diff --git "a/reddit_finance_43_250k_106.txt" "b/reddit_finance_43_250k_106.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_106.txt" @@ -0,0 +1,10000 @@ +Edit: You beautiful bastards. We conquered Reddit on a Sunday night. All we wanted to do was get the rainbow dicks back, but instead we made Reddit great again. + +> Hey /u/ITradeBaconFutures , +> This is now the top post on reddit. It will be recorded at /r/topofreddit with all the other top posts. +This has surely been a rough week with papa Bitcoin having a nervous breakdown. + +Fear not, the recovery is happening and BSC Token season lives on! + +To help you strengthen those hands, the team at BogTools have just released another update to their charts. + +šŸ“ŠWhats New in Charts 2.6? šŸ“Š + +\+ Better Support for New Tokens - particularly in the first hour post launch when you're looking for a quick gain + +\+ Wallet Automatically Connects showing the coin values in your portfolio + +\+ Arbitrage Transactions clearly labeled + +\+ Swap Button added for slide-out swap interface - this let's you instantly use BogSwap to trade the token you're currently charting! It also automatically selects the best price routing for you. + +\+ Option to Manually see the price on PCSV1 / PCSV2 / Apeswap - the charts still default to the highest (most optimal) liquidity version. + +\+ **Warns user if they're viewing an unverified contract** + +\+ HUGE performance enhancements, various bug fixes, and quality of life improvements. + +šŸ“ˆ So what? Why is $BOG gonna make it ? šŸ“ˆ + +\+ Bogtools is evolving to be the one stop shop for trading on BSC: Charting / BogSwap / Financial Tools ( buy/sell limits & Sniper). + +\+ The Devs have confirmed upcoming release of V2 buy/sell limits along with Stop Lossehere:he near future + +\+ $BOG is the most usable dex/pool aggregator with all financial tools you need to optimize your trading on the Binance Smart Chain + +\+ Ultimately $BOG is used for many of these functions and adoption will cause its price to rise. + +šŸšØOther Announcements šŸšØ + +\+ More Tools exclusive to $BOG holders - To be formally announced, but similar to the sniper, will require holding a minimum number of $BOG to access. When the Sniper was released, we saw a huge surge in price, this release will likely see similar action. The Devs have confirmed upcoming release of V2 buy/sell limit orders along with Stop Losses coming soon. + +\+ M Conspiracy - There is serious speculation about this, Luke the Doxxed Dev tweeted here:[https://twitter.com/LukeBogTools/status/1395028690254188546?s=20](https://twitter.com/LukeBogTools/status/1395028690254188546?s=20) + +\+ Sniper Updates - sniper is now PancakeSwap version agnostic. This means it will work on the first DEX to receive liquidity & Snipes will fill within 2 blocks of liquidity being added. + +\+Bogged Finance is catering to all BSC tokens, anyone who wishes to add their token logo to the tools can do so by filling out the linked form below - I don't see PCS catering to the entire BSC token community šŸ‘€ -[ https://docs.google.com/forms/d/e/1FAIpQLSe1kSZpgyqGgRf8uBMN\_yimcvWx3V\_1JCwcYH7U1KO2Phyx1g/viewform](https://docs.google.com/forms/d/e/1FAIpQLSe1kSZpgyqGgRf8uBMN_yimcvWx3V_1JCwcYH7U1KO2Phyx1g/viewform) + +So in Summary, + +If you want to trade any token on BSC, and make the most of your trading experience, head on over to[ https://bogged.finance/](https://bogged.finance/) + +Remember, if you pick up a good number of $BOG now, you can get cheaper access to the pro features we already offer our holders, and everything we release for the future. I'd seriously give it some thought! Don't miss out on the opportunity to load up on your $BOG stack during this correction. + +Head on down and Answer the Call šŸ“± at Bogged.Finance for all your $BOG & BSC needs. ( you can access all tools and buy Bog Here, just like PCS but better) + +Any questions please post them here or join the Telegram group - again all links on Website. + +Not FA + +DYOR +Lots of interested info - page 14 covers the level of net worth needed to join the 1% for your country - [https://content.knightfrank.com/research/83/documents/en/the-wealth-report-2021-7865.pdf](https://content.knightfrank.com/research/83/documents/en/the-wealth-report-2021-7865.pdf) + +Monaco - USD$7.9MM +Switzerland - USD$5.1MM +United States - USD$4.4MM +Singapore - USD$2.9MM +New Zealand - USD$2.8MM +Hong Kong - USD$2.8MM +Australia - USD$2.8MM +The eviction moratorium has ended. Congress did absolutely nothing and went on a six-week vacation finger pointing the whole way. + +Eviction Tsunami. Millions of families losing their homes. Families on the street. Rent can't be paid by renters, the landlords aren't getting paid and they can't pay their own bills. + +Covid is back and killing people who haven't been vaccinated. I'm seeing it constantly at my job doing ER notifications. The debt ceiling hasn't been raised. Reverse repo is beyond $1 trillion, a dangerous and insane sign for Wall Street. + +And we apes are about to get paid ridiculous, life-changing amounts of money. We're not happy at all. We're not dancing. We're pissed. Ticked off at this corrupt system that crushes so many lives. + +The fight will not end with us getting paid. For some of us, being set for life with riches for us won't be enough. We want to change this broken world. And that is why I hold: to do what I can. They're not about to create millions of billionaires living in luxury. They're about to fund masses of Batmen and Batwomen. + +**EDIT:** Couple of corrections and clarifications here: +1) **No dates. We get paid soon.** If, for example, that turns out to be January of next year, thatā€™s still soon. And don't let any shill tell you it won't be gigantic. +2) I shouldā€™ve just left it as ā€œcovid cases are coming back up and killing people.ā€ 0.8% of Covid deaths since May are people who have been vaccinated (source: AP News/Google). There are some breakthrough deaths and cases amongst vaccinated patients, since no vaccine is 100% protective. Covid has another problem: it gives people big hospital bills. Thatā€™s a problem. This is not a place for your Covid debates. **Regardless of what you believe, the point is Covid is still here longer than expected and is still a negative factor in the market and peopleā€™s lives.** +3) **We should strongly consider not fucking dancing at people suffering on the sidelines.** The Big Short scene nailed it. 6 miliion people or more potentially about to be kicked out of their homes is not something that should make us leap for joy. And it's a cringy bad look for anyone casually visiting the sub. I do think there is plenty of cause to celebrate the success of our DD, our theories, our community. The demise of the corrupt funds, brokers, banks, the corrupt system, is something we can celebrate and yes, dance to. A lot of us have done hard work on this. We deserve some happiness. But this moratorium, the idea of mass evictions, the direct suffering of people on the sidelines should not make us orgasmically scream "JACKED TO THE TITS" and start dancing. That leads people down the same path towards that one news story of the secret Wall Street party celebrating the recession and basking in the luxury of a bailout. Apes are better, our humanity is what sets us apart from Wall Street. We need to keep it. +I'll officially be out of poverty soon. I completed orientation yesterday. My first check will only have 7 hours on it. My next one will be the check I will be getting each pay day and will be making 4 times what I make now. + +I am so scared I'll lose this job in about a week because of all my other jobs let me go after a week or two. But this one seems like a perfect fit for me. + +I am slowly crawling out of poverty and it feels good (and terrifying). + +Edited to add: First day is done and I am confident I am not going anywhere. This is a good fit and they like me. + +Also, I am trying to reply to everyone but there are a LOT of replies. I'll get to them all eventually. I promise. +Hi All, + +So from my previous post I was in 2 minds about what funds and trusts to go with and taking in to account everyoneā€™s advice I have now decided to get in to the following - + +SMT - 70% +Baillie Gifford Pacific fund - 15% +Baillie Gifford health innovation fund - 15% + +I have a 212 isa atm and decided to dump in 6k in to SMT at 1140 when it dipped, once the new tax year happens Iā€™ll be using H&L to pay the Ā£1.50 regular investing charge and the funds are free in the S&S isa and happy to pay the capped Ā£45 charge a year just for security and customer service, my plan is to invest in Ā£1000 a month with the above percentages and being with H&L itā€™ll definitely help with the mindset of not timing the market but actual time in the market. So Iā€™ve given a breakdown of why Iā€™m going in to the following so it can potentially help others who are looking in to getting in to it in the future + +SMT 70% - I like the combination of Tom Slater and James Anderson, listened to their recent podcast and like their ideas of going in to Space X and Stripe (online payment company) there pretty much on par with the things that I feel are good calls and potential growth in the future over the next decade, an example would be them minimising the amount of Tesla in the portfolio from around 11% to 5% and not being their top holdings, I personally feel there isnā€™t that much growth compared to what happened in 2020 with them going forward, they might hit a 1000 this year but wonā€™t be the 700% growth they got last year and way overvalued, looking in to their rebalanced portfolio they seem to be going in to more the ARKG methodology with moderna and illumina which I like but theyā€™re also in Tencent, Ali baba and amazon which I canā€™t personally see be overtaken but could be wrong. Amazon might have some more growth in the near term with Jeff bezos stepping down and potential opportunity for a share split which could drive up the price more like apple and Tesla which did well. This has the diversity with EV, Genomics and Tech I like so will be the main catalyst of my portfolio.I did look in to the positive change fund but like the un listed equities which SMT gives. + +Baillie Gifford Pacific fund 15% - + +Now this idea was from my other post as I initially wanted to go in to PHI but thereā€™s ridiculous premiums on it at the moment and pretty much the same exposure with Sea and JD.com. I decided to go with the fund instead! I like these companies going forward as I feel JD will be the amazon of China and want exposure to it and Sea is a whale in the making with the e-commerce business in Southeast Asia market and room to grow in to these developing countries. + +Baillie Gifford Health innovation fund 15% - + +So Iā€™m a keen believer of ARKG doing well over the next 10 years when Covid calms down and think genomics will be the big thing so wanted exposure to it, companies like teladoc, m3 and more exposure to moderna and illumina I feel will do well and I like that Baillie Gifford see that also so had to add this in. + +Hopefully this helps people and happy to hear any feedback you might have to further improve it. I know itā€™s quite baillie Gifford intensive but I think theyā€™re a step ahead of anyone in the game and hopefully Iā€™m right in to 10 years lol +Hi All, + +So from my previous post I was in 2 minds about what funds and trusts to go with and taking in to account everyoneā€™s advice I have now decided to get in to the following - + +SMT - 70% +Baillie Gifford Pacific fund - 15% +Baillie Gifford health innovation fund - 15% + +I have a 212 isa atm and decided to dump in 6k in to SMT at 1140 when it dipped, once the new tax year happens Iā€™ll be using H&L to pay the Ā£1.50 regular investing charge and the funds are free in the S&S isa and happy to pay the capped Ā£45 charge a year just for security and customer service, my plan is to invest in Ā£1000 a month with the above percentages and being with H&L itā€™ll definitely help with the mindset of not timing the market but actual time in the market. So Iā€™ve given a breakdown of why Iā€™m going in to the following so it can potentially help others who are looking in to getting in to it in the future + +SMT 70% - I like the combination of Tom Slater and James Anderson, listened to their recent podcast and like their ideas of going in to Space X and Stripe (online payment company) there pretty much on par with the things that I feel are good calls and potential growth in the future over the next decade, an example would be them minimising the amount of Tesla in the portfolio from around 11% to 5% and not being their top holdings, I personally feel there isnā€™t that much growth compared to what happened in 2020 with them going forward, they might hit a 1000 this year but wonā€™t be the 700% growth they got last year and way overvalued, looking in to their rebalanced portfolio they seem to be going in to more the ARKG methodology with moderna and illumina which I like but theyā€™re also in Tencent, Ali baba and amazon which I canā€™t personally see be overtaken but could be wrong. Amazon might have some more growth in the near term with Jeff bezos stepping down and potential opportunity for a share split which could drive up the price more like apple and Tesla which did well. This has the diversity with EV, Genomics and Tech I like so will be the main catalyst of my portfolio.I did look in to the positive change fund but like the un listed equities which SMT gives. + +Baillie Gifford Pacific fund 15% - + +Now this idea was from my other post as I initially wanted to go in to PHI but thereā€™s ridiculous premiums on it at the moment and pretty much the same exposure with Sea and JD.com. I decided to go with the fund instead! I like these companies going forward as I feel JD will be the amazon of China and want exposure to it and Sea is a whale in the making with the e-commerce business in Southeast Asia market and room to grow in to these developing countries. + +Baillie Gifford Health innovation fund 15% - + +So Iā€™m a keen believer of ARKG doing well over the next 10 years when Covid calms down and think genomics will be the big thing so wanted exposure to it, companies like teladoc, m3 and more exposure to moderna and illumina I feel will do well and I like that Baillie Gifford see that also so had to add this in. + +Hopefully this helps people and happy to hear any feedback you might have to further improve it. I know itā€™s quite baillie Gifford intensive but I think theyā€™re a step ahead of anyone in the game and hopefully Iā€™m right in to 10 years lol +Inspired by a recent post complaining about beginners spamming "how to invest" (spoilers: I am one of these). + +Everyone here seems to complain about people who know nothing about investing wanting to learn. r/UKInvesting should create an investing-for-dummies flowchart, as done by r/UKPersonalFinance, that will obviously not be able to cover all the intricacies/strategies but could offer some solid practical steps and advice for beginners. + +And yeah of course "fuck you MoreBoar, do some homework", but this is an extremely hard topic to get into if you don't have help. + +Just an idea +If you're part of the 1% - what makes you think you can beat the market? Is it possible to acquire these advantages? + +The arguments for passive investing seem REALLY damning for active investing (I'm sure you've all heard them - not a lot of funds actually beat the market being the single most damning, IMO). I do think that wall street's being influenced by forces that don't affect retail investors, but obviously, we don't have access to the same kind of information they do. And while I think I'm definitely in the upper half of stock pickers, I'm not delusional as well and can't place if I'm closer to the median, or the upper crust, so I'm wondering if trying to build these advantages and taking advantage of any market inefficiencies is worth it. + +Thanks! +TGT has a market cap of $102B compared to COST at $231B. + +Yet TGT has TTM after tax income of $6.7B compared to COST with 5.2B. + +TGT's Equity + Retrained earnings are $23B compared to COST with $29B. + +So given that Costo has about $7 Billion more in total assets, does that justify twice the price for $1B less in income? Seems to me that TGT is a much better deal and showing better net income growth. So what am I missing? +**šŸš€ Zach Boychuk's interview with Crypto Messiah sponsored by Chubby Inu is dropping today or tomorrow! This project is getting big influencer connections and starting to get good visibility. Now looks like a great time to buy in. šŸš€** + +Chubby Inu just previewed their **Chubby Swap** platform which is due out in the next 48 hours. For now, it's a Uniswap API fork with a Chubby Inu themed UI, but it is being described as a "modular" development and soon it will have integrated "*scam sniffing*" and **new contract detection** as well. The swap platform will have taken them **less than a month since contract deployment**...compare that to certain other tokens' "swap" platforms and the time those took since original promises. By Q4, 2021, the plan is to have **Scam Sniffer v2** checking contracts **across BSC and FTM also, with cross-chain staking** integrated as well. CHINU's contract adapts its adds to liquidity based on the amount of volume using a threshold to sell into the 1:1 ETH balance required for Uniswap v2 liquidity so as not to hurt price during slow periods...seems really clever! In about 9 weeks, the project will be migrating liquidity over to Uniswap v3 and there are so many possibilities for the new higher dividend protocol...higher redistribution percentage, higher liquidity adds, or (community's favorite) even **token buybacks/burns**. This project continues to prove itself as legit and focused that happens to be wearing dog token clothing. The value of this token has not been realized by the crypto community yet, but it will blow up once it has! Come check out the TG and catch one of the **fireside chats** they host at least once a week going over various topics from contract review to bots, smart contracts, and even utility NFTs (Zach Boychuk even listened in on the last one!). They even have recorded a couple of them so you can listen in your free time. There are also many other reasons to get in now: + +* listed on **CMC** and **CG** about two weeks ago +* liquidity is **locked** +* live on Bilaxy +* mcap **\~$1.8M** (half of what it says on dextools due to inception burn) +* 4 weeks old +* **unique original contract**, not another copy cat like so many others +* **perfect tokensniffer score** +* about 1200 holders + +Also, the devs have already thought about some usual concerns and issues and taken associated precautions: + +* **locked liquidity for 9 more weeks (until the migration to Uniswap V3 for better dividends to holders)** +* **adaptive contract with frequent blacklisting of bot addresses (they have even created bot honeypots!)** +* **tokenomics that constantly add to the liquidity pool as a built in defense for large selloffs.** + +**āœ…** **4% goes back to holders as dividends** + +**āœ…** **3% goes to a charity wallet** + +**āœ…** **3% gets added to the Uniswap v2 liquidity pool.** + +&#x200B; + +* **Buy it here:** [https://app.uniswap.org/#/swap?outputCurrency=0x910985ffa7101bf5801dd2e91555c465efd9aab3&use=V2](https://app.uniswap.org/#/swap?outputCurrency=0x910985ffa7101bf5801dd2e91555c465efd9aab3&use=V2) +* **ERC20 contract:** 0x910985ffa7101bf5801dd2e91555c465efd9aab3 +* **CMC:** [https://coinmarketcap.com/currencies/chubby-inu/](https://coinmarketcap.com/currencies/chubby-inu/) +* **CG:** [https://www.coingecko.com/en/coins/chubby-inu](https://www.coingecko.com/en/coins/chubby-inu) +* **Tokensniffer:** [https://tokensniffer.com/token/0x910985ffa7101bf5801dd2e91555c465efd9aab3](https://tokensniffer.com/token/0x910985ffa7101bf5801dd2e91555c465efd9aab3) +* **Liquidity Locked:** [https://app.unicrypt.network/amm/uni-v2/token/0x910985Ffa7101Bf5801DD2e91555c465EFD9AAB3](https://app.unicrypt.network/amm/uni-v2/token/0x910985Ffa7101Bf5801DD2e91555c465EFD9AAB3) + +**Telegram:** [https://t.me/ChubbyInu](https://t.me/ChubbyInu) + +**Website:** [www.chubbyinu.com](http://www.chubbyinu.com/) + +**Twitter:** [https://twitter.com/ChubbyInu2](https://twitter.com/ChubbyInu2) +**šŸš€ Zach Boychuk's interview with Crypto Messiah sponsored by Chubby Inu is dropping today or tomorrow! This project is getting big influencer connections and starting to get good visibility. Now looks like a great time to buy in. šŸš€** + +Chubby Inu just previewed their **Chubby Swap** platform which is due out in the next 48 hours. For now, it's a Uniswap API fork with a Chubby Inu themed UI, but it is being described as a "modular" development and soon it will have integrated "*scam sniffing*" and **new contract detection** as well. The swap platform will have taken them **less than a month since contract deployment**...compare that to certain other tokens' "swap" platforms and the time those took since original promises. By Q4, 2021, the plan is to have **Scam Sniffer v2** checking contracts **across BSC and FTM also, with cross-chain staking** integrated as well. CHINU's contract adapts its adds to liquidity based on the amount of volume using a threshold to sell into the 1:1 ETH balance required for Uniswap v2 liquidity so as not to hurt price during slow periods...seems really clever! In about 9 weeks, the project will be migrating liquidity over to Uniswap v3 and there are so many possibilities for the new higher dividend protocol...higher redistribution percentage, higher liquidity adds, or (community's favorite) even **token buybacks/burns**. This project continues to prove itself as legit and focused that happens to be wearing dog token clothing. The value of this token has not been realized by the crypto community yet, but it will blow up once it has! Come check out the TG and catch one of the **fireside chats** they host at least once a week going over various topics from contract review to bots, smart contracts, and even utility NFTs (Zach Boychuk even listened in on the last one!). They even have recorded a couple of them so you can listen in your free time. There are also many other reasons to get in now: + +* listed on **CMC** and **CG** about two weeks ago +* liquidity is **locked** +* live on Bilaxy +* mcap **\~$1.8M** (half of what it says on dextools due to inception burn) +* 4 weeks old +* **unique original contract**, not another copy cat like so many others +* **perfect tokensniffer score** +* about 1200 holders + +Also, the devs have already thought about some usual concerns and issues and taken associated precautions: + +* **locked liquidity for 9 more weeks (until the migration to Uniswap V3 for better dividends to holders)** +* **adaptive contract with frequent blacklisting of bot addresses (they have even created bot honeypots!)** +* **tokenomics that constantly add to the liquidity pool as a built in defense for large selloffs.** + +**āœ…** **4% goes back to holders as dividends** + +**āœ…** **3% goes to a charity wallet** + +**āœ…** **3% gets added to the Uniswap v2 liquidity pool.** + +&#x200B; + +* **Buy it here:** [https://app.uniswap.org/#/swap?outputCurrency=0x910985ffa7101bf5801dd2e91555c465efd9aab3&use=V2](https://app.uniswap.org/#/swap?outputCurrency=0x910985ffa7101bf5801dd2e91555c465efd9aab3&use=V2) +* **ERC20 contract:** 0x910985ffa7101bf5801dd2e91555c465efd9aab3 +* **CMC:** [https://coinmarketcap.com/currencies/chubby-inu/](https://coinmarketcap.com/currencies/chubby-inu/) +* **CG:** [https://www.coingecko.com/en/coins/chubby-inu](https://www.coingecko.com/en/coins/chubby-inu) +* **Tokensniffer:** [https://tokensniffer.com/token/0x910985ffa7101bf5801dd2e91555c465efd9aab3](https://tokensniffer.com/token/0x910985ffa7101bf5801dd2e91555c465efd9aab3) +* **Liquidity Locked:** [https://app.unicrypt.network/amm/uni-v2/token/0x910985Ffa7101Bf5801DD2e91555c465EFD9AAB3](https://app.unicrypt.network/amm/uni-v2/token/0x910985Ffa7101Bf5801DD2e91555c465EFD9AAB3) + +**Telegram:** [https://t.me/ChubbyInu](https://t.me/ChubbyInu) + +**Website:** [www.chubbyinu.com](http://www.chubbyinu.com/) + +**Twitter:** [https://twitter.com/ChubbyInu2](https://twitter.com/ChubbyInu2) +400k, seller pays 5k in closing costs, I will be putting 20% down, rent for the area is $1200 per unit, and taxes are $8,500/year. + +I'm getting an inspection done, my main concern is the main sewer drain. + +Electrical and roof was remodeled in 2010. Two units from 2010 remodel, two units updated last week. I will be moving into a 2010 unit to remodel it. + +Any advice ? I own a couple duplexes but this feels big time... More like an apartment than a house. + +In Lakewood, Ohio if that matters. +When I was working for the Man, I always dreamed of owning a grand estate. To me, "making it" was living in a home like the movie producer in The Godfather, sans horse head. + +Now that I could swing something awesome, I have little interest. I live in a house under 2,000 sf, technically a barge so it's kinda cool, but when I see a mansion I envision always having a punch list of things that have broken and fixers to call. + +For those of you who live(d) large ... is the awesomeness worth the hassle? +Wife and I are expecting our 2nd šŸ„° and on the direction of her doctor, they had her do a panorama prenatal screen. Because of COVID they are doing the test remotely through Natera. + +The doctor's office confirmed this would be done in-network. The Natera website (still) lists our insurance (Empire BCBS PPO) as in-network. +https://www.natera.com/in-network-plans/ + +Then we got a bill for $750. We called Empire and they said Natera is out of network. Wife spoke with her doctor (who is in network) and he had us contact his Natera rep and they are now saying we should have received 2 bills, but she can reduce the cost to $99 each. + +Am I wrong for thinking we should be paying $0, which is what our out of pocket would have been if they were actually in network? I also don't like that Natera is lying about the insurance they work with in-network on their website. Who can I report this to? + +Edit: Yes, we are aware that ultimately we should have contacted our provider before the appointment with Natera was kept. The main issue I have is with Natera advertising false information about who is in-network on their website. Per Empire BCBS rep, that is "illegal and there are contingencies for that". What those contingencies are was not explained. + +Edit 2: This is the actual language on the Natera website: *Please find below the full list of insurance plans Natera is contracted with as an in-network laboratory. If you donā€™t see your insurance plan, please note that Natera accepts all national and regional carriers in the United States.* Our insurance plan was on here, when I spoke with Empire BCBS PPO they said they did NOT have an in-network contract with Natera. + +Edit 3: ~~I've saved a screenshot of the Natera site listing Empire BCBS on their list of in-network providers.~~ u/godless-life was kind enough to save an online archive of the website which is a better form of proof. + +Edit 4: Wow this is still gaining traction on day 2. Wanted to clarify our insurance is employer provided and the corp office is in NY, but we are based in FL. + +Edit 5: We got some great advice in this thread and happy to report the matter has been resolved! Our doctor connected us with his Natera rep. We sent them a screen shot of the bill and a copy of our Empire BCBS PPO plan and a screenshot of their website stating our insurance was in-network. The rep just replied saying that **both bills have been zeroed out and we owe $0.00**. As relieved as I am to not owe $750, or waste $198 on the reduced bill, this thread made it disturbingly clear that this is Natera's M.O. Today, I am going to be contacting the [State Attorney General's office](https://browardsao.com/) for my county, the [Florida Office of Insurance Regulation](https://www.floir.com/office/commissioner/index.aspx), and the [Better Business Bureau](https://www.bbb.org/) about Natera's deceptive business practice. I urge those that shared similar stories to do the same. + +Also, thank you everyone for your input. It is appreciated. Thanks to the mods for taking interest and keeping the thread civil. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have a jumbo fixed mortgage at a low rate, under 3%, refinanced a couple years ago. When I refi'ed, I went with a 30-year term. My monthly payment is now half what I'd pay to rent a place like this. (I live in a notoriously expensive US metro area.) + +A friend of mine also refi'ed around the same time and chose a 15-year term. When I asked why, he said "so I could be done with it at a younger age." + +My mortgage was recently sold, and the new servicer is also encouraging early paydowns. + +But paying more principal seems wrong to me. If you can borrow at under 3%, why wouldn't you want to extend that as long as possible? That seemed the case to me in 2020 when it was clear that both interest rates and inflation were about as low as they could be, and it especially seems the case now that rates AND inflation are a multiple of what they were then. + +Aren't you better off extending the term, minimizing payments, and investing the money in something other than your home equity? + +What am I missing? +I have a nephew who has some developmental challenges - he's self sufficient enough that hopefully when he gets older he'll be able to hold down a job, but I'm worried that he's going to have a tough time of it. I'm thinking of somehow creating something (a trust fund? I'm very ignorant of my options here) to help him out financially in the future. + +The thing is, I don't trust his mom at all (my sister-in-law). She is a manipulative narcissist and has been a cancer on our family. She is informally separated from my brother, but has manipulated him into not getting divorced, I think in part because it gives her leverage to pull more out of him on an ongoing basis than she would win in a divorce proceeding (and also I think that in court there's a good chance she'd lose custody entirely with her historical behavior, and I think she also knows that... but I digress). I worry that if I set up some kind of trust fund meant for my nephew that her status as his guardian will mean that she'll be able to get her hands on it. I also worry that with his developmental challenges, she will be able to retain that status into his adulthood. + +What sort of options are available for making an account on someone else's behalf that bypasses guardianship? Is that even possible? +This sub multiple times a day causes me to roar into laughter. I've got 20k i didn't have before and multiple times a day I'm disgusted and appalled by your flippant yoloing. + +You guys cured my depression and gave me financial stability. +With the price of everything going up, what are people eating? + +My biggest expense is food. I make a budget and meal plan, either fail to stick to it and get fast food/takeaways or over-purchase ingredients and everything goes old in the fridge. + +Batch cooking spag bol and freezing it is okay, but with the price of mince it's like Ā£30 to make a spag bol these days. + +The best budget friendly solution I've found is to eat frozen veg, oven chips and chicken kievs everyday (definitely not healthy i know). + +What are your go to meals? Bonus points for convenience and something that you actually want to eat. +Anyone stuck in the same place as me? Iā€™m losing momentumā€¦ growing up and over the last 20 years or so Iā€™ve just wanted to be rich. Now, at 40 years old, Iā€™ve got $2 million NW, a wife and a little kid, about $400k annual income, living in an expensive and very desirable neighborhood in Chicago. But I have lost my drive and motivation to earn more or work very hard. This feeling has made me uncomfortable and Iā€™m not sure what to doā€¦ if anything but stay the courseā€¦ + +EDIT: I should also share that as I have approached $2 million NW, I have allowed myself to spend more that I did 10 years ago. Because $100 more on my NW is not really that interesting anymore to me... +My sister was in an accident 3 years ago as a passenger in a DUI situation. She was ambulanced to the hospital but only had minor scratches and bruises. Doc said she was lucky to walk away. Hospital bill came out to about $25k. (Yay america) +The drivers insurance was supposed to cover the bill. Fast forward to today, she got a bill from a collections agency for $11.5k that says seriously past due. +My sister is 22 living in Hawaii. No family on island atm and no support network. She can't shell out $11k just like that. Is there anything she can do? Should she keep bugging the insurance company that was supposed to take care of the bill? Should she reach out to the hospital? Or contact the collections agency? +She just wants her credit cleared. Any help would be greatly appreciated. I have no experience with this kind of situation so thought I'd ask some people that do. + +Edit: sis dug out some papers from when she met with the state farm insurance guy, turns out she did sign a settlement for 10k. Does this leave her on the hook for the rest? +11/19 update - TELL ME THEY ARENT AFRAID OF $230! + +TL;DR - Hedgies are very very afraid of $230 and have been so all year, and we are just a 6.75% move away from it. + +Greetings Apes, I'd like to give you a bit of hopium tonight. An optimistic possibility that we might be $12 (a 6.75% move up) away from the hedgies grabbing their ankles and packing their boxes. I previously wrote about this in my [What If Machine](https://www.reddit.com/r/Superstonk/comments/pzpein/the_what_if_and_why_machine/) post, but this should summarize the idea in case you just want to smile. The one big detail you need to know is what life was before rule 002 went into effect and what life is now. + +Rule 002 is 24/7 surveillance on margin. It went into effect on June 23. Before 002, hedgies would have margin checks monthly, on monthly option expiry dates (3rd friday of each month). They could fuck around all month and as long as they looked good on that date it was "move along, nothing to see here". When 002 went into effect, marge was allowed to call on any day, not just monthly expiry. So now if the price runs above their threshold, they have an hour to get it back under control or marge is showing up with her big leather belt to turn some hedgie ass red. (Edit, I realize I didn't clarify this but some apes are bringing it up in the comments. Marge calls after an hour being above the threshold. Yeah we'd all like immediate calls, but there's also some sense to why an hour is built into this rule). + +So what is this threshold? Let's look at a few pics. Vertical lines are option expiry dates. + +[Feb option expiry to March option expiry \(white dots are weekly closes\). 1 hour chart](https://preview.redd.it/yy93c988sgx71.png?width=864&format=png&auto=webp&s=6befb2b097695f144bb61c56a8989a71a18f1759) + +This gives us Feb 19 to March 22. Yes we got above $230 for a while, but check out what they pushed the price down to right before the March option expiry. Crazy price attacks to get under the $230 line on March 19th. Ok, lets see it again. + +[May option expiry to June option expiry](https://preview.redd.it/tw9x81eqsgx71.png?width=860&format=png&auto=webp&s=b7a79e6369087231ee0048414769c9797e7c48fe) + +Again, they timed the peak to land right in between expiry dates. So we spent a few weeks over $230.....but look what they slammed the price down to before the next expiry. Right below $230. 2 days after, 002 goes into effect and suddenly we had the long slow bleed summer of super low volume because the hedgies desperately needed to be able to control..... + +[Aug 24 up to Today!](https://preview.redd.it/rdvhrtmotgx71.png?width=866&format=png&auto=webp&s=632989266a6404de7225de065fa510ff3ffc0160) + +August 24 and the week afterwards saw us run all the way up to......$230. We touched it for a few nice minutes the morning of Sept 1. Then we spent 2 months getting punched back down again. But then today..... + +[This morning \(11\/3\) from 9:45 to 10:55 \(EST\). 1 min chart.](https://preview.redd.it/7mhngr3vugx71.png?width=864&format=png&auto=webp&s=c6c695750c062d9ab72bf5d20d8eae50cad2cd24) + +The price crosses $230 at 9:49am and is pushed back below is 50 minutes later at 10:39am. So fucking close to that hour I can almost taste time and it tastes fucking tasty. Ok let's answer a few questions you may have. + +**So MOASS at $230?** + +Maybe. This post really just sums up that there's been a price we've been pushed below multiple times this year and that crossing it now with 002 in effect is very interesting. If they are applying pressure to the same point all year that makes me feel like whatever they have been afraid of since January hasn't gone anywhere. They just were smart about avoiding it. We sustain above $230 and I'll be interested to see what happens. + +**What about $350, shouldn't that be the line?** + +Maybe. Maybe that is a price they start to get a call at, but like I point out they time that peak right in between expiry dates. $350 might just be the point where they had enough time to get back down again. Given that we are right at the $230 line, that's where my focus is. + +**Bullshit the rules do nothing, no one does anything, system corrupt.** + +First, that isn't a question. Second, ok then explain why $230 is what they keep retreating back to. Why is the price we saw them hide behind in March and June the same price they are fighting to get under in Sept and Nov? If they aren't afraid of the rule, why bother spiking the price back down at all? Would make sense to keep it high so apes can't afford to buy as many shares. Why on earth would they try to give us a sale unless they NEEDED the price to stay down. + +**Can you jack my titties a bit before you go?** + +Hell yeah I can. Let me put on my war cry font. ahem... + +# Hedgies are afraid of the exact same thing right now that they've been afraid of all year and it stands to reason that nothing changed and they didn't close. They've run, they've hid, they've tried in vain to attack, and next they'll cry. Ken's bullshit "One more day" line is what this has all been about. Well here's my line hedgefucks and why all the lies and fuckery didn't work. + +# If hedgies are still fighting, hedgies are still fucked. +Title pretty much summed it up. My grandpa has about $1,000,000 in physical USD, and has a bit more than $1,000,000 in gold ounces that he wants to give to me upon my graduation. He's never trusted banks or bankers, so his assets are practically 100% tangible. + +I want to invest the money ASAP to pursue fatfire, but there's one glaring issue I'm facing. If I deposit over $10,000, the bank has to report it to the IRS, but if I break up the deposits, then the money might get seized by the IRS. What's the best way to go about this? I'm fairly sure that the money was earned legally. + +I'll be speaking with a CPA and an estate planning attorney later this week, but I just wanted to check and see if anyone had a similar situation. +**tl;dr: their marketing manager is a racist, and they are essentially a scam, looking to moneygrab 52 million dollars when other similar projects are looking to raise 1/3 the amount** + +Hey fellow ethtraders, I'd like to share some troubling developments with the EventChain project, which posted a promotional blog post on ethtrader this morning: https://np.reddit.com/r/ethtrader/comments/6vr7rv/eventchain_smarttickets_dapp_frontend_web2/ + +I posted a calm criticism in the comments: "It is always a little concerning to see yet another ICO raising funds in competition with existing projects like Aventus and Blocktix. The value prop for the coin also isn't very good, as you can simply purchase tickets with fiat or other cryptos, which would be the core transaction activity on your platform." + +In response, I received a private message from Jonathan Waller (d3t0x1), the project's Marketing Manager as listed on their website (https://eventchain.io/), as well as a moderator on their subreddit (https://np.reddit.com/r/EventChain/). The subject of the PM: **ching chong wing wong** + +proof: http://imgur.com/a/pg6Ox proof: https://sourceforge.net/u/d3t0x1/profile/ proof: https://np.reddit.com/user/d3t0x1/submitted/ + +He continued to personally attack the Aventus project, claiming: "Those guys are a joke with sly talkers the alpha is complete garbage." In Aventus' defense (I don't own any as their ICO hasn't even taken place), their co-founders are both experienced developers with masters degrees from Imperial College London, who together have experience at reputable firms including Deloitte and Goldman Sachs (https://www.linkedin.com/company-beta/15212509/) + +Of course, I was pretty triggered by the message I received and decided to do some due diligence on EventChain, just in case ;). My findings were not positive. + +Their CEO is Ashton Addison, who some of you may recognize from the YouTube channel CryptoCoinShow. I haven't watched many of their vidoes, but I did recognize his face from this video, shilling XRP and making unsubstantiated claims that XRP saves banks an additional 30% vs. other cryptos: https://www.youtube.com/watch?v=bxKu0HsDoOA + +Furthermore, the sum totality of Ashton's experience (Linkedin https://www.linkedin.com/in/ashtonaddison/?ppe=1) is as "CEO/President" of defunct Therapy Marketing Hub (http://www.therapymarketinghub.com/) and "Major Sales Assistant" at Costco: "...a self-managed job with tasks including retail selling of TV's, computers, printers and home theatre equipment. The job mainly focuses on one on one customer service. It also includes managing inventory levels. Majors' salesmen also prepare the jewelry case and handle selling of jewelry up to $20,000." He has no other professional experience since 2014. + +Investigating EventChain's website further, I found a pretty website but not much substance (https://eventchain.io/). Their landing page contains a standard "In the Media" section, except the Reuters link goes nowhere (https://share.insider.thomsonreuters.com/link?entryId=0_p9eyphud) and the extent of their mention in a Huffington Post Contributor article (http://www.huffingtonpost.com/entry/59814550e4b02be325be0227) is "Blockchain technology has a significantly more secure authentication system than institutions currently have in place. It has been utilized by EventChain SmartTickets to deliver event tickets using blockhain, as well as in a host ofther applications." **That's it.** + +On to the white paper... sole developer Jesse Couch's bio reads like it was written by Trump himself: "**Jesse is a crypto legend. Ethereum genesis block holder. Numerous 1000x and 100x returns on top crypto projects.** Jesse is a veteran in the cryptocurrency industry, with extensive knowledge and programming experience as a developer of cryptocurrencies and tokens as well as working in Linux, Apache, MySQL and PHP development languages. **Being a top world class developer allowed Jesse to easily pick the best projects to participate in.** Entering the blockchain space in early 2011, he has long term experience trading bitcoin, altcoins and currently manages the Shares Per Hour Virtual Reality Business Networking blockchain platform, integrating blockchain business with virtual reality on the forefront of innovation." + +Furthermore, the white paper does not once state the actual total amount that EventChain is seeking to raise in their ICO. I did the math - **7.7 million for the presale, 31.32 million for phase 1, and 13.2 million for phase 2, a total of over 52 million dollars** for a blockchain ticket platform that is already being built by Blocktix and Aventus. What are their fundraising targets you ask? The Aventus ICO is capped at far more reasonable 15 million (https://blog.aventus.io/aventus-token-sale-full-details-383314e36c95). + +Of the 52 million EventChain is seeking to raise, 58.4% (30.3 MILLION DOLLARS) is going to be allocated to marketing alone, in the hands of a guy who decided to PM somebody who offered a piece of honest criticism on their ethtrader shill post with the subject ching chong wing wong. + +I have purely shared facts and invite you all to come to your own conclusions. As a community, we have made clear our view that unnecessary money-grabbing ICOs are not acceptable. In addition, the discourse used by Jonathan Waller is completely unacceptable for a key member of any project in any industry. Thank you all for your time. + +My brother wants to run the AC at 72Ā°-74Ā° throughout the day to cool down our 2,000 sq ft house. Last month, 5 people were living in this house and the electricity bill was $250/month. My dad expects our bill to be around $500-$600/month from running the AC. My dad works for an electrical company so I trust (and dread) the reality of his prediction. + +Background: My brother & I both run really hot and we live in a desert city (dry heat) that is about 100Ā° hot every day from May-late August. +My brother plays games on his PC ~12 hrs/day (this will not change so something else has to). This causes his room to be VERY hot (noticeably warmer than other rooms in the house). He does turn his PC off when heā€™s not using it. +I have a small carbon foot print. We have lots of natural light so we rarely use lights. We also donā€™t run the dishwasher/ laundry often. + +Another concern I have is that my brother can be forgetful. I work out of town ~6 days/month so Iā€™m not there to ā€œmonitorā€ and turn off the AC/ open windows at night. Six days with the AC running constantly will add up. + +Note: I do not mind him running AC when necessary, but it has to be reasonable. I suggested my brother buy an air cooling unit to cool down his room instead of running the AC to cool down the whole house. We are thinking of the Dyson Pure Hot + Cool Air Purifier. + +Any suggestions on getting a cooling unit? Do cooling units save much money? Please give me any/all advice on how to save for our electrical bill šŸ˜Š +Just a PSA that the S&P (SPX) has an IV rank of 12 right now. The options priced at less than 25% of the 52-wk average. This is ridiculously low for a year where we're down over 15%. Premium sellers take caution. + +Edit: Some VIX stats. This is historical data pulled from the CBOE website. [https://www.cboe.com/tradable\_products/vix/vix\_historical\_data/](https://www.cboe.com/tradable_products/vix/vix_historical_data/) + +Historical VIX average: 19.66 (up to 12/1/22) + +median: 17.26 +Ape who was interviewed by "the documentary" regrets interviewing over a year ago. The film makers were not forthright in the narrative of the film (lied and said the film was neutral intent while it was not, portraying retail in a negative manner), and the film makers took selective snippets of interviews, to not accurately portray the interviewees thoughts and comments, but instead to fit the film makers messaging and narrative/agenda. + +&#x200B; + +This serves as a cautionary tale. Apes should not engage with all forms of media (tv, news, films, impromptu social media, magazines/papers, etc). If ape does not control the media outlet or print/edit, then it does not matter what the Apes intent is when giving the interview. Apes can go into the interview with the best of intentions, to try and educate, spread awareness, etc, but none of that matters if someone else is in control of what actually gets published or produced. Do not be naive, and do not take anything the media says at face value (ie, even if guaranteed the film or interview will be "pro retail" -- words are not a guarantee and there is considerable risk the production will not be pro retail.) + +&#x200B; + +Importantly, during and after MOASS, Apes should continue to not engage. During and after MOASS, MSM will attempt to peg market instability and possible crash on Retail. Do not feed them any ammo by providing interviews, etc, of which we ultimately know MSM will spin against Retail. +Hi everyone. About a month ago I created a thread promoting a free 10-week course in Excel VBA that I will be teaching for Cal Poly Pomona starting this week. The course is titled "Introduction to Excel VBA Programming" and approximately 7800 people from around the world have joined the course thus far. +[Link to old thread with course information](http://www.reddit.com/r/finance/comments/2urvd4/free_10week_online_course_in_excel_vba_from_cal/) + +The deadline to enroll is April 5, so you have less than a week to join. [Click here to enroll](https://openeducation.blackboard.com/mooc-catalog/courseDetails/view?course_id=_219_1) + +Paul Nissenson, Assistant Professor, California State Polytechnic University Pomona + +EDIT: The course is being converted into a self-paced course starting August 7, 2015. [Click here](https://openeducation.blackboard.com/mooc-catalog/courseDetails/view?course_id=_219_1) after that date to enroll. +Hi, please excuse me should this post be formatted badly. + +As the title states, I am on a relatively good salary but still struggle to save a meaningful amount. +Iā€™ve been through all my expenses and just canā€™t work out how I could save more or even just break even regularly. Living on my own. + +**Expenses (mthly)** + +Rent: Ā£750 +Iā€™ve been looking to downsize but all flats in my area are Ā£700 and up. Moving farther would possibly make that Ā£600+ but Iā€™d have to commute more too. One option would be getting a flat mate, as I have a small second bed room. + +Council Tax: Ā£165 +Energy: Ā£110 + +Car loan: Ā£145 +Paying it off in one go wouldnā€™t save more money as Iā€™d gave to go in my ISA savings, which would mean Iā€™d lose more on my accumulated interest than Iā€™d save on not paying those Ā£145 anymore (12mths left on loan) +Petrol: Ā£100-150 + +Mobile phone: Ā£45 +Same situation as the car + +Pets incl. insurance: Ā£100 + +ISA: Ā£300 +Gym: Ā£40 +Food: Ā£320 + +Thats roughly Ā£2125 of expenses every month, which leaves me with Ā£175 left to spend freely (toiletries, clothes, social events) + + +Am I ridiculously stupid with money? What am I missing? + + +**UPDATE** + +Thanks everybody for your help. It turns out I am mildly stupid with money. + +- Car loan: Iā€™ll take some of my ISA savings and pay off the loan. Of the monthly Ā£145 I save Iā€™ll put Ā£100 extra on the ISA, making it Ā£400 + +- Food: Iā€™ll be more careful and reduce spending, opening up some room to get my 3 months emergency budget sorted. + +- Housing: Not feeling comfortable with the idea of having a flat mate at the moment. Iā€™ll address the other issues first and see how things are + + +Thanks again! +- 130k salary +- maxing out 401k and roth +- investing in etfs in taxable accounts + +After all my expenses (including unnecessary expenses such as leisure expenses), at the end of every month I still pocket around $2000-2500 that I usually put most into my savings account. I take this home every month even when Iā€™m maxing my 401k and roth. Is there a way I could possibly do something a little bit more risky to potentially generate more side income with this extra money I have every month? +Lighten up yā€™all. Clearly the Gods have a sense of humor and gave us the gift of ā€œ69ā€ ā€œ420ā€ Nice! + +On a serious note, no one knows whatā€™s gonna happen moving forward but if youā€™ve never experienced such a pull back, understand that weā€™ve recovered from harsher dips than this. 2017ā€™s bull market was filled with dips like this. Zoom out and chill out. If it is the beginning of the bear market, then pay close attention and take notes. This isnā€™t the end of crypto as a whole as far as Iā€™m concerned. Magic internet money is here to stay. +Something I've noticed, but it seems a lot of 10X investments tend to be controversial. I guess if everyone recognizes something as a good investment, then it would no longer be 10X as everyone is already buying that thing. + +Basically if you have a lot of people who are dismissive of something who've only researched that thing at a surface level, while on the other hand, you have another group of people who have researched and are thinking a bit deeper and are convinced of its potential, then there's a decent chance of it being a 10X candidate. + +Anyways for me it would be Lemonade. I think what's going on is a textbook example of innovator's dilemma. Lemonade at first entered a very underserved market (renter's insurance) to build brand value and recognition. They're now releasing new insurance products every 6-8 months. + +Meanwhile the incumbents have the luxury of a huge customer set but high expectations of yearly sales. They are still relying on a lot of legacy systems and core capabilities (broker based systems, software that's still running on COBOL). Many shareholders still expect yearly dividends. And so on. + +One interesting quote by the CEO of Lemonade ā€œIronically you have a better chance of creating a product thatā€™s 10x better than 10% better. And in order to do so you have to throw away everything you know and reason from first principlesā€. Right now lemonade is ranked #1 in customer satisfaction for insurance, and they can give out and process claims in 1/10th the time as traditional insurance. +2022 is approaching and so are my mid 20s, lol. I want to make better financial moves to offset my setbacks in my earlier years. I know COL/industry is also a factor but generally what is/was your salary when you were able to max out both your 401K account ($19,500) and personal IRA ($6000)? + +I still make under $40K/yr but I plan on getting that changed significantly within the next year or so. + +Iā€™ve maxed out my IRA for 2021, but to max out my 401K, Iā€™ll need a bigger salary to be able to contribute and maintain my budget for monthly expenses. + +I make about $2000 a month after tax and my expenses/contributions are about $1800/mo. + +Thank you for the help. + +**Edit: Thank you all for your feedback and contributions. I have a much better understanding of where my salary figure should be headed. Of course Iā€™ll keep an eye on the budget and lifestyle creeping, thank you again!!** +It is my belief they are shitting themselves right now. Latest RC tweet. Publishing DRS numbers is a direct shot at the SHF and they know their time is numbered. + +They are now trying to control the narrative...trust us, we told you about the squeeze, trust us, its over, trust us, we fired coke head cramer, trust us, blah, blah, blah. + +Until I hear GME plans from the mind master himself, I plan to keep Buying, Holding, and DRSing...no mater what the price. +Iā€™m a medical student who is applying for residency in both Orthopedic Surgery (relatively ā€œworseā€ lifestyle, but better paid) and Psychiatry (relatively better lifestyle, but commonly earn less). + +Iā€™m intrigued by the FIRE concept, so: do physicians in higher-paying specialties (like Ortho) actually retire earlier? Do people in lower-income but better lifestyle specialties (like Psych) work longer because of less burnout/continued passion for the job, or because they have to work longer to meet their financial goals? + +Of note, I am 35, if thatā€™s a factor. Iā€™ve also noticed, after having several weeks off for interviews, that I donā€™t do well with *not* working/ having a lot of free time, so maybe I donā€™t actually want to retire early? Of course, the highest priority is having something I enjoy and am passionate about everyday, so that even if I do ā€œhaveā€ to work longer, Iā€™d be happy doing so. +Hello everyone, +I am working in Prague, czech republic. I am looking for ways to get suggestions on how to invest in funds, etf or stocks . apart from fee based agents and brokers who charge 3-4% what options do i have? +I have RB invest with Raiffisen bank +My first aim is retirement plan. +Second is 4 years for a probable downpayment for a property. +I have emergency fund. Since i am the only earning member, i have around 10k czk (400 euros) a month to invest. +Any leads or help is appreciated! + +Edit and update: +Finally managed to open account with Trading212 only. +They have some FX fees. Minimal 0.37 for 250 cZk for etf. Working on comparing others options šŸ˜Š +The price of a single share is important! + +Not financial advice. + +Love twall. + +Apes together strong. + +Edit: Thanks for the amazing response to this lil piece of fluff. I reckon that it's important that people understand that this is simply supplemental conjecture for your consideration because we care for eachother. You should probably not post your positions, or coordinate any share sale plan. +Everyone's always talking about SEC and Obama and Trump and Biden and this bill or that bill and blah blah. But does it really matter that much what America does with crypto? Like.. Other countries are adopting crypto as currency, if China, Russia, UK, France, Germany, Canada all adopted some crypto as it's currency and USA bans crypto..... Is it that big of a deal for crypto? I just don't see how it matters in the crypto space if any type of regulation anywhere in the world presses itself on to it. Isn't one of the whole points with crypto is to not be controlled by any one entity? +Iā€™ve only really ever watched Economics Explained and a couple channels that donā€™t rlly specify in economics, but briefly touch on economic subjects. But Iā€™d like to diversify that, because I feel like I learn best via video lecture or video essay formats. + +Iā€™m an econ major, and Iā€™d like to learn more about microeconomics, specifically stuff like consulting, analytics, or just anything thatā€™s useful for someone planning to go into the private side of economics. However, Iā€™m definitely not opposed to learning about macro subjects as well, so feel free to recommend either! +Sorry if this isn't the right sub, but I'm not sure where else to ask. + +I've been taught that Marx beleived that, after the revolution and dictatorship of the proletariat is established, a planned economy would be put in place. I've also been told that, later in this process, people will start working for the common good of the people and the state will "wither away". I wanted to know how this planned economy could continue to operate or even exist if there isn't a state to implement or enforce it. Maybe I'm not understanding the meaning of withering away. + +Thanks a ton +So I've been using Stake ASX since the beta opened up and I've had numerous issues -unable to sell on demand, having negative shares and being locked out by them. + +Multiple times, I've sold stocks only to receive 'negative' shares once I've done it. I'm then unable to buy those stocks again as it then just shows '0' shares and I have no stocks and no money to show whatsoever. If I buy a different stock, my buying power is crippled and I for sure cannot re-enter what I just flipped. This has often occurred at a pivotal moments right before I am able to flip i.e LOT at 0.245 today right before going to 0.26 (+6%). + +To correct this, they often reverse all my trades and sell my stocks to make up the difference. With nothing offered but an email as a form of communication and apology. + +Last year, I had bought LKE for a flip for 0.80c and they sold it for 0.74 to make up the above difference, only for it to moon to a dollar in less than 2 weeks after. They also sold my uranium stocks at the literal weakest point right before it mooned in Jan. They then put a minus $10M hold on my account barring me from making any further transactions cucking me for days. + +After being denied well over 50K in gains, my own 10K capital and having it occur again today without any response from them I have had enough. I'm making this complaint on here today, just for everyone to know that this happens. To not entrust anything more than play money on their stake accounts -the $3 brokerage isn't worth the stress of having any decent sized portfolio in there. I have no regrets leaving the big money in the big banks. Depending on how this outcome is resolved, I am going to seriously consider what legal options I have. Goodluck to everyone else out there. + +https://preview.redd.it/pmxpvynlabf81.png?width=576&format=png&auto=webp&s=c1d91e3c08b233c4dbaa9f8ec5528d1f33e994e0 + +https://preview.redd.it/4m4a7l6dbbf81.png?width=921&format=png&auto=webp&s=5cbab7192af6522b75b2fe8233edc33bc0f1b833 + +Update 1: They called and are reversing my trades and have asked me to sell by noon. They offered $1 off brokerage as compensation. After selling off 46k, I'm now at equity of 133k with nothing to show for it. FUCKING RIP 100k. + +&#x200B; + +https://preview.redd.it/6lkgbkv5nif81.png?width=576&format=png&auto=webp&s=8fa512bce7119e6d7bd65a92beea42467bd919ce + +&#x200B; +First things first ā€” Iā€™m more than happy to verify NW with mods. Feel fortunate to stumble upon such an incredible community but also aware that LARPing has become commonplace, especially on financial forums. So please just let me know. + +TLDR ā€” 24/M in US HCOL city, very grateful to have recently sold my tech startup that I started less than a year ago to a very well known unicorn for a modest number. Currently have 4M in cash post taxes sitting in my bank account and no idea where to invest it. + +Personal background ā€” financially from a low-income family (<30k/year) but blessed to have had a great upbringing and close with family; emotionally, Iā€™d consider myself extremely wealthy. Graduated from top school in the nation on full scholarship. Zero debt. Relatively frugal. Minimal expenses. Donā€™t care much about materialistic items. Interests mainly lie in taking care of my family (current and future), building things society wants, and giving back to younger generations with a heavy emphasis on leveraging technology and education in the future. + +Sub relevance ā€” I donā€™t know anyone personally who created their own wealth, especially near my age, so would really appreciate input from folks with more experience. Spoke to a few financial advisors but frankly none were appealing. Also aware of current markets and difficulty timing bottoms but feels like thereā€™s still additional turbulence ahead (can be wrong of course). + +Have been looking into things like bogleheads, CDs, etc. but again, would be grateful to hear from folks with a similar or higher NW on how they would invest 4M in cash right now while also making 6figs/year? No plans to purchase a home in the foreseeable future either. The goal is to grow the capital as much as possible, slightly aggressively, but within reason. Will likely launch my next startup end of the year as well. + +For those whoā€™d prefer, can DM if easier. Thanks for any responses in advance! + +Update: now verified (thanks mods) and so grateful for all of the awesome advice! Doing a deeper dive into bogleheads this weekend but still struggling between dumping all at once or spreading over a few months. Can see the case for both. Would also really appreciate recommendations on different funds to look at. +The ratio of BTC to ETH is low - hovering around the 0.03 mark. The ratio of ETH price to new wallets is also low by historic standards, and yet the new wallet numbers (in a rising market) are very healthy - see: https://imgur.com/6sMsACb + +Some of this discrepancy is down to the proliferation of new Altcoins, some of which have promised greater-than-Ethereum levels of performance. Despite some heavyweight shilling, however, none of these claims have held up - or at least, the trade volumes and transaction counts do not suggest that Ethereum is about to be toppled as the leading Blockchain OS anytime soon. + +And just look at ETH volume, and new wallets, and active wallets - all at or near all time highs. At some point between now and when ETH 2.0 releases the price will be hauled upwards by these metrics. And once the pre BTC halving rally gets underway - which should coincide with ETH 2.0 - the ETH price will *catapult* upwards if the current market optimism isn't priced in by then. + +In short, ETH is currently trading at a substantial discount, a result of three things: the lingering trauma of last year, the suspicion that one or more competitors might prove a better bet, and the uncertainty surrounding the upgrade to ETH 2.0. + +The trauma is already fading (faster than I thought possible), no other blockchain (except BTC) has anything like the numbers of Ethereum, much less the market liquidity, and all signs are that the system upgrade is on course. +Coinbase CFO Alesia Haas: + +ā€œWe are in a strong capital position. Our public, audited financials confirm that we do not have a liquidity problem ā€“ we largely hold our assets in USD.ā€œ + +ā€œWe have an experienced, dedicated risk team. Members of our team have decades of experience managing trading and credit businesses across a range of economic cycles.ā€œ + +***TRUST US*** + +[COINBASE COIN](https://preview.redd.it/e19wwtvu3q0a1.jpg?width=1114&format=pjpg&auto=webp&s=c7f9f5a2f0f4d975329ca9c21e303578d1a20024) + +***Disclosure: I'm long-term 256.828 ETH, all of which are stake at the current yield of 4.30% APY in ETH rewards.*** [***r/glta\_eth***](https://www.reddit.com/r/glta_eth/) +Hello. I have some questions and concerns regarding the Groww platform. + +1. Earlier the autopay mandate they asked for automatic deductions for SIPs had BSE LTD in the beneficiary name. Now it is a mandate to Groww directly to deduct money. Is this normal ? + +2. The autopay amount is fixed at 1 lakh ā€˜as and when presentedā€™ which cannot be changed unlike some other platforms. Why ? + +3. While withdrawing from mutual funds there is an option to withdraw to Groww wallet ? Why is Groww handling or even has the right to have investorā€™s money in their account if they are selling direct plans ? Kuvera mentions that they never take investorā€™s money to their account, the transactions are strictly between investor and AMC. Also in Groww if you select the option to get money to your bank account it asks for us to give permission to Groww to deposit money in our account. Is this normal ? + +4. There is no information on how to revoke the 1 lakh autopay mandate. Also there is no information on the mandate registration number or anything in case we want to go to bank and revoke the mandate. + +Iā€™m seriously considering abandoning Groww and going to Kuvera. u/lkeshre Can you clarify on these concerns ? +Hello. I have some questions and concerns regarding the Groww platform. + +1. Earlier the autopay mandate they asked for automatic deductions for SIPs had BSE LTD in the beneficiary name. Now it is a mandate to Groww directly to deduct money. Is this normal ? + +2. The autopay amount is fixed at 1 lakh ā€˜as and when presentedā€™ which cannot be changed unlike some other platforms. Why ? + +3. While withdrawing from mutual funds there is an option to withdraw to Groww wallet ? Why is Groww handling or even has the right to have investorā€™s money in their account if they are selling direct plans ? Kuvera mentions that they never take investorā€™s money to their account, the transactions are strictly between investor and AMC. Also in Groww if you select the option to get money to your bank account it asks for us to give permission to Groww to deposit money in our account. Is this normal ? + +4. There is no information on how to revoke the 1 lakh autopay mandate. Also there is no information on the mandate registration number or anything in case we want to go to bank and revoke the mandate. + +Iā€™m seriously considering abandoning Groww and going to Kuvera. u/lkeshre Can you clarify on these concerns ? +I sold a CSP at 96 strike price at $4.30, one month DTE. + +My plan is to wait 2 weeks and sell a second CSP for a similar amount of credit, hopefully taking in $800 a month. + + +Cash on hold for the account would be near 20k. Making my profits (if i land OTM) at about 4%. + + +If I'm ever ITM on expiration I'll sell a covered call contract at hopefully around $4.00 credit and continue wheeling from there. + + +Does 2% a month sound like a very reasonable expectation or am I setting myself up for some disappointment/ major losses? +I think I have a problem. Perhaps an echo chamber will solve it! + +None of this r/frugal canned beans BS - post your salary and your shocking takeaway/eat-out figures for my mental health pls. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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! + +First and for the record, Iā€™m a former Mod. I stepped away several days ago. With that out of the way a few comments/observations. + +1. It took less then a week for a Mod to start self promoting. + +2. Itā€™s now ok for a Mod to dress down members of the sub. This is sarcasm. + +3. The Mods need to police themselves and be called out, if this sub is to survive. + +4. There are some great Mods here but they need full access so they can do what it necessary. + +I will avoid responding to this thread and let others voice their options if they choose before this post magically disappears. + +I hope others will carry on if this does get deleted. + +[Example Here](https://www.reddit.com/r/fatFIRE/comments/fqr90w/reflections_on_rounding_the_corner_on_our_first/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +EDIT: Wow, my Inbox is ready to tap out. You guys/girls are awesome. Iā€™ll get back to all your personal message in due course. To answer the big question/common theme, no coming back isnā€™t for me and yes it was my choice to leave. + +https://www.reuters.com/business/russian-sovereign-bond-payment-received-by-jpmorgan-processed-source-2022-03-17/ + +Russian Federation dollar denominated bonds received thier coupon payment today. Referring to the 2023 & 2046 bonds. + +Despite capital controls and a decree signed by Putin to temporary pay creditors of hostile nations in Russian currency. +Iā€™m not sure if this goes here but I'm filing for financial aid through fasfa but one of the question was "have you ever been homeless since the day July 1, 2021" + +and yes I have been living in RV campsites and motels ever since then + +the reason why I'm not sure l +want to put that I'm homeless is because the situation I finally got myself into is amazing at this motel. + +I don't wanna lose my current situation and I'm scared that if I put I'm homeless that fasfa is either going to try and move me into a different situation or contact the motel owner and trying to get me out + +it would be better than my school trying to get me into one of their housing (no pets, roomates) because I do have a dog and I want to stay with my boyfriend. + +What would be the outcome if I state that yes I am homeless vs no I am not. I am 21 and this is a community college. +$NGMI (Not Gonna Make It) is a brand new BEP-20 token on the Binance Smart Chain network. + +The project logo and idea were inspired by the ever-present Wojak-themed memes around the internet. + +$NGMI features a mechanism nicknamed "The Reverse HoneyPot" by its developers. What does this mean? Well as you know the regular Honeypot means you cannot sell your tokens. However, a REVERSE Honeypot doesn't allow wallets to buy or receive new tokens after selling their stack on a DEX. + +However, more selling is always allowed. + +The project is 3 days old as of writing this. 100% of initial liquidity has been burned (forever). The team is currently focused on spreading the word and collecting the finest Wojak/McDonalds memes around the web. + +Quick TLDR: + +āœ… Verified contract on BSCScan + +āœ… Initial liquidity burned + +āœ… 80k$ market cap + +āœ… 266 holders + +āœ… 1 million supply, no burn, no inflation, if you sell you can't buy back in + +Links below: + +BscScan: https://bscscan.com/token/0x309118620ccd4f5760cb2cc53a7479c1d7246400#balances + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x309118620CCd4F5760CB2cC53a7479c1d7246400 + +Website: + +https://ngmi.one/ + +http://ngmi.finance/ + +Telegram: https://t.me/ngmifinance + +Conctract address: 0x309118620ccd4f5760cb2cc53a7479c1d7246400 + +Thank you for your attention +&#x200B; + +https://preview.redd.it/u0djvrg1pcd91.png?width=1540&format=png&auto=webp&s=b8bf1f4e00d756179ff9f00dd86b69bf6eef7556 + +Good afternoon Reddit community, + +I thought it was time to update my Bank of America thesis. I will be the first to admit that since my first DD I have gotten more than a few things wrong, but the collective community has been great at sharing ideas and correcting things that may not have been accurate. As always nothing I post is financial advice, please be sure to **reference** properly if you are to discuss my post on other forms of media. + +**HYPOTHESIS: The Prime Broker BofA Securities has significant Gamestop Exposure and has put their parent company at risk of a giant short squeeze** + +**BANK OF AMERICA RECAP** + +**What we already know:** + +1. **BofA is the main Prime Broker for Citadel & 1 of 2 for Susquehanna and will be responsible for closing said positions if they cannot close** +2. **BofA had a significant Put position to potentially reset FTD/ use for futures** +3. **No Bank or Hedgefund had more GME-containing ETFs than BofA post squeeze** +4. **BofA's head of client equity solutions left to join Citadel after Jan 2021** +5. **BofA issued a $15 billion dollar bond in April 2021 to raise cash** +6. **Several high-level executives have resigned or have planned to.** +7. **BofA has large security sold not yet purchased position that has grown** + +**HOW WE GOT HERE**When Gamestop was still early in its story (Pre-squeeze), Dr. Burry had sent a letter to the board urging for the purchase of their Common Stock. In this letter, Dr Burry shares this... + +>Notably, as of July 31st, 2019, Bloomberg reports short interest in GameStop stock at 57,226,706 shares ā€“ this is about 63% of the 90,268,940 outstanding GameStop shares at last report. We submit that when share prices are at or near all-time lows and more than 60% of the shares are shorted despite cash levels much higher than the current market capitalization, lack of faith in managementā€™s capital allocation is the default conclusion. + +Now for us, you might not care where you get the stock, but you might; if you are a serious enough stock trader you probably do. Bloomberg wrote a [great article](https://www.bloomberg.com/opinion/articles/2018-03-26/merrill-lynch-s-secret-stock-deals) regarding Merril Lynch's broker-dealer business and discussed how they source client shares. Dr. Burry in particular is one of these people who cares how shares are delivered. When he tracked the share buyback of Gamestop shares in the fall of 2019, he for one was smart to monitor where the shares were sourced from. As seen below you can see a large volume of shares came from "MLCO". MLCO is the identifying code for shares sourced by Bank of America Merril Lynch. (shout out to [u/zirdc](https://www.reddit.com/u/zirdc/) for posting this months ago). + +&#x200B; + +https://preview.redd.it/tfyy2xrepcd91.png?width=816&format=png&auto=webp&s=60352d3201500e26957393a22711b467fee7639b + +You can see that Gamestop was extremely shorted prior to the COVID crash. Given that let's imagine every Hedgefund shorting everything into oblivion when we had the correction in March of 2020 (especially retail brick and mortar). In reality, it was a great play, but because Gamestop was in a very unique position of being already heavily shorted and having significant exposure in so many ETFs made it become a stock unicorn. When we include Ryan Cohen's purchases shirking the float even more the game was over. This doesn't even include the millions of retail investors who like the stock. It would be really interesting to see how Ryan Cohen's 9 Million share purchase was filled. (If you want to drop a hint RC that would be cool). Speaking of ETFs.... + +&#x200B; + +**ETFS** + +Now I wanted to take a moment to share some insight regarding ETFs. Now it has long been theorized that institutional shorting via ETF creation and redemption is how Gamestop has continued to be shorted without relying on Gamestop shares to borrow. At times we can see the ETF **XRT (SPDR S&P Retail ETF)** having short exposure of 1000+ %. Shorting through ETFs can be very expensive but is an alternative strategy to drive the price down. I had first mentioned the ETF GME exposure in my Second DD discussing previous positions in **IJR (iShares Core S&P Small-Cap ETF)** , and **IWM (iShares Russell 2000 ETF)** among several large financial institutions. This in theory could be a clue that they are being used for Gamestop locates and shorting. While I will admit that IJR & IWM were ETFs with large Gamestop exposure it does not indicate any suspicious activity. I would like to thank my pal u/turdfurg23 for his continued digging through everything ETF-related. + +Below is a graph of ETF creation and redemption of ETFs from Vanguard, State Street, and Blackrock that contain GME. You can see the following Authorized Participants have used these GME-related ETFs to their advantage: + +* Merril Lynch Professional Clearing Corp +* Citadel Securities LLC +* Virtu Americas LLC +* Goldman Sachs & Co + +https://preview.redd.it/clw3fkcwpcd91.png?width=1185&format=png&auto=webp&s=ba74ba4575114a9171bc8acdbee48c17acf046ea + +I also wanted to look into some less well-known ETFs that contain GME. If we take a quick look at the ETF **"MEME" (Roundhill Meme ETF)**. we see it is the ETF with the greatest concentration of Gamestop. + +https://preview.redd.it/rin1tu6zpcd91.png?width=1124&format=png&auto=webp&s=96bd8f23ab00374b75128370a5c9271a8af8b9fa + +https://preview.redd.it/bd0t0260qcd91.png?width=1846&format=png&auto=webp&s=60ee8ce281545bd1b1a7ed7a473519caba99edf7 + +The only two Authorized Participants that have used ROUNDHILL MEME are Goldman Sachs and Merril-Lynch Processional Clearing Corporation. + +Below is a snippet from [this article](https://www.bloomberg.com/news/articles/2021-02-25/fund-that-lost-80-of-assets-in-gamestop-drama-faces-new-turmoil#xj4y7vzkg). It's not often we have a mainstream news source confirming the ETF redemption process is a method used to source GME shares. + +https://preview.redd.it/p3j69hr2qcd91.png?width=1284&format=png&auto=webp&s=3de852c4c51e51697a6887ae5e0e85127166d74a + +&#x200B; + +**CLOSING OF PART OF THEIR PRIME BROKERAGE UNIT** + +Below is an article I found from an efinanialcareers.com exclusive. If you blinked you might have missed it. Now admittedly I believe this is only part of their Prime Brokerage Business and only the Europe/Middle East/Africa branch but I find it very interesting that they shut down their Institutional custody business. Now admittedly I am not the most knowledgeable person when it comes to this stuff and any insight would be really appreciated. When I dig into what duties those in the custody business they include the following: + +* Securities settlement +* Safekeeping of assetsĀ (segregated by sub-account if necessary) +* Dividend and interest collection and payment +* Corporate action processing +* Proxy voting as directed +* ProvidingĀ tax reporting information +* Cash management + +If their Prime Broker is no longer holding those assets does that mean they are distancing themselves away from total return swaps? To be honest, if someone who has experience in this stuff could chime in that would be great. + +[https:\/\/www.efinancialcareers-canada.com\/news\/2022\/05\/bank-of-america-closing-prime-custody](https://preview.redd.it/v1ep4n48qcd91.png?width=1244&format=png&auto=webp&s=55ec290f6e2267e5f628297468289641ab2c5200) + +**CME FINE FOR NOT POSTING FUTURES MARGIN & PROVIDING ADEQUATE DISCLOSURE** + +Based on the fine BofA Securities recently received it seems that they have likely missed a collateral call with CME and/or failed to maintain their futures margin requirements. It would also seem that they likely have failed to keep a record of their performance bond calls issued. It has been theorized that we see a quarterly wave due to positions being held in futures and the run-ups due to the settling of the change in the underlying position. + +https://preview.redd.it/40aqr8laqcd91.png?width=998&format=png&auto=webp&s=b7c1ca867e04cb4df764cd242e55926087e8c610 + +**INCREASED LENDING TO ASSET MANAGERS** + +I also thought it was worth mentioning the increased lending to Asset managers and funds by Bank of America. Lending to asset managers is the largest sector for commercial credit exposure and there has been an increase in lending every quarter since Q3 of 2020. The percentage of commercial lending has also increased from 9% in Q3 2020 to 16% in Q2 of 2022. While there is nothing wrong with the increased percentage of lending to asset managers I argue that it is less of a function of wanting to lend but having to lend. + +[From BofA's 2022 Q2 earnings report](https://preview.redd.it/g2pur8ccqcd91.png?width=1796&format=png&auto=webp&s=e4578ee5cec8aec249ed7df5a55b5a0e409cffc6) + +I argue that the idea of being collateral called isn't as much of an issue if the prime broker that is exposed is at risk due to the positions. To my knowledge, Credit Suisse is still famously sitting on 3% of Archegos positions. Hypothetically if forcing the closure of positions would put you at risk, why force the closure? I also found these interesting pieces of writing in the FOMC minutes for their January 26th & June 3rd meetings. These statements are in line with the theory of increased leverage among Hedge funds/Market markers. + +[page 14 of Jan 26th 2022 FOMC minutes https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/fomcminutes20220126.pdf](https://preview.redd.it/62agevydqcd91.png?width=800&format=png&auto=webp&s=e92de64cd331065c880e8344333042b09e0a6b1a) + +[page 5 of June 3rd 2022 FOMC minutes https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/fomcminutes20220504.pdf](https://preview.redd.it/pbboletfqcd91.png?width=682&format=png&auto=webp&s=36dbfcc0b91832879b8efd7f985692c4821b7747) + +**CONCLUSION** +Based on the previous DDs that I have written and the evidence provided above I believe that Bank of America has exposure to Gamestop short positions (Directly and as a PrimeBroker). I don't exactly know when or if (here's hoping) it will ever be realized but I will admit I don't think I would want to be their CEO Brian Moynihan right now. + +Thanks for reading. + +**PREVIOUS DD** + +[Bank of America Quarterly Update. Morgan Stanley has entered the chat](https://www.reddit.com/r/Superstonk/comments/qm9tnr/bank_of_america_quarterly_update_morgan_stanley/) + +[The Bank of America and Gamestop DD update. Swimming in Puts, ETFs, and the new NSFR rules](https://www.reddit.com/r/Superstonk/comments/onrzz9/the_bank_of_america_and_gamestop_dd_update/) + +[The Complete Bank of America Gamestop DD](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) + +[Popcorn stock Delayed Memestock Endgame With Their June Share Offering.](https://www.reddit.com/user/gfountyyc/comments/p3eo1f/popcorn_stock_delayed_memestock_endgame_with/) +Thanks to everyone who gave u/gme_tweets a "Good Bot" or a friendly greeting. After many complaints of spam, I am taking down the bot. It was never my intention to make this sub a less enjoyable place for any (except SHF, you guys suck) + +Maybe someday there will be a place for KennyBot again. As for me, I will stay zen and continue to HODL. + +&#x200B; + +EDIT: Just woke up and it seems there are plenty of people who still want it. After discussion with the mods and reading all the suggestions, here are the modifications I will make before bringing it back: + +\- Only one automatic reply per post + +\- If you'd like to summon it, say "!Ken", "!KenGriffin", "!Kenny", "!KennyLied", etc. The key part is "!Ken" + +\- The bot's message will be much shorter + +&#x200B; + +EDIT 2: We're back +If you want to avoid a capital gain tax on selling a rental property, they say 1031 exchange is a good choice. However, you donā€™t get a cash out as much as compared to selling a house. Although, on 1031 you might grow your investment portfolio and extra cash flow from rent. Is it still better to do 1031 rather than selling to simply avoid the tax? What do you do in the end? You keep exchanging it until you die and give it to beneficiaries? +Is it just me, or has the amount of ā€˜Finfluencersā€™ online reached a stage 5 level of cringe. Between YouTube, Instagram and now tik-tok, itā€™s like an army of ā€˜content creatorsā€™ posting pastel pie charts. Itā€™s all the same stuff too. The same budgeting tips and investment ā€˜advice.ā€™ Clearly this stuff is financial advice as they are pushing specific products but somehow think if they say ā€œthis is not financial adviceā€ they are absolved. Also posting their ā€˜net worthsā€™ as click bait, to highlight their ā€˜investing journeys.ā€™ When all they are actually doing is trying to push affiliate links, or selling excel spreadsheets with budgeting formulas. Some are even trying to sell merchandise. Donā€™t even get me started on the YouTube crew with their silly facial expression thumbnails trying to copy Graham Stephen. They all post the same videos ā€œ3 ETFs to hold for lifeā€ ā€œPassive income ideasā€ ā€œhow to start a side hustle.ā€ I saw one guy on tik-tok explaining compound interest and using a 15% annual rate of return in his example and didnā€™t factor in inflation or tax impacts etc. I have always had the motto of taking advice from people who have done what you want to do. eg, I wouldnā€™t take weight loss advice from an obese person. A lot of these finfluencers have not achieved financial independence or retired early. They are just talking high level concepts and using it as a way to sell T-shirts. +I know this will probably be an unpopular opinion. For years, Iā€™ve heard real estate buyers saying, ā€œThereā€™s no reason NOT to use an agent! Itā€™s free! The seller pays for it!ā€ Aside from the fact that Iā€™ve found single family real estate agents to be mostly unhelpful, the idea that their service fee doesn't affect you is just nonsense. Every additional cost that is added into a transaction causes upward pressure on prices, which means buyers end up paying more for properties. It doesnā€™t matter that the line items at closing say that the seller paid for the agent. The fact that there is a nonsensical and nearly-universally-accepted industry standard that brokers/agents get 6% of nearly every real estate transaction means that properties cost more (and sellers profit less) than they would if this unnecessary add-on cost didnā€™t exist. + +Look ā€“ If feel like you need an agent, more power to you. Use an agent. But donā€™t pretend that the 6% agent fee not costing you money when you purchase real estate. You just happen to be financing the cost instead of paying it all at once like the seller. +Well its happened, the crypto market just experienced the worst crash since 2014, the bubble has burst. [The idiocy of newbies FOMO-ing into anything with low nominal value lead to endless twitter timelines like this](https://i.imgur.com/zDjmRjl.jpg), and now nobody has any idea where the market settles. What do you do now? + +In the following weeks it will be a good time to rethink your investment approach and how you arrive at your decisions. Just buying whatever is shilled on Twitter or Reddit and jumping from one crypto to another isn't going to work like it did these last two months. + +The good news is that we're finally back closer and closer to our long term moving average which is much more healthy for entrants, the bad news is that the fear might continue compounding if outstanding issues are not dealt with. [Tether is the big concern for me personally for reasons I've stated many times](https://np.reddit.com/r/CryptoCurrency/comments/7tg8fn/tether_drama_tether_has_dissolved_relationship/dtco50g/), but some relief in the short term may come if the SEC and CFTC meeting on February 6th goes well. Nobody really knows where the bottom is but I think we're now past the "irrational exhuberance" stage and we're entering a period of more serious inspection where cryptos will actually have to prove themselves as useful. I suspect hype artists like CryptoNick and John McAfee will fall out of favor. + +But perhaps most importantly use this as a learning experience, don't try to point fingers now. The type of dumb behavior that people were engaging in that was rewarded in a bull market (chasing pumps, going all in on a shillcoin, following hype..etc) could only ever lead to what we are experiencing now. Just like so many people jumped on the crypto bandwagon during the bull run, they will just as quickly jump on whatever bandwagon is to be used to blame for the deflation of the bubble. Nobody who pumped money into garbage without any use case will accept that they themselves with their own investing behavior were the real reason for the gross overvaluation of most cryptocurrencies, and the inevitable crash. + +So if you're looking for a fresh start after the massacre (or just want to get in now), here is a guide: + +#Part A: Making a Investment Strategy +--------------------------- + +This is your money, put some effort into investing it with an actual strategy. Some simple yet essential advice that should apply to everyone, regardless of individual strategy: + +1. Slow down and research each crypto that you're buying for at least a week. + +2. Don't buy something just because it has risen. + +3. Don't exit a position just because it has declined. + +4. Invest only as much as you can afford to lose. + +5. Prepare enter and exit strategies in advance. + +First take some time to think about your ROI target, set your hold periods for each position and how much you are actually ready to risk losing. + +**ROI targets** + +A lot of young investors who are in crypto have unrealistic expectations about returns and risk. A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 5-10% ROI in a month to be unexciting. + +But its important to temper your hype and realize why we had this exponential growth in the last year and how unlikely it is that we see 10x returns in the next year. What we saw recently was [Greater Fool Theory](https://en.wikipedia.org/wiki/Greater_fool_theory) in action. Those unexciting returns of 5-10% a month are much more of the norm, and much more healthy for an alternative investment class. + +You can think about setting a target in terms of the market ROI over a relevant holding period and then add or decrease based on your own risk profile. + +**Example: Calculating a 2 year ROI target** + +Lets say you want to hold for 2 years now, how could you set a realistic target to strive for? You could look at a historical 2 year return as a base, preferably during a period similar to what we're facing now. Now that we had a major correction, I think we can look at the two year period starting in 2015 after we had the 2014 crash. To calculate a 2 year CAGR starting in 2015: + +Year | Total Crypto Market Cap +-------|------ +Jan 1, 2015:| $5.5 billion +Jan 1, 2017: | $18 billion + +Compounded annual growth return (CAGR): [(18/5.5)^(1/2)]-1 = 81% + +This annual return rate of 81% comes out to about 4.9% compounded monthly. This may not sound exciting to the lambo moon crowd, but it will keep you grounded in reality. You can aim for a higher return (say 2x of that 81% rate) if you choose to take on more risky propositions. I can't tell you what return target you should set for yourself, but just make sure its not depended on you needing to achieve continual near vertical parabolic price action in small cap shillcoins because that isn't sustainable. + +Once you have a target you can construct your risk profile (low risk vs. high risk category coins) in your portfolio based on your target. + +**Risk Management** + +Everything you buy in crypto is risky, but it still helps to think of these 3 risk categories: + +* Core holdings - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. The Coinbase pairs (Bitcoin, Litecoin and Ethereum) are in this class of risk, and I would also argue Monero. + +* Medium Risk Speculative - These would be cryptos which generally have a working product and niche, but higher risk than Core. Things like ZCash and Ripple, relatively established history but still uncertainty over long term viability. + +* High Risk Speculative - This is anything created within the last few months, ICOs, low caps, shillcoins...etc. Most cryptos are in this category. + +How much risk should you take on? That depends on your own life situation for one, but also it should be proportional to how much expertise you have in both financial analysis and technology. + +The general starting point I would recommend is: + +* 50-70% for newbies in Low Risk Core, then you can go down to 30% as you gains confidence and experience + +* Always try to keep at least a 1/3rd in safe core positions + +* Don't go all in on speculative picks. + +Some more core principles on risk management to consider: + +* Diversify across sectors and rebalance your allocations periodically. + +* Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term. + +* Don't have more than 5-10% of your net worth in crypto. + +* Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing. + +* Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing mode. + +* Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback. This should be part of your entry strategy. + +* Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold. + + +You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm), but also its own inherent risk specific to its own goals (Ri). + +Rt = Rm +Ri + +The market risk is something you cannot avoid, it is essentially the risk that is carried by the entire market over things like regulations. What you can minimize though the Ri, the specific risks with your crypto. That will depend on the team composition, geographic risks (for example Chinese coins like NEO carry regulatory risks specific to China), competition within the space and likelihood of adoption and other factors, which I'll describe in Part 2: Crypto Picking Methodology. + + +**Portfolio Allocation** + +Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. [OnChainFX](http://onchainfx.com/) has some segment categorization but I generally like to bring it down to: + +* Core holdings - BTC, Ethereum, LTC...etc + +* Platform segment - Ethereum, NEO, Ark...etc + +* Privacy segment - Monero, Zcash, PivX..etc + +* Finance/Bank settlement segment - Ripple, Stellar...etc + +* Enterprise Blockchain solutions segment - VeChain, Walton, Factom...etc + +* Promising Tech segment - NANO/Raiblock, Cardano...etc + +Think about your ["Circle of Competence"](https://en.wikipedia.org/wiki/Circle_of_competence), your body of knowledge that allows you to evaluate an investment. Your ability to properly judge risk and potential is going to largely correlated to your understanding of the subject matter. If you don't know anything about how supply chains functions, how can you competently judge whether VeChain or WaltonChain will achieve adoption? If you don't understand anything about the tech when you read the Cardano paper, are you really able to determine how likely it is to be adopted? + +Consider the [historic correlations between your holdings](https://cointrading.ninja/correlation). Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down. + +You should diversify but really shouldn't be in much more than around 12 cryptos, because you simply don't have enough competency to accurately access the risk across every segment and for every type of crypto you come across. If you have over 20 different cryptos in your portfolio you should probably think about consolidating to a few sectors you understand well. + + +#Part B: Crypto Picking Methodology (Due Dilligence) +------------------------------------------ + +Do you struggle on how to fundamentally analyze cryptocurrencies? Here is a 3-step methodology to follow to perform your due dilligence: + +# Step 1: Filtering and Research + +There is so much out there that you can get overwhelmed. The best way to start is to think back to your own portfolio allocation strategy and what you would like to get more off. For example in my view enterprise-focused blockchain solutions will be important in the next few years, and so I look to create a list of various cryptos that are in that segment. + +[Upfolio has brief descriptions of the top 100 cryptos and is filterable by categories](https://www.upfolio.com/100-coins-explained), for example you can click the "Enterprise" category and you have a neat list of VEN, FCT, WTC...etc. + +Once you have a list of potential candidates, its time to read about them: + +* Critically evaluate the website. If it's a cocktail of nonsensical buzzwords, if its unprofessional and poorly made, stay away. Always look for a roadmap, compare to what was actually delivered so far. Always check the team, try to find them on LinkedIn and what they did in the past. + +* Read the whitepaper or business development plan. You should fully understand how this crypto functions and how its trying to create value. If there is no use case or if the use case does not require or benefit from a blockchain, move on. + +* Check the blockchain explorer. How is the token distribution across accounts? Are the big accounts selling? Try to figure out who the whales are (not always easy!) and what the foundation/founder account is based on the initial allocation. + +* Look at the Github repos, does it look empty or is there plenty of activity? + +* Search out the subreddit and look at a few Medium or Steem blogs about the coin. How "shilly" is the community, and how much engagement is there between developer and the community? + +* I would also go through the BitcoinTalk thread and Twitter mentions, judge both the length and quality of the discussion. + +You can actually filter out a lot of scams and bad investments by simply keeping your eye out on the following red flags: + +* allocations that give way too much to the founder + +* guaranteed promises of returns (Bitcooonnneeeect!) + +* vague whitepapers filled with buzzwords + +* vague timelines and no clear use case + +* Github with no useful code and sparse activity + +* a team that is difficult to find information on + +#Step 2: Passing a potential pick through a checklist + +Once you feel fairly confident that a pick is worth analyzing further, run them through a standardized checklist of questions. This is one I use, you can add other questions yourself: + +Crypto Analysis Checklist | +---------| +What is the problem or transactional inefficiency the coin is trying to solve? | +What is the Dev Team like? What is their track record? How are they funded, organized? | +How big is the market they're targeting? | +Who is their competition and what does it do better? | +What is the roadmap they created and how well have they kept to it? | +What current product exists? | +How does the token/coin actually derive value for the holder? Is there a staking mechanism or is it transactional? | +Is there any new tech, and is it informational or governance based? | +Can it be easily copied? | +What are the weaknesses or problems with this crypto? | + +The last question is the most important. + +This is where the riskiness of your crypto is evaluated, the Ri I talked about above. Here you should be able to accurate place the crypto into one of the three risk categories. I also like to run through this checklist of blockchain benefits and consider which specific properties of the blockchain are being used by the specific crypto to provide some increased utility over the current transactional method: + +Benefits of Cryptocurrency | +---------| +Decentralization - no need for a third party to agree or validate transactions. | +Transparency and trust - As blockchain are shared, everyone can see what transactions occur. Useful for something like an online casino. | +Immutability - It is extremely difficult to change a transaction once its been put onto a blockchain | +Distributed availability - The system is spread on thousands of nodes on a P2P network, so its difficult to take the system down. | +Security - cryptographically secured transactions provide integrity | +Simplification and consolidation - a blockchain can serve as a shared ledger in industries where multiple entities previously kept their own data sources | +Quicker Settlement - In the financial industry when we're dealing with post-trade settlement, a blockchain can drastically increase the speed of verification | +Cost - in some cases avoiding a third party verification would drastically reduce costs. | + + +#Step 3: Create a valuation model + +You don't need to get into full modeling or have a financial background. Even a simple model that just tries to derive a valuation through relative terms will put you above most crypto investors. Some simple valuation methods that anyone can do: + +**Probablistic Scenario Valuation** + +This is all about thinking of scenarios and probability, a helpful exercise in itself. For example: Bill Miller, a prominent value investor, [wrote a probabilistic valuation case for Bitcoin in 2015](http://dev.lmminvestments.com/a-value-investors-case-for-bitcoin/). He looked at two possible scenarios for probabalistic valuation: + +1. becoming a store-of-value equal to gold (a $6.4 trillion value), with a .25% probability of occurring +2. replacing payment processors like VISA, MasterCard, etc. (a $350 million dollar value) with a 2.5% probability + +Combining those scenarios would give you the total expected market cap: (0.25% x 6.4 trillion) + (2.5% x 350 million). Divide this by the outstanding supply and you have your valuation. + + +**Metcalfe's Law** + +[Metcalfe's Law](https://en.wikipedia.org/wiki/Metcalfe's_law) which states that the value of a network is proportional to the square of the number of connected users of the system (n^2). So you can compare various currencies based on their market cap and square of active users or traffic. We can alter this to crypto by thinking about it in terms of both users and transactions: + +For example, compare the Coinbase pairs: + +Metric | Bitoin | Ethereum | Litecoin +---------|----------|----------|---------- +Market Cap | $152 Billion | $93 Billion | $7.3 Billion +Daily Transactions (last 24hrs) | 249,851| 1,051,427 | 70,397 +Active Addresses (Peak 1Yr) | 1,132,000 |1,035,000 | 514,000 +Metcalfe Ratio (Transactions Based)| 2.43 | 0.08 | 1.47 +Metcalfe Ratio (Address Based)| 0.12| 0.09 | 0.03 + +Generally the higher the ratio, the higher the valuation given for each address/transaction. + +**Market Cap to Industry comparisons** + +Another easy one is simply looking at the total market for the industry that the coin is supposedly targeting and comparing it to the market cap of the coin. Think of the market cap not only with circulating supply like its shown on CMC but including total supply. For example the total supply for Dentacoin is 1,841,395,638,392, and when multiplied by its price in early January we get a market cap that is actually higher than the entire industry it aims to disrupt: Dentistry. + +**More complex valuation models** + +If you would like to get into more fleshed out models with Excel, I highly recommend Chris Burniske's blog about using Quantity Theory of Money to build an [equivalent of a DCF analysis for crypto](https://medium.com/@cburniske). + +[Here is an Excel file example of OMG done by Nodar Janashia using Chris' model ](https://docs.google.com/spreadsheets/d/1FvYGe0TA-rZR00iAV2PDI-B9zba6GpEG1FodECWJDys/edit). + +You should create multiple scenarios with multiple assumptions, both positive and negative. Have a base scenario and then moderately optimistic/pessimistic and highly optimistic/pessimistic scenario. + +Personally I like to see at least a 50% upward potential before investing from my moderately pessimistic scenario, but you can set your own safety margin. + +The real beneficial thing about modelling isn't even the price or valuation comparisons it spits out, but that it forces you to think about why the coin has value and what your own assumption about the future are. For example the discount rate you apply to the net present utility formula drastically affects the valuation, and it reflects your own assumptions of how risky the crypto is. What exactly would be a reasonable discount rate? What about the digital economy you are assuming for the coin, what levers affects its size and adoption and how likely are your assumptions to come true? You'll be a drastically more intelligent investor if you think about the fundamental variables that give your coin the market cap you think it should hold. + + +#Summing it up +------------------------------------------ + +The time for lambo psychosis is over. But that's no reason to feel down, this is a new day and what many were waiting for. I've put together in one place here how to construct a portfolio allocation (taking into consideration risk and return targets), and how to go through a systematic crypto picking method. I'm won't tell you what to buy, you should always decide that for yourself and DYOR. But as long as you follow a rational and thorough methodology (feel free to modify anything I said above to suit your own needs) you will feel pretty good about your investments, even in times like these. + + +Edit: Also get a [crypto prediction ferret](https://i.imgur.com/ZEJqZHf.jpg). You won't regret it. +I will be receiving $50k+ (unsure of exact number at the moment) within the next 60-90 days. I have $27,500 in student loans at a 5.05% interest rate and havenā€™t been paying due to the freeze on them. I just graduated college in May of 2020 so I havenā€™t had to pay since Iā€™ve graduated. + +Should I just clear my debt? I have no other debt so getting rid of this would make me debt free. I already have an emergency fund of about 4-5 months in my savings, contribute 10% to my companyā€™s 401k (that has a 4% match), and am just about done with maxing out my Roth IRA for the year (at $4,500 contributed). + +I think my plan when receiving this money would be to max out my Roth IRA and then potentially pay off my debt? Or I could put a big chunk of it into index funds and let it sit. All advice is welcome as I am 23 years old and new to the financial planning world. + +Thanks! +**Introduction** + +Recently, the mods of Superstonk conducted a temperature check post regarding DRSGME.org. Although there were a lot of supportive voices, there were also many concerned users. At the time of the post this split sentiment was reflected among the Superstonk mod team as well: some mods were proponents and even donated to the campaign in the beginning, some did not believe the fundraiser belonged on the sub. + +After the DRSGME.org ad campaign launched however, the mod team is now increasingly concerned about the fundraiser, and we feel it is our duty to share these concerns with the community we serve. Just to be clear: weā€™re having doubts about this specific project, not about DRS or Computershare as a whole. Allow us to lay out the reasons why we see the potential for this to head in the wrong direction. + +**Issues for Superstonk** + +First and foremost: The GoFundMe for DRSGME violates subreddit rules. Superstonk is a community of individual investors, not a billboard, not a platform, not a blog. Itā€™s as simple as that. Regardless of where the funding comes from, DRSGME is not considered to be a Superstonk community website or a community project. Although we have made one-time exceptions to the ā€œno self-monetizationā€ rule under specific conditions in the past, the DRSGME website is an ongoing project and thus no longer considered to be a one-time exception. + +[Example of a carefully worded comment to avoid the rules \(but is still an advertisement\)](https://preview.redd.it/7u7q78amme991.png?width=682&format=png&auto=webp&s=37779715cec21cecd164fc2fb77e98424d232d37) + +The project is soliciting funds from the community and thus transparency should be something that is provided on a regular basis, without mods or the community prompting for it. Although the project owners seem to have granted this transparency with funds already received and spent, thereā€™s no way to truly verify this without having full access to all accounts. In addition: anything can be altered at any point in time without mods, the community or donors to the campaign having any say in this decision. + +The project owners asked if the mod team would help to oversee funds, however we rejected this request due to conflict of interest. Managing funds for an external project is not something any of us are comfortable doing and allowing this project on the sub even though it breaks the rules, we are essentially saying ā€œeverything checks out, trust thisā€ and we cannot give these assurances. Furthermore: if something was to backfire, we as a mod team would rightfully be held accountable for it. As it stands right now, we cannot in good conscience give our seal of approval to this project, there are just too many red flags. + +**Feedback** + +**The Fundraising Campaign** + +https://preview.redd.it/3my0oytome991.png?width=966&format=png&auto=webp&s=5e39f39e9baa9822d956492fb2830e6d352b2259 + +&#x200B; + +https://preview.redd.it/1yh8yjnqme991.png?width=703&format=png&auto=webp&s=9b40834b963da9a118a26378b75086fdd367901c + +The website is designed to get engagement on GME and is paid for by individuals who have the common goal of GME performing well. However, nowhere on the website is this stated. There are legalities for not disclosing that there is a financial interest and bias at play regarding this projectā€™s motives. + +As of 7/2/22, the fundraiser has raised nearly $16,000 towards its $50,000 goal, the majority of which have been withdrawn from GoFundMe into a bank account held and controlled by one person. Even with the level of transparency now being provided on the website, this is something that requires ongoing, weekly management to ensure funds are being allocated properly. The statements provided below consist of incomplete screenshots and were only provided after being prompted by members of the mod team multiple times.Ā  + +**Transparency provided so far:** + +https://preview.redd.it/hqwu5o9sme991.png?width=677&format=png&auto=webp&s=7dfe7af104a7108ccef85006b62534f842786873 + +**The Ad Campaign** + +https://preview.redd.it/ahs20getme991.png?width=642&format=png&auto=webp&s=dbb8a9f5953a510630799b749c5a92877e88f9f8 + +Let's take a look at the ad campaigns that are currently appearing on social media platforms like Facebook and Instagram. These campaigns were also intended to appear via Google. However, due to violating Googleā€™s content policy, the ad campaign was suspended. Many of the images being used are also licensed and not credited.Ā  + +The biggest concern with these advertisements is the imagery and language used. These ads depict GME investors as not just violent, but also as an organized movement. We are individual investors that like the stock; these images were chosen by a small group of people. They do not represent the overall community, nor has there been consensus from the subreddit that this is how we should be portrayed. Since this is an external project, we have no way to veto ads that we feel do not represent us, nor is it established that we even *want* any type of representation for us. + +These types of guerilla marketing ads promote scare tactics rather than encouraging people to educate themselves. If you saw any of these ads, and you were not already a part of the Superstonk community, would you deem them trustworthy enough to consider making a financial decision? These ads do not come across as professional and, unfortunately, put the credibility of DRS at risk in their current state. + +A core issue with the DRSGME fundraiser being on Superstonk is that it violates Rule 6: No Self Monetization. The money raised is going to fund the project for the DRSGME team, which is why this does still fall under self-monetization. Another less obvious issue is how the ad campaign is managed. The DRSGME team is using multiple different advertising channels to theoretically garner attention from untapped audiences. This gets into SEO (Search Engine Optimization), keywords, negative keywords, organic ads, paid ads, etc. It's a complicated system to say the least, and many companies and organizations outsource this work to companies that are dedicated to it 24/7. + +To properly allocate the funds raised from Superstonk and other sources (roughly $16,000 USD) would be a priority. With a small budget, every cent matters and your ad campaign would ideally be tweaked to perfection which is no easy task. A big issue with the DRSGME campaign is that they continue to advertise on Superstonk, directly or indirectly, which drives these users to the site, or to google the site and click on paid ads, thus wasting money. + +The DRSGME team has never made it a priority to alert Superstonk users to avoid clicking the paid ads, if they have at all. Every ad clicked is a cost to the advertisers. Among other signals we receive from professionals in the field, this indicates to us that the DRSGME team does not have the experience and care needed to manage users' funds. The situation gets more complicated when you consider at least 2 different types of ad campaigns are taking place, another one being on Facebook. Ideally, Superstonk users would stay away from it completely and keep their budget intact. We have all the information a user would need to DRS their shares on the sub itself, and those with issues can reach out to the community through multiple different channels for help. The data that the DRSGME team receives in the form of summary reports is also skewed by this and would make dialing in their ad campaign nearly impossible. + +**Legality** + +There are many legalities involved with this project that could, collectively, put the sub at risk, not least of all Reddit's own rules where we have highlighted those issues below. + +[Content Policy](https://www.redditinc.com/policies/content-policy) + +**Content Policy, Rule 1: Content Promoting Violence** + +The images and specifically the Guy Fawkes mask contains implicit associations, it wouldn't be a stretch to send a complaint associating that image with violence given its use has been recorded in violent protests around the world. As of 7/3/22, they have discontinued the Guy Fawkes ad, however the damage has still been done. Given DRSGME.org describes itself as a 'movement' it's not a far reach to state such an image is a promotion of potentially violent conduct and/or at least, themes of a violent nature, paid for from donations of users from Superstonk. + +**Content Policy, Rule 2: No Spamming** + +Reddit is being spammed by the website owners which not only is a breach of the content policy, but the user policy too. + +[User Agreement](https://www.redditinc.com/policies/user-agreement/) + +**User Agreement, Rule 3: Your Use of the Services / Commercial Exploitation of the 'Content'** + +The ad which specifically uses a Reddit post is technically owned via license by Reddit itself, given its deployment on its platform. Promoting an ad using Reddit's own licensed content could itself constitute commercial exploitation given this is being used as an advertisement to fund donations for itself, and even GameStop and Computershare by association. + +**User Agreement, Rule 5: Your Content** + +**"By submitting Your Content to the Services, you represent and warrant that you have all rights, power, and authority necessary to grant the rights to Your Content contained within these Terms. Because you alone are responsible for Your Content, you may expose yourself to liability if you post or share Content without all necessary rights."** + +The provenance and authority for use of the advertisement images are unknown and highly unlikely to have been given. Of particular concern is the Burry Twitter post, as it is unlikely either Burry or Twitter gave authority for their content to be used in an advertisement, which could create messy liability down the line from whoever's content is being used in this manner. + +**User Agreement, Rule 6: Third-Party Content, Advertisements, and Promotions** + +**"If you choose to use the Services to conduct a promotion, including a contest or sweepstakes (ā€œPromotionā€), you alone are responsible for conducting the Promotion in compliance with all applicable laws and regulations, including but not limited to creating official rules, offer terms, eligibility requirements, and compliance with applicable laws, rules, and regulations which govern the Promotion (such as licenses, registrations, bonds, and regulatory approval). Your Promotion must state that the Promotion is not sponsored by, endorsed by, or associated with Reddit, and the rules for your Promotion must require each entrant or participant to release Reddit from any liability related to the Promotion."** + +This project is teetering the line of a charitable enterprise and we can't be sure any and all applicable laws relating to this are being met. + +Reddit shifts liability to the user on anything to this effect and by association, the community we are required to 'keep healthy' further to their terms. Notwithstanding the above, if it were the case clauses such as this were sufficient alone to discharge all liability for Reddit, there would be no need for Reddit admins to respond and manage communities in the manner they do. Chief contemporaneous evidence in point is the recent removal of the cease-and-desist letter sent on behalf of Citadel and Kenny removed on our subreddit, lest Reddit itself be considered a platform supporting what (even if I think it to be a tenuous claim) is stated legally to be tortious slander. + +**In addition, the site claims to have a copyright of "DRSGME" which doesn't appear on the register of copyright for the US, which is illegal.** + +**User Agreement, Rule 11: Intellectual Property Breaches** + +This is possibly the biggest legal concern here. The issue is things of this nature take time to shake out but if the intent is 'global' awareness, spreading such awareness via IP breaching images will likely result in ads being bought and paid for and then revoked or suspended, **making the funds used to deploy them essentially obsolete, which results in donations essentially being misappropriated as funds for the advertising platforms if the issues arenā€™t resolved.** + +The fund is currently around $16k in advertising (if all has been used for it) but if this grows with continued outreach, most likely Reddit, Facebook, Instagram, etc. will take notice, as Google already did by suspending them. **This could result in outrage if that which was donated and paid for doesn't achieve the intended outcome, notwithstanding the very valid concerns regarding the imagery and content itself.** + +Collectively and from a community perspective, we as moderators are expected to maintain 'healthy' subreddits and any and all of the above could be factors through which Reddit admins deem our community to be 'unhealthy'. + +The perspective of "we haven't said it's not OK so it's OK", or authorization by omission in action, is a very reasonable viewpoint as there is a positive duty on moderators to actively remove content that doesn't fit the subreddit guidelines or that of Reddit. At the current status quo, this is a huge risk, and the sub could easily be shut down for these multiple violations. + +**TLDR** + +In closing, the moderators of Superstonk have grave concerns about the long-term viability of DRSGME.org content on this subreddit. + +* Supporters of the website are slowly turning this subreddit from one that works to educate and promote GameStop and, by extension, DRS through Computershare, to one that primarily promotes an off-subreddit website. That the website in question educates and promotes DRS does not negate the fact that it is currently aggressively monetized and breaks the subreddit rules. +* This community is not meant to be represented by such a small group. There have been prior instances of this happening in other ways, which was roundly, and rightly, called out by the users of this subreddit. DRSGME should be no different here. +* Allowing the project on Superstonk implies that mods have vouched for the team and project behind it. This is not something we are prepared to do. + +While we donā€™t debate that the website is a great tool for DRS information, these issues are simply unsolvable while retaining DRSGME on this subreddit. Although weā€™ve continuously asked for there to be no posts or comments regarding fundraising on our sub, there is still a string of endless promotion to draw attention to their campaigns, which is really no different than asking for funds. + +Weā€™d be doing the drsgme.org campaign a disservice if we didnā€™t recommend that they create their own dedicated sub for this. A place where they can post transparency reports, ad ideas, traffic stats, as well as provide a direct line of communication for any user questions. Their own dedicated sub could also be used to crowdsource ideas and leverage the talents among their supporters, whether that involves creating art, checking grammar, or enhancing SEO optimization. + +There are numerous legal concerns that we as moderators have no desire to enmesh ourselves or the community with. Furthermore: if we refuse to take appropriate action, we could find our community to be exposed to a potential legal-, financial- or media fallout and we have no desire to take that burden on ourselves. + +**DRSGME.org has commercialized this subreddit and a small group of people have taken it upon themselves to represent a very large community in what we believe is a harmful way. Due to a lack of judgment and a myriad of potential legal issues we will no longer be allowing any mentions of their website unless it is brought up purely as the educational resource it was originally intended to be, a simple and easy to digest guide on how to DRS shares. If this is not followed, we will have no choice but to remove all links and mentions of the site entirely.** +Hey r/financialindependence \-- I'm a long time lurker but first-time poster. After reading tons of threads about the importance of avoiding lifestyle creep, I've finally decided to make moves and cut back on the majority of my expenses. Seeing most of my friends struggle during this economic downtown has made me realize how important financial independence is to me. My goal is to boost my savings rate from \~25% of post-tax income to \~61% of post-tax income and retire... early. (Currently 21 years old) + +Here's a breakdown of my monthly budget reductions: + +\- Rent: $1,375/mo => $890/mo (My new apartment is bigger, just not in the "hip" part of town) + +\- Car Payment: $668/mo => $0/mo (Goodbye, Jaguar. Hello used Toyota.) + +\- Car Insurance: $240/mo => $120/mo (Cheaper car + moving to suburbs) + +\- Food/Alcohol: $900/mo => $400/mo (Eating at home and moving away from the "hip" part of town) + +\- Misc: $200/mo => $0/mo (Buying less stuff, finding cheaper hobbies, etc.) + +**Total Savings: $1,943/mo** + +I'm now able to save/invest a total of **$3,282 per month,** which is just over 61% of my post-tax income. Not only do I feel set for the future, but my life has become much more fulfilling. I've returned to hobbies that are cheaper yet more rewarding like running, lifting weights, and playing guitar. I no longer stress when my apartment isn't in perfect shape or worry about parking my car far away to avoid scratches. My desire to impress others via material goods has pretty much vanished. I feel like my authentic self for the first time in a while. + +Coming from an immigrant background, I always thought the "American Dream" was achieved through material success. Instead, I've realized that the true American Dream is financial stability coupled with a fulfilling career, relationships, and hobbies. I'm glad to have learned this lesson at a younger age than most. +I bought my standard starter home two-bed terrace about 3.5 years ago for Ā£125,000. At the time it was about the best I could afford for my wife and me and convenient for my office (that I may no longer need to go to...) + +My neighbours at that time were a recently retired couple on one side, and an elderly lady on the other side. It was nice and quiet, and while the area at large is not great, we were insulated by being surrounded by quiet and considerate people. + +Fast forward to now, and the old lady has died and her sons have sold the house to a 'developer' for a knock-down Ā£90k owing to its relatively poor condition. The developer has since carved up the house into five bedrooms and some communal space (an HMO). The tenants so far have been a mixed bag, mostly OK, but there is increased noise and the house is starting to look unkempt from the outside (litter and weeds). Basically, it is no longer the quiet spot where we thought we might start our family. I struggle to relax, and every time somebody new moves in I have a period of anxiety where we wait to find out how disruptive they are going to be. + +Other material changes are that I may only have to attend my office twice a week in the future, and it changed locations during the lockdown (the train station near to my current house is no longer an option for travelling to work) anyway. My salary has increased somewhat in the last few years, plus I have some savings (Ā£11k) and some inheritance (Ā£13k). + +My concern is that, due to the HMO next door, my house may have lost some of its value, or may only be of interest to a developer who would want to pay as little as possible. I am extremely anxious about becoming 'stuck' in the property, and I am considering if it might be worth it in the long run to sell at a loss and just use my savings and inheritance to buy a new place (Ā£200k would likely get me what I want and I have the salary and enough in cash for a 10% deposit). I still owe Ā£98k on the mortgage, and I assume I could sell for a little more than that. I was thinking to wait and see what happens after the end of furlough and the transition period and then reassess. + +Am I being stupid? Is the value of my property likely to be unaffected anyway? Am I just being a big NIMBY? + +EDIT: Just want to say thanks for all the incredibly helpful responses. An estate agent is coming round on Wednesday to take a look and I guess that will give us an idea. +So my husband and I were planning on buying a house this year. Preferably before October. We have the down payment as of now, but haven't shopped around for our banker/interest rates yet. (Were planning to middle of March, but we all know what happened with that..) + +Things are going downhill fast in terms of the economy, obviously. Our initial thought was that, after this covid-19 business has died down, interest rates will be low and it will be a buyer's market. But then we worry about selling in 4-6 years. + +What are the possible pros and cons to buying this year? Should we just wait another year? Or will things not be any better in a year and it won't matter? + +I understand this is all speculation and we won't know what's going to happen, but any advice/thoughts on this are appreciated! + +Edit- since it's come up a lot, my income is secure. I have a job that's not going anywhere. We're buying on just my income, too. So husband's income will be towards living expenses/savings. +This just shows technical analysis means absolutely nothing in crypto. + +Like the famous saying "no one knows shit about fuck" + +I still see this year as an absolute win. Ethereum was less than $1k a year ago... Look how well it's done. + +Ethereum's future is bright but technical analysis means shit. +I know, I know, we all *wish* we would have purchased more ETH at $7 (or $20) when we had the chance. + +Stop beating yourself up. + +When you first purchased, you likely calculated your buys based on an amount of money you felt like you could lose without ruining your life(style). Now we're likely trading much higher. That doesn't mean you didn't invest enough. That just means that your hindsight is 20/20. Had a catastrophic bug taken down the platform and you lost it all, you would be wishing you hadn't invested as much. + +Be happy where you are. We're all still very early to this platform and could still potentially lose everything we have invested in it. Hold on tight and quit selling. :) + +Love you all. +**[Article](http://www.sun-sentinel.com/business/tourism/fl-royal-caribbean-avid-cruiser-20160429-story.html)** + + +**[NYT Video](https://www.nytimes.com/video/opinion/100000005798480/the-happiest-guy-in-the-world.html)** + + +**Highlights:** + ++ Mario Salcedo spends 350 days/yr over past 20 years on cruise ships equalling over 950 total cruises. + ++ Salcedo spends about $65,000/yr sailing on a mix of Caribbean cruises and transatlantic crossings, always booking lower-priced interior cabins to keep budget in check. + ++ 700 nights qualify for Royal Caribbeanā€™s highest level. Salcedo has about 6,000. The rewards also include free unlimited internet access, which Salcedo said enables him to do business at sea. + ++ ā€œI spend five to six hours per day running the business in my pool deck office," Salcedo said. "Without internet access, free or otherwise, I would not be able to live on a cruise ship." + ++ On a typical day, Salcedo works from 7 a.m. to 2 p.m. and then closes shop to take a dip in the pool or spend time with friends ā€” ship-based friends, because he's lost touch with most friends on land. + ++ Salcedo, 66, was director of international finance at a multinational corporation in Miami when he quit his job in his mid-40s to fulfill two longtime goals: start his own small business and travel the world. + + +**Discussion:** + + +This is an example of a really unique goal for FIRE and also a rare concrete example of someone who is actually living out their FIRE dream and providing the financial numbers. Using the 4% withdrawal rule, one could achieve the same results as Mario retiring with $1,625,000 in investment assets. This would allow one to withdrawal $65k/yr for an all inclusive cruise covering food, housing, and utilities for one year. One could also supplement with an internet business, similar concept to what Mario is doing. + + +Anyone else have any thoughts on this? + + +https://www.newstatesman.com/society/2022/07/60-per-cent-brits-average-income + +Beyond the headline there's some interesting graphs. + +Snippets below, but worth reading the whole thing. + +- + +> The median household income in the UK (after direct taxes have been deducted) was Ā£31,400 in the financial year ending in 2021, according to the latest figure from the Office for National Statistics. + +- + +> As many as 59 per cent of those with a household income of Ā£80,001-Ā£100,000 say they earn ā€œabout averageā€. + +- + +> We tend to be surrounded by people who are in a similar financial situation, and therefore consider ourselves ā€œthe normā€ no matter what we earn +Buckle up for the following TAā€¦ + +There are about 67M shares remaining in the free float. With just over 200k registered share holders, that is only 335 shares each remaining. In the grand scheme of things this is incredibly small. Needless to say, the end is nigh. + +TLDR: Hedgies are incredibly fucked and sooner than you may think. +Some people might refer to it as the dumb money, or the fomoers. But the reality is the only reason the value of a currency goes up is due the brave people who take the risk to buy in at the riskiest points in the market. + +If these people didn't exist cryptocurrency would never have taken off the ground. And those of us who have accrued life changing monetary value in this market have these people to thanks. + +They are the heroes we need, but they are not the ones most of the market deserves. + +To the brave people who buy at the market top, we salute you, and i pledge to do my best not to let your investment lose too much value in the short term so we can all come out on top on the long term. + +Thank you and good night. +Baby London - Transforming the Binance Smart Chain forever! + +$BabyLondon believes a lack of integrity and honesty has almost destroyed the BSC ecosystem with scam projects. We are going to change that! +We believe all dev teams should be doxxed and available on live cam 24/7 to ensure investors can feel safe from scams. + +Baby London was launched in celebration of the new Ethereum London Hard Fork upgrade. We decided to reward our investors with 10% auto Ethereum reflections. + +Join Baby London and help us make BSC safe again! + +What are our Tokenomics ? + + +āœ…10% Ethereum Rewards + +āœ… 5% Marketing + +āœ… 3% Liquidity + +Why invest in BabyLondon? + +Baby London pioneering integrity and transparency in the BSC ecosystem. Auto claim Ethereum rewards on each transaction in appreciation of the amazing Ethereum London Hard Fork upgrade. +Fully Doxxed devs live on webcam 24/7. +Building a charting and scam project/dev advisory platform. +CG, CMC, Dextools, Coin Telegraph, Yahoo! Finance still to come! + +BabyLondon Information: + +šŸ–„ Website - + +https://www.londonfork.baby/ + +šŸ“„Contract Address - + +0x3dE0a68721BC846E950438071F6AFc1faA42EF3E + +ā˜Žļø Telegram - + +https://t.me/babylondonbsc + +ā˜Žļø Telegram China - + +https://t.me/babylondoncn + +Twitter - + +https://twitter.com/BabyLondonbsc +We are all seeing that Bitcoin is having its moment right now in terms of mainstream penetration and if Ethereum and alts didn't really profit from it I think everyone would say it's not a bad thing for cryptos at large. + +Now that said there are multiple things making me think we are moving toward a massive bullrun (and maybe even a comeback for a flippening) and that is the best moment to invest in ETH (not investment advices, just my personal opinion), I explain myself: + +* Technically we are clearly at the end of a market cycle https://i.imgur.com/NTNXzhT.jpg Some will argue that using an ETH-BTC scale is not pertinent since it's probably the cryptocurrency that emancipated itself the most from BTC by being available against dollars pretty much everywhere. I disagree with that simply because I think there is not enough liquidity in the market for them to have meaningful growth at the same time therefore seeing how they move "against" each other is the best way to judge ETH market. + +* The ICO fad is slowing down. Some of you maybe remember the explosion of crowdfunding in video games during late 2012/early 2013, things like the infamous [OUYA](https://www.youtube.com/watch?v=xTqhyHuKVKA) were born during this era, a developper could basically spend a week producing some artworks, post his project on Kickstarter and he would receive tens or hundreds of thousands of dollars with pretty much nothing but a CV and promises. It ran out of steam after a year mostly because 1) people don't have an infinite amount of money and there isn't an infinite amount of people 2) "backers" waited for the project they invested in to release something before throwing money at someone else 3) the first scandals appeared. For me it's the exact same phenomenon but x10^6 because this time there is a booming tech, potential big financial ROI and so greed is involved, that doesn't mean we will not have thousands of new ICOs but I think they will raise much less and the investors will be much more severe. + +* We will begin to see the first Ethereum projects release their product during Q1 and Q2 (I'm thinking about things like [Kyber](https://blog.kyber.network/kyber-network-progress-update-october-13-2017-fcab6802ca1f) and its Mainnet in February or [iExec](https://imgur.com/a/22hpJ) with its Version 2 in May, things like Microraiden will go live anytime now too, there are plenty other examples but you get the idea. The utility of Ethereum will move from speculative to real in 2018 and I'm convinced it will carry the price up as strongly as partnerships and updates did this year, especially if Ethereum finds its "killer Dapp" like Microsoft Office was to Windows for the average business. + +* Ethereum has relatively low awareness in the public mostly because it's an extremely complex concept to grasp even for people interested by tech, much more than Bitcoin ("e-money" is easier to grasp than "world computer"). Now I don't know if we are yet to see mainstream interest (ie: FOMO like BTC is experiencing) in 2018, I would more say 2019 but in cryptos things often go faster than thought however it's not really such an issue since the professional world is driving the growth and adoption. + +tl;dr for me it's time. + +First time poster + first time investor with very limited means as a graduate student. I split up my portfolio into the following: 60% VTI, 25% VXUS and 15% QQQ. Gonna keep pumping into it whenever I can. +I sold all my positions, most of which were in my 401k, on feb26 and feb27, and rode the train all the way down, and all the way back up. + +I've been waiting on the next shoe to drop, sitting entirely in cash, and it simply won't come. + +I could tell you the 500 reasons why I still think the market will and should drop, but I can't deny that it isn't and there is an increasing chance that it may not (significantly). + +I had drawn a line in the sand, and said that if the market got back to where it is today, that i would be forced to buy back in. The line has been reached and I am now rebuying most of my old positions for basically the exact price I sold them for, while some of my others that im not buying back into are even higher (IT oriented). + +I couldve bought in sooner and locked in some gains, but I wanted to remain greedy. + +Oh well, huge missed opportunity and now I'm fully exposed to this crap market and actually worse off than if I had done nothing. + +You can all laugh at me now. + +I should've just taken my tiny 5% victory last week. +The latest jobs numbers show that there are more job openings in the US than there are people looking for work. If you do anything more than entry-level, minimum-wage work, now is the time to ask for that raise. + +But don't just "[money please](https://giphy.com/gifs/money-parks-and-recreation-mona-lisa-A7WK7FddTxKfu)" your request. You need to show why you deserve it. + +Create a thoughtful argument about the value you produce, expenses you cut, efficiencies you created, or revenue you brought in. Be armed with specific instances of what you've done to help the company, and then make sure you've done your research about your market value. Knowing your realistic upside will make sure you don't get undersold. + +If the company "isn't giving out raises at this time", ask for an early evaluation in 30/60/90 days and get that in writing. If there is still nothing there and you aren't the happiest employee in the world, this is your signal to start looking on the market. +Alright. Let's hear it from all of you. How would you solve this housing crisis? + +Housing in Australia is some of the most unaffordable in the developed world. But neither of the major parties wants to take direct action to tackle. + +Still if you could how would you? +Anyone remember Yowies, those chocolate things with a toy goblin inside like a Kinder Surprise but shitter? + +Yeah well anyway theyā€™re listed on the ASX under the ticker YOW - which is pretty amazing to start with because all they do is sell shit chocolate with toys inside to autistic and shitforbrain kids that pressure their pushover parents. But then I started digging and found out they are also the proud owners of [the worlds greatest website for a listed company](https://yowieworld.com/investors-and-corporate/) which just has links to ASX announcements meshed together with cartoon photos of Yowies like itā€™s a mid 2000ā€™s miniclip game or some shit - thatā€™s how you know theyā€™re a quality company. + +But then I had a look at their financials and this mob actually make money selling these toys to autistics, in the last 4 consecutive quarterlys theyā€™ve been cashflow positive - legitimately making a profit off the autistic instead of burning $2m a quarter digging holes in the ground like 90% of the ASX - so that was a trip. + +Then I looked at their valuation; + +At $.042 per share, their current market cap is $9.1m AUD + +Based on their quarterly which dropped last week, they have $10.5m AUD in cash + +Which means theyā€™re currently trading at 1.4 million BELOW their total cash amount, and these fucking carton goblins are actually profitable. + +Is this the biggest layup on the ASX? Have the goblins swindled the market by tricking everyone into thinking theyā€™re a joke company? Have I missed something? +So I've been a buy and hold for a long time, first in spy and now have about $200k in qqq (RRSP and TFSA). + +I was thinking instead of 200k on qqqs just get in the money leaps on qqqs (to mirror the performance). That would cost roughly 30k leaving me with $170k in cash. + +As far as I know if qqqs go up I'm all good same as just holding ETFs. If there is a crash or correction I'll have $170k to buy when it's lower/going down. I believe I can also roll out leaps to later date to avoid them expiring worthless and just wait it out. + +To counter leaps decay I can sell out of the money calls or strangle Q's in my margin account. + +Thoughts or ideas? Will a leap be manageable that way? Or with a crash it will just go to 0 and can't be salvaged? +I've noticed this on three different stocks. + +Let's take three GME calls with about 0.25 delta, 1/13, 1/20, and 1/27. 1/20 has way more volume and open interest than 1/13 and 1/27. My assumption is that three calls with similar delta would make a fair comparison. But not just 0.25 delta, any delta, generally all the 1/20 OTM calls have more volume. + +&#x200B; + +https://preview.redd.it/aukb7umx3s7a1.png?width=914&format=png&auto=webp&s=a0a7eb3d5f6c245960f18424461f6970cb67b471 + +&#x200B; + +https://preview.redd.it/q0mf9c204s7a1.png?width=917&format=png&auto=webp&s=664065a9c7109316bef141bfe413d198dd5702ec + +&#x200B; + +https://preview.redd.it/qaga61r14s7a1.png?width=917&format=png&auto=webp&s=7157414fbe6739932c9b456266bea10a7f7cd23a + +&#x200B; + +Noticed this on some other stocks too. On a less liquid ticker, 1/13 and 1/27 OTM calls barely have any volume, while 1/20 OTM calls have decent volume. + +Also I don't understand why there are so many more open positions on 1/20 options than 1/13 and 1/27. + +&#x200B; + +Is there a reason? And how does this help our trading? + +Here is my guess on a very rudimentary level: + +basically 1/20 are favored by most people because 1month DTE is kind of a magic number? 1/13 people have already finished their trades at this point, or they don't like that the gamma is too high now. And 1/27 is too far out and people haven't even started their positions yet? +The price of basic necessities like food and gas keeps going up while wages stay the same. How long will it be before a large percentage of the population simply can't afford to eat? + +My whole life inflation has gone up every year but it's never felt this bad. So many people I know have to have side hustles in addition to regular full-time jobs in order to make it in today's world. Meanwhile the expression, "the rich get richer and the poor get poorer" has never been more true. + +I'm honestly curious where this will end. +Know a few people that do this on 3-4 different boards making upwards to $250k+/yr and it usually comes with equity. + +Doesnā€™t sound so bad for taking a few calls a month along with quarterly voting. For anyone with experience how much work is it actually? +I'm curious to see if anyone here got into ETH at the ICO. I'd imagine there are a few, but I also feel like if they held until 2017 they have no need to trade as they'd likely be set for life. Just spitballin here. Also not asking for people to out themselves as holders, as always never disclose how much crypto you have publicly. +[(Apes, this is a continuation of Part 3, please find the first half of Part 3 here)](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) + +# The Money Illusion + +[In 2008](https://krugman.blogs.nytimes.com/2010/08/11/debt-in-the-30s/), we were at the end of a major debt supercycle. The frenzied mortgage lending and securitization in the financial sector, along with massive consumer credit borrowing, had set the U.S. up for a major crisis. In relative terms, we were at a 27% HIGHER total debt to GDP ratio than the Great Depression. + +These massive debt loads were coming home to roost, manifesting first as a crisis in subprime but then quickly moving to prime mortgages, corporate debt markets, money markets, and even the consumer credit markets. As discussed in Part 2, NY Fed Pres Tim Geitner stated that during the darkest days of 2008 the inter-bank lending market was freezing up, and we were ā€œ[days away from the ATMs not working](https://www.youtube.com/watch?v=QozGSS7QY_U)ā€. + +&#x200B; + +[Total US \(Public+Private\) Debt to GDP](https://preview.redd.it/rfxp8w0v18a71.png?width=482&format=png&auto=webp&s=bdd16cb4fcc7a4d1fd966a5be51e838a07dc2edd) + +&#x200B; + +But, this didnā€™t happen. Ben Bernanke, the Chairman of the Federal Reserve, was a self avowed student of the Great Depression- and was determined not to let it happen again. He, along with Treasury Secretary Hank Paulson (Former CEO of Goldman Sachs) and Tim Geitner, created new lending facilities and MBS purchase programs in order to swallow the massive amounts of toxic assets the system had created. + +Paulson and Bernanke technically had no legal authority to create these programs, but in a crisis, all caution goes out the window. [TARP](https://www.investopedia.com/terms/t/troubled-asset-relief-program-tarp.asp) and other programs authorized by the Treasury bought billions of dollars of MBS, funded by T-bond issuances. This chart shows [US Govt Debt as a % of GDP through today](https://fred.stlouisfed.org/series/GFDEGDQ188S): (notice the spike in debt during and after 2008) + +[US Government Debt To GDP](https://preview.redd.it/ujn9zuyw18a71.png?width=625&format=png&auto=webp&s=0ae7d013a9908e1a43cf2d3be8e3a2646f4ac06a) + +**The US borrowed heavily- TARP alone was authorized for $700 billion. The Treasury did not have the funds to support this so it issued billions of dollars of T-Bonds.** Banks, hedge funds, other governments, and the Fed all bought these bonds en masse. + +**Remember, only the Treasury has the ability to SPEND, and only the Fed has the ability to LEND/PRINT.** The Fed was created as a private institution to ā€œprotectā€ the government from reckless money-printing. The [Primary Dealers](https://www.investopedia.com/terms/p/primarydealer.asp) (banks approved to trade directly with the Govt) buy Govt bonds from the US Treasury, and turn around and sell these bonds to the Fed or other third parties. If youā€™re confused about how the system works, I recommend watching [this video on how the financial system functions](https://www.youtube.com/watch?v=iFDe5kUUyT0&list=PLF_lD6tTQahfNDvjbfl2OJQWxHBSDYUcA&index=7). + +In the equity markets, as we started bottoming in the first quarter of 2009, hedge funds, banks, and family offices began loading up on margin debt again. This renewed confidence in the banking system and overall lending capacity began [pushing equity markets](https://www.advisorperspectives.com/dshort/updates/2021/06/16/margin-debt-and-the-market-up-1-7-in-may-continues-record-trend) back up. + +&#x200B; + +[Margin Debt and Stock Market Rally](https://preview.redd.it/pbrzfxpz18a71.png?width=638&format=png&auto=webp&s=55dd56a772f393a4df2969eb153c93f97c37a581) + +Further stabilizing the markets was the Federal Reserve with their massive Quantitative Easing program. In 2008, the [Federal Reserveā€™s Balance Sheet ballooned](https://fred.stlouisfed.org/series/WALCL)\- assets (Treasuries and MBS) grew from $880 Billion pre-crisis, to $2 Trillion immediately after, and eventually over $4T by 2014. Many economists, particularly those with a libertarian bent, such as Peter Schiff, immediately decried this reckless behavior and predicted immediate hyper-inflation as early as 2011. + +[Federal Reserve Balance Sheet](https://preview.redd.it/c3xymxf228a71.png?width=617&format=png&auto=webp&s=6022846b09f94c79188be23c66859b95a342063b) + +When the Fed buys assets, it is completely different from any other institution buying. Pension plans or mutual funds use the savings of the investors of the fund. **Because that money came either from working, or from other investments, it represents NO net increase in money supply.** The money they received HAD to come from someone else, for a good/product/service/asset they created or provided. + +However, the Fed has no taxing authority, no savings, no funds to speak of at all- **EVERYTHING the Fed buys it purchases through money it PRINTS**. **Thus, Fed Balance Sheet expansion=money printing. The Fed printed $2T in the two years following 2008.** + +**This rampant money printing rightly worried experts and pundits in the media- but the inflation they feared never came. They were flat out WRONG. Why?** + +**Most of the new money that was printed went directly into the banking system**. Lyn Alden describes it brilliantly- + +ā€œLeading into the financial crisis, only about 13% of bank reserve assets consisted of cash (3%) and Treasury securities (10%). The rest of their assets were invested in loans and riskier securities. This was also at a time when household debt to GDP reached a record high, as consumers were caught up in the housing bubble. + +That over-leveraged bank situation hit a climax into the 2008/2009 crisis, coinciding with record high debt-to-GDP among households, and was the apex of the long-term private (non-federal) debt cycle. **When banks are that leveraged with very little cash reserves, even a 3% loss in assets results in insolvency.** And thatā€™s what happened; the banking system as a whole hit a peak total loan charge-off rate of over 3%, and it resulted in a widespread banking crisisā€ (I can't link source, it keeps getting the post taken down- I will post it in comments). + +[Bank Recapitalization](https://preview.redd.it/h2e3zan728a71.png?width=621&format=png&auto=webp&s=21227fa9075245823c0e463a9626cf0bd5ba924e) + +**Thus, the new money went to recapitalize banks and shore up their balance sheets to defend them from bankruptcy- it stayed in untouchable bank reserves, and never entered circulation.** + +The money that didnā€™t go to repair bank balance sheets flowed directly into the markets - Letā€™s walk through it. + +There are two different economies-[ the real economy, and the financial economy. ](https://www.mdpi.com/1911-8074/14/3/129/htm)**The tidal wave of new money the Fed was creating did not cause inflation (in the traditional sense), because the money did not flow into the real economy- the goods, products and services that everyone consumes on a daily basis.** The money instead flowed into the Financial economy- bond markets, stock markets, private equity funds, commodities, Forex markets, etc. + +[Financial Economy vs Real Economy](https://preview.redd.it/b8v6b23a28a71.png?width=635&format=png&auto=webp&s=60f2d1ae42bdad9f98b92f03ebe1b7903c879b88) + +When you give a bank $100M, it doesn't go out and buy $100M worth of Big Macs and Kleenex- the bank puts these funds into investments, generally either in the form of loans or in the form of equities or equity derivatives. Thus, the funds that flowed into the banks are stored up almost exclusively in the financial system, or get pushed into loans to consumers. + +ā€œWait a second!ā€- you say. ā€œThe Fed printed money to buy T-Bonds- The Treasury usually spends funds that go into the real economy-- so THAT should have caused inflation, right?ā€ + +Yes, this is typically what happens. **But, during and after the 2008 financial crisis the majority of Treasury expenditures went to programs that were stabilizing the financial system (TARP+ TAF+ TLGP+ Others). So, the money that would have been spent by govt agencies in the real economy** [**instead just flowed back to banks and financial institutions**](https://www.stlouisfed.org/publications/regional-economist/january-2011/a-closer-look-brassistance-programs-in-the-wake-of-the-crisis)**.** + +Typically in a recession the Treasury will increase spending to cushion the blow to workers- and in 2009 they did extend a few unemployment benefits. But, by and large, Congress authorized few benefit programs for workers, and the [average time on the benefit decreased after a slight bump in 2009](https://www.nytimes.com/2021/01/21/business/economy/unemployment-insurance.html). + +[Average Time on Benefit](https://preview.redd.it/345yskvc28a71.png?width=607&format=png&auto=webp&s=09c1baf172e55f5753b5542006f970280e3a7725) + +Thus, the amount of freshly-printed money that reached the real economy was minimal, and whatever money did reach it largely acted to counteract deflationary forces- it wasnā€™t enough to actually induce inflation. The government did little to stop foreclosures, or provide aid to small businesses. [Unemployment spiked](https://www.macrotrends.net/1377/u6-unemployment-rate), and due to the [Phillips Curve Principle](https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/#:~:text=The%20Phillips%20curve%20shows%20the%20relationship%20between%20inflation%20and%20unemployment,run%20Phillips%20curve%20was%20stable.) (covered in Pt 1), this put a dampening effect on inflation. + +[Unemployment Rates](https://preview.redd.it/9dxis4se28a71.png?width=612&format=png&auto=webp&s=d9a66852c917d5a025c00f46900e4d16a4a180c4) + +The funds the Federal Reserve had created, therefore, created no inflation in the real economy- instead they [flowed to the financial economy](https://twitter.com/Mayhem4Markets/status/1411139236435275779?s=20) and inflated financial assets. This started off the [largest and longest bull market run in U.S. Stock market history](https://www.investopedia.com/market-milestones-as-the-bull-market-turns-10-4588903)\- easily beating emerging and other developed countriesā€™ equity markets. + +[Massive US Stock Market Rally](https://preview.redd.it/mpg5b29h28a71.png?width=620&format=png&auto=webp&s=5f5621475cd0ecbd06d8897592ca085854683fc1) + +[Keynesian economists](https://www.investopedia.com/terms/k/keynesianeconomics.asp#:~:text=Keynesian%20economics%20is%20a%20macroeconomic,output%2C%20employment%2C%20and%20inflation.&text=Based%20on%20his%20theory%2C%20Keynes,economy%20out%20of%20the%20depression.) lauded this as an accomplishment- **they believed they were creating what is called a ā€œ**[**Wealth Effect**](https://www.investopedia.com/terms/w/wealtheffect.asp)**ā€ - a theory that stated that as peopleā€™s financial wealth increased, they would be induced to do more spending and investment- thus, by propping up the stock market, they would stimulate the real economy. This is awfully convenient for the rich-** [**the top 10% own 85% of the equity markets,**](https://www.cnbc.com/2020/08/27/wealth-gap-grows-as-rising-corporate-profits-boost-stock-holdings-controlled-by-richest-households.html) **and thus have seen their wealth balloon by over 186% while growth for everyone else stagnated.** + +Ironically this theory has it exactly backwards- real economic growth should drive the stock market, not the other way around. But, convinced of their theories, economic policymakers continued to pump ever increasing sums into the financial system. + +**When you divide stock market performance by the Fedā€™s Balance sheet, you see that there has been basically NO real growth since 2008.** + +&#x200B; + +[The Rally is an Illusion](https://preview.redd.it/7locky7n28a71.png?width=740&format=png&auto=webp&s=3c21adbd363d10699e28ae34f0d4dc4b09a9e777) + +**The entire ā€œrallyā€ we have experienced for the past 12 years has been nothing but an illusion- it is simply the result of vast money inflows into the financial system.** Banks and financial institutions will do everything they can to convince you that the high stock market valuations are justified by fundamental growth. + +This is wrong- these valuations are NOT justified. Insane levels of money printing and debt leverage have created extremely dislocated equity markets. For example, [Square (SQ)](https://www.nasdaq.com/market-activity/stocks/sq) has a forward [PE ratio](https://www.investopedia.com/terms/p/price-earningsratio.asp) of 499.87- it currently doesn't pay a dividend, but letā€™s assume it paid a 3% [dividend payout ratio ](https://www.investopedia.com/terms/d/dividendpayoutratio.asp)(which is rare for tech stocks) - **if that were the case, it would take 14,996 YEARS for the dividends to pay pack the price of ONE SHARE. (449.87/0.03).** + +To summarize, see [this image](https://www.reddit.com/r/Superstonk/comments/njmqe2/were_approaching_the_endgame/) from a post I made a month back- **all the warning lights are blinking red. The markets are at the extreme end of the range by almost every valuation metric- and no one seems to care.** + +[Summary of Recent Warnings](https://preview.redd.it/vpw34xbs28a71.png?width=409&format=png&auto=webp&s=9ed5bd8caef1db4d622b2b3532425d130cfb5575) + +The markets are slowly being ā€œwalked upā€ every day. Today, the **ultimate price insensitive buyer (the Fed)** is now plowing $120B a month into Treasuries and MBS, and the Primary Dealers now have to turn around and put their money somewhere. **The bond market is already a trap with 2% yields, and 5% inflation. Thereā€™s no more profit potential there, so these institutions are forced to buy equities if they want any returns.** [**The Fed is killing whatever is left of price discovery.**](https://twitter.com/NorthmanTrader/status/1410296365012459521?s=20) + +[SPX grinding higher daily](https://preview.redd.it/pz00pg3w28a71.png?width=736&format=png&auto=webp&s=2149d1cc11b5cd1174492382ce230c1f566d7979) + +Four billion dollars or so a day is being pumped into the system- and going straight to the stock markets. + +Further, to stimulate growth in the real economy, [policymakers dropped interest rates to near 0% in late 2008 ](https://fred.stlouisfed.org/series/EFFR)to induce bank lending to get consumers to borrow and spend again. ([70% of our economy is consumption](https://fred.stlouisfed.org/series/DPCERE1Q156NBEA) due to the factors discussed in Part 1). + +This did create massive loan demand- basically every sector of the US economy began borrowing en masse. The Fed was able to ā€œreflateā€ the bubble and allow the economy to survive on debt financing to ā€œre-invigorate the economyā€. **Fast-forward to today, and a decade of pinning rates to the zero-bound has us breaking records in terms of debt loads:** + +[Student Loan Debt](https://educationdata.org/student-loan-debt-statistics): + +[Student Loan Debt](https://preview.redd.it/2kzhfp0y28a71.png?width=604&format=png&auto=webp&s=a9db6ae3ff7854e90e32f27a2aed7e6601ae625a) + +[Corporate Debt:](https://www.washingtonpost.com/business/2020/03/10/coronavirus-markets-economy-corporate-debt/) + +[Corporate Debt to GDP](https://preview.redd.it/t59yd1e038a71.png?width=615&format=png&auto=webp&s=93d47f8d063b09e0f329d737688fcea732fe4582) + +[Consumer Credit Card Debt](https://wolfstreet.com/2020/08/09/the-state-of-the-american-debt-slaves-q2-2020-the-credit-card-phenomenon/): + +[Consumer Credit as &#37; of GDP](https://preview.redd.it/2of0cde238a71.png?width=422&format=png&auto=webp&s=6d04f2821f8e90fb9e75fe0a3023b8bae50fe5f9) + +&#x200B; + +[Auto Loan Debt](https://fred.stlouisfed.org/series/MVLOAS). + +[Auto Loans](https://preview.redd.it/32a1dkwc48a71.png?width=599&format=png&auto=webp&s=8b9c9816a63f3322686d0fdaaba9e8271426b0f5) + +I could go on and on, but you get the point. Now, the entire system is overleveraged- the cancer has spread, and it has infected virtually every single sector of the economy. + +**People keep saying that we ā€œkicked the canā€ of 2008 down the road. This is WRONG. We kicked the can UP THE STAIRS- meaning, we not only delayed the problem, but made sure it would get WORSE, since we borrowed MORE to paper over the old debts and worthless securities the system had created.** + +**A fascinating aspect of our recent financial history is that** [**the bailouts are exponentially growing**](https://www.youtube.com/watch?v=GT1WqIkg9es&t=56s)**- this is due to the simple fact that the entity giving the bailout has to have a balance sheet multiples larger than the firm receiving the bailout, and government guarantees of banks induce reckless speculation.** For example, to bailout a bank with $10B in mark-to-market losses, you need a bank with a $20 or $30B capital surplus, to absorb the loss and keep the depositors and creditors satisfied that the bank giving the bailout wonā€™t go under. + +In [1998, a hedge fund called LTCM ](https://www.thebalance.com/long-term-capital-crisis-3306240)was near collapse- [it had leveraged itself over 25-1](https://sites.duke.edu/djepapers/files/2016/08/prabhu.pdf), using complex algorithms made by Nobel Prize winning economists to predict bond prices. They had made massive derivative bets buying Russian bonds (among other things) - and when the Russian government defaulted in August 1998, their positions began to unravel. + +The massive debt and derivative exposure they had created was threatening to pull several large banks down with it. The Fed stepped in during September to organize a $3.5 Billion bailout, funded by 12 large banks. **According to James Rickards, General Counsel of the LTCM Bailout- the US equity and bond markets were ā€œ**[**close to being completely shut down**](https://www.youtube.com/watch?v=P4_1pwsm5LY&list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc&index=8)**ā€ during the worst of that crisis. (start at 16:30)** + +In 2008, the entire US financial system was nearing collapse and desperately needed a bailout. A massive bank run had begun. Congress stepped up and provided- in the end spending over [$498 Billion of taxpayer funds](https://mitsloan.mit.edu/ideas-made-to-matter/heres-how-much-2008-bailouts-really-cost). However, the Fed also provided a bailout (though QE), eventually [buying over $1.7 Trillion of MBS](https://fred.stlouisfed.org/series/WSHOMCB). + +Since the Great Financial Crisis, the banking system debt crisis has now become a government debt crisis, and indeed an economic debt crisis- **and this debt has spread worldwide.** Equity and bond markets have continued to march up, despite fundamentals. This new financial paradigm was rightly termed ā€œ[The Everything Bubble](https://www.amazon.com/dp/B0794RLM8R/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1)ā€ + +[Total World Debt](https://preview.redd.it/b01f8f4638a71.png?width=601&format=png&auto=webp&s=d91ead1be1711bb17666e242bde41e1b9d0fbc5f) + +[**Total (Govt+Private) Global Debt**](https://www.axios.com/global-debt-gdp-898959ed-f96a-4c4d-85a3-5d3cc419631f.html) **now stands at staggering $281 Trillion, or 356% of GDP.** Weā€™ve never been here before- we are now navigating uncharted waters. The next bailout will have to be bigger- a LOT bigger. + +# Avalanches + +[Avalanche](https://preview.redd.it/mglsuam938a71.png?width=622&format=png&auto=webp&s=21330913e64427c381233b2f82f3f285d99f0610) + +Imagine a snowfield on an alpine slope, above a small town. A few inches of snow falls. Everything is fine. More snow falls. Still nothing happens. A blizzard moves in. A day later, the snowfield reaches critical mass. Then, a disturbance happens- it could be a deer foraging for food, or a hapless skier exploring the backcountry. The snow starts sliding, pushing the snow below it. Positive feedback loops start to engage. **The field begins to slide- now an avalanche has begun. The town is wiped out.** + +The financial crisis was the beginning of a debt avalanche- itā€™s likely that over 70% of the major banks, mortgage brokers, and other financial institutions would have gone bankrupt, superseding the Great Depression-era record of 30%. Thousands of private and public companies would have gone bankrupt. Real estate and equity markets would have entered a freefall lasting for years, and unemployment would likely have spiked past 30%, bringing back the soup lines not seen since 1936. + +Instead, policymakers kicked the can up the stairs- they issued massive amounts of government debt to paper over the 2008 crisis, and incentivized excessive borrowing in the private sector. The fundamental factors that caused the crisis (unregulated derivatives, bank combinations, excessive leverage, lack of oversight) were never resolved. **As** [u/Criand](https://www.reddit.com/u/Criand/) **so elegantly puts it, 2008 never ended. Now, with**[ **US Government Debt standing at over $28 Trillion**](https://fred.stlouisfed.org/series/GFDEBTN)**, there are only tough choices ahead. We will soon reach a point where the interest payments alone on the debt supersede all US Tax Revenues- when that happens, we will have traveled beyond the event horizon-** [**there will be no coming back**](https://www.cbo.gov/publication/56598)**. The debt will be IMPOSSIBLE to pay off.** (This is according to the governments own projections!)**šŸ“·** + +[US Government Debt Projection](https://preview.redd.it/rn0jnbzg38a71.png?width=795&format=png&auto=webp&s=28f68b2a6a282b563a62669e90c820792a9e7a5a) + +**The US Government continues to borrow- running a staggering**[ **$2.1 Trillion deficits for just the first half of 2021**](https://bipartisanpolicy.org/report/deficit-tracker/)**. There is no end in sight. The Biden Administration is pushing for another $**[**1.2 Trillion in infrastructure spending**](https://www.whitehouse.gov/briefing-room/statements-releases/2021/06/24/fact-sheet-president-biden-announces-support-for-the-bipartisan-infrastructure-framework/) **this year ON TOP of the already massive deficits. Some politicians are demanding that it be more.** + +**Day by day, we are adding snow to the mountains above our village. When will end is anyoneā€™s guess, but borrowing more will only make the end worse.** + +# Smoothbrain Overview: + +* Through the magic of Fractional Reserve banking, institutions can loan out much more debt than cash that actually exists. This increases systemic risk. +* As a result, over 90% of all capital created is in the form of debt. This supercharges debt cycles and can cause massive bank failures. +* When debt super-cycles crest, and begin the march downwards, massive deleveraging and defaults begin. If the banking system is weak, bank runs begin. (1930s) +* We were hitting another end of the 80 yr debt cycle in 2008 (1929-2008 (79yrs)). We never de-leveraged the system. **Instead, we re-leveraged EVERYTHING even MORE.** +* The Government and the Fed swept in and bailed out the banks. Now the Federal Government is deeply in debt to the[ tune of $28 Trillion](https://fred.stlouisfed.org/series/GFDEBTN). +* **The trillions printed by the Fed were almost exclusively routed to the financial system- creating a new bubble in every single asset class,** larger and even more widespread than the 2008 bubble. +* **We never resolved 2008. We only kicked the can up the stairs.** The Derivatives monster from Pt 2, along with a massive debt avalanche, will come back with a vengeance. +* Almost every sector of the US economy, and indeed the world economy, is now greatly overleveraged. **Global Total Debt to GDP broke past 350% during Covid**. +* Options are running out for policymakers. Debt borrowing and money-printing cannot continue forever. + +# Conclusion: + +**The debt crisis will return, but this time, it will be the financial system, US government, and indeed the ENTIRE world economy that needs a bailout- and who has a big enough balance sheet to absorb that? The only answer is the ones with an infinite balance sheet- the Central Banks.** + +The idea that anyone can borrow forever, or print money forever, with no consequences, defies basic financial logic. **Impossible Objects cannot exist forever.** History shows deadly consequences for the nations that venture down either path. The United States is no exception. + +**The Fed has already tried to escape this trap in 2018. It failed. Sovereign creditors are losing faith in the US Treasury, and have been since 2015. The walls are closing in, and the ultimate decision must be made. (More on this in Pt 4)** + +**The avalanche is coming either way- and we only have two choices. Either we allow ourselves to be buried under a mountain of hyper-deflation, creating a new Great Depression, frozen credit and equity markets, and massive bank failures- or, we burn our way out, using the inferno of money-printing and hyper-inflation.** + +&#x200B; + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART FOUR (SERIES FINALE) ā€œAT WORLDā€™S ENDā€ + +&#x200B; + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. Hyperinflation is GOOD FOR GME--- DEBT VALUE COLLAPSES, MONEY CHASES ASSETS (EQUITIES) pushing the price UP, so shorts will have to cover) BUY AND HOLD.** + +&#x200B; + +Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that ā€“ an opinion or information. Please consult a financial professional if you seek advice. + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). (ALL THESE LINKS ARE GOOGLE DRIVE LINKS, FROM A DUMMY ACCT!) + +**(Side note: Iā€™ve been accused of being a shill/FUD spreader for the first two posts- please know this is NOT my intention! I cleared this series with Mods, (**[**PROOF**](https://drive.google.com/file/d/1HlM0vR0Mguo83k6KKKQg5HKyCZaLrOHQ/view?usp=sharing)**) (THIS IS A GOOGLE DRIVE LINK, I WASNT SURE HOW ELSE TO SHARE IT) but if you think this is FUD/SHILLY then downvote/comment and I can discuss further.)** +There are far too many examples of people reading something, not thinking about it, and posting it here, and it's damaging to the sub. I get it. It feels like we're in the endgame and its jacking my tits as much as the next ape, but we need to remain diligent. + +**Stop, check your facts, double check them, then post.** + +We're going to have a flood of newbies on this sub soon and I for one am going to welcome new apes and apettes with open arms. + +But people are fickle, and if they start seeing half-baked numbers like the idiot who commented about BTC has a daily volume of 54m against 19m coins in existence, or the fool who posted about the SHF going under with 211 ETH worth $211m, we're going to lose them faster than Ken Griffin can pitch a bedpost. + +It's a disservice to this sub, it's a disservice to the real DD, and it's a disservice to the curious minds out there who may be on the verge of life-changing wealth. + +Thanks for listening, fuck you and I'll see you **and** the MOASS tomorrow. +https://www.washingtonpost.com/news/wonk/wp/2018/05/15/satellite-data-strongly-suggests-that-china-russia-and-other-authoritarian-countries-are-fudging-their-gdp-reports/?noredirect=on&utm_term=.3e63b8e4697a +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +In [this video](https://youtu.be/W4AIul7_9o8?t=309) warren buffet says the quote in the title. And I was wondering if anyone here has some intuition as to why a government bond (which is what he was discussing) would be more risky as time passes, and why would a stock be less risky? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I drive a 2011 VW Jetta with 70k miles on it that just developed a critical issue, turning the engine into a ticking time-bomb until I pay a mechanic to pull it out and replace a flawed piece related to the timing chain. Apparently there was already a class action lawsuit against VW for the same issue, but it was for a different engine so Iā€™m not covered. The repair would cost 2-4 grand, whereas the carā€™s KBB is no more than 5k. + +My motherā€™s trying to convince me to buy a new car, citing the ā€œif repairs cost more than the car, get a new oneā€ rule, and ā€œmanyā€ of her friendsā€™ anecdotal experiences about encountering more problems once a repair of this scale is completed. + +I think she has a point, but I donā€™t want to spend the extra money on a new car, and thereā€™s a good chance that fixing this would make the car good for another 70k miles at least. + +Anybody had similar issues? +Iā€™ve heard that a lot of people in the market are beginning to treat the UK as an emerging market. Why is this happening? The UK and London more specifically are a financial capital of the world? What trends are going on in the UK that are causing this? Can it be reversed? + + +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) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Now, I'm not the brightest spark, and, as much as I love pointlessly gambling my house deposit away on speccie miners, I'm kinda sick of seeing people who *actually* know what they're doing *actually* making money over a couple of years because they did some **research.** + +So, new year, new me: where do I start? I've got a few hours spare every week, and would like to start reading/exploring some things that will assist me with making slightly more informed choices when it comes to punting on stocks here. I don't want to become an expert, just less.....well, stupid. + +If anyone has any tips, I'm all ears. +I have seen a bunch of posts all over reddit about people getting blown out of the water. This is probably due to overleverage, however; this is meant to give you some context about what has happened in the past. As you can see from all the images there were considerable drawdowns and the market moved higher. Will this happen again ? Who knows, watch price, however; what is happening is not the end of the world. If someone you know is losing their shit, you should share this post. + +In 2010, I took my biggest loss in my trading history. Europe was exploding, we had this thing called a "flash crash" (Google it) and were barely out of the GFC. You can see the from April until August it was a straight up meat grinder. I shorted the market playing for a head and shoulders breakdown and it never happened and the rest is history. The rest of the pictures show corrections including Brexit and Ebola in 2014. + +&#x200B; + +Know your timeframe and manage your risk. + +&#x200B; + +[200 day moving average](https://preview.redd.it/1cjpy6cycmd81.png?width=1917&format=png&auto=webp&s=992556b2c3464abfc65e1c98ef3ace0e1366dd7f) + +&#x200B; + +[Today](https://preview.redd.it/y8uewwr1dmd81.png?width=1911&format=png&auto=webp&s=cb07363e536bf07f8ea4fcf2006dbd7278345bf5) + +&#x200B; + +[2018](https://preview.redd.it/qbdw5773dmd81.png?width=1919&format=png&auto=webp&s=22331f40379537729005eb12bc2e7cc9d6d822ec) + +&#x200B; + +[2015](https://preview.redd.it/kmo388c4dmd81.png?width=1849&format=png&auto=webp&s=a04a94009ad60538b9930eba4dbadceacd5a7108) + +&#x200B; + +[2014](https://preview.redd.it/nazazxd5dmd81.png?width=1881&format=png&auto=webp&s=de738184982ae4f002b89e31c676c437cbbec2a8) + +&#x200B; + +[2011](https://preview.redd.it/ekmdn5a6dmd81.png?width=1909&format=png&auto=webp&s=aafc6797f52aaaa6cbf217e13a40a2d73250d2cb) + +&#x200B; + +[2010](https://preview.redd.it/58dd8cf7dmd81.png?width=1897&format=png&auto=webp&s=b4170ba62f26d4dcd7fd7192253a5f8fbd807293) +Putting it in writing here both because it helps tremendously when others hold me accountable, and because I want to be able to look back on this moment fondly. + +I've been smoking for a couple of years now, slowly going from pipe, to bong, to gummies, to a pen, and I've realized I just can't regulate my own actions the way I want to with a substance like marijuana. I have to make this change, but cannot handle even a minute of focused obsession at the moment, so I'm hoping this will be just enough to do it. + +I wanted to work the line "trading one moon for another" in here somewhere, but couldn't figure out anywhere clever, so... there it is. + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +Edit: well... damn, y'all. I posted this as I was falling asleep, looking for motivation to help in the morning, and I ended up with [so much more.](https://i.imgur.com/hBbcutO.png) Thanks everyone. + +A lot of you make a very good point. GME already crossed $300. I'll just stop smoking right now! I initially set the limit to trick my brain into thinking it still had a way out, but after reading a lot of the comments here from former users of many different substances that were able to quit... I don't think quitting can wait. + +This thread has enough positivity to hopefully keep me away from pot indefinitely. Thank you apes. +Just feel that a lot of redditors are young and was wondering if this sub is similar. + +Iā€™m in my mid 20s and have been investing for ~4 years now. If you guys are older, what advice would you share for the younger kids that consider themselves value investors. + +My thesis has already been covered by others, but here it is anyway: + + +This is not financial adviceā€¦ I donā€™t know your circumstances, but this is what Iā€™m doing. + +If you are familiar with Mungerā€™s play on Tenneco in 2001, this is the same play. + +Auto suppliers have very sticky revenues, and right now demand remains high for new cars. + +Chip shortages and supply chain issues have crushed new car volumes, causing CPS to take on a ton of debt(less than Tenneco in 2001 though), compounding their already poor performance from 2019. Revenues are on the decline, they are bleeding cash, and the market has priced them incredibly harshly. New car production is expected to stay low for the rest of the year and slightly in to next year. + +Thus creating a potential opportunity. + +This has a reasonable probability to be a generational opportunity in my view. There are meaningful differences between this play, and Mungerā€™s Tenneco play. CPSā€™ debt troubles are not as severe as Tennecoā€™s were. CPSā€™ bond prices are not suggesting as high of a bankruptcy risk as the bond prices for Tenneco suggested back in 2001. + +CPS is the #1 provider for sealing systems in the world and OEMs desperately need CPS to stay in business. + +This will allow CPS to raise prices on them, as indicated in the last earnings call. As chip shortages ease, supply will catch up with demand and CPS will return to profitability. + +This is a company that had positive operating cash flows up until 2019. + +In a normal functioning market for them, they were generating >$100m in FCF per year on roughly $3bn in revenues. Market cap is currently around $80millionā€¦. $80ā€¦ million. Thatā€™s like 8 bungalows in Vancouver. + +If/when they survive the current disaster, they will return to even higher FCF based on all the useless assets theyā€™ve sold off and operational efficiencies theyā€™ve adjusted for to survive. + +Revenues are still above $2bn/yr, and will likely be over $2.5bn this year. They were cash flow positive in March 2022. + +Q2 is looking bad, but losses could still improve compared to Q1 2022 and Q4 2021. P/B is 0.33. Price to tangible book is ~1. P/S is 0.03. Theres no question this is cheap af, the question is if you would even buy this company for $0. At this point, there isnā€™t a meaningful difference between the current price and $0 in my view. If I wouldnā€™t buy at the current price, I likely wouldnā€™t buy the company if it were free either. + +Near term catalyst this year: If they are able to successfully refinance some of their debt through the recent Goldman Sachs hire, that alone will take bankruptcy off the table. Getting approval on refinancing their debt will likely triple the stock almost immediately. The market reacted to the Goldman Sachs hire thinking it was for restructuring, which is not the case. Just look at the marketā€™s reaction to when Revlon got approval for their recent loan. 4x almost instantly. + +Management are highly incentivized to be shareholder friendly since a large portion of their comp is tied to ROIC and is SBC. Not only that, theyā€™ve been buying their own stock as of late. Despite having reduced incomes due to the companieā€™s poor performance, they are still buying their own stock. Bullish. + +They recently sold a property in Germany for $50m, which was more than they expected to get for it, so hopefully their remaining high quality assets are more valuable than what they report them at. Donā€™t count on that, but it would be nice. + + +CPS went bankrupt in 2008 because the auto manufacturers werenā€™t selling new cars. Demand was low and since the auto manufacturers themselves were going bankrupt, they had no incentive to keep CPS alive. Situation is completely different right now. + +In my view, there is a reasonable chance this will be a 5-20 bagger, so the high downside risk is worth the gamble. + +Long term catalyst: New car volumes expected to increase roughly 10% by 2025-2026. Markets will get ahead of it though. Once it becomes obvious that new car volumes will be going back up, markets will have already priced that in. + + + +Risk#1 CPS could go broke. New car production volumes stay low for more than 3 years, chip shortages do not get better, they fail to refinance debt, and go bankrupt. If things keep getting worse, or do not improve, by my estimations, bankruptcy could happen by mid-to-late 2024. + +Risk#2: They are a takeover candidate. Investors could get fucked if an activist investor or larger company comes in and buys the whole company for $10/share. + +Even though the stock is down 98% from the ath, it could go down another 98% + +The market cap is so small right now that the big smart money is not able to take a position, even if they want to. If a turnaround starts to take shape, the market cap will begin to rise, and those funds will begin to pile in. Since we are working with far less capital than them, we are fortunate enough to be able to own opportunities like this one. + +Great company, ridiculously cheap price. + + +- Great Hill Capital has taken a >2% stake in the company at ~$5 prices and they are deep deep value guys. +- Towle owned it. Sold it some time in early 2022, but donā€™t be surprised if the next 13F shows a new position in CPS. Itā€™s possible it had to be made so small they didnā€™t have to report it too. +- DFV owned it the last time he showed his spread sheets(whatever thatā€™s worth). +- healthy amount of insider buying. + +Current price at time of writing: $4.99/share +18 month price target $15. +48 month price target $75. + +This is not a liquidation play, as that scenario would likely lose me money. + +This is not an exact science but, bets like this one donā€™t come around all that often. + +Additional DD: + +https://www.reddit.com/r/FWFBThinkTank/comments/u8vz8t/cooper_standard_holdings_deep_deep_deep_value/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +https://youtube.com/watch?v=bjZVnLWIM8E&t=28m36s + + +Obvious disclosure: + +I hold CPS +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I switched companies in July 2019. The HR at my previous firm said that they usually pay out the match only by Jan/Feb of 2020, and I should transfer my 401k only then as it would be beneficial for me to get the match the company provides. + +When I emailed her this April 2020 to find out about the status of when the company will match 401k, this is what they said: Ā 401K Retirement plan is a discretionary account which means contributions are not mandatory. + +My offer letter when I took up the job in Dec 2017 clearly says that 401k is offered to all eligible employees and company will pay 3% of your annual salary into your 401k plan. + +I am at a loss. Is there anything I can do about this? I don't know what discretionary account even means. It was not mentioned anywhere. I just want to get what was promised to me, and move my 401k account to new company. + +Edit: thanks so much for the replies! A lot of comments say that I need to be on active payroll to receive the match. When I left the company, the HR specifically told me that I should transfer my 401k in Jan/Feb 2020 because that's when the match will be added to my account. Why would they say that, if they know for sure that I won't be eligible for this? That's really unfair. Is there something I can do about it? Also for future, should I rollover 401k as soon as I leave? Just trying to understand how to save my match during my next move. Thanks again! + +Edit 2: yes, I did contribute to 401k. It's a 50 cent match for every dollar, up to 3% match. And I expect them to match 50% of the amount I have already contributed, nothing more or nothing less. Also, it's a small company. +Quote from article: "The Fed delivered in that respect, saying it would continue to buy at least $120 billion of bonds each month "until substantial further progress has been made toward the Committee's maximum employment and price stability goals," the post-meeting statement said." + +&nbsp; + +https://www.google.com/amp/s/www.cnbc.com/amp/2020/12/16/fed-decision-december-2020-fed-commits-to-keep-buying-bonds-until-the-economy-gets-back-to-full-employment.html + + +The crypto market has gone mad recently. It all started with an innocent dog staring a bit nervously into a camera. + +The DeFi world has become something of its own Wild West. There are no rules and almost every project comes out of nowhere promising a moon landing overnight. + +Everywhere you look, innocent investors are getting ruged. +You might be at a point where you ask yourself: What project can I trust at a time like this? + +Let me tell you a few things about Dogira, based on which you can form your own opinion about this project. + +- Lead developer, Eoghan Hayes, is doxed, as well as all other team members. + +- Eoghan developed a number 1 Steam game (Split or Steal) that was downloaded over 150,000 times. + +- He worked on Dogecoin in 2013/2014, and helped implementing Digibyteā€™s Digishield Gravity Well Algorithm into Dogecoin. + +- You have the possibility to ask the community or the team members all kinds of questions or about concerns in the Telegram group. + +- Dogira has 3 confirmed partnerships with FEGToken, Bingus, and Vira-Lata Finance. + +- The blockchain gaming SDK is already being developed, which will give this project a full utility. + +- The current liquidity pool contract ends on the 14th of May and will be renewed shortly after. A small part of the poolā€™s fund will be used for the listing on a new major US-friendly central exchange. + +- The marketing team will also benefit greatly from a part of the liquidity pool, as many partnerships are planned with big influencers on various social media platforms. + +- The whitepaper is being finished along with a brand new fully responsive professional website. + +- Never sent any tokens to bratan Vitalik or Bogdan. + +Also: +Eoghan, Dogiraā€™s lead developer, has a history in exposing obvious rugs and trying to save people from scams. He managed to expose various projects in being fraudulent and posted his research and evidence on Twitter. + +Here is the link to his account: +- Twitter: https://twitter.com/Rootpew + +Essentially, Dogira aims to bring the power of the blockchain to game developers and creators by providing unique gaming services, supported by an NFT Ecosystem. Through building a SDK/APIs for popular game engines, game developers could use these services to enhance their games with native blockchain elements or implement an anti-cheat technology based on blockchain-level verification, the possibilities are endless. +So I climbed the ladder at a senior manager position in fintech making $1M a year in W2. + +As a 34yo single person (will never marry), my take home is around $530k. + +A lot of my reports, senior software engineers like I was for many years, make around $500k a year, which translates to $300k take home. + +Their stress level is easily 10x less than mine. They come in, do their work, and go home. I have constant problems, a non-ending stream of people complaining to me at all hours of the day, and immense pressure to deliver. + +Itā€™s making me think that my position is not a good deal. A delta of $230k net a year on a $3M net worth seems not significant, and yet my quality of life is incredibly affected by my position. + +I donā€™t think I could climb higher than this and start shooting for the $2M+ positions, a director position is just outside my league and, honestly, my interests. I see my directors rotting away in 13 hours of meetings every single fucking day. These are people in their 50s who come in at 6am in the morning and stay in the office until 7pm. Sounds so miserable. + +Has anyone approached this problem? I basically just think Iā€™m getting a bad deal, and Iā€™m wondering if itā€™s worth retreating to a non-stress individual contributor position. +Title cuts to the chase. Received an amazing bonus at work. Iā€™m still comprehending the reality of what happened and what Iā€™ll do with it. After paying off debts and the dust settling, I have around 125k liquid remaining, and am looking for best places to invest it for stable growth. + +After fully wiping away nearly $40,000 in credit card debt (my biggest personal secret shame), and paying off other debts, Iā€™m looking to invest the majority of whatā€™s left. + +Prior to this bonus, I had a brokerage account w/ ~10k in itā€¦ a voyager account w/ ~4k in various cryptos, other than that no savings, besides my 401k which Iā€™ve contributed to since my early 20s. + +After wiping my credit card debt, my only debt is a car loan Iā€™m paying on a Lexus I got myself last year, less than $8,000, loan only $150 per month note. I may just pay it off? + +I rent my apartment, at some point Iā€™ll likely use a big piece of this 120k on a down payment for property, but that wonā€™t be for at least 9-15 months, so Iā€™m looking for ideas on where to invest this for stable growth. Appreciate any ideas or help +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +*I'm just gonna start off by saying that this is a sequel to* [*The MOASS Preparation Guide*](https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/)*, a post I wrote a few months ago. I felt it deserved an updated version considering so much that has happened recently, also i've learned a lot since then. This guide will be pretty in depth but don't worry, my view is that when you're explaining something, always imagine you're talking to a 5 year old (ELI5). So make yourself a cup of coffee, and grab a tasty crayola and enjoy.* + +*The subsequent sections are as follows:* + +* *Pre-liftoff preparation* +* *D-Day* +* *During the MOASS* +* *Immediate Aftermath* +* *Long term aftermath* + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Please read though this as i believe it is important that we all have an understanding on the game plan šŸš€ + +# Pre-liftoff Preparation + +https://preview.redd.it/pskg3gxrka871.jpg?width=1280&format=pjpg&auto=webp&s=09b3bccc95d16594bc2a8cf9e5307e08eaf11058 + +* **Brokers preparation** \- I think everyone should take the time to understand the nuances and rules that the broker applies on trading. Some brokers may have some sneaky fine prints. So you should make sure that nothing can get in the way of you and your tendies. + * Take note of the brokers that previous placed trade restrictions [here](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/). + * some brokers (Trading212 for example) have decided to restrict buying if you do not agree to their share lending program (*Do* ***NOT*** *agree to this.*) + * If you have all your shares in one of these bad brokers and can't transfer, don't sweat it too much. **JUST DO NOT SELL YOUR SHARES.** The message was clear as crystal in January: if they prevent free trade like Robinhood did then that means they will lose customers and face litigation, so i *hope* for their sake that they have prepared for this. + * It also wouldn't hurt to email your brokers customer service and ask them "*will you prevent me from selling if the price goes to X amount?*". Additionally, i would recommend keeping documentation, screenshots and recordings of your positions just incase f\*ckery arises. It's good to create a paper trail just incase you need to bring them to court. +* **Back up broker** \- If you can, open up an account as soon as possible on a reputable broker and buy at least 1 share. Don't aim to maximize gains but to minimize the regret of missing out just in case your broker decides to f\*ck you. The rule of thumb is usually that commission based boomer brokers with horrible user interfaces are the most trustworthy. See the "good brokers" in the link above. +* **Diversify Brokers -** if you can, spread out your holdings across multiple brokers. Also take note of what clearing house they use. You don't want to be caught up in some f\*ckery where both brokers wont let you sell because they share the same clearing house. A solution to this could be to transfer shares. Some brokers allow you to transfer shares to others, but small "shit" brokers like eToro for example, do not. If thats the case then **hold** tight and buy on a different broker, if you wanna buy more shares. + * Here is a [list of some brokerages](https://investorjunkie.com/stock-brokers/broker-clearing-firms/) and the respective clearing houses they use. + * Here is a list of [brokers who placed restrictions](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) in a follow up post i made. + * Trading212 for example: they're becoming Robinhood 2.0 now as they decided [to place buy restrictions](https://www.reddit.com/r/Superstonk/comments/oa7nq4/fud_alert_t212_simply_do_not_agree_to_terms_hold/) if you don't agree to their share lending program. Admittedly, I am a Trading212 customer. So this is why you should diversify brokers, you never know when they are going to pull some shady shit. + * *side-note*: I would stay away from brokers that use Apex Clearing, they're shady as shit. +* **Order Routing -** Order routing is when an order to buy or sell a stock is sent from your broker to an exchange. There are two kinds of exchanges: ***Lit pools and Dark pools.*** + * Dark pools do not display prices at which participants are willing to trade (**ie; in the dark**), whereas lit pools do show these various bids and offers in a stocks. It's been said that the naked shorting gang pay millions to brokers to have millions of orders routed through their own dark pools, to which they can perform shady business (skimming cents off the spread of every order, suppressing buying pressure etc). + * **This brings me to my point:** If you are thinking about buying some shares, you should route it through IEX, which is an exchange that was made in order to mitigate the affects of high frequency trading. [Oh hey, look! Our friends at Citadel don't like IEX](https://www.reddit.com/r/Superstonk/comments/oa7st6/citadel_really_doesnt_like_iex_if_you_have_the/?utm_source=share&utm_medium=web2x&context=3). +* **Cash account, not margin -** if you haven't already, request your broker to change your account from a margin account to a cash account. This way your shares are entirely your own and aren't being lent out to short sellers. Note that you need to have no options or short positions active with your account before you do this. If you are reluctant to switching your account then make sure that you have no withstanding deficits in your account so you don't get margin called and your broker automatically closes positions without your consent. Yes, this has happened to people before. +* **Online Security** \- If you have learned anything from all this it's that you should not trust anyone. Take the time to enable two-factor authentication on your bank/broker accounts. Also you should have a different password for each account, preferably 20+ characters with a mixture of alphanumeric characters and symbols. + * Do not use public wifi to log into your broker account. + * Use a VPN when possible. +* **Taxes** \- It is crucial that you learn about your countries [capital gains taxes](https://www.investopedia.com/terms/c/capital_gains_tax.asp). I would go deeper into this, However different tax rates apply in different countries depending on how long you are holding the stock. To keep this general for all users i will say Just google "*what are the tax laws for stocks in <my country>?*". (If you're a smooth brain, dont worry. I have the solution for you in immediate aftermath section) +* **Prepare a personal balance sheet** \- It may be a good idea to prepare a balance sheet. A balance sheet is a snapshot of net worth and lists all your assets, liabilities, cash etc. This will make your life (*and your accountants life*) easier when you need an accountant. If you need a better understanding of balance sheets see this [video here](https://www.youtube.com/watch?v=hhKO6MRvk_c). +* **Mental preparation** \- This one isn't so obvious, but please prepare yourself for seeing life changing money in your possession. Have a long think what you are going to do with this money. And as a side note: try to not tell too people you're invested, the less people know the easier your life will be. + +# D-Day + +https://reddit.com/link/oakqvt/video/rxsvzjnska871/player + +* **Take care of your health** \- Firstly, on the day of lift off you will definitely feel overwhelmed with emotions and anxiety. You're probably going to feel a little dizzy seeing the price increase exponentially. Please sit down when you are checking the price. The last thing i want to hear is that a fellow ape fainted and cracked their head because of being overwhelmed with emotions. In my opinion, deep slow [diaphragmatic breathing](https://my.clevelandclinic.org/health/articles/9445-diaphragmatic-breathing) really helps to slow down your heart rate and reduce anxiety. +* **Expect Trading Halts** \- There is a difference between trading suspension and trading halt. Securities exchanges have the power to temporarily [halt](https://www.investopedia.com/terms/t/tradinghalt.asp), in the middle of the trading day, or delay, at the beginning of the trading day, trading on a stock. halts and delays usually last less than one hour. As opposed to suspensions, which can last two weeks. Suspensions are enforced by the SEC + * **In the case of trading halt:** The NYSE may stop trading if the price rises too quickly. This is usually done to prevent massive impulse waves and let people calm down for a few minutes. But this is futile in the setting of a short squeeze, because all shorts must cover regardless. You can also check when GME is halted [here](https://www.nyse.com/trade-halt-current). Do not freak out if the graph flatlines. + * **In the case of trading suspension:** I believe that if the infinity pool happens, meaning shorts literally will not be able to cover the potentially billions of synthetic shares they have created, driving the price to literally infinity, that the SEC most likely implement a trading suspension. We won't know unless it happens. But, who knows? They might not. You can read about trading suspensions [here](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_tradingsuspensions). +* **BOTS, BOTS EVERYWHERE** \- This could go two ways: either the shorts don't have anymore money to pay shills or we will have a massive influx of bots/shills on here and <*other stonk subs*\> trying to nudge people to sell. They will say something like "wow i sold my 3 shares for 30K" and try to create a narrative that below 100K is the peak. **100K is not the peak.** don't listen to it. we set the price. +* **Reddit might be down** \- during the rally from $40 to $90 in February Reddit inexplicably went offline. It happened a couple of other times before when the price rose considerably. This could be due to a DDOS attack or just too much traffic to the site. Either way, if Reddit does go down don't worry. **We are all still here.** + * The only call to action would be to go to the [SuperStonk youtube](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) channel, which the mods said they will do an emergency broadcast when things kick off. So go there for communication. + * Backup places to check out would be the mods twitter pages + * [https://twitter.com/rensole](https://twitter.com/rensole) + * [https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + * [https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +# During the MOASS + +https://preview.redd.it/54mzc28uka871.png?width=1890&format=png&auto=webp&s=e6554f4f0e276f93d84d22c6cd766167638bd9c1 + +* **Diamond hands** \- This one i cannot stress enough, the mantra is clear: HOLD! If you sell early you creating downward pressure against the MOASS. If the short position is in the billions of shares (which has been theorized) then this shouldn't be too much of a problem, but regardless - **KEEP THOSE HANDS DIAMOND!** The squeeze could last a few days, week or indefinitely. At this point no one knows. Don't feel pressure to sell when it goes $100K+, if the DD is correct (and it has been so far) then we are not stopping add measly hundreds of thousands. + * A **forced buy-back** differs from a **Margin call,** in which a margin call is just a notice to "*increase the amount of money in your account before we close your positions, because you won't be able pay us if this goes any higher*" + * Prime brokers will implement forced buy-back of hedge funds to cover their short positions. This means they will go the open market and buy them for what ever someone is will to sell them for. + * The stock price = the last price it sold for. If the only sells available were asking for 1 million, then that means the price will be 1 million. And since it's likely there **aren't** enough shares in existence to cover the amount of shorting that went on then theoretically this ape filled rocket could blast through the moon and land on Alpha centauri B. +* **Whats an exit strategy?** \- This one isn't so obvious because the we don't know what the peak will be, but you should have an exit strategy: Plan out what you need on the day of selling, where do you need to be? think about that day and visualize it so you aren't overwhelmed with anxiety when it actually happens. As for selling: all i can say on this matter is do not sell on the way up as it's a bad idea. ([~~explained here that you should~~](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)) Use [this exit strategy](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) instead by u/gherkinit: +* **Understand the different types of orders** \- Limit Order, Market Order, Stop Limit Order and Stop Loss Order, explanations on the pro's and cons of each can also be found [here](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) + * Some people have noted that certain brokers have limits on the amount you can place an order for **online** (in terms of dollar value). Just to be safe make sure you have phone credit and the number for your broker ready to contact them to execute an order if this applies to you. + * Also, some brokers may not even limit orders (Revolut as far as i know). Don't sweat it, this is beyond your control. Just sell on the way down, or don't. I don't care this is not financial advice. +* **Sit down when you decide to take gains** \- When the dust has settled and you decide to take gains, again, sit down and drink some water and breath.. because you may faint or possibly get sick from seeing that you have sold a single share for an ungodly amount. +* **Don't publish your realised gains publicly** \- Obvious one, don't be that person who flaunts the gains online. You are going to cause a lot of fair-weather friends and family to crawl out of the woodwork trying to get their hands on your tendies. It may be tempting to rub it in the faces of the people who doubted you, but just don't. It's not worth it. +* **T+2 settlement -** When you sell a share, it actually doesn't get settled until 2 days after it's executed, meaning you don't actually have the money in your brokerage until 2 days later. Learn about the [settlement violations here](https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations) before you start going off buying other stocks with your gains. This T+2 settlement also gives the SEC the power to reverse any transactions they seem fit due to violations. Not meant to be FUD, i just thought its useful to know. I doubt they will start reversing transactions during the MOASS, but if it does occur. **Hold tight, again: we set the price.** +* **WHAT DO WITH MONEY?** \- It should be known that your regular current/checking account is only insured up to $250,000 if you're in the [US under the FDIC](https://www.fdic.gov/deposit/deposits/faq.html) and ā‚¬100,000 if you are [in the European Union](https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/deposit-guarantee-schemes_en). So its not advised to dump all your money into your bank account straight away. I would wait for T+2 settlement to clear then invest in value stocks, so you're money isn't tied to your broker, should they have issues. This brings me to the next section... + +# Immediate Aftermath + +https://reddit.com/link/oakqvt/video/hh2kj98vka871/player + +* **Assemble a team of legal and financial advisers:** + * **Lawyer up** \- Hire a [tax attorney](https://www.moneycrashers.com/when-to-hire-a-tax-attorney/) to deal with any problems that may arise from all of this. Hire a family law or estate planning attorney that can arrange a Will for your family immediately. + * side note: do NOT sign anything, from your broker/bank/crayon dealer or anyone if you do not understand it. Make sure you have an attorney read anything you may or may not be asked to sign. + * **Get an accountant** \- Get certified public accountant who helps wealthy families organize their finances and guide you through your finances. + * **Hire a financial advisor** \- Make sure you hire a financial advisor that is sworn to act as a fiduciary (*acting in your best financial interests, not theirs*), preferably with experience managing significant wealth. Make sure you check their certifications and that they aren't trying to push you to buy some insurance policy. The requirements to be a FA aren't concrete so there are a lot of snake oil salesmen that really don't have your best interests at heart. Make sure how you ask how they profit from you being their client and make sure they aren't trying to make commissions. Also, look out for high fees. Minimum advisor fees based on AUM should not be over 1% unless they can justify it with amazing historical returns. +* **Expect to vilified by MSM** \- In the case of a financial crisis, i can nearly guarantee that they will try to blame us rather than the hedgies and regulators who caused it. Pay no mind to mainstream media and stand your ground. + * Expect people to say you just got lucky, expect them to speak as though we are ones who caused this. They will lie, twist and corrupt the truth. Expect your friend who paper-handed a few months back and still think's GameStop is dying brick-and-mortar resent you. You don't need to justify yourself. All of our research has been documented, archived and literally shouted from the rooftops for months. As Michael brrry would say "*I warned, but no one listened*". + * They may also try and backtrack to a pro-GME narrative now that it's not financial in their interest to side with SHFs. Just remember: **MSM is not your friend, these people are allows pushing the narrative that they are paid push. It's literally their business model.** +* **Do nothing with the money** \- this kind of piggy backs off the first point about assembling a team of advisors, but please don't just cash out and go crazy with the money. Sit and think about it for some time. Let reality settle in and decide how are you going to use this money to help yourself and the people around you. Lambos are great but they won't bring you happiness forever. Don't blow that money down the drain. Educate yourself on how wealthy people maintain their wealth. + +# Longer Term aftermath + +* **Expect turbulence in the economy** \- this wont be just contained to the world of GME. This is going to have a ripple affect across the world economy as the powers-that-be, who have been taking advantage of the system loops holes, finally pay their debt. Here is some essentials you should check out (in order) if you haven't already, this is 2008 ~~all over again~~ continued: + +1. [**Inside Job (Full movie)**](https://www.youtube.com/watch?v=T2IaJwkqgPk) \- by [Charles Ferguson](https://en.wikipedia.org/wiki/Charles_Ferguson_(filmmaker)) +2. [**The Bigger Short. How 2008 is repeating**](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) **-** by u/Criand +3. [**A House of Cards**](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) \- by u/atobitt +4. [**The EVERYTHING Short**](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) **-** by u/atobitt + +**High/hyper Inflation -** We need to talk about [inflation](https://www.fdic.gov/deposit/deposits/faq.html). In v1.0 of this guide I mentioned a possibility of inflation, but as more news has come out it's pretty much a guarantee. Also, I didn't give much recommendations on what to do about it. So, i learned a bit about inflation so you don't have to: + +* **The** **What?** + * Since governments have moved away from the gold standard, countries have the power to create money out of thin air through [quantitative easing](https://www.investopedia.com/terms/q/quantitative-easing.asp). + * Inflation is the annual percentage rise in the cost of living. Okay so what does that really mean? Here is smooth brain explanation: If you have $1 in 2020, and inflation rises 10% in 2021, you still have your $1 but you only have the buying power of $0.90 relative to last year. This is why holding onto cash is not good in a high inflationary economy. +* **The** **How?** + * Everyone always says its from over-printing of money, but in reality this is just a symptom of a failing economy, and a byproduct of the citizens lack of confidence in the currency. + * In order to counter these rise in prices, the FED (or central bank) will raise interest rates, essentially reducing the amount of money in circulation. + * The chair of the Fed, JPOW himself, said interest rates won't be [raised until 2023](https://www.cnbc.com/2021/06/16/fed-holds-rates-steady-but-raises-inflation-expectations-sharply-and-makes-no-mention-of-taper.html). However, fear is arising in the stock market as many speculate we have high inflation because the massive amount of "free money" initiatives to help the country get back on its feet, but it's just not being seen due to COVID-19. + * I think it is also noteworthy to say there is a difference between high inflation and hyperinflation. Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflationĀ is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month. +* **How to protect yourself?** + * Well firstly I'd like to note assets to **avoid** during high inflation: + * [Fixed rate bonds](https://www.investopedia.com/terms/f/fixedrate-bond.asp) + * [Growth stocks](https://www.investopedia.com/terms/g/growthstock.asp) + * [Cash](https://www.investopedia.com/terms/c/cash.asp) (yes, that includes the money in your savings account) + * The **best** investments during high inflation: + * [Real estate/land](https://www.investopedia.com/terms/r/realestate.asp) + * [Commodities](https://www.investopedia.com/terms/c/commodity.asp) (Gold, oil etc.) + * [Boomer Value Stocks](https://www.investopedia.com/terms/v/valuestock.asp) +* **How about crypt-0?** + * I can't name certain coins here because of auto-mod, but you know of the big ones I'm talking about. + * It is assumed that anything with a limited supply will inevitably move with inflation. the loss in confidence people have in fiat currency is prevented with crypt-0-currency as it has an immutable finite supply. + * However, you also need to bear in mind the *utility* of the asset. Just because something has a limited supply does not mean it's valuable (*The 2021 shit-coin craze being evidence of this*) + * In a financial nuclear winter event, it may a case that some coins may become too expensive to mine due to rise in electricity prices, leading to a disinterest/disincentivization in holding the asset and thus reducing it's value. + * Be careful if you decide to hedge with these assets as they are yet to be stress-tested during a financial crisis, some might succeed and many will fail. +* side-note: One silver lining i learned about inflation is that the burden of any debt you may have will be softened as the nominal value of the debt stays the same even as the value of the currency decreases. What does this mean? if you owe money, lets say a mortgage or student loan, it is easier to pay of that debt as it is assumed you wages will increase, while the number of dollars you owe stays the same. (*not that you will have a job after the MOASS anyway ( Ķ”Ā° ĶœŹ– Ķ”Ā°)* ) + +&#x200B; + +[Taken during the 2011 Ocupy Wallstreet March \(At National i](https://preview.redd.it/4xpmi7xxka871.jpg?width=1908&format=pjpg&auto=webp&s=1b1e4adfcd66be4d4003cbee35d6d0796c96badf) + +*If there is anything else you think should be in here let me know in the comments. This is just my opinion and not financial advice. I am just an ape who eats crayons for fun. This will probably be my last DD before valhalla (financially speaking), I'll finish by leaving you with this image (above \^). Remember what happened in 2008 and don't show any mercy. HOLD.* + +&#x200B; + +\- Socrates ( Ķ”Ā° ĶœŹ– Ķ”Ā°) + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +&#x200B; + +**TLDR: no tldr you lazy ape, go read it. Its important** + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +&#x200B; + +\- edits 1: Diamond hands section typo : "\*\****aren't*** *enough shares", not "are enough shares"* + +*- edits 2: removed WardenElites exit strategy, added the gherkinit's exit strategy* + +*- edits 3: added mods twitters in Reddit going down section* +I really want to be responsible about this opportunity and make good decisions that have longterm payoff for me and my future family, but holy moly I donā€™t even know where to start. My mom raised my sister and I alone working several jobs at under minimum wage. So I felt like I was living large at $20 an hour , and now this ? Itā€™s enough to make the room spin. + +Would really just love some feedback. Thank you +\------------------------------------------------------------------------------------------------------------ + +Edit: We have edited new rule #3 to make reporting posts easier: + +**Reddit Screenshots cannot have usernames, avatars, and/or subreddit names visible:** + +https://preview.redd.it/2okouygmg45a1.png?width=300&format=png&auto=webp&s=d65c06f1636edbef6290f295b189a710891ae433 + +\------------------------------------------------------------------------------------------------------------ + +Reddit admins have reached out to warn us a SECOND time about brigading. There will be no third time. In response to a post considered to be a violation of the No Brigading rule, RAdmins suddenly stripped moderator permissions of one of our moderators. We have worked with the RAdmin team in good faith to get the moderator restored to the team, by committing to STRICTLY enforce these rules moving forward. + +We are enforcing Rule 10: No Brigading with the strictest possible interpretation and a zero tolerance policy. + +In case you need a reminder brigading includes: + +\- organized voting on other subs + +\- harassing other subs + +\- using r/Superstonk to defame other subs + +\- posting screenshots from other subs + +\- posting content with Reddit usernames visible + +This was the message we received from the RAdmins: + +**"Iā€™m one of redditā€™s admins and Iā€™m reaching out today due to a pattern of interference in other subreddits that we are seeing from users here. It is okay to not agree with how another community is moderated or not agree with content but it is not okay to use your subreddit as a place to organize harassment and interference. You all should not allow call out posts, links to other communities, username mentions (including in screenshots), posts celebrating site wide or subreddit specific bans, or any other meta content with the purpose of targeting another community or calling out any other users, moderators, or subreddits."** + +Any hints of brigading, mentioning other subs, calling out users in screenshots, etc. will result in a removal of the post/comment and escalatory punitive actions including temporary bans for first infractions up to permanent bans for repeated violations. + +**Any screenshots from this point forward (even from our own sub) MUST have the user names removed/obscured/otherwise unreadable (this includes the snoo/pfp or any other identifying marks) . We must comply with Reddit's brigading rules.** + +This is a reminder that Be Nice Or Else is not a suggestion, it is Rule #1. We do not care if you agree or disagree with the person, everyone deserves some level of respect and if you cannot remain cordial, you will be put in timeout. + +The mod team is asking everyone to please be on the lookout for posts that violate the No Brigading rule and report them immediately. + +&#x200B; + +\-------------------------- + +edit2: + + +Since we have been getting messages on how to report, here's a quick screenshot guide: + + +[Dropdown to report a post](https://preview.redd.it/pgqy6hf40b5a1.png?width=638&format=png&auto=webp&s=51de84511dff4abe61fc27a62bc0d32dec5c8fbe) + +[Reporting Reasons \(select Breaks r\/Superstonk rules\_](https://preview.redd.it/vj8dn6p50b5a1.png?width=554&format=png&auto=webp&s=a5f0dc24de88e8e3621fc253133e86c5e1505e50) + +[Third option is the brigading rule](https://preview.redd.it/rnod9xb60b5a1.png?width=593&format=png&auto=webp&s=d2ad1e340b1ee160699d890c657417daf428a441) + +&#x200B; +TL;DR: If you believe there is a real estate bubble that will be popping, how did you draw that conclusion? + +To preface, my entire career has been built off both finance & real estate so please feel free to hit me with everything ya got: + +Two weeks ago, Fed Chair Powell stated that we are on the back end of the US ā€˜housing bubble.ā€™ Although a market correction is happening, I am hesitant to put any stock into talks of a bubble of any sort. Over the past 2 years, we saw rates fall to historically low levels and house prices blast off to the moon to make up for the difference. These house prices became so elevated that the tales of record sales and house prices attracted national attention making everyone want in on the action. The drastic increase in demand left many hungry to buy but the supply simply wasnā€™t and still isnā€™t there. As many hunker down through the recessionary period, many buyers will be avidly awaiting their time to finally enter the market- with much lower rates and potentially 2 years of savings to burn. + +As prices pull back, I worry reasonable house prices arenā€™t going to come in time.. The Federal Reserve will finish kicking back inflation and ripping the padding from corporations earnings reports and weā€™ll be left looking at listings saying ā€˜thatā€™s it?ā€™ Before we know it, the market will be flush with cash and sellers will once again have the ball in their court. It breaks my heart to see younger generations being paid less with higher costs of living when compared to earlier generations- now theyā€™re being denied the chance to own a home, too? Do you trust the Federal Reserve, or the general public, to pull prices back to earth? If so, on what grounds do you draw that conclusion? +You all already know about HOGE, it's the Hogefather of the whole DeFi shitcoin scene. But here's the truth, Hoge only has 39,000 Holders right now, which is not even half of ElonGate, and not even 1/10th of SafeMoon! It fell over a whole month, but It has gone up 140% this week, easy, no sign of a dump. I'd say Hoge is on track to do 3 - 5X in the next week. + +If even a fraction of these people jump on HOGE, it could still easily do 10x. + +Hoge for president. + +[https://hoge.finance/](https://hoge.finance/) + +Many new meme tokens that start out with a small market cap are subjects to pump and dump schemes and unfortunately HOGE was no exception. However, when the dust settled, what was left was a creative and dedicated community of people from all walks of life spontaneously working together to achieve something. The truth is we enjoyed it so much that we decided to stay and dig in our heels to make this work. No matter how long it takes. The beauty of it is, because of the design behind the HOGE tokenomics (and our desire to meme until a potential bitter end), any pump and dump scheme will only make us stronger! +1. Avoid Emotions - Investing requires fact/fundamentals based logical and rational thinking, detached from emotions. + "If you cant control your emotions, you cant control your money" - Warren Buffet + +2. Circle of competence - Focus on areas you are passionate about and is within your domain of expertise, where you will have an advantage over the average person. + +3. Have a checklist/plan - One of the most important aspects of investing is to have some sort of strategy/checklist/plan whereby one can compare the investment prospects of various assets. +"No wise pilot, no matter how great his talent & experience, fails to use a checklist" - Charlie Munger + +4. Margin of Safety - Only buy things on discount to value due to temporary distress, giving an adequate margin of safety which can protect us from the uncertainty of the future and possibility of error in our calculation. + +5. Probabilities - Learn to think in probabilities and how to get the odds on your side. +"Heads I win, tails I don't lose" - Mohnish Pabrai + +6. Diversify appropriately - Diversify your funds across the appropriate investments within your circle of competence. + +7. Manage/Minimize Risk - Practice risk aversion and avoid taking dangerous, unnecessary risks in an attempt to maximize gains. Minimizing risk, is maximizing gains, because if you are protected from loss then making a gain is the only option (this is the true way of maximizing gains). +"Rule No. 1 of investing is to never lose money and Rule No. 2 is to never forget Rule No. 1" - Warren Buffet + +8. Ignore/Block Noise - Don't pay too much attention to social media influencers, forecasters, retail investors, hype and the regular fluctuations of the market. + +9. Mother Hawk - Monitor, sustain and maintain your portfolio like a mother hawk protecting her nest. Be diligent. + +10. Patience & Long-term Thinking - Be patient in your investment activities, it takes time. Also, think long-term and maintain a long-term vision to take the best advantage out of compound interest. + +Note: These are just 10 principles of the many principles in investing, they are not the only 10 principles to be followed. +šŸ‘…TasteNFT - 2 Hours Old - 6300 Holders - Dev Doxxed - 10m Market Cap in first Minute - Liquidity Locked 5 YearsšŸ‘… + + +TasteNFT ($TASTE) šŸ‘… + +šŸŒ˜ Taste The Moon šŸŒ’ + +We just launched on PancakeSwap within the past hour! You still have time to get in on this absolute gem of a project! +_________________________________________________ + +What you need to know: + +āœ”ļø DEXSALE PRE-SALE: sold out in less than 20 minutes with a cap of 500 BNB! We will go live on Pancakeswap at 1000 hours CST! Countdown is on our website: https://t.me/TasteNFT ā° + +āœ”ļø MISSION: The project is focused on creating a decentralized NFT marketplace, which caters to ā€œsensualā€ content created by some of the best NFT artists in the DeFi space. Looking ahead, we will incorporate other features such as a launchpad, events, bounties, etc. Stay tuned! šŸ“» + +āœ”ļø STRUCTURE: There are no founding wallets. There was a limited pre-sale prior to launch, but none of the staff have a founding wallet. After launch, approximately 10 percent of the marketing wallet will unlock every week to fund and scale our operations. The CEO and CTO, Michael and Nadina, are fully doxxed and listed on our website. āœ… + +āœ”ļø OPERATIONS: The TasteNFT Team will execute mission in a systematic and professional manner. We will run this project like a corporation and leverage best practices we have observed across the DeFi segment. That said, we will always listen to the thoughts, suggestions, and concerns of our community. We believe that is the true power of DeFi. šŸ’Ŗ + +āœ”ļø MARKETING: We have assembled a world class marketing team drawing on talent from Fortune 500 companies. We have a structured marketing plan, which will execute with precision. We will be releasing additional details in the near-term. šŸ‘€ +_________________________________________________ +CONTRACT ADDRESS + +0xdb238123939637d65a03e4b2b485650b4f9d91cb + +TOKENOMICS + +šŸ”„ BURNED SUPPLY: 300 trillion tokens were burned prior to pre-sale! šŸ”„ + +šŸ’° REDISTRIBUTION: 5 percent for HODL'ers! šŸ’° + +šŸ”’ LOCKED: 5 percent added and locked in liquidity! šŸ”’ + +šŸ„ž LIQUIDITY: locked for 5 years! Pancakeswap. šŸ„ž + +šŸ’µ MARKETING: 52T tokens locked prior to pre-sale. We will unlock 10 percent per week to fund operations. šŸ’µ + +šŸ’ø INITIAL SUPPLY: 1 Quadrillion šŸ’ø + +šŸŒ WEBSITE: https://tastenfts.com/ + +šŸŒ TWITTER: https://twitter.com/tastenft + +šŸŒ TELEGRAM: https://t.me/TasteNFT +Hi guys. I currently owe 185k on my house. We racked up about 66k worth of debt in the last 10 years. Bought a truck, got laid off, had a family and just general over spending and not paying things off, couple house issues that cost$$ then burried our heads in the sand. +We just had our house appraised at 530k @ a 3% interest rate, and we would like to pull 115k out to pay all put debts off, that would put our mortgage payment at around 1400$. What we have is: 40k loc, 15k loc, 7k credit card, 4k credit card, 2k student loan ( 200$/month) my wife's Invisalign (150/MTh) her car at 7k ( 200$/MTh) currently we are really tight due to the fact that my wife is on maternity leave but we only get 33% of her wages. So our idea is to pay everything off so we are not as strapped but then we are paying on her teeth and car for the next 25years. +The rest of the money is going into a new deck on the front of our house ( ours is littlery falling apart ) and a garage for me so my wife can have her laundry room. +We could take more but I don't know what interest rates are going to do in 3 years. +Let me know if you need other information. + +Edit: if we lump all of our debt we save 650$ a month in payments which would offset the money we are loosing for my wife being off. +3% interest vs average of 10%. + +Also I'm waiting 2 years for the garage. +# FIND THE DRS POST HERE: [Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +Ok. For what I imagine will not be the final time, let's recap the DRS/Pin issue. + +For the past several months, the [Complete Guide to Computershare (AKA DRS)](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) post has been a semi-permanent fixture in this sub and has occupied one of those two pins more than 75% of the time (I'm being conservative with my estimate). + +Mods are allowed 2 pinned posts. We'd love 3. But Reddit allows only 2. + +We replace it only *temporarily* when there's something like a rule change, an important announcement, or, in the most recent instance, an AMA that we'd spent weeks working on. + +So, 75% or more of the time, when you come to Superstonk and look at its front page, you will be greeted by one of the top two posts being this one: + +[The DRS post](https://preview.redd.it/c82ay8djhf581.jpg?width=980&format=pjpg&auto=webp&s=fb936d450d893a3a67dcb67c274076178cc1d54b) + +This is the pin that takes you to the [Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) \- a post that has been live 24/7 for at least 3 months. This is just a pin... like a shortcut. The content it links to - the [Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) by [u/Doom\_Douche](https://www.reddit.com/u/Doom_Douche/) is ALWAYS available even if it's not pinned. + +If you want to refer to it later during the few instances per week that it might not be pinned up top, you can bookmark it, or even save it through Reddit. The post is *never* gone, we are just temporarily using the real estate on the front page for something other than a link to the post. + +Furthermore, whenever we take it down, we are sensitive to make sure that the FIRST SENTENCE of any post replacing it contains a link to it. Here are some examples: + +[From the Rule 7 Update](https://preview.redd.it/5r9s34pkhf581.jpg?width=693&format=pjpg&auto=webp&s=4aca6f0ddc5f1b37c2cdb745c34941becf17b7bd) + +&#x200B; + +[From the NFT Roundtable](https://preview.redd.it/xh7jva6mhf581.jpg?width=1056&format=pjpg&auto=webp&s=a526d98b070bee40df5baea9b2b15f7d15ee92bb) + +&#x200B; + +Additionally, the top pinned comment in EVERY NEW POST is from "QualityVote." This top comment contains this link: [What is DRS and why should you care?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) This link also takes you to the DRS guide. + +[QualityVote](https://preview.redd.it/zp374jquhf581.jpg?width=1082&format=pjpg&auto=webp&s=0912a02c1a5c61778b30fdf708b7265c868655a9) + +Last, but not least, if you're a mobile user or a desktop user of new Reddit, simply look (or swipe to) the right. On the right-hand side of the page (or with a solid swipe right on mobile), you'll see this section, which contains permanent links to all the most important things going on, and the DRS post is ALWAYS there. + +[Community Posts](https://preview.redd.it/35gla02xhf581.jpg?width=328&format=pjpg&auto=webp&s=7723c0bb9cf580a34034472db4ee66a57569ee7b) + +We've worked very hard as a team to make this guide accessible and easy to find. And now, hopefully, you have a few more resources to check next time it happens to be down for a few hours while we make sure we're communicating other important information. + +At this point, you should be able to feel confident in a backup plan for the few times a week that this post isn't pinned up top. + +If, after this explanation, your takeaway is that you're still upset that there will be brief interruptions to the DRS link being pinned up top, here's a suggestion for how to help instead of posting about your discontent: direct ***all*** your energy towards Reddit so that we can have more than 2 pins. Not only would it solve the problem, but it would also be a much more productive use of our collective energy. 700k+ members all clamoring for a third pin might make it happen. Just be professional about it, please. + +[Pretty much sums it up](https://preview.redd.it/crno5z8yhf581.jpg?width=500&format=pjpg&auto=webp&s=ba698941d74ac6428442c56ad5ea21db8e55220f) + +Credit: [https://www.reddit.com/r/Superstonk/comments/rewfbu/at\_this\_point\_youre\_just\_complaining\_to\_complain/](https://www.reddit.com/r/Superstonk/comments/rewfbu/at_this_point_youre_just_complaining_to_complain/) by [u/semerien](https://www.reddit.com/user/semerien/) + +&#x200B; + +**TA;DR: Seems like people are looking for the DRS Guide in all the wrong places. Here are a few places to look from now on.** + +**DRS post is available in the following places:** + +**-Pinned at the front page of Superstonk as MUCH AS IS POSSIBLE** + +**-In any pinned post that replaces it as the first sentence** + +**-In** ***every*** **new post, the first comment under "quality vote"** + +**-On the right-hand column of both desktop and mobile, under "Important Community Posts"** + +\- The Mod Team šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ +I spent a fuck tons of money getting a degree in Finance. For all those years, what I learned was market is efficient and fair. Supply and demand should drive the market. It will correct itself with price discovery. Blah blah blah. I was so naive to fucking believed it. + +Anyone with 1 braincell will see that it's not true at all. Just fucking look at the price action and the [correlation between meme stocks](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/). It is absolutely disgusting. A cinema is being traded almost exactly the same way as a store that selling game? And almost exactly similar to a company that making phone? + +And the guy who runs one of the biggest stock broker, the first one that restricted stock buying because he was afraid it will break the system, came online and said it is impossible to naked short because the penalty is severe? What the actual fuck? Sure, that makes sense. Speeding on the road is impossible because the penalty is also very severe. Driving under influence is also impossible because the penalty is also very severe. Murder is also impossible because the penalty could also be very severe. What kind of fucking logic is that? Unless English is his 4th language and he doesn't understand the meaning of the word 'impossible'. + +The whole financial system is a joke. It is just an extended arm of the riches to exploit the poor. They can pull the plug whenever they want. Efficient my ass! + +Even the education system is a shame. It is so disconnected with reality that it creates more harm than any good to society. Either that or it is also manipulated by the rich to brainwash society. + +After the MOASS, I will not invest in stocks anymore. It is the biggest scam in the history. + +End rant. +He has the money to pay and it's frustrating to keep getting notices that he still owes, whenever he attempts to make payments and they continued to deny them. + +He rang them up repeatedly, only to be told this time, that it was because his funds weren't from an actual bank account (he uses Bancorp) Is it possible to open at least a checking account with another bank, given his credit financial history in order to pay off the student loans? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I watched a lot of TastyWorks and Option Alpha videos on YouTube learning about credit spreads and I don't understand the math behind taking your trades off at 50% of max profit. If your trading $2,000 worth of risk per trade, making sure to get about 30% of that in premium, that means your max return is $600, but if your always taking your trades off at 50% of max profit then your only making $300 per trade. That means it will take 7 winning trades just to break even off of 1 loss. + + +I get that taking your trades off early means you can redeploy your capital faster and it means your taking less risk since the trade is open for a shorter period of time but, that still means just 1 loss sets you really far back so on paper it sounds like your really just going to break even in the long run + + +Is there something I'm missing or not understanding? +I've been on the sub for a while and just tested out my first tip. I'd been paying around $70/month for my cellphone bill through Verizon for about two years - basic stuff, 5GB of data, nothing fancy. Someone here posted a tip about swapping to prepaid plans, so I did some research! + +I found a deal through another carrier (AT&T) for $25/month with 8GB of data/month, but you have to pay the full year up front ($300). It was a big chunk of my monthly change, but now I don't have to pay a single cellphone bill for the next year. Saving myself almost $50/month and now keeping that $70 in my pocket every month! +For the most part, everything I've seen regarding income inequality is that it is simultaneously a good and bad thing. The good thing is how as the investors and producers of value gain value in whatever stock or company they own, they can invest some of that value back into their companies to drive income flow and possibly greater profits. The drawback commonly seen with this is if investors and executives are gaining such a runaway amount of money that don't return value to the economy, particularly in their own companies, it starts to hurt efficiency and economic and societal wellbeing. The other possible pitfall is if the profits produced are retained by a few people above their own actual value, either through lobbying or strategic tax avoidance moves, such as moving money offshore. Though those are less to do with the effects of wealth accumulation but rather how that wealth accumulation can come to be (by manipulating governments, laws, and other things outside capitalism). All of this is very messy because everyone always talks about it in terms of concepts. + +"Ah yeah, we need income inequality to drive capitalism" +"But what about this, this, and this related to income inequality which are detrimental to societal wellbeing?" + +There are no driving answers to where the lower and upper limits of beneficial income equality are. Everything I've ever been introduced to in economics has some sort of theory, often math and logic, behind it. Are there developed theories on when income inequality is or is not beneficial to capitalist growth? Are there concepts like the economic concepts of socially efficient values, marginal social cost, and welfare loss but with income distributions? I know that's a stretch but it's just to put into perspective what I want out of this thread. + So I know that we should never mistake an exchange rate (at a static point in time) for the strength of a currency, or even worse, the strength of the economy. The strength of a currency is better determined by long-term movements & trends of the currency over time - hence we can see that the real strength of the pound is steadily weakening: this is reflected in that the pound is weakening against the dollar. Correct? + +The pound has been plummeting against the dollar lately. Traders have been speculating it will reach parity with the dollar. Will it actually reach parity? What are the implications of this. + +The BOE has been panic-hiking its rates, is the pound still so stubborn as to keep falling? +I imagine many of us got derailed from our academic endeavors to go into industry. Personally, I never had the intention to stay in industry, I was originally planning on saving some money and going back to grad school. + +I'm sure it's very common for people who reach fatFIRE to be seeking fulfillment and challenge. Personally, I don't want to become an "investor" or CEO or any job which would truly move the needle financially... which makes me take a hard look at industry jobs for their fulfillment/engagement potential. + +All I know is that I really enjoyed school. I know the singer from the offspring went back and got a Ph.D... this has to be quite common. Has anyone done this? What do you think about the idea? Mid thirties, brain shrunk from working in industry, showing up for a Ph.D. program after 10+ years out of school. +It doesnā€™t mean that the shorts have covered. It could just be traders realizing what is going on and we go through a new phase of pre-covering price discovery. Donā€™t let a 4 figure share price turn you into a paperhanded bitch. The margin calls and liquidations will take time. And the prime brokerages making the margin calls are basically pulling the trigger on themselves. So expect major fuckery. + +As cosmic lighting warrior put it last night, Ryan Cohen is the new pit boss, and the SEC/DTCCā€˜s table is about to get fucking flipped, and the players are going to move over to Ryanā€™s new NFT table. + +Itā€™s going to take a long time for the players to cash out their fraudulent poker chips. Itā€™s going to get messy. Speaking for myself, simple logic demands that I hold until earth shattering amount. + +We are looking at possibly the single biggest financial event in human history. +I write algos that do my trading, so I hardly every actually trade manually. Last night I had literally nothing better to do so I pulled out the charts and got my little 10k account out to play with. Like three hours later I felt like my soul was dying. Basically u look at the chart, place a trade, then wait until the trade ends, and then do it again. How do you guys not go insane? + +Hey Apes + +What seems like a very long time ago now, I began pushing eToro to provide evidence that they have registered shares and allocated them to my name like they have advertised. + +Since then, the AFCA has finally assigned my case to a worker. But also since then, I wised up, grew some wrinkles and bought a share from giveashare.com and decided to be brave and start my own transfer process out of eToro. (I have XX shares in eToro and X shares in CS, slowly getting across to the land of purple circles.) + +But I have been contacted recently from the AFCA and the case has begun. eToros initial response to AFCA was to screen shot their final email to me stating they will not transfer shares nor will they provide evidence that shares are registered and allocated to my name. + +I will add some part of the AFCA email to me (removing dates, and personal information, also anything that could affect my case in anyway). +I will also add my email I have sent back, Iā€™m too smooth to know how to add pics here so Iā€™ve found away around it. + +Please donā€™t put me down if what Iā€™ve replied back is too smooth. Iā€™m out here doing my best, trying to help any of those still stuck with eToro. + +Partial email from AFCA: + +This letter sets out: + +ā€¢ my understanding of the complaint and the issues I will investigate ā€¢ the information you need to send me by - date - + +ā€¢ information we have received from eToro (separate attachments) +If you cannot send me the information I am asking for by - date - please let me know straight away. + +Because I will share the information you provide with eToro, only give me information that is relevant to the complaint. + +I believe the complaint may resolve by negotiation. I will continue discussions with you and eToro to see if this is a possibility. + +If the complaint is not resolved, I will continue with my review of the information provided by both parties. I will then provide a preliminary assessment about the merits of the complaint. + +After this, if the complaint is still not resolved or if you or eToro do not accept the preliminary assessment, we will issue a final decision. + +My understanding of the complaint +You say you purchased shares in GameStop (GME). You say you are concerned about the current state of GME shares and believe it is shorted in the market. + +You say: +ā€¢ eToro is unwilling to transfer your shares off platform. +ā€¢ eToro is unwilling to issue you a letter to confirm the number of shares you own. + +You say you are seeking either a letter to confirm your allocation of shares or a transfer of your shares off platform as resolution of this complaint. + +eToro says your shares are held on trust for you in a registered Managed Investment Scheme and you are the beneficial owner of the shares. eToro says a custodian is in control of the Schemeā€™s assets and this structure provides protection to clients of eToro. It further says the Scheme Constitution does not provide for transfer of individual securities from the Scheme to clients, however, it can sell proceeds. + +End email. + +My response: + +Dear AFCA MAN + +I appreciate eToros attempt to resolve this situation, unfortunately from my view, this issue still remains unresolved. +As you can see from eToros response, the information I have requested has not been provided. There is also no reasons provided as to why transferring of shares or proof of registered shares can not be given. + +I have read through the eToro terms and conditions, I have searched for information across the ASIC website. And I am yet to find any statement suggesting eToro/Gleneagle asset management, have rights to refuse cooperation in transferring shares, nor can I find any statement claiming eToro has the right to refuse evidence of shares being registered. +Is it legal for eToro as a broker to refuse the option of transferring shares? + +I have attempted to make contact with GAML through their website, I sent an enquiry with my email address given, regarding the issue of proof of registered shares. Although I did not get a response. +Can we also engage in requesting information from Glenagle Asset Management ltd? +What are the reasons they refuse transfer of shares? Is this illegal of Australian laws to refuse an investor the option to transfer from one broker to another? Will they provide evidence that GME shares have been registered and allocated? + +I have researched GAML and itā€™s history as a company. Formerly trading as Trimcom investment management limited, I found articles with information explaining market manipulation by Trimcom. Although this is different circumstances, the issue remains the same that the trust of these companies is not there. And as a retail investor I have decided I will need evidence provided that all parties involved in this trade are being fair and honest. + +Focusing on the issue of transferring shares, I want to attach an example of the type of feedback customers are getting when requesting share transfer. This was posted to eToros news feed in the eToro App: (Iā€™ve added a link of the screenshot I used) + +[screenshot of eToros response to DRS](https://www.reddit.com/r/Superstonk/comments/rai7ey/go_to_twitter_tag_etoro_and_tell_them_your/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + +A major broker with a massive international customer base claims they have only recently heard of the DRS. That is a concern. +Another major concern is the transparency not provided, eToro continues to refuse to offer any evidence that any shares have been registered and allocated. +My positions have been closed due to ā€˜technical errorsā€™ causing stop losses to be added to those positions, this is another concern. + +Investors across the globe are constantly asking eToro the same questions and are being ignored. + +[I used this video to send screenshots of DRS requests](https://www.reddit.com/r/Superstonk/comments/q982q5/i_am_so_proud_of_etoro_apes_the_comment_section/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +This is a small example of these requests being made via eToros news feed. + +I believe these requests are very simple, and I believe I have the right to see these requests fulfilled. + +Summary: + +Do I have legal rights to obtain the information I have requested? + +eToro states they have purchased the shares on my behalf: + +There has been no proof provided that eToro has purchased the stock in my name. + +What legal reasons does eToro/GAML have to refuse transferring shares from one broker to another or to the DRS? +Do the laws in Australia state that brokers must allow retail investors the right to transfer shares from broker to broker? + + +References: + +Name: GLENEAGLE ASSET MANAGEMENT LIMITED +ACN: 103 162 278 +ABN: 29 103 162 278 +(External Link) +Registration date: 13/12/2002 +Next review date: 15/02/2022 +Former name(s): GLENBRIDGE ASSET MANAGEMENT LIMITED, TRICOM INVESTMENT MANAGEMENT LIMITED + +Status: Registered +Type: Australian Public Company, Limited By Shares +Locality of registered office: SYDNEY NSW 2000 +Regulator: Australian Securities & Investments Commissio + +Trimcom fined for market manipulation - + +https://www.smh.com.au/business/record-fine-for-tricoms-manipulation-20090710-dg0q.html + +eToro terms and conditions: + +https://www.etoro.com/wp-content/uploads/2020/05/Combined-FSG-eToro-Capital-GAML-20.05.2020.pdf + +https://www.etoro.com/wp-content/uploads/2021/12/Combined-Account-Terms-eToro-GAML-DVS_-crypto-transfer-and-trust-amendments-07.12-1.pdf + +https://www.etoro.com/wp-content/uploads/2021/06/Combined-PDS-Non-NDC-eToro-Capital-GAML-21.06.2021.pdf + +Potentially relevant information: + +CP 291 Reporting rules: Derivative retail client money. - https://asic.gov.au/media/4509276/rep546-published-10-october-2017.pdf + + +Complying with the ASIC Client Money Reporting Rules 2017 - https://asic.gov.au/regulatory-resources/financial-services/complying-with-the-asic-client-money-reporting-rules-2017/ + + +Kind regards, + +Ape man. + +End of email. + +Please bear in mind I wrote this up while I should have been workingā€¦ If anyone can add to this positively, that would be much appreciated. Anyone else stuck on eToro looking for an out - my non financial advice would be, have a look at giveashare.com. Begin the process. +Got some PLTR at $11.50 about a month ago and sold a covered call for $11.50 strike that expired last week. The share price moved up, the call I sold was negative in value, and then my shares got automatically sold. + +I'm sure you all are reading this and thinking this is lame but I've never been assigned before. It's kind of fun, I learned something, and I made a few bucks in the process. Obviously I've got a lot more to learn so thank you. +Hi everyone, + +I work as a PM at a large tech company and as part of my job it's important for me to understand major technology trends and tech companies. I put this post together to share some key takeaways I had from looking at Airbnb's S-1 filing. If you found this post valuable and would like to read more please let me know. I'm thinking about writing like this more often if it's something people get value from. Thanks + +On Monday November 16th, Airbnb filed to go public. While a target IPO price has not yet been set, Airbnb looks to be aiming to raise about $3 billion dollars at an analyst-estimated valuation of $30 billion. This is up from Airbnb's most recent valuation of $18.1 billion in April of this year when it raised a total of $2 billion in debt to cope with the Covid-19 crisis. + +Airbnb is a remarkable company. What started in 2007 as 2 friends renting out airbeds in their apartment to attendees of a conference has, 13 years later, grown into a company operating in 220 countries with over 4 million hosts who have cumulatively earned over $110 billion. In 2019, there were 327 million nights and experiences booked on Airbnb. Nobody could have predicted those numbers in 2007. Airbnb has defined a brand new travel category and become a standard part of our vocabulary, much like Zoom. As they state in their S-1: + +>*" ā€œAirbnbā€ has become synonymous with one-of-a-kind travel on a global scale."* + +But, while Airbnb is clearly a remarkable company, is it a good investment? Thatā€™s the question that this post aims to answer. Here are some key takeaways from an analysis of Airbnbā€™s recent S-1 filing: + +(\****Note:*** *In case youā€™re wondering, an S-1 is the document that a companies files with the SEC when they plan to go public)* + +1. Airbnb is a resilient business + +The Covid-19 pandemic has had a huge impact on Airbnbā€™s business. Gross booking value (GBV) in March was down 127%. Due to cancellations and alterations, Airbnb actually lost money on bookings in March. However by August, GBV was only down 14% when compared to August 2019. This impressive recovery shows how strong Airbnbā€™s business is. + +For the 9 months ending September 2020, Airbnb posted a revenue drop of 32% when compared with the first 9 months of 2019. While this is a concern, the cut to sales and marketing expenditure at the same time points to a business that is quite resilient - In the same time period that revenue dropped by 32%, Airbnb cut its sales and marketing spend by a massive 54%. The ability to cut sales and marketing spend by over half while only having a revenue drop of 32% (in the middle of a pandemic) points to a business that is highly resilient with strong brand and customer loyalty. + +2. Post-Covid travel patterns may benefit Airbnb + +If we compare the gross nights and experiences booked on Airbnb to Airbnbā€™s gross booking value (GBV), we see an interesting pattern. Gross bookings in August are down 28% YoY while GBV is only down 14%. This means that the average spend on an individual booking has actually trended up this year! To further validate this point, long-term stays were down only 13% this year, compared to 81% for short-term stays. There was actually YoY growth for long-term stays from May to September. The importance of long-term stays is highlighted by the quote below: + +>*ā€œWe believe the long-term stays category represents a different use case than leisure travel, and as a result, was not as impacted as dramatically byĀ COVID-19.ā€* + +Long-term stays are a distinct competitive advantage for Airbnb and if trends continue they could drive a lot of long-term growth. + +Airbnb has also highlighted a number of other categories that have performed particularly well this year. In particular, ā€˜domestic travelā€™, ā€˜short-distance travelā€™ and ā€˜travel outside top 20 citiesā€™ have performed very well. For example, short-distance travel grew a whopping 38% YoY in September. + +No doubt these trends will reverse somewhat as we exit the pandemic. However, it is unlikely they will reverse fully. If these trends maintain decent momentum, they represent a shift in travel patterns that uniquely benefits Airbnb and provides a significant competitive advantage. + +3. Strong customer retention and brand loyalty + +One of the most striking figures from the S-1 is that 91% of Airbnbā€™s traffic is organic, coming from direct and unpaid channels. This is very impressive. Airbnb has built an incredible brand and clearly has strong brand loyalty. + +>*ā€œOur strategy is to increase brand marketing and use the strength of our brand to attract more guests via direct or unpaid channels and to decrease our performance marketing spend relative to 2019.ā€* + +Customer engagement and retention are also impressively high on the platform. In 2019, 68% of guests left a review of their stay. 69% of revenue generate in 2019 was from repeat guests. + +Airbnb also has very strong retention among their host community. In 2019, 84% of revenue came from people who had hosted in 2018. This shows that the majority of hosts are staying on the platform and continuing to earn money through Airbnb. + +4. International expansion is a big opportunity + +Airbnbā€™s revenue growth has slowed over the last three years. It grew by 32% in 2019, down from 43% in 2018. While slowed growth is never great, 32% is quite healthy. + +It remains to be seen what the impacts of Covid-19 will be on growth over the next few years. However, there seem to be big opportunities for international expansion which would allow Airbnb to maintain (and possibly improve) its growth rate. + +Airbnb believes that its total addressable market is a whopping $3.4 trillion. While you can always take these predictions with a grain of salt, it is clear that Airbnb believes that a big part of this market opportunity lies outside the US and Europe. They highlight international expansion as a key part of their long-term growth strategy: + +>\*ā€œ\****Expand our global network.*** *We plan to expand our global network in the countries in which we already have a deep presence, as well as to expand into markets where our penetration is lower, such as India, China, Latin America, Southeast Asia, and tens of thousands of smaller markets and remote areas around the world.ā€* + +There are some encouraging signs that Airbnb has the potential to grow their international markets. They operate in 220 countries and importantly, 86% of their hosts are outside the US. International markets have also seen an increase in GBV and average nights per booking. In fact, Latin America has the highest average nights per booking of any region, at 4.1 nights. (North America is 3.7) + +The strong customer loyalty previously mentioned, significant host presence in international markets (86%) and changing consumption patterns towards longer stays means that Airbnb has the potential to unlock a lot of value as they focus on international markets. + +5. Regulation is a big concern + +Regulation is a big risk for Airbnb. 70% of the companyā€™s top 200 largest cities (by revenue) have implemented some form of regulation on short-term stays. For example, London has put a 90 nights per year limit on short term stays for properties without specific planning permission to do so. + +Airbnb make it clear in the S-1 that the evolving regulatory situation is a cause for concern: + +>*ā€œWe are subject to a wide variety of complex, evolving, and sometimes inconsistent and ambiguous laws and regulations that may adversely impact our operations and discourage hosts and guests from using our platform, and that could cause us to incur significant liabilities including fines and criminal penalties, which could have a material adverse effect on our business, results of operations, and financial condition.ā€* + +Airbnb makes sure to point out that they are not dependant on any one city, region or country. For example, the US is the only country that represents over 10% of Airbnbā€™s revenue. While this may be true, the evolving regulatory environment does not seem to be going in Airbnbā€™s favour. + +Investment Plan + +*Please note that this is just an explanation of investing decisions for my personal portfolio and not a recommendation to anyone to buy/sell any stock.* + +To make a decision on whether or not to invest in Airbnb, I believe there are 3 important questions to answer: + +1. Does Airbnb have good upside potential? +2. What year should conclusions be based on? +3. What is a fair valuation? +4. Does Airbnb have good upside potential? + +Although there are regulatory concerns, based on the above analysis I believe that Airbnb has strong upside potential. + +2. What year should conclusions be based on? + +The Airbnb S-1 is primarily focused on 2019 numbers. Airbnb believes that 2019 figures are the fairest reflection of the strength of the business. They believe that 2020 is a highly irregular year and that the company will rebound quickly post-covid. Investors should come up with their own conclusion on that but I agree with Airbnb that 2019 is a fair reflection of the business. + +3. What is a fair valuation for Airbnb? + +This is where things get tricky. In some ways, Airbnb doesnā€™t have any direct competitors to compare against. They are similar to both OTAs (online travel agents) and hotel chains like Hilton but obviously quite different in a number of ways too. + +In my opinion, an interesting comparison is with Uber. While not exactly the same, Airbnb and Uber have a lot of similarities. They are both semi-marketplaces (Airbnb is closer to a true marketplace). Uber connects drivers with riders while Airbnb connects hosts with guests. They have a similar business model in that they both take a % of each transaction on their platform. + +Obviously there are quite a few differences. In particular, Uber drivers are far more commoditised than Airbnb hosts. Uber also has more direct competition (Lyft). + +Looking at 2019 figures for the fairest comparison, Uber is currently priced at roughly 6.33 times 2019 revenue. If we go with the analyst expected valuation of $30 billion, Airbnb would be valued at roughly 6 times 2019 revenue. Uber grew revenue 26% YoY in 2019 while Airbnb grew 32%. + +With all of this in mind and particularly considering that Uberā€™s model is less defensible, I believe that the analyst-estimated $30 billion valuation represents a very good price for Airbnb. + +Whatā€™s my plan? + +My plan is to wait and see what happens on IPO day. If analysts are wrong and the stock pops above $40/50 billion, I wonā€™t be purchasing and will wait to see what Airbnbā€™s performance is like over the next few months. If the stock settles at or below $30 billion, then I will definitely be adding it to my portfolio. + +Whatā€™s your plan? + +Are you considering investing in Airbnb? What did you think of my analysis above? Anything I missed? Let me know your thoughts. + +And please let me know if you found this post valuable and would like to read more. Thanks +This is inspired by this documentary: [How Chinese money is buying Solomon Islands | Four Corners](https://www.youtube.com/watch?v=ZfXX0QaNLWw) + +The cost of bringing workers from the PRC involves paying for their transport and housing on top of their wages. Considering that the the Solomon Islands are much poorer than the PRC, wouldn't it be cheaper to hire locals, especially for menial jobs, not those that require a lot of training and specialisation? + +The only reason I could imagine companies from the PRC forgoing profits to fly in labourers from the PRC instead of hiring locals is if it's a national security issue (i.e. they are building military or spy installations). But could there be other reasons? +title edit: 1 in 3.5 million? Billion? Quadrillion? Whatever. + +Vlad has often cited this 3rd party analyst claim, calling it a black swan event. Here's why that's a total crock. + +This is not the first ever short squeeze. Nor was it the largest by any measure. The volatility of equities being squeezed is common knowledge and expected. GME **doubled** in price the 2 weeks leading up to the squeeze, on astronomical short interest. We all knew it was squeezing, why didn't Robinhood? + +*"Yeah, but RH had so much more exposure than expected because so many retail buyers were buying it on their platform."* Well, duh. Why do you think stocks squeeze? Because of retail hype. And not only did Robinhood have the data to know and expect their user base to be in big on the squeeze, **it's their freaking business model.** They actively highlight popular stocks to attract new users and entice trading activity. + +So WTF was Robinhood expecting? They just fell asleep and are entirely culpable. +https://www.cnbc.com/2020/08/10/judge-grants-preliminary-injunction-requiring-uber-and-lyft-to-stop-classifying-drivers-as-contractors.html + +> A California judge granted a preliminary injunction Monday requiring Uber and Lyft to stop classifying their drivers as independent contractors pending further action by the court. The order will take effect after 10 days, as the companies requested a brief stay during the appeals process. +> +> If upheld, the ruling could have serious implications for Uber and Lyft, both of which are not yet profitable and have seen their ride-hailing businesses suffer during the pandemic. By classifying their drivers as independent workers, rather than employees, the companies have not had to pay for costly benefits that come with a full-time staff. +> +> California Attorney General Xavier Becerra requested the injunction as part of a lawsuit he brought in May along with city attorneys from San Francisco, Los Angeles and San Diego. The suit, filed in San Francisco Superior Court, alleged Uber and Lyft violated the stateā€™s new law known as Assembly Bill 5 (AB5), which was created as a way to classify gig workers as full employees and ensure benefits from their employers. Uber and Lyft were among a group of tech companies that have previously opposed the bill, arguing their workers enjoy the flexibility of creating their own schedules as contractors. +> +> California officials sought an injunction on the alleged misclassification and restitution for workers and civil penalties worth up to hundreds of millions of dollars. +> +> Shares of Uber were down 0.8% during extended trading Monday and Lyft shares were down 1.7%. +> +> Both companies said they would appeal the ruling immediately. +> +> ā€œThe vast majority of drivers want to work independently, and weā€™ve already made significant changes to our app to ensure that remains the case under California law,ā€ an Uber spokesperson said. ā€œWhen over 3 million Californians are without a job, our elected leaders should be focused on creating work, not trying to shut down an entire industry during an economic depression.ā€ +> +> ā€œDrivers do not want to be employees, full stop,ā€ Lyft said in a statement. ā€œWeā€™ll immediately appeal this ruling and continue to fight for their independence. Ultimately, we believe this issue will be decided by California voters and that they will side with drivers.ā€ +> +> ā€œThe court has weighed in and agreed: Uber and Lyft need to put a stop to unlawful misclassification of their drivers while our litigation continues,ā€ Becerra said in a statement. ā€œWhile this fight still has a long way to go, weā€™re pushing ahead to make sure the people of California get the workplace protections they deserve. Our state and workers shouldnā€™t have to foot the bill when big businesses try to skip out on their responsibilities. Weā€™re going to keep working to make sure Uber and Lyft play by the rules.ā€ +> +> Uber CEO Dara Khosrowshahi advocated for a ā€œthird wayā€ to classify workers in a letter to President Donald Trump in March as the first round of coronavirus relief measures were being negotiated. He argued there should be a way for workers to gain protections without sacrificing the flexibility of contract work. +> +> In the ruling, Judge Ethan Schulman recognized the value of flexibility offered by Uber and Lyft, writing, ā€œThe Court does not take lightly Defendantsā€™ showing that a preliminary injunction may also have an adverse effect on some of their drivers, many of whom desire the flexibility to continue working as they have in the past, and may have commitments that make it difficult if not impossible for them to become full-time employees.ā€ +> +> But Schulman wrote that Uber and Lyftā€™s concerns that the injunction would have ā€œfar-reaching effectsā€ had ā€œonly been exacerbated by Defendantsā€™ prolonged and brazen refusal to comply with California law. Defendants may not evade legislative mandates merely because their businesses are so large that they affect the lives of many thousands of people.ā€ +> +> Schulman wrote that any impact of the injunction on Uber and Lyftā€™s businesses would likely be mitigated by the fact that both have said the ā€œvast majority of their drivers work on a casual or sporadic basisā€ and the reality that the coronavirus pandemic has ā€œdrastically reduced the demand for Defendantsā€™ services.ā€ +> +> ā€œNow, when Defendantsā€™ ridership is at an all-time low, may be the best time (or the least worst time) for Defendants to change their business practices to conform to California law without causing widespread adverse effects on their drivers,ā€ Schulman wrote. +> +> Uber and Lyft sought to delay the ruling until there was a ruling on Uberā€™s constitutional challenge of AB5 or until voters weighed in on a ballot measure they sponsored to exempt them from the law. The Court dismissed those requests. +> +> Schulman said Uberā€™s arguments that driversā€™ work was outside the ordinary course of its business, as the standard requires, was ā€œa classic example of circular reasoning.ā€ He summarized the argument as saying that since Uber views itself as a tech company, only its tech workers are its employees. +> +> ā€œWere this reasoning to be accepted, the rapidly expanding majority of industries that rely heavily on technology could with impunity deprive legions of workers of the basic protections afforded to employees by state labor and employment laws,ā€ the judge wrote. +> +> The ruling does not end the legal battles for Uber and Lyft, however. Last week, Californiaā€™s Labor Commissioner announced lawsuits against the companies alleging wage theft due to misclassification. The commission seeks to recover wages it believes were owed to drivers currently classified as contractors. The suits were filed in Alameda County Superior Court. +https://www.cnbc.com/2020/08/10/judge-grants-preliminary-injunction-requiring-uber-and-lyft-to-stop-classifying-drivers-as-contractors.html + +> A California judge granted a preliminary injunction Monday requiring Uber and Lyft to stop classifying their drivers as independent contractors pending further action by the court. The order will take effect after 10 days, as the companies requested a brief stay during the appeals process. +> +> If upheld, the ruling could have serious implications for Uber and Lyft, both of which are not yet profitable and have seen their ride-hailing businesses suffer during the pandemic. By classifying their drivers as independent workers, rather than employees, the companies have not had to pay for costly benefits that come with a full-time staff. +> +> California Attorney General Xavier Becerra requested the injunction as part of a lawsuit he brought in May along with city attorneys from San Francisco, Los Angeles and San Diego. The suit, filed in San Francisco Superior Court, alleged Uber and Lyft violated the stateā€™s new law known as Assembly Bill 5 (AB5), which was created as a way to classify gig workers as full employees and ensure benefits from their employers. Uber and Lyft were among a group of tech companies that have previously opposed the bill, arguing their workers enjoy the flexibility of creating their own schedules as contractors. +> +> California officials sought an injunction on the alleged misclassification and restitution for workers and civil penalties worth up to hundreds of millions of dollars. +> +> Shares of Uber were down 0.8% during extended trading Monday and Lyft shares were down 1.7%. +> +> Both companies said they would appeal the ruling immediately. +> +> ā€œThe vast majority of drivers want to work independently, and weā€™ve already made significant changes to our app to ensure that remains the case under California law,ā€ an Uber spokesperson said. ā€œWhen over 3 million Californians are without a job, our elected leaders should be focused on creating work, not trying to shut down an entire industry during an economic depression.ā€ +> +> ā€œDrivers do not want to be employees, full stop,ā€ Lyft said in a statement. ā€œWeā€™ll immediately appeal this ruling and continue to fight for their independence. Ultimately, we believe this issue will be decided by California voters and that they will side with drivers.ā€ +> +> ā€œThe court has weighed in and agreed: Uber and Lyft need to put a stop to unlawful misclassification of their drivers while our litigation continues,ā€ Becerra said in a statement. ā€œWhile this fight still has a long way to go, weā€™re pushing ahead to make sure the people of California get the workplace protections they deserve. Our state and workers shouldnā€™t have to foot the bill when big businesses try to skip out on their responsibilities. Weā€™re going to keep working to make sure Uber and Lyft play by the rules.ā€ +> +> Uber CEO Dara Khosrowshahi advocated for a ā€œthird wayā€ to classify workers in a letter to President Donald Trump in March as the first round of coronavirus relief measures were being negotiated. He argued there should be a way for workers to gain protections without sacrificing the flexibility of contract work. +> +> In the ruling, Judge Ethan Schulman recognized the value of flexibility offered by Uber and Lyft, writing, ā€œThe Court does not take lightly Defendantsā€™ showing that a preliminary injunction may also have an adverse effect on some of their drivers, many of whom desire the flexibility to continue working as they have in the past, and may have commitments that make it difficult if not impossible for them to become full-time employees.ā€ +> +> But Schulman wrote that Uber and Lyftā€™s concerns that the injunction would have ā€œfar-reaching effectsā€ had ā€œonly been exacerbated by Defendantsā€™ prolonged and brazen refusal to comply with California law. Defendants may not evade legislative mandates merely because their businesses are so large that they affect the lives of many thousands of people.ā€ +> +> Schulman wrote that any impact of the injunction on Uber and Lyftā€™s businesses would likely be mitigated by the fact that both have said the ā€œvast majority of their drivers work on a casual or sporadic basisā€ and the reality that the coronavirus pandemic has ā€œdrastically reduced the demand for Defendantsā€™ services.ā€ +> +> ā€œNow, when Defendantsā€™ ridership is at an all-time low, may be the best time (or the least worst time) for Defendants to change their business practices to conform to California law without causing widespread adverse effects on their drivers,ā€ Schulman wrote. +> +> Uber and Lyft sought to delay the ruling until there was a ruling on Uberā€™s constitutional challenge of AB5 or until voters weighed in on a ballot measure they sponsored to exempt them from the law. The Court dismissed those requests. +> +> Schulman said Uberā€™s arguments that driversā€™ work was outside the ordinary course of its business, as the standard requires, was ā€œa classic example of circular reasoning.ā€ He summarized the argument as saying that since Uber views itself as a tech company, only its tech workers are its employees. +> +> ā€œWere this reasoning to be accepted, the rapidly expanding majority of industries that rely heavily on technology could with impunity deprive legions of workers of the basic protections afforded to employees by state labor and employment laws,ā€ the judge wrote. +> +> The ruling does not end the legal battles for Uber and Lyft, however. Last week, Californiaā€™s Labor Commissioner announced lawsuits against the companies alleging wage theft due to misclassification. The commission seeks to recover wages it believes were owed to drivers currently classified as contractors. The suits were filed in Alameda County Superior Court. +The sudden increase in posts warning of shorting the IPO in case they squeeze it seems so strange to me. +Why would anyone frequenting this sub even be thinking about the IPO, let alone wanting to throw away money shorting it. + +If anything warning about a potential squeeze may trick people into actually going long on the fucking thing. + +Just forget Robinhood altogether. Let them go down in lawsuits and loss of customer base +I felt the urge to make this post after what has seemed like a rash of "I'm 19 and want to FI after I finish college" and "My spouse/SO is incompatible with FIRE! Wat do?" threads lately. + +This is part reminder, part exposition: It ties directly to the concept of "Build the Life You Want, *then* Save For It" that the FAQ espouses. A lot of people seem to be forgetting the first part. + +There is a growing movement lately of focusing on systems rather than goals in life design, and using passion rather than *following* passion. This perspective has a growing list of advocates (including myself) but the best known figureheads at this point are probably [Scott Adams](https://www.youtube.com/watch?v=MSrd5od9lyk) and [Mike Rowe](https://www.youtube.com/watch?v=NT1i26RbrhM). Both of these guys have done a lot of work and public speaking lately upending the "What you're supposed to do" template that r/lostgeneration endlessly whines about. [Mike Rowe in particular](https://www.youtube.com/watch?v=qzKzu86Agg0). + +What I'm getting at here, by the slightly long route, is a reminder not to focus on the *goal* of a certain number of net worth to the detriment of *being happy right now*. If you are doing something miserable to try and obtain a number, that misery is not going end once the number arrives. Refer back to any number of "X year update post-FIRE" threads in this sub and you will see this as a consistent theme. There is a profound amount of discussion in those threads on the topic of maintaining happiness requiring diligence and intentional action. + +A good "life system" is going to allow you to pursue FI without constantly pining for it to ***be here right now*** because you will be happy along the way. Some of you won't like this because you get kicks out of running the numbers, but a well constructed set of systems and life responsibilities will eliminate any need to run projections, set dates, and have a net worth goal in the first place. That's exactly the point - you like doing math, and you'll probably still find things to project, simulate, and quantify well after reaching your "goal". Or you'll move the goalposts - there's a lot of that here - and be one of our many "I originally planned to FIRE at $X, but now I think I need $Y" posts. + +Ostensibly, the desired perpetual state for most of us here is happiness and security. Redundant systems (behaviors) that add security and happiness obviate the need for goals. Thought experiment: If you were completely happy and secure, would you care how much money you had? Then why aren't you working on those items rather than whatever arbitrary number your accounts total right this minute? Think about three sliding scales labeled "happiness", "security", and "money". Two of them, any two, will always be inversely correlated. Which two would you max out? + +If you're young and starting out in life, may I suggest you at least consider the option of not pursuing FIRE explicitly, but pursuing a happy early career with a sensible savings rate? If your spouse is not interested in an FI lifestyle, may I suggest you look for ways to support his/her desired lifestyle AND yours at the same time, rather than attempting to convince anyone to change? + +The 10 years leading up to an accomplished goal comprise a *much much* greater portion of your lifespan than the few hours or days surrounding the moment in time that you happen to, say, pass 1m net worth. I would argue anyone out there would be better served by making those years, however many there be, the priority for positive changes and happiness - a great way to do that would be building, evaluating, and refining your personal "systems" rather than enduring another 80 hour week to get the goal a little bit closer. +Okay so that is somewhat wrong I understand the economics of gold, in so far that It is used as a hedge against Inflation. + +What i don't get is why? Gold is a resource, with very few actual uses. Jewelry and Electronics the major ones. So demand for gold as a product is relatively stable. The Economic aspect of gold is what confuses me. + +The price for gold at the moment is not driven by consumer demand but rather by economic stockpiling, here is what confuses me, Stockpiling gold makes sence if you have a gold standard denomination, but almost nobody does. In the event of a complete global Economic meltdown gold really does nothing for you.. so why do companies/governments stockpile gold? + +essentially if the world was to collapse you wont swap a gold bar for a cow, because you cant eat a gold bar and its value is only implied by market forces. + +tl/dr economic meltdownL: nobody has money to buy gold and no actual need for gold why would they swap you for it.. why buy gold? +If you hear anybody say "Ethereum" and "altcoin" in the same sentence, take the time to correct them. Ethereum has industry backing, killer R&D, and a 2 Billion market cap. + +Among Ethereum's achievements, only Bitcoin can compare, but even Bitcoin only has a market cap to show - its uses have dwindled to nothing, and has finally become the pure ponzi scheme that detractors always claimed it was. + +Those are the facts, gentlemen. Ethereum is not an altcoin, and the flippening approaches. Don't find yourself on the wrong side of the fence when it happens. +Hello everyone, I'm at a loss and could really use some good advice. + +Long story short, I was once an eager 18 year old with great credit that I absolutely tanked in a matter of 4 years. I racked up over 8k in credit card debt and I have a garbage car loan that I still owe about 6k on (with 11% interest rate, whoops). The credit cards are one with 7k and one with 1k. Due to the interest and high amount, I just can't get my first card under 7k and I'm starting to lose any motivation to fix this. + +Now I know and recognize this is completely my fault and I should've known better when I got the first credit card. I accept it, however I have no idea how to get myself out of this hole. I work part time (I'm a full time student) so obviously make more money would be my first solution, but that is not a possibility right now. I have been doing delivery jobs as a side gig but that only gets me so far. + +Does anyone have any ideas? I don't know if I should get a loan, file bankruptcy (probably not but I literally have no idea) or just suck it up? The interest on everything will cause it all to double but maybe that's what I deserve for letting it get so out of hand. I'm just so lost and tired, both of my parents have their own debts so the apple doesn't fall far from the tree; I don't know where else to get advice on how to begin fixing this. Thank you to anyone that can help, it's much appreciated :( + +Edit: Thank you everyone for your advice, it is giving me hope for the future now that I have some sense of direction :) + +Edit 2: thank you for the award kind stranger šŸ„°šŸ„°šŸ„° +I notice that there is a lot of confusion on what is meant by value investing. Folks often end up talking past eachother. + +I believe this is because there are two general types of value investing + +1. statistical or quantitative value +2. Intrinsic value + +Warren Buffett practices intrinsic value investing. He is attempting to look at discounted future cash flows from a business and buying "the most future cash flows for the cheapest price". + +Quant/value investors (such as most "value" funds) are looking at how stocks rank based on financial ratios. For example, if a stock is "cheap" in P/E, EV/EBITDA vs. a ranking of all stocks, it is a "value" stock. + +These are two completely different types of investment strategies. + +To a intrinsic value investor, the statistical properties of a company don't tell much about it's intrinsic value. For example, a statisically cheap stock often has poor quality earnings or a declining business, causing the real present value of future cash flows to be overpriced. + +A more detailed and accurate description of this distinction can be found at Tren's Griffin's blog here: + +[https://25iq.com/2014/03/16/ben-grahams-value-investing-ā‰ -famafrenchs-factor-investing/](https://25iq.com/2014/03/16/ben-grahams-value-investing-ā‰ -famafrenchs-factor-investing/) + +&#x200B; + +IMO this is worth considering and perhaps a more clear understanding could aid in productive discussions here. +Im not trying to be a negative Nancy or discredit anyone or anything like that but in my personal opinion, these posts are super cringe... I donā€™t know if you guys think that they will somehow change the minds of the corrupt politicians governing over corrupt Wall Street?? This thing will sort itself out, shorts have to cover eventually. Letting the entirety of Twitter know that you are a GME holder with a picture of your face on your post isnā€™t the smartest thing to do in my opinion either... idk maybe Iā€™m just being negative. + +Edit: Thank you for the upvotes and awards! + +P.s. Chill out with the whole GMEisME is saving the market and is going to make politicians magically care about us thing... did you learn nothing from the hearings??? They did a whole lot of talking to accomplish a whole lot of nothing. What happened to apes saying the government was corrupt 4 days ago? Im not trying to cause division, if you wanna keep posting #GMEisME posts, go for it! Just saying how I feel about it! Donā€™t come blowing up my phone when you got the entirety of Twitter/your friends blowing up your phone during the MOASS. +With talented professionals like this, and the upcoming IMX integration for games, it really seems like this is just the beginning for the marketplace... + +&#x200B; + +https://preview.redd.it/cxsk39p30kk91.png?width=275&format=png&auto=webp&s=07892be41758e004da18d4ffead1cf51a30b2656 + +...And does this remind you of anything? + +https://preview.redd.it/bha2qjmb0kk91.png?width=1205&format=png&auto=webp&s=f2fc13fe0ced1f70f299d1c355bc56adfdcf7266 +Anyone who purchased property March 2020 - June 2021 are laughing right now, but for those who purchased recently this year (2022), is anyone regretting their purchase? + +I literally feel like I could have made more money if I just had cash instead and just invested it in a HISA (high interest savings account) at 4%.. As boring as that sounds. + +And let's be real we aren't going to see any capital growth in the next 5-7 years... Inflation is just way to high right now and interest rates are going to be increasing for quite some time. +https://www.cnbc.com/2020/06/12/robinhood-traders-are-not-behind-the-rally-and-their-favorites-actually-underperform-barclays-says.html + +> Retail investors speculating in stocks are not responsible for the market's comeback and their top picks tend to underperform, according to Barclays. + +> The Wall Street firm looked at historic data for Robinhood customers and examined their top holdings and closing stock prices. Barclays concluded there was no clear relationship between Robinhood customers adding shares and S&P 500 index moves. + +Also, apparently people who can engage in pre-market bidding are messing with prices to profit off of people who are using Robinhood. +Hey all. Howā€™s everybody doing? + + +What an absolutely surreal experience. + + +Satori has now been live officially for 36 hours, and quite honestly the process has vastly exceeded our expectations. We cannot express the level of joy and validation that weā€™ve received over the past 2 days in being able to interact with you while weā€™re all riding on the back of our Mind-Reading Monkey Friend. + + +We know that thereā€™s still so much coming, and we have absolutely no intention of resting on our laurels (other projects are already under way.) We did, however, share an absolutely delightful moment as a team earlier thinking of the emergency meetings that were called today because of us. I donā€™t know if thereā€™s a direct translation in Ape Speak for schadenfreude, but whatever that word is, we were swimming in it today. + + +The team wanted to take a moment to review whatā€™s happened, and give some additional clarification about our initial reveal. + + +Weā€™re still collecting specific data about the impact of Satori's activation, and therefore I canā€™t offer quantifiable evidence to say that we know that thereā€™s a difference made already. However, from the number of posts, comments, and messages weā€™ve received about people already noticing a difference have been hard to pass off as simple happenstance. The feel of the entire sub has changed, and you Apes deserve so much of the credit for that. We sincerely hope that the results of our labors will continue to support your trust in us. + + +Iā€™d forward you all to the F.A.Q. section that was curated by u/Bradduck_Flyntmoore about Satori in todayā€™s Jungle Beat by u/pinkcatsonacid. The majority of concerns have been covered there, and the dev team would like to extend a special thanks to u/Bradduck_Flyntmoore for curating that process on launch night. We werenā€™t sure what exactly to address in our original statement. Now that weā€™ve been able to gauge how our announcement has been received, two things have stood out that we feel need additional information and clarification. + + +At its core, Satori is an information gathering system designed to expedite the process of moderators identifying bad actors within the sub. While some of the steps have been automated through Reddit for ease of implementation, Satori by itself is incapable of acting autonomously. It merely ā€œreads minds.ā€ The decisions on how to enforce based on the information Satori provides lies firmly in the hands of the Mods. Satori, as a system, cannot moderate without the direct assistance of a real person making the choice to utilize its information. In the same way Mods are accountable based on the Mod Log, all information gifted by Satori is trackable and reversible as necessary. Nothing is being done without significant oversight by the established leadership structure of the sub. + + +Approved status only means that Satori has not detected known shill activities on your account. It is not an endorsement. It is not to be used like ā€œtrust me I'm an approved user.ā€ It simply means that the specific account has yet to behave shilly. Do not associate it with an additional level of trust. Be just as skeptical as you have been to this point. + + +Satori has only started giving approved status. This process will take time. The list is very long and almost every single ape will be approved. Don't fucking go Star Bellied Sneeches on this. The order in which Approved status is being distributed has been completely arbitrary, aside from DFV after his first tweet yesterday. He got the special treatment. Mods will also be manually adding names to lists for Satori approval if they can spare the time, but everyone else will have to wait. Please do not harass the mods with requests as there is already a lot on their plate. This should not be a point of division, but rather unity. Citing Satori in ways that drive FUD into the community is a shill strategy, so call that shit out. + + +What does it mean to be Approved? Simple: you bypass the karma and age requirements. This means you do not need to karma farm in order to meet the new requirements. Actually, this should allow more Apes to participate while still protecting the sub overall. + + +Our time in the last months has been dedicated to preparing for launch, and we have not discussed what we will be doing with Satori afterwards in any significant detail. I would ask you all to consider this: every member of our development team holds shares in GameStop. Weā€™re all in possession of the most valuable asset on the planet already. We like the stock. Weā€™re aware that weā€™re currently fighting one of the most corrupt systems on the planet; one based on greed, exploitation, and discrimination. We know the lives theyā€™ve ruined for their own gain. We have absolutely no intention of letting what weā€™ve created be utilized by established powers to continue to abuse and exploit others. We know what having this type of technology in the hands of common people can mean, and we want the legacy of Satori to be one that we can be proud of for the rest of our lives, and for the ape community to feel the same. + + +Finally, thereā€™s been several posts Iā€™ve personally commented on that have raised a very, very vital point. Satori is, by definition, a reactionary entity. It can only identify what it knows to be a threat. Weā€™ve spent three months working to make sure it has a very clear understanding of what all the threats to this point have been, but there will be new tactics, new shills, and new threats, so we will continue to need your help. The more insight we have about what moves the shills are making, the better Satori is going to be at identifying them. Satori will guard our flanks, and this means Apes no longer have to worry about anything besides identifying new strategies in order to keep Satori primed and ready for anything. Stay vigilant, and report things that seem contrary to ideal or normal Ape behavior. Give Satori your energy - get it to power level 9000. Satori is a direct result of the collective efforts of Apes over the past four months, and it will continue to be powerful as long as we maintain it as such. In a way, it is our collective consciousness. We are Satori. + + +Buy. Hold. Vote. Fight. + + +T.L.D.R. +What a fucking great day. + +Hedgies are angry, confused, and fuk. + +Satori is a powerful tool to be used by Mods, nothing more + +Every member of r/superstonk will be Approved. + +Approved status is not an endorsement. + +Using Approved status to divide is shill behavior. + +We will not allow Satori to be used to further oppress already oppressed populations. + +Satori is as powerful as we make it. + +Donā€™t get complacent. + +This community rocks so fucking hard. + +We. Are. Satori. + +Edits: formatting on mobile +Curious how people reason about the value in sending their kids to private vs. good public k-12. + +In my case, I live in an area with a good public school system that feeds its students into good state universities, including a top one, and an occasional elite private university. There are some private k-12 schools in the area that feed into predominantly elite universities. Average SAT scores are about 80 points higher at the private school (1400s) than the good public school (in the 1300s). + +I intend fully to pay for my kids' university education but haven't until recently seriously considered private k-12 school mostly due to the cost (40k-55k) and also because part of me feels it's unnecessary. Factoring into this decision is my own path (decent but not great public high school, great public college, greater private grad school, but many of my peers from my highschool have struggled or continue to struggle). Particularly, I grew up seeing expensive private schools as elitist and unnecessary but now see my peers sending their kids to them and wonder if I happened to have lucked out and am putting my kids at risk if I don't do this. + +Again, curious how others reason about this decision: Is the cost worth it? Do you feel that the extra "edge" a great private school gives your kid is worth it, or is the school simply a signal indicating other things (parents' emphasis on education and parents' net worth)? This factors into my fatfire plans in that I would have to work 1.5 more years to comfortably afford it for each kid's high school, which to me seems worthwhile at this point. Obviously it scales up if I have more kids. +This came from an IIF event yesterday where he also said, "Our clients are adults, they disagree, that's what makes markets. If they want to have access to buy or sell bitcoin, we can't custody it, but we can give them legitimate, as clean as possible access." + +He also called Bitcoin worthless and has previously said, "My own personal advice to people is: stay away from it. That does not mean the clients don't want it...I don't smoke marijuana but if you make it nationally legal, I'm not going to stop our people from banking it." This came after his clients have shown great interest in Bitcoin + +&#x200B; + +*You all read the algorithms?* + +Yes. + +&#x200B; + +https://preview.redd.it/13yf928wq1t71.jpg?width=947&format=pjpg&auto=webp&s=d32912165f8b5f9092f14c4a3f8c3727d5050c11 + +Its just 2 lines of code. + +**if (halvings >= 64)** + +**return 0;** + +&#x200B; + +*I've always been a skeptic of stuff like that* + +Stuff like what? reading? + +Anyone with basic math knowledge can verify it. If he can't do that simple math for himself he probably shouldn't be a CEO at an investment bank. + +This is one of the most ignorant statements I've ever read on crypto +You know, mortgages are going up, rent is going up, groceries is going upā€¦ has anyones manager actually said ā€œhey, all our prices are going up and so is your salary here is an extra $x,xxx per yearā€? + +Iā€™m not talking about moving jobs for more money, Iā€™m talking about a pay rise for the exact position youā€™re currently in. + +I havenā€™t heard of it (besides the mandated minimum wage rise which was forced upon businesses) and with my companyā€™s EBA now due for renewal, I feel like we will be stuck with a 1% wage rise in face of a 7% rise in inflation. +Hey UKPF, + +Iā€™m going to be loaning a friend a fair chunk of money (under Ā£4000) across a few months. I fully trust them. However, putting this in writing would give me piece of mind it means Iā€™m protected if things go south. + +Would a free online loan template suffice for this kind of agreement, would it offer me any kind of protection or should I look at alternatives to collect evidence? + +Want to stress this is just to cover my arse, Iā€™m not expecting it to end in tears. +We're too fucking poor to get any of our loved ones gifts. We weren't even going to afford the 6 hour drive back home to see everyone but my aunt gave us gas and food money. + +As soon as I told my mom we were coming she added me to a white elephant and the gift exchange. I thought I could get away with cheaper presents, but we got two nerd guys who asked for a steam giftcard and some dnd figures. Not extremely expensive but we are tight this month. + +Then my sister is getting me a gift, as well as my mom. And whoever got us for the exchange. And probably my other sister, grandma, aunt... + +And we have nothing. I'm too embarrassed to tell my mom we cant really afford gifts because they already gave us some money last month. + +I was literally scouring CL and FB for a free coffee pot for my husband because hes wanted one for months. Cant find one. Still feel like garbage. + +Thinking about not even going home. + +I drew pet portraits for my in laws but stopped at the third one because it feels so stupid to gift people your art when they didnt ask, and my printer is running out of ink so I cant even print them. + +Sorry for the rant. I just feel like shit. I think I'll use our EBT for some gift chocolate. + +EDIT: Wow, you guys are all amazing people. I asked my mom if she had an old coffee maker lying around, and she offered to buy one for my husband's stocking (lol). Thank you all for your generosity ā¤ +As an Investor, how much mortgage debt do you have on your total properties? I read an article saying its not good to have more than say 500K in debt. But does this apply to real estate investing, where you using debt to acquire cash flowing assets? + +FWIW, I'm personally just over $750K in mortgage debt on my properties. +Whatā€™s everyoneā€™s favourite saying about personal finance? + +I think mine is ā€œmoney talks, wealth whispersā€. + +I find it a useful reminder that the goal is a comfortable life of abundance. This is particularly useful when I get that urge to keep up with the Jones and buy, for instance, a flashy car that I donā€™t have the skills to drive!!! +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! + +[https://www.afr.com/chanticleer/how-covid-19-created-a-nation-of-asx-punters-20200506-p54qbd](https://www.afr.com/chanticleer/how-covid-19-created-a-nation-of-asx-punters-20200506-p54qbd) + +Anyone else feeling personally attacked by this article? +So after checking out the App coming soon for ios (Iphone), I am starting to understand what GameStop is doing. Being that I tried to sign up for opensea with my daughter (an artist). We both decided NFTs weren't for us. Not because we didn't like the NFT idea, but the marketplace just wasn't easy. It seemed like an old clunky version of ebay or something. It wasn't easy for my generation or hers. It felt tedious. My comparison is like going to the browser version of a broker account a few years ago and buying stock with scroll down menus, %, limits, and boxes to fill in, making investing seem much harder than it really is. You know what made this so much easier? You won't like the answer... + +But first, let's talk about what GameStop is doing. GameStop is going to add NFTs to your mobile app, show the cost of your items, and allow you to put items on the marketplace with a click of a button. Things you sell, go to the new buyer instantly. Contracts filled, sell order filled, and the NFT sent. Things you buy, go right to your wallet. Not tedious. If they have managed to do this and make it as easy as possible.... all I can say is WOW. I hate to say it, but GameStop is creating the *Robinhood* version of a NFTs marketplace. Don't kill me yet, because it's going to make billions! And while Robinhood itself is still trying to figure out how to give users their own individual wallets for their doggy coins, GameStop started off with the most important part first, YOUR WALLET. This may also be the most difficult part in getting the average person to understand NFTs. The wallet. + +&#x200B; + +And it is the first thing GameStop is dealing with. The more people with a GameStop wallet, the bigger the marketplace. + +&#x200B; + +https://preview.redd.it/3zoyxq7nmpx81.jpg?width=688&format=pjpg&auto=webp&s=32e599df3921ba60dc1b4b7d724613e0414044ab + +&#x200B; + +I know we hate Robinhood, and rightfully so, but it did make investing for the average person much easier. Well... GameStop seems to be targeting this for their NFT marketplace. And all I can say is WOW. + +&#x200B; + +Now let's move onto the part of the photo that says... + +**Coins | NFTs** + +&#x200B; + +Oh boy. If they do the coins marketplace, I will move all my coins over instantly. And do all my buying there as well. I have no connection to coinbase or any other marketplace, so GameStop would be my spot. Just on the small % they take through these marketplaces is worth billions.... +Good morning, afternoon, evening and night to all international apes, welcome back to another episode of dumb money where nobody here can read but they blame us when hedgefunds bleed. + +3 months ago I made a post about what I expected to happen with the USD and how the FED would behave and how it would impact the markets and after some time I felt it was right to update that post and to see how my prediction/DD has played out as everyone as it is very easy on reddit to become an echo chamber so I encourage intelligent debate and also hilarious comments. + +I will try and keep this short and sweet so if anything doesn't make sense feel free to comment/message me or maybe it's worth reading the original DD to get more context on topics covered. I previously talked about how the bond market dictates what the fed does and predicted that trend to continue. + +**The 2 year treasury yield vs Fed Fund Rate - 3 months ago.** + +https://preview.redd.it/u9gqrmah6bl91.jpg?width=1168&format=pjpg&auto=webp&s=939273be2b5bc3c149b087aa0fc46059506ee0bf + +**The 2 year treasury yield vs Fed Fund Rate - now** + +https://preview.redd.it/i5nroiz67bl91.png?width=1168&format=png&auto=webp&s=97734c33e406d5fd0c9ff4376b7df3b37a58430b + +This was an easy one to predict as this is what the FED always does. The real talking point here is when you zoom in.... + +https://preview.redd.it/zuyc6anq7bl91.png?width=1168&format=png&auto=webp&s=4c6fc639b62b4ee00f4336080b1ce20f699850b7 + +The two year has continued to push higher currently at 3.45% indicating that the bond market is expecting things to get worse especially when you compare that to the 10 year at 3.15% The FED fund rate is currently at 2.33% but last time it was over 2.5% the US/global economy almost went into a global recession and rates had to be dropped to stop the bleeding and then the pandemic hit which allowed the can to be kicked to the moon, but we may be on the verge of seeing that can come crashing back down to earth. The next fed meeting is later this month so we are due a rate hike to take it over the 2.5% threshold and possibly over 3%. + +&#x200B; + +**M2 vs The Market - 3 months ago** + +https://preview.redd.it/z33ugmxvbbl91.jpg?width=1830&format=pjpg&auto=webp&s=fcedb9466c99b9f8b93a3f404b9373e365f01f05 + +**M2 vs The Market - now** + +https://preview.redd.it/k6py8tdrbbl91.png?width=1562&format=png&auto=webp&s=f880fd2acebbec2c5b39ee579e21377224e3d5aa + +I feel like this update really shows just how aggressively they are raising rates and really just how much of a big deal this next rate hike will be, I'm sure all clickbate articles will lead with something like "fed hikes rates to highest levels since 2008" which although true, the full story of that is they were on the way down at that point from a high of 5.25% set in 06. So anyone you know who has some dog shit loan/mortgage that's packaged as retail friendly because the repayments are lower, or down payments are lower are about to get bent over. + +&#x200B; + +**M2 x SP500 x USD - 3 months ago** + +https://preview.redd.it/7akon2d7ibl91.jpg?width=1834&format=pjpg&auto=webp&s=4c3007964ca88d1233f286e63f9a4be73e8846a7 + +**M2 x SP500 x USD - now** + +https://preview.redd.it/0kgtxqdribl91.png?width=1562&format=png&auto=webp&s=00ca86b185eecdd42adba4adb761fe3bffe15f40 + +Now I expected the M2 to be reduced quite a bit more by now so the USD mooning this much already is pretty fucking terrifying The USD is already at a 20 year high, it's suprassed the EURO twice already and may even get close with the GBP. This is going to lead to more countries defaulting on debt joining a growing list which I've seen called a few things, The Debt Bomb or The Big Default as it's 2022 and we don't want to label I'm just going to say it's fucked mate, here's the list; + +Lebanon, Sri Lanka, Russia, Suriname, Zambia, Belarus. China is constantly on the verge and with the cost of living crisis ***(not a joke that is actually what it is called, guess they couldn't market the cost to fucking breath)*** sweeping european countries many others will follow and we know the US is in a recession if they want to address it or not is a whole other issue. + +&#x200B; + +[ Using 1,000 basis point bond spreads as a pain threshold, analysts calculate $400 billion of debt is in play. Argentina has by far the most at over $150 billion, while the next in line are Ecuador and Egypt with $40 billion-$45 billion. ](https://preview.redd.it/42k2he7nlbl91.png?width=752&format=png&auto=webp&s=88e397e4e2e0f4730161aa000e1abdefbace8f81) + +**BONUS TA ON THE USD** + +https://preview.redd.it/3psifba7mbl91.png?width=1563&format=png&auto=webp&s=56369564d6e9b0ecbd3435a40872b2808f843d51 + +Huge cup and handle on the USD that is indicating to me that the USD has a lot higher still to go. This is only going to cause more havok on the global economy. For those who are unsure why a strong dollar is bad for the rest of the world. The dollar is the global reserve currency so most countries exchange in USD, if you borrowed at the lows shown here in the chart and now have to make repayments now the USD is up roughly 22%, to keep this simple the best case scenario for you here is your repayments now cost you 22% more, this doesn't factor in any additional change in valuation of the native currency which will likely have decreased as well, meaning repayments are even higher. + +&#x200B; + +**M2 Growth Vs Inflation - 3 months ago** + +https://preview.redd.it/wwto2nknobl91.jpg?width=1734&format=pjpg&auto=webp&s=9712851e5e475d1a5de182f120c50c8ebc7d85cf + +**M2 Growth Vs Inflation - Now** + +https://preview.redd.it/rwqutbevobl91.png?width=1749&format=png&auto=webp&s=c992fb055a371b5b8adde3bd2e86ddab9ee82cff + +We have now had our cross over but M2 still has to drop and inflation is likely to decline before pushing much higher, if M2 is not controlled the US is at serious risk of hyperinflation and they aren't making enough progress to stop that. + +&#x200B; + +In closing... + +&#x200B; + +https://preview.redd.it/3ygvv7kzpbl91.jpg?width=1170&format=pjpg&auto=webp&s=36d4540e9a2b2bfa2586fe0a178338f888aad3bb + +Last time I was asked what is the relevance of this type of post when this is a GME sub and while there is no direct relationship with the USD and GME I draw comparisons to this situation and 2008 with VW. + +&#x200B; + +https://preview.redd.it/eve493brrbl91.png?width=1562&format=png&auto=webp&s=0a4e5cb8a20f4e9bf2ecf76b50dd047ecc0f615b + +I'm interested to see what will be the catalyst for the squeeze there are many ways for things to kick off that's why I'm happily working my way to becoming an XXXX holder but the reason I pay attention to the bigger picture is simple for me, the mother of all crashes and the mother of all short squeezes will come hand in hand and every day they get a little closer. + +&#x200B; + +Power to the motherfucking players. +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 started trading forex about a month ago using a signals provider despite all the 80% of people lose money I thought I was different. I had a great start, my $600 account was up to 1200, I of course had no risk management or anything of that sort and so within a few days I was down to 100 after thinking I could trade on my own. When my signals provider gave a signal to sell gold some time a few weeks ago I went all in and closed the trades with around $1000. I then proceeded to buy gold a cut that profit down to around a balance of $500. It was around this time I realised I should probably learn about what Iā€™m doing before I lose the rest of my account. Fast forward to last week my account was at $0 due to my own bad trades but also a severe downswing on the signal providers side, who in my head could do no wrong after the initial profits. Then after a lot of research I set up an EA which over time seemed to have good profit and I completed with backtests for 2 months with great results. Confident I knew everything I put another $1000 in( as a student this is a lot to me) and let it off. I was trading the 4 pairs GBPUSD EURUSD AUDUSD and NZDUSD and the bot was on sell only mode. I activated it yesterday morning and closed the day with around $5 profit and $40 dd which all seemed swell to me. Fast forward to 40 minutes ago I woke up and I was down $700, after closing the trades for some unknown sleepy reason I decided to buy XAUUSD costing me another $160 despite being up on it at one point it came down and hit my stop loss. To make a long story short Iā€™ve lost all but $140 of a $1600 investment because I think I know it all donā€™t use risk management or listen to the experts. I got what was coming to me, forex is not a get rich quick scheme and I know that now , pitty itā€™s a month and $1450 later when I could have just listened to every sensible person on the Internet +It has not happened many times and Warren generally advices people against holding cash. 122 billion is a probably the largest cash position WB has even held. Might be an indication of a massive correction waiting in the wings. + +[https://smallcaps.com.au/warren-buffett-cash-pile-lesson-investors/](https://smallcaps.com.au/warren-buffett-cash-pile-lesson-investors/) +Reposting after the first post was obviously slammed with downvotes from shills, the same post got more upvotes on GME sub than it did on superstonk which NEVER happens for me. I've watched the first post slowly get downvoted to oblivion very inorganically. + +When the report first came out people were talking about how good of an entry point it gave us apes to be able to show friends and family. SHFs caught onto this quickly and this report was forum slid HARD. + +The size and breadth of this GME saga can be pretty daunting for any new apes but I think GMEdd.com did an awesome job creating this report that is easily understandable to any age if potential investors, even boomers have a good chance at understanding it. It doesn't go into MOASS stuff but it doesn't need to, it's just an entry point based on the amazing FUNDAMENTALS of GME. + +Imagine a new wave of retail investors buying after Thanksgiving? We already know the SHFs are barely holding on as it is. + +Check it out here, comes in PDF form too, perfect for thanksgiving sharing. + +[https://gmedd.com/report-model/](https://gmedd.com/report-model/) + +please up vote and com ment so we can get as many apes as possible aware of this report that may want to show people over thanksgiving or in future. The SHFs and their shills DO NOT want this document spreading and have been forum sliding this report and downvoting the shit out of it every time its talked about. Some apes said they GMEdd site was also attacked when the report started gaining some traction after its release. +**Obligatory disclaimer:** This is not financial advice. This is speculative. + +&#x200B; + +&#x200B; + +There has been a great deal of uproar over the recent stock split as a dividend by Gamestop and the DTCCā€™s handling of this event. I started this out by trying to summarize the difference between a stock split and a stock split as a dividend in their effect on shorts and more specifically, naked shorts. This turned into finally realizing the most likely reason the vote count was not a massive overvote and why the DTCC had to incorrectly file this as a stock split. It also potentially explains the meaning behind 7:41 from Ryan Cohenā€™s tweets. Through all this, I think that Ryan Cohen fully expected everything that has happened regarding the recent corporate action and has accounted for it. + +**The correct steps that happened:** + +* Gamestop submitted their appropriate filings and announcements for a stock split as a dividend. + * See the SEC website containing these filings, namely the 8-K filing by Gamestop. +* Gamestop creates 3 new shares for every 1 existing share resulting in 4 times as many shares. + * Gamestop confirmed they did this. +* These newly created shares are given to the transfer agent, Computershare, to distribute. + * Gamestop confirmed they did this. +* Computershare handles all directly registered (DRSā€™d) shares and distributes 3 newly created shares for every 1 existing DRSā€™d share to the corresponding accounts. + * Computershare confirmed they did this. + * Gamestop confirmed Computershare did this. +* Computershare then hands all remaining newly created shares by Gamestop over to the DTCC. + * Computershare confirmed they did this. + * Gamestop confirmed Computershare did this. + +**Where it went wrong:** + +* The DTCC has not acknowledged that they received shares from Computershare. +* The DTCC communicated to brokerages and banks across the world to process this as a stock split. +* Brokerages are now saying it was always supposed to be a regular 4:1 stock split. Brokerages are saying that Gamestopā€™s SEC filings and even recent official and public comments clarifying that it is supposed to be a 4:1 stock split processed as a dividend are incorrect. + +**Questions from this:** + +* Where did the shares Computershare sent to the DTCC go? + * Can really only speculate that the DTCC held onto them, distributed them to shorts, or just ignored them. + +**How a stock split plays out for shorts (what happened):** + +* Value is divided by 4. +* Total circulating stock is multiplied by 4. + * 304 million shares are supposed to exist. + * If there are 100 million short shares before the corporate action, there are 400 million short shares after the corporate action. The ratio has not changed. All it takes is a simple multiplication in the accounting for short positions to not be impacted. + * **How this accounting works:** + * Multiply by 4 and go home. +* No effective change to anything other than increased liquidity. +* Shorts are unharmed. +* Brokers are unharmed by DRS or sells because they were told by the DTCC it was a stock split. + +**How a stock split as a dividend plays out for shorts (what was supposed to happen):** + +* Only roughly 76 million shares are supposed to exist before the corporate action. +* Only roughly 76,000,000 \* 4 = 304 million shares are supposed to exist after the corporate action. +* If there are 100 million short shares, there are now 400 million short shares in obligations. That means that 300 million more short shares have to be taken into account. But, they cannot just come from anywhere and it is not a simple accounting fix. + * **How this accounting works:** + * **Assuming legal shorting where an allocation exists from borrowing the relevant share:** + * **What if naked shorting where an allocation does not exist from borrowing a share:** + + + +**EDIT: Overvoting reconciliation methods:** [**https://katten.com/Proxy-Vote-Processing-Issues**](https://katten.com/Proxy-Vote-Processing-Issues) + +Here's a description from the law firm Katten, one of the few entities to discuss overvoting: "If a broker reports too many votes in aggregate, the tabulator will notify the broker of the discrepancy. The broker then rectifies the problem, and resubmits its voting report. How does the tabulator know that the broker has reported too many votes? All transfers are netted at the level of the depositories, such as DTCC, which notifies the tabulator of the number of shares a particular broker actually holds." + +If the DTCC does not allow for duplicate control numbers in their system either due to oversight in code or malicious code, and the tabulator's systems do not allow for duplicated control numbers in their system, when the broker votes duplicated control numbers, neither the tabulator nor the DTCC will need to report an anomaly because it wasn't detected. + +The broker also does not have to technically vote all entitled votes: "A broker following a post-reconciliation model allows its clients to vote all the shares that they hold in their accounts, including any shares that may have been re-hypothecated. If the broker subsequently determines that the process will result in more aggregate votes than it is entitled to register, it will reduce votes in some order of priority, generally starting with re-hypothecated shares in margin accounts and its own proprietary shares. A broker that follows a post-reconciliation model will not always have to ā€œcut backā€ votes in this manner, because some clients who are otherwise entitled to vote will decline to do so" (again from Katten). So this is another possibility. The Pre-reconciliation model is also similar in that brokers will ignore re-hypothecated shares ahead of time for margin accounts. This is the whole problem with both proxy voting and how brokers give their clients beneficial ownership. + +&#x200B; + +**Why did the DTCC do this and how could it relate to vote counts:** + +* Does the DTCC really hold the counterfeited shares? Or do they just appear on brokerage balance sheets? Do they even know how many are out there? +* Is this why nothing was heard about vote counts? Did they have to process it as a regular stock split so the DTCC wouldnā€™t even get the requests for the circulating shares including naked shorts? Does this keep the existence of counterfeit shares off of the DTCCā€™s books? +* Voting was done through control numbers for shares; are the counterfeited shares utilizing duplicated control numbers? This would keep votes from far-exceeding the outstanding shares and off the DTCCā€™s books. The code for voting could have been set up in a way to either ignore any duplicate control number votes or to replace them if the same control number is voted again. This code could appear reasonable as you would not want duplicated votes or entries into the DTCCā€™s systems. +* I believe that the DTCC and voting systems were set up in a way to ignore duplicate control numbers. As such, there was no overvote for Gamestop and the DTCC does not have on their books any counterfeit shares. +* Requests from brokers for dividend shares in excess of the amount allocated by Computershare to the DTCC would force the DTCC to reveal the existence and potentially the quantity of naked shorts on GME at which point the issue would have to be rectified resulting in a potential short squeeze. + +**What happens if/when this is fixed:** + +* This results in a huge mess. How do you even being to handle distributing shares from the DTCC now? Shares have been sold and DRSā€™d since then. The brokerages are no longer custodially holding the same number of shares. How does anyone know which shares should receive the share dividend? Unfortunately, unless these brokerages have the most detailed records and all get together and cross-reference their records, this mess cannot be retroactively fixed. +* For instance, suppose John has 1 share prior to the stock split as a dividend and 4 after in Robinhood. He sells all 4 shares to David who holds them in Fidelity. Robinhood needs 3 shares from the DTCC for the stock split as a dividend. Nobody knows that those specific shares went to David holding in Fidelity. Robinhood sold 4 shares incorrectly and then receives 3 more from the DTCC. Now those 4 shares are held by David in Fidelity and Robinhood got 3 shares. There are now 7 total shares from that 1 share (7:41 or 7 shares-4-1 share). Robinhood canā€™t track down that the shares went to Fidelity and then send them over, so those 3 shares need to be discarded instead. Iā€™m not entirely sure if you can just discard shares like that, I donā€™t know if anyone knows because I doubt something like this has happened before. + +**Too Big To Fail on the Global Scale:** + +* The actual short interest of Gamestop is likely over 100%. +* It is hypothesized that any short hedge funds would go bankrupt and the liability would fall to their prime brokers, insurance, the DTCC, and the FED should shorts have to close their short positions. This would put the US stock market into a very precarious situation where billions to trillions of dollars are needed to close the shorts. +* The short hedge funds, the DTCC, and the FED were the parties in danger of a short squeeze and financial ruin. But, GME is an internationally held stock. Other countries and their governments likely do not care what happens to these entities. +* Enter the DTCC with a filing against Gamestopā€™s intentions and this is now a potential global crisis: + * Banks and brokerages across the world are now faced with the issue that their clients should have received shares through the dividend. + * Should this issue be corrected and the stock split is correctly changed to be a stock split as a dividend, banks and brokerages across the world are now in need of shares to cover their current holdings. + * Any shares sold or DRSā€™d from these banks and/or brokerages are now effectively shorted shares as the backing for them was illegitimate instructions from the DTCC. As a result, brokerages and banks across the world are now indirectly short on Gamestop. + * The shares can be covered for these entities by the DTCC transferring the dividend shares but they cannot be properly distributed to the correct locations as the record of the appropriate holding account is unobtainable. All shares that are backed by shares sent from Gamestop->Computershare->DTCC->Brokerage are covered shorts where an allocation exists. The issue is that these cannot be tracked and covered. There is nobody to return the share to other than the incinerator. But if the DTCC has enough shares to cover all these created shorts they can hopefully just be discarded. But if enough shares are not held by the DTCC from the dividend then the brokers have created naked shorts that can never be closed and would require the brokerage to buy 3 shares for every 1 pre-split share sold or DRSā€™d and then have those shares discarded. + * A 7:1 split for any sold or DRSā€™d shares is effectively created here unless the recipients discard the shares they receive along with a short position of 3 shares for every 1 share for any participating brokerages and/or banks. + * Brokerages and banks along with governments around the world will eventually realize this and begin to panic. They have been forced to become short on a stock due to the DTCCā€™s misfiling as a stock split. Global governments will not want to be responsible for this. + * SHFs and the DTCC likely planned this stock split to cause the largest ā€œtoo big to failā€ ever where only people/entities net long on Gamestop are safe and everyone else would go underwater. Foreign governments can become very angry regarding actions like this. + +**TL;DR:** + +Any naked shorted shares were most likely assigned duplicated control numbers. This is why there was no overvote for Gamestop as their system may ignore duplicates. This is also why naked shorted shares are not on the DTCCā€™s books. A stock split as a dividend would put naked shorted shares on the DTCCā€™s books and likely trigger a short squeeze. This is an extremely difficult issue to rectify for the DTCC and would result in a 7:1 split for many shares if fixed to be a stock split as a dividend. This is also a global issue now as brokerages and banks across the world have effectively been made short or even naked short on Gamestop indirectly by the DTCC. The plan appears to be to make this issue ā€œtoo big to failā€ for the entire world so most countries and financial institutions share in the risk of a short squeeze. + +**The TLā€™DR was too long:** + +DRSā€™ing shares makes this an issue for brokerages and banks across the globe and soon there will be a race to close first. +What do you think are the worst jobs? + +My mother was once a factory worker and the hours were brutal. Minimal pay, long hours, hard and repetitive manual labour, working basically like a robot. Of course, a job like that you could probably do for 1-2 years but in the long term it is not sustainable or at least that's how I feel. I also feel like working in retail or hospitality is something I could never do either but again I've got friends who have mixed feelings about this. + +Contrast this to your average 9-5 office admin job and you will be grateful for what you have. + +Thoughts? +**As of typing this, the Hang Seng was down 1400 points. The last 3 trading days can be labelled as an official crash** + +Chinese tech stocks are continuing their big sell-off as investors continue to digest Beijing's widening crackdown on private enterprise. + +Meituan dropped 16% in Hong Kong on Tuesday, eclipsing Monday's massive 14% loss ā€” making it the food delivery firm's worst two days on record. + +That plunge ā€” which combined, has wiped out more than $56 billion in market value for Meituan since Friday ā€” came as Chinese regulators issued new guidelines Monday calling for improved standards for food delivery workers. + +China's State Administration for Market Regulation said in a statement that companies should take steps to ensure that riders make at least the local minimum wage, to reduce the "intensity" of the workload, and to "strengthen traffic safety education and training," among other measures. + +Meituan runs one of China's biggest food delivery platforms, with hundreds of millions of users making transactions on its app annually. The company said in a statement Tuesday that it had "received and closely studied" the new rules, and would "strictly comply" with them. + +"We are committed to improving our compliance standards to protect the rights of our stakeholders, which include delivery riders," it added. "We believe that the publication of the new guidelines will beneļ¬t the healthy development of China's internet industry as a whole." + +Its shares have sunk more than 32% so far this year. + +Other tech giants' stocks dropped, too. Shares of China's two most valuable companies, Alibaba and Tencent, also slid over the past 24 hours, with Alibaba closing down 6.4% in Hong Kong on Monday and falling another 4.6% on Tuesday. Tencent dropped 7% in Hong Kong on Tuesday, also extending Monday declines. + +The Hang Seng TECH Index, a Nasdaq-like technology index that tracks the largest tech firms trading in Hong Kong, fell 4.5% on Tuesday, bucking the regional trend among many major indexes. + +https://www.bloomberg.com/news/articles/2021-07-27/china-s-crackdown-stocks-extend-declines-into-a-third-day + +https://www.actionnewsnow.com/content/national/574935092.html +I've never felt so financially confident before and it feels like a breath of fresh air. + +Thank you everybody for the great tips and tricks on this sub, all of them have added up! šŸ˜ƒ + +- lessening feelings of shame around my finances +- motivation and comfort +- seeing people discuss what worked for them + +Every little helped! + + +Edit: I am overwhelmed by all the kind and supportive comments, thank you everyone so very much! You all are the best! It's made my day! +The Mods are fallible. Arenā€™t we all? Being that this group of mods is typically very good, I expect them to get out in front of this mistake shortly and apologize/clarify. + +How many times do we need to re-learn the same lesson? We must wait for a nuanced review of the 8K before we get hyped on vote totals. Stay zen apes. + +Edit: + +Just to add a little further note of caution, what we saw here today was essentially motivated reasoning. We all want to see statements about more votes than possible so we saw one where one didnā€™t exist. Iā€™m not saying the mods are bad, Iā€™m saying they are human and that we all have lessons to learn from this. We have grown so much over the last 6 months and we will learn from this too. Avoid motivated reasoning. Try to be objective. + +Edit 2: + +When I say 8K, I mean a form 8K which is filed with the SEC. 8K is not a price target lol +Fellow Apes, allow me to blow your mind, jack your titties, and explode your hype. + +"I love Coke" - Ryan Cohen 7/14/2022 12:09AM Twitter. + +[https:\/\/twitter.com\/ryancohen\/status\/1547433078796169216 ](https://preview.redd.it/nd93ocpescf91.png?width=289&format=png&auto=webp&s=9e820778a4787844ff4921735ebfe14cf1a0241f) + +As usual, RC is speaking in meme lord, leaving bread crumbs for us to follow. I found the utter randomness of this tweet overpoweringly intriguing, and have been rolling it around in my head nearly every day since. Why tweet this? Why on Bastille day? Well... + +[99!](https://i.redd.it/hm7uhnwhscf91.gif) + +Many apes put up theories on this tweet, some of which I will list here for transparency: + +1: Related to Coke Zero shipped with online orders: + +[Credit u\/Gushlite01 ](https://preview.redd.it/41q3hznjscf91.png?width=960&format=png&auto=webp&s=5937b076057ee3b9de863af3722467772e2ce82e) + +2: A revival of previous GameStop & Coca-Cola partnership: [https://www.retaildive.com/ex/mobilecommercedaily/gamestop-coca-cola-bring-mobile-game-to-in-store-shoppers](https://www.retaildive.com/ex/mobilecommercedaily/gamestop-coca-cola-bring-mobile-game-to-in-store-shoppers) + +3: Speculation that Coke could be moving their highly successful NFT to GMENFT: [https://maketafi.com/coca-cola-nft](https://maketafi.com/coca-cola-nft) + +4: Ryan Cohen loves cocaine. + +5: Ryan Cohen is trying to tell us we're going to be as rich as Coke investors: + +[Credit u\/GMEstockboy ](https://preview.redd.it/nhrni5fmscf91.png?width=3200&format=png&auto=webp&s=2b13d3bde8be130c6c1947d1e80fc7d818597f49) + +6. Ryan Cohen is referencing his previous tweet here: + +[https:\/\/twitter.com\/ryancohen\/status\/1522657414327193601 ](https://preview.redd.it/axae80vnscf91.png?width=527&format=png&auto=webp&s=d16c45a32ed12e065f0567cc4dab5f2b8529e580) + +Though some of these felt possible, they simply didn't scratch the itch at the back of my mind. RC is a master of riddles, and I was not going to settle for anything less than a "HOLY FUCKING SHIT THIS IS IT" kind of revelation. So I kept digging, getting more and more esoteric as I searched. It was a painful process, to say the least. Seriously, go ahead and type "coke" into Google and see the insane number of links. Forget a needle in a haystack, I was searching the desert for a particular grain of sand. Link after link of nothing, page after page of marketing, click after cli-- + +# HOLY FUCKING SHIT THIS IS IT. + +I give you: [https://en.wikipedia.org/wiki/Coke\_Reed](https://en.wikipedia.org/wiki/Coke_Reed) + +[https:\/\/en.wikipedia.org\/wiki\/Coke\_Reed ](https://preview.redd.it/hy61a76pscf91.png?width=279&format=png&auto=webp&s=777b32c5187cb4a9e00d100685373f3bae34c898) + +I am dead serious, get that finger off the downvote, and try not to let any flies in your mouth while I lay down why this is a huge deal for GME NFT, the future of crypto, and the account balance of Apes everywhere. + +First off, Coke is fucking rad: + +>In the 1970s, Coke had taken it upon himself to solve Problem #110 of the Scottish Book, a collection of unsolved mathematical conjectures. Forty years prior, future Manhattan Project scientist Stanislaw Ulam posited on fixed points of flows defined on *n*\-dimensional Euclidean space. His conjecture had gone unproven and its attached prize, a bottle of wine, left unclaimed. Cokeā€™s interest in the problem stemmed from his work on dynamical systems with John W. Neuberger and was driven by a desire to solve the last Scottish Book problem with a prize attached to it and whose author was still alive. While eating lunch alone in 1976 the solution to Problem #110 came to Coke ā€“ a moment of clarity at a most unexpected time. A novel way to understand particle movement in a system suddenly formalized. Coke submitted the solution to Ulam who awarded him and his coauthor, Krystyna Kuperberg, each a bottle of the promised prize wine. The solution was published in *Fundamenta Mathematicae* in 1981. + +[Coke Reed and his solution](https://preview.redd.it/a5p1sgprscf91.png?width=267&format=png&auto=webp&s=c64bd89216cd919a728e1476805562f3c4cc67d1) + +Good lord, the glaze on your eyes would make Krispy Kreme jealous. **TADR: There's a book of problems that nobody has been able to math. Problem #110 grabbed his attention. Coke mathed it. He mathed it real good.** + +Secondly, Coke kept going: + +>In the thirty years that followed, Coke worked at institutions that gave him access to Seymour Crayā€™s early machines and granted witness to a rapid rise in computing capabilities. This growing field offered him a new outlet to wet his intellectual appetite as he observed challenges in fine-grained computation. Existing systems were ill-suited to handle the more challenging problems in mathematics and science. **He started to consider how the mathematical solution for particle movement in Problem #110 could be modified to describe data movement in a computer** ā€“ a challenge which would consume him for many years + +MRW "describe data movement in a computer" + +[\*Not the full-of-whiskey-up-to-the-nipples kind either\*](https://i.redd.it/f2cbal0uscf91.gif) + +Third, Coke fucking did it: [https://www.plexus.com/en-us/case-studies/data-vortex](https://www.plexus.com/en-us/case-studies/data-vortex) + +>A new kind of supercomputer. +> +>The unique design of Dr. Reedā€™s Data Vortex network wasnā€™t your average incremental step in the evolution of computing technology. This was a huge stride ā€” a breakthrough capable of freeing scientific discovery from the limitations of traditional computing. +> +>The Data Vortex network is a self-routing dynamical system that allows for much faster processor-to-processor communication. Itā€™s scalable with no appreciable increase in latency because it moves small packets in a congestion-free network. It simply isnā€™t possible to achieve this using a crossbar-based network. The result is that the system delivers huge performance improvements for applications that require massive data movement. For certain problems, a Data Vortex system of equal size has a 32ā€“100 times performance improvement over a comparable system with the same number of x86 cores. +> +>Wherever vast amounts of information need to be processed ā€” academic and scientific research, government and other big data and artificial intelligence applications ā€” Data Vortex can make answers possible more quickly and efficiently than traditional computing. Several Data Vortex systems are now in place around the United States at government and academic sites, including the Department of Energy, Center for Advanced Technology Evaluation (CENATE) at Pacific Northwest National Laboratory, and the Center for Research in Extreme Scale Technologies (CREST) at Indiana University Bloomington. + +[Visual Representation of Coke's Data Vortex](https://preview.redd.it/ozdwvlzvscf91.png?width=996&format=png&auto=webp&s=595fbccb0fbc264242cd3581860879c3a7e6be97) + +Lost again? Alright here, **TADR: Coke's original solution made sense of particle movement in a specific whirlpool pattern. Coke then realized that his solution could be applied to computer data, and essentially bootstrapped the invention of an entirely new supercomputer.** + +Sound to good to be true? Can they actually deliver? Do people take them seriously? + +Well, Coke fucks: + +[https:\/\/www.datavortex.com\/history\/ ](https://preview.redd.it/rfj0pbsxscf91.png?width=931&format=png&auto=webp&s=125496b48190d604387c0d36977f51fdd8e8ff73) + +Dr. Coke himself speaking on his discovery, starts out with more wrinkles than a naked mole rate, but moves into a really nice story about his eureka moment over a hamburger: + +[https:\/\/vimeo.com\/113844392 ](https://preview.redd.it/7b89luozscf91.png?width=961&format=png&auto=webp&s=3c1e1296ffffbcf1f33dd877186379b761cf39de) + +Pretty cool right? What a sweet story! + +What's that you ask? + +"How does it tie in, u/flokki_the_monk?" + +Buckle up: + +[https:\/\/vimeo.com\/731030891 ](https://preview.redd.it/9n0tzpl1tcf91.png?width=946&format=png&auto=webp&s=24e30fcb8334149f914b1cae50b88f8eae0b55f6) + +Seriously, watch the video: [https://vimeo.com/731030891](https://vimeo.com/731030891) + +* Hardware Assigned ID's: "Impossible for computers Outside The Trusted Network to maliciously impersonate Network nodes. This alone eliminates half of all natural and malicious attacks in Byzantine fault scenarios." (A Byzantine fault is **any fault presenting different symptoms to different observers**. A Byzantine failure is the loss of a system service due to a Byzantine fault in systems that require consensus.) +* Predictable Latency: "Eliminates loss of data and performance and guarantees data packets will always be delivered with predictably low latency. Conventional Network simply cannot make this promise as data delivery can fail entirely." +* Non-Blocking Communication: "Bandwidth is also never a problem within a Data Vortex enhanced Network. Unlike conventional networks where high traffic between two or more nodes can preclude other nodes from accessing the network, the data Vortex which promises non-blocking communication between nodes and unhindered access to the network. +* Zero Packet Loss: "Zero packet loss is another benefit of data Vortex technology as packets simply do not get dropped. No matter how much traffic is being pushed through the network, Data Vortex guarantees all data packets will arrive and be accounted." +* Non-Partitionable: "A Data Vortex Network cannot be partitioned. When a conventional network is divided through a malicious attack, the isolated nodes within that Network produce split brain activity resulting in conflicting data records and unrecoverable data, when split brain recovery is attempted." + +This video was published 7/18/2022. In the days leading up to its release, Data Vortex successfully implemented The Raft consensus algorithm on Data Vortex technology. Quick reminder on what also happened in those days? + +[https:\/\/twitter.com\/ryancohen\/status\/1547433078796169216 ](https://preview.redd.it/8amidue3tcf91.png?width=289&format=png&auto=webp&s=4479988a704519f264fe75b0df0530848e16e334) + +# Edit Conclusion: Confident about your investment because GME's blockchain software is so superior that it will dominate the market? With Coke Reed and Data Vortex, GME will have the hardware to match. Hardware that offers security, reliability, and speed that's beyond anything else on the market. Watch the video, it's by far the most important thing in this post: [https://vimeo.com/731030891](https://vimeo.com/731030891) + +[boom](https://i.redd.it/5m88eyddtcf91.gif) + +Edit 2: Reddit butchered my formatting. Improved. + +Links: + +* [https://www.datavortex.com/](https://www.datavortex.com/) +* [https://en.wikipedia.org/wiki/Coke\_Reed](https://en.wikipedia.org/wiki/Coke_Reed) (why waste money on college?) +* [https://www.hpcwire.com/2018/01/15/coke-reed-data-vortex-brief-history/](https://www.hpcwire.com/2018/01/15/coke-reed-data-vortex-brief-history/) +* [https://www.plexus.com/en-us/case-studies/data-vortex](https://www.plexus.com/en-us/case-studies/data-vortex) +* [https://vimeo.com/400983764](https://vimeo.com/400983764) +Visiting Vegas for a conference next week and spending a good bit of extra/free time with partner (no kids). Havenā€™t been to Vegas in probably 10 years but looking for fatfire ideas for things to do that are a bit higher end. + +We arenā€™t big gamblers and typically like higher end vacations that are a bit more exclusive. E.g. boutique hotels vs megaresorts. So looking for things where we can avoid the masses/tourist traps a bit. + +We are staying at the cosmopolitan, for better or worse, just what was arranged. But what things are must do items if weā€™re willing to spend the money? I wouldnā€™t say money is no option but willing to spend. + +Great spa experiences, any must see shows, helicopter tours, Race cars etc. whatever youā€™ve got. + +Sorry if this isnā€™t totally on topic but I figure this group knows how to approach Vegas much better than myself! +The whole game is rigged. But not rigged in the sense of being against the retail investor, no.. It is rigged like a bomb waiting to detonate the entire world economy. It is 2008 all over again. If we put the facts into consideration, hedgies and banks are fucked beyond believe but somehow the metaphorical blind granny at the regulator's office is simply ignoring it and even empowering all this criminal behavior. + +Shorting is not criminal per se, the sheer act of selling a stock short has its merits, but at a certain point you have to realize that your thesis is simply false and move on but this idiots have gambled all their money and have also lost their entire capital. + +Ok, this is severe speculation territory but my guesstimate is that the shfs are effectively bancrupt and each day this moves on the debt gets bigger and bigger because while the price moves sideways, they are selling thousands of shares short and the piledump of naked shorts grows bigger by the minute. + +If the Mortgage backed securities bubble in 2008 was the atomic bomb, this one is the fucking hydrogen bomb fueled ion cannon of doom because while the mortgage crash in 2008 was well calculated and contained, (they basically lost what they loaned out which was big but history showed us that it was manageable in some ways) this situation is like a radioactive super toxic isotope that splits up into even more nasty stuff over time. An ever growing black hole of eternal debt was created by the market makers and now they are trying everything they can in order to hide it. + +It sometimes baffles me how the msm and these criminals are able to hide such a giant pile of stinking dogshit, covered in cum-infused camel vomit. Shit stinks so hard, the smell has already turned 3 times around the globe. These literal sociopaths have the audacity to stand in front of a camera at 9 a.m. and lie to the faces of every sane human being. Calling us a rabid mob of teenage rebels. Calling this whole fiasco that they alone have allowed to form a + +Meme stock frenzy +---- + + + +In conclusion I would like to give you a small annectode: + +If you chase a rabid wolf into a corner where he can't escape.... Where the only way out of this situation is to turn around, stare you in the eyes and not only fight to survive but fight for your life, no matter the cost. The Wolf might die and probably will. He is aware of that.. But he cannot run.. The only way is to kill the other one, even if he dies, he will try to take as many of his foes with him as possible.. This is terrorism, financial terrorism. Citadel is strapping a belt bomb over a belt bomb every week and threatening to take us out with them.. The sec and cftc are giving them one trench coat after another in order to hide the bomb but at this given time, the belts are so many that every sane person knows it... + + +I won't dance now but I will dance at moass because I haven't bet against the world economy, I simply like the stock and I was disgusted that certain actors in the market can kill off a company by illegal naked short selling if they feel like it in order to liquidate a huge competitor of Amazon. I have a clean conscience, we apes haven't done anything wrong. +I have a disability check every month, so i have never thought about unemployment per se. My partner has always had a job, we had 5000 in savings (what i already had spent in my head for the garden and scullery). We were very secure, or so i though. + +My partner lost his job. + +We applied for unemployment checks but where not sure if they would pay and or when. +Suddenly that 5000 was only for 2 months wages, and then it would be gone... + +Now, one month later, my partner is approved for unemployment checks (but no money received yet) and has a new job starting monday. + +But those 5000 euros? They will stay in the bank, i want at least 3 months wages in savings, maybe more. +It still does not feel like much, even though our troubles are minor compared to other stuff i read here. + +Other things i noticed: you can save a lot of money if you think it is not replaced by the end of the month. +I want to share with you a tool that I was continuously developing during the last couple of months. + +[https://github.com/polakowo/vectorbt](https://github.com/polakowo/vectorbt) + +&#x200B; + +As a data scientist, when I first started flirting with quant trading, I quickly realized that there is a shortage of Python packages that can actually enable me to iterate over a long list of possible strategies and hyper-parameters quickly. Most open-source backtesting libraries are very evolved in terms of functionality, but simply lack speed. Questions like "Which strategy is better: X or Y?" require fast computation and transformation of data. This not only prolongs your lifecycle of designing strategies, but is dangerous after all: limited number of tests is similar to a tunnel vision - it prevents you from seeing the bigger picture and makes you dive into the market blindly. + +After trying tweaking pandas, multiprocessing, and even evaluating my strategies on a cluster with Spark, I finally found myself using Numba - a Python library that can compile slow Python code to be run at native machine code speed. And since there were no packages in the Python ecosystem that could even closely match the speed of my own backtests, I made [vectorbt](https://github.com/polakowo/vectorbt). + +vectorbt combines pandas, NumPy and Numba sauce to obtain orders-of-magnitude speedup over other libraries. It builds upon the idea that each instance of a trading strategy can be represented in a vectorized form, so multiple strategy instances can be packed into a single multi-dimensional array. In this form, they can processed in a highly efficient manner and compared easily. It also integrates Plotly and ipywidgets to display complex charts and dashboards akin to Tableau right in the Jupyter notebook. You can find basic examples and explanations in the [documentation](https://polakowo.io/vectorbt/docs/index.html). + +&#x200B; + +Below is an example of doing in total 67,032 tests on three different timeframes of Bitcoin price history to explore how performance of a MACD strategy depends upon various combinations of fast, slow and signal windows: + + import vectorbt as vbt + import numpy as np + import yfinance as yf + from itertools import combinations, product + + # Fetch daily price of Bitcoin + price = yf.Ticker("BTC-USD").history(period="max")['Close'] + price = price.vbt.split_into_ranges(n=3) + + # Define hyper-parameter space + # 49 fast x 49 slow x 19 signal + fast_windows, slow_windows, signal_windows = vbt.indicators.create_param_combs( + (product, (combinations, np.arange(2, 51, 1), 2), np.arange(2, 21, 1))) + + # Run MACD indicator + macd_ind = vbt.MACD.from_params( + price, + fast_window=fast_windows, + slow_window=slow_windows, + signal_window=signal_windows, + hide_params=['macd_ewm', 'signal_ewm'] + ) + + # Long when MACD is above zero AND signal + entries = macd_ind.macd_above(0) & macd_ind.macd_above(macd_ind.signal) + + # Short when MACD is below zero OR signal + exits = macd_ind.macd_below(0) | macd_ind.macd_below(macd_ind.signal) + + # Build portfolio + portfolio = vbt.Portfolio.from_signals( + price.vbt.tile(len(fast_windows)), entries, exits, fees=0.001, freq='1D') + + # Draw all window combinations as a 3D volume + fig = portfolio.total_return.vbt.volume( + x_level='macd_fast_window', + y_level='macd_slow_window', + z_level='macd_signal_window', + slider_level='range_start', + template='plotly_dark', + trace_kwargs=dict( + colorscale='Viridis', + colorbar=dict( + title='Total return', + tickformat='%' + ) + ) + ) + fig.show() + +&#x200B; + +https://reddit.com/link/hxl6bn/video/180sxqa8mzc51/player + +From signal generation to data visualization, the example above needs roughly a minute to run. + +&#x200B; + +vectorbt let's you + +* Analyze and engineer features for any time series data +* Supercharge pandas and your favorite tools to run much faster +* Test thousands of strategies, configurations, assets, and time ranges in one go +* Test machine learning models +* Build interactive charts/dashboards without leaving Jupyter + +The current implementation has limitations though: + +* It's still experimental and fast evolving, thus API can change quickly. +* Fast processing means more memory requirements. Above example created multiple DataFrames each taking 46MB of RAM (price, signals, cash, shares, equity, returns, etc). The issue can be mitigated by deleting at least some artifacts as soon as they are created and by disabling caching. +* Usage requires intermediate knowledge of pandas and NumPy to understand what's going on. Numba can be learned faster because of it mimicking NumPy. I tried to make lots of small examples in the documentation to get the idea how everything is glued together. +* The approach of merging vectorized and iterative code differs significantly from classic OOP approach of designing strategies, and will require you to rethink how strategies are formulated and implemented (which is kinda fun). +* Finally, if you're looking for a pure backtesting solution - it's not. It's more of a data mining tool to get to know your market and approach better. + +&#x200B; + +If it sounds cool enough, try it out! I would love if you'd give me some feedback and contribute to it at some point, as the codebase has grown very fast. Cheers. +I want to share with you a tool that I was continuously developing during the last couple of months. + +[https://github.com/polakowo/vectorbt](https://github.com/polakowo/vectorbt) + +&#x200B; + +As a data scientist, when I first started flirting with quant trading, I quickly realized that there is a shortage of Python packages that can actually enable me to iterate over a long list of possible strategies and hyper-parameters quickly. Most open-source backtesting libraries are very evolved in terms of functionality, but simply lack speed. Questions like "Which strategy is better: X or Y?" require fast computation and transformation of data. This not only prolongs your lifecycle of designing strategies, but is dangerous after all: limited number of tests is similar to a tunnel vision - it prevents you from seeing the bigger picture and makes you dive into the market blindly. + +After trying tweaking pandas, multiprocessing, and even evaluating my strategies on a cluster with Spark, I finally found myself using Numba - a Python library that can compile slow Python code to be run at native machine code speed. And since there were no packages in the Python ecosystem that could even closely match the speed of my own backtests, I made [vectorbt](https://github.com/polakowo/vectorbt). + +vectorbt combines pandas, NumPy and Numba sauce to obtain orders-of-magnitude speedup over other libraries. It builds upon the idea that each instance of a trading strategy can be represented in a vectorized form, so multiple strategy instances can be packed into a single multi-dimensional array. In this form, they can processed in a highly efficient manner and compared easily. It also integrates Plotly and ipywidgets to display complex charts and dashboards akin to Tableau right in the Jupyter notebook. You can find basic examples and explanations in the [documentation](https://polakowo.io/vectorbt/docs/index.html). + +&#x200B; + +Below is an example of doing in total 67,032 tests on three different timeframes of Bitcoin price history to explore how performance of a MACD strategy depends upon various combinations of fast, slow and signal windows: + + import vectorbt as vbt + import numpy as np + import yfinance as yf + from itertools import combinations, product + + # Fetch daily price of Bitcoin + price = yf.Ticker("BTC-USD").history(period="max")['Close'] + price = price.vbt.split_into_ranges(n=3) + + # Define hyper-parameter space + # 49 fast x 49 slow x 19 signal + fast_windows, slow_windows, signal_windows = vbt.indicators.create_param_combs( + (product, (combinations, np.arange(2, 51, 1), 2), np.arange(2, 21, 1))) + + # Run MACD indicator + macd_ind = vbt.MACD.from_params( + price, + fast_window=fast_windows, + slow_window=slow_windows, + signal_window=signal_windows, + hide_params=['macd_ewm', 'signal_ewm'] + ) + + # Long when MACD is above zero AND signal + entries = macd_ind.macd_above(0) & macd_ind.macd_above(macd_ind.signal) + + # Short when MACD is below zero OR signal + exits = macd_ind.macd_below(0) | macd_ind.macd_below(macd_ind.signal) + + # Build portfolio + portfolio = vbt.Portfolio.from_signals( + price.vbt.tile(len(fast_windows)), entries, exits, fees=0.001, freq='1D') + + # Draw all window combinations as a 3D volume + fig = portfolio.total_return.vbt.volume( + x_level='macd_fast_window', + y_level='macd_slow_window', + z_level='macd_signal_window', + slider_level='range_start', + template='plotly_dark', + trace_kwargs=dict( + colorscale='Viridis', + colorbar=dict( + title='Total return', + tickformat='%' + ) + ) + ) + fig.show() + +&#x200B; + +https://reddit.com/link/hxl6bn/video/180sxqa8mzc51/player + +From signal generation to data visualization, the example above needs roughly a minute to run. + +&#x200B; + +vectorbt let's you + +* Analyze and engineer features for any time series data +* Supercharge pandas and your favorite tools to run much faster +* Test thousands of strategies, configurations, assets, and time ranges in one go +* Test machine learning models +* Build interactive charts/dashboards without leaving Jupyter + +The current implementation has limitations though: + +* It's still experimental and fast evolving, thus API can change quickly. +* Fast processing means more memory requirements. Above example created multiple DataFrames each taking 46MB of RAM (price, signals, cash, shares, equity, returns, etc). The issue can be mitigated by deleting at least some artifacts as soon as they are created and by disabling caching. +* Usage requires intermediate knowledge of pandas and NumPy to understand what's going on. Numba can be learned faster because of it mimicking NumPy. I tried to make lots of small examples in the documentation to get the idea how everything is glued together. +* The approach of merging vectorized and iterative code differs significantly from classic OOP approach of designing strategies, and will require you to rethink how strategies are formulated and implemented (which is kinda fun). +* Finally, if you're looking for a pure backtesting solution - it's not. It's more of a data mining tool to get to know your market and approach better. + +&#x200B; + +If it sounds cool enough, try it out! I would love if you'd give me some feedback and contribute to it at some point, as the codebase has grown very fast. Cheers. +I want to share with you a tool that I was continuously developing during the last couple of months. + +[https://github.com/polakowo/vectorbt](https://github.com/polakowo/vectorbt) + +&#x200B; + +As a data scientist, when I first started flirting with quant trading, I quickly realized that there is a shortage of Python packages that can actually enable me to iterate over a long list of possible strategies and hyper-parameters quickly. Most open-source backtesting libraries are very evolved in terms of functionality, but simply lack speed. Questions like "Which strategy is better: X or Y?" require fast computation and transformation of data. This not only prolongs your lifecycle of designing strategies, but is dangerous after all: limited number of tests is similar to a tunnel vision - it prevents you from seeing the bigger picture and makes you dive into the market blindly. + +After trying tweaking pandas, multiprocessing, and even evaluating my strategies on a cluster with Spark, I finally found myself using Numba - a Python library that can compile slow Python code to be run at native machine code speed. And since there were no packages in the Python ecosystem that could even closely match the speed of my own backtests, I made [vectorbt](https://github.com/polakowo/vectorbt). + +vectorbt combines pandas, NumPy and Numba sauce to obtain orders-of-magnitude speedup over other libraries. It builds upon the idea that each instance of a trading strategy can be represented in a vectorized form, so multiple strategy instances can be packed into a single multi-dimensional array. In this form, they can processed in a highly efficient manner and compared easily. It also integrates Plotly and ipywidgets to display complex charts and dashboards akin to Tableau right in the Jupyter notebook. You can find basic examples and explanations in the [documentation](https://polakowo.io/vectorbt/docs/index.html). + +&#x200B; + +Below is an example of doing in total 67,032 tests on three different timeframes of Bitcoin price history to explore how performance of a MACD strategy depends upon various combinations of fast, slow and signal windows: + + import vectorbt as vbt + import numpy as np + import yfinance as yf + from itertools import combinations, product + + # Fetch daily price of Bitcoin + price = yf.Ticker("BTC-USD").history(period="max")['Close'] + price = price.vbt.split_into_ranges(n=3) + + # Define hyper-parameter space + # 49 fast x 49 slow x 19 signal + fast_windows, slow_windows, signal_windows = vbt.indicators.create_param_combs( + (product, (combinations, np.arange(2, 51, 1), 2), np.arange(2, 21, 1))) + + # Run MACD indicator + macd_ind = vbt.MACD.from_params( + price, + fast_window=fast_windows, + slow_window=slow_windows, + signal_window=signal_windows, + hide_params=['macd_ewm', 'signal_ewm'] + ) + + # Long when MACD is above zero AND signal + entries = macd_ind.macd_above(0) & macd_ind.macd_above(macd_ind.signal) + + # Short when MACD is below zero OR signal + exits = macd_ind.macd_below(0) | macd_ind.macd_below(macd_ind.signal) + + # Build portfolio + portfolio = vbt.Portfolio.from_signals( + price.vbt.tile(len(fast_windows)), entries, exits, fees=0.001, freq='1D') + + # Draw all window combinations as a 3D volume + fig = portfolio.total_return.vbt.volume( + x_level='macd_fast_window', + y_level='macd_slow_window', + z_level='macd_signal_window', + slider_level='range_start', + template='plotly_dark', + trace_kwargs=dict( + colorscale='Viridis', + colorbar=dict( + title='Total return', + tickformat='%' + ) + ) + ) + fig.show() + +&#x200B; + +https://reddit.com/link/hxl6bn/video/180sxqa8mzc51/player + +From signal generation to data visualization, the example above needs roughly a minute to run. + +&#x200B; + +vectorbt let's you + +* Analyze and engineer features for any time series data +* Supercharge pandas and your favorite tools to run much faster +* Test thousands of strategies, configurations, assets, and time ranges in one go +* Test machine learning models +* Build interactive charts/dashboards without leaving Jupyter + +The current implementation has limitations though: + +* It's still experimental and fast evolving, thus API can change quickly. +* Fast processing means more memory requirements. Above example created multiple DataFrames each taking 46MB of RAM (price, signals, cash, shares, equity, returns, etc). The issue can be mitigated by deleting at least some artifacts as soon as they are created and by disabling caching. +* Usage requires intermediate knowledge of pandas and NumPy to understand what's going on. Numba can be learned faster because of it mimicking NumPy. I tried to make lots of small examples in the documentation to get the idea how everything is glued together. +* The approach of merging vectorized and iterative code differs significantly from classic OOP approach of designing strategies, and will require you to rethink how strategies are formulated and implemented (which is kinda fun). +* Finally, if you're looking for a pure backtesting solution - it's not. It's more of a data mining tool to get to know your market and approach better. + +&#x200B; + +If it sounds cool enough, try it out! I would love if you'd give me some feedback and contribute to it at some point, as the codebase has grown very fast. Cheers. +A while back I talked to several older family members who are well off. Well off meaning they have over $1 million dollars in investments. As I talked to them about how they got there I found out they have average but well jobs, they saved and invested regularly and the most interesting part is they all had 100% in equities. + +When I asked why as they were all over 50 they told me because to get the best return you have to be in all equities. + + (Me think thinking: yeah thatā€™s true but...) + +Then they continued and said; I know every year I will likely see a correction of 10% and it will bounce back and I know every 5-10 years I will see a correction of 30% and will bounce back. + +So it got me thinking, yeah thatā€™s true, I mean as long as your timeframe makes sense and you understand and are comfortable with the risk (risk being the ups and downs in a diversified portfolio). + +To add more clarity to their situation: they have plenty of cash for day to day expenses, emergencies (3 months ), they own real estate and have mortgages. Stable jobs. + + +Flash forward 10 years and I still follow their advice and honestly I have no complaints. I understand that at any point a 30% drop can happen, and as long as I leave it alone I am good. + +Anyone else have a 100% equity portfolio ? Agree, disagree? +[https://www.cnbc.com/2022/08/05/jobs-report-july-2022-528000.html](https://www.cnbc.com/2022/08/05/jobs-report-july-2022-528000.html) + +&#x200B; + +Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. + +Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6% respectively. + +Wage growth also surged higher, as average earning earnings jumped 0.5% for the month and 5.2% from the same time a year ago. Those numbers add fuel to an inflation picture that already has consumer prices rising at their fastest rate since the early 1980s. +Recently I have been reading about the IWW and unions generally and I was wondering what you guys and gals of AusFinance think? +Are you a member of a union? +Do you support unions generally? +Given the current climate do you think we are going to see a resurgence in membership? +Last week, I watched the [Four Corners episode on Qantas](https://www.youtube.com/watch?v=iQKnazRIEc8), and then just yesterday, I read this news article: [Qantas boss Alan Joyce blasted over eye-watering salary](https://www.news.com.au/travel/qantas-boss-alan-joyce-blasted-over-eyewatering-salary/news-story/71e64aa20c9ebfdf8df630cbb97276b5) (namely $75 million from 2012-2020, and another $4.2 million from 2020-2022). + +Alan Joyce has been CEO of Qantas since 2008. He has attracted controversy over those years, but especially in recent years as the reputation of Qantas has been plummeting. Which raises the following questions: + +* Why does Qantas retain him if it seems like he's doing a bad job? +* Why does he have such a strong grip on Qantas? It's not like he bought Qantas. +* Can't Qantas replace him with someone willing to accept a smaller salary (even a quarter of that salary is still a lot)? Less salary for the CEO = more money to invest in the future of the company or more money for dividends. + +Also, why does Qantas love using non-disclosure agreements? A few years ago, I watched [Channel 7's episode on QF72](https://www.youtube.com/watch?v=0cS1SMptlnQ), and I was shocked to see how much censorship goes on at Qantas. +Seriously, this is one of the most frequent and stupidest comments I see on this sub whenever someone posts about job problems. + +Can the IT brigade on this sub please stop dishing out "learn programming" as a solution to every job problem? Especially where you don't understand the person, their unique situation, etc. + +We get it, you're a programmer, or some kind of IT warrior. But the lack of empathy from this group of people towards understanding other people's tough situation in job sectors they have no experience in is just shocking and careless when dishing out advice. +[https://www.ft.com/content/3323dde1-af89-447f-9b62-cc98d9afe132](https://www.ft.com/content/3323dde1-af89-447f-9b62-cc98d9afe132) + +**Initial applications for unemployment benefits fell to 787,000 last week** + +New US jobless claims fell to the lowest level since early March last week but remained elevated above 700,000, as the Trump administration and Democrats remained at odds over a broad package of economic aid under two weeks before the presidential election. + +Initial applications for unemployment benefits dropped to a seasonally adjusted 787,000, compared with 842,000 in the prior week, the US labour department said on Thursday. The figure was lower than economistsā€™ forecast of 860,000 claims. + +The federal Pandemic Unemployment Assistance programme, which offers benefits to the self-employed and others who would not qualify for regular benefits, registered 345,440 new claims on an unadjusted basis, up from 337,228. + +The number of Americans actively collecting state jobless aid totalled 8.4m in the week that ended on October 10. That continued a positive trend in continuing claims, having dropped from 9.4m in one week and from 12.7m in the span of one month. However, economists have partly attributed the fall to unemployed workers exhausting regular benefits. + +The insured unemployment rate, considered an alternative measure of joblessness, dropped to 5.7 per cent from 6.4 per cent. + +Treasury secretary Steven Mnuchin and Nancy Pelosi, the Democratic House speaker, have continued stimulus negotiations into this week in a last-ditch attempt to hammer out an agreement before the poll. + +Mark Meadows, White House chief of staff, said on Wednesday he was ā€œoptimisticā€ about the talks. ā€œWe do share one goal, and that is hopefully to get some kind of deal in the next 48 hours or so,ā€ he told Fox Business. He added that funding for state and local governments was the biggest sticking point. + +As coronavirus outbreaks in Americaā€™s south and west this summer faded, hopes for a steadier recovery in the labour market rose after big states including Florida and Texas loosened curbs on businesses. + +But health officials have warned that other regions, particularly the Midwest, could be at risk of outbreaks. Wisconsin, where the rate of positive tests has hit highs this month, has emerged as a new virus hotspot. The north-east states of New Jersey and Connecticut have also reported a rise in infections after quelling earlier outbreaks. + +Federal Reserve officials have warned that the economyā€™s rebound could sputter without further stimulus from Washington. Republicans in the Senate put forward another $500bn bill this week that would increase unemployment aid, among other measures, but it was blocked by Democrats before reaching a vote. Donald Trump has said he would support a bigger spending plan, while House Democrats have backed a $2.2tn proposal. + +The jobless claims report showed that 23.2m people were claiming benefits in all state and federal programmes as of October 3, down from 24.2m, according to unadjusted figures that are reported on a two-week delay. + +The US has recovered half of the 22m jobs lost in March and April, bringing the unemployment rate down to 7.9 per cent in September ā€” below its pandemic-era peak of 14.7 per cent. +Maybe movement from leadership on some of these concerns will help with personal panic that might be showing up in the markets and might provide some relief to investors. The fact that it's the Treasury Secretary working with Pelosi demonstrates that they do connect what's happening in the market to some need for action on pandemic issues. + +>"House Speaker Nancy Pelosi says that she and the Trump administration are close to agreement on a coronavirus aid package to reassure anxious Americans by providing sick pay, free testing and other resources, hoping to calm teetering financial markets amid the mounting crisis." + +[https://www.marketwatch.com/story/pelosi-says-agreement-near-with-white-house-on-virus-aid-2020-03-13?mod=home-page](https://www.marketwatch.com/story/pelosi-says-agreement-near-with-white-house-on-virus-aid-2020-03-13?mod=home-page) + +While this doesn't actually solve the problems of the economic toll that comes from relying on social distancing and self-isolation as a pandemic response instead of vigorous tracking, treatment and containment, it's at least something concrete that addresses some of the concerns of workers and their families. +Look at the tech stocks, they have rebounded. + +Things can't stay bad all the time (despite what the pessimists like to think), eventually things get better! + +Hold on to quality assets like ETH, and buy during the dips! + +(Avoid leverage, things will still be volatile!) + +ETH is a fundamental piece of Web3, Metaverse, and DeFi, it will definitely be here to stay! +I didnā€™t really know where to post this. But figured maybe someone on here could tell me if this guy was just playing me. + +My friend and I ate at a restaurant a month ago. The meal came to $170. The owner ran my credit card twice and told me it didnā€™t go through, and my friend ended up paying. + +Two weeks later I realize that my card was charged twice for $170. Confirmed with my friend that his card was also charged. + +I contacted the owner. I was polite at first and gave him time but he kept delaying. Told me the charges would ā€œautomatically appear as creditsā€ when I get the statement. They didnā€™t. + +Eventually he flat out refused to reimburse me, so I ended up initiating a charge back. + +Here is his word for word explanation of what happened after he realized I did the charge back: + +Hi + +We just got our monthly report +For april 16th. +As per our report we didnā€™t have your charge. But on the closing transactions we do have those charges. Since it was reported as charge back. +The credit card company will credit back your account. +On that particular day there was internet outage and your card went thru but not on our daily charge report. Thatā€™s the reason we were not able to process your credit and I can prove it on our side and our closing statement we didnā€™t have your charge. +Thanks for your patience +Your card will be credited for that amount of $ 169.85 +And $ 169 83 + +Thanks for going thru the trouble on your end and our end. +Centi-billionaire Elon Musk provoked Twitter and challenged the companyā€™s CEO Parag Agrawal to a ā€œpublic debateā€ about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. + +Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the companies agreed to move ahead with a take-private deal, Musk said he was terminating his acquisition, and accused Twitter of presenting false numbers, including in its SEC filings, pertaining to the amount of monetizable daily active users, and the number of spam and bot accounts on the social network. + +Twitter then sued Musk in a Delaware chancery court to ensure the deal would go through as promised, and Musk filed counterclaims and a countersuit there on July 29. + +In a series of tweets that Musk began posting just before 1 a.m. on Saturday, Aug. 6, Musk interacted with a fan who had summarized his accusations about Twitter including that it was stonewalling him and giving him, ā€œoutdated data,ā€ and ā€œa fake data setā€ when he asked the company for details about how it tabulates mDAU, and estimates for spam and bot accounts. + +The Tesla and SpaceX CEO wrote, ā€œGood summary of the problem. If Twitter simply provides their method of sampling 100 accounts and how theyā€™re confirmed to be real, the deal should proceed on original terms. However, if it turns out that their SEC filings are materially false, then it should not.ā€ + +By just after 9 a.m. Saturday morning, Musk started a Twitter poll asking his followers to vote on whether ā€\[l\]ess than 5% of Twitter daily users are fake/spam.ā€ Respondents to the informal poll could choose one of Muskā€™s provided answers which read either ā€œYesā€ followed by three robot emoji, or ā€œLmaooo no.ā€ (The slang abbreviation ā€œlmaoā€ stands for ā€œlaughing my a-- off.) + +Musk also wrote Saturday morning: ā€œI hereby challenge u/paraga to a public debate about the Twitter bot percentage. Let him prove to the public that Twitter has <5% fake or spam daily users!ā€ + +https://preview.redd.it/0pc4fltiuhg91.jpg?width=1202&format=pjpg&auto=webp&s=f27f0b0cb950e14fdfd81530c90462f833e009b0 + +A source close to the company says a debate is not going to happen outside of a pending trial. + +Attorneys for Musk did not respond to requests to comment on Saturday, and an attorney for Twitter declined to comment on Muskā€™s Saturday tweets. + +Twitterā€™s attorneys have argued in court filings that Musk gave the company just twenty-four hours to accept his offer before he would present it directly to Twitter shareholders, and waived due diligence including a chance to seek more information on false or spam accounts. + +They wrote in court filings, ā€œMuskā€™s repeated mischaracterizations of the merger agreement cannot change its plain words.ā€ + +At an annual shareholder meeting for Tesla on Aug. 4, Musk was asked to speak about Twitter during a question-and-answer session that followed a proxy vote. + +He said, drawing laughter from the audience in attendance, ā€œI obviously have to be a little careful what I say about Twitter because thereā€™s this lawsuit and stuff.ā€ He confirmed that the only two publicly traded securities he owns are Tesla and Twitter. + +And then he spoke as if he still wants to become the owner of the social networking company, a stark contrast to arguments made by Musk via his attorneys in legal filings in Delaware in which Musk argues he should not have to go through with the deal. + +At the Tesla 2022 shareholdersā€™ meeting, Musk said: ā€œI think in the case of Twitter since I use it a lot, shoot myself in the foot a lot, you know, dig my grave, etc. I think itā€™s ā€” I do understand the product quite well, so I think Iā€™ve got a good sense of where to point the engineering team at Twitter to make it radically better.ā€ + +He added that Twitter would ā€œhelp accelerateā€ a ā€œpretty grand visionā€ he had to build a business heā€™d been thinking about since his earliest years as a tech entrepreneur, [X.com](https://X.com) or X Corporation. + +ā€œObviously that could be started from scratch,ā€ he said, ā€œbut I think Twitter would help accelerate that by three to five years. So itā€™s kind of like something Iā€™ve thought would be quite useful for a long time. I know what to do. Donā€™t have to have Twitter for that but, like I said, itā€™s probably at least a three-year accelerant and I think itā€™s something that will be very useful to the world.ā€ + +Musk didnā€™t go into any further details at that meeting. However, he reportedly said during a town hall meeting with Twitter employees in June this year that he wanted to grow Twitterā€™s user base to a billion people and saw Twitter as a platform that could evolve into an app like Chinaā€™s WeChat, a ā€œsuper app,ā€ that incorporates everything from messaging, video and social media, to mobile and point-of-sales payments, with a robust app ecosystem. + +Unless they reach a settlement first, Twitter and Musk are headed for a five-day trial in Delaware that starts on Oct. 17. The judge ruling on the case is Chancellor Kathaleen St. J. McCormick. + +Source: [https://www.cnbc.com/2022/08/06/elon-musk-challenges-twitter-ceo-parag-agrawal-to-a-debate-on-bots.html](https://www.cnbc.com/2022/08/06/elon-musk-challenges-twitter-ceo-parag-agrawal-to-a-debate-on-bots.html) + +Elon Musk has challenged Twitterā€™s CEO Parag Agrawal to a public debate about the percentage of bots on Twitter. Musk is confident that Agrawal can't prove that less than 5% of TWTR accounts are fake or spam. + +Twitter and Musk are headed for a five-day trial that will start on Oct. 17. In whose favor do you think the court suit will be ruled? + +Elon Musk or Twitter? +Hey all! + +Just got a bit of a shock (Not really but not expecting it to be this much of a jump) + +I live in Melbourne CBD, in a 1 bedroom + Dining room (Could be 2nd bedroom, has no walls) apartment that was built around 2004ish. + +I am currently paying $300 a week. Got it during covid hence it being so cheap. + +* No AC +* No Dish Washer +* No Bath +* No car park + +It does however have + +* Pool +* Gym +* Sauna + +I recently received an email that went will be going from $300 a week to $560 per week! I was expecting $150 a week, but $260?! Crazy. + +Went and did some looking online and found a number of nice apartments still listed for roughly $400 and asked them to justify the price increase and such. + +Hope you are all having more luck than I am! + +How has your rent increases been, and conversations been? +How many times have you thought you were onto the next BIG project.. + + +Only to get wiped out by bots, honey-pots, rug pulls, and more šŸ˜¤ + + +Your hard-earned cash scooped up by some derelict children with less business sense than an authentic Japanese store selling products made in the USA! + + +The era of community tokens is here, and it's only getting bigger. + + +But.. + + +That growth is unfortunately generating countless opportunities for scammers to clean you out. + + +So how do you invest your money in a safe, effective and rewarding manner where you can go to sleep at night, without stressing about waking up to a dead coin? + + +The answer is simple. + + +MoonRetreiver, the first BSC Risk Assessment Platform that aims to take the community token niche to a whole new level, bringing an array of features together, where you would normally have to.. + + +\- Check multiple websites +\- Search for vulnerabilities in code +\- Understand tokenomics +\- Collate all the data together and make a decision + + +For most of us, this simply isn't possible. + + +So, why can't we have a platform you log into like ANY other portfolio/tool based software that covers this specific niche within the crypto world that harbours so much potential for incredible, life-changing growth? + + +This is was brought the team behind MoonRetriever together. + + +They believe so firmly in the future of community tokens that they have dedicated their focus towards creating the GOTO platform for safety & security in this amazing space. + + +You can find their website and lite paper here: [https://moonretriever.com/](https://moonretriever.com/) + + +Before you do though! + + +Check out this video on them: [https://youtu.be/EUjNykhYw9k](https://youtu.be/EUjNykhYw9k) + + +...and continue reading on below šŸ‘‡ + + +I think it's worth noting some of the achievements and updates they've already achieved: + +1. They had an incredibly successful launch hitting a $20M market cap in the first few hours + +2. Despite being a few days old during one of the biggest crypto dips they've had in a long time, they've held our community base and MC strong. + +3. Theyā€™re doxxed, fully audited, Gov issued ID's and all + +4. Trended #1 on Coinhunt.cc (next availability for promote section booked for June 3rd) + +5. Huge marketing plans on the way (Top tier influencers, comps, etc.) + +6. Sneak peek of the UI/UX on their upcoming platform, looks and sounds amazing! + +7. Community is absolutely amazing, so supportive, respectful and fun. + +8. Getting real close to 13.000 holders! + +9. Super active team members, almost 24/7. + +... and so much more! + +&#x200B; + +With the market finally looking like it wants to recover, they've got some very exciting news to surprise the community with very very soon. + +There was an announcement this morning saying theyā€™re pushing out an initial wave of influencers and partnerships now that the market is looking better - while theyā€™re waiting for the perfect opportunity to bring out the real deal theyā€™ve got hidden up their sleeves. + +Also they mentioned that they will be having a voice chat where the lead devs will hold a voice with the community, give some updates and hold a Q & A. + +I got zero doubts about this team and thereā€™s a lot juiciness coming these days ahead of us. + +Join their TG & don't miss out: https://t.me/MoonRetriever +I understand the differences between a, b, and c properties. But how can you tell what grade a property is in if you arenā€™t familiar with the market? Is this speculative? + Hi all, + +Only 55% of fund managers invest some of their own money in the funds they manage [with only 15% investing over 1M](https://citywireusa.com/professional-buyer/news/the-rec-list-how-many-managers-invest-in-their-own-funds/a1414253), research suggests that [funds where managers put a significant amount of money tend to have better outcomes](https://www.investors.com/etfs-and-funds/mutual-funds/does-your-mutual-fund-manager-have-skin-in-the-game-these-do/). + +So I'm looking for mutual funds and ETFs where the managers invest their own money in the fund. I read that funds report that to the SEC but I'm not sure where to find it... + +Edit: Added more percentage data on fund managers stakes in their funds courtesy of u/poolandapondforyou +I got an update from experian that there was a loan which was written of by the lender in month of November. Lender is IDFC First Bank. I don't have an account or loan from IDFC First Bank. They have approved the loan on 24th November and closed it on 30th November. No idea how it happened or how to contact any of them. I just have the account number on my experian report. This has resulted in 70 point drop in my credit score. How can I sort this out and has anyone faced such thing before? + +Update 1: + +Tried contacting both IDFC and Flipkart customer care and was able to reach them after 3 hours. :( + +Flipkart is saying your buy now pay later is not active. So its not our fault. Its from the bank end you have to sort it out and IDFC is saying that get a written confirmation from flipkart which Flipkart is saying we can't provide for some weird reason. I can see in the app that the option is not active for me. So atleast flipkart is not lying. + +I have told IDFC that its you who have Updated my credit report so you clean up this mess. They have asked my credit report so that they can check internally. Funny thing is they cant find anything using my pan card or mobile number in the banks database. Which makes it even worse. I have told them to Update by eod or I am writing to RBI on this. + +Meanwhile I have also raised a dispute with Experian. + +Update 2: + +I went through all my emails and realized that i signed up for Ola postpaid somewhere in October. Guess what, Ola postpaid is also supported by IDFC First Bank. So contacted IDFC again and explained them the whole thing for which the customer care said they dont even know about this tie up with Ola. + +Looks like there is some misunderstanding on information flow betwee Ola and IDFC bank on this and I have now written to both of them to rectify this. + +I rarely use my ola postpaid and pay off it immediately right after the trip. I had no idea it can cause such a big issue. Ola money team is saying there is no default payments on your account and there is no reason for your credit score to be impacted. + +Also I guess I owe an apology to flipkart thanks to the confusion caused by IDFC executive. + +Guess its now wait and watch for mešŸ˜‘ + +PSA: Please do periodic checks on your credit score. It can get really ugly due to such incompetent banks and fintech providers. + +UPDATE 3: + +Still no resolution from IDFC side. Written complaint to RBI. Meanwhile the team at Ola said no error for the past 1 week even after showing the report. Then without my consent they closed the postpaid account. They even fabricated an email saying I asked for it. Suckers don't even know how Zendesk works. My Advice to everyone would be to stop using OlaMoney and definitely their postpaid service. Service is horrible and unethical. If they can fabricate email what stops them from making reports that you defaulted on payments. + +Funny part is their customer care calling me for ola money insurance policies. Pathetic company. I thought their cab service was pathetic + But this is worse + +Update 4: + +IDFC has resolved it with Experian and credit score is back to original. Though it took a lot of emails to get it done. +Always check your credit report monthly or quarterly. +Investing in ETFs for long term is really good but i am in a weird financial situation and i dont know if i personally should start. I have made another post (my only post) explaining everything , take a look if you want but in a really quick TLDR my situation is: + +Both my parents are dead , i am 20 years old , living only with my grandfather (80 years old) , i am in university , i have no debts , and i take a pension of 180 euros per month Because i have no parents and i am a uni student and i am NOT allowed to work or else i will lose the pension. The minimum wage here is 550 euros , i will finish uni in around 4-5 years. The pension will continue for 36 more months (6480 euros) and then it will stop regardless of whether i am still in uni or not. My grandpa gives me 50 euros per month which is more than enough to get by and i save all 180 euros of my pension. I rarely use some money of my savings (~200 euros per year). All my other expenses (food, home) are covered by my grandfather because i live with him. + +I have 2200 euros in my bank and 2000 euros in my broker account which is degiro. I haven't bought anything and i am thinking of taking my money back and deleting my broker account. If i will invest i will only buy VWCE. What makes me double think is that i want to move abroad permenanlty after i finish uni (4-5 years?) And i might probably have to sell my VWCE to do so i guess and it might be down at that time. Also , if my grandfather dies before i finish uni i will have to work + study and i will be in a hard financial situation because i will have expenses of like 600 euros per month. If i invest, i won't add any more money for like a year so that i have a bigger emergency fund (4500 euros). After that , i might add some of the pension money monthly. + +Considering all the above , does it even worth the hustle? If i expect an average return of ~8% per year , those 2000 (without ever adding more money) would make a profit of 750 euros in 4 years which tbh is nothing. And i also risk that the market could be down when i plan to move abroad in case i want to sell because of my moving. Even if i dont sell then and let's say i sell in 15+ years , i will be taxed in the new country (in my current country there are no taxes on VWCE) so i will have even less profit and we are talking for such low amounts of money and I don't know if its worth it. Maybe i should save all my money and dont invest until i move abroad and have a good job? I am really confused. What would you advise me? +Fellas, inflation is upon us, most fucking likely. +My Yolo capital reserves need safety and as such is the case, I've started looking into precious metal stocks. +What are some good gold and silver stocks with strong foundations that I should be looking into? +**These are companies that popped on my radar:** +**Newmont Corporation (NEM)** + +* Newmont Corporation (NEM:NYSE & NGT:TSX) announced that its board of directors has granted approval for advancing the Ahafo North Project into the execution phase. The project exceeds the Company's required internal rate of return, adding profitable production from the best-unmined gold deposit in West Africa. +* Earlier this year Newmont Declares Quarterly Dividend of $0.55 Per Share + +**Barrick Gold Corp (GOLD)** + +* A couple of months ago Barrick Gold signed 4 contracts for gold exploration with the Egyptian Government. +* The company is expected to deliver superior performance over the second half of the year as its financials should also take advantage of higher demand volumes. +* For2021, the company forecasts that it will dig up between 4.4 million to 4.7 million ounces of gold from its reserves, paying an all-in sustaining cost ranging between $940 and $1,020 per ounce of gold sold. + +**Benchmark Metals Inc. (BNCH.V)** + +* Benchmarkā€™s flagship Lawyers Gold-Silver Project is one of the largest drill programs in Canada located within the Golden Horseshoe area of north-central British Columbia. +* On May 14, 2021, the Company announced the Updated Mineral Resource Estimate that provided 2.1 million ounces ("Moz") grading 1.62 grams per tonne ("g/t") gold equivalent ("AuEq") of Indicated Mineral Resources and 821,000 ounces grading 1.58 g/t AuEq of Inferred Mineral Resources. + +**ETF's :** + +* iShares Gold Trust (IAU) +* SPDR Gold Trust (GLD) +* VanEck Merk Gold Trust (OUNZ) +A lot more people are now are of index funds and rely on them to diversify their investment portfolios. + +The more people use them, how is this likely to affect them long term? For reference, Iā€™m heavily invested in the S&P500 and am wondering how it will likely perform if investors flood the index funds. + +Will it just mean they continue to grow stronger? Iā€™m aware that it depends on how the market performs as a whole, but would this impact it in a negative or positive way? +I believe that within this Sub, that there are more senior in age, and investing then I, and I feel that there are so many gems of knowledge that you guys will have learnt over your time investing. + +I donā€™t intend for this to break R2 - as itā€™s not a beginner question as such - just what is something you would tell your younger self if you could - regarding investing. +The climb into the atmosphere has begun. + +&amp;#x200B; + +Moon bud is a community owned, rug-proof token, all liquidity has been locked for a year and ownership has been renounced. + +&amp;#x200B; + +In a mere 24 hours since launch, moonbud has raised a mind-numbing $150,000 USD for charity and animals in need, which is completely unheard of and outpaces any other project in the space by a moonshot, get it? The moonbud community is also proud to have grown to nearly 2,000 holders in this timeframe, while placing moonbuds total value at nearly 5M. + +&amp;#x200B; + +Moonbud plans on having multiple developers around the world, (UK, US and more,) be publicly revealed for a charity drive video at animal shelters of the communities choice, at this rate the team is stoked to announce to be shooting for a $1,000,000 USD donation, which is easily attainable if they've already raised $150,000 in a day. From what I've seen the team is extremely business oriented and plans on launching a professional grade site next week and rampant guerilla marketing, while sitting at such a low mcap and raising so much money moonbud seems like the only memecoin that a real steal. + +They're are some huge names behind this and if they do what they promise, this is going to have a safemoon like run, or other projects or going to aim to have a moonbud like run. a $1B market cap due to millions in donations and more is easily attainable. + +I'm stoked to be a part of the moonbud community and have heavy bags that are ready to help animals around the world. + + + +Website(v2 next week): [https://www.moonbud.space/](https://www.moonbud.space/) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +Chart: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +Bscscan: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +&amp;#x200B; + +**PS:** A little birdie told me there's some HUGE names involved in their marketing, take this as you will. + +UPDATE: WEā€™VE NOW RAISED 400K USD for animals folks, that is nearly half a million dollars! + +UPDATE 2: WEā€™RE BREACHING 3,00 HOLDERS! +# [Youtube Link](https://youtu.be/YwD3ughlZYc) + +Nomi Prins is a geopolitical financial expert and investigative journalist who sheds light on the dark corners of the global economy. + +She quit her job on Wall St to become a journalist and a bit of a whistle-blower. She was a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, and worked as a strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. + +She became an investigative reporter to clarify the methods by which monetary systems (like the central banks/Federal reserve) are manipulated to serve the interests of an elite few at the expenditure of everybody else. + +[https://nomiprins.com/](https://nomiprins.com/) + +[https://twitter.com/nomiprins](https://twitter.com/nomiprins) + +As with all of our guests, she was really impressed by the community's questions, so thank you to anyone who left a well thought-out question on the question thread. +Literally anyone can make 20-30% in a bull market. You are not the chosen one if youā€™re up on your initial investment, and you shouldnā€™t invest more than you can afford to lose just because youā€™re making money when everyone else does too. + +Those who beat the market every day with smart trading are in the minority. Please check your portfolioā€™s performance and compare it to the market average. Are you still a genius? + +Many of us have fallen for this in 2017, buying and selling shitcoins on a daily basis, being eaten up by fees, but we were still up at the end of the day thanks to the bull run. But we wouldā€™ve made more money if we just hodled our coins and not traded at all. + +FOMO is hard to deal with, but you canā€™t ride every moonshot, and thatā€™s something youā€™ll have to accept in the long run. +As a young person i was poor, barely scraping by and this continued for many years. Looking at retiring at 65 in a few years. I have a bit of a nest egg, nothing like you guys have. +If anyone reads this sub and wonders if its a good idea, as a person who wishes like hell they'd been able to hear and follow the advice, I say you've got nothing but poverty to lose trying it! +I admire all of you. +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 want to hear peoples success stories. No place for tall poppy syndrome, let's learn from other peoples life experiences and take inspiration from their risk taking. +Hello Everyone! + +**Side note: first of all Happy April Fool's day everyone! While I hope everyone can celebrate that in their own lives outside of here, I ask that we keep all of that out of this post (along with the rest of the sub). Good vibes and cheery love is welcome and **encouraged** here, but please no pranks or jokes to mislead people. I hope to keep this with the space and energy as it would any other day or time. Thanks for understanding šŸ˜Š!** + +Hello all, I've been so happy for the good reception this has been getting every time, and all of the helping people in many different ways. I'm just so so happy for that. Now just like I always ask, is everyone holding up okay? Still lots of turbulence in the world right now, as well as in people's personal lives. It's okay to take a breather! In, out! Ahh! + +Yesterday after 3 tweets by you know who, a stock split dividend (or something of the sort lol) was announced! Seems like Ryan Cohen is done with the warning shots, and has started firing his cannonballs at the wooden ships of the hedge funds! DRS seems to remain a priority here for the sub. Good stuff. Pretty exciting stuff imo. This all comes from weeks of Ryan Cohen tweeting more directly about the short problem, and also a pretty successful earnings call. Only time will tell what's next. Will Ryan tweet today? Find out! + + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at things like official charity links and gofundmes. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and youre not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts šŸ˜„. + +Cheers everyone šŸ» + +Use your gut and ape help ape! WAGMI. And remember, shorts ARRRR fukt! šŸ“ā€ā˜ ļøšŸš©šŸ¦ +I am planning to buy health insurance cover for my parents (senior citizens). However, I have read and heard a lot about how insurance companies promise 100% coverage while buying the policy, but cheap out when people trying to claim it. I am aware of policies that explicitly mention sub-limits to some procedures in their policy wording, but I'm worried whether I will be denied claims even if I buy a policy that claims no such sub-limits ( coz India, right ?). So I wanted to learn : + +- How has the experience of claiming insurance has been for others ? + +- Do insurance providers hold on to their promises? I know insurance providers are regulated but I have no trust on Indian regulators. + +- Which insurance companies provide a good user experience? + +- What are the truths about Indian health insurance that I should be aware of? I want to have realistic expectations from my health policy. + +- Is it worth it ? Instead of paying hefty premium should I instead focus on building a emeegency corpus in a bank deposit. + +Additional question: +- How has the experience been through aggregator websites like Policy Bazaar, Insurance Dekho ? + +UPDATE: Thanks everyone for the replies! They were all super helpful. From what I can understand, for parents the safest option is to have a decent insurance and have an emergency corpus as well as the insurance cannot be relied on completely. +Recently RBI announced linking of RuPay credit card with UPI: [Link](https://economictimes.indiatimes.com/wealth/save/rbi-allows-upi-payments-via-rupay-credit-cards-how-you-can-make-upi-payments-via-credit-debit-cards/articleshow/92074152.cms). Many small retailers do not have PoS machines to accept credit card payments but they do accept UPI transactions. I think It would be better to do these transactions through UPI via credit cards since we can earn some rewards on that. Since now only RuPay credit card allows this, is it sensible to apply for a RuPay credit card for UPI transactions? Hope Visa and Mastercard soon allow this as well. +Just looking for some good media. I noticed there is a bunch of stuff on YouTube but the quality is a little all over the place. + +Anyone know any regular posters that know what they are doing? Or podcasts with great guests? + +Topics include Quant finance and algorithmic trading +I am shamelessly karma mooching off of u/robbieimmutableā€™s post tonight to acknowledge what I see as the enormous importance of GameStopā€™s NFT partner choosing to drop exclusive info on our very own, dearest superstonk. + +First, itā€™s obviously super legitimizing for this community. + +Second, think about what this community is and who has posted here historically, and what that suggests about this new post. So far, to my knowledge, Dave Lauer and Dr. T have been perhaps the most public figures to contribute to this sub. They are both policy wonks and highly intelligent economic minds. Our other OGs are DD authors who focus intensely on market manipulation and evidence supporting MOASS, and a guy who put a banana in his butt. + +This is the community that Immutable, GameStopā€™s NFT partner, chose to address first. This to me suggests that the NFT team sees apes as an important contingent and factor in the upcoming launch. This is super exciting, and, if I dare dream, an indication that perhaps the NFT marketplace fits side-by-side with GME DD in ways we had only ever dreamed. + +Peace and love and NFT. LFG. +For those looking to get into becoming a Blockchain and CryptoCurrency Developer, I have put together a list of **Free** Courses to help you get started along your journey. + +[We can always use more Developers!](https://www.youtube.com/watch?v=1VgVJpVx9bc) + +The list of **Free** material consists of courses from Saylor Academy, IBM, The Linux Foundation, Cisco, Texas A&M, and others. All **Free** to take, and all offering some sort of **Free** Certification or Digital Badge upon completion. Not only are these great **Free** learning resources from known and reputable sources, but they also come with sharable proof that you learned them :) + +**Computer Science** + +* [CS101: Introduction to Computer Science I (Saylor Academy)](https://learn.saylor.org/course/view.php?id=6) +* [CS102: Introduction to Computer Science II (Saylor Academy)](https://learn.saylor.org/course/view.php?id=64) +* [CS105: Introduction to Python (Saylor Academy)](https://learn.saylor.org/course/view.php?id=439) +* [CS107: C++ Programming (Saylor Academy)](https://learn.saylor.org/course/view.php?id=65) +* [CS201: Elementary Data Structures (Saylor Academy)](https://learn.saylor.org/course/view.php?id=66) +* [CS202: Discrete Structures (Saylor Academy)](https://learn.saylor.org/course/view.php?id=67) +* [CS301: Computer Architecture (Saylor Academy)](https://learn.saylor.org/course/view.php?id=71) +* [CS302: Software Engineering (Saylor Academy)](https://learn.saylor.org/course/view.php?id=73) +* [AWR178](https://teex.org/class/AWR178) [Secure Software (Texas A&M](https://teex.org/class/AWR178)) +* [CS401: Operating Systems (Saylor Academy)](https://learn.saylor.org/course/view.php?id=94) +* [CS403: Introduction to Modern Database Systems (Saylor Academy)](https://learn.saylor.org/course/view.php?id=93) + +**Blockchain / CryptoCurrency** + +* [Bitcoin for Everybody (Saylor Academy)](https://learn.saylor.org/course/view.php?id=468) +* [Blockchain Essentials (IBM)](https://cognitiveclass.ai/courses/blockchain-course) +* [DFIN 511: Introduction to Digital Currencies (UNIC) **(Starts Dept 27th)**](https://www.unic.ac.cy/blockchain/free-mooc/) +* [Blockchain Foundation Developer (IBM)](https://cognitiveclass.ai/courses/ibm-blockchain-foundation-dev) +* [Build an IoT Blockchain Network for a Supply Chain (IBM)](https://cognitiveclass.ai/courses/blockchain-iot-node-red-food-network/) +* [Learn Solidity with Space Doggo (BitDegree)](https://www.bitdegree.org/course/learn-solidity-space-doggos) +* [Solidity Tutorial & Ethereum Blockchain Programming Course (Crypto Zombies)](https://cryptozombies.io/) + +**Open Source Development** + +* [Git Tutorial For Beginners: Git Tutorial for Beginners: Master Version Control (BitDegree)](https://www.bitdegree.org/course/git-tutorial-for-beginners) +* [A Beginnerā€™s Guide to Open Source Software Development (Linux Foundation)](https://training.linuxfoundation.org/training/beginners-guide-open-source-software-development/) +* [Absolute Guide: Linux Tutorial for Beginners (BitDegree)](https://www.bitdegree.org/course/linux-tutorial) +* [A Beginnerā€™s Guide to Linux Kernel Development (Linux Foundation)](https://training.linuxfoundation.org/training/a-beginners-guide-to-linux-kernel-development-lfd103/) +* [Open Source Licensing Basics for Software Developers (Linux Foundation)](https://training.linuxfoundation.org/training/open-source-licensing-basics-for-software-developers/) +* [Fundamentals of Professional Open Source Management (Linux Foundation)](https://training.linuxfoundation.org/training/fundamentals-of-professional-open-source-management/) + +**BONUS: Networking & CyberSecurity** + +* [AWR173](https://teex.org/class/AWR173) [Information Security Basics (Texas A&M)](https://teex.org/class/AWR173) +* [Networking Essentials (Cisco NetAcad)](https://www.netacad.com/courses/networking/networking-essentials) +* [Introduction to Packet Tracer (Cisco NetAcad)](https://www.netacad.com/courses/packet-tracer/introduction-packet-tracer) +* [CS402: Computer Communications and Networks (Saylor Academy)](https://learn.saylor.org/course/view.php?id=84) +* [Introduction to IoT (Cisco NetAcad)](https://www.netacad.com/courses/iot/introduction-iot) +* [Introduction to CyberSecurity (Cisco NetAcad)](https://www.netacad.com/courses/cybersecurity/introduction-cybersecurity) +* [AWR174](https://teex.org/class/AWR174) [Cyber Ethics (Texas A&M)](https://teex.org/class/AWR174) +* [AWR175](https://teex.org/class/AWR175) [Information Security for Everyone (Texas A&M)](https://teex.org/class/AWR175) +* [AWR138](https://teex.org/class/AWR138) [Network Assurance (Texas A&M)](https://teex.org/class/AWR138) +* [AWR139](https://teex.org/class/AWR139) [Digital Forensics Basics (Texas A&M)](https://teex.org/class/AWR139) +* [CyberSecurity Essentials (Cisco NetAcad)](https://www.netacad.com/courses/cybersecurity/cybersecurity-essentials) +* [AWR168](https://teex.org/class/AWR168) [Cyber Law and White Collar Crime (Texas A&M)](https://teex.org/class/AWR168) +* [AWR169](https://teex.org/class/AWR169) [Cyber Incident Analysis and Response (Texas A&M)](https://teex.org/class/AWR169) +* [AWR176](https://teex.org/class/AWR176) [Disaster Recovery for Information Systems (Texas A&M)](https://teex.org/class/AWR176) +* [AWR177](https://teex.org/class/AWR177) [Information Risk Management (Texas A&M)](https://teex.org/class/AWR177) + +**2ND BONUS: Math** + +* [MA001: College Algebra (Saylor Academy)](https://learn.saylor.org/course/view.php?id=24) +* [MA005: Calculus I (Saylor Academy)](https://learn.saylor.org/course/view.php?id=25) +* [MA121: Introduction to Statistics (Saylor Academy)](https://learn.saylor.org/course/view.php?id=28) +* [Mathematical Optimization for Business Problems (IBM)](https://cognitiveclass.ai/courses/mathematical-optimization-for-business-problems) + +Please feel free to add additional resources in the comments. I will add them to the main post if they fit the criteria of being free and providing proof of completion. + +Happy learning friends :) + +\---------- + +**Edit:** By request, here is a more streamline curriculum from the courses above, if someone is starting from the very beginning and looking to learn as quickly as possible: + +* [Bitcoin for Everybody (Saylor Academy)](https://learn.saylor.org/course/view.php?id=468) +* [Blockchain Essentials (IBM)](https://cognitiveclass.ai/courses/blockchain-course) +* [CS101: Introduction to Computer Science I (Saylor Academy)](https://learn.saylor.org/course/view.php?id=6) +* [CS102: Introduction to Computer Science II (Saylor Academy)](https://learn.saylor.org/course/view.php?id=64) +* [CS201: Elementary Data Structures (Saylor Academy)](https://learn.saylor.org/course/view.php?id=66) +* [CS202: Discrete Structures (Saylor Academy)](https://learn.saylor.org/course/view.php?id=67) +* [CS302: Software Engineering (Saylor Academy)](https://learn.saylor.org/course/view.php?id=73) +* [AWR178](https://teex.org/class/AWR178) [Secure Software (Texas A&M](https://teex.org/class/AWR178)) +* [Blockchain Foundation Developer (IBM)](https://cognitiveclass.ai/courses/ibm-blockchain-foundation-dev) +* [Learn Solidity with Space Doggo (BitDegree)](https://www.bitdegree.org/course/learn-solidity-space-doggos) +* [Solidity Tutorial & Ethereum Blockchain Programming Course (Crypto Zombies)](https://cryptozombies.io/) +* [Git Tutorial For Beginners: Git Tutorial for Beginners: Master Version Control (BitDegree)](https://www.bitdegree.org/course/git-tutorial-for-beginners) +* [A Beginnerā€™s Guide to Open Source Software Development (Linux Foundation)](https://training.linuxfoundation.org/training/beginners-guide-open-source-software-development/) +* [Absolute Guide: Linux Tutorial for Beginners (BitDegree)](https://www.bitdegree.org/course/linux-tutorial) +* [A Beginnerā€™s Guide to Linux Kernel Development (Linux Foundation)](https://training.linuxfoundation.org/training/a-beginners-guide-to-linux-kernel-development-lfd103/) +* [Open Source Licensing Basics for Software Developers (Linux Foundation)](https://training.linuxfoundation.org/training/open-source-licensing-basics-for-software-developers/) +* [Fundamentals of Professional Open Source Management (Linux Foundation)](https://training.linuxfoundation.org/training/fundamentals-of-professional-open-source-management/) +Iā€™m not sure if this is the right place to post..mods feel free to delete. + +Iā€™m 28 and my net worth worth is $800k. I work about 40 hours a week at my full time job and Iā€™m looking to start a side hustle. I want to live a balance life but also hit fatFIRE in 10 years ($10m - $15m). + +Am I wrong in not wanting to work 70-100 hour weeks? Will this hold me back or am I underestimating leverage? (People and processes) +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 (yesterdayā€™s figure 9.1%, in reality itā€™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? +Lately I have made some gains but they are so meager compared to what I have done in the past that they barely balance out the bad days (today in particular, things have gone south more so than usual). I suppose what I am wondering is if this is just my subjective opinion and I'm crazy and deluded or is this noticed by other people? + +Edit: Thanks for the awards! +More and more I [24m] am getting into personal finance/ wealth management/ economics. Fairly new to this whole world but becoming more interested as I go. +All that to say any book(or other resources like podcasts, videos, etc) recommendations on these topics? +Iā€™m not looking for ā€œget rich quicklyā€ nonsense but more about learning the basics and getting the right mindset for financial planning and money management. +Thanks in advance! +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! + +Reference price: $2,509.37 + +[Data will be sourced from CoinGecko](https://www.coingecko.com/en/coins/ethereum) + +**FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart** + +Winning results will be based on the price **at 12 pm PDT on May 3rd.** Results of the prediction will be revealed **between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.** + +[View Poll](https://www.reddit.com/poll/mz2wfk) +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 run a business that receives US dollars via PayPal. To avoid the currency conversion rate which is horrendous, I started using Transferwise which means my funds could be transferred to a US-based bank account. However today I discovered that PayPal has now decided to tack on a 3% standard bank transfer fee. They're forcing you to either convert with their shitty rate to AUD or cop this new "fee" to avoid the conversion process. How is this even allowed? Essentially they are double dipping because you already pay fees when you receive the money! +If youā€™ve been hanging around DeFi for more than a day, then Iā€™m sure youā€™ve come across an incubator or launchpad by now, potentially with your favorite influencer's blessing, reminding you how theyā€™re the safest ways to make, dare I say itā€¦ + +*Passive income*. + +But the promise of the wild success of having presale allocations is often quickly muted by the reality of being but a stacklet in a sea of stacks. Throwing the $10k or whatever I need to get the allocations is great, but then where am I gonna find the money for the presales themselves? + +And what if this launchpad goes bunk, or gets ā€œhackedā€ like a certain rebounding organization in PAID, which, after crashing to .15 cents following the disappearance of $3M, and then hit an ATH of over $5 the other day registering over a $300M market cap? Can I really risk all of my money on a potential rollercoaster like that? + +Nodeseeds offers a simple and fair way to get a piece of these presale allocations without having to worry about holding enough tokens to have skin in the game. By pooling all of our funds together, **Nodeseeds provides the capital we need to have access and buy into presales and seed rounds**, which are, by back of the envelope math, more likely to moon than not, distributing profits to all holders of the token proportionally. + +**So as far as profits go, no tiers, no classes.** This is your chance to be a part of a hedge fund that has access to the buying pools that us unwashed are otherwise barred from. With an **experienced and public team** that used principled decision making to build the funds needed to properly launch this **$9M market cap project**, you can trust that they will only invest in the presales that invite the most confidence, as well as find strong exit points. + +This is done all while respecting the vision of the projects they are buying into and leaving moonbags for all investors to potentially earn massive gains from. In other words, just by owning $NDS, youā€™ll start accumulating little pieces of a ton of different assets thus diversifying your exposure as this bull market turns all sorts of uncut gems into flawless diamonds. + +Dividends are provided to holders through their profit distribution, by which **15% of profits goes directly into NDS.** After that, **40% are used for buybacks and burns** creating a greater foundation of liquidity. Finally, **the remaining 45% is rerolled into funding the next investments**, creating a snowball effect in which each subsequent decision will have a greater impact on the holdings at large. + +And, if youā€™re curious about how the sausage gets made in deciding on the next investments, you can collect 350 NDS and get access to a private group to see what the team is thinking. Itā€™s a nice touch for those who really believe in the mission while not compromising the gains of smaller holders, perhaps in fact giving more exposure to projects that Nodeseeds chooses to those who have a little more to invest. + +Given the ratio of success in presales, particularly during a bull market, this is going to be your best bet to be able to keep up with all the whales who can casually buy into ten different incubators. Nodeseeds is giving you a chance to band together with them and fight back, bringing DeFi back to being about decentralizing rather than consolidating buying power for the whales who get allocations. + +**With this type of funding, Nodeseeds has also taken the next natural step as a financial institution in providing private loans outside of these IDOs, acting as a venture capital fund.** To date, two investments have already been made, the second announced yesterday, presenting another avenue for smaller investors to get into a game thatā€™s typically reserved for only the elite in finance. + +This emphasis on accessibility is why Nodeseeds is quickly rising and seems poised to add another digit to its market cap shortly. After all, thereā€™s **no invasive KYC** to deal with in buying their token and you certainly wonā€™t have to offer your wallet address to a whitelist for prying eyes to see. Nope, all you have to do is buy the token and hold (or get liquidity for those tasty rewards as part of their mining program. + +As weā€™ve seen with the rising competition between ETH, DOT, BSC, and others, **accessibility drives adoption** and it might not be surprising to see NDS eventually eclipsing the more exclusive launchpads like Polkastarter ($200M)Ā  in value, no different than how WallStreetBets with its massive user base theoretically has more purchasing power than a lot of major hedge funds. + +So take a dip in now and see where theyā€™re going, or check them out later once theyā€™ve made a couple more hits. With the direction Iā€™ve seen so far, and this alt season is starting to shape up, Iā€™m sure itā€™ll be a good time to invest either way. + +[Website](https://nodeseeds.com/) + +[Medium](https://nodeseeds.medium.com/) + +[Uniswap](https://app.uniswap.org/#/swap?inputCurrency=0x747f564d258612ec5c4e24742c5fd4110bcbe46b) + +[Telegram](https://t.me/nodeseeds) +Hey, i'm a 19 years old teenager from a north African developing country (Algeria). I own around 5000ā‚¬ in cash (it's worth a lot here when you convert it to the local currency), i want to protect it from inflation or do something with it. + +Can i get some advice on how to achieve this considering that: + +\- Though it's probably not even enough, I can't spend it on any stocks or crypto since it's not encouraged or supported here. + +\- I'm wondering if i can buy something physical that increases in value by time (like gold maybe). + +\- If i decide to use it now and start something with it what would you recommend? (low risk ideally). + +\- I prefer to not spend it on any courses. + +\- For spending it on myself or self development i already tried for most things but feel free to suggest something. + +PS: Since 5000$ is worth a lot here and it's a developing country, it's more subject to inflation especially in the current world economic situation. + +Algeria is not as bad as you think when i say Africa (it has the highest HDI in the continent if you exclude islands). It's not in risk of any war or food crisis. 5000ā‚¬ is far from enough to buy land here (i also live in the capital), and the currency isn't that cheap. + +Speaking about leaving, i'm still a college student and even if i want to leave as a student i still have to wait a year or two (which is enough to affect the money's worth especially in this current economic situation). I would like to leave since i'm limited here so in case i do, i want to protect this money until the time when i leave comes. + +Thanks in advance. +This came from an IIF event yesterday where he also said, "Our clients are adults, they disagree, that's what makes markets. If they want to have access to buy or sell bitcoin, we can't custody it, but we can give them legitimate, as clean as possible access." + +He also called Bitcoin worthless and has previously said, "My own personal advice to people is: stay away from it. That does not mean the clients don't want it...I don't smoke marijuana but if you make it nationally legal, I'm not going to stop our people from banking it." This came after his clients have shown great interest in Bitcoin + +&#x200B; + +*You all read the algorithms?* + +Yes. + +&#x200B; + +https://preview.redd.it/13yf928wq1t71.jpg?width=947&format=pjpg&auto=webp&s=d32912165f8b5f9092f14c4a3f8c3727d5050c11 + +Its just 2 lines of code. + +**if (halvings >= 64)** + +**return 0;** + +&#x200B; + +*I've always been a skeptic of stuff like that* + +Stuff like what? reading? + +Anyone with basic math knowledge can verify it. If he can't do that simple math for himself he probably shouldn't be a CEO at an investment bank. + +This is one of the most ignorant statements I've ever read on crypto +Cheapest way to cash a $20,000 check and if I owe student loans how to make sure I get the funds myself to get on my feet first, and then getting into a payment plan? Can the DOE seize the money as the check is being cashed? What about the State Equalization Board if I owe some rediculous amount of tickets? NYC resident. I have so much bad debt and have been homeless so long I don't even know who is going to try and get the money first. I'm definitely not attempting to evade my bills, I'm simply hoping to use the settlement check to get an apartment, some clothes, pay for going back to school, get some treatment, find a job and advance my life, rather than use the first money I've had in a long long time to pay off a defaulted loan and a ton of penalties on unpaid warrants and court fines, jaywalking and vagrancy tickets, hospital bills, old tax debts I probably don't even know about. Can I sign the check over to a family member I trust? Can a professional service cash it for me and put it in some kind of trust? Basically, how can I use this check to fix my life rather than see it vanish immediately before my eyes. I'm scared to hand it to a teller. Can they seize the money right away? Can anyone even cash a check this big without me having an account? I don't have a bank account, a safe, nothing. What do I do? Thanks in advance for your kind advice reddit. + + +Edit: I know for a fact that I have at least 10k in student loans I never paid back, 120k in hospital bills, at least another 10k in city tickets, and probably 20k or more from back taxes from before I lost my job half a decade ago. +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! + +https://chainstoreage.com/amazons-bid-compete-uber-uk-approved + +> British regulatory authorities have reportedly cleared Amazonā€™s purchase of a minority stake in an online U.K. food delivery startup. +> +> According to CNBC, a $575 million Series G funding round in Deliveroo which Amazon initially led in May 2019 has received final approval from the U.K.ā€™s Competition and Markets Authority (CMA). The CMA halted the investment in July 2019 and initiated a formal investigation of potential competitive conflicts in December 2019. +> +> Amazon will receive a 16% stake in Deliveroo, which has raised $1.53 billion to date. A corporate spokesperson told CNBC Deliveroo will use the new infusion of cash to ā€œincrease choice and value for customers, support for restaurants, andā€¦offer more riders the flexible work they value as the company expands.ā€ +> +> Launched in 2013, Deliveroo competes in the U.K. with Uber Eats and other on-demand food delivery services. The company also operates in global markets including Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, Taiwan, United Arab Emirates, and Kuwait, as well as the U.K. +> +> In addition to providing on-demand online delivery for restaurants, Deliveroo offers services in certain markets such as delivery-only kitchens and consumer storefronts. In December 2019, it opened its first restaurant, in Hong Kong. +Hey everyone, + +I'm the majority shareholder of an online business which is as of this year doing around 30MM/year in revenue at around a 30% profit margin. I have not been involved in the day to day operations of the company for around 2-3 years now. The company is entirely debt-free and has never taken any outside investment. + +Traditionally, the company has grown around 30% year over year for the past 8 years or so. However, due to COVID-19, it grew around 100% in the last 9 months. Based on the last few months it looks like we have reached the stabilization point. It's hard to know how much growth the company might experience next year, but I would say at least 10% is reasonable and maintaining that same 30% we've previously seen is totally possible. + +I've got around 3.5MM in assets outside of the company at this point, not including the value of the other venture that I started when I stopped working at this one (probably worth another 1-2MM). So I guess if you looked at my entire net worth as a big portfolio, I have around 33MM total, of which around 85% is the value of this online business (assuming a market-rate multiple for valuing the business). + +Basically, I'm looking for advice on if we should consider doing something to take some chips off the table. On the one hand, the business has grown like a weed and it is putting off plenty of distributions (of which around 80% post-tax are just going into savings for us). There's not really anyplace else I'm going to be able to park 30MM and get 30%+ YoY growth. On the other hand, it seems pretty risky to have 85% of your entire net worth locked into one asset. And when I look at the amount of actual assets I have compared to my "on paper" net worth, it's pretty stark. + +Some things we've discussed doing: + +- ESOP. The company has around 50 full-time employees at this point, and I've been told it wouldn't be too difficult to execute an ESOP for say 30% of the company at around a 6.5x profits multiplier. One advantage to this is that it is tax-free as long as we do it properly. I like this approach because it rewards the employees to some degree long-term assuming the company continues to grow, and we also just have a trustee on the board as opposed to a PE board seat or something, which seems less onerous in terms of us continuing to run the company how we want. + +- Private Equity. We've had something like 10 PE firms reach out to us in the past year...I would call these leads "warm." I have been told to expect a 8-9x profits multiple from these types of firms. So after taxes it would be about the same amount of money as the ESOP in terms of what I actually keep. + +- Stock Only Sale to Publicly Traded Company. There is a major publicly traded company (10B+ market cap) that has a division that we already do business with, it is not out of the realm of possibility that they would be interested in acquiring us, especially if we are willing to do a stock-only sale. This has the potential to be by far the highest valuation. We don't really have anyone with expertise on how to actually accomplish this, though (whereas we have some great advisors who do have directly experience guiding previous companies through the other two options). Also with this option we would obviously be selling the whole company, not just a part of it. + +So, I guess I'm looking for anyone who has any prior experience with the above...any advice? Land mines to watch out for? Things you would do differently if you could do it over again? + +My current thinking is that it makes sense to sell around 30% of the company to the ESOP or PE, that way we can get at least some liquidity while still keeping plenty of skin in the game to see where this rocket ship is going. But open to ideas/suggestions from others on what they would do. On the one hand we're certainly not hurting for cash so I don't need to sell. On the other hand, if for some reason this whole thing blows up (who knows) it's a pretty big fall from 30MM net worth on paper down to 3.5MM in reality. +Since July, I've been selling 1 to 2 weeklies on Tesla, and it's been great. Even this week wasn't a total disaster. I'm not making a killing because I'm going for very low deltas; my monthly yield will range from 1% to 5%, with the average transaction being at 2%. + +I have some very strict risk management rules for my puts. Essentially, I put a stop buy to close order that expires at the same time as the put to buy it back at 50% loss. It's happened twice that I bought back a put at a loss since I started. + +The reason for that is while I would be be comfortable being assigned Tesla (at least 100 shares, definitely not 200), it would be on margin and I'd really rather not it happening. This is also why I'm very satisfied with such small returns, because I see it as a bonus to what my account normally generates. + +Essentially, looking for some other high conviction stocks that have weeklies with some decent level of volatility (nothing insane), so am open to suggestions. I'll of course do some proper DD, but would love to hear what you all typically wheel / sell puts on +This German thing is what proves it. And honestly, Iā€™m pretty fucking impressed that Wall St & MSM have been so in sync in presenting the fake numbers to us. Fake price. Fake float. Fake short interest. Fake borrowing fees. Fake institutional ownership. Fake proxy votes. Fake graphs. Fake shares. FAKE FUCKING SYSTEM. + +Do you realize the lengths they have gone through to keep this under wraps? + +I remember when ā€œnaked shortsā€ was some far fetched conspiracy theory.. bc illegal. Lol + +I remember telling a finance professional family member about dark pools and him looking at me like I just said the Earth is flat. Only for GG to come out a year later and not only prove dark pools are ā€œrealā€ but to say NINETY - FUCKING - FIVE PERCENT OF RETAIL ORDERS GO THROUGH THEM. + +Were the Brazilian puts a glitch? Of fucking course it wasnā€™t a glitch. It was a glimpse at the truth. + +Someone put an end to this goddamn Ponzi scheme. +I posted this over in the ETH sub but I was censored. Hours later it still doesn't show up when I search by "new", and the mods ignored my private message asking why. I think they are absolutely terrified of this possibility and that is the reason. This question has been posted before, but the last discussion about it was over a year ago and I think it needs to be taken more seriously, as no clear answer has ever been given and no conclusions have been reached. + +What would happen if someone uploaded illegal content to the ETH blockchain such as child pornography? Wouldn't every single ETH miner and individual with a copy of the ETH blockchain thus be committing a felony? Would this be an effective way for someone to destroy/criminalize Ethereum? + +I am under the impression that deleting things from the ETH blockchain would undermine its mission, has never been done, and is not currently possible without the majority of the miners agreeing to do so. How would the ETH community handle this, what would happen next? + +The ETH creator's only response to this is that it would be too expensive to upload image files (UNTRUE, see my edit below), but for someone who just wanted to harm the ETH project I'm sure they would be willing to pay any price. This is no excuse for not having a plan. Somebody somewhere is going to do this, it's just a matter of time. + + +The laws about this are extremely clear: "Undeveloped film, undeveloped videotape, and **electronically stored data that can be converted into a visual image of child pornography are also deemed illegal** visual depictions under federal law." + + +EDIT: Just did some quick math and it costs about $250 to store 45 KB on the ETH blockchain. This is way more than enough for a clear image or even several images. What the ETH creator said about doing this being prohibitively expensive is total bullshit. It's not a practical way to save your photos but there are countless black hats who just enjoy ruining things for everybody else, and $250 to throw a wrench in the ETH project would be a very small price for them. + +This image is 11.5 KB and would cost $65 to store on the ETH blockchain: https://i.pinimg.com/originals/0c/56/2b/0c562b3a3cbf007072b45d35532d7250.jpg + +When I was working for the Man, I always dreamed of owning a grand estate. To me, "making it" was living in a home like the movie producer in The Godfather, sans horse head. + +Now that I could swing something awesome, I have little interest. I live in a house under 2,000 sf, technically a barge so it's kinda cool, but when I see a mansion I envision always having a punch list of things that have broken and fixers to call. + +For those of you who live(d) large ... is the awesomeness worth the hassle? +I'm 17 and I got hired at walmart. I'll be making 11.50 and working 6 hours for 5 day and 8 hours on sunday. I have no idea how much money that is a month but I know its a good amount. I've been poor most of my life and I have learned my lesson from parents. Don't have kids before 30, don't do drugs(or sell em), and don't follow your spouse who has terrible financial advice, and don't get married. So in the mean time I have 13 years to prepare for building a family and retiring. Emphasize on that retiring part. +Itā€™s easy to see that this sub largely recommends XEQT as their index fund of choice. However, TD just released easy trade which allows for commission free trades of TD etfs. What are your opinions of the TD index funds (TPU, TPE, TTP) in comparison to vanguard? I know TD favours active management but these all seem like passive indexes. This also allows for you to control the percent of your portfolio in Canadian, US, and international equities based on macro trends. Thanks for any insight +Currently, the US is having stagnant wage growth but the theory is that the compensation has grown, which cannibalizes potential wage growth. Some have pointed to UK, a country with universal healthcare, and pointed to how they're having wage growth higher than we currently do, since employers do not have to cover it for their employees. + +Are we expected to see rapid acceleration in wage growth if employers are not burdened with healthcare costs anymore? +The goal would be to replace your income with rental property, and quit your current job. + +First step is to pay 370k In taxes ouch. Then Iā€™d start looking for deals on cash flowing properties, and start making 20% down payments and acquire as many cash flowing duplex, 4-plex and apartment buildings as I could. Iā€™d be tempted to payoff my house, but I think itā€™s smarter to just keep that cheap low int debt and buy up properties. Is better strategy? +[Original post](https://www.reddit.com/r/personalfinance/comments/6hrv3x/return_flight_cancelled_airline_only_offering_200/) + + +Just wanted to thank everyone here for all the information I got during my original post. I'm glad to say there was a happy ending! I let my bank know the situation, and even though I paid with a debit card, I ended up getting a full refund! I'm extremely happy that it all worked out. But in order to prevent this sort of problem in the future, I'm still looking at different credit cards that can help me in my travels. + + + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I politely suggested the bank was discriminating against me due to my disability & boy did they come to the party quick! + +I sent this email at 1am & less than 8hrs later we were sent new loan documents with every one of our requests met. + +Iā€™m not saying they agreed with me but it was either more hassle than it was worth orā€¦ + +Saved ourselves near $1000 a month in mortgage repayments (yes I know longer term means more interest but Iā€™m not expected to live that long & hubby will get a large life insurance payout when I die) + +NB: email text edited to remove identifiers. + +Hi, +I have just stumbled upon (REDACTED insert decorative name for a complaints team) whilst trying to research the banks policies regarding accessibility and discrimination. + +Whilst we have raised our issue with our current Home Lending Executive - who has amazing customer service skills and is very approachable - I feel your department may still be better suited to managing this given we came across the same issue last year at another branch. + +It is our view that current policies around lending terms are discriminatory against disabled persons as defined in the Disability Discrimination Act (1992) by providing goods & services on less favourable terms and conditions, & or in an unfair manner. + +Please bear in mind I make this statement broadly & without access to your lending criteria / guidelines, however I do note that the lack of transparency in this area and the absence of a discrimination policy being available to customers, combined with my own experience on multiple occasions across two seperate products & branches does seem to support my claim. + +Put briefly my main concerns are: +* The banks requirement for ā€˜Proof of adequate Life Insurance Policyā€™ +* The reduced maximum limit of years available to us under home loan products; and +* The absence of category / system recognition of my income type + +Our basic customer details for lending purposes are: + +(REDACTED husbands personal info though in his early 30ā€™s) +Full-time Employed Retail Management with current company for 7+ years on $95,000+ net +Centrelink Carers Allowance + +(REDACTED my personal info though in my mid 30ā€™s) +Officially Medically Retired from full-time employment in January 2019 and Classified as Totally & Permanently Disabled (TPD) for insurance and superannuation purposes. +Have been receiving Income Protection (IP) consistently as my wage source since late 2016 with the insured terms covering me until I am 60 years old due to meeting all TPD criteria. +In addition to this I have had my full super released, received a lump sum insurance payment for TPD, and still hold a unrestricted life insurance policy in addition to this. + +No other debt outside of our products with your bank. No children / dependents. 82% LVR + +It has been made clear to us in emails from your bank that: +* I was required to show proof of adequate life insurance for myself due to my cancer diagnosis +* A limit to the loan term available to us of a maximum 23 years has been applied due to my income only being guaranteed until Iā€™m 60 years old +* That in your systems there are no categories available to appropriately record my income source, with the closest options being either ā€˜Workers Compensationā€™ or ā€˜Disability Pensionā€™ - the later of which has been applied. + +I put to you a few thoughts to consider regarding these issues: +* Whilst I personally believe it is a responsible lending practise to ensure customers have appropriate life & TPD insurance to service their portion of a loanā€¦ is the bank applying this condition to customers in an equitable manner? +* If a loans maximum term is dependent on the length an applicants income is guaranteed for, then what is the definition of guaranteed income? Is this condition applicable to every customer or only only applied to certain income criteria or customer circumstances? Is this fair and equitable? +* Is the banks failure to recognise Income Protection as a source of income inherently discriminatory towards a vulnerable community? Does mis-applying the income category type as ā€˜Workers Compensationā€™ or ā€˜Disability Pensionā€™ disadvantage a customer by applying an inaccurate risk profile? + +In a direct comparison of customer service it seems my able-bodied healthy husband has more favourable terms and conditions and a greater product range available to him as an applicant than I do. The advantages of which in this instant though he is unfortunately unable to enjoy due to his association to me. + +I would love the opportunity to discuss these issues further. Please feel free to contact me via email or on my mobile (REDACTED) + +Thank you for your time & patience with the above. +Source: + +/r/ethereum/comments/6rk6xu/reduce_eth_issuance_before_proofofstake_issue_186/ + +**ethereum_alex** +> For anyone curious, a TL;DR for EIP186 is that we will probably see 3 ETH/block rewards at the first Metropolis fork. The difficulty bomb will be rolled back and, if Casper is still delayed when the new bomb sets in, we will likely see a similar rollback + reduced issuance. This has been an 8 month debate, but I think we finally have resolution that most people are happy about. Good work community! + +Also the vote looks conclusive: + +http://carbonvote.com/ + +I'm very interested to find out how you guys think the above proposal will affect the Ethereum market cap? Especially considering Metropolis is in 'final testing' and potentially just around the corner. My understanding is that there's currently 5 ETH per block issued as a reward to miners, so a reduction to 3 ETH is not insignificant and could affect the price...exciting times. +Wow. This is fucking mind blowing. A woman come on to talk about finances. She was talking about recent retail investors and reddit so she brought a analyst on. He talked about shorts and "that bullshit movie stock" Her name is Hillary Cramer. Odd. Cramer. And he basically went on to talk about what's happening with Gamestop and the others. He said "companies like GME have been labeled as meme stocks but they have grown beyond that. They aren't memes anymore." + +She continued to cut him off and talk about other "short squeezed" companys and kept saying it's all meme stocks. Even here the FUD is real. Keep fucking calling it a meme. I'll laugh to the bank with meme money...simulation confirmed + +Edit: wow. I cant believe this community. I brag to friends and people about how amazing yall are and they still fail to understand. This is a revolution. And guess what. It will not be televised. Love you all you fucking beautiful retards. +I've been at my job for a few years and have proven myself a very good and reliable employee. My direct boss is leaving to pursue other opportunities and has informed me I'll be taking over for him when he does. This is not a huge surprise in any regard - I was expecting him to leave sometime soon, and when he did there was little doubt I'd be taking over. I am quite adept at the work I'll be taking on. + +My questions is: there is a pretty substantial gap between my current salary and my boss's. Should I be pushing for his salary or something close to it? +Just got less than the bare minimum of groceries because I want some actual fresh produce in my bodyā€¦another surprise fee for renewing rental insurance went through the other day. + +This caused my account to go into overdraft which is stressful enough - cleared out the $100 I had finally built in my savings. And now because I canā€™t pay, my bank is charging an overdraft fee of almost $40šŸ¤£ where do you think the money is going to come from?! + +If I didnā€™t have the money to pay for those original fees, Iā€™m just getting charged again for not having money. I am so frustrated that I donā€™t even have a good quality of life and still canā€™t make ends meet. And I know itā€™s only going to get worse and more expensiveā€¦ + +TLDR; why do corporations charge us extra for literally not having money, why is existing so expensive when Iā€™m not even having fun?šŸ˜­ how do you cope with the guilt of doing small things to enjoy life/be healthy and feeling like thatā€™s the reason you canā€™t afford to exist? + +Rant over + +Edit: thank you for the wholesome award! This was my first time posting and this community is truly amazing with the amount of kind words, support, and advice Iā€™ve received. It really turned my day and mindset around - thank you allā¤ļø fingers crossed that things look up soon! Thanks to you all, Iā€™ll have quite a few resources to look into to help me in the meantimešŸ„¹ +This is a continuation from my r/Australia_ post [Chinese state media condemns reporting of mass purchases of baby milk on its navy visit, saying nothing else in Australia was worth buying](https://np.reddit.com/r/Australia_/comments/byt8nl/chinese_state_media_condemns_reporting_of_mass/). Since [the news article](https://www.theaustralian.com.au/nation/chinas-state-media-hits-back-at-medias-baby-milk-hysteria/news-story/f477895903f3a33b494fbf5acfd1f9ae) is behind a paywall, here's the text: + +>**Chinaā€™s state media hits back at mediaā€™s baby milk ā€˜hysteriaā€™** +> +>Chinese state media has dismissed ā€œexaggeratedā€ media reporting over its warship personnel bulk buying Australian baby formula before leaving Sydney, defending the purchase as legitimate and normal. +> +>According to a report on Sunday night in the Global Times, a state-run nationalistic tabloid, more than 50 tins of infant milk powder were bought on-board by ā€œsome sailors in needā€, citing an anonymous source, and it accused Australian media of ā€œhypingā€ and ā€œover-analysisā€ designed to mislead public, ā€œsimilar to the hype over the China threat theoryā€, suggested by another source. +> +>The response came after an exclusive picture taken by The Weekend Australian Ā­showed Peopleā€™s Liberation Army personnel loading dozens of boxes full of A2 platinum and Aptamil formula onto three Chinese warships on the eve of their departure for China. +> +>The incident has caught growing domestic and international media attention following the ships approved-but-controversial arrival on the eve of the 30th anniversary of the Tiananmen Square massacre. +> +>The Global Times article, published in English and in a longer Chinese version via its official social media WeChat account, noted it was not the first time that Australian media ā€œoverreactedā€ to Chinese sailors buying baby food, referring to another media report in 2016. +> +>The Chinese version ridiculed the story in its headline ā€œWhy hype it? When Chinese navy visit Australia, what else is worth buying besides this little bit of milk powder?ā€ +> +>It insisted that all purchases made by Chinese warship personnel ā€œstrictly abidedā€ by relevant laws, including ā€œlocal purchase limitsā€, and the purchase was ā€œfor non-commercial purposesā€ and required inspection. +> +>A former Chinese navy staffer told the paper that given the short duration of the visit, personnel were only able to buy products with an excellent reputation, and ā€œitā€™s more for baby formula in Australiaā€; another said that for crews who had been away from families for a long time, it was ā€œnaturalā€ to buy local specialties as gifts. +> +>In the picture taken by The Weekend Australian, Chinese army officers were seen with boxes of ā€œinstant whiteā€ facial masks; Australian cosmetics are one of the most popular products for Chinese consumers. +> +>The reports have stirred discussion among Chinese Australians, with many complaining about Australian media for making a fuss about the visiting ships, while others recalled a lethal baby formula scandal in China in 2008, when six babies died from kidney damage and an estimated 54,000 babies were hospitalised. +> +>The national tragedy was widely seen as sparking a trend of middle-class Chinese parents turning to imported infant milk products due to its safer, cleaner and better quality, particularly products from Australia and New Zealand. + +When one thinks about this in terms of [Supply and demand](https://en.wikipedia.org/wiki/Supply_and_demand), it is obvious that **there is demand** for high-quality [baby milk formula](https://en.wikipedia.org/wiki/Infant_formula) in China, and that Chinese people (or at least the middle and upper classes) **are willing to pay a premium** price for high-quality baby milk formula baby milk formula brought over from Australia by any means possible. + +* So why doesn't any entrepreneur in China make high-quality baby milk formula and sell it for a premium price? There's obviously a market there, and it might be cheaper than getting Chinese nationals to travel to Australia and fill their luggage with milk formula for the trip back home. +* Meanwhile, Australian baby milk formula producers are laughing all the way to the bank. They can just exploit this phenomenon and crank up production, for as long as there is no high-quality baby milk formula being made in China. + +This also has a personal connection to me. My aunt rents out one of the rooms of her house, and she can always find someone to rent it out to, because there are so many Chinese nationals travelling to Australia to buy milk powder. They are willing to live in suburbia because supermarkets in the inner city often run out of baby milk formula because the demand from Chinese shoppers is so high. +Because I decided long ago how much Iā€™d invest in crypto as a part of my budget. And Iā€™m sticking to my guns, not overreaching. + +As we hit green again, and perhaps new ATHs, it will be even more tempting to dig deeper than planned. If this tech is as good as we think it is, youā€™re likely well positioned as it is. + +Now, time to celebrate another kind of green!! +Hi! My yearly contribution to EPF is above 1.5 lakhs. So, I cannot claim tax deduction under 80C. +I see a lot of people here invest in PPF. My question is why do people do it? As far as I know it is not liquid and gives slightly better returns than FD (FD is 7 and PPF is 7.1 right now). Also, should I invest in it if my EPF contribution exceeds 80C? +A lot of the stuff shilled on here mostly seem to dead shitcoins with anonymous development teams, with the selling only selling point being that itā€™s new, or has a low market cap. I want to find hidden gems that have genuinely great fundamentals; proper development teams, real-life partnerships, a solid roadmap, real-world adoption, etc. I recently dumped a decent amount of $ into TRAC at 17 cents because of how great the fundamentals were looking and Iā€™m very bullish on it coming to $3-5 this year. However Iā€™d like another backup coin to invest in, to maximize my potential gains. What are some genuine ā€œhidden gemsā€ in alts right now? Please donā€™t just say a token name; explain why you believe the price will moon this year. Ideally, projects below 100m market cap. Iā€™m somewhat interested in LTO but itā€™s difficult to find a simple explanation of why itā€™s actually useful or will be adopted, and the 2021 roadmap doesnā€™t look particularly exciting to me right now. + + + +Edit: Fairly obvious right now, but for anyone reading in the future, thereā€™s a lot of upvote manipulation going on in the comment section. Lot of new comments randomly rising to the top with 20 upvotes. DYOR +Hi guys, + +After a bit of research and browsing this forum, I've been looking at investing into this split - + +VTI - 35% +ARKK - 20% +VXUS - 20% +ICLN - 15% +QQQJ - 10% + + +I chose this as it covers the basics with VTI and VXUS, spreading over both US and international market. Then ARKK, well because....and then a different sector which is ICLN into green energy. And QQQJ for good measure. + +I'll be investing initially Ā£16,000, and then monthly deposits. + +My end goal would be generating enough cash so that I could retire early. +How do I make my estate, will, access to my bank accounts, and transfer of real property easy for them? I have heard a lot of nightmare stories about this and I donā€™t want to have that happen to them. +I want to be able to celebrate this milestone, but it seems taboo to say this to friends. Instead, I want to share lessons learned from hitting this financial goal. I am 21, graduated with my B.A. in History in May 2020, and started WFH in July. My salary is $70K. I interned and won fellowship money while in college. + +401K - 22K | Roth IRA - 22K | Emergency Fund - 2.5K | Checking - 1.5K | Taxable Brokerage - 41.5K | 529 (for my future kids) - 10.5K + +My two biggest takeaways from reaching this financial goal are below. These are generalizations, but I attribute most of my ability to reach 100K at a relatively young age to them: + +1. Scholarships over Prestige. + +I took a full ride at an ehh school over a much more prestigious school. I begged my parents to shell out $70K/year for an Ivy, but they refused and told me I would thank them later. I definitely donā€™t think I *loved* my college experience, but it gave me a degree and a job opportunity and I enjoyed a lot of it very much, so I consider it a win. + +2. Living at home over Paying rent. + +My parents have graciously allowed me to live with them and I am extremely thankful. We have a good relationship and I pay for household goods in exchange for being able to stay here. Independence is important, setting boundaries is important, but ultimately choosing to WFH in my parentsā€™ house has allowed me the opportunity to save so much money. My emergency fund will definitely need some improvement once I start living by myself. +When GME hits $5,000 you have the satisfaction of knowing that this is going to go to the millions. + +How do you know? + +Because you, and the rest of the apes youā€™ve spent the last 5 months talking to, know that this is bigger than all of you combined. + +Yes, itā€™s life changing money... but this is also a FUCK YOU to Wall Street. + +Theyā€™ve fucked us for far too long and played games with our money, expecting us to bail them out yet AGAIN for gambling away peopleā€™s pensions, 401kā€™s and now the US fucking dollar. + +They are too greedy for their own good. + +So what do we do? Hold for life changing money? no. + +We hold until they lose everything. +Until they lose so fucking hard that itā€™s a message heard all around the world. Weā€™re going to hold until every ape has the net worth of every billionaire and millionaire in the world, and then weā€™re going to use that money to make the world a better place by making sure you never get to do this shit again. Weā€™ll take it all. + +Do not fuck with my family ever again. +[https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/](https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/) + +I read the report and I'm little confused. Can someone ELI5 ? + +So we have offshore blindspot debt of 80 trillion in central bank of all central banks of the world. How will it come back to bite US economy? Will it be like if a credit union outside of US goes bankrupt and that affecting US financial institutions? + +Thanks for the answers. +&#x200B; + +https://preview.redd.it/pce4xxggr9h71.png?width=1200&format=png&auto=webp&s=11344132bca3ca76f3da48efa5f0bb4dbc1bfa5f + +When I got into investing I remember listening to Charlie Munger, I believe at one of the Berkshire shareholder meetings, recounting some of his time in the military during World War II. He served as a meteorologist for the air force at the time, of which one of the main jobs was to schedule the take-offs and landing times for the bombers on various missions. + +Both the science of planes and of meteorology were quite basic at the timeā€”neither of them reliable. As a result, an awful lot of men died; not because of being shot down over enemy territory, but because they had to land in dangerous conditions. + +Mr. Munger found it difficult at first to decide on the best time for scheduling these crucial windows of time where it would be safe for the crews. In the process of trying to figure out the problem, he realised that it may actually be easier to turn the question in its head. Rather then ask, when is the best time for landing, it may be more meaningful to ask, when is the worst time? + +&#x200B; + +https://preview.redd.it/3s138ddhr9h71.png?width=1200&format=png&auto=webp&s=2f37177d47de9b39bdac78c254bc0d7fad6e3b29 + +His story was meaningful in relation to investing in the way it helped him form his way of thinking later on the process of picking stocks. Sometimes it isnā€™t about thinking about what could go right, but about what could go wrong. + +# Diworsification + +Itā€™s perhaps ironic that I lead in a post about diversification using one of the most famous investors ostensibly against it. Afterall, it was Mr. Munger and his colleague Mr. Buffett whom have warned against the dangers of ā€œdiworsification.ā€ + +&#x200B; + +https://preview.redd.it/pr08jn3ir9h71.png?width=1200&format=png&auto=webp&s=bda4955cb4a309041926ba1d735fbc384c00e017 + +But were the two billionaires really advocating for an All-In approach to investing? I think I may say with some confidence that the answer is ā€˜no.ā€™ Indeed, Berkshire has about 40 equity positions, which doesnā€™t take into account the nearly 70 subsidiary companies that they own outright. One might claim that this is a function of how large Berkshire has become, and that has some merit. However, this has long been the case, going back through their history even when the companyā€™s holdings were much smaller. + +Itā€™s a bit like the now clichĆ© quote from Buffett, ā€œBe fearful when others are greedy, and be greedy when others are fearful.ā€ As a general rule, this is a good strategy, sure. But does that mean one should have bought AGL at $15? What about at $10? Should one buy it now that it is $7? Thereā€™s certainly a lot of fearful people out there about that companyā€™s prospects. But I think perhaps there is a bit more to it than that. + +What is true about the Berkshire approach over the decades is that they have had concentrated equity positions. This means that half of their portfolio might be represented by only half a dozen stocks at any one point. Certainly, their history would prove them as leading advocates of the idea that one should capitalise on big opportunities when they come. But to go all-in on any single trade would seem to me to be an oversimplification of the strategy. + +# Risk + +For one the risk involved in going all-in is extremely high. Indeed, one is risking everything, quite literally, on one bet and one call. Those that play poker can have an appreciation for the fact that one can make the right call, but still lose. There is always that element of chaos that might play the spoiler. Some level of chance that ruins the trade. + +&#x200B; + +https://preview.redd.it/u45nt17mr9h71.png?width=1200&format=png&auto=webp&s=d529caaff184ee5d66348d750768ad0eac48b0c2 + +As such, one could see prediction in investing as playing a game of percentages. When you get it wrong, or perhaps more painfully, when you get it right but chaos intervenes, it hurts. How much it hurts depends on how much risk oneā€™s allocated to that single bet. + +&#x200B; + +https://preview.redd.it/8ytvqx5nr9h71.png?width=1000&format=png&auto=webp&s=cf910e553cb0bbbe85043b156e08afd53394e2b5 + +The trouble with stocks is that the risk/opportunity is lopsided in favour of risk. In other words, the gains required to make up for a loss are magnified exponentially as the loss increases. If one loses 50% on a trade, it isnā€™t a 50% gain needed to recoup the loss, but a 100% gain. If one loses 90% on a trade, one requires a 900% gain to recoup it. + +&#x200B; + +https://preview.redd.it/t2y30yxnr9h71.png?width=1000&format=png&auto=webp&s=59e9efca1a272944bc005a4a0380c0590b79d8a5 + +Another way to think about this is in the number of trades that might be required to recoup a single 50% loss. As illustrated above, if one were to expect to make an average of 10% gains per trade, it would take 8 trades to break even on a single 50% loss. The time expense here is significant in the opportunity cost it may incur over a long period of investing. + +# Hedging + +For those familiar with classic roulette strategies, risking oneā€™s entire chip stack all on one spin is assuredly going to end badly. Sure, there is the odd chance that one wins and is suddenly rich, but the game devolves into that of a lotto, where the odds are no longer in the betterā€™s favour. Do enough of those types of bets, and one will always lose. + +&#x200B; + +https://preview.redd.it/nbp9xeppr9h71.png?width=1200&format=png&auto=webp&s=c930bf27903b6d5a6ce2a99daab1452fa5c12f4c + +Proven successful roulette strategies instead involve being mindful of risk in each bet. In some strategies that means splitting bets across several positions. In others, it comes down to bet allocation. But ultimately, the premise is the same. Spread the risk over the course of many bets and many rounds in order to come out ahead in the long term. The way that this translates to an investment strategy is through diversification. + +One can play this out in a simple model to see the benefits over time. Letā€™s assume an investor decides to invest 10k split equally amongst 10 different companies each trade. At the end of each trade period, the stocks are sold and then reallocated equally amongst 10 new positions. Letā€™s say that this investor is pretty good at picking stocks, but 1 out of every 10 trades, something goes wrong and they lose 50% on that trade. Otherwise, their average return on the other trades is 10%. + +&#x200B; + +https://preview.redd.it/ekoc7axqr9h71.png?width=1376&format=png&auto=webp&s=238b8eeed03360ac0ed640d576dba4faf59ff84a + +Over the course of 8 trading cycles, how much is the net worth of this investorā€™s portfolio? Indeed, despite consistently losing 50% on 1 of their 10 trades every single cycle, the investor will be up 37% on their original starting balance. Put this into contrast with 8 trades it took for our all-in YOLO strategy to recoup their losses. + +# Opportunity + +Its worthwhile to step back and ask oneself then: what is gained by the all-in approach? What is the advantage to it? In some sense, the accuracy of our all-in investor and the diversified investor was about the same. The All-In investor to recoup their loses with trades averaging 10%, it required basically that they call it right roughly 90% of the time, having been on the wrong end of only 1 trade out of 9. The time required is tangibly the only difference between that and calling it right for 9 of 10 stocks in a diversified portfolio. + +However, what of the claim that as a game of percentages, the All-In strategy works better for massive gains. Perhaps one is prepared to gamble the odds and take a lottery ticket over the compound interest of an ING super saver bank account? Fair enough. + +&#x200B; + +https://preview.redd.it/7lzmj37sr9h71.png?width=1000&format=png&auto=webp&s=7ce472d6b2a40e45984cfa7c649f6d27347ad993 + +Yet, if we allow for our hypothetical investor to have the ability to never get it wrong, splitting the trades makes no tangible change to the ultimate gains if all else is the same. + +# Timing + +There is the issue of timing, and this cuts both ways. If one were to be able to predict with great accuracy the time in which a stonk will rocket and place ones capital there just prior, one could make substantial gains quickly and then flip those gains into a new prospect soon after. The trouble is, it sounds good in theory and yet in practice tends to be difficult to truly predict. This isnā€™t even an issue of accuracy in picking the correct stonks and more of an issue of time and opportunity costs in deploying capital for a gain over a given period. + +Those who have had exposure to penny stocks can appreciate that many days go by with little or no movement in the price. Being there when it finally takes off can take a lot of patience. Thatā€™s if it rockets at all. Predicting when that rocket will lift off is part of the game, and one that is far from easy to doā€”perhaps impossible. Therefore, what happens if the investor misses the boat on another opportunity while their capital is tied up waiting for an opportunity that may not even eventuate? + +# Simultaneity + +Furthermore, it is often the case that there may be multiple opportunities presented in a market at one point in time. + +&#x200B; + +https://preview.redd.it/xx17gijtr9h71.png?width=1400&format=png&auto=webp&s=4032097aac8f27f50bf4a4e135e6aeb4243a3cc0 + +At the start of the year, would anyone have been able to predict which commodity would be doing the best right now? Between iron ore, uranium, oil, copper, rare earths, lumber, and coal, which should one have chosen to pick as *the* commodity to invest in? Many of them have hit all time highs since the start of the year. The timing of their peaks may have varied, but the time in which it was beneficial to invest was likely around about the same point in time. + +If an investor made the accurate call 6 months ago that commodities would perform well this year then what was the correct position to take? Should one take it as the wrong call to have been in iron ore companies now that the spot price is now only 1% up from where it was at the start of the year? Should those investors somehow have known in January that 6 months later lithium would be almost 100% up right now? + +&#x200B; + +https://preview.redd.it/g192ttpur9h71.png?width=1200&format=png&auto=webp&s=3b0c9e2cd9b18f59e441fdfb547eb735b90f2bb0 + +More importantly, could there be a meaningful argument to have preferenced lithium over rare earths? Perhaps an investment case to say that coal would be better than iron ore? Natural gas over oil? What about RIO over BHP? Or perhaps it is better to say that we cannot know in the future which commodity will best perform, only that commodities will perform well, and that itā€™s then prudent to develop a position in several at the lows in the market. + +# Relativity + +At the end of the day, I imagine anyone with a stake in some miner would be pleased. It would be truly a first world problem to be complaining about the gains made with BHP, even if the dividend doesnā€™t end up being quite as good as RIO. + +But this idea of relative performance extends further than just a single sector. More profoundly the idea can be seen across different sectors and industries over time. + +&#x200B; + +https://preview.redd.it/hkwpekrvr9h71.png?width=1500&format=png&auto=webp&s=47ceebf6751793e57e507912a3f4d392faf42498 + +Anyone who had invested in banks and retail in the middle of 2020 would have seen some substantial gains in their positions over the course of the last year. Strikingly, even more so than those who had invested in health care 52 weeks ago today. Who would have picked that in the middle of a pandemic, that health care would struggle to even match half the gains of the index in general? Much less gone in heavily on retail when widespread lockdowns were being imposed and preventing customers from going to the shops. + +But I think more interestingly, is the ability that diversification allows an investor to redeploy gains in one area into new opportunities in another; selling into strength and buying into weakness. Utilities for example were heavily impacted over the same period, losing 17.5%. I would expect as a result to see some reasonable valuations metrics amongst some of the companies in that sector. Perhaps there is an opportunity to gain some value from the circumstances? Only time will tell, but this is again where diversification can assist in maybe capturing some of that potential, without leaving one fully exposed to being on the wrong end of a bad call. + +# TL;DR + +&#x200B; + +https://preview.redd.it/x9qpgacwr9h71.png?width=1500&format=png&auto=webp&s=289ceac75e5de9b55839d67941d97fe125663880 +Hi There, + +&#x200B; + +Saw a similar post in r/financialindependence. + +&#x200B; + +So, from an Indian spending/investment point of view, what were the major mistakes that you made during your 20s-30s? + +In the hindsight, what you should have done differently instead? + +&#x200B; + +Thanks in advance. +Random thought, not a question as such but I'm keen to see if people have seen similar: + +Given my age I'm starting to see more and more people buy houses, which always come with the standard Instagram photo.. usually with the comment "first investment property!", "We bought a house"... "So proud of me" (you get the idea), which is usually met with a flurry of congratulatory comments. + +At the same time though, if one were to post a picture of their Sharesight portfolio with the caption "just hit $200K", people would probably say it's unsavoury or gloating. + +Why do you think this is? I'm fairly private on social media so I wouldn't share any details about any sort of investment, so I don't understand any of the oversharing, but it seems like one big double standard to me! +Sorry for such a simple question, still trying to financially educate myself. + +I have a lot of questions regarding my super and best options for me in my circumstances. Off the top of my head it seems like a financial planner would be the best option. I donā€™t really want to spend the money on a financial planner at this stage. + +My question is, will my super company (caresuper) have people who I can call and are qualified to give superannuation advise? Would this be a better option that a financial planner? +Over the past year I have posted on different strategies one can use while Day Trading, told my story on how I got started, wrote about the importance of mindset and went into detail about how to Day Trade for a living. + +Some of you have been cynical, refusing to believe that someone successful at this would be here helping others without either being a fraud or a shill. Once again, I can assure anyone reading this, that while I will always recommend something that has worked for me, I am not employed by, contracted out from, own or run, any service or resource. My suggestions are based on my personal experience and should be taken in that vein. And plenty of people on here have seen me trade by now to know I am not a fraud. + +While I have been Day Trading for five years and successful for the past three, there are many others that have done this longer and have been more successful than I have. I define success in Day Trading as being consistently profitable to the point where you can depend on it as income to support your daily life. + +However, during that journey I have made many mistakes, and looking back at my post history there is a glaring omission in discussing those errors. Mistakes are essential in the learning process - hopefully some of you can learn from mine before making them yourself: + +*All of these apply to Day Trading, read them in that context:* + +**1) Going on Tilt** \- Far and away my biggest mistake. I wouldn't just revenge trade, I would take it to the next level of abstraction. I was so bad with this that even those on the WSB sub would be like,"Damnnnn....this is NOT the way." I was incapable of getting up and walking away, I could not set limits on daily losses, and as a result bad days turned into catastrophically bad days. + +*You cannot trade if youā€™re not in the right mindset. If you find yourself breaking your own rules and trading emotionally, you need to get up and walk away.* + +**2) Trying to Anticipate -** I thought I had figured things out, but I hadn't figured out shit. + +"*SPY is due to retrace here", "AAPL is going to blow away earnings, going long!", "Bag Holders are going to take profit soon, going short!"* + +I did not want to "miss out", so I constantly tried to be early on trades. When I look back, if had just waited for a basic 3/8 EMA cross to confirm before entering, that alone would have had a huge positive impact on my results. What you are essentially doing is trying to anticipate what Institutions will do, not the stock, and Institutional traders have far more information than any us ever will. + +*When I stopped trying to predict Institutional moves, and started following them after they occurred, my success rate went up dramatically.* + +**3) It's Not A Loss Until I Close The Trade -** Whenever I was bag-holding, I would look at my account and see that one stock with the huge red loss next to it and this stubborn belief grabs hold - the one that says "you didn't lose that money until you closed the trade". That belief is total bullshit - yes, you did lose the money. It is like how I used to think whenever I went to Vegas - "It's not a loss until I cashed in my chips and left the casino." You need to ask yourself, is there no better use for that money right now? If you are still holding a stock because of technical reasons (i.e. I held **CARV** from two weeks ago as it never violated support) that is one thing - but holding a loser and thinking *that* stock has to be the one to make up for the loss is all mindset, not logic. Find a better trade. + +*Don't stick with bad trades just because you think it isn't a loss until you close them.* + +**4) Too. Many. Indicators.** \- My charts were an absolute mess in the beginning. I had indicators, and then indicators for the indicators, trend lines, moving averages, etc. Eventually I couldn't even see the actual price action because the chart was so cluttered. At some point I was using several monitors just to look at the same stock, and with enough indicators and timeframes you could justify almost any decision. It also took me awhile to learn that - indicators without confirmation is a losing proposition. When I cleaned up my charts and waited for moves to be confirmed I stopped trying to find data to support my bad decisions, and started letting the data lead me to the right decisions. + +*Keep it simple. Wait for confirmation and don't hesitate when you get it.* + +**5) If You Don't Get It, Don't Do It -** I remember in the beginning I saw some YouTube video and the guy in it was doing his weekly stock recommendations. He suggested doing the Wheel strategy on **FB** and I thought, well that sounds easy enough. So I looked up how to do it and executed the trade. **FB** went up and I collected the premium. That was my first time selling premium, and I immediately started looking for other trades like it - and of course for a time I was *all about The Wheel* \- I mean, did other people know about this surefire strategy?! At some point I did one on **AMD** and got assigned - no problem, all part of the strategy I thought, so I sold covered calls. Well this was late 2018, and **AMD** kept dropping, and dropping - the premium I was getting was not nearly enough to offset the constant drops in the stock. Finally, when **AMD** dropped below 20 I got frustrated (*see mistake #1 above*) and started selling calls close to ATM to get more premium. And what happened? **AMD** finally went up and up, and they got called away - it was a losing trade overall, by a lot. The first time I did a Bullish Put Spread it was on **COST,** it dropped below my long Put and I had no idea how to leg out. I lost money because I didn't truly understand what I was doing, and therefore I also did not understand how to get out of the trade. + +*Don't enter a trade unless you have a clear understanding of the mechanics of the your position and have a plan for exit.* + +**6) Stop-Loss, Stopped Out, Stop Doing It -** Most beginning traders are focused on Risk:Reward and so was I. If I put my target at 50 cents profit and my max loss at 25 cents, I am getting a 2:1 return, perfect - so all I need to do is win at least 1/3rd of the time and I will be in profit. The problem was that I *would* have reached my target 1/3rd of the time if I didn't keep getting stopped out. When you set a tight stop, you now have two ways to lose that trade: 1) Stock just doesn't hit the target and drops, and 2) Stock hits the target but first it drops down to your stop. + +I now use mental stops on all my trades, but I recognize that some traders prefer actual hard stops. However, you need to give the trade some room to breathe - yes by moving your stop-loss out further you are reducing your Risk:Reward ratio, but you are also increasing your Win Percentage. And every professional trader knows that in the end, Win Percentage is what matters (I know you can have a 95% win rate, but you can still lose it all on the 5% - however, if you have consistency in your trades this will not happen). + +At some point you will realize that a consistent win-rate is *the most important* thing - a repeatable, consistently winning strategy. Setting tight stop loss are a quick way to drastically reduce your likelihood of having a winning trade. Also (and I have a post dedicated to this entire topic) - stops should be based on the technical analysis and not your risk/reward ratio. + +*Don't give yourself more ways to lose by setting a tight stop on your trades.* + +**7) The First Two Hours Are NOT All That Matters -** I thought it would be great, I would learn this, work maybe 1 or 2 hours a day, and be done. Hell, the guys on YouTube do it, seems simple, and then I have the rest of my day to do whatever I want. Well, to start with, I actually enjoy trading. Unlike most jobs, I have no desire to cut the day short. More importantly I found out that this "rule" only applies if all you are doing is momentum trading. Some of my most profitable trades comes in the middle or towards the end of the trading day. This past Friday, I made my best trades on **SGOC** *after* the first two hours. Plus, I was able to make trades on stocks like **AMZN** (shorted it), because I was able to watch how it responded to the market throughout the day. I tend to avoid trading in the first thirty minutes now and use to the time to see how stocks perform relative to the market (SPY). + +*Great set-ups happen all throughout the day. Keep scanning, keep setting alerts.* + +**8) Patience -** I remember when **SNAP** was a new stock and very volatile. One day I started trading it and I believe it was around $14.50 at the beginning of the day (it gapped up by around $1). I jumped in, bought around 5,000 shares and it dropped down to $13.75, so I sold it for a loss, which stung - down around $3,750. About an hour later it started getting volume again and jumping back up, so I bought it again, same share size (I think it was under $14 when I bought it the second time), and it went up. Instead of scalping it, I was looking to get even, so I didn't take profit right away. Naturally, it dropped again, and this time I scratched the trade. I must have traded **SNAP** 5 times that day, and by the end of it I was down around $6,500 overall - but **SNAP** finished the day over $15. So I kept going long on a stock that finished the day up over 20% and I lost money! If I would have either 1) waited for the first pullback and just bought it around 13.75 and then held until end of day or 2) just stayed in my original trade, I would have made money. My constant impatience with the trade cost me. As a new trader I didn't have enough confidence in my trades, and yet I was trading with big positions. Basically, I was doing everything wrong - trading my P&L and not my charts, not having the patience or confidence in the trade, and not knowing when to stop. + +*Lack of confidence leads to lack of patience. Don't trade out of fear, trade the price action.* + +**9) FOMO -** Every new traders worst enemy. Whether you are seeing posts on social media, or people in a chat room talk about a ticker, we have all fallen victim to FOMO at some point. When you see someone say, "**PRPO** is going!" and then right after that, someone else says, "OMG **PRPO**! Who's in??" It is really hard to not jump into **PRPO**. In fact, our anxiety is so great that usually we are jumping in before even checking the charts or trying to find out what the catalyst was for the jump in price. Even worse is when we have to liquidate another position to free up the buying power to take the trade. The overall lesson I learned here is - never jump into a trade without having a good reason, and a good plan for exit. Anything that causes you to bypass rational thought and trade purely on emotion is not a winning strategy. + +*FOMO is not your friend. FOFU should be instead (Fear of Fucking Up).* + +**10) Discounted Experience -** There is an "X" factor in Day Trading that can't be taught in a book, or through a post or video. It can only be learned after doing thousands of trades yourself, and when I say trades, I mean *real* trades, not simulated ones. As a former academic, I thought that if I just read the material, followed the rules, I could be successful. Turns out that you do need to do all of that, you need to have a solid foundation of knowledge and you need to have a good strategy - but you also need experience. It is a small edge, that is barely discernible, but it is what will make an experience trader perhaps stay in for a minute longer, or exit a trade a moment sooner than you might expect. In every trade there are countless variables occurring - the current market conditions, the volume on the stock, the overall sector, areas of resistance and support, the pattern on the stock on that day and historically, the candlestick patterns, the trendlines - all of which paint a picture. Experience allows you to see that picture more clearly. What do this mean practically? It means that the thing I wish I knew the most when I started out was - trade small - meaningful, but small. You need to build that experience over time, and you don't want to risk too much while you do. + +*Experience matters, but it can be costly to learn, so start small and build over time.* + +Anyway, I hope these help you, I wish I knew them when I started out. And I know that reading them is one thing, and actually putting them into practice is another - but if you manage to not repeat all of these mistakes (like I did), you will be well ahead of the game. +I made three sections: Stocks between $10-$5, between $5-$1, and less than $1 + +The numbers in columns D,G, and J represent the number of ETFs that hold those stocks + +There are 8 cannabis ETFs in this spreadsheet, not sure if there are more (MJJ does not appear to exist anymore) + +[https://drive.google.com/file/d/1mplbUJKkIytJscji1NMcurf9tpFAmbHn/view?usp=sharing](https://drive.google.com/file/d/1mplbUJKkIytJscji1NMcurf9tpFAmbHn/view?usp=sharing) + +EDIT: I should warn you that most of these ETFs are not actively managed, so just because they hold these stocks, doesn't necessarily mean they're great buys. This should be used as a guide. There's a ton of cannabis stocks out there and most of them are doing really poorly. I did this to find the cheap ones that ETFs are actually invested in and then do my own research into them. For instance, I found out that VLNCF is held by 5 out of 8 cannabis ETFs. After doing research into it, I found that it's undervalued, one of the few cannabis companies to actually make profits even last year with the pandemic, it's currently expanding even though it's already Canada's largest producer of cannabis 2.0 products, it has great analyst ratings, and its assets vastly exceeds its short/long term liabilities. I ended up buying 695 shares @$1.45. I probably would not have delved so deep into my research of it if I didn't know it was held by so many ETFs. So yeah, this is meant to find the cannabis stocks worth taking a closer look at. Good luck **āœŒļø** + +Also, nothing here should be taken as investment advice lol +Iā€™m not working due to covid. Iā€™m doing freelance deliveries but itā€™s been dying down and I donā€™t get my money until Tuesday. +Iā€™m living check by check, I had been negative a couple of dollars in my bank account and had a credit card payment due. I am extremely anal about not missing a payment. I panicked but scavenged enough of my collected cash tips together to just barely get me out of negative and to pay the minimum due. Then a freaking reoccuring monthly fee I forgot about hit and drained my account back into the negatives and then I got slapped with an overdraft fee and I just woke up to -$70. +I donā€™t get any form of money until Tuesday. I think Iā€™m going to puke. All of my cards are essentially maxed out trying to get by, I just got accepted into my dream school but I have tuition deposit due in a few days thatā€™s a couple hundred dollars and then semester tuition due in a few weeks, plus textbooks, etc etc I just want to curl into a ball and scream and cry +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Something along the lines of Courtyard by Marriott or Springhill Suites. Each hotel is incorporated into a LLC and broken up into $50k units for individuals to invest. The management company takes their management fee, about 120k a year, and investors get a return on their cash. For the past 2 years, I've been getting at 8-12% return on my money. + +However, as a bonus, you get to be a Marriott Associate to take advantage of discounted rates. Certain nights is up to 50-80% off normal room rates. You can go to Marriott.com and type in MMP as the promo code and you can see the discounted rates that are offered. I stayed at the Westin Maldives for 99 USD a night, and recently they let associates take advantage of their loyalty program, so with platinum status, sometimes I get upgraded to a suite. You can also pass the associate rate discount to direct family (children, brothers, sister, mom, dad, mother in law, father in law, spouse). Food is also discounted up to 60% off. For an example, recently I stayed at Marriot Marquis in Bangkok which gave associates 60% off the daily breakfast buffet. Probably the best breakfast buffet I've ever had. If you travel a lot and take the discounts into consideration, I feel like buying into a Marriott franchise is well worth it. + +Before I had my associate rate, I usually go to hotels.com and try to spend less than 150 USD a night. But now, I've stayed at fancy tropical resorts (Maui, Bali, Maldives), JW Marriots, Ritz Carltons, W's, and St. Regis in multiple cities around the world. It's honestly been quite amazing. I mean sure, one could say that you could make a higher return on the 50k in the stock market, but it's nice being able to stay at 5 star hotels for a steal. + +~Edit~ + +I have emailed my contact already. He's the Director of Operations so may be slow to respond. Hang in there. I will give him a call if he doesn't reply to back to me. + +~Edit~ +Finally got back to me. On Vacation and will call me monday +Full Press Release: [https://www.wsj.com/articles/disney-proposal-to-restructure-on-mckinseys-advice-triggered-uproar-from-creative-executives-11669928586?utm\_source=reddit.com](https://www.wsj.com/articles/disney-proposal-to-restructure-on-mckinseys-advice-triggered-uproar-from-creative-executives-11669928586?utm_source=reddit.com) + +&#x200B; + +>LOS ANGELESā€”Walt Disney Co. was working with consulting firm McKinsey & Co. in recent months on an effort to centralize control of major spending decisions, triggering an uproar from top creative executives at the entertainment giant, according to people familiar with the matter. +> +>Discussions regarding the plan were under way in the weeks leading up to Nov. 20, when Disneyā€™s board of directors fired Bob Chapek as chief executive and replaced him with his predecessor, Robert Iger. +Tenant moved into a newly renovated home a few days after construction was done. A few issues popped up in the first six weeks and the tenant was pretty reasonable about it - as was I. Every issue was fixed within 48 hours. I felt badly so gave the tenant $200 off rent for two months as well. I wanted to stay on the right foot and just keep everyone happy, which was important to me. + +Now the tenant was reasonable about the real issues. However, she was also taking advantage of me. She lied about bed bugs (she was the first tenant ever - the house was torn down to the studs - it was also vacant for over a year before renovation - it was also vacant for a month after renovations) so I had three pest control people come out and they never found any. She tells me that she had a professional of her own come through and they found evidence of bed bugs. I called her professional and the guy was like ā€œuhhh sometimes they can be dormant in the wood. We didnā€™t really find anything. Maybe some droppings.ā€ So I just treated it to make her happy. + +Then she claims the house isnā€™t sealed properly and that bugs are getting in because of it. So she gets some energy efficiency company out and says they tell her that better seal the house in a few areas will prevent bugs getting in. Again, I call them - they say it wonā€™t but I did the work anyway because I didnā€™t want winter to come around and new issues to pop up. + +Sadly last week a sewage line collapsed, unrelated to the renovations we did. It was the last straw and the tenant requested to be let out of the lease early. I agreed. Everything was amicable. She said she could be out by the first - today is the second. + +Fast forward to move out/today. The house was pretty clean but there was some dirt in high traffic area. The terms of the lease say that we have 20 days to return security deposit (state law is actually 30 days). My property manager asks her for an address to send the check and the tenant says that I told her she can have the full amount today, which I didnā€™t. + +Now Iā€™m getting group texts from her sent to me and the property manager - sheā€™s threatening to sue. Says she that has me recorded saying she can have the full deposit (Iā€™m positive I didnā€™t). + +Does she have any actually recourse? Itā€™s on the lease that we have 20 days. I treated her more than fairly the last 3-4 months. Feeling very used right now. + + + + +Edit: she made unauthorized duplicate keys and this morning she came back in and is squatting on the house. + + +Edit 2: I went up there and met her face to face. She had fucking chains and padlocks on my front gates. + +I basically looked her in the eye and told her that Iā€™ve treated her with the ā€œupmost respectā€ (her words) and right now sheā€™s treating me like a piece of shit. I told her she has no leg to stand on, that she violated multiple parts of the lease agreement and lied to me throughout the 3 month stay and that I still just let shit slide. I told her that I am offering one last olive branch and once I step into my car whether she squats or we come to an agreement she can delete my number - if she didnā€™t agree to what I offered then I said that I was turning it over to the PM the moment my car door closed and ā€œyou know sheā€™s not going to fuck around and entertain this bullshit.ā€ I told her my only offer is 50% of her security deposit by tomorrow morning only if she is out by noon. She called her brother and put him on the phone - he was like ā€œI know sheā€™s crazy. Letā€™s end this. I accept. Put her on the phone.ā€ + +Tomorrow at noon hopefully it ends. +Just a quick venting post. Lost massively on $NIO this morning without a stop loss. I didn't follow my own rules and wiped 2 months gains in an hour. + +Reminder: Set stop losses and follow your own rules. + +My rule I didn't follow: Wait 30 minutes from opening bell to assess the day trend. I saw the 8% jump and thought it was going to be a bull day. Brutalized. + +&#x200B; + +Edit - Just wanted to say thank you to everyone for providing input. Really kind bunch of humans we have here. Back to growth next week. +[https://finsharing.com/posts/in-q1-2020-tesla-produced-almost-103-000-vehicles-and-delivered-approximately-88-400-vehicles-making-it-tesla-s-best-ever-first-quarter-performance-a5fca217](https://finsharing.com/posts/in-q1-2020-tesla-produced-almost-103-000-vehicles-and-delivered-approximately-88-400-vehicles-making-it-tesla-s-best-ever-first-quarter-performance-a5fca217) + +&#x200B; + +>In the first quarter, Tesla produced almost 103,000 vehicles and delivered approximately 88,400 vehicles. This is Tesla's best ever first quarter performance. +> +> +> +>Model Y production started in January and deliveries began in March, significantly ahead of schedule. Additionally, Tesla's Shanghai factory continued to achieve record levels of production, despite significant setbacks. +> +>Tesla's net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. The company's delivery count should be viewed as slightly conservative, as Tesla only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the companyā€™s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles. +Hello everyone, does anyone have any good recommendations for modern value investing books with strategies and things to look out for and analyze that are written simply in layman terms? (I'm looking for something written more recently, from about 2008 onwards so not classics such as Intelligent Investor from 1949). + +Thanks +* Zoom Video Communications, a $1 billion startup, filed for its much-anticipated IPO on Friday. +* Zoom Technologies, a completely unrelated company, saw its shares spike 1,100% in the aftermath. +* That company trades under the ticker symbol "Zoom," which likely led to some confusion by trigger-happy investors. +* Zoom Technologies appears to be a mostly-defunct telecommunications company that hasn't reported earnings since 2011, and trades as an over-the-counter stock. +* SOurce [https://www.businessinsider.com/zoom-ipo-otc-stock-flying-2019-3](https://www.businessinsider.com/zoom-ipo-otc-stock-flying-2019-3) +I need some suggestions for a reasonable splurge that will allow me to enjoy my income without derailing my plan to FatFIRE in the next 5-6 years. + +About me: 45 years old, working at a law firm in a MCOL city, net worth of $4M but finally starting to climb the comp ladder aggressively ($2M/year for at least 2021 and 2022, likely increasing a little for 2023/2024). Wife and I grew up in solidly blue-collar household and thus have always lived in fear of not having enough money. We live in a great house and don't have expensive tastes and have two kids in high school. + +I'm due to get a lump sum payment next week of nearly $1M net of taxes and don't plan on doing anything with it except pouring it into VTSAX and VTIAX. I work a lot, but nowhere near as much as lawyers in NYC or DC and we have hobbies that are relatively inexpensive and our kids activities are totally incompatible with having a second home. + +In short, I don't feel like my life would be materially different if I were only making $350k or so (we actually live like that because such a high % of my comp is deferred). Any ideas on how to take a chunk of this cash and do something that actually makes working my ass off feel worthwhile? + +PS - Please don't suggest travel -- we travel as much as we can given our limited availability and COVID has fucked 3 international vacations in the last 2 years. +https://finance.yahoo.com/news/google-sets-unprecedented-goal-tap-100519970.html + +OAKLAND, Calif. (Reuters) - Alphabet Inc's Google aims to power its data centers and offices 24-7 using solely carbon-free electricity by 2030, its chief executive told Reuters, building on its previous goal of matching its energy use with 100% renewable energy. + +Wind, solar and other renewable sources accounted for 61% of Google's global hourly electricity usage last year. The proportion varied by facility, with carbon-free sources fulfilling 96% of hourly power needs at Google's wind-swept Oklahoma data center compared with 3% at its gas-reliant Singapore operation. +**Hello all!** + +u/moeldevs posted compelling evidence to show hedge funds are paying people to post on reddit ā€“ [link](https://www.reddit.com/r/Superstonk/comments/pvbcdo/proof_hedge_funds_are_paying_shills_to_post_on/). So, naturally I went digging and found some interesting stuff. Buckle up! + +# **The Shill Post** + +- As u/moeldeys pointed out, this shill job posting is from a guy named *Doug Yauger* +- Doug Yauger is an Investment Advisor Representative with LPL Financial and a Registered Investment Advisor at [Sovereign Wealth Advisors website](https://sovereignwealthadvisors.com/our-team/doug-yauger/). +- In Sovereign Wealth Advisorsā€™s [CRS Form](https://reports.adviserinfo.sec.gov/crs/crs_188524.pdf), they state their ā€œadvisors are registered representatives of LPL Financial LLC (ā€œLPLā€), an SEC registered broker-dealer and investment adviser... who offer brokerage services through LPL or investment advisory services through Sovereign Wealth Advisors, LLC.ā€ +- So, LPL Financial LLC and Sovereign Wealth Advisors are one and the same. + +# **Who is LPL Financial LLC and what do they do?** + +- LPL Financial Holdings, Inc. [referred to as LPL Financial](https://en.wikipedia.org/wiki/LPL_Financial) is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory &amp;amp;amp; brokerage assets, and generated approximately $5.9 billion in annual revenue for the 2020 fiscal year. +- Hidden in their [financial disclosure section of their website](https://www.lpl.com/disclosures.html) lays their [SEC Disclosures](https://www.lpl.com/disclosures/sec-disclosures.html) +- This is where the good stuff is. +- In these documents, LPL Financial discloses their order flows, including their **Non-Directed Order Flow**! +- What is a **Non-Directed Order Flow** you ask? +- [Financial Dictionary](https://financial-dictionary.thefreedictionary.com/Non-Directed+Order) defines it as ā€œAn order to a broker to **buy or sell a security on the exchange of the brokerā€™s choice**. A client has the ability to tell the broker his/her preferred exchange for the execution of orders, which is called [Directed Order]( https://www.investopedia.com/terms/d/directedorder.asp). **A non-directed order, however, leaves this to the broker's discretion, with the assumption that the broker will offer or bid the exchange at the best price.ā€** +- So, who are LPL Financialā€™s brokers/venues? You guessed it, the dirty SHF ā€“ [link](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/rule-606-a-1-iv-disclosure.pdf) + - **Options Order flow:** Citadel Execution Services and Susquehanna Investment Group LLP + - **National Market System (NMS) Stock order flow:** Citadel Execution Services, FIS Global Vision Securities, GTS Securities LLC, G1 Execution Services LLC, Two Sigma Securities LLC, Virtu Americas LLC, UBS Securities LLC, FC Stone, Jane Street, Morgan Stanley, Mark J. Muller Equities. +- So, where do you think these non-directed orders are goingā€¦coughā€¦robbin da hoodā€¦cough dark poolā€¦ +- Thanks to DRS, weā€™re putting an end to this! +- But back to LPLā€™s dirty laundry...their data! + +# **LPL Financial LLC Order Flow Data** + +- LPL Financialā€™s Order flow data for [1st Qtr, 2021](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/lpl-financial-holdings-inc-q1-2021-606a1-held-compliance-report.pdf) and [2nd Qtr, 2021](https://www.lpl.com/content/dam/lpl-www/documents/disclosures/lpl-financial-holdings-inc-q2-2021-606a1-held-compliance-report.pdf) of 2021. +- Iā€™ve taken the liberty to convert this to an [excel file](http://www.filedropper.com/lpl_1) for your convenience (because ape help ape), but also taken a [screenshot](https://imgur.com/a/naR1AgZ) for you smooth brains out there. +- Helpful order flow definitions: + - Direct and Non-directed order flow ā€“ see above + - **Market order:** An order that will immediately be executed at the best available price. When you place a market order, youļæ½ļæ½re looking to get your order filled immediately + - **[Marketable Limit Orders:](https://ibkr.info/node/194)** Marketable orders are either market, buy, or sell limit orders whose limit price is at, above, or below the current market price, respectively. **Marketable orders remove liquidity from the market.** In theory, these orders are instantly executable as there is a buyer/seller whoā€™s willing to make a trade at the current trading price. + - **Non-marketable orders:** Non-marketable orders are buy and sell limit orders in which the limit price is below and above the current market price, respectively. **Non-marketable orders add liquidity to the market.** +- Citadel, Virtu, UBS and G1 Execution dominate the majority of LPLā€™s order flow for all the S&amp;amp;P 500, Non-S&amp;amp;P 500 and Option trades. +- LPLā€™s **S&amp;amp;P 500 Non-directed order flow data** + - Citadel was the #1 venue for every month except for June (#2 broker) + - Citadel averaged **33%** for all their non-directed S&amp;amp;P 500 trades! +- LPLā€™s **Non-S&amp;amp;P 500 trade order flow data** + - G1 Execution and Citadel were #1 and #2 for every month of this year + - Citadel averaged **44%** of all their non-directed Non-S&amp;amp;P 500 trades! +- LPLā€™s **Option trade order flow data** + - Citadel and Susquehanna are the only two brokers trading LPLā€™s options + - Citadel averaged **83%** of all their non-directed Options trades! + +# LPLā€™s order flow through Citadel visualized for all order types + +- [S&amp;amp;P 500 order flow](https://imgur.com/a/Fpvd3tI) +- [Non S&amp;amp;P 500 order flow](https://imgur.com/a/Gi5Wt8E) +- [Options order flow](https://imgur.com/a/ramkFGx) +- What I find most fascinating is the gap between MARKETABLE and NON-MARKETABLE limit orders during January! +- For January and February, 75% and 65% of LPLā€™s Non-S&amp;amp;P 500 marketable limit orders were by Citadel. +- While we donā€™t know the volume, we can infer that relative to the other venues, Citadel was the main bottle neck for these perfectly executable orders. I wonder if Citadel removing the buy button on robbin da hood had anything thing to do with thisā€¦ + +# **TLDR** + +- The people hiring people to shill on reddit are SHFs. One of these folks, Doug Yauger, works for Sovereign Wealth Advisors who routes all their orders through and LPL Financial LLC. LPL Financialā€™s SEC 606 Rule Report discloses only a few hedge funds manage their entire order flows for stocks and options. Among these is Citadel, which accounts on average 33%, 44% and 83% of all their S&amp;amp;P 500, Non-S&amp;amp;P 500, and Options trade order flows. So, **SHF r fuk.** +- Of note, during the month of January, the marketable limit orders (i.e. trades that could be immediately traded) were grotesquely high at 75% and 65% for January and February for Non-S&amp;amp;P 500 stocks. This may suggest market manipulation by slowing trades and/or re-directing trades to different exchanges (potentially dark pools). This needs to be confirmed however. + +Buy, Hodl, DRS! + +Edit #1 - Formatting. + +Edit #2 - [u/LogicalFaith](https://www.reddit.com/r/Superstonk/comments/pvsbyp/shfs_hiring_shills_on_reddit_are_in_bed_with_lpl/hed5ssa/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf&amp;amp;context=3) highlights that the focus should be on LPLs order flow through Citadel and not one individual brokerage representative. Doug Yauger was just the individual who led me to this data on Order Flow. The order flow is the worthwhile DD. +I am genuinely looking for advice here specifically because this is a forum where people have money to allocate to a problem. + +I have a brother who rapid fire has taken hit after hit. I'm talking business closures from covid, his wife died unexpectedly, business partner died slowly, theres multiple lawsuits as a result of these deaths that are business related I could go on for a page. None of it really matters for the purpose of this post. The result is that he is basically frozen. His mental state is so degraded that he can't do the basic things right now. He has a serious business, and plenty of money. This is gonna be gone soon if someone doesn't step up to the helm and do basic things like answer emails. Open mail. Talk to creditors. Just deal with shit. + +We gotta find someone. Someone to sit next to him and be like okay give me the context for this letter so I can call them and deal with it. It's personal and professional and no one who works for him currently is capable of doing this. I run my own day to day and some of my own distress is correlated to his.. Im not strong enough to step up and do this for him. The grief were both experiencing is too much. He needs a professional.. someone unaffected and well. Head screwed on straight that can be like I got this.. not on the verge of their own mental breakdown. So I google crisis management but it's all PR bs. + +Has anyone ever dealt with someone or service like this that can step in times of major distress and just deal with things? Not put people off til things get better but people skilled enough to get to resolutions. + +We have money. We can pay whatever it costs. I just don't know what to look for specifically. I don't want both of our businesses to go under bc I try to help him when I'm not in any condition to myself. + +I'm asking here bc people here are more likely to know services, firms or people who do this. Im hoping. +[https://www.cnbc.com/2020/02/11/boeing-posts-zero-new-airplane-orders-in-january.html](https://www.cnbc.com/2020/02/11/boeing-posts-zero-new-airplane-orders-in-january.html) + +From the article: "The lack of orders last month stands in contrast to its competitor Airbus, which logged orders for 274 commercial airplanes in January." +29 years old currently living in VHCOL California + +\- 600K investment portfolio (mostly index funds) + +\- 20K crypto + +\- 600k investment property + +\- 240K 401k/IRA + +\- 150K Cash + +\- 0 debt + +Working in tech in SF currently making 220K/year in base (+280k/year in paper RSUs = \~500K/year). + +Looking to buy a house within the near 1-2 years and have no idea whats a number that I am comfortable with 20% down. I do plan on working for at least the next 10 years. +Maybe I'm the only one who's put off by it, but why does it seem like every "successful" trader who's "made it" now has a $500 course to sell that has "all of the answers", or a $100 a month Discord for you to join? I suppose when you have a Discord with 500 members at $100 a month; you have "made it"... + +Is anyone else turned off by this, or are you happily paying these people? +**CRUCIAL UPDATE:** If my theory is correct, I will be renaming this "the theory of hank" + +**EDIT 1**: Looking similar to 1/13: low volume to start but no morning dip. Look to 10-11 for some action if we see any today. + +**EDIT 2:** ooooooo look, new format. Uncle Hank will now be updating on the top instead of the bottom. Is this new format confirmation that the squeeze is imminent? + +**EDIT 3:** Patiently waiting. Volume and price didn't pickup until a little after 10am on 1/13 and price didn't skyrocket until around 11am. So far, charts look pretty similar, nothing to tell us that it's incorrect yet. Obviously charts wont look identical, so we still need to be patient for a potential bounce. + +**EDIT 4:** Not going exactly as 1/13. Still have time tho. I've also been looking more into the FTD thing and it seems that 20-21 days after monthly expiry is when we see a jump, so tomorrow could still be in play as a jump day. + +**EDIT 5:** Not looking great. Still not giving up hope tho. Going to do more research on FTDs + +**FINAL EDIT**: Alright apes, I'm throwing in the towel. Doesn't look like my theory on early January price similarities was correct. However, I am physically unable to give up on feeding my confirmation bias. SO, I will be continuing to do research, mostly geared towards FTDs, and will report back with my findings. Quick note tho: yesterday at 5pm, Cohen tweeted a pic of TED 2, maybe we can decipher T+2 from that and pray for tomorrow or Friday but don't hold your breath. As always, stay strong, apes. + +**ONE LAST EDIT:** Apes, the more I think about it, the more important I think the FTD cycle is. Everyone talks about it but it also seems that no one fully understands it or how it affects us. Why am I saying this? I just realized that on 2/24 when we came back from the dead, the media said that was because of the announcement of the ousting of the CFO. Really???? A more than 100% jump in a few hours becuase of a CFO? When Cohen was announced as god of the board, the stock went down! I think that we really need to research this FTD cycle shit cuz I think it's deeper than any of us realize. Godspeed. + +&#x200B; + +WADDUP PRIMATES!!!!!!!!!!!!!!! Uncle Hank has returned. I am BACK and I am JACKED to the TITS. WOOOOOOOOOOOOOOOO. Yes, today is the day ~~everybody~~ I have been waiting for. No it's not moon day. Today is "HomeDepotHank69 theory come true or not day." Today, I woke up, plopped on the toilet, started blasting Lady Gaga and Megan Thee Stallion, wiped my ass with sandpaper, called the mailman to ensure he was still my wife's boyfriend, and ate the dog food that my wife's other boyfriend set out for me for breakfast today (I'm so lucky to have so many people who care about me). I will continue to make posts about this theory until I have evidence that it is incorrect (I will make a post indicating why it is wrong in that event) or when we are in tendietown. So no matter what, stay tuned for further posts in the coming days. I will also update this post and all future posts intraday. Without further adue, I present to you: Uncle Hank's GME theory day of reckoning. I am not a financial advisor and this is not financial advice. + +https://preview.redd.it/co7adgh5keu61.png?width=645&format=png&auto=webp&s=09b3539877176d0f17ebf4cbeab5043d39b7fe09 + +# Quick Summary of theory: + +**If you have been following my posts for the past few days and are already familiar with my theory, please skip to the part where I say that ur sexy as hell (you are). Also make sure to read "Hank digs deeper" to see some new information that an ape brought to my attention about FTDs which adds more credence to my theory.** + +My theory rests on extensive research that I've done about GMEs past price and volume in order to attempt to predict where GME could be going in the future. To understand this theory in full please see: + +1. [My first post](https://www.reddit.com/r/Superstonk/comments/mtf4e4/gme_magnum_opus_dd_past_present_future/) (this discusses the whole theory and has the most information) +2. [My post from Mond](https://www.reddit.com/r/Superstonk/comments/mu1esp/gme_magnum_opus_update_theory_confirmation_today/)ay (update of theory based on Monday price) +3. [My post from yesterday](https://www.reddit.com/r/Superstonk/comments/muoepo/gme_magnum_opus_theory_round_3/) (update based on yesterday's price) + +Again, if you do not read these, especially the first one, you will have absolutely no clue what I am talking about and you will be lost. To further emphasize, this is just my theory based on my research. Do not take this as fact. This could very well be a coincidence, and if I am wrong I will be sure to immediately update all of you. Make sure to do your own research and DD before making any investment decisions. + +Here is the most bare-bones general idea of my theory: Along with many other similarities between current and past time frames and volume (again see my previous posts), GME seems to be fractally repeating its price pattern. I attribute this to the shorts being in a nasty FTD cycle. Here is a chart comparing 12/28-1/8 and 4/5 - 4/16: + +https://preview.redd.it/bucdm0wdfcu61.png?width=1166&format=png&auto=webp&s=56c16140a88e86946e6459fcde6f3d8cf11b996f + +Based on this and many other past price similarities, I have deduced that GME is currently repeating its early January pattern regarding price and volume. This theory has held true based on yesterday's and the day before's price and volume (again, see previous posts). + +Here is the pattern in early January on a day view: + +https://preview.redd.it/dzzrpne3gcu61.png?width=2210&format=png&auto=webp&s=ed13f402790af6e8cbe9c74c9cd50aab28e499e1 + +Everything to the left of the red line has happened so far according to the theory. If the theory is correct, today we should see the giant green candle. Again, do not take this as fact! + +# Quick recap of Monday and Tuesday: + +If you've been following these posts, you already know that my theory has held true regarding the price action and volume of Monday and Tuesday. Again, because Tuesday was such a bland day, it doesn't confirm that the theory is correct, it simply doesn't confirm that it's incorrect. Here they are: **Monday:** + +https://preview.redd.it/b0pql3ojgcu61.png?width=2206&format=png&auto=webp&s=dac75bda372eb1ab6b905f686de9c02bd38fa6fb + +**1/11:** + +https://preview.redd.it/yw6r3t9mgcu61.png?width=2204&format=png&auto=webp&s=cea970dd7edbc481e0d94dbfe8164f8725f96363 + +**Yesterday:** + +https://preview.redd.it/i8xymui8ydu61.png?width=2018&format=png&auto=webp&s=c5c4cdfbdd398ecc683f1b2f75e7276f74de8380 + +**1/12:** + +https://preview.redd.it/w8hhmwjpgcu61.png?width=2212&format=png&auto=webp&s=0f72d37e26d4e921a921b02107e0fcdff9c44073 + +# + +# If you've already read my previous posts, start here (ur sexy as hell): + +&#x200B; + +https://preview.redd.it/i016ol54keu61.png?width=640&format=png&auto=webp&s=c7bd3b19a878229b310e8bcf7f4a75231c4477cd + +Alright, so here we are, the day of reckoning. As with any theory, if today is right, the theory is not confirmed. However, because of the sheer anomaly in price and volume that 1/13 was, if today has similar action as that day, it is a lot of confirmation that the theory may be true. As I have said before, correlations do not confirm theories, they simply don't not confirm them; however, a correlation in price and volume as much of an anomolly as 1/13 is would definitely add some serious credence. + +If the price action is not similar and the correlation is invalidated, I will make a post stating that, so no apes are left astray. So, tomorrow expect a post that is one of these two: + +https://preview.redd.it/tl0039k2hcu61.png?width=500&format=png&auto=webp&s=248a04e354c5be3012c2cf08c0e3176db32f92d4 + +https://preview.redd.it/jgwhzyv3hcu61.png?width=800&format=png&auto=webp&s=7b72dd11058eb64313cf54030b1e34aac1a369a6 + +**So, now for Today** + +The first picture is the price and volume of 1/13. The second picture is 1/13 in comparison to previous days (1/13 is immediately to the right of the red line): + +https://preview.redd.it/13c4vn9bhcu61.png?width=2214&format=png&auto=webp&s=7e3568c7b22f234ff6604f5c8941e1ff60a26947 + +https://preview.redd.it/21o8vdpghcu61.png?width=2210&format=png&auto=webp&s=dc2d058927623067bc0cb03dd682525de42a570d + +So, as you can see, today, for the theory to hold, there must be an enormous increase in both volume and price that holds, for the most part, throughout the day. Interestingly, on 1/13, there was no significant volume or price action during the premarket or directly at market open. The giant jump happened between 10-12ish in the morning. Most importantly, the price held throughout the rest of the day above VWAP and IV did not fall significantly. For the theory to be true, we should look to see a similar pattern. If the price goes up and volume goes up, I will not be convinced of this theory completely unless the increase in volume and price are monumental similar to 1/13 (i.e. a simply having a positive price and higher volume is not enough, we are looking for a huge jump in both). + +If today is similar to 1/13, then I am going to go into full tard mode with my next post because I think that today would provide confirmation that my theory could be correct. Thus, if today pans out as my theory says it should, then I will be making a GIANT DD about where GME could be going in the future based on my theory and adding some more juicy shit about FTDs below. However, if my theory does not pan out, I will be quick to let all you know. I also want to make it clear that if today comes true, IT IS NOT THE MOON, not even close. Today is simply a small step towards the moon. Today is HomeDepotHank69 theory come true or not day, not GME moon day. For context, here is 1/13 on a day scale compared to the first squeeze: + +https://preview.redd.it/ijq9zigkicu61.png?width=530&format=png&auto=webp&s=b90f03ca336761b96a6ef6bdcd212099df495ef4 + +Again, this is just a theory, do not take it as fact, and I will be sure to update this continually and say if I believe the theory has been disproven. If this does come true, however, I'd suggest buying vaseline or some form of lotion immediately because I will be buying the entire world's supply of it as I make my most extensive DD yet based on this theory. As always, I am not a financial advisor, and this is not financial advice. Stay strong, apes. **REMEMBER TO SEE "HANK DIGS DEEPER" BELOW.** + +**Random note from Hank:** + +As a holder whose calls have taken an absolute beating recently from sideways/down movement and IV crushes, I often find myself doubting if GME will go up again, as I'm sure many of you have. However, I always think about 3 things. First, DFV doubled down recently. Second, I didn't even think that the rise after the first squeeze was possible but it happened and since then GME has done WAYYYYYY more to justify a higher price. Third, all of the original apes who bought GME below $20 before the media storm and widespread reddit support held in the face of more FUD than we've ever experienced. THese sentiments keep my hands diamond. Godspeed, apes. + +# HANK DIGS DEEPER + +https://preview.redd.it/bax5cdz8ofu61.png?width=1024&format=png&auto=webp&s=ece25aedb793c70bef49a235aee8113bbe887fe4 + +**FTD Cycle adding to my theory** + +Apes, as I said yesterday, if this theory is correct (again don't take it as fact), then I will be making an autist level 4billion DD about my theory, where we are going, and some more goodies. But for now, here is some more information that I have gathered to backup my theory. + +In yesterday's post u/nuulss made an excellent comment where he mentioned that tomorrow was 21 days after the march monthly options expire (the March option prediction/theory is from pixel). In his comment, this user called it T+21, which got me thinking ALOT. A few weeks/months ago I read a god-tier DD about the FTD squeeze. Sadly I couldn't find it. Apes, I shit you not when I say I scoured reddit for over an hour looking for this one fucking website and I found it. So please, please read this link because this is some of the best DD that I have ever seen in my life and you will definitely learn something from it. + +[https://iamnotafinancialadvisor.com/DD/GME/og/GMEv14.pdf](https://iamnotafinancialadvisor.com/DD/GME/og/GMEv14.pdf) + +The reason why u/nuulss comment got me so interested is because my original thesis is that GME repeats its patterns because of this FTD cycle. Before seeing this comment, I tried to find some similarities between price jumps and falls (as in how many days are in between them), but I couldn't find anything. WELL, thanks to this user, some more light has been shed on that. If my theory is confirmed tomorrow, I will be doing an extensive DD covering this topic, but for now I'll just give you a small glimpse. + +Ok, so first here is SEC regulation SHO, which discusses shorting, naked shorting, and FTDs: + +[https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm) + +Essentially, what I've gathered from this about FTDs is that brokers/MMs have a certain number of days to resolve a FTD (which they can do with another borrowed share, which is why we're in this mess). The key numbers are T+2, T+3, T+5, T+6, T+13. T refers to the day you executed, so just think of it as day you shorted + x days later. There are certain exceptions for market making activity as well, which I am having trouble understanding (ape brain lmao). However, the comment was about T+21, which I have not seen anything about. If anyone has information on this please let me know (but please don't just add 13+6+2 and say "LoOk uNcLe HaNk i sOlVeD tHe PuZzLe"). Again, this is just a rough outline of the theory that I will probably post about in the future. + +Here are the expiration dates for recent monthly options (using monthly becuase they have the most volume and OI). Here the date is T + X where X is the number of days after T. I looked at each of these dates on the daily chart and counted how many days until there was a SIGNIFICANT spike. Here are my findings. Again, this is only preliminary and I will most likely be making a much more expansive DD about this in the future: + +Sept. 18th **+ 13 days** later = spike from $9 to $13 in a single day + +Oct. 16th **+ 21 days** later = spike from about 10.50 to 12.50 and then a runup the next few days + +Nov. 20th **+ 21 days** later = spike from 16 to 20 in a single day + +Dec. 18th **+ 21 days** later = spike from 40ish to 65ish in a single day + +Jan. 15th - you can't really find one here because of the squeeze, but I'm guessing that this played a big role in increasing the height of the squeeze. I'll do more research on this in my later DD. + +Feb. 19th **+ 13 days** later = the day in march we saw it get all the way up to $350 + +Mar. 19th **+ 21 days** = LITERALLY TODAY + +When I saw this my jaw dropped. Every single jump is either T + 21 or T+13. 13 makes perfect sense as per the DD I linked above, but I don't understand the 21 days thing and it's not like 21 days is an anomaly, it's on there every time except for 2 times. Anther T to keep in mind is 26. Why? MM have 13 days to deliver but can deliver with a loaned share or synthetic long (maybe, not sure about that last one), so 13 + 13 = 26. I haven't looked deep enough to see if 26 is significant but will update if I do. + +Thanks again to u/nuulss for pointing this out because I personally think that it's huge. Even if my prediction about price being similar is dead wrong, I will be looking into the FTD cycle as this could give us a good understanding of what days are the best to buy. We already know what days are the best days to hodl, EVERYDAY. As I said before this is just me scratching the surface. I will dig very deep tomorrow if my prediction comes true. Well, let's face it, I'm addicted to this shit and will be digging deeper regardless. + +So, if anyone can find any more connections from the settlement dates in that DD to the past price action of GME, I would love to hear your thoughts. My posts usually get a lot of comments, so I would encourage you to message me if you have something serious. Godspeed, apes. I am not a financial advisor and this is not financial advice. + +I will be updating this as much as possible today. + +&#x200B; +Hi guys, I figured this would be the best place to ask. + +So just a bit of a background, Iā€™ve managed to finally save Ā£10,000 which is quite a milestone for me as years ago I used to be struggling with money. Anyway, I have a few outstanding debts that I would like to get rid of. I am in no means behind on payments and have paid on time for as long as I can remember, but I want to pay them off so I donā€™t have the burden of paying every month and start putting the money towards my savings again. + +I have a debt totalling Ā£2174.97, I know itā€™s not a huge amount, but since Iā€™m in a financial position where I could pay this off and still have a great deal in my savings, what do you guys think? I earn, letā€™s say Ā£1.7k-Ā£2k every month so I can earn it back in no time and the money Iā€™d save if it were to be paid off would be tenfold. + +I would rather do it this way instead of getting a consolation loan as the majority of them have high interest.. my debt doesnā€™t have any interest because Iā€™ve been paying on time so it obviously wouldnā€™t make sense to me. Sure, since the debt is just over Ā£2000 Iā€™d of basically worked an entire month for free if I did pay all of it off, but I feel like the reward of being completely debt free is much greater. + +So, use the money from my savings to finally be debt free and save more money every month, or continue paying in small amounts and keep building my savings? + +Any advice would be appreciated! + + +EDIT!!: Thank you so much for everyoneā€™s replies, I didnā€™t think I would get this many and they are all great suggestions and answers. Some giving me the harsh truth which I need to hear, some are very informative, and others are congratulating. I suppose now the choice is up to me (as the debt is indeed 0%). I have read and listened to every single comment and I will take them all into account! Very helpful and appreciated. +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! + +Don't know what flair to put for this post... so labeling opinion. This actually happened and this situation needs to have a giant ass spotlight pointed on it FOREVER until action is taking against Ken Griffin for lying under oath! + +**Does anyone remember when Ken Griffin lied under oath about this?** + +Go pull up the first Gamestop hearing on youtube and fast forward to 3:09:00 and starting watching from there for a min or two. Mr. Giffin was asked if anyone at Citadel had direct contact with anyone at Robinhood regarding the Gamestop situation after Jan 1st, 2021. Mr. Giffin responded with **"ABSOLUTELY NOT" - Ken Griffin**. + +We cannot let this slide! This needs to be posted everywhere so the world can know what kind of lengths these criminals will go to, to STEAL your money! + +edit 1: I made it easier for you apes... here is the link already set to 3:09:00. You're welcome you filthy apes! lol + +[https://youtu.be/VL-0uXJBzbo?t=11340](https://youtu.be/VL-0uXJBzbo?t=11340) + +make sure you read the last quote by Jim Swartwout in the pic below... **"Everyone is, you wouldn't believe the convo we just had with the citadel. Total mess" - Jim Swartwout.** + +https://preview.redd.it/wrmkd100jbp71.png?width=640&format=png&auto=webp&s=a77edfe0189ccf909db074ab516ac4b94a7115e5 + +It seems that multiple conversations took place between multiple companies during the month of Jan. 2021. I will never let people forget what Ken said during the first hearing of the GameStop saga. We need to make sure everyone understands that Mr. Griffin lied under oath! Hope you enjoy your stay in prison, Mr. Griffin. + +https://preview.redd.it/eqfjuukrjbp71.png?width=969&format=png&auto=webp&s=0da66ff9239eee262ecebe81ba02eb2488204404 +Hi personal finance, + +I am considering proposing to my girlfriend of 2 years next month and so I started shopping around for an engagement ring this week. I had an odd experience yesterday that I was hoping someone might be able to shed some light on (and also maybe some light on the process of buying a ring in general). + +So here's what happened. A woman from one of the large brand-name stores initially seemed very friendly. However she used some strange "tactics" (don't really know what else to call them really). First of all she requested my drivers license as soon as I walked in. I couldn't find any harm in this so I gave it to her. Why this was done I'm not sure, but thinking about it retrospectively, I felt a little off-put by it. + +Secondly she asked what my budget was. I said no more than $5000. She called someone using the store's phone and then had me speak to them. The person said they were from the same company and started asking questions like "What do you do for a living?", "How much student debt do you have?" and "What is the limit on your Visa card?". She then handed the phone back to the saleswoman and she told me good news, I was "approved" for $5000. I THINK what she meant was $5000 worth of financing, but I'm not really sure. She was very vague about it when I inquired further. She mentioned that I could put $1000 down and pay something like $150 per month for 18 months with zero interest. + +So there are a couple weird things about this. One, I asked her if she had told the representative on the phone about my $5000 limit, because I found it odd that I was approved for the exact same amount of $5000. She said she did not. But I am quite certain I could be approved for way more than that. The lady on the phone didn't even ask me about my current assets. + +Another weird thing is that I mentioned to her multiple times that I don't need financing, I have the cash. She just ignored this and went on with the financing. + +When she pressuring me into buying a ring I was considering that day, I told her no, I don't make large purchases on the first visit. She then tried to get me to sign a document. She explained it poorly, saying it was for "membership" and so I could access my $5000. Of course she scoffed when I flipped the page back and actually started reading the thing. It was very vague itself, very wordy and difficult to interpret. I did not sign it. + +So needless to say that was a very confusing and annoying experience. + +r/personalfinance... any idea what this was about? And any tips shopping for engagement rings? + +I should say I'm actually kind of against buying diamonds for multiple reasons (blood diamonds, DeBeers history of fixing diamond prices by controlling supply, the fact they can be made synthetically now but prices are still unchanged, scammy business practices by many diamond retailers) .. the only reason I'm even considering it is because my girl seems to expect it. + +If anyone knows of an alternative, please let me know. + +Edit: Wow. Thanks for all your support guys. This is really an awesome community of helpful people. + +I wanted to give you a quick update. It turns out they did check my credit score without my permission. Which is bad, because it will likely lower it a little bit. I printed out my credit report and confronted them. They were super extremely apologetic and said they had no idea, but they've been in the industry for at least 5 years each so I'm sure they knew exactly what they were doing. + +I guess my next step would be to dispute the inquiry with the credit bureau.. I'm going to look into it tomorrow. + +And I've decided to buy a non-diamond stone (probably moissonite) online with a cheap "placeholder" ring and propose using that, then let her pick the ring style herself afterwards. This way I can save thousands and she gets to create exactly what she is imagining. + +I will have to tell her it's not a diamond though. Hopefully that goes over well. +Let me first say that I love this community along with all of the mods and we are working diligently to prevent any serious action against the sub. We have received warnings about brigading and we take these VERY SERIOUSLY, so as a result we are hoping to enforce our [NO BRIGADING rule](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/) as well as minimize the amount of posts we need to moderate to make sure this can be enforced. + +Due to a very popular reddit subreddit going private due to apparent legal issues (Edit: It appears it is back online for the time being, but that is besides the point), we are increasing our timeline to enforce these policies. Please understand this is NOT an attack on the community but rather a dire attempt to protect it. I am hoping all of you can work with us on this and not make the situation worse. Thank you. + +[Let's take this seriously.](https://preview.redd.it/qa1czpggg1971.jpg?width=656&format=pjpg&auto=webp&s=36b2ee416cafcea9708079f7fb917941082d5226) + +# Increased Karma / Age Restrictions - Effectively Immediately + +I have reached to reddit admins to explain that we are on this and taking it very seriously, and I have initiated a vote with the mods to increase the karma restrictions. Therefore, effectively immediately, the restrictions are now as follows: + +&#x200B; + +||Karma (old)|Karma (NEW)|Age (old)|Age (NEW)| +|:-|:-|:-|:-|:-| +|Posts|2000 karma|8000 karma|120 days|240 days| +|Comments|500 karma|2000 karma|60 days|120 days| + +\*Please note that Award Karma does NOT count toward this, and that Approved Users will bypass these restrictions. Also, please note that other automod rules still apply to Approved Users. + +Please note that these are emergency restrictions and once we know more about the situation, we will relax these restrictions so that all apes can comment. However, we NEED to be able to successfully moderate the sub and this increase will help us do that effectively. Thank you all for understanding. + +[These limits are TEMPORARY - and for security and moderating purposes primarily.](https://i.redd.it/cjkbvivog1971.gif) + +# NO BRIGADING + +Brigading is discussing other subs in a negative light or in a way that they will not appreciate. As a result, we have already implemented a [NO BRIGADING rule](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/) and will be enforcing it diligently. We urge all of you to report posts that violate this rule: + +>Under NO circumstances, will brigading be tolerated on this subreddit or any other. Individuals who are discovered to be participating in this, risk being permanently banned for this reason. +> +>Brigading includes: - organized voting on other subs - harassing other subs - using [r/Superstonk](https://www.reddit.com/r/Superstonk) to defame other subs - posting screenshots from other subs +> +>Additionally, Reddit Admins have placed an irremovable code into our automod that prevents linking other subs entirely. + +Additionally, we have updated automod to include several key phrases and terms that are often use to represent other subs. Please avoid using these terms. We WILL be removing those under the NO BRIGADING rule and doing so more intensely if you try to circumvent the automod. Do not do it. Just stay focused on GameStop and use other mediums to discuss this content. + +I am okay if you want to discuss the suit against reddit if specific subs are omitted. Thank you for understanding and helping to make this subreddit the best on reddit. + +[Stay focused.](https://preview.redd.it/4jbk6bshg1971.png?width=849&format=png&auto=webp&s=8baa1b097ab0163681c5197a17f51f6c14ca494c) + +# GameStop: To the Moon! + +Let's all remember why we are ultimately here. It is not to push r/Superstonk to the top of the lists, but rather to have a safe and secure space to discuss our most favorite stock, GameStop (GME), and to build a community that rivals nations. Let's encourage each other to stay focused, and not get distracted by anything else. There is no reason to deviate from this discussion. + +I would like to remind you that our rules are designated to focus on GameStop stock, and not to focus on demeaning or engaging with other subreddits. You can discuss whatever you want in private chats, in Discord, and on Twitter. I ask that you please confine off-topic discussions to those avenues. + +[Art by u\/YoungbloodAA ](https://preview.redd.it/xxrczikjg1971.jpg?width=3840&format=pjpg&auto=webp&s=0b1b37824e5d255eacec0c11544bdcb3e9a55e93) + +# Remember: We are on Twitter + +[**https://twitter.com/ByeTriangle**](https://twitter.com/ByeTriangle) + +[**https://twitter.com/PinkCatsOnAcid**](https://twitter.com/PinkCatsOnAcid) + +[**https://twitter.com/RedChessQueen99**](https://twitter.com/RedChessQueen99) + +[**https://twitter.com/rensole**](https://twitter.com/rensole) + +[**https://twitter.com/u\_sharkbaitlol**](https://twitter.com/u_sharkbaitlol) + +[**https://twitter.com/BradduckF**](https://twitter.com/BradduckF) + +[**https://twitter.com/grungromp**](https://twitter.com/grungromp) + +[**https://twitter.com/StonkSandwich**](https://twitter.com/StonkSandwich) + +[**https://twitter.com/MetaMadie**](https://twitter.com/MetaMadie) + +**We are also on YouTube:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[ook ook!](https://preview.redd.it/yv59wd0tg1971.jpg?width=1280&format=pjpg&auto=webp&s=57c654f8e403e3c8f783f54faf748bce35e2f51d) + +# Let's all remember that reddit has its policies and rules and we should be following them regardless of our personal takes. Please confine off-topic discussions to other social media and private chats. Thank you! + +EDIT: While certain subreddits are now back to Public view, we are going to leave these restrictions in effect, at least for the weekend. I think we have a flood coming, of new users and discussion, and therefore think of this as "the levies" being raised. Approved Users will see no difference, and if you truly want to be added, you can contact a moderator who can fast-track this process, if you have solid post history. Thank you all for understanding. We are simply doing what we think is best for the subreddit, and know that all of this will be relaxed when things settle down. + +EDIT 2: I just noticed the table up top showed 3000 karma for commenting, but it's really 2000 karma. This is a typo because we changed it last minute to something more reasonable. You can see this has been reflected in the rules and wiki. Sorry for the confusion. +I had 3 arduous interviews for a store management position in retail, and I GOT THE JOB! This was all on zoom over a weekā€™s time. + +I was offered a $17k base raise (from what I currently make elsewhere), and a bonus potential. Iā€™ll only work 40 hours a week. + +Minimum wage is $7.25 and I make $28.00 an hour nowā€¦ + +My family (and my mental health) needed this so badly. Thank you for the good vibes! +&#x200B; + +https://preview.redd.it/g40qj0t8a6871.png?width=1600&format=png&auto=webp&s=e58711dcbffbcf5b77e22c30f4eb288c5f36b0fd + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/307847saa6871.png?width=680&format=png&auto=webp&s=6b4dbc28ddc45cf587f34f12f53aeba2837d6d5d + +Reverse Repo's + +&#x200B; + +https://preview.redd.it/jz7dl7yja6871.png?width=696&format=png&auto=webp&s=1e43a621422e4cb161dedc121e4e4295111f9dc8 + +Reverse repo's at 803.019 with 75 participants + +&#x200B; + +https://preview.redd.it/npos90oma6871.png?width=960&format=png&auto=webp&s=87545361a47cf911c6f77c7e815f637bd0d8a218 + +The exponential floor by u/jth1 + +Seems like the Sideways trading guy and exponential floor guy are joining forces :P + +&#x200B; + +[credit to u\/VeryUnscientific](https://preview.redd.it/d20n7jmgb6871.png?width=960&format=png&auto=webp&s=bb5c8162fd61d9c125685fb27882bc1d4579f38a) + +# The Russel 1000 + +We've not seen a lot of movement this past week, but we did expect it, so today is the last T+2 day of the Russel 1k, meaning we could see some movement today, but perhaps they are also having trouble to find enough shares to even buy in right now. + +It's unknown, but I guess time will tell. + +&#x200B; + +https://preview.redd.it/2utwjvbsb6871.png?width=828&format=png&auto=webp&s=dd83e06afba9345fc916b85b52ffabbe0ad797f1 + +# NFT + +Foobar posted this screenshot yesterday, so I thought I'd check it out real quick. + +He has since posted an update a couple of hours ago that "Revest" is not in any way related to GME. + +&#x200B; + +https://preview.redd.it/fsrg6q26c6871.png?width=450&format=png&auto=webp&s=aad0117b26451767deb80f258a5b8a205c9a13fb + +So guess we'll still have to wait for some news to come out on that aspect and known what it will be. + +Give it time guys, no rush. + +&#x200B; + +https://preview.redd.it/ld644qcnc6871.png?width=750&format=png&auto=webp&s=05836b2823f26e805d71ea1408ce378fc1c2dc27 + +Reply u/bpawsitive got from the GME Blockchain team. + +Love the sentance "We are humbled, and jacked as ever about the future".... let me feed my bias ok, stop judging me Karen. + +https://preview.redd.it/1na2cc3xc6871.png?width=960&format=png&auto=webp&s=94a037719dea5bec0e02b83f1f381c994c8a0af7 + +Also seems that GME is not slowing down with those Fire hires šŸ¤” + +&#x200B; + +https://preview.redd.it/zfv4uii2d6871.png?width=960&format=png&auto=webp&s=7ea34624e6b8ffed7172f071c119b7c7b82ff33a + +# Banks go Batshit with Dividends + +Ok so this one is a little tin foil, because this is off of memory and I couldn't find a source for the following. + +<Tinfoil> I can remember in 2008 months before the actual crash happened they were pumping up dividends higher than usual, I was not involved in stocks back then so... yeah the fact I know about it shows that it was a big deal at the time and may have been an indicator of the incoming crash</tinfoil> + +from u/Prof_Dankmemes + +Multiple banks (including JPC) are citing the Federal Reserve Stress Test as the reason for raising their dividends this quarter. + +The lack of oversight and balance of power is fucking criminal: + +Banks own the FED āž”ļø FED pushes a ā€œstress testā€ that cites outdated and underreported data āž”ļø Banks then cite the ā€œstress testā€ as proof that everythingā€™s fine, that ā€˜hyperinflation is nothing to worry aboutā€™. āž”ļø Banks and bank-owned MSM use the story to raise dividends and raid their own cash reserves one last time before American Bastille šŸ¤¬ + +&#x200B; + +https://preview.redd.it/6y2313s8e6871.png?width=960&format=png&auto=webp&s=f5951228c485962ad39bbf413b9012cd0e19d045 + +Ya'll like barcodes? + +[https://www.reddit.com/r/Superstonk/comments/o9qeq7/russell\_1000\_1\_min\_chart\_wtf\_is\_this\_i\_have\_never/](https://www.reddit.com/r/Superstonk/comments/o9qeq7/russell_1000_1_min_chart_wtf_is_this_i_have_never/) + +it sorta got debunked + +[https://www.reddit.com/r/Superstonk/comments/oa1kvz/about\_the\_russell\_1000\_photo\_going\_around/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/oa1kvz/about_the_russell_1000_photo_going_around/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/4almrsfie6871.png?width=4096&format=png&auto=webp&s=79a8571555f3a978d3460697cfb44426f6fe8bfd + +SVR by Annihil4tionGod on twitter! + +&#x200B; + +https://preview.redd.it/dmw2burbe6871.png?width=554&format=png&auto=webp&s=aa312f680d616fbc84abf6566c91a46c0201d5a0 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/j3q4s2hee6871.png?width=400&format=png&auto=webp&s=9278008a17189e13a276e1979111aeabc40542c1 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +Hey everyone, Iā€™m really having a difficult time getting my finances in order. Back in January my fiancĆ©e (21F) and I (21M) moved into our first apartment. Ever since then we have been struggling to get money to save and even pay our bills. We both work full time and both make over minimum wage where we live. Honestly I donā€™t really know how else to say this so Iā€™m just going to say it how it is. She comes from a wealthier family and sometimes has trouble with spending habits. This is something that we have both discussed and itā€™s something that she agrees is an issue. Right now we are both in debt (she used my credit card without my knowledge for a while and also promised she would pay me back whenever she did ask me to use it, which didnā€™t happen, and now I feel really cornered with my finances. Iā€™ve been trying to pay the debt off for months but we struggle to even get enough for our monthly bills. Aside from that we donā€™t even have much food either and I donā€™t eat much as a result. Iā€™m just really struggling with this right now because I want us to be able to start saving money and be able to afford things and starts saving and investing but with the debt and the money issues we are facing it just feels kind of impossible right now. Any advice is welcome. + +IMPORTANT NOTE: +The apartment we live in is well within our budget, we didnā€™t choose to live somewhere really fancy. +I read Tim Ferris' Four-Hour Work Week a number of years ago and the one concept that really stuck with me was the low-information diet. For some reason I always connect this idea to FI even though they aren't really connected. But the concepts overlap - simplicity in life for greater happiness. MMM even [wrote a post](http://www.mrmoneymustache.com/2013/10/01/the-low-information-diet/) on it. + +So what are some similar pieces of advice, concepts or ideas that are tangentially connected to FI? +Not sure what I think about the topic. Of course I want to FIRE as soon as possible, but retiring during my prime earning years forfeits the opportunity to really set my kids up for life. How do you guys feel about that trade off? +Source: [https://vivekkaul.com/2021/04/20/charles-ponzi-and-bernie-madoff-would-have-been-proud-of-the-ponzi-schemes-of-2021/](https://vivekkaul.com/2021/04/20/charles-ponzi-and-bernie-madoff-would-have-been-proud-of-the-ponzi-schemes-of-2021/) + +I would like to know your opinion on this part from the article on stocks: + +>This is precisely what has been happening all across the world since the covid pandemic broke out. With central banks printing a humongous amount of money, interest rates are at very low levels, forcing investors to look for higher returns. A lot of this money has found its way into stock markets. The newer investors have bid stock prices up, thus benefitting the older investors. The deep state of investment has played its role. +> +>Of course, the counterpoint to whatever I have said up until now is that unless new money comes in, how will stock prices ever go up. This is a fair point. But what needs to be understood here is that in the last one year, the total amount of money invested in stocks has turned into a flood. Take the case of foreign institutional investors investing in Indian stocks. +> +>They net invested a total of $37.03 billion in Indian stocks in 2020-21. This was almost 23% more than what they invested in Indian stocks in the previous six years, from April 2014 to March 2020. This flood of money can be seen in stock markets all across the world. +> +>Clearly, there is a difference, and the stock market has worked like a naturally occurring Ponzi scheme, at least over the last one year. + +&#x200B; + +and the second point from the article on startups/unicorns: + +>This Ponziness is not just limited to stocks. Take a look at what is happening to Indian startupsā€¦oh pardon meā€¦we donā€™t call them startups anymore, we call them unicorns, these days. A unicorn is a startup which has a valuation of greater than billion dollars. +> +>How can a startup have a valuation of more than a billion dollars, is a question well worth asking. I try and answer this question in a piece I have written in todayā€™s edition of [the Mint newspaper](https://www.livemint.com/opinion/online-views/what-dravid-s-role-as-a-goon-says-of-the-global-economy-11618852566547.html). +> +>As mentioned earlier, there is too much money floating all around the world, particularly in the rich world, looking for higher returns. Venture capitalists (VCs) have access to this money and thus are picking up stakes in Indian startups at extremely high prices. +> +>Many of these startups have revenues of a few lakhs and losses running into hundreds or thousands of crore. The losses are funded out of money invested by VCs into these unicorns. +> +>The losses are primarily on account of selling, the service or the good that the startup is offering, at a discounted price. The idea is to show that a monopoly (or a duopoly, if there is more than one player in the same line of business) is being built in that line of business and then cash in on that through a very expensive initial public offering (IPO). +> +>As and when, the IPO happens, a newer set of investors, including retail investors, buy into the business, at a very high price, in the hope that the company will make lots of money in the days to come. Interestingly, IPOs which used to help entrepreneurs raise capital to expand businesses, now have become exit options for VCs.Ā  +> +>If an IPO is not possible, then the VC hopes to unload the stake on to another VC or a company and get out of the business. +Greetings Everyone. + +I have been looking for lockers in various banks. So far I have visited 4 banks, Pune: + +1. ICICI +2. KOTAK +3. INDUSIND +4. HDFC + +To my surprise everyone is kind of forcing me to either open FD or take some kind of ULIP plan to avail discount. Otherwise on a flat rate lockers are priced at 5000 to 10000 + GST per year. + +ICICI wants me to make 25k fd + a ULIP plan of undisclosed amount and 5.5k small locker. These guys were least interested as a bank to get me on board despite having a bank account. + +Indusind, where I have an account, wants me to either put 10L fd or 2L min balance account to avail free locker. Other wise 1L min bal to avail 50% discount. + +Kotak 20k Fd + flat rate of 3k per year, small locker. This one sounded most reasonable of all. But availablity after 2 months. + +HDFC has most simple terms. No discount thing, just have 25k fd and flat rate. + + +I would like to hear some suggestions and experiences from the group. Also what is so special about ULIP plans that banks are always behind my ass to sell it to me. They managed to sell it to my wife saying it's the best investment instrument, better than MFs bla bla bla. Because of the way they are selling it I have stayed away from ULIP plans. + + + + +**Update 8/10/21:** + +Few more banks visited, and finally going ahead with Canara Bank. It needs min balance of 1000 rs and just 20k fd. Locker is 2000+gst. This is the cheapest I found so far. Surprised to find so easy and straightforward bank folks and process. + +About other banks... + +Axis: 75k minimum balance or 3L FD. 4200 locker charge. + +Idbi: some plan where they want me to invest 50k every year for next 10 years. + +Federal Bank: 50k min balance and some fds and investments, confusing as hell. + +SBI: Not kidding, I visited 4 branches. 2 out of them don't host lockers and 2 were on lunch time. Lunch times were different at both places. I guess the memes are true about them. + +Yes Bank: Worst of all. Expected. 25L, yes 25lakhs, minimum balance account or bunch of asshead investments close to 15 lakhs over 5 to 7 years along with fd and stuff. Basically it was confusing and predatory at the same time. + + +Thank you everyone for wonderful suggestions. Hope this post helps others in future. +This is more relevant for long-term investors rather than short-term traders. Let's say you have researched a company and have bought some of its stocks. What are the factors you consider to decide when to buy more stocks of the same company again? + +1. When the stock price falls by X%? +2. When Nifty/Sensex falls by Y%? +3. Based on technical factors and/or any positive news about the company? +4. Based on asset balancing (whenever your equity portfolio drops below a threshold)? +5. Do you invest at regular intervals, irrespective of any other factors (like a mutual fund SIP, but may not be monthly)? +6. When you have funds available and you buy equity and debt as per your asset allocation philosophy? +7. Any other factor? +The difference between this play and other plays Iā€™ve been in is that thereā€™s so much going on and being uncovered here that it seems like more time has passed than just a year since the events of last winter. + +I think this has to do with synapses flashing differently when a ton of new information is entering the psyche. Iā€™ve traveled a lot in my life and noticed the same phenomenon where a couple months on the road in a foreign country feels like a year because of all the stimulation. + +As it relates to GME it feels like a ton of time has passed but the truth is most holders havenā€™t even reached long-term capital gains tax status yet. The play is that fresh. + +Great plays take time to develop, even when theyā€™re not exposed to the fierce short resistance weā€™ve seen here. They take time because the company needs time to do its thing to the point where the various counter-narratives become so obviously wrong in the face of the bull case that even the average investor can see the truth. + +Not all bear cases are nefarious lies created by a cabal of bad actors trying to short a company out of existence. GMEā€™s is but not all are. Different people with different psychologies see the world differently and thereā€™s room for many narratives based on the same set of objective data points. + +The GME bull case will prove out. It will become undeniable even to the average investor. The turnaround is moving at warp speed right now. I know all I need to do is be patient while continuing to buy book shares in CS. Itā€™s frustrating to watch the opposition use every manipulative and illegal tactic in the book to stay alive but theyā€™ll never survive the real transformation thatā€™s well underway. Hope everyone has a wonderful, peaceful holiday and recharges those batteries. +They were at $350 before their pandemic dip, so they have gone up nearly 60% from where they were before the pandemic, even more so from the bottom of their pandemic dip. + +I understand demand has likely gone up, and more people are streaming with nothing to else do but did they gain 60% more subscribers in that time frame? Unless I'm missing something, how do they make any money from people watching Netflix more if they were already a subscriber, they don't have ads. + +I understand markets are forward thinking or whatever, but there are so many streaming services now which own the rights to popular shows that Netflix currently has but likely will lose once the contracts run out. + +What announcement or numbers do they need to report next week to justify this drastic jump? +Currently, I am working on a project, where we would like to add data on a real-time updating stock price from the stock market, but the titles of the stocks and companies would be changed due to legal reasons. The question is whether it is illegal to take a price of a stock and present it with a different name? +I always hear people reference these gov jobs that are boring, cruisy and pay 90k a year. +What kind of jobs are they? How do you find/ apply for them? + +Are specific training required for most? +For example what kind of government job could a public practise accountant get? + +Edit: VIC based preferably +**TA;DR** TDA is completely full of shit and changed their story mid-phonecall about the stock split. + +Following the instructions of good apes here on r/Superstonk I went ahead and called TDA to see if what I'd read 'round these parts was reliable. A previous post said to ask for a compliance officer, and I did, but they had me speak to a broker. + +Whatever. + +So I spoke with Brandon (I think), a broker, who told me unequivocally that this was a forward split, non-taxable, instructed to be in such a fashion per GME, explicitly. I was grateful and asked him to take a look at GMEā€™s statement and how it explicitly stated that it was a a stock split by dividend, that theyā€™d made a share distribution, and it was confusing for me. + +He informed me that they have a department of lawyers who determined that the non-taxable split was to be a forward split, i.e. a regular olā€™ split where you divvy up existing shares into whatever number it is the company dictates. He explained that this was because GME used form 8937, a non-taxable split, therefore a forward split, therefore not a split via dividend. + +https://www.irs.gov/instructions/i8937 + +Seemed pretty concrete. + +I told him that this was very odd and that the statements by GME have been reiterated to the public that this was, in fact, a splividend. He said he was going to see if he could get some facts about it all and stayed on the line while he researched the issue. Eventually he read something to me about GME having instructed brokerages to perform a forward split. If I had questions then I should direct them to investor relations at GME. I thanked him, hung up with him, and went to the GME IR website and I saw everything right there, just the way we all know it to be. + +https://gamestop.gcs-web.com/stock-split + +The tax information is linked in the last word of the first paragraph. + +https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8 + +Right there it said exactly what it was supposed to say, so I call back. This time I speak with Stephanie. I ask for a broker or a compliance officer and she says chrily ā€œIā€™m a broker! HOw can I help you?ā€ + +I very humbly ask for her patience because this isnā€™t my field, but that it didnā€™t seem to make sense how the whole stock split went down. I told her Iā€™d just spoken with Brandon, that it was explained to me that it was a forward split, it was done at GMEā€™s direction, that I should contact IR at GME and direct my questions there, etc. I explained that I tried to contact them but that they donā€™t have a phone number, just a website, and on that site they provide all the statements concerning the split, the nature of it, how it was supposed to be handled, etc. She reviewed it and stuck to the official line. She said that sheā€™s been told to provide the statement that it was a forward split according to GMEā€™s 8937 filing and GMEā€™s direct instructions. + +I then asked the question that started things getting interesting. I said that GME had given the available shares to the transfer agent, those shares were then given to the DTC, and the DTC was to distribute those shares to brokerages like TDA. + +ā€œDid TDA receive that distribution?ā€ + +ā€œI canā€™t confirm or deny that.ā€ + +ā€œThat makes me very uncomfortable as a retail investor. You should be able to tell me that. If it was a forward split and you didnā€™t receive a distribution then that means that GME is being dishonest, but their filing says otherwise. As a responsible investor, whether Iā€™m an expert in these things or not, Iā€™m doing my due diligence to assess the risks of my trades and Iā€™m relying on my brokerage for clear information with regard to this. If you didnā€™t receive the shares then I have to track back from you to the DTC and ask them why the distribution wasnā€™t issued, if they say the same thing you have then I have to go to the transfer agent. If they say the same thing you did then I have to go to GME and ask them, tracking everything back. The problem here is that someone isnā€™t telling the truth and thereā€™s no incentive for GME to lie about this. Thatā€™s not to say that at this point GME is absolved of wrongdoing, but this doesnā€™t look good because they have no reason to lie. As weā€™ve found the edges of this situation there have been numerous instances of fraud on the part of DTCC member brokerages. GME hasnā€™t done anything untoward.ā€ + +She attempted to redirect my attention to the fact that the number of shares in my account are correct and that she didnā€™t understand what the problem was. I explained that it had a material effect on my tax filing and cost basis. Beyond that, with all the FTDs that are a matter of public record, thereā€™s a huge difference between a forward split and a split via dividend. This wasnā€™t just about my tax filing but also about price discovery. If it was a forward split then all the existing shares would simply quadruple and all would be right in the world (sort of), but if it was a split via dividend and GME issued those shares for a distribution, all the FTDs that have been warehoused would have to have shares issued to them, as well. It would force those with short positions to go and find those shares on the open market. + +ā€œMoreover, if you received a distribution, the shares have to be somewhere. But you did a forward split which means that TDA either issued them correctly and is telling everyone that they performed a forward split anyway, or TDA pocketed those shares. Where are those shares? You have to understand that this is not a good look for you. I should trust my broker and this severely jeopardizes my trust in you. If you did everything right then there should be no reason not to have that information available for shareholders like me.ā€ + +I directed her to the filing document linked in the final word of the first paragraph. She read it aloud and asked if she could put me on hold while she contacted another department. + +It was already 2pm and I was going to be late for a meeting if I didnā€™t get off the phone. + +Fuck it. I couldnā€™t let it go. + +ā€œIā€™ll hold, thanks for looking into this, Stephanie.ā€ + +Luckily for me, I was at the right place for the meeting and no one else was there yet. I listened to the hold music for what seemed like forever and she came back, finally. Then she said something I couldnā€™t believe. **She changed her story entirely** and told me that there ā€œhad been a distribution and the stock split was issued via dividend with that distribution.ā€ + +WTAF. + +ā€œYou just told me it was a forward split!ā€ + +She began to sound uncomfortable but kept trying to redirect the conversation back to the number of shares in my account. + +ā€œThere has been a lot of misinformation online and I just donā€™t understand why itā€™s a big deal.ā€ + +ā€œForget about whateverā€™s been said by any clowns online. Iā€™m here asking you about what happened. Without knowing anything about why there are two different kinds of splits, or maybe even more, within this conversation weā€™ve had, you told me that it was one, gave me the reasons for why it was that one kind, told me that it was what you were instructed to tell me, and now youā€™re saying that itā€™s something else. There are different kinds of splits and without any consideration to what the stipulations of those splits are, you told me two different things. This is bad!ā€ + +She began stuttering and not addressing the issue. I was late for my meeting and abruptly ended the call. + +ā€œIā€™m sorry, I have to go. Thank you for looking into this but this is very bad for TDA,ā€ or something to that effect. + +Iā€™m completely dumbfounded. I canā€™t believe that call. + +If I got anything wrong about this, please feel free to inform me about what Iā€™m not understanding correctly, but this just fucking stinks. + +I donā€™t know what this means for all of us but, as ever, BUY HOLD and DRS. + +Thereā€™s undeniable fuckery afoot and I witnessed TDA fucking with me right before my very eyes today. + +Mods, anything needed to confirm my story I'm happy to provide although I made no recording. If there's anything I can do to substantiate this I'm willing to comply. + +In the meanwhile, in anticipation of the "trust me bro" posts, please call TDA if you have an account with them and see for yourself. +So Credit Karma was actually helpful in notifying me that I had a new Capitol One card that was opened a month ago. Of course it wasn't an alert. More of a,"Congratulations on your new card!" Funny since I had frozen all three credit reports a year earlier. Call Capitol One, notified them this was unauthorized. Call the three agencies and filed disputes. Then called Capitol One back to confirm account was canceled, and to inquire what was the address used, and how could it have been approved with the freezes in place. Their response? "Please send your request by fax." +I am currently doing my Masters in computer science. In the future, I would like to work on hedge fund industries(Two Sigma, Citadel, etc) as a quant. How will I prepare my self in the next 1 year? +Hi Guys! + +This one is for anyone new here: + +The stock market is the world's most powerful tool for building wealth. But until recently, it's only been accessible to people that ALREADY had wealth. + +However, Index Funds have become a vital tool for getting access to the stock market and enabling anyone, even absolute beginners, to build world-class investment portfolios with relative ease. + +In this sub, you'll hear a lot about index funds and, in particular, Vanguard Index funds. But it's sometimes not clear exactly what people mean by that. So I've created a [guide](https://youtu.be/aL-GgWkA25Q) to help anyone new here get up to speed on all things index funds. So in this video, you will learn: + +&#x200B; + +What index funds are + +Why you need them + +How to buy them + +What to look out for when you do + +2020 saw more people start investing than in any other year in history. And if you, too, are just starting out, it can be very tempting to dive straight into a bunch of meme stocks. Please don't. In the video, I'll take you through why it's a bad idea to invest in individual companies and why you should instead be looking at index funds. + +&#x200B; + +[You can watch it here](https://youtu.be/aL-GgWkA25Q), and I hope you find it helpful! + +&#x200B; + +(I put a lot of effort into creating this content, and the only real reward is when I hear that it's helped someone in some way. It's super hard to keep motivated, so please have a thought, both for me and the people that may find this helpful, before auto down-voting this for self-promo. Cheers!) + +Edit: Wow thanks so much for the awards, you guys have made my year! Iā€™ll try get the next video to you ASAP! +I know alot of us don't just have 50 laying around but if you do and food is putting holes in your pockets hear me out. Rice is incredibly cheap and much better than the ho-cakes I used to make to get by. A great and very cheap recipe for your new rice cooker is -white rice, hotdogs, eggs and frozen vegetables. You can get these things for under 10 dollars and even splurge on them for well under 20. You will be eating for days. While the rice is cooking make 4 hotdogs (I have an air fryer- optional), scramble 3 eggs and most rice cookers can steam the frozen veggies. Mix it all up and you have satisfying meals to get you by. Another great and cheap use I have found is buy a container of yellow rice for 4 or 5 bucks and a rotisserie chicken from Walmart for $7. Get a dollar bottle of cheap hot sauce and you are eating good. Good luck. + +Edits: +- cooking in a pot is even cheaper but you have to be both very good at cooking rice and be attentive, a rice cooker let's you game or go outside while making perfect rice and they do much more than rice as I'm finding out. + +-A multi cooker seems to do rice as well, probably buy this instead + +-good rice cookers can be found online or thrift stores for $30 or less +Volunteering is a part of many people's lives irrespective of stage in life. I get the sense that lots of FIRE practitioners have that as part of their RE part. I wanted to hear from people who make this a part of their lives. How, where, what, who...etc. + +My partner and I will volunteer more when we get to the RE part of our lives. We do some now with our kids to introduce that idea to them. Anyways, my partner and I talked about the times when we felt most helpless or when we could've used help. Being a minority female, she identified a time when starting out in tech that she would have had an easier time if she had more available mentors that look like her. If our retirement is out of country, she might go to various universities and start some support group there. + +For me, I want to work with the poor young. That they may come from humble origins, they can still compete. They may not get into elite schools due to a lack of "personality" but they can still thrive. If I'm out of the country, then maybe help them develop skills. Start a school for trades? Hospitality, electrical? + +Apologies if this doesn't belong here. +šŸ 420X šŸ + +&#x200B; + +Come meet the Developer Team! + +&#x200B; + +On Telegram - We are Live. Real time. In voice chat. Seriously!! + +&#x200B; + +We are going to the Moon, Uranus AND Pluto. + +You coming with us!? + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +If Binance Tweets at you the 1st day, you ARE going to Moon + +&#x200B; + +Tweet - Binance tweeted at them. WOW! + +&#x200B; + +[https://twitter.com/binancechain/status/1384641941854425089?s=21](https://twitter.com/binancechain/status/1384641941854425089?s=21) + +&#x200B; + +This blowing UP. Im so glad I aped in! + +&#x200B; + +Why I Love Them? + +Continuation of Voice Chat in Telegram 24 Hours + Interaction between Devs & Community. It's a family. Come Join! + +&#x200B; + +šŸ† Achievements + +&#x200B; + +šŸ”„ 12K Holders -> 4k Increase in 24 hours + +&#x200B; + +šŸ’ø Insane Liquidity - 1.2M Right Now At Such a Low Market Cap + +&#x200B; + +šŸ”„ reached ATH of 12M Market Cap right now! + +&#x200B; + +šŸ”„ Just Featured In WSB Instagram + +&#x200B; + +šŸ”„ Burned 340T tokens and burning more very soon + +&#x200B; + +šŸ”„ CMC, CG in progress + +&#x200B; + +šŸ”„ Whitebits in progress + +&#x200B; + +šŸ”„ Crazy amount of mentions from Youtubers and Influencers + +&#x200B; + +šŸ”„ Trending on r/CryptoMoonshots/ + +&#x200B; + +šŸ”„ Poocoin banners + +&#x200B; + +šŸ”„Ongoing twitter giveaways + +&#x200B; + +šŸ”„ TechRate Security Audit + +&#x200B; + +šŸ”„ White Paper + +&#x200B; + +šŸ”„ Daily AMAs + +&#x200B; + +šŸ”„ Daily Raids activity at 4.20pm UTC šŸ”« + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +šŸ—“ Upcoming: + +&#x200B; + +āœ… More social media giveaways soon + +&#x200B; + +āœ… Already paid for more marketing campaigns (Big Youtubers and tiktokers) + +&#x200B; + +āœ… Spoken to Cointiger/Swft/BitMex for expedited listing šŸ˜ + +&#x200B; + +āœ… Multiple incoming Shout outs and mentions from large Social Media Influencers and YouTubers + +&#x200B; + +āœ… 80T Burn incoming very soon (8% total supply) + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +šŸš€420x Tokenomics + +&#x200B; + +šŸ’„ Total Supply: 1,000,000,000,000,000 + +&#x200B; + +šŸ”„ Burned before Pre-sales: 250,000,000,000,000 + +&#x200B; + +šŸ”„ Burn Road Map: 170,000,000,000,000 + +&#x200B; + +šŸ‘‘ Dev Wallet: 75,000,000,000,000 + +&#x200B; + +šŸ€ Presale: 505,000,000,000,000 + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +This is a deflationary coin (unlike us high af) with a limited supply. No more $420x can ever be minted. It has a transaction tax of 8% which is split 2 ways. + +&#x200B; + +šŸ’Ž 4% fee redistributed to all existing holders. + +&#x200B; + +šŸ’Ž 4% fee is added back into liquidity. + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +šŸš€ Token: + +&#x200B; + +ā‡ļø Contract: [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) (Audited by TechRate) + +&#x200B; + +šŸ° Buy here on pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +&#x200B; + +šŸ“ˆ Charts: [https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +[https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc](https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc) + +&#x200B; + +šŸ” Liquidity: [https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +&#x200B; + +šŸ” Renounce TX: [https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3](https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3) + +&#x200B; + +\-------------------------------------------------------------------- + +āš”ļø Official links: + +&#x200B; + +šŸ’¬ Telegram: [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +&#x200B; + +šŸŒ Website: [https://420xcoin.com/](https://420xcoin.com/) + +&#x200B; + +[https://420xcoin.com/ebook.pdf](https://420xcoin.com/ebook.pdf) + +&#x200B; + +[https://420xcoin.com/420x.pdf](https://420xcoin.com/420x.pdf) + +&#x200B; + +[https://420xcoin.com/whitepaper.pdf](https://420xcoin.com/whitepaper.pdf) + +&#x200B; + +šŸ¦ Twitter: [https://twitter.com/420xcoin](https://twitter.com/420xcoin) + +&#x200B; + +šŸ”„ Reddit: [https://www.reddit.com/r/420xCoin/](https://www.reddit.com/r/420xCoin/) + +&#x200B; + +šŸ‘ TikTok: [https://www.tiktok.com/@420coin](https://www.tiktok.com/@420coin) +I want you to understand this. Truly. + +I like GameStop. I like $GME. I believe in the long term plan (or what I/we think is the plan, anyway). I bought a Pro Membership and have put in orders through the app I downloaded. I think they'll kill 4Q earnings in March. + +I THINK GAMESTOP IS A GOOD COMPANY. I think Cohen and his team bring something to the table that will truly turn around the company. I think CNBC and particularly Melissa Lee can go suck an egg with their dismissiveness of the bull case, which they barely even pretend to have considered. I think the stock was and has been manipulated as fuck. + +My personal belief, which I require nobody else to share, is that Ryan Cohen and gang also still have more buying to do, and their buying alone will drive the price up. But my belief is that they have no interest in buying at this price, or they'd have done so. I believe they're waiting for the price to fall back toward the fair market value. And I believe they may force the issue by issuing more shares. That's what I believe, and why I'm not holding positions right now. I probably will in the future, but my personal opinion is the time is not right. + +I wrote these posts: + +[https://www.reddit.com/r/wallstreetbets/comments/l6n4lj/on\_leverage\_supply\_demand\_how\_we\_got\_here\_gme/](https://www.reddit.com/r/wallstreetbets/comments/l6n4lj/on_leverage_supply_demand_how_we_got_here_gme/) + +[https://www.reddit.com/r/wallstreetbets/comments/l6rsol/heres\_the\_letter\_i\_wrote\_to\_my\_congressman/](https://www.reddit.com/r/wallstreetbets/comments/l6rsol/heres_the_letter_i_wrote_to_my_congressman/) + +(EDIT: lol I just realized both of those posts aren't visible since they were removed by the mods. + They were pro-retail and pro-GME) + +I want to see people make money on this. Better yet, I WOULD LIKE TO MAKE MONEY ON THIS. + +Further, what Robinhood did, as well as Webull, Interactive Brokers, E\*Trade, EToro, and tons of other brokerages did, ***was fucked up. Everybody here agrees.*** + +But you guys are actually fucking insane. We dont have a problem with the stock. We have a problem with YOU. + +Many of the people who have joined WSB in the past two weeks are brand new to investing. And that's okay! But the new people (7 million new versus 1.5 million old) have done the following: + +* Spent weeks downvoting every single ticker besides GME, AMC, BB, and NOK + * Failed to realize there is no short squeeze on BB or NOK + * Failed to realize the NOK spam was purely from bots + * While you've realized there were bots that were bought, you missed (probably because you were spamming rocket emojis and gorillas) that the bots were spamming NOK. + * Continually asked what stock WE are going to MANIPULATE next +* Tried to educate the crowd on terminology you just googled ten minutes earlier. + * I saw one person disagreeing with a long-time and well-respected poster here by telling other Apes to ignore that post, and to instead read a copied and pasted two paragraph blurb from investopedia that explained the effect of a stock split on a short position. +* Made up securities laws and terminology that doesn't actually exist + * Short ladders? Every time a price falls from a peak it's a short ladder? EVERY TIME? + * You don't think that there's a natural reversion in the balance of supply & demand after a stock runs up thousands of percent in a matter of days? +* With zero understanding of market mechanics, explaining to others why price action is fake + * "Look how low volume is on this candle! It's not a real drop!" + * [the dip is fake](https://www.reddit.com/r/wallstreetbets/comments/lay22q/the_dip_is_fake_look_at_how_many_people_are/) +* Called people who have been involved in this play since Summer 2020 "paperhand pussies" for taking profits when the price of the stock went up 1,500% +* Turned WallStreetBets into a political activism forum +* Denying Reality + * S3 partners is not lying to you. They and Ortex are consistently the best sources of difficult-to-obtain information on short interest. Just because they're reporting that short % of float is reduced FROM THE HIGHEST LEVEL THAT ANY STOCK HAS EVER HAD does not mean that they're lying to you. +* Spammed low-effort memes and easily-Googleable questions on the new submissions + * When your posts were taken down, you posted AGAIN +* Accused anybody with an opposing opinion of being a hedge fund shill/bot +* AGGRESSIVELY spamming to find buyers to help you get out of your huge negative position +* I want to gag every time I see somebody write "I'm not a financial advisor" following a post that makes that very clear +* Moving the goalposts + * "YOU ARE HERE on the VW short squeeze graph!" + * "We finished above $325! Gamma squeeze!" (Personal confession, I almost fell for this one and I'm glad I sold before the plummet). + * "Ok so there was no gamma squeeze Monday but Tuesday is the day!" + * "Ok we fell another 50% Tuesday but definitely Wednesday!" + * "Fuck it let's just harrass investor relations to help us!" +* Accused the mods of being paid off by hedge funds for doing what they've always done, which is remove shit-tier posts from the front page + * which you then posted again + * and again +* Completely ignored the rules of our subreddit + * Market Manipulation -- + * No Pump & Dumps -- pressuring other people to buy low float stocks (such as GME) so that you can drive up buying demand and sell when you've decreased your losses is a scam. + * Political Bullshit -- If you think "it's not about the money" then get the fuck out because it is absolutely about the money. + * No Bullshitting -- There are so many of you advising others on their trades (followed by "This is not financial advice, am ape") while you have no idea what the fuck you're talking about aside from something you just read on Reddit 5 minutes ago, which was posted by somebody else who had no idea what the fuck they were talking about, which was based on a tweet they read 10 minutes before that from someone who DID know what they were talking about, but OP misinterpreted the meaning. + * Believe it or not, that's against the rules. Just say you dont know. Or say nothing. There's actually no need to spam. +* Gain & Loss Posts - nobody wants to see your Loss on one-third of a share of AMC. Come on. +* YOLO - Your investment in one-third of a share of AMC is not a YOLO. A YOLO is DFV leveraging up his entire $55,000 account with positions in a single ticker and letting it ride or die. + * [not a fucking YOLO -- it's a picture of a billboard](https://www.reddit.com/r/wallstreetbets/comments/la96zj/my_amc_billboard_is_up_in_kalamazoo_mi/) +* Drowned out a lot of really good content on non-GME stuff + * u/dhsmatt2 's [updated PRPL $1.1MM DD](https://www.reddit.com/r/wallstreetbets/comments/lcgce1/1100000_purple_mattress_yolo_update/) + * u/socialist_baby 's [$1.5MM YOLO on NVTA](https://www.reddit.com/r/wallstreetbets/comments/le81ca/15m_nvta_yolo/) + * I can't even find the others that I had in mind using the search tool because the entire list of YOLO's and DD's is filled with GME and AMC karma farming. +* And you've now begun brigading WSB from r/GME. + +You have formed a cult. You've now decided, amongst yourselves, that anybody who is not in on your play and wants to discuss other things is just a paid hedge fund shill. Do you think that's a healthy mindset? + +If this is the investment that you truly want to make, and you feel you have an understanding of the risks, then fucking ***let it rip.*** I hope it works out. Seriously, I want you to make money. I like Gain porn a lot more than Loss porn. + +But stop bullshitting. Stop brigading. Stop spamming. + +You're driving us nuts. + +&#x200B; + +https://preview.redd.it/h7xqt1iw97g61.jpg?width=466&format=pjpg&auto=webp&s=bc87b50bb806d2bedbb5aa0c3fa1ff56d19660b2 +I guess this sub is appropriate for me now. + +Basically for the past few years Iā€™ve been slowly accumulating different crypto coins, and one mistake caused me to lose everything. + +Because my portfolio grew very quickly, the majority of my networth was in crypto (like 90%), so I guess another mistake was not taking profits. Iā€™m a student, and that was life changing money. + +Iā€™ve got scammed and revealed my private key, and my wallet was wiped clean. + +I guess I can only cut the loss, and start from zero. Going to buy some ramen right now. Peace. + +Be safe and careful. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +This is going to be painful to write. Iā€™m so ashamed about my financial troubles that I canā€™t even go to my family or experts for help. + +I just turned 30 this month. Iā€™ve never owned a savings account. I make $100k a year, and yet, Iā€™m living paycheck to paycheck. This has got to end. I had a serious wake up call this week and Iā€™ve finally admitted to myself that my money habits are flat out disgusting and I need to get my shit together. The problem is Iā€™m so far from reality that I donā€™t know where to start. I grew up in wealthy family. Iā€™ve always been that annoying rich kid, only child, that everyone hates. I never cared about budgeting because if worse came to worse, I could always go running back to mommy and daddy. Enough is enough. + +I donā€™t know where to start guys. Most of all I want to start saving, but I donā€™t know how much I should be putting away each paycheck. For the first time I looked at all my expenses and made a list of things I needed, and things I could live without. I was able to cut that list of things I can live without by 80%. Below is a list of things I need, plus a few luxuries I really donā€™t want to take out of my budget. + +Monthly Expenses: + +Rent - $1000 (utilities all inclusive) + +Child Support - $1000 (one child) + +Daughterā€™s Summer Camp - $400 + +Car Payment - $329 + +Car insurance - $268 (DUI from 2013, crash my fault 2018) + +Health Insurance - $500 (for both me and my daughter) + +Food - ?? (I donā€™t know because I eat out every meal and this needs to change) + +Gas - $0 (I get gas for free at work) + +Streaming services - $40 + +Green stuff - $320 <ā€” this number is no longer accurate. I can get what I want for half this. $160 + +I should also mention that I donā€™t own a credit card. Even if my credit was good enough to get a credit card, itā€™s probably a good idea I donā€™t have one until I get my shit together. + +I feel like I may need some professional help. Are there any classes or online services that I can look into that will teach me about money and saving? Is financial therapy/coaching a thing? Iā€™m willing to do anything to change my ways. Any advice is much appreciated!!! + +EDIT: I donā€™t know why this is formatted weird. This is not how I formatted it when I wrote it. + +EDIT: I left out a very important detail. I recently went to rehab and got sober from booze and pills. When I was under the influence I would pretend Iā€™m rich and spend like a crazy person. Now that Iā€™m sober Iā€™m realizing that I have no discipline when it comes to money and thatā€™s why Iā€™m wanting to make this change. The budget above is me not blowing my money on booze, pills, and impulsive spending. +What's the overall verdict? I'm sure the answer lies in the middle. + +Having to pay employees more (at corporations/companies who do attempt to give cost of living raises) and having your entire supply chain cost more is a problem. Can you pass 100% of the inflation-related expenses on to your consumers? I don't know. + +Sometimes the market goes up, up, up and the advice passed around here is "billions of dollars need return! bonds too low, inflation good!" + +Then the market goes down and we get news articles about fears of inflation. + +Inflation is here. We're like 38% higher than we were on 02/14/2020 (right before COVID crash) on the S&P. $337 -> $467 on SPY. Far more than the typical 7-10% we see touted around these forums. It hasn't caused the market to stop climbing yet. +Adding body because I have to but the title says it all. Letā€™s stop FUDing people who have the means and experience to buy calls and let them fucking buy calls. Clearly this is the way as well as the obvious BUY, HODL, DRS! Something fucky is happening here tonight and we arenā€™t going to let this one slip under the radar. + +Edit: adding link to Charles Gradante vid - [Charles says it all](https://m.youtube.com/watch?v=OChaTm0To1U) + +Edit: No, I am not giving financial advice. No, I am not telling anyone to buy calls. I am just sick and tired of seeing people who mention options being called shills and downvoted. Everyone should 100% make their own decisions and play within their own means. If you want to stay away from buying calls, thatā€™s cool too!! I hope that clears things up - I love you all <3 +Hi everyone, I just released a new article for my "In the Spotlight" series. + +In this article, we talk about **Crocs Inc. ($CROX)**. Crocs has had an insane run where it rose 2000% from March 2020 lows due to covid tailwinds. Currently, the stock has decreased 64% since its all-time high back in November of 2021. + +In this article, we go a little bit more in-depth about what to expect next and what to look out for. + +Check it out by clicking [HERE](https://stockinfo.substack.com/p/crocs-inc-crox-just-an-ugly-shoe?r=19pqks&s=w&utm_campaign=post&utm_medium=web) + +Where do you guys think $CROX will be in one year? +So my tuition needs this summer are $3K, bank said they can give me up to $8.5K, fixed interest at 12.5%, deferred payments until I graduate. + +Iā€™m graduating in computer science, currently intern at $20 an hour. + +Iā€™d really like the $5K as cushion money, as well as, the last semester, (graduating this December), I donā€™t intend to work and just focusing on school. + +I have $2.5 K in savings, living with parents, rent $2-300 USD for the summer. + +Should I just continue saving from my internship, or take the loan money as an extra cushion? + +Idk, Iā€™d really like the peace of mind knowing I can relax and focus on my studies. But also donā€™t want to f myself after school paying these loans off + +Edit: Thank you for the harsh love everyone, I will not be signing the loan. + +Instead, I opened a Amex credit card, 12 months 0% intro APR, and hey, I get $350 back for paying my loans. This is more sensical, thank you everyone +I've noticed some people find it hard to empathise with people who have been or are currently in a situation where they are drowning in debt. Maybe because a lot of people on this sub are doing well financially... but there is that underlying judgment that being in debt is all a matter of wrong behaviour, lack of self-control, or lack of motivation. While that may be true, I'm sure it's not always the case. + +So for those who are or have been in a lot of debt, I would like to know what your real story is, how did you get in that situation and what are your plans to get out of it? If you are finally debt free, how did you do it? +Top 5 cryptocurrencies by market cap. + +1. Bitcoin (BTC) +2. Ethereum (ETH) +3. Binance Coin (BNB) +4. Tether (USDT) +5. Solana (SOL) + +Out of these 5 only 2 are decentralized - Bitcoin and Ethereum. + +The other 3 are centralized - Binance Coin, Tether and Solana. + +When Satoshi created Bitcoin, Iā€™m pretty sure this not what he wouldā€™ve wanted. He wanted a decentralized peer-peer payment system. + +Later, Vitalik used its technology to create a smarter network. (Doesnā€™t mean better). + +Decentralization is so important due to so many reasons - the main one being freedom. + +At any moment centralized cryptocurrencies can suspend transfers or create 100 million more tokens making your stack worthless. + +Cryptocurrency is a way for a decentralized financial system. Giving power to people! +***TL;DR:*** Have been dealing with a traditional, abusive family my whole life. Heavily restricted with a strict curfew. Want to escape but need to plan. *After I leave, I'll be completely alone and will have to start from zero.* Will stay in current job for 1.5-2 more years before renting outside London and cutting my family off. Have Ā£20k in savings increasing by Ā£1k each month. Will find a new job and buy a flat as I rent, then move into the flat. How do I be an adult on my own? How do I be successful? + +Gosh, where do I even start? This is a finance sub so I want to keep the non-finance stuff short but feel like I can't talk about the finance stuff without some context. + +**So here goes**....I need to change. This *isn't* the whole story but: I grew up in an abusive home and I'm still here. I grew up physically and emotionally abused. I was hit A LOT. My family are *very* traditional and cultural. I have a strict *curfew* and I'm not allowed out for any reason other than work (unless "approved" by my mother e.g. appointments). I'm depressed and trapped. In 2019 they tried to force me into a marriage to someone abroad in my "home" country (I was born and grew up in England...), because I was losing my way as my mum found out I was seeing someone. Dating is strictly forbidden. My dad got me out of it (for selfish reasons, he still believes in the culture, is just as unreasonable as my mother etc). They can't be reasoned with. According to them, I'm now old and no one will marry me, but they still try to marry me off. + +My mum always screams at me, says I'm useless among other things, every bad name you could imagine. It's not in my head, I have recordings. She says I'm too *whitewashed*. I'm not allowed to do so many things, I can't have any hobbies or make friends. I have no friends and I'm completely alone. I grew up super sheltered. I want to escape and have wanted to ever since I was a teenager. *I'm alone and have no support so have to take matters into my own hands*. Who would believe useless ol' me? I can't make phone calls in the house unless necessary. My bedroom door has to stay open at all times. The only thing holding me back from escaping before was that I was afraid of what my family and extended family would think of me...They would say I'm shameful etc. They would hate me. But I've become disillusioned with life and heartless over time. I don't care. They hate me nonetheless. + +**So here's my financial background:** + +1. I have Ā£20,000 in savings and can save Ā£1,000 a month (I so want to increase this) +2. My take home is around Ā£1,394 a month. So that's after tax, NI, pension etc. I pay 6% into my pension, my employer also pays 6% +3. I've been in this job since August. I was laid off from my previous job (was an apprenticeship) in July 2020. I still managed to finish my qualification though. My probation period ends next month but I've received very good feedback so far and I'm hopeful I'll pass +4. My Ā£20k is kept in premium bonds and this is where my Ā£1,000 a month goes. I know it's stupid but I'm hopeful of winning something. Anything more that I can save goes into my Marcus easy-access which I currently have around Ā£300 just as fun money to be used only if I run out of money in my current account +5. I keep around Ā£300 a month in my Barclays current account for things like spending (e.g. clothes), the occasional takeaway. my phone bill, the random lottery ticket, travel when I'm not working from home etc. I also have around Ā£100 in a Starling account just for the hell of it. At the end of the month, if anything is left over from my current account, I put it in premium bonds or Marcus +6. I have a court claim going for Ā£1,000 (I'm the claimant) but I probably won't see that money and don't expect to + +**Here's my plan:** + +* Stay in my current job for 1.5-2 years (for a few reasons, but I can't move out until this is over). My job won't let me WFH full-time, but I also don't want to tell them my situation +* Meanwhile, save Ā£1,000 a month but hopefully get a raise next year which would enable me to save more +* Learn to cook, I've been watching videos online. I want to learn other life skills too...any ideas? I've thought about learning Spanish because I like the language. Note: I can't do anything openly, it has to be things I can do in secret, like on my laptop watching videos...e.g. I can't *practice* how to cook, can't speak Spanish loudly +* In a year, book a storage unit and slowly move my stuff in there (e.g. clothes). I'll get suitcases to move my stuff into so I can just grab at the last minute but I need to do it slowly without my mum noticing. So a few clothes at a time (that can fit in my backpack) and multiple trips to the storage unit which has to be close to work because I can't travel/use time outside my curfew +* Look for places to rent. I want to move out of London to somewhere cheaper (won't say where) but it's easily commutable to London. I'll book time off work when I need to travel there +* Settle on a place to rent, secretly of course. This will be a month before I actually leave my parent's house. I'll quit my job and serve a month's notice, then look for work in the new city (I want to be employed at the time of settling on a place, I'm more likely to be accepted by a landlord that way, right?) +* Take care of a few loose ends (unregister from my GP, dentist etc for example) +* On the day of the "escape", I'll grab things I need last minute like birth certificate, passport, few other things. Most of my stuff will still be in the storage space in London (bear in mind I'll be paying a fee per week to keep my things there) +* This will be in the morning where I'll pretend it's just another day where I'm going to work. But I'll actually go to the storage space, grab my stuff and travel to the new city. Once I'm there, I'll go to my place I'm renting. And... I hopefully know how to cook now +* That day, I'll text my aunt and tell her that I'm not coming back, my reasoning etc. I don't trust my aunt at all (my mum's sister) but she's got the loudest mouth and I trust she will sing from the rooftops about the shame I just inflicted on them all +* I'll then change my number and cut off contact with all of them otherwise they *will* harass me. I can never contact any of them again. Over the next couple of months I'll vigorously job search. I'll also change my last name, I can't have any ties to my old life. I'll dye my hair and join a gym (exciting, right? I've never been allowed to do that before). They can't find me else they'll hurt me. I'll drop Barclays as a bank (any ideas of better ones?). Might drop Starling too. Will change my address everywhere. +* My search for flats to *buy* will begin. Ideally, I want to buy within that city...Hopefully I'll be gainfully employed during this process else that will probably mess with all my plans to buy... + +Whew! That's it. That's my plan for the next 2-3+ years. I've told no one apart from you guys and will keep it that way for my own safety. After I leave, they'll *never* forgive me. They'll try to find me, but I'm hoping they never will. Something will go wrong along the way, so I still need back up plans to prepare for contingencies. What am I missing? + +Thank you so much if you got this far and have read the whole thing ā¤ļø! + +**EDIT:** Oh wow, thank you all so so much for your input! Sorry if I haven't responded to your comment or message in particular...I've read and continue to read through all the posts and messages coming through! I'm so overwhelmed (in a good way!) with all the support and didn't imagine this post would be so popular with the wonderful folk on this sub. You guys are amazing! And thank you to all who have generously given my post an award, especially the gold (OMG)!! Thank you kind strangers! I'm so thrilled to have so much support! I couldn't thank you all enough for taking the time to read through my post and offer any advice and/or supportive words! I feel a lot better today and feel like I've got more power in my hands than I thought because of all of you! I will keep you all updated on my situation through this postšŸ˜Šxx +So, if you look at the Cohen/Icahn pic you clearly notice the Computerchair behind Icahn. If you look closer you can see the little table next to Ryan, but it is far too low for the computer chair, the chair generally doesn't fit the surroundings. Cohen has shown his eye for detail in previous tweets, that chair is there specifically to reference Computershare. + +Icahn Enterprises has $27 billion assets under management. Looking at his current 15 investments, his average investment size (excl. Icahn Enterprises) is $500 million, enough to DRS \~20 million shares. + + I would be pretty fucking terrified if I was shorting against these bosses. +Link to a Tweet of Hudson: https://twitter.com/hudsonjameson/status/1097546558332121088?s=19 + +I hope Afri is not in serious danger. I am very grateful for what he has done for the Ethereum community. Maybe he was with one foot out the door already. Afri did not make the impression on me to back away from some criticism. + +By the way I am strongly against the personal attacks against Afri. However, there were also some valid critical comments against Afri's statements and actions. You cannot just take the stupid overly-aggressive and personaly attacking outliers and say: "Oh yeah the Ethereum community overreacted". + +Of course there are some idiots who attacked Afri personally, which does not help anyone and I am sure the majority of the community agrees with me. But there is also no denying that there was valid and constructive criticism coming from the community, which also had a lot of support. + +I wish Afri all the best for the future and if he makes his mind up what he really wants and which projects he wants to fully support, and one of them happens to be Ethereum, from my side he is always welcome. Maybe a little break is good for everyone, the community to calm down some stupid idiots and Afri himself to gain more perspective on his goals and outlooks for the future. + +English is not my native language, so sorry for all the mistakes :) + +Thank you Afri for your hard work. + + +were they the biggest reason for their success. I don't know much about Rennaissance Technology's history. I know the first crude models started with Leonard Baum which were then modified by James Ax, later modified by Berlenkamp, Strauss, Laufner etc. etc. until Brown and Mercer came and created a system based on speech recognition. that markets behave like speech recognition and machine translation (I could be bungling this up) +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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In the past I was able to find buildings that need a lot of cosmetic repairs and fix them up and rent them and I was quite successful at it; 10-15% CAP rates after renovations. Ever since covid I canā€™t seem to find anything worth my time everything is overpriced. There are buildings that I was looking at 2 years ago that are now selling at 100%+ over what they sold for in 2019. + +I am analysis at least 1-3 properties per week, but so far nothing seems to make financial sense. I am putting most of my savings in the stock market now as I donā€™t see the point of taking on a 1-4% CAP rate when I can get 8% in an index fund. I get that the RIO will be much more, but I donā€™t like using RIO as a measurement of return. + +I guess what I am asking is how are you finding buildings worth your time, effort and investment ? +I just got 4,781 EUR invoice for 4 days car rental from Avis. In the invoice it states that odometer showed 804,854 km at return, and that I need to pay for 16,677 km at rate 0.23 per km. Those numbers doesn't make any sense. I only drove like 300 kilometers. + +I've seen that others have experienced similar situations with car rentals, are they doing this to mess with people or is it just a "honest mistake"? It seems to happen too often. What the hell is wrong with car rental companies? + +And this was the time when I was in a rush and forgot to take the photo of odometer at the return, so technically I have no solid proof? Though those numbers are just too unbelievable, it's not even physically possible to travel this kind of distance in a damn Peugeot, maybe with a space ship.. + +I've already contacted them but haven't received any response yet. I hope that it will be resolved. + +I guess this is a reminder to others that you should ALWAYS take all the proof you can when returning the rental car. + +Numbers in invoice: + +Total Distance Driven : 7,877 km + +Miles/Km at start : 545 + +Miles/Km at return : 804,854 + +Kilometres 16,677 @ 0.23 = 3,835.71 Eur + +[https://imgur.com/a/2Fp8y1X](https://imgur.com/a/2Fp8y1X) + +[https://imgur.com/w21GysR](https://imgur.com/w21GysR) + +&#x200B; + +**Update 1:** + +Today (22-12-2022) I got response from Avis that they have issued a refund. Still haven't received it yet but they mentioned that it could take 3-5 business days. + +I created ticket in [https://avis.us.abgcustomerservice.com/](https://avis.us.abgcustomerservice.com/) and also sent direct email to rental location office. Though there I didn't get any actual response. + +Then today I found direct manager contacts through [https://www.elliott.org/company-contacts/avis-budget/](https://www.elliott.org/company-contacts/avis-budget/) (the site was mentioned in comments, thanks for that), and customer support manager replied very soon that they have confirmed the error and refund has been issued. + +I hope that this is the "happy ending" of the case. + +Anyway this caused quite some stress to me and I spent several hours in finding contacts, writing emails to Avis and my bank - for something that was not my fault and should have been noticed and handled automatically on Avis side. +It looks like St Paul, MN, is going to pass a Tenant Protection law which, for the most part, is acceptable. + +However, they require landlords to provide just cause for nonrenewal of lease. In other words, renewal is automatic unless the landlord has a "good" reason. I find this provision totally unacceptable. If I don't want to renew a lease, I'm not going to. I reserve the right to determine who is my customer (tenant) and who is not. If a tenant gets through screening and turns out to be a pain in the ass, they are going to move. I've used this remedy once in the past 20 years to get rid of a tenant that had an adversarial relationship with me - I just didn't want to deal with pain in the ass tenants. + +In retaliation for this stupid law, I'm 1031 exchanging my SFH rentals in St Paul, MN and requiring owner occupancy as a condition of the sale. Not enough housing now? I will make sure there are fewer rentals in the future! + +If you have SFH rental property in St Paul, you might consider doing the same to send a message that these highly tenant biased laws are not acceptable. Dallas has a great rental market and reasonable landlord tenant laws. +https://nvidianews.nvidia.com/news/nvidia-announces-cpu-for-giant-ai-and-high-performance-computing-workloads + +ā€œNVIDIA today announced its first data center CPU, an Arm-based processor that will deliver 10x the performance of todayā€™s fastest servers on the most complex AI and high performance computing workloads. + +The result of more than 10,000 engineering years of work, the NVIDIA Graceā„¢ CPU is designed to address the computing requirements for the worldā€™s most advanced applications ā€” including natural language processing, recommender systems and AI supercomputing ā€” that analyze enormous datasets requiring both ultra-fast compute performance and massive memory. It combines energy-efficient Arm CPU cores with an innovative low-power memory subsystem to deliver high performance with great efficiency. + +ā€œLeading-edge AI and data science are pushing todayā€™s computer architecture beyond its limits ā€“ processing unthinkable amounts of data,ā€ said Jensen Huang, founder and CEO of NVIDIA. ā€œUsing licensed Arm IP, NVIDIA has designed Grace as a CPU specifically for giant-scale AI and HPC. Coupled with the GPU and DPU, Grace gives us the third foundational technology for computing, and the ability to re-architect the data center to advance AI. NVIDIA is now a three-chip company.ā€ + +Shares up 4% on the news wonder what that means for the ARM deal + +Edit: https://www.globenewswire.com/news-release/2021/04/12/2208550/0/en/NVIDIA-Announces-First-Quarter-Fiscal-2022-Revenue-Tracking-Above-Outlook.html + +Raised guidance too wow +It's like that moment in the Big Short when Burry says, "I think what you're trying to say is, you've now acquired a net short position and now can evaluate my swaps properly." + +Their behavior is directly connected to what side of the trade they are on. Period. + +If shorts had closed and they weren't getting crushed, they'd be quiet about it and let each of us hang ourselves, and would not be trying like crazy to stop it. + +edit: TL:DRS +I figure this is one of the more common dreams traders have. + +I travelled Europe, Africa, and Asia trading on the go for 6 months + +Lots of Pros and cons. Ask away! +To quote one user on the matter. + +>I mean, as the name implies, it's a study and critique of capitalism (and the classical economics of the time) that stands unchallenged for 150 years and counting. Everything that has come since in the field of economics has been in reaction to Das Kapital. +The fact that its publication is alone responsible for forcing the shift in bourgeois liberal economics from classical to neo-classical, Keynesian, whatever, and that none of it has managed to "disprove" or make Marx obsolete in any way whatsoever, should tell you just how much of an influence Das Kapital truly was, and still is, on everything in economics and politics. + +>Only one group of economists were not caught off guard by the crisis in 2007/2008, and it sure as shit wasn't the Keynesians... + +Links to sources would greatly be appreciated. Thank you. +What do you guys think of this takedown of Yunnus' theory of microcredit? + +https://www.theguardian.com/global-development-professionals-network/2015/jun/10/the-microfinance-delusion-who-really-wins +Pardon me if this isn't a relevant enough post but I figured this group would be uniquely helpful. + +I just discovered this sub two days ago and I'm so glad I did! Great insights. + +Anyways... + +Wife and I just got back from Wailea on Maui a few days ago and it's the first place the wife has said she wants to actually move to. We're in Chicago and while I absolutely love it, the winter weather is terrible. + +So has anyone looked into having a second home in HI? + +Not to get too much into my situation but we would have options but I'm wondering if there are places you all would recommend checking out? I saw Maui and would move to Wailea in a heartbeat, but I want to make a more conscientious decision than that. + +Our preferences are: + +\*Views +\*Good golfing for me (loved the Wailea golf club) +\*A walk-able neighborhood + +The other stuff we care about, like adventurous things to do, we already know is available pretty much everywhere in the state, so no worries there. + + +We are trying for kids and I understand the school system (perhaps even private) is pretty bad in Hawaii so we would likely spend a lot to most of the year in Chicago, but we'd love to hop over whenever and bring family as the wife and I want to be close to them and our parents are starting to show their age. + +I plan on posting in some Hawaii subs but to be frank, I wanted perspective from those with larger budgets. + +Thanks! +I've been trading for about a year and a half and I'm still clueless as to how you lot find these multibaggers. I do alright, but absolutely nothing compared to some dick swingers here. I have invested time and effort into research and learning some novice technical analysis but it really isn't doing anything. It's pretty fcking obvious most of these stocks don't come from reddit because a majority of the rockets here are absolute duds, P&D's and speculative shite (no disrespect, I love the community lol. You mad fuckers). So a question for the more experienced investors and traders - how do you go about finding stock to hold for medium - long term with large returns? Is it dumb luck? Accidental? Technical Analysis? Insider circle jerk? Granny left you her CSL stocks she purchased for a couple of cents and a milk dud? Help a bloke out. Cheers lads. + +Currently holding + +AVA (0.622) +DC2 (0.586 lol) +DW8 (0.029) +EFE (0.012) +EMN (0.242) +KLL (0.200 +TPW (9.8 yesterday for a swing) + +Edit: I regularly make swings, most recent was SRNO and ESRO. +Edit: Some Apes are making good points regarding this being an unlikely connection. I will leave the post up unless a mod asks me to remove it, but likely a coincidence Apes. ALTHOUGH the timing and the chart similarities are just fucking weird. + +Edit2: u/snowbagels draws attention to DDoS... +"As someone who works in tech, and who sees their CDN (content delivery network) was the culprit, I have four words: Distributed Denial of Service (DDoS) attack." + +ā€œDistributed denial of service (DDoS) attacks are a growing threat for content delivery network (CDN) administrators. A DDoS CDN attack uses malware to take control of thousands of computers, often referred to as botnets, and direct them to flood a particular CDN with so many requests that it cannot adequately respond to legitimate traffic.ā€ + +https://www.akamai.com/us/en/resources/ddos-cdn.jsp + +Iā€™ve got raging confirmation bias. Turns out the error returned when denied access to these sites was error 503. + +ā€œThe internet was brought to its knees Tuesday, with 503 errors showing up across the news outlets and websites. A fix came just over an hour later.ā€ + +https://www.cnet.com/news/fastly-outage-how-and-why-it-just-broke-amazon-reddit-paypal-twitch-and-much-of-the-internet/ + +What is error 503? + +ā€œAn Error 503 is essentially a sign that the website's server has been comprised by a temporary overload (or sometimes purposeful maintenance). A DDoS attack (short for Distributed Denial of Service) is when a malicious party flood the bandwidth or resources of a specific system.ā€ + +https://www.inverse.com/article/33523-what-is-an-http-error-503 + +This is not a coincidence. Also, note a lot of people use twitch to stream their trading content and are stating theyā€™ll be hosting the shareholder meeting on twitch tomorrow as well. Reddit is the primary source of communication for GME discussion. + +Holy shit. Say what you will, but thatā€™s an awful lot of coincidences. + +Edit3: u/ethervillage +Initially, I thought, ā€œOK, here we go, tinfoil hat timeā€. However, having worked in IT for close to 30yrs, my mind was changed after I read this. The amount of investment Citadel has in Fastly really isnā€™t important. The important part is that they are both connected financially. For this reason, and knowing how totally corrupt these dirtbags are, I find it absolutely believable that a DDoS attack would originate from Fastlyā€™s network (as the BBC has stated), in order to impede the inescapable MOASS thatā€™s coming. If they did impact network traffic, itā€™s a very, very good bet they will be doing it again as needed. Who cares if itā€™s illegal? Whatā€™s anyone going to do? Litigate? Maybe. If so, that will take time, something these criminals are in dire need of. This could be very important and I hope gets more attention. + +HODL šŸ’ŽšŸ‘šŸš€ + + +BBC report today outlines how Fastly was responsible for the widespread internet issues.. + +[https://www.bbc.com/news/technology-57399628](https://www.bbc.com/news/technology-57399628) + +&#x200B; + +https://preview.redd.it/0jk76dfkw2471.png?width=976&format=png&auto=webp&s=5915f21167e602733876d20f1f4fdf5f494a757d + +## Citadel Advisors Llc ownership in FSLY / Fastly Inc + +[https://fintel.io/so/us/fsly/citadel-advisors-llc](https://fintel.io/so/us/fsly/citadel-advisors-llc) + +# 2021-05-21 - Citadel Advisors Llc has filed a 13F-HR/A form disclosing ownership of 711,702 shares of Fastly Inc (US:FSLY) with total holdings valued at $47,883,000 USD as of 2021-03-31. Citadel Advisors Llc had filed a previous 13F-HR on 2021-02-16 disclosing 186,971 shares of Fastly Inc at a value of $16,335,000 USD. This represents a change in shares of 280.65 percent and a change in value of 193.13 percent during the quarter. + +Citadel Advisors Llc has a history of taking positions in derivatives of the underlying security (FSLY) in the form of stock options. The firm currently holds 899,400 call options valued at $60,512,000 USD and 1,010,500 put options valued at $67,986,000 USD . + +Other investors with positions similar to Citadel Advisors Llc include [LPL Financial LLC](https://fintel.io/so/us/fsly/lpl-financial-llc), [Ameriprise Financial Inc](https://fintel.io/so/us/fsly/ameriprise-financial), [Comprehensive Financial Management LLC](https://fintel.io/so/us/fsly/comprehensive-financial-management-llc), [State of New Jersey Common Pension Fund D](https://fintel.io/so/us/fsly/state-of-new-jersey-common-pension-fund-d), [Treasurer of the State of North Carolina](https://fintel.io/so/us/fsly/treasurer-of-the-state-of-north-carolina), and [Neuberger Berman Group LLC](https://fintel.io/so/us/fsly/neuberger-berman-group-llc). + +&#x200B; + +## + +Edit for Fun: + +&#x200B; + +[Hmmmmmmmm..](https://preview.redd.it/1ig2ng9p33471.png?width=454&format=png&auto=webp&s=d8b3d82bf04d82d7482803defbc9340830a8a64d) + +&#x200B; + +šŸ’ŽšŸ’ŽšŸ’ŽšŸ‘šŸ½šŸ‘šŸ½šŸ‘šŸ½šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ļæ½ļæ½ļæ½ļ潚Ÿš€šŸš€ +[https://i.imgur.com/DxM4SwP.png](https://i.imgur.com/DxM4SwP.png) + +I've borrowed and dumbed down this chart from [this savant's post](https://www.reddit.com/r/investing/comments/l97jbo/gamestop_big_picture_market_mechanics/). + +As the free-flowing stock dries up (due to ppl buying and holding), the volatility increases. It becomes easier and easier to move the needle with less money. As long as you keep holding and buying, the volatility will only increase. **Expect huge swings in the next few days.** + +Hedge funds know this. They tanked the stock this morning. Right now they intentionally leveling the demand to keep the stock price stable; to make it look like the ride is over. + +HOWEVER + +The short float is still high, and the [volume has been steadily decreasing](https://i.imgur.com/eRH3S2b.png). + +Furthermore, [institutional ownership](https://www.nasdaq.com/market-activity/stocks/gme/institutional-holdings) only picked up about 12m shares, and some of those went to institutions that were long not short. Now maybe I'm misreading this, or maybe they're fudging the data, but I just don't see how the shorts covered their position with this measly volume. + +|ACTIVE POSITIONS|HOLDERS|SHARES| +|:-|:-|:-| +|New positions|46|12,880,726| +|Sold out positions|34|3,412,841| + +\-- + +Keep in mind the VW squeeze happened with far less short-interest than is currently in GME. The main problem is that retail investors, unlike huge firms, can't vacuum up all the supply fast enough, which enables the hf to slowly wiggle their way out buying up paper hands. They've likely exited their worst short positions and reshorted at a better price. + +Some people are saying the squeeze might be more of a slow gradual upward pressure, rather than a sudden event. The truth is that the hedge funds are walking on a tightrope, and this stock is still extremely volatile. Any big movements in demand can drastically impact the price. + +\------ + +Disclaimer: I am a poker player, not a day trader. In poker, this is what we call an "implied odds play". The risk is relatively small for us bulls (relative to the short position), but the expected value is potentially huge if it works. But these plays are still risky despite being +EV. **You have to be prepared to ride the swings and embrace the variance.** + +*This is pure, uneducated speculation, not financial advice.* + +**TL/DR: Grit your teeth and brace for swings. Shit's about to get nuts.** + +^(Edit: deleted the thing about being put on the short restriction list \[I screwed up the dates\], and added the institutional ownership thing) +I first bought ETH on Jan 16th. At my worst, my portfolio was -75%. I'm now at -15%, and it looks like I'm hitting the 0 soon. Gonna celebrate that 0 like it was 10x, bois. +Everyone needs to read this: + +[https://www.reddit.com/r/Superstonk/comments/movevb/dance\_of\_darkness\_the\_sec\_and\_dark\_pools/](https://www.reddit.com/r/Superstonk/comments/movevb/dance_of_darkness_the_sec_and_dark_pools/) + +630 million share data confirmed by TD. + +There is a tonne of great DD in this post. read it, then read it again, then understand it after reading it again. + +PRO tip: on android device long hold over text, select all, select 3 dots on right, select "read aloud" + +This helps me digest those extra long DDs + +\*marked at possible DD to bring attention to the real DD linked\* + +EDIT: I DON'T WANT YOUR UPVOTES, I DON'T WANT YOUR AWARDS. I WANT YOU TO READ THE ATTACHED POST + +I couldn't care less about Karma, even less about fake awards. I am not HODLing GME for Krama! + +NOTE: The OP doesn't say he called TD in the post, he says it in the comments do a search for "Yea that's why I posted the screenshots (also called TD to confirm so yea their legit)" you will see it. + +I'm just tryin to bring attention to the OP, not to me FFS +Hello! I have been struggling for quite some time. Being a single mother is very challenging and also rewarding. 4 months ago I fell on hard times ended up in a shelter. I would like to say that today my credit has improved, I moved into my apartment yesterday, will start a better job come the New Year, son starts preschool, and things are looking up. +U.K. ā€” $3.1 trillion in 2007, $2.7 trillion in 2020 (-12.9%) +France ā€” $2.9 trillion in 2008, $2.6 trillion in 2020 (-10.34%) +Germany ā€” $3.73 trillion in 2008, $3.79 trillion in 2020 (+1.61%) +Italy ā€” $2.4 trillion in 2008, $1.8 trillion in 2020 (-25%) + +Source: World Bank +My state has an initiative on its ballot this year. To raise its minimum wage yearly for the next few years. + +My intuitive thought seems to be that if this passes. The people who make slightly above minimum would demand slightly above the new minimum to maintain there social position. This would logically seem to cascade all the way up the wage ladder. + + +So my question is 2 fold. + +1. Does raising minimum wage cascade everyone's wages up? +2. Is this a real increase in purchasing power, or is this just an inflationary trick?(ie numbers go up, but purchasing power stays the same) +At least when compared to countries such as Denmark. I saw one report stating that McDonalds workers in Denmark earn twice that of US workers. Are profit margins (for the owners) in the US that much higher or what are the reasons? Is there a report exploring this topic? +Thanks in advance! +Bit of hopetimistic discussion for a slow sunday in crypto + +You wake up, portfolio has moond overnight and the worlds your oyster, whats the first thing you do ? + +For me i'd get the mortgage paid off (boring i know) retire, then start looking for a nice chalet in the alps for a holiday home .... and probably one in spain aswell, thats the dream for me (sorry no lambo) then most likely spend a week on amazon going nuts buying anything and everything i see and just watch the parcels turn up till i get move to one of my holiday homes. + +We can dream can't we šŸ˜… +No triangles or memes here but if we look at the graph that everyone knows, [https://i.imgur.com/y2oqsV8.png](https://i.imgur.com/y2oqsV8.png), I can tell you why I believe we are in the bear trap phase, and not the despair phase. + +&#x200B; + +Smart Money: People like you, me, friends/family we convinced to get in, whales (rich trust fund kids/hedge funds) that were "smart" to realize the potential of cryptos while Joe Shmo is just hearing of it and thinks its a scam or just too risky. + +&#x200B; + +Institutional Investors: The same week that bitcoin futures was launched is when the price of bitcoin popped and it all went downhill from there, putting us into the bear trap. We are still in the institutional phase and we just had a huge announcement to get us out of the bear trap, that being Fidelity is providing a platform for institutional investors. SEC rules require institutional investors to maintain their assets with a third-party ā€œqualified custodianā€. Before Fidelity, the only place that had this was coinbase and that was launched last summer, but no large institution is going to want to use coinbase, just type in coinbase in google and you will hear countless nightmare scenarios (flash crashes, servers crashing during the most crucial trading times, security issues, locked accounts, you name it). Just imagine how difficult it would be for an institution, let alone their clients, to trust Coinbase with millions if not billions of their dollars. Hell you can't even talk to someone over the phone with Coinbase (except for "unauthorized access to your account"). Fidelity is providing a trustful platform for them (tons already use fidelty, its the fifth largest investment company in the world and if its coming here, you can bet its coming to other places like vanguard and blackrock (experts are saying this as well). Another reason they wouldn't want to use Coinbase is for liquidity. Meaning they don't want to have their money in two different places. If they put it in Coinbase, they can only buy crypto with it, well these guys like to move their money around a lot and don't want to be tied to one type of asset. If everything is in one account they can do as they please. + +&#x200B; + +Public Phase: This is when crypto trading comes to places that most people already have access to like Charles Schwab, E-trade, fidelity (retail), and currently robinhood (after they just removed the waiting list in January 2019. Joe Shmo would be much more comfortable buying something from a place he has been using for years but also not having transfer money out of his investment account into another account (bigger deal than you think, its a big step transferring money into coinbase and a much bigger step putting money back into Coinbase after you removed it from there). + +&#x200B; + +China (not a significant reason and pretty speculative): Their HSI stock market index has been only increased 5% since 2015. The nasdaq 100 has increased by 65% in the same time. Investors in China are growing impatient and irritated by the stagnant market. To combat this (and to protect their money from their government) they have been buying up properties like crazy in the US and Canada over the past few years. However the housing market has also been stagnate for the past year. Couple this with the year of the pig (hear me out). The Chinese are VERY superstitious, ask any Chinese person that is actually from China. They don't even have 13th floors in their buildings because its an unlucky number (they just skip that floor number, you would be called stupid and insane here if you did that), they also don't want a house with the front door facing the street because then their "money will run away", and for 8888 yuan ($1,300) was a major resistance level for Bitcoin because the number 8 is considered their lucky number and they would sell at this price. The year of the pig symbolizes a year that brings great wealth, they will use this as a reason to invest (call me crazy, I don't care), but remember that the Chinese have 50% of the money in the world. We also know that China also has 80% of the bitcoin mining pools, and more importantly that 20% of the cypto volume comes from China. + +&#x200B; + +Japan: Their largest bank, MUFG, 5th largest in the world, is developing a cryptocurrency that can handle a million transactions a second. They need to have this in time for the 2020 Summer Olympics because Japan's current financial system won't be able to handle the volume of transactions they expect during the event. Also its a solution to the government's plan to go cashless by 2025. We know that 40% of the crypto trading volume comes from Japan and so if Japan replaces cash with cryptos or even just becomes part of the economy, well then we know what this means. + +&#x200B; + +Lastly here is a technical analysis showing that we have hit bottom because BTC used the 200 moving week average as a support (couldn't show this with ETH because it hasn't been around long enough but we know ETH and BTC are correlated). + +[https://i.imgur.com/4gTu8fS.png](https://i.imgur.com/4gTu8fS.png) + +&#x200B; + +If we really are in a bear trap, I speculate the price could go to $4,200 by the end of 2020. + +&#x200B; + +For those who want to follow me [https://twitter.com/ScienceGuy9489](https://twitter.com/ScienceGuy9489) +I'm sure I've seen this topic discussed before. Can we dust it off? + +I think folks read gain/loss posts and find inspiration, envy, and sometimes pity. Poster's motivations could be helpfulness, pride, and/or cautionary. On its face reporting progress (good or poor) seems reasonable, but 1. there is danger in sensationalizing this strategy (especially for new folks), 2. most of these posts are unhelpful and add little (with the exception of some detailed explanation posts) 3. gain/loss only really makes sense (to me) in % terms, or net credit per contract when describing a play, whereas the "I made $x" is a little useless. + +As an olive branch, I'm glad we're not burdened with sidebar rules - I'm not suggesting a rule change. Maybe we could add tag for gain/loss posts? Maybe we could all be a little more careful when posting / upvoting / downvoting? Thoughts? My motivation is to steer us away from a 'wsb' atmosphere - which I think we've mostly avoided so far, but should be on guard for. + +&#x200B; + +Full, honest disclosure: Yes, OK, I fully admit my short call sides are getting wrecked because I miscalculated the exuberance in the tech market, and I'm salty that I have no gains to post... I think my points are still valid. And if you've posted gains or losses recently, I do sincerely wish you the best - no shade - just wanting the best for this sub because y'all are great. Thanks for reading. +That is about $2k more than 2017. It was ***rough*** to say the very least, but I still accomplished a lot. I carried a 4.0 GPA in school all year, and I managed to move across the country to a place that is much sunnier. Not experiencing seasonal depression has completely changed my life. I ate a lot of canned fish, plain rice, and oh so many bananas, but most importantly, I managed to survive. I'm happy I made it through. This sub has always been a place that made me feel less alone, and I am grateful for this community. + +Cheers to a new year, friends! + +edit: my first silver! y'all are a wild bunch. thanks again for being one of the best communities on reddit. +Im not too sure how to start so ill just do it, ive lived all my life in Venezuela, im a 29 years old IT guy moving in 3 days to Spain because of the increased danger of staying here... I only have 3k USD to my name that i saved after working for 9+ years and i have no idea what good habbits or stuff i should be aware since this is my first time living alone and money in my house was only enough to pay for bills and eat with restrictions. Does anyone here has been on a similar situation? Do you guys have any advice? im kinda scared since ill be alone and i have no "training" on how to budget or stuff like that. Thanks in advance to anyone who read this. +*Edit: I should've said i have Spanish citizenship since both my parents Spaniards. Sorry im not sleeping well and posted this late in the night. You guys are amazing, thanks so much for all the help. + +Now that you are fatFI and have RE, what experiences are you having with your children (8-14??) that you otherwise wouldnt be able to? + +What are your suggestions to the rest of fatFIRE community as it relates to how time and money can best be spent to bond with your children, teach them, and prepare them for their future in ways that maybe we haven't thought of, but have the capabilities to execute on now. +I have a ā€œIs this normal!?ā€ Question. + +Update at the bottom + +So my wife and I (30M/32F) made an offer on a house in Brisbane on Saturday morning, the agent said they would get back to us at 4pm. + +At 4pm she rang us and said there were 5 offers and we would have to increase to stay in the running. We did. This happened about 4-5 times, so effectively it turned into a silent auction. She would not tell us explicitly the price we were up against but kept letting us know we werenā€™t in the running unless we increased. +Each time she rang, We would discuss before texting through another offer. I imagine the other buyers were doing the same, also the owner, as the phone calls were 30-45 mins apart. + +My wife and I were at an afternoon bbq and started drinking socially. At about 5:30 we decided to bow out of the race, partly because we were sick of the process and wanted to enjoy the party. We arenā€™t in a hurry to buy, so we arenā€™t bitter about losing this particular opportunity. + +The whole process seemed dodgy though so I wanted to know if this is a normal practice? + + +UPDATE: +Re: ā€œJust put your final offer on the table and if not walk awayā€. In this case our final offer before bowing out was 63k more than asking price, and while I believe the asking price was under valued, no one would lead by overshooting the mark by that margin. + +Anyways Got a phone call from the agent this afternoon. +The story goes when it came time for the ā€˜winningā€™ bid to sign the contract, they wanted a special condition based on them selling their current house. The agent told me the owners werenā€™t keen on this. She verbally told me the exact dollar amount the winning offer was (asking price plus $73k) and asked if I wanted to match it. +There are some non-price criteria that gave us an edge here, the seller ideally wanted 90 day terms (worked perfect for our current rental lease end date) and we also were happy to go unconditional for finance (just conditional on building and pest). + +In the end I held out on asking price + $63k. +The agent took some time and then got back to me to say we missed out, a third party matched them at asking price + $73k. +I am ashamed to say I texted back offering asking price + $73k plus my non-price criteria but the deal was already done with Others. +Agent reckons Donā€™t worry Iā€™ll find you another house!ā€ + +So pinching pennies in the end cost us this deal. Never done this before though so at least we learned something I guess. +But jeez it would be a lot easier without the cat-and-mouse games. There is no denying itā€™s an effective tactic though. +I am a professional Tattooer of 10 years. I only could afford 5 shares average 76. If GME hits 10,000 I can open my own shop. I will name it Diamond Hands Tattoo. Anyone who held come by for your free retarded tattoos! Iā€™ll do all the rockets, all the apes, all the moons, alll those diamonds! Just Hold! + +Title edit: He/She/non-binary Apes +# Introduction: + +Welcome back to my weekly stock analysis. Disclaimer: I'm an android user, prefer windows/linux + +Apple Inc (NYSE: AAPL) +Sector: Consumer Electronics (Technology) + +## Company Strengths & Risks: +Apple is a Dow Jones, Nasdaq 100, S&P 100 and S&P 500 component. They are an American tech company out of California. Apple is the 4th largest PC vendor and is one of the most well known companies with almost cult-like brand loyalty. + +Strengths: +- Nice historical price appreciation +- S&P 100 and 500 component, Dow Jones component +- low payout ratios + +Risks: +- low yield (I know some of you care more for income than growth) +- High PE (historical average 22) +- Corporate greed with product design is becoming more apparent. +- low leverage +- cyclical free cash flow per share + +## Financial History and numbers + +AAPL: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/AAPL/dividends/dividend-growth) and [Macrotrends](https://www.macrotrends.net/stocks/charts/AAPL/apple/revenue) as of May 24 2021 + + +Stock | AAPL +-----------------------------|-------- +P/E Ratio | 28.06 +Stock price | $125.43 +Current Annual Payout/Share | $0.88 +Yield | 0.70% +5 Yr Div Growth Rate | 9.41% +3 Yr Div Growth Rate | 8.43% +1 Yr Div Growth Rate | 6.49% +Years Of Growth | 8 +Current Payout Ratio | 17.05% +Free Cash Flow / Share | 1.0183 +Revenue (ttm) | 325.406B +Debt / Equity Ratio | 1.57 +Debt / EBITDA | 1.09 +EPS | 4.48 +ROE | 11.80% +ROI | 31.7% + +AAPL is poised to offer great returns. The payout ratio suggests that AAPL is growing, as backed by the 0.70 yield. The PE ratio is very high but seems on par with historical 22 PE ratio. Revenue is growing. My biggest fear is really in the free cash flow. This is something I'd look into for further research. + +I will now use the 3 year dividend growth rate to project to the future. + +Year | AAPL +------------------------| ------- +2022 | 0.95 +2023 | 1.03 +2024 | 1.12 +2025 | 1.22 + +For another way, let's use historical payout ratio to project out. + +YEAR | AAPL +----------------------- | ------ +EPS estimate 2021 | 5.16 +EPS estimate 2022 | 5.31 +2021 dividend | 0.88 +2022 dividend | 0.91 + +## Final Thoughts: +AAPL isn't some unheard of company, in fact it's well mentioned. Why would I need to bring up the bull case? I hope to impart some of my views more than ā€œit's Apple, duhā€. + +####USER CASE +In terms of operating systems and functionality, there are 3 main choices. Linux is second most preferred for programmers (edited from most optimal for programmers), Windows is gaming oriented, and Mac handles the creative suite the best. [source for linux claim](https://www.statista.com/statistics/869211/worldwide-software-development-operating-system/). That is not to say that Windows can't run the Adobe suite. No. But, Mac seems to handle alignment and trackpads much better, the times that i've used Macs. + +Second, the iCloud is a highly underappreciated feature. Having all of your devices in sync by default is great. Needing to add OneDrive or Dropbox is a nuisance. Anyone who has tried to reconcile Git repositories will tell you that rebasing can be a pain. + +Next, User retention: AAPL handles thisā€¦ well, to an extent. AAPL is good at assuming people are technologically inadequate and provides accordingly. You can still go hop on the mac terminal and vim away, but for the most part, everything is low level. I don't like the high cost of entry that only seems to go exponentially higher, and don't like that Apple seems to be removing parts and repair policies just for more money. That being said, AAPL seems to be dipping its hands in everything. Apple Watch having messaging, and health capabilities, rumors of the car, itunes, safari, everything seems to just be meant to entice you to stay. + +####Epic Games vs Apple +I can't believe this is even a discussion but somehow it is. Let's start with the case. This all started as a breach of contract that was heavily planned by Epic. Under the App Store, Apple is supposed to receive a cut of all in game content to the tune of 30%. Epic games circumvented this by offering users a discount when paid via the epic gamesā€™ store. Upon immediate removal by Apple and Google, Epic launched a [PR campaign](https://www.youtube.com/watch?v=bPn_PGuYesw) fairly quickly. What should be an open and shut case is dragging out and dragging other franchises in. Some of the cruxes are: What is an app, What is a game, and is Apple anti-competitive? Roblox recently rebranded to an app because Apple classifies it as an app. + +Regardless of the anti-competitive outcome, to have the influence to change the classification of a game to an app is understated. AAPL might have to reduce the commission, and google will likely have to follow, but I dont think this affects AAPL as much as it hurts Epic. Apple can't be called a monopoly as it has to compete with Microsoft, Sony, Nintendo, Activision, and others. Just like how Microsoft bailed out Apple from bankruptcy, I think this will likely happen again unless a new competitor arises. + +The last thing, AAPLā€™s price seems to be converging between 124 and 126. What happens next could be a jump or crater in stock price. I look forward to seeing what happens. + +Weekly price estimate for a future date, via consulting the crystal ball: +Predicted price for AAPL for May 26, 2021: $124.42. There is no factual basis that I will give. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. If I have made a mistake, please correct me. Or if you have one that you want an analysis on, I might pick a comment to do an analysis of if I donā€™t have any spice stored for the week. +This morning I read an article how foreclosures will increase in 2021 due to the economic crisis we are in right now and govt. Regulations preventing evictions expire at end of year. Literally a few hours later another article pops up on my feed saying how housing prices are expected to continue to increase next year and into 2022! So which is it because I missed out on a home in my dream neighborhood about a year ago and am waiting for another one to pop up but not if its gonna be priced through the roof! I was hoping for prices to stabilize somewhat.....I am in south florida btw...so very high housing prices overall. +In terms of shares you were thinking seriously about buying but never bit the bullet for? + +Mine would have to be AMD after they got the anti-competitive settlement. I underestimated their ability to take on intel and have been very impressed watching from the sidelines +First of all, as someone from a third world country that's been sanctioned, all sanctions do is bring a famine to a country. (Looking at Syria, Venezuela.. etc) All those thinking they sit on a moral high ground calling for the hunger of millions of people are disgusting double standard subhumans that have no empathy for their fellow human. I've seen people dying of hunger in the streets and guess what ? The governments are still strong and standing cause this isn't a fairy tail where the good side always wins. + +Double standard cause the US have done far worse than this in literally every war they financed and/or were directly involved with, yet if anyone mentions this they're accused of being Putin apologists. + +I can't fathom how cruel some people can get and calling for the hunger of a whole nation because of the actions of their fucked up dictator ! Do you (americans) think that you, your families and tour children deserve to suffer and famined because of your government's actions in the middle east, Latin America and around the world ? Do you ? + +Fuck every single government. Power to the people. + +You don't understand the basics of decentralisation, it's NOT hooray decentralisation unless some with a different belief system is using it. God I hate this sub lately + +Edit : I mentioned the US doing far worse to point out that the American people DON'T deserve living in a famine for their government's actions, same like the Russian people or any other nation's people for that matter. Not because I'm pro-dictatorship like people are accusing me of.. but I think I won't defend myself anymore cause some people are so agenda oriented and so blind to the truth even if you hit them in the face with it, and will always see anyone who speaks out against the state media points as "Puting apologist" or "pro-dictator" or whatever new trendy name is used for public shaming anyone who thinks outside the flock +The US Federal Reserve is expected to raise its benchmark policy rate by half a percentage point for the first time since 2000 and formalise plans to shrink its $9tn balance sheet, as it embraces a more aggressive approach to tackling elevated inflation. What will be the consequences of this choice in your opinion? +Had a light bulb moment after chatting with a friend about spending money for no good reasons! + +Most of the time when ppl (like myself) buy stuff, itā€™s really to satisfy the feeling of searching , seeing something you like, and being able to purchase it. + +What if we convert that ā€œsomethingā€ to things that can be more sustainable and useful AND someday can grow your wealth? + +In my case, S&P 500 ETF! Or it could be any investment vehicle that have more stable growth. + +Hope you like this idea! +Im FAT FIRED baby (33) + +Sold at 29 a business I started at 18. Net worth 16m ish. + +With 2 young kids now, I am looking for a meaningful outlet, 2-3 days a week maximum to spend time for myself. The rest will be dad life. + +I am curious to see what people do here. + +I really enjoyed running a business but im worried starting another is a full time prospect that I dont want to commit to, but I loved the game. + +Thanks! +Last week, I watched the [Four Corners episode on Qantas](https://www.youtube.com/watch?v=iQKnazRIEc8), and then just yesterday, I read this news article: [Qantas boss Alan Joyce blasted over eye-watering salary](https://www.news.com.au/travel/qantas-boss-alan-joyce-blasted-over-eyewatering-salary/news-story/71e64aa20c9ebfdf8df630cbb97276b5) (namely $75 million from 2012-2020, and another $4.2 million from 2020-2022). + +Alan Joyce has been CEO of Qantas since 2008. He has attracted controversy over those years, but especially in recent years as the reputation of Qantas has been plummeting. Which raises the following questions: + +* Why does Qantas retain him if it seems like he's doing a bad job? +* Why does he have such a strong grip on Qantas? It's not like he bought Qantas. +* Can't Qantas replace him with someone willing to accept a smaller salary (even a quarter of that salary is still a lot)? Less salary for the CEO = more money to invest in the future of the company or more money for dividends. + +Also, why does Qantas love using non-disclosure agreements? A few years ago, I watched [Channel 7's episode on QF72](https://www.youtube.com/watch?v=0cS1SMptlnQ), and I was shocked to see how much censorship goes on at Qantas. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +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! + +This subreddit has officially out-done itself (which is quite the achievement). 100+ upvotes for a shitpost of this magnitude? + +Some clarity on the dumb strat OP was using there : a buy and a sell 5 pips away from news event. This might have worked on a demo because there was no slippage. In reality , on a live account, the clueless bugger would have been whipsawed out of both trades faster than he can type 'DEMOGAINZ YES SIR'. + +Whats more is that you get ridiculed when you call these dumb strategies out on the actual thread because you get blind newbies who are so enchanted by the quick buck mentality & take offence to you pointing out that they wont succeed doing the same dumb shit the OP did. + +Call me salty, call me hater... just dont trade the news RELEASE.. trade the direction after the news if you have a backtested plan that takes advantage of the situation. + +Im sure even the op can verify that he is on a demo + has no actual trading plan (if he is honest) - over to you [**u/FUCK50C1ETY**](https://www.reddit.com/user/FUCK50C1ETY/) +On my 18th birthday I went with my Mum and she helped me to open an ISA in my name, she told me that the money would be a present for my 21st birthday. She kept and withheld the amount deposited, and details to the account for that reason. I am now 24 and still do not have the details to the account. When I ask her about it, she says she doesn't trust me not to waste it. (I am responsible with my finances and have given her no reason not to trust me). + +She has also set up the same accounts with each of my siblings (who also do not have access). I am concerned she is using these accounts for her own interest. She recently received inheritance, which she may have hid in the accounts so that she could still claim benefits. I have no proof of this, but I wouldn't put it past her as she has committed fraud in the past. + +I have a complicated relationship with her. I appreciate that fact that she has put savings away for me, I am grateful however I don't feel comfortable that I do not have access to an account in my name. I plan on asking her to give me the details the next time I visit, however I know she will refuse. + +I know the bank, I could walk in and close the account myself however this will most likely result in a lot of conflict. I not concerned about my relationship with her, my youngest siblings will be living with her for at least the next 10 years, I don't want to jeopardise my relationship with them. If it weren't for them I would cut contact. + +Is there anything I can do? I appreciate any advice. Thank you. +I posted this in r/personalfinance and they directed me here! I am posting on behalf of a friend who asked me for advice. He has been going through interviews with a large multi-national company. Currently, he works for a smaller company in the same field. After his most recent interview, they sent him an email saying they would like to proceed with the hiring process, but in order to proceed, they need him to "kindly" provide his current salary and benefits. They also asked him for his "salary expectations." The job market here in Spain is quite tough, so he does not want to jeopardize the job, but obviously his current salary should have nothing to do with what they offer him for this new position. How should he respond in this situation? What is the standard practice in the EU? +I am closing on selling my house in upstate New York tomorrow which will net me a $73,000 profit. Iā€™m currently living and working in Northern California with no hope of buying a house again for a year or two minimum. Can anyone give me ideas on what to do with this check tomorrow so I can put this money to work? Thanks!! + +Edit: Wow I didnā€™t expect this outpouring of support. Iā€™ve been working all day and havenā€™t had much chance to get in here. I am going to read all these replies carefully and take some notes. Thanks again all! + +P.S. Many, many folks have mentioned capital gains taxes. I lived in the house for the last 4 years and it is the only residence I had and sold so no capital gains taxes. +This past week, weā€™ve been hearing about MSM featuring the ā€œgambling subā€ for the reason behind some Chinese stock going to crazy prices. + +They always reference the ā€œgambling subā€ as the community for GME stock holders in their online articles and Live News coverage. + +I used to think that this was because of a Boomer reporterā€™s (no offence) lack of internet knowledge or ignorance, but itā€™s not. + +This is 100% intentional, and the fact they continue to misdirect attention away from SuperStonk is SOOOOOOOO FUCKING BULLISH. + +After Google searching ā€œSuperStonkā€, you can see what I mean. Only B-tier and C-tier media outlets even name the community to begin with. Many of these articles are from 2021, with SuperStonk rarely being referenced throughout 2022. + +The opposite can be seen if you Google ā€œthe gambling subā€ or even ā€œ[the gambling sub] GME.ā€ Itā€™s a stark difference. + +If the stock was really a joke, they would be linking to this sub and naming SuperStonk at every chance they could. They could ridicule us, call us every name under the sun, etc. + +But they donā€™t. They continue to act as if this sub doesnā€™t exist. + +They are afraid of people learning about the years of research that retail investors have completed about GME. + +Theyā€™re afraid of people learning about the wave of purple circles on the sub and seeing whatā€™s actually going on. + +They are afraid of Superstonk and refuse to acknowledge its existence. + +This, my friends, is ultimately bullish. + +They do not want more John Stewartā€™s or /u/RealPulte ā€˜s. stumbling across our community and seeing whatā€™s really going on. + + +Thanks for coming to my Ted Talk. +How are people still bullish on Tesla? Last year they did 31B in revenue and < 1B in earnings. Facebook (Meta) did 86B in revenue and 29B in earnings. Facebooks profits were almost more than Teslaā€™s total revenue. FB profit margins are far better than TSLA, they have much more cash on hand and a far better balance sheet when looking at total assets over liabilities. If youā€™re still buying shares of Tesla or holding please explain why because I just donā€™t understand it. I do think Tesla will be a great company over the next 10 years but I feel all their growth potential is already factored into the stock price and thatā€™s best case scenario. And for that reason I think FB stock will far outperform TSLA over the next 10 years. The only justification I can see for TSLA being worth more than FB isā€¦ bubble. +I have a membership with 24 hour fitness and just got laid off, so obviously it's time to cut unnecessary expenses. Normally you cancel in person but obviously they're closed. I called their phone line and it's an automated message about how they closed their call center and that it'll take them weeks once they reopen to catch up on emails. + +They say "rest assured your membership will be extended by the length of our closure." That's ridiculous. + +My question is, since the offered methods of cancelation in my contract aren't available, what do I do? Can I do a charge back with my credit card? +\*\*\*So a bunch of people have sarcastically congratulated me on having an 860 credit score. I honestly thought it was an 860. If it only goes up to 850, then it was an 840 maybe. It was an honest mistake. I've included pics in this update to show you one year back and how my score dropped after selling my house (In September) and then the one missed payment I discuss in this post. It only goes back a year, so the scores over 800 are no longer visible on this report. + +[https://imgur.com/Kgn3CWV](https://imgur.com/Kgn3CWV) + +[https://imgur.com/qEdP1z1](https://imgur.com/qEdP1z1) + +\*\*\*\* + +&#x200B; + +I did everything right. Over a decade, I paid off all of my credit card debt, two cars, my wife's student loans, and my credit score jumped up to an 860 (I think that was the highest). I bought a house and got the lowest interest rate available at the time. I even had a back up plan in case of unexpected change. Kept building my savings. Paid my bills on time. + +Then I unexpectedly lost my job. I put the plan into action. Decided to move cross country to an area with a lower cost of living. Sold my house, moved back east, lived with family while I looked for a new job. + +I finally got a job and the next part of the plan was to buy a house. This is where I realized I had a problem. As it turns out, after more than 10 years without a missed or late payment, my wife and I had somehow "forgotten" to pay our last electric bill of about $200. We only found out about it after receiving a letter from a collections agency. We mailed in the payment and I checked my score. + +My credit score score had dropped to 682 in less than a year. It looks like after we sold the house, the score dropped from 860 to about 780. Then after this missed bill, it dropped down to 682. + +I talked to the electric company and explained that something obviously went wrong, because being 8 months delinquent on a bill didn't match our history with them OR with any creditor. They responded by telling me that they had not only mailed us two large envelopes we "couldn't miss", and had records of 8 different attempts to call us about this outstanding bill. They even claim to have records that my wife answered 2 of the calls (to her number), and that they left 6 voicemails. They say this was all BEFORE they sent us to collections. The man on the phone refused to listen to (what I consider to be ) logic. It just doesn't make sense for someone to just suddenly ignore a bill. + +I have no question that this bill was missed. After the chaos of a cross country move (with two kids), I'm honestly surprised nothing else slipped through the cracks. I just can't explain HOW it was missed for so long. We never got any of their letters. My wife's phone history shows no record of calls or voicemails. + +I disputed the claim with Transunion and they ruled that the negative mark was accurate and would remain on my report. + +Does anyone have any advice? What can I do here? Do I have any options? I want to buy a house, but with interest rates slowly climbing, the difference between the payment on a 4.8% apr, and a 5.8% apr is pretty drastic. In fact, it's throwing my back up plan into a tailspin. + +Sorry for the length of this post. I just wanted to put in as many details as I could. I really hope someone has any advice, or recommendation other than "sorry bud, you're screwed," or "wait it out, the score will go back up." + +Thanks. + +&#x200B; + +&#x200B; + +&#x200B; +For long term investors, the crash is a great time to buy. But why are the people who are selling stock today selling them? Donā€™t they realise this is short term and it will eventually gain again? Are these intra day traders? + +Apologies if this is a stupid question, but Iā€™m still learning about the markets. +Iā€™m far from doing this but before I begin a new venture I like to plan things out. Would an LLC be a good idea from a liability protection standpoint or does it not matter? +Hi all, + +&#x200B; + +I'm looking at some companies and one has a market cap of $14B usd, cash on hand of $10.4b and debt of $4B. I'm a bit puzzled why a company would acquire such amounts of debt when they can just pay it off and fund it with cash on hand. It's a Japanese stock so inflation has been flat mostly for the last ten-twenty years so it hasn't been evaporating from the balance sheet but still, I don't know why they'd finance with debt instead of cash. + +Can someone help me out? + +Thanks and kind regards +A lot of you need to understand earning calls are not about MOASS they are about Gamestop! This is a business... + +Earnings are about the result and future developments of Gamestop and that's what you should forward to. + +The assumption all their work on NFT's is just for a dividend it way to shareholder centric IMO. + +I believe they will revolutionize the gaming industry and maybe collectibles with this and it makes much more sense than a dividend. + +MOASS is guaranteed if we buy and hold now let's focus on the business itself! + +EDIT: + +It seems downvote bots are in full force and don't like discussions about GME being an actual good long term hold and business... +If you disagree, downvoted and you're not a bot please explain in the comments below. +This is a no brainer for me. We own the float. We've already won. The Game has been Stopped. We are just waiting for the other players to finally accept their defeat. + +And we are going to do amazing things with this generational wealth. We will actually change the world for the people. Why? Because we are the people. We are not greedy corpos. We have seen struggle, we have persevered, we have done our due diligence. + +And we will see this Game to the end, where we will finally collect our rewards. + +#šŸ¦ Ape Together Strong šŸ¦ +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 176.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +[https://reddit-stream.com/comments/mlbjk9/](https://reddit-stream.com/comments/mlbjk9/) + +&#x200B; + +**Edit 21 4:01PM:** + +Ending the day around 184.40, down 1.36%. Overall a good day for the bullish. IV crush continuing and setting up the ideal conditions for a gamma squeeze. + +https://preview.redd.it/lpprvk960mr61.png?width=2164&format=png&auto=webp&s=f74e861bb2054e03a84808673b93c157363b9f8e + +**Edit 20 3:00PM:** + +I'm back on my power hour stream, you know where to find me. Will keep updating this doc. + +**Edit 19 2:44PM:** + +183.5 support if we cross the current level. + +**Edit 18 1:58PM:** + +https://preview.redd.it/0k0ussk8elr61.png?width=505&format=png&auto=webp&s=0f8685c26c30c4f00aa2d23b66d2e8bb1d54228a + +**Edit 17 1:36PM:** + +Small pullback on pretty low volume. Nothing too interesting. + +https://preview.redd.it/47lq8h96alr61.png?width=2148&format=png&auto=webp&s=a692f648f75d8f8ad1187bb7144b70353f6f4846 + +**Edit 16 1:30PM:** + +Basically due to the lack of fundamental catalysts, we are waiting patiently for forces behind the scenes to move the stock price. It's always eerily quiet during periods like right now. + +Forget options chain, forget TA, what's coming soon is a chain of business maneuvers that can push the price. So whether that be a share recall, a change in leadership, big business changes are underway. Eventually we'll likely walk out of the eye of the storm, and get flung into the sky and catch a rocket to the moon :D + +**Edit 15 1:28PM:** + +Sorry little crayon typo in edit 12. I drew the first circle on the wrong day, fixed it now! + +**Edit 14 1:22PM:** + +By eye of the storm, we were hit in January, turbulence in Feb, and now late March and early April seems to be the eye. It's always oddly quiet in the eye. + +My take on those 330 and 340 strike Put walls is perhaps those are post squeeze bets. You basically want to buy to open Puts during the lowest IV trading period so later you can sell to close during a high IV nosedive. + +**Edit 13 1:12PM:** + +Today might be the eye of the storm. + +**Edit 12 12:47PM:** + +Most likely will have to wait till power hour for any major movements. I'm expecting some action either Thursday or Friday, will be colliding horizontally with a major resistance line. + +https://preview.redd.it/k2wo790n8lr61.png?width=2137&format=png&auto=webp&s=4128ab1e91599c3c048166f85209c658e8fe03ed + +**Edit 11 12:27PM:** + +Great post from u/bobbychow305 about Webull lending. I would recommend you guys turn of lending by following the info in his post! + +[https://www.reddit.com/r/Superstonk/comments/ml293a/webull\_lending\_shares\_program\_is\_set\_as\_default/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/ml293a/webull_lending_shares_program_is_set_as_default/?utm_medium=android_app&utm_source=share) + +**Edit 10 11:48AM:** + +Sideways, low volume, excuse the boring price action! + +https://preview.redd.it/5s6bvdbwqkr61.png?width=2143&format=png&auto=webp&s=2f9f50f3cb05b421f89de83376b00ed80cbffed0 + +**Edit 9 11:07AM:** + +Double top as expected. We should consolidate around VWAP. + +https://preview.redd.it/2o2jemvljkr61.png?width=2138&format=png&auto=webp&s=eb5398457285ebaa197191fbcc8f1547c62de207 + +**Edit 8 10:49AM:** + +We bounced off the resistance, possibly a bull flag followed by a double top. + +https://preview.redd.it/46zq2d4dgkr61.png?width=2141&format=png&auto=webp&s=2413d623a8d71b037660d5434f02f4214127ac52 + +**Edit 7 10:33AM:** + +Edit 2 resistance tested. + +**Edit 6 10:31AM:** + +Nothing crazy on optionsonar. <100k orders mostly on OTM Puts. + +[Data courtesy of https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/qmd5amv1dkr61.png?width=2483&format=png&auto=webp&s=1f3fad35c51931560fe645b253739f881af5dae5) + +**Edit 5 10:21AM:** + +Volume still extremely low, expect mostly sideways action today. + +https://preview.redd.it/x3wxu3g9bkr61.png?width=2138&format=png&auto=webp&s=ade46076e29c0a065b5447fc2f4f78aa707555e5 + +**Edit 4 10:07AM:** + +Descending channel with breakout to the upside. Nothing too interesting in options right now. + +https://preview.redd.it/o2g9zkpr8kr61.png?width=2139&format=png&auto=webp&s=8d0c16ea967bb4099be169c8a29b3b95d96b4d75 + +**Edit 3 9:41AM:** + +Extremely low volume, 280k first minute candle. It's like the eye of the storm. Nothing too interesting happening right now. + +**Edit 2 9:33AM:** + +Possible resistance we might test later in the day. **This is not a prediction, just a possibility.** + +https://preview.redd.it/df5l38tq2kr61.png?width=2126&format=png&auto=webp&s=c5c03e786326ccae0a0e07231318812a945a3d1e + +**Edit 1 9:29AM:** + +Added 186 support. Likely mini selloff touching 186 first minute candle, then small bounce. + +# Begin reading here + +https://preview.redd.it/qo6z5rztzjr61.png?width=1200&format=png&auto=webp&s=bc95223155be0a0b57565e9a0474039a065f5259 + +Gooooood morning my fellow apes! + +Seems Michael Burry deleted his Twitter huh? Seems he actually knew what he was talking about! + +I sense a storm is coming. I hope you all went to Wendy's and got yourselves a nice meal, because this is gonna be a long car trip down a windy road before we reach our destination. + +A quick reminder that I will be dual posting here and streaming on [https://youtu.be/MI7WIo25eF0](https://youtu.be/MI7WIo25eF0). + +# Premarket analysis + +Broader market down pre-market. Gap down with fade up for GameStop. + +https://preview.redd.it/tsmbj55i0kr61.png?width=2144&format=png&auto=webp&s=4d51fcb91d452c89c94664bbcd5676b531e9c7ca + +**Socials** + +Discord [https://discord.gg/GmRYtEW](https://discord.gg/GmRYtEWS) | Twitter [https://twitter.com/warden\_elite](https://twitter.com/warden_elite) +>Indian digital payments giant Paytm saw its overall revenue take a hit amid the pandemic as it fell 9.9% from INR 3,540.77 in FY20 to INR 3,186.8 in FY21 on a consolidated basis. On the verge of a [$3 Bn initial public offering](https://inc42.com/features/can-fintech-giant-paytm-give-india-its-biggest-ipo/), the fintech behemothā€™s losses narrowed 42% to INR 1,704.01 Cr from INR 2,943.32 Cr in the same period. +> +>The company achieved thisĀ  on the back of lowering its expenses from INR 6,138.23 Cr in FY20 to INR 4,782.95 Cr in FY21, the companyā€™s annual report showed. While Paytm spent a staggering INR 1,397.05 Cr in marketing in the financial year ending March 2020, the digital payments company tamped down its marketing spend by 62% to INR 532.32 Cr amid the pandemic as digital adoption went up.Ā  + +[https://inc42.com/buzz/ahead-of-ipo-paytm-narrows-loss-by-42-to-inr-1704-cr-in-fy21/](https://inc42.com/buzz/ahead-of-ipo-paytm-narrows-loss-by-42-to-inr-1704-cr-in-fy21/) +I've been buying GME since January and holding it in my hand. If Squeeze occurs and you get a big profit, come visit Korea and Korean holders including me welcome you! Ah! If you want to come to Korea, I hope you come when Corona-19 is over. Have a great day and I wish you all the happiness in your future and home. See you all at the omnibusšŸ˜€ +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸŒšŸ¦šŸ’Ž +Anyone else tired of this cookie cutter advice from the wealthy to the wealthy? It's like a revelation to them. Like, "wow, what a brilliant idea. What a way to hack the system! I'll get a roommate and I'll have so much more disposable income!" Or better yet, "Buy a duplex and rent out the other unit so you can live rent free!" + +I'm living in an office with no closet in a house with three other roommates and two dogs and two cats. I'm 30 minutes out of town and 45 minutes from work, but this is the rent I can afford. +Seeing garbage on Twitter about their DRS-like attempt which has nothing to do with registering shares and just puts all owners of popcorn into a database for identification. They even go as far as to say all popcorn and ā€œnon-DRS GMEā€ owners should do it. Shit reeks of Kennifer. This is the DRS version of ApeFest if you ask me. + +Yā€™all know the drill. + +I think I need more text for character minimum. Hello. +Everyone needs to read this: + +[https://www.reddit.com/r/Superstonk/comments/movevb/dance\_of\_darkness\_the\_sec\_and\_dark\_pools/](https://www.reddit.com/r/Superstonk/comments/movevb/dance_of_darkness_the_sec_and_dark_pools/) + +630 million share data confirmed by TD. + +There is a tonne of great DD in this post. read it, then read it again, then understand it after reading it again. + +PRO tip: on android device long hold over text, select all, select 3 dots on right, select "read aloud" + +This helps me digest those extra long DDs + +\*marked at possible DD to bring attention to the real DD linked\* + +EDIT: I DON'T WANT YOUR UPVOTES, I DON'T WANT YOUR AWARDS. I WANT YOU TO READ THE ATTACHED POST + +I couldn't care less about Karma, even less about fake awards. I am not HODLing GME for Krama! + +NOTE: The OP doesn't say he called TD in the post, he says it in the comments do a search for "Yea that's why I posted the screenshots (also called TD to confirm so yea their legit)" you will see it. + +I'm just tryin to bring attention to the OP, not to me FFS +I'm an 18 year old male about to graduate high school. I currently make around $200 a week but when I graduate I'll be making about $500-$550 a week. +I need to know what I need to do to make sure I survive. I've never been on my own, I am kind of scared to live on my own and pay my own bills. My mom dropped this bomb on me today with only 23 more school days until graduation. What should be my first step and what are smart habits to get into. Literally any advice would help! Thank you + +Edit: Thank you to everyone who commented and who is being so kind and giving me great advice! + +For just a little bit of background, my mom is a wonderful woman who has always supported me. She stated that I was "ready" to move out and that I should want to. I have 3 other siblings (1 of which has Down Syndrome so she won't be moving out obviously) but the other 2 moved out when they were maybe 19 or 20. I am the youngest and I think maybe she's just ready for all of her children to be out and out of her hair. I've spoken with her and she says that her and my dad is okay with me staying until the end of June or so. Thank you so much everyone! + +Edit 2: Front page! Wow! Thank you so much for everyone's comments and thank you to everyone who PM'd me help, job offers, and personal advice! You guys are much appreciated and this is the best community ever!ā¤ļø +If so many UK residents are using their houses as their retirement fund, what happens to those who never owned a home but don't have enough income to rent at market rates? Do they qualify for social housing at that point? +I violated my own rule, I did not set a stop loss because I got cocky after a 29-day winning streak. today was my 30th and I had whiskey ready to celebrate. I set up $ANVS short and walked away to use the toilet and fill up my pre-workout. + +I got back I'm 50% down, I froze and shortly after my broker closed my position (risk mitigation). + +Do not, ever, ever wobble on your risk management, I'm literally gutted by this + +Edit: thank you for the support DMs, really appreciate it. For the trolls, I'm not a bear, I'm a hunter with 0-bias, sometimes i trade the same stock long and short within minutes + +Edit 2: I got a few common questions in comments and DM that I'll attempt to answer: + +\- My strategy is simple, up/down gappers with highest volume. I like volatility and momentum rides in the first 2 hours of trading every day. I use 5min tf to identify a micro-trend and 1-2min tf to time my entries. I use a risk management system of 1% risk over account and 3% take profit that i call 'R' multiples. You can google risk/reward management for reference there is a ton of material on it. + +\- I use tradezero US as my broker, they have great locate availability and being able to sell your locates back to reduce your fees is amazing + +\- Yes I lost 2/3 of my account and I'm under PDT again. Luckily I'm not in the minus and I don't owe my broker any money. always have risk measures and ensure no single event can ever end you. I'm blessed to have stashed cash on the side to help me get back up quicker + +\- To the folks sharing their loss porn history esp with similar mistakes, thank you, thank you, thank you. I feel less like an idiot and inspired that you're still here grinding, I'm your newest marine +I had 3 arduous interviews for a store management position in retail, and I GOT THE JOB! This was all on zoom over a weekā€™s time. + +I was offered a $17k base raise (from what I currently make elsewhere), and a bonus potential. Iā€™ll only work 40 hours a week. + +Minimum wage is $7.25 and I make $28.00 an hour nowā€¦ + +My family (and my mental health) needed this so badly. Thank you for the good vibes! +NFLX -37%, TSLA -22.50%, AMZN -16%, FB -13%, GOOG -9%, MSFT -10%, AAPL -5%, ... Considering big market cap of these stocks, it is a huge drop worth billions. And this cash is gone, sold to maintain their overleveraged position against GME and other overshorted stocks. Margin is in danger, hedgies r fukt and their collateral will soon look like the smallest wee wee in the Milky Way. +Well [realestate.com.au](https://www.realestate.com.au/auction-results/nsw) has started off by dodgying up the stats. Claiming rates are 62% and not counting [approx half of auctions.](https://www.corelogic.com.au/news/national-auction-market-preview-12-april). Most people are moving to private sales. + +But the winner today is [domain.com.au who are now refusing to post results. ](https://www.domain.com.au/auction-results/sydney/) + +Troubled times. +Iā€™m working on a long term investment strategy based around UK share prices being affected by their underlying holdings in cryptocurrencies. It is expected that over the next ten years this industry is going to grow by almost 10x its current level. This being the case any companies with decent holdings in cryptocurrency should see growth inline with the market. Tesla was an example of this idea. + +If anyone has any input, it would be appreciated. + + +Edit for context- think of companies keeping crypto in the same context as keeping cash reserves. + +Edit- thank you to the admins for allowing this post to stay on the sub. + +Edit- for anyone interested the admin messaged me personally and banned me from the group for not sharing the same investment ideology and for stating that there is an amount of gambling involved in investing. My own personal beliefs got me banned. Oh well next time I wonā€™t create a thought provoking post and give everyone ideas on how they may be able benefit long term from a hybrid stock/crypto based portfolio. +My situation. Iā€™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. Iā€™m fine with doing this job but I donā€™t want to do this forever. Iā€™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! +Binance released its Proof of Reserves (PoR) System ā€‹which is the next step in their effort to provide transparency on user funds in their eyes. + +Kraken's CEO Jesse Powell takes aim at Binance's recently launched proof-of-reserves by calling it to be pointless. + +[Kraken CEO tweet](https://preview.redd.it/gyhp1zaig62a1.jpg?width=611&format=pjpg&auto=webp&s=9883971ea6864bcba9d2c523a63538f50690e0a9) + +He also added that Binance is misleading consumers: + +https://preview.redd.it/1ccq35itg62a1.jpg?width=611&format=pjpg&auto=webp&s=9b403bae591dba780172f332dea9a19251c6c464 + +Jesse Powell is right in my opinion. These "proof of reserves" means nothing. It's just eyewash transparency. They are showing you one piece of the equation which are assets but it's meaningless unless you see liabilities, in this case to know if they have positive or negative equity. +Large amount of assets really don't mean anything without the context. +I want to preface this by saying I have a tenant that had troubled credit and the gamble on renting to them really paid off. Nearly four years without a late payment even through the pandemic, they take good care of the unit, etc. While reviewing the lease of a different tenant whom I'm evicting I realized there's a clause I can report on their credit. + +So, is there a way for me to put a positive history on my good tenant's report? If so, what does that process look like? +We all wanted to do something great with our lives. And somewhere along the way we became a bunch of degenerates. + +But what if we banded together to accomplish great feats? Alone we may feel powerless to make changes, but together we have the power to move mountains, *to clean oceans*. [šŸŒŠ](https://emojipedia.org/water-wave/) + + +Our vision and mission at Baby Shark is global in scope, as we all work together to clean the oceans and conserve marine life, leaving the world a better place for generations to come. [šŸ‘Ŗ](https://emojipedia.org/family/) + +Warning: This is not another meme coin. We are in it for the long haul and to make a difference. If you were looking for today's flavor of the day pump and dump this is not it. +If you want to put your money in a place that could possibly build generational wealth and leave a story for your grandkids to know however, you've come to the right place. + + +We have officially partnered with the [the Gili Shark Conservation](https://www.gilisharkconservation.com/). If you go to their partner page you can see our text, once they get their hosting issues solved, you will see our logo there as well. And boy will it be beautiful. With our efforts together we can make an impactful difference towards the environment. This is one of many things to come. + + +And rest assured, we are here to stay. Our vision is steadfast and our journey is just beginning. Come join us for a swim, and leave this world better in the process. + +[https://www.babysharktoken.com/](https://www.babysharktoken.com/) + + +Contract: 0xcc9b175e4b88a22543c44f1cc65b73f63b0d4efe + + +All of our social links are on the community tab, we look forward to seeing you! +Hello All, + +I am reaching out to the community with simple ideas that the average person can do to improve on a rental property during this crisis we are going through. I have always been a super conservative investor with my slow-vest method of buying a distressed property, fix it up as a rental, rent it out and use as much income as I can to pay off the property before I place myself in debt. Typically I just refinance my personal home with a loan large enough for the purchase of the property, then fix the property, place it up for rent and use the income streams to pay down my own property since I was informed i would benefit the most on taxes this way in the context of having paid off rentals. + +Currently, I am up to 5 properties and 4 of the 5 properties notified me and didn't pay rent on April 1st and the 5th paid rent. + +I have talked to the 4 renters and have been thinking of creative ways to gain from this situation without forcing this into a negative event, so they all have agreed to start with pressure washing the properties, so I have dropped my pressure washer off and 3 of the 4 have been completely cleaned by the renters in agreement for part of the rent owed removed and the 4th property I dropped off the pressure washer this morning for the renters to get started. I am planning to purchase paint tomorrow to give to the renters to start painting the outside of the properties, but i am curious what other ideas i can come up with to improve on the properties that an average person can perform in a reasonable fashion. The insides of the properties were recently completely remodeled after purchase, so most of the inside is fresh and not needing attention. + +what are some creative ideas that yall can come up with that I may use? So far the renters have been completely down for ideas to offset the unpaid rent since they are super bored being stuck at home and it gives them something to do. so it has been hugely positive. +33, married, no kids, live in the Bay Area. I work in tech and my wife and I make around $500k / combined (pre tax). + +NW: $750,000 in equities (bank, telco, F500, ETFs, etc.). We have a $600,000 mortgage on a property valued around $1.8M. + +My family (parents, brothers, uncles) is in the food packaging business and a competitor will be acquiring 49% of the business in the coming weeks. As a minor shareholder of the business I have the option of either (a) selling my shares to the acquirer and receiving a one time cash payment of about $2M or (b) rolling the equity into the go forward company (there will be a reorg done at the same time), which will subsequently be run by my brothers. + +I am not involved in the business but my brothers are good operators and have been involved for the last 15 years - I trust their vision and work ethic. My parents and uncles are cashing out and will not be involved in any material capacity. The business has been growing at 20-30% for the last 10 years and there is low risk that this does not continue. Their customer base is diverse and contracts are generally long term. I suspect that they will ultimately sell the entire business to this competitor in 5-10 years and, given the growth, at a much higher valuation. I think itā€™s reasonable that my shares could be worth $5-7M but of course there are a number of risks that could make this number much smaller. + +My wife and I dream about retiring in our mid-40s and taking on more interesting and impactful personal projects in our community, letā€™s say 10 years from now. We realize that this is a huge windfall gain either way. Our back of the napkin number is $10M. + +Iā€™m wondering if anyone has any similar experience or advice with respect to my situation and specifically what I might consider in choosing either option? + + +Thank you in advance. +Futures were lightly positive. Then bloodbath: DOW -1000pts, NASDAQ -4.9%, etc. Only indexes that were positive were China, Taiwan, and Nikkei. The VIX was at 30%+. Europeā€™s STOXX 600 saw it finally inheriting the headwinds from US -> China -(to finally)-> Europe. + +Now with the mkt closed we see DOW, SPX, NASDAQ all positive. The VIX is only 3%+. + +Curiously, the massive comeback across US Equities started at 12:00. Had a pull-back at 13:45, and 14:30 the rally was back on to close positive. + +So what happened? I mean, even Chanos is long in this market. + +"The S&P 500 has recovered from an intraday loss of more than 3.98% only three times (since HLC data began in 1977): + +Jan 24, 2022 (today) +Oct 16, 2008 = down -4.63% and closed up 4.25% +Oct 23, 2008 = down -4.28% and closed up 1.26% + +- Bianco Researchā€ + +I am an institutional investor and I am somewhat baffled. I mean, I thought the market was already irrational (and getting rational), but wow. I am lost for words. + +EDIT: Corrected Bianco Research date (Jan 24, 2024 -> Jan 24, 2022). + +EDIT 2: I canā€™t believe I have to explain this. This is ā€œbar-talkā€ to me. Instead of sports, I wanna comment on todayā€™s market session in a casual fashion. This is absolutely not research (jesus hell no). The fact I have to even state this is baffling too +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! + +###US government vehicles to all be electric = **literal rockets** šŸš€šŸš€šŸš€šŸš€šŸš€ + + +If you aren't on; +- Lithium - **LKE** / CXO / INR / VUL +- Manganese - **EMN** +- Rare earth - **ARU** / ARR / VML / REE / LYC +- Graphite - RNU / TLG / EGR +- Battery tech - **NVX** / MNS < got a big future! + +I am **holding** + +Then you should really be researching into these companies and look at the long term potential. I'm not talking about being a paper handed biatch and selling out for a measly 1 or 2 bags. Were talking the big puppies here. The real deal, the bees knees, the cats pyjamas whatever you want to call it. These are all long term holds and will provide you with crispy tendies šŸ’ŽšŸ’ŽšŸ™ŒšŸ™Œ + +https://www.google.com/amp/s/www.theverge.com/platform/amp/2021/1/25/22249237/biden-electric-vehicle-government-fleet-ev + +This is just the start. Rules are changing which is forcing car companies to get with the times. + +After hearing LKE has skyrocketed in the big USA, so has my erection for too many hours. I called girlfriends boyfriend up for help and he has disowned me. The men's gallery said I was too much of a Autist to be let in and now I sit staring into the abyss, wondering if my market withdrawals will ever end. + +Tldr +LKE to the fucking mooooooooon šŸš€šŸš€šŸš€šŸš€šŸš€ + +DYOR. + +* Editing the list as we go, keep em coming! Always good to hear about new stonks ! +I've noticed in the last few years a lot of people use "treating themselves" as an excuse to overspend. I agree that you should treat yourself! It's so much easier to live within a budget when you do, however, my tip is budget for this and don't over indulge! + +Personally, as a broke University student, eating out on campus once every two weeks is such a treat that I look forward to. Too often I see fellow students overindulging in things like fake nails and eyelashes (or male equivalent buying overpriced clothing/food/beer); treating themselves when they didn't budget for it and end up short on money. + +I think at all ages it's important to keep up a balance, I'm curious to know what other people's 'treat yourself' purchase is? +Good Day, fellow Investors. + +This is my first Analysis, for r/dividends. + +Yesterday, 8 of you invited me to chat, there is nothing wrong with that but please dont start a Chat with + +"I can make your Investments easier", or "just buy Bitcoin". I will ingnore these Kind of Chats. + +To the other Guys thank you, you were kind. + +Ok lets get started, today im going to tell you about: + +**Porsche SE** + +Its one Thing to tell you about a company that actually produces something, that has a steady income stream. That has a fixed Payoutratio. But Porsche is differrent and i was a long time thinking about, how im going to tell you, that an investment in Porsche SE, is actually one of the best Investments you can make (IMO). + +So here why, i think Porsche is worth it, to be in my Portfolio. + +[It triggers me, that it isnt in the middle ](https://preview.redd.it/buvn2url2k971.png?width=712&format=png&auto=webp&s=36285745b6b1c644f13141764f8ad0e348375528) + +So as you can see Porsche SE owns, 53,3% of VW (voting rights). +Ad 31,4% of the Capital + +This is Kind of funny because Porsche has a Marketcap of ā‚¬28,03billion + +And Volkswagen has a Marke cap of ā‚¬126,2billion + +That means 126,2B/100*31,4= 39,62billion.(Apples) + +So Porsche SE owns 39,62billionā‚¬ of VW, but is valued with ā‚¬28,03billion. + +That means for every Porsche SE share you own, you "own" 1,4 VW shares. + +But we are at r/dividends not on, discounted Stocks. So lets take a look at the Dividends. + +The Dividends were steadily growing until 2010, they had to cut it there, because of their debt. + +But they took the Dividends they get from VW and payed down their debt. + + +They were back on track, with their Dividends in 2011 and from this point on, its growing. + +The numbers of Porsche are confusing because the Revenue, is lower then, the profit. + +&#x200B; + +**year 2020** + +|Revenue ā‚¬|Profit ā‚¬|Cash on hand ā‚¬| +|:-|:-|:-| +|107million|2.646billion|771million| + +Debt is complicated, on every website i look it seems like, they got no debt, on their own financial Release they have a debt of 1.7 millionā‚¬. + +The Payoutratio is 70%. + +&#x200B; + +MY thoughts, on Porsche. + +Porsche SE, has one of the smartest Managementteams out there. (if not the smartest) + +They outsmarted Volkswagen and i bet, they would do something similiar again. + +They have Taxadvantages, because they are listed as Car company in Germany. (thx merkel) + +But they are obviously a Holding Company. + + There is also a Company called "Porsche GMbH"(car producer) , in Germany there is a "Blindspot", for Companies that have multiple assetclasses, they can legaly pay less taxes, if they do it right. + +There are rumors about an IPO of Porsche (car producer). + +So to get to an End. + +I think Porsche is worth it every Penny i give to them. I do sleep well with them in my portfolio, + +because i know the Maganement is smart enough, to lead the Company, through every situation. + +I buy them on Monthly bases. + +Please do your own research, these are just my thoughts. No financial Advice + +Critisism is very welcome, please tell me how can make those Analysis better, for you to understand. + +Yesterday i posted this: + +[https://www.reddit.com/r/dividends/comments/oe3xnh/why\_im\_back\_for\_dividends/](https://www.reddit.com/r/dividends/comments/oe3xnh/why_im_back_for_dividends/) + +There is a list of Companies, pls let me know wich one to do next. + +See you tomorrow with the next Company. Happy Investing, Adios +Hi All, + +I recently came across an ad of Tyke Invest on Instagram, stating that one can invest in unlisted startups. Dug deeper into it and found that in 2016 SEBI had banned crowdfunding. + +I commented the same on their post and got no reply. Then found some other people too had commented similar questions but haven't received a response. + +Can anyone help me understand the legalities behind this? +&#x200B; + +$PBR: Earn 30pct dividend on Brazil's Premier Oil,Gas and Refining company ( and it is situated far away from Russia !!) + +&#x200B; + +https://preview.redd.it/81kfkvj9euz81.png?width=1224&format=png&auto=webp&s=04ef1f4b6a49426b6220097e99580fe16f78f800 +I'm tired of all these posts by greedy people talking about prices. There's no reason a cryptocurrency needs to be 1000$ to function as a legitimate currency. Is there a sub where people actually have convictions and talk about the revolution, not just about money? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/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) +Here's some hard data I'll walk you through. + +https://www.dat.com/industry-trends/trendlines + +DAT is a loadboard - an online system for shippers listing loads and truckers picking them up. These charts show how many loads there are needing trucks. The number of loads needing to be moved compared to truck availability is WAY up - 138% over this time last year for dryvan. + +A dryvan trailer is a big empty plain box. Reefer looks similar and can haul most dryvan loads, but it has a refrigeration unit up front and it's own fuel tank underneath, plus it's insulated. A reefer trailer can do food and medicine in addition to whatever normal "dry goods" would for in a dryvan...however a reefer trailer weighs 5,000lbs more so done heavy dryvan loads don't work with a reefer trailer. + +Flatbed means a flat trailer with no walls that you strap shit to. They're somewhat tied to the construction business. + +As the number of loads available for each truck climbs, so does the price. Right now we're seeing rates in some cases up over $4/mile in dryvan, which is fantastic if you're a trucker being paid a percentage of the load rate :). Reefer hasn't climbed as much but once produce starts moving come mid-spring or so expect those to climb and dryvan as well as reefers stop competing with dryvan loads. + +The prices for shipping started to climb in August but we expected it to drop again like usual. *It didn't drop much through the holidays* and now come Jan/Feb 2018 prices are still up and trending up even more. + +The market for cheap used trucks with nearly a million miles on them are climbing. This used to be worth about $10k this time last year, now they're running $15k plus as individual truckers snatch them up hoping to pay for them in a matter of two months or less - if they last any longer we're talking major bank. A guy with a truck like that getting 85% of the load value can clear at least $4k a week and $6k+ is achievable. + +What is this all telling us about the larger economy in the US? +Hi everyone, + +I've read in the sub about the 60% tax trap between Ā£100k and Ā£125k, which I understand, and that you are better off making pension contributions to stay out of that bracket. + +Can someone please explain why it's better to be above the Ā£125k (i.e. why does the 60% tax trap go away above 125k). + +If someone was earning for example Ā£145k and used up all previous years' pension allowance, are you better off putting Ā£40k in your pension and taking the 60% tax hit (i.e. leaving you with Ā£105k salary) or rather just putting Ā£20k into your pension to remain above the Ā£125k mark? + +To be clear, my question is not about the tail wagging the dog when it comes to taxes, etc, I'm genuinely interested in understanding why tax is lower above Ā£125k. +Apologies if this is a dumb question, but wouldn't solar panels always be a profitable investment? All the calculations I see in regards to the profitability of solar panels look at initial cost Vs time to generate the same value of energy. However I never see any mention of the increase of house value getting solar panels provides. I would assume that installing solar panels would increase the house price proportional to the value of the panels, which would massively swing the equation towards installing them. + +Obviously this is only viable if (1) the property's roof gets sunlighg, and (2) the owner would ever be considering moving/selling their property. + +Am I missing something here? +I drive a 10 year old car I bought new right after college. Itā€™s on its way out and sinking money every few months at this point. I could probably get another 2 years or so out of it with some decent tune ups but Iā€™m worried about the current market just gettingā€¦worse. + + +I know no one can see the future but Iā€™d welcome input as to whether or not I should just bite the bullet and pay now or wait to see if prices come down in a year or two. + +For what itā€™s worth, car has no value bc I bought the salvage title from an accident awhile back when car prices were starting to spike and I didnā€™t want a car payment lol +I am single, never married, but Iā€™m seeing friends start to divorce, when 10 years ago they seemed perfectly committed. And itā€™s dirty. +I am nowhere near getting married although I guess Iā€™d like to one day. +That being said, how are my rentals protected in a divorce? My first is in my own name, my current second house is as well that will eventually become a rental as well. + +How does everyone protect their properties? +I know there is a lot of hype right now in the market with shit being all over the place. Last year was the first time I found out how to mess around with stock market and sure enough I burnt through $5000. I gave up, but last month I saw Stockjock on twitch randomly and fell in love with the way he does stuff. He's literally become my inspiration and I want to be like that in the future. He's great at answering all the questions and his discord is also very friendly. + +I'm already making good money for my age and have a lot of savings. This time I plan on actually learning day trading before throwing my own money in this, so I can be successful in the market. The best part is my work is in the afternoon, so I get to spend all the time home while the market is open. Is it too unrealistic to dream that in couple of years I can live off of day trading? Any successful day traders here? Anyone doing six figures consistently?(before the meme and covid)?) + +Anyone else trying to become a successful day trader? What are you guys following and reading? Any tips or suggestions are always welcome! I'm also interested in hearing stories! How is day trading going for you? What do you think about the future? + +Looking forward to hearing from you guys! +Title says it. Iā€™m 35 with 3.5m. Nowhere near fatfire territory yet but my income increased significantly last year to 7 figures so I might be there in next 5-10 years + +I have a partner with a NW much lower than mine- and I donā€™t know details because we donā€™t really discuss finances in details and we have separate budgets. Marriage is not on the cards for the moment (and iā€™m not in a common law state) but if the time comes, I would like to have a prenup. But Iā€™m not sure how you would pitch it to your partner + +Asking this here rather than in the relationship sub, because rather than a broad relationship advice, Iā€™m looking for advice on how to specifically discuss prenup. And frankly people here would be better positioned to discuss this from a practical perspective, as opposed to another forum where I might see comments from bunch of people with strong opinions about prenup but little experience in practice +I shouldn't have to be doing surveys that pay 0.60 cents each. I shouldn't have to be selling my belongings. I shouldn't have to sell illicit photos online. I shouldn't have to give up every single thing that makes life enjoyable to have any form of savings. I have two degrees and a full-time job. Why isn't my full-time income enough??? I shouldn't have to do any of this. +She wouldn't purchase it when it was $80 pre-split though but she's buying today. + +This is not a stupid person. She's an attorney. + +I even did the math for her and told her the price is still around $133 pre-split but she just shrugged. + +My point is that I think this split stuff works psychologically. People automatically think the stock is cheaper because the dollar price is lower. + +I'm having a hard time believing that she's not joking around. +Visa and MasterCard both having not so good times compared to a year ago the cross border transaction is hurting them. + +But both of these companies are great buys they have a huge moat and are a duopoly. + +Their divdends have been increasing by a big amount year on year and this will continue in the future. + +They also do stock buybacks every year. + +Our move to a cashless society will benefit both visa and MasterCard + +The price that I want to buy visa is around 190 mabye 195 and it's nearly there +This is quite lower because I think business travel is going to take a while to recover + +For mastercard I want it around 315 + +What do you guys think of both MasterCard and visa and what prices are you looking to buy them at +I (36M) grew up very middle class in a large family. While a couple of my brothers have been successful, none have come close to my annual income ($1m). + +No one in our family has a clue about how much we make (live very modestly- expenses ~$60k/yr until now), but we recently bought a new home and theyā€™re going to figure it out or think weā€™re drowning in debt. + +Iā€™m almost embarrassed by it. + +I donā€™t think anything will change, but Iā€™m wondering how others have approached this. Iā€™m sure Iā€™m not the only one. + +Not fat yet, but should be in a couple of years. +Iā€™m a novice investor looking for more of a formal training in value investing. Preferably Online but would consider in person. Does such a thing exist?? Iā€™ve talked to Phil Towns Rule 1 people. They offer a 18 month course for 14k. Itā€™s 1-2 classes per week. Price seemed kinda steep but idk what might be out there. Any thoughts?? Thank you! +Iā€™ve read most of the usual recommendations but a lot are theory/ not really specific. + +Whatā€™s the most practical value investing book youā€™ve read? + +Would something like Benjamin Grahams interpretation of financial statements be worthwhile? +[Link to the full article (4 min read)](https://www.reuters.com/markets/us/biden-lay-out-plan-complete-emergency-oil-sales-spark-us-production-2022-10-18/) US President Joe Biden plans on releasing an additional 15 million barrels of oil from the reserves to help keep oil prices low. He also asked US energy companies to stop using profits to buy back stock, and to invest in production instead. The US had already announced a release of 180 million barrels of oil earlier this year. The Strategic Petroleum Reserves is currently about half full and at its lowest level since 1984. The news faced some criticism as the reserves are being tapped into for political reasons and not for an emergency like it was intended. + +**Get more bite-sized market news like this straight to your inbox at** [**investorsnippets.com**](https://investorsnippets.com/) +Okay touchy subject for background Iā€™m 26 male have 450k in assets which I brought into the relationship. My partner is 22 and we are planning on getting married eventually. Since 18 Iā€™ve been obsessed with finance and becoming financially independent. Iā€™ve spent countless hours learning and researching and pouring my earnings into property and shares. My girlfriend has chosen to party and spend which honestly is fine sheā€™s 22 thatā€™s what most do I know Iā€™m an outlier I love that sheā€™s the free living outgoing spirit and Iā€™m the introvert it balances out. I want what I brought into the relationship to be returned to me in the unfortunate event of a split and everything I earn or gain while together should be split 50/50. However Iā€™m having a hard time explaining to her that itā€™s only an insurance policy no one gets life insurance expecting to die tomorrow same as no one gets comprehensive car insurance to purposely crash into someone. Itā€™s purely a logical decision but she sees it as an emotional trust decision. She says she would never come after assets but the people you marry or date are not the people you divorce or break up with and Iā€™ve seen some ugly things in my childhood with friends and my parents splitting. I know it gets thrown out the window if we have kids and if we are together for 15 years or more it wonā€™t matter because the assets will appreciate a lot more than what I brought in I donā€™t know how to get past this because I honestly want to spend my life with her but how do I know what will happen in 20 years? Has anyone on here got a BFA and can relate? +********* I am not a financial advisor, this is not financial advice********** +(Posting this on mobile so canā€™t upload pics šŸ„²) + +You probably saw the headline: + +ā€œUS hedge funds Melvin Capital and Light Street suffer further lossesā€ + +The article says that the losses are purely driven by meme stocks. IMO this is huge, bigger than yesterdayā€™s meeting/announcements. This is definitive proof that shorts havenā€™t covered. Literally everyone in financial media, even the boomers, have said that shorting meme stocks is stupid. The fact that theyā€™re still in IMO means they never left and canā€™t get out (like my DDs have said). The fact that their losses have climbed while all meme stocks are climbing further shows that the meme stocks are indeed related. This also gives more credence to the idea that those midday spikes in volume are short covering to remain net positive on the day. + +Most importantly, this article only covers two HFs. There could be and probably are more. HOWEVER, it doesnā€™t cover MMs because they are better able to evade reporting requirements (ie 2sigma, Susquehanna, citadel, etc probably have high SI as well but are hiding it like they did in January). So what we got from this article was: shorts have no covered and there losses are a magnitude higher than whatā€™s available to the public. + +Finally, I saw a really interesting post yesterday about the 25% decline possibly being GME doing the share offering. Whoever thought of this is genius and that would make total sense because of how much it dropped but how controlled the drop was. I also saw a post showing that last earnings we dropped 30% then made it back the next day. DO NOT expect that today because last time that was an FTD cycle day. + +Thatā€™s all for now. Youā€™re all sexy as hell. + +********* I am not a financial advisor, this is not financial advice ********* +There was a post going around the other day about how this is such a memorable time for anyone lurking these forums and crypto, and how we truly wonā€™t forget it. + +Our first purchase of BTC... our first moon landing... our first rug pull... and probably most coherently, the first time you got **BOGGED**. That magical moment in which you decided to tip your toes into a new asset and instantly became financially ruined. And, of course, right when you panic sold, Igor and Grichka ate that fucking dip. + +So, like me, when you saw Bogged Finance for the first time, it was easy to put down as another memecoin, a community-driven blah blah blah with a pretty funny leaderboard that tracked whenever anyone sold. Which, as a fan of public shaming, this pleases me. + +But if youā€™ve been around these boards, you might have dug a little deeper a time or two and noticed that thereā€™s more going on with Bogged than just hilarious memes and a dedicated fanbase. + +No, if youā€™ve been on Binance Smart Chain, then youā€™ve almost definitely seen some Bogged charts starting to float around. Thatā€™s right, **Bogged Finance has BogTools, with limit sells launching soon,** and BogTools are, believe it or not, going to bring some real legitimacy to trading on BSC. + +**You see, the biggest problem with trading on BSC right now is that thereā€™s no way to stop yourself from getting completely destroyed on any single investment. While you might not think this is a big deal with your twenty shitcoins waiting for one of them to go 100x, your big boy traders want to make sure thereā€™s a limit to how many beach houses they can lose.** + +If BSC is going to continue evolving into an ecosystem that can rival Ethereum, itļæ½ļæ½ļæ½s going to need the ability for people to set limit orders, because I can tell you there are many traders who wonā€™t touch a setup without one. Not everyone has all day to stare at PancakeSwap and check the price go up a cent, down a cent. + +Of course, if that is your bag, BogTools is also offering free charts unlike some of your greedier services out there demanding subscriptions through their token. Nope, they donā€™t need to rely on weak tactics like that over at Bogged Finance, where theyā€™ve built their own price feeds and on-chain oracles (which they have big plans to expand on later this year and in 2022 as defined in their roadmap). + +**Bogged Finance might have started as a meme but itā€™s one by one taking down each major infrastructural issue with BSC**, and even having a little fun creating a usable RNG system utilizing their oracles that would be great for all of the new lottery and casino coins coming out. + +At a $17M market cap, and an ATH tracking above this mark, Bogged Finance has been consolidating the past couple weeks and looks ready for another breakout. The developments have been nonstop lately and it looks like the public is starting to see that this project is no joke. **Considering Kyber hit $700M on the Ethereum side of things bringing DEX limit orders to that network, I wouldnā€™t be surprised if Bogged Finance adds another digit in the coming year as BSC continues to expand.** + +Donā€™t let this be your lasting memory of this bull run, of getting Bogged for deciding not to get $BOG. And donā€™t you dare sell either. Otherwise seriously kids, youā€™re just NGMI + +Pancakeswap: [exchange.pancakeswap.finance/#/swap?inputCurrency=0xD7B729ef857Aa773f47D37088A1181bB3fbF0099](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xD7B729ef857Aa773f47D37088A1181bB3fbF0099) + +Website: [bogged.finance/](https://bogged.finance/) + +Limit Orders: [bogged.finance/trade](https://bogged.finance/trade) + +Charts: [charts.bogged.finance/](https://charts.bogged.finance/?token=0xD7B729ef857Aa773f47D37088A1181bB3fbF0099) +I just wanted to say that everybody here on /r/personalfinance is really great. I think the tips and advice given here really does help a lot of people from all walks of life. This past weekend I roughly added up all my assets (minus liabilities) and was pleasantly surprised that my total net assets were well over a million. I've always had the goal of getting to $1 million in my first 10 years of working. Being a doctor kind of slows your younger years financial planning due to the decade-plus of higher education and training,... not to mention student loans. Not sure why $1 million specifically was a goal,... other than the nice round number of it,... but it's reached. My long term goal is $1 million into the retirement fund every decade which I think should be pretty easy at this point barring some disaster. + +If anybody is interested I outlined some aspects of my life and philosophy that I think is responsible for this accomplishment. + +* Be goal oriented. + +* Work hard toward your goals. + +* Invest in yourself. Education, reading, training, experience, networking, and hobbies. + +* Don't spend more than what you make/have. This is true regardless of income. I save roughly 50% of my post tax income. Even when I was in college I never spent more money than I had in my bank account. + +* Pay off your credit cards fully at the end of the month. + +* Hang around with smart people. If you are the smartest person in the room, you are in the wrong room. + +* Don't be (close) friends with people who are self destructive. I think at a subconscious level the behavior of our peers does influence us to a certain degree. + +* Have hobbies outside of your line of work. Continue to pick up new hobbies and skills. Don't stagnate. + +* Like your job. Doesn't mean you have to necessarily like going in every Monday morning. But if you absolutely hate your work 100% time, you really need to rethink the career choice. + +* Be realistic. Everyone says you should be optimistic,... but in all honesty I think a healthy dose of realism is the best. You may like art, but unless you really have the talent of Da Vinci, getting that bachelors in Art is probably not going to pay off. + +* Be relatively healthy. Take care of your body. You don't have to be a health nut but try to eat healthy, a few hours of exercise per week, and don't do drugs (more on this below). + +* I know this is going to be controversial,... but I'm going to say it. Don't do drugs (legal or otherwise). Not because they are evil, ethically wrong, or some morality BS,... but rather because I have never seen drugs (which includes excessive alcohol) improve people's lives and I have seen it destroy many. They are typically expensive "hobbies" that at best are neutral for your well-being and at worst can completely destroy your life both legally and from a health perspective. + +* Don't "settle" on your choice of a SO. This may be the most important thing. We all fall in love but look very hard at the potential faults of your SO. If there are some big red flags, heavy drug use, dishonesty, violence,... move on. There are other fish in the sea. It's ok not to compromise on core values. And no, you won't be able to "fix them." + +* Don't lie, cheat, be dishonest or vindictive. It never helps you in the long term. + +* Buy things and spend money on things that make YOU happy. Don't worry about what other people think as you can never "keep up with the Jones's". + +* Try to fix things yourself when when they break. It's amazing how daunting it can be to try and fix a leaky toilet the first time. But you watch a youtube video, by the $8 in parts, and spend 20 minutes doing the actual work. You learn a new skill, save $200 on the plumber's fee, and won't panic the next time it breaks. + +* Care and try to help others (but not to the point where it will directly hurt you or your loved ones). I think the act of giving is underrated. I personally feel that directly helping others with tasks or advice is better than directly giving money. + +* Last, enjoy life. Saving money is not the actual goal, it's about being free to do what you want in life. I travel, buy "toys", fund my hobbies, build things myself, and generally spend on things make us happy. Money = Freedom and peace of mind. + +Well, sorry about the rant but I figured I share my experiences. Best wishes to all my fellow /r/personalfinance friends. + +**EDIT:** I've had a lot of PM's asking why this was removed and if I can send them a copy of the original post. I contacted the mods, they reviewed it and put it back up. So it's back. Thank you mods for re-evaluating the post. + +I also wanted to clarify the intent of the post as it seems there has been some confusion about this. It is NOT a instruction guide on "how to make $1 million dollars in 10 years." The $1 million in 10 year time frame was a personal goal of mine based on my income, standard of living, fixed costs, and savings goals I thought I could meet. Obviously if your income is different, costs of living higher or lower, etc... your goals will vary. The point I was trying to make is that my general bullet points could be applied to most individuals. The actual monetary goal and time frame would be variables that are different for everybody. + +I will say one thing about people that claim that saving $1 million dollars for the average person is not doable. It is the equivalent of saving $405 every month from age 25 to 65 (with a 7% interest rate presumption). That's the equivalent of saving 10% of the average American household's income on a yearly basis. Not saying that it can be done for everybody, but for the majority it can be a realistic goal. +So I have a solid NW and high paying job. My mom still works but has essentially no savings and was being forced to move to a new rental a few years ago at age 68. I bought her a house for $800k and put $200k down. She pays $2500 a month in rent to me. I lose probably $10-15k a year after taxes and everything. + +I told her that she should basically treat it as her own house, make any upgrades she wants without my approval needed. + +My mom and her new husband (have been together for many years and I like him) have put in about $40k into various remodeling projects. + +Now we are seeing that the value is maybe $1.2-1.3 million. They are thinking we should split the profits in some way. When we got into this profits werenā€™t discussed and they have benefited from below market rents and stability. I agreed to never sell it or raise rent. + +We also have some other maintenance repairs needed of $10-15k and the question is who pays for these. + +I realize we likely should have ironed all this out up front and it is more difficult now. + +My thought is perhaps I agree that all of this home equity is essentially theirs for rest of their life if they wanted to move or something then I would agree roll it to a new place and they could cover most of the mortgage so my annual losses are same as they are today. + +If they wanted to downsize or just end the arrangement I was thinking I could take my down payment and figure out what the SP 500 did over same period and pay that return amount first and then split 50/50 whatever is less after paying taxes and everything. This might end up running into gift tax issues and things though so maybe would be paid over a few years time. + +Perhaps it is a personal deal in terms of how to divide it all up. I certainly have more than I need and can help my mom and her partner here but I also took the risk of buying this and had the opportunity cost of not being able to invest this $ in the market while tied up in the house. It now seems that because wit is worth so much more they are thinking they deserve a cut of the profits. I could certainly just stand tall that I own 100% and that was always the deal but it seems pretty greedy and these profits donā€™t really change my lifestyle at all. +For all of those who talked to their family members about the markets at Thanksgiving dinner, and convinced them to buy crypto or stocks. A good idea in general, but the timing could not have been worse. + +At this very moment, members of our community are getting throttled like Bart Simpson by friends and family members who put too much money into the markets right before a big correction. + +Now all that we can do is have a moment of silence for our brothers and sisters who are facing all of the blame and frustration of their loved ones for giving them solid advice but at the wrong time. Hopefully we will all recover and be able to say I told you so in the future +**Towards self-governance** + +If we're heading towards a decentralised world, more will be at stake than ever before for the online communities that inhabit it. A core problem involves the need to facilitate broad-based and representative decision-making within these communities. Contribution-weighted governance enfranchises community stakeholders and allows for healthy growth. + +The new polling and donuts features on the sub have been added as a way to experiment with one form of community-based decision making. They reflect the motivations behind previous attempts to try this out ([ethtrader dao](/r/ethtrader/comments/72scaj/) and then the r/recdao project). A core component in these was a karma derived token. While it can be improved upon, sub specific karma is a reasonable proxy for contribution. This metric represents "work" that can be leveraged to do [sybil](https://en.wikipedia.org/wiki/Sybil_attack)-resistant governance. + +My own interest in the Ethereum project is based largely in the belief that people should have influence in the systems that affect them. While polling & donuts don't use Ethereum as the r/recdao project did (could they?), they offer other advantages. Iteration and feature development happen fast. And being integrated into Reddit means the user experience can be first class. These new features are a great opportunity for this sub and also for the wider understanding of how to optimise for healthy online communities. + +**My role** + +As a moderator my first and most important principle is to allow free expression of ideas. In support of this there is also a duty to protect against spam and manipulation. While we all influence what this sub looks like when we vote on content, [give feedback](/r/ethtrader/comments/9t6yha/daily_general_discussion_november_1_2018/e8vix6g/), and vote in governance polls, my own desire is to see r/ethtrader: + +- promote the Ethereum project and ecosystem +- encourage and support sound and reasoned investments and strategies +- be welcoming and entertaining +- explore ways to improve itself +- decentralise itself +- be self governed + +&nbsp; + +I'm happy to expand on any of the above - just ask in the comments. Thanks for reading! + +**Do you approve me to remain as first moderator?** + +[View Poll](https://www.reddit.com/poll/9tm60s) +Have you heard about **$GAMESAFE** ? + +If not, don't worry it's a brand new token that has been released 9 days ago. You still have time to take the train šŸ‘ļøā€šŸ—Øļø + +**GAMESAFE** aim on building a promising gaming marketplace where you will be able trade,sell, and buy **Digital Games** with **$GAMESAFE** token. There is **no service that made the connection between gaming and smartchain**, therefore, the team of **$GAMESAFE** launched their own project starting with a presale where they've raised 100bnb. Actually the token is listed on PancakeSwap. + +No financial advice but this could become the next **$GMR** , GMR launched on May 2021, they are at $223,923,563 marketcap. Imagine if **$GAMESAFE** reach an equivalent level? That would be a x100-150 for all holders. Time to choose color of your future lambo šŸ˜Š + +**$GAMESAFE** has grown steadily **in the past 96 hours.** + +* ATH 4.5M MarketCap +* 2200+ Telegram Members +* Almost 3000 Diamond Hands šŸ’Ž +* They've requested Coingecko,CMC and Blockfolio listing +* Managed to organize an awesome marketing strategy (Tiktok, twitter and youtube promoted content with influencers) +* AMA coming this week +* Big influencer marketing tomorrow, 800K twitter followers and 4M + Tiktok followers. + +Tokenomics are simple and easy to understand. Total Supply of 1,000,000,000,000,000, with half of it burned at the launchment. 10% tax, where 5% goes to holders and 5% goes to liquidity pool which is locked for one year. + +ā˜„ļø Features list: + +šŸ‘¼ Token launched 1st may so it's still new + +šŸ¤š 10% tax shared between holders and liquidity pool + +šŸ™Œ Ownership renounced, and liquidity pool is locked for one year + +šŸ”„ Half of total supply burned + +šŸŒ **Utility Links** + +*Pancakeswap:* [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x70a44672B9BBcF4D49dCEaA610eB580BD3c94c52](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x70a44672B9BBcF4D49dCEaA610eB580BD3c94c52) + +*Website*: [https://gamesafe.io/](https://gamesafe.io/) + +*Telegram*: [https://t.me/gamesafegroup](https://t.me/gamesafegroup) + +*Twitter*: [https://twitter.com/gamesafetoken](https://twitter.com/gamesafetoken) + +*Contract*: [https://bscscan.com/address/0x70a44672B9BBcF4D49dCEaA610eB580BD3c94c52#code](https://bscscan.com/address/0x70a44672B9BBcF4D49dCEaA610eB580BD3c94c52#code) + +*Youtube video on 120k account*: [https://www.youtube.com/watch?v=zlv3oMTpokA](https://www.youtube.com/watch?v=zlv3oMTpokA) +Welp, I found out where my true risk tolerance was for options. Turns out it's a 20% swing in my account. I've closed my MA, FDX, INTC, and AAPL positions out for a realized loss to go back to dry powder. I'm bagholding 200 shares of TGT, 100 of ORCL, and at the Mar22 expiry, 200xMSFT @ $300 on margin. The rest of the portfolio is in cash for now. + +I'll ride this down on the long share positions I have until the trend is our friend again. I can stomach share losses of upwards of 50%; I managed through 2002-2003 and 2008-2010 just fine in long positions. FY22 unrealized losses, $11,000; realized losses $5,400. Account value formerly in the ballpark of $50k. + +See you all at the bottom. +Get ready ladyapes and gentlemen apes. Yesterday there was a post featuring a Steve Bannon quote. Just now, there was a post which included a reference from a 9/11 illuminati Conspiracy theory. The new fud tactic is going to submit despicable content to make the movement look insane. The shorts know that we are going to have new people looking in soon, and want them repelled. Stay vigilant and report the fud. +Previously, I had to enter details on cleartax one by one per trade which was quite painful, but it now supports parsing zerodha statements, along with CAMs/Karvy for mutual fund transactions, to automatically fill the tax return with all of the capital gain details required to be filled in. + +Filing via income tax department's tools is also complex as it requires calculating everything and then entering totals, but the process has become much more seamless this year via cleartax. +TD LR: I see a sudden spike (30% increase) in Senior citizens health insurance premium, would like to know if you have seen this as well and how you plan to sustain such increase and in future. + + +Details: + +I have my mother's(69) medical insurance from Royal Sundaram. Never had to make any claim for the insurance so the coverage is now 5 lakhs plus 3 lakhs NCB. + +Last year the premium was about 34k and in this year's renewal notice I find the premium as 45k. + +I see a 30% increase in the premium, when enquired, I was told that they upgraded my policy and the upgraded policy includes a host of treatments which weren't covered earlier. I thought they don't have the rights to change my policy without my consent, but they flashed some IRDA directives which allows them to spike the premium every 3-5 years. + +I know each year the premium would increase, but I was not prepared for a 30% spike. This year the premium is 45k, I don't know what would it be for the next year and subsequent years to come. + +How do I prepare myself to meet this? I need to assess my capacity to afford these premium for the next 10 years. + +I'd like to know your experience, did you also find a spike in premium of senior citizens health insurance renewal this year? + +How did you handle it? + + +Is it reasonable to ask Royal Sundaram to share a table to compare the premium before and after hike of senior citizens age 69, 70, 71...80? + +Thanks + +Edit 1: Thanks for sharing your experience, am sure we have a sizeable population who experienced a similar situation in the past, their suggestions would be really valuable. +https://www.reuters.com/business/finance/uk-launches-taskforce-potential-bank-england-digital-currency-sunak-2021-04-19/ + +Thoughts on this announcement? Do we think that these kind of national currencies would make their way onto a platform like Coinbase or be separate from it? Obviously China pushing theirs quite heavily already. +What is happening to this monster of a ETF. I have had 100% returns this year, but it seems to be tanking over the past month or so. Obviously the underlying assets are failing, therefore the fund is tanking, but this seems a little excessive when we are in an asset bubble. Thoughts? +On its face, itā€™s obviously great for Bitcoin if El Salvador adopts it as its legal tender. There are, however, nuances in the internal revenue code that make this news much bigger than most realize. + +Most know that when trading foreign currencies gains must be reported and are taxed. But Section 988(e) carves out a *de minimis* exception for ā€œpersonal transactionsā€ where the gains do not exceed $200. + +This is intended to allow travelers to transact in foreign currencies without all of the burdensome reporting requirements. + +So far, Bitcoin has not qualified for this exception. Under IRS Notice 2014-21, the IRS opines that Bitcoin is ā€œpropertyā€ and not a ā€œcurrencyā€ because ā€œ**it does not have legal tender status in any jurisdiction**.ā€ There is a good argument, though, that once Bitcoin is ā€œlegal tenderā€ in El Salvador, it will qualify for US individuals as a ā€œnonfunctional currencyā€ (under Section 988), allowing individuals to forgo reporting gains on small, daily transactionsā€”ā€œpersonal transactions.ā€ + +In other words (**tldr**), if Bitcoin is legal tender in El Salvador, US citizens could possibly freely transact in Bitcoin, as a ā€œnonfunctional currency,ā€ without a need to report gains of less than $200. + +Thatā€™s potentially huge news for retail US citizens, but **there is also huge news for US Bitcoin businesses.** + +Most US businesses use the US dollar as their unit of account for bookkeeping and reporting. However, there are cases where businesses operating primarily in foreign jurisdictions use a foreign currencyā€”the unit of account does not have to be USD. The unit of account used by the business is the ā€œ**functional currency**ā€ of the business and, perhaps, even an individual (see Sec. 985 IRC). If a businessā€™s ā€œfunctional currencyā€ is a foreign currency, it does not have to bother with gains/losses related to USD fluctuations. + +Again, under Notice 2014-21, Bitcoin cannot qualify as a functional currency. And, again, this could change if El Salvador adopts Bitcoin as legal tender. + +**Final tldr** If Bitcoin becomes legal tender in El Salvador, IRS Notice 2014-21 may become partially null, relieving US individuals and business of huge tax and reporting burdens, paving the way for Bitcoin to legally and easily be used as a currency in the US. + +*Disclaimer: I am not a tax lawyer. The discussion and analysis on this should be much more detailed before financial decisions are made. Iā€™ve written this to be used as a starting point for discussion with a tax lawyer.* + +**Edit**: Many have pointed out that Japan recognized Bitcoin as ā€œlegal tenderā€ in 2017. They did not. A lot of misinformed authors incorrectly wrote that, but there is a distinction between Japanā€™s legal recognition of Bitcoin as a form of payment and what the Code/Regs/precedent considers ā€œlegal tender.ā€ I think (and hope) that El Salvador will truly recognize Bitcoin as legal tender. + +**Edit 2**: A Decrypt article mentioning this thread and citing former IRS counsel to point out additional nuances. https://decrypt.co/73101/el-salvador-legal-tender-move-unlikely-to-change-us-tax-on-bitcoin-former-irs-counsel. FWIW, I agree with most of whatā€™s written. Particularly, (1) if Bitcoin is currency, all gains over $200 would be treated as ordinary income rather than capital gains and (2) the IRS will likely need to be challenged before their is clarity on whether Bitcoin will qualify as a currency rather than ā€œproperty.ā€ I disagree that it will require ā€œmore and moreā€ countries to recognize it as legal tenderā€”one should be fine, but it is true that there will likely need to be evidence that Bitcoin is actually commonly used for personal transactions (not just a pretextual ā€œlegal tenderā€). With the lightning network quickly gaining momentum, I expect El Salvadorā€™s move to be the catalyst that starts to convert Bitcoinā€™s usage from just a store of value to also a common medium of exchange (i.e., a currency). +No, just no, you fucking interns. Fuck off with that BS. + +I've waited DECADES for this market to unfuck itself. I'm spry as a nubile Jedi youngling. You can take your shill ass "I'll be ancient when it squeezes" "I'm tired" "GME Takes forever" BS. + +NO DATES BITCH, including the dates you say are taking too long. + +I will downvote and report each and one of your FUDDy-pudding posts. +Why is there always some highly upvoted person in the comments, bashing dividends, saying go growth, when the topic was like, rate my dividend profile, or I have 15,000 and want to spend it on dividends. + +I get the growth stocks can be useful, at certain stages of a dividend investment career, but the upvoted answer by the dividend user base in most threads isnā€™t pertaining to dividends. + +Why?? +I am not a paranoid prepper but perhaps should have some sort of reasonable stash during these still crazy times. What do you keep in your home safe? Cash? Bars of precious metals? Thankfully my wife and I donā€™t see much value in expensive jewelry. +Since y'all haven't had enough of the city relocation posts. I see a lot of these posts where buying a home/schools for kids is a factor, which isn't important to me at this phase of my life. +Last house I purchased was < $1M and the real estate agent we had was great. + +We're looking at purchasing a new house probably north of $4M. I just assumed I'd go with our previous real estate agent, but my wife wondered if perhaps we should try to find an agent that specializes in higher end properties. + +I was just wondering if anybody has any experience in this. Do real estate agents who specialize in luxury homes actually make a difference? +Jeffrey Yass, co-founder of the Susquehanna International Group (SIG) has a near perfect record in investing. From options to ETFs to TikTok, and now sports gambling and cryptocurrency, it's extremely suspicious how he's continually hitting grand slams. + +Yass also has skeptical associations to charities and foundations with ties to political parties and hate groups. + +When Yass isn't being suspicious, his second favorite activity is gambling and game theory. One of Yass' central philosophies is **if the odds are in your favor, go all out.** What a fitting motto for the current situation. + +&#x200B; + +Edit: since this took off and u/SnooFloofs1628 pointed out theres no usefull link in this post i decided to add them in since he was so kind to put some in his comment. + +* [https://www.reddit.com/r/Superstonk/comments/pou6p6/know\_your\_enemies\_behind\_door\_number\_three\_jeff/](https://www.reddit.com/r/Superstonk/comments/pou6p6/know_your_enemies_behind_door_number_three_jeff/) +* [https://www.reddit.com/r/Superstonk/comments/nbqbrc/the\_hedge\_fund\_cabal\_steve\_cohen\_citadel\_and/](https://www.reddit.com/r/Superstonk/comments/nbqbrc/the_hedge_fund_cabal_steve_cohen_citadel_and/) +* [https://www.reddit.com/r/Superstonk/comments/mn5bis/order\_flow\_and\_options\_manipulators\_the\_heinous/](https://www.reddit.com/r/Superstonk/comments/mn5bis/order_flow_and_options_manipulators_the_heinous/) +* [https://www.reddit.com/r/Superstonk/comments/p9kqqy/jeffrey\_yass\_susquehanna\_and\_gme\_moass/](https://www.reddit.com/r/Superstonk/comments/p9kqqy/jeffrey_yass_susquehanna_and_gme_moass/) + +[ JEFFREY YASS DOES NOT WANT YOU TO TALK ABOUT JEFFREY YASS!!! HE DOES NOT WANT YOU TO KNOW HE EXISTS. HE MOVES UNDER THE COVER OF SHADOWS. IT'S LITERALLY HIS PRIORITY TO REMAIN UNDERNEATH THE RADAR. HE DOES NOT WANT YOU DIGGING INTO HIS SECRETS AND HIS TRADES. HE CONSIDERS YOU TO BE FUCKING STUPID. HE CONSIDERS YOU TO BE THE DUMB SIDE OF THE POKER TABLE. ](https://preview.redd.it/hrfg8oltizi81.jpg?width=640&format=pjpg&auto=webp&s=449e93bcaa143b2e6664ba3e39f0cbc4771df302) +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! + +> [U.S. TREASURY TO CHARGE SEVERAL FINANCIAL INSTITUTIONS FOR MONEY LAUNDERING USING CRYPTOCURRENCIES -SOURCES](https://twitter.com/Fxhedgers/status/1383611847144730626) + +[Reddit: Google Maps showig activity in Citadel HQ](https://www.reddit.com/r/Superstonk/comments/mt4j8w/shitadel_hq_oddly_busy_right_now_on_a_weekend/). + +[Google Maps link to Citadel HQ](https://www.google.co.uk/maps/place/Citadel+Enterprises+America's+LLC/@41.8801637,-87.6282023,19z/data=!3m1!5s0x880e2cbcb2674a9d:0x424899df3c9d2a63!4m5!3m4!1s0x880e2cbca3176469:0xb50c07f9bb38b9c1!8m2!3d41.8797542!4d-87.6291641). + + +On Google Maps it appears there was activity (and a lot, simply a few phones wouldn't have triggered Google to say there was activity at the HQ) at Citadel's HQ after hours. + +--- + +**Cryptocurrencies just took a MASSIVE dump**. Something crypto has NEVER seen before. Crypto is volatile, but this was unprecedented. I've been in crypto since 2017 and never seen anything like this. Bitcoin dumped from $59,000 to $51,000 in less than 20 minutes. + +*[[***INLINE EDIT***: cryptocurrency dump may be [unrelated](https://www.reddit.com/r/CryptoCurrency/comments/mt6cq5/ok_so_this_is_the_reason_for_the_dip/?utm_medium=android_app&utm_source=share) BUT **that doesn't matter**. If the Tweet is accurate, we can almost be sure that explains why there is currently activity at Citadel HQ. Check my final edit, there's insane activity at Citadel HQ right now.]]* + +--- + +The timing of this Tweet AND CITADEL HQ ACTIVITY confirms to me that these 2 events are definitely related, and brings validity to these rumours. + +I think HUGE news is about to drop boys. These charges will be very, very fucking interesting. + +Explained GME to a couple of my family members and showed them some DDs like the everything short and we are buying in again on Monday (especially because DFV doubled down, I regret not doubling down with him before and now he has given us the opportunity again). I'm an XXX holder from late last year and I'm not selling until I make at least $100,000,000 from this. The global economy is about to crash and GME is our hedge against it. + +Load up on tendies autists, this week might be insane. + +edit: added Google Maps link to Citadel HQ. + +edit 2: HOLY FUCK. **THEY ARE STILL AT CITADEL HQ**. I just realised the RED BAR is the LIVE activity. It literally shows the CURRENT activity. [LOOK AT THIS SCREENSHOT.](https://i.imgur.com/H4GBOBD.png) It shows there is STILL people at Citadel HQ. It's 1AM in Chicago. They have been there SINCE the [last post](https://www.reddit.com/r/Superstonk/comments/mt4j8w/shitadel_hq_oddly_busy_right_now_on_a_weekend/) which was made 3-4 hours ago. + +edit 3: Someone [got a picture of the lights on](https://www.reddit.com/r/Superstonk/comments/mt6rop/kenny_and_the_boys_working_late_on_saturday_huh/) in their HQ. Easy raid or employees shredding docs? [Here is another picture of the lights on from less than 20 minutes ago](https://i.imgur.com/HxMpmYh.jpg). + +edit 4: WHAT THE FUCK! [THERE IS MORE ACTIVITY AT CITADEL HQ RIGHT NOW AT 2 AM THAN THE PEAK ACTIVITY IS EVER DURING THE ENTIRE DAY FOR SATURDAY](https://i.imgur.com/jL7NtGK.png) + +edit 5: removed a paragraph talking about the cryptocurrency dump because it's UNRELATED. There is CRAZY activity at Citadel HQ right now, and if the Tweet is real it might be related +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + + I'm going to try to keep this simple and short. +Simple deductions from Ortex's comments say the following: +The data was real. The borrowed shares are real. +And they're probably in damage control. + +These are simply parts of this comment chain: + +[https://www.reddit.com/r/Superstonk/comments/ykacjy/comment/iuwj96s/?context=3](https://www.reddit.com/r/Superstonk/comments/ykacjy/comment/iuwj96s/?context=3) + +According to Ortex, here on reddit: + +https://preview.redd.it/dsw0x7q4tjy91.png?width=649&format=png&auto=webp&s=a7b0d3a0ae0946180fe57ec353dfd6e18a1bca92 + +"If the activity was related to broker-to-broker loans (as opposed to a data issue), then we would expect to see related increases in CTB data as each lender in the lending cycle would add a small spread to their fees to collect their margin. We did not see that here." + +When pointed out that IBKR, one of their data sources actually had an CTB increase that day they said: + +https://preview.redd.it/jy38uv48tjy91.png?width=582&format=png&auto=webp&s=e888f16734eb82c6be588f76805eb6141ecbcc8b + +"Just for technical clarification, our primary lending pool data does not necessarily include IBKR data but may at times depending on the situation." + +... + +"However, if IBKR does not have sufficient supply internally and goes out to the Street for the locate, and secures supply from a lender that uses the securities lending/finance management platform..." + +Which is true. IBKR is just one of many institutions that supply shares to borrow for shorting, to retail or otherwise. + + +But, this is the important part of their response: + +"securities lending/finance management platform" + +Also known as FIS. + +[https://www.fisglobal.com/en/products/fis-securities-lending-processing-platform](https://www.fisglobal.com/en/products/fis-securities-lending-processing-platform) + +This was already suspected a few days ago, u/CruxHub made a good post about it: +[https://old.reddit.com/r/Superstonk/comments/ygwlbh/ortex\_likely\_receives\_short\_interest\_data\_from/](https://old.reddit.com/r/Superstonk/comments/ygwlbh/ortex_likely_receives_short_interest_data_from/) + +/u/hell-mitc asked Ortex if it is actually FIS, but so far Ortex hasn't responded on that. + +&#x200B; + +After looking at Ortex's profile I found another response from them on another comment by /u/timmmmmmmyy in another thread. + +If you read that chain you see a comment from Ortex saying: + +https://preview.redd.it/blui67zctjy91.png?width=736&format=png&auto=webp&s=3c7233e83182bb763521336e61bbc9de4c53a66b + +"**There is no indication that some provider was intentionally providing false data for GME**. GME is just one of several impacted stocks, albeit with the largest following and interest." + +I think everybody here can agree that FIS can't afford to send fake data. + +So, the data we saw is, by Ortex's own words, **Real, unaltered data**. + +And with that: GME isnā€™t singled out. ALL of the tickers Ortex showed is based on actual real data. +To me, thatā€™s an interesting point especially with all the swaps and CS still dealing with Archegos fallout. + +&#x200B; + +**Next up, some stuff about FIS.** + +**Disclaimer:** this is mostly a copy/paste from discord when the research was done**.** + +Iā€™m asking you to pick this apart. Since Ortex completely ignored the question we have to do the research ourselves. This has never stopped this sub before, so letā€™s go! + +If you want to join the Superstonk discord, see either the sidebar or the menu bar at the top, or in the QV Bot comment. There should be a link. + +\-------- + +&#x200B; + +Interestingly, Credit Suisse is one of FIS's clients.. + +https://preview.redd.it/85ihel8ltjy91.png?width=700&format=png&auto=webp&s=7626c287e1d76354af7ef21b54e01a04941f4ff9 + +[https://www.fisglobal.com/en/insights/fis-client-stories/creditsuisse](https://www.fisglobal.com/en/insights/fis-client-stories/creditsuisse) + +From FIS website + +The company was founded in 1968 as Systematicsā„¢ļø, which was later acquired by ALLTEL Information Services, and then bought by title insurance giant Fidelity National FinancialĀ®ļø in 2003, who renamed it Fidelity Information Services (FIS). Over the course of the next few years, FIS acquired several other financial technology firms, including CertegyĀ®ļø in 2006, eFundsĀ®ļø in 2007 and MetavanteĀ®ļø in 2009. + +FIS is a registered trademark + +Offers this on their website + +[https://www.fisglobal.com/en/products/fis-compliance-suite](https://www.fisglobal.com/en/products/fis-compliance-suite) + +The "compliance suite" + +These are the patents assigned to FIS Financial Compliance Solutions LLC + +https://patents.justia.com/assignee/fis-financial-compliance-solutions-llc + +Patents Assigned to FIS Financial Compliance Solutions, LLC - Justi... + +Justia - Patents - Patents and Patent Application Resources + +Specifically this one + +[https://patents.google.com/patent/US9058380B2/en?assignee=Fis&oq=Fis](https://patents.google.com/patent/US9058380B2/en?assignee=Fis&oq=Fis) + +US9058380B2 - Methods and systems for list filtering based on known... + +Methods and systems are disclosed for implementing data matching techniques. In some embodiments, methods and systems may be implemented for filtering a received record associated with at least one record attribute against an entity record. The methods and systems comprise, for example, applying a record attribute weight to the at least on... + +Which states how their cross referencing occurs via databases + +ā€œThe disclosed embodiments provide methods and systems for list filtering. In one embodiment, list filtering enables transactions to be monitored and flagged for a variety of reasons. For example, if a participant in a financial transaction is known to have committed fraud in the past, a watch list filter system consistent with disclosed embodiments may flag the transaction as potentially fraudulent. As another example, if a participant in a financial transaction is known or suspected to be involved with a terrorist group, narcotic group, or is otherwise on a list of individuals known to be involved in illegal acts, a watch list filter system consistent with disclosed embodiments may flag the transaction in order to stop or pause it and/or alert appropriate parties (such as a government agency). In certain embodiments, a list may include, for an example, a watch list, a list of sanctioned or embargoed entities such as an OFAC (Office of Foreign Assets Control) list, RFC (Risk, Fraud & Compliance) lists, or the like. In some embodiments, lists can contain up-to-date information and known ā€œgoodā€ data such as data obtained from a reputable source (e.g. a government authority such as the U.S. Treasury).ā€ + +"...enables transactions to be monitored and flagged... a watch list filter system... may flag the transaction in order to stop or pause it... may include.. watch list.. of sanctioned or embargoed entities such as an OFAC.. list, RFC.. list or the like" + +&#x200B; + +So, to me this says the data from FIS has to be legit, all the time. +Whatever Ortex, or another institution gets from FIS is real data. + +Anyway, pick it apart, Do the research. Discuss. + + +I really tried to keep it shortā€¦ + +&#x200B; + +Hatter out. + +Peace! +Have been reading the chatter on the usual sauces about nobody needing "more than a $5m super balance" because dividends on that amount invested equate to something like $350k/ann tax free as a retirement pension. + +Sounds reasonable. + +Not that I'm in any danger of ever having that kind of earning capacity, but with a $27k/ann cap on contributions - how are "these people" getting to a $5m balance with this relatively low per annum contribution cap? + +Is it through SMSF? Dodgey investments in said SMSF? Multi-party funds/SMSF? Money laundering? +Short term pain for guaranteed gain is better than the risk that the MM just stop making a market on lit exchanges and suppress the price. We just read the report - the DTCC will stop at nothing to keep a lid on this. + +My company, that I own a piece of, will do phenomenally well. As EPS increases, and perhaps dividends are reinstated, the desire to own shares will increase. Itā€™s inevitable that there will be bag holders and I refuse to have my shares where my only protection is SIPC. +So as the title suggests after 5 months of dabbling in the wheel strategy, I've come to the conclusion that CSPs are better than CCs. + +CSPs provides much more flexibility in that you can roll down and out if the stock moves against you or if you have second thoughts and want to avoid assignment altogether. Most of the times you are even able to do this for a credit. + +Whereas with CCs, you are pretty much at the mercy of the underlying. Sure you can roll up, down and/or out as well but if the price is below your cost basis, you're pretty much bagholding. The premiums received doesn't compare to the drop in value in most cases. + +I've only started rolling last month, if I had discovered or learned about this sooner I would (possibly) have been able to avoid assignment on a lot of meme and questionable companies. Admittedly, I was chasing high IV at the time... mistakes were made and lessons learned. + +Another benefit of selling CSPs over CCs is the ability to use margin to increase you're buying power and not incur any interest until taking assignment. Personally, I don't think I'm worthy of such powers but it is a great tool to have provided you are honest with your personal risk tolerance. + +Curious to read what you guys think and whether or not if you have any additional suggestions and or insights based on your personal experiences when it comes to wheeling/rolling. +I've only lived in my home for two years and never thought I would need flood insurance. I feel so fucking defeated after having to evacuate at 3 am in my kayak with my home in 3 ft of water. I don't want to rebuild I just want to leave after something like this. Is they're anything I can do to forfeit my home? Will filing for bankruptcy an option? + +EDIT: +I'm not sure if I'm doing this edit right, I've always been a lurker. Someone just accused me of starting a go fund me scam. I have not. Please donate your money to reputable foundations. + +I am great full for everyone's response. I am reading every single comment and up voting as I go. I am thankful for everyone time. + +my girlfriend, dog and two cats were the ones that lost our home. We are in our mid 20s (except for the animals), and strongly believe we will rebuild whether we file for bankruptcy or utilize FEMA assistance. Because of this we believe other families, especially with children, need the help more than we do. + +Please do not donate anything tied to this post, only reputable foundations. + +We have already begun a claim with FEMA to see what we qualify for. We are currently staying with family and being taken care of very well. + +Everyone thank you for your help. +Recently Fed Powell mentioned interest rate hike of 75 basis points. It is easy for me to hear .75% increase. +Same language is used while explaining Dow Jones daily increase or decrease by reporters. Any idea why? +A little background... 44F/single/no kids. HCOL with $2.6M LNW and renting (though plan to buy a home in the next year or so). + +For the majority of my career I was in the corp world making $150-170K. Several years ago I left and started my own business in the digital media space. The first few years I made nothing (and burned through savings to stay afloat), but in the last couple of years my biz has grown significantly. Last year I paid myself \~$1M and this year it will likely be \~$1.5M (I have one other full-time employee). So my wealth accumulation has been quick and recent. + +I'd like to think I'm a fairly smart person, but as the saying goes... a smart person in one thing does not make you a smart person in all things. And while I'm a good saver, investing has definitely been my weakness. As more money came rolling in this past year I started asking more questions of my financial advisor (previously I was very hands off, I sent him a check a few times a year and he invested). As long as my money was increasing I didn't question much. But when you have more money to gain/lose you start paying more attention. + +I first learned of FatFIRE about 6 months ago and have been avidly reading (then researching) so much information from these threads (on a diff account). Thanks to all of you, I now understand that my current FA is a fee-based/commission advisor (it was a family friend recommendation) and my portfolio is not ideal for me. Case in point: I have two indexed universal life insurance policies (yep, with no kids/dependants) and two annuities. I know, I know. Of course, they were "sold" to me as investment vehicles for tax-free money on retirement and I had no idea my FA was making a commission on them. Ugh, I feel a bit bone-headed, but lesson learned. I'm now in the process of unraveling/re-allocating those funds and paid a fee-only FA a one-time fee of $2,500 for an assessment of everything + recommendations. + +My FatFIRE goal is $10M at 50. If everything keeps chugging along, I should make that purely off salary, and my biz is valued at \~$5M (though I don't know yet if I'd sell or get someone else to manage it and continue to pull semi-passive income out of it). + +My investing learning curve has been pretty vertical, so I'd love to hear any mistakes you've made and/or lessons learned along your journey to FatFIRE. Anyone else with some "doh" bone-headed mistakes? I'd love to avoid stepping in more piles of crap, especially given my short timeline to retirement. And if you have any other advice for me, I'll take that too. Thanks! +The COVID travel lull has me dreaming of big getaways, and with vacay time and money saved up it feels like Iā€™m setting up for my biggest fattest splurge trip(s) ever. + +Curious what some of you folks would recommend - locations obviously, but also what activities, lodging, amenities, exclusive experiences, etc you have gone for previously. + +I love a low-key, cheap, humble getaway (eg. Secluded cabin) but letā€™s hear about the other end of the spectrum. +original: [https://opendatabot.ua/analytics/bitcoin-2021](https://opendatabot.ua/analytics/bitcoin-2021) + +translated: [https://translate.google.com/translate?hl=&sl=uk&tl=en&u=https%3A%2F%2Fopendatabot.ua%2Fanalytics%2Fbitcoin-2021](https://translate.google.com/translate?hl=&sl=uk&tl=en&u=https%3A%2F%2Fopendatabot.ua%2Fanalytics%2Fbitcoin-2021) +How cheap/frugal do you have to be? My fatherā€™s net worth is at least $10 million mostly in real estate and he works an average job and lives in a small condo in a middle class neighbourhood. He refused to buy an air conditioner this past summer when I visited saying it will be over soon and I almost died from the heat. Ugh. Does anyone know someone like this? Do you have to be like this to get high net worth with a middle class job? +Instead of developing excess confidence trading through an extended bull market and overextending by chasing returns, I've learned the importance of risk management while my portfolio is still a fraction of my earnings potential. + +I developed a strategy and got the chance to see forward performance in a 'once in a lifetime correction' instead of relying on backtesting. I got screwed when I FOMO'ed and deviated from said strategy. And I'm happy for the learning experience. + +edit: 'once in a lifetime' was supposed to be tongue in cheek +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? +... And I'd be a thousand times more terrified if I was on the opposite side of its bet. + +It's like an entity, but it isn't. Like there was this firm with thousands of *self-motivated* researchers. Like it's a firm that replenishes its unrestricted cash every two weeks, and it consistently publishes its own research and ruthlessly vets it all on the same exact minute it was posted. + +It operates 24 hours a day, 7 days a week, and if 4 more days were suddenly added in a week, it would still be putting in the hours too, without extra pay, and even if they're all holidays. + +It is terrifying to imagine for anyone to go against it and go between this firm and its gains -- that firm which has unlimited capital, unlimited energy, unlimited time, and unlimited morale... + +And it still keeps on growing. + +Shit's got eyes everywhere even in places as obscure as Luxembourg. That "firm", right now, as we speak, is singlehandedly slowly owning the entire float of a highly shorted company that the big firms have ganged on. You can't find its core because it doesn't exist, but its eyes will show up almost anywhere it wants to when it needs to find something. + +Actually, it's even more terrifying that it is just individual investors doing their own individually arrived at conclusions. Had this been a single entity or person, a negotiation or even an assassination would have already happened to stop it. + +But this "thing" only feels like a market force that exists, yet it doesn't. You can't grasp it. You can't sue it. You can't negotiate with it. Let alone, you can't even beg for its mercy. + +You can only feel its presence and how it's out to take you and all your money and send you to jail on its way, and it will do all of that while laughing at the stories of your divorce and private dinners and a thousand other jokes at your expense. + +There's a new player in the game, it's out to get you, and you can't even grasp its form. +I have a significant amount of student loan debt from graduate school (~$140k). All loans are currently federal. I have been making steady (above min.) payments for the last few years. I plan to consolidate and re-fi with a private lender once forbearance is finally over on a five year term. + +I want to take the money I have budgeted to make that refinanced payment ($2.5k/mo.) and put it in a short term investment in the meantime. I plan to liquidate that investment and dump that sum on the loans before refinancing since it will all go directly to principal. + +I would like something stable but with an opportunity for at-least a little growth in the next 8 months or so. Any ideas or thoughts are appreciated! + +Happy to provide more info if needed. +As a part of a broader Reddit investment tool that I'm putting together, I couldn't help notice a trend. pulling out the top 20 DD posts by up votes (tickers below) only three stocks have actually made gains and only one over 5% (pongf). + +&#x200B; + +Obviously do your own DD, but it appears that popular pennystock dd this year has been more of a signal of when a stock has gotten popular based on previous gains than what its going to do in the future. + +&#x200B; + +I plan on doing more digging into the top 200 dd posts, but through about 40 the results are holding. + +&#x200B; + +I know occasionally the sub worries about dd posts from pumpers, but really it looks like the DD is coming right about the bagholding stage as the stock starts to slip. + +&#x200B; + +Tickers + +zsan + + + +CTXR + + + +tloff + + + +sngx + + + +ASRT + + + +CTRM + + + +KTRA + + + +PULM + + + +NVCN + + + +LPCN + + + +RIGL + + + +HITI + + + +ATOS + + + +INIS + + + +pongf + + + +pstv + + + +msnvf + + + +ssft + + + +rxmd + + + +iqst + + + +sgmd +Most of the US MNCs handout RSUs as good chunk of the compensation (usually between 15-50%). + +What do you do after the RSUs vest? + +1. Keep holding them - Too many eggs in one basket. Even your job is in same basket. + +2. Sell them immediately - And reinvest in equities. Capital Gains Tax liability is 0. If you donā€™t sell immediately, you will have to pay tax on whatever gains you make at marginal rate unless you complete 24 months. + +3. Sell ~70% of the RSUs - And keep 30% for long term + +While (3) makes more sense to me, most people seem to do (1). Why? +Iā€™m a big podcast listener and Iā€™m finding it pretty hard to find a good trading podcast. Any recommendations? Iā€™m looking to learn about what other traders are doing and hear stories about them. +As much as we love taking down hedge funds, we have to remember that the people who work at these funds donā€™t really lose much except for their jobs. Instead, it is the investors who have significant money in the funds. + +Based on Melvin Capitalā€™s filings, some of the biggest investors in their fund were NYC government officials pension funds, which includes retirement accounts for teachers, janitors, and other regular people. Us monkeys are making a lot of money from GME and AMC but we should do it while making sure itā€™s only the hedge fund who are suffering, and not regular people. + +As a result, if you were one of these people whoā€™s retirement account is at risk due to what happened with Melvin, comment below and generous monkeys can help you out. + +This is a war between the billionaire hedgies and commoner autists like us, and we should make sure that everyday people donā€™t become casualties. When hedge funds make money at the expense of others, they buy a new yatch. When WSB makes money by killing hedge funds, we give it back to the needy. Letā€™s make sure that rhetoric sticks. + +Peace out autists and keep on holding šŸ™ŒšŸ’Ž +Two months ago I was offered a great job, with fantastic pay, with the small catch being that it required me to move 350 miles away into a new state with no familiar faces. At this point I had lost everything that had value to me, monetary or otherwise, due to some bad decisions. My mother reluctantly gave me her car and some cash, with a promise that I would repay her. + +Last week new management at my new job, decided to cut costs by cutting labor. Which meant laying off the newest employees: which included me. + +Now I'm broke, I moved back home to make the little bit of cash I have last. I havent paid back my mom, and she's leaving the country with my father, leaving my locked out of the house. In the 7 days I've been home, I've sent in dozens of job applications, and while those may eventually lead somewhere, it might takes months to find a career job. So in the meanwhile, my friend hooked me up with a gig as a pizza delivery driver. + +I don't have a couch to crash on, or other family to stay with. I don't think I have any other option but to sleep in my car. I'm 21 in California. What steps can I take to make this easier, and get me out of this hole I'm in? +Have any of you invested heavily in growth stocks and then reinvested the gains into dividend stocks? To me that seems like a much faster way to grow your dividend portfolio. + +I have played around with the idea since it to me seems like a much faster way to grow your wealth with growth stocks rather than wait for the compounding effect the dividends has. + +A few 5-10 baggers would yield me a much greater return on a limited timeframe than investing continuously into the same dividend stocks, right? + +I ask because it always seem that people are either on one team or another and don't consider mixing the two investing strategies. + +Any input? +**NOT FINANCIAL ADVICE, DO WHAT MAKES SENSE FOR YOU FINANCIALLY.** + +I decided today I was going to take the tax hit and transfer my Roth IRA shares to my Individual account. + +&#x200B; + +When I called Fidelity I got a big surprise!! + +&#x200B; + +THERE WONT BE ANY TAX HIT/ EARLY WITHDRAWAL PENALTY FOR ME. + +&#x200B; + +This is because my GME shares were bought directly with my Roth IRA contributions, and I can withdraw my contribution at any time. It's only the EARNINGS on the contribution that is subject to early-withdrawal tax penalty. + +&#x200B; + +And because yesterday's $GME close price was less than my cost-basis, they are currently valued at a loss! THIS MEANS NO TAXES/ PENALTIES. + +&#x200B; + +What's more is the rep is going to direct register them in the same phone call! + +&#x200B; + +XX more shares to Computershare, LFG !!!! + +&#x200B; + +EDIT: THANKS KENNY FOR THE DIP , RIP DUMBASS + +&#x200B; + +EDIT2: copying a comment from u/OGBobtheflounder below to avoid confusion with traditional IRAs: + +https://www.reddit.com/r/Superstonk/comments/s9esdx/roth_ira_big_news_if_you_contributed_to_a_roth/htmawlg + +The key here is that you have a ROTH IRA. Anyone with a traditional IRA will be taxed on the whole withdrawal because the contributions were originally made tax-free. + +&#x200B; + +EDIT 3 - KNOW THE RISKS OF WITHDRAWING FROM YOUR ROTH: + +Great comment from u/LionRivr: + +https://www.reddit.com/r/Superstonk/comments/s9esdx/comment/htmfh8x/?utm_source=share&utm_medium=web2x&context=3 + +**NOT FINANCIAL ADVICE, DO WHAT MAKES SENSE FOR YOU FINANCIALLY.** + +I know that my action today means I will pay more taxes on my tendies one day. IDGAF!! + +TENDIES FIRST, TAX LATER. My opinion is 100% locked float is needed for MOASS, so this is me doing my part. Proud to say I'm truly 100% DRS now. + +&#x200B; + +Edit 4: Mods can I have my flair updated to: + +šŸ’»ComputerSharedšŸ’ÆšŸ¦ + +&#x200B; + +Edit 5: + +**NEW INFO** + +This was just posted an hour ago but u/m4ttyn1ce + +Possibly another path to DRS'ing your IRA shares without withdrawing them from your IRA. Give it a look! + +https://www.reddit.com/r/Superstonk/comments/s9gnp9/drs_your_ira_new_path_without_tax_implications_to + +&#x200B; + + +Edit 6: + +Some apes brought this to my attention and I called Fidelity and confirmed: + +Transferred shares from the Roth IRA will receive a new cost basis (based on market close) and the holding period will reset (i.e. timer for long term capital gains starts over). + +According to Fidelity this is IRS law. + +**BE SURE YOU ARE WILLING TO DO THIS** +Netflix shares hit a record rising to > $246. The company reported 4Q net income of $185.5 million, or 41 cents a share. Revenue rose to $3.29 billion. Netflix stock has gained about 60% for the past 12 months. +https://www.cnbc.com/2018/01/22/netflix-earnings-q4-2017.html +I'm new to value investing and am looking for discussions really. + +I've started off buy reading all sorts online, technical analysis, youtube etc etc, but then got stuck into Peter Lynch and Benjamin Graham's books which have put me down the road of value investing. I don't want to shit on other approaches but a lot of trading advice seems like "woo" to me. + +I see a lot of discussion about DCF valuations here and for whatever reason they just don't click in my mind. I'm open to learn though. + +Anyway... + +I've been looking at LMT as a buy and here is why: + +LMT is a "stalwart" it's been around for a long time. Their 10k filings show that their main issues have been obviously COVID 19 and the loss of the trident missile systems from the UK. Perhaps the loss of trident lead to the reduction of their price? Who cares about "because" though. + +The key point is the vast majority of their earnings are from contracts with the US government for their air assets, F35, F22, C-130's and classified items. I cant' see this being something that is going to change any time soon. Thats the gamble I suppose. They have stable and continual growth, they are not big growers but they are growing and are predicted to grow their profits above inflation. They have long term debt but this is reducing over time rather quickly. They also appear to be buying back shares, the last buy back was around the current price. + +The PE ratio is at 13. This is the lower side of the range over the last 5 years + + +The PE ratio kind of fluctuates between 12 and 24. + +I'm looking at the stock and i'm seeing it as good value as an investment. It strikes me as cheap right now. I'm aware insiders have sold however these were at values of around a PE of 18+ in the past. + +Has anyone else looked at the stock? What are your thoughts and are you willing to share your processes? I'm learning from a book and am aware it's decades old, people favour cash flow over earnings here, but I don't get why but am open to hear about it. +Iā€™ve paid a few very old debts in recent days. My unemployment was delayed ten weeks and when it finally came through it was literally more money than I had ever had at my disposal in my entire life. I donā€™t think most people would consider the amount of money I received to be \*that\* much money. But it shook me a little. + +Suddenly, with the snap of the governmentā€™s fingers, I was able to make a twelve year old debt disappear so I could get the piece of paper that proves I did in fact earn the bachelors degree I should have gotten when my now teenage son was a toddler. + +Suddenly, I was able to repay two monthsā€™ rent on an empty apartment to the predatory property management company Premier. A company who makes a fucking killing exploiting tax breaks for providing ā€œlow income housingā€ that is substandard and still far too expensive for many of its residents. A company that regularly overworks and undertrains itā€™s property managers so empty apartments sit open and they get to extract profit from the most vulnerable in our communities instead of paying their workers to do the job needed swiftly and fill the damn apartment. + +Suddenly I had the back up I needed to look at my credit report and call about an unknown $644 medical debt. To call my health insurance and see if they could help bring that down. To navigate the fucking labyrinth of people I needed to tell my story to in order to get the basic fucking information about how this debt was created. + +Guys. I am EXHAUSTED. + +I know that itā€™s controversial to say that when Black and POC folks are being literally fucking trampled. Iā€™m not looking for sympathy. I will be ok. I just had to fucking write something just in case any of you find yourselves, like I did yesterday, just fucking drained after a day of phone calls that felt like whack-a-mole. I couldnā€™t figure out why I felt like Iā€™d just been put through the fucking wringer but I think I know now. + +Doing the work to repair oneā€™s credit can be painful and difficult. It can be so hard that it is re-traumatizing. Living in poverty is trauma. Dealing with institutions that systematically make you feel less than and actively separate you from the resources you need to survive and thrive is traumatic. + +A LOT of people are struggling financially because of the pandemic, but some of us have suddenly gotten enough money to make a dent in what was previously a hopeless cause ā€” our financial well being. It was something so profoundly out of reach that we simply put it out of our minds. No amount of budgeting or sacrificing or side hustling was going to make the money we needed appear because thatā€™s not how poverty works. You are so deep in the hole that getting out of the hole isnt even a coherent thought that makes sense. Youā€™re just trying to keep the dirt from completely enveloping you. Youā€™re just trying to keep breathing. + +PLEASE ā€” my internet stranger friends who are doing the hard work of requesting your credit report, of calling these collection agencies, of remembering the circumstances around why you couldnā€™t pay, of re-living the shame around not having enough money to protect your future self from debt ā€” UNDERSTAND THAT THE STRUCTURES IN PLACE TO KEEP POOR FOLKS DOWN ARE MUCH MORE POWERFUL THAN A LIFETIME OF MISTAKES ANY ONE PERSON CAN MAKE. + +There is nothing wrong with YOU because you do not have enough money to provide for yourself, your family, and keep some aside for emergencies. + +I of course understand that there are exceptions ā€” some people do squander their resources. But the vast majority of us poor folk try incredibly hard to live on an absolutely TINY amount of money. We sacrifice everything we can and then go deeper and sacrifice things we canā€™t. We have learned to put a wall between our own sweet, vulnerable selves and the SHAME of not being able to pay an important bill. We forget about it because we HAVE TO. We throw away the multi-colored 2nd and 3rd and 4th notices because we have NO OTHER CHOICE. We hang up on bill collectors because we literally do not have $10/month with which to bargain. + +If you find yourself suddenly in a position to do the hard work of paying these companies that have fucked you over, or overcharged you, or that you donā€™t even fucking remember why you owe them money any more, and you find yourself overwhelmed, or anxious or confused and you canā€™t quite understand why youā€™re having such a large reaction to ā€œjustā€ paying a bill... I beg you, be gentle with yourself. Being poor is scary. It is stressful and painful and difficult. You are strong and brave and WORTHY of having ENOUGH. + +We are not here on this planet to feel BAD about circumstances beyond our control. Pay those debts, and hold yourself gently while you do it. Take a day off between debts. Allow yourself time to decompress and grieve for an economic and legal structure that incentivizes those with money and penalizes those without. You didnā€™t create it and itā€™s not your fault that you are at its mercy. I see you. Iā€™m here. If you need support, please reach out. You are more than your fucking credit score. + +&#x200B; + +EDIT: grammar +Some developer posted code showing listed liquidity pool wallets. Hereā€™s the link to the thread: https://twitter.com/christalball93/status/1602716002831462400?s=46&t=Lc1za6KwaEsqALPorYJm7A +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/oputf7lb1n471.png?width=1426&format=png&auto=webp&s=b949f022056409f86cb8a99aee35bed8302acc31 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸŽ¤šŸŽøšŸ„ šŸ¦Welcome to the JunglešŸ¦šŸ„šŸŽøšŸŽ¤ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap šŸ“‰ + +# $GME Closing Price: $233.34 + +Open Price: $222.75 + +Daily High: $241.13 + +Daily Low: $206.13 + +Volume: 15.18 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸ–šŸŽšŸšŒGME 101šŸšŒšŸŽšŸ– + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[WeBull's $GME rating 06-11-2021](https://preview.redd.it/cxxasc4hjo471.jpg?width=1080&format=pjpg&auto=webp&s=4ebb2612aa73a5d785982d06464a6a6177fdedb6) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. šŸ¦šŸ¤šŸ’Ŗ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# E3 This Weekend!! + +&#x200B; + +So remember how Gamestop stores were anticipating a rush of customers around this weekend's date? + +**Well, it's because E3 IS THIS WEEKEND!** + +And there are rumors that there will be some Zelda/Nintendo announcement at the convention, (EMPHASIS ON THE WORD RUMORS) that are being discussed all over the interwebs like [here](https://gamerant.com/gamestop-e3-zelda-next-gen-consoles-rush-expectations/). Could be BotW 2, could be a 35th Anniversary Edition Somthing or other collection, who knows, but... + +# ZELDA, NINTENDO, GAMESTOP, E3.... I'M JACKED TO THE ABSOLUTE TITS!! THE FINAL BOSS APPROACHES!!! + +&#x200B; + +[The Final Boss](https://preview.redd.it/y07cp90ddo471.jpg?width=646&format=pjpg&auto=webp&s=c382f631dd380fd234f00961a1ca3b5ab7790ed3) + +[**This website has info on how to watch E3 this weekend!**](https://www.theverge.com/22465864/e3-schedule-time-date-live-stream-how-to-watch) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Gamestop's 5 Million Share ATM Offering + +&#x200B; + +**Community Spotlight-** [**u/Squashua1982**](https://www.reddit.com/user/Squashua1982/) + +[Clarification of when GameStop will issue a press release stating the ATM Offering is complete, sale price max, maximum offering, update on outstanding shares, the reason why MarketWatch and Ortex differ, and other Form 424B5 goodies with highlighted pictures!](https://www.reddit.com/r/Superstonk/comments/nxkuvw/clarification_of_when_gamestop_will_issue_a_press/?utm_medium=android_app&utm_source=share) (OP) + +&#x200B; + +**Hey there! This comes straight from the 424B5 Form! Here is the link for reference.** + +[https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-21-186796](https://gamestop.gcs-web.com/sec-filings/sec-filing/424b5/0001193125-21-186796) + +We will not receive any update about the completion of the ATM offering today. The earliest an announcement could be made is Monday. This is based off of T+2 settlement. Also, based on past press releases, this will not happen until after market close on any given day. + +[https://i.imgur.com/tuz8Nhh.jpg](https://i.imgur.com/tuz8Nhh.jpg) + +GameStop is updated before the market opens every day on how many shares were sold the previous day. Which also points to any announcement of the completion of the offering happening after market close. + +[https://i.imgur.com/sr8Undy.jpg](https://i.imgur.com/sr8Undy.jpg) + +$255.39 is not the max sell price. This was the average share price on June 4th and they used it for calculating the fee projections of this offering. + +$1,276,950,000 is not the maximum amount of funds GameStop can raise from this offering. Again, they used this for calculating the fee projections of this offering. This was understandably confusing because the last offering had a maximum amount allowable to raise. + +[https://i.imgur.com/5cljjEg.jpg](https://i.imgur.com/5cljjEg.jpg) + +As of June 1st 2021 Outstanding Shares numbered 71,815,131 shares. If I am reading this correctly, that number includes 2,435,881 restricted shares. + +[https://i.imgur.com/dPp6A21.jpg](https://i.imgur.com/dPp6A21.jpg) + +Edit 1: If GameStop sells all 5 million shares then the new Outstanding Shares will be 76,815,131. Thanks to [/u/Cspawn](https://www.reddit.com/u/Cspawn/) for the image! + +[https://i.imgur.com/Dvnq05P.jpg](https://i.imgur.com/Dvnq05P.jpg) + +BTW the restricted shares is why MarketWatch and Ortex Outstanding Shares differ. + +Ortex is adding the restricted shares to the 71,815,131 number which brings them to 74,251,012. + +[https://i.imgur.com/0EX7jDx.jpg](https://i.imgur.com/0EX7jDx.jpg) + +MarketWatch is including the restricted shares in the 71,815,131. + +[https://i.imgur.com/9VCvtvS.jpg](https://i.imgur.com/9VCvtvS.jpg) + +MarketWatch and Ortex updated their Outstanding Shares numbers based on the 424B5 form and not because they saw new shares enter the market. This makes sense, because if they could do that then they would account for all the synthetic shares on the market as wellā€¦. + +I hope this helps clarify some things! + +&#x200B; + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +&#x200B; + +Back to u/Pinkcatsonacid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# GameStop SEC Investigation + +**"This is not an investigation of GameStop itself"** + +&#x200B; + +https://preview.redd.it/9bak6rtruo471.jpg?width=1077&format=pjpg&auto=webp&s=4c0b0268a130a848d0c42e72836c8338d833b165 + +The MSM has been reporting that Gamestop itself is under investigation by the SEC, barely falling short of slandering their company name. A clarification has been made regarding the investigation. It is unclear and unreported at this time whether they are investigating the short side, the long side, both, or what... but we **DO** know that the company *itself* is not the one under investigation. + +&#x200B; + +[Link to the video](https://www.reddit.com/r/Superstonk/comments/nxhm64/gamestop_sec_investigation_this_is_not_an/), credit to [u/SnooFloofs2854](https://www.reddit.com/user/SnooFloofs2854/) for the OP + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Cooler Master Now Selling PC Building Parts at Gamestop- BULLISH AF + +&#x200B; + +[thanks u\/GrunGromp for the heads up!](https://preview.redd.it/6ui4luk9jo471.jpg?width=1080&format=pjpg&auto=webp&s=8cf1ff260fd189f26b7ffe3bc2f2181b64e234f2) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Reminder- Important Security Update from Team Satori + +&#x200B; + +[**Please take the time to read this post if you haven't yet**](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/)**!! Important security update from June 8th!** + +&#x200B; + +[Example of an Official Satori Message](https://preview.redd.it/pzewouq64o471.png?width=1342&format=png&auto=webp&s=b7cf5cd637be7d8f52b04a3ffc1dec3aee495014) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Moderator u/StonkU2 Has Respectfully Resigned + +&#x200B; + +It is with a heavy heart that I tell you today that our friend and moderator, u/StonkU2 has officially resigned from his moderator position, effective immediately. He has voluntarily withdrawn his position and is respectfully no longer a moderator of Superstonk. As much as we hate to see him go, we understand why. + +&#x200B; + +It has been a true pleasure to know and work with you, Stonk. And we appreciate your continued efforts to help grow our community into the beautiful jungle that it is today (or like you always like to say, this beautiful City of Athens šŸ˜Š). We wish you the best and look forward to seeing what is in store in the future.šŸ’ŽšŸ™Œ + +&#x200B; + +[**Read**](https://www.reddit.com/r/Superstonk/comments/nxe8qd/i_believe_free_markets_cannot_be_free_unless_they/) u/StonkU2's [**final post as moderator here. But beware ninjas are cutting onions over there.**](https://www.reddit.com/r/Superstonk/comments/nxe8qd/i_believe_free_markets_cannot_be_free_unless_they/) + +&#x200B; + +[o7 Stonk šŸ¤œšŸ¤›](https://preview.redd.it/tv10olcusn471.jpg?width=741&format=pjpg&auto=webp&s=8b2a4c368f469953c0b0fb05a5fba8bef055609e) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸ‘©ā€šŸš€Help WantedšŸ‘Øā€šŸš€ + +&#x200B; + +**If you have any interest in assisting with the Summary/ Transcriptions check out this post from** [**u/Bradduck\_Flyntmoore**](https://www.reddit.com/u/Bradduck_Flyntmoore/)**,** [**Superstonk Seeking Volunteers**](https://www.reddit.com/r/Superstonk/comments/nw3s9m/superstonk_seeking_volunteers_ama_transcription/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸšØ Reddit down šŸšØ + +&#x200B; + +With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +[ šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦šŸ¦ ](https://preview.redd.it/nfp8u7rkcn471.png?width=1600&format=png&auto=webp&s=c468c34393d0ef6a778232c7259732aa8aeeb787) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +My dad graduated with a finance degree right at the peak of the 2008 financial crisis. He has lived through, analyzed, and observed people getting wiped the fuck out. Iā€™m currently 15 with a $5k robinhood account (all my money). I approach him with companies I think will do well all the time. The problem is, for every reason I state the investment will do well, he gives me 5 reasons the investment will go to shit. Sure he tells me ā€œItā€™s your money do what you wantā€ and ā€œyou need to be an independent thinkerā€ and I agree, but deep down I feel compelled to listen to him cause you know, thatā€™s my dad. Then I hop into Wallstreetbets and see people partaking in incomprehensibly retarded one DTE call options with huge profits, wishing that was me. Such a strange feeling. Does anyone else experience this? +Edit: My dad did not have me at 22. Both of my parents moved from Bulgaria, so they started their college education in their mid to late 20s +Edit 2: No, I am not related to Vlad Tenev +Edit 3: I am aware this is WSB, if I wanted actual financial advice I wouldā€™ve posted this in r/investing +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! + +This is INSANE news, guys. Ben Mezrich, one of the most entertaining and decorated authors of the last decade has officially submitted a book proposal for the story of WSB doing what WSB does best: Fucking shit up, and taking $GME to fucking Mars and beyond! It's already been claimed by monster media conglomerate MGM, meaning this will be a BIG-TIME hollywood movie & book! + +If this isn't an adrenaline shot of motivation to give Ben one hell of a story to tell, I don't know what is! + +DIAMOND HANDS MOTHERFUCKERS, WE'RE OFFICIALLY IN SCENE 1 OF A MOVIE RIGHT NOW. + +TIME TO BLOW THE TOP OFF OF THIS SHIT. TELL YOUR FRIENDS, BUY EVERY DIP, $69,420 SELL ORDERS ONLY. (not financial advice) + +šŸš€šŸ’ŽšŸ™Œ šŸ’ŽšŸ™Œ šŸ’ŽšŸ™Œ šŸ’ŽšŸ™Œ šŸš€ + +[Ben's announcement tweet](https://twitter.com/benmezrich/status/1356042246580273161?s=20) + +[Full story](https://deadline.com/2021/01/mgm-ben-mezrichs-the-antisocial-network-wall-street-1234684378/) +Bit of a background. +Iā€™m about to turn 26, currently in a casual factory role with zero possibility of permanency/ promotion (we do no less then 36 hours every week, but no one is permanent) +Been here just over a year +spent 7 years prior with woolworths and a few years of that managing different departments + +Now looking at the fact I will be working another 40+ years I want to get into something where I can be striving for something + +If you were to start from this point with no degrees, what would you study to give yourself employability and put yourself in a position to advance/ make a higher salary? + +TLDR: if you were 26 with no degrees what would you study/ get tickets/ licenses etc to become the most employable +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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). +To keep it short, basically my tenant is claiming thereā€™s bad odor in his apartment causing him sick, and refusing to pay rent. This guy comes up with endless repair request, and complaining small stuff all the time. +Currently on month to month, if I have to evict him, how long does the process would take in NYC? + +Edit1: called him today, agreed the 3k offer and offered him to move out end of January. Then this f**king guy doesnā€™t want to have deadline date. + +He says: I will move out whenever I finds a new place, it might be January, February or March. I know the law and how is court is handling things now, just get your attorney I donā€™t give a damā€. + +Screw this shit +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have my eyes on a few stocks and have already bought a few. Itā€™s been hard recently finding good companies at the markets overall valuation. To me dividends are important. So this is a must considering Iā€™m building a cash generation machine. + +Iā€™m trying to find stocks at bargain/cheap prices. Not exactly solid companies that are trading fairly. Not youā€™re usual dividend aristocrats like ABBV, T, MMM, KO, etc. + +The ones that are being over looked and hopefully trading at historical lows. + +Lately I personally have been looking at or have bought: + + + + +REYN: Reynolds Consumer Products. Pretty new publicly, but have been around for sometime. They make more notably Reynolds wrap. Pretty decent brand for its category. Boring company but can easily pay out dividends for the foreseeable future presumably. Modest dividend of about 2%. + +TDS: Telephone and Data Systems. The own the majority of US cellular. And have standard land line style phone business. Not one of the big boys in the sector. But Iā€™m sure theyā€™ll get a piece of the pie. Pretty nice dividend a bit under 4%. Iā€™m bullish especially with 5G emerging. + +ED: Consolidated Edison. Typical boring utility stock. But the sector is arguably one of the ā€˜safest.ā€™ Most of the sector is still pretty fairly priced. But ED has gotten beat up lately and they seem much too cheap. And they have a solid 4.5% or so dividend. + +PBI: Pitney Bowes. Iā€™m getting really close to buying into this company. Iā€™m just waiting for a bit of a price cool off. (Hopefully.) pretty small company but they deal with shipping/packaging services and general e-commerce stuff. Considering shipping needs seem to be increasing they seem to be a good pick. Plus they seem to have a descent relationship with the USPS as a supplier. And have roughly a 2.3% dividend. + +*personal add* + +K: Kellogg. This is a pretty recognizable company. They are most known for breakfast cereals, snack bars, and other assorted food products. They have a stable business. Not much growth, but at least they offer predictability and a fairly good dividend of about 3.9%. A decent stock to stash away and not stress too much over. + +GILD: Gilead Sciences. Theyā€™re a biopharma company. This is a combo of an additional and part honorable mention. They had a huge run from 2010-2015. Since then theyā€™ve been sliding. Seems like a decent time to buy them cheap. They have a pretty solid pipeline. Mainly in HIV and Hepatitis. And they offer a fairly nice dividend of about 4.3%. + + +EDIT: +*Honorable mentions by seemingly popular demand* + +MO: Altria Group. Very large tobacco company. Iā€™ve personally owned shares for quite sometime now. They are responsible for the sales of Marlboro brand in America. They also have stakes in JUUL labs and Cronos Group cannabis company. Cheap valuation and a major dividend yield of about 7.7%. Long lasting dividend track record as well. Definitely a controversial company. It is a ā€˜sin stockā€™ after all. + +LUMN: Lumen Technologies. Former known as ā€˜Centurylink.ā€™ They recently changed their name and ticker symbol. I also own this company currently and have for over a year. They are known for telecommunications services. They also have a very large fiber optic network. They offer a monster dividend of about 8.4%. + +IBM: International Business Machines. I also own this stock already and it does seem like theyā€™re a great pick at current levels. Considering tech companies have been trading at a premium, IBM looks awfully appealing. They havenā€™t gotten much love for a while. Iā€™m hopeful in their acquisition in Redhat. One would hope theyā€™ll pivot into autonomy and AI heavier. One of the best cheap tech dividend stocks IMO. they offer a dividend of about 5.4%. + +T: ATT. Iā€™ll stick them in here I suppose. Mainly due to how cheap theyā€™ve gotten recently. One of my bigger holdings personally. They have a lot of debt, and their acquisition of DirectTv wasnā€™t the greatest, but they should continue to do well. They are a cash machine and should benefit from the 5G push greatly. Perhaps their entry into streaming will be fruitful as well considering they own the rights to Warner Media. + + +These are a few Iā€™m looking at or have bought. Iā€™m interested in what you guys think and which buried, tucked away value dividend stocks youā€™re looking at that are trading at juicy prices. +Smart contracts do not ensure payments went through, and they do not create decentralized casinos or banks. In fact, they offer no guarantees about decentralization whatsoever. + +They CAN be used for these things, but what they really are is much simpler. + +Smart contracts are immutable scripts that exist on the blockchain. They maintain a state (i.e. they store data) and they have functions that can be called. That's it. + +The only way to interact with a smart contract is to call one of its functions. There are read-only functions that can be called on any Ethereum node to read some data out of the contract, and then there are functions you can call that modify data in some way, but those require sending a transaction and paying gas. + +You can use this functionality to do many things, but it is important to note that they do NOT ensure anything. You can write backdoors into smart contracts. Smart contracts can have admins that have the ability to yoink all the funds out of it. There are categories of bugs that allow a malicious smart contract to attack other smart contracts if they can get that contract to call one of their functions. + +Like all code, smart contracts can be written poorly or well. The guarantees come from the implementation, not the nature of smart contracts themselves. The same is true for banking software or other non-blockchain apps. + +The key difference is that the code for smart contracts is (mostly) immutable. Once they are deployed, the code cannot be changed. However, there are some exceptions to note: + +* Smart contracts can be written so that they are destroyed by calling a destructor function. After that, the contract becomes invalid and can't be interacted with +* A smart contract can be modular and call other smart contracts. You can "upgrade" one smart contract by deploying a new modular component and pointing the old contract to the new one with updated functionality. + +Don't get caught up thinking that smart contracts are some amazing thing that solves all of our problems when it comes to creating safe, verified transactions. They are just code, that's it. People can still write shitty code. + +EDIT: As others have pointed out, I'm speaking specifically about Ethereum smart contracts. Other blockchains could have smart contracts with different properties, but I imagine they would be mostly similar. +**Proof:** \[Screenshot-2022-11-23-155356.png\]([https://postimg.cc/DSrCmh4g](https://postimg.cc/DSrCmh4g)) + +Don't let people or Youtubers dissuade you from investing. You can still find great deals in today's market with higher interest rates. In fact, the uncertainty and high rates make it easier to find deals as less people are bidding the prices up. + +I bought this single family home on the MLS for $80,000. This property had a tenant who was "2 weeks from moving out" but they ended up taking 4 months to leave and we had to start the eviction process. Next time, I'll just offer cash for getting out on a specific date that makes sense for everyone. + +We spent $25k on the renovation (windows, HVAC, cosmetic rehab). Total investment was $105k. We rented it at $1,395/mo. + +The property appraised for $183,000. I refinanced this with two other SFRS with a local bank on a 20 year loan at 5.75%. The mortgage for this one was $119k. If I had to refi at today's rates on a 30 yr loan at 7%, it would produce $3.1k/yr in cashflow. + +**The Numbers:** + +* $105k Purchase + rehab +* $183k appraised value +* $119k loan at 5.75% on 20 year amortization +* $12k in extra cash at refi +* $64k in equity +* $2.6k in annual cash flow on current loan +* $3.2k in principal pay down +* Appreciation +* Tax Benefits + + +**Lessons:** + +* Jump on great deals immediately when they go live. +* Build relationships with local lenders and have them compete for you business. +* Don't over-renovate (example, the roof is older but didn't need replacing yet). +* If a tenant is leaving, offer an incentive to help expedite. + + +The refi for this property took place on 10/1/22 when 30 yr mortgages were 6.9% for top tier credit and 20% down. The same bank gave me a term sheet for 6.5% for another set of SFR's this week. +Cricut, [which has filed for a $100 Million IPO](https://www.nasdaq.com/articles/getting-crafty%3A-crafting-machine-maker-cricut-files-for-a-%24100-million-ipo-2021-02-16), have decided to [add](https://www.reddit.com/r/cricut/comments/m3r73q/design_space_changes_now_more_useless_unless_i/) a [subscription](https://inspiration.cricut.com/new-features-and-updates-coming-to-design-space/) as a requirement to access features they had previously assured customers [they could do for free](https://www.reddit.com/r/cricut/comments/m40lhg/creative_freedom_should_be_free/).They are unsurprisingly alienating their supporters, who are expressing frustration all over r/cricut, in [two](https://www.change.org/p/cricut-cricut-design-space-update-petition?redirect=false) [different](https://www.change.org/p/cricut-cricut-to-retract-the-new-policy-of-paying-to-use-the-machine-you-have-purchased?redirect=false) [change.org](https://change.org) petitions, in the [reviews](https://www.michaels.com/cricut-maker-champagne/D233282S.html#) [on](https://www.amazon.com/gp/customer-reviews/R2R6IVNHMH1K69/ref=cm_cr_dp_d_rvw_ttl?ie=UTF8&ASIN=B01GSOMVRG) many [platforms](https://www.google.com/maps/place/Cricut/@40.5537271,-111.9124191,15z/data=!4m7!3m6!1s0x0:0x30ef2fe6bcb4bc69!8m2!3d40.5537271!4d-111.9124191!9m1!1b1), on [twitter](https://twitter.com/hashtag/boycottcricut), in Facebook groups and instagram (though Cricut is deleting complaint posts with impunity), by [sending emails to the company](https://www.reddit.com/r/cricut/comments/m3tbo9/my_theory_on_the_greedy_design_space_change/gqqrxjl?utm_source=share&utm_medium=web2x&context=3), and in conversations with others who are thinking about buying them.Be cautious about investing in this company when the IPO comes along. + +edit: Apparently their support chat is also [telling people they will brick resold devices](https://www.reddit.com/r/cricut/comments/m4auxq/cricut_help_desk_blatantly_stating_that_they_will/) if they try to cut their losses and leave the Cricut ecosystem by selling them to someone else + + +edit2: 3/16 Update: Cricut has announced that in response to the backlash they will be [grandfathering in existing users](https://inspiration.cricut.com/a-letter-to-the-cricut-community-from-ashish-arora-cricut-ceo/) on their existing machines when the change goes into effect at the end of 2021 +Hi everyone, I just wanted to caution and stress to everyone the importance of doing your own research and due diligence with investing. There is a person posting (or should I say spamming) all the finance and investing subreddits about a company called Patriot One Technology. He plays naive asking what everyoneā€™s opinion on the company is and then has shill accounts post positive or optimistic comments of the company. My guess is he somehow believes heā€™ll be able to influence stock price by driving investors to it who heard about it online. + +I created this post because I love this community and the world of investing. There are a lot of people coming here looking to learn and seeking advice from others. I know Iā€™ve learned quite a bit from subreddits like this one. I love a good shitpost every now and then but I donā€™t like people trying to manipulate and take advantage of those who are inexperienced, gullible, or new to things trying to learn. That crosses a line in my books as corny as that may sound. + +If you look into these posts and the comments at first, a naive or inexperienced person may think this looks like an attractive company full of potential listed at a bargain price. They may see others praising it and decide to put their own money into the company stock themselves. Yet, a little digging would show this poster is spamming all the related subreddits with this company, creating shill accounts to praise it, and even made a YouTube video all in an effort of trying to lure people into this Canadian pennystock that deals with security systems conveniently after the recent string of mass shootings in the US. + +Donā€™t be fooled and let these people take advantage of you. Greed is a part of life, especially in the world of finance and investing. Do your own research, listen to others advice carefully yet cautiously, take time to learn how markets and companies work, and donā€™t blindly follow the advice of strangers, especially those online in a forum involving money related matters. + +The mods here do a solid job of keeping this community running and I donā€™t want this post to discourage discussion of new, small, niche, or exciting companies. If you see anything strange like the poster here, donā€™t be afraid to call them out or report them to the mods. Letā€™s keep this subreddit going strong. + +Thanks. +Anyone read the Morningstar analyst report released today? They really tore into ARKK. Giving it a below average process and average people and parent ratings. Calling the analysts inexperienced and that they lack Risk controls. + +Curious what everyoneā€™s thoughts are on this? Especially since itā€™s done poorly lately. +My sister passed away recently and left an inheritance (about $100K) for my two nieces (22 and 15 years old). I am responsible to safeguard their money until both turn 30. I know nothing about investment portfolios. I only own a savings account and an IRA for my retirement. Where would you recommend to invest or save their money that can make a good return? + +Thank you. +My sister passed away recently and left an inheritance (about $100K) for my two nieces (22 and 15 years old). I am responsible to safeguard their money until both turn 30. I know nothing about investment portfolios. I only own a savings account and an IRA for my retirement. Where would you recommend to invest or save their money that can make a good return? + +Thank you. +Hi all, + +So we're *possibly* nearing lows for this market cycle - some calling for $13k, 12k, but still, we're definitely in accumulation phase. + +So, as we see this market lull, and we have time to pick up some great bargains, especially if the market dips further, I'm beginning to contemplate what I want to start accumulating for the next \~3 years of the market. + +I'll add my list in rough order of portfolio percentage I aim to hold below, but mainly I want to know what I'm missing - what project do you believe has the greatest potential over the next several years. + +Share your thoughts/projects/coins and reasons you think they will do well (please don't shill crap though!) + +Hopefully we can support each other to make immense gains in the next market cycle! + +My list: + +1. BTC +2. ETH +3. DOT +4. LRC (Loopring) (this is probably the one I think has most potential) +5. AVAX +6. ADA +7. SOL +8. ALGO +9. ENJ (Enjin coin) +10. MATIC +11. DOGE +12. XLM +Earnings:Ā $4.50 per share vs. $3.10 per share expected by analysts polled by Refinitiv. +Revenue:Ā $33.12 billion vs. $30.52 billion expected. + +JPM, under Jamie Dimon, have become stalwart and constant earners, the BRK of banking if you will. They've shown resilience, are near riskless with their heavy participation in credit markets, and are extremely diversified, able to offset retail and commercial banking operations with trading and fixed income and vice versa. Could be the perfect long term hold for any investor. + +https://www.cnbc.com/2021/04/14/jpmorgan-jpm-earnings-q1-2021.html?__source=androidappshare +TL;DR at the bottom. + +# Preface + +We've all had some discussion here and there regarding inspecting shareholders list, aka the "stock ledger". I've compiled the relevant legal documentation here in the post and it says that we, indeed, can view the stock ledger. Note that in some areas I've omitted the parts of the laws that are irrelevant to our situation. You can view the missing parts directly from the source via the links provided. Any *laws* or *documentation* quoted below are in *italics*, and any **emphasis** added is mine. IANAL, but I know enough to read and interpret laws and research case law and get by in court if necessary. Reading the laws allows us, as citizens, to KNOW OUR RIGHTS. + +Note: during the process of writing this all out I found the [webpage of a law firm](https://wagensellerlaw.com/demand-for-corporation-books-and-records/) that basically confirms everything I've laid out here. If you have any doubts about anything I'm saying here, get it straight from a lawyer's web page. + +# Ape-tizer + +To start off, we know a couple of details from [their most recent 8K filing](https://news.gamestop.com/node/19251/html). + +Delaware is the proper jurisdiction for GameStop corporate: + +*(State or Other Jurisdiction of Incorporation)* + +*Delaware* + +And their principle offices are in Grapevine, Texas: + +*(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrantā€™s Principal Executive Offices)* + +*625 Westport Parkway, Grapevine, TX 76051* + +*(817) 424-2000* + +# The Meat + +Delaware law says that we, as shareholders, upon demand under oath, have the right to inspect the stock ledger during regular business hours. To make a demand under oath, one would typically make an affidavit, which is as easy as writing out your demand and signing it in front of a notary public. Your demand should also include the purpose of your demand. This could be as trivial as [identifying potential buyers and sellers](https://wagensellerlaw.com/demand-for-corporation-books-and-records/) (of your GameStop stock). Note that simple curiosity will not be considered a proper purpose and will likely result in a valid denial from GameStop that would hold up in court. + +[Ā§ 220. Inspection of books and records.](https://delcode.delaware.gov/title8/c001/sc07/index.html#220%2E) + +*(a) As used in this section:* + +*(1) ā€œStockholderā€ means* ***a holder of record of stock in a stock corporation, or a person who is the beneficial owner of shares of such stock*** *held either in a voting trust or by a nominee on behalf of such person.* + +*(3) ā€œUnder oathā€ includes statements the declarant affirms to be true under penalty of perjury under the laws of the United States or any state.* + +*(b)* ***Any stockholder, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from:*** + +***(1) The corporationā€™s stock ledger***, a list of its stockholders, and its other books and records + +*In every instance where the stockholder is other than a record holder of stock in a stock corporation, or a member of a nonstock corporation, the demand under oath shall state the personā€™s status as a stockholder, be accompanied by documentary evidence of beneficial ownership of the stock, and state that such documentary evidence is a true and correct copy of what it purports to be. A proper purpose shall mean a purpose reasonably related to such personā€™s interest as a stockholder. In every instance where an attorney or other agent shall be the person who seeks the right to inspection, the demand under oath shall be accompanied by a power of attorney or such other writing which authorizes the attorney or other agent to so act on behalf of the stockholder. The demand under oath shall be directed to the corporation at its registered office in this State or* ***at its principal place of business***. + +So this says that if you're not DRS registered, you should bring documentation with you that proves you're a shareholder. Like a statement from your broker showing your long GME position. You must also specify and affirm this in your demand. And it also says that demand can be made at the principle offices, which we've established above, is in Grapevine, Texas. + +We also know from [Delaware's legal definition of a stock ledger](https://delcode.delaware.gov/title8/c001/sc07/#219%2E) that it will include share counts. It also states that being DRS registered stockholder is the only qualification required. They can't make up extra bullshit reasons why you wouldn't be allowed to view the stock ledger. If you're a shareholder, you qualify. + +*(c) For purposes of this chapter, "****stock ledger****" means 1 or more records administered by or on behalf of the corporation in which the* ***names of all of the corporationā€™s stockholders of record, the address and number of shares registered in the name of each such stockholder***, and all issuances and transfers of stock of the corporation are recorded in accordance with Ā§ 224 of this title. ***The stock ledger shall be the only evidence as to who are the stockholders entitled by this section to examine the list required by this section*** *or to vote in person or by proxy at any meeting of stockholders.* + +And the burden of proof for what constitutes improper use [falls on the corporation](https://delcode.delaware.gov/title8/c001/sc07/#220%2E). In other words, any justification we provide is assumed to be a proper purpose unless the corporation can prove otherwise in court. Please note that this doesn't give you license to use any bullshit reason for the purpose. If it's bullshit they'll deny it and their denial will probably hold up in court. + +*Where the stockholder seeks to inspect the corporationā€™s stock ledger or list of stockholders and establishes that such stockholder is a stockholder and has complied with this section respecting the form and manner of making demand for inspection of such documents,* ***the burden of proof shall be upon the corporation to establish that the inspection such stockholder seeks is for an improper purpose***. + +# Dessert + +So in summary (TL;DR, TA;DR), as a shareholder, we have the right to view the stock ledger at GameStop headquarters during regular business hours. [There is also more law](https://delcode.delaware.gov/title8/c001/sc07/index.html#224%2E) that states that their electronic storage format is not an excuse to fail to produce and show the stock ledger. There are provisions that state they must be able to print it out for us if necessary. Though, I would suspect that might not be the best solution if they're cooperating. The most likely scenario would be they produce an electronic copy for you that you can take with you. I would suggest being prepared by bringing a packaged, unopened (for security) USB stick with you to put the data on. You'll need a written demand made under oath that states your demand (to view the stock ledger) and the (proper) purpose thereof. This can be done with a notary public. + +Y'all can tag legalese to check my work also. Now we just need a local ape to visit headquarters to get the list. + +Edit: it's funny that as soon as this post starts gaining traction Reddit shits the bed. Am I just being paranoid? Maybe. + +Update 1: + +Here's the situation: /u/xcantdj has volunteered as tribute. We've copied a letter that /u/blurfect commented and changed it a little to fit. I believe it has also been reviewed/revised by a lawyer ape. Not confirmed that he actually looked at to yet but he offered last night. Our volunteer already got a notary lined up and will likely make the trek to HQ either today, Friday, or worst case Monday. I will update this post again as new information comes in. I want to stress that some patience is required, I fully expect them to turn us away at the first request and tell us to come back later, as they have 5 days to comply. They may not have the information ready to look at immediately. I will update again as I get new info. We have another ape , /u/----_ who had done this previously with another company and they initially said it would take 3-5 days to get the information ready. + +&#x200B; + +Update 2: + +Our ape volunteer wasnā€™t able to make it today but is shooting for tomorrow. He also says that if he cannot make it tomorrow GameStopā€™s hours say theyā€™re open on weekends. Please understand our volunteer ape also has a life like work and family heā€™s probably working around to make this happen. I know the suspense is terrible but I feel like this is going to be worth the wait. Weā€™ve all got responsibilities and Iā€™m grateful our volunteer is doing what he can to make this happen. I will update again when we have more info. + +&#x200B; + +Update 3: + +Thereā€™s not much news but people keep asking so Iā€™ll put this update just to let yā€™all know weā€™re still working on it. Weā€™ve got a letter written up and a notary lined up, but we still have to get it notarized and get to HQ. Itā€™s looking like we might get notarized today but probably wonā€™t make it to HQ until Monday. I will update again when we have more info. + +&#x200B; + +Update 4: + +It looks like the stock ledger should be [at most 5 business day behind](https://www.law.cornell.edu/cfr/text/17/240.17Ad-10). My reading of this tells me the the list gets updated with daily activity, but the updates could be up to 5 days behind. So if I were to be a new buyer or transferrer, my name could take up to 5 days to show up on the DRS stock ledger. + +&#x200B; + +Update 5, 9/26 @ 7:45 pm CDT: + +2 different apes are independently visiting HQ tomorrow (that Iā€™ve spoken with, maybe there are others I donā€™t know about) equipped with their demands under oath. One of them visited over the weekend and was told they would have to come back Monday, which is not a ā€œnoā€. I donā€™t know about yā€™all, but thatā€™s got me so jacked up I probably wonā€™t calm down for a week. + +&#x200B; + +Update 6, 9/26 @ 10:05 pm CDT: + +Nobody helped him while he was there. He's going back on his lunch tomorrow. + +[https://www.reddit.com/r/Superstonk/comments/pwsnw2/update\_to\_the\_update\_of\_the\_ledger\_guy\_spoiler/](https://www.reddit.com/r/Superstonk/comments/pwsnw2/update_to_the_update_of_the_ledger_guy_spoiler/) + +&#x200B; + +Update 7, 9/28 @ 12:30 pm CDT: + +Ape has delivered demands to HQ, is now awaiting response. Legally they have 5 days to comply. + +[https://www.reddit.com/r/Superstonk/comments/px9yo7/stock\_ledger\_demand\_update\_x3/](https://www.reddit.com/r/Superstonk/comments/px9yo7/stock_ledger_demand_update_x3/) + +&#x200B; + +Update 8, 10/6 @ 12:38 pm CDT: + +I haven't heard any confirmation from either ape, and I don't know if they'd be willing or able to file suit in Delaware court to compel compliance. I'm not a lawyer so I can't file the suit on their behalf, and I'm not eligible to file my own suit because I haven't made a demand. I'm trying to take off of work next week to take care of it myself if it doesn't get resolved this week. + +&#x200B; + +Update 9, 10/12 @ 10:12 am CDT: + +[https://www.reddit.com/r/Superstonk/comments/q6c9ed/i\_went\_to\_hq\_today/](https://www.reddit.com/r/Superstonk/comments/q6c9ed/i_went_to_hq_today/) I visited HQ yesterday and submitted my own demand. Now I have solid legal footing to follow up in DE court if GameStop doesn't comply within 5 days. The clock is ticking. At the same time I'm hopeful I'll hear back from someone without having to get a court order. + +&#x200B; + +Update 10, 10/25 @ 3:04 pm CDT: + +I've researched what it would take to get the court order myself and I've decided I just don't have time to deal with that right now so I've begun the search to retain the services of an attorney. If there are any apes practicing law in Delaware I'd be willing to pay for your services. Even if you don't do corporate litigation this should be easy enough for you to figure out. +Personally my small electrical business is doing ok. I lost a bit of money with the 2 week construction shutdown but works picked up a bit again. + +Iā€™d like to hear how itā€™s affecting everyone else and if we might not bounce back as fast as we did last year considering thereā€™s no jobkeeper or Super withdrawals this time +I'm adding a new hashtag: + +# #DontInvestWithKen + +Citadel Advisors is a hedge fund. Duh. *But where does Citadel get funds to invest,* I mean, \*cough\* *short GME* \*cough\*? + +**INVESTORS.** + +*Who are Citadel's investors?* + +No fucking clue. They're not going to release their investor list. But there are ways to find out because, unfortunately, **public pension funds are invested with Citadel**. + +*What are public pension funds?* + +Public pension funds are where a certain group of employees pool their retirement dollars and invest that money together. These are police, firefighters, teachers, other state/local employees, etc. They've got a lot of money to invest, and a portion of their money goes into "alternative investments." That can mean a lot of things... but it includes hedge funds. + +Citadel gets money from these public pension funds and invests that money. *Pensions & Investments* ranks Citadel 9th on their list with [$37.6 billion managed as of July 1 2021](https://www.pionline.com/special-report-hedge-funds/multimanager-funds-changing-industry-hurdles-remain). (It's a portion of their hundreds of billions of assets managed). Citadel also appears to have an entity called *Citadel Securities Institutional LLC* where some of this money goes. + +# Citadel gets money from public funds around the world, here are some examples + +[Colorado Fire & Police Members' Benefit Investment Fund](https://fppaco.org/PDF/annual-reports/2020-Annual-Report-FPPA.pdf) + +$57 million invested, and you paid Citadel $523k in fees last year. + +https://preview.redd.it/jkucren5qfs71.png?width=501&format=png&auto=webp&s=8aaf2358256edb286bd48ead7296ba0a7ee8e8c5 + +https://preview.redd.it/0j5t7nt6qfs71.png?width=567&format=png&auto=webp&s=47075519fc91dd6b28c7d38301205b4aea50c697 + +[New York State and Local Retirement System](https://www.osc.state.ny.us/files/retirement/resources/pdf/comprehensive-annual-financial-report-2020.pdf) has paid some commissions to Citadel Securities Institution LLC, no idea how much invested: + +https://preview.redd.it/l7repc2iqfs71.png?width=423&format=png&auto=webp&s=aa32cde4ba9cd123435ecbcfc6de8182adb7ea21 + +https://preview.redd.it/aavz4f5jqfs71.png?width=806&format=png&auto=webp&s=480864c1651bd08747a602695ee292c0b3f73d0e + +[Teachers' Retirement System of Oklahoma](https://oklahoma.gov/content/dam/ok/en/trs/documents/CAFR-FY2020.pdf) also paid commissions to Citadel Securities Institution LLC, no idea how much invested or what "shares" means: + +https://preview.redd.it/peapxl3lqfs71.png?width=411&format=png&auto=webp&s=d6f4a240c4b698e88aa59b3b80e655e98066e518 + +https://preview.redd.it/g08r7onmqfs71.png?width=466&format=png&auto=webp&s=804d3cb2ec642d64633d0653456cf58877eca2e2 + +Let's move to some international examples. + +["futurefund" - Australia's Sovereign Wealth Fund](https://fppaco.org/PDF/annual-reports/2020-Annual-Report-FPPA.pdf) \- shows Citadel Advisors is one of their alternative investment advisors. No idea how much they're managing. + +https://preview.redd.it/mryy5r4oqfs71.png?width=318&format=png&auto=webp&s=39506306095defe4e1853ba08158d18b5b0812f7 + +https://preview.redd.it/ux4ap6ipqfs71.png?width=695&format=png&auto=webp&s=881dc1d8a6ee3687a6d080630b0785b413198881 + +The CERN Council's [annual report as of year end 2020](https://cds.cern.ch/record/2774013/files/English.pdf) shows Citadel Advisors is an external investment manager: + +https://preview.redd.it/c5xxuqkqqfs71.png?width=341&format=png&auto=webp&s=adfbaf7e92bc1fe11efbb55c2137a8090858b26c + +I'm tired of Googling this stuff, Citadel is everywhere. + +# Don't like seeing that? What can you do? + +First things first: are you a public worker who has a a pension fund, or some other kind of pooled retirement plan? + +If so, you should be able to figure out what your pension fund is invested in. The administrator might not provide the specific managers/funds in public disclosures, so an email, or maybe a FOIA request (US), should be able to get you that info. + +Then, if your pension fund invests with Citadel, and you don't like that, take action: + +* Let your pension/fund administrator know. It may be an "investment committee" or "investment council" who make decisions on where to invest - send them an email. +* Let your local politicians know. +* Write a letter to the editor in your local newspaper. +* Make a stink. Throw some poo (figuratively, not literally) on social media if needed. + +Be respectful, but let people know you are not interested in investing with Citadel and point them to facts like 60+ FINRA violations, lying under oath, etc. + +I won't pretend to understand the legalities of turning your money over to a fund investment committee, but surely you can at least voice your opinion. And if you find your pension fund is invested with Kenny G post it here so other apes know! + +Will this hurt Kenny G and Citadel? I don't know. The money is probably locked up, but maybe it will prevent future investments. And that will get the hedgies in the one place that hurts more than a kick in the balls: their pocketbook. + +This is of course not financial advice and every ape can make their own decision. + +šŸš€šŸ¦šŸ’ŖšŸ’ŽšŸ™Œ + +[https://www.kengriffinlies.com/](https://www.kengriffinlies.com/) + +\#KenGriffinLied + +\#CitadelScandal + +# #DontInvestWithKen + + +**āœØšŸ± It's almost time for the EPIC launch of PROJECT ONYX šŸ±āœØ** + +**šŸ”„šŸ”„ Project Onyx is all set to launch on 17th November @ 8 PM UTC šŸ”„šŸ”„** + +**Just to give you guys a taste of the massive HYPE surrounding this project -** + +**šŸ†Private sale of 250 BNB filled rapidly with zero marketing!** + +**šŸ†Presale of 750 BNB Hardcap filled in a few seconds!** + +**šŸ†Doxxed and Based devs who have handled several successful crypto Projects!** + +**šŸ†Audited by desert finance, the contract is SAFU!** + +**šŸ†Team tokens are locked and vested!** + +**šŸ†Anti-Snipe measures (99%tax for first few blocks) & anti-whale measures (0.5% of total supply set as max buy)** + +**šŸ‘€If you are new to Project Onyx, here's some brief information to get you up to speedšŸ‘€** + +**šŸŽ®Onyx in its final form will be an open-world game with a vast expanse of 7 continents, all of which will be developed in Unreal Engine 4 with cutting edge graphics.** + +**šŸŽ®The game will feature a multitude of NFTs ranging from playable characters to wearable armours and usable inventory.** + +**The playable characters will be highly customisable with six different battle classes.** + +**šŸŽ®Players will navigate through missions to gain experience points and level up their characters to unlock playable areas and powerful weapons and armour.** + +**šŸŽ®To top it off and keep things interesting, the game will feature a variety of different modes.** + +**āœ…LATEST NEWS ON PROJECT ONYX** + +**ā­ļøPROJECT ONYX BACKSTORY -** [**https://onyxtoken.net/onyx-project-backstory/**](https://onyxtoken.net/onyx-project-backstory/) + +**ā­ļøA BRIEF INTRODUCTION OF THE TEAM -** [**https://onyxtoken.net/team-experience/**](https://onyxtoken.net/team-experience/) + +**ā­ļøIMPORTANT PRESALE INFO -** [**https://onyxtoken.net/important-presale-info/**](https://onyxtoken.net/important-presale-info/) + +**ā­ļø Audit link :** [**https://dessertswap.finance/audits/Onyx%20BSC%20Audit%2012709879.pdf**](https://dessertswap.finance/audits/Onyx%20BSC%20Audit%2012709879.pdf) + +**OUR WEBSITE:** [**https://onyxtoken.net/**](https://onyxtoken.net/) + +**ą¼„ Blackpaper -** [**https://onyxtoken.net/storage/2021/11/blackpaper.pdf**](https://onyxtoken.net/storage/2021/11/blackpaper.pdf) + +**SOCIAL MEDIA** + +[**Telegram**](https://t.me/ProjectOnyx) **||** [**Instagram**](https://instagram.com/onyx_token?utm_medium=copy_link)**||** [**Twitter**](https://twitter.com/OnyxTokenBSC) **||** [**Facebook**](https://www.facebook.com/Project-Onyx-105348621946501/) +Sometimes I'll look up houses that I could never afford and/or in areas that I'd never feasibly be able to move to (lack of job options, amenities, etc.) + +Am I the only one that does this? + +Latest one I was looking at was here [https://www.realestate.com.au/sold/property-house-tas-coles+bay-134814546](https://www.realestate.com.au/sold/property-house-tas-coles+bay-134814546) (after seeing a post in /r/australia on wineglass bay). Don't have the money and its in the middle of nowhere, but it's nice to dream sometimes. + I am a learning amateur who hasnā€™t scored any wins yet but this crazy market it making me reconsider what investing actually means. Somehow it doesnā€™t ā€œfeelā€ like paying 60k over asking price will bring any financial returns in the near future. Can that still be considered an investment in any way? If you see it as a financially smart move, could you explain why it appears like that to you? + +Thank you! +I'm just curious to get as much information as I can, because I can't do anything else right now and I would like to hear your thoughts on it. I gather big money will get into it from traditional investors, but that will make it more centralized. What other positives and negatives are there? + +As a side note, thank you everyone who helped to create Ethereum. This last Sunday I fell off of a very high roof and shattered my leg, and the profits from my mining really helped out with the bill. Not enough to pay it off (Thanks, US healthcare prices) but enough so that I'm not wildly in debt. I seriously owe that to this community and the devs. Cheers! +I don't see anyone of his caliber talking about it besides him (despite [Steve Hanke](https://fortune.com/2022/04/13/record-inflation-8-5-economy-fed-wrong/), but I don't know how he is seen in the economics world). I would like to see more opinions (be it in accordance or discordance) +Looking for advice. My wife and I are both in our late twenties (no kids yet). I have been fortunate to have a great career so far with a relatively clear line of site to FatFire. + +While I donā€™t have a huge stack compared to most on here today (~$1mm NW), itā€™s all my wife and I have. We both come from lower income backgrounds / complicated family relationships. + +My assets are complicated. Itā€™s not a lot stock sitting in a brokerage. I own some rental properties, some private investments through my employer, very complicated real estate investments through my Roth IRA, etc etc. + +Problem is, my wife is not overly financially literate. She works in a completely different industry and isnā€™t well versed on a lot of the investments and tax advantages strategies I have been involved with. + +I constantly have this fear of something bad happening to me and I canā€™t sleep at night knowing if I got hit by a bus tomorrow my wife would be completely lost ā€” and worst, potentially lose out on a bunch of money just because she has no idea about it. + +Is there a program / app / something I can use to prepare a ā€œroad mapā€ if I die? I know I can hire a lawyer and prepare documents and such but would prefer something a little less costly, but more officially than just putting a word doc together with instructions. + +Any help is appreciated. + +Edit: thanks all! This has been very helpful. +I had 2 credit cards paid off. And I mean paid off. $0.00 balance. + + +But then my master cylinder decides to break. I try to fix it myself, but I can't. So I need to take it to a mechanic. I then have to use my credit cards. Both of them. My credit score NOSE DIVES. + + + +My car fucks up yet again. I can't afford to fix it. I need to take out a loan. Credit Score now in Free Fall. + + + + +Paycheck I get from work goes to paying off debts/credit cards & rent/bills. Any money I have left over goes to buying alcohol to help me deal with the stress of it all. + + + + +I hate life. +The rocket thrusters have been activated + +Moon bud is a community owned, rug-proof token, all liquidity has been locked for a year and ownership has been renounced. + +While only being less then 24 hours old, the thriving moonbud community has already managed to gain a hefty charity wallet worth $30,000 USD, dwarfing any other projects by a long shot. In the same timeframe moonbud has accumulated 1000 holders and reached a $2.5M market cap. + +The UK based lead developer plans to reveal himself in charity drive video next weekend in which he will be donating the full proceeds of the charity wallet to an animal shelter. If we continue to grow at this rate that wallet can be worth over $100,000 USD. + +Everyone here is still super early, with moonbudā€™s current growth itā€™s set to reach a 25-100M mcap in no time. + +All holders are pretty evenly distributed and there is almost no whales whatsoever, weā€™re now completely community oriented and going parabolic! + +My bags are packed and Iā€™m ready to keep helping to give to dogs around the world! + + +Website(v2 next week): https://www.moonbud.space/ + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba + +Telegram: https://t.me/moonbudofficial + +Chart: https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba + +Twitter: https://twitter.com/MoonBud_Coin + +Bscscan: https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba + + +UPDATE: Weā€™re going viral! Over $80,000 USD raised, at this rate we can hit $500k in no time, weā€™ve only been live for 24hours now. + +EIGHTY THOUSAND DOLLARS, in twenty four hours folks. +The rocket thrusters have been activated + +Moon bud is a community owned, rug-proof token, all liquidity has been locked for a year and ownership has been renounced. + +While only being less then 24 hours old, the thriving moonbud community has already managed to gain a hefty charity wallet worth $30,000 USD, dwarfing any other projects by a long shot. In the same timeframe moonbud has accumulated 1000 holders and reached a $2.5M market cap. + +The UK based lead developer plans to reveal himself in charity drive video next weekend in which he will be donating the full proceeds of the charity wallet to an animal shelter. If we continue to grow at this rate that wallet can be worth over $100,000 USD. + +Everyone here is still super early, with moonbudā€™s current growth itā€™s set to reach a 25-100M mcap in no time. + +All holders are pretty evenly distributed and there is almost no whales whatsoever, weā€™re now completely community oriented and going parabolic! + +My bags are packed and Iā€™m ready to keep helping to give to dogs around the world! + + +Website(v2 next week): https://www.moonbud.space/ + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba + +Telegram: https://t.me/moonbudofficial + +Chart: https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba + +Twitter: https://twitter.com/MoonBud_Coin + +Bscscan: https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba + + +UPDATE: Weā€™re going viral! Over $80,000 USD raised, at this rate we can hit $500k in no time, weā€™ve only been live for 24hours now. + +EIGHTY THOUSAND DOLLARS, in twenty four hours folks. +For context. I am a stay at home mom for my two children. Itā€™s more realistic to be a sahm than to work because of childcare cost. + +We basically live paycheck to paycheck most months. My husband brings in about $3200 after taxes and medical every month. We seem to be making it but would really like to know some tips on how to stretch that as far as possible. + +Edit to add monthly expenses. + +Mortgage- $1200 +Power $150 +Water $20-$50 +Natural Gas $20-$50 +Car Note $377 +Car Insurance $126 +Internet $10 +Phone $124 + +$350 goes into our medical HSA account every other check. +He contributes to 401k with his company but unsure how much a month + +Edit + +So I found a friend who is looking for a babysitter three days a week for $400 a month. +We switched the phone bill to Prepaid so saving over $60 with month on that. Thanks for all the advice. +This may have been covered already, and/or I may be wrong, but I have a theory. I'm relying on this sub to poke holes in this theory or provide additional insight. + +GameStop's moon tweet (below) has a pretty interesting element to it. The GameStop logo... It's GS not GameStop. They created **(edited, ffs)** this image which means they had control over every detail. I've done some searching and I can't find that GS logo anywhere on any official GameStop branding. + +Why did they go with GS instead of their corporate logo? There's certainly enough room on the sleeve to use their corporate logo. + +**I think they are going to rebrand**. Now changing a logo in itself doesn't mean anything. BUT, if the logo change comes with an official name change (GS, Corp., for example), then this would cause a change in CUSIP number. + +"It is my understanding that the mechanics of the CUSIP change (with name change) would effectively **prevent trading shares of the old CUSIP # and would create an entirely new set of shares through the DTC**. By doing this, the DTC is forced to account for ALL of the old shares exchanged for the new shares. **Without the name change, the old shares would simply be renamed. With the name change, they are physically exchanged which will isolate phantom shares and force covering.**" ^(sourced) + +Is this what RC is planning? If so, this could be the catalyst we need... + +&#x200B; + +Edit: they did not create the image itself, but they did edit it. And they edited it with a logo that I haven't previously seen and cannot find anywhere else. + +Edit 2: did not site source for my confirmation bias on legal name change / CUSIP # implications. Yes, copied and pasted. The facts remain the same though. + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=82107281](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=82107281) ^(source) + +Edit 3: I appreciate all the feedback, both positive and critical. I didn't expect this to gain this much traction. One piece I want to elaborate on is the rebranding. **Whether they decide to rebrand or not, they may make the legal name change while keeping GameStop as their trade name (DBA).** So there is merit to the point that they may not actually rebrand, but changing their legal name would require a change in CUSIP # which could be a catalyst. + +Have some rockets šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ + +&#x200B; + +https://preview.redd.it/cpjvrnrv3wy61.png?width=2359&format=png&auto=webp&s=433b0a216c4684629c57faff509718ae0db338eb +This may have been covered already, and/or I may be wrong, but I have a theory. I'm relying on this sub to poke holes in this theory or provide additional insight. + +GameStop's moon tweet (below) has a pretty interesting element to it. The GameStop logo... It's GS not GameStop. They created **(edited, ffs)** this image which means they had control over every detail. I've done some searching and I can't find that GS logo anywhere on any official GameStop branding. + +Why did they go with GS instead of their corporate logo? There's certainly enough room on the sleeve to use their corporate logo. + +**I think they are going to rebrand**. Now changing a logo in itself doesn't mean anything. BUT, if the logo change comes with an official name change (GS, Corp., for example), then this would cause a change in CUSIP number. + +"It is my understanding that the mechanics of the CUSIP change (with name change) would effectively **prevent trading shares of the old CUSIP # and would create an entirely new set of shares through the DTC**. By doing this, the DTC is forced to account for ALL of the old shares exchanged for the new shares. **Without the name change, the old shares would simply be renamed. With the name change, they are physically exchanged which will isolate phantom shares and force covering.**" ^(sourced) + +Is this what RC is planning? If so, this could be the catalyst we need... + +&#x200B; + +Edit: they did not create the image itself, but they did edit it. And they edited it with a logo that I haven't previously seen and cannot find anywhere else. + +Edit 2: did not site source for my confirmation bias on legal name change / CUSIP # implications. Yes, copied and pasted. The facts remain the same though. + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=82107281](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=82107281) ^(source) + +Edit 3: I appreciate all the feedback, both positive and critical. I didn't expect this to gain this much traction. One piece I want to elaborate on is the rebranding. **Whether they decide to rebrand or not, they may make the legal name change while keeping GameStop as their trade name (DBA).** So there is merit to the point that they may not actually rebrand, but changing their legal name would require a change in CUSIP # which could be a catalyst. + +Have some rockets šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ + +&#x200B; + +https://preview.redd.it/cpjvrnrv3wy61.png?width=2359&format=png&auto=webp&s=433b0a216c4684629c57faff509718ae0db338eb +Reposting after the first post was obviously slammed with downvotes from shills, the same post got more upvotes on GME sub than it did on superstonk which NEVER happens for me. I've watched the first post slowly get downvoted to oblivion very inorganically. + +When the report first came out people were talking about how good of an entry point it gave us apes to be able to show friends and family. SHFs caught onto this quickly and this report was forum slid HARD. + +The size and breadth of this GME saga can be pretty daunting for any new apes but I think GMEdd.com did an awesome job creating this report that is easily understandable to any age if potential investors, even boomers have a good chance at understanding it. It doesn't go into MOASS stuff but it doesn't need to, it's just an entry point based on the amazing FUNDAMENTALS of GME. + +Imagine a new wave of retail investors buying after Thanksgiving? We already know the SHFs are barely holding on as it is. + +Check it out here, comes in PDF form too, perfect for thanksgiving sharing. + +[https://gmedd.com/report-model/](https://gmedd.com/report-model/) + +please up vote and com ment so we can get as many apes as possible aware of this report that may want to show people over thanksgiving or in future. The SHFs and their shills DO NOT want this document spreading and have been forum sliding this report and downvoting the shit out of it every time its talked about. Some apes said they GMEdd site was also attacked when the report started gaining some traction after its release. +Anyone remember college and what you thought your job might be like? You read these articles these new tech billionaires talk about being super liberal in the workplace. Free food in the cafeteria. Break room has ping pong tables and foosball; bean bags everywhere. Then you show up to 10 interviews and it looks like a sweat shop, plastic folding tables everywhere, these stupid HR signs all over the place, no one even speaks English, people been working there 30 years still not promoted. Then you still hear back their euphemism "thanks for the interview we'll be in touch". Man wish the draft was still legal just shoot me in the face get it over with. +Lately I have been looking into ways to expand my investment portfolio and one thing I'm looking at is buying up some gold and silver. + +I was trying to figure out what I would keep it in, and I got it. A lockable pirates chest. I would feel like such a boss having that lol. Great way to hedge against inflation too +Iā€™m 17, turning 18 in a couple months. I work two minimum wage jobs, and earn about $15k a year. Iā€™ve never been a fan of school, so I would love to avoid college as a whole (as lazy as it sounds). What would be the best career path to make at least $100k a year? +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 didnā€™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 canā€™t even make phone calls. And even on top of that, im paid minimum wage. I canā€™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 canā€™t even support me and my dad donā€™t give a single shit. Donā€™t have family either. Im gonna have a mental breakdown. + + +Spoilers: im gonna be in trouble, im sure +Hi guys. Ive build (and lost due the virus crisis lol) a company with over 250k+ year turnover but I STILL dont understand how money is being created. Can someone explain? It seems that the number of money is growing from year to year - but why?! + +Is money finite? Who decides how much money there is in a country? In the world? If all the countries have debts, why they cant just make a kind of debt offset and be happy? Why the number of millionaires is growing? How can the rich guys getting richer of poor ppl living from paycheck to paycheck have basically a set amount of money and they cant put aside yet another 30 dollars for another subscription just because they want? Where is the initial point the money are being created? Not knowing this somehow stops me from developing another venture Im thinking of. +Thanks for reading in advance! + +I really want to be successful and financially free (don't we all). But I cannot seem to ever focus or have the self discipline to actively do things that will go towards that. + +I have 4 books to read (that pertain to my goal), I have real estate agent classes to take, and a few side hustles I have been getting more and more lax on. + +But instead, of course, I find myself spending my winter break on TikTok, or playing league of legends. I think to myself every day that this is wrong and I need to be doing something else, and can literally feel me disappointing myself, and yet I STILL repeat the same thing. + +I don't know what to do, honestly, I'm open to more radical changes at this point, I'm just tired of saying "I'll do it tomorrow" and knowing full well I won't. + +Please help. +I'm currently in my early 20's and I've been struggling to find a way to make additional money on the side and I would like to know if anyone has been in the same position and what path did you take. + +I've got a 8h-5h job that pays decently but I've been looking to make extra money after work hours and weekends in order to speed up the process of paying for a car I bought last year. The monthly payment is relatively high as I choose to pay it fast (3 years) without taking too much of my monthly income. However I feel like I want to pay it faster to have more freedom as I would be looking to move from my parents house and I can only do it after finish paying it. + +As I've got a lot of free time I would like to know what are your opinions as of what would be the best way to go about this. I've tried some things in the past: + +\- **Dropshipping** \- I watched some youtube videos about this subject when I was researching about ways to make money and I actually tried to do it legit but without success. I feel like I gave up pretty soon and I could have tried other approaches/products but it looked like a very competitive market and I don't have the knowledge to do better than the competition + +\- **Betting** \- Obviously this looks stupid because it is too risky and pretty much based on luck but it was probably the "easiest" way to make money. Anyway, I ended up loosing more than winning (not too much) + +\- **Youtube/Streaming** \- I tried this as I've been playing for some time but my PC is not good enough to record and stream some games and I feel like investing on it is not very smart because I do not think I'm very good at it. I'm pretty introvert and not really that funny or that good at playing any specific game + +\- **Stock Market** \- This is the only one that actually showed some results even with the current pandemic situation but it looks more of a long term way of making some money and I don't feel like it could help me pay the car faster + +\- Real Estate - This could be an interesting way of making money but it needs some money to start of (also a lot of knowledge that I don't have) and I do not have that kind of money to invest + +&#x200B; + +So I'm very indecisive as from where should I focus my free time towards. + +\- 2nd Job - I don't really live in a big city so the job offers are limited and it is very hard to find a 2nd job that I can attend without interfering with my primary job. I've looked for jobs on Saturdays where I could potentially work 8h/9h and make an extra couple hundred dollars at the end of the month but there are literally no offers to this kind of jobs. The best thing I could find is something called 4th Shift which consist of working 12h on Saturday + 12h on Sunday. You actually receive a full salary (minimum wage + some bonus) at the end of the month from this however having to work 8h/daily during the week + 12h/daily during the weekends would probably affect me a lot physically and mentally and I just don't think it's worth the money unless it's a really urgent need. + +\- Uber - My car is not really suitable for uber service (it's an hatchback and it consumes a lot) however I do have a motorbike and could use it for UberEats or any other service like this. From what I've read, the pay is really low for the hours you work and besides that I've read some really bad stories about accidents and Uber does not care at all. It doesn't look like it's the best option for me at the moment anyway. + +I'm not specifically good at any skill however I would be willing to learn something that could help me make extra cash. I've got a friend that started washing cars on the side and is actually making 40$/50$ per week which is very good for 5h/6h of work during all the week. I would like to do something similar to this but I'm not quite sure what. + +Any ideas from some people that have been in this situation? +Details: we have 6k in the bank that we just began saving around February. I don't work and stay with my child. My husband makes around 20/hr and is getting a raise soon. What can we do to lower the price, or what is an alternative on how to save money faster to recuperate our loss of the 3.5k? We wanted to get a home, but this is going to push us back. + +Any advice? + + +Edit: I only posted expecting some advice. But I didn't think there is so much help. I'm so sorry I tried to read and reply to most. I thank each and everyone of you. Thank you so much!!!! +Hello. My country (Bulgaria) is set to join the Eurozone some time in the future when we meet the requirements. The people opposing the euro often give out the argument that when we join we have joint-pay the Greece or Italy's debt since there is a shared-debt policy. Are they correct or it's just a way to scare off the people ? +Hi Everyone, + +&#x200B; + +This is the megathread for the April 2020 Jobs report. Please do not do not create new submissions linking to the Employment situation report, or to news articles reporting on the contents of said report. + +&#x200B; + +Here is the official BLS press release: [https://www.bls.gov/news.release/empsit.nr0.htm](https://www.bls.gov/news.release/empsit.nr0.htm) + +&#x200B; + +Key information: + +>Total nonfarm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) pandemic and efforts to contain it. Employment fell sharply in all major industry sectors, with particularly heavy job losses in leisure and hospitality. +https://www.ft.com/content/ba5ab83c-3a84-4544-8b7f-3158b358ef69 + +>Bill Ackman, the hedge fund billionaire, has bought a $1.1bn stake in Netflix as he seeks to capitalise on a sharp sell-off that has almost halved the streaming companyā€™s market value in the past few months. + +>Pershing Square, Ackmanā€™s investment group, has bought 3.1m shares of Netflix in recent days, making him a top-20 shareholder in the company, according to a letter to investors. At the current share price of $359.70, this equates to a stake of $1.1bn. + +>ā€œMany of our best investments have emerged when other investors, whose time horizons are short term, discard great companies at prices that look extraordinarily attractive when one has a long-term horizonā€, Ackman wrote. + +>Netflixā€™s stock price has dropped more than 40 per cent from an October peak of about $700 per share. The stock sold off more than 20 per cent on Friday after the company warned subscriber growth would slow substantially in the first three months of 2022. +Since I am into digital marketing, I often use Paypal to pay foreign writers and editors. I have been using Paypal for a very long time, it's quick and vastly accessible to all. But as you may be aware of, they charge some 4% for a transaction, which is quite a lot! + +I make frequent payment varies from $30 to $300. Does anyone know any cost-effective alternative where I could direct bank transfer to an individual living in the U.S by their account no and SWIFT code? Maybe using some third part but with less transaction charges? +Speaking to CA: + +Public ed is overwhelmingly female and they make 20% less than cohorts with similar level of education. Comparing a government job to the private sector is tricky. + +But prison guards are overwhelmingly male and can make upwards to $100k at the top end. And you just need a high school education. + +How does a pay gap exist in an entity that can create its own wage price? +&#x200B; + +>**DISCLAIMER:** What I post here is for educational purpose only and should not be construed as investment or trading advice. You are solely responsible for all decisions regarding your purchase and sale of securities. + +A stop loss is a specific price or price point on a chart where, if the stock crossed that price, you would want to close the trade without suffering further loss. Itā€™s common for most traders to set their stop loss based on some point on the chart, but new traders in particular should set their stop loss based on the volatility of the stock. + +When setting a stop loss based off the chart, the stop is set using one of the following reasons: + +1. A specific dollar amount below the candles +2. The low of day (LOD) or other intraday low +3. The low of past three to five candles +4. The low of the channel +5. A Moving Average or VWAP + +A specific dollar amount should never be used, unless it is a previous low set sometime in the past. The LOD or some other intraday low is more widely used, but it too often fails as stocks form multiple lower lows before breaking new highs. The low of the past three to five candles is used by traders playing bull flags or testing breakouts, but it often fails because the price is highly volatile in these tight ranges. The low of a channel is also used, but it fails when market makers drive prices further down when testing demand. Probably the best way to set a stop loss is by using a moving average and the VWAP, but a stock can have a sudden drop below the VWAP and dip right through one or two moving averages before finding its support. + +The stop loss techniques I just mentioned above suffer from one major flaw ā€“ they are all within market noise and susceptible to market volatility. A person new to day trading will want to have a stop loss outside the noise of the market, where prices are least likely to hit. In order to trade outside of the noise, the new day trader must know the volatility of a stock. Fortunately, thereā€™s an indicator that measures volatility, which is the **Average True Range (ATR)**. + +Volatility is measured by the spread of a candle, or the difference between the high and low. The ATR is the average of this spread over a period of X number of candles. By default, the ATR indicatorā€™s input is set to 14 RMA, which is designed to smoothen out the indicator line. You want the indicator line to reflect the current level of volatility, so use a 9 EMA as the input. + +Set your stop loss based on the following: + +# Stop Loss = ENTRY - (ATR * 2) + +The ENTRY is the price you bought (or expect to buy) the stock and the ATR is the value of the ATR from the previous candle. Multiplying the ATR by 2 adds an additional buffer to help move your stop loss below the market noise. + +I'm working on setting this up as a Pine Script in TradingView, if anyone is interested. +We are a couple with one income around 90k annually. Have 3 yo son. We recently got a house as we are expecting another baby soon. We end up spending more than the income for last 6 monthsā€¦on average 1k more than income. Hospital charges and furniture expenses are main culprits. What should I do to increase income (side hustle) or to decrease expenses? I decided to stop sending my child to daycare, but daycare expenses will come back sooner or later after second child is born. We barely spend much on eating outside, entertainment, travel, etc anyway. +I invested heavily in my 401k, probably like most of you. Has there been much talk about what will happen when more people are withdrawing from their 401k than putting in? + +Hoping to find some useful info on the topic, thanks! + +Right. I made a massive loss the 2020-21 year. Sent my EOFY statement to a H and R Block. But only the 2020-21 statement from NAB and not the previous year (2019-20) where I made most of my buys. Just forgot to send the one with the buys. The bloke checks it, gets his boss to check it and writes an an email to the effect of - 'sorry to be bearer of bad news, but you owe 20k in tax because of your trading'. +What the fuck... So he basically just looked at sells and not buys and works out those sells somehow started from zero (every statement has a buy/sell of course) because those buys were in the 2019-20 year. +I sent an email back. No response yet. Just a warning to be cautious and educated because even a franchise like H and R Block have proper mullets working there who don't understand how CGT works. + +Stay safe. +The FTSE 100 has outperformed its European counterparts in recent days, benefiting from the current macroeconomic and geopolitical climate given its heavy weighting in commodity and bank stocks. + +The index advanced for a 5th straight day yesterday, extending its break back above the 50-day MA. The RSI still shows room for further upside, and a close above the key psychological level of 7500 in the coming days might put it on track for a retest of its post-pandemic highs and the historical resistance around the 7700 level. + +However, there still a number of factors that could create potential headwinds for global equity markets. The war in Ukraine is already nearing the 1-month mark, and commodity prices and overall risk sentiment continue to be directly linked to headlines relating to the conflict. UK inflation figures are also due in an hour, and could provide a deeper insight into how aggressive the BOE might be after last weekā€™s dovish meeting. + +All trading carries risk, but it should be interesting to see if the FTSE can sustain this rally, or if the market will begin a new leg lower. +Don't know what flair to put for this post... so labeling opinion. This actually happened and this situation needs to have a giant ass spotlight pointed on it FOREVER until action is taking against Ken Griffin for lying under oath! + +**Does anyone remember when Ken Griffin lied under oath about this?** + +Go pull up the first Gamestop hearing on youtube and fast forward to 3:09:00 and starting watching from there for a min or two. Mr. Giffin was asked if anyone at Citadel had direct contact with anyone at Robinhood regarding the Gamestop situation after Jan 1st, 2021. Mr. Giffin responded with **"ABSOLUTELY NOT" - Ken Griffin**. + +We cannot let this slide! This needs to be posted everywhere so the world can know what kind of lengths these criminals will go to, to STEAL your money! + +edit 1: I made it easier for you apes... here is the link already set to 3:09:00. You're welcome you filthy apes! lol + +[https://youtu.be/VL-0uXJBzbo?t=11340](https://youtu.be/VL-0uXJBzbo?t=11340) + +make sure you read the last quote by Jim Swartwout in the pic below... **"Everyone is, you wouldn't believe the convo we just had with the citadel. Total mess" - Jim Swartwout.** + +https://preview.redd.it/wrmkd100jbp71.png?width=640&format=png&auto=webp&s=a77edfe0189ccf909db074ab516ac4b94a7115e5 + +It seems that multiple conversations took place between multiple companies during the month of Jan. 2021. I will never let people forget what Ken said during the first hearing of the GameStop saga. We need to make sure everyone understands that Mr. Griffin lied under oath! Hope you enjoy your stay in prison, Mr. Griffin. + +https://preview.redd.it/eqfjuukrjbp71.png?width=969&format=png&auto=webp&s=0da66ff9239eee262ecebe81ba02eb2488204404 +[https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html](https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html) + +So I think almost everyone understands on this forum that if the risk free interest rate goes from 3% to 6% that it makes future earnings and hence stocks less valuable. This new inflation report makes it seem like a guarantee that it will happen. +There are quite a few people here who exclusively invest in very small cap companies. What was the first stock you hit big on? What attracted you to it and do you still hold it now? +-2024E EPS of SP500 is $239 + +-Current price SP500 $3,647 + +-Current P/2024E EPS of ~15.3x + +-Letā€™s say daddy Pow brings recession and current 2024 earnings are slashed 25% (call it worst case) + +- The max FY+2 market earnings revision (change in current fiscal year + 2 earnings estimates) since 2005 was in ā€˜08 on 22-Sep-08 of -26.7% QoQ, so 25% seems like a reasonable downside caseā€¦ + +- At current SP500 price and 2024E EPS, a -25% revision would represent a P/2024E EPS of 21x. IMPORTANTLY, historically speaking, the market has on average traded at a P/E FY+2 of 14.9x. The max it has ever traded on this metric was 23x on 23-Dec-20 + +- So if we back into implied SP500 price using this average multiple, the hypothetical bottom of the market with 25% earnings revision on current 2024E EPS is $2,700 + +- $2,700 is 27% below current price of S&P500 + +- I personally donā€™t see earnings getting hit that badly so Iā€™ll call it 15% which brings me to a target price of $3,100 + +- When (if) the market falls to this level, Iā€™ll be moving from 90% cash to 50% cash and buying my quality value watchlist names +I live in an unincorporated area in the nw Chicago suburbs and the vacant land next to me went for sale. + +My home is currently on a lot close to an acre, white the average home in the area is on a 10k sq foot lot. Buying the land next to me would double the size of the land my house is on, about 2 acres. + +From an investment perspective, do homeowners see an ROI on the add'l land when combining with their current lot? Very few homes in the neighborhood are on lots that big, and it's an in-demand area. + +Thanks for the feedback. +I was doing some casual Zillow browsing today for multifamily properties (it's my form of entertainment). Today's market of interest was Salt Lake City. + +Literally every single multifamily property was priced at points rents that did not even cover the PITI -- who the hell are buying these places? + +First one I click on: [https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982\_zpid/](https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982_zpid/) +Price - 520k +Total Rental Income - 2.1k + +&#x200B; + +Second one I click on: [https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982\_zpid/](https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982_zpid/) +Price - 400k +Total Rental Income - 1.8k + +&#x200B; + +How do you afford to lose money every month and then have to worry about vacancy, repairs, property management, etc. I understand more-so for SFH since at lease it has inherent value. +I just wanted to pass on something simple Iā€™ve done to save electricity. + +My shower has an ā€œecoā€ setting. Pressing it means the energy usage is halved because the shower goes from using two heating elements to one. I still get the same temperature (admittedly by turning it up more), just not as much water. But itā€™s completely fine for a shower (just a bit rubbish compared to what my shower is like on its regular setting). + +I track my energy usage weekly now and this has reduced my weekly kWh by 20% (thatā€™s me and my partner having daily showers), + +I know itā€™s ridiculous even having to do this in the first place and even more so, sharing it. But wanted to pass on in the event it could help someone - especially in bigger households. +Total inflows (ETA: Net inflows, not total inflows) into the fund since inception equal approx. $17.37billion, while total assets stand at $7.78billion as of Oct 28. That equates to a net loss of $9.59 billion. + +&#x200B; + +The fund had most of its inflows, net inflows of $14.27billion, in the 8 months from August 2020 to March 2021. + +&#x200B; + +It then proceeded to lose 67.82% of its value from April 2021 from $120.85/share to $38.89/share after peaking in Feb 2021 at $156.68 per share. The huge loss stems from the fact that inflows peaked around the same time as the price of the underlying shares peaked. + +&#x200B; + +The fund has underperformed the S&P 500 by 53.7% in the last year(ARKK -67.67% vs S&P 500 -13.97%) + +ETA since some people are defending the funds performance on account of the recent rout, the fund has underperformed the S&P 500 since inception (65.7% v 19.8% in cumulative returns). This is not a high beta strategy at all +tl;dr - trading CFD's is the equivalent of drag racing your drunk mate down the freeway into oncoming traffic. No self respecting adult would bother with them, CFD's are for cocaine-snorting thrill-seeking morons (like me apparently) who have no respect for risk management. Don't gamble with your savings. + +&#x200B; + +**What are CFDs** + +CFD's are 'Contracts for Difference'. Very simply, if you have a trading account with the right permissions you can trade in CFD's. + +**Why are they dangerous** + +Because say you trade $250, on a normal trade (ie stocks etc) if the price falls by 10% you lose $25, which sucks but isn't world ending. CFD's are NOT like that - they are 'leveraged' which just means that if you put up $50 your exposure is many many many many times larger than that + +***EXAMPLE*** + +You buy 50 contracts on a stock that is trading at $100 a share.The stock then drops $10 in value.Your exposure is (50 \* 100) = $5,000 **BUT** because your 'margin' is only 5% of that, the initial amount you put up is a mere $250. + +So to illustrate: + +**Stock Trading** + +Initial Investment - $250 + +Value drop - 10% + +Loss - $25 + +**CFD Trading** + +Initial investment - $250 + +Value drop - 10% + +Loss - $500 + +&#x200B; + +**Closing remarks** + +These things are illegal in the US for a good reason. + +CFD's are for suckers, don't listen to anything that you hear to the contrary. EU regulators say that 76% of CFD accounts lose money. Let me say that again, **76% of these things lose $&\*#ing money**. If the odds at the casino were 1:4 there is no fkn way anybody would go. When you trade CFD's you are essentially just gambling but with WAY WAY worse odds.Cited: [https://www.iexpats.com/76-of-cfd-traders-lose-money-on-their-deals/](https://www.iexpats.com/76-of-cfd-traders-lose-money-on-their-deals/) + +You can't make long investments with CFD's, they aren't a long-term strategy and they are not part of ANY investment strategy with a reasonable risk profile. Please don't make the mistake I did and get sucked into trading them, it's stressful as hell and it is pure bravado driven bullshit. + +&#x200B; + +Stay safe out there folks, times are nuts + +Edit 1: Formatting got stuffed up + +Edit 2: Fixed the maths - cheer to those who pointed it out +Per CNBC: + +https://www.cnbc.com/2017/12/22/buffett-partner-charlie-munger-says-bitcoin-is-total-insanity-avoid-it-like-the-plague.html +