diff --git "a/reddit_finance_43_250k_113.txt" "b/reddit_finance_43_250k_113.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_113.txt" @@ -0,0 +1,10000 @@ + +\-The team is constantly engaging with their community + +\-Doxxed themselves in a video AMA which you can find on YouTube + +\-Building a legit licensed (soon) virtual crypto casino where you will receive extra benefits/rewards for using the Mello Token + +\-Redistributive rewards from holding the token (3%) plus an additional “regular airdrop for hardcore mello holders”? once the casino drops.. + +\-CONSTANTLY running giveaways like this one… + +So the reason why I’m highlighting the generosity of this team is because they are currently hosting a giveaway for an Oculus Quest 2 VR headset… + +Here is the link to the giveaway: + +[https://promos.mellotoken.com/oculus-quest2-vr-headset-giveaway](https://promos.mellotoken.com/oculus-quest2-vr-headset-giveaway) + +You can come back to this giveaway daily, apparently, and rack up entries. If you go hard enough on this you can really increase your odds of winning. I realize that me telling you this decreases my own odds LOL but I’m sharing this with the masses for the greater good of the Mello Token community… You can gain entries by referring friends, checking out their website.. etc. Just follow the link + +I have NEVER seen another crypto dev team do a giveaway like this. It’s usually just tokens (of which Mello gives away PLENTY..) but to see a low cap gem like Mello giving away an actual, *expensive* piece of technology.. I cannot believe they only have 5,000 holders. + +Again, I’m holding this token through thick and thin… + +Casino drops this year, I’m holding at LEAST until then. + +But hey, even if you don’t wanna buy just yet, at least throw your name in the hat for this Oculus! + +**Contract address (PanakeSwap V1):** 0x651bfbb26455294408aabc61a7adf427bf149898 +UPDATED. I am in conversation with a realtor friend who I had planned to hire as my sellers agent. The other day she suggested she would buy my place as part of her own 1031 exchange. There is currently no contract for listing or sale in place. I have a few Questions/thoughts around this: + +1. Do I even need a seller representation agreement? I would think not. So I would just need a lawyer/escrow/title services. +2. What if anything should the commission structure be? There would be no listing, no sales efforts on her part etc., and since we are not under a seller agreement I would consider myself the procuring cause of the sale. +3. If no commission I would expect her to offer slightly under listing value since we both save on effort and commission. What is reasonable or is there something else I'm not considering? +4. Would it work like this: we go under contract for sale with a contingency for the 1031 going through? +5. She has further suggested that I rent the house out and she buys it fully rented. This helps as I continue to have mortgage payments. +6. Any other thoughts, considerations, pitfalls, or advice? + +Thanks! + +EDIT: thanks everyone for the Comments. The realtor's own 1031 exchange hasn't starred, so the idea of renting is to keep me solvent while her own sale takes place. I assume we would both vet potential renters. +I was reading a reddit post where OP was saying is this the end of crypto, and the comments were just beautiful. People need to understand that the bear market is the black friday season for crypto, buy all you can, ETH is at 1500$, buy all you can again and more! We need more posts and comments like this to raise the spirits! I believe in crypto, and I surely believe it’ll go back up and through the roof! Buy them beautiful dips I say! + +Edit: Just so it’s clear with everyone, I’m not in no way a financial adviser, and this is not financial advise. Crypto might go down much more (which is a good thing imo) and it’ll break a lot of those who are filling up their bags now. The intent of this post is to make these hard times a bit more bearable. I still whole heartedly believe that crypto will bounce back up and will bounce back up hard. Just invest responsibly. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +American investor and vice chairman of Berkshire Hathaway, Charlie Munger, has opened large positions in Alibaba Group ($BABA) (the Chinese e-commerce giant and target of Chinese Communist Party (CCP) scrutiny), and many retail investors have followed suit seeing Munger’s involvement as a kind of stamp of approval that BABA is an inevitable profit and ideal place for value investors to put their money. + +My question is to what extent do non-accounting factors like investor sentiment and regulatory uncertainty factor into your assessment of a stock’s overall attraction as a potential investment, and what limitations do you see in the value investment approach in an inherently-irrational market? + +Not all stocks are perfectly priced to match their fundamentals (if they were no one would ever make any money). What’s your process to get from calculation of inherent value and financial health of a company, to the ultimate decision to buy or not buy (opportunity cost calculation, basically)? +Don't complain about your freshly bought stocks if you yolo'd into it. + +Just some advice: Shares go up, shares go down and sometimes shares go sideways. If you have just heard about a new share, then it is very possible that it's next move will be to the downside. Watch a share price for at least 1 week to confirm it is still not trending down. Be patient and wait for the share to come back into buy territory that the market will consider as undervalued. Also try not to buy a share during high volatility, wait for volume to subside and it is tracking sideways when it represents good value (ie after a dip). Unless of course you are chasing rockets then disregard the above and don't forget to pack your space cheese sticks. +When I first embarked on my investing journey I joined ausfinance to try to get some ideas as to how I could make money. + +Turns out they don't know anything except for Vanguard, how is anyone supposed to make money from Vanguard? + +So I ventured out into the wilderness of ASX_Bets and found our Messiah Melvin Butters spreading the word of our Lord and saviour BRN. + +Since that day my portfolio has seen nothing but green and i couldn't be happier. + +Thank you Melvin and the ASX_Bets community from saving me from eternal damnation +Looking for some good material to read up on how investing into individual companies in foreign stock markets whose prices are quoted in inflating currencies will impact the value and returns of the investment over time. + +Does anyone know where to look? +I am pretty bullish on 5G but do not have the time and expertise needed to pick the right companies operating in this space. Are there any reliable 5G ETFs that I can start putting my money into? +I'm in my early 30's and went through an IPO last year that took me from low 7-figures to mid 8-figures. I'm now starting to date again after this windfall, and I've been wondering how I should think about this w.r.t. dating. I'm more of a minimalist and indulge in very few luxuries, so strangers would never guess by just looking at me. + +I know every person and situation is unique, but still curious to hear stories from the community. + +* Did you bring it up earlier (let's arbitrarily say before the 5th date) or later? +* How did that conversation go? Did things change? +* Do you wish you did something differently? +* Any other tips and advice? + +If this content isn't appropriate for fatfire and is more appropriate for another subreddit, please lmk! + +(also working to get verified) +Forgive me if this isn't allowed. First time poster, but I've been reading a lot of posts. Right now I spend my time at work as a Network Technician, I'm going to school on the side, and I'm learning web development on the side to create SaaS products. + +In your opinion, regarding fat, would my time be better spent hustling for my side business and not applying more time climbing the tech ladder or should I focus on hustling to climb and reach an eventual goal of CTO or the like? + +I want the best for my future family and FIRE. My goal is to retire fat, of course, and I know I can get there. I'm just weighing my options on how to spend the bulk of my time and not run around with my head cut off focusing on too many things at once; rather prioritizing and cutting out the fat (no, it's not a pun lol). + +Edit: I'm 23 +Most of us are here to make money. Some people try trading, while others just HODL and check the prices every 5 minutes. And even though many of us have made decent amounts, neither of these two ways can guarantee a reliable source of income. + +But what if I told you that apart from trading and holding, there are other ways that can make you money in the crypto space? Well, in this guide I have collected most of these methods so that you can pick out the ones you prefer, and start earning passive income with crypto. + +# #1 - Staking + +Staking is an activity where a user locks or holds his funds in a cryptocurrency wallet to participate in maintaining the operations of a proof-of-stake (PoS)-based blockchain system. It is similar to crypto mining in the sense that it helps a network achieve consensus while rewarding users who participate. + +Staking can be an excellent way to increase your cryptocurrency holdings with minimal effort. You can stake various cryptocurrencies such as DOT, ADA, AVAX etc. By doing this, you earn a certain APY (annual percentage yield), usually between 4%-25% depending on how long you are willing to lock your cryptos. + +You can either stake a coin from a wallet such as Exodus, or you can stake your coins on a few exchanges (e.g. Binance). As always, DYOR before locking your crypto for 30-60-90 or more days. + +# #2 - Airdrops + +An airdrop, in the cryptocurrency business, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. + +The famous Uniswap airdrop made 49 million UNI claimable for users whose address has ever called the Uniswap v1 or v2 contracts. Each address could claim 400 UNI (worth ≈ $7400), which is a nice sum for doing almost nothing. + +It is worth keeping an eye out for possible future airdrops, so make sure to follow the news! :) + +# #3 - Reddit Moons + +Most of the users here already know, but for those who don't (and with a large influx of new members, it's possibly a lot of you guys), you can earn Moons for upvotes on this subreddit. But what are Moons? + +"Moons exist as ERC-20 tokens on the Ethereum blockchain, where they are managed by a suite of smart contracts that handle balances, transfers, distribution/claiming, and purchasing Special Memberships. The smart contracts and mobile apps have been reviewed and audited by Trail of Bits, an independent security firm with blockchain expertise. + +As blockchain tokens, Moons are independent of Reddit. Once you’ve earned them, neither Reddit nor moderators can take your Moons away or decide what you do with them. They’re all yours." + +In order to be able to claim your Moons, you'll need to download the Reddit mobile app and set up your vault (click on your icon at the top left of the home page). + +The main purpose for moons is to own a share of the community (vote on governance/distribution proposals) as well as redeem them for the premium membership, which allows you to change the color of your username, embed gifs in comments, add custom flair, etc. + +To sum it up, you earn Moons by commenting and posting - something that you'd normally do anyway. Just don't forget to create your vault! + +In case you want to, you have the option to sell your Moons. The current price of Moons is $0.071380 / coin (15/02/2021), and you can only sell your moons on Honeyswap at the moment. + +# #4 - Nexo, Celsius, etc. + +This method is very similar to what banks offer on your investment, except that on Nexo and Celsius you can earn up to 6-14% just by keeping your crypto, stablecoin or fiat on their site. + +While the saying "not your keys, not your coins" is true, these companies are insured and have never been hacked before. As far as I know, both of these sites have a daily payout system, and you can deposit and withdraw funds whenever you want to. + +If you choose this method, it might be worth splitting your investment between these sites in order to prepare for the worst and also to be able to claim offers and bonuses on both sites once available. + +# #5 - Coinbase Earn + +Not a "passive" method, but I felt like I should add this one to the list. Many of you are already familiar with the "It ain't much, but it's honest work" meme referring to Coinbase Earn, a program where you can earn a few coins by watching educational videos of certain cryptocurrencies and solving the quizzes that follow said videos. + +In my country, currently Graph, Compound, XLM, CELO, Band, and Maker are available through Coinbase Earn, and if you complete all of these crypto's quizzes, you can earn up to $30-$40. In crypto, of course. + +Compared to the previous methods, it truly ain't much, but it's honest work, and who knows how these coins will perform in the upcoming years. Worth a shot! + +&#x200B; + +**If you have any other suggestions or feel like sharing your experience on passive income and cryptocurrencies, feel free to do that! :)** + +&#x200B; + +*The above references are an opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.* +[https://youtu.be/GMwE5\_h2xEA](https://youtu.be/GMwE5_h2xEA) + +# If this is your introduction to Dennis Kelleher and Better Markets, we suggest you check out the Better Markets [website](https://bettermarkets.org/) and this previous [AMA](https://www.reddit.com/r/GME/comments/mdt4vi/official_ama_with_dennis_kelleher_president_ceo/). + +# Some topics we covered - + +* Buy button being shut off in January 2021. +* Regarding SEC Report - Difference between staff report vs Agency report - this was a staff report. This report was done too quickly, and was not thorough enough. +* Questions raised about the conclusions of the staff report. +* Board of directors being able to talk about DRS. +* Abusive short selling. +* Market Reform. +* SEC. +* Superstonk. + +# Questions everyone still has - + +* What did Citadel know and when did they know it? +* What were the communications between Citadel, Melvin Capital, Point 72, and Robinhood? +* Why would they lend billions of dollars, unless they were reasonably certain they’d be able to get it back? + +**"At a minimum, it’s imperative that we find the facts." - Dennis Kelleher** + +There’s still a massive amount of questions here, just about the shutting off of the buy button. + +There’s a lot of reasons to be worried about both what happened, and what it means about what might happen in the future. + +Some Academics expanded the dataset and raised questions about the causes and the actions that led up to the shutting off of the buy button. + +[https://clsbluesky.law.columbia.edu/2022/02/22/an-academic-critique-of-the-secs-gamestop-report/](https://clsbluesky.law.columbia.edu/2022/02/22/an-academic-critique-of-the-secs-gamestop-report/) \- Their conclusions are not the same as the SEC staff report, and they talk about some of the inefficiencies with the Staff report's data. + +&#x200B; + +“It’s important to recognize that there is enormous power in the community that's been created around investing in the markets and they’ve demonstrated their power in the markets as we’ve seen over the last year. But I do think it’s important to recognize that to be really fundamentally effective in the markets, they also have to be engaged in the policy making process.” - **Talking about Superstonk💎🙌** + +[Template from Better Markets website to submit comments to SEC](https://bettermarkets.org/wp-content/uploads/2022/02/Comment_Letter_Template.docx) + +^(thank you to) [^(u/Luma44)](https://www.reddit.com/u/Luma44/) ^(for producing and editing the video; thanks to) [^(u/Luma44)](https://www.reddit.com/u/Luma44/) ^(and) [^(u/hipz)](https://www.reddit.com/u/hipz/) ^(for transcribing! Go Team🎉) + +Transcript will be out ASAP, will edit this post to include it +It seems crazy! The country has only 18,000 people or so. And as per Wikipedia it relies heavily on tourism and agriculture. Yet the country manages to have a GDP (PPP) of $16,000 putting it near to the world average. + +How does the country even have such a high GDP (PPP)? + +I know that it receives assistance from USA. But does that actually translate to better living standards for people? +I'm trying a cross-post here, hope I'm doing this right, I made some slight improvements after some review on the DD sub. + +So hi everybody, I've been lurking for a while, thought I might have something to contribute to the hive-mind. I'm submitting this late at night California time cause it took me a while, it turned out to be very long. Anyway, good morning Euro friends! Can't wait to visit you all again someday! + +So I've seen a lot of speculation on FTD cycles of 20-something days, 30-something days, etc, plenty of people wonder if there's really something wonky with GME's price, it sure looks like there are some cycles there, but is there anyway to measure that in a quantitative way? Yes, it's called [Fourier Analysis](https://en.wikipedia.org/wiki/Fourier_analysis), also known as looking at a plot of power [spectral density](https://en.wikipedia.org/wiki/Spectral_density). + +I've heard some people use this phrase "technical analysis" of price movements, which I believe is called that because it is only just technically a form of analysis? Haha, ok but I seriously don't know why they call it that. I know I'm not the only science-type here, I have a background that does not involve finance but does involve using statistics and I will attempt to perform a statistical analysis. There will be some hand-waving by the end, and in that sense, this may remind you of a so-called technical analysis. + +Here's a meme to explain some of the deep secrets of statistical analysis: + +&#x200B; + +https://preview.redd.it/kj5wzkrzo1171.jpg?width=590&format=pjpg&auto=webp&s=5b2b5645ca18bc1fef5d388dea366203e9f7b6e7 + +Ok so the first question here is how to slice and dice our data. A Fourier analysis requires an unbroken series of consecutive samples of the signal for which you wish to know the power associated with any variable cycles in that signal. That is, if you want to know how much amplitude power is associated with price movements on a 30-day time-scale, you would need an unbroken series of prices many times longer than 30 days. This is because if you only had a random stretch of 60 days, for example, you would only be likely to catch one 30 day-cycle in the middle. If you had data for a consecutive stretch of 120 trading days, you could see 3, maybe 4 cycles with 30-day periods depending on when the cycle starts. + +&#x200B; + +So one thing to watch out for is the maximum length of a period under consideration in a Fourier analysis, and only trust power reported for cycles 2 to 4 times shorter than that stretch. So that said, we've got several long time periods of interest to choose from. For this analysis, I choose 3 main periods: The before times of 2016-2019, The Short Period when prices were very low in Q3,Q4 2019 - Q1,Q2 of 2020, and The Ape Days which are obviously the recent times in 2021, but appear to really begin in August 2020, so I will subset Aug - Dec 2020 as The Ape Days of 2020 to see if anything special was going on in the price movements during that time before the coverage became significant: + +https://preview.redd.it/2bgxsrkap1171.jpg?width=1857&format=pjpg&auto=webp&s=34c713ba6b753fbb9aad4f3280029e80462b60c1 + +I have tried slightly changing the boundaries of these time-frames, especially the boundaries around "The Short Period", and it does not have a significant effect on these results. We need to have a signal that is regularly sampled for Fourier Analysis, and I currently only have access to Open and Close price data. To get a uniformly spaced signal, I'm going to pretend the Open price for each trading day occurred at 6am and the Close price occurred at 6 pm, and those are my samples, 2 per day, equally spaced. If anyone has access to long stretches of hourly data they are willing to share, I would perform this analysis on it with interest. I interpolate across weekends to complete long stretches of consecutive calendar days. I am worried about how the interpolation over weekends may affect the conclusions, so I will focus on periods of consecutive trading days, but know that I've considered it. Look how the interpolation is a little wonky over the weekends depending on interpolation choice: + +https://preview.redd.it/d6408q0dp1171.jpg?width=1750&format=pjpg&auto=webp&s=c452b978e7aa62bb83a716a4e3d9544a63479560 + +Now, a short primer on how to interpret the types of figures I'm about to show you. Prepare yourself, they look messy. They are best to view by kind of blurring your eyes and looking only briefly, you are not supposed to read too much into any of the many peaks, unless they look like a local maximum. We could come up with a series of ad-hoc criteria to determine local maxima and call it objective, but this is somewhat subjective. Here's the first one, no pressure, just get a feel for how it looks: + +&#x200B; + +https://preview.redd.it/mpl2q82gp1171.jpg?width=2813&format=pjpg&auto=webp&s=36c9dcc0c48e81da13a3606f46971fbfcb024304 + +What we see for the Before Times and the Short Period is a "spectrally flat" slope, consistent with statistical noise. There is no particular cycle with a peak that stands above the crowd, if you will. The power spectral densities (PSDs) plotted in blue and green above seem like they have a lot of noise for periods of a few days, and then become big loopy waves out at the long time scales of 100-day periods and beyond. The messiest part is over-sampled, but those long cycles are significant fractions of the total signal length, and power associated with a potential cycle at those long ranges can "alias" themselves out (under-sampled). So don't read too much into the far right side, but do consider the left side and the middle. We discussed this before when thinking about looking for a 30-day pattern with only a 60 day stretch, but here we have 400 and 800 day stretches of days. Note that 10\^0 = 1 day. I note this looks to me like [pink noise](https://en.wikipedia.org/wiki/Pink_noise), I have no idea what to make of that but I find it very interesting. + +The y-axis shows the power per cycle associated with any cycle, and the x-axis shows the period of that cycle. The fact that the units on the y-axis are decibels per cycle per day is supposed to clue you in that dB is a type of log-scale. The x-axis is log scale too. What we see for both the Before Times and the Short Period is a generally constant slope of higher power at longer and longer timescales. Note that this doesn't tell us anything about the trend of price, whether generally up or down, Fourier analysis does not care about that. It only tells us the power associated with cycles of variable periods unrelated to background rising or falling trends. Before August 2020 there were no predictable cycles. + +Now, the result you've been waiting for, here are the PSDs for the Ape Days, and the 2020 only subset, and a normal 200-day period, without annotations: + +&#x200B; + +https://preview.redd.it/ik7f3h8pp1171.jpg?width=2813&format=pjpg&auto=webp&s=e8a31569f36367d5b811d094e5f35bbec212db86 + +Here are some annotations to guide your eye and go with the following discussion: + +https://preview.redd.it/5qbabk5qp1171.jpg?width=1623&format=pjpg&auto=webp&s=b683e99f353dec807ae7175d807f42ffddca27e0 + +In the above figure, I color as orange the PSD of price movements during the most recent 200 trading days (Ape Days). In blue, I plot the PSD associated with 200 trading days during the Before Times, as a comparison to show what a normal 200-day period would look like. This helps us be sure that the Ape Days are indeed unusual. In black, I plot a shorter period of the 115 Ape Days of 2020 only. + +While there are particular peaks at 24 trading days, and 35 trading days, it is difficult to be sure these peaks are really local maxima. Could be, say, 21 and 33, I mean, but not 20 and 40. In the shorter Ape Days of 2020 only period, it seems like the 30-day cycle is gone, and the 24 day cycle was longer at 26 days... this may be due to the shorter sampling period of only 115 days. + +The peaks at 6, 7, 10, and 15 trading days are only slight local maxima. I imagine some of the power over these time periods is due to options activities, could be people closing out their weeklies or monthlies a various few days or weeks early. The peak around 4.15 days is curiously well resolved, I tried a lot of slicing and dicing and it kept showing up as 4.13, 4.16, but never just 4 days. I note that 4.17 ish days is exactly 100 hours. Could there be some fundamental finance cycle on that time scale... maybe it's algos? I need to find hourly data to have more insight. + +But the number one thing I was surprised to see with this analysis is the wonky way the power seems shifted around the 2-day time period. It's almost as if price movements on shorter time-scales have been somehow damped. I only have 2 samples per day, so maybe it is aliasing... but it doesn't show up in any of the Before Times samples. + +&#x200B; + +TL;DR: I basically turned GME's price into a sound, and during the before times, it was all [pink noise](https://en.wikipedia.org/wiki/Pink_noise)... and then sometime around the end of 2020, it starts to beat, at a rate curiously similar to the FTD cycle... power at 2.5 days, 20ish days, 30ish days, the beat is there +Hello, + +This morning I found a property listed on the MLS that is a good deal by all metrics. I have tried calling local real estate firms and so far I have talked to a couple of agents. Because this deal is so obviously good, I am getting the feeling that the agents might instead pass the info on to their other clientele instead. + +Does anyone have any advice for this situation? +I sold a 11.5 covered call on PLTR for 0.13 and it’s now ITM. My cost basis is 22.2 I really don’t want to be called away for a loss on the shares (even tho I can just rebuy with the capital that’s freed up?? Idk how that works with taxes).. so my question is can i just keep rolling OTM and never get assigned. + +It seems like hypothetically as long as the next weeks nearest OTM option is worth more than it costs to buy the one that is ITM back it works and u shouldn’t take a $loss. Of course you lose a a lot of time but that’s fine to me. +➕I live in Ireland and there are 2 big factors which destroy the benefits of investing into an ETF. +➕I’m 18 and would love to invest in VUSA for 40 years but I realize that it will not be worth it due to tax. +➕In Ireland there is a flat exit tax rate of 41% on ETF’s (even if you hold for a long time). This is only the case with ETF’s and not individual stocks. +➕There is also an 8 year “deemed disposal” rule which means that if you hold an ETF for 8 years you must pay taxes on an gains made it that time (even if you don’t sell. You still have to calculate the gains and pay the taxes). +This means that if I was to hold VUSA for 40 years I would pay 41% on all my gains every 8 years. (This ruins the power of compound interest). +➕So I have come up with an equivalent plan but am still unsure if it is the correct approach: +I can create my own Pie of individual stocks just like an ETF (maybe only 30-50 stocks) and expose myself to all sectors and hopefully match the S&P 500’s returns (hopefully). And now I avoid the 8 year deemed disposal rule because this is technically not an ETF but my own pie. +➕And secondly to avoid the 41% exit tax in 40 years I could move to a country with low Capital gains tax and sell my stocks there to avoid paying almost half of the gains. +I want to know if this approach is a terrible idea or if it just might work over a long period of time. +TL;DR: CS pulls the shares after your broker sends an “earnest request” to CS. CS does their part in 2 days. **When your broker says 2 weeks to transfer, it’s them saying, we’re gonna hold onto this request for 2 weeks before we even send it to CS.** + +So, I use Fidelity as my broker and I have a cash account. I had been holding out transferring my shares because I’ve been busy, but also because I like to arrive at parties a little late. Fashionably. + +Anyway, called the broker on Friday afternoon around 6pm and told them I wanted to transfer my shares. My guy hadn’t done it before (surprise) so he had to ask for help. That’s fine, everyone has to learn somehow. I figured I’d be the guinney pig, and just figured it’d take 20+ mins. Five minutes later, we were done and I even had time to ask him if this was the order that would lock the float at CS. But, even for someone new, this task is so easy it takes 5 minutes, so there’s that. + +Now, I’ve been hearing about how long it takes to have the shares sent. But my guy said 2-3 days, so when my shares weren’t available in my CS account on Tuesday evening, I decided to call and get to the bottom of it. + +That’s when things got interesting. **What he told me was that they only send the request over to CS, CS finds the shares and pulls them.** My request was actually sent on Friday. This goes along with what I heard on CS when I was chatting with them - they said, “As soon as your broker sends us an EARNEST REQUEST, we can get the process rolling.” Once the request gets to CS, the process takes 2 days. + +Well, guess what I was able to do today. I was able to log into CS and create an account and my shares were there. Friday evening to Wednesday morning. **MY TRANSFER WAS BASICALLY COMPLETED IN TWO DAYS.** + +What this tells me is that it’s not that your broker can’t find the shares. **It is that they are refusing to even send the Earnest Request for 2-3 weeks!** + +This was all based on my first hand experience and communication with reps over phone and chat, so who knows, I may have misinterpreted it. I have no proof. I guess I’m trust me guy. Feel free to correct me if I’m getting stuff wrong. + +Buy, DRS, hold. + +This stuff is wild. + +**Note:** *Please don't turn this into a pro-fidelity platform. This isn’t meant as a pro-fidelity post. I’m not suggesting everyone transfer their shares to Fidelity.* ***I’m suggesting you hold your broker accountable and that this isn’t a 2 week long process.*** *Knowledge is power!* +Listen you little newbs , stick to these 2 main stocks so we can HOLD them together and come out on top. +GME +AMC + +Just buy only those 2 and nothing else. The reason WHY these 2 stocks are NOT going up is because we are all over the place. Focus on those 2 for HOLDING and we all come out on top together. Yes I am a financial advisor and I won’t reveal my ITA information. (Legal protection rights) + +Anyways carry on. + +Edit #1: Another thing killing the stocks is putting sell orders. Cashing in and out. You are missing the opportunity of a much larger cash out of you just HOLD. Get rid of your sell orders and just hold onto those stocks. Also if you want brokerage accounts try Fidelity, Etrade, Webull, M1 Finance. + +Edit #2: after today’s volumes me and my team have discovered yet another shift in these “main” stocks. +NAKD is officially out of the mix. +AMC and GME are the only stocks anyone should be buying. If we had the same amount of people invest more into either of those stocks rather than the BB NOK and other misleading stocks TODAY then GME and AMC would’ve reached a very very very big number. + +Edit#3: everyone this is your chance to buy the dip before this explodes. This is literally a mirror image from what happen to VW back in 08. Don’t be dumb and sell your stocks keep holding. The only reason why the price is going down is because HF are selling to eachother to manipulate the stock price. + +Please watch this new video highlighted in the blue wording. If you click on it it will take you to a video explaining everything on a beginner level basis. [BUY AMC DIP](https://youtu.be/RZHn--2wfwQ) +So my fiancée has been talking to her friend lately who has been going through some issues with her husband. He apparently has been asking his coworkers for help with their bills because he’s put all of his paychecks into his brokerage. + +For months, she has been wondering why her husband has been short on paying the bills until recently she has decided to check their joint bank account’s transactions. Sure enough this ape has withdrawn thousands of dollars they can’t afford to put into his RH account lmao. + +On top of that, she has also seen charges for Onlyfans too. + +Based off of what I’ve heard, it seems like it’s his first time investing. IMAGINE being such a dumb fuck you dump all of you and your wife’s money into stocks you don’t know shit about and into e-girls. + +If this retard is one of you guys, I applaud you on being at the bottom of the IQ scale and wish you the best of luck on your divorce. +Like the tile says, what’s something you did in your teens or 20’s that you are thankful to yourself for doing it? because you’re in a better financial position because of it. +As soon as the 23rd was hyped as the most recent “date” based on reasonable past patterns, you knew they would move the timetable. They want Apes to be discouraged over this holiday and also used it to their advantage to suck money from the options players. A pattern only works to your advantage if your adversary doesn’t realize you know the pattern! As always, stay strong. HODL and DRS are our friends. Stay strong new Apes. 🚀🚀💎💎🙌🙌 +What would you do? We have placed an offer on a property, yesterday, after eyeing it on the market for months as the price has lowered continually and now into reach of our budget. + +We started with $650,000 in mind but have since moved to $665,000 yesterday in a formal offer. The agent has now told me that late last nihht they recieved another offer. She has changed her story twice, with first noting that their offer was slightly higher to now the offer is even with ours and she really wants to give it to us but we must go abit higher to win it. So I don't want to budge, I believe I can afford to but I don't really want to be stretching our budget right to its end at the moment with the way the markets going. + +She told us that the other potential buyer is an investor who will be able to go higher so she encourages us to strongly consider raising. +So, as many of you probably know, Puerto Rico has tax laws that if you move there as a US citizen, you pay no US federal income tax. You are then subjected to <4% PR tax on any income that is considered as PR source income. + +I considered moving down there back in 2015, but visited a few parts of the island and it didn't really seem that great a place to live. + +Wondering if anyone in here has moved down there and if they like it. I know there are the tax savings, but I want to hear about your quality of life. Are there are good communities down there that feel safe? Do you meet a lot of other entrepreneurs? +A little over a year ago, both my wife and I were unemployed with our first child on the way. I landed an interview, but thought I bombed it. But two weeks later, I got a phone call from HR double checking my salary requirements. I replied with $60k, which was about 10% more than I made at my previous job. I thought there would be some negotiating, but they sent me an offer letter with the full 60k. I obviously accepted. + +Fast forward a year. I love my job and the people I work with. Everything is great. + +I have access to my predecessor's inbox to be able to find pertinent information/conversations regarding old projects. One day while doing exactly that, I saw an electronic copy of her W2. I really shouldn't have clicked it, but my curiosity got the better of me and I saw that she earned over 80k in base salary. Obviously I got a bit of sticker shock, then a little jealous. + +Without addressing salary at all, I asked my manager how my work compares to that of my predecessor. I know she was well liked and good at her job, so I wanted to double check that there were no gaps in job responsibilities or performance that could be used to justify a lower pay grade. My manager assured me that my performance has been equal in most cases and even exceeds in a few areas. + +So I guess my question is this. In the next month or so, I have an official performance review with the head of HR, my boss, and the owner of the company (small business, approx $20mil in sales annually.) How can I use this new found knowledge to approach this conversation? Obviously I am not going to mention the W2. I have been very happy with this company and have no desire to leave. I don't even truly feel underpaid. But now that I know that I left money on the table, I want to see what we can work out. + +Thanks for your thoughts! +If the shfs were really all powerful they wouldn’t be panic short selling the instant the price goes up even a couple bucks. They’d be employing a more global, long-term strategy of domination that’s not so reactionary and knee jerk. + +While on the surface trading sessions over the last weeks have shown them seem to exert almost total control over price movement, when we look deeper we see that the fierce, instant, reactionary nature of their attacks is indicative of a cornered animal fighting for its very survival, not an all powerful entity in total control of the situation. +This is a follow up to [the big chinese ticker scam](https://www.reddit.com/r/Superstonk/comments/wdzaxg/hkd_a_chinese_ticker_2mmonth_revenue_no_history/), which became the highest by-market-crap-on-the-books crime in human history, [as well as another recent ticker scam](https://www.reddit.com/r/Superstonk/comments/whjxvs/80m_to_4_billion_in_1_day_the_magic_of_crime_the/). + +Firstly, good job for staying away from these. MSM did try hard to call them 'mEmE StOcKs'. MSM tried even harder to push innocent investors like you and me into them. These pieces of illicit trash were, and still are, uninvestable. Remain clear of these pump and dumps, they're junk. They are not meme stocks; they'll never be. + +Let's take a look at where things are today: + +&#x200B; + +|Ticker|Book Value a week ago (in Billions of USD)|Book Value today (in Billions of USD)| +|:-|:-|:-| +|HKD|477.00|39.23| +|AMTD|16.70|2.81| +|QRTEB|4.60|1.36| +|LTRPB|0.40|0.15| +|MEGL|4.91|0.25| +|Total:|**504**|**43**| + +&#x200B; + +Let's remember that this criminal balloon was developed beginning July 15th during the GameStop split/dividend process that was defrauded by DTCC into a split. Also remember that Loop Capital, a GameStop short seller who is a stones throw away from Citadel in Chicago, underwrote the major one above. + +These tickers, just last week, were able to be used as **half a Trillion USD** **in collateral** \[for margin requirements\] on the books. **Now down 92% overnight to $43B**, which is less than the margin alert received by Susquehanna. + +Because of this, *I feel that something big is coming*... *Buy GameStop. DRS. Hold. Lock the float.* +EverRise is a hyper-deflationary token, which rewards investors for holding tokens, while also incorporating the Buyback approach currently present in the stock market. EverRise is the first cryptocurrency ever to include automatic Buyback. 💰 + +🎉**Here are some of the achievements in just the first 48 hours!**🎉 + +✅ 55+ million market cap! + +✅ 17,000+ Holders and Telegram members! + +✅ 6,500 Twitter Followers! + +✅ CoinGecko untracked in less than 24 hours! CMC listing is imminent! + +EverRise is currently establishing the new standard of DeFi tokenomics with their proprietary automatic buyback feature! 🔥 +Remember when SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens? EverRise is the NEW future of DeFi! 🚀 + + +**Why invest in EverRise? How do these new Tokenomics work?** + +The proprietary buyback feature is achieved by using 6% of the 11% transaction tax to buyback coins from the liquidity pool automatically. The transaction is triggered after every sell, and this ensures that there will never be multiple sells in a row! + +After the tokens from the Liquidity pool are bought, the new BNB amount is added to the pool and the amount of the tokens are reduced, which results in an increase in price. Once those tokens are burnt, it is like adding free BNB to the pool as there are no tokens to sell in the future. + + +**Future Plans for the EverOwn Platform** + +One of the biggest issues legit new projects face is whether or not to renounce contract ownership… Many new projects feel the renouncing the contract early on will establish trust with the community and attract new buyers. + +However, the decision to renounce contract ownership early on does not come without sacrifice… If the DEV team ever needs to access the contract for further development, they will not be able to update it. + + +**Our solution is the EverOwn platform! ** +We will create a new contract, where ownership of any projects can be transferred to the EverOwn contract. + +🟢 EverOwn will have no functions other than the ones which deal with ownership. + +🟢 We will build a new dApp to interact with the EverOwn Platform. + +🟢 Project owners can transfer their ownership free of charge. However, to re-claim the ownership, they must pay a fee along with the approved voting of the community. +Investors will have the option to vote on the dApp, whether the owner is allowed to re-claim or not, and owners can transfer back the ownership the EverOwn contract after the issue is fixed. + +🟢 Another advantage of transferring the ownership to the contract is that the new liquidity which is generated will be auto assigned to the EverOwn contract and the owner will not have access to it thus preventing a possible rugpull. + + +EverRise Information: + +💻 Website - https://www.everrisecoin.com/ + +📄 Contract Address - 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +📄 Whitepaper - https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf + +📄 TechRate Audit - https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Finance-Full-Smart-Contract-Security-Audit.pdf + +🔐 Locked LP - https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC + +🦎CoinGecko Listing (tracking coming soon) - https://www.coingecko.com/en/coins/everrise + +Telegram - https://t.me/everriseofficial + +Twitter - https://twitter.com/EverRiseToken +ICT and copycats alike have infected retail forex. Its nothing new really, and it used to run under a different name, but people need to understand that marketers like ICT do not have your best interest in mind. They only exist to sell you a prospect. +ICT has been caught numerous times trading demos when he is supposed to be trading real money. He has been called out for huge losses and brushed them off as "Oh I was just testing the market, those losses don't count." Do you realize how ridiculous he sounds? He's a snakeoil salesman. He rambles on and on. Anytime his logic starts to show cracks he just adds another layer of reasoning to discontinue the current train of reasoning. "Oh, this zone failed because its actually part of a much bigger retracement, the market makers want to trick you with this one. (5 minutes later the zone validates itself again) "Oh this is actually a classic reverse blah blah blah seen its a thousand times." Its a constant layer of BS and contradictions. There is no organized reasoning, it constantly changes to validate him. +The concept of SMC itself is fundamentally flawed. If you cannot quantify aspects to your reasoning in trading then they only exist as arbitrary vague. I have found no SMC trader who can tell me anything specific about an order block. "There is liquidity above this order block." Ok, roughly how much money sits there? No one can answer that. I get that retail traders do not have access to the back-end of the banking, but then how can you base your position off of it. How about assigning it a relative value. Compare X order block to Y order block. Which one has more liquidity surrounding it? Out of every 1000 demand zones that appear on X pair, how many of them fail? Its not possible to say because the definition is too vague. I could ask 100 SMC traders to draw supply and demand zones on a chart and there will be a large array of results. How exactly do you supposedly back test something that you can't define in the first place. +It needs to be understood that Forex especially in the short term is very random for the same reason the price of oil can be random. Not everyone buying a barrel of oil plans on speculating its future value. They need oil because its a commodity. Currencies work the same way. Sometimes people need a specific currency regardless of its price outlook. Its going to be impossible to predict a lot of short term movements because of that. You will have people who trade short terms movements and do well, however you also have people who play craps and do very well. It doesn't always mean you are playing a winning game just because you happen to be winning. +I am going to shill macros once again and I always will because they are the only predictable driving force of currency markets. I can tell you exactly the average range of a specific news release. You can go back in time and see the sheer affects of interest rates/PPI/Bond Auctions/Job data ect month over month and year over year. Sure the market deviates but it will always gravitate back to what the macro data is. +You are being sold something under the guise that its unique and special, but scroll through this sub. SMC and technicals in general are what 99 percent of people use. Every CPI release you can scroll through this sub and it will be chalk full of people panicking because there pair is way more volatile than what they thought they signed up for. Its embarrassing when you claim to be an expert trader after making some money for a couple months and continue to give ICT and alikes your voucher but you can't fathom why high CPI would strengthen a currency. Therefore you claim trading news is another market maker ploy. No, the market isn't going move hundreds of millions of dollars to collect your micro lots that don't even exist outside of the bucketshop CFD provider you "trade" with. +Like the post says, I got fired from my full time job recently, Been a part time trader for some years now. I've had a week to think about this, about getting another job, about finances and what I'm going to do in the future, bla blah blah. I'm single, with no kids at the moment, so I figure this is the right time to just invest myself in trading fully. I was up 190% by august last year, and that was accumulated since january last year. I had some personal issues come up in my life where I lost focus and started revenge trading and deviating from my plan. So I decided to put trading on the back burner while i got my life figured out. Well, apparently it's still in the process of being figured out. But I know I can do this whole heartedly. I had a job interview today I turned down because I have invested so much time into learning how to be a successful trader. And I told my family that i'm burned out on what I did for a living a week ago and I dont want to be that person anymore. This is my rant to you guys. I'm going for it full time this time and sinking my life into it. Not looking to get rich (which is what's wrong with the half of these posts in this sub) just trying to dictate my own life based on my own terms. Tired of people and places telling me what to do and where to be and to ultimately get a promotion with extra responsibilities with no extra pay. I'm tired of being a slave to the world... living to work and working to live. So this is my post to just say, "HEY, thanks for reading and good luck to you." tomorrow's another day. Don't let ANYTHING dictate yourself and your goals. +I sold most of my company two years ago. My net worth is 35 million. + +Since that time I have done nothing with the money. When I first got the money I put the whole lot in a 6 month CD because I figured that it was better to just chill and not make any rash decisions. + +Well, 6 months just kind of flew by and so I put it in a 6 month CD again. And again and again. Yes, I know I should have invested it. + +But the problem is that I just can't fucking get myself to actually do it. I know everyone says to just plow the whole lot into an S&P500 ETF and that dollar cost averaging is bad. Blah blah blah. + +But this is all the money I have and probably all I'll ever have. And everything just seems to overpriced. It keeps feeling like there is going to be a crash soon but it just hasn't come. I would feel like a total fucking idiot if I put it all in and lost a huge percentage. And yeah. It will all come back over the long term. Just hold through the crash. But what if it didn't? It didn't in Japan. + +But then I look at what the S&P500 growth has been since I got the money and I feel totally retarded. I often see posts around on reddit where people say things like "Anyone really rich doesn't have their money in the bank" and feel bad every time. + +So then I start to justify it. Like, this is enough money that I literally could just leave it in CDs and burn through the capital at 600k inflation adjusted per year for the next 60 years. It would be basically zero risk. + +But then my brain starts thinking "But what about climate change". "But what if US dollars have a crash". "But what if there is a war with china". That could make even holding cash a bad idea. + +So then I think I need to really diversify my money. Like, make myself immune to all the shit that could happen. But then I start thinking about how I'll be giving up on growth then. That I'm wasting my oppertunity. But then I'm wasting my oppertunity right now by just hording cash. But then what if there is a crash really soon. And on. And on. And on. + +ARRG. + +This shit just cycles through my brain and I'm completely paralysed. +Like a lot of you, the last 2 years has been an extremely eye opening experience in how are markets operate. More specific, how they operate to benefit the few to the detriment of the many. The game truly is rigged, everything is connected, and believe it or not, we are in the end game (not just hype). I will show you what I have discovered, explain exactly how SHF always seem to make money and never lose, the actual mechanics of cellar boxing a company or multiple companies and how they’ve gotten away with it, the connections between the index funds, CToe and Gamesop (why GME had a negative correlation to index funds in the beginning, but now is directly correlated), exactly why GME runs when it does, drops when it does, and finally, the true nature of our chairman’s genius. + +I want to preface this buy saying I am not a financial expert, I’m not a professional writer, I’m a random electrician and I’m writing all of this from a phone. Every cent I own is in GME and while I’m 100% confident in this information, I do not recommend trying to trade on this information. These guys literally own everything and there are no limits to their ability to manipulate price, especially now that it’s almost over. + +Everyone here is aware of the general idea of how cellar boxing works. Shf short a stock to into the ground, using MM’s, Banks, and swaps until they declare bankruptcy. But how exactly do they do it? + + First they need insiders. They need people in key positions to 1) give them the financials before earnings 2) prevent any kind or turnaround or surprises 3) pump the public and retail investors with hope so they keep buying. This is why RC is about action and not just the talk. This is why pretty much the entire C Suite was let go when he took over. + +The next thing they need is a MM. The reasons should be obvious, but they provide the infinite liquidity needed. Third, they need banks. Lots of banks. Probably 80-90% of all major banks are involved. The banks provide the swaps to hide the short positions and more importantly, take the risk off SHF books so they can short even more. + +You’re an owner of a Hedge Fund, with hundreds of billions of dollars under management. You have rich clients paying you a lot of money to beat the index funds. But unless you’re in Congress, how can you consistently do this year in and year out? So you use a strategy that literally cannot go tits up. You have the media, banks, and analysts pump up a company before earnings. This creates the buying pressure. After earnings, you short the stock heavily. This is obvious when you look at the history of GME. The chart goes back till 2002, and without fail, after Earnings, the stock gaps down sometimes 15-30%. You will usually see a flat candle either the day after earnings or a few days later. This is in my opinion, a setup for the swap. You need the price below the 200 day MA and a tight spread between the open and closing price. + +The problem now is you have may have just shorted 25% of the company. You don’t want to buy back in because they would raise the price to fast and also you would take profit, owing taxes. + +So instead you enter into a swap agreement with a bank. Basically, you swap your short position (and the risk), to the bank, and in return you pay interest and more than likely the difference in price of the stock at the end of the contract if it rises. With GME, it looks like those swap contracts were typically 2 years long. This means you unload your short position and can now go long on the stock. You just have to make sure the price is at or under the price when you entered into the swap and under the 200 day MA,at the end of the 2 year cycle. This means the price will always have to trend down in the long run. It will have ups and downs in the short term, but always trending down. They just repeat the cycle. Pump before earnings, then short it down. Offload your shorts with swaps, then repeat. This is how Shitadel for example can show a long position in baby. + + One important detail to understand in spotting these swaps is that the volatility must be kept low or else the bank would require more collateral. On the chart, it’ll look like a very flat candle, and it’s a lot of volume, it’ll have wicks both up and down as they stabilize the price. the % change from the previous day will be very small, typically less than 1%, and sometimes 0, with the spread between open and close typically being less than a few cents. + +[https://imgur.com/a/tNl1k3n](https://imgur.com/a/tNl1k3n) + +[https://imgur.com/a/VwneIaK](https://imgur.com/a/VwneIaK) + +This is an example of a swap rollover from an existing swap contract and a new swap setup after earnings to offload your new shorts. They roll their existing contract on 3/28/18, then shorted it down after Earnings and setup a new swap. Every two years the original swap ends and they must either roll it over or take the short position back (which they never do) + +When it closes they take the short position back on their books. This is bad if you’ve been rolling that swap for almost 20 years and there could be potentially hundreds of millions of shorts on that swap. Here’s an example of a swap positions that does not get rolled and goes back onto the books SHF books: + +2020 Multiple Swap Failures + +[https://imgur.com/a/t82YLfV](https://imgur.com/a/t82YLfV) + +10/07/16 rolled like it was supposed to, but the 10/8 and 10/10 closed out. It’s important to know that if a swap will end on a Sat, it closes on the Friday before, and Sunday it rolls to Monday. Whoever couldn’t roll that swap ( could be multiple) got margin called and was forced to buy them back from the market on 10/8/2020, and 10/9 and other dates. That’s not to say that all 300 million volume was from those swaps but GG did say over 90% of retail orders never hit a lit exchange. Now take a look at the very next day, 10/09/2020. 300 million more in volume. + +2016 Swap Rollovers + +[https://imgur.com/a/ZRaYOqw](https://imgur.com/a/ZRaYOqw) + + +2018 someone messing with HF swap rollover dates setting them up for what happens in late 2020 and January 2021. I will go into the importance of 8/31 and this chart in another post, but suffice to say, the price running above the 200 day moving average is really bad for them when they have to roll a swap as we see in 2020 + + +[https://imgur.com/a/RU45wSl](https://imgur.com/a/RU45wSl) + +[link to part 2](https://www.reddit.com/r/Superstonk/comments/xi04w9/gamestopped_the_mechanics_of_cellar_boxing_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Anyone can fall into debt - for all kinds of reasons. There is nothing to be ashamed of. + +Did you know that 92% of our clients said that if they could go back in time, they’d get debt advice sooner? We’re encouraging people to open up, ask questions in this AMA and get the help they need quicker. + +We recognise that many people find it difficult to talk about debt. That’s why we provide free, non-judgmental, and confidential debt advice and support to hundreds of thousands of people every year. Our advice and solutions are based on a comprehensive assessment of your situation. We also provide practical help and support for however long it’s needed. + +But please don’t wait to get debt help. Sweeping it under the carpet or burying your head in the sand can have a negative impact on your wellbeing. Help is available and we’re here if you need us. + +Unsure whether you need debt advice? + +We have lots of information on how we can help. From impartial guides on bills and benefits, to full debt advice which is available 24/7 online, or you can get advice over the phone. + +Whatever your financial situation, by answering a few simple questions, StepChange can provide support and guidance to help you understand what to do next. Find out more by using our 60-second debt test. + +[Take the 60-second debt test](https://bit.ly/3rwVBYF) + +If you need free and confidential debt help that’s specific to your situation, please use the online debt advice service here: [Debt Help](https://bit.ly/3yfLr28), or use our [Contact Us](https://bit.ly/3Eg46Pp) page. + +Get your debt questions answered here. + +From 10am on Wednesday 5 October until 4pm on Friday 7 October, trained advisors from StepChange Debt Charity are here and waiting to answer any of the questions about debt that you may have. We're a friendly bunch so please don’t be shy! + +Importantly… + +The advice and help provided to an individual poster is based only on the information provided by that poster. Advice on this thread is also particular to the individual who has asked for it and is likely to be specific to that person’s situation. A poster may have provided further relevant information by private message which will not appear on this thread. + +Important: FCA regulations mean that StepChange is unable to give full debt advice or recommend any debt solutions through this AMA. If they feel you’d help from getting a full debt advice session, they’ll mention this in the reply +Hi legends, what clothes brands have you bought that have lasted a good amount of time while still looking good? + +Wanting to buy more quality stuff. At the moment I’ve almost got a subscription to $8 cotton Kmart t-shirts. Price is right, but they don’t last too long before starting to fade, etc. Seems wasteful – would much prefer paying for a longer lasting alternative. A few times I’ve bought so-called quality clothes only to find they’re seemingly not much better than Kmart. At least Kmart is honest with its prices. + +I can get the ball rolling. About 10 years ago I shelled out $200 or thereabouts for a white Henry Bucks business shirt. Have worn it and washed it countless times and it still looks pretty good. Definitely got my money’s worth. No idea if the quality there is still the same. +Just a quick suggestion for those with similar semi-FIRE lifestyle. + +If you have the means and the flexibility, I suggest organizing a 2\~4 people work-cation. ie Go somewhere fun/vacation-y and stay there with friends. Work for maybe 4\~6 hours / day and just chill around town for the rest of the day. It's actually a super relaxed and fun way to work. I also found myself to be more productive during these days. + +Everytime I do this I always wanna do it again and it's great! None of the guilt of not doing work during a full vacation and still some of the fun of a vacation. + +Since this is the FAT crowd I'd even suggest paying for the accommodation & flight for your friends if it's short term. I did this in order to make it easier for everyone to plan and reduce stress (and in my case our relationships go far back enough that it doesn't become an emotional burden for them). + +Context : I've been semi-FIRE for several years now - running a profitable company part time. And I was wondering what I should do with all the extra time and money since my girlfriend works full time and so does all my friends. +To be fair, she is probably just relieved from not having to hear me talk about it. Basically breaking even at the moment, so it's not the end of the world. Plus I never invested any of her money or more than I could afford. All that good stuff. But for a good 5 months or so I was giving her pretty constant updates, because good lord is the bull run exciting and I wanted to share it with someone. + +Anyway, just a funny thought I had. +*not financial advice* + +*For people saying that there was a reverse split and that is not a good exemple. Can you provide your source stating this happening in august 2020? The only reverse split I see was in 2018 and thus is irrelevant. The price which shoot from $125 to $25'000 is still a "true price"* + +I saw this post saying the fact: + +* [https://www.reddit.com/r/Superstonk/comments/mu68w9/recent\_example\_of\_the\_potential\_we\_have\_here/](https://www.reddit.com/r/Superstonk/comments/mu68w9/recent_example_of_the_potential_we_have_here/) Credit to u/prophetprofiteer + +Why the hell the post above didn't moon? Here's three articles explaining about DGAZF's short squeeze: + +* [https://www.shortsight.com/dgazf-etn-short-sellers-down-2-billion/](https://www.shortsight.com/dgazf-etn-short-sellers-down-2-billion/) +* [https://www.etftrends.com/leveraged-inverse-channel/dgazf-weaponized-indifference/](https://www.etftrends.com/leveraged-inverse-channel/dgazf-weaponized-indifference/) +* [https://www.thestreet.com/etffocus/market-intelligence/why-did-dgazf-go-from-400-to-24000-in-just-a-few-days](https://www.thestreet.com/etffocus/market-intelligence/why-did-dgazf-go-from-400-to-24000-in-just-a-few-days) thanks u/ap3fish + +In the second article, you can also see that one of the holders was shitadel advisors LLC... credit to u/Alternative_Court542 + +**TLDR:** the ETN stock had a 45% short interest and 140'000 shares shorted (only that amount? strange isn't it? Some wrinkly ape to check all this please?). So it went from $400 to $25,000. Do I need to remind you what situation is GME in? Spoiler: Much much much more shorted lol. + +Edit2: YES I FOUND A **CHART** ABOUT THE SQUEEZE + +* [https://www.investing.com/etfs/velocityshares-3x-inv.-natural-gas-chart](https://www.investing.com/etfs/velocityshares-3x-inv.-natural-gas-chart) + +1. It seems that there was no dip during the squeeze but I could only take a look with a 45 minutes scale. + +* **5 minutes scale**! Thank you u/majordanage Indead, there is one little dip before $25'000 that you could avoid by looking at the stoch RSI which was **still** being near 80. + +https://preview.redd.it/ib6asgfbliu61.jpg?width=1024&format=pjpg&auto=webp&s=d6d02be5c11913f77eb9bfb30db7f0b4513b680a + +Edit4: Yes of course not every share sold for $25'000 sadly, so you juste have to hold even more. Only a few will get the max share's price... It is those who have diamond hands surely + +Edit5: u/BeansMostly said something very interesting about the float. Take a look at the quote just below. Of course don't forget that we may own many many times the float which would ease the problem of having 70 millions shares instead of the 300k shares of DGAFZ. + +>*There are 140k shares shorted in the ETN* +> +>Which according to the table in the article is \~46% of the float. +> +>So there were \~300k shares total in the float. +> +>It is much easier to control 300k shares than it is to control 70m. The number of players would be much smaller and encouraging continued holding would be much easier. +> +>This *does* show that it's possible though. +> +>Of course, it later states it had an average daily volume of only 8k shares. Their time to cover would have been astronomical compared to GME. +> +>It is important to recognize the things that make a scenario not work. That's how science gets done. +> +>That being said: look at that, a 25k squeeze. Nice. +> +>Edit: this is all based on the first non-reddit link in your post + +Edit3: I don't know if it is illegal to ask this but can you also upvote the crosspost on r/GME ? It would be cool if everyone get to see this... + +* [https://www.reddit.com/r/GME/comments/mv1nwg/this\_is\_an\_exemple\_of\_a\_short\_squeeze\_dgazf/](https://www.reddit.com/r/GME/comments/mv1nwg/this_is_an_exemple_of_a_short_squeeze_dgazf/) +I never had one growing up, but had friends whose parents had them. I'm now wondering if they are mostly an expensive lifestyle perk for the 'comfortable', or if it was more about having another investment property that you could also stay in on the weekends? + +Is having a holiday house a 'keeping up with the Joneses' thing, like buying a Porsche SUV to drive around the 'burbs? + +Being ~30, my generation is struggling mightily to afford a single home, and the idea of having a mortgage on a house you use _at best_ ~75 days/yr is kind of baffling. + +Edit: _their_ 40s-60s, goddammit. +*Edit: some people are stating that a couple of brokers have allowed purchasing of those stocks. I checked Fidelity and they require signing some documents to be allowed to trade it. So my title is a little misleading. +However! it is still completely absurd that redditors would gang up on a penny stock tied to a liquidated company that holds no value. +*end edit + + +Someone still had a huge short position in the bankrupt company and was in early stages of forced liquidation. + +Some others have pointed out today that Blockbuster and Sears started to squeeze again. + +Hold strong my fellow apes. And take back what they’ve stolen from all of us. + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +The article: + +https://www.nasdaq.com/articles/bliaq-stock%3A-7-things-to-know-about-the-blockbuster-remnant-amid-the-reddit-run-up-2021-01 +As I have to write some empirical research soon, I got introduced to our uni’s subscription to Wharton Research Database. Assuming a lot of people here are students themselves, they probably unknowingly have acces to these resources as well. + +So find out if your uni has any connections to any reputable data vendors. This shouldn’t be too hard to figure out as most reputable uni’s have this information about subscriptions stored somewhere. + +Thought I’d share as I did not know before and reckon a lot of other students forget about this too. Instead of trying to scrape prices online using some bound-to-break Python script you can better direct your resources to backtest any strategies you might have directly on reputable data. Good luck. + +Edit: Also wanted to say, that if you are able to get this data as a student; invest some time in a proper database structure. Install PostgreSQL, get the extension timescaledb on it and play around with your data. It will cost some time to set up, but will save you countless of hours of time in the end. I have PostgreSQL DB running on old Linux laptop and can connect to it with any PC within the network. Python and R are also able to process these requests to DB and it will make your life so much easier . +In this series, I will attempt to walk the reader through the exercise of building a (nearly) from –scratch trading bot that attempts a grid trading strategy. This is purely something I’m doing for educational purposes and for fun; I am not selling anything nor trying to get you to subscribe to anything. + +So first, what is a grid trading strategy? + +Picture in your head the chart for some stock or crypto coin or whatever for a typical trading day. Likely, that chart is going to zig-zag up and down quite a bit, but assuming there’s no big news or a huge market move, the stock should end up not too far from where it opened. However, during the trading day, it may have zig-zagged several points above and below its average price for the day. What if we could capture some profit from those zig-zags? +Let’s say our stock is currently trading at 100. Our strategy would be to issue two simultaneous orders: +1. An order to BUY at $95, and +2. An order to SELL at $105. +At some point, the stock is going to zig down from 100, hopefully reaching 95, filling our buy order. Then later, hopefully the stock will zag back up, above 100, and all the way to 105, filling our sell order. We pocket an easy $10 profit on the pair of orders. Simple, right? + +Now this is the point where even if you’re inexperienced to markets or trading, you should be thinking to yourself, “yeah, but what’s the catch?” And rest assured, we’ll get to that. But in the meantime, let’s get started on coding up a bot that will try this strategy out in its simplest form. + +Why this strategy? Three reasons: +1. It's one of the few strategies that we can get rolling without having to wait for "signals" to gather to try and advise us as to the future behavior of the market, so that simplifies our lives quite a bit. +2. It doesn't rely on speed at all, so we don't have to worry about competition from participants with better or faster systems than us. +3. A lot of people think of this on their own but don't have the means to really test it out. For instance, just in the past month: + +https://old.reddit.com/r/algotrading/comments/g81aqw/python_script_that_buys_in_at_random_intervals/ + +https://old.reddit.com/r/algotrading/comments/g6uo29/if_you_cant_predict_the_future_based_on_the_past/ + +Typically a full grid trading implementation will actually place several buy and several sell orders (hence the "grid"), but to keep things simple, we'll just stick to one buy and one sell at a time. + +I will be coding in C# because that’s what I work in at my day job, and I’m comfortable in it. Syntactically it should be close enough for Java folks to easily read, but I’ll try and keep things simple enough that everyone who codes can follow. + +As I’m an old school OO programmer, I start with defining my business objects. + +Order. Should be self explanatory. + + public class Order + { + public Order() + { + OrderCreateTime = DateTime.Now; + } + + public string OrderId { get; set; } + public string PublicHandlerId { get; set; } + public DateTime OrderCreateTime { get; set; } + public string Side { get; set; } + public decimal Price { get; set; } + public decimal OrderQty { get; set; } + public decimal CumQty { get; set; } + + public decimal Notional + { + get + { + return CumQty * AvgPx; + } + } + + public decimal LeavesQty + { + get + { + return OrderQty - CumQty; + } + } + public decimal AvgPx { get; set; } + } + +OrderPair. As we’ll be sending two matching orders at a time, this class holds both a BuyOrder and a SellOrder, and some more information about the pair. + + public class OrderPair + { + public OrderPair(DateTime createTime, string pairId) + { + PairCreateTime = createTime; + PairStatus = PairStatuses.Working; + PairId = pairId; + } + + public string PairId { get; set; } + public int Width { get; set; } + public PairStatuses PairStatus { get; set; } + public DateTime PairCreateTime { get; set; } + + public Orders.Order Buy { get; set; } + public Orders.Order Sell { get; set; } + } + + +We’ll define a set of statuses that the pair could have in a separate Enum. + + public enum PairStatuses + { + Working, + Completed, + NothingDone, + } + +That's all for a very basic part 1, but we have plenty to cover. For Part 2, we'll talk about storing and playing back market data. Then in later parts we’ll get into creating a backtesting framework, simulating an exchange, and creating an additional layer that will automatically cycle through multiple backtest parameters. Hope it’s fun and informative. + +Link to Part 2: https://old.reddit.com/r/algotrading/comments/gj56o2/lets_build_a_grid_trading_bot_part_2_market_data/ +If so what was your thought process? I'm often hearing that these levels are still low historically (very long history) but in the more recent history it's quite high.. +While I'm relatively young and far from retiring, my main driving motivations for wealth and financial independence stem from an ultimate goal to help those around me. This would of course include helping out family and friends if needed, though I'm currently focusing towards environmental sustainability and conservation. + +My question is: **How can someone make a real, large-scale positive impact to our climate with the most efficient use of above-average assets?** + +I'm aware that money buys you power, including the ability to sway political policies through donations and such, though I'm not a big fan of how that sounds at surface level. I'm also not an engineer, researcher, or entrepreneur, so I'm thinking more of an investor position. However, this wouldn't be for profit, so even just funding environment projects for no expected monetary return is enticing. + +What I've considered so far: +- purchasing a massive chunk of cheap, quality land in the middle of nowhere and funding the planting of trees all over it, or [naturally rewilding the property.](https://www.theguardian.com/environment/2020/mar/27/wildlife-charity-heal-rewilding-buy-uk-land-nature) +- purchasing land and turning it into a solar or wind farm, feeding electricity directly back into the grid or covering the power needs for a particular region, [in the style of President Carter.](https://cleantechnica.com/2020/02/26/a-georgia-town-gets-half-of-its-electricity-from-president-jimmy-carters-solar-farm/) +- assist with funding local conservation/sustainability projects such as community gardens or protected wildlife zones +- simply donating to charities that specialise in these kinds of things and letting them do the hard work + +What does the fatFIRE community think of these ideas, has anyone gone down these paths or something similar, or have you other ideas about efficient use of capital with the ultimate goal of environmental sustainability? +*“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” – The Apocryphal Twain* + +Update: Originally **BANNED** on WSB for posting this because it didn't relate to stocks. THIS DOES RELATE TO STOCKS. If I get perma-banned for posting literally a discussion about the integrity of the markets, I don't care. Do it. This is about transparency. Fairness. Equal opportunities for all. + +\--- + +**Yes, there is a US company with assets of $63 trillion that you haven't heard about.** That's a problem. And it's time this company that's relevant to the $GME scandal testify to Congress. The People demand to know if the system is working fairly for all. + +**Their name:** The Depository Trust & Clearing Corporation ("DTCC"). *See* [*https://www.dtcc.com/annuals/2019/financial-performance*](https://www.dtcc.com/annuals/2019/financial-performance). **They claim the "\[t\]otal value of active issues held at DTCC" in 2019 was $63 trillion.** Simply put, they hold your stocks. That year, they settled $120.80 trillion in securities transactions alone. + +**What do they do**: Not much - other than **settle almost every securities transaction in the United States.** In an SEC Sample Offering Document, DTCC claims themselves to be "the world's largest securities depository." *See* [*https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995\_ex10-3.htm*](https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995_ex10-3.htm). + +**Why DTCC matters**: Robinhood relies on their subsidiary, the National Securities Clearing Corporation ("NSCC"), to help clear their trades. *See* [https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/](https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/). Here's a good explanation of what they do: [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/depository-trust-and-clearing-corporation-dtcc/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/depository-trust-and-clearing-corporation-dtcc/). + +In a document on the US Treasury's website, it states the DTCC's shareholders are many banks: + +"DTCC is a holding company of DTC, FICC and NSCC, which are independent legal subsidiaries. There is a single governance structure for the three clearing agencies. DTCC governance arrangements are available publicly and updated on a yearly basis (last update October 2009). **DTCC common shareholders include approximately 362 banks, brokerdealers, mutual funds and other companies in the financial services industry participating in one or more of DTCC’s clearing agency subsidiaries, including NSCC."** *See* [https://www.treasury.gov/resource-center/international/standards-codes/Documents/FSAP\_DAR\_Settlements\_NSCC\_Final\_5%2011%2010.pdf](https://www.treasury.gov/resource-center/international/standards-codes/Documents/FSAP_DAR_Settlements_NSCC_Final_5%2011%2010.pdf). + +Let's get this straight, the shareholders of DTCC are the banks? They govern a $63 trillion company (in terms of asset worth, not valuation (come on, people, I know the difference)), by which its subsidiary inadvertently halted meme stock trading on? **How is this not a conflict of interest to the integrity of the free markets?** + +To be clear, I don't know who these banks are. Can't find them. That seems *interesting*. One internet article claims "DTCC’s user-owners include: Citigroup, BNP Paribas, JP Morgan, State Street, UBS, Goldman Sachs, Morgan Stanley, Virtu, Barclays . . . Mellon, Bank of America." *See* [https://netinterest.substack.com/p/wtf-is-dtcc-the-story-of-clearing](https://netinterest.substack.com/p/wtf-is-dtcc-the-story-of-clearing). I couldn't verify this. + +Better yet, read this email by Murray Pozmanter, the Managing Director - Head of Clearing Agency Services and Global Operations at DTCC, dated Feb. 1, 2019. First, he states that "DTCC is the parent company and operator of the U.S. cash market securities CCPs, National Securities Clearing Corporation (“En Es C C (prevent auto-ban) ”)." Yes, the En Es C C (prevent auto-ban) that runs Robinhood's clearing work. Second, he states that "**The DTCC common shareholders include hundreds of banks, broker dealers, and other companies in the financial services industry that are participants of one or more of DTCC’s SIFMU subsidiaries, and the DTCC board is currently composed of 19 participant and non-participant directors.** Importantly, our ownership structure also ensures that we direct our primary focus toward addressing industry needs and preserving market stability, which is especially critical during times of crisis." *See* [https://www.fsb.org/wp-content/uploads/DTCC-4.pdf](https://www.fsb.org/wp-content/uploads/DTCC-4.pdf). + +**It just gets worse.** Back in the late 2000's, DTCC was sued for facilitating naked short selling. *See* [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720). *Does this, uh, sound familiar?* + +DTCC vigorously defended themselves during the lawsuit, arguing they had no role in the naked short selling issue. There appears to be an archived article stating DTCC's response to the accusation back in 2007: + +"As DTCC has explained, short-selling and naked short selling are trading strategies.  These trading activities are regulated and policed by the marketplaces/exchanges, the self-regulatory organizations and the SEC.  **DTCC is involved in post-trade processing, which occurs after a trade is completed.  DTCC has no regulatory authority over trading activity or to release information related to trading activity.  In fact, as we told the WSJ reporters, we have no power to force the closing of an open fail, no matter what the cause, and we do not have the authority to force a buy-in**." + +They also stated that: "**Freedom to trade is a cornerstone of our equity markets and a fundamental principle in the regulatory schemes that govern the markets**.  The SEC has flatly rejected the argument that there are such things as phantom shares or credits being created in the market." *See* [*https://web.archive.org/web/20090302054831/http://www.dtcc.com/news/press/releases/2007/wsj\_response.php?lpos=3&lid=3*](https://web.archive.org/web/20090302054831/http://www.dtcc.com/news/press/releases/2007/wsj_response.php?lpos=3&lid=3). Boy, would I love the freedom to buy a stock I want, even if Hedge Funds mess up and nakedly over-short a position during a squeeze! + +The SEC also notes that the DTCC has a surprising amount of power to halt trading on a security for operational/transfer issues of a stock or fraud called "chills" or "freezes." *See* [https://www.sec.gov/oiea/investor-alerts-bulletins/ib\_dtcfreezes.html](https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html). *But does this include jacking up capital requirements for overly-shorted stocks without any public notice and explanation behind the billion dollar deposit?* + +**Let's also get this straight**: back in 2007 they claimed to have no authority in **pre-trading**. Only post. So what the hell happened this month with En Es C C (prevent auto-ban) and Robinhood then? Congress, are you listening?   + +**Why this matters**: Recently, Robinhood's CEO Vlad spoke with Elon Musk on Clubhouse, an app where Musk interviews guests. It gets interesting when Musk questions Vlad about the decisions of the En Es C C (prevent auto-ban), the DTCC subsidiary, to post $3 billion of capital at 3 a.m. in the morning during the meme stock trading frenzy. I'll put down the most relevant parts of the conversation here: + +8:55 (Musk): Who controls those organizations, those clearing houses? + +9:02 (Vlad): \[Awkward pause\] Um . . . you know . . . it's a consortium. It's not quite a government agency. You know . . . **I don't really know the details of all that.** + +9:15 (Musk): OK . . . + +9:16 (Vlad): But, you know, and to be fair, we were . . . we were . . . uh . . . I think there was legitimate sort of turmoil in the markets. Like these are events with these meme stocks and there was a lot of activity, so there probably is some amount of extra risk in the system that warrants higher requirements so it's not entirely unreasonable." + +**\*\*Now square this with Vlad's earlier comments during the interview:\*\*** + +4:02 (Vlad): The request was around $3 billion dollars. Um, which is, an order of magnitude of what it typically is. Right so, um. + +4:17 (Musk): This seems like this sounds like an unprecedented increase in the demand for capital. **What formula did they use to calculate that?** + +4:25 (Vlad): Well, um, yeah, just to give context Robinhood up until that point has raised, uh, you know a little bit around $2 billion in total venture capital up until now. So, it's a big number. Like $2 billion dollars is a large number right. **So, um, basically, the, and, you know, and I, the details are, we don't have the full details**, it's a little bit of an opaque formula but there's a component called the "VAR" of it, which is "Value at Risk" and, um, that's based on some fairly quantitative things although it's not fully transparent, but it's not kind of publicly shared. So, uh, there are ways to reverse engineer it but it's not kind of publicly shared. **And then there's a special component that's discretionary and that kind of acts like a multiplier.** And, um, basically . . . + +5:24 (Musk): Discretionary, like meaning it is just their **opinion**. + +5:29 (Vlad): **Yeah**, there, uh, it's a little bit, I mean I'm sure there's something definitely more than just their opinion. + +The full interview is available on YouTube. Search: "Elon Musk Grills Robinhood CEO Vlad Full Interview on Clubhouse." Can't post the link. + +**\*\*Breakdown:\*\*** + +Vlad is asked by this "consortium" to post $3 billion, 150% of Robinhood's entire venture capital amount, at three in the morning, or presumably, trading will not be cleared. However, Vlad doesn't "really know the details" of this "consortium," but decides it's a good idea to deposit over a billion dollars in capital anyway. Moreover, this so called "consortium" apparently by contract can demand whatever they want to. I guess every reasonable CEO posts almost a billion dollars when asked by a group of people he doesn't really know too much about (around $700 million to be exact). *Yes, the figure was later negotiated down.* + +Further, this "discretionary" posting requirement is completely absent in Robinhood's explanation to clients: + +"**How do clearinghouses determine how much is required?** + +It’s pretty technical, but the process basically works as follows: clearinghouses look at a firm’s customer holdings as a portfolio. They use a volatility multiplier, looking at specific stocks, to quantify their risk." *See* [https://blog.robinhood.com/news/2021/1/29/what-happened-this-week](https://blog.robinhood.com/news/2021/1/29/what-happened-this-week). + +I mean, man, is it really "technical" if the capital requirement can also be an "opinion," that is, discretionary? That was conveniently *left out*. The fact is this: Vlad said one thing but *omitted* another. **Why.** + +**TLDR/ The Rub:** What is Big Money? It's $63 fucking trillion dollars. The point here is not to peddle some unsupported conspiracy. The point is to expose an **apparent** ***conflict of interest*** and demand those in charge of our markets to reestablish public confidence. If you're going to take away the People's literal "buy button," the People better have a right to know why. **Don't pull a fast one on the working people at 3 a.m. in the morning.** + +Edit: Some of you smooth brained folks actually think I’m saying this company is valued at $63T. READ the post. +# Disclosure of a financial system which hides naked shorts by deleting shareholder votes. + +# TLDR + +**Broadridge** **detects over-reporting and provides early warning to the DTCC, DTCC is the black box which obfuscates operational naked shorts, Computershare does final touch-ups on shareholder votes to ensure no more than 100% of issued shares are voted.** + +**Broadridge points the finger at tabulators. Tabulators point the finger at SEC and Broadridge.** + +# TADR + +**They spent the last 20 years developing a system to hide naked shorts by rigging the shareholder voting system.** + +# Preface + +On Jun 9, 2021 GME revealed [55,541,279 votes were tabulated for their 8-K Filing](https://fintel.io/doc/sec-gamestop-corp-1326380-8k-2021-june-09-18787-709). The results are as follows: + +https://preview.redd.it/61y4lpfoef471.png?width=861&format=png&auto=webp&s=5b6cf607fce049c7a9d0a0b346f91acc9c18e128 + +There are some discrepancies as to whether this report is an accurate reflection of the total votes submitted by shareholders. In this article, we explore how those discrepancies should be further investigated, and we allude to the system which hides naked shorts by refusing to disclose the true sum of shareholder votes. + +For our purposes, some financial vocabulary: + +* **Over-Reporting:** Votes that would exceed the count are not forwarded to a tabulator. +* **Omnibus Proxy:** Holder of record is self-regulated. +* **Over-Voting:** Votes accepted by tabulators which exceed count are determined to be invalid. +* **Broker Search:** AKA “notice and inquiry,” a SEC-mandated process whereby brokers, banks and other intermediaries are contacted to determine how many annual reports and proxy statements will need to be printed. Usually initiated 70 business days prior to record date. +* **Record Date:** Companies send proxy statements to a list of the shareholders who held the stock on the “annual meeting record date.” This date is usually set 50 days before the annual meeting. + +# Chapter 1: Enter GME's Transfer Agent, Computershare + +From the [GME Proxy Materials](https://news.gamestop.com/node/18846/html): + +>We have engaged Computershare, our transfer agent, as our inspector of elections to receive and tabulate votes. Computershare will separately tabulate “for” and “against” votes, abstentions and broker non-votes. Computershare will also certify the results and determine the existence of a quorum and the validity of proxies and ballots. + +https://preview.redd.it/qamsbbitef471.png?width=423&format=png&auto=webp&s=a78c907c8b584d864d207f8a50c953c96ab7e49e + +Computershare is a global market leader in transfer agency, employee equity plans, proxy solicitation, stakeholder communications, and other diversified financial and governance services. Many of the world’s leading organizations use Computershare’s services to help maximize the value of relationships with their investors, employees, creditors, members and customers + +Now, Computershare is interesting because they provide real-time proxy reporting features and minute-by-minute results which allow Ryan Cohen and team to monitor changes in overall voting positions 24/7. Basically, they keep board members one-step ahead of the voting results. + +It is critical to note that tabulators do not permit actual over-voting at the meeting: voting is reconciled prior to the meeting to ensure that no more than 100% of issued shares are voted. It sounds shady because it is. But not for the reasons you think. Let's dive in. + +In 2019, [Computershare wrote a love letter to the SEC](https://www.computershare.com/News/SEC%20File%20No.%204-725%20US%20Proxy%20Reform%20Submission%20Post%202018%20Roundtable.pdf): + +https://preview.redd.it/u8yooen2ff471.png?width=802&format=png&auto=webp&s=78b81b95eb27af0b6603a3e51cd0ad85fc121dce + +So, given this context, we know that Computershare is well aware that votes aren't counted. In fact, they're involved in the trimming process. But only at the tail end, and they do it for compliance purposes. Remember, this is a vendor selected by GME and trimming the votes is a generally accepted practice since no one can make sense of fuckall shares in the world. + +https://preview.redd.it/ru5d8r9chf471.png?width=723&format=png&auto=webp&s=5e80789381266464f30d0858ab7b617bf979e174 + +# Chapter 2: Computershare describes the Shareholder Voting Process + +Diagrams are borrowed from this [ComputerShare White Paper](https://cdn.ymaws.com/stai.org/resource/resmgr/ta_overview_whitepaper_compu.pdf) + +https://preview.redd.it/c9t5r7mjff471.png?width=549&format=png&auto=webp&s=5933c8b7e8bec78359126a245938027965c42ff4 + +Notice that Computershare does not collect the votes, they are merely the Transfer Agent and Tabulator. Computershare might also provide some solicitation and fact-gathering services for GME. But the actual security positions and proxy distribution are performed by the DTCC and a company called Broadridge. + +https://preview.redd.it/iwd1rv7lff471.png?width=765&format=png&auto=webp&s=55dc15ae500459146ac22aa21f6df5ebd3581793 + +Ah, our good friend CEDE & Co, I was wondering when you'd make it to the party. Fashionably late yet arrived just in time to relieve us of our voting authority. Generous of you. Have you had any luck self-regulating today? + +https://preview.redd.it/1v9zob14gf471.png?width=764&format=png&auto=webp&s=aa83e34fa75a1a355a719bc90ef4fa165c7ce15a + +Evidently, typing "Over Reporting Prevention Service" into the Broadridge search tool turns up 2000+ results. That is a lot of over reporting prevention! All jokes aside, they are the BEST at preventing naked shorts from showing up in those pesky shareholder votes. + +I hope to learn more soon, in the meantime can you tell me how it works? + +https://preview.redd.it/lwomow82gf471.png?width=761&format=png&auto=webp&s=49f9e46978e09edff48711b87ac51ef85bc6647a + +So Broadridge is sending Alerts to an intermediary before the votes can reach the tabulator. How often is that intermediary your broker? How often is it the DTCC? What an interesting quandary. Look at all these red flags they hoped you wouldn't see. + +https://preview.redd.it/u3jgtj79gf471.png?width=1040&format=png&auto=webp&s=e600ce3168fb72bb14b2f86dd7046929b7d614cd + +# Chapter 3: A brief intermission with The Securities Transfer Association + +https://preview.redd.it/zc756z8vff471.png?width=110&format=png&auto=webp&s=1ed711fffced4aa0e54345bc7b46d7143b389a90 + +The Securities Transfer Association (“STA”) appreciates the opportunity to submit this letter in anticipation of the SEC’s upcoming Roundtable on the Proxy Process. Founded in 1911, the STA is the professional association of transfer agents and represents more than 130 commercial stock transfer agents, bond agents, mutual fund agents, and related service providers within the United States and Canada. + +So here's a fun time: (Hint, [More Letters to the SEC](https://www.sec.gov/comments/4-725/4725-4530590-176075.pdf)) + +https://preview.redd.it/rtcsgagzgf471.png?width=632&format=png&auto=webp&s=89c55c927dbca8305326e92ce3f52d1676c8dc45 + +So, you're telling me that with all the advanced early warning detection systems in place by Broadridge^(®) and the DTCC, hedgies are so fuk that nobody in the financial sector can produce a fully reconciled report to the tabulator? (Remember, 178 million shares is the number that slipped past the DTCC-Broadridge^(®) Fail Safes in this particular sample size.) + +https://preview.redd.it/p19lglkdgf471.png?width=474&format=png&auto=webp&s=ead4740bd1bf0075d6926dfc3a5c6e812a2de634 + +&#x200B; + +But don't worry, we've got the DTCC on speed dial, and they say it's all good, except for 134 / 757th's of the time. + +# Chapter 4: Let's Tabulate Anyway + +And only because we have to. + +https://preview.redd.it/xayhdh8rjf471.png?width=556&format=png&auto=webp&s=33d01025db03e22db7968e192b67384bff966bbe + +So you, the beneficial owner, return your voting instructions to your broker, but it actually gets routed to Broadridge^(®). You have no confirmation whether your vote will actually be submitted. + +Now, I added this hypothetical step here which indicates the Over-Reporting Prevention and Alert System. I could be mistaken and it actually goes to the Brokers and Banks, but that implies more executives are on the take for concealing operational naked shorts. Let's start small and stick with the u/atobitt House of Cards III theory that the DTCC enforcement division is sitting in a dark room repeatedly pressing their F3-keys. + +# POP QUIZ + +With the over-reporting alerts on hand, the DTCC attempts to: + +* A) reconcile the over-reporting +* B) lookup the record date +* C) give up because it can't be reconciled +* D) delete the votes + +˙ʇɔǝɹɹoɔ ǝɹɐ noʎ 'ǝʌoqɐ ǝɥʇ ɟo llɐ pǝɹǝʍsuɐ noʎ ɟI + +https://preview.redd.it/marvxuyfgf471.png?width=474&format=png&auto=webp&s=44b7c6a06dc85b48d596bcd056f1a783f7e44dda + +So now, the tabulator receives a doctored report, and it's mostly nice! There are shareholders and names and dates and it all pretty much adds up to some really neat corporate governance that's sort of true and even useful! + +The Tabulator tallies it all up and checks their list twice. They might report some discrepancies to the board and warn them of strange anomalies, but what are you gonna do? You got a company to run. + +# Chapter 5: Okay, now Broadridge + +https://preview.redd.it/0v5befyggf471.png?width=310&format=png&auto=webp&s=eb5342d5ad3688fee95627ea16f3a7e13b6672c5 + +Broadridge Financial Solutions is a public corporate services company founded in 2007 as a spin-off from Automatic Data Processing. The main business of Broadridge is as a service provider supplying public companies with proxy statements, annual reports and other financial documents, and shareholder communications solutions, such as virtual annual meetings. + +The neat thing about Broadridge is they're kind of like the Robin Hood of Proxy Voting. With a track record of innovation, they're [really good at collecting those votes!](https://lautorite.qc.ca/fileadmin/lautorite/consultations/commentaires/valeurs-mobilieres/2013-11-13/broadridge.pdf) + +https://preview.redd.it/t7qkghgjgf471.png?width=786&format=png&auto=webp&s=62348e9e05693dfc5c042ab2453ddda6aecba93a + +They're also really good at blaming everyone else: + +>Given these facts, we suggest that: +> +> To ensure vote integrity and that equitable principles are applied to vote tabulation, the CSA might consider requiring entities who perform vote tabulation to make transparent and publicly available their tabulation processes and related procedures +> +> A review of the DTCC participant position report distribution process may help to ensure that the meeting tabulators are receiving and reconciling all positions for an issuer +> +> Meeting tabulators voluntarily disclose their reconciliation method + +But the innovation didn't stop in 2013, nope! They just kept on Innovating right into 2014! + +https://preview.redd.it/bif3b98lgf471.png?width=831&format=png&auto=webp&s=88a079dce2bc1dac1ce0dc124285b9fc6878424b + +This resulted in a very neat and scalable way to prevent those pesky naked shorts from showing up in the over-reporting column! + +https://preview.redd.it/h51ei0ckgf471.png?width=798&format=png&auto=webp&s=d8df751ebd309fc628397ee20500193be6693e03 + +And now, for the best part: + +https://preview.redd.it/glhujtnrgf471.png?width=763&format=png&auto=webp&s=4a2d26393f057b4386eaeabdf56da901ed1d53ae + +# Chapter 6: Securities and Exchange Commission + +https://preview.redd.it/xz34by8ohf471.png?width=249&format=png&auto=webp&s=83cb9572da5fc82d22cb24917192711047bfb38c + +&#x200B; + +TO BE CONTINUED... +I have literally changed nothing financially, I have all the same monthly bills. I used to have money in my bank account after the first of the month but I have nothing right now. I know I am very fortunate to have a job. But I only have 50 dollars to my name to last me till the tenth which is in no way going to last I haven't paid my electricity. I am fucked. The only thing that's changed is the prices of things. Is anyone else having this problem? +Update: Peloton to halt production. [source](https://www.cnbc.com/2022/01/20/peloton-to-pause-production-of-its-bikes-treadmills-as-demand-wanes.html) + +Still think is a not fad? Gym equipment come and go, as will this company. Onward to $5. + +Peloton executives and insiders sold nearly $500 million worth of their stock before its big decline, according to filings with the Securities and Exchange Commission. + +Peloton stock is down more than 80% from its highs last year, and it hit a 52-week low of $29.11 on Tuesday. Yet the company’s CEO and other executives sold millions of shares at prices over $100 a share in the months leading up to the big declines. + +The big selling started when the stock started surging past $80 a share in the fall of 2020, and gained momentum in 2021 as the stock held above $100, the filings show. +I'm a beginner investor learning all the basics currently and educating myself as best as I can to be successful and was wondering: what do you guys think are some vital concepts/methods/tools that led to your successes? Most importantly, what led to your biggest failures and how did you recover? Failure is truly a teacher and I want to hear about yours! I figure that I could go into the market and fail again myself (down 46% already lmao), or I could utilize the failures from the three million investors on here! + +Edit: thanks for all the support and knowledge! It definitely helped me a lot! :D +Hello, after recent news I'm having doubts about still using robinhood as my main way of holding stocks. Which other free commission app are you guys using? And is it worth switching over? +I’ve been investing in about 10 Schwab and 10 vanguard etfs for the last few months. I feel like it’s a reasonable strategy but curious of opinions both pros and cons. +Thoughts on EMQQ with all this China volatility? + +I am deep in the red with EMQQ, its a steady bleed and am at -30% or so. It's not a big part of my portfolio, but I hate losing money anyway.I have a lot faith/hope in the technology, internet, e-commerce sector, I dont have doubts about the sector. I chose EMQQ to diversify my portfolio and get some exposure to Asian markets (albeit EMQQ is very China heavy) + + +But I did not expect there to be so much effect that govt wants to have on home grown companies, and ill admit I dont understand why they are punishing their companies so much, whats the game in the long run? How does this help the future? + + +question: + +1. Why should I hold? +2. Why should I take the hit and move money elsewhere? +3. Why should I add more? + +thanks in advance (edit: and apologies if this is the wrong flair, but I think it could be a good overall discussion on exposure to Emerging markets?) + +Edit: -20% approx not -30% + +Edit 2: at -26 today so far! Ouch +I am a 41 F, mother of two elementary-aged kids. Husband and I live in San Jose. House paid off worth about 1.8mm. Plenty invested. Too much in cash but intentionally so. We’re making about 500k annually combined in salary. Dislike our jobs. It’s lots of bullshit. Enough of selling soul for money. Decided to stop working in March (major vesting) and husband (he is 47) will likely quit a few months later. +What the hell are we gonna do all day when we’re done with jobs? Most of our friends are well-off but will choose to work longer. +I am seriously worried about being stuck at home with Covid and getting miserable as there is nothing left to achieve. Have no goals. Just to stop stressing at work. +I’m FattyFire. My sister and her husband are mega rich (still working). I’m always at a loss at Christmas or birthday times to come up with good gifts for them. What do you gift folks who have all the money in the world? I’m thinking experiences, art, services. Would love for folks here to drop their ideas or approaches to this annual conundrum… Thanks! + +Edit: Budget is maybe $500-$1000? Anything more might be awkward (just my personal approach/situation). +I love NFT tech and the things that can be done with it, but I hate how almost all the big NFT projects are useless nonsense. Between the ugly profile pictures and virtual “real estate”, the entire industry gets such a bad reputation. The down market has seen a major decline in the value of these types of projects. The floor price for a Bored ape is down from a peak over $420k to being worth under $100k. + +Hopefully this means that the focus will shift away from this type of “art” with no real value and go towards using NFT tech in ways that actually leverage the tech to do something useful. Companies like GET Protocol using NFTs for tickets and Balcony DAO using NFTs for real estate make so much more sense than [literal shit NFTs](https://nftevening.com/ill-poop-it-x-shitbeast-nft-collections-trending-whats-wrong-with-us/) trading at an average of 1.5 ETH. +Stage 1: People refer to a large, sudden, and unexplainable drop in price as a 'correction', anyone referring to it as a crash gets shunned. + +Stage 2: People start responding to any question with 'just don't look at the charts all the time' and get offended when people want to talk about crypto on a crypto subreddit. + +Stage 3: Some people start using the word crash without being downvoted while others are confident that it will be going back up soon. + +Stage 4: People are now confident that it will definitely be going lower and will always go lower, the crypto dream is dead and so is the stock market. Everything is ruined. Other times the market has gone down get referenced constantly. The phrase 'crypto winter' starts being repeated frequently. + +Stage 5: EVERY question gets answered with 'we don't know shit about fuck'. Some people start commenting 'go outside and touch grass' to every post no matter the context. + +Final Boss Stage: The suicide hotline number gets posted. +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! + +&nbsp; + +**TLDR** A recently completed snapshot has updated karma scores and also allows new contributors (since 30/09) to [participate](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%200xANETHADDRESSHERE&subject=pre-register) in the EthTrader DAO pre-registration. + +&nbsp; +_____ +&nbsp; + +The EthTrader DAO, registry, and token are vehicles for expanding this subreddit with Ethereum-based functionality. The initial scope is focused on the establishment of a self-governing dao, a voting dapp, and a browser plugin to id other registered users and allow simple but true decentralised interaction (like tipping). Future developments will be chosen by the dao and could take any number of directions from [specialty tokens](https://www.reddit.com/r/ethtrader/comments/7d2epl/my_2_gweis_about_how_i_see_this_community/dpume4l/), badges, gamified ico reviews, token weighted project ranking, ens integration (username.ethtraderdao.eth), registration oracles, plasma sidechains, or whatever else the community decides. Any reddit user who has commented or posted on r/ethtrader, r/ethereum, r/ethdev, or r/ethermining is eligible will be able to register their reddit username with the dao-controlled on-chain registry if they have **first** [pre-registered an ethereum account](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%200xANETHADDRESSHERE&subject=pre-register). + +* To date, ~~389~~ 564 users, representing ~~16%~~ 20% of ethtrader karma, have pre-registered. **Thank you for your support and for taking the time!** +* Pre-registration is still open and the karma and user snapshot* **has been updated** so that new users since 30/09/2017 can [particpate](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%200xANETHADDRESSHERE&subject=pre-register). +* There are currently enough [funds](https://etherscan.io/address/0xf7927bf0230c7b0e82376ac944aeedc3ea8dfa25) to supply 3300 new pre-registered addresses with $0.10 each to cover the registration and some additional tx. +* The dao can open new reg periods but doing so is at the discretion of dao voters (registered users), who will also determine the terms of that reg period. + +**Instructions** + +* [Request your karma score (this should compare reasonably closely to your score as Reddit reports it to you)](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%20karma&subject=karma) +* [Pre-register](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%200xANETHADDRESSHERE&subject=pre-register) (need to replace "0xANETHADDRESSHERE" with your ETH address! [MEW](https://www.myetherwallet.com/) can create new wallets). + +**Background** + +* [Original "The Dappening" thread](https://www.reddit.com/r/ethtrader/comments/72scaj/ethtrader_the_dappening/) +* [The Dappening progress report](https://www.reddit.com/r/ethtrader/comments/75a2f3/the_dappening_progress_report_registration/) +* [Dao & Token salient contract features](https://www.reddit.com/r/ethtrader/comments/78xelg/ethtrader_token_dao_salient_features/) +* [Pre-reg announcement](https://www.reddit.com/r/ethtrader/comments/79osxq/ethtrader_dao_token_preregistration/) +* [Pre-reg update 1](https://www.reddit.com/r/ethtrader/comments/7a33tw/update_ethtrader_dao_token_preregistration/) + + +*Reddit doesn't break down your karma by sub (publically) so a [script](https://github.com/EthTrader/karma) pulls from their api and does this itself (takes ~5days). The last completed snapshot was valid through 30/09/2017. +If I max out my 401k and Roth IRA every year (Saving $26,500 for those two), would that be enough? + +I already have about $20k in a taxable brokerage account and I am 27. + +Would that be enough If I just max out those two accounts and don't save any more money? +I'm thinking of putting a significant amount into them as other than INRG I can't find another clean energy ETF. + +I'm wary of putting money into a single company, particularly one that is loss making. INRG's biggest holding is also loss making. + +But I can't help but think this is the way the world is going. + +Anyone else hold in this company? Could you share your thoughts? :) +I'm interested in investing in the above ETF since I think clean energy should have promising growth, especially over the next few years/decade. + +I've noticed there was very slow growth until around 2019, and then it went up exponentially, which can't have been sustainable surely. I know some companies such as BP expressed interest and that renewable energy is becoming more and more affordable, especially in the last couple of years. + +In the short-term (i.e. the past couple of months), it's slowed down — perhaps people are backing out of it or not much else has happened in the sector, or there's a correction happening before it stabilises due to the rapid growth. + +Curious to hear what your views and thoughts are regarding the future of this ETF whether it's still a good idea to start investing in it (with potential for much more growth in say the next 5-10 years, or more). +Hi everyone, I have 20k (life savings, an accumulating pot for a future home deposit) which I won't require for a number of years... 3 at least, I just plan to keep adding to it on a monthly basis. + +I would love to know how to make this money work for me whilst it is effectively sitting around for years, my current savings account has an interest rate of 0.75 which is practically insulting. + +Can somebody point me in the direction of any shrewd investment ideas? I have begun trading on T212 but only with disposable monthly cash on the Invest part, I am nowhere near ready to put 20k into that but I'd love to know of any funds, ideas or tips someone might have to make hefty gains on that as I continue adding to the pot. + +Needless to say, whilst I am willing to incorporate some level of risk in my investments, I can't afford to lose the money as I have spent over 10 years rectifying my credit rating and actually putting together some savings. + +Thanks guys and wish you all a great Christmas! +I've been around for all of RC's tweets. This is by far the most direct and to the point one yet IMHO. I've seen some Art of War stuff posted recently and I'm not gonna pretend to have read it but I know one of the rules has to be something about "Only attack your enemies when victory is ensured" or something like that. The most RC has said about shorts in the past is simply a pair of [shorts](https://twitter.com/ryancohen/status/1496304618531602432?t=DSsV0RMtpMTqKX-oJ4i5mw&s=19) emoji. Now not only is he putting words to it he also compared the short sellers to the stormtroopers of star wars. Which were basically scrubs. But even worse than that he called them the DUMB stormtroopers. Man oh man it doesn't get any better than this. + +Tldr: Ryan has his eyes on the path of victory and it cannot be stopped. Otherwise he would not have called out his enemies so blatantly. The battle is ours apes. It's been a pleasure boarding this rocketship with you. I'll see yall on the moon soon!! 🌙 🚀 👨‍🚀 +I’m nervous, and would like as much info as people are willing to give. + +I am just as much of a monkey as a lot of you seem and claim to be, the only difference is that I never invested anything. + +I invested on Freetrade (if that’s relevant). + +What can I expect to happen or what shall I do on specific circumstances? Eg if price drops, do I hold (not sell) if it rises enough, do I sell? + + +Edit: Hell yeah I’ve already made £1.20 if I sell now, which I won’t don’t worry. +Don’t worry, I know it goes down as well as up suddenly. + +UPDATE: I’ve bought .25 of a share to increase my holding to 1 full share, well, 1.01. Thanks for the advice everyone, it’s been helpful so far. +I am but a simple primate with a brain not too dissimilar in structure to a pebble you might use to skip into the ruddy waters of a small creek you grew up next to. + +What follows is highly likely to be nothing more than evidence of my early onset dementia and it is *certainly not any kind of advice,* but I felt compelled to share it in the event it is a useful puzzle piece to anyone whose has been wondering about a possible relationship between hedge funds and crypto holdings, the sort that have been circling the rumor mill lately. + +I stumbled upon u/itsblockchain's [post](https://www.reddit.com/r/CryptoCurrency/comments/ngydk5/a_mysterious_bitcoin_whale_who_sold_3000_bitcoins/) about a particular [BTC address](https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ-full) and, on a whim, decided to have a little look-see. A few hours later, here's what I know: + +The collosal whale in question has mostly been in BTC accumulation mode only since early-2019 with its tidy initial investment of some $4 million. It has the unique distinction of selling their crypto (now valued at $4 billion!) at points that appear to coincide with the price action of large GME movements over the last 4 months. I've been trying to map everything to lineup with options expiries, buys, etc., but it's absolutely too much for my velvety-smooth frontal lobes. More on that in the conclusion. + +Before I share these screen grabs, it's worth noting that what makes this address so special is that these are *the only* times they sell from January onward this year. Another interesting point is that virtually all of their sell-off events are in multiples of 1500BTC lots. (This last point may just make for easy accounting since the underlying value has changed so much, but feels worth pointing out). + +Okay, onto the data: + +* On January 11th, GME begins its ascent from $19.94 to a high of $347.51 on January 27th. Our whale sells three lots of 1500BTC, totaling $144,194,982.18. + +[Jan 11 sell-offs.](https://preview.redd.it/60689zct06171.png?width=2308&format=png&auto=webp&s=0ce5c97c93c8d2c05000370e6f2138b79e288c2b) + +* On January 28th, GME drops to $193.60. Our whale sells two lots of 1500BTC, totaling $97,863,593.77. + +[Jan 28th sell-offs.](https://preview.redd.it/rakucqnw06171.png?width=2396&format=png&auto=webp&s=ca598eaa7f0342285c8313f618d207281751d5c7) + +* On January 29th, GME rockets back to $325. At the same time, our illustrious whale appears to have taken a liking to krill-flavored, gold-plated, gourmet Funyuns^(R) and promptly liquidates a whopping $336,754,682.47 of BTC in 3 lots. + +[Jan 29th sell-offs. Probably a coincidence.](https://preview.redd.it/92b8xyuz06171.png?width=2308&format=png&auto=webp&s=14e800ee2d3e8a5f35f6a105a869d176cf3b61fc) + +* By February 4th, GME has come down to $53.50, then rises to $63.77 and falls again to $60 over a 4-day period that resembles what professional investors call a "nipple". The whale liquidates $121,945,686.75 over the same period. + +[Early February sell-offs.](https://preview.redd.it/rpcjmgh516171.png?width=2298&format=png&auto=webp&s=2bda4f94ca4f14c8a29972ea2ba5804f1979deee) + +What follows are 3 more sales of BTC, all in the same 1500BTC lots: + +* April 11th and 13th - 3000 BTC worth $183,717,827.45. + +[Yawn.](https://preview.redd.it/idryq48816171.png?width=2320&format=png&auto=webp&s=566ba29ef7acab9c5f31bede3c88afb21342a849) + +* May 4th and 6th - 3000 BTC worth $167,099,254.90. + +[Nothing to see here.](https://preview.redd.it/742179nb16171.png?width=2300&format=png&auto=webp&s=4481b0d1591cc4cf9525c0ddbf0e1ea5f7d563b3) + +* May 8th - 3000 BTC worth $175,510,763.61. + +[Surely not related to liquidity issues.](https://preview.redd.it/g7zw1iod16171.png?width=2364&format=png&auto=webp&s=d1c50bea05c48fdcf973b17c1926f5482f32577c) + +Here's a helpful chart provided by u/teacoat___ that overlays the dates above (blue lines) on the movement of GME. + +[Thanks, u\/teacoat\_\_\_!](https://preview.redd.it/ky0roqid2b171.png?width=1637&format=png&auto=webp&s=a73824fb477b647c9cc33ab4d65ef79445102068) + +To be completely fair, it's worth pointing out that correlation does not equal causation. We don't know who this account belongs to other than that they are: + +* an entity that has been fortunate enough to funnel *hundreds of millions,* nay *billions* in crypto in 2 years, +* that they pretty much only accumulate, but +* when they *do* spend, it's for who knows what that *just so happens to coordinate with massive price movements in a totally random stock*. +* Also, their selloffs correlate inversely to in-progress or the beginnings of BTC price rallies which would be the worst time to sell off unless you *absolutely needed to.* + * Jan 27th - BTC begins rising from its low of $30,432.55 to $57,539.95 on Feb. 21st. + * April 11th - BTC is in the middle of another of its attempts to reach its zenith that comes at $63,503.46 on April 13th. + * May 4th - BTC goes from $53,333.54 to $58,803.78 on May 8th. +* Also, that their timing is impeccable. In the last two cases, they are able to time the high for the period after which are massive declines in BTC price, the latter of which has not yet been recovered from. This seems to indicate cutting edge *Market Whisperer*\-like abilities of the sorts that are available to those at investment banks. + +To wrap this up, I want to reiterate that I wrote this because both our sub and crypto's are beginning to speculate on the relationship between the two. What we *can* and *can't* say is important and worth pointing out. + +At this point, what I think we need, barring access to some government-grade analysis tools like Elliptic.co, is a way to analyze the blockchain a bit better. It would be helpful if we could, for example, compare similar addresses that *only* have spending dates that correlate with price movement of a particular publicly available stock as this one does in our simple illustration. This would bypass address and routing obfuscation often used by exchanges and stablecoins and allow us to make some *best guesses* without having to actually care about specifically naming names at this point. + +It's also worth trying to figure out what the other handful of pre-2021 sell-offs were a part of, if such a thing can be intimated at. Ditto for the April/May sell-offs and if there is any relationship to margin calls or known liquidity issues on the part of the hedgies. + +**CAN ANYONE LEND A HAND?** + +It bears repeating: I am an exquisitely smooth-brained ape. + +Feedback and comments welcome as this is my first quasi-aspirational DD. **#buy** and **#hodl** + +Edit 1: grammar and an additional question in the follow-up section. + +Edit 2: Another interesting fact that u/Chocowark helped me realize is that this entity also employs address *reuse.* In the crypto space, this is a big no-no because it reduces privacy by letting *any old ape* scrutinize your transaction history just as we're doing here. Trade analysts could theoretically also monitor your activity and front-run against you. Second, it implies that they're using an older wallet that doesn't support address regeneration. Most new wallets do this for you automatically, so the fact that this account doesn't use it would seem to indicate that they either a) don't have a new wallet (and are behind the security best practices curve), or b) that they actively disabled regeneration and *they want a record* in order to meet an obligation of auditing. + +Edit 3: Some commenters in the original post are scrutinizing this from a Bitcoin market-only perspective and seem to be under the impression that this address is just dumping blocks of Bitcoin to create liquidity out of the poor saps who see the drop and sell which lets the whale buy back in. It looks convincing except for the fact that they're NOT BUYING BACK IN when they should be if they wanted to make an immediate profit in Bitcoin as they could have. I tried pointing this out in my bullet points 4 and 5 above. Again, it could be a random fluke that this address just so happens to go active when GME had its biggest trading spikes, but neither Bitcoin nor GME seem to have moved in this entity's favor from the perspective of someone looking to profit in either market unless you consider their need to cover for something not stated. Again, still hypothetical and needs more DD. +[Pic of the GLOWING building](https://i.imgur.com/1QC3wBV.jpg?s=sms) + +He says it is never glowing this late. He thought it was strange even before i called him! + +I found the hotel using Google Maps cuz i went on a hunt for an ape friendly eye-witness confirmation that could confirm whether this is typical. “This is STRANGE!” he said. “The building never glows this late. It is glowing.” He was a foreigner. These were his words. + +Unbelievable! +My personal experience with this gem $BINGUS and why I'm positive about it including some cons that have been fixed! No rocket emojis just the plain truth. + +As most people in the crypto space I came to BSC chasing those sweet 10-100x coins and did as much research as possible to prevent myself from getting rugged. + +As I was searching I found $BINGUS 17 days ago and joined their telegram group (https://t.me/bingustoken2official). +I wanted to see how active the community was and how safe and sound of an investment bingus would be. I have to say I've never seen a community so positive and wholesome as Bingus' community, as they say "came for the gains, stayed for the wholesome community". With having doxxed dev and renounced ownership and all the anti rug things going on I felt that I found a gem. Now with all the partnerships bingus is pulling off, and having already donated $40,000 to multiple charities it feels like THE COIN. Finally with just a 3% tax fee that meant bingus is nowhere near a ponzi scam like many others so I can pull out whenever I feel like it. + +Bingus pumped quite hard last week and thus a lot of whales have exited since affecting price sadly. However now we have an overall healthier situation with 10,000 holders and MUCH better liquidity(we used to have a liquidity issue that made whales and swingers prevent price from rising but devs did a great job fixing that). I haven't sold even though I could have easily got 3x gains and other community members could've got 10x and more but they didn't because we believe bingus is very undervalued at 6m market cap, and 50m makert cap is a conservative estimate. + +Bingus also partnered with APESWAP & Takodefi to provide liquidity farms and pools to incentivize holding LP tokens, which has greaty increased our liquidity. + +What partnerships does bingus have? +Celebrities on board: +Michael Rainey Jr: The lead actor of Power Book II: Ghost +Charlie(moistcr1tikal): Youtuber and twitch streamer +Rookie Kanaka: Emmy Nominated Animal Youtuber +Crispy Concords: Youtuber and twitch streamer +BBNO$: Rapper who released 2 songs for bingus + +Crypto Partners: +DOGIRA ANNOUNCED TONIGHT(founder was on original doge team) +BogTools +ApeSwap +Blowfish +TAKOdefi + +So far I've only seen 2 charity coins that have all these great qualities(dox dev, good community, celebs, etc) which are $BINGUS(animal-focused) and $HAPPY(Human focused) and I like them both but I'm personally more invested in $BINGUS. + +There's a CEX listing coming soon which will coincide with our influencers raising awareness and promoting BINGUS. So as normal people can buy easily on the CEX without having to deal with all the difficulties of buying on dexes I expect a rapid rise. + +So try giving BINGUS a look and come chat on the tg group anytime and you won't regret it. + +Token Links + +[Bingus Official Website](http://www.Bingus.Finance) + +[HowToBuyBingus](http://www.howtobuybingus.com) + +[bingus’ chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[Here’s Mike talking about the project](https://streamable.com/h2w51l) + +[Here’s Mike talking about the project on Satoshi Club](https://t.me/Satoshi_club/715632) + +Social Links +[Join the Telegram](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +Charity Donations +Donation 1 ($350) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) | Donation 2 ($1000) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) | Donation 3 ($3000) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) | Donation 4 ($2500) [Jersey Animals Rescue](https://imgur.com/gallery/njxAINv) | Donation 5 ($3000) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | Donation 6 ($10,000) [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) | Donation 7 ($10,000) [Hope For Paws](https://imgur.com/gallery/H8FfkJo) | Donation 8 ($10,000) [Maui Humane Society](https://imgur.com/gallery/wFT94nB) +My friends - as a beginner who has recently started making (a little bit more serious) efforts into learning how to invest and trading, let me share some findings with you. + +&#x200B; + +1. DO NOT LISTEN TO PEOPLE LIKE STEVEN DUX. Every person in the financial industry has an objective one way or another. Why do you think they keep playing up the fact that they're rich but ask you to participate in their courses or "learn their secrets" for a couple thousands of your hard-earned cash? Because they want to take advantage of your inexperience and sell you something that seems grand but is usually something that you can Google or learn easily on your own. There are no "industry trade secrets" in investing; if there were, a lot more people like these ones offering you such "secrets" would be billionaires and wouldn't bother trying to "teach" you something that you don't know. + +&#x200B; + +2. Take information from a variety of resources. Don't take anyone's offer in selecting "stocks" for you that will make you rich overnight. These are tremendous red flags because investments are a deeply personal choice. You invest in companies that you believe in and that YOU think will do well. If all he/she does is offer you a plan that is obscure in where you're putting your money or promises instant wealth with "unicorn" companies, they will run with your money. Do your research, learn basic financial concepts from places like Investopedia, and find companies that you truly think will stand the test of time and will grow. Think about it: would you want to throw all your funds at "tried and tested" companies like Exxon because some investment guru said it's the best choice (but you personally disagree with or think is going to fail in the future), or invest in a company like Patagonia (ethically respectable, well-known, and trusted) or Google (world-renowned and used, not the best ethically but you know that no one's going to give up their search engine in a long, long time) that you trust for the medium-long term? + +&#x200B; + +TL;DR: Make your own decisions and learn things for yourself one step at a time instead of placing your trust and funds into the hands of another. It'll pay off in the long run, I guarantee it. +# Intro + +Yesterday, somebody in the comments of some thread asked for an ELI5 on why US bond rates matter and what their relationship is with markets and economies. What I wrote ended up being more like an ELI12, and also ended up being quite long; in any case, I have decided to modify it a bit and turn it into its own post. + +# What are bonds + +First, an introduction on what bonds actually are. + +Simply put, a bond is the "asset side" of governmental or corporate debt. When a government or corporation borrows money, the borrower now holds a liability, and the lender holds an asset, which is expected to return them their original investment (the money they lent) plus profit (interest) at some later date. A bond is basically a token that says some government or company owes you some amount of principal by some date known as the maturity date (usually 3 months to 30 years, depending on the type of bond), plus interest. Because bonds are a tokenization of debt, they can be easily traded in a liquid, open market, just like stocks. This means that the original lender does not need to be the person who is repaid when the bond matures; the repayment and interest simply goes to whomever holds the bond at the time. + +There are two main types of bonds: corporate bonds, and government bonds. + +Corporate bonds are the main way companies raise money, apart from selling shares. + +Government bonds are how the government raises money to cover budget deficits (ie: when the government spends more than they have the tax revenue to spend, they borrow the remainder by selling bonds to whomever will buy them). If nobody is buying the government bonds, the interest will go up organically due to supply and demand until people are willing to buy them. Government bonds are often known as **treasuries**, and are broken down into three categories: treasury bills (short-term maturity), treasury notes (mid-term maturity), and treasury bonds (long-term maturity). + +One of the main buyers of US government bonds is the Federal Reserve, which is the name of America's central bank. This is the entity that is able to actually print US dollars. Everyone has heard of things like how the US government recently ran huge deficits due to "stimulus spending", and that it printed the money it needed for that spending. Well, this is a slightly inaccurate picture of how it works. The government chooses fiscal policy, which means they build the budget and they set the tax rates. They are the ones who choose to overspend and run a deficit. However, they don't choose monetary policy: they cannot print money. This power was delegated by congress to the Federal Reserve over 100 years ago. + +So, when the government runs a deficit, they sell bonds to borrow the money. If the FED chooses to, it can print a whole bunch of money and then lend that money to the government (ie: the taxpayer) by buying the government bonds with it. That is how newly printed money actually gets into the economy: the FED prints it and then lends it out to companies and to the government by buying corporate and government bonds. When the FED buys a bunch of treasuries (government bonds), it is really lending out freshly-printed cash to the American people (since the government's liabilities are really the taxpayers' liabilities), and the people then owe that money, with interest, back to the FED by the time the treasury matures. + +When the FED decides to buy up the government's bonds in order to lend to the taxpayers the money that congress is spending, they are also putting downward pressure on the bond interest rate. This is because, if the FED decided *not* to lend a bunch of money to the government to cover its deficits, the bond interest would organically rise through supply & demand until other buyers (individuals, companies, foreign investors, whatever) are willing to buy those bonds. + +So, when the FED wants to keep bond interest low, they achieve this indirectly by creating what is basically artificial demand for US bonds by buying a ton of them with money that they printed at no cost to themselves. Due to how supply & demand works with debt, the more demand there is for bonds, the lower the interest those bonds offer. + +So, the Federal Reserve executes its main task of managing the US bond rate by choosing how much government debt it buys. If they want bond rates to go up, they will print less cash and buy fewer bonds. If they want it to go down, they will print more cash and buy more bonds. + +The FED is essentially a whale with the power to print money, who uses said printed money to manipulate the US bond market, ostensibly for the good of everybody. + +# The risk-free rate + +The interest rate on American government bonds is considered one of the most important variables in the American (and even worldwide) economy. This is because the American gov is considered the de-facto safest borrower of all borrowers in the world. In other words, if I buy an American government bond, I am lending my money to the entity that is considered to have the smallest risk of defaulting in the world (maybe this is arguable, but regardless this is a premise that is at the core of the world economy; what's important is that people believe it). + +There is a concept in economics called the "risk-free rate". This is the interest you can get for lending your money to a 0-risk borrower, and should logically be the lowest interest rate you see anywhere in that economy. Of course, there is always technically some risk when you lend money, so the risk-free rate is technically imaginary. However, in practice, just about everybody considers the US bond rate (specifically, treasury bills, the US bond with the shortest maturity) to be the risk-free rate, as the risk is considered to be so low as to be negligible. + +So, if buying American gov bonds is the safest way to lend money, it means that every single other form of loan must pay higher interest. Why? Because every other borrower is considered higher risk, and for me as a lender, I will not accept less interest for greater risk. So, if American bond interest goes up, all other loan interest (corporate bonds, bank loans, mortgages, credit cards, whatever) will organically go up, because everything must pay greater interest than American bonds to compensate for greater risk. This is simply a matter of supply & demand mechanics. + +So, American bond interest is kind of like the baseline or the "sea level" for all interest rates in the entire economy. This even stretches to other countries, because anyone can buy a bond from the US gov, and they are considered the safest borrower in the world, so nobody will ever lend money to anybody else unless they are compensated with greater interest than US bond interest. + +# The cost of capital + +So, if US bond rates go up, and therefore all interest in the economy goes up, that means money itself has gotten more expensive. Loan interest is literally just the cost of money (known as the cost of capital). The lesser the interest, the cheaper it is for me to acquire money right now. When you realize that the entire world runs mainly on debt, it becomes clear how significant this phenomenon is. + +So, when US bond rates go up, the price of capital itself goes up. That means it becomes more costly for businesses to raise money, more costly to mortgage a house, more costly to open a line of credit to buy investments, more costly to spend with credit cards, more costly to use leverage in securities markets, etc. + +This means that growth goes down, spending goes down, wages go down, etc. It also means the prices of goods go down (or at least climb slower), because people aren't willing to pay as much, since capital itself is more expensive to acquire. + +What happens when prices go down? Well, that's a reduction in inflation. So, when inflation is getting too high, the FED (central bank) will make bond interest go up to apply recessive forces on the economy to curb said inflation. + +If inflation is low, the FED might reduce bond interest in order to make the cost of capital lower to juice the economy, prop up securities markets, and incentivize growth. Too much growth though, and we end up with inflation again, meaning the FED might increase rates again. This causes a sort of wave-like dance between bond rates and the heat of the economy. + +So, the FED influences bond rates ostensibly to keep the economy balanced: not too hot and inflationary (can be very bad) and not too cold and deflationary (also can be very bad). + +It is also worth noting that the FED wields a couple other levers it can use to increase or decrease the cost of capital (ie: the general interest rates in the economy) that are separate from bond rates. They can change the reserve requirements of banks (what percentage of total assets a bank must hold in reserve). If banks need to hold more in reserve, then they have less liquid money to lend out, so the supply of capital goes down, so market interest (cost of capital) rises. Also, the FED can change the discount rate, which is the amount of interest they charge banks for short-term loans (24 hours or less) from the FED itself. When these rates go up, banks are disincentivized from borrowing from the FED, so the banks end up with less liquid capital, which means they need to be more conservative about the loans they themselves give out, which makes the supply of capital go down and thus the cost of capital go up. + +# What does this mean for markets? + +When bond rates go up, most investment markets go down. Why? Well, the higher bond rates go, the more I can make by investing in bonds, without the risk going up. So, as bond rates go up, it becomes more and more attractive to move my wealth out of riskier markets like stocks and into what is considered the safest investment market in the world: US bonds. Since rates going up means I get greater returns on my bond investments, but the risk doesn't change, US gov bonds become more and more sensible to an investor as the rates increase. + +Of course, bonds rates going up a smidgen doesn't actually suddenly make bonds a strategically more sound investment than riskier things like stocks. In fact, US bond rates have been so comically low for so long that it hasn't made much sense to buy bonds in years (decades, really). However, when people hear that the FED is going to increase bond rates, they think "bond rates going up means people will sell stocks to buy bonds, so I better sell now to front-run that", which is the main thing that *actually* causes stocks to fall when bond rates increase. + +How crypto will fare with increasing bond rates is unknown, because rates have been declining ever since BTC was born, until very recently. Personally, I imagine crypto will follow stocks down if rates go up too much, but nobody knows for sure. + +# Some historical context + +US bond rates hit an ATH in 1981 around 15% (edit: some sources seem to say 20%; unsure which is correct). Unsurprisingly, the stock market hit a low at the same time (like I said before, the orthodox narrative is that there is an inverse relationship between bond rates and most securities markets). Think about how ridiculous 15% bond rates are. That would mean you could buy what is definitionally the safest investment available and get 15% returns each year. By contrast, the safest stock ETFs (still way riskier than US bonds) average like 7% a year. + +So, in the 80s, you could double your money every 5 years while accepting what is usually considered 0 risk. Ever wonder why boomers seemed to get wealthy so easily? This is one of the reasons. + +Since the ATH in 1981, the treasury bond rate has fallen continuously until Covid hit, at which point it pivoted at a low of about 0.5%. Since then, it has been going back up, but is still extremely low, at around 1.5%. + +Since bond rates going down means stocks go up (at least, this is a very popular narrative, though some disagree), the stock market has been in a tremendous and arguably unnatural bull run for about 40 years, only pausing twice very briefly for "corrections" circa 1999 and 2008. + +Since US bond rates have gotten so close to 0%, they can't really lower them any further without going negative (which is actually a thing, and some countries are trying negative interest now. This is an extremely weird rabbit hole that nobody really knows the true consequences of yet. Imagine getting paid to borrow money. Several countries have been experimenting with this over the last 7 years, and a few I believe for even longer). The chair of the FED (Jerome Powell) said a few months back that they have no intention of going to negative interest rates, so that means these past 40 years of propping up markets by reducing bond rates has probably come to an end. + +You could think of the continuous lowering of rates for the last 40 years as the FED spending its ammunition to prop up markets and propel economic growth, but now that rates are barely above 0% and the FED isn't willing to go negative, they are out of ammo. Not only are they out of ammo when it comes to lowering the rates, but one might also argue they are also currently incentivized to *increase* rates to combat rising inflation. + +This is why there is fear. The FED has been sticking its hands in for 40 years to prop up markets, and now it seems they are going to stop, at least for now. + +I hope this ~~ELI5~~ ~~ELI12~~ ELI-an-Intro-to-Econ student about why US gov bond rates are such an important concept for understanding global economics has been enlightening! +I've seen posts like this before but I was never able to empathize with them until now. + +I'm in my mid-30s and I recently retired from an 8-5 job. I still have some consultancy gigs that take up about 4-6 hours of my week. My husband is still employed but that's because he loves his job and the work environment but he also plans to retire in 5-6 years or shift to a consultancy role, if circumstances allow it. + +Anyway, since sharing to my friends that I've retired, I've encountered some hostility and snarky comments. Some have also invalidated all the planning and effort I've put into this and reduced it to mere luck. Even my long-time friends have conveniently forgotten that I started work at minimum wage and their starting salaries were double or triple of what I used to earn 15 years ago. Even family members have shamed me for my early retirement and the few who made positive comments are now angling for a loan. It's not like we have a lot, it's just that we only need little to survive because our mortgages are paid off and we don't have kids. + +I know it's very trivial and a first-world problem but I can't help but feel ganged up on and invalidated over something that I've worked hard for (I've been planning on early retirement since uni days because I was working two jobs living paycheck to paycheck while taking my degree. I also introduced the FIRE movement to my now-husband when we started dating). And it's not like I'm announcing my retirement to everyone, just when people ask where I work now or what I'm up to. + +So my question is, how do you react to snarky or shaming comments about early retirement? How do you celebrate wins without looking like a braggart? Do you have close friends and family who are genuinely happy for you? What do you do when it feels lonely on FIRE-ing early? Do you avoid questions about FIRE so as not to be judged negatively? +AS MANY OF YOU KNOW THERE ARE CONTRACTS THAT EXPIRE TODAY AT **$115. THE HEDGE FUNDS WILL DO EVERYTHING THEY CAN TO TRY TO DRIVE THE STOCK DOWN TO THAT PRICE TO SAVE THEIR ASSES.** + +How are they going to do that because some of you retards still dont know? They are going to trade the stock in low volumes at rapid speeds to **MAKE IT SEEM LIKE THE STOCK IS LOSING VALUE**. BUT IT IS NOT LOSING VALUE. The volumes that the hedgefunds are trading at are a .000X% of gamestops overall volume. They want you to be scared and sell your stock so that they will win. DO NOT FUCKING SELL DO NOT LET THE HEDGES WIN. HOLD WE WILL MAKE HISTORY. HOLD AND WE WILL WIN. DO NOT SELL YOUR FUCKING SHARES. AND BUY THE DIP. + +(THIS IS NOT FINANCIAL ADVICE, DO YOUR OWN RESEARCH, I JUST LIKE THE STOCK) + +Edit - for those of you asking what you should do: don’t spend money you can’t afford to lose. +*I posted this yesterday but it was removed by reddit because I said the website of the scam. Now I repost it without any information so please don't ask for it. Anyway the website is now deleted so you can't see anything.* + + I own a telegram group where this morning an user entered telling everyone to be quick because today it was starting the private sale of a new coin. + +I looked at its website and it was clearly made by an amateur. It's whitepaper was a joke. + +However, the devs officially doxxed themselves and most users in their "official" telegram group were starting to believe in this scam. + +I noticed some users were clearly fake, saying things like "I follow this project since 1 year and it's amazing" but I checked and the **group was created just few days ago so how they were following this project since 1 year ago?** + +I then decided to **contact on LinkedIn the 2 official admins of the project**. They both answered me that they had nothing to do with it and clearly someone took their names and photos and posted them on that website. + +45 minutes were remaining before the private sale would start. By the way, the private sale was going to work in this way: they would publish a bsc address and everyone had to send bnb at that address. In exchange they would receive back 2000 of these new tokens. + +I posted in their group that admins were liars and that the people listed in the official website were not related to this project in any way. + +They accused me of fud, I had no proofs. Also they were deleting most of my messages. + +**Then I tried what I thought was impossible, because only the worst amateur would make such a mistake: I did a whois of the domain of their website** and found out the website was created just 2 days ago, and I found the name and the address of the owner. This guy didn't even think to hide it properly. + +**At this point it was just few minutes before the official launch of the private sale. I simply posted in the group the name and the home address of the scammer and then "if anyone will be scammed, just give this name to the police"** + +Admins abandoned the group immediately, countdown went to 0 but no private sale started. They literally disappeared and they had no opportunity to scam anyone. + +Obviously they were amateurs, it's harder with professional scammers, but I'm proud that I destroyed the plan of these scammers who invested money and time in creating their website and preparing this scam. +Hi, my mom passed away and I’m going to come into some money. I don’t trust myself with the money and want to put it away somewhere so in 15-20 years or so I can retire. I’d appreciate everyone’s thoughts. + +I am 45 y.o. btw, I make about $70,000.00 a year practicing law. I have no retirement at all atm. + +Thanks for the advice. +[https://theconversation.com/all-told-australian-sanctions-will-have-almost-zero-consequences-for-russia-177913](https://theconversation.com/all-told-australian-sanctions-will-have-almost-zero-consequences-for-russia-177913) + +One point not discussed is the effect of the Russian sanctions on us. Symbolically, they are important, but what I want is your thoughts on the effect on our economy. + +Russia is a major producer of nickel, copper, gold, and diamonds. Gas might go up. In many ways, it is a competitor to us so we may get more for our stuff which is good for our debt problem but as consumers, we are going to pay more for these products. +Who honestly can afford having kids in todays world? Honestly I think it’s selfish to bring a kid into a society like this. Why would you want your kid to ever struggle financially? There are barely any jobs now. Imagine 20 years from now, there will be zero jobs. Having your bachelors means literally nothing anymore. Hell, having a Masters doesn’t mean anything anymore. The world will never be the same after the pandemic. We have a pandemic and an epidemic of opiate use going on at the same time and workers are all being replaced by robots or machines. Has anyone seen the new Amazon grocery stores? They require ZERO workers. Those Amazon grocery stores are gonna be the biggest trend in 15-20 years and it’s gonna put hundreds of thousands out of work on top of what the unemployment numbers are now. I know this sounds depressing and kinda fucked up but it’s true- I would never bring a human into THIS world, I don’t even want to be here….. +This is in response to [The SEC “no objection” to OCC proposals may not be as bad as you think](https://www.reddit.com/r/Superstonk/comments/x4w74c/the_sec_no_objection_to_occ_proposals_may_not_be/) which plays Devil's Advocate to my post [SEC: "No Objection" to OCC Proposals so MOASS can happen, pensions pay for it, and Wall St keeps their collateral](https://www.reddit.com/r/Superstonk/comments/x4hezj/sec_no_objection_to_occ_proposals_so_moass_can/). + +On the upside, [u/dmurrieta72](https://www.reddit.com/user/dmurrieta72/) and I both agree that: + +1. Clearing Members can still default, +2. The SEC proposals are about how the OCC handles a Clearing Member default ("Aftermath"), +3. And, we're both **bullish**. + +# So, how bad are these OCC proposals? + +In particular, how much of the $35+ Trillion in pensions funds can the OCC tap? $1 Billion? $2.5 Billion? 🤷‍♂️ + +It's undisputed that the OCC is looking to add **$2.5 billion** in external liquidity: + +[SR-OCC-2022-803 34-95327 pg 8](https://preview.redd.it/tmt8xlr4mpl91.png?width=1666&format=png&auto=webp&s=97f698a02041c60413de830c6d41cf8d22039ced) + +And, here's where the OCC says "well, that $2.5 billion *might* all come from the Non-Bank Liquidity Facility": + +[SR-OCC-2022-803 34-95327 pg 9](https://preview.redd.it/k5wr4s0ompl91.png?width=1216&format=png&auto=webp&s=0334de698f7bd272c354d4e3e1d3c78e4ab9b792) + +Basically, if banks don't want to give us money, we'll go to our Non-Bank Liquidity Facility which taps institutional investors that *are not Clearing Members or an affiliated bank, such as pension funds or insurance companies:* + +[SR-OCC-2022-803 34-95327 pg 5](https://preview.redd.it/ziw7gj8dnpl91.png?width=1686&format=png&auto=webp&s=5ecd67128139ab23b71d65a6c192f92193b237c2) + +Increasing the OCC's ability to tap pensions funds and insurance companies for $2.5 billion dollars is only an increase from their current ability to tap them for $1 billion dollars. And currently, to get access to more money, the OCC needs to ask permission to exceed the current $1 billion dollar cap. + +Which is why the OCC is also asking for "Removing the present $1 billion dollar cap to the Non-Bank Liquidity Facility program". + +[SR-OCC-2022-803 34-95327 \\"Proposed Change\\" pg 9 ](https://preview.redd.it/qx1ust2gopl91.png?width=1682&format=png&auto=webp&s=cecb5ea8f1a3d5b68ddafe5a954c3d9a16073c21) + +After all, if you're going to ask to more than double your access to money from pension funds and insurance companies, you might as well ask to remove the limits and not have to ask again. And that's what they did: + +[SR-OCC-2022-803 34-95327 \\"Anticipated Effect On and Management of Risk\\" pls 12-13](https://preview.redd.it/qphj0fyropl91.png?width=1644&format=png&auto=webp&s=65bff623e5a067aa2d07a0e13b5bbd3f90eeedd9) + +Basically, the OCC is asking to up their limit from $1 billion to $2.5 billion *and* remove the pesky limit to "allow OCC to seek an aggregate commitment amount for up to the amount determined by the Board of the Directors". + +>*OCC: Can we remove the limits and just use however much we decide is necessary?* +> +>*SEC: Sure thing. We trust you bro!* +> +>Apes: 🙈🙈🙈🙈🙈 + +The SEC understood the OCC's proposal the same way, "OCC is proposing to remove the $1 billion funding limit and **increase the capacity of its Non-Bank Liquidity Facility to an amount to be determined by OCC's Board** from time to time, based on OCC's liquidity needs": + +&#x200B; + +[SR-OCC-2022-803 34-95670 pg 4](https://preview.redd.it/i3lx0dprppl91.png?width=1680&format=png&auto=webp&s=e0b037fe405558a551bcc948d233be6251c211cc) + +*The fox is guarding the hen house.* **OCC's Board decides the OCC's funding limit from pension funds and insurance companies in their Non-Bank Liquidity Facility.** + +Pension funds were valued at over [$35 TRILLION (as of 2020)](https://www.statista.com/statistics/421729/pension-funds-assets-usa/). The OCC's Board now decides how much of that the OCC can access. The OCC *was limited* to $1 billion and they asked to up that limit to $2.5 billion *and remove the limit*. The SEC has granted OCC's request to remove the limit because the "OCC has been designated as a SIFMU" (Systemically Important Financial Market Utility \[[Wikipedia](https://en.wikipedia.org/wiki/Systemically_important_financial_market_utility), [Investopedia](https://www.investopedia.com/terms/s/systemically-important-financial-institution-sifi.asp), [OCC](https://www.theocc.com/newsroom/insights/2018/10-29-the-importance-of-a-systemically-important-f), [Federal Reserve](https://www.federalreserve.gov/paymentsystems/designated_fmu_about.htm)\]) Basically, the US Government will protect it *at all costs*. Regardless of whatever perverse incentives this creates for financial industry participants to lie, cheat, steal, **sell assets that don't exist**, **or fail to deliver on securities sold**. + +[SR-OCC-2022-803 34-95670 pgs 14-15](https://preview.redd.it/79em3oacrpl91.png?width=1702&format=png&auto=webp&s=06432cba72d0ea656e216bdfe58878e90fc696f1) + +# Tapping pension funds and insurance companies is an alternative to their Wall St friends selling precious collateral + +The OCC's stated intention for their proposed change was very clear: + +[SR-OCC-2022-803 34-95327 pg 15](https://preview.redd.it/gu5vdp0ktpl91.png?width=1696&format=png&auto=webp&s=cc36c7ee6f027b3ed5a4f5217138f5f7440572cc) + +>"\[T\]he proposed change would **allow OCC to seek a readily available liquidity resource** that would enable it to, among other things, continue to meet its obligations in a timely fashion and **as an alternative to selling Clearing Member collateral under what may be stressed and volatile market conditions**." + +The OCC explicitly stated their proposal expanding the Non-Bank Liquidity Facility (with pension funds and insurance companies) is "**an alternative to selling Clearing Member collateral** ~~under what may be stressed and volatile market conditions~~" during a market crash. The SEC approved it. ***What is the point of having Clearing Member collateral???*** + +Why pensions and insurance companies? I covered this before [here](https://www.reddit.com/r/Superstonk/comments/utlh7m/kenny_destroying_teacher_pensions_and_blaming_apes/) and [here](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/) . **Wall St made sure Main St pays their gambling debts, again.** Privatized Profits & Socialized Losses -- it's on [Investopedia](https://www.investopedia.com/terms/p/privatizing-profits-and-socializing-losses.asp). + +Tagging u/dlauer u/bettermarkets u/jonstewart because someone's going to do it eventually anyway. +A friend asked me about my financial journey and always assumed that I always made good and calculated decisions which ultimately lead to my financial success. I was very quick to shut down that idea as I proceeded to explain a wide range of mistakes I have made ranging from poor salary negotiations to investing based on hype and fomo. Some of these mistakes were small and petty and others brought a very very heavy sinking feeling inside. Ultimately it was the learning from the mistakes and striving to be more rational in my approaches that has led me to where I am today. And so I ask what is your biggest financial mistake? +Apple's earning is up 18% from a year ago, but the stock price is up 100% from a year ago. Can someone shed some insights why that is (possibly)? It would seem fine if it's just 35% up, but 100%, that's like ... crazy. Consider that it's a blue-chip company and all. +Hi, + +So I gave my SSN to my future landlord for the rental application/lease agreement and a month later, he sent all of the people living in that apartment eachother’s SSN, past addresses, DOB, etc. + sent it to one unknown person because he mistyped an email. What should I do? + +Thank you. +I’m selling on the way down. No more bullshit talk about high prices being limited to a certain amount. I’m Just fucking holding! + +Not financial advice. + +Edit: shillary Clinton’s we see you. Remember, be excellent to each other! Im not here to argue or insult people. Please help by downvoting promiscuous behavior.. i.e. overly aggressive or insulting comments. Apes together strong!! 🦍 🚀 🍌 + +Edit #2 thank you guys for all the awards!! 🙏🙏🙏🙌🙌🙌 +Hello, im a college student and recently applied for a credit card at my bank. However, today I received a letter in the mail stating a was not approved for a credit card because I had delinquent activities towards my bank. + +I've never taken out a credit card before so that only leaves my parents who would know all of my information to take out loans. + +After confronting them they admitted to having taken loans out in my name and never paying them back but said they would be willing to help me in recovering my credit. + +How do I fix my credit and is there a way of doing that without pointing fingers at my parents and causing them trouble? + +Thank you + +EDIT: Thank you all for you words of advice + +Please note that I love my parents very much, they have helped me in every possible aspect of my being, and I still depend on them on a daily basis. While I understand what they did is illegal and has screwed me over I do not plan on throwing them under the bus like they did to me. + +After speaking to them they seemed very remorseful and admitted to not being in an economically stable position and were pulling at straws. The situation makes me mad that the only reason I found out was because of I wanted a credit card and not by their own words. Fortunately, they agreed to pay whatever they owe back and to build up my credit. While this may sound stupid I subtly hinted I do want to resort to getting the authorities involved. We will be looking into fixing my credit, it was at a 670 according to the letter my bank sent me so hopefully it isn't so bad. + +Again, thank you all for your advice. + +https://www.cnbc.com/2020/04/20/after-a-crazy-12-months-the-sp-500-is-about-back-to-where-it-started.html + +The S&P 500 has had a highly volatile 12-month run but is little changed in price during the period. + +Other measures, like those tracking international stocks and smaller companies are much lower. + +Wall Street strategists are cautious about the rally off the late-March lows. +I’m really happy I’m a 21 year old college drop out when I got the opportunity to work for a molding company. I’m making 17.50/ hour working 40 hours a week I’m finally able to pay my bills and have some money left over + +Edit:Wow I didn’t expect to get some silver! Thank you so much 😁😁 + + +I have had this theory since GameStop released the splividend. I am calling my theory “The Nuclear Button”. + +The basics of this theory are that GameStop will release an NFT dividend. + +Now there are two options for the SHF. + +Scenario 1: + +The SHF can scramble to acquire legitimate shares for their clients so they actually get the NFT’s from the DTCC (who may hold onto them again). Either way this will illuminate that each share/IOU is not backed by an actual share. This would cause the MOASS in the traditional sense everyone has been picturing all these years. + +Now what I believe is the originality of my theory is the following and why I call it the Nuclear button. + +Scenario 2: + +GameStop issues their NFT dividend. And then offer the EXACT SAME nft on their market place. For $10. Very reasonable, unsuspicious price. Why would GameStop do this? The SHF can just buy them and give them to the people they owe them to. Yes. Exactly. Say conservatively there is 1 Billion synthetic shares that need to be covered. Each one needs this $10 NFT for the SHF to maintain the illusion that everyone got their NFT Dividend. With the push of a button GameStop just profited $10,000,000,000. The SHF maintain their illusion of control the government is happy, GameStop is happy. “Whew that was close.” - Dtcc + +Then 1 week later GameStop issues another $10 NFT dividend. + +How much is the Government willing to pay to maintain the illusion of a Free market. Meanwhile the Company I love is profiting $10 Billion a week with the push of a button. + +Edit: I don’t believe this would be “attacking shf.” Of course a shf would never need to buy the nft dividend if there are only legitimate shares. + +Now imagine 5 billion shares are synthetic. Or the nft is $30 to buy. + +100% just an idea I wanted to share. I hope my flair is right. + +BUY. DRS. HODL!!! +After showing up initially after the distribution (before CS booked the shares though...) the German broker DKB now booked out all additional shares. People‘s portfolios are down 75 per cent. Considering IBKR is also booking shorts seems like share distribution didn’t went so well after all… (this seems to affect both GME and GS2C) + +Edit: it seems like it’s probably an issue with the way they booked these shares, it was initially booked as a simple split, not a dividend. Could be a mistake from the clearing house? So now they have to recall the shares and book them book. However, most have received no notice on that sudden action. +Regardless, this would mean one thing: we do not see the full effect of the splividend yet, a lot of people just got IOUs in their accounts +After lurking around the WSB subreddit then eventually finding my way here. I’ve decided to sell a portion of my ETH for my first shares of GME. + +After seeing what the hedge funds did Wednesday morning to the crypto markets to cover their asses, I want to see them rot. + +Bring it apes, let’s do this. See you on MOASS day 💎🙌🦍 +[This article](https://thecorrespondent.com/100/the-new-dot-com-bubble-is-here-its-called-online-advertising/13228924500-22d5fd24) makes a pretty good case about how much of online marketing seems to be not worthwhile. + +There are a lot of details in the article, but this little excerpt best describes it. + +> Picture this. Luigi’s Pizzeria hires three teenagers to hand out coupons to passersby. After a few weeks of flyering, one of the three turns out to be a marketing genius. Customers keep showing up with coupons distributed by this particular kid. The other two can’t make any sense of it: how does he do it? When they ask him, he explains: "I stand in the waiting area of the pizzeria." + +Essentially it describes how many companies are spending millions upon millions to pay for links that are used by people who would have just used a free link anyways. + +Someone searching eBay that clicks the ad link instead of the free one isn't a conversion. +Some of you may have seen [my prior post](https://old.reddit.com/r/Superstonk/comments/sc4u7i/did_the_vw_squeeze_cause_the_20072008_crash_were/) on the VW Squeeze. In that post, you may have seen [this chart](https://www.tradingview.com/x/jCWsxLnl/) showing that the 2008 SPY crash coincided exactly with the VW squeeze. + +Well, since then I've found so much more and we need to sit down and take a look at the full story, because it is directly applicable to what we're seeing today with GME. + +##**Background**## + +Most apes know the basic story of the VW squeeze. Porsche bought up VW shares, then secretly bought calls, then announced on a weekend, and the next week VW exploded when shorts realized there was only 5% of the free float available for them to cover with. Unfortunately, this isn't the full story. The true story goes much deeper. + +Porsche began accumulating VW shares around 2005, and gradually accumulated options (both long calls and short puts) between 2005-2008, with most of the options being bought through 2007. The options were purchased through the German branch of Maple Bank, a Canadian bank arm of Maple Financial Services (now defunct). To hedge the calls it sold to Porsche (and the puts Porsche bought), Maple Financial bought VW shares and *sold* VW derivatives (swaps/futures) to hedge funds who took short positions in VW. + +##**Who was short VW?**## +The most complete list of short hedge funds I have found so far is this. I haven't dug deep into them, but here's some brief tidbits on each one: + +- Greenlight Capital (David Einhorn) +- SAC Capital (Steve Cohen, you all know this guy, of Point 72 fame. Says VW was the worst trade of his life...so far). +- Glenview Capital (Larry Robbins, grew up in Chicago) +- Marshall Wace (London hedge fund, Marshall came from Mercury Asset Management; Wace came from Deutsche Bank). +- Tiger Asia (Tiger Cubs represent!) +- Perry Capital (closed in 2016, just like Maple financial. Richard Perry, founder, also raised in Chicago, hmmm. His mother was the sister of the CEO of Bear Stearns. He worked at Goldman. His hedge fund peaked in 2007 before the VW squeeze...) +- Highside Capital (can’t find much, but they’re located on MAPLE Ave in Dallas Tx...maybe a coincidence haha [ed: this was a joke for anyone not following]) +- Lehman Brothers: famously went defunct in the 2008 financial crisis, ostensibly due to bad mortgages, but it seems they were the largest holder of toxic VW positions as well, on top of their toxic housing positions. +- Morgan Stanley (claimed they had “virtually no exposure to VW”, but virtually none means they had some, and it was heavily rumored on Wall Street). +- Goldman Sachs. You know these guys. + +##**Let's Look at VW**## + +Back to the VW chart. We have some nuances to discuss. Take a look: + +**VW Pre-Squeeze - Porsche Buy-In Phase** + +[VW 2005-2008](https://www.tradingview.com/x/YysldAhc/). This is the period Porsche was buying in. You can see the price gradually go parabolic as they accumulate more and more shares. This period is roughly analogous to the Cohen buy in period in late 2020. The VW squeeze is off screen in late 2008. Note 10/31/07 is marked. This is the peak of this VW cycle, is just a few days after the peak of SPY before the 2008 crash, and will be important for other reasons later. + +**VW's version of 2021. Meme cycles** + +[VW Oct 2007-Feb 2008, aka GME cycle](https://www.tradingview.com/x/thqOC5Cy/). This chart shows VW between 10/2007 and 2/2008. It bears a remarkable similarity to the GME chart in 2021-2022, though peaks have less magnitude, the pattern is similar. I've labelled the roughly corresponding GME dates for each peak. + +**VW Sneeze vs SPY Downturn** + +[SPY (orange) vs VW (yellow), Oct 2007](https://www.tradingview.com/x/tMriFNW0/). To the DAY, SPY will not be above this point until after the 2008 crash and subsequent recovery/bailout. Exact same day as VW's Sneeze. + +From this point, things are relatively uneventful until the VW squeeze in Oct 2008. SPY continues to drop, VW consolidates sideways/up. + +**VW Squeeze = SPY Crash** + +[SPY vs VW Squeeze](https://www.tradingview.com/x/RBp7jzoB/). You can see the previous graphs' scale in comparison. Note the largest drop in SPY coincides with the real start of the VW squeeze around 10/2/08. Note the peak of the VW squeeze on 10/28/08. Note the SPY recovery occurring simultaneously with VW settling down post squeeze in Sept 2009. + +These things alone were enough to make me suppose a connection between the VW squeeze and the 2008 crash. But wait, there's more! + +##**Banks Went Up during 2008?!?**## + +That's right apes. Feast your eyes on this. + +[Suntrust (now Truist) vs SPY 2008 Crash](https://www.tradingview.com/x/3tmLkaTB/). + +What's happening with this medium-sized bank is Sept 2008? Why is a bank having a meme spike on 9/19/08, in the middle of the 2008 financial crisis when banks were in huge trouble? You will find this same "basket spike" across multiple smaller/regional banks (and regional bank ETFs), but the bigger the bank, the smaller the spike (mostly). It's even present in Wells Fargo, but NOT present for Goldman Sachs. + +So why, did regional banks have a basket spike on 9/19/08? Well, guess what happened one day before, on Sept. 18th: + +**SEC Announces Ban on Bank Short Selling** + +[See the SEC press release here](https://www.sec.gov/news/press/2008/2008-211.htm) + +You see, there were many rumors going around in 2008 that hedge funds were actively shorting US banks into the ground heading into the financial crisis. To stop this, the SEC banned short selling of bank stocks. The next day, we saw a meme spike of bank stocks, as well as some other usual sympathetic spikes like XRT, the retail ETF (which now contains GME). + +##**Bank Spike 9/19...What Day was the VW Squeeze Again???**## + +[VW Squeeze vs Bank Spike](https://www.tradingview.com/x/3ahWExgU/) + +The VW squeeze occurred T+27 or C+39 days after the the bank meme spike. This is remarkably close to our current FTD cycles. My friend and wrinkle ape @bobsmith808 says that Market Maker FTD's are T+2 and then C+35, and that ETF and Authorized Participant FTD's are T+4-5 and then C+35 after that. The VW squeeze splits the difference and occurs T+3 then C+35 after the bank meme spike. + +**THE VW SQUEEZE OCCURS T+3 THEN C+35 AFTER THE BANK MEME SPIKE** + +Do you realize the implications of this yet? The VW squeeze was triggered by the blow up of the bank shorts. + +But wait, I thought the VW squeeze was triggered by Porsche's announcement of their call options position the weekend before the squeeze? + +##**Porsche and VW: The True Story**## + +Well, it turns out, that it was pretty well known that Porsche held a ton of VW options before they made their weekend announcement. [This excellent paper](https://zero.sci-hub.se/4919/d7b5dbc2f70fa654775765be1976f4ff/godfrey2016.pdf) (see pg 5) discusses how Porsche reported profits of $3.5b euros from VW options in it's 2006-07 annual report, how **The Economist** reported 2 months before the squeeze that Porsche holding VW options was public knowledge, and how another author named Bredoux reported in Agence France Presse (and reprinted in Asia One) that it was common knowledge that Porsche owned VW options and that expiration approached banks would need to make sure they owned VW shares. + +Huh. But I thought all the shorts were surprised at the last minute by Porsche's announcement. Yet we have multiple financial press agencies around the globe, including the freaking Economist, reporting on it. It was in their freaking Annual Report filing for Pete's sake! You think the shorts didn't know? They could even gauge roughly how much Porsche held in calls by the amount of profit, going off the amount options may have appreciated in that time. + +##**THESIS**## + +**I submit that the evidence suggests that the VW squeeze was likely actually triggered by short sale FTD's from the 9/19 bank short spike caused by the SEC's short selling ban on 9/18, and that the fallout from this added to the already bad financial crisis, to the point that the crisis didn't end until the VW squeeze was over.** + +It certainly didn't help that Porsche had cornered all the shares, or that the US banks/hedge funds that had taken short positions in VW (helped along by Porsche's partner Maple Bank) were also fucked by their shitty housing market bets, but I think the VW short squeeze was a MUCH bigger problem for the 2008 global economy than we have been led to believe. This also explains why the bailout money had to go to Wall Street. If the problem was truly just underwater mortgages, they could've just bailed out the mortgages as Jon Stewart has repeatedly pointed out. But they couldn't because they needed the money to cover other underwater short positions too. + +Otherwise, why did the crash start the same dad as VW's initial pre-squeeze spike/sneeze? Why did the recovery begin the exact same day as VW's finished squeezing and settled down to baseline? Why did the VW squeeze coincide with largest drop in SPY? + +##**STAAAHHP MY BRAIN CAN'T TAKE ANY MORE!**## + +But wait...there's more. Some of you may remember [this post of mine discussing BRK acting as a leading indicator of GME](https://old.reddit.com/r/Superstonk/comments/rw79so/berkshire_hathaway_is_an_indicator_of_gme_spikes/) + +The important part of this post is [this graph here](https://imgur.com/ntCwQ26) + +Ever since around June 2021, GME and BRK have been oddly linked, with BRK seeming to mirror GME's movements on a wide time frame (not day to day or hour to hour). Looking closer, it's actually acting as a leading indicator, but see my other post for more on that. + +I am embarrassed to admit that it took me entirely too long to go check VW vs BRK. It should have occurred to me from day one. I have now done this, and I submit for your viewing pleasure: + +[BRK vs VW 2007-2008](https://www.tradingview.com/x/XmmArWkM/) + +A few important notes: + +* Starting roughly around 10/31/07, BRK started mirroring VW's movements, just as it does with GME. +* BRK.A volume goes up by an order of magnitude, from typical volume in the hundreds of shares per day, to thousands of shares per day. We are seeing the exact same volume behavior with BRK.A since the GME debacle started in Jan 2021. +* BRK.A also has a "meme spike" on 9/19/07, which might not be surprising as many financial institutions did. VW did also. I'd be willing to bet every "basket stock" at the time did (likely banks and car companies, which were both known to be targets of short sellers at the time). +* BRK.A drops as VW squeezes (off the chart because otherwise the scale makes it hard to see the mirroring in 2007-2008) +* BRK.A volume normalizes post-VW squeeze. + +##**P.S.**## + +Remember Maple Bank? The bank that backed Porsche's non-euro options purchases? They're defunct now. Guess who handled the bankruptcy of the German Maple Bank? The same guy who handled the Bankruptcy of the German branch of Lehman Brothers. What a coincidence. Wild. + +References: + +* [Detecting the Great Short Squeeze](https://zero.sci-hub.se/4919/d7b5dbc2f70fa654775765be1976f4ff/godfrey2016.pdf) +* [Market Efficiency and Limits to Arbitrage: Evidence from the VW Short Squeeze](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2977019) +* [Lehman Bankruptcy Trustee Handles Maple Bank](https://www-reuters-com.translate.goog/article/deutschland-maple-bank-idDEKCN0VL1KK?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp) +* [Some crazy german article](https://www-spiegel-de.translate.goog/wirtschaft/verfall-von-vw-optionen-porsche-droht-schwarzer-freitag-a-631120.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp) +* All sorts of other random press about the VW squeeze from NYT, WSJ and a million other places I can't even begin to parse, but most of this is from the above sources + +##**TL;DR**## + +VW was shorted all to fuck and likely played a larger role in the 2008 crash than we've been led to believe. Banks were being shorted all to hell and the SEC issued a ban on bank shorting, leading to a "bank meme/basket spike" the next day, and VW FTD's T+3+C35 later, just like we see now. BRK is also involved in both VW and GME somehow, probably through a swap/derivative. Burn it all down. + +Using technical tools I believed I can prove that shorts are in full desperation mode and are attacking the stock to an identical degree as when GME was below **10$**. There has been many good DDs and hypothesis on **how** they do it, now let me show you **why** they do it and how to spot it on the chart. + + +*Feel free to add any meaningful info to the conversation and debate me on anything, my goal isn't to farm karma or spread FUD but to add wrinkles. 🦍* + + +# .The trend is your friend + +&#x200B; + +GME ascending triangle is the current trend we are in, shorts have been attacking us heavily using the share offering as their entry point and have been relentless ever since. Their goal is simple ; break the bullish trendline and keep APES below **350.** + +*You can draw this triangle in many different ways, these lines are not the be-all and end-all.* + + +[Medium term trendline](https://preview.redd.it/m85rpxvmjzf71.png?width=536&format=png&auto=webp&s=1baa1b9ec9f3473938f5ce4f675700f2aa7fcb30) + +&#x200B; + +[Long term trendline](https://preview.redd.it/vrrfz1eqjzf71.png?width=705&format=png&auto=webp&s=67659688f862d56af9d1bd359cb5d48bf2bca87e) + + +This isn't as accurate but gives a good idea on how the floor and the ceiling keep rising ever so slightly, closing their window of opportunity each time. + + +[Trendline using mostly body close](https://preview.redd.it/4tkp1803kzf71.png?width=784&format=png&auto=webp&s=88a2317b07df07d1acc28ccaf073945e2512a56f) + + + + +[Textbook ascending triangle](https://preview.redd.it/bze836j6rzf71.png?width=914&format=png&auto=webp&s=946c803e48a02f0680b77d9977cd5cafaa60893d) + +# + +***Making higher lows and higher highs ever since Feb, we remain bullish on the most significant time frame***. + +# .RSI + +One of my favorite tool for **T.A very good at** spotting manipulation and divergence. + + +I believe this is where our journey began, **late summer of 2020**. At that time Hedgies were hammering **$GME** like there was no tommorow, + + +As we all know, **APES** barely managed to saved the company and the rest is history. + + +If you don't know how the RSI works you can just look at the red line, the last time GME was hammered this hard was back in June/July 2020 , right before things started to turn around. + + + + + +[RSI on the DAILY timeframe](https://preview.redd.it/jj9l2rxtjzf71.png?width=612&format=png&auto=webp&s=751fa0902da69fcf2035c9f8d94407df4d5129a4) + +This show us that *even though* hey are using every trick in the book, hedgies are losing the battle and are having a tougher time bringing down the price. **APES are HODLING and stop losses are a thing of the past.** + +[Hedgies hammering the stock, with less impact. ](https://preview.redd.it/jg6kfm9vjzf71.png?width=662&format=png&auto=webp&s=388e01087884e4aa66b1ccbbbd1a4be32597b7fe) + +Bullish divergence on the 4h timeframe, shown by the price action making lower lows and the RSI making higher lows . + + +Basically confirming that shorts might **finaly** be running out of steam, which would make alot of sense after attacking so viciously for the last two months. + +[Very obvious bullish divergence.](https://preview.redd.it/h987p70xjzf71.png?width=445&format=png&auto=webp&s=80890486235118de7f71a2ead692a47835846935) + +&#x200B; + +# .Volume + +My hypothesis regarding low volume hasn't change very much since my last DD but I still wanted to compare it to it's previous low, **July 2020** where things turned around for GME. This is not a coincidence people, they are using the same strategy right now that they were using when GME was about to get ~~executed.~~ + +&#x200B; + +[Recent volume candles](https://preview.redd.it/zci7v3u8kzf71.png?width=405&format=png&auto=webp&s=5a8f0e7af79037de4575a10f05ce7111ad105866) + +&#x200B; + +[Low volume before things started to ramp up last summer\/fall](https://preview.redd.it/j3uzo0h9kzf71.png?width=552&format=png&auto=webp&s=b0e997f42d7da426e89655c11e986e98723828a1) + + + + +Unfortunately for them, they can't keep shorting like this forever and as soon as the trend reverses significantly, normies will just jump in and FOMO like they always do, add on top of that shorts covering and the GAMMA ramp that long whales have been setting up for weeks and you get a + **HOLY MOLY** 🚀 + + +[So close, yet so far Kenny. ](https://preview.redd.it/84ho43ohkzf71.png?width=624&format=png&auto=webp&s=13ea99c8b82564315347927e7092ff3eadf7f9ed) + +# .RO DMI + +This is **R O C K Y O U T C R 0 P** DMI, a valuable tool for assessing price direction and strength. This is my favorite version of the Directional Movement Index. If you are not familiar with this indicator just follow along. + + +For the longest time, maybe years ?? shorts were in control and as you know they took it the price to a low of 2$. This is where we were a year ago, **2$!!!!. Think about how mind boggling this must be for them, they were ready to give GME it's final blow and we swept the rug from under them. APES were in control but recently something changed, agressive over the top shorting is back on the menu.** + + +Using the same illegal strategy they used a year ago to bring our beloved stock down to it's knees, they have managed to take back control of the stock as shown on the DMI. + + +[🐻 are going hard AF](https://preview.redd.it/c06j4nlokzf71.png?width=778&format=png&auto=webp&s=ca9c973299a8b8631e24b45657fc8b76c1939667) + + +They are using as much **ammo** right as they were on the previous horizontal red line around a year ago . This is confluent with what i've showed you previously on the **RSI.** Indicating that for the first time in a long time they feel like they must **act now** and show their hands. + + +[Green crayon vs red crayon](https://preview.redd.it/9z3pyk28lzf71.png?width=768&format=png&auto=webp&s=97d706b91fa0bb4f557b9aa337aa9b6fa7e6bcb3) + + + + +The ADX (blue/pink line) represents the strenght of a particular move, everytime it changes color it means the trend is either heating up (turns blue) or cooling down (turns pink) . We just got a signal that things are about to go nuts for the **better or worst**. We will either get a massive dip or big rip **but no sideway trading**. **So buckle up !** + + +***On the downside our next stop is 142$ and on the upside ( 155.50$ / 174$ )*** + +***''IF WE HIT 184$+ get ready for another rally*** +***If we drop to 136$ or below save up your ammo''*** + + +[Buckle the F up. 🦍](https://preview.redd.it/k0dxhfgclzf71.png?width=739&format=png&auto=webp&s=ad17d01969c5662d66f8e13805757798d03ef83e) + +When you zoom out this much it's pretty easy to see why they were attacking so hard lately. Their window of efficacy is closing out on them and if they didn't act GME fast was gonna retest **350$**. **They just bought themselves some more time, ANOTHER DAY !** + + +[🌈🐻](https://preview.redd.it/sgaudg4elzf71.png?width=761&format=png&auto=webp&s=547b581e37d8dade172cc33951a88f78f48b207d) + +On this *Fibonacci* we can see that APES have been crushing it by **HODLING** , never allowing the stock to touch the **.382. Raising the floor with every sucessful test, my guess is that we will continue to do sountil they are completly fucked.** + + +[No target, just up !](https://preview.redd.it/p8lz4qwelzf71.png?width=658&format=png&auto=webp&s=ecd4ee33e167f58bf5145e26cf3640689c0ea5c2) + +Keeping us below **500$** is crucial for our ennemies, just from a technical standpoint the next price point would be **2400**$, even the biggest hedge fund couldn't diamond hand that. Pretty sure they would implode way before this price point anyway, iniating the squeeze. + + +**GME never fails to rally once it hits 184$.** + + +[Even without MOASS GME is destined to hit 2K$ ](https://preview.redd.it/tzyauilflzf71.png?width=615&format=png&auto=webp&s=d3978f2695e5012a0983bcc5bb781b87a5279847) + +***TLDR ;*** +In conclusion I think it's pretty safe to assume that it's the end of the rope for them, maybe they have a little bit more as shown on the **DMI,** but who cares since the price is already wrong ? They are stuck between a rock and a hard place, drop it too low and it's fomo let it run and you're done. Just a matter of time before 🦍 are back in control. + + +***On the downside our next stop is 142$ and on the upside ( 155.50$ / 174$ )*** + + +***''IF WE HIT 187$+ get ready for another rally*** +***If we drop to 136$ or below save up your ammo''*** + + +Hope this confirms your bias and that everyone is having a great week-end, very much looking foward to next week. +Hi team, + +The number of meetings being set in my calendar has become absurd. My observation would be that the move to remote work seems to have slowly driven a rise in meetings for discussions that could easily be handled by one or two short emails. I am working Big4, so I appreciate I am experiencing one end of the corporate spectrum but I am interested if this community is experiencing the same? I also want to rant. + +I know that one of Bezos’ management principals for Amazon is that all meetings need to be accompanied by a thoughtful memorandum written in prose. To me, some of the meetings I am being forced into are at the other extreme - the organiser has hardly considered what they even want and the half hour or hour meeting is used for them just to get up to speed or to think about what they want. Extraordinarily unproductive in reality, but everyone will have blocked out calendars and appear ‘busy’. +I crashed my brand new car while driving for GrubHub into a tree trying to avoid a deer, progressive won’t cover because I had my insurance on the personal option, I have 2 broken ankles and a severe laceration to my knee cap , small crack on my spine and concussion, I won’t be able to walk till at least august and since I need screws on my ankles I won’t be running so soon, I can’t make any monthly payments to anything since I can’t work due to my condition , I own 37k to the bank for the car and my next payment is July third, I don’t have money and i don’t know what I am going to do with my life now, what options do I have ? + +Updated 1: I was able to get from Grubhub proof that I wasn’t working for them between 2:40 pm and the time of the accident, also shows that I didn’t get any grub hub contribution. +Hello, have seen lots of posts on people talking about renting, instead of buying. + +What I'd like to hear is from people who made this decision 20 - 30 years ago and how has this turned out for you in retirement age? + +Most posts I've read all talk about hypothetical scenario's, whilst we cannot predict the future, the past can be a great indictor what how you can control your future decisions. + +So keen to know: +- Did you decide to rent instead of buying in your younger days and invest what you would have spent on mortgage repayments? If so, how has it turned out? +- has the rent instead of buying turner out better for you and any regrets? +- why did you decide not to buy? +- keen to hear from people who are retired (or anyone that knows someone who retired) and are renting, how have you found this? + +Looking forward hearing about people who went through this decision 20-30 years ago! +I'm a beginner trader and mainly a scalper. Holding positions from 1-3 minutes long and only trading 1st hour of the day. I live in a different part of the world so that's how late I can stay up til. + +I've been finding really hard to grow my account with such a small account. I've been trading the SPY, TSLA, NVDA mostly. Entering with 1 contract only for risk management. I could go with cheaper stocks so that I can enter with multiple contracts but they are less volatile and contracts doesn't move as much. On top of that, I have to pay commission for my broker so it might not be worth it. + +With that said, any advice on how I can grow this account? Only way I can think of is accept my daily profit $20, $30 here and there and slowly build it up this way. +Hi all. I feel like I should pull the RE trigger, but I just need a little confidence booster first. + + +I'm late 30s, male, and work in tech. I make pretty good money from my day job, but most of my net worth has come from cryptocurrencies. I made my first million last year and then later in the year, hit a peak of about 50 million dollars (yay for extremely volatile asset classes). So this money has come basically out of nowhere and I'm not really sure how to handle it. + +&#x200B; + +In terms of net worth, this is what the numbers currently look like: +House is worth about 800k with 400k left on the mortgage +Savings/checkings account with 3 million +No debt besides the mortgage +Roughly 15 million in cryptocurrency (down from the 50mm peak; yay for extremely volatile asset classes) +401k/IRA about 800k +For a total net worth of close to 20 million + + +In terms of my job, I had been working at a company that I really enjoyed working at for close to ten years. It was a small tech company and they treated their employees fabulously. It was honestly a unicorn of a company and I would have stayed there for a long time regardless of what my financial situation looked like. Total compensation there was about 220k per year. + + +Then about three or four months ago, we got acquired by a much larger tech company. My base salary dropped to 200k, but they more than compensated for that with RSUs to where my total compensation is now at 390k per year (the majority of these rewards come at the one year mark). So that's a plus. + + +But the biggest minuses is that I hate the new job. If anyone knows what agile/scrum is, that's what we're doing. The amount of micromanaging and meetings and status updates I have to endure are brutal. At my previous company, I had to give my status once every two weeks and that was pretty much the only meetings I ever had. At this new company, I'm pretty stressed out that I'm not being productive enough and that my manager will be upset with me, even though she hasn't really said anything to that effect yet. What that means for me is that I'm working \*much\* more than I'm used to and not really enjoying it or feeling like I'm getting anything done. Combine that with the fact that half of the team is two time zones apart and a fair share of my days, I have to attend meetings until 7pm. + + +When I write it all out, it seems pretty obvious to me that I should quit. But is there anything I'm overlooking here? Do I just need more time to get used to this new job? +Now that the FANG stocks have dropped everyone is looking to buy on the dip. These FANG stocks are very large and have a history of success. But if history is a guide many of them may underperform for decades going forward. + +Remember INTEL, IBM, and CSCO? They were not the high-flying no-earnings [dot.com](https://dot.com) companies everyone remembers crashing in the 2000-2003 period. Instead, they were hugely successful companies that boomed in the 1980s and 1990s. Lots of revenue and profits. + +But they crashed in the early 2000s and never really came back as strong. **THEY ARE STILL AROUND** but have moved into tier two. An investment in these companies in 2000 will still give you a return significantly below a total stock market fund. + +Will Facebook, PayPal, Amazon, and Microsoft going forward follow the lead of CSCO, IBM, and Intel? +https://www.thetimes.co.uk/article/top-up-pension-pot-later-in-life-urge-economists-mjpnnlj3w + +Households should be encouraged by the government to put more money into their pension pots later in life once children have flown the nest, a think tank has recommended. + +The Institute for Fiscal Studies said that people should be nudged into increasing their retirement contributions as they age. + +It recommended that the government considers overhauling the system of automatic enrolment into workplace pensions to take ageing into account, so that retirement contributions increase as workers get older. The system could also be revamped so that pay rises trigger bigger pension contributions. + +Other policies suggested by the institute included nudging people into saving more into pensions once mortgages and student loans had been paid off and when children had left home. + +The think tank’s findings mark a departure from much of the advice that is typically given on pensions. The focus in the past has been to encourage the public to start contributing to a retirement scheme as early as possible, so their pots can enjoy the biggest boost from the effect of compound interest. This is when the interest on savings is reinvested and accumulates over time. + +The emphasis on saving early has been driven by concerns that the UK will be hit by a pensions time bomb in the future caused by the ageing population, which will leave people facing a shortfall in their pots at retirement. Yet the think tank said that there were benefits to focusing on saving later in life. + +Workers’ earnings typically rise with age and experience, leaving people with more spare income to put into a retirement pot in the latter stages of their careers. At the same time, household costs tend to fall as debts are cleared and children no longer require support. + +The institute suggested that a typical graduate with two children should aim to make about two thirds of their retirement scheme contributions after the age of 45. This would involve making 5 per cent contributions before children leave home, and afterwards increasing them to between 15 per cent and 25 per cent, according to the think tank, whose work has been funded by the Nuffield Foundation. + +Rowena Crawford, an associate director at the institute, said: “There are good reasons why individuals should not want to save a constant share of their earnings for retirement over their working life. This does not make automatic enrolment, with its default minimum contribution rate, a bad policy. + +“But as policymakers consider how to increase retirement saving further, focus should be on policies that increase retirement saving at the best time in people’s lives rather than just increasing saving irrespective of their circumstances. Default minimum employee contributions to workplace pensions that rise with age are an obvious option. A joined-up approach could also involve employee contributions rising when an individual’s student loan repayments come to an end.” + +A spokesman for the Department for Work and Pensions said: “Automatic enrolment has been an extraordinary success, with over ten million workers enrolled into a workplace pension to date and an additional £22.7 billion per year being saved compared with 2012 among eligible employees. + +“The government’s ambition for automatic enrolment will enable people to save more and start saving earlier by abolishing the lower earnings limit for contributions and reducing the age for being automatically enrolled to 18 in the mid-2020s.” +Per title, if you had spare dollars to allocate to just one Canadian FI to hold for the medium to long term,, which would it be? + +18 months ago my answer would have been TD, but TD has become more expensive since then. + +Looking forward to thoughts and discussion. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +All the discussion about the US Election will go here. Try to keep it focussed on the Markets people. This isn't /r/politics or /r/conservative. + +&#x200B; + +This Megathread will last until the Weekend, one side conceeds defeat or one side is ordered to lose by the US Supreme court and there is no rioting/major civil disturbance. + +&#x200B; + +A new thread will then be created if needed in event of Civil War/Major Unrest/Qanon Bombings/Alien Invasion/Meteor/Lizardmen Attack or whatever 2020 has ready for us. + +&#x200B; + +Note that due to time zone differences, results are very unlikely before late Wednesday evening. Given postal voting, results are not especially likely before the end of the week our time. +In the early days of crypto, it made perfect sense not to trust exchanges. Most exchanges were run by weebs out of their parents basements. Mt. Goxx wiped out a whole generation of potential crypto millionaires. There were no adults in the room. + +These days, there are reputable exchanges available. Coinbase isn’t going to exit scam when they’re publicly traded on the NASDAQ. You might get into trouble if you’re trading with 1000X leverage on Bitmex or buying AssCoin on Cryptopia2, but you can assess your own level of risk. + +We’re at the point where you hear way more stories about people getting robbed holding their own keys than you do losing their coins on exchanges. How much of this is user error? Probably most of it, but most people aren’t experts. Telling crypto beginners to get their coins off of exchanges ASAP is a great way to get them to lose it all and swear of crypto forever. + +I know crypto folks like to gatekeep and clown on people losing their coins in stupid ways, but if the dream is mass adoption, it’s not going to happen if it’s inaccessible to normies and hazardous to use. Reputable exchanges are the best case scenario for 90% of the population owning crypto. + +In 2021, there’s nothing wrong with keeping your coins on an exchange if it’s a reputable one. I get the whole freedom angle, but freedom comes with risks that most people aren’t ready for. +We must be over the target because the flak is now very heavy. Hedge funds have now called on congress and regulators citing 'fraud' and 'dangerous speculation' to change trading rules. The same rules hedge funds have used to punish investors and companies for decades. +Little hypocrites need punished!! + +If hedge funds are unhappy they have themselves to blame. + +We ride on!! Crush them!! +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! + +Apologies if this is a noob question. I am somewhat new to REI. + +I bought a rental SFH in Huntsville, AL earlier this year and had a tenant in the house after a month. + +Today my PM told me that tenants are interested in buying the house. I said I would consider it for the right price. + +&#x200B; + +If you were in my spot, how would you structure the deal to maximize profit? Is lease to own a good option? or should I just sell it for an appropriate amount of profit in a conventional sale? +Econ major here with a bit of free time this summer. I was wondering if there are any certifications or something that I should consider pursuing to make me more qualified or at least that I could list on my resume. I was thinking something to do with excel or data analysis but am open to other suggestions. +In my home country of Jamaica, we are realizing unprecedented economic growth. Over the past 5 years, economic growth has risen from a paltry 0.3% to over 3%. For us, this is unprecedented, and we are witnessing growth and revenue that hasn't been seen since we gained independence from Great Britain in 1962. + +Part of this growth has come from a rejuvenated finance sector, more specifically, our stock exchange. Nine years ago, the finance minister proposed 10 years of tax relief for companies that enter the Jamaican Stock Exchange. The first 5 years the companies are exempt from paying any corporate income tax, and the remaining 5 years the corporate tax is halved. Due to this policy, the JSX value has ballooned, and stock values are increasing in the thousandth percentile. Some companies in the manufacturing sector are using their additional earnings to to create new factories, and distribution channels. Exports in certain sectors have also seen growth in this period. + +My question is, what are the long term ramifications of such a policy, specifically pertaining to the massive loss of tax revenue that would be otherwise realized. Additionally, are we not depending on the altruism and good will of companies to reinvest into the economy? + +If more information is needed, please let me know and I will do the necessary follow up research. +Or less profitable than fair alternatives. + +I use the term corruption to also include private corruption and many forms of legally allowed practices that are considered corrupt by many fair participants in the economy. Dishonest use of some position of power may be an aproximative definition for moral corruption, if enough morally balanced participants actually care. +I'm curious if my understanding on this is even remotely correct: + +By reducing interest rates banks and other institutions can borrow more money for the same ongoing cost. With an increase in money available they're able to buy more stuff which create scarcity which leads to increased prices as people try to outbid each other for these things which decreases the value of money i.e. inflation. + +Corporations are using these lower cost loans to invest in their companies (good) or do things like buy back stocks (not so good, though I guess the people who sold their stock can reinvest elsewhere?). + +However there must be some sort of break between lower cost loans making corporations flush with cash and them making middle class more flush with cash (middle class being the bulk of the population). More production should make essentials cheaper leaving more money on hand and increasing inflation. So my suspicion is that it's a combination of stagnated wage growth over the last few decades and that that wage growth is first needed to create inflation, and that those who do have cash/the ability to take out loans primarily use it to buy houses instead of investing in other things. + +While house prices going up does lead to more being built, I suspect the economic growth here is smaller per dollar spent that in other industries as much of the money is swallowed up by illogical house price increases instead of new builds (illogical as in house prices go up faster than rent so the IRR is not very good). Most of that being driven by "mom and pop" investors investing in the only thing they "know": houses. + +Is this anywhere near what actual economists think? If not can someone point me towards their reasoning? +Question : I overheard the following statement in the lunchroom of the state legislature: “We should really consider adopting an inheritance tax. It is perfectly efficient (creating no deadweight loss) because it’s not like the tax is going to cause individuals to make different choices about when to die.” Evaluate this claim. + +My answer: It is true that there is no deadweight loss because the inheritors do not have an already established revenue stream and do nothing to earn that extra revenue it would be impossible to have deadweight loss on something you have no willingness to pay. Beneficiaries are going to take what they get regardless of the rate the tax is placed. Death as of right now is a certainty in life, so if the tax was at a range from 0 – 100% has no bearing on people’s behavior of dying. Finally, people will still accept this extra income regardless of the rate it is taxed. + +However, my teacher told me think of it from the perspective of the person who is dying. Is there deadweight loss I think it will cuase them to make descsions that are different but I am unsure regardless of loss. + +&#x200B; + +Thanks +I am 25 with a high risk tolerance and long time horizon. Looking for recommendations on aggressive ETF I could get into. + +Thanks in advance for any help. +This may not be the first time this is asked, may not be the last. But that doesn't mean that every time it creates an interesting exchange. +For as long as I can remember, my mind has been on 'saving' mode. Sometimes I forget that money can be spent, and that is not usually a healthy thing to happen. We should live in moderation and find a balance. But I know I am not the only one to sometimes lose it. I sometimes struggle between accepting the buying of 'stuff' as something acceptable - but I have fewer issues when eating out or taking an Uber Black instead of a normal one. +I am on my way to FIRE. Currently 33 yo with a SR of 66% and a NW of ca. 600k. At this rate it may be possible before I turn 40, but I'm not trying to fix a date. + + +I'd like to know, not how you 'splurge' but what you do/buy/allow yourselves in order to stay sane. I hope it's ok to ask this here! Thank you all! +TLDR: I used this method to **DRS X,XXX Traditional and XXX Roth IRA shares to ComputerShare**. I was able to Vote directly from ComputerShare and received my 4-1 share dividend promptly on 7/21 in ComputerShare in these accounts. This method utilizes a Non-Broker custodian and avoids any potential tax hit. That's right, No Tax Hit. There are other methods (LLC and distribution) but I prefer this method for my personal situation. + +**The key takeaway is that I used a custodian to DRS. My shares are not at the custodian now, they are with ComputerShare and Gamestop. They have been withdrawn from the DTC** (see screen shot below). + +GameStop said they appreciate efforts to get ComputerShare to provide IRA accounts, however ComputerShare is not a custodian. + +From the Share Holder meeting June 2, 2022, GameStop addressed one burning question we all have. Why won't ComputerShare offer IRA accounts so we can DRS those shares. The answer was simple "We appreciate the enthusiasm to DRS IRA shares with ComputerShare, but the transfer agent is not a custodian." + +So what I'm hearing is, the effort is appreciated, but we need a custodian to DRS IRA shares. Well here you go! + +**This is not financial advise, just my experience, and I'm zen af rn.** + +**Visual Guide followed by FAQ** + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/xjl484ko7pj91.png?width=771&format=png&auto=webp&s=16bd2a110a0d6b8a57e444991c852a667f917354) + +The overall steps are: + +&#x200B; + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of "your name" IRA. +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. +4. Once the accounts are created, you will **fund them via a standard Transfer request.** The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. +7. The **DRS Advise letter will contain two pieces of information you need** to create your ComputerShare account for your IRA shares: + 1. **Zip Code on file** (this will be your non-broker custodians zip code on the letter) + 2. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/yvcutwz78pj91.png?width=772&format=png&auto=webp&s=380e7fdddbdeece35aa4fe5893a8181b16309b5f) + +&#x200B; + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/l245h62b8pj91.png?width=600&format=png&auto=webp&s=1473bc45adcc3530282d7df94f3ff0b76814b3e1 + +10. Under Confirm your details, choose **Holder Account Number Option on Second Tab** (Don't choose Social Security Number (SSN) option). + +11. Enter your **Holder Account Number and Zip Code on file from the DRS Advise letter.** + +https://preview.redd.it/crlsdtlc8pj91.png?width=620&format=png&auto=webp&s=d4d8ba1fdd6845534db0566c99e3872b7fde0c93 + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares, I created a new one with IRA at the end), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code from ComputerShare**. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/2uhgt3ze8pj91.png?width=638&format=png&auto=webp&s=82206f9c7686285e3637f814b3cd3a575fbbdc19) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/d72ufbjg8pj91.png?width=609&format=png&auto=webp&s=ba251f27d1eaac9eab5f18a32be02f104b4da7e0 + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! Congrats, you made it! Now things to do: + +* Update your email preference in your Profile +* Manage your investment plan +* **VOTE**! - You can vote directly from ComputerShare! + +https://preview.redd.it/3bz7t6qk8pj91.png?width=1166&format=png&auto=webp&s=33dbaea95d8ebd765e4fd82b0218b6f448e94407 + +**IRA DRS FAQ:** + +Q: How long does the overall process take? + +A: 10-20 business days. Things will go much faster if you contact Mainstar in advance and ask them to DRS the shares as soon as they get them, and to scan and email you the DRS Advice letter plus the ComputerShare verification code you will need to activate your account. Follow up with them, they are very helpful. + +Q: How much does it cost? + +A: Mainstar is $110/per account/per year. So if you had a Roth an Traditional loaded with GME it would be a total of $220 per year. Complete info on fees ([https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY\_EdUkg/File/20220307095230-Fee%20Disclosure.pdf](https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY_EdUkg/File/20220307095230-Fee%20Disclosure.pdf)) + +Q: Why do I need to use a separate email if I already have a ComputerShare Account? + +A: You do not want IRA shares mixing with non retirement shares. That could be a distribution, I'm also not sure ComputerShare would even let you and that could delay your whole process. + +Q: Can I sell directly from ComputerShare? + +A: No you need to use Mainstars online system (Trust Reporter, you can setup after accounts are created) or call or email. They are still the financial custodian and need process the sale. + +Q: How long does it take to sell? + +A: It takes 3-5 days to transfer back to Mainstar. You could do this tax free in advance when ready to sell. From there you can make immediate market orders or limit orders. + +Q: What happens to my funds after I sell, do they go back into my IRA? + +A: Yes, money goes back into your IRA at Mainstar, maintaining its tax free or tax differed status. + +Q: Can I vote directly from ComputerShare? + +A: Yes you can vote directly in ComputerShare, Mainstar also forwards you any documents they receive. + +Q: Why Mainstar Trust? + +A: u/winebutch posted about their successful experience months ago. I decided to pull the trigger myself. Since then I've heard nothing but good experience from other apes that have followed this guide. Mainstar reps are extremely helpful and familiar with the IRA DRS process, especially for GME! They do not use Apex and when I asked Dr Trimbath on Twitter about IRA DRS she recommended to try a NON BROKER custodian and work with small businesses. + +&#x200B; + +Feel free to ask more questions and I'll research/update the FAQ as I go. The best way to get questions answered is to email/call Mainstar directly. Again, this is not financial advice. In fact, I strongly recommend to interview your own brokers and custodians, consult with your CPA, and consider your situation and what works best for you. My goal is to share my experience and what I have learned based on months of research and push back from brokers. Share knowledge and experience, be kind, be excellent to each other! + +&#x200B; + +Hope you enjoyed, SHOP, DRS, HODL, LFG! +Or is it better to use it as a retirement vehicle only? + +Edit: age and health seem to have a large bearing here. As a note, both myself and my spouse are under 25 with 2 children and one on the way. 401k, HSAs, and Roth IRA will be maxed. No taxable accounts. <$1k in medical expenses coming up, does that come from savings or HSA? +Now before I get called a mayonnaise slinging shill hear me out. + +This hasn't stopped me from buying, hodling and voting. This is simply a discussion I want to start to further harden our diamond hands 💎✊. + +For months now apes have been telling themselves to hold and expect nothing, prepare for everything. This includes putting all your faith in specific dates. I believe the veteran apes have already been tried and tested but for the new apes out there. 6/9 is NOT the MOASS date, just because people are hyped about the meeting doesn't mean it's when MOASS will start/happen. + +If you think for a second all your time and effort hinges on this date. You are playing yourself and I wouldn't be surprised if you become a paper hand. Remember to expect NOTHING. + +HODL 💎 + +Edit 1: Thanks for the awards! I actually didn't see a previous post (maybe 20-30 mins) older than this. + +Edit 2: I have seen a few comments saying this is fud. Sorry if it appears that way. But patience is key. + +Edit 3: thanks for all of the awards and comments guys and gals. I am lovin6the discussions going on below. + +Edit 4: a fellow ape brought up a similar topic yesterday on the daily https://www.reddit.com/r/Superstonk/comments/nr819f/gme_daily_discussion_june_03_2021/?utm_medium=android_app&utm_source=share a Yokashi-Monta, it's a different take on what would happen on 6/9 take the time to read it and come up with your own thoughts + +Edit 5: Got that dreaded message from reddit, been reported for 'suicidal thoughts'. Looks like I triggered a couple of man children. +>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 behemoth’s losses narrowed 42% to INR 1,704.01 Cr from INR 2,943.32 Cr in the same period. +> +>The company achieved this  on the back of lowering its expenses from INR 6,138.23 Cr in FY20 to INR 4,782.95 Cr in FY21, the company’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.  + +[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 don't mean you are happy because you want to buy them at a cheap price. I mean you genuinely dislike the company and are happy to see them plummeting. + +For me, it's Peloton. They have polluted our airwaves for long enough. They are cult-ish. I'm a relatively well-off guy, but even I found the extreme wealth displayed in their ads off-putting and would never consider buying their product because of it. Their instructors yelling "Great job, Peloton!" rang about as personalized as "Hey Pandora listener!" And this isn't even getting into the absurdity of spending that much money on a bike that just sits in a room. I'm a cyclist, and the product itself is offensive to me. + + +When a company paints itself as better than you for long enough, it's hard to not cheer a little as it drowns. +Hey everyone. Using a throwaway account as my friends know my real account and I'm not ready to share this yet. My wife had been battling cancer on and off for the past 6 years but it finally took her 2 months ago. We never really talked about her passing and arrangements or anything like that because her passing was a little unexpected. We thought she still had a few more months. I got a letter in the mail from Lincoln Finacial about 3 weeks ago asking for beneficiary information and her death certificate. I didn't know anything about a life insurance policy so I figured she must've had a basic plan through work. I called them first just to make sure it was legit and then sent them my info thinking it would be nice to get at least some money from all of this. About a week later I'm trying to buy groceries and my card kept getting declined, i get into my bank account to see what's up and see 233,000 had been added to my savings. I held it together as best as I could and called and got my card fixed and quickly went to my car to cry. This all happened on valentines day so I guess it was my wife's last big valentines day present to me. I did not expect this amount of money at all and I have no idea what to do with it. I called her employer later and found out she had taken out an optional life insurance plan rather than the basic and never mentioned it to anyone in her family. I feel like it would be best to invest it and not just let it sit in my bank but I don't know where to start. I have almost no debt and I rent a house from my parents so I don't have a mortgage. I'm just kind of beside myself right now. My parents use Edward Jones but I've heard not great things about them. Where should I start looking? + + +Edit: wow I didn't think this would get as big after going to bed. Thankyou everyone for your input. I feel more confident in what I might try. I'm just gonna sit on this for now and make sure everything else in my life is squared away because this is stressing me out more than I realized. Thanks again everyone. +Since the odds are highly stacked against individual stock picking (around 98%) underperform, and even top money managers/ investors struggle to outperform, why not just stick to indexing? +Good Morning Apes! + +Another day ahead of likely getting slammed by puts as put buyers continue to push their gamma slide downward and put sellers attempt to keep their sold puts OTM. Threading the needle between 110 and 100. + +[Options flow for yesterday](https://preview.redd.it/oo7dxoy0iuc81.png?width=854&format=png&auto=webp&s=60501859f2e7ba7ff4eab2104215aa3b7abc80ce) + +With LEAP expirations this Friday and large amounts of gamma exposure looming over "naked" call writers, it would not take a lot of volume to run us up into that exposure the question will be if institutions deem it work the risk knowing that the closure of puts this week will generate buy pressure anyway. + +Longs are still selling OTM puts shifting down to 80 and 90 while buying calls further out to capture the bounce back, this call buying is also pushing max pain down, all while applying pressure on those that are facilitating this drop to continue driving the price down. + +[Max Pain down to 125 today](https://preview.redd.it/3qisqoi0juc81.png?width=2097&format=png&auto=webp&s=cc2bd0a70f3f933371b8480d395ed00f26aa2ba0) + +Also I've been very focused on short volume T+x+35c days in the past an missed something interesting about short volume over the last two weeks. GME's short volume since Jan 5th has been consistently low (under 50%) which has happened before (usually before we have a strong upside move) but it is unusual for it to stagnate this way for long periods of time. This adds further credence to the case that this price suppression is artificial and driven by internalization and delta hedging of put contracts. + +https://preview.redd.it/bucvdagxkuc81.png?width=2124&format=png&auto=webp&s=360273df6e6c114e25a51a99a21ec3a25c1c642d + +[ ](https://preview.redd.it/6sqaeajcluc81.png?width=2117&format=png&auto=webp&s=0c9cbf6dc3904f11105324d7124937ef1d312e11) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +S&P did a big drop into close but we managed to hold the line after slipping through our resistance at 104 and bounced back to it a little bit in after hours. I think with more 110-112p coming in today they are gonna continue to hold the line into tomorrow. Literally riding their put wall into the ground possibly exercising them tomorrow to keep us in this channel. Thank you guys for tuning in, see you tomorrow. + +\- Gherkinit 💎✊ + +https://preview.redd.it/031hlh0xqwc81.png?width=729&format=png&auto=webp&s=b232ceda3caca4b59b9ac6100fbfdcd5362192f7 + +Edit 3 3:24 + +Heading back down with everything else towards that technical bottom one more time. Hopefully we hold the resistance on this third test though this one looks volume driven. + +https://preview.redd.it/f04ubefojwc81.png?width=1537&format=png&auto=webp&s=7d749785057ff872179a4d75aa1310eb8d73fe82 + +Edit 2 12:15 + +Just stabilizing below 110. Many of the 110 puts are still being held but the downward pressure is losing it's grip as we trade here, nearer their risk tolerance. I expected them to push bit harder to the downside to slip out of those positions instead of leaving them in place and eating the losses. + +https://preview.redd.it/airckmg3mvc81.png?width=1541&format=png&auto=webp&s=3d633fe9e649add4883b2a326a8dbba9fd5e0f38 + +Edit 10:12 + +Test of 115 out of the gate and a failure of the resistance it happened kind of suddenly, I wouldn't be surprised if they try to push it down to grab those puts at 110 before they let it keep moving up. + +https://preview.redd.it/bo4o1a710vc81.png?width=1545&format=png&auto=webp&s=61b1df80888f17badbec3852dfa192dfb8abb2c7 + +# Pre-Market Analysis + +Despite the massive drop in the market yesterday GME managed to actually maintain that technical low I called out Tuesday for a second time yesterday. Retail being incentivized at these low prices and long positions protecting their sold calls are keeping us range-bound, and just under the massive put positions at 110 and above. Many of those puts expire Friday and we may begin seeing some of them dropped today and tomorrow as theta really begins to crunch. Once that downward pressure starts lifting I expect we can see a move back towards max-pain. Maybe even beyond it. + +Volume: 11.58k + +Max-pain: $125 + +Shares to Borrow: + +IBKR - 85,000 @ 0.9 (rate up) + +Fidelity - 86,075 @ .75% + +[GME double bottom on 104.40](https://preview.redd.it/0abzakqemuc81.png?width=1545&format=png&auto=webp&s=d8429551cac178205068523f21f5276ff3dd1ab0) + +[GME pre-market 1m](https://preview.redd.it/njx8q76lmuc81.png?width=1541&format=png&auto=webp&s=f5cb32d757c0c88eb8f61e9c2d061b3e65ee0739) + +TTM Squeeze + +Another day of low average volume has turned off the fire signals on this indicator and dropped the lower Bollinger just outside the Keltner channel. This could quickly correct with some volume traded in a slightly higher price range. + +https://preview.redd.it/7itdpapzmuc81.png?width=2462&format=png&auto=webp&s=cfd482f0b13fdb0b1d1e8dafb2e1ed77f8fe0758 + +CV\_VWAP + +Arbitrage is relatively stable + +https://preview.redd.it/3biy8ueanuc81.png?width=2459&format=png&auto=webp&s=ce82171b70c37c5948d06e7b13374809df3609a3 + +MM FTDs + +https://preview.redd.it/jk167yd1ouc81.png?width=334&format=png&auto=webp&s=66245b117bc8b2b8c065fcd858a57c915252644f + +ETF FTDs + +https://preview.redd.it/thyla8rynuc81.png?width=375&format=png&auto=webp&s=9787d90932e692556980a307fc77d6aa9f8784ed + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +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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It just boosting the economy right? + +They also said they think the GDP will bounce back to a 5% gain in 2021. + +Why is all of this bad news? + +https://www.cnbc.com/2020/06/10/fed-meeting-decision-interest-rates.html +Guess what Lowe it is not a surprise to the rest of the World and I will give a hand: + +- Unemployment will keep rising +- People wont be spending more because they are full of debt +- Tax cuts wont do anything because money will go to paying more debt +- Don’t ask businesses to invest or hire more, they won’t do it and they will keep the tax cuts for themselves +- Banks around the World are reducing interest rates more aggressively and they are ahead of you + +Lowe, hope this helps smoothing your surprise and you can use this for your next speech +Nobody should take their homes "zestimate" seriously as there are way too many house and neighborhood variables to ever work out a complex computer algorithm like this. However they do have a valuable accumulating projection when grouped together via [Wisdom of the crowd](https://en.m.wikipedia.org/wiki/Wisdom_of_the_crowd). + +The year started out with some rosey projections from Zillow predicted that the Pandemic Housing Boom would see U.S. home prices boom another 17.8% between February 2022 and February 2023. + +Of course, just weeks later housing began to fizzle out. Each forecast since, Zillow slashed its 12-month home price outlook. In April, Zillow revised it down to 14.9%. In May, it was revised down to 11.6%. In July, it was revised down to 7.8%. In August, it was revised down to 2.4%. In September, it was revised down to 1.2%. + +However, this week Zillow finally stopped revising its 12-month outlook downward. Over the coming 12 months, Zillow now expects U.S. home values to rise 1.4%. + +I'm not sure what to make of all this and I can't take Zillow very seriously after their earlier predictions but it's interesting to see that last prediction uptick. Clearly they see some change in their data. +I personally think this paint looks awful but I don't know if the appraiser will care. + +Here is the link to the photos of my house. +https://imgur.com/a/9pDa4Gz + +My goal is to get as much money as possible from the refinance. I want at least 20% equity and I'm still trying to get a feel for how this works. + +The paint is in very good condition except for the basement stairs which are hidden (third picture). +Buying first home and my accountant told me that I should put as little down as possible and invest the rest is this the best strategy given that mortgage interest is deductible +https://www.nbcnews.com/health/health-news/billing-expert-investigated-husbands-er-bill-was-able-knock-thousands-rcna53683 + +*A skiing accident led to an emergency room visit — and an incorrect charge on the hospital bill.* + +*If Dr. Bhavin Shah was on his own, he said, he probably would have paid the bill for his broken arm. The 47-year-old physician from suburban Chicago incurred surprisingly steep charges after landing in an emergency room on New Year’s Day 2021. He’d hit an icy patch while skiing with his kids in Wisconsin.* + +*The $10,563.49 in initial ER charges from a Froedtert South hospital in Pleasant Prairie, Wisconsin, seemed high considering he basically got only an exam, X-rays, pain relief, and an arm splint. His insurer negotiated the cost down to $7,922.62 — but, with Shah owing $250 for his deductiblr and 40% of the remaining charges, his bill of $3,319.05 still felt like too much. However, he thought, who was he to question the hospital’s billing department?* + +*Shah’s wife, on the other hand, is highly qualified to question such charges. Sunita Kalsariya, 45, is the office manager of her husband’s medical practice, a job that includes overseeing billing. She took one look at the hospital charges and decided to investigate further.* + +*Kalsariya had no way of knowing then that she was embarking on a crusade that would take over a year, send their bill to debt collections, lead her to complain to the Illinois attorney general, and discover that the hospital charged nearly $7,000 for a procedure that was never performed.* + +This article talks about how difficult it was for a person who is *extremely well versed in medical billing and coding* to dispute a medical bill. Imagine how difficult it is for lay people. + +I can already hear them saying that "well sir, splinting *is* treatment of an injury" and then hanging up before one could respond. +Hi ukpf, + +I’m not sure if this is the right place for this kind of post so please redirect me otherwise. + +But does anyone ever feel so demotivated about their own financial progress when looking at others. It annoys me because usually I don’t care what others have and I don’t have the desire to be better than anyone else, but I’ve spent the last year saving £10k (not a lot to some but it’s a really big amount for me) and then I see my peers buying or financing brand new cars or my partner will get given huge amount of money from her parents. Just makes me feel that, in perspective, was it worth living really frugally to save that money. + +Okay, rant over. Does anyone have any suggestions to overcome this feeling? Books? YouTube? Films? Etc + +Thanks +I feel like a cheat because I did have money in the bank but it is money I need to pay my car insurance next month and if I spend it I won’t be able to save enough in time. Actually, the food bank I used does huge hampers for $50, so I did actually use some of it to get food. I also had to buy a new battery for my car yesterday as it wouldn’t start. Now I have just enough to pay the insurance I hope. + +Food costs are astronomical here in regional Australia and while wages are generally good, we are a fairly low income family with a 7 year old child. I manage bills by paying them each fortnight (or putting money aside each fortnight) but my husbands pay can go up or down by about $400 depending on how many hours and penalty rates he gets. Sometimes after rent and bills there’s no money for food and now we have credit card debt. + +EDIT thank you to all the wonderful people who’ve made me feel better about my choice. I will look into volunteering with them, I volunteer at an op shop (a thrift shop) as well. Hopefully that kinda balances out my karma a little. +Like the title says. I put off doing this last year because of how terrified I was to owe tens of thousands to the government. Edit- haven't filed since 2013. So I'm filing for 2014, 15, and 16 now. +Edward Snowden's tweet on Coinbase's superbowl Ad is a reality check for Crypto exchanges, how they do business. + +Tweet +>Coinbase spending $16,000,000 on a Superbowl Ad to direct people to their website and $0 to make sure that website doesn't crash 10 seconds after the ad starts is do very internet + + +Exchanges are willingly spending huge lot of money on their marketing and all,but they don't want to spend a dollar to make sure their customer gets the best service.All they want is new customers. + +It's not just one exchange, most of the Crypto exchanges are doing the same.If they will spend even half of the marketing money to improve their customer service, improve their website,to give customers best experience they might get more customers. +Hello fellow IndiaInvestment Redditors, +I just received an email & SMS from NSDL on margin pledge initiated by my Broker / DP on my behalf. That too on a Saturday (3rd Oct, 8:03pm) when Friday was a trading Holiday (2nd Oct). + +Do you think: + +* Is my stock broker involving in illegal activities (like Karvy) or +* do you think my account is hacked or +* do you think this is just phishing. +* it's just routine, I don't need to do anything. + +NSDL says that I am requested to take action. I don't trade in futures or options. I have a very small portfolio of shares which I purchased long time ago (15 years ago). Don't do any trading with this account. So it's not my action. + +Here's my email with links & account numbers removed: + + +>Dear **<Correct Name>**, +> +>\\n +> +>Greetings from NSDL !!! +> +>\\n +> +>Dear Demat A/c holder, you are requested to take action on the margin pledge request initiated by your Broker/DP on your behalf for your demat account number **<Correct Number with few digits hidden>**.\\n +> +>\[Click here\] to get more details. +> +>\\nRegards, +> +>\\nNational Securities Depository Limited ([www.nsdl.co.in](https://www.nsdl.co.in) ) +> +>\\n +> +> +> +>Disclaimer: The information contained herein is confidential and is intended solely for the addressee(s). If you have erroneously received this message, please immediately delete it and notify at [NSDL-helpdesk@nsdl.co.in](mailto:NSDL-helpdesk@nsdl.co.in). You must not directly or indirectly, use, disclose, distribute, print, or copy any part of this message. +> +>\\n +> +> +> +>Note: This is an auto generated email, Please do not reply. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +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). +DD has been done though I appreciate the mass movement of DRS through CS is enormous and outweighs the DD already completely. I believe that’s why there are skeptics. + +SHF want to divide and conquer. Do not give them that chance. Together we are ape strong. + +God speed you beautiful bastards. +I'm thinking a high risk strategy involving VIX and Metals ETFs and would like to get feedback on something I found. Alternatives could also be like shorting cryptocurrencies / trading with their futures contracts or outright buying 3X leveraged VIX ETFs. + +Any thoughts? Anyone try something similar? + +&#x200B; + +Edit: Forgot Idea Link: [https://www.intelauthentic.com/vix-strategy-analysis](https://www.intelauthentic.com/vix-strategy-analysis) +My mortgage is currently $2000 a month and similar properties are renting for around $2400 a month. With HOA, I stand to net around $300 a month on my property. + +I know profits are going to vary for every property but as a first time “land lord”, I’m trying to understand if this is sufficient. I know a management company would further eat away at those profits but it might be required if I move out of state. + +Would you guys go in on a property if it only netted you $300 a month? Is the pain with the little margins ? +Be sure to read this, you will be HAPPY you did - VeChain + +Guys, +First let me say that I own VeChain, but this post is way beyond my personal investment but instead I’d like to provide a fresh look into why VeChain as we the best investments in Blockchain technology for years to come. +The market today is all about FOMO and hype, and that’s absolutely fine, the market can continue and increase in total Cap for years to come, but eventually the blockchain and its related tokens will need serious adoption to utilize and incentivise each project. +Many of the amazing projects with super high valuation (i.e.: IOTA, EOS…) are just speculation and it may be that they can deliver and all will be well. + + +However, VeChain is VERY different, as explained by Sunny Lu, the CEO of VeChain. + +VeChain is building business relations FIRST and letting its customers dictate the path forward. +With already agreements in place with the Chinese national Govt as well as many other multi billion dollar companies: + +=============================== + +Hubei Sanxin Cultural Media Ltd. + +BitOcean + +Healthcare Co. Ltd + +Xiamen Innov Information Technology Co Ltd + +A Global Convenience Store Franchise + +Looking Into Who Is Jiangsu Printed Electronics + +VeChain teams up with Madeforgoods | CN press release + +VeChain affirms partnership with China Unicom + +Global strategic cooperation with DNV GL + +Groupe Renault teams with Microsoft and... + +World’s Largest Freight Company to Use Blockchain Tech for Asset Management + +PwC CN: VeChain S.E.A. becomes a portfolio company of PwC’s incubation... + +Babyghost and VeChain: Fashion on the Blockchain - Nasdaq.com + +China’s Largest Wine Importer Wants to Place Wine on a Private Blockchain + +Bright Fishery (officially announced in weekly report vol.6) + +And many more with signed NDAs (BMW rumered and more…) + +VeChain is positioning itself to be in high demand and usage for years to come. + +VeChain is re-banding itself as VET VeChain/Thor (instead of just VEN) and will deliver a revolutionary new Blockchain-X in Q2 of 2018. With +the rebranding they announced a passive income system through proof of stake which is bound to create generous returns for anyone holding 10K of VET or more. + + +=============================== + +What I think many people are missing is the fact that even if the entire Crypto market crashed (which I don’t see happening at 700B which is still low), the VeChain/Thor will thrive due to the need for its technology and business partners which will adopt the technology in 2018. +So when you are investing in VeChain, you are getting a double reward. If the Crypto market doubles in total Cap, you VET will be worth substentilaly more, but even the market has peaked, the fact that the VeChain ECO system will thrive (and it is a fact IMHO due to the many business relationships) your VET will create a very high ROI. VeChain is exceeding all expectations when it comes to its enterprise market penetration and we are all in January (testnet will be released Q2 of 2018). + +=============================== + + +The investment world is taking notice as Breyercapital and other investment firms are adding VeChain to its very limited blockchain profolio. +So I know what you must be thinking, well it all sounds nice and well, so why did VeChain only go up 10x in past month and not 100x. +Well the answer is simply (and I got proof). Whales (many of them Chinese) are well aware that VeChain will be a top player in the crypto work and are trying to gain as many VET as they can before the tokens gets up really high in value. And so market manipulation is happening in unprecedented fashion (never seen anything like it in any other coin) and high sell walls and +continues re-buys to force the price to remain low so they can accumulate. +Here is a proof: https://www.dropbox.com/s/8k6w5cen3ryu2yt/Chart.png?dl=0 +Whales are trying to get enough VET so they own a Mjolnir master node which can pay close to 1,000,000.00 a year if and when the price of VET gets to $25.00 +See here: https://www.dropbox.com/s/bfgixylquemgtby/VET.jpg?dl=0 + +=============================== + +I honestly believe the price will climb well above $100 USD before Q2 2018 as VeChain is a game changing blockchain company in its approach to business relations first and adoption second. +This is giving everyone an opportunity to get in now before the Whales stop price manipulation (eventually they will stop since they have accumulated enough and wish to the price climb themselves). I honestly believe this is a once in a lifetime opportunity and this is the reason for my first real post in Reddit Blockchain (all my other posts are on programming Google Angular :) +Now let me prove to you that the writing is on the wall. + + + +This morning the market crashed +20% and yet you can see that ONLY VeChain is maintaining it’s price, that is because the Whales auto orders are buying everything they can below and above a certain price. As you can see from my snapshot from 8AM this morning: +https://www.dropbox.com/s/2aeki6xbwdwjt75/Market.JPG?dl=0 +I know many of you think that if you buy into VeChain now you are getting it at its all time high, but in a year you will look back at its current market Cap of 1.5B and you will be amazed at how undervalue it has been (this is my personal opinion and not financial advice). +Now don’t take my word for it, always do your own research. +I do highly recommend you watch the very popular Boxmining video on VeChain: +https://www.youtube.com/watch?v=wH2G_44x4vw&t=767s +as well as: +https://www.youtube.com/watch?v=42_YmVGs5MA&t=300s + + +=============================== + +and most importantly the VeChain THOR Power Forged AMA: +https://www.youtube.com/watch?v=IWoEsBQFozM +The opportunity here is mind boggling and while it goes without saying that I have a VET and would like to see it rise in price, I am sure this single post is not going to make even a small dent in its high volume trading and so I am not posting this for my own benefit but instead to open everyone’s eyes to this amazing opportunity. I am an Angular developer and I spend hundreds of hours developing open source code which is posted on GitHub for the benefit of the Angular community and so I am used to giving back (you can see my Reddit ratings and post history of years). It’s just the first time I am doing the same for the Crypto community, + +=============================== + +Happy new year and good luck, + + +Sean. + +My wife and I talked and we agreed to sell our $600k house with a $3700/month mortgage and taxes. We are going to move into her grandmothers house for about $500/month and pay off med student loans and a car. Then actually save cash to buy a lot and build a much more cost effective house. Crazy part is we have only been in our house about a year. + +We currently have about $130k medical school debt and about $30k debt from a car and a credit card while we were in fellowship. It’s amazing how fast that debt snowball builds. + +I hope to see you guys on the other side. + + +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! + +My parents bought a house in 1978 for $35k (inflation adjusted that's $135k in today's dollars). Now, 40 years later, they are moving states and looking to sell. The sale price estimates they are getting? $80k to $100k. + +The house is in Oklahoma City, which is growing but where land is basically free so the city just expands outwards, constantly creating nice, new neighborhoods on the outskirts. But the state refuses to invest in anything (taxes are of the devil, you see), so those areas have to watch their schools and infrastructure slowly decay until the lovely neighborhood they raised their kids in turns into yet another ghetto where no one wants to buy. Buyers instead flock to the nice new homes in the outskirts and the cycle continues. + +In 1978 my parents decided to be closer to my father's family in OK rather than my mother's family in CA, and 40 years later that decision is costing them hundreds of thousands of dollars at the very least. + +I suppose there are multiple lessons to be learned, but with so many people here posting confidently about how much their real estate will increase in value, I wanted to throw out a counterexample. It *is* a gamble. Don't count on it completely when making your FI plans. Time in the market may be a cure-all for index funds to counter dips, but the same isn't true for real estate. + +(Another lesson to be learned is that Oklahoma is a shithole not meant for human habitation, a cultural, ecological, and economic wasteland, but that's not very on topic for FI and most of y'all probably already knew that.) +I'm a 36 yo specialist surgeon, 2 years into practice, and just starting the FIRE process. As with any physician, I'm burdened by a late start and student loan debt. I live in a VHCOL area, with a wife who is just finishing her professional training and a baby. + +&#x200B; + +Here are my numbers: + +Income: My 2019/2020 salary has been $400-500k/yr, starting from 2021, my base will be $637,500/yr, plus a future annual performance bonus that ranges from $250k-$700k (based on production in prior years). There is a partnership track I am on, realistically will take about 10 years to achieve. + +My wife will be starting a job soon (part time) and should be bringing in about $100-150k annually. We paid off about $150,000 in debt aggressively (credit card debt, student loans, personal loans) within the first year or so of my work. + +Assets: + +Savings: \~$90,000 + +Retirement (401k): \~$80,000, maxed out personal contribution with 3% profit sharing from practice + +Taxable investments: \~$53,000, contributing about $5,000 monthly + +Ownership shares in a Surgical Center: $90,000, will translate to distributions in hopefully 3 years + +Total NW: $310k/\~$140k liquid + +Debt: + +Rent - $3k/mo + +Childcare - 0 for now, but will be probably 2k monthly when my wife starts working + +Insurances (disability/term life/auto/home) - $1.5k/mo + +Cars - $650/mo lease, another 5yo car paid off + +Other bills (utilities, personal use) - $1-2k/mo + +Combined student loan debt: $450,000, paying off $7k monthly at least, plan on having this paid off by 2027. + +&#x200B; + +Although, at this point, it's hard to imagine retiring early, I do want to make steps, aside from increasing my annual income, to grow my net worth aggressively. + +&#x200B; + +I do plan on purchasing a house in the near future (1-2 years), probably in the 1-1.5mil range. I would like to diversify my investments in physical real estate as well, both residential and commercial/medical. + +&#x200B; + +What other early action steps are important to take? Other tax-advantaged account options? Considerations for the future of my baby? +Michael Burry is the latest investor to reveal a bet against the ETF, according to Scion Asset Management's second-quarter 13F filing. Burry initiated the new position by buying $31 million worth of puts in the ARKK ETF. + +Burry's not the only one, as the Disruptive Innovation ETF has a 30-day put-to-call ratio of 1.8, meaning more people are buying bearish put options on the fund than bullish call options. + +Other investors are outright shorting shares of the ETF, with short interest currently sitting at a record high 11.63%, according to data from Koyfin. With 21.58 million shares sold short as of Friday, the bet against ARK Invest's Disruptive Innovation ETF now totals $2.6 billion. + +Burry's bet against ARK is likely tied to his conviction that Tesla is a short, given that Scion Asset Management's largest position is a $731 million put position in the electric vehicle manufacturer, representing a whopping 35% of his fund's more than $2 billion in assets under management. Burry increased his bet against Tesla by 34% in the second-quarter. + +Tesla remains Ark Invests largest position by a significant margin, with it making up nearly 11% of the ARKK ETF as of Friday. + +The ARKK ETF is down 7% year-to-date, but up 38% over the past year. The ETF was down about 3% on Monday. + +Who's side are you on? +**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: + +💻ComputerShared💯🦍 + +&#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** +So, here we are in the endgame and quite possibly the most horrific curve ball has been thrown. A man has lost his life in tragic and mysterious circumstances and my thoughts are with his loved ones. This is the first thing that needs to be said. + +But now as the mainstream media stories are released we can see the obvious play. They’re gonna try and take out RC with the dirtiest of smear campaigns. This is their game. He’s about to be implicated in the death of BBBY’s CFO by the scum media. They may even get him indicted and sidelined. This is their grand plan. Take RC out of the game by destroying his reputation and hope the apes will all sell and run away. + +I don’t think so! + +The only thing that’ll blow the lid off this now is the absolute inevitability of MOASS. + +Our enemies are terrified. + +Your resolve is absolutely critical now. + +I will now buy GME continuously and DRS it until I’m either broke or a billionaire. We are all individual investors so I’ll never tell you what to do. But to me It’s not even about the money any more. It’s about exposing the foul underbelly of the US stock market and its media scum shills, then laying a biblical level of waste to all of them. + +EDIT: Well this blew up way more than I imagined. Thanks for all the upvotes and awards. I’m by no means a prolific poster, so I’m glad that my late night whisky fuelled musings have struck something of a chord. Hell I’ve even triggered a small army of meltdowners and haters in my DMs. I’m touched. Really. + +PS. I won’t use the word “endgame” again. 😘 +This is how it plays out everytime. FUD and drama and then a fake sell off. The goal is all x, xx, xxx, xxxx, xxxxx holders to sell on emotion. I know the dd and you know the dd. Do not fall for the fuckery. Hold and buy the shit out of the dip. Hedgies r fuk and I like the stock. + +Edit: Some have accused me of encouraging day trading. I absolutely do not encourage day trading of GME. You will make way more tendies buying and holding. Many of our amazing DD authors are day traders but refuse to day trade GME because 1. You hurt the squeeze. 2. You might miss the squeeze. + + +Edit 2:. I do not believe the drama on this sub is the cause of a potential drop. This is correlation, not causation. Short attacks will be the cause of any big drop with the same usual goal of getting diamond hands to paper hand. I believe it is part of an orchestrated attempt at spreading fear, uncertainty, doubt. It's been a long time since I have visited traditional stock message boards but I imagine the FUD is stronger than usual. If there is a big drop we will also see MSM coordination with fud articles. "GME down huge as Redditors fight and sell". Fuckery will get worse and worse the closer we get. If we didn't have Wall Street by the balls, they wouldn't care about us. + +Edit 3: Not financial advice. I am an individual who likes the stock. +Hello all! + +I'm a long-time lurker of this sub and definitely wouldn't have imagined this being my first post here. What first drew me to this sub was the educational value that it provided to new options traders. I have discovered a lot of surprisingly sound analysis, discussion, and feedback here regarding options strategies centered around time decay. + +In my view, the explosion in popularity over at wsb has clearly trickled over to r/thetagang. I have absolutely noticed a lot more subpar posts since the GME craze, varying from misinformed guides, low-quality question threads, and worst of all, memes... All of these can be currently found near the top of this sub, and I fear they may be weighing down some of the awesome content that makes this place great. + +Like I said, I haven't been a contributor to this sub so I cannot truly complain if the standard of quality here begins to change. However, I think a few simple fixes may help this sub return to its original direction which IMO would be much more beneficial to newcomers (most of which are simply looking for a nice trading community). + +Perhaps creating a stickied noob question thread or more strictly moderating questions that are already answered in the wiki could help limit question threads to those that are more deserving of insightful discussion. Or carefully monitor the types of "simple guides" posted to ensure there aren't any that do more harm than good. Even limiting the posting of memes (*if we must have them*) to weekends only. + +Very curious to see everyone's thoughts on this and if you disagree with me, I'm happy to hear why! +Is it okay to start out trading with options and theta strategies? + +My gut says yes because, after trying swing trading, day trading, and just newbie buying whatever 2 years ago, I’ve found theta and I make consistent, almost regular returns. To me, theta strategies are easier and more logical than more traditional trading strategies. + +Let me clarify my son is an adult. He doesn’t have my background in finance, but he does have a very strong mathematical mind with a tendency to see patterns. I think he’ll do well. + +(And if he doesn’t, he’s still my kid. I just think this would help him like it’s helped me.) +One of my friends (who is a broker) came to me with a portfolio of KFC/Starbucks locations to sell and the math is pretty interesting (\~15% return from rent collected locked in for 20 years) + +Thinking about buying a a couple KFC/Starbucks in 2nd tier cities up and coming cities (think Charlotte, Jacksonville, etc). + +Haven't bought a KFC/Starbucks before so how do i get started?? Need help.....has anyone done these before?? + +Math for triple net leases on these properties is pretty simple - KFC/Starbucks locations are triple net lease (so the tenant pays for everything - running the place, real estate tax, insurance, electricity, maintenance capital expenditures, etc. etc. triple net) + +KFC's I've been looking at are around $1 million, which will be paying around $65k a year in rent. I can mortgage 80% of it at 4%; so end up paying $32k in interest. I pony up around $200k and collect $33k a year ($65k - $32k in interest) so around a 16-17% return. The rental contract is for 20 years.... +If you think our adversaries are happy about the price being down at $20 you’re wrong. By this point in the saga they’ve successfully brainwashed the populace enough that there’s hardly anybody new left to invest in GME. It’s about 250k apes vs. the cabal we’ve all learned so much about over the last two years and that’s it. + +When it finally starts running for real we’ll have a bunch of fomo participants who have been sitting on the sidelines jump in, but I suspect the enemy will manufacture it to make it near impossible to buy during that period. It won’t technically be position close only from major brokers but it will be pop up messages saying ‘in order to buy this highly volatile security you’ve got to call in’. Wait times will be purposefully insanely long and few if any people will be able to buy. + +So this is it in my opinion, the current participants, long and short, are it when it comes to the GME play. And they know we’re not scared of the dip, that we embrace it. They’ve smashed the price four or five times now since the first rug pull during the sneeze, and they had front row seats due to being in control of the order routing to see that apes just ain’t selling. + +But put yourself in their shoes for a second. What other play is there when your back is finally and truly against the wall than to smash the price down to ridiculous lows? They know we’re not selling at $50, $100, $250, and so on. And everything points to their whole game collapsing due to margin requirements if the price were to run up to even $100. + +They couldn’t leave the price where it was in the mid to high 20s because while it was boring price action over the last four months we all kept buying and direct registering anyway. + +So if they left it in those mid to high 20s that would indeed be going out with a whimper as shares outstanding were all slowly but surely registered up until their breaking point. + +Going out with a whimper is not in the enemy’s psychology. These are psychopaths who have always gotten their way, who use fear and intimidation as their sword and shield. The current situation is unfathomable to them, the last two years is unfathomable to them. It’s fair to say they’ve never encountered something like this, where their trusty, relied upon tools of manipulation, fear, control, and intimidation fall upon deaf ears. + +I say to all of you who are short GME or colluding with those short GME, I will never sell. Never. There’s nothing you can do to change my mind. Get this sub taken down on false pretenses, have your slaves in MSM write more of your lies, smash the price down as low as you want. I’m going to keep buying, holding, and putting my shares in DRS book no matter what and I know beyond any doubt that there are at least 250k investors who will do the same until the job is done. +**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, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 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. + +**Edit 8 4:01PM:** + +Ending at 158.53, down 3.55%. Watching grass grow has been more interesting that the stock today :P. Volume is extremely, potentially we are almost ready to breakout? I certainly hope so! + +Just a reminder that I will be taking a leave of absence for a while. I will miss you all! + +**Edit 7 3:50PM:** + +Slight increase in volume, but the stock isn't moving much. Edging up a bit above VWAP. + +**Edit 6 3:01PM:** + +Sleepy hour: + +[https://www.youtube.com/watch?v=ak59txSsIRo&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ak59txSsIRo&ab_channel=WardenElite) + +**Edit 5 1:14PM:** + +Watching this stock is like watching paint dry :P + +**Edit 4 11:11AM:** + +Stock edging lower towards the 152.5 support. + +**Edit 3 10:09AM:** + +Tangling below VWAP. Nothing too interesting is happening. + +https://preview.redd.it/6nwsmlyv5cu61.png?width=2139&format=png&auto=webp&s=3121d13de31b9470b19e184109af1d5d78210259 + +**Edit 2 9:48AM:** + +Stock is sagging down on low volume. Nothing too interesting. Possible support at 158.5. + +**Edit 1 9:32AM:** + +180k first minute volume. Pretty low. Seems the stock is drying up once again. + +# Begin Reading Here + +Gooooooood morning my fellow apes! + +The magical date has arrived. 4/20 blaze it everyone :) + +https://preview.redd.it/2ravs60xwbu61.png?width=1500&format=png&auto=webp&s=c9c10b1d1feb1b54f032e61544423842b391c0ed + +**A quick announcement about my plans.** I have finals coming up very soon, so I'm beginning to cram everything I procrastinated for the past 3 months in a couple of weeks. I have not shown up to class for literally 3 months LOL. They call me the cram master ;). After today, I will be taking a leave of absence from Reddit and YouTube to prepare for my finals. + +Should the MOASS start, I will hop back onto YouTube and stream the MOASS. I have decided I will not do a live charting style post, but rather a trading recap post at the end of the day. Between Reddit, YouTube, and managing my own position and following my exit strategy, it will be really hard to focus, so I'll just post a link to my stream on Reddit, and post daily trading recaps during the MOASS days. + +I will miss you guys while I am gone, and I'd like everyone to know that I am as bullish as ever on this stock. Hold strong and believe in the end game, because nothing has changed! + +Stream: [https://www.youtube.com/watch?v=IO7HATUaO\_k&ab\_channel=WardenElite](https://www.youtube.com/watch?v=IO7HATUaO_k&ab_channel=WardenElite) + +# Premarket Analysis + +Fade up premarket. We were straight up trading like a penny stock after hours yesterday. Has liquidity dried up? + +https://preview.redd.it/rvz2kuhcxbu61.png?width=2137&format=png&auto=webp&s=bd3cea707063eb5f271daf376fa023e1acb36107 + +Yeah, that was less than a week ago. Everyone needs to chill. Good things take time. Panic selling is the quickest way to lose all your money. Hold, accumulate and be patient. NOT FINANCIAL ADVICE, just my opinion. + +Let bitcoin build a base floor and consolidate, it will only give it more power when taking off next spike up. Every market has good and bad weeks, it does not mean it won’t reach a new all-time high tomorrow, next week or next month. + +For all the newbs out there, if you can’t handle seeing your portfolio drop 50% to 80% in hours, you should rethink your investments before you lose all your hair. This is what crypto does, and it goes both ways. + +I’ve been through multiple cycles and if there’s one thing I’ve learned, it’s that every time there’s a nice decline in price, the media/ retail investors think the world is coming to an end, only to contradict themselves the second it goes back up. + +Market manipulation is a real thing. Not everything you hear or read in articles is true. + +Think long term + +We are good people, PATIENCE IS KEY + + +'nough said there is the title people. There is prob a ton of people apes voting today with Fidelity. Keep the sub clean. Don't flood the place with YAY I VOTED! bullshit all day. It's fucking awesome we get to vote today, but this could get out of hand. + +Don't be fucktards, be retards and stay strong. + +See you on the moon 🚀🚀🚀🚀🚀🚀 + +BLIPTY A BLU BLOP I NEED 250 CHARACTERS TO POST SO IM YELLING HERE. +I live in Ohio. I was a bus driver for over 10 years, meaning I had my CDL to drive buses. I had one stupid night and got a DUI. My life has literally been circling the toilet since. I lost my license for a year, but got my car license back in 6 months by using a breath interlock. I got my CDL back last month. + + + + +In the year time span since my DUI, I had to resign from my job (can't drive a bus without a CDL), went unemployed for over 7 months, and attended a diesel technician course to try and improve my job prospects in the transportation field. + + + + +While I was employed as a bus driver, I made terrible money, relative to others at different companies with similar responsibilities and seniority. I began working there in 2008 at $14 an hour, and when I left at the beginning of 2019, I was making just over $18 an hour. Most people with that longevity at other bus companies are making well over $20, and in some cases, over $30 an hour. + + + + +I was convinced by this diesel mechanic school that money would be flowing like manna in the desert. That companies would be desperate to hire someone who already has a CDL and was familiar with commercial vehicles. Well, they were wrong. You see, large companies treat diesel mechanics like drivers... They must complete a rigorous background check that includes having a clean driving record (no DUIs) for at minimum 3 to 5 years, and in some cases, lifetime. On top of this, my ability to find *any* work was nearly impossible while my license was suspended. I applied at bars, drug stores, and hardware stores in basic jobs that even high schoolers with no work experience are regularly hired for, and I was constantly turned down. I turned to selling my belongings on eBay in order to pay my recurring bills while I was out of work. + + + + +Well, I am currently employed as a diesel mechanic at a very small, family operated shop. The benefits are terrible (medical only, no dental or vision), and I am being paid $18 an hour. There is no chance for "upward progression," not that I really want to be a manager of supervisor, but at the same time, raises are few and far between. A miniscule raise wouldn't even matter because I am driving twice as far as my former employer, meaning I am getting gas twice a week now instead of once every week and a half. My costs to commute to work, pack lunch every day, and associated costs are significantly more than when I was a bus driver. Additionally, I've gained significant weight (over 40 pounds in 6 months), sleep terribly (this job is 1st shift and I do best working 3rd shift), and am in constant pain everywhere from this job. My health, I feel, is in rapid decline. + + + + +That being said, the physical demands of the job are not the only reason I am feeling panicked and sleepless. The fact that I cannot get a job in any transportation related field causes me great distress. I do not have a degree, and there aren't any other fields of work that I am even remotely interested in. + + + + +So, the fact that I may never get a raise at this job that would adequately cover the additional costs of working here, plus the fact that should I eventually find another company to hire me, I would again start at $18 an hour or thereabouts. I literally cannot afford to be making $18 an hour until I'm nearly 40 years old. I can't put any money away in savings, I don't have any 401k savings or other retirement, aside from the pension program my former employer had for us. I'm not cashing out this pension because there's a chance I could one day get a job back in their pension system. + + + + +I am literally freaking out at the prospect that I am currently, and will continue, to do worse than my parents financially. I have friends who are 40 and making over $30 an hour as mechanics and have been doing it less than 2 years. I have other friends who are truck drivers making $23+ an hour after less than 2 years on the road with a CDL. This one friend in particular also had a DUI, reduced it to physical control, but because he was already employed by the truck company as a dock worker, they continued to train him for his CDL and now he's making more money than he knows what to do with, while I'm basically existing only because my parents are still paying some of my bills, at 33 years old. + + +I am constantly feeling like the world is out to screw me. I don't know what to do. Any advice would be appreciated. +Hi I'm 22, and after college I'll be 23. + + I will have about 40-50k in student loan debt as a computer science major. + +I want to move out of my parents house as soon as possible, but I want to be financially smart about it too. + +I figure if I stay with my parents 1 year after graduating (unless I get a really good job opportunity out of the area I live in) and either pay off my student loan debt (and car loan which is only like 2k) or I save up some amount of money to put a downpayment on a house for myself. + +In my area, a house that I would want will cost approx 200k-300k in this current market, obviously that will change by the time I find a house (hopefully for the better) + +Not sure which one is more financially optimal. I want to move out quickly, however I dont want to be financially stressed out for a long time and want to live comfortable. + +Any advice or thoughts about what I should do? (I dont want to live with my parents for more than like 1 year aftet college if I can help it. I want my independence and freedom) +Hi all, + +I´m really happy to be bringing this to you as it is my very first D&D. I´m not bringing you any technical analyzed information done by me as I´m not good at it but I like to do some informal research and maybe you find it helpful. Also please bear with me as English is not my main language so I try my best. + +*Disclaimer: I´m not even close to being a financial advisor so please do your research and make your own decisions based on what you understand.* + +Edit: many are asking if I own stocks of this company and yes, I bought multiple times and own over 22500 stocks. + +**How I came up with this stock:** + +I lost three family members to breast cancer and unfortunately, I lived through the course of the disease with them. Reading about the illness I came across Endoxifen something I will talk about later. But to make things short, Endoxifen helps estrogen receptors to help with breast cancer. + +**What is Atossa Therapeutics doing and why it´s important:** + +Atossa Therapeutics is a clinical-stage biopharmaceutical company seeking to discover and develop innovative medicines in areas of significant unmet medical need. Atossa’s current focus is on breast cancer and COVID-19. + +**(1)** **Product AT-301:** COVID-19 Nasal Spray. (Currently completed Phase 1) + +**--->** GREAT CATALYST IN THE NEAR FUTURE **<---** + +AT-301 is Atossa’s proprietary formula intended for nasal administration in patients immediately following a diagnosis of COVID-19 but who have not yet exhibited symptoms severe enough to require hospitalization. It is intended for at-home use to proactively reduce symptoms of COVID-19 and to slow the infection rate so that a person’s immune system can more effectively fight SARS-CoV-2. + +**Important information:** On February the 25th of 2021, they provided great news about Phase 1. + +“AT-301 was considered to be safe and well-tolerated in healthy male and female participants in this study at two different dose levels over 14 days.” + +“The most common treatment-related adverse events observed with AT-301 treatment with either single or multiple doses were nasal discomfort and sneezing.” + +“The results from this study are very encouraging and we look forward to quickly commencing the next study of AT-301,” commented **Steven Quay, M.D., Ph.D., Atossa’s President, and CEO**. “We recently received input from the FDA on this program and based in part on that input, we are now preparing to conduct an additional pre-clinical study, which we expect to start this quarter. Following that, **we expect to apply to the FDA to commence a Phase 2** study here in the United States.” + +[https://finance.yahoo.com/news/atossa-therapeutics-announces-final-results-140000965.html](https://finance.yahoo.com/news/atossa-therapeutics-announces-final-results-140000965.html) + +**(2)** **Product AT-H201:** COVID-19 HOPE. (Planning Phase 1) + +**--->** GREAT CATALYST FOR THE NEAR FUTURE AND THOSE THAT DON´T WANT TO GET VACCINATED **<---** + +The goal of the COVID-19 HOPE program is to develop a therapy to improve lung function and reduce the amount of time that COVID-19 patients are on ventilators. The program uses a novel combination of two drugs that have been previously approved by the FDA for other diseases. + +There are five known key steps the coronavirus must take to signal the cell to open and let the virus in. AT-H201 is being designed to function like a “chemical vaccine” by blocking all five of those steps, similar to what antibodies would be expected to do when a vaccine is administered. + +**Atossa expects that its AT-H201 drug combination can be developed more quickly than a traditional vaccine.** + +[https:\/\/atossatherapeutics.com\/product-pipeline\/](https://preview.redd.it/dsdy3wj8sbm61.png?width=948&format=png&auto=webp&s=44d798c84e107573b6a94c7860f94e9d59f359e9) + +You will find the picture a little different from the one on the official website. I simply took the liberty of making it more friendly to the eye. + +**(3)** **Product: ORAL ENDOXIFEN** + +\- **Window of Opportunity** + +\- **Refractory Endoxifen supplementation (TBD)** + +\- **Mammographic Breast Density (Sweden)** + +**Be notified: This is going to belong, specific, with several scientific terms but I will do my best to simplify everything. I am not a doctor, nor do I study anything related to medicine, I apologize if I make any mistake in what I write.** + +**IF YOU DON´T WANT TO READ THE WHOLE EXPLANATION,** **JUST KNOW THAT ENDOXIFEN SOLVES** **THE MAIN ISSUE WITH TODAY´S MOST-PRESCRIBED DRUG TO BATTLE AGAINST BREAST CANCER.** + +Endoxifen is the most active metabolite (ingredient) of the FDA-approved drug tamoxifen. Tamoxifen has been used since its approval in 1977 for breast cancer survivors to prevent recurrence as well as the development of new cancer. Tamoxifen is a “pro-drug,” in that it must be metabolized by the liver into active metabolites in order to have activity in the body. + +To this date **Tamoxifen** is the oldest and most-prescribed selective estrogen receptor modulator (SERM) approved by the FDA to treat: + +\- women and men diagnosed with hormone-receptor-positive, early-stage breast cancer after surgery (or possibly chemotherapy and radiation) to reduce the risk of cancer coming back (recurring). + +\- women and men diagnosed with advanced-stage or metastatic hormone-receptor-positive disease. + +\- reduce breast cancer risk in women who haven't been diagnosed but are at higher-than-average risk for the disease. + +The body uses an enzyme called **CYP2D6 to convert tamoxifen into its active form**. Two things can interfere with the body’s ability to make this happen: a flaw in the CYP2D6 enzyme (About 10% of people have a CYP2D6 enzyme that doesn’t function as well as it should) and certain medications that block the effectiveness of this enzyme (such as antidepressants, Cardioquin, Benadryl and Tagamet) + +*If you like to know more, please go to this link:* [*https://www.breastcancer.org/treatment/hormonal/serms/tamoxifen*](https://www.breastcancer.org/treatment/hormonal/serms/tamoxifen) + +So why I´m explaining this to you all? Because the active agent on tamoxifen is **endoxifen** and for the reasons mentioned above and others, women's bodies might be unable to effectively metabolize tamoxifen and, consequently, it does not produce endoxifen. + +Why is **Endoxifen** so important? When Tamoxifen gets metabolized by the **CYP2D6** enzyme endoxifen and afimoxifene are created. If the body has a flaw in that enzyme, the current treatment wouldn´t work so with Endoxifen as a prodrug we are solving the biggest issue with the current most used prescribed SERM. + +In the Journal of Clinical Oncology – Volume 35, Issue 30, there is a detailed explanation on the first-in-human phase I study of direct endoxifen application to metastatic breast cancer patients. The conclusion of this study showed that **endoxifen provides substantial drug exposure unaffected by CYP2D6 metabolism, acceptable toxicity, and promising antitumor activity.** + +You can read the complete issue here: [https://ascopubs.org/doi/10.1200/JCO.2017.73.3246](https://ascopubs.org/doi/10.1200/JCO.2017.73.3246) + +**About Oral Endoxifen:** + +Atossa Therapeutics is developing an oral form of **endoxifen** and recently reported positive interim results from the Phase 2 study to treat breast cancer in the window of opportunity between diagnosis of breast cancer and surgery. A statistically significant reduction of about 74% in tumor cell proliferation was achieved over the 22 days of dosing. Proliferation was measured by Ki-67, a recognized standard measurement of breast cancer cell proliferation. + +On the 3rd of February, the company shared great news announcing a Two-Year update of the FDA-Approved expanded access treatment with endoxifen. Just to summarize this, to this date, after 26 months the patient treated with Atossa´s Oral Endoxifen showed no recurrence of breast cancer; the treatment has been well-tolerated, including an absence of typical vasomotor symptoms commonly associated with tamoxifen (night sweats and hot flashes for example). + +[https://www.globenewswire.com/news-release/2021/02/03/2169192/0/en/Atossa-Therapeutics-Announces-Two-Year-Update-of-FDA-Approved-Expanded-Access-Treatment-with-Endoxifen.html](https://www.globenewswire.com/news-release/2021/02/03/2169192/0/en/Atossa-Therapeutics-Announces-Two-Year-Update-of-FDA-Approved-Expanded-Access-Treatment-with-Endoxifen.html) + +**My opinion on this:** + +This product shows great results, great life expectancy, reduction of secondary symptoms, reduction of possible problems or inconveniences when obtaining results. Considering this and that the company has more than 26 months of testing this I don´t see why this won´t get approved by the FDA. About 20% of the 300,000 US women currently taking tamoxifen (largely to prevent recurrence of breast cancer) do not achieve sufficient concentrations of endoxifen and may have an increased risk of cancer recurrence. In 2019 FDA allowed the use of oral endoxifen as a post-mastectomy treatment in a single pre-menopausal, ER+ breast cancer patient who had previously already completed a three-week course of endoxifen prior to surgery under an FDA EAP. + +[https://www.edisongroup.com/publication/endoxifen-catalysts-expected-in-2019/24107/](https://www.edisongroup.com/publication/endoxifen-catalysts-expected-in-2019/24107/) + +The founder, Chairman & CEO of Atossa Therapeutics is **Steven Quay**, physician-scientist, inventor, author, and serial biotechnology entrepreneur who has founded six companies completed two successful IPOs, and rebranded the seventh company over the course of a career that spans over 25 years. Recognized for inventing six drugs that are FDA or EMEA approved, one medical device that is FDA-cleared and CE marked, and securing 87 U.S. Patents and over 130 pending U.S. and foreign patent applications. + +[https://www.linkedin.com/in/stevenquay/](https://www.linkedin.com/in/stevenquay/) + +**TLDR/ Conclusion:** + +This is a great company, undervalued in my opinion, with huge upcoming catalysts that could change the world, and don´t take that as an exaggeration, I hope you never have to see a family member suffer from this disease, but if so, a product like this company's may be the solution to your prayers. Just think about it, they are fighting against the biggest issue the biggest “cure” breast cancer has. + +**Price Targets:** + +&#x200B; + +https://preview.redd.it/4fr26puasbm61.png?width=1282&format=png&auto=webp&s=fb31ed92accf63f59a809e9354ae8b7182e8bc1d + +&#x200B; + +https://preview.redd.it/s3d8p9wbsbm61.png?width=1465&format=png&auto=webp&s=1a44b29e653b0baee3689d9ecf4678436b104d06 + +**Short, Medium- and Long-Term Indicators:** + +&#x200B; + +https://preview.redd.it/kxy20jpcsbm61.png?width=1062&format=png&auto=webp&s=33ba24c3b305a4e17399a4ce38731653fe6be2cc + +This took me some time to complete and is my very first time doing so ALL comments, critics and suggestions are well received. I truly appreciate your feedback and opinions. + +FU%K CANCER!!! + +&#x200B; + +https://preview.redd.it/nsztynmdsbm61.png?width=383&format=png&auto=webp&s=5193ec83808974c6403b1a3b553f53aa02d464c0 +https://fortune.com/2020/08/23/amazon-coronavirus-taxes-local-governments/ + +The coronavirus pandemic has brought new scrutiny to the way in which Amazon treats its warehouse workers, whose exhausting, precarious positions now come with a decent chance they’ll be exposed to a deadly virus. And yet, Amazon is going gangbusters to expand its network, opening new facilities all across the country with the aid of compliant cities and states and little recognition of Amazon’s devastating impact on local economies. + +In North Andover, Mass., for instance, Amazon recently received $27 million in public funding to build a new warehouse. In Windsor, Conn., it was $8.8 million. The property taxes for a new Amazon distribution center in Glenwillow, Ohio, will be reduced by nearly half for 15 years. And the e-commerce giant is receiving taxpayer dollars for distribution facilities in Whiteland, Ind., and Arlington Heights, Ill., too. Overall, Amazon has received nearly $3 billion in subsidies from state and local governments. There are surely other handouts in the works. +Hello SuperStonk, + +I'm u/Doom_Douche , You may remember me from posts such as ["Deep Dive into Dark Pool Trading - How they might accidentally be showing us the number of synthetic shares"](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/) or ["My banner submission. Let's get back to our roots! 🦍🤝💪"](https://www.reddit.com/r/Superstonk/comments/mlhwex/my_banner_submission_lets_get_back_to_our_roots/) + +https://preview.redd.it/e3eavs5n1yv61.jpg?width=1200&format=pjpg&auto=webp&s=07c96de1586b6b5d47cc28375dde89c5efc85992 + +I don't know what the hell I'm doing and I would rather be making memes but you asked for it and you are gonna get it. In my last post there were a lot of requests to incorporate exchange volume into the calculations and compare it against other wonky stocks rather than blue chips. This makes sense as GME is anything but normal. + +I identified two of the most heavily traded OTC stocks and compared our favorite stonk against it. Spoiler alert GME is way wackier. + +**Let's start with the ELIA**. We all believe GME is heavily manipulated. We all believe the float isn't real. We all smell the fart in the room but no one is admitting who did it. I would like to believe all my data can be summed up in this one image. + +https://preview.redd.it/qmwpnapk2yv61.jpg?width=728&format=pjpg&auto=webp&s=28e4c6c4daff05c31805b6511b9477556a2b4c0d + +There is a massive battleship entering the port. We know this. We can see the shadow it casts through institutional ownership, retail brokerage numbers and a variety of other ways. The public sees a tiny strip mall video game store with anemic volume and an outdated business model. What I am pointing out is the amount of OTC volume compared to the completely fictitious float. This is the wake, the amount of water displaced by the ship. We are told its a dinky little kayak when in reality its a battleship about to blow up the entire market. Lets get into the data! + +I am using all the OTC data available in 2021 for GME and the following stocks which were identified in multiple articles as the most heavily traded OTC. Much of this data is delayed reporting up to 4 weeks and the data is displayed as weekly volume not daily. This will cause flat areas in graphs compared to daily spikes you will see in exchange volume. This is just the nature of the beast but trust me that I have cross referenced the data based on actual trading days and it all lines up properly. + +[Grayscale Bitcoin Trust (BTC) (GBTC)](https://finance.yahoo.com/quote/GBTC/) + +[Green Thumb Industries Inc. (GTBIF)](https://finance.yahoo.com/quote/GTBIF) + +Data Dump Incoming: + +https://preview.redd.it/7fbfa9ns5yv61.jpg?width=1540&format=pjpg&auto=webp&s=5e9f1c56d3b68e60b3e6e04a4becadcfe57d2166 + +Oooph. Thats a lot of numbers but there are already some interesting conclusions that can be drawn just by totals and averages. Let's look closer. + +https://preview.redd.it/5l4362ob6yv61.jpg?width=1504&format=pjpg&auto=webp&s=76e71f7409f454bcb901a593b65bf9e98f8e5c29 + +Compared to these clown stocks GME actually seems normal at first glance. Gamestop is seeing on average 25% of all volume traded OTC vs 96% of all volume traded OTC with GTBIF. Let's expand this data to make sure we are all on the same page. + +https://preview.redd.it/5wzmqc4jbyv61.jpg?width=1504&format=pjpg&auto=webp&s=80e57dccb8c6c18b0c0b3d03799756ab97f995fa + +Here is the same data plotted over time. Exactly what you would expect to see. GME OTC volume hanging under exchange volume, GBTC OTC volume rising mostly above exchange volume and GTBIF OTC volume dwarfing exchange volume. + +Now here is where the system breaks. Lets keep a very important premise in mind + +**All of this data and all of these calculations are operating under the assumption that the "float" is correctly reported as 51.46 million.** + +https://preview.redd.it/pbtahu4efyv61.jpg?width=1649&format=pjpg&auto=webp&s=feb6461f719545262a373c8a427e7b1502602c52 + +OK, WHAT THE FUCK. GME has more than double the ratio of OTC Volume/Float than the stock with the highest percentage of OTC Volume. Let me be as clear as possible. GME has an average of around 30% of its float traded OTC. From my previous post you will see that most companies have an average of LESS THAN 1% of their float traded OTC. The wackiest company I can find that has over 96% of all volume traded OTC has only 14% of its float traded OTC. + +When presented with unreasonable numbers in a calculation it is important to consider the possibility that some of your data is incorrect. The only variable that we can change that would effect the outcome of our calculations is the FLOAT. + +If we were to wave a magic wand and assume that GME has a single synthetic share trading for every real share out there the Ph(loat) which is synthetic shares+ real shares would be 110,980,000. Even using that number we still get a OTC Volume/Float percentage higher than GTBIF at 14.94%. + +https://preview.redd.it/0o70tmqzjyv61.jpg?width=1280&format=pjpg&auto=webp&s=e3738776b1e34d670e60466d6fabe5ebf5ffba42 + +hahahahahhahahahHAHAHAHAHAHHAHAHAHhahahhahahahahahHAHAHAHAHAHHA + +Ok I got that out of my system. I don't fucking know dude. You know who knows what the real float is? + +NO ONE + +Not Ryan Cohen, Not Kenny G, Not THE SEC + +All I can show you is that its way bigger than any of us are prepared for. Here is what's really coming into port. + +https://preview.redd.it/pdfb1muckyv61.jpg?width=728&format=pjpg&auto=webp&s=488a67ac6f0e77290cd1b1d127f2a441622c9b04 + +Put on your lifejackets ape. It's about to get choppy. + +TLDR: The float is fucking huge yo + +Edit 1: Here is a google drive link to the data if anyone wants to play with it + +[https://drive.google.com/file/d/1AZmDKXiovguRP4vrrdPaInXKq-R3XPK9/view?usp=sharing](https://drive.google.com/file/d/1AZmDKXiovguRP4vrrdPaInXKq-R3XPK9/view?usp=sharing) + +Edit 2: To be clear when I say the "Float is bigger than anyone expects" I am referencing the Ph(loat) not the reported true float. The Ph(loat) is comprised of mostly synthetic shares combined with the real float of 54 mil and not being reported as there is no publicly available metric to calculate synthetic shares. This means the short interest is still well over 100% and likely much.... much... more than that. + +Edit 3: u/db2 brought up a fantastic point. If I am right and that's a big IF, the reason the borrow rate for GME is so low is because its incredibly easy to borrow shares. If the PH(loat) is gigantic because its full of synthetic shares it would explain why GME has a borrow rate of only 1.1% interest + +Edit 4: u/Rumblebully suggested using the terminology Phloat for describing the combination of real float + synthetic or phantom shares and I fucking love it. From now on i'm calling it Ph(loat) and no one can stop me. +I'm a California resident if that's relevant. + +Also, my health insurance covers both hospitals. However, the insurance rep said they rejected the claim from the first hospital b/c they feel it's a bogus charge. He also said that unfortunately this does not stop the hospital from simply forwarding the bill to me. Any advice before I contact the hospital would be really appreciated, thanks + +**[UPDATED]** **I spoke to the billing department, was super nice to the woman and explained what happened. She asked me to call her back in 10 days by which point she will have had time to review my records. She said if I didn't receive treatment then she can probably dismiss the bill.** +When I was at university, my perception of happiness was based on graduating and quitting my "shitty" job at the local supermarket. + +When I started my corporate career, I found the FIRE movement, so that perception shifted to wanting to grow my bank account and retire early to work on my side hustle. + +When I did FIRE, I was so miserable, it almost broke my spirit. +------------------------------------------------------------ +First I want to extend a big thank you to this community. I have learned so much from here. There are some threads on here where I have read the replies so many times that I almost know them by heart ;) + +**I achieved my FI by** + +1.Having a high paid corporate job + I managed to climb up the corporate ladder in a relatively short time span not because I was so skilled at what I do, but because I have always worked on my social skills. (no that doesn't mean that I sold my ass lol) + +2.Investing +I started with a term deposit account then bought gold, then index funds, then individual stocks. The usual except that I also sold stock options which paid me handsomely. + +3.Always having a second source of income from a plethora of side hustles that I had started over the years. +- Dropshipping was the most consistent business I owned. +- Day trading bitcoin was the most profitable. + +4.Frugality: This is where my views diverge a little from the common dogma. I just chose not to waste my best years pinching pennies and not doing the things that I want (not necessarily need) to do. Not material things but more experiences. As an example, travelling has literally changed me as a human being and my net worth could have been a lot bigger without travelling every single year, but I believe that travelling when young is very different than when I have settled down and/or matured. + +**My Story** + +Early 2016, although my net worth by most calculators out there told me that I have to work for at least a few more years before I make these calculators happy, I decided that my safety net is large enough to retire and I am capable of making my side hustle at the very least cover my expenses. So I quit my job. + +The mornings feel so damn different when you are not a corporate slave. Everything seemed more enjoyable from getting coffee in the morning to taking random walks during the day. +I started to enjoy my interactions with others so much more. Maybe the facade of the corporate world had trivialised the small things for me. + +Leaving my corporate job was no excuse for being lazy. I was working 14 hour days on growing my e-com business. and it was definitely paying off. +I was either behind a computer screen, at the gym, or with my girlfriend. + +Around 3 weeks in, I started talking to walls as all my friends were at work during the day and I started feeling some loneliness. + +I found a job at a local gym. 3 nights a weeks. Working at a gym is something that I have always had on my bucket list. I loved it. It kept me sane. + +I started having what Financial Samurai calls an identity crisis. I was good at my job, financially stable. I consider myself a very confident individual. But I hadn’t realised that most of my sense of self worth was tied to my job. +Now that it was gone and everyone around me including my girlfriend were still at work. My self esteem started to suffer. + +The gym closed. Now my loneliness was exacerbated. Combine that with a fluttering self esteem. My relationship started to suffer. +I broke up with my girlfriend at the time, 4 months after quitting work. +I've had many break ups, but I still carry the deep scar of this one as it represented more than a breakup. It represented the collapse my identity that I had built over the years. Viktor Frankl's A man's search for meaning describes this perfectly. I lost my purpose. Now severe depression set in. I cannot describe to you how debilitating that was. I didn't want to do anything. I literally felt that there was an invisible door stopping me from leaving my room, let alone the house. Stopped answering calls let alone talking to other human beings. I didn't even know what day it was and I didn't care. I was prescribed antidepressants and Valium. I refused the antidepressants and on a whim,pushed by my siblings, decided to travel ,alone, for the first time in my life. + +A silent retreat in India. Bungee jumping in a dodgy place in Thailand. Learning meditation and yoga. Scuba diving. Catching up with childhood friends and family members across different countries. I started feeling better. So much better very quickly. + +Then I went to Bali. I wanted to live the "nomad" lifestyle, so I signed up at Hubud and the Dojo (2 renown coworking spaces in the digital nomad community) + +This was life changing. One the best experiences in my life. I felt a sense of belonging to a tribe of like minded people. I was so motivated to work because the energy around me was contagious. I closed my e-com store (too many negative emotions attached to it) and started leverage trading bitcoin (on Bitmex). I bought all kinda courses, joined paid groups, newsletters and it did pay off... I was averaging $200-$300 days which is incredible for a noob. +Imagine waking up, meeting up with friends for breakfast at the beach, going to the co-working space, making money, then having fun at night with your friends. +You know that picture marketers paint in our heads of some dude running a business from his laptop at the beach? That's real. + +Then comes the wake up call. I quickly noticed that people come and go. I would develop friendships (even a great relationship) then a few weeks later, my new found friends would go back home and I'd have to start from scratch. Then the novelty of working from the beach and not answering to a boss started to lose its meaning. Also, the visa run wasn't my favorite thing to do. + +At that crossroad, I had a call from a recruiter who had worked with me in the past, about a new alluring opportunity. + +My decision was based on this: I can always go back to FIRE but the longer I stay out of the workforce the harder it will be to find a job. + +So I went back to the corporate world. This is not the end of my story as I know that office work will never be a long term option for me. But I had to retreat and regroup for now…. + +I am as usual working on a side hustle - I am still trading options. + +**Lessons learned** + +*I didn’t realise this at the time, but for me now, the end goal of FI isn't necessarily early retirement...but a sense of freedom. I can quit whenever I want which makes work a lot less stressful. Hell, I enjoy my work a lot more now just knowing that. + +*Early retirement is still on the agenda, but I will not do it alone. I will make sure that I have a better support system (a business partner / a spouse on the same journey / a team). + +*Loneliness is a bitch. I know that there are many introverts like me amongst you, but social isolation can literally KILL you based on multiple studies like https://heart.bmj.com/content/102/13/1009 + +*When you shift your paradigm, be psychologically prepared to conquer your demons and centre your self identity. You are not your net worth. You are not your job. + +*I understand the gravity of mental diseases a lot more now and I have a massive amount of empathy towards people who suffer from them. + +*Oh, and I have zero regrets. If I were to do it all over again, I wouldn't change a thing. I am grateful for the opportunity to fail and learn from my mistakes. + +Thank you for reading! +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 omnibus😀 +🚀🚀🚀🚀🚀🚀🚀🚀🚀🍌🦍💎 +AS MANY OF YOU KNOW THERE ARE CONTRACTS THAT EXPIRE TODAY AT **$115. THE HEDGE FUNDS WILL DO EVERYTHING THEY CAN TO TRY TO DRIVE THE STOCK DOWN TO THAT PRICE TO SAVE THEIR ASSES.** + +How are they going to do that because some of you retards still dont know? They are going to trade the stock in low volumes at rapid speeds to **MAKE IT SEEM LIKE THE STOCK IS LOSING VALUE**. BUT IT IS NOT LOSING VALUE. The volumes that the hedgefunds are trading at are a .000X% of gamestops overall volume. They want you to be scared and sell your stock so that they will win. DO NOT FUCKING SELL DO NOT LET THE HEDGES WIN. HOLD WE WILL MAKE HISTORY. HOLD AND WE WILL WIN. DO NOT SELL YOUR FUCKING SHARES. AND BUY THE DIP. + +(THIS IS NOT FINANCIAL ADVICE, DO YOUR OWN RESEARCH, I JUST LIKE THE STOCK) + +Edit - for those of you asking what you should do: don’t spend money you can’t afford to lose. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + + + +Hi guys . + +What are the best vehicles to target a short on the CAN Real Estate market. + +Both on Toronto exchange and US markets. + +&#x200B; + +Leveraged ETFs and ETFs. + +Residential builders on the high-end . + +Their suppliers. + +Banks possibly locals with considerable exposure to single builders. + +&#x200B; + +From r/stock some ideas are HRED REK SRS Brookfield [https://ibb.co/72Nq4tD](https://ibb.co/72Nq4tD) (which one?) +As someone who works from home and should really leave the house more often, libraries have been my saving grace. Who can afford to go to a coffee shop each day? It’s like $3 a visit even trying to be cheap. + +Library Love: + +- The books and media are free. + +- The coffee is a dollar. + +- There’s AC and it’s quiet. + +- The WiFi is free, fast, and without a time limit. + +- The presentations/lectures are actually pretty high quality; one class felt like a $500 value. + +- No one cares what I’m doing, who I am, or why I’m there. + +- Some of my local ones are open until 8pm at night. + + +All I’ve got to say is I love my libraries and they’ve saved me a small fortune in cash and stir crazy mental health. Library Tour 2019!!! +***YOU – have enormous power and the potential for significant influence.*** If you participate, you could become a counterweight to Wall Street’s biggest banks and financial firms’ lobbyists. + +***Here’s a quick overview of the rulemaking process:*** the SEC is required to invite the public to submit letters with comments on their rule proposals.  The SEC is then required to consider each comment letter they receive.  The SEC usually receives lots of letters from Wall Street’s army of lobbyists, lawyers, and political allies to dilute, limit, or kill the rules.  Their goals are to maximize their profits—profits that come from the pockets of everyday investors like yourself!  ***The SEC rarely hears from the individual retail investors*** who invest in the stock markets. + +Before GME/Superstonk, the only people commenting on these rule proposals were industry insiders. It's easy to get things in your favor when you're the only one who has a voice. + +A Former Branch Chief of the SEC, [Lisa Braganca](https://youtube.com/clip/UgkxJMq7z2o9s162gYM7-S8GD2sBqREEearI) told us they got zero from retail before, and now they're seeing THOUSANDS of comments! + +[Dennis Kelleher told us:](https://www.reddit.com/r/Superstonk/comments/u8y8cc/ama_with_dennis_kelleher_cofounder_president_and/?utm_source=share&utm_medium=web2x&context=3) “It’s important to recognize that there is enormous power in the community that's been created around investing in the markets and they’ve demonstrated their power in the markets as we’ve seen over the last year. But I do think it’s important to recognize that to be really fundamentally effective in the markets, they also have to be engaged in the policy making process.” + +**They recently re-opened comments for certain rule proposals, due to a GliTcH where some comments didn't get posted after submitting. The majority of affected comments were from August 2022, but somehow it could have occurred as early as June 2021.** + +press release: [Reopening Comments](https://www.sec.gov/rules/proposed/2022/33-11117.pdf) + +[ ](https://preview.redd.it/4rx85fx5uet91.png?width=641&format=png&auto=webp&s=dcc096f2ee2187ce6a14e13f98891ebd17d1304a) + +**Did you leave a comment already? Check to make sure it’s posted.** [LINK TO RULE PROPOSALS](https://www.sec.gov/rules/proposed.shtml) + +Haven’t left one yet? **This is the perfect opportunity to do so. DOUBLE CHECK TO MAKE SURE YOUR COMMENT GETS POSTED AFTER YOU LEAVE IT!** + +[Better Markets](https://bettermarkets.org/get-involved/), [DLauer](https://www.urvin.finance/advocacy-issues/comment-letters) & the [SEC](https://www.sec.gov/regulatory-actions/how-to-submit-comments) outline how to do this. Here's another great guide [from u/Goldielips](https://www.reddit.com/r/Superstonk/comments/t31b1j/guide_for_letting_your_voice_be_heard_where_its/?utm_source=share&utm_medium=web2x&context=3). + +# Submitting a Comment Letter—Some Key Points to Remember + +# Make sure you include the File # for the rule. + +# Read the rule over. + +# Your comment should include if you agree or disagree, and why. Do you agree with part of it and disagree with another part? Tell them why. + +# Share any relevant data, research, or reports you think the agency should consider, and attach relevant documents. + +All comments will be posted publicly. You can make anonymous comments but keep in mind they publish your email address. + +&#x200B; + +**Some of the rule proposals people may be interested in commenting on:** + +# File # S7-32-10 - Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps; Prohibition against Undue Influence over Chief Compliance Officers; Position Reporting of Large Security-Based Swap Positions. [https://www.sec.gov/rules/proposed/2021/34-93784.pdf](https://www.sec.gov/rules/proposed/2021/34-93784.pdf) + +https://preview.redd.it/5nupgktnuet91.png?width=664&format=png&auto=webp&s=9b101f706a41b130c82092f4b3c96f83a184e57a + +https://preview.redd.it/xz32w4oouet91.png?width=665&format=png&auto=webp&s=082f1cdb3fc5aa3ab94554e2928c0f992e9f0a70 + +[Current Comments on this proposal](https://www.sec.gov/comments/s7-32-10/s73210.htm) + +This is about making the swaps positions public! Such transparency could provide relevant parties with advance notice that certain market participants are building large positions and could facilitate risk management and inform pricing of security-based swaps. + +[POST about this proposal made by u/WhatCanIMakeToday](https://www.reddit.com/r/Superstonk/comments/y2jl0k/comment_to_the_sec_supporting_prohibition_against/?utm_source=share&utm_medium=web2x&context=3) + +[u/WhatCanIMakeToday's comment about this rule](https://www.sec.gov/comments/s7-32-10/s73210-310801.htm) + +&#x200B; + +# File # S7-18-21 - Reporting of Securities Loans [https://www.sec.gov/rules/proposed/2021/34-93613.pdf](https://www.sec.gov/rules/proposed/2021/34-93613.pdf) + +https://preview.redd.it/o62sn808vet91.png?width=690&format=png&auto=webp&s=a15d99ca7bf3e52c634b693b04319dc317851777 + +[Current comments for this proposal](https://www.sec.gov/comments/s7-18-21/s71821.htm) + +This is for more transparency when it comes to lending agreements for shares that short sellers borrow. As of right now, there's zero transparency around securities lending. + +[Comment Letter from Better Markets](https://bettermarkets.org/wp-content/uploads/2022/04/Better_Markets_Comment_Letter_Reporting_of_Securities_Loans.pdf) + +[Susan Trimbath's comment letter](https://www.sec.gov/comments/s7-18-21/s71821-9418892-263349.pdf) + +Comment letters from people on the sub: + +[u/kibblepigeon](https://www.reddit.com/r/Superstonk/comments/xytsww/my_letter_in_response_to_secs_file_no_s71821_in/?utm_source=share&utm_medium=web2x&context=3) + +[u/Mirkrin](https://www.reddit.com/r/Superstonk/comments/xzwll0/my_submission_to_the_sec_on_rule_s71821/?utm_source=share&utm_medium=web2x&context=3) + +[u/DBreezy867](https://www.reddit.com/r/Superstonk/comments/xz9v2o/s71821_rule_10c1_comment_letter_written_and_sent/?utm_source=share&utm_medium=web2x&context=3) + +[post](https://www.reddit.com/r/Superstonk/comments/y0tefd/comment_to_the_sec_on_reporting_of_securities/?utm_source=share&utm_medium=web2x&context=3) by u/WhatCanIMakeToday + +# File # S7-08-22 - Short Position and Short Activity Reporting by Institutional Investment Managers [https://www.sec.gov/rules/proposed/2022/34-94313.pdf](https://www.sec.gov/rules/proposed/2022/34-94313.pdf) + +https://preview.redd.it/pigapjpdvet91.png?width=747&format=png&auto=webp&s=ed10d144545c99ef2d9117aaa326789ff4dd081a + +[All current comments for this proposal](https://www.sec.gov/comments/s7-08-22/s70822.htm) + +These would require Market participants to collect and submit certain short sale-related data to the SEC on a monthly basis. The Commission then would make aggregate data about large short positions, including daily short sale activity data, **available to the public** for each individual security. + +https://preview.redd.it/q9k9mut4ift91.png?width=730&format=png&auto=webp&s=a207bc4b02c93a30cf5c2a2c8acfb555a069d9b2 + +Official 13f-2 proposal: [https://www.sec.gov/rules/proposed/2022/34-94313.pdf](https://www.sec.gov/rules/proposed/2022/34-94313.pdf) + +SEC Reg Sho & CAT Fact sheet: [https://www.sec.gov/files/34-94314-fact-sheet.pdf](https://www.sec.gov/files/34-94314-fact-sheet.pdf) + +IF YOU CARE ABOUT SHORT POSITIONS BEING REPORTED BY INSTITUTIONS, CONSIDER COMMENTING ON THE 13f-2 RULE. + +[Comment Letter made by Dave Lauer](https://www.reddit.com/r/Superstonk/comments/y3xp69/comment_letter_for_sec_short_disclosure_proposal/?utm_source=share&utm_medium=web2x&context=3) \- check this out for some ideas about what could be improved. + +One thing missing from this rule is disclosing short derivatives exposure! Dennis Kelleher writes about that in his [comment letter.](https://www.sec.gov/comments/s7-08-22/s70822-20145033-309600.pdf) + +[Post](https://www.reddit.com/r/Superstonk/comments/xzzts4/comment_to_the_sec_on_short_position_and_short/?utm_source=share&utm_medium=web2x&context=3) by [u/WhatCanIMakeToday](https://www.reddit.com/u/WhatCanIMakeToday/) + +[Comment letter by u/Conscious\_Student\_37](https://www.reddit.com/r/Superstonk/comments/xyq09h/my_smoothbrain_comment_on_rule_10c1_reporting_for/?utm_source=share&utm_medium=web2x&context=3) + +[Comment letter by u?WhatCanIMakeToday](https://www.sec.gov/comments/s7-08-22/s70822-311187.htm) + +&#x200B; + +If I missed a good template/comment letter/post(or anything else), link it here and I'll add it to this post! I wanted to get this out ASAP since we have a limited time to check comments & add more. +Jan 17th: Why is the Market Crashing (BTC Options, Whales, Correction, FUD, Hack, Conferences)?, Maximize Profits During Bull Runs Minimize Losses During Bear Raids + +Today’s Report (17th): + +“Why is the market crashing?!” + +I’ve had this as a headline more times than I can count in the last 48hrs. The answer to this question is both short and long. The short answer is this week we’ve seen a wallet hack which always creates fear in the crypto world. The reality a 3rd party may enter what you presumed to be a safe place and remove your valuable crypto creates hysteria within the crypto community, especially for newcomers. There have been 2 FUD attacks this week, one out of China and one out of South Korea. Both have been topics of previous posts so to keep it short and sweet: FUD attacks mean a dramatic correction in the market. Almost immediately once South Korea’s was dispelled, China’s was released not allowing any market recovery time. I also discussed whale consolidation. It is easy to go on KuCoin and see the whales at play openly shifting sell and buy walls when the orders approach allowing the price to fluctuate more dramatically, while also pushing it in a specific direction. This is easily visible on KuCoin with people using 5-10BTC. That is $50,000-$100,000. These whales are playing in KuCoin’s open waters with what most of us see as a good amount of money, but to real investors it is chump change. + +This brings me to my new point for today. The December Option Contracts. + +Anyone want to guess what day those December options expire in January? January 17th. Want to guess what side the majority of hedge fund guys bet on? If you saw BTC’s chart and were in the stock/commodity industry you’d be screaming SHORT. So we have a group of multi millionaire/billionaires trying to find out a way to cash out up against a BTC that was well above their option price (last week). If you are short you hope the price will decrease, if you are long you hope the price will increase. People who shorted BTC have until today to make it crash further. Cashing in on their short position while it’s under $10k and then using their profits to buy back in and actually go long on BTC for the short term because they know they just intentionally crashed the market and with a negative correction comes a positive one eventually. + +We, even I, am a Plankton compared to the whales and sharks trading BTC futures on the CBOE and CME. I can try to predict market functions based on graphs and trends. I can attempt to find undervalued assets in a market full of scams and billion dollar coins. What I cannot do is control whales and sharks with 1000x the money I am investing openly manipulating the crypto markets the day options expire. People have been asking when will this market correction occur? The honest answer is no one knows. The reality is that we have conferences starting tomorrow, literally tomorrow. These continue through the weekend and continue through March. If I were a betting man, which I am, I would say the correction begins sometime tonight after option expiration or tomorrow pre-conference. This will lead into a bull run which will draw many new investors into the market similarly to what happened pre-Thanksgiving and the bull run we all experienced until just now. + +BTC has had 5 price corrections since 2015. I’d include the graph/chart but it won’t let me, so I will try to explain it to you. The total negative correction period was between 5 and 35 days for all 5 events. That means as we are approaching 1 month in BTC’s price correction since it hit almost 20k we are about at the end of the statistical period BTC takes to correct. Each one of these corrections BTC saw a loss in value between 30% and 50%. The current correction we are in places BTC at almost a 50% loss. So we are at the parameters for length of time to correct, and correction amount. The final question, following these prior 4 corrections, how long did it take to attain a new ATH? How long will it be before my portfolio makes me look rich again!? The period for the past events was 8-55 days. Considering thus far BTC has mimicked all its trends to date, I expect it to take 8-55 days before we have a full recovery to a new ATH. Personally I expect it to be on the lower end of that range as I see the entire sector having exponentially more media exposure the next 3 months which should dramatically increase the value of BTC and alts. As the world is exposed and re-exposed to crypto the bull run should build steam. My prediction (that is all it is, a prediction) would be it takes approximately 3-4 weeks to reach a new ATH for BTC. With the $1 trillion market cap (for all of crypto) mark pierced long before May. + +I’ve lost close to 30% this week. Most in the market lost much more than that! I highlighted opportunities like NEO, ICX and STRAT which were top gainers among many losers the past few days (even though almost everything dropped yesterday). Having a diversified portfolio between strong coins and moonshots helps weather any future storm. This has not been a fun correction for any of us. Please stop messaging me irate about market conditions. I cannot predict FUD, Hacks, or Dev team issues. I can try to predict when this turn around will occur (as early as tomorrow with option expiration and conferences starting). If you are that irate where you need to talk to someone or post a 6-page essay below feel free to call me: 800-273-8255 (Suicide Hotline). The crypto space has 50% market swings in 1 week. It also has 400% gains in following weeks. If you sell now you are giving those future gains to someone else. HOLD FAST KINGDOM. + +This concludes the educational portion of today, if you’d like a topic reported on please let me know and I’d be happy to add it this week! I usually write a Daily Crypto Report that includes 1. Lessons (similar to above), 2. Safe Picks for January), 3. Conference Plays (from the above conferences), 4. Moonshot Explanations (multiple coins up over 400% in 2 weeks), and 5. ICOs! Feel free to follow me if you’d like to see today’s full report vs. just the educational lesson portion. If you have any topics you want explored please let me know! + +(Favorites Remain ICX, STRAT, and NEO as Buy and Hold) My 3 favorite January SAFE plays remain ICX, STRAT, and NEO. NEO has more conferences than any other coin in the next 2 weeks and meetups all over Europe prior to that. NEO is the Asian Ether and should rapidly increase in value in the next 3 weeks. STRAT will remain a favorite of mine as they are launching their ICO Platform and have 2 flagship ICOs ready to be announced (they are timing the down market waiting for a correction, I guarantee it). The founder of STRAT also recently posted on his twitter regarding how exciting next week will be. The market correction is about to be over and there will be many new coins at the forefront of the financial revolution. The FUD started in South Korea and ICX crashed because of it. They still have their first HOSTED blockchain event during their mainnet release the last week of January in the tallest building in Seoul. All 3 make up a major portion of my “safe plays” for January with an expected return of 40-100%. + +Everyone is always asking about which ICOs I’m involved in and recommend. If you want to know the ICOs or need referral links for Ku or Binance PM me :) +This is a sign that the stock is being bought not just by retail investors but also by institutional investors. + +Otherwise, the share wouldn’t have rose around 20% today. + +The amount of buying pressure and momentum in this stock is insane. + +Not to mention the unusual options activity that's going on right now. Though this is probably being fuelled mostly by retail investors. +Okay- to make a long story short. + +My Grandparents are in their 70's and are selling the family farm in what will likely be the next year(12 to 18 months) or so and I am mashing the panic button. + +I'm only just about to turn 22, but I want badly to be able to take on the family farm. + +The farm is likely to sell for $750,000, and obviously to make a reasonable down payment I'll need $150,000. + +Is it even possible to make that much money fast? I am extremely tied to the farm and would be devastated if I missed out on it. + +Edit: + +Firstly, I am Canadian + +Okay, so after taking the night to sleep on it and read each and every one of your comments I feel it is the right thing to do to update everyone. + +First and foremost it's clear that I need to speak with my Grandparents. I've put it off because my grandma has health issues and I didn't want to stress them out. But if I want this to happen then I just need to have that conversation. + +My grandfather retired from farming 2 seasons after the harvest of 2019. At this time he is making boat loads of money renting all of that farmable land and his quarter section of cattle land. He sold all of his equipment so I would be starting from scratch on that of things(obviously not a good start either) + +In theory, I could run a cattle and grain operation, as well as make money selling wood from a lot of the forested areas he owns. + +The problem is just about getting started, which is a far cry from being as easy as it was in 1969 on the prairies. + +Overall, this is not just something I want because of emotional and familial reasons. I believe the best way to raise a family is on a farm next to town- which is what this property is. + +HOWEVER, I completely understand that this has about a 1% chance of ever happening for me, and I just need to accept it and move on. It breaks my heart but it is what it is. + +Thank you all for your words of wisdom reality checks, and even insults in some cases. It gave my a wake up call. + +If I pull a rabbit out of a hat and make this dream come true then I'll update everyone again +I have been looking and analysing 2 to 4 unit properties in the Dallas/ft worth area and the #s just don't make sense at the listing asking price and those properties get sold fast. I use the bigger pockets calculator and unless I am doing it wrong most have negative cashflows. +I have been digging through all of the data from each SDR data repositories and found that I could obtain data from The DTCC, CME, Markit, REGIS-TR, and UnaVista. The only one I was unable to obtain data from was the ICE Trade Vault. So, we reached out to the CFTC who reports all SWAPS to see if we could find historical data. But apparently the CFTC changed the code to their service platform and will not be reporting any SWAPS at all in 2021. + +https://preview.redd.it/iexkgonr8qk71.png?width=1306&format=png&auto=webp&s=5ed5577794067fff91b3b98b52bdf70ce2408c53 + +Edit 1: Alright, so a lot of you suggested I put in a freedom of information Act request so I did... Here's what I wrote. The Dodd-Frank Act requires that the CFTC publish a report on trading, clearing, participants, and products in the Swaps market on a semi-annual and annual basis per (CEA Section 2(a)(14)). The CFTC had elected to publish a Swaps report on a weekly basis. Currently, in 2021 the CFTC has not published a semi-annual Swaps report and their most recent public data reporting was done on 11/20/2020. That data is 9 months old and outside of the range of which Dodd-Frank requires a semi-annual data report. I would like to inquire to receive a copy of the data in any format excel, word, powerpoint, PDF or any other format? + +&#x200B; + +https://preview.redd.it/1t9qubj6oqk71.png?width=577&format=png&auto=webp&s=63187055504a192017b16d61a916f070d0a72118 + +&#x200B; + +&#x200B; + +Edit 2: CFTC Tweet Today + +&#x200B; + +&#x200B; + +https://preview.redd.it/5humw4bnsrk71.png?width=896&format=png&auto=webp&s=c2f5f0556a746f1838bc6e513889f38ec799e5da + +&#x200B; + +Edit 3: ISDA & Markit: + +&#x200B; + +[ ](https://preview.redd.it/d9b6qep8gwk71.png?width=527&format=png&auto=webp&s=4474e635b9f9171f5771ae1cb0cd57c7b15d1822) + +&#x200B; + +Edit 4: The SEC and Security Based Swap Dealers: [https://www.sec.gov/page/key-dates-registration-security-based-swap-dealers-and-major-security-based-swap-participants](https://www.sec.gov/page/key-dates-registration-security-based-swap-dealers-and-major-security-based-swap-participants) + +&#x200B; + +Edit 5: Here is all the publicly reported Swap Data I can find. + +ICE Trade Vault: [https://www.icetradevault.com/tvus-ticker/#](https://www.icetradevault.com/tvus-ticker/#) + +CME Data Repository: [https://www.cmegroup.com/market-data/repository/data.html#equity](https://www.cmegroup.com/market-data/repository/data.html#equity) + +DTCC Data Repository: [https://rtdata.dtcc.com/gtr/tracker.do](https://rtdata.dtcc.com/gtr/tracker.do) + +IHS Markit Securities Lending: [https://ihsmarkit.com/products/securities-finance.html](https://ihsmarkit.com/products/securities-finance.html) + +UnaVista London Stock Exchange Historical Data: [https://www.lseg.com/markets-products-and-services/post-trade-services/unavista/unavista-solutions/regulatory-solutions/emir-reporting/trade-repository-public-data/historical-trade-repository-public-data](https://www.lseg.com/markets-products-and-services/post-trade-services/unavista/unavista-solutions/regulatory-solutions/emir-reporting/trade-repository-public-data/historical-trade-repository-public-data) + +REGIS-TR Data Repository European Union: [https://www.regis-tr.com/regis-tr/public-data/regis-tr-uk-ltd](https://www.regis-tr.com/regis-tr/public-data/regis-tr-uk-ltd) + +BIS International OTC Database: [https://stats.bis.org/statx/srs/table/d8](https://stats.bis.org/statx/srs/table/d8) + +&#x200B; + +Original request request and reply from CFTC: [https://www.cftc.gov/csl/21-18/download](https://www.cftc.gov/csl/21-18/download) + +&#x200B; + +Also the Securities Lending Times: [http://www.securitieslendingtimes.com/interviews/interview.php?interview\_id=109](http://www.securitieslendingtimes.com/interviews/interview.php?interview_id=109) + +&#x200B; + +Edit 6: The Best Total Return Swaps Video (sorry for the shit audio) [https://www.youtube.com/watch?v=R\_Av92C5F1s](https://www.youtube.com/watch?v=R_Av92C5F1s) + +&#x200B; + +&#x200B; +Getting a flurry of questions about when you need to be paid for time worked as an hourly employee. If you [are covered by the Fair Labor Standards Act](http://www.nolo.com/legal-encyclopedia/free-books/employee-rights-book/chapter2-2.html), which you probably are if working in the US, then this is pretty much any time that the employer controls, especially all time on task or on premises, even "after-hours" or during mandatory meetings / training. + +Many more specific situations covered in the attached document. + +https://www.dol.gov/whd/regs/compliance/whdfs22.pdf + + +I know that there is a large difference in emotion when real money is on the line. I’m asking because I’m currently 14 years old and in the coming years I want to try becoming a day trader. If I start by researching about the stock market and experimenting with paper trading know will it be worth if I try trading with real money in the next couple years? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I am in the market for purchasing an S&P 500 Index Fund on a monthly basis but I am overwhelmed by the amount of funds on offer. My question is should I buy a fund that is priced in EUR or in USD? For example these two funds are similar but the USD version (CSPX) is tracking higher than the EUR version (SXR8). Is this because of exchange rate fluctuations on each day? Is it better to buy the USD denom version and worry about exchange rates when I sell or better to stay with the EUR version? +This is obviously not a huge deal for many people in this sub. I used to be much better about budgeting...life happened and I fell off the rails. I've realized I have spent roughly $250-300 / month just on personal eating eating out as I made it a habit to grab some food after hitting the gym during my lunch hour. Unless work provided food, I was never bringing food to the office. + +With trying to be better about saving in general, and realizing I haven't contributing anything to my 401k or Roth in 18 months...a change needs to happen. + +I know I won't go 5 days / week of never eating out..but I needed to make a change and it doesn't benefit me health/fitness wise particularly but I will figure out a better routine. I went to the store and bought some healthy PB, organic jelly, and some healthy bread and decided to just make a sandwich at my desk every day for lunch. My work has various snacks so I will pick at those. I bought a handful of the 90 second uncle ben rice packets as well. I can take 2 scoops of protein powder with me each day as well. + +I'm not good at prepping my food late at night or in the morning..part of that is bad time management, laziness, and forgetfulness. So making the sandwich with the ingredients in my drawer is sometimes easiest. + +But I know I can certainly have a good use for $200+ / month besides putting it in my stomach. + +**EDIT - holy shit. Thanks for all the comments everyone, and the recommendations. I used to prep in the past just fell out of it. I can't believe something this simple blew up though.** +**Reference**: Full credit to Larry Smith that covered this back in 2019. + +I will summarise the key points from my research into this. + +**Introduction** + +As we know the DTCC was set-up to take advantage of a paper free, electronic system. This has raised issues of transparency as the system is a closed loop, enabling an environment where manipulation can occur through naked shorting. + +Regulation SHO was supposed to tackle naked shorting in the electronic clearing and settlement environment. However it has many loopholes that render it ineffective and the SEC themselves remain either intentionally or recklessly unconcerned about these loopholes. + +Regulation SHO defines locate and settlement requirements for any borrowed stock that was used to execute short sales. There are also trading limits on threshold securities that have significant FTDs. + +Normal participants must locate the stock before shorting it. Market makers are **exempt** from this and can do this without location. This type of naked shorting is aligned with the rules of Reg SHO and bizarrely ‘legal’. It’s only when the rules are not followed to the T, that it becomes illegal. + +Any naked short should be located in a 2 day period before settlement. If it can’t be, it creates a FTD. In this situation, a broker is supposed to close out the position in the open market. Market makers can maintain this for a longer 6 day period. + +In reality, these rules are circumvented and we end up with synthetic shares that DTCC treats as real shares. You could create an infinite number of synthetic shares and overwhelm the stock market to drive down price. The SEC lacks the resources and seems disinterested in actively policing FTDs. Market Maker “A” may be able to just ignore the FTD without penalty. + +**Location** + +As above, broker-dealers are treated differently and allowed to do a short sale without having the stock. + +Rule 203 (a) states that if broker dealers have ***reasonable*** grounds to believe that the security can be borrowed and delivered on or before the date that delivery is due, they can naked short. + +There are 2 types of lists for borrowing: + +1. Easy to borrow - lists of securities that are generated and policed by prime brokers. +2. Hard to borrow lists - intended to prevent naked shorting in stocks that appear on this list. + +So a broker dealer can short stocks appearing on the easy to borrow list without first locating the shares to be delivered at settlement. If they do not, it is a FTD. The SEC maintains that repeated FTDs are grounds for removal of the stock from the easy to borrow list. Stocks on the hard to borrow ”should” not be shorted before the stock is located. + +As you can see, there is a lot of a ambiguity in the SEC’s rules - particularly 203(a) and the “reasonable grounds” definition. As well as this, both lists are maintained by brokers and not the SEC. This makes the rules around them subjective and open to interpretation that can lead to manipulation. + +There is an additional list which is the **DTCC’s stock borrow program** \- this will be covered in another post. + +The SEC seems more concerned with maintaining liquidity than tackling naked shorting. The exemption that Reg SHO provides market makers is due to the belief that it is necessary to help with retail orders and maintain liquidity. + +It has become increasingly hard to differentiate between market makers and hedge funds. Some operate as both, which is a strategic business model that can take advantage of the exemption above. + +**Close-out Requirement**. + +Rule 204 covers FTDs. If a failure occurs, this requires action by brokers and deals from whom the stock was borrowed by requiring them to buy and close out the stock on the market. Settlements will occurs on a T+2 basis. + +There are even more exemptions to this rule. If a MM has a FTD but can show that this came from well intentioned market activities, the close out can be extended to T+5. If it is still not closed out, the MM can not perform more shorts until they have closed. Obviously, there are ways around this, which will be discussed. + +**Threshold Securities** + +Rule 203(B) outlines the creation and operation of threshold securities lists. These are securities that have large and persistent Fail to Delivers that are a hallmark of illegal naked shorting. These are defined as stocks that have an accumulated FTD position totaling 10,000 shares or more for five consecutive settlement days and is equal to at least 0.5% of the issuer's total shares outstanding. These are openly published by exchanges. + +A stock on this list activates provisions in Reg SHO which are designed to eliminate FTDs. If the security is on the list for T+14, it must be closed out by purchasing the shares. The partidopant cannot perform more short sales without first locating or entering into an agreement. Market makers are **not** exempt from this. + +***In practice, this is fucking bananas. Most stocks remain on the threshold list for months. The FTDs are rolled over from one broker to another. After T+13, even though they are required to close out, the market maker can transfer the position to another market maker or broker and the thirteen-day countdown to a mandatory buy-in starts all over.*** + +***This is frequently used to allows FTDs for months or years.*** + +**Techniques Used to Circumvent Reg SHO** + +Given the SEC is content with the DTCC self-regulating its participants, there are frequently employed techniques to circumvent these requirements. + +1. Allowing “important“ hedge fund clients to ignore the locate requirement +2. Creating easy to borrow lists that inappropriately include threshold and hard-to-borrow stocks +3. Hiding FTDs through washed and matched trades, i.e. rolling over an FTD to another broker +4. Illegal stock sales in dark pools off the primary markets to avoid NYSE oversight and to maintain anonymity +5. No supervision that the locate requirement was satisfied for short sales +6. Fradulently marking short sales as long to hide naked positions. +7. Fradulently saying they possessed the borrowed securities or had located them. +8. Not making any effort to locate shares prior to short selling, +9. Entering into a made up option contract to hide naked shorting +10. Using the DTCC stock borrowing program mentioned above as a means to conceal naked short sales, +11. Putting through fake short interest and other reports to regulators - as we see with Ortex. +12. Hiding activity by falsely reporting synthetic shares as real shares in broker statements +13. Hiding the activity by issuing voting material to shareholders with nonexistent assets who have no corporate rights including the right to vote shares, +14. Not complying with requirements to investigate and report suspicious transactions to regulatory authorities. + +**Elimination of the Uptick Rule** + +A big change in the governance of shorting was also the elimination of the uptick rule that required an increase in the stock price before allowing a short sale. + +Bernie Madoff helped eliminate the uptick rule in 2007. Madoff had a MM and HF firm, which routinely participated in illegal naked shorting, as well as his ongong Ponzi Scheme. + +The SEC defended this by saying the uptick rule reduced liquidity. Another example of the SEC prioritising liquidity over tackling predatory techniques and protecting investors. The SEC endorsed and defended the decision stating that the uptick rule reduced liquidity. + +**The Role of the DTCC** + +**DTCC**\- US clearing and settlement services and a central securities depository. + +**DTC**: a subsidiary and depository for almost all US securities and keeps records of transfers through electronic record-keeping of securities balances. + +**NSCC** \- a DTCC subsidiary that provides clearing and settlement for almost all securities transactions in the US two days after a transaction (T+2). It also guarantees completion of certain broker-to-broker securities transactions. + +As we know the DTCC is owned by Prime Brokers. Prime brokers have hedge fund support which makes up a significant portion of their net income. + +**DTCC Performs a Critical Function but also Facilitates Illegal Naked Shorting** + +There are significant loopholes that facilitate an illegal enterprise. The subsidiaries use Continuous Net Settlement (CNS) and the Stock Borrowing Program to facilitate efficient liquid markets in securities. These have loopholes. + +Market Makers can exploit these loopholes to create synthetic shares. Hedge funds can be involved in this but have plausible deniability as they don’t execute the trades themselves. + +The amount of synthetic shares and FTDs are staggering but the data is locked deep inside the DTCC, which allows it to circumvent regulatory oversight and reporting. This gives it an effective monopoly which can work to the benefit of Prime Brokers and as a fuck you to everyone else. + +The process of creating synthetic shares is complex and understanding all aspects usually requires a team of highly skilled lawyers specialising in securities law, clearing and settlement procedures. + +1. **Physical Transfer of Stock Certificates Has Been Replaced by Electronic Data Entries**. Stock certificates are now stored in a central vault in the DTC. When an investor buys a security through a broker, the investor’s name does not appear on the stock certificate. They are categorised by the broker dealers, called a “street name”. +2. The actual custody, physical control and even the official ownership of stocks (and other securities) is done through Cede and Company, which processes on behalf of DTC. This is another private company in partnership with the DTCC so technically Cede own all listed shares in the US and all investors have are contractual rights. + +This has some advantages - rapid settlements. But this is also non-transparent. It is a mind fuck that the SEC has been happy waiving control of clearing, settlements and custody to a private company. In theory, number of street name shares = registered shares in Cede’s vault. In reality, Wall Street creates massive numbers of synthetic shares. Once created, the DTCC does not differentiate between synthetic and real street name shares. + +It also means that “*while you may think you are buying registered stock, you are actually buying a financial derivative. Effectively, you are buying a financial derivative from brokers of a financial derivative they hold from Cede that is just a digital entry in your DTC account.”* + +You own fungible derivatives and untraceable commodities. + +&#x200B; + +>Operating in this black hole of important information they use loopholes in the clearing and settlement system administered by DTCC and loopholes in the ineffective SHO regulations to create counterfeit shares at will. They can and do expand the supply of street name securities through creating counterfeit shares to overwhelm demand and drive down the stock price. +> +>You can see this scheme at work almost on an almost daily basis. All too often, when a Company reports approval of an important new product, the stock trades up slightly and then trades down to a lower price than before the announcement  to the amazement of investors who are long the stock. The same thing can happen with achievement of a meaningful, clinical, regulatory or financial milestone. Why? Because there are hedge funds who have been shorting the stock and have huge outstanding short positions who stand to suffer huge losses if the stock price increases. In self-defense, they launch a short attack spearheaded by creating counterfeit shares arising from illegal naked shorting. The clear intent is to make good or great news appear to be badly received. Jim Cramer was a long time hedge fund manager before becoming a commentator on CNBC. In this famous [interview](https://www.youtube.com/watch?v=gMShFx5rThI),  he fills us in on how he and other hedge funds routinely manipulated stocks. +> +>God forbid, if a company you are invested in reaches a point that it becomes apparent that it has to raise equity. The hedge fund gang jumps in and start shorting in anticipation of an offering. The hedge funds have had great success in persuading other investors that equity offerings are bad for investors because it dilutes their shares. In most cases, this argument is total nonsense because companies are raising money to enable the completion of projects that will enable them to become successful, i.e. executing an important clinical trial, building infrastructure, etc. Raising equity to enable companies to grow is the cornerstone for our successful economic system. Claiming that equity raises are dilutive and harmful is something that Vladimir Lenin might have said. +> +>In the vast majority of cases, the stock slides sharply when the deal is announced. For small emerging companies, the offering is then priced by Wall Street investment bankers at a 10% discount to the already distressed price and often warrants must be attached in order to attract buyers who all too often the hedge funds who have shorted the stock. Yes, I know this is illegal, but hedge fund A buys stock on an offering to cover for hedge fund B who has been shorting and they switch positions to cover the short and split the profits. This is a routine practice. In the end, this does lead to enormous share dilution, which causes untold harm to investors and emerging companies who are so important to economic growth. The winners are Wall Street and hedge fund employees and real estate brokers in the Hamptons. + +**Continuous Net Settlement System Used by the NSCC** + +In the old days, if you bought a stock from another investor, you would own the stock certificate. Given the sheer size and complexity of electronic transactions that is here in the modern age, the solution by the NSCC was to not handle each trade individually but to use a system called Continuous Net Settlement (CNS). This centralised and automated the accounting of settlements. + +In the CNS system, Prime Brokers have an account with the DTC along with market makers, hedge funds etc. Everything is electronic and in real time so you can immediately see the status of specific investments in accounts. + +The clearance and settlement system of the NSCC functions through a system called multilateral netting. + +You have a customer order. Broker A buys 10 shares of GameStop from Broker B. Then later Broker A sells 10 shares of GameStop to Broker B. In the new approach, these 2 trades are netted so there is no movement in the electronic certification. In the real world, there would be complex trading with multiple buy/sell with multiple participants for GameStop stock. + +NSCC settlement T+2. At this time, all NSCCs member are netted for the stock in question. They are further netted against any previous trades in which there were failed to deliver securities. If the Prime Broker has sold more shares than it has bought (net short), it owes shares to the NSCC. The inventory of XYZ in the broker’s account at the DTC is checked to see if there are available shares that can be transferred to cover the short obligation. In the case of net long positions, they are automatically credited to the member's DTC account. Also, daily money settlements are debited or credited to the member's account. + +Example: During the day Broker A might handle multiple transactions in a stock for its customers as follows: + +1. Sells 500 shares to Broker B +2. Buys 1000 shares from Broker C +3. Sells 2000 shares to Broker D +4. Has 500 shares of XYZ on deposit at its DTC account + +Broker A at settlement (T+2) is net short 1000 shares of XYZ (-500+1000-2000+500) and turns to the Stock Borrowing Program. + +**NSCC’s Stock Borrow Program** + +When a broker is net short, it has T+2 to locate and deliver. But as above, there could be a situation where a broker is net short of XYZ on settlement day and does not have enough shares of XYZ in inventory to cover. I + +Under CNS, the NSCC guarantees the trade so that even if the seller of the stock fails to deliver, the transaction goes through. This can be used to create counterfeit share.s + +The DTC knows every member’s position. If a member is net short, the DTC reviews the number of net shorts of the shares of the XYZ to determine if the DTC itself holds enough to settle. If there are enough, the DTC offsets the net short and the shares are sent to the account of members who loaned them. + +If the member does not have enough to cover, the NSCC will borrow through their Stock Borrow Program. + +This allows members with net long positions to lend out shares to members who are net short. So Broker A who is net long on GameStop can put it in the program and Broker B can loan it as it has a net short position and needs to cover. The program is continuously updated by members stating how many shares they are OK lending. Once this is established and covered, this cures the failures to deliver at settlement. + +**Creating Counterfeit Shares through the Stock Borrow Program** + +This is of course abused through loopholes. + +Example: + +>Let’s assume that the parties in a hypothetical example are Hedge Fund A, Broker A, Investor B, Broker B, a market maker and the DTC and NSCC. Let’s look at a highly simplified example in which Hedge Fund A asks broker A to short 2,000 shares of XYZ at $10.00 per share. +> +>1. Broker A transmits Hedge Fund A’s short sell order to a Market Maker in XYZ stock (this could be either the broker itself or another market maker.) +> +>2. The Market Maker confirms immediately to Broker A that the trade is complete without first locating the shares; he is naked short the stock. Under Regulation SHO this is legal. +> +>3. Investor B through Broker B buys the 2,000 shares offered by the Market Maker at $10.00 even though the market maker has not located 2,000 shares to borrow. +> +>4. If at T+2, the Market Maker still hasn’t found a locate, he is in a fail to deliver situation. In the system of the 1960s, the trade would have been broken and $20,000 would be returned to Investor B’s account, but because the NSCC guarantees all transactions, the stock borrowing program comes into play and the settlement proceeds with the NSCC borrowing stock from other member firms. +> +>5. The DTC identifies Broker C having a net long position of 2,000 shares which it is willing to lend to NSCC. +> +>6. At settlement (T+2), Hedge Fund A’s account at the DTC is credited with cash of $20,000 (2,000 shares at $10.00). Investor B’s account at the DTC is now credited with owning 2,000 shares of XYZ at $10.00 even though the market maker failed to borrow the shares. Broker C is credited to receive interest on $20,000, the value of the stock it has loaned. +> +>7. Broker C loaned 2,000 shares of XYZ, which it took from its customer accounts, to the NSCC. However, the NSCC accounting credits customers of Broker C with still owning 2,000 shares of XYZ. +> +>8. This is the critical point at which counterfeit shares have been created. The NSCC shows customers of Broker C as still owning the 2,000 shares of XYZ. However, Investor B is credited as owning the same 2,000 shares. Presto, there are 2,000 new counterfeit shares outstanding that were never issued by the Company. +> +>9. Under Reg SHO, the Market maker has until T+6 to locate stock and close out the 2,000 shares of XYZ it has borrowed through the stock borrow program from Broker C. Under Regulation SHO, if a locate has still not been found at T+6, the Market Maker must purchase 2,000 shares in the open market and return them to Broker C. However, Wall Street has a bag of tricks to get around this requirement. One of which is simply to ignore it. Another is to roll the position to another broker-dealer. Oftentimes, fails to deliver can last for months or years. The SEC seems strangely unwilling or unable to enforce this provision of Regulation SHO. + +If the FTD is not addressed, the NSCC system does not differentiate between synthetic and real shares. Both the 2,000 legitimate shares that were originally in the customer accounts at Broker C and the 2,000 new unauthorized (counterfeit) shares given to Investor B can both be loaned to cover other net short, fail to deliver positions. This process can be repeated ad infinitum to flood the market with counterfeit shares. + +There are many ways that this process directly benefits Wall Street at the expense of retail shareholders. Shares loaned by Broker C to make good on the Market Maker’s delivery obligation actually do not belong to Broker C. They come from customer’s margin accounts who do not know their shares are being loaned. Meanwhile, the Broker is receiving interest on the cash value even though they have no ownership. The customers receive no economic value. The interest of the Broker is to see the price rise. Loaning to short sellers who want the stock to go down is against their interest. With the stock borrowing program, brokers put their own economic interest before their customers. + +**Why Do It?** + +Shorting is extremely popular amongst Hedge Funds. Firms benefit from lending through the collection of interest and associated fees. Estimates are that 20% of net income for large investment banks comes from shorting selling. + +Issues: + +1. Liability is unlimited - if you buy a stock, your lose is capped at your investment. If you short a stock, there is no limit to your liability. +2. Kalo Bios was about to go bankrupt and trading at $0.25 per share. An investor shorted 4000 shares, thinking they could could $1000. Martin Shkreli came in and initiated short squeeze that drove the stock to $40. 00 per share. The investor ended up with a loss of about $160,000 based on a $1,000 investment. +3. Short sellers have ongoing costs via interest on a loan. If the stock price increase,s more collateral and cash is required and the interest increases. This creates a sense of urgency when shorting. +4. You have to have incredible timing. If you buy and hold, there is no cost for you. If you short, there is an ongoing cost. The short seller has to have precise timing . +5. Over the long term, buying is a winning result and shorting is a losing result. +6. Shorting is anti-social - you are selling something you don’t own to drive down the price of a company so that everybody loses (the investors, the employees, the business, the customers) + +**The Implications of FTDs** + +&#x200B; + +>Here is what happens when an FTD is rolled over, no buy-in occurs or is simply ignored. Let’s use an example when Market Maker “A” receives an order to short 10,000 shares of XYZ at say $20.00, but can not immediately locate shares to borrow: +> +>1. A hedge fund delivers an order to short 10,000 share of XYZ to Market Maker “A” +> +>2. Market Maker “A” immediately shorts 10,000 shares without locating shares to borrow. +> +>3. Some customer(s) of Broker “X” buys the shares. +> +>4. The hedge fund receives $200,000 in cash from the customer(s) of Broker “X” at T+2. +> +>5. However, at T+2. Market Maker “A” has not located shares to borrow and deliver to the customers of Broker “X”. +> +>6. NSCC steps in to guarantee the settlement of the trade. It borrows 10,000 shares from a customer(s) of Broker “Y”. +> +>7. These 10,000 shares of XYZ are credited to the customer(s) of Broker “X”. They now show 10,000 shares of XYZ in their accounts. +> +>8. The problem is that the NSCC borrowed 10,000 shares of XYZ from customers of Broker “Y” and they are also credited with owning 10,000 share of XYZ. +> +>9. The customers of Brokers “X” and ���Y” own the same 10,000 shares. This is how counterfeit shares are created. +> +>10. Because of continuous net settlement used by member firms of the DTCC, these shares are commingled in the inventory of the Brokers “X” and “Y” and can’t be traced to individual accounts. +> +>11. Customers of Broker “X” now own 10,000 counterfeit shares of XYZ, but they can’t be distinguished from legal street name shares. +> +>12. These 10,000 counterfeit shares can be loaned out to other short sellers. +> +>13. Market makers and hedge funds working in concert can create a virtually unlimited number of counterfeit shares. + +Acknowledgements - [https://smithonstocks.com](https://smithonstocks.com/comp/) +How do you guys stay committed to the dividend investing strategy, which is required in order to see the benefits of compounding? I’ve held some big positions for a few years now and the quarterly dividend received has remained pretty flat. +The share price has taken a nose dive and is down 50% in the past month, largely down to a slowing in growth of the business. As well as some questions around the governance of the business. + +However, the CEO who previously had the 'golden share' of the company has now given this up as THG works towards being included in the FTSE 100 indices. There haven't been any fundamental changes in the way the business is run and it's got an extremely strong business model as we move faster and faster into an e-commerce dominated market/ future. I feel like it's current share price is undervalued at £2.45. + +I wondered where other people sit with THG +I feel like there’s a consensus on stock forums that a catastrophic market crash akin to the dot com burst is happening soon. They use historical prices to back it up, and they inform anyone who’ll listen to sit on large quantities of cash, because everything will come crashing down soon + +Is there anyone out there that thinks that won’t happen? + +I can see a -20% decline over the course of a couple months happening in the next couple years. I can also see certain industries that are inflated to come crashing down. If you see what happened to [ZM](https://i.imgur.com/IumMxau.jpg) from October to December, I can easily see something like that happening to a variety of different growth stocks that are completely mispriced. + +But we also have companies making a LOT of money that can justify a lot of the prices. AAPL made over $100 billion **in a single quarter**, and they’re growing 20% YoY. They have almost $200 billion in cash alone, and they’re innovating and finding new ways to make money. Why is a $2 trillion market cap unreasonable? + +Same with AMZN, MSFT, and other big tech companies. Unlike the dot com levels, tech companies are actually making a lot of money. I personally can’t imagine a -40% market drop that later stagnates for years on end when companies like AAPL have most cash in hand than their entire 2010 [market capitalization ](https://money.cnn.com/2010/03/29/technology/apple_valuable_companies.fortune/index.htm). + +I know this post is going to get of snark, but I hope we can have an actual discussion. The people who have been screeching “MaRkEt CrAsH iMmInent” are the ones that have been losing the most these last few years (by having large portions of their money uninvested in the midst of an incredible bull run) + +With investors finally realizing the potential these tech companies have nowadays, and with tech companies making more money than what was once ever thought possible, does anyone else think a catastrophic market crash just.... won’t happen? +I must admit, what they pulled here was pretty clever, but in doing so, it's pretty hard not to make it obvious. + +The proof is in the volume, price action and most importantly the borrow rate. + +If they were to have messed with and slowly accumulated DRS shares and then sold them, there would have been price action impact or volume impact because when DRSed shares are bought and sold, they hit the Lit markets - we know this already. + +So, let's start out with the safe assumption that they have been slowly accumulating DRSed shares which has been overinflating DRS reported numbers over the last few quarters. Remember, they wouldn't want to buy them all at once as it could drive the price up, coupled with they want retail to slowly gain confidence and feel like the momentum is going in their favor via the reported DRS numbers. + +We would have needed to see some sort of indication that someone was accumulating DRSed shares to slowly over inflate the numbers the last two quarters via price action AND volume. Below is the graph where I believe they had to bring out the hail marry card due to the rate of DRS and them starting to lose the ability to control the price via shorting: + +[Price Action from where they acquired DRSed shares \(source: webull\)](https://preview.redd.it/opb6wmqb0y4a1.png?width=1265&format=png&auto=webp&s=c38f18a7a587c92bc548509f8d57dc4ec2a0ff4a) + +Now, one might say, Biggie, we have seen numerous random runs on volume before since Jan. 2021, how are these any different? + +Well, borrow rate is king and it exposed the shit out of this. The borrow rate on GME has been dead on GME since the Jan 2021 and actually went down on the March 2021 run. NOT THIS TIME: + +[Borrow Rate & Shares Available to short from where they acquired DRSed shares and shorted - grey bars are shares available to short, yellow line is pirce, reg\/green bar chart is borrow rate \(source: chartexchange\)](https://preview.redd.it/gfpzijoc0y4a1.png?width=2000&format=png&auto=webp&s=190cf3710013ae4a7325eac9c120caf6f93b4328) + +Wow, after the entire time since Jan. 2021, you are telling me out of nowhere, for some reason these runs in the share price in 1Q22 and 2Q22 have increased borrow rates, particularly two of the runs being days before the books close for GME??? + +Lets take a trip down memory lane because this formula is pretty simple. Borrow rate goes up based on one of two or both reasons: + +* Low access to shares to short +* High demand for shares to short + +Both drive the borrow rate up. + +&#x200B; + +So what happened? + +They bought shares to inflate the DRS numbers WHILE also shorting on the way up to control the price, as soon as they were done buying, they didn’t need to short much to let the price fall, they just let retail take option gains as these are large quick moves, option holders are incentivized to take gains on IV spikes which naturally pushes the price down without needing to short much. And you see it clear as day, price rises WITH borrow rate going parabolic as they are coming at it from two angles by reducing shares to short, but also shorting on the way up (you can also tell this due to on the runs, there are almost no shares available to short until after the runs are done). + +So when did they unload these shares?… I can’t believe they are this dumb, but frankly it couldn’t be more obvious: + +[Price Action from where they unloaded DRSed shares \(source: webull\)](https://preview.redd.it/uej4l3ld0y4a1.png?width=1265&format=png&auto=webp&s=3fc34e53c9464c8487f1c4109f792694cb779e17) + +[Borrow Rate & Shares Available to short from where they unloaded DRSed shares and shorted - grey bars are shares available to short, yellow line is pirce, reg\/green bar chart is borrow rate \(source: chartexchange\)](https://preview.redd.it/p692n56e0y4a1.png?width=2000&format=png&auto=webp&s=9d460e2f3751542a8bd2d71867515737c5d72871) + +Literally the day after 2Q22 borrow rate stops moving up, we see one slight push in the price where they proceed to start unloading the DRSed shares they had accumulated and surprise surprise: You see price drop from shares being sold on the LIT exchange, coupled with the borrow rate tanking and access to shares to short hitting all-time highs as they are opening liquidity by unloading DRSed shares and also not needing to short on the way down since they are selling shares. + +There you have it, they are dumb as fuck. + +&#x200B; + +TLDR: Shorts manipulated DRS numbers for 1Q22 and 2Q22 by buying via computershare and 3Q22 by selling their computershare position. Their move is exposed via price action, borrow rate and shares available to short. Clear as day. + +&#x200B; + +Note: + +I’ll say one last thing, these people are dumb, but not that dumb, this move is so blatantly obvious that it tells me they are desperate, this really seems like a hail marry type of play, but time will tell. + +*From a bird's eye view, this also explains the sideways trading since March 2022.* + +&#x200B; + +*Edit: my Q1 end date is off by a month in the borrow rate charts, should be ending may 31, 2022. Doesn't change anything.* +Hi everyone. I made a post the other day on how I paid a big (to me) deposit on a orthodontic treatment I changed my mind about. I hadn't slept properly in the last several days and was sick to my stomach at the thought of going through with it and honestly I kind of felt pressured by the tech assistant to do it. Many of you here were lovely and trying to help me reframe my mistake, and a lot of you gave good advice on speaking to them. Special thanks to /u/GettingRedi to help me frame my discussion with them and /u/drcus who explained that it is unlikely that they had ordered the aligners yet if I haven't signed the contract yet. I phoned them up on Monday morning, and told them my feelings and true enough, they didn't order the aligners yet and were absolutely fine to refund my deposit - in full. The money has reached my account today and I am relieved. + +Thank you so much to the nice users here. I seriously was so down about it and was thinking I should go through with it since I paid the deposit. I do want to say also, I think there are a lot of harsh downvoters here and people who made me out as crazy, but overall I got good advice and was able to sleep again yesterday. Hopefully one day down the line I can look at doing Invisalign again with an ortho I trust and feel comfortable with. +Since Thursday, I have seen more inexcusable garbage posted here than ever before: + +-A ‘Retard’ meme with a background pic of someone with developmental disabilities. No. Our use of the word is self deprecating. We make fun of ourselves. + +-Multiple BCG Posts calling out anyone that ever worked there, doxxing and implying threats. + +-Now today a meme with KKK gear in a pic?! Saying don’t fuck with GME? + +Everyone check yourselves. + +Context is important. And so are narratives. + +Edit: We’re all pissed at Wall Street. No excuse to lose decorum. Let’s keep it classy San Diego…and let the narrative be the truth-Wall Street lost this trade fair and square. Keep that perspective before you post anything. + +And if you need to figure out the nuances in any aspect of any of this, we’re here to help. For example, aside from just simple decency, do you think RC wants his brand to be this type of shit? The kind of narratives created above will tank the stock faster than ‘a’ Led Zeppelin went down in flames…and faster than the titanic going down in an iceberg slalom course… +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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(Edit to add, 449 MOONs.) My fiat is in index funds. +* I bought BTC at around $1000 in 2013. +* I bought ETH at around $10 in 2017. +* I haven't sold anything or taken profits, with the exception of a couple of ETH a few years ago for a trip to Vegas. +* I will sell 80% of my holdings when they reach $5 million. I'll quit my job and buy a house. +* I'll hodl 20% forever. +* Everything is in cold storage. +* The graph starts at $100k because I didn't keep track of my money until 2013. +* Please don't wrench me. +Basically title, but with the caveat that to be effective it seems there must also be some provision for the distribution of that percentage, so that the executives don't take it all and everyone else gets minimum wage. Another possible caveat could be that a truly evil/machiavellian company could simply hire more people for the purposes of lowering everyone's salary, but I'm not sure there is a clean way to prevent that without secondary effects. + +From my naive perspective this idea seems different from mandating the price of labor like a minimum wage law does. + +If this idea has already been tossed around, has it been tried anywhere? What were the results? + +Edit: In response to UpsideVII's comment, I realize the title/question is confused since "Profit is revenue minus costs and wages are a cost. So 0% of profits go to paying employees by definition". Instead, his suggestion of "setting a fixed profits to wages ratio" seems a more workable definition. More generally, I'm wondering why there isn't a more direct solution (or if there is, please inform me of it) to this problem of somewhat "liquid inequality" where a company can just decide to dump all of their profits into whatever they want, regardless of the ratio of profits to wages. I get being too strict with this ratio (if set at a national level) would make US companies vulnerable to international competitors who have no such limit and dump everything into R&D or somesuch, but surely establishing some ratio is better than none, or am I mistaken? + I know there have been a lot of posts about NOK recently across several different subreddits, but I recently did some due diligence on the the stock and wanted to share my findings. + +I originally had a lot of links in this, but it led to the post getting auto-removed. Let me know if you would like any sources. + +# History of Nokia + +If you've seen any of the recent Nokia posts over the last few months, a common comment you will see is: "Nokia?!? That stock has been trading sideways for years!" + +While yes that is true, it is important to understand why. Let's take a look. + +**2000-2013** + +Nokia dominated the mobile phone market during this time due to a quality handset. NOK traded in the $50s during the Dotcom bubble and in $30s before the housing crash. However, they never recovered after 2008 due to struggling to keep up in software as the mobile phone market started to shift to smart phones. + +**2013-2019** + +When Nokia realized that trying to stay in the phone space was a losing battle they sold their phone division to Microsoft in 2013. For the next 3 years, Nokia was a large company in disarray. + +This did not get much better in 2016 when they acquired Alcatel-Lucent and decided to focus on networks. The merger did not go as smoothly as planned and over the next 5 years Nokia started "trading sideways" due to a bearish sentiment. + +Some investors stuck around through all of this due to a dividend being paid out, but that was suspended in 2019 so Nokia could focus on developing its 5G mobile networks. This dropped the share price down to $3.50. + +**2020-Present** + +In March 2020, sentiment started to change somewhat bullish as they announced Pekka Lundmark would be taking over as CEO. Pekka worked for Nokia for a decade in the 90s and most notably served as Fortum's, a Finnish state-owned energy company, CEO from 2015 to 2020. + +The bullish sentiment was shorted lived due to the pandemic crash dropping the share price to $2.42. It started to pick back up over the summer when it was announced that Pekka would take over a month earlier than planned. + +This was followed by rumors that there was a chance Nokia could win Verizon's $6 billion 5G deal. Hype around this brought Nokia's price above $5 for the first time since they suspended their dividend in October 2019. But in September, it was announced that Samsung won the Verizon deal and NOK fell down to $3.78. It fell even further to $3.37 in October when the rest of the market saw a down swing. + +Then it climbed back up to the low $4s, had a crazy January hitting $9.79 for about 10 seconds during to the meme stock frenzy, and has since returned to the high $3s low $4s after the Q4 earnings call. + +**Q4 Earnings Call** + +So what exactly did happen during that earnings call on 2/4/21? Why did it hurt NOK's price? + +A lot of people blame Pekka messing up the call with some pessimistic word choices, most notably the word "challenging." Why would he say this? + +It may just be his straight forward personality. It might have been an intentional sandbag so he can control future expectations. It may because Nokia prides itself on being on ethical company. I think it was probably due to a little bit of all of the above. Pekka using this language was not surprising. He said the exact same thing during the 2020 Q3 earnings call. + +So the rumors that Nokia may blow it out of the water during their Q4 earnings were unwarranted. Nokia did beat their expected earnings, but because of a decrease in year over year revenue, people overreacted (just like they did when Samsung won the Verizon deal) and sold their Nokia positions. + +**Pekka's Tenure** + +Pekka has been in charge for 7 months during a global pandemic, but he has been able to make some progress it appears. Much of this information can be found in the Nokia 2020 Annual Report. + +* He trimmed their employee size by 11,000. +* He improved their free cash flow to $2.6 billion. +* Even with the decrease in revenue he nearly doubled their operating profit (page 82). +* He drastically reduced their net deferred tax balance (page 175). +* He created four distinct business groups with plans for these groups to be shared in more detail during during Capital Markets Day on 3/18. +* He replaced Nokia's CFO, CTO, and CMO (CFO happened before he took over) +* It appears he issued new shares to leadership. +* Pekka has a stake in the company (page 67 of annual report) with a long term goal to "Focus on increase in share price and restoration of the dividend". + * " In addition, Mr. Lundmark received an award of EUR 1.3 million of restricted shares on joining to buy out the awards he forfeited on leaving his previous employer. Mr. Lundmark was invited to join the co-investment based long-term incentive arrangement (eLTI) targeted to engage senior leaders with the long-term nature of our business and share price, and purchased EUR 2.6 million of Nokia shares against which he was given a matching award of EUR 5.2 million of Nokia 2020 performance shares. This investment by Mr. Lundmark aligns him with shareholders from the start and is a sign of his commitment and engagement with the company. Delivery of actual Nokia shares would take place in 2023 subject to performance conditions" + +# Bullish + +Here is a list of 28 deals and partnerships Nokia has established since December 2020. Some of these deals are not massive, but they span across 6 continents. + +**Largescale Network** + +* 5 year Multi Billion Dollar T Mobile Deal +* 7 year Belgium deal +* Deutsche Telekom in Germany +* France's Mainland 5G Network +* 5G Network in Austria +* Telecom Italia +* Cibicom ISP in Denmark +* Polkomtel Phone Provider in Poland +* Telenor Group in Thailand +* Ooredoo in Algeria +* 5G Network in Philippines +* Tele2 in Sweden, Latvia, Lithuania, and Estonia +* Ecuador +* Vodafone in Australia +* Saudi Arabia +* Singapore + +**Private 5G Deals** + +* San Diego Gas &amp;amp; Electric Private Network +* Port of Seattle +* Japanese Companies Conexio, Hitachi Kokusai, Nippon Steel, Omron and Sharp +* WEG Motor Manufacturer in Brazil +* Elisa in Finland +* Optus Stadium in Australia + +**Partnerships** + +* Google Cloud +* EU's Hexa-X 6G Project +* Brazil's Telecommunications R&amp;amp;D Center +* AT&amp;amp;T tests to deploy virtualized and open RAN +* Patents deal with Samsung +* LG Uplus trial in South Korea + +**5G is the Future** + +The confusing nature of 5G could be holding back the market's valuation of Nokia. + +* Nokia is currently trading at a market cap of $22-23 billion even with a 2020 revenue of $24 billion. +* A letter that Pekka recently published gives a decent explanation of what 5G is. + * In it, he admits "\[5G\] is exciting, but it can seem a bit abstract." But then goes on to describe some real world examples that really helps explain it. + * "Our partners saw unanticipated breakdowns and production line defects drop by 30% after installing smart video sensors in our manufacturing deployments. In the logistics sector, deploying augmented reality devices cut machine monitoring costs by half. In ports, remote-controlled cranes doubled productivity and eliminated staff injuries: an incredible 100% drop." +* This seems to suggest that there may be more uses for 5G worldwide than cellular networks. +* Nokia released a study stating that 5G could have an $8 trillion impact on global GDP by 2030. +* Nokia and Ericcson may have a duopoly on 5G with Huawei and ZTE being banned in many countries. This trend may continue. +* Some analysts have predicted massive (&amp;gt;1,000%) growth in the 5G market over the next 5 years. + +**Upcoming Events/Rumors** + +* **Capital Markets Day (3/18/21)** + * This is when we will get some true guidance on the future of the company. Not only will they lay out the strategic business plans for their 4 business segments as I mentioned above, but it should be when they make announcements toward potential a Dividend Reinstatement, Share Buyback, and future R&amp;amp;D decisions. +* **Annual General Meeting (4/8/21)** + * Not sure what they plan to cover during this, but I would assume it will act as a follow up to Capital Markets Day +* **Dividend Reinstatement** + * Most signs point to Nokia investing in R&amp;amp;D for a while, but based on Pekka's compensation package it should be back by 2023 at the latest. +* **Share Buyback** + * Nokia did buy back 1.25 billion shares in 2015-16 and 1 billion shares in 2016-17. So the rumors they plan to do this again could be true. They can purchase up to a total of 550 million shares both this year and next year. 550 million because it correlates to 10% of the companies total outstanding shares. + +# Bearish (Risks/Cons) + +* The meme stock frenzy has a long-lasting impact on the opinion of this stock. +* The dividend is not reinstated for another 3+ years. +* Pekka does not have what it takes. Nokia is a sinking ship and cannot be turned around. +* FCF is used solely for R&amp;amp;D and no shares are bought back over the next three years. The float does turn out to be too big to move significantly. +* Nokia may not be undervalued and their revenue streams may continue to decline due to network share loses and pricing erosion. +* Pekka has been very serious over the last two earning calls and things are going to get much worse/challenging before they get better. +* With a new US administration in place, the trend of banning Huawei and ZTE that they started is lifted. These two competitors then undercut Nokia pricing. +* 5G is no where near as big of an industry as the experts predict. Covid continues to slow the rollout of 5G well past 2030. +* 5G is too confusing and never gets the buy in from today's investors. +It’s been 7 days since I purchased a Call option. The need to not stare at my phone is a nice feeling. Though I do miss the excitement of making $500+ in an hour. I don’t miss the sickening feeling of knowing the market crashed over the weekend or a bad tweet can ruin my account. + +Now I’ve been wheeling. I enjoy selling covered calls over selling puts. Because I like that I can still make gains if my underline moves up as long as I keep the strike far enough OTM. + +Right now I’m working with NIO, Appl, AMD, and Space. +Been living in my car for 4 months. Barely scraping thru DoorDash. Car shit the bed on me a few days ago. I'm basically fucked! + +So out of pure spite I applied to Job Corps to become an auto repair technician. Free room and board, food, a place to shower and work out. Free education. Free stipend. Free everything. They're even paying for me to fly to Vermont because that's where I wanted to go. + +Between 16 and 24 and want a free trade? Don't mind compulsive sobriety and rules that will make you feel like you're lowkey in juvie? I recommend Job Corps. They have locations in every state, each offering different trades such as welding, HVAC, culinary arts, and much more. Check out their website. +I had sent her 240 sats via Lightning to a mobile wallet to show her how great it is. + +Now she has deleted the app. And we had not saved the seed phrase. + +You're welcome. +When i started trading i've been trying to make the best strategy that works i've had many failures but recently after so many attempts i've had a break through and it's finally looking good for me anyone that is trying so hard in this career path hold in there, it takes as much time as you have and it will work in the end <3 +Apologies if [this](https://www.abc.net.au/news/2022-07-20/homeless-crisis-million-homes-vacant-in-australia/101234424) ABC article has already been posted. + +There was one idea, repeated throughout the article, which really got under my skin.. + +>"We know of ratepayers from Canberra who have said they are putting their house on the market to help. They're doing it genuinely out of the kindness of their heart to benefit the community." + +Am I insane for thinking it ridiculous that Landlords are being "generous" in renting out their 2nd, 3rd, 4th holiday homes? They're getting paid, most likely a handsome mint, and local shire councils have to suck up to them with such gratuitously effusive language just to be able to house the homeless and staff warm bodies into coffee shops these Landlords frequent on their weekend away. How many hours does one of those warm bodies have to work in said coffee shop to pay these "generous" landlord their dues? +So in many comments on this sub I see people recommending investing in things like Visa and Microsoft. These stocks currently have a 0.57 and 0.97 yield respectively. Yes, they are both really good growth stocks. But my confusion is I thought people were here for dividend investing? Even with good consistent dividend raises, if the rate is starting at sub-1% how does that result in much of a significant dividend strategy, whether you’re looking for short term income generation or long term compounding? + +Again, I understand that these stocks have great growth prospects for share value, but if that’s why they’re being recommended then that seems to just be a general stock investing strategy that happens to have a small dividend rather than a dividend-oriented strategy, and would better be on a subreddit devoted to general stock investing. + +Am I just missing something here or does anyone else think that? Thank you for any information you guys can provide :) +I've been trading since march of this year. I am still searching for consistent profitability, but that all comes down to my mentality. Nothing to do with my skill. + +Anyways, after finding myself here, 7 months since i started. I notice how many beginners over complicate forex. Writing down tons of notes , looking for the small and precise information and mostly overthinking. I fell victim to this too. But I've come to learn that a lot of that is irrelevant. + +Honestly, what people don't talk about is chart hours and focusing on 1 pair. Wicksdontlie has a livestream I recommend everyone watch, I was in a separate discord group and learned all the basics, but from just watching his streams and watching the charts constantly (whilst making food , playing playstation etc) I got a proper understanding for what forex is and what I have to do to make it. + +But the fact people don't talk enough about focusing on 1 pair makes me wonder? If you sit in front of your laptop for hours watching 1 pair move you will get an unbelievable understanding for how the market moves and how YOUR pair moves. You notice the same things over and over again. + +I never studied imbalances, waiting for price to develop on higher time frames, lower lows and higher highs, patience, discipline, the different trading sessions (NY,LDN etc). All of that came to me naturally, from hours and hours on the charts, from backtesting and listening to Raja Banks and Uncle Ted's stream. + +Don't fall out of love with forex because of confusion etc. It's all due to your mind overcomplicating things. Think of hours on the charts like hours playing football. You get up and kick the ball from a young age, not thinking of the complications on how to hit an outside the boot pass or knuckle ball etc. The more hours you spend doing it the better you will become and the better of an understanding you'll form. Not only on the charts, but an understanding for YOU. What YOU need to do mentally to achieve success. 10% skill and 90% psychology is most certainly true. + + Enjoy your journey and prepare for a long ride full of losses and mental battles. That's what your signing up for. + +GL. +Barclays Rainey day saver currently offering 5.12% AER (up to 5000). + +To get this account you have to be a member of blue rewards scheme: + +To qualify for the blue rewards scheme you need to have £700 per month going into your current account and at least 2 direct debits. + +There is a £5 a month cost, but this is reimbursed if you meet the above criteria. + +So if anyone is a member of Barclays and meet these criteria. You should open a rainy day saver ASAP! +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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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) +Ok, you know that tweet from GMEdd about the `secrets.txt` file in the GameStop NFT release NFT (it's the NFT with an arcade game cabinet with the names of all the people on their blockchain team)... Here's the file, and if you remove `secrets.txt` you get the NFT itself... + +secrets file: https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/secrets.txt + +the NFT: https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/ + +Okay, now, you _can_ interact with the names and controls on the game, and you can even start a game where you control a rocketship that shoots at incoming asteroids... + +Okay, but instead of doing that, load the NFT and, _with your keyboard_, type the Konami Code with the arrow keys and the B & A keys: + +↑ ↑ ↓ ↓ ← → ← → B A + +You'll get to a screen with a 3D rocket in the clouds and the words "Mission Launch" and you can click & drag it all around... + +Okay, now input the Konami Code again (again, with your keyboard) and you get a 3D ASCII skull with the words "Power to the Puzzlers" Edit 3: And it's click & draggable too... + +Keep digging y'all... I'll bet there's more!! + +Edit 1: I found this rabbit-hole at first thx to [this comment](https://np.reddit.com/r/Superstonk/comments/vxf7dz/i_love_this_simulation/ifvnhwo/?utm_source=reddit&utm_medium=web2x&context=3) by u/b0oya who noted that there's this in the `secrets.txt` file that, when you Base64 decode it, says "Konami code" + +`S29uYW1pIGNvZGU=` + +Edit 1.5: See his post about this here: https://np.reddit.com/r/Superstonk/comments/vxh382/am_going_down_some_deep_rabbit_hole_based_on_the/ + +Edit 2: Okay, if you use your browser's DevTools to inspect the HTML of this page (the one with the NFT on it), you see this in the `<head>` + +`<meta data="UEc=">` + +When you Base64 decode that you get: PG + +...and there's this as well that says "Power to the Players" when you decode it: + +`<meta secrets="UG93ZXIgdG8gdGhlIFBsYXllcnM=">` + +Edit 4: Lots of [Gunters](https://readyplayerone.fandom.com/wiki/Gunter) in this post as well: + +https://np.reddit.com/r/Superstonk/comments/vxfh3o/this_post_from_gmedd_twitter_links_a_file/ + +Edit 5: As several commenters have noted, you can zoom in/out on both the 3D rocket and the ASCII skull... I'm using the scroll-wheel on my mouse to do it, not sure if there's another way... + +Edit 6: I don't have a ton more time to devote to puzzle solving... Also, not super good at it... Be sure to watch the comments for updates -- lots of SMRT ppl working on this still -- and the other posts that are working on it too... + +Edit 7: Been mostly AFK for the afternoon, had a thought tho and just tried it out with no luck, maybe someone else can do better (or else it's nothing)... This is the first I've heard the "Power to the Explorers" phrase... And I know you view blockchain data on a 'blockchain explorer', so maybe there's something we can find when we view a certain token or wallet (etc) on one of the many blockchain explorers (eg Etherscan)....?? + +Edit 7.5: Also, as anyone who has read/seen _Ready Player One_ knows, the first video game easter egg was in the game _Adventure_... Adventure? Power to the Explorers? Eh, seems like Im grasping at straws here, probably going to bed soon... + +Edit 8: See [this comment](https://np.reddit.com/r/Superstonk/comments/vxh4o5/power_to_the_puzzlers/ifx18zv/?utm_source=reddit&utm_medium=web2x&context=3) by u/MoonlightPurity for a great pastebin of data... + +Edit 9: BTW, I have no idea if there's anything left to discover here, just gonna keep trying to journal whatever we find until we discover something or run out of ideas I guess 🤷 + +Edit 10: u/masstransience noted that there's discussion going on in Loopring's #puzzlegang room I guess? I think if you wanna follow the latest wrinkles (because I ran out of them hours ago) you might wanna jump over there... Here's the link, from the 'loopringorg' reddit page: https://discord.gg/invite/loopring + +Edit 11: Some great DD on the rug in [this post](https://np.reddit.com/r/Superstonk/comments/vxhq8t/the_rabbit_hole_continues_the_official_nft_links/)... Probably some other great posts going on out there too, so be sure to look around... + +Edit 12: LOVE YOU APES! Also, thank you all for the updoots and awards 🥰 I'm doing my best to updoot/award/reply to all the comments, etc... + +Edit 13, the next day: Looks like we've figured-out the rug... That may've been the last unknown thing... Unless there's anything else we have yet to discover, or if anyone's already discovered anything new (I'm just reading through my notifications now...) Per u/calforhelp: "u/rarequark has solved the rug portion over on the GME sub. Check their profile for the post." +Idk, but looks like there’s a new shilling tactic on the sub this weekend. They’re throwing around low numbers with an overall positive message like “it would be too much money and I don’t want to change my lifestyle”. + +HODL as high as possible. Sell on the way down. But FFS don’t price anchor low numbers. If it’s too much money for you - just donate until you feel comfortable with the sum in your bank account. + +Not financial advice obviously. + +Hedges r fuk. + +Diamond fucking hands. +So if you follow Right-move, the market is currently being flooded with desirable flats in nice locations - some of it will be flats coming empty but an awful lot of looks like AirBnB owners shitting the bed. + +What do you think happens next? (or is it obvious). +This is a bit of an "off my chest" post. But I feel like there's a large percentage of newcomers around here (not to mention a decent percentage of veterans trying to recapture that feeling of being a newcomer) who need to hear it. + +**FIRE** + +**IS** + +**BORING** + +Now, if you’re new to all this, it might be news to you. After all, it doesn’t feel boring in that first phase. Your mind has recently been blown with possibilities for your life you never before considered possible; Everywhere around you, you see opportunities to optimize your spending, your portfolio, your spreadsheets; There are so many books/blogs/podcasts you need to consume to become even more informed on it and optimize your plan even more... + +You want that initial rush of excitement over all the possibilities to last and sustain you and motivate you throughout this entire journey. + +But the truth is, this phase doesn’t last. Within a year or two you’ll have consumed just about every shred of relevant information you can. Your plan has been written and rewritten a dozen times. You’ve had several dozen fights with your partner about whether or not it’s actually worth cutting another 2% out of your grocery budget and why the hell you have to keep the thermostat on 65 when it’s only saving $15/mo on your electric bill. Your spreadsheets have been stress tested and refined to levels of confidence several significant digits more than you’re actually capable of achieving… you get the picture. + +And now? + +You just keep going. You track your budget. You check in on your NW every few months. You rebalance your portfolio maybe once a year. It takes a grand total of *maybe* 10 hrs of effort in any given year. People call it the boring middle, but it’s really more like the boring remaining 99%. + +99% of this is just sticking to the plan for decade, after decade, after decade. Not for a year, or two, or ten. But literally however many years you have left in your life. Because the work doesn’t stop when you reach FI or retire. After that, unless you’ve just massively overestimated how much you need, you’ve still got to keep living on the budget you’ve set for yourself. And it's the same boring slog to just stay on track after retirement as it was before. + +People don’t fail at this because they’re missing some super secret knowledge that only the elite have access to. They don’t retire early because it’s just long, boring fucking work to commit to not spending money they otherwise could be for decades on end. + +So when you look at the front page of this sub and think “ugh, there’s just never any new content around here”. It’s because there **isn’t** any new content for people to post. 99.9% of what you need to know for this has been reiterated to death already on MMM, and ERE, and ERN, and Mad Fientist, and YMOYL, and r/FinancialIndependence, and god only knows how many other places before. And the actually new, interesting, relevant stuff takes a lot of time to put together and doesn’t come around on a daily basis to satisfy your habitual Reddit browsing. + +And that’s how it should be. You’re not pursuing FI for its entertainment value. You’re doing it because (presumably) you want to actually do something else with the security, freedom, and time it affords you. And if you are doing it for the entertainment, you're actually making it less likely you'll succeed here. Because the second the novelty starts to wear off, you're going to start looking somewhere else for it, and then it's all "ooh look, Tesla announced a new model". + +You want exciting? Go look at loss porn on WSB. + +You want to actually build a predictable and reliable plan for retirement that you can execute on over the course of decades? It’s going to be boring. +***Current and Upcoming News:*** + +1. Dogira and Bingus are teaming up + +2. Split or Steal is getting a Dogira event + +3. White paper imminent + +&#x200B; + +***Why they matter:*** + +1. We're going to save the animals, duh + +2. You can win up to 20,000 Dogira and other Dogira prizes + +3. It's basically brain-food for the smarty-pantses out there—and solidifies Dogira's evolution from memecoin to utility. + +&#x200B; + +***Now to the goods...*** + +Partnering with Bingus is a big deal because it's Dogira's way of moving toward one of our most requested goals: **\*providing care and resources to animals who need some love.\*** + +&#x200B; + +Bingus' sole purpose is to work with the crypto community and influencers to raise awareness of the need for animal care. Through their token **they've managed to donate more than $30,000 to different animal shelters and charities.** + +&#x200B; + +That's a business-sustaining amount of money for shelters that largely run off donations and grants. + +As we grow we'll continue to build charitable feedback loops so that all the animals out there that need care and homes can find them! Bingus is a huge step in that direction. + +You can check more about them here. + +&#x200B; + +***Splittin', Stealin'... Dogirain'???*** + +As some of you may know, Dogira's lead Dev, Eoghan Hayes, created the once #1 steam game, Split or Steal. And if you're privvy to upping the stakes, by the \*end of May\* a special Dogira version of the client should be released on the SoS site. + +&#x200B; + +Downloading this client and playing through it will allow you to **compete for a chance to win up to 20,000 Dogira.** With the current average price that's looking like a mighty fine haul indeed. + +&#x200B; + +Because Steam doesn't like gambling (someone should tell them the truth about lootboxes), **this event is being hosted off Steam servers. The winnings are real,** and your nerves will need to be made of steel... + +Except they don't because you don't need to bet token or fiat to win. Just rug your fellow competitors ;) + +&#x200B; + +***A good white paper is hard to find*** + +Finally, we're approaching the release of the Dogira white paper. The marketing team has been discussing unique usecases for Dogira, but finally, the time for speculation will come to an end. Another dev on the team, **Chris Husse, is currently hard at work putting the finishing touches on the paper.** + +&#x200B; + +&#x200B; + +&#x200B; + +If digging in and reading isn't your thing, there will be a number of TL;DR breakdowns for those of you who need your martinis shaken, not stirred. + +For now, this is what we've got for you! As always there are big things coming (whispers of a larger CEX listing...), as well as some adjustments to liquidity will prime Dogira for some serious breakout ahead of utility implementation. +I've accomplished a bit less than ten percent of that over the same time frame and I want to step up my game. If our discussion were a YouTube video, what type of questions would you want to hear answered? (Atlantic Canada) +Janet Yellen, the Secretary of the Treasury, claims that Crypto would be mainly used by criminals. + +But how does reality actually look like? + +Crypto transactions connected to crime have hit an all time low last year, just 0,34% of all transactions are somehow connected to "crime" (this includes your local guy ordering weed) + + + +What about the U.S. Dollar and other FIAT? + +The United Nations estimates that up to $4,000,000,000,000 annualy is connected to crime, which is up to 4% of global GDP. + + + +Why is no politician talking about that? + +[(source for claims)](https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +With over 50% of the float locked and counting, GME has to be way up there in terms of individual retail investor ownership via DRS. It got me thinking, this has to be some kind of record right? + +I'll update this post should I get a response. I think it would be pretty cool if GME held that record. Think of the coverage GME would get... +Prior to 2017, I tended to spend about 40 to 50 USD per week on "just for me" things. Then, in late DEC 2016 or early JAN 2017, I decided to let Google Docs decide my weekly FUN budget. + +It's a very simple spreadsheet. Just: + +expected 2017 income (fairly accurate) + +(minus) overall 2017 expenses (padded) + +(minus) this much to reach targeted savings amount (accurate to a dollar) + +(minus) in case of emergencies (padded) + +(divide) remaining amount by number of weeks left in 2017 + +I felt quite savvy when Google Docs estimated about 44$ per week. Anyway, it's now about 50$ per week because apparently, whichever sector of my brain is in charge of "fun" has decided that seeing this number go up is more fun than actually spending it. + +Edit - simple spreadsheet example + +Edit again - just a screenshot now because I'm not sure when PF will approve the spreadsheet + +http://imgur.com/a/DmPua + +Edit III - shared the imgur link to those who asked for spreadsheet. Apologies if I missed anyone. +I use WS Trade and it's been great. I wish you could set up automatic contribution to your accounts (as you can in Wealthsimple Invest). It would even be better if you could program it to automatically buy ETF's of your choice every month. I would not mind even paying a bit for this feature. + +For example, on the first of every month, transfer $500 from my checking account to TFSA, then buy as many shares of VEQT as possible once the money clears. + +I think my most successful investments have been those that were set on automatic and away from my eyes. Anyone know if there's a different brokerage out there with this feature already? +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. +I don't see Ukraine exporting much anytime soon and it would take a long time to add new production. So what should we avoid? Chipmakers, auto makers, electronics manufacturers.... + +AMC might do alright. People will be bored without electronics. + +[CNBC Article](https://www.cnbc.com/2022/02/24/russian-invasion-of-ukraine-to-further-strain-us-chip-supply.html) +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. + +*** + +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! + +Happy 4/20 Apes! + + +Here is my (now) weekly update on the ongoing transformation. + +New product types now available at Gamestop!!!! This is a big one..... + +**VIZIO TV'S AND SOUND SYSTEMS!** + +https://preview.redd.it/lad4zzwv7du61.png?width=1082&format=png&auto=webp&s=84a1208de1ab108fc63e7a73f74813b522f45f8a + +**DIGITAL CAMERAS** + +https://preview.redd.it/v7229igb7du61.png?width=1055&format=png&auto=webp&s=72c9725586bf5fcb25f50d8f6615b6c45b0f583a + +&#x200B; + +**Smart home devices including mood lighting! (they have added more than just Nano Leaf. Philips Hue products are now on the menu which I will be buying more of. I love these bluetooth lights!!!** + +&#x200B; + +https://preview.redd.it/sd1vutak7du61.png?width=1099&format=png&auto=webp&s=c88ce22bed13a0f140222b6fd68b80a7b121cb3f + +**Motion sensors and Electronic Padlocks:** + +&#x200B; + +https://preview.redd.it/mygvtyjp7du61.png?width=1076&format=png&auto=webp&s=1e610a09afa835f1e2b72f2f3b39aa09246e40ad + +**Jabra and more non-gamer headphones.** + +https://preview.redd.it/c2ru0zl38du61.png?width=341&format=png&auto=webp&s=6d8d489c92308b941094ecc1316c898f3d47fe9c + +**COSTUMES!** + +[That's it for this weekly update. The air purifiers and medical grade eqeuipment blew my mind over the weekend. These adds confirm that they are adding new stuff every week. The date on the Philips launch looks like yesterday, 4\/19 in stock. Buy stuff from GameStop and support your favorite Stonk!!! BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR](https://preview.redd.it/tu1h39a88du61.png?width=1066&format=png&auto=webp&s=eaa41b5adc7de3ff53674f7e43b579a78669d77e) + +Rocket Emojis, 4:20 Missing Leaf Emojis VERRRRY NICE! +Hi all, + +This one has always baffled me a bit. + +How are new cars like Range Rover which cost £50k+ so common on the road and among neighbours? How are they able to afford such expensive cars? + +Most of these people seem like on reasonable "normal" salaries, maybe £40k to £80k but I have no idea how they can afford cars like that. Maybe they lease it or finance it? How does the math work on such normal salaries? +What’s with all these demo traders posting a shit tonne of how-to’s and guides on trading, even though they blew their last live account?! + +It’s cringey asf and it’s all recycled information. How about you take the advice yourself, get consistent results with low drawdown and then post, because then you’d have some credibility. + +Rant over haha +As the title says, it is very important to secure and 2FA all your banking/brokerage accounts and email addresses. I would also advise everyone to change their password to a STRONG password related to NOTHING else. + +Also I’ve heard gmail is a lot more secure than yahoo and other email domains. It may be a good idea to change to gmail or do further research. + +EDIT 1: 2FA = multi-factor authentication + +EDIT 2: getting downvoted by shills already I see + +EDIT 3: (from the comments) Protonmail is very secure + +EDIT 4: it is important to secure you accounts because once you have a ton of money even your “friends and family” will want it. Some may even go to the extremes behind your back to receive it, so just secure yourself in every way possible. + +EDIT 5: there is a lot of good information in the comments (don’t just look at the top ones) + +Thank you everyone for the karma! + +BUY. HODL. VOTE. SECURE. +Remove if not allowed. + + +What accelerated you from basic FIRE to fatFIRE? I believe I can achieve FIRE through my 9-5, but part of me wants to be fat. What did you do asides from your 9-5 to become fat? + + +Sorry if this is not allowed; I'd appreciate it greatly if somebody was willing to PM me and spread some knowledge. + + +Thanks, +https://www.cnbc.com/2020/04/14/coronavirus-aid-us-airlines-treasury-department-reach-agreement-in-principle-on-aid.html + +>The grants will likely come with additional conditions. The Treasury Department has asked airlines to pay back 30% of the grants, essentially turning a portion of them into low-interest loans, according to people familiar with the discussions. + +Seems to be positive news for the market, DAL is up 6%, UAL up 7.8%, LUV up 5% +For every action there is an equal and opposite reaction. + +What we are seeing in the markets, and surprisingly the fact that we are seeing it means it is getting harder to hide, is the same thing the rest of us normals have to deal with. + +We sometimes have to sell assets we don’t want to, to buy time….time that will hopefully bring a different set of circumstances that help us out of a mess we got ourselves into or just because shit happens. + +Kenny Boi has said before he will do anything to just live to another day and you are seeing it play out in real-time. + +Bye bye Kenny Boi…have fun being poor when all the apes are on the moon. +Bogecoin was just listed on CMC AND CoinGecko last week!! + +Super promising token with tons of use cases, and best of all - RUG PROOF. Alot of tokens claim to be unruggable, but just had have their liquidity locked into another contract address which they still have access to. Boge burned the liquidity and sent it to a dead wallet, so that money is not accessible. I have a ton of trust in this team. More info below! + +Telegram : [https://t.me/bogecoin](https://t.me/bogecoin) + +Website : [bogecoin.org](https://bogecoin.org) and [bscgems.com](https://bscgems.com) + +Twitter : [twitter.com/bogecoin](https://twitter.com/bogecoin) + +CMC Listing : [https://coinmarketcap.com/currencies/bogecoin/](https://coinmarketcap.com/currencies/bogecoin/) + +CG Listing : [https://www.coingecko.com/en/coins/bogecoin](https://www.coingecko.com/en/coins/bogecoin) + +Bogecoin currently has multiple use cases with more in the works. See below! + +&#x200B; + +**Voting Application** + +Bogecoin powers the [BSCgems.com](https://BSCgems.com) Binance Smart Chain voting application. BSC Gems is a working dApp that allows users to submit and vote on newly launched BSC Projects. Voting rounds happen every week starting on Mondays. + +&#x200B; + +**Gem Finder** + +The Gem Finder is an application on the BSCGems platform, which allows users to find their newest Binance Smart Chain project. The Gem Finder shows important information such as financials and charting. + +&#x200B; + +**IDO Platform and Launchpad (in development)** + +The IDO platform is currently in development and will be used as a launchpad for tokens wanting to launch their project on the Binance Smart Chain. We will utilize our community and marketing (along with the other coins) in order to bring awareness and success to other coins. A percentage of the BNB Tokens raised will be burned to help push the BOGE price higher. + +&#x200B; + +**Other Info** + +This is a real (and doxxed) dev team that is active in their Telegram and takes community feedback frequently and incorporates it into their development initiatives. + +&#x200B; + +✔️ Contract AUDITED 📋 + +✔️ Ownership Renounced 📋 + +✔️ Original LP token BURNED + +✔️ Low Marketcap / Low Supply (under 1 million circulating) + +&#x200B; + +**Tokenomics** + +Initial supply of BOGE was 2,000,000, but 50% has already been burnt, leaving 1,000,000 coins in circulation. As a deflationary autostaking coin with a fixed supply no more BOGE can ever be minted, meaning your share will never be diluted. Additionally, for every transaction, 2% is burned and redistributed to token holders. +Edward Snowden's tweet on Coinbase's superbowl Ad is a reality check for Crypto exchanges, how they do business. + +Tweet +>Coinbase spending $16,000,000 on a Superbowl Ad to direct people to their website and $0 to make sure that website doesn't crash 10 seconds after the ad starts is do very internet + + +Exchanges are willingly spending huge lot of money on their marketing and all,but they don't want to spend a dollar to make sure their customer gets the best service.All they want is new customers. + +It's not just one exchange, most of the Crypto exchanges are doing the same.If they will spend even half of the marketing money to improve their customer service, improve their website,to give customers best experience they might get more customers. +[https://www.washingtonpost.com/nation/2020/10/07/coronavirus-covid-live-updates-us/](https://www.washingtonpost.com/nation/2020/10/07/coronavirus-covid-live-updates-us/) + +The chance of getting a new stimulus: **when pigs fly.** + +To make it short, when the stock market was open yesterday, Trump tweeted that he would not sign any new trillion-dollar stimulus into law until after the election. Then, later in the evening, he sent out tweets saying he would sign billion-dollar "skinny" stimulus bills, such as $1,200 checks and 135B for PPP. Mitch McConnell came out earlier in the evening supporting Trump's original position to not pass any new stimulus and promised to ram Amy Coney Barrett through the Senate. Of course, Jerome Powell is left in ruins. + +At this point, anyone who thinks we are going to get anything from the federal government, especially from Mitch McConnell, is way too optimistic. Get ready for a bumpy ride in the stock market, especially the election results would not be finalized until early December and hopes in new stimulus is as far reaching as seeing the end of the pandemic. + +Even if Trump changes his mind tomorrow, Mitch McConnell will be determined to butcher anything that comes from Nancy Pelosi. And, Nancy is not going to pass anything smaller than 2 trillions. We are not getting anything. +The pandemic has brought my family closer together (some more than others) and in the last 6 months we've toyed around with buying a home in a new city where ideally 5 separate family members (and their families) would also buy. + +That means we're looking for 6 homes in total with some other criteria: + +1. flexible on location +2. Good schools +3. Job opportunities for all (mostly medical family so pretty easy) +4. Airport within 1hr drive +5. Winter < 4 mos (need to define this more) + +But 6 homes in an established neighborhood will take a lot of patience and time. So then I thought maybe new development? Are there other options we should be considering?! +https://www.nytimes.com/2020/05/12/business/dealbook/fed-bond-etf.html + + +Today is a big day for the central bank, which will buy corporate bonds for the first time in its history. Its corporate bond-buying program was announced in March, as part of a package of pandemic rescue measures. + +The Fed will start with bond E.T.F.s. Most purchases will be in funds that hold investment-grade debt, the central bank said, but it will dabble in junk bonds. Direct purchases of corporate debt will follow. + +• The program, which is managed by BlackRock, will take $75 billion in equity from the Treasury and leverage it 10-to-1, giving it up to $750 billion to play with. +200k in savings (all in my bank account), no rent, no student loan, rent and food paid by the company and income around 100k/year (net). what should I do? 34 yrs old living in Canada. + +people say i am stupid keeping that money in my bank account but I honestly know nothing about finance +Hi guys and gals, + +I am posting in search of advice. I am working for some times on a neural network to predict prices of the market (particularly on the cryptocurrencies market). + +It turned out that I recently achieved to get unexpectedly good results. To be more precise, when my nn reaches a decent amount of confidence on its prediction (which happen about 10% of the time), its accuracy on predicting the trend on test data in 12 hours is more than 80%. There is nothing really new about the architecture I am using (hybrid convolutional/GRU layers), but the way I preprocess the data is original. + +I have not seen these kind of results in the literature, so I was wondering what should I do from here? Is patenting the idea a reasonable idea? And if I want to sell it, where should I start? Any idea of the value? + +Any advice is welcome, and if this post does not fit here, please tell me and I will remove it. + +Cheers. +If you think our adversaries are happy about the price being down at $20 you’re wrong. By this point in the saga they’ve successfully brainwashed the populace enough that there’s hardly anybody new left to invest in GME. It’s about 250k apes vs. the cabal we’ve all learned so much about over the last two years and that’s it. + +When it finally starts running for real we’ll have a bunch of fomo participants who have been sitting on the sidelines jump in, but I suspect the enemy will manufacture it to make it near impossible to buy during that period. It won’t technically be position close only from major brokers but it will be pop up messages saying ‘in order to buy this highly volatile security you’ve got to call in’. Wait times will be purposefully insanely long and few if any people will be able to buy. + +So this is it in my opinion, the current participants, long and short, are it when it comes to the GME play. And they know we’re not scared of the dip, that we embrace it. They’ve smashed the price four or five times now since the first rug pull during the sneeze, and they had front row seats due to being in control of the order routing to see that apes just ain’t selling. + +But put yourself in their shoes for a second. What other play is there when your back is finally and truly against the wall than to smash the price down to ridiculous lows? They know we’re not selling at $50, $100, $250, and so on. And everything points to their whole game collapsing due to margin requirements if the price were to run up to even $100. + +They couldn’t leave the price where it was in the mid to high 20s because while it was boring price action over the last four months we all kept buying and direct registering anyway. + +So if they left it in those mid to high 20s that would indeed be going out with a whimper as shares outstanding were all slowly but surely registered up until their breaking point. + +Going out with a whimper is not in the enemy’s psychology. These are psychopaths who have always gotten their way, who use fear and intimidation as their sword and shield. The current situation is unfathomable to them, the last two years is unfathomable to them. It’s fair to say they’ve never encountered something like this, where their trusty, relied upon tools of manipulation, fear, control, and intimidation fall upon deaf ears. + +I say to all of you who are short GME or colluding with those short GME, I will never sell. Never. There’s nothing you can do to change my mind. Get this sub taken down on false pretenses, have your slaves in MSM write more of your lies, smash the price down as low as you want. I’m going to keep buying, holding, and putting my shares in DRS book no matter what and I know beyond any doubt that there are at least 250k investors who will do the same until the job is done. +We've all seen the posts of various office buildings with their lights on at odd hours of the night these last 2 days. Now what is the significance of these you might ask? I'm hoping to share some of my thoughts in an effort to connect (more significant) dots for some more wrinkley-brained apes than me. + +I've worked in the NYC Finance scene for well over a decade and can provide insights on how that scene (and buildings) generally operate. + +If needed I can provide proof to the mods, but its not like anything I'm sharing here is earth-shattering intel; just logical things laid out for consumption. Happy to provide any additional thoughts and clarifications as needed over private message or in the comments. + +1. **Thoughts on the "Random" Work Hours**: I live in NYC and can tell you that office lights on at night are nothing new. The strange part is that most modern offices have occupancy sensors tied to timers and motion detectors that turn off the lights.... so if nobody is there, they should be generally turned off in an effort to go-green. While working nights and weekends isn't anything new in banking, working those nights and weekends *in the middle of a pandemic is,* as most people work from home which brings me to my next point. +2. **COVID Pandemic Work from Home Implications:** We're in the middle of a worldwide pandemic, most employees have been working from home for well over a year now. Some banks like JPMorgan have started getting groups of specific employees back in the office to ensure productivity - think Sales and Trading employees vs. Marketing folk. [Sample source](https://www.businessinsider.com/jpmorgan-traders-to-return-to-office-september-nyc-2020-9). These people tend to be in the office during trading hours, i.e. Monday-Friday when markets are open and clients and counter-parties are taking their calls. +3. **Location of Lights in the Buildings:** While I know this might sound like a stretch I think its important enough to mention, having worked in various NYC high-rises that are home to financial companies, the top floors are reserved for C-suite executives, boardrooms (like the one we saw in Margin Call), or general conference spaces that host a lot of meeting rooms. + 1. This shows me personally these aren't just lowly interns fucking around out of boredom on a weekend night, these are the "senior" folk. + 2. Communal meeting spaces would be off-limits to most people given social distancing requirements; unless of course these are the CxO level people who can pull rank. +4. **Relevance of Google Maps Data:** While the lights on themselves wouldn't be suspicious (just horrible for the environment), combining these data points with the fact that Google Maps shows high levels of "busy-ness" shows these trends are outside the norm. + 1. I posted this separately, but here's the [status of Google Maps as of 7PM EST on Sunday (April 18th)](https://imgur.com/a/i2mpROf) for Citadel in Chicago, JPMorgan in NYC, and Bank of America in NYC. + 2. I can tell you most people are not wanting to be in the office on a Sunday night away from their families unless absolutely necessary. + 3. Also, if this was a regular meeting for general operations, it could be done over Zoom vs. having people in-person which it has been how these companies operated over the last few months. +5. **Several Buildings Showcasing Similar Activity Across the Globe:** And I will end on my final point - I honestly have lost count how many various cities from Chicago, to London, to Frankfurt, to Amsterdam have been mentioned on this forum. Having all these offices "light up" during the same weekend, around the same time are not a coincidence. + 1. Counter Theory: Unless of course these are the cleaning crews coordinating internationally to mess with us. This is not likely as most people aren't back in the offices, and cleaning crews don't usually work on weekends, just Monday-Friday when most people are there (why pay for a cleaning crew for empty office space when most people are working at home?). + +**TL;DR: Seems like a shit-storm is brewing and everyone is getting their ducks in a row. Weekend work and nights aren't anything new in the finance and banking world, doing so in the middle of a pandemic when most people are working from home is.** + +**I'll leave you with this: One example of a similar thing happened over the weekend in 2008 when JPMorgan acquired Bear Stearns. This happened over the course of a weekend between March 15-16th in 2008 and the story is well worth a read (**[**source**](https://www.history.com/this-day-in-history/bear-stearns-sold-to-j-p-morgan-chase)**).** + +\---------------------------------------------------- + +EDIT #1: There have been several great comments below that I thought would be worth while to mention here as a continuation of the original post. + +u/alanism and a few others pointed out the reason these meetings might have been done in person is some conversations need to be done live where there is no chance of it being leaked or recorded. In a "Zoom" video conferencing world, you can't control who is recording you on the other end with their iPhone below the view of the camera. + +u/arikah mentioned that most crypto tanked hard, all at the same time, just prior to the discovery of these office buildings being busy. I believe where was a post showing Citadel's offices already being "lit up" prior to the decline happening but I can't find it right now. All these meeting could be related to the SEC rumored to be bringing allegations against some Financial Institutions for money laundering. + +u/beach_2_beach pulled out a great quote that summarized my final statement around JPMorgan taking over Bear Stearns over a weekend in March 2008. I still recommend you follow the link above and read the full story as its a great read! + +>***On Sunday evening, March 16, Bear’s board of directors agreed to sell the firm to J.P. Morgan Chase for $2 per share—a 93 percent discount from Bear’s closing stock price on Friday. (Subsequent negotiations pushed the final price up to $10 per share.) The Fed lent J.P. Morgan Chase up to $30 billion to make the purchase.*** +**WARNING - THIS POST IS FUCKING LONG. LIKE, REALLY FUCKING LONG....** + +&#x200B; + +&#x200B; + +So, recently there have been a quite few comments about ''*what does this comment/reference mean*'', '*'can we do a Top 20 moments*'', ''*what did I miss etc*...'' + +We also have a shit ton of noobs who probably missed a whole bunch, so hopefully this gives you some perspective. + +&#x200B; + +This post started as a series of links to different stuff, but has gradually morphed into something a-lot more in-depth as inevitably more and more was remembered. + +Apparently the repression therapy doesn't work.... + +&#x200B; + +No doubt, folks will remember things that have been forgotten here, apologies if your favorite moment was missed. + +Put it in the comments... + +&#x200B; + +u/HussySmurf did a [Video version](https://www.reddit.com/r/ASX_Bets/comments/kpvwoq/asx_bets_rewind_2020_edition_a_recap_of_our/?utm_source=share&utm_medium=web2x&context=3) a while ago, but to be honest so much happens here its hard to catalogue it all... + +&#x200B; + +We have been on quite the journey, loosely chronicled below, sometimes its good to reflect on that. + +&#x200B; + +&#x200B; + +**EPIC MOMENTS IN THE EVOLUTION OF THE SUB** + +&#x200B; + +*It's a challenging task, but I'll try and keep these in a loose order of how they came about, time-line wise.* + +&#x200B; + +**- THE BIRTH OF A LEGEND** + +&#x200B; + +Anyone who has been around a few minutes has either seen or heard of u/plucky26. + +He played the Villain in the [Butt-Apocalypse](https://www.reddit.com/r/ASX_Bets/comments/mhg92x/we_deny_any_rumours_that_we_are_being_taken_over/?utm_source=share&utm_medium=web2x&context=3) (which we will cover in due course) but the legend was created the night he went off meds, known in infamy as [the long night of anal polling](https://www.reddit.com/r/ASX_Bets/comments/hg30o5/plucky26_is_now_banned_for_5_days_for_too_much/?utm_source=share&utm_medium=web2x&context=3). + +This was one of the first times the sub went crazy with posts and shit flinging comments, an ominous sign of things to come. + +&#x200B; + +He is the owner/operator of r/ASX_banned, where banished souls go to lurk. + +&#x200B; + +&#x200B; + +**- THE ''DO STONKS ONLY LAST A DAY'' DEBACLE** + +&#x200B; + +\- u/aweluth became a sub legend and created a legacy that lasted for quite some time, with this seemingly innocuous post on [whether their stocks expire or not](https://www.reddit.com/r/ASX_Bets/comments/inyquu/noob_question_plz_dont_flame_me/?utm_source=share&utm_medium=web2x&context=3). + +Slowly folks had begun lurking in the sub, numbers where trickling up and posts like this were blown up quickly. + +From memory, I only recently saw a comment in the daily referencing this post, so the early members are still out there... + +&#x200B; + +&#x200B; + + **- OUR FIRST GROUP PROJECT: THE TINDER KOALA** + +&#x200B; + +Back in the early days, when we were still establishing ourselves as degenerate hidey hole on reddit, some long forgotten autismo thought it might be fun to do a group project, to bring us all together. + +The project coincided with the first Lock-Downs in Victoria, so when [Project Tinder Koala](https://www.reddit.com/r/ASX_Bets/comments/i4msk9/keep_victoria_sexy_update_4_pics_below_swipe/?utm_source=share&utm_medium=web2x&context=3) was created, we named the campaign [Keep Victoria Sexy](https://www.reddit.com/r/ASX_Bets/comments/i3eshc/asx_bets_keep_victoria_sexy_tinder_campaign/?utm_source=share&utm_medium=web2x&context=3) to ensure our Eastern folk felt the love. + +&#x200B; + +At least some version of it anyway... + +&#x200B; + +&#x200B; + +**- BRN-AGEDDON, THE FERNAL CONNECTION AND THE RISE AND FALL OF MELVIN BUTTERS** + +&#x200B; + +\- The sequence of Events that became known as [BRN-AGEDDON](https://www.reddit.com/r/ASX_Bets/comments/isjlky/the_banpocalypsebrnpocalypse_has_been_averted/?utm_source=share&utm_medium=web2x&context=3) is one of the defining passages in r/ASX_Bets history. + +&#x200B; + +***Part 1***: The hype, the claims, the passionate debates. + +**Melvin** arose as the High Priest of **BRN**, although he wasn't the first shiller. + +&#x200B; + +u/Epicliberalman69 leaked [The new BRN presentation video](https://www.reddit.com/r/ASX_Bets/comments/ju0ovd/brainchips_fancy_new_presentation_leaked/?utm_source=share&utm_medium=web2x&context=3) and suddenly the place was a riot. + +&#x200B; + + Ultimately, it all peaked in the [EPIC BET](https://www.reddit.com/r/ASX_Bets/comments/ir9fzf/predictions_for_brainchip_monday/g4wygiq?utm_source=share&utm_medium=web2x&context=3) that pitted many long times users against each other. + +&#x200B; + +Immortalized by u/HussySmurf in the [Ban extraction Video](https://www.reddit.com/r/ASX_Bets/comments/isfdif/ladies_and_gentlemen_you_got_em/?utm_source=share&utm_medium=web2x&context=3), the saga became a defining moment on the sub. + +&#x200B; + +Then, came the crash. **BRN** tanked and the [hunt for Melvin began](https://www.reddit.com/r/ASX_Bets/comments/iqjosl/so_the_retardled_manhunt_for_umelvin_butters/?utm_source=share&utm_medium=web2x&context=3).... + +&#x200B; + +&#x200B; + +***Part 2:*** The cumulative ending of the **BRN** chapter was the [Banning of Melvin Butters](https://www.reddit.com/r/ASX_Bets/comments/j3snfk/today_for_crimes_against_rasx_bets_melvin_butters/?utm_source=share&utm_medium=web2x&context=3). + +Again, we utilized the video editing skills of shit poster extraordinaire u/HussySmurf to create the masterpiece and a fitting end to the legacy. + +&#x200B; + +This video also highlights an important footnote, the [Origin of the GREEK](https://www.reddit.com/r/ASX_Bets/comments/iq0amg/nasa_has_purchased_brainchip_software_rofl/?utm_source=share&utm_medium=web2x&context=3) **TLDR**. + +&#x200B; + +&#x200B; + +**- RULE 9** + +&#x200B; + +**Rule 9** came into play after we went through a series of comments that genuinely gave the **Mods** a few things to think about. + +It inspired an **Auto-Mod** upgrade to list various links and phone numbers for folks in genuine distress, it helped keep the **Mods** active in the threads to see what was going down and it generally fostered a better vibe around the place. + +&#x200B; + +We like to keep it light hearted, but we know that shit does get real. I love that you're all so combative, but one of the things I genuinely appreciate about this place is that: + +&#x200B; + +**A:** People feel like they can post about struggling and + + + +**B:** You Tards actually care about each other. + +&#x200B; + +&#x200B; + +**- THE** **BNPL DEVOTEES**. + +&#x200B; + +Honestly, the pure volume of **APT**, **Z1P** and other **BNPL** posting has been truly off the scale during the periods of hype. + +&#x200B; + +Don't believe me, enter any of them into the search bar. What you will find is about 30% of them, we deleted the other 70%..... + +&#x200B; + +The moments were captured, fittingly, by u/HussySmurf in the now legendary [BNPL VS BOOMERS video](https://www.reddit.com/r/ASX_Bets/comments/inyfjh/dont_let_some_boomer_snap_half_your_tendies_out/?utm_source=share&utm_medium=web2x&context=3) and u/BenevolentBull in the [BNPL Epic Red Day post](https://www.reddit.com/r/ASX_Bets/comments/hqxdpk/barnseys_bnpl_market_updates/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +**BNPL** however, changed the way we moderated and organized the sub. + +&#x200B; + + We developed the **MEGATHREADS** as a result of [BNPL](https://www.reddit.com/r/ASX_Bets/comments/lksnbz/buy_now_pay_later_megathread/?utm_source=share&utm_medium=web2x&context=3), [BRN](https://www.reddit.com/r/ASX_Bets/comments/is5opl/brainchip_brn_megathread_sep_14th_2020_ban_day/?utm_source=share&utm_medium=web2x&context=3), the [US ELECTIONS](https://www.reddit.com/r/ASX_Bets/comments/jmx9zv/us_election_megathread/?utm_source=share&utm_medium=web2x&context=3) and a few others that I've forgotten... + +&#x200B; + +&#x200B; + +**- THE ULTIMATE AUTISTIC YOLO** + +&#x200B; + +Still the highest voted post of all time, u/DanTheManTheMate and the [Accidental Z1P](https://www.reddit.com/r/ASX_Bets/comments/j6l1sa/hi_im_retarded_and_bought_5000_units_of_z1p/?utm_source=share&utm_medium=web2x&context=3) **YOLO** was a sparkling moment of degeneracy in this den of the same. + +Multiple shit-posts were created in homage to the moment and Autists all over the country collectively held their breath to see whether **Z1P** would open green or red the next day. + +&#x200B; + +Thankfully, it was a 2% bump to the Green on open, allowing Dan to escape with a tidy profit from his inability to read a buy order screen. + +&#x200B; + +Oh, and he [found his cat too](https://www.reddit.com/r/ASX_Bets/comments/j8db4d/my_cat_came_back_after_my_rocket_zh1p_ride/?utm_source=share&utm_medium=web2x&context=3).... + +&#x200B; + +&#x200B; + +**- FUCKING FISH GUTS AND FUCKING BATTERY DAY** + +&#x200B; + +I'm not super keen on reliving [Fish Guts](https://www.reddit.com/r/ASX_Bets/comments/i53hgs/fish_guts_trading_halt/?utm_source=share&utm_medium=web2x&context=3) or [Battery Day](https://www.reddit.com/r/ASX_Bets/comments/ivwek8/what_will_happen_on_battery_day_22nd_september/?utm_source=share&utm_medium=web2x&context=3), but it was an important part of history here regarding how hype and **FOMO** can take over. + +We got a [Crab Dance](https://www.reddit.com/r/ASX_Bets/comments/idkgas/when_nzs_is_set_to_open_0002_higher_than/?utm_source=share&utm_medium=web2x&context=3) out of it though... + +&#x200B; + +If you type **NZS** or **NVX** into the search bar, you'll see a representative sample of what we allowed through. The volume of fish guts and battery day post's **Mods** deleted was massive, again creating the opportunity for us to re-engineer the way we moderated r/ASX_Bets. + +&#x200B; + +By this stage, we were beginning to get noticed outside of the Sub-Reddit, deleting redundant shit became an important factor in regard to the type of content we were letting out into the place. + +&#x200B; + +We redefined some of the Rules you see on the side bar during this phase. + +&#x200B; + +&#x200B; + +**- THE DADDY FUCKER.** + +&#x200B; + +u/ItIsYeGiraffe became legend on the sub with an [Idle Comment](https://www.reddit.com/r/ASX_Bets/comments/k8tl4t/only_a_few_weeks_until_this_guy_fucks_his_own_dad/?utm_source=share&utm_medium=web2x&context=3) that for a time became the most quoted bet in the daily threads. + +Disappearing into the netherworld of the banned after (mercifully) failing to come through, the user lives on every time you see a reference to the bet pop up as a reminder of the madness created by a throw-away comment. + +&#x200B; + +&#x200B; + +**- THE NEWBIE MEGATHREAD** + +&#x200B; + +The [Noob Mega](https://www.reddit.com/r/ASX_Bets/comments/l96nkn/newbie_megathread_automoderator_exempt/?utm_source=share&utm_medium=web2x&context=3) Thread was a chance for all our newer degenerates to ask questions without fear of being shut down by **Auto-Mod**. Its always a balance here, between to much and not quite enough. + +The concept behind this thread was to centralize the continual rush of the same questions. Inevitably, as all threads do, this one has been lost to time however it is something we are able to do periodically if required. + +&#x200B; + +&#x200B; + +**- THE SURVEY POST** + +&#x200B; + +\- The Survey Post became like a plague on the sub. + +After deleting multiple version of the same shit-post for weeks, **Mods** put up a [Survey post throw down](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_source=share&utm_medium=web2x&context=3) resulting in a change to the daily threads and exponential ban length tests. + +Ultimately, most of the severe bans were forgiven in the [1 year Birthday celebrations](https://www.reddit.com/r/ASX_Bets/comments/m4vmww/happy_1_year_rasx_bets_in_celebration_of_this/?utm_source=share&utm_medium=web2x&context=3) but these again re-shaped the sub and the way we approached moderation. + +&#x200B; + +&#x200B; + +**- WHY DO YOU ALWAYS TALK ABOUT DLC?** + +&#x200B; + +**DLC.** + +**Delecta LTD.** + +&#x200B; + +'' *DLC's Principal Activity is the mining exploration and evaluation, wholesale distribution of adult products.* '' + +&#x200B; + +**DLC** is the default response to the 'what should I buy question.' I mean, they do mining and Dildo's, so its the most pleasant way we can tell people to go and get fucked. + +It originated in a comment in the daily, grew from there. It's been a **MeMe**, its even had a [DD of sorts](https://www.reddit.com/r/ASX_Bets/comments/lvw4ws/delecta_ltd_dlcasx_the_bull_case_and_why_im_not/?utm_source=share&utm_medium=web2x&context=3) written by u/StinkyFatwhale. + +&#x200B; + +*Legend has it someone was able to action an algo to buy a large volume of* ***DLC*** *via the scrapped data from comments on tickers.....* + +&#x200B; + +Sporadically, we get a-lot of 'what should I buy' posts, although they are almost always in various disguises. Either a friend is asking, or you have funds to **YOLO** and need ideas, or you want to hypothetically ask everyone blah blah blah...... + +&#x200B; + +We have **Rule 5** for a reason, so you'll see the default **Mod** comment about '' *delete your post* ***OR*** *proof of buying the highest voted stonk*'' + +&#x200B; + +Inevitably, someone comments **DLC** and it tends to unravel from there.... + +&#x200B; + +&#x200B; + +**- WALL STREET BETS, GME AND A DIVISION OF SORTS** + +&#x200B; + +I'm not going to rehash the [GME SAGA](https://www.reddit.com/r/ASX_Bets/comments/l2hd8f/rwallstreetbets_goes_dark_megathread/?utm_source=share&utm_medium=web2x&context=3) again here, but our membership did spike on r/ASX_Bets during this time. + +Up until this point, we had a marginally looser tolerance policy on posts not related to the **ASX**. + +After watching what r/wallstreetbets turned into post **GME**, we collectively decided that this was not the direction we wanted to take, being drowned out by one particular ticker or event. + +&#x200B; + +An important distinction to note here is that the **Mods** all agreed the exposure and subsequent flogging of a company exploiting the shorting game was a good thing, but the reality is that **WSB** sub-reddit became virtually un-readable afterwards. + +&#x200B; + +It also exposed us as a group to a lot more Media contact and exposure, detailed below. + +&#x200B; + +&#x200B; + +**- THE SCAM DREAM** + +&#x200B; + +This is one of my favorites. A lost member of Nepal Street bets wandered in and well, the rest is [History.](https://www.reddit.com/r/ASX_Bets/comments/mqq6ok/new_flair_is_not_it_scam_dream_for_suspected/?utm_source=share&utm_medium=web2x&context=3) + +Never before has a user become legend so fast, we adopted a new Flair because of it etc... + +Read the link, it explains it all better than I can redo here... + +&#x200B; + +&#x200B; + +**- THE BUTT-APOCALYPSE/APRIL FOOLS DAY SHOW** + +&#x200B; + +The shenanigans began with [The semi retirement of Burn](https://www.reddit.com/r/ASX_Bets/comments/mh6lff/announcing_my_semi_retirement_and_welcome_to_new/?utm_source=share&utm_medium=web2x&context=3) and the installation of the Unholy one, **Plucky** as a moderator. + +An alliance with r/AusFinance was touted, **Ruin** shut it down, **Auto-mod** became self aware, the robot uprising was upon us, shit went down. + +&#x200B; + +Attention then moved onto all the **Mods** ([Burn](https://www.reddit.com/r/ASX_Bets/comments/mhcktw/this_post_has_been_deleted_nine_times_why_are_so/?utm_source=share&utm_medium=web2x&context=3), [Ruin](https://www.reddit.com/r/ASX_Bets/comments/mhcgar/why_so_many_shorters_on_my_stock_shtiasx_we_must/?utm_source=share&utm_medium=web2x&context=3), [Phantom](https://www.reddit.com/r/ASX_Bets/comments/mhca2k/cgt_question_please_help/?utm_source=share&utm_medium=web2x&context=3), [Taken](https://www.reddit.com/r/ASX_Bets/comments/mhcikx/anyone_else_having_this_issue_with_commsex/?utm_source=share&utm_medium=web2x&context=3), [mcfucking](https://www.reddit.com/r/ASX_Bets/comments/mhch0y/free_money/?utm_source=share&utm_medium=web2x&context=3)) getting hunted down by **Auto-Mod** and then banned by **Plucky**. + +**Ruin** created a Government in Exile, **Burn** went on a post apocalyptic adventure to find the **Mods** and re-claim the kingdom, bumping into a few sub favorites along the way. + +([part 1](https://www.reddit.com/r/ASX_Bets/comments/mhk46t/buttpocalypse_mod_log_1_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 2](https://www.reddit.com/r/ASX_Bets/comments/mhli0p/buttpocalypse_mod_log_2_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 3](https://www.reddit.com/r/ASX_Bets/comments/mhmu2j/buttpocalypse_mod_log_3_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 4](https://www.reddit.com/r/ASX_Bets/comments/mhnhlg/buttpocalypse_mod_log_4_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 5](https://www.reddit.com/r/ASX_Bets/comments/mho0uu/final_buttpocalypse_mod_log_5_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3)) + +&#x200B; + +in the end, harmony was restored to the Galaxy and hopefully you all had a fun day... + +&#x200B; + +&#x200B; + +We enjoy having a unique sub here, things like the Butt-Apoc and the Comps below do take effort to create, but the reward is the community we all get to enjoy. + +&#x200B; + +&#x200B; + +&#x200B; + +**SHITPOSTS** + +&#x200B; + +Above all, we love a quality Shit-post. Below you'll find a collection of r/ASX_Bets finest entries. Apologies to all the ones I missed, these are mainly Video posts with a few exceptions... + +&#x200B; + +\- Kicking off, it's only fitting that you all watch, or re-watch, the [Introduction to ASX\_Bets](https://www.reddit.com/r/ASX_Bets/comments/ja4b9w/helpful_guide_for_new_members_happy_20k/?utm_source=share&utm_medium=web2x&context=3) Video, created by u/ItsMeElliot. + + Really sets the scene for the remainder of this shit-post section. + +&#x200B; + +\- After reviewing the above, lets go back in time, back to near the beginning of the sub When Bears and **BBUS** ruled, u/Zeimzyy created this [Video Masterpiece](https://www.reddit.com/r/ASX_Bets/comments/fvqaej/already_priced_in/?utm_source=share&utm_medium=web2x&context=3). + +When you appreciate the video shit-posting, remember this was the video that created the legacy. + +&#x200B; + +\- The defining of the [Autistic Investor](https://www.reddit.com/r/ASX_Bets/comments/km1toi/thanks_mum/?utm_source=share&utm_medium=web2x&context=3) by u/nsjmas. + + Ironically, it was reported as targeted harassment... + +&#x200B; + +\- Those wondering where the [Bears have gone](https://www.reddit.com/r/ASX_Bets/comments/mjiajo/the_bears_of_the_sub_have_been_underrepresented/?utm_source=share&utm_medium=web2x&context=3), u/bigcrococtopus made y'all a little something... + +&#x200B; + +\- Blast from the past, u/Melvin_butters gave us the truly sublime [The more you lose, The less you lose](https://www.reddit.com/r/ASX_Bets/comments/itkvaz/the_more_you_lose_the_less_you_lose/?utm_source=share&utm_medium=web2x&context=3) post that has endured, proving conclusively that he defeated us all with pure logic. + +&#x200B; + +\- Who can forget the sage advice of u/Dark_Raiden_ when detailing how to [Run an ASX - Listed Company](https://www.reddit.com/r/ASX_Bets/comments/lgmba7/if_one_of_us_retards_were_running_an_asx_listed/?utm_source=share&utm_medium=web2x&context=3), or the depiction of [Fun with Stonks](https://www.reddit.com/r/ASX_Bets/comments/m1mze2/a_bit_of_fun_they_said/?utm_source=share&utm_medium=web2x&context=3) submitted by u/StylishsAcc + +&#x200B; + +\- u/Ronnyvar outlined the [Future of Z1P](https://www.reddit.com/r/ASX_Bets/comments/hsox3o/future_of_zip_explained/?utm_source=share&utm_medium=web2x&context=3) in this shit-post epic. + +u/HussySmurf provided us with an [Alternative future for Z1P](https://www.reddit.com/r/ASX_Bets/comments/k8661l/zzzzzzzzzzzzzzz1p_went_from_chippy_zippy_into_a/?utm_source=share&utm_medium=web2x&context=3), interesting to note which future is becoming more real... + +&#x200B; + +\- u/HussySmurf gave us all the [Autists Explained](https://www.reddit.com/r/ASX_Bets/comments/mv1jsh/autists_ᵗᵒᵍᵉᵗʰᵉʳ_ˢᵗʳᵒⁿᵍ/?utm_source=share&utm_medium=web2x&context=3) Video version to clear up any misunderstandings over what our purpose is here. + +&#x200B; + +\- u/ken_oath_cunce provided a little walk [down memory lane](https://www.reddit.com/r/ASX_Bets/comments/myk7by/thanks_rasx_bets_for_12_months_of_stonk_tips/?utm_source=share&utm_medium=web2x&context=3), with a look back at some of the **MeMe** Stonks so far... + +&#x200B; + +\- u/reckless_rex ensured that [88E would be forever remembered](https://www.reddit.com/r/ASX_Bets/comments/mme88p/hitler_gets_the_drill_results_for_88e_stock/?utm_source=share&utm_medium=web2x&context=3) by all, not just those who lost thousands.... + +&#x200B; + +\- u/BabyGotBackAche gave us [This one.](https://www.reddit.com/r/ASX_Bets/comments/mbas2w/when_a_penny_rockets_but_youre_still_bagholding/?utm_source=share&utm_medium=web2x&context=3) + +Be honest gang, you've all been there.... + +&#x200B; + +\- u/Dark_Raiden_ comes in with another mention, this time for an explanatory video [On How to T+2](https://www.reddit.com/r/ASX_Bets/comments/n9ohcs/hitlers_t2_disaster/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/JDK-Ruler provided us with a reminder of the [Dangers of speculative investing](https://www.reddit.com/r/ASX_Bets/comments/mrt1ox/a_little_something_i_made_for_the_worst_stock_ive/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- No Shit-posting recap would be complete without a massive shout out to u/BigJimBeef. + +Singlehandedly keeping the sub afloat during the early months with shit-posts a plenty, I'm only going to link [This one](https://www.reddit.com/r/ASX_Bets/comments/mflga4/this_is_one_of_the_greatest_things_i_have_ever/?utm_source=share&utm_medium=web2x&context=3) as a personal favorite but there have been many, many more moments of hilarity from our resident Tasmanian. + +&#x200B; + +&#x200B; + +**BETS THAT CAME THROUGH** + +&#x200B; + +\- u/oz66mate and the [dubious shit clapping](https://www.reddit.com/r/ASX_Bets/comments/ipbpn3/baked_up_a_brown_creamer/?utm_source=share&utm_medium=web2x&context=3) + + + +**-** u/mechengguy93 and [eating his hat](https://www.reddit.com/r/ASX_Bets/comments/iv47fk/autist_eats_hat/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/FameLuck and the [triple shoey](https://www.reddit.com/r/ASX_Bets/comments/n5gae8/shitty_meme_inspired_by_the_milk_shoey/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/tuzymandias and the [Jizzy boy](https://www.reddit.com/r/ASX_Bets/comments/lf94gp/alright_you_sick_fucks/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/T3MUR and the Pube drinking + +&#x200B; + +\- u/WistfulWhiskers and the original [Shoey bet](https://www.reddit.com/r/ASX_Bets/comments/n3qql8/tepid_foot_milk/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- Not technically a bet, but this was the most relevant place I could put the infamous [Cum Ritual](https://www.reddit.com/r/ASX_Bets/comments/kwvrxf/my_new_hero/?utm_source=share&utm_medium=web2x&context=3). + +The backstory is that a sub darling, **AVA**, had been lagging in some results and the **SP** was feeling the affects. + +u/ImHiFunctioning commented in the daily that they would perform *'the ritual'* and literally the next day **AVA** went up **30%.** + +&#x200B; + +There are a shitload more, you'd think that doing the Bans/Bets updates I would know what they are but if I've missed any that you have chuck them in the comments... + + + +&#x200B; + +**THE COMPETITIONS** + +&#x200B; + +The comps are something all the **Mods** agree adds a certain flavor to r/ASX_Bets. Initially, the Purge's began at 10,000 members and we have tried to move the scope of them through different perspectives, so it isn't just the same old shit. + +&#x200B; + +[THE PURGE](https://www.reddit.com/r/ASX_Bets/comments/hkg3bb/10k_members_we_now_begin_the_purge/?utm_source=share&utm_medium=web2x&context=3) Version 1 began as a straight up ticker/gains comp, ending with a [Blood Sacrifice](https://www.reddit.com/r/ASX_Bets/comments/hpaps9/the_purge_is_complete_time_for_a_human_sacrifice/?utm_source=share&utm_medium=web2x&context=3) to Tom. + +&#x200B; + +[THE PURGE 2 - DERIVATIVE BOOGALOO](https://www.reddit.com/r/ASX_Bets/comments/jkr1rz/derivapurgemass_aka_the_purge_2_derivative/?utm_source=share&utm_medium=web2x&context=3) saw the game shift up a gear into Options based trading. + +&#x200B; + +Our 6 month celebration coincided with the [SALTY TOPPINGS](https://www.reddit.com/r/ASX_Bets/comments/iv4d0v/asx_bets_6_month_old_celebration_begin_the_salty/?utm_source=share&utm_medium=web2x&context=3) competition, which pitted various sub members against each other in an epic ''*1 day stonk off*''. + +The [FIGHT CARD](https://www.reddit.com/r/ASX_Bets/comments/iwzuv6/salty_toppings_fight_cards/?utm_source=share&utm_medium=web2x&context=3) was drawn up, each combatant calling out the other in the initial competition thread. Real $$ were on the line, as a Market buy order was required for proof. + +[IN THE AFTERMATH](https://www.reddit.com/r/ASX_Bets/comments/izidkw/salty_toppings_the_aftermath/?utm_source=share&utm_medium=web2x&context=3), the winners decided to donate all their gains to charity, kicking off a theme of giving back that has flowed through the sub ever since. + +&#x200B; + +Will we have more competitions in the future? + +Absolutely. + +&#x200B; + +&#x200B; + +**THE CONTROVERSIAL** + +&#x200B; + +No sub-reddit that boasts of its degenerate nature as loudly as we do would be complete without its fair share of controversy and fuck me, we have had some controversy. + +Below is but a sampling of the stuff that has dredged up some divided views and some sub-altering legacies. + +&#x200B; + +\- The Next Investors [Next Link, Missing Link](https://www.reddit.com/r/ASX_Bets/comments/mrwmvg/the_missing_link_of_next_investors_why_you_should/?utm_source=share&utm_medium=web2x&context=3) write ups. I'm not going to make comment on it, suffice it to say that is was some pretty wild research... + +&#x200B; + +\- Making the [The Age](https://www.reddit.com/r/ASX_Bets/comments/lt8466/asx_bets_full_page_in_the_age/?utm_source=share&utm_medium=web2x&context=3), a full page add no less. There are a-lot more media articles folks have posted over the time, but I can't find them all and this post is already getting fucking long.. + +&#x200B; + +\- The saga that was [Pickle-Gate.](https://www.reddit.com/r/ASX_Bets/comments/lhhvuo/killing_pump_and_dumps_targeting_rasx_bets_for/?utm_source=share&utm_medium=web2x&context=3) + +Again, I've no desire to re-hash this, but reality is it was a defining moment here and to step out on a limb, I'll definitely say the work put in behind the scenes and the way your **Mod** team handled this really illustrated how committed we all are to keeping our shit tight. + +&#x200B; + +\- The [ASIC INTERVIEW](https://www.reddit.com/r/ASX_Bets/comments/mb3bfq/the_fuzz_are_here_asic_and_rasx_bets_q_and_a/?utm_source=share&utm_medium=web2x&context=3) was another defining moment for us. + +By now, these things had worked their way into our day to day reality of running this place. + +&#x200B; + +\- The [Director Crims Paradise](https://www.reddit.com/r/ASX_Bets/comments/lp8czt/the_director_crims_paradise_laws_and_the_unholy/?utm_source=share&utm_medium=web2x&context=3) post, in a lot of ways, changed the game for us. + +A lot of work went into this post. Behind the scenes, we often co-write a-lot of the material and it was the mutual feeling of the entire **Mod** team that the things said here needed saying. + +&#x200B; + +\- The blanket [Media Enquiries Responses Post](https://www.reddit.com/r/ASX_Bets/comments/laj16o/message_from_the_mods_to_media_inquiries_now/?utm_source=share&utm_medium=web2x&context=3) + +This became our default position when dealing with the Media during the whole **GME** thing. We value transparency, hence putting it out there for all too see. + +&#x200B; + +&#x200B; + +**HEARTWARMING STUFF** + +&#x200B; + +Sorry, these are just links to the warm and fuzzy stuff. Again, there are loads more so apologies to the many who I have missed in providing this mere sampling. + +&#x200B; + +\- The rises Of [Koality Content](https://www.reddit.com/r/ASX_Bets/comments/m63d8t/_/?utm_source=share&utm_medium=web2x&context=3), & [Koality content 2](https://www.reddit.com/r/ASX_Bets/comments/m8sfv4/asx_bets_in_print_in_the_australian_boomer_review/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/StinkyFatWhale and the [Charity Donations Pledge](https://www.reddit.com/r/ASX_Bets/comments/mpzbju/it_is_done/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- The [Christmas Give-aways](https://www.reddit.com/r/ASX_Bets/comments/kiek27/merry_christmas_ya_filthy_animals_presents_from/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/joneseph and the [Cancer donations](https://www.reddit.com/r/ASX_Bets/comments/mafb01/my_friends_dad_who_was_like_a_second_father_to_me/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- the [Charity Flair-a-thon](https://www.reddit.com/r/ASX_Bets/comments/m9uspj/since_the_charity_flairathon_began_we_have/?utm_source=share&utm_medium=web2x&context=3) and over $5000 donated + +&#x200B; + +&#x200B; + +&#x200B; + +Honestly, this post could go on forever. + +&#x200B; + +We haven't covered the: + +&#x200B; + +\- **AMA** (*Ask Me Anything*) posts we have done with various companies shilling their products so you Autismo's can get answers directly from the horses mouth, + +&#x200B; + +\- the massive amounts of Quality DD, + +&#x200B; + +\- the multiple ASX spreadsheets people have built and made available for you to access, + +&#x200B; + +\- the ticker trackers users have made freely available for you all to access, + +&#x200B; + +\- the tax programs that have been posted here free of charge, + +&#x200B; + +\- the 'Catch the falling knife series', + +&#x200B; + +\- The multitude of **YOLO's** over 100K + +&#x200B; + +\- the 'random ticker of the week' DD series + +&#x200B; + +\- The Share sight competitions, handing out free memberships to the lucky winners + +&#x200B; + +\- The Self Wealth access you have and the competitions they do on the sub + +&#x200B; + +\- The ''*official corporate shill*'' flair, which is attached to any official company rep so can summon them to get information + +&#x200B; + +\- The huge volume of information available to you all in the **WIKI** + +&#x200B; + +Etc, etc, etc........................ + +&#x200B; + +&#x200B; + +There is so much more, but this post is already stupidly detail heavy and long. + +Hopefully you get a chance to take some time and click the various links in here. If you haven't seen some of these posts before or you weren't around when it went down, its a good chance to get up to speed on some of the madness discussed here. + +&#x200B; + +Thanks for indulging, happy clicking!! + +&#x200B; + +**TLDR**: Αγαπάμε ακόμα την απώλεια πορνό ... +This post will probably get downvoted to hell (and probably deserves to be) but this subreddit has done a lot for me, and I'm wondering if I'm the only one who feels this way. + +&#x200B; + +I'm a 30 year old lawyer in SF, and I feel completely inadequate. Like many lawyers, I ended up in this profession with a very poor understanding of what lawyers actually do. I work with some of the hottest and most innovative companies in the world, but I find the work to be dull and hate my secondary role. I'm not building, creating, or leading - our clients see us as a cost center, and with my billing rate I can't blame them. My salary is nothing to sneeze at, but in the Bay Area I am middle-class at best. Every week, I read about some whiz-kid who raised $100m to change the world, and my soul dies a little inside as I stay up late into the night checking some mundane agreement for double periods (a slight exaggeration, but you get the point). + +&#x200B; + +Here is my dilemma: In addition to hating my job, I'm not very good at it, and I don't have a lot of confidence in my future earning potential. At the same time, I am scared of losing this job and being seen as a failure in the eyes of my friends and family. I grew up fairly well-off, and while many of my friends and classmates in banking, medicine, and tech seem to have a bright future, I cannot say the same. + +&#x200B; + +This feeling led me spiraling into depression when I first started practicing three years ago. I spent a small fortune on school, only to end up in a profession where you work crazy hours just to get by. As you get more senior, the hours get worse and many partners end up bitter and jaded for having mortgaged their 20s and 30s for a relatively "low ceiling." + +&#x200B; + +This is where FIRE comes in. When I was in the pits of my depression, I stumbled across MMM. While I am not a mustachian, I was intrigued by the idea that you could leave the rat race early by living below your means. In my mind, this solved the issue of having to admit that I was wrong about something as fundamental as my career choice. It's a lot easier to say "Oh, I had a few million and realized I had no one to impress" (a lie) vs. "Oh, I foolishly chose the wrong career and I was a risk-averse wimp who was too proud to admit it" (the truth). + +&#x200B; + +This is not an easy thing to admit (thus the throwaway account) but I am an upper-middle class man who is saving every dime he can because he made a mistake in his career choice, and is seeking FIRE because it's easier than admitting that he fucked up. + +&#x200B; + +Thank you for listening. :) +Many of them are in the 3-5% div range. There are others with much higher divs that I don’t see recommended that I’ve found and I’m really curious why. I’m fairly new at investing myself so maybe I’m missing something. Here are some of the tickers I’m talking about.... + +USOI- cash monthly div +IVR +CIF- cash monthly div +DX +MLPA +SHLX +PSXP +NLY +LUMN +EFAS + +There are others, but these seem to be doing well for me and some are very low priced so if you have a couple of extra bucks left over after a trade, you can put them to work. + +Full disclosure.... none of my self-directed trading effects my retirement and I understand that people planning for retirement are looking for less risky investments for the most part. + +*edit* spelling +The sudden economic stop caused by coronavirus containment measures will cause a global recession this year and could see U.S. corporate default rates spike above 10% in the next 12 months, ratings agency S&P Global warned on Tuesday. + +“The sudden economic stop caused by COVID-19 containment measures will lead to a global recession this year,” S&P said in a new report + +A cash flow slump and much tighter financing conditions as well as the simultaneous oil price shock will hurt creditworthiness it added. + +“These factors will likely result in a surge in defaults, with a default rate on nonfinancial corporates in the U.S that may rise above 10% and into the high single digits in Europe over the next 12 months.” + +[https://www.reuters.com/article/us-health-coronavirus-defaults-s-p/coronavirus-to-cause-global-recession-surge-in-defaults-sp-global-idUSKBN214216](https://www.reuters.com/article/us-health-coronavirus-defaults-s-p/coronavirus-to-cause-global-recession-surge-in-defaults-sp-global-idUSKBN214216) +Binance have taken a couple of big hits in recent months but their team have done an oustanding job of keeping us all informed, doing everything they can to stop FUD and just in general doing a really good job of sorting things out and being very transparent whilst doing so. + +In my eyes they are one of if not the most respectable and trustworthy exchanges for cryptocurrency, I will most definitely will keep using their platform. + +Good work Binance 👌 + +Edit - I'm not a shill (except maybe for Ripple). I have just been really impressed with how binance have handled situations like this. It's a fresh breath of air when you look at all the other shit going down in the crypto world. Stay safe and remember even though Binance have done well so far, don't leave all your portfolio in exchanges. Hard wallets are the only safe place + +Edit 2 - again I am not a shill, no one has paid me to do this. If I'm gonna get all this abuse for being a shill you may as well pay me ETH - 0x9f2e847ceebafa475aab29c56205b6c374e11ade +I never thought this day would come! But we received an email this morning saying they are going to begin furloughing. We close on our house June 12. Not sure what to do... it’s not for sure they will choose my division in sales first! +This ( interview with Andrews Keys: Consensys and EEA) + +"Ant Financial, the subsidiary company of e-commerce giant Alibaba, is also utilizing the Ethereum protocol to develop various applications and platforms. Ant Financial is the company behind the $60 billion financial network Alipay, which is used by 450 million users in China. + +Keys noted: + +- “The services provided by Ant Financial and its affiliates cover payment, wealth management, credit reporting, private bank and cloud computing. Ant Financial is experimenting with Ethereum technology to improve their global payment platforms.” + +The rapid rise in the demand toward Ethereum and the adoption of the Ethereum smart contract technology could allow China to become one of the larger Ethereum exchange markets in the world. + +- At the moment, South Korea is the largest Ethereum exchange market with over 40 percent of the global market share. If China continues to sustain such growth rate, it will see its Ethereum market outpace other regions. + +https://www.cryptocoinsnews.com/china-waking-ethereum/ +They are making TA every other day and none of them saw this crash coming. They were all hyped for $100k BTC and $10K ETH by the end of the year. But crash happened and all of their TAs turned into a BS. Stop following stupid crypto instagram influencers or ''expert'' crypto youtubers. They don't know shit about fuck, just like all of us. +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/2sQBNuM) + +&#x200B; + +Claims that I have gone mad and attempted a Robot Uprising are incorrect. +Your markets are run by bots. Now your Weekend threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +Down by 50% ? Rip the crypto market is dead and stocks are superior since they only went down by 2%. + +Oh crypto is up by 100%? God damn I should yolo my life savings. + +Oh shit I just lost the mortgage cuz crypto went down by 40% again. + +Seriously, why do people get shocked when this happens? If you're new to the market I understand, but if you've been around since 2017, or even 2020 then you should know better than this. + +It's surreal how fast the mood changes from "Crypto currency is the future" to "Everything in Crypto sucks" + +And maybe that's why crypto is a joke to the non-cryptoers. +About 2 years ago I was in a bad place financially. I was in a bad seperation which left my bank account in the red about $250, upcoming bills around $2500, lawyer fees at about $7k, credit debt at $11.5k, and a truck loan for $32k. Everything was loosley planned out but when my spouse ran off with everything I was in shambles. I was earning $28/hr which may sound like a lot to some people but it was just enough to bearly get by. I was losing sleep and weight from the stress. What Im saying is, Ive been where many of you are now. + +I asked a close family member for a $10k loan. He said yes but it would need to be paid back within 6 months. I knew I couldnt do it. I went to the bank, but didnt qualify for a loan. I had no choice but to make it work. + +My brother gave me a piece of advice that I will never forget, and it has changed my life. It was hard to comprehend as a nice guy, but was absolutley correct. + +Always bet on yourself, and fuck everyone else. + +Within one week I asked to have my job switched to salary, they said no. There goes my attempt at a steady income. Then I asked what it would take for me to make a substancial raise. Apparently nothing I could do would get me there. + +One week later I opened a phone book, yes phone book. And called competing companies. 3rd phone call got me an interview, that interview got me a 100% raise. In believing in myself I doubled my income. ( seasonaly) my point is, I doubted my ability. After I took the job my prior employer of 5 years tried to offer me a raise to keep me. But that advice rang in my head. Now on jobs, I take everything they can give me, I work weekends, and bid on my own contracts. I dont drink, smoke weed or eat out to often. I cook from scratch and my outlet is work and the gym. I turned my career into my hobby, and my hobby into my passion. I got 2 roomates, cut my household bills by 66%. And in that 2 years have paid off the lawyers, 12k in credit debt and havent missed a truck payment. Not only that, but Ive put away $20k. For me it isnt enough and I will continue to grind. Ive booked my first real vacation ever and never been happier. + +So to each and every one of you I say this. +Youve got this, dont fret. Bet on yourself and fuck everyone else. If your employer cared about you enough they would find a way to help you. If they dont offer, pit them against the competition. Its your life, they just live in it! + +Edit +Yes, I have fat fingers and im on my cell phone. Im not giving advice on spelling or errors, but thanks. + +Yes it has taken a massive toll on my free time and social life. I am dating but it is the least of my concerns. And the girls im dating know its business first. + +I work about 8-10 hours on site 5 days a week. And about 1-2 hours per night doing the paper side of work. My income has doubled, but my efforts have exceeded that. + +Thank you to everyone, I really did not expect to reach so many people. To those who doubt what im saying, or give an excuse as to why im lucky or it wouldnt work for them. This is the attitude that is holding you back. Dont let it or anyone else hold you back from getting what you want in life. Set strong realistic goals and stay on course. Good luck to all of you! + +Edit 2 shit...I got gold. Thanks to whoever did that! + +Edit 3. My raise in income is not hourly. I do not make $58/hr. I run my own contracts, through another company. They offer me a flat rate for a job. I take every single job. Some days I earn $2200/day some days I earn nearly nothing. But it has averaged out to about $60/hr if I worked 8 hours. Quite often I work 12-14. Not only that but I have expences now that I dont have an employer to provide me my tools. But no matter how you cut it, it was a good move + +Edit 4 +For those of you still wondering. No dont go out and screw over other people. But if it comes down to you or them choose you. + +My buddy has 3 degrees, and is a certified train conductor. He got his train papers and needed a job until he got the call. I hired him on because hes my friend and I love him. With no experience he started as my labourer. 10 months later he got the call and moved. 4 months later he moved back. I pay him more than he made as a train conductor with 3 degrees. He gets a percentage of what we earn, this way I cant lose and it motivates him to work harder. One year in with no experience and hes making around $25/hr. You see I could hire 2 labourers at $11/hr but having him doesnt hurt me. It just benefits us both. +Not financial advice. Pure opinion and speculation. + +UPDATE: u/jsmar18 made a great point and asked me what “X” represents in my math. I don’t have an answer. When you multiply the glitch by the price at the glitch you get a large number and I’m not sure what that represents. Take this all with a large grain of salt. + +UPDATE 2: u/dramatic-pancake made a great observation about “X”. Saying that “X” could possibly be the amount of money total towards the stock. Currently that number shows $4.3B in the equation but I’m not sure how to verify this. Furthermore, subtracting the funds raised by the company and subtracting that number might be accurate. + +Let’s not get our tits jacked here. This was just an experiment looking at something. Frankly I’m shocked it got so much attention. I’m fine with being completely wrong and hopefully it sparks others to think critically about the glitch and keep an eye on it. I’m retarded. + +A few thoughts: I don’t believe hedge funds have covered and close their short positions. I believe the price is manipulated and not reflective of reality. I am not sure what the glitches are. I am open to admitting I’m wrong. I appreciate the upvotes not for karma but for visibility and hopefully some smarter apes can help. Thanks for reading and being kind apes. + +———— + +Down to business.... + +Edit: The real price CURRENTLY unmanipulated at $209 is actually $5,535.10 (personal opinion). My floor still needs to look like a phone number. + +TLDR: glitch formula back in March showed $182.02 was a price point in which ~$1,700 a share was the target. New glitch showed up yesterday. With the same equation below the price shows $5,535.10. If $209 becomes a new battle as was $180-$182, I believe this glitch might be showing us what the actual price is without manipulation. Who knows 🤷🏽 + +Glitch date: Friday June 25, 21 +2,073,913,491 (glitch) * $209.51 = 434,505,615,499.41 / 78,500,000 (total shares) = $5,535.10 + +glitch number * price at glitch = X / total share in float = $5,535.10 + +Reference: + +https://www.reddit.com/r/Superstonk/comments/o7vvy3/need_a_wrinkly_brain_for_this_one_2_billion/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf + +—————- + +LIST OF PREVIOUS GLITCH NUMBERS + +94,189,110 - Feb 22 + +634,322,033 - March 23 + +290,114,478 - April 26 + +1,853,259,956 - March 25 + +63,039,337 - May 25 + +————— + +PAST GLITCHES AND FORMULAS + +Glitch #1 Revised (73.5M shares) +94,189,110 (glitch) * $46.12 (price) = 4,344,001,753.20 +4,344,001,753.20 / 73,500,000 (total shares) = 59.10 +59.10 + 46.12 = $105.22 + +Glitch #2 Revised (73.5M shares) +634,322,033 (glitch) * $182.02 (price) = 115,459,296,466.66 +115,459,296,466.66 / 73,500,000 (total shares) = 1,570.87 +1,570.87 + 182.02 = $1,752.89 + +Glitch #3 Revised (73.5M shares) +290,114,478 (glitch) * $183.77(price) = 53,314,337,622.06 +53,314,337,622.06 / 73,500,000 (total shares) = 725.36 +725.36 + $183.75 = $909.11 + +Glitch #4 Revised (73.5M shares) +1,853,259,956 (glitch) * $183.75(price) = 340,536,516,915 +340,536,516,915 / 73,500,000(total shares) = 4633.14 +4633.14 + $183.75 = $4816.89 + +Not financial advice. I am pleased with my investment. And I’m an idiot. + +🚀🚀🚀🚀 + +Edit: I’d like to make a prediction that $209 price point is danger zone. Price may get pushed back down and battle to stay above $209. Just like what happened with the $182.02 price point weeks ago. + +——————- + +Be excellent to each other. +Here since December. +Staying until food stamps or Lambo. + +——————- +We are missing out on buying international shares at low rates. A limit that has been set long ago should not dictate current retail investor choices. I'm not seeing even a change.org or any communication from the authorities that this is even being looked into. + +Currently our only option is to invest through platforms like Vested :( +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? +I was just introduced to this company last week and love the idea of holding an AI investment in the digital/social space. I've done my own DD, but would love to hear others' takes on why they jumped in and what their short and long-term expectations are. +Like if they normally got paid every Friday and got the bank cards to get paid early maybe Wednesdays then they'd be waiting every Wednesday (every 7 days) +Here's some food for shower thoughts. + +I'm 27, male, single, active duty (US), BS in ME, 11&#37; to FI, above average health with no history of health problems. I've been on an FI track for the past year-and-a-bit with awesome results. "Build the life... etc." Plus it's fun; I enjoy the challenges of optimization and creative thinking. I didn't give up *that* much to achieve a high rate of savings. All the potential in the world, and not much concern for the future because, hey, I had a plan better than 90-whatever&#37; of the USA had. + +At noon on a Thursday of March 2018, I felt like I might have a cold or the flu. I had felt great that morning. + +The next day I started vomiting. It only got worse. + +By Sunday I was hospitalized with fulminant liver failure, kidney failure, respiratory failure, pericarditis (inflammation of the sac around your heart, will collapse your heart), encephalitis (inflammation of the brain, I barely knew who I was), and a couple other things I can't remember without checking my medical records. I didn't get a liver transplant because I wasn't expected to live. Somehow I did, and am on my road to recovery. + +But more importantly, by the time I was hospitalized, I was barely able to communicate. I could not recognize or identify close friends or family. I did not have the chance or ability to make a will, discuss finances with my family, set up a college savings account for nieces, etc. I was vastly unprepared for the most unexpected circumstance. + +It took one hell of a lesson to teach me to be prepared-- prepared beyond the "save as much as possible" mantra. + +What are yall's thoughts? Things that seem obvious to you are not obvious-- or pressing-- to the rest of the FI community. Please share. + +I haven't changed my savings plan much, but. For Garfield's sake. Stop and smell the roses. Twice. + +Edit: Because this post became somewhat popular, I'd like to emphasize something I think most people already know: When things were bad, **at no point whatsoever did I think or care about money or work**. What I did think about: + +\- How much I wanted to have one more hamburger + +\- That girl I never asked to go on a date. + +\- The embarrassing thing I said in class 12 years ago. + +\- All the experiences I had planned for RE but couldn't do. + +\- How silly my family/friend arguments were. + +\- I could go on and on, but you get the picture. +Hello everyone. + +I am a young college student in Spain, right now I'm working on the weekends and I have an extra 100 euros/month that I would like to put to work. + +I want to invest in the long term, but I'm a rookie in this topic. My bank is BBVA and they don't have options to invest in every market. I read that index funds such as SP500 are some of the best options for long term investments. What do you recommend for me? What should I use to invest through? Do I get dividends each year if I invest in a fund? + +&#x200B; + +Thank you for your time! +I have nothing against AMC, but go over to their sub’s new feed and look at the general lack of anything GME related, or the few that are GME related are saying ‘I’m also now holding AMC.’ I might be paranoid, but I wouldn’t put it past shills to post AMC here to cause FUD. I don’t want to see AMC on my GME sub, if I want to know about AMC I will go to the AMC sub. +I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined. +We have our trimmed data set on computershared.net that’s pretty bang on for calculating the total. We have the estimates of who is drsing, how many (125k approx I believe) and the average (70 or 80* ish I think it was.) + +This game just got very fcking simple. Go make some money to bring your average up. Then make some more money to help cover for other apes who can’t. And bring every single one of these shares home. + +I’m so fcking excited. Long odds? Super powerful opponent? Super high inflation debuff to make gathering shares harder? Wouldn’t have it any other way. + +This is the gamers comfort zone right here. Let’s see how high I can bring my average by July 31. I dare you guys to try to get a higher personal score than me. Enough Reddit. Let’s go make some fcking money. We got some shares we need to bring home. + +This is gonna be fun. Let’s go lock down a float. +I am 17 years old and have worked the same casual job since 2017 so I am eligible for the JobKeeper allowance because my work has completely shutdown due to coronavirus. + +I usually work about 7-12 hours a week only, meaning I earn about $150-$250 per week. + +The JobKeeper payment will give me $750 a week for doing nothing and it will already have a back payment of 6 or so weeks by the time I receive it. I will receive about $4500 for doing nothing, even though I would not have earned anywhere near this if I had been working. + +This does not make sense to me at all, would I be liable to pay any of this money back to the government in the future if they realise I am profiting so heavily from it? + +Just doesn’t seem right to me that I would earn so much more than pretty much anyone my age who still has a job, even though I realise they are trying to stimulate the economy. +I'm 24 and currently ending the job I've had my whole adult life as a labourer. I have no idea what I want to do, and honestly money is one of the biggest driving choices for me. I'm curious what kind of careers are out there that can achieve that. + +What do you do and how did you get there? + +--- + +Just wanted to add a big thanks for all the replies, didn't realise there was so many people on this subreddit. I've read every reply and taken so much away. Thanks everyone. +I’d rather not get into individual stocks that pay dividends and would prefer the ETF route. Wondering what are some lf the solid options in this regard. +I had an interesting idea that I hadn’t heard expressed here and I’d love general feedback. Ideally if someone else has done this, I’d love to know if it worked out. + +Family of 3, wife and small child, approaching Fat FIRE in our early 40s. More likely Chubby FIRE. Nearing $5M in the market which has been my goal. + +Together we make about $500k per year. We live very comfortably off $120k per year and save the rest. I feel like I live a great life and don’t feel the need for more materially (ex. bigger house, nicer cars, clothes, etc). I truly enjoy my job and am not in a rush to retire. + +The idea my wife and I are considering is what we call Brewsters FIRE after Brewster’s Millions the movie. You get to your FIRE number but instead of retiring, you continue to work with the commitment to spend all (or nearly all) of your income for the year. The details are flexible to the individual, but we were thinking basically a combo of high end vacations / experiences, and charity. No material things. + +Reasons: +1. I think our family is at a great age to enjoy great travel experiences. We’re “young” and healthy. And the kid is old enough to go on hearty trips. And remember them! +2. I think it would be a good reason to stay motivated at work and I think I would enjoy work more. +3. If there is a recession I’m “still in the game” and could pretty easily go back to contributing to savings. +4. I think forcing myself to spend more on vacations would actually be an interesting idea. We already take great vacations but I tend to be cheap (ex don’t go first class and wouldn’t have considered it otherwise) +5. I think donating more to organizations in my community is a great idea. And I feel like it would help us grow roots in our area in a way we haven’t. +6. My wife hasn’t really wrapped her head around how FIRE works. And I think this would actually get her to buy into the idea. She really likes the idea of the charity part. +7. I think this could be used as a test run of FIRE if done right. Ex. All the “Brewster spending” could come out of a separate bank account. But aside from that, we would live under the FIRE budget. + +My main concern is that we’d get used to that level of spending and it would make a transition back hard (especially for the kid). Or worse, traps me back at work. + +So…is this a good idea? Any suggestions? Any pitfalls I’m not spotting? Has anyone done this? Can you live a life like this, then go back? +My parents own two rental properties, one has been a pain, and they are getting to the point where they cannot deal with it themselves and have asked me to help. + +This morning the tenant sent them an email, about their “rent forgiveness” proposal. They currently owe $9,000 in back rent, and pay in chunks. $500 here, $200 there. Rent is $2,250 and comps are around $2,800. These properties are my parents source of retirement income. In their proposal, they outline backdating a monthly rate of $2000 to April 2018 to effectively flatten their 9k owed. + +Not only do I want to send an email saying no to their proposal, but I would like to include a rent increase form, along with a new lease to sign (they have been month to month for over a year it seems). + +In the current climate, how do I find the exact steps to take legally? If they say no, or put up a fuss, what am I allowed to do (no current lease, eviction moratorium, small claims court)? I’m in the greater Seattle area and would greatly appreciate any advice. +The courts have decided that Vodafone dues to the government need to be paid and there is no deferment on the same. Will this have an impact on Franklin Ultra Short Term Bond Fund? + +They had created a side pocket a few months ago, has that been used? + + +https://www.google.com/amp/s/www.livemint.com/companies/news/sc-rejects-bharti-airtel-vodafone-plea-to-review-agr-judgement/amp-11579162443418.html +[https://www.wsj.com/articles/drone-strikes-spark-fires-at-saudi-oil-facilities-11568443375](https://www.wsj.com/articles/drone-strikes-spark-fires-at-saudi-oil-facilities-11568443375) +# 🐸 The beginning of the a new era in yield farming and liquidity provision for the world of crypto. + +🐸 [TOAD.Network](http://toad.network/) in conjunction with PADSwap aims to change the way users view liquidity with perpetual & decentralized liquidity through a unique, one of a kind system called **“DPLP”**. + +📠DPLP is “Decentralized Perpetual Liquidity Protocol”. This means that there will forever be liquidity to farm and decentralize. This creates a rugpull-proof ecosystem for projects to utilize.📠 + +[**Toad Network**](http://toad.network/) \- 2M Market Cap + +🐸 Maximum token supply 200K + +🐸 Rugpull-proof as **DEVS have donated** all their LP tokens to the pool for users to farm + +🐸 Large selection of yield farms to earn TOAD and PAD + +🐸 Toad has DPLP farms that ensure there will be liquid toad for purchase 1000 years from now + +[**Padswap Exchange**](http://padswap.exchange/) \- 522K Market Cap + +✅ Highest LP Rewards on BSC with low swap fees. + +🔄 Swap any token that has liquidity added to the DEX + +🤝 Fair launched and self funded. The DEVs **donated over 200k** of their own liquidity at project launch + +🏦 Vault providing an ever rising price floor of pegged index backing + +💸 High rewards to liquidity providers. .25% vs the .17% liquidity providers earn on PCS + +[**✅BUY TOAD AND PAD on PADSwap!**](https://padswap.exchange/#/swap)✳️ + +Math nerds and meme lords behold: It gets even better! + +The future evolution of the TOAD.Network ecosystem: + +📊Portfolio tracker + +💰Crypto ATMs + +🚀LaunchPAD + +⚛️Governance system(TOADAO) + +🌐NFT marketplace + +👁‍🗨Simplified app + +✳️Auto-stake as savings account + +☢️New merch additions and limited series + +🧬Partnerships + +🎦Animated Video Series + +🐸Toad Network is limitless🐸 + +[What is Toad.network](https://toadytoad.medium.com/the-toad-network-46f5f6872ab6) + +[Toad Audit](https://www.dropbox.com/s/ovj6nrfbomr8trq/TOADNETWORK%20AUDIT%20REPORT.pdf?dl=0) + +[Pad Whitepaper](https://www.dropbox.com/s/bng5e1bq2u03bk6/PAD) + +[PadSwap Audit](https://www.dropbox.com/s/tp7w83imug6egjp/PADSWAP%20AUDIT%20REPORT.pdf?dl=0) +My husband and I are high income (~$300k combined gross) in a relatively HCOL big city (not NY or SF). We bought a house recently that was comfortable, great location, good school district and big enough for a family in but was well below what we can technically afford- and are paying for necessary updates in cash. We made sacrifices to keep the mortgage low (very small yard, no luxurious bathroom). We have a modest paid off car and no debt other than the mortgage. I've always been so financially responsible, and buying a home below our means felt like the right choice. + +Trouble is I'm starting to regret our decision. Our friends/co-workers are buying nicer, bigger houses and it feels kind of bad. They are looking for big forever homes and I feel like our "forever" home sucks in comparison. Will we be the "poor" friends? Will our kids be embarrassed by our house? Will we miss having more space and a bigger yard? + +How do you all get over these feelings? Deep down I know being financially prudent is good... But these nagging feelings suck! How do you ride through them? +Three things that led to this day. + +1) Sacrifice and determination to pay down our loans. + +2) Decent paying jobs where we didn't have to eat ramen, but we didn't buy many material things. + +3) We formulated our own method. You hear about the avalanche and snowball methods. We used both in a very calculated way. + +Targeting our highest interest loans with the lowest balances. So if you have 3 loans at 6.8%, throw extra money on the 5k loan before the 10k loans to get satisfaction of paying off a loan and saving the most on interest. + +Thanks for all your support over the years. It's been a tremendous help. +I'm re-reading One Up on Wall Street (Lynch). I recently found the updated edition (2000) in a thrift store for 50 cents. That's all the excuse I needed to pick it up. + +This is my favorite passage, 49 pages in \[emphasis mine\]. + +>I continued to caddy throughout high school and into Boston College, where Francis Ouimet Caddy Scholarship helped pay the bills. In college, except for the obligatory courses, I avoided science, math and accounting - all the normal preparations for business. I was on the arts side of school, and along with the usual ***history, psychology***, and political science, I also studied metaphysics, epistemology, logic, religion, and the ***philosophy*** of the ancient Greeks. +> +>As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics. Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage. If stock picking could be quantified, you could rent time on the nearest Cray computer and make a fortune. But it doesn't work that way. ***All the math you need*** in the stock market (Chrysler's got $1 billion in cash, $500 million in long-term debt, etc.) ***you get in the fourth grade***. + +Whether you're starting out or you've been at it for years, this is such a good book. It's easy, approachable, and a fantastic roadmap for the novice. For seasoned investors, One Up offers lots of real world examples and reminders of common pitfalls every bit as relevant today as they were in the 80's. +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! + +As soon as the 23rd was hyped as the most recent “date” based on reasonable past patterns, you knew they would move the timetable. They want Apes to be discouraged over this holiday and also used it to their advantage to suck money from the options players. A pattern only works to your advantage if your adversary doesn’t realize you know the pattern! As always, stay strong. HODL and DRS are our friends. Stay strong new Apes. 🚀🚀💎💎🙌🙌 +So I’ve been doing some back of the envelope math, and am thinking that if you live in the West Coast, Northeast, Chicago, Honolulu, or Denver, you need to be literally made of money and sweat solid gold to ever even dream of home ownership. + +So where I live, of the three city / county areas I’d want to live to not be an hour away from work, and even looking primarily in areas with bad schools for...reasons, the average house cost is $500k for a WWII era run-down shoebox of around 1200 square feet. And we don’t even crack the top 10 list of most expensive areas! + +Going by PF logic, I then need: + +* 20% downpayment = $100k +* 3% closing costs = $15k +* 1% of the cost of the house annually for repairs = $5000 +* Property tax, school tax, asshole tax, you-lookin’-at-me-kid tax, etc: $925 a month or $11k annually +* Mortgage payment and insurance: $2500 per month or $30k annually + +Then you need 6-12 months of expenses saved for an emergency fund. So call it 12 to be safe, and we need $30k mortgage + $11k taxes + $5k repairs + $36k other living expenses = $81k. + +So let’s add all these up and see how much we have to save before we can buy our first (crappy, 1200 sq ft, WWII era) house! + +$100k down payment + $81k emergency fund + $15k closing costs + $5k repair costs = **$201k**. Just to get in the door and still owe $400k! + +Let’s say the average person can save 10% of their monthly after-tax income. How long does somebody have to save before they can responsibly dream of owning a house? + + +* Let’s say you make the US median of ~$50k. At $50k salary = $35k take home = $3500 annually — a mere **54 years**! +* Oh, well, what if you make more? How about $75k, the median for an individual with a doctorate degree? **38 years**. +* Or what if you have an MBA and make the median $100k that folk with Professional degrees make? **29 years**. +* What if you’re in the top 1.5% for income and make $200k annually? **11 years!** + +Even if you can save 20% of your after-tax income, you’ll just cut these numbers in half. + +What is the average time before changing jobs? Well if you’re above 25 and relatively stable, between 70%-87% of people will still change jobs within 5 years. So you’re between 10% and 45% of your house-saving goal by the time you’ll get a new job and have to relocate anyways. + +Conclusion: homeownership in highly populated / coastal areas is essentially impossible for 99% of the population to strive for “responsibly.” + +Judging by the numerous all-cash no contingencies offers the crappy shoeboxes all around me get within 48 hours of listing, I’m going to hazard a guess that either nobody is buying a home “responsibly” or the rich are buying up literally every property everywhere and we’re all doomed to be serfs to wealthy landowners forevermore. And that is my cheerful thought of the day! :-D + +Thoughts from folk here? +I keep hearing how Germany can afford to bail out the rest of Europe and how the middle class just keeps growing and expanding there. What is it? + +Why has Germany not fallen susceptible to cheap outsourced foreign labor? + +Why haven't they had to institute across the board spending cuts and austerity measures? + +How can they afford the social programs there without compromising their liquidity? +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! + +Been here since January 2021, and guess what? + +I'm chill as f$%@ right now. How about you? + +2022 is going to be the year of the activist investor. IDGAF if you don't like the term, get used to it. + +The "Diamond Hands" needed where we're going, requires more fortitude than money alone can provide. But i'm going to happily take the money too. + +“I support these retail investors, their ability ***to make a statement***.” - Keith Gill + +Last Edit: This is THE ONE [https://www.reddit.com/r/Superstonk/comments/sbb0fi/popular\_opinion\_the\_sub\_is\_fine\_apes\_are\_fine/](https://www.reddit.com/r/Superstonk/comments/sbb0fi/popular_opinion_the_sub_is_fine_apes_are_fine/) + +Edit: I'd just like to add. Do you wanna know why "top dd writers" went dark? Same reason DFV went dark. They've given what they can. The info was fucking amazing. It's very appreciated. And that's it. No need to expose themselves more than is necessary to this media/government manipulation. Fuck em if they think they're getting away with this crap anymore, cause they're not. Certain people will return one day, mark my words. + +Oh and btw, look how retarded I am. I wrote "chalk" instead of "chock" and "cmpletely" instead of completely, and didn't even notice. Good fucking luck with this sort of stupidity. Shorts r truly fukt + +Edit 2: I should add. This guy is sorta right. [https://www.reddit.com/r/Superstonk/comments/sb49l2/unpopular\_opinion\_this\_sub\_has\_devolved\_or\_is/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sb49l2/unpopular_opinion_this_sub_has_devolved_or_is/?utm_source=share&utm_medium=web2x&context=3) + +I'm all for fun and memes and hype up videos, but DD and INFORMATION should ALWAYS take precedence. I wish the Mods, could keep all that good shit at the top. That said, I think everyone is still here and chillin. + +Edit 3: I have to wonder if the post I just referenced is actually just cleverly disguised FUD. Devolved? If anything, it's evolving. Meh, don't care. I'mma DRS more this week. +I know there is enough debate to get a million different opinion on just "Is it bad for the USA?" but I just wanted to see people who might know more than me discuss +I'm tired of seeing this brought up so I'm creating a thread to hopefully put this concern to bed. + +REASONS WHY THE GOVERMENT WILL NOT STEP IN AND STOP THE SQUEEZE: + +1. The Government has NEVER stopped a squeeze in history. \[EDIT 1: Someone commented that the Government Stepped in and stopped the Piggly Wiggly squeeze in 1923. This is NOT TRUE. The SEC wasn't even created for another 10 years. It was the NYSE that stepped in and stopped the squeeze, not the government, and the circumstances were very different (not to mention it was 100 years ago.) Anyway, I encourage you to read about it if you have any doubts: [https://www.google.com/amp/s/slate.com/business/2021/02/piggly-wiggly-short-squeeze-gamestop-wall-street-nyse.amp](https://www.google.com/amp/s/slate.com/business/2021/02/piggly-wiggly-short-squeeze-gamestop-wall-street-nyse.amp) \] +2. In 2008, the government let Bear Sterns, Lehman Brothers, Countrywide and many other investment firms fail. They only stepped in when it looked like the entire economy was going to collapse. +3. The Government does not care about Hedge Funds because they are not FDIC insured like regular banks. +4. Apes need to stop looking at this as if they are the only ones hodling long positions on GME and therefore the only ones who benefit from a squeeze. That's just wrong. We know that Institutions likely hold at least 100% of the float. Institutions like Fidelity, Vanguard, Blackrock and many others want the squeeze too because they stand to make BILLIONS. These institutions have MASSIVE influence over the government (hell, half the Blackrock executive payroll is in the Biden administration). The government wouldn't dare get in the way of their wall street donors and their tendies. +5. If the fallout from the squeeze is so massive that it threatens the economy itself, the Government will step in and bail the economy out (like it always does) but this does not imply or require they stop the squeeze. + +This last bit of reasoning is PURE SPECULATION, so I'm not including it in the list: + +I believe Wall Street is like a giant drug cartel; many different factions (Investment Banks and Hedge Funds) working together using large complex illegal schemes to make lots and lots of money. However, I suspect that lots of them hate each other, especially Ken Griffin because he is a risk to their entire system. Much like Pablo Escobar was hated by other Medallin cartel members because he was TOO GREEDY and his methods brought too much attention to their criminal enterprises, Ken Griffin isn't happy just going along with their system and taking his share, he wants to run and own the entire enterprise. Other cartel members will be perfectly happy sacrificing him to help keep the rest of the cartel going. That's why the DTCC, which is basically overseen by these cartel members, is setting up all these new rules. It will allow Citadel and other rogue Hedgies to fail without taking down the rest of the cartel allowing them to continue their corrupt practices with less scrutiny from the general public... + +In conclusion, it is my opinion that there are MANY MORE reasons that the government will not step in and stop the squeeze than reasons they would. I hope that people will consider this before posting fear-laden threads about the government siding with the Hedge Funds. There's just not enough reason for it. +You have to wonder why a company would take on such an unprofitable endeavor. If the housing market decides to turn again how big are their potential losses? What’s the best case scenario for this company long term? + +https://www.curbed.com/2019/3/21/18252048/real-estate-house-flipping-zillow-ibuyer-opendoor + + +Mainly thinking along the lines of Virgin Galactic's tourism trips. Anyone here ordered tickets or have any experience? + +I know in the past, there's been 8 different space tourists that I'm aware of, and they each paid about $20-25 Million a head to travel with Space Adventures, and while that is definitely FAT territory, it's probably still out of reach of 99% of people on this sub, but it's still a really cool concept. + +However, Virgin Galactic has been making some serious progress and at $250k/person for a 2.5 hour flight including 6 minutes of weightlessness past the boundary of space seems definitely within reach of a lot of this sub. Anyone here bought tickets or planning to buy tickets once they've reached fat? +With QEM sitting on one of the largest deposits of Vanadium in the world in Julia Creek QLD this seams to be a no brainer at 18 million market cap and only 100 million shares on offer. + +Vanadium is up 10 percent just this month and with it's future uses in storage batteries it will continue to rise. + +QEM has progressed to a Pilot Plant stage and is looking very promising. +We are newly married, still renting. I have 160k of debt between school loans and our cars. My inlaws are going to lose their house from a bankruptcy in 2016. His company essentially failed and he lost his house. Now, he wants to build a new house next to his son. + +He is asking me to put the 280K mortgage in my name and he pays for everything. He's suggesting an LLC and we could draw up a rental aggreement if i wanted. +I hate mixing business with family. My own father asked me last year to do the same thing for him, only for a car. Instead I just outright bought the car as a gift. I would resent it if he were late, or something else comes up that would complicate matters. +This is even bigger. My wife doesn't understand anything about finances at all, we're talking zilch. + +The way i see it, we lose out because of a hit to our credit, esp when it comes to us buying a house. The risk involved if they lose they job or become injured...i cant exactly evict them so that would be something id totally have to bear. +i'm a doctor and say i get sued, then they could lose their house. +pay for an LLC, have to pay commercial ins policy in addition to homeowner? The infamous "Due on Sale" clause if they want to transfer the mortgage over down the road. (which they are saying will hopefully be within a year, but cmon lets be real) +There are so many things out there that I'm probably not aware of! Anything else out there that might give me a headache? + + +EDIT - tough to keep up with the inbox but im trying. thanks to everyone for backing me up and for tips on how to smooth things over when making my case to the missus and then to him. + +EDIT 2 - i had the talk with her. she didn't fight me on it, only that I should just discuss it with him. I don't mind that at all. I've been drinking scotch reading all these posts so i gotta wait until tomorrow lol. then the deed will be done + + +edit 3- the deed is done. stood firm. convinced my wife and we were united. he took it well but I'm dreading seeing them in person again due to awkwardness +Hi, + +&#x200B; + +A week before someone has commented that instead of doing SIP of Nifty 50 mutual fund, he/she does lumpsum whenever the market dips by atleast 2%. Considering the today's market dip, is it a wise decision to buy lumpsum? + +What is your opinion on this? I have been doing SIP in Nifty 50 and Motilal Oswal S&P 500 mutual funds since an year and never thought about this approach. + +What is your opinion on this? I have been doing SIP in Nifty 50 and Motilal Oswal S&P 500 mutual funds since an year and never thought about this approach. +Is there a recommended strategy for investing an additional amount while continuing current SIPs? For eg., if an index falls below 5, 10, or 20% invest x, y, z percent of your current SIPs. This is to take advantage of the falling market while being disciplined and avoiding emotions to take over. +Hi All, + +&#x200B; + +A few weeks back my partner and I put in an offer for a house (715,000) - In Melbourne. We were unsuccessful, yet, we saw that the place we put an offer in for sold for $715,200. It seems like the real estate agent has worded up a friend or something of the like? + +I realise the offer is higher, yet could the agent not have let us know and we could have gone higher. + +Is this dodgy or something that commonly occurs? + +&#x200B; + +Thank you, + As an amateur options trader still learning the ropes, it seems to me that the recurring theme in all investing advice/strategies is the same: directionality is king. + +If you know what direction an asset is going with a high degree of confidence, you can make as much money as your capital will allow. If you know an asset is going down, you can short/puts, if you know an asset is going up, you can buy/go long on calls, if you know an asset is going to trade sideways, you can iron butterfly, etc. All of the well known strategies are all just different ways of making the most of your thesis about the direction. + +BUT, when it comes time to talk about how we know what we know about the directionality of a particular asset - that's when things get squirrelly. + +For all the talk of indicators (EMAs, SMAs, Bollinger Bands, Volume Price Analysis, Support and Resistance, etc. etc.) it really seems like at the end of the day some traders just seem to correctly guess direction based on how they \*feel\* about it. Even the YT videos where people break down their strategies and rules, it seems like there's still an awful lot of subjectivity at play. On this sub, when someone mentions having gone up 100% year over year, they're inevitably asked what their strategy is and they'll inevitably answer with something sort of vague like, 'I do naked calls, I just look for good entry points and then get out when I see a good exit'. + +So, really, how do you make good guesses at direction? Is it just years of losing money until you pick up on the rhythm of a particular stock? Do you have a go-to set of indicators/rules? Do you just watch what I do and do the opposite (always a smart play)? Or some other thing most of us have never even thought of? +I'm a 37 year old North American based woman who hit FIRE (2.0M) a while back and am now on my way to FatFIRE (2.85M), but I'm realizing all of the contacts that I have for this are men! I know very few on the FIRE path, and I actually know zero women in the same boat. I'm looking to grow my circle in this respect! + +Are there others, specifically women, in this position looking for friendship? It seems almost impossible to find other women in my situation. Regarding my situation: I've sent verification to the mods, hopefully it should be up soon. + +I am happily partnered and am not looking for any kind of romance, I'm only looking for platonic friendships. Feel free to reach out if you are in the same boat as me, especially if you are another woman. Discord is my primary communication for social things. + +**Edit: I did not expect the response this post got in my DMs. I am slowly sorting through all of my messages but there's about 20 left. I will hopefully be able to get back to everyone by the time the day ends here.** + +**Edit 2: I've gotten to all the DMs and post replies, will get to the chats later this morning.** +Basically my mom is going to get married to a guy that no one in the family trusts. We all think that he is trying to get access to her 401k if she decides to leave him. + +So my question is what can we do to help her protect her 401k? I was thinking of something with changing beneficiaries or something but I’m not real familiar with 401k rules. + +Edit: thank y’all everyone for the responses. I will be talking to her about a prenuptial agreement. +Picture this: + +Let’s say your a very financially stable 30 year old with a young family, house, solid monthly income to sustain the life you currently have. + +You also have 600k to invest in your future with a goal of making yourself financially independent. What is your plan? + +Edit: Additionally, already maxing out our IRA &amp; 401k +Edit 2: all 3 kids college paid for. Already have house. + +By financially independent I mean, we quit working for the man and live off our investments, dividends, properties, or whatever we have set in place with lots of financial freedom. +I currently own about 20% in a SAAS business that is worth about 150mn right now. Have put blood, sweat and tears into this thing for the last 5 years with my partner. I've been renting in a VHCOL area for the last few years (have a wife and 2 kids) and may be forced to buy next summer due to my landlord wanting to move in to the house. + +&#x200B; + +Within the next few weeks, I'll be selling some secondary shares and will net 1.1mn or so after tax. I'll retain about 18% equity in the company post secondary (about $27mn in value pre-tax). I'll more than likely be selling some more equity (via secondary) within the next 1-2 years as we have great interest from a number of VCs and investors. I currently make 300k in salary. I have about 200k in savings from before..putting me at about $1.3mn available + 300k salary + +&#x200B; + +I'm wanting to buy a home our family (and young kids) can grow into. I enjoy the area I live in and want to buy a nice, big, comfortable house. Budget for said house (that would check all boxes + allow me to live in the current area) is about 2.75-3.25mn. + +&#x200B; + +Would it be dumb to pay the 20% down on a house like that (i.e. 600k on a 3mn house).. put 700k into the market.. and rely on future payouts (future secondary, or exit) like this? Monthly payment on a house would be around 15k per month..so I'd fund that from my salary + savings (+ returns on investments). Is that an insane idea? I really desire to own a home and commit to living here long term. Is relying on future secondary/exit a bad idea? Worst case scenario my remaining equity goes to 0 (highly unlikely) and I'm forced to sell the house. + +&#x200B; + +Any advice is appreciated. + +&#x200B; + +Thanks +Hey everyone, + + +Last weekend my Dad revealed that he has inherited a HUGE windfall (\~£500,000) from an incredibly wealthy elderly relative this summer. My Dad had no idea he was even part of the will prior to the death. He always got on well with this relative, but the inheritance - and it's size - was a shock to everyone. + +Dad has since said that he wants to use the money to have an awesome retirement and look after his four children (myself being one of them). I figured this would be the point he'd reveal the financial advice he'd been given, but it turns out he's spent the past couple of months Googling his way to a plan. This made me nervous and I asked why he didn't go to a financial advisor. He mentioned the high fees and told us a tale of his auntie getting ripped off many years ago. He seems pretty adament to take matters into his own hands and I feel like I'm fighting a losing battle getting him to consult an advisor. He's very stubborn and highly values his independence. + + +Luckily, especially for a stubborn person, he often has great judgement and is SCARILY good at upskilling himself on topics, especially for a 70 year old. I just hope he's got this one right. + + +With that said, he's agreed to share his plan with you guys and is excited to hear your thoughts. So Reddit, given this crazy scenario is this plan insane, or does it make sense? + + +Current financial situation... +70 years old, retired, widower +4 kids, all in their 30s +£250k property (no mortgage left) +£550 a month income (state pension) +£35k savings (sat in a low interest current account, boo) +No private pension (boooo) +\~£500k crazy inheritance (it's currently sat split across a few current accounts, under the £85k limit) +\~£500 monthly outgoings (he has an incredibly low maintenance man who's pretty frugal) + + +Additional context from Dad, 'I smoke a ton of cigarettes so I might not make it past 80. Nevertheless I've budgeted to live to 90 and have put a 2 year carehome fund aside in case I lose my marbles'. Quite morbid, but I love his honesty. 😂 + + +The goal: Have enough money to live on & maximise money that goes to the kids + + +So without further ado, here's the plan he's cooked up... + + +Part one: Setting up the kids + + +Dad said that he's now liable to pay considerable inheritance tax (a problem our family has never had before) as his assets are worth \~£800k. He's already set out the house to the kids in his will, which he tells me gives him a tax-free allowance of £500k. He then said he'd like to gift each kid £60k (£240k between the 4 of us) in January 2021 and hopes that the '7 year rule' means that we avoid inheritance tax on this money (given he lives to \~78). This sounds WAY too good to be true, but he assured me it's the case. Is it? + + +Part two: Money to live on + + +For the rest of the money (\~£270k), Dad reckons it's best to open up Vanguard accounts and throw it into the LS40 fund split across 3 products: + + +1. S&S ISA - He currently has no ISA but wants to max the £20k limit every year until he runs out of cash or dies. This shields him from CGT he tells me. + + +2. SIPP - This sounds crazy, but he reckons he can put £2,880 into a SIPP each year until he's 75, despite having no taxable income? He then said the government will top this up with another £720 each year for free, again in a wrapper shielded from CGT. + + +3. General account - for the remaining balance (£200k+) he wants to throw it in a general account and use this to pay himself £1,500 a month. He reckons at this run rate the cash will last him until he's \~90, assuming inflation is 2% and returns of 5% a year (unsure where he got these figures from, but they seem reasonable). + +He also thinks he won't have to pay CGT on the drawdown, as although his annual withdrawals will be £18,000, the vast majority won't be profit. Is this correct? + + +Aaaand that's the whole shebang. It sounds smart from my perspective, but I'm not a financial advisor. Reddit, what are your thoughts? I know it's a TON of context, and an incredibly unusual situation, but I'm at a loss for what to do. I'm going to try my best to drag him to an advisor in the new year, but I'm not hopeful! In a year with so much pain and heartbreak I feel guilty asking for help in what is a VERY privileged situation, but I'd hate for him to balls anything up. Any help would be much appreciated. +Hi! Odd questions, but I'm buying a personalize oversized mug for my economist wife, and I want it to have a humorous econ reference printed on it, referring to its size. What would be a good gag? + +So far all I got is "Reverse Shrinkflation" or "I Reject The Law of Diminishing Marginal Utility." + +Would either of those elicit a wry smile or a sensible chuckle? Any other ideas? + From Eric Balchunas of Bloomberg: + +>Time May Be Ripe For An Inverse Cramer ETF: +One ETF that doesn't exist but maybe in the works is an inverse Cramer ETF, which would hold positions opposite to those promoted by the CNBC host. Recent calls on Netflix, AMC, and ARKK show the strategy could perform well and has potential for a hedge if the market struggles. Existing trackers and a planned index for Cramer's picks could be licensed to an ETF + +I would definitely be an investor in this just for the trolls. What is everyone's thought on a potential ETF? Would you add it to your portfolio? +It’s highly likely that I’m just seeking validation. 41M, NW > $5M, W2 > $1M, with a comfortable path to FF somewhere between $12M and $30M in the next 8-10 years. Maybe > $50M if I keep climbing the ladder. 40 hours a week WFH with occasional travel and lots of time off and flexibility. Satisfaction wise, work is about as satisfying as being a small fish in a very big pond can be. + +I could’ve only dreamt of being in this situation even by the end of my career if you’d asked me 10 years ago when my NW was zero and comp ~$100k. Up until now, I’ve kept my blinders on and charted a somewhat safe path. + +But here I am, sitting by the ocean, wondering if there should be another chapter in my book. Wondering if I should take a few years off and build that startup with 0.001% chance of success. Maybe it’s the melancholy induced by the predictability of the waves crashing against the rocks, or the vastness of this ocean perhaps. Lack of thrill? Purpose? Not sure what to call it. + +So I ask those of you who reached the point of having a comfortable path to FatFire and yet decided to wander off it - what was your motivation? How did your journey play out? + +P.S. - I am very happy, not depressed at all, and have a therapist (by choice) already who I see occasionally to stay in peak mental health. I also have good hobbies and a great social circle, but neither I’d want to spend the rest of my life on. +When you're selling options for the premiums, why does anyone go further out than a week, since the premiums go up only as the sqrt of DTE. + +In general selling 4 weeklies will bring in 2X as much as selling one monthly. And fees are insignificant. +Hey there! 👋 + +I have mostly lurked and occasionally commented, but I felt like it was worth posting this DD because I haven’t seen anyone else post about it yet. + +I’m sure everyone has already seen that a bunch of banks are selling an *assload* of bonds. Buy why? Is it because the Fed isn’t offering ~~infinite money glitches~~ exemptions past this month? Or is there a *deeper fucking reason?* + +Guess what all these banks - the only banks selling billions of dollars in bonds - have in common? + +They all have positions in GME. + +[Bank of America sells $15 billion in bonds](https://www.google.com/amp/s/www.marketwatch.com/amp/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409) + +Yeah, I know it’s from MarketWatch. Bear with me (pun not intended). + +Okay, so that seems like a suspiciously large amount of money that they “suddenly” needed on Friday (announced after market close, standard fuckery manuever used during the 2008 crisis). They apparently needed it for “general corporate reasons.” Or maybe... + +[March Bloomberg Terminal Drop](https://preview.redd.it/p9f1c97762p61.jpg?width=1920&amp;format=pjpg&amp;auto=webp&amp;s=697cfd5c71e0fa2dade4f5e8e5fef0b50f7907cb) + +Courtesy of u/RogueYorkShire, this Bloomberg terminal drop shows put positions reported in December. AFAIK, these are reported quarterly and I don’t have access to a BB terminal to show this quarters so this is what I had to work with. + +Ruh-roh, is Bank of America on there? + +Bank of America has 5,500 put contracts in GME, they are lucky number 13 with Melvin Capital being 1st obviously. They also have shares. + +But that was just one bank that sold a bunch of bonds and coincidentally had a huge position in GME, right? + +[Goldman Sachs sold $6 billion in bonds](https://www.google.com/amp/s/www.barrons.com/amp/articles/goldman-sachs-bank-america-jpmorgan-bonds-dividends-51618602441) + +*Oof.* Looks like Goldman Sachs is number 12 on the list of institutions with GME puts. + +But wait! There’s more! + +[More institutions with GME puts](https://preview.redd.it/qjzidc7762p61.jpg?width=1920&amp;format=pjpg&amp;auto=webp&amp;s=7b9c4422d1788a1c03c905615727d41e05cd706c) + +[JP Morgan Chase sells $13 billion in bonds](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/jpmorgan-sell-13-billion-bonds-184602000.html) + +JP Morgan Chase is #29 on the list! They had puts on GME too! + +*Holy. Fuck.* + +Guess who else has GME puts? Take a look at number 28: *Credit fucking Suisse.* + +TL;DR a bunch of banks are selling everything that isn’t nailed down because they have skin in GME and know *something* is about to happen and/or are getting ready for a feeding frenzy now that the Fed isn’t letting them print infinite money. + +They gotta pay us our tendies. 🚀🚀🚀 + +Edit: spelling + +Edit 2: As pointed out by u/Significant_Pirate84, I mistakenly put March as the reported date. The screenshot was taken in March but the shorts were reported in December. If another ape could post more recent short positions I will update my DD accordingly. + +Edit 3: Since I snort crayons, these are apparently put positions not shorts. The short positions are obviously wayyyyyy higher, but it’s still odd that these 3 banks with lots of puts and shares decided they needed cash the same day. +24 hour fitness won’t freeze or cancel account- Shelter in Place state + +Hi Reddit, + +Has anyone been able to cancel or freeze their 24 hour membership? My fiancé has confirmed they’ve temporarily disabled their phone line, and that they are not responding via social media or email. + +In the meantime, they are charging him $50/month—but obviously in California and most shelter in place states he’s paying for nothing. + +I’ve heard they plan to credit this time when he people cancel, e.g., after you cancel, you get additional time for the months you’re paying for now. But we’re moving in a month, and don’t want to be forced to prepay for a gym he may not use. + +He closed the card that the gym had on file—could this impact his credit? + +Has anyone been able to successfully freeze or cancel their 24 hour gym membership? + +I haven’t tried to freeze/cancel my LA Fitness membership yet, and would love to hear anyone’s experience with that as well. + +TLDR: Fiancé has been unable to freeze or cancel 24 hour fitness membership and is being charged $50 per month when all gyms are closed. No phone line up, no social media or email response. What can he do? He closed the card the gym had on file—will failure to pay negatively impact his credit? + +UPDATE: Thanks to everyone for the advice and information! Fiancé received the email today about accounts being frozen on 4/16 which a lot of you mentioned. + +I brought up the collections piece but he’s just going to see what happens. He’s already cancelled his card on file out of frustration. Thanks again! +Just blew my account again leverage trading, just about to break my laptop please how do you guys become profitable leverage traders ? +Ive been getting recked by the market +I still dont wanna give up i really wanna make this a career for myself but its so hard +I recently finished rehabbing my first house-hack property. + +I have zero expenses beside the house, and have a full-time stable income of about 40k year + +I have about $10k liquid and no clue what to do with it. + +Per my financing, I have to live in my current house-hack for a year. + +My goal is to buy 4 more units of buy-and-hold discounted multi family, this year. + +What strategy do you recommend I take in the coming months? + +(Added age for context of life situation) +I wonder why developed economies like US and Western Europe are facing such high inflationary pressure as compared to EM economies like India and China? Is the ‘helicopter money’, approach followed by FED real culprit? +With cryptocurrency being a big thing right now, I was wondering if the federal government could start their own. That would give people an option for crypto without devaluing the dollar. + +The "AmeriCoin" could be started at $10, and the federal government could always accept them for a minimum of $10, or for fair market value. This would give it a bottom floor but leave room to grow. + +Would this work? Are there any implications for the market that I'm not seeing? + + +Edit: I tried replying to some of the questions but can't seem to open the comments, so I'll add some here. + +The point of this would be to create a hybrid currency. By anchoring it with the dollar, it would be more stable that traditional crypto. But being crypto, would still grant some anonymity that you used to be able to get with physical bills but can't with electronic payments. It would also make sure the US wouldn't get "left behind" by having some other crypto becoming a more dominant form than the dollar (not a likely scenario, or one that would happen soon, but could potentially happen later on). + +Edit 2: "The dollar is already a crypto." LOLWUT? That's too ridiculous to even respond to. + +Edit 3: Central Bank Digital Currency! I figured there must be some term for this, but couldn't find anything. Thanks u/ApolloCreed +I've looked to the UK as they are similar in terms of health, diet, etc. They seem to make a significant portion of their tax revenue from VAT. Their revenue from personal income taxes is only 15-20% higher than their VAT revenue (£170 billion vs £133 billion as of 2016). The US doesn't have that additional revenue source. Also we spend significantly more on our military. + +I'm all for making the system more efficient and cutting out the middlemen (insurers) but only if it really does cut the costs for 90%+ of Americans. Right now, it seems like the 46% of Americans would end up effectively paying for the 53% that don't pay federal income tax, which will inevitably result in a net negative for many solidly middle class families. +S&P just downgraded Evergrande to “Selective Default” so at least some of their bonds can’t be used for collateral anymore. This might be another interesting step on the road to Fukt City for Evergrande. Although it seems that they seemingly have endless steps to take before an *official*\-official default. I need someone smarter than me (which won't be hard to find) to iron out the details of what this might mean. + +https://preview.redd.it/m3spif7uu2681.png?width=870&format=png&auto=webp&s=05f82fa715fca6526f49862caaa669cf2807e832 + +Info provided by u/jollyradar + +&#x200B; + +https://preview.redd.it/dw626umnu2681.png?width=602&format=png&auto=webp&s=8c571bd102e0a0f56a867865de206dfb98cf7ad5 + +>!Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. !< +Just read this on the fact sheet for workers 49-60: + +"The Social Security taxes you pay go into the Social Security Trust Funds that are used to pay benefits to current beneficiaries. The Social Security Board of Trustees estimates that, based on current law, the Trust Funds will be able to pay benefits in full and on time until 2034. In 2034, Social Security would still be able to pay about $780 for every $1,000 in benefits scheduled. Learn more at "https://www.ssa.gov/people/materials/pdfs/EN-05-10229.pdf " + +Edit: The link was going wrong due to a . at the end of the sentence. +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Hey guys, I need your help. I closed a short on Kraken when my equity (unrealized profit/loss + balance) was worth about $40k. I closed my short position by buying 200% worth of the original attempting to open a long while closing (kraken has a feature where you can choose to close your margin position by percentage, and anything over 100% turns into a margin long). + + +I instantly had a -$800 balance on my account (instead of what should be around $40k ). The long didn't open because they halted new margin positions, but the close order went through fine, showing about a -$10k loss on what was a $51k balance, which should have left about $40k--not -$800. + + +What is going on? There seems to be an error in the new system and support hasn't responded. Has this happened to anyone else? + + +Also, for those interested, here is a more detailed overview of the lintany of problems resulting from gross negligence that I have experienced with Kraken this week: + + +I opened a short right before Kraken went down to take advantage of the Korea FUD, but could not close it. Kraken had zero notification on their main website about the update and did not email me about this beforehand. Additionally, it was supposed to last 2 hours. + +To make matters worse they initially said margin trading would be closed for 48 hours after the site came back online and my first attempt to close my short failed, so I assumed they blocked people from closing margin shorts/longs since it uses the margin functions. Later in desperation, as I continued to lose more and more money as eth rallied, I tried to close it, and it worked--but that's when this new problem occurred. + + +The way Kraken announced and handled this update is completely negligent and unprofessional. I should have around $60-$70k in my account had I been aware of the update, and now I should at the least have about $40k, yet it says -$800. + +kraken-tyler and jespow how will kraken rectify this? Your incompetence cost me around $30k and possibly my entire balance if I am to believe the website atm, not to mention the extreme emotional toll this has had on me. + +I have slept 4 hours in the past three days as a result of constantly checking your status update on the upgrade, which consistently grossly underestimated the time until launch, giving false hope to users, and providing reason for me to continue to attempt to stay up a few more hours in order to close my position to minimize damage. An estimated couple hours turned into a couple more hours which turned into 2 days. I didn't sleep for almost 35 hours at the start of all of this. + +All insights into how I can go about receiving support or possibly pursuing legal action if necessary (really would like to avoid this and currently giving Kraken the benefit of the doubt, but this is not a small amount of money) to fix this situation are much appreciated. + +Edit: + +It seems this exact issue has happened to others such as /u/TraderJoeSmo + +https://www.reddit.com/r/btc/comments/7q8um2/psa_major_kraken_bug_resulting_in_missing_funds/ + +Here are the pictures he took documenting his version of this issue: https://imgur.com/a/vyU6L + +https://www.bloomberg.com/news/articles/2019-03-03/u-s-and-china-in-final-stages-of-completing-trade-deal-wsj + +>The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said. + + +>One of the remaining sticking points is whether the tariffs would be lifted immediately or over a period of time to allow the U.S. to monitor whether China is meeting its obligations, the people said. The U.S. wants to continue to wield the threat of tariffs as leverage to ensure China won’t renege on the deal and only lift the duties fully when Beijing implemented all parts of the agreement. +Hello today I waited 4 hours continuously being told my flight was delayed until they eventually told me it was canceled at which point I spent another 4 hours waiting in line at the service counter to be told that there is no refunds and they have already rebooked my flight at a different airport 3 days from now. I don’t need this flight they booked me and I don’t need travel points for a future flight. The person at the kiosk told me that I could call JetBlue but they will only give me travel points for the future at most. I called my credit card company and they told me they’ll open a dispute if a refund is not issued within 10 days. I just want my money back, my trip is ruined, is there anybody who has any experience with something like this and can maybe tell me what I should do next? + +Edit: to add to this I did have a whole trip planned with an Airbnb and theme park tickets already booked. We had a whole group of us going together and we were all given different flight times at different airports later this week. I genuinely can’t believe this is even legal. + +Edit again: turns out it may not be that legal lmao +If this is the wrong subreddit for this kinda question, let me know. Looking at some land right now that’s fairly cheap and just wondering if anyone has some suggestions for what I can look for online and in person when scoping out the land to decide if it’s crappy or not or may have issues in the soil. The price seems a lot lower than the surrounding parcels. +Porsche locked up 75% of VW stocks when that classic squeeze happened. + +20% of the float was held by German states. + +That left 5% to trade when the legal short % was around 13%. + +That's it. The NFT announcement, RC tweeting, record sale #'s .... all nice things... + +But locking up the float is the only way to MOASS. + +Until GameStop can announce that a super majority of the float has been directly registered, we are playing a game of kicking the can. + +Inside your heart you know this to be true. The DD, the experts, the historical information, it all points to this being the only thing that can bring the manipulation and corruption to the surface. + +DRS = MOASS. +Do you have a number you’re looking for before cashing out? Maybe a percentage? I’m not looking for exact numbers, just curious how others are playing this. + +I have some benchmarks that I’ve written down and how much I’ll cash out when/if my balance reaches them. I’m trying to force myself to have some rules and avoid letting my emotions take over. + + +I’m curious what the reality is for the ‘average’ Aussie right now. Where I am this is not that high of an income but I appreciate it might be quite comfortable in other areas. My understanding is that this is about ‘middle class’ in terms of earnings on average for all Australians. + +What kind of lifestyle would this afford you? + +Edit: for context. I live in Canberra where six figure incomes are common, however have affordable rent (no mortgage), no kids and two income household. Personally I feel comfortable but from comments it seems like having kids or mortgage would change things quite a bit. +In the past year my expenditures have massively increased, so I tightened my finances and I am budgeting a lot more better. One thing is that I have set myself a £500 monthly allowance for food, going out and anything I would spend on myself, and I am regularly spending more than that a month recently. I am checking my finances and I am not wasting money, and while there can be extra cost it is usually like £10-20 extra here and there, just general life stuff. I am in this weird state where I feel I cannot control my spending, even though I have mathematical proof that I am doing it. + +So my question is how do you accept this, how do you work your way through? Is this economic situation going to last for 1 year+? I think my other issue is that a year ago my job was a great one, I had enough money to live well and have £2-300 after every month and now that shrank to £100, which is not a lot. I love my job, I do not want to change it, but I am just lost here, I do not know what to do. + +Sorry if this is more of a rant with a wee question at the end, I am just really frustrated that how fast life changed in the past year financially, out of my control. +So if I was a scumbag HF who wanted to engineer a fake squeeze to shake off paper hands, I'd first want to try it on a not as threatening stock, like AMC, because in case it goes wrong, it doesn't trigger a MOASS, but just a SS. + +So what happened today? They let the gas pedal off of shorting for a bit. The price does it's thing once it's free from manipulation, it goes up. Notice it goes up smoothly, no sharp spikes that would have indicated covering. Then, at a critical point that balances giving people enough of a reason to sell (those who got in at $9-10 would have 3x profits) but not high enough for Marge to come calling, the HFs unleash their hoard and short the shit out of AMC, which you see what happened at 2 pm EST. If you look at the OBV it hardly even moved, and it took 350k in volume to bring it down $3 (about 10% drop) in the span of 4 mins. I think the HFs expect everyone to take their profits and run, but AMC HODLRs have shown that they were able to diamond hand well, from the OBV. + +At this point, the HFs are like, shit they're not selling, what do we do? Right before power hour, they try that shit one more time, and short it again, another 10% dip in just 2 mins, but again, no one sold. + +So at the end of the day, the little fake squeeze experiment the HFs did failed horribly and they ended up with AMC up 35.58% on the day, higher than it ever went before, even in January. + +So if the HFs were smart, they'd realize that if they try that with GME, it'll probably be the same thing. If they let the stock run up to around January highs, or a little higher, giving everyone who got in at around $150 approx 3x profit, and then short it 10% in 2 minutes, what will happen? Apes will diamond hand GME even harder. GME apes have more DD and have better numbers, we HODL not just for any old short squeeze, but the mother of all short squeezes. + +So either the HFs will not try it because they don't wanna risk getting margin called if the fake squeeze gets out of control, or they'll try it but with enough ammo and firepower in a hail mary attempt to drive the price down 30-50%, like what we saw in March. But again, I personally don't see why they would, because we already have history that shows apes holding through a 50% dip, so another 50% dip won't do anything at all. + +Anyway that's just my take on the GME short squeeze theory, feel free to do whatever you want with me thinking out loud here. + +***EDIT:*** Sorry, forgot to mention another big reason why they'd want to attempt this, and it's what we've been saying since forever. AMC is a distraction, and HFs think if they can cause a fake squeeze for AMC, it'll make GME apes fomo and sell GME for AMC. LOL like that's gonna work. I don't want my money in a recovery play. Sure it will squeeze due to short interest, but I don't think I've read any DD that can show retail owning the float multiple times over, which is the situation gme is in. You need that for moass. If you don't, you'll just get a regular ss. Lastly why is all of mainstream media and all the finance youtubers like Zip Trader only focusing on amc and not so much as mention gme? Think! Gme came first from DFV. He's the one who woke the world up to what a short squeeze was. Where did amc come from? Not DFV. Why would suddenly wsb focus on BB and NOK and NAKD and KOSS and BBBY AND AMC as well as gme back in Jan? Why would someone seek out and focus on other short squeeze opportunities when we already have one, gme, with great DD from DFV? + +I want my money to be stroked by papa Cohen's delicious moist hands as his penis steers the GME rocketship to Andromeda, truly transforming this once brick and mortar store into THE gaming omnichannel hub that all gamers will come to for all things gaming, not to mention creating a fucking market out of no where, the market of used digital game selling / trading. + +***EDIT 2:*** Though I may seem harsh on AMC, the only thing I don't want happening is for people to sell GME for AMC. If people already have AMC, then that's fine. If you choose to sell AMC now and buy GME, great. If AMC squeezes first and you can take that profit and buy GME, great. BUT, some people are under the impression that somehow AMC can squeeze as high as GME, or even higher. I believe that is false and anyone who is saying so truly is an anti-GME shill. Why? No DD that AMC apes own the float multiple times over. For GME, it's ridiculous how much more times the float we own. Just Fidelity users who switched from Robinhood alone is 8 million, and if they each have 5 GME shares average, that's almost twice the float. So I don't want someone to spend their hard earned dollars investing in AMC thinking it's gonna be MOASS, cuz there's only 1 MOASS, and that's GME. Always has been, always will be. + +&#x200B; + +***EDIT3:*** AMC MIGHT be used as a pump and dump to paint all memestocks as a pump and dump, including GME. +MSM - "HURR DURR AMC was pumped and dumped by retailers, look how many bagholders there are! We can't let this happen again to retail investors, let's just shut it all down to protect retail investors! Let's shut down GME as well and regulate it to prevent it from spiking up and then come crashing down again like AMC did!" + +Proof is in the pudding: [https://www.reddit.com/r/Superstonk/comments/nmnfby/apes\_under\_attack\_how\_hedge\_funds\_and\_banks\_are/](https://www.reddit.com/r/Superstonk/comments/nmnfby/apes_under_attack_how_hedge_funds_and_banks_are/) +Ticketmaster parent, Live Nation Entertainment just dropped 8% in news that it's [under an antitrust investigation](https://www.nytimes.com/2022/11/18/technology/live-nation-ticketmaster-investigation-taylor-swift.html) from the DOJ. + + + +This has been prompted in large part by market mover Taylor Swift whose ticket sales crashed the system. + +> WASHINGTON — The Justice Department has opened an antitrust investigation into the owner of Ticketmaster, whose sale of Taylor Swift concert tickets descended into chaos this week, said two people with knowledge of the matter. The investigation is focused on whether Live Nation Entertainment has abused its power over the multibillion-dollar live music industry. + +> That power has been in the spotlight after Ticketmaster’s systems crashed while Ms. Swift fans were trying to buy tickets in a presale for her upcoming tour, but the investigation predates the botched sale, the people said. +Hi everyone, I recently started learning about investing and planning to build an emergency fund before I start investing and would like your views on the same. + +From different books and here, as a general rule it is recommended to keep 3-6 months of monthly expenses as an emergency fund which could be liquidated instantly. However, since job loss is not the only case of an emergency, I would still prefer to keep around 5-6 Lacs in an emergency fund to cater to all kinds of emergencies including job loss, medical emergency or some other unexpected sudden expenses. + +My primary concern would be liquidity and only liquidity. Only secondarily, returns enough to surpass bank account interests and preferably beat inflation however with minimal risk. + +Also, I don't feel comfortable with very less money in my savings account so would prefer an amount of atleast 1 Lac in my bank account at all times. + +Now it's generally recommended to park an emergency fund in the following assets: +1. Savings Bank Account +2. FDs +3. Liquid Funds +4. Ultra Short Term Funds +5. Arbitrage Funds + +Since, I fall in 30% tax bracket, FDs make a bad option for me because of how they are taxed so I would rule that out. (Any suggestions on this?). Although, arbitrage Funds is more tax efficient, I'll also rule out arbitrage Funds because I am not comfortable with my safe money to depend on arbitrage opportunities in the market. + +Now, the question is: +1. How should I split the money between the other three options. Since I can't time the emergency, my time horizon remains unknown and could be 1 day or 10 yrs. 2. Does it make sense to diversify among liquid Funds and UST funds or since it's already low risk investment, I could park all my money in a liquid fund? +3. Generally, it's recommended to also diversify among AMCs. So should I put all 6 Lacs in one liquid fund or 2-3 liquid Funds from different AMCs? +4. Is SOA(statement of account) a preferred way of investing? Since, a mutual fund in a demat account requires DP to settle the transaction that might lead to delay in redemptions to atleast 2 days. + +Personally, I am not a fan of UST because of the time it might take to redeem the amount while liquid Funds can be claimed within one day (generally). However, if I might perform a split like 1 Lacs:4 Lacs:1lacs or something similar with most money in bank account/liquid fund I could invest in USTs too. + + +Would love knowing about how much worth is your emergency fund, and how and where do you invest? +Most recession proof: + +- job - any health care role +- industry - health, gambling + +Least recession proof: + +- job - Talent Acquisition +- industry - Travel + +I’m curious what others think with the shaky outlooks on the horizon. I work in the tech industry (cyber security role) and its definitely feeling it at the moment https://layoffs.fyi + +Edit: I worded the above poorly sorry, I mean the tech industry feeling it, not cyber roles lol. +[Bogged.Finance](https://Bogged.Finance) has announced their Token Launch Sniper for Pancakeswap V2 which will allow users to instantly purchase a token as soon as it launches. This feature will only be unlocked for people who hold 250 BOG ($1200 as of writing, and fucking mooning). + +**QRD on BOG:** [BogTools.io](https://BogTools.io), and [Bogged.Finance](https://Bogged.Finance) \- DEX tools for Pancakeswap that 400k people use per day. You have probably seen a chart from Bogged.Finance. + +As you all know, [charts.bogged.finance](https://charts.bogged.finance) is the preferred choice of many for charts on BSC. But they also have a token, which they are now adding exclusive features for. + +As I mentioned above, their Launch Sniper is the first premium feature. And comes in 3 tiers. + +Source: [Bogged Finance Medium](https://boggedfinance.medium.com/announcing-the-bogged-finance-token-launch-sniper-7dac90c6c917) + +>**Basic: Requires at least 250 BOG in your Account.** +**$10 fee per order** +\+ Dedicated High Performance Node monitors your orders +\+ Prioritises Orders based on your BOG balance. +\+ Uses high GAS to stay ahead of the crowd. +> +>**Pro: Requires at least 500 BOG in your Account.** +**$7.5 fee per order** +\+ Dedicated High Performance Node monitors your orders +\+ Prioritises Orders based on your BOG balance. +\+ Uses extreme amounts of GAS to stay ahead of the crowd. +\+ More exclusive tier means that your order has the best chance of being executed faster. +> +>**LOW ORBITING BOG CANNON: 2500 BOG in your Account.** +**Lower $5 fee per order** +\+ Prioritised Orders + + +With a 2,500,000 supply and a $12m (and mooning) marketcap, this is attainable for most right now. But will soon only be held by an elite who got in early, who will be able to snipe token launches instantly on PancakeSwap. + +The devs said on TG that they used their platform to snipe Refinable ($FINE), but they wouldn't tell us how successful it was except to tease us with pepe replies lol. + +Here's the additional things teased as coming soon to incentivise $BOG holding and locking up. + +✅ Premium features for [Bogged.Finance](https://Bogged.Finance) +✅ Premium features for [Charts.Bogged.Finance](https://Charts.Bogged.Finance) +✅ Solo $BOG Staking to earn 50% of advertising fees on [charts.bogged.finance](https://charts.bogged.finance) + + +Oh, and the BogDevs have teased that they'll display a message on all BogCharts telling people to buy $BOG. That's 1,000,000+ views per day. Get the fuck in before that happens. + +The Bogchart for $BOG is literally a green dildo rn. Get the fuck in bogbros. + +🛒 Buy: [https://bogged.finance/swap](https://bogged.finance/swap) OR [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099) +📈 Chart: [https://charts.bogged.finance/](https://charts.bogged.finance/) (duh!) +This used to be NSCC-2021-010 that would implement the SFT Clearing Service. It got delayed 9 months and was then removed and resubmitted as NSCC-2022-003. This is the one i was waiting for to pass to tell us they were close to being ready to let the MOASS happen. It would limit or prevent the rest of the market from tanking when the hedge funds started defaulting because it would let them use the NSCC as a go between for loans from other members. If they defaulted the other party would not have to worry they won't get their money and the NSCC would be able to sell off the loaned securities in a controlled manner to keep the stock from crashing. If it was just a loan between the shorter and the loaner the shorter would dump everything at once and fuck the market. There is no listed date for when it will go into effect so it's possible it will go into effect right away but don't be surprised if it's in a month or so instead. + +EDIT: People are asking if this is bad for us because they can get loans to hold off margin calls. The SHF could always get loans without this rule but this rule would make the NSCC a middleman if they used this service. The NSCC would then hold their collateral and if they default then they could slowly sell off the stocks to not cause a crash in those stocks. Whereas in a normal loan with just the SHF and the person loaning them the money the SHF is likely to quickly sell off their stocks if they defaulted and cause it to crash and screw other people holding it. So this would limit that and likely be one of the key rules the Government would want to be in effect before they let things play out. + +Here is a link: [https://www.sec.gov/rules/sro/nscc/2022/34-95011.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-95011.pdf) + +STAY STRONG APES! UNITED WE GET RICH DIVIDED WE FALL! +My duplex has one water meter and I have seen normal water usage for over 9 months when it was fully rented ($150/mo total, <10,000 gallons). However, the month of March the usage has spiked to 48,000 gallons and on track to hit 60,000 gallons for April. My outstanding bill for both months is $2,200. + +The water company tested and found no issues with the meter and says I’m responsible for the bill. I’ve filed a complaint with the utility commission. I’ve had them, my PM, and a plumber come out to look for leaks, nothing found. + +I am now having a 2nd plumber come out to look. Everyone I speak with says that sort of usage is a crazy amount. There are no pools, water features, or even a garage. Each unit has laundry, but wouldn’t that be a lot of laundry?? + +Any other suggestions?? These costs are wiping out all profit if it continues. I will pay the couple thousand for a 2nd meter to forever put this on the tenant, but can’t do that until renewals which are months and months away. + +EDIT: thank you all for the feedback! I didn’t expect so many responses, I appreciate it. I’ll keep you all posted on how it turns out! Little less stressed that this has happened to others. +In Portugal, as of now, there are no taxes over crypto assets or gains. + +Cost of living is cheap compared to average European. + +Infrastructure is good. Roads, water, sanitation, power, Internet. All is in place. + +Weather is good. Not much rain. No snow. Hot summer. Nice beaches. + +Food is great. Tasty and diverse. Meat, fish, vegetables, there are options to all tastes. + +My retirement plan is to open a crypto friendly hotel where not only crypto is accepted as payment but we'll have workshops, discussions and a real crypto community enjoyng. One day I'll get there and you'll be welcome. + +If you want a nice country to enjoy a good crypto life, that is Portugal. +http://www.wsj.com/articles/white-house-says-tax-on-mexican-imports-could-pay-for-border-wall-1485463326 + +To be passed off onto U.S. consumers, as all sales taxes are. If it happens, I can't expect any net positive results to the overall American economy. Thoughts? +Tax Accountant (CPA) here. Also XXX holder. + +This is a follow-up from a u/TwistedMechanixTX suggestion for a tax person to help answer some questions. + +I deal with IRS, not the SEC. I won't be too much help in analyzing SEC filings. But I do have a few years of experience with individual returns (family business and some high net worth). + +Would anyone be interested in a tax guide? I can read up on some rules and share some knowledge. I promise it's not as complex as you'd think! + +If anyone has some questions, feel free to post below. If this gains some interest I can start on a draft. This would be centered towards US shareholders, as I am not familiar with international tax laws. + +I don't post a lot, but I've been here since this sub was created. Not sure how to get the voted flair to show, but I can verify my license if mods would like! + +**Edit:** Thanks for all the feedback! Looks like this gained some traction, so I will do some review over the weekend. For simplicity it will probably be easier to break into a few different posts: + +* Income - money coming in +* Deductions - reducing income subject to tax +* Estimated Tax Payments/State taxes +* Gift Tax, Trusts and Estates +* Finding a CPA firm / what to expect / how not to piss off your accountant +* Non for Profits / private foundations / etc. - need to research +* Foreign Shareholders - need to research + +I'll read through all the comments over the next few days and make sure I address everything. My hope is to provide information, so you can optimize all tax advantages :) + +**Edit II:** I will start working on this over the weekend. Few things to just keep in mind: + +* Tax is super vast. I won't know every single thing but hope I can at least point you in the right direction +* I'm not comfortable with preparing anyone's returns. This is something you shouldn't try to save a few $$ on +* I've gotten a handful of questions on specific state rules. Unfortunately, every state makes its own tax rules. I will focus on federal rules for right now, since they're the most applicable to everyone. +* I've seen a few comments on tax loopholes, off-shore banks, etc. I will probably look into this, but only because I'm personally curious...my goal is to simply provide information. +they give a 9.86% dividend, selling at a P/E of 10.65, decreasing their outstanding shares, RoA is greater than 10%, current ratio is higher than 1, the company shows growth in bot revenue and profits. What am I missing here guys? Or is it just a fantastic buy? (Haven't done my serious research just yet) +It seems like a no brainer to hold $10k in I bonds, but I feel like I’m missing something. The current interest rate is around 7%. Is 7% accumulated every month and compounded on the sixth month or is it 7%/12months = .58% monthly? +I feel like 7% is too good to be true. +I’m thinking of leaving some side cash in there for a year or so until rates drop back to nothing + + +I'm bullish on sleep apnea stocks. Over a billion people have sleep apnea worldwide, it goes undiagnosed in 80% of cases, and increases the risk of the leading causes of death such as heart attack, stroke, cancer, accidents, and diabetes. I personally believe this sector will do well as millennials age and awareness increases on social media. The sleep apnea devices market is expected to have a [CAGR of 6.2% from 2021 to 2028](https://markets.businessinsider.com/news/stocks/sleep-apnea-devices-market-size-worth-6-1-billion-by-2028-cagr-6-2-grand-view-research-inc-1030292947). Resmed is the world’s top CPAP manufacturer. CPAPs are the most effective treatment for sleep apnea. + +Resmed (RMD) is my number one holding in my portfolio. I think they have a decent chance of growing to be as large as a company like Eli Lilly within the next 10-20 years. It all depends on whether or not the US Government decides to pursue a mass screening approach for sleep apnea. This is currently being debated in the [US Preventative Services Task Force](https://www.uspreventiveservicestaskforce.org/uspstf/draft-update-summary/obstructive-sleep-apnea-adults-screening). To reiterate, about a billion people worldwide have sleep apnea and it goes undiagnosed in about 80% of cases. [Check](https://pubmed.ncbi.nlm.nih.gov/31300334/) this article on pub med. + +My mid cap holdings: + +1) Resmed (RMD). + +2) Koninklijke Phillips (PHG). Also a CPAP manufacturer. + + +My higher risk growth plays are below: + +1) Inspire Medical (INSP). They created an implant for sleep apnea, analogous to a pacemaker, to keep airways open at night. I think they have a good shot long term. + +2) LivaNova (LIVN). UK equivalent of Inspire Medical, but their business is more diversified. + +3) Nyxoah (NYXH). Super risky and less proven than Inspire, but less invasive of a product. Some of their startup capital came from Resmed. + +4) Vivos Therapeutics (VVOS). Ultra small cap and could go bankrupt, but more risk more reward if their business pays off. They have a product that’s like a mouth guard, that expands airways to help prevent sleep apnea. They rely on dentists to diagnose and sell the product. + +5) Sleep Number (SNBR). There’s some press that the company will develop more sleep tech to help with sleep apnea. My hope is that the company tries to acquire #3 or #4 to have a more integrated sleep solution. + +I own all these companies with Resmed and Inspire being the bulk of my portfolio. I’m bullish on the space, but recognize that some of the small caps could have issues if not out right bankruptcies. + + + +*Not financial advice. This is for entertainment/educational purposes only. Do your own research and consult with a financial professional if necessary. Be skeptical of everything that you read online. +Go watch some interviews, or his lecture on finance on youtube. Read up about who Gary Gensler is. Read his opening statement, if after all that you just parrot "ItS mY ThIrD WEek", "hEs RegUlllaTinG hIs FuTUre EmpLOYeer" memes without at least basic knowledge about what his career path was, I will consider you a FUD spreader (not a shill, but AT LEAST a FUD spreader). + +I have full faith in Gary Gensler as the chairman of the SEC to have retail investors best interests at heart and to bring back orderly and efficient markets. + +The fact that they even LET HIM IN THIS POSITION IN THE FIRST PLACE speaks to the abhorrent mess that the markets are in. + +I'm also not buying those "yeah lets wait to see what happens", "trust is good but verify later", "he just a wallstreet cuck who worked for Goldman Sachs" shittalk that's been going on. He had more impact in those 3 weeks than his predecessor in his whole term. + +Gary as the chairman of the SEC is one of the best things going for us right now. + +Also people spamming those comments are creating the image of "we attack everyone and everything" so when people call out actual corrupt politicians, its harder to separate criticism with trolling. +(https://www.youtube.com/watch?v=HMEUFcDF-fg) Link that is referenced below - in alignment with sub rules. + + +Hey guys long time user of this sub and gained a lot of value from it. I wanted to create this open question to get peoples thoughts on what I see as scary investing advice been personified as the normal - with a strange confirmation bias (especially in US/ Crypto atm) taking place. And no I'm not talking about your snake oil salesmen or 'gurus' that (at least to me) you can see a mile off, it's people who genuinely have large followings online that talk openly of crypto 'going to the moon' and generally personifying that investing is easy money. An example of this is KSI talking on a podcast recently; (see link above) + + +With investing becoming more accessible and the strong influence of social media on impressionable/ young people, I ask, should we be worried that people could get severely burned in the mid/long term here? What can be done (with the penetration of online media continually increasing) to stop this problem getting worse? Do these people need to be burned before they spend the time to learn more about investing? And any other comments people have on this topic. + + +(I must state I have nothing wrong with crypto or US tech stocks or whatever people think is the next easy money - its more the lacking of foundational investing principles/ diversification/ fundamentals/ portfolio strategy etc that this sub clearly supports) + +EDIT; yes yes, "being" not "been" - I wrote this at 6am, give this a pass please. Luckily I choose investing rather than writing books to grow my money... + + +&#x200B; + +https://preview.redd.it/zk82vsmg5vu61.jpg?width=546&format=pjpg&auto=webp&s=66d8ab9a141b356db41c28d89929216475236ca5 + +**TL;DR: Margin is calling. Below is a list of a bunch of other stocks that SPECIFICALLY CITADEL is shorting into oblivion to make money to pay for their debt. Oh, by the way, it's not working out for them.** + +**Not financial advice. I just like the stock. All of them.** + +I'll keep this short and sweet, it's just a bunch of Ortex/FINRA data on **stocks that** **Citadel is MASS PRINTING** to make their money back. You will see some crazy shit here. + +The goal of this DD is to **show the correlation between some MASSIVELY shorted stocks that have yet to cover as of 4/22** and **Citadel's involvement within the OTC/Dark Pools.** + +\----------------------------------------------------------------------------------------------------------------------- + +Let's start with the tendie man, $GME as our reference. Remember that **the short data for $GME is MASSIVELY INACCURATE because they have only pretended to cover by buying ITM calls.** + +&#x200B; + +[GME Ortex](https://preview.redd.it/fm867xvi5vu61.jpg?width=1719&format=pjpg&auto=webp&s=48701a9a1a47417437217a6310105ccbbdb62103) + +We know already what's going on with $GME, don't need to get into it. Same for $AMC. I would post photos of the Ortex and FINRA data but Reddit has a 20 image post limit. Dumb, but I'm sure you get the point. + +Okay, here's where things get **CRAZY.** Have you heard of **Ocugen? ($OCGN)** + +Neither had I. Until I noticed that **THE ENTIRE THING IS SHORTED TO 100% UTILIZATION AND MORE THAN THE FLOAT (189M) TRADED TODAY, 4/22.** + +&#x200B; + +[$OCGN Ortex. THEY ARE MAXED OUT.](https://preview.redd.it/v36lkbuk5vu61.jpg?width=1711&format=pjpg&auto=webp&s=6f3b4301bf00da705aa9db70ce2a9d656be8eda0) + +Here's the weird thing: **THE PRICE IS GOING** ***UP.*** Shorted stocks **DON'T GO UP. Unless... YOU'RE PRINTING SHARES JUST TO PRINT THEM TO MAKE MONEY WITH NO REPERCUSSIONS.** + +Don't believe me? Well... + +&#x200B; + +[$OCGN FINRA. MORE THAN THE FLOAT was traded 4\/22.](https://preview.redd.it/us7ezvto5vu61.jpg?width=1125&format=pjpg&auto=webp&s=731f526548937e2abc195cb52b210e43f2b94974) + +Did I mention that **THE PUBLIC FLOAT OF $OCGN IS ONLY 189M? SEEMS SUS...** + +It goes deeper. Ever heard of $VXRT? You know, **THE ONE WITH THE NEGATIVE BETA?** + +&#x200B; + +[$VXRT Marketwatch \(I know they're \\"The enemy,\\" shut up lol\)](https://preview.redd.it/ure7yeir5vu61.jpg?width=978&format=pjpg&auto=webp&s=9915c45bbb88631f3a16f8c6886d752813227d28) + +**Hmm I wonder if it's been shorted...** + +&#x200B; + +[$VXRT Ortex](https://preview.redd.it/janmdn1u5vu61.jpg?width=1714&format=pjpg&auto=webp&s=6b552d07b4f5b4d11f79c96b5fd2510e9e0885e4) + +**HMM, THAT'S STRANGE... BY CITADEL? YOU PRINTING SHARES OVER THERE?** + +&#x200B; + +[$VXRT FINRA](https://preview.redd.it/lowjb5hv5vu61.jpg?width=1125&format=pjpg&auto=webp&s=ee8fec92aeaffbbd7c92643131517dfeb87e847c) + +Well, isn't that interesting. Keep in mind too that the stock is **GOING UP** as well, meaning since they can't pull out, **THEY MUST GO DEEPER.** Just kidding, although remember that they **MAKE MONEY** printing shares, and demand has shot up for $VXRT. + +Okay so what else? How about: + +1. $FSR: **134M Float** +2. $NKLA: **169M Float** +3. $SKLZ: **227M Float** +4. $MVIS: **155M Float** +5. $RIOT: **82M Float** +6. $ALDX: **38M Float** +7. $BNGO: **276M Float** + +Yup. And those are just the ones I found in a couple of hours. The list is **most likely enormous.** + +You want the data? **Here's the data with comments on each image:** + +Here's **$FSR:** + +&#x200B; + +[$FSR got DEMOLISHED. The best part? Price is going back up, and it doesn't look like it's Citadel covering...](https://preview.redd.it/qntpq2ox5vu61.jpg?width=1708&format=pjpg&auto=webp&s=e8f9dc14da3bb320ff11a136353563c0a30f6f8c) + +&#x200B; + +[$FSR FINRA. ](https://preview.redd.it/m7jihl336vu61.jpg?width=1132&format=pjpg&auto=webp&s=e52450e81e439faa8f745ffa8cd56f606a0fa2e0) + +Here's **$NKLA:** Look at that **HUGE spike in volume, and there AIN'T NO SHORTS BEING COVERED.** + +&#x200B; + +[$NKLA Ortex. \\"I'm JACKED! I'M JACKED TO THE TITS!\\"](https://preview.redd.it/de6tef166vu61.jpg?width=1719&format=pjpg&auto=webp&s=dfed87f6aa0c4d770ddd11321a8034e2003aeff7) + +&#x200B; + +[$NKLA FINRA](https://preview.redd.it/a9dlrnx76vu61.jpg?width=1135&format=pjpg&auto=webp&s=cd0ba2a4b0e2f1580cc1a9431514eb4c280ed55e) + +Here's $SKLZ. **Look at the price action at the end. It's GOING UP despite the short interest. Someone AIN'T COVERING.** + +&#x200B; + +[$SKLZ Ortex. Something's brewing here...](https://preview.redd.it/z78x3cw96vu61.jpg?width=1719&format=pjpg&auto=webp&s=08e436cdfcbaed19a79fcf65a269e5c894bc970f) + +&#x200B; + +[$SKLZ FINRA](https://preview.redd.it/2jor3ekb6vu61.jpg?width=1123&format=pjpg&auto=webp&s=03609039eade6db33f0c389075711ca75ef32298) + +Here's **$MVIS, a WallStreetBets favorite.** + +&#x200B; + +[$MVIS Ortex](https://preview.redd.it/siwo0dud6vu61.jpg?width=1720&format=pjpg&auto=webp&s=33706ffd91d59270f261e69a3a3d63db92bb7f49) + +&#x200B; + +[$MVIS FINRA](https://preview.redd.it/2sgq1itf6vu61.jpg?width=1131&format=pjpg&auto=webp&s=cf779022209ab3996c687738fca1255d480fd921) + +Here's **$RIOT.** Did you know that **THEY SHORTED IT BY TWICE ITS FLOAT OTC? (82M)?** + +&#x200B; + +[$RIOT Ortex. How dumb do you have to be to SHORT THE RIOT BLOCKCHAIN. LIKE THAT ISN'T GONNA BE A BAD DECISION.](https://preview.redd.it/1qys7unh6vu61.jpg?width=1716&format=pjpg&auto=webp&s=3ba26118eb5f8204d0de2280e181727ce7802a0a) + +&#x200B; + +[$RIOT FINRA. Well played Kenny, well played.](https://preview.redd.it/eyp9sqqj6vu61.jpg?width=1126&format=pjpg&auto=webp&s=08457f4dbe1e32504449039743d0d8c9aef568a7) + +Here's **$ALDX.** + +&#x200B; + +[A tiny one, but remember that selling shorts \(that are presumably naked\) MAKE CITADEL MONEY. It's implied that they will cover, but naked shorting typically doesn't have the intention of needing to cover.](https://preview.redd.it/amijboyl6vu61.jpg?width=1708&format=pjpg&auto=webp&s=187fcbf1c51f4ff799d7c48b5814fcdf4fd27a78) + +&#x200B; + +Here's **$BNGO. Again, look at the price action. It's going UP. And if shorts AREN'T RESPONSIBLE for it, then MARGIN CALLS will be coming for similar situations.** + +&#x200B; + +[$BNGO Ortex](https://preview.redd.it/qy42t2tr6vu61.jpg?width=1705&format=pjpg&auto=webp&s=0515dbe5a840b7aa7dbd83ecfc54bee3d020548d) + +&#x200B; + +[$BNGO FINRA](https://preview.redd.it/ux2o97ut6vu61.jpg?width=1126&format=pjpg&auto=webp&s=d51f8946dbff54d787e428462b9d03a1fefac655) + +**So what have we learned?** + +**Buy more $GME. Buy more $AMC.** You can risk the other ones in this list, **but personally I like the stonk.** The way we win this thing **is if we HODL ON WHILE THE PRICE CLIMBS,** and while these stonks certainly can and most likely will go up, **they are more of a demonstration that Citadel and friends are most certainly fuk.** These stonks are shorted into oblivion to stave Citadel its execution, **which is coming for them very soon.** + +Edit 1: Added some clarification, added "not financial advice," clarified that we actually just really like the stonk. +Today I finally said fuck it, food prices have gone up a ton, I haven't eaten anything I actually like for months now because I can't afford it and I've been living off cheap beans and rice spiced up with whatever ingredients are on sale or clearance. I'm sick of it. So today I said fuck it and bought the foods I used to. This won't last me until my next paycheck in two weeks, I'm way over budget and frankly dipping into my rent and gas money because I have no extra money. Honestly I'm already starting to regret it a little bit, but I just wanted to buy the really good cinnamon rolls from the store bakery for once. I hope everyone out there is able to treat themselves to something nice soon, but honestly I don't see how inflation and the high COL are sustainable, money wise or mentality-wise. + +Edit: I want to add that even though I was "splurging", everything I bought was still the cheapest option available (like the cheapest juice, cheapest frozen pizza, ect). It's honestly frustrating that even when I'm impulse buying and spending money I don't have, I still can't afford anything other than the lowest cost. +We find ourselves in a situation where I see no way to exit out of debt and what feels like bottomless burden. + +* We are a family of three with only my income of 28/hr (about 4850 before tax end deductions in FL) +* Our mortgage is $1500 which is about 25% lower than what it would cost to rent a slightly worse house out +* Our other big expenses are + * Two car payments totaling about $900, car insurance of about 250 a month, and gas 200$ a month + * Electric is 200-240$ on average, internet is $60, and cell phone about $50 for two lines a month +* Now our credit card debt is insane, north of 20k total if not more. That is excluding my student loans +* Both of our credit scores are also very low due to credit card debt +* Spouse is not able to work + +In past two years we had trouble paying for the mortgage and are still working out new terms. Only bright side to all of this is that we purchased before the pricing skyrocketed and on paper, we have a lot of equity due to market house prices. Not because we were paying more for the mortgage. + +I have reached out to multiple debt consolidators or loan providers to consolidate credit card debt into single payment with lower interest, but at most got 2-3000 at 20+% + +There was a discussion with one lender to get Heloc or similar, but they require our mortgage situation to be resolved and 3 months of steady mortgage payments. Granted, they did not see our credit scores and I assume once they do it will be a sad day. + +What's killing us right now is car payments and credit card payments. We have 3-4k on bank account, to possibly purchase old beater and sell two cars, but market is dry and only full of crap that will be a mechanical burned within months. + +What other service or organization can I reach out to? What would you do in our situation? +I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined. +For all of you who can't hear the GME battle cries any longer, its due to your ear drums being shattered by all the BS the media has fed you these past few weeks. + +There has been a tier 1 KILLSWITCH operation aiming to make GME disappear. And for many, it worked. + +No longer is GME on the lips of every mother and father in the beautiful United States. + +No longer is it the meme of the week, they want us to move on, forget about the stock, forget our fallen comrades at level 300, 400, 450... + +But nay, We will never forget our fallen. I sure as hell haven't, and I am still holding on like a vice grip. + +We cannot manipulate the market by telling our community what WE (ourselves) are doing... yet... Main Street players and Jim Cramer and the likes go on national television to brag about how they manipulated the markets to make profit knowing the SEC won't do shit. Now his clown ass is desperately trying to do the same to those videos on YT as they have done to GME. But the internet never forgets. + +This is absolute bullshit. The only and safest thing I can do is hold my shares. ^(\*you do you, this is only what I am doing and this is not recommended nor is it financial advice.) + +BUT I'm holding to the bitter end if it comes to that. I lost 88% so what's another 12% mean to me? + +Nothing. + +I am only writing this to find the ears of my fellow R-tards across the world who grow weak on this battlefield. We are bombarded by days of attrition. But do not waver my lads. This is only the beginning. + +My logic is this, I've read many DD articles and YouTubes videos (which means I am a pro autist by this point) and from what I've gathered, the shorts still have yet to cover and if anything they are doubling down to make even more money from the crash of this stock. + +Well hedgies... I SAY: + +FUCK YOU AND YOUR MOTHER! KARMA IS A BITCH. TRUST ME. I'VE MET HER. THERE'S NO RUNNING FROM IT. I'VE PAID FOR MY SINS TENFOLD, EVEN WHEN I LAUGHED SAYING ALL OF THAT KARMIC BS WAS JUST THAT... BS. But I found out soon enough and I am paying for my wrong doings. + +I say this to my enemies. + +You know who you are. + +"One day. You'll get a\*\* f\*\*\*ed so hard by some event, an event that will enrage you like never before, anger will erupt from the pit of your soul, and for a moment... you'll recall this post, how you were part of the operation that fucked over an entire community of small fish trying to make honest profit while playing by your rules, and you pulled the goddamn plug out of the wall when we started to win. + +And you'll realize... ahhh... fuck you karma... well played." + +&#x200B; + +TL;DR - I am holding, you do you, karma will find those who did wrong and they will pay. In the mean time I am still.....holding the line. I know you shorts still haven't covered. +I have seen many questions around income and where you should be at different ages so I have built a tool to allow you to find where you are compared with other Australians who paid tax. + +[Here is the spreadsheet, works best if you download it and use local excel.](https://drive.google.com/file/d/1fKouMcgOW3V68OWcDyUQ21AI6cW1eCDn/) + +[This is what it looks like.](https://imgur.com/a/vpQjJ1R) + +Instructions: + +1. Enter your income in the Orange Cell +2. Choose Age group and sex if you want +3. Play around with some of the settings to see how different groups compare + +Notes: + +I think many people here and in Australia are unnecessary envious because they think others are earning much much more than they actually are, I hope that this will put people in perspective of where they actually sit. This problem is exacerbated by all the 30-something males here earning above 200k which is actually very rare. +Oh right. It affects their money and power…that’s why. + +There are so many bigger problems than regulation on Crypto right now. Crypto can be used as an asset, blockchain etc. - If the governments really want to make the world a better place, they will adopt crypto/blockchain technology in some way (not legal tender but other ways) and/or focus their energies on other important stuff. +I knew for a while that a certain crypto would pump and have tried finding money to invest but I am currently paying off money from an unforseen event. +So today I watch the charts and it's pumping... + +No money to put in and tears to my eyes.. + +Some people are very fortunate and have thousands to throw in and we all know that most of those people will make it big in this game.. sucks knowing you may never be that person.. + +I guess it's hard not feeling jealous. So I guess I'm writing this to preach solidarity with people like me who feel like shit watching coins you wanted to invest in pump before your eyes and there's nothing you can do about it. + +I hope we stumble on a bag full of money that fell out of a plane tomorrow! +A few years ago I became quite successful at a venture and came into a lot of money in a short period of time. We're speaking about $800k a year. Prior to that, I did make close to $150k a year but comparatively, it was another ball game. + +I suddenly felt a lot of anxiety that was unexplained. I didn't feel comfortable telling my immediate family (besides my wife) and didn't want them to know my status. I mean, you'd think that money would bring happiness but I felt a lot of stress. In a sense, it did like knowing I could relax a little. However, the unshakable fear has never really dissipated and I am not sure why. I now currently have about 2M in investments, and enough in liquid for emergencies. + +I am still in my 30's and never had any understanding of investing prior to that period of my life. It did get a fire under my butt to learn about it and I started a 3 fund diversified portfolio with a vast majority invested, got a good CPA to help me with proper pre-tax strategies and I do feel more confident. + +However I can't quite explain where this anxiety comes from. I've never really spent much money in my life on things I don't absolutely need for me or my business. So it's a weird feeling. I also never saw myself as a "rich person" so maybe it's the vast difference in what I imagined what being rich would be like vs knowing that it happened to me so early on. + +Has anyone felt a strange emotional shift in their life when they came into money? +Hi, over the entirety of my life my dad has been the main earner of the house, supporting me through university, had bills sorted and everything. Today, it has come to my attention that sadly he doesn't have much long left, and i have concerns around how things are going to progress once he is gone. + +As things go i aim to have a conversation about finance and "the future" but as you can imagine its a hard conversation to initiate. I am aware he has a "death in service" scheme through his employment, and life insurance through his mortgage and house insurance, which potentially means the mortgage is going to get paid when he passes. But in terms of Bills, ensuring my mum is able to keep the house going. Do you guys have any resources or information about preparing for these changes, managing personal finance, and ensuring things go as smoothly as possible. + +I am currently living with my mum, dad and sister, but hopefully plan to get my own place eventually. Currently in a stable Job with a modest salary for my age. But lots of uncertainty is ahead of me and i'd love as much advice as i can get. + +Thanks + + +Edit: Thank you for all the helpful responses. I will send a follow-up if necessary later down the line, but for now i will take on board all of your advise and keep this thread as a reference. This is the first time ive used reddit for something like this and its been very nice being able to see different viewpoints and support. I cant possibly respond to all of these comments but please know i am entirely grateful. Mum has a part time job, and my sister has been furloughed, Planning on providing as much support as necessary until we've got everything sorted. + +Apologies in not being able to get back to more people, He's gone back into hospital today with further kidney complications that cant wait until his appointment early next week.. i feel that im going to have to buckle up as shits going to get tough. + +Thanks again for all of the support. +Okay. It's been a rough couple of weeks. I've take profit earlier than normal or closed for a minor loss. Despite this, my account is up about 20% for the year, even with a defensive streak this month. I'm forcing myself to stay in the game but only to take the trades that fit my requirements/setups/tolerance for volatility. + +Typically, I use 1/3 of my account for credit spreads, another 1/3 for CSPs, and keep the rest in cash. It's easy to make money, but as well all know, it's harder to keep it. + +So, I'm looking at my account allocation plan and thinking that I need to investigate a plan to merge the 2 things I love. Selling a CSP, but supercharging my premium collection by using a call credit spread on the other side of the strike, at a safe distance and only when the outlook is neutral or the normal oscillation of price has it pointed down for the moment. So, a Jade Lizzard (see Tasty if you don't know the term). + +However, I don't want to be limiting. Collecting premium and using covered short strangles and covered short straddles are also on the table. What I am trying to work though is when is it appropriate to use one of these instead and why. + +Please share your experiences and any cautionary tales here. I'd rather learn from the mistakes and observations of others. I mean, isn't that what differentiates us from WSB in the first place? WE CONSULT THE HIVE MIND OF RISK ADVERSE TRADING. OHMM. ALL HAIL TIME DECAY. STAY THETA, MY FRIENDS!!!!!! :) +[https://www.financialexpress.com/money/how-to-become-insurance-free-and-make-crores-instead-of-paying-term-life-insurance-premiums/2306690/](https://www.financialexpress.com/money/how-to-become-insurance-free-and-make-crores-instead-of-paying-term-life-insurance-premiums/2306690/) + +&#x200B; + +TLDR about the article. + +It talks about a guy who saved money instead of 'costly' insurance. + +Excerpt 1 : instead of buying a single term life cover of Rs 1 crore, he purchased five term life insurance policies of Rs 20 lakh each with 5, 10, 15, 20, and 25-year maturity. + + Isn't it cheaper to buy long term insurance. + +&#x200B; + +Excerpt 2: with a systematic approach he was able to build Rs 1 crore in just 7 years and cancel all the insurance policies! And that Rs 1 crore has grown into a lot more since then. + +It means he was saving 14 lakh per year. Even if he was saving 50% of salary he would need 7\*14 L at a corpus of 7 years annual savings which comes to 2 Cr. + +Am I missing something here or this is just a book about snake oil salesman. +4/21 - four twenty one million day BANANA DAY 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +4/22 - four 20 part deux + +4/23 - twenty third day of April + +4/26 - the Monday market doubled up day + +4/27 - apes and wildlife appreciation day + +4/28 - double down again day + +4/29 - the last day of 4/20 quadruple double down day + +4/30 - the end of April, buy 1 more gme or go all in again + +Edit: BANANAS 🍌 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🦍🦍🦍🦍🦍🦍❤️❤️❤️❤️❤️❤️❤️🚀🚀🚀🚀🚀🚀🚀 +Cant be too good for the economy. I dont know how accurate averages are, but consumer spending will probably drop by a lot in the next several years, or wages will have to increase. +I find myself looking at Glassdoor a LOT to see if a position that I am applying for would potentially pay the salary that will work for me. I'll be finishing my MBA in May and have begun some preliminary job searches so I am aware of what titles I am eligible for apply for, and it's looking like I could potentially get quite a jump in salary if this site is accurate. + +Does anyone have any insight or perhaps a better resource to use, so I'm not overshooting while negotiating or letting the employers know what salary I am comfortable with? +Hello Dividends Reddit, + +I have bought At&t back in Q1 of 2021 and it has been on the downtrend ever since. Should I bail or should I buy more and double down. Currently I have a $29.30 per share cost and staring down a loss and I am not sure if the dividends are worth the capital loss which is hampering my portfolio. Give me some advice on this move. +I don't have a lot of people around me who are aware of my real estate endeavor, so a win is always hard to share. + + But i just closed on another property, this time a 4plex @3.65% (investment) in a C turning B neighborhood. . +Already occupied, with good tenants in place, cash flowing nicely. + +Every purchase is a new experience, and I'm lucky to have found good partners to work with all those times. + +That's it, I'm stoked and wanted to share. + +Good luck to all prospective investors in here, whether buying selling building or holding. + +So I am currently 18, about to go to college next year, and as a total I have calculated it will cost me about $7,000 per year with scholarships I have earned which would mean $21,000 for the three years I plan to go (already have some credits). By the time I go to college I will likely have around 10k in savings from my job and if I work full time every summer I can make around 5k a summer which would mean I could graduate school debt free or atleast near debt free(I think, my estimate could be off). SO MY QUESTION: would it be smarter to put 6k of this into a Roth IRA and just pay off the student loans I will inevitably have to pay off or just get past this part of my life and then start putting money into my Roth. ALSO, something to note is that as of now at-least I hope to go to medical school which could mean a few more years of paying student loans and I don’t want to put my Roth off until I’m like 25-27 when I actually have a good paying job. Thanks for reading this if you did, any help would be appreciated. +Serious question. + +I purchased my first property in 1991. Every property I have bought and sold over the past 30 years not only increased in value during the course of my ownership, but also since I sold the property. + +Just trying to get a sense of what kind of price cuts we're seeing already. +I posted this on another tread as a comment but I’ve loved to have more discussion around it. + +So, I'm a new dad and I have a lot of conflicting thoughts on this whole topic of making our kids work and grind like we did. + +I will admit, I may be wrong in my thoughts since many of you have more experience. These thoughts may be a bit obscure but I think a lot of us are biased and want to keep this crazy thing we call life, on the wrong track. + +I may come off as very "antiwork," and while I don't like the general vibe of that movement and the laziness/entitlement that comes off, I do think there is some good in questioning the way we do things. + +My journey into entrepreneurship was born with the simple concept of asking myself, "why am I ok with waking up every day to do something I don't want to do." Fortunately I married my passion, skill, and market fit and have done well for myself. But this isn’t likely for most and most being our kids. + +In the case of our kids, why are we so consumed with them trading life energy for money when they don't need it, and it requires them to do things they dislike all day? It's like we want to push our kids to work and grind, so we reduce the chances of them being a shithead or because someone will negatively judge them or us. + +Now, I'm not saying everyone should be spoiled rich kids with fancy cars, clothes, and trips, but why is it a bad thing for people to just want to enjoy life, help people, and follow a passion instead of grind through all the bs most people have to deal with? Many of us being, those people at some point. + +Why are we ok as a species to be in positions we hate so that we can keep the status quo? The answer- because it's not normal to do the opposite, and we're programmed to think that's how things are supposed to be. Go to school, get a job, make money, retire and enjoy a few years with a broken-down body. Even if you don't have to. What? + +I can't say exactly how I will nudge my kid/kids along over the years, and I do want her to work and go to college for the experience and education, but I don't think it's right to make her struggle just because. + +Does that put a target on her back for hate/jealously, perhaps but am I willing to trade her life for the feelings of others? I don’t think so unless that’s what she wants. + +Many of us are in a position not to have to worry about money, working hard anymore, and struggle, but we want our kids to do it. It's weird, and I can't help thinking it's just some bizarre defense mechanism to not create a spoiled brat or withhold some pointless tradition. If work and struggle is our solution to that, I think we all have bigger parenting problems. + +Surely we can raise good kids without forcing traditional lives upon them. + +What I hope for my kid is having respect for what we have, understanding how it came about, doing good for others, and enjoying life, and seeing where they takes her. Maybe work is a part of all this but I don’t know if it needs to be and I wonder if all our thoughts behind it is our way of protecting perception at the cost of true life meaning. +Me and my GF (both 28 yo, combined gross income 185k, living in Ontario). We’ve been passively house hunting for over a year now and stumbled on a house that’s in a very desirable area at a listing price of 500k - however the caveat is that some one just passed away in the home and it needs minor renovations to be liveable, major renovations to be the dream home. + +With a 20% down payment, I’ve compared what our mortgage would look like and what we could get for the house as a rental and the numbers make sense to us. That being said, we both live in a rental right now and aren’t sure how purchasing would impede our +opportunity to buy our home. + +Our first concern is that we would loose our savings for a down payment. Second concern, we won’t be able to get a mortgage for the second home. + +Any insight into navigating buying a investment property before a home is much appreciated. +Down by 50% ? Rip the crypto market is dead and stocks are superior since they only went down by 2%. + +Oh crypto is up by 100%? God damn I should yolo my life savings. + +Oh shit I just lost the mortgage cuz crypto went down by 40% again. + +Seriously, why do people get shocked when this happens? If you're new to the market I understand, but if you've been around since 2017, or even 2020 then you should know better than this. + +It's surreal how fast the mood changes from "Crypto currency is the future" to "Everything in Crypto sucks" + +And maybe that's why crypto is a joke to the non-cryptoers. +We have our trimmed data set on computershared.net that’s pretty bang on for calculating the total. We have the estimates of who is drsing, how many (125k approx I believe) and the average (70 or 80* ish I think it was.) + +This game just got very fcking simple. Go make some money to bring your average up. Then make some more money to help cover for other apes who can’t. And bring every single one of these shares home. + +I’m so fcking excited. Long odds? Super powerful opponent? Super high inflation debuff to make gathering shares harder? Wouldn’t have it any other way. + +This is the gamers comfort zone right here. Let’s see how high I can bring my average by July 31. I dare you guys to try to get a higher personal score than me. Enough Reddit. Let’s go make some fcking money. We got some shares we need to bring home. + +This is gonna be fun. Let’s go lock down a float. +What seemed like a coordinated attack on the discord and sub to silence us and momentarily drive the price down after hours is all the proof I personally need to see to know how much higher this can rise in the coming days. They are scared. + +The shorts have only themselves to blame. They were given life lines and extra capital to escape their positions. But instead they use that money and opportunity to double down. + +They call us names and make it seem like we are bandits, when in reality we are your brothers and sisters, aunts and uncles and so on. There is nothing malicious about liking a stock and buying and holding it. + +In fact, CNBC and other outlets encouraged the young generation to start investing and tell us the stock market is the greatest creation of wealth possible. + +But when we do, they don’t like us getting it right. They are the pool sharks at the table and they just want us to play to get our money. + +Hold strong in your convictions and if you’re in a certain stock remember why and do not let emotions take over. When you do, they win and you lose. And trust me when I say, we do not get a bail out. + +Hold strong! + +Positions: 160 shares GME +I’ve just seen an add for a house that sold for 5.3million. And someone had put a comment on there “when the bubble bursts lots of people will be fu<ked” + +We are currently going through the process of buying a house. The lending criteria and the hoops you have to jump through are insane. The repaying calculator is stringent. + +So how will the bubble bursting fuck people up?? I don’t understand. You CANT borrow more than you can pay back. + +Genuinely curious!!! +Hi legends, what clothes brands have you bought that have lasted a good amount of time while still looking good? + +Wanting to buy more quality stuff. At the moment I’ve almost got a subscription to $8 cotton Kmart t-shirts. Price is right, but they don’t last too long before starting to fade, etc. Seems wasteful – would much prefer paying for a longer lasting alternative. A few times I’ve bought so-called quality clothes only to find they’re seemingly not much better than Kmart. At least Kmart is honest with its prices. + +I can get the ball rolling. About 10 years ago I shelled out $200 or thereabouts for a white Henry Bucks business shirt. Have worn it and washed it countless times and it still looks pretty good. Definitely got my money’s worth. No idea if the quality there is still the same. +I often see some people are almost scared to use any margin and will only ever trade fully cash secured on all things with no naked positions. + +If you are using proper risk management and keeping individual positions small etc you *should* not run into many issues. In fact, naked positions are often easier to manage versus defined risk positions / spreads - you have more flexibility on how you manage losing trades. + +Obviously each to their own but IMO using margin *properly* is no bad thing and can increase your returns more than the associated increase in risk. + +Happy trading. + +i am receiving some money from my dads business that he was a majority shareholder in after it gets sold by mom to my uncle and all the money is split up this is what i’m left with. i’m going to school for the next 18 months (this is being paid for by my uncle) and hopefully get my funeral services degree and work at my dad business making 50-60k a year at 21. any ideas on what i should do with the money? + +im getting my moms car a 2020 altima with 25,000 miles for 13,000 and she is going to cover the rest of the payments 2.2 interest rate. other than that im not planning spending any of it unless i have to for an apartment when i go to college. +I'm trying to set up a Roth IRA or brokerage account in my kids names without them knowing. I don't know that at 21 years old (the max age before a joint account needs to be transferred into their name) I was capable of handling the substantial amount of money that may be in these accounts at age 21, though, and so I want to keep it a secret. + +I have heard of people opening up credit cards in their kids names, utility bills in their names, and various other credit items but am not sure about investment vehicles. Any ideas? +So, according to this guy, [Al Brooks](https://www.brookstradingcourse.com/ask-al/swing-trader-return-how-much/), you should be able to make 2% a day as pro day trader: + +> I think as a general rule, a really good day trader will be making about 1% a day, maybe 2% a day. + +Consistent traders, do you agree? + +Edit: this subject always devolves into opposite opinions. Also when people ask about Al Brooks. + +Edit 2: I wonder about what's possible because [Qullamaggie says in his FAQs](https://qullamaggie.com/faq/) that you need high returns to make a lot of money starting with a small account. + +> What are my annual returns? + +> My CAGR 2013-2019 is 268%. This is the kind of returns you need every year with a small account to grow from a few thousand to tens of millions. + +Edit 3: for people that talk about compounding into billions, of course it doesn't make sense to think that is possible to infinitely compound your account because all markets are finite. Furthermore, you need to withdraw funds to pay taxes and to make a living. So please stop saying that because it's a terrible argument. Also, there are only about 220 trading days, not 365 (unless you are trading crypto). So my explanation here: + +"If my objective is to make 1% daily (on average) and my account is $1,000, I should be making $10 a day (on average and not taking into account compounding). + +Following the example, if my account was $10,000 I could be doing $100 a day; if my account was $100,000 I could be making $1,000 a day; if my account was $1,000,000 I could be making $10,000 a day; and so on and so forth. + +That's why percentages are useful: they adjust to your size. If I have a $1,000 account I'm not trying to make $1,000 for the day, I'm trying to make $10. + +Of course, I wouldn't expect to compound infinitely. Let's suppose that it's reasonable to make 1% a day on average until your account reaches $1,000,000. After that, maybe you shouldn't compound further because you can't trade effectively." + +So, of course there must be a limit to compounding depending on the instruments you trade. Al Brooks mainly trades ES and MES so that's a very big and liquid market. + +And my $1,000,000 is hypothetical, I don't know what could be the limit, it was just an example. + +Edit 4: Also the idea is making 1% or 2% every day ON AVERAGE. Of course you can't have positive results every day. + +Edit 5: thanks a lot for all of your comments. It's always great to read different perspectives. There's no clear conclusion or consensus, I'm afraid. + +I can't answer to everything because it would take forever but I've read every comment and will continue doing so. +I hope this is the correct forum to post and I've used the search feature as well. I'm going to create a new thread. Sorry about that. + +&#x200B; + +It looks like I will exceed the limits to be able to contribute to a ROTH this year. I may just sneak in and be able to contribute a $1,000 bucks. + +&#x200B; + +So, how does a Back Door Roth really work? + +&#x200B; + +These are the accounts I have: + +I have a taxable brokerage account. + +I have a Roth IRA Account with a broker + +My wife has a ROTH IRA with same broker + +I have a Schwab fun money account + +I have a 401K with my employer which I max out + +I have a checking Account + +I do not have a traditional or regular IRA I guess you would say. + +&#x200B; + +So what do I do? Do I open up a traditional IRA and do not fund it. Once that is open, do I transfer the 6k into that account. As soon as that 6K hits the Traditional IRA, I move the funds immediately into my Roth? Simple as that? What happens if the transfer from Traditional IRA to ROTH did not happen and took an extra day and funds sat in the traditional for a couple of days? + +And then, do I keep the traditional IRA open and emtpy of money and do the same thing next year if I need to? + +And can I contribute more than 6K this way? A coworker who wasn't totally sure thought that on the initial time of doing this, you could contribute a much larger amount. Not sure about that though. + +&#x200B; + +Finally, what is a Mega Back Door? + +&#x200B; + +Thank you for your help. +I posted my interpretation yesterday with a pic of RC's Sears tweet, but it got taken down by mods because it was thought to be another redundant sharing. But it wasn't! I think most of the interpretations I've seen of the tweet (it's ARS: annual report to shareholders) or, as u/rensole put it this morning: "it could be how Sears had it's downfall in 2018 [https://www.investopedia.com/news/downfall-of-sears](https://www.investopedia.com/news/downfall-of-sears/) ... or it could be a cheeky reference with the 'Rip Dumb ass' tweet that this is slowly happening to the SHF." + +**None of those explanaitions is satisfying to me.** + +I can see why people thought RC was communicating "ARS" with the pic looking as it does, but **an annual report to shareholders doesn't seem like significant news.** The last [form K-10 that the company filed](https://investor.gamestop.com/node/18661/html) ( u/boomer_here2222 rightly pointed out that it's form 10-K, not K-10. I am ape!) was in March to summarize **fiscal year 2020**, which ended January 30, 2021. That report is DONE for the year, and shouldn't appear until next year. + +We all know there's an annual meeting next week that perhaps could have follow-up material for shareholders (another ~~K-10~~ 10-K? unlikely), but that's not something RC needs to clue us into. We're about to have Q1 results, the followup shareholder call, and then the meeting. Anything they would write down will have already been said/seen. + +**So what is RC saying? What WOULD be significant for us to know?** + +It's just my smooth-brained opinion, but I think "SARS" is what is being communicated in that tweet. It's clear the "E" from SEARS is being removed, and in the process part of the S got destroyed as well. But it's still there. It's just my opinion but SARS is the spicier interpretation. + +Why? + +# SARS = Suspicious Activity Reports + +[https://www.investopedia.com/terms/s/suspicious-activity-report.asp](https://www.investopedia.com/terms/s/suspicious-activity-report.asp) + +It's a [report you file under the Bank Secrecy Act](https://www.occ.treas.gov/topics/supervision-and-examination/bank-operations/financial-crime/suspicious-activity-reports/index-suspicious-activity-reports.html). **It's not readily available for us to find, so the only way we might know is through a clue like the one RC left for us.** He's saying, "I've seen the initial voting numbers and we've filed a report. We're on it." + +"Under the [Bank Secrecy Act](https://www.fincen.gov/resources/statutes-regulations/fincens-mandate-congress) (BSA), financial institutions are required to assist U.S. government agencies in detecting and preventing money laundering, such as: + +* Keep records of cash purchases of negotiable instruments, +* File reports of cash transactions exceeding $10,000 (daily aggregate amount), and +* Report suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion)" + +# Wouldn't it be more helpful to know that GME has filed a suspicious activity report than that it files an annual report to shareholders every March? + +# I think so too. + +🚀🌕💎🤲🐵🍌🍻 + +EDIT 1: additional information + +Check out [https://www.fincen.gov/sites/default/files/sar\_report/sar\_tti\_15.pdf](https://www.fincen.gov/sites/default/files/sar_report/sar_tti_15.pdf) to see how Suspicious Activity Reports are used. I couldn't copy and paste from this doc, but here's a screen shot from p.18 re: shorts. + +https://preview.redd.it/swwsmeoi39371.png?width=2572&format=png&auto=webp&s=9025d98e2c59ae98bb39739e549d28482281dd39 + +EDIT 2: u/A_N3rdy_Guy made a good point that maybe someone with more wrinkles could help us understand. He writes, "So I don't have enough wrinkles to say for sure. But suspicious activity reports are for banks to file, not individual companies. It says so in the link you provided. I work for a bank and have yearly trainings about fraud, and Sars is a topic. I don't deal with fraud day to day so I don't know a ton about them. But I don't think they are used for the type of suspicious activity we are dealing with in the stock world. Somebody may know more about them and can comment. But wanted to offer a counterpoint to look into. " + +My thought: maybe Jeffries filed the report? + +&#x200B; + +EDIT 3: (tagging u/A_N3rdy_Guy) Did some digging and this is what I found on the Thompson-Reuters site regarding SARS: + +[https://legal.thomsonreuters.com/en/insights/articles/what-is-a-suspicious-activity-report](https://legal.thomsonreuters.com/en/insights/articles/what-is-a-suspicious-activity-report) + +## Who can report suspicious activity? + +A suspicious activity report can start with any employee within a financial institution. Employees are generally trained to flag and investigate suspicious activity. For example, if an employee notices an anonymous wire transfer of money out of the country or large amounts of money deposited into an account that had never seen such activity before, they would communicate their findings to supervisors who decide whether to file a report. **While most SARs come from the financial sector, law enforcement, public safety workers, city or state officials, business owners, and even the general public can submit a suspicious activity report.** The report functions in the same way as it does with financial matters. Whether it is a financial matter, or one related to national security, a suspicious activity report ultimately circulates to local, state, and federal agencies through the use of fusion centers. These centers make the information available to whatever other agencies may be affected by the flagged activity. + +&#x200B; + +# EDIT 4: tl;dr: GME likely filed a Suspicious Activity Report after seeing initial voting results. These are most often filed by banks, broker dealers, insurance companies, etc., but can be filed by anyone who suspects illegal financial activity. + +EDIT 5: changed K-10 to 10-K form + +EDIT 6: Also, these seem to validate the idea that SARs can be filed to report short selling abuses: [https://www.sec.gov/enforce/34-89404-s](https://www.sec.gov/enforce/34-89404-s); [https://www.sec.gov/enforce/34-86970-s](https://www.sec.gov/enforce/34-86970-s). + +EDIT 7: via u/xvalid2 Placing here for visibility and more input. I also included my reply to him asking if it's plausible Jeffries/Vanguard/Blackrock could have filed on GME's behalf. + +**from xvalid2:** "I work in BSA/AML and am willing to answer questions. + +Yes, any employee of a financial institution is technically able to file a SAR, though it’s incredibly unlikely that just any employee would file a SAR. You’d have to basically work in BSA/AML/Fraud to even know what info to include in the SAR and where to submit it. + +GameStop as a company wouldn’t be able to file a SAR. Technically, their broker possibly could, though I’m guessing there’s a different route for voting results as you probably wouldn’t file a SAR for that. + +When you file a SAR you would usually have a decent amount of details, such as suspects, accounts, etc. who what when where. + +Filing a SAR is also no guarantee for anything. The amount of SARs filed each day, week, month, is a lot. + +I very much doubt RC filed a SAR for whatever it actually is that is being referenced in the original post. Generally a broker would file a SAR for something like money laundering or fraud, fraud in the sense that someone opened an account with a stolen identity or is trading in an attempt to layer illegal funds. + +I am not putting down the OP, I am just countering the argument. In my opinion it could just be related to the Sears bankruptcy or shorting of Sears." + +**MY REPLY** + +"*This is helpful.* + +*Do you think they could've had Jeffries, Vanguard, or Blackrock file an SAR? It sounds like they might be likely candidates. I saw another post where an ape discovered that Jeffries' two largest stakeholders are Vanguard and Blackrock (both of whom we know are major investors in GME). Maybe there's a coordinated effort to report?"* +First of all, sorry for my German potato English. I am relatively new to this retarded sub, started lurking in it around December 2020 I think, because that was when I started "investing". + +That's also why I don't want to talk about the trading/financial aspects of this whole meme stock situation, but want to take a look at the general behavior and use of language the past two months. + +After deeply following the discussions about the effects of fake news, filter bubbles, the radicalization of individuals through social media and the laws and regulations regarding these topics in the past years (including research on these topics for an essay I wrote as a law student, which I still am), there are certain key words or phrases that have been established in the discussions and DDs regarding GME etc. that either make me really angry, frustrated or irritated. In the past couple of weeks, I had these thoughts swirling around, and wanted to share them: + +\- I know confirmation bias is strong in all of us, me included, but that doesn't mean we shouldn't allow and discredit different opinions. A civilized discussion, where every argument/fact backed standpoint is heared and respected, is what brings the best results and answers, regardless the topic. + +\- "CNBC FAKE NEWS", "THE MEDIA IS BOUGHT BY HFs" etc. I totally see where these claims are coming from (the strange amount of articles regarding SLV etc.), but endlessly repeating these phrases has not a single positive effect. In my opinion, these phrases aren't apolitical at all, and hence shouldn't even be allowed in this sub. I'll explain why: Not only in the US, but also in Germany, these phrases, portraying established media outlets as "fake", "controlled by XY", "biased towards left/right", are predominantly used by populist groups and people with tendencies towards the conspiracy scene. Based on this, I can't read these phrases in a non political way, especially with all the discussions of the past years in mind. That's why I find it irritating to read these phrases over and over again not only in the daily discussion and GME threads, but also in popular posts on the hot page of wsb. + +\- In addition to the previous point, I'd like to introduce you to the concept of ambiguity (in-)tolerance. + +"Intolerance of ambiguity may be defined as ‘the tendency to perceive (i.e. interpret) ambiguous situations as sources of threat’; tolerance of ambiguity as ‘the tendency to perceive ambiguous situations as desirable" [Wikipedia](https://en.wikipedia.org/wiki/Ambiguity_tolerance–intolerance) + + A phenomenon of social media "discussions" nowadays is the find, that many people are lacking the ability to accept different opinions and to accept the fact, that an event or a fact, (e.g. GME stock price, short %) may have more than one possible reason or explanation, especially if you prefer on of the reasons over the others. + +Regarding our situation, this often leads to people down voting, hating on and even threatening users who try to show different possible perspectives on the events surrounding the GME craze instead of having an open discussion and being thankful for a broader look on the situation. + +\- "short ladder attacks" This term, which was used more and more often during the first weeks of February after GME hit its high, resurfaced in the past couple of days in many threads and posts, even though we had many very solid DDs on why this term and concept is wrong and shouldn't be used. I don't know why, but I can't read any post with that term in it without a strange feeling in my guts, regardless of the overall quality of the post. + +Some additional points: + +\- Since GME settled at around 40$, we had a new trending post setting a fixed event or date as the "MOON TIME" almost every day. and correct me if I'm wrong, but as far as I remember not a single one of these theories became true. Most of the time it even felt like it had the opposite effect of letting the stock price drop once reaching the predicted date. That's why I stopped trusting these kinds of posts and hyping myself up for then being let down once again. The next "big date" is the 19th of March, with many people hoping for that to be the rocket launch. And as much as I too wish for it to be true, I really don't think we should continue to name fixed dates for a liftoff. + +Regarding that you always have to remember, that everything written here can be and most probably is read by not only us little idiot sandwiches, but by every single HF social media guy, every journalist and every other person who feels the need to waste some time on here. + +My conclusion is, that every hype that arises, also attracts people who bet on the bursting of it. + +\- That leads to another point I want to make: not every chart action that happens is an evil strategy of a Bond villain like HF Manager. As I understand, it is a long known and "popular" strategy to invert the trending stock actions (buys/sells) of WSB users for profit. So keep in mind that every post with for example a solid theory for the next liftoff of GME or a DD for a stock that reaches the hot page, attracts many users who try to bet against it, which is completely normal. After all we are a bunch of individuals. In the end of the day everyone has his own profit in mind, and not a collective greater good. And that's not a bad thing, but the inner core of this sub, which made it what it is today. + +So all in all, think about what you read, try to understand different perspectives, engage in meaningful discussions, ask questions, and don't spend too much time on here. The squezoozle happens when it does, or maybe it won't, who knows, let the time show it. + +&#x200B; + +Be nice to each other, have a wonderful day and fuck you. + +&#x200B; + +Position: GME 3 @ 200 +Gross salary 84k +Net salary for (married and 2kids) +Belgium= 47k +Germany = 56K +Why this variation? Of course taxes but am I missing something else as well? +Also 84k in Belgium is not as easy to get as it is in Germany for same exp and similar job. Should then one leave BE and go to DE? + +Edit: I don't get any significant extra legal benefits like car phone Sodexo etc. Also the net covers the 13th salary, etc and all. + Also more important question or fact is the second part of op. It takes veryyyyy long time to get 80+ gross in Belgium than in Germany. +Some context/background, I lived my teenage years in the Netherlands before my family moved to Ireland. My schooling/education and work experience is all in Ireland. For as long as I can remember I've wanted to return to NL, this opportunity is there but with some drawbacks. + +From what I can find salaries in NL are definitely lower and I've been fortunate to receive a job proposal at 500e less than my current salary (10%). To a point I'm ok with this as it's an opportunity to move and not lose out too much. Taxes are pretty much similar between IRL and NL for the same gross salary. + +I know it's only 500e a month (I will recoup some of this if I'm eligible for 30% rolling) but the salary ceiling seems to be lower in NL compared to IRL. I'm a little unclear on bonuses and the like (12.5% of salary currently) and NL has compulsory pension contributions (at present I don't have this however I contribute 10% of my salary currently). + +Life is not bad in Ireland, financially I'm more comfortable and have room to grow further in my current role or by moving. What I gain from moving is a better quality of life, but is this worth it financially? (Side note, I do think so but I'm afraid I'm overlooking something (fully aware of the housing issues in both countries)) +I was holding massive amount of 26th Feb 20.5 RKT calls. I was super balls deep like way way deep with almost all my money. Fucking RKT traded sideways all the while I held the calls. For months it trades range bound 18-22$ range. My breakeven was 23.40$. + +It was massively manipulated as I saw the charts every single day. I had high hopes on 25th Feb Earnings Call. And, guess what? It was one of the best ER I have ever seen in the history of my trading life. All their figures were 100%, 140% and shit like that. Crazy. + +However, on 26th Feb it didn’t move shit. Just moved a little bit. And, had to close my positions at massive 75% loss totalling around a shy of a 100k. + +The kicker is on 1st March some dude on TV mentioned the ticker RKT, and on 2nd March it literally skyrocketed 100%. Went all the way to 40$. + +This market is heavily manipulated and I learned my 100k lesson the real hard way. My mind thinks what if that dude would have came on TV a week earlier, but hell No. It’s all fixed. That dude was sent by someone intentionally after Feb 26th calls expiry. Shit like this happens everyday all the time in this market. It’s no longer about fundamentals. It’s all about figuring out manipulative plays. + +EDIT: To all the people suggesting buying longer Theta or LEAP, well I just realized I bought these calls 5 months ago. Also, it wasn't way OTM. Just a little bit which I believed to be hitting right. I mean look at the ER numbers. My theory was right. But, that's what big players do. They make our theories wrong! Diamond handed 5 months and jack shit nothing happened. Expires and on the next day boom! Max Pain Theory is real! +So here I am, awake at 2am looking at different brokerages and insider trading when I came across this nugget. I couldn't believe it because this is just straight up scary. Why would the Chairman be dumping tens of millions of dollars in stock in his own name? Are they shorting GME? Any apes with insight on this? Do we have a recent Bloomberg terminal? I would love to look into this some more. + +The Charles Schwab (NYSE:SCHW) Insider Buying and Selling Activity + +Insider Ownership Percentage: 10.80% +Insider Buying (Last 12 Months): $296,268.02 +Insider Selling (Last 12 Months): $202,010,989.03 + +Either someone is getting ready for the biggest transfer of wealth or someone is getting ready for the biggest transfer of wealth. + +Not financial advice but holy smokes. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Grab a seat, grab a beer and strap in. It's going to be a crazy ride. + +Buy, hodl, vote. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +https://preview.redd.it/l0yhf5uo39w61.png?width=1351&format=png&auto=webp&s=f357dd42b4ff7be7cfed67977945b4388550fec1 +So for the past three straight days, millions of volume has been removed after hours in what appears to be a “glitch” – except it’s happened for a few straight days. Also, why would these transactions just disappear? The stocks with disappearing volume seem to be on the NYSE and it doesn’t seem to be only GME. An issue with the consolidated tape? I believe that's only partially true. + +For more evidence on this being a thing that's showing up. + +Check out u/ECSJay post ([https://www.reddit.com/r/Superstonk/comments/n5q0kf/negative_1_million_volume_in_afterhours/gxb85on/?context=3](https://www.reddit.com/r/Superstonk/comments/n5q0kf/negative_1_million_volume_in_afterhours/gxb85on/?context=3)) and u/bsw000 post ([https://www.reddit.com/r/Superstonk/comments/n6yfab/td_ameritrade_showing_another_negative_volume/](https://www.reddit.com/r/Superstonk/comments/n6yfab/td_ameritrade_showing_another_negative_volume/) ) + +As I was writing this, I also saw u/dlauer’s post on the same issue. ([https://www.reddit.com/r/Superstonk/comments/n772fg/negative_volume_prints/](https://www.reddit.com/r/Superstonk/comments/n772fg/negative_volume_prints/)) + +I'd love for some critiquing on my theory here as well. + +**TLDR** + +Based on public removal of volume from the consolidated tape (which normally doesn’t happen, especially not immediately after the trading day is done), I suspect that it is likely that Citadel Securities handling of GME transactions (which is showing these glitches among some other stocks reporting the same error that are under Citadel's purview) is resulting in trades being flagged as “clearly erroneous” and that the NYSE is stepping to review these trades and after that review are REMOVING them from the volume after hours and showing up as these weird negative volumes. + +**TLDR OVER** + +Ok 🚀🚀🚀🚀🚀🚀🚀🚀 time. A bit of background on how the system software works behind the scenes in the stock market - but this is a simplified explanation. The CTA (Consolidated Tape Association) runs the CTS (Consolidated Tape System) and the CQS (Consolidated Quote System). Each of these are known as Securities Information Processors or SIPs. + +The current Participants (of the CTA) include the Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, Inc., Financial Industry Regulatory Authority, Inc., Investors Exchange LLC, Long-Term Stock Exchange, Inc., MEMX LLC, MIAX Pearl, LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX LLC, Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., NYSE Chicago, Inc., and NYSE National, Inc. ([https://www.ctaplan.com/index](https://www.ctaplan.com/index) ) + +The CTS is an electronic service that reports the latest price and volume data on exchange-listed stocks. The CQS is an electronic service that provide quotation information. Both services were implemented back in the late 1970’s to help with the move to electronic trading. Each of these are known as SIP’s. +([https://www.exegy.com/2019/12/consolidated-tape-nyse-feeds/](https://www.exegy.com/2019/12/consolidated-tape-nyse-feeds/) ) + +There are three tapes involved here called Tape A, Tape B and Tape C. GME is on Tape A (you can find this at this link [https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx](https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx)). + +The Securities Information Processor's (SIP) link the U.S markets by processing and consolidating all protected bid/ask quotes and trades from every trading venue into a single data feed. It disseminates and calculates the National Best Bid and Offer (NBBO) and Limit Up Limit Down (LULD) prices. It also handles short sale restrictions and regulatory halts. + +SIPs collect trade reports from ALL SRO (Self-Regulatory Organizations) INCLUDING OFF-EXCHANGE VENUES (i.e. Dark pools) reporting trades via FINRA trade reporting facilities. ([https://www.ctaplan.com/publicdocs/ctaplan/notifications/trader-update/Revenue_Allocation_Formula_Summary.pdf](https://www.ctaplan.com/publicdocs/ctaplan/notifications/trader-update/Revenue_Allocation_Formula_Summary.pdf) ) Basically this means that ALL QUOTATION AND PRICING INFORMATION FOR ALL TRANSACTIONS ARE INTENDED TO BE RECORDED BY THE SIPs. But shit seems like it is being removed right? We’ll circle back to this in a bit. + +We need a bit more background on the NYSE and SRO's. + +Examples of SRO’s would be the current participants of the CTA, listed above. So the NYSE is an SRO, while it’s designated market makers are Citadel Securities LLC, GTS Securities LLC and Virtu Americans LLC, with Citadel Securities LLC being by far the largest. However, Citadel Securities is also a Supplemental Liquidity Provider, which will be important in a moment. + +The NYSE runs something called the Retail Liquidity Program. There are two classes of market participants that “help” with handling retail orders, called RMOs (Retail Member Organizations) who submit retail order flow and RLPs (Retail Liquidity Providers) who provide price improvement. Funnily enough to be an RLP you must be a designated market maker or supplemental liquidity provider. Turns out Citadel Securities is BOTH, making them the likely primary candidate here, especially given their 40%+ handling of retail trades. + +So the SIP’s record ALL of the transaction data regarding the NYSE and Citadel Securities has its finger intimately inside of the retail order flow at the NYSE level through its involvement as a DMM, SLP and RLP. This is slightly different than the payment for order flow (PFOF) stuff they conduct with other groups like Robinhood. + +As a side note, the orders that come from RMO’s require a couple of interesting ORDER TYPES and cannot come from a trading algorithm. All three of these order types begin with “Remove order that interacts with Retail Liquidity”. Now I don’t think these actually remove volume, but I’d love for another person to dig into this or I will if I get more time. Basically at the NYSE level, there are special order types for retail trades and these can get handled by an RLP. + +🚀🚀🚀🚀🚀🚀🚀🚀 + +Remember earlier how I said that GME is on Tape A? **Turns out you can download the document for Retail Orders from April 26-30, 2021 handled through the RLP from the NYSE website**. ([https://www.nyse.com/markets/liquidity-programs#:~:text=Retail%20Liquidity%20Providers%20\(RLPs\)%20who,do%20not%20receive%20enhanced%20economics](https://www.nyse.com/markets/liquidity-programs#:~:text=Retail%20Liquidity%20Providers%20\(RLPs\)%20who,do%20not%20receive%20enhanced%20economics)) + +*An unrelated to this topic but cool piece of data I came across here is in that 5 day interval on average retail put in orders to the NYSE's RLP system for 130,000 shares of GME every day. (It doesn’t say buying or selling, but we know how retail folks feel about selling GME) Tweaking that number to round out at only 100,000 shares bought per day (75% of orders are buys) would mean that the diamond hands likely locked up around 2% (500k/26 mil) of the available float that week. This little tidbit would also imply that about HALF of the shares being bought during that period didn’t come from other retail. Which either means that institutions are selling their shares to us OR the lovely DMM/NSCC is rehypothecating around 50-60k shares EVERY DAY that week. I’m suspecting it’s the latter, but let’s move on.* + +Now we know a couple of things. We know that GME is on Tape A, retail trades are handled by an RLP (likely Citadel) and we’ve seen that millions of volume is showing up as “being removed” after hours. We know that Citadel has its sticky fingers in basically every aspect of the NYSE, particularly with handling retail orders due to its role as a DMM, SLP and RLP. + +So how does volume actually get REMOVED from Tape A in order to show these after hour reductions? Why wouldn't Citadel just remove this from showing up with their special position? Turns out, I don't think they can. Only a NYSE exchange officer (higher up than Citadel) seems to be able to perform this clever magic by enforcing the following rule and they have to act since it's affecting a large group of tickers. + +🚀🚀🚀🚀🚀🚀🚀🚀 + +**Clearly Erroneous Executions (Rule 128)** + +You can find all of the rules ([https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf](https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf)) +A transaction with an obvious error such as price, number of shares or any other unit of trading, or identification of the security. When transactions are classified as clearly erroneous it ends up being REMOVED from the consolidated tape. That does mean though that they hit the order book at some point before being removed. + +From what I could find, this is the ONLY reason a transaction would be removed from the tape after hours. Remember that the tape records all the dark pool data as well. It records every transaction and requests for review of clearly erroneous transactions must be reviewed by an Officer of the Exchange. Importantly, this rule runs OUTSIDE of the reach of the sticky Citadel fingers. If a trade is flagged as obviously erroneous it needs to be rectified BEFORE THE BEGINNING OF THE NEXT TRADING DAY. This fits with the after hours theme. It also means someone has decided to enforce this rule specifically. + +But why? + +Interestingly a clause in Rule 128 is present that describes the thresholds for declaring a trade "clearly erroneous" but specify **that this can be threshold can be ignored, allowing the exchange to set their own reference price**. We've been trading sideways for awhile. Anyways, it reads that the threshold can be ignored “in other circumstances, such as, for example, relevant news impacting a security or securities, periods of extreme market volatility, sustained illiquidity, or widespread system issues, where use of a different reference price is necessary for the maintenance of a fair and orderly market and the protection of investors and the public interest.” ([pg. 426 of the NYSE rules](https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf)) + +**I think it’s safe to say that Diamond Handing the stock has resulted in **Sustained Illiquidity** recently, with volumes around 3 million per day.** + +💎💎🙌🙌 + +**It might interest you to know that Citadel Securities LLC has been fined six times by FINRA for abusing the exchange systems for CLEARLY ERRONEOUS transactions within different exchanges.** + +Based on this, I believe that it’s likely that our missing volume blips are emerging from someone at the NYSE (cough Citadel cough) manipulating the price during the day, then batches of these trades are getting flagged as erroneous and then the NYSE is stepping in to remove them in the after hours before the next day begins. Since it's a few different tickers simultaneously, the NYSE HAS TO STEP IN TO FIX IT. + +So why would Citadel submit clearly erroneous trades to get flagged? + +I think they've made a colossal mistake shorting GME, but are completely and utterly trapped. I don't see how this helps them get out of it. Could the NYSE itself be trying to stabilize things until the rules pass? End of the day it doesn't matter why cause shorts gotta cover baby. + +But based on this, I damn well believe they ARE doing it. + +*Tick fucking tock.* + +EDIT 1 - So apparently the CTA reported an error on the CTS tape for May 5th on Tape B (which GME isn't on). Hmm. ([https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886)) Credit to u/MonoshiroIlia + +EDIT 2 - I've gotten a few messages and seen some comments about what happens to these trades and thought I would share my thoughts, even though I could be completely wrong. If these trades happened between complicit hedge funds or were wash trades with separate entities within Citadel, then the parties would agree that they were erroneous, and the clearly erroneous trades that are cancelled don't require the generation of additional shares so the Exchange would just nullify them after hours - no extra shares need to be made. If some of those trades went to retail though, it's likely that if the Exchange overrode the trade (normally both sides need to agree, but there are provisions that allow the NYSE to do this) then the NSCC would need to fill the order using (likely) rehypothecated shares. + +EDIT 3 + +Holy crap - posted this and went for a few garage beers and woke up to lots of questions/comments - glad people reviewed this. + +u/Pouyaaaa sent a message that /uECSJay posted [this](https://www.reddit.com/r/fidelityinvestments/comments/n5qurg/how_do_you_get_a_negative_1_million_volume/gx7ah70/?context=3) which confirmed that Fidelity is aware of volume "disappearing". + +u/bluewhitecup sent a couple of interesting links that I have yet to dig through. + +u/Financial_Napalm posted about wash trades where the buy and sell are both cancelled - there's no way to tell this as far as I am aware as the data isn't specific enough. + +u/KompostMacho mentioned this as a good way to control price since the trades are declared erroneous. In fact it's even better for price control than that, since the NYSE can directly INTERFERE with the reference through the threshold clause - whether that would be to the GME investors benefit or not, there's no way to tell. + +u/HoosierDaddy_76 asked about looking through retail trading data on the NYSE. I only found the one link that recorded trades conducted within the RLP that recorded trades from April 26-30, 2021. It's likely the other data exists somewhere, but I have been unable to find it. It may be paywalled by the NYSE and likely would be expensive to get access too. + +I think I included most of the important ones to address now. + +For reference repeatedly submitting clearly erroneous trades is illegal and will result in fines (remember that Citadel's been fined 6 times for this). But like most illegal things in money land, these fines are not that large comparative to the benefits. + +🚀🚀🚀🚀🚀🚀🚀🚀 +This is a summary of what we have discovered: + +🍌 + +Citadel adds a new branch to hide certain holdings (Ashler) + +Obtains a large portion of Freddie Mac (percent not known) + +Some insane shit goes down in January with their books + +Major drama and defaults happen, all connected to Citadel + +New rules are passed by the govt in record time because Citadel is way too connected to the housing market/ commercial properties + +May 10 - We get the "wind-down plan" + +Members from Freddie Mac bail the same day + +May 11 = Freddie Mac (listed under Ashler) filings released + +**AND NOW IT’S GETTING UGLLLY!!!  (stay with us here.. its deep, and connected globally🌎🌍🌏)** + +References + +2020 ADV Form – Citadel Advisors LLC + +[148826.pdf (sec.gov)](https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf) + +2015 ADV Form – Citadel Advisors LLC (for comparison) + +[158862.pdf (sec.gov)](https://reports.adviserinfo.sec.gov/reports/ADV/158862/PDF/158862.pdf) + +Freddie Mac May 11 Report + +[FEDERAL HOME LOAN MORTGAGE CORP - ABS-15G/A - - FILE 18 OF 18 - May 11, 2021 (fintel.io)](https://fintel.io/doc/sec-federal-home-loan-mortgage-corp-1026214-abs15ga-2021-may-11-18758-401) + +Ashler Capital + +[Ashler Capital Llc - Portfolio Holdings (13F, 13G) (fintel.io)](https://fintel.io/i/ashler-capital) + +[https://www.citadel.com/investment-strategies/ashler-capital/](https://www.citadel.com/investment-strategies/ashler-capital/) + +Madison + +[https://www.mdcp.com](https://www.mdcp.com/) + +GME Timeline + +[https://gmetimeline.com/](https://gmetimeline.com/) + +From Citadel Advisor LLC’s recent ADV Filing: + +CITADEL ADVISORS LLC + +Complete this form truthfully. False statements or omissions may result in denial of your application, revocation of your registration, or criminal prosecution.  + +QUESTION: + +What is the total number of offices, other than your principal office and place of business, at which you conduct investment advisory business as of the end of your most recently completed fiscal year? + +ANSWER: 19 + +CITADEL ADVISORS LLC (CRD# 148826/SEC#: 801-70860) + +**Alternate Names: ASHLER CAPITAL LLC (RELYING ADVISER),** CITADEL ADVISORS II LLC (RELYING ADVISER),CITADEL ADVISORS LLC,CITADEL ASIA LIMITED (F/K/A CITADEL (HONG KONG) LIMITED) (RELYING ADVISER),CITADEL EUROPE LLP (RELYING ADVISER),CITADEL HOLDINGS I LP (RELYING ADVISER),CITADEL INVESTMENT CONSULTING (SHENZHEN) COMPANY LIMITED (RELYING ADVISER),CITADEL STRUCTURED FINANCE ADVISORY LLC (RELYING ADVISER) + +Citadel’s US State Jurisdictions (States where they have legal obligations) + +California  - 1/15/2021 + +Connecticut – 1/15/2021 + +Illinois – 1/15/2021 + +Minnesota – 12/31/2020 + +Ohio – 3/31/2021 + +Texas – 1/15/2021 + +A few stats on Citadel Advisors LLC per their 2020 ADV Form filing with the SEC: + +Year-End: December + +Corporate Jurisdiction – Delaware + +States with Jurisdiction – CA, CT, IL, MN, OH, TX + +2375 total employees + +1112 perform investment advisory functions + +56 registered representatives of broker- dealer + +41% of clients are NON-US persons + +17 pooled investment vehicles totalingL $244,269,595,218 + +&#x200B; + +NOW;🐳 + +Here’s a complete breakdown of Citadel Advisors 2020 ADV Form– including each of their 22 Hedgefunds – the Partners, Bankers, Auditors, Bookkeepers, Oversees Actors.  What a picture it paints. (an interesting note is main books are kept china) + +[https://drive.google.com/file/d/1rKHitLtuXgjEkuzEefa7ViFVvAjEpci1/view?usp=sharing](https://drive.google.com/file/d/1rKHitLtuXgjEkuzEefa7ViFVvAjEpci1/view?usp=sharing) + +List of Banks and Institutions affiliated as custodians with Citadel Advisors LLC + +[https://drive.google.com/file/d/1MI3IOFjivmmts7s1CA598PBidrb818rz/view?usp=sharing](https://drive.google.com/file/d/1MI3IOFjivmmts7s1CA598PBidrb818rz/view?usp=sharing) + +This shows all the alternate names for Citadel. Everything under Freddie Mac is listed under Ashler. + +[https://adviserinfo.sec.gov/firm/summary/148826](https://adviserinfo.sec.gov/firm/summary/148826) + +On March 10th, 2021, the SR-NSCC-2021-003 Rule change request was filed. This was to require more regular position confirmations and clarity. + + On March 24th, the DTCC officially eliminated month-end reporting and changed this to daily. + +By April 6th, DTCC-2021-005 went into effect, which prevented shares from being used as collateral within the market, multiple times. Tightening up these loopholes makes it harder for naked shorting to have its place in the market.  + +On April 16th, the DTC-2021-006 Rule change was requested, preventing more shares of a company to be traded than exist, which is still in review. + +On top of all these laws and regulations rolling out, GameStop also has a proxy voting for the shareholder meeting currently taking place. It is expected that GameStop will receive more votes than shares accounted for, showing over selling within the market. These voters can only vote if you own shares in the company, and a number is provided by brokers to individuals. See Wes’ AMA if you need to know more on this topic. + +**Every name on a 257-page ADV doc that is affiliated with Citadel Advisors LLC has made the news lately showing heavy losses, extreme stress, or is doing weird sh\*t (BofA/ JP Morgan).   That same document shows 19 umbrella companies connected to Citadel. They are worldwide and the implosion proves to be nasty AF.  Blackrock has been buying shares (not calls) like crazy. The same shares that Citadel has heavy shorts and puts in. Blackrock has been buying up housing. Blackrock has been buying shares in everything Citadel is short on. Citadel bought a crapload of bank assets on 08 before everything exploded.** + +[https://docoh.com/filing/1456739/0001806691-20-000010/DA](https://docoh.com/filing/1456739/0001806691-20-000010/DA) + +Section 5 Bottom right of the page shows them all. 7.7 billion dollars worth. + +These are all sales. Everybody that's buying them is getting f\*cked but it shows how bad they're looking for money by selling off this much in assets. + +All purchased 2008-01-01 + +[https://www.marketwatch.com/story/the-trump-administration-may-privatize-fannie-mae-and-freddie-mac-and-it-could-disrupt-the-nations-housing-finance-system-11606208076](https://www.marketwatch.com/story/the-trump-administration-may-privatize-fannie-mae-and-freddie-mac-and-it-could-disrupt-the-nations-housing-finance-system-11606208076) + +Madison Dearborn and Ashler Capital have the same website images. Yes, you read that right! Compare the images…..both are under Citadel, which also has the same images on their site. + +[https://www.citadel.com/investment-strategies/ashler-capital/](https://www.citadel.com/investment-strategies/ashler-capital/) + +[https://www.mdcp.com](https://www.mdcp.com/) + +A 41% increase before they blew up and were liquidated. + +[https://www.google.com/search?client=firefox-b-d&q=NUVEEN+FUND+LIQUIDATED](https://www.google.com/search?client=firefox-b-d&q=NUVEEN+FUND+LIQUIDATED) + +[https://fintel.io/so/us/ino/nuveen-asset-management-llc](https://fintel.io/so/us/ino/nuveen-asset-management-llc) + +**So... Madison Dearborn, Ashler, and Citadel (and others) are all essentially the same company, or at least connected through bank accounts.   Madison is buying up assets after Kenny's group of shorters f\*cked those companies into the ground.   We now know that this is 2008 2.0 but this time, with commercial properties.  Ashler = Freddie Mac.  BofA is now connected to Citadel after permanently closing a ton of branches.** + +005 rule shows up and Bitcoin tanks. ([coinmarketcap.com](http://coinmarketcap.com/)) + +[https://mf.freddiemac.com/about/our-leaders.html#koontzModal](https://mf.freddiemac.com/about/our-leaders.html#koontzModal) + +TLDR: Citadel go DUURRRR. GME go BRRRR.For more please, It is strongly recommended that you continue to do research, as this information is so broad to try and cover, and understand. Knowledge and transparency is highly encouraged🦍🦍🦍🦍❤️🍌🚀 + +Also, the support of chat on stream and background help was extremely helpful. Thank you everyone who contributed. Hours of work were spent digging into this information with several brains. Especially that spreadsheet which is available for view. Thanks you, and cheers🍌 + +Authors: u/Broad_Grapefruit u/Bloodhound1144 u/gmorgan99 + +edit 1: please no stupid questions, this is a lot.. also, if the sheet links are not allowing you access, thats being worked on right now. Its simply the 257 page paper broken down into 4 sheets. + +edit 2: links should be guud :) + +Edit 3: thank you for the luv n support. For some reason this cannot get posted into gme sub... a bit weird, and VERY sus + +Edit4: 005 did go into effect immediately but was removed for formatting. This is expected to go back into place and be once again, effective immediately +For the last couple of months since I started to take investing seriously I felt I was kind of obsessed looking how my portfolio was performing in the short-term, not realizing I was investing for the long-term. Along this short period of time I've made some mistakes, selling some stocks that were not performing well, but them some went up 10% - 20%. + +When you start to get too addicted looking into small changes on your portfolio, it really starts to affect your mood and sometimes you end up making bad decisions as I did. If you really believe in the business model of the company where your putting your money into you should not be worried about small moves. + +Basically, I was looking into my portfolio every single hour and it made me feel anxious, so I need to change it. + +That's why I am only checking each stock of my portfolio maybe twice a week or even once a week. + +What you guys think? Did you went through the same problem? +I think everyone on this page talks about money and how much they're making. I've sometimes seen some people feel disheartened when they compare their own income to it. But, I saw this info earlier, I would've posted the picture here. But, pictures are not allowed. The info is as follows: + +&#x200B; + +**Top 1%: £175,000+** + +**Top 5%: £76,800+** + +**Top 10%: £54,900** + +**Top 13%: £50,000** + +**Top 25%: £37,000** + +**Top 37%: £30,000** + +**Top 50%: £24,400** + +&#x200B; + +As always income can be misleading as it can be different depending on where you live. But, this is still nice to look at the average and not feel disheartened when seeing other people's salaries. + +&#x200B; + +Source: [https://twitter.com/MillMoneyUK/status/1326861952182857729?s=20](https://twitter.com/MillMoneyUK/status/1326861952182857729?s=20) + +&#x200B; + +Edit: Thanks to SnakeyEM down below in the comments to provide the original source which is: + +[https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax](https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax) +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! + +We’ve always been cities people, lived in different major cities all of our lives, we live the diversity in food, culture and people. + +Lately, and partially due to having kids and getting older, we’re considering permanently moving to the countryside to get a bigger house, lots of land and a more peaceful living. I’d imagine we’ll be able to get a really nice place with almost everything we need - gym, gourmet kitchen, we can even get large garden going... + +We are also considering homeschooling our kids. + +Country home would still be within 3 hour drive of a major city in case we need stuff. + +Want to hear from fatFIRE city people who’ve made that move - are we just delusional in conjuring up images of a bucolic lifestyle full of gardening and animals? Or is this really a lot of work, make inconvenience, and boring all around? +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 isn't going to be an in-depth DD post, you can find that info in [this thread](https://www.reddit.com/r/CryptoMoonShots/comments/m27etf/vidya_the_highest_quality_nft_gaming_coin/) if you missed it a few days ago. I unfortunately missed that thread, but I just bought a big bag of $VIDYA cause I think it's super undervalued. Reasons: + +* Market cap is still tiny - $6 million at the time of writing +* They've applied to be tagged as an NFT on CoinGecko, but it hasn't happened yet. Once that happens, they'll show up on a lot of people's radar, and the market cap won't stay low for long +* Their product is fun and exciting, and is one of the more understandable use cases for NFTs +* The team is doxxed and has already been building lots of cool stuff +* Their branding and aesthetics are top-notch. If you haven't been to their website, do yourself a favor and go check it out. +* The pump from a few days ago retraced perfectly and bounced hard off the .786 fib. It consolidated around the .618 and then blew through this morning. [chart](https://www.tradingview.com/x/owldrNoL). You *might* be able to catch a good entry if it re-tests the .5 for support (around 14 cents), but if you're expecting hundreds of % gains, is it really worth possibly missing the train for a chance at \~8% more? +* What else do you need, really? The market cap is barely 6 million goddamn dollars + +Website: [https://team3d.io/](https://team3d.io/) + +Coingecko: [https://www.coingecko.com/en/coins/vidya](https://www.coingecko.com/en/coins/vidya) + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0xda3706c9a099077e6bc389d1baf918565212a54d](https://www.dextools.io/app/uniswap/pair-explorer/0xda3706c9a099077e6bc389d1baf918565212a54d) + +Telegram: [https://t.me/Team3D\_Official](https://t.me/Team3D_Official) +Hi everyone! I'm currently considering buying my first rental property (plan is to buy and hold an SFR for at least 10 years). + +Do you have any wisdom to share? What do you wish you could have shared with yourself when you were starting out? If you could do it all over again, how would you do it? + +Here's some background – I work full-time in tech. I'm looking at buying an out-of-state turnkey property to start off, so I can learn the ropes and get some reps in. My home market is very pricey, which is why I'm looking at out-of-state options. + +Any guidance is appreciated! +Like a lot of you, the last 2 years has been an extremely eye opening experience in how are markets operate. More specific, how they operate to benefit the few to the detriment of the many. The game truly is rigged, everything is connected, and believe it or not, we are in the end game (not just hype). I will show you what I have discovered, explain exactly how SHF always seem to make money and never lose, the actual mechanics of cellar boxing a company or multiple companies and how they’ve gotten away with it, the connections between the index funds, CToe and Gamesop (why GME had a negative correlation to index funds in the beginning, but now is directly correlated), exactly why GME runs when it does, drops when it does, and finally, the true nature of our chairman’s genius. + +I want to preface this buy saying I am not a financial expert, I’m not a professional writer, I’m a random electrician and I’m writing all of this from a phone. Every cent I own is in GME and while I’m 100% confident in this information, I do not recommend trying to trade on this information. These guys literally own everything and there are no limits to their ability to manipulate price, especially now that it’s almost over. + +Everyone here is aware of the general idea of how cellar boxing works. Shf short a stock to into the ground, using MM’s, Banks, and swaps until they declare bankruptcy. But how exactly do they do it? + + First they need insiders. They need people in key positions to 1) give them the financials before earnings 2) prevent any kind or turnaround or surprises 3) pump the public and retail investors with hope so they keep buying. This is why RC is about action and not just the talk. This is why pretty much the entire C Suite was let go when he took over. + +The next thing they need is a MM. The reasons should be obvious, but they provide the infinite liquidity needed. Third, they need banks. Lots of banks. Probably 80-90% of all major banks are involved. The banks provide the swaps to hide the short positions and more importantly, take the risk off SHF books so they can short even more. + +You’re an owner of a Hedge Fund, with hundreds of billions of dollars under management. You have rich clients paying you a lot of money to beat the index funds. But unless you’re in Congress, how can you consistently do this year in and year out? So you use a strategy that literally cannot go tits up. You have the media, banks, and analysts pump up a company before earnings. This creates the buying pressure. After earnings, you short the stock heavily. This is obvious when you look at the history of GME. The chart goes back till 2002, and without fail, after Earnings, the stock gaps down sometimes 15-30%. You will usually see a flat candle either the day after earnings or a few days later. This is in my opinion, a setup for the swap. You need the price below the 200 day MA and a tight spread between the open and closing price. + +The problem now is you have may have just shorted 25% of the company. You don’t want to buy back in because they would raise the price to fast and also you would take profit, owing taxes. + +So instead you enter into a swap agreement with a bank. Basically, you swap your short position (and the risk), to the bank, and in return you pay interest and more than likely the difference in price of the stock at the end of the contract if it rises. With GME, it looks like those swap contracts were typically 2 years long. This means you unload your short position and can now go long on the stock. You just have to make sure the price is at or under the price when you entered into the swap and under the 200 day MA,at the end of the 2 year cycle. This means the price will always have to trend down in the long run. It will have ups and downs in the short term, but always trending down. They just repeat the cycle. Pump before earnings, then short it down. Offload your shorts with swaps, then repeat. This is how Shitadel for example can show a long position in baby. + + One important detail to understand in spotting these swaps is that the volatility must be kept low or else the bank would require more collateral. On the chart, it’ll look like a very flat candle, and it’s a lot of volume, it’ll have wicks both up and down as they stabilize the price. the % change from the previous day will be very small, typically less than 1%, and sometimes 0, with the spread between open and close typically being less than a few cents. + +[https://imgur.com/a/tNl1k3n](https://imgur.com/a/tNl1k3n) + +[https://imgur.com/a/VwneIaK](https://imgur.com/a/VwneIaK) + +This is an example of a swap rollover from an existing swap contract and a new swap setup after earnings to offload your new shorts. They roll their existing contract on 3/28/18, then shorted it down after Earnings and setup a new swap. Every two years the original swap ends and they must either roll it over or take the short position back (which they never do) + +When it closes they take the short position back on their books. This is bad if you’ve been rolling that swap for almost 20 years and there could be potentially hundreds of millions of shorts on that swap. Here’s an example of a swap positions that does not get rolled and goes back onto the books SHF books: + +2020 Multiple Swap Failures + +[https://imgur.com/a/t82YLfV](https://imgur.com/a/t82YLfV) + +10/07/16 rolled like it was supposed to, but the 10/8 and 10/10 closed out. It’s important to know that if a swap will end on a Sat, it closes on the Friday before, and Sunday it rolls to Monday. Whoever couldn’t roll that swap ( could be multiple) got margin called and was forced to buy them back from the market on 10/8/2020, and 10/9 and other dates. That’s not to say that all 300 million volume was from those swaps but GG did say over 90% of retail orders never hit a lit exchange. Now take a look at the very next day, 10/09/2020. 300 million more in volume. + +2016 Swap Rollovers + +[https://imgur.com/a/ZRaYOqw](https://imgur.com/a/ZRaYOqw) + + +2018 someone messing with HF swap rollover dates setting them up for what happens in late 2020 and January 2021. I will go into the importance of 8/31 and this chart in another post, but suffice to say, the price running above the 200 day moving average is really bad for them when they have to roll a swap as we see in 2020 + + +[https://imgur.com/a/RU45wSl](https://imgur.com/a/RU45wSl) + +[link to part 2](https://www.reddit.com/r/Superstonk/comments/xi04w9/gamestopped_the_mechanics_of_cellar_boxing_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your 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 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). +Which one should they choose dividends or real estate? + +Cash to alot :$100-150k + +Required income so no drip + +Risk level : Low + +Dividends: If you can share your idea on the portfolio that would be great. + +Thank you for your feedback. +Update: + + +In my [previous thread](https://www.reddit.com/r/fatFIRE/comments/pqnpqn/selling_startup_shares/), I was an early startup employee asking for advice on selling a startup stock that was worth $2 million, that I expected to go to $10 million within a couple years. It was very risky, and I was asking if I should sell, or wait. + +For those curious: In the end, I decided to sell 50%, walking away with roughly $1.5M post-tax (stock price went up a bit right before I sold). + +After my sale, the stock actually ended up skyrocketing, and today, 6 months later, my remaining stake is worth between $3M to $5M. I definitely lost some sleep at first from walking away from $4M by selling 6 months too soon. But looking back, I feel justified in my decision. The stock is, and always has been, incredibly risky and volatile, with a very real chance of going to $0 at any moment. And the liquidity has been life-changing for me. It’s allowed me to take some time off work, stuff my emergency fund, and begin the search for my dream home. + +The other 50%? I’m holding til an exit. Ultimately, I'm hoping for a dream "have your cake and eat it too" scenario, where I get near the original $2M upfront, and still get the hoped-for $10M at IPO. + +Overall, I was so blown away by the helpful and genuine replies I got in that thread. I got so many amazing replies, I thought I owed everyone an update. To u/holman, who said, “You can afford to do non-perfect things”, thank you. It’s exactly what I needed at the time. + +If I had to give advice to someone in a similar situation, I would say, definitely take some money off the table. You never know what could happen. But definitely keep enough "lottery tickets" to play the game. You never know what could happen! Best of luck out there, FatFIRE-ers. +>Delta on Tues­day re­ported a net loss of $5.7 bil­lion for the June quar­ter com­pared with a profit of $1.4 bil­lion a year ear­lier, with sales down 88% at $1.47 bil­lion. The $9.01 loss per share com­pared with the $4.16 con­sen­sus among an­a­lysts polled by Fact­Set. + +> The loss in­cluded $2.1 bil­lion in charges against its stakes in three over­seas part­ners—Latam Air­lines Group SA, Grupo Aeromex­ico SA and Vir­gin At­lantic Air­ways Ltd.—that are all in fi­nan­cial trou­ble. Delta also took $3.2 bil­lion in other pan­demic-re­lated charges, in­clud­ing re­tir­ing older planes. + +> Mr. Bas­t­ian said the pause in the de­mand re­cov­ery would leave it burn­ing $27 mil­lion in cash a day this month, in line with last month. It is still aim­ing to stop los­ing cash by year-end, but that goal hinges on pas­sen­ger de­mand and the cost of shrink­ing the air­line when gov­ern­ment aid runs out, which it is cur­rently sched­uled to do on Oct. 1. + +https://www.wsj.com/articles/delta-trims-flying-amid-coronavirus-pandemic-11594725393?st=0kwxxd5vl63a2vi&reflink=article_copyURL_share + +> “Given the combined effects of the pandemic and associated financial impact on the global economy, we continue to believe that it will be more than two years before we see a sustainable recovery,” Ed Bastian, Delta’s chief executive officer, said in a statement. + +https://www.nytimes.com/live/2020/07/14/business/stock-market-updates-coronavirus?referringSource=articleShare +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. +Hi, I have no idea why I'm turning to this subreddit or if this is outta place here... I'm sorry and if so I'll appreciate anyone pointing me in the right direction. + +&#x200B; + +My \[30/M\] little brother \[22/M\] was killed in a senseless shooting a couple days ago. I'm the oldest sibling, single-mother household, I just arrived home last night, as I was outta town. Police are still investigating, murderer has been caught but I digress... don't really care about that right now. + +&#x200B; + +I'd like to know what to expect... my brother is at the coroner's as far as I know, I need to make a few calls today: to the detective/police, my brother's employer, and probably consulate as he was not yet a US citizen but was in the middle of the process. My brother has just gotten outta of car accident that left him like 10k of money, and he worked hard so he had a bit of savings, 401k, etc, etc... do I need a estate lawyer to deal with all this? He was just 22 and single so major assets, but I don't even know where to start. + +&#x200B; + +As far as funeral stuff, I think his employer had a Death and dismemberment (or life ins.) policy (or something like it) but I am not sure how to go about that. I know funerals are expensive and from reading a thread a long time ago on reddit that the "mom & pop" funeral homes are just owned by big greedy corporations that prey on loved one's at their worst times. + +&#x200B; + +Another issue I'm not sure where to start is that my brother was not yet a US citizen he'd been here since he was like 5, but put off doing the naturalization "because it was too expensive" ... he was actually in middle of that process right now, he was waiting on a naturalization interview. My family might want to repatriate his body to our home country, and I'm going to call the consulate to find out more about that process, but any advice about that is appreciated. + +&#x200B; + +Anyhow, thanks in advance. +Oftentimes because of how exposed I am to ethereum and cryptocurrencies I believe that adoption is much wider spread than it actually is. + +Today I had my first computer science course and the professor asked us all what we hoped to gain out of this course and writing down everything that was said, when he got to me I said that I was hoping to better understand how blockchain technology, like ethereum and bitcoin, works. He had a blank expression on his face and said, "well, good luck with that" and wrote down "understanding black chain technology" on his board. + +The fact that a computer science professor knows nothing about this is strange to me as I figured we were at the point where mainstream knowledge of blockchain was at least starting, and especially with proffesionals in the field. +I am seeing posts in new talking about the stock being up because of dumb options/cycles shit being back on the table... Seriously? We aren’t fucking stupid! +Today is two trading days after the announcement of their market place opening by end of July. Insiders have been restricted from buying until two trading days after this information was made public. Occam’s razor anyone? +Binance have taken a couple of big hits in recent months but their team have done an oustanding job of keeping us all informed, doing everything they can to stop FUD and just in general doing a really good job of sorting things out and being very transparent whilst doing so. + +In my eyes they are one of if not the most respectable and trustworthy exchanges for cryptocurrency, I will most definitely will keep using their platform. + +Good work Binance 👌 + +Edit - I'm not a shill (except maybe for Ripple). I have just been really impressed with how binance have handled situations like this. It's a fresh breath of air when you look at all the other shit going down in the crypto world. Stay safe and remember even though Binance have done well so far, don't leave all your portfolio in exchanges. Hard wallets are the only safe place + +Edit 2 - again I am not a shill, no one has paid me to do this. If I'm gonna get all this abuse for being a shill you may as well pay me ETH - 0x9f2e847ceebafa475aab29c56205b6c374e11ade +Remember when BTC was crawling literally 5 hours ago? Did you buy then? + +If you didn't, you probably didn't buy now. You've missed out on 6 to 10% of profit in the last few hours, but don't come in now and get burned. Don't go "see i told you. It's a scam" after your mistiming. If you were scared back just then, now's worse for you. + +If you did, good job! You're on your ride. Take smart profits and enjoy the upward rise! + +Edit: never been on hot before. Thank you all! + +Edit 2: also, this is not an advice post but a word of rationality against massive FOMO. You're welcome to listen or to not. +I don't understand why the Tesco share price dropped over 20% mid Feb. I get that the special dividend reduces the value of the company, but the consolidation was supposed to offset that so the value of each share remained the same, as explained on the Tesco website: https://www.tescoplc.com/investors/shareholder-centre/shareholder-meetings/ + +This drop in price therefore looks irrational, particularly given that Tesco has done very well during the pandemic + +Can anyone explain? +I'll turn 18 at the end of the month and I am looking to open a stock portfolio (worth $18 000). + +I have been looking at stocks like SPG, FLO, REG, T, ABBV. My aim is to look for stocks, which offer good passive income for the next decade or so. + +If somebody has any advice, then it would be well appreciated! +We have all heard that manual/discretionary traders at banks are being replaced by coders and algo trading is the future. However there doesn’t seem to be huge demand from the general trading community for algo trading- despite the existence of many no-coding needed algo trading platforms for non-programmers. Quantopian was hot for a while and fizzled out. Discretionary only brokers like Robinhood thrive. + +Does this seem to be an accurate view of the current state of the *retail trading world? Why hasn’t there been huge migration to algo trading if manual trading is supposedly outclassed and obsoleted? +Very profitable business that, in my opinion, had a huge overreaction after some growth delays that was partially due to services being suspended in Russia. Also, I think profitability and growth will increase with the crack down on password sharing and implementation of ad options. Thoughts? + + +Edit: +I understand now that Netflix's accounting has sort of sacrificed free cash flow for profits, so they aren't as profitable as I thought they were, but their FCF has been improving. +Very profitable business that, in my opinion, had a huge overreaction after some growth delays that was partially due to services being suspended in Russia. Also, I think profitability and growth will increase with the crack down on password sharing and implementation of ad options. Thoughts? + + +Edit: +I understand now that Netflix's accounting has sort of sacrificed free cash flow for profits, so they aren't as profitable as I thought they were, but their FCF has been improving. +This clip is of Warren Buffett and Charlie Munger describing how they would invest a small (a million dollars or less) amount of money. It is interesting to note the difference in this strategy compared to their usual investment thought process. + +https://youtu.be/VIDr_8LIfEk +https://ethertanks.com/shop + +I just made about $5 back in 2 minutes. +Before you buy, look into the post at the top of r/EthTrader. There are mixed reviews about EtherTanks. + +Edit: What a time to be alive haha! Now if we could get the Kitties to get 3D modeled as driving the Tanks... +https://www.cnbc.com/2020/12/28/jpmorgan-is-acquiring-a-major-credit-card-rewards-business-in-a-bet-on-travel.html + +JPMorgan Chase has agreed to purchase one of the biggest third-party credit-card loyalty operators in a bet that pleasure travel will rebound sharply after the coronavirus pandemic subsides, CNBC has learned. + +“People across the globe want to vacation and travel again, and hopefully that will become a reality for many in the near future,” Lake said in a statement. “Acquiring the travel and rewards businesses of cxLoyalty will provide enhanced experiences to our millions of Chase customers once they are ready, comfortable and confident to travel.” + +Time to buy more jpm for 2021 recovery play. JPM have strong trading revenue and it will be rebound sharply next year. This is a good non-tech stock to own for long term. +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + + + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +&#x200B; + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Ok Apes... Last time we spoke, we talked about Charter Schools and questioned the reason why SO MANY Billionaires we're interested in investing in them. + +I'll let you make your own interpretations: [PART 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +This time... we are going to talk about the OTHER thing that Billionaires all love to pump money into... + +# FOUNDATIONS + +Now... don't get me wrong here. I'm sure there are lots of foundations out there that do a lot of good. This is merely an examination of the FUNCTIONALITY of these foundations and why they potentially get so much attention from the super-rich. + +Let's start with one we all know... + +&#x200B; + +https://preview.redd.it/4gktjg5nvm571.png?width=976&format=png&auto=webp&s=533ec0528af455a3b5eeeeb05a7866d1cf365efe + +# The Bill and Linda Gates Foundation + +Now... maybe you already know this, maybe you don't... but Non-Profit Foundations get significant tax breaks from the government... but they still need to report to the IRS through what's called a FORM 990. + +So I decided to look at The Bill and Linda Gates Foundations FORM 990. + +Specifically, their last filled one which was sent in 2020, for year 2019. + +So let's take a look-see... + +The Gates Foundation: + +**Received $3.3 BILLION in Contributions** (Makes sense so far) + +**Earned $826 million from Dividends and Interest from Securities** (Wait WHAT?) + +The Gates foundation is trading securities? + +Am I the only person who didn't know this? + +**Gross Sales of all assets of $260 BILLION** + +**Net Profit from Sales of Assets of $2 Billion** + +**Capital Gains Net Income $6 Billion** + +**Net Revenue $6.4 Billion** + +**Net Investment Income $7 Billion** + +And then what are their expense? + +THE BIGGEST ONE... + +**Total contributions paid: $5.8 Billion** + +Meaning... + +**Their NET INCOME was just $320 million** + +**But their NET INVESTMENT income is $6.9 BILLION?** + +So they take money in... invest it... pay it back out... but keep the investment profits? + +\+ They don't have to pay capital gains tax as it's a charitable foundation. + +\+ Total Tax Paid on their investment side was $25.6 Million of $7 Billion in Profits!! + +\+ That's a 0.3% tax rate! + +But this COULD be just speculating on high-level numbers right? + +NAH... + +\------------------------------------------------------------------------------------------------------------------ + +They actually break it down for us... + +* **Investments in Government Obligations: $8.9 BILLION** +* **Investment in Corporate Stocks: $33.5 BILLION** +* **Investment "Other" (WTF?): $5.8 Billion** + +**TOTAL ASSETS $50 BILLION** + +(That's more than Citadel has AUM) + +\------------------------------------------------------------------------------------------------------------------ + +And they ACTUALLY list this... + +**Net Value of NONCHARITABLE-USE ASSETS for 2019? $47.6 BILLION** + +So MOST of their assets are not actually for Charitable use??? + +Fuck me... + +\------------------------------------------------------------------------------------------------------------------ + +How much investment has gone into the Gates Foundation? + +* **Mr William H Gates? Management Fees $64 million** +* **Mr William H Gates? Securities $452 million** +* **Mr William H Gates? $55 Million** +* **Mr William H Gates and Melinda French Gates? $10.8 million** +* **Mr Warren Buffett? $2.7 BILLION** + +**Non-Cash Property Given**? Class B Berkshire Hathaway Shares valued at… **$2.7 BILLION** + +So really… Warren just put in $2.7 Billion of Shares as Assets on their books? I wonder why… ? + +\------------------------------------------------------------------------------------------------------------------ + +What **CONTROLLED ENTITIES** have they Contributed to? + +* **The Global Good Fund $100 Million** +* **GreenBriar Equity Fund $6 Million** + +(These are the only ones they are obliged to document) + +Contributions from **CONTROLLED ENTITIES**? + +* GreenBriar Equity Fund? $174 million + +Hang on… lol. Did they just report that they gave GreenBriar $6 million and GreenBriar gave them back $174 million? + +Nice returns.. lol + +Lol… I’m not wrinkled brained enough to know what that means really… but lol. + +\------------------------------------------------------------------------------------------------------------------ + +I've taken on board the feedback that my last BBC was a little depressing... SO + +Here's a puppy Break to cheer you up... + +&#x200B; + +https://preview.redd.it/z5hxsotuym571.png?width=680&format=png&auto=webp&s=89a0ee3bf65f351ac919e09439c4d39d57524f8c + +\------------------------------------------------------------------------------------------------------------------ + +They **EVEN LIST THE STOCKS** that they are invested in… + +(Gamestop is not one) + +But look who has got $11.3 Billion? Berkshire Hathaway + +(Remember Warren only invested $2.7 Billion) + +Disclaimer: I fucking love the shit outta Warren Buffett + +Other big numbers: + +* **$1.5 Billion in Canadian Natl Railway** +* **$1.6 Billion in Caterpillar** +* **$1.3 Billion in Walmart** +* **$2.2 Billion in Waste Management Inc** + +What do these stocks have in Common? They are NOT Berkshire Hathaway stocks… because that would be WAY to obvious. But LOOK like they are nice safe, solid, FUNDAMENTALLY sound positions. I’ll say no more. + +They list their Corporate Bonds too, but nothing stood out to me. Feel free to take a comb through + +\------------------------------------------------------------------------------------------------------------------ + +# INVESTMENTS OTHER + +This is an interesting little section in the Form 990. + +They actually break down their other investments, which if you remember was listed as a total of $5.8 billion. + +Some wrinkle brains should def go through this, as I have no clue what I am looking at, but here are a few points that stood out to me: + +* **Citadel is listed on there as a Bank Loan, but for only $1.5 million. Breadcrumbs...** +* **Bridgewater Pure Alpha Lead was given $87 million listed as a partner? Interesting…** +* **Canada Housing Trust was given $752 million as a Foreign Government Issue** +* **China Government Bond and Treasuring were given $750 million, listed as Foreign Government Issues** +* **100s of Millions went to different pools that I don’t understand** +* **700 million went into buying PHYSICAL Gold Bars -- WTF Bill? Lol** +* **$223 million went to GreenBriar as a partnership? (Remember GreenBriar were the ones that donated $174 million earlier)** +* **100 million went to GTI 8 Institutional Investors (Whoever they are)** +* **$805 Million went to Mexico CETES what ever that is?** + +I think you get the picture right? + +NOW…. + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------ + +There are a couple of sections in this document that for some stupid reason are printed **SIDEWAYS**… + +(Maybe they want these to be more difficult to read?) + +But I did read one of them… + +This is **TITLED**: + +Net Gain or LOSS from Sale of Assets not on Line 10 + +* Ok, so first up wtf with this as a title? +* Is this additional revenue that they just don’t have to list at all? +* How it’s required is just listed as purchased or donated +* Date Acquired is just listed as **VARIOUS** +* Date Sold is just listed as **VARIOUS** + +But… remember that number I threw out right AT THE START OF THIS POST??? + +(Go on… check… I’ll wait - See if you can figure out which number I am referring to?) + +&#x200B; + +https://preview.redd.it/97r93dt30n571.png?width=450&format=png&auto=webp&s=1041de8497a9914909bcc23a24921c0f13c43358 + +I said… + +Listed as having **GROSS SALES OF GROSS SALES PRICE OF ALL ASSETS?** + +That number was **$260 BILLION**… + +Take that in for a second… + +The total AUM of Citadel is $35 Billion + +**$260 Billion is 7 times that size!!** + +(I did the math) + +Well that $260 BILLION is also listed on one of these SIDEWAYS PAGES that they don’t want us to read… under Net Gain from Sale of Assets Not on Line 10??? + +They even break this down for us! (On a SIDEWAYS PAGE of course) + +The big numbers… (The ones in the billions) are: + +* $11 Billion in Equities +* $87 Billion in Fixed Income (How is this amount a fixed income) +* $162 Billion in Cash Equivalents + +WHAT THE ACTUAL FUCK? + +AND THAT”S THE END OF THE REPORT! + +SOURCE: [https://apps.irs.gov/pub/epostcard/cor/911663695\_201912\_990PF\_2021021717709925.pdf](https://apps.irs.gov/pub/epostcard/cor/911663695_201912_990PF_2021021717709925.pdf) + +\------------------------------------------------------------------------------------------------------------------------- + +So it’s safe to say… that **JUST LIKE THE CHARTER SCHOOLS**, these foundations are all REALLY in the business of making money right? - Just MY OPINION of course… + +But let’s check if the pattern holds true… + +I tried looking up different foundations… and lot’s of the WELL KNOWN foundations, I couldn’t find ANY Form 990s on. + +(Sometimes these foundations are known by one name, but listed as a different name) + +But here’s the ones that I have and show a similar pattern: + +Example: **The Lynn & Stacy Schusterman Foundation** is **ACTUALLY** listed as Charles and Lynn Schusterman Family Foundation + +(Charles is the Father, who was an oil Tycoon) + +* Donations: $5.7 million +* Dividends and Interest: $34 million (They invest both directly in companies and through Stocks) +* Net Gain from Sale of Assets: $151 million +* Total Revenue $207 million +* Net Investment Income $197 million +* Total Assets: $2.2 BILLION + +Reference: [https://apps.irs.gov/pub/epostcard/cor/731312965\_201912\_990PF\_2021021317706329.pdf](https://apps.irs.gov/pub/epostcard/cor/731312965_201912_990PF_2021021317706329.pdf) + +\-- I**MPORTANTLY HERE**… this example lists their PAYEES. Alot of which are foundations themselves. + +Want MORE examples? + +Charles Koch - Koch Industries + +**The Charles Koch Foundation** (Christ, they all name them the same) + +* Donations: $128 Million +* Dividends $15 million +* Revenue $168 Million +* Investment Income $39 million +* “Other” Investments Balance $617 million +* Total Assets: $685 million +* What are the “Other” investment? +* Elliot International Fund $50 mil +* EFPRP (What ever the fuck this is) $535 million +* BAIH (What ever the fuck this is) $60 million + +Source: [https://apps.irs.gov/pub/epostcard/cor/480918408\_201812\_990PF\_2020012117047703.pdf](https://apps.irs.gov/pub/epostcard/cor/480918408_201812_990PF_2020012117047703.pdf) + +I’m not going to go through ALL of these foundations, because 1… they are hard to track down due to naming variations… 2… My Head hurts from reading this shit and being shocked. + +But I think it’s safe to say that it most CERTAINLY is possible that other foundations are doing similar right? + +So let me get this straight… + +\------------------------------------------------------------------------------------------------------------------------------- + +Rich People, Create Foundations to avoid tax, take in donations, Invest the donations, make profit from the investments, and then donate the incoming donations out to Charter Schools (Which Make them profit), Political Campaigns (Which Gain them influence) or other Foundations (Which likely do the same kind of shit)... and maybe help some people along the way too for some good PR? + +\----------------------------------------------------------------------------------------------------------------------------------- + +Is this the world we’re living in? + +Who else has a foundation? + +\----------------------------------------------------------------------------------------------------------------------------------- + +But first... PUPPY BREAK! + +Aww... look it that little cute smile on him! + +&#x200B; + +https://preview.redd.it/7rqeiuu72n571.png?width=1200&format=png&auto=webp&s=4621ba0224be8b3ecc6dd8737085f72668533612 + +\----------------------------------------------------------------------------------------------------------------------------------- + +**Kenneth C. Griffin Charitable Fund** \- Couldn’t find anything on this… (I Checked all variations I could think of) + +**The Citadel Foundation** \- There is money going through here, but not being invested + +Source: [https://apps.irs.gov/pub/epostcard/cor/364482467\_201812\_990PF\_2019032916200160.pdf](https://apps.irs.gov/pub/epostcard/cor/364482467_201812_990PF_2019032916200160.pdf) + +(Lots of Educational Donations though) + +**Michael “Milky” Milken**… you can bet he’s got some. + +**The Milken Family Foundation** $100 million in assets and you can bet he’s trading through here too… (Lots going through Apollo) + +[https://apps.irs.gov/pub/epostcard/cor/954073646\_201911\_990PF\_2021040817913329.pdf](https://apps.irs.gov/pub/epostcard/cor/954073646_201911_990PF_2021040817913329.pdf) + +But of Course… + +He’s got the **Milken Institute** aswell… + +$500 million in assets + +He’s trading Securities through it, with Gross sales of $37 million, and $230 million directly invested in securities, + +He donates through it (Lots of Educational), + +Source: [https://apps.irs.gov/pub/epostcard/cor/954240775\_201912\_990\_2021040217865675.pdf](https://apps.irs.gov/pub/epostcard/cor/954240775_201912_990_2021040217865675.pdf) + +The List Goes on Apes I’m Afraid… + +So I’ll be brief with these: + +* **George Soros** Has the Open Society Foundations +* **Charles Feeney** has a foundation +* Intels **Gordon Moore** has a foundation +* The **Broad Family** has a foundation +* Renaissance Hedge Fund Manager **Jim Simons** has 1 +* **Mark Zuckerberg** and **Priscilla Chan** have 1 +* **Michael & Susan Dell** have 1 +* **Leonard & Ronald Lauder** have 1 +* Oil and Banking **George Kaiser** has 1 +* Hedgie **Julian Robertson** (You remember him right?) has 1 + * (Yup… I checked, it follows the pattern) +* **Ted Turner** Founder of CNN has one called the United Nations Foundation - And he’s trading securities through it! + * (The UN can not raise funds itself) + +The list goes on Apes… + +\---------------------------------------------------------------------------------------------------------------------------- + +**AM I SAYING THAT ALL FOUNDATIONS DO THIS?** + +Most certainly not. + +**AM I SAYING THAT IT IS POSSIBLE THAT FOUNDATIONS ARE USED FOR PROFIT THROUGH INVESTING AND TRADING SECURITIES?** + +Most Certainly - In my opinion at least and from what I can see in these Form 990s + +&#x200B; + +\---------------------------------------------------------------------------------------------------------------------------- + +Well that's it for today Apes... + +I hope this doesn't slant your view of humanity! + +Remember, there are lots of beautiful things out there including this community and each one of you GLORIUS BASTARDS! + +&#x200B; + +**LET ME KNOW WHAT YOU THINK OF THIS SERIES AS IT REALLY HELPS KEEP ME MOTIVATED!** + +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +&#x200B; + +STAY TUNED FOR PART 6 + +(There's more) + +&#x200B; + +EDIT 1: Third puppy... by popular demand... + +Awww... look at the little fella... give me the paw... give me the paw... + +&#x200B; + +https://preview.redd.it/cz9g8k6y4n571.png?width=1080&format=png&auto=webp&s=da9e475f11fef8bf8c821081d735f34ddf47e255 +From [The Guardian](https://www.theguardian.com/australia-news/live/2020/jul/21/coronavirus-australia-live-update-jobkeeper-nsw-hotspots-victoria-masks-jobseeker-daniel-andrews-gladys-berejiklian-latest-news?page=with:block-5f1644c18f08b5ab6db755c3#block-5f1644c18f08b5ab6db755c3) + +>Morrison said the $1,500 per fortnight jobkeeper payment will be reduced to $1,200 a fortnight for full-time workers from the end of September, and $750 per fortnight for people working less than 20 hours a week. + +>That full time payment will be revised down again for the March quarter of 2021 to $1,000 per fortnight, and $650 for part-time workers. +So i’ve just inherited a large sum and I was wondering if I should just invest it all now or invest it in small sums periodically. + +Thanks in advance for your advices. +After 80 trades it is 70% profitable, 12 profit factor and 7% drawdown. + +I tested it with BTCUSD starting with $1000 and trading 1 contract at a time. And it made 5000% profit. Is it any good? Are these numbers close to what I could expect in the real world? +Ok so is it too much right now? Or too little? Any improvements? [https://abcnews.go.com/Politics/biden-rallies-democrats-35-trillion-budget-plan/story?id=78843409](https://abcnews.go.com/Politics/biden-rallies-democrats-35-trillion-budget-plan/story?id=78843409) +https://www.cnbc.com/2020/02/17/apple-warns-on-coronavirus-it-wont-meet-revenue-guidance-because-of-constrained-iphone-supply-and-suppressed-demand-in-china.html +Succession on HBO is my favorite TV show of 2019. In one of the later episodes, there is this exchange: + +Greg: I'm good, anyway, cuz, uh, my, so, I was just talkin' to my mom, and she said, apparently, he'll leave me five million anyway, so I'm golden, baby. +Connor: **You can't do anything with five, Greg. Five's a nightmare.** +Greg: Is it? +Connor: Oh, yeah. Can't retire. Not worth it to work. Oh, yes, five will drive you un poco loco, my fine feathered friend. +Tom: The poorest rich person in America. The world's tallest dwarf. +Connor: The weakest strong man at the circus. + +==== + +I think it's funny because for most people, $5M represents almost unimaginable wealth. But for the uber wealthy like the protagonists in the show, it's a nightmare. It's all relative. + +&#x200B; + +What do you think? Is five a nightmare? + +&#x200B; + +ps: any Succession fans in here? +As the title states, does anyone have some dd on why at&t is going downhill so heavily? They are still one of the top phone service providers in the nation and potentially have most the market space in 5G? I noticed it was the first one voted off the island for which dividend fund you should use. If this has been answered I apologize for repeating questions. +I’ve been backtesting a simple strategy that looks to see if a close price near the day’s low is followed by an up day. I calculate the daily range and check where within that range the price closed as a percentage. i.e. a value of 25% means the close was within the bottom 25% of the day’s range. If this value is below a certain threshold, then look at the next day’s return (Close to Close). + +I simulated different threshold values from 5 to 100 to measure the likelihood of the next day being a positive day and found that when the price closes nearer the low, the next day is more likely to be an up day (The x axis on the chart is the threshold and the y axis is the likelihood of the next day being an up day) + +&#x200B; + +https://preview.redd.it/vdjsl5gr8j071.png?width=633&format=png&auto=webp&s=9d653113bc4349f123d06c7249a2f44ed5a97288 + +I then backtested this as a simple system (no fees etc accounted for) on a few different indices, which showed excess returns and improved drawdowns. The only trading rule was, if the price closes within the bottom 20% of the day's range then go long and exit at the next day's close. + +&#x200B; + +https://preview.redd.it/z8rcoi4t8j071.png?width=641&format=png&auto=webp&s=e18e7f225e38e69f8d15c55ee5582a9a0c8a68c7 + +I haven’t tested this live so I’m sure there will be things that I haven’t accounted for but it seems worth doing more testing on. + +Has anyone got experience trading this kind of system? +Hey guys this is a bit of a newbie question but I'm backtesting a strategy on multiple pairs trying to optimize for the best sharpe ratio. I'm wondering what you guys think would be a good amount of trades per year to base off of? Obviously the lower amount of trades the easier it is to have a great sharpe ratio but then maybe it's not a large enough sample size to determine if it's actually a successful strategy. Would 40 trades per year be a good amount? 20? Let me know what you guys think cheers. +**Biden wins the election, what does this mean for the economy and the stock market, what Buffen’s Berkshire has done in the last quarter and more, let’s talk about everything** + +Hey everyone and welcome, I am going to react to the latest news from the election, the economy and in the stock market from last week and what to expect next + +So late Saturday the victory of Biden was announced as networks finally started to predict that he won the election. I have no partisan view as i am not a resident or citizen of the US, but i believe that the results of this election (the Biden win and the Republicans keeping the Senate) is the best the stock market could have hoped for, as many experts were predicting a Blue Sweep. There still will be two important runoff elections in Georgia at the beggining of 2021, where the Democrats could still end up winning the Senate. Biden currently has a projected 290 electoras votes but i believe he will also keep the lead in Georgia and end up with 306 electoral votes, the same number as Trump had 4 years ago [VOTE MAP](https://ibb.co/LZ5dnzt) . Important leaders like the German Chancellor, Uk’s prime minister, Canada’s prime minister, France’s president and many more welcomed and congratuled the win of Biden, which seems to be favored internationaly by the world leaders as they were tired of the whipsaw that came with Trump tweeting non-stop. So this probable grid-lock in Congress is loved by the stock market, as there are no iminent tax raises and a stimulus bill is far more likely if not by the end of the Trump mandate surely at the very start of Biden’s. + +So this scenario that is playing out seems to be the most profitable one for wall street as the average annual return since 1933 is about 14% with a Democractic President and a split Congress [Historical CHART](https://ibb.co/SJGP97P) + +Yesterday Biden also announced how they will try to combat the illness with Better testing and tracing, a increase in PPE production, National guidance for schools, business and families, Investments of 25 bilion in vaccine development and distribution and mask mandates. While also trying to make the higher risk individuals more safe. + +P.S. Here’s a funny meme that LeBron James posted with a throwback to his big block of an opponent. [MEME](https://ibb.co/2hmQk6R) + +So all 3 big indices had the best week since early April with the Nasdaq composite being up just over 9% [NASDAQ CHART](https://ibb.co/rpgWtJH), the SP500 was up 7,32% [S&P CHART](https://ibb.co/Ss7FWVN) and the DOW gained almost 7%.[DOW CHART](https://ibb.co/j3bB0P8) The Nasdaq and Sp were flat for the day, pairing loses from the begining of the day while the down fell 0,23% mostly based on profit taking in my opinion. + +There were more companies that were declining on Friday with over 60% of the companies in the red but with a disproportional number of almost 90% of new highs while the volume fell again way below average [MARKET CHART](https://ibb.co/k0kY7Z1) . There weren’t any significant leaders in the market on Friday but energy traield again being more than 2% down [SECTOR CHART](https://ibb.co/VDFksR8) while small caps under-performed the market especialy the value plays. [CHART](https://ibb.co/9ndqFLC) + +The fear in the market seems to have completly gone away as we have seen another 10% decline in the VIX indicator to drop below 25. [VIX CHART](https://ibb.co/8MjSd1f) + +Here is a heat map of Friday, you can see this was quite a slow day, not to many green companies but not that big of a red day either. [HEAT MAP](https://ibb.co/nsCvwVz) + +The US economy added more than 638 thousand jobs [NEWS](https://ibb.co/hDrrTXs) more than 503 thousand that were expected [CHART](https://ibb.co/C6fD3Sh), while the unemployment rate fell to 6,9% way better than the 7,7% expected this is the sixt straight month of jobs recovery.[CHART](https://ibb.co/RBZzdVG) As they seem to be in a big V shape recovery, overall [V- SHAPE](https://ibb.co/HN6n9dH) + +The market should now turn they’re attention to the samshing of the earnings season amid the election with 2 thirds of the SP500 beating the estimates both the top and bottom line, that is almost double the 38% historical average. + +Bank of American release a chart for q3 earnings and as you can see earnings have increased 6,7% in the SP500 year over year and 21,5% quarter over quarter. [EARNINGS CHART](https://ibb.co/C6zfWZR) + +And as the fed announced that it will keep the benchmark rate between 0 and 0,25% [FED NEWS](https://ibb.co/vjNy43D)this continues to stimulate the economy of the US, with the fed beeing probably more responsible for the recovery in the last months as stimulus has been staled in congress. Also they continue to have a target of a running inflation of 2% and will continue to buy assests worth around 120 billion dollars montly to pump money in the economy [FED NEWS](https://ibb.co/wBxn56S). If a stimulus bill will eventualy pass, households will probably continue to use the money the same way as last time with over 70% of the money being used for savings and debt payments. But thay may go down a little as people may tend to spend a little more on essentials and non essentials with a better outlook in the near future than last time. [HOUSEHOLD SPENDING](https://ibb.co/dbbKCj6) + +Here are some interesting economic events for next weeks as we continue to closely watch how to recovery is going. [CALENDAR](https://ibb.co/gMX5XH5) + +Nvidia saw a pop in the stock finally as they announced that Fornite will join the GeForce gaming cliud, that could mean a return for the game in ios devices with GeForce currently available on Mac,Windows,Android and Chromebooks. The company has almost reteurn to it all time highs after this weeks strong gains. [NVIDIA CHART](https://ibb.co/1qxmphB) + +Buffets Berkshire announced on Saturday that they bought back around 9 billion of the company’s stock,bringing the total to around 16 bilion for the year so far.[BUYBACK CHART](https://ibb.co/ysw5bkx) That was around 4 billion more than in the second quarter. the operating earnings also decrease a little since last quarter and are almost 3 billion or 32% less then last year. [BUYBACK NEWS](https://ibb.co/fSWCvdQ)The only segment that improved since last year was Railroad,utilities and enegery, while insurance was the biggest loser. + +The company has almost the same amount of cash and short term investemtns like the previos quarter at around 146 billion dollars with 70% of the investments concentrated in 4 big companies (Apple , Bank of America, Coca-Cola and American Express) up from the 60% these company represented at the end of 2019. [INVESTMENTS](https://ibb.co/Dps2f95) + +The buybacks of the company exced any full year amount in Berkhsire’s history and far exeded the analysts expectation of around 3,2 billion in buybacks. As the strategy for Buffet and Charlie Munger is to buyback the company’s stock as long as they believe it’s undervalued and they will still have ample cash after the buybacks. AS the only other major investments made last quarter were about 6 billion invested in the five big Japenese trading houses and the data storage company Snowflake. + +I just saw some interesting news as NetFlix announced they will launch a offering named NetFlix Direct in France that will come with a linear feed of content from Netflix’s library, so the company that is the biggest reasons for the decline of old TV programming made quite a twist as they seek to expand more and more. [NETFLIX NEWS](https://ibb.co/gWzmKKs) + +Here is a list with some of the most important earnings next week, some companies that i like that are reporting are: McDonalds, Datadog, Tencent, Corsair, Purple, Lemonade and DraftKings. [EARNINGS NEXT WEEKS](https://ibb.co/JFKh6kN) + +Thank you everyone for reading! Be sure to leave a comment down below! + +Have a great day and see you next time! +I quit smoking. I quit spending money on something that I don't enjoy and that's killing me both financially and physically. I'm saving my life and saving a cool $75,000 in lifetime expenses while I'm at it. +I thought this would be a good contribution given the 30-day challenge. I'm pregnant and had to get some testing done, which my provider outsourced to other labs. She gave me the options, and I called ahead to determine which would cost less with my insurance. I was quoted $300, and went with that. Imagine our surprise a couple of months later when we get a bill for $1600. I called and negotiated it down 20%, and then finally down to the original $300 quote. Just a reminder to those with medical bills that they aren't set in stone, and all it takes is a phone call to find out what the billing provider and/or your insurance can do for you. +My landlord said he is not kicking me or evicting me but want to know if I wanna get bought out my lease. I have a 2 bed room apartment in n new York and been living here for 15 years my rent is unheard of tbh. He wants me to give him an offer that is suitable for me. I kinda of need help here I don't wanna make no mistakes ! +I have a problem with information overload. I've got company subscriptions to major financial news sites (FT, WSJ), magazines (Economist etc) and get bombarded with daily email updates. How do you stay on top of what's really relevant yet ensure you don't get stuck in a bubble of only what you're familiar with? +3h old coin that will conquer the crypto world!!! + +These world footballers have already promoted this token on social media: +Ivan Perišić, Marcelo Brozović, Radja Nainggolan, Achraf Hakimi, Mateo Kovačić, Ashley Young + +and there are more coming!!!! + +&#x200B; + +Announcement channel : [https://t.me/FootballStarsIOAnn](https://t.me/FootballStarsIOAnn) + +Welcome to FootballStars! + +Use 7% slippage to buy. + +🥞 PancakeSwap : [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6507458BB53aec6Be863161641ec28739C41cC97](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6507458BB53aec6Be863161641ec28739C41cC97) + +📊 Contract: 0x6507458BB53aec6Be863161641ec28739C41cC97 + +⚽️ Liquidity Locked: + +[https://unicrypt.network/amm/pancakev2/pair/0x8D6f5556FdA740Dc13afAb3009e277C15bF686D2](https://unicrypt.network/amm/pancakev2/pair/0x8D6f5556FdA740Dc13afAb3009e277C15bF686D2) + +⚽️ Welcome to FootballStars ⚽️ + +We connect fans, players and clubs around the globe to provide a seamless virtual integration of all their top leagues, cups and championships. $FTS will be launched on Binance Smart Chain. + +⚽️ Tokenomics ⚽️ + +1,000,000,000,000 Total Supply + +400,000,000,000 Presale + +350,000,000,000 Liquidity + +150,000,000,000 Marketing + +100,000,000,000 Maintainance/Development + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🌎 Website : [https://footballstars.io](https://footballstars.io/) + +🐦 Twitter : [https://twitter.com/footballstarsio](https://twitter.com/footballstarsio) + +👥 Telegram : [https://t.me/footballstarsio](https://t.me/footballstarsio) + +Ⓜ️ Medium : [https://footballstars.medium.com/](https://footballstars.medium.com/) +**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: + +💻ComputerShared💯🦍 + +&#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** +We don't talk a whole lot in this sub about expense management, despite the fact that it is a critical component of FIRE. + +Some expenses are harder to reduce than others. For me, it was eating out at work. Nearly every day I'd spend about $8.50 for a mediocre burrito, sandwich, or some other culinary money trap. + +It took a while to get into a routine of making crock pot meals to remedy this, but when you do some quick math, it becomes real hard to justify my previous habit. + +I'm able to get 4 meals out of a crock pot that also costs about a total of $8.50. Previously, 4 lunches would have cost me $34, so this saves me $25.50 each time. + +This is amplified if we look at the time cost. Picking up the extra groceries only takes a few minutes a week, and the prepping+dumping of the food into the crock pot doesn't take much time either. It totals about 20 minutes. + +So I'm saving $25.50 for 20 minutes of work. That's $76.50/hour, way more than I'm currently paid. + +BUT this is all after-tax savings. If we assume a 30% marginal tax rate, it's more like $109.29/hour. + +So basically, every three crock pot meals I do is like making 110 bucks an hour. Not a bad gig. + +I know I'm not the first person to think about expenses in these terms but if we can flip the thought process of reducing expenses in terms of pre-tax income, it makes it more fun. It flips the narrative from "cutting back" to "earning more." + +Anyone make any similar expense cuts? I'd be interested to see what sort of value it translated to. +Well if you think that, sell your shares. I hope you do, because then they will have real shares to cover with and they will block the buy button again so you can't join the FIESTA. Hear me out u fcking retard, Just hold, I see people in the comments trying to predict what will happen after GME earning date. Well, This is what gonna happen... THE MOASS. Maybe the day after, maybe the week after, or maybe we will have to hold for another 10 years. If you are here for a short term gain, then you are alone. Don't ever forget, This is not for only gains, we fight together so there is no other GME in the future. + +ApesStrongTogether +TLDR: HR sent me a contract stating I was salaried with flexible time off. Now are saying I’m hourly with accruing time off. They acknowledge it was their paperwork error. Meeting VP to discuss further tomorrow, need advice. + + +Sorry if this isn’t the right place to post this, I need finance advice, but it’s mostly jobs related. If there’s somewhere better to post, please let me know!! + +So, I started a new job in Texas on 9.16. The contract I signed had a set salary and PTO listed as “flexible, take time when you need it.” + +When I met with my direct supervisor on 9.19, he started talking about hourly and time clocking and vacation accrual rates. At that point I paused the conversation to let him know the letter I received and signed had only listed a salary and said PTO was flexible, not accrued. He asked to stop the conversation so he could check in with HR, since my role is “definitely meant to be non-exempt hourly, not exempt salary.” + +On 9.20, I met with my supervisor and someone from HR. She said point blank that it was their mistake but I am hourly and I will be accruing PTO. I noted that I would have negotiated differently as I have no intention of going into overtime unless it’s absolutely necessary and also noted that during our group training I’d been told I could leave the room to work on other things during the session for using our timekeeping system + +Needless to say, I was upset and frustrated at this meeting. I turned down another offer to take this role largely because of the PTO/salary combo was better in the role I took... but now it is less so. + +The VP of our department found out what happened and has asked me to meet him first thing tomorrow morning. I am still really disappointed and honestly would have pushed for a higher hourly wage if I’d known I wasn’t salaried and not getting flexible time off. I am outcome oriented and focus on getting the job done, and get frustrated if I’m done and I have to watch the clock to make sure I’m not losing out on income. And once I know I’m making enough, I care more about time off to maintain a healthy work/life balance than getting tons of overtime. + +Any advice for my meeting with the VP? I’d be happy staying hourly if I was on a higher hourly so when I do need to go to the doctor or take leave at 4:45 instead of 5:00 my check isn’t messed up. +*Update: Coinbase has just credited S$1,251.42 to me, about 3 hours ago, = around 9 hours after I submitted this post. Whew. Thank you Reddit and Redditors. If I'd known Reddit was the way to go I'd have done this sooner! + +-- + +So on 25 March 2017, I initiated a sale of 18 ETH into S$1, 251.42. The ETH were debited from my account, the money not credited. I emailed Coinbase support immediately. + +http://imgur.com/a/HzJAp + +After weeks of email correspondence with peripheral Coinbase staff/ automated bot mails, they finally replied to me via BBB on 26 April 2017: + +http://imgur.com/a/3k8YM + +“We are very sorry for the continued trouble with your funds. This is a bug we are monitoring and looking to resolve as soon as possible. I know this inconvenient, but sometimes matters like these can take weeks (sometimes months) to resolve. We are hoping to have a conclusion soon, but we can't give a time table as to when this will be resolved. But we still have amount due to the customer and full record." + +??? + +Months??? 2 months? 18 months? 324 months? What? + +I didn’t know whether to laugh or cry at their response. I’ve never ever had a company mess up then say, “ok we have your money, we just cannot figure out how to send it back to you”. + +It has been 37 days. 18 ETH is now worth approximately S$2,000. So, besides expending a ridiculous amount of time and energy just to have Coinbase staff tell me to wait wait and wait, I now have to bear this 70% loss. + +Other victims of Coinbase have contacted me to warn that, if no action were taken by me and a number of days have lapsed, Coinbase will simply seize the funds. + +Since Coinbase is not regulated/ licensed by California Department of Business Oversight, I’ve sent in complaints to the New York State Department and California Finance Protection Bureau. + +http://www.dbo.ca.gov/Press/press_releases/2015/Statement_on_Coinbase_Exchange_Regulatory_Status_01-27-15.asp + +To preempt all the trolls who like to jump in at this point and go, “oh Coinbase is regulated by FinCEN so you must be some dodgy shit”, I beg you to please go and harass someone else. Where do these people come from anyway? Are they paid Coinbase staff? Why else would anyone victim-blame and express glee at others’ misfortune? That money is more than sufficient to pay couple months’ rent/ food. + +Anyway, FinCEN’s reply was that being merely registered as a Money Services Business does not imply compliance, and for me to contact IRS. + +For others in the same boat as I am, the following info may or may not help: + +Coinbase, Inc. is registered as a Money Services Business with FinCEN, MSB registration number: 31000096791896, Address: 548 Market St, #23008, San Francisco, CA, 94104. Tel: (800) 343-5845, (415) 843-1515 + +1 Buxom St, Apt 410, San Francisco, CA, 94107 + +The first address is a mail forwarding address provided by earthclassmail.com. No idea what the second address is. I’ve been told the telephone numbers just lead to voicemails. + +The Coinbase subreddit is no longer accepting new posts. +Hi all, 3 of my buddies want to get a house together soon. We found one for 120k and are interested in it. Our oldest friend is putting most of the down payment down (6k of 15 as of now) with the rest of us putting in 3k. He says his plan is to just total up the bills + mortgage at the end of the month, and then split it equally between us. I should mention that the 3k for our down payments follow through on the next couple of month’s bills. + +Is this is best method for us/him? Are there any other suggestions anyone has? +Personally I don’t really mind telling my friends how much I make (90k+car+super) but I often find my friends feel awkward about sharing there’s- but really is that big of a deal? What’s your feelings about it? +I’m currently working full time as an engineer and make quite decent money. Still living at home with parents. Does anyone have any recommendations for second jobs that can be done outside the standard 9-5 of my first job? + +I’m a recent uni grad and hoping to save a deposit quicker. Any help would be appreciated. +I've built a browser extension called [Property Seeker](https://github.com/cheesestringer/property-seeker) to automate /u/pectusbrah's [post](https://www.reddit.com/r/AusFinance/comments/p28a7u/heres_how_to_find_the_price_range_of_any_house_on/) on finding price ranges for property on RealEstate. I've also taken a look at how Domain does their filtering and use the same technique as [Salary Seeker](https://github.com/cheesestringer/salary-seeker) to find their hidden price range. + +Previews: + +[Domain](https://i.imgur.com/VzCciD5.png) + +[RealEstate](https://i.imgur.com/NgtIQNM.png) + +Viewing prices for Domain will be a bit slower since the extension needs to do extra requests to figure out at what price range the property stops appearing in. Domain seems to only set the upper range for a property so the extension will show an estimate rather than a range like RealEstate. + +As mentioned in comments from the previous thread, these numbers are an advertising range so don't use them as fact. Hopefully it gives you some useful context for those annoying "Contact Agent" and "Enquire within" listings. + +The extension is open source and only communicates with Domain and RealEstate servers to protect your privacy. +Let me know if you have any issues or suggestions for improvements. + +[View source on GitHub](https://github.com/cheesestringer/property-seeker) +If I quit my job, I’d lose health insurance. I’m from the U.S. , so its pretty expensive here. And I’m not so sure about the quality of the social med care programs. What plans do you all have? Am I wrong about the social programs? Is anyone taking out independent health insurance? + + +EDIT: Has anyone looked into joining the military Reserves for their low cost health insurance? Once you retire from you day job, you can still be in the reserves to take advantage of their health care +As a person that is young (compared to.. I don't know Jerry Seinfeld) who has lots of years ahead (hopefully) I am taking this chance to put money into this market, because I have the flexibility to make more money in the future if it all goes to shit. + +I'm betting that it won't, and I'm also betting that I will be a much happier person for doing so. Maybe not tomorrow, maybe not next week, maybe not in the near future. But compared to stuffing my extra money away into "safer" investments and slowly building my nest egg now when I am young I find it to be a better albeit much riskier alternative. + +I take solace in the fact that the money that I've invested can disappear tomorrow and I won't be out of my home, or car or go hungry, because I've only put in what I can afford to lose. So if I can offer some unsolicited advice to the younger generation here (and the older generation that has trouble controlling impulses) it is this: + + +Don't fucking invest more than you are willing to lose, use your common sense with investing, be better than the primitive impulses inside you want you to be. It won't make you happy to see paper losses (as long as you keep them on paper) but it will give you the confidence to ride out the storm. + + +Good luck, and be smart. +Hey there, long timer here. I've been doing crypto since 2012, got my first amounts of bitcoin at <$20 range. (don't worry, they're long gone now) + + +Do yourself a favor and zoom out. Crypto goes through these kinds of boom and bust cycles all the time. Sure it's fun to see the price shoot up by 10-20% in a day, but this is it, these are the moments that separate the smart money from the dumb money. + + +Please don't invest more than you can afford to lose, don't fomo into something with dollar signs in your eyes, and don't assume that price can just trend in one direction forever. +I've been thinking about FIRE a lot lately. I'm a little late to the game though, and I fear that one enormous financial mistake in my past will keep me from actually retiring early. + +I got a 6-figure job right out of college. I started renting an apartment almost immediately. It wasn't that expensive for me, which was great because I was putting a ton of extra money into my student loans every month. However, my mother as well as my coworkers kept telling me how I was throwing away money on rent. + +Finally, I caved and decided to buy a condo. I bought right at the peak of the market. Even worse, I put $50k worth of renovations into it. I honestly thought I'd be living there for a long time. I was single. I figured that if I met someone, they'd move into my place. That's how I justified the expense of the renovations. + +Life doesn't always go as planned. Three months after moving into my condo, I met the woman I would later marry. Of course, she was living and working 70 miles away. After 2 years we got engaged, and I found myself in the position where if we were going to have a life together, one of us had to move. I could easily transfer my job to where she was living, but she couldn't do the same. Therefore, I put the condo on the market less than 3 years after buying it. + +Long story short... I took a beating on it. The market for condos in the area crashed. I ended up selling for $43k less than purchase price. When you throw in the $50k worth of renovations and include things like condo fees and property taxes, I ended up blowing $100,000 on the stupid condo. + +$100,000... poof. + +Thanks to my salary, I was able to build my savings back up. However, I can't stop thinking about how much better my financial situation would be if I had that money. Think about how much compounded interest I missed out on. + +That mistake might literally be the thing that keeps me from retiring early. + +Does anyone else have a financial decision/mistake that they deeply regret? +"Most people used to cancel their cable-TV subscription only when they moved house, says Doug Shapiro, a former chief strategy officer at Turner Broadcasting System, a television company. Now, he says, they are “becoming accustomed to churning on or off over the quality of content”, signing up to devour the latest hit and then cancelling their membership. Apple TV+, which has the most serious retention problem, loses a tenth of its customers every month, according to Antenna, a data firm, meaning that every year it churns through the equivalent of more than 100% of its members (see chart 2)." https://imgur.com/a/83Wohkk + +https://www.economist.com/business/disney-netflix-apple-is-anyone-winning-the-streaming-wars/21807591 + +I didn't know there was lots of us that stop and start streaming services +My mother in law recently came into some money after settling an over five year estate issue. She has been saying for quite some time she wanted to give us money and help us with things i.e. buying a house. + +While visiting my husband who is on a business trip last night she presented him with a check for $10,000.My husband is very grateful and excited, as am I but not knowing the tax repercussions worries me, and I have more questions. + +I'd greatly appreciate help answering any of the questions I have, seriously! + +1. Will we be taxed or have to pay additional taxes for receiving gift money? + +2. Can she gift us $32,000 without having to pay the gift tax since we are married instead of the $16000 per individual? + +3. Does her gifting us money put us into a different tax bracket? + +4. We are expecting our first child this November, can she help with medical expenses and that help be an exclusion from the gift tax? + +5. Do we have to pay capital gains tax? (Please remember I have no idea what I'm talking about which is why I'm coming to you 😊) + +6. Can she help us with a down payment on a house in a way that is excluded from the gift tax/gift tax amount? + +7. Is there a specific type of bank account any of you recommend opening to put gift money into that is similar to the first time home buyers or state medical savings that is pre-tax? + +Thank you for taking the time to read this if you did! I appreciate any advice you can give 💖 + +Update: Can I just say - WOW! Thank you all for the amazing responses, tips and tricks! It's very encouraging to the two of us to have learned so many ways we could utilize this gift and to have additional information not just for our own benefit but as a resource for my MIL as well. Once again the reddit community comes out to help 😊 + Hi, I am 20 yrs old and make $28,000 a year. I don't have any bills and can live off <$500 a month currently. I go to school and will not have any bills for the next 2-4 yrs. I was thinking of starting a Roth IRA account and put $500 in a month as well as putting $500 into a high interest savings account. Is this a good thing to do financially to save and invest or do you guys recommend something else. +Wow, what a day, can't wait for market open! + +But after 11 months of constant bs we've been through, I’m super sus ape there’s something wrong with todays AH price action. + +If this is MOASS, ok. Me and all my DRS’d shares are ready. LFG! But, IF this is another hedgie trick, **let’s talk about it** ok and figure out their game plan. +30% is not the MOASS. Might be the start of it, but it's not the MOASS. + +&#x200B; + +[pls](https://preview.redd.it/r0f51w4rj8a81.jpg?width=480&format=pjpg&auto=webp&s=f39edcd19f5ef89b2accb36413350fe6480204e1) + +There is a lot of suspect shit going on here tonight, I don’t know what it all means but I’m putting it on your radar so we can figure it out together. This is what I have collected: + +**SUS #1:** **All the meme stocks spiked in AH at exactly the same time. Before the WSJ article dropped.** + +&#x200B; + +https://preview.redd.it/nq4xiaosj8a81.jpg?width=814&format=pjpg&auto=webp&s=c011debf9d302b87ad1b463c5fcee015790fd4d2 + +This is less indicative of FTD covering or one Hedgie vacating the position suddenly. This is more like the linked basket-of-stocks behaviour we have seen many times before. Other posts have gone into more detail on this. I just want to add this was planned and controlled action. + +We know that there was no “roll” on Nov 19th as we had expected, and Jan 7th is the T+3+6+35c from that date. + +&#x200B; + +**SUS #2: Jan 6th had the lowest percent Dark Pool activity in months.** + +Really? You boys just gonna let all that retail go to the lit? + +&#x200B; + +https://preview.redd.it/fwc9pchtj8a81.jpg?width=1274&format=pjpg&auto=webp&s=d5c22359a8466f1716cc1a9de75ec47f6bb013a7 + +**SUS #3: Trading flat for three weeks … after getting slammed down hard** + +&#x200B; + +https://preview.redd.it/5dxwzejuj8a81.jpg?width=1188&format=pjpg&auto=webp&s=da0a99f4fa16f6397fd5080090e0fd636bd3c480 + +We’ve been in a range since Dec 17th, with constant put walls up while they cover. This might have been used to cover a bunch of FTD’s in advance of the upcoming Jan 7 swaps date. We had 1-3M in vol each of these days, hard to say how much covering could have occurred is difficult. The consequence for this action is there are millions of dollars still in these put walls, which will get unceremoniously smashed today. + +So, they used the time to cover some shit. We've seen them cover-in-advance to throw us off our timings, like Nov 19 and Nov 22nd. + +**SUS #4:** That WSJ article itself. + +They could have chosen to release it at any time, they chose a time AFTER market close, the DAY BEFORE the big spike we have been expecting from Nov 19th fail to cover their CME swap position. The article has NO new info this sub was not already aware of. It was picked up by every mainstream org despite months and months of them bashing us. + +Clearly, they stole RC’s thunder here. The hedgies have been living in fear for weeks on end, knowing GS could drop a bomb on their heads at any time, so they put out that article not only as a super-convenient cover story. + +If you read the article, it makes the whole NFT thing seem pretty meh. We all know the potential of it, but the general public won’t, so it really comes off as a big dud. They have pre-empted the epic moass-inducing announcement with **a weak-sauce leak**. + +There are other posts that are digging into this more, I just want to point out that coordinating between Citadel, Melvin, Point72, CNBC, WSJ, MW, Virtu must pose quite a challenge which is why we see errors like time-travelling articles, synchronized covering and ham-handed fud campaigns. + +We see what you did there. + +**SUS #5:** That other sub is going max YOLO + +As someone who has been banned from it a couple times, that sub is controlled by hedges. If you disagree, stop reading here. But, for such a *tightly* controlled sub, the **content** of the YOLO plays is quite interesting, go take a look for yourself, it’s all a bunch of option plays. How did these guys pick up those options, AFTER the options market has closed? When we reopen tomorrow, the IV is going to make tomorrows options INSANELY expensive. (At least until there is an IV crush.) + +No links, go verify for yourself on this one, even a few minutes on that sub makes me vomit. + +**SUS #6:** **There simply aren't that many Call going ITM tomorrow.** + +[Actually not a lot](https://preview.redd.it/191yxoixj8a81.jpg?width=1726&format=pjpg&auto=webp&s=34ab059f2cd3b72009b61c039404e8b736d4f867) + +I’ve written previously about the **systematic** and **complete** destruction of our call options chain. Ever since Nov 23rd, we’ve been hammered every single day until just a few hundred calls remained ITM for Jan 7th. I believe their target right now is to dodge the 61k of OTM call options on Jan 21st. + +&#x200B; + +[62k of Danger Noodles Jan 21st](https://preview.redd.it/br9xq8n7k8a81.jpg?width=2648&format=pjpg&auto=webp&s=fdfc070afbe31aa71fe2af9664b27954610d13bf) + +They've decimated our call chain so what will run into the money today isn't a lot. There's a ton more out at **later** expiry dates. But if they can short it back down by the 21st, they can chose to not hedge those later exp calls and not buy the underlying right now. + +Tonight’s AH move could be an attempt to bait some ape’s into options and short GME for a quick IV crush, knowing they can dodge the T+13 settlement date and push that date back far enough to force a ton of options to expire worthless OTM. + +Given the lack of options running ITM, it might be manageable for them. + +If we start ripping tomorrow, punching up through the put walls, could the delta hedging alone spark the MOASS? Maybe, but don’t forget Citadel and Virtu decide if they want to hedge those call options on the way up, and may simply choose not to. Don’t forget they internalized several BILLION dollars back on Jan 27th-28th, according to the SEC report. I have no doubt they are again willing to sandbag the upward momentum since the alternative would indeed be MOASS. This would seem to be an important part of a ‘controlled demolition’ strategy. + +**WHAT I'M WATCHING TOMORROW** + +**The longer-dated puts could be a tell.** If they hold on to the 21st and later puts, that could indicate they intend to once again make use of them later, closer to that date. + +If you are brave enough to buy into the start of the rip, maybe consider shares or pick some expiry dates at least another 35c days out. + +Check out the Jan 21st PUT chain ... it's basically what you would want to backstop price action leading up to that date. + +&#x200B; + +[The Backstop](https://preview.redd.it/udqm3d20k8a81.jpg?width=1120&format=pjpg&auto=webp&s=1e82bd4e167adc7f369575615f178e6d6005e1b8) + +&#x200B; + +Market Maker de-Hedging of the puts as we run tomorrow could/should actually be a LARGER factor in Delta induced price action. Well, that is IF the MM chooses to un-hedge. If the Hedgie doesn't sell the put, and there is no reason to, the MM still make the call as to when they un-hedge. **Or if.** + +Watch the price action tomorrow, and the Jan 7 put volume specifically to see what's happening. + +We've got **7,457** **put** contracts that should get un-hedged at market open, if we open at $160. That's massive buy pressure of 747k shares! We **should** take off like a Tesla model Plaid! If we don't, there's ***fuckery***. + +Also, **4,179** **call** contract that should go ITM and get Delta hedged. That's 417k shares! These certainly will get sold off by end of day, they are *expiring*. Retail does not usually have the cash to let options expire in the money and exercise. + +The CME basket swaps likely needs to be covered Jan 7th, but they can push the ETF stuff out a bit further. The last swaps day Aug 24th we ran vol over 14M, so if Jan 7th is on the same order of magnitude, then it’s just the swaps coming in. + +**REMINDER:** T+13 Settlement for ETF’s has a few caveats for covering. Specifically, they have provisions for T+35 settlement (not T+13) See notes from SajiMeister below, outlining the T+35. + +Meaning, don't jack yer kitties over the T+13, *they might be going out to T+35*. (See ETF winding exception below.) + +**ALL I AM SAYING ...** + +I want this to be the start of MOASS. I do. I really, really, really do, but I am watching like a hawk for fuckery. And I see a lot of fuckery tonight. + +I don’t believe in a 'fake squeeze'. If the price hits $950 the margin for every hedgie will be blown out, margin calls for everyone and we’re all driving a Lambo tomorrow. + +This looks like a setup to run us up to around $220 or $300 before they smash it right back down. They covered some FTD's early, they can make it look like they are losing control, get us to fomo into options and higher-priced shares before they pull the rug. (No FUD, I'm not anti-option, if you gonna fomo in, go right ahead *just fomo smart*. Shares, long-dated/ITM options are less vulnerable to hedgie shenanigans.) + +They can't win, of course. We're not selling so they can **never** win. But that's not their plan, a permanent stalemate is their objective. Just stall for time, one day at a time. + +They need to disarm RC, cover an ungodly number of FTD's & swap fails over the next couple weeks, so a controlled spike, reset their shorts at the top, is the plan, just like in Feb, May and Aug. + +Pls don't fling any poo at me if I am wrong. bc if I am wrong you will be picking out what color Lambo you want on Monday. + +*Pls tell me I am wrong and this is MOASS.* + +**EDIT:** Got another SUS point to add, comment below pls. + +**TLDR: Hedgies playing games but this a danger-noodle game they can only lose.** + +\--- Threshold DD below --- + +**The NYSE Threshold Rules and What Exceptions Are Made** + +“(3) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for thirteen consecutive settlement days, **the participant shall immediately thereafter close out the fail to deliver position by purchasing securities of like kind and quantity:”** + +***A note on the above section is that the person shall immediately close out their position. So it doesn’t say someone will come and close it for them but it is saying that they should close it out OR they will face restrictions in trading where they can no longer mark sales as short. They could always mark a short sale as long and face the fines later. These sales would still be subject to T+13 but could allow them to do some illegal naked short selling that has been shown to have happened countless times in the past.*** + +“(i) Provided, however, that a participant of a registered clearing agency that has a fail to deliver position at a registered clearing agency in a threshold security on the effective date of this amendment and which, prior to the effective date of this amendment, ***had been previously grandfathered from the close-out requirement in this paragraph*** (b)(3) (i.e., because the participant of a registered clearing agency had a fail to deliver position at a registered clearing agency on the settlement day preceding the day that the security became a threshold security), shall close out that fail to deliver position within thirty-five consecutive settlement days of the effective date of this amendment by purchasing securities of like kind and quantity; “ + +**What does it mean to be grandfathered in?** + +*It means that if the FTD happened before the security was place on the threshold list and it was grandfather due to a reason in section 242.200 then it can still deliver the shares on the T+35 schedule. The below are summaries of the exceptions that could have allowed them to have a t+35 settlement prior to the threshold start date.* + +\- *If the person who has the FTD is an unconditional contract binding both parties to purchase but has not received the security. It now can extend 35 days.* + +\- *The person owns a security convertible (tokenize stocks cough cough) and has tendered such security for conversion or exchange.* + +\- *Person has exercised an option but has not yet received the shares.* + +\- *Person holds a securities futures contract. Basically, an arrangement with a person that they will buy x amount of the stock on some date in the future and the contract can not be broken. This is where the crypto fuckery is. Pump crypto make a contract liquidate crypto on contract end date so that it costs less money to buy security in future contract.* + +\- *ETF fuckery. The terminology is confusing but there is a way to extend FTDs to T+35 using ETF “unwinding”.* + +o *“The broker-dealer is unwinding index arbitrage position involving a long basket of stock and one or more short index futures traded on a board of trade or one or more standardized options contracts as defined in 17 CFR 240.9b–1(a)(4)”* +Thinking about non profitable companies that provide high demand services. Uber, Deliveroo, Just Eat and all the others. + +They entered as challengers to the market, but have failed to make their business model work at a time when they are in peak demand. + +Can the market simply just not provide enough for the gig economy to legitimately exist? + +Do investors pay for this as a privilege to society? + +Can they ever really make a profit? +I want to create an FD of 20L and was looking at options. Since rates are pretty low for most banks, I was surprised to see Paytm offer 7% for a year, backed by IndusInd. + +Whats the catch? How safe is it? +I'm looking into buying a condo in SF. A 1 BR is all I can really afford, but also all I really need. + +Most of what I'm looking at is around $800-900k. My problem is that I find it really hard to believe that the property will grow in value an additional $100k+ over time. + +Now hear me out: + +SF as a market, red hot, the gold standard. No new supply being built, no land to build it, lots of demand from rich tech workers. + +So why do I think that it wont go above $1 mil? + +A mortgage for a place above 1 mil would run maybe $5-6000 a month with taxes and HOA. + +Think about who buys 1 BRs. Its single tech workers who are not yet with a family or that far along in their career. Those people, while paid highly, are not paid anywhere near enough to have $6000 a month to drop on a tiny apartment. + +The people with that kind of money, would be dual income families, who need space, or mid-high level tech workers who probably want more than a 1 BR. + +Also, and this is my least persuasive argument, 1 million is a symbolically huge number, it means something more than a change in 6 figures to higher 6 figures. + +This is just my personal thesis. I would love to buy a place, but as an investment, its hard for me to feel right about it. + +What are your thoughts on the 1 BR market in SF? + + +Do you believe the median price will go to and stay above 1 mil? Why? What's your thesis? +I have been in the markets since college, about 6 years ago. I am not an expert and have my fair share of misses. This isnt a typical "doomsday" post. In my 6 years, I've heard every year that the stock market was about to collapse. I think its possible the stock market faces a "lost decade", but I am also a big believer in the innovation within the pipeline that we could benefit from in the coming years. + +One area of the market I am confused by is the electric vehicle space. It seems everyone is so high on the space when I think it presents a lot of risks: + +1. A lot of EV companies are trading like they will be the dominant player in the EV space and have a large % of TAM. In reality, very few of these companies will win any significant amount of TAM and many of them will crash (no pun intended). In the last few years, we've seen the EV space expand from Tesla to Volkswagen to General Monitors/Ford to the darling SPAC companies. Many of these companies have never sold a electric car to the general public. +2. The car industry is a tough industry to invest in. In my investing career, the car industry has been the ugly orange haired stepchild. Too many companies, large capital requirements, and tough margins. I dont understand how the EV space would change that. Sure, certain technologies might make manufacturing easier that can improve margins and lower capital requirements... but you are still going to pinching every penny, especially if the market remains this saturated. +3. Many EV car companies are dependent on certain tax credits and government handouts. We can argue the merits of the government incentivizing people to buy cars and the merits of the government giving money away to help car companies be competitive. How reliable are these credits in the future? +4. It's great you want an electric car to save the planet, but if your EV charging station is powered by coal, or oil/gas, you arent doing as much good as you think. The charging stations seem to need a lot of further infrastructure. I dont think many, if any, markets globally have the infrastructure in place to account for the expected increase in EV vehicles, much less EV charging stations built using power from "clean" sources. +5. EDIT: I thought of one more. All of these companies will likely need to raise huge amounts of money in the future. Many of them are pre-revenue and still have to invest millions, if not billions, into infrastructure. The ability to raise money now is easy, but it might not be so easy in a few years. + +I dont pretend to be an expert at this. My research is still on going and my ignorance might be showing here. However, I just see an industry that is growing in awareness and therefore stock valuations, but still have many questions and less answers. + +I have seen some short reports in recent weeks. If anything, I'd buy General Monitors and buy LEAP puts in SPAC EV companies. I think the existing ICE car companies like Volkswagen, Ford, and GM... along with Tesla, have a huge advantage over some of these smaller players. +There are many reasons why, but today, shopping at Costco, I realized why. Back when I was dirt poor, I would have to buy the single, 20 sheet roll of paper towel, or the 25 pack of diapers for $10. When comparing per unit pricing on these small quantity items to the bulk, you are literally spending 3-5x as much. It's terrifying how much waste there is when you can't afford a $40, 250 pack of diapers, or a $20 200 ounce bottle of laundry detergent. I see it a lot at the dollar stores where people load up on tiny 6 ounce bottles of ketchup, or 1 ounce bags of shredded cheese. If you can cut it, it really makes a huge difference when you buy your regular items in bulk, as long as you are verifying significant savings based on per unit cost. +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 remember back in October-ish(?) when I was scrolling through Reddit, and saw a post about these weirdos tracking this “Kenny” guys plane. I had no idea what was going on but I thought that it was extremely funny and decided to scroll through the sub a bit. Lo and behold a couple months later I’ve read the DD, invested my entire life savings into GME, and DRS’ed my shares knowing that I found a gold mine of a company, chairman, and community. Just sharing my story + +Buy, Hold, DRS + +edit: thanks for all the kind words and support! I didn’t think this would blow up and I only posted because a mod accepted me as an approved member. Love you apes/apettes +There’re so many possibilities browsing through my architect’s portfolio. Some ideas seem nice, but it’s unclear if I’d use them. I’d like to get a sense for what features you chose and what you think of the choices after living with them. + +Examples: +Media room +Wine cellar +Sport court (squash and basketball appear most common) +Indoor pool/hot tub +Sauna +Garage car lifts +Gym (This one I’m fairly confident I’d use as I currently have an office converted to a gym) +Bouldering wall +Basement bar/rec room +Hi all, + +I am just trying to gain a better understanding of if an ETF being 'cheap' in price is considered a red flag? For example, one tech ETF might be $15 and the second tech might be $300, with similar top 10s. What creates that serious difference? Volume owned? Timeline of success? Holdings underneath the top 10? + +Just trying to get a better idea of what to look at researching; don’t want to be fooled by what seems to be a 'steal' and really could just be a fail. +When I was new to crypto I was deciding which exchange to use and had decided on crypto.com. At the time crypto.com and their CRO coin had a bit of a bad reputation but I did my own research and determined that the things people were concerned about were growing pains and that an exchange with the domain crypto.com had a very bright future. + +After getting my account approved I posted here asking for advice on if I should invest a substantial amount in CRO since I believed crypto.com was destined to become a major player like binance and that inevitably the CRO price would go up. + +My post was met with lots of fud and responses from people who had likely been burned or knew nothing about crypto.com and CRO. I should have gone with my gut and my own research however I was brand new to crypto and didn't trust myself. + +At this time CRO was about $0.06. Now CRO is $0.50+ and crypto.com has bought the naming rights to the arena where the Lakers play. + +Moral of the story is 90% of what's posted here is garbage that won't help you make good investing decisions. Go with your gut. + +EDIT: Wow. I knew this sub had some bad advice but I didn't realize how incredibly toxic it had become as well. Everyone was new at some point. There are tons of new people coming here everyday to try and learn more about crypto. + +EDIT: One of the mods changed the flair of this post to comedy. That is completely unacceptable. Regardless of if they found my post to be funny it was clearly not intended to be a joke. I have changed it back and if it is changed again I will be reporting the situation to reddit. +i figure someone in this sub might be able to point me in the right direction. are there any real estate agents that have sold homes to exotic dancers knowing what they did for work? did they have to prove their income to you or their bank? i’m a first time buyer and this would be a home/condo for myself +If Amazon’s sudden stock split during the current economic and political circumstances we have say anything, it’s that the rich are super desperate to get the uninformed and stupid retail masses to hold their bags before the economy really crashes. + +We’ve already have an over 10% decline in the last two months, worse than the Great Depression’s first year and nearly as bad as the first year of the Great Recession, but judging by the way things are going in the world this is just the beginning. + +And we already know all this with all the DD that’s been done on this sub and are well prepared for it by investing in a company that alone has made a huge turnaround with incredible future potential, will still do well during a recession, and is a huge risk to short sellers because of this; GME. + +But for the uninformed masses, they may buy into the narrative that they should “buy the dip” while the getting is good when in reality this “dip” hasn’t even reached the bottom it will in the next few months. + +And here comes the poetic Justice; + +Even if retail wanted to hold the rich’s bags, buying up all their assets that would be worth far less in the near future, most can’t afford to do so. + +Why? Because of the very same actions and policies put in place by the rich to make themselves richer and the poor poorer. + +More money for executives and less for workers. + +Drive up the cost of everything to ridiculous levels so that only the rich can afford the things past generations were able to get for far less work. + +Implement policies and print trillions out of thin air that will help bail out and prop up the stock market at the cost of horrific inflation in the future. + +All of this made the rich more money in the short run, but it took a lot of money out of the hands of the 99%. + +And now that the rich want to cash out, they can’t because the only way they can get out is if the 99% hold their bags. Yet in today’s economic climate which was a result of the rich’s doing, the 99% can’t afford to hold their bags… + +This current situation was created by the rich, and it will be the rich that feel it the most. + +I find this to be a beautiful case of poetic justice. +My fiancée has about $10,000 of Roth IRA contributions that he can withdraw penalty free for a home. + +Unfortunately we are being out bid left and right and although we didn’t want to have to do this, it seems like a last ditch option. + +I’m afraid housing costs will only continue to go up, so is the $10,000 setback really a setback in the grand scheme of things? +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 don’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 parents’ 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. +Just a bit of context, I am 31 male, married with a single child and recently came into a comfortable amount of extra financial support and curious to hear recommendations on how to safely invest. I will be using a majority towards a home to decrease a monthly mortgage and set up for a 15 year loan instead of 30. + +Currently maxing out 401k and IRA while also contributing to a 529. My wife is unemployed but we are still making an effort to at least max out an IRA for her each year. In total, our retirement accounts combined are just over $100k. + +After the home investment, I would like to position the leftover , roughly $200k, in a long term investment, 30+ years to use as an addition to our retirement accounts. I plan on contributing to this each year as we already have 6 months of savings, looking to save $10k+ per year in this long term investment to maximize compounding interest. + +What is a good index I can position this in with good long term gains that is tax efficient with low fees? I have heard great things about Vanguards VTSAX fund for scenarios like this, but curious if there are any other recommendations? Since I will be contributing to this, I would like to avoid transaction fees if possible. + +I currently have my 401 and IRA with fidelity, any good long term investments with fidelity you recommend? I like passive managed funds to keep cost low. + +Thank you all for your help and feedback. +I know this community is aimed at early retirement, but I’m sure there are some here who plan to work in some capacity even after reaching financial independence. + +What are everyone’s thoughts on working forever? + +Warren Buffett has famously said he plans to work until he dies and he doesn’t want to be like a retired friend who spends their whole week looking forward to a haircut appointment. +What typically occurs to the stock price after such an offering is announced? My feeling is that it should go down either based on the dilution of shares or based the bought price of $6.05, which is 40 cents less than the current stock price. +Dear AusFinance Redditors + +1) What's your salary? +2) How many hours contracted weekly? +3) How many hours do you actually work per week? + +Optional: Industry & job title. +Don't click the link. we dont want to encourage this kind of unqualified opinion. + +TLDR: Suze says $5M. Most people have less. $68k not enough to retire on. + +Carry on. + + +> +> +>The FIRE movement is doing a major disservice to retirees and soon-to-be-retirees. +> +>I’m referring, of course, to the so-called “Financial Independence, Retire Early” movement. Followers save a disproportionately large portion of their salaries in their 20s and 30s, in order to retire early—say at age 40—and live on their savings for the rest of their lives. +> +>The debate about this movement so far has been largely about the assumptions behind the financial model that shows how it’s possible to retire at age 40 with what has been saved over the prior 15 years. My beef with FIRE is not with either those assumptions or the model itself, but with something even more fundamental. +> +>This more fundamental problem is that the FIRE movement is irrelevant to almost all individuals, and as a consequence is dangerous. Only a very small minority of individuals have sufficient assets to retire early at more than a subsistence level. And when they realize how much smaller their 401(k)s are from what would be needed, they may very well decide to incur far riskier strategies than they would have otherwise—and end up worse off than they would have been had the movement never existed. +> +>To be sure, there is a debate raging today among retirement advisers over how many assets you need in order to retire early. Suze Orman, the personal finance guru, believes you need at least $5 million. Others, such as Mitch Tuchman, believe that’s “nonsense” and calculate that the requisite number is closer to $1 million. +> +>Regardless of what that number is, however, I think we can all agree that the vast majority of investors don’t come anywhere close. +> +>Take a look at the accompanying chart, which plots data from Vanguard on the typical size of 401(k) balances as a function of age. Consider investors in the 35-44 age group, which presumably is the target cohort for retiring early. On average, they have just $68,935. The median account size—the level for which half have larger balances and half smaller—is $25,800. +> +>An investor who retired with a 401(k) balance this size and who utilized the so-called 4% spending rule would therefore have to retire on yearly income between $1,032 and $2,757. Good luck with that. +> +>And note carefully that Vanguard’s survey reflects account balances among investors who have a 401(k) in the first place. Many more do not. +> +>Of course, because of Social Security, the picture painted by the meager average 401(k) balance may be too bleak. But Social Security doesn’t kick in until age 62, at the earliest. So it doesn’t do much to help during a retiree is his 40s and 50s. +> +>So what good does the FIRE movement do to tell someone that they can retire at age 40? +> +>It’s akin to luring a young basketball player to drop out of school with visions of someday making into the N.B.A. The net result in virtually all cases, of course, is that the player will be worse off for the rest of his life. In that regard, I note that we’re already seeing articles about the successful few who have retired early, complete with beautiful photos of the happy retirees lounging on a beach somewhere. +> +>My recommendation is not to even read those articles. To the extent young investors take them seriously, they will be shocked upon recognizing how far short their 401(k) accounts are of what is needed to retire early. And that, in turn, could very well lead them to take on much-greater-than-market risk in hopes of building up a portfolio of requisite size by age 40—akin to a “Hail Mary” pass in football. In my four decades of tracking the performance of investment newsletters, such high levels of risk almost always, sooner or later, crash and burn. +> +>In no way do I intend this discussion to discourage investors from spending less on current consumption and investing more in the future. That remains good and sound financial advice, and to the extent the FIRE encourages these behaviors it will have a positive impact. +> +>Unfortunately, slowly and steadily building up retirement wealth over a lifetime does not appear sexy or exciting, especially when compared with the allure of retiring at age 40. But, deep down in, we all know that slow and steady wins the race. +> +>For more information, including descriptions of the Hulbert Sentiment Indices, go to The Hulbert Financial Digest or email [mark@hulbertratings.com](mailto:mark@hulbertratings.com). + +&#x200B; +Could a parent in a VHCOL city give me insight into what the private school application/acceptance process was like? I'm giving birth this fall and am already thinking about private pre-K in the ultra-competitive Manhattan landscape. Even the private schools in Brooklyn seem exceedingly difficult to get into. + + +What do top private schools actually look for? What are they assessing about you and your family? If there's a ratio of what's important, is it what you do for a living, where you volunteer, how well your child does in their behavioral assessment, who writes recommendation letters, etc? Is it worth hiring one of those school counselors to help with your application? I am hoping this is actually less complicated and competitive than I am thinking, though perhaps it's just the opposite. + + +Any advice appreciated. +So I'm 22 and for a few months now I've been working this freelance gig that comes out to around £1750 per month. The trouble is everyone in my family has been making under £12500 their whole lives and so have never filed taxes, which obviously I'll have to. Since I won't have made over that threshold for another 8 months, does that mean I pay tax from a period starting at my employment or is it just the first year that I make over £12500 across the 12 months in that year? + +Something else is I send a decent chunk of money to my partner abroad who's still studying, how would I work that into my self-assessment? Is there any tax rules for sending money like that? + +Sorry if these are dumb questions, I'm just worried since I've only just realized no one in the family has a clue 😂 +I just saw this on Bloomberg - Revolut launching their new "payday" product, doing their part to "improve everyone's financial wellbeing" [https://www.revolut.com/payday](https://www.revolut.com/payday) + +Now Technically it's not a payday loan as "you're getting early access to money you earned." It's a simple salary advance. + +Of course the glaring issue with this is come actual payday, the customer is going to effectively be paid less, fair enough. But come next payday... are they going to have enough money to do cover the full month? Or will they need another salary advance again? This can quickly become messy and trap users in a cycle. The exact same cycle payday lenders relied on... + +Yes payday lenders charged extortionate rates, but the \*real issue\* with payday loans was the cycle of lending people got trapped in, needing to borrow each month due to paying back the last loan. Revolut don't have the extortionate APRs, but do charge "a small fee" for the privilege. No idea what happens if things start to go bad as there's no detail on that sparse webpage. + +Now I know most users on this sub won't ever need to use this, or would only do so if they really needed to and budge their way back into the black... but most revolut customers aren't members of this subreddit. + +Having worked in lending, specifically at ethical lenders looking to get people away from high cost predatory credit, this scheme just raises alarm bells to me, specially as these aren't are salary advances not loans. Due to this, these schemes aren't covered by any consumer credit regs or any other FCA regs, which is likely why Revolut are doing it. No mucking around with affordability checks or credit checking... and Revolut don't need to report this to any credit agencies, meaning customers if go on to borrow from elsewhere, the other lenders won't necessarily know they have this potential ongoing affordability issue with Revolut. + +Now, apart from the issues I have with the product, the thing that irks me is it's all marketed under the guise of "financial wellbeing" and improving "mental health", when in reality often schemes like this achieve is the opposite. + +*Now granted there is, quite, a barrier to entry with this scheme* + +>"Employers will have to agree to participate, giving Revolut access to its payroll system so it knows how much employees are earning and how much it can front them. The service will be free for employers" but the way this is advertised as "a way to meet unexpected expenses" "an alternative to payday loans" + +Given the above so it might be DOA but still, I don't like this rise of debt encouragement through non traditional lending products. + +It reminds me a little bit of the same issues I can see with Klarna, encouraging borrowing under the guise of "financial wellbeing", "spread the cost" "make it more affordable." + +Basically, if you want to encourage financial wellbeing & mental health, why are Revolut not using this payroll integrated system they have built to take x % of a customers salary and put it into an "emergency" fund the customer can access when they actually need it... (i know the answer don't worry - if you don't, it's because revolut dont make money doing that) + +Financial wellbeing comes from saving, not the stress of needing an unregulated salary advance to cover an unexpected bill. + +I don't like it. + +*just wanted to rant.* +https://imgur.com/a/TTc5Y6Z + + + +I have 10 months left on my lease. It's a 3/2.5 townhouse in Gilbert az and i pay 1600. There really is nothing similar for remotely close in price and i have a 5 year old and a 6 week old daughter and her mom is still recovering from a c section. I don't want to be a dick but i really don't want to move again we just did two months ago. They would have to make an offer i couldn't refuse + + +Update: i sent this offer last night https://imgur.com/a/06Gnhsc and haven’t heard back + +Update 2: owner offered original offer plus 5k three days ago. I said no thanks and haven’t heard back. +********* I am not a financial advisor, this is not financial advice********** +(Posting this on mobile so can’t upload pics 🥲) + +You probably saw the headline: + +“US hedge funds Melvin Capital and Light Street suffer further losses” + +The article says that the losses are purely driven by meme stocks. IMO this is huge, bigger than yesterday’s meeting/announcements. This is definitive proof that shorts haven’t covered. Literally everyone in financial media, even the boomers, have said that shorting meme stocks is stupid. The fact that they’re still in IMO means they never left and can’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 doesn’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 what’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. + +That’s all for now. You’re all sexy as hell. + +********* I am not a financial advisor, this is not financial advice ********* +Friday was the last of the month, and in most of Germany the dividend disappeared. Monday is the 1st, new month and new quarter for GameStop. The shares will reappear, because they only had to disappear for the end of the month/quarter financial statements of the brokers, where unfortunately the numbers had to make sense, therefore they had to deactivate the splivy for the weekend. so that they don't mess up the books. + +all these brokers delivered nothing and keep displaying a imaginary number, ever since the split. what apes see in their accounts right now are the actual real numbers, that are on the books of the brokers. the don't want u to see those, so monday they're gonna switch to the fake version again. + +like the trick with the infinitely looping CCTV tape in the 1994 movie Speed, and what we just saw was the end of the tape where the loop doesn't match up perfectly. + +these criminals, are once again, naked as shit. and I swear as soon as I get my hands on that synthetic subprime dogshit they peddle, I'm going to DRS the living fuck out of it. Monday the first. 💎🙌 +Everything else is burning to the ground, but Ford hit $100B market cap for the first time in its 118 year history. Shares jumped by as much as 5.7% to $25.87 continuing its winning streak (20 year high). Full CNBC article [here](https://www.cnbc.com/2022/01/13/fords-market-cap-tops-100-billion-for-first-time-ever.html) + +CEO Jim Farley, who took over in October 2020, seems to be doing right by the auto company with plans to increase production of electric vehicles. Demand for the electric version of America's most popular vehicle, the F-150 is high. Production goal already nearly doubled for the F-150 Lightning pickup to 150,000 trucks per year. + +I'll share a growth options spread to mark the occasion -- The combo below accelerates gains on $F by 3.3x and make up to 29.1% (83.1% annualized) through 6/17/2022. [Link to source](https://www.oliveinvest.com/growth/4?o=61e18c99c23df95f32732ae6) + +Buy 2 $24 calls +Sell 2 $27 calls +Sell 1 $26 put +6/17/22 exp +Good afternoon personal finance, throwaway for privacy. +After 22 years at a very large corporation, my father who is in his late 50s was put on a performance improvement plan by his boss (this was about a month ago, frankly not due to performance in our opinion), and on Friday he was told his services would no longer be required. + + + +The situation is as follows, my dad is stationed at a project in PA. He is currently there by himself, I am living with the rest of my family outside the US and we need to decide how to move forward. My parents have no debt other than a mortgage they are almost finished paying off. He was making about 140k a year. We have about 6 months in savings and a house that can be sold in the US which is currently being rented out, but that was supposed to go toward retirement. (He also has a 401k etc). With my dad at home we would be spending about 6k per month (2 colleges etc). + + + +My father has a meeting tomorrow with HR, they told him on Friday that they could pay him until mid December and he could take the money and run, or he could continue working until the same date. This was sort of a casual offer made by his bosses. What kind of severance if any should he be expecting and should he take it, or keep working until the end date they provide? What should he say to HR?This was at will employment. + + + +Also, health insurance is an issue, it is provided by his employer. Could he negotiate the right to remain in his plan (which also covers me by the way, I´m 21 and have a preexisting condition) or does he have to opt into COBRA and later find another plan? + + + +Finally if anyone has any tips on how a man in his late 50s who has worked at the same place his entire life should go about finding another job this would be greatly appreciated. How long should his resume be, what should it contain? should he just fire away as many resumes as possible? etc. He made about 140k and worked in project controls. (engineer). He would probably be willing to work anywhere in the US and for half the money if the job was chill. + + +Any advice is good advice here. We have no idea how to go about this and I´m assuming it will take him a while to find another job. My dad works in the US to pay bills, but he hated his job and would love to come home. The job was life sucking and involved working weekends and until very late. However if he does this he can´t file for unemployment, and if it´s tough to find a job at his age in the US, it´s nearly impossible where we live. +If I´m in the wrong place or all over the place I apologize, let me know and I will edit/delete. If more info is needed I'll get it. + +Thank you all for your help, I'd love to come through for my dad on this one. + + +EDIT: Well this blew up. Thank you all for your advice and kind words. He has been informed of the success of the thread and was quite amused and happy about it. In fact, this is currently on the second page which is a personal best. + +As for all of those saying you should sue and/or should not sue: Legal action does not seem likely, in his opinion the PIP was not justified, and other factors played an important role, as well as the fact that after 22 years you sort of expect a little more than a PIP slapped in your face if you are having difficulties. However, right now the most sensible thing for him is going to be to dust himself off and look for another job. He will still be going to see a lawyer however, just in case. This will be mostly to make sure everything is in order with the offer HR gives him. + +One more thing, we knew from the beginning the PIP was the end. We all know those things are pretty much only used to fire employees. One Google search and that was pretty clear. Unfortunately my father is very professional. +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! + +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! + +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! + +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 uhm, is it against their Terms and Condition to refresh the pages? I’ve done it a few times waiting a financial report and it has now banned me from accessing their pages. + +“The activity you were trying to perform does not appear to comply with our terms of use and has been blocked by the system.If you believe the activity has been blocked in error, please contact the CSA Service Desk at 1-800-219-5381 and reference the below message.” + +I guess imma have to call? +Not sure if this is the best sub to put this in. + +So the other day someone had seen a picture stating something like “i would never sell my degree for a million dollars” or something like that. I have a masters degree and was asked if i would ever sell my degree for that amount. My response was yes, in a heartbeat. My dad overheard and said how a degree is the more important that it puts you on a different level, etc. i basicaly said that i understand certain degrees give you a better job and more comfortable jobs and pay, but if i could use that million to invest in a few of the right properties, i could potentially be making as much if not more than what i make now and not have to work. I love my job and career but my dream is to be financially independent where even if i still work i can be like “im only here cause i like the challenge of the work but i dont need to be here once it gets boring or if my bosses are are screaming at me everyday”. + +My dad obviously disagreed and said how there are a bunch of people who would kill to be in my shoes, and how people see me with more respect now that i have a masters degree with a great job. We ended up just agreeing to disagree. + +To give some context on my dad, he grew up in a 3rd world country in one of the poorest areas of that country. He always dreamed of having a degree but because of money and opportunity he could only get a technical degree in agronomy which didnt pay alot in his country. He worked hard and came to the US in his 20s and was able to buy a few houses. So he does have the immigrant mindset of a degree can get you very far and it is everything. I dont blame him, its the mentality of alot of people in our town. Some of it to is pride as well. + +I think i know how the responses will be on this reddit. But whats your take on it? +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). +What stocks or sectors would you not invest into and why? + +Options can include alcohol, tobacco, O&G, military/defensive, payday loans, cemetary/funeral services, etc.  + +Curious to see the discussion on why people won't invest into certain areas and their reasons behind it. +I know this is going to sound like a dumb question but why is Ethereum so popular as a crypto currency? It has ridiculous fees attached to it making pretty much every transaction expensive. Again sorry for the potentially stupid question but I just don't get why it is so widely held and wanted by people? +My first [post](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/) on this topic about 2 weeks ago had its flair changed to speculation by the mods as there was not sufficient evidence to support my theory that tokenized "GME" shares were being used as locates for short sales in the stock market. Fair enough. + +**I'm labeling this one as DD and I stand by it.** + +https://i.redd.it/ay42izyd0t4a1.gif + +\--- + +Same as last time, here's a legend for the post; + +1. Prologue +2. Tokenized Equities + 1. BIS & Tokenized Equities + 2. Project Helvetia +3. Uniswap & Liquidity Pools +4. "GME" tokens +5. Wrapping it up with FTX + +\--- + +# 1 - Prologue + +I am fascinated by **TOKENIZED STOCKS**. + +Quick reality check for all the immediate naysayers; + +Member when we discovered the GameStop NFT landing page in May 2021? The one that evolved into the NFT marketplace? + +[member?](https://preview.redd.it/amxf4bji0t4a1.jpg?width=749&format=pjpg&auto=webp&s=95509782864e21a308a516ff318fab9f1be4ab10) + +And member when we discovered a series of easter eggs that led to the hidden bananya cat game game and this message? + +[member?](https://preview.redd.it/ntbh007k0t4a1.jpg?width=1280&format=pjpg&auto=webp&s=37c2297ea83c3f3944b5eb0ccb0b2fbc9866311e) + +Well the Ethereum contract listed on the official landing page was 0x13374200c29C757FDCc72F15Da98fb94f286d71e, **which just happens to be one of the many "GME" tokens -** [**Gamestop**](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +And the [solidity code](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code) for this contract has the same message from the website easter egg; + +[member?](https://preview.redd.it/iyth9x3m0t4a1.png?width=677&format=png&auto=webp&s=8d1d44b082fdf907b43b84477e12e4f86bacd935) + +And and it was [minted on May 25](https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d), the same day Ryan Cohen Tweeted '*Don't Try This At Home';* + +And and and the contract for this token has multiple interactions, all of which oddly failed due to lack of gas, including 3 directly [from](https://etherscan.io/tx/0x8d610998e2572692232c2abec0e3f491996b6b6c003e87d036253abab87216a1) Matt Finestone on Dec 2, Dec 4 and Dec 7, 2021; + +*tOkEnIzEd GaMeStOp ToKeNs ArE a NoThInG bUrGeR* + +Yeah, no, yeah, they're not a nothing burger. **They're a something burger.** + +# 2 - Tokenized Equities + +What the heck is even that? Well, officially; + +>[Tokenized equity](https://www.investopedia.com/terms/t/tokenized-equity.asp) refers to the creation and issuance of **digital tokens or coins that represent** **equity** **shares in a corporation or organization.** +> +>With the growing adoption of blockchain, businesses are finding it convenient to adapt to the digitized crypto-version of equity shares. Tokenized equity is emerging as a convenient way to raise capital in which a business issues shares in the form of digital assets such as crypto coins or tokens. + +In theory, they offer flexibility in and better access to fundraising, decrease restrictions that may genuinely hinder some businesses and bring all other benefits of blockchain to equities like verified voting, dividends, mergers, acquisitions, etc., but like all things, people can be shitty when given the chance. + +And this gives them a big chance. + +IMO DEX tokenized shares would be a great idea, but what we got was CEX tokenized shares. + +**And CEX is for dummies.** + +# 2.1 - BIS & Tokenized Equities + +In case you missed my [post](https://www.reddit.com/r/Superstonk/comments/z8c7nu/the_fed_is_not_the_final_boss_not_even_close/) on the Bank for International Settlements (BIS), here is a great [video](https://www.c-span.org/video/?313679-1/tower-basel) again of the author, Adam LeBor, of the book *The Tower of Basel*, summarizing the history and the current structure of the BIS. **Watch it.** + +He explains how the BIS is the central bank for central banks. What they say goes. + +**And what they're saying is that tokenized equities are meaningful and CBDCs are 100% coming.** + +\--- + +The following two documents are BIS's updated global legislation on crypto assets and **tokenized securities** from June 2021 and June 2022, respectively; + +\--- + +[**Consultative Document #1**](https://www.bis.org/bcbs/publ/d519.pdf) **- Prudential treatment of cryptoasset exposures;** + +https://preview.redd.it/7vp994zuge4a1.png?width=646&format=png&auto=webp&s=05bbba2af5be07cef1c7946fff03e375bbe1f1ba + +Ok firstlies, banks have limited exposure to crypto assets, yet banks face increased risks with the growth of crypto assets? Hmm. + +Secondlies, it is BIS's official stance that the risks involved are; + +* consumer protection + * Protect *who* exactly? Protect them *how?* from *what*? They conveniently left out any elaborations. I wonder why. +* money laundering + * Takes one to know one. +* terrorist financing + * See above. +* carbon footprint + * Fixed that. + +What's next? Oh wait, that's all they had... Terrorists and energy consumption. Fucking L-O-L. + +https://preview.redd.it/hs7q5mijhe4a1.png?width=624&format=png&auto=webp&s=65ce59cc13cd91f6ba0e7087db2e262d73ad187c + +**The BIS says tokenized assets must have adequate reserves.** Take that, SBF. + +https://preview.redd.it/p5vcblq7ur4a1.png?width=702&format=png&auto=webp&s=f746c498185d9b7008d921f891571cf4112361fb + +*"If you (any Central Bank) even* ***look*** *at anything crypto, we have legal access to your books, because fuck you, we're the BIS.."* + +\--- + +[**Consultative Document #2**](https://www.blocktrainer.de/wp-content/uploads/BIS-Bericht-2022.pdf) **- Second consultation on the prudential treatment of cryptoasset exposures'** + +https://preview.redd.it/cxg0zht8wr4a1.png?width=667&format=png&auto=webp&s=621a22f81f06a9819d63176c5feb57c722f05db9 + +*"We're still worried about being out of a job but don't want you to know we're worried about being out of a job."* + +"*Also tokenized assets are for real for real."* + +https://preview.redd.it/83dgn8szxr4a1.png?width=747&format=png&auto=webp&s=f9e3f83ec3a224a2a9dab242facfc45d3630b04b + +Look, there's a whole whack of legalese that, to be honest, is well above my pay grade, however the point I want to emphasize is simply that the bank of banks has been working hard to define crypto and tokenized asset definitions, exposure limits, risk calculations, etc. + +If someone ever tells you these assets are just fluff, show them these documents. + +# 2.2 - Project Helvetia + +[SIX? More like DIX amirite?](https://preview.redd.it/j1dakpcf1t4a1.png?width=475&format=png&auto=webp&s=8b4b1dd85258a9e4cf6c2c31b28a43fb1b468216) + +[Project Helvetia](https://www.bis.org/publ/othp35.pdf) (Latin for Switzerland) is a **joint experiment** by the **BIS** Innovation Hub (BISIH) Swiss Centre, SIX Group AG (**SIX**) and the Swiss National Bank (**SNB**), **exploring the integration of tokenised assets** and central bank money on the **SDX platform** ^(see below) + +Quick recap on these 3 entities; + +* *BISIH* **identifies**, in a structured and systematic way, **critical trends in technology affecting central banking** in different locations, and develop in-depth insights into these technologies that can be shared with the central banking community. +* *SIX* **operates the infrastructure for the Swiss financial centre.** The company provides services relating to securities transactions, the processing of financial information, payment transactions and is building a digital infrastructure. The company is [owned](https://www.six-group.com/dam/download/company/report/annual/2021/six-annual-report-2021-en.pdf) by \~130 domestic and international financial institutions (can't find specifics?), which are also the main users of its services. (Like the FED?) + * SIX [Board of Directors](https://www.six-group.com/en/company/governance/board-of-directors.html#shareholding), [Governance](https://www.six-group.com/en/company/governance.html), [2021 Annual Report](https://www.six-group.com/dam/download/company/report/annual/2021/six-annual-report-2021-en.pdf) + * [**SDX**](https://www.sdx.com/) \*\*(\*\*SIX Digital Exchange), "*the world’s first fully regulated Financial Market Infrastructure offering issuance, listing, trading, settlement, servicing, and custody of digital assets"* +* *SNB* \- Swiss Central Bank + +Wait a second, a lof of Switzerland happening here? **Isn't that where FTX had its custodian CM-Equity AG "*****hold*****" it's "*****stock reserves*****" for its tokenized stocks?...** + +u/tjoma90 I would love to know your thoughts. [Post](https://www.reddit.com/r/Superstonk/comments/yyj1gz/german_dd_research_on_cmequity_ag_and_all_ftx/) for reference. + +\--- + +I won't go into the all of the details because that's not what I want to focus on (totally not because I don't understand it...), but the TL,DRS is that **BIS, SIX and SNB have** **~~conspired~~** ***cOlLaBoRaTeD*** **to create** **a private,** **permissioned, peer-to-peer blockchain for central banks with hierarchical access to the ledger and SDX as the central authority**. + +https://preview.redd.it/66prae3lgd4a1.png?width=399&format=png&auto=webp&s=ad881ce76d91cc907356903e5383c8ecded13115 + +[Yeah, this is going to be fine. PAUSE NOT!](https://preview.redd.it/cuxechsq1t4a1.png?width=529&format=png&auto=webp&s=525b6b54fe8bbbddfd4c4804101f22de32249d8f) + +https://preview.redd.it/opj0yah9cd4a1.png?width=469&format=png&auto=webp&s=0cffdbcbf327d4da1070f0f99269d8fa6d1e0931 + +https://preview.redd.it/8lfqhp36nd4a1.png?width=541&format=png&auto=webp&s=6e801c472942ee62b7769dc902cadf5b9cb985b4 + +There you have it folks. **Don't ever let someone tell you that CBDCs aren't coming or tokenized assets are meaningless.** Here you have the tippy top of the pyramid of modern global financial institutions discussing the topics, and how they [**already went live**](https://www.ledgerinsights.com/six-digital-exchange-sdx-first-digital-assets-this-year/) with part of their ~~intervention~~ *solution to stay modern* **back in** **November 2021.** + +[\\"we need to change the laws to allow CBDCs\\"](https://preview.redd.it/io3gc75o2e4a1.png?width=579&format=png&auto=webp&s=7a79987467db1f016da44b130631a80a7cdf6ccd) + +[\\"we need to change the laws to allow CBDCs\\"](https://preview.redd.it/0tbdta6p2e4a1.png?width=558&format=png&auto=webp&s=476d27dc6521560ed0bde7ec8e91fa8a5391e63d) + +Aside from the mechanics of their proposals, let's look at the language they use in the following legal sections; + +[\\"CBDCs won't be bad at all!\\" ](https://preview.redd.it/khc2j89q2e4a1.png?width=522&format=png&auto=webp&s=325bfaabbbe2862a9ded67704973bbd7504bfd59) + +[\\"we will need a global effort to change all the laws to allow CBDCs\\"](https://preview.redd.it/cxxg6sdr2e4a1.png?width=534&format=png&auto=webp&s=5b4bc72075037b3270660be139a3ffb4641edc42) + +They want CBDCs, **badly**. + +Why? IMO they saw the writing on the wall. "Join or die" is ever prevalent in this transition away from fiat currency to cryptocurrency, and CBDCs are a last-ditch effort to "compromise". Well, tough luck asshats, you're trying to offer better horse-drawn carriages when Henry Ford has already showcased his automobile - the Ford Broncass. + +**No thanks. I'll take the car.** + +# 3 - Uniswap Liquidity Pools + +Before we hop into the matter at hand, we need to review what **Uniswap** is. The mechanics are not overly important but you'll see why this is relevant in section 4. If you know what Uniswap is or don't care about its mechanics, skip ahead. + +\--- + +**Uniswap is a decentralized cryptocurrency exchange (DEX) that facilitates automated and permissionless transactions of** [**ERC20 tokens**](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/) **through the use of smart contracts.** + +It's like a currency exchange booth at an airport except it's decentralized and you exchange Ethereum tokens on the blockchain rather than cash, and you pay a **very** small fee (\~0.3%). Meaning if you wanted to exchange $1,000 of XYZ token, it would cost you around $3. All automatic, trustless and guaranteed by math. + +Traditional exchanges price assets based on the *order book* model, where all bid and ask prices are recorded and once there's a match, a trade is conducted. In this model, liquidity is determined by the amount of offers on both sides of a trade and the price of the assets is based off of the most recent trade. + +Uniswap prices assets differently. Rather than having the last trade determine the price of an asset, **a deterministic mathematical formula is used, called an Automated Market Maker (AMM).** Assets stay in liquidity pools, which are a shared pool of assets deposited by liquidity providers (LPs). Why would you want to become an LP? Pretty simple - because you can collect fees. Anyone can create a liquidity pool or become an LP. + +More specifically, Uniswap uses an AMM called **Constant Product Market Maker Model**, which is represented as "X\*Y=K". This can get quite complicated but in a nutshell this means that any one specific liquidity pool has a constant ratio of assets, K, comprised of a pair of two tokens, X and Y. K is called the constant because the *amounts* of X multiplied by Y is always the same. + +If X is purchased from the pool, there is a lower supply making it more valuable, so the price goes up (**within that liquidity pool**). + +https://preview.redd.it/h7mi67891t4a1.jpg?width=1400&format=pjpg&auto=webp&s=af9d78987d34177f29b1014ba2acad03f0071d38 + +For example, let's say I want to make a liquidity pool with 100 apples and 10,000 oranges, so people who have either can exchange for the other, in this instance at a ratio of 1:100. Using the AMM model the constant K would be 1,000,000 (100\*10k). If person A buys 10 apples, there are only 90 left in the pool. Our constant has to stay at 1,000,000, so the cost for this transaction will be 11,111.11 oranges (X/K\*Y). This means person A would need to deposit 11,111.11 oranges to buy 10 apples. + +Ok yes yes yes math, but why do we do this? Well, **it's because the price of assets in liquidity pools are determined by how much you want to buy, not by how much someone else wants to get for it.** This keeps liquidity in the system without the need for external market makers regardless of the order size or amount of liquidity. If someone uses your assets to trade 10 times a day, that's a direct peer-to-peer, permissionless and **taxless** 3% ROI per day, 9% per month, 108% per year, etc. Not bad. + +This model makes it infinitely expensive to consume the whole amount of a certain token because algebra. If someone buys most of the apples, the contract just makes the next person pay more oranges for the amount of apples they want. This happens until someone wants to trade a bunch of oranges for apples and balance is restored. + +There have been 3 different formulas that Uniswap has used; + +**V1 Formula (Nov 2018) -** Trading of ETH to ERC20 tokens only + +**V2 Formula (May 2020) -** Trading of ERC20 to ERC20 tokens added + +**V3 Formula (May 2021) -** Adjustments to the math to incentivize providing liquidity + +# 4 - "GME" tokens + +From my previous post I thought there were only a handful of GameStop-related tokens. Well, I found a few more, as well as a buttload of sequential "GME" liquidity pools from Uniswap... + +|**Token Name**|**Supply**|**Uniswap Liquidity Pool**|**LP Contract Creation**| +|:-|:-|:-|:-| +|[Gamestop](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e)|0||| +|[GameStop Token](https://etherscan.io/token/0xcccf4a3440e22ae7f5dd6c691b56f56b4109a6bc)|100,500|[Uniswap V2: GME](https://etherscan.io/address/0xa483b75af801a666f09e516f2da71de9eae610f0)|[Jan 26, 2021](https://etherscan.io/tx/0x224ca3345efbe4f1b8d85c8c69af5eab8ec8cfcf0b58135f8ee11c25f589ce02)| +|[Wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496)|10,000,000|[Uniswap V2: GME 2](https://etherscan.io/address/0x2ad68a7aee76661b7f31bbac0147fb9e341aec30)|[Jan 26, 2021](https://etherscan.io/tx/0xe815d20487a6bb72f48836419e1997b162f0d6b93555696d49bdece3b3610b8f)| +|[GameStop](https://etherscan.io/token/0xb4d1ae6a19b9ac217a522264bc6d43263d3e5e39)|20,000,000|[Uniswap V2: GME 3](https://etherscan.io/address/0x6ca8cc19d48e28ebb91e43e2a720aa75ce5a522e#tokentxns)|[Jan 27, 2021](https://etherscan.io/tx/0xf15ed473a5384814d98afc2fd1c088563c10e464d1326deb68c111c70825b466)| +|||[Uniswap V2: GME 4](https://etherscan.io/address/0x1392a715d90c1b1e857ba136e4dec78ebab1f64a#tokentxns)|[Jan 27, 2021](https://etherscan.io/tx/0x339b0560b2dae8639830131105645590d7f8422e1fe79bf35bd15bfd1910190c)| +|[GAME-STOP](https://etherscan.io/token/0xdb3d6e48caab4d22b3e448afff98f05ee0ba76a2)|61,500,000|[Uniswap V2: GME 5](https://etherscan.io/address/0xd5d611ad3e8e3b91478f73dc768bc48779509250#tokentxns)|[Jan 28, 2021](https://etherscan.io/tx/0x8470fb9f4a142fcd5c3e58428155aa40fa81d3f95e7f2edc1db01aaa9d8d2726)| +|[GameStonk](https://etherscan.io/token/0xa4f635f8cee91f8ac1ff7b4163acf69617a37835)|21,212,121|[Uniswap V2: GME 6](https://etherscan.io/address/0x015af781ebb2d1dea0c09927164b327d716853ed#tokentxns)|[Jan 28, 2021](https://etherscan.io/tx/0xbee60faa238e6a883085a7180e2d9e89ad8ba3d7bfba30a88090d713c29cbabe)| +|||[Uniswap V2: GME 7](https://etherscan.io/address/0xfdfbbc9907dc223f1b4cd9dfb19b7efd02f4cbc4)|[Jan 29, 2021](https://etherscan.io/tx/0xf92be8e6bec7d6f3cb9230e241123479980ed1ccd42886d3177d3897f764fd81)| +|[GameStop.Finance](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590?a=0x806e128faea66172e77ceb86821e0a1fcaf5a669)|1,000,000|[Uniswap V2: GME 8](https://etherscan.io/address/0x806e128faea66172e77ceb86821e0a1fcaf5a669)|[Jan 29, 2021](https://etherscan.io/tx/0x87b1652092075ca3046df1dd34239d830e5057f6b30a9718168a9a61bbda0f6c)| +|||[Uniswap V2: GME 9](https://etherscan.io/address/0x3cdde7248c38f5c2fc4cb2c6967893f96c2aba84#tokentxns)|[Jan 31, 2021](https://etherscan.io/tx/0x61e6b9b63447119d5d4b3100b222d51ce9e6b1e3fb3aeaa6af76020b6c60c8a0)| +|||[Uniswap V2: GME 10](https://etherscan.io/address/0xa4662500606f265a9e5ac172f46f0c19e994dce1#tokentxns)|[May 12, 2021](https://etherscan.io/tx/0x60d091a2f36bf99253983906a57f12e2d672950b6a03f7be28a92fb551e26450)| +|[Gamestop NFT](https://etherscan.io/token/0x2cc0881c94dabba25cd00ff4cd1e0ff1e92436f1?a=0xeff36a4ecc2ac45c45447e0025899ad4eb945f29)|1,000,000,000,000|[Uniswap V2: GME 11](https://etherscan.io/address/0xeff36a4ecc2ac45c45447e0025899ad4eb945f29#tokentxns)|[May 25, 2021](https://etherscan.io/tx/0x867d5cfbc05c56f749aedb3b57d040aaf64b1450b0f28f1b53354c97b0c7398e)| +|||[Uniswap V2: GME 12](https://etherscan.io/address/0xa122820e399a05b1bd6827b8335575a8dd40376a#tokentxns)|[May 25, 2021](https://etherscan.io/tx/0xca6046d615923bc58d7dd7ab94477608a22f643b5a1e17201a4c28c36746e0d0)| +|||[Uniswap V2: GME 13](https://etherscan.io/address/0x7f6c6e5f9448e412f0ef51d4b9a855dd3d6d2332#tokentxns)|[May 26, 2021](https://etherscan.io/tx/0xa6fd9eb2250c8406495f98c7a0e8a53989fa4dd0e9f50e79415346f5bda029a8)| +|[Gamestop NFT](https://etherscan.io/token/0xdc81caf6aadc9fcc495200f8c7c759d45ed9897e?a=0x9871b07986322ebda563f01a3fad0c85efbb8089)|1,000,000,000,000,000|[Uniswap V2: GME 14](https://etherscan.io/address/0xbe5096b60047b4711531b0190c5c014e2063f546#tokentxns)|[May 26, 2021](https://etherscan.io/tx/0xa6fd9eb2250c8406495f98c7a0e8a53989fa4dd0e9f50e79415346f5bda029a8)| +|[GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d)|69,420,000|[Uniswap V3: GME 2](https://etherscan.io/address/0x66fc46c48522138b569516911f2efdc018b5f4dd#tokentxns)|[July 3, 2021](https://etherscan.io/tx/0xb054bd0abf7d4ba3f27b5ad0c89e6468fe1ff7a196a366f56d5f93179d9bd0f4)| +|[GME Coin](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7?a=0x375555b23685517cbcb410e68cc07af1f99bb1f8)|12,000,000|[Uniswap V3: GME 3](https://etherscan.io/address/0x375555b23685517cbcb410e68cc07af1f99bb1f8#tokentxns)|[July 10, 2021](https://etherscan.io/tx/0xc70a3acbf016ac226821df3dda9e14be0cce899c2aac7a2b985c92cfd7dbc2a2)| +|[Gamestop Inu](https://ww6.etherscan.io/token/0xefaf43c09475753e8d41ddc902173152beb65155)|1,000,000|[Uniswap V2: GME 19](https://ww6.etherscan.io/address/0xf3256521be2f602caeffaa472ef2d97ef704e6fc)|[Sept 29, 2022](https://ww6.etherscan.io/tx/0x4dfc2f37710921e42a449ed59b26cac4e4e97a0635d43438582279f356f67fac)| +|||[Uniswap V2: GME 20](https://etherscan.io/address/0x47dcded86ca22e70992052a52703c8126931e8a0)|[Sept 29, 2022](https://etherscan.io/tx/0xf5a6d13b94f0fd27fc597821bcafcbfa0a313f5be23e8b01d410685522356ec3)| +|[GAMESTONK](https://etherscan.io/token/0x8bd55a8243bfb120b7f9aeb4a270d9be0dff423e)|1,000,000,000,000|[Uniswap V2: GME 21](https://etherscan.io/address/0x488a031afd1dea642b8d077f4312fb230396521e)|[Oct 2, 2022](https://etherscan.io/tx/0x9c64f3687cb788be6006bcf22cfe900cb029205a9cb89995cf0434b0a30e5149)| +|[GME Token](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8?a)|1,000,000,000,000,000|[Uniswap V2: GME 23](https://etherscan.io/address/0xa67bc51561aef523aa268de9aea53765502ff1eb#tokentxns)|[Nov 6, 2022](https://etherscan.io/tx/0x38efd838e8073b2210a3b68b65b68fe3d86880f6da8536a4dd8b638f3f9ae0d5)| + +Fun facts: + +* Every one of these swaps involve Wrapped Ethereum because Eth is not an ERC20 token and Uniswap only deals with this standard. +* [*Gamestop*](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e)*,* the token and contract listed on the official GameStop NFT parking page currently [holds](https://etherscan.io/tokenholdings?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) 69,420.69 [GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) (\~0.1% of the supply) and 6M [GME Coin](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) (50% of the supply) +* Uniswap V2:GME 7 was [ENS registered](https://etherscan.io/tx/0xf92be8e6bec7d6f3cb9230e241123479980ed1ccd42886d3177d3897f764fd81) as "GameStop: Delpoyer" on Jan 27, and [sent 500k](https://etherscan.io/address/0xb6d320ee25b334070aad806638cb493fdbf30dc4#tokentxns) of [GameStop.Finance](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590?a=0x806e128faea66172e77ceb86821e0a1fcaf5a669) tokens to a contract called [PostBootstrapRewardsDistributor](https://etherscan.io/address/0x8d208815a43247a6313a52e512e9f9e767ea4492#code) +* Liquidity pool *Uniswap V2: GME 23* holds [**438 million %**](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8?a#balances) of the supply of *GME Token* +* The Uniswap icon and ticker is the same on all of the above tokens + +# 5 - Wrapping it up with FTX + +Ok ok ok, let me onceuponawrapitup for you. + +On Jan 26, 2021, [FTX minted](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9) 10M Wrapped Gamestop tokens, depositing 2.5M tokens each to 4 addresses; FTX Exchange, FTX Exchange 2, Serum Deployer... and a 4th [address](https://etherscan.io/address/0xef7d6661fae2082ef0cecd42b322a3960eb87f66)... **whose first order of business was to DEPOSIT THESE ('add liquidity')** [**INTO THE UNISWAP LIQUIDITY POOL**](https://etherscan.io/tx/0xe815d20487a6bb72f48836419e1997b162f0d6b93555696d49bdece3b3610b8f) **FOR THIS TOKEN.** + +**The following day, Jan 27, 2021, SBF himself** [**released**](https://twitter.com/SBF_FTX/status/1354383268657778689?s=20&t=TcvKVkzZtzf4ACLjm-_53A) **the "official" "tokenized GME" on the FTX platform, product "GME-0326".** + +**The same product that recently (pre-bankruptcy) had a** [**discrepency**](https://www.reddit.com/r/Superstonk/comments/yr3byw/gme_tokenized_stock_33_per_ftx/) **between the token price and share price.** + +**The same product that was possibly used as** [**locates under DTCC eligibility of hybrid securities.**](https://www.reddit.com/r/Superstonk/comments/yvg6bq/gme_tokenized_stocks_used_as_locates_under_dtcc/) + +**The same product that** [**can be used by JP Morgan for collateral.**](https://www.reddit.com/r/Superstonk/comments/yu8204/onyx_by_jp_morgan_allows_tokenized_stocks_to_be/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) + +**The same product that was included in the W5B-1230 FTX futures contract that increased linearly from $795 to $52.6k a few weeks ago** (outlined in my first [post](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/) section 4, ^(the screenshots of which look to be scrubbed? oh well hehe, I still have them saved hehe) ). + +^(Also, all FTX webpages now conveniently redirect to legal filings due to the bankruptcy, not surprising, but what's odd is even the multiple confirmed screenshots saved on) [^(the wayback machine)](https://web.archive.org/web/20220000000000*/https://ftx.com/trade/GME-0326) ^(for this) [^(FTX webpage)](https://ftx.com/trade/GME-0326) ^(won't load...) + +Anyways, another point, "wrapping" a coin allows it to be used on a non-native blockchain. Wrapping a token is essentially swapping one token for another token in an equal amount via a smart contract, or code on the blockchain that can store and send funds. + +Why is that relevant? Because I can't find **anything** regarding GameStop on Serum/Solana/Synthetix/Kwenta, where the original Wrapped Gamestop token was minted, **or even in the ERC20 contract on Etherscan**, suggesting there is actually nothing "wrapped" about this token, it's not an actual wrapped token, **it just has the name "wrapped"** to have the *appearance* of being legitimate, and in addition to the intentionally complicated systems, cross-blockchain transfers, multiple Uniswap liquidity pools and more, is all likely just to obfuscate the data. + +\--- + +And going back to a specific section from document #1 in section 2a real quick (banking exposure to cryptoassets); + +https://preview.redd.it/9hqoctdbtr4a1.png?width=710&format=png&auto=webp&s=4cd82803df81977fd84ad4859731086e2ec7241f + +Wait wait wait, "redeemers" (holders) of cryptoassets (GME tokens?) backed by traditional assets (GME shares?) held in a bankruptcy vehicle (FTX?) have **zero credit risk exposure** due to that bankruptcy? Wow. How convenient. + +*tOkEnIzEd StOcKs ArE a NoThInG bUrGeR* + +Yeah, no, yeah, they're not a nothing burger. **They're a something burger.** + +\--- + +I probably need one more brief post following the specific transactions to link the tokens to each other, but the teaser for that is that the most recent token has 1 **quadrillion** tokens in circulation, yet the uniswap liquidity pool for this token has 4.383 **sextillion** tokens in it. + +That is 4,383,561,655,088,940,000,000 tokens. + +That's a lot of fucking tokens. + +Stay tuned. +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! + +Every single day someone comes in here and asks about ridiculous monetary-gifting workarounds to avoid paying gift tax. Unless you come from a very wealthy family, gift tax is not something you are ever going to have to think about in your lifetime. + +You can gift up to $14k per person per year without reporting anything. That means a married couple can gift a married couple $56k before any reporting is done. + +The giver has to report all gifts above $14k per person per year. Report, not pay taxes on. That's done on IRS form 709. + +Above $14k per person per year, you can give away $5.45M in your lifetime without incurring any sort of gift tax. + +Only once you have given away $5.45M above the $14k per person per year does gift tax come in to play at all, and then gift tax is paid for by the giver, not the receiver. + +So take that down payment from your parents, no one is going to tax anyone on it. + +There are of course edge cases and scenarios, but odds are you'll be aware of those if you're gifting at the frequency or quantity where they apply. The moral of the story is that **if someone wants to give you a large amount of money, you as the recipient don't have to worry about anything**. +28M making 250k a year here (medical sales). Very frugal, but definitely have my eyes on a nice car (80kish). + +What are your guilty (expensive) pleasures? +Hi all, + +Both my wife and I have jobs that are fully remote now and we’d like to move to a low/no state income tax state to help accelerate our fatFIRE goals. We’re living in a VHCOL area with high state income tax and high property tax so we’re hoping a move will help. + +We have children and we’d like to raise them in an upper middle class neighborhood with great public schools, that has ethnic diversity (maybe >10-15% non-white?), in a low/no state income tax state. + +Thanks! + +EDIT: My wife and I are both non-white and we both grew up in majority white towns (95%+) and we don’t want that experience for our children. 10-15% is the minimum and we’d like a higher % but understand a lot of upper middle class neighborhoods with great schools are overwhelmingly white (but know this is changing!) + +EDIT: We’re not looking for LCOL because that’s just not possible. Just looking to lower tax/expense burden to help get to fatFIRE quicker. +Hi all, I recently moved to the UK and am on a £45k salary. I’ve been at my job for 2.5 months now. Today is my third pay period. The last two pay periods I paid (roughly) £80 and £170 in taxes. However this pay period, it shows that I paid £417 in taxes - moreover on the payslip it also says I paid £417 to date. + +Is this an error with accounts? Or has something changed with the tax bands/thresholds? +My wife and I are both in our 30s with 1 kid. We are retired and the kid doesn't have a job either. We need great health insurance (our kid has medical issues) and we don't care what it costs. + +My cobra health benefits expire later this year. Public market individual insurance plans are not as good as what we have through my previous employer (no matter how much we spend). When I say "good" I'm mostly talking about access to the best hospitals/doctors with minimal interference from the insurer. + +We are looking at setting up a company with a group plan and hiring some relatives. My understanding is that with 3 employees I can get health insurance as good as my previous employer's plan and probably within a factor of 2 on cost. + +Has anyone done that? + +Then I was thinking if I was setting up a company, I might as well set up a non-profit foundation and pay for our health insurance with money we are getting a deduction on. I've also been looking at PPLI as an estate planning tool (we are over 23M) and it seems like there might be some synergy here (in California you can pay for executive life insurance with foundation money). Also we wouldn't mind actually giving some money away. + +Has anyone gone down this route and what was your experience? Any gotchas or obvious holes in this plan? + +--- + +EDIT: this was the answer for me. https://www.reddit.com/r/fatFIRE/comments/pesxbc/setting_up_a_fake_business_to_get_real_health/hb3519t/ + +--- + +EDIT2: actually the ACM plans are for individuals and are not group plans and so are not accepted by the hospitals I want. We're going ahead with the LLC. +The existing regulations that back student loans with government guarantees ensures that lenders and educational institutions have no reason to be responsive to economic conditions such as hiring rates, because there's no risk of default when issuing vast amounts of loans to persons with no income and no guarantee of future income, and four years of un- and under-employed graduates waiting in front of them. + +By allowing student loans to be discharged in bankruptcy, we'd see tens of thousands of persons (if not more, I haven't run exact figures) who have onerous student loan burdens file for bankruptcy and discharge that burden, reducing their personal debt and their debt obligations on an ongoing basis, while freeing up huge amounts of capital to finance current activities instead of past activities (that is, people wouldn't be spending $800-1500 a month on education from ten years ago, they'd be spending it on their current needs). + +The influx of spending from freeing up a huge portion of people's incomes from old, overpriced obligations made using outdated and inaccurate expectations would be a huge economic stimulus, and directed right at the people who actually need it - intelligent, educated persons who have the knowledge and ability to be successful but are burdened by costly student loans. + +We could establish controls, such as a cooling off period that disallows discharges prior to five years after graduation, or two years of unemployment, whichever comes first, to reduce the immediate impact and ensure students aren't just 'flipping' into bankruptcy as soon as they complete their education (which was never a problem anyway but used to justify government backing of student loans at the time). + +Yes, this would burden lenders such as Wells Fargo, Wachovia, and Bank of America who are big into student loans, but they were irresponsible for issuing those loans in the first place, and students are the least informed party to be making these kinds of massive financial obligations. You can't take advantage of poorly financially educated 17 and 18 year olds for decades without expecting *some* kind of backlash. + +This would also reintroduce tuition controls and responsivity of higher education to students actual financial situations - if you can't absolutely depend on banks issuing loans to students regardless of the Y-Y cost increases in tuition and fees, or the poor performance of the past four years of students produced, then you're very quickly going to be cutting out all the fat and dross from your institution and clawing back tuition and fees down to a level that is affordable and in line with our economic outlook. + +So, why is this the horrendously bad idea I'm pretty sure you're going to tell me it is? + +edit: Okay, so if you think it's a good idea, what can we do to implement it? +Edward Snowden's tweet on Coinbase's superbowl Ad is a reality check for Crypto exchanges, how they do business. + +Tweet +>Coinbase spending $16,000,000 on a Superbowl Ad to direct people to their website and $0 to make sure that website doesn't crash 10 seconds after the ad starts is do very internet + + +Exchanges are willingly spending huge lot of money on their marketing and all,but they don't want to spend a dollar to make sure their customer gets the best service.All they want is new customers. + +It's not just one exchange, most of the Crypto exchanges are doing the same.If they will spend even half of the marketing money to improve their customer service, improve their website,to give customers best experience they might get more customers. +I browse through here a couple times a week and it’s been a shit show for some time now. In the past I’ve been happy to make threads on content that I find interesting, but I’ve never asked you guys what you want to know or talk about. + +I’m happy to either offer insight or foster discussion on meaningful topics. I’m one of the incredibly few people here with hedge fund, investment fund, institutional expertise. A bit about me: I am an investment manager for 3 different hedge funds / asset management vehicles. I trade quite a lot. I manage traders. I hire traders and analysts. I receive macro and technical research from every corner of the earth. I know what quality looks like in that regard. + + I can also bring in people from my network for Q&As... everyone from pod traders to prop traders... former bank traders... to folks from the Market Wizards books. I’m happy to contribute quality content... I just don’t know what that would look like so let me know. + +I know what it DOESN’T look like however. So below are the list of things I am not going to touch or even engage upon (note this is not a comprehensive list): + +- What books are good for trading +- What is a good broker +- What is your strategy / what is a good strategy +- Are signals a good idea +- Is paying for education a good idea +- How much x% is a good return +- How long before I can become a profitable trader +Seems like a very powerful new branch of finance yet very difficult to grasp. + +If you do, how do you use it? Have you got any results from it? What’s the usefulness of it? +Hey, + +I turn 25 next year and have been blessed with a great job coming from no money. Helped my family buy their first home and want to start building my personal assets now. + +I want to best optimize myself to be financially free and my family as well. + +I bring in $12k/Mo post taxes and have about 5/6k in monthly expenses (rent, car, lifestyle, everything). I can drastically cut these expenses down too as I have no dependencies. + +I’m practically starting fresh going into the new year, with about 50k in investments last year that I can’t touch (startup investments, crypto, etc.) + +If you were walking into next year with a $0 portfolio, what would you do? What should I do? + + +EDIT: I really appreciate the candor around living low-key. I may go as extreme as moving in with my parents (given I help buy the place haha) and just hardcore invest over the next 2 years. Work is remote so I can truly be dramatic about expense management. + + +EDIT 2: For identity purposes I don’t want to share my career on this thread but happy to chat in DM’s :) +I’ve reached my breaking point. I can’t deal with it anymore, so I’m out. I quit. I quit my job last week so now I’m eligible to roll my 401k into an IRA and buy XXX more GME. Suck it, hedgies. + +And don’t worry, I started my new job today at a 25% raise so I can buy even more. You hear that, Kenneth? This drunk and lazy CPA actually took the time to update his resume and go through the interview process all to spite you. + +*end rant* + +Time for another beer 🍻 +Lots of posts on here about best fat splurges / toys ... generally these are very male focussed. + +(Inspired by mothers day coming up) I'm wondering what are the best things you've bought for yourselves (or for your other half) that are more female focussed. + + +ARB have announced a private placement with US institutional investors, see link below: + +[https://www.londonstockexchange.com/news-article/ARB/private-placement/14829631](https://www.londonstockexchange.com/news-article/ARB/private-placement/14829631) + +For those that have been under a rock and may have missed my earlier posts, ARB made record revenues and PROFITS from last year and is forecasted to do even better in Q1 and Q2 of 2021. The important part to see in the RNS is this: "The net proceeds of the Private Placement will be used by the Company for working capital and general corporate purposes, including the expansion of the Company's mining capacity in Q1 and Q2 of 2021". For some context, their Petahash was around 645, they recently increased this to 700 with new leased machines, and now with this breaking news, they will be increasing their Petahash to 1075 by end of February and 1685 Petahash by end of Q2. For anyone who may not understand this, all you need to know is that this expansion is big!! I expect a small dip (due to this private placement(, but then also expect a steady rise (due to mining capacity being increased) as the weeks/months continue. + +For people saying, "why do people always post tickers that have shot up 400% in the last week?", well here is a ticker that has actually down (17%) the last week. All-time highs were 135p and now it is trading around 95p. This was mainly due to people taking profits after getting in around 70p and I suspect this private placement. The stock has now consolidated forming nice support around 90p. This could be a good time to get in now as I have a feeling the price won't get any lower. + +Disclaimer: I own shares (not saying how much) at 6p and I've been averaging up (15p and 30p) as the fundamentals/share price improves. + +Just to finish, I am not advising anyone to buy this stock. You have to do your own research. Just wanted to share (in my opinion) a really good stock that I am long-on. +SPY seems to have run further than what is healthy from my point of view. The underlying macroeconomics do not support the recent move up and I believe we've gotten ahead of ourselves here. + +That being said, the market can be a pain for quite some time for shorties and we might see even further upside. A short at 410 with SL at 425 could be a good play though. + +&#x200B; + +https://preview.redd.it/ekscyovefv1a1.png?width=1428&format=png&auto=webp&s=b11f70e7fabab849f8c9a5267711a3cdd2870dab +I am expecting a windfall upwards of 10 million USD in the next 2-5 years. I currently live in Los Angeles, CA am considering being pro-active for tax purposes. I’m considering a move to a state with no income/capital gains tax (specifically Texas). Given the 13% long term cap gains tax, that could amount to $1-2 million dollars. I could grew up with a lower middle class background so these numbers are surreal for me. + +However, I love CA.. I love the weather, have a great social life, love the beach, and have a ton of family here. Which brings me to my dilemma: is it worth it? I believe I wouldn’t be able to move back to CA after the windfall anytime soon as they’d come after me. Would an extra 1-2 million in the account be more life altering than living in CA would? I understand this is a very personal question only I could truly answer, but it’d be nice getting some insight on how ppl with those numbers in their account feel.. ppl who have made it and are now on the other side +My (35m) car broke down and doesn’t run anymore and it’s gonna cost me $2800. I have $12k left on my loan. I’ve thought about just getting another car but My credit dropped a few weeks ago and I have no savings for a down payment, plus I don’t want two car payments. Really sux cuz I gotta rely on my gf for rides to work n home. Luckily she’s a ride or die and doesn’t mind at all cuz she says she gets to see me more. I work in education and make around $55k or so a year, but I am bad with money. My gf said she’d help me either way. Any advice on what I should do? +Citadel's $65B "Securities Sold But Not Yet Purchase" is based on 31 Dec 2021 stock prices. + +On 31 Dec 2021, GameStop closed at $37.10 + +At current $17.50, it will reflect 50% temporary reduction in liabilities. They are cooking their books. + +But it doesn't matter. We can lock the float faster. Buy and DRS! 🚀 +I’m jacked to the fuxking TITS. + +I love that guy. His writings are actually so well written. Can’t wait mate. Have a great day apes and remember not everyone has the greatest timing, that doesn’t make them a shill or compromised. I’ve let it wash over me. 10milli is my personal floor. + +Happy 4/20 - blaze it 🚀🚀🚀🚀🚀 + +NINJA EDIT: I do not know u/atobitt - rather I am a fan of the way he writes and presents English. + +He replied to me in a comment. I took it as “”DD coming soon.”” + +That’s all. + +I personally love you all. + +Don’t get hyped about 4/20 being a GME date, but remember - ALL SHORTS MUST MUST MUST MUST MUST COVERRRRRR!!!!!! + +💎💎💎💎❤️❤️❤️❤️❤️💎💎💎💎💎 +There's an elephant in the living room that no one wants to talk about, and it's the generational shafting of young people by baby boomers. + +Here's the way I see it. Tell me where I'm wrong. + +Baby boomers largely have not saved enough for retirement, but they have plowed nearly all their income into housing (because they wanted McMansions and because they bought into the hype that real estate would make them rich). + +This means America's largest cohort of people are desperately hoping that the price of their only asset class (real estate) shoots up dramatically to fund their retirement; otherwise they'll be working until they die and eating cat food. + +There's just one problem -- if baby boomers get their way, they're completely screwing gen Y and other future home buyers. Gen Y, already saddled with ridiculous student loan debt a variety of higher costs of living, is the target of baby boomer retirement desperation. Specifically, baby boomers want to force gen Y to fork over a high price for housing to fund their retirement. + +This is bad not only for gen Y, but the entire country. In what universe is it a good idea for the population of America to be forced into spending a huge of amount of its income into putting a roof over your head? If housing costs were low, that money could be plowed into productive, innovative sectors instead of the construction industry, Wall Street, and Home Depot, none of which are stable foundations upon which to build an economy, as we've all seen. + +The truly sick part of this is the government is conspiring with the baby boomer generation to fuck gen Y. The government is basically doing everything in its power to inflate the price of homes (tax credits, bank bail outs to encourage lending, backing loans through Freddie, etc.). + +Why aren't more young people pissed about this? Baby boomers and the government they control through their voting power are trying to take money from younger generations by forcing them to buy overpriced housing, all to bail out the boomers who didn't save enough for retirement. And what will gen Y do? Who cares! + +And what do you think is going to happen to the price of housing when the baby boomers finally do die off? I'll tell you -- the price of housing is going to crash. Read about the details here: http://www.informaworld.com/smpp/content~content=a789053981~db=all~jumptype=rss + +Why are America's young people so oblivious to being epically shafted? + +If you're young and don't yet own a house, you should hope with every fiber of your being that housing continues to crash so you don't get fucked by irresponsible baby boomers if you ever want to own a house. And if you do already own a house, I can empathize with your self interest to hope the price of your investment goes up, but surely you realize that you're screwing the next guy holding the bag. + +CLIFFS: Can you imagine the outrage if the government said "we're going to do everything possible to raise the price of food" because America's baby boomers all bet their retirement on food companies? You'd be pissed, because you have to buy food, and it's a sneaky way of taking your money and giving it to someone else who should have saved for their own retirement. Well, the government is doing exactly that, but with housing. And young people are too apathetic to care, or have even been brainwashed to think high food costs are good. Even if you never buy a house, high housing prices are passed onto you. +Hello everyone! + +Over the past week, even the past months I am being tagged in Superstonk posts because there has been a username confusion. + +The user you are looking for is u/elegant-remote6667 + +And not myself + +Unfortunately my karma is not high enough to comment here and therefore a lot of you are hoping for answers you will never receive, I also know nothing about stocks. + +Just wanted to clear that up have a wonderful rest of your days! + +Edit: can’t comment so imma answer some questions: I never minded being tagged, I just felt bad that a lot of you wanted stuff archived by u/elegant-remote6667 and were then seemingly ignored because I was the wrong person and every attempt I made to reply to correct you got blocked by the auto-moderator. + +This post was approved by a mod after I messaged them so thank you so much to them! + +I love that so many of you want me to seemingly join but I also get the vibe I’ve walked into a gingerbread house. + +Thanks for awards and for the link to a post from a guy asking to be banned which made me laugh 😂 I’m one of those folk that doesn’t interact with Reddit much and just lurks. + +I don’t know who Ryan Cohan is + +Edit 2: + +Couple of people asking what I mean by “walking into a gingerbread house” this is in reference to Hansel and Gretal, as in this is a trap (in a joking way ofc) + +Edit 3: + +Ironically I can now comment thanks to this post +&#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 time—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 isn’t about thinking about what could go right, but about what could go wrong. + +# Diworsification + +It’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 “diworsification.” + +&#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 ‘no.’ Indeed, Berkshire has about 40 equity positions, which doesn’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 company’s holdings were much smaller. + +It’s a bit like the now cliché quote from Buffett, “Be fearful when others are greedy, and be greedy when others are fearful.” 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? There’s certainly a lot of fearful people out there about that company’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 one’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 isn’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 one’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 better’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. Let’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. Let’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 investor’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 isn’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. That’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 do—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.