diff --git "a/reddit_finance_43_250k_120.txt" "b/reddit_finance_43_250k_120.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_120.txt" @@ -0,0 +1,10000 @@ + +So my grandfather was a very wealthy man with an own business back in the days, and he left his children and grandchildren (me) an heritage of each ~ 50 000€. + +I turned 19 a few months ago , so I could have this money transfered to my bank account theoretically. (It's stored on an extra account from my mother right now) + +The problem is, I'm **really** bad at managing my money, I have ADHD and so on I spend a lot of money very impulsive on unnecessary things like fast-food or a new phone. Though, I'm working with my therapist on this particular issue. + +But that's another story. So basically, I could do whatever I want with that money. You can imagine, I'm pretty overwhelmed of deciding what would be the right thing. + +A little bit about me first: + +* I'm one year ahead of my graduation (the german "Abitur") and recently I'm not doing that well in school unfortuantely +* I have a few ideas what I want to do after school, probably working as a lawyer or a detective +* As said before, I tend to spend a lot of money thoughtless, which already has brought me some financial issues +* I'm living with my parents, so I don't have any additional expenditures yet + +What I was thinking about, is investing **some** of the money somewhere. ("Let the money work for you") + +But I have little to no experience in doing so. + +Also, I definetly want to travel the world before I get to work. But I feel a bit spoiled just traveling the world with money I didn't earn by myself. + +So my question now is, how can I know what's the best? How do I handle this amount of money? Do you have any very important advices/recommendations for me? + +Thank's a lot! +You spent day and night reading endless DD and memes. + +You’ve watched hours of AMAs. + +You put in paycheck after paycheck trusting that complete strangers on the web would do the same. + +You didn’t daytrade when you could have made hundreds or thousands or millions. + +You believed in and invested even though you’ve never done anything like this in your life. + +A lot of you, including myself, are first-time investors in real stock beyond boring mutual funds. + +And then? + +You traveled from WSB to GME to Superstonk. + +You went through countless campaigns of FUD. + +You didn’t jump ship for other pumped stocks. + +The media has been against you. + +Family and friends and random strangers have called you insane. + +A crazy conspiracy theorist + +“Idiot” + +“Dumb money” + +An inexperienced individual that should leave investing to those who know how to invest. + +And guess what? + +They’re wrong. They were always wrong. Be it that they were bought by the system or fooled by the system, they’re about to realize regret for not jumping on the same ship you’re sailing. + +And you’re gonna change the world for the better. + +You’re going to write the history books as the perhaps the single most powerful event in which the masses conquer the criminal overlords at their own game. + +You’re going to make life better for your family and home. + +You’re going to smile as you put your sweet tendies to charity, healthier planet, and a more fair society. + +You’re going to have ability to choose things you’ve never had to choose before. + +And you know what? I believe in you to make the right choices. You’ve already proven you can. + +Enjoy the ride, apes. This hasn’t been a quick buck or an easy journey, but it most certainly is an exciting one. + +See you in another galaxy 🙌💎🦍🚀🌌 +Don’t know how to post pictures on mobile lol but I reached a goal of receiving on average a dollar a day. Want to reach 15k invested by June. Wish me luck. +Investing in cloud computing 5-10 years ago would've made you multiple baggers. + +I don't literally mean what will replace cloud computing next, but in your opinion, what is the next niche area like this that will explode over the next 5-10 years? + +Electric vehicles are obviously the hot topic right now but I am just not in on that bandwagon, so I'm curious to hear what y'all think could be next? + +Not even looking to hear about specific stocks just the industry but feel free to share those as well. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am 38 and 2-3 years away from fatFI. Generosity has always been a big thing for me but for the first time in my life it feels like I have more to play with in this space. + +There are a small number of people who were instrumental on the way here and I would like to thank them appropriately. Thinking of an older family friend who passed me magazines each week when I was a kid to stimulate the interests that eventually became the foundation of my career, someone else who volunteered to make an introduction a number of years back without which I would probably still be working for a wage. + +These people are not charity cases, but they are not focused on accumulating wealth either. As far as I can tell they make enough to get by, still have to budget carefully to make their $$ count and don’t have spare to throw around. I could just treat them to an amazing holiday all expenses paid, but I am trying to think of more meaningful (and potentially transformative) ways to say thank you. + +These are not people who are part of my daily life and neither even lives in the same country as me, so I am not worried about tempting them to become dependent but I do always prefer any gift I make to be one-off as it is just cleaner that way. +For over a year, she has politely indulged me in all my GameStop tinfoilery, not really understanding a word I've said other than "Stonk market go down, GME go up *bigly.*" She doesn't quite believe in my Bad Comedy Jokes, but she does believe in *me*. She watched as I confidently dumped nearly every paycheck into GME, as I pulled my shares from Wall Street; I smiled and laughed any time I told her how much lower the price had fallen. + +Back in May 2021, I told her I think there will be a stock market crash followed by a recession. This is a conclusion I reached independently, and that research is what brought me to SuperStonk (y'all speakin' my Changuage). The last couple months clearly has her thinking twice about my hypothesis. When the price fell to $100 this year, she finally decided to buy her first couple shares. + +Today, I turned on the stock market episode of "The Problem With Jon Stewart," and then I left the room and started getting ready for work. I wasn't sure whether she would pay attention, or just fuck around on her phone instead. + +When I checked in 30 minutes later, **she was** ***dialed in*** **to the program.** + +Jon was repeating the same shit I have been trying to tell her for a year, breathing life and legitimacy into it. He made it entertaining and palatable. He kept referencing the "apes" with love and excitement in his voice, the same way I talk about you guys. + +"If it's really this bad, why aren't people charging Wall Street?" She asks. + +"Wait for the Gary Gensler interview. Basically, they have so much wealth, they can lobby the government to do whatever they want... Most people simply don't understand how entirely rigged the market is." + +*Dave Lauer gets his final comment in.* "That's our guy, Dave Lauer," I say proudly. "He engages with us regularly on SuperStonk. When this is all said and done, we want him to head the SEC. We're submitting public comments on litigation and fighting to reform the market. *This* is how we charge Wall Street." + +"You might be right about all this," Mama Ape says. "What's the price right now? I wanna buy more shares this week..." + +https://preview.redd.it/nggy24v8hio81.png?width=700&format=png&auto=webp&s=8cc86642d463f5981b1944a3602d440a714e6b7e + +Thank you, Jon, for helping my mother across the finish line, completing her transition to Apehood. Mama Ape is retiring next year. She will receive a large financial windfall upon retirement... + +Thank you, Ken, for delaying the rocket long enough to bring my loved ones aboard. Keep this up for another year, I dare you--in fact, I'm begging you. My household will multiply its position 10x over and DRS every fucking share. + +No cell, no sell tbh 🏴‍☠️🦍 +with the outbreak of Covid19, the premier of my province in Ontario Canada just announced that if you cant afford rent due to Covid19 you cant get evicted. Who is going to foot the bill? Any Canadian landlords worried? any solutions? +It is a 2 family in NYC for 450k. My max for a 2 family is 550k. This place will require repairs though, the realtor recommended 200k of repairs. I dont need to make it absolutely gorgeous, just good enough to rent out one part while living in the other part. This is my first house. Thoughts? +The amount of support and feedback I received on my previous post was insane! I want to thank all of you for that, and since there was so much interest in these portfolio updates, I'll definitely be posting here every week. + +Previous post: +https://www.reddit.com/r/thetagang/comments/j1m4vc/my_100000_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + + +Since so many people in that post typed "!remindme every Monday" I thought I'd post this 2nd update on Monday, but I'm actually posting my Portfolio Update videos on YouTube every Friday. Depending on your feedback I can also post here every Friday after my video comes out, or just stick with Mondays for Reddit. + + + +9/25/20 Ep.1 (Trades #1-10) +http://imgur.com/gallery/PP9lNH2 + +10/2/20 Ep.2 (Trades #11-19) +(http://imgur.com/gallery/liQPVZ9) + +*For some reason, after trying to rearrange the image order multiple times, and even re-uploading, Imgur keeps putting Update 19 as the first picture in the gallery. Update 19 should be the final picture. + + +I had a few comments last time say they preferred a more coalesced, easy-to-digest version of the data. My friend was kind enough to make me a spreadsheet which I've attached a screenshot of in this week's gallery. I hope it makes it easier to visualize the information. + +As always, I appreciate any comments, questions, and suggestions. Thanks! + +*EDIT* Here is the spreadsheet template that I use, in case any of you would like to make a copy of it and use it for yourselves. On the 2nd sheet, it also includes a calculator to help you reach annualized target rates. If you encounter any problems, please comment and I will try my best to assist. Also open to suggestions. +https://docs.google.com/spreadsheets/d/1ynGzkCEKH_YXemoHDkaqeBrWUIDHz8reN6O4mt5JMgc/edit?ts=5f7b9661#gid=0 + +*EDIT* Ep.3 is up! https://www.reddit.com/r/thetagang/comments/ja1feg/my_102627_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.4 is up! +https://www.reddit.com/r/thetagang/comments/jecdew/my_102729_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.5 is up! +https://www.reddit.com/r/thetagang/comments/jip1rg/my_103696_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.6 is up! +https://www.reddit.com/r/thetagang/comments/jmxnqq/my_103948_portfolio_revealed_wheel_options/?utm_source=share&utm_medium=web2x&context=3 + +*EDIT* Ep.7 is up! +https://www.reddit.com/r/thetagang/comments/jr7sbw/my_103372_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.8 is up! +https://www.reddit.com/r/thetagang/comments/jvh5n8/my_103692_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.11 is up! +https://www.reddit.com/r/thetagang/comments/k8z1uh/my_107170_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share +Over the last week and a half, hundreds of you have submitted comment letters on the proposed rule 13f-2 that would require anyone who manages money to disclose their short positions. This proposed rule is good, but it can be much better! That's the entire point of the comment process - make sure that the SEC hears from retail investors, instead of just from hedge funds and big banks. We've counted almost 550 comment letters submitted that are either the [We The Investors](https://we-the-investors.org) letter, or modeled after it. + +**The deadline to comment on these proposals is Tuesday, Nov 1.** + +Yesterday we hosted a [Twitter space](https://t.co/98wzVA5RGY) and Reddit talk to discuss another SEC proposal that was re-opened for comments - 10c-1, which would mandate transparency and disclosure in the stock loan / securities lending market. This would be a huge step forward, and is receiving a TON of pushback from the usual suspects. + +For these rules, we've put up a [website with instructions on how to file a comment letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter), guidance on how to write an effective one, and with a [pre-written letter for 13f-2](https://docs.google.com/document/d/1XTRlWph6ZWWho8aocT-u3HwJERVjM3ZvTbCwuYGIfqk/edit). We've added a guide on that site to the 10c-1 proposal written by /u/tobiasdeml \- we don't have a pre-written letter for 10c-1 but you can use the guide to inform your comment. If you choose to file the pre-written letter, it should only take 5 minutes of your time and I urge you to do so if you agree with its contents. I've linked to the Google Docs version of the letter above, but there's also an [MS Word version](https://assets.website-files.com/619e87e78bd4839a1f4090fa/634981ca446cd718aa38c25c_WTI%20Comment%20Letter%20-%2013f-2.docx). If you just want to grab the letter and send it, the instructions are simple: + +* The subject line must include the File Number. For this proposal, you should use this subject: "Comment Letter for File Number S7-08-22 Short Position and Short Activity Reporting by Institutional Investment Managers" +* Attach your comment letter, preferably as a PDF (alternatives include Word or Text docs). +* Send the email to [rule-comments@sec.gov](mailto:rule-comments@sec.gov). + +Note: For the Google Doc, please don't request edit access. You can download the doc as a Word or PDF doc, or you can go to File / Make a Copy - I can't give edit access to that doc! + +One thing I'd like to address - I've seen a lot of cynicism in the comments of posts about commenting on SEC rule proposals. Personally, I completely understand cynicism around this process. It's a multi-year effort that doesn't usually get the results we want. Part of that is because individual investors haven't been involved in the process in the past, and that has allowed the PFOF brokers and wholesalers to claim to represent the interests of individual investors. I can assure you that when you allow that cynicism to dissuade you from being involved, that is exactly what those firms want - they want to control the conversation with regulators. As /u/JonStewart explained - those firms are counting on you to not have the stamina for this effort. I don't think they understand what they're up against. +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! + +Hi Investors, + +I am investing in NSE India from 2018 and covering U.S market with Motilal Oswal S&P 500 for diversification and possible higher returns for retirement goal + +For some years, we have been getting the news of Bangladesh, Vietnam growing rapidly in Asia and Bangladesh exceeded india in per capta income already.So, I wanted to see how I invest in under valued stocks/ mutual fund for longer time and be a part of the growth and make good returns + +In this sub itself, there was post some 2 yrs back about investing in Bangladesh,Vietnam. For Bangladesh, there is no mutual fund or direct way of buying stocks were available. Vietnam investments can be done via "vested app" but its more costly and only one fund is available. + +Bangladesh is on track to become middle income country and also shifting the focus slowly from garments to other areas as well. The Stock market and rules seemed to be matured with companies like Marico, Heidelberg cement etc + +Any of us here or do you know anybody already invested in bangladesh stocks or intrested? + +Thank you ! + +P.S : Some links + +Recent take of HSBC + +https://www.cnbc.com/2021/06/09/hsbc-sees-diversification-opportunity-in-bangladesh-stock-market-.html + +Bangladesh At 50: Economic Challenges Ahead? | BOOM | Govindraj Ethiraj + +link to youtube + +Dhake stock exchange website + +https://www.dse.com.bd/ +Reading in the paper that house prices have gone up 10% over the past year. Interest rates have also shot up and it now hard to get any mortgage below 3%. + +How are people able to afford the higher rates and repayments. Are people stretching themselves to get onto the ladder, if so will we see repossessions this time next year. +Newbie investor here so this is my first federal election. How might the campaign and the results impact sentiment in the markets? Do campaign promises and polls throw TSX stocks for a spin? +Our DD is correct, GME is over shorted, all shorts must close, they haven’t, MOASS is inevitable\*. + +However, those moneyed interests who wish to prevent this have arrayed three approaches I am seeing which are poised to prevent the MOASS. I refer to these disparate parties as the Global Financial Elite (GFE) because they aren’t just the short hedge funds, but money makers, bankers, elected politicians, unelected appointed policy directors, and moneyed families with long histories of running the show, none of whom have any interest in losing their control or letting serfs like you or I into their club. It also sounds spooky and ominous, and that’s fun. + +Let’s jump into it - here are the three approaches they are moving to implement right now (and what we can do to stop them) + +&#x200B; + +# 1) Inflation combined with sideways trading + +To avoid being margin called, they tried punching GME down. Again and again we’ve shown when they knock the price down we buy the dip and merely expand their obligation. While they need their GME liability to decrease relative to the assets that back them, knocking the price of GME down doesn’t work. Inflation however, accomplishes the same thing. If the prices of everything else go up, but GME stands still, the effect is exactly the same. + +[Stonks go up, GME go sidewise](https://preview.redd.it/rmryc2k3vk181.jpg?width=1933&format=pjpg&auto=webp&s=8d6479c494c5d88bd0b5267f5b3f2cf4a0a167fc) + +Inflation has been used to silently erode and steal value away from average folk without them realizing for over a century, and the GFE are absolutely pushing for **policies** which will have inflationary effects so they can reap the benefits of this mechanic yet again, against GME. If GME rises 10% while the market (inflation) rises 20%, GME has been boxed down. We need to be aware of this and vocally fight against inflationary policies with the same vigor as we do more transparent approaches like naked short selling and dark pools. + +&#x200B; + +# 2) Capital gains on UNREALIZED GAINS + Inflation + +Taxing your gains before you even sell is how they intend to force you to sell your GME. Inflation is the tool that makes this work. If inflation raises the price of GME up 25%, then not only has GME lost value (per method 1) but now the government will tax you say, 40% of that rise. 40% of +25% is 10% + +Imagine paying 10% of your total GME value, just because inflation made GME go up a little bit + +Big XXXX apes who dumped a lifetime of savings into GME, now must come up with 10% their whole life’s savings every year just to avoid selling. Good luck. Many will have to sell some of their GME to do that. And they aren’t alone. Every single baby ape that scraped together the cash to become a X holder, or XX holder over the last 9 months will have to come up with 10% of that money in taxes – I know **I'm** not used to filing my taxes and OWING the government money (usually I get a return). The only place I (and many others) can go to get that owed money, would be by selling some of our GME stock. + +Ignoring for the moment how this forced sell off accelerates as inflation rises, this reduces the overall short obligations and creates very real sell pressure that guarantees that while stocks rise, GME won’t rise as fast, all without them having to put in the same amount of effort on their end. + +We can not allow taxes on unrealized gains. Already it is being floated as a tax on the rich, but that’s all a smokescreen. It’s designed to hurt GME owners both big and small, create sell pressure, punch down the price, and make GME an incredibly unattractive proposition for any new money – both from existing apes, and prospective ones. A benign law passed that 'only applies to the rich' is only ever one quiet amendment from going nuclear. + +# 3) The Federal Reserve wants to be granted the power to (naked)short stocks + +“Bullshit” I hear you say, but this is **not** conspiracy theory. + +A proposal written by Saule Omarova, [Biden’s nominee](https://www.washingtonpost.com/business/2021/11/18/omarova-occ-senate-hearing/) for the Federal Reserve Comptroller of the Currency, is tailor made to kill GME. [You can read here](https://wp0.vanderbilt.edu/lawreview/2021/10/the-peoples-ledger-how-to-democratize-money-and-finance-the-economy/) (written in Fed-speak, so get wrinkled or get frustrated) how it lays out a radical restructuring of monetary policy which truly deserves its own post. In summary, the Federal Reserve would be expanded and private banking duties would be taken over by the government. A Central Bank Digital Currency (CBDC) replacing the dollar would be created. Your new bank account with the govt could be credited newly printed ‘fedcoin’ (their words), and could also be ‘debited’ in *“rare circumstances”* when the government decided there was too much supply in circulation (yes that means government could take money out of your account for no other reason than inflation numbers being too high). But the truly crazy, shocking, and threatening to GME part of the plan is the Government’s proposed role in purchasing, holding, and ***shorting*** stocks. + +&#x200B; + +[Page 47 of the PDF](https://preview.redd.it/9jgezi6bxk181.jpg?width=1110&format=pjpg&auto=webp&s=f68a7916cc4a1fe9b1dfd58b71285427cd991f6d) + +With the pretext of ‘preventing bubbles’ like the subprime mortgages in 2008, the government would be empowered (and required) to short any security or commodity that they felt was being traded for more than it’s actually worth, *"for purposes of financial-market stabilization"* ^((pg7)). Effectively, the government would get to decide what each stock was worth, the range it was ‘allowed’ to trade in, and manipulate the market to get the result it wants. + +There is way more to this paper, and to this shorting program inside this 71 page document, but you get the gist. This policy would be the end of GME. It would never squeeze. **Any time the price rose for any reason, it would** ***"threaten the stability of the market"***, and the government would short it to an effectively unlimited degree. Who is going to margin call the US govt? The massive asset size of their balance sheet protects them against any liability like GME. Particularly if they have the license to manipulate the price and thus what the liability of having shorted GME is actually valued at. + +But even worse, this wouldn’t just mean new shorts, but buying these short positions off the books of Citadel and your favorite Hedge Funds – They would clean their books of these ‘toxic assets’ just like the government did back in ’08 with the toxic MBS. The government would be on the hook, the hedge funds would walk away scott free. + +Do you get now why I call the adversaries aligned against us GFEs? They aren’t just folks on Wall Street. Saule Omarova can not be confirmed. All appointees need to be scrutinized. She needs to be a household name and this plan needs to be front page. This plan was published October 19th (not a decade ago) and was intended to be read by moneyed cronies of the Vanderbilt, not for the likes of you and I. Do I think she has it out for GME? Not necessarily. But those who do want her in, want policies like what she proposes to be passed, and they aren't siting on their thumbs. + +These folks are moving against GME right now, quietly. And this is why [KennyG talks about ‘surviving another day’](https://youtu.be/B0iSJdzF5pw?t=84) because you only have to make it long enough for something like a 2008 bailout, 2022 Inflation that buys you another year or two, a 2023 Fedcoin, or a branch of the Federal Reserve empowered to literally short assets they decide put market stability at risk. + +\---------------------------------- + +In closing: Inflation, taxes on unrealized gains, and political appointees aren’t just bad policy, but a direct and targeted approach to save the GFE from GME. An NFT could kick off the MOASS tomorrow and all this becomes moot **– but there ARE plans to kill GME, they are in motion RIGHT NOW, and we cannot sit idle waiting on a trigger and allow those plans to move forward without opposition.** + +Start discussing, and familiarizing yourselves with these plans, what they entail, what they require, what their signs and milestones will be, so you can recognize them and inject them into relevant conversation. We stop them by knowing them, knowing to say ‘NO’ to them, and because we will be loud. We will be loud because many of us will know to reject them, just like many of us now know to reject to dark pools, payment for order flow, and naked shorting. Apes *together* strong. + +The fight is not over. They are losing the game so they are trying to rewrite the rules. Merely hodling the winning hand is no longer enough. +in T+2 are are going to see a massive covering of all the FTDs that were just created? + +Did a large fund have to dump their real shares on the market to counter the massive buying? + +Is next week the final kick off to the gamma question? + +All of the above? + +its really fucky out there, especially with all the news articles that have zero evidence being presented. +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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Would love to read what others think! + +**Hypothesis**: the volatility in oil will provide an opportunity to take a low-risk, high-reward position in the energy sector via CNQ in the next 2-3 weeks between $60 and $65. I qualify them as low-risk due to their high margins (lowest cost of oil extraction amongst majors) and large, diversified position within the CA market. + +**Business Highlights** + +* CNQ is Canada’s largest oil producer with a reserve life index of 19.8 years +* Solid management team and a diverse board +* Production is growing in second half of 2022 led by Clearwater assets +* They have a good safety record in comparison to peers (see SU) + +**Commitment to Shareholders** + +During the last earnings call, CNQ offered a special dividend of $1.50 to all shareholders. This is in addition to the $0.75 per quarter dividend that shareholders are already receiving. The CFO confirmed 3.3 billion in free cash flow remaining for Q2 after paying $900 million in dividends and $1.3 in capital expenditures. They finished Q2 with $12.4 billion in net debt after reducing it by $1.4 billion. + +The net debt is now below $15 billion. CNQ has created a policy that when debt is below 15 billion, it is to spend 50% of its free cash flow on shareholder returns. CNQ calculates its free cash flow as net of dividend commitments. This 50% can be spent on share repurchases (over 4 billion so far in 2022), debt reduction and special dividends. CNQ has further committed to increasing shareholder returns once net debt reaches 8 billion, which is likely within the next 4-7 months. + +**Analysts’ Take** + +21 analysts cover CNQ. 7 holds, 11 buys and 3 strong buys. + +RBC - $90 + +JP Morgan - $94 + +TD - $92 + +Stifel - $111 + +Goldman - $125 + +**Technical Analysis** + +CNQ hit a bottom at just under $60 on July 14 and is currently declining. If we get a double-bottom and a bounce off $60, that would be a bullish indicator (W-Pattern). + +**Price Range** + +* 52-week low of $40 was in Sept last year. By January 10, 2023 their new 52 week low will be $59. +* 52-week high of $87 was on May 31 when Russia suspension was announced by EU and WTI was at $115. + +**Risks** + +* Global oil demand could decline as interest rates rise +* Green energy activism causes disruption +* Iran deal could bring more supply into the market (officially) +I often see posts here that say something like “I paid off a loan and my credit score dropped X points! What gives?” And in the original post or the comments, more often than not the score in question is from CreditKarma. But here’s the thing: CreditKarma scores are hardly ever used by actual lenders to make decisions; pretty much only FICO (Fair, Isaac & Co.) scores are. CreditKarma scores have many of the same “ingredients” as FICO scores, but the mixture usually isn’t quite right. + +The model used for CK scores is called VantageScore 3.0; you can think of it as a slightly “off-brand” credit score that lenders don’t typically care for. I wanted to talk about some of the more glaring differences between Vantage and FICO scores – if you’re applying for credit (and not just monitoring), having “the real thing” is helpful. You might eat Kraft American Singles on a sandwich at home, but you wouldn’t bring them for an hors d’oeuvre at a wedding, right? + +* FICO scores consider ALL accounts (whether open or closed) in determining average account age; VantageScore includes only OPEN accounts. This is probably THE single biggest difference between the two models and the source of much of the frustration with CK that I see here. If you pay off an installment loan (like a mortgage, car loan, or student loan), the account gets closed. While FICO will still count it toward your average account age until it falls off, VantageScore won’t: the closed account immediately gets removed from the calculation, which might make your average account age fall and drop you a bunch of points! + +* FICO models only count hard inquiries – i.e. credit apps – from the past 12 months even though they appear on your reports for 24 months. By contrast, CK’s VantageScore will penalize inquiries for the full 24 months, and (at least in my experience) there’s little to no reduction of that penalty as the inquiries age; a 23-month-old inquiry seems to hurt CK scores almost as much as a 23-minute-old one. + +* With credit line utilization (the percentage of the credit limit owed as a balance) both overall credit balances and utilization at the individual account level matter. But FICO seems to count overall utilization more heavily, while VantageScore seems to be REALLY sensitive to individual account-level balances, to the point where just one account crossing a “threshold” might cause a large swing. In fact, I saw a post here today where someone wrote they lost 25 points (!) on CK when their overall utilization went from 1% to 4%, likely because an individual card crossed a threshold (even though this wasn’t directly stated). In FICO-world, since overall utilization matters more, that penalty would probably be much smaller. + +* With negative entries – late payments, collections, etc. – it seems (from my research) that FICO scores penalize old negative items a bit more than CK scores do. I don’t have any negatives on my own report to use as a data point, but I’ve seen a common thread online where people are unpleasantly surprised to find their FICO scores much lower than CreditKarma, often because of older negative items. Although FICO scores do have some leniency for old negatives, make no mistake: they will still “hurt” for the full 7 years they show on your report! *Edit: This may not be true in all cases as a blanket rule. In some cases, CK may score old negatives more harshly, probably depending on which FICO model you're comparing against.* + +Now, a couple caveats. There are several dozen different versions of FICO scores, some old and some new, some generic and some industry-specific. There are FICO scores specifically for car loans and for credit cards, for example. And mortgage underwriting uses a pretty old FICO model (2004-ish). FICO scores aren’t a monolithic thing, in other words. + +Also, CreditKarma can still be useful even though the scores it gives you aren’t “real.” CK is free (biggest plus!) and pretty decent for monitoring changes to your reports or giving you a rough idea where you stand in terms of credit risk. Above all, just don’t take CK as gospel; remember that they’re a marketing company first (by selling your data to lenders) and a monitoring service second. + +tl;dr – CreditKarma scores aren’t the real credit scores used by lenders, much like Velveeta isn’t real cheese. Don’t pay too much attention to your CK “VelveetaScore” except as a rough guide. + +edit: formatting +I'm reaching out to this sub, as well as people I know, real estate meet up groups, and biggerpockets for advice on formulating a concrete plan. + +I have $10k to start right now. But, I continue to save 50% of my income, as I moved back home to save. + +It seems like my best options thus far are partnerships, house hacking and BRRRR. I live in California and so buying here to start might not be a wise option. + +I plan to buy in another maket, perhaps the Midwest. I plan to reassess in a few years to see about trading smaller properties for fewer bigger ones. + +What do you guys think? What's the best way to do this? Should I look for 20 properties at $250 per door or see if I can put more money down for 10 properties at $500 per door? Is this a crazy goal? + +Thanks in advance. + +Edit: Looks like this post got a few comments. SO! Here are my thoughts: Whenever you create a goal and explicitly put it out for the world to see I notice two things: some provide encourage that it can be done and some temper expectations that it cannot be done. Both are invaluable perspectives, and I value them both. But, that means ultimately one is right and one is wrong. I think it is up to me now to choose which group is right. And I also invite you all to create this same goal for yourselves. If you have $2k per month now, bump it up to $5k by 2025. If you have $0K now, then you're like me--go get that $5k. We are all going to be 6 years older in 2025 anyway, let's have a little bit of passive income by then to show for it. Good luck! :) +Anyone buy mountain/cabin properties out of state and either build on them or run that as short term rentals? + +I'm from Florida and have always wanted to have a cabin or vacation home in the mountains. It's not feasible right now for me to make that purchase unless it is just an empty lot, a cash flowing property or at the very least covering a good portion of the mortgage, i.e. I can't afford a vacation home. + +Just looking to start a conversation with someone who is thinking of doing the same or has done the same. +Just a reminder that however big this is for GME over time, any official announcement today will most likely not trigger MOASS. Only one thing can prove beyond a reasonable doubt that the entire financial systems is fraudulent, and that's registering the entire float. + +I've seen posts speculating that a large amount of people don't want to post DRS proof for DRSBot. To those of you in this camp, thank you! You're some of the unsung heroes of this story. This isn't a group. There are no leaders. If you are concerned about possibly doxxing yourself then do not post. If you want to post for the bot's count, great! + +But please remember that the NFT Marketplace announcement will "believe it or not" most likely drop the price as SHFs shit their pants and naked short some more. Expect Same Shit Different Day until the float is registered. + +All I'm saying is let's keep our eyes on the prize: **registering the float.** + +Edit: I wanted to clarify one thing. I became more objective as I wrote the post and didn't double check the title. I don't know that DRS will be what triggers MOASS. Nobody knows what will trigger the MOASS exactly. My stance is simply let's not lose focus of the "cone + poo + chair" bread crumbs we've been left. DRSing shares was acknowledged for the first time in the last quarterly reports. I took that as support of our efforts. Once a full announcement comes out, I will reconsider at that time. Until then, DRSing share to ComputerShare puts the shares directly in your name and makes short hedge funds' lives chaotic. That's enough reason for me. + +&#x200B; + +PS - To any paid shills, you can still flip on your failing employer and report the crimes you're aware of to federal agencies. You may even be monetarily rewarded for doing so. There's even a law passed that employers cannot forbid such actions. If a smarter ape wants to fill out these details in the comments that would be great. + +Paid shills see here for details on getting paid: https://reddit.com/r/Superstonk/comments/rqri36/the_sec_has_awarded_more_money_this_year_than_all/ +**Tuesday** + +\- RBA monthly meeting, speech by governor Philip Lowe and his opinion on the economy + +\- ABS releases weekly payroll jobs and wages data for the week ending May 30 according to single touch payroll data (counts the number of jobs, not the number of people employed ie. people with 2 jobs) + +\- ABS releases residential property price indexes for Australia's eight capital cities, based on March quarter data + +**Thursday** + +**-** May labour force figures ie. unemployment figures. Expected to show a further deterioration in the labour market, with unemployment expected to reach at least 7.5% due to more people seeking work in the reopening economy + +&#x200B; + +Big impacts for the economy, indicative of the size and strength of the recovery, and forming a more representative picture of the impact COVID has had on the economy to date. + +What is everyone's outlook for the figures this week, and the broader implications? + +EDIT: the minutes for the RBA meeting earlier this month are being released Tuesday. The meeting has already occurred +We have a 2.5 yo and 7 months old. Just as we are ready to spend more money and have fun, we are facing the reality of most parents faced. The kids follow you everywhere. + +Could any of you recommend a trip where the kids have things to do? (I have my mom who I will bring to watch one of the kids but she struggles to take care both of them.) If I go to a major city, I know how to find temporary babysitter service but what if I want to do non major cities like Napa or abroad? Any suggestions? +[Nomi Prins](https://nomiprins.com/) has scheduled an AMA with us, taking place in June. + +Nomi Prins is a geopolitical financial expert and investigative journalist who sheds light on the dark corners of the global economy. + +She quit her job on Wall St to become a journalist and a bit of a whistle-blower. She was a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, and worked as a strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. + +She became an investigative reporter to clarify the methods by which monetary systems (like the central banks/Federal reserve) are manipulated to serve the interests of an elite few at the expenditure of everybody else. + +&#x200B; + +Ask away! +On a related note, we really need to fund ICOs in stages as they reach new milestones, not a lump sum at once. Will this ever become the standard or will FOMO drive all our decisions till we self implode? +Phone held up to his ear, in a gargled voice I hear “Hold on Buddy” + +Smoking one for him now writing this and can’t help but think… + +Thanks Dad + +I’ve been here since November, I was holding a bit for him… those shares never get sold. I gotcha X holders, in fact, my dad “Has you covered” as he would say… + +Edit: Grammar +I posted on another thread that I would write this post with the inside scoop on the repeated phone calls many of us receive, so here it is and what to do about it. Writing this post may actually hurt my business, but I believe people should know it. +First, I think the majority of these callers are unethical-just-about-legal-wholesaler-scams. However, not all of these calls are wholesalers and not all wholesalers are scammers. I personally worked for a scammer, but when I realized how unethical it was, I left. I use the wholesalers tactics, but I am calling as a legitimate investor looking to save us both money by purchasing with no agent fees. +How wholesaling works: Contact an owner who is open to selling their property, negotiate a price and get it under contract, find a buyer willing to pay more and sell it through an assignment fee or double close, pocket the difference. +Ethical way to wholesale: Be honest about your intentions, using a wholesaler is an attractive alternative to the MLS for many people. +Unethical way (which I think most wholesalers use): The typical phone call goes like this for an example 100k house: +WS: Hi Im an investor and want to buy 123 Main Street. +Owner: OK how much +WS: I can give you 85 cash and close in 10 days +Owner: Its worth 100? +WS: Actually Im an agent and Im looking at comps on the MLS and Ill send you comps showing its only worth 90, but there is no agents fees with us, no need to clean etc. +WS sends filtered comps to the owner, gets property under contract for 85. +WS then sends the property to his cash buyers list for 95k, and will lie to the owner to extend the 10 days closing time. If the WS does not find a buyer willing to pay higher than 85, he says that something came up on the inspection and pulls out. +How they get your information: +Your information is listed on the tax records, there are many sites who will make a list of thousands of names and export them on an excel list, and you can skip trace these lists to get phone numbers, emails etc. You would be shocked how much data is openly available on the internet about us all. +They then give these lists to cold callers, often kids working for 12 bucks an hour pretending to be cash buyers, who use dialling services to repeatedly call numbers on the list. Alternatively they use texting services which auto generate the texts and they can text people as fast as their finger can click the mouse. +This is highly profitable, personally I think it should be illegal, especially as many of the wholesalers target elderly or families of recently deceased. I have sent emails to the media outlets and realtor ethics boards but nobody cared. +My advice is that if anyone calls you, ask if they have any intention to wholesale your property. Anything other than a straight and definitive no, means they are likely a scammer. Tell them to put your on their DNC list (do not call) and if they contact you again you will send the details to your attorney. The diallers most of them use have a simple DNC button that they can press and your number will be auto filtered from anyone using that dialler. This wont stop all calls, but should reduce it a lot. + +Edit: I thought it was clear, but I need to clarify that I am not a wholesaler nor have I ever been. I worked a low level job for a guy who was wholesaling, and when I realized that he was pulling out of contracts using the inspection clause (despite never having done an inspection), I quit. I am an investor now and I use some of the wholesalers tactics, I figure at least I am a genuine cash buyer so it’s better a seller talks to me than a wholesaler. +Work done till now: + +1. Start a mutual fund account with one/two AMCs and put money in the liquid fund. +2. Got health insurance. +3. Got life insurance. + +Now to the question of how to go forward about the monthly fixed/variable salaries. + +# Spending Pattern: + +The most basic rule of Saving/Investing is **Earn more, spend less.** If you are not doing that, no investment plan is going to get you off the ground. You are just digging a hole faster than it is being filled. + +Some more Terms: + +1. ATM card (=automated teller machine card). Basically, a historical thing. It was used in an ATM machine (please, I am not going to tell what an ATM machine is!!) to transact. Not available anymore, in a working condition. +2. Debit card (ATM card functions plus Can be used at merchant’s outlets namely stores, hotels, and online purchases). Since it has ATM card functions also, can be used freely at ATMs. +3. Credit card (this is not an ATM card but can be used at merchant’s outlets). + +* To use in ATM machine: please use Debit card ONLY. Never a credit card. +* To use for shopping: please either use Cash or slightly prefer a credit card than a debit card. Basically, cash > credit card > debit card. + +*How they function:* + +**Debit Card:** your card is associated with your real bank account number. And the amount currently in your bank account is the limit for that debit card. So, if the account has 5,000 rs, then you can either withdraw cash up to 5,000 or make a shopping purchase for **up to** 5,000. If you accidently tried to do a shopping of 5,001, then it will be rejected on the spot. + +**Credit Card:** your card is associated with a virtual account, which has a limit. This limit is decided by the bank/credit card company (yes, American Express is an exclusive credit card company without an associated bank, while ICICI bank has both services). This virtual account works like a postpaid mobile bill. Whatever purchases you make are added up and you are presented a bill at the end of month. You are given 20 days to pay up that bill. If you pay within those 20 days (before last date) AND, this is really important, if you pay either the full amount or any amount **more** than the bill, then GREAT. You managed to use extra money from the bank at zero cost to you practically. Continue this always. + +Never pay only the Minimum Amount Due or even 1 paise below the bill amount. If you do that, you will incur heavy charges at the rate of 40% per year (which is at least 10 times your savings bank account interest rate). + +Better still, don’t own a credit card till you are financially savvy enough. **Use Cash and be merry.** + +**Rules of Thumb with all those Sales advertisements and Big Annual Sales days** + +**Rule 1**\*:\* If you get an impulse to buy something, put a 72 hour rule between the urge to buy and the actual buy order. + +*Sidenote:* New scientific studies have shown that the serotoninergic receptors take up to 72 hours to absorb the excess serotonin secreted when that buying urge gets triggered. I could have linked up those studies, but then this is all just scientific mumbo-jumbo to really convince you about the 72 hour period! There isn’t any such study known to me. Just kidding. + +**Rule 2**: Please delete all those shopping apps from your smartphone, namely amazon, flipkart, myntra, etc. + +*Sidenote*: You just need one app – Headspace for meditation during those buying impulses. Again just kidding. + +**Rule 3**: Start automated investment setups, so that your money goes away from bank account before you can even think about spending. + +**Flexi Rule 4**: How much to Save? + +Now that we have curtailed spending and have easy setup for investing, the basic question is how much you should save? + +**The basic idea is Save as much as you Reasonably can**. If that is 60-70%, good (Pattu does that, I do that). If it is 30%, well and good. If it is 10%, again decent, since it is better than 0%. Once you start seeing results of your savings, you will get better. With better incomes, and lesser spendings and more focus, the rate of savings will increase. Don't get limited on to 10%, since that is what I have seen most recommended - that amount is seriously insufficient. + +[Part 1](https://www.reddit.com/r/IndiaInvestments/comments/9ltgni/for_someone_who_is_absolutely_at_level_zero_in/), [Part 2](https://www.reddit.com/r/IndiaInvestments/comments/9lusap/for_someone_who_is_absolutely_at_level_zero_in/) +[Part 4](https://www.reddit.com/r/IndiaInvestments/comments/9lzdcb/for_someone_who_is_absolutely_at_level_zero_in/) +http://www.collaborativefund.com/blog/the-psychology-of-money/ + +Stumbled upon this article I thought this sub would appreciate. I found myself nodding in agreement as I read, often highlighting quotes and passages to revisit later. + +It consolidates many concepts around investing, frugality, simple living and financial independence that as someone who only recently subscribed to this mindset wish I could have read 10 years ago. + +And yet, as I copied the link to share with some younger acquaintances, it also seems like the type of article a younger me would have just disregarded immediately. Such is the irony, youth being wasted on the young etc. + +😏 + + +IMHO, no startup project needs 4 billion dollars to build their initial product. Even a supersonic passenger plane project (Boom Supersonic) expects to build their prototype for a mere fraction of the EOS raise. + +EOS will go down as the greatest heist of the Internet era. +A number of years ago I wanted, nay, I needed to do something to accelerate my time to being financially independent. This was basically me trying to turn frustration into something productive. I ended up looking into buying rental property. When I was initially considering buying a rental property, I had an easy time finding a ton of people trying to tell me what to do, but a hard time finding actual examples to think about myself. So I guess I'll post my experience in the hope that it's useful for people thinking about rental property as a source of income! + +## Phase 1: Searching for properties +I spent over a year watching properties before I finally pulled the trigger and bought one. What I did during that time was spent time researching neighborhoods, attending classes on how to be a landlord provided by a local non-profit that mainly covered federal, state, and local laws, and making sure I understood the local residential rental market sufficiently well to convince myself I wasn't tossing money out the window. + +As part of my search, I developed [this spreadsheet (note: I just converted this from an Excel spreadsheet, there might be minor formula errors in it)](https://docs.google.com/spreadsheets/d/15D5l6Xkyo8Acs9LLZ99RkvZd2JVosPaduxAMumFewJQ/edit?usp=sharing), which gave me a chance to make sure I understood roughly what I was getting into, and also let me compare potential residential property purchases easier. The basic concept was I was comparing the total cost of ownership (purchase, maintenance, PITI, selling costs, income) against a hypothetical 8% investment return if I just invested the money in the market. If a property on paper could beat that fairly high hurdle, I would consider purchasing it. What was a bit frustrating was the number of variables that went into my spreadsheet, few of which I had control over. In general, my approach was to underestimate expenses and overestimate things like vacancy rates. Other factors I considered included things like distance from home and work, and general neighborhood feel and quality. + +All in all, I evaluated 36 rental properties before purchasing one. 4 duplexes, 2 quadplexes, and the rest single family homes. + +## Phase 2: The purchase and initial updates +I ended up purchasing a 3br/1ba single family home on a short sale (the one in the linked spreadsheet above) for $175,000. One interesting note here was that the seller's realtor was doing the work pro-bono, and I used a real estate lawyer to purchase, so the total cost of the transaction was $900. There were many things to remedy, so I had saved up about 2 weeks of vacation and my plan was to take all of my vacation and remedy everything I could reasonably do for $5k. This turned into 2 60-hour weeks of work, and then 2 more weeks of 20 hours each (in addition to my normal work week) to get everything in shape for renters, and that wasn't even including the time my wife spent helping me. Basically every surface was modified, including drywall, carpets, refinishing wood floors, refinishing cabinets, refinishing wood trim, and many other minor repairs. The mortgage I was able to get required 25% down at 4.5%, so a down payment of $43,750. Since I immediately had to put $5,123 into it, this meant my immediate investment totaled $48,873. + +## Phase 3: Landlording +My process for evaluating potential renters included background checks, calling previous landlords, verifying employment, and meeting the renters in person. I had 2 landlords with decades of experience that I met through some of the earlier mentioned landlording classes that helped me decide on renters. The main lesson I learned here is that no matter how careful you are, you won't be able to avoid all potential problematic renters. I had 3 renters in the ~3.5 years I ended up owning the place, and there were issues on some level with all of them. My rent started at $1630 the first month, and increased slowly over time. + +I ended up owning the property for just under 4 years total. Here are the numbers from that time: + +| Year | Rent | Principal | Interest | Tax&Ins | Maint | Improve | Deposit | Cash Flow | Net Income | Hours Spent | +|------|--------:|----------:|---------:|--------:|-------:|--------:|--------:|----------:|-----------:|------------:| +| 2016 | $9,780 | $1,046 | $2,943 | $2,459 | $0 | $5,123 | $0 | $3,330 | ($745) | 248 | +| 2017 | $19,560 | $2,166 | $5,814 | $5,417 | $750 | $0 | $550 | $5,962 | $8,128 | 47 | +| 2018 | $20,040 | $2,264 | $5,715 | $5,730 | $1,100 | $0 | $0 | $5,223 | $7,488 | 59 | +| 2019 | $18,370 | $2,167 | $5,147 | $4,760 | $750 | $35,111 | $2,400 | $2,934 | ($30,009) | 342 | + +To be clear: + + * Cash Flow = (Rent + Deposit) - (Principal + Interest + Tax&Ins) - Maint + * Net Income = CashFlow + Principal - Updates + +Net Income isn't really useful, the improvements column wasn't something I could deduct immediately, improvements are basically treated as new investments that start depreciating on their own schedule, so I could only start depreciating a small fraction of them. Tax&Ins in the above table is just the property taxes. Income taxes were more complicated. Here's another table for it: + +| Year | Cash Flow | Bracket | Depreciation | Income Taxes | Carryover | +|------|----------:|---------:|-------------:|-------------:|---------:| +| 2016 | $3,330 | 28% | $3,872 | $0 | ($572) | +| 2017 | $5,962 | 28% | $4,079 | $367 | $0 | +| 2018 | $5,223 | 24% | $4,079 | $274 | $0 | +| 2019 | $2,934 | 24% | $4,435 | $0 | ($1501) | + +Note that the "Carryover" for 2019 is going to be subtracted out of the 2019 tax bill a bit later. + +## Phase 4: Selling +I decided to sell late in 2019 and managed to close before the end of the year. There were significant repairs made prior to the sale which I was allowed to deduct, and proceeds from legal action. Hey, how about another table (edit: I borked this table somehow, falling back to lines of text): + +Sale Price $248,500 + +Realtor Fees $14,910 + +Repairs/Imp $35,111 + + Net Legal $3,600 + +The adjusted cost basis for the property given the depreciation and repairs/improvements is $198,769. The adjusted sales price minus the realtor fees is $233,590. This means that I have $33,320 in capital gains after subtracting the remaining carryover from 2019. So my total taxes due are the capital gains at the capital gains rate, and depreciation recapture at my top federal rate capped at 25%, or: ($33,320 x 0.15) + ($16,465 x 0.24) = $8,949. There are various other modifiers to that tax bill, for example, I finally had unrented time, and there were other small deductions I could make that I'm not going into here, that bring my bill for 2019 to $8,455. This means that after the entire sale process, I netted $24,865. + +## Phase 5: Totals and comparison against total market over the same time period + +OK, so how did I do in total? I ended up making $45,914 on my initial investment of $48,873. Woot. + +If you remember from way back at the beginning, my hypothetical threshold was comparing the money I invested ($48,873) at a hypothetical 8% investment return. I'm not including the second round of improvements because they were basically put in place immediately before selling. I could also compare against how the market actually did over that same time period. OK, let's do all of the above. I bought the place in April of 2016, so we're using April 1 as the start date, so the first year was only 3/4 of a year. I sold a few days before the end of 2019, so I'll count 2019 as a full year. + + * If I invested $48,873 @ 8% APY, I'd have $62,260 + * If I invested $48,873 in VTSAX, I'd have $81,618 + * If I bought the property I did, I'd have $94,787 + +So I actually outperformed the crazy market over the past almost 4 years. The thing I haven't added in though is the 696 documented hours of time I spent working on the property and things related to the property. If I were to value my time at $20/hr, I'd underperform VTSAX. Yikes. + +I haven't actually filed my taxes yet, I got an actual tax professional to help me through this year's taxes, so the tax numbers are estimated but should be pretty close to the final values. + +TL;DR: Buy VTSAX +Meta bag holder here. down 50% from purchase price. Never thought it would be down so much this year. I though it was a solid blue chip company like APPLE and MSFT. + +low PE, lots of cash flow. great products. But now it is -20% again after earning. + +what is not so bad is I diversify and meta is only a small percent of my whole portfolio. But I still don't know what to do at this time point. + +Will you buy more? keep holding or just sell? +Hi I'm a 20 year old and new to the investment Forte. Most financial advice available online is for USA citizens and they keep suggesting a Roth IRA. What is a Roth IRA and what is its Indian equivalent and risks involved. +I'm currently investing $10K a month into ETFs doing a 75/25 VTI/VXUS split. + +so far I have $50K invested and plan to continue to invest $10K monthly for the next 5 years. I'm 30yrs old. + +Anything I need to do differently? + + +all feedback would be appreciated! +Hey Reddit, regarding investing into stocks, bonds & index funds. What is the best approach to diversifying your portfolio ? + +Currently I'm investing monthly and try my best to distribute it equally amongst the three categories. Should I focus on a specific one or keep diversifying ? My goal is to stay long term, whilst trying to be a part of a future wave to come. +Source: interview confirming Branson going through training + +https://youtu.be/BUi09sd9HsQ + +So a few days ago Virgin Galactic had a successful test flight to the edge of space with is VSS Unity spaceship. Afterwards Richard Branson did a interview in which he confirms he is going through training for his own upcoming spaceflight. No one knows exactly when but he’s always talked about hoping to go on his birthday which is July 18th. + +Successful test flight article: + +https://www.cnn.com/2021/05/22/tech/virgin-galactic-spaceflight/index.html +OK so there are tens of millions of shorted shares and if all apes stay strong together and all the meme bullshit comes true, I can sell a single share for millions? Where will hedgies come up with an amount of money that is higher than the US GDP? reminds me of the scene when dr. evil asks for an amount that doesn't even exist..and another q : why aren't the other WS/big fish all over this, why aren't they buying every share they can at such a low price? + +OK so there are tens of millions of shorted shares and if all apes stay strong together and all the meme bullshit comes true, I can sell a single share for millions? Where will hedgies come up with an amount of money that is higher than the US GDP? (c/p since it didn't let me post less than 250 characters) +Mainly on usd/cad. + +I’m pretty frustrated. I was using technical analysis to determine my position and got burned 3 times. + +I stopped trading at 3 pm and told myself I needed to regroup and see where I was going wrong. + +1) I reviewed different forms of analysis +2) looked at different indicators and why I made the trades I made + - I think after my first failed position I went in too quickly after seeing a bounce. I judge it as used repositioning itself but it was just support and resistance, the trend was downward. I was also entering into trends too late. + +I may not trade tomorrow I need to re-evaluate how I’m making my calls and see if I’m correct or not. + +How do you guys get over a loss? I know they are bound to happen but it’s pretty heartbreaking 💔. +Issue was caused by a hack on 3rd party bot trading platforms. Binance itself was not hacked. Basically, bots just started selling everything. Withdrawals are disabled while they investigate. See below. The issue has caused some unbelievable deals in the market (AST omfg). + +https://np.reddit.com/r/CryptoCurrency/comments/82pf9i/warning_issues_on_binance/ +Proof of Stake (enhanced security + interest earning) + + ~0.5% inflation (less than half BTC it's forks) to kick in + +Actual intrinsic utility value in being required for every singly ecosystem function (tx, ERC20s, computation, contracts etc.) + +Not to mention the privacy features & scaling capacity set to hit millions of tx per second via Raiden later this month. + +Also unique among the top 5 cryptos: Those involved with Ethereum are concerned with the tech. Not pumping. Not politics. Not twitter defamation. Not manipulation. +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! + +EDIT: Thanks everyone. I'm already updating info, adding links and so much more with all the new rabbit-holes you sent me down. I'm so happy. I'm not likely going to keep posting about it. I'll maybe post something when I go to build. I'm happy this has helped a few of you as well. Happy Juneteenth! + +&#x200B; + +A few of you may remember a [comment](https://www.reddit.com/r/fatFIRE/comments/dc7a8s/people_who_built_their_own_homes_what_features/f27awrl?utm_source=share&utm_medium=web2x) I had on here a while back. Well, here is my *current* document. I'm going to redact a lot of info that I think is not ready to be shared from lack of research on my part or is too personal. I would like advice in areas that you may have experience in that would increase efficiency, while maintaining a relatively low cost. I worry that a lot of you might see how my old comment was formatted and expect my doc to be the same...It's not. My comment was off the top of my head and a lot of my ideas are just in my head. I'm going to try to share a lot of that info though. Additionally, I'm not planning to build for another 6 years. So this document will likely change, same as my tastes, new tech, and the more research I do. + +**The biggest takeaway I can share without you reading this whole post i**s: *Think of every little detail you can when designing your home.* I have an acquaintance that designed and built a million-dollar home and after they moved in realized they forgot about storage (had to get 2 car lifts and build a deck-like-thing in the garage to fit all of their stuff) and has 2 living rooms next to each other, and another living room downstairs. Think about everything! Where do your broom and dustpan go? Your winter boots? Your InstaPot? Lawn Mower? Extra Blankets for drunk friends staying over? If you open your bathroom cupboards, can you still open or close your bathroom door? If you rearrange your room will your bed cover your plugins on that wall? If you have a dining room table and you pull out a chair, and someone is also trying to walk past you, will there be enough room? (LOL I just did this math/measurement last night. If I have a 4x10' table for 12, I need a 22x16' room to have enough space and not feel crowded). I'm going into so much detail because I only want to build this dream home once \[long pause\] once. + +# Net Zero Home Design Goals/Components + +This document was for myself but I have received *a lot of requests to see it*. I live in the US in the Central time zone so all of this information will likely be focused on efficiencies of that northern region of the US. Do your own research for building a home. And be sure you are going to live in the home for a good amount of time. + +## Efficiency and Planning are key + +To build a Net Zero home or Near Net Zero a few design elements are required to get the most **free** energy and to **retain** most of that energy. To be Net Zero all you really need is for the home to use less energy than the home produces annually. Not going for an off-grid setup, the Grid is required for my plan. + +&#x200B; + +* **Properly oriented**… + * **Roof**. The roof should be aligned to true south and at a pitch angle of 45 degrees (ideally at an angle that is equal to the latitude of the location), to collect the most solar energy, if located in the northern hemisphere. + * **Windows**. Most of the home's windows should be south facing, to gain natural sun heat in winter. + * **Overhangs**. All south windows will need overhangs to block the sun, reducing summer heat. ([Recommended Overhang Dimensions Calculator](https://susdesign.com/overhang_recs/index.php)) +* **Thermal mass** commonly concrete, brick, stone, and tile - absorbs heat from sunlight during the heating season. +* **Simple home design**, like a cube/box shape. This limits the surface area, reducing energy loss and reduces building cost. No, you don’t have to make your home a damn ugly box! +* **Tight envelope** aka a sealed home. + * Check local pricing on walls like **Structural Insulated Panels (SIPs)** and **Insulated Concrete Forms (ICFs)** compared to listed below Advanced Framing Technique. Could do a combination of Basement walls being IFCs and above ground walls being Adv. Framing. + * Likely will avoid SIPs as they have too many cons: manufacturer specific, remodel can be difficult, if it gets wet no framing structure as backup and requires framed walls anyway unless you cut into SIPs wall for wiring, which defeats its R-value benefit. + * Frame Walls 2x4 at 16” on center or 2x6 at 24” on center. **Use T-Wall and 2-Stud Corner framing** with a Drywall-Clip or ¼ to ¾ inch plywood backing. So Insulation can be put into cavities. Also, use an **insulated Header**. [(Info from 3 Easy Advanced Framing Techniques)](https://www.energyvanguard.com/blog/3-easy-advanced-framing-techniques) + * Place **OSB with an Air and Water Barrier** on the outside of the framed walls. Although the barrier should allow Vapor though so it can dry out when it gets wet. + * Next **install Sheathing** (treated OSB and Rigid Foam Insulation or something like RockWool mineral insulation) onto outer walls enclosing the whole home. Note: Zone 6 calls for a **minimum thickness of 3 inch ESP Rigid Foam with an R value of 11.25** or higher. Then tape joints. + * **Mesh Matrix is installed** next. Also known as a rain screen. This allows the exterior walls to dry after getting wet by letting air and water to flow through the matrix. + * Next **seal the home with a Positive Pressure Caulk Misting Machine**. ([Info from This Old House Features AeroBarrier Envelope Sealing Technology](https://www.youtube.com/watch?v=mnojUAYf-hc)) + * **Siding is finally mounted to the exterior**. May need to install furring strips to mount siding to. + * **Moisture Control, damp-proof all below-grade portions of the foundation wall and footing** to prevent wall from absorbing ground moisture by capillary action. Then place continuous drainage over the damp-proofing or exterior insulation to channel water to the foundation drain. Drainage plane materials include special drainage mats, high-density fiberglass insulation, and washed gravel. All products should be covered with filter fabric to prevent dirt clogging up gaps in the drainage material. [(Info from Dept. Of Energy)](https://www.energy.gov/energysaver/weatherize/moisture-control) +* **Balanced Ventilation** + * Be sure the energy-recovery ventilator (ERV) system exhaust fans cubic feet per minute (CFMs) match the intake CFMs. ERVs act as HRVs but help keep in-home humidity. **Bathrooms and Kitchen should be negative pressure zones while other rooms are positive pressure zones**, thus having passive exhaust for moisture and bad smells removed. A Recessed Exhaust or Supply Inlet for ERVs with an LED light looks like a cool idea for the bathrooms. + * Also make sure the heating and cooling units installed in the home match the required British Thermal Unit (BTU) needed. If way too high, your unit will cycle on and off frequently. If too low, your unit will overwork itself. Both will shorten the lifespan of the unit. Although, you will want to have more than the minimum required BTUs as south facing windows, kitchen appliances and multiple people can generate more heat. Having more BTUs is better, but don’t go crazy and add 20+% of what is needed. + * To calculate the General Purpose BTUs needed, use this BTU Calculator [https://www.calculator.net/btu-calculator.html](https://www.calculator.net/btu-calculator.html) + * **To calculate the true BTUs your home needs you’ll need to consider your Heat Loss Calculation**. Which is based on the square feet of exposed walls, windows and roof/floor surfaces, plus the type of insulation (or R-value) that each type/section has. Your contractor should know how to do this accurately. +* **Truly Efficient Appliances**, find Energy Star rated appliances at the bottom of the scale. Something like a $48 (449 kWh)/year refrigerator. +* **Efficient Lighting, light surfaces not spaces**. But also have ambient lighting in each room. Can-lighting is great. Make sure to distance lights based on coverage. Don't want too many or not enough. +* **Utility Options:** Electric billing will need to be changed to “Time of Day Electric Service” to take advantage of Off and On Peak hours. In my area range of kWh prices is currently $0.04 to $0.20 based on peak time. PV system must be <40kW or limit of no more than 120% of the average annual consumption, and receive a Check or Energy Credit of $0.07 per kWh. + * Charge EVs and Batteries (if no solar) during Off Peak hours and use Battery power / Sell excess Solar / use Solar power during On Peak hours. Buy and use Low, Sell High! +* **Home Battery** for Brownout or Blackout Protection as well as lower rates at night from power company. +* **Automation of lighting and appliances**. + * Be careful of the Jevons paradox where if something uses less power you use more of it thus using even more power than what was originally saved. + * Find an affordable system that can dim or turn off lights/appliances when not needed. + * I’m looking at the [ISY 994i ZW+ / IR Pro](https://www.amazon.com/ISY994iZW-Universal-Devices-Automation-Controller/dp/B07GNS1B7V/ref=sr_1_2?dchild=1&keywords=isy994&qid=1590453954&sr=8-2) Smart Hub by [Universal Devices](https://www.universal-devices.com/smarthome/?doing_wp_cron=1590453854.2428560256958007812500), with the [Insteon PowerLineModem (PLM)](https://www.amazon.com/Insteon-2413S-Serial-Interface-Dual-Band/dp/B002X8W4SI/ref=sr_1_5?dchild=1&keywords=isy994&qid=1590453954&sr=8-5), and other [Insteon products](https://www.insteon.com/products) like [Switches](https://www.insteon.com/wall-switches) and [Sensors](https://www.insteon.com/sensors-menu). According to some research I did, Insteon Switches will work without the ISY unit (this is great for a failed Hub or selling your home and not having to switch all your switches). + * [Sense](https://sense.com/) is a great device that can monitor your whole home's energy use and even give you notifications if something is unusual or is left on. +* **Efficient whole home Water-softener** + * The system should match water hardness and the amount of water used. + * If the system uses Salt, it should be one that detects if it “needs” to recharge, not one that recharges every night. + * Use a Reverse-Osmosis system at the kitchen sink for drinking and cooking water. +* Kachelofen (masonry heater) for decoration and secondary winter heat. (need more info) +* (Optional) Try to place all closets/storage rooms along exterior walls to act as an air barrier. A closet most likely does not need to be heated or cooled, this can help save on heating and cooling costs. + +## Components + +* Solar Panels + Power Storage \*\*\*\*NEED TO UPDATE INFO (Cost vs Cost + Rebates, Calculate Power Bill difference with “Time of Day Electric Service”, Use PowerSage site or [https://lp.understandsolar.com](https://lp.understandsolar.com/180409-mob-03-default/?lead_source=78f7086118fa05ed00f88d126b669e8e&tracking_code=commercialsolarguy) for quotes, and Any Installer should be able to provide an *Accurate* estimate of 10 to 20 years of solar generation including panel efficacy degradation factored in.)\*\*\*\* + * Roof angle should equal the latitude of the location. For me, that's 45 degrees. + * A 3,000 square foot roof with Asphalt shingles installed could cost $11k-$16k with a lifespan of \~20 years. + * A Tesla Solarglass roof would cost $59k + 3 Powerwalls $20k = $79k with a warranty of 25 years, lifespan of 30 years. + * Over 30 years the cost of Power and the cost of an Asphalt roof vs Solarglass roof would be as follows: + * Asphalt Roof: over 30 years 2 installs $11k-$16k each, 30 years of power bill $42,900. Low 30 year cost $64,900 to high cost of 74,900. + * Solarglass + Powerwall: over 30 years low cost 1 Powerwall $65,666 with no power bill, to high cost 3 Powerwalls $79,000 with no power bill. + * Over 30 years Asphalt roof and power bill would only be $3,100 less than the most expensive solar system. Solar system generates power, asphalt does not. Electricity costs could rise over 30 years making the solar system more profitable and asphalt more expensive because of power bills and the cost of oil will always rise (oil is nonrenewable). In addition after 30 years when the solar system needs to be replaced, the cost is likely to be much lower and the power generated from it is likely to be much higher. *None of this considers any government credits. Most credits end in 2021.* +* Heat Exchanger + * heat-recovery ventilator (HRV) or an energy-recovery ventilator (ERV) + * To determine the size of unit multiply square footage by ceiling height, divide by 60 and multiply by .35 = CFM. +* In-floor Heat using a heat pump + * Electric or gas? Electric is less costly yet has a hard time with heating quickly (in winter time) but has no risk of explosion or lower air quality. Electric may be best if paired with a Geothermal heat pump. I’m really not sure what to use in this application. Lots of conflicting cost and efficiency differences. +* Air Conditioner (AC) + * Need to look into ~~Multi-zone Ductless Mini Splits~~ vs High-Velocity Mini-Duct HVAC System. Mini Splits are ugly wall units, but allow room specific temp control. + * \*\*\*HVAC installer friend said, anything above a Seasonal Energy Efficiency Ratio (SEER) 14 in my area is overly efficient, due to only 2 months of the year being really hot. The higher cost of a SEER 14+ would likely extend the ROI too long. Conversely, my climate is likely to gain more hot weather due to the climate crisis. Having a higher SEER might be proactive. Having a properly sized system is key though. The same is true for a high-velocity system, just install a traditional duct system that is properly insulated. No need to pay extra for high-velocity with no added benefit. +* Proper Sealing and Insulation for Climate Zone 6 + * For Zone 6 Climate, All Heating and cooling components should be insulated. Floor (under basement slab) should be insulated at an R25 to R30, 2x4 or 2x6 wall cavity should be R13 to R21. Ceiling should be R30 to R60, but could be integrated with Attic which would be insulated at R49 to R60. Outside walls should be covered in an Air and Water Barrier Barrier and then have a continuous insulated Sheathing as follows, 2x4 studs a minimum of 2 inch rigid foam with a minimum of R7.5, while 2x6 studs a minimum of 3 inch rigid foam with a minimum of R11.25. +* Quality Windows and Doors + * Solid wood door will have an R-value of R-2 or R-3. An insulated steel or fiberglass door will have an R-value that is twice as good — generally R-5 to R-6, but in some cases as high as R-7. ([https://www.greenbuildingadvisor.com/article/all-about-doors](https://www.greenbuildingadvisor.com/article/all-about-doors)) + * Triple pane windows can get up to an R-value of 9 or 10. + * Doors should open into a mudroom/entry-way to help with their low R-Value. Kind of like a pressurized room before you enter outer space. You’ll have less energy loss that way. +* Appliances with low operational cost + * Note: **Induction Stovetop** is a must! If you don’t know about this tech yet it’s as accurate and quick as gas but powered by electricity with magnets. ([4 min video on it | PBS.org The Wrap](https://www.pbs.org/video/the-wrap-induction-cooking-31384/)) +* Geothermal Heat Pump + * Hoping [Dandelion Energy](https://dandelionenergy.com/) will have expanded to do the install. $40k or less should be a good ROI over 30 years. + +# Resources + +Here are a list of sites, videos, shows, whatever that informed me on a lot of this document. + +## Highly recommended resources to read/watch + +* [This Old House Season 40 Episodes 1-13](https://www.thisoldhouse.com/watch/this-old-house-tv?season=40&project=192731) +* [Pro2Pro Premiere: Exterior Walls That Exceed the Code | This Old House](https://www.youtube.com/watch?v=Hp6URfg7xxU&list=PLdtbM8pU-sjTXwxabk4Z9JSguZd_z3Ory&index=14&t=0s) +* [Pro2Pro LIVE: Window and Door Installation Master Class | This Old House](https://www.youtube.com/watch?v=pDa2yVaLXQE&list=PLdtbM8pU-sjTXwxabk4Z9JSguZd_z3Ory&index=15&t=0s) +* [The Twelve Essential Steps to Net Zero Energy with Ted Clifton (Clifton View Homes)](https://www.youtube.com/watch?v=SE0_CJKADPk&list=PLdtbM8pU-sjTXwxabk4Z9JSguZd_z3Ory&index=10&t=0s) +* [Recommended Home Insulation R– Values | energystar.gov](https://www.energystar.gov/index.cfm?c=home_sealing.hm_improvement_insulation_table) +* [Seal and Insulate DIY Guide PDF (12.7MB) | energystar.gov](https://www.energystar.gov/ia/partners/publications/pubdocs/DIY_Guide_2016.pdf?5e21-a8c6) +* [ENERGY STAR Most Efficient 2020 Criteria | energystar.gov ](https://www.energystar.gov/partner_resources/energy_star_most_efficient_2020_criteria?s=footer) +* [https://www.energy.gov/eere/buildings/zero-energy-ready-homes](https://www.energy.gov/eere/buildings/zero-energy-ready-homes) +* [Database of State Incentives for Renewables & Efficiency](https://www.dsireusa.org/) +* [Rethinking the Rules on Minimum Foam Thickness | greenbuildingadvisor.com](https://contractors.efficiencyvermont.com/Media/Default/bbd/2019/docs/presentations/efficiency-vermont-bbd-rethinking-the-rules-on-minimum-foam-thickness.pdf) +* [ADVANCED WALL FRAMING | Dept. of Energy](https://www.nrel.gov/docs/fy01osti/26449.pdf) + +## More Resources + +* Zone 6 Insulation Recommendation: + +|**Heating System**|**Attic**|**Ceiling**|**Floor**|**Wall Cavity**|**2x4 Wall**|**2x6 Wall**| +|:-|:-|:-|:-|:-|:-|:-| +|All|R49 to R60|R30 to R60|R25 to R30|R13 to R21|See Below|See Below| + +&#x200B; + +|**2x4 Wall**|**2x4 Wall**|**2x6 Wall**|**2x6 Wall**| +|:-|:-|:-|:-| +|Minimum R-Value of Foam Sheathing|Minimum Thickness of ESP Rigid Foam|Minimum R-Value of Foam Sheathing|Minimum Thickness of ESP Rigid Foam| +|\>R7.5|\>2 inches|\>R11.25|\>3 inches| + +&#x200B; + +* [SunAngle Software | Sustainable By Design](https://susdesign.com/index.php) +* [IFC Builder Magazine | May/June 2020 Issue](https://www.icfmag.com/product/may-june-2020/) + +# Don’t Forget + +Here is a list of things to check before buying land or before building/designing the home. A lot of this is likely my random thoughts and geared towards my own personal preference. + +## Things to note: + +* Soil conditions should be assessed by a geotechnical engineer. It should only cost a few hundred dollars. Don’t want the land to settle after the home is built. +* Check Land for title and easement. Questions can be answered by a title company, previous owners, and public records search. +* If the main windows are facing the road or a neighbor's house. Build an artistic tall wooden or stone wall around the property edge with bushes or some kind of trees to make it feel like you live in the wilderness. +* Have artistic or interesting designed walkways, arches for doorways. Having curves or some kind of design is better than every house having a rectangular cutout in the drywall. +* Any Equipment in the home (Water heater, plumbing, electrical…) should have ample room to work on and or be removed/replaced. Designing a room you can’t stand up in, can’t move something into/out of or you can’t fit it through a doorway/around a corner is a pain in the a$$. And will likely have repair people charge you more knowing it’s harder to work on. AKA, Think about the room you need to work on things, think about shutoff valves at any point of failure, and think about placing things near their use. Like, don’t put a sink on the opposite end of the home so you have to have over 100ft of drainage and supply pipes. + +## Personal Building / Room Notes: + +* Nothing less than a 36” door width. +* Nothing less than 9ft ceilings. +* No Popcorn ceiling, ever! +* Every room (not bathrooms) should have 2 or more Ethernet Ports. +* Kitchen, Living room, and Dining room should all be connected and be designed to have a line of sight from one room into another. + * Have a place to store mail and papers. As well as a place to take quick notes during phone calls. + * Have a long shelf or some kind of nice looking storage for mobile device charging. Picturing a long row of concealed plugins or USB ports. Some should charge at a low rate 1amp and others should charge at a high (fast charge) rate of 2+amps. Fast charging can shorten the life of your battery, so using low 1amp rates can extend the life of your battery. +* Install ceiling/in-wall speakers for ambient music (or announcements) in: + * Kitchen + * Bathrooms + * Living/Dining room + * Garage? (might just set up speakers on wall mounts) + * Outside? (might just set up speakers on wall mounts) +* The bar could be in the Library/Study room or maybe in the Kitchen/Dining room. +* A big mirror in the entryway for putting a coat on and checking hair and makeup before leaving the house. +* RainWater Catcher/Harvester System + * Use IBC totes 330 gallon x2 (660 gal) + * Winter proof / drainable + * This would mainly be used for garden and possibly toilet water (secondary supply). + * Look into a gray water system to also do something (water garden?). +* Bathroom should have a sit-down Vanity with daylight lighting, lots of makeup storage and versatile mirrors. +* Lawn should consist of local Microclover sod/seed. +Hi everyone, Happy New Year! + +I am comparing two investment opportunities which I have right now: + +- buying an apartment to rent in one of German cities with 3-4% rental yield (e.g. Frankfurt, Nürnberg, Karlsruhe) +- investing into broad world index (e.g. MSCI World) + +From the first glance buying RE in Germany with very low interest rates and letting tenants pay it off looked very sexy. +But the more I think about it and analyse, the more it looks like a very risky deal. +Apart from being a part-time job and being very undiversified and illiquid, I have 2 more concerns: + +- according to Bundesbank, properties in big German cities are now 15-30% overvalued (I don't want to buy high) +- growth of property prices in Germany might decline a lot (I don't want to sell low) + +According to [this](https://www.investopedia.com/articles/mortages-real-estate/11/factors-affecting-real-estate-market.asp) investopedia article there are 4 factors that have a big impact on property prices: + +- demographics +- interest rates +- economy +- government policies + +I tried to evaluate each factor separately and so far all of them look grimmy for Germany. +Please verify if my understanding is correct and share your thoughts. +And thank you for your time! + +###Demographics +According to [Destatis](https://www.destatis.de/EN/Themes/Society-Environment/Population/Population-Projection/Tables/variant-1-2-3-agegroups.html): + +- total population is projected to stay the same, decline by 4% or decline by 7% (depending on immigration, fertility, etc) till 2050. +- working age population (20-67 y.o.) is projected to decline by 11%, 17% or 23% till 2050. +- old age population (67+) is projected to increase by around 30% + +Taking above projections into consideration, the demand for housing in big cities has a potential to decrease due to: + +- a huge decrease in a working age population, which needs to live closer to work +- a huge increase in old age population, which will have less reasons to stay in big cities (e.g. closer to work) and more reasons to move to a more affordable locations (e.g. decreasing pensions due to a demographic shift) + +[Projections](https://populationstat.com/germany/) for population of biggest cities suggest that growth will remain (probably due to urbanization) but slow down significantly. + +###Interest rates +Interest rates are harder to predict, but it looks like they already hit the (psychological) bottom and furter decrease will unlikely drive many people to buy their own property. +There is very little room to go down, but a big potential to go up, which will lower the demand and prices. + +###Economy +It is hard to predict how innovations and productivity will drive the economy till 2050, but rapid decline of working-age population and rapid growth of old age population suggests that the economy as a whole will probably stagnate. +[PWC projections](https://www.pwc.com/gx/en/research-insights/economy/the-world-in-2050.html) suggest that emerging markets will grow and dominate the world economy by 2050, so investments might shift more from developed (e.g. Germany) to emerging markets. + +###Goverment Policies +It looks like rent cap in Berlin is only a beginning and other cities will follow the trend due to a rapidly growing rents. +So, this factor is also likely to slow down RE price growth. +Hi everyone, Happy New Year! + +I am comparing two investment opportunities which I have right now: + +- buying an apartment to rent in one of German cities with 3-4% rental yield (e.g. Frankfurt, Nürnberg, Karlsruhe) +- investing into broad world index (e.g. MSCI World) + +From the first glance buying RE in Germany with very low interest rates and letting tenants pay it off looked very sexy. +But the more I think about it and analyse, the more it looks like a very risky deal. +Apart from being a part-time job and being very undiversified and illiquid, I have 2 more concerns: + +- according to Bundesbank, properties in big German cities are now 15-30% overvalued (I don't want to buy high) +- growth of property prices in Germany might decline a lot (I don't want to sell low) + +According to [this](https://www.investopedia.com/articles/mortages-real-estate/11/factors-affecting-real-estate-market.asp) investopedia article there are 4 factors that have a big impact on property prices: + +- demographics +- interest rates +- economy +- government policies + +I tried to evaluate each factor separately and so far all of them look grimmy for Germany. +Please verify if my understanding is correct and share your thoughts. +And thank you for your time! + +###Demographics +According to [Destatis](https://www.destatis.de/EN/Themes/Society-Environment/Population/Population-Projection/Tables/variant-1-2-3-agegroups.html): + +- total population is projected to stay the same, decline by 4% or decline by 7% (depending on immigration, fertility, etc) till 2050. +- working age population (20-67 y.o.) is projected to decline by 11%, 17% or 23% till 2050. +- old age population (67+) is projected to increase by around 30% + +Taking above projections into consideration, the demand for housing in big cities has a potential to decrease due to: + +- a huge decrease in a working age population, which needs to live closer to work +- a huge increase in old age population, which will have less reasons to stay in big cities (e.g. closer to work) and more reasons to move to a more affordable locations (e.g. decreasing pensions due to a demographic shift) + +[Projections](https://populationstat.com/germany/) for population of biggest cities suggest that growth will remain (probably due to urbanization) but slow down significantly. + +###Interest rates +Interest rates are harder to predict, but it looks like they already hit the (psychological) bottom and furter decrease will unlikely drive many people to buy their own property. +There is very little room to go down, but a big potential to go up, which will lower the demand and prices. + +###Economy +It is hard to predict how innovations and productivity will drive the economy till 2050, but rapid decline of working-age population and rapid growth of old age population suggests that the economy as a whole will probably stagnate. +[PWC projections](https://www.pwc.com/gx/en/research-insights/economy/the-world-in-2050.html) suggest that emerging markets will grow and dominate the world economy by 2050, so investments might shift more from developed (e.g. Germany) to emerging markets. + +###Goverment Policies +It looks like rent cap in Berlin is only a beginning and other cities will follow the trend due to a rapidly growing rents. +So, this factor is also likely to slow down RE price growth. +I live in Denmark where, recently, an organization called "Good Money" has been trying to communicate to the public, that money are not created by the state, but in private banks. + +When customers take a loan in a private bank, the bank does not take the money from somewhere else, they create an account in their computer system, and register the account as having e.g. one million on it. None of the bank's own accounts are being subtracted a million, so essentially the bank is creating one million out of thin air. + +I was sceptical at first, but I know now that that is the way it is. I have met others who simply refuse to believe it. + +The problem is that most people have a basic understanding of money that has to do with cash, which needs to be printed, which is so difficult from electronic money, that they're essentially two different currencies. + +My question: Is this situation the same in other countries, that the general public simply has no idea that private banks actually create money every time they establish a loan? +Hi guys, + +I am really worried about brexit lately, especially after yesterdays' fiasco it starts to look like a hard, no-deal brexit is very likely now. However, I don't really see a lot of panicking in my countrys' media. Actually nowhere. Nobody is talking about imminent doom. + +I am not really educated in this, but to me it looks like a really big deal. If some banks failing caused such a collapse in 2008, wouldn't a massive economy - so closely tied to many other economies - failing cause a big collapse also? + +The reason I am so interested in this is that I will be in between jobs later this year in Lithuania, hoping to make another step in my career. I was still young in 2008, but I can remember how much pain it caused to a lot of people in Europe and how many jobs were lost. + +Someone more educated could calm me down maybe, just a bit? :D +It's been quite the decade since this subreddit was created, and I thought I'd reflect on how our personal histories inevitably shape our perspective on the world. + +If you "grew up" investing in the period this subreddit has been around, the total US stock market has looked like [this](https://imgur.com/21P3P31) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2011&firstMonth=11&endYear=2021&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100)). From Nov 2011 to Nov 2021, the market saw a real CAGR of over 13% while the largest financial shock was a 21% downturn that recovered within 4 months. If you "grew up" investing in the period this subreddit has been around, why would you invest in a globally diversified portfolio of 80% stocks and 20% bonds when the comparison looked like [this](https://imgur.com/Eeg7Pch) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2011&firstMonth=11&endYear=2021&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+US&portfolioName2=Global+80%2F20&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=48&asset2=IntlStockMarket&allocation2_2=32&asset3=TotalBond&allocation3_2=20))? You'd have given up 5% real return every year in service of diversification, or as it's often called these days, "diworsification." + +Had this subreddit been founded 10 years earlier, though, the first 10 years would have looked very [different](https://imgur.com/jV8lfAu) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2001&firstMonth=11&endYear=2011&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100)). From Nov 2001 to Nov 2011, the market saw a real CAGR of only 2% with downturn loss of over 50% that took well over a year to recover. The globally diversified 80/20 portfolio wasn't a fun hold either, but it offered a lower downturn of 44%. When measuring the relative performance compared to the US stock market, the globally diversified portfolio offered a [60% better return](https://imgur.com/RWCN8So) (3.4% vs 2.1%, [source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2001&firstMonth=11&endYear=2011&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+US&portfolioName2=Global+80%2F20&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=48&asset2=IntlStockMarket&allocation2_2=32&asset3=TotalBond&allocation3_2=20)). + +It's hard to overstate the psychological difference these returns can have on an investor's perspective. Even "basic" concepts like volatility have vastly different meanings in these two eras. The single best resource I can think of for getting into the mindset of what it is like to go through the stress of a real financial downturn is [this thread](https://www.bogleheads.org/forum/viewtopic.php?t=25126) at the Bogleheads forum. I can't help but empathize with the scenario of someone who *knew* the concepts of stay-the-course and "don't panic," but who also had to face the fact of losing a year's worth of retirement income in a single day. I am convinced that there is no amount of math or modeling that would have helped you sleep well at night during that terrifying period, month after month of falling returns with no knowledge of where the bottom would be or *whether it even existed*. + +This is to say that we are all the products of our time. We *know* the facts of investing: invest early and often, keep costs low, diversify, and, above all, **stay the course**. But living these facts, month after month, year after year, isn't easy. We know we should ignore the noise and disregard the financial media clickbait. But the noise is here too. It's in the Bogleheads forum as well. The noise is the collective investing perspectives of all contributors, all in large part informed by the financial environments those contributors grew up in. I don't mean this to target the US stock market in particular, but when someone recommends going 100% with a given asset, integrate the possibility that they have only ever seen that given asset rise or bounce back rather quickly. And when giving financial advice or considering your own portfolio, consider the financial environments that you've grown up in and ways you can find outside perspectives. +I hit my number but plan to coast/work until the world becomes safe to travel. (And given the inflation, I moved my NW target a bit, which can be easily hit in 12-18 months). + +My wife already pulled the trigger a few years ago and she basically read books, watch TV shows, and exercises. Also, she is taking care of most school chores, including picking up our (school-age) kids. Since the COVID, I WFH and am able to help do chores from time to time. + +Curious to learn from those who have already pulled the trigger, what's your typical day look like? + +&#x200B; +I made 6x my initial investment through consistent proper trading. Withdrew half of my account and was basically trading without risk (this was my thinking). + +One day I’d set a milestone for myself to reach. It was either trade 5 times with minimum risk or make 1 trade and go celebrate. + +The next day once the market made its moves I found that my account was nearly blown (so you can imagine which decision I made the previous day). To recover from my biggest loss, my brain told me to make multiple trades. Now I’ve blown my account. + +Now I don’t get sad(well maybe a little). I don’t quit but I take a break. Go back to the demo and relearn my lesson a thousand times if need be. For when I come back I will be better than before. +I received an unexpected sum and need advice on what to do with it. Here is my breakdown, if I’m missing something important please let me know. + +Current bank account + savings : $600 + +Windfall to 2nd checking account : about $48,000 + +Income: $0, I was laid off from PT job in March (Covid) and in 2019 filed taxes already for about $32k AGI while in grad school. + +I expect unemployment checks soon and the estimated: *$600/wk, edit * + +Estimated stimulus check (did have direct deposit for IRS in 2019): $1200 - tax + +Debt: +Student, currently 0% interest no payments required til I think fall? Total balance approximately $6500 + +CC (2), total approx $11,000 + +No-interest furniture debt : approx $2500 if paid at $65/month 2 more years (I have direct debit right now) + +Expenses: +-car insurance: $100/mo + +-payment toward mortgage (fiance owns the house): $400 if I have it + +-4 pets and nothing else major necessary besides food and toiletries. + +Goals: +-start my own local pet business , thinking of small business loan ? + +-save smart and grow money for having a family soon (getting married in a couple months) + +Thanks in advance for reading and helping ! +***BTW: THANK YOU*** u/bigdipper125 ***and*** u/docmob ***for offering to donate to me. It really helps me to get through these requests.*** + +It kills me when i see people unable to have nutritious and adequate diets because of their financial situation. While I have never been in poverty, I do budget, spending $50/wk or less on food for a family of 4 in New Jersey. + +Throw what stores are accessible to you (including food banks) and budget below and I will dm you. Or, even tell me what food you have in the house from a food drive and I will do what I can (oh, and tell me if you want advice or a plan). I can't guarantee responses but I will try. + +If anyone else has experience in extreme budgeting, leave a comment (: + +**RESOURCES:** + +* [https://www.busybudgeter.com/best-free-meal-plans-budget-friendly/](https://www.busybudgeter.com/best-free-meal-plans-budget-friendly/) +* [https://www.youtube.com/watch?v=LNoiOU3XpR0](https://www.youtube.com/watch?v=LNoiOU3XpR0) week of meals for family of 6, $42 +* [https://www.youtube.com/watch?v=hXntLW\_QYuw](https://www.youtube.com/watch?v=hXntLW_QYuw) week of meals $10, 1 person + +EDIT: Also wanted to add that See Mindy Mom and Frugal Fit Mom on YT have excellent examples if you don't want to comment. Also also, these will be weekly (with the ads) but feel free to ask questions. +I work a fairly high stress job but I’ve recently found myself getting frustrated and blowing up really easily this year and I’ve started to realize it’s the buildup of stress. During covid I’ve had a hard time destressing because I can’t take vacations and excercise is limited without the gym. What are all of you doing to de-stress? +**After a nice and exciting PreSale selling out 1.200 BNB in just 8 SECONDS**, NeverDrop successfully did the right tweaking after launch and is starting their first morning with green candles all over the place! Just be sure not to buy from one of the fake contracts that have already been thrown over the BSC! + +Their team has grown overnight aswell, very helpful mods, doing whatever they can - the spirit is right there and the chart show for it! + +Their mechanics are entirely independent of all those crappy forks you see out there. They developed custom code to initiate buy backs based on ***how much is actually sold!*** That means that instead of some super small buy after every sell, their contract triggers its buy backs if there is a dip created over a period of transactions so that it literally eats it. + +· Techrate Quick Check is complete - full audit on the way + +· No team tokens + +**· CoinGecko APPROVED ON FIRST DAY** + +· Blockfolio application submitted + +· Live on CoinSniper + +&#x200B; + +Take your time and give the project and team a closer look, you won't regret! I promise there will be tons of “Never This” and “Never That” hitting our screens within a week. + +&#x200B; + +**Taxes:** + +10% per transaction + +· 8% towards liquidity (5% BNB pool for buy backs, 3% to auto-LP) + +· 1% redistribution + +· 1% marketing + +&#x200B; + +📢 Telegram: [https://t.me/neverdrop](https://t.me/neverdrop) + +🌐 Website: [https://www.neverdrop.io/](https://www.neverdrop.io/) + +🐦 Twitter: [https://twitter.com/neverdroptoken](https://twitter.com/neverdroptoken) + +😏 Reddit: [https://www.reddit.com/r/NeverDrop/](https://www.reddit.com/r/NeverDrop/) + +📝 Whitepaper: [https://drive.google.com/file/d/16ll7gNYVqGxHye1Bun6ek7ab3tqR\_7ol/view](https://drive.google.com/file/d/16ll7gNYVqGxHye1Bun6ek7ab3tqR_7ol/view) +I'm 24 and I've just accepted a job offer with a salary of $160,000. That's almost 10 times what my family brought in when I was growing up. The job is in San Diego. I grew up in the midwest and have been to California once, for the last job interview. Because of scholarships and jobs, I have very little debt from undergrad and professional school (about $20k). I have no idea how to manage this kind of money. How much should I spend on housing? What about a car? This is a very stable job, so I'm not super worried about it not being there. Any advice would be super helpful. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +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! + +Warren Buffet says diversification is protection from ignorance, and the best way to have market leading returns is to over allocate your portfolio if you’re confident in your selections. + +What’s your largest position for 2022? What percentage of your portfolio is it? What makes you confident? + +For me right now I’m big OXY and OXY/WS for 2022 with 300 and 429 shares respectively, about 16.5k. This is ~18% of my portfolio. I’m a fan of the company because they’re paying down billions in debt each year, and having worked for a highly leveraged company in the past I know how fabulous that can make earnings going forward. Each quarter they get 10’s of millions more profit for future quarters due to less debt repayment. They also have over 10 billion in FCF this year if oil stays at its current heights and lots of tangible assets if inflation gets out of control. Lastly, I like that the dividend is small - when it increases in the future it’ll be a stock price catalyst, and it’ll help keep my taxes lower in the meantime. +I was going through the total returns of hedge funds vs S&P when starting at the same date, and SPY almost always has the higher percentage total return. Why hasn't a hedge fund bought Bull leveraged ETFs? Im aware that since the leveraged ETF resets daily that losses could be magnified in the event of a market crash, but that could be played off to investors as one bad year out of almost a decade. And in the meantime for 5-8 years (in-between crashes) you could boast annual returns hardly matched by few consistently. What am I missing? +I wanted to have a demo with 1k usd, but i managed to have some profits and get to 5k. +So i wanted to go back to 1k account and start over again, training wise.. +But i could not lose money, i did the exact opposite of what i would have done to win.... And still win ! +Thats when i came to realize, how random is the market. +Next week im gonna try roll a dice and place trades ! +I just want to say thanks for all the heartwarming comments and awards. And for the people that bashed me and called me a degenerate. You right I am a degenerate that loves the stonk. I don’t got much to say this is kind of surreal for me right now never got this much attention in my life. I’m jacked to the tits right now and I can’t wait until we takeoff. Like Ryan Cohen’s dad would say, Buckle Up.🚀 and one more thing BUY HODL AND DRS BABY LETS LOCK THIS FLOAT 🩳🚀 +Experience and knowledge are the two key factors that make you a professional trader. There is no other way, there is not shortcut, there is no magical trading system. If you want to be a successful trader, you need knowledge and experience. +Don’t be afraid to call the title company and let them know you are an investor and plan to buy more in the future. Than ask for a discount on the title fees. I’m refinancing my primary and and two investment properties and I asked for a discount and they literally said “sure no problem”. +It never ever hurts to ask! Hope this helps save some of you a few bucks. +I'm still in relatively good shape. I can do weighted pullups, deadlift double my body weight, run, etc., but the extensive years in airplanes, at desks, and in general pulling my traps up to my ears while stressed as I'm hunched over a cramped computer has turned me into an unhealthy healthy person. + +I struggle to sit on the floor with my kids, I regularly throw my back out, and in general just ache. + +I'm assuming my body has a combined issue of muscular imbalances and lack of flexibility. + +Has anyone in the fatfire crowd approached this with something extremely effective either before or after retiring? + +I'm not sure the job title I'm looking for, but would love for someone to run my body through the gauntlet, figure out where I'm deficient and start making changes ASAP. + +I've tried +high end trainer +Massage therapist +Physical therapy + +Without success. + +What has worked for you? + +Update: There have been multiple mentions of diet and losing weight. Probably a focus on the title referencing building your net wealth rather than literally fat. I would agree with many of you that diet is one of the first places to start. I don't have any concerns there. I've consumed a whole food plant based diet solely for the last 2 years (no oil), have 6-pack abs again, low body fat, don't drink, and in general have a healthy life hence the focus on muscular imbalances/flexibility/mobility. + +I have not tried Pilates. I haven't done yoga in quite a while and never really felt like it was helpful, but perhaps I just didn't try it long enough. I feel like the lack of flexibility hinders me from even starting due to the inability to do the starting positions. + +There were many great suggestions here. Thank you all very much for taking the time to make recommendations. My back and children's play time thank you. +I put $850 into a commonwealth bank ATM at a commonwealth branch to deposit and the machine was counting the notes for over 10 minutes which was odd. Then all of a sudden the screen displayed "transaction cancelled" and my care was returned. However, the section where I placed my notes decided not to open and I had no way of getting my money back. I called them up, but they just told me that they will look into it and get back to me within 3 weeks. I'm so lost as what to do because I need the money soon to pay for food and bills. Any advice or help would be much appreciated. Thanks +Hi everyone, + +Long time lurker and was 48k in student debt last December. Made a commitment last year to get out of debt. First, off I went the opposite direction and took a $3,500 digital marketing course. That allowed me though to land a higher paying job as a marketing manager for a professional services firm. + +I already had an emergency fund of 5k and my new job didn't let us get in the 401k plan until a year in (since has been changed). I put everything I made into my loans, besides rent & utility, cheap food and didn't buy anything like new clothes or luxury items. I then got a gig doing private security at events like Pax East, Comic Con, Apple and at hospitals that paid any where from $20-30hr. Would do these sporadically for anywhere from 10-40 extra hrs a week and huck it am my loans. I also signed up for Rover.com and took care of about 40 different types of dogs. + +The final push is when I started driving Uber. I work in Boston right next to a college so after work it would often be surging and I'd drive for hours after work. I got addicted and would try to bring in an extra $500-800 week driving. Lots of caffeine and not going out on weekends. Kept track of mileage, driving expenses and expected taxes. I also made and extra $1600 referring four drivers + +I was making quick headway, but was getting really burnt out. I would occasionally take a weekend off to recharge and then get back at it I would fantasize about hitting a scratch ticket for the last 10k or a gift from a long lost relative. Then fate intervened. At my old job we had a pension program I never paid attention to because they said it was going away. Well one day I get a call from my old CFO the plan was frozen and I was being paid out a little over 10k. I could either take it as cash and pay 3k in taxes & fines, or roll it over. I was extremely tempted to take it and run, but after talking to my CPA coworkers, decided to suck it up and roll it over into an IRA at Wealthfront. + +I drove a shit ton of uber the last two months, put my whole work bonus and all my Rover funds towards the last 10k. I was down to 3k last night and used 3gs from my emergency fund to finish it off. It was a very long process, but I'm glad I'm done. Now have to replenish the emergency fund and save up for taxes (saved a bunch, but got greedy towards the end putting it all at the loan). + +I'm done and am looking forward to having more free time for fun, learning more skills to get a better job and getting back into fitness. I also made my first post loans splurge purchase..new Retro Jordan 9's..don't know why I wanted them, but I did. 😎 + +Edit: thank you to everyone for their kind words. I'm done replying for a while, please search the thread if you have questions, I think I answered most of them somewhere. Have a great day and let's go Pats! +Just wanna put this out for traders. Lack of sufficient sleep really affects your cognitive and logic ability. Learnt it the hard way. Get enough sleep and drink enough water people! + +/// I'm so sleepy. I can't sleep yet. Need to close my current trade or it might go negative. +Hi, I am 24 M, want to learn about investing in stocks, commodities etc. Are there any websites (like varsity by zerodha)or courses online,like courses in udemy, which are suitable to Indian markets. Also are there any courses provided in NSE & BSE for beginners. If so please let me know. +So I'm sure you have all seen Gherks recent autobiography that includes his reasoning for not DRSing his shares. He basically states that DRSing does not affect the shorts ability to create and use synthetic shares to short the stock, because locates simply aren't happening. This is correct, but it completely misses the actual point of why we are trying to register the float. + +GameStops publicly available float is between 30M and 60M shares depending on what all you're including. GameStop just announced the number of shares that were held in DRS in their last quarterly report (btw the fact they did this should already convince you of the importance of DRSing your shares, **this shit is unprecedented**). Assuming they continue to announce the total shares held at ComputerShare each quarter, we *will* eventually know as an indesputable fact when we have registered the entire float. + +The point of this is not to take liquidity and shares available to short away from the SHFs. In fact I'm convinced that theory is complete FUD. The real point of this is *publicly announcing that the entire float is owned by retail, while large volumes of trades continue to hit the exchange, which should be impossible.* + +When that happens, it's absolutely game over for hedgies. The corruption in the market will be undeniably exposed and the public, and I mean the entire public, will then be aware that we were right. Massive FOMO, protest, and hopefully regulatory action *will* follow. + +Options plays creating gamma pressure certainly helps create squeeze situations, I'm not denying that. But it's not only foolish to say that options are the only way to force MOASS, it's actually completely wrong. I am completely convinced that once the entire float is registered and it is announced publicly, MOASS will begin. + +It would be a analogous to when Porsche announced that they owned 74.1% of VW which notified the public that there was a very small number of shares available (6%) to be bought up by hedge funds to cover the 13% short interest that existed. The difference is that GME is probably shorted an order of magnitude higher than 13% and at that point there would be exactly 0% of the float available to purchase to cover those positions. Infinity pool anyone? + +I'm sorry but stop fanboying for people that have a platform to uphold. Gherk built his platform on options plays and now he refuses to change his mindset because that is what brought him his following. I don't have any hate for Gherk but I really dislike the fact that he has such a large presence here and sows doubt on our one true ticket to salvation. DIRECT REGISTERING THE ENTIRE FLOAT. + +DRS is the way. Peace out y'all. +Does anyone here use options trading as your main source of income? If so, can you reveal a few details as to how it’s been going for you. How big of an account do you have to work with? How long have you been doing it for? What kind of returns have you seen historically? What strategies have worked best for you? How did you learn? (Books, trainings, videos, paper trading, real life experience, etc) + +I’ve been trading options for just a few months and have seen good results (albeit it’s been a good few months for many). I would love to be able to dive into it full time and not have to do this shit on my phone at work lol. +I was wondering if anyone has experiences on which type of tenant is typically best to rent to. + +Like which stage in life/family size/economic condition do you prefer? Which is safest and care the most for the property? + +I’d be curious to see a discussion about this. +Edit to add: thanks for taking the time to reply. I've been reading every post and it's given me a lot to think about. + +Hi, some quick facts about me. I'm 32 and I would consider myself FI at this point. I have $500k split between 401k and an Etrade account. I own my modest house and car, no debts. Let's just say I never worry about money. Right now, my plan is to keep working until I amass $800k then quit, and do something PART-time like Uber or work at the library to cover my modest expenses so I never have to touch my $800k until I eventually stop working completely...probably in my mid 40s. + +I work as a financial analyst and I make $85k a year. All I do at work is sit in a cubicle and churn out analysis and reports. Yet I wake up everyday and dread going because it feels like I'm wasting time that could be spent living life, instead of sitting in a cubicle. I get about $250 a day after tax. + +I feel soooooo incredibly guilty for feeling like this. I feel guilty for my FIRE plans too. My parents just retired this year at 70. My parents are immigrants from Bosnia (came here 30 years ago, I was 2 yrs old) and neither one has EVER made more than $17k a year. My mom did custodial work in a hospital and had to handle people's shit, piss, puke, blood for $50 a day. My dad did custodial work at office buildings and also put up with a lot of disgusting manual labor for less than $50 a day. For 30 fucking years. No matter how cold it was, no matter what kind of mood they were in, no matter if their parents died in Bosnia and they were grieving hard, they went to work every day. I *never* heard them complain. + +I guess the thing that gets me out of bed in the morning is just realizing how much of an entitled piece of shit I'm being by "hating" my job when my parents went through all that. I feel even worse wanting to quit this $85k job in a few years. + +I'm afraid to mention a single word of my plans to my parents because I am so ashamed and guilty. +If you know, you know, *but if you don't*, trading options on meme stocks is **bad juju.** + +[What does going long on options feels like for GME](https://youtu.be/7BwxSHs9elk?t=141)? + +There is a curse on these stocks. Both GME and AMC are **totally broken.** They have been ever since this madness kicked off in January. Nothing about either stock's price movement since 26 Jan 2021 has been normal and with that, the means to **measure price movement too.** This leaves options traders with reddit and nothing more. It's absolutely the very essence of what a slot machine is. Not only do you need the right direction, but you need that random, volcanic level of volatility that appears out of thin air without anyone understanding how or why that keeps happening--besides market watch. They still seem to know. They think it's them "rEdDiT cRoWd" and organizing and pumping it up. My boomer scale explodes every time MarketWatch writes about GME. Anyways, I've been trading options for over a year now and till this date, I have yet find another stock out there that has behaved anything like these stocks. Both for the stock itself and options prices. + +[Do yourself a favor and look at CCI with GME.](https://www.youtube.com/watch?v=ZBAijg5Betw) + +Also, here are some family friendly facts about GME: + +* Completely unresponsive to technical analysis. +* Completely unresponsive to sentiment. +* [Randomly responsive to buying pressure](https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml)**.** +* **Randomly tanks** without ANY information either forecasting/supplementing it. +* **Randomly launches** without ANY information either forecasting/supplementing it ([minus Jan 2021 run up](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)). +* **Randomly trades-sideways** for most of the time with extremely low volume like it never even exists. +* [Price movement and behavior is the same for all meme stocks.](https://preview.redd.it/k12y1yxomjj71.png?width=4503&format=png&auto=webp&s=a71d022d84c6d3e2600632f853afb58185e74215) +* It has a negative beta that pulls heavily from Jan 2021--so hedging purposes aren't entirely legit. +* Oh, and **options pricing is ridiculous**. +* *The stock is 100% inefficient.* + +[Provided it's major theory turns out to be true](https://www.youtube.com/watch?v=_AHpRNJLamc) and explodes as a result, well, it will be like this until it does and one can only wonder for how long. People have been trying to measure this for a year now--nothing so far. Until then, the only one's finding any efficiency are **options sellers** who have probably paid off their mortgage by now from people thinking "today's the day" *everyday*. + +[Happy Gilmore would be the very essence of who and what this stock is.](https://youtu.be/7BwxSHs9elk?t=81) Everything about Happy Gilmore and what he does totally lines up with this stock's market inefficiency (ability to be priced properly given information known about it), culture, dysfunction yet also not and random explosiveness. +[Americans Are Retiring Later, Dying Sooner and Sicker In-Between](https://www.bloomberg.com/news/articles/2017-10-23/americans-are-retiring-later-dying-sooner-and-sicker-in-between) + +For all the talk about the shift in demographics to an older population due to the aging of the baby boomers and medical advances, during the past decade there's also been talk of how given the obesity and diabetes epidemic along with heart disease and other related health problems, it's expected that children these days won't live as long as their parents. Meanwhile, people are expected to retire later, pensions are dead, Americans are saving 3.5% on average, healthcare costs are increasing, and the population is sick. The net result is that people will have short and sick retirements. + +TLDR + +Physical health is just as or more important than financial health if you want to enjoy a long and healthy early retirement. +Came from a poor family so don't know anything about saving/investing so this may be a dumb question. + +I know the most you can contribute to a 401k is 19,500 (20kish in 2022). Does that include contributions to a Roth IRA? Or are both separate so you could do 19,500 into a 401k and still add 6k to a Roth IRA? + +Thanks! +# Tl;Dr: Not this time. You won't regret the time spent on this. There is also an ELIA at the bottom. + +# Disclaimer: + +The aim of the post is to display some options trading data that I believe many of us haven’t seen. It is to contextualize abnormal options trading activity on GME and dispel some myths about the put open interest. + +**BY NO MEANS DO I INTEND TO MAKE CONCRETE STATEMENTS ABOUT WHAT THIS DATA MEANS.** + +I am an ape with a research & writing background, not a financial or markets one. I am good at getting to and presenting data. Courtesy of ape’s donations, I am now working full-time on investigating and writing about GME. + +**I am asking for your input as to what we are actually looking at, how it works, and what the implications are. I am asking for the SEC, FINRA, and the relevant US Attorneys to tell us what this data means, and to what tune GME retail investors have been defrauded.** + +## Throwback time: + +* I am the guy which has been tracking deep-ITM call anomalies and reported the findings to the SEC, which you can find posts about here: + +[The SI% is fake. I found 44,000,000 million shorts that had their FTDs reset since January 1st using DEEP ITM CALLS.](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/) + +[DEEP ITM Calls Activity PT2 - April 1st](https://www.reddit.com/r/GME/comments/mi31m6/deep_itm_calls_activity_pt2_april_1st_708000_ftds/)[Update on me contacting SEC about the 44m FTDs; Proposal for a 'The Game Did Not Stop' Project](https://www.reddit.com/r/Superstonk/comments/mkjaxs/update_on_me_contacting_sec_about_the_44m_ftds/) + +* The above data seems very damning in light of the SEC Risk Alert paper which describes such anomalies to be evidence of Fail-to-Delivers being reset in order to circumvent the law and regulations regarding short selling. + +# 5th of April + +Now, it is the belief of some apes that on the 5th of April, there was no deep-ITM call activity due to my widely-read posts on the 31st March and 1st of April. + +That is not my belief, because that would just be too hilarious to be true. If only Kenny saw how I lived. + +However, the fact remains that in the week after those posts, that activity was lacking. However, new Open Interest opened up on random worthless puts again. That caught my attention and piqued my interest. + +Here are the results of my almost 3-week investigation. + +# Observation 1: GME has some of the highest put Open Interests across all stocks + +**For the JULY 16 expiry, only S-P-Y has higher open puts.** For January 2022 expiry, it is rubbing shoulders in terms of open put interest with stocks that have 2-5bn shares outstanding, compared to GME’s 70m. + +https://preview.redd.it/q2cwjwpqhmv61.png?width=1648&format=png&auto=webp&s=9d294b6f46e3693b6cb098b921ad04ebcdf3a861 + +# Observation 2: Majority of that Put Open Interest is in seemingly worthless deep out of money puts, mainly around $0.5 puts. + +https://preview.redd.it/i9jpttvrhmv61.png?width=1652&format=png&auto=webp&s=7070cc3885bc9dbea2fe1a635d67e35f24cbc930 + +Why is this interesting? + +**These puts are the most worthless items in the GME options market.** + +They are the right to sell 100 shares of GME at the strike price. Therefore, buying a $1 put is equivalent to betting that you will profit from selling shares at $1, i.e. betting that the price will be lower than ($1 — premium for buying the put). + +**It is one of the four corners of the options spectrum. It is the worthless corner. Other three corners are far more valuable.** + +1. The corresponding strike price calls $0.5—$10 calls are ‘deep-in-the-money’ — meaning the stock price exceeded the strike price, in these cases, by a factor of over 20x. For this reason, they are pretty much priced at (share price — strike price) as the likelihood of them being in the money is pretty much at 100%. They are very valuable. +2. There are deep-out-of money calls ($800c), but with recent volatility, reaching those prices does not seem impossible for long-dated July, Nov and leap calls. They have time value and volatility premiums that represent the likelihood of the price reaching $800 by the expiry date. None of these deep-OTM calls trade at sub—$0.05 premiums like the deep OTM puts do. +3. High strike price puts ($800p) represent the right to sell shares at $800, which is approximately 4-5x the current share price. Therefore, the price for these is close to ($800 — share price), they are very valuable. + +All other strike prices for calls and puts are points along those scales. **The deep OTM puts we are looking at are at the most worthless end of the scale.** They in many cases trade at $0.01 premium per share, or $1 per put contract. + +This seems insignificant, but when we look at the share numbers tied to these transactions — we MUST ask — **why would somebody do something so ‘insignificant’ SO MUCH?** + +Additional proof to the worthlessness of these puts as well as the thesis that the holder of these puts is obtaining them for a gain other than financial: + +**On Feb 5, the following puts expired:** + +$0.5p - **22,163 OI expiring - 27,010 total** volume since creation + +$1p - **15,281 OI expiring - 19,531 total** volume since creation + +$1.5p - **6,951 OI expiring - 9,704 total** volume since creation + +$2p - **4,793 OI expiring - 6,549 total** volume since creation + +$2.5p - **4,671 OI expiring - 4,754 total** volume since creation + +On Feb 12, the following puts expired: + +$0.5p - **35,153 OI expiring - 43,835 total volume** since creation + +$1p - **15,802 OI expiring - 22000 total volume** since creation + +In many of these cases, the party who initially buys the put holds it until it expires worthless. + +Options are the casino of the stock market. The options represent bets. + +**What incentive is there to make such worthless bets over and over again at crazy volume?** + +Or maybe the question we should be asking is: + +**Why would somebody NEED to be writing these puts?** + +# Observation 2b) Other stocks do not have such high open interest on the lowest strike price puts. + +Here is a comparison of the Put Open Interest for GME against 4 other stocks. I have added the **total Put Open Interest** for the **LOWEST STRIKE PRICE PUT** for **EVERY EXPIRY**. I have then multiplied it by 100, for the maximum of theoretical shares linked to each contract, and divided it by the **TOTAL OUTSTANDING SHARES** for each of the stocks. + +https://preview.redd.it/kbgum22thmv61.png?width=1257&format=png&auto=webp&s=2f7a6a92c2d4fe1b486583560fbf8301d7eaaf4b + +**Not one of the other surveyed stocks even touched 2% compared to GME’s 53.38%.** This is completely ignoring the facts that not one of those stocks is priced higher than $27, to GME’s current $160s. Many of the other stock’s strikes started at $10 and $15 for some expiries, which means that in some cases, the lowest put strike price available was above 50% of the current share price, while in the case of GME, most of these puts were placed at $0.5 and $1 strike prices, which were 0.31%-0.62% of the share price. + +**If every one of those put contracts SOMEHOW corresponded to 100 shares, the total amount would constitute 53.38% of GME’s outstanding shares. And those are just the lowest strike prices. Can phantom shares be created in this way?** + +We have a sniff of a clue in this paper: + +# [Welborn, J. (2007): MARRIED PUTS, REVERSE CONVERSIONS AND ABUSE OF THE OPTIONS MARKET MAKER EXCEPTION ON THE CHICAGO STOCK EXCHANGE ](https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf) + +***p1:*** *In hard-to-borrow securities, short sellers are illegally “renting” the options market maker’s exception from the locate requirement in order to obtain share entitlements and put options that they then sell and exercise for profit. In a married put, a short seller purchases put options from an options market maker who then \[naked\] shorts the same amount of stock back to the short seller as a hedge. If the stock sold is not a threshold security, then the options market maker may fail and never deliver. A married put can be disguised as a market-neutral reverse conversion. Married puts in Overstock executed, in part, on the CHX exchange indicate several layers of fraudulent, manipulative and criminal activity:* + +*1. Engaging in securities fraud by knowingly failing to deliver securities* + +*2. Mis-marking intentionally short sales as long.* + +*3. Engaging in market making activity that is not bona fide.* + +*4. Failing to comply with Regulation SHO close-out requirements (“rolling the fails”)* + +*5. Agreeing in advance not to demand delivery through buy-ins (i.e., criminal collusion)* + +***p6:*** + +[Married Put mechanism per Wellborn paper](https://preview.redd.it/hxc89g7uhmv61.png?width=670&format=png&auto=webp&s=571a4b5d3e01f592711092d12efba362bc601d23) + +***p7:*** *The outcome of the married put is that the actual naked shorting occurs on the books of the options market maker. Regulation SHO says that, at T+13, the options market maker need not locate and deliver the “shares” he sold. Options market makers face no penalties for failing to deliver. Similarly, the short seller has no incentive to buy-in the market maker, as that would create upward price pressure on the stock—just the opposite of what a holder of a real or synthetic short position would want. Even if that were not true, it is common knowledge that buy-ins are rare. In a* [*2003 SEC Interpretive Release*](http://www.sec.gov/rules/interp/34-48795.htm.)*, the Commission expressed concern about “the manipulative sale of securities underlying a married put as part of a scheme to drive the market price down and later profit by purchasing the securities at a depressed price.” With increased scrutiny on married puts, anecdotal evidence suggests that they are being masked within market neutral trades known as reverse conversions. Classically, conversions and reverse conversions were riskless arbitrage transactions that converted common stock into options (and vice versa).* + +***p9: “Those trades could be done to generate new “bullets” with which to depress the share price. It is also possible that the married puts are being used to roll failed positions.”*** + +**p9-10**: “*In May 2007, the American Stock Exchange* [*disciplined SBA Trading for abusing the options market maker exception through the use of fraudulent use of married puts*](https://www.yumpu.com/en/document/read/36560115/09-0008-sba-trading-llc-and-scott-arenstein-cboe) *and reverse conversions. It is a* ***FACT*** *that the Arensteins engaged in fraudulent options market making on this stock. This course of conduct enabled Respondents to maintain impermissible short positions in a number of Reg SHO threshold securities for extended periods of time.”* + +**My comments:** The GME case is different from the one discussed in the Wellborn paper. Throughout the paper, the married puts cited are described and implied to be in-the-money puts. On GME, we can observe incredible out-of-the-money put anomalies. + +However, not every tactic of the 2021 Abusive Short Seller will be described in papers from 1999-2013 that most of current GME DD is based on. + +We will never have all the answers presented to us, though. + +**However, from this paper and the SEC Risk Alert about deep-ITM calls, we can be CERTAIN that both calls and puts will show anomalies somewhere if fraudulent activity surrounding maintaining illegal short positions, creating phantom shares, and rolling failed buy-in obligations is taking place on a stock.** + +This is just where I found the anomalies on GME. + +It shouldn’t be my job as a retail investor to have to determine exactly how these anomalies link to and explain that activity, that is a job for the SEC, FINRA, the United States Attorney for the Southern District of New York, as well as probably Chicago and Philadelphia. + +**This is just the data I found.** + +# GME Phenomena relevant to the Wellborn Paper + +# 1. Abnormally High Put Open Interest on seemingly worthless puts + +# MYTH: + +The Abnormally High Put Open Interest on $GME **is a remnant of (possibly naked) shorting in 2020 and early 2021 (pre-January squeeze).** + +**Implication:** Yes, there was naked shorting on GME, but it is possible this was covered in the January rally. + +# FACT: These puts were almost exclusively opened DURING and AFTER the January rally. + +https://preview.redd.it/z15p9vtvhmv61.png?width=2044&format=png&auto=webp&s=4b171d0802ce7c97a6686cd57f74564113ffd842 + +The above graph is the **net change in open put interest** on all the puts that I suspect of having been manipulated. + +**If the abnormally high put open interest was accepted as a remnant of pre-January naked shorting, wouldn’t this chart make that proof of naked shorting happening on GME heavily during the January spike, and also preceding the mid-March drop?** + +A 1990 paper that I paid $25 for may hold a clue: + +*“Our results indicate that securities with high levels of short interest tend to have higher betas and traded options and convertible securities associated with them.* ***Changes in the open interest of options are positively related to changes in short interest.*** *To examine this, we looked at coincidental changes of the open interest in firm options and changes in a firm's short interest. Table 5 reports the aggregate simultaneous increases and decreases in short interest and open option interest based on the expiration cycle. The statistical results are easily significant at the 0.01 level and indicate that* ***short interest and option open interest tend to move together***. Tests performed on individual years also were significant for each year. The short interest changes tend to be positively associated with changes in the open interest of options.***” -*** [Brent, Morse & Stice (1990) — “Short Interest: Explanations and Tests” (Journal of Financial and Quantitative Analysis, Vol 25, No 2, June 1990)](https://www.cambridge.org/core/journals/journal-of-financial-and-quantitative-analysis/issue/FC6DD9EE2BFF94316B896BA21F6798FB) + +&#x200B; + +**In this fashion, there have been 90+ strike price & expiry date combinations used since January 2021 to perform this suspicious activity. They are:** + +**^(FEB 5 0.5p)** **^(FEB12 10p)** **^(16 APR 9p FEB 5 1p)** **^(FEB12 15p)** **^(16 APR 10p FEB 5 1.5p)** **^(FEB19 1p)** **^(16 APR 11p FEB 5 2p)** **^(FEB19 2p)** **^(23 APR 5p FEB 5 2.5p)** **^(FEB19 3p)** **^(23 APR 10p FEB 5 3p)** **^(FEB19 4p)** **^(23 APR 15p FEB 5 3.5p)** **^(FEB19 5p)** **^(23 APR 20p FEB 5 4p)** **^(FEB19 6p)** **^(30 APR 5p FEB 5 4.5p)** **^(FEB19 9p)** **^(JUL16 0.5p FEB 5 5p)** **^(FEB19 10p)** **^(JUL16 1p FEB 5 5.5p)** **^(FEB26 3p)** **^(JUL16 1.5p FEB 5 6p)** **^(FEB26 3.5p)** **^(JUL16 2p FEB 5 7p)** **^(FEB26 4p)** **^(JUL16 2.5p FEB 5 8p)** **^(FEB26 4.5p)** **^(JUL16 3p FEB 5 9p)** **^(FEB26 5p)** **^(JUL16 5p FEB 5 10p)** **^(FEB26 5.5p)** **^(JUL16 5.5p FEB 5 11p)** **^(FEB26 10p)** **^(JUL16 6p FEB12 0.5p)** **^(MAR19 1p)** **^(JUL16 7p FEB12 1p)** **^(MAR19 2p)** **^(OCT15 1p FEB12 1.5p)** **^(MAR19 3p)** **^(OCT15 4p FEB12 2p)** **^(MAR19 4p)** **^(OCT15 6p FEB12 2.5p)** **^(MAR19 5p)** **^(NOV19 3p FEB12 3p)** **^(MAR19 6p)** **^(21JAN2022 0.5p FEB12 3.5p)** **^(MAR19 10p)** **^(21JAN2022 1p FEB12 4p)** **^(16 APR 0.5p)** **^(21JAN2022 1.5p FEB12 4.5p)** **^(16 APR 2p)** **^(21JAN2022 2p FEB12 5p)** **^(16 APR 4p)** **^(21JAN2022 3p FEB12 5.5p)** **^(16 APR 5p)** **^(20JAN2023 2p FEB12 6p)** **^(16 APR 5.5p FEB12 7p)** **^(16 APR 6p FEB12 8p)** **^(16 APR 7p FEB12 9p)** **^(16 APR 8p)** + +# The following graph is the build up of Open Interest on these puts over time. + +This is the total puts opened since January, ignoring expiry. It assumes 100 phantom shares were indeed created for each of these suspicious put contracts. **Of course, market mechanics and the level of callousness of the naked shorter dictate that in reality, that number can be anywhere between 1 and 100, and as of now, we have no way of determining which. My suspicion is on the same side of 50 that yours is on, but there will be more data in a second to explain why.** + +https://preview.redd.it/cee6038xhmv61.png?width=1090&format=png&auto=webp&s=2d542ab16abd4eaea4fc19a0e7148748865a7032 + +**If it is indeed true that between 1 and 100 phantom shares were created corresponding to every put, then between 1,277,520 and 127,752,000 phantom shares of GME have been created between 11th of January and 9th of April.** + +Full sheet: + +https://preview.redd.it/tc4h4u8yhmv61.png?width=5498&format=png&auto=webp&s=a8c984519d00214ba8f79a97dbeda369894fee07 + +What else is new? + +# 2. Out-of-this-world Put Trading Volume 3 & 4th March + +Going back through all these suspicious expiries, something else cropped up. On a range of them, several days had spikes of **trading volumes that far exceeded the put open interest**. + +Exceeded how far? + +As far as **232,364 traded volume to 1,155 open interest**. The equivalent of total open interest changed hands every few seconds in blocks of 500. This happened to a range of puts: + +https://preview.redd.it/j04nmdazhmv61.png?width=814&format=png&auto=webp&s=9280454ad86b90bc754c6f4001e0becebf9ca8b2 + +This activity crops up on some other days, but not to this level. + +# March 3rd and 4th were real anomalies: + +[Options Trading volume suspicious on grounds of volume far exceeding Open Interest, 11JAN-8APR](https://preview.redd.it/9cgf0820imv61.png?width=1676&format=png&auto=webp&s=838e0f8dee643447bb7081871f462c02fbb06955) + +# How out of the ordinary is this? + +**Between MAR 3 & 4, a total of 1,676,236 contracts changed hands, both calls and puts.** + +**This activity constituted 1,094,004 — or 65.26% of the options trading activity on GME for those two days.** + +The next day, March 5th, there were only 388,638 contracts traded in total, even though it was a Friday. + +All of this volume on March 3 & 4 happened across these strikes: + +**^(9 APR 5p, MAR19 4p 26 MAR 5p, 1 APR 5p, JUL16 2p, JUL16 2.5p, 16 APR 1p, 16 APR 1.5p, 16 APR 2p , 16 APR 2.5p, 16 APR 3p, 16 APR 3.5p, 16 APR 4p)** + +**So what the hell is this?** + +I’ll tell you what it is not: + +It is not any HFT, algo trading, scalping or **any way to make money.** One look at the transactions on the 9 APR $5 puts proves that: + +**1,256 9 APR $5 put contracts were open after the trading session on 4-MAR-2021** + +**But 232,364 5 APR $5 puts traded during the session of 4-MAR-2021:** + +https://preview.redd.it/6r9lx2k1imv61.png?width=645&format=png&auto=webp&s=e32b0fcb192aa8fb5c6ae232a19245a17b31ac53 + +**— 230,009 traded between 13:56:14 and 14:51:40** + +# — 229,997 traded at the same price, of $5 per contract. + +Similar is true on other strikes with this unusual volume. **There was no profit opportunity here.** **The benefit had to be a regulatory / loophole one.** Why else would somebody generate “worthless” activity that exceeds the average option trading volume a couple times? Is this another way to reset FTD and buy-in obligations, like the deep-ITM calls? I believe contextualizing these spikes within the timeline helps us understand what they can be: + +&#x200B; + +[A hint, perhaps.](https://preview.redd.it/cd6hrrp2imv61.png?width=1680&format=png&auto=webp&s=c37d6f2736ea4d8770e99a2472cee393498e7d63) + +# The Weird Coincidence + +It is a good thing that composing this DD took a few days longer than planned. While watching some brainless TV, a lightbulb moment launched me from my seat. + +What if I were to compare my two charts, and take the: + +The Max Amount of Phantom Shares related to Open Interest up to MARCH 2nd… + +And compare it to the Volume of the March 3 and 4th Put Volume spike. + +https://preview.redd.it/hvfk30g3imv61.png?width=961&format=png&auto=webp&s=4b1ecb4d6583d9272e54631e99c88e4df53a3116 + +**Those two numbers fit within each other almost perfectly.** + +**So now, let’s get the SEC to tell us why this data is nothing to worry about.** + +Because as a retail investor in GME, I am mortified. + +The possibility that there are 127 million phantom shares on top of the rightful 70 million, does not fill me with confidence in the US stock market. + +**Gary, pls fix.** + +\--------- + +# ELIA ATTEMPT as requested: + +1. Interestingly, **GME has abnormally high number of puts open out of all stocks**. It has more puts open than stocks that have billions and billions of shares. +2. Interestingly, **most of those puts are placed on "worthless" puts** \- around $0.5-10 strike prices, meaning bets that you will profit from selling shares of GME at $0.5-10. **Nonsensical bet to make. Let alone to make a million of these bets**. +3. Most interestingly, **those bets, hundreds of thousands of these puts, were primarily made during the January price run-up**, which makes them even more non-sensical. +4. There are proven incidents of married puts being used to mislabel or enable transaction that naked shorted a stock - creating phantom shares. **They worked differently than they seem to do here**. I can't say if this is the same thing. +5. All I know, is that there were **1,277m of these puts opened since January**, and most of the time, they haven't been traded. The party who creates/purchases these new puts has an incentive to hold them, other than financial. **It is my suspicion that each one of those puts corresponds to between 1 and 100 synthetic shares of GME being created**. +6. Interestingly, **on 3&4th of March, 1,094m puts were traded on strike prices that had 1000-6000 open interest**, making it highly suspicious. GME would get maximum 500-800k option trading volume across two hot days. 3&4 of March, they get 1.6m+, with 65% of it being this seemingly nonsensical activity. **All of the puts traded at the same price, offering no profit opportunity**. None of those puts remained open at the end of the day. It is my suspicion that **somehow they are being used to reset FTD and buy-in obligations**, in a similar fashion to the deep-itm calls. +7. **The number of puts opened from 11 Jan until the 2nd of March, the day before the trading spike was 1,096m. Those two numbers fit within each other to 99.75%.** + +**What a curious story.** + +\------ + +**Courtesy of the ape's donations, I am researching and writing about GME full-time. You can find all of my published pieces in my profile, as well as a link to support the project, which one-day will become a book combining the timeline of empirical DD intertwined with my own personal story. I sold a car to average down, so that half should be interesting, too.** + +\------ + +## If you have relevant knowledge and want to help, please use this formula to make your suggestions: + +1. Link a source to any factual claims, publications, DDs, or data you reference while making your point. +2. Please mark all of the following in **bold**.— **Speculation / Theory:** + +— **My personal opinion:** + +— **Relevant DD / working theory / publication** + +— **Relevant data** + +We are a generation of skim readers and 7-second attention spans, please mark the boundaries where quoting turns to speculation! For example: + +***Speculation:*** *It could be X or Y, bla bla, bla. You can read about X in* ***this DD*** *(link).* ***My personal opinion*** *is that it’s more likely Y because so and so.”* + +**This is extremely important.** This is my full-time activity now and I’d hate to introduce confusion to the community, and I’d hate for the comments on my posts to do that. Feel free to comment whatever you like, but PLEASE, if you want to engage in discussion about what this data means, use the above formula. You will be helping big and small apes alike, and that is what we are all here for, isn’t it? +[US Central Bank is going to raise interest rates later March.](https://www.msn.com/en-us/money/markets/powell-says-rates-are-headed-higher-even-as-ukraine-poses-uncertainty/ar-AAUvThI?ocid=msedgdhp&pc=U531) + +Feds will move toward a “predictable” shrinking of its big bond holdings after raising rates, a move that will take additional steam out of the economy, and that it will discuss those plans at its meeting ending March 16 without finalizing them. According to Jerome Powell. "...." +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +New to theta gang, this is the one thing holding me back. I understand when the market is flat you can get more out of selling puts, but in bull runs like we’ve seen since March 2020, wouldn’t you have made more holding shares than CSPs or wheeling? Do most of you do this in addition to long positions for income, or is it your sole strategy? +https://www.marketwatch.com/story/jp-morgan-joins-the-list-of-wall-street-banks-calling-for-the-demise-of-6040-portfolio-despite-its-success-this-year-2020-07-01 + +I never understood why young people would ever choose this. You shouldn’t worry about short term volatility. Invest in the highest expected return instruments. + +Reducing short term volatility also kills expected returns in the long run. + +Short term volatility is a result of emotions. + +Edit: if anyone is interested in more check out behavioral portfolio management by c Thomas Howard +Current stats: + + • Ticker = ATZ + +• Exchange TSX + +• Current Price = 44.78 + +• All time high = 58.97 (Jan 31, 2022) + +• Low = 12.31 (Mar 31, 2020) + +• Market Cap = 5.14B + +• Shares outstanding 112.58M + + • EPS (Trailing 12 months) 1.48 + +&#x200B; + +&#x200B; + +[insane growth](https://preview.redd.it/u3kqc8de5wi91.png?width=326&format=png&auto=webp&s=d2cbc4855ff3e0929add52b4a0eac9efb670ddb6) + + Concerns: + +Revenue expectations are off, not necessarily a bad thing as sales growth from last year was 74.34%, gross income growth of 112%, EBITDA growth of 122%, and so on. Mind you, this in combination with lifting restrictions, opening storefronts, etc. In general, I do not have many concerns with this stock. My only concern is (keep in mind I’m bearish on the current state of the market) that the north American markets in particular are due for a correction. There isn’t much to back the bull run which has seen near 30% gains since mid-June. One bad inflation report next quarter or increased rates could send the markets and this stock down with it (from my not very credible perspective lol). Then again, that’s a big “IF”. + +&#x200B; + + First bought @ 33 dollars ROI = approx. 38% as of Friday close + +&#x200B; + +Cashflow statement is attractive aswell; [Aritzia Inc. (ATZ.TO) Cash Flow - Yahoo Finance - Yahoo Finance](https://ca.finance.yahoo.com/quote/ATZ.TO/cash-flow?p=ATZ.TO) + +&#x200B; + +I have had this stock on my watchlist for a while, and with talks of US expansion in the coming years, I am becoming very bullish on aritzia. Would love to hear what this community thinks. +Backstory: I'm 21 years old, been investing since November 2019. Started picking stocks, moved fully to long puts and calls by April 2020, and ran my account up \~60% by July 2020. You know the rest - over-leveraged a couple trades and was down 75% from my starting point by October. Tried r/thetagang for a few months but between college and part-time work, it was just too much to actively manage positions. For reference, I lost about $4k in 2020 from the options trading. + +I've been onboard with *passive* dividend investing for a couple months now for a few reasons: + +1. I know "everything is overvalued" depending on who you ask, but I'd rather be in stocks paying out dividends and generating profits than in companies who try to [justify current valuations with speculative technology](https://www.cnbc.com/2021/01/27/elon-musk-explains-how-self-driving-robotaxis-justify-tesla-valuation.html) that won't materialize for years, at best. +2. I don't really buy the "invest in growth while you're young" narrative. Growth had a great decade. It might have another great decade, but it might not. People always say you can afford to risk more when you are young, but that isn't really true either. Taking a large loss when you are young will set you back quite a bit. Consider my $4k loss last year, for example. If I had $4k growing at 7% / year for 40 years, I'd have $60k when I turn 60 years old. +3. I've lost confidence in my ability to "beat" returns of a quality ETF in the long run. Took me a year to realize that my interest in stock-picking was just an interest, not a talent or something I was good at. I'd love anyone's feedback on my thoughts here - firmly believe I have lots to learn from others. + +I'm now quite happily sitting on 60% SCHD and 40% SCHV, receiving a projected $340 / year in dividends. I have two short term goals: + +1. Reach $500 in annual dividends by the end of 2021 +2. Diversify into an international value/dividend ETF later this year + +A couple questions for the community: + +1. **Has anyone consistently invested in dividend-paying stocks since before 2010? 2000?** +2. **What are your** **recommendations for non-US dividend ETFs?** I place a lot of value on a low expense ratio. +3. **Does anyone hold both SCHD and SCHV?** I'm considering getting rid of SCHV in favor of an S&P 500 ETF once valuations calm down a bit, whenever that happens. Until then I'm pretty content. + +**TL;DR - Trying to build dividend-focused investing habits. I'd love your feedback/opinion.** +There are all time highs **during** a global pandemic. + +The FED performing *liquidity testing theater* using financial data from october of last year...who the *fuck* fell for that? [Not other countries](https://www.reddit.com/r/Superstonk/comments/oyg0dg/the_worlds_largest_pension_fund_located_in_japan/), that's for sure! + +How about the same FED admitting to [new all time highs of institutional leverage?](https://www.reddit.com/r/Superstonk/comments/ojldzg/confirmation_bias_most_measures_of_hedge_fund/) + +Backroom dealing at the FED, 5 security card swipes before you can sit behind a trading algo at Citadel (*nevermind not even being able to mention their* ***name*** *on TV if you've worked anywhere NEAR the industry)*, and **"disclaimers"** about the possibility of inaccurate information on every SEC and SRO filing doc suggests to someone that manipulation would be protected by a layer of *plausible deniability*............**if that someone is a fuckin retard.** + +Not the good type of retard, either. + +I guess that's the worst part about bullshit financial media articles on the cusp of a financial meltdown...**the court of public opinion** tends to throw the manipulators to the wolves - *as well as their plausible deniability.* + +I don't care that Credit Suisse is HQ'd in Switzerland - neither does any other retail investor. CS wasn't the only Archegos patsy - and US politicians only have themselves to blame for turning banks/prime brokers into GSIBs. Now, they and their rich financial sector buddies are holding the bag. + +These assholes have built an existence around funnelling money out of the financial system under the [guise of **"capital formation"**](https://www.sec.gov/news/speech/2012-spch120312laahtm) and using data and algorithms meant to [trick people out of their money.](https://www.youtube.com/watch?v=5KOT0_I4Fvw) Megalomanics like Ken Griffin are abusing recent college grads with relatively cheap labor & insane hours so he can hire half of the financial world to put them all under NDAs and send extreme threats of litigation to the rest. + +That is why I hold. Now, **we know the playbook.** + +I've got big presents saved up for GME on market correction day/week/month. + +**tldr:** Time is about up for you dumb motherfuckers at the top of politics and finance to take a break from your removed-from-reality dinner parties where you drink champagne and compare notes on plastic surgeons while normal people try to avoid homelessness - that is unless you're too fucking ugly for those parties, *Jim Chanos.* + Long story short, encouraging stats coming out of trial, have comleted avoided margin calls and churned out low value, but cosistent % win rate. + + The bot clearly fires off far more trades than anybody could manage manually - averaging around 100 trades per day, a total of 3107 trades for entire period. + +The python model is scripted with an API to both use real time stock price info to identify when trade indicators meet an 'open' criteria, then also open the trade, and similarly close it. I deposited £100 with broker and set up with a 1:10 leverage so the outcome would not be profits of like £2.24 per trade, and I also wanted to understand if the model could accomodate leverage appropriately. + +This is week 6/7 and the stats as follows; + + + +[ ](https://preview.redd.it/t5h4qqsa98v81.png?width=202&format=png&auto=webp&s=8f5daf1ed4eb69e3f863cafb4bcc1248de42af6d) + +So on the face of it very encouraging results, with margin not being an issue and 65% profit from the 3K trades. At a more detailed review: + +\- Average trade size was £24.22 + +\- Average profit was £19.07 per day + +\- Average time trade open for = 3mins 24 s + +\- Average profit per trade = £2.22 or 9% + +\- Overall win ratio = 67% of trades - 42% long, 58% short + +Here is the win % spread out over time, which shows an updward trend (as you would hope with an ML model): + +&#x200B; + +https://preview.redd.it/icqn80xe98v81.png?width=1158&format=png&auto=webp&s=c9e082bcc2cf1af7cd3386aef8ab00bfcd5f51d5 + +I'm going to continue letting it run for the next 2/3/4 weeks and confirm this trend continues. If so, I will then delve deeper into the trades which make up the 'loss' bucket, and see if any tweaks in the model can help push performance up. + +The summary is with an equity position of £10K, using this model, you would return £200 a day profit with 1:1 leverage. +In theory it would seem like a good way to spread out liabilities. Is it just messy or are there taxes/fees associated with each llc? Asking as an 18 year old so this is purely hypothetical +Listen up kids. (Yes, I said kids, I'm old af.) Most of you are post-analog. That's not a slam, it's a fact of life. Here's what's happened between my birth and yours: ***everything digital is now tracked.*** I grew up in a time when there were a couple of vital records (birth, death, marriage, that one time you got locked up for the weekend for a DUI) and that was about it. None of this click-tracking, behavioral profiling, AI-based predictive analytics. + +Today, it's worse. We're not just tracked, our behavior is **monetized**. You know this, of course, you were born in it. It's the air you breathe and the water you swim in. But it wasn't always this way, and didn't have to be this way. C'est la vie. Even this, these words I type, are no doubt being correlated with endless consumer, corporate, federal, and criminal profiles of... me. And mostly automatic. My life is somewhat tedious. But so what? And this is true for everyone except the extremely rich and powerful who have multiple clouds of digital, physical, and legal systems to run interference. + +**So here's the thing I wanna talk about today**: when GME ran off the rails two years ago and Robinhood shut down the buy button, something interesting happened. Retail investors broke the model and the system of tracking panicked. + +It may have been **the last time** in modern history that anyone will have the opportunity to break outside the system. Have a degree of freedom of action. Every phone call you make, website you click on, every thing in your checkout cart, every person you vote for, every toll booth you pass, and every asset you buy, becomes part of your profile. And all of it, is part of a modern version of payment-for-order-flow. + +And it ain't just stocks. What do you think Google and friends really do to earn the biscuit? Recommend fan-fic websites? Nah. + +**So here's the deal**: global levels of interest and pressure are now applied to the GME saga. They left a gap in the armor, and retail grabbed on to a low-level exploit. Hodl. That's it. That's all it takes. In fact, you can't do anything else, other than capitulate. + +Everything you're doing right now (yes **you**) is being watched. Passively, actively, tomato, tomato, I don't care. It's the same thing. And you don't have any surprise moves left because that same global surveillance PFOF model will happily front-run whatever you choose to do, and nullify it. + +So here's the only game that matters. + + + + 1.HODL. + + 2. DRS + + 3. "Fuck you, pay me." + + +Your stupid, simple, foolish choice to buy and hold has captured the entire balance of order flow for the global capital market. Yikes! + +It doesn't matter that they're watching now, as long as you don't let go, they can't stop you without destroying the house of cards. That's what we're doing now. Deciding if "they" capitulate capital ownership -or- burn down the house. That's the game. + +Game on. +Yo! Hi 👋 After spending about six months in this sub I’m really starting to think there are two trains of thought—ETF route or individual stock route. It’s starting to get slightly challenging because as an individual stock investor the answer is always “ADD SCHD, VOO, VTI” etc. that to me seems more like a Bogglehead approach. Help me understand! +Does it seam cheap to you guys right now? + +P/E ratio below 5.m +PEG Ratio 0.4 + +Price to sales, price to cash flow and price to book all below the industry. + +I know it has some debt but am I missing something here? Surely this thing should explode once this bearish sentiment is over? I see more and more young people wearing them as well which can only be a good thing as the brand grows they seems to have somehow captured the market for older and younger people. +Disclaimer: All data shown here is publicly available and can be downloaded and evaluated with the scripts I provide. Please read my previous posts for this. I do not claim the correctness of the data and the source code, everyone is invited to review, repeat and improve the analysis. + +I'm not a financial advisor, I like data. + +&#x200B; + +https://preview.redd.it/4jpqoqmde7m91.jpg?width=463&format=pjpg&auto=webp&s=063c3bbed59521a1fe61d16f41452de631417922 + +This is an update to my previous posts. + +For retail it is not possible to determine the number of shares in circulation. The system is not transparent. Therefore, we must resort to indirect indicators that are available to us and estimate the number of total shares. An indirect indicator is the correlation between occurring gaps in one minute candles and the outstanding shares. The following graph illustrates this relationship for all Russel 1000 tickers. Large cap is indicated by black, mid cap by green and small cap by blue. + +&#x200B; + +https://preview.redd.it/bhth3r7ie7m91.jpg?width=1459&format=pjpg&auto=webp&s=602eb31218e521b800a2895de06562c9156b859c + +The proportion of gaps in one minute candles is still too small for the given outstanding shares. Note the log scale. Here one can conclude that GME is traded as if it had approx. 5x to 10x shares outstanding. + +Another indicator is the average volume in $ per day. Although the volume can be manipulated by internalized trading, it also indicates a higher share outstanding. + +&#x200B; + +https://preview.redd.it/tbyoa7tle7m91.jpg?width=1464&format=pjpg&auto=webp&s=84ce579ce4ef8acb8601881d464d3fc8293ae3f4 + +A third indicator is the mean number of FTDs per day. + +&#x200B; + +https://preview.redd.it/2s42ucjre7m91.jpg?width=1485&format=pjpg&auto=webp&s=97fd5164fdd4f6f3e818250d32b9b868ff05cf0d + +Here we can see that the mean number of FTDs indicates at least an order of magnitude higher number of shares outstanding. + +A closer look shows that recently the share of FTDs compared to the daily traded volume is increasing and it is getting more and more difficult to localize shares. + +&#x200B; + +https://preview.redd.it/mv2xi0g1f7m91.jpg?width=1488&format=pjpg&auto=webp&s=5890e7c1fed7a2d8ae40579e872d30eb15c4a266 + +TL;DR: If it looks like a duck, swims like a duck, and quacks like a duck, then it probably has a dilution factor of 5x to 10x of its shares outstanding. + +&#x200B; + +EDIT: + +Here is the compilation of the scripts used: + +Script to download the data (shares outstanding, volume, price close, ...) from yahoo finance: [https://pastebin.com/KseEGcZh](https://pastebin.com/KseEGcZh) + +Script to download FTDs from [https://www.sec.gov/files/data/fails-deliver-data:](https://www.sec.gov/files/data/fails-deliver-data:) [https://pastebin.com/dhvm6U2T](https://pastebin.com/dhvm6U2T) + +Script to analyse the data and create a csv: [https://pastebin.com/xpzn1M3P](https://pastebin.com/xpzn1M3P) + +Script used to plot the data: [https://pastebin.com/Ww1RAqVF](https://pastebin.com/Ww1RAqVF) +Hello Everyone, + +I rarely ever post and when I do it is to feed my purple ring or celebrate old hype videos. Now to get this out of the way first, obviously people will call me a shill and drama stirrer after this post so I suggest looking at my account history before you start spewing bullshit. I've migrated multiple subs with this community and I'm proud to be where I am. Also, because mods have been removing posts for allegedly breaking rule 1: EVERYONE I have tagged in this post has given me their permission to do so and there is not a HINT of harassment towards them anywhere here. So don't give me that bullshit when removing this post or banning me. Now let's begin. + +You may have seen two posts of u/Gentaro asking for more transparency in the sub regarding the silent removal of multiple moderators. If not, here you go: [Post 1](https://www.reddit.com/r/Superstonk/comments/y46kt0/transparency_in_the_sub/) and [Post 2](https://www.reddit.com/r/Superstonk/comments/yau97d/transparency_in_the_sub_v2/) . + +In short: 4 mods have been removed (including u/jsmar18 and u/DeadDevotion ) without a peep to the community and u/Gentaro made a post asking why that is and what happened. He was being very considerate and friendly, even asking where the community can help to improve things. Seriously, check his first post. **(remember this)** Now what really stands out is that none of the current mods decided to make a statement regarding that post and even more worrying is the fact that actual OG mods ( for example u/jsmar18 ) are among the removed mods. This guy worked his ass off to support this community and make it grow and prosper. Him leaving is a really big move and he wouldn't do so without good reason. + +Now, when there was no response Gentaro made a second post asking for input from the removed mods since the mod team decided to ignore him. Let me say this again, he ASKED for their input. He didn't force anyone, he didn't bully anyone, he ASKED and INVITED them to say something. **(remember this too)** One of them, u/DeadDevotion decided to share some insight in the comments. However, due to current worries of her own privacy and potentially being doxxed, she has not gone into a lot of detail. People have been asking her for the "full story", which she currently can not provide due to said reasons. + +However, I was very concerned and reached out to one of the ex-mods and they did share with me in private that behind the scenes a lot of toxic behavior and powerplay led to the loss of the initial values of the mod team, even forcing some members to leave because of the emotional toll and stress. **Something to think about.** Anyway, this post got a lot more attention and the comment section got spicy. + +**Spicy enough for someone to take their alt account, manually approve it because of lacking karma, and use it to attack Gentaro and DeadDevotion in the comments. Yes, that's right.** **A Superstonk mod manually approved this account which had no history and only 273 karma to stir shit up in the comments. Ask yourself why and who would want this. The comments were removed after they were called out.** H**owever,** [here you go](https://imgur.com/a/65fekMK). + +As you can see on that screenshot, another angry ape even did some analysis on the identity of this account and dug up some info. + +As you can see, this person was trying to spin a narrative about the post being made in bad faith and how Gentaro and DeadDevotion apparently knew each other, claiming Gentaro got the "mod news" from her. Now whether that is true or not is not even that relevant, because it changes nothing and is just a made-up argument to distract from the issue. However, the fact that someone needed to quickly get their alt account involved to discredit Gentaros post **is relevant.** So I ask, what the fuck was that? What are you trying to hide here? + +Now, it gets even better. This happens, they discuss, comments get removed after a bit and what do we hear? **Another mod is gone.** In this case, Goldie. At this point things are just getting ridiculous. Gentaro made a post about that, which got removed. [Here ya go](https://www.reddit.com/r/Superstonk/comments/yc7mb3/psa_ugoldielips_is_not_on_the_moderator_list/). + +**Oh and one more thing, shortly after Gentaro was banned. That's right, he edited it in his 2nd post as well. Reason being "don't tag any redditors to harass them". Yeah, sure...** + +Does **ANYONE** care to explain this clusterfuck that is happening in the mod team right now? Don't we as the community deserve some more transparency than this? And instead of leaving an open discussion, there's been active efforts against it and even banning certain voices. I hate to be that guy but we deserve better and this is sick. + +Waiting for a proper response. Or ban me, make use of your powerplay if you like. + +Oh yeah, still DRS tho. + +&#x200B; + +Edit 1: + +First of all I thank you for the wide response, also a ton of supportive voices as well. I've received multiple DMs of people talking about the same issues but failing to bring it to people's attention because they always get shit on as soon as they mention anything negative about mods. Guys please, this is a sign that there are issues that are being suppressed and I'm not the only one noticing. The whole "negative news is always FUD and drama" mantra is incredibly stupid and short sighted. That's how eco chambers are made, let's not become one. + +Also, **there's been multiple new bans of people** speaking up and referencing my post. Not a good look on you mods. Will mention them with their names when I get confirmation that they don't mind because otherwise, I'll get a ban for "tagging people to harass them". What a joke. Also, the mod comment below my post doesn't address a single thing I've written and instead deflects to some made-up arguments I didn't even mention in my post. In Germany we call this a "Strohmann-Argument". [Here, look it up.](https://en.wikipedia.org/wiki/Straw_man) + +Edit 2: + +I've got confirmation from one of the banned people, u/Retardnoobstonk . He made [this post](https://www.reddit.com/r/Superstonk/comments/ydiqlg/mods_are_censoring_discussion_on_transparency_im/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) and shortly after it got removed because it was "irrelevant to GME". Yeah sure, let's ignore the Gamestop sub issues because it's not about the stock. How incredibly short-sighted. And the reason for his perma-ban is an accusation for "threatening" ([Source](https://imgur.com/a/Mn4MHVT)) a mod in the comments because he said "irl karma will come for you". [Source](https://imgur.com/a/MQSoPch). Boy is that a threat, he really must be plotting something with that karma guy huh. + + +Good morning Apes + +Expect fuckery. This is a CRAZY week on the options side. The hedgies absolutely cannot lose control of the price this week, they will use every trick and cheat that exists this week. + +I don’t think this is a week where anyone is worried about max pain. This is a week where hedgies just need the price as low as they can get it to avoid those call options going ITM. The delta hedging could start to form a terrifying gamma squeeze if these call options started getting ITM. + +That dark pool buy / open market sell trick. Yeah, they are going to keep doing that. They have too. They probably have dozens of tricks apes haven’t even noticed yet. They will all be in play this week. + +The options market is where to watch the fight this week. And it’s already growing. + +I made a post here [https://www.reddit.com/r/Superstonk/comments/mowgh9/faking\_a\_squeeze\_would\_backfire/](https://www.reddit.com/r/Superstonk/comments/mowgh9/faking_a_squeeze_would_backfire/) on Sunday, where I fortunately was tracking option numbers. + +We already see some major changes in the numbers + +On Sunday the numbers were + +200 5,197 calls + +250 4,232 calls + +300 4,986 calls + +350 2,379 calls + +400 4,858 calls + +500 6,645 calls + +600 5,273 calls + +800 33,300 calls + +This morning the numbers are + +200 7,738 calls (+2500) + +250 6,335 calls (+2100) + +300 6,974 calls (+2000) + +350 3,044 calls (+600) + +400 5,944 calls (+1100) + +500 8,333 calls (+1700) + +600 5,265 calls (not much change) + +800 40,208 calls (+7000) + +That’s an extra **17,000 call** contracts since Sunday on just those 8 strike prices. And if you look lower, starting at 150, there are at least 1,000 calls on every strike price up to 200, except 155 and 195. + +And remember when dealing with call contracts, each one represents 100 shares. So that is 1.7 million shares that are represented in those extra 17,000 call contracts. Those 8 strike prices currently represent almost 8.4 million shares that would need to be hedged by option sellers to remain delta neutral. + +So expect the price to do some crazy shit this week. The hedgies will be trying to tank the price as much as possible. If there truly are long whales in play (looking at the option chains it’s possible) they aren’t betting on a max pain week. Those options were placed to fly. + +No one is looking at max pain this week. The option chain this week is INSANE. This is not a normal options week. Next weeks highest call count is 4,757 at 800 (sigh, come on guys). The next highest is 1,198 at 300 then 1,124 at 200. + +I’m not saying play in contracts (if you don’t know how they work intimately, it’s best to avoid), I’m not saying YAY gamma squeeze. I’m not expecting anything until someone makes the hedgies play by the rules. I’m just saying that they are going to cheat like crazy this week, because they are looking at a terrifying option chain that could pre-launch this thing into margin call territory. + +None of this is financial advice, just an ape who likes looking at numbers. +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! + +[BOOM](http://www.cnbc.com/2018/06/06/shorts-against-teslas-stock-lose-more-than-1-billion.html) + +How come this wasn't posted with all the other Tesla news here we get every day? How much did y'all lose? + +> Tesla bears have lost nearly $5 billion in mark-to-market losses since 2016, S3's head of predictive analytics Ihor Dusaniwsky told CNBC. + +Ouch. + +Hey everyone - usually more of a lurker than a poster but have come to a bit of a career crossroads and decided to post in order to seek advice. + +I’m 27 years old and have spent first 4.5 years out of college working in investment banking and private equity. The work has been incredibly demanding with high stress levels and long, unpredictable hours. The comp has been great however and I’ve accumulated a net worth of $600k in this time. Currently make around $250-300k per year but varies with bonuses. + +I’m now at a point where I’m starting to burn out a little bit and considering other career paths. My PE fund invests in SaaS companies so I have good experience there and think I’d be a compelling candidate for finance / strategy / corp dev roles at such companies. + +Given many people on this board seem to work in tech, I’m wondering if anyone can share anecdotal detail of what type of roles and total comp one could expect coming into tech with ~5 years of high finance experience. + +I realize I’d likely be taking a slight pay cut but I would consider reducing pay if it meant working predictable hours and having weekends / vacation back. + +This is certainty an open ended question but any feedback would be appreciated. Thanks in advance. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I’ve been following Superstonk since it started. If I had not seen the posts about the real estate market and MBS’s/the coming fallout, I probably wouldn’t have refinanced my house several months ago and got rid of my HELOC and got a better interest rate. I don’t think I could’ve survived financially with the variable rate on my HELOC. For once in my life I was educated and prepared for what was coming. Thanks apes! +The account was about £4,200 in credit, it all came about because there was a large leak at the meter a year and a half ago, and the bill direct debit automatically massively increased to cover it, and never went back down, even though Thames Water refunded the initial bill. No wonder she'd be struggling a bit with money, she thought paying that much was normal, and that water around here was just expensive... + +They're refunding her the amount her account is in credit by. + +Not sure what the moral of the story is here, check your bill accounts I guess..? + +Edit: Thanks to some suggestions here I'm helping my mum raise a complaint with Thames Water. Maybe if anything we'll get some of the interest I'm sure they've earnt on it. + +Edit2: She got £150 compensation +Hi everyone, + +I'm new to ETF investing. I'm interested in starting a 3 fund portfolio but there's something bothering me. Once I have invested my money in an ETF (index fund or thematic etf), do I have to follow the fund performance closely ? Or can I just keep investing in it blindly ? I mean, does passive investing really mean completely passive ? + +Thanks for your guidance :) +I bought $VDE (Vanguard Energy Index) about a year or so ago at roughly $70 a share and now it’s up to $112 a share, which is about 60%. + +I’m gonna be super honest with you guys and just say that I’m totally an amateur investor who has absolutely no idea what he’s doing, so I have no clue how to predict the top of this stock. + +Obviously oil and energy companies are trading at all time highs, but I lack the necessary knowledge or experience to predict with any amount of certainty if these stocks are going to continue going up or if they have reached the top and will trend around where they are now and then drop in share price. + +Can someone smarter than me give me their opinion on this matter? I know that nobody knows anything with certainty, and we’re all just a bunch of morons on the internet, but I’d love to hear some educated guesses from some morons who are smarter than I. + +Thank you in advance! +Hey all! + +Throwaway account just cause. I’m getting hitched soon (36/m) and my wife to be has insisted we get a prenup, which I am totally fine with and understand why people do. + +Her family is very well off and as a result she has many trusts and corps that own income property/apartment buildings in her name. She has a high paying day job now which is very stressful (and she doesn’t really like), so I don’t know how much longer she will be in this field. I make way less than her overall and have no trusts or anything in terms of large inheritance, but do have plans to build up my business and be successful. + +The main factors of the agreement her lawyer drafted so far are to: + +1) Exclude her trust interests and corporate interests from her net family property for the purposes of equalization. + +2) To back out any income from her trust interests and corporate interests from her income for the purposes of calculating her income for spousal support. + +There is also a clause pertaining specifically to me owing her spousal support that states in the case that my income is greater than her “day job” income at the time of separation, then her exclusions will be factored in on the spousal support calculation (so I’m not paying support to her when she’s technically making more than me, just not on “paper”). + +I do have a lawyer looking at this, but I always like to know what others think is fair and what would you do in this situation. What would you do? + +Thanks in advance! + +(Edited: to make more sense on the spousal support clause) +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! + +Previous bear market killed the old-generation ETH-killers: EOS, NEO (almost unheard of nowadays) + +This bear market will kill the new-gen ETH-killers: Luna already dead, more to follow... + +Only the strongest will survive in the harsh bear market, and Ethereum will survive! +Looking like a pretty good quarter from Aritzia again! Inventory levels are eye opening, but they seem to be executing and have a rationale for it so I guess I can live it it for now. There's always warehouse sales right? + + +**Q2 Revenue** + +* Average Estimate - $454.61M + +* Actual Revenue - $525.5M + + +**Q2 Revenue Breakdown** + +* Retail - $351.63M + +* eCommerce - $173.89M + +* $525.5M (Q2 2023) vs $350.1M (Q2 2022) + +* USA sales makes up 50.1% of net revenue at $263.2m, increase of 79.8% from Q2 2022. + + +**Q2 EPS** + +* EPS estimate - $0.33 + +* Actual EPS - $0.40 (unadjusted), $0.44 (adjusted) + + +**Other** + +* SGA costs increased 59.8% vs Q2 2022 ($147.2m vs $92.1m), 28% of net revenue. + +* Gross profit margin down to 41.9% (Q2 2023) vs 44.6% (Q2 2022) + +* Cash/Cash equivalents at $65.4m (Q2 2023) vs $131.8m (Q2 2022) + +* Inventory at $455.1M Q2 2023 (!) up 150% vs Q2 2022, $181.9m. + +* Re: Inventory - *This season's inventory was planned at an 83% increase from the extremely low levels last year in order to meet sales targets. Inventory was booked earlier in order to mitigate the risk of supply chain disruptions. On top of that as an extra precautionary measure, the Company pulled forward the purchase of selective product for Spring. The Company is comfortable with its inventory position to meet client demand and for the season, expects normalized markdowns to be no greater than pre-pandemic levels.* +Transferred money to Groww Balance on June 29th via NEFT and it was deducted immediately. It still hasn't appeared in Groww balance on July 9th. It's scary that the money is just sitting somewhere with no quick resolution. I was told that it would be refunded - but even that has not happened. + +Since I have tried complaining many times with Groww. They simply do not respond or respond after weeks! Never faced anything like this with Kuvera or Zerodha. + +What options do I have? + +Edit : + Yesterday night July 9th, Groww team reached out to me around 9 PM and reassured me that the money will be traced and returned. + +Today July 10th, 9 AM the frickin CEO replied to this thread! +I recently came in to a large sum of money, which has allowed me to pay off my debts and my parents debts. + +I have 3 close friends with kids which are struggling with the cost of living and with mortgages and debts, totalling around £600k, how do I go about gifting what they owe without paying tax? +Hello all, + +I am a casual investor as of right now with my one property. I have been actively looking for a new deal for a few months right now and I just can't seem to find anything that is anywhere near cashflow positive. Maybe its my market but prices have increased so much that the rent I would have to charge is ridiculous. I know people say its always a good time to get into real estate but I really believe now the prices are over inflated on top of the higher interest rates makes finding a good deal harder than its worth. I know there are other ways around finding deals such as off market deals, but I have too many other things going on in my life to be able to find the time to do that. So I have decided to just hoard my cash for the next year or two until the housing market normalizes. This is just my general opinion and I was hoping for any sort of differing opinions on this topic. + +The main reason I have this view is because the Price to Rent ratio is at an all time high, last time it was in this range was 2005-2006. Also with all the talk of recession which I personally believe has a strong possibility of happening, inaction might be the best action. +Quick story - My friend is in a Carpenter's Union in New York City. He's only 21 years old and just bought a house in Jersey. A nice 2 bed room house that cost at least $250,000. He comes from modest backgrounds and just saved up money from his union job that he began working in at 18. I got to see it last night during his house warming party. As I left the fiesta with 3 friends, we had a heated discussion about his salary. My friends were kind of freaked that he was making as much money as he is (and saying that it's basically retarded). Regardless of the debate probably starting from jealousy, why the hatred to the fact that a carpenter is pulling in $25 an hour? Good on him. More people should be getting paid a decent living wage. + +So my question - why are so many against labor unions? Shouldn't we all be trying to pull in as much money as we think we're worth? Why be against organizing yourself in a manner that allows you to earn a higher than expected wage? + +I'm asking here because I'd like to see economic reasoning, not political reasoning as to why unions supposedly hurt our economy. + +*Edit - I also understand the exploitation and corruption that brews in many unions, but this is true in any organization. For every corrupt labor union, there's at least one corrupt employer. Either side of the coin tries to exploit the system to get their maximum share of the pie.* +Today I woke up with something to definitely be thankful for. I saw that I officially became a member of the two comma (or dot/space) club. How does it feel? To be honest, it feels exactly the same as it did when my NW still had one comma. + +I don’t make six or seven figures. I don’t have any crypto. Not a doctor, lawyer, engineer, or other high earner. I still make a five figure base salary as I did when I got my first “real paying” job. For the curious, mostly admin office stuff, new media, and resource mgmt). 20s underemployed and drowning in med bills, yada, yada, yada. + +My allocation is approx. 34%ish 401k, 52%ish 3 fund brokerage (VTSAX, VBTLX, VTIAX), 12%ish jumbo CD, and the rest in cash. + +My tastes and hobbies are still the same. Still have bills to pay. Still appreciate the same things: peace of mind, friends and family, cooking and eating, and enjoying new people, places, and experiences. + +I don’t fully subscribe to some of the FI beliefs I see in the sub like the remaining in a particular paying job despite the high levels of job dissatisfaction and the constant questions of how one would fill their time if not working. I am ok with my job, and have plenty of outside hobbies and interests to keep me busy. In fact, I am still planning a leave of absence soon to be able to spend more time with family and in my causes. Pandemic be darned. + +All said, I still have a ways to go in reaching my goals though. + +Here are things I wish I knew earlier in this journey: + +Start saving and investing as early as you can. Really, as early as you can. Compounding is no joke. When I got my first real job offer, I did not sign up for 401k deductions. I now see that as a mistake. Three years and a few more jobs and unemployment periods later, I signed up for the max deductions in my new job and have been maxing it out in my jobs since. + +Don’t be afraid of a little risk. A month after my first 401k deduction, I saw my balance declining. I freaked out and moved my money into a safer fund (but did not reduce my contributions). The money later recovered with the market and then some. This pattern would repeat over the years. Now I know that this is normal, and that we need to be in it for the long haul. + +Speaking of risk, after discovering this sub three years ago I decided to open a brokerage account and slowly dump my money in there. Lots more fluctuations than my 401k but I stayed in. Good move clearly. I now see I had nothing to fear in opening an account. + +Take care of your health. Medical bills are killer. I spent my 20s underemployed and broke, plus drowning in 10s of thousands of dollars of medical bills. The collectors are simply vicious. It took me years just to get to 0. Taking care of your health also puts you in a position to maximize work opportunities. For one of my temp jobs it required a special physical to make sure I could handle the job. If I failed that due to bad health, I’d not be where I am today. + +Be open minded and adventurous. I have taken jobs in the past 10 years that have come my way completely by surprise. Like that one I mentioned about the special physical. All were amazing experiences. While some I would not do again, I appreciate the experience and memories I got from them. + +Know your limits and when to stop. I have quit a few jobs too over bad bosses, bad and toxic working conditions, and when I saw the job weighing on my health. No job is worth your life. Be prepared to walk away for yourself and family if need be. + +Frugal is ok. This is me. I have always been frugal. Growing up living in the projects had a part in that. But also I don’t put a lot of stock in collecting material things. I like doing things with people, from walking around together to home cooking together. These cost much less than other things. + +Value and focus on experiences and people over money and possessions. Nuff said. + +That’s my very long story in a nutshell. I may update as needed. +I hear this all the time. Take bigger risks when you are young. When you are in your 20’s its fine to go heavy in high risk/high reward stocks. But this is flawed reasoning. + +The truth is taking big risks when you are young is more risky because of opportunity costs. People always mention compounding interest over decades. But fail to apply this to investing in risky stocks when you are young. + +Lets say you are 20 years old and you have $10k to invest. Its common to hear people say you can be more risky since you are so young. And even if you do YOLO and lose it all you can easily recover. But think opportunity cost. What did you really lose doing a YOLO? + +$10,000 + +Invest in an index fund that returns 8.5% annualized return + +Withdraw at 65 years old + +That $10k becomes $400k. So you basically lost $400k because you YOLOed on a risky stock. + +If you hold till 70 you lost $600k. + +At age 90 you can give your children and grandchildren $3.2 million. Or you could have fun and lose it all on a risky stock. + +Bottom line is a young persons greatest asset is TIME. Throwing investment time away by taking unnecessary risk is a massive mistake. + +I’m not saying don’t buy stocks that are risky hyper growth companies. But also don’t gamble needlessly. Because you are gambling much more than that couple hundred or thousand you see next to the stock ticker. + +EPS: $1.30 vs. $1.01 estimated + +Revenue: $81.41 billion vs. $73.30 billion estimated, up 36% year-over-year + +iPhone revenue: $39.57 billion vs. $34.01 billion estimated, up 49.78% year-over-year + +Services revenue: $17.48 billion vs. $16.33 billion estimated, up 33% year-over-year + +Other Products revenue: $8.76 billion vs. $7.80 billion estimated, up 40% year-over-year + +Mac revenue:$8.24 billion vs. $8.07 billion estimated, up 16% year-over-year + +iPad revenue: $7.37 billion vs. $7.15 billion estimated, up 12% year-over-year + +Gross margin: 43.3% vs. 41.9% estimated + +https://www.google.com.au/amp/s/www.cnbc.com/amp/2021/07/27/apple-aapl-earnings-q3-2021.html +My mother in law approached us the other day asking if we can put her as an authorized user on our credit card so she can build her credit. She has a recent bankruptcy and horrible credit, whereas our credit score is 800+. She won't actually be using the card nor have access to it, it will come to us, she just wants us to add her so she can piggyback off our good credit and hopefully boost hers in the meantime. My question is, would this have any negative impact to us and our credit? I initially told my wife as long as she does not have have physical access to the card or uses it, and if it doesn't have any negative ramifications for us, then I don't mind. Can anyone confirm that if we do this we will have no negative ramifications to our credit or anything? + +&#x200B; + +Thanks! +If you had to make your own portfolio that consisted of only 5 individual stocks, what would they be? Mine would be PEP, LMT, NOC, UNH, WM for overall appreciation + dividend +Has anyone had a really great out-of-the-ordinary museum experience in NYC? A guide who was particularly awesome or a museum that was particularly good. Taking some family soon and we’ve done the Met, MoMA, AMNH… looking for new ideas (though we’re happy to do the old standards). Willing to spend for something cool/private. +So I'm sure you have all seen Gherks recent autobiography that includes his reasoning for not DRSing his shares. He basically states that DRSing does not affect the shorts ability to create and use synthetic shares to short the stock, because locates simply aren't happening. This is correct, but it completely misses the actual point of why we are trying to register the float. + +GameStops publicly available float is between 30M and 60M shares depending on what all you're including. GameStop just announced the number of shares that were held in DRS in their last quarterly report (btw the fact they did this should already convince you of the importance of DRSing your shares, **this shit is unprecedented**). Assuming they continue to announce the total shares held at ComputerShare each quarter, we *will* eventually know as an indesputable fact when we have registered the entire float. + +The point of this is not to take liquidity and shares available to short away from the SHFs. In fact I'm convinced that theory is complete FUD. The real point of this is *publicly announcing that the entire float is owned by retail, while large volumes of trades continue to hit the exchange, which should be impossible.* + +When that happens, it's absolutely game over for hedgies. The corruption in the market will be undeniably exposed and the public, and I mean the entire public, will then be aware that we were right. Massive FOMO, protest, and hopefully regulatory action *will* follow. + +Options plays creating gamma pressure certainly helps create squeeze situations, I'm not denying that. But it's not only foolish to say that options are the only way to force MOASS, it's actually completely wrong. I am completely convinced that once the entire float is registered and it is announced publicly, MOASS will begin. + +It would be a analogous to when Porsche announced that they owned 74.1% of VW which notified the public that there was a very small number of shares available (6%) to be bought up by hedge funds to cover the 13% short interest that existed. The difference is that GME is probably shorted an order of magnitude higher than 13% and at that point there would be exactly 0% of the float available to purchase to cover those positions. Infinity pool anyone? + +I'm sorry but stop fanboying for people that have a platform to uphold. Gherk built his platform on options plays and now he refuses to change his mindset because that is what brought him his following. I don't have any hate for Gherk but I really dislike the fact that he has such a large presence here and sows doubt on our one true ticket to salvation. DIRECT REGISTERING THE ENTIRE FLOAT. + +DRS is the way. Peace out y'all. +I shitposted a lot in 2017. I was awarded 80k reddit moons earlier this year which I sold on the rinkeby testnet using XDai and honeyswap and immediately bought BTC with it. (0.92 BTC to be exact). + +That BTC is now worth $23,736 at a price of $25,800 per BTC. + +I have literally made $24k from memes and shitposting. + +Thank you reddit, thank you to the crypto community. + +Although it doesnt make up for all the BTC I lost since 2017, it still brightens my day and I will hodl this BTC until the end of time. + +I love you all. + +Edit: for those who are skeptical, I unloaded on September 26, when the price was hovering between 8-13 cents. I sold 500 at a time over about a 24 hour period. I got >9100 dai total for my 80k moons and traded it for 0.92 BTC + +Edit 2: $25,576 at a price of $27,800 16 hours after making this post. + +Edit 3: For those needing solid proof, i was posting on 4chan as I sold them. The thread https://warosu.org/biz/thread/22847095 shows some screenshots of my haul as I was selling. +9 out of 10 dentists agree that this is more than likely a sign of good things to come, including even higher moons and money in their wallets and (if they got into ETH), maybe even respect from their relatives after losing it for going into such a vile, scary profession. + +May your day be as good as ETH's price is atm. 🌛🚀 +No one of us knows what XYZ is going to do tomorrow or next week or next year. And it also doesn’t matter at all, because as longer as there are no facts in the present it’s a bad decision to open a trade. + +Don’t just sell resistance, because it’s resistance. We will never know if it breaks or not till it happens. Wait for new lower lower and lower highs and enter the market. + +Don’t just buy support. Wait for the market to make higher lows and higher highs. + +We can’t rely our money on gut feelings and guessing. + +So please stop asking what XYZ is doing next, because we don’t not either. We’re waiting till we see a clear confirmation in the present moment to enter the market. And if you’re not confident enough about your analysis you shouldn’t trade at all, but master the skill first. +I moved 6 months ago because the landlord was moving back in and the new place I got was $40 cheaper. I’ve only just realised that places available now are now an extra $50 cheaper meaning a reduction of $90 a week for me compared to last year’s rent. + +I’m going to negotiate with my landlord to get the extra $50 off, and if they refuse, no biggie because there’s a glut of properties available in my area so it will be their loss. I’ve also worked out that I would recuperate the costs of moving within 2 months. + +Just thought I’d send out a reminder to others as I never would have bothered to check otherwise and who doesn’t love having extra money. +As per this interesting post: [https://www.reddit.com/r/Superstonk/comments/ppod1x/computershare\_only\_trades\_through\_the\_nyse\_look/](https://www.reddit.com/r/Superstonk/comments/ppod1x/computershare_only_trades_through_the_nyse_look/) + + +I think this is a really HUGE deal. It means real buys are hitting NYSE impacting price. Real sells are also hitting NYSE and not going to Dark Pools where they can likely be doing all kinds of front-running, wash sales, share dumping and the like. + +Buying and selling (dirty word) on ComputerShare is literally like taking the bullets out of their gun. +Just to preface my tenant always pays rent on time and is nice and they have a lot of children. On my last visit to the property, there was a lot of non ordinary wear and tear e.g. hole in the door, missing wooden sticks for the staircase siding, a lot of bad stains on the carpets, etc. + +I dont want to wait until my tenant moves out to address this as Im concerned the damages will be over the $3000 security deposit by the time that rolls around. Does anyone have any advice on how to approach this scenario so that I can possibly proactively save myself and my tenant time in the future? + +Can I begin charging for damages and take from the security deposit, or enforce a deadline for them to repair that is before the lease officially ends? +Thanks in advance + +Edit: I guess a sub question from this is + +Do I need specific verbiage in my lease agreement to bill the tenant for the damages premature to the termination of the lease? Like can I bill the tenant on next month’s rent for the damages without stating it somehow in my lease explicitly? +https://theoutline.com/post/3840/frugalwoods-frugality-millennials?zd=2&zi=xm7kv2ej + +Saw this over at r/frugal (https://www.reddit.com/r/Frugal/comments/86lgbg/being_frugal_is_for_the_rich) and it really pissed me off. Why are people so invested in denying even the possibility of FIRE? It seems like the attitude is that because everyone can't do it they think no one can do it. +https://www.cnbc.com/2019/01/03/goldman-sachs-says-apple-will-have-to-cut-2019-numbers.html + +* * * + +Shortly after Apple slashed its revenue guidance for the first quarter, Goldman Sachs said the iPhone maker will likely have to bring down numbers for the full year. As those results drop further, so will the company's shares, the firm said. + +"We see the potential for further downside to FY19 numbers depending on the trajectory of Chinese demand in early 2019," wrote Goldman's Rod Hall in a note to clients late Wednesday. + +The company sees first-quarter revenue of $84 billion vs. a previous guidance of a range of $89 billion and $93 billion. Analysts expected revenue of $91.3 billion for the period, according to the consensus estimate from FactSet. Apple blamed most of the revenue shortfall on a slowing economy in China in the second half. + +Apple shares dropped more than 9 percent to $143.70 in premarket trading after ending the first day of 2019 at $157.92. And Goldman's Hall slashed his 12-month forecast to $140 from $182. He also lowered his full-year 2019 revenue estimate by 6 percent to $253 billion and his full-year EPS estimate by 10 percent to $11.66. + +Nokia comparison +"We have been flagging China demand issues since late September and Apple's guidance cut confirms our view," wrote Hall. "We do not expect the situation to get better in March and would remain cautious on the region." + +But the analyst went further, comparing Apple to the fallen phone maker Nokia, which became reliant on customer upgrades in the face of a saturated market more than a decade ago. Customers delayed replacing their phones for longer and longer as economy slowed, Goldman notes. + +"Nokia saw rapid nexpansion of replacement rates in late 2007 that was well beyond what any linear forecast would have implied," wrote Hall. "Beyond China, we don't see strong evidence of a consumer slowdown heading into 2019 but we just flag to investors that we believe Apple's replacement rates are likely much more sensitive to the macro now that the company is approaching maximum market penetration for the iPhone." + +Goldman got to its new price target by applying just a 12 multiple to the firm's new earnings estimate. Its previous price-earnings ratio was 13.6. +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! + +🚨🚨🚨Alert add - https://www.bloomberg.com/news/videos/2021-01-23/summers-says-markets-will-survive-reddit-traders-video - Crony Capitalism at its finest. They don’t want the competition on market forces or adapt to new technology for better researching and information sharing so now, they will lobby Congress to change the laws and they will do it quickly because they have the money to do it. + +Add 1 - please upvote and pin, make sure every retard reads this!!! It’s like a poker game, never show your cards, have poker face, and don’t ever count your money at the table. (Kenny Rogers i fucked up the quote but I’m retarded so whatever) + +Add 2- No to going “underground” either. We are an OPEN forum. People can come and go as they please just like a SIDEWALK OR STREET CORNER. Underground suggests organization lol. + +Fellow retards, many of you may not realize it but, the corporate world is fucking brutal and basically animalistic warfare. Don’t believe me? Read “Barbarians at the Gate” or watch the movie if you’re too retarded and you can’t read [TV Movie Here](https://youtu.be/iPhF_YwWvoM). +We made Citron and Melvin Bleed this week ([Melvin](https://www.reddit.com/r/wallstreetbets/comments/l2wz14/melvin_hit_hard_by_the_wsb_retards_doesnt_stop/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) had to get $1billion money loan Citron did it in 2018 on Tesla Loss) and they don’t like that. If you saw the letter they tweeted out you’d see why we gotta watch out [Citron getting defensive laying the groundwork for a counter.](https://twitter.com/citronresearch2/status/1352627162508005376?s=21). They are already setting up the groundwork to get law enforcement and SEC involved. They’ve alleged that some idiots allegedly sent death threats, harassed and spammed there office email and phones, etc. As of now, there is no proof that it happened but even so this is a forum and it’s not responsible for individual being assholes. Boomer old money will get dirty and ethically dubious to maintain power rather than innovate and compete. I promise you, They are already meeting with one another to figure a way to turn this forum off. Corporate espionage, hostile takeovers, and crowd-outs...all’s fair in love and war I guess. + +We’re a forum, not an organization or a firm, and we need to make that painfully clear to every fucker who says otherwise (boomers looking in and newbies here). Optics and a paper trail to boot will ensure WSB stays a forum for all to come and yell out their yolos, give DD, view loss porn, and brag about gains! This isn’t a firm, we’re basically a bunch of retards yelling on the street corner or at the NY Stock Exchange floor yelling to buy waffles ([family guy scene - buy waffles aka this is us](https://youtu.be/fm2mlT7q7mY) ) that’s not illegal, that’s actually how stocks have been in the past, where where one retard says “I hear business x has new shit, buy x!” Then everyone joins in the feeding frenzy to buy (or sell) x. We’re just a digital version. None of this twitter account bs that we thankfully shit them up ( we really need them to shut it down completely). Members here, do not go and poke the beehive. **If a new member does this shit they may be an infiltrator from the firm trying to sabotage us from within so be on the lookout for other people’s behavior.** Let’s play this smart, keep comments and shut here and let’s all go to infinite and beyond! 🚀🚀🚀🚀🚀🚀🚀 +On one hand, [I’m reading that China now has a debt/gdp of 300%](https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1UD0KD). However, on other websites, [I see that China’s debt/GDP is a actually more like 51% since December 2018.](https://tradingeconomics.com/country-list/government-debt-to-gdp) + +This implies that in just 7 months, the Chinese have borrowed 10s of trillions of dollars. There should have been a great macroeconomic shock, but there wasn’t. + +What’s going on here? +The FOMO is real in term of seeing how WSB making big bank on NIO, PLTR, TSLA, FCEL, CRSR. I gotta remember, I'm the one selling contracts to these tards and the moment I enter, the stock will tank lol + +I'm up more than 50% since May 2020 via mostly theta. Gotta keep track of the long road - a slow but steady income. No FOMO. All HOMO. + +How about you guys? Do you get the FOMO itch? +Long time lurker. Currently have a very long way to go on my lofty goals. However I just wanted to get your guys thoughts. + +I have 5 individuals in my life that are close friends or family that each have wealth ranging from 10M-75M. As I’ve spent a lot of time around them I’ve noticed one trend: they are all largely unhappy. + +Each one of them has a terrible marriage or alcoholism problem. It also seems that they can just never relax either. What I imagine is they have worked so hard in life to gain this position that they can never turn the switch off and sit back. + +I have always told myself “when I get to that level I’ll be laid back with not a care” but now I find myself thinking about work 24/7 and I wake up at 5am no matter what now. How do you combat this? + +*U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.* + +*Many U.S. airlines are cancelling between 60% and 80% of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, Elizabeth Warren and Richard Blumenthal said in a statement.* + +Read full article here: [https://finance.yahoo.com/news/u-airlines-sitting-10-billion-140848034.html](https://finance.yahoo.com/news/u-airlines-sitting-10-billion-140848034.html) + +The question is if these lawmakers/senators would force the airlines to refund the passengers or would they sleep with the airlines? + + +Edit: original post here: https://www.reddit.com/r/stocks/comments/g3363x/us_airlines_sitting_on_10_billion_in_travel/ +# TL;DR: Too much is going on right now in the financial world for it all NOT to be connected. And if Michael Bury and other financial experts are right, then the United States and other countries across the globe will soon be in a dire economic situation akin to the Great Depression. Where there is smoke, there is fire. + +This truly isn't "original DD" as it is an easy source to find all the information relevant to a pretty common conclusion many of this sub are making; + +# The United States Economy is about to fail. + +I will do my best on this post to list all the information in chronological order. + +**1.) The United States Government is responsible for reporting total liquidity in the markets, saving deposits, and large deposits in banks. These are known as M1, M2, and M3. However, they are no longer reporting 2 of the 3 sectors of liquidity in the markets.** + +[Just before the 2008 Financial Crisis, they have since stopped reporting M3 (large bank positions)](https://fred.stlouisfed.org/series/M3). + +&#x200B; + +[M3 \(Discontinued as of March 13, 2006\)](https://preview.redd.it/gnpd0hqsoju61.png?width=2338&format=png&auto=webp&s=c7df90ae36fe1dd66e565f2782de818350cdf70e) + +[And as of February 2021, they have stopped reporting M1 (total liquidity in the economy).](https://fred.stlouisfed.org/series/M1) + +&#x200B; + +[M1 \(Discontinued as of February 1, 2021\)](https://preview.redd.it/skmpn49voju61.png?width=2342&format=png&auto=webp&s=03e4b81b3b732ac0192f8ea8d17003c394befa14) + +# In other words, trillions of dollars in the market are currently unaccounted for; especially the 40% of total US Liquidity that has been pumped into the economy as of May 2020. + +**2.) Michael Burry, the man who saw the Housing Market Collapse happening three years before it did, warned on Twitter again of how the current US Economy is "balancing on a knife's edge".** + +&#x200B; + +[Link of Tweet from Michael Burry \(now deleted\)](https://preview.redd.it/75bh96kypju61.png?width=1184&format=png&auto=webp&s=4eb598cc721f89c9942c8aacef9eb1868edb8273) + +&#x200B; + +[Final Tweet before account was deleted](https://preview.redd.it/mixmyd83qju61.png?width=1924&format=png&auto=webp&s=61df98c905b8cd68e95dac3feb047b249a1c479a) + +# Now, Michael Burry's Twitter account has been deleted and has continued to remain silent after the SEC visited his home. + +&#x200B; + +[From March 18, 2021](https://preview.redd.it/kgi2pciaqju61.png?width=2814&format=png&auto=webp&s=3ad5b6920e4100c01d4a0bc03b3561929b156460) + +**3.) In December of 2020, Warren Buffett has his company, Berkshire Hathaway, sell all their positions in large banks.** + +&#x200B; + +[Enough said.](https://preview.redd.it/on9y9klyqju61.png?width=1780&format=png&auto=webp&s=5dacdd84fa383d4f7c6bf2cd377877af5bbf91b7) + +[SEC Link of such transactions can be found here.](https://www.sec.gov/Archives/edgar/data/1067983/000095012321002786/xslForm13F_X01/0000950123-21-002786-3286.xml) + +&#x200B; + +[Here's a quick snippet of Berkshire Hathaway selling their bank positions \(link above\)](https://preview.redd.it/2g8f46j4rju61.png?width=2844&format=png&auto=webp&s=69005fcb2754a925dad35c7a2ab116330a789961) + +# Warren Buffett also stated in his annual letter to Berkshire Hathaway shareholders that the future of American Bonds is grim. + +[PDF to Letter Linked Here.](https://www.berkshirehathaway.com/letters/2020ltr.pdf) + +[Link to full letter can be found above.](https://preview.redd.it/6wsm82plrju61.png?width=1712&format=png&auto=webp&s=a3e9776727f13c74b90c2e2cba3841b6c01af3df) + +**4.) The DTCC, SEC, Federal Reserve, and Congress are changing the structure(s) of the financial world like there's no tomorrow.** + +# For one, there is now no longer a taxpayer bailout for big banks. + +&#x200B; + +[Effective March 19, 2021](https://preview.redd.it/1uj8xk4vsju61.png?width=2768&format=png&auto=webp&s=b32e38511d9a09f9b682f0a466067ab877848ae9) + +# The SEC is currently holding closed-door meetings every month instead of one every other year. + +&#x200B; + +https://preview.redd.it/vdxrvwp0tju61.png?width=1344&format=png&auto=webp&s=02f1ca0baf42b27914a59b2ba95b702625ce4a22 + +&#x200B; + +https://preview.redd.it/hu9n4sw1tju61.png?width=1060&format=png&auto=webp&s=d014916d8e2d095c7d0e23f797df1007b63fe7c2 + +# At the same time, they have rushed to get a new SEC Head in during all of this occurring. + +&#x200B; + +[This happened of a Saturday.... but why?](https://preview.redd.it/rbft3tuauju61.png?width=1968&format=png&auto=webp&s=0fe8f72a5be4d63533380ed318f39ccf2dc7d4aa) + +# And currently, the DTCC is creating dozens of new rules and regulations (in regards to short interest, options abuse, collateral, etc.) + +[Link to DTCC site here.](https://www.dtcc.com/legal/sec-rule-filings) + +# Another thing that is super sketchy is how Congress has now called ALL big bank CEOs to testify in May in regards to unspecified reasons. + +&#x200B; + +[Just what in the world is going on?](https://preview.redd.it/w92n0llstju61.png?width=2614&format=png&auto=webp&s=e693a5d37220a8ccbf66264516ef43297a8ed3f2) + +**5.) While big banks are reporting record profits in 2021, they're also asking for billions in liquidity from investors and are working non-stop overtime even on weekends.** + +# Why would a bank who reports this; + +&#x200B; + +[Seems good.... right?](https://preview.redd.it/9myrjqqluju61.png?width=2718&format=png&auto=webp&s=351280cd96c5ca9141f41a678c6f7f69079e76d2) + +# Suddenly report this the very next day? + +&#x200B; + +[Why do they need the liquidity?](https://preview.redd.it/115ci57ouju61.png?width=2704&format=png&auto=webp&s=011994c5abe408702ab8e5b378e04c0e210b26fd) + +# Meanwhile, financial institutions across the globe are working hardcore overtime recently; 24/7 into the night even on weekends. + +&#x200B; + +[Citadel Traffic \(Google\)](https://preview.redd.it/uu43y86cvju61.png?width=1594&format=png&auto=webp&s=4b6a0b4f0f429a1197dfe080d2e3c03655c67a52) + +&#x200B; + +[Citadel, April 18 @ 4:20 AM](https://preview.redd.it/w449f8qjwju61.png?width=1110&format=png&auto=webp&s=952986c94eb410ac03f24c39da082e5b9d922bc1) + +&#x200B; + +https://preview.redd.it/nkq7z6nowju61.png?width=912&format=png&auto=webp&s=79509330421396a02e1812336163d374a44023bf + +&#x200B; + +https://preview.redd.it/xeafnocrwju61.png?width=1404&format=png&auto=webp&s=e86ff7c373667277ae1fd5b20a761a3410c1aa4a + +# These banks from across the globe, during a pandemic where most of their employees are required to work from home, are suddenly ALL working at their main buildings at bizarre times... + +# At the same time, banks seem to be preparing for riots in local areas for no apparent reason. + +&#x200B; + +[There's nothing happening in these areas, though...](https://preview.redd.it/k92jwqcqxju61.png?width=1308&format=png&auto=webp&s=3cdd014599311e2ae2e3dc1f9c7224634247575c) + +# [This Twitter user also captured a video on April 19th of dozens of police officers parking around the Department of Treasury for no apparent reason; doing nothing at the moment but stay at their positions.](https://twitter.com/maybe60794885/status/1384488283900719105) + +Once again, I'm going to state this; + +# TL;DR: Too much is going on right now in the financial world for it all NOT to be connected. And if Michael Bury and other financial experts are right, then the United States and other countries across the globe will soon be in a dire economic situation akin to the Great Depression. Where there is smoke, there is fire. +Posting from a throwaway because I speak for more than one person. + +Every time I come to this sub and try to post something constructive, I always get downvoted. Whether it be explaining certain concepts, pitching a stock (yes with analysis, not just blindly), talking about how to take on risk, or asking about certain concepts, I always get downvoted. The so called "unpopular opinion" + +This sub is a fucking joke. Everyone here acts like mutual funds, ETF's are god's creation. Ask a stupid question? Get down voted to oblivion. Pitch a stock? "NO blah blah longer run ETF will outperform." + +Who subscribes to this sub? A bunch of 50-60 year olds about to retire? Also, the fact that the most upvoted post this week is a comic about a financial advisor and fees speaks volumes about the type of people here. I'm pretty much done spending my time here. The discussions that happen in r/personalfinance and r/finance are way more friendly. + +tl;dr People down vote opinions they disagree with and that's why this sub will remain shit. + +Edit: Mods shadow banned me...wow. +PLEASE PM me if you are interested in joining a new subreddit that isn't a circlejerk of Vanguard lovers. Debating on whether to keep it a private sub... + +Edit 2: I have made a private subreddit. Starting to respond to PM's. If you are interested in a private subreddit with higher quality content and you haven't PM'd me yet, send me one. This new subreddit will only thrive if people post quality content. I will work hard to post quality content as well. Sorry, I won't allow people who are beginners to join but come back when you have developed a skill or have gained knowledge in a investing sector. The bar has to be set somewhere. Let's bring on the POSITIVE constructivism with a huge slice of financial expertise with variation. + +Edit 3: Don't forget to PM me your background, that would be helpful. ANY expertise in the area, please list. Portfolio return, education, etc. Consider it a resume. If you intend to lurk, then the new sub is not for you. TO CLARIFY THIS IS NOT SOME SORT OF ELITE CLUB. I'm just not going to allow people who are clueless. + +Final Edit: Wow, I am floored by the response. I'll try to respond to everyone within the next day or so. I hope we all can create a more positive sub for investing. +I've been making some research regarding how viable a degree in economics is work-wise. + +I struggle to understand why a lot of time people say "finance is better" or "go with accounting": aren't these all the same majors? +They are where I live (Italy) it's all under the "econ" umbrella. It may change postgrad-wise but here it's something like "econand commerce" or "corporate economy (rough translation) - and they both have finance and accounting in them. +I have been unemployed for the last 2 years. A mix of bad luck, low skills, and time unavailability due to my family's needs have made it near impossible for me to land a well paying job. + +The reason I can remain unemployed? My trading capabilities. I have been trading since 2012, and profitably doing so since 2018. + +Shortly after I lost my job due to a negligent mistake at work, I began trading full time and have been generating a consistent return that is more than sufficient to provide for me and my family since then. + +As my account grows in value every month, the risks of me going broke get lowered by the day, and my strategy has passed many real world stress tests, including the latest COVID financial market volatility. + +&#x200B; + +When people ask what I do for a living, I tend to feel embarrassed to say that I trade for a living. Many people first call BS and think I'm making everything up. If they don't say so, they give me the looks like they do. I get responses ranging from "ooook?" or "oh wow... really? Isn't that like risky?... oh... wow.. I see... ok then" + +Others think its only a matter of time before I end up blowing my account. + +Others think I am a 'leech' of society, making money off of other people's losses, and not generating anything useful. I once had a person say that people like me are the root cause of society's woes, whereby 90% of money being made today is done by pure speculation. They sort of had a point. Our economy is FUBAR, as the military slang goes. + +On my LinkedIn profile, I wrote that I'm an "account manager" at some made up company I came up with. But that's just one big fat lie. In reality, I'm simply a good trader. + +I am able to profitably trade anything ranging from cryptocurrencies, commodities, ETFs, stocks, fiat... you name it. + +Or maybe it really is just one very big fat streak of luck... The odds of it being so are slim to none in my view. I have placed well over 20k + trades so far and I'm still going. + +How do you tell people that you really did find the perfect recipe(s) to trade the markets profitably on a consistent basis? +I got pregnant right around the time I bought my first few shares of GME, and I'm not one of the early ones. She was born full term a couple weeks ago. Where's my fucking tendies, Kenny? Where's any sort of action or acknowledgement of what's going on, GG? I made an entire person. Surely you guys can do SOMETHING! + +My first shares were bought around $350, and I've averaged down since then. I'm a small ape, only XX shares, but I hate the idea of having to work and not being around for a large portion of my kids' lives. In a couple weeks, my husband has to go back to work. I will have to go back about a month after. + +This is all bullshit. My kids deserve better. I deserve better. You deserve better. Why the fuck does Kenny and all the other SHF assholes get to keep spending their time and money how they want? Why are they allowed to have everything, while all I'm asking for is the ability to spend time with my kids? + +Okay, end rant. Thank you for listening. + +Edit: I'm not sure why many of you think I'm not patient. You can be angry and patient at the same time. My rage fuels me to keep buying, keep caring, keep hodling. I've DRSed many of my shares, and I'll continue to invest in my favorite stock as frequently as I can. I can still be mad about the whole economic system though +Reading some posts on this sub about how wise it is to invest in the S&P500 and seeing a lot of backlash against people explaining that investing in the S&P won't make you rich, I decided to do the math for the period 2010-2022. + +So, since 2010 to this day, ***in one of the best decades of the stock market***, the mighty S&P would have grown your $10,000 investment to $35,900 or to $26,150 adjusted for inflation. That is a real ***yearly rate of return of 8.3%***, again, in one of the best periods to invest. + +If that 8.3% (inflation-adjusted) makes you happy, that's fine, but I don't see the need to argue with people who are aiming for more and who, most of those here, reach a better return. Personally, I don't see it as an impossible hurdle rate as some of you guys are trying to portray it, just because you don't try to do better. +Hey guys. I just want to bring awareness to phone number phishing. Most of us here are pretty broke and probably living paycheck to paycheck, but if you are someone that has a contracted cell phone account with one of the big four, Sprint, ATT, Tmobile, or Verizon, this message is for you. I work for one of the big 4 carriers. + +&#x200B; + +The phishers steal your pin ... somehow. Either they phish you with a spoofed text or phone call, they hang out at Bestbuy and listen to you speak with an actual bestbuy employee, or they are a legit employee that sells your info, or your info is on the dark web. + +&#x200B; + +Next, the phisher calls in with your name, pin, address, and phone number. Sometimes they don't even know what phone number they're calling in about. It might be your 8 year old's phone number, it might even be the number attached to your apple watch or your tablet. Or, it's YOUR phone number attached to your bank account. + +&#x200B; + +While they are calling in to get your account number, they are at Walmart or some other indirect authorized retailer purchasing a tracfone or straight talk phone. They immediately set up a port to take your number to their burner. + +&#x200B; + +Within minutes of completing the transaction, they access your bank account. The bank account sends a secure verification pin to YOUR phone number, which is now on their phone. + +&#x200B; + +Ta-da. Your bank is then emptied via paypal, venmo, or 7 giftcards at walmart. + +&#x200B; + +A couple hours later, your child or friend is trying to call you, but they can't get through. They send you a text (which will probably work if your phone is on wifi). You call in to get tech support. You learn your number has been disconnected. You then put 2 and 2 together. Earlier, your bank or credit card company alerted you to suspected fraud. + +&#x200B; + +You now have to file a police report for identity theft. And did you know that stealing a phone number is not a crime, and many police departments WILL NOT FILE A REPORT? The only way to file the report is to bring proof from your bank or your credit card company that someone attempted to withdraw funds (or were successful.) + +&#x200B; + +Now, anyone that texts or calls your phone number goes to the person that stole it. If you are a business owner, your clients are calling and potentially leaving their identifying information on voice mails or texts. And the process continues. + +&#x200B; + +**TLDR; I urge you, if you have a postpaid contracted account with the big 4, call customer service and request a port freeze or port protection. Ask for specific "hot remarks" or notes on your account stating to NEVER allow a number to port out. Because you are a target and you don't even know it. Never give out your pins, passwords, or last four of your SSN. If anyone EVER contacts you and tries to tell you that your account is compromised and they need one of those things, they're fucking lying. We will** ***never ever ever ever ever*** **call YOU and ask for your pin over the phone. We do a COMPLETELY different type of verification if WE call YOU.** + +&#x200B; + +**Edit: Lots of people asking about prepaid accounts, I don't see it happen often, but it does happen. My speculation is because there is no SSN attached to prepaid accounts, it isn't going to be useful to try and take the account. With postpaid, your SSN and address will always be there if you try to break into someone's account.** +On september 19th ethereum will switch from using graphics cards to verify its network + +this is called the merge +ethereum will become a deflationary currency and its daily mint of new ether will drop by 99% +its current price is 1700 usd per ETH +ethereum at +10-20k per ETH within a few years is not unlikely +if you own 32 ETH you will have your own node which will give you intergenerational wealth. Your grandchildren will be using this same node. + +The decision is yours. +Bitcoin is 11 years old now, and has had weathered the coronavirus crash with a v-shape recovery. Bitcoin consumes more electricity per year than the whole country of Switzerland. The number of hardcore fans is growing year by year, but the price has been very volatile and bearish for the last 3 years. Bitcoin hasn't really caught on as a payment system, as it's rare to find an online retailer to accept bitcoin. Most bitcoin users use it as a store of value, much like a savings account that might increase in value. It is, however, increasingly becoming more accepted as an investment class by the financial elite. + +So I guess I ask, where do you see bitcoin going in the next 10 years? +I found an Index ticker named: QYLD with yields that goes up to 12%. +Basically with some basic calculations if I invest $22K I'd be making $500 in passive income every month. Is this real? And are there better growth stocks/index's that are more reliable. I've heard of JNJ, APPL and other stocks that give dividends but I want to choose the right one. +Do crashes affect the dividend yield of a company? +Do stocks and index's have pros and cons or are all the same? +Am I better of choosing a growth stock or anything with a high yield? + +I just got into the market in late 2020 and recently discovered that dividends can make a difference at a young age. I'd appreciate it very much if you can help me out. + +Edit: I got the calculations wrong, don't down vote me to hell lmao, perhaps the website I told me the wrong numbers. It said it was $0.49. My bad. +**TA;DR:** Recent filings from State Street, BlackRock, Vanguard, Goldman Sachs and Susquehanna show that institutional ownership has increased from 39% to 45% of float. This is the first increase since May 2021. Susquehanna’s filing today was clever. + +**TA;DR End** + +Here are the current top 18 Institutional Holders (RC Ventures is considered Institutional and Insider in Bloomberg): + +https://preview.redd.it/sbt6ng37kwh81.png?width=975&format=png&auto=webp&s=957c35a4a9476e64a8f51ec68c182e952ebdaea6 + +Note the increases from BlackRock, State Street, Geode and Goldman Sachs. Although the ‘File Date’ says 12/31/21, these were filed with the SEC recently. For example, we were notified on February 1 that the following [SC 13G/A](https://investor.gamestop.com/sec-filings/sec-filing/sc-13ga/0000834237-22-004089) Form was filed by BlackRock: + +[https://investor.gamestop.com/static-files/0aa4ae53-8b36-4dd0-8e3c-95d5588d9fd2](https://investor.gamestop.com/static-files/0aa4ae53-8b36-4dd0-8e3c-95d5588d9fd2) + +In the BlackRock filing: “December 31, 2021 - Date of Event Which Requires Filing of this Statement” and “Sole power to dispose or to direct the disposition of 5,194,518.” Based on BlackRock’s previous filings, we could see they increased their holdings by 473,900 shares. Same goes for State Street, Geode and Goldman Sachs filings. + +Ignoring Susquehanna for the moment, Institutional Ownership increased from 39% to 39.85% (of float) since December. + +[Current Institutional Ownership of Float = .3985 X 63,738,478 = 25,399,783](https://preview.redd.it/ajs7un1mkwh81.png?width=668&format=png&auto=webp&s=218e5b061a37390f35a79ee495bb818d10e80056) + +Current Institutional Ownership of Float = .3985 X 63,738,478 = 25,399,783 + +In my December post, Institutional Ownership was at 39.03% of float or 24,877,128 + +[https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys\_selling\_update\_on\_institutional\_ownership/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sb20kk/nobodys_selling_update_on_institutional_ownership/?utm_source=share&utm_medium=web2x&context=3) + +The Susquehanna filing today was clever. Reminded me of the Brazilian puts trick, but I don’t need to email Bloomberg for this one. In case you missed it, here’s the filing that came out today: + +[https://investor.gamestop.com/static-files/4f28d343-9df9-4268-8524-9fc4fe35f466](https://investor.gamestop.com/static-files/4f28d343-9df9-4268-8524-9fc4fe35f466) + +This was a joint filing for Susquehanna Investment Group, Susquehanna Fundamental Investments, LLC, Susquehanna Securities, LLC and G1 Execution Services, LLC. In aggregate, these four entities reported that they beneficially own 3,056,239 shares or 4% of GameStop. As some folks were quick to point out, the box for Item 5 was checked indicating that the purpose of the filing was to notify that they no longer own 5% of the GME. Hence, the assumption was that Susquehanna dumped about a million shares. While that’s true, Susquehanna has not had 5% ownership since Q4 2020. Same goes for Dimensional Fund Advisors, Senvest and Maverick Capital, which also just filed recently. + +Here's position size sorted by largest to smallest for Q4 2020: + +[ Q4 2020 sorted largest to smallest for position size](https://preview.redd.it/h461tvg4lwh81.png?width=973&format=png&auto=webp&s=70d8558bf70e8b8c5e64243568122343f749ebd6) + +Note that Susquehanna (SIG Holdings LLC), Dimensional Fund Advisors, Senvest and Maverick sold most of their shares by Q1 2021. This is the reason why they are filing – they no longer own 5%. + +Note above that SIG Holding LLC (Susquehanna *International* Group LLP) owned over 4.4M shares in Q4 2020. This represented over 5% of GME. There is no Susquehanna *Investment* Group, Susquehanna Securities, LLC or G1 Execution Services, LLC in Bloomberg, period. These are the entities mentioned in today's filings. However, there is Susquehanna Fundamental Investments, but they have had minimal ownership. + +https://preview.redd.it/m0eo3k6hlwh81.png?width=975&format=png&auto=webp&s=81183491fab17bdec183d45835bbb3053cb1be2b + +Note above that Susquehanna Fundamental Investments owns 7,200 shares as of Q1 2022 and that this matches up with today’s filing that states “Sole Voting Power 7,200” under the Susquehanna Fundamental Investments, LLC portion. + +The “big dog” in the Susquehanna filing today is Susquehanna Securities, LLC with “Sole Voting Power 3,027,687.” But again, Susquehanna Securities, LLC is not listed in Bloomberg, ever. Only SIG Holdings, LLC and Susquehanna Fundamental Investments are and they currently own 84,739 and 7,200 shares, respectively. However, SIG Holdings did own +4.4M shares (>5%) in Q4 2020. + +I believe the purpose of the joint filing was to try and hide the fact that Susquehanna acquired an additional 2,964,300 shares (3,056,239 – 84,739 – 7,200) since dumping their shares between Q4 2020 and Q1 2021? Why else would the 13d-1 form state that the purpose of the filing was notify that they no longer owned 5%? Only SIG Holdings, LLC ever owned more than 5%. + +Regardless of whether I’m right or wrong, I have never accounted for Susquehanna owning these additional shares (2,964,300). Neither has Bloomberg. The first picture in this post above lists top Institutional Holders. Susquehanna and affiliates are not listed. Furthermore, the 39.85% float ownership by Institutions (2nd picture in this post) does not include these shares. When the shares are included, the **Institutional Ownership increases to 45% or to 28,364,083 shares.** + +Why is this important? Because this represents the first meaningful increase in Institutional Ownership since the big drop in May 2021. Recall, Institutional Ownership was over 100% since at least 2010 to May 2021. + +[Institutional Ownership &#37; of Float](https://preview.redd.it/ovyk4mpbmwh81.png?width=974&format=png&auto=webp&s=b22b148a56f9f7894fff8c194e7da293c8e0cd3b) + +**TA;DR:** Recent filings from State Street, BlackRock, Vanguard, Goldman Sachs and Susquehanna show that institutional ownership has increased from 39% to 45% of float. This is the first increase since May 2021. Susquehanna’s filing today was clever. + +&#x200B; + +EDIT 1: Just noticed that Susquehanna's Calls exceed Puts in their latest Bloomberg filing. + +&#x200B; + +https://preview.redd.it/r9ml0ipufxh81.png?width=1895&format=png&auto=webp&s=09146693e6803ae156790f6c71c70c72c966d05f +Hi All, + +I'm a wannabe real estate investor. + +So. I guess I'm looking for encouragement or criticism or stories. + +**Background:** +I have a lot of experience managing property from years past, and as I am an immigrant to the US, I have always seen owning RE as the pinnacle of success. + +Today, I have a main job that's in tech and provides me with a stable income, and I am looking to diversify our investments to provide stability for our family as we will move to single income in the next few years. I've been wanting to do this for so long, that I've literally evaluated 100s of properties using cap rate calculators, my own spreadsheets, and various real estate agents. In 5-6 years, i've only been serious about two properties because everything else falls below my ROI threshhold. Peers of mine have bought multiple houses - houses I wouldn't have touched with a 10 foot pole because of their rates - and made out like bandits on the rent increases or equity growth. + +One property I lost out on at the offer stage. The other was mine and I chickened out (Retrospectively, i should've taken it.) (Important to note that I'm looking for remote investment opportunities b/c I live in a HCOL and can't afford to invest here.) + + +With all of that said, I'm feeling pretty down in the dumps and I was hoping to hear your stories or feedback on getting started. Am I suffering from analysis paralysis? Is it normal to be evaluating for this long without biting? Then covid hit and I thought it would be my time to buy! But no, values rose. + + +**Question:** + +Is it stupid to just give up on my dream of owning RE? I gotta be doing something wrong here, so maybe it's time to move on. Open to any ideas or criticism. + +&#x200B; + +Signed, + +Fake Estate +Hi All, + +I'm a wannabe real estate investor. + +So. I guess I'm looking for encouragement or criticism or stories. + +**Background:** +I have a lot of experience managing property from years past, and as I am an immigrant to the US, I have always seen owning RE as the pinnacle of success. + +Today, I have a main job that's in tech and provides me with a stable income, and I am looking to diversify our investments to provide stability for our family as we will move to single income in the next few years. I've been wanting to do this for so long, that I've literally evaluated 100s of properties using cap rate calculators, my own spreadsheets, and various real estate agents. In 5-6 years, i've only been serious about two properties because everything else falls below my ROI threshhold. Peers of mine have bought multiple houses - houses I wouldn't have touched with a 10 foot pole because of their rates - and made out like bandits on the rent increases or equity growth. + +One property I lost out on at the offer stage. The other was mine and I chickened out (Retrospectively, i should've taken it.) (Important to note that I'm looking for remote investment opportunities b/c I live in a HCOL and can't afford to invest here.) + + +With all of that said, I'm feeling pretty down in the dumps and I was hoping to hear your stories or feedback on getting started. Am I suffering from analysis paralysis? Is it normal to be evaluating for this long without biting? Then covid hit and I thought it would be my time to buy! But no, values rose. + + +**Question:** + +Is it stupid to just give up on my dream of owning RE? I gotta be doing something wrong here, so maybe it's time to move on. Open to any ideas or criticism. + +&#x200B; + +Signed, + +Fake Estate +Hi, I recently purchased 2 FDs, for 1 year each and my bank assured me a 5.5% interest rate. But now I see on INDMoney app that they're giving a rate of 7.5% on same amount of FD investment for one year. + +I'm sorry, is there a catch? What am I missing? Is SBM (bank partnered with INDMoney) even reliable? + +Here's the screenshot for reference: +https://freeimage.host/i/Li4WJ4 +[From Bloomberg: +](https://www.bloomberg.com/politics/articles/2017-02-16/trump-s-f-35-calls-came-with-a-surprise-rival-ceo-was-listening) +> Days before taking office, President-elect Donald Trump made two surprise calls to the Air Force general managing the Pentagon’s largest weapons program, the Lockheed Martin Corp. F-35 jet. + +> Listening in on one of those calls was Dennis Muilenburg -- the CEO of Lockheed’s chief rival, Boeing Co. + +> [Boeing] makes a fighter jet Trump has suggested might be an alternative to the F-35 + +> He appeared caught off-guard but was able to listen in on the call + +> Speaking to reporters Thursday after a congressional hearing on the F-35, [Lt Gen] Bogdan said that Muilenburg listening to the call “was not inappropriate. The things I talked about in front of Mr. Muilenburg were clearly publicly releasable information. I understand the rules.” +Edit: Seems it could be intentional sliding. As of now, more are showing up with plenty of upvotes. Either way, Buy/Hodl is the remedy. Edit2: The aggressive and unnecessary comments are only confirming sliding... as well as more personification and old ken memes showing up still. I rest my case. + +**STOP POSTING THE SAME MEMES** + +You are flooding the sub with the exact same "old man ken reaction" images. + +No effort. No creativity. No differences between yours and the previous 20 that are flooding the sub. + +I shouldn't wake up to **FIVE** of the same fucking images with crappy titles on "HOT" with tons of upvotes. I can let tweets from RC or DFV slide (self explanatory), but these no effort reposts for karma are getting out of hand (and not that funny tbh) + +&#x200B; + +Sorry I didn't want to be the bad guy, but this needed to be addressed. + +Back to your regularly scheduled Fuckery Friday in the casino. 💎🙌🚀 +If you are thinking of buying a house one of main things to consider is whether or not it is part of an estate or apartment complex. These will have so-called Body Corporate committees formed by residents to manage communal property - to do maintenance of buildings, structures and access roads; the operation of the pool and common rooms if present and so on. And one of the most important things such a committee can do is appoint caretakers if the complex is large enough to warrant that i.e. if the jobs are too frequent to manage on a voluntary basis. + +An objective outsider might think that the best way to do this would be as follows - have three year contracts to be renewed or allowed to expire on the basis of performance, and to have one unit owned by the Body Corporate to be leased to the caretaker for minimal rent (the idea being that residing there is a condition of the contract). Caretakers would also act as on-site estate agents overseeing the rental arrangements for unit owners who rent out their properties. And this is often how such estates are set up. But for most estates, at least for large ones on the Gold Coast, a different system is used - one that deprives owners of managerial control and forces them to pay inordinate fees to caretaking companies. Welcome to the world of extended management rights contracts (MRCs). + +An extended management rights contract requires the same responsibilities as the arrangement described above except that typically the caretakers own a particular unit to live in and the duration of the contract is much longer. How much longer? Well, the maximum legal duration is 25 years, and housing estates normally begin with some company having an MRC for that long. Selling the MRC to a caretaking company is seen as a convenient bonus for the developer as an incentivize for them. But what happens after that? Do Body Corporate committees revert to the sensible system of rolling 3 year contracts. Normally no, because a whole 'industry' (although 'conspiracy' would be a better word) exists to stop them doing that. + +How does that work? It begins with a consultant. Most large estates have consultants to help with the legal and administrative aspects of management, but they almost always have a hidden agenda. They are often recommended by the existing contract holder and have titles such as 'community mediator'. But from the moment they appear on the scene their objective is to amend the MRC so that it is extended (typically by five years at a time). There is no justification for this except that if the contract expires the MRC holder will not be able to sell it on. Of course it can be argued that that is *their* problem, no one else's, so the consultant would usually just say that the Body Corporate 'has to' extend the contract. This is argument by *perceived* authority, and it works for that reason alone. Body Corporate committees are effectively hypnotized into extending contracts - maybe this works partly because their members are volunteers. Sometimes several 5 year extensions are approved, meaning new contracts last 25 years and the estate is back to square one (in terms of obtaining its independence). + +How do these arrangements work out? Firstly, they are much more expensive that the sensible arrangement, for obvious reasons - the caretaking company knows the Body Corporate can do nothing about them for many years and remuneration is written into the contract. Secondly, due to the fact that the MRC has to be purchased it massively reduces the pool of potential candidates for that position - to those who can afford it, or borrow money for it, or some combination of those. This of course excludes a huge number of potential candidates who *would* make great caretakers. So if you want to be a caretaker but are not already wealthy just forget it. Furthermore, the fact that they normally have to borrow money for the MRC means that they worry about money. Payments to the caretakers *are to their company* so costs are taken out of that and they will try to skimp on the service in order to save money. + +They will also always be trying to extend the MRC so that they can sell it on before they leave. Normally obtaining these extensions is a condition of the loan they get to finance the purchase of the MRC, so if they do not obtain them by a certain date the bank will seize the contract. Then the residents will have to deal with a bank appointed caretaker for the remainder of the contract term - quite possibly over ten years. Obviously then there are underlying sources of conflict between the caretakers and the Body Corporate. No wonder a 'community mediator' is needed to smooth it all over! There have even been cases of Chinese nationals *allegedly* using such schemes to validate investment visas, i.e. they buy an extended MRC and operate the business for more than six months for visa purposes, even though they have poor English and *no relevant experience*. + +Extended MRCs are basically a plague of financial parasitism. It's as if a foreign army invaded the estate and privatized *every* government service, with the shares going to friends of the invaders who live somewhere else and the residents having no choice but to pay the extortionate charges imposed on them because they have lost all political control of their own community. It is capitalism gone mad - not just a free market where anyone can take part, but the contrivance of a massive financial barrier to entry that offers lucrative opportunities to the already rich and damns any other potential caretakers to diminished opportunities. And it sometimes does this by discriminating *against* Australian workers and citizens. + +The only thing to do is for Body Corporates to let extended MRCs expire regardless of the short term consequences and in defiance of the self-serving arguments of the greedy insiders who keep such an unbearable system going. Then at least there is hope that the plague will at some point come to an end. + +https://uoaq.org.au/2013/09/management-rights-to-extend-or-to-expire/ +https://theonsitemanager.com.au/news/the-latest-management-rights-termination-battle/ +https://www.legislation.qld.gov.au/view/html/inforce/current/act-1997-028 + +NB Another deeply annoying aspect of extended MRCs is that annual pay rises for the caretakers are usually written into the contract (with no possibility for review) as a proportion of *already excessive pay packages*. It's insane, regular home owners are not big businesses - we have to insist on value for money. +Hey, I'm a recently sober alcoholic/drug addict in Texas and I'm really trying to find a job. I don't know what to fill out for my employment history because I've quit or been fired from every job and they were all under a year, usually around 3-6 months. I don't have any references, like not even friends or family that I could put down. I'm living in my car (which is in terrible condition, sounds like it's going to die soon) but I do have a P.O. box that I can use for my address. I have $74 and that's after blowing through the recent $600 stimulus check on a major binge. Luckily my parents are still paying my phone bill on their family plan so I don't have to worry about that right now. + +I'm not sure what to do at this point. Do I just try to start over at like a fast food place or something and put nothing down for employment history and references? +Hello, + +I am interested to find out what possible problems may arise in the future if I continue to allocate money to the VWCE ETF. + +Right now I allocate about 40% of my net salary in this ETF, DCA monthly. + +What are the **worst** things that can happen? + +I should point out that I am pursuing a 20-25-year strategy. + +Some information about the ETF: + +Backtest information about the ETF: [https://backtest.curvo.eu/portfolio/vwce--NoIgbg7gxgpiA0xQEkCiAGdAhA0gViwEUAVADnQQEYBdWoA](https://backtest.curvo.eu/portfolio/vwce--NoIgbg7gxgpiA0xQEkCiAGdAhA0gViwEUAVADnQQEYBdWoA) + +JustETF page: [https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80](https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80) +To set the scenario - I am not a European resident or citizen - just have lots of family, business and personal interests in Europe. + +Going objectively by the [GlobalPropertyGuide](https://www.globalpropertyguide.com/Europe/price-rent-ratio) top choices are Moldova, Ukraine, Montenegro. According to [Numbeo](https://www.numbeo.com/property-investment/rankings_by_country.jsp?title=2019-mid&region=150) it is Ireland, Iceland, Ukraine. I have a friend who bough an apartment in Kiev for 30,000 EUR and has it rented out for 300 EUR - more than 10% ROI - so I don't doubt the data. + +Personally, I try to invest in countries/properties that although might not have the highest yield, I see the "loss in earnings" as the cost of investing in something you can use, be proud of and worst case scenario you can live in it yourself. At the same time, I would like it to have some earning potential in terms of rental yield and maintain its value. Since you can't have it all, you gotta find something in the middle. + +For example, I don't think having properties in Moldova, Ukraine, Iceland, Ireland, Iceland will be particularly useful for me ever. Montenegro might be nice sometimes in the summer but I need to explore it more. + +Looking at the above two links, for me, Belgium looks great because it's center of EU (and sometimes global) diplomacy, nice environment, somewhat of a central location and not a terrible return. Similarly Netherlands is also an attractive option. + +France, Switzerland, Germany would be really nice but the return is too bad for me to swallow, despite its benefits. + +Edit: I am not taking a nose dive into any investment with a blindfold here, this is just a discussion that might serve as a starting point for me or someone else, I’m fully aware, as most people are, a proper real estate investment is very nuanced. +Hello all, + +Since early this year I have cashed out all my ETF investments, anticipating a big drop in equity prices. I am still very bearish and expect SP500 to reach 3100 levels (just my view, no advice or need to debate it) + +However in my country I get taxed on my savings (negative interest), -0.5%. That translates to either my broker or my bank to charge me about 80euros monthly for being idle. + +At the same time inflation is chipping away about 10% annually so thats also something to consider. + +My question is; + +What is your suggestion of a product to invest in, that can return less loss than than, or even better keep the at least steady (no ups or downs). + +Maybe I am asking too much but any advice is appreciated. +I am 18 years old studying Economics in Norway, have some extra time and 10k to invest. What are the most useful things to invest in, without it being me, myself, but stuff that would generate me some extra passive income, business etc? +Was experimenting to see how it would be. I’m aware there is overlap and looking to readjust to 3 or 4. Unless I should keep all these? Holding: ARKQ, ARKW, ARKK, ARKG, ARKF, SPY, IBB, IWM, TAN, FAN, ICLN. Ideally I’d like just a few to set and forget it. I have high risk tolerance though and wouldn’t mind one that is high risk high reward. Wondering what you guys would recommend. Take care and thank you! + +Edit: I’m quite young and would be holding for 10-15+ years. I look at this account as one that will help build a foundation for me in the future +I’m 21, my holdings are VTI, SCHG, VNQ, and VHT +my plan is +40% VTI, +30% SCHG, +10% VNQ, +10% VHT. +My brokerage account plan is +50% VTI, +30% SCHG, +15% QQQM, and +5% VXUS. +I’m young so I want some risk, but also some safety. +Thoughts/suggestions? +I've seen a lot of posts asking if there's still fuel in the rocket, the good buy in price, how long it will moon etc etc. + +If you haven't, please read my DD post on brainchip. + +The deals predicted there are starting to come through. With each new partnership we are seeing a 20c increase, and even on no new announcements in the last dew days, the share price is increasing dramatically. + +When we get the announcement that the chip is working (this week in my opinion), the stock price is going to hit $1. +After that, as announcements, partnerships, and orders come through, we will see this stock price reach rediculous heights. + +Genuinely I believe $10 by next Christmas, however I though originally $1 by THIS Christmas, and that's definitely going to get blown out the water. + +The potential of BRN is quite literslly limitless. + +So, when to sell? + +At least 12 months time. You guys have to diamond hands this shit like nothing before. Because it WILL keep rising, and you WILL lose out on profits. + +To those who already sold, have a serious think about buying back in. + +For everyone else, hold 12 months, not only for the 50% off at tax time, but to see the unbelievable potential of this company. + +May our lord and saviour Peter rain tendies upon thee. +[Netflix](https://www.cnbc.com/quotes/NFLX) reported [fourth-quarter earnings](https://s22.q4cdn.com/959853165/files/doc_financials/2021/q4/FINAL-Q4-21-Shareholder-Letter.pdf) after the bell on Thursday. The streamer beat on both the top and bottom lines, but shares plunged 11% in after-hours trading. + +Here are the key numbers: + +* **Earnings per share (EPS):** $1.33 vs 82 cents expected in a Refinitiv survey of analysts. +* **Revenue:** $7.71 billion vs $7.71 billion expected, according to Refinitiv. +* **Global paid net subscriber additions:** 8.28 million vs 8.19 million expected, according to StreetAccount estimates + +Read more: [https://www.cnbc.com/2022/01/20/netflix-nflx-earnings-q4-2021.html](https://www.cnbc.com/2022/01/20/netflix-nflx-earnings-q4-2021.html) +Article in French: [https://www.lapresse.ca/affaires/entreprises/2021-01-12/couche-tard-en-discussion-pour-acquerir-la-chaine-francaise-carrefour.php](https://www.lapresse.ca/affaires/entreprises/2021-01-12/couche-tard-en-discussion-pour-acquerir-la-chaine-francaise-carrefour.php) + +Basically Couche-Tard is in talks with Carrefour about a potential acquisition. Things are just in the exploratory phase now. Couche-Tard is not a very sexy stock, but I'll be very curious to see if this leads to anything. Carrefour has 13,000 supermarkets accross France, Belgium, Spain, Brasil and Argentina and Taiwan. Having lived in Europe for a long time, Carrefour is a big deal in terms of brand recognition. +Listen, I get it. Payne is a charming guy and has been funny throughout this whole thing. Calling Portnoy a little bitch made me giggle, even though it was most likely scripted. + +But I see this kind of lopsided voting and awarding on something that the man u/dlauer has debunked at least twice now, and methinks the man behind the curtain wants apes to look a certain way. + +I'm not saying that RCs most recent tweet is some magical code (but it probably is and we're too dum to figure it out), but I'm saying this kind of lopsided voting and awarding screams bots to me. + +Maybe not. Maybe I'm being paranoid. But we should stop being entertained and engaged with Payne. + +We know Cramer is a rat. That's easy. But The Usual Suspects quote, "The greatest trick the Devil ever pulled was convincing the world he didn't exist." Has me thinking that Payne reeeeally wants to be viewed as our friend, or at least wants to encourage us to look a certain way. Or look away from something or someone important. + +Don't trust Payne or any MSM. Magic tricks always make you look at something unimportant or misleading. + +Be entertained by everything, but also do some digging and investigating. ESPECIALLY into Stevie Goomba Cohen, since all this sliding kicks in when I see beautiful Goomba memes of his stupid face. + +Buy. + +Hodl. + +And enjoy your goddamn weekend. + + + +Edit: Finished an unfinished thought. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +I had a long night and decided to place a trade while I was still drinking. It was the day prior to $RKT released earnings. I meant to place 2 covered calls but ended up placing 1 CC and one call. It was the perfect opportunity to place a CC because the stock price tanked the next day. So now I break even because of the CC premium, but the call option is on the toilet. + +This isn't the first time this has happened. Everytime I decide to trade while drinking, my trades always go to shit. Liquid courage does more bad than good. Happy trading my friends. +The website New Liberty Standard was the first website to offer Bitcoin purchases. You were able to buy and sell Bitcoin through Paypal. The person who created the "exchange" basically priced Bitcoin at the average cost to mine Bitcoin. + +&#x200B; + +https://preview.redd.it/5d5tutmfy6s91.png?width=397&format=png&auto=webp&s=7ef6afc8c4ee01f81e25b19620b48e8c770fc33f + +This got me to thinking about the first time I heard of Bitcoin. I was a freshman in college and a computer science major. It was Fall of 2010. I was in the lab when a Sophomore csci major asked me if I wanted to help him set up the \~35 computers in the lab for mining Bitcoin. His plan was to mine every night after classes ended until 8am when classes began again and 24 hours over the weekend. + +Me, thinking it was a waste of time with Bitcoin being like $.06, said no. The guy ended up setting up the computers himself, mining \~2,000 BTC, and in 2013 when the price hit $1,000, sold half his stack to become a millionaire in college. + +Where were you the first time you heard of Bitcoin and what was the price per coin? +I know, I know and I'm forever kicking myself. I want to open a Roth IRA before filing my taxes this year and am thinking of using Fidelity or Vanguard. I know next to nothing about investing and the stock market and I would appreciate any advice. I would like to invest in renewable energy and funds that include companies like Amazon, if that's possible. Thank you! + +EDIT 1: I do have a retirement account through work, but haven't voluntarily contributed anything yet. I also have a decent amount of savings and a pension from a previous job that will be available in a few years. I gross ~57k annually, right now. + +EDIT 2: Thank you all, so much, for your replies. I'm going through each one and taking notes, because I set up a meeting (at no cost) with a retirement specialist from Vanguard through work. I checked out my HR info and in addition to the main retirement plan 403(b) where they make contributions on my behalf, there is also a voluntary retirement savings program 403(b) (contribute from 1-80% of eligible pay, up to the IRS annual limit) pre-tax or Roth after-tax, where employees are automatically enrolled (even though it says I'm not enrolled) to contribute 3% on a pre-tax basis and they will match the pre-tax and Roth savings combined to a max of 3% of eligible pay. So, I know I should up that contribution percentage to the max I can afford. I just need to figure out what that is. + +From the [latest post]( https://reddit.com/r/Superstonk/comments/ru0ylr/hello_2022_i_have_high_hopes_for_you/) by /u/stopfuckingwithme. + +Serious pep talk here: we need to get that number much higher. [No precise target. Just up.](https://preview.redd.it/i0x2f46ehou61.png?width=692&format=png&auto=webp&s=6900d300e76e9fab204a825227814896013ac250) + +If you haven't DRS'd yet, YOU are the only one who can help us with that. + +Yes it is scary - but there IS still plenty of time pre and during MOASS; you're not going to miss out. + +Yes it is a pain in the ass - but people have written stellar guides that will be applicable to your situation; you will be able to do this. + +Yes it takes time and energy - but remember it's not one big daunting task. It's a couple of smaller and very doable tasks. People have paved the way before you, so you merely need to stand on the shoulder of giants. + +The following things are certain: if you don't lock the shares, you won't get the wares. If you don't lock your shares, those criminals will never get their deserved nightmares. If you don't lock those shares, you won't change the current state of affairs. + +Please, don't be a bystander. Please, don't think that your actions are not important. Please, don't assume that what others do is already enough! + +You are important! You are awesome! You can do this right now! + +If you need any type of help, let us know so we can help you. You're not alone in this, but YOU alone have to make the decision to help out everyone by ensuring you DRS. + +Can I get an 🦧? +I have been repeating this over and over,we have to lock the float or get the NFT dividends,there is no other way! If the company issues NFT what could happen but realistically I don’t think this is their top priority right now,we will find out the truth.. But if not,the ONLY way to fight is to lock the float.. We can buy as much as we want,we can write hundreds of complaints to dirty Gary,it won’t help.. They are all together in this! +Honestly there is not about the money anymore,I am prepared to lose it all but I would rather die then sell until those cockroaches end up in jail! + +I really hope GameStop is seeing this similar as we are and realize we can’t go forward with criminals on our back! + +We ain’t leaving!! +So this is going to sound entitled as hell but please forgive me. I think this is the only sub where I could hope for any relevant advice regarding my situation. + + +So my 29th birthday is coming up and I'm not sure what to do with myself. To make a long story short my family gave me property in my early 20's after college and I'm been living off the rents ever since. Several years ago I got involved in vanilla futures and as of 1st quarter of last year I have almost doubled my net worth. I am sitting on $27M in property, paper assets(stocks, bonds, and money market accounts), and hard currencies and just don't know what to do with myself. I don't want to play the stock market. I have a financial advisor/planner I am very happy with. I tried being an active landlord and hated it so now everything is done through a contractor. I volunteer several days a week every week just so I consistently have something to do that's a "good" use of my time. + +I'm vacationing to Iceland for the rest of the month and hoping when I come back to the States I'll have an idea what to do with myself. + + +Those of you who've been in this position or have thought about it. What do you do when you don't have to work? What would you do if you were in my position? I feel like my whole life is in front of me but I have no real goals to strive for. I already did everything the powers that be say people are supposed to do and I didn't need to do any of it. +I netted a huge salary increase and paid off all my student debt last year. I've gone from being perpetually broke to now having $42k in a savings account and $17k in a retirement account. I've allocated $10k to an emergency fund, $10k for health-improving surgeries that I may get this year, $10k for a used car if I need to buy one once remote work is over (but I live in a city so it won't be necessary), $10k as a fuck-off fund, and the remainder for a new laptop when mine gives out in a few months. + +Since savings rates are abysmally low, I want to start putting my future monthly savings into stocks. I'm relatively risk-adverse and I want to pay minimal fees. I have no experience with investing other than my company's retirement account. I don't want to pick and choose stocks, I just want a basic diversified portfolio. + +What company should I use? And how much of my current savings, if any, should I move there? +Saw this on Fidelity Active Trader this morning. + +&#x200B; + +By Svea Herbst-Bayliss BOSTON, March 10 (Reuters) - Ryan Cohen'sRC Ventures LLC, which owns nearly 10% of Bed Bath & Beyond(BBBY), has hired a proxy solicitor, signalling the firm is ramping up for a potential proxy fight at the housewares retailer, two sources said. RC Ventures has retained Harkins Kovler, the solicitor frequently used by prominent activist investor Carl Icahn in his corporate battles, said the sources, who are not permitted to discuss the private matter publicly. A representative for Cohen did not respond to requests for comment. Harkins Kovler declined to comment. A proxy solicitor polls shareholders on how they plan to vote on hotly contested corporate matters such as mergers or proxy fights. Hiring one signals that Cohen is taking the next steps to prepare for a potential fight with Bed Bath & Beyond(BBBY). Cohen, who co-founded online pet food company Chewy and is chairman of the board at GameStop(GME), disclosed his stake in Bed Bath & Beyond(BBBY) in a letter in which he urged the company to narrow its focus on operational and inventory improvements. He also urged the company to consider strategic alternatives, including a possible sale or spin-off of its buybuy Baby business. In the letter, Cohen estimated buybuy Baby could be worth billions of dollars on its own now that sales are nearing $1.5 billion with double-digit margins. A source familiar with Cohen's thinking said the investor is open to a negotiated compromise with the company if it includes significant boardroom change and a committee to review strategic alternatives led by new independent directors. Bed Bath & Beyond's (BBBY) board currently has 11 members. At the same time, Cohen is also preparing for a potential fight by selecting potential director candidates, the source said. Since Cohen's stake became known, Bed Bath & Beyond's(BBBY) stock price has surged 39%. Harkins Kovler, which was founded in 2015 by former D.F. King executives, is currently handling Icahn's campaign at Southwest Gas(SWX). (Reporting by Svea Herbst-Bayliss; editing by Jason Neely) +Hello everyone + +I\`m new to real estate. I wanted to ask you what are the best states to invest in for residential real estate? + +States with fast growth and low taxes like Florida, Texas or Colorado? + +"if passed by voters this fall, Denver’s citizen initiated Ordinance 305, “No Eviction Without Representation” would levy a new tax on landlords, of $75 per residential rental unit, to fund universal tenant legal representation for those facing an eviction or threat of eviction in the city." + +"The new tax will be collected from residential landlords in the form of an annual $75 excise tax per unit. This tax will be applied to all individual, non-exempt, residential properties leased by the landlord per year. " + + +Well, lovely. +Any guesses on the likelihood of it passing? Its only 75 bucks per unit, but... + +In general, I support legal council for both parties, but lets be honest, most evictions are just and the result of something the tenant did. Tenants have rights that should not be trampled, but they already can cost a lot of money to landlords. + +It seems drastically unfair. +Is this legal? +For those of you who are unaware, the New York Mets are basically baseball's version of Murphy's Law. Literally anything that can go wrong for them, will indeed go wrong. + +After having arguably the worst owners in baseball for decades, the Mets were bought last year by Steve Cohen (yes, *that* Steve Cohen). Currently, he stands as the richest owner in baseball. The belief was that with the New York market and this now incredible amount of money, the Mets would finally be able to put together a team that would regularly challenge for the World Series. + +The absolute most Mets thing of all-time would be if a bunch of redditors bankrupted their new owner and completely fucked over the franchise. + +That is why I'm absolutely positive this will indeed happen. + +Tl;Dr = Buy puts on the Mets +Need some help sense checking a big purchase I want to make. Is a $6m vacation home too much to spend with a $27m networth? + +Background; 39M, married, 2 kids, +sold majority stake in business few years ago. + +$27m Networth breakdown: +Stocks/Bonds: $15m +Alternatives: $6m +Cash/Tbills: $6m + +Still own 24% of business valued at around $30m (not counting this till check is cashed though) + +Salary from company I still own $300k/yr + +Personal residence is $3m with low monthly payment, no other debt. + +Don’t plan on Airbnb or renting the vacation home as I don’t like the hassle of that and want my nice stuff in home not crap Airbnb stuff. +I recently wrote this program that analyzes reddit sentiment annalysis of reddit about different companies using vader. I have also implemented some parameters to prevent manipulation such as minimum comment upvotes, one comment per user per symbol, ignore user comment/posts completely etc. + +It might be helpful to you guys: + +[https://github.com/asad70/reddit-sentiment-analysis](https://github.com/asad70/reddit-sentiment-analysis) + +&#x200B; + +My other algo-trading projects: + +[wallstreetbets-sentiment-analysis](https://github.com/asad70/wallstreetbets-sentiment-analysis) + +[stock-news-sentiment-analysis](https://github.com/asad70/stock-news-sentiment-analysis) + +[Insider-Trading](https://github.com/asad70/Insider-Trading) This program extracts insider trading data from the sec website and stores it in excel file for the specified time frame. + +You guys are free to use any of these in your project. I hope the post isn't against this sub rules. +https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1149340 + +ABSTRACT: By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time. Using stock data going back to 1871, we show that buying stock on margin when young combined with more conservative investments when older stochastically dominates standard investment strategies?both traditional life-cycle investments and 100%-stock investments. The expected retirement wealth is 90% higher compared to life-cycle funds and 19% higher compared to 100% stock investments. The expected gain would allow workers to retire almost six years earlier or extend their standard of living during retirement by 27 years. + + + + + + +__ + +EDIT: Assuming you want to take this 20-year bet in an IRA investment (which means you cannot trade on margin), do you think SSO would be the best low-cost, 2x S&P500 index investment? Is there a lower cost, more reliable ETF? Does Vanguard (what I view as the gold standard of low cost indexes) have anything? +So I just left my local GameStop where I pre-ordered Zelda: Skyward Sword and Mario Party, and I was chatting with the cashier about the company. He mentioned something I thought was very important. He said that since Ryan Cohen has taken over, the employees have felt the effects. In the form of PTO. Employees now get PTO. Let that sink in. Ryan Cohen gave his workers PTO. Legend. + +Also as a side note, the store was running a promo, buy any shirt valued at 19.99 or more and get a $10 giftcard. Boom, new Link t-shirt. Love this company. + +Edit: I want to make sure that everyone understands what PTO is. It is paid time off. Apparently this is not as known to non-American apes. Also, I cannot confirm PTO policies for GameStop, I am only reporting what the staff at my local GameStop told me. + +Edit 2: also wanted to clear up for Europoors and others who don’t live in the USA, PTO is common for full-time non-retail jobs. My company for example has PTO, paid sick time, healthcare, 401k, etc. It is mostly retail workers who get the shit end of the stick. Anyone who works in retail can jump in and share their experience, as I have not been in retail for almost 20 years. +After answering their questions, they claim that I took care of my checkbook improperly and that is how the information was compromised. However, they authorized a check that is vastly different than my checks (not even the same routing #) and that has a signature that looks nothing like mine. Doesn't this seems like something they should have a responsibility to protect me against? What else am I paying them a fee every month for? + +Edit: Also they said another reason they can't refund the money is that I have shopped at this particular grocery store chain in the past. They refuse to even look into whichm branch the check was used at. They just immediately rejected my claim within minutes on the phone. + +Edit 2: Thanks so much everyone! I'll be filing a police report and then going into a branch to get this taken care of. I will update later today when I know something else. + +Edit 3: A police report has been filed and we are waiting on an investigator to follow up with us on that. We visited a Chase branch and the banker spent 2+ hours with dealing with the fraud department (as of now the case is reopened but no promises yet) and also moving the money to a new account). Not sure if we will stay with Chase, but the very patient and kind banker has helped ease my nerves and I'm okay with waiting a bit to see what the fraud department does. I will update again when I know more from the fraud department or the police investigator. We are also going to be filing an identity theft report with the ftc when we arrive home. Thank you to everyone who has helped me out so far. The information has been super invaluable and you all have received Reddit silver from me. + +Edit 4. Still waiting to hear back from Chase, but we received a letter from the police department saying they won't investigate due to little evidence. They must have sent it immediately for the snail mail to reach us that fast. I tweeted out to the grocery chain with the information I had so they may be able to provide any more details to the police and have the investigation reopened. + +Final Update: Chase decided to refund the money. Only took like weeks of fighting with them haha. Turns out the grocery store is also doing their own investigation into the issue. We will see what they say, but I don't expect much. Thank you to everyone involved here who gave such wonderful advice!!! +I started with 24k this year. I was up at 45k, now down to 39k dew to selloff. I am scared this might become a Crash and Not Just a Dip. If i realise all my gains now, i have to pay 4k in taxes, then i am at 35k, so this is not preferred. My Portfolio consists almost completely of PMCCs in mostly good Stocks, but also some amc Stock (amc is the only Stock i own). But my Cash Position is at -13k, so i am afraid of a margin call as well. Since this is my first year of trading, i made many experiences and wouldn't be so greedy again. Opinions? Of course the poll will not make the decision for me. I'm Just curious about veteran's opinions. Thank you. + +[View Poll](https://www.reddit.com/poll/r781m4) +This story begins when I was about 5 years old so bare with my limited information and the length of this. + +Sometime before 2007 my parents had to take out a second mortgage on the house. Then, in 2007 they declared bankruptcy. This basically gave them a whole new mortgage with different interest rates. My mom, until about a month ago, had no idea this was set up as a balloon payment. The bank is saying they began sending letters letting them know it had changed to a balloon payment back in 2017, but my mom says she never saw these letters. About a month ago the bank sent a letter explaining if they cannot make the one time payment of ~$110k by May 10th, then the house will be foreclosed. This would be absolutely impossible for them to pay. + +The bank is saying they have no home equity, as it was a balloon payment set up, so they can’t use that through a mortgage lender. My mom has been on disability for the past ~8 years, and my dad does under the table construction work. Both of their credit scores are insanely low. + +They are talking with a mortgage lender right now about their options, and my dad basically doesn’t exist on paperwork. They told my mom their only option is to get a co-signer for the house, and “the only thing that matters is they have a credit score above 620”. This is where a multitude of other problems come into play. + +My parents are asking my older brother (27m) and I (21F) to co-sign to “save the family”. Both of us have credit scores above what was suggested by the lender. Both of us are hesitant for obvious reasons. My brother flat out said no today. I had 4 missed calls and about 7 unread text messages as I am now the only way out of this in their eyes. + +I tried to explain to them that they probably would not accept me as a co-signer due to my age. This was taken as a “no” from me, and now they are disappointed in me too. They keep saying things to my brother and I that make us both feel very guilty. + +Neither of my parents finished college. They have less financial knowledge than I do, and that’s really saying something. I feel like my family is on the verge of falling apart because a bank put such a predatory loan on them. Balloon payments are normally reserved for commercial businesses, not already struggling families. + +I genuinely don’t know what my next steps are going to be. I’ve been researching everything that I can, but I feel out of my depth. Any advice? + +*UPDATE* I talked to my mom and explained that I will not be co-signing for various reasons, and that it would be best for them to sell and downsize. She responded with “K.” She then let me know they “will be needing boxes next time I get inventory in at my shop”.. as one user commented, let the emotional manipulation begin :) + +*UPDATE PT2* Dad just called to tell me his close friend is going to be co-signing. He wanted to apologize for any stress this could’ve caused my brother and I. I’m not sure if this will be the right or wrong decision in the long run, but things have at least settled down for the night. Thank you all for so many responses - really helped me process all this! +[https://www.cnbc.com/2020/04/21/retail-investors-who-believed-they-were-investing-in-crude-oil-get-a-rude-awakening.html](https://www.cnbc.com/2020/04/21/retail-investors-who-believed-they-were-investing-in-crude-oil-get-a-rude-awakening.html) + +&#x200B; + +edit: + +from the financial times: + [https://www.ft.com/content/2669d6de-a381-400b-a678-64506dc60eed](https://www.ft.com/content/2669d6de-a381-400b-a678-64506dc60eed) + + +>Investors who have flooded into the oil markets to bet on a rebound in crude prices are risking big losses, say commodity specialists, as the exchange traded funds they use are swept up in the current market turmoil. The United States Oil fund, the largest oil ETF known as USO, saw inflows of about $1.5bn last week, as US crude prices hit their lowest levels since the early 2000s on plunging demand. +> +>Professional traders said retail investors, in particular, were trying to pick the turning point for oil, betting that the market will recover quickly once coronavirus-fighting measures are eased. But prices had further to fall. On Monday, West Texas Intermediate, the US benchmark, crashed below zero for the first time in history, dropping as low as minus $40 as traders dumped the contract for delivery in May. The June contract, where most of USO’s investments currently sit, lost 15 per cent to about $21 a barrel. +> +>Investors are not just at risk of placing a wrong-way bet, traders say, as oil contracts do not trade like equities. Instead, they expire monthly so the underlying crude can be delivered to buyers — something specialists fear could be poorly understood by greenhorn investors. “Investment in ETFs currently harbours high risks to investors who might be tempted to passively invest in oil due to ultra-low prices,” said Michel Salden, head of commodities at Vontobel Asset Management. Losses can occur when tracker funds have to “roll” their exposure when contracts expire, Mr Salden said. +> +>If the oil market structure shifts into “contango” — an industry term for when spot prices are trading below contracts for future delivery — then an ETF might have to sell its contracts at the lower price, then buy the next month’s contract at a higher price just to maintain its holdings. Ole Hansen, Saxo Bank’s head of commodity strategy, said that the largest long-only oil ETFs had seen their net holdings rise by 400 per cent in the past month. +> +>These ETFs, he warned, “are predominantly positioned at the front of the futures curve and will be exposed to rolling losses every month until the market fundamentals eventually stabilise”. That process “could take several months,” he added. USO was the fourth most actively traded ETF in the US on Monday morning, with more than half a billion dollars changing hands before lunchtime in New York, as the WTI spot price plummeted. +> +>**Investors’ move into USO is reminiscent of 2009, when many investors bought the ETF as crude prices slipped to near $30 a barrel, before almost tripling over the next 12 months as the world economy emerged from the depths of the financial crisis. Investors found their ETF returns did not match the oil-price gains, as they had lost a large chunk of their investment each month through the process of rolling contracts.** The USO fund, launched in 2006, typically absorbs cash from investors when crude prices hit bottom. Inflows previously peaked in early 2009 and in early 2016, just after oil-price crashes. Since March, the number of shares outstanding in the fund has doubled as new cash comes in. +> +>As of Friday, the fund held the equivalent of 146.5m barrels of WTI crude futures for June delivery on the New York Mercantile Exchange, a division of CME Group. That was more than a quarter of the total open interest in the contract, exchange data showed. +> +>Nymex market rules impose “accountability levels” of 10m barrels equivalent for most US crude futures contracts, above which traders can be ordered to reduce their position. CME declined to comment on whether it had communicated with USO. The US Commodity Futures Trading Commission, a government regulator, has proposed a 6m-barrel limit on individual fund positions in US crude on the brink of delivery, but refrained from setting caps for positions in contracts for delivery later on. +> +>Some traders say the USO fund is big enough to exacerbate price moves between different contract months as it rolls out of one position and into another. “That definitely can put downward pressure on the market,” said Joe Raia, a former senior executive in energy futures at Nymex and Goldman Sachs. +> +>USO announced last Thursday that it was moving 20 per cent of the WTI contracts it holds into later months, in a move widely believed to have been influenced by the blowout in the spread between crude prices. The position “just got to the size where it makes sense to spread it out,” said John Love, chief executive of US Commodity Funds, which runs the USO fund, on Friday. +> +>The USO next rolls its contracts on May 5 to May 8. The fund extended that process to four days early last decade to make it harder for other traders to front-run its moves. Additional reporting by Gregory Meyer in New York + +&#x200B; +Disclaimer: All data shown here is publicly available and can be downloaded and evaluated with the scripts I provide. Please read my previous posts for this. I do not claim the correctness of the data and the source code, everyone is invited to review, repeat and improve the analysis. + +I'm not a financial advisor, I like data. + +&#x200B; + +https://preview.redd.it/4jpqoqmde7m91.jpg?width=463&format=pjpg&auto=webp&s=063c3bbed59521a1fe61d16f41452de631417922 + +This is an update to my previous posts. + +For retail it is not possible to determine the number of shares in circulation. The system is not transparent. Therefore, we must resort to indirect indicators that are available to us and estimate the number of total shares. An indirect indicator is the correlation between occurring gaps in one minute candles and the outstanding shares. The following graph illustrates this relationship for all Russel 1000 tickers. Large cap is indicated by black, mid cap by green and small cap by blue. + +&#x200B; + +https://preview.redd.it/bhth3r7ie7m91.jpg?width=1459&format=pjpg&auto=webp&s=602eb31218e521b800a2895de06562c9156b859c + +The proportion of gaps in one minute candles is still too small for the given outstanding shares. Note the log scale. Here one can conclude that GME is traded as if it had approx. 5x to 10x shares outstanding. + +Another indicator is the average volume in $ per day. Although the volume can be manipulated by internalized trading, it also indicates a higher share outstanding. + +&#x200B; + +https://preview.redd.it/tbyoa7tle7m91.jpg?width=1464&format=pjpg&auto=webp&s=84ce579ce4ef8acb8601881d464d3fc8293ae3f4 + +A third indicator is the mean number of FTDs per day. + +&#x200B; + +https://preview.redd.it/2s42ucjre7m91.jpg?width=1485&format=pjpg&auto=webp&s=97fd5164fdd4f6f3e818250d32b9b868ff05cf0d + +Here we can see that the mean number of FTDs indicates at least an order of magnitude higher number of shares outstanding. + +A closer look shows that recently the share of FTDs compared to the daily traded volume is increasing and it is getting more and more difficult to localize shares. + +&#x200B; + +https://preview.redd.it/mv2xi0g1f7m91.jpg?width=1488&format=pjpg&auto=webp&s=5890e7c1fed7a2d8ae40579e872d30eb15c4a266 + +TL;DR: If it looks like a duck, swims like a duck, and quacks like a duck, then it probably has a dilution factor of 5x to 10x of its shares outstanding. + +&#x200B; + +EDIT: + +Here is the compilation of the scripts used: + +Script to download the data (shares outstanding, volume, price close, ...) from yahoo finance: [https://pastebin.com/KseEGcZh](https://pastebin.com/KseEGcZh) + +Script to download FTDs from [https://www.sec.gov/files/data/fails-deliver-data:](https://www.sec.gov/files/data/fails-deliver-data:) [https://pastebin.com/dhvm6U2T](https://pastebin.com/dhvm6U2T) + +Script to analyse the data and create a csv: [https://pastebin.com/xpzn1M3P](https://pastebin.com/xpzn1M3P) + +Script used to plot the data: [https://pastebin.com/Ww1RAqVF](https://pastebin.com/Ww1RAqVF) +I'm a 34 year old male and just completed what I consider to be my first year actively pursuing FIRE and likely the LeanFIRE version of it. + +At 30 years old I was in a very unhealthy marriage. My wife was both abusive and unfaithful. I had just lost my last grandparent. My dad had just passed away. Though I loved my job as the assistant manager of a Christian supply store, it paid little at $12 an hour, and it was going no where. In fact, the chain has since shut down. + +I'd listen to podcasts about finance and FIRE was just an impossible dream, especially being married to my wife. What if I could just start over? + +With my wife's infidelity, my marriage came to an end and I was a wreck. I needed a road trip. In light struggling with a good paying job, I got a CDL. For the next 14 months I travelled across the United States, saving about half of my income, listening to a lot of podcasts, and working on my mental and spiritual well-being. + +While on the road I realized I would soon have credits expire for an abandoned degree if I didn’t go ahead and finish. This was a seminary degree. Though I did not have the same ambitions I once did to be a pastor, I thought it would be a good idea for my mental and spiritual state to go back. And so I did. + +I then spent the first 7 months of 2020 as an intentionally unemployed seminary student. I would finish my last class online in August, completing my Masters debt-free, paying for all of it upfront with my savings as a truck driver. + +July of 2020 is when I began looking for a job again. Not knowing what to do, I pulled up Indeed and on the front page was a local job as a yard driver at a major distribution center. As I had a CDL but didn’t want to live on the road again, I was interested and started immediately. I consider my first paycheck as the date beginning my FIRE journey. + +Interestingly, I trained for 2 weeks as a yard driver and only worked in that role for a single week. Management thought me more capable and put me in the new role of Yard Management Systems Administrator. For the last year I have had that title though I have been training for the last 6 months or so to become Area Manager of Transportation. I have already applied for this position and, if I get it, this should increase my income by about 80%! Also, I will have to work less to receive that increase in pay. + +As far as my living situation, as a single guy with one parent left, I stay with my mom. She's elderly, has dealt with cancer, and is not 100% self-sufficient. I live with her, paying her rent. It's mutually beneficial. + +So here are the numbers: + +In July 2020 I had $5,804 net worth minus my car. Immediately after getting my job I paid off my car, about $1800. + +In the last year my total pay after taxes was $35,115. My expenses were $17,275. I saved and invested $17,839. As such, my savings rate was 50.80%. For clarity, my expense include paying off my debt. + +I now have a net worth of $23,643 with $20,176 invested with a cost-basis of $18,516. + +My numbers are not as high as many here but I live in a low cost, low paying area of the United States. Also, my career has nothing to do with my education. + +I’m crossing my fingers here but if things go right with my hopefully-upcoming promotion, I should be able to double the amount I am able to contribute to my investments. Wish me luck. +And I tell her..... + +We are slaughtering the dark pool.... + +And even if we aren't, doesn't fucking matter. We are rich or we are poor. We buy Ferraris or we use food stamps. This isn't a game. I tell her, all apes know the rule.... stock goes to stupid telephone numbers, or stock goes to zero. All apes are ok with either outcome. I try to tell her, apes are too smart to pass on this. I hodl until life changing money. The funny thing is, I know none of you, but I know you're just like me. Love you all. God speed. Death before dishonor. World needs to change - we are the catalyst. + +Edit: thought this was obvious. It's not going to zero. Ever. +This is assuming a person is earning $60,000pa before tax, are single, and their monthly expenses are $2,300 and they have a 10% deposit, they should be able to get a loan for approx $335 \[$35k deposit to $370k total price but leaving wiggle room\]. I've only included properties with a price and stayed close to public transport with the assumption of working in the CBD, all timings done with Google Maps, leaving at 7:30am on a weekday. \*I used trains because I have found buses don't give reliable timings due to traffic but this is apparently not the case in Canberra. + +&#x200B; + +This also does not take into account land taxes/body corp/strata/rates/any ongoing costs, which can be high enough to be a major hindrance on owning a place, purely just to show what you could theoretically get as a single person earning a decent income in any of the major cities. + +&#x200B; + +**Sydney** + +&#x200B; + +* [39/9 Ward Avenue, Potts Point, NSW 2011](https://www.realestate.com.au/property-apartment-nsw-potts+point-134697322?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-title)\- 23m\^2 studio, looks airy and light but does not come with a park. +* [1007/185 Broadway, Ultimo, NSW 2007](https://www.realestate.com.au/property-apartment-nsw-ultimo-130859398?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- There are about 40 in the same building for "student owner occupiers or investors only" but they do start from $165k for a 17m\^2 studio and for $295k you can get 56m\^2. Not really suitable for your average OO. +* [2/26 Yerrick Road, Lakemba, NSW 2195](https://www.realestate.com.au/property-unit-nsw-lakemba-136107246?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bed unit with a park, 50 mins via public transport into Sydney CBD. Looks spacious and like there's a lot of light, plus a small balcony. +* [11/43-45 Neil Street, Merrylands, NSW 216](https://www.realestate.com.au/property-unit-nsw-merrylands-136125942?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)0 - 81m\^2 for a 1 bed/1bath/1 car, the unit looks like it might be a bit dark but it is quite big, 55 mins to the CBD. +* [10/27-31 The Crescent, Berala, NSW 2141](https://www.realestate.com.au/property-unit-nsw-berala-135531382?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 1 bedder with a park, 61m\^2, looks like a nice place with a lot of natural light, 35 mins into the CBD. + +**Canberra** \- There's essentially no public transport here and I could only find one house with an actual price, rather than "Contact agent" or that were going for auction. + +&#x200B; + +* [60/47 McMillan Crescent, Griffith, ACT 2603](https://www.realestate.com.au/property-apartment-act-griffith-133362478?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- Only $177,500 but it is a studio and looks really small, maybe 15-20m\^2 but no size given in the listing. +* [98/10 Eyre Street, Griffith, ACT 2603](https://www.realestate.com.au/property-apartment-act-griffith-135018902?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 55m\^2 pus nice balcony, 1 bedder with a park, 2.7km from the centre of Capital Hill \[1.6km to State Circle\] 30 min to City Hill, light and airy. +* [314/2 Akuna Street, City, ACT 2601](https://www.realestate.com.au/property-apartment-act-city-136159210?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- in the CBD, 45m\^2 for $260k+, looks like it's a bit pokey/not the best layout but seems to have nice big windows. It comes fully furnished so maybe a part of a hotel complex? The ad doesn't say. +* [55 Banksia Drive, Symonston, ACT 2609](https://www.realestate.com.au/property-house-act-symonston-134526822?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- a house in a caravan park, 2.1km to the station then 22 min to City Hill, bedrooms look like they would be a bit small \[maybe 2-2.5m x 2-2.5m\] but priced at $270k. Would have to live in a caravan park and I would assume that schools might not be the best around it. + +&#x200B; + +**Melbourne** + +&#x200B; + +* [520/488 Swanston Street, Carlton, Vic 3053](https://www.realestate.com.au/property-house-vic-carlton-136062194?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 1 bed/1 bath for $195k, which feels like there's a catch \[apart from it being really small\], but a "comparable property" sold for $280k \[3404/618 Lonsdale St\] so I'm not sure. +* [308/162 Rosslyn Street, West Melbourne, Vic 3003](https://www.realestate.com.au/property-apartment-vic-west+melbourne-136049098?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 1 bed/1 bath/1 car, not really much of a kitchen but it does have a balcony, a parking spot, and city views. +* [6/20 Valiant Street, Abbotsford, Vic 3067](https://www.realestate.com.au/property-apartment-vic-abbotsford-135707138?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 1 bed/1 bath/1 car near a park, looks recently done up, 25 mins to the CBD on the tram. +* [6/129 Anderson Road, Albion, Vic 3020](https://www.realestate.com.au/property-apartment-vic-albion-136166766?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bedder with a car park, near a park, 30 mins from the CBD, but on a main road. Looks nice enough \[I actually like the bathroom here, it's cute\]. +* [6A Alabama Close, Hoppers Crossing, Vic 3029](https://www.realestate.com.au/property-house-vic-hoppers+crossing-135816982?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 3 bed/1 bath house, looks free standing with a small yard. I'm not sure how much I trust the price guide. 22 min to the CBD on the train, but the house is a good 4km away from the station. +* [96A Heaths Road, Hoppers Crossing, Vic 3029](https://www.realestate.com.au/property-house-vic-hoppers+crossing-135989966?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 3 bedder on 261m\^2 but it is on a main road and again, I'm not sure I trust the price guide. Google Maps has a really weird route for this where you get off and change onto the same train in the middle, about an hour away by public transport from Melbourne CBD (changing trains is due to track work, thank you to those who let me know). + +&#x200B; + +**Adelaide** \- I'm a bit confused by how Google is showing the public transport options so I will just give the fastest route. I think I just don't know the tram numbers and won't spend time looking it up. + +&#x200B; + +* [1/18 Northcote Street, Kilburn, SA 5084](https://www.realestate.com.au/property-house-sa-kilburn-132787810?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 2 bed/1 bath/1 car unit, decent sized bedrooms in a small block of units, 30 mins out from the city and pretty cheap. +* [19 Goodman Ave, Kilburn, SA 5084](https://www.realestate.com.au/property-house-sa-kilburn-135393198?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- This is an actual house, 3 bed, 1 bath, on 370m\^2. This is near a main road so possibly a bit loud and hard to get into but it is only 30 mins out form the city. Looks a bit dated but nice on the inside. +* [5/41A Addison Road, Black Forest, SA 5035](https://www.realestate.com.au/property-townhouse-sa-black+forest-136071122?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- Modern 2 bed townhouse, 20 mins from the city. Bit of a weird upstairs with one bedroom having no door or walls but it's cheap and close in. +* [7/23 Winifred Street, Adelaide, SA 5000](https://www.realestate.com.au/property-unit-sa-adelaide-136176950?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bedroom, 1 bath unit that comes with a car park, in the CBD. No pics of the second bedroom or a floor plan but not too bad for the price and being in the middle of the city. + +&#x200B; + +**Perth** + +&#x200B; + +* [4/8 James Street, Perth, WA 6000](https://www.realestate.com.au/property-apartment-wa-perth-135966694?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bed with a park in the middle of Perth CBD. The bedrooms look like they might be a bit small but the unit looks nice otherwise. +* [27 Merian Close, Bentley, WA 6102](https://www.realestate.com.au/property-house-wa-bentley-135767266?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- listed without a price but I ran it through a couple of price checking sites and it came back as mid 300s so take with a grain of salt. It is a duplex buy the looks of it but a 3 bed/2 bath with a patio and front yard, 35 mins on the train into the CBD. +* [18B Sullivan Street, Beckenham, WA 6107](https://www.realestate.com.au/property-house-wa-beckenham-135715914?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- listed for $359k for a bit over budget but it's a 3 bedder on 459m\^2. Rip up the front yard tiling and you'll have yourself a really nice little house only 32 mins from the CBD. +* [14/110 Central Avenue, Inglewood, WA 6052](https://www.realestate.com.au/property-house-wa-inglewood-136055414?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 1 bedder with a park at $229k, 20 odd minutes from the city on the train, nice and spacious. + +&#x200B; + +**Darwin** \- weird layout for public transport but cool name. + +&#x200B; + +* [3058/55 Cavenagh Street, Darwin City, NT 0800](https://www.realestate.com.au/property-apartment-nt-darwin+city-129724810?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bed, 2 bath with a parking spot, in the CBD for $260k. Bedrooms look small though. +* [4 Phineaus Court, Gray, NT 0830](https://www.realestate.com.au/property-house-nt-gray-135513138?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 3 bed 1 bath on 762m\^2, a couple of km to the interchange and then 30 mins on "Orbital 1" into the CBD. Somewhat small bedrooms but it's very cheap. +* [6 Livistona Road, Karama, NT 0812](https://www.realestate.com.au/property-house-nt-karama-136012122?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 3 bedder, pretty modern, but near the airport. Decent bedrooms, nice yard and again a couple of km to the "Orbital 1" stop. + +&#x200B; + +**Brisbane** \- This is where I live so I've been able to pick suburbs that have nicer schools/amenities or provide a bit more commentary on them. + +&#x200B; + +* [1604/70 Mary Street, Brisbane City, Qld 4000](https://www.realestate.com.au/property-unit-qld-brisbane+city-135448050?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- This says it's a 2 bed unit but it's more like 1.5 beds, the second one is tiny, however it is in the heart of the CBD and comes with a parking spot and balcony. It's in a hotel so it comes fully furnished. +* [19/22 Barry Parade, Fortitude Valley, Qld 4006](https://www.realestate.com.au/property-apartment-qld-fortitude+valley-136022994?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- another 2 bed unit with a car park, in between the CBD and Fortitude Valley, which is a nightlife-by-the-dark and offices-by-the-day suburb, probably a 10 min walk into the CBD. Again, the second bedroom is a little small but not outrageously so. +* [8 Joyce St, East Ipswich, Qld 4305](https://www.realestate.com.au/property-house-qld-east+ipswich-135300438?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- for a bit of a change, this is in Ipswich, just over 50 mins on the train in the morning into the CBD from East Ipswich station. The area still has higher crime than Brisbane but a lot more young families have started moving into the area because it is cheap. This is a perfect example of what you can get with 3 bedrooms on 809m\^2 in one of the nicer suburbs, walking distance to Ipswich CBD. +* [39 Ipswich Street, Riverview, Qld 4303](https://www.realestate.com.au/property-house-qld-riverview-135562014?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- another one from Ipswich but this time a more rundown place, further from the train stations \[which take 37 mins into the city from Dinmore station on the express\] but a huge half acre lot, however it is a bit over budget at $359k. Riverview is really close to the Warrego, Ipswich, and Cunningham motorways, which will take you into the city, out to Toowoomba and north or down Warwick/Stathorpe way. +* [6 Bishop Court, Loganlea, Qld 4131](https://www.realestate.com.au/property-house-qld-loganlea-135297402?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- there is also Logan, another satellite city, where you can get a newer house in Loganlea on 477m\^2. I picked Loganlea because that is where express trains from the Gold Coast into Brisbane CBD stop in the mornings, so it's a bit more pricey but quicker to get into the city \[38 mins on the train, it's 2.3km from the house to Loganlea station\]. +* [12 Heathcote Lane, Fitzgibbon, Qld 4018](https://www.realestate.com.au/property-house-qld-fitzgibbon-136060290?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- this is a townhouse, 2 bed 2 bath 1 car, 40 mins from the CBD \[12 min walk, 29 mins on the train\]. Big bedrooms and in a small little community of townhouses in a nice enough suburb but no yard. There are parks around to compensate for that though. +* [3/23 Brook Road, Wooloowin, Qld 4030](https://www.realestate.com.au/property-unit-qld-wooloowin-135856418?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- a 1 bed unit in Wooloowin, a 15 min walk to Eagle Junction station which will get you into the city in about 10 mins with express trains always running and this one even comes with a small yard! Wooloowin is a mix of old people hanging onto their houses, cashed up families, and young people \[often professionals\] in share houses. There's a lot of nice bars, shops, and cafes around here. +* [1/164 Flower Street, Northgate, Qld 4013](https://www.realestate.com.au/property-unit-qld-northgate-135721810?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- last but not least, another 2 bed unit with a parking spot. The second bedroom is a little bit small, however this unit is close to express trains \[one express stop up from Eagle Junction\] and will get you in the city in 15 mins. The neighbourhood has a lot of young families and young people in general. + +&#x200B; + +**Hobart -** I felt bad, here you all go, minimal commentary though sorry + +&#x200B; + +* [3/179 Liverpool Street, Hobart, Tas 7000](https://www.realestate.com.au/property-unit-tas-hobart-136009270?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- small studio with a bed nook, can be made into a tiny 1 bedder theoretically. In the CBD. +* [108/156 Bathurst Street, Hobart, Tas 7000](https://www.realestate.com.au/property-serviced+apartment-tas-hobart-135744926?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 1 (big) bed serviced unit, does not come with a car park, in the CBD and has a nice view, plus two balconies. +* [6/30 Corby Avenue, West Hobart, Tas 7000](https://www.realestate.com.au/property-unit-tas-west+hobart-135982258?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- another 1 bed unit but comes with a car space and really lovely views. 13 mins into the CBD on the bus or a 1.7km walk. +* [4 Pitcairn Street, Glenorchy, Tas 7010](https://www.realestate.com.au/property-house-tas-glenorchy-136194822?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 3 bed 1 bath 1 car on 675m\^2, house looks nice and it's close to the water, 41 mins into the city with the ?bus. +* [49 Sugarloaf Road, Risdon Vale, Tas 7016](https://www.realestate.com.au/property-house-tas-risdon+vale-136049254?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 3 bed 1 bath on 738m\^2, 36 mins into the CBD with a ?bus and looks like you might get mountain views from the front room, possibly. +This is assuming a person is earning $60,000pa before tax, are single, and their monthly expenses are $2,300 and they have a 10% deposit, they should be able to get a loan for approx $335 \[$35k deposit to $370k total price but leaving wiggle room\]. I've only included properties with a price and stayed close to public transport with the assumption of working in the CBD, all timings done with Google Maps, leaving at 7:30am on a weekday. \*I used trains because I have found buses don't give reliable timings due to traffic but this is apparently not the case in Canberra. + +&#x200B; + +This also does not take into account land taxes/body corp/strata/rates/any ongoing costs, which can be high enough to be a major hindrance on owning a place, purely just to show what you could theoretically get as a single person earning a decent income in any of the major cities. + +&#x200B; + +**Sydney** + +&#x200B; + +* [39/9 Ward Avenue, Potts Point, NSW 2011](https://www.realestate.com.au/property-apartment-nsw-potts+point-134697322?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-title)\- 23m\^2 studio, looks airy and light but does not come with a park. +* [1007/185 Broadway, Ultimo, NSW 2007](https://www.realestate.com.au/property-apartment-nsw-ultimo-130859398?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- There are about 40 in the same building for "student owner occupiers or investors only" but they do start from $165k for a 17m\^2 studio and for $295k you can get 56m\^2. Not really suitable for your average OO. +* [2/26 Yerrick Road, Lakemba, NSW 2195](https://www.realestate.com.au/property-unit-nsw-lakemba-136107246?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bed unit with a park, 50 mins via public transport into Sydney CBD. Looks spacious and like there's a lot of light, plus a small balcony. +* [11/43-45 Neil Street, Merrylands, NSW 216](https://www.realestate.com.au/property-unit-nsw-merrylands-136125942?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)0 - 81m\^2 for a 1 bed/1bath/1 car, the unit looks like it might be a bit dark but it is quite big, 55 mins to the CBD. +* [10/27-31 The Crescent, Berala, NSW 2141](https://www.realestate.com.au/property-unit-nsw-berala-135531382?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 1 bedder with a park, 61m\^2, looks like a nice place with a lot of natural light, 35 mins into the CBD. + +**Canberra** \- There's essentially no public transport here and I could only find one house with an actual price, rather than "Contact agent" or that were going for auction. + +&#x200B; + +* [60/47 McMillan Crescent, Griffith, ACT 2603](https://www.realestate.com.au/property-apartment-act-griffith-133362478?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- Only $177,500 but it is a studio and looks really small, maybe 15-20m\^2 but no size given in the listing. +* [98/10 Eyre Street, Griffith, ACT 2603](https://www.realestate.com.au/property-apartment-act-griffith-135018902?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 55m\^2 pus nice balcony, 1 bedder with a park, 2.7km from the centre of Capital Hill \[1.6km to State Circle\] 30 min to City Hill, light and airy. +* [314/2 Akuna Street, City, ACT 2601](https://www.realestate.com.au/property-apartment-act-city-136159210?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- in the CBD, 45m\^2 for $260k+, looks like it's a bit pokey/not the best layout but seems to have nice big windows. It comes fully furnished so maybe a part of a hotel complex? The ad doesn't say. +* [55 Banksia Drive, Symonston, ACT 2609](https://www.realestate.com.au/property-house-act-symonston-134526822?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- a house in a caravan park, 2.1km to the station then 22 min to City Hill, bedrooms look like they would be a bit small \[maybe 2-2.5m x 2-2.5m\] but priced at $270k. Would have to live in a caravan park and I would assume that schools might not be the best around it. + +&#x200B; + +**Melbourne** + +&#x200B; + +* [520/488 Swanston Street, Carlton, Vic 3053](https://www.realestate.com.au/property-house-vic-carlton-136062194?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 1 bed/1 bath for $195k, which feels like there's a catch \[apart from it being really small\], but a "comparable property" sold for $280k \[3404/618 Lonsdale St\] so I'm not sure. +* [308/162 Rosslyn Street, West Melbourne, Vic 3003](https://www.realestate.com.au/property-apartment-vic-west+melbourne-136049098?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 1 bed/1 bath/1 car, not really much of a kitchen but it does have a balcony, a parking spot, and city views. +* [6/20 Valiant Street, Abbotsford, Vic 3067](https://www.realestate.com.au/property-apartment-vic-abbotsford-135707138?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 1 bed/1 bath/1 car near a park, looks recently done up, 25 mins to the CBD on the tram. +* [6/129 Anderson Road, Albion, Vic 3020](https://www.realestate.com.au/property-apartment-vic-albion-136166766?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bedder with a car park, near a park, 30 mins from the CBD, but on a main road. Looks nice enough \[I actually like the bathroom here, it's cute\]. +* [6A Alabama Close, Hoppers Crossing, Vic 3029](https://www.realestate.com.au/property-house-vic-hoppers+crossing-135816982?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 3 bed/1 bath house, looks free standing with a small yard. I'm not sure how much I trust the price guide. 22 min to the CBD on the train, but the house is a good 4km away from the station. +* [96A Heaths Road, Hoppers Crossing, Vic 3029](https://www.realestate.com.au/property-house-vic-hoppers+crossing-135989966?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 3 bedder on 261m\^2 but it is on a main road and again, I'm not sure I trust the price guide. Google Maps has a really weird route for this where you get off and change onto the same train in the middle, about an hour away by public transport from Melbourne CBD (changing trains is due to track work, thank you to those who let me know). + +&#x200B; + +**Adelaide** \- I'm a bit confused by how Google is showing the public transport options so I will just give the fastest route. I think I just don't know the tram numbers and won't spend time looking it up. + +&#x200B; + +* [1/18 Northcote Street, Kilburn, SA 5084](https://www.realestate.com.au/property-house-sa-kilburn-132787810?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 2 bed/1 bath/1 car unit, decent sized bedrooms in a small block of units, 30 mins out from the city and pretty cheap. +* [19 Goodman Ave, Kilburn, SA 5084](https://www.realestate.com.au/property-house-sa-kilburn-135393198?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- This is an actual house, 3 bed, 1 bath, on 370m\^2. This is near a main road so possibly a bit loud and hard to get into but it is only 30 mins out form the city. Looks a bit dated but nice on the inside. +* [5/41A Addison Road, Black Forest, SA 5035](https://www.realestate.com.au/property-townhouse-sa-black+forest-136071122?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- Modern 2 bed townhouse, 20 mins from the city. Bit of a weird upstairs with one bedroom having no door or walls but it's cheap and close in. +* [7/23 Winifred Street, Adelaide, SA 5000](https://www.realestate.com.au/property-unit-sa-adelaide-136176950?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bedroom, 1 bath unit that comes with a car park, in the CBD. No pics of the second bedroom or a floor plan but not too bad for the price and being in the middle of the city. + +&#x200B; + +**Perth** + +&#x200B; + +* [4/8 James Street, Perth, WA 6000](https://www.realestate.com.au/property-apartment-wa-perth-135966694?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bed with a park in the middle of Perth CBD. The bedrooms look like they might be a bit small but the unit looks nice otherwise. +* [27 Merian Close, Bentley, WA 6102](https://www.realestate.com.au/property-house-wa-bentley-135767266?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- listed without a price but I ran it through a couple of price checking sites and it came back as mid 300s so take with a grain of salt. It is a duplex buy the looks of it but a 3 bed/2 bath with a patio and front yard, 35 mins on the train into the CBD. +* [18B Sullivan Street, Beckenham, WA 6107](https://www.realestate.com.au/property-house-wa-beckenham-135715914?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- listed for $359k for a bit over budget but it's a 3 bedder on 459m\^2. Rip up the front yard tiling and you'll have yourself a really nice little house only 32 mins from the CBD. +* [14/110 Central Avenue, Inglewood, WA 6052](https://www.realestate.com.au/property-house-wa-inglewood-136055414?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 1 bedder with a park at $229k, 20 odd minutes from the city on the train, nice and spacious. + +&#x200B; + +**Darwin** \- weird layout for public transport but cool name. + +&#x200B; + +* [3058/55 Cavenagh Street, Darwin City, NT 0800](https://www.realestate.com.au/property-apartment-nt-darwin+city-129724810?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 2 bed, 2 bath with a parking spot, in the CBD for $260k. Bedrooms look small though. +* [4 Phineaus Court, Gray, NT 0830](https://www.realestate.com.au/property-house-nt-gray-135513138?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- 3 bed 1 bath on 762m\^2, a couple of km to the interchange and then 30 mins on "Orbital 1" into the CBD. Somewhat small bedrooms but it's very cheap. +* [6 Livistona Road, Karama, NT 0812](https://www.realestate.com.au/property-house-nt-karama-136012122?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 3 bedder, pretty modern, but near the airport. Decent bedrooms, nice yard and again a couple of km to the "Orbital 1" stop. + +&#x200B; + +**Brisbane** \- This is where I live so I've been able to pick suburbs that have nicer schools/amenities or provide a bit more commentary on them. + +&#x200B; + +* [1604/70 Mary Street, Brisbane City, Qld 4000](https://www.realestate.com.au/property-unit-qld-brisbane+city-135448050?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- This says it's a 2 bed unit but it's more like 1.5 beds, the second one is tiny, however it is in the heart of the CBD and comes with a parking spot and balcony. It's in a hotel so it comes fully furnished. +* [19/22 Barry Parade, Fortitude Valley, Qld 4006](https://www.realestate.com.au/property-apartment-qld-fortitude+valley-136022994?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- another 2 bed unit with a car park, in between the CBD and Fortitude Valley, which is a nightlife-by-the-dark and offices-by-the-day suburb, probably a 10 min walk into the CBD. Again, the second bedroom is a little small but not outrageously so. +* [8 Joyce St, East Ipswich, Qld 4305](https://www.realestate.com.au/property-house-qld-east+ipswich-135300438?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- for a bit of a change, this is in Ipswich, just over 50 mins on the train in the morning into the CBD from East Ipswich station. The area still has higher crime than Brisbane but a lot more young families have started moving into the area because it is cheap. This is a perfect example of what you can get with 3 bedrooms on 809m\^2 in one of the nicer suburbs, walking distance to Ipswich CBD. +* [39 Ipswich Street, Riverview, Qld 4303](https://www.realestate.com.au/property-house-qld-riverview-135562014?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- another one from Ipswich but this time a more rundown place, further from the train stations \[which take 37 mins into the city from Dinmore station on the express\] but a huge half acre lot, however it is a bit over budget at $359k. Riverview is really close to the Warrego, Ipswich, and Cunningham motorways, which will take you into the city, out to Toowoomba and north or down Warwick/Stathorpe way. +* [6 Bishop Court, Loganlea, Qld 4131](https://www.realestate.com.au/property-house-qld-loganlea-135297402?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- there is also Logan, another satellite city, where you can get a newer house in Loganlea on 477m\^2. I picked Loganlea because that is where express trains from the Gold Coast into Brisbane CBD stop in the mornings, so it's a bit more pricey but quicker to get into the city \[38 mins on the train, it's 2.3km from the house to Loganlea station\]. +* [12 Heathcote Lane, Fitzgibbon, Qld 4018](https://www.realestate.com.au/property-house-qld-fitzgibbon-136060290?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- this is a townhouse, 2 bed 2 bath 1 car, 40 mins from the CBD \[12 min walk, 29 mins on the train\]. Big bedrooms and in a small little community of townhouses in a nice enough suburb but no yard. There are parks around to compensate for that though. +* [3/23 Brook Road, Wooloowin, Qld 4030](https://www.realestate.com.au/property-unit-qld-wooloowin-135856418?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- a 1 bed unit in Wooloowin, a 15 min walk to Eagle Junction station which will get you into the city in about 10 mins with express trains always running and this one even comes with a small yard! Wooloowin is a mix of old people hanging onto their houses, cashed up families, and young people \[often professionals\] in share houses. There's a lot of nice bars, shops, and cafes around here. +* [1/164 Flower Street, Northgate, Qld 4013](https://www.realestate.com.au/property-unit-qld-northgate-135721810?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile)\- last but not least, another 2 bed unit with a parking spot. The second bedroom is a little bit small, however this unit is close to express trains \[one express stop up from Eagle Junction\] and will get you in the city in 15 mins. The neighbourhood has a lot of young families and young people in general. + +&#x200B; + +**Hobart -** I felt bad, here you all go, minimal commentary though sorry + +&#x200B; + +* [3/179 Liverpool Street, Hobart, Tas 7000](https://www.realestate.com.au/property-unit-tas-hobart-136009270?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- small studio with a bed nook, can be made into a tiny 1 bedder theoretically. In the CBD. +* [108/156 Bathurst Street, Hobart, Tas 7000](https://www.realestate.com.au/property-serviced+apartment-tas-hobart-135744926?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 1 (big) bed serviced unit, does not come with a car park, in the CBD and has a nice view, plus two balconies. +* [6/30 Corby Avenue, West Hobart, Tas 7000](https://www.realestate.com.au/property-unit-tas-west+hobart-135982258?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- another 1 bed unit but comes with a car space and really lovely views. 13 mins into the CBD on the bus or a 1.7km walk. +* [4 Pitcairn Street, Glenorchy, Tas 7010](https://www.realestate.com.au/property-house-tas-glenorchy-136194822?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 3 bed 1 bath 1 car on 675m\^2, house looks nice and it's close to the water, 41 mins into the city with the ?bus. +* [49 Sugarloaf Road, Risdon Vale, Tas 7016](https://www.realestate.com.au/property-house-tas-risdon+vale-136049254?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile) \- 3 bed 1 bath on 738m\^2, 36 mins into the CBD with a ?bus and looks like you might get mountain views from the front room, possibly. +I just started learning about statistical arbitrage and i'm trying to apply it to cryptocurrencies. In particular, i'm testing for cointegration on all the markets on FTX on a 5m timeframe using Python. + +In order to test for cointegration, for each market i'm retrieving the last 7 months worth of data on a five minutes timeframe. To test for cointegration, i'm using the `statsmodels` library. + + corr = scipy.stats.pearsonr(bitcoin, ethereum)[0] + coint = ts.coint(bitcoin, ethereum) + + This snippet uses the close prices of Bitcoin and Ethereum, but i'm ranning the same test across all the markets on FTX. What i'm noticing is that across hundreds of market, i can find only a bunch of pairs with a p-value lower than 0.05, and even those pairs don't seem to appear stationary when i chart them. + +I'm wondering, why is it so difficult to find truly cointegrated pairs? Is it because i'm using too much data (i'm testing with more than 50k candles for each market)? Is it because that's not how i'm supposed to test for cointegration? Is it because i'm not supposed to just test for cointegration with raw close prices? Should i use another timeframe? + +I'm sorry if i'm asking stupid questions here, but i'm not trying to create the most profitable algorithm in history, i just want to learn more on this matter. +I've been trying to run rent comps, and I hate using [apartments.com](https://apartments.com). Their site is so slow I don't understand how anyone uses it. I've also tried using rentometer but their estimates seem pretty off and I don't want to pay for it. + +I've seen Estateza being posted, but I'm not sure how accurate this is. It seems like it could be better than rentometer, but it doesn't really have just a rent search tool so I can't find every property I'm searching. It is free though so that's nice. + +Any recommendations for alternatives?? +Any thoughts on why this may or may not be a bad idea? Would it be smarter to start with one or go for both? Pretty new to real estate investing but ready to pull the plug in my current job and delve into this full time. +The IFS has released a very detailed study of the upcoming changes to Student Loan Interest - you can [read the full report here](https://ifs.org.uk/publications/16024). + +Some key points: + +&#x200B; + +* "Today’s reading for RPI inflation means that the maximum interest rate, which is charged to current students and graduates earning more than £49,130, will rise from its current level of 4.5% to an eye-watering 12% for half a year unless policy changes (the interest rates for low earners will rise from 1.5% to 9%). " +* "This means that with a typical loan balance of around £50,000, a high-earning recent graduate would incur around £3,000 in interest over six months – more than even someone earning three times the median salary for recent graduates would usually repay during that time." +* "The maximum student loan interest rate is then likely to fall to around 7% in March 2023 and fluctuate between 7 and 9% for a year and a half; in September 2024, it is then predicted to fall to around 0% before rising again to around 5% in March 2025. " + +&#x200B; + +How does this impact you and does it change your plans or not for overpayments of your loan? (should it change them - I'm no good at maths). +Hey Guys. + +I'm a daytrader as a hobby (I am a HODLer of GME though) and I wanted to point out something interesting I noticed. + +An indicator I use is called Market Cipher that has given me great success in trading and identifying price trends. + +Without getting too technical for non-traders, I saw a strong buy signal flash for GME last week. This is interesting because it’s on a higher time frame chart - daily chart makes it more significant. + +These are the green dots at the bottom of the complicated looking squiggly thing (follow the pink arrows to see) + +https://preview.redd.it/87k54oci23f71.png?width=2328&format=png&auto=webp&s=fdc2dbcbd8377865959b22d3f6e75bf6f2756a86 + +The last time this buy indicator flashed was March 2, 2020. The price was $3.85. + +Since then GME has rallied \~4500% to our current price in a little under a year and a half. + +Notice how there have been some sizeable dumps in price along the way too.The last time the green buy signal flashed on the daily, price ended up having a big dump, only to mini-moon, and then never ever reach that price again. + +So maybe price now goes to $100, hoping to freak retail out, but there's a HUGE amount of buyers around there and it shoots up and begins the next parabolic uptrend. I think this may happen very soon. + +45X from here in a year and a half, with no squeeze, and better fundamentals puts us at $7K if history repeats. Not saying it will, but also not saying it won't. For more info how, Elliot Wave guy's posts can show you. Also shoutout to Rocky Outcrop and Tradespotting on youtube. + +**How long are you prepared to hold if you have to? The answer is as long as it takes. This is a patience game.** + +I also want to show you this other chart. + +https://preview.redd.it/zocv7m4k23f71.png?width=1916&format=png&auto=webp&s=989e7aff56566b3d9d4b9cfadfa32758ce97d587 + +This chart is another indicator, and all you have to know is the yellow X's represent possible price manipulation. There are so many of them geez. These charts are in Log Scale by the way. + +Zoomed in to 1Hr time frame: + +https://preview.redd.it/j8gburln23f71.png?width=1934&format=png&auto=webp&s=aab80a9213f4a07bcc53e4cbf96e115cb3f2bb96 + +Interestingly, TESLA also had tons of yellow X indicators before its slow-squeeze too. Movie stock as well. If we want to compare it to a regular stock, look at Microsoft's yellow Xs: + +&#x200B; + +https://preview.redd.it/7g8dmw1p23f71.png?width=1926&format=png&auto=webp&s=59bb1bd9aecaf7422cb6a42a18c965d5fe3e1cd0 + +LOL. Like 2 since 2012. + +HODL. + +EDIT: + +It's from Market Cipher A indicator. It's usually used for crypto, but I applied it to GME and voila. + +Copypasta: + +The Yellow X is a bearish indicator and is intended to indicate high volume long covering that is rapidly bought up and sold short. This market condition also presents a possible opportunity for whale traders to exaggerate the condition by manipulating the rate of buyback indicating a possible bottom or reversal to breakout traders. This in turn supplies local liquidity then the whales reverse position forcing the market lower. The Yellow X is most reliable on 1 hour and above time periods. + +EDIT 2: I saw an interesting post on Trading View that showed green dot buy signals on high time frames for Bitkorn. The last time it showed a green dot was when Bitkorn was $3000. (It also recently flashed again for $9k and $31k). Makes you wonder what’s coming up for GME. + +EDIT 3: Tesla Chart as requested. + +https://preview.redd.it/lvzlikm183f71.png?width=1930&format=png&auto=webp&s=d68c8789623710e1754884cb6c53ed225efdc832 + +FINAL EDIT: + +Just wanted to clear a few things up for some people here. Technical analysis works. Just because it doesn't tell you the future, doesn't make it BS. It's not supposed to tell you the future and doesn't claim to, but lay out the possibilities, and narrow it down into the higher probabilities. + +TA is not a crystal ball. It's more of a 'peek around the corner' that gives you an edge, or a slight advantage, more than guessing randomly. In trading, that is more than enough to win in the long run. + +More importantly, the common question is does TA work on a manipulated stock? + +Here is my take: + +Firstly, pretty much all stocks are manipulated. Don't think anyone is surprised there. Some stocks more than others, but fundamentally TA and any price action in general is a reflection of human psychology, a map of how people tend to sell low and buy high. When stocks go up, you get excited and pile in cuz you think it will go higher (greed). When it goes low, you sell or at maybe question yourself, or need extra confirmation bias to make you feel at ease (fear). + +GME is interesting because apes are HODLers even if the price dips, HOWEVER, even if apes own the float, don't forget there is Smart Money - institutional money that plays the game in this way with TA too. They have levels that they are looking to buy at as well. We are not the only ones watching this everyday. + +So let's say GME does go down $100 (not saying it's probable, but anything is possible), do you know how many funds that are bullish on GME long term are going to take the opportunity to buy the crap out of it there? If it even gets there? A lot! + +So be excited as the price dips. This is the time that retail could accumulate MORE and own the float many, many more times over. + +When price starts hitting $350 again, most people will be STOKED. Well I'm saying (in my opinion, not financial advice) KEEP THAT SAME ENERGY NOW. Future you will thank you now. + +And thanks for the nice words everyone. Yellow X guy. Nice ring to it. + +&#x200B; +For a few reasons I've been incredibly fortunate and I've currently reached the highest income bracket. The problem now is that out of every dollar I earn this year I only get to keep about half. In addition, for other reasons my income next year will not be nearly as high. I might even start the year completely unemployed. Is there a strategy to tax optimize option selling at this point? Should I start selling options expiring next year and aim to realize gains after Dec 2021? Any advice is greatly appreciated. +I feel investing has become a popular topic on the internet from what I’ve seen. A big example was the big “GameStop war” or I’ve seen an increase of real estate/stock market on social media (YouTube, tiktok, others). Maybe I have a skewed view as I am into investing and it’s the majority that shows on my recommended. + +Do you think it is just a trend or has the majority of young adults have found the real treasure of investing? +And specifically do you think real estate prices will be competitive in later years due to the increased knowledge? +Please stop coming in unnecessarily. We know people are bored at home so have been sat around counting the coin jar, or you've found that cheque that your Nan gave you at xmas. + +Now is not the time to come into your bank unless it is absolutely necessary. We are very low on staff and it is not worth risking our lives for non essentials + +If this message changes literally one person's plans over the next few weeks then it was worth it +So before the weekend CNBC aired naked shorts. Whilst they could have cut to another camera or ads etc or just left the camera on the dude they went to a long shot of this woman with a memeable face. And it was memed. + +Now Murdoch's fox is interviewing 'one of us'. The rest of the media are following up with stories. + +These are the same media who wouldn't mention gme a month ago. Ignored it rising, shouted about the dips. Not once have they been on our side and they never will be. Billionaire owned, billionaire run. Billionaires narrative. + +They know we don't trust them, they've tried every trick and we did not falter. Now they're trying to gain trust, spinning a little of the narrative we love. It's blown up. They're going to spin this against us. They will run the naked line until midweek and then they'll have investigations that find no naked shorts. Counter DD and more FUD to pick off paper apes. + +(Edit: meant to say here about spinning naked narrative on other tickers, but the wrinkle smoothed out. ... Why do you think you're seeing lists of 50 tickers that BANKS have banned shorting on. I've never the fuck heard of half of them... FUD. Repeat after me. ONLY GME. HODL) + +I have seen posts and comments talking about the woman, how she's secretly a hodlr and one of us. Because she tweeted something by dfv and said meow. Wow 1 fucking retweet and suddenly the face of the biggest FUD machine is an ape? The fuck she is. It was an act, and you're buying into it. + +Do not believe them. Do not trust them even when they tell the truth. They're the fucking wolves, and they're putting on their lambskin Clara to trick you. + +Not financial advice. I just hodl, wait and eat crayons. +**Disclamer**: This isn’t a fear mongering post about the virus itself. To put it into perspective the Swine Flu epidemic of 2009 has over 110k confirmed cases and close to 4000 deaths in the US alone yet many people don’t even remember that. But that’s for a different discussion in a different sub. + +I’m currently in Shanghai now, from my observation people in the West are not spending enough time talking about how devastating this virus has been to the Chinese economy and its certain global ramifications. + +Let’s take the city of Shanghai for example. It’s not one of the more heavily impacted cities, it’s not quarantined and people can mostly come and go freely. Many businesses are still open, from restaurants to malls. + +However for the first time ever I saw an Apple store with more employees than customers, and an open Starbucks with absolutely zero customers inside. The streets on a Saturday afternoon were about as empty as it would be at midnight on a regular weekday. All of this is happening during what’s supposed to be the busiest week for consumer spendings in China. + +The worst part is this doesn’t seem like it will change any time soon. Shanghai just announced that they will extend the CNY holidays by another week and people will like remain fearful for the coming weeks, if not months if we don’t see a dramatic turnaround of the virus situation. + +What this means is that any Western company that relies significantly on China for revenue would see their first quarter earning absolutely *crushed*, especially considering their forecasts were done with the assumption of this quarter being the best quarter of the year. For example I’m foreseeing Apple miss their Greater China’s revenue by as much as 50% this quarter, and it would be even worse for companies like GM, Ford and the airlines. I’m not sure if it’s widely known, but China is GM’s largest market by revenue and Ford’s 2nd largest. + +Further more this will impact the global manufacturing and supply chain significantly. I don’t know enough to model out a detailed scenario but my gut feeling tells me a prolonged manufacturing shutdown across major Chinese cities would be more than a little disruptive in that regard. + +I’m discounting the impact of the virus if it were spread to other countries in any significant numbers, but even considering the situation in China alone it’s extremely worrying. + +One final point is due to the significantly reduced traveling, China’s energy demand for this quarter would also be drastically reduced. It will likely impact global energy/oil prices and cause even further ripple effects. + +**Edit**: for people tell me how CNY in Shanghai should make the city a ghost town... Yes a few million migrant workers (流动人口), leave town during this time, but there are still ~~10M~~ 15M local residents left. For them this is a week of shopping, 串门(visiting friends), taking their kids to places since it’s also winter break, etc. I grew up in this city and no, people don’t just spend a whole week of national holidays at home. + +But yes... some businesses would be closed until 初四, and it may impact local expats’ favorite bars and clubs... + +**Edit 2**: Some people are missing the point. No I’m not saying the 2% drop we had so far is “The Dip”, that’s just normal fluctuation. No I’m not saying you should sell everything because unless the world is ending (in which case you wouldn’t worry about your stocks), the market will bounce back. Hell it bounces back after 2008 stronger than ever. But at this point nobody knows just exactly how bad the damage would be and how long it would last, so it *will* be rocky in the short to medium term. No you don’t have to react but you also shouldn’t be surprised if the market does. + +**Edit 3**: Jesus Christ people before you tell me how people tend to stay home and do nothing for Chinese New Year, I've spent 20+ CNY here as a local and that's just wrong. Last year people spent [$150B USD](https://www.bloomberg.com/news/articles/2019-02-10/china-lunar-new-year-holiday-retail-catering-sales-up-8-5-cctv) during CNY in consumer spendings. Chinese movie box office during the six days of CNY in 2019 [reached $860M USD](https://variety.com/2019/film/news/piracy-wandering-earth-chinese-new-year-1203138142/), which is probably more than any weekly box office number from the U.S. in all the history of Hollywood, but this year all movie theaters are closed due to the virus. The list goes on an on. +in T+2 are are going to see a massive covering of all the FTDs that were just created? + +Did a large fund have to dump their real shares on the market to counter the massive buying? + +Is next week the final kick off to the gamma question? + +All of the above? + +its really fucky out there, especially with all the news articles that have zero evidence being presented. +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. + +*** + +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! + +Make sure you are actually on the USPS website! The first four links after Google searching "change address" were scam copycats, I sleepily ran through the process on the wrong one that looks EXACTLY like the USPS site and now have to try and get the almost $60 refunded. Their customer service line goes straight to VM and they are not replying to emails. +As the title says….A lot of transactions haven’t even started to settle and brokers are furiously looking for shares across the globe…trading is stopped until the dust settles and some squeaky wheels are wondering wen moon? + +Move your expectations out. If we don’t see some positive price action in several months then I’ll start asking questions but until then, this action should be exactly what was expected… + +SHFs are fighting for their lives, this is a giant Market Maker in a corner fighting with everything they have, remember they essentially have been given freedoms to naked short by the government, and people are expecting them to go out easily. + +Refocus your expectations and realize this isn’t going to be as easy as a split dividend. There will most likely need to be other plays, like an NFT dividend a spin off company, a major acquisition, locking up the float, etc…and most importantly a profitable company, and most likely all things together for a company like Citadel to be put out of its misery. + +So realize the battle may just be starting and recalibrate your expectations. + +Buy, HODL and, Register + +💎🙌🌚🚀🦍 +As many of you, I love seeing lit up buildings or google activity data from our SHF Citadel. Quick upfront: Europoor Ape who likes to make memes, works in emerging technology and studied Philosophy. + +One thing I took away from university is the principle of bottom-up / top-down analysis. If done properly and emotionless, it gives a very clear image of a situation, no matter what opinions, pre-determinations or majority consensus thinks about a situation. So I thought, let's do this together. If you know something to add to the what we know section, we can come up with neutral assumptions. + +&#x200B; + +**What we know:** + +\- GME is a highly shorted stock which made the original shorting thesis of bankrupcy obsolete by raising capital and changing their direction and management team + +\- Assumptions point to a high probability situation in which the stock is multiple times over shorted + +\- Retail is overwhelmingly bullish on GME to a point where price discovery seems to not line up with buying pressure + +\- Citadel is a Market Maker and facilitates almost all retail trades for $GME + +\- Citadel is not a neutral entity: They oppose a bull theory and have gone short a long time ago + +\- Citadel pays various Neo-brokers to gain insights on retail activity, BEFORE they get executed + +\- Citadel is a leader in high frequency trading and essentially built programs that print money on arbitrage in the best case and blatant market manipulation in all others + +\- It has been known that various online platforms and MSM are used as datapoints to create technical analysis "patterns" and front run retail and leave them as the bag holders while profiting from the expected response to the action their HFT bots create + +\- Citadel is much more active with more people present in the office at any given moment than usually + they know we know this + +\- This tactic is USELESS in the example of GME: Buying and Holding a stock, no matter how many traditional sell signals there are, breaks their entire system. Sure, they can drop the price but if nobody to very few execute at these numbers, their gain might be less than their electricity cost + +\- Like it or not: Some of the smartest developers and mathematicians work for Citadel in order to perfect the gold shitting goose that HFT + Retail Manipulation and the ownership of the entire chain of transactions + the rights to naked shorting, is + +\- Our Forum is PUBLIC, now it should stay that way but it comes with benefits and risks: Open flow of information is our secret weapon and Achilles heel: We are way past the stage in which some guys scrape the forum and input some numbers, we got machine learning algos doing that a thousand times a second. + +&#x200B; + +**Ok now lets try to make some assumptions and then prepare for various results:** + +\- Citadels HFT Bots are probably useless and need to be updated + +\- Citadel is well aware of all the information on reddit and twitter readily available to be read by scraping programs and could use this to re-write their algos + +\- Superstonk is a lost cause for them, sure they can try to create dilution of information by having bots spam negative messages but we are basically the die hard GME fanclub and whatever you do, you will not be able to change the opinion of hooligans and ultras' towards their favourite football team + +\- Reddit is much, MUCH more than just Superstonk. And the internet is MUCH more than reddit. There is plenty of narrative and unknowing people to control. + +\- They used to do that, to the point where they basically mock us by putting up their logo in multiple screens on MSM + +&#x200B; + +**Now what could results and motivations of these actions be?** + +\- By playing a long game of controlling our emotions, they want us to feel angry and hateful towards their manipulative behaviour, mentally and financial market-ly + +\- Mainstream is so far on our side but scapegoating isn't a tactic for good will, its a tactic because it used to work, a lot. Human psyche does not change fast, we are very close to our versions 400 years ago. It could work again + +\- Activity at Citadel suggests that they A) lobby for rescue at various parties B) update their bots to counteract our actions by not simply lowering the price but actually giving us mental "floors" only to then break them, multiple times over. Posts suggesting that holding makes people tired is not a direct shill attack, its the result of their indirect attack. We need to be there for our community members feeling stress and anxiety from this insane situation. + +&#x200B; + +**So what can we do about it?** + +**- Detach ourselves emotionally** + +**- Take away any focus or eyes from mainstream media. They win every time we post something about Cramer or Fox News** + +**- Don't make this political** + +**- Don't expect any dates or outcome other than what's certain** + +**- Be above the enemy. If he slaps you on one cheek, you turn the other. If slapping doesn't hurt you, it will break the enemy in the long run** + +**- This is not a game of time: this is a game of persistence** + +&#x200B; + +&#x200B; + +As always: Buy, Hold, be patient + +Please feel free to add anything you think others could find useful to make their own assumptions in the comments. +Like the rest of you I’m watching the inflation drama unfold but I assumed they had plenty of powder considering they haven’t enacted capital controls yet . + +Did a quick Google search and it appears that it’s an absolute mess in that department. Depending on how you read the books they could be 35 Billion in the hole as of now . + +“When swaps and other liabilities such as required reserves are stripped out, Turkey’s net reserves stand at negative $35 billion.” + +https://www.aljazeera.com/amp/economy/2021/12/1/turkeys-central-bank-sells-foreign-reserves-to-stem-lira-crash + +There are a lot of other articles discussing this issue . For those who haven’t seen this dog and pony show before , Foreign capital exits little by little and then ALL AT ONCE . + +The population has already lost confidence from all the on the street interviews with the little man . At this moment we can expect that connected individuals within the government and business community are converting their accounts into other currencies and transferring their funds to accounts abroad . + +Anyone want to take bets as to when capital controls fall into place ? +# Is the DOJ due for a prosecution overhaul? + +Following the headline making Barclays fraud cases that have closed over the past year, the number of dismissed cases and defendants who walked away have revealed a flawed strategy in the Department of Justice’s prosecution. In a detailed [*Wall Street Journal* article](https://www.wsj.com/articles/flaws-emerge-in-justice-department-strategy-for-prosecuting-wall-street-11625506658), reporters Aruna Viswanatha and Dave Michaels delve into the crackdown of Wall Street executives following the 2008 financial crisis and how the Yates Memo of 2015 has led to an increase in individual prosecutions yet a dwindling success rate in convictions. + +According to data from Duke University Law School, the DOJ prosecuted 28% more employees of banking institutions in cases “where companies received leniency through so-called deferred or non-prosecution agreements” over the last five years. **However, the DOJ’s conviction rate in these cases dropped to 79% compared to their typical 94% success rate.** + +Critics argue that there are several reasons for these dismissed cases or non-guilty verdicts. Some of these include the DOJ’s attempt to criminalize conduct that may have been questionable but not illegal, prosecutors encouraging banks to violate employee’s self-incrimination rights in order limit the bank’s own liability, and ultimately prosecuting individual employees “as a proxy for much wider wrongdoing” within the banks.  + +Much of the rise in these individual prosecution cases can be attributed to the use of the Yates Memo. The Yates Memo, with an aim to increase transparency in the industry and usable evidence, offers companies credit for cooperating in a criminal investigation only if the company provides specific information about the individuals involved in the misconduct. This information in exchange for the company’s limited liability often includes inter-employee chats, client emails, trading records, meeting calendars and other details. Prior to the Yates Memo, companies could cherry-pick the information they were willing to turn over to investigators, often citing employee privacy policies.   + +Seven of these individual financial fraud cases are still pending, so we will continue to monitor how they develop, and whether the DOJ experiences more pressure from judges and juries to reevaluate its prosecution strategy.  + +&#x200B; + +[https://padulalawfirm.com/blog/is-the-doj-due-for-a-prosecution-overhaul/20/](https://padulalawfirm.com/blog/is-the-doj-due-for-a-prosecution-overhaul/20/) +My buddy wants to meet for lunch every other week or so. While my RE date is set, I am still working, so I'm probably not too focused on cash flow at the moment. + +I mentioned to my wife that I'd probably stop having lunch every other week with my friend once I RE. She replied with "then don't retire. I don't want to live like that". + +She's totally right. We are spending that much money today and doing just fine. That does not change simply because we retired. + +Question for those who have RE'd already - do you think about this type of spending differently than when you were working? +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! + +Now that it's black Friday, I'd thought I'll share a little trick that may or may not be commonly used. + +My family has a love/hate relationship with Amazon. They often have the best deal on something we need and/or want, and their two day shipping is really nice. However, it sometimes can be difficult to determine the difference between need and want. + +My personal strategy is to add whatever I want to the cart, but wait awhile before I pull the trigger on the purchase. Doing this still provides a little of that "shoppers high" of buying the item, but also allows the time to let it cool off and help you determine whether you still want it. It's kind of like cyber window shopping. + +A few of the items in my cart ended up being Christmas gifts when others needed ideas for me. Some have been there for over a year. Do any of you use a strategy to keep discretionary spending down? +I can barely buy extra groceries at the end of the month let alone buying ''experiences'' which 98% of the time means some vacation, and yes even if you budget it will still cost you money. + +i'm just super peeved, already felt some FOMO/bit of envy yesterday about everyone at work going on vacation, and was trying to find any sort of tips on how to have fun without spending too much and of course every single piece of advice is just ''just go on vacation!!! experiences are what matter'' + +fuck. off + +&#x200B; + +edit: I was super salty when I made the post, and just to clarify - both me and my SO work full time in finance and I.T respectively, we had a shitty emergency two months ago + a bad investment and we ended up with zero savings, we live in southern EU and used to traveling at least 3x a year and having no savings to do so and realizing we have to postpone all travel for god knows how long was putting me in a jealous/ugly place but we realized it doesn't have to be that way :) We're gonna try to overnight stays and add some different local things until we can travel again in October, thank you to everyone who responded respectfully! +The difference between this play and other plays I’ve been in is that there’s so much going on and being uncovered here that it seems like more time has passed than just a year since the events of last winter. + +I think this has to do with synapses flashing differently when a ton of new information is entering the psyche. I’ve traveled a lot in my life and noticed the same phenomenon where a couple months on the road in a foreign country feels like a year because of all the stimulation. + +As it relates to GME it feels like a ton of time has passed but the truth is most holders haven’t even reached long-term capital gains tax status yet. The play is that fresh. + +Great plays take time to develop, even when they’re not exposed to the fierce short resistance we’ve seen here. They take time because the company needs time to do its thing to the point where the various counter-narratives become so obviously wrong in the face of the bull case that even the average investor can see the truth. + +Not all bear cases are nefarious lies created by a cabal of bad actors trying to short a company out of existence. GME’s is but not all are. Different people with different psychologies see the world differently and there’s room for many narratives based on the same set of objective data points. + +The GME bull case will prove out. It will become undeniable even to the average investor. The turnaround is moving at warp speed right now. I know all I need to do is be patient while continuing to buy book shares in CS. It’s frustrating to watch the opposition use every manipulative and illegal tactic in the book to stay alive but they’ll never survive the real transformation that’s well underway. Hope everyone has a wonderful, peaceful holiday and recharges those batteries. + This is looking very promising, and I would encourage others to check it out also. They are looking at being listed on the TSX very soon here. I think anything under a dollar is a good buy at this point. Depending on what contracts this gets this could go big very fast. Now is the time to create a position. Check out website and video posted below. Who else here is already holding a position? Cheers. + +“Cielo has an exclusive global license from a related party for a game-changing refining process (“the technology”) that can convert multiple different waste streams into renewable diesel at a considerably lower cost than biodiesel companies. Almost every developed country in the world has a mandate to blend renewable fuels, and Cielo will be selling into this growing market. “ + + [https://youtu.be/1N4okmS0ShE](https://youtu.be/1N4okmS0ShE) + + [Cielo Waste Solutions Corp. – Turning Garbage Into A High Grade Renewable Fuel (cielows.com)](https://www.cielows.com/) +Since in all probabilities insurance premiums are set to rise after 30th November, 2021. I wanted to share my experience of the policy issuing process. There is not much detailed info of the processes followed by different insurers on this subreddit, so hopefully this will help out some folks. + +&#x200B; + +Brief about me: 27M, only child, unmarried and no dependents currently, both parents retiring over the next 3 years. My profile doesn't typically fit into someone who really needs a life insurance but I believed that I would need one sooner rather than later, so decided to go ahead and get one. + +&#x200B; + +Cover Amount: 2 Cr. Chose an amount based on what I believed would be more than sufficient (based on current household expenses) in case of death in the next 15-20 years. Post that time period my investments should be able to take care of everything and the policy could be discontinued if I wished + +&#x200B; + +Policy Type: Was clear about getting a vanilla term insurance which pays out a lump sum in case of death and that's pretty much it. Would consider riders in case they come at a miniscule cost. + +&#x200B; + +Why Aegon: Lowest premium out of all options listed on both Policybazaar and Coverfox. Did a lot of research on how to chose a life insurer but couldn't really see any advantage of going with the more popular bands plus Aegon does physical medical tests (no video medical etc.), so claim rejection can not be done on this basis. + +&#x200B; + +The Policy issuing process and timeline: + +1. Made the payment on 20th Oct after filling the details on Aegon's website. +2. On 21st Oct was asked to upload 6 month payslip and Covid Vaccine certificate (uploaded on same day). +3. Got asked for additional documents - 6 month bank statement, covid positve and negative reports and treatment records (I had declared that I had previously gotten Covid), submitted the docs on the same day. Parallelly a medical (ECG and blood test) was scheduled for 23rd Oct. +4. 23rd Oct, both ECG and blood sample collection was done at home which took about 30 mins in total. Fairly smooth process. +5. A week later on 31st Oct was informed that additional tests needed to be conducted. A Chest X-ray was required, as well a repeat ECG from a different lab (found later that the first ECG results were extremely abnormal) +6. Next day got a call to schedule the medical tests, but was going out of town due to Diwali break, so the process stalled until 8th Nov. +7. On 10th Nov, got a call to schedule the medical tests for which I would have to got to a centre. Got this scheduled for the weekend. +8. 13th Nov, Went to the centre (2 kms away from my residence) and got the X-ray and ECG done. This took about 30 mins. Got intimated the same day that tests were successfully completed and policy was under review +9. On 19th Nov, received a revised quote. Premium increased by Rs. 600 citing age change during the process (I had applied for the policy only a week before my birthday and their sales rep had already told me before that their will be a revision of around 500-600 Rs as it wouldnt be possible for them to complete their process in a week) +10. Payed the balance amount and policy issued within an hour. +11. Received the policy document. Reports of all medical tests that they conducted were available on their iassist portal + +The total process took around a month, but possibly would have been done in 3 weeks had I not gone out of town for Diwali. + +&#x200B; + +For folks considering Aegon's life insurance, please check with them if revised premiums would be applicable to you or not in case you apply before 30th Nov as their process would take at least 3 weeks to be completed. + +&#x200B; + +Overall my experience was fairly smooth and the customer support was top notch throughout the month. + +&#x200B; + +Thanks for reading :) +I mean it’s obvious most of us are but I just really am mind fucked thinking about all the possibilities. + +I grew up seeing the full evolution, starting with Atari and DOS games, shit that make dark souls difficulty feel like a bad comedy joke. + +I remember the first time I played Mario 3, Playing my first RPG final fantasy and following the ever evolving landscape of gaming through each iteration. I played Chrono trigger so much that my stats felt over 9000. Hell I even remember being the only one of my brothers who could enter in the dragon ball cheat code fast enough to unlock a character during the intro screen. + +I feel I was mostly raised by games and they were always there for me while being constantly demonized by my parents, media, and even peers. I’m in a pretty damn good spot in my life and I have gaming to thank, for keeping me going and facing every boss battle in life with the intent to try my best and learning from every time life handed my ass to me. + +Even now I’m laughing as when the 25th hits regardless of GME’s price and my financial standing, I’ll be playing Elden Ring while Kenny and the boys are scrambling to keep their eggs from getting cooked. I just fucking love to game. I love how much more it’s getting accepted. + +The future of gaming is going to be fucking insanity and I’m glad to be a part of ushering that in. Apes the fight isn’t over and I truly hope that when it is we can pave the way for a healthier world both in and out the gaming universe. + +The age of systematic abuse is coming to an end and the Renaissance of gaming and gamers will bring is just beginning. Looking forward to what comes next and sun bros/gals I meet along the way \\[T]/ + +Tl;dr 🦧 ❤️ 🎮 + +Let’s fucking go🚀 +I thought that small cap companies have more potential to grow so you could take advantage of the fastest growing companies. Is SCV preferred bc the growth stocks are way more volatile? What would be the better investment style for the long term? + +Any insight and suggestions for small cap ETFs would be greatly appreciated! +I think griffin and point72 Cohen are publicly élit fighting each other in the open and no one is noticing + +I strongly believe that point72 Cohen wants to throw Kenny under since he’s the one and only face we constantly blame for our beloved stock. + +I suspect the elite agreed on throwing citadel and Melvin under the buss in the upcoming boner. However, Kenny doesn’t go down without a fight. lately we’ve been seeing a lot of memes of point72 Cohen circulating around in superstonk and numerous dd trying to wake the interest of the public in point72 involvement (since they were lowkey hiding in the storm) + +Furthermore we notice an uptick of Twitter trending #darkpoolsabuse which is another citadel push against point72. + +Then LinkedIn public posts against citadel rise. + +And all of sudden we have someone talking to Charles pain the day after how (citadel is abusing the dark pool) and not getting enough fines. + +I strongly believe that HF are canabalizing against each other publicly (rich man style) at the moment + +There’s nothing to proof here, just a hunch but a bloody string one. We might see citadel die in the upcoming weeks and claim the squeeze is over. + +But it won’t be. + +Someone push left, someone else pushes right. They’re fighting publicly and they want to throw each other under the buss & I’m loving it. +Hi Apes, this is my first "DD" so go easy on me but feel free to correct anything that needs it. + +A few days ago I started posting updates on "Dark Pool" trades (Alternative Trading Systems, or ATS) and had a lot of feedback that I was sharing information that was misleading and that GME dark pool percentages were no different than any other security. This may be true as far as percentages but take a look at these charts comparing GME's Dark Pool Indicator to other securities Dark Pool Indicator, or DPI's. + +When DPI is higher than usual, that means there was more buying than usual in dark pools. + +[When DPI is higher than usual, that means there was more buying than usual in dark pools.](https://preview.redd.it/dxgh1l0lqse71.jpg?width=1707&format=pjpg&auto=webp&s=fcbc12b94995087a820f23509778bf8b0e2188f8) + +Now, lets take a look at GME's Dark Pool Indicator vs Other securities. + +[GAMESTOP - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/x39jaw3wsse71.png?width=3360&format=png&auto=webp&s=5b98863d889724a7dc41e6fbefb21e9e1c7df426) + +Notice how GME's DPI (64% DPI, higher than any other security) was very consistent prior to Januarys run up. Now look at the change that's taken place since. You don't see those large movements up and down. It doesn't fluctuate as it use to. If my research is correct this means that there is a lot more buying than selling going on in the Dark Pools. This would make sense if shares are being bought in the Dark and sold on the lit exchanges which would drive the price down causing the artificial value of GME. Also, check out the light orange color at the bottom of the chart between the volume and DPI. Thats the SI on GME. Someone tell me how the SI on GME has been between 20M-80M shares for 1-2 years or more but then suddenly apes figure out they have the SHF's up against a wall and BAM....drops like the Time Square Ball on New Years Eve . I don't think so Kenny!!! + +Now lets look at the same chart with the same dates for Apple. + +[APPLE - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/wbizrfbysse71.png?width=3360&format=png&auto=webp&s=84e36cd768623c3ab69acf6968010e16768b395a) + +Although the price of Apple has moved up significantly the DPI has not. Because no one cares to drive the price of Apple down. Interesting huh? + +And Amazon.... + +[AMAZON - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/6d448m9tsse71.png?width=3360&format=png&auto=webp&s=247ab5a8da12dfc11db6586348bafc653731b0a1) + +Although the price of Amazon has moved up significantly the DPI has not. + +And Disney... + +[DISNEY - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/lw9humhjtse71.png?width=3360&format=png&auto=webp&s=bed136a1c4ffe1fef246482d212c399217e1d246) + +Although the price of Disney has moved up significantly the DPI has not. + +And Microsoft... + +[MICROSOFT - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/68zr2ktttse71.png?width=3360&format=png&auto=webp&s=8e1311d7713fba6cb018a48daae17689040997b0) + +And the last one, Facebook... + +[FACEBOOK - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/nv630wm1use71.png?width=3360&format=png&auto=webp&s=0dc0d3fc7175d46a44184f7789cea16d246c11a4) + +The DPI caught my eye and is very interesting. I believe the GME Dark Pool Trading is very different than any other stock in the market. They all know what they are up against and will do anything at this point to keep it from happening. This is confirmation enough for me to HODL until the lights cut off. And now I know the percentage of Dark Pool shares in the volume isn't really what matters. + +***IT GETS BETTER. SOMETHING ELSE I FOUND WHILE SNOOPING AROUND..*** + +Dark Pool, or ATS, volume is shown in the volume of each security during trading hours. We just do not get to see the details of the trades. But I was looking through the FINRA OTC (Non-ATS) data that was reported for GME from December 2020 and May 2021. What I found is ridiculous. + +**Citadel, and all the other OTC exchanges, traded OVER 1.27 BILLION shares of GME between Dec 2020 and May 2021. And these share DO NOT reflect in the volume the public can see!!!!** + +Lets narrow it down to Citadel. *Keep in mind there are ONLY around* ***75,000,000 tradable shares of GME*** *in existence.* This includes institutional ownership and what the apes HODL. + +For the week of January 19th-22nd the total volume of GME shares traded on lit exchanges (the volume the public can see) was 357,394,137 million shares. Of those shares 29,392,454 million shares were traded in the Dark Pools. Now get this...OTC GME volume for the same week...170,039,730 shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 80,131,562** + +[GME Volume for Week of 1\/19-1\/22 highlighted.](https://preview.redd.it/4mvtcrmpvse71.jpg?width=1610&format=pjpg&auto=webp&s=5195a89a09b748c14b9b0c505a9084e448d2d63d) + +[OTC \(Non-ATS\) Data Details for Week of 1\/18\/2021](https://preview.redd.it/1yhswv98xse71.png?width=2732&format=png&auto=webp&s=f1a2c72d115e294b166fe55317b97153d738316c) + +&#x200B; + +For the week of January 25th-29th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 533,339,836 million shares. Of those shares 44,126,023 million shares were traded in the Dark Pools. OTC GME volume for the same week...184,322,069 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 92,991,756** + +[GME Volume for Week of 1\/25-1\/29 highlighted.](https://preview.redd.it/m5nepjcbwse71.jpg?width=1560&format=pjpg&auto=webp&s=914314554bd539b967777b7608b43037a2a86d04) + +[OTC \(Non-ATS\) Data Details for Week of 1\/25\/2021](https://preview.redd.it/ml2uxnjmwse71.png?width=2732&format=png&auto=webp&s=f02b7ba9e5d677a261ef64c9c1c3e8c9eb0b2daa) + +&#x200B; + +For the week of February 1st-5th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 294,187,394 million shares. Of those shares 24,960,707 million shares were traded in the Dark Pools. OTC GME volume for the same week...147,148,134 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 67,048,361** + +[GME Volume for Week of 2\/1-2\/5 highlighted.](https://preview.redd.it/m133sucbwse71.jpg?width=1536&format=pjpg&auto=webp&s=147d4373ba45b0144f6017dedc6d4318551573fe) + +[OTC \(Non-ATS\) Data Details for Week of 2\/1\/2021](https://preview.redd.it/eggbs8kmwse71.png?width=2732&format=png&auto=webp&s=9d15862da8bd7e1baa8721ada25209e108b84d2c) + +&#x200B; + +For the week of February 8th-12th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 114,243,319 million shares. Of those shares 6,997,461 million shares were traded in the Dark Pools. OTC GME volume for the same week... 49,113,110 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 18,848,780** + +[GME Volume for week of 2\/8-2\/12 highlighted.](https://preview.redd.it/ju78vhcbwse71.jpg?width=1544&format=pjpg&auto=webp&s=570fbdbca2bd48962d248f43d9e9986257a31e45) + +[OTC \(Non-ATS\) Data Details for Week of 2\/8\/2021](https://preview.redd.it/gkqyk240xse71.png?width=2732&format=png&auto=webp&s=5c9b1a9d9d7356477566f086d846499c876715c7) + +&#x200B; + +These are just a few weeks out of the year. I understand that the volume comes from high frequency trading and that its buys and sells, **but seriously**....this is an insane amount of GME being traded. I wanted to post FINRA data from other securities and show you how the OTC trades on Apple, Tesla, FB, MSFT, WMT, and others do not compare to the amount seen in GME but it would have made this way too long. Go check it out for yourself. Its incredible. Ill post the link at the end. ***READ EDIT 2 BELOW!*** + +**TL;DR: The Dark Pool trading in GME seems to be way more buys than sells. Appears the sell are happening in the lit exchanges as everyone predicted. Over 1.2 Billion shares of GME were traded in Over-the-counter exchanges between December 2020 and May 2021. The 1.2 Billion doesn't include Dark Pools or Lit exchanges. Other securities such as Apple, Tesla, and FB do not come close to the statistics of OTC percentage of shares traded vs tradable shares seen in GME. There is no way the SHF's covered. This is mind boggling for me. HODL because we like the stock a lot. Moon coming.** + +EDIT: Thank you everyone for the awards and positive comments. Being my first DD I just knew I was about to get hammered by the wrinkles. I was prepared. Hopefully, the Real Wrinkled Brains can chime in soon if they see it. + +***EDIT 2: I forgot to mention that Citadel Connect is a Dark Pool that doesn’t report to FINRA, as mentioned in this subgroup before. “Numerous reliable reports suggest*** [***Citadel Connect***](https://tokenist.com/in-depth-citadel-connect-and-dark-pools-uncovered/) ***is indeed a dark pool. Interestingly enough however, Citadel Connect is not registered as an ATS, nor does it report its trading volume to FINRA, which is overseen by the SEC, per a 2015 Reuters report”. Think about that for a minute. Citadel trades securities OTC, as an (unregistered) ATS, and executes approximately 47% of all U.S.-listed*** [***retail volume***](https://www.citadelsecurities.com/products/equities-and-options/)***. INSANE! Imagine what they are hiding that we will never know about in this “free and fair” market of ours. What they are not reporting is key for SEC to find out IMO.*** + +\*This is NOT financial advice and I have no clue about any of this stuff\* + +Sources: + +[FINRA OTC Transparency Data](https://otctransparency.finra.org/otctransparency/AtsIssueData) + +[Squeeze Metrics Documentation](https://squeezemetrics.com/monitor/docs#dpi) +As mentioned previously, I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. + +Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + +# Random ASX Stonk of the Week - Week 2: + +**Company name:** McGrath Limited + +**Ticker:** MEA + +**Industry:** Real Estate + +**Headquarters:** Sydney + +**Market cap:** $102m + +**Current share price:** $0.61 + +**P/E ratio:** 10.5 + +**1-year Performance:** \+110.17% + +**What they do, smoothbrain version:** slimy real estate agents who charge shitloads of commission on houses for doing fuck-all + +**What they say they do, wanky version:** *"We are a real estate company built around a community of genuine, like-minded professionals with one goal - to achieve the best result for each and every client."* 🍆👋 + +**What they do, actual version:** You may not know the stock ticker MEA, but you probably sure as fuck know the company McGrath if you've walked through any major Aussie east coast city suburb in recent years. + +Like vampires, they have expanded to cover most of the eastern seaboard - wherever there is sweet, delicious and sustaining commission on housing to be leeched. + +McGrath Ltd are a Sydney-based chain of real estate agencies with over 100 individual offices across the country, who have been around since 1988. They derive their revenue mostly from commissions/listing fees for sales of property, but also through an ongoing rent roll of rental properties and via loans. + +**What looks good:** + +* Investing in a company like McGrath could potentially serve as a proxy for "investing in Aussie real estate" for those who either can't afford, or choose not to, buy their own house. It seems like a more fundamentally sound substitute vs. something like RealEstate.com.au (REA) on the ASX given REA currently trades at a ridiculously overvalued 136(!) P/E ratio. A.k.a, if you think the Aussie real estate industry is going to keep booming for the foreseeable future, MEA might be a good bet as a mid-term hold. + +* Their increase in sales pretty much directly aligns with the post-Covid property bumrush we are seeing, with a 22% increase in total properties sold over the previous reporting period. + +* Total value of properties sold in the first half of FY2021 was $7.6 billion vs. $5.9 billion for the same time the previous year. Given current market trends, this looks like it will be all but guaranteed to increase over the current period. + +* It's not just the *quantity* of Aussie houses being listed increasing, but the rising actual *prices* themselves, making for a double-whammy of potential increased revenue for not much extra effort or innovation required on MEA's end. + +* They have recommenced payment of a dividend as of this year. + +* Even though the system's calculations are a bit retarded, [SimplyWallSt](https://simplywall.st/stocks/au/real-estate/asx-mea/mcgrath-shares) lists the company as "Trading at 96.4% below our estimate of its fair value", which would place the SP at around $17 (retarded x 999); however even removing their JobKeeper & office sale revenue from the picture would still place it well above the current SP for "fair value" in the same system. + +* No (zero) debt to be concerned about, financially healthy overall. + +* Management should still be seen as strongly invested given, you know, the guy with his name on the company sign still owns over 20%. + +**What doesn't look good:** + +* Their most recent financials are propped up by a couple of abnormalities. They sold their Parramatta office for a chunk of revenue, and also received JobKeeper, combining for around \~$4 million of revenue which made up a huge chunk of their turnaround back to profitability. + +* ...however, even without this amount their after-tax profit still increased from a \~$1 million loss in the same period of 2019, to a $4.4 million profit in the Dec period 2020. This came about as a combination of increased revenue (16%) as well as a \~$1 million cost reduction in "cost of doing business", which probably means they fired a bunch of unlucky junior cunts during the pandemic who now gamble their Centrelink money on this subreddit. + +* The current Real Estate market might be a stimulus-and-low-rate-fuelled mirage that could come crashing down at any time if rates rise. + +* No debt can also sometimes signal a lack of growth ambition as far as listed companies go, and decreases "rocket potential". + +* Has had a couple of wonky years in the past couple of years revenue-wise. + +**Overall rating (strong buy/buy/hold/avoid):** seeing the Aus property market is retarded and growing moreso, you'd think their revenue is pretty insulated - especially via the endless backing by the government for the real estate industry - so as to increase. I would say Buy. + +MarketIndex page: [https://www.marketindex.com.au/asx/mea](https://www.marketindex.com.au/asx/mea) + +Feel free to add more DD/comments below. + +Would you buy this stonk? Why or why not? Feel free to vote in the poll. + +Link to previous Random Stonk of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +[View Poll](https://www.reddit.com/poll/lyojgx) +I am 31M and on my path to fatFire by 40, and have always been an aggressive saver. +Now at this stage in my life, are there things worth splurging on that can have materialistic difference is wellbeing. For example a good mattress/pillow or things like that. +That's it, Whales control the market and there's nothing much you can do about it other than to play long term + +Today the sentiment here was of death... in a few a minutes a lot of buying orders and BTC pumped 2k up and alts followed. Do you think this is organic? + +Of course not! Whales are playing with the market and will continue to do so and take money off from retail, specially when you buy at the top and panic sell + +Other way to lose larges amount of money to whales is leveraging. A lot of shorts got blasted in the last 2 hours + +Just check Whale Alert twitter, there are millions and billions of dollar moving from just a few wallets. + +Even if everyone in this sub chipped in with 10 USD$, it wouldn't even come close to whales' power. See this transactions just a few hours ago: " 129,921,132 USDT (129,921,132 USD) transferred from unknown wallet to BINANCE ". That's over 30 USD for each one here! And that's just one Whale + +TLDR: That's it boys and girls, you're a mere shrimp or algae in this crypto ocean, and the only real tool you have at your disposal is playing long term and not panic buy/sell, all the rest is playing with your luck and chances are you are going to get crushed by the whales +I'm looking to build up a 3-5% portfolio holding in a mix of crypto currencies. Ideally I'd buy a market cap weighted crypto etf...but I know that isn't an option in the UK. + +The alternatives I see are: + +- invest through a crypto exchange, such as Binance. This would give most choice and control, but I find the fee structure horribly complex and convoluted. Also I'm a bit nervous of the regulatory aspect making it difficult to fund/withdraw fiat money (e.g. binance). I also am nervous of the exchange being hacked...but I equally don't really understand cold wallets and encryption keys. + +- Use a traditional exchange such as etoro. I see here there is a cyptoportfolio that can be invested in that mirrors market cap weightings (although only adjusted annually to limit fees). The simplicity appeals, as does the outsourcing of security. Downsides I can see are need to fund etoro in $ creating inbound outbound fx charges. Also I've read the spread for crypto on etoro is high. + +- invest in invesco elwood block chain etf. Benefits are it's simple, i can invest through my ISA and relatively cost effective at 0.65% ongoing charge. However, this isn't really a crypto etf, but would at least provide some linkage to crypto price movements + +Am I missing any other options? +How do you invest in crypto balancing convenience and cost? + +Finally, just to say that this is a long term position I'd like to hold over pound cost averaging and would be limited to max 5% of my overall investments and I have no interest in day trading. + +Thanks +Title says it! I'm pretty excited for that actually. Does anyone know of a powerpoint of slide deck that has already been created somewhere I could use and/or modify? I'd like it to be not too technical, but serve as a foundation to understanding money better. + +Anyone have any resources you think are good? + +By the way: I'm asking here *using this community as a resource*. Of course I Googled Bitcoin lessons, and of course I could make my own. I'd really like to see some of what's already out there! + +edit:typo + +Edit 2: Wow this blew up! Thanks for all the responses. Some general clarification - I’m not interested in teaching the technicals, yet. Many students have already asked me about Bitcoin and other coins. There are many ways to explain “what” Bitcoin is, and I see many more in the comments! I do not plan on talking anything market related. I just want to answer their question “what is this Bitcoin thing people are talking about?” And hopefully open the door to future lessons on what money is and the history of it. + +Also: I teach at a Charter. Long story short - I do what I want! + +Edit 3: Some people are saying that because they’re 8th graders it’s not worth teaching them. When students are constantly coming up to you and asking you about BTC and DOGE and SafeShit, I liken that sentiment to teaching them about sex. They are talking about it themselves, so why not treat them as young adults and educate them? Refusing to respond to a student about Bitcoin will likely end up with them buying some scam coin. We teach then stocks as well. Not wanting to teach them what it is because it can be likened to gambling is absurd. + +Edit 4: 😂 Wow there are some comments from people who obviously have some residual trauma from people who hurt them. Read the damn title. You can always tell who isn’t a teacher - they are always trying to tell teachers how and what to teach (with horrible grammar, I may add 🙄). Maybe, for the first week of class while we are getting students acclimated to being back in school, we ease into content. Instead, give them lessons on material not covered in a curriculum and try to forge relationships going into a new year. +Also if you don’t like Bitcoin, why the fuck are you on r/Bitcoin? Sounds like you need r/buttcoin. + +Edit 5: Just found out from members of my grade level team that many of them are wanting to talk finances and whatnot and want to plan together to make our little free lessons a little more cohesive and centered around financial literacy. Because we will be using the first week to go over norms and protocols and all the other stuff, we each now have a total of 2 hours over the week for a free lesson, particularly ones that students have shown interest in (e.g., Bitcoin). This means I am now planning a 4 part lesson about money, starting with bartering, to coins, to paper money, to fiat money, plastic money, and then to internet money. This is going to blend very well with another teacher who is going to give a crash course on what the internet (of information) is. +I appreciate the help! +Penn gaming is being added to the S&P500 later this month, after experiencing a meteoric rise from extreme lows last March. The run up has been incredible for PENN and most other gaming stocks, as more states look to legalize sports betting. + +https://www.marketwatch.com/story/s-p-500-bets-on-penn-national-gaming-and-caesars-in-index-reshuffle-11615589867 + +Personally, even at its current valuation, I’m bullish on PENN (as well as DKNG). As states look to climb out of COVID related debt, I think sports betting becomes even more widespread. Additionally, PENN will increase its ownership of Barstool Sports (a $20bn company in its own right) to 50% over the next few years. + +EDIT: Barstool may or may not be worth $20B, depends on if you believe Dave Portnoy say so. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +This is going to be a long one. + +This analysis contains no memes, no hype dates, no cryptic tweet analysis, and minimal speculation based on known market mechanics. This is a cumulative fact-based report of what we know to-date. The abstract is the closest you will get to a TLDR. This is *The GameStop Market Hedge Thesis*. + + +##Abstract + +GameStop is primed for the biggest short squeeze the market has ever seen. **The January 2021 “Sneeze”** section uses SEC reports to show that short covering was a small fraction of the buy volume in the sneeze. Massive short positions are open and hidden in ETFs and swaps which don't have to be reported. **Current Market Conditions** is speculative but shows strong signs of an impending recession and/or market downturn. **The GameStop Squeeze is Inevitable** shows the company is in good health and at no risk of bankruptcy. Borrow and utilization rates prove the stock is illiquid and hard to find. Negative beta is a strong indicator that GameStop tracks inverse to the market which is headed for a major downturn. Even with current reported SI and no hidden short positions GameStop is primed to move many multiples above its current market cap. ComputerShare DRS statistics provide proof of a closing exit for shorts to squeeze out of, day by day making it harder for them to close their positions entirely. + + +_________________ + +#Why Short Squeezes Happen + +##Prime Short Squeeze Conditions + +>Short interest ratios tend to be quite low; for large non-financial stocks, they are often less than 2.5% whereas for small non-financial stocks they still tend to be less than 13%. **Few stocks, if any, have short interest greater than 50% on a given date.**^(76) Until recently, short interest of more than 90% was observed only a few times—in 2007 and 2008. When examining short interest as a percent of shares outstanding, **GME is the only stock that staff observed as having short interest of more than shares outstanding in January 2021.** + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +>**Short squeezes tend to occur more often in smaller-cap stocks, which have a very small float** (supply), but large caps are certainly not immune to this situation. + +[[Investopedia What Short Interest Tells Us](https://www.investopedia.com/articles/01/082201.asp)] + + +_________________ + +#The January 2021 “Sneeze” + +>Some institutional accounts had significant short interest in **GME prior to January 2021.61 GME short interest (as a percent of float) in January 2021 reached 122.97%,** far exceeding other meme stocks like Dillard’s, Inc. (symbol: DDS) (77.3%), Bed Bath & Beyond, Inc. (symbol: BBBY) (66.02%), National Beverage Corp. (symbol: FIZZ) (62.59%), Koss Corp. (symbol: KOSS) (0.92%), Naked Brand Group, Ltd. (symbol: NAKD) (7.3%), and [A]MC Entertainment Holdings Inc. (symbol: [A]MC) (11.4%). + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +FINRA reported GameStop’s short interest at 226% as of 2/9/2021 + +[FINRA NYSE:GME 2/9/2021](https://i.redd.it/1vc7zl4yzgg61.jpg) + +>January 27th 2021 1% of all NSCC members were margin called because of idiosyncratic risk in one named stock GameStop + +[[2021 Financial Stability Oversight Council Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf)] + +>“If the short squeeze happens the stock could go to infinity practically because the shorts have to borrow the stock and once there is no more stock to borrow they cannot deliver. So the broker has to buy the shorts at any price. So there is no solution to this unless shorts are liquidated.” + +Thomas Peterffy + +Billionaire Founder and Chairman of IBKR + +[[Bloomberg Markets and Finance](https://youtu.be/kV_P8wnY854?t=407)] + +##Why did GameStop Short Interest drop after January 2021? + +[GME Short Interest 2007-2021](https://i.imgur.com/Wrob3MR.png) + +>As GME increased in value, price changes in XRT became increasingly driven by those of GME. **Shorting XRT could have served as an indirect, though imperfect, way of shorting GME.** In fact, staff observed a large spike in net redemptions of nearly 6 million shares in XRT on January 27, which may be consistent with short selling activity. This redemption activity was generated nearly entirely by ETF market making firms. It therefore was likely the result of net selling of XRT by market participants against market makers (e.g., market makers buying from investors selling short) where the market makers, rather than offsetting those purchases, subsequently redeemed the XRT shares from the ETF sponsor for shares of the underlying stocks. Such shorting could have led XRT to trade either at a premium or discount relative to its NAV depending on market dynamics. + +>**While a short squeeze did not appear to be the main driver of events,** and a gamma squeeze less likely, the episode highlights the role and potential impact of short selling and short covering. + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##Market Makers’ Role + +>The vast majority of GME stock trades executed off exchange in January 2021 were internalized (approximately 80%) as opposed to executed on ATSs.^(99) The market for internalization of GME was highly concentrated, with 88% of internalized dollar volume in January executed by just three wholesalers.^(100) Citadel Securities accounted for nearly 50% of internalizer dollar volume during the month, rising to as high as 55% of daily internalized dollar volume twice.^(101) Virtu Americas accounted for approximately 26% of the internalized volume during January.^(102) While the percentage of GME trading internalized declined during **the last week in January, the absolute volumes executed by internalizing firms during the days of the most intense trading in this period were, in some cases, an order of magnitude larger than what had previously been typical for these firms. For example, Citadel internalized an average of just under $37 million of GME per day in December 2020.^(103) On January 27, Citadel internalized nearly $4.2 billion of GME.^(104)** Similarly, Virtu internalized an average of $23.4 million of GME each day in December 2020 and $2.2 billion of GME on January 26.^(105) On January 29, Citadel internalized approximately $2.2 billion of GME stock, while Virtu internalized approximately $1.4 billion.^(106) + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##SEC Conclusions + +[Figure 6](https://i.imgur.com/PjB8y9h.png) + +>Figure 6 shows that the run-up in GME stock price coincided with buying by those with short positions. **However, it also shows that such buying was a small fraction of overall buy volume,** and that GME share prices continued to be high after the direct effects of covering short positions would have waned. The underlying motivation of such buy volume cannot be determined; perhaps it was motivated by the desire to maintain a short squeeze. Whether driven by a desire to squeeze short sellers and thus to profit from the resultant rise in price, or by belief in the fundamentals of GameStop, ***it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock.*** + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##XRT Price and Short Interest + +[ORTEX ARCA:XRT](https://i.imgur.com/a2N3Bv5.png) + +##NSCC Financial Stability (Clearing House) + +>**The maximum backtesting deficiency, or margin breach, at DTCC’s FICC clearing services fell off for the twelve months ending March 31, 2021 as market volatility observed in the first quarter of 2020 rolled off** (Chart 3.6.1.2). In contrast, NSCC reported a backtesting deficiency of $1.1 billion on January 22, 2021, the largest since public disclosure began in the third quarter of 2015. In its quarterly Principles for Financial Market Infrastructures (PFMI) disclosure, **NSCC attributed the backtesting deficiency mainly to a single security exhibiting idiosyncratic risk.** + +[[NSCC 2021 Financial Stability Oversight Council Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf)] + +##Total Return Swaps + +**How did Archegos manage to get away by not disclosing its positions?** + +>**Archegos is estimated to have managed about $10 billion of its own money, according to people familiar with the fund. Its total positions that were unwound approached $30 billion thanks to leverage Archegos obtained from banks.** + +[[WSJ What Is a Total Return Swap and How Did Archegos Capital Use It?](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839)] + +>**These losses were made possible due to the unique characteristics of total return swaps and Archegos’ formation as a family office, both of which permitted Archegos to skirt trading regulations and reporting requirements.** Archegos essentially purchased beneficial ownership in large amounts of stocks, particularly ViacomCBS Inc. and Discovery Inc., on credit. Under Regulation T of the Federal Reserve Board, up to 50 percent of the purchase price of securities can be borrowed on margin. However, to avoid these rules, Archegos instead entered into total return swaps with the banks whereby the bank is the actual owner of the stock, but Archegos would bear the risk of loss should the price of the stock fall and reap the benefits if the stock were to go up or were to make a distribution. + +[[Social Science Research Network - Total Return Meltdown: The Case for Treating Total Return Swaps as Disguised Secured Transactions](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4065946)] + +>According to reports by Bloomberg and The Wall Street Journal, Archegos built up these positions through a derivative instrument called total return swaps. **According to this Forbes report, family offices are required to report stock and derivative positions above $100 million in 13-f filings on the Securities Exchange Commission’s EDGAR website. However, swaps are excluded from 13-f filings.** + +[[CNBCTV Explained: Why regulators failed to spot the ticking time bomb at Archegos](https://www.cnbctv18.com/market/stocks/explained-why-regulators-failed-to-spot-the-ticking-time-bomb-at-archegos-8806301.htm)] + +##Swap Reporting Delayed until October 2023 + +>The Commodity Futures Trading Commission’s Market Participants Division today issued a time-limited no-action letter concerning capital and financial reporting obligations for swap dealers (SDs) subject to capital requirements of a prudential regulator (Bank SDs) under the CFTC’s SD financial reporting rules. + +>**The no-action letter was issued in response to a joint request received from the Securities Industry and Financial Markets Association and the International Swaps and Derivatives Association on behalf of their SD members who are otherwise required to comply by October 6, 2021 with the CFTC’s newly adopted capital and financial reporting requirements.** The relief granted by the letter would expire on the earlier of October 6, 2023 or the adoption by the CFTC of any revised financial reporting and notification requirements applicable to such Bank SDs. + +[[CFTC Staff Provides Temporary No Action Relief from Certain Financial Reporting Requirements to Bank Swap Dealers](https://www.cftc.gov/PressRoom/PressReleases/8422-21)] + + +_________________ + +#Current Market Conditions + +[Inflation rises to highest level since 1981](https://i.imgur.com/g5Ruues.jpeg) + +##Reverse Repo Rate + +>**“With more market rates threatening to go negative (either explicitly or through deposit fees), pouring money into the RRP facility at a zero rate is the least painful alternative,”** said Lou Crandall, chief economist at Wrightson ICAP, in an email to MarketWatch. + +[[MarketWatch Why demand for Fed’s reverse repo facility is surging again](https://www.marketwatch.com/story/why-demand-for-feds-reverse-repo-facility-is-surging-again-11621904689)] + +>The amount of money parked at a major Federal Reserve facility **climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to find places to invest their cash in the short term.** + +[[Bloomberg Fed Facility Tops $2 Trillion as Investors Scramble to Park Cash](https://www.bloomberg.com/news/articles/2022-05-23/fed-s-reverse-repo-facility-exceeds-2-trillion-for-first-time)] + +[Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations](https://i.imgur.com/q5sqtqn.png) + +[S&P 500 March 2019 - June 2022](https://i.imgur.com/glDm926.jpg) + +[Global Cryptocurrency Market Capitalization August 2020 - June 2022](https://i.imgur.com/7ie6Q2N.png) + + +_________________ + +#The GameStop Squeeze is Inevitable + +##Thesis + +Shorts have not closed, some of the biggest market makers and institutions have been trying to hold a beach ball (GME) underwater for the last 18 months. + +##Risks v. Reward: Risks of Investing in a Short Squeeze + +>Contrarian investors may buy stocks with heavy short interest in order to exploit the potential for a short squeeze. A rapid rise in the stock price is attractive, but it is not without risks. **The stock may be heavily shorted for good reason, such as a dismal future outlook.** + +[[Investopedia Short Squeeze Definition](https://www.investopedia.com/terms/s/shortsqueeze.asp)] + +##GameStop Fundamentals + +Cash and Cash equivalents of $1.035B + +Merchandise Inventories of $917.6M + +[[GameStop 10-Q Quarterly Report](https://news.gamestop.com/static-files/5df55006-ebe2-478e-8058-d88a7b5b3d88)] + +[GMEdd Tech Hire Database](https://www.gmedd.com/report-model/) - From February 2021 to-date GameStop has hired 428 executives and engineers from Amazon, Chewy and more. + +##Borrow rates are above January 2021 levels + +[ORTEX NYSE:GME](https://i.imgur.com/VxePpw3.png) + +>Lending fees to borrow GME were around 25% in January 2021 and fell as short interest began to decline into February 2021. + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##Insider Buying + +| INSIDER TRADE            | 3 MONTHS    | 12 MONTHS     | +|:-------------------------|------------:|:-------------:| +| Number of Shares Bought  | 112,500     | 257,633 +| Number of Shares Sold    | 743         | 2,833 +| Total Shares Traded      | 113,243     | 260,516 +| Net Activity             | 111,757     | 254,750 + +[[NASDAQ GME Insider Activity](https://www.nasdaq.com/market-activity/stocks/gme/insider-activity)] + +##Negative Beta + +What Is Beta? + +>Beta is a measure of a stock's volatility in relation to the overall market. **By definition, the market, such as the S&P 500 Index, has a beta of 1.0, and individual stocks are ranked according to how much they deviate from the market.** + +>Negative beta: **A beta less than 0, which would indicate an inverse relation to the market, is possible but highly unlikely.** Some investors argue that gold and gold stocks should have negative betas because they tend to do better when the stock market declines. + +[[Investopedia What Beta Means When Considering a Stock's Risk](http://investopedia.com/investing/beta-know-risk/)] + +[Zacks GameStop Fundamental Charts Beta](https://i.imgur.com/lPuFkr9.png) + +##Utilization Rate + +>The utilization rate is the number of shares borrowed divided by the number of shares that institutional investors are willing to lend. **A higher rate indicates that more of the supply of shares in the securities lending market is being borrowed.  A higher utilization rate also increases the likelihood that short sellers could face a buy-in if investors recall their loaned shares.** + +[[Seeking Alpha Stocks with the largest increase in utilization rate](https://seekingalpha.com/instablog/682063-shortside/149448-stocks-with-the-largest-increase-in-utilization-rate)] + +[GameStop Utilization Rate](https://i.imgur.com/fADB8n5.png) + +##Reported Short Interest + +Exchange Reported short interest is up to 24% of the free float and ORTEX estimated short interest is up to 28%. + +[ORTEX NYSE:GME](https://i.imgur.com/b2tn2f7.png) + +>In early 2020, Tesla was the most-shorted stock on the U.S. exchanges, with more than 18% of its outstanding stock in short positions.From late 2019 through early 2020, Tesla stock soared by 400%. + +[[Investopedia Short Squeeze Definition](https://www.investopedia.com/terms/s/shortsqueeze.asp)] + +##Stock Split Dividend + +>**GameStop plans to seek shareholder approval for a stock split in the form of a dividend.** If approved, the stock split would increase the number of GameStop Class A common shares from 300 million to 1 billion. + +[[Investopedia GameStop (GME) Flags Stock Split, Shares Surge](https://www.investopedia.com/gamestop-flags-stock-split-shares-surge-5224459#:~:text=Key%20Takeaways,300%20million%20to%201%20billion.)] + +GameStop shareholders approved the amendment to increase the number of authorized shares of Class A Common Stock [the "common stock"] to 1,000,000,000 on June 2, 2022 + +>Shareholders of dividend-paying companies as of the record date are entitled to collect declared dividends. **If, however, you are short a dividend-paying stock, you are not entitled to receive the dividend and must pay it instead to the lender of the borrowed shares.** + +[[Investopedia Are Investors Short a Dividend-Paying Stock Entitled to the Dividend?](https://www.investopedia.com/ask/answers/042215/if-investor-short-dividendpaying-stock-record-date-are-they-entitled-dividend.asp)] + +##Direct Registration of Shares + +**What is Direct Registration v. Street Name?** + +>You may have your security registered in street name and held in your account at your broker-dealer. Many brokerage firms will automatically put your securities into street name unless you give them specific instructions to the contrary. **Under street name registration, your firm will keep records showing you as the real or "beneficial" owner, but you will not be listed directly on the issuer's books.** Instead, your brokerage firm (or some other nominee) will appear as the owner on the issuer's books. + +[[SEC Holding Your Securities Get the Facts](https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html#:~:text=Under%20street%20name%20registration%2C%20your,owner%20on%20the%20issuer's%20books.)] + +##What does DRS do? + +[Flow chart demonstrating shares held in ComputerShare remove the stock from the DTC](https://i.imgur.com/acXwGGl.png) + +##A Closing Exit + +**As of today shareholders have directly registered over 43% of GameStop’s free float.** + +[GameStop's Available Float with Retail DRS subtracted](https://i.imgur.com/4DWLRKI.png) + +[[ComputerShared.net](https://www.computershared.net/)] + + +_________________ + +#In Conclusion + +Shorts have not closed. Markets are on edge and GameStop becomes more illiquid with each day that passes. MOASS will come and when it does it will be unlike anything the markets have seen before. +I'm a long-time glasses wearer and was speaking to my optician recently about laser eye surgery. She doesn't know my financial position. Her view was that it wouldn't be possible to correct it 'enough' to make it worthwhile. My recent prescription was: + +&#x200B; + +|Distance|Right|Left| +|:-|:-|:-| +|Sphere|\+0.75|\+0.75| +|Cylinder|\-0.75|\-1.00| +|Axis|180|180| + +&#x200B; + +|Near|Right|Left| +|:-|:-|:-| +|Sphere|\+1.75|\+1.75| +|Cylinder|\-0.75|\-1.00| +|Axis|180|180| + +I am comfortable wearing glasses for near/reading. + +My question is with a "money is no object" approach, could I get something done? Happy travelling internationally (within reason.... not to North Korea etc.). I'm guessing other fatties on here have looked into this before. +(TL;dr) Today I went to work and it actually COST me money. Doh. + +EDIT: No. I didn't use $15 in gas. I spent $15 to add to my tank before I left. + +I've always had a weird relationship with money. Like, weird-weird. + +I never really paid money any mind- and trust me... it hasn't paid much attention to me, either. Being frugal, working hard, never seemed that difficult- and besides... It's RESPECTABLE to work hard. You see those kids who grow up and reward their single mom for working three minumum wage jobs- getting up early to walk to her job at the laundromat etc... As a single mom for the better part of 16 years, I felt it was my cross to bear. Not that anyone was particularly noticing or patting me on the back- but I trudged along working harder, not smarter. + +I have always been proud that I persevered. An overcomer! But now, I just feel plain dumb. + +Today, especially. + +I have a side job- delivering mail for the USPS as a relief driver on the rural route out here. I got a call yesterday that I was needed to run the route today. I said Sure.. like I always do. + +This morning, I was outside at 8:30am trying to start my car. Wyoming wind chill was -20 and my little car said no thank you. Got it cranked up- shoveled while it warmed up, and went to get gas. + +Picked up my load... 13 whole pieces of mail and 4 OMG heavy boxes with bags of ice melt in them. Loaded the car and drove about 50 miles on really really icy roads, coded orange for no unneccesary travel to an even MORE rural post office and some ranches scattered around. + +Now, USPS has a new rule... you can't back up for more than two car lengths. And I carry a scanner with GPS, so they can TELL. So every stop I made was covered with heavy, fresh snow- and hard to tell where the road started and stopped. Not conducive to my teeny little car making an 87 point turn around on, since I couldnt back up. Or worse yet.. getting stuck in the middle of nowhere with no cell service. So I packed the mail in by foot. On every stop. In "feels like -20 degree" weather. + +You know.. Through rain and snow and dark of night... whatever that saying is- This junk mail had to get THROUGH! + +After three hours of white knuckle, heavy praying, almost dying, certainly freezing.. scraping the windows on the INSIDE of my car... + Yall. I made $30. Spent $15 of it on gas, 50 miles on my car... + +$30 damn dollars. + +It reminded me of the email I got the other day... about how being too frugal can cost you money. Case in Point! + +Suddenly it doesn't feel so respectable any more. It feels stupid. Stupid stupid stupid. "I'll take "Anything for Money", please, Mr. Trebek." Naw. No thanks. + +I'm gonna find a better way. +Thanks for listening to my Ted Talk. LOL [brrr](http://imgur.com/gallery/iNKrqLF) +I have a property I put earnest money on but the financing has taken longer than expected. The seller kept ask for me to sign an ammendment saying that if financing falls through they get to keep the earnest money. I would not sign it. After 30 days we could not come to an agreement. As a result they put put a contract on the property with another buyer. I contacted the escrow company about releasing the EM but they said the wouldnt without a signed release. The seller will not sign a release that doesn't include them keeping all the money. Do I have any recourse? The amount is $2100 and the state is Texas + +Edit: It has been resolved, I had the agent let the seller know that I will not be giving them the earnest money and will tie up this house by getting lawyers involved. I knew they already had a buyer lined up and couldn't afford to wait so they released the earnest money +We need to clarify some terminology. People get up in arms if someone (including ComputerShare) says this is a stock split and not a dividend. They are right. This IS a stock split first and foremost. It cannot be a dividend because a dividend would be a taxable event. That is why it needs to be processed as a stock split. So before you hit the downvote button, let me clarify a few things first. + +THIS IS A STOCK SPLIT VIA A DIVIDEND. NOT A DIVIDEND ITSELF. YOU ARE NOT GETTING EXTRA FREE DIVIDEND SHARES. YOUR GETTING 3 ADDITIONAL SHARES FOR EVERY SHARE OWNED AND SINCE THE UNDERLYING PRICE WAS DIVIDED, IT AMOUNTS TO A STOCK SPLIT. + +So, then why did GameStop include the word 'via dividend'? Because they wanted to make sure that the stock split happens for ONLY legitimate shares in the float. Unlike a regular stock split which would just multiply ALL shares including any phantom shares. This is a very important distinction!! + +&#x200B; + +**So what happened in ComputerShare?** + +\- ComputerShare has ONLY legitimate shares and they performed a stock split as per GameStops instructions. That's it! If asked they will say we did a stock split. Edit- to clarify they actually added three additional shares from GameStop directly for each share owned so it’s not like your original share owned was split. But, since the underlying price got divided, it amounts to a split. + +**So what happened in Brokerages?** + +\- They entered correctly in the system entry words like "Dividend" or "Distribution" or "stock split". All that is correct. However, they being part of the corrupt system have recorded it correctly but it's more than likely there weren't enough actual shares left so most likely, NO ACTUAL shares were delivered to them. DTCC gave them IOUs and they have given you the stock split VIA a dividend in your brokerage account but as always it's still an IOU. They multiplied it for any phantom shares as well. (Which I believe exist) + +&#x200B; + +**So what happened in Germany?** + +\- They did a regular stock split. Realized their mistake, Switched it to a Dividend (again wrong) because this would be a taxable event. They will now revert back to stock split...but noted that Shares need to be delivered (unlike the US system of IOUs) for this to be a stock split VIA a dividend (as per GameStop's instructions) + +&#x200B; + +**CONCLUSION** + +\-ComputerShare has done the correct thing. DON'T be outraged if you hear ComputerShare say "This is a Stock Split NOT a dividend". A dividend would be a taxable event. So, they are correct! It is a Stock Split but key word being, VIA a dividend. Which means only legitimate shares get the stock split. All shares in ComputerShare are legitimate so they don't have to say Dividend which is a taxable event. + +\-Brokerages as usual have given you IOUs but processed it correctly in the system. However, ALL shares owned by retail (including phantom shares have gotten multiplied). This is the part that is absolute wrong what the brokerages have done. They need to either recall shares back from the shorting hedge funds, get real shares from the DTCC or purchase shares from the market, so each Stock split (via) dividend is legitimate. Of course, they won't do that and just choose to give you an IOU instead. If you want to make the IOUs real...the ONLY solution for a retailer like myself is to DRS those shares to ComputerShare. They obviously don't want you to do that. Rather they would like you to get fed up and sell. But, that is NOT going to happen. + +So educate yourself on the terms and don't react unreasonably if someone (including ComputerShare) says this is a STOCK SPLIT. + +EDIT - since this is gaining a bit of traction. I just want to say that every share you own is real no matter where you bought it. it IS real. However, only way I personally can ensure it is real is by putting it in my name and DRS’ing. That is what I CHOOSE to do with my investment in this company that I love. I will continue buying, hodling, DRS’ing, supporting the stores and the marketplace, and I as a delighted customer and investor can’t wait for the immutable integration and to see the volume passing through the marketplace. + +As a side note - it will be interesting to see what the FTD data will be in the coming months. + +Edit 2 - I didn’t mean to imply ComputerShare cannot do dividends. They can do it as well. Not what my post was talking about. For those confused that why would dividends be taxable until you sell - You are correct it’s not taxable only in the sense that these dividend shares are coming as three additional shares for every share owned and because the underlying price is divided, it amounts to a stock split via dividend. So, not taxable until you sell. A traditional stock dividend share WOULD be taxable if these were BONUS shares AND the underlying price were not to be divided. So this doesn’t apply to us. That is why this is not a dividend in the traditional sense. It is a stock split VIA a dividend and the only reason to do this way is GameStop wanted to ensure that only shares in the legitimate float get the additional three shares. +Please Please Please + +Please stop posting SEC filings without a thorough read. It's not helpful to draw conclusions on something you don't understand. + +It is helpful to **ask thoughtful questions.** + +It is helpful to **DM experts in the area to bring their attention to it.** + +But please stop spamming the community with **"this is the one that will change everything"** type posts unless you're absolutely certain it's a ground shattering rule change. + +Right now, the community has a bad reputation for rushing to completely unfounded conclusions, and assuming GME is at the center of virtually everything. + +I will be reporting posts about new SEC filings that spread misinformation. Whether it's confirmation bias or not. + +EDIT: +This sub is full intelligent folks we have a lot of brain power here. When we're inundated with misinformation for the sake of the "race for karma" the poster is doing everyone of us a disservice. The more posts that are just posted to be the first to posts, especially those that make incorrect conclusions, the more difficult it becomes to discern what's good info and what's bad -- and that's exactly what the U in FUD stands for. + +A big 'ol capital U Uncertainty is what these posters are contributing to. +*I'm gonna need someone to help me out with sources because I'm on mobile* + +In one of GameStops 2021 quarterly filings, they said something along the lines of 'if we lose faith in the market we will take matters in our own hands to protect ourselves'. I'm hoping someone can get me that link and that exact quote. + +I think last week was a trap designed by RC. I think Cohen and crew have been pumping out these filings early every day to bring some added pressure which all started with RC increasing his share count by 101,000 early last week. I think that they have been waiting for wallstreet to get desperate and go with some crazy, blatant, manipulation. + +The NYSE cheated us today with a halt on a 7% decrease. + +Something happened that these way OTM calls were in the money for a few minutes at open. + +Another post showed that shorts took control over vwap and something else I'm too smoothe to understand.. driving the price straight down. + +I think that today, shorts were so desperate.. That today might have been the straw which breaks the camel's back. The blatant fuckery today should allow GameStop to take matters into their own hands with their stock. + +Idk if this means that they are taking to a new exchange or to loopring or if that are going to spin out this new company soon.. idk. But I bet GameStop has what they need to now to take these matters into their own hands and go into the final stage of this pirate attack. + +I would like to see RC buy 103,000 shares tomorrow, as a middle finger right to the face of the shorts.. kind of a 'You like apples? How do ya like them apples?' (or bananas lol). I know everyone on this sub would go fucking nuts and the concerns of yesterday would be quickly forgotten. + +*DRS your shares* should be the message today. Hold strong and thanks in advance for the source/quotes and edits. + +Edit: 7% decrease for the halt as reported but I guess the halt was really because the price rocketed up? +I've had the realization recently that a lot of what has motivated me in the past was based around survival and ego. Survival (FI) because I grew up in a family with an unstable financial situation so I've always worked to ensure I'm immune from layoffs/irrelevance. Ego because I want friends, family, enemies, etc to be impressed with my accomplishments and my earthly possessions. + +However as I've gotten into my 30s and added my first child I've easily met my "survival" goals (now on to fatFIRE) and find it hard to be motivated by my ego anymore... I see myself caring less and less about the opinions of others each year... I make tons of money, why do I need the next rung on the corporate/tech ladder? + +As a result I've lost the exciting feeling "urgency" that used to drive me. Now it's perfectly acceptable to do nothing or take it easier which on one hand is great - after all who wouldn't want to settle down and relax with their kids? + +Yet I've felt saddened. I had this great drive and urgency earlier in life that simply can't be filled by hobbies, side projects, or "career growth". + +I'm sure others on this sub feel similarly, so I'm curious what you use to either reinvigorate/motivate yourself or become comfortable with relaxing and puttering around throughout the second less urgent half of life. + +Curious all angles but would especially appreciate books or specific philosophies for this stage. +UPDATE: + +This issue has been resolved. My attorney was finally able to get in touch with the legal counsel for Coinbase and the matter was resolved in about 10 minutes. I received my wire a few hours after their conversation. It's unfortunate that customer support was so horrendous that it took my attorney constantly hounding them in order to get this issue resolved. Coinbase needs gets their act together if crypto is ever going to reach mass adoption. + +EDIT: + +Added a screenshot of email from Coinbase Support + +https://gifyu.com/image/xZJb + +Notice it took over 3 weeks after the case was escalated to the "priority' que and assigned to a specialist before I even received a response. They told me they did not block access to my funds but that is not true. + + +TLDR: + +- Coinbase closed my account for no reason and stole a seven figure sum from me. +- I contacted phone support several times and they told me to "just wait". +- I sent several emails to support which were totally ignored. +- My attorney sent a demand letter via FedEx to Coinbase Inc's official address at 548 Market St #23008, San Francisco, CA 94104 and the package was undeliverable because the address is FAKE! +- My attorney is now going to file complaints with all applicable government agencies, starting with the California and Delaware AG. I will also be suing them in civil court. + +Full Story + +This is a warning to GET YOUR FUNDS OFF OF COINBASE! + +I've been using Coinbase for about a year and a half to buy and sell BTC and ETH. I never had any issues depositing or withdrawing so I became complacent and left a significant(7 figure) sum of USD on the site. I hadn't made any trades since early this year and hadn't logged in for a while. To my surprise on April 24, 2018 I received an email from Coinbase saying my account was closed for violating the terms. I called in to support several times to find out why my account was closed and also to withdraw the balance on my account. I was told to "just wait" and it's now been over a month. They refused my requests to speak to a supervisor, or anyone else who could resolve this. I also sent several emails to support that were totally ignored. Given that I wasn't going to just sit idly by while they stole millions from me I asked for contact information for their legal department. They told me the ONLY way they could be reached was by sending a formal letter to 548 Market St #23008, San Francisco, CA 94104. They said the legal team was not reachable by email or phone. + +I had my attorney draft a demand letter and send it via FedEx. It turns out the address is FAKE! It is a papered up building with nobody in it. Here is the google maps street view of the building. + +https://www.google.com/maps/place/548+Market+St,+San+Francisco,+CA+94104/@37.7898734,-122.4007445,3a,75y,327.14h,90t/data=!3m6!1e1!3m4!1s3DgN8-j3-imrli45Qi2-rw!2e0!7i13312!8i6656!4m13!1m7!3m6!1s0x808580627b5ea1d1:0x60fd99496057cf74!2s548+Market+St,+San+Francisco,+CA+94104!3b1!8m2!3d37.7900465!4d-122.4008744!3m4!1s0x808580627b5ea1d1:0x60fd99496057cf74!8m2!3d37.7900465!4d-122.4008744 + +It is the one in between Portico and Wells Fargo. As you can see, it's a phony address. The representative at FedEx told us that address receives many packages, but they are unable to deliver. You can verify that this is the "official" address of Coinbase from their filings with the State of California below. + +https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=03548456-24110401 + +My attorney called their agent for service of process and they gave the 548 Market Street address and also a phone # of (415) 275-2890. Nobody answered the phone. + +Given that Coinbase is totally unreachable, my only recourse is to file with the relevant government agencies. starting with the Attorney General's of California and Delaware. I will also be suing them in civil court to reclaim my stolen funds. + +If Coinbase has also stolen from you please contact me and perhaps we can start a class action. From the looks of the complaints to the Better Business Bureau(1.1 rating), it appears they have done this to many people. + +https://www.bbb.org/greater-san-francisco/business-reviews/financial-services/coinbase-inc-in-san-francisco-ca-454104/reviews-and-complaints + +Thanks for reading, and please heed my warning and get your funds off of Coinbase ASAP! + + + +It's no secret that this sub would be obviously infiltrated by bots or people trying to spread certain FUD. Now I love GME more than my family, but I have to say I think dismissing the possibility of basket swaps and how this ties into GME especially with Ryan Cohen referencing it so goddamn much. Isn't it a little stupid to not at least dig a bit? I'm not saying lock the float or buy it, research first. I don't care what the SEC says, we research here apes. In the meantime DRS HODL (none of this is financial advice.) + + +Edit: see what I mean? Massive downvotes and negative sentiment. Most being that this is a GME sub. So let me spell it out for you guys. Ryan Cohen = GME chairman. Chairman tweets get posted here. Chairman tweets BBBY multiple times. Also bought loads of BBBY. But we're not supposed to look into it or talk about it? At least admit the huge pushback with BBBY is fucking sus. Reminds me back when DRS was downvoted and hated on for a while. Not saying anything is here, just let's look and be sure because Wrinkles are needed here. + + +Edit 2: I want to urge anyone reading this again to please look at this post and read the comments. Something is not right. I know it sounds crazy but this isn't normal and is inorganic. I don't ever remember a simple discussion being so "divisive" especially when RC is heavily involved with it. At least not in a long time or since DRS was backlashed. I've been commenting vigorously to show their arguments against a little more digging are shallow at best. Stay vigilant / stand your ground / think for yourself. DRS HODL. I'm with you. I just want to go to Uranus and our DD isn't done. Last I checked I'm not a millionaire and we haven't won yet. To think we have all the pieces to this puzzle is honestly asinine. +I won $250,000, and I estimate that after lawyer and medical costs I’ll have around $150,000. I have $15,000 in credit card debt (I was unemployed for a spell) that I want to immediately pay. So I’m guessing I’ll have $135,000 total. + +I’m currently in school, and will have $220,000 in debt when I graduate. The field that I’m entering will give me a starting salary of at least $95,000-$100,000. I’m hoping to move to NYC (despite high costs), but I’m single without kids and not planning on having any. Should I just throw all the money at my debt, or is it sizable enough that I should invest it? Should I consult with a financial advisor? I would love any advice or resources. +We (30M, 32F) just welcomed a kid, he is 3 months old. What do we need to know and do so that we can set them up for success. + +Any pointers and advices are appreciated and highly welcomed. + +Things I need to research about is 529 for education needs and Roth IRA. + +Are there anything else that I shall be accounting or budgeting for? +I've been lurking on this sub for close to a year. My goal is to reach some sort of financial independence to the point where I don't need to rely on a 9-5 job. I also live in a HCOL city where I would like to continue living it. This means my target net-worth would have to be at least $3m. What I notice on this sub is people attempting to be debt free and not be "slaves to a bank". This mindset goes against the way I grew up since my families success is owed to their continuous financing from banks and private lenders. + +As a person that comes from a wealthy family (parents and 2 uncles), It's hard to tell what information is correct on this sub. I was cut off from them a few years ago and have been going my own route since. But I still remember that the way they handle money is so much different than what the majority here is recommending. For example, the way people here view debt, if you saw my parent's or uncle's financials, you would shit your pants. Almost everything they do is through borrowing against assets and refinancing properties, using credit cards, LoC. My parents have 4 businesses and 12 residential and commercial properties. Every one of these assets in including their personal home has debt. + +When I worked with them, almost every other wealthy person I met operated like this. If they wanted to buy a new home, they would cashout-refinance their primary home or a rental property and buy the house with a large downpayment or outright. And taxes, I remember my parents paying very little in income taxes if any at all because of all the write offs and how the corporate structure was set up. My dad wouldn't even take a salary or dividends from the business, only my mom would. Granted, they were getting lots of guidance from private wealth managers and CPAs. But that's another story. + +So on one hand you have nearly everyone on this sub telling you to do it a certain way, on the other hand you witnessed the complete opposite happening but still ending up more financially successful. So what do you recommend I do, what my parents and their friends did or ditch that mindset and focus on a keeping debt at a very minimum? +My wife and I usually travel twice a year and would always splurge for the best food but only recently did we start to enjoy nice hotels. + +Right before the pandemic during peak 2019-2020 Christmas and New Years Season we stayed at the Carlton St. Moritz and for the first time were really really wowed by a hotel--it felt like going to EMP for the for time when I had previously been eating Top Ramen. + +To elaborate on personalized service, the entire staff was beyond friendly and attentive. They seemed to know us from the start and make sure we had meals and activities planned and even drove us to them and asked when to pick us up. They brought fresh flowers every afternoon. Housekeeping seemed to notice which little jar of snacks we liked and started to give us more of those. They never disturbed us when we slept in but still seemed to come clean the room several times a day as soon as we left and do pillow turn etc despite the fact we were so happy to started to spend a lot of time in the room! We didn't need to worry much about restaurant reservations because worst case they had an amazing 2\* restaurant where the chef got to know us and always seemed happy to have us. + +I really don't mean to praise one hotel in particular but want to give some context for why things didn't seem quite the same last summer for our next trip back to Europe: we again went to a popular destination (this time Côte d'Azur) again during peak season (this time the summer). Cap-Eden-Roc came highly recommended but was booked so we split our time between Hotel de Paris de Monaco, Martinez, and Villa Belrose. We thought this shouldn't matter too much because all the hotels are obviously nice and Badrutt's Palace seemed to top most lists in St. Moritz but was booked and we still had an amazing experience during our previous trip. But none of the 3 hotels in France/Monaco had nearly the same "wow" factor as the hotel in St. Moritz. + +At Hotel de Paris de Monaco the room smelled heavily of cigarettes from the previous guest. When I told the front desk that my wife was pregnant and we didn't feel comfortable breathing smoke the staff was invalidating. They sent someone who smelled the smoke but did nothing. We waited until the next day and still smelled smoke at which point I had to essentially plead with multiple staff members to change rooms. They initially insisted the hotel was full and there was nothing they could do. We really did want to be understanding that they had no control over a previous guest smoking heavily but were disappointed to look at the hotel website and find reservations available that night (although only for nicer rooms... I thought of booking one of several other rooms that were available but we still had a reservation for the rest of the week). + +Ultimately they agreed to change us to a room in a category less than the one for which we paid. Without any added perks or gratuities. The AC didn't work in the new room but I already felt too defeated to say anything and basically sweated it out for the week. The 3\* restaurant at the hotel was full and couldn't accommodate us the entire week. To get around to other restaurants and the beach concierge told us to take a hotel shuttle that ran every 30 mins and on one occasion the driver saw us and kept driving! + +I also don't mean to complain about any particular hotel: we spent two additional weeks at Martinez and Villa Belrose without incident but both were lacking the wow factor of St. Moritz: There was little of the same personalized attention from staff and we had to figure things out for ourselves, call for housekeeping after no one noticed we left or the room needed cleaning, remind them to bring toiletries etc. + +This summer we were hoping to travel again with our first baby and was curious if anyone had any insight into what I did wrong last summer. I met up with a college friend who spent every summer growing up the South of France and he emphasized that his family would make an effort to tip the staff upon arrival and he claimed they would always get the best rooms etc but this seemed sort of like a bribe? I asked him who exactly to tip and at first he seemed to think the GM but it seemed over the top the make an effort to identify the GM upon arrival and immediately race to him with cash. I think the (questionable?) advice was to then instead to tip whoever assists with the check-in and basically express I appreciate anything they could do to make the stay memorable and let them know at the time of any requests that were particularly important. In St. Moritz we of course tipped generously but it was when we left and we intended to genuinely express our gratitude for working so hard through the holidays to make us so happy. + +Questions (and sorry I have so many): + +1. Broadly should we think of St. Moritz as an outlier and not come to expect hotel staff to be as personally attentive and accommodating? St. Moritz was the first time we spent thousand of dollars a night for a hotel but we had stayed at many hotels previously which also lacked the same "wow" and obviously survived. But we flew to Moscow (not an option at present for obvious reasons) immediately after St. Moritz and were also impressed. I think if we hadn't spent as much during our Cote D'Aure trip we wouldn't have expected very much and wouldn't have felt disappointed. But becoming fatalistic about luxury travel and letting go of all earthly desires also seems a bit at odds? +2. I imagine if the same really amazing "wow" factor does exist at other hotels it wouldn't be found by going off season when the hotel is not as well staffed but then how to find it? Do we always have to go back to the same hotel (we like going new places)? How to choose a hotel anyway since the hotel in St. Moritz wasn't even our first choice initially but we simply went with what was available? +3. We didn't reserve the nicest room at St. Moritz--maybe something like a junior suite. If such service exists elsewhere it would seem more important to choose the right hotel then pay five times more for an unusually large room in the hotel? +4. Broadly how can I find out beforehand which hotel offers the best service in a given location? I find most online reviews to be very unhelpful. Is there some authoritative list somewhere that says "stay at Grand Hotel Tremezzo or one very good alternative if it's booked is... if at Lake Como?" What are a few top hotels anywhere in the World with absolutely amazing service? +5. We were thinking of flying not too far for the first trip overseas with our baby who will be around 6 months this summer. We we looking at Scandinavia, Croatia, Bodrum, and maybe summer destinations in Switzerland. **Could you please share one or two specific recommendations for truly extraordinary hotels that are less than a \~12 hour flight from the East Coast?** +6. I'm wondering how much of it is cultural? Is better service more common in Northern Europe? Or do we have to look outside Europe entirely? +7. My Centurion "relationship team" has changed three times in about a year. Cent's idea of personal concierge seems to be to force me into a gym membership when I live in Puerto Rico and there isn't even a Equinox on the island. All this is to ask what to do when a highly recommended hotel is booked if these experiences can be so few and far between? +8. Any thoughts on tipping on arrival as it was suggested to me? Does this actually work and if recommended who exactly should I tip, how much, and how to be tactful about it? +Someone asked in r/personalfinance what they should do with a spare 25k they didn't need till 2020. I suggested ether and possibly bitcoin, as I see a large possibility in better returns than institutional investments. I was banned for "pumping" +Looking to purchase land in Iceland to develop a tiny home, for personal usage and rental income. Looks like it’s possible for Americans to own property in Iceland, after going through the proper steps. + +Has anyone gone through this process? Any tips? + +I visited Iceland 3 years ago and it’s been on my list. Truly a magical place. +Hi all. So for some background on myself and whats triggered this financial advice search: + +Im from a pretty poor working class family in the UK. I got myself an education and now I live in Germany working in the tech industry. Although my earnings are pretty modest compared to my co-workers, I quite likely earn at least as much as my parents do now. Im 31 and only just managed to get myself financially comfortable (ie. have disposable income and not just trying to make ends meet, although I did only just start paying back my student loan). I didnt know anyone growing up who had properties (outside those paying off mortgages), or who invested in anything or even ran their own businesses, so I have pretty much no idea about the financial world and not really anyone to ask. + +I had an eye opening conversation with one of my supervisors today, who recently bought a plot of land and has just finished building a house for his family. Before that, he had managed to save a heck of a lot of money over the years. Apparently another coworker of mine has two apartments in two different countries she bought and is paying the mortgages now for both. Im currently looking for a new apartment to rent - Ive been living in shared apartments for 13 years since my student days, and now Im finally earning enough to have my own small place and finally get that pet I always wanted. The apartments the size and in locations that I want is slightly out of my price range if I want to make decent savings every month (im aiming for around 1000EUR saved per month), but my supervisor seemed to think it was a very decent and reasonable price, and when i told him it was going to be a bit of a struggle for me he seemed surprised (and so I may have laid the seeds of me requiring a substantial raise in the near future lol). Im just turning 31, and I have 3000EUR to my name - no assets, no investments, no clue, but also no credit card debt, at least. Ive spent so much money on rent over the years, im starting to feel like its such a waste. But I dont have the security of knowing I will be able to find work in my very specific professional sector in the future in this city, which is why until now I havent even thought about getting a house (but the info about my coworker with 2 houses changed my perception a bit). My supervisor recommended I get some advice from a financial advisor, but I feel like paying to go see one when I dont even know where to begin is not the wisest of ideas. + +Frankly I dont know what to do with any of this information. I feel like perhaps im not achieving the full potential I could be with my wages at this point, and I have no idea where to go with it and what I should look into. This post is tagged as Property but im looking for info or advice on anything that I maybe should be doing to maximise my earnings and/or assets for the future. If anyone has any advice for me, or any information resources I can start educating myself with, id very much appreciate it. +Like, people wish they had bought things like aapl and goog back in 09-12 after the recession, but now are afraid to put money into the market. If it blows up…that’s a good thing. In five years you’re gunna be rich when all this stabilizes +source: [https://twitter.com/BaFin\_Bund/status/1556561133514985473?t=4y\_fonxP6e8zgCX2aOT0AA&s=19](https://twitter.com/BaFin_Bund/status/1556561133514985473?t=4y_fonxP6e8zgCX2aOT0AA&s=19) + +&#x200B; + +Für die Belieferung der jungen Aktien ist – ob Aktiensplit oder Stockdividende – die tatsächliche Einbuchung bei der jeweiligen Lagerstelle erforderlich. Ausländische Lagerstellen haben deutschen depotführenden Banken bestätigt, dass die Aktien aus der Kapitalmaßnahme eingeliefert wurden. Auch bei einem Aktiensplit kann die depotführende Bank nicht künstlich den Bestand vermehren. Die depotführende Bank in Deutschland wartet die Einbuchungsanzeige ihrer Lagerstelle ab und bucht die Aktien dann in die Kundendepots. Die BaFin kann nur den deutschen Markt und die Dienstleister in Deutschland beaufsichtigen. Auf ausschließlich in den USA stattfindende Geschäftsvorfälle kann die BaFin keinen Einfluss nehmen. Wie in unserer Meldung erwähnt, kann b. einigen depotführenden Banken eine rein technische Aus- und Wiedereinbuchung der jungen Aktien erforderlich sein, weil ein Datenprovider die Kapitalmaßnahme kurzfristig als Stockdividende und dann wieder als Aktiensplit behandelt hat. Die dafür erforderliche Neuabrechnung dürfte in wenigen Tagen umgesetzt sein, kann aber auch in mehrtägigeren Schritten erfolgen. Für konkrete Fragen ist Ihre Bank der direkte Ansprechpartner. + +&#x200B; + +[DeepL.com](https://DeepL.com) translation: + +For the delivery of the new shares - whether stock split or stock dividend - the actual posting at the respective depository is required. Foreign depositories have confirmed to German custodian banks that the shares from the corporate action have been deposited. Even in the event of a stock split, the depositary bank cannot artificially increase the stock. The custodian bank in Germany waits for the posting notification from its depository bank and then posts the shares to the customer securities accounts. BaFin can only supervise the German market and service providers in Germany. BaFin cannot influence business transactions that take place exclusively in the United States. As mentioned in our announcement, b. some custodian banks may require a purely technical derecognition and rebooking of the new shares because a data provider treated the corporate action as a stock dividend for a short period of time and then again as a stock split. The rebooking required for this should be implemented in a few days, but may also take place in steps lasting several days. For specific questions, your bank is the direct contact. + +&#x200B; + +Translated with [www.DeepL.com/Translator](https://www.DeepL.com/Translator) (free version) +I am not new to the risk of penny stocks, been playing with pennies for about 8 years now. Luckily, I have had a lot more success than fails but do not take this as "financial advice" and more something to think about. + +Lets talk $HCMC.. the most hyped stock in my opinion over this past weekend and is being pushed for it to still have momentum. If you truly believe this stock will hit a $1 you need to take a step back and learn how much is needed to move a stock with 105.1B Outstanding shares... to put it in perspective, Apple for example has 16.8B.. Apple the Trillion dollar company. I am not saying you can't take a quick gain but read on what share dilution is and how it effects the stock price. When the court decision does occur with HCMC, expect some movement but to move toward $1 the company needs to do a reverse split. I am sure there is a lot more into how a company can reduce its outstanding shares but that is a common one I have seen in pennies. I won't go in-depth in what a reverse split is but look up on that. This stock will move if truly everyone actually throws some cash in it but don't expect a full dollar with 105 B Outstanding shares. + +I understand it can be challenging to filter on what will be the next 30% plus gain in one day. Maybe you have seen 100% - 1000% gains on stock websites. Some of you I see asking for recommendations on a $100 to play with on your first investment. You got to know what would be considered a "pump and dump" and a legitimate company. Let's take $INKW for example, this stock had increased close to 80% today. A good amount of people have posted about this stock the past few weeks, and today it moved roughly 80%,. Deals with Walmart, selling out on Amazon, and moving toward Hemp water. There is actual PR (Press Release) with recent information on the stock. It takes 10 mins to learn all this about the company, or what you will see people call DD (Due Diligence). 10 mins of my day before thinking hmm should I jump in? Am I missing the ride? or is this a long term play for me? + +The market for me is just a bunch of hype and speculation. ESPECIALLY PENNIES. I personally don't see pennies as long-term investments. I get in and get out like my wife's boyfriend when I go to work. but you got to know what works best for you and if you truly believe in the company. Lets take some other popular stocks I have seen posted here: $OZSC, $ILUS, $HITIF (admitting I own this one for my weed play), $TSNP. I have seen these stocks have solid PR but would not jump in unless DD was made. + +As you grow to be an experience trader, learn how to read candlestick graphs. It can be a snoozer learning but if you understand it, it will help a good amount if you want to buy in dips or see when you want to sell. ITS OKAY IF YOUR STOCK GOES RED. Yes, pennies are more risk. I had days losing everything when I first was trying to invest in them but I also had days with huge gains. Its okay to hold but hold knowing your risk tolerance. Remember, you thought long-term because you believed in this company and it has solid potential. Long-term is long-term so don't let a bad week make you take a big lost only to see it rise again the following. + +I am in no way an expert in investing nor trying to give you investing advice. This is more for people who really want to understand how to invest, but the high from one of your stocks performing at a 100% and letting your emotions get to you can be a rough lesson to learn when you expect it every time. I didn't understand how to play pennies at all firs starting and for me losing even $100 was a big deal at the time. + +There is a lot of pump/dump post on here I been seeing from day old accounts. I even look at the companies they are trying to pump. If there is no website, social media is terrible, or real product ... it is a P/D. + +I ask all experience traders to share their advice on this post so we can combat the bots we have been seeing for the crowd. + +Good Luck to all the new investors. I consider pennies as a daily gamble more than a long-term. I am sure others view it different. + +EDIT: + +Just scrolling through frequent questions - + +I use TD Ameritrade as my broker. Look into how to use their thinkorswim platform. + +I recently opened a Fidelity account to avoid OTC Market trading fee’s though. + +Found an article that gives a good summary of some major brokers for pennies: + +https://www.google.com/amp/s/www.timothysykes.com/blog/best-broker-for-penny-stocks/amp/ + +I never been a fan of Robinhood. I opened an account when it was up and coming but didn’t like the layout and lack of stocks that were available to invest in. So not sure how it is today but I do know you can’t invest in the OTC Market through this broker. + +Asking for my thoughts on a specific stock - + +I really don’t know about some of the stocks that were posted on the comments so I have no thoughts. +I see some popular come up, like $OGCN. But I don’t know anything about that company besides it being popular on this subreddit. + +Messaging me to ask on what company you should +Invest in - + +Sorry, I don’t want to answer that. Awesome how you took this post but again I am not an expert. Just sharing my years of experience. I invest with confidence but the risk will always be there. I don’t want you to jump in a boat I wasn’t aware had a hole in it. + +What I do when I find interest in a stock but unsure on it is put it on my watchlist. With Ameritrade I am able to keep tabs on its performance, press release, and most of all the dip! But my watchlist consistently change. + +Advice on learning to read candle sticks - + +Man, this for sure was challenging for me. Probably because it is boring to learn lol. YouTube taught me. I don’t have any sound advice besides looking there. I can’t find the video that I saw repetitively anymore but just searching for it, I see a good amount of people teaching. + +When I got comfortable, I experimented with $20 often to see if I had it down. I am sure some people just catch on to it, I wasn’t one of them. But now it is crazy easy to read. +“Boris Johnson has promised to create "Generation Buy" with low-deposit mortgages to help get young people onto the housing ladder. + +The Prime Minister said he would "fix" the problem of unaffordable deposits that has caused millions of people to put their dreams of home ownership on hold. + +Speaking in his Downing Street office, the Prime Minister outlined his plans for a successor to Margaret Thatcher's Right to Buy policy as he explained how he would solve the problem of "Generation Rent". + +He said: "I think a huge, huge number of people feel totally excluded from capitalism, from the idea of home ownership, which is so vital for our society. And we're going to fix that – 'Generation Buy' is what we're going for." + +More than two million people who are comfortably able to afford mortgage repayments are locked out of the housing market because they cannot save up for deposits, which typically run to 15 or 20 per cent of a property's value. + +Mr Johnson has asked ministers to work up plans for encouraging long-term fixed-rate mortgages with five per cent deposits. They are likely to involve reversing regulatory changes made in the wake of the financial crash that have required banks to stress-test applicants. By removing stress tests, banks would be able to offer 95 per cent loans, as was the norm 15 years ago. + +It is understood that the Government could also accept some of the risk through a form of state guarantee to give lenders additional confidence. + +Mr Johnson said: "We need mortgages that will help people really get on the housing ladder even if they have only a very small amount to pay by way of deposit, the 95 per cent mortgages. I think it could be absolutely revolutionary, particularly for young people."” + +https://www.telegraph.co.uk/politics/2020/10/02/exclusive-boris-johnson-vows-put-generation-buy-housing-ladder/?utm_content=politics&utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter#Echobox=1601671182 +Collectively institutions around the world spend billions (maybe trillions?) on research to price the market. Why would you think you now have a better understanding of the price of the market than these institutions? This sub has completely thrown away the logic of not being able to beat the market. Think about it, if the markets were guaranteed to tank, wouldn’t you just buy puts and print money? FYI there are lots of technicals, and other market theories, that justify this requisite correction to the upside before another downturn....I just think it’s funny how this sub has always preached not being able to time the market but yet are now upset when they cannot. +The Age of the Retail is upon us. + +The brokers have given us commission-free trading. Reddit, twitter, etc. have given us a collective hive mind where ideas can be nurtured, critiqued, developed, distributed, and acted upon in concert. + +However, the government, hedge funds, brokers, et. al. still practice their dirty tricks to protect their own. We should fear the systematic risk of cronyism within the halls of government and Wall Street to put the brakes on our profit making, which is our lawful American right. + +Should the SEC illegally or unjustly intervene on behalf of their friends (who so often reward government poodle regulators with lucrative jobs after leaving civil service), we will need to find a large law firm that specializes in securities and class actions and is willing to setup a trust account where you give your name, nominal retainer fee, and proof that you owned $GME to establish standing in a suit. + +edit: Align incentives. + +edit2: To those who misunderstand, this isn't about hiring a defense attorney, this is about holding government regulators accountable in federal court if they chose to illegally or unjustly injure GME holders. That can only be done if GME holders have representation. + +Edit3: FUCK ROBINHOOD + +Disclosure: We are individual investors that like the stock. Each WSB user acts of his own accord with regards to his market activity. Fearing illegal or unjust SEC action and hiring counsel is our American right, as is our Freedom of Association. +Hey friends, this is a noob question and I apologize for that. I don't want to be a forex trader, I just want to know how to transfer a six-figure sum from USD to CAD most efficiently, with the least amount of money lost to forex fees. + +I've never done this before. Your expert help in this would be truly appreciated! +I'm curious for those here who were about to pull the trigger and got caught up in the bear market. Or even after the downturn you feel even more confident that you can weather the storm? + +Like many, my large long positions in my buy-and-hold portfolio are not looking too happy. The unrealized losses are crazy. Saving grace is I went more conservative back in December with getting out of margin, exiting most calls, and just have stock/index positions in quality picks (I hope) that I can ride till recover. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Follow the golden rule. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + + Celsius is halting all withdrawals, swaps, and account transfers due to volatile market conditions. There are a lot of rumors floating around about Celsius being in danger and having to unwind its stETH positions off peg to meet ETH withdrawals, which could cause some of their loans to default. + +Although stETH is not ETH, you will be able to convert it to ETH once ETH2 staking is enabled. So far, 1 ETH is equal to 1 stETH. However, many started withdrawing their funds from Celsius. According to the latest estimate, about 50K ETH left Celsius per week. If this continues, they will have to make some difficult decisions. + +As a side note, AlamedaResearch also abandoned its holding and sold roughly 50K ETH a few days ago and Celsius is likewise running out of money to repay their investors, with a whopping $1.5 billion in outstanding requests. + +Celsius borrowed $1 billion from clients and used their ETH/stETH as collateral. That means Celsius has control over the ETH that users are handing them, so I'm guessing the staking isn't done through a decentralized on-chain manner. If they sell enough stETH, the price of stETH could fall. + +As an investor in Celsius and someone who has been involved in crypto since 2013, when I bought my first coins on Mt.Gox via BitInstant and sold some of my BTC and was involved in the bankruptcy proceedings, it has all the hallmarks of an insolvent operation similar to Mt.Gox and QuadrigaCX, and I believe they will be unable to continue operating and servicing withdrawals until some further notice… this all just has all the red flags and because of that, I am out. + +On the plus side though, there are other much better alternatives out there like Haru Invest which differs from Celsius in that their assets are neither staked or collateralized on other platforms and that they are the only ones who trade and manage their assets. + +I also believe Nexo has offered to buy out Celsius and all of its loans. And Nexo will probably be one of my alternatives too. I’m hoping Celsius does the right thing soon so that hopefully people will get their money back. +If you are journalist - speak loud. +If you know journalist - make him/her hear out. +Use all social networks, groups, economic forums. +FLOOD the net with this. +Make even the most simple, ordinary person understand he is being robbed and this can end. +Because we know. +This. +I need advice on what to do with a $60,000 home down payment laying an egg in my savings account that won’t be needed for 3-4 years because of lifestyle requirements. + +I am already maxing 401K, Roth IRA, Employee stock purchase program, HSA as well as contributing all new excess income into index funds. Additionally I have already purchased my max $10,000 in I-bonds this year. I also have no debt. + +I’m not sure what to do with this lump sum I will be guaranteed to need, as I don’t necessarily trust the stock market over this short term time period. Alternatives? +I recently started a new role around 3 months ago in Sydney and whilst it’s challenging, I have been learning a lot. I have recently got an offer to jump ship for a similar role with around 40-50% more money at a bigger company. The industry I work in is also quite small so I think I might burn a lot of bridges by going so soon. What should I do? + +Any comments or recommendations are appreciated. +'Franklin Templeton MF deviated from rules, grey areas in e-voting process' + +https://economictimes.indiatimes.com/mf/mf-news/franklin-templeton-mf-deviated-from-rules-grey-areas-in-e-voting-process-says-sebi-observer/articleshow/80400980.cms +In China there is a new movement that has formed called the ["lying flat" movement](https://www.washingtonpost.com/world/asia_pacific/china-lying-flat-stress/2021/06/04/cef36902-c42f-11eb-89a4-b7ae22aa193e_story.html), which is a response to consumerism in China. + +The movement encourages doing the minimal to get by, living simply rather than focus on competition. When I read about this, I wondered if there is something similar in the West, and it seems like the minimalist movement in the West is similar. + +However, when I went to the minimalism subreddit and discussed the topic, they mostly claimed that minimalism wasn't really about minimal consumption or spending but more about minimal aesthetics. + +However, the FIRE movement in the West seems somewhat similar to the "lying flat" movement in China. + +Do you think the "lying down" movement is similar to FIRE or are there differences? +From the 2022 proxy statement filed 4/21/22: +https://gamestop.gcs-web.com/node/19701/html + +Page 48: +> If our stockholders approve this proposal at the annual meeting, we intend to file a corresponding Certificate of Amendment to our Existing Charter reflecting the approved amendment with the Delaware Secretary of State as soon as practicable following the annual meeting, at which time the increase in the number of authorized shares of common stock would become effective. + +They need to file with the SOS of Delaware to finalize the 1 billion shares authorized by today's vote + +>The primary purpose of increasing the number of authorized shares of our common stock is to facilitate the potential Stock Split. Our Board intends to approve the Stock Split, subject to and contingent upon stockholder approval and the effectiveness of the Authorized Shares Amendment. + +They are planning on doing the split dividend because it is the "primary purpose". This makes me feel it will happen sooner than later. But they have to wait for the Delaware SOS amendment "effectiveness". + +**Things are going as planned.** + +. + + +. + +Additional commentary: During the call earlier, the speaker may have just read the legal answer he was directed to say because the votes had not been tabulated yet. It is possible that they file for split dividend tomorrow because they knew the proposal was going to pass so they had all the paperwork ready and they just submitted to Delaware SOS about 30 min ago. + +A split dividend in the near term is a FOR SURE thing unless we want to think that Gamestop lied to us. I certainly do not believe that. +Hello all, + +In the wake of today's post by Pink, I've been tasked with offering what transparency we can about what is happening within the mod group and outlining our plan moving forward. + +The mod team as a whole was made aware of the situation involving Pink last week. As emotions were running high coming into the weekend, we asked all parties involved to take the weekend off and planned to reassess everything on Monday. During the weekend several members of the mod team (including me) not directly involved planned a voice chat session for conflict resolution to try and allow the involved parties to work through what had happened and find a plan to move forward. That call was scheduled for this evening (7/13) at 8:30 Eastern. The delay was intended to give parties a chance to gather thoughts, as well as to be able to accommodate the schedules of those who would be meditating. All parties agreed to this delay and schedule, and seemed to be at least agreeable in the approach. + +As we were preparing to have this call, Pink decided to make her post to the sub, outlining her reasons for stepping away from the Jungle Beat. In this post she made many references to the events over the weekend as well as many comments referring to what had happened. + +As you can imagine, that post threw a pretty significant wrench in the established plan of a mediation between involved parties. The call has now been cancelled, and we're trying to figure out what our next would be. + +I want to be very clear. The admin and moderator teams were all fully aware of the instances that lead to this. There had been multiple attempts at reconciliation and apology that weren't successful. We had a further plan in place to try and work through these issues, with a conflict mediation plan, to which all parties had agreed. + +Pink has now become completely unresponsive to any messages we've extended to try and find out what is happening. She has continued to comment on her post as well as on Twitter with her feelings about the situation, but as of the writing of this post has not responded to any of our attempts to contact her. + +To say this is a shitty situation is an understatement. The mod team recognizes that Pink absolutely had right to feel wronged and threatened by what happened. Apologies and explainations were made, but did not affect the overall feelings and situation. We scheduled specific time and effort to try and offer assistance and help find a resolution, and that has now been postponed indefinitely. Any and all attempts to deal with it have been met with resistance, and now pointed silence. + +To be very honest, we're at a bit of a loss as of what to do. Due to her lack of response to any of us, her seeming unwillingness to accept apology or explaination, and the disregard for the processes that she had agreed upon for resolution, Pink has been given hiatus status until further notice. Any official action regarding her future on the moderation team will be decided and explained to the sub. We'll offer more as we can moving forward. + +As is normally the case in times like these, this changes nothing of the big picture issue for GME as a whole. People disagreeing, feeling hurt, scared, or threatened doesn't change the game plan. Buy and hold, and Power to the Players. + +Edit: added "aware" in paragraph 1 + +Edit: enough questions about this that I wanted to make a clarification. + +The moderation team as a whole was made aware of the issue on Friday the 9. The information was presented in a way that made all involved feel like resolution was not only possible but the preferred solution. Parties were asked if a delay in official action so we could weigh the options was agreeable. All parties, including Pink, consented. When the mediation session was suggested and implemented, once again, all parties consented. I was fully ready to enter into a mediation session tonight with all parties eager to address this to the satisfaction of all parties, because Pink had behaved in a way that lead us to believe that's where she was at in the process. + +Evidently Pink didn't feel like this was enough, that she wasn't being heard, or that we weren't talking things seriously enough despite agreeing to every one of our offered plans. + +At no point did Pink ever raise a demand or plan of action that was ignored or neglected, at least to my knowledge. Her posts were always centered upon bringing awareness to the situation to the mod group. The awareness was raised, and the mod team immediately went to work to figure out our preferred strategy. Part of our planned call today was going to be asking exactly what actions she's desired us to take because of this. She never asked us to remove any one, or gave us any actionable demands on her end. Perhaps this was because she assumed we would come up with her preferred solutions without her outlining them herself? But if there were specific demands on how she would have liked the mods to respond, she did not voice them. + +When her post today was made, we were 3 hours away from our planned meeting, and everyone who has known and approved that course of action was incredibly surprised and confused as to why the post was being made. As I said before, we were aware that Pink was upset, but she gave every indication that she supported our plan for response and willing to participate in it. + +That's why no actions have yet been taken, and any and all possibilities were on the table heading into tonight's call. But we never got to that point. + +Hopefully this clarifies out decision making process. +&#x200B; + +[Banner submission by u\/Yooooooo0o0o ](https://preview.redd.it/usmd0l5lurz61.png?width=2100&format=png&auto=webp&s=d1a9b99d7fe20c6fe8f07727d4be772441dd2841) + +# Good Morning Superstonk!! + +This is your Daily news, Live from San Diago! + +**Today is another AMA day! 🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +\*insert flashy intro screen\* + +https://preview.redd.it/wk5junuf1tz61.png?width=680&format=png&auto=webp&s=9fcb56cf81b6b4754526a0011d418c0bb9cb17d6 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀��🚀🚀 + +# Y'all ready for another AMA?! + +*Written by* u/pinkcatsonacid 🦄 + +# [Today at 4:30 pm eastern we have Attorney Wes Christian](http://www.csj-law.com/attorneys/jchristian.html)!! + +# His primary focus in the last 11 years has been suing Wall Street for fraud. + +Wes Christian is a Texas attorney with [an accent as big as his list of accomplishments](http://www.csj-law.com/attorneys/jchristian.html)! + +&#x200B; + +[Wes Christian](https://preview.redd.it/l8sw44levsz61.png?width=170&format=png&auto=webp&s=30566ca147a7bf7d97992cfadde50a766f0526ac) + + Once again I'm going to [shamelessly plug the old documentary Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU), where I first learned of Wes Christian along with all of the other OGs we've been talking to. And a fun fact... our former AMA guest and very favorite resident wrinkly brain, [u/dlauer](https://www.reddit.com/u/dlauer/) has served as an expert witness for Wes multiple times in the fight against naked short selling. They go way back... + +# Which is why we're having [u/Dlauer](https://www.reddit.com/u/Dlauer/) cohost* this AMA with his old pal Wes!! We are literally assembling the dream team here!! 🚀🚀🚀🚀🚀🚀 + +**\*the AMA will be curated and hosted by** [u/Jsmar18](https://www.reddit.com/u/Jsmar18/) + +**Here's what Dr. T has to say about how she first met Wes in her book, Naked Short and Greedy:** + +&#x200B; + +Chapter 3: A Sidewalk Café in New York. At the request of a business colleague, I have coffee with a lawyer from Texas who tells me that a problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. I feel a pang of guilt for not sticking it out to fix this before I left DTC in 1993. By 2003, it was a full-blown regulatory crisis! + +&#x200B; + +# The Napkin Story + +&#x200B; + +"One afternoon \[in late 2003\], my boss tells me he has just come from lunch with an old friend, Gary Jewell, a Houston-based lawyer. Gary said that he was in New York looking for someone who understands post-trade clearing and settlement, possibly someone who may have worked at the DTC. My boss recognizes the company name as part of my past work experience. He asks me to meet Gary over coffee. The two of them had run marathons in their younger days and my boss presents it to me as doing him a favor. Gary brought Wes Christian to that casual meeting. + +&#x200B; + +James "Wes" Christian, is a Senior Partner at Christian, Smith, & Jewell in Houston. If not for Wes, I may not ever have become aware that the crack in the system Ray Riley brought to me in 1993 was becoming a gaping chasm in 2003. Wes was born, raised, and educated in Texas. He comes complete with a pleasant drawl that belies his non-nonsense approach to the matter. Wes would lead a team of 65 lawyers as he eventually uncovered more than 1,200 hedge fund and offshore accounts working through more than 150 broker-dealers to strip mall and medium size public companies of their value."- Dr. Susanne Trimbath, Naked Short and Greedy. + +&#x200B; + +We are so honored, humbled, and thrilled to bring you these top-tier AMA guests! If only we could go back and tell our February selves how far we've come 💖 + +&#x200B; + +**Tune in today at 4:30 pm Eastern for the Wes Christian/Dave Lauer/Jsmar AMA mashup panel that is sure to wrinkle some brains and blow some minds!** + +# [Link to Superstonk Live YouTube](https://www.youtube.com/watch?v=2rJujnpKiqM)! + +[**Here's a countdown timer!**](https://www.timeanddate.com/countdown/generic?p0=179&iso=20210518T1630&year=2021&month=5&day=18&hour=16&min=30&sec=0&msg=Countdown%20Timer) + +# Past AMA Transcripts + +**Huge shoutout to** u/Bye_Triangle**,** u/Leaglese**,** u/Cuttingwater_**, and** u/Luridess **for their work on these bad boys! It's no easy task and they are committed to making this information accessible to EVERY APE! 🦍🤝💪** + +&#x200B; + +[Carl Hagberg AMA Transcript](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/?utm_source=share&utm_medium=web2x&context=3) + +[Dave Lauer AMA Transcript](https://www.reddit.com/r/Superstonk/comments/n7234n/david_lauer_ama_transcriptsummary/) + +[Dr. Susanne Trimbath AMA transcript](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/) + +Lucy Komisar Transcript Coming Soon!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# + +[\(x\) Doubt](https://preview.redd.it/5g0kk26vguz61.png?width=960&format=png&auto=webp&s=a095148e4801ec30845bdb183fb83245ea6e2d55) + +# Glacier Capital + +Written by u/Rensole + +Glacier capital does not exist, or at least that was the [post](https://www.reddit.com/r/Superstonk/comments/nezcn1/glacier_capital_does_not_exist/) made yesterday written by u/timmmmmmmyy + +One of the main points was that on their adres ( 44 Boulevard de Verdun, L-2670 Luxembourg ) there was no legal entity but after a quick search with google I found them registered at the adres + +[https://opendatalei.com/lei/984500BB91F55397AC42](https://opendatalei.com/lei/984500BB91F55397AC42) + +Now this may look weird as hell to be using as a hedgefund right? well no not really. + +Something a lot of people may not know is that in Europe "mailbox businesses" are fairly commonplace, this means that they have an address anywhere within europe for tax reasons (this is mostly seen in Curacao, Luxembourg and other tax haven countries). + + u/Bud_Friendguy even did a great response (which unfortunately got caught by automod and should be back up in that thread), he reverse image searched and found out that the images don't match up with the names, so all in all the company may be a real company, or a subsidiary of a bigger company located in Luxembourg. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# SEC is Slinging Dough (if you make that whistle blow) + +*Written by* u/pinkcatsonacid 🦄 + +&#x200B; + +[2 different whistle blowers got PAID](https://preview.redd.it/6sfeqxvmksz61.png?width=570&format=png&auto=webp&s=4948233659d352fa2a50005d8287d1f14f3ebe23) + + + + *"In the first order, the SEC awarded almost $27 million to two claimants who provided SEC staff with new information and assistance during an existing investigation, including meeting with the staff in person on multiple days.  Their information and cooperation helped the Commission bring the enforcement action, which resulted in the return of millions of dollars to harmed investors.* + + *In the second order, the SEC awarded one whistleblower an award of approximately $3.75 million and the other whistleblower an award of approximately $750,000.  While both whistleblowers independently provided information that assisted SEC staff in an ongoing investigation, the whistleblower who received the larger award provided information and assistance that was more important to the resolution of the overall case.*"- [source](https://www.sec.gov/news/press-release/2021-85)  + +&#x200B; + +So it looks like the SEC has yet again awarded several lifetime supplies of cash to a few whistle blowers. This time it looks like it's been split up between 3 different people, 1 getting a HUGE FREAKING PAYOUT OF $27,000,000! How tf can there be this much corruption going on right now, that it's worth THAT much money, yet we know nothing about it, and probably never will? I'm starting to think the whistle blower program is probably a money laundering scheme too, at this point... + +https://preview.redd.it/nlksgbvt5tz61.jpg?width=840&format=pjpg&auto=webp&s=18bf115b8e10e0ca0960d15c877f93201e373480 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# GME Back to Largest short value and hardest to borrow + +Written By u/rensole + +The thread is fairly self explanatory so give it a quick read + +[https://www.reddit.com/r/Superstonk/comments/nel0dg/gamestop\_ibkr\_slb\_report\_update\_asof\_514\_gme/](https://www.reddit.com/r/Superstonk/comments/nel0dg/gamestop_ibkr_slb_report_update_asof_514_gme/) + +&#x200B; + +https://preview.redd.it/cx6lufabiuz61.png?width=640&format=png&auto=webp&s=1be946b2e86ab61400988077d8894e07fdad96fa + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# FINTEL 13-F FILING/SHORT UPDATE + + written by u/rensole + +A thread got posted by u/Mikeymikers0n [here](https://www.reddit.com/r/Superstonk/comments/ner3cx/fintel_13f_filingshort_update_welcome_to_the/) + +&#x200B; + +https://preview.redd.it/lhsf5sa6huz61.png?width=3698&format=png&auto=webp&s=01f2d9db67c2c2fb3e12f4d29a973c6a0fbedcc7 + +Seems that our friends over at Citadel have almost doubled their bet against us, let's do it kenny, I'll call your bluff. + +The one thing that did caught my eye is that Melvin is no longer on this list (maybe it still needs to be updated?), but it could also be possible they have "closed" their positions, or shifted it in long otm options, or even shifted to another subsidiary of theirs. it's just something interesting imo and we should/could look into this. + +As the DTCC said they didn't force anyone to close their positions in January it's very interesting to find out were they all went. + +&#x200B; + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/u6dw5wheiuz61.png?width=640&format=png&auto=webp&s=2f48684af767568bfe811d73472640d1b57977c2 + +# I love you, but I don't like you + +Written by u/Rensole + +This was tweeted yesterday by the man with the plan RC yesterday. + +It seems that others have found that its a reference to the song + +# [Smokey Robinson & The Miracles - You Really Got A Hold On Me](https://www.youtube.com/watch?v=AdDnqSFYXFs&ab_channel=latacabre1) + + + +\-----> **I don't like you, but I love you** +Seems that I'm always thinking of you +Oh, oh, oh, you treat me badly +I love you madly, you really got a HOLD on me +You really got a **HOLD** on me, +you really got a **HOLD** on me, +you really got a **HOLD** , baby +I don't want you, but I need you +Don't want to kiss you, but I need you +Oh, oh, oh, you do me wrong now +My love is strong now you really got a **HOLD** on me +You really got a **hold** on me, +you really got a **hold** on me, +you really got a **hold**, baby +I love you and all I want you to do is just **hold** me +**HOLD** me, **HOLD** me, **HOLD** me + +Tighter +Tighter +I want to leave you, don't want to stay here +Don't want to spend another day here +Oh, oh, oh, I want to split now, I can't quit now +You really got a hold on me, you really got a hold on me, you really got a **hold**, baby +I love you and all I want you to do is just hold me, please +\-----> **Hold me, SQUEEZE, HOLD me, HOLD me** +\-----> **You really got a HOLD on me** +\-----> **You really got a HOLD on me** +\-----> **I said you really got a HOLD on me** + +Again this could be fully coincidental and his granny just really loves this song, but on the other hand it seems like a reference like usual, and just like the "MOASS Tweet" it was "sent from Iphone" while the rest on the official GME twitter was sent by their salesforce. + +Could be something, could be nothing. + +&#x200B; + +https://preview.redd.it/shj28kyyjuz61.png?width=400&format=png&auto=webp&s=41ac20c8b2dae11dde64396c24cabf00eb27e18a + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# Hello $180, my old friend + +&#x200B; + +[It feels good to see you again](https://preview.redd.it/nmtohouxksz61.png?width=1080&format=png&auto=webp&s=372e23c8f467ee0c962d25af4451b5aba580aaed) + +Green crayons for the class!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Don't forget to Rock the Vote](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3)! + +*written by* u/pinkcatsonacid 🦄 + +&#x200B; + +[Awesome artwork by u\/Bye\_Triangle ](https://preview.redd.it/jq6vi03zvsz61.png?width=1000&format=png&auto=webp&s=48e911fc3f0c10aee218428b4fdd44ff4a534dac) + +# Vote your shares and get your flairs! + +**Type !apevote! if you voted and want to show it off with a custom vote flair!** + +**And if you tried to vote but couldn't because the system is crooked, type !novote! for a custom attempt vote flair!** + +If you're in the !novote! club, you HAVE TO read this post from Carl Hagberg regarding those who are struggling to vote their shares. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/n2u4ebgfsrz61.png?width=554&format=png&auto=webp&s=11a5166dde1822236a452aac526d9bdee9d55e1d + +# Excellent! + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +https://preview.redd.it/7vjjds6wvsz61.jpg?width=960&format=pjpg&auto=webp&s=060d6a41a94c95e611b5651a815334e027a580ae + +&#x200B; + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to the team's socials to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +&#x200B; + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[Superstonk YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +&#x200B; + +# 🚨 ... AND VOTE YOUR SHARES!!! 🚨 + +&#x200B; + +[**Rock the Vote!**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/) **💪** +There has been several posts now in r/gme_mexico regarding Mexico's number 1 broker GBM and we have noticed that when reached through social media regarding our voting rights, they always ask to email or call directly, the fucking last straw is that they are giving out different deadline dates to submit our requests for the control number in their replies. + +&#x200B; + +[After I asked them to please reply through the same channel since its public information I didnt get a response](https://preview.redd.it/3uv4nmn4jk271.jpg?width=414&format=pjpg&auto=webp&s=f0bd6cdb2491234ed6ae82a2aedbc19b2c7e0e10) + +&#x200B; + +# I would like to ask my fellow apes in helping avoid this divisive behavior and let our voices be heard as one + +These are their social media channels + +Twitter: [https://twitter.com/GBMplus](https://twitter.com/GBMplus) + +Official Facebook group page: [https://www.facebook.com/groups/gbmplusinvestorsclub](https://www.facebook.com/groups/gbmplusinvestorsclub) + +Official Facebook Page: [https://www.facebook.com/gbmplus/](https://www.facebook.com/gbmplus/) + +Email: [plus@gbm.com](mailto:plus@gbm.com) + +This is a suggested message: + +Solicito que GBM+ publique un comunicado oficial tan pronto sea posible en el que expliquen como votar en la asamblea de GME y en que fecha se van a emitir los numeros de control. Los dueños de estas acciones tienen el derecho a ejercer su voto. No estamos de acuerdo en enviar un correo individualmente ya que se nos ha estado ignorando por ese medio. + +*I request GBM+ to publish an official statement as soon as possible with an explanation on how to vote in the next GME shareholder meeting and when are we expected to receive our control numbers. The shareholders have the right to vote. We do not want to send an email individually since we have been ignored through this channel.* + +# Apes together strong!!!! + +Edit: shortened to fit twitter’s character limit + +@GBMplus Solicito q GBM+ publique un comunicado oficial pronto en el q expliquen cómo votar en la asamblea d #GME y en q fecha se van a emitir los números d control. Los dueños de GME tienen derecho a votar y exigimos se haga publica la información +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! + +With credit cards offered by Slice (and Uni) it is very easy to split your bill into three parts and spread your CC payment over 3 months for no additional cost. Does anyone know if doing the split over 3 months affect the credit score? Also how are they able to do this? +https://www.cnbc.com/2019/07/08/rental-demand-soars-as-more-millennials-say-its-cheaper-than-owning-home.html + +Used to be that everyone’s goal was to own now younger generation ok renting, interesting mindset change. Definitely makes owning apartments with good cash flow seem like a good bet for the future. +Is it true that, as John Green says, "Textbooks are somewhat impervious to the law of supply and demand."? + +https://www.youtube.com/watch?v=CneL0GoZ3tk + +"The actual consumers, students and sometimes teachers, often don't have a lot of choice when it comes to textbooks, which I think limits innovation, and also makes them artificially expensive." +Turkish lira has depreciated a lot vs the usd, but why does it matter, the economy is booming (grew in 2020, and will grow 10% this year, and 4%\~ next year). Raising interest rates would boost the currency temporarily and lower inflation, but it would slow down growth leading to lower exports more imports and thus a hard cycle to escape. The current way will cause imports to become too expensive hence more stuff is produced domestically, granted there is inflation in the short run, but as the trade balance shifts to positive because of increased domestic production the currency will recover? + +&#x200B; + +In fact we can already see this, as in the last few years turkey for the first time has had current account surpluses.. In the last quarter exports grew 25%, and imports shrank 8.3%. Isn't this better? + +&#x200B; + +Whats the risk in the current strategy - as clearly I see a lot of negative articles written about Turkey's strategy to slash interest rates? +Everywhere I read, it says that the job of an Economist is stressful especially in the private sector. It involves long hours, tight deadlines, working on multiple projects at once. It also requires extensive contacts and relationship building, something a lot of people cannot do and many find it stressful given the extensive office politics at play. + +Can someone explain why the job of an Economist is stressful? +I was surprised, of course, that he would make an appearance. I asked him what was so special about this particular night that brought spirits such as his near to our world. He said it was mostly the slutty costumes hot girls wear. Then I got down to business. + +"Lord Keynes," I said, "we are in a pretty bad way economically. It is the worst downturn in the economy since the Great Depression." + +"Have you tried stimulus measures?" he asked. + +"We have," I said. He looked skeptical so I said, "We've spent hundreds of billions of dollars, maybe even trillions, on stimulus, but growth is still weak and unemployment won't budge." + +"And what have you spent it on?" + +"Well, mostly we've used that money to bail out banks and keep government jobs in place. Oh, we also bailed out General Motors." + +"Good Lord!" he said. "Has America abandoned capitalism? Why would you spend public funds to keep failing institutions alive? I certainly hope nobody attributes such foolishness to my economic theories." He must have seen me look away, because he shook his head and continued. "Stimulus should be spent in such as way as to fuel the private sector. Tell me, young man, are there any infrastructure items that could use a bit of an overhaul?" + +"Well, yeah. I mean, our infrastructure is falling apart. Bridges are rusting away. Roads in some places are being ripped up and replaced with gravel. Fresh and waste water systems are in need of serious renovation..." + +He held up a finger to stop me. "And how much has the federal government spent on these projects since your recession began?" he asked. + +I shrugged. "Not much, really. Oh, we did try to create some 'green jobs." + +"What the hell is a green job?" + +"Well, the idea is to build some energy infrastructure with windmills and such to replace some coal plants." + +"You've got to be shitting me," he said. He shook his head and said, "Nevermind. What's stopping the federal government from spending money on repairing your infrastructure?" + +"There's debate about our debt problem. Some fear that our national debt is too large to risk going into debt further." + +He waved his hands. "Ridiculous. What is the ratio of your national debt to your economic output? Fifteen percent? Twenty percent?" + +"Um, it's about 100% right now," I said, somehow feeling like I had personally overspent federal monies for my whole life. + +"What the fuck!" he shouted. "How..." He twirled one finger in the air as if trying to find the right words. He finally said, "Well, you are screwed. My concept of stimulus assumed fiscal responsibility in good times. It seems no one paid attention to that part. Enjoy several decades of pain while you sort yourselves out. I'm going to check out some hotties." And with that, he disappeared. + Hey atobitt, if you can read this please take a look at this thesis in the link below. Thx and keep up your work! + +&#x200B; + +[ILF\_WP\_068.pdf (ilf-frankfurt.de)](https://www.ilf-frankfurt.de/fileadmin/_migrated/content_uploads/ILF_WP_068.pdf) + +&#x200B; + +i dont have time to read through it, i just found a pretty good overlook / scheme in the document: + +&#x200B; + +https://preview.redd.it/v99vzudvkou61.png?width=1008&format=png&auto=webp&s=345f60caf84ee2ba82c4d3b82774bfc66f9905fc +I made [a post](https://www.reddit.com/r/Superstonk/comments/r8etct/boomers_just_dont_get_it/) in which I was just ranting about government/wall street boomers and Mr. u/1978CR250 responded. Because he hasn't enough karma and also wasn't too bothered to figure out how to post on his own, we decided he was gonna mail me his story after I asked him to expand a little bit. + +Here it is: + +I am a 63 year old "Boomer" and I have been investing directly into companies through DRIPS, Dividend Reinvestment Plans, and DRS since the early 90s. I was self employed and wanted to create my own retirement. I came upon this strategy as an excellent way to build my retirement.  I could invest a portion of my income every month which worked very well with my cash flow and raising a family. I enjoyed researching good companies to invest long term. DRIPS were Large Cap Companies. Large Caps paid dividends, which back then direct investments from private individuals, as apposed to employees of companies, required the company to pay a dividend. Never researched why. I didn't really care. + +I would buy one share through a intermediator. I do not recall their name. They would set up my accounts with the company of my choice. Once the account was set up I could create a monthly or bi-monthly investment plan directly investing in the company. Examples were, MMM, Coca Cola, Home Depot, and many other good strong reputable companiesI also had a brokerage account through a bank, Glendale Federal Savings. Trading fees were quite high. Depending on the amount of shares purchased dictated the fee...ie, 100 shares may be $125.00 fee. Trading in odd lots was very pricey back then as well,. So DRIPS was a great way to invest x amount of dollars every month and purchase odd lots, 1 and 2 or fractional shares. DRIPS were also attractive because I was directly investing in the company and not through a broker. I new back then purchases through a broker were not directly invested in the company. I new brokers would use my dollars the same as a bank uses individuals savings accounts, for their own investment strategies. Also the internet, dial up, was just starting at the time. There was no trading on any line via computers. If I wanted to make a trade with a broker I would call via telephone.  I never had heard of naked shorting and or synthetic shares at anytime in my investment years, prior to "SuperStonk", I have been on Reddit and the Sub for almost 1 year. + +I will say I am very appreciative of the younger generations computer savvy and putting the energy and time into the "DD".  + +I have used Computershare for years. My Drips I had started were then directed to Computershare which established separate accounts for each of my investments. Another DRS is  "Sharowneronline". They do the same as Computershare. When I first Started my direct investing, I would have to wait for monthly statements via snail mail to view my accounts status. With CS and Shareowner I could easily browse companies to directly invest in and view my account status anytime I wanted. I do not recall when CS and Shareowner started.  + +I will end with my wife and I are XXX holders. We have averaged in through the months. I wish I new how to communicate better on the Sub. Had I been more knowledgeable with the ins and outs of Reddit I would have suggested CS. Hey I'm a Boomer, what can I say. We all know now. + +GME, firstly for me is just a down right good investment. RC and the Board, the technologies they will tap into two generations of gamers, the young here and yourr kids. I took my kids to Game Stop back in the day. Bought them a PS2 for Christmas, had Nintendo etc... good days.  + +Then there's the icing on the cake, Bonehead Ken Griffen and all his and other Hedge Fucks bulshit. I have been enlightened tremendously and am in the fight, + +Again I appreciate what I have read and have been educated on. + +Sincerely, + +1978CR250  +[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. +I’m a single 28 year old living in the Bay Area. I have $100k in saving and I was thinking if I should buy a one bedroom condo (my budget is $400k-$450k) or should I keep renting. + +My take home pay after tax is around $6,000 a month and after expenses I have around $3200 in saving. Invest half of that money in crypto and $500 a month in a Roth IRA. I also have a 401k from work. + +My rent and mortgage come out to be around the same, around $2000 a month. + +If all goes well, I hope to start a family in 5 years and my goal is to sell the condo to buy a single family house. + +What should I do? Thanks for the help in advance! +I presume most of us have lost money on a deal at some point. + +What was the worst deal you ever did? + +What made you think it was a good move in the first place? + +What went wrong? + +What (if anything) could you have done differently to avoid losing money? + +Perhaps we can learn a thing or two from each other’s mistakes. +I am reading a book on economics and it says that more supply equals less demand because people won’t pay a high price for things that are plentiful: "high supply will push prices down as consumers will not pay a premium for something that is plentiful." + +But this just seems kind of non-sequitur. Why would the supply of something increasing make me value a unit of that thing less? For the sake of example, let’s say I am willing to pay X amount of dollars for a certain type of car. But then the company manufactures 100 more of these cars, making it more plentiful. Why would I suddenly not be willing to pay as much for the car I wanted just because the supply of them overall increased? + +To illustrate my confusion, this is what the sentence "high supply will push prices down as consumers will not pay a premium for something that is plentiful" is making me imagine: + +Customer: I am willing to pay $50,000 for this automobile. Is this the only one of its kind you have? + +Seller: Actually, no. We have 100 of that specific model in stock. + +Customer: Oh, well because there's plenty of them, I'm only willing to pay $40,000 now. + +Hopefully someone sees where I'm confused and can explain what I'm missing. +My understanding of the 101 explanation of minimum wage is that it harms *low skilled* workers; yet most of the discussions about it from the public (and even some economist) is about it not having much of an effect on *low wage* workers or little to no effect to employment. Why is it that most people who seem to be for minimum wage tend to talk about low wage workers and the effects on employment instead of the effects to low skilled workers? Is it really just a way for proponents to ignore the actual effect minimum wage has on low skilled workers or is there a good reason, in economics, for the switch? +The [new rules which were announced several months ago](https://www.reddit.com/r/AskEconomics/comments/9cj512/announcing_a_new_policy_direction_for/) are now in place. All top-level comments will be auto-removed, pending approval from white-listed users with comment approval/removal abilities. + +**Notes** + ++ For those asking questions, please be patient as comments are approved. It may take longer to get a response, but the responses you do get should be higher quality standard now than they were before. + ++ If you are answering a question and are not a white-listed user, please be sure to write high quality answers if you would like them approved. As a rough set of guidelines, this means providing detailed and correct explanations, showing your economic reasoning and/or economic models, citing research where appropriate and answering the question as fully as possible. Short, incomplete and misleading answers are much less likely to be approved. + ++ Top level comments asking for clarification from the OP, asking additional related questions, and other such requests are fine and will be approved. + ++ If you are a white-listed user, please approve comments that meet these subjective guidelines. Please also approve any comments asking further questions or clarifying. Keep those answers that do not meet this standard as removed. + ++ **If you are answering questions and would like to be white-listed**, please leave a top-level comment here with 4-5 posts highlighting your knowledge of economics. You may also message the mods with these posts. We do not care about formal credentials, only your history of comments showing good economic reasoning. With that said, the standard for a white listed user is roughly having the knowledge from an undergraduate degree in economics. Comments do not have to be from /r/AskEconomics to highlight your knowledge. + +This post is the successor to the previous [Why am I not seeing answers](https://www.reddit.com/r/AskEconomics/comments/f5wfok/why_am_i_not_seeing_answers/) sticky. Due to limits on the number of stickied posts, it also replaces the [Coronavirus Megathread](https://www.reddit.com/r/AskEconomics/comments/fjbav7/coronavirus_megathread/?sort=new), which has not seen much recent 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. + +*** + + 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! + +Hope this is ok to post and is close enough to personal finance. + +https://www.bbc.co.uk/news/uk-england-essex-59069662 + +Vaguely interesting article. Guy is working away from home for an undisclosed amount of time. While he is away, someone steals his identiy via DMV driving licence, and sells his house. Police weren't interested, claiming it was a Civil matter, but then may get involved via fraud enquiry. + +The bit which is confusing me is this statement in the article: +>Once the house was sold to the new owner for £131,000 by the person impersonating Mr Hall, they legally owned it. + +Can anyone explain that to me? How is it not some sort of variation on stolen goods, and the person who bought the house from someone who didn't own it is now out £131k? +I'm currently on 110k a year & when I look at what I can afford in Sydney it's basically a studio in a semi decent location for around 550k to 600k. The Melbourne equivalent can be had for about 250k. I just don't think a studio in Sydney is worth the equivalent of 10 years of intense saving, and I am not the most responsible person out there - I hate full time work, and at any time am only a few bad weeks away from quitting. I work in IT so if I moved to Melbourne I could get a job with similar pay. I need to keep my current job for the next 2 years & within that time I could save a 50% deposit. I think Sydney is the best city in Australia, but I want to be free more than anything else - should I look to move? +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!!!!!! + +💎💎💎💎❤️❤️❤️❤️❤️💎💎💎💎💎 +My parents will require me to leave home as soon as I graduate from high school. Included with this is the requirement for me to support myself entirely. However, I would like to go to the state university. +Some relevant details: + +1. The state school would cost me ~20k a year after the merit-based scholarship I will receive from the school itself and financial aid. This price includes housing, tuition, books, and food. I would need to find somewhere to live during summer, though. + +2. It will only take me 6 semesters to achieve my degree because I have taken prerequisite college courses online. + +3. As of right now, I am about to finish my Junior year and have a part-time job where I average about 20 hours a week, however, there are no extra hours available. + +4. Senior year I will be getting out of school early (about noon), so I could get a second job and work full time. + +5. The way my state/university is laid out I will more or less need to buy a car, so I intend to buy a used car at the end of summer (I have about 2,000 saved right now). + +6. My grades (top 5% of class) and test scores are good (99.5 percentile) however I am not eligible for need-based scholarships. + +Which leads to my questions: + +What actions should I be taking now in order to prepare for what's to come? + +Is it possible for a teenager to get a job paying more than minimum wage, if so how and where? + +What can I do to lessen the costs of college (I've taken all 100 & 200 level courses at community college already so it is not possible for me to go to community college first)? + +What are some costs I should be prepared for? + +And finally any other general advice? + + +Thank you in advance for any help you all provide. + +Edit: Major in Computer Science & I am definitely open to moving states +I've spent 18 yrs on the road by ER travel nursing throughout the US, and plan to retire in 2023. I own 5 properties across different states. 3 are vacation rentals with property managers, 1 is vacant that a family member maintains, and 1 has long-term renters. None of the properties have a mortgage and I like the vacation properties as I am able to stay in them as long as I block out the dates several months in advance. Since my lifestyle has been unstable geographically, I am worried I'll have no "roots" or social circle once I stop working. My life's been full of short term professional acquaintances, and I've never stayed in the same location for longer than 6 months for almost two decades. I don't know how to spend or know what I'll even do when retired. Most of the time I worked 12hr shifts 3-5 days per week, and if my assignments were near nature I would hike, mountain bike, ski, rock climb, or sail on my days off, looking back I already fulfilled most of my adventures desires and I just don't know how to "plug in" with a community if I were to stop working and settle down. + +Any retired nurses with a successful retirement that wasn't restless? +If Amazon stayed tangibly and functionally as is but its stock price was $0.00, what would be the effect? As I am looking to understand this, an answer like 'it would go out of business' is insufficient as I would like to know the sequence of events that would lead to this outcome if that is indeed the case. Whatever the answer is, I look forward to reading it and learning. + +This is a situation where the financials and the stock price are mutually exclusive. Though not realistic, it is possible for investors and institutions to make any mistake they want. +I'm hoping someone can explain this to me like I'm a toddler, because all the research I do seems to yield more questions than answers. + +[Investopedia](https://www.investopedia.com/articles/economics/08/japan-1990s-credit-crunch-liquidity-trap.asp) seems to explain it best, Japan's lost "decade" was caused by a combination of: + +* a bursting real estate bubble +* hiked interest rates +* Japan's central bank creating a credit crunch & liquidity trap + +But none of those things are unique to Japan. Why are America and other economies seemingly so able to bounce right back when these events occur, but Japan got stuck? + +Was it just the perfect storm of all these things happening at once? + +Are there cultural/consumer habits that fueled it? + +Was it due to some finer details of policies Japan's central bank practiced? + +Could something similar happen in other economies, particularly America's? +My portfolio http://hellomoney.co/portfolio/347 + +Background: Late 30s. Love my work and do well financially from it, but hate dealing with investments. I signed up for ML wealth management 3 years ago to consolidate a bunch of different accounts and have somebody making sure my money was working for me. + +Finally got around to evaluating my portfolio after 3 years of ignoring it, and saw the expense ratio: 1.81%. Converted it to dollar amount, and jumped out of my seat. Learned about different fund classes: mine are all C class. So much for “you’re not paying fees, the fund companies pay us.” + +I am not asking for a new advisor or fund recommendation here. No, I am not proud. Yes, I am redoing my portfolio. But more importantly, I have to rethink my relationship with my own money first. What puzzles me is: How can I be so confident in my technical expertise, in my ability to make money from work, yet never managed to grow competency around investing? + +Talked to a bunch of friends and realized I am not alone. They are highly educated, making great salaries, top-notch in their respective fields. But when it comes to investing, especially about their own money, I rarely get straight answers. What I get instead is anxiety, guilt, and evasion. + +Have any of you redditors been in a similar situation? How did you come to take the mental reigns of your own investing? + +**TL;DR** - About to take the red pill, time to be as confident about investing as I am with other parts of my life. Tell me how you did it. +Those are: + +- AKN INC. +- Akropolis Decentralised Ltd +- Applicature inc +- Bennett Jones LLP +- BGX +- BII +- Brandting Golv +- Carl Data Solutions Inc. +- Colendi Yapay Zeka ve Buyuk Veri Tek Hiz AS +- Covex Lab Technology Ltd +- Cryptovation +- Datum Network GmbH +- DMarket Limited +- ecIoTify GmbH +- FLUX +- Foris Limited +- Group Firmitas +- Horizon State +- Iposint +- Jones Day +- McCarthy Tetrault LLP +- McDermott Will & Emery LLP +- Nori LLC +- RDMCHAIN +- Schwegman, Lundberg, and Woessner P.A. +- Smartbridge LLC +- Sofocle Technologies (OPC) Pvt Ltd +- STK +- Thomas Ray Co. +- TIBCO Software Inc +- Till Payments +- TOKENY +- TrustToken +- VIMANA GLOBAL Inc. +- Whiteblock +- XYOracle Network +- ZebiData + +I mentioned I had a friend who invests at Interactive Brokers and mentioned my account balances at Vanguard and other competitors. + +After a process where they submitted my requested rate, they were able to give me a 2.5% margin rate which is substantially better than the advertised rates. +I’ve been trading options for the past 2 years. WSB style- after getting tired of losing I switched to theta gang. Deposited $1500 back in April into TW and sold strangles around AMD. Profited over 125% in 2.5 months. I was ready to close out my short strangle when INTC dropped the unexpected news of its slowed future chip growth. AMD proceeded to pop... wiping nearly all of my gains. I rolled my strangle out to the end of AMDs earning week. Expecting to profit on IV crush and minimal, downward price movement. AMD popped even higher putting my $62 calls underwater. Now I’m down about 90% YTD. + +Kicking myself here but I deviated from my trading rules- 45 DTE with a tighter than normal short strangle during earnings. Of course no one could’ve anticipated AMDs huge run up. But damn was I proud of my early theta gang profits. +All is not lost, I didn’t bet the farm but still hurts! + +TLDR; went from +125% to -90% after AMDs run up over the past 2 weeks. Stick to your trading rules and do not deviate from the plan! +Lookdown is slowly coming to an end FOR GOOD in next month or two so its probably time to think of buying bombed out retailers shares from FTSE and AIM for recovery. These are some picks that might be worth considering? Do you have any Retail Shares that you think are also good? + +\#SHOE ShoeZone: Currently trading at about 58p. Normal pre-covid price £1.50 £2.0 . Millions of kids set to go back to school March 8th onwards. That could be millions of shoes for growing feet. + +\#SCS SCS Group: There is a DIY and home improvement boom going on while people working from home. This company has been overlooked by investors. Gets double whammy of shops re-opening and in the right sector for Spring. + +\#HOTC Hotel Chocolat: Shops reopening and Easter approaching. + +&#x200B; + +Longer term its worth noting that every year for the next ten years boomers will be retiring. Its worth noting that the elderly do spend a lot of their retirement time and money shopping. Many boomers are loaded with cash. The big market for boomer money is HIGH STREET RETAIL. You cant get a cream tea and chat on line - you need to go to M&S or Frasers etc and browse real shops. + +There is going to be a retail boom for a while. I know people think on-line is the future but there are many events happening now that will help shops and hurt online. + +**HOW I SEE FUTURE OF UK RETAILING** + +============================================================= + +Most people will always want the instant hit! Instant gratification. They want the product immediately and they want it without any delivery charges. + +So you need both retail outlets and be able to order online. + +Order online then nip down to Argos Sainsburys and pick it up - totally free of any delivery charges and you get it immediately. With Amazon etc, you often have to pay delivery charges and you have to wait. bricks and mortar mixed with online gives you instant gratification and no delivery charges. + +So companies like £HOTC or £SHOE or £SBS have inbuilt advantage over pure online. Not only that but with new tax regimes coming in, the selling field will become more level. Retail will slowly rise up a bit and online will slowly fall back a bit. + +===================================================================== + +Typical News events coming in driving up retail prices from this point on : + +`Exclusive: 'Universal vaccine' that can conquer all variants could be available within a year thanks to British scientists` + +`Drugs are being developed that target proteins found in the core of the Covid virus - ending the need to keep tweaking existing jabs` + +`By Jennifer Rigby, GLOBAL HEALTH SECURITY CORRESPONDENT13 February 2021 • 12:36pm` + +`.... Daily Telegraph` + +&#x200B; + +&#x200B; +Hi everyone. My partner and I have been offered a house for $1.00 by some really generous friends. We’re considering it, but aren’t sure of the pros and cons. Neither of us have ever owned a home before, and just moved into a two bedroom apartment in April. The house is very old, and hasn’t been lived in for several years, so would require some repairs and renovations. This is a once in a lifetime opportunity and we would like to accept the offer, but don’t want to regret it later. What are some important things we should consider before saying yes or no? + +Edit: I want to add that I trust these people wholeheartedly. I say friends because we aren’t blood-related, but they are closer to us than family and I know with absolute certainty they’d never do anything to scheme or harm us in anyway. They are just this nice. + +Edit: I would like to thank everyone who responded, especially those who provided sound and thoughtful advice. I’m completely shocked at how much feedback I received from this post, but appreciate it tremendously. You all have given my partner and I A LOT to consider. +I live in the US, in a poverty filled state. Heck, my chosen neighborhood is at or below poverty level, on average. I'm a sole provider for a family of 3, and I feel as though we are afforded a fairly comfortable life, even at $34k. Most of the wealth growth and income growth that I hope for us is aimed at retirement and general betterment (Healthcare, quality of housing and education). + +Anyhow, if this sub delivers at the same focus of quality and moderation as r/personalfinance, but with a focus more oriented to my own income level, I'm stoked. +Putting together an emergency fund (as a homeowner) and have included the following: + +* Mortgage +* Utilities +* Internet +* Food & Drink +* Phone +* Council Tax +* Home Insurance +* Boiler costs +* Home maintenance Fund + +Am I missing anything? +Good morning fellow redditors. I´ve been bugging me with the idea of starting saving some little money for being able to live if I get fired (which is unlikely but I have to be prepared). I have been working for almost a year , earning 1,3k euro each month but I haven´t been able to save a single penny as there is always someone in my family planning what to do with my earnings (which is totally understandable and justified). Money in my account is always blown up on a week (usually three days) and I literally have no time for (getting out of my house and ) making any bank operation because the offices only open at morning. I usually spend 22€/month in feeding some stray cats and charging my prepaid sim and bought a PSVita+128GB sd and a cheap ebook long time ago for not sinking into boredness in Saturday and Sunday morning (about one hour each day).I´ve tried to physically store it but my little brother is really dedicated when it comes to steal it (he´s a kid , nothing to blame) How could I save a bit of money without hurting my family feelings/economy and not feeling bad doing it (I had problems with money breaking my family before and just can´t enjoy it) given the circumstances? +Summary in the EDIT, final decision at very bottom paragraph. + +I'm having a hard time deciding if I have a bad misconception of how important salary is in the long run. Here's as brief as I can make it: + +Recently obtained BS in electrical engineering. Manufacturing company I interned for is offering me $73k with a $12k signing bonus, however, I would rate the work a 5/10 and it has nothing to do with what I really want to do-- **PLC's and automation**. + +I've recieved two other job offers from a larger and smaller PLC company that does exactly what I love... PLC's, controls, automation, machine programming, etc. However, I've found their offers to be weaker at around $65k. This is pretty average for beginning EE's like myself I've discovered. + +Ideally, I'd like to snag the signing bonus (contingent on working for a year) and finish up some of my intern projects,working at the manufacturing company for a year, and then leave for a PLC company like the two I mentioned. + +Am I selling my soul for a one time payment from the manufacturing place, which won't make a big difference in the long run (almost 20k...)? Will this just hinder my progress in the engineering fields I actually enjoy? How about looking bad to future employers for only working at a company for a year? + +I'm new to financial freedom and large salaries, so any help in making this decision is appreciated. I've been lurking on posts and the sidebar about starting my 401k and such. Thanks!! + +*** + +Edit: Thank you for all the comments and advice! Although I am not responding to everyone, I promise I've been reading every comment and will continue to do so this weekend. I'd like to post a summary of the most popular points in this thread so far, for the curious and people in similar situations: + + +Advice FOR higher salary position: + +*A big jump on your 401k/savings plan can turn into a lot of money for retirement. + +*More money in the beginning of your career means a lot compared to 10 years down the road. + +*Higher salary gives more room for negotiation with companies later on, however, the difference field of experience won't necessarily make you more valuable than a college graduate for example. + +*Time is money, and if work is just work, than the better compensation gives you more for your time and allows you to enjoy personal time more. + + +Advice FOR lower salary position: + +*Doing what you like in a job is very important, and in a situation like this you get into the territory of diminishing returns. + +*Job progression happens fast, and the experience in a desired field makes a 10-20k difference negligible in the long run. + +*Better personal interest in a job gives more room for progress and better opportunities based on meaningful work. + +*As long as you're financially comfortable, having a more enjoyable life can make life better in general and prevent stress and soul-sucking day-to-day involvement. + +There are a lot of other factors I've been considering and have evaluated each companies benefits as well. + +***I've decided to take the majority's advice and go with the PLC/Automation company. I'm still waiting to hear about their offer negotiation but I will likely end up taking whatever their final offer is. The experience and quality of the work seems like the more important aspect this early in my career, and I would recommend the same to anyone in a similar position. I appreciate all the comments, especially considering I got a great mix of educated responses on financial strategy as well as fellow engineers in similar fields. + + +**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. + +&#x200B; + +**Edit 19 4:02PM:** + +Ending around 164.48, up 6.33%. Pretty great day! See you all tomorrow. + +**Edit 18 3:27PM:** + +We can reasonable end at the upper half of this channel. + +https://preview.redd.it/r6m5lvjol6u61.png?width=2138&format=png&auto=webp&s=ab2b953940b68781dbde9ae6bbec5948c20bdfb8 + +**Edit 17 3:00PM:** + +Power hour: + +[https://www.youtube.com/watch?v=ZoL80H7BGFE&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ZoL80H7BGFE&ab_channel=WardenElite) + +**Edit 16 2:09PM:** + +Just verifying that I am indeed still here and not kidnapped by hedgies. Hello everyone! What another boring midday haha! + +**Edit 15 12:34PM:** + +Bit of a ---------> midday. Hope power hour is a bit more fun! + +**Edit 14 11:46AM:** + +Increasing Call volume at the 170 strike causing a price bounce. + +https://preview.redd.it/s8c2rvwdi5u61.png?width=2461&format=png&auto=webp&s=2e2973820117edc0df1871be12473c7d376e7ec8 + +**Edit 13 11:26AM:** + +Finally testing the 163 support I speculated on on stream. Patience my friends. We may not see any explosive power today, but that won't make me any less bullish on this stock. + +https://preview.redd.it/c0bqn41pe5u61.png?width=2141&format=png&auto=webp&s=cbff25c8f777e26b6ffa47737e1e4c3762d65b0f + +**Edit 12 10:56AM:** + +Volume slowing down, we can bounce within the 165.5 - 169 channel. + +https://preview.redd.it/pwgo2tad95u61.png?width=2137&format=png&auto=webp&s=e336d9df1c9e5fb8f1bd6a8766f336fbd4929d63 + +**Edit 11 10:45AM:** + +Volume hasn't really picked up. Broader market dragging GME down a bit. + +**Edit 10 10:35AM:** + +If volume picks up, we can continue the ascending channel. + +https://preview.redd.it/u8s028im55u61.png?width=2132&format=png&auto=webp&s=2757169d3e14c2d0b9b7f2093fe5ff71e31c0c88 + +**Edit 9 10:31AM:** + +Volume slowing down. We might consolidate around 171.5. + +**Edit 8 10:25AM:** + +The pickup in volume has resulted in GME favoring the upside. 174 resistance is next. + +**Edit 7 10:14AM:** + +GME inverted the SPY a bit. That negative beta eh ;) + +**Edit 6 10:10AM:** + +SPY tanking a bit. + +https://preview.redd.it/6gbfqpj415u61.png?width=2129&format=png&auto=webp&s=cf298ddfb9fc3032e47ddbc1c309e2ec5e543081 + +**Edit 5 10:00AM:** + +On low volume, we may move down a bit and then consolidate. + +https://preview.redd.it/ylw9lnngz4u61.png?width=2146&format=png&auto=webp&s=8fab63b1425709604d221f137b684d3c54c38c7c + +**Edit 4 9:46AM:** + +Bouncing within the 165.5 - 169 channel. + +https://preview.redd.it/rm4kqtxww4u61.png?width=2138&format=png&auto=webp&s=d266ab380d8b8e9804b7d1dbb28b8f687378373c + +**Edit 3 9:37AM:** + +Slight gap fill, two possible Fib support levels for a bounce. + +https://preview.redd.it/6e9gcrr8v4u61.png?width=2139&format=png&auto=webp&s=8472f5f46f75c9e1b13944170a6cac72018a777e + +**Edit 2 9:31AM:** + +823k volume 1st minute. + +**Edit 1 9:29AM:** + +Added 163 support. + +# Begin Reading Here + +https://preview.redd.it/e335lbn3s4u61.png?width=2560&format=png&auto=webp&s=7ed78f58d680ca111b4e3e71bb7b4378b30960f8 + +Gooooooood morning my fellow apes! + +The destined Monday bounce has come. Market open is going to a be a bit crazy. + +Tune in to stream here: + +[https://www.youtube.com/watch?v=s5weu1LzWTc&ab\_channel=WardenElite](https://www.youtube.com/watch?v=s5weu1LzWTc&ab_channel=WardenElite) + +# Premarket Analysis + +Up 11% as of now. We sliced through a diagonal resistance and now we'll be testing the 177 resistance above at market open. + +https://preview.redd.it/xadzsy0as4u61.png?width=2141&format=png&auto=webp&s=74305eb35bfbb565e298026853ad0cd4cd4a9989 +I have a lot of free time at my job and spend most of the day searching for value in the market and setting relative price targets for stocks on my watch list. However, these two have seemingly escaped my grasp. + +How is it that META is trading at a 12 PE??? + +* Great company +* Long term lens +* More data than the government +* Not going to die tomorrow +* \+33 Billion Cash position (negative net debt) + +Plus PYPL finally trading at a fair value even with slower future growth (expected for large companies) + +&#x200B; + +Both of these companies seem so ubiquitous. I think this is a terrific entry, and I have only begun buying in. + +&#x200B; + +PS. I will most likely deep dive with more information in the future, just thought I'd ask if I am missing anything. +"In December it \[the Fed\] projected a measly 0.75 percentage points of interest-rate rises this year. Today an increase of 2.5 points is expected. Both policymakers and financial markets think this will be enough to bring inflation to heel. They are probably being too optimistic again. The usual way to rein in inflation is to raise rates above their neutral level—thought to be about 2-3%—by more than the rise in underlying inflation. That points to a federal-funds rate of 5-6%, unseen since 2007. + +Rates that high would tame rising prices—but by engineering a recession. In the past 60 years, the Fed has on only three occasions managed significantly to slow America’s economy without causing a downturn. It has never done so having let inflation rise as high as it is today." + +[https://www.economist.com/leaders/2022/04/23/why-the-federal-reserve-has-made-a-historic-mistake-on-inflation](https://www.economist.com/leaders/2022/04/23/why-the-federal-reserve-has-made-a-historic-mistake-on-inflation) +As always great research from James Montier at GMO finding that **Value Investing is a great inflation hedge**. + +[Inflation - Everything You Never Wanted to Know and Were Afraid to Ask](https://www.gmo.com/europe/2021-gmo-conference-sessions/inflation/) + +Take a look at the chart + +**Key Points** + +* Many of the common explanations of inflation are dubious. However, **all sustained inflations seem to have one element in common: a wage-price spiral occurs.** This is how inflation gets embedded in the system. +* Much of the current debate focuses on whether the current upswing in inflation is transitory or permanent. **For it to become permanent, we would need to see signs of resurgent labor bargaining power.** There is no clear evidence of this just yet, although there may be a few tentative straws in the wind. +* Rather than spending too much time trying to decipher the signs of future inflation, investors’ time would be better spent **figuring out how to make their portfolios robust to inflation**. Many of the usual suspects for inflation protection don’t seem to stand up to empirical scrutiny. **TIPS are fine if you want an inflation hedge, but they come at a cost**. +* **Long-term investors should be more interested in stores of value rather than hedges**. Despite their reputation, commodities appear to be questionable stores of value. However, equities perform well as a store of value – they effectively straddle the wage-price spiral because they are businesses that both pay the wages and charge the prices. **Even better than equities, one can own cheap equities. Value stocks are like free inflation insurance**. + +&#x200B; + +**Here are two other great research pieces on Inflation** + +[Inflation – Tall Tales and True Causes: Much Ado about Nothing](https://www.gmo.com/europe/research-library/part-1-inflation--tall-tales-and-true-causes/) *(Aug 2021)* + +[What to Do in the Case of Sustained Inflation: What if We’re Wrong?](https://www.gmo.com/europe/research-library/part-2-what-to-do-in-the-case-of-sustained-inflation/) *(Sep 2021)* +TLDR: It's baaaacckkk!!! The signals are firing up again for another gamma squeeze! + +***BIG Edit:*** So excited to see how much this took off in the last few hours! I didn't properly get the chance before, but I'll tell you now why I'm so excited... + +As you can see, for the last few months I've been anxiously pulling my options data/running my algos every day, and disappointed when I haven't seen that gamma spike since the beginning of March. I've seen other tickers get their spikes, watched AMC's spike for like 2 weeks straight, but no GME.... + +Then finally last week there was a spike! And I couldn't wait to tell everyone! But it quickly went away, then the three day weekend happened, and was like... was it just a fluke? + +Then today, u/Criand wrote an epic post that put some pieces together with my gamma spikes and the FTD cycles. I ran my algos between meetings this afternoon, and there she was, that beautiful golden spike came back! I couldn't wait to run onto the internet to tell all my friends! Cause lord knows my husband doesn't get excited about this stuff! And my two young kiddos were having some kind of crisis about cheese (understandable though). + +Anyways, it wasn't a fluke, these spikes cluster together for the big ones. I'm excited.... I'm jacked.... I can feel it.... I have a hard time understanding all the dd, but I understand this work that I've poured a lot of myself into, and it's telling me our chances of that MOASS just went up by a lot... like a lot.... + +I have backtested my method using various machine learning/deep learning methods, and the chances of significant increases (5%+) with one of these spikes is around 70%, and goes up to \~80% with multiple spikes. Chances of big increases (10%+) are around 50%, and in GME's case... well... it likes to go BOOM! + +I don't put all my faith into these machine learning methods though, probably the nature of an actuary. Machines get you half way, and you have to read the numbers to make calls for yourself. My machines are telling me the conditions are ready.... the other dd is telling me we're ready... and most importantly for every individual ape to feel for themselves, **my gut is telling me we're FUK'ING READY!!! LET'S GOOOOOO!!!!!!** + +**Original Post** + +So excited to share that another gamma neutral spike started today, up to $9,233 (up from the $7,387 spike last week)! + +See this post from today by u/Criand about the interesting relationship between the T+21/T+35 cycle, the gamma neutral spikes and the fuk'd level of hedgies: [Gamma Spike and T+21/T+35 Cycles](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) + +Graph below in log base 10 so you can see this beauty: + +[GME 1\/4\/2021 - 6\/2\/2021, Log Base 10 Scale](https://preview.redd.it/3as9umpc5x271.png?width=910&format=png&auto=webp&s=3829e979f085bac25fb0b00992d14d45e4fc5505) + +In the middle of work, but too excited not to send this out. I can comment more later, but yesssssssss gammmmmaaaa!!!!! + +&#x200B; + +copy/paste explanations from prior posts below for more explanation: + +My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies like to hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. I have a little data dictionary at the bottom if you need a refresher on terminology. + +* Delta Neutral: price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like a theoretical floor (although the price can go lower, as seen in February). My theory is that as the underlying approaches the delta neutral, call options go on sale. As people buy call options, MM have to buy the stocks which increases the price. Most stocks like to hang out above the delta neutral, some dip below and create pressure that can shoot them back over the delta neutral (like what happened in February), and some like to hang out below (like the VIX). +* Gamma Neutral: price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. General observation is it acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most plan (like we have seen with GME since April). It also goes crazy in periods of high volatility (as you can see by the infinite spikes). +* Max Pain: price that creates largest loss for option buyers and largest gain for option sellers. This is a controversial topic because underlying prices can drift towards this point. There are typically large areas around the max pain that doesn't make a lot of difference to the profits for option buyer/sellers. It can be used to help gauge where the equilibrium of the options data is, but there is often a wide range around this price point that does not meaningfully affect MM profits. + +Disclaimer: I'm just an actuary that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions. +"Just how big was Target’s quarter? Let’s put it in perspective. The retailer’s sales totaled $22.3 billion in the three months ended Oct. 31, a $3.9 billion increase from the same period last year. By comparison, the chain’s increase in sales for the entire preceding fiscal year was $2.7 billion. In other words, in the third quarter alone, it had to figure out how to manage the equivalent of a more than a year’s worth of growth. And that’s after experiencing a huge sales increase in the second quarter. It’s an utterly herculean operational lift — requiring a rethinking of supply chain, inventory management and labor models — and it bodes well for Target’s long-term prospects that it was able to adapt to these conditions so quickly." + +https://finance.yahoo.com/news/target-crammed-worth-growth-quarter-113202818.html +Hi! + +Obviously the real best option is to come on here ;) but I wanted to know what sites or products or services/platforms people love to find out more. + +Is it just me or is simply comparing and contrasting ETFs harder than it should be? + +Thanks as always! +I'm at the point where I have a bot I'd like to deploy. I'm not sure if it's better to put it on a web server like Azure or AWS, or just get a laptop that can run it all day. Does anybody have any thoughts? +I was approached by a Series E startup a few weeks ago about a senior leadership role (head of finance, reporting to CFO). The interviews went well so now I'm evaluating the offer and want to make sure I make the right decision here. + +**Current (FAANG):** + +* Senior Finance Manager +* Comp target is $275k, but realized comp will be closer to $245k this year since stock price has dropped. Base is $165k, RSUs make up remaining $80k. +* Recently moved into a new role which is great: good WLB, work on interesting projects, good manager, etc. +* **Case for staying:** likely more job security in the event of a recession; have a low(er) stress role that is somewhat rewarding; path to $350k comp in \~3-4 years via performance rating improvement over time + +**Startup Offer:** + +* Series E startup, Head of Finance (Sr. Director) role +* $315k base + $700k equity (net) over 4 years +* Company has a chance to succeed and IPO, but not likely for 3+ years +* **Case for joining**: fits what I was looking for in terms of next steps in my career (head of finance role where I can learn from CFO), gets me back to startup life which I enjoyed pre-FAANG, and fully remote role opens up options for where I live - could accelerate savings if I move to lower COL city. + +When contemplating the offer, I'm considering how it will play into my FatFIRE plans (targeting fatFIRE with $6M in \~10-15 years (currently at $1.3M). The relatively high cash compensation at the startup was surprising to me and reduces the risk of joining significantly. The base salary at the startup is a comp level that I wouldn't hit at FAANG for at least 2 years with the $175k annual equity as icing on the cake. I've recently come a bit more risk-averse with the birth of my first child so I'm not counting on the startup equity and have mentally applied an \~80% discount to the value. + +For any of you that have been in a similar position, I'm looking for general feedback on the offer as well as any tips on what I should consider when negotiating my compensation package (e.g. should I negotiate severance? signing bonus?). Thank you! +I went through my trading history today and found a few painful examples. Figured it would be fun to share and could serve as a good example for people new to the space to understand that hodl is not simply a meme. Back in 2018 &amp; 2019 I sold: + +* 525 LINK +* 32 BNB +* 22.7187 ETH + +For a total value of $7750. Today it would have been worth $135 924. As a student, that would've been quite life changing. + +Don't be like me kids. Hodl on to your crypto. + +Thank you for coming to my Ted Talk. + + + + +**EDIT:** wow, this got a lot more attention than I thought it would. Glad to hear all your stories and input! Just thought I would clarify a few things, as there are a few common themes in the comments. + +• I am not bitter about these trades. They were the inevitable mistakes required to learn about investment for me who had no previous experience of it. You win some, lose some but what’s important is if you learn from it. I’m just happy to be a part of this crazy and exciting time. + +• I realize “HODL” is not a silver bullet to investment, or even a good strategy in all cases. The point I was trying to make was more about that patience can be valuable, rather than give financial advice. The tide raises all ship etc. + +• $135k is not “fuck you” money and wouldn’t make me crazy rich. But it would’ve been life changing for me since it would’ve been a great down payment for an apartment, something that would otherwise be out of reach for me for many years to come. Therefore, it would be my moon and life changing. Maybe just not in the sense many people in this subreddit imagine or wish for. + +Have fun out there and don’t invest what you can’t afford to lose y’all :) +Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company’s media business. + +On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+. + +Shares of the company jumped more than 5% during after-hours trading following the announcement. + +The move by Disney comes as the global coronavirus pandemic has crippled its theatrical business and ushered more customers toward its streaming options. As of August, Disney has 100 million paid subscribers across its streaming offerings, more than half of whom are subscribers to Disney+. + +“I would not characterize it as a response to Covid,” CEO Bob Chapek told CNBC’s Julia Boorstin on “Closing Bell” on Monday. “I would say Covid accelerated the rate at which we made this transition, but this transition was going to happen anyway.” + +“We are tilting the scale pretty dramatically [toward streaming],” Chapek said on “Closing Bell,” noting that the company is looking at all investments, **including dividends**, as it seeks to increase its spend on new content. Chapek said the board of directors will have the final say on Disney’s dividend payouts. + +Only last week, activist investor Dan Loeb called on Chapek to end the company’s annual $3 billion dividend to divert more capital to new Disney+ content. + +Loeb’s Third Point Capital is one of Disney’s largest shareholders and bought more shares earlier this year in support of Disney’s repositioning around Disney+, its flagship subscription streaming service. + +Loeb told CNBC, “We are pleased to see that Disney is focused on the same opportunity that makes us such enthusiastic shareholders: investing heavily in the DTC business, positioning Disney to thrive in the next era of entertainment.” + +Chapek said the reorganization could result in some reduction of staff, but not likely at the same scale as was seen at the company’s parks division last month. Disney was forced to lay off around 28,000 workers after it became clear that its Disneyland parks in California would not be reopening soon. + +As part of this reorganization, Disney has promoted Kareem Daniel, the former president of consumer products, games and publishing. He will now oversee the new media and entertainment distribution group. + +He’ll be in charge of making sure streaming becomes profitable, as the company continues to invest heavily in its various streaming products. Daniel will hold the reins to all of the company’s streaming services and domestic television networks, including all content distribution, sales and advertising. + +Disney is becoming more reliant on Disney+ as movie theaters have been unable to recover after being shuttered in March due to the outbreak. Ticket sales have been particularly lackluster at domestic cinemas since the industry attempted a large-scale reopening in late August. + +In recent months, the company pushed back a number of its theatrical releases including its Marvel blockbuster “Black Widow.” The much anticipated Pixar film “Soul” has also been postponed. It will now arrive on Disney+ in December. + +Analysts are still awaiting word from Disney about how “Mulan” fared after Disney removed it from theatrical release and sold it through Disney+ for $30. It is expected the company will share more details about its performance during its next earnings report in November. + +Daniel will be responsible, in part, for making big decisions about Disney’s theatrical and streaming release schedules going forward. + +″[Consumers] are going to lead us,” Chapek said on “Closing Bell.” “Right now they are voting with their pocketbooks, and they are voting very heavily toward Disney+. We want to make sure that we are going the way the consumers want us to go.” + +**Reorganizing Disney’s media business** + +Alan Horn and Alan Bergman will remain in charge of the company’s studios, Peter Rice will continue to head the company’s general entertainment group, and James Pitaro will stay as head of the company’s sports content. + +All will report directly to CEO Bob Chapek. The company’s parks, experiences and products segment will remain under the leadership of Josh D’Amaro, and Rebecca Campbell will remain on as the chairman of direct-to-consumer and international operations. Campbell will report directly to Chapek for all things related to international operations but will report to Daniel when it comes to Disney+, Hulu and ESPN+. + +“Given the incredible success of Disney+ and our plans to accelerate our direct-to-consumer business, we are strategically positioning our Company to more effectively support our growth strategy and increase shareholder value,” Chapek said in a statement announcing the reorganization. “Managing content creation distinct from distribution will allow us to be more effective and nimble in making the content consumers want most, delivered in the way they prefer to consume it.” + +Under Horn and Bergman, the studios segment will focus on creating content for theatrical release, Disney+ and Hulu. Walt Disney Studios, Marvel Studios, Pixar Animation Studios, Walt Disney Animation Studios, Lucasfilm, 20th Century Studios and Searchlight Pictures all fall under their purview. + +Rice’s general entertainment segment includes 20th Television, ABC Signature and Touchstone Television, ABC News, Disney Channels, Freeform, FX and National Geographic. + +As for Pitaro’s sports segment, that will focus on live sports programming, sports news and original and nonscripted sports-related content across ESPN, ESPN+ and ABC. + +Daniel’s media and entertainment distribution group will manage all distribution, operations, sales and advertising across the three content groups. Daniel has spent 14 years with the company in a variety of positions. He helped transform Disney’s Star Wars property into the two Star Wars: Galaxy’s Edge lands in Disney World and Disneyland as well as aided in bringing Toy Story Land, Pixar Pier and Avengers Campus to the parks. + +“Kareem is an exceptionally talented, innovative and forward-looking leader, with a strong track record for developing and implementing successful global content distribution and commercialization strategies,” said Chapek. + +This new structure is effective immediately. The company currently expects to transition its financial reporting to reflect these changes beginning in the first quarter of fiscal 2021. + +Additionally, Disney announced that it will hold a virtual investor day on Dec. 10. + +&nbsp; + +Source - https://www.cnbc.com/2020/10/12/disney-reorganizes-to-focus-on-streaming-direct-to-consumer.html +I am trying to learn as much as possible about real estate investing, and youtube is the easiest way for me to do it. Which channels are the best to learn from? +If you could boil it down to just a handful of things, what would be your must-haves regarding what you would require of your tenants and the lease agreement? + +For example, tenants must make 3x the monthly income. Or perhaps a 1 year min/max lease agreement requirement initially. +Holy fucking polygon on wheels. Let's be honest Elon will never sell meaningful volume on this truck. + +Ford and GM slept fucking good last night after seeing this disaster. + +The Top reasons people buy trucks + +They fucking hunt, do you think a mother fucker dressed in Carhartt would drive this + +They do shit like mudding and driving on dirt roads, Elon stop it + +They need to haul tools and shit for work, nobody and I mean nobody is pulling up on a job site with this fucking thing. + +They pull campers and trailers, you think the lame ass dude pulling a camper arrives at Yogi Bear Park with the family in the Cyber punk truck + +They have a small dick, these fucks want something more flashy, women need to know they have money, a 40k garbage can on wheels won't cut it. + + I showed this truck to my test group of Beckys they thought it was movie prop. I told one of them, imagine we are on a date and the truck breaks down on the way home, lucky for us I got an ATV charging in the back and I can give you a ride home still. She left me on "unread" + +Overall this truck fucks. + +The only use I can think of for this truck is for local shoot outs, the homies can use the flat bed top as a shield. Sadly the windows don't catch bullets right now so put the new guys in the front. + +Edit: Didn't know how polarizing this post was going to be, I had a few good laughs in the comments. Don't be so emotional and have one yourself. That was the purpose +In FTX leaked balance sheet, Serum is marked at USD 2.2 BN. + +It is the biggest holder of wrapped GME + +https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496#balances + +It was created on 25th January 2021, supposedly by SBF. + +Edit: its market cap never exceeded 1.2 BN... + +https://coinmarketcap.com/currencies/serum/ + +Edit 2: other apes found other GME tokens like SRM. See in comments. + +Edit 3: this ape nailed it in advance big time + +https://moass.info/the-long-con-the-markets-are-frothing-with-liquidity-part-2/ + +Edit 4: tokenized shares accepted as collateral by JPMorgan 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 + + +Edit 5: Probably no GME shares were held as collateral for these tokens... + +https://twitter.com/peterrhann1/status/1591880948647624704?s=46&t=XXhO_i2JXxCD51mRAieusQ + +> A linkedin contact delved into the terms of service for FXT Switzerland, noting "owners of tokenized securities will not get compensated in the event of a bankruptcy or be able to convert their token to a real share/basket of real shares". + +Confirmed here: https://www.reddit.com/r/Superstonk/comments/yukf1s/gme_tokenized_stock_it_gets_worse_coinmarketcap/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button +Here's the insert that goes with his present. + +http://imgur.com/a/QxJ7N + +I've rounded out the numbers obviously, but I think it works well to explain to a 14 year old the value of savings. It should spark a conversation with him about it more. + +Both my kids already have educational savings accounts set up for them for college/university, and get regular presents. *Anything else I should add/change about this?* He is also getting other gifts, but this is in my opinion one of the best ones that he probably won't fully appreciate until he's older. + +**edit:** I went away for lunch, came back and this had gone bigger than expected. I am going to adjust the returns to be more realistic after reading the discussion. Some feel I shouldn't make this part of his birthday as he might perceive he's been cheated a gift. He's not that sort of kid, and tends to get gifts for being awesome year round anyway. May post another update in 8-9 hours to report on how it was received. + +**Update Edit:** So the night of fun is over. He's upstairs having a blast with his presents, most happy with his new headset as was expected, and was interested in learning more about his savings present. As was expressed by many different people below, *your mileage may vary depending on the audience*. My 14yr was cool with it luckily. +I’m pretty far along the way to FF and I grew up in poverty. I’ve recently surpassed the million mark and I’m young~ish with a high income. While I have opened up my budget in some ways, I still have a hard time with spending. For example, I love Uber Eats and not having to cook or leave the house but if I want to order a Subway, it’s about $17 total including meal and delivery/tip. That’s hard for me. I get stressed out with smaller expenses still. + + + +If that changed for you, when did it? +EDIT6: from /u/thisisnotameme2020 + +> Note - you may want to post THE EXISTING RULE +https://www.finra.org/rules-guidance/rulebooks/finra-rules/2165 + +> tinfoil hat on: why add the part about "(1) extend a temporary hold on a +disbursement of funds or securities or a transaction in securities for an additional 30- +business days if the member firm has reported the matter to a state regulator or agency or +a court of competent jurisdiction" if you already have the ability to do so based on "exploration" - isn't defacto a report to/investigation/lawsuit a flag to trigger holds in this case? So why add this explicitly? + +> That coupled with the safe harbor as discussed can be troubling tinfoil hat off + +> However, again, this is as written strictly limited to seniors 65+ and legal category of mentally or physically impaired so as to be unable to protect their interest (mentally incompetent in olden days). + + +EDIT5: One of the 10 Ape Commandments is to wait a few hours before jumping to any conclusions. I posted this for groupthink and it seems that it may not be as big a threat as it seems. Fundamentally, shorts have to cover so mass-abuse of this would seemingly only delay the closure of short positions. Additionally, this rule is directed towards seniors and physically/mentally disabled people, with language that might specifically call out what those terms mean and who they apply to. Finally, this is an amendment of an existing rule, which has allowed member firms to put holds on fund withdraws. This provides clarification to those rules, and expands member firm's rights and responsibilities equally regardless of which state they are in. + +But please though, keep digging + +EDIT4: from /u/grogosaur + +> Doesn't matter. + +> Why? + +> No matter what hedge funds throw at us... We BUY and We HODL + +> It doesn't matter if they freeze transactions for a year... + +> SHORTS NEED TO COVER + +> They cannot cover if the shares they need are held by us... They need us to sell... They need our shares... We can't buy any more stocks? Fine. Short ladder it to zero... Still need to buy the stock... Still need to cover short positions... + +> The only way to buy shares, is to create naked shorts, which would create a never ending feedback loop. + +> Buy... Hold... Eat the rich + + +EDIT3: from /u/Slipperhat: + +> I haven't read it fully yet, but there's some language around them having to also notify an assigned person - I think essentially a carer of some sort. So I would imagine it's people who want to trade, or at least have their money in an account that doesn't depreciate like a tracker who also are registered as disabled. I don't particularly like it at all either, but the rule has existed for a while form what I can see and they are just adjusting the time frames + +EDIT2: from /u/Carb0n12: + +> I do want to note, this ruling is targeted at mentally handicapped and seniors. This proposed ruling targets accounts with owners over a certain age or mental capacity designation. I’m still reviewing it, but it looks like 99% of us apes are in the clear for this, so far. + +> Here is the text pertaining to this specified rule: + +> The definition of "specified adult" in Rule 2165 covers those investors who are particularly susceptible to financial exploitation.13 A "specified adult" is (A) a natural person age 65 and older or (B) a natural person age 18 and older who the member reasonably believes has a mental or physical impairment that renders the individual unable to protect his or her own interests. + +> More info on this rule: https://www.finra.org/rules-guidance/notices/17-11 + +> Basically FINRA-2021-16 summarizes who falls under this rule, the restrictions proposed, the rationale, the age range and requirements of this ruling. This proposed (not into effect) ruling won’t apply to 99% of apes more than likely. I hate the idea of them of reverse taking advantage of any apes who fall into this category, however. + +> TLDR: if you’re not old (65+) and/or ACTUALLY designated mentally handicapped / limited, this finra proposed rule change doesn’t apply to you. + +**ORIGINAL POST BELOW** + +FINRA released a new rule (SR-FINRA-2021-061) ([link](https://www.finra.org/sites/default/files/2021-06/sr-finra-2021-016.pdf)) yesterday titled *Proposed Rule Change to Amend Rule 2165 (Financial Exploitation of Specified Adults).* + +At first read, there is a lot of language about protecting old investors from fraud, but the more I read the more vague and open-ended the rule change appears. After a few pages, my tinfoil hat is telling me this could be abused to prevent apes from trading stonks during the peak of a squeeze. Take for instance this language: + +> While some state laws permit placing holds on transactions, FINRA is proposing to amend Rule 2165 to create the first uniform national standard for placing holds on securities transactions related to suspected financial exploitation. Under the safe harbor approach, **a member firm would be permitted, but not required, to place a temporary hold on a transaction when there is a reasonable belief that the customer is being financially exploited**. FINRA recognizes that placing a temporary hold on a transaction is a serious step for a member firm and the affected customer. But FINRA also recognizes that placing a temporary hold on the underlying transaction may prevent significant negative financial consequences for the customer. These negative financial consequences can result even if a temporary hold is placed on any related disbursement of funds out of the customer’s account. + +There are safeguards that are assured to be there to protect customers from abuse of this rule, but the safeguards include things like + +* the customer must be notified within 2 days of the commencement of the hold for the reason of the hold. so, a hold can be placed without the customer knowing for a full 2 days. + +* a full investigation must commence immediately by the member firm placing the hold, but the hold can be placed with "reasonable belief" that a financial exploitation has occurred, has been attempted, or **even if they only believe that the exploitation may occur** + +It would be helpful if any big 🧠🦍 could review + +EDIT1: grammar +They thought they could switch off the buy button, relax a few months and let people get bored and move away so they can unwind their short positions over a few years slowly without bleeding too much cash. + +However the time that they gave us, we spun off our own community from the gambling sub. This community that doesn't glorify gambling, researches decades of market abuse and compiles due diligence that can rival economic textbooks. The community which is under constant peer review, refuting confirmation biases. The community working as a thousand member board scouring through every word every filing our investment releases. The community that has direct registered nearly 60% of the free float away from the hands of street name brokers and into real ownership of securities, the biggest weakness that this ponzi scheme has, ownership. + +Every day before MOASS is hundreds more shares direct registered, more people learning what's going on and investing. More conviction growing for original investors. The risk keeps growing while their books keep bleeding. + +They can't let this squeeze, so when it happens it will be because they had no other choice. + +I have vivid dreams of the squeeze starting and the life changing freedom it will provide at the cost of the worst bet in history. Last night I dreamt this community was hitting millions of members similar to the bets forum in Jan 2021, It still feels real and I'm so jacked for when it happens. + +I trust RC, I trust you all <3 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +>Just as the daily stock price is no indication of the quality of a business, the quarterly profitability of a company like Chewy has no bearing on the terminal value. We consistently chose to defer profitability in the short term in order to maximize shareholder value over the long term. + +This 🪑 gives me such a jacking. + +[Full article by the man himself here.](https://www.cnbc.com/2019/07/26/opinion-chewy-is-no-petscom.html) +I can’t afford buying my own home right now. But with Canadian real estate getting pricier year after year, is there any way to cash in on this via an ETF? +(I hope this is not a dumb question.) +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 💎🙌🦍 +Over the last week and a half, hundreds of you have submitted comment letters on the proposed rule 13f-2 that would require anyone who manages money to disclose their short positions. This proposed rule is good, but it can be much better! That's the entire point of the comment process - make sure that the SEC hears from retail investors, instead of just from hedge funds and big banks. We've counted almost 550 comment letters submitted that are either the [We The Investors](https://we-the-investors.org) letter, or modeled after it. + +**The deadline to comment on these proposals is Tuesday, Nov 1.** + +Yesterday we hosted a [Twitter space](https://t.co/98wzVA5RGY) and Reddit talk to discuss another SEC proposal that was re-opened for comments - 10c-1, which would mandate transparency and disclosure in the stock loan / securities lending market. This would be a huge step forward, and is receiving a TON of pushback from the usual suspects. + +For these rules, we've put up a [website with instructions on how to file a comment letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter), guidance on how to write an effective one, and with a [pre-written letter for 13f-2](https://docs.google.com/document/d/1XTRlWph6ZWWho8aocT-u3HwJERVjM3ZvTbCwuYGIfqk/edit). We've added a guide on that site to the 10c-1 proposal written by /u/tobiasdeml \- we don't have a pre-written letter for 10c-1 but you can use the guide to inform your comment. If you choose to file the pre-written letter, it should only take 5 minutes of your time and I urge you to do so if you agree with its contents. I've linked to the Google Docs version of the letter above, but there's also an [MS Word version](https://assets.website-files.com/619e87e78bd4839a1f4090fa/634981ca446cd718aa38c25c_WTI%20Comment%20Letter%20-%2013f-2.docx). If you just want to grab the letter and send it, the instructions are simple: + +* The subject line must include the File Number. For this proposal, you should use this subject: "Comment Letter for File Number S7-08-22 Short Position and Short Activity Reporting by Institutional Investment Managers" +* Attach your comment letter, preferably as a PDF (alternatives include Word or Text docs). +* Send the email to [rule-comments@sec.gov](mailto:rule-comments@sec.gov). + +Note: For the Google Doc, please don't request edit access. You can download the doc as a Word or PDF doc, or you can go to File / Make a Copy - I can't give edit access to that doc! + +One thing I'd like to address - I've seen a lot of cynicism in the comments of posts about commenting on SEC rule proposals. Personally, I completely understand cynicism around this process. It's a multi-year effort that doesn't usually get the results we want. Part of that is because individual investors haven't been involved in the process in the past, and that has allowed the PFOF brokers and wholesalers to claim to represent the interests of individual investors. I can assure you that when you allow that cynicism to dissuade you from being involved, that is exactly what those firms want - they want to control the conversation with regulators. As /u/JonStewart explained - those firms are counting on you to not have the stamina for this effort. I don't think they understand what they're up against. +You've all seen it before - make 5k a month drop shipping Amazon goods, build a website and make a ton with affiliate marketing, take and sell stock photos, write E Books, etc + +If it's so easy, why isn't everyone doing it? Wouldn't these be saturated markets? + +What's your side hustle? Do you make bank and is it easy to do? +Hey guys, have you heard that: "The Solana Network is currently experiencing degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. This is leading to some failed transactions for users." + +I would like to hear your opinion on this matter. And also ask a question, maybe Solana is not a real "Ethereum killer", since it cannot cope with a large number of transactions, and this title is claimed by, for example, NEAR Protocol which has sharding and is already ready for a heavy load on the network? +Seems that the full episode got dropped early. The full episode is up, watching it now. + +Edit: + +-Great explanation of PFOF. Calls out Citadel, Robinhood, dark pools, Melvin, Ken and all his pent houses. Show clips from that bizarre Economic club of Chicago interview a few months back. + +-Dave is on. and two guys I’ve never heard of. Also Matt Kohors. They refer to him as a “leader in the Ape movement” (gag) + +-Dave sounding smart af. Talking about how unnecessary complexity leads to vulnerability and inequality in the system. How it was done intentionally. + +-Dave says that Redditors identified a flaw in the system, that GME was shorted over the float. Directly says we are right + +-Guy on the panel makes uniformed opinion about how GME/popcorn aren’t trading on fundamentals. Jon and Dave shut him down. (post got taken down for mentioning 🍿). + +-Shitting on MSNBC and Fox + +-Matt Kohors says some stuff, sounded alright. If I didn’t know who he was, I wouldn’t question it. Didn’t reflect poorly on us. + +-Discussion about how market structure will kill us long term. How inflating the stock market is the only politically viable move. Also mention of how pension funds are the ones getting screwed long term. + +**-Cut to Gary and SEC. Blue shirt, no tie.** + +-Jon getting heated in a discussion about corporate influence in the lawmaking process. Jon says the financial institutions effectively write them. Gary defends congressional policy writers, saying he’s worked with lots of them. + +-Jon calls us apes, says we’ve crowdsourced a way to root out corruption. + +-Gary works with the laws congress gives him + +-Gary says he wants to get things done. But lives within the system. Jon wants him to look outside the system. + +-Gary wants to go after high profile cases to set the vibe. going after “gatekeepers” + +-Ends with an intimate call to action from Dave, asking us to write to the SEC. Say that we want change. Also a link to Bettermarkets.org + +🍏 + + +### Final thoughts + +Jon and the show do a good job explaining the situation to a casual audience. They go in to detail about market structure, how we’re getting fucked. They name major villains from the sneeze. How GameStop was shorted over 100%, and even say directly that redditors were right and justified. + +However, they stop just short of following that conclusion to its next logical points. That this thing never fucking ended. That GameStop shorts never covered. That the chain of liability threatens countless financial institutions. That the stock price is still artificially suppressed, and that GME is an obvious BUY. + +There is no mention of GameStops fundamentals or turnaround, Ryan Cohen, or and specific subreddit. Gary didn’t say much that stood out to me. No mention of the Justice Department investigation. + +Overall, this is the highest quality piece of journalism I’ve seen on the topic from a major source. Still wonder why it dropped a day early? +Oh boy I went down a rabbits hole and struck gold today. The 1% are starting to eat each other alive and they are leaving their sloppy scraps out for everyone to see so join me for a little story time. + +&#x200B; + +Some of you may have seen the release from the SEC today 5/25/22. + +&#x200B; + +[https:\/\/www.sec.gov\/news\/press-release\/2022-90](https://preview.redd.it/rv7cm00w8n191.jpg?width=585&format=pjpg&auto=webp&s=30036b92389aece7af6c64b8a3618eaf6204b973) + +Image taken from the complaint + +&#x200B; + +[https:\/\/www.sec.gov\/litigation\/complaints\/2022\/comp-pr2022-90.pdf](https://preview.redd.it/xb1goifn9n191.jpg?width=821&format=pjpg&auto=webp&s=73dc2dd02a51df87306b102b4dbcbac31e3b46f5) + +&#x200B; + +Ok great - so this Middlebrooks guy stole $39,000,000 from 100 rich suckers right? Who cares? Well, my curious ass does. + +&#x200B; + +[Middlebrooks btw](https://preview.redd.it/hz532p30bn191.jpg?width=785&format=pjpg&auto=webp&s=3d9158367bffcecb368cc94edabf8abbcf48804b) + +Let's check these guys out and see what their all about. The first thing you'll notice when going to Middlebrook's website is that they earn a LOT of awards... I mean... Well this image is taken from their homepage. + +&#x200B; + +[https:\/\/eiaalphapartners.com\/ ](https://preview.redd.it/7assn9gsbn191.jpg?width=1053&format=pjpg&auto=webp&s=35faf66c0252fc9973fc3a5140013375bd8c544b) + +So I haven't even left the homepage and I have more questions considering the fact that the SEC LITERALLY just shut them down with an asset freeze. + +If this fund is misappropriating and misusing funds... how are they earning all these awards? + +Is the company that issues these awards real? + +What do they do? + +Well I've never heard of them but here's a screenshot of their "Who We Are". + +&#x200B; + +[https:\/\/www.preqin.com\/about\/who-we-are](https://preview.redd.it/taudv6lden191.jpg?width=908&format=pjpg&auto=webp&s=cbef97372b5968979b2943f0f4dbf332315c45d3) + +Uh huh... + +So what are these "rigorous methods of collecting data" then? How is this highly coveted and awarded hedge fund getting shut down for misappropriating funds while at the same time earning #1 in Net Returns and such? + +Well if you go to the relevant section of their website, the answer smacks you right in the face. + +&#x200B; + +[https:\/\/www.preqin.com\/data\/hedge-funds](https://preview.redd.it/1lhwdmx9fn191.jpg?width=1528&format=pjpg&auto=webp&s=038c5a0df20dbbd8de698ca909828c0b0c9b832b) + +"Because one-to-one conversations form the backbone of our data collection" + +Who needs factual and officially submitted data when we can you know... just ask them? + +That's right folks. All you need to earn a shiny new award from Preqin is to just tell them you earned it. Apparently they don't bother to check. + +So who runs a ship like this? I've never heard of this company before, who is the Founder and CEO? + +&#x200B; + +Well that would be the reason you're all here. + +&#x200B; + +[https:\/\/www.preqin.com\/about\/leadership\/board-of-directors](https://preview.redd.it/104jlhtmfn191.jpg?width=1802&format=pjpg&auto=webp&s=d79ad09f9ecee7efe53287d752d11c9f3eb4622a) + +This all suddenly makes so much sense. + +Who else would give fake awards to criminal hedge funds? + +Well that would be the BOSTON CONSULTING GROUP. + +/end + +&#x200B; + +BONUS UPDATE - + +Middlebrooks got his START working in the office of Congresswoman Ann Wagner at the House Financial Services Committee. + +https://preview.redd.it/whcuzb2zvp191.jpg?width=1415&format=pjpg&auto=webp&s=42833ffbe2f3a3e0f0f8125e424a1f0d3a185759 + +UPDATE 2 - I have published this story to both Medium and Substack. + +[https://itsmeaaron.substack.com/p/the-6-degrees-of-boston-consulting?s=w](https://itsmeaaron.substack.com/p/the-6-degrees-of-boston-consulting?s=w) + +[https://medium.com/@Itstheaaron/the-6-degrees-of-boston-consulting-group-2e30443d177a](https://medium.com/@Itstheaaron/the-6-degrees-of-boston-consulting-group-2e30443d177a) + +&#x200B; +Mods - please delete if not appropriate. I may be just feeling contemplative, or it could be the 3rd drink, but I was wondering what is the average yearly burn rate in this group. + +For me, married 1 kid, MCOL it’s about 550-600k not counting taxes. We live a nice, comfortable life but not one I would consider extravagant. + +What is your burn rate to live the life you want and what does it comprise of? + +I am also happy to breakdown my birn rate if you would like. + +Not looking for ideas on how to cut my spending etc - just genuinely curious + +As asked here is our rough breakdown + +House (mortgage/taxes/insurance) - 160k + +House maintenance (utilities, pool, landscaping- 70k + +House break/fix (something always breaks) - 25K + +Kid (tuition, after school activities) - 50k + +Cars - 42k (one lease and one financed - will go down to 18k once financing is paid off) + +These costs are basically fixed and come to ~350K / the rest of the spending is variable + +Nanny/help - 10k + +Shopping (clothes, gadgets, gifts, wine, house shit) 70k + +Restaurants/entertainment- 50k + +Gym/health - 10k + +Donations - 30-50k + +Vacations - 60k + +That has been our spend over the last couple of years +Overall NW is about \~$10m and TSLA currently represents \~35% of my NW. I plan to work for about 5-7 more years to hit my FATFire number. + +I bought some Tesla stock in 2016. At that time, it was about 3-4% of my new worth. Fast forward to 2022, Tesla stock has grown \~20-30x+ and now represents \~35% of my NW. All the stock is held in a regular brokerage account, so if we sell, I will pay LTCG tax + 10% or so CA state tax + +I want to diversify to make ensure some stability as I get closer to FATFire. How do I do that without incurring a huge tax bill? +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or** [**inflation**](https://imgur.com/gallery/3rduvh3) **(hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a Sword of Damocles that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +# [Part One: The Global Monetary System- “A New Rome” < ](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +# [Part Two: Derivatives, Systemic Risk, & Nitroglycerin- “The Ouroboros” < ](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) + +# [Part Three: Banks, Debt Cycles & Avalanches- “The Money Machine” <](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) + +# Part Four: Financial Gravity & the Fed’s Dilemma- “At World’s End” < (YOU ARE HERE) + +# If you haven’t already, PLEASE go back and read Parts 1-3. We’ll be referring heavily to concepts like Triffin’s Dilemma, Derivative Feedback loops, and Debt Supercycles throughout Part 4. I want to make sure everyone is on the same page as we delve into Part 4, the largest and most comprehensive section yet. + +&#x200B; + +# Also Please Check out [Part 4.0](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) and [Part 4.1](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) before continuing. + +&#x200B; + +# + +# PART 4.2 “Financial Gravity” + +&#x200B; + +# The Panic of 1907 and the Creature from Jekyll Island + +As the industrial economy expanded following the Civil War, the weaknesses of the nation’s fractional reserve banking system became more serious. Bank panics or “runs” occurred regularly. Many banks did not keep enough cash on hand to meet customer needs during these periods of heavy demand, and were forced to shut down. + +News of one bank running out of cash would often cause a panic at other banks, as worried customers rushed to withdraw money before their bank failed. If a large number of banks were unable to meet the sudden demand for cash, it would sometimes trigger a massive series of bank failures. **In 1907, a particularly severe panic ended only when a private individual, the financier J.P. Morgan, used his personal wealth to arrange emergency loans for banks.** + +The Bank Panic of 1907 occurred during a six-week stretch, starting in October 1907. In the years leading up to the Panic, the U.S. Treasury, led by Secretary Leslie Shaw, engaged in large-scale purchases of government bonds and eliminated requirements that banks hold reserves against their government deposits. This fueled the expansion of the supply of money and credit throughout the country and an increase in stock market speculation, which would eventually precipitate the Panic of 1907. (Credit Bubble as discussed in Part 3). + +The role of New York City trust companies played a critical factor in the Panic of 1907. Trust companies were state-chartered intermediaries that competed with other financial institutions. That said, trusts were not a main part of the settlement system and also had a low volume of check-clearing relative to banks. + +Consequently, trusts at the time had a low cash-to-deposit ratio relative to national banks—the average trust would have a 5% cash-to-deposit ratio versus 25% for national banks. **Since trust-company deposit accounts were demandable in cash, trusts were at risk for runs on deposits just like other financial institutions.** + +The specific trigger was the bankruptcy of two minor brokerage firms. A failed attempt by speculators Fritz Augustus Heinze and Charles W. Morse to buy up shares of a copper mining firm (using huge margin loans to buy the shares) resulted in a run on investment banks that were associated with them and had financed their speculative attempt to corner the copper market. + +This loss of confidence triggered a run on the trust companies that continued to worsen even as banks stabilized. The most prominent trust company to fall was Knickerbocker Trust, which had previously dealt with Heinze. Knickerbocker, New York City's third-largest trust, was refused a loan by banking magnate J..P Morgan and was unable to withstand the run of redemptions and failed in late October. + +&#x200B; + +https://preview.redd.it/owqh9o8349u71.png?width=1245&format=png&auto=webp&s=a305bb5b147d82b039812fc8e9089fb3e2d2f551 + +This undermined the public's confidence in the financial industry in general and accelerated the ongoing bank runs. Initially, the panic was centered in New York City but it eventually spread to other economic centers across America. **In many ways, this crisis forebodes the 2008 financial crisis which began with similar circumstances (overleveraged institutions, financial speculation, shadow banks) and had similar results (collapse of financial institutions, emergency programs to save the system).** + +In an attempt to head off the ensuing series of bank failures, Morgan, along with John D. Rockefeller and Treasury Secretary George Cortelyou, provided liquidity in the form of tens of millions of loans and bank deposits to several New York banks and trusts. + +In the following days, JP Morgan would strongarm the New York Banks to provide loans to stock brokerages to maintain stock market liquidity and prevent the closure of the New York Stock Exchange (NYSE). He later also organized the Tennessee Coal, Iron, and Railroad Company (TC&I) buyout by Morgan-owned U.S. Steel to bail out one of the largest brokerages, which had borrowed heavily using TC&I stock collateral. + +A spike in the interest rate on overnight collateral loans, provided by the NYSE, was one of the first signals that trouble was brewing. Specifically, annualized rates spiked from 9.5% to a whopping 70% on the very same day that the Knickerbocker shut down. Two days later, it was at 100%. + +&#x200B; + +https://preview.redd.it/ncmn0hg449u71.jpg?width=600&format=pjpg&auto=webp&s=16725832915d7ee283051594bf68bfd0e583b37a + +The NYSE managed to stay open mainly because of J.P. Morgan, who obtained cash from established financial institutions and industrial behemoths. Morgan then provided it directly to brokers who were willing to take on loans. + +After a hold-up of several days, the New York Clearing House Committee got together and developed a panel to promote the insurance of clearinghouse loan certificates. They provided a short-term boost in liquidity and also represented an early version of the window loans provided by the Federal Reserve. + +The 1907 financial panic fueled a reform movement. Many Americans had become convinced that the nation needed a central bank to oversee the nation’s money supply and provide an “elastic” currency that could expand and contract in response to fluctuations in the economy’s demand for money and credit. Others did not agree and saw this as a back-door attempt to continually save corrupted banks. + +It was clear that a shrewd financier like JP Morgan would not be around forever- bankers grew extremely worried about the next financial crisis. They began to lobby Congress to create a “permanent” solution to bank runs. After several years of negotiation and discussion, Congress established the Federal Reserve System on December 23rd, 1913. + +&#x200B; + +https://preview.redd.it/yhsyfeo549u71.png?width=685&format=png&auto=webp&s=11e1c39946e4c24ee8c613e4332c011621d67777 + +Under a fractional reserve banking system, no bank has enough cash on hand to give out during redemptions. Money deposited in a bank account is very quickly lent out again, with only a fraction (say 10%) being kept on hand to handle withdrawals. + +As a run on one bank would ensue, the web of financial obligations that tied the banks together would start pulling other banks down with it. Any loans owed by the bank in crisis would immediately start to be downgraded, and the creditor banks, even if healthy, would see the value of their assets fall as the market started pricing in the default of the collapsing bank. + +What was seen in the crisis of 1907 was not only a credit collapse, but a collapse of confidence- the entire banking system was thrown into question, as depositors did not know which bank is solvent and which was not. Similar to the Prisoners Dilemma, individual depositors, knowing even though leaving the money in the banks would make the system as a whole much safer, took the conservative route and pulled as much money out as they could. + +What the banks needed at this time were cash loans- but at the very moment they most desperately needed it, the loans were not available as other banks faced runs as well. Thus, the Fed was created as a “Lender of Last Resort”- it could create bank reserves out of thin air and lend them to banks in order to ensure their solvency. + +&#x200B; + +https://preview.redd.it/x0m2vl7749u71.png?width=464&format=png&auto=webp&s=2086ec0c9c1ecb4dbf3cefc54a672863889d815c + +Many were infuriated by the creation of the Federal Reserve, which they viewed as a perpetual savior to Wall Street and a breeding ground for “[Moral Hazard](https://en.wikipedia.org/wiki/Moral_hazard)”, an Economics term used to describe a situation that occurs when an entity has an incentive to increase its exposure to risk because it does not bear the full costs of that risk. For example, when a corporation is insured, it may take on higher risk knowing that its insurance will pay the associated costs. + +With time, their predictions would prove to be correct. With every financial crisis, the Fed’s power has grown, so much so that the institution would not be recognizable today to those who first founded it in the Winter of 1913. + +The Fed’s role was inalterably changed during the 1930’s when the U.S. faced its worst banking crisis in history. Coming at the cusp of a major credit downturn combined with a speculative bubble (that it had helped create), the Great Depression saw the collapse of over 10,000 bank and non-bank entities, including shadow banks such as trusts. The Fed did not respond adequately to this crisis; many monetary economists, including Milton Friedman, blame the Fed for not lowering interest rates or lending to failing banks. + +**Remember from our discussion in Part 3, in our current fractional reserve banking system, most money in the system (\~95%) is actually credit.** So, when companies/banks/individuals default, the loans are written down, and money is actually destroyed- it is deleted from the ledgers of banks. This is the nasty dual sword of credit- it gives (creates money) in good times, leading to increased revenues, asset values increasing, business growth, employment, etc- BUT, every dollar lent out has to be repaid. These dollars need to be paid back as the economy starts to roll over, and when they aren’t, the money they constituted is eliminated from the system. M3 Money Supply fell an estimated 30% during the Great Depression. (The Fed mysteriously stopped tracking M3 Money Supply in the early days of the Great Financial Crisis). + +Thus, the widespread collapse in prices (deflation) that began in 1929 on Black Monday was not just due to overleveraged speculators on the stock market- if that were the case, it would have just been a equity bear market and perhaps a mild recession (like the 2000 Tech Bubble, where DotCom stocks fell 80%, but the general economy pulled back only slightly). + +**The continued spiraling drop in prices of everything, from homes, to bread, to oil- was a result of the actual destruction of money that was occurring in the banking system. As credit was destroyed, money was as well- and with fewer dollars chasing the same goods, the dollars became more valuable, and thus it required fewer of them to purchase real goods.** + +Add onto that the hoarding of cash, which reduced money velocity, and prices fell even further. Businesses that were overleveraged were the first to default, but as prices continued to fall and revenues collapsed, even good businesses with sturdy credit could not find willing lenders. No one was willing to lend for fear of default. + +Thus, in 1933, the Federal Deposit Insurance Corporation (FDIC) was created, which insured all deposits of U.S. Commercial Banks up to a limit (now $250k, and now has expanded to include far more than bank deposits). Further, the Fed’s powers were expanded substantially. It had seen small trials of the Open Market Operations in 1907 and again in 1923, and in 1933 took this strategy under its wings, although it did not use it to its full effect as it would in 2008. + +Open market operations (OMO) refers to the practice of buying and selling U.S. Treasury securities, along with other securities, on the open market in order to regulate the supply of money that is on reserve in U.S. banks. This supply is what's available to loan out to businesses and consumers. The Fed purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money. + +**The Fed can thus influence the Price (interest rates) and Quantity (**[**M2 Money Supply**](https://fred.stlouisfed.org/series/M2NS)**) of Money itself- and by doing so, indirectly affect the prices of everything else in an economy.** + +Again, this practice was originally limited to only U.S. Treasuries, but it would be expanded in future crises to include Mortgage Backed Securities (MBS, 2008), and Corporate Bond ETFs (2020). + +During the latter part of the 1930’s, as part of their bid to widen the powers of the Fed, Federal Reserve Governors adopted the “mandate” of ensuring full employment (or as close to it as they can muster), in a bid to shift the overall strategy from solely bank lending to a more holistic monetary policy view. During the inflationary 1970’s, Congress added new stipulations to the Federal Reserve Act of 1913, so that now the Fed aims to follow their Dual Mandate of Price Stability and Full Employment. + +In the aftermath of the Great Depression, many monetary scholars envisioned a re-imagined Federal Reserve. The Fed, they argued, should work to eliminate the business cycles all together. Economic cycles have existed for millennia- the Kondratieff Cycle, for example, is an 80 year economic supercycle borne out of technological innovation. Credit cycles have been observed for hundreds of years, and consistently caused spurs in economic growth followed by subsequent recession. + +&#x200B; + +https://preview.redd.it/n7kx9gaa49u71.png?width=1448&format=png&auto=webp&s=6c0f2ca45f0f59787b2eaadd106189e6fc336584 + +The business cycle is an upwards trending sine wave, where credit creation fuels economic expansion for a time, and then the economy begins to roll over, and all these debts become due, and thus a recession/depression occurs. The cycle has been seen in countries as different as Japan, Afghanistan, the U.S., China, and Brazil- and has even been observed in biblical times (debt Jubilees, Leviticus 25) as well as ancient Egypt, Rome, and Mesopotamia. + +&#x200B; + +# Financial Gravity and the Event Horizon + +Economics is a social science- it is a blend of both humanities (sociology, psychology) and hard sciences (science, math, statistics). That being said, there are fundamental laws that govern economic systems wherever they prop up. In my personal life, my father has a PhD in Atmospheric Science- he was fascinated by how ice crystals and condensation are formed in clouds, and traveled the world (Chile, Antarctica, Canada) studying cloud physics. As a boy and basically an only child, he instilled a love of science in me- and I still view many things through that prism. + +When I explain economic concepts to him, I like to use physics metaphors to get the point across, because this is the world he understands. To me, Debt is a form of financial mass. + +One of the emergent properties of mass is gravity, as described by [Newton’s equation](https://en.wikipedia.org/wiki/Newton%27s_law_of_universal_gravitation). The mathematical formula for gravitational force is + +&#x200B; + +https://preview.redd.it/cq0asr7i49u71.png?width=714&format=png&auto=webp&s=341dc11737206ed63b07bc7ae0200269076a162d + +The more mass an object has, the greater its gravitational pull, (multiplied by the gravitational constant, G). The distance between two objects in space is represented by r. The gravitational force gets weaker by the square of the distance between two masses. + +**Debt is very much the same. At first, when debt is added onto an economy, it stimulates growth, as it creates new credit for businesses to access to build factories, train workers, construct buildings, etc. But, as the debt continues to grow, so do the interest payments- at some point, the debt load is too heavy, and the mass of the economy causes it to fall into itself in a credit contraction- leading to defaults and deflation.** + +Let’s say you own a company making net income of $100M a year. With a debt load of $1B and an interest rate of 7%, you have to pay $70M a year in interest alone just to keep the creditors off your back. If for some reason the company’s income falls to $50M, or interest rates rise, say to 11%- **then you can’t pay your debt. The math doesn't add up.** + +**The reason why debt cycles exist is as fundamental as the laws of physics; when an entity can’t pay its debts, or even cover the interest on the debt- what happens? It defaults. This isn’t a machination of political pundits, or econ professors, or conspiracy theorists- it is simply a law of math.** + +**When this happens across an entire sector, that's when you get deflation, credit contraction, and a downturn in the business cycle.** + +**If an entity can’t pay back their loans, they default- who would want to lend money to an entity that can never pay them back, a la Evergrande? No one.** + +**This is why I compare some economic laws (such as debt) to those of physics- both systems are ruled by math, the fundamental law of the universe.** (NOT ALL Economic laws- MANY economic laws are more complex/nuanced or based on human behavior, which doesn't follow perfect logical rules like math does). + +**Finance at it’s heart is about numbers, math- and the math doesn't lie. When the numbers don’t add up, and you have more liabilities than you can ever pay back, you default (Lehman Brothers and Bear Stearns, AIG, etc).** + +“But wait!” You say. “Governments issue debt in their own currency, which they print. Thus they can never default! Problem solved!” **Potato, potahto. If they print money to stave off the default, they only devalue their currency- thus, they don’t default in nominal terms (they DO pay back your $1,000 Treasury Bond) but in real terms (that $1,000 buys less stuff due to inflation).** + +Back to the business cycle- wherever the cycle peaks above the grey dotted line, this is called a positive output gap, and when it is below the line, it is a negative output gap. Post Great Depression, the Fed began to take responsibility for trying to control the business cycle, as they had just seen how destructive a credit bust could be. + +&#x200B; + +https://preview.redd.it/oagmeddj49u71.png?width=900&format=png&auto=webp&s=b2ff4ca2f0afba1d989face4f3f2634ce833796b + +Thus, the Fed decided to take on a role of “regulating” the cycle. **It would do this by lowering interest rates and easing monetary conditions during a recession, spurring borrowing and lessening the rates of default, to make sure companies can continue to hire and train workers as needed.** + +**During economic booms, they would tighten monetary policy, to prevent the economy from “overheating” by increasing interest rates, thereby tightening monetary conditions and preventing excessive speculation and overleveraging.** + +They also do this to get interest rates high enough so that they can drop them once again during a crisis, as interest rate policy is one of their most critical tools. (An overheating economy sees excessive credit growth, which often creates inflation- this is why inflation tends to peak before a recession. Just as many have pointed out in this sub, the last time inflation was above 5% was right before the Great Financial Crisis of ‘08) + +Don’t believe me? Look at their own tracking of the [Federal Funds Rate](https://fred.stlouisfed.org/series/FEDFUNDS), the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. (the shaded areas indicate a recession) + +&#x200B; + +https://preview.redd.it/7me1w8al49u71.png?width=2848&format=png&auto=webp&s=105907aa22778bd6c064eb0a98abf4fbdf4aa9da + +After every recession begins, they drop interest rates down to mitigate the hit of the downturn. As the economy improves, they are able to raise them back up again. It's a near perfect lagging indicator of a recession. + +How long do they keep interest rates down once they are in a recession? No one really knows. **The Fed is perpetually caught in a catch-22; if they raise interest rates too soon during a recession, they worsen it or cause a depression.** + +**But, if they keep interest rates low to spur an upturn in the credit cycle (bubble in this case), then they are sowing the seeds for the next crash, as the debt created on the way up must be paid back on the way back down.** + +**When the economy is booming, if they raise interest rates too fast), then they cause debt payments to spike, which means defaults occur, and the economy starts to roll over.** + +There is no real escape from this conundrum. **As you can see, the Fed has been fighting it for the better part of a century to no avail- it keeps reacting to crises in hindsight, never understanding that many times, it is also the one that caused it-** Just like a firefighter coming to put out a fire he set an hour before. + +Each bubble bursting must be met with the Fed creating a bigger bubble. 1990 sees a mild recession? Time to lower interest rates and (“accidentally”) spur the Tech Bubble. That bursts in 2000? Time to lower interest rates and start a housing bubble. That collapses? Start an Everything Bubble in 2009. Rinse and repeat. (Again, cycle every 8-10 years- March 2020 anyone?) (I’m oversimplifying, there are many other factors that contributed to these bubbles, but low interest rates just adds fuel to the fire). + +**This process continually creates more debt, more inflated assets, and more risk in the system. Look at the chart above- you’ll notice that the troughs (low interest) get larger and deeper, and the peaks get shorter- with each crisis, they are able to raise the rate to a lower level than before, and have to drop it to a deeper level than before, to get themselves out of it.** + +Pre 1990, the Fed Funds Rate was at 9.5%. In 2000 it hit a cycle high of 6.5%. Pre 2008 it barely got above 5%, then it was pinned to near zero post Great Financial Crisis until Yellen finally decided to start hiking in late 2015, but even then it took four years to get to a measly 2.4%, and even that could be held for only a couple months. + +Why do they keep lowering interest rates, and keeping them lower than before? Simple, just look at a chart of [Public Debt to GDP](https://fred.stlouisfed.org/series/GFDEGDQ188S) for the United States. As the Fed has continued with this game, debt as a percent of GDP has continually increased, from a starting point of 30% in 1981 to 127% where we sit today. Ever increasing levels of debt means the Federal Government will go bankrupt if interest rates stay at historic norms (6-8%), so the Fed has worked to suppress interest rates to keep the Treasury solvent. + +&#x200B; + +https://preview.redd.it/2ndracwo49u71.png?width=1903&format=png&auto=webp&s=c22407597a64f9538014fb2a09e99ba7cdf25154 + +**The Fed, with this trend of lower and lower interest rates in their vain attempt to kill the credit cycle, have created a financial black hole- the more they lower rates to get out and stave off default, the more debt is created, piling on more and more mass. This pushes interest rates even lower, which creates more loan demand, and thus more debt, in a devastating feedback loop.** + +**This game will continue until the whole thing collapses under the weight of it’s own gravity. That, or they burn their way out with inflation. (Guess which path they’re currently choosing).** + +**There has been much discussion of a taper, that the Fed will stop printing money to buy securities, and will raise interest rates to “fight inflation”. To me, anyone who believes they will accomplish this is being foolish.** + +**The Fed could barely get interest rates above 2.4% in late 2018/early 2019 before the stock market began to fall into bear market territory and the repo market blew up in September 2019. What makes them think they could get interest rates high enough to matter to fight inflation (above 7%) with Debt to GDP 30% higher than it was in 2019?** + +**See below for a brief overview of all the Fed “Tapers”.** + +**Each time they begin this program, the markets react violently. Addicted to the heroin of easy money and low interest rates, the prisoners of this system (the banks and the US Treasury itself) are up to their eyeballs in debt, and any attempt to offload that debt is vehemently opposed. (**[**See this article**](https://www.reuters.com/article/us-usa-fed-2013-timeline/key-events-for-the-fed-in-2013-the-year-of-the-taper-tantrum-idUSKCN1P52A8) **for a timeline of the 2013 Taper Tantrum).** + +**Disconnecting the Fed’s liquidity hose results in immediate withdrawal, and must be put back quickly if the Fed wants to avoid a full blown deleveraging event (deflationary spiral). The prisoners demand ever increasing liquidity, more and more QE, and tapers (pull backs in money printing) become ever shorter and fewer.** + +**The inmates are running the asylum.** + +&#x200B; + +https://preview.redd.it/xnol7m5s49u71.jpg?width=1200&format=pjpg&auto=webp&s=69008c6102770900fecc8408fe3b41a07d172157 + +Bernanke assured everyone during the Financial Crisis that Quantitative Easing “would be temporary, and the tapers would be permanent”. **It appears the opposite is true- QE is permanent, and the tapers are temporary. They can only taper for a little while until something else blows up and they are forced to start printing again.** + +**Much like a black hole, in many ways we cannot directly observe the phenomenon, but we can see it’s effects on what surrounds it. The Financial Gravity the Fed has created by incentivizing ever more borrowing has caused more and more distortions in financial markets, pumping junk bonds to absurdly high levels and creating shortages in others (Treasuries, like the Reverse Repo Facility-** [**See my DD here**](https://www.reddit.com/r/Superstonk/comments/oxsde3/major_signals_are_flashing_code_red_in_the_shadow/)**)** + +**The weight of the debt is pulling the economy and markets down, but with constant money printing the Fed hopes to stave off disaster. Much like a Black Hole however, the process is exponential, and the longer the Fed keeps interest rates at the zero bound, the harder it will be to escape and the more money they’ll have to print to get out.** + +**For those of us who follow economics/monetary policy, this exact scenario played out in 2018- the Fed stopped QE, and started tightening/tapering, aka reducing it's balance sheet. (l**[**ook up Fed Balance sheet on FRED**](https://fred.stlouisfed.org/series/WALCL)**). The markets, a month later, started nosediving. I was actually on Wall St at the time coincidentally (doing interviews, and touring the banks for job offers- never worked there).** + +I talked to a lot of analysts, they all said that this turbulence was bad, with no more Fed support (QE) the markets were due for a correction, etc. but they also confidently said that the Fed would change its mind and start QE again once things got bad enough. The taper, they said, would not last forever. The markets would make the Fed blink. Sure enough, they were right. + +&#x200B; + +https://preview.redd.it/9dd2kldu49u71.png?width=1068&format=png&auto=webp&s=349e4b6d752de43e0e5b048e6c71667ddea50c7e + +From August to mid December, major equity indexes dropped 20%, putting them in a technical bear market. I was there in late October, and pretty much every day saw heavy selling. December got even worse, and as the selling continued, worry began to spread across financial markets. + +Powell stuck to his guns and insisted the balance sheet reduction would continue barring another financial crisis. [Here’s a quote from an article on December 19th, 2018.](https://www.yahoo.com/now/powell-said-seems-troubling-markets-181403220.html) + +“Minutes into his press conference on December 19, Powell was asked if the Fed is looking into altering its strategy of undoing quantitative easing by allowing its massive holdings of Treasuries and mortgage-backed securities to mature off the balance sheet. + +“I think that the runoff (reduction) of the balance sheet has been smooth and has served its purpose and I don’t see us changing that,” Powell said, adding that interest rates would continue to be the “active tool of monetary policy.” When Janet Yellen kicked off the unwind process at the end of 2017, the Fed outlined its intention to let the roll-off occur on “auto-pilot” with no promise of reverting back to quantitative easing — unless there were a [“sufficient”](https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20170920.pdf) negative shock to the economy.” + +Dec 24th, 2018 saw a big drop in the markets, a 400 point loss in the Dow, marking the third Friday in a row of red days in the markets. ([See article below](https://www.cnbc.com/2018/12/24/by-the-numbers-sp-500-falls-into-bear-market.html)). + +Again, this entire bear market occurred without an external economic shock or a default by a major US bank- it was purely driven by the fear that the Fed would not restart QE and the Taper would continue. + +&#x200B; + +https://preview.redd.it/pm83o3dy49u71.png?width=1812&format=png&auto=webp&s=2b76a990b2f52d890fa19e2e0b1bd86736ac70aa + +Not even two weeks later, everything changed. The Fed Chairman, Jerome Powell, came out and recanted his earlier statement of a tapering program “on autopilot”. He said they'd stop tapering soon, and may even begin QE again after they'd "re examined the situation". Markets rebounded, and after QE began again, they started rallying hard. ([CNBC Jan 14th, 2019](https://www.cnbc.com/2019/01/04/fed-chief-powell-just-walked-back-his-autopilot-remark-and-the-financial-markets-love-it.html)) + +&#x200B; + +https://preview.redd.it/cbpp2q5059u71.png?width=970&format=png&auto=webp&s=d7d3f67cbb440939498faf80caa897f8007fed9a + +(Yes, I know the Fed did not immediately restart QE in Jan 2019, but they signaled an end to the taper program and that they would be "open to restarting QE if the conditions warrant it". This was enough to soothe markets into rallying back to ATHs. They began QE again in September 2019) + +Many market observers did not understand the implications of what just happened. What many others grasped, and what I was beginning to suspect, was that this series of events was a major signpost that something was seriously wrong in equity markets. + +**The markets were completely dependent on Fed liquidity, and the Fed had blown a bubble in literally every single asset class in the financial markets- this bubble was able to be maintained only through constant (and growing) QE, and any taper of these injections resulted in immediate collapse of the bubble.** + +**December 2018 demonstrated that the removal of that liquidity injection (heroin) that the markets were addicted to resulted in rapid downward re-pricing of financial assets. The “wealth effect” the Fed had created was nothing more than an illusion.** + +Something had changed since 2008. Although the NBER (National Bureau of Economic Research) claimed that we had only experienced a recession, if we use their original terminology we actually had been through a depression. Depressions were originally defined as prolonged periods of economic underperformance, which by all indications we were experiencing. GDP nominally was rising, but much of that could be attributed to increased government spending (component of GDP) and inflation (raw GDP is not adjusted for inflation). + +**NBER estimates we underperformed GDP potential by around $8.2 Trillion in real growth since ‘08, which would have mostly gone to middle and working class workers in the form of wages. (see** [**here**](https://groundworkcollaborative.org/wp-content/uploads/2021/04/GroundworkCollab_RoomToRoom_r4.pdf) **and** [**here**](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5959048/)**).** + +**Although there were no more bank failures after the fall of ‘08, unemployment spread throughout the economy, growth slowed to a standstill, and many left the workforce altogether. As we covered in Part 3, if we divide the performance of the S&P 500 by the Fed’s Balance Sheet since the GFC, the LINE IS FLAT. This means that there has been basically NO REAL growth in stock prices since 2008- with the only rise in prices due to money printing.** + +&#x200B; + +https://preview.redd.it/al4eze0259u71.png?width=2480&format=png&auto=webp&s=7fd9dccdaf8b522f171d49e2359c5098fda01d85 + +**The correlation coefficient between central bank quantitative easing and the price of stock indexes is nearly 1. The money printed by the Fed, because of the structure of the Open Market Operations, is plugged directly into the Treasury markets, and from there, flows into equities and derivatives. This has served to primarily enrich the asset owners, financial institutions, and wealthy elites who own the majority of the stock market anyways.** + +**The entire rally has been an illusion, financed by the Fed and maintained through QE. In the black expanse of space, many things are not what they seem.** + +&#x200B; + +&#x200B; + +# Smoothbrain Overview + +* **In 1907, a major banking crisis broke out across the United States when overleveraged investment trusts saw their clients default on margin loans. This spurred a general bank run.** +* **Hoping to prevent future panics, Congress created the Federal Reserve, the Lender of Last Resort to all US Commercial Banks (later they would lend to Hedge Funds like LTCM, Investment Banks, and even Insurance Companies)** +* **With each subsequent economic crisis, the role and power of the Fed has grown. Now it commands monetary policy for the World Reserve Currency (USD) and can thus indirectly influence every major global asset market.** +* **The Fed has resolved to reply to every recession with a drop in interest rates to spur credit growth. What this does unfortunately is build up massive amounts of debt over time.** +* **By doing so, they have created a Black Hole for themselves which they are desperately trying to escape (this is why they are set on tapering)** +* **Each dollar of debt that is created puts more strain on the system, as interest rates need to be ever lower to prevent widespread default. Thus the Fed has to move interest rates lower and lower, which incentivizes more debt.** +* **Tapering the balance sheet will quickly result in massive corrections in asset markets as we saw in the fall of 2018. If they chose this route, I expect they will have to reverse course in under a year.** +* **This feedback loop has resulted in interest rates pushing the zero-bound, and will soon be (if not already) in negative territory. To inflate away the debt, the Fed will have to push them even farther down (in real terms)** +* **This results in the ultimate dilemma- to save currencies or save bonds. Ultimately, the Fed will soon have to decide which choice to make.** + +&#x200B; + +&#x200B; + +# Conclusion + +The Fed is now trapped in a Black Hole of it’s own design. Continually crushed by the weight of the financial debt, the economy and markets themselves keep contracting inwards towards collapse. 2008 was a foreshadowing of what was to come- and in 2018, the system was beginning to unravel again. The Fed, desperate to prevent this, persists in heaping more and more liquidity and debt onto the system, desperately praying that there will be a way out. + +&#x200B; + +https://preview.redd.it/2zq67jz459u71.jpg?width=3000&format=pjpg&auto=webp&s=05b758df1f70aa3e15d68c5bc4875cad63c4cb24 + +**Each crisis requires exponentially more stimulus to be used to fight it- $100 Billion for the Tech Bubble. $2.2 Trillion for 2008. $4.1 Trillion (and climbing) for March 2020. The Fed is running out of time.** + +**They will almost undoubtedly try to Taper to escape. Even if they try this, it will fail in time, causing a rapid collapse in asset prices. When it does, they will have to turn back the liquidity hose even more than before, as they try to escape the event horizon, “the point of no return” where not even light itself can run fast enough to flee the massive gravitational pull of the black hole.** + +**What they do not grasp yet is that they have already crossed the event horizon. Only hard choices lie ahead - the only thing on their mind will be avoiding another Great Depression, but to do this they will have to print trillions more.** + +**This will only accelerate worsening inflation, and unleash devastating feedback loops that lurk under the surface of our economy. Many a State has wrecked itself on these shores, but sadly few heed the warnings. As stated in the prologue,** ***“On cold nights when the moon is full you can watch these ghost ships (economies) making their journey back to hell... they appear to warn us that our resolution to avoid one fate, may damn us to the other.”*** + +&#x200B; + +&#x200B; + +&#x200B; + +# + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART FOUR “AT WORLD’S END” + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. BUY AND HOLD)** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +**You can follow me on Twitter at peruvian\_bull. All other accounts are impersonators/scam accounts** +I live in California so the numbers just don’t make sense. Personally I want to buy somewhere that can cash flow because I don’t believe appreciation can continue at the rate it has in the past. + +Now this leaves me to pick a random city in the Midwest and narrow in on a market. Let’s just say I pick Cleveland. The numbers look great — I can cash flow well assuming the place has 10% vacancy. + +Now here’s my concern — it just seems weird to me that people will rent these sh*tty places in the “middle of nowhere”. I think it comes from me always living in big cities, but it just seems that it’s possible my place will sit on the market forever. I can’t imagine the type of renters that will rent these places. Who wants to live in Cleveland? + +I’m worried that my property can just sit there without being renter for 6+ months. Is this a legitimate concern? I think I’m scared cause I don’t understand how smaller city life is lived. + +As you can tell, I have not bought my first property yet. +Hi everyone. + +Just wanted to ask for some advice. +Bit if back ground I'm 30, work in engineering and currently rent a home with 1 child living with me and my partner. 1 on the way and 2 children that live seperatly with our exs +I've had a letter come through the post today from my company. +Saying that we are being offered the choice of the following. + + +A 3% payrise + +3 extra days off a year. + +Or 3% increase in contributions to my pension from my employer + + +I'm currently on 34k a year so the payrise works put as £1020 +I get 25 days plus bank Holidays off plus 1 extra day for every year upto 5 years. +I currently pay 3% and my employer matches that on my pension. +I'm not sure which one to take that will benefit me and my family the most + +Update : + +So after reading all of the comments I think. + +I have decided I'll go for the payrise for now. + +Money is a little tight atm as we've just moved house. + +In reply to some of the comments. +Extra days off would be nice but tbh if I fancy a late start or early finish I generally can and I still get paid a full days wage. + +I don't pay child maintenance through the csa so an increase won't affect my payment and tbh I pay her more than I supposed to anyway. + +I don't actually have to work to state pension age because of the type of engineer I am so my pension is set up for me to retire at 60. + +I have a few savings pots that are invested and seem to be doing better than my normal savings account with the bank. so atm as long as we don't suddenly go back to the stone ages there just creeping up and being left untouched to top up my retirement. + +Job hopping isn't really an option. I've been with this company for about 7 months and tbh they pay me alot more than I used to by a household name manufacturer in the construction industry and I do a fraction of the work for it. (Think 60% of the time drinking coffee on a sofa) + +Think I've covered everything 🤣 + +Thank you everyone for your advice and input. +I'm off to eat apple pie and custard now 😁 +Do you want your family name attached to this kind of project? We've always lived conservatively and tried to stay 'below the radar', so we're hesitant to want to put our name out there. Still, this place was very important to our family for many years, and having our name on it might be nice for posterity. Anyone here who has faced this before care to share your experience? +I bought bitcoin. (A substantial amount) back in 2013 for $400. It ran up to $1200 before crashing down. I was mocked for not selling it. Today those bitcoin are worth $8 million. Note that I have sold a handful along the way and also covered calls but I still own 70% of my holdings. + +Edited: it doesn’t matter if you believe me. The point is not to brag but rather teach you all a lesson to listen to your own instincts, and do your own research rather than listen to friends who want to say “I told ya so”. + +My btc is in cold storage across two states and 4 locations. It’s impossible to steal or hack. The key is broken into 4 parts and spread across these locations. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/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). +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). +Hi Apes, this is my first "DD" so go easy on me but feel free to correct anything that needs it. + +A few days ago I started posting updates on "Dark Pool" trades (Alternative Trading Systems, or ATS) and had a lot of feedback that I was sharing information that was misleading and that GME dark pool percentages were no different than any other security. This may be true as far as percentages but take a look at these charts comparing GME's Dark Pool Indicator to other securities Dark Pool Indicator, or DPI's. + +When DPI is higher than usual, that means there was more buying than usual in dark pools. + +[When DPI is higher than usual, that means there was more buying than usual in dark pools.](https://preview.redd.it/dxgh1l0lqse71.jpg?width=1707&format=pjpg&auto=webp&s=fcbc12b94995087a820f23509778bf8b0e2188f8) + +Now, lets take a look at GME's Dark Pool Indicator vs Other securities. + +[GAMESTOP - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/x39jaw3wsse71.png?width=3360&format=png&auto=webp&s=5b98863d889724a7dc41e6fbefb21e9e1c7df426) + +Notice how GME's DPI (64% DPI, higher than any other security) was very consistent prior to Januarys run up. Now look at the change that's taken place since. You don't see those large movements up and down. It doesn't fluctuate as it use to. If my research is correct this means that there is a lot more buying than selling going on in the Dark Pools. This would make sense if shares are being bought in the Dark and sold on the lit exchanges which would drive the price down causing the artificial value of GME. Also, check out the light orange color at the bottom of the chart between the volume and DPI. Thats the SI on GME. Someone tell me how the SI on GME has been between 20M-80M shares for 1-2 years or more but then suddenly apes figure out they have the SHF's up against a wall and BAM....drops like the Time Square Ball on New Years Eve . I don't think so Kenny!!! + +Now lets look at the same chart with the same dates for Apple. + +[APPLE - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/wbizrfbysse71.png?width=3360&format=png&auto=webp&s=84e36cd768623c3ab69acf6968010e16768b395a) + +Although the price of Apple has moved up significantly the DPI has not. Because no one cares to drive the price of Apple down. Interesting huh? + +And Amazon.... + +[AMAZON - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/6d448m9tsse71.png?width=3360&format=png&auto=webp&s=247ab5a8da12dfc11db6586348bafc653731b0a1) + +Although the price of Amazon has moved up significantly the DPI has not. + +And Disney... + +[DISNEY - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/lw9humhjtse71.png?width=3360&format=png&auto=webp&s=bed136a1c4ffe1fef246482d212c399217e1d246) + +Although the price of Disney has moved up significantly the DPI has not. + +And Microsoft... + +[MICROSOFT - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/68zr2ktttse71.png?width=3360&format=png&auto=webp&s=8e1311d7713fba6cb018a48daae17689040997b0) + +And the last one, Facebook... + +[FACEBOOK - The Dark Pool Indicator is the solid blue trend line](https://preview.redd.it/nv630wm1use71.png?width=3360&format=png&auto=webp&s=0dc0d3fc7175d46a44184f7789cea16d246c11a4) + +The DPI caught my eye and is very interesting. I believe the GME Dark Pool Trading is very different than any other stock in the market. They all know what they are up against and will do anything at this point to keep it from happening. This is confirmation enough for me to HODL until the lights cut off. And now I know the percentage of Dark Pool shares in the volume isn't really what matters. + +***IT GETS BETTER. SOMETHING ELSE I FOUND WHILE SNOOPING AROUND..*** + +Dark Pool, or ATS, volume is shown in the volume of each security during trading hours. We just do not get to see the details of the trades. But I was looking through the FINRA OTC (Non-ATS) data that was reported for GME from December 2020 and May 2021. What I found is ridiculous. + +**Citadel, and all the other OTC exchanges, traded OVER 1.27 BILLION shares of GME between Dec 2020 and May 2021. And these share DO NOT reflect in the volume the public can see!!!!** + +Lets narrow it down to Citadel. *Keep in mind there are ONLY around* ***75,000,000 tradable shares of GME*** *in existence.* This includes institutional ownership and what the apes HODL. + +For the week of January 19th-22nd the total volume of GME shares traded on lit exchanges (the volume the public can see) was 357,394,137 million shares. Of those shares 29,392,454 million shares were traded in the Dark Pools. Now get this...OTC GME volume for the same week...170,039,730 shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 80,131,562** + +[GME Volume for Week of 1\/19-1\/22 highlighted.](https://preview.redd.it/4mvtcrmpvse71.jpg?width=1610&format=pjpg&auto=webp&s=5195a89a09b748c14b9b0c505a9084e448d2d63d) + +[OTC \(Non-ATS\) Data Details for Week of 1\/18\/2021](https://preview.redd.it/1yhswv98xse71.png?width=2732&format=png&auto=webp&s=f1a2c72d115e294b166fe55317b97153d738316c) + +&#x200B; + +For the week of January 25th-29th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 533,339,836 million shares. Of those shares 44,126,023 million shares were traded in the Dark Pools. OTC GME volume for the same week...184,322,069 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 92,991,756** + +[GME Volume for Week of 1\/25-1\/29 highlighted.](https://preview.redd.it/m5nepjcbwse71.jpg?width=1560&format=pjpg&auto=webp&s=914314554bd539b967777b7608b43037a2a86d04) + +[OTC \(Non-ATS\) Data Details for Week of 1\/25\/2021](https://preview.redd.it/ml2uxnjmwse71.png?width=2732&format=png&auto=webp&s=f02b7ba9e5d677a261ef64c9c1c3e8c9eb0b2daa) + +&#x200B; + +For the week of February 1st-5th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 294,187,394 million shares. Of those shares 24,960,707 million shares were traded in the Dark Pools. OTC GME volume for the same week...147,148,134 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 67,048,361** + +[GME Volume for Week of 2\/1-2\/5 highlighted.](https://preview.redd.it/m133sucbwse71.jpg?width=1536&format=pjpg&auto=webp&s=147d4373ba45b0144f6017dedc6d4318551573fe) + +[OTC \(Non-ATS\) Data Details for Week of 2\/1\/2021](https://preview.redd.it/eggbs8kmwse71.png?width=2732&format=png&auto=webp&s=9d15862da8bd7e1baa8721ada25209e108b84d2c) + +&#x200B; + +For the week of February 8th-12th the total volume of GME shares traded on lit exchanges (the volume the public can see) was 114,243,319 million shares. Of those shares 6,997,461 million shares were traded in the Dark Pools. OTC GME volume for the same week... 49,113,110 million shares. This volume does not show in the daily volume. **Citadel's OTC Volume - 18,848,780** + +[GME Volume for week of 2\/8-2\/12 highlighted.](https://preview.redd.it/ju78vhcbwse71.jpg?width=1544&format=pjpg&auto=webp&s=570fbdbca2bd48962d248f43d9e9986257a31e45) + +[OTC \(Non-ATS\) Data Details for Week of 2\/8\/2021](https://preview.redd.it/gkqyk240xse71.png?width=2732&format=png&auto=webp&s=5c9b1a9d9d7356477566f086d846499c876715c7) + +&#x200B; + +These are just a few weeks out of the year. I understand that the volume comes from high frequency trading and that its buys and sells, **but seriously**....this is an insane amount of GME being traded. I wanted to post FINRA data from other securities and show you how the OTC trades on Apple, Tesla, FB, MSFT, WMT, and others do not compare to the amount seen in GME but it would have made this way too long. Go check it out for yourself. Its incredible. Ill post the link at the end. ***READ EDIT 2 BELOW!*** + +**TL;DR: The Dark Pool trading in GME seems to be way more buys than sells. Appears the sell are happening in the lit exchanges as everyone predicted. Over 1.2 Billion shares of GME were traded in Over-the-counter exchanges between December 2020 and May 2021. The 1.2 Billion doesn't include Dark Pools or Lit exchanges. Other securities such as Apple, Tesla, and FB do not come close to the statistics of OTC percentage of shares traded vs tradable shares seen in GME. There is no way the SHF's covered. This is mind boggling for me. HODL because we like the stock a lot. Moon coming.** + +EDIT: Thank you everyone for the awards and positive comments. Being my first DD I just knew I was about to get hammered by the wrinkles. I was prepared. Hopefully, the Real Wrinkled Brains can chime in soon if they see it. + +***EDIT 2: I forgot to mention that Citadel Connect is a Dark Pool that doesn’t report to FINRA, as mentioned in this subgroup before. “Numerous reliable reports suggest*** [***Citadel Connect***](https://tokenist.com/in-depth-citadel-connect-and-dark-pools-uncovered/) ***is indeed a dark pool. Interestingly enough however, Citadel Connect is not registered as an ATS, nor does it report its trading volume to FINRA, which is overseen by the SEC, per a 2015 Reuters report”. Think about that for a minute. Citadel trades securities OTC, as an (unregistered) ATS, and executes approximately 47% of all U.S.-listed*** [***retail volume***](https://www.citadelsecurities.com/products/equities-and-options/)***. INSANE! Imagine what they are hiding that we will never know about in this “free and fair” market of ours. What they are not reporting is key for SEC to find out IMO.*** + +\*This is NOT financial advice and I have no clue about any of this stuff\* + +Sources: + +[FINRA OTC Transparency Data](https://otctransparency.finra.org/otctransparency/AtsIssueData) + +[Squeeze Metrics Documentation](https://squeezemetrics.com/monitor/docs#dpi) +S&P 500 now closer to its all time high, than at the peak of the May 2008 bear market rally + +Thought about selling a part of my portfolio multiple times since the 2900s; think I'll just hold for a few decades +I have been a longtime algorithmic trader of loans on the secondary market of Lending Club (and prosper.com before they ended theirs), but I just started trading etfs. About two weeks ago I found what I believe to be a inefficient pricing among many fixed income etfs. I've written a program to actively trade these and I'm approaching 3000 executions per day with Ameritrade. I'm a bit worried I might be pushing the limits of what they would allow, but I haven't received any certain answers from customer service about their limits. If I wanted to trade every etf I wanted to I believe I would approach 10,000 trades per day, but they way they designed their API makes it hard to have more than about 150 active orders at once. Commission free API based trading is quite new so I imagine some brokerages haven't encountered so many high volume traders yet. Brokers like tradestation and interactive brokers charge from 0.002 cents to 0.005 cents per share, which would eat up a huge chunk of the profit in my trading, but I would still be happy to pay that to continue what I'm doing. So I wanted to ask what people on here think about pushing the limits further with Ameritrade and also if they recommend any other commission free brokerages that offer API based trading. I've opened accounts with Ally, Etrade and Schwab (although Schwab says their API is only for 'technology companies that serve Registered Investment Advisors whose clients assets are held at Schwab'). I figure the more I spread out my trades among brokerages the less likely they will be troubled about my trading volume. Thanks! +Just found out that my wife and I are inheriting about $940,000. We also have Approximately $240k left on our kids student loans. We are paying the monthly vig of $3,900 per month. + +Question is: Invest the entire $940 K into a Brokerage Account or payoff the Student Loans and invest the remaining $700k. We typically mix our investment funds into Dividend Payers like.. PG, AVGO, PFE, PEP (to many to mention) and BDCs, REITS and some income Funds like PDI, GAB, BST.. Our plan for the 940k/700k would be similar to how we handle our retirement account. + +Initially I thought I would Invest the larger amount and receive approx $45k and use the dividend income to to pay the student loans. The alternative would be payoff the loans and DRIP the dividends from the 700k till retirement (3-4 years). + +We currently have a combined retirement fund of $900k. I know.. not a bad problem to have. Would love some advise or input.. +Hey guys. I've hit nearly rock bottom and I need your help. I'm 21 and live in Romania. In the 2010s, I've developed muscular dystrophy, which confined me permanently to a wheelchair. But of course, it doesn't stop there. The various apartment buildings +in my city have no elevators whatsoever, but they all have stairs, so I'm stuck inside unless carried out and that's not an option since it's pure agony on my back. + +This wasn't the end of it though, because around the same time my mother has developed paranoid schizophrenia and became completely irresponsible, taking out large loans from all sorts of firms to get 4-star vacations. She went to Malta, Greece and Paris (twice), accumulating a huge pile of debt. She's retired early, so she only gets a piddly little pension and she's a chain-smoker, smoking 3 packs a day which adds even more financial strain. + +I only get a disability pension which isn't that much and my father is a cab driver who works for a patron. He works from 5 AM to 8 PM and doesn't make a lot. None of this is enough for the massive pile of debt, we live practically check-to-check nowadays. + +I want to do something, get a job, make some money and help in putting all of this behind us and moving out so I don't have to stay with my mother, who has completely ruined us. But I don't have any skills, I barely learned anything in the rare home schooled classes I took. And I think I might be suffering from depression, I can't bring any focus or motivation to bear. I try to do some programming or focus on studying systems administration and I can barely focus without my thoughts drifting or switching to doing something else (reddit, fanfiction, youtube). But the others things I do aren't any more compelling. Even my favorite hobby (gaming) doesn't entertain me. I just feel... empty and so, so tired. I don't even remember what it feels like to be happy any more. + +Sorry if I've been rambling or incoherent, but this is the first time I've got all this out. Not sure if posting all this was a good idea, or if this even is the right subreddit for it, but I don't really have anything left to lose. Any ideas, guys? +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 reads: + +[GameStop's 424B5 filing June 9, 2021](https://preview.redd.it/vyqd82qm7eb71.png?width=821&format=png&auto=webp&s=ae53e21b9ee232205c4f39e562b0cdc7257ba388) + +When I copy and paste this paragraph into EDGAR's full text search at [https://www.sec.gov/edgar/search/](https://www.sec.gov/edgar/search/), I get the following results from the last 5 years of filings: + +&#x200B; + +[5-Year Search of EDGAR Filings](https://preview.redd.it/63ugy6yl9eb71.png?width=1065&format=png&auto=webp&s=79da36b14087311c130844d9b407046ebfc114d9) + +The full search results can be found here though I encourage you to copy the paragraph yourself and run the search again, just to be sure I didn't screw it up: + +[https://www.sec.gov/edgar/search/#/q=%2522If%2520a%2520depository%2520for%2520a%2520series%2520of%2520securities%2520is%2520at%2520any%2520time%2520unwilling%252C%2520unable%2520or%2520ineligible%2520to%2520continue%2520as%2520depository%2520and%2520a%2520successor%2520depository%2520is%2520not%2520appointed%2520by%2520us%2520within%252090%2520days%252C%2520we%2520will%2520issue%2520individual%2520securities%2520of%2520such%2520series%2520in%2520exchange%2520for%2520the%2520global%2520security%2520representing%2520such%2520series%2520of%2520securities.%2520In%2520addition%252C%2520we%2520may%252C%2520at%2520any%2520time%2520and%2520in%2520our%2520sole%2520discretion%252C%2520subject%2520to%2520any%2520limitations%2520described%2520in%2520the%2520applicable%2520prospectus%2520supplement%2520relating%2520to%2520such%2520securities%252C%2520determine%2520not%2520to%2520have%2520any%2520securities%2520of%2520such%2520series%2520represented%2520by%2520one%2520or%2520more%2520global%2520securities%2520and%252C%2520in%2520such%2520event%252C%2520will%2520issue%2520individual%2520securities%2520of%2520such%2520series%2520in%2520exchange%2520for%2520the%2520global%2520security%2520or%2520securities%2520representing%2520such%2520series%2520of%2520securities.%2522](https://www.sec.gov/edgar/search/#/q=%2522If%2520a%2520depository%2520for%2520a%2520series%2520of%2520securities%2520is%2520at%2520any%2520time%2520unwilling%252C%2520unable%2520or%2520ineligible%2520to%2520continue%2520as%2520depository%2520and%2520a%2520successor%2520depository%2520is%2520not%2520appointed%2520by%2520us%2520within%252090%2520days%252C%2520we%2520will%2520issue%2520individual%2520securities%2520of%2520such%2520series%2520in%2520exchange%2520for%2520the%2520global%2520security%2520representing%2520such%2520series%2520of%2520securities.%2520In%2520addition%252C%2520we%2520may%252C%2520at%2520any%2520time%2520and%2520in%2520our%2520sole%2520discretion%252C%2520subject%2520to%2520any%2520limitations%2520described%2520in%2520the%2520applicable%2520prospectus%2520supplement%2520relating%2520to%2520such%2520securities%252C%2520determine%2520not%2520to%2520have%2520any%2520securities%2520of%2520such%2520series%2520represented%2520by%2520one%2520or%2520more%2520global%2520securities%2520and%252C%2520in%2520such%2520event%252C%2520will%2520issue%2520individual%2520securities%2520of%2520such%2520series%2520in%2520exchange%2520for%2520the%2520global%2520security%2520or%2520securities%2520representing%2520such%2520series%2520of%2520securities.%2522) + +(The search timed out on me a few times, re-running the search usually worked for me) + +&#x200B; + +If that wasn't enough, I went back and ran the search again using the full timeframe, which is all filings on EDGAR since 2001, and it returned 100 results. + +The earliest use of this paragraph can be found in in the filing screenshot below, all the way back to 2003. + +&#x200B; + +[Colonial properties Trust S-3 filing in 2003 \(https:\/\/www.sec.gov\/Archives\/edgar\/data\/0000909111\/000104746903019338\/a2111807zs-3a.txt\)](https://preview.redd.it/crsl8zz3feb71.png?width=940&format=png&auto=webp&s=a3f6d6e7ad6fa0180f7686c9ed8ad0eecdb211e5) + +[That filing is in plain text (ASCII)](https://www.sec.gov/Archives/edgar/data/0000909111/000104746903019338/a2111807zs-3a.txt) but that whole "Book Entry Securities" looked a lot like Gamestop's "Book Entry Securities" section, so I copied both into Word (Had to clean up the ASCII text in word to correct line endings) and ran a blackline for differences between the 2 documents. Minimal changes. + +&#x200B; + +[Text compare between Colonial Properties Trust S-3 filing in 2003 and GameStop's 424B5 filing this year.](https://preview.redd.it/19qem54qheb71.png?width=971&format=png&auto=webp&s=322efe85a61d8893ff20a59a9f6918c5ee8c3482) + +&#x200B; + +I don't really want to make any conclusions here but it really seems that this whole section is boilerplate text, it may have been written by a law firm for their clients and it keeps appearing in these registration statements/prospectuses year after year. +Lady ape here! + +Can someone kind enough please attach the link to the DD from last year that explained how crypto, stocks and our beloved GME would head downwards, but GME won’t crash before MOASS? I told my husband about the DD when I read it last year, and he just responded, “Okay”. Nothing else. + +Now, he’s seeing how BTC is falling and asking more questions about GME and I want show him that this community called it a while back and stays ahead of the MSM puppetry. + +🟣🚀🟣🚀🟣🚀 +long time lurker, i'm thinking of writing a book on the bad advice given here on this sub... something like **"how to make the least from the rest of your investment returns"**. all quotes are virtually verbatim. + +For any new folks, let it serve as a guide that if you see someone saying it, you can rest assured knowing that they shouldn't be giving out advice. + +"I developed my own trading strategy" + +"I'm looking for a developer to implement my strategy" + +"I like X because of the 6% dividend yield" + +"The price of X has gone down, now is a really good time to buy X as its can't be long before it rallies... or should i buy Y instead" + +"I sold after the dip and i'm waiting for a good opportunity to buy in" + +"I'm 70% cash at the moment" + +"The oil price is low, how can i trade oil... how can i take physical delivery of oil... i read about 'oil cash and carry trade' how do i... yes thanks i read about contango on investopedia, but what is it?" + +"I'm looking to take advantage of the situation, where can I buy options" aka "where can i trade a derivative i know basically nothing about, in a mathematically zero-sum game market place where i'm totally out-matched... because well, i saw that prices fell, and its not obvious to me that when prices fall, volatility goes up, and as such premiums charged by option writers go up too, but that doesn't matter because i want to lose some money by buying deep OTM lottery tickets" + +"At SAXO / IG you can trade OTC products, warrants, ETPs, CFD options like i do, but i don't really understand enough to not know why they are not options... (but i'm going to recommend it to you anyway)." + +"3x leverage means 3x the return... now tell me more about rebalancing tracking error, why should i care... restrike event? i'll forget about that later)" + +"You can sign up to trade complex products, its easy, you just skim read the professional investor declaration and hit accept... no i've never read a Fund/ETP/ETN prospectus, why?" +"I attended/teach/sell an online trading course" + +"gold is a good hedge, X% of my portfolio is in gold" + +"I trade about 2-3 per week" + +"Penny stocks" + +"AIM stocks" + +"My bitcoin investment" +My wife has been charging a ton of stuff on credit cards unbeknownst to me. I have a good job , and she works (130k total, pretax), but this is unsustainable. We are both having health issues in our 40s. I have about 50k in retirement that she wants to use to pay down the debts. We have been married for almost 18 years, and she buys a lot of clothes and eats out a lot, mostly with her parents and the kids. We take nice vacations. But nothing that should account for this. She came to me about 3 years ago and said she had run up $20k, then a month later confessed it was 40k. I consolidated that loan in my name. Of course I was angry. She put the credit cards at the bottom of the freezer for a while, but apparently over the last couple of years she has been keeping them hot again. She has had mental health issues before, but acts like all is well. I have a small child, otherwise I'd divorce her. Should I file bankruptcy? What else should I do? +You damn dirty Silverback Apes. I had to work my ass off today. In the last 24 hours, I've identified 83.5 THOUSAND DRS'd shares. + +Just to give you an idea of how crazy today was, look at how it stands out from the last 30 days. + +[DRS Shares added to Portfolios by Day](https://preview.redd.it/akhooskx4iu71.png?width=1600&format=png&auto=webp&s=9d934b7b8519ebeb3f8d139a8dcd63585983fa98) + +But it's not really like there were that many more posts to Reddit than usual. + +[DRS Reddit posts by Day](https://preview.redd.it/9rb4ccv45iu71.png?width=1600&format=png&auto=webp&s=49b8445fd63f3d00b0139c678e774ee847eb756a) + +# So what does this mean? The goddamned silverbacks have jumped in the pool. + +We've seen anecdotal evidence that some brokers were sandbagging GME whales... + +# Want some more proof? + +Here is the distribution of X, XX, XXX, XXXX, and XXXXX Apes: + +[Ape Distribution as of today, 10\/19\/21](https://preview.redd.it/m8aa2mtr4iu71.png?width=1600&format=png&auto=webp&s=93cd1a360ff683c1e927d7ee4f465099c25cb826) + +But look at this shit, this is just 10 days ago: + +[Ape Distribution as of 10\/9\/21](https://preview.redd.it/boctcfcu5iu71.png?width=1600&format=png&auto=webp&s=18f1ae41a2b778c88762f1d37448d9af101612e4) + +Do you see what I see? The proportion of X to XX has changed quite a bit. My guess (and I think I'm right), is that a lot of our silverbacks opened CS accounts with a purchase and probably shared it to Reddit. Then as their broker transfers come through, my software will actually MOVE those records from X to XX. + +Can I quantify this? Well, if I spent some time writing code, yeah... but I don't want to do that. + +I do log when this happens, and lately I've been getting PAGES of this in the logs + +[ComputerShare Account compilation program output sample](https://preview.redd.it/1wxvyy1j6iu71.png?width=609&format=png&auto=webp&s=d73d8c634dcf57af4d9e99dac721467cf93f823d) + +&#x200B; + +But the REAL evidence is the crazy jump in Standard Deviation in the last 24 hours. + +Yesterday, std dev was 430. Today 730. 🤯 + +&#x200B; + +Anyway - the data is flowing out to [computershared.net](https://www.computershared.net/) now. + +# Enjoy! + +BUY HODL DRS + +&#x200B; + +EDIT 1: Just a reminder that this is not DRSbot. DRSbot is the work of other very talented and intrepid apes. See here for more information about this project: [https://www.reddit.com/user/jonpro03/comments/q7o6ra/drs\_infographics\_faqs/](https://www.reddit.com/user/jonpro03/comments/q7o6ra/drs_infographics_faqs/) +# + +# What the hell have I done…. + +Originally I started talking about behaviorism. + +Then some cool kids helped me find a thread about Kenny G and I saw where he had himself some planes. + +This got me thinking and I went on this lovely rabbit hole venture and found all the weird shit but the White Rabbit. + +&#x200B; + +[Yah, thas me hiding behind the mushroom of truth I just devoured the last 24 hours](https://preview.redd.it/c0g0touh05771.png?width=500&format=png&auto=webp&s=bfb21cf22f2698d7f76632083805c5acdee76ccf) + +# [IF YOU HAVEN’T READ THIS YET PLEASE READ THIS FIRST. ](https://www.reddit.com/r/Superstonk/comments/o5w43o/need_more_wrinkly_brains_gone_down_an_aviation/) + +A cheshire cat that wishes to remain anonymous sent me some effing insane info. I still have alot of shizz to break down regarding some airline stuff….but I couldn’t not first address the insanity and possibly parallel universe I stumbled into. Please take time because dude I felt like Alice. Shit leads to some weird shit leads to some even weirder shit. + +There is a YUUUUUUGE chance that I jumped quickly to something without digging in deep enough into one area. Probably because right when I found one weird ass thing it led me to another weird ass thing so I couldn’t fully break down what I’d just found. + +My friends a cool Apian helped me find a plane. Not just any plane. But le’ plane: + +KP Holdings + +Reg.:N302AK + +United States + +DB flags:none + +Type:GLEX + +2012 Bombardier BD700 Global 6000 + +KP HOLDINGS LLC + +&#x200B; + +Who gives a damn? + +I do. You do. + +Behaviorally I want to escape from a financial market and economic market where people prey on the main population and reap earnings. Short term I want your fucking attention because shits gonna get insane. + +[KP Holdings](https://opencorporates.com/companies/us_or/12693594) is the owner of N302AK. Which is a 2012 Bombardier BD700 Global 6000. Sound familiar? Apparently KG’s plane. Look who is a member of this company? Ken in the flesh. + +Lookie [here](https://opencorporates.com/companies?q=kp+aviation&utf8=%E2%9C%93). There are MANY KP Holdings. That being said many of them are just straight up “[principal place of business”](http://egov.sos.state.or.us/br/pkg_web_name_srch_inq.do_name_srch?p_name=&p_regist_nbr=12693594&p_srch=PHASE1&p_print=FALSE&p_entity_status=ACTINA). SO technically not different businesses. Look at the picture below. Type of business? Anything not prohibited by law. Shaaayyyydeeeeee as fuck. + +&#x200B; + +[Slick fuckers](https://preview.redd.it/29auj4b815771.png?width=1916&format=png&auto=webp&s=80974e777ffa7d6439abb618d17540d4c7b40693) + +Soooo many KP Holdings..not saying they’re all the same….but interesting how little information each of them have and low and behold the one Ken as a member on says the only business is anything not illegal. WHat the fack. Guess what's really crazy? If you dig into many of them....guess who is the primary place of business? Shitttttadel. [ ](https://www.inc.com/profile/kp-aviation-holdings) + +&#x200B; + +https://preview.redd.it/n5c3ctab55771.png?width=225&format=png&auto=webp&s=3d5b44c8129f17d08e61fa72d507e3aa3160a225 + +Know what’s interesting? + +There was a photo of Ken Griffin and I noticed in the background that there was this little award thing. + +&#x200B; + +[just behind his arm](https://preview.redd.it/2m6i891f55771.png?width=1920&format=png&auto=webp&s=1198aac4cff4704d9656f66458eb8c220733e3cb) + +Now when I looked at the photo I thought it said something like 2009. Interestingly enough look who is the Risk lifetime achievement award winner for this year? 2021 Goes to [Ken Griffin](https://www.riskawards.com/winners).Lol risky business for SUUUUUURE! Looking through previous years that are listed on the site it looks as though Shitadel always gets some kind of award. + +This is funny...actually not...because it’s like the award ceremony of the devil lol. Who was the best demon this year!? Kenny G. + +&#x200B; + +&#x200B; + +https://preview.redd.it/brstia2p55771.png?width=572&format=png&auto=webp&s=2d40e8ac392f238554ce4a9d1d4cdf1e8acf135d + +# Lockheed Martin. + +[Recently MSM tried to boop up LMT shares](https://www.archyde.com/a-new-gamestop-lockheed-martin-seen-in-reddit-investor-spotlight-because-of-ufos/) by saying we were converting. ? Well last year at June Citadel was big into these guys. Still seems like a vague connection...but hang loose. + +# Air and Space Museum Donation + +Back a couple months ago I posted something about [Ken donating money to the National Air and Space Museum in D.C](https://www.reddit.com/r/Superstonk/comments/nk2cs4/omg_does_anyone_else_find_the_irony_in_this/). thinking how fucking ironic it was. \*pissed me off on a personal level because as a military kid living in DC we would go there and they had this really cool upside down spinney thing you could get in so I loved the shit out of going there\*. + +Interestingly Lockheed Martin has an Imax there named after it ( I mean well duh it’s the Air and Space Museum)...but given the relation between Lockheed Martin, Citadel, National Air and Space Museum, and Kenny G...There seems to be fuckery afoot. + +Well damn back then I thought it was ironic because you know we go to da moon. NOW I realize it’s intentional not because it’s throwing it in our face about the moon landing, but it’s throwing in our face that they are utilizing the aviation industry to hide their effing money!!!!!!! + +Someone had mentioned him being a sociopath...dude this reminds me of all those psychopaths taught about where they leave hints behind because on some level they want to be found. + +How do I know they’re hiding their money within the aviation industry? + +Let us revisit Ryan McKenna, shall we? (see other post first dingus) + +https://preview.redd.it/r60ybfip25771.png?width=1324&format=png&auto=webp&s=e368e32002e6c14bcd809355c4ba61d6639c4da4 + +By looking at the FULL job description we can get a better image. Ryan formed and raised capital at Blackbird Capital 1 and Blackbird Capital 2 which were private equity platforms WITH BLINDPOOLS OF CAPITAL that acquired and managed aircraft. + +(Very likely named after the [Blackbird aircraft](https://airandspace.si.edu/collection-objects/lockheed-sr-71-blackbird/nasm_A19920072000). This aircraft was basically way ahead of it’s time and was utilized within the USAF for 25 years. On it’s last flight the son of a bitch flew from LA to DC in an effing hour. Interestingly after they landed at Dulles on the final flight….they turned the plane over to none other than the Smithsonian. Do remember that The National Air and Space Museum is actually a portion within the Smithsonian Institute. We know Kenny likes names. The naming of Blackbird would truly be poetic. The dickass.) + +Blackbird spun them off into Thunderbolt Aircraft (notice how all of these are named as if they are aviation companies….similar to those other weird aviation named companies I’ve listed prior?!). Thunderbolt Aircraft is an equity platform.^(ahem) *makes me think of the platform Shitadel uses as a MM*….for...get this….**Aircraft Asset Backed Securities.** \[Think Mortgage Backed Securities. Think Commercial Mortgage Backed Securities\]. + +Ryan’s job description (bad boi McKenna...not our good boi Cohen) goes on to state that he would structure bank debt and **warehouse facilities** and engaged with credit rating agencies. He led investor relations with equity and debt holders. + +Now remember how in my other post I was trying to tie down Griffin Assets to Kenny G. I mean Griffin has a spin off in Palm Beach where he has real estate. Plus it has a location right beside citadel. AND it has an aviation assets management. Well Ryan McKenna whose been running shit at Griffin Global Asset Management used to work for Air Lease doing the dark pool trading. After looking into Air Lease….They are [owned ](https://littlesis.org/org/141450-Air_Lease_Corporation)in part by Wilbur Ross. This is a dude listed in the effing Paradise Papers. + +Wilbur Ross is on the [Capital Committee of Markets Regulation](https://littlesis.org/org/45367-Committee_on_Capital_Markets_Regulation) with….who other than Ken Fucking Griffin himself. + +&#x200B; + +[Why dis blur out uc? fucking is an ok word. If after reading this your head didn't get huge and hands get tiny you need to read again. ](https://preview.redd.it/2wmo61w935771.png?width=474&format=png&auto=webp&s=f5e3708a81f59ea5392ae6c371410dd2a1b58b69) + +Now….yesterday in my post scouring for dots being connected I found that weird warehouse article right? + +Remember a warehouse for aviation was bought? + +[Articles](https://newsroom.aviator.aero/griffin-global-asset-management-closes-1-billion-warehouse-facility/) said who some of the banks were that joined in on the purchase: + +>“Goldman Sachs acted as the structuring agent for the Facility. Initial commitments for the facility were provided by Goldman Sachs, Barclays Bank PLC, Mizuho Americas, Morgan Stanley, Wells Fargo Bank, National Association, Bank of America, N.A. and Deutsche Bank AG, New York Branch. +> +>Hughes Hubbard & Reed LLP acted as U.S. legal advisors to Griffin and the Borrowers, Milbank LLP acted as legal advisors to the Lenders, Maples and Calder (Ireland) LLP acted as Irish legal advisors for the Borrowers, Maples and Calder (Cayman) LLP acted as Cayman Islands legal advisors for the Borrowers, A&L Goodbody LLP acted as Irish legal advisors to Griffin and PWC acted as Irish tax advisors for Griffin and the Borrowers. UMB Bank, N.A. is acting as the administrative agent and the security trustee.“ + +Who the fack acts as LegAL AdVisORS in the Cayman Islands.....???? + +Also...remember Ryan McKennas job is to what? Oh ya a portion of it is to STRUCTURE WAREHOUSE FACILITIES AND BANK DEBT + +TL;DR + +Guys….there is some weird ass shit going on with this fancy shit called Aviation Backed Securities. We knew they fucked with Mortgage Backed Securities and Commercial Mortgage Backed Securities...but now they’re utilizing Aviation Backed Securities. And someone working within the realms of another one of Griffin’s hidden companies has created blackpools for the Aviation Backed Securities. And they’ve bought an effing warehouses for planes and the restructuring of bank debt. Dude. KG has multiple other companies that he is linked to but of course doesn’t have his name on the line (except for that sweet KP Holdings listing that said he was a “member”.....weird for a company to own your effing plane if your only a “member”)..... and they are ALLLLLLL connected to aviation. + +&#x200B; + +&#x200B; + +&#x200B; + +[I'M DYING. I'M DYYYYYYING](https://preview.redd.it/opwjuh3p45771.png?width=474&format=png&auto=webp&s=302e295ae876e560098c77744218660f6553bad0) + +&#x200B; + +Side note: + +Dude. Where you big bois at? Someone summon Cuban, Laur, et. al. Criand too. He is also big boi. More dots need connecting. + +&#x200B; + +Edit 1: + +&#x200B; + +You guys are amazing. I'm trying to go through all your messages and comments and reply. If I don't reply I likely still updooted you. + +&#x200B; + +Also I love that some of yall have some strong philisophic doubt. In the behaviorism world this essentially is the concept to question everything. I'm doing my best to compile more stuff and get you guys more data. Sadly I'm but a mere Ape and even this tip of the Glacier (heh pun intended) work is time exhaustive. Thank you to those with philisophic doubt as it keeps the conversation going and keeps me on my toes to ensure I get as much data as possible to share with you <3 +https://twitter.com/MoneyTelegraph/status/1471149781913321472?t=3rjLvX0oWhXwm-Mw7XqIlA&s=19 + +10.1% interest is an absolute joke. By my calculations you'd need to be earning over £66k a year for the repayments to be larger than the interest gain on a £50k loan balance +I've thought about shorting with margin, but that would only give me a 200% return (roughly). Could in theory get a 15-20x return with deep OTM puts but wouldn't the large volume make that impossible? What's the most return I could get given that I would have to spread out the purchases over time and strikes? + +Edit: this is a hypothetical, I don't actually have 100M lol +[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. +[https://www.investing.com/economic-calendar/initial-jobless-claims-294](https://www.investing.com/economic-calendar/initial-jobless-claims-294) + +Forecast initially started around 500K, was adjusted to 750K, then 1M, and finally 1.6M late yesterday. Even with all those adjustments the estimates were doubled. Yikes. + +**Edit:** [Official Release Doc](https://www.dol.gov/ui/data.pdf) +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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But now that earning more and being more proactive about investing RBC just seems significantly worse across the board. + + + +Whether you compare them to small or other large banks their rates for HISA, GIC, credit cards just seem to be lower, sometimes significantly. Is there some benefit I'm not realizing or is this just the way it is? +I've been interested in crypto from a computer science and math perspective ever since college and I work for a fortune 500 software company but my first interaction with bitcoin was actually incidental back in 2012 when I was trying to purchase some usage on a gaming server and instead of paypal they wanted BTC which along with everyone else I had never even heard of and upon first glance sounded like some kind of scam. Through sheer dumb luck I ended up with BTC sitting in a wallet mainly because it seemed like a royal pain to convert it back to USD and had basically forgotten about it until 2014 when along with the rest of the world I was forced to pay attention. + +The math and distributed algorithm that makes the whole Bitcoin system work is very elegant and I thought of BTC like virtual gold if gold had a predictable mining schedule, no industrial uses, and the ability to be easily exchanged outside the confines of the traditional banking and governmental systems. Even aside from the block size issues, my biggest concern about BTC has always been that it is overwhelmingly used for speculative investment rather than actually being exchanged often for goods and services (With the obvious exception of the dark markets which unquestionably have been the largest actual use of BTC as a currency). + +Ethereum is ALOT harder to get your head around than Bitcoin and the implications of the Ethereum Virtual Machine and Solidity based smart contracts are non-trivial and also not immediately obvious. Having studied and dabbled in the code for some time now, it is my belief that at some point in the future a blockchain based system will necessarily replace certain parts of the economy that currently rely on trusted 3rd parties such as banks, accountants, lawyers, etc. Additionally, a distributed virtual machine has the potential to be much more game changing than any of the current industry standard "cloud" offerings... As obvious as it seems now that the internet and automation would revolutionize the economy, I believe in the future it will seem just as obvious that the blockchain would be every bit as big of a disruptor. + +That being said, there are still numerous technical challenges that need to be solved and the transaction costs for executing code on the EVM need to come down considerably before Ethereum can be considered a viable implementation to fulfill the potential. A successful transition to Proof of Stake can probably mitigate the transaction cost issue and the other challenges also seem solvable but the tough part will always be to not introduce unintended side effects of exploits that could create another DAO situation or worse. + +If you are investing in ETH today , know that the price right now is driven primarily by speculation and there are many ways from getting hacked to an undiscovered exploit to a market panic that your entire investment could disappear before your eyes so only invest what you can afford to lose. + +With that caveat in place: +IF everything falls into place... +IF Ethereum is successful in navigating the ups and downs of the gauntlet to primetime... +IF even a fraction of the current economy transitions to use it rather than the traditional trusted 3rd parties +THEN it is hard to put a reasonable upper limit on where the price of ETH could go in the long run... + +It is certainly a risky investment and will be subject to rampant price fluctuations but because the upper limit is pretty much incalculable if the promise is even partly fulfilled I feel compelled to be a part of it. I converted all my BTC to ETH and I have also been buying more ETH recently which to some probably seems silly since it is not appreciably increasing my position. The way I see it however, after explaining all the risks and to only invest what you can afford to lose, friends and family have been buying in recently and if I truly believe that it is right for them I should and am still excited to buy now with the understanding that it is a very risky investment and I am not liquidating my 401k or other diversified safer investments to do it. + +My advice to anybody starting out, Identify an amount that you can afford to lose, maybe that is $100, $1000, or $10,000 depending on your situation. Don't try to time the market, either put it all in at once or split it up on a schedule, and then make sure you have the mental fortitude to not sell at the inevitable dip or panic and wait many years to see how your investment pays off. It can be helpful to mentally assume that your investment is lost, don't check the price obsessively, and try to follow actual developments in the Ethereum ecosystem more than the rampant speculation and emotional roller coaster of traders who are getting caught up in the short term gambling aspect of things. + +Any money invested in ETH right now is still VERY EARLY money at any price. Most people still haven't heard of it and the technology itself is still in it's infancy. Only time will tell if the promise will be fulfilled or if everything will come crashing down unexpectedly. One prediction I am pretty confident in though is that many years from now this will either have been the absolute best or worst investment you have ever made, there really is not much middle ground... + +Can't wait to see what the future holds! +All right - so I'm ashamed to admit this - I haven't been to the dentist in three years and was in desperate need for a visit before my teeth went into a decayed state. I'm unemployed and my only insurance is paid for by the state which most providers don't accept for their care. Without much for options...I tried Aspen Dental out and they did their usual exam/x-rays and told me the results, giving me an estimate saying it'd cost me \~15k to have ten cavities filled and to instill a crown. + +We briefly discussed payment options. They INSISTED that the only possible option was payment for services at the time of each visit. How could they expect this from anyone at this outrageous price tag, unless their clientele is now persons in the upper 1%? She would not entertain the idea of a payment plan at all - so I abandoned all notions of respect and proceeded to share my opinion of the business' practice with the office manager and told her exactly where she could stuff them. ;) + +It's a good thing that I did too. Aspen Dental's 1.33 s&%tt! is coming, for a major reason from customers who had experiences like mine - who this company attempted to exploit. I'll explain. I went to get a second opinion from another practice. Guess how many fillings I actually need? TWO. And guess how many crowns (the most expensive procedure they suggested): ABSOLUTELY NONE. This demonstrates that Aspen Dental is taking advantage of those of us who have limited options. Fortunately, I'm a doctoral candidate in Special Education and I don't necessarily take my doctor's word for everything. I make mistakes - which means someone with a medical degree can't be 100% accurate. + +Therefore, I had questions about my treatment plan, especially given its price tag and the intentions behind it so I got a second opinion and it turns out this was for the best because my suspicions were proven correct so that I could get an improved, cheaper plan. + +I'm sharing this story for two reasons. + +1. To suggest to all of you who live and breathe on this planet to never use Aspen Dental. I think it is in our best interest that they go out of business. Their business model is built on taking advantage of us. The only way we get rid of them is by not going to them when we think we have no one else. Truth be told - there's always a better choice +2. Just to share a story about the ramifications of financial exploitation in the corporate world that shouldn't happen so that you can avoid having to experience this yourself. We learn by our own mistakes but we can also learn through each other too. +Yesterday Kenneth griffin got on national television and told the financial world that retail investors are to blame for diminishing pension funds. Now I don’t know about anybody else but I had no access to anyone’s pension fund. The only money I am allowed to invest is my own money from my bank account. How can I be blamed for this? I don’t even have 10,000$ invested in the stock market? + +And how is it that that guy can lose all those peoples retirement money and not Pay any of his money out of pocket? Shouldn’t a hedge fund manager be liable if he makes stupid decisions and cost people their life savings? +[Link to the full article (3 min read)](https://www.marketwatch.com/story/apple-now-valued-at-more-than-amazon-alphabet-and-meta-combined-11667430617) Apple’s market cap was at $2.307 trillion, surpassing the market cap of Meta, Google, and Amazon combined at $2.306 trillion as of the market closed on Wednesday. All four tech giant’s market caps have shaved off during the tech sector sell-off this year but Apple has held up much better. Apple was the only stock of its three peers to have a positive reaction after the recent Q3 reporting despite results only in-line with estimates. Year to date, Apple lost about 20%, which is much less severe than Meta, Google, and Amazon who have lost between 40% to 70%. + +**Get more bite-sized news like this straight to your inbox for free at** [**investorsnippets.com**](https://investorsnippets.com/) +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! +Aircraft manufacturing is amongst the most oligopolistic industries out there. >90% of the market is divided between Boeing and Airbus. No player in the value chain seems to have stronger bargaining power. + +Why do they still have such shitty financials? Is it because their capital outlays compete with foreign government subsidies? + +I'd love to learn from someone who knows the industry! +Hello Apes, this isn't a macro-analysis of the GME situation. Instead, this is a micro-analysis of a specific change in NSCC-2021-004. The purpose of this post is to further support the [DD by c-digs](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/?utm_source=share&utm_medium=web2x&context=3) as well as DD by other apes regarding the next few weeks. + +Obligatory disclaimer: *this is not financial advice, I'm just a chimpanzee who learned how to use the internet. I'm also not a financial ape. I've been learning this stuff alongside many of you. What I am is a legal ape. However, this is not legal advice either. But if I've learned anything, it's how to skim through a document and only pick out topics that seem important. Seems to have got me through ape school good enough, so here we are.* + +I was prowling the SEC website in search of any new proposed or approved rules, and I saw that the comment period for NSCC-2021-004 went until April 23, 2021. That's on Friday. So I read through the proposal, because why not, and wanted to highlight something I found interesting. + +Most of it updates terms for consistency of use or clarification, but this is something new the NSCC is adding to its Critical Service List. + +# Substantial Change: Adding New Critical Service + +So on page 10 we have our substantial change, and that is to add a critical service called "Account Information Transmission" ("AIT") to the list of NSCC Critical Services. AIT has already existed for a while and it's just a way of standardizing codes and names to reduce cost. This service is designed to "prepare carrying broker-dealers for an emergency mass transfer of large quantities of customer accounts and assets from a distressed broker to a financially secure broker." [Here's a list of broker- dealers regulated by FINRA](https://www.finra.org/about/firms-we-regulate/broker-dealer-firms-we-regulate); there's a few Citadels in there, take a look if you're interested. + +[SR-NSCC-2021-004 \(page 10\)](https://preview.redd.it/inhx9qykzmu61.png?width=1109&format=png&auto=webp&s=e49b16bf80c89a45335fb499724f2ede1a409448) + +This bulk transfer initiative follows a [Playbook](https://www.sifma.org/wp-content/uploads/2019/04/SIFMA_Bulk_Transfer_Playbook_April_2019.pdf) that was established, in part, by [SIFMA](https://www.sifma.org/resources/general/bulk-transfer-playbook/) in April 2019. + +>The Bulk Transfer Playbook is the culmination of years of collaborative work within the industry to ensure we have a program in place that provides a smooth transition and protects customers, ***in the unlikely event it is ever needed.*** (emphasis added) + +"Unlikely," lol. + +Anyway, don't wanna make this too long, but I skimmed through the [Playbook](https://www.sifma.org/wp-content/uploads/2019/04/SIFMA_Bulk_Transfer_Playbook_April_2019.pdf) and found some interesting info in the FAQ's. Looks like the trigger to a bulk transfer is basically at the point where a broker-dealer's financial condition deteriorates so much that regulators have to have a "frank discussion" with senior leadership to see whether this is necessary. + +[SIFMA Bulk Transfer Playbook pg. 102-03](https://preview.redd.it/zik8xjxd6nu61.png?width=917&format=png&auto=webp&s=a459ac48369022c1450377e3b244f55b50ab7a42) + +"Regulators will not publicly approve/shepherd the move," which likely means we won't have much media coverage or transparency regarding this process if or when it happens. However, based on that answer, it makes sense what some of the DD here suggests - that regulators, market makers, and other big players are meeting to make sure we don't collapse the world economy, and that basically moon will have to wait till the pieces are in place and the U.S. is insulated from the coming storm. + +# What's the Importance of Establishing AIT as a Critical Service? + +For that, we have to look at what a Critical Service is... + +>“Critical Services” means the services of the Corporation described in the Rules and Procedures of the Corporation that have been identified as critical services in the Recovery and Wind-down Plan. + +And what the Recovery and Wind-Down Plan is... + +>The R&W Plan is structured as a roadmap that defines the strategy and identifies the tools available to NSCC to either (i) recover, in the event it experiences losses that exceed its prefunded resources (such strategies and tools referred to herein as the “Recovery Plan”) or (ii) **wind-down its business in a manner designed to permit the continuation of NSCC’s critical services in the event that such recovery efforts are not successful.** (emphasis added). + +Now, this post isn't about the R&WD Plan, but basically the Plan is a fail-safe in case the NSCC can't perform its business, and its duties need to be transferred to another entity. The recovery part is a way for the NSCC to save itself, whereas the wind-down is if it fails completely. You can read the NSCC's Rules and Procedures [here](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf). + +>The criteria that is used to identify an NSCC service or function as critical includes consideration as to whether **(1) there is a lack of alternative providers or products**; (2) failure of the service could impact NSCC’s ability to perform its central counterparty services; (3) failure of the service could impact NSCC’s ability to perform its netting services, and, as such, the availability of market liquidity; and (4) the service is interconnected with other participants and processes within the U.S. financial system (for example, with other FMIs, settlement banks, broker-dealers, and exchanges). +> +>\- [NSCC-2021-004, the long version](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-004.pdf); (emphasis added) + +AIT is a critical service because it falls under subsection (1). No one else can do this job. + +[SR-NSCC-2021-004](https://preview.redd.it/tws84rpopnu61.png?width=959&format=png&auto=webp&s=1b3316a682c61d736222ca572beefa361d6f013b) + +[Who transfers large quantities of customer accounts from a failing broker to a financially secure broker when the transferor fails?](https://preview.redd.it/kwfhofbtrnu61.png?width=235&format=png&auto=webp&s=81f53ee32560649de8d02e161fe20ed0e9eefd13) + +**Conclusion and tl;dr** \- The NSCC added "Account Information Transmission" to its list of Critical Services for 2 reasons: (1) because no one else transfers customer accounts from failing broker-dealers to financially secure broker-dealers, and (2) because if (when?) the NSCC can't recover from whatever disaster is happening in the financial world, someone else is gonna have to assume the responsibility of transferring accounts from failing broker-dealers to financially secure ones. This is bullish because it shows that the powers that be are preparing for "an emergency mass transfer of large quantities of customer accounts and assets" soon. + +Edit: Damn this blew up more than expected, thanks for all the awards! Keep your assets as safe as you can! +Want to buy a new ebike. The cost is £7020. The retailer offers Paypal or Barclays finance credit at 0% APR and a total charge for credit of £0. + +What's the catch? There has to be something? How does Paypal / Barclays make money from me by offering this? + +It works out to £195 per month \* 36 which is exactly £7020. Any reason I shouldn't do it or spread out the payments? +I get that PMI is an expense that you have to pay for a while. The conventional wisdom is to save more money so you can put 20% down and avoid PMI. + +But, if you take the extra 5 years to save 20% vs 10% down payment, you’d be paying rent which would be at least $1,000/month which you can’t get back. That’s at least $60k in rent you’d spend to save how much in PMI over that same period? + +Why is the convention wisdom to throw away over $1,000/month to rent in order to save $100/month in PMI? + +Edit: thanks for all the posts. Some really great comments. A few things I should have been more specific about as I should have been clearer on what I think the general advice is: + +1) Putting 10% down should be minimum as many posters pointed out that 2008 sucked hard, and we’ve had abnormal house appreciation since then. + +2) An emergency fund is critical when you rent, it’s 100x more important when you buy. + +3) Credit score is so important and impacts mortgage rate and PMI. + +4) keep PITI to 30% or less than your income + +A few other comments: + +This post was focused on the assumption that the person is currently renting and does not live at home. + +There is a break even point with renting to save vs paying PMI, depending on how long you need to rent to save up to 20% down payment. A poster nailed it their analysis so thank you. + +Also, this is not a rent vs buy post, so please keep it on topic. +I never see anyone talking about investing at actual banks and I get that it's more convenient to do it online, but is it really better for noobs who are looking for long term (15y+) investments? How do the prices differ when you want to invest, lets say 10k€? What other differences are there? +I am open to relocating, setting up offshore companies etc. - I am just curious what the lowest taxed solutions look like. + +Some things that have come up through my initial research are Portugal's NHR scheme, Croatia's digital nomad "visa," low Romanian / Bulgarian income tax, UAE offshore company, and moving to Cyprus. +As I woke up this morning and sat my lazy ass down with a hot cup of Joe, ready to gaze upon the glory that is the flood of DRS posts... I was met with a rather unsettling sight.The ENTIRE sub has slid and waves upon waves of distraction posts have taken over the spotlight. I scrolled down for a loooong loong time and came across two posts... just two ComputerShare posts! What have they been replaced by? 3 million Michael Burry posts, 12.5 million RH lawsuit posts, about 532k Evergrande posts and 7 billion shitty Drake and Spongebob memes (divided 60-40). Talk about forum sliding inflation! Oh right, and I forgot to mention the truckload of whistleblower hotline posts... + +This is your FUD wave apes!! Their goal is the break the DRS hype with as many distractions as possible!! **You wanna know what RCs tweet was about? It's about putting your money where your mouth is!** It's about keeping the hype going, about pushing through and for each and every lazy or undecided ape to get off their asses and transfer to CS! Retail owns the float you say? Then fucking show it! This is what they're trying to prevent! Without these posts and with enough distraction they want to sidetrack the exodus to ComputerShare. It is up to apes to keep the hype going and upvote that which is truly important. + +Stay frosty apes! We're headed in the right direction, keep pushing! + +Derpy667 out! + + +Edit: Added more motivation. Also, thanks a ton for the awards!! Keep on DRSing apes! +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! + +There has been several posts now in r/gme_mexico regarding Mexico's number 1 broker GBM and we have noticed that when reached through social media regarding our voting rights, they always ask to email or call directly, the fucking last straw is that they are giving out different deadline dates to submit our requests for the control number in their replies. + +&#x200B; + +[After I asked them to please reply through the same channel since its public information I didnt get a response](https://preview.redd.it/3uv4nmn4jk271.jpg?width=414&format=pjpg&auto=webp&s=f0bd6cdb2491234ed6ae82a2aedbc19b2c7e0e10) + +&#x200B; + +# I would like to ask my fellow apes in helping avoid this divisive behavior and let our voices be heard as one + +These are their social media channels + +Twitter: [https://twitter.com/GBMplus](https://twitter.com/GBMplus) + +Official Facebook group page: [https://www.facebook.com/groups/gbmplusinvestorsclub](https://www.facebook.com/groups/gbmplusinvestorsclub) + +Official Facebook Page: [https://www.facebook.com/gbmplus/](https://www.facebook.com/gbmplus/) + +Email: [plus@gbm.com](mailto:plus@gbm.com) + +This is a suggested message: + +Solicito que GBM+ publique un comunicado oficial tan pronto sea posible en el que expliquen como votar en la asamblea de GME y en que fecha se van a emitir los numeros de control. Los dueños de estas acciones tienen el derecho a ejercer su voto. No estamos de acuerdo en enviar un correo individualmente ya que se nos ha estado ignorando por ese medio. + +*I request GBM+ to publish an official statement as soon as possible with an explanation on how to vote in the next GME shareholder meeting and when are we expected to receive our control numbers. The shareholders have the right to vote. We do not want to send an email individually since we have been ignored through this channel.* + +# Apes together strong!!!! + +Edit: shortened to fit twitter’s character limit + +@GBMplus Solicito q GBM+ publique un comunicado oficial pronto en el q expliquen cómo votar en la asamblea d #GME y en q fecha se van a emitir los números d control. Los dueños de GME tienen derecho a votar y exigimos se haga publica la información +I am looking to invest in real estate in the Badlapur - Vangani - Karjat area around Mumbai. + +Mostly looking at under construction projects. What are the parameters by which I should judge if a property would be a good investment or not? +Credit Karma shows credit scores for me of [817 TransUnion and 826 Equifax, as of 27 November 2015](http://i.imgur.com/QLhul3k.jpg). + +American Express reports my [Experian FICA score as 707 as of 18 November 2015](http://i.imgur.com/zQY6tfV.jpg). + +Discover reports my [TransUnion FICO score as 733 as of 26 November 2015](http://i.imgur.com/rTQiz9J.jpg). + +None of this bothers me, as I realize that FICO scores are a moving target and can differ by reporting agency and/or formula being used, but probably best not to rely solely on Credit Karma scores when looking to apply for credit. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I made [a post](https://www.reddit.com/r/Superstonk/comments/r8etct/boomers_just_dont_get_it/) in which I was just ranting about government/wall street boomers and Mr. u/1978CR250 responded. Because he hasn't enough karma and also wasn't too bothered to figure out how to post on his own, we decided he was gonna mail me his story after I asked him to expand a little bit. + +Here it is: + +I am a 63 year old "Boomer" and I have been investing directly into companies through DRIPS, Dividend Reinvestment Plans, and DRS since the early 90s. I was self employed and wanted to create my own retirement. I came upon this strategy as an excellent way to build my retirement.  I could invest a portion of my income every month which worked very well with my cash flow and raising a family. I enjoyed researching good companies to invest long term. DRIPS were Large Cap Companies. Large Caps paid dividends, which back then direct investments from private individuals, as apposed to employees of companies, required the company to pay a dividend. Never researched why. I didn't really care. + +I would buy one share through a intermediator. I do not recall their name. They would set up my accounts with the company of my choice. Once the account was set up I could create a monthly or bi-monthly investment plan directly investing in the company. Examples were, MMM, Coca Cola, Home Depot, and many other good strong reputable companiesI also had a brokerage account through a bank, Glendale Federal Savings. Trading fees were quite high. Depending on the amount of shares purchased dictated the fee...ie, 100 shares may be $125.00 fee. Trading in odd lots was very pricey back then as well,. So DRIPS was a great way to invest x amount of dollars every month and purchase odd lots, 1 and 2 or fractional shares. DRIPS were also attractive because I was directly investing in the company and not through a broker. I new back then purchases through a broker were not directly invested in the company. I new brokers would use my dollars the same as a bank uses individuals savings accounts, for their own investment strategies. Also the internet, dial up, was just starting at the time. There was no trading on any line via computers. If I wanted to make a trade with a broker I would call via telephone.  I never had heard of naked shorting and or synthetic shares at anytime in my investment years, prior to "SuperStonk", I have been on Reddit and the Sub for almost 1 year. + +I will say I am very appreciative of the younger generations computer savvy and putting the energy and time into the "DD".  + +I have used Computershare for years. My Drips I had started were then directed to Computershare which established separate accounts for each of my investments. Another DRS is  "Sharowneronline". They do the same as Computershare. When I first Started my direct investing, I would have to wait for monthly statements via snail mail to view my accounts status. With CS and Shareowner I could easily browse companies to directly invest in and view my account status anytime I wanted. I do not recall when CS and Shareowner started.  + +I will end with my wife and I are XXX holders. We have averaged in through the months. I wish I new how to communicate better on the Sub. Had I been more knowledgeable with the ins and outs of Reddit I would have suggested CS. Hey I'm a Boomer, what can I say. We all know now. + +GME, firstly for me is just a down right good investment. RC and the Board, the technologies they will tap into two generations of gamers, the young here and yourr kids. I took my kids to Game Stop back in the day. Bought them a PS2 for Christmas, had Nintendo etc... good days.  + +Then there's the icing on the cake, Bonehead Ken Griffen and all his and other Hedge Fucks bulshit. I have been enlightened tremendously and am in the fight, + +Again I appreciate what I have read and have been educated on. + +Sincerely, + +1978CR250  +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. + +[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: 131072 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) +Hello fellow spastics, this is my first ever dd so be gentle if it’s crap. + +Ticker - AHC +Mcap - $30M +Shares on issue - 258M +Current sp - 0.10 + +Austco is a service healthcare provider, supplying healthcare communication products. They’re main product is the Tacera nurse call. They are the largest manufacturers of healthcare call systems in the Southern Hemisphere and operate subsidiaries in 6 countries and their products can be found in over 6000 facilities globally. + +Now, juicy ratios below. +PE - 11, compared to market of 22 and industry pe of 44. +PB - 1.8, industry average of 6.8. + +In the last year, AHC has had an increase of 288% in earnings and a 5.9% increase in profit margins. From what I can gather, a lot of their income is being reinvested in R&D. + +AHC is debt free and has a total equity value of approximately 16M. + +Approximately half of the shares on issue are owned by insiders and have had considerable buying in the last year. + +My concerns are it’s pretty illiquid at the moment with real low daily volume at the moment. I also can’t find any info on the number 1 share holder. Thanks for reading my dd, if this is fucking useless please flame me I love it. +Happy Sunday Apes, + +It's your friendly neighborhood u/Dan_Bren. Friday was a spicy day on the options front. Let's get right into it: + +[GME Biggest Options Trades 4\/30\/21](https://preview.redd.it/qezu2l14nrw61.png?width=1227&format=png&auto=webp&s=532d6e688d7028d2fd5d36a2c203370d74364a73) + +As you can see from the data above there were several large block trades of DEEP ITM Puts which can effectively be used in the same way we had seen the DEEP ITM calls used. On Friday there were 858 trades (in blocks) of the 4/30 $300 Puts for $10,215,018. Additionally there were 1,058 trades of the 5/21 $300 Puts for $13,161,978. All of these trades came out of the EMLD (Miami) and CBOE (Chicago) exchanges. + +These purchases are relatively in line with the size of purchases we began to see at the beginning of April and so I will continue into monitor early next week to see if these continue to appear in mass. It is interesting to see these exchanges pop up on the Biggest Options Trades lists as I had not previously seen them buying DEEP ITM calls on here. I wonder what other viable options they had for resetting FTD's and if any of the new DTCC rules and causing them to resort to buying these DEEP ITM CALLS AND PUTS. + +TL;DR: Read the title.💎🙌 +There seems to be a *huge* disconnect between what is actually occurring in the world of short-term trading and what many people here believe is happening. + +To begin with - there are many consistently successful traders that make enough profit year after year to live quite comfortably. And they all rely on some form of technical analysis to do their **jobs**. + +But if you read these forums, just about every post is filled up with comments that claim Technical Analysis doesn't work, or that Day Trading is simply gambling (*seriously, why are those people even on these forums if they think that way).* + +To get one obvious point out of the way - It would be statistically impossible for a large number of people to be *consistently* profitable, year after year, if Day Trading were based primarily on chance. Unless all the traders I know are just supernaturally lucky day in and day out, it takes **skill**. + +Secondly, Technical Analysis not only provides the basis for these traders to do their jobs, they are also the foundation of algorithms used by large institutions. You can be certain if those algorithms weren't profitable, they wouldn't use them. But they are. + +Finally, you can *back-test* almost every pattern or indicator to see it's level of success. + +Every successful trader has their own preference for which metrics they use and how they interpret them, but they all have one thing in common - their analysis gives them an *edge* over whomever takes the other end of their trades. **It isn't luck, it is skill**. Skill that is the result of an immense of amount of hard work. As I have said in the past - being a successful Day Trader is really fucking hard. Only those that treat it as a job and put in the time/effort can be successful. + +But all that doesn't matter because here comes *BrianDead007* commenting that the entire thing is a casino and TA is bullshit. Not only is that an insult to all the hard-working traders out there, but it is very discouraging for people hoping to learn a new skill that could give them financial freedom one day (unfortunately it is very encouraging for those that *want* to treat the market as a casino). + +It doesn't take Freud to figure out who these people are - clearly they tried to trade and lost money, most likely *a lot* of money. Instead of admitting they screwed up and didn't do it correctly, they instead would rather believe that the entire thing is random. Because if *they* can't learn this, *nobody* can. + +Just so everyone is on the same page here - + +There are many successful Day Traders who do this for a living (a *very good* living for most), they all use Technical Analysis in some way, and are consistently profitable year after year. + +Their world of trading is *very* different from the one you see on these forums. They are not rushing in during the first 30 minutes in the morning, they don't get FOMO (or at least they don't *act* on it), they rely on a fine-tuned set of indicators, they have a plan before they enter a trade, and they are constantly going through charts - before and after-hours. + +It is not that some don't grab that huge gap up first thing, it is just that is only a small portion of that they do. Having a career Day Trading and the Day Trading you see on YouTube are not the same thing at all. 90% of what you see on YouTube is meant to try to make Day Trading look easy. Who wouldn't want to grab $XYZ at $3.50 at 9:32am and then exit at $4.75 at 9:57am? But that is all smoke and mirrors....and not *real* Day Trading. Very few Day Traders are consistently successful using only that method. + +The good news? Becoming a successful Day Trader is a **real** and **attainable** goal. + +The bad news? It is not the *Gap and Go* method for an hour and then you're done for the day. +Hello All. + +I recently purchased my first home. After looking at Whats sold around my area I realized I paid probably 50k more than what the place is worth. + +Its a brand new build and there are many little things that I need to get fixed/sorted out (Should be under the building warranty I hope) and things that I missed when inspecting initially due to the whole home buying process/shifty agents and etc. Plus a number of other issues related to the workmanship of the builders that built the place. + +Its been a month now and I have finally settled but have this wave of regret over me thinking I could have got a much better place that was made much better for 50k less than what I paid for... + +The house is basically still empty, no furniture apart from my bed and desk for my computer, Havent been able to source anything else due to lockdowns in VIC. It doesnt really feel like a home yet more like an air bnb that im renting one of the rooms out of as Im in my study all day/night + +I dont play to flip this place for financial gain will live it it for a long time I think and if anything ill rent it out in 10 years or so + +I know whats done is done now and I cant do anything about it but does anyone have any words of encouragement around this? did anyone else have any similar regrets? did you get over it eventually? + +Thanks +During the last days, I’ve found that many people praises the Nordic model and wants to copy it in other countries. But, what would you say are its main flaws? Is it possible to copy that model in other parts of the world? +XEQT/VEQT both overweight Canada by 20%+ of their total holdings. The Canadian economy is less than 5% of the world economy. Not only that but seems risky to be both getting paid in Canadian by a Canadian-based employer if you're in this scenario and then to also be over-weighing yourself in that country's economy (unless you're maybe American since the US companies are a proxy to the global economy). + +I realize that having Canadian bias can lead to better performance before [someone links this](https://www.canadianportfoliomanagerblog.com/home-bias-in-the-vanguard-asset-allocation-etfs/) but I'm not really talking about performance here. I'm talking about diversifying to decrease risk as a result. Even Vanguard put out a 2018 release on how overweight Canadians are domestically and how they should be around 4% iirc. + +I have a feeling that the reason people are going XEQT/VEQT is because they're really the only two cheap 100% equity all-world ETFs we have here. I personally think though that going something like a mix of XAW/VXC (which is 60% US, 40% world) and XIC (100% Canada) is a better way to get an all-equity portfolio without overweighing to the Canadian economy. You could for example do 90% XAW and 10% XIC. And again this is not because I have a bias against Canadian companies or think we'll do better or worse than other countries, I just think the asset allocation is too aggressively concentrated at home especially considering your finances if you go with XEQT/VEQT. +This post and giveaway was generously funded by a community member who would like to remain anonymous. To qualify for the giveaway all you have to do is reply to this post and be a subscriber to r/cryptocurrency. The contest will be closed after 48hrs. and the winners will be contacted and the prizes dispersed shortly after. More details below. + +------------------- + +**First a little about what VeChain is, and what it's goals are:** + +##What Is VeChain? + +VeChain is designed to improve supply chain management and business processes using blockchain technology. The goal is to make these processes and information flow more streamlined using distributed ledger technology. + +There are two tokens on the platform: (VET) VeChain Token and (VTHO) VeChainThor Energy. VET is used to transfer value/information on the ledger and VTHO is used as energy to power the smart contracts. + +VeChain is considered by many to be a mature distributed ledger technology company with hundreds of real-world use cases already existing. + +VeChain states that its goal is: + +> “to build a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration, and high-speed value transfers." + +If you are interested in learning more about VeChain, please visit the official site [VeChain.org](https://www.vechain.org) or visit the VeChain sub-reddit r/VeChain which just surpassed 100k members!! + +Other links: + + - [Whitepaper](https://www.vechain.org/whitepaper) + - [GitHub page](https://github.com/vechain/thor) + + +-------------------- + +##Giveaway Details + + - 4 winners will be chosen at random, each receiving a prize of 2500 VET!! 🎉🎉 + - To enter, please leave a top-level reply to this post. (Leave a comment directly to this post ⬇️) + - One entry per account. Duplicate comments will not be counted. + - **Users must be subscribed to r/cryptocurrency to qualify for this giveaway.** + - Entries after 48hrs. will not be counted (closes Friday, March 26th 3:00am UTC) + - Once the 48hrs is over, a numbered list of all the users who qualified will be posted along with a hash to verify integrity. + - Once the list is made public, A drawing will be scheduled using https://www.randomresult.com/. A link will be posted here where users can view the results in a transparent manner. 4 numbers will be drawn corresponding with the numbers in the list. + +The list of qualified users and scheduled results will be posted below when they become available. **Good luck to everyone!** +Why does it feel like every time I place a trade the price reverses? I never rush into trades, I patiently wait for the price action to confirm my position and make sure each trade ticks all my boxes and yet as soon as I place the trade, the price reverses and I get stopped out. How can this be the case so often? Am I getting in too late? Or do I need to set my stops further away? +There is nothing more telling than Apex and Ally going after the very tools apes are using to take down the hedgies. The price doesn't matter, they've overplayed their hand, and all you have to do is hold on to your moon tickets and wait for the ride to commence. + +They would NOT be going after DRS if they did not have a motive to do so. That motive is stopping the MOASS. DRS is the only way. Do it as fast as you can through any remaining transfer agent that allows you to get your shares there. Who knows how long we have left before brokers shut us down completely. + +Time to get off the sidelines, apes. We are in a war against time and filth. It was always going to get worse before it got better. + +Forth Eorlingas. +I’m reading about Ossic, the headphone startup that raised 3.2 million dollars and then abruptly closed, leaving their investors out to dry. AFAIK they won’t have to cough up that money. +Why not? + +Why shouldn’t they while someone who can’t recoup the comparatively puny 100k or so they spent on their not-so-lucrative degree have to be saddled with that debt permanently? +I started my real estate investing career in July when I bought my first rental property. So far I love it. Although it's my smallest income stream it's my favorite, which could just be the honeymoon phase. + +I'm wondering what strategies people use to scale their rental portfolios faster. I bought my first property in cash, and am currently waiting the 6 month seasoning period to refinance and do it again. Which begs the question, how are people being able to use the BRRR strategy multiple times a year? + +Those who have several properties, how fast we you able to achieve that? Are there any strategies you used to scale faster? +I've noticed there's a big increase in fake real estate listings on Domain recently. + +When I enquire about the property, they tell me it's no longer available then start trying to sell new developments to me. + +I've reported dozens of these properties to Domain but nothing ever happens. Some of the fake properties have been listed for sale for close to a year. + +Surely this sort of thing is a risk to Domain. Why would they allow it to continue? +I park cars for a living so please forgive my poor communication skills. This is not financial advise. Hang with me this starts off slow but speeds up fast. + +&#x200B; + +Yes this is about a frustrated DFV, tin foil RC theories, and how they point towards Computershare. In fact its DFV returning to try 7 times and tin foil speculation is RC tried 3ish times. This is 100% speculation. + +2/24 thru 4/8: A 'jump' into 'cone' 'poo' 'chair' mixed in among other tweets. We've all seen these RC tweets over the course of a 6 week period. Nobody i saw put any of these guys together back then. /shrugs "meh" + +&#x200B; + +[RC 1st - Cone Poo Chair](https://preview.redd.it/jhzykbrvntr71.png?width=614&format=png&auto=webp&s=6b3a4367f405eda5ad88cba666ff40292766cf82) + +&#x200B; + +4/16: DFV aka roaring kitty posts what i believe he truly intended to be his final twitter post. cat hugged by ape /tears + +4/20 thru 4/29: RC tweets ted jerking it which has recently been interpolated to mean 'cum' and mr hanky the Christmas 'poo'. These are mixed in with other tweets and still not sequential. /shrugs "it rips when he tweets shit memes lul" + +&#x200B; + +[RC 1.5 - Cum - Poo](https://preview.redd.it/3e9jq7xyntr71.png?width=614&format=png&auto=webp&s=7f20c0aa5e81b0a02615bafc5706513b5a36a7ce) + +&#x200B; + +this is where things get exciting, i promise + +6/1: DFV ruins his perfect public exit with a tweet expressing "roaring kitty is back!" and "has had a breakthru!" + +&#x200B; + +[DFV new DD! I'm back and have had a breakthru](https://preview.redd.it/sd2slx29otr71.png?width=829&format=png&auto=webp&s=7f19ee3c6eeca999fa2a6fa1c981748af4e3cfaf) + +&#x200B; + +6/1 (cont): The next two tweets express that we dont have to be locked up with the shorts, rather they can be locked up with us! how can this be? the next video is edited for a specific dance scene for with computershare's logo on the floor 'everybody....yea.....' + +&#x200B; + +[DFV1st attempt: lock it up...everybody...yea....in computershare](https://preview.redd.it/kdk7s6bcotr71.png?width=760&format=png&auto=webp&s=a60d319b03ea6785604309208e0d7392aa257440) + +&#x200B; + +6/2: DFV probably sees this didn't have any reaction on reddit, his first tweet 6/2 is about a poem that to the reader doesn't fully appreciate, but he's super proud of the 6/1 sequence. it is poetic perfection and was alot of work but we dont get it. oh well, he'll try a 2nd time. + +In fact he'll try the same formula again. 'Our common goal' (so this next sequence will be about us as investors).....DFV is Parzival and has figured something out (re: aka had a breakthru) ...the other player (ape) riding gamestop (logo on the bike) then asks Parzival to tell what he knows!...then the bike aka gamestop 'launches'....but we know how this sequence went after in the movie. You have to go backwards (thru the share chain of custody to Computershare) if you want gamestop to successfully launch!...the next meme is him communicating that he's sending the same message that he just tried to communicate on 6/1 + +&#x200B; + +[DFV 2nd attempt: new day same message and formula](https://preview.redd.it/r8xmrdefotr71.jpg?width=1020&format=pjpg&auto=webp&s=649d2258a5899be0760fae80bf42c7648efbf440) + +&#x200B; + +6/3: The next sequence is the cat (DFV) waking up and then checking the HOT in reddit to see that again, nothing has come of his now 2nd sequence of Computershare tweets (joker's bomb not going off). No problem, he's got a really really clear 3rd sequence. Enter mystery men scene putting together RC's 'cone-poo chair' images that had previously not been combined like this, in an easy spell it out WHAT DO YOU SEE format. He then follows this up with 'when the world deals you a .......got to the furry wall. Look at that wall! The Computershare logo is literally dark purple in the video clip and he's rubbing on it telling you to go there. The final tweet for the day is DFV (the old man) expecting to sit back and now for a 3rd time watch the hopelessly ill-financially knowledge equipped apes (the rider struggling in the stream) chew on this sequence. + +&#x200B; + +[DFV's 3rd attempt](https://preview.redd.it/5cxftt0iotr71.jpg?width=1020&format=pjpg&auto=webp&s=c63726046425c8e966139483dbc0191deae03a56) + +6/3 (cont): RC tweets sears sign being torn or 'tear' down. some folks have indicated this could also be 'ars'. /shrug 'a stretch'. reddit digs into sears etc. Its confirmation bias for DFV seeing this possibly com together for a 2nd time on RCs end. + +&#x200B; + +[RCs 1.75nd attempt](https://preview.redd.it/kkl8ofsjotr71.png?width=340&format=png&auto=webp&s=30163c94bd6568dd0f2a56b36d299bcc8d07b868) + +&#x200B; + +6/8: DFV is back to try again! "Stop him if we've already heard this one" is a reference to this being the 4th attempt with the same message. He then has another 'launch' tweet via that cat song, thats the objective here. The 3rd tweet is DFV thinking, how he can say the same thing again. 4th is 'its ok i've got another bullet in this meme chamber' for this. I haven't seen a good explanation of the 5th, i'd love to hear a theory but so far i think he's trolling us and its purposely confusing as an expression of his frustration with us. (edit: the cat communicating and us talking jibberish, not getting the cone)...which ties in with the 6th tweet with 'us' just asking to be told what to do. I imagine that this has been difficult to meme together and he never expected it to be this unclear for this long. + +&#x200B; + +[DFV's 4th attempt: Anguish about trying to come up with another way to say the same thing](https://preview.redd.it/nw4lmmpmotr71.jpg?width=1020&format=pjpg&auto=webp&s=d0021531f3d1907acb0eafea27c4bae41aa366ff) + +&#x200B; + +[Edit 6: emphasis on the 'O' after asking to be just told what to do 'O'](https://preview.redd.it/idnix2cervr71.png?width=750&format=png&auto=webp&s=43ea7366f424b479cb82e71f0da4492c4cd1e39f) + +6/9: He's back and has another idea for how to convey this, maybe a little weaker this time because its getting extremely difficult to come up with shiat to meme at this point. The top gun with GME 'launching' off the deck (3rd time we've got gamestop 'launching' in these sequences)....run.....to call the shares yours (gamestop logo on/is the coin we are calling here)....but why please explain it harder....he cant do it for you everyone has to do it for themselves. This is attempt 5. + +&#x200B; + +[DFV's 5th attempt](https://preview.redd.it/xfhmt6frotr71.jpg?width=1020&format=pjpg&auto=webp&s=e31aea7af43cb1043dd82d4baabfa1908d69b700) + +&#x200B; + +6/15 + 6/16: This still isn't working. Here [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/) is really stretching for content....so this time he exaggerates colors in the first 3 tweets "Red".......(let them stare at that one overnight alone so they get that i'm focused on the COLOR) - "White" (maybe? or him telling us to look harder) - "Blue" ......mix it together = ahha! (purple). 6th attempt. + +&#x200B; + +[DFV's 6th attempt](https://preview.redd.it/9fexxprwotr71.jpg?width=1020&format=pjpg&auto=webp&s=5baa3882a15475c09764afbb0fd61aafae8fb787) + +6/17: At this point its really hard for DFV to find content. Its a guy in purple (edit2: this guy IS computershare) turning nothing into something (ie fake phantom broker shares into real registered shares!). Go look at that one yourself. 7th attempt. + +&#x200B; + +[DFV's 7th attempt - pretty clear and consise actually.](https://preview.redd.it/ky7oi0h2ptr71.png?width=1020&format=png&auto=webp&s=c5bc9cca86680ba5450359231fa7b6b2652a5ada) + +6/18: DFV gives, he's out again. + +7/23: RC has watched this transpire and DFV totally fail to communicate his message (because we are r3t4rd3d). He chews on this for weeks. He still has one more tweet to communicate 'chair' but sees its failed once on his end and now 7 times on DFV's end. He tweets out the 'compooterchair'. Apes are excited with the interpretation that "hE's WoRkinG 24/7"...which is true but yea he's playing 4D chess so this both completes his 2nd attempt and is its own stand alone attempt. Still fail. + +&#x200B; + +https://preview.redd.it/fqhng416ptr71.png?width=438&format=png&auto=webp&s=3d275da3caefde57f81c2f7b999384e96dcefef3 + +RC 2.0 and 3: compooterchair + +Apes figure out Computershare is the way independently, hedg are fuk, and we live happily ever after. + +&#x200B; + +edit3: credit u/moronthisatnine has been trying to show us that RC might have a 4th here using the same color formula DFV used. Dowvoted to hell RIP + +[https://www.reddit.com/r/Superstonk/comments/q1yx0t/grab\_a\_blunt\_drink\_some\_whiskey\_listen\_to\_this/](https://www.reddit.com/r/Superstonk/comments/q1yx0t/grab_a_blunt_drink_some_whiskey_listen_to_this/) + +&#x200B; + +Edit 4: Excellent point someone sent me! + +Remember the FUD about no computershare insurance but brokers up to 500k? Like to convince us to stay at our safe brokers? Imagine your Keith with \~$30M in some broker and RC is tweeting out 741s like a machine gun (broker liquidation?!). 500k on 30M is not acceptable risk!!! No chance the cat is still in a broker, he's gonna be mostly if not all DRSs to protect his wealth....DRS lets you only worry about the solvency of gamestop.....broker you have two companies to worry about... + +&#x200B; + +edit 5: holy sheet just got back from work and i've got more messages than i'll ever be able to respond to. There seem to be ALOT more references to Computershare in those tweets people have found than listed here........i suggest everyone go back thru DFV's tweets from june and start filling in the blanks for yourself with those i haven't referenced above. +- How many kids do you have and what age are they? +- How many bedrooms and bathrooms do you have? +- Single family home, townhouse or condo? How many floors? +- How many sqft? In the city or the burbs? Is it too large, just right or too tight? + + +For us, we live in a 2500 sqft condo on 1 floor in the city with a toddler under 2 and a baby in the belly. We have 3 bedrooms and 4 bathrooms. + +It’s just about right currently but will likely get a bit tight when the 2nd baby comes and the grandparents stay with us for the first few months or so. The WFH situation has made the condo tighter than we originally anticipated as well. We are thinking about moving to the suburbs into a SFH in a few years. Some SFHs in our target suburb are enormous and we don’t want to make the mistake of buying too large or too small in the future. Neither of us have lived in a SFH before and currently are thinking something 3500 to 5000 sqft with 4 bedrooms plus an office might be ideal for a family of 4. + +What are your thoughts? +What's poppin apes, u/possibly6 here with some bias that I indeed can confirm will confirm your bias. confirmed. + +As always, this aint no mothafuckin financial advice, hoe. The views expressed here are solely my approach to investing in this specific equity. I ape an am. + +obligatory. + +To preface, for any new apes, I am a daily technical trader. I make a living by identifying patterns and executing trades based solely on what I see on my charts. As someone who day/swing trades every day, I NEVER day trade GME. I have been holding since late November, haven't sold a single share. I hold xxx shares now. + +&#x200B; + +[bias of confirmation in the process of being confirmed with bias about confirmation idk6](https://preview.redd.it/u5wu6mgknzv61.png?width=236&format=png&auto=webp&s=f888d58c3d483ad07529fe50ae07904dc378d5aa) + +Apologies again for the lack of daily posts. I feel like my work is often times drowned out by fluff and memes, not really an issue just not super motivating if you catch my drift. + +In my last post I talked about how it seemed that our price action mimicked that of January. if you want to check that post out here you go: [https://www.reddit.com/r/Superstonk/comments/mv2bx9/price\_action\_nearly\_identical\_to\_jan\_squeeze/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mv2bx9/price_action_nearly_identical_to_jan_squeeze/?utm_source=share&utm_medium=web2x&context=3) + +Well FINALLY I wake up and I see my favorite stock going up in value. There has been a lot of great work by apes around the sub in recognizing that GME was selling shares to apes while simultaneously keeping the price at max pain points. + +Ah yes, the great equalizer. + +[ah yes](https://preview.redd.it/y1zlf360ozv61.png?width=940&format=png&auto=webp&s=5b3c6b7659df08733cf8277fe323ff0d0eacd7ff) + +So now that bankruptcy is completely ruled out, why haven't the shorties covered? Cause they dumb lol. These guys don't want to admit defeat by a bunch of crayon eating apes, and I don't blame em. + +Enough of the memes, let's talk price action. Here's my view of GME over the past few days: + +[1hr View](https://preview.redd.it/685fh3qbozv61.png?width=2858&format=png&auto=webp&s=832182862fdc4bf870bf3998b710c1f7ba73282a) + +If you follow me for regular EW updates, I ended up redrawing the waves we are in. The movement on monday looks to be the start of a wave 3, but it is not quite finished. I have tried to explain EW theory in my previous posts, it hurts my head sooo much trying to describe it, but I will try to put it in ape terms. + +In its simplicity, Elliot Wave Theory is no more than the manifestation of human nature in financial markets. The market moves in waves. 5 impulse waves and 3 corrective waves with waves inside of waves. This picture explains it pretty well. + +[EW inna nutshell](https://preview.redd.it/cjawb2hwozv61.png?width=872&format=png&auto=webp&s=3182683dd303f2068986af613a629ba5d4fc9891) + +The way I see it, we are HERE: + +https://preview.redd.it/btq7s635pzv61.jpg?width=872&format=pjpg&auto=webp&s=01eb69ac6f3f66b1fda64c65025946cf30dd775d + +Here's a bigger view of what I see for GME: + +&#x200B; + +[GME 4 hr](https://preview.redd.it/tdpe9os8pzv61.png?width=2858&format=png&auto=webp&s=d6be2b410295f8541bfa8056222d4bac11aa294a) + +In some of my previous posts, I mentioned my wave 3 of 5 target is somewhere around 220 before a slight correction. + +The downward move at open today was entirely predictable and 165 was the buy area I was watching today to buy more of my favorite stock. allow me to explain why. + +Refer back to the EW diagram above, specifically waves 1 and 2. The wave rules apply on all time frames. After a downturn period, when there is a significant move upwards, this often marks wave 1 of 5. Wave 2 of 5 targets **AT LEAST** a 50% correction from wave 1, though often times the 61.8% level. + +You can visualize those levels below: + +&#x200B; + +[GME 15m](https://preview.redd.it/fnjui85tpzv61.png?width=2852&format=png&auto=webp&s=dd166d954fc2d5f6e04adeef3bbe8e3d06e8f78c) + +Compare this to the diagram above, the price action is totally logical. + +Wave 3 targets a 1.618 extension of wave 1, with GME, that is visualized below which gives us our wave 3 of 5 pt before some retracement action. + +&#x200B; + +[GME 1hr scaled](https://preview.redd.it/omtb09p3qzv61.png?width=2858&format=png&auto=webp&s=c6d3b3000800790156aa5db87e625535520ca75b) + +Will we see this target hit tomorrow? possibly (6) but as always idgaf. What I think will happen is we will see price hit a low of around 172 tomorrow (61.8% retracement from wave 1). + +I anticipate this because, as you can see, we trended downwards after the news that GME finished their sale of 3.5m shares. Thus, the upwards trajectory from today after the morning dip was a smaller wave 1 completing. naturally, a 50%-61.8% correction is expected before wave 3. Visualized below: + +&#x200B; + +[GME 5m zoomed in ](https://preview.redd.it/9eb8kgekqzv61.png?width=2858&format=png&auto=webp&s=2dd8e81c6e3e48f61fb68295b19a1386eedb1e26) + +Whatever happens, I'm **FUCKING JACKED**. + +Before I sign off, ignoring EW, we just broke out of the mega wedge, as I'm sure you have seen across the sub. MACD on the daily just crossed as well which is a HUGE bullish signal. + +&#x200B; + +[GME daily chart](https://preview.redd.it/ra295gvuqzv61.png?width=2852&format=png&auto=webp&s=0b30eb4cc4893438dd44f2feeef3bda7ff8eab60) + +Let's zoom in: + +[JACKED.](https://preview.redd.it/jtagem9yqzv61.png?width=2854&format=png&auto=webp&s=d472c762a1cb2ca8532e8863373317e59c575692) + +Everyone that says "oh technicals don't apply to GME it's so manipulated" is ignorant in my eyes. EW is not typical TA, it is human nature, which is why it is so accurate. Every field has formulas to prove the findings, EW is the stock market's "formula" per se. There's a reason it's accurate. + +If you read all of this, you're dope. Be excellent to each other. + +TLDR: lots of pictures and colorful lines, GME go up. Expecting a low of around 172 tomorrow before a slight reversal around the 217 area. Possible but highly unlikely we fall back to 165 before 217. Don't day trade GME. if you do, fuck you. Sorry not sorry don't be a bitch. + +edit: to clarify, not saying 217 happens tomorrow, that is simply the next target to complete wave 3. Possible it happens tomorrow, but its not 10m so does it matter? **nope.** + +edit 2: Remember, VOLUME is the biggest driver in price. EW does not necessarily account for volume which is why I don't put timeframes here, though it's fun to speculate isn't it? + +Obligatory 🚀 🚀 🚀 🚀 🚀 + +edit 3: FIDELITY MAKING A NEW APP LETS GOOOO [https://www.reddit.com/r/fidelityinvestments/comments/n0fvgz/meet\_the\_new\_fidelity\_mobile\_beta\_trading/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/fidelityinvestments/comments/n0fvgz/meet_the_new_fidelity_mobile_beta_trading/?utm_source=share&utm_medium=web2x&context=3) +My car was totaled a few months ago and I haven't been able to afford a new one. I spend at least $150 a week on Uber's to and from work. I'm on my last day that I can afford Uber rides for the week. I've asked my co-workers who passed by me to work and they won't help me. I can't find any friends that can help me consistently. I don't want to quit my job because You can get raises pretty quickly based off of performance and I've been doing all right and I know I'm not going to find a job closer that has the same pay. I have nothing saved right now and I just don't know what to do. Any ideas? +I actually did a little digging into these Chinese companies earlier today and finally had a little time to put a post together. **I know this isn't necessarily about $GME or GameStop outside of the fact that we know there are people with a lot of money on the other side of a very bad bet (for them). This is a dive into the macroeconomic environment $GME operates in.** + +I haven't seen much about the [ICIJ Offshore Leaks Database](https://offshoreleaks.icij.org/) since it was first dropped and feel like it has a lot of value, especially after seeing these Chinese shell companies popping up recently. + +We've all seen and heard about the Chinese stocks that have been popping up recently in the form of IPOs. HKD, MEGL, GSUN, TOP, ILAG, etc. Today gave us another one. + +&#x200B; + +https://preview.redd.it/iprt04fok5l91.jpg?width=292&format=pjpg&auto=webp&s=8f68135737cfc20cfff8a8d7466de224dd6a79d2 + +ATXG back in 2019 had a 12 month revenue of 10 million dollars. It’s stock currently has a 17 billion market cap valuation, with a company backed by 10m in YEARLY revenue. What’s their revenue now? [12 million dollars.](https://www.wsj.com/market-data/quotes/US/ATXG?mod=md_home_movers_quote) + +The underwriters are given shares of these companies that they can sell (or use as collateral). + +We know for certain who one of these underwriters is - none other than Anthony Chukumba. + +https://preview.redd.it/imqq72lql5l91.png?width=916&format=png&auto=webp&s=84fa1d08c62de4066499ef98d64e3bf14b4e09b3 + +[A lot of these companies pop up through Network 1 Financial Securities, including the most recent one from today - ATXG.](https://www.iposcoop.com/ipos-recently-filed/) + +https://preview.redd.it/c62lr8rxr5l91.jpg?width=1634&format=pjpg&auto=webp&s=eb925954c3afb0d812ba0b9614d3e786a3d648a8 + +[WOULDN'T YOU KNOW Network 1 Financial Securities is tied to ICIJ’s Paradise papers.](https://offshoreleaks.icij.org/nodes/80106176) + +Shut your damn mouth Massive. I’m sure these companies are legitimate companies, incorporated in legit jurisdictions that have nothing to do with tax havens, right? Thanks for asking. They can be incorporated in the Cayman Islands - and quite a few of them are. + +https://preview.redd.it/us8bvcyam5l91.png?width=1140&format=png&auto=webp&s=c9617f6d441200a6996ee664bd2d3ff63132eed2 + +[https://sec.report/Ticker/GSUN](https://sec.report/Ticker/GSUN) + +Why would they want to be incorporated in the cayman islands? + +https://preview.redd.it/umh6cex6n5l91.jpg?width=795&format=pjpg&auto=webp&s=316da5b9825106a76b1f0d3d2fa410581343dd32 + +If you know anything about kreepto, you know market cap means shit without a liquidity pool backing it - one coin could have a market cap of 200 billion, but if there were a bank run on that coin you’d be lucky to get 5% of that market cap out. + +========================== + +Where am I going with this? These companies are being used as collateral, with absolutely nothing backing them asset wise, to prop up the stock market valuations until they no longer can. What happens when this massive collateral debt bubble pops? I think we’re soon to find out. + +You wanna know why the dotcom bust happened? The 08 financial crisis happened, and whatever the hell is happening now, is happening? I think we found our answer - and I’d be willing to bet by the time this current iteration of debt implosion is done, these companies will be defunct. + +========================= + +A) shitty companies pop up out of nowhere. + +B) Those companies are incorporated in known tax havens, under tax haven umbrellas exempting the companies from paying taxes and providing transparent financials. + +C) IPO underwriters get immediate shares upon listing. Insiders, institutions buy shares from each other, jacking up the price of said shares to astronomical values. Congratulations, you just created a ton of collateral value. + +D) retail dives in, buys a "share" - in comes beneficial ownership. You buy an IOU. It's guaranteed to be an IOU. Not only are you buying an IOU, YOU'RE BUYING AN IOU IN A SHELL COMPANY WITH NEGLIGIBLE INTRINSIC VALUE. If retail doesn't buy shares? It's ok, theres still collateral value attached to those shares. + +E) Fake money/collateral value was just turned real by your purchase with real money. Money is washed through the tax havens, Retail legitimizes the market cap, since market cap of a company (thus collateral value of said company) is number of shares x last price paid for the share. + +&#x200B; + +[Welcome to the past 2 months](https://preview.redd.it/rrnemsg5s5l91.jpg?width=612&format=pjpg&auto=webp&s=91741da93520fd1cade7adada8ed547152009804) + +Edit: [Evidence of shady business practices through underwriters found in comments](https://www.reddit.com/r/Superstonk/comments/x2vzcl/comment/imnd8bw/?utm_source=share&utm_medium=web2x&context=3) + +TLDR; 17 BILLION dollars worth of collateral value, with 12 million dollars worth of YEARLY revenue backing it from only one stock. This is collateral being used to take out more loans to cover up bad debts. Extrapolate that out over the entire US equities market and we get the dot com bust, the 08 financial crisis, and whatever the hell is happening right now with each debt implosion more severe than the last one. +1. Sorry for my english +2. I don't want to post missinformation, so please if something is wrong in this post please tell me and I will correct. + +Last friday reading this [SEC WANTS US TO GIVE THEM ONE CHANCE](https://www.reddit.com/r/Superstonk/comments/n2e9t9/sec_wants_us_to_give_them_one_chance/). + +Full SEC speech: [SEC](https://www.sec.gov/news/speech/werewolves-of-change). + +The TLDR done by u/Firetorpedos is very nice. + +>***TLDR*** On April 28th, the SEC website published a speech that has NOT recieved its due attention from apes. This is a very strong and direct piece, even calling short hedgies "werewolves", and i think by this piece they want to get our attention. This speech delineates, among other things, the parameters of a coming SEC report related to "meme stocks". The speech is way out of SEC historical comfort zone, and it goes to show that they see our **frustration**. Otherwise it wouldn't have been this strong. It is not written in typical SEC-speak either, it is written in the most simple and easily understand (yet precise and legally prudent) way it possibly can. For me, it is very clear that they want to say something like this: "Meme-stock holders (i dont like this designator either, but nevertheless, it is very clear what they mean): we see your **frustration**. We have our eyes on this. Here is our position: +> +>a) there ARE SHORTIE FUCKERIES related to e.g. GME stocks. +> +>b) SEC will address it with regulations, that are ALREADY IDENTIFIED. +> +>c) SEC should NOT give a fuck about hedge/financial institution loosing ALOT of money. +> +>d) Bonus: LIBOR is fucking done for. \[GET A LOAD OF THIS!\] + +The words frustration gave me something to think about. And thinking I remember that the law SR-NSCC-2021-801(If you don't remember what this law was for I let you this [post](https://www.reddit.com/r/GME/comments/mm9yci/the_801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) that explains very easy and simple) was filled the 03/05/2021. And I remember this other [post](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/), that talked about the time that have to pass for the law to be approved automatically. + +&#x200B; + +https://preview.redd.it/uznl6loiwrw61.png?width=717&format=png&auto=webp&s=909e7d5f1a06eac05ce3c065f06b07609c6f07da + +This post sais 60 days, but remember, **DO YOUR OWN DD, ANYONE CAN BE WRONG**. So i went to the law [SR-NSCC-2021-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf) and checked it myself. + +And i got this: + +>III. Date of Effectiveness of the Advance Notice, and Timing for Commission Action +> +>**The proposed change may be implemented if the Commission does not object to the proposed change within** **60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received.** The clearing agency shall not implement the proposed change if the Commission has any objection to the proposed change. The Commission may extend the period for review by an additional 60 days if the proposed change raises novel or complex issues, subject to the Commission providing the clearing agency with prompt written notice of the extension. A proposed change may be implemented in less than 60 days from the date the advance notice is filed, or the date further information requested by the Commission is received, if the Commission notifies the clearing agency in writing that it does not object to the proposed change and authorizes the clearing agency to implement the proposed change on an earlier date, subject to any conditions imposed by the Commission. The clearing agency shall post notice on its website of proposed changes that are implemented. The proposal shall not take effect until all regulatory actions required with respect to the proposal are completed. +> +>pg. 58 and 59. + +Oh, my ape friend was right + +**"The proposed change may be implemented if the Commission does not object to the proposed change within 60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received."** + +\--------------------------------------------------------------------------------------------------------------------------------- + +EDIT: THERE WAS A CHANGE IN THE RULE: [https://www.reddit.com/r/Superstonk/comments/n3gpde/new\_801\_with\_changes\_leaving\_it\_to\_wrinkled/](https://www.reddit.com/r/Superstonk/comments/n3gpde/new_801_with_changes_leaving_it_to_wrinkled/) + +https://preview.redd.it/6o7yv3f6fsw61.png?width=716&format=png&auto=webp&s=eb594e459e7cfddda637097d7e19c926cb4e8829 + +If my little brain understand this correctly the important law is the SR-NSCC-2021-002. + +[SR-NSCC-2021-002.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +&#x200B; + +https://preview.redd.it/5kwf62aakvw61.png?width=542&format=png&auto=webp&s=cd142466d6156b1b600e6878ff487a2b2cc671c0 + +>^(34) NSCC filed this proposed rule change as an advance notice (File No. SR-NSCC2021-801) with the Commission pursuant to Section 806(e)(1) of Title VIII of the DoddFrank Wall Street Reform and Consumer Protection Act entitled the Payment, Clearing, and Settlement Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and Rule 19b-4(n)(1)(i) under the Act, 17 CFR 240.19b-4(n)(1)(i). A copy of the advance notice is available at [http://www.dtcc.com/legal/sec-rule-filings.aspx](http://www.dtcc.com/legal/sec-rule-filings.aspx). + +&#x200B; + +https://preview.redd.it/wxp7zliokvw61.png?width=589&format=png&auto=webp&s=3ff96bae6ad24db89a990d23c6f9248c6f17a71f + +SR-NSCC-2021-002 HAS CHANGES TOO. + +https://preview.redd.it/7kdukbi5lvw61.png?width=568&format=png&auto=webp&s=9d67db48a0f218c9382d4a6bfdc9068ea81be4e0 + +&#x200B; + +https://preview.redd.it/6ispavflsvw61.png?width=638&format=png&auto=webp&s=63136595a1fa01d2c349fa708412bfbccb5cbd72 + +https://preview.redd.it/ea4wfbsmsvw61.png?width=644&format=png&auto=webp&s=be0d5f1c5b8bbf581bfce04fd97f3f78d5c02659 + +[https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) + +\---------------------------------------------------------------------------------------------------------------------------------- + +So my next step is the most simple go to the calendar and count 60 days after 03/05/2021. + +&#x200B; + +[Sorry It's in spanish and i can't change it. \(march, april and may\)](https://preview.redd.it/tenu6n8wyrw61.png?width=668&format=png&auto=webp&s=1b65bc61e9e8d02d09278df1d1366e8c6c3b0762) + +And 60 days after is the 05/04/2021. + +https://preview.redd.it/593is1zazrw61.png?width=770&format=png&auto=webp&s=04ec34822d401ba808c1b8792799ba47bcda5524 + +Thanks to these creators: + +[u/Swimmerchild](https://www.reddit.com/user/Swimmerchild/) + +[u/Antioch\_Orontes](https://www.reddit.com/user/Antioch_Orontes/) + +u/Firetorpedos + +# And thanks to every human, ape, cat, ant, fish or whatever you want to call yoursleves, that is holding the line. + +The end is near, remember that they are screwed up. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\------------------------------------------------------------------------------------------------------------------------------ + +EDIT 2: I have seen a very interesting thing. + +WHO IS NIKKI POULOS??? + +&#x200B; + +https://preview.redd.it/vvuyb38hqvw61.png?width=517&format=png&auto=webp&s=5be7ee1664692944b3a0b3be48ecdd5166a5b895 + +She has a letter of 2008 supporting our Queenkong Susanne Trimbath. + +https://preview.redd.it/oisayeqmqvw61.png?width=314&format=png&auto=webp&s=e3fbb2e46f302e7bd607d4942389df3b94622520 + +[LETTER](https://www.sec.gov/comments/sr-ficc-2007-04/ficc200704-2.pdf) +[https://www.cnbc.com/2021/12/02/ftc-sues-to-block-nvidias-40-billion-acquisition-of-arm.html](https://www.cnbc.com/2021/12/02/ftc-sues-to-block-nvidias-40-billion-acquisition-of-arm.html) + +>The Federal Trade Commission on Thursday sued to block [Nvidia](https://www.cnbc.com/quotes/NVDA)’s $40 billion acquisition of Arm from SoftBank on antitrust grounds. +> +>The deal has faced scrutiny from regulators since it was announced last year. The U.S. action is the biggest hurdle it has faced yet, and threatens whether the deal will be completed. +> +>“The proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms rely on to develop their own competing chips,” the FTC [said in an announcement](https://www.ftc.gov/news-events/press-releases/2021/12/ftc-sues-block-40-billion-semiconductor-chip-merger). +You can see it for yourself on the [news.gamestop.com](https://news.gamestop.com) website where institutional ownership is being tracked. +Source: [https://news.gamestop.com/stock-information/institutional-ownership](https://news.gamestop.com/stock-information/institutional-ownership) + +Companies like Vanguard/Blackrock etc. rebalance all the time and are not "on our side" they have been lending out shares to SHF through ETFs and make money by lending those shares out... + +"ETFs and [mutual funds](https://www.investopedia.com/terms/m/mutualfund.asp) may lend out up to 50% of their unlevered securities portfolios at any given time, according to pertinent securities laws. These funds offer these loans to borrowers who then pay [interest](https://www.investopedia.com/terms/i/interest.asp). In most cases, these borrowers are [short sellers](https://www.investopedia.com/terms/s/shortselling.asp) who are making a bet against those securities. In return, the ETF shareholders and money managers earn additional returns as a result of the interest those borrowers pay." +Source: [The Role of Securities Lending in ETF Returns (investopedia.com)](https://www.investopedia.com/investing/role-securities-lending-etf-returns/) + +It's important that we fact check even before upvoting/downvoting to keep our integrity as a community and avoid misinformation, FUD and forum sliding. +Also, with regards to getting your GME Control Number, Fidelity says to change your settings to email (instead of physical mail) and youll get them faster. + +. + +With regards to the new App, I was told that they are adding a bunch of features that have been requested. Hopefully this includes removing the restriction on Limit Orders and also includes Streaming quotes in the order preview screens; right now streaming quotes doesnt show in that screen which could be a big deal if a squeeze is going on with massive price fluctuations. For example, Don’t want to sell a share at $10,000,000 but by the time you finish filling everything out it’s down to like $8,000,000 + +. + +With regards to price halts: when the squeeze pops off, there will be many halts on the way up and also on the way down. This means im FOR SURE not selling for the first 3 days of hyperbolic price increase at least. VW squeeze lasted 4 days (with under 30% short) so GME will easily last more than 5 days with 200%+ short. So if I only sell on the way down, its going to be a few days before squeeze price peaks. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + + Hey everyone, first off I would like to just officially say hello to the Superstonk community as that of recently, I have earned enough karma to post on here. Very excited to be even more involved now! + +I’ve heard that this DD has already been posted here before, but I wasn’t familiar with it, so I thought I’d share. Forgive me if this is a repeat of DD + +Secondly, I would like to give credit to "Marantz Rantz" on YouTube for this DD. I think he might be banded on this forum? However, I think we should certainly consider all this DD below. (I'm not sure what grounds he was banded on, but I hope you all find this information acceptable) + +I felt that after seeing this, more people should hear about it. So that's what this post is for. Let's get into it! + +**Executive Orders** + +As we know from time to time, the President issues executive orders. This is a link to a majority of the executive orders through the US Department of Treasury. This is also the link to where you can find the document listed below. [U.S. Dep. Treasury EO's](https://home.treasury.gov/policy-issues/financial-sanctions/additional-ofac-resources/ofac-legal-library/executive-orders-eo) + +1. **EO #13959 -** Executive Order 13959 of November 12, 2020 Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies [EO #13959](https://home.treasury.gov/system/files/126/13959.pdf) + +When COVID happened, America refused to invest into Chinese companies. The president put out an executive order that US security companies like investment firms and such can no longer use Chinese companies as collateral. It said that in 60 days time we(US) are going to stop you from using that collateral. NOW, if you're short in a company, and you're using Chinese companies as your long, you're going to be in lots of trouble once they tell you you can no longer use that collateral. That's exactly what happens here. And the companies affected are all listed in this annex of the doc. So all of these entities were no longer allowed to be used as collateral while the 60 days came up. + +**2. EO #13974 -** Executive Order 13974 of January 13, 2021 Amending Executive Order 13959—Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies [EO #13974](https://home.treasury.gov/system/files/126/13974.pdf) + +This executive order is January 13 2021. Now, this EO tells you that it's going to go into effect. It's done. It's set in stone. But what happened to the stock on this day is very interesting. I'll bring popcorn stock into the discussion because it is relevant in this situation because of the sanctions. Check this out. + +&#x200B; + +https://preview.redd.it/7041eeiukkz81.jpg?width=1478&format=pjpg&auto=webp&s=88041cadba162c449b86fc201f90bb107b401440 + +GME showing big spike while Popcorn shows nothing. + +GameStop, on the 13th of January, when this executive order went to effect, you could no longer use collateral against it. Look what happened at GameStop on that day. There's plenty of little volume the days prior, but on the day of January 13th, you can clearly see what happens when you can't use collateral against it. As you can clearly see, nothing happened on the 13th and 14th with popcorn. + +So why are these EO's margin calling these institutions, causing GME to run? These over-leveraged asset managers like Black Rock, Vanguard, and JPMorgan have serious exposure to Chinese companies that are included in executive orders. Those Chinese assets are being used as collateral by these US asset managers. And once their billions of dollars in Chinese assets and collateral become worthless, along with the problems of over-leverage with trillions of dollars of derivatives in notion…well...need I say more? + +NOW CHECK THIS OUT + +**3. EO #14032 -** Executive Order 14032 of June 3, 2021 Addressing the Threat From Securities Investments That Finance Certain Companies of the People’s Republic of China [EO #14032](https://home.treasury.gov/system/files/126/14032.pdf) + +We all know what happened June 2nd, 2021... But let see what this EO says. + +In Section 1 (c), it says the following: *(c) The purchase or sale of publicly traded securities described in subsection (a) of this section made solely to effect the divestment, in whole or in part, of such securities by a United States person is permitted prior to: (i)* ***12:01 a.m. eastern daylight time on June 3, 2022***\*, with respect to any person listed in the Annex...\* + +After this, you can no longer do that. All of the companies on the anex will be permitted up until June 3rd. If you look at the previous dates before these executive orders expired (or enforced), you would also see previous run ups right around those dates for GME . + +WELL, what else is June 3? It's the day AFTER our annual shareholders meeting. It's that Friday, and what happens after that date? Well…it’s a mystery right now but with the little information and everything that we have going off of right now including the shareholders meeting and everything else might as well be a launch date. But of course we really don't know the outcome of all these events together. So I'm not really putting dates on anything...But why not hehe for kicks and giggles. + + +-SUMMARY + +This is what we're looking at right now. It's a one year cycle. And I'm excited. I wouldn't be shocked if RC knows these things. He certainly is a genius and it wouldn't surprise me. But if he's picking his dates based off of this? Based on this kind of movement that THEY can't use, stuff they can't use to short against us anymore or they can't use the collateral against this anymore because we own everything? What are they gonna do now?? And what are they doing… They're killing crypto, they're stealing all the money they can before they have to get to these dates on these platforms. + +Regarding this incredible article: [2022: Year of the MOASS \[8 Reasons Why ∞ Soon\]](https://www.reddit.com/r/Superstonk/comments/uf8pm6/2022_year_of_the_moass_8_reasons_why_soon/) has led me to believe that ALL these catalysts will cause the MOASS. They will all act together...and it's only time. + +**TL:DR** These three executive orders have led to major run-ups due to shorts and collateral through Chinese entities. GME has clearly been affected by these and could possibly coincide with one of them expiring June 3rd after the shareholders meeting. +Welcome to the Daily Discussion [Serious] 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://np.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, memes, lambos, etc. will **not** be tolerated under any circumstances. Low-effort content **should be reported** and redirected to the Daily Moontalk thread. To find this thread, simply look of it on the top page or [follow this link](https://www.reddit.com/r/ethtrader/search?q=Daily+Discussion%5D&restrict_sr=on&sort=new&t=new) and choose the latest entry on the search page. + +*** + +Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +* **This thread will no longer be stickied so please remember to upvote it for visibility.** + +*** + +Thank you in advance for your participation. Enjoy! + +https://www.theage.com.au/politics/federal/crunch-meeting-rba-faces-test-on-another-large-rate-rise-20221003-p5bmqq.html + +**"Big Rate Hikes Raising the risk of Recession: Economists"** + +> AMP Capital chief economist Shane Oliver said if the Reserve Bank moved rates in line with financial market expectations, the economy would tumble into recession. + + +So what'll it be? 50 basis points and raise the risk of recession? Or 25 basis points and live with hyper-inflation? Interesting choice...for me the answer is clear...75 basis points and send a message! +Hi FatFire! After years of using Reddit (this is a throwaway) I feel like I’ve finally found my people! + +I have wanted to post my situation in r/personalfinance forever, but I’ve been afraid it wouldn’t fit. Anyways, I’m very happy to have found you. Now on to my situation: + +I am 28 and married, no kids yet but plan on 2. We currently live in a big city in Colorado but my family lives in a low COL state. My husband and I have $3m net worth, primarily from inheritance. We bought one rental property in cash (in a third state) that has appreciated about $60k in the 2 years we’ve owned it and is worth about $350k now. It generates ~$2.2k in income each month (after all expenses). + +I also have a trust fund that I do not have access to except as needed. It has $4.5m in it, which will go to my kids (compound interest calculators show it will be worth $20m+ when it finally goes to them). This fund pays my taxes, insurance, bought me a car, paid for $200k of my house, will pay for my kids’ health insurance/college/etc. when we eventually have kids. I don’t include this because any requests have to be made through a corporate trustee, and I can’t guarantee my future trustees will be so open to distributions. + +I work as a condo manager for a living and manage a bunch of residential buildings. It’s really soul sucking work, but I make 60k and have unlimited vacation, full autonomy over my schedule, and think of it as training to become a landlord. I also am getting my Master’s (free) in a real estate related field. My husband works in higher education and makes $75k. We max out his 401k, HSA and ROTH, but my job doesn’t offer that so we just max out my ROTH. + +I work in a soul sucking job and people are mean. I love real estate but I’m ready to be a landlord for a living and I don’t want to manage condo associations anymore. Our city is not a good place for landlords right now- properties are overvalued compared to the income they generate. I’m having a hard time giving up the proximity to skiing/hiking/rafting to move back to boring lowCOL city though. This is why I need advice. + +Currently, our tenantative plan is to move after I graduate/after one more snow season. We would first spend ~6 months to a year backpacking in lower cost countries. My whole family is in low COL state, so we would move there after and we would buy property and manage properties full time. We are considering purchasing a ~$300k ski condo here so that we could visit whenever and wouldn’t lose the benefits of living in Colorado. The goal would be for the condo to break even financially. + +Is this a viable plan? Should we stick it out at normal jobs or do we have enough in the bank to do this? How much capital should we put into investment properties and how much should we keep in our diversified/low cost index portfolio? + +Another concern is compound interest we’re currently missing out on. Should I start applying for jobs with 401ks and should we work hard to max two 401ks out until our mid-30s? Will it have that much of an impact? + +None of my siblings work so it’s frustrating being the only one plugging away if it’s not going to have a big impact on my wealth. My background is in business/marketing/real estate so I don’t have the unlimited earning potential of the doctors/lawyers/tech people who frequently post on here. + +I appreciate your advice and thank you for your help! +Sorry for the click bait title but the more i read posts in here the more i have issues with what some people say. + +It seems alot of people on this sub are save save save and FIRE but what is the point in saving past a point. + +I am 36 i put 22.5% in pension i have an emergancy fund worth 6 months salary and i am paying my mortgage. + +Why shoukd i save an extra £2000 a year over going on an extra ski-ing holiday every year. +Going on that holiday will give me 30 extra holidays before retirement or if i save i could retire 2 years ealier but would not make up the 30 holidays i would have missed, the same with buying new clothes and spending 2000 a year on meals out a year. + +Why is there a push to save and save for a an early retirement when you have no idea what physical condition you will be in to enjoy it. I know by late 60s i will not be able to ski as i do now even if i stay fit and healthy. + +I am selling a year in my 60s to buy all the years of my 30s and 40s but why is this frowned upon? +I keep hearing this number thrown around.. + +And i don’t buy it.. + +You either lose money consistently before you make money consistently.. + +Or you lose money consistently before realising you don’t wish too pursue trading. + +Thats it - nobody really fails in my opinion, everyone gets what they came for... the market is a one stop shop for dreamers.. + +Some dreams turn into nightmares and others succeed beyond there wildest dreams + +I don’t know anyone who is making a bit of money on the side in any form of trading who is not actively trying too scale up too make it a full time thing. + +Just my 2c +The title is succinct enough + +Tomorrow starts the last week of the Q4 for GameStop, AND the last day to use your gift cards. + +If we wanna see a really batshit crazy number of DRS'd shares next report, investors are asked to hasten their DRS process if they see it fit and they're willing to do so by their own volition. + +The attitude one must have here and in life is a proactive attitude, one has to make things happen. + +Without actions there can't be consequences, it's better to have a bad plan than not at all. + +&#x200B; + +C'mon, look mad and put your game face on - pun very much intended. + +Have a great Sunday guys, go outside and fling some shit, don't stay home all day + +&#x200B; + +Peace +So Ive been a traditional investor for a very long time, and been penny stock trading for a bit now, and I can say I have a very high risk tolerance, so I know risk varies from person to person. But here are some simple techniques to mitigate risk. I understand many people want to make money, and fast and that is what penny stocks are essentially for. + +So how do I pick up the nerve to drop down 10,000 on penny stocks? I mean you can lose everything! And yes, very easy to do so. One key thing here....be diverse! like VERY diverse with penny stocks only. Ill explain why. + +I have multiple brokerage accounts, but I use WeBull for penny stocks only. I know many people dont like WeBull, but use something you like and comfortable with. But I never mix normal stocks with penny stocks. this is solely only for penny stocks. My bigger brokerage like fidelity and TD are for actual long term/swing trade stocks. + +Anyhow, I usually keep my number to about 8 to 10 penny stocks. Why this magic number? Penny stocks are a gamble, but you can make it an actual investment if you use multiple tools. For me, reddit and how often it gets talked about is a tool. Also, search for catalysts, phases, contracts, debt free, new partnerships. Then my biggest thing is investing in penny stocks that analysts are bullish in. Chances are if analysts are bullish on it, has catalysts, and comes up a lot on reddit, it will shoot up. So 10 is my magic number. 1000 on each "trending" penny stock. on average most will give you maybe 0 - 5% return, some will be - 50% return, but 2 or 3 will be a 100 - 500% return which even if all 7 or 8 fail, you can possibly still get high profits by 50% when accounting all your losses, which to me, 50% is better than -50%. + +I have been doing this with 8 - 10 penny stocks at a time and I essentially havent had any "loss" as a whole. Sometimes I break clean even, but more than often, penny stocks will usually give -5% to -20% when going south while the other winners can give you 50% - 500% which greatly takes out the risk. I unusually try to sell at the analysts price point since I only invest on what is trending with analysts. I sell once I reach that point and reinvest the profits. One of my biggest tools is the brilliant people of reddit who do DD and share it which allows me to weed out the good penny stocks, so a huge thank you for that! + +So example, I am in KTRA because I see its trending on reddit, analysts are bullish on it and also has a pretty high price target with a catalysts. good sign. I am going to wait till it reaches $4 - $5 (unless something changes or the analytics change). so I dropped 1k on it while it was $1 (my rule is usually 60% below analysts say). so this will be a $4k profit, sell it, then reinvest that 4k into 3 or 4 other penny stocks and try to keep my entire portfolio around 8 to 10 penny stocks only, if not ill keep that profit in my wallet until the trend is over on some other penny stocks, then look for more to fill in. + +hope this helps!! +TL;DR: The goal of the post is to spread FUD by lowering the price expectations from $10m to $100k and to make you worry that this will take months to unravel so better sell at $100k than not. Please beware. + +**EDIT 1: The post has now been removed and locked by MODS. THANKS!** + +~~**EDIT 2: The post has now been made visible again by MODS**~~ (AND it’s gone again now) + +**EDIT 3: Thanks for pointing out that I need to wrap this post in a credible amount of “BUY & HODLE” and rockets, so here we go: 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 buy and hodl 🚀 🚀 🚀 🚀 🚀 🚀** + +I read https://reddit.com/r/Superstonk/comments/n28mhx/the_180_wall_explained/ this morning and I’m amazed as to how many just jumps right in and accept the post as truth. + +Here are my thoughts and why I think it’s definitely worth AT LEAST being cautious about the post: + +1. It’s NOT DD - even though many responds to it as “god tier DD”, it’s not. It’s just someones opinion. It’s not backed by with the amount and quality of proof, that real DD needs to have and is mainly speculation. **It was posted as DD flair, but our MOD team changed it because it’s NOT DD.** +2. It’s main take-away is the anchoring of a $100.000 CEILING and a prolonged period of time with 2 squeezes, clearly making some people think about the $10m floor and if it’s just too much. **MOD /u/heyitspixel has already stepped in with a pinned reply that he does not believe the plot about 2 squeezes**. Mod team quote: *“To everyone unsure about one or two squeezes taking place, you should read the comments. A lot of folks explained, why it’s nearly impossible to squeeze twice. I agree with them.”* +3. It introduces a new FUD about - more or less - that the power is not in OUR hands but rather we’re just a mere pawn in the chess play where we will just have to wait for the DTC/SEC to judge whatever is going to happen. “Not being up to apes” is a dangerous thought and WILL create paperhands. +4. It’s from an “unknown” poster that has not produced any DD before and out of the blue, the lightning strikes and he has THE answer to “everything”. The poster has almost no history here and as MOD’s already replied in a pinned reply to the post, it has already been posted once a couple of days ago. Now the poster does it again even when arguing he’s almost to sick to stay awake? +4. It plays on the “oh I’m [the poster] so sick, but I’m doing this for you guys [martyrism]” to build empathy for the guy so it’s harder to ask the “uncomfortable” questions, pointing out that it’s FUD. +4. It has more uploads and awards in a short time than I would expect to happen organically (ie. I think it’s “backed” by shills/bots) +5. It completely turns the gameplay upside down by arguing that it’s actually not the shorts, that are keeping the price from hitting 180 but the longs. The centiment in the post is that the shorts would like an even higher price and more volatility - basically a 180 degree reversal of the common belief in here after 3 months of VERY much digging and DD writing/reading. If this was actually the case, it would be VERY easy for the shorts to raise the price as they could just hammer the marked with buy-orders by starting to cover, EASILY outweighing the longs. + +To me, there’s just too much “fishy-ness” going on in this post and I’m a bit concerned that 100s of you just jump right in because it’s confirmation bias that turns off your critical thinking. + +TRUST NO ONE ! +Hello! I’m kind of new in savings and financing. I’m 21 years old and have about 11k in savings and would like to increase it up to 50k or more by the time I’m 25. I usually get $1200 a month, I live with my parents but Pay $500 rent a month, everything else Is paying my car and savings money. + +Any tips that you could give me to reach my goal by the time I’m 25?? +"Savers under age 59½ would be able to tap their 401(k) and 403(b) money without the usual 10% early withdrawal penalty. This would also apply to individual retirement accounts." + +"Normally, if you were to take money from your retirement plan, you would be subject to a 10% penalty if you’re under age 59½, along with income taxes on the amount you’re withdrawing. + +The relief bill gives you the opportunity to pay the taxes over the course of three years. You can also replenish the amount that you pulled from your retirement account over that time. + +These distributions may be taken by people who themselves are diagnosed with coronavirus, or whose spouse or dependent has been diagnosed with COVID-19, or who experience adverse financial consequences from being quarantined, laid off or furloughed." + +From https://www.cnbc.com/2020/03/23/congress-may-let-you-take-100000-from-your-401k.html + +Isn't this a huge opportunity for the FI/RE minded who may be in low taxable income years? Similar to doing Roth conversions from an IRA but without the 5 year waiting period before spending the converted principal? +This is not financial advice, do what you want with your money, yada yada. Just saying, there's always going to be something bright and shiny tempting apes to sell before the Squeeze is Squoze, but that would be a giant mistake. +Full disclosure, I already have a small amount of BTC (chump change, but still). + +During the BCC fork, everyone did the sell-to-BTC, then get BCC, then buy back alts. Including me. Now that Bitcoin Gold is a thing, folks expect the same returns. However: + +* The date of availability (trading, liquidity) is still unknown and will happen weeks after the fork. So, any ROI will be strictly BTC if it rises, or a loss if it drops. Buying back into alts using the "free money" will not be an immediate option, the same way it was with BCC. I don't want to watch the alts spike back up while I'm waiting for Bitbase or Polobit or w/e tiny exchange to pick up Bitcoin Gold. + +* The fork, from what I understand, is user-driven by a small group and not comparable to the 2X / BCC debacle. This is like comparing a company-wide union protest, to a small group of ex-employees who started a new company in a crappy strip mall office. The bulk of big names and big money that caused BCC to moon (temporarily...it's back near an ATL now) is absent in this case. + +* BCC was the first time many new (ish) adopters have been through a fork. Thus, many expect the same with Bitcoin Gold. But, smart money knows that folks are de-alting in hopes of free money. I'm planning on snagging some $7 OMG and $1.50 PAY, but with FIAT. Adding to stack > gambling on glitch. + +Yes, I'm keeping my BTC in a paper wallet to get some "free money," but I am not selling a single alt, unless one of my drunk buys spikes for some reason and I can dump a bag of 1ST or BURST. I really encourage everyone to look at all angles, but I'm not gonna pretend that this is even close to the R/R ratio of BCC. + +On the upside, bring on the cheap ETH. +I tried a Google search but it just came up with Motley Fool articles. Has he ever spoken on the Big 5 before? I'd love to know his thoughts on them. Anyone know? +I haven’t been trading that long, only around 5 years but pump and dumps were the majority of the plays when I started. They slowly disappeared and it seemed the SEC was going after the pumpers. With the meme stock explosion I’ve noticed pump and dumps are re-emerging just more crowd sourced now. + +If I ever say I’m shorting a stock, I get nothing but downvotes. I’ve tried to ask other redditors about it and they’re all in the pumps so I’m told I’m wrong. Im not complaining about people getting sucked in as a lot of them are profiting and that’s great but they should at least realize what’s really going on. + +I short 99% of the time and these pumps make great set ups but I’ve definitely noticed how a bunch of buyers stay in the game longer than they used to so I look around the internet to see what’s spurring the bullishness and it’s always just a post on Reddit. + +I remember Tim Sykes popularity going down as it should since he was only profitable during a time that will never come again but now I see all of these off shoots of him. They’re not affiliated with him but they act the exact same, pumping stocks to their group and once it goes up because they’re all buying they seem successful and knowledgeable about the market. + +Please tell me I’m not the only one here noticing this? +**Rule #1**: Keep your fk’n mouth shut. +The biggest threat to your well being will be determined by who you tell and how many people know. There are ways to spend tons of money and not let people know you have it. Don’t let the left hand know what the right hand is doing. + +**Rule #2**: Don’t buy the lambo. Pay your taxes. +The taxman will take everything if you don’t give him his piece. Set the money aside, pull out what is only needed to survive for a month, pay off some debts, and just breathe while you follow... + +**Rule 3**: Build that team. +Get an accountant, a tax lawyer, an estate lawyer, and fiduciary financial advisor. Don’t go with any old joe. Find people who already work with successful millionaires. Look for big firms. Look for people who are complete strangers but have the reputation of trust. + +**Rule 4**: Be humble, don’t dance. +Don’t make it rain. Don’t rub it in. Don’t show off. Breaking this rule also breaks Rule 1. Remember where you came from, remember you got lucky, and remember what it feels like to survive on mushy cheap ramen that has barely any flavor for years at a time. You came from poverty, and if you fuck this up you will go right back there. + +EDIT: I’ve seen some good points on the matter of luck. I see how this can be a difference in philosophy and should clarify. You are not an imposter who stumbled into buying and holding. You did work, you learned hard things, and you made a decision. You will deserve what you get out of this. My philosophy on luck, though, is that while you steer this ship, it was lady fortune that made sure you found it. You could have seen the single piece of FUD that caused you to walk away, but you haven’t. You could have had a life that or interests that kept you off of Reddit. You could have been born at a time or place where participating wasn’t an option. But guess what, your here. Life’s billion little circumstances put you here and gave you a choice. Be a paperhand, or be diamond hand. You chose diamond hand. + +EDIT to EDIT: I also agree with Luck = Labor Under Controlled Knowledge! Good one. I learned something new and I thank you for it. + +**Rule 5**: Don’t mess with someone else’s money, life, or spouse. +Money can be a powerful thing, but don’t let it lie to you that you can have anything you want. Don’t screw over someone to make another dollar. Don’t see people as expendable. And don’t cheat or allow someone else to cheat. Play it safe and there won’t be any reason to take you to court, sue for money, or arrest you. + +**Rule 6**: Be the hero people need. +Some of us are going to be Bruce Wayne levels of wealthy. Sure Batman is cool and all but you have an opportunity to leverage your money to improve the world, and not do it in a way that is covertly sinister. Set up UBI programs, anonymously sponsor struggling but talented creators, set up scholarships, swoop in to fix major problems at a loss. + +EDIT: Bruce Wayne uses his money to buy cool toys and fight the mentally ill criminals of Gotham instead of funding social reform programs that would have prevented nearly all of his rogue galley from turning to crime. Poverty is the largest driver of crime. Let’s fund some stuff to end it. + +**Rule 7**: Bring people along for the adventure. +Find ways to change the lives of family members and friends in a way that doesn’t make them reliant on you but will let them join you on your adventures. Your team will have good advice on this, but make sure that you can build relationships on love and trust, not your bank account. You have a head start by following the previous rules. + +EDIT **Rule 8**: Care for your health. +Get to the doctor you have been needing to see. Take care of that pain you have been ignoring. Talk to them about the headaches or the mole or stiffness. You can afford it now! (And yes, I get how that might not apply outside the US because only in the US do we ignore health issues due to income.) For mental health, see a professional even if you don’t think you will need one right away. A councilor at minimum will be able to help you talk through the complicated emotions you will be experiencing, but a therapist might be good if you have been ignoring your ADHD, anxiety, depression, or hallucinations due to your poverty. There is no shame in seeking unbiased, professional assistance! Also, if you are religious it wouldn’t hurt to seek spiritual guidance at this time. + +Overall EDIT: Grammar and Words. + +Las EDIT: I am blown away by the response and thank you all. I hope we can all come out the other end better people, and not just rich apes. My hope is that we all become a little more kinder, gentle, loving, patient, and caring, but also badass and ready to get shit done. Love you all, be safe out there on your own adventures. +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! + +The stock APA apparently had a "corporate action" last night where its name changed. This resulted in the average price for that stock reporting as zero both in TOS and the API, even though both still showed a positive quantity. It also showed me as having a massive gain for the day. Had I not noticed it my bot probably would have misinterpreted that cost and sold at a loss. I don't know if there was any way to see this coming. The action was not in the calendar. I talked to support, and they just told me I could see my buy data on the website. + +So now in my code I have a new check for zero cost and will probably be implementing my own recording of average cost. + +Just an FYI for anybody out there relying on TDA. +First, about 6 months ago, $5.5K was taken out of my checking account via ACH. Chase refunded it and I closed out the account and spent a month reconnecting all of my finances that used that account. This just happened again with $3K from my new account. The first time it showed up as a PayPal payment and this time it showed up as a Venmo payment, but neither showed up on my PayPal or Venmo account. + +I believe someone somehow has access to my phone number? Is this possible? They can send and receive texts from my number I believe. There are a few reasons why: There was a few months where I would receive calls from numbers that were very similar to mine (the area code and first 3 digits were the same). I finally answered some of them, and they were usually the same, I would say hello, and the person on the line would be sound confused and say, "hello who is this?" I asked 2 of them how they got my number and one of them said they got a text from their son from this number and was calling back. Also, I just reset my Venmo and PayPal password again to be super secure, and when I went to get a verification code, it came from two different numbers, 86753 (which is legit because I've received all my notifications from that number), but another text came from 16466796281 with the verification code. I feel like this one is fake. I'm guessing they are brute forcing my password and using my phone number somehow to 2 step verify? My passwords are way better now than they were before and aren't brute forceable anymore. + +Has anyone heard of a scam like this? Is there a way to see if someone is using my number somehow? Is there anything else I can do? Thanks! + +EDIT: It sounds like from the comments the phone calls and the bank fraud are separate issues, although I am not fully convinced based on the timing. I believe my Chase login was compromised. I have changed passwords for Chase, Venmo, PayPal, Google and made them even more secure. I use LastPass for all of my logins. I am also getting a bunch of people saying SMS 2 factor authentication is awful. I'm going to use Google Authenticator where possible. I still have a hard time believing SMS is worse than email authentication. Any proof on that would be appreciated. + +EDIT 2: Thanks everyone! It's crazy that a lot of people are going through the same phone spoofing ordeal. There has been a ton of great advice. I'm still trying to read through all of it. This sub is awesome! + +EDIT 3: Some more info, immediately after the money was stolen, I checked Chase and Venmo and it looked like I had unauthorized logins on both of them. On Venmo I was able to remove all of the devices. For Chase I had to call support, but they were able to clear all saved devices as well. I never got any validation texts for logins. This keeps pointing me back to someone having access to my phone. I'm going to go into T-Mobile today. +Two part question: + +1. Do you believe we have hit a recession (I do not mean using the strict definition), I mean do you see the market as heading that way and if so... + +2. What companies/ sectors do you see the market turning towards when the recession is in full force? +I’m a finance student that is finally sitting down and reading everything on my list - The Intelligent Investor, The Little Book That Builds Wealth, Common Stocks and Uncommon Profits, and so on… + +I’m a few chapters in and a lot of this stuff is telling me things I already know. I grew up listening to Buffett and the overall message I get is that the closest thing you’ll get to certainty in such an uncertain market is relying on fundamentals over the long-term; everything which I’ve enjoyed learning about in school through business/economics classes. + +That being said, I’m honestly finding myself more interested in a career outside of portfolio management. I’d like to do investment banking and eventually pivot towards venture capital. For all the work that goes into picking stocks, I feel like I’m (personally) far happier putting my savings into a market index and calling it a day as I focus my time on other interests. Maybe it’s the timing, but I’m also honestly unsure of what to make of the markets in their current state right now. I can’t imagine having a job where I analyze every company and come to the conclusion that it’s selling for way above its “fair” value. + +Should… I continue reading these books? I apologize if this is a dumb question. Maybe I’m thinking too highly of myself, but I feel like I haven’t gotten too much out of Graham’s book so far. I’m planning on reading Investment Banking by Pearl/Rosenbaum as it relates to the work I want to do, but as for the typical investment books that are recommended for people getting into finance, I don’t know if they’ll offer me much new insight. Although I’m sure they’re great for refreshing knowledge and for referencing in the future. + +Thoughts? +Some may call this a PEG valuation method but I just wanted to share how Lynch has described it in his book and he pretty much explains that a company with a growth rate of 6% a year and a P/E ratio of 12 in an unattractive investment, however a company with growth projections of 12% and a P/E ratio of 6% can be attractive. In general, a P/E that is half the estimated growth rate is very positive and one that is twice the estimated growth rate is negative. + +This is calculated by dividing the long term growth rate by the P/E ratio. For example, say a company's long term growth rate is 15 and the P/E ratio is 10. 15/10 is 1.5. + +Lynch has said that anything less than 1 is poor, 1.5 is okay but 2 or higher can be a good opportunity. Let me know your thoughts. + +&#x200B; + +Btw, I have a video talking about it in a bit more detail if you want to check it out. + +[https://youtu.be/R9QJJRrBcAs](https://youtu.be/R9QJJRrBcAs) +In my opinion it is because he is focused on value of the equity and not the value for shareholders and debt-holders debt, but want to know what you think. + + +Disclosure: I own 100,000 shares with a group. + +Joann Stores is an arts and crafts retailer; it is the only pure-play because Michael's was just purchased by the Apollo Group for $6 Billion, including debt. I want to give you the rundown as I have been following this space for about 15 years (on a high level, not an industry exec or anything like that). However, I remember when AC Moore's arts and crafts were public, if anyone remembers that. Anyway, some bullet points show a bit of a timeline and some catalysts as to why I think this stock can quickly go to $20 to $30 within a year. + +The company has 855 locations nationwide and seems to be shrinking going forward as they closed down 12 sites last year and opened 0. + +16% of their revenues is "omnichannel," which is online but can be picked up at stores, etc. This was a 194% improvement from 2019. + +The company owns an online tutorial business called CreativeBug.com, very underutilized in my opinion and should expand its business reach. + +The company was acquired in 2011 for $1.6 Billion when it had no debt and is now at $400 million market cap but with $800mm in debt. + +Leonard Green, the private equity firm, extracted over ten years $2 to $3 Billion from cash flow since the acquisition, via debt and operating cash flow. + +PE firm loaded about $1 billion in debt and was able to buy a good chunk of that back at an average of 43 cents of the dollar, fucking ruthless if you ask me. They made the company so cash-constrained with debt that it worried debt investors so much that they ended up buying back some of the debt for as low as 38 cents on the dollar. Now that they are public, they can't do these types of deals since a PE firm can't just funnel the money to buy back debt cheap; talk about screwing bond investors. + +The investment bankers mispriced IPO. PE firm wanted $15 to $17 and got $12 since the demand book was pretty light. Yet, 6 WallStreet analysts released price targets of $17 to $27. I don’t put weight in their price targets but when I did the numbers myself I think the range is about right. + +The company was very profitable in 2020, given the 25% revenue growth from the pandemic. Still, the costs increased $70 million due to China tariffs and $60 million due to COVID-related labor costs, so the business could have been even more profitable. + +The company is paying a 40 cents a quarterly share dividend which makes it out to 3.33% a year. You may ask why a company with a lot of debt wants to give such a high dividend, and the answer is that Wall Street is not providing these types of retailers a high P/E multiple. Michael's was sold for 9x 2022 Earnings (and was bought out, so what does that say, private equity firms don't spend $6 billion to lose money). Retailers like this historically have traded between 10 to 20 times next year's earnings given their stable growth and their operating margins and JAS is trading at around 4x 2022 earnings, a bargain. + +This business does not grow a lot; it is mature and somewhat saturated. There are about three major players and a bunch of mom-and-pop shops. The largest is Michael's and Hobby Lobby and then Joann, but there is also stuff sold on Amazon, Wal-mart, etc. but just the basic stuff. The arts and crafts consumer is pretty sticky, and they like to go to stores and talk to the people working there and touch and feel the products they buy. This business will be hard to be 100% online; like furniture shopping, it never will be 100% online. + +I would give the management team a C+ concerning the execution of the business. I don't give it an A or B because an A+ management team can grow the business AND increase cash flow. The management team is cash flow driven (their bonus compensation is based on how much EBITDA they generate) and not towards growth or new opportunities, which is what a lot of stockholders want, growth. The compensation should be based on revenue growth, cash flow, dividend growth, and profitability vs. just one metric. So, for example, bonus given if the business grows 10% a year, operating margins are 10%, X amount of debt is paid off, X amount of dividends are paid, and EPS is at least 10 to 20% higher. I understand why the bonus is only tied to EBITDA because they were owned by a PE firm and were too cash constrained to not look at new vehicles of growth such as a competitor to ETSY. 25% of the Joann customers sell the stuff they create on EBAY and ETSY; if this isn't a fucking WAKE THE FUCK UP call to launch a competing service, I don't know what is. + +However, that seems too fucking hard these days for management that like to make a lot of money for doing nothing. So, I can only keep dreaming for the day we have shareholder-friendly management compensation bonuses, etc. If the store managers are given rewards based on a few metrics, so should the C-suite. + +Joann has a 71 million customer database and tens of millions of e-mails that seem like a few years ago. They figure out they can sell online 3x the number of products than within the store, thus creating better margins and growth; at least the management team figured that out. + +I have modeled a ten-year forecast for the business, I know many of you may not want to own this for that long, but it gives me a perspective of where the company is going and what the business can do. I am pretty conservative in my models because I would be approximately correct than precisely wrong, and being conservative help. + +In my model, I have assumed the following: + +1. Topline revenues will grow about 2% per year for ten years. +a. Assumed they decrease store count by 15 stores a year consistently for ten years. This will drop revenues but should increase profit margins. +b. Assumed 10% growth rate per year of omni-channel (online) for the next ten years. +c. Assumed NO Etsy competitor-like business. +2. Operating margins improve from 6% to 11% over ten years. +3. The company can continue to puke cash and increase dividends 10% a year. +4. Can be debt-free within 5 to 8 years. It depends on what it wants to do with all the cash flow it generates, but if the P/E multiples in the space are not being rewarded, they can be more aggressive in giving out dividends. I say this because Michaels had $1 billion in debt, had 11% operating margins, and was still sold for only 9x next years earnings, so until that next year earnings becomes at least 15x the best thing to do is give a higher dividend yield and refinance the debt every few years at lower interest rates, seems like the government does not want higher rates for a while. +5. I assumed a 21% tax rate, but given Biden administration can go to 30% so that can hurt the numbers a bit. +6. I assumed worst case scenario was 3x P/E and best case is 11x P/E over a 10 year period. Here is what I get: +a. 2021 is $6.80 to $25 +b. 2022 is $8.50 to $31 +c. 2023 is $10 to $37 +d. 2024 is $12 to $43 +e. 2025 is $14 to $49 +f. 2031…yea I skipped a few years…. is $21.50 to $80 +g. Keep in mind this does not include the dividends you collected every year either. + +Conclusion +JOAN is selling for an insanely cheap multiple and the best part is you get a nice dividend of 13% a year if it keeps trading at a low multiple, I really don't see this trading at less than 3 times earnings for 2021 so the real downside risk is to $9/$10 and worst case you get paid to wait, better than the money you get a bank these days, right? + +As always I welcome your thoughts and comments. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I had a really great year with my company (very large 50000+ employees), deployed 2 new initiatives and was a major part of my department's bi-annual audit. We got the best scores ever, and both my boss and his boss stated that it was in large part due to the information I was able to provide. + +My department is broken up into teams, and the team that I'm on consists of my boss and 4 others. I have the highest rank of the other team members, although some have been here longer than me. I am also the only woman on my team, and the highest ranking woman in the department. + +When the written annual review came up, my boss marked "exceptional" or "outstanding" for all of my categories. This week, we got our raises, and mine was very disappointing. With the scale being 0-4%, I got exactly 2%. In the past years here, I've never gotten lower than 2.5%, usually 3%, and I've never had a busier or more productive year than 2018. I honestly thought the past year was my best ever here, and that my raise would be at least 3%. + +In recent calls, my boss has made comments along the lines of how he has such a great team, and how everyone has exceeded their goals. I used to be a manager (at another company), so I understand the whole "pool of percentages" and that things have to be divided fairly (from the manager's perspective). However, I have always believed that each employee is an individual and should be evaluated as such. If everyone had an outstanding year, then everyone should receive and "outstanding" percentage increase. + +We do not work in the same office or even the same state. I call at least once a week (usually goes to VM), send weekly updates on progress, and email every day (about something or nothing), just to stay in touch. I’m pretty sure he’s going to use the remote aspect and lesser communication as part of the reason – however he is the one who consistently cancels our weekly calls and does not answer emails. + +He is going to call me later today to discuss. I know there is no way to change this now, but please help me calm down and determine the right things to say. + +Update: First, thank you to every single one of you for taking the time to respond. I have been reading through all of the posts and seriously appreciate your opinions. + +My boss called a little while ago. I told him I was surprised and disappointed in the increase amount, given the exceptional work “we” had done. He said that everyone on our team was given 2%, that the amount was set by our CIO and the only way to give anyone more would mean someone would get less. + +He also “reminded” me that I am the only one on our team (besides him) that gets a bonus. That comment has led me to believe that I in fact was given more than 2%, and he took my extra and divided it among the others on my team. Whatever. Today has been an eye-opener for me, for sure. + +I’ve updated LinkedIn and turned on recruitment. At my age and in my circumstances, changing jobs isn’t a picnic. It may all come to nothing, but who knows. +I bought my house 2 years ago, with a 2.875% interest rate. Since the beginning, I pay an extra $100 toward the principle amount (in addition to the mortgage + escrow total due) and it scheduled to shave off 3 years and $15k in interest savings. + +My question is that with interest rates climbing much higher, recent inflation, etc., would it be better to use this money for something else since the home loan is “cheap money” at such a low interest rate? Or is it more worthwhile to keep making the extra $100 principle payments to save all of that interest? +So I (26M) have been able to save about 5K since this pandemic started. I have the self lender app, acorns, and Robinhood. I started doing Uber eats deliveries not long ago and now I put half of all the money I earn in a night into stocks via robinhood. My problem is I don’t know how to stop acting broke and I don’t know what to do with all my money. I’ve been giving some serious thought into buy a house in the tri-state area Turning it into a rental property. I just been broke so long I don’t know how to stop acting broke. Anyone got any advice on how to find a chill button because I still can’t stop stressing over money. +I’ve done (and updated) analysis on everything you can redeem Qantas and Velocity points for – e.g. flights, upgrades, taxes / surcharges, online store items, hotels, car hire, charitable donations etc and calculated the $ (or more like cent) value of each. A summary for each is below + +Don’t want to force anyone to read through it but if you do and can give any feedback it’d be much appreciated! + +&#x200B; + +**Qantas:** [https://laymansterms.com.au/how-much-is-a-qantas-point-worth/](https://laymansterms.com.au/how-much-is-a-qantas-point-worth/) + +TLDR: Classic Rewards flight bookings are the best use of your points with a value of 2c – 8c per point (all AUD). Avoid using points to pay for car hire, hotels, taxes and 3rd party fees, anything from the Qantas Online Store and “Points Plus Pay” flight payments as you’ll only get 0.2c – 0.7c per point. + +If you have Platinum Frequent Flyer status or above, use your points for flight upgrades to get between 4c – 11c per Qantas point. + +&#x200B; + +**Velocity:** [https://laymansterms.com.au/how-much-is-a-velocity-point-worth/](https://laymansterms.com.au/how-much-is-a-velocity-point-worth/) + +TLDR: “Reward Seat” flight bookings are going to be the best option and give you a value of 1.6c – 5c per point. Avoid using points to pay for hotels, taxes and 3rd party fees, anything from the Virgin Australia Online Store or “Any Seat” flights. Otherwise, you’ll only get a value of 0.2c – 0.6c per point. + +If you have Gold or Platinum status, use your points for flight upgrades to get between 9c – 24c in value per Velocity point. +Yesterday ATOS drug was cleared from the Phase 2 FDA study because the results were so freaking overwhelmingly good. Here is the article: + +[https://www.globenewswire.com/news-release/2021/02/02/2168338/0/en/Atossa-Therapeutics-Phase-2-Endoxifen-Breast-Cancer-Study-Produces-Substantially-Positive-Results-Allowing-Study-to-be-Halted-Early.html](https://www.globenewswire.com/news-release/2021/02/02/2168338/0/en/Atossa-Therapeutics-Phase-2-Endoxifen-Breast-Cancer-Study-Produces-Substantially-Positive-Results-Allowing-Study-to-be-Halted-Early.html) + +Today another article came out, they did a check up on a patient who was probably going to die 2 years ago (they don't allow these types of experiments otherwise usually), so they gave her the drug to "test" it on her, she was going to die anyway type of thing. 2 years later, and she's alive and doing fine. Article: + +[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) + +The news did not hit the mainstream outlets yet, I think this stock has a lot of potential, I mean... Overall, any company that heals breast cancer probably has a lot of potential lol + +&#x200B; + +**Edit:** Someone asked me where the article says that the lady was going to die, it does not, it's an assumption of mine. Because the only way to get into the FDA compassionate use program (Expanded Access) is ONLY if you fall under these categories: + +* Patient has a serious disease or condition, or whose life is immediately threatened by their disease or condition. +* There is no comparable or satisfactory alternative therapy to diagnose, monitor, or treat the disease or condition. +* Patient enrollment in a clinical trial is not possible. +* Potential patient benefit justifies the potential risks of treatment. +* Providing the investigational medical product will not interfere with investigational trials that could support a medical product’s development or marketing approval for the treatment indication. + +Source: [https://www.fda.gov/news-events/public-health-focus/expanded-access](https://www.fda.gov/news-events/public-health-focus/expanded-access) + +&#x200B; + +**Edit #2:** I didn't expect this to get more than 10 likes... Dang. Thank you guys for the awards. I want to be clear that I'm not a financial advisor, I posted this when the price of the stock was at about 3.20 and it later dipped to 3.05. You are responsible to pull your money out in case the stock begins to go down. Though, our fingers are crossed for the moon ofc :P + + +**Edit #3:** First gold, dang, thank you kind stranger! Stay green guys, **set stop losses**, pharma industry is unpredictable! Love you guys, hope you all bank :) +Yup, you read correctly. That’s a hundred milly. For each share. Please don’t come at me with how unrealistic that is, or ‘the govt will stop’ or there’s not that much money out there blah blah blah. + +I don’t care. I really just don’t give a shit about the shill/fud bullshit. I’m not telling you what to sell your shares at. I’m telling apes what I want. + +I’m anchoring my mind to a number. +A big number. For no other reason than this, in this one unforeseen, ‘infinite loss’ flight into the unknown? I’d hate to get off early and then see that it ends up being possible to take a massive chunk of cash home. This is a one off Black Swan. A fuck up by the greediest bastards on earth. They are wide open to an infinite loss situation. I have no fucking idea what will really happen. And that’s the thing. There is actually enough cash there. Maybe not for every share... that’s true. but then again, every share is not for sale or will be sold. + +Which is the crux of the issue. If GME is naked shorted past 100%? If the float gets locked? And Moass triggers? Then the system needs to buy everything that’s available. Which can’t happen. Cause some crazy fuckers won’t sell. At all. Ever. And so the system cannot close the positions. + +So...here’s me. I want 100 million. Why? Cause I like that number. I’ve liked it for a while now, plus the bizarreness of the situation tells me it’s possible. Yeah I know, not every share can be sold at blah blah blah. Saying it again, not ALL shares.... just a handful at the peak of the spike. And if I ever see 1 million per share I’m calling it proof of concept and it’ll make me more determined than ever. + +So. Saying it out loud. Here’s my Price Anchoring post. + +$100 million. + +Now one of you greedy fuckers please tell me it’s not enough 😁 + +See you on the moon. 💎👊🏼🦍 + +Edit- you lot blow me away. I threw this up to annoy the shills and here you all are updooting, awarding and commenting like crazy. Apes hooting and hollering and throwing bananas everywhere. Makes me smile. + +And the number of you who say I’m lowballing . +Like I should think bigger? Hmmm, Bigger... starts with a B. Umm, really? We gonna use Billions?? 😱 Well then, I really hope some of you get there. Go be the change you want to see in the world.😁 +I have a fund of 2 lakh received from encashment of SIP. Need to invest it again with a further 10k investment per month. I want to keep an emergency fund of 50k which I can encash any time. Otherwise all excess amount is for long term. Tax benefits are welcome but not a must. I don't understand the market very much so please keep it simple. And thanks in advance. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have six days left until payday, and for the first time ever, I still have $43 left in my account after bills, and I think I'll actually be able to get by until payday without touching it. I don't have much leftover after bills, but originally the little bit I did have leftover was going straight into snacks or fast food because I was either too tired or didn't have time to cook real meals, even when there was food in the house. Admittedly, that's part of how I found myself with so much credit card debt. I have started making huge meals when I can/do cook, enough to set aside at least two portions (one for my partner, one for myself) to heat up later when we get hungry instead of going out to buy something quick and easy. This, along with a budget, has seriously helped me. I definitely don't think a budget can fix everyone's problems, but for me, it has worked wonders, mostly because I grew up a very reckless spender--much like my father--which is how I found myself in this position in the first place. + +Roughly 40% of my monthly bills are minimum payments on various credit lines, and the payments I have left to make on our car. While I could say the credit cards I have maxed out were due to being between jobs, they really weren't. I wasn't responsible with them, and would be in a much better position financially if I had just never had them to begin with. My parents never really taught me anything about finances and I have found out the hard way how difficult it is to climb out of a hole you've already dug yourself into. I didn't *need* the cards at the time, I just *wanted* them, and their minimum payments have nearly doubled my bills as a result. I've definitely reevaluated my financial situation and my credit cards. Once they are payed off I'm never putting myself in this position again. I currently keep them at home in a drawer, untouched. I don't have the numbers memorized, and I never touch shopping apps anymore so I don't risk the temptation to use them for online spending. + +I have money leftover after bills (thankfully), I just really needed to reevaluate my spending habits with that leftover money. I am working very hard to keep any extra set aside so I can start shoveling it into credit cards one by one and get them payed off so I can remove their minimums from my monthly expenses. One credit line has a minimum of $80/mo currently (it will go down to $45/mo in 2-3 months) and my other two credit cards each have a minimum of $25/mo. That's over $100 just in credit card debt that I'm paying monthly. + +We have seven payments left on our car. Six actually, we made a payment yesterday(YAY!). My share is $150/mo. That's another bill I can make disappear in six months or less. If we get a tax return we are planning on fixing the car's radiator (we've been putting it off as long as we can because it's a $300 fix) and then putting as much as we can back into paying off the car so we no longer have the payments hanging over our heads and can officially *own* it! I have also found a phone plan I'll be switching to soon that will bring my monthly bill down from $36 paid monthly (\~$440/yr) to $180 paid annually ($15/mo). + +My goal is to have my debt paid off by summertime. I have a new job lined up to start then. This job has been offered to both myself and my partner and at minimum, we will be making $6k/mo combined, 2 weeks working Mon-Fri, 2 weeks off. Even though I know we'll be in a great financial position then, I'd still like to start with a clean slate, everything paid off, no debt leftover so I can start saving/contributing to retirement accounts at a young age--I'm 19, he's 20. I plan to pay off my credit lines/debts in the meantime one by one in this order: + +\-CC #1 $300 balance, monthly minimum $25 (impacts credit score, 26% APR)-CC #2 $300 balance, monthly minimum $25 (impacts credit score 26% APR)-CC #3 $815 balance, monthly minimum $80, then eventually $45 (does not impact credit score, 0% APR) EDIT: I guess it DOES impact my credit score, things changed since I first opened the account, but I still have 0% APR thankfully!-Car $975 my share ($1,950 total) (does not impact credit score, 0% APR) + +I'll put more into the car than my share once my other stuff is payed off, as my partner put more money down in the beginning than I did, so in the end it will even out, and I don't mind putting more in on my end anyways, I just want the bill gone. + +It's been a lot of learning these last few months, most of it just understanding the value of money, and wrapping my head around concepts I was never taught growing up--saving, budgeting, not spending recklessly. I don't have much free income after bills to begin with, mostly due to my prior stupidity over the years. I make roughly $900/mo, and my bills average out to around $750, sometimes more if the car needs maintenance, food stamps don't cover groceries, etc. I definitely make enough though to work on putting myself in a better position, especially when it comes to clearing up debt. + +I guess I just wanted to share, I'm super excited that for once in my life I finally feel on top of my finances, have a budget, a plan, and still have money in my bank account before payday. First priority right now is *keeping* it there. I wish I had learned better spending habits earlier in life so I wouldn't have put myself in this position, but I'm just happy to be finally getting on top of it at least. + +EDIT: Wow, didn't expect this to blow up! 10/10 the community in this subreddit is super wholesome and helpful, it's absolutely fantastic to see so many people taking time to give advice and show support! +&#x200B; + +[Banner submission by u\/Lillywonkas ](https://preview.redd.it/fs0wmmhu14z61.png?width=960&format=png&auto=webp&s=0a93deaa9c1c55807fc6e648ee937bdb39312655) + +# Good Morning Superstonk!!! + +&#x200B; + + **Happy Saturday!! 🚀🚀🚀🚀🚀** + +&#x200B; + + There was too much going on, we can only sticky 2 posts at a time to the top of the sub, and Lucy Komisar is amazing, so here's another Saturday Morning Post! + +# Drink plenty of water and spend some time outside today if you can!! + +# 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +https://preview.redd.it/wut0xawrd7z61.jpg?width=741&format=pjpg&auto=webp&s=400034afd0accf860e63bf4cf5bf5da871c75b74 + +# 🚨Important Update From Carl Hagberg Himself! 🚨 + + Your lovely mod u/StonkU2 reached back out to Carl to ask how we can address the situation for Euroapes and everyone unable to vote their shares and, in spite of being on vacation, he responded with this advice 👇 + + [**THIS IS A MUST READ POST ESPECIALLY IF YOU'VE TRIED TO VOTE AND YOU CAN'T!! EXTREMELY IMPORTANT!!**](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/?utm_source=share&utm_medium=web2x&context=3) + +✅VOTE YOUR SHARES AND GET YOUR FLAIRS!✅ + +**Drop a comment below with !apevote! to get your special vote flair** + +**EUROAPES GOT A FLAIR!! YOU TRIED!! TYPE !novote! TO GET YOUR SPECIAL FLAIR!!** + +*FYI this works anywhere in this sub, not just this one!* + +&#x200B; + +[**The Carl Hagberg Transcript is up and available!**](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/) HUGE SHOUTOUT to u/Bye_triangle and u/Leaglese for all the time and work on these transcripts. Your dedication to making sure every ape has access to this information is selfless and totally badass. Apes respect and appreciate you for that!! + +&#x200B; + +[**WE OWN THE FLOAT. WE CAN PROVE IT IF WE VOTE!**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Another Epic AMA yesterday with Lucy Komisar hosted by u/Luridess! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[**Watch the AMA here!**](https://youtu.be/wKXWvEpnN34) + +# "I am very glad to be in touch with the people on Superstonk. I think that you all are doing a really good job in the absence of real mainstream journalism on this issue."- Lucy Komisar + +^(dryheavingohmygodshestalkingaboutus) + +&#x200B; + +[Investigative Journalist Lucy Komisar](https://preview.redd.it/4v8dz4xz84z61.jpg?width=1542&format=pjpg&auto=webp&s=99cca3fbb4eb51524d5792bcbcba86f13a63fcd9) + +We had a fantastic time hearing what Lucy had to say about us and about the issue of naked short selling, offshoring, and Gamestop. She had this to say and I think it cannot be understated how BIG OF A DEAL it is that someone of Lucy's caliber, who has been watching this unfold for longer than a lot of us have been alive, has this to say about naked short selling and the GME saga; + +# "In the end, as we go down through the years, the decades, it ends with Gamestop." + +*How's that for a hit of confirmation bias on your Saturday morning?* + +🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂 + +# KEEP THE AMA HYPE TRAIN ROLLING!! + +🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂 + +# [Tuesday at 4:30 pm eastern we have Attorney Wes Christian](http://www.csj-law.com/attorneys/jchristian.html)!! + +# 📢[AMA QUESTION THREAD IS NOW LIVE! SUBMIT QUESTIONS NOW!](https://www.reddit.com/r/Superstonk/comments/nczgbc/official_ama_wes_christian_with_special_guest/?utm_source=share&utm_medium=web2x&context=3) 📢 + +# His primary focus in the last 11 years has been suing Wall Street for fraud. + +&#x200B; + +Wes Christian is a Texas attorney with [an accent as big as his list of accomplishments](http://www.csj-law.com/attorneys/jchristian.html)! Once again I'm going to [shamelessly plug the old documentary Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU), where I first learned of Wes Christian along with all of the other OGs we've been talking to. And a fun fact... our former AMA guest and very favorite resident wrinkly brain, u/dlauer has served as an expert witness for Wes multiple times in the fight against naked short selling. They go way back... + +# Which is why we're having u/Dlauer cohost this AMA with his old pal Wes!! We are literally assembling the dream team here!! 🚀🚀🚀🚀🚀🚀 + +[^(did I mention Dave Lauer is one of us)](https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday/?utm_source=share&utm_medium=web2x&context=3)^(?) + +**The Wes Christian/Dlauer mashup AMA is next Tuesday, May 18 at 4:30 pm Eastern!!** + +&#x200B; + +[Wes Christian](https://preview.redd.it/pt6w1u9a24z61.png?width=170&format=png&auto=webp&s=611ee64151ee1f696b1a91df61404839aab57b83) + +**Here's what Dr. T has to say about how she first met Wes in her book, Naked Short and Greedy:** + +**Chapter 3**: A Sidewalk Café in New York. At the request of a business colleague, I have coffee with a lawyer from Texas who tells me that a problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. I feel a pang of guilt for not sticking it out to fix this before I left DTC in 1993. By 2003, it was a full-blown regulatory crisis! + +&#x200B; + +**The Napkin Story** + +*"One afternoon \[in late 2003\], my boss tells me he has just come from lunch with an old friend, Gary Jewell, a Houston-based lawyer. Gary said that he was in New York looking for someone who understands post-trade clearing and settlement, possibly someone who may have worked at the DTC. My boss recognizes the company name as part of my past work experience. He asks me to meet Gary over coffee. The two of them had run marathons in their younger days and my boss presents it to me as doing him a favor. Gary brought Wes Christian to that casual meeting.* + +*James "Wes" Christian, is a Senior Partner at Christian, Smith, & Jewell in Houston. If not for Wes, I may not ever have become aware that the crack in the system Ray Riley brought to me in 1993 was becoming a gaping chasm in 2003. Wes was born, raised, and educated in Texas. He comes complete with a pleasant drawl that belies his non-nonsense approach to the matter. Wes would lead a team of 65 lawyers as he eventually uncovered more than 1,200 hedge fund and offshore accounts working through more than 150 broker-dealers to strip mall and medium size public companies of their value."*\- Dr. Susanne Trimbath, Naked Short and Greedy. + +&#x200B; + +We are so honored, humbled, and thrilled to bring you these top-tier AMA guests! If only we could go back and tell our February selves how far we've come 💖 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# This just in: Jeopardy asks better questions than Congress + +&#x200B; + +[What is short selling?](https://preview.redd.it/hsy88ob067z61.png?width=640&format=png&auto=webp&s=2695b2062c0bdd7f1449d37d6dacb0fb2b9eb660) + +&#x200B; + +Dr T on Twitter: They just had a clue about GameStop on Jeopardy. The correct question was "What is short selling?" They asked better questions than Congress! Brava, Lucy Komisar!!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢📦International Giveaway Contest is closed but OPEN FOR VOTING THROUGH THE WEEKEND📢📦 + +3 lucky apes outside the USA will receive a Gamestop Limited Edition Bananya Cat, complete with red headband! + +https://preview.redd.it/rgn8dez534z61.png?width=1300&format=png&auto=webp&s=c5a58a589f33692b0589e7ff96681f0f5e0dedaf + +&#x200B; + +Entries from around the world have been submitted for the chance to win a limited edition Gamestop Bananya Squeeze Plushy, complete with red bandana!! + +&#x200B; + +# Now I need you apes to go sort by New and (up)VOTE!! + +&#x200B; + +Winners will be announced Monday morning on the Superstonk Daily!! + +&#x200B; + +# [LINK TO THE MEME CONTEST HERE!! SORT BY NEW AND VOTE FOR YOUR FAVORITES!!](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) + +# + +Memes will remain posted for voting and exposure through the weekend. Remember to sort by New if you're voting!! + +*Addressing some FUD I've seen: Obviously by participating in this contest, you are willing to give an address for the prize to be shipped. There are many ways to safely get a package without giving your address. But I can't even afford to go visit my family out of state, I promise I won't show up in Germany or some shit unless it's post MOASS and I'm tryna buy a castle. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀* + +# ________________________________________________________________ + +# A note from your friendly local Pink Cat 🐈 + +I want to say how proud I am of this community! The momentum has picked up, our bias has officially been confirmed, we know this is a matter of *wen* we moon, not if... all thanks to the overwhelming growth we've seen in the last couple of weeks and our amazing mod team. This is real, and you should feel confident in that as you peruse the sub, or as you interact with the people in your everyday life. *The only way the shorts get out of this like they always do, is by driving the company to bankruptcy like they always do.* **And don't forget that GME paid off all its long term debt a couple weeks ago.** Bankruptcy is *completely* off the table. In this unique scenario where we have the turnaround of a company with a dream team board of directors, the real unique situation here is THE APES ON REDDIT WITH DIAMOND HANDS. + +Do **NOT** forget where we came from. 💎🙌🚀 That's what got us here, and that's what will take us to Valhalla. Trust the company's plan and HODL. The professionals we are bringing on for AMAs are providing invaluable confirmation and validity to our sub and to apes (and ants!) everywhere. **The heart and energy of this sub is quite literally the catalyst.** By you buying a stock in a company you believe in, HODLing with diamond hands, and **VOTING YOUR SHARES**, you are literally creating the MOASS. + +&#x200B; + +**Do you understand that?** + +&#x200B; + +# 🚀APES ARE THE CATALYST🚀VOTING IS THE CATALYST🚀 + +&#x200B; + +**BUY. HODL. VOTE.** + +&#x200B; + +https://preview.redd.it/4yh5eyygv3z61.png?width=599&format=png&auto=webp&s=6a593febf50d428236dffccc7ddc5d331aac235f + +The catalyst really has been inside us the whole time. ✌ + +&#x200B; + +**No date or meeting or rule or new CEO or merger or margin call or ANY OF THIS WOULD EVEN EXIST IF IT WEREN'T FOR DIAMOND HANDS. 💎🙌** + +&#x200B; + +Even Lucy Komisar believes in us!! WE ARE ON THE RIGHT TRACK!! We have debunked every cult accusation and FUD tactic thrown at us since January. Is this what it feels like to ascend Mt. Olympus?? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/ow8yej1ev3z61.png?width=554&format=png&auto=webp&s=4ae27c87854cd6873f0562e0eeb0d6faa061c8f7 + +&#x200B; + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +https://preview.redd.it/a5pxtzqoa7z61.jpg?width=840&format=pjpg&auto=webp&s=634f9f81ec00d947f6676804a96d4e1d8a71f2a1 + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# 🚨 ... AND VOTE!!! 🚨 +A lot of people have moved to WFH, stopped business trips, or had their income stream disrupted in the past couple of weeks. I've found myself disrupted in my work flow. I try to keep focus on staying productive, but haven't found what works for me. + +How have you coped with the change? Any tips on how to stay productive or handle disruptions in income streams? + +Thanks and stay healthy. +For months, nothing happened on any front. Everything crabbed. Sure X jumped a few bucks and Y had a decent month, but nothing exploded. It was all contained in a vat of redundancy with the hopes that: + +A) People would lose faith and jump ship + +B) people would simply lose interest and take their meager gains to buy a nice dinner or a new pair of shoes + +Nothing happened. They had time on their side and tried to capitalize on it by letting time do the work. + +Fast forward to now. You have crazy shit popping off and doing ridiculous things while generate ridiculous returns. This would be confusing had many people not pointed out that this would happen MONTHS ago. This would be concerning had people not explicitly stated that this VERY THING would happen EXACTLY as it is happening. It’s soothing and extremely satisfying knowing that every major piece of DD was right. These “meme stocks” are going off, and I mean exploding. They’re plastered all over the news with no explanation other than “Reddit stocks go up”. No research, no DD, just “Reddit stocks up”. All of them. + +Except for GME, that is. + +Ask yourself why? Why is GameStop left off the list? Why is nobody covering the copious amounts of DD and research behind GME and instead plastering “zOMG meme stocks up!!!!” All over the place? I hate to beat the proverbial dead horse, but it is THE distraction to end all distractions. You need to understand this. Nothing happened for months and now, suddenly, meme stocks are takingthefuckoff? The week before the shareholder meeting where vote counts will be revealed? Do you believe in major, major coincidences? + +Let the others have their runs. Let them enjoy their gains. Everything you see from these other “meme” stocks will be an afterthought when the main event starts; these are simply openers, warm-up acts. It’s the final act of desperation preceding the coup de grâce. + +Hold on and hold tight. I’m not shaken. I am ready. I recommend that you prepare yourselves as well +Hedge fund shills are spreading disinformation saying $800 is make-or-break for $GME. Call options expiring ITM on Friday will drive the price up if levels are maintained, but may not trigger the short squeeze. + +It may be Friday, but it could be next week the we see the real squeeze. + +DON'T PANIC IF THE SQUEEZE DOESN'T HAPPEN. + +It's not guaranteed to. The only thing that is guaranteed mathematically is that the shorts will have to cover at some point in the future. They are trying to get enough people hooked on the false expectation of Friday so that if/when it doesn't happen, enough will sell out of panic/despair. IMAGINE IF YOU HAD SOLD EARLIER THIS WEEK AT $40! + +WE CAN STAY RETARDED, LONGER THAN YOU CAN STAY SOLVENT!! +With all the people working from home and trying their luck in the market, now it feels like the valuation is way past the actual value of the companies by looking at the ground realities, so when this'll end, some traders would be holding the biggest shitpile ever seen and it's coming soon, so when do you guys think we'll see the day of reckoning? +So after checking out the App coming soon for ios (Iphone), I am starting to understand what GameStop is doing. Being that I tried to sign up for opensea with my daughter (an artist). We both decided NFTs weren't for us. Not because we didn't like the NFT idea, but the marketplace just wasn't easy. It seemed like an old clunky version of ebay or something. It wasn't easy for my generation or hers. It felt tedious. My comparison is like going to the browser version of a broker account a few years ago and buying stock with scroll down menus, %, limits, and boxes to fill in, making investing seem much harder than it really is. You know what made this so much easier? You won't like the answer... + +But first, let's talk about what GameStop is doing. GameStop is going to add NFTs to your mobile app, show the cost of your items, and allow you to put items on the marketplace with a click of a button. Things you sell, go to the new buyer instantly. Contracts filled, sell order filled, and the NFT sent. Things you buy, go right to your wallet. Not tedious. If they have managed to do this and make it as easy as possible.... all I can say is WOW. I hate to say it, but GameStop is creating the *Robinhood* version of a NFTs marketplace. Don't kill me yet, because it's going to make billions! And while Robinhood itself is still trying to figure out how to give users their own individual wallets for their doggy coins, GameStop started off with the most important part first, YOUR WALLET. This may also be the most difficult part in getting the average person to understand NFTs. The wallet. + +&#x200B; + +And it is the first thing GameStop is dealing with. The more people with a GameStop wallet, the bigger the marketplace. + +&#x200B; + +https://preview.redd.it/3zoyxq7nmpx81.jpg?width=688&format=pjpg&auto=webp&s=32e599df3921ba60dc1b4b7d724613e0414044ab + +&#x200B; + +I know we hate Robinhood, and rightfully so, but it did make investing for the average person much easier. Well... GameStop seems to be targeting this for their NFT marketplace. And all I can say is WOW. + +&#x200B; + +Now let's move onto the part of the photo that says... + +**Coins | NFTs** + +&#x200B; + +Oh boy. If they do the coins marketplace, I will move all my coins over instantly. And do all my buying there as well. I have no connection to coinbase or any other marketplace, so GameStop would be my spot. Just on the small % they take through these marketplaces is worth billions.... +These aren’t the kind of billionaires that enjoy the spotlight, I.E your musks, bezos, zuccfucc etc. who use their popularity to further enhance their careers and promote their businesses. + +Who the fuck knew the name of a single hedge fund manager before all this bull crap started? I sure as hell didn’t, and that’s just what they want, cause why the fuck would they want you to know who they are. Think about it, what business are they trying to promote here when all they do is commit crime. That’s why they want their name swept under the rug, so that they can continue fucking over the entire world in peace without any repercussion. + +Now, look what’s happening on Twitter, Kenny is getting exposed by Chelsea fans for beating his wife, gabe for being the WORST investor of this generation and now we have tweets from Elon and papa Cohen going viral exposing the FUCK out of short sellers to every day people. + +Make sure to never forget to try your best to constantly expose these criminals, and keep them under heavy surveillance by the people, the government HAS to follow suit eventually the useless fucks. +Title says it. I am not going to link this to any events anywhere else in the world or GME in general. + +I am working in the field of law in Germany and used to study and work near/in Frankfurt, Germany - the financial capital of Germany. After seeing all the posts about offices lit up around the world, I was very suspicious - I hardly believe anything before I check it myself. + +So I hit up my closest friends from my studies because I know that one of their partners is still working in the financial sector to see what's up. + +Her fiance worked in Investment Banking (high up, not some intern) for Credit Suisse in Frankfurt. He switched over to another Top 100 AUM US-Investment firm, which I would not like to disclose publicly for obvious reasons (but can confirm to mods if needed), about 1 1/2 years ago. + +She told me that BOTH companies (their mutual friends still work at CS) have all of their staff working from home full-time since November. No exceptions for any position that's worth noting. + +This weekend, he worked full-time in the office. She did not know for what reason, she said that rarely happened before covid (only one time she can recall) and did not happen since November. In fact he did not work from the office since November for a single day. But this time he got called in late and was told to show up ASAP for a meeting. Not online, but in the office. + +&#x200B; + +\----- + +I can confirm this to the mods if needed. Be suspicious, don't believe me. I am a guy on the internet liking a stock. + +&#x200B; + +Edit 1: + +Since one Ape asked about the US-company: it has not been mentioned on this sub before. In fact, I did not know the company at all. They are high up in the Top 100 AUM worldwide, with big triple billion figures AUM. + +&#x200B; + +Edit 2 - Materials reviewed by the mod u/StonkU2 + +,,Materials supporting the relationship represented in this post have been provided and reviewed, and the connection based on those materials appears genuine. Note however no materials supporting the conversation itself or exchange have been provided or reviewed - this fact neither undercuts nor supports the statements asserted - but is an additional grain of salt to be aware of. Thank you u/sh0w3n for your diligence and participation in this community.'' +As the title says. This is a total nightmare scenario and like most people who would be in this situation too, were completely ignorant as too how we should proceed. + +The story: My wife and I traveled to the Dominican Republic for a vacation at an all inclusive resort. Yesterday afternoon while she was walking by a pool she stepped on a foam raft that someone had left laying out and slipped. This only arose because she cut her foot on a broken tile in the pool and was getting out as it was bleeding everywhere. Her legs went out from underneath of her and she fell straight down onto her pelvis onto the hard tile floor. It took 30 minutes for resort staff to show up with a wheelchair, which was absolutely necessary as my wife was unable to walk without it causing excruciating pain. They took us to the small resort clinic to examine her but they were only outfitted to treat small scrapes and sprains. After the nurse there determined that this was out of her league she called an ambulance to take us to the hospital. Once at the hospital her pain was largely ignored and she was forced to sit/stand/walk 20 or 30 times with the back injury. After X-rays were inconclusive and difficult to read the doctor did a CT scan to reveal that she had 1 shattered vertabrae and a slipped disc. At this point he obviously recommend that she not move from a laid down position. It's honestly a miracle they didn't paralyze her or cause obvious and immediate damage during everything. The hotel agreed to pay for the transport to the hospital and the initial examinations (including the CT) but has pretty much washed their hands of us once she had to be admitted. Oh also, in order for them to pay for the CT they made me sign a release saying that their responsibilities had been fulfilled and we could no longer seek more help from them. + +We don't have travel insurance. We don't have out of country medical coverage from our regular US healthcare providers. I checked with our credit cards and they only offer reimbursement for "catastrophic" charges incurred. Apparently this doesn't qualify. I'm waiting to hear back from our homeowners insurance to see what coverage's they offer outside of the United States. + +So at this moment we're in a foreign country with a huge language barrier, footing a potentially massive hospital bill unless we can get back to the United States and into our own healthcare network. Apparently a medical flight where she's able to be prone can cost anywhere from $10,000 to $50,000 which of course, we don't happen to have just sitting around. I feel totally helpless as a husband right now watching my wife in pain and knowing that our financial future could be destroyed. + +Sorry for the long post but we've been awake for 24 hours with no near end in sight. + +TL;DR: My wife broke her back in the DR and we have no medical insurance in this country. We're just looking for a way home that won't send us into bankruptcy. + +Edit: Just wanted to earnestly thank everybody for their replies. We're far from home but feeling good vibes from you guys. +Agree with me or not I’m tired of seeing every other post being about GameStop and AMC constantly on this sub. I know it’s been in the news a lot and this is about the stock market as a whole but I feel like this has become a lesser version of WSB. I used to read insightful news and posts about stocks in here but now all I see is GME AMC and other pump and dump meme stocks here. I mean this sub has changed so much we need limits on what can and can’t be posted. Idk maybe I’m the only one but I just miss the old subreddit before all this GME hype. Down vote this if you want but I feel like this sub hasn’t changed for the better. +For the last few years I've been driving a 2009 Nissan Versa hatchback. It's been a great little car, but it was old and starting to fall apart, and then I found that it was burning oil at an alarming rate. So for the past month or so I've been hunting around to see what I can find. + +&#x200B; + +I found a 2014 Ford Focus SE hatchback that had all the options I would get had I bought it new; leather interior, fog lamps, sport package (you get rear disc brakes with this, very important) and a manual transmission. Focus' are super good deals right now IF you get the manual, because the automatic transmissions were absolute garbage and brought down the value of the car across the board, but the rest of the car is well made. + +&#x200B; + +The car was advertised around $7500 with around 71k miles, both KBB and Edmunds valued the car around $8k if it was in "excellent" condition. So I put a deposit down on the car on the condition I could get a prepurchase inspection. On a car this old with this many miles, I didn't expect anything too crazy, and from the outside it looked and drove fine. + +&#x200B; + +Well guess what, it needs about $1100 of suspension work! I go back to the dealer and say "I want to buy this car today, and I'm fine with the price it's at, but not the work it needs. To sell me this car, you can either a) fix what needs to be fixed or b) knock $1100 of the price and I'll have it fixed." + +&#x200B; + + Well they decided to knock the price of the repairs off the price, and I drove off in my car. ALWAYS get a prepurchase inspection on used cars, no matter how nice they look or good they drive! +Hello everyone, I am new to trading options. I opened a brokerage account, that allows me to trade options for 2,5$ per contract. (There are no zero commission brokers in Europe) + +I found the perfect stock for spinning the wheel on. I would not mind owning that stock and the IV is around 40 to 30. I now started to sell 14 or 7 DTE CSPs with a Delta around 0.25. I make around 0,7 to 1% on my capital for each contract I sell, which is awesome and the underlying is a dutch dividend aristrocrat, that has little price movements and that has not that huge of a downside in market situations such as covid or the current circumstances. + +I saw that a lot of people buy their puts back before they expire OTM. Why is that? I would have to pay another 2,5$ for each contract. If I just let it expire worthless and continue selling another contract on monday I do not have the additional costs. Is there something I am doing wrong? + +Edit: Thank you so much for the answers. I now know why I should close my positions with 80-90% profits. This community is really outstanding. I thought that this was a stupid question to ask, but you really helped me and there is a lot of constructive discussion going on here. Cheers thetagang, looking forward to sell options with you guys! +I’m a newbie and was wondering what are some good penny stocks to put my money into, I’ve been looking at a couple like FLT,GRN, MTRX,BUS NUMI, GDNP. Wondering if I could get some thoughts. +It allows developers to build cross-chain DApps based Mixin Network protocol. As a TEE powered BFT-DAG network, Mixin could connect all existing blockchains with unlimited throughput. It’s now supporting Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Ripple, Sia. Moreover Mixin will support all popular blockchains shortly. + +​ + +https://mixin.one +It seems Saudi ARAMCO will get a valuation between 1.2 and 2.2 trillion dollars, which would make it immediately a significant part of many global indexes, something potentially as large as MSFT and AAPL combined. + +What will happen to diversified stock funds? Will they have to run and buy a ton of ARAMCO shares (and sell other stuff) to follow the index? When will indexes even be updated? + +As I understand, the company will be listed initially on the Saudi exchange, but might be later quoted in other places: will this affect emerging markets funds disproportionately? + +Forgive me if these are dumb questions, but it seems interesting to me and I don't know where to look for informations :) +https://www.bloomberg.com/news/articles/2020-07-13/ten-thousand-day-traders-an-hour-pour-into-tesla + +> According to Robintrack.net, during a four-hour span today almost 40,000 Robinhood accounts added Tesla stock, which hit $1,794.99 before closing at $1,497.06 — - Almost 40,000 Robinhood users bought the stock in four hours — Tesla shares surged 16% Monday before giving up gains +Many of us have significant flex in our budget, which makes budgeting somewhat optional. However, it can be an effective tool to monitor for lifestyle creep. + +Sometimes budgets have very fine grain categories, which seems like too much work for the benefit for FatFIRE folks. Do you do something very high level like the following? Or do you find value in a finer grain? + +- Housing +- Basics (bills, groceries, etc) +- Discretionary (shopping, eating out, entertainment, etc) +- Travel +I'm in Michigan. + +I've spent a little over $1500 dollars trying to get this deal done between home inspection, appraisal, and upfront mortgage fees. The deal is most likely going to die because the title won't clear due to an issue with a mystery LLC having a claim to the property. The seller says they're unaware of this LLC and don't know who they are. Today was supposed to be my closing day, but we're extending our offer 2 more weeks to see if Title can clear this up in that time. + +I didn't know which flair to put on here between legal, new investor, and education. All apply here. I've approached this deal in earnest and done everything I need to do to make it happen. In my view, the seller has misrepresented their ability to sell the property. If this deal does fall through, which it seems like it's going to, do I have any recourse to get the money back that I've spent from the seller? Would I have a case in small claims court (which handles cases up to $6500 in Michigan)? Or am I supposed to just eat it and learn that sometimes this is the price/risk of investing? +Social media is usually crawling with bad arguments for why people think ETH is overvalued. Often people try to reply with good counter arguments, but it's not always easy to summarize these things into a few sentences. I thought I'd collect all of it in one place and condense them as best I could. + +---- + +**EEA Hype** + +Argument: People bought because they assumed brand name companies would use Ethereum public chain, an assumption which has not been substantiated. + +Counter-Argument: Remarks in May of 2018 by EEA have suggested that enterprises are seeing the need to eventually connect their private chains to the Ethereum mainnet. This is then reflected in the new EEA roadmap that shows how they plan to shift enterprise usage to the public chain over time. People's expectations for enterprises using Ethereum are not baseless. They're just too early. + +Counter-Counter-Argument: Being too early is not much different from being wrong. + +Counter-counter-counter-Argument: Wait till when the EEA's efforts start to bear fruit. Enterprises will connect to the public chain because private chains are useless on their own (i.e. they're just inefficient databases). + +---- + +**ICO Shitfest** + +Argument: ETH only usage was as a reserve currency for ICO shitcoin asset bubble speculation. + +Counter-Argument: It's likely that this use case attracts significantly less ETH buying than during the ICO mania, but it's not accurate to say that *legitimate* projects can't use Ethereum for fundraising or token distributions without being a shitcoin. ETH use case as a reserve currency still remains, even while the shitcoin situation has died. Presales for real projects with real use cases (e.g. Gods Unchained) are ongoing as we speak *without* selling yet another useless ERC20 token (they sell playable digital cards that also have some collector value). + +---- + +**Flippening** + +Argument: ETH's rally was fuelled by the flippening narrative. 2018 has shot that to hell. + +Counter-Argument: BTC dominance is based on the Lindy effect, market size and lots of successful memes. When fundamentals start to matter, even a little, it will become very difficult for BTC to maintain top spot. Even without fundamentals, ETH will eventually be seen as having similar Lindy effect, similar market size and (one hopes) a few good memes. + +Counter-Counter-Argument: XRP could ruin the flippening by holding on to #2. Other incumbents too (e.g. EOS). + +Counter-Counter--Counter-Argument: If XRP or EOS are worth more than ETH in five years, then everything we thought we knew about the value of decentralization was wrong. + +---- + +**Selloffs** + +Argument: SEC activity against ICOs create bad news and selloffs (e.g. refunds, fines and exit scams). + +Counter-Arguments: As of Sept there was only 3,858,659 ETH still held by ICOs (see Bitmex research report). All these projects that have already sold enough to have massive runways. Any SEC challenge by can be taken to court and delayed for years. Refunds are also a joke for most of these, since refunds can only be given to those who provide passport info and proof they still control the original wallet where the original tokens are still present and were never traded. Refunds are also optional. And fines are TINY (a few hundred thousand compared the tens of millions these projects have in ETH). Only the bad headlines are legit concern. But just how much impact can bad journalism have on price? + +---- + +**Delays** + +Argument: Staking delayed (i.e. Casper FFG). Constantinople delayed (i.e. issuance reduction). + +Counter-Argument: Sad indeed, but these delays are a normal part of software engineering. They don't imply that the project is doomed or that its capabilities will be diminished. What it does mean is that supply is higher and demand is lower right now. So price is effected. But this is not a great argument for why ETH is overvalued. It's a (partial) explanation for why there's been more sell pressure than buy pressure in the last few months. + +---- + +**Users** + +Argument: No one uses Ethereum. + +Counter-argument: If you limit usage to daily transactions of dapps, then yes, it's very low. But by that metric, you would have to say that no one used the internet until the mid 2000s when people started using ecommerce transaction regularly. The real metric for the web turned out to be *page views*, not credit card transactions. So why are we so fixated with transactions now? We should be looking at Infura metrics, which ***has over 6 billion requests per day***!! Saying that no one is using Ethereum is bullshit. It's time to recognize that people who look-up information on the Ethereum network are users too, just like people who load a webpage are considered users of the internet. + +Counter-counter-argument: When people discuss users, they are generally talking about people using applications that they can profit off of. Hence, the use of daily transactions as a main metric. + +Counter-counter-counter argument: To say that you can only monetize users that produce a daily transaction is to completely ignore the last 20 years of internet business models. Google did not get to 110 billion in annual revenue by requiring its users to make transactions! How can people forget about the cornucopia of monetization models that already exist, let alone those that are being invented specifically for blockchain? There are lots of ways to monetize users without having them make transactions. For example, Gods Unchained gets players hooked by offering a *free-to-play* AAA game. No transactions required. It's only when the player wants something more that they need to make a transaction (e.g. the same as the freemium model we see elsewhere on the internet). The same goes with subscription services, that would not require transactions, but still use the benefits and security of the Ethereum blockchain. The point is that there's more ways to monetize a user than just taking a small fee out of user transactions. Fees might work well for exchanges and marketplaces, but the internet has shown us that there's so many more ways to do things online. + +---- + +**Scaling** + +Argument: It doesn't scale. + +Counter-Argument: Doesn't scale *yet*. L2 solutions are rolling out. Serenity is coming to a testnet near you in 2019. + +---- + +**Usability** + +Argument: Dapp UX is horrible. + +Counter-argument: UX is legitimately horrible. But it's been receiving more visibility this year which has led to good progress on multiple technical solutions. Having more designers on the teams is also helping. + +---- + +**Barriers to Entry** + +Argument: High barriers to entry. + +Counter-argument: This is a challenge for all crypto. It's also a challenge for any new technology. That's why you have waves of users that range from the early adopters and the late adopters. The very earliest adopters were gamblers, hackers and finance types. They were already comfortable jumping through hoops and dealing with complexity. The next cohort will probably be those tens of millions of PC gamers who are already comfortable with figuring out new tech and dealing with confusing software. After them, it'll be a more general audience. Finally, maybe in 5-10 years, your grandma might become a user (i.e. the late adopters). + +---- + +**Fees** + +Argument: Fees will drop. Since the main use of ETH is to pay for fees, there will be less need for ETH. + +Counter-Argument: Fees in nominal prices will drop, but the amount of fee usage will increase dramatically. With Serenity, you'll see a large multiplication of network capacity. The amount of ETH being spent on fees will go up considerably even as the amount each user is spending per transaction goes down. + +---- + +**Economic Abstraction** + +Argument: ETH will have no value because users will pay for transactions in something other than Ether. + +Counter-Argument: This has been possible on the Bitcoin network and every other PoW chain for a long time and yet no one does it because it's not rational. Paying in anything other than the native token adds friction, cost and is a UX nightmare. If it made sense, people would have been doing it with Bitcoin. Even if we assume that in the future people will go against reason and want to do it anyways, the upgrades coming to Ethereum will make it impossible (e.g. paying fees in ETH is getting inshrined at the protocol level and most of the fees are going to be burned, reducing inflation and increasing the role of ETH as a store of value). + +---- + +**Store of value** + +Argument: ETH is not a store of value. + +Counter-Argument: Inflation is going down to near 0 in two years while staking ETH will significantly reduce the circulating supply on the market. Meanwhile, decentralized financial applications are gaining tractions which promotes the use of ETH as money. All of this strongly supports ETH as a store of value. + +---- + +**On Demand** + +Argument: People will just buy ETH on demand. + +Counter-Argument: Buying ETH on an exchange and then withdrawing it to your wallet every single time you need to buy something or make a transaction is not rational. Doing thousands of small ETH buys & withdrawals adds more friction and is more costly than doing a single ETH buy & withdrawal. It can also be a UX nightmare. If people are using Ethereum frequently, in most cases it's easier to just hold a balance in their wallet. Just like they hold fiat money in their wallet for regular use. + +---- + +Alright. I think I've addressed what I consider to be the weaker arguments. Here's the only argument that I think is worth debating, because it's the only one that asks questions we don't have answers to yet. + +**Usage** + +Argument: While ETH has multiple real use cases and the network sees billions of daily requests and hundreds of millions in economic activity, the total aggregate usage might turn out to be not enough to justify a really high valuation. How much fundraising do you need? If only a billion dollars is raised per year through ETH, will that be enough? If a hundred thousand users check their favourite dapps every day (e.g. the equivalent of page views, not transactions), is the ETH they initially bought and used going to be enough? How often do these users "top-off" their accounts? How often do they buy more ETH? How much are they buying every month to meet their needs? Are they doing several small transactions or a few large ones? Is that enough? Is the use of stablecoins eating into the use of ETH as a reserve currency? Do people think of their ETH wallets as savings or investments? + +These are all the questions that I think about regularly. I don't have answers to them because it's still too early. I don't think we can know until after a whole bunch of high quality projects have built up reasonable user bases. Then if those bases don't provide the numbers required to keep buy pressure on ETH, well, then we'll have our answer. +I've been seeing a lot of news articles about generating passive income by investing in dividend stocks. I've recently sold a house and have around £20,000 that I'm looking to do something useful with. + +Housing market is insane at the moment which turned me to looking into dividend stocks. I built a list of promising ones with a little research, averaged out the last few years of yield and applied my money across them evenly.....essentially came up with an annual income of just under £1180. Even taking out the Covid years only increased the annual income to £1660 a yield of just under 6%. + +Perhaps I'm being to cautious with averaging out past performance, perhaps i'm spreading myself too thin and should choose fewer higher yielding stocks but this doesn't even come close to providing anything like the income i'd get from a BTL. + +Am I missing something in how I'm calculating this? +&#x200B; + +https://preview.redd.it/zr583721wqb71.jpg?width=700&format=pjpg&auto=webp&s=05d6c1c9eda0e33e970a938865e65ccf68c1c8c3 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/v872p06gsqb71.png?width=1200&format=png&auto=webp&s=073e46acae7b387fdaacbfd86dc563a8b432c262 + +Myer was founded over 120 years ago by an enterprising Russian immigrant, Sidney Myer, who had come to Australia during the gold rush. He started up the first Myer store in Bendigo, Victoria in 1900. For many years the chain of stores grew under the ownership of the Myer family. + +&#x200B; + +[The Original Myer’s](https://preview.redd.it/2qp96tsgsqb71.png?width=1000&format=png&auto=webp&s=f636458124c0381eefec8fa013e6f8eebc5ec7d7) + +By the second half of the century, Myer had a national footprint, having acquired another major upscale department store chain (Grace Brothers) as well as a discount store chain (Target). When it merged with Coles in 1985, it was, at that time, the largest deal in Australian corporate history. + +Ultimately, Myer was spun off again when it was split and floated on the ASX in 2009. Today, with 60 stores around the country and over 2 billion in annual revenue, it’s one of the best-known retail store brands in Australia, having long been the country’s largest upscale department store by revenue and store numbers. + +# The Checklist + +* Net Profit: positive last 9 of 10 years (loss in FY20). Neutral ⚪ +* Outstanding Shares: 1 cap raise in 2015, otherwise stable L5Y. Good ✅ +* Revenue, Profit, & Equity: trending down L10Y. Bad ❌ +* Insider Ownership: 20.6% w/ on market buying @ \~30-35c in last 6m. Good ✅ +* Debt / Equity: 861% (?!) w/ Current Ratio of 0.8x. Bad ❌ +* ROE: 9.1% Avg L10Y w/ -4.7% FY20. Bad ❌ +* Dividend: 17.3% 10Y Avg Yield w/ 0% FY20. Bad ❌ +* BPS 26cents (1.9x P/B) w/ NTA -25cents (#N/A P/NTA). Bad ❌ +* 10Y Avg: SPS $3.21 (0.2x P/S), EPS 10cents (5x P/E). Good ✅ +* Growth: -2.7% Avg Revenue Growth L10Y w/ -13.5% FY20. Bad ❌ + +**Fair Value: $2.79\^** + +**Target Buy: $1.39\^** + +^(\^Obviously well above actual fair and target values. The major difficulty of trying to evaluate a falling knife is that historical figures can be misleading. For a business that has been in decline, the historical figures would tend to indicate that the current price is highly undervalued--a value trap.) + +^(The true value of the stock is in the future earning potential. In the case of a stable or growing business in a bull market, one cannot go wrong if buying at a discount to historical earnings, so it is an easy mistake to make.) + +^(However, there is serious potential in turnarounds, where a company is heavily undervalued to future earnings due to having had a prolonged decline--a deep value play. But the risk is high, and therefore the diligence required must be thorough.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/k1lnmzvssqb71.png?width=1836&format=png&auto=webp&s=742101e570b91ff7d4cbb4db524fff7c826ca44c) + +When Myer listed on the ASX, their share price floated at $4.10. A harbinger of things to come, on it’s very first day of trading, Myer lost 8% and closed at $3.88. For a fleeting year, Myer was worth over $2billion in market cap, and up until 2018, it was part of the ASX 200. + +However, Myer never recovered to its float price, reaching only $4.02 in Sept of 2010. It has been on the decline for nearly all of its years on the exchange. During the March 2020 crash Myer reached an intraday low of 8.3cents. At that point in time, any bagholder from the original listing would have been down **\*\*\*98%\*\*\*** on their investment! And though it has improved almost 600% from that all time low, at the close of Friday (16th July 2021) @ 49.5cents, Myer is still 88% down from its all-time high. + +# The Diagnosis + +The short answer: Department stores are antiquated and are dying a slow death. + +&#x200B; + +[Bloody customers never learn.](https://preview.redd.it/1x0t9y0vsqb71.png?width=1400&format=png&auto=webp&s=405d6bb0e13e48ef1ea030dd3d2480b1fbac66d8) + +The long answer: Myer has certainly been in decline, and the idea that brick and mortar is dead has some merit, but is over stated. The success of JB HiFi and Harvey Norman, as well as discount department stores like Kmart, have shown that there will always be a market for in-person shopping if done well. In fact, Myer’s struggles would seem to be more heavily linked to their business being badly run for many years. Increasing costs, falling margins, and overly top-heavy management have contributed far more to their decline than actual decreases in revenue. + +&#x200B; + +https://preview.redd.it/l50o4jzwsqb71.png?width=1050&format=png&auto=webp&s=a3666e87ebc1637d056675990b96f89d8cde7dc8 + +For example, from FY11-FY16 Myer consistently posted over $2.7b annual revenue. While not growing, it was surprisingly stable. What was not stable was their net profit after tax, which was falling dramatically in that same time frame. So badly, that even though Myer had a slightly better top line result in FY16 than 6 years previous, their net profit had fallen almost 60%. + +At that point, Myer hired a new CEO, Richard Umbers, who almost immediately went to market with a $220m capital raise for a “turnaround plan.” In hindsight, the plan appears to have been primarily aimed at clearing out some of the increasingly onerous half a billion in debt (which Myer had made no progress on paying down in the 6 years previous), and not much was effectively done to actually fix the underlying issues. + +Indeed, under Umber's leadership their profitability didn’t improve and, even worse, their revenue began to slide too. Umbers was sacked in 2018 after steering the company headlong into a 486m loss, which at that point was larger than Myer’s entire market cap. To be fair, the loss was attributable mainly to write-downs in its intangible assets, but it was clear to many that Myer was quickly headed towards insolvency if it could not arrest the decline. + +# The Outlook + +Enter John King. + +Having revived the House of Fraser, a 172-year-old department store chani in the UK, King may have been the best man for the job. Since taking on the job, his strategy has been threefold: + +1. *Launch Myer Online* – this was part of how King helped bring House of Fraser back, by getting them online in a serious way. Now, Myer’s website is the largest single contributor to revenue. +2. *Reform Customer Service* – King travelled around the country to each store, and spent one day a week serving customers on the retail floor as part of his effort to shift the business culture. Customer satisfaction metrics have significantly improved. +3. *Cut Overheads Heavily* – a huge percentage of the bloated top heavy management positions were cut, and he put into place plans to move the head-office to a building ½ the size in 2021, which is coming to fruition now. + +In FY19, one might have seen the glimmer of King's plan starting to take shape. Myer improved its underlying net profit, despite still having a slide in revenue, and the website was in full swing contributing a bit under 10% of the total revenue for the company. + +**Cost Reductions & Balance Sheet** + +When evaluating Myer’s overheads and balance sheet, perhaps the first thing that is noticeable in the last couple of financial years is the seemed explosion in its debt, from 86m to 1.6billion from FY19 to FY20. This leads to some really absurd metrics like over 1000% debt/equity and a negative net tangible asset value. + +Digging one step deeper, one realises that the explosion in debt was a product of the changes in reporting surrounding lease liabilities. Myer only has about $75m in actual borrowings. Most of the “debt” on its books is its store leases. Furthermore, a large number of those leases are on a very long-term basis (8+ years), which really blows out the numbers. More than half do not expire until after 2030. + +&#x200B; + +[Composite from the 1H21 presentation](https://preview.redd.it/k9vcfhx0tqb71.png?width=1974&format=png&auto=webp&s=b4b9ea4bca6561115721726afda00996a0153295) + +While many companies didn't see a dramatic change in their book value as a result of the new reporting, Myer's heavy lease exposure saw its book drop 60%. No doubt, the leases are not inconsequential, they are not quite the same as the crushing debt that it once held prior to FY16. These lease liabilities are very spread out over, literally, more than a decade. Servicing these liabilities doesn't necessarily require big profit levels, but rather consistent cashflow. + +Furthermore, the lease liabilities are perhaps not as rigid in their nature as much as a hard debt would be. In a counterintuitive way, though 2020 was a difficult year for Myer with many of its stores closed for much of the year, these circumstances have become a catalyst for change in its leases. Myer has been able to renegotiate many of those liabilities by reducing unneeded floor space and exiting unprofitable stores. In 2018, Myer’s leases represented a total liability of $2.8b. Having brought that number down to $1.6 by FY20 is actually an impressive feat on its own, if not necessarily well recognised. + +In addition to cutting back on their head-office costs, the changes have contributed to a significant reduction in the overall cost structure for the group, even before the Government’s Jobkeeper support is factored in. There are plans underway to further and substantially improve these cost reductions in the pipeline. Such a reduction would see the company generate profit levels it hasn't seen in years, even without a tangible change in its revenue. + +This has led Myer to be left at the end of the 2020 calendar year in a substantially better position with their balance sheet. At the time that the 1H21 report was released, Myer had more cash in the bank (\~$200m) than what their total market cap was at that point. + +**Online Growth & Turnaround Indications** + +Another interesting aspect of the 1H21 report was the dramatic increase in their online sales. + +&#x200B; + +[Composite from the 1H21 presentation.](https://preview.redd.it/r00sb8xqyrb71.png?width=1872&format=png&auto=webp&s=f4a354135c9fa4daa2d3c7b3560e8c74d41a82fc) + +In FY20, Myer’s online sales had improved 73.6%, and pulled in revenue of $423million to the group. To put this in some perspective, Kogan (KGN) during the same period had revenues of $492m and was trading at $20 per share @ 80x P/E on an EPS of 26cents. Myer's online store is nearly as big, and only represents a fraction of their overall business, with historical EPS levels that could rival that. + +It’s also worth noting that despite lockdowns forcing some of its stores to shut for weeks (primarily CBD stores), Myer showed continuing strength in the regionals stores on a compariable sales basis. If anything, the lockdowns demonstrated that Myer’s brand had legs outside of the store front with the dramatic growth of its online offering. Furthermore, that the company’s turnaround plan under King seemed to be gaining momentum when looking at the sales at the less effected stores. + +&#x200B; + +[Myer One App](https://preview.redd.it/ufgoslt6tqb71.png?width=1000&format=png&auto=webp&s=8ddd921f0bc9c13ce9a5c677916d202fee8593f3) + +It's worth mentioning that Myer’s strength as a brand has some implications behind the true value of its Myer One program. With 5million+ Members around the country, Myer has about 20% of Australia signed up. Those participating in the loyalty program accounted for about 70% of Myer’s revenue in 1H21. + +In 2021, Myer is certainly not out of the woods with regards to lockdowns. However, with the renegotiation of leases, and the online store firing on all cylinders, and what would appear to be a fairly loyal customer base, I think that the market's concern of an imminent insolvency has been alleviated. + +# The Verdict + +More recently the hot talk on the street hasn’t been about whether Myer will survive, but about who will be leading it. + +**Premier Investments** + +Years prior, in 2017, Solomon Lew through his Premier Investments had acquired an 11% stake in Myer. At the time he launched an unsuccessful bit to take control of the then faltering department store. Part of the issue was other large institutional holders like WAM voted against him. + +&#x200B; + +[Not a bad stonk.](https://preview.redd.it/0kmcl72juqb71.png?width=1600&format=png&auto=webp&s=711d6c9b2cb4830c808190c8afad1a210b909dd0) + +Lew had previously been the Chairman of Coles Myer in the 2000s, prior to the split. He has some substantial history with the Myer brand. Lew cut his teeth in the retail industry and has become a billionaire in the process. His Premier Investments houses brands like Just Jeans, Peter Alexander, and Smiggle. Premier over the years has done pretty well with Lew and his team at the helm. The stock listed in 1999 at around $2.50, and has in that time grown tenfold, currently trading around $27 on a 20x P/E ratio. + +Since acquiring his 11% stake and his unsuccessfull attempt to spill the board, Lew's been on the sidelines as perhaps one of the biggest bagholders in Australia. Every year arking up as Myer board posted worse and worse results. Last year after the FY20 result showed an underlying loss, Lew managed to force the previous chairman to resign when WAM finally sided with him. However, there has been very little word out since then about what has been happening behind closed doors. + +Earlier this month an enormous block trade occured after hours for 41million shares @ 40cents. What was odd about this trade at the time was that the closing price earlier that day was only 37cents. Something was afoot! + +&#x200B; + +[Crafty Old Man](https://preview.redd.it/fx8dxbkfuqb71.png?width=1200&format=png&auto=webp&s=9eeed7006efedc4edd17bbed274140d0f63c509f) + +Perhaps not much of a surprise that the culprit behind the trade was Lew himself. He had managed to acquire another 5% take, pushing Premier Investment's interest to 16%. The next day, an announcement was released by Myer’s board stating that they were “willing to negotiate.” Premier fired back by demanding that the rest of the board resign! + +&#x200B; + +[I think the one in the red shirt might be Solly Lew. 😺](https://preview.redd.it/lyn6efdkuqb71.png?width=800&format=png&auto=webp&s=c083415e62e248bf5fda62e9b74384a068841501) + +Myer could well benefit from having someone of Lew’s calibre at the helm. He showed some of that business acumen in his high stakes negotiations with Scentre Group (Westfields) last year over rent and lease obligations, forcing the multibillion dollar landlord to compromise with Premier. In addition, the talent that Lew can bring to bear could help to further steer Myer back to profitability. There's rumors that the previous CEO of JB HiFi, Richard Murray, might be the pick to chair the board, should Lew get his way. At the very least, investors seem to think Lew would be an asset. In the span of 2 weeks since the block trade, Myer has gone up over 30%. Probably the biggest “risk” at this point is that Lew gets too good of a deal. + +# The Target + +Perhaps that’s ultimately the real question here. With Myer trading at just under 50cents now, are they still a good deal? To find out, one needs to have a good idea on where they will finish for FY21. Though, this is actually a bit more difficult than it might seem. The main problems are: + +* Retail is seasonal (1st half has Christmas holidays). +* New reporting requirements obscure historical patterns. +* Lockdowns depressed CBD store revenue significantly in 1st half. +* Online may have offset closures, but we do not know by how much. +* 2nd half has been more open, but gov restrictions presumably are still an issue. +* Jobkeeper also bolstered the numbers, but hard to determine how relevant. + +&#x200B; + +https://preview.redd.it/iz2nwwnauqb71.png?width=1032&format=png&auto=webp&s=9c7635b064d68f9793ee131b2a0b3c19637161be + +Reverse engineering the 2H results from the last few years, and using consistent reporting numbers and underlying profit levels one can start to see a pattern between the first and second halves. It seems like at least during those two years, revenue and EBITDA had relatively consistent relative results. + +NPAT was a bit less reliable, but given that EBITA and NPAT in the first half was very similar to where it has been in the last 3 years, it seems reasonable to take the difference between the "normal" years of FY18 and FY19 as a bearing to estimate what it could be for FY21. + +There is still the question of lockdowns, which make it impossible to truely factor out its potential ongoing effects on 2H21. However, the first half was experiencing similar struggles, and given our ratios are based on those potentially already depressed figures, it seems reasonable to consider that the downsides from lockdowns are already baked into the cake, so to speak. + +Jobkeeper is the last point of contention in a similar manner, but I think it is also reasonable to consider that is offset with the expectations that further cost reductions were achieved this year. King himself indicated that if jobkeeper had not existed, Myer would have just been more aggressive in their own cost cutting. + +Thusly I come to the following FY21 estimated fundamentals: + +* SPS - $2.47 +* EPS - 3.7cents +* BPS - 26cents +* BPS (hist.)\* - 60.7cents + +^(\*I’ve included a historical, pre-AASB16 book value as a means to hedge the leases, which otherwise have dropped Myer’s on paper book from 73cents down to 21cents just through accounting method, though in reality their position is actually better than it was years before.) + +To hedge even more conservatively, given the years of decline, I’ve opted to calculate the fair value at reduced multiples to provide a margin of safety (1x P/S, 10x EPS, 1.8x P/B), which gives the following: + +**Fair Value (FY21) - $1.10** + +Regarding the target price, I think as a result of the two very different approaches to book value over the last couple of years, its relevant to use both to calculate different targets (depending on how one might view the significance of the lease liabilities): + +**Target Price (FY21 hist.) – 58cents** + +**Target Price (FY21 current) – 38cents** + +I would observe that the last few years history of Myer’s share price, it seems to have floated roughly around its book value. This makes sense, given that there have been fears that it would go insolvent. + +Thus, the lower book value under the revised reporting might be a drag to getting to the same sort of levels that it previously held in 2018 and 2019, despite likely having similar results. At that point in time it hovered around 50-70cents. As such, I think that the share price has caught up to most of its current potential. + +However, compared to even a very conservative estimate of fair value, in my opinion Myer is still trading at a significant discount. If Myer can start to demonstrate that the company has turned the corner and start to produce the kind of profit margins that they enjoyed previously, perhaps even start paying dividends again, then I think it could easly close the distance to a "fair value" level of around $1.00 in the near term. + +The upper limit in the medium term is probably closer to the $2 mark, when looking at historical levels. And long term? With consistent and improving trends, it’s not hard to see Myer finally claw itself back to its original highs. Though, there is a lot of ifs and buts in those projections, and the assumption here is the belief that Myer could regain the sort of revenue levels it had 5+ years ago. That is far from certain, even if they do survive. + +# The TL;DR + +At over 120 years old, Myer has long been one of the most recognized names in Australian retail. With 60 stores nationwide, and over 2 billion in annual sales, it has been the largest upscale department store chains in the country both in terms of revenue and in terms of number of stores for decades. + +[Myer's 2015 Christmas window displays w\/ Jennifer Hawkins](https://preview.redd.it/2a0n5tfftqb71.jpg?width=650&format=pjpg&auto=webp&s=0f147b1ab24bb7e119fbe806e526307b988b6db4) + +In recent years, Myer has fallen on hard times, with many saying that the days of brick-and-mortar stores are over. Online and speciality retailers threaten to cannibalise the old behemoths. And for several years, there has been serious concerns that Myer would become insolvent. + +However, under fresh leadership of John King, Myer has done a lot to shore up its position, cutting costs and launching its online store. This was no small part of why Myer was able to weather the lockdowns of 2020 and finished up the year in a stronger position that it has been in for years. It's online store alone racking up revenue figures fast closing in on half a billion a year. + +Even with the recent boost in Myer's share price, it seems to me that they are still well under their fair value, should the company continue to show signs of strength. This annual report could perhaps be their most crucial since listing on the ASX. With a positive result pointing to further progress in the turnaround, I think Myer could regain a lot of the value that is otherwise heavily discounted in its current share price due to uncertainty in the store’s future. + +Not to mention the recent developments with retail billionaire and Myer bagholder, Solomon Lew, point to a further shake up in the Myer board. There is speculation to all manner of possibilities being on the table. The market seems to think Lew’s larger involvement with the business as a positive for their future, with a big bounce in the share price after the news. Lew's plans could easily play as a wild-card in Myer's future. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice* 🚀🚀🚀 + +*P.S If you can't get enough of Myer and you want to read a novel, this installment of Catching the Knife is actually somewhat of follow-up of a* [*DD I did on Myer earlier in the year.*](https://www.reddit.com/r/ASX_Bets/comments/lnhdiw/myr_your_mothers_favourite_stonk/) *Major flaw in that analysis was that I had completely missed the mark on the nature of the debt. Though there is some in depth commentary on retail and Myer's position in the marketplace that may be of interest.* + +*I'd love to hear other's opinion on MYR* *and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): SSM, CGF, URW, IPL, COE, SGH, FLT, Z1P/APT, SXL, RFG, AZJ.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +https://www.cnbc.com/2019/11/04/microsoft-japan-4-day-work-week-experiment-sees-productivity-jump-40percent.html + +Microsoft Japan tested a four-day workweek and has found the experiment a huge boon to employee productivity. + +The tech giant recorded an almost 40% jump in productivity levels after cutting its work hours as part of a wider project to promote healthier work-life balance. +I saw a listing on Roofstock that I was kind of interested in. I noticed the seller was willing to offer financing at 8.3%. I’ve never financed anything this way and am wondering why someone would take a seller up on an offer like this if the rate was higher than what you could get at any old bank. Is it because it’s less hassle to deal with than going with a traditional lender? + +[Edit]: Thanks, all, for the replies. Adding here that the seller is only offering financing with 30% cash down. Doesn't seem like a great deal! +Hey - I apologize if this isn’t supposed to be in here but feel like a lot of you would be able to help. + +I’ve had my business for about 5 years and am about to get acquired for 4.5M in cash & a little salary to consult for 2 years. + +I’ve basically reinvested all the money in the business over the years. No retirement accounts or commercial real estate properties, and paid myself a decent salary to pay for living expenses. + +My question to you guys is how/where do I invest this money (after taxes) to set my life up to where I can be comfortable? Is it possible with this type of money? + +I’m 24 and planning to have kids in the next few years. +***"You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom."*** \- Naval Ravikant + +&#x200B; + +I see a lot of discussions on this sub about which career path offers the surest (ie least risky) path to achieving fatFIRE. Law? Finance? Medicine? The reality is that the path to true fatFIRE depends less on your career choice than it does on your appetite for risk. It certainly holds true for me personally as I just hit my own fatFIRE number, not by pursuing any one of those careers, but rather by launching, growing and later selling a business. It was a somewhat risky move and the investment was considerable, but I could not have achieved it without taking the risk. + +So, I am curious. What risks did you take to achieve fatFIRE (or get on the path)? Did you leave a safe corporate gig to start your own thing? Did you invest in a startup? What stakes did you put in play to achieve your goal? +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. +selling options results in huge realized gains. Is there anything like tax loss harvesting to delay paying those taxes? I don't have any losses to harvest. +*Title edit*: it’s not proof - but by staying quiet and posting AMC friendly content, Superstonk is essentially allowing the mainstream media to group GME and AMC together - not just to unsuspecting investors - but to regulators as well. + +I say this as respectfully and as politely as possible. + +There is only one company here that’s doing a turnaround that’s going to be remembered in the business world for decades. + +There’s only one company that has over 100% of the stock shorted. + +There’s only one company speaking with their actions and not their words. + +Invest in what you want, but this is a GME MOASS sub and the only discussions regarding AMC around here need to be pointing out that AMC is a distraction and strategic move by parties on the short side of GME in multiple ways. + + +There’s only one MOASS guys. There’s only ONE fucking MOASS. + + + +This is not financial advice. I just like +The stock and I love fellow apes so want to do my part to spread the awareness as the truth has been slowly quieted. + +Moderators need to also do a better job of following these rules themselves honestly as I’ve noticed one in particular continuing to post and talk about AMC here in a positive manner. + +Stop supporting AMC here at Superstonk. If you think AMC is not a play by those on the wrong side of GME, then kindly keep that to yourself or discuss that on another subreddit and while here, please respect that GME is the only MOASS and that apes here will do what they can to spread awareness about how ever since January AMC has been their biggest play and that they’ve been trying to suppress that information and make it more accepted. + + +——- + +*edit*: For those who say that everybody already knows this? No…. Not everybody knows this.. + +https://www.reddit.com/r/Superstonk/comments/o04xrt/amc_day_is_proof_theyre_trying_to_get_amc_and_gme/h1tb49k/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3 +**Update 1st June 2021:** + +RIP to my inbox, however I managed to go through all messages and updated my table accordingly, main changes listed here: + +\-> (New) T212 total shareholders available + +\-> (Updated) eToro numbers. Apparently [96k GME investors](https://www.reddit.com/r/Superstonk/comments/npc9n7/when_you_purchase_gme_on_etoro_it_states_that/?utm_medium=android_app&utm_source=share) on eToro ! + +\-> (Updated) [Selfwealth](https://www.reddit.com/r/Superstonk/comments/nm2ts4/52584_unvotable_shares_held_by_aussie_apearoos_in/) total number of GME shareholder available. + +I encourage all of you apes to go and ask your broker for data available. Shares per ape, total shares held, total shareholders, it doesn't matter. All data helps. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Hello fellow Apes and welcome to our third and latest episode of: + +# 'Who owns the float?!' + +I do not only envy the Nordics for their full viking hair and their beautiful lady apes, but apparently also for their damn hot stock brokers! Why is that? + +As we are entering the final stage of *'hedgies are fuk'* Nordnet as well as Avanza (both brokers from the Nordics) seem to genuinley care about their customers *(yea, take a slice of that, RH and all you other dirtbag brokers)* and published their proxy vote stats on [freaking twitter](https://twitter.com/avanzabank/status/1397874363056197633). I will save you the click, just see below: + +[Avanza da real MVP](https://preview.redd.it/tf4bipjy72271.png?width=589&format=png&auto=webp&s=4fddc9801512944036343aad59e7a9fb011aa61e) + +&#x200B; + +[shut up and take my money Axel, much love.](https://preview.redd.it/dprsjl2v72271.png?width=368&format=png&auto=webp&s=2cd18f6db9e42fd4761058a3968aa84ae112503f) + +Btw: I heard transparency is a thing in the Nordics, is it true that you can just look up your neighbours tax statements or is that just a myth? + +However, lets look into the numbers. In my [last post](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) I made some assumptions, and the by far most critical was: How many shares does the average GME investor hold? **Avanza / Nordnet are answering exactly this question.** + +Quick math: + +|Broker|Total GME Apes|Total Shares held|Average Shares / Apes| +|:-|:-|:-|:-| +|*Avanza*|*22,023*|*322,545*|*14.65*| +|*Nordnet*|*19,206*|*329,812*|*17.17*| +|**Total**|**41,229**|**652,357**|**15.82**| + +**15.82 / Shares per ape. If that doesnt sound juicy, i dont know what does. And even better, it exactly matches with my assumptions from my initial post:** + +[tbh, i am suprised myself how accurate my guesstimate was](https://preview.redd.it/t0o9jy9r72271.png?width=300&format=png&auto=webp&s=58ed5445631d928f0ba7d48213c2ea6972d5604f) + +Okay - with the new numbers being fresh in, lets update our sweet little table. I will narrow it to down to 15 / 17.5 / 20 shares per ape. I believe that especially our US apes hold a little more than the Nordics, just for the plain reason that GameStop is more present in the States. (it even appears that GameStop has [left the Nordic market completely](https://www.reddit.com/r/Games/comments/dq2pkm/gamestop_is_closing_all_stores_in_the_nordic/). Any viking ape here to confirm this?). + +Please see the updated table below: + +[assumptions as of 1st June 2021](https://preview.redd.it/uqd99jb1pn271.png?width=764&format=png&auto=webp&s=fd3e5f49808af4deff5a4d5023ad5fecc8298bfc) + +Yep, you read that right: 173% up to 230% of remaining float seems to be in retails hand. And as you can see, my list is **by far not complete** (just think of all the regular banks that offer trading accounts). + +Just some more hyping: + +[April was a completly sideways crab-walk-month and the volume was nearly non-existent at some point. However even under these circumstances our favorite stock managed to reach #1 in many major european markets!](https://preview.redd.it/oc72s0sh72271.png?width=732&format=png&auto=webp&s=a2a1b6c066c2e7e32dd5a4be003628afddc5a2b3) + +Hold strong my fellow apes, it is the final stage we have entered ! Sorting out the last paper hands before entering lightspeed. And as always: **If in doubt, zoom out**: + +[if in doubt, zoom out](https://preview.redd.it/iaebf1jg72271.png?width=853&format=png&auto=webp&s=4fab1ab6efe4e9750455a8c87f512b48fd4f5620) + +Have a great weekend, see you on market open, cheers ! 🚀🚀🚀 + +&#x200B; + +Sources: [see my last post](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) +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! + +Some of this data is a little dated, so bear with me. + + +https://financialpost.com/executive/executive-summary/posthaste-variable-rate-mortgages-are-booming-should-we-be-worried September 2021 article saying that 23% of mortgages in Canada were variable rate. + + + +https://www.theguardian.com/money/2021/oct/29/homebuyers-cheap-mortgages-interest-rate-changes-rises October 2021 article on how 26% of mortgages holders in the UK are variable rate. It doesn't specify what month the data is from, but I'll presume from Q2 or Q3 2021. + +https://www.ratehub.ca/variable-or-fixed-mortgage and this article from February this year says 22% of all mortgages in America are variable rate. + +However, this article https://www.reuters.com/business/finance/royal-bank-canada-raises-prime-rate-32-after-central-bank-hike-2022-04-13/ is saying that 55% of all new mortgages in Canada are variable rate, which means those jumping into the market in the last year are not going fixed and have exposed themselves to the rate hikes. + +Let's say that the growth started in 2018/2019 from the mean, (as I can't really find substantive information on when the separation began, but that would time itself with when the rates for mortgages started getting ridiculously good.) And let's also say that this trend occurred similarly in both real estate boom markets like Canada as well as ones that are fairly normalized like in the US and Canada. + +Now let's also factor in that since 2013 when 33% of Canadians were living paycheque to paycheque https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/one-third-of-canadian-households-living-paycheque-to-paycheque/article12056287/ + +And has gone up to 53% as of pre-pandemic 2020 https://www.stthomastoday.ca/2020/01/17/27453/ (I'm having a heck of a time finding newer data but newer articles from the States indicate 70% down there.) + +https://globalnews.ca/news/8033553/debt-pandemic-canada-mnp-survey/ and 30% of Canadians have become insolvent in 2021 as of right now, with 53% of Canadians $200 away from insolvency https://www.ipsos.com/en-ca/over-half-53-canadian-households-200-or-less-away-insolvency-yet-still-optimistic-about-financial + +What percentage of home purchasers since 2019 (presume an average of 500,000 for each year 2019, 2020, 2021, and 2022 (forecasts are for 648,000 in 2022) so about 2 million home purchases, will go into foreclosure by the end of the year if the BoC hikes interest rates a total of 2% this year? Keeping in mind that there have already been .75% worth of hikes so far. +So I was doing some big thinking whilst trying to put the children to sleep in the middle of the night. VML is now just better value. There I said it fight me. + +Name one DFS/PFS/resource upgrade/drilling etc. that has ever happened on time. And by time I mean the timeline the company itself and should only really be used as a guide (we all remember mid-april don't we?). Now at the risk of sounding as though I've fallen hook line and sinker for the sunk cost fallacy, I think that the new timeline for commissioning of the plant is within reason based on other comparable companies and the changes in their timelines. It wasn't that long ago they released an announcement reporting that the dense media separator on its own was achieving over 70% concentrated material they still got to commission the rest of the circuit and that number will increase. I don't think true breadth and depth of the work needed for some economic studies/ resource estimates or in this case commissioning/construction are truly understand until you get started. There's no obstacle in the way it's just going to take longer than first estimated get over it. + +I also don't really get the story that management of s*** when I've not seen anyone provide a specific example of Lionhead doing anything the jeopardize the project. + +Geoff leaving was a surprise but a big part of the story going back to two and a half years ago because Geoff and the team are ex-lynas, emphasis on the ex. It was clear then that they're MO is to grow companies, realise value then pass them off and it's done all the time. The guy that built PLS now runs a company doing something with bitchumin. Everybody seems quick to blame Lionhead but this commissioning process was started before they came in and theyve only been behind the wheel for about two months. The interim CEO has 30 years of metallurgy behind him and that sounds like an incredibly relevant skillset for what vital are trying to accomplish don't you think? + +With the markets the way they are and sentiment being down the toilet I think there's a lot of selling happening as a way for retail to take back control because they are easily convinced by others online or can't stomach the losses despite the thesis having soooo much still going for it to succeed or they are simply inpatient. People have been crying for economics on tardiff since when they were still drilling the thing. I also think that an announcement of the bulk sample being delivered would have just been a sell the news event and the movement in share price everyone was anticipating would not have happened. + +I only hold meger 69420 shares so maybe I don't have that much attachment compared to those with much larger holdings but I do not see a single reason to sell. There's a difference between risk and uncertainty. I'm just gonna wait for the update they said they would publish next month and go see what else I can buy cheap. + +Someone tell me I'm wrong with examples I just don't see it. + +TLDR; the plant commissioning is going to take longer than first thought get the fuck over it projects are delayed all the time. + +Nothing has really changed. If you like speculation then you need to adjust your expectations. Nothing goes exactly to plan, it's how the team adapt and solve it. And in this case it's simply more time. +At the title reads, went through a major insurance provider and typed in my details and the quote came up at £80. I was sceptical but just assumed it was my lucky day. + +Now they are calling me up and say that they need to talk to me urgently. I'm assuming their algorithm went wrong somewhere. + +What should I say when I ring them up, are they obligated to honour the transaction at the price quoted? + +They have already sent me all the policy documents and everything looks fine, policy is due to start in two weeks. + +Edit: thanks everyone, will call up tomorrow and see what they have to say for themselves. + +Update: So they just called me up and told me that they would be cancelling the policy and providing me with a full refund plus a £30 gesture of goodwill. Didn't quite understand the issue but it basically revolved around them not adding the premium to the price. So I had only paid for the arrangement fees. They said that the policy wouldn't have insured me in the case of an accident despite me having given them all the correct details. +My brother in law died recently. He leaves a family of his wife and three kids teen to early 20s, and was the sole breadwinner. They had a lot of money troubles, and he just cancelled his life insurance to save some money (I know, but it's too late now). The house is on an interest only mortgage with about 5 years left and no investment to pay off the principle. SIL is a SAHM for the last 20+ years and no marketable skills. + +Is there any financial advice for them, or for my wife and I who will need to support them through this? There are a lot of creditors and little to pay them with. Are there any resources to help them, or do I just need to plan partition walls in my living room to create some extra bedrooms? +May I know please guys what best to buy now. I mean for example like for now each cost 0.07 in future couple year turn to 1 dollar. Just want hear you guy experience or advise & your get ur guidance. Sorry I’m new to this crypto world. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I had a little drive this afternoon through Knutsford and Alderley Edge. There were so many amazing properties that people with absurd levels of wealth must own. Plenty of high end cars driving around too. There are a few towns like this dotted around Manchester, it got me thinking that there is a lot more wealth than I realise across the UK. + +So what do these people do to get there? + +Business owners, company directors, top lawyers and doctors, inheritance, high end specialist contractors, footballers...what else am I missing here? +So everyone is inspired by SafeMoon and Doge and looking for the next MoonShot (myself included). This comes with thousands of tokens being promoted and unfortunately majority are Rugpulls. This post is my personal DD of the Bingus Token, *Disclaimer: I am in no way, shape, or form affiliated with the Dev team or the project managers. I simply like the Token. Before investing in anything, please DYOR!* + +**History of Bingus:** + +The Bingus Project 2,0 was launched around 3 weeks ago. You might be wondering "What happened to Bingus 1.0?" From the website: *"Bingus 1.0 was launched as a small hobby project by 'Bingus Dev'. As lover of animals he simply wanted to make a small meme coin that could do some good. His integrity and honesty were infectious and it very rapidly grew.* + + +*Once an error in the contract code was discovered, Bingus Dev immediately informed the community and advised everyone to pull their money. Bingus and now Admin, then whale MJ, held all the way to the bottom to ensure most people could get out without losing money.* + + +*Miraculously in the aftermath not only did the community stay together, but it also grew and insisted on a relaunch."* + +I found this pretty interesting because Mike Cerisano (AKA: the whale MJ, the Dad of the community) sacrificed his money for the welfare of the community, hard to find that in any other project that's only goal is to 1000000x. Side note: Mike works in Hollywood and has large connections + +**Why I chose Bingus:** + +In looking for the next moonshot, there were many other projects line Bonfire and LavaToken that were much more popular; however, I believe the real moonshots are the ones grown organically with a strong community that wont fuck each other over for personal gains. I have been apart of the telegram for around 5 days now and I can say that everyone in there is kind, helpful, and everyone shares the same perspective on the project. + +Another reason why I chose Bingus was because of the contract. Now let me note that I am not a developer and can barely read code, however I do know some common red flags. 1. Out of all the Moonshot proposals I've seen, Bingus is the only token that does not have the 'Mint" function in the contract. (You can check using CTRL+F and search for "mint" in the contract: 0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) This means that the devs can't simply print a shit ton of Bingus to wipe out the LP. FYI: You can use this trick for any Moonshot you are playing, mint functions are extremely suspicious. + +Charity: While many of these Moonshots are pure hype and pumps, Bingus actually has a use case and donates to community approved animal shelters. So far, 2.08 ETH has been donated (The project is only 3 weeks old keep in mind). Now imagine if Bingus can get some of the volume of Doge, there would be much more $$$ available for donations. Proof of donations can be found on the website: [https://bingus.finance/](https://bingus.finance/) + +P.S. Bingus also has some merch: [https://bingusofficial.com/](https://bingusofficial.com/) Pretty dope in my opinion + +**Tokenomics:** + +The Tokenomics for Bingus is pretty standard. Max supply of 1,000,000,000,000 but only 936,796,778,002 remain due to burns. There is a 3% fee per transaction where 1% goes to the charity wallet, 1% is burned forever, and 1% is redistributed to all holders. Some may say that 1% reflection is low and not enough for them, if this is the case then you may want to find another coin. + +The top 3 wallets go as such: Burn wallet, PancakeSwap LP, and the Charity wallet. + +I will say that there are a considerable amount of Whales in the Token holders, this is one downside of Bingus. + +Currently, Bingus has a Market Cap of $5.2M. This is extremely small compared to the likes of these other Moonshots that are simply pump and dumps. For this reason, I believe Bingus has a lot of room to grow and the Whales know that too. + +Here is some basic level TA, THIS IS A BULLISH PATTERN COMPARED TO OTHER PUMPS! + +[https://gyazo.com/c307387dfe27439ef875c10a6420017e](https://gyazo.com/c307387dfe27439ef875c10a6420017e) + +**Endorsements:** + +The way I found Bingus was through the endorsement the project got from Youtuber(8 Million subs)/Twitch Streamer MoistCr1tikal. (Here is the clip of him talking about Bingus: [https://m.twitch.tv/clip/DarlingPatientHamWoofer-fRGkc3oRVxK3olmz](https://m.twitch.tv/clip/DarlingPatientHamWoofer-fRGkc3oRVxK3olmz)) He is super supportive of the project and is a great benefit to grow the community. He has gotten in contact with the devs and I doubt he would put his reputation on the line for a scam project. + +Another endorsement is from musician Bbno$, he is super supportive of the project, active in the Telegram, and even made a short song about it ([https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7](https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7)) + +The Youtuber Rocky Kanaka, 2.34M subscribers and huge on animal content, is onboard with the project and is making a video about Bingus very soon! (Here is his channel: [https://www.youtube.com/c/rockykanaka/videos](https://www.youtube.com/c/rockykanaka/videos)) + +This is just the current endorsements Bingus has so far and there are much bigger ones to come + +**Upcoming Catalysts:** + +Bingus is currently whitelisted on CMC, data tracking is coming soon. Listing on Blockfolio and CoinGecko are also awaiting approval + +Bingus Community is planning on auctioning off NFTs that will use the proceeds towards donations! + +**Conclusion:** + +I personally think that this project is not a quick pump and dump BSC token, but an actual token that has a use case in the world. I believe there are too many large influencers who are actively involved in the community and working with the developers for this to be a Rugpull/Honeypot. I also think there is a lot of money to be made because of how small the token is while having such big support from large influencers. Maybe the most important, Bingus has been a meme already and has great meme potential like Doge compared to these knock offs like Hoge, Boge, etc. + +I don't think this will be an overnight 10x but I think this project can easily hit +50M Market Cap within few weeks. + +Any other thoughts/critiques are welcomed in the comments. + +Thanks for reading + +**Misc Links:** + +WEBSITE : [https://bingus.finance/](https://bingus.finance/) + +PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8 + +Twitter: [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +Telegram: [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +Discord: [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +Chart: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +BSC Scan: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Locked liq (RUGPROOF): [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC) +Curious what folks' philosophies are for timing an intentional exit from an organization. + +Maybe there's no specific plan - you just feel it out, or don't overthink it. + +Maybe you just hunker down in a FAANG job you don't love cause it pays well and you can save a lot. + +Or do you leave any time you realize you've hit a ceiling and have no room for growth in title and/or scope and skill? + +Or do you bounce every 2-4 years to gain startup equity across several companies, hoping or expecting some to have real value? + +Personally, not super long into my career (hence the curiosity how others play this) but my instinct has very much been to be focused and motivated until the moment I sense my learning and vertical mobility in the organization have hit a peak (or will take years to break past ceiling). + +Interested in your perspective. Thanks. + +&#x200B; + +EDIT: if any mods feel this is a Mentor Monday topic no worries on moving. +This is a genuine question. I’m not trying to pick a fight with anyone here. I’m genuinely curious how you guys chose to be dividend investors. From the reading I’ve done it seems very hard to beat the market. Am I missing anything? +I'm currently in the midst of the worst financial period I've ever found myself in. I was laid off from my job, I have no money, I've been looking and applying to jobs but haven't heard back from any of the potential employers, my phones service is being shut off, and I'm still waiting to be approved for financial assistance. It's been rough. Tonight I was hungry but didn't want to dip into the remainder of my rice so I did the saddest thing I've ever done and scraped together whatever change I could find, about $10 in mainly dimes, and went to the convenience store to buy some honey buns. I didn't want to just drop a bunch of dimes on the counter so I explained to the guy working that I don't have much money and wondered if he would be fine with me paying with dimes and he told me to get whatever and he would pay. + +I assured him I could cover and just wanted honey buns and he said it was fine so I grabbed some honey buns and put them on the counter prepared to pay and he whipped out his card and tapped the machine to pay for me before I could say anything. I offered to give him whatever money I had to pay for it and he just kept refusing saying to keep my money because I might need it later. I thanked him and left and it took everything in me not to cry. Of all the constant difficulties I've been facing these last few months this guy chose just to believe a stranger and help me out and I felt so many different emotions, I used to be in a position where I did that for others and I never thought I'd be in a position where someone would do that for me. I just have no words. So thankful for unprompted kindness from a stranger but I feel so bad it's come to this. + +&#x200B; + +Edit: Wow tons of amazing comments! I appreciate the positivity and advice guys thank you so much! I just woke up from a nap but I'll be sure to respond to as many comments and messages as I can. +Something marvelous happened. I work for the county and they did a salary survey and my position was found to be underpaid. So next paycheck I'll be getting a raise plus a 3% cost of living increase. I currently work part-time and I want to automatically save more money into my Ally accounts. Anyone have any ideas to avoid lifestyle creep? I currently work 2 side gigs, we have a roommate and my husband works full-time. +Curious to see numbers or what expenses you have saved for in your emergency fund. Where do you keep it? Only want to compare mine to others. + +I live in LCOL with 5month Emergancy. +Saving for next years tax season and a larger car. +(Posting on behalf of a friend) + +Hi everyone, right now I’m saving for 2 years of emergency savings. Once I meet that goal, I’m in a grey area on what to do next. + +Some details: + +\-Currently meeting company’s 401k match (investing 15% of my paycheck) + +\-Have invested a few thousand in stocks (mainly technology) + +\-Maxed out Roth IRA and HSA + +\-No kids + +\-No debt + +\-Not paying rent rn (living with parents until the pandemic gets better) + +I’m thinking of putting some money in Wealthfront for robo investing (just to meet the free $5k minimum because a friend will refer me). I also want to invest more in stocks. My main goal is to continue growing my money. I will also look into developing another source of revenue (real estate or a side hustle). + +Is there any other goal or area that I could allocate my biweekly paycheck to? Should I look into a Traditional IRA in the future? I earn around 90k a year (not counting the bonus). Any advice or insight is appreciated. Thanks! + +EDIT: Added that I have also maxed out my HSA! +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or** [**inflation**](https://imgur.com/gallery/3rduvh3) **(hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a Sword of Damocles that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +# [Part One: The Global Monetary System- “A New Rome” < ](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +# [Part Two: Derivatives, Systemic Risk, & Nitroglycerin- “The Ouroboros” < ](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) + +# [Part Three: Banks, Debt Cycles & Avalanches- “The Money Machine” <](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) + +# Part Four: Financial Gravity & the Fed’s Dilemma- “At World’s End” < (YOU ARE HERE) + +# If you haven’t already, PLEASE go back and read Parts 1-3. We’ll be referring heavily to concepts like Triffin’s Dilemma, Derivative Feedback loops, and Debt Supercycles throughout Part 4. I want to make sure everyone is on the same page as we delve into Part 4, the largest and most comprehensive section yet. + +&#x200B; + +# Also Please Check out [Part 4.0](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) and [Part 4.1](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) before continuing. + +&#x200B; + +# + +# PART 4.2 “Financial Gravity” + +&#x200B; + +# The Panic of 1907 and the Creature from Jekyll Island + +As the industrial economy expanded following the Civil War, the weaknesses of the nation’s fractional reserve banking system became more serious. Bank panics or “runs” occurred regularly. Many banks did not keep enough cash on hand to meet customer needs during these periods of heavy demand, and were forced to shut down. + +News of one bank running out of cash would often cause a panic at other banks, as worried customers rushed to withdraw money before their bank failed. If a large number of banks were unable to meet the sudden demand for cash, it would sometimes trigger a massive series of bank failures. **In 1907, a particularly severe panic ended only when a private individual, the financier J.P. Morgan, used his personal wealth to arrange emergency loans for banks.** + +The Bank Panic of 1907 occurred during a six-week stretch, starting in October 1907. In the years leading up to the Panic, the U.S. Treasury, led by Secretary Leslie Shaw, engaged in large-scale purchases of government bonds and eliminated requirements that banks hold reserves against their government deposits. This fueled the expansion of the supply of money and credit throughout the country and an increase in stock market speculation, which would eventually precipitate the Panic of 1907. (Credit Bubble as discussed in Part 3). + +The role of New York City trust companies played a critical factor in the Panic of 1907. Trust companies were state-chartered intermediaries that competed with other financial institutions. That said, trusts were not a main part of the settlement system and also had a low volume of check-clearing relative to banks. + +Consequently, trusts at the time had a low cash-to-deposit ratio relative to national banks—the average trust would have a 5% cash-to-deposit ratio versus 25% for national banks. **Since trust-company deposit accounts were demandable in cash, trusts were at risk for runs on deposits just like other financial institutions.** + +The specific trigger was the bankruptcy of two minor brokerage firms. A failed attempt by speculators Fritz Augustus Heinze and Charles W. Morse to buy up shares of a copper mining firm (using huge margin loans to buy the shares) resulted in a run on investment banks that were associated with them and had financed their speculative attempt to corner the copper market. + +This loss of confidence triggered a run on the trust companies that continued to worsen even as banks stabilized. The most prominent trust company to fall was Knickerbocker Trust, which had previously dealt with Heinze. Knickerbocker, New York City's third-largest trust, was refused a loan by banking magnate J..P Morgan and was unable to withstand the run of redemptions and failed in late October. + +&#x200B; + +https://preview.redd.it/owqh9o8349u71.png?width=1245&format=png&auto=webp&s=a305bb5b147d82b039812fc8e9089fb3e2d2f551 + +This undermined the public's confidence in the financial industry in general and accelerated the ongoing bank runs. Initially, the panic was centered in New York City but it eventually spread to other economic centers across America. **In many ways, this crisis forebodes the 2008 financial crisis which began with similar circumstances (overleveraged institutions, financial speculation, shadow banks) and had similar results (collapse of financial institutions, emergency programs to save the system).** + +In an attempt to head off the ensuing series of bank failures, Morgan, along with John D. Rockefeller and Treasury Secretary George Cortelyou, provided liquidity in the form of tens of millions of loans and bank deposits to several New York banks and trusts. + +In the following days, JP Morgan would strongarm the New York Banks to provide loans to stock brokerages to maintain stock market liquidity and prevent the closure of the New York Stock Exchange (NYSE). He later also organized the Tennessee Coal, Iron, and Railroad Company (TC&I) buyout by Morgan-owned U.S. Steel to bail out one of the largest brokerages, which had borrowed heavily using TC&I stock collateral. + +A spike in the interest rate on overnight collateral loans, provided by the NYSE, was one of the first signals that trouble was brewing. Specifically, annualized rates spiked from 9.5% to a whopping 70% on the very same day that the Knickerbocker shut down. Two days later, it was at 100%. + +&#x200B; + +https://preview.redd.it/ncmn0hg449u71.jpg?width=600&format=pjpg&auto=webp&s=16725832915d7ee283051594bf68bfd0e583b37a + +The NYSE managed to stay open mainly because of J.P. Morgan, who obtained cash from established financial institutions and industrial behemoths. Morgan then provided it directly to brokers who were willing to take on loans. + +After a hold-up of several days, the New York Clearing House Committee got together and developed a panel to promote the insurance of clearinghouse loan certificates. They provided a short-term boost in liquidity and also represented an early version of the window loans provided by the Federal Reserve. + +The 1907 financial panic fueled a reform movement. Many Americans had become convinced that the nation needed a central bank to oversee the nation’s money supply and provide an “elastic” currency that could expand and contract in response to fluctuations in the economy’s demand for money and credit. Others did not agree and saw this as a back-door attempt to continually save corrupted banks. + +It was clear that a shrewd financier like JP Morgan would not be around forever- bankers grew extremely worried about the next financial crisis. They began to lobby Congress to create a “permanent” solution to bank runs. After several years of negotiation and discussion, Congress established the Federal Reserve System on December 23rd, 1913. + +&#x200B; + +https://preview.redd.it/yhsyfeo549u71.png?width=685&format=png&auto=webp&s=11e1c39946e4c24ee8c613e4332c011621d67777 + +Under a fractional reserve banking system, no bank has enough cash on hand to give out during redemptions. Money deposited in a bank account is very quickly lent out again, with only a fraction (say 10%) being kept on hand to handle withdrawals. + +As a run on one bank would ensue, the web of financial obligations that tied the banks together would start pulling other banks down with it. Any loans owed by the bank in crisis would immediately start to be downgraded, and the creditor banks, even if healthy, would see the value of their assets fall as the market started pricing in the default of the collapsing bank. + +What was seen in the crisis of 1907 was not only a credit collapse, but a collapse of confidence- the entire banking system was thrown into question, as depositors did not know which bank is solvent and which was not. Similar to the Prisoners Dilemma, individual depositors, knowing even though leaving the money in the banks would make the system as a whole much safer, took the conservative route and pulled as much money out as they could. + +What the banks needed at this time were cash loans- but at the very moment they most desperately needed it, the loans were not available as other banks faced runs as well. Thus, the Fed was created as a “Lender of Last Resort”- it could create bank reserves out of thin air and lend them to banks in order to ensure their solvency. + +&#x200B; + +https://preview.redd.it/x0m2vl7749u71.png?width=464&format=png&auto=webp&s=2086ec0c9c1ecb4dbf3cefc54a672863889d815c + +Many were infuriated by the creation of the Federal Reserve, which they viewed as a perpetual savior to Wall Street and a breeding ground for “[Moral Hazard](https://en.wikipedia.org/wiki/Moral_hazard)”, an Economics term used to describe a situation that occurs when an entity has an incentive to increase its exposure to risk because it does not bear the full costs of that risk. For example, when a corporation is insured, it may take on higher risk knowing that its insurance will pay the associated costs. + +With time, their predictions would prove to be correct. With every financial crisis, the Fed’s power has grown, so much so that the institution would not be recognizable today to those who first founded it in the Winter of 1913. + +The Fed’s role was inalterably changed during the 1930’s when the U.S. faced its worst banking crisis in history. Coming at the cusp of a major credit downturn combined with a speculative bubble (that it had helped create), the Great Depression saw the collapse of over 10,000 bank and non-bank entities, including shadow banks such as trusts. The Fed did not respond adequately to this crisis; many monetary economists, including Milton Friedman, blame the Fed for not lowering interest rates or lending to failing banks. + +**Remember from our discussion in Part 3, in our current fractional reserve banking system, most money in the system (\~95%) is actually credit.** So, when companies/banks/individuals default, the loans are written down, and money is actually destroyed- it is deleted from the ledgers of banks. This is the nasty dual sword of credit- it gives (creates money) in good times, leading to increased revenues, asset values increasing, business growth, employment, etc- BUT, every dollar lent out has to be repaid. These dollars need to be paid back as the economy starts to roll over, and when they aren’t, the money they constituted is eliminated from the system. M3 Money Supply fell an estimated 30% during the Great Depression. (The Fed mysteriously stopped tracking M3 Money Supply in the early days of the Great Financial Crisis). + +Thus, the widespread collapse in prices (deflation) that began in 1929 on Black Monday was not just due to overleveraged speculators on the stock market- if that were the case, it would have just been a equity bear market and perhaps a mild recession (like the 2000 Tech Bubble, where DotCom stocks fell 80%, but the general economy pulled back only slightly). + +**The continued spiraling drop in prices of everything, from homes, to bread, to oil- was a result of the actual destruction of money that was occurring in the banking system. As credit was destroyed, money was as well- and with fewer dollars chasing the same goods, the dollars became more valuable, and thus it required fewer of them to purchase real goods.** + +Add onto that the hoarding of cash, which reduced money velocity, and prices fell even further. Businesses that were overleveraged were the first to default, but as prices continued to fall and revenues collapsed, even good businesses with sturdy credit could not find willing lenders. No one was willing to lend for fear of default. + +Thus, in 1933, the Federal Deposit Insurance Corporation (FDIC) was created, which insured all deposits of U.S. Commercial Banks up to a limit (now $250k, and now has expanded to include far more than bank deposits). Further, the Fed’s powers were expanded substantially. It had seen small trials of the Open Market Operations in 1907 and again in 1923, and in 1933 took this strategy under its wings, although it did not use it to its full effect as it would in 2008. + +Open market operations (OMO) refers to the practice of buying and selling U.S. Treasury securities, along with other securities, on the open market in order to regulate the supply of money that is on reserve in U.S. banks. This supply is what's available to loan out to businesses and consumers. The Fed purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money. + +**The Fed can thus influence the Price (interest rates) and Quantity (**[**M2 Money Supply**](https://fred.stlouisfed.org/series/M2NS)**) of Money itself- and by doing so, indirectly affect the prices of everything else in an economy.** + +Again, this practice was originally limited to only U.S. Treasuries, but it would be expanded in future crises to include Mortgage Backed Securities (MBS, 2008), and Corporate Bond ETFs (2020). + +During the latter part of the 1930’s, as part of their bid to widen the powers of the Fed, Federal Reserve Governors adopted the “mandate” of ensuring full employment (or as close to it as they can muster), in a bid to shift the overall strategy from solely bank lending to a more holistic monetary policy view. During the inflationary 1970’s, Congress added new stipulations to the Federal Reserve Act of 1913, so that now the Fed aims to follow their Dual Mandate of Price Stability and Full Employment. + +In the aftermath of the Great Depression, many monetary scholars envisioned a re-imagined Federal Reserve. The Fed, they argued, should work to eliminate the business cycles all together. Economic cycles have existed for millennia- the Kondratieff Cycle, for example, is an 80 year economic supercycle borne out of technological innovation. Credit cycles have been observed for hundreds of years, and consistently caused spurs in economic growth followed by subsequent recession. + +&#x200B; + +https://preview.redd.it/n7kx9gaa49u71.png?width=1448&format=png&auto=webp&s=6c0f2ca45f0f59787b2eaadd106189e6fc336584 + +The business cycle is an upwards trending sine wave, where credit creation fuels economic expansion for a time, and then the economy begins to roll over, and all these debts become due, and thus a recession/depression occurs. The cycle has been seen in countries as different as Japan, Afghanistan, the U.S., China, and Brazil- and has even been observed in biblical times (debt Jubilees, Leviticus 25) as well as ancient Egypt, Rome, and Mesopotamia. + +&#x200B; + +# Financial Gravity and the Event Horizon + +Economics is a social science- it is a blend of both humanities (sociology, psychology) and hard sciences (science, math, statistics). That being said, there are fundamental laws that govern economic systems wherever they prop up. In my personal life, my father has a PhD in Atmospheric Science- he was fascinated by how ice crystals and condensation are formed in clouds, and traveled the world (Chile, Antarctica, Canada) studying cloud physics. As a boy and basically an only child, he instilled a love of science in me- and I still view many things through that prism. + +When I explain economic concepts to him, I like to use physics metaphors to get the point across, because this is the world he understands. To me, Debt is a form of financial mass. + +One of the emergent properties of mass is gravity, as described by [Newton’s equation](https://en.wikipedia.org/wiki/Newton%27s_law_of_universal_gravitation). The mathematical formula for gravitational force is + +&#x200B; + +https://preview.redd.it/cq0asr7i49u71.png?width=714&format=png&auto=webp&s=341dc11737206ed63b07bc7ae0200269076a162d + +The more mass an object has, the greater its gravitational pull, (multiplied by the gravitational constant, G). The distance between two objects in space is represented by r. The gravitational force gets weaker by the square of the distance between two masses. + +**Debt is very much the same. At first, when debt is added onto an economy, it stimulates growth, as it creates new credit for businesses to access to build factories, train workers, construct buildings, etc. But, as the debt continues to grow, so do the interest payments- at some point, the debt load is too heavy, and the mass of the economy causes it to fall into itself in a credit contraction- leading to defaults and deflation.** + +Let’s say you own a company making net income of $100M a year. With a debt load of $1B and an interest rate of 7%, you have to pay $70M a year in interest alone just to keep the creditors off your back. If for some reason the company’s income falls to $50M, or interest rates rise, say to 11%- **then you can’t pay your debt. The math doesn't add up.** + +**The reason why debt cycles exist is as fundamental as the laws of physics; when an entity can’t pay its debts, or even cover the interest on the debt- what happens? It defaults. This isn’t a machination of political pundits, or econ professors, or conspiracy theorists- it is simply a law of math.** + +**When this happens across an entire sector, that's when you get deflation, credit contraction, and a downturn in the business cycle.** + +**If an entity can’t pay back their loans, they default- who would want to lend money to an entity that can never pay them back, a la Evergrande? No one.** + +**This is why I compare some economic laws (such as debt) to those of physics- both systems are ruled by math, the fundamental law of the universe.** (NOT ALL Economic laws- MANY economic laws are more complex/nuanced or based on human behavior, which doesn't follow perfect logical rules like math does). + +**Finance at it’s heart is about numbers, math- and the math doesn't lie. When the numbers don’t add up, and you have more liabilities than you can ever pay back, you default (Lehman Brothers and Bear Stearns, AIG, etc).** + +“But wait!” You say. “Governments issue debt in their own currency, which they print. Thus they can never default! Problem solved!” **Potato, potahto. If they print money to stave off the default, they only devalue their currency- thus, they don’t default in nominal terms (they DO pay back your $1,000 Treasury Bond) but in real terms (that $1,000 buys less stuff due to inflation).** + +Back to the business cycle- wherever the cycle peaks above the grey dotted line, this is called a positive output gap, and when it is below the line, it is a negative output gap. Post Great Depression, the Fed began to take responsibility for trying to control the business cycle, as they had just seen how destructive a credit bust could be. + +&#x200B; + +https://preview.redd.it/oagmeddj49u71.png?width=900&format=png&auto=webp&s=b2ff4ca2f0afba1d989face4f3f2634ce833796b + +Thus, the Fed decided to take on a role of “regulating” the cycle. **It would do this by lowering interest rates and easing monetary conditions during a recession, spurring borrowing and lessening the rates of default, to make sure companies can continue to hire and train workers as needed.** + +**During economic booms, they would tighten monetary policy, to prevent the economy from “overheating” by increasing interest rates, thereby tightening monetary conditions and preventing excessive speculation and overleveraging.** + +They also do this to get interest rates high enough so that they can drop them once again during a crisis, as interest rate policy is one of their most critical tools. (An overheating economy sees excessive credit growth, which often creates inflation- this is why inflation tends to peak before a recession. Just as many have pointed out in this sub, the last time inflation was above 5% was right before the Great Financial Crisis of ‘08) + +Don’t believe me? Look at their own tracking of the [Federal Funds Rate](https://fred.stlouisfed.org/series/FEDFUNDS), the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. (the shaded areas indicate a recession) + +&#x200B; + +https://preview.redd.it/7me1w8al49u71.png?width=2848&format=png&auto=webp&s=105907aa22778bd6c064eb0a98abf4fbdf4aa9da + +After every recession begins, they drop interest rates down to mitigate the hit of the downturn. As the economy improves, they are able to raise them back up again. It's a near perfect lagging indicator of a recession. + +How long do they keep interest rates down once they are in a recession? No one really knows. **The Fed is perpetually caught in a catch-22; if they raise interest rates too soon during a recession, they worsen it or cause a depression.** + +**But, if they keep interest rates low to spur an upturn in the credit cycle (bubble in this case), then they are sowing the seeds for the next crash, as the debt created on the way up must be paid back on the way back down.** + +**When the economy is booming, if they raise interest rates too fast), then they cause debt payments to spike, which means defaults occur, and the economy starts to roll over.** + +There is no real escape from this conundrum. **As you can see, the Fed has been fighting it for the better part of a century to no avail- it keeps reacting to crises in hindsight, never understanding that many times, it is also the one that caused it-** Just like a firefighter coming to put out a fire he set an hour before. + +Each bubble bursting must be met with the Fed creating a bigger bubble. 1990 sees a mild recession? Time to lower interest rates and (“accidentally”) spur the Tech Bubble. That bursts in 2000? Time to lower interest rates and start a housing bubble. That collapses? Start an Everything Bubble in 2009. Rinse and repeat. (Again, cycle every 8-10 years- March 2020 anyone?) (I’m oversimplifying, there are many other factors that contributed to these bubbles, but low interest rates just adds fuel to the fire). + +**This process continually creates more debt, more inflated assets, and more risk in the system. Look at the chart above- you’ll notice that the troughs (low interest) get larger and deeper, and the peaks get shorter- with each crisis, they are able to raise the rate to a lower level than before, and have to drop it to a deeper level than before, to get themselves out of it.** + +Pre 1990, the Fed Funds Rate was at 9.5%. In 2000 it hit a cycle high of 6.5%. Pre 2008 it barely got above 5%, then it was pinned to near zero post Great Financial Crisis until Yellen finally decided to start hiking in late 2015, but even then it took four years to get to a measly 2.4%, and even that could be held for only a couple months. + +Why do they keep lowering interest rates, and keeping them lower than before? Simple, just look at a chart of [Public Debt to GDP](https://fred.stlouisfed.org/series/GFDEGDQ188S) for the United States. As the Fed has continued with this game, debt as a percent of GDP has continually increased, from a starting point of 30% in 1981 to 127% where we sit today. Ever increasing levels of debt means the Federal Government will go bankrupt if interest rates stay at historic norms (6-8%), so the Fed has worked to suppress interest rates to keep the Treasury solvent. + +&#x200B; + +https://preview.redd.it/2ndracwo49u71.png?width=1903&format=png&auto=webp&s=c22407597a64f9538014fb2a09e99ba7cdf25154 + +**The Fed, with this trend of lower and lower interest rates in their vain attempt to kill the credit cycle, have created a financial black hole- the more they lower rates to get out and stave off default, the more debt is created, piling on more and more mass. This pushes interest rates even lower, which creates more loan demand, and thus more debt, in a devastating feedback loop.** + +**This game will continue until the whole thing collapses under the weight of it’s own gravity. That, or they burn their way out with inflation. (Guess which path they’re currently choosing).** + +**There has been much discussion of a taper, that the Fed will stop printing money to buy securities, and will raise interest rates to “fight inflation”. To me, anyone who believes they will accomplish this is being foolish.** + +**The Fed could barely get interest rates above 2.4% in late 2018/early 2019 before the stock market began to fall into bear market territory and the repo market blew up in September 2019. What makes them think they could get interest rates high enough to matter to fight inflation (above 7%) with Debt to GDP 30% higher than it was in 2019?** + +**See below for a brief overview of all the Fed “Tapers”.** + +**Each time they begin this program, the markets react violently. Addicted to the heroin of easy money and low interest rates, the prisoners of this system (the banks and the US Treasury itself) are up to their eyeballs in debt, and any attempt to offload that debt is vehemently opposed. (**[**See this article**](https://www.reuters.com/article/us-usa-fed-2013-timeline/key-events-for-the-fed-in-2013-the-year-of-the-taper-tantrum-idUSKCN1P52A8) **for a timeline of the 2013 Taper Tantrum).** +