diff --git "a/reddit_finance_43_250k_142.txt" "b/reddit_finance_43_250k_142.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_142.txt" @@ -0,0 +1,10000 @@ + +* Jun 2021: Production Sharing Agreement (PSA) with the government signed +* Jun 2021: Potential Farm-In agreement awarded +* Jul/Aug 2021: Conclude seismic program and release results +* Oct 2021 - Early 2022: Drilling Campaign (time variation due to long lead items) (drill time 60 days) +* 2022: Drilling of second well on Msasa prospect + +*PSA* \- A contract between the Zimbabwean Government and Geo Associates Ltd that states how much of the prospective resource each party will receive. The PSA is said to be agreed upon and is currently being reviewed by an independent 3rd party consulting firm, so an official signature has not been achieved. Note this is the first Oil and Gas PSA in Zimbabwe so all future contracts will be dependent on this one. + +*Potential Farm-in -* A farm-in partnership will derisk Invictus’ exposure however at the same time reduce our percentage ownership in the prospect. Having ownership of an asset that is one of the largest and final under-explored interior rift basins in Africa, Invictus can leverage its position in the negotiations to get better terms. They have previously received a farm-in offer but it is expected that a decision will be made on the farm-in contract after the PSA has been signed due to the requirement of a stable legal and fiscal framework that gives the farm-in investor confidence. + +Invictus also has the potential to go alone in the project, leveraging funds from investors and institutions. The recent capital raising was heavily oversubscribed and after 3 hours from opening was closed. Will increase the risk however Invictus will retain larger percentage ownership. + +*Impact of COVID* \- Due to the lack of oil and gas operations being undertaken in Africa during 2020, the service (surveying and drilling) costs were reduced significantly and Invictus now has access to a diverse range of equipment that was once difficult to come by. + + +**Management** 💼 + +**Dr Stuart Lake - Non-Executive Chairman** + +* 35+ years in the Petroleum industry, having operated assets in 20 countries worldwide, including 10+ in African countries, and has **lead 9 country entries** +* Has a **90% exploration success rate** from over 300 wells (270/300) +* Strong operational experience and in-depth expertise in all aspects of subsurface/surface evaluation and risk analysis +* $90,000 per annum &amp; 9,000,000 shares options exercisable during July 2022. Low remuneration and high amount of share options. Likely has a lot of belief in the prospect being successful +* Former President and CEO for Castle Petroleum, CEO of AGM Petroleum, Senior Advisor to Aker Energy, Former CEO of African Petroleum Corporation, Former Vice President of Exploration in the Hess Corporation, Non-Executive Director of Capterio +* Based in London, England +* Ownership: 0.35% or $262,700 (But has a lot of performance shares) + +**Joe Mutizwa - Non-Executive Director and Deputy Chairman** + +* **Highly respected Zimbabwean businessman** and has **connections to the Zimbabwean government and key industries** +* Currently sits on the **Presidential Advisory Council,** a body appointed by Zimbabwe’s President to advise and assist in formulating key economic policies and strategies (this is massive) +* Current chairman of Mangwana Capital, who is a major shareholder of Invictus and is a director of the Company’s 100% owned local subsidiary Invictus Energy Resources Zimbabwe Pty Ltd. +* 10 years as Chief Executive of Delta Corporation, one of Zimbabwe\`s largest listed companies +* Ownership: unknown (appointment on 19/05) + +**Scott Macmillan – Managing Director** + +* 14+ years in exploration, field development planning, reserves and resources assessment, reservoir simulation, commercial valuations and business development. +* **Zimbabwean National**. Can take full advantage of his local relationships, understanding of business climate and how to ‘get things done'. +* Previously Senior Reservoir Engineer at Woodside Energy, Business Advisor in the African Global New Ventures team, Senior Reservoir Engineer for AWE +* **Extremely professionally in his presentations** +* Based in Perth, Western Australia and is on $250,000 per annum +* **Ownership 13.1%** or $9.9m. Fantastic Sign + +**Brent Barber - Country Manager &amp; Technical Director** + +* **Exploration geologist with 40+ years of experience** +* Involved in the exploration and evaluation of mineral prospects and mining ventures throughout Africa, South America and SE Asia +* Focussing on the acquisition, assessment, design and management of IVZ’s exploration prospects +* **Head of 1990s Mobil Hydrocarbon Exploration in Zimbabwe** (wants to prove himself) +* Based in Harare, a 4-hour drive from the prospect site +* Ownership: Not within Top 20 Holders + +**Barnaby Egerton-Warburton - Non-Executive Director** + +* Ownership: 1.71% or $1.4m + +**Gabriel Chiappini - Secretary &amp; Non-Executive Director** + +* Provides guidance on capital raisings, investment and divestment +* Ownership: 0.83% or $674k + +**One-Gas Resources Management (20% owner of SG 4571)** + +The director, Paul Chimbodza, has 25 years of experience in mineral exploration and evaluation in Zimbabwe and the sub-Saharan region. Current member of the **Zimbabwe Mining Affairs Board**, **Chamber of Mines of Zimbabwe’s executive committee** and also sits on the board on a number of public and private companies in Zimbabwe. Has **highly valuable contacts with the government** to get the deal moving. + +There are also 4 other executives within One-Gas that have not been revealed. All that was disclosed was that they have been in the mining industry for a long time. + + +**CAPEX** 💰 + +Invictus recently raised $8M (60-70% institutional investors which are positive to see for an oil and gas exploration company) from a capital raise and the funds will be used for: + +* The seismic surveying campaign +* Basis of well design +* Long lead drilling items for the Mzarabani-1 exploration well +* Drilling rig tender preparation (lots of equipment lying around due to not being used in COVID) + +Invictus cash balance as of the end of March 21 was **$8.17M** and is expected to have around $2M cash after all the above items have been filled. Also has share options [u/6c](https://www.reddit.com/u/6c/) where the majority are yet to be exercised. + +This leaves the main capital expense being the drilling program expected in October. On-shore drilling campaigns are **significantly lower in cost** than offshore campaigns and Invictus has estimated that the well cost will be **US$10M** (dry hole cost). + + +**Zimbabwean Government** 🎎 + +One of the biggest commercial risks to Invictus Energy is the sovereign risk of operating within Zimbabwe which has a history of a corrupt government through the reign of Robert Mugabe, 1980-2017. With the overthrow of the government in 2018, the newly appointed President Emmerson Mnangagwa has taken dramatic steps to overhaul the political atmosphere and has begun to **openly welcome foreign investment** into the country through investor-friendly reforms. + +President Mnangagwa is renowned for wanting to attract foreign investment and even addressed the Invictus’ Energy project in his Independence day speech. The current mines minister, Winston Chitando, was a former resource industry executive and understands the needs of the resources sector. Numerous Special Economic Zones Legislations have been established and include: + +* 100% foreign ownership of assets +* Guarantee of investor rights +* 100% remittance of earnings +* 5-year tax holiday and 15% corporate tax rate thereafter +* Zero Capital Gains Tax +* Customs duty exemption on raw materials and capital equipment +* Offshore banking and transacting outside local financial system safeguards against local currency effects + +If Zimbabwe were to somehow stuff up the Invictus project… essentially there would be no foreign investment in the country for the next 20 years. As a fast-developing nation that is heavily reliant on industry and mining, the costs of having no foreign investment are significant and will dampen their transition into a fast-developing nation. + +One of the reasons I was attracted to IVZ was the potential impact that the project could have on the **economy of Zimbabwe and the wellbeing of its people**. Zimbabwe is currently experiencing significant power outages which are having dramatic effects on businesses and industry. Establishing a domestic and low-cost energy source through gas could have profound flow-on effects to living standards, health, education etc. With such upside for Zimbabwe, I believe the government will do everything in their power to get this project going and this can clearly be seen through Invictus’ project being given **priority status from the government** in January 2020. + + +**Southern-Africa Energy Shortage** 💡 + +The region of Southern Africa, which hosts the Southern African Power Pool, is currently experiencing a dramatic energy crisis where the demand is far outweighing the supply. This issue is fueled by significant population growth, growing industry and minimal foreign investment in power generation over the past few decades. The Power Pool supplies over 230 million people across 12 different countries and the power outages are having a **dramatic effect on industry development, investment and the livelihoods of the populations**. + +Currently, the majority of power for Southern Africa is generated through coal and hydroelectricity. Notably, South Africa’s coal power plants, which supply 20% of power, are being retired in the coming years and there is currently widespread drought within the region making hydropower inefficient. The gas fields in Mozambique which are currently supplying 80% of the power supply to South Africa are expected to plateau in 2025. + +Whilst the renewable energy sector is still underdeveloped but growing fast, there is a significant medium-term gap that needs to be filled. The current short-medium term supply gap is currently being filled through diesel fire powered generators, which is an extremely expensive operation. + +Therefore, the need for **cheap and effective gas power is becoming increasingly important** and is seen as a highly viable option for the monetisation of the Invictus prospect. + +The spine of the Southern African Power Pool runs directly through Zimbabwe providing Invictus with direct access to the power supply markets across the region. + + +**Market Monetisation Options** 🤑 + +Invictus has a multitude of options to monetise their oil and gas resources: + +* Power generation: through the Southern African Power Pool +* Petrochemicals: through South Africa’s Sasol’s Secunda facility +* Fertiliser: Zimbabwe is a largely agricultural-based economy. Currently importing costly fertiliser +* Industrial: The top ten industrial gas users in South Africa turnover US$10 billion per annum and use 30Bcf per year +* Mining: Off-grid mining operations are using diesel at 30-40c/kWh vs. grid cost of 10-15c/kWh. LNG can be trucked to an off-grid location reducing cost by 40% +* Liquid fuel: South Africa generates synthetic fuel from coal with the remainder being imported. Can also export crude oil via the port of Beira, Mozambique + +[Monetisation options within the region](https://preview.redd.it/mp8ial078z071.png?width=634&amp;format=png&amp;auto=webp&amp;s=3333bec095028d5c9095d5094b0d2506e9c492cd) + +*Current MOUs* + +*Gas Sale MOU with Sable Chemicals - May 2019* + +Sable Chemicals is the sole manufacturer of ammonium nitrate fertiliser in Zimbabwe. Invictus has agreed to supply up to 70 mmscf/d over 20 years, which equated to a total of 510bcf. Sable Chemicals is currently operating well below capacity and the country has to import ammonia feedstock from South Africa. + +*Gas Sale MOU with Tatanga Energy - December 2019* + +Tatanga Energy is an Independent Power Producer in Zimbabwe. Invictus has agreed to supply up to 100 mmscf/d over 20 years, the total agreement is 730Bcf. This gas to power facility is expected to supply up to 500MW. + + +**Routes to Markets** 🛸 + +Surrounding the prospect area are multiple well-developed infrastructures facilities that would allow Invictus to transport the oil and gas to the relevant markets + +* Gas Pipeline: Twin Harare-Beira liquids pipeline (1960s) that connects to the ROMPCO pipeline (2004) +* Power: Connects into Southern Africa Power Pool grid to export electricity domestically and regionally +* Road: Beira Corridor Route is one of the major transit routes in Africa. Can transport Small Scale LNG by road to mining and industrial users +* Rail: It is only 1,000kms from Harare to Johannesburg, South Africa by rail +* Liquids Pipeline: Twin Harare-Beira liquids pipeline that enables the export of crude oil through the Beira Port to international markets. Also has access to Indeni Ndola Refinery in Zambia + +[Regional Routes to Market Infrastructure](https://preview.redd.it/oesbkqh88z071.png?width=734&amp;format=png&amp;auto=webp&amp;s=e881e3a8636d11d88f85e9c96b25cb58b65757d4) + + +**Share Price Prediction** 🧴💦🚀🚀🚀 + +This is just a mere prediction on my behalf but also has a basis from ReconAfrica.TSX, a similar company operating in Namibia, price movements. Being the first mover into a country/region can yield massive benefits for Invictus by securing the best acreage, with the best terms and access to the most profitable markets so there are multiple opportunities in the future after this prospect is drilled. + +I believe that Invictus has the potential to be a **multi-bag (10-30) holding overnight** if the drilling campaign is successful. With a current Market Cap of $87 million, Invictus could easily transform into a multibillion-dollar company. I believe a **conservative price estimate** would be $2 however this doesn’t include the effects of FOMO, so it could be higher. + +A peer that Invictus is often compared to, **ReconAfrica**, **transformed into a $1.3 billion company** off the back of a successful drilling campaign (they are yet to extract the resources). ReconAfrica’s share price jumped massively prior to actual drilling and a similar comparison would place IVZ’s share price in the range of 40-50cents. Realistically I believe the share price will be in the **mid-30s after the PSA and farm-in partner** have been signed as it significantly de-risks the project. The price doesn’t take into account the impact of FOMO, which can be seen through the aggressive share price of 88E. + + +[Comparison of ReconAfrica vs. Invictus Energy](https://preview.redd.it/6nu92ooa8z071.png?width=1639&amp;format=png&amp;auto=webp&amp;s=fb9398d60423a3221923cebf0a8311e79425fb01) + +[Share Price Comparison](https://preview.redd.it/qmnc400c8z071.png?width=1653&amp;format=png&amp;auto=webp&amp;s=83968ef1a0ddeb69a9f50a1a93e53ab720a14b6f) + +I absolutely love the story of Invictus not only as a shareholder but also what the project can do for Zimbabwe as well as the region. + +**Big shoutout to all the fantastic users on different forums that influenced this summary.** Really exciting things to come! +I keep a very close eye on the market in my area and am in regular communication with others who are looking and gather their own detailed data. + +One thing I am noticing (Sydney's south and south south west) and I'm guessing elsewhere is ubiquitous underquoting. + +I have had all kinds of agent defences like changing market, 'unique properties', what 'people coming through have told us' etc etc. + +Much of it is bullshit. + +There are many places I look at and say straight away, this is underpriced. That is, that the owner in no way will accept a price in line with the guide presented by agent. + +Classic current example: + +[https://www.realestate.com.au/property-house-nsw-padstow-132448918](https://www.realestate.com.au/property-house-nsw-padstow-132448918) + +Nicely renovated place, good street within 600m to station and block size of 550sqm. A place which doesn't look nearly as nice and much further from station but otherwise comparable sold on weekend for 1.27m. I will run through the airport tunnel naked if the owner is prepared to take any less than 1.3m. You would be getting over 1.2m for a luxe duplex here. This guide is bunk. + +No surprises it is McGrath who lead the way in this tosh but it seems other agents are going down same path. + +Spoke to someone who was given a verbal guide on an Oatley place of 1.2m. Clearly they had no intention of taking this or close to it. No bids at 1.2m but then subsequently goes on market at 1.34m. + +Am all for letting the market determine price but this behaviour sucks. If you aren't prepared to take a price in your guide how the fuck is it a guide then? Why are people seemingly accepting this as the norm? +I was born in Leeds but my family moved to Australia when I was very young. When I was 19 I got accepted to London Uni and moved there, some bad decisions and a bad crowd got me into one serious debt about 8k on a high interest credit card that I was paying £130 a month to and seeing very little reduction. + +When I was 15 my brother bought me a Bitcoin to use to buy games on steam at the time my parents didn’t buy me any games and current accounts in Aus at least for me couldn’t make online purchases. I just played league and Warcraft 3 at the time and wasn’t interested in any other games so I never used it and actually forgot about it completely it was worth like $30-40 at the time. + +My brother now living in Canada decided to withdraw all his Bitcoin this weekend to pay for a house, and he found a folder with my details and told me about this 1.03 Bitcoin I have. I almost threw up. + +Debt has crippled me for 3 years, I have no friends as I couldn’t go out anywhere, no relationship as I couldn’t meet girls anywhere, I had to learn how to sow to stitch up the same 3 pairs of Levi’s I’ve owned for 5 years now. A month ago a pair ripped really badly in the crotch and I tried to fix them but it needed a professional and I sat there and just cried. It’s been fucking rough. I feel like credit cards are a scam and i just paid off mine. Holy fuck. £130 extra i can finally save more than £20 a month and get some wifi. + +I’ve never had Reddit account until a couple months ago but have been lurking ere for over a year now and he help given on here helped me reduce my debt for 8k to 6k in a year or s, so thank you all! Much love. And I hope anyone struggling with what I was gets a miracle too! Stay strong. +For someone who's been regularly visiting this sub for around 6 months, I've noticed that regular contributors often just disappear. Users who consistently posted daily/weekly trade recaps just stop posting one day without any notice. I'd like to think that they have become so successful that they just can't be bothered to post anymore, but the more likely flipside is that they blew up or just gave up altogether. To add to that, we get so many new aspiring traders each day that join, share some early success, only to be never seen again starting the cycle all over. + +Not really sure why I'm posting this, but this just goes to show me the harsh realities of daytrading. It is a fkin difficult profession to succeed in and the odds are quite stacked against us no matter how much passion we have/work we put in. I don't want to randomly throw in that infamous 90% of daytraders fail (as it's controversial as to what constitutes one to be a daytrader), but no one can deny that majority of daytraders do fail and that the turnover of members of this sub is just something that shows that. + +For me personally, I've been at this for \~7 months (3 months learning/paper trading & 4 months live trading). I'm giving myself at least a year to prove I can be consistently profitable, but in the grand scheme of things, I am literally still an infant in this game. Who knows - I just might be another person who disappears eventually if I can't show concrete progress in that 1 year time span. + +Just something that was on my mind. Curious to see how long people have been following this subreddit / daytrading. Feel free to post where you fall in this journey whether you're a still a complete noob or a consistently profitable veteran. +Edit 3: +First off I just want to say thank you for all the comments and discussions, very informative. Over all most of the comments were good constructive criticism and I seriously appreciate that. Basically might as well just rename this post "in an ideal education system, how can we implement/ improve financial education ". My suggestion after taking many of your inputs. Lightly touch money management in elementary school, maybe just throw it in with basic math class. Middle/high school, maybe have a two day a week class talking more about money management and touching other subjects. Maybe 2nd semester sophomore year, have a one day seminar/workshop. Which they can later choose to further their knowledge in jurior and senior years if they want. + +As of right now and throughout history there has been very little taught to kids/young adults about finance. Because of this and after generations of of people not getting any form of financial advice, it is now accepted and "normal" to be thousands of dollars in debt. People go their whole lives living paycheck to paycheck, never paying off their debt or having a savings/retirement plan. + +If we can make financial education classes a mandatory requirement just like math, science, and history. It would severely help the average American family to be financially stable. A lot of people don't invest because they don't understand the terminology or how it works. Luckily now we live in an age of youtube and that basic knowledge is a lot more easier to obtain, but it's still not hitting the demographic needed, which are teenagers. Which is the best time to start budgeting and investing, when you get your first job. + +If we could make classes about budgeting, saving, investing, retirement, ect. Mandatory classes in high schools, it would reduce the amount of debt average people owe. Eventually we will come full circle and the parents will start teaching their kids financial education. + +Edit 1: +like many commenters mentioned. One main issue would be the students lack of interest. So instead of cramming it all at the end of their grade schooling, what if it is just like the other classes and teach it throughout their whole grade school life? Just like teaching the same thing in history and English class every year, eventually some parts will stick. And if they want to learn more they can choose to continue those classes in high school, like AP classes. + +Edit 2: ok so its mandatory in some states, but from the sound of it most of the classes are basically a joke, so maybe ways to improve it? +I have a Masters degree in Social Work which I have around $42k in student loans for (luckily had a full ride to undergrad) and have about $6k in credit card debt. My goal is to pay off my card with my highest APR first, then second card, then tackle the loans. Just started a new job where my income is laughably $42k, after taxes I’m taking home a little over $3k a month. + +Between my rent ($1300 monthly, literally half my paycheck), utilities, internet, car insurance, health insurance (almost out of my 90 days and can’t believe how expensive health insurance is), minimum credit card payments and eventual student loans payments that start up in January, and groceries/gas…I feel like I’ll never be able to be anything other than stay afloat. + + +I am very frugal, rarely go out, don’t try to buy anything expensive, always buy used, I don’t even have savings because anything extra I put towards my credit card. To top it off I’m almost 3 months pregnant and that adds so much more financial fear. I am very lucky I have a partner who is working overtime right now to pay off his loans and save up. But I’m just feeling so jaded by life right now and the fact that I’m making pennies when I have a Master’s and the job I found actually pays better than most others based on my experience. Will I ever get ahead? + +Edit: I appreciate all of the comments suggesting I look for a different job. I’m working as a mental health therapist toward my LCSW so I’ll have more opportunities when I reach that. But I have barely enough energy for my current job, I could not handle a second job or side hustle. So I would consider a different job but the one I have now has been the best I could get as I just graduated and have little interest in other areas like working in a hospital. +29 f single mom to 3 boys (11, 7, 5). I left a verbally abusive marriage in June of 2018. The previous 4 years I had been a stay at home parent and did not hold a job outside the home. I've changed jobs 5 times in 4 years, each move a step up(higher pay, benefits, flexibility). My boys and I spent 3 years living with my parents while I worked on getting on my feet. I was left with horrible credit due to my ex taking out loans/credit cards in my name(one of the reasons I finally left). November 2021 I was finally able to secure an apartment for my boys and I. It was income based and I just barely qualified. Struggled for the next 10 months but finally had our own space. August of this year I received a call that would change our lives. I was offered a job that almost doubled my income. So much has changed since then. Apartment lease is up so we're moving into a house(I hope in a year to be able to buy), have been paying off remaining debt, and started a savings account. But the oh shit I THINK I'm making it moment? I took my boys grocery shopping and instead of our usual routine of "ok it's your week to pick the cereal or snack for everyone"... Each of my boys was able to pick their own snacks for the week and we got TWO boxes of cereal. + +I know it's not the end of the world for them to know money was tight. But holy cow... the looks on their faces when I said that to them... I cried right there in the store. My oldest kept asking if I was sure and said "it's ok, I like what my brother picked", until I finally assured him enough that it was ok, he could pick his own snack. He's my OG, and being the oldest he's seen the struggle and seen the tears, he's seen mama break down and skip meals. To see that joy and relief in his eyes when it clicked that "we're good now". I just cannot even describe it. + +A year ago I didn't think I'd ever be here, but here I am scaling the other side of the pit, clawing my way out. + +Don't give up. +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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). +Friday for them, but Saturday for us so market wasn't open, prepare for Monday boys 🚀 🚀 🚀 I'm in on THC, LGP and CAN + +P.S THC to attempt rebrand to Epsilon Healthcare at some point this month to be more closely affiliated with the health sector as opposed to recreational use, also bringing out their own medical e-commerce platform, and also releasing a vape line for exporting to Canada, NZ and Europe +"It is very difficult to route unaccounted money through banks". Seriously? Then how do the multi billion dollar scams happen? Or is it just that political foul play is LEGAL? Or is it just the loss of control over financial system? + +"The guy shining your shoes." I hope you get what your opinion stands for. + +Yesterday I already wrote in a post that we are in a full scale war mode, and these executives of these corrupt houses won't mind stooping as low as they want for maintaining their control. We will have false news, false reports, increased propaganda. + + While most believe that institutional money will enter the system to bring formalization to the system, I believe otherwise. They will do their pretty f**king best to either kill the system or to get decentralization and distributed nature out of the system. + +Next time, you call bitcoin a scam or any legit project a scam, think twice. Atleast I would prefer to be accountable for losing/making my own money rather than be controlled by corrupt houses, who would tell me what I should and what I shouldn't + +http://www.businessinsider.com/visa-cfo-vasant-prabhu-on-cryptocurrency-bubble-2018-3 + +Here's the link. + +Edit : Banks never do fraud. Just like this. Or maybe sometimes. + +https://googleweblight.com/i?u=https://m.hindustantimes.com/india-news/punjab-national-bank-fraud-an-explainer-on-what-we-know-so-far/story-d6LHHPoimqorJtaUZ3QoBK.html&hl=en-IN +Talking to my dad the other day, he mentioned that last year was his first time hitting the out of pocket max on his health insurance. He broke his shoulder, my step-mom broke a vertebrae and stepbrother tore an ACL. I think his OOP max was around 12-15k or something and he was able to cover everything without too much hassle because he had planned for it. Made me realize I needed to up my emergency fund by about 1500 over the next couple months to make sure I’d be covered. +I contacted Fidelity today to ask some questions regarding fees taken from my account. After chatting with the representative for about 10 minutes, my situation was handled. I went to say thank you for helping out and was about to hang up when the representative stated one more thing. “… And stay off Reddit, it’s going to get you in trouble with GameStop.” I assume he saw my GME position and figured that he needed to throw that in at the end. + +Jokes on him I’m going to buy and DRS more now 😂😂 These nerds are going to lose all their money to us “Redditors”. + +Edit: Tried to obtain a call log. Was told I need a court order. https://ibb.co/D5ZnDHF +This after being up 20% yesterday, I've always been a bull on their stock but this is just full blown insanity right now. Only thing I can compare this too is Bitcoins bull run to near $20k couple years ago. Bottom has to fall out eventually right? The smart people are going to take their profits and run right? +As Cramer and other talking heads have been calling this a bear market, I just want to remind this sub that these guys are entertainers first, investors second. + +Feb 2016 - https://www.newsmax.com/Finance/StreetTalk/jim-cramer-stocks-bear-market-investors/2016/02/05/id/712948/ +My employer doesn't pay anything more than the statutory sick pay. I never took sick leave before and I will not be able to live off £96.35 a week. I have done the personal covid test from the kit I have and it was negative but I will probably be asked to do the proper test and if that will be positive then I have no idea what to do. My brother had the same cold earlier and it lasted for 2 weeks and he also tested negative for covid. + +I'm anxious about staying at home or being quarantined for only £96.35 a week. Any advice will be appreciated. + +I live in England +Hello fellow Apes, + +**Obligatory Disclaimer: I am not a Financial Advisor, and this is not Financial Advice. Always do your own homework. That being said.. lets get started.** + +**TL,DR:** Hedies R FuQ. I used data from FTSE Russell's own Database 'Mergent Online' to calculate the current ownership numbers for GME... and my TITS ARE JACKED. + +I found some very interesting ownership numbers for GME today. I am using Mergent Online as my data source, which is produced by FTSE Russell.. yes the same FTSE Russell that runs the Russell 2000 Index, which GME is *currently* a part of. I have access to Mergent through the university I am currently at while finishing my bachelors in Finance in a few months. + +Now before we get fully started on a simple ownership analysis.. I'm going to take us on a trip back to middle school math class and the dreaded topic of Algebra. Proportions and Cross Multiplying are a pretty simple topic and go something like this: + +&#x200B; + +[Proportions and Cross Multiplication](https://preview.redd.it/mz00tbfuwy171.jpg?width=720&format=pjpg&auto=webp&s=8b5901da8109b43c71e29b3807a9a5637e8fb716) + +For making Ownership calculations we need a base to go off of. Mergent Online (once again information reported by the index that GME is a part of) reports the ownership of GME at the following: + +[GME Ownership](https://preview.redd.it/6io407b6yy171.jpg?width=3634&format=pjpg&auto=webp&s=ea4aaabfb669429f115e1adb79cfdfbb65828caa) + +Mergent Online has **GME Shares Outstanding as 69,936,000**. We need to keep in mind that this is a number reported **as of 1/30/2021**. Since then, GME has made a secondary offering of 3,500,000 shares. This gives us an **Issuer-Stated Total Shares Outstanding of 73,436,000 or 73.436 Million shares.** + +Now that we know how many shares there are ***supposed*** to be, lets check out the Insider Ownership. + +&#x200B; + +[GME Insider Ownership](https://preview.redd.it/9haw4oug0z171.jpg?width=3622&format=pjpg&auto=webp&s=14a97865a44e6a912bf5246a906f1219fde92345) + +We can see that the Insider Ownership is broken into two distinct categories: **Direct and Indirect Ownership**. Direct Ownership is when the shares are listed *directly* in your name, and not say.. in shelter company like **RC Ventures**. We will do two different calculations in order to display the situation correctly. + +Mergent lists the Direct Ownership at 8,057,864 shares totaling 11.52% ownership pie (we all like pies). This leaves 88.48% left over.. ***but how many shares is that wrinkly brained ape?*** Lets put our trusty friend **Algebra** to the test. + +(11.52/8,057,864) = (88.46/X) + +11.52X=712,798,649.44 .. now to find X we divide each side by 11.52. + +X=61,874,882.76 + +Now to check our math we add the 88.46% to the 11.52% to get a total ownership number. + +**Previously stated ownership: 69,936,000** + +8,057,864 + 61,874,882.76= **69,932,746.76** + +To me.. being around 4,000 shares within the "Stated Shares Outstanding" checks out enough to me. To calculate the Free Float I added in the extra 3.5 million shares that were a part of the secondary offering **(total shares outstanding 73,436,000)** + +This would put GME at a **Free Float of 65,378,136 shares.** + +**BUT APE NO INCLUDE TENDIE MASTER!!** I know, we are getting there. + +\***RC Ventures WAS NOT listed on the "Direct Ownership" list. The Indirect Ownership is stated at 15,760,670 shares.** + +Adding the two 'Insider Ownerships' together gives us the following: + +8,057,864 + 15,760,670 = **23,818,534 for insider ownership** + +This new number would give us a **Free Float of 49,617,466 or 49 Million shares.** + +*Up until this point this is all stuff that we have basically already known.. its about to get a little more spicy.* Next we will cover the **Institutional Ownership** side. Now the Institutional numbers have always been wacky for GME, but I believe these next calculations provide insight into **just how big of a hole hedgies have dug themselves.** + +**GME Institutional Ownership- As Stated by Mergent FTSE Russell:** + +&#x200B; + +[Hedgies R FuQ](https://preview.redd.it/z3kg7s9q5z171.jpg?width=3647&format=pjpg&auto=webp&s=dcd3b4b6e56200b41888ca0102fd80528de62b8e) + +**Two things IMMEDIATELY stand out to me: #1 Institutions own 56,158,356 shares.... AT 28.87% ownership.. WHAT?!?** This statistic is what is ***REPORTED*** to the index, these numbers definitely could be fudged.. but most likely to the downside and not the upside. + +***So smart Ape.. if Institutions own 28.87% of GME with 56M shares.. how many shares does everyone else (aka Insiders and Retail) own at 71.13%?*** Once again, our friend Algebra comes into play. + +(28.87/56,158,356) = (71.13/X) + +28.87X = 3,994,543,862.28 (now we divide each side by 28.87) + +**X= 138,363,140.36 or 138.36M shares.. GO APES!** + +If we then subtract out the higher Insider Ownership number (Direct + Indirect) this gives us a ***Retail Control*** **of 114,544,606.36 shares or 114 MILLION SHARES.** + +***What the Fuq did hedgies get themselves into?!?*** + +Now according to the "Institutional Ownership" numbers I wanted to see around about how many **Naked Shorts** the firms had rehypothecated. To get the Total Shares Outstanding we would then add Institutional Ownership with Retail and Insider Ownership stats: + +56,158,356 + 138,363,140 = **194,521,496 shares.. 194 million fuqing shares.** + +So with the institutional numbers and the Issuer stated numbers I came to the conclusion that: + +194,521,496 - 73,436,000 = **121,085,496 or 121 MILLION SHARES NAKED** + +**What did Kenny get himself into.. well covering 121 MILLION shares he can't get his hands on because 114 MILLION are in the hands of Apes.** + +***Please keep in mind these are the reported numbers.. they could truly be MUCH higher.*** + +I am always open to criticisms and questions/discussion. + +**Be Excellent and Rock on Fellow Apes.** + +\- H3RB + +Edit: Here is the screen shot from above with the dates highlighted for the base calculations: + +&#x200B; + +https://preview.redd.it/tr50evybjz171.jpg?width=3354&format=pjpg&auto=webp&s=8e1f8f284ff23268916cabf08369388a8b1947bd + +Edit 2: Full Screen Shots of Institutional Ownership Stats: + +&#x200B; + +[Institutional Ownership 1](https://preview.redd.it/nwicrfepoz171.png?width=3693&format=png&auto=webp&s=473fcf5d17515aa04e6c6cc8150696426c04bba5) + +&#x200B; + +[Institutional Ownership 2](https://preview.redd.it/dia9iacsoz171.png?width=3644&format=png&auto=webp&s=364688f6593f56bf6726ec2a440c2cc0b41877f5) + +Edit 3: Direct vs. Indirect Insider Ownership **RC Listed as Indirect** + +&#x200B; + +[RC Listed as Indirect](https://preview.redd.it/oz019rwsxz171.jpg?width=3668&format=pjpg&auto=webp&s=861b89415e9b82028514b010ad6e0be7189705e1) + +EDIT 4 (5/29 afternoon): I am doing a more comprehensive review of ownership comparing the numbers reported by Mergent and FTSE Russell to those of: GameStop Proxy, Yahoo Finance Premium, FinteliO, Whale Wisdom, Koyfin, Fidelity Research, Nasdaq, CNNMoney, and MarketBeat (I think I named them all.. may be more I'll update as needed). I am trying to match numbers to see if I can find any discrepancies in data reported. + +I have also contacted Mergent & FTSE Russell to try and see if I can get any information on *how* they source their information. On their website it states they have a **dedicated data team that updates the data live daily from multiple market sources**. I am not sure how true this is, but in the data columns it did say "as of 5/28/21". I will updated on any information about data sources that I receive. +I recently came into a small inheritance from a grandparent. As this the first time I’ve ever received any sort of lump sum of money, I am looking for advice on how to invest it. + +I currently split my investments by VEQT and VAB indexes (depending on my age). My parents however recommended I buy Canadian Bank stocks because of the dividends. + +Does anyone have any advice on if I should continue with my index strategy or if I should diversify with some Canadian Banks? +Any thoughts on timing on when to invest? + +Thanks! +I currently own my home, my mortgage is $1300/month. + +I have built a Tiny House on the property that i rent out for $800 per month but because of Zoning laws in my city I cannot legally rent it out or claim the $800 as income. + +My goal is to buy 1-5 acres within 20 miles of my current home and build a modern triplex utilizing tinyhouse/minimalist layouts. + +think, pulling up to a 3 car garage with enough space to keep 2-3 sets of washer and dryers as well as the furnace/ac units, water heaters etc... above the garage would be a 3 bed 1.5 bath apartment. ..attached but behind the garage, would be a side by side duplex. The main floor would have an open small living room, dining, kitchen area with a half bath & stairs going up to the second floor. up there will have 3 small bedrooms, 1.5 bath and a living space (think kids' area) rooms fit a dresser, closet, window and bed, the living room would fit couch, tv, mini fridge, microwave, 2-3 desks for homework/gaming etc.. stairs going up utilizing the attic space (think lofted master suit) bedroom/office, walk in closet, master bath and a deck going outside. + +The idea would be to get the triplex/land built for a mortgage rate of around $1800 a month and be able to rent 2 units out for $1300 each for a total of $2600 a month. + +I would probably live in the 3rd unit and rent out my current home for $1500 a month. + +I would then move my tiny house to the triplex land so i could legally rent it out for $800 + +in theory I would live for free, plus make $1,800 a month + +Mortgage A $1300/month + +Mortgage B $1800/month + +Income unit A- $1300/month + +Income unit B- $1300/month + +Unit C live for free + +House number 1 rent for $1500/month + +Tiny house rent for $800/month + +&#x200B; + +My question is, how do I get started? + +I am thinking step one would be to hire an architect to design this? + +step two would be to find land that has zoning to allow this + +step three would be to take my plans and my zoning to a contractor and get a bid + +step four take the plans, zoning, contractors bid to a banker and secure funding + +any input would be appreciated +Curious if there’s a big difference in how larger portfolios should be handled… + +Is the approach very different? + +On a bigger portfolio, does it still make sense to just buy an all-in-one ETF and keep things really simple? + +What are some things you’ll want to keep in mind if you’re dealing with larger amounts? +aMereMortal is back this week with some solid positions I'll be looking to open with both shares and selling puts. + +**What am I doing?** + +I do technical analysis and selling cash-secured-puts 3 to 5 weeks out on stocks that are nearing key levels of support. My goal is to collect premium, but should I get assigned I have absolutely zero problem running the wheel on stocks I want to own. + +I watch over 200 stocks, I would say its 90% waiting game and 10% true technical analysis. My levels work, but it's normally because I am patiently waiting for an entry point. Yes that's a lot of tickers to watch, but I research my stocks on weekends and then monitor additional plays & levels during the weekday to see if there is an obvious setup I want to participate in. + +**Here's a few things regarding my strategy** + +**1.** I don't over-leverage with selling multiple spreads because if the stock price blows past your long strike and you assume max loss you need a lot of capital to actually be assigned the shares. For that reason I don't really see selling multiple spreads as a "Theta Gang" play and is still very high risk. If I do open a spread it will be a protective put for $1-5 just to protect myself should the company randomly announce bankruptcy. + +**2.** I only sell cash-secured puts with the capability to be assigned if need be. My goal is to never take a loss on a position and always wheel it back to profitability. If something has changed fundamentally with the stock then yes I will close the position and realize the loss. + +**3.** If IV on a ticker is very low, then yes I will outright buy shares instead. + +**4.** I only aim for 1-4% per week collecting on theta and an occasional earnings theta yolo. No call-buying, no spreads (unless buying a covered put), only put-selling and shares! + +Honestly, that's about it. I'll go through some tickers on my watchlist this weekend and what I currently have open. + +# Open Positions From Last Week + +I still have a few positions open from last week and my buying power currently sitting at about half my account. Tickers with positions still open: **BIG, CODX, FROG, NIO, OSTK, PLTR, PSTH, WKHS**. Most are sitting at 20-50% profit already and I'll be looking to close around 60-70% if we get a good pop. Let's see. + +# Chart Rules + +**Pink Lines** = Trading range & channel. I find stocks typically trade within certain channels until an event, such as earnings or some news which changes the fundamentals of the stock price changes the trend and a new channel is formed. + +**Blue Lines** = Key areas of support/resistance. I don't like focusing on supp/res levels every $2 down like some people do. I look at the bigger picture and find where where key levels of buyers come in to grab the stock. I'll try to sell puts there. + +# Master Plays This Week + +I just want to preface this by saying these are not recommendations to buy or sell any stocks. These are stocks that have come through my scanner and met a few criteria for me to sell puts to collect premium. I won't execute on every trade, but if the timing is right I will enter these, that's why they are on my "watchlist". My intention here is to sell the put, collect the premium, or get assigned the shares. If I am assigned the shares, I sell covered-calls trying to lower my cost basis and remain profitable on the play. + +&#x200B; + +**ARCT - Arcturus Therapeutics ($98)** + +[ARCT chart](https://imgur.com/4fzQ7H0) + +This ticker has seen a huge upward momentum over the last 2 months and nearly tripled in value. This is also one of Cathie Woods' ARKG largest holdings in the actively managed ETF. The stock failed to continue it's breakout past the $115/$120 level two times and moved sharply lower both times after the rejection. In my opinion we could find some support here at $98. The ARK ETFs are also known to "buy the dip" when some of their positions drop. That might be a catalyst in itself to be finding a short-term floor. + +**Positions on the watchlist** + +1. Jan 15, 2021 $95 strike put sold to open for $9.50 or $950 premium. Return: 10%. Break-even stock price: $85.50. + +&#x200B; + +**BABA - Baba holdings ($220)** + +[BABA chart](https://imgur.com/anuuxVt) + +BABA was trending last week due to the probe initiated by the CCP. Anything involving the CCP digging into your company is not good news, but this could also be an opportunity to buy the dip. The arrows on the chart are actually still there from when I first entered positions on BABA almost 6 weeks ago. It's tough tell where the current stock price is so I drew a circle at the bottom below that absolutely massive gap down we just saw. Could this ticker see $200? Yeah, maybe. What I think might happen is CCP ends up putting some of their goons on the board to be able to have more control. BABA is one of the biggest companies to ever come out of China and surely Xi will want to see it's continued success. As long as BABA doesn't become too big to control I think we will see a lot of strength come out of this stock. Due to the drop we've also seen a spike in IV, which is great for us option sellers. + +&#x200B; + +**Positions on the watchlist** + +1. Jan 15, 2021 $210 strike put sold to open for $6.50 or $650 premium. Return: 3%. Break-even stock price: $203.50. + +2. IV still moderate here so perhaps purchasing shares and looking for a swing back to $250 range could also be a good play. + +&#x200B; + +**CRSR - Corsair Gaming ($36)** + +[CRSR chart](https://imgur.com/vbTXn9J) + +Corsair has been really good to me the last several weeks. I've been selling puts on nearly every dip below $35 level. Last week the stock hit $43 before another sell-off into the $36 range. IV also very good and nearing support. I like to sell puts once again here. Not sure if I will sell at the money or go for the way less risky OTM play. The two options I've selected here are very different. One is closer to ATM with much higher returns and more risk. The 2nd is wayyy OTM, much less risk involved, but also much less return. If you look at the delta for each play on your brokerage you will be able to notice big differences in delta as well. I'm fairly confident in my plays and will therefore most likely selling option #1. + +**Positions on the watchlist** + +1. Jan 15, 2021 $35 strike put sold to open for $2.90 or $290 premium. Return: 8.3%. Break-even stock price: $32.10 + +2. Jan 15, 2021 $30 strike put sold to open for $0.95 premium. Return: 3.2%. Break-even stock price: $29.05 + +&#x200B; + +**PLTR - Palantir ($28)** + +[PLTR chart](https://imgur.com/BQz0Xhd) + +PLTR has also been a favorite of mine to sell puts lately. Almost a month of consolidation now has the stock coiling up for a move in either direction (bullish move -in my opinion). This ticker showcases some very nice benefits of selling CSPs. + +1) IV is pretty high, although beginning to fade, so returns are great. Almost 5-10% return per play. + +2) Support zones at $24/$25/$26 provide great entry points in my opinion. + +3) Selling CSPs at those levels means your break-even share price would be around $22-23. + +What does that mean? It means the best case scenario is you collect your full 5-10% premium on each play. Worst case scenario is you become a bag-holder of shares with a cost basis of $23-24. IS OWNING SHARES OF PLTR WITH A COST BASIS OF $24 SOMETHING YOU MIGHT BE INTERESTED IN? LETS GOOO. + +&#x200B; + +**Positions on the watchlist** + +1. Jan 22, 2021 $26 strike put sold to open for $2.15 or $215 in premium. Return: 8.3%. Break-even share price: $23.85 + +&#x200B; + +**SPCE - Virgin Galactic ($26)** + +[SPCE chart](https://imgur.com/bDPAJEF) + +SPCE was on my watchlist last week, but never got executed into the trade because it opened up 5% Monday morning. Sitting at the $25 support I think we'll see more buyers come in every dollar it goes down. Premiums are still high on this ticker so if the stock continues to fall and I lose this position it means I will be bagholding at around $22 level, which I am ok with. + +**Positions on the watchlist** + +1. Jan 22, 2021 $24 strike put sold to open for $1.60 or $160 in premium. Return: 6.7%. Break-even share price: $22.40 + +&#x200B; + +**CRM - Salesforce ($225)** + +[CRM chart](https://imgur.com/Jm7qQL0) + +CRM was on my list pre-earnings in early December. The stock gapped down big and I ended up getting assigned the shares. Last week my shares were called away and I still closed my position up 4%. This is what I like about cash-secured-puts on good stocks. You can always baghold and sell-covered calls to remain profitable on nearly every position you enter. All it takes is patience! Moving along, CRM has been trading sideways for quite some time. Even post-earnings when they announced the Slack acquisition the floor has been set at $220. This stock could be due for a break-out in my opinion. Unfortunately IV is low so I will buy 100-200 shares outright aiming for the stock to hit $230-235+ zones. + +**Positions on the watchlist** + +1. 100-200 shares. I will take profit when target hits around $235 zone. Might do covered calls depending what return I will be looking at, but most likely will sell 0.10-0.15 delta bi-weekly covered call. +Hi everyone, + +I'm wondering what I can do here. I live in a small suburban city that has separate taxes from the county. The city is owed approximately $630. The county is owed approximately $5,600. This has all been paid. But, the mortgage company also sent a $5,600 check to the city. The city says that it sent the check back about 4 weeks ago because it was an overpayment. The bank says they never got the returned check. + +In the meantime, my mortgage is going up $415 a month to cover the difference. It's not the end of the world, but I'm of the belief that since they are the ones who made the mistake, they should have to cover the escrow account deficit. What can I do here, if anything? Getting tired of the back and forth. + +Thank you. +My textbook is Principles of Microeconomics by Mankiw. The page I'm referring to is 124. I also just don't understand how the tax burden can be equally divided between buyers and sellers if the tax is only on one of the parties. Is it because supply and demand will move the price to a new equilibrium? If so, how much time does it take to make that move? In the time that it takes to do so, are many people unfairly punished or get unfair gains from the situation? + +&#x200B; + +Edit: Thank you everyone for your responses, I really learned a lot +What a fucking week... + +https://preview.redd.it/dh3c8fkek1c71.png?width=480&format=png&auto=webp&s=8aa872546a02659bba7879eed0de6f8d19253433 + +So based on differing opinions in this community on the direction I should take this week, which sub should I follow, where to move the daily TA, I have decided that as long as u/pinkcatsonacid and u/Bye_Triangle have no problem, I will post to both subs. I understand the reasons for the split and frankly don't give a shit. I have decided that I just want this information to be available to all apes, regardless of allegiance. + +I didn't start doing this for mods or reddit. I do it for you, the apes, that follow along. I have allowed these threads, my community discord, and the stream to take over my life seven days a week. In order to provide the best information I can. In the most digestible manner possible. + +I didn't sacrifice time with friends and family, additionally losses from stepping away from my job to get caught up in the infantile bickering of people that didn't know what a stock was until January. This is not only a serious investment but a huge opportunity for thousands of people, drama and feuds should not factor into what we do here. + +I will (if allowed) continue to provide this information to every ape I can, for as long as I can, that is my goal and I'm sticking to it. + +Apes are strong together. + +Buy & Hodl + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. This will be uploaded by... + +8pm EDT/UTC-4. + +# Part I: Technical Analysis + +So the cup and handle failed I honestly could have predicted it's failure if I had taken some other data into account and I'm surprised I made the same mistake twice in 2 different ways. But let me show you and hopefully we can all learn from it. So based on the previous ATM offering I figured we wouldn't see a low below the long term ascending midpoint which I will show you later. However, I forgot a couple key things + +1. This share offering was sold much more rapidly than the first 9 trading days vs. the original 15. +2. This offering was 1.5 million more shares. +3. The Russel 1000 rebalancing was occurring in the background. +4. Due to the reason above I incorrectly estimated GME's rate of descent. I presumed a low of $194 we sank $43 dollars below that. Much of this due to the abundance of ITM puts purchased this week. +5. I also under-estimated the amount of capital the short hedge funds we willing to deploy a billion dollars on just the options chain. (I'll talk more about this later) + +https://preview.redd.it/zgbz439o21c71.png?width=827&format=png&auto=webp&s=c06c03dfdcb6aae5f63689be6b0d62a1e4a24cc4 + +[Cup & Handle failure yes those patterns are very similar 1D Timescale](https://preview.redd.it/ms4jf0ht01c71.png?width=1563&format=png&auto=webp&s=154b5604cfaab3b399d0d22924e704b0e49913c1) + +Thankfully, I like to look for support trends when building my technical analysis and as many of you who have been following the last few weeks know this cup & handle was supported by a long-term trend forming an [ascending triangle](https://www.investopedia.com/terms/a/ascendingtriangle.asp). + +[Ascending triangle on the 1 Day ](https://preview.redd.it/cl6wwbpg41c71.png?width=2456&format=png&auto=webp&s=37fc36b422c319d15b35ecbfe333f626442c8250) + +This was really the formation all along while I got excited about the prospect of the cup and handle this trend supported, I said in my first post they aren't my favorite formation due to their rate of failure and this one did just that. + +Based on the bounce on the long term trend in this formation, I will be looking for a breakout above 180 this week and possibly 225 later in the week. + +**Section II: WTF is the deal with 180?** + +So I was looking at the resistance at 180 this week and noticed something interesting 180 seems to have always been the breakout point for GME. Lets take a look. Every time we break out to test 350 we 180 seems to be the determining resistance level. I would imagine due to the Gamma Ramps that usually sit at 200. + +[Tests of 180 since January on the 4H Timescale ](https://preview.redd.it/0lmhw4yn61c71.png?width=2331&format=png&auto=webp&s=c89bf29976913ffef9254603f5efed5e70a279b2) + +Another interesting thing I came across is this If we weight VWAP at the beginning of the run-up in February not only can you see that apes haven't sold you can see that the floor was actually raised in June. + +[VWAP anchored to the 2\/24 run up](https://preview.redd.it/0ejreil081c71.png?width=2452&format=png&auto=webp&s=2f26a8e071c4b5200f5d95534a1dfb457b79de29) + +This is a much better indicator than OBV as it cuts out the noise from January Gamma Squeeze and gives us an idea of the price we are fighting for. As crossing this weighted average significantly increases our odds of testing 350. We have had a confirmed cross of 180 four times since January three of those times we tested 350. We are about to cross 180 on a trendline bounce. + +TLDR; Kenny's mayo is really on the other side of 180 we are about to go hunting for it again. Apes aren't paperhanded bitches. I didn't have to zoom all the way out to make this line flat. + +**Section 3: Other Indicators** + +**MACD** + +We are still poised for a crossover on the daily MACD our jump from pre-market Thursday into close on Friday has already crossed the 4h timescale to the upside. Upward movement on Mon/Tues should realize a crossover on the daily as we climb above 180 again. + +&#x200B; + +[MACD 1D Timescale](https://preview.redd.it/fpdc1o1x91c71.png?width=1640&format=png&auto=webp&s=cc62f18ec6db430a84e797d28b5f99db8e95580a) + +&#x200B; + +[Cross-over on the 4H timescale](https://preview.redd.it/pb4f6en0a1c71.png?width=1642&format=png&auto=webp&s=fbecf610ff5b8a7b0d5f59e6121d24d8bd7ed461) + +**Stochastic RSI** + +I don't remember if we've discussed this indicator yet but [here are the basics](https://www.investopedia.com/terms/s/stochasticoscillator.asp) this in combination with the MACD crossover can give you an idea of the momentum of the trend reversal expected. Well it neared zero this last week and the K%/D% crossover indicates a **buy** signal on an extremely strong breakout to the upside. + +[Stoch RSI on the 1D ](https://preview.redd.it/6i9pzf21f1c71.png?width=1627&format=png&auto=webp&s=8a5ec1b1bdc741c187fa6dffaf6496c64c9cdecd) + +**Section III: Outlying Catalysts** + +Since the \~440k of OTM puts expired Friday and a significant chunk of those $1 billion in ATM or Near the money. We should see some significant buying this Tuesday from Market Makers as they repurchase the shares they sold short in order to delta hedge these massive options positions. + +# Part II: The Market + +Well the market took a bit of a dumb at the end of Friday drawing attention away from GameStop on what could have been a pretty interesting gamma ramp setup as hedge funds started to have value slip away from their most important position. The SPY. The SPY yet again failed the test of it's long term trend dipping into a possible correction. Fears of inflation continued to mount throughout this week as Powell raised some near-term predictions. It will be interesting to see how this plays out on Monday. + +https://preview.redd.it/3mnmvpech1c71.png?width=1634&format=png&auto=webp&s=83dc093a76f72be26b7003b2b41566fb99814182 + +Due to the dip Friday the Shiller P/E closed out the week a little down from last week as some overall value was lost. + +[Down .37 points from last week](https://preview.redd.it/t0rv00ynh1c71.png?width=978&format=png&auto=webp&s=151301ac52052ceb141dacb3ca9445f85c4c44c3) + +This could be the beginning of a correction we will see on Monday if the market rallies or falls off. + +I bring this up every week because near-term this maybe one of GME's largest catalysts for triggering MOASS. A severe correction or crash could cause margin calls on a massive scale. + +# Part III: Conclusion + +Lots of bullish momentum coming into this week after the mother of all short attacks(MOASA) failed to drop the price more than $21 dollars... I'm very excited to see what happens this Tuesday as market makers begin to buy in from last weeks insane options action. Once again everything pointing up, can't wait to see what fuckery is in store for us this week. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on our community [Discord](https://discord.gg/BGmjnrvHnw) + +**As always thanks for following along.** + +**The support of you apes has not only given me the confidence to do this but the drive and passion as well. From the bottom of my heart, thank you for everything.** + +🦍❤️ + +\- Gherkinit + +Edit 1\* The main Daily TA post will remain on Superstonk but I will cross-post it to + +r/ gmejungl3/GME/dillionaires + +wherever you guys are I'll post there. + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I studied economics a good deal as an undergraduate, but have since moved on to a different field. Keynesian economic ideas about stimulus and deficit spending always seemed to make sense to me and were basically what all the professors believed in. + +As of late though I've begun to question my beliefs. If the government spends money to stimulate the economy, does it really work? If you pay Bob to dig a hole in Tim's yard, and Tim to fill it up, it doesn't seem like you've improved anything. No real extra value goes into the economy, the price of goods and services just get bid up. + +If the government spends money then it needs to add value somehow, but aren't most value adding activities already taken care of by businesses? If the government started making cell phones, for example, wouldn't that just crowd out private investment? + +I guess the government could do things like invest in basic science research, but isn't the whole reason businesses don't do more of that because it has unsure dividends? If we pour a gazillion dollars into basic science research and the scientists don't discover anything, aren't we in the "dig a hole and fill it" predicament again? + +What does everyone think? Is it possible to stimulate the economy? How does the mechanism work? What kind of empirical evidence do we have that it works? +Hey all, 23F planning on moving out soon after years of emotional abuse. Parents don't know about the plan but it will be done on the downlow. + + +Now issue is I haven't been independent or experienced it at all since I've been with my parents and wasn't allowed to move out for university. + +I think I finally have financial independence but want a clear neutral look on whether I can manage or if I'm going to be making a mistake and am better off saving a little longer. + +I have a good paying stable job and received a promotion recently so will be earning £2100 after tax soon (currently receiving £1600). I usually give my parents £500 that they ask for rent and I have been putting a side around £800-900 for savings. + +Currently +Savings:12k +Salary: £2.1k +Outgoing: £500 rent to parents, £5 Spotify, £20 phone bill, £7? Netflix. And rest on entertainment/going out with friends + +I would like to note I don't drive but am learning to drive atm so I haven't actually included the cost of insurance etc. + +I want to move out because I can't do this anymore from a mental health perspective. I still want to be able to give some money to my parents (if they even accept it when I leave) but also be able to save and not be living paycheck to paycheck. Is it possible in the UK with my current financial standings. + +Thanks! +Say you had $100k in your account, and wanted to quit your job. What stocks would you wheel to scrape together income? I feel like the sweet spot would be high IV ETFs (Ark, ICLN, etc). Steady, but also enough premium to make it worth your while. + +Edit: Thank you everyone for your responses. When I give my two weeks, I will think of you. And when I tap the last bit of ramen seasoning into my mouth, I will also think of you. +At this point there are loads of apes that have achieved and or approaching long term capital gains tax. That in itself is a huge deal, and just adds to the satisfaction of holding. + +I believe we are entering the golden age of this transformation, with so many great things coming. I will continue to add to my position, since nothing has changed from the reason I originally bought. +**All the tactics Hedge funds are using to crash GME prices were revealed as far back as 2014 in this article:** + +[Anatomy of a short attack](https://seekingalpha-com.cdn.ampproject.org/v/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack?amp_js_v=a6&amp_gsa=1&usqp=mq331AQHKAFQArABIA%3D%3D#aoh=16119453107704&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fseekingalpha.com%2Finstablog%2F11442671-gerald-klein%2F3096735-anatomy-of-a-short-attack) + +**TL;DR:** +**Ladder attacks to drive the price down, Media assults, Brokers pulling margin, Paid bashers, Diversion attempts - all tactics seen in recent weeks were predicted by this article from 2014** + +----------------------------------- + + +Transcript if website crashes due to traffic: + +----------------------------------- + +**Anatomy Of A Short Attack** + +Abusive shorting are not random acts of a renegade hedge funds, but rather a coordinated business plan that is carried out by a collusive consortium of hedge funds and prime brokers, with help from their friends at the DTC and major clearinghouses. Potential target companies are identified, analyzed and prioritized. The attack is planned to its most minute detail. + +The plan consists of taking a large short position, then crushing the stock price, and, if possible, putting the company into bankruptcy. Bankrupting the company is a short homerun because they never have to buy real shares to cover and they don't pay taxes on the ill-gotten gain. + +When it is time to drive the stock price down, a blitzkrieg is unleashed against the company by a cabal of short hedge funds and prime brokers. The playbook is very similar from attack to attack, and the participating prime brokers and lead shorts are fairly consistent as well. + +----------------------------------- + +**Typical tactics include the following:** + + +**Flooding the offer side of the board** + +Ultimately the price of a stock is found at the balance point where supply (offer) and demand (bid) for the shares find equilibrium. This equation happens every day for every stock traded. On days when more people want to buy than want to sell, the price goes up, and, conversely, when shares offered for sale exceed the demand, the price goes down. + +The shorts manipulate the laws of supply and demand by flooding the offer side with counterfeit shares. **They will do what has been called a short down ladder.** It works as follows: Short A will sell a counterfeit share at $10. Short B will purchase that counterfeit share covering a previously open position. Short B will then offer a short (counterfeit) share at $9. Short A will hit that offer, or short B will come down and hit Short A's $9 bid. Short A buys the share for $9, covering his open $10 short and booking a $1 profit. + +**By repeating this process the shorts can put the stock price in a downward spiral.** If there happens to be significant long buying, then the shorts draw from their reserve of "strategic fails-to-deliver" and flood the market with an avalanche of counterfeit shares that overwhelm the buy side demand. Attack days routinely see eighty percent or more of the shares offered for sale as counterfeit. Company news days are frequently attack days since the news will "mask" the extraordinary high volume. It doesn't matter whether it is good news or bad news. + +Flooding the market with shares requires foot soldiers to swamp the market with counterfeit shares. An off-shore hedge fund devised a remarkably effective incentive program to motivate the traders at certain broker dealers. Each trader was given a debit card to a bank account that only he could access. The trader's performance was tallied, and, based upon the number of shares moved and the other "success" parameters; the hedge fund would wire money into the bank account daily. At the end of each day, the traders went to an ATM and drew out their bribe. Instant gratification. + +Global Links Corporation is an example of how wholesale counterfeiting of shares will decimate a company's stock price. Global Links is a company that provides computer services to the real estate industry. By early 2005, their stock price had dropped to a fraction of a cent. At that point, an investor, Robert Simpson, purchased 100%+ of Global Links' 1,158,064 issued and outstanding shares. He immediately took delivery of his shares and filed the appropriate forms with the SEC, disclosing he owned all of the company's stock. His total investment was $5205. The share price was $.00434. The day after he acquired all of the company's shares, the volume on the over-the-counter market was 37 million shares. The following day saw 22 million shares change hands - all without Simpson trading a single share. It is possible that the SEC has been conducting a secret investigation, but that would be difficult without the company's involvement. It is more likely the SEC has not done anything about this fraud. + +Massive counterfeiting can drive the stock price down in a matter of hours on extremely high volume. This is called "crashing" the stock and a successful "crash" is a one-day drop of twenty-percent or a thirty-five percent drop in a week. In order to make the crash "stick" or make it more effective, it is done concurrently with all or most of the following: + +----------------------------------- + +**Media Assault** + +**The shorts, in order to realize their profit, must ultimately put the victim into bankruptcy or obtain shares at a price much cheaper than what they shorted at. These shares come from the investing public who panics and sells into the manipulation. Panic is induced with assistance from the financial media.** + +The shorts have "friendly" reporters with the Dow Jones News Agency, the Wall Street Journal, Barrons, the New York Times, Gannett Publications (USA Today and the Arizona Republic), CNBC and others. The common thread: A number of the "friendly" reporters worked for The Street.com, an Internet advisory service that short hedge-fund managers David Rocker and Jim Cramer owned. This alumni association supported the short attack by producing slanted, libelous, innuendo laden stories that disparaged the company, as it was being crashed. + +One of the more outrageous stories was a front-page story in USA Today during a short crash of TASER's stock price in June 2005. The story was almost a full page and the reporter concluded that TASER's electrical jolt was the same as an electric chair - proof positive that TASERs did indeed kill innocent people. To reach that conclusion the reporter over estimated the TASER's amperage by a factor of one million times. This "mistake" was made despite a detailed technical briefing by TASER to seven USA Today editors two weeks prior to the story. The explanation "Due to a mathematical error" appeared three days later - after the damage was done to the stock price. + +Jim Cramer, in a video-taped interview with The Street.com, best described the media function: + +When (shorting) ... The hedge fund mode is to not do anything remotely truthful, because the truth is so against your view, (so the hedge funds) create a new 'truth' that is development of the fiction... you hit the brokerage houses with a series of orders (a short down ladder that pushes the price down), then we go to the press. You have a vicious cycle down - it's a pretty good game. + +This interview, which is more like a confession, was never supposed to get on the air; however, it somehow ended up on YouTube. Cramer and The Street.com have made repeated efforts, with some success, to get it taken off of YouTube. + +----------------------------------- + +**Pulling margin from long customers** + +**The clearinghouses and broker dealers who finance margin accounts will suddenly pull all long margin availability, citing very transparent reasons for the abrupt change in lending policy. This causes a flood of margin selling, which further drives the stock price down and gets the shorts the cheap long shares that they need to cover.** + +----------------------------------- + +**Paid bashers** + +The shorts will hire paid bashers who "invade" the message boards of the company. The bashers disguise themselves as legitimate investors and try to persuade or panic small investors into selling into the manipulation. (Click here for Confessions Of A Paid Stock Basher). + +This is not every trick the shorts use when they are crashing the stock. Almost every victim company experiences most or all of these tactics. + +----------------------------------- + +**Analyst Reports** + +Some alleged independent analysts were actually paid by the shorts to write slanted negative ratings reports. The reports, which were represented as being independent, were ghost written by the shorts and disseminated to coincide with a short attack. There is congressional testimony in the matter of Gradiant Analytic and Rocker Partners that expands upon this. These libelous reports would then become a story in the aforementioned "friendly" media. All were designed to panic small investors into selling their stock into the manipulation. + +----------------------------------- + +**Planting moles in target companies** + +The shorts plant "moles" inside target companies. The moles can be as high as directors or as low as janitors. They steal confidential information, which is fed to the shorts who may feed it to the friendly media. The information may not be true, may be out of context, or the stolen documents may be altered. Things that are supposed to be confidential, like SEC preliminary inquiries, end up as front-page news with the short-friendly media. + +----------------------------------- + +**Frivolous SEC investigations** + +The shorts "leak" tips to the SEC about "corporate malfeasance" by the target company. The SEC, which can take months processing Freedom of Information Act requests, swoops in as the supposed "confidential inquiry" is leaked to the short media. + +The plethora of corporate rules means the SEC may ultimately find minor transgressions or there may be no findings. Occasionally they do uncover an Enron, but the initial leak can be counted on to drive the stock price down by twenty-five percent. The announcement of no or little findings comes months later, but by then the damage that has been done to the stock price is irreversible. The San Francisco office of the SEC appears to be particularly close to the short community. + +----------------------------------- + +**Class Action lawsuits** + +Based upon leaked stories of SEC investigations or other media exposes, a handful of law firms immediately file class-action shareholder suits. Milberg Weiss, before they were disbanded as a result of a Justice Department investigation, could be counted on to file a class-action suit against a company that was under short attack. Allegations of accounting improprieties that were made in the complaint would be reported as being the truth by the short friendly media, again causing panic among small investors. + +----------------------------------- + +**Interfering with target company's customers, financings, etc.** + +If the shorts became aware of clients, customers or financings that the target company was working on, they would call and tell lies or otherwise attempt to persuade the customer to abandon the transaction. Allegedly the shorts have gone so far as to bribe public officials to dissuade them from using a company's product. + + +------------------------ + +**Disclaimer: This is not financial advice, this is not my work I'm just copy/pasting the article(bolding the most relevant parts, and re-ordering sub-chapters)** + +**I'm long GME** +Hello. + +I know more about strategy than programming. I've written a few indicators on TradingView that I'd like to use to trade futures. + +Currently, my forex algo Trading is executed on a Linux VPS using bash scripts (curl to the OandA API) whenever my TradingView script generates a trade alert. + +I'm looking for a futures broker to trade ES and MES, using the custom indicator I've built and if possible, bash scripts for the order execution. + +I'm not aware of which broker(s) meet this requirement. + +I'm in the US. I'm skilled with bash/Linux commands line, but not good at all with python. At best, I can hack apart and modify templates and python code. Prefer to write bash. + +Thanks! + +EDIT: need the ability to both paper trade and live trade. + As you probably heard, Microsoft bought Activision/Blizzard for $70bil + +These articles got buried a long time ago. + +[https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) + +[https://arstechnica.com/gaming/2020/10/microsoft-will-give-gamestop-a-share-of-xboxs-digital-revenues/](https://arstechnica.com/gaming/2020/10/microsoft-will-give-gamestop-a-share-of-xboxs-digital-revenues/) + +So Microsoft has a deal with GameStop that they share a % in all digital game downloads, DLC, microtransactions & subscriptions on Xbox consoles sold by them. + +Microsoft now owns some of the biggest publishers as a lot of companies are in a rush to create "metaverses" MSFT now owns the publishing rights to titles like Call of Duty, Skyrim, fallout, overwatch, diablo, world of warcraft, candy crush, halo and so on + +"Through this partnership, GameStop will standardize the Company’s business operations on Microsoft’s cloud solutions and hardware products to deliver rich new digital experiences to customers, creating the “ultimate gaming destination” for gamers in its vision to be the **premier omni-channel** customer access point for video game products" + +"The partnership aims to advance GameStop’s key strategic pillars and extend its *digital omni-channel ecosystem*" + +Would it be safe to say, potentially they are building the nft marketplace using Microsofts technology? + +Trade your digital games/nfts galore? + +Daniel Wang - " Some people ask me a question whether lrc will launch our own marketplace. **The answer is no.** We don't have a plan to launch our own nft marketplace, **but we are working with a premium owner to make sure they can launch their marketplace successfully and very soon.** + +"Just wait guys, the stuff that will be announced, will be worth 10 quarterly reports" + + +sent to me via monke - u/Appropriate-Wolf-437 +We have apes among us who have been making a living trading options for years. These are our snipers. Only people who have been trained to be snipers should be sniping. If you are not a trained sniper, then buy, hold & DRS. I am not a trained sniper, so no options for me, but goddamn if I’m not fucking thrilled that we have a sniper unit flanking these hedge-fucks with options leverage. Bring it on! + +Edit: For those calling me a shill, you can check my post history. I have 500 DRSed shares, so I am in this thing with everything I’ve got. + +Edit 2: I have delusions of grandeur and refer to myself by the royal “we”. I speak for no other ape, just have noticed that other apes have been eating their bananas differently than me and decided to make an anal.. anyl… analogy. +Hi All, + +Wanted to check in and see if anyone has advice on tax reduction strategies they have found useful. Am approaching 1M/year in income as a self-employed solo practitioner, and gonna get killed on taxes obviously. So far I do 57k to the SEP, but other than that, not much else. Am considering a defined benefit plan as my paralegal will be eligible this year for that. Also, considering buying an apartment building or commercial building to do a cost segregation study to accelerate depreciation and offset taxes? + +Anything you guys use that you think might be helpful? + +Thanks! +While the hardcore Mr. Money Mustache Machine will tell me to go stuff it and point out how this community was better off before it went mainstream, I feel like far too many people following this FIRE business are missing the real point. + +You see far too many people battered and weary saying shit like, "I've tried so hard but I failed...I'll never FIRE on my salary. I give up." + +Acting as if their 1, 2 or 3 years of struggle was all for naught. + +**Losing sight of the glaring truth that their entire future was massively improved due to their efforts. Even if they can out on truly aspiring for FIRE.** + +Whether they paid down 1/2 of their student loans (or all of it), were able to get the down payment for a house together, raised capital to start a business or simply started a nest egg where there once was none....the lasting effects of even a short period of extreme saving are still there...you may not retire early but just 1-2 years of living well below your means makes a huge difference moving forward. + +**Not to mention the fact that living a short-term bare bones existence leads to a number of passive benefits:** + +- Those who live insanely frugally for a time are more likely to live at least somewhat frugally moving forward by habit or default. +- Going without for a while means that you really learn what things are/aren't important to you. +- When you start to spend money again you TRULY appreciate things that you took for granted for years. + +Personally, I am attracted to this community not because I dream of FIRE but because I love the concept of using frugality and living below your means as a tool for purchasing freedom. + +I prefer to purchase mine a little at a time, taking extended time off every year (mostly to travel) and putting myself in a position to be able to choose to earn less if I want to - but I really don't care if I have to work more or less until I die. + +But we lived a very similar to FIRE mentality for about 5 years to save up for our dream business and to get it off the ground...and despite the fact that it's now been nearly 5 more years since we stopped actively tracking spending/savings and all that stuff, we spend a fraction of what we used to back in the day simply because living insanely below our means for so long illuminated where money was being wasted and where money spent was worth every fucking penny. + +So if you're down on yourself for having thrown in the towel following a period of yearning for FIRE....don't be. + +You likely changed the trajectory of your life forever without truly appreciating it. +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! + + + +## IROC Trading Halt - BES + +Monday, March 8, 2021, 8:41 AM ET +VANCOUVER, BC, March 8, 2021 /CNW/ - The following issues have been halted by IIROC: + + +Company: Braille Energy Systems Inc. + + +TSX-Venture Symbol: BES + + +All Issues: Yes + + +Reason: At the Request of the Company Pending News + + +Halt Time (ET): 8:37 AM +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm currently 18, and attending a community college to get an associate's degree and knock out the basic classes required for a bachelor's degree at a low cost. I'm in my second semester, and have a job that pays well enough so that I wont have any debt by the time I finish my associate's degree. My intent is to transfer to a university and comokete my bachelor's. + +However, my father has made it clear that once my associate's is complete, I'm to be moved out and on my own. I hardly know anything about home buying, and need some help figuring out how Im going to move my life forward. + +I currently work enough to make roughly $400-500 a week, though I can work more when I'm not actually attending my classes and bump that up to about $650-700 a week. + +I've been eyeing some homes, and theres a few in my area that are about $50,000-60,000. I also have a couple that are $70,000-80,000 that are in a better area and are nice propterties. + +I really have no idea what Im doing or how to properly plan for the move, so any help or advice would be awesome. +Because this investigative report has broader implications than just GME, a PDF version with a non-GME intro can be [found here](https://github.com/Slyver12/iterative_treemap_megacorp/blob/main/how_to_take_over_the_world_in_3M_steps_part_1_Finkle_is_Einhorn.pdf). + +# Part 1: [Finkle Is Einhorn](https://www.youtube.com/watch?v=Y4fI3TruAOw) + +&#x200B; + +**GME** **BBEMG = GameStop Big Bad End Monster Guy** (or as I like to call it; never pass up the chance to modify a perfectly good acronym to create a palindrome) + +**AKA** + +&#x200B; + +https://preview.redd.it/jzvqu36jr0f71.png?width=300&format=png&auto=webp&s=9bfb7d6d060acfd564ab803ef113034f735726ad + +Who is at the end of the GME saga? Is it really Citadel? Is it the DTC, SEC, etc.? Why has MOASS not happened yet? What game is the Evil Monster at the end playing and how do we stop it? Who **OWNS** this mess? With what this report exposes, I hope to bring us closer to answering these questions. The evidence uncovered in my investigation suggests some pretty serious problems with the entire structure of what we call “the free market”. It suggests that there is nothing “free” about it all, in fact it may be as controlled (and owned) as The Matrix itself. I highly recommend the !buckleup! tag for this one, and please keep your hands and feet inside the cart at all times. + +# 0.1 Preamble + +A few months ago Citadel was the BBEG and BlackRock was our Angel, swooping in all dark and sinister, but totally on our side with their Sword of Deep Pocket Whaleness. Everyone kept saying it, but I just wasn’t buying it. Why would the two Big Daddies controlling the long and short side of the market be in opposition? They have been playing nice with each other for decades to great mutual benefit. Why would that change? Aren’t they both in the “too big to fail” category? + +I began this journey then. Most of this I wrote a couple months ago or more, and have been sitting on it. Not because I didn’t want to share, but because the investigation had gotten so big I wanted to finish it before I presented my findings so I could keep it all in context. Well, that didn’t happen. I’ve written over a hundred pages of primary source findings and I’m really no where near finished, but I think I am finished enough to begin presenting the evidence. + +This investigation is primarily on ***ownership***; who owns what; what benefits and responsibilities does ownership give, both by the law, and within the scope of what is realistic. Since this is a report on *current ownership*, even though it is topical to GME which we are all invested in, it isn’t really about personal finance, and should not be taken as financial advice. + +# 0.2 The Long And The Short Of It + +Before I begin, it is necessary to understand the basics of “going long” or “selling short” on a stock. A [*long position*](https://www.investopedia.com/terms/l/long.asp) is basically placing a bet that a stock’s value will increase. A [*short sale*](https://www.investopedia.com/terms/s/shortselling.asp) is basically placing a bet that the stock’s value will decrease. Of course that is an oversimplification, but it's all you need to know before beginning this report. + +# 1.0 Your Favorite Companies! + +Unless you shop at Walmart, Costco, or Amazon exclusively (no judgments!), you probably buy your clothes from one store, your groceries from another, and your electronic devices from a third. Maybe you even buy these consumables at multiple different stores in each category. All of these different retailers and brands obviously have nothing in common; oftentimes they are fierce competitors. + +As smart shoppers we find the stores with the best prices, each store hawking their wares with ads and sales, all vying with each other for our hard earned cash. When we aren’t shopping or working we spend a fair bit of our free time watching shows on competing cable stations or the online equivalent (Netflix e.g.), or reading news through a plethora of competing news sites that are trying to get us excited with eye popping headlines, or maybe interacting with our friends, relatives, and the world at large through games, social media platforms, or other interactive media. + +But are these really different companies competing for your time and money in a free market; full of original ideas and products? Or has the entire concept of a competitive market, and the free flow of information and trade become nothing more than a *game of pretend* we are forced to play? Does the market really encourage *any* innovator to introduce their ideas for public judgment? Or does judgment come long before the public even knows about an innovation? (E.g. [naked shorting](https://www.wraltechwire.com/2020/07/21/redhill-biopharma-requests-sec-review-of-suspicious-trading-activity/) biotech [research start-ups](https://www.reddit.com/r/Superstonk/comments/ndrjl8/naked_short_sellers_have_set_our_cancer_research/), or [EVtech companies](https://www.reddit.com/r/Superstonk/comments/of8o42/shitadel_and_friends_are_shorting_innovative_ev/).) + +Does the money from every purchase go into the same corporate pocket, no matter which sign hangs over the door? + +# 1.1 Your Favorite Companies? + +There are certain “investment firms”, such as Blackrock, Vanguard, State Street Corporation, JP Morgan, BofA, Fidelity (FMR LLC), Northern Trust Corp, etc., etc. who have purchased large percentages of stock in every company in America that has a name big enough to make a blip on their radar (and many that have yet to do so). When you add up the ownership of all these investment firms into any random production or retail company it totals anywhere from a very large minority (40%+) all the way up to nearly 100%. + +Examples: [Intel](https://www.wallstreetzen.com/stocks/us/nasdaq/intc/ownership) 63% and [AMD](https://www.wallstreetzen.com/stocks/us/nasdaq/amd/ownership) 67% (note that these are not the complete list, just the top ten): + +&#x200B; + +https://preview.redd.it/7rukpcrdr0f71.png?width=588&format=png&auto=webp&s=625ff6bc5aaf8bc2a6496cc262cdd9c280cbeb73 + +Here are a few more that show the approximate **institutional ownership** of some mostly random corporations; sourced from [finance.yahoo.com](https://finance.yahoo.com/) and [www.wallstreetzen.com](http://www.wallstreetzen.com/). + +&#x200B; + +* [Walmart](https://finance.yahoo.com/quote/WMT/holders?p=WMT) 43% +* [Target](https://finance.yahoo.com/quote/TGT/holders?p=TGT) 83% +* [Apple](https://finance.yahoo.com/quote/AAPL/holders?p=AAPL) 59% +* [Tesla](https://finance.yahoo.com/quote/TSLA/holders?p=TSLA) 45% +* [Facebook](https://finance.yahoo.com/quote/FB/holders?p=FB) 81% +* [Google](https://finance.yahoo.com/quote/GOOG/holders?p=GOOG) 70% +* [Amazon](https://finance.yahoo.com/quote/AMZN/holders?p=AMZN) 65% +* [Disney](https://finance.yahoo.com/quote/DIS/holders?p=DIS) 67% +* National Amusements (traded though its subsidiary: [ViacomCBS](https://finance.yahoo.com/quote/VIAC/holders?p=VIAC) 88%) +* [AT&T](https://finance.yahoo.com/quote/T/holders?p=T) 53% +* [Comcast](https://finance.yahoo.com/quote/CMCSA/holders?p=CMCSA) 86% +* [News Corp](https://finance.yahoo.com/quote/NWSA/holders?p=NWSA) 76% +* [Sinclair Broadcasting Group](https://finance.yahoo.com/quote/SBGI/holders?p=SBGI) 88% + +Some of the institutional ownership is tied up in funds, but the majority of this ownership is in long term investment. This not only gives these investment firms collectively a majority share in equity and profits, but also voting rights. For the vast majority of the companies we buy from, these institutions have (if taken together) the majority voting rights to decide who runs the companies and how they handle their assets. Whether or not they use those voting rights to make decisions for these companies is not the focus of this research. I am only pointing out that the ownership trail suggests that *they can if they want to*. + +This report will focus primarily on American or American based international companies, but this institutional ownership is not restricted to just these. While some of the data (that I know how to access) gets a little more muddy, here are a couple examples of foreign based companies that are owned in large part by the exact same investors: + +&#x200B; + +* [Alibaba](https://finance.yahoo.com/quote/BABA/holders?p=BABA) 38% (China) +* [Prudential](https://finance.yahoo.com/quote/PRU/holders?p=PRU) 57% (UK) +* [Teva Pharmaceuticals](https://finance.yahoo.com/quote/TEVA/holders?p=TEVA) 53% (Israel) +* [FirstRand](https://finance.yahoo.com/quote/FSR.JO/holders?p=FSR.JO) 50% (South Africa) + +The list, foreign and domestic, goes on, and on, and on, and on… + +Forever. + +# 2.0 The Company Your Company Keeps (That Keeps Your Company) + +By looking at the investment data, since each large company is primarily owned by most of the same investment firms, it would be reasonable to assume that the real competition is in the investment firms themselves. That it is they who compete with each other for profits, and argue over who gets which part of the market. They fight with each other over which stores and brands get to rise to the top, and who gets shorted out of existence. + +This assumption would be completely wrong. + +All the investment groups I listed above, and every single one of those not listed that I have been able to find records for (including all privately owned), all own just as much of a share of each other as they do in all the other world's corporations. Here are just a few examples (from [wallstreetzen](https://www.wallstreetzen.com/stocks/us/nyse/blk/ownership)): + +&#x200B; + +https://preview.redd.it/ltk07gmar0f71.png?width=588&format=png&auto=webp&s=2911940816204311cab8aefc66d3315c6d8107d0 + +Here are a few more: [JP Morgan](https://finance.yahoo.com/quote/JPM/holders), [Charles Schwab](https://www.wallstreetzen.com/stocks/us/nyse/schw/ownership), [Ameriprise Financial Inc](https://www.wallstreetzen.com/stocks/us/nyse/amp/ownership), [Bank of New York Mellon](https://www.wallstreetzen.com/stocks/us/nyse/bk/ownership). I’ll get to Vanguard in section 2.3, but here is ownership in a [sample Vanguard fund](https://www.vanguard.com/pub/Pdf/sai040.pdf) (Investment holdings start on page 34). + +&#x200B; + +https://preview.redd.it/e04a5q59r0f71.png?width=782&format=png&auto=webp&s=5af4eac82728f7b44dc692e1efed776aa9a3d8f4 + +By all appearances, at least on the large scale, the connectivity of the investment firm network seems to be very close to all nodes are directly connected to all nodes. A big black spider web of corporations. + +# 2.1 Who’s The Real Spiderman? + +https://preview.redd.it/ungn7yk5r0f71.png?width=828&format=png&auto=webp&s=e572172309906149dc151b25f771f55bca5c17e0 + +This shared ownership seems shocking (at least it shocked the shit outta me) but the full implications aren’t obvious without some analysis. I will start with a simple math example (really). + +# 2.1.1 Mr. Hankey The Christmas Poo + +https://preview.redd.it/snrvmqp4r0f71.png?width=300&format=png&auto=webp&s=b0ef1081eb6cba7c95022d327135b823d1464869 + +Let's say I own an investment company named **Money Inc**.. I’m competing for investor monies with my friend Cartman who owns **Fat Money**. Down the street is a former friend of ours named Kenny. He owns **Money Castle.** Kenny is short, has a speech impediment, and steals some of our customers sometimes. + +On the edge of town there is a really nice big fat juicy new up and comer company named **HankeyPoo** that I want to invest in. I really like the stock so I buy 20% of the company. I tell Cartman about it and he agrees with my assessment. He buys 20% as well. Unfortunately Kenny got (down) wind and buys up another 20%. As much as I don’t like Kenny, he does have a nose for investment opportunities. HankeyPoo now has 60% institutional ownership. Combined our ownership gives us a lot of control over what kind of shit goes on at the company if we choose to use our "Poo" leverage, though there is little apparent motivation for us to work together since we are obviously competitors. The rest of the town loves HankeyPoo. They seem to think his shit don’t stink and scoop up 20% of “The Poo” (Retail). Hankey decided to keep 20% of The Poo in house (Insider). + +Here are ownership maps of what these four companies look like: + +&#x200B; + +https://preview.redd.it/gp1o4mv3r0f71.png?width=1235&format=png&auto=webp&s=7c483122f2c01ff8259d9f83b7e214a0fa33cdef + +These pictures are created by an ownership Treemap program I wrote. The code and the database can be [found on github](https://github.com/Slyver12/iterative_treemap_megacorp). A Treemap is a graphical display of data that shows a distribution by percent of something in 2D rectangles. In this case it is relative percent ownership of voting stock. Each sub-rectangle is, by area, a percent of the area of the whole square. For example, in the case of HankeyPoo above it shows that Money Inc (red), Fat Money (green), Money Castle (blue), Retail (white) and Insider (gray, Mr. Hankey himself) all own 20% each of the voting stock of HankeyPoo since their area is in each case 20% of the area of the larger containing square. By contrast, in the case of the three investment companies above; Money Inc, Fat Money, and Money Castle, it shows that they are 100% self owned; they are clearly different companies. + +Pleased with my HankeyPoo investment, and having some extra cash, I look elsewhere for investment opportunities. I’ve always really liked Cartman’s company. He may be a slob, but he’s a savvy slob. I decide to buy up a third of the total shares in his company. Being nice, I let him know. He decides that’s a good idea and buys up 33% of mine as well. Neither of us like Kenny very much so we each decide to snag up as much of his company as we can. We buy out 33% each for a total of 66% ownership. Unbeknownst to us, Kenny, being not as stupid as we thought despite his speech impediment, bought up 33% of each of our companies as well. + +As far as HankeyPoo is concerned, we each still own 20% of that company, even though we only own 33% of our own company. For example; I own 1/5 of 1/3 = 1/15 through my own company, and 1/5 of 1/3 through both Cartman’s and Kenny’s companies. That’s 1/15 + 1/15 + 1/15 = 3/15 = 1/5 = 20%. Together we still own 60% and the voting majority. Here is the new ownership treemap: + +&#x200B; + +https://preview.redd.it/6rfyk1m2r0f71.png?width=1235&format=png&auto=webp&s=a7735b87580c80b44ce7d82e6d2cc807eb56906d + +While I may still be CEO of my company Money Inc., I have to respect that I have broader interests now. It behooves me to coordinate and work with both Cartman and unfortunately Kenny since its really difficult to tell, by ownership anyways, who owns which company. As far as how invested we are in both each other and HankeyPoo, we might as well be one company with three different “investor” doors and one “retail” door. + +If HankeyPoo does well (and we’ll make sure it does, with "brown gift bags" at Christmas time) we will have plenty of money to invest in other companies in the same manner; all coordinating for the best interests of each other and of course the corporations we deem worthy. For any companies we don’t like, maybe just because they won’t sell us controlling interest, or we just think their shit stinks, we’ll have the capital to short them out of existence. Any competition to the corporations we own gets deleted if they choose not to join us. If they play ball, they can join our “free market”. All we would need to ensure a dominant victory in our little version of “capitalism” is a little help from the media to drive appropriate emotional responses from the public; lean them towards a company or away from it with selective advertising. It’s a good thing our companies already own the local news paper! + +# 2.1.2 The Hanky Panky Poo Poo BlackRock Shuffle + +With HankeyPoo in mind, lets look at a Treemap of percent ownership of a few different investment companies. Lets start with BlackRock, the largest institutional investor in the world. + +When you walk up to the door, BlackRock looks like this: + +&#x200B; + +https://preview.redd.it/bscgrp40r0f71.png?width=600&format=png&auto=webp&s=d660b758307f7bc1674d310b304836efd52a98b7 + +It’s a big, bad ass company, and Larry Fink is the all powerful deity in control of assets worth almost half of America’s GDP. But does Larry own BlackRock? When you look into the actual ownership, the voting rights, equity, etc. it looks like this (from [wallstreetzen](https://www.wallstreetzen.com/stocks/us/nyse/blk/ownership)): + +&#x200B; + +https://preview.redd.it/xn4xc0ezq0f71.png?width=600&format=png&auto=webp&s=1af4747a2baec236de1e57f0d5d194b34cb214a3 + +It looks to me like Merrill Lynch owns BlackRock for the most part. BlackRock only owns 6.5% of BlackRock. Hell, even Vanguard owns more. + +But this is an illusion as Merrill Lynch is a wholly owned subsidiary of Bank of America. So BofA is the real owner of this megamachine. Well, not really, because Bank of America doesn’t own Bank of America. When I add the actual ownership of Merrill Lynch (BofA) into the Treemap it looks like this: + +&#x200B; + +https://preview.redd.it/2f6mcl0yq0f71.png?width=600&format=png&auto=webp&s=7d351316bf45d66271443f8af1c06247bceeada5 + +We see BlackRock actually owns more BlackRock than we thought through ownership of Merrill Lynch. Quite a bit of BR is owned by Berkshire Hathaway. I delved into Berkshire a bit and there are interesting things to say about it, but I won’t discuss it in this report. This apparent ownership is still illusory, since all of the companies other than Merrill Lynch/BofA are also owned by other companies. If I fill out the rest of the Treemap with their ownership it looks like this: + +&#x200B; + +https://preview.redd.it/d6nl01vwq0f71.png?width=600&format=png&auto=webp&s=a117de7ede5d72acb884ebaa59f891efaf35dcc8 + +So here at last is BlackRocks ownership. Except of course its not because each of these companies are also owned by others. If I fill in all of these companies with their ownership it looks like this: + +&#x200B; + +https://preview.redd.it/zv51nkawq0f71.png?width=600&format=png&auto=webp&s=6639f809139077e0406ca8627e1a5e8f846065fc + +As you keep filling in the ownership further and further eventually it gets below the resolution of the screen, or your eye, or the wavelength of light. For a simple example I will show this iterative “actual ownership” replacement for HankeyPoo Inc. + +&#x200B; + +https://preview.redd.it/exkp0bxuq0f71.png?width=830&format=png&auto=webp&s=943475e0ceffae95e8bcfb33b438a3dc7bd5cee3 + +Using this same process for BlackRock it looks something like this: + +&#x200B; + +https://preview.redd.it/vjgejmstq0f71.png?width=600&format=png&auto=webp&s=7011977c49875fe04b880e0f45f83a3423b8fcbe + +Welcome to BlackRock. The name is certainly fitting. In this Treemap the white represents Retail investors, the gray represents non-institutional insider investment (the actual people we think of as "owners") and the black represents the Big Bad megamachine: **Megacorp.** (*Spoiler alert*: it’s not really the Big Bad. We have a ways to go for that reveal.) + +In order to justify this model, I need to justify some of the larger contiguous chunks of black that have no white or gray speckles. These large black areas are due to a few reasons: + +&#x200B; + +1. Some of it is due to an incomplete database for some smaller contributors to Megacorp. +2. Some of it is because my computer pukes on me when I try to force my inefficient Treemap algorithm through it at too great an iteration depth. +3. Some of it is “Other Institutions” that represents either the balance between the top 25 institutional holders and the rest (also all Megacorp), or stock that is tied up in mutual funds (which means the actual institutional ownership of some of the larger institutions may be higher). +4. The rest of it is investment institutions without public stock offerings (Fidelity e.g.). + +1, 2, and 3 add only very small sprinkles and are otherwise irrelevant to the overall map; their lack of inclusion is reasonably justified. A more complete database would produce the same results with a few more small sprinkles mixed in. + +As for 4, that requires further justification. Those black contributions could potentially be all gray for example (100% owned by insiders). Trying to find the real ownership of these non-public companies (like Fidelity) is like trying to pull out your own teeth with your fingers; its slippery, a little painful, you look silly trying, and its ultimately probably impossible. Maybe someone knows exactly where to look for this information, but I do not. + +# 2.2 FMR LLC aka Fidelity (miniboss) + +**TL;DR for section 2.2**: Some of the large black parts of the graph are investment corporations which are not publicly offered and thus do not report who owns their voting stock (that I could find). In this section I investigate Fidelity, one of the largest asset managers in the U.S. and make a case for why the black is justified, not only for Fidelity (the largest contributor by far), but by extension for all private investment institutions. I touch on this private ownership again in section 4 (Citadel). These large black sections should have some gray in them (likely small insider ownership) and sprinkles of white (from the member corporations that make up the real ownership) but are otherwise justified as the black hole that is Megacorp. + +Other than making this case, section 2.2 is not fundamental to the larger picture. + +\----------------------- + +Because Fidelity is one of the largest asset managers in the world, I investigated it a bit when putting together my database to try to make a more accurate map. I will go over my findings briefly (my investigation into this could have been more extensive). + +My core research tool for this investigation is a [Statement of Additional Information](https://www.amegybank.com/content/dam/abt/amegybank/docs/pws/Fidelity%20Statement%20of%20Additional%20Information.pdf) (SAI) from the Fidelity parent company FMR LLC. + +I looked through this source trying to answer the following questions: + +&#x200B; + +1. Who are the primary investors in FMR LLC funds? +2. What rights and influence do institutional investors have over fund management as a portion of the size of their investment in that fund? +3. How much voting stock of FMR LLC is owned by institutions? +4. How much voting stock is owned by “the owners”? + +The first questions are important because a great deal of the over [$10 Trillion dollars](https://www.fidelity.com/about-fidelity/our-company/) in managed assets in FMR LLC subsidiaries are in funds. I looked in the [15 U.S. Code Title 15 – Commerce and Trade](https://www.law.cornell.edu/uscode/text/15), but it was not clear and time is not infinite: there are bigger fish to fry (I did find a juicy tidbit I will disclose later though, so all was not in vain). Fortunately some hints at the answers are found within the SAI itself. + +Page 22: + +>**Fidelity® funds are overseen by different Boards of Trustees**. The funds’ Board oversees Fidelity’s investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity’s high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. **The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee**, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board + +So each fund (or fund group?) is managed separately. Some trustees are listed (starting on page 22). There are both “Interested\*” and “Independent” Trustees. Most of the Trustees are Independent. So what do the *owners* of the actual company called Fidelity do, pick out bathroom towels? + +\* Interested Trustee is defined on page 22 as: + +>Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR. + +The main difference I see looking at the descriptions is the Interested are upper management of FMR and the Independent are not employed by FMR. There are only two Interested listed, and eight Independent. It is unclear which fund this board of Trustees manages. If its “all”, that goes against what is said above about each fund being managed by its own board. Regardless, there are many more on the Board that are not otherwise affiliated with FMR than are. The Independents are also largely affiliated with other members of Megacorp. + +Who owns the voting stock of FMR LLC? According to page 35: + +>FMR LLC, as successor by merger to FMR Corp., is the ultimate parent company of FMR, FMR UK, Fidelity Management & Research (Hong Kong) Limited (FMR H.K.), and Fidelity Management & Research (Japan) Limited (FMR Japan). **The voting common shares of FMR LLC are divided into two series. Series B is held predominantly by members of the Johnson family, including Abigail P. Johnson, directly or through trusts, and is entitled to 49% of the vote on any matter acted upon by the voting common shares. Series A is held predominantly by non-Johnson family member employees of FMR LLC and its affiliates and is entitled to 51% of the vote on any such matter.** The Johnson family group and all other Series B shareholders have entered into a shareholders’ voting agreement under which all Series B shares will be voted in accordance with the majority vote of Series 35 B shares. Under the 1940 Act, **control of a company is presumed where one individual or group of individuals owns more than 25% of the voting securities of that company.** Therefore, through their ownership of voting common shares and the execution of the shareholders’ voting agreement, members of **the Johnson family may be deemed**, under the 1940 Act, to form **a controlling group** with respect to FMR LLC. + +So the Johnson family owns a “predominant” number of Series B stock, which is entitled (in total) to up to 49% of the vote. The majority of voting stock (51%) is the Series A stock, which is held by other entities, notably FMR LLC’s “[affiliates](https://www.investopedia.com/terms/a/affiliate.asp)” (which could be anyone). Note it also says that the Johnson family *may be deemed* to form a controlling group (they “may” have 25% voting stock AND more than anyone else, or they may not). The word “may” is very important. It doesn’t say “shall be deemed”, it says “may be deemed”. In official documents like this, words matter a great deal as I will show with examples in later sections. The word “may,” could be [imperative](https://legal-dictionary.thefreedictionary.com/May), or it could be [permissive](https://www.law.cornell.edu/wex/may); it is ambiguous in this statement without further clarification. + +So is the Johnson family actually a controlling group? This official document does not state that clearly, so it is unknown if they even *control* the company, much less own it. In fact it states they do not own it, owning **at most** 49% of the FMR voting stock (it implies it is less, maybe even a lot less). The statement of ownership of funds within this document makes it clear the Johnsons do not own a majority of any fund either (beginning on page 32). + +If you look at the fund investors list its almost all banks. Banks are 100% Grade AAA pure Megacorp as I will show later. + +This is a small snippet of a fund ownership. Note the “Treasury Portfolio” as it will come into play in later sections. + +&#x200B; + +https://preview.redd.it/6ijf37vn01f71.png?width=814&format=png&auto=webp&s=98d3fc46643de03a3fee16c84963e0baa9ee2205 + +So what do the “owners” of FMR LLC do? (page 35): + +>At present, the primary business activities of FMR LLC and its subsidiaries are: +> +>(i) the provision of investment advisory, management, shareholder, investment information and assistance and certain fiduciary services for individual and institutional investors; + +Give advice and information. + +>(ii) the provision of securities brokerage services; + +Act as a broker. + +>(iii) the management and development of real estate; + +Pick out bathroom towels? + +>(iv) the investment in and operation of a number of emerging businesses. + +Invest in (and operate???) emerging businesses. + +That last may be significant, if rather vague. So I guess the managers do something. It still isn’t perfectly clear how much operational control the managers actually have. It also isn’t clear how easy it is to overrule them if some other entity wishes it; perhaps an entity with possibly even more FMR LLC shares, and/or majority monetary investment “control” of a fund. + +Since the vast majority of FMR LLC monetary control seems to lie in the fund trustees, which seem to be membered by different persons depending on the fund, and are not necessarily controlled by the owners of Fidelity, I think it is safe to assume that FMR LLC is, at least in large part, Megacorp as defined; both in the money invested in the company itself (voting shares), and in ultimate control of much of the assets. I believe the Black on my graph is justified. It should probably have some gray (Johnson Insider), though there is no way to determine how much from the information I have seen so far, and certainly will have no Retail white (as a measure of ownership or control). + +\---------------------------------------- + +**This is not the end of part 1!!!** Stupid 20 image limit killed me. + +Edit6: Superstonk mod approved [part 2 here](https://www.reddit.com/r/Superstonk/comments/ows1a2/will_the_real_gme_bbemg_please_stand_up_cont_part/). We are still not sure why it kept getting deleted. I think it was probably a link that was disapproved by a larger Reddit wide automod (though no one has any idea which link it might be). If there are still problems, there are links to two sources for the pdf in the edits below. + +Edit5: A mod on DDintoGME approved my [second post here](https://www.reddit.com/r/DDintoGME/comments/owrq55/will_the_real_gme_bbemg_please_stand_up_part_1/). Please let me know if it works. Maybe I can get it to work on Superstonk as well. + +Edit: The part 2 post seems to be getting removed for reasons that are unapparent (works perfectly fine for me). I will figure out why and get a working "part 2" link up. In the meantime, [part 2 can be found in the PDF](https://github.com/Slyver12/iterative_treemap_megacorp/blob/main/how_to_take_over_the_world_in_3M_steps_part_1_Finkle_is_Einhorn.pdf) (also linked at the top of the post). Only the intro is different between the pdf and these posts. A few people have said the pdf doesn't fully load for them on github. Most have said it works just fine. It can be downloaded from there as well if you can't get it to fully load. + +Edit2: Please let me know if this [link to part 2](https://www.reddit.com/r/Superstonk/comments/ows1a2/will_the_real_gme_bbemg_please_stand_up_cont_part/) (of part 1). I think the title was the problem (duplicate title?) Please tell me this fixed it! + +Edit3: I've contacted the mods to hopefully figure out why I can't post part 2 (of part 1). If and when they get back to me I will get the link up. In the meantime, please use the pdf hosted on github (linked above). + +Edit4: Here is an [alternate link](https://www.docdroid.net/gUhs7kI/how-to-take-over-the-world-in-3m-easy-steps-part-1-finkle-is-einhorn-pdf) to the pdf since some people are having difficulty viewing it on github. I really hope a mod gets back to me on why part 2 won't post. :( +Two years ago from today on March 13th the big Covid-19 black swan happened. Stock market and Crypto saw massive sharp unexpected dips. All that happened for Crypto during a bear market period after the 2018 parabolic top. That was the time where BTC and Crypto were called "officially death" even by its own investors as this was very unexpected and many did not have any hope for a return. + +Here we are two years in the future. BTC recovered from a -80% down from its ATH and even after then made another +200%. All that from - 80% to +200% happened in about one year. And today just a year later those FOMO levels are the new Fear levels. + +That up and downs are completely normal for Crypto. The ones who don't give up and stick to their strategy are those that will be rewarded. Even in the darkest of times we should know that everything is just transitory. +Like many of you I'm on my path to Financial Independence. One thing that always scares me is saving for all these years and never getting to enjoy the benefits. I decided 6 months ago to get healthier. I just finished a 10 mile race. I never though I'd accomplish that. + + +Just a reminder to everyone to take care of your physical health not just financial health. +As I'm sure many of you have noticed, the number of members has gone up a little bit recently. The side effect is that the daily thread now tops 3000 comments per day. This means that it becomes harder to understand and follow. + +&#x200B; + +As a side effect, the mod team have decided to open up a poll on the question of splitting the daily thread. + +The current plan is: + +1. A Pre-open thread. From 6PM to 9:40AM +2. An open Market thread. From 9:40 to 6PM. + +&#x200B; + +The main idea of this is that it will make it easier to seperate plans from activities, plus deal with clutter. It is likely, but not confirmed that the Pre-open thread will recommend sort by best and the Open Market sort by new to let you keep up with the madness. + +&#x200B; + +In addition, on account of people bailing on important bans about important business (i.e the price of stonks). New Ban bets require you to have 500 Karma minimum. i.e that account better not be new. Other bets will require 1000 Karma. Also, other than tattoos, anything requiring functions, parts or fluids is going to be looked at very askance by the mods. Also, obvious ban evasion will be looked upon dimly. + +[View Poll](https://www.reddit.com/poll/ll1sjw) +I understand that inflation should be one of the inputs in determining a correct discount rate to use in the DCF model; however, would this not already be captured in the risk-free rate as treasuries typically rise with expected inflation (during 'normal' times of course). + +Is the WACC a good rule of thumb to go by when benchmarking a discount rate for a certain company as this would already include inflation expectations? + +Curious as to others thoughts on incorporating inflation into their models and how higher inflation impacts the perceived value of stocks. + +Thanks in advance to all replies. +I’m pretty new to the concept of value investing. Finished reading The Intelligent Investor recently and looking to read some more related books by the end of this year. + +Determining the value of a stock is a huge part in being a successful investor, but I’m having a hard time selecting strategies to go about doing this. + +What are your go-to methods in determining the intrinsic value of a company? There are just so many methods (fundamental screening, comparative analysis, DCF modeling, etc.) that I’m having a hard time choosing where to start. +This community thrives on accurate information and we have a lot of eyes and brains who work quickly to verify this. Do not be afraid to share your voice. + + +--- + +If you are a meat and potatoes kind of person I will list the steps from the wiki. + +--- + + +# **How to Submit to SuperstonkBot** + +**1. Visit www.superstonk.net** + +**2. Write and submit your post** + +**3. Wait until our team has reviewed your submission (please be patient)** + +**4. [Watch the latest posts](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22) of u/SuperstonkBot for your post** + + +--- + + +If you are looking for information about SuperstonkBot here is a link that will take you straight to the Superstonk Wiki. + +https://www.reddit.com/r/Superstonk/wiki/index/superstonkbot + + +--- + + +Final Words: + +I would like to give a special Thank You to the creator of the bot u/richie_de_87 , the wonderful mod team, and the amazing wrinkle brains for making this such a beautiful place. Let's make history. + +Buy, Hold, Vote. + +I love you all. + + +--- + + +~~P.S.~~ + +~~I'm not sure how to properly flair this, but I feel "Possible DD" is correct, in the event that DD may come from it. If I am incorrect, could I please get a little help fixing it? Thank you.~~ + +--- + +Edit #1: + +Neat! Automod moved this to discussion automatically. Thank you! + +--- + +Edit #2: + +I'm not crying. You're crying! + +This is amazing... Thank you everyone. You are all too kind! I will do my best to go through the thread and reply to comments. +So I do brideshare which is basically a cuckold service where grooms will watch their fiancées get dicked before the night before their wedding (don't ask me how I got into it). + +Anyway, my latest match was with a sex worker and her fiancé, an ape who became a millionaire from the original Jan 2021 wave. Not gonna lie, this was one of my favorite encounters. She was sucking me off as he was chanting "HEDGIES R FUK" in my ear. I never coomed so hard in my life. But that's not the point of the story... + +This happened literally 5 minutes ago. Like I'm still balls naked in the hotel room as they're watching me write this shitpost with giddy eyes. + +The most interesting tidbit that they told me was this: a recent match they had was this "Fidelity Senior Advisor." Obviously the topic of GameStop came up and they started talking about the DD. -- Just then, the woman smashed her planet-sized boobies into my face and I was trying my best to listen to what the man was saying cuz I kept being interrupted by titties so forgive me for missing some stuff! + +(FYI i just coomed again, goddamn, these DDs are amazing) + +The man was stroking it in the corner seat as he was saying that the Fidelity Senior Advisor kept saying the DD is real, they are beautiful, and whenever possible, he would love to see the DD again. Obviously between me, the couple, and the Fidelity dude, we all know the DD's are real. They're so real I can taste it. + +This next part will make your mind explode. Please remain seated during this next paragraph. We're about to lose cabin pressure... + +The couple told me that the Fidelity guy said the price would be back to $1. When he said that, I COOMED. Then SHE COOMED. THEN HE COOMED! We all knew what this meant! CHEAP SHARES TO LOCK THE FLOAT. CHEAPER COST BASIS. TURNING MY XXX shares into XX,XXX or even XXX,XXX!! + +Anyway, I am currently covered in coom, sitting naked on the foot of the bed as the couple watches me write this shitpost on my phone as they rub my back. + +Best brideshare encounter ever. + +Alright yea so that's my "trust me bro" story. The DD's are real. Anyone trying to tell you anything different just hasn't touched the DDs. They're beautiful, majestic. + +&#x200B; + +&#x200B; + +&#x200B; + +\*\*\*brideshare is not a real thing. in fact, none of this was real. i'm probably a virgin or something lol\*\*\* +METAVERSE!! - First time I have seen this term used in one of their GameStop's job postings - LFG!! And posted on a Sunday no less + +Posted today, Nov 28th: Program Manager, New Business Opportunities, + +[https://gamestop-careers.jobs.net/en-US/job/program-manager-new-business-opportunities/J3P88379K5CBP5GJ98Q](https://gamestop-careers.jobs.net/en-US/job/program-manager-new-business-opportunities/J3P88379K5CBP5GJ98Q) + +(From the posting) "Must Be... + +* Interested in building the **future of gaming** +* Well versed or interested in learning more about **fringe technologies - NFTs, Metaverse**, etc. +* **Not afraid to fail"** + +*Additional posting text to meet minimum character requirements:* + + "The Program Manager for New Business Opportunities will… + +* Ideate new customer-centric business opportunities that have the potential to generate new revenue streams for GameStop's business. +* Develop, design and deploy the work required to execute and experiment with your projects in real-world environments. +* Optimize your experiments as you work cross-functionally with our Business Analyst, Project Finance Analyst and Test Experimentation analyst to continue learning about your ideas. +* Lead and manage your projects, ensuring projects complete on-time, under budget and up to customer expectations. +* Develop comprehensive implementation plans, including sequencing of tasks, staff planning and working effectively with Store Operations, Visual Merchandising, IT, Merchandising and others. +* Contribute to the profitability of projects by thinking critically about re-use and pivot points for each project you embark on." +Edit: Resolved. I spoke to my landlady about feeling unfairly singled out because of my current situation, and showed her the current total in my savings account. This seems to have put her at ease and we've agreed to review the situation on a month to month basis. Many thanks to all who contributed. + +OP: + +Hi y'all, so just a quick one... + +I live with my landlady as a lodger (no written contract necessary), and am recently unemployed (25 days). I haven't found work yet and my landlady is getting paranoid that, because I'm still unemployed after 3 weeks, I won't be able to pay the rent in January. So she's asked me to pay it upfront with December's rent. + +Now I'd like to respectfully refuse that request as I feel it's completely discriminatory and unfair of her to ask me to pay double rent when nobody else in the house has to based solely on the fact that I'm currently unemployed. I've tried to assure her that I have more than enough savings to cover the rent in the event that I don't find a job within the next six months even, but I work in an industry where it's fairly easy to find a job so that won't be an issue (truth be told I've been enjoying being a slob these past few weeks as I haven't had more than a week off at a time in the last seven years or so!). + +But I just wanted some advice as to whether I'm obliged to actually pay the double rent given that I don't actually have a written contract, or whether I'm within my rights to respectfully refuse her request? +Anyone else think the VIX is abnormally low based on the current environment? Maybe I'm a little too jaded in my belief that earnings are going to suck, and leaning on some confirmation bias from JPM. But these lower gap opens and rally all day, I simply don't see the upside. The market has basically been flat going on 2 weeks, when is the other shoe going to drop? + +EDIT: Also, seeing some retro-active price updates after close. WTF is going on? +**TL;DR:** Donating plasma is real - it's legit. It takes some time out of your day, but is otherwise low-effort. + +A few months ago (maybe over the summer?) someone posted that selling plasma could get you some quick cash. Ever since then I've been meaning to do it, but kept putting it off. Finally, I decided that the new year was a great time to stop procrastinating. + +The first thing I did was a quick internet search to find out which facilities were near me. There are two in my area: CSL and B Positive. I didn't have a lot to go on, so I randommly chose B Positive. It's a little bit far from my house, but very close to work so I thought that might be convenient. + +I went to the B Positive website and read all the FAQs and informational pages. I'm glad I did because there's some paperwork you have to bring with you. You will need: a photo ID, your social security card, and proof of address. I couldn't find my SS card, but according to the website you can also bring your W2 or 1040. I brought my 1040 and had no problems. + +The website said that first time donations take about 2.5 hours. I arrived at the facility at 9:30 am on Saturday morning. I needed to leave by 12:30, so I thought that would be pleny of time. + +When I got there, the place was cclean and brightly lit. The other clients were a bit rough around the edges, but I don't know what I expected - a bunch of brain surgeons and fighter pilots? Anyway, the staff was super nice. The front desk lady looked at my ID/paperwork and set me up as a donor. You have to have your fingerprints taken electronically and they take your picture. + +Next you go to a computer kiosk where you log in via a finger scanner (hence the need for fingerprints) and your DOB. You have to answer a series of 52 questions. If you've ever donated blood, the questions are really similar. If you've ever had sex with someone who had sex with someone who had sex for drugs, in France, with Ebola while getting a tattoo with a dirty needle, you can stop reading now because they're going to reject you. + +After I answered the 52 questions, I waited to be called for my physical. This is the part where I didn't plan ahead. It took a loooong time. It was a busy time of day, and I waited like an hour. Finally, I realized I wouldn't be able to finish before my 12:30 deadline, so I had to leave. I did come back later in the afternoon, though, and it went much quicker. + +So, when I came back I had to answer the 52 questions again at the kiosk, and then waited a much shorter time to be called. My "physician or physician's substitute" took me to a private exam room and did the usual weight, blood pressure, temperature, etc. She did a finger prick and had to get a tiny tube of blood to check my iron, protein, and something else I can't remember. She asked a million questions, a lot of them repeats of the 52 kiosk questions. She marked my finger with some invisible blacklight ink, and explained that the other place, CSL, marks a different finger - so they'll know if you're trying to double-donate. She checked my arms for "bruising" (aka track marks), checked my eye dialation, felt my stomach, and asked my favorite question - "Do you want a snack?" Well heck yeah! So I got some pretzles and a Powerade. Then I had to listen to some guy read 23 statements about the process of donating and answer "Yes" that I understood. That part made me feel good because I know some of the other clients are probably not the strongest readers, and by listening to the information it was assured that everyone had access to it. + +Before I left that room, the physical lady gave me my Visa card and explained how to set it up and everything. **HERE'S THE BEST PART:** they pay you according to how much you weigh and fat people get more!!! My time has finally come! + +FINALLY, I got to go back to the donation floor. It's a giant room with rows of recliner-ish chairs. They kind of reminded me of those zero-gravity lawn chairs you can get. The chairs each had a USB port and a plug, so you could use your laptop or charge your phone. There were also big screens throughout the room in case you wanted to watch TV. I'd say there were about 40 seats? The whole thing looked very dystopian, but very clean and legit. + +I was directed to a specific seat and the person in charge of that section came over and prepped me for donation. They verify your name and DOB. YOu can choose which arm you wan to use - I gave from my left the first time. They rub you down with iodine and then jab you with the needle. It was a slight pinch, but not painful at all. Then they start the machine running. You have a blood pressure cuff on and while the cuff is tight you're supposed to squeeze and release your fist - that's when the blood is coming out. When the cuff loosens, you don't have to squeeze any more - that's when the leftovers are getting put back in. The machine cycles through the whole time you're hooked up. Once you're done, the person removes the needle and puts some gauze on the site (at my place they wrap it liek a hundred times with bright tape, so if you like attention you can definitely get some!) The they make you sit up for a few minutes and drink another Powerade. Finally they let you get up and leave. The donation part probably took an hour all together on my first try. + +From start to finish the staff was **incredibly** nice. + Afterwards I felt perfectly fine. I did drink more water as per the instructions, but didn't have any problems. Later that night I checked the Visa card balance and sure enough there was 50 buckaroos on it! + +That was all on Saturday. Today I went for my second donation after work. I went straight to the 52-question kiosk and that checks you in. Your name appears on a big screen in the waiting area - like an arrivals board at the airport. I didn't wait long at all, then went back for a mini-health screening (weight, temp, blood pressure, finger prick, check your fingers with a blacklight and re-mark you.) From there I went to the donation floor and got hooked up. Today it actually took 2 hours from start to finish, but I don't think that's typical and I'm pretty sure it was my fault. I think I moved my arm and jostled the needle so I was less "flowy." People who came in after me finished before me. My best estimate is that you can probably get in and out in a little over an hour. + +All in all, whoever wrote that original post was right - donating plasma is easy and you get cash money. AND you're helping someone who really depends on it. There was a poster in the donation room that said it took 1200 donations per year to treat *one* patient with hemophilia. That's crazy! + +im drunk. its late. just scrolling around and looking at people yell at each other about fake numbers that at best are loosely tied to reality and actual material goods. y'all just be chill, its all fake. were all just throwing money at fake shit hoping to get money from the fake numbers. just be chill y'all. + +i mean its not totally fake but like, common, its mostly fake. its abstractions on abstractions on abstractions of actual material goods. just everyone be nice to each other and lets all just enjoy throwing our money away into the fucking burning pit of fire together. + +&#x200B; + +Edit: I logged on today and was like "oh fuck I have a lot of notifications what the fuck did I post last night????" If I remember correctly I saw like two or three arguments on posts where people were legit pissed at each other which meme stocks were bad and which were good. And I just thought 'damn this is fucking stupid, calm the fuck down everyone. No reason to get upset about fake money shit' +Hey guys! Its that time again, I am updating the spreadsheet I made for budgeting and adding in new features. I'm terrible at sticking to a budget so I originally made a sheet that breaks it down so that I just have the ability to break it down to a daily manageable amount. Since then the sheet has grown into a project I update every year! + +&#x200B; + +[HERES WHAT IT LOOKS LIKE](https://imgur.com/a/eWLAyEM) + +&#x200B; + +I grew up very poor and had NO sense of what or even HOW to start budgeting. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Another problem I faced is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. This spreadsheet is made so you only focus on ONE number. + +The sheet was set up with three goals in mind: + +1. that it be easy to use +2. that it focuses on a daily budget that supports long term goals- instead of a long term budget that doesn't have daily support +3. that it be a good starting place for people who have never saved before + +So how does it work? + +The main budget is divided into three core areas: + +* Income: You use this to fill in your income and choose to have a monthly, weekly, or bi-weekly pay cycle. If you are a worker who is tipped it includes an area where you can add tips, my suggestion is put in your minimum average income from tips- So for example, if you usually make 100 from tips a week, even if you get extra, try to program your budget around the 100 minimum average. +* Expenses: There you can add your expenses. Utilities are bills that are for electricity, heat, phone, internet, or water. Bills are important expenses that you can't miss and are integral to living. Finally, expenses are other things you need to allocate money for- whether it be gas, lunch expenses, transportation- ect. Within your expenses there are TWO areas to which you need to pay attention:-Credit Card Payments: this is new to this year's sheet, use the tab below to fill out your information for up to three credit cards. Decide whether to pay the minimum payment OR choose an amount to pay. The tab will allow you to see how much you're paying and how much interest you're accruing. Once you have filled it out, your budget will adjust accordingly.-Big Purchase: Use this tab to create a budget for a large purchase, and adjust your budget easily and automatically to finance this purchase! +* Budget summary: Finally the most important part of this sheet is the budget summary- Here you will see just how much you can spend. This money is shown in three ways, the lump monthly sum, a weekly amount, or a daily amount. As long as you don't go over that number, you will have enough money for the rest of your budget. It will also feature a breakdown of what your budget it, where your money is going, and what your income VS spending is! + +&#x200B; + +SO WHATS NEW THIS YEAR ? + +&#x200B; + +* Themes! so far I had kept it a pastel paradise as I like those colors, but now you can easily change the themes on the sheet and pick one that suits you better. +* Loan calculations, I wanted o see if I could get a house and needed an interest calculator- so I built one. P.S. I can't afford a house and likely never will. +* Bi-weekly and Bi-Monthly options for income! it took forever but I did it! if you get paid every two weeks, its bi weekly. Two times a month, it's bi-monthly. +* Paid? option to mark bills that have been paid each month. +* Am I over budget??? an area to track daily spending and see if you're following your budget. you can manually input data, but you can also use an add-on like BudgetSheets to automatically import the bank data and then track it that way + +and FINALLY + +# [HERES THE LINK](https://docs.google.com/spreadsheets/d/1Ryko0uTB2za6YGxTPn8BhGR9sj8r0vck4C6apJHGL8o/copy) + +&#x200B; + +^(NOTE: All Images in the spreadsheet are from vecteezy) + +&#x200B; + +FAQ:-How do I change it to USD/EU/CAN/AU currency?This is a google setting in sheets, go to the 123 setting and change it there! + +\-What is the difference between bi weekly and bi monthly?Bi-weekly is calculated based on 52 weeks in a year, Bi monthly is paid twice a month- there is aa small but statistically significant difference between those calculations! + +\- The link won't work!?tell me! the sheet is usually rate limited at some point so I need to generate a new link! + +\- I don't have google.....[Here is the link to the public doc](https://docs.google.com/spreadsheets/d/e/2PACX-1vRuB_xnYrkizCp-YSCOnB5edeG3i0aszBkR-vCXXq1gH25HPa2QBevFCnhTu3bL7x-NL5pc-OkcFw8_/pub?output=xlsx) + +That said it is made to use with sheets and will break if used in Excel. the original was made with accessibility and ease of use in mind- that meant i did want ppl to need to install extra software or need to pay for excel to use it. Due to this, it was made on sheets and some of the functions it uses are available only in google sheets. this is public BUT know it will Break and you will have to fix it. + +\- my Monthly/wekely/bimonthly/biweekly look different from each other? what gives? + Weekly payout and monthly payouts are calculated differently! if you make 100 a week it's not the same as making 400 a month! each calculation is made based on their specific circumstances. One day i wanna add Hourly but thats a WHOLE other can o worms. +I invested with an offshore fund for many years and discovered recently that the fund had disappeared along with around €40k I had paid in over the years. I would like to know if there is any come-back for situations like this and people like me with little financial experience. The fund was called Alpinvesta and was supposedly low risk. I found out by chance when enquiring on the balance of my portfolio from my ifa. They claim no wrong doing and that the fund manager has just gone awol with a lot of people’s money. How can this happen with no recourse?? +https://www.bloomberg.com/news/articles/2019-03-02/lyft-s-risk-factors-are-the-stuff-of-ipo-dreams-bad-ones + +Lyft defending itself against ‘several thousand’ legal claims + +Ride-hailing company could also suffer from tech backlash +Basically reiterating what was said when they hiked rates last week. + +>OTTAWA - Bank of Canada governor Stephen Poloz wants Canadians to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom borrowing costs is gradually fading away. + +>Poloz raised the benchmark rate last week for the fifth time in just over a year to 1.75 per cent - its highest level in about a decade. + +>He sent signals that future hikes could arrive sooner than previously expected, in large part due to the economy's resilience and the removal of some business uncertainty following the recent agreement on an updated North American trade pact. + +>Testifying before MPs on Tuesday in Ottawa, Poloz said many adults are used to the lower rates and are too young to remember the much-higher rates of the 1980s, when they climbed into the teens. + +>Poloz says the current rate is still too stimulative for the improved economy and he's reiterating his warning that it will rise to what the bank considers its neutral range of between 2.5 and 3.5 per cent. + +>He says the pace of future rate increases is still unknown, but he adds the bank will carefully analyze how well the hikes are absorbed - particularly for the many households that have piled on considerable debt in the low-rate environment + + + +https://www.bnnbloomberg.ca/canadians-should-get-used-to-idea-of-3-interest-rates-poloz-1.1160654 +Hey all! + +I’ve spent almost 6 years on my FIRE journey and have amassed almost $1 million. But it’s been a lonely and sometimes divisive topic to discuss with friends and family. I’ve always wanted to talk with friends about saving, investing, and retiring early but it always seems like such a taboo topic. Because of that, I’ve basically resorted to lurking and posting on Reddit. That is, until recently! + +I went out to dinner with a few of my friends recently and we started talking about investing. One thing led to another, we were all discussing our portfolios, our goals, and what we want to do when we retire. It wasn’t exactly a conversation about retiring early but it was an honest conversation about our financial situations. I not only shared how I didn’t like to spend nearly as much as my friends but I also learned that I’m pretty risk averse when it comes to investing! While I mainly invest in ETFs, one of my friends has gone full WSB $YOLO and has made 3x his money. I obviously feel some FOMO but even he admits that it was due to luck and stupidity. + +We enjoyed our discussions so much that we now message each other almost every day about stocks, investing, and portfolios! And even share a few deals here and there to save some money! + +This is all to say that FIRE feels pretty lonely until you meet a core group of people that you can have great in-person discussions with, who understand your life goals, and who are there to support you and hold you accountable. I’ve had a lot of fun discussing with my friends that I figured it would be worth it to expand my network and discuss with some random people online! If anyone’s interested, I’d love to start a small, Zoom discussion group for like-minded FIRE investors to come together and share tips & tricks! +Calling Steven Cohen and Ken Griffin terrorists is an actual waste. + +No rich person that has money tied up with Citadel is going to take the time to Google "Ken Griffin Terrorist". It's actually foolish af to think that. + +--- + +'Financial Terrorist' sounds like a joke. + +It's hyperbolic. It's not to be taken seriously if you aren't already in this community and actually understand what's being said. + +EVERYONE understands the implications of the word 'Criminal'. + +'Financial Terrorist' is too wishy-washy. + + + +---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + + +Edit: A couple of people have said that the word 'Criminal' gets overrun by Ken Griffin's 'concerned citizen' bullshit. That's a really good point. Someone used the word **'Scandal'**, and I think that really fits. You can't double-talk your way out of the word 'Scandal'. + +Also, #KenGriffinLied was a really effective hashtag that brought the issue to the mainstream. It was quickly shut down, as we saw, and there hasn't been another hashtag that has had the same impact since. + +edit again: Someone else used the words **Corruption** and **Corrupting**. These are powerful and clear. + +---- + +---- + +Tangentially related: + + +There has been, and there is going to continue to be, a large influx of people into the subreddit/information sphere. We are too memey of a community. Please tone the memes down a bit, we're getting close. + +Maybe I should stfu, idk. + +There's this concept called 'Legitimacy'. I feel as though over-memeing is killing the Ethos of this community. + +---- + +#\#KenGriffinLied + +#\#CitadelScandal +Calling Steven Cohen and Ken Griffin terrorists is an actual waste. + +No rich person that has money tied up with Citadel is going to take the time to Google "Ken Griffin Terrorist". It's actually foolish af to think that. + +--- + +'Financial Terrorist' sounds like a joke. + +It's hyperbolic. It's not to be taken seriously if you aren't already in this community and actually understand what's being said. + +EVERYONE understands the implications of the word 'Criminal'. + +'Financial Terrorist' is too wishy-washy. + + + +---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + + +Edit: A couple of people have said that the word 'Criminal' gets overrun by Ken Griffin's 'concerned citizen' bullshit. That's a really good point. Someone used the word **'Scandal'**, and I think that really fits. You can't double-talk your way out of the word 'Scandal'. + +Also, #KenGriffinLied was a really effective hashtag that brought the issue to the mainstream. It was quickly shut down, as we saw, and there hasn't been another hashtag that has had the same impact since. + +edit again: Someone else used the words **Corruption** and **Corrupting**. These are powerful and clear. + +---- + +---- + +Tangentially related: + + +There has been, and there is going to continue to be, a large influx of people into the subreddit/information sphere. We are too memey of a community. Please tone the memes down a bit, we're getting close. + +Maybe I should stfu, idk. + +There's this concept called 'Legitimacy'. I feel as though over-memeing is killing the Ethos of this community. + +---- + +#\#KenGriffinLied + +#\#CitadelScandal +I never used to worry about job security because my skills are in demand, and I back myself to adapt. + + +But now that I've worked up to a higher income, I worry that I would have difficulty finding an equivalent opportunity if anything happened. As you go up the ladder there are fewer opportunities, which has me feeling more 'vulnerable' than I was in my earlier years. + + +I enjoyed the feeling that I could replace my income easily. Now I feel tied to success in my current role, as a new opportunity would likely start at a lower salary. + + +This makes it hard to plan for my future, because I feel like I don't have income certainty, given all my eggs are in this basket so am hesitant to make larger scale investments (larger home purchase primarily.) + + +About me: 35, HCOL, 300k, HENRY pursuing fat fire. Wife is in a much more secure field, but lower paying, 80k. + + +Has anyone else been here? It would be good to get perspective from someone who was at this point in the past. Would love to hear your story. + + +Thanks in advance +Hey everyone, + +I'm 26 years old and my business have taken off like crazy. + +7 months ago I was nearly broke, grinding like crazy to make some money which resulted in me making around 200k in that same period of time. + +I just made a large bulk of 90k in a 30 day period but ever since then I feel like I've lost a major piece of motivate to keep on grinding. + +It's almost like I feel like I don't have enough money and I'm worried about losing it, which makes no sense to me as I didn't feel this way when I had way less. + +But at the same time I feel like I have enough to not worry about it and no longer have to grind to keep my security. + +Does anyone else deal with stuff like this? If so, how did you deal with it. +TL;DR: An NFT Spin-Off for MOASS? GameStop has confirmed a partnership with Immutable X and Loopring. Combined, these company partnerships actually provide the foundation tools for GameStop to announce an NFT spin-off!! What does this mean? More details below, but it means all shareholders would be introduced to GameStop's new NFT Marketplace! + +GameStop could spin off their NFT Marketplace division as a separate company with its own stock, but issued as NFT units'. Shareholders would receive an NFT 'unit(s)' for every $GME share(s) they own. Any market participant that holds a short position in GME would need to provide an NFT 'unit' for their counterfeit shares - which of course they don't have. If the NFT 'unit' is issued by GameStop in such a way that shorts cannot substitute a cash equivalent for the unit offering - the shorts will be *forced* to cover! R.C.'s '*Checkmate*'! + +[*https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x*](https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) + +***The genesis of this post: is from*** [***u/OGBobtheflounder***](https://www.reddit.com/user/OGBobtheflounder/)***'s post today and a post I had made based off*** [***u/HODLTheLineMyFriend***](https://www.reddit.com/u/HODLTheLineMyFriend/)***'s theory back in 2021.*** + +&#x200B; + +In [u/OGBobtheflounder](https://www.reddit.com/user/OGBobtheflounder/)'s [post](https://www.reddit.com/r/Superstonk/comments/sjtzck/the_immutable_x_licensee_agreement_is_between_gme/) he highlights: + +The part that stuck out to me is that this partnership with Immutable X is not a direct agreement with GameStop Corp. (the parent company whose shares we all own), but rather a license agreement with "GME Entertainment, LLC". + +GME Entertainment, LLC is not a new company or a new name. It seems that the whole NFT division that GameStop has been forming within their company has been doing business under the GME Entertainment name this whole time. So, what's the big deal? There is a juicy line in the agreement on page 3 that caught my eye... + +*"To the extent any change of control occurs (for GME Entertainment, LLC) that results in Licensee no longer being a wholly-owned subsidiary of a publicly traded U.S. company"* + +and he postulates: + +*"GameStop could split off the NFT division of it's company into a new company. The new company would not have to issue shares on the NYSE, but instead could be publicly tradable on the blockchain using NFT tokens (since this is a main part of it's business model). Initial ownership could be distributed to existing shareowners of GME stock via NFT tokens."* + +&#x200B; + +**Well.. .**[**u/HODLTheLineMyFriend**](https://www.reddit.com/u/HODLTheLineMyFriend/)**'s theorized:** + +June 9th, 2021 GameStop prospectus. Buried in there without much fanfare was a section that describes exactly what they're going to do .... it is the missing piece that ties it all together.GameStop defined a new type of offering: a "unit" for any future "prospectus supplement". The June 9th offering was also a "prospectus supplement", so they may be planning at some point to publish a new prospectus filing with the SEC defining the specifics of the "units." + +&#x200B; + +* The units will be issued in "distinct series," ie. numbered items in a collection. They cannot be duplicated. NFT fits this like a glove. +* They will be issued by a "unit agent" to be designated in the supplement. Could be CS, could be the NFT spinoff, who knows? +* Units will combine "two or more securities". Unit holders will hold each security in it with all shareholder rights. *Hold AND Hodl?* Will do\*.\* +* Units will be transferable "for a specified period of time" only by themselves. This is to bundle the price of "GameStop and Gmerica \[GME Investments LLC\]” together for a while, until the spinoff has gotten momentum, earned revenue, and is ready to be out as a public company. +* There will be "material U.S. federal income tax considerations." Really? Why would that be? Oh, wait, that would probably mean shareholders are getting something of value that they must pay taxes on. OK, so what if every shareholder trades in their GME share for a new GME Unit that contains their GME share plus 1 GMErica \[GME Investments LLC share\]? That'd be like getting a dividend, especially if the LRC it took to make the share cost $3 USD. But it's not a cash dividend, and not a generic crypto NFT that has some undefined value. The cost basis for taxes is $3 and it has some unknown market value. +* You can't break out the GMErica \[GME Investments LLC\] share and resell it. This way the short market participants have no way to acquire the share/unit. Aw, too bad, SHFs! Better get started closing your naked shorts! oops, MOASS! + +In conclusion, I think that GameStop is poised to announce that they are spinning off their NFT Marketplace division as a separate company with its own stock, but are issuing new "units" that will contain 1 share of GME and 1 share of the spinoff NFT Marketplace. These units will be tradable on their NFT marketplace or a DEX of a similar kind, and cannot be separated for some period of time. + +*Prospectus:* [*https://news.gamestop.com/node/18961/html#supprom192873\_24*](https://news.gamestop.com/node/18961/html#supprom192873_24) + +&#x200B; + +***Important Edit:*** + +Credit to u/FiveEggHeads for this update he messaged me with: + +I can’t post because I’m just a lurker and investor. I would love it if you could edit your post to point out to people that the language you reference about units in your post existed for the first time in the December 8, 2020 registration filing by GameStop. + +That filing was the first major update the company had made about their common shares and securities since 2006. The filing was also done only two weeks prior to RC purchasing his final batch of GameStop common shares to reach 9,000,001. + +Everything you’re describing dates back to before the sneeze and I firmly believe has been part of the plan that RC had for the transformation company since the very beginning. + +&#x200B; + +# $GME go BRRR! + +*Buy, Hodl, DDRS & 'Share the Story'* + +&#x200B; + +*DISCLAIMER \*\* Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein.\*\** +Today I bought 100 shares of GME during the run up this morning and sold the $155 strike expiring this Friday for $7.00 per share. If my shares get called away then I’ll have made about 8% profit in 3 days. If not, then I’ll just sell another weekly just a little OTM. Probably will roll with this strategy until my shares get called away since the premiums are so high still. I’m bullish on GME (also that the apes will keep it inflated) so I’m okay holding and selling calls below my basis if the underlying drops +Twitter will allow you and its 300 million active users to add their own Ethereum or Bitcoin adress to their profile. + +https://imgur.com/a/OwNR70p +Menu which allows you to copy the Ethereum or Bitcoin adress directly + +https://imgur.com/a/EZdcdG3 +Field where to enter your own Bitcoin adress (potentially using the lightning network) + +https://imgur.com/a/dr93EIM +Field where to enter your own Ethereum adress + +This was reverse engineered by @alex193a, a Twitter developer also has hinted them using lightning network for Bitcoin donations. + +While being very likely, it is still speculation and not final, take it with a bit of salt. +Any advice for a financial newbie, I've been living paycheck to paycheck so far doing freelance photography work and have no idea how to save and invest and all that good stuff. + +What are some of the first things I should get?? Health insurance?? Start investing?? A bunch of cocaine?? + +Also I'm 27 and feel super behind because of my age. I'm on mobile so sorry for formatting. +How do you play support and resistance levels/zones? I see a lot of people say “if I get a break of X support/resistance I’m longing or shorting” + +Well every time I do this paper trading, the majority of the time the price deviates under or over that level for a bit before returning back to that original level of s/r instead of it being a clean breakdown. + +So my question is how do you play these zones and not get destroyed? I know position sizing and predetermined stops are important, but I’m more so asking about how you determine entries. + +Edit: not sure why I’m getting downvoted just asking a genuine question here +A little bit of info: I’m 18, and have an ABN as a Sole Trader so that I can sell an app I develop as a hobby on the Apple App Store. In April this year I was paid about $300 by Apple. My app is not at all popular and Apple has a minimum payment threshold of $150 USD so I don’t expect to get paid again any time soon, probably not until the end of the year. Since I technically experienced a decline in revenue, I applied for JobKeeper, not really expecting it to work because I didn’t think I was eligible. However, yesterday I got paid $3000 from the ATO... + +Can I spend it? I do feel like, I don’t really deserve it, I’m not who it’s for, but hypothetically, is there any chance I’d have to pay it back? + +Update: Thanks for all your replies guys. I contacted the ATO, and paid the money back. I definitely did the wrong thing and honestly am not proud of it. +FUD right now is out of control but a lot of us can hang in there because we can still pay a bill or two. If we quit our jobs and SHFs find a way to prevent MOASS for a few more months while we are broke then we will experience extreme doubt and psychological warfare. +DON'T QUIT YOUR JOBS YET. +Amazing tools are being created by Polkadot. But, you are correct if you think that the majority are not yet ready. + +It's been my favorite project ever since I started paying attention to it around a year ago. Through their YouTube channel, they do an excellent job of connecting with the GP, and they innovate every single day. + + +In this bear market, I have read a great deal about [Polkadot](https://messari.io/article/state-of-polkadot-q2-2022?utm_source=twitter_messaricrypto&utm_medium=organic_social&utm_campaign=state_of_polkadot_q2), and I admire the project and its objectives. They held a great event called "Decoded." I got to see some parachains like aca, unq, eq, and glmr discussing upcoming changes. Dot ranks second to eth in importance among my alternative currencies. + + +There isn't a fundamental reason why it couldn't be a competition for eth, but it's not intended to be one. I really believe it will have a significant impact for the years to come. +If you're buying a crypto to fork into alts, choose LTC. +Then sell on the btc or eth market of your exchange. +After that you can buy the alts. +Cheaper and faster than buying btc or eth these days. +**$MP – MP materials.** This was on our watchlist yesterday and has been all week. The daily is getting tighter and tigher with dips being brought. We’ve seen some aggressive moves lately in the lithium names yet it’s less well known that the minerals MP mines are in short supply right now thanks to the EV and Solar movement. I feel once we break out of range here we’ll start to see some aggressive buying and break of ATH. + +&#x200B; + +$DKNG – Draft kings: Again another watch from yesterday that we’re still looking to add too. It’s approaching it’s ATH today after a large breakout from the £57 wedge. We’ve been in this position for almost a week now and added on yesterday’s consolidation. As you can see from the graph we have broken out of range on the daily and are now setting up to test ATH’s. On the 1st Feb after hours ARK investment disclosed their first position in the company causing the price to gap up. With a lot of momentum in gambling names and only a few percent away from high I’ll be looking to scale yet again today. + +&#x200B; + +EVGN – Evogene DD has been mentioned on my previous post. To me this company is extremely undervalued as it works in a variety of industries projected to be worth $400billion in 2026 (the industries NOT EVGN). We’ve recently broken out of our daily range where we’ve been adding for the past few days. If we break and hold $88.20 I would like to add further to this position. As this is a more risky trade due to chances of gap downs caused by offerings etc I’d recommend you are careful with your sizing. + +&#x200B; + +HOL – Holicity Inc merging with Astra. Astra is a small payload rocket company who’s business model is to make space more accessible. They plan to do this with their mini rockets and have already completed a successful test flight. They plan to start carrying commercial cargo in the summer of 2021. Yesterday saw this recover to all time highs (the merger has only been announced 3 days). I will be looking to add if $19 holds and we see a decent amount of volume. This will be my final add where I’ll leave it to run. + +NIO – Nio inc has been in a tight downtrend ever since it’s high on the 11th Jan after the gap up from NIO day. We found some nice support along the $55 region and are now starting to compress and get some tight price action. As long as we hold the $56.70 range it could provide a good day to get a start position for a daily range breakout. + +&#x200B; + +XL – XL fleet corp: XL Fleet Corp. provides vehicle electrification solutions for commercial and municipal fleets. Its electric drive systems increase fuel economy and reduce carbon dioxide emissions. It’s quite a strong play in the EV sector. We had a very strong rally into highs of $35 region thanks to a tweet from Citron research who went bullish on the company. Ever since the blow off we’ve held between $19 and $20 for nearly 6 weeks. Recently we have been making higher lows on the daily which shows are buyers are stepping in and accumulating at slightly higher prices. We’re looking to get a position today with a SL at $18 where I intend to wait for a daily breakout. Upon the breakout I will be looking to add to the position and move my original entry to a SL of break even (reducing my exposure). + +&#x200B; + +CHWY – Chewy is a pet E-commerce store that’s been smashing it’s guidance and built up a very strong reputation. As you can see from the daily the price action on the daily is getting extremely tight with strong support in the $100 region. A break of $108 on volume could begin a daily break out which could then turn into an ATH breakout. I’ll be looking to get a position of we break and hold the $108 region. + +&#x200B; + +RIOT – Riot Blockchain, Inc. engages in the provision of investment services to the blockchain ecosystem as well as manufacturing in-vitro substances. This is a BTC side play with yet again the daily getting extremely tight and dips getting brought. With the BTC chart looking like it’s ready to move higher it will cause a lot of these related companies to also move. A break of $24 on volume is a good confirmation for entry. +Hey all, I did some digging into Point72 today. I've been meaning to take a peek, since whenever Point72 is remotely discussed, strange things start happening (major forum sliding on Superstonk. Remember the lego thing?) + +That said, I found this gem in the SEC archive. It's a Form D filing (a sale of stock without the hassle of an IPO), dated January 29th, 2021 (great timing Steve). + +[ Jan. 29, 2021 Form D Filing, Point72 Capital ](https://preview.redd.it/6rrfeu6m18g71.png?width=1339&format=png&auto=webp&s=043d37f345d06bfcaab85e2094faf4cb8735204b) + + Now that begs the question - who's the one buying stock? And for how much? Look no further. + +&#x200B; + +[ We have a buyer - hello Shorebridge ](https://preview.redd.it/9qcl5s5p18g71.png?width=1329&format=png&auto=webp&s=e60cc10037f35e6a42424b76ef0a98f4fdbb7bd9) + + How much you ask? + +&#x200B; + +[ 5.3 billion in this one filing alone ](https://preview.redd.it/dt4j3n5s18g71.png?width=1355&format=png&auto=webp&s=9e90e167f2f380da497db839888d48b55b2c98d1) + + Okay, so we have a buyer, and we have an amount. Now, I've searched all 3 of the major subs for Shorebridge, and I haven't seen it mentioned. I took this opportunity to dig a little bit. Oh look - + +&#x200B; + +[ The Homeland of White Collar Crime ® ](https://preview.redd.it/rd9bko6u18g71.png?width=1185&format=png&auto=webp&s=d28a20bf053abafa722d49882e13b57ba58d3364) + +So.... what does this mean? I'm not entirely sure. Kinda hoping you guys can provide insight as you always do. Biggest takeaways for me - the \*timing\* (January 29th), the \*amount\* (5.3 billion ain't no chump change), and the \*location\* (Cayman Islands?? Could you be any less discrete). My novice opinion is that this may be a shell company, but I encourage people to poke holes in this. + +TL;DR- Point72 sold 5.3 billion worth of stock to Shorebridge Capital Advisors, LLC on January 29th, who are incorporated in the Cayman Islands. + +Edit- credit to u/throwawaylurker012 for this excellent info- "Hey OP stellar goddamn find! Thought this info might be useful as well for your post whether on here or super stonk! + +1. Saw someone else found the Douglas Blagdon name affiliated with the account. WaPo published Bloomberg's piece by Hema Parmar, Saijel Kishan, etc. on "Fallen Hedge Fund’s Head Among Investors Getting PPP Relief". They wrote in the article last July 2020:**"ShoreBridge Capital Partners, a firm that helped billionaire Steven Cohen raise money from hedge fund investors after a regulatory ban on him managing other people’s assets was lifted, got approval for a $150,000 to $350,000 loan on April 13. ShoreBridge founder Douglas Blagdon didn’t return messages seeking comment."** (Blagdon and Cohen are utter assholes for this btw, taking PPP loans during a pandemic.)*Source:* [https://www.washingtonpost.com/business/on-small-business/fallen-hedge-funds-head-among-investors-getting-ppp-relief/2020/07/06/c0f26cd6-bfee-11ea-8908-68a2b9eae9e0\_story.html](https://www.washingtonpost.com/business/on-small-business/fallen-hedge-funds-head-among-investors-getting-ppp-relief/2020/07/06/c0f26cd6-bfee-11ea-8908-68a2b9eae9e0_story.html) +2. You're right, they have those Cayman Island filings not just through the islands in general **but Ugland House, which was posted about not just by Atobitt** but also in a semi-recent TIL ([https://www.reddit.com/r/todayilearned/comments/k8ks9i/til\_of\_the\_ugland\_house\_a\_registered\_office\_in/](https://www.reddit.com/r/todayilearned/comments/k8ks9i/til_of_the_ugland_house_a_registered_office_in/)). It's marked on those SEC filings as "pooled/other investment fund" but declines to disclose issuer size (revenue range, aggregate net value). +*Sources:* [https://sec.report/CIK/0001729976](https://sec.report/CIK/0001729976) +3. **Seems incorporated in 2018**, with 1st share sale Jan. 28, 2018 (am I reading that right?) +4. By Feb. 2018 had 8 investors during a share offering of about 111 milly invested.By Feb. 2019 had 72 investors, in an amended filing saying now 568 milly.By Feb. 2020 had 98 investors, in an amended filing saying now 679 milly.**By Feb. 2021 had 108 investors, in an amended filing saying now 819 milly.**Guessing they file this amended filing every Feb, guess we'll see what happens by next Feb." (comment from DDintoGME) + +Edit2- OMG GUYS ITS WAY BIGGER THAN I THOUGHT THERES EVEN MORE MONEY +https://www.sec.gov/Archives/edgar/data/0001465991/000089914021000108/xslFormDX01/primary_doc.xml +Posting soon + +Final edit- More dirt on Point72 and ShoreBridge. + +https://www.reddit.com/r/Superstonk/comments/p0sysd/point72shorebridge_update_another_65_billion_on/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/Superstonk/comments/p0uh7w/deeper_into_shorebridge_and_point72_we_go_part_3/?utm_medium=android_app&utm_source=share + +JK FINAL EDIT 2 - Thanks u/GreedyJester for pointing out the cyclical nature of these deposits. Quote-"Looking at this Form D, [Shorebridge appears to be the broker](https://www.bloomberg.com/profile/company/1390781D:US) in this case (Item 12) and received $2,233,142 in commissions for sales (Item 14). + +Form D is an annual filing, for as long as the offering exists they must file an amended Form D (D/A) every year. [This offering started in 2018 and has been filed every year at the end of January](https://www.sec.gov/edgar/browse/?CIK=1461642) (Also shown in Item 7)." + +This pokes a clear hole in the timing part of my theory - I'm grateful. The amount and location part still smells funny, so I'm going to look in that direction. + +Thanks for the fantastic insight I was hoping for! +I'm curious what bond allocations people have in there portfolios. I have been told many times to use your age to decide when to have bonds, but do people actually agree with that? + +Especially when using target date funds, if I was planning to retire, but still had a 12+ year time horizon I can't decide if having a massive portion of bonds is a good idea. + + Please post ETF used (if any) and reasoning in comments. + +Edit: Whoops! title typo + +[View Poll](https://www.reddit.com/poll/skula1) +I just found out that my friend killed her self. I’m completely devastated. During the covid crash, I saw countless stories on various platforms of people ending their lives due to the stock market crashing. + +I just want to remind everyone that this pain that we’re feeling in the markets right now is just money. This may not be the bottom, but markets will recover eventually. Your life is worth so much more than the negative dollar amount in your portfolio. I’ve also dealt with pain, anxiety, and depression so I know how it feels. Just keep moving forward. +# First of all, a note behind my thinking regarding sending my findings to the SEC and FINRA: + +Regarding: [https://www.reddit.com/r/GME/comments/mihbr1/i\_have\_contacted\_the\_sec\_regarding\_my\_findings\_of/](https://www.reddit.com/r/GME/comments/mihbr1/i_have_contacted_the_sec_regarding_my_findings_of/) if you missed it + +There were many of these comments: + +* 'they're not gonna do anything' +* 'they're in bed with the hedgies' +* 'now they're gonna halt trading and screw the squeeze' + +and while some may be from shills (last one especially), the first two are not an unreasonable sentiment to have at this point. Whether I agree or not is irrelevant, but I'd like to explain why I did what I did and will continue to do so: + +* It's not like they don't know what's going on. I don't think I'm the first person to find what I found, and it's not revelatory. This was about letting them know that we know, and that we're watching. +* It's about removing plausible deniability. I will continue to track this activity and to report it. Once you remove plausible deniability, only complicity remains. +* In theory, they do work for you, and to protect you. Given enough pressure exerted through media and your representatives, they cannot sit idle. They have to at least pretend to do something. +* All it takes is one investigator with a hard-on. In every institution, no matter how corrupt, there are sticklers, there are professionals, and there are people who will put their life on the line for truth and integrity. +* You are vastly underestimating your influence. On January 27th, did you think we'd be producing this level of research as a group? That'd we'd uncover huge schemes of corruption that have bled our world dry for decades? That we'd start uncovering it THE MOMENT WE DECIDED TO? None of us did. We are powerful far beyond our own understanding. The same goes for exerting pressure on those who should protect and serve you. You have no idea what can be done, because we haven't tried. + +Apathy towards institutions, the system, the establishment and democracy in general is understandable. One voice will be silenced. When thousands of people start pressuring their reps with concrete and coherent evidence, they cannot be ignored. Yes, the system is designed to give an illusion of working for you. But when you pressure it with such heat, they cannot admit it's not meant to work for you. + +# But what about the 005 DTCC filing? Isn't it over? Moon this week? + +* The 005 looks good, but how many times have you gotten excited about something for the chart to go +0.5%? +* It's not over until it's in effect and we start mooning. Until then, it means zilch. + +# 'The Game Did Not Stop' Project + +* Many of you asked for a professionally packaged piece containing my research that could be presented to the media, government officials, etc. +* Many of the you asked whether we could compile a summary of the most damning and evidence-driven DDs, as well as an outline for the whole story. +* Many of you asked me to contact investigative journalists or writers to pick this up. +* Someone wrote 'there must be someone here who writes for a living that can put this together'. + +Well...there is. + +And I'd love to do it. + +In fact, I have been making dozens of pages of notes and bookmarks to write a book about my own GME journey when this is done. + +Somebody suggested a particular writer that does investigative books that would own this subject. That's great. But that's not going to be the same as someone who lived it. Writing that book will be my main post-moon focus whether it moons tomorrow or in a year. + +For now, I know I could use my skills to package all that knowledge into a singular resource that dispels all the lies and manipulation, and sets out a data-driven theory of what's actually happening.A way to get the truth out of a 'Reddit echo chamber', and show the outside world, be it your relatives, your senator, the media, or Joe Biden - that this is not a cult, this is not a bunch of neckbeards thinking they're the protagonist in an anime, this is a community of professionals, long-time investors, and other reasonable adults from all walks of life that set out on a quest to find the truth when they've been screwed, and every institution in the world who's meant to protect them, abandoned them. + +# Why I think this is the way + +We have excellent minds working in unison here. We all have a particular set of skills. We are all Liam Neesons. We are what the internet was meant to be - collaborative, supportive, trying to help everyone up instead of keeping them down. However, we are currently confined to somewhat of an echo chamber. That's not our fault, it's how the internet works right now. + +This is why I believe that a comprehensive but easy to understand and compelling summary of the most damning and evidence-based DD must be created and distributed to everyone that is meant to protect and serve you, in government, in law enforcement, etc. It must be distributed to journalists and activists alike. If you want official petitions to get going, it needs this. If the rug gets pulled again, and you want to set up a class action - it needs this. + +We have already shown that we are powerful and competent beyond our wildest estimation. We have rearranged our internal worlds to make space for this, to understand, to learn. We learned, we investigated, and we are onto them. + +It's time to start affecting the external world. We could have a signed confession from Kenny G but it doesn't matter if it never gets outside of Reddit. We all have voices and connections. After my research went live, it turns out two of you live next door to FBI agents/directors(!), several of you work in the press, and someone even had an email I could use to reach John Oliver. It's incredible. We all have ways to affect the world in our own little way. + +Right now however, our message is scattered. If it was comprehensive, coherent, and polished, it would be endlessly more difficult to dismiss and ridicule. + +We are not crazy, we are not delusional, we are consistently reasonable, conservative, and collaboratively expanding our shared knowledge and understanding. We help each other, big apes explain to smaller apes, it's actually pretty incredible what goes on here. You all have a right to feel great about what happened here regardless of final outcome. + +# About me - You decide whether you want to put the trust in me to do this work: + +* I hold a degree from the London School of Economics in a non-financial subject. As you may or may not know, that's a prime breeding ground for the City of London banks, corporate management, and future heads of state. I have rubbed shoulders with the slimiest of them, and I profoundly understand the callousness and arrogance of those who think they are entitled to the whole world. Luckily, while I was there, I also learned I am not any less capable than any of these MFs. +* I made my living as a copywriter, marketing exec, and brand strategist for 7 and 8-figure companies. Every thing you can think that a company would create to promote themselves, I have done, as well as commanding these things on a macro level. I've been been the youngest person in a boardroom by a margin of 25 years, telling them the approach they used for the last decade is wrong, and convinced them. +* I have project managed and edited the publication of 150+ pieces of long-copy content a month. I have had weeks where I wrote 120-150 thousand words of original content. I have ghostwritten for international-household-name publications. I have ghostwritten Master's theses without holding one myself. I have written and composed eBooks up to 120 pages in length. +* Obsessive research is my fuel. My approach always was 'Writing is easy, you are paying me to understand your business.' I have developed a meticulous research method that allowed me to crunch and understand 7-figure companies in less than 1 week and construct whole new brands in 2. +* When not scrambling to post data asap to you apes, I am a competent and captivating storyteller due to another activity that I'd rather not discuss as I might as well just doxx myself. +* The best topping on a baked potato is bacon. + +# My situation: this is not a sob story, this is for full disclosure. This is my GME story and how I ended up here. + +* I live with a disorder that makes it hard to regulate emotions, especially stress. As a result, I suffered a minor breakdown and depressive episode after the January crash. I got FUDded. It worked for a little while. It wasn't about 'losing' money - it was about the fact that I've been taken for a fool. I was vaguely informed back then, at best, I admit. But I have never been fooled like this. I've never even believed or invested into a 'sure thing'. I gambled once for 5 minutes when I was 8 years old with Pokémon cards, lost, and I hated it. I am cynical and skeptical beyond measure, but from what I could see, GME was the surest of things. And yet, something else happened. Since then, I have set out on a personal quest to at least confirm that I made the right decision given the available data, and that there was fuckery here. I've never had a problem with admitting I am wrong or made a mistake. The problem here was, there was no credible data apart from the Marian Trench in the GME chart to suggest that this was a mistake. The FUD started becoming too intense and desperate to be credible. When I was 18, I bought watches at police and repo auctions, and would sell them on eBay. After a while, I flipped up so much, I put 50% of my capital into a Rolex. The first time I wound it, the catch for the spring snapped, and it unwound breaking all the fine cogs off the gears. Do you think somebody gave a crap? Do you think somebody told me: 'You better sell it before it gets more broken!'? None of these hedgecucks would give a damn about someone losing money if they just made some. I know exactly how much it costs to get an article written for one of those publications. They were incessant, and clearly had editor guided bias. It was not squoze, and it was not over. +* The next few weeks were spent learning about GameStop, Ryan Cohen, and averaging down. I realized this guy was a massive stud, and I'm going to get tendies squeeze or not. At $45, it was just too good not to Yolo. I pulled every spare asset and liquidated it - I sold my car to average down. Yup. My office is 7 metres from my bed anyway. I am all-in. I am in position that I will be paid handsomely, squeeze or just RC transformation. +* The same disorder manifests in the inability to focus on multiple things. I am able to focus on things that interest or I'm passionate about 19h/7. Once I get into it, I don't stop until it's done, it's solved, or I'm the best (if it's a competitive endeavour). I am not able to even attempt doing things that I've lost interest in, or things I'm being forced to do, or that I don't consider 'important' in some dimension. It causes me emotional and psychomatically-physical distress. My whole body fights against it if I'm not passionate about it. +* Due to this whole journey, I have completely neglected my business, and lost, or gave up 90% of my clients. It is what it is. It was either endlessly breaking promises, or a clean break. Once I am in something, I am balls deep. I don't have the time, desire, or willpower to engage with anything else. I had to figure out if I made a mistake, and if I've been cheated, then how. That is my nature. With my skillset, it's not really a problem to get clients, so I am not stressed over this long-term. +* However, I didn't plan to put myself out of work while following this rabbit hole and YOLOing my life's work to average down. I guess that came organically. +* That is the situation. + +The reason why I'm describing this is to give some perspective. Because I am fully aware that other apes here create god-tier DD while working their full-time jobs and staying in check. I am not able to do that. My conditions are a gift and a curse. Whatever I focus on, I kill. It's just if what I'm obsessing about isn't making me tendies in the short-term, I end up in hot water sometimes. For reference on hyper-focused I can be on the right things, the whole deep-ITM-call research and writeup took less than 8 non-stop-hours. + +A lot of you asked me privately or publicly what I need to continue researching GME, whether they could help, or said that you will contribute if I need it, or would love to buy me a beer for the work I've already done. This is why I've decided I don't need to feel shame about asking you for help. In my storied career in researching and writing, you guys have been the single most appreciative and supportive 'client'. This is why I have tried to list every relevant competence and factor that I could without outright doxxing myself - I am treating it like any other job interview. + +Right now, I would love nothing more than to keep working on the GME rabbit holes and start putting together a coherent, complete summation of this whole shebang. I have earned a lot of money for a lot of different companies, but I never felt that something I did was as important as this. + +I don't want to do this to feel important. I don't want to do this to be the face, the leader, or anything of this movement. I don't want to be a dubious YouTube celebrity. I actually have zero desire to reveal my identity until LONG after this is over, and all legal, financial and security matters relating to newly acquired tendies have been settled. I want to do this because I know there are many of you there that went through the same torment of self-doubt, of feeling crazy, or stupid, or taken advantage of. And some of you that went through that are not as fortunate as me to have the skillset and experience to bounce back into comfortable life if somehow these fraudsters wriggle out of this quandary.  + +I want to do this because you have been kind enough to show me that my skillset and character can make an immeasurable difference to something that can change the world forever. + +I just want to keep giving my all to this community, but while knowing my family doesn't have to worry about where the next rent is coming from while Daddy is looking at the numbers and charts on his PC until 6am every day. What I'm asking of you isn't really for myself, I can live another 3 months on McDonald's. It's for those who have been worrying about me. + +The amount that you will see as the Kofi target represents my family's living expenses, as well as my expenses for tools, data, separate gear and security measures for the next 3 months. Just for perspective, the amount I arrived at is less than what 100 hours of my time would cost a client. + +# What happens to the money if it moons before any real work is done? + +* I will 10x the money received and donate it to a mental health charity that I deem trustworthy pending some research. +* I will immediately get to working on that book, and send everyone that contributed a box of 10 to give out to all the people that ridiculed your investment - Here, educate yourself on why I'm a millionaire and you're not. +* In fact, I will send everyone that contributed a copy in any scenario! + +# The Ko-Fi link: [www.ko-fi.com/dejf2gme](https://www.ko-fi.com/dejf2gme) + +# Itemized Statement of Work, i.e. The Blueprint + +* Completion of the deep-ITM-call-anomaly thesis. Investigate, validate, and put into ELI5 terms the mechanism of what IS happening with the deep ITM calls. So far, I have shown there is undeniable fuckery afoot. If we are to press ahead with trying to publish in reputable publications and apply pressure to all possible LEO/regulators, I believe there is no room for error or misconstruing. I'd hate for someone's effort to go to nothing because they throw it out and discredit it due to a misconception or error. Luckily I have been contacted by some very smart Data Science apes that will be able to help get this right. I also want to take time to contact scholars and academic researchers for review. +* The other side of the story - married puts, and hiding FTDs in puts  to form a coherent picture of both sides of options being used to reset FTDs +* Polishing and publishing of an ELI5 document for the deep ITM calls and married puts to be picked up by investigative journalists, LEO, etc. +* First, assemble an ELI5 intro to all the terms, from the definition of short-selling all the way to the complex to preface the whole document. +* Working with mods and DD writers to assemble a chronological timeline of relevant evidence to form as complete a picture as possible. +* Working with DD researchers to assemble all the relevant indicators that indicate manipulation and their explanations. + +Possibly with more budget: + +* Engage my close associate who is also invested in GME and is an indie filmmaker / director / editor to create a visual presentation of this document. +Howdy y'all, + +I'm a 19 year old college student looking for some advice. I currently have a portfolio of about $1,300 on Robinhood. I'm focusing on dividend-paying stocks, and currently hold shares of + +T (7.92% of my portfolio), KO (16.05%), AAPL (14.94%), XLE (12.13%), XLF (2.16%), ET (5.71%), FFIC (16.28%) + +O (2.95%), & STAG (6.66%) + +I also have a few others just to capture some growth, but those aren't important for this. + +I know that there is nothing particularly spectacular about monthly dividend payers compared to quarterly, but I'd still like to increase my monthly dividend income. I think that if I buy into another REIT, 1 etf, and maybe get into some municipal bonds I'll be happy. + +Current REITs +O Realty & Stag. I own a very small amount of O Realty, but I definitely plan on adding more through dollar cost averaging over the next few months (that'll have to be my strategy, I'm a college student with a part time job, I wouldn't be able to dump a large amount in lol). + +I just bought into STAG and will receive my first dividend from them this month. I really like both of these, and plan on holding them forever and building up a large position. When it comes to my third REIT, I have no idea where to go. A lot of people I've talked with are pumped up about WP Carey, but I'm not 100% sure (someone change my mind?) and I think I missed out on the massive spike SPG saw this month, so I'm not sure I want to buy in now, and I'm not sure I'd want to buy in period. Does anyone have a REIT that they are super confident in? Any feedback is greatly appreciated. + +Monthly Dividend ETF +Alright, you guys already know what I'm about to say. SPHD. I've seen some hate towards SPHD from this crowd, but I think I like it. Anyone have a different Dividend ETF they like? Preferably it's a monthly payer, but I'd be fine with something else as long as there is a solid upside. + +Now, I've looked at MHI and I love it. Monthly dividend payer that yields 4.63%. Income tax FREE, baby. What do y'all think about me purchasing about 1-3 shares of MHI every paycheck (so anywhere from 2-6 per month) of MHI to slowly but surely increase my position size and increase my monthly dividend income? + +If you read through this, I appreciate it. If you respond, I appreciate it even more. I hope everyone is having a blessed day and that you're staying safe and healthy. +I applied for an Amazon pay credit card 2 days back and Kyc is scheduled to be in the coming Saturday. This is my first credit card and was wondering what are the chances of getting this card approved since I have no credit history. + +And in case it gets rejected what are some ways to get it approved again or any other card for online spends which easily approves my application? + + + + +Edit: It got rejected! The kyc appointment was scheduled to be yesterday but no one showed up and in the evening I got a text that it has been rejected. +I have an addiction of looking at my portfolio. I check for at leat 40-50 times a day. Sometimes I keep a tab open, look at bids and offers stupiditly. I know for long term it doesn't matter. How can I keep myself away from such things? +Mirae Asset emerging Bluechip fund has limited it's SIP value to ₹2500. What does this mean for a fund in general? + + +Here's a link to download the official addendum: + +https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/notice_limiting-inflows-through-sip-suspension-of-stp_maebf.pdf?sfvrsn=e0174fa2_2 +Throwaway account for obvious reasons. We’re fatFIRE in a solidly middle income neighborhood and everyone knows now given that wife doesn’t work and I’m mostly retired. My oldest kid (14 year old) has been stealing cash from his moms purse (large amounts) and when caught has the most ridiculous excuses eg says he used them to treat his friends to ‘pizza’. Other incidents as well but basically I’m concerned re someone pushing drugs/blackmailing etc. We have the usual parental controls on his iphone (bark) but it looks like most of this activity happens on Snapchat and other such apps. My wife has tried talking to him, we have a good relationship, no information. He sticks to his incredible stories (eg pizza for $2300) What are good fat ways you have found to keep your kids safe from this kind of stuff. Do we just have a hacker on retainer to surveillance his phone? The obvious one would be to move but we have connections to this area and that is not easily done +The golden age is upon us. DeFi autists behind UNIFUND $iFund is now delivering a working solution to 2x, 3x, 10x or even 100x your ETH. + +[On the Unifund platform, which I wrote about earlier this week:](https://www.reddit.com/r/CryptoMoonShots/comments/lzojtn/unifund_ticker_ifund_is_a_platform_that_allows/) it is possible for anyone with brain and a little bit of collateral to protect against downside loss, to create a fund. UNIFUND is a *Decentralized Cryptocurrency Mutual Fund Trading Platform for the open creation of trustless social trading groups.* + +**What does this mean?** + +Well, Right now there are several people, many of them bigbrained DeFi geniuses, who are offering to manage your ETH for you, and by collecting several peoples ETH in one fund, they can employ different strategies to earn money on DeFi. + +**Why is this better?** + +Well, if you have 1 or 2 ETH and want to try out 5 projects that each have a chance of doing 100x over the next month, you will have to do so many transactions that during high gas events on Ethereum can significantly cut into your profits + +Also, there are autists in this market who are just waaaaaay better at trading than you. Put your ETH in their collateralized hands. + +**But couldn't I lose my ETH?** + +Yes, that risk always exists, however on Unifund, your ETH is backed by deposits in $iFUND, which protects against downside risk. Read more at their website. + +There is always crazy risk, this is DeFi, but if you don't ape all in on one project or fund, you're probably going to be OK. Basically, this is what we were promised by #DeFi, a way to build a trustless mutual fund, able to leverage pooled money and increase the rewards, reduce transaction fees, and let small fish come together and be sharks. + +Unifund is the reason that in 20 years there will be no such thing as **Vanguard**, **Fidelity**, nor **Franklin Templeton. The future is trustless decentralized creation and management of wealth.** + +[https://www.dextools.io/app/uniswap/pair-explorer/0x0054c61a19e307ddd3ff81746487d7526f8c4a76](https://www.dextools.io/app/uniswap/pair-explorer/0x0054c61a19e307ddd3ff81746487d7526f8c4a76) + +[https://unifund.global/](https://unifund.global/) + +[https://t.me/UnifundGlobal](https://t.me/UnifundGlobal) + + +EDIT: +This project is governed by the governance token iGov: +[https://www.dextools.io/app/uniswap/pair-explorer/0x224c3b02b3648f923501b6a3eca3ef6e36347d08](https://www.dextools.io/app/uniswap/pair-explorer/0x224c3b02b3648f923501b6a3eca3ef6e36347d08) + +Good morning /r/personalfinance, + +After screaming into the wind over in /r/news, I thought I'd come explain to you why the Reserve Requirement Ratio being set to 0% doesn't matter for you. There seem to be some significant misunderstandings about what it means, what the Reserve Requirement does, and how it affects consumers. + +First, the Reserve Requirement is the amount of cash (or cash equivalents) banks must maintain on deposit at the Fed. This money is used to settle interbank transactions and to encourage banks to maintain a certain level of **liquidity**. + +Second, if a bank's reserve account is below the limit set by the Fed, they simply borrow from other banks, overnight, at the Fed Funds rate. Banks with excess reserves will lend money to other banks with insufficient reserves at the Fed Funds Rate. On balance sheets, these are recorded as Fed Funds Purchased and Fed Funds Sold. When the Fed Funds Rate is 0% (like it is now), banks can effectively borrow from each other for free (realistically, almost free, since they'll still pay a few basis points). If the banks can't borrow from other banks (due to credit concerns, for instance), the bank can borrow directly from the Federal Reserve at the Discount Window (which currently has a rate of 0.25% for primary credit and 0.75% for secondary credit) to maintain adequate reserves. Setting the reserve requirement to zero, simply means bank's won't need to borrow from the fed or from each other at a very nominal rate. It essentially eliminates a small expense for banks while greatly reducing accounting transactions and interbank liabilities. + +So, what does this mean for the average depositor? + +**Nothing**. + +Just because banks don't need to keep liquidity at the Fed, doesn't mean they *won't*. They just don't need to incur an expense if their liquidity levels dip below the prior rate of 10%. Banks are also required to maintain Contingency Funding Plans (Funding and Liquidity Risk Management -Interagency Guidance) that creates a framework to ensure they maintain sufficient liquidity levels in times of stress and have sufficient contingent liquidity sources to meet their needs in those specific times of stress. + +Additionally, large banks are subject to the Liquidity Coverage Ratio, which is a requirement of Basel 3 (which are basically international banking accords). This requires Large Banks to maintain sufficient liquid assets to cover 1 month of out going cash flows. + +>Will this cause my bank to fail? + +Unlikely at this point. Compared to the 2008 crisis, banks are better capitalized, have better liquidity risk management processes (including the above mentioned contingency funding plans), and hold higher levels of liquidity. Banks are in a better position to defer borrowers, allowing them to recover before they become past due. + +>Does this mean bank's can lend an unlimited amount of money? + + +No, *No*, **No,** A thousand times no. This is the biggest misconception I've see (and honestly, the entire reason for my post). A reserve ratio of 0% does not mean banks can lend an unlimited amount of money. It means they can lend 10% more money (at most). Think of the reserve requirement as the minimum you need to maintain in your checking account before you start incurring maintenance fees. The Fed has simply waived that balance requirement and is waiving all the fees for everyone. + +>But what about Fractional Reserve Banking? Doesn't that mean bank's can lend out money they don't have? + +No. Per accounting rules, banks can't lend out money they don't have. For every dollar of assets (loans, investments, cash, etc), they need to have $1 in liabilities (deposits or loans)) or capital equity (surplus, retained earnings, etc). + +IF a bank has $100 in liabilities/capital, the bank must have $100 in assets. If a bank has $200 in liabilities/capital, they must have $200 in assets. There's a reason we call the balance sheet a balance sheet. Because it needs to **balance**. + +Further, banks are constrained by their Capital ratio (Assets divided by capital). This is part of Basel II, Basel III, 12 CFR 3, 12 CFR 6, and various parts of interagency guidance. Leverage ratios are around 9% for Large bank holding companies, and 10% for other bank holding companies (https://www.federalreserve.gov/publications/2018-november-financial-stability-report-leverage.htm). This means banks are leveraged about 10 to 1. This is much different than the financial crisis when it was closer to 20-1. (5%). And certainly much higher than Lehman Brothers, which had a leverge ratio of 31-1 (or 3.2%). + + +I hope this effectively explains why the reserve requirement going to zero doesn't matter for you. + +Recommended Reading + +https://www.thebalance.com/reserve-requirement-3305883 + +https://www.frbdiscountwindow.org/ + +https://www.occ.treas.gov/topics/supervision-and-examination/capital-markets/balance-sheet-management/liquidity/index-liquidity.html + +https://www.fdic.gov/news/news/financial/2010/fil10013.html + +https://www.investopedia.com/terms/l/liquidity-coverage-ratio.asp + +https://www.federalreserve.gov/publications/2018-november-financial-stability-report-leverage.htm + +**TLDR**: Removing the Reserve Requirement does not allow unlimited lending, eliminates the need for short-term borrowing despite the current nominal cost. Banks have other liquidity and capital constraints. +I’ve been thinking about creating a scholarship to our local community college in my grandfather’s name. He has followed their basketball program for years, attended most of their home ballgames, etc so something sports related would be ideal. + +As the donor, I’m curious how this works. Is it a one time lump sum gift or recurring commitment, etc? Do I get to set the criteria, etc? Should I make it sports related? I don’t necessarily want to comb through applications. Does anyone have insight or experience? +Most people are just hiding from the truth + +The market has literally been fucking shooting upwards like we’ve never seen before without any healthy correction. We’ve created so much money out of thin fucking air it’s ridiculous. The amount of Money we’ve created in the past year relative to total circulating dollars is absurd. + +Not even a massive bear but holy shit you guys are like too naive to even see beyond the next market open - do you realize how stupid this is? This is a fucking bubble. When money starts to move out you’re not gonna know what hit you because you’re too busy looking at the next 5 minutes. + +It will happen, and when it does, most of you - not all - will have the rug pulled out from underneath you and fall right on your asses because you were to near sighted and haven’t read any history about any time prior to the year you dumbasses graduated high school. + +What’s happening right now in the economy is your childhood wet dream of eating your cookies without finishing your broccoli. Everything comes with a price - what would be childhood obesity and a heart attack at 30 in one case is equivalent to having the rug pulled out from under you and going broke in another. But hey at least you’re living that childhood dream for now + +It’s fucking coming - could be tomorrow, could be another 6 months but holy shit is it coming + +Edit: since more than half of you have never bought your own groceries, just ask your parents if the prices have been going up over the past year (this is where experience comes in) + +Edit 2: For those confused what what might happen to money once it leaves the market look into precious metals. Don’t take anyone’s word without doing some research. Actually do some research on gold and silver - there’s a reason why these assets have outlasted fiat currency and the only money that have actually stood the test of time for thousands of years. The American empire is just a couple hundred years old; our fiat even less - look to assets that have endured the test of time (60 years isn’t long) +I have been thinking about how to deal with money managment for quite some time. One of my colleague has a system where he manages three bank accounts. As soon as his salary comes in ICICI, he transfers certain amount to his HDFC account( Emergency Fund ), certain amount to his SBI Account( Saving and Investment) and rest in his ICICI bank for spending. + +I really like this method as it becomes easy to track inflow/outflow. I am quite curious to hear about how other methods you use manage money? +As of Dec 17th, the **XRT** is now on the NYSE Threshold Securities list. + +**Mods:** This is not brigading, the XRT is highly relevant to GME. + +GME and the other ETFs containing GME do not appear to be not. The XRT was not on the list the day prior, Dec 16th. This marks Dec 17th as the fifth day the XRT has exceeded FTD threshold limits. + +[NYSE Threshold Securities List](https://www.nyse.com/regulation/threshold-securities) + +**XRT SPDR S&P Retail ETF** + +Also the *brand new* **Roundhill MEME ETF!** + +&#x200B; + +[Hello XRT!](https://preview.redd.it/0i6oet1ynd681.jpg?width=1560&format=pjpg&auto=webp&s=3f72c8b08158e3f067fc5e8bc3ec12cecc14f18d) + +**Shares outstanding:** 7.3M + +**0.5% of shares out**: 36,500 (min condition to get on the list for XRT) + +"When a security appears on the threshold list. **It will remain on there for a minimum of 5 days**. The aggregate amount of FTDs need to go under the threshold for at least 5 consecutive days. This means even if you close out all threshold FTDs but an equal number of new ones pop up the same day then the aggregate is still the same and the FTD number is still higher than the threshold. + +*FTDs that started the list are already on 5 days when the security pops up on the threshold list.* ***If they stay on the threshold list for 7 days, they will need to be automatically closed out*** *or the broker and it’s associated market maker can not mark sales as short until they are cleared. Therefore, we see auto closing out by market makers so they can continue shorting.* + +*FTD's that pop up while a security is on the threshold list have T+13 days to close out those positions or be blocked from shorting. New FTD's that pop up while the security is on the threshold list has to abide by the T+13 settlement cycle and can not revert to the T+35 consecutive day cycle."* +Today I got a letter on my door from my landlord stating that I had not paid my rent this month and now owed $1320 including a late fee. + + +I knew I paid rent in full on the 1st so I put in a phone call to my landlord to figure out what happened. While I was waiting for a phone call back I was surprised that I was not panicking, which I definitely would have had it been last year. But I realized I still had enough money in my account to pay rent again if the worst case scenario we’re to happen (they lost my rent payment and I had to battle it out with the money order company to get a refund). + + +I would have been okay and not struggling and able to pay rent again and pay the bills thanks to this sub. It was such a freeing feeling to know that I have saved enough to cover for situations like this. + + +Thankfully the landlord called me back and told me they found the rent and had meant to put that notice on another tenants door. So it ended well but made me appreciate my now good money habits. +I’m considering trying to buy a 3-4 unit place where I can live in one for free or cheap and rent the others out. Been looking for a few months and don’t understand in what world any of these are a sound investment. Found one that looks to be in good shape in a decent neighborhood that’s $3.1M for 4 units. Monthly overhead is nearly $20k at that price, and each unit probably rents at $4k/ month or less. Why would anyone buy that? I would need it to be priced ay closer to $2M for it to make any financial sense. What am I missing here? +After about four months of trying it’s become evident my real estate agent just isn’t cutting it. I’m a first time home buyer and went with someone I know from my work and I now regret that. She doesn’t go to showings with me and she doesn’t seem to have a realistic approach to finding me a home in a competitive market as I haven’t even gotten close to having a good offer. + +I want to try someone new. We never signed a contract but I don’t know the best way to get rid of her. Should I just text her saying I no longer want to work with her? And seeing as how she has put in a good amount of work over the past 4 months, should I send her some sort of compensation for her time? I feel bad knowing she gets no compensation since she has done a decent amount of work for me. She’s just not the right agent for what I need. +So, yes I know "coin goes up, coin goes down". We seem to have taken a bit of tumble these last few hours. Curious if there was trigger. Not on Twitter, so I tend to need to ask around. Thanks. +https://www.banking.senate.gov/public/_cache/files/d6c0f0b6-757d-4916-80fd-a43315228060/A2A6C1D8DDBB7AD33EBE63254D80E9E3.giancarlo-testimony-2-6-18b.pdf + +https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf + +Source :https://twitter.com/TusharJain_/status/960614899499053056 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +It is obvious that Asmongold has formed preconceived opinions about Crypto, NFTs and all digital assets. It shows that we need to expand our efforts to educate about what GameStop is attempting to do along with their partners. + +**Loopring**: The goal of Loopring is to make secure digital payments and fix the fraud riddled stock market by creating decentralized exchanges. This will be THE technology to fix the problem with counterfeit stocks by creating tokenized securities. They are going to replace fake digital stocks with non-fungible stocks. This will allow actual ownership in actual companies. + +**ImmutableX**: Like Loopring, they are working to create ownership for things that you currently cannot actually own. You spend money on digital downloaded games, in game items… etc. ImmutableX’s goal is to give you the ability to sell and trade things that you already spend your money on. If you have bought a digital game, you don’t own it. ImmutableX’s goal gives you rights to the game you buy so that you can sell it, if you want along with other game assets. + +To be a **Twitch** streamer and have no understanding of this is stupid. + +EDIT: I want to elaborate on this a bit more. I watched Asmongold for an hour or two absolutely go and destroy things one after the other. He had more than 100,000 people clicking where he wanted every 5 minutes. A lot of people are saying *'Who is this?'* or *'Why should we care?'* the very reason is that these are the type of people that we need to understand, educate and help spread GameStop's plan because as gamers it benefits **them**. + +If this person, as a World of Warcraft gamer, knew what ImmutableX could unlock for him (as an example) it may change his mind. Imagine all the hours spent playing that game, the thousands spent supporting something they like. If they were able to say at the end of the day they actually owned the in-game items they worked for and could sell them? They might see things differently. Imagine what someone with 2 million followers and 100,000+ people dedicated enough to click pixels for them could do if they understood Direct Share Registration? If they could understand and see the corruption that GameStop is up against? It could be a whole new wave of support. + +It does not need to be Asmongold in particular, but gamers in general. They need to learn about what is going on and what is happening with GameStop. We need to better increase the education about GameStop and their partners. +I’ve posted numerous times and have always received great advice, so I want to say thank you in advance. So 2 years ago I separated with my wife and moved back to my home town with my mother/sister/grandparents because I needed help with my kids. I was unemployed and incredibly depressed, I took a job making $13 an hour, and I received a couple of raises and promotions for working hard and what not. Last may after a bunch of great advice from this sub I’m now making close to $50k a year (with over time). Because we live with family we don’t have many living expenses, and over the last 2 years I’ve paid off over 25k of debt, my credit score went from 590 to 720, and my only remaining debt are my federal student loans. My emergency fund is at about 3 months, and I have over 10k in credit cards if ever needed. To be honest I’ve been spending money kinda frivolously because I was going through a divorce and now because she passed away (retail therapy I guess). + +Because of her passing we’ll now receive about 1k a month in survivor benefits, and I don’t know how to plan for that. I could very quickly save up to buy a house right now, but I don’t know if that should be a priority because to be honest I still need help with my children, and there are so many other living expenses I’d absorb. Also we currently live in a suburb and I don’t know if I could afford to live in the area and keep my kids in the same school. Part of me feel like I should just leave that money separate and start college funds for all my kids. Also I’m 33 and don’t have much saved for retirement. My 401k isn’t even a year old and I’m only contributing 5% a month. + +I’ve made a ton of steps in the right direction, and I want to stay on track. Any advice would be appreciated. +You read that right. Retail doesn't own the float. Superstonk doesn't own the float. Whatever "we" you want to consider, doesn't own the float. + +Does that make you uncomfortable? Because it should. + +Over a year ago, projections and estimates garnered from various polls suggested that retail owned the float several times over. The numbers seemed conservative and sound. Tits were jacked. Memes, posts, and comments resounded with the claim, with the *certainty*. + +But this was in the midst of learning that our shares were not owned in our names, and we reserved few to no rights pertaining to ownership. We discovered the power of DRS and how to truly own our purchase. + +Now, about 60% of the free float is truly owned by retail. + +**The rest of you own nothing.** You are the supplicant holders of the DTC's IOU certificates. You cannot with guarantee vote your shares, only suggest that your broker do so. You are not eligible for dividends in their unequivocated form, unless decided so by your broker, if even possible through them. And you hold forward on the risk that you may not be able to redeem your IOU through a trade of your choosing; Dr. Trimbath has warned of this, and it is precedented. + +What you have purchased is a stand-in-line ticket to the show that the real share owners are already taking their seats for. The mic checks are starting, the spotlights are warming up, and you are standing outside in the cold on a hope. + +Soon the world will see the success of our concert, and millions of people will begin to purchase the real tickets to other, lesser shows. Will you look back at the moment history was made, and recall the fracas heard from the parking lot? Or will the glory of the prowess you put forth to affect our very system of investing be forever seared on your soul as you own the triumph of our times yourself? + +Until such a time, no, retail does not own the float. + +And when that time comes, whether sooner or later, is directly dependent on retail's desire to own their purchases. + +Hope to see you at the show! + +# DRS +A little background... 44F/single/no kids. HCOL with $2.6M LNW and renting (though plan to buy a home in the next year or so). + +For the majority of my career I was in the corp world making $150-170K. Several years ago I left and started my own business in the digital media space. The first few years I made nothing (and burned through savings to stay afloat), but in the last couple of years my biz has grown significantly. Last year I paid myself \~$1M and this year it will likely be \~$1.5M (I have one other full-time employee). So my wealth accumulation has been quick and recent. + +I'd like to think I'm a fairly smart person, but as the saying goes... a smart person in one thing does not make you a smart person in all things. And while I'm a good saver, investing has definitely been my weakness. As more money came rolling in this past year I started asking more questions of my financial advisor (previously I was very hands off, I sent him a check a few times a year and he invested). As long as my money was increasing I didn't question much. But when you have more money to gain/lose you start paying more attention. + +I first learned of FatFIRE about 6 months ago and have been avidly reading (then researching) so much information from these threads (on a diff account). Thanks to all of you, I now understand that my current FA is a fee-based/commission advisor (it was a family friend recommendation) and my portfolio is not ideal for me. Case in point: I have two indexed universal life insurance policies (yep, with no kids/dependants) and two annuities. I know, I know. Of course, they were "sold" to me as investment vehicles for tax-free money on retirement and I had no idea my FA was making a commission on them. Ugh, I feel a bit bone-headed, but lesson learned. I'm now in the process of unraveling/re-allocating those funds and paid a fee-only FA a one-time fee of $2,500 for an assessment of everything + recommendations. + +My FatFIRE goal is $10M at 50. If everything keeps chugging along, I should make that purely off salary, and my biz is valued at \~$5M (though I don't know yet if I'd sell or get someone else to manage it and continue to pull semi-passive income out of it). + +My investing learning curve has been pretty vertical, so I'd love to hear any mistakes you've made and/or lessons learned along your journey to FatFIRE. Anyone else with some "doh" bone-headed mistakes? I'd love to avoid stepping in more piles of crap, especially given my short timeline to retirement. And if you have any other advice for me, I'll take that too. Thanks! +https://www.bloomberg.com/news/articles/2020-05-22/millions-of-ppp-loan-forgiveness-requests-about-to-rain-on-banks + +Banks are preparing for a flood of applications for loan forgiveness under the U.S. Paycheck Protection Program, marshaling staff to help borrowers navigate a complicated process that recalls the fraught early days of the Covid-19 small-business relief effort. + +Companies that received PPP funding in early April can start to submit forgiveness applications at the end of May. Lenders will have to help them sort through a detailed application document, complete the paperwork and get it to the Small Business Administration for approval. Banks made about 4.3 million PPP loans for a total of more than $500 billion, and the program allows every borrower to request forgiveness. +I have a contract that was just signed by the tenant yesterday. Security deposit and 1st month's rent has already been paid. + +The tenant is causing so many issues already. Wants the place to be ultra cleaned (called and bitched at 10pm because there was dry water marks inside the dishwasher and water stains underneath the sink cabinets) and now is complaining that the condo needs to be repainted and wants me to pay for half. + +It hasn't even been 24 hours. They are not moved in yet. The condo is still empty. + +Is there a way I can cancel this contract without being sued? +when i call WF, i can’t get to anyone who knows anything. What department do I look to speak with? + + +short backstory- grandpa died 25 yrs ago, my aunt is going through some boxes of old papers and came across a typed ledger tht had all his grandchildren’s names and account numbers for Interstate bank of Nevada. + +she sent me the info next to my name- how can i collect on this account? does it still exist? +I posted this yesterday after close and it got less traffic than DRS ring images yesterday so I'll try one more time. It's a bit of reading but it's worth understanding. + + +Here's [Goldman, BNY Mellon and Citadel dancing together](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) + + +Here's a [Goldman/Citadel related defunct exchange trading $GME puts](https://www.reddit.com/r/Superstonk/comments/pauf6x/found_connection_between_todays_movement_and/) + +That exchange [lit up again, spoofing](https://reddit.com/r/Superstonk/comments/qc26b2/spoofing_right_around_cs_buy_time/) + +Citadel has [a direct connection with EDGX](https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/) where that originated from. + +Citadel has been fined for spoofing before, [It's why they were kicked out of China for 5 years](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> ***The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices.*** It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks. + +Note: Citadel was using algorithms to spoof and to make the market super volatile. + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> [The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices. It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks.](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + + +Here's a *different* defunct [Goldman and Citadel exchange popping up to do wash trades](https://www.reddit.com/r/Superstonk/comments/psl6cj/drctedge_exchange_owned_by_citadel_goldman_sachs/) + +It is known that [BNY Mellon turns a blind eye to this behavior](https://i.redd.it/4rsmlzn90vu71.jpg) + +Here's how Citadel and Co are [internalizing retail orders like Madoff](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) which led to FTDs from internalizing orders (see page [35 of SEC report](https://www.sec.gov/news/press-release/2021-212) ) + +Here's [Citadel telling you they internalized the hell out of that day](https://mobile.twitter.com/citsecurities/status/1442629361958637568) + +&nbsp; + +Goldman Sachs is [the clearing broker for Citadel](https://www.reddit.com/gallery/meov7p) "and in that capacity may have custody of funds or securities of Citadel Securities LLC" + +&nbsp; + + Citadel got so big... [by buying Goldman's DMM business after it merged with another.](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html) + +> Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE). + +> IMC has been a DMM on the NYSE since 2014, when it acquired Goldman Sachs' DMM business. Since 2014, IMC has expanded its market making operations with an increased focus on ETFS and options and has also increased its U.S. operations almost two-fold to nearly 400 people in support of its trading operations growth. The sale of the DMM business at this time, which represents a small portion of its overall U.S. operations, is consistent with IMC's growth strategy. IMC is committed to growing its ETF and options business, as evidenced by its ongoing performance as a Lead Market Maker in over 150 ETFs and a Lead Market Maker in over 500 Options classes, as well as registered market maker in all products it trades.   + +&nbsp; + + +I also want to point you to an old lawsuit [where Citadel was just not closing out FTDs,](https://www.reddit.com/gallery/qd1wme) sound familiar? + +And a [second Citadel lawsuit](https://www.reddit.com/gallery/qd27v5) where they just *don't report short positions, and cover their tracks by marking a few longs as short...* + +&nbsp; + +Oh and ***guess who was giving loans to Robinhood in January*** Aka you can't fulfill the DTCC margin call so come up with something else like PCO + +> [Robinhood’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg.](https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult) + + +JPMorgan and Goldman are [prime brokers for Melvin who started the shit in January.](https://www.reddit.com/gallery/qcgfwm) + + Right [before the PCO day](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) + +Now go [reread this conversation with that context](https://i.imgur.com/CFw37Im.png) + +What exactly were Goldman and Citadel doing [with this company](https://imgur.com/a/VDeKsIv) + +&nbsp; + +*** + +Now on to Archegos. + + [Goldman, Morgan Stanley Sued Again Over Archegos-Tied Sales](https://www.bloomberg.com/news/articles/2021-10-21/goldman-morgan-stanley-are-sued-again-over-archegos-tied-sales) + +> Goldman Sachs Group Inc. and Morgan Stanley were sued by shareholders of a Chinese online-education company that accused the banking giants of trading on inside information when unloading the stock they held for Archegos Capital Management. + +Melvin and Citadel underwriters *at it again.* + +&nbsp; + +Credit Suisse were [hiding 540k GME puts](https://www.reddit.com/gallery/otzu3e) in Brazil via [BNY Mellon.](https://imgur.com/U1smdwe.jpg) [(Archegos anyone?)](https://www.credit-suisse.com/articles/media-releases/2021/07/en/archegos.html) *(Goldman and Morgan Stanley 😆 at you)* + + +You can see [their website here](https://servicosfinanceiros.bnymellon.com/AppPages/investimentfunds/funds.aspx) + +One of those Credit Suisse funds disappeared in the last 4 weeks and now they get [fined for corruption huh?](https://www.sec.gov/news/press-release/2021-213) + + +The ones that Bloomberg said ["are just a bug and have been addressed"](https://www.reddit.com/r/Superstonk/comments/oxv148/brazilian_puts_bloomberg_says_they_were_a_bug_and/) + +Suddenly a [Brazilian bank has a ton of puts?](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/) Surely a big coincidence. + +The other Brazilian company hiding puts [BNY Mellon also is administrator of](https://imgur.com/Hl1MFPm.jpg) like the assholes have a 'get out of reporting by hiding in Brazil' service for a fee. + + +And it's known BNY Mellon hides shit from their books and reporting. + +> An SEC investigation found that BNY Mellon deviated from regulatory capital rules by excluding from its calculations approximately $14 billion in collateralized loan obligation assets that the firm consolidated onto its balance sheet in 2010.  + +> [BNY Mellon never obtained Federal Reserve Board approval as required under regulatory capital rules to exclude the assets from its calculations.  Due to the miscalculations and the firm’s lack of internal accounting controls to ensure its financial statements were being prepared properly, BNY Mellon understated its risk-weighted assets and overstated certain risk-based capital ratios in quarterly and annual reports from the third quarter of 2010 to the first quarter of 2014.](https://www.sec.gov/news/pressrelease/2017-9.html) + + +&nbsp; + +I think [Pablo might know something](https://www.citadel.com/leadership/pablo-salame/) as he + +> is Head of Global Credit at Citadel, responsible for leading the firm’s developed and emerging market credit strategies and convertible arbitrage activities. He also serves on Citadel’s Portfolio Committee. + +> Prior to joining Citadel in 2019, Pablo worked at Goldman Sachs for more than 22 years, most recently serving as Co-Head of the Securities Division for 10 years. His previous roles include Head of European Equities Trading, Co-Head of Global Credit, and Global Co-Head of Emerging Market Debt. He began his career working for Citicorp. + +[This guy too](https://www.bnymellonwealth.com/profiles/leadership/avi-shua.jsp) whose puts are those huh? + +> Avi Shua is the Managing Director and Chief Information Officer for BNY Mellon Wealth Management. In this role, he is responsible for technology strategy and implementation for the Global Wealth Management business.   Avi is also a member of the BNY Mellon Technology Executive Committee, as well as the Wealth Management leadership team. + +> Avi joined the firm in 2018 and has more than 27 years of industry experience in the financial services sector. Prior to joining the firm, ***Avi served as Global Head of Private Wealth Management Technology for Goldman, Sachs & Co.  During his tenure at Goldman, Sachs, Avi held senior roles in the investment, merchant banking, asset management and commercial banking technology organizations.*** + + +&nbsp; + +Pretty obvious when Kenny is [flying to Burlington, Vermont. Spent only a few minutes on the ground before returning to Teterboro](https://www.reddit.com/r/Superstonk/comments/pvelk4/update_on_mayo_force_one_movements/) what he's up to + + +Burlington is [home to Goldman Sachs Asset Management.](https://www.gsam.com/content/gsam/us/en/advisors/resources/advisor-resources/dcio.html) + + +&nbsp; + +And *all of that* doesn't even touch on [BNY owning Dreyfus](https://en.wikipedia.org/wiki/Dreyfus_Corporation) and the implications of that. + +Because [they do](https://www.prnewswire.com/news-releases/bny-mellon-investment-management-to-rebrand-dreyfus-300804822.html) + +&nbsp; + +And it's publicly known these specific banks *were skirting the line with VAR as is.* So one single boom from a client like Melvin really could have started a ripple to Citadel, who they also are custodians for and now are liable for both bags of shit. *Did they force Citadel to give Melvin cash?* + +> Of the eight US global systemically important banks (G-Sibs), Morgan Stanley and Bank of America have been operating closest to their value-at-risk estimates over the first quarter of the year. Banks must disclose their three largest trading losses each quarter as a percentage of VAR. + +> [The largest losses-to-VAR ratio at Morgan Stanley was 90.73%, the highest of the US G-Sibs. Bank of America was close behind, with a ratio of 89.42%. BNY Mellon posted the third-largest trading loss of the group](https://www.risk.net/risk-quantum/7836081/morgan-stanley-bank-of-america-push-var-limits-the-most) + + +Other than that one company that keeps randomly not being able to pay costumers, keep lights on, or keep services up. + + + Speaking of them... + + There's [also this](https://www.marketwatch.com/story/ny-ag-fines-bank-of-america-42-million-for-fraudulent-masking-scheme-2018-03-23) from 2018 + +> New York Attorney General Eric Schneiderman said the state has reached a record $42 million settlement with Bank of America Merrill Lynch BAC over a fraudulent "masking" scheme in the bank's electronic-trading division. ***The bank told customers it was executing their orders in-house, but instead was routing them to ELPs (electronic liquidity providers), such as Citadel Securities, Two Sigma, Knight and others.*** The bank "masked" the deals by replacing the identity of the ELP with a code that indicated the orders were carried out by B. of A. Merrill Lynch. "Bank of America Merrill Lynch went to astonishing lengths to defraud its own institutional clients about who was seeing and filling their orders, who was trading in its dark pool, and the capabilities of its electronic trading services," Schneiderman said in a statement.  + + +&nbsp; + +And that's *really not good* when [Citadel is 7 of the 8 FICC CCIT members](https://i.redd.it/qcsfdlq0by471.png) (how, who the hell knows) and BNY Mellon is their clearing bank for triparty transactions. [(Which is what the FICC CCIT is)](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) (the only other triparty clearing bank being JPMorgan) + +Now tell me again why [Citadel was at this meeting?](https://news.bloomberglaw.com/securities-law/china-wall-street-meeting-focused-on-transparency-stability) + +> The three-hour meeting of the China-U.S. Financial Roundtable on Thursday included the head of the People’s Bank of China, and executives from Goldman Sachs Group Inc., Citadel and other Wall Street powerhouses, according to people familiar with the talks, who asked not be named because the meeting was private. + +Could it be [BNY Mellon exposed them to this debt](https://www.bloomberg.com/news/articles/2021-04-13/bny-mellon-opens-4-trillion-repo-niche-to-holders-of-china-debt) as they are 7 of the 8 members. + +&nbsp; + +Aka the Evergrande and 4 other biggest real estate firms in China are *really not good* for the US triparty system (US treasuries). + +Here's [Evergrande, Sinic and Modern land](https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338_story.html) warning of issues + +Here's [China properties Group defaulting](https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-Properties-defaults-on-notes-worth-226m) + +And [Sinic defaulting](https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads) + +And [Fantasia Holdings, a China princeling defaulting](https://www.bloomberg.com/news/articles/2021-10-21/princeling-s-surprise-default-roils-global-investors-in-china) + + +&nbsp; + +This also doesn't even start down the discussion of [every time Ken Griffin's plane starts flying, huge crypto transactions follow](https://reddit.com/r/Superstonk/comments/qcwnlz/mayo_force_update_for_october_21_interesting/) +Back story on how I got in this position: I’d always been good with money but have been in a rut. I’m embarrassed to even be in this situation. It’s a long story but I had a horrible roommate who manipulated me. She began refusing to pay rent or would claim she couldn’t after 3 months of things being ok. I of course didn’t want to get evicted so I really had no other choice but to pay it all myself. She also refused to leave for a long time. Luckily she is out of the apartment now. +During all this, I had gotten a new job that seemed to be good with a higher pay and good benefits. Within the first week of starting, I had a contagious health issue & it was a healthcare job so I obviously couldn’t go in. Even with a doctor’s note they held my 3 day absence against me and fired me as soon as I showed up late one time a bit after I had returned to work. It really sucked because I had put my two weeks into my old job and was really excited for this endeavor, but I also left my old job for a reason. I do have a potential job (they said they’re hiring a lot of people and I was the most qualified) to hopefully start next week or two. I also have a few people interested in subleasing her room. + +I’m still left with the debt of having to pay her rent because I was already living just above pay check to pay check when I was paying half the rent and utilties, and I now had to pay 100%. I had to put many of these payments onto a credit card as a result. Not to mention other personal bills I had because of how broke this left me and then the job pulling the rug under me leaving me with no income. + +For reference the inheritance is $100,000. My grandpa left it for me to use in health, education, and emergency. I feel incredibly grateful for it and have hardly touched it up to this point, going to community college and paying with grants and scholarships to preserve it as much as I could, as it is supposed to build interest in stocks. I have tapped into it a bit to help pay the rent and for other living expenses since, again, I am in debt with no income (I have done some small things to get cash here and there but it doesn’t cut it) + +I am wondering if it would be worth paying some/most/all of this debt off with this because I don’t know how long it will take me at this point to pay it off. The rent counts as a cash advance so the interest is really high and Ive missed some payments and have even gone above balance on one. I really just want to get back on track and not have this over my head. + +My Aunt controls the money and doesn’t gatekeep it but maybe I’m just embarrassed and projecting but I feel like she might judge me or think I’m abusing the inheritance. + +Any advice at all is appreciated. + +edit: this post has gotten a lot of input, a good amount I have appreciated. all in all i think it would be best to cut my losses by taking out some money to pay for debt and an emergency fund, and should be able to pay rent easily with my new job (again, i had no problems when i had a steady job and before this situation sucked the money i had saved up, ~$1000). which i know some will say i should’ve saved more but should’ve could’ve would’ve trust me i would have done many things different now. + +i am here to learn and appreciate the straight forward and genuine advice that was given. not so much judgemental comments on my financial situation which i already expressed im embarrassed about. thanks 👍 + +edit #2: i’ve been getting dms and i’m green to all this and can’t tell if it’s genuine people trying to help but it mainly sounds like people trying to sell me stuff, investments and crypto bullshit. look, lady, whatever you’re selling i ain’t buying yo +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256. + +**Edit 8 4:01PM:** + +Ending at 158.53, down 3.55%. Watching grass grow has been more interesting that the stock today :P. Volume is extremely, potentially we are almost ready to breakout? I certainly hope so! + +Just a reminder that I will be taking a leave of absence for a while. I will miss you all! + +**Edit 7 3:50PM:** + +Slight increase in volume, but the stock isn't moving much. Edging up a bit above VWAP. + +**Edit 6 3:01PM:** + +Sleepy hour: + +[https://www.youtube.com/watch?v=ak59txSsIRo&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ak59txSsIRo&ab_channel=WardenElite) + +**Edit 5 1:14PM:** + +Watching this stock is like watching paint dry :P + +**Edit 4 11:11AM:** + +Stock edging lower towards the 152.5 support. + +**Edit 3 10:09AM:** + +Tangling below VWAP. Nothing too interesting is happening. + +https://preview.redd.it/6nwsmlyv5cu61.png?width=2139&format=png&auto=webp&s=3121d13de31b9470b19e184109af1d5d78210259 + +**Edit 2 9:48AM:** + +Stock is sagging down on low volume. Nothing too interesting. Possible support at 158.5. + +**Edit 1 9:32AM:** + +180k first minute volume. Pretty low. Seems the stock is drying up once again. + +# Begin Reading Here + +Gooooooood morning my fellow apes! + +The magical date has arrived. 4/20 blaze it everyone :) + +https://preview.redd.it/2ravs60xwbu61.png?width=1500&format=png&auto=webp&s=c9c10b1d1feb1b54f032e61544423842b391c0ed + +**A quick announcement about my plans.** I have finals coming up very soon, so I'm beginning to cram everything I procrastinated for the past 3 months in a couple of weeks. I have not shown up to class for literally 3 months LOL. They call me the cram master ;). After today, I will be taking a leave of absence from Reddit and YouTube to prepare for my finals. + +Should the MOASS start, I will hop back onto YouTube and stream the MOASS. I have decided I will not do a live charting style post, but rather a trading recap post at the end of the day. Between Reddit, YouTube, and managing my own position and following my exit strategy, it will be really hard to focus, so I'll just post a link to my stream on Reddit, and post daily trading recaps during the MOASS days. + +I will miss you guys while I am gone, and I'd like everyone to know that I am as bullish as ever on this stock. Hold strong and believe in the end game, because nothing has changed! + +Stream: [https://www.youtube.com/watch?v=IO7HATUaO\_k&ab\_channel=WardenElite](https://www.youtube.com/watch?v=IO7HATUaO_k&ab_channel=WardenElite) + +# Premarket Analysis + +Fade up premarket. We were straight up trading like a penny stock after hours yesterday. Has liquidity dried up? + +https://preview.redd.it/rvz2kuhcxbu61.png?width=2137&format=png&auto=webp&s=bd3cea707063eb5f271daf376fa023e1acb36107 +I hate how inflation has ruined everything. I’m 21 and live alone in a unit with my cat and I am just so poor all the time. I work my bum off at work full time and I BARELY make ends meet. + +I don’t eat because I can’t afford it, my rent and bills are too high and take up my whole pay, I always look after my little cat perfectly with lots of food and everything she needs but it leaves me with nothing. I’m staying afloat, like I’m not going to be evicted or anything but I always have $20 to enjoy after working 40 hours a week. + +I just had to get a wisdom tooth because of a horrible infection which was $500, and then my car broke down and that was $1800. I just wish I could be like the other girls around me! I wanna get my hair cut and buy clothes here and there, I wanna be able to buy a drink at a pub and not have to sneak vodka in a ziplock bag, I want to treat my partner to dinner! + +I just want to cry all the time, this world isn’t designed for low income earners, I always feel like an absolute failure even though I work soo much! + +Sorry for the rant, my heart is just hurting, I keep saying “when I have money” but everytime I think I finally do, I get a random $500 bill or emergency. I hate this. I just want to live comfortably and not eat stupid toast for dinner every night. +I’m fine if they’re built into the price, or even if it pops up before you pay (not so much this one). + +But when you tap your card for e.g. $12.00, it says approved, then it pops up $12.12. What are the legalities around that? +Today, ETH showed a new level of Anti-Fragility: + +More than ever, folks understand that a dapp developer can screw up blatant core contract function code, just as failure to follow mission-critical javascript code best practices can allow for a web server hack. + +Is internet protocol code culpable? Is Ethereum protocol code culpable? + +Anti-fragile outcome: + +-Greater robustness in fundamental dapp development standards, and more bug bounties. + +-Greater understanding of the tech. + +-Holder demographic change. ETH sold with FUD was bought by those with technical competence. + +-Price resilience despite massive FUD. + +-More White Hat involvement in Dapps. + +-A beautiful response from the Ethereum ecosystem/community. No ego-fueled tweets (Charlie Lee) or finger pointing etc. Instead it was a day of education. +[Previous thread here](https://www.reddit.com/r/personalfinance/comments/5f0vn3/sprint_is_holding_my_credit_hostage_over_their/) + +TLDR: Sprint refused to recognize that I had returned my phone after cancelling my policy and was sending me to collections despite the fact that I had receipts proving I returned the phone. + +Resolution: I contacted the Sprint CEO on linkedin and he had someone call me first thing in the morning, they fixed my issue within 5 minutes. Nothing aside from contacting the CEO directly did anything. I posted on their FB, chatted with them on FB, called in many times and went to my local store. If you need anything done seems you have to skip to the top. I'm very impressed that the CEO replied personally and fixed the issue though, kudos to him, shame the customer service reps don't share his sense of ownership. +This subreddit is full of people talking about their aspirations to FIRE or how much they love it... + +To those who *have* FIRED: do you ever regret it? + +Maybe an investment didn’t work out as planned so money is tighter than expected. Or you miss work, or you’re bored. Or wish you’d spent money on that ski vacation back when you were young and healthy. + +Especially interested in hearing from anyone who has already FIRED (preferably who is 50+ and has at least one child) +Good Day, Apes, + +Einfachman here. Yesterday was a little unsettling, to be honest. The amount of Fear, Uncertainty, and Doubt spread all over the sub wasn't a good sight to see. Apes saying that "MOASS is over" because of this filing, were doing more harm to the community than the harm this proposal would actually cause if implemented. + +I would like to reiterate: this proposal will NOT prevent MOASS. + +What I saw yesterday was not unprecedented behavior. It was actually reminiscent of August, 2021 when Charlie'sVids on YouTube, along with many Apes on SuperStonk (and other subs), were spreading FUD/misinformation about the CFTC filing allowing banks to not report derivatives. There was a big FUD wave forming saying "MOASS delayed until 2024!!" and "SHFs won", and Criand and I had to calm everyone down and explain that this wasn't the case: [https://www.reddit.com/r/Superstonk/comments/pfklqo/i\_want\_to\_shut\_down\_any\_fud\_before\_it\_arises\_from/](https://www.reddit.com/r/Superstonk/comments/pfklqo/i_want_to_shut_down_any_fud_before_it_arises_from/) + +With that being said, since this is happening again, I would like Apes to use yesterday as a tool to better prepare yourself, and the sub, psychologically for MOASS. When MOASS begins, there will be all types of tricks SHFs will play. It will not be a straight line to $100 million per share.. MOASS could literally last over a month due to trading suspensions, halts, etc. So use yesterday as a tool for self-improvement. We've gotten to where we are today because of our ability to Buy, Hold, & DRS, remain stoic, and not allow the market/algorithm to psychologically manipulate us and allow ourselves to be consumed by emotions. + +Getting that out of the way, let's dig into proposal NSCC-003: + +This is the filing in question: [https://www.sec.gov/rules/sro/nscc/2022/34-94694.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-94694.pdf) + +There's a few vocab words that Apes should familiarize themselves with before we continue: + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +Vocab for Apes: + +**Novate**: replace an old obligation with a new one. + +**SFT (Securities Financing Transaction)**: transaction where parties exchange equity securities (in our case, GME) for cash, under the agreement to exchange these assets back to each other at a later date. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +Please note that this filing is 188 pages, and I abdicated my sleep to read through all this and try to best present it to you guys, so if there's a few things you believe I missed in the filing, please feel free to let me know and reference the page number. + +There's a lot this filing goes through, like general collateral upgrades for SFTs to better shield from a market crash, similarly to general collateral upgrades from NSCC-2021-005, which I went over last year: + +[https://www.reddit.com/r/Superstonk/comments/p5kr5z/nscc005\_approval\_accelerated\_publication\_tomorrow/](https://www.reddit.com/r/Superstonk/comments/p5kr5z/nscc005_approval_accelerated_publication_tomorrow/) + +But I will be going over the significant portions of this filing that primarily relate to GME & the MOASS. + +Relating to SFTs: + +pg. 3: + +"NSCC is proposing to introduce central clearing for SFTs, which are, broadly speaking, securities lending transactions where parties exchange equity securities against cash and simultaneously agree to exchange the same securities and cash, plus or minus a rate payment, on a future date." + +pgs. 3-4: + +"NSCC understands that SFTs provide liquidity to markets and facilitates the ability of market participants to make delivery on short-sales, and thereby avoid failures to deliver, “naked” shorts, and similar situations." + +Ok. First, what does this mean? The NSCC is introducing SFTs to avoid FTDs, naked shorts, etc. Does this help reduce aggressive shorting? In theory, it should, but in reality it wont. This will be abused to novate contracts and reset FTDs. Doesn't mean much to us, because MOASS initiating was never dependent on FTDs being settled, because SHFs would always can-kick them to begin with, as they have the past year. + +What about naked shorting? + +This can't create more naked shorts. The only true benefit SFTs could provide to them in regards to naked shorts is that it'll help them limit the effects of the MOASS, when MOASS comes. + +In my Checkmate DD ([https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/)), I explained how SHFs would need to come up with 6 times the amount of synthetic shares they have created in the entire history of shorting GME (in the event of a 7:1 split in the form of a dividend), which would be near impossible for them to do, leading to a checkmate move from RC and a MOASS upon implementation of the split. + +Well, SHFs can't use SFTs to create synthetic shares. All they're doing is exchanging shares for cash equivalent (pretty much borrowing), but those shares not only need to be returned to the institution that lent them, but post-split (in the event of a 7:1 post-split), SHFs would also have to return 6 additional synthetic shares back to the institution they borrowed from. They can't use this to create synthetics for dividend payments. Meaning MOASS will still happen and is still on schedule. It's also why we see RC is pretty chill. After GME was halted in March, RC tweeted "Who is more reprehensible, hedge fund short sellers or overpriced consultants?" If NSCC was threatening the effects of the stock split dividend or preventing MOASS, RC would likely turn his attention to the NSCC. The fact is that everything is still going according to plan. + +So, why should we care about NSCC-003? + +Glad you asked. Let's start with the pros and cons of NSCC-003: + +**Pros:** + +Firstly, I'd like to share a big hype part in this filing that it seems a lot of Apes missed. After yesterday, I feel like Apes could use the hype, too, so here it is: + +https://i.redd.it/nwpi6tz44wu81.gif + +**The filing virtually confirms there WILL be a MOASS.** + +Check page 184: "Although the proposal would impose an additional charge with respect to any Non-Returned SFT that is calculated based on the relevant SFT Member’s Credit Risk Rating Matrix rating and such requirement may limit the ability of certain Members to participate in the proposed SFT Clearing Service, NSCC believes that any related burden on competition would be necessary and appropriate in furtherance of the purposes of the Act. This is because such requirement is designed to allow NSCC to prudently manage increased risks associated with Non-Returned SFTs. As described above, to the extent that the Final Settlement of an SFT is scheduled on a particular date but does not occur, whether directly or through a pair off in accordance with Section 8 of proposed Rule 56 (as discussed above), **that could potentially be a result of a “squeeze” or other market dislocation whereby NSCC may face increased market risk in the event of the default of either the Transferor or the Transferee.** The proposed requirement would help to ensure that NSCC’s Clearing Fund deposit requirements take into account increased market risk that NSCC may face in connection with Non-Returned SFTs. " + +They KNOW this is going to happen, which is why they're legit mentioning it here. Hence, the entire purpose of this filing. They're trying to maintain order and control when clearing members start defaulting. That's all this entire filing is: + +When MOASS starts, market participants will be defaulting. The NSCC is trying to determine what to do to control the damage from all these defaults, as shown on pg.7-8 of the filing: + +"NSCC believes that broadening the scope of central clearing at NSCC to SFTs would reduce the potential for market disruption from fire sales for a number of reasons. First, in the event of a default, NSCC would conduct a centralized, orderly liquidation of the defaulter’s SFT Positions (as defined below and in the proposed rule change). **Such an organized liquidation should result in substantially less price depreciation and market disruption** than multiple independent non-defaulting parties racing against one another to liquidate the positions. Second, **NSCC would only need to liquidate the defaulter’s net positions**. \[...\] **Limiting the positions that need to be liquidated to the defaulter’s net positions should reduce the volume of required sales activity, which in turn should limit the price and market impact of the close-out of the defaulter’s positions.** Lastly, NSCC would use its risk management resources to provide confidence to market participants that they will receive back their cash or securities, as applicable, which should limit the propensity for market participants to seek to unwind their transactions in a stressed market scenario." + +So, yes. MOASS will happen. The NSCC is primarily focusing on the damage DURING the MOASS. + +The only benefits I see besides the acknowledgment of MOASS is that they might be able to save some market participants with this, and also lessen the extent of how strong the market crash will be. Although, one could argue that them fighting this market crash is only going to prevent us from having a free market, where we get real price discovery on the index funds. + +**Cons:** This filing will attempt to limit the extent of MOASS. + +For example, recall that on pages 7-8, the NSCC would only need to liquidate the defaulter's **net position**, not everything. This would limit how many short positions need to be closed. + +[Net position, as defined by NASDAQ](https://preview.redd.it/7bt8j5f74wu81.png?width=837&format=png&auto=webp&s=8526bf829019b89d8c64e6c4f9035bc0cd47f3e2) + +[https://www.nasdaq.com/glossary/n/net-position](https://www.nasdaq.com/glossary/n/net-position) + +P.S. I noticed on NASDAQ's website, they made a grammatical error for the definition of "net position". They used "where" instead of "were" on the 2nd sentence. Thought that was pretty funny, considering the NASDAQ is a leading global exchange. + +Anyways, SFTs would also pose a problem during MOASS. + +SFTs would allow SHFs to hide a portion of their obligations during MOASS. + +The NSCC provides an example for how this would work on page 12: + +"For example, assume that a Transferor (as defined below and in the proposed rule change) and Transferee (as defined below and in the proposed rule change) enter into an SFT pursuant to which: (i) in the Initial Settlement (as defined below and in the proposed rule change) on Monday, the Transferor will transfer 100 shares of security X to the Transferee against $100 per share; and (ii) in the Final Settlement on Tuesday, the Transferee will transfer 100 shares of security X to the Transferor against $100 per share. After the Initial Settlement occurs on Monday, the Final Settlement of the SFT is novated to NSCC. In the Final Settlement on Tuesday, the Transferee will return 100 shares of security X to the Transferor for $100 per share." + +Let's say GME is at $1,000, about to take off and they create SFTs for a few million GME shares, a few weeks later GME is in the millions, but SHFs closed their net positions, and "hid" those other few million shares off their balance sheets for the time being. SHFs will still be bankrupt (unless the NSCC trying to bail them out in some way), but the extent of MOASS could've been even bigger if SHFs were forced to close their net positions as well as the positions they hid in the SFTs during the MOASS. Ergo, the NSCC is trying to limit the effects of MOASS by allowing tools such as SFTs to limit the total number of positions that end up getting closed during MOASS. + +pgs. 19-21 deal with what happens to SFTs that fail-to-deliver. + +"It is occasionally the case in the securities lending market that a borrower is solvent and able to satisfy its general obligations as they become due but unable to deliver the lent securities to the lender within the timeline requested by the lender. The contractual remedy that has developed in the bilateral securities lending market for these situations is a “buy-in.” Under this remedy, the lender may purchase securities equivalent to the borrowed securities in the market and charge the borrower for the cost of this purchase." + +Ok, so this part is messed up. This is like dark pool. When MOASS happens, SHFs could do this and successfully prevent millions of GME shares from hitting the lit market, by borrowing GME shares from another party, not returning them, and paying for completely unrelated shares. + +**The thing is that they can't do this for ALL their short positions,** **because they wouldn't have the money to do so, nor would any party have enough shares to cover ALL of Citadel's (and friend's) synthetic shares.** So, again, this won't stop MOASS. But, this filing is clearly doing its best to limit the extent of MOASS by taking away as many share closing obligations they can from liquidation and price discovery. The rest of the SFTs that fail-to-deliver (they call Non-Returned SFT), deals with how the NSCC may novate the contract and handle the process once the lender recalls the SFT. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +Ok. Here's some bullet points for yall: + +• NSCC-003 allows for dark pool-type abuse to limit legitimate price discovery during MOASS. + +•NSCC-003 can shed off a portion of short positions required to be closed during MOASS. + +• NSCC-003 allows for more loopholes to lessen the extent of MOASS. + +•NSCC-003 could help SHFs delay a portion of the GME shares needed to be returned. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +Again, this won't stop MOASS, but would lessen the extent of MOASS. + +Even with this filing in place, I can say with a high degree of confidence that GME can still hit a price in the millions. I explained in my "We Are Unstoppable" DD, ( § 4: Geometric Mean: [https://www.reddit.com/r/Superstonk/comments/t3zp4h/we\_are\_unstoppable/](https://www.reddit.com/r/Superstonk/comments/t3zp4h/we_are_unstoppable/)), + +also in my DD "Mountains of GME Synthetic Shares"... + +([https://www.reddit.com/r/Superstonk/comments/qxljfb/the\_numbers\_are\_in\_mountains\_of\_gme\_synthetic/](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/)) + +...that 90% of GME shares could be paperhanded, and still not inhibit MOASS, because it's the final millions of shares SHFs will need that will drive the price up past the millions easily. + +So no, MOASS will not be prevented by NSCC-003. It will dampen the potential of MOASS, but not prevent it. + +Regardless, NSCC-003's implementation would limit the effect of MOASS, allow more stupid loopholes and tricks for SHFs to abuse, allow for more market manipulation, and would ultimately go against legitimate price discovery and a fair & free market, so Apes shouldn't be supporting this filing at all. + +NSCC-003 should be withdrawn, and Apes should be commenting on the rule in opposition. + +The good news is that the NSCC tried this before. They proposed this garbage in the past but withdrew it both times they proposed it, because APES WERE VOCAL. Apes fought back and commented on the rule in heavy opposition. + +If Apes comment on the rule in heavy opposition of this proposal in mass, based on past behavior with from the NSCC, I believe they'll withdraw it once again. + +They already withdrew it 2 times in the past, but I have a feeling the NSCC is afraid now because RC's stock split dividend accelerates the countdown to MOASS, so they've introduced this proposal again. If they withdraw this proposal, they might not have enough time to come up and implement a new one before the stock split dividend gets implemented, which would be a win for Apes. + +**TL;DR: NSCC-003 allows for dark-pool type abuse during MOASS, and although it won't prevent MOASS, if approved, it will be a significant factor inhibiting the potential of MOASS, possibly creating a weaker and prolonged MOASS (regardless, GME would still have the potential of hitting a price in the millions). Ultimately, NSCC-003 is harmful to a "fair and free market" & Apes should be vocal in opposition of NSCC-003.** + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +If you want to help get this proposal withdrawn, you need to send an email to [rule-comments@sec.gov](mailto:rule-comments@sec.gov) . Subject needs to be "SR-NSCC-2022-003". Simply state your vehement opposition to this ruling as a retail investor and end by requesting that it needs to be withdrawn to preserve market fairness and integrity. + +\--------------------------------------------------------------------------------------------------------------------------------------------- +The following list contains every possible way I know to earn some actual, free cryptocurrencies. I avoided shady websites, apps that I didn't try personally, and those services that make you download shitty games and malwares. This list contains only trusted services, without any referral codes. + +If you think I missed something, please share it in the comments so that people can check that out as well! + +&#x200B; + +**Coinbase Earn** **\[about $30 in different cryptocurrencies\]:** + +This is one of the most popular ways, although it is not really the quickest. You need a Coinbase account and to complete verification (so photo + document). Once you are verified, you will be put on a waiting list that usually lasts a couple of days. + +Once you get accepted, all you have to do is watch a video explaining how a project works, and answer some questions about it. It is not anything hard and you can find the answers online. + +Right now, you can earn XLM, COMP, CGLD, GRT, NU, but they often update it with a new project so definitely keep the account once verified. + +[LINK](https://www.coinbase.com/earn) + +&#x200B; + +**CoinMarketCap Earn** **\[various cryptocurrencies\]:** + +Basically the same as Coinbase Earn, but hosted by CoinMarketCap. For this, you'll need a CoinMarketCap account (just needs e-mail and password) and a verified Binance account (which requires verification, but there's no waiting list once verified). + +The payouts are slower than Coinbase Earn, since they are distributed after weeks and not immediately. + +[LINK](https://coinmarketcap.com/earn/) + +&#x200B; + +**Faucets \[various cryptocurrencies\]:** + +This is one of the easiest and most immediate ways to get a small amount of crypto. You just need a wallet that can hold the coin and the relative address, and you're good to go. + +They're basically websites that distribute small amounts of cryptos to the users asking for it, and they're supported by donations/ads and stuff like that. + +There are a lot and you can often find them just by searching on Google "<name of the coin> + faucet". + +A [good read](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-faucet) about them and some examples: [freenanofaucet](https://www.freenanofaucet.com/) and [Doge Faucet](https://www.dogefaucet.com/en) + +&#x200B; + +**Airdrops \[various cryptocurrencies\]:** + +An airdrop, in the cryptocurrency business, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency. + +They can be free or they might require holding certain tokens or doing small tasks. + +Airdrops happen on many different platforms and for many different coins, so it's often hard to find them if you aren't familiar with the community or the platform. Anyway, [Airdrops.io](https://Airdrops.io) is a good website that gathers the best airdrops happening. + +&#x200B; + +**Bounties \[various cryptocurrencies\]:** + +In the crypto world, it is a marketing strategy where an ICO allocates a percentage of their tokens for “bounties”. These are tasks that are open to the public to complete and their reward is the new token that is launching. Once the token is launched, participants of the bounty will receive their tokens. + +As you may have noticed, they're similar to airdrops. As airdrops, it is often difficult to find them. [This](https://beta.bounty0x.io/explore) is a good website that gathers some bounties that are currently active. + +&#x200B; + +**WeNano \[NANO\]:** + +This is one of my favorites, so I encourage you to check them out since the project is awesome. + +Have you ever played Pokémon Go? Well, this is a similar app, but instead of capturing Pokémon, spots are created by users around the world, and by visiting them you can earn NANO and chat with other users. The payouts are actually really good, especially in large cities, and the community around it is awesome. + +[This](https://www.wenano.net/) is the official website (it's available both for Android and iOS) + +&#x200B; + +**NanoQuakeJs \[NANO\]:** + +Another favorite of mine. It's literally just Quake 3, on your browser, and for each kill you get some NANO. I challenge you to find something cooler. + +[This](https://nanoquakejs.com/) is the website, you just need a nickname and a NANO address and you're good to go! + +There are some other similar projects, one of which is [PlayerKillers](http://playerkillers.exchange/), but I mean, Quake is Quake. + +&#x200B; + +**Reddit \[MOON, DOGE, NANO\]:** + +Yeah, Reddit. There are actually a couple of ways to earn crypto on Reddit. + +First, our favorite, MOONs. You just need to set up your vault (on the app) and you're ready to receive moons next distribution! They happen once a month, and a fixed amount of moons are distributed to the r/CryptoCurrency community, based on the Karma you gained that month. So start shitposting! + +Other subreddits, like Dogecoin's and Nano's have bots that allow you to tip users, so if you make a good submission there you'll probably receive some coins from kind redditors. + +Also, subs like r/dogecoinbeg exist, where you can... Well... Beg for dogecoins. + +&#x200B; + +**Publish0x \[ETH\]:** + +This is a really cool project that I personally love. It is basically a website like Medium, where users can post blog entries. + +The best thing about this is that the website provides the coins. You will literally earn crypto just by reading content on the website (which is crypto-related), sharing content and writing it (although you'll need to apply as an author to do so). + +[LINK](https://www.publish0x.com/) + +&#x200B; + +**SteemIt \[STEEM\]:** + +Steemit is a blogging and social media platform that uses blockchain technology and a cryptocurrency to reward its users for creating content, commenting, and upvoting other posts.  + +It is really similar to Reddit, [here](https://steemit.com/)'s the link + +[Cent](https://beta.cent.co/~discover/) is another similar social network built on top of Ethereum, worth checking out. + +&#x200B; + +**NFT marketplaces \[various cryptocurrencies\]:** + +Many websites offer the possibility to sell artworks, collectibles and in general NFTs. NFT, for the newcomers, stands for Non-Fungible Token, and means a token representing something unique. + +You can think of it as an art piece: although you can copy it, scan it and print it, there will only be one original copy. NFTs are used to verify and confirm the uniqueness of something and its ownership. So, let's say I make a beautiful digital painting, I can "link" it to this token and whoever owns the token, owns the digital painting and can therefore sell it or trade it. + +[KnownOrigin](https://knownorigin.io/), [Mintable](https://mintable.app/), [Rarible](https://rarible.com/) and [OpenSea](https://opensea.io/) are all great example of such marketplaces. If you're a creative person and want to sell some of your works, those are great places to do so. + +&#x200B; + +**Games and Collectibles \[various cryptocurrencies\]:** + +Many games run on a blockchain, using NFTs to create unique and rare in-game assets. Think of a card game like HeartStone: on the blockchain, it is possible to create only 10 cards of a specific type (using NFTs), so only 10 users in the world can own that card, so that card would extremely rare and therefore valuable. + +Usually, it is not easy to earn crypto this way, you'll need to play a bit before getting some good stuff that you can sell, but if you find a game that you like you can surely earn while having fun! + +Examples of games are [MyCryptoHeroes](https://www.mycryptoheroes.net/home), [EverDragons](https://everdragons.com/), [Axie Infinity](https://axieinfinity.com/), [Decentraland](https://decentraland.org/) and [Brave Frontier Heroes](https://bravefrontierheroes.com/). + +Some aren't even games at all, just collectibles that you can buy, trade and earn. Examples are [CryptoKitties](https://www.cryptokitties.co/catalogue) and [Clovers](https://clovers.network/) + +&#x200B; + +Endnote: especially services using NFTs on top of Ethereum are, right now, subject to really high fees that make it often impossible to trade these tokens effectively. Be careful when doing a transaction. + +&#x200B; +&#x200B; + +EDIT: +Some I forgot or didn't know about: + +* **Brave browser**: allows you to earn BAT just by browsing and seeing ads. Both on PC and mobile. +* **ethtrader and fortniteBR**: they're also subreddits with a governance tokens (like moons), so you can earn some money shitposting there too. +Today I sold my house for 35 Bitcoin! Going to travel the world for 2 years and the hopefully buying a house double the size for less btc + + +this is how much I trust bitcoin + +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! + +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) + +Her boyfriend isn’t home to answer the question and the cat doesn’t care, so I went with “something something smaller market means more exposure and easier to raise capital”. +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). +Well, the market is bleeding. Another day, another loss porn at asx\_bets. We're overleveraged and malnourished, no tendies on the horizon. + +But here we are scrolling through reddirt looking for the next lithium play getting nowhere. + +And so I ask how do you find fresh new ideas for the next loss porn or multi-bag? + +Shill me your platforms/webites/podcasts/rich uncles that I can discover new asx companies NOT your Z1P's and your 4DX's +Non-profit, community driven projects almost always work better than paid alternatives, just look at wikipedia for example. Stuff just works better when its passionate people doing what they love and for the benefit of other kind people. Thats literally the core behind our community. Ape help ape, and I would love to see this community become a hub, by retail, for retail to point out instances of the big guy fucking over us little guys. To warn the average joe of fuckery they never would have even been aware of if all they had to go on was mainstream companies and their government. Whats happening rn really just proves that the people in power cannot be trusted, and here we have an alternative, real honest people researching for the good of the collective, rather than news outlets being paid off to feed misinformation and fake narratives to funnel as much money from the poor to the mega rich as possible. This sub and community could be the foundation for something really really awesome, and a catalyst for exposing and deposing the parasitic wankers that sit at the top of the hierarchy. + +I really enjoy reading through the DD and theories here everyday, and I dont want this to end with GME. Deep fucking love to you all <3 +After coming back to work after a 2 week convalescence, COVID-19 measures are going to make the next few weeks to months really tough. I know my emergency fund is here just for this kind of rainy day, and I am not worried about money. However, while I am lucky to still be able to work, it will be half time, and I'll have to take PTO for the rest of that time (as of right now.) + +I have been diligent in building up that PTO for months now and it is about to be robbed from me. I know many people have it worse, but if I was already RE, then I wouldn't even be stressing about this. This means I will be re-doubling my efforts to save more, plan better, and leave this rat race the second I can. +People have been saying GME has been following the overall market for weeks now, but they've just been keeping it between $24 and $27.75. Could we be getting near to a market crash, and they're just trying to keep it stable +Yesterday my employer let us know that they will be offering a new program in January. Instead of matching up to 6% of our salaries in 401k contributions, we will have the option to put that money toward student loans. I currently have about 33k left and with regular monthly payments of $470, they will be paid off in roughly 6.5 years. I can currently add about $500 to the monthly payment, and at that rate, they will be paid off in ~2.5 years. Using my employer's new program, I could have them paid off in ~18 months. + +My 401k will be at about 12k by the end of the year. I make 50k, so the annual contribution between my self and my employer is 6k. That 6k over 40 years will be worth ~60k at least. Short-term, it would be nice to pay off my loans a year earlier, but long-term, my 401k loses a pretty big chunk of money. Is this a good assessment? + +I appreciate all responses, thanks! + +EDIT: DoWhatYouWantBB mentioned that the interest rates of my loans are important: +5,217.24 @ 6.55% +5,307.00 @ 6.55% +2,661.26 @ 3.15% +3,153.32 @ 3.61% +2,643.21 @ 3.61% +2,220.92 @ 3.60% +4,459.38 @ 3.60% +6,712.55 @ 3.60% + +Most people advise against US stock investing if capital is less, but here is my take on it. + +If someone is investing for long term in a non dividend paying company then there are very less compliance to follow. + +1. You don't have to get into the mess of DTAA and claim tax refund of dividends which were taxed in US @ 25% +2. Some people argue about tax and charges. Apart from forex markup you don't have to care about anything upfront. If you are in for long term, you don't have to pay tax upfront. If you sell stocks after a few years you have to pay 20% tax (after adjusting for inflation/indexation) and this shouldn't hold you back from investing because you don't have anything to do upfront. +These small charges would seem like peanuts when compared to the returns that you could generate with truly global companies. Personally I feel currency depreciation in long term would easily take care of this 1% forex markup that I have to pay upfront. +3. Only compliance you have to follow is to declare these stocks under foreign assets in your ITR. Everything else will kick in once you sell stocks in future and have already made profit. + + +I read a few threads here which advised against US stock investing if capital is less, but I went ahead and did my own research to find a workaround. The key here is to not invest in dividend paying companies if compliance feels overwhelming to you. Off-course the company you invest today, may decide to pay dividends in future and you will have to act accordingly. + +This was my opinion, am open to understand other's perspective. +Maybe movement from leadership on some of these concerns will help with personal panic that might be showing up in the markets and might provide some relief to investors. The fact that it's the Treasury Secretary working with Pelosi demonstrates that they do connect what's happening in the market to some need for action on pandemic issues. + +>"House Speaker Nancy Pelosi says that she and the Trump administration are close to agreement on a coronavirus aid package to reassure anxious Americans by providing sick pay, free testing and other resources, hoping to calm teetering financial markets amid the mounting crisis." + +[https://www.marketwatch.com/story/pelosi-says-agreement-near-with-white-house-on-virus-aid-2020-03-13?mod=home-page](https://www.marketwatch.com/story/pelosi-says-agreement-near-with-white-house-on-virus-aid-2020-03-13?mod=home-page) + +While this doesn't actually solve the problems of the economic toll that comes from relying on social distancing and self-isolation as a pandemic response instead of vigorous tracking, treatment and containment, it's at least something concrete that addresses some of the concerns of workers and their families. +Im a relatively new investor, starting out around a year ago with additions to my portfolio from what I save each month from my salary. Being an absolute amateur, I decided to try a robo-advisor, Moneyfarm. They aim to “actively” manage a portfolio constructed from passive ETFs. + +Now after reading more and having watched the performance of my own portfolio, I am still unsure if staying with an advisor such as moneyfarm or creating my own set of passive ETFs is better. It appears to be common knowledge that passive investing is better than active in the long-run but that’s in reference to a specific index. + +My question is: as an amateur without the time, knowledge, or resources to decide what is the best asset, geographical, and currency exposure is, would using a manager that actively invests in passive funds based on where they think the best asset/geographical/currency-related growth be better than just parking it in a portfolio with a similar weighting of a single global equities ETF and a single global bonds ETF? + +I guess my question could be rephrased as: does the evidence showing active managers don’t beat passive funds apply to managers whose only “active” behaviour is deciding the relative asset, geographic, and currency weight of a portfolio? +In this https://www.theguardian.com/business/2021/jan/06/ftse-100-stock-market-bubble-risk guardian article Jeremy Grantham the person who predicted the 2008 crash is predicting another. + +It ends with him talking about Tesla " +Grantham cited shares in the electric car maker as an example of the market bubble. “As a model 3 owner, my personal favourite Tesla tidbit is that its market capitalisation, now over $600bn, amounts to over $1.25m per car sold each year versus $9,000 per car for General Motors. What has 1929 got to equal that?” + +I'm wondering what other people's thoughts are on this. Or what they're doing or should do to protect themselves within their portfolio. + +Personally I'm in clean energy and a world index fund which I think would be fairly safe. Nothing tech. Btw I'm not saying there is anything wrong with tech or Tesla, I'm no expert and any opinion on that would be purely speculation. +Four months ago I left my job because of the physical and mental toll it was taking on me. I left somewhat abruptly and didn't have anything else lined up. + +I applied to a few different positions in the same industry. One job posting required 5 years of experience in my field, and I only had about 1 1/2 years. + +I ended up getting an interview with the company. I was completely honest about my experience level. It turns out they were having trouble finding people with the specific type of experience that I have, and weren't worried that I didn't have the 5 years that was listed as a "requirement" on the job posting. + +They ended up giving me an offer, including what amounted to a nearly 40% raise compared to my previous job. I recently had my first performance review and my lack of experience has not been an issue at all. + +This might be a unique experience but you have very little to lose by taking moonshots like this- the worst they can say is "no". +[https://www.baltimoresun.com/business/bs-bz-under-armour-ucla-contract-20200627-dvb3ervdlfhhdd6gwtpggjfbka-story.html](https://www.baltimoresun.com/business/bs-bz-under-armour-ucla-contract-20200627-dvb3ervdlfhhdd6gwtpggjfbka-story.html) + +Looks like they are trying to get out and save some money. +I just finished a long dive into Dead Cat Bounces through history. + +**tl;dr There have been 3 Dead Cats / Bull Traps larger than this one, and insufficient evidence to declare this time will be different. Of course it could be, every Recession is different, but I reckon the Bear will return.** + +I see three possibilities for why the markets may have bounced more than 20% (and, in the case of the Dow Jones, more than 30%) off the bottom. + +1. **This could be a V-shaped Recession** +2. **Markets have actually disconnected from the wider economy – so we can’t use them as a lead indicator of the wider economy, or** +3. **This is just a Dead Cat Bounce creating a Bull Trap** + +**1.** **V-Shaped Recession?** + +The best evidence I’ve seen supporting this possibility is based on the speed of recovery. Strategas Research has observed that the bounce we have seen is actually “the second best 40 day period in history”, and their projection therefore is that that speed of growth augers well for the general economy. + +For me that ignores the rapidity of change that is going on at the moment. One reason why [the Coronavirus Recession is different to a Typical Recession ](https://jacobaldridge.com/business/how-is-the-coronavirus-recession-different-to-a-typical-recession/)is how fast everything is moving, so I don’t think that pointing out speed of that 40 days is evidence that this is actually a sustained recovery. Just as the drop was faster, so too the Dead Cat Bounce has been faster. + +That link looks at other evidence for why this won't be V-Shaped, so I won't belabour the point. + +**2. Markets are Disconnected from the Wider Economy?** + +There may be some truth to this, but I don't think it tells the full story. + +Yes, money still has to go somewhere. All those Super funds in Australia, for example, and even cautious investors elsewhere are looking at Bond Rates and Bank Interest and thinking some possibility of return is worth taking a risk for. Plus, if you're thinking long-term, investing now is easier than catching a falling knife - you'll miss some returns, but perhaps not a huge amount in the middle of the 2010-2030 Cyclical Bull Run. + +Are Tech Stocks driving the recovery because they're different? That was the promise of the Dot Com Bubble as well - I think panic buying of toilet paper (now back on the shelves in normal levels) has a similarity to 'panic' buying of Amazon, Zoom etc - and they'll return to normal levels and valuations. + +**3. Is it a Dead Cat Bounce?** + +The prevalence of economic commentators saying "I don't know why markets are doing this" reminds me of the late-stage peak in an economic cycle. *Everybody* knows that a bust is coming, they just didn’t know exactly when. And **nobody wants to go first**. + +Nobody wants to miss the last eking out of a peak by being the first one to try and sell and get out of the market. However, **everybody wants to go second**. + +There’s a lot of people who really don’t understand why the markets are going up like this … who really don’t expect that to be sustained … and while none of them want to be the first to get out just in case they’re wrong, **as soon as there’s a strong indication that the markets are going to turn south again everybody’s going to want to go second.** + +So when that first domino falls, we can expect another crash and quite possibly fast given how many people are waiting for that other shoe to drop. + +What could be causing the bounce? Apart from the normal money that has to go somewhere, there's these huge levels of government stimulus programs ... which will expire. A big lesson from the GFC was the importance of Fiscal Policy, not just Monetary Policy, on managing the depth of a Recession - and maybe if we had some progressive governments in key economies this might be the opportunity for them to roll 'stimulus' into a wider safety-net/welfare state - but we don't. + +**The Last 13 Dead Cat Bounces** + +There have been 13 Dead Cat Bounces in the last century (using Dow Jones data here because it's the longest and cleanest data set). Using the current DJIA bounce of 38%, if this is a Bull Trap it would only be the 4th largest - so hardly unprecedented. + +While not comparing apples with apples, the ASX200 which is up 28% would be the 6th largest on that list - so another couple of historical examples where a market has bounced 28% or more and then re-entered Bear Market territory. + +A Dead Cat Bounce is common. It doesn’t happen every time, but there’s enough other indications that this is not going to be a V-shaped Recovery and that we’re not going to be out of the global Coronavirus Pandemic, and certainly not the current Coronavirus Recession in a hurry. + +And as a result, as a Lead Indicator of the wider economy, these markets are suggesting perhaps a period of a couple of months where you could make some hay while there's still sun around. But Winter is coming. + +*Research, Article and Video link (but all the key points are above so you don't need to click here) -* [*https://jacobaldridge.com/dont-waste-a-good-recession/is-this-a-dead-cat-bounce-april-may-june-2020/*](https://jacobaldridge.com/dont-waste-a-good-recession/is-this-a-dead-cat-bounce-april-may-june-2020/) +50 day SMA in blue, 200 day SMA in yellow, Golden Cross purple arrow. + +https://preview.redd.it/d49e15kz5tg91.png?width=3154&format=png&auto=webp&s=792078fd771865e49315a059c7e50f463cd30361 + +&#x200B; + +Here is the log scale that yields the same results + +https://preview.redd.it/e565mqmb6tg91.png?width=3154&format=png&auto=webp&s=430dc3f43f9523a9e3dff821151cbb30cc32cf18 + +There is no new GC, even though it is close. + +u/region-formal claimed we hit a new one, when in fact, the latest GC was on Sept 8, 2020 + +his post here: [https://www.reddit.com/r/Superstonk/comments/wjfyfp/another\_615647\_increase\_from\_40\_during\_this/](https://www.reddit.com/r/Superstonk/comments/wjfyfp/another_615647_increase_from_40_during_this/) + +When you zoom in on his graph you can see his lines were extrapolated and the GC is ahead of the current data. + +&#x200B; + +https://preview.redd.it/ufd24zzr7tg91.png?width=970&format=png&auto=webp&s=8045f8116255e2ca9650b27b53ceef20a88cf504 + +My post yesterday didn't get a reply from u/region-formal so I wanted to post my findings more clearly in hopes that he can defend his misinformation. + +The Golden Cross is a lagging indicator, and we are in a bullish pattern so I believe we will see one soon. The key takeaway here is that we haven't seen one yet and I don't know why someone would fake technical analysis. + +Here's investopedia's definition - [GOLDEN CROSS](https://www.investopedia.com/terms/g/goldencross.asp) + +&#x200B; + +TLDR: There hasn't been a Golden Cross since Sept 8, 2020 + +Edit: September 8, 2020 instead of September 9, 2020 + +Edit2: removed personal attack +We have all heard it! -- “Time in the market beats timing the market” + +At the same time, we are all to some extent guilty of trying to time the market. The market always seems to break some new all-time high records, so we wait for the inevitable crash/pullback to invest. It’s high time we put both strategies to test. Basically, what I wanted to analyze was + +**Whether waiting for a crash to invest is a better investment strategy than staying invested?** + +**Analysis** + +For this, let’s take someone who started investing approximately 3 decades back (1993 to be exact). I created multiple investment scenarios as follows to understand the difference in returns if you + +a. Invested at the exact right time when markets were lowest that particular year + +b. Was extremely unlucky and just invested at the peak every year + +c. Did not care about timing the market and invested at a random date every year + +d. Just hoarded his cash and waited for a market crash to invest \[1\]   + +For analysis simplicity, let’s assume that you were on a conservative side and never picked individual stocks, and always made your investments to S&P500 \[2\]. For investment amount, let consider that you started with investing $10K in 1993 and for every subsequent year increased your investments by 5%. So, you made a total investment of $623K over the last 29 years.   + +**Results** + +**Investment Returns : S&P 500 (1993-2021)** + +|**Scenario**|**Return**| +|:-|:-| +|Invested only during a market crash|391.9%| +|Invested when markets were lowest every year|371.2%| +|Invested every month an equal amount|312.9%| +|Invested at a random date every year|303.2%| +|Invested when markets were highest every year|263.1%| + +The analysis did throw up some interesting results. There’s a lot to unpack here and let’s break it down by each segment. + +The most important insight is that **it’s virtually impossible to lose money over the long term in the market \[3\]**. Even if you were the unluckiest person and invested exactly at the very top each year, you will still end up having a 263% return on your invested amount. + +At the opposite end of the spectrum, if you were somehow the luckiest person and invested only at the lowest point every year, you would have made a cool 100% more than someone who invested only at the top. Given both the hypothetical scenarios are extreme cases, let’s consider some more realistic scenarios.       + +If you did not care about timing the market and invested a fixed amount each month/year, you would still make a shade over 300% on your investments. + +Out of all the above scenarios, you would have made the most amount of money (a whopping 391% return) if you invested only during major crashes. In this type of investing, you would not invest in the stock market and keeps accumulating your cash position waiting for a crash. + +While this seems like a good idea, in theory, it’s extremely difficult to execute properly in real life. The main limitations to investing during a crash strategy are + +a. The current returns are calculated by investing at the very bottom of the crashes. It’s very difficult to identify the bottom of the crash while a crash is happening. You can end up investing midway through the crash and given that you are investing a significant chunk of capital you saved up, it can end up wiping out your portfolio. + +b. [Identifying a crash itself is very hard](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F06f96f61-9b99-4d4a-b6cd-88eece3ecc1d_624x241.png) + +As we can see from the above chart, the years that we consider were great for the market in hindsight still had significant drops within the same year. So even when the market is down 10%, it becomes extremely difficult to know whether it’s going into a deeper crash or whether it’s going to bounce back up. + +**Conclusion** + +While the analysis did prove that waiting for the crash is theoretically the best strategy returns-wise, practically it’s very difficult to execute it. + +For e.g., even if you predicted the 2020 Coronavirus crash correctly, where would be your entry point? The market was down 15% by Mar 6th, another 10% by Mar 13th, and then another 10% by March 20th for a total of 35%. If you did not get in at the absolute bottom, you would have lost a considerable sum of your investment without actually getting any benefits from the previous run-up.      + +It is extremely enticing to be the guy who called the crash correctly and even if you are right, only getting in at the absolute bottom would only give you the best returns. Adding to this, in the last 20 years, 70% of the best days in the market happened within 14 days of the worst ones \[4\]. If you miss just any of those days waiting for an entry point, your returns would be substantially lower than someone who just stayed invested. + +If you think you are in the select few who have the skills to identify a crash and the temperament to see the crash through to invest at the very bottom, you will make an absolute killing in the market! For the rest of us, continuous investment regardless of the market trends seems to be the better choice. + +*Data used in the analysis:* [*here*](https://docs.google.com/spreadsheets/d/1LT3qazGZXHT3qnnBS7oWAZU8n8DH1gv-JsCixN2mdPM/edit?usp=sharing) + +**Footnotes** + +\[1\] I have considered the [following crashes](https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets) for the analysis: Dotcom crash (2000), Sep 11 (2001), market downturn 2002, Housing market crash (2008), 2011 stock market fall, 2015–16 stock market selloff, 2018 crypto crash, Corona Virus crash (2020) + +\[2\] The data for the adjusted close for S&P 500 from 1993 to 2021 was obtained from [Yahoo Finance API](https://rapidapi.com/blog/how-to-use-the-yahoo-finance-api/). The main reason for only going back till 1993 is that Yahoo Finance had only data till 1993.   + +\[3\] [There was an interesting study done by Blackrock that proved the same as shown in the chart below](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F15bf33fb-b037-4a59-b5b9-80e90bafae28_624x257.png) + +\[4\] 70% of the best days in the market happened within 14 days of the worst ones [(Source: JP Morgan)](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb560db47-5078-4b58-84f0-f4c27919eb79_507x352.png) + +*please note that I am not a financial advisor.* Hope you enjoyed this week’s analysis! + +Edit: Since a lot of you are questioning this, the SPY data used in adjusted closing price which accounts for dividends and splits + +[https://www.investopedia.com/terms/a/adjusted\_closing\_price.asp](https://www.investopedia.com/terms/a/adjusted_closing_price.asp) + +&#x200B; + +EDIT 2: Since a lot of you are questioning the math and returns + + [https://imgur.com/o4qN7XN](https://imgur.com/o4qN7XN) + +Check this image. + +its a spy return calculator online ([https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/](https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/)) including dividend reinvestment + +Check the return when you invest following my same logic -- the only difference is it's a monthly calculator (so the returns would be slightly different) + +10K per year => 833 per month + +5% annual increase => 0.407% growth in investment value every month + +1993-2021 return is 394% on the total invested value. + +&#x200B; + +Cheers +Tenant moved into a newly renovated home a few days after construction was done. A few issues popped up in the first six weeks and the tenant was pretty reasonable about it - as was I. Every issue was fixed within 48 hours. I felt badly so gave the tenant $200 off rent for two months as well. I wanted to stay on the right foot and just keep everyone happy, which was important to me. + +Now the tenant was reasonable about the real issues. However, she was also taking advantage of me. She lied about bed bugs (she was the first tenant ever - the house was torn down to the studs - it was also vacant for over a year before renovation - it was also vacant for a month after renovations) so I had three pest control people come out and they never found any. She tells me that she had a professional of her own come through and they found evidence of bed bugs. I called her professional and the guy was like “uhhh sometimes they can be dormant in the wood. We didn’t really find anything. Maybe some droppings.” So I just treated it to make her happy. + +Then she claims the house isn’t sealed properly and that bugs are getting in because of it. So she gets some energy efficiency company out and says they tell her that better seal the house in a few areas will prevent bugs getting in. Again, I call them - they say it won’t but I did the work anyway because I didn’t want winter to come around and new issues to pop up. + +Sadly last week a sewage line collapsed, unrelated to the renovations we did. It was the last straw and the tenant requested to be let out of the lease early. I agreed. Everything was amicable. She said she could be out by the first - today is the second. + +Fast forward to move out/today. The house was pretty clean but there was some dirt in high traffic area. The terms of the lease say that we have 20 days to return security deposit (state law is actually 30 days). My property manager asks her for an address to send the check and the tenant says that I told her she can have the full amount today, which I didn’t. + +Now I’m getting group texts from her sent to me and the property manager - she’s threatening to sue. Says she that has me recorded saying she can have the full deposit (I’m positive I didn’t). + +Does she have any actually recourse? It’s on the lease that we have 20 days. I treated her more than fairly the last 3-4 months. Feeling very used right now. + + + + +Edit: she made unauthorized duplicate keys and this morning she came back in and is squatting on the house. + + +Edit 2: I went up there and met her face to face. She had fucking chains and padlocks on my front gates. + +I basically looked her in the eye and told her that I’ve treated her with the “upmost respect” (her words) and right now she’s treating me like a piece of shit. I told her she has no leg to stand on, that she violated multiple parts of the lease agreement and lied to me throughout the 3 month stay and that I still just let shit slide. I told her that I am offering one last olive branch and once I step into my car whether she squats or we come to an agreement she can delete my number - if she didn’t agree to what I offered then I said that I was turning it over to the PM the moment my car door closed and “you know she’s not going to fuck around and entertain this bullshit.” I told her my only offer is 50% of her security deposit by tomorrow morning only if she is out by noon. She called her brother and put him on the phone - he was like “I know she’s crazy. Let’s end this. I accept. Put her on the phone.” + +Tomorrow at noon hopefully it ends. +Tenant moved into a newly renovated home a few days after construction was done. A few issues popped up in the first six weeks and the tenant was pretty reasonable about it - as was I. Every issue was fixed within 48 hours. I felt badly so gave the tenant $200 off rent for two months as well. I wanted to stay on the right foot and just keep everyone happy, which was important to me. + +Now the tenant was reasonable about the real issues. However, she was also taking advantage of me. She lied about bed bugs (she was the first tenant ever - the house was torn down to the studs - it was also vacant for over a year before renovation - it was also vacant for a month after renovations) so I had three pest control people come out and they never found any. She tells me that she had a professional of her own come through and they found evidence of bed bugs. I called her professional and the guy was like “uhhh sometimes they can be dormant in the wood. We didn’t really find anything. Maybe some droppings.” So I just treated it to make her happy. + +Then she claims the house isn’t sealed properly and that bugs are getting in because of it. So she gets some energy efficiency company out and says they tell her that better seal the house in a few areas will prevent bugs getting in. Again, I call them - they say it won’t but I did the work anyway because I didn’t want winter to come around and new issues to pop up. + +Sadly last week a sewage line collapsed, unrelated to the renovations we did. It was the last straw and the tenant requested to be let out of the lease early. I agreed. Everything was amicable. She said she could be out by the first - today is the second. + +Fast forward to move out/today. The house was pretty clean but there was some dirt in high traffic area. The terms of the lease say that we have 20 days to return security deposit (state law is actually 30 days). My property manager asks her for an address to send the check and the tenant says that I told her she can have the full amount today, which I didn’t. + +Now I’m getting group texts from her sent to me and the property manager - she’s threatening to sue. Says she that has me recorded saying she can have the full deposit (I’m positive I didn’t). + +Does she have any actually recourse? It’s on the lease that we have 20 days. I treated her more than fairly the last 3-4 months. Feeling very used right now. + + + + +Edit: she made unauthorized duplicate keys and this morning she came back in and is squatting on the house. + + +Edit 2: I went up there and met her face to face. She had fucking chains and padlocks on my front gates. + +I basically looked her in the eye and told her that I’ve treated her with the “upmost respect” (her words) and right now she’s treating me like a piece of shit. I told her she has no leg to stand on, that she violated multiple parts of the lease agreement and lied to me throughout the 3 month stay and that I still just let shit slide. I told her that I am offering one last olive branch and once I step into my car whether she squats or we come to an agreement she can delete my number - if she didn’t agree to what I offered then I said that I was turning it over to the PM the moment my car door closed and “you know she’s not going to fuck around and entertain this bullshit.” I told her my only offer is 50% of her security deposit by tomorrow morning only if she is out by noon. She called her brother and put him on the phone - he was like “I know she’s crazy. Let’s end this. I accept. Put her on the phone.” + +Tomorrow at noon hopefully it ends. +For I while I have been living in my properties for 2 years and then moving and renting them out. That is great while I am younger (because I am buying lower cost properties like townhouses). But now I am to the point where I would like to live in an actual house and have a yard long term instead of constantly moving around. Also when I am married I will no longer be able to keep moving because I have to consider stability for my wife also. + +Do you really save that much money on things like a loan, taxes etc. by doing what I am doing? +I work for a company that has 2 locations. I would received 1 paycheque with all my hours combined into one. + +One week I worked 50 hours & thought my OT pay was gonna be nice and juicy. When I got my cheque it was surprisingly lower than expected. I looked at my stub and noticed I was 7 hours short. + +I asked my manager and she said finance made a mistake & would add 7 hours to my nezt paycheque. I asked to confirm those 7 hours would be 1.5x pay. + +Her answer was no. I didnt qualify for OT cuz I was split amongst 2 locations. Apparently this was a policy they’ve had with every employee who worked 2 locations. + +Then my uncle informed me that what they said was illegal as I had 1 pay stub. If both locations were paying me separately then I technically wouldn’t be in OT. So I presented this information and when I told them they were breaking the law, they folded and paid me my OT. My coworkers who never spoke up were shocked as they missed years worth of OT. + +Moral of the story: always check your paystubs & don’t be scared to ask questions. The finance department didn’t make a mistake, they were trying to avoid paying what I earned. + +Then on the paid me 2 separate cheque’s for the different locations. & I happily refused OT every time I was asked. +I've been buying up MU over the past week, it's multiples are low compared to the other big semiconductor/chip companies and the market as a whole is going to keep growing as demand from mobile/laptop/PC/EV/AI/Gaming markets grow. + + Quick summary as to why I think it's cheap: + +* P/E below 8.5 with Earnings growth projected at above 20% per year. +* P/S below 2.4 with Revenue growth projected at above 14% per year. +* Extremely healthy balance sheet: +* $63.7B total assets, including $21.5B in short term assets. +* Cash & equivalents of $9.1B. +* Low total debt of $7.6B ($7.4B long term) +* Their short term asset balance more than covers total liabilities of $15.85B. +* Cash balance alone could pay off all short-term liabilities of $6.9B + +Please share your thoughts and let me know if I am missing some info that explains the valuation. +I don't know about you guys, but I love data, projections, and modelling the next 60+ years of my finances. I've spent hours on excel mapping things out. I'm a huge nerd - my wife once told me that my spreadsheets were one of the most attractive things about me. I think she meant it as a compliment :P + +As much as I love excel, it's not exactly the best visual representation to share with my wife. So I often try to use online calculators that graph out the output of my financial models. + +I don't love most of them, and I thought I'd share my thoughts on some, especially if there's more out there that I haven't heard of: + +1) FIREcalc (https://firecalc.com/) - For the longest time this was the only FIRE ~~Monte Carlo~~ simulation tool I could find online. But it is very limited in its modelling, and (sorry to any fans out there) a little ugly (https://imgur.com/a/bTKnKMA, https://imgur.com/a/glkWoRx) + +2) SmartAsset (https://smartasset.com/retirement/retirement-calculator) - no. just no. If anyone can please help me understand why SmartAsset's retirement calculator thinks I need $19MM to retire at $180k/year in expenses, please let me know (https://imgur.com/a/wJNj1Xy) + +3) Engaging Data (https://engaging-data.com/fire-calculator/) - I really want to like this one. I really do. But you still have to do a lot of calculations by hand (average tax rate) and the visualization just doesn't make any sense to me. I might be using it incorrectly, but it just doesn't work for me (https://imgur.com/a/Cj7Bcdm) + +4) Projectifi (https://projectifi.io) - this is my new favorite tool, and I admit I might be fanboying over it a bit. It lets me model whatever I want, multiple different income sources, multiple different expenses, and the paid account calculates exact taxes for you! Plus, I can do Monte Carlo simulations to my hearts content. (https://imgur.com/a/QzQ1fdr) + +5) Anything else worth mentioning? One of the reasons I made this post was to see if there's any other tools out there that I'm missing out on. +Example: + +Tomorrow, I have to fly for business. 12 hours in the back of economy. For $625, I could have upgraded to a lie-flat business class seat. It was tempting, as I could *technically* afford it. (I'm not rich by any means, but I'm not struggling.) + +Instead, I'm choosing to go without. Because the way I see it, in 12 hours I can either have some mild cramping that will pass in a day or two and $625 in my bank, or I can hopefully have a decent sleep but wake up with a large dent in my bank account. + +Now, here's the thing: I would LOVE that upgrade. I've talked myself into it being a wise idea for a number of reasons. So I've counted that money as being gone in a way - but by selling my shot at the upgrade, I've earned that $625. + +Yes, I know I haven't actually gained more money by not spending it...but in a way, it feels like I have. Does anyone else ever treat big potential purchases this way? + +edit: first off, wow. Did not expect this to take off. Second: the moment that plane touched down, I had such a great feeling of "I am so glad I didn't spend that money". Felt richer as soon as I set foot in the airport. +I've read some posts from bigger pockets on the subject but I'd like to hear your views. + +Obviously this varies by state because some states make it illegal to ask about immigration status and others make it illegal to rent to illegal immigrants. + +I've heard that they will never miss rent because they don't want to find themselves in a court room but on the other hand how could I evict if they lie about their names? + +What are your thoughts? +I had a longterm girlfriend who I broke up with just over a year ago. We rented the same place for five years. She was always terrible with money while I slowly saved a small pot of £9k that I always wanted to use towards a house. For a variety of reasons we split up, one of them was that one day I found out she was in debt for around £6k and had kept this from me. This was mostly made up of payday loans. I was hurt and furious. + +When we split up I stayed alone in the flat until the contract was up and then temporarily moved in with my parents while I enjoyed some home comforts and looked towards getting my own place. + +I had intended on staying only a few months but I quickly realised I had underestimated the amount of money I'd needed to move out. This was in June last year so almost exactly a year ago. My parents charge me £120 a month which is meagre and very kind of them. + +I work for the NHS in an Emergency Department. My salary was approx £17.6k this time last year but I worked hard and impressed enough to get a new, higher role which I started in January and as of April pays £19.7k (band 2 to a band 3). Still not great by any stretch but better than it was. The job is also very secure which I have come to appreciate over the last few months. + +I have worked extremely hard and saved money aggressively. I've sold boxes and boxes of my old stuff and raised about £2k on eBay. I've utilised a LISA across the last two tax years and received £2k in government bonuses, and picked up overtime at work wherever I could. In twelve months my savings have gone from £9k to £22.5k so I am in a much better position now than last year. + +And yet it still feels like I am a million miles away. I could probably afford to buy a £120k property at a push - certainly no more - and the propertes in my price range aren't great. I live in Leeds so property prices are quite high for the North. Honestly I didn't think I was going to get a palace or anything but what worries me is the type of area I can afford. I don't want to buy a house in a rough area. + +I honestly can't see me having enough for another few years, and after such a huge effort to get this far that is incredibly soul destroying. I'm 28, don't have a good salary, don't have a partner, don't have my own place and can't drive (I was taking lessons, finding it very stressful and difficult, but Covid has put them on hold for now anyway). I know I need a huge deposit in order to secure a better deal on interest and capital loaned. Mortgages still confuse the hell out of me. My current goal was to save £25k for the deposit and legal fees, then save a £3k emergency fund and £2k for some basic furniture and redecorating upon moving in, but honestly now I think I'll need a whole lot more. + +Honestly I am just feeling so down right now. I had no idea how hard this was going to be and it's all just taking its toll. I'm sorry to unload a bit but I just wanted to get it off my chest. + +A big thank you for this subreddit - I check it every day on the bus to work and it is undoubtedly my favourite sub with a great and helpful community. + + +***Edit:*** I am moved by the responses this post has received. I've literally been moved to tears reading some of the replies. Thank you everybody who has taken the time to reply and I can't tell you how much I appreciate your support. After such a tough year it feels unbelievably comforting to receive some virtual high-fives and pats-on-the-back. +Several people I work with are deep into GME and not all are a fan of the sideways trading. I remind them of the FTD's, new regs, the Russell 1000 etc. + +But the thing that always seems to perk them up the most "Could you imagine how beaten, frustrated and tired the dumb bastards at the other end of this feel right now?". + +They've shit talked not just retail, but an entire generation and beyond and now their games don't work. The rules of panic selling no longer apply. + +They can try FUD, they can try dips and flash crashes, but a bunch of fucking retards look at it and gobble it up and nothing they do will make apes fucking sell! + +MSM articles and interviews to shit on GME, diversions in precious metals (tanking), diversions with crypto (that shit has crashed 4 times?) and pushing other stocks only for "Nope, still holding." + +So, if you feel frustrated due to one week of sideways trading, they've been sitting for 6 months knowing that they're dead in the water. They just desperately fight to get to the next day while retard retail buyers mock them and laugh at stupid fucking memes. + +Now with 002 they're going to lose the complicit safety net of their lenders not being willing to issue margin calls because it'll hurt them as well. Now it's a computer who decides when they die.. + +Buy, hodl and wait for launch. +We have a buy pressure floor that is rising just as fast as the margin debt ceiling is falling. + +Eventually these two "lines" are going to converge - and this is when MOASS will **inevitably** happen. However, at the moment we know that the **Fed is currently unable to print any more money; or sell bonds**. + +Mitch McConnell is fighting with Dems to lift the ceiling; because without doing this; that convergence point is getting ever closer by the day. They need this to happen to delay MOASS. + +Edit : (/u/Careful-Translator51) - **I made some statements opposing this overall argument; but I have** [**learned**](https://www.reddit.com/r/Superstonk/comments/opezb3/recent_events_are_proving_that_we_are_currently/h658i9v) **that I was incorrect /misleading with some statements I made in earlier conversations within this post** + +>McConnell declared he believes not one single Senate Republican would support raising the debt ceiling, which expires at the end of July. The federal debt has reached $28.5 trillion. + +[~~https://www.breitbart.com/politics/2021/07/21/mitch-mcconnell-takes-stand-on-debt-ceiling~~](https://www.breitbart.com/politics/2021/07/21/mitch-mcconnell-takes-stand-on-debt-ceiling/) + +[https://thehill.com/policy/finance/564067-mcconnell-warns-gop-wont-vote-to-raise-debt-ceiling](https://thehill.com/policy/finance/564067-mcconnell-warns-gop-wont-vote-to-raise-debt-ceiling) \- more "PC" friendly link; story / facts remain the same + +Feds **NEED** to lift the ceiling to print more money / sell more bonds. Without this they are FUK and cannot short any longer. + +The only thing that lifting the ceiling would do is push this can further, and make the aftermath even **WORSE**. The sooner this happens, the better off we will be because less damage will be done (versus delaying ever longer). Printing **MORE money** means **MORE inflation** that **WE will have to pay for later** if ~~THEY win~~ the ceiling is lifted. + +We are literally in the end game. Resistance (IE: Las Vegas victims) efforts through shills are picking up; getting more and more aggressive and "violent"...death threats to mods....RedditCares alerts. It is happening - this is undeniable. We are getting CLOSER! + +HEDGIES R FUK. **BANKS ARE BLEEDING!** +Wass'up? + +So, recently there was a video shared in here in which our favorite rat was telling everyone how Citadel was doing... JUST.... FINE. This made me curious.. like, really curious and made me look up the financial statements of Citadel on Edgar. Who would believe that finally something this muppet was saying steered me in the right direction? + +https://preview.redd.it/f9crjie227i71.jpg?width=1917&format=pjpg&auto=webp&s=e2c7432e31c6af8152e85d40b428a0c18481c13a + +So, here's my disclaimer first: All of this crap here is my personal opinion and it's not financial advice. Like: for real, DO NOT TRUST ME, I am fucking retarded. I counted my toes today three times and got four different results, like, WTF. + +Also, English is not my mother tongue, if I'm off when it comes to language mastery, please be gentle. + +Also: Please poke holes into this here. I will be happy to correct mistakes and point them out in edits. I honestly believe the more eyes look at that the better the result will be. + +tl;dr at the end, you lazy bastard. Ok, let's go. + +&#x200B; + +https://preview.redd.it/fyx9hcv927i71.jpg?width=1024&format=pjpg&auto=webp&s=c0722650106d94a0aa552f415ee11be56e10ea4f + +I'm a big financial statement aficionado, because it's much harder to just pull out some random numbers out your ass (but still, not completely impossible). The secret ingredient is double entry book-keeping. Also, I noticed that there is quite some misunderstanding in here when it comes to as how a balance sheet actually works. I pointed this out when some very wrong statements regarding bank balance sheets were made, but this did not get any traction at that time. If somebody is interested in an ELIA for how to fucking read a balance sheet and why it looks like it looks, leave a comment. + +Also, financial statements are typically audited by a third party like Ernst Young, PriceWaterhouse, etc. (LOL). Well, let's just say that's not a safeguard against fuckery (looking at you, Wirecard), but at least somebody is kinda looking over it. + +I really feel like a deep dive into the financial statements of those companies who we all believe are short GME has not gotten enough love. Here's a couple of things that I found. + +Citadel Securities LLC is the broker dealer arm of Citadel (not the hedge fund). It is also the market maker for GameStop shares. If will refer to that company as CS from now on. + +Here's the balance sheet of CS as of Dec 31 2020: + +Source: [https://sec.report/Document/0001616344-21-000004/](https://sec.report/Document/0001616344-21-000004/) + +&#x200B; + +https://preview.redd.it/3rpks9c447i71.png?width=889&format=png&auto=webp&s=2e28e618482b9a4b2d623b2b77dda26480569813 + +Here's the balance sheet as per Dec 31 2019: + +Source: [https://sec.report/Document/0001146184-20-000006/](https://sec.report/Document/0001146184-20-000006/) + +https://preview.redd.it/zirjovyp47i71.png?width=828&format=png&auto=webp&s=2a90434c24c2b6548e3406c4be7078f2b8e9a02c + +And 2018: + +Source: [https://sec.report/Document/0001146184-19-000002/](https://sec.report/Document/0001146184-19-000002/) + +https://preview.redd.it/3ijg6hyz47i71.png?width=810&format=png&auto=webp&s=64f7d83422d77c8bbac86dccf2136deb036a7e55 + +The years before 2018 always hover around the 30bn $ total asset mark. + +So, CS increased the securities that they hold from 26bn $ to 66bn$. Those securities are accounted for at fair value, which means: + +&#x200B; + +https://preview.redd.it/wrcvbly367i71.png?width=443&format=png&auto=webp&s=c8343b604c60385be2e5e43e261765c383243720 + +So, it's based on market value. Ok, we had a huge fucking bull market in 2020, right, so if you hold shares in 2020 that value should have increase by what, 30-60%? However, this does not explain the increase in the position if we take a look at the liabilities and member's capital. + +Member's capital increased by 1.5bn $ only. (Unfortunately those filings do not include a profit and loss statement that you could study to understand where this increase exactly came from.. it might be profits for the period of 2020, capital increase, etc). + +The lion's share of their increase in assets was financed with debt, and in particular by an increase in the position of "securities sold, not yet purchased, at fair value" by 32bn$. So what the fuck is this position, do you ask? It's their fucking shorts. So, this increase might be explained by some losses they have incurred but not closed out in their short positions held before, but I would assume that the majority comes from increases in the volume of shorts. + +They are using shorting to raise money to go out and acquire other securities. + +Here's a couple of other interesting things that I found: + +https://preview.redd.it/iiya3wpy97i71.png?width=437&format=png&auto=webp&s=782b0db9b602e1b5314586cdfd0751fbb03b2c68 + +So they borrow securities to cover short positions and then - if applicable - net those liabilities out so that they will not show up in full amount on their balance sheet. Well, and they will do this business with associated broker dealers. + +&#x200B; + +https://preview.redd.it/qmns4ylca7i71.png?width=462&format=png&auto=webp&s=c8204a251a275f9f3d5328e499a4accc8e62fe9b + +This one here caught my attention: + +&#x200B; + +https://preview.redd.it/ajwszvb6b7i71.png?width=433&format=png&auto=webp&s=54e5d3cf8b21b49df7a3596b1323790b4e1afb77 + +On page 14, under the headline "Reverse repurchase and repurchase agreements" it is mentioned that "it is possible that the terms of these transactions are not the same as those that would result from transactions among unrelated parties." (see screenshot above) + +I find it remarkable that that statement is made under the "reverse repurchase and repurchase" paragraph and not under the "expenses" paragraph, where it would expect such statement to be made if it only would cover pricing of services. It seems to relate to the actual pricing of transactions. The involved parties are CSIN (Citadel Securities Institutional LLC - ) and CSSF (Citadel Securities Swap Dealer LLC). + +CSIN is an affiliated broker dealer, that engages in "options order routing as well as trades U.S. government securities and equities with institutional and broker and dealer clients." + +CS engages in "market making and liquidity provision in U.S. options, equities, government securities, and foreign exchange products, as well as trade execution." + +We know that market makers have some special exemptions when it comes to shorting as we have learned from RegSho: + +Source: [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm) + +&#x200B; + +https://preview.redd.it/yx5vhsmye7i71.png?width=529&format=png&auto=webp&s=9072cf040592f5d5051f17dd45f076e7f06cfbad + +So... CS is GameStop's market maker. They can naked short in bona fide market making. The enter into reverse repurchase agreements and repurchase agreements with affiliated broker dealers whose terms "are not the same as those from transactions among unrelated parties and such difference could be material". And, those terms typically include the possibility for rehypothecation, for both reverse repurchase and repurchase transactions: + +&#x200B; + +https://preview.redd.it/r7rdn2zpf7i71.png?width=425&format=png&auto=webp&s=674ea64d87341a65f5c3320fae4aa097cc020103 + +They use securities received to cover short positions. + +So CS can pledge securities to CSIN who then can pledge the same security to CSSF who can then pledge if back to CS? And those transaction could be not reflecting market pricing? And the positions can be netted out between the participants, even with a massive possibility of rehypothecation between three affiliated parties? (the merry-go-around) + +What the actual fuck. + +TL;DR: Citadel sets it own terms for transactions between different broker dealer businesses they operate. They use reverse repurchase and repurchase agreement and use securities received to cover short position. Terms of those agreements between the affiliated parties might be of material difference. I haven't seen much attention given to this topic but the financial statements seem to point in that direction. + +🚀🚀🚀🚀HODL. To the moon. + +Edit 1: Wow, this got some attention, I'm going through comments now (I'm in another time zone, so just woke up, lol). Will add edits. + +Edit 2: Related parties by u/Intelligent-Rough-54 here: [https://www.reddit.com/r/Superstonk/comments/p73nx2/they\_see\_me\_accountin\_they\_hating\_a\_look\_into/h9h98a9?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/p73nx2/they_see_me_accountin_they_hating_a_look_into/h9h98a9?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Hey. So, I just have some YouTube videos uploaded about playing Minecraft, so I think you are confusing me with somebody (not even joking). + +I totally agree with you: Transactions with related parties are very common, but I believe very often this is where you can actually hide stuff best. + +An example: Let's say you have an asset on your balance sheet that starts to stink. For the lulz: A banana. You bought the banana two years ago for 1m $. You auditor looked at, thinking: well, that's a hella expensive banana, but it's fresh, so let's not question it. Time passes and what a surprise: Nobody is buying the fucking banana from you for 1m$.. and, it really starts looking like shit, it's old and u/rick_of_spades was playing around with it. Yikes, what is the auditor going to say about the banana? He might wanna make me reasses the value of it. So let's sell the banana to a related party (my wife's boyfriend), he said that he will happily pay 1m$ for it. Time passes and the auditor shows up and he is really keen to know what happened to the 1m$ banana in my inventory. Good news, I no longer have it, but now I have a 1m$ receivables toward an affiliate party, but don't worry... it's really worth 1m$, you will see it by end of next year, when it's gone for something else lol. + +Also, this item I personally find spicy in combination with two other statements: Namely the rehypothecation statement (everything I receive I will just use over and over again) and that transactions between parties might not be at market value (or arm's length as it is called). The latter might have a material impact. So, in my example above, we might agree that nobody in a market transaction would pay 1m$ for that stinky banana. So, the right thing to would be to throw the fucker away and write off 1m$ (leading to a loss of 1m$, eating up my equity, etc.). Since the transaction to my wife's boyfriend however is not at arm's length (I made him pay 1m$ because he loves my cute little butt), I avoided that. + +Typically when doing transactions with related parties you will look to do them at arm's length. There are many implications when this is not done (moving profits between companies, not valuing things correctly on your balance sheet, etc.). The statement says that this might be the case, it's not saying that it is happening. + +The combination of those three things just shows that this is a wonderful way to pass shares around between related parties basically indefinitely and due to netting agreements not let them show up in your balance sheet. If I needed a way to kick "the can down the road", that might be a neat place to start. + +&#x200B; + +Edit 3: So, a couple of people are interested in a short ELIA regarding how a balance sheet works. Aight, imma draw one up, gimme a couple of days. + +&#x200B; + +Edit 4: + +https://preview.redd.it/80ozrl7cwai71.jpg?width=652&format=pjpg&auto=webp&s=1cb444b603abf3ac5a779c2d117389ac4ba95111 +This post is for anyone who has made an extraordinary amount of cash over this crypto/stock bull run. + +This is coming from a guy whose parents were dumbass spenders when they had money and then had nothing after 2008. I witnessed it first there. Money, the great illusion. This is my story… + +I grew up in a dysfunctional family like most of us. I was born in Chester South Carolina and lived in myrtle beach from 7-18. My dad was a car salesman who owned a used car lot from 2002 til 2010 when he lost it dude to poor decisions and blaming Obama for everything. My moms been a second grade teacher for 35 years. My dad made lots of money for a time. He never saved. New motorcycle, new boat new cars, new this new that. He was never good at showing love so buying shit was his way. So you could say I was a little bit spoiled as a kid. Then high school came and all that money he made went into drugs. He’s pay 1$ a mg for OxyContin and always kept a full bottle. I remember stealing them and selling them so I knew what was up. He was a fucking train wreck. He let the money and the careless lifestyle get a hold of him and it stole away my dad. Before my parents could blink I left after high school graduation and joined the army and began my own life journey. I was too careless with money. Every check I got was blown at the club or on new clothes. I was good to go until I turned 20 and got kicked out for failing a drug test. I tested hot for cocaine. A drug that leaves your system in a couple days…. I was a habitual cocaine user for 3 months leading up to my discharge. I barely kept a dollar in my name man it was a rough rough time after that. I worked as a professional mover and a server while I worked through school. Had my mom not pushed me that wouldn’t have happened either. During this time I found crypto. Long story short a buddy of mine was mining with a 3.5m/h rig that looked like a server rack and making 15 litecoin a day… I WITNESSED THE GENESIS OF DOGE DUDE. Needless to say my thirst for quick wealth began but I was broke!!! I went so far as to sell my car to buy litecoin and I remember I sold my car for 1000 bucks and bought about 100 litecoin in 2015 only to sel it to pay my light bill a month later… the struggle was real. + +Eventually, I met my eventual wife at 21 and my life instantly changed. I finally found a source of stability in my life and was able to focus on achieving goals. I was always into working out and since my degree was exercise science I naturally fell into personal training. I created my own business in 2014 and spent the first 3 years grinding my dick off building this thing. In February 2018 I had my first 10k month and never looked back. For 2 full years I made between 10k and 15k a month and by Jan 2021 I had saved exactly 100k up. Now the fun begins…. +(I got in on the crypto run of dec 2017 and got crushed on vechain and sold for like a 90% loss on 5k only to watch it go way above my original price recently and was forever scorned. I completely watched from the sideline on this last bull run and instead bought a mining rig)… + +I got into stocks in 2019 when I bought my first shares of apple. I then really got into it in 2020 during the crash. I got really really into it when I discovered options… by sept 2020 I had 30k insvested. By January 2021 my portfolio has rocketed but I was still at 30k because I was in so deep on a 300$ baba call. I then found $BLSP on January 16th for half a penny and watched it go up %450 in one day. I liquidated my portfolio and went all in on penny stocks. I was gooood at it man I was in and out for huge gains for 4 weeks straight and took my folio from 30k to 210k…. And then just as quick and as easy it came so too it went… I managed to lose 70k over the next month. The last loss was 24k on gme puts. I almost got a divorce from that one real talk. Then we bought a house and moved to a new city. I shut the doors on my business and got a new sales job while my wife works as a nurse. I took some time away from trading but the bug never leaves you. In July I got back in the game... i started with hood old pump n dumps like RSLS and DLPN and made like 7k in a week doing that. But I got bored with that and I started trading big on the daily spy options. I got lucky as fuck on the recent dip to 422 and bought puts and rode them all the way up to 75k in profits off two days trading.... I was up to 90k profits in less than 2 weeks. Now Having been through this situation before you'd think is learned to quit while I'm up right? No, I thought I had way more to go, I was already calling myself a millionaire because I thought I'd figured out a system that worked... emptiness and greed were all I felt. Naturally life has a way of making you humble. Some sooner than later. I lost 50k in one day, then 20k, then 15k, then another 15k. Took my bank roll from 140k to 40k in one week... luckily I have now closed that account, and I'm stepping away to get my head right. + +In summary… +I have made 200k in 2 weeks and lost half that in a month. Then I made 100k in a week and lost all of it the next week In four trades. Both times I made all that money, all that I felt was greed. There was nothing satisfactory at all with it. Buying shit gets empty. Im not a lavish guy either so I live very practical. I was empty inside with 6 figures in the bank. All that money can fuck you up mentally and make you feel like you don’t need to work anymore and it just kills your drive. It fuels greed and the desire to keep the game going. Now I’m Chillin with 40k in the bank and to be honest I’m cool with that over the stress trading has caused. My wife is a nurse and I bring home about 5-10k a month depending on my sales job. And I also have a 600m/h miner that makes me roughly 40$ a day. Idk my point is just set yourself up with a reasonable stable life and don’t get caught up in all the hype that money brings. It’s fucking poison. Get a decent job. Wake up and have a purpose. Get a purpose if you don’t. Chasing money is not the answer. Take it from me: MONEY DOES NOt BUY HAPPINESS. What it can do is provide stability in your life and all you need is a good job to accomplish that. Day trading as a pro requires a lot of variables to fall in your favor and trying to make your self into something your not is a hard truth we all must face. Be careful out there and everybody love everybody! + +Edit: ok so the generalization of money not buying happiness was a fail. It’s a very weak leg to stand on. I get it. For me personally I have found that when you can’t make enough to pay bills yes it sucks and it can make you stressed and unhappy. But even that situation is all about perspective of the individual. You see there is no right or wrong answer on how you feel about money. You either let it enslave you or you live life with gratitude no matter what. Because this fucking life is more valuable than anything money can buy and once you truly understand that you’ll be rich for ever…. I still am working on understanding this concept but damn if it’s not beautiful + +Edit edit: guys I’m also going to admit that yes this was gambling. What’s even more stupid is I know how to risk manage I just throw risk into the wind when the adrenaline starts goin. This clearly is not the right time in my life to trade and I just hope anyone else reading this that feels like a gambling addict with no purpose hopelessly trading away in hopes of achieving financial success finds this helpful…. Sometimes it’s healthy for us to share our struggles. Reddit is a great place to do this so any support is greatly appreciated and any hate is ok too. To all my addicts in the struggle…. Take a fuckin break and re evaluate yourself. Is your head right? Is your life stable enough to handle the ups and downs? Do you actually know how to make a plan and stick with it? If you can’t answer yes to those three simple questions then sit down and get your life together. All I’m saying. +My wife & I retired. Have enough watching Netflix, thought fruit picking may be ok as its only few months a year & good for the body (hopefully) & mind. She had a quick look of the fruitpicking ads & say the pay may be $150 per week. I thought it can't be that low, understand most are paid per basket, but what is reasonable $ per day ? +I'm only sharing this because I suspect many other people struggle with this decision and what is "the right thing to do". + +I will surely end up regretting this decision, but then my life is littered with regret over making bad investment decisions at the wrong time. However, any regret I might feel is tempered by some peace of mind I have gained back. + +The simple answer why I sold half of my bitcoin? Because I had risked more than I was willing to lose. It's truly as simple as that. + +I have seen my paper bitcoin profit rise by over 400%. Both the current value of that investment combined with the amount I had originally invested was enough money that, were I to lose it all, it would be extremely painful. + +Meanwhile, while holding this large paper profit, I had an equal amount of unsecured debt in the form of home improvements/repairs previously financed and my children's student loans. + +By selling half of my bitcoin, I was able to completely pay off 100% of my adult children's student loan debt, something which was weighing them down heavily as they try to start their lives. It is a great relief and gift to be able to give them this fresh start. + +In addition to paying off this unsecured debt I was also able to pocket substantial profit such that the remaining bitcoin I still hold has a cost basis of essentially zero. All I can lose now is paper profit, but I will always be able to say I made a great return on my bitcoin investment and helped improve the lives of my kids substantially. + +Now that my remaining bitcoin has a cost basis of zero, it's much easier to let it ride indefinitely. If bitcoin ever does 'go to the moon' I will still do very, very, well. But if it has a massive price correction I can accept that much more easily. + +Frankly Bitcoin is still a very risky investment. With threats of hard-forks and threats from the state, there are no long term guarantees. + +I also did it for another reason. Because I had money at risk, certainly more than I was willing to lose, I was finding that I was feeling undue stress and anxiety about the bitcoin price roller coaster and that wasn't helping. + +This post is not to convince any hodler to sell, ever. However, for those who are sitting on long-term paper profits and feeling high anxiety about it, maybe my story offers something​ to think about. + +**edit** + +This is the first time I have sold any since October 2013. +You idealise a 5’5 cuck who can’t talk without getting out of breath every sentence, because of the amount of SHIT he’s tryna talk all at once. + +Now, let’s get into the sad stuff. + +Jordan stole from, lied to, connived against, scammed, ignored, and killed a LOT of retail investors for nearly a decade. + +Who did he do this to? Us, the apes. + +He is an ape killer. Multiple ape families lost everything directly as a result from Stratton Oakmonts greed, lies and manipulation. Sound familiar? Bit like Citadel no? + +So many ape suicides are on this motherfuckers hands. Apes killed themselves because of this man. Let that sink in. + +Imagine if you will, waking up one day ready for another day of trading, you open your broker app and everything is just .....gone. + +Everything is shut down, a banner has replaced the usual portfolio page saying “404 error”with a picture of a fucking CAT looking at you. + +You had EVERYTHING in that trade, your kids college fund, your future mortgage payments or life savings. You were promised riches - the wolfs DD was very convincing. Now......poof. Gone. + +You look at your wife’s smile as she asks what’s wrong, how can you tell her? + +You look at your kids, their little faces looking up, so sweet and innocent. + +“What have I done?” + +You go to the garage and weep. Take the hosepipe, put it in the car exhaust and sit in the drivers side. “Breath boy. It won’t hurt. They will be better off.” + +That was the reality in some capacity of a LOT of apes because of this man. He should be banned from this sub. Nothing but a Charlatan, lier and murderer. Ape poacher. Ape killer. + +I don’t know about “Wolf” - but he’s the slipperiest snake in the banana forest. + +We love LEONARDO DI CAPRIO. A kind man, who cares for apes and the habitat (quite literally) - a great actor who made little Jordan look cool. + +Little Jordan is NOT Leo. Stop promoting him. He is just as bad as Bernie, Ken, Gabriel, Vlad and that Asian man who scammed his way to bankruptcy lately. + +Read the book. You will see what he really did. The film is a very condensed version of who he is. Just a short ass little scum bag. + +Look after yourselves apes. +Love you all +Harry ❤️🦧🦍🤲🏼💎🇬🇧❤️🚀🚀🚀🚀🚀 + +EDIT: JB says he teaches the “straight line” technique to legit businesses. I used to work for two companies that turned out to be scams.Wine/Land/Art dealers - all here in the U.K.. I’ve redacted the names. + +Guess who was flown over and came and trained the floor? AND who wrote the scripts for them? + +You guessed it. Cuck Boy + +EDIT 2: No I was not a salesman, I had a small printing business and done their brochures etc. + +EDIT 3: Feel free to repost this to help new apes if anything. Just credit me. Thanks + +EDIT 4: I included his height because that’s his height. I’m 6’1 and he came up to my chin on a good day. In no way am I slandering short apes. It’s included only for depiction and presentment. 😂❤️ +As the title states I just bought my first duplex for 135k a few weeks ago, one side is rented at $845 (tenants pay utilities)and I have two roommates in my unit paying me $615/ month (utilities included) + +I got approved for an FHA loan at 3.5% down +According to the bank I have to live in one side for at least 12 months. After which I plan to move out and rent this one out as well. + + +Each unit is in the neighborhood of 2500 SQFT. And 3br/2.5 bth + +I’ll be cash flowing about $630 month. + +Now that I have my first deal. What are some strategies I could use to grow this into 12 more duplexes with in the next year and a half/two years? + +Thank you all for the motivation. + +Also I am a real estate agent, I got my license only to use it as a catalyst to become a full time investor. + +Thanks in advance for your advice. + +Property photos: https://imgur.com/a/Pz9A5Zw +As the title states I just bought my first duplex for 135k a few weeks ago, one side is rented at $845 (tenants pay utilities)and I have two roommates in my unit paying me $615/ month (utilities included) + +I got approved for an FHA loan at 3.5% down +According to the bank I have to live in one side for at least 12 months. After which I plan to move out and rent this one out as well. + + +Each unit is in the neighborhood of 2500 SQFT. And 3br/2.5 bth + +I’ll be cash flowing about $630 month. + +Now that I have my first deal. What are some strategies I could use to grow this into 12 more duplexes with in the next year and a half/two years? + +Thank you all for the motivation. + +Also I am a real estate agent, I got my license only to use it as a catalyst to become a full time investor. + +Thanks in advance for your advice. + +Property photos: https://imgur.com/a/Pz9A5Zw +Hello friends, I'm a complete newbie to RE. I'm renting right now and have a stable income. I'm thinking of buying a property within 12 mos which I could pay mortgage for a couple years and then put it to rent. The city is on the outskirts of a major city and will keep growing. + +Seems "easy" to get into Real estate. + +Thoughts and any concerns ? + +EDIT: THANK you to all of you for the kind answers and info. Appreciate this sub! +As of market open, Nio, Xpeng, and Li had market caps. of 71, 35, and 31 billion, respectively. This totals 137 billion. Gm, Ford, and Fiat Chrysler are worth 57, 33, and 29 billion, respectively. This totals 119 billion. + +&#x200B; + +Anyone have thoughts on this? +Gamestop intentionally changed their earning report dates to overlap with running peak of cycle. + +Because they already knew the cycle. + +But I think they should have solved the problem about SEC. + +So they provided share-offering to solve the legal issues. + +and before , The regulations were not in effect. (Mar Cycle , Jun Cycle) + +but this cycle is the first time the regulations will be in effect. + +&#x200B; + +In Sep 8th , they will announce big news. + +The game finally stops. + +Ahh.. MY BAD. + +&#x200B; + +The game finally begins. + +&#x200B; + +&#x200B; + +He already planned this in 2020. + +https://preview.redd.it/g3s469n0ftk71.png?width=400&format=png&auto=webp&s=eb277a10a47f81e079730c348f6449f885818f03 + +&#x200B; + +&#x200B; + +&#x200B; + +Good luck. +Interesting deal on the hook, my first foray into commercial RE. + +TL;DR: Analyzing this deal, then extrapolating if I did this same deal ten times, to create $5mm. + +I would greatly appreciate feedback from experienced CRE investors. My whole goal is to create a scalable, sustainable, and safe business model in CRE for myself, but more importantly any investors or partners. + +I am just about to start DD, so the info on the below deal will not be 100% complete, but it's where I am in the process currently. + +My RE experience is with SFR and small multi BRRRRs, wholesales, flips, rentals since 2009, but as a business the last 5 years. My first thought on 100% financed deals is: Danger! But buying at a discount, thoughtful structuring, liquidity, and upside potential can turn overleverage into responsible leverage, like with flips and the BRRRR strategy I have done a bunch. + +Back to the Deal: + +List Price 1.9mm, agreed on 1.5mm + +Financing: Bank 75%, Seller 25% carryback. + +Commercial strip mall, 9 units, fully occupied. No 1 tenant is more than 20% of the sqft. MSA is decent, growing, neighborhood is C class (busy street connecting residential to industrial, not much around) B- building (1990s build). + +Seller carry-back loan terms: 6.5% interest only payments, 5 year balloon, and first 6 months no payments after closing (to help build a reserve fund for capex and/or vacancy). + +NOI for 2022: **114k** with some vacancy. + +NOI for 2023 (my estimate): 129k + +DSCR including the seller carry: \~1.03 + +DSCR w/o seller carry: \~1.28 + +Year 1 Cashflow: \~$3,400 (very low, I know, read on) + +. + +About the Seller: 2nd owner of property, owned for 10 years (purchased with windfall $), moved out of state, only CRE property they own, on the market almost 1 year. + +**Cons** of this deal: + +1. Obvious one first: High leverage / low year 1 cashflow / Vacancy Risk: I am mitigating some risk by getting 6 months no payments for the seller-carry loan for reserve account build-up (\~$12k), also getting 1 month rent before bank payment is due (\~$8,500). 1st 6 months of ownership I should have \~$22k in reserves just from the property itself. I don't want to feed this property, but do have 500k liquid atm, if I need to feed over the short term. +2. Not my local market, so I don't have the same confidence, but willing to learn before earnest money goes hard. Also I'll be vetting this deal pretty hard during DD, looking for any and all red flags. I'd rather pass up a deal then get locked into bad deal. +3. One big "office" tenant (occupying 15% of building) will be leaving this August. Vacancy likely but opportunity to increase rent rate on a new lease too. Won't be another big tenant lease renewal until 03/24 then 11/24 (both OG tenants tho, decent likelihood of renewal and rent bumps). + +Pros of this deal: + +1. Very little $ out of pocket so I am not risking much capital initially. +2. Upside potential = NOI has room to grow, i.e. rent raises, add signage/billboard for high traffic area (20k cars/day), more room to build on lot. +3. Tenant mix is good, few long term tenants in place, motivated seller. +4. Debt reduction of \~ 19k/yr avg thru 5 years, 96k total. +5. Plan is to have the NOI increased and stabilized, leading to a value of \~$2mm by year 4. This will create \~500k in equity which will be kept in the property when I refi at year 4 or 5. New bank loan would be for 1.5mm, covers seller carry payoff, and hopefully interest rates will be lower by then, helping out cashflow even more. +6. Improved mgmt / less vacancy: **IF** I can manage the property better and reduce vacancy 5% it could be another 10k in cashflow / yr. Get vacancy down to 0%, an extra 20k cashflow / yr. I'm expecting 10% vacancy, but it would be icing on the cake if I had 0% for a couple years. + +&#x200B; + +As this deal stands, I believe it to be a solid base hit without much capital invested and without factoring in the upside. + +After I take over, manage better, reduce vacancy, increase rents, pursue any other value add strategies I can think of to boost NOI, I see the potential to create up to 500k in equity within 5 years on this deal, just by pulling a few levers. + +I always ask myself if I would do this deal, would I do 10 more just like it. Right now, my answer is yes, but I want my fellow redditors to ask questions and poke holes (thoughtfully if possible ha) because I am sure I have lots of blind spots. + +If I did 10 deals like the one above, estimates: + +Total cash outlay: \~150k (mine or investors) + +Debt Reduction: \~15,000$/mo OR \~$190k/yr + +Year 1 Net Cash Flow: \~$2,800/mo & \~%34k/yr (not much) + +Potential Equity Creation: \~$5,000,000 over 5 years. + +I am assuming all 10 deals were PP of 1.5mm. I might be getting a little ahead of myself, but I envision doing deals into the 3 and 5 mm range as I gain experience, contacts, confidence, etc. so that $5mm could be amplified as well, just depending on how each property shakes out. + +If you have made it this far, I thank you in advance just for sticking around. Please feel free to leave a comment about: + +1. Examples of deals you have done like this and how they turned out +2. Advice based off experience you have gained over the years +3. Any flaws in my logic, numbers, or assumptions. + +Don't bother commenting about: + +1. How hard it will be or how unlikely my goals are to be accomplished +2. Something you don't have experience with personally + +Again: I greatly appreciate your time spent reading this and responding with your valuable perspectives and advice. +https://www.cnbc.com/2019/05/20/google-stops-some-business-with-huawei-could-hit-its-global-smartphone-ambitions.html + +Google has suspended business activity with Huawei that involves the transfer or hardware, software and key technical services. + +That means Huawei will not be able to license the Android operating system complete with Google services and will instead have to use an open-source version. + +Analysts said that could cause big problems for the company internationally, where nearly half of its smartphone shipments go. + +Other Huawei suppliers, including Qualcomm and Intel, reportedly told employees they will not sell to the Chinese firm until further notice. +The company I work for told me last month I was approved for a 15% raise; that seemed like a lot but I have been really busting my ass this year to prove my worth (in preparation for asking for said raise) and felt pretty accomplished when I got the good news. By my calculations it would but my gross pay right around $54k, which for the field I work in is not too bad for a non-management position. My calculations told me I’d see an increase in my after-tax pay of about $400, which I was planning on throwing at my debt and car payment to expedite clearing them out. + +To my surprise, I checked my paystub this morning and my net pay only increased by $150. My gross pay seems to check out re: the increase I was told I was getting, but it seems like most of it has been swallowed up by taxes (over $1.1k this month alone). At the end of the day, my annual take home pay is only increasing ~$2k, off a raise that boosted my annual gross over $7k. So here’s my question: am I getting over-deducted in my taxes, or is this what the news means when they talk about the death of the middle class? + +ADDENDUM 1: I am paid monthly. + +ADDENDUM 2: Per recommendations from the comments, I went back and pulled my last pre-raise paystub to compare withholdings. My previous gross pay was $3,900 and my federal withholdings were $377/month; adding in Social Security and Medicare + my $60 in health care deductions, my total deductions pre-raise were ~$730. Post-raise: My gross pay is $4,552, Medicare and Social Security withholdings only raised a little bit, but my Federal tax jumped up to $763/month, over double what it was last month and is the bulk of why my total deductions were over $1.1k. I'm gonna check with HR and see if that's where it's supposed to be. + +ADDENDUM 3: Talked with HR, they confirmed there was a mistake with the paystub service/program they use in the federal withholding calculations this month; they've fixed the glitch and are crediting me back the difference. So, raise found! Thanks for everyone's thoughtful replies. +Welcome to the Daily Altcoin 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 intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + 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! + +Not sure if this belongs on this subreddit but I need help. Just got laid off, have a wife and 2 kids to feed, living in nyc, rent 2100 per month. Have $21000 in savings only. No more health insurance due to lay off. + +What should be my next steps? +Should I stop paying rent all together so I can feed my family? My lease expires in sept. If I break the lease they expect me to pay $4500 plus rent for the last month. There is no way I can afford that. + +This corona virus is too much. + +I’m a physician assistant, don’t really have other skills. + + +Edit : thank you everyone for the overwhelming amount of positive responses, I did not expect this to blow up. I had an emergency so I wasn’t able to respond to everyone (long story short my mother in law had severe pain and had to take her to an urgent care and then get some tests done). I have read many many amazing responses and now have access to many resources due to everyone. Thank you so much, I cannot stress how much your kind words of encouragement put my mind at ease and given me strength to move forward. I haven’t told my wife yet about being laid off, she had a stressful day worrying about her mom and I figured I didn’t want her to worry more. We also had a pregnancy scare, and it seems it was just a scare. I need to take a breather. Thank you all again and I will try to respond to everyone soon. +# Edit 5: see comment and unjack tits accordingly. These seem to be NFTs that were airdropped into the account that Gamestop is using to move money. The Gucci bear knockoff trail is too convincing for me not to strike this for now. [https://www.reddit.com/r/Superstonk/comments/t4bs4r/i\_may\_have\_found\_the\_treasure\_trove\_of\_gamestop/hyyzlwr?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/Superstonk/comments/t4bs4r/i_may_have_found_the_treasure_trove_of_gamestop/hyyzlwr?utm_medium=android_app&utm_source=share&context=3) + +~~Edit 4: Please Read Before Continuing! Mods, feel free to label this inconclusive until we figure this out.~~ + +>~~A) So people are saying the NFTs are all being sent from one address to a bunch of different addresses, and that this a scam. I can confirm the NFTs are being sent to multiple addresses, including this one. Check here for the most recent transaction.~~ [~~https://etherscan.io/tx/0x2a4e95fa7b462f8d6dc8f73f974fc3593c987f7683aa06d60746770aea7b261e~~](https://etherscan.io/tx/0x2a4e95fa7b462f8d6dc8f73f974fc3593c987f7683aa06d60746770aea7b261e)~~.~~ +> +>~~B) Did a little more digging and all of these NFT transactions are pretty recent and still ongoing. Is someone tossing fake NFTs onto a wallet that happens to be receiving millions in IMX tokens from Gamestop? They're paying over $100 in transaction fees per transaction. And not every wallet is getting the same NFTs.~~ +> +>~~IMX started sending the tokens on 2/1. These NFTs started showing up on 2/24. At that point there were still 2M IMX tokens being sent over every time, until 3/1. I'm not sure if this is a scam or the actual beast moving into place. I'll dig some more. Thanks for the comments everyone, this may be a nothingburger or the actual marketplace, we'll see.~~ + +~~Ok so I have no idea if someone found this first, but I would imagine the hype would be dialed to 11 if this is legit. It seems legit, but my tits have already fallen off so they can't get jacked any more. I stumbled onto this and am rushing to write this up so the community can go ahead and look through these. Enjoy!~~ + +**~~TL;DR~~** + +~~It appears the address where Gamestop is sending a lot of its IMX tokens has been minting NFTs from some big names, including Gucci, Louis Vuitton, Nike, Adidas, and even Snoop Dogg and Elon Musk! A lot of these transactions have been happening in the last few hours, some are from the last few days. I think we're finally getting the "content" for the marketplace!~~ + +# Main Course + +~~Fuck appetizers, leggo!~~ + +**~~You can find the different NFTs being minted~~** [**~~here~~**](https://etherscan.io/tokentxns-nft?a=0x1157a2076b9bb22a85cc2c162f20fab3898f4101&p=1)**~~!~~** + +~~Not all have the actual images, but some do. I've seen like 3 Gucci NFTs that are bears spinning around. Like this one, for example:~~ + +https://preview.redd.it/23yp7qjnosk81.png?width=1880&format=png&auto=webp&s=a8d7773173b4c067f20fc6426aa192e48a70b767 + +~~EDIT 1: someone pointed out the "Original Content URL" appears to be a scam bc it's 'guccl' instead of 'gucci'. I clicked on it and it appears it's just a link to the gif, so no worries. Thanks for pointing that out~~ u/nullstate7~~.~~ + +[Edit 1](https://preview.redd.it/lb5azc0oxsk81.png?width=1909&format=png&auto=webp&s=368bd134c71596525b383df8900d05748760d828) + +~~So how did I stumble on these? Well, I was reading some of the recent posts on here regarding the IMX milestones and decided to make a Sankey diagram to figure out where the money is headed (Haven't make that post yet). By happenstance, while tracking the erc20 IMX transactions and putting them in a spreadsheet, I saw a tab for erc721 tokens and clicked it and found these.~~ + +# Which Wallet is This In? + +~~Once I make the diagrams I want to make, I'll do a separate post, but here's what I did if you want to follow my work.~~ + +~~GME has been receiving its IMX tokens for its milestones at this address:~~ **~~0x8c1dcea14acce463d8806928860899ad6c8f615b~~** + +~~That address was sending a whole bunch of IMX tokens to this other address:~~ **~~0xb7fabf725d60700ff57bae72b666dc55646cde48~~** + +[That's tens of millions of dollars fyi](https://preview.redd.it/cqxd4cy9qsk81.png?width=1383&format=png&auto=webp&s=d943e12b77249b83aa2cf73357c4bd36350d4c7e) + +~~And this wallet was sending all that money to this other wallet:~~ **~~0x1157a2076b9bb22a85cc2c162f20fab3898f4101~~** + +[Look at the transaction dates and amounts 👀](https://preview.redd.it/ysi6zdxsqsk81.png?width=1385&format=png&auto=webp&s=cc7990e98bd1dfb4c921bdb14ab9f6e436b9b81d) + +~~This last wallet is the one with the NFTs.~~ + +[That last Gucci NFT is the bear one I copied above](https://preview.redd.it/wwiqpd79rsk81.png?width=1882&format=png&auto=webp&s=55953a7fb98bada4468c37c0b3d3eab430e38ea7) + +# Snoop Dogg Gets His Own Title + +~~Da da da da da it's the motherfucking d-o-double-g. SNOOP DOOOOOGG!~~ + +~~I legit have goosebumps writing this because we have some big names in these NFTs. This marketplace is going to be a lot more legitimate than anyone outside the loop expects. And imo it legitimizes some thoughts we had about potential partners, including Snoop Dogg, who has historically been bullish on Gamestop. Snoop Dogg if you're reading this, let's smoke a joint together post-moass, yea?~~ + +[Pic not showing yet, really wanna see what these look like 😅](https://preview.redd.it/2r16aat9ssk81.png?width=1861&format=png&auto=webp&s=fca08440867a5540c25bcc10f170acb4c8d12d58) + +~~And here's a bonus Elon Musk NFT 😁~~ + +[Pic not showing yet, but there we go](https://preview.redd.it/lsn1a7rissk81.png?width=1882&format=png&auto=webp&s=88fd32a10191de45ba9d2a27bcc150ec3c5815aa) + +~~Jack tits accordingly.~~ + +~~Edit 2: Inspiration post this is built on:~~ [~~https://www.reddit.com/r/Superstonk/comments/t0kp48/gme\_is\_letting\_us\_track\_the\_progress\_of\_the\_nft/?utm\_source=share&utm\_medium=web2x&context=3~~](https://www.reddit.com/r/Superstonk/comments/t0kp48/gme_is_letting_us_track_the_progress_of_the_nft/?utm_source=share&utm_medium=web2x&context=3) + +~~Edit 3: I've gotten some comments about the Gucci NFTs being fake because those were a limited series and it appears that there are addresses that mint a bunch of these and send them to different addresses. I've had 2 apes send me examples of this, though none of those interacted with this wallet. If someone has evidence that these are fake, please let me know and I'll edit the post as needed. The argument "those were a limited edition, so these are obviously fake" isn't a good enough comment. I'm looking for and sharing verifiable data I've found. And I can't ignore that Gamestop sent millions of dollars worth of IMX to and through this wallet. I've had apes confused about the link to Gamestop, so here's the link as simple as I can make it:~~ ***~~IMX --> Gamestop --> Wallet A --> Wallet B (the one minting the NFTs).~~*** ~~Where the money goes after that? You'll have to wait for my next post...or like...look this up yourself, it's all public and I give you everything you need to look all this up yourself.~~ +Edit x: Hijacking my own post to give u/Get-It-Got's post on Sears the visibility it deserves: + +[https://www.reddit.com/r/Superstonk/comments/pgi6qm/talk\_of\_sears\_gme\_the\_hive\_mind/](https://www.reddit.com/r/Superstonk/comments/pgi6qm/talk_of_sears_gme_the_hive_mind/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So I was reading this: [https://www.reddit.com/r/Superstonk/comments/pganze/their\_goal\_is\_to\_never\_cover\_their\_short\_ever/](https://www.reddit.com/r/Superstonk/comments/pganze/their_goal_is_to_never_cover_their_short_ever/) + +&#x200B; + +And the interesting part was: + +&#x200B; + +https://preview.redd.it/8ym2pi3ik2l71.png?width=1033&format=png&auto=webp&s=db32fe8fce5114305469a87530bf8deb8be4d985 + +Thankfully there's a TA;DR + +[ And what if those perpetual short positions were all at risk on the 27th so they had to shut off the buy button because we were litterally one day away from MOASS? ](https://preview.redd.it/uoqu2z29k2l71.png?width=1062&format=png&auto=webp&s=b287aa9de4d89e3fb8253b7a8181706c9e102bb2) + +&#x200B; + +And then I saw this... + +&#x200B; + +https://preview.redd.it/bw1tvonpj2l71.png?width=1084&format=png&auto=webp&s=fb46bfbb2370e1ba7bd973b8526802195d330b0c + +So I looked over here: + +&#x200B; + +https://preview.redd.it/ua3seioyj2l71.png?width=1049&format=png&auto=webp&s=4df7ee78dbecd963942ebbde3e7f6d55c9acc37b + +And then I looked at January: + +&#x200B; + +https://preview.redd.it/o15rmzajj2l71.png?width=1376&format=png&auto=webp&s=94d4accec7c0e1e545879941fe10499d5153024c + +And now I'm wondering, did we ever really look at these in January? Why would a dead, delisted company go from 32k to 3million trades? + +&#x200B; + +For reference, GME traded 93 million that day. Maybe retail bought the shares? Unlikely. It took a very deliberate search for me to find the Blockbuster stock. And, it's *delisted*. + +https://preview.redd.it/1w94mp4fl2l71.png?width=643&format=png&auto=webp&s=1fbd66b83f72e47c7ba3c8142814e344271dc0ea + +&#x200B; + +Did we ever really look at Blockbuster in January? What other stocks had a spike in volume on the 27th? + +&#x200B; + +&#x200B; + +Edit1 thanks to u/Get-It-Got : + +Sears traded 300k on the 26th, 6.88 Million on the 27th + +Further reading: [https://www.reddit.com/r/Superstonk/comments/oyw840/something\_about\_sears/](https://www.reddit.com/r/Superstonk/comments/oyw840/something_about_sears/) + +https://preview.redd.it/t1wrll7vo2l71.png?width=1348&format=png&auto=webp&s=d2e67b9e5c0727fffaaf5c27f26ff23dfa41227d + +&#x200B; + +&#x200B; + +Edit 2: u/rabble_rabble311 + +Toys R Us was a mixed bag at the time: + +&#x200B; + +[https:\/\/www.fool.com\/investing\/2019\/07\/23\/toys-r-us-is-coming-back-and-yes-you-can-invest-in.aspx \(yes yes, Motly fool blah blah\)](https://preview.redd.it/ldz6a5m4r2l71.png?width=1217&format=png&auto=webp&s=8393a9d3fe5594680becb4eebe29a0fb208f53d0) + +Toys R Us -- Holy mother of god: + +Mac traded 17Million on the 26th + +&#x200B; + +https://preview.redd.it/fayustbrq2l71.png?width=1356&format=png&auto=webp&s=038dfa8e6eb6f855f8a3d83ca7a87121587afed7 + +Macys traded 37Million the 26th + +https://preview.redd.it/3zhj2ef0r2l71.png?width=1363&format=png&auto=webp&s=f4f1291248a723c34a27c3baf25c27544ff8ac63 + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Edit 3 Borders: + +&#x200B; + +https://preview.redd.it/bj7yo0i0u2l71.png?width=1090&format=png&auto=webp&s=12745b428270996b47111b430ff69094a0b8ced6 + +BNED traded 800k on the 26th. Their price has moved a lot more, but focus here on the abnormal volume. It went from 800k avg per day, to 2.6million on the 27th. + +https://preview.redd.it/i35s7huwt2l71.png?width=1354&format=png&auto=webp&s=0b94f25a81ccefe4bd72ba9c1764e7e69f717be7 + +Edit 4 u/mcloudnl + +&#x200B; + +Tootsie Rolls + +https://preview.redd.it/mmxjpkmou2l71.png?width=1345&format=png&auto=webp&s=b2c550206ac5e27873af9fc9a4478ecceda1069d + +Edit 5 u/Get-It-Got : + +FIZZ, 700k avg, 2.6million volume on the 26th + +https://preview.redd.it/rfauoye0z2l71.png?width=1342&format=png&auto=webp&s=f45fff608a9b4db6bb1faa291c64fa5b2bbbe647 + +Edit 6: Blue Apron. Avg volume about 500k + +https://preview.redd.it/l9dh0g8yf4l71.png?width=1162&format=png&auto=webp&s=8127868d7aa83ec5b3ae5480ef01ad1605620d71 + +I couldn't find any interesting news for 25 Jan to 29 Jan either: + +&#x200B; + +https://preview.redd.it/ujtue4w3g4l71.png?width=844&format=png&auto=webp&s=bfe880ac57b4f58f336bffd5440c8e8ac044dde1 +Sorry if this is the wrong sub to ask this question. I work at a place where they will only keep x amount of full time positions and the rest of the team as contractors even though it is not intended as short term employment or frequent replacement. I'm just wondering what the logistics are. +I'm trying carefully to word this, I have no close friends. neither does my wife. this bothers us quite a bit. + +We both grew up in poorer families, we have now surpassed most of them in terms of wealth. it has now become clear to us, that the income level has change how we talk with them, as most are still poor. + +&#x200B; + +my questions which i hope doesn't get downvoted to hell. Do richer people in your opinions ( I am looking for a group answer here) generally form better bonds? or is it the opposite and the lust for cash means more then friendship for most. + +&#x200B; + +so at the end of the day i guess the question is, have you made better friends the richer you gotten or has it been the opposite or just the same +Boyfriend went on a night out, London. + +Bank card gone and PIN somehow compromised. + +Several cash withdrawals, and over 10 card transactions. The bank will refund less than 10% of the pending transactions. Various stores. + +I assume they’re refunding the amounts which were small enough to not use the PIN? +CCTV will show it’s not my boyfriend spending in the shops or or checking into a hotel. + +Does anyone have any idea if there’s any chance of us getting any money back? +Police referred us to Action Fraud who’ve given us a crime reference number but no one really seems to care (don’t expect them to really) + +Has anyone got any ray of hope I can share with him to help him feel better or even just other horror stories to make us feel better please?? + +ETA: it’s his card and his PIN and his money gone, I’m just trying to support +So my husband and I are avid readers of r/personalfinance and were strongly dismayed to get a letter in March stating our $99 AT&T bill had gone to collections... when we have never had an AT&T account. So we applied what we've learned from the wonderful people here and quickly sent off a letter via certified mail asking them to validate the debt. Two days ago, we received this letter below stating they can't validate the debt and are removing it from my husband's credit report and are ceasing all collection activity. + +Prior to reading the posts here, we probably either would have paid it or ignored it, causing a bigger problem. So here's a big thank you to the r/personalfinance family! We'll definitely continue to monitor our credit report to make sure it's actually taken off, but it felt amazing to know how to fight against it and win! +http://imgur.com/oEJ5NPb + +EDIT: Some people have been asking for the original dispute letter we sent, so here it is: [Dispute Letter](https://www.pdf-archive.com/2017/06/07/debt-dispute-letter/) +I have a quesiton, I just encountered Coinbase, and I just wanna ask if it is worth if I invest 300$ into Ethereum or do you think I should start with 1k (money I dont have) or sth? +This is just like a public service announcement cause it took me totally off-guard. I have a margin account and just use it for thetagang stuff. This morning my phone buzzes because Fidelity closed my PMCC on TSLA, a huge position, to meet a "minimum margin" requirement of $2k. This is even though the PMCC is totally self-secured, and my other options were just a few leaps. + +This is what the CS rep says: spreads have to be done on margin and so I had to have at least $2k in cash or equities and the requirement is regulatory. I found it here: + +[https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib\_marginaccount#:\~:text=Know%20the%20Margin%20Rules&text=Before%20trading%20on%20margin%2C%20FINRA,to%20deposit%20more%20than%20%242%2C000](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_marginaccount#:~:text=Know%20the%20Margin%20Rules&text=Before%20trading%20on%20margin%2C%20FINRA,to%20deposit%20more%20than%20%242%2C000) + +This is even though the PMCC and leaps had no margin risk. The PMCC is self-secured because early exercise of the short call (unlikely, but could happen) would just trigger exercise of the leap. The other long options were just lottery tickets. So there was no margin risk, but the requirement is what it is and Fidelity opted to just close whatever position was available to meet the requirement. I'd apparently be out of compliance for 3 weeks but didn't receive any notification or call. + +The rep basically said it was my fault for not reading the fine print! It was extremely frustrating cause they could have let me know, either via message or calling before the forced liquidation (which is pretty stressful to see on one's account randomly). They could also not let me enter into the transaction that dropped the account below $2k, but no. + +Anyway, just thought if someone sees this it might avoid a similar situation. The only saving grace was that TSLA was in free-fall this morning. I actually re-entered almost the same spread and avoided some of the pain. +I switched jobs at the start of this year from my previous long term employer and the new company seems to be fine but the team where I have been put in seems to be managed miserable and on top of it the team members don't trust each others due to conflict between them from a previous project(bad past). + +This has lead to a Toxic culture and I hate every moment of it when I am working doing pointless tasks and know that the delivery is going to miss the deadline as there is no direction. + +Next month I will complete my probation and if I move then, I will have to give a 4 weeks notice(during probation its 1 week). + +How do I get out of this situation ASAP? I was applying jobs from only linked in previously and doing the same now. But I guess its going to take a while to land somewhere. Do you guys use any other website ? + +Any other suggestions, contracting ? + + +PS: This is in IT. +I am not an attorney, this is not professional advice. + +Read this first if you haven't: [https://www.reddit.com/r/Superstonk/comments/opuziu/visual\_of\_the\_sft\_trades\_to\_prevent\_shorts\_andor/](https://www.reddit.com/r/Superstonk/comments/opuziu/visual_of_the_sft_trades_to_prevent_shorts_andor/) + +There are much more wrinkly brains saying they may not be able to read and understand the entire thing, but what is clear is they lay out in detail how they've been able to naked short and avoid key controls that were supposed to make it "impossible". Huh. It WAS possible. Weird. + +How many hours and lawyers did it take to write this thing. Dozens of lawyers? Hundreds/thousands of hours? + +For them to conclude that there maybe/should be optional recording of this method that works around all sorts of OTHER key regulations that were supposed to make this "impossible"? + +This is so big bosses can point out in court or congress that they were just following guidelines as understood by the "regulating body". + +"Who wrote these guidelines?" + +"It was a collaboration of hundreds of professional attorneys that are very learned in the laws of the land. Very reputable. Very legit. Trust us." + +Such corruption. Such BS. + +Doesn't change anything about the trajectory of the stock, just makes me more sure (if that was possible) that it's going to happen. +An example that comes to mind is car loans. I think many personal finance gurus would say that having a car loan is stupid, but the way I look at it, why would I pay cash for a car when I can borrow at near 0% and invest the cash? A follow-up would be buying a used car for cash. Sure, you save some money upfront, but unless you do it right, you'll end up spending the same in repairs and upkeep. + +What other things are good when you're starting out, but don't make sense once your NW exceeds $1MM? +I am doing this an exercise and I posted earlier from the wrong account. + +So its a new year and I have just been going over all my finances and setting budgets. I recently got married and we have been working on making plans for the future. We are currently saving up to buy a house and putting my wife through 2 years of Dental School so that she can be an accredited Dentist in the US. We got to discussing about retirement and how much income we would really need in Retirement. I currently have a steady job and make a good salary. I take home roughly $4,000/mo after putting away 12% in 401k(company matches 6%), maxing out my HSA, and we usually get close to maxing out our IRA account. + +I ran some numbers and even if I had not saved any money currently, I would need to put away $8,500 into a retirement account for the next 35 years assuming 5% rate of return in order to have an income of 65k a year for 20 years in retirement. +I have figured that even if I purchase a home, I will have that paid off in 30 years. Outside of a mortgage, I cannot foresee having a ton of expenses in retirement that I could not handle with a 65-70k income. Am I wrong in this line of thinking? +Of course I can be overlooking some expenses like medical/etc but I cant imagine I could not cover it in that sort of income. My thought process is that if I cut down my 401k to just 6%, still max the HSA and continue to only put in 6k into the IRA, I would be putting roughly 19k into retirement accounts. Should that not account for any room of error or market downturn? Again, just doing this as an exercise to get a different viewpoint from other people. +Also, I have just been going in thinking about things with just my income as the only source and not my wife's future income. + +Edit: Looks like this was a good exercise and given us a lot to think about. Seems that I definitely overlooked forecasting expenses with inflation and not what expenses look like right now. +This is just my opinion and wanted to share etfs that a lot of people know, but some new investors might want to know about. Just a long list of ETFs worthy to look at! + +1. Tech ETFs other than QQQ that are worth looking at: + +$IGM, $IXN, $XLK, $IYW + +2. Software/ Cloud + +$SKYY, $IGV, $PSJ, $CLOU + +3. Biotech/ Genomics- As many of you know, Cathie Wood is very bullish on the genomic space; some etfs to consider are: + +$ARKG, $PBE, $GNOM, $IBB, $XBI, $FBT + +4. Cybersecurity + +$HACK, $CIBR, $IHAK, $BUG + +5. Fintech- For those who don't know whether to bet on square or paypal or both? These etfs mostly have both of them in their top holdings + +$ARKF, $IPAY, $FINX, $TPAY, $KOIN + +6. Robotics/ AI + +$ARKQ, $BOTZ, $ROBO, $IRBO + +7. Electric Vehicles + +$LIT, $IDRV, $DRIV + +8. Clean Energy + +$ICLN, $TAN, $QCLN, $ACES, $FAN, $PBW + +9. Video Gaming + +$NERD, $HERO, $ESPO + +10. Consumer discretionary/E-commerce + +$IBUY, $BUYZ, $ONLN, $EBIZ + +&#x200B; + +To make sure your etfs do not overlap use: [https://www.etfrc.com/funds/overlap.php](https://www.etfrc.com/funds/overlap.php) + +I personally like $ARKG, $CIBR, $IPAY, $BOTZ, $LIT, $ICLN. But, this is just my opinion and make sure to look at each of these carefully when deciding which one to pick. For those deciding which etf is best in each sector, make sure to look at the top 10 holdings, look at the expense ratio, and the dividend yield! + +Let me know any other industries and their etfs! +When I first opened my account I did the textbook thing where I built a US core, then put Ex-US and EM ETFs around it. I sold all the international stuff off a few years ago since it was so flat in comparison to the US market and went 100% US ETFs (with the exception of whatever international equities ARKW and ARKF hold, and a small INDA position). + +A month ago I decided to “diversify��� again (in anticipation of the decade-long US bull run ending) and opened international ETF positions again (DFAI and AVDV). I immediately regretted it. They don’t even “hedge” the US; they just seem to go up less than the US on the up days and down more than the US on the down days. Worst of both worlds. Am I crazy to hate this? Am I thinking too short term and just being impatient? Or am I leaving return on the table by being too clever and “diversifying” when the US is clearly where I should focus? +Long story short, I have received £50k from a relative who recently passed away. ~£10k is going towards my university fees. How should I go about investing the remainder of this money? Is it worth saving it right now with inflation? + +I don’t know much about investing or finance. I currently live with my parents. I’m planning on going to university next year, however I should be able to cover the general living expenses with the money I’ve earned from working. Thanks! +How many people on this sub find themselves "moving the goal posts" or did move the goal posts as part of their fatfire journey? Do you regret it either way (e.g, could have held on longer but chose to leave or did stay and regretted not having the time)? + +I find that over the past 15 years as my experience and knowledge have increased my definition of "FAT" has moved many times, always in an upward direction. I generally do not regret it - my life is better now than if I left earlier and spent the time doing other things but I do find myself wondering if and when I will stop moving the goal post upward. + +This is not based on a perceived need for greater safety but rather desire for a higher quality lifestyle. As I grew in my career we went from flying economy to occasionally flying private, driving old crappy cars to nice ones, cheap restaurants to expensive ones and the list goes on. These improvements have created a lot of value - we can go where we want and do what we want (covid obviously as an exception) but it has pushed fatfire back about a decade. I can objectively say for the most part I am happier with the lifestyle increases - we spend in line with our values and do not spend on material items or to "keep up with the jones". I am 37 now, solid asset base and could fatfire with a decent income, but a lifestyle decline. I likely need to get work to age 45-50 to be able to have the asset base to support this lifestyle going forward. + +We can afford this now - but when you add up the lifestyle inflation it adds multiple millions to my fatfire journey and several years to get there. I am curious to learn from others experience one way or another and get an outside perspective. I generally like my work so am not running out the door but have also seen many colleagues start running into health issues in their 50s which probably makes them wish they walked away earlier and did not chase the lifestyle. + +How have others dealt with this? In some ways time is the greatest commodity we have and so I go back and forth on accepting a lifestyle decline for freedom vs. Slugging it out for a few more years. +EDIT: I realize this is long, but I feel it's important to have this info out there. Maybe save it for later when you see this narrative being pushed around so you can come back and get the other side. + +EDIT 2: TL:DR - Most negative analysis on this sub lately of Tether are likely from a single biased source that stretches a lot to make his points, and there is simply not enough Tether in the market nor is it concentrated enough to create a catastrophic problem or significant inflation for any USDT currency pair. + + +Like many of you, I have heard the stories and posts about the fraudulent tether, I trade in this space on many exchanges and the growing concern is worrying, so I did my due diligence, and I would like to share it with the community. + + +First and most importantly IMO, all this controversy stems from just one account/person. A person on twitter going by the handle @Bitfinexed - https://twitter.com/Bitfinexed + + +Here you can see this person's writings - https://medium.com/@bitfinexed/latest + + +Spoofy, Tethers and institutional investors are what they contend to be the lies and fraud, AND that this entire rally in 2017 is based on fraudulent Tethers and spoofing, and that this will implode the markets. + + +I feel this is also important… Turns out this person sold at $1000, maybe the real reason he is on this mission??… +https://twitter.com/whalepool/status/896460700461277185 + + +Now for some troubling info, the majority of this narrative (FUD??) here on Reddit in the last month come from just three accounts. + + +https://www.reddit.com/user/AtlasRand1/submitted/ + + +https://www.reddit.com/user/cetusfund/submitted/ + + +https://www.reddit.com/user/AnythingForSuccess + + +As you can see these accounts entire mission is to post constantly about this. They all show up on the other’s post to comment regularly. + + +Btw, some people on the pro-finex side think this is a smear campaign from other exchanges. I don’t believe this to be the case. This person(s) only talk about Tether/Finex, yet Tether is used and traded by the $millions daily on 3 of the top 5 exchanges, Finex, Bittrex, Polo, yet never a word about those other exchanges. (Check the USDT volume on other exchanges) +https://coinmarketcap.com/assets/tether/#markets + + +Therefore, if it is an exchange, it isn’t Trex/Polo because this would affect them as well. If it was an exchange other than Trex/Polo they would have plenty of fire power against 3 of the top 5 exchanges with Tether fraud. + + +This leads me to believe it is most likely a sad person(s) with an ax to grind. They might have lost their $ on Finex to what they believe are spoofers/fraud and or they were part of the finex hack and sold there BFX too early. + + +Btw I see contention that Bitfinex did NOT pay back the $ from the hack. They did, but some people are mad because they sold BFX early and didn’t recoup full $ amount from haircuts, but that was their decision. + + +~ +POINTS OF CONTENTION + + + +SPOOFING +This is what set my alarm bells off about these articles I read from Bitfinexed. Specifically spoofing… https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4 + + +and this nugget…“And who the hell is going to go margin long so dramatically after a huge crash?” from this article… https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330 + + +Claiming spoofing shows this person has limited markets/trading knowledge. Clearly they haven’t watched an order book of any exchange in crypto, equities, or Forex. + + +This is called scalping or scare walls. Again this is done in every market around the globe. + + +Here is a professional FOREX trader talking about scalping, how it works, who/why they do it. +https://www.youtube.com/watch?v=EYMIPmgRb_M&list=WL&index=94 + + +TL;DW - they do this to get the price where they want it because they know people are watching the order book (the video is quite enlightening), and the key point that keeps this from being an illegal activity (on regulated exchanges) is THAT THEY DO MAKE TRADES FOR THOSE SIZES eventually. This doesn’t always work and they get stuck in these positions. Risk/reward. + + +The ironic part about this spoofing idea is Finex is one of the few, if not only exchanges, that offer hidden orders. So people trying to scalp always have to worry if there is a monster hidden order lurking. + + +Go to the UPDATE: AUGUST 7TH of this story and watch the video he claims proves spoofing and Phil Potter admitting it in the voice over. https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4 + + +I see nothing wrong with what Phil says and no proof of anything in the video. Again this is true on every exchange trading anything of volume in the world. People with large amounts of money move markets, oh the horror. I “technically” do this when I place an order and pull it for whatever reason (scared, mistake, etc.) just not in large sums, but I would if I had large sums. + + +“And who the hell is going to go margin long so dramatically after a huge crash?” The crash they are referring to is from the early June ATH to the mid-July correction. A 45-day crash? Well, I am one of those people that went margin long. And many many others who read charts, resistance, support, retracement info. Again, this smacks of someone who doesn’t know what they are talking about. + + + +REASON FOR PRICE RISE/BTC GOES UP WHEN TETHERS ARE CREATED + + +This is absurd. This completely negates everything else, the Japanese currency ruling and them entering the market, Koreans coming into the market in a huge way (they now have the largest exchange by far with close to a Billion traded DAILY, oh and they don’t use Tether at all), the successful hard fork, or the more (positive!) interest from the media and people than ever before in BTC history. + + +Instead, we are supposed to think that $395 million dollars of tethers are the reason for this rise in a $160+ Billion market cap. + + +C’mon people! Look at that volume for the last 30 days. + https://imgur.com/a/vKJ5g +Also, the overwhelming majority of trade does not exist in Tether but KRW, CNY, USD, JPY. + + +Tethers are usually created when extra liquidity is needed, be it a crash or a spike. Because more people are trading. + + +They try to prove Tether boosts the market with this picture in their article. +https://imgur.com/a/274SE + + +The problem is 2 of the last 3 tether dumps coincide with a downturn. In fact, there is nothing in this graph that proves this theory. Also, the last tether dump/price rise coincides perfectly with the news of the majority of miners signaling segwit2x for the first time (search r/bitcoin or r/btc around that date). + + +So do you think the market traded billions of $ at that time because of a $50 million Tether dump or because for the first time in YEARS a solution and path forward became visible?? + + + + +THEY DON’T HAVE BANKING//NO INSTITUTIONAL INVESTORS/FAKE TETHERS-TERMS OF SERVICE + + +In regards to banking, clearly they have some kind of banking and a way for large amounts of fiat to get in and out. The banking is not for you and me but for regional bitcoin exchanges and other large customers. + + +You know how I know this? If they didn’t the internet would be flooded with Finex withdrawal issues, there would be a price premium on Bitfinex compared to other exchanges, just like Mt. Gox had for so long and also Bitfinex earlier in the year when the banking issues started. + + +This article explains it very clearly (seriously read this article), it has nothing to do with this controversy, just the banking issue in April. + +https://medium.com/@Austerity_Sucks/why-bitfinex-went-from-a-premium-in-its-crypto-usd-pairs-to-now-a-significant-discount-e7be193d7cb0 + + +TL;DR - All of the imbalances discussed (Finex premium) have been a result of USD frictions into Bitfinex. It has been a chain reaction resulting from the initial freeze to the various gradual withdrawal options. As soon as Bitfinex conclusively addresses the USD flow issues, the crypto pair prices will normalize (which they did) with other exchanges that don’t have banking frictions and USDT price will return to par (which it did). + + +The premiums on Finex and Tether are what would prove something is wrong, yet they are not here. Surprisingly Finex has been at a discount to GDAX and GEMINI recently. Meaning people are willing to take a loss on prices to be able to lend on Finex. This too will normalize as people/bots arb. + + +Aug 9th… From “arguably” bank fraud +https://twitter.com/Bitfinexed/status/895339675120013313 + + +Aug 22nd…. To “admitting” bank fraud +https://twitter.com/Bitfinexed/status/900230917196836864 + + +Listen to that audio in the second link, listen carefully. His explanation is perfectly reasonable. Banks don’t work well, consistently, or at all with crypto related companies (marijuana companies too for that matter) especially in jurisdictions that are outside US/Europe. Surprise surprise, this is nothing new. When they find out customers, deposits/wire are cryptos related they pull the plug (a reason why Trex/Polo don’t mess with USD). + + +Also, they gave their customers a haircut, probably a lot of complaints about the hack to Wells Fargo and other banks. These are the correspondent's banks, not Finex’s, they have banking. This is how they can receive large institutional deposits and withdrawals. Which I bet make up the majority of the fiat deposits and withdrawals. + + +Classic 80/20 business rule, 20% of your clients are providing 80% of the liquidity plus you are having banking issues (which is expected in crypto-land), so you cut this service to the 80% saving time/resources/headaches for the 20% loss in a single service to them (no fiat withdrawal/deposits- but crypto flows in and out with ease). + + +Again if they weren’t able to get money in and out there would be a premium, there would be a long line of complaints online. I have no reason (or proof) to believe that money is NOT coming into/out of the exchange. + + +It makes total sense too, they are the best lending platform, have one of the most liquid exchanges, and have by far the most reliable and best software/servers/UI/order options. You cannot deny this fact, they are constantly a top 3 exchange in volume, even after a hack. + + +I use Finex (as well as others) because of all those things. Also, they have already been hacked, a second hack seems less likely (IMO, they have more to lose with another hack). They have many big events on the horizon (Ethfinex). Would a company be putting resources into these things if this is all fraud or an exit scam? I find that unlikely. Is this 100% full proof? Of course not, nothing is, especially in crypto, just my reasons for trading there. + + + +Institutional Investors - https://medium.com/@bitfinexed/are-legitimate-institutional-investors-really-coming-onto-bitfinex-s-platform-i-don-t-think-so-cb4ed5175092 +Here is what this person doesn’t comprehend, what if these institutional investors are… you ready… here it comes… other exchanges that use Tether, as well as other crypto related businesses. It is only $395 million Tethers. These exchanges (Trex, Finex, Polo) are printing money. + + +This isn’t “someone” with 100’s of millions of dollars as the article suggests, it’s many people with millions/thousands of dollars. Again this all ignores the fact that many more people have entered the ecosystem this year. This is proven by Coinbase growth, transaction growth, and exchange growth (both in volume and # of exchanges), and growth in crypto-related sub-Reddits. + + +Yet Bitfinexed is shocked that lending hits ATH’s, but it is perfectly explainable and reasonable based on the evidence and data of gthe ecosystem. Let us not forget BTC is a finite amount, more people are going to increase demand/price, if you think this is a bubble... you haven’t seen anything yet. + + +The TOS are sketchy and a point of concern but there are two things to keep in mind- It was necessary to word it that way, and the market clearly doesn’t care. + + +If they had worded it that they will redeem no matter what, they would have money launderers flocking to the service (bogging down resources), plus law enforcement knocking. + + +Tethers weren’t created to get $ in/out of crypto but to provide a safe haven and liquidity on exchanges that don’t use USD. And I would say they are working perfectly. Very few are withdrawing USDT for USD. + + +I think it is precisely because of what the co-founder of tether refers to here (and below)… “If you want to convert USD₮ into fiat currency (or vice-versa) at tether.to, you must go through the whole “aggressive” KYC/AML process and get verified. I’ve heard from many who tried and were unable to provide sufficient documentation. Tether’s KYC/AML policies were written by experienced compliance officers and it’s critical that it be done properly and with diligence. It really is about “knowing your customer” and making sure that their uses are legitimate.” This is a perfectly reasonable explanation why people are not lining up to cash out of Tether, and also why large/reputable institutions can (exchanges, investors, etc.). + + + + +TETHERS REPLY TO ALL THIS, PLUS UPCOMING AUDIT +https://tether.to/tether-update/ + + +Now ask yourself this, would a company that is operating fraudulently have a roadmap of all these new features that no one will ever use if they don’t provide these promised audits as they say they will by the end of the year? + + +So as of now they have enough runway until the end of the year. I say we give Tether/Finex the benefit of the doubt. + + +While Tether could be operating fractionally (so to could any exchange in crypto btw), there is no proof or evidence of it today. It trades at normalized rates. You can’t just create 100’s of million of dollars without the marketing realizing somewhere. + + +Sure, you can say this is a confidence game, but so is crypto, so is the USD, so is the concept of money. I see no reason to be more concerned with this risk than the already risky environment we trade in with exchanges. + + + + +WHAT IF I”M WRONG? CRYPTO WILL IMPLODE! + + +No it won’t. Sure there will be a dip maybe even a correction, but there are only 395 million Tethers. People will get out of Tether even at massive discounts (until $0) into crypto because they can’t get USD, but not more than the 395 million tethers circulating (at this time). + + +At a certain discount people will understand what is going on and stop trading for Tether. BTC + ETH is worth over $100 billion, how many time does the entire amount of USDT have to turn over to cause a massive crash? + + +What will get hit the hardest are the people left holding tether (if/when they implode) and Trex/Polo/Finex. + + +To think Polo/Trex would rely so much on USDT that they didn’t fully vet it is absurd as well. Whats more likely, Polo/Trex’s due diligence or this @Bitfinexed person based on conjecture? + + +I’ve already seen a Forbes contributor try and get ahold of Bitfinexed on twitter. https://twitter.com/laurashin/status/894437272241569792 + + +Could I be wrong about all of this??? Of course, but, I feel I have provided more evidence than the other side. You are the Judge :) + + + + +USEFUL INFO + + +Some from u/udecker - Tether co-founder + + +Tether.to is who has the backing for the token, not Bitfinex. Bitfinex is a customer of Tether. If Bitfinex wants more Tether, they make a request to Tether, just like all other Tether customers. Tether waits for USD to show up, and when it does, creates the necessary tethers and credits Bitfinex. They both have Tawainese banking so money can flow back and forth easily. (The banking industry in the country of Taiwan are under scrutiny lately because of larger legal issues not involving crypto, but clearly affecting crypto companies) + + +https://wallet.tether.to/transparency + + +Tether wasn’t designed to be a profit machine. It was designed to be a utility for the crypto community to provide a stable token (with all the benefits of this). +Tether’s business model is this: +1. Generate fees from wire deposits and withdrawals and conversions. +2. Interest income on the reserve. + + +Bitfinex’s parent company owns a 20% stake in Tether. + + +People say Tether isn’t being burned. But they are being recycled which is/was always an option. + + + + + +I hope we can have a productive conversation around this without the usual Gox 2.0, sell it all, Bitfinex is the anti-christ comments with no substance. +Give us your opinion and perspective because maybe I am missing something… but, maybe you are too. + + + +This was quite time consuming (just ask my kids and boss, lol) So if you found this info helpful you can donate if you’d like here, if not, no biggie smalls :) + + + + + + + +BTC - 14Wz4SCuKwa81UBh1U7mcaCTxMsYLLuGZK + + + + + +BCH- 16uby9gW79tjn5guQG8v5mTsdu6V6cYyKF + + + +ETH - 0x0181D1C82229BAD741BB6c302ae523aE6DC9a1EE +For all of you who can't hear the GME battle cries any longer, its due to your ear drums being shattered by all the BS the media has fed you these past few weeks. + +There has been a tier 1 KILLSWITCH operation aiming to make GME disappear. And for many, it worked. + +No longer is GME on the lips of every mother and father in the beautiful United States. + +No longer is it the meme of the week, they want us to move on, forget about the stock, forget our fallen comrades at level 300, 400, 450... + +But nay, We will never forget our fallen. I sure as hell haven't, and I am still holding on like a vice grip. + +We cannot manipulate the market by telling our community what WE (ourselves) are doing... yet... Main Street players and Jim Cramer and the likes go on national television to brag about how they manipulated the markets to make profit knowing the SEC won't do shit. Now his clown ass is desperately trying to do the same to those videos on YT as they have done to GME. But the internet never forgets. + +This is absolute bullshit. The only and safest thing I can do is hold my shares. ^(\*you do you, this is only what I am doing and this is not recommended nor is it financial advice.) + +BUT I'm holding to the bitter end if it comes to that. I lost 88% so what's another 12% mean to me? + +Nothing. + +I am only writing this to find the ears of my fellow R-tards across the world who grow weak on this battlefield. We are bombarded by days of attrition. But do not waver my lads. This is only the beginning. + +My logic is this, I've read many DD articles and YouTubes videos (which means I am a pro autist by this point) and from what I've gathered, the shorts still have yet to cover and if anything they are doubling down to make even more money from the crash of this stock. + +Well hedgies... I SAY: + +FUCK YOU AND YOUR MOTHER! KARMA IS A BITCH. TRUST ME. I'VE MET HER. THERE'S NO RUNNING FROM IT. I'VE PAID FOR MY SINS TENFOLD, EVEN WHEN I LAUGHED SAYING ALL OF THAT KARMIC BS WAS JUST THAT... BS. But I found out soon enough and I am paying for my wrong doings. + +I say this to my enemies. + +You know who you are. + +"One day. You'll get a\*\* f\*\*\*ed so hard by some event, an event that will enrage you like never before, anger will erupt from the pit of your soul, and for a moment... you'll recall this post, how you were part of the operation that fucked over an entire community of small fish trying to make honest profit while playing by your rules, and you pulled the goddamn plug out of the wall when we started to win. + +And you'll realize... ahhh... fuck you karma... well played." + +&#x200B; + +TL;DR - I am holding, you do you, karma will find those who did wrong and they will pay. In the mean time I am still.....holding the line. I know you shorts still haven't covered. +Price deflation seems to me to be normal in a growing economy. I can see how extreme deflation can be bad, but struggle to understand why any deflation at all must never happen. Why is constant inflation considered the better option? + +Considering the amount of money created recently, why would deflating the money supply back down be a bad idea? + +Thanks +Hi there, + +For the past few months my strategy has been to scan for biggest % gainers in the premarket. +I look for high volume, low float & low institutional ownership. After open I look for a spike with a fade to a key support level or vwap resulting in a spike. I also look for early uptrend forming and volume building to scalp. +***Only stocks under 5$*** +My question... +Are there and traders on here who have a similar style/strategy? +Because we are living through the epicness and the world has yet to see the climax: MOASS. It's like Lebron James telling people he'd be (one of) the greatest baksetball players of all time when he was a kid. SOME would believe him, but most will laugh. + +You guys are a bunch of the most hollistically (this a word?) smart people I've ever met, and I've been in society for some time now. I mean, the apple (us) doesn't fall far from the tree (rc) right? Dudes a fucking prodigy and legend having achieved what he's achieved at 36ish now and with the heart he has. + +The best is yet to come, probably tomorrow, or even today, and we'll be sharing this story for the rest of our lives. + +Edit: Wow I did not expect this reaction first time posting here! Wonderful seeing all this positive engagement! Hope this little hype piece reminds all of us how blessed we are to be on this journey despite the challenges and struggles along the way. Uranus awaits us. +I’m seeing too many hype taken off... why would anyone fomo buy at the height of a launch? Most coins don’t make it past the initial peak, as early investors dip out and leave bagholders behind. + +RavenX is the first project of it’s kind... Many copycats have emerged & left, but $RX is still here 😎 If you look at the chart, you’ll see why this project is undervalued: https://dex.guru/token/0x8891de345808e77228677f0efb56125db1e93a49-bsc + +**Fresh updates today!** + +• **New hosting of RavenDex for hassle-free swaps!** + +• **AMA in WhiteBIT TG @2pm UTC** + +• *More update info here:* https://ravenxapi.xyz/updates-may-11th/ + + +**RavenX Achievements** + +• Listed on CoinMarketCap, Coingecko, Trustwallet, Blockfolio, Whitebit, verified on BSCSCAN, and Coinbase for tracking. + +• Audited by Techrate & BSCChecker. Certik Audit in progress. + +• Acknowledged and verified by Binance Charities for donations, (1.01 million dollars to date and counting.) *and a recent follow on Twitter* + +• Partnered with Jazz Defi and Shield Finance. + +• New NFT marketplace just added to website... 2021 is the year of NFT’s! + + +**Tokenomics:** + +2% donation to the Binance Charity Wallet + +2% Burn + +2% Redistribution to holders + +**4.5 million Market Cap (THIS IS CRIMINALLY UNDERVALUED)** with an ATH of 22 million mcap (roughly 5 cents per RX) + +500 million total supply at start, now 425 million. + + +**$RX Resources** + +Website: https://ravenxapi.xyz + +Telegram: https://t.me/RavenXfin + +Reddit: /r/ravenx + +Twitter: https://twitter.com/ravenxfin + +Chart: https://dex.guru/token/0x8891de345808e77228677f0efb56125db1e93a49-bsc +UPDATE: Yesterday was a great day for Kilimanjaro! + +**The lottery pot was stacked and gave away $11750 USD worth of KILI tokens!** + +You can check it yourself on bscscan on the following link: [https://bscscan.com/tx/0x699a7ad78927d5e5a2d310d0e4870decb59f98b31dc61eafff726d54494f884c](https://bscscan.com/tx/0x699a7ad78927d5e5a2d310d0e4870decb59f98b31dc61eafff726d54494f884c) + +*\*Note: The price that you see now in bscscan may be different (higher or lower than $11750) because of KILI's price variation* + +&#x200B; + +Also, huge milestones were accomplished: + +\- 800k market cap to 1.5M market cap + +\- 600 holders to 840 holders + +KILI has an amazing community, and devs are really active: [https://t.me/kilimanjaro\_community](https://t.me/kilimanjaro_community) + +🔒**RUG PROOF** + +* [Audit by Solidity Shield](https://kilimanjaro.finance/documentation/audit.pdf) +* [Liquidity Locked by Unicrypt](https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea) +* [Dev and Marketing tokens locked by team.finance](https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI) + +💵 **BUY ON PANCAKESWAP** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +Lottery token that applies a 5% tax to each transaction. + +2.5% is automatically burned - 2.5% goes into the lottery pool + +Cool winner selection process. Get more info and look at their awesome website [http://kilimanjaro.finance](http://kilimanjaro.finance/) +Hey folks, + +Me: 30, $100k+ gov job, $200k in piggy bank. Want to buy a house/property in the next 12 months. Permanent government job but it is in an incredibly niche operational shit job, involves 24/7 shift roster and is completely dead-end job that teaches me no marketable skills or experience (got to trust me on this one) + +I might be in the running for a government graduate program as a Data Analytics/Scientist monkey. It would be a big paycut from $105k --> 65k but it is what I have been studying for the last year. I'm hoping that after my grad year I can springboard back into a $100k+ role easily and will be happy going down the analytics/scientist path (and maybe into CS if I can pick up my python game). I think I can apply for a career break so if it doesn't work out for some reason I always have a job to go back to. + +What would y'all do if you were in me boots? +Some have held up, others have seen drops that lopped off years of gains. I guess the preceeding years were good enough that maybe it doesn't matter? And maybe conviction for the future is determined enough that you are buying the dip? Holding company has been "easy" for years. +https://www.business-standard.com/article/companies/centre-may-sell-full-stake-in-bpcl-worth-rs-40-000-cr-iocl-likely-suitor-119090100701_1.html + +> The Centre is planning to offload its entire stake worth a little more than Rs 40,000 crore in Bharat Petroleum Corporation (BPCL), most likely to fellow state-owned oil-marketing company Indian Oil Corporation (IOCL), a deal that will go a long way in the Narendra Modi government meeting its highest-ever disinvestment target of Rs 1.05 trillion. + +This follows the same pattern of the last few years of disinvestment + +- PSU HPCL was disinvested into another PSU - i.e. ONGC. +- PSU REC was disvested into PSU PFC. +- Similar disinvestment is being planned between PSUs NTPC & SJVN + +This is a way to hand over cash in profitable PSUs to the Govt. IOCL has 30,000 crores of cash on it's books as per last balance sheet - if IOCL gives dividend or uses this cash to pay off debt, then it would benefit all shareholders not the just the majority shareholder (the Govt) - i.e. part of that cash will also go the minority shareholders in a dividend. Using this cash to buy BPCL is better for the Govt because because now the cash will benefit only the Govt & not the minority shareholders. This is why I never put money in a PSU or PSB stock - worst corporate governance - totally run for benefit of majority shareholders over minority shareholders. + +And of course, we all know that Government has been increasing it's stake in PSU Banks in the last many years. +There are new people coming in and asking questions, but getting sandwiched between the 4+ memes for passing 300, and the 4+ memes for passing 350, and another 4+ posts about lambos. + +The excitement and content is worth keeping, but maybe it shouldn't account for 3/4 of the front page. + +Stuff like developments on ETH ERC20 tokens, and newbie questions are getting blotted out pretty hard, in a time when we need to be most facilitating of newer people. +I am 43, self employed as a consultant of sorts, and debt free. + +I am an only child and I lost my dad five years ago and my mom this week. They too were debt free and from what I can tell I will be getting around 600k in IRAs and their house is worth about 300k. + +My current net worth is around 3 million. 800k in my IRAs, 1 million in taxable brokerage accounts, 800k in property (my home and two rentals), 350k in cash. While this inheritance is a lot of money it isn’t like bomb going off relative to my financial picture. My concerns mainly are how to keep the governments hands off of it as much as possible. + +From what I gather I must transfer her IRAs to what is called an inherited IRA and I must deplete them within ten years. I can take as much or as little as I want each year without penalty but it must be emptied within ten years. Any withdrawals from it are essentially added to my income and taxed as regular income. + +My income is high and all this will be hitting in the top tax bracket of 37%. + +I see two options and am debating between the two. + +1. Since this inheritance is all going to be in the top tax rate anyway while I am working just let it sit and take it all out in year 10 so it can grow tax deferred as long as possible. I guess the only potential downside is if tax rates are higher then or the market is down big time at that point. +2. Work three more years and then retire. Live off the inherited IRA for 7 years, depleting it. This gets me to age 53. At around 100k a year the taxes would be much lower. Live from 53 to 59.5 off my taxable brokerage accounts. Live from then until I croak off my IRAs. + +I hate a love hate relationship with my job. I enjoy what I do but it is 100% travel and while I only work about 15-20 days a month those days are on the road often in other states and typically 14-16 hour days, seven days a week. The pay is very good. Scaling back is not really feasible as I have five employees and 90% of my work comes from two customers. If I get rid of either of the two I wouldn’t have enough revenue to keep my employees and I need all five of them to do any of our work. I also have massive insurance and other overhead costs. My job is either an all or nothing type deal I have thoroughly explored trying to slow down but continue working and it just isn’t feasible. + +Any advice would be appreciated. On one hand it seems insane to quit a job at 43 that pays in the mid to high six figures but on the other hand I have been doing this over 25 years and am just tired of being gone so much. My oldest son is going to graduate high school in two years and I have missed so much. My youngest is 9. I feel like a rat in a wheel. I work like a mad man 2-3 weeks a month, catch up on rest for a couple days when I get home, spend a few days completing the the paperwork for the project we finished, fix everything at the house that went wrong while I was gone, then get everything ready for the next project and leave again. + +My mom who just passed has been in really bad health for about eight months. During this time pretty much all my time i wasn’t out of town working I spent with her which I guess might be as be making me feel even more burnt out and missing my wife and kids more. +Curious what thoughts are on how many FIRE minded people will die with a lot of money? + +1 million or more defines a lot to me. +I cant see this type person spending it down and it is kind of a shame not to enjoy your earnings. +*Welcome new viewers to Superstonk!* This post provides a fantastic overview of the GME opportunity from start to finish. For existing apes, this post has been updated with recent posts and provides many informative links (you nay have missed) and some great information to share with others. + +Given the upcoming AGM, stock split in the form of stock dividend, trending DRS numbers, borrowing costs, new GME Wallet and upcoming Marketplace - I thought it was timely to revisit this DD post (with updates): + +**If you aren't familiar with 'GameStop, Ticker GME' beyond what you see in the media, you may want to take a closer look. GameStop may be the investment opportunity of a lifetime - both for the likelihood of a coming squeeze and for it's long term potential!** + +&#x200B; + +>Part 1: If you aren't familiar with 'GameStop, Ticker GME' beyond what you see in the media, you may want to take a closer look. +> +>Part 2: Short positions were *not closed*. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. +> +>Part 3: $GME: An Illiquid Stock, Hard to Borrow, High Reported SI & FTDs +> +>Part 4: GameStop's NFT Marketplace & Ecommerce Transformation +> +>Part 5: Planned stock split by way of stock dividend. Plus a potential Crypto/NFT spin-off or digital dividend = Checkmate + +&#x200B; + +# [https://www.reddit.com/r/Superstonk/comments/tw641b/gamestops\_bull\_thesis\_gamestops\_history\_due/](https://www.reddit.com/r/Superstonk/comments/tw641b/gamestops_bull_thesis_gamestops_history_due/) + +&#x200B; + +**The current price of $GME is demonstrably manipulated and significantly undervalued**. *Simply put - the price of $GME is wrong* \- and will continue to be wrong until the manipulation of the stock is eradicated and the short positions are *closed* \- not just *covered*. As short positions are forced to buy and close out their positions at the market 'ask' price, and in the event that retail owns the float and investors hold out on the sale of their shares we could have not just a ‘Short Squeeze' - but the 'Mother of all Short Squeezes' (MOASS). + +# Plenty of catalysts upcoming over the next few months. Consider $$: Tesla Stock Split by way of stock dividend: + +Short interest and borrowing fees on Tesla were considered high at a reported 7.10% SI to float and a 0.30% borrowing fee. Note GameStop's *reported* SI and borrowing fees are *extensively* higher. Current Ortex data shows GameStop reported short interest is at 25.1%. Average cost to borrow 23.39%. + +[https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high](https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high) + +[https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/](https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/) + +[https://www.reddit.com/r/Superstonk/comments/uwrd9m/gme\_100\_utilization\_day\_74\_via\_ortex/](https://www.reddit.com/r/Superstonk/comments/uwrd9m/gme_100_utilization_day_74_via_ortex/) + +&#x200B; + +[ Tesla's 5:1 stock split in the form of a stock dividend. Announced August 11, 2020. Record date August 21, 2020. Ex-dividend date August 31, 2020. ](https://preview.redd.it/eijgexs53o291.png?width=1003&format=png&auto=webp&s=fe99cedd201e1ca999162d16e703846f5c687d39) + +Note, similar to GameStop, Tesla's short interest declined without share price appreciation the year prior to their stock split. After the dividend distribution, Tesla's shares squeezed over a period of several months. GME has less outstanding shares, less liquidity, higher borrowing rates, higher margin requirements, and as DD supports - an extensively higher hidden short interest. + +Tesla's reported short interest hit a May 2019 high of *only 43.66 million* shares shorted. GameStop had reported short interest of *over* *200 million* by FINRA report - [309.43% SI in October 202](https://www.reddit.com/r/Superstonk/comments/u2ylh7/never_forget_gamestops_short_interest_in_october/i4q9ep7/?context=3)0 and 220%+ during January 2021 'sneeze squeeze' (court docs). + +Tesla share price remained elevated after the squeeze. They have just announced another stock split, to be voted on at their October 2022 AGM. + +&#x200B; + +https://preview.redd.it/5if0xtzb3o291.png?width=514&format=png&auto=webp&s=ee3c4094849df74e6574e22b450fe39eefb5a089 + +***Share price reflected is after Tesla's 5:1 stock split. Multiply shares owned by 5 and then watch the price appreciation. Zoomed-in to December 2020 - it kept running after this.*** + +&#x200B; + +# Buy, Hodl, DRS & 'Share the Story' + +[**WWW.DRSGME.ORG**](https://www.drsgme.org/) : Why invest in GameStop? Computershare and Direct Registration of Shares (DRS) + + DISCLOSURE: * Information contained in this post has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to its accuracy, completeness or correctness. All opinions and estimates contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this email or the information contained herein. * +The Evergrande crash has so far caused a decline of 10-15% in the cryptocurrency market, and while many might buy the dip right now I’d suggest waiting for tomorrow’s even bigger crash + +Why crypto (and other markets) will crash tomorrow - + +1) The Chinese stock market will open after 2 days of holiday. Everyone is expecting a major crash here + +2) Evergrande is expected to default on its loan payment, the same debt which Blackrock owns quite a big bag of, sending out a potential ripple effect + +3) Sources out of Beijing say that the CCP are unlikely to bail Evergrande out (this point is just speculation) + + +So in conclusion, there are bigger dips coming.(I’m not suggesting to anyone to sell, just to be prepared for bigger dips) + +Edit: When I wrote this, BTC was at $42k and ETH was at $3k, they’ve now dipped to 40K and 2.7K. + +Edit 2: Seems like Evergrande is working on bond payments for Chinese banks and the CCP injected cash into the banking system. We are safe for now, but unless Evergrande comes up with a payment plan for international institutions I’d say this isn’t completely over. + +Edit 3: Crypto market is up, has been for a few hours now. Evergrande has made their loan payment. The only uncertainty left is their international payments. + +Edit 4: Evergrande defaulted on its international debt :) +Contract Address + +0x5c25b256dbe756538265e5fc05b99ed49a59c986 + +## Open-Sourced + +The Reesykle ecosystem (including $SYKLE) is open-sourced and community members can contribute to its growth. We wanted to build trust and transparency from the ground up. + +## About Reesykle + +Reesykle is a truly environmentally friendly crypto. We may be only 4 days old, but we boast a growing community of earth-loving supporters. We are currently working to partner up with environmental NGOs to begin our environmental phase. The team is 100% doxed, transparent and honest with zero tolerance for bullshit. First trees will be planted soon in the name of the Reesykle Community. Together, we can make a difference! + +## Proof of Donation to Trees for The Future + +We are serious about our environment, and so are our most loyal community members. + +## Additional Notes + +We officially launched on November 19th, 2021, and have seen nothing but growth and positive feedback from the community. We are hoping to bring everyone together for the greater common good. Our philosophy is transparency, honesty, and clean rich over filthy rich. + +## Tokenomics + +● Total Supply: **1 Quadrillion** + +● Circulating: **487,487,244,896,176** + +● Burnt Supply: **512,512,755,103,824** (verify burn[ ](https://bscscan.com/tx/0x7cf39b7da8daf507f62fe845b5f4db040a6cdd5fa769ab96c09c6d1b2b79de3b)[here](https://bscscan.com/tx/0x7cf39b7da8daf507f62fe845b5f4db040a6cdd5fa769ab96c09c6d1b2b79de3b)) + +● Liquidity Lock: **10 Years** (verify liquidity lock [here](https://mudra.website/?certificate=yes&type=0&lp=0x45367bdfd1dff2c6710a223957acc574bfeb7feb)) + +● Marketing TXN Fee: **2.5%** + +● EcoFund TXN Fee: **2.5%** + +● DevFund TXN Fee: **1%** + +● Liquidity Buy Back: **coming soon** + +● CoinMarketCap**: Listed** + +● CoinGecko**: Listed** + +## Roadmap + +Visit our beautiful website to learn more. + +## Join The Community + +● [Website](https://reesykle.com/) + +● [Reddit](https://www.reddit.com/r/Reesykle/) + +● [GitHub](https://github.com/reesykle) + +● [Telegram](https://t.me/reesykle) + +● [Facebook](https://www.facebook.com/Reesykle-104724138679636) + +● [Twitter](https://twitter.com/reesykle) + +● [Instagram](https://www.instagram.com/reesykle/) + +● [Discord](https://discord.gg/z89QGEQerf) + +● [Medium](https://medium.com/reesykle) + +● [LinkedIn](https://www.linkedin.com/company/reesykle) + +● [CoinMarketCap](https://coinmarketcap.com/currencies/reesykle/) + +● [CoinGecko](https://www.coingecko.com/en/coins/reesykle) + +● [BSCScan](https://bscscan.com/token/0x5c25b256dbe756538265e5fc05b99ed49a59c986) + +**Together we can make a difference ❤️ 🌱** +I have seen some people mentioning that they get good enough side income from dividends which gives them a peace of mind and financial security. I wanted to ask is it really true that dividends can become a good source of secondary income to anyone which he/she can rely on ? +I have 3 mutual funds where I invest monthly. Since the stock markets are showing a downward trend- I have modified the SIP frequency from monthly to weekly. So now I’ll be accumulating the mutual fund units four times in a month. Example- if my SIP is X amount per month- I have modified it to be X/4 amount per week. + +The purpose I’m doing this is because I want to buy in dips since the markets are going down and by doing it weekly it’s automatically picking up the units with a marginally lower NAV. + +I agree that I’m paying more for transaction fees. Is there any way this is going to be counter productive? + +What’s your view on this approach? Please share your insights. +I pay 15k for an GMP (3A Me + parents) and I lately found out that they don't cover cancer or mental illness treatments or meds. I suffer from OCD and ADHD (I have been off meds since 2020 when my condition got better but its again coming back) so need a plan that does cover it and also cancer just to be future proof. Please do suggest some. +What's the best infrastructure sector mutual fund for India? (Couldn't find a similar thread on this) The Invesco India Infrastructure and BOI AXA Manufacturing & Infrastructure seem highly rated. Although I prefer the former for the higher exposure to Larsen & Toubro, the latter has had a much higher historical return. + +And yes, I'm interested in these after yesterday's budget. Grateful for your opinions. Cheers. +I have 3 mutual funds where I invest monthly. Since the stock markets are showing a downward trend- I have modified the SIP frequency from monthly to weekly. So now I’ll be accumulating the mutual fund units four times in a month. Example- if my SIP is X amount per month- I have modified it to be X/4 amount per week. + +The purpose I’m doing this is because I want to buy in dips since the markets are going down and by doing it weekly it’s automatically picking up the units with a marginally lower NAV. + +I agree that I’m paying more for transaction fees. Is there any way this is going to be counter productive? + +What’s your view on this approach? Please share your insights. +(I can verify my NW and age if necessary for the mods ) + +My current life position is that I have a liquid NW of \~$12M, I'm in my 20s, never worked a 'career' job in my life, and don't have any tangible skill set. I'm working on my bachelors in business tech from a very average school in the States. As you can imagine, the NW is just luck not skill. + +The issue as I see it is that I'm not sure how to break into society without the valence of a salary. Everyone I know is either going to grind to become higher members of society (M.D./Lawyer/CPA/CFA) or are going to grind it out for comparatively low discretionary spending. Either way, on my current path I won't really fit in. I won't have the skill-set/title to be useful to the circles of working professionals; and I really can't see myself grinding 40 hour weeks for $50k a year just so I can meet people at work. I already find it hard enough to motivate myself for my classes. I think with my current path I'll be 50 and outside the circles of both the upper-class skillwise and the middle-class lifestyle wise. + +I realize this is an incredibly lucky 'problem' to have. I am by no means trying to pity myself but simply asking for insight. + +My options as I see it are: + +1. Finish school and get a regular ($50k-80k) office job and see if I like working for the sake of working. +2. Try to go to Med/Law school for the sake of broadening myself and becoming useful. Though my grades aren't great so I think that would be a risky and time consuming investment. +3. Spend my time working towards a skill for the sake of enjoyment (sport, art, chess). However I see this quickly becoming monotonous unless I discovered something I could compete at a high-level in. +4. Try and maximize my NW until I eventually have become useful to others simply for being able to accept the risk of being a an angel investor. + +And just in-case it needs to be said. I am happy for my luck; do not see this as me being upset with my position. + +TL:DR Unskilled kid with money that isn't sure how to fit into a society that largely works and obtains accredited skills for the sake of a salary. +After looking around and realizing Quantopian is actually no good, I started looking into books. Currently going through Ernie Chan’s material. I came back here to see if there’s anything trending now as far as online resources. The initial impression is that QuantConnect and Alpaca markets could be the move, but with recent updates, not sure anymore +Would it be best to just immerse myself in these books and not look to online resources? I thought it was cool how back in the day Quantopian had a Robinhood integration for Live Trading. Really broke barriers with that. But since personally, I’d like to learn more and code in R, I would love to hear if anyone has any alternatives or recommendations +My parents are low earners but bought their house a very long time ago. They have a approx 200k equity with 200k left to pay off. They're not very clued up with money/investments (nor am I tbh). Someone has told them to take out what they own in equity and use it to invest in other projects (e.g. BTL properties, ISA, other stuff in order to diversify) but they'll probably need to stick mine or my sister's name into it in terms of affordability (we're living with them) of a new mortgage. They have one other BTL property which is the majority of their income over the past 25 years. + +What do people think? + +Edit: + +Thanks for all the great advice. Just some points of clarification. + +- My parents are limited in the work they can do because of disability + +- Their plan is to pass on one house to each daughter, that's why they want our names on it (I realise this is a very privileged position!) + +- We're literally at the brainstorming stage so I'm trying to look at what potential there is with this idea. Nothing is set in stone. All the advice we've had is off the cuff and has been said in passing. Luckily no one is asking to invest in their projects. I hear everyone's advice - get independent advice and from someone that is in the field, not a doctor! +Typically, we tend to talk more about what's going well, or successes when finding an undervalued company which gives back great returns, but less about when it all goes wrong. It would be interesting to see what some of your biggest mistakes were, specific companies or otherwise, and what you learnt from them? + +&#x200B; + +Personally, mine was buying FastJet years ago when I just started to understand what investing was. Following some very brief DD online, it looked like a gem - input from Stelios (founder of EasyJet), was an actual already-flying company, and it was branching off into different countries in Southern Africa, trying to capitalise on rising middle classes keen to travel and fly in a region which historically has had disproportionately high fares. Unfortunately, for a few different reasons including difficulty in getting slots and permissions to expand, along with never really increasing it's fleet size, it kept sinking, and delisted off the stock exchange last August. I bought and sold years before that, but still lost a bit. Lesson learnt? If something looks a sure fire winner, it's still important to spend a little time thinking about why it could all go wrong, and take the critical approach before jumping in. Sounds obvious, but that was a lived lesson which kept me grounded in future investing decisions. + +&#x200B; + +edit: Thanks kind strangers for the awards! First time I’ve received any :) +It's looking likely that there's going to be an inflation inducing decoupling between China and the West over the coming years, but yesterday I read a compelling case for near-term deflation. + +China is currently heading into a downturn due to a number of factors including the mother of all housing bubbles, which has far exceeded the income needed to sustain it, with price to income ratios reaching 46 in Beijing and 47 in Shanghai. + +Much of the country's growth was funded by debt, but debt saturation has now passed the point of diminishing returns. Debt deflation has started to kick in. + +Youth unemployment has doubled in the last 4 years to 20%, which is a source of significant political instability for the ruling government. + +The most obvious way out of this economic trap in the short-term is to allow currency devaluation to boost the competitiveness of exporters, thereby in effect exporting the deflation and unemployment. + +The recent fall in container shipping rates, from $11,000 to $2,400 since February for routes between Shanghai and Los Angeles, also increases the competitiveness of exporters. + +The outcome of all this could be a faster fall in inflation in the West than currently forecast, and a pivot by central banks to stave off descent into deflation and recession. + +This means we could see an unexpected rally in the prices of bonds and other assets next year. + +Longer term I wouldn't expect this to last, as a decoupling between East and West appears to be underway, which will likely prove to be inflationary. + +What do you think? +So I just checked my ISA performance on HL and it looks like HL don't show a price for the fund anymore? Now granted the fund hasn't been performing well since it was started but I didn't expect it to go the Woodford route with platforms halting trade to stem the decline? + +Anyone heard anything official about the fund? +Many of you noticed I made a snazzy powerpoint to use during the Lucy K AMA today, but didn't get to use it due to technical difficulties. So even though it's not the same, here is the bulk of what was intended for the interview, including Lucy's written script. Knowledge is Power! 💪 + +https://preview.redd.it/g8nivrt6l6171.jpg?width=677&format=pjpg&auto=webp&s=60102104cecd6de43dfc9d914a4525be62e1f80b + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Lucy Komisar AMA Part 2 [(Link here)](https://www.youtube.com/watch?v=wuPizlDY0Ys&t=22s) + +# Topic of Discussion- The SEC + +&#x200B; + +[Securities and Exchange Commission](https://preview.redd.it/p98qxh2476171.jpg?width=180&format=pjpg&auto=webp&s=463cc9d081a8fa5a35b8828dd41b6121dd2737ec) + +**THE SEC for Superstonk- Script By Lucy Komisar** + +*When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”* — Frédéric Bastiat, 19th century French Economist + +**How the SEC was created** + +One reason for the stock market collapses in 1929 was watering stock. A meme went “he who sells what isn’t his’n must pay it back or go to prison.” Traders would print up counterfeit stock certificates. Sound familiar. Naked short selling. The crash that started the depression. + +&#x200B; + +[Ferdinand Pecora](https://preview.redd.it/l346v5i456171.jpg?width=470&format=pjpg&auto=webp&s=dbf1ac2b34080b60690ed448ed917fbce742f990) + +**1932 Ferdinand Pecora** was an immigrant working class kid from Sicily who put himself through New York Law School. He was hired in 1932 by the Senate Banking Committee to investigate the causes of the crash, to do a whitewash, but he didn’t get the memo. His hearings exposed such practices as pools to support bank stock prices. Such as Let’s all coordinate trades to pump up the stock. Sound familiar? GameStop? National City Bank (now Citibank) had hidden bad loans by packaging them into securities and selling them off to unwary investors. Sound familiar? Mortgage-backed securities that tanked? And that the bank sellers knew would tank? + +The findings of the Pecora Commission exposing corruption of the financial industry let to public support for regulation, -- it took really dirty stuff to move the pubic -which would be the Glass–Steagall Banking Act of 1933, the Securities Act of 1933, and the Securities Exchange Act of 1934. That last set up the SEC. + +Franklin Roosevelt appointed Joseph Kennedy (father of Jack and Robert) SEC chair. He had built the family fortune on financial manipulation, but Roosevelt thought he knew where the bodies were buried, who the miscreants. So the SEC cleaned up the Wall Street stables for five years. Then Kennedy’s buddies of the financial oligarchy took charge again, in early regulatory capture. + +Pecora wrote a memoir, Wall Street Under Oath. He said: "Bitterly hostile was Wall Street to the enactment of the regulatory legislation." What, the thieves don’t want rule of law? About disclosure rules, he said that "Had there been full disclosure of what was being done in furtherance of these schemes, they could not long have survived the fierce light of publicity and criticism. Legal chicanery and pitch darkness were the banker's stoutest allies." Think about who are their allies today. + +&#x200B; + +[Irving Pollack- Father of the SEC Division of Enforcement](https://preview.redd.it/kulo5kk756171.jpg?width=354&format=pjpg&auto=webp&s=89e834a1f13f04b2d889fdc66e9156d0bab67db1) + +&#x200B; + +**1985 Irving Pollack** + +Fast forward about half a century. With the support of friends in Congress, Wall Street has neutered the securities acts by assuring the SEC would not enforce them. It made sure its foxes were guarding the henhouse. But the corruption was sometimes inconvenient. In 1985, the National Association of Securities Dealers, now FINRA, which represents the brokers, hired Irving Pollack, a former SEC commissioner who was honest, to look at short selling. Among his report’s proposals: reporting of short interest – the amount of short sales not yet covered -- should be public and perhaps more frequent. A borrowing for delivery in broker-dealer transactions should be required. A mandatory buy-in should be adopted for a delivery after a reasonable period when there has been a fail. That means the broker for the buyer who hasn’t gotten the shares can buy them on the market and charge the short seller’s broker. There should be surveillance of large short-interest positions, shorts not yet covered. + +Did the SEC adopt these proposals with enthusiasm? Obviously not. Short interest is not reported frequently. Broker dealers “locate” instead of borrow or they use counterfeit shares. There’s no buy-in. Buy-ins were allowed but not required. And Leslie Boni, an academic who in 2004 did a paper for the SEC on buy-ins said they were rare. But requiring buy-ins would make the stock go up, the shorts lose money. + +And there was no surveillance of large short-interest positions. + +In fact, corruption would be increased thanks to friends of Wall Street president Bill Clinton and his collaborator Treasury Secretary Robert Rubin (formerly of Citibank) who in 1999, killed the Glass-Steagall Act which had separated investment banking from retail banking. Retail banks till then could not use depositors' funds for risky investments. Only 10% of their income could come from selling securities. + +That sets the stage for the last few decades. + +**2004** RegSHO set up to fail + +The SEC, battered with complaints, in July 2004 promulgated Reg SHO, SHO for short selling. The hedge funds and big brokers who had been or would be shown to be illegally shorting all lobbied against it. It was a tepid reform of short selling that was Swiss-cheesed with loopholes. Think of Al Capone writing the tax laws. (On the other hand, his crooked progeny do write the tax laws!) Reg SHO would be implemented in 2005 + +The SEC knocked out a proposal for penalties for failing to deliver. + +And it wrote two giant exceptions into Reg SHO. Ex-clearing and market makers. + +The rule didn’t apply to ex-clearing, which means clearing outside the DTCC, The Depository Trust Clearing Corporation, the national stock clearing company. (Yes, it’s a private company owned by the broker dealers) It applied only to trades going through a registered clearing agency, i.e. what got sent through the DTCC. It said ex-clearing was ���rare.” + +Sales that avoided clearing agencies could fail – not be delivered -- without buyers’ brokers reporting the fails to the DTCC or buying in, requiring the short sellers broker to buy shares on the market and deliver them. To protect short sellers and avoid Reg SHO, dealers went ex-clearing. They either cleared internally or with a cooperating broker-dealer or they went through dark pools. They were private exchanges set up by the big prime brokers and banks. + +The major perpetrators are the large banks, doing it for large clients, hedge funds, or their own accounts. If they can do the transaction privately \[ex-clearing\], RegSHO doesn’t apply. Now about 40% of trades go through dark pools. *If a trade failed ex-clearing, it didn’t fail at the DTCC!* + +Reg SHO also didn’t apply to derivatives, the financial casino bets acknowledged as a prime cause of the current economic crisis and which also did not trade through a clearing house. + +Even stocks that cleared through the DTCC were not always covered. The brokers got a “grandfather clause” that allowed existing fails to continue! Because we know that brokers simply rolled them over. And brokers didn’t have to close out the shares they had sold short before the stock went on the Threshold List which includes shares that for five consecutive settlement days had fails to deliver of 10,000 shares or more at a clearing agency and where the level of fails was equal to at least one-half of one percent of the issuer’s outstanding shares. + +Then brokers were subject to mandatory covering only on the fifth day. Then the broker-dealer had 13 days to deliver the shares to the buyer or lender, and if it failed to do so, it could not trade that stock until it did. But the SEC knew, because staff wrote a paper on it, how options conversions allowed brokers to put off fail dates forever. + +**MARKET MAKERS** + +RegSHO allowed an options market maker exception, called after the person who designed and pushed for it: the Madoff Exception! (Did I say the crooks wrote the rules?) + +&#x200B; + +[Bernie Madoff, who died in prison in Apr 2021](https://preview.redd.it/ndifb6fvk6171.png?width=1482&format=png&auto=webp&s=4b96285ed2e17c6fa057802f34861c4c532400c0) + +In prison in 2012 Madoff told Forbes journalist Diana Henriques: “I fell into my crime of staying Naked Short. The fact that the prosecutor and Trustee seemed clueless of this is why my frustration is so great.” Clueless, or complicit? You just don’t go there. + +The SEC in 2007 eliminated Uptick Rule that requires short sales to be conducted at a higher price than the previous trade. Not helpful if the purpose is to batter down the stock price. It was never enforced. + +2008 **Stock lending and taking care of the banks** + +According to the SEC Office of Economic Analysis (2008) Reg SHO in effect since 2005 had not reduced outstanding fails. Many stocks remained on the SEC Regulation SHO Threshold List for hundreds of trading days + +For years, the SEC claimed naked short selling and fails to deliver were not a problem. Once things began to go sour in 2008, the first thing the SEC did was ban naked short selling in 17 financial stocks plus Fannie and Freddie. It was ironic, since the big banks/brokers had been carrying out the scam on others. Hoist on their own petard. + +And they chose the solution that people battling naked short selling had advocated for years. A July 2008 order said no traders could make trades involving those institutions unless they had pre-borrowed the security or otherwise had it available in their inventory. They had to deliver the security on the settlement date. Borrow shares before you sell them short. Stop the counterfeiting. All the regs that came out were because naked shorting, the counterfeiting of shares, was undermining banks. The SEC went from nothing is happening till the fall of 2008 that the market coming apart because of naked shorting. They chose the solution that people battling naked short selling had advocated for years. Borrow shares before you sell them short. Stop the counterfeiting. + +The SEC said it was investigating the collapse of Bear Stearns. It had been massively naked shorted. The SEC didn’t come up with anything. + +&#x200B; + +[Ted Kaufman- former US Senator, Delaware](https://preview.redd.it/jca68d5g56171.jpg?width=330&format=pjpg&auto=webp&s=741e78b0f0b0ac9ab85b0f27f872316eabbca976) + +&#x200B; + +**2009 Kaufman and the hard locate** + +A little-known backstory involved former Delaware Senator Ted Kaufman who ran Biden’s post-election transition team. It shows how big stock market players and the institutions they control have blocked attempts to deal with naked short selling. Kaufman was Biden’s longtime chief of staff, and was named to the Senate seat vacated by his boss when Biden became Barack Obama’s vice president. + +After the 2008 market meltdown that included abusive naked short selling of Bear Stearns and Lehman Brothers, Kaufman, a Democrat, and Georgia senator Johnny Isakson, a Republican, introduced legislation that directed the SEC to write regulations to end the practice. They determined that the SEC’s current regulations were unenforceable. Hedge funds could spread rumors, do massive shorts without locating stocks, and deliver after the prices dropped. + +In July 2009, Kaufman and six colleagues from both parties wrote to the SEC, proposing a “hard locate” plan that would ban all short sales unless the executing broker first obtained a unique identification number for the shares, perhaps through an automated centralized system. This would prevent multiple short sales on the basis of a single share. + +According to Jeff Connaughton, then Kaufman’s chief of staff, months before the letter, “the DTCC (the national stock clearing agency) had gone to the SEC with a proposed solution to naked short selling that looked like Kaufman’s solution, with the DTCC creating a centralized database that would prevent the same shares from being used for multiple short sales. + +The DTCC told Connaughton, ‘We got pulled back.’ They meant, he said, by their board, by the Wall Street powers-that-be.” Because in the case of the DTCC as well as the SEC, the fox is guarding the henhouse. + +In 2009 staffers of the Senators met with the SEC’s Enforcement Division to find out the status of its investigation into the naked short selling of Bear Stearns and Lehman stock. SEC lawyers told them they’d have to be patient and that the investigation would take at least another year. It never happened. + +&#x200B; + +[Ted Kaufman as long time advisor to the current President](https://preview.redd.it/m6a9h2jl56171.png?width=263&format=png&auto=webp&s=4074499e1301f9ad2712d1a806d20a0383873fa2) + +**2010** Kaufman continued to try to fight naked short selling in the Dodd-Frank debate. SEC had been ordered by the Dodd-Frank law of 2010 11 years ago to require more transparency in short selling and stock lending. It has ignored it. + +There were some alleged improvements made that year, 2008. + +The market makers exemption was eliminated, because the SEC said substantial levels of fails had continued in Threshold securities, and a significant number were the result of market maker exceptions. But they still had 6 days to settle their trades. So you have market makers failing and rolling their shares over every 5 ½ days. + +The grandfather provision on Threshold securities was eliminated. Unless its position in Threshold securities was closed, a broker-dealer couldn’t effect further shorts in them without borrowing or arranging to borrow the securities. Don’t worry, they finessed that. + +The amendments addressed fake borrows. It said that where a broker-dealer entered into an arrangement with another party to purchase or borrow securities, and the broker-dealer knew or has reason to know that the other party would not deliver securities in settlement of the transaction, the purchase or borrow would not be *"bona fide.”* + +It repeated that: “The NSCC - clears and settles the majority of equity securities trades conducted on the exchanges and in the over-the-counter market.” + +So the rules still didn’t apply to ex-clearing and dark pools. So the ex-clearing route to naked shorts was protected. fails could be concealed at the start by ex-by not reporting them to the NSCC, the National Securities Clearing Corporation. + +In fact, the dealers could use ex-clearing to opt out of fails from trades through the exchanges. They could take them onto their own books and deal with the fails as they chose to, meaning do nothing, let the fails sit\*.\* + +And protecting the interests of the big banks/brokerages, the SEC did not include a hard locate requirement in its amendments to Reg SHO. + +But the SEC occasionally takes enforcement actions that go after low-hanging fruit, ie don’t bother anyone significant or don’t order more than minor penalties, the cost of doing business. + +**2003 Sedona/Badians** + +The Sedona case, where the Badian brothers ran a death spiral financing scheme that in 2001 involved providing a loan that would be repaid in shares. And then it did a massive shorting attack that knocked down the price of the shares from $6 to 20cents. the SEC in February 2003 filed a complaint against Thomas Badian and his company, Rhino, for fraud and market manipulation of Sedona shares. Badian and Rhino immediately settled with the SEC for a $1-million fine without admitting or denying guilt. The $1 mil was a pittance, cost of doing business. + +In 2006, the SEC filed a civil suit against Andreas Badian, four officials of Pond Equities and a trader at Refco, all involved directly in the naked shorting, but not against Ladenburg, the high-profile broker-dealer that facilitated the deals and collaborators. + +&#x200B; + +https://preview.redd.it/fqrt6qam66171.jpg?width=960&format=pjpg&auto=webp&s=f91e36651dc8f18ba0e83a6e77d3bc079b718f3c + +&#x200B; + +**2005 Eagletech** + +Eagletech, which had an invention, new at the time, to push phone calls to other devices. letting people to usee a single phone number that followed them from phone to phone. He became a target of a group of death spiral financing criminals working with Salomon Smith Barney in New York five Salomon officers and a group of investors offering to buy convertible preferred shares from Eagletech for up to $6 million + +They did a pump up and then naked shorting so the stock dropped from $14 to 75 cents, reducing the market value by $113 ml. The stock went to 2 cents. The FBI was investigating. They busted 17 members of organized crime, including the crooks that ran the scheme against Eagletech. + +**SEC filed suit** against Serubo, Labella and organized crime collaborators who ran the corrupt operation that got control of stock of Eagletech. It said they generated in excess of $12.7 million from the sale of Eagletech stock. Members of his Salomon Smith Barney financing team and their options market-makers in Chicago were selling shares and then failing to deliver. + +Serubo, Labella and organized crime collaborators would be banned from penny stock trading and pay back the ill-gotten gains and fines. I couldn’t find any penalties against the Salomon Smith Barney team or their options market maker collaborators. + +Then the SEC filed suit against the victim, Eagletech, to deregister its shares because it couldn’t afford several hundred thousand dollars to file audited financial reports. The delisting is like a bankruptcy, all investors are wiped out and the naked shorters never have to cover. The SEC finished what the mob started, it killed the company. + +**2007 Goldman** + +From at least March 2000 to May 2002, that’s more than 2 years, certain customers of Goldman Clearing used the firm's direct market access, automated trading system to unlawfully sell securities short in advance of follow-on and secondary offerings when they could get the shares cheaper. + +Although they were selling the offered securities short, used Goldman Clearing's direct market access, automated trading platform, the REDI System, preparing their own orders to sell on computer terminals and falsely marked them “long.” The orders were routed directly to the New York Stock Exchange and other markets for execution. + +Goldman Clearing's own records contained information that Customers were selling securities short and that they were misrepresenting their “short” sales as “long”. Goldman Clearing's records showed that the customers were repeatedly failing to deliver to Goldman Clearing the securities that they purported to sell long. + +So for two years of allowing shorts to be marked longs, Goldman had to pay civil money penalty of – wait for it -- $1 million + +**2012 SEC v OptionsXpress** + +OptionsXpress, a wholly-owned subsidiary of Charles Schwab repeatedly engaged in sham transactions, known as “resets,” designed to give the appearance of having purchased shares to close-out an open failure-to-deliver position while in fact not doing so. + +OptionsXpress had its customers buying shares and simultaneously selling call options that were the equivalent of selling shares short. The purchase of shares created the illusion that the firm had covered the short; however, the shares were never actually delivered to the buyers because on the same day, calls were exercised, effectively reselling the shares. The purpose was to perpetuate an open short position. + +In 2009, the six optionsXpress customer accounts bought $5.7 billion worth of securities and sold short approximately $4 billion of options. They did this to a couple of dozen companies. In January 2010, the customers who did the scam accounted for 48% of the daily trading volume in Sears. In the end OptionsXpress had to pay $4 million. Cost of doing business. + +&#x200B; + +[Gary Aguirre- Former Investigator for SEC & Whistleblower](https://preview.redd.it/si49uknr56171.jpg?width=206&format=pjpg&auto=webp&s=56bf1d0512b8fdfc9e42c662d506fd8bc85c821f) + +&#x200B; + +**The insiders tell the SEC corruption** + +The story of Gary Aguirre says it all + +As a student at Georgetown Law School, Aguirre got a prize from the SEC for paper on Wall Street corruption as detailed in the Pecora hearings that led to passage of the Securities Act of 1933. So we know where he stands. In September 2004, he started as a senior counsel at the SEC Division of Enforcement. He said, “I understood what SEC was supposed to be doing: keep Wall Street from running amok. The SEC in July had promulgated Reg SHO, which it said would stop abusive naked short selling. He recalled, “The first thing I noticed is there seemed to be a deference to the large law firms who represented Wall Street players. And there were a lot of people there not at the same skill set level as the attorneys representing some of the players from Wall Street. + +Aguirre was assigned to an investigation that implicated a powerful Wall Street insider. John Mack had been head of the hedge fund Pequot Capital Management. The suspicion was that Mack had tipped Pequot’s then CEO, Arthur Samberg, of General Electric's pending acquisition of Heller Financial. Mack was the only suspect. Without that investigation, the SEC would never be able to even consider the filing of insider trading charges against Mack, Samberg, Pequot or anyone else arising out of Pequot’s trading in GE and Heller + +Aguirre refused to stop his investigation; Senior officials within the SEC's Division of Enforcement blocked an SEC subpoena seeking Mack’s testimony and records in the investigation. Aguirre had contacted the Office of Special Counsel to discuss the filing of a complaint about the SEC’s protection of Mack. Three days later, while on vacation, Aguirre was abruptly fired without warning on September 1, 2005, he was fired by phone. + +An SEC official told him it would be very difficult to take Mack's testimony because of his political influence. He told him that Mack was "an industry captain," that he had powerful contacts . . . , that Mary Jo White could contact a number of powerful individuals, any of whom could call Linda about the examination. Mary Jo White was a lawyer at a Wall Street firm, Linda was Linda Thomsen, the head of enforcement. Aguirre confirmed the conversation in two e-mails to the official the next morning. The first email referenced Ferdinand Pecora. + +Aguirre gave key papers to Charles Grassley on the Senate Finance Committee. And to the Judiciary Cmte. There were hearings in 2006. + +He told Congress that an SEC official told him it would be very difficult to take Mack's testimony because of his political influence. The official told him Mack was "an industry captain," that he had powerful contacts . . . , that Mary Jo White could contact a number of powerful individuals, any of whom could call Linda about the examination. Mary Jo White was a lawyer at a Wall Street firm, Linda Thomsen was head of enforcement. + +He said the SEC “favor” to Mack cleared the way for his return on June 30, 2005, as Morgan Stanley’s CEO with no danger of an SEC lawsuit for insider trading. Mary Jo White would become chair of the SEC 2013 to 2017, appointed by Wall Street’s favorite guy, Barak Obama, who apparently didn’t know the Aguirre story. + +Later David Kotz, the SEC's inspector general, said he had found evidence that "raised serious questions about the impartiality and fairness" of the SEC's investigation of possible insider trading at the Pequot Capital Management hedge fund. + +Kotz also condemned what he called the "common practice" of giving outside lawyers' clients access to high-level SEC officials when they had complaints about front-line investigators. Kotz made numerous recommendations for reform, which the SEC ignored. + +Aguirre sued the SEC and won ¾ of million $ in back pay and damages. + +Mack, after being CEO Morgan Stanley, became CEO of Credit Suisse, then chair of Morgan Stanley and now is senior advisor to the global investment firm Kohlberg Kravis Roberts, whose strategic partners are hedge funds. + +&#x200B; + +[Mark Fickes](https://preview.redd.it/odru363cqa171.jpg?width=200&format=pjpg&auto=webp&s=852f95acbb1d5354e65c9f6b1fc32c131c93a32a) + +&#x200B; + +**2005 Fickes and Overstock, Chris Cox** + +Here’s another case of an SEC staffer who tried to do the right thing but was pulled back. In August 2005, Overstock.com filed suit against hedge fund Rocker Partners and the equities research firm, Gradient Analytics saying they illegally colluded in short-selling the company while paying for negative reports to drive down share prices. + +Byrne took his information to the SEC. Mark Fickes of the SEC San Francisco office. He said, “Look at the patterns, their stocks are naked shorted by Dan Loeb, David Einhorn, Steven Cohen, David Rocker. \[Look at\] the dates journalists Bethany, Boyd, Remond, Greenberg wrote trash jobs. \[that was Bethany McLean writing for Fortune, Carol Remond for Dow Jones, Roddy Boyd for the NY Post, Herb Greenberg for MarketWatch\] Byrne said, “It was the same pattern, each one of these one of these journalists writes a hatchet job, there is naked shorting, SEC action begins against them, and the Milberg Weiss lawsuit. In every case, it’s part of same bum rush on the stock.” + +Byrne argued that Gradient, an investment advisor which was putting out fraudulent reports the shorters used, should be investigated – and that the journalists were central to his case. The subpoenas were issued to Carol Remond and Herb Greenberg to provide information about conversations that they had with stock traders and analysts. + +Fickes issued the subpoenas with the approval of the SEC’s head of enforcement, Linda Thomsen. It was announced that the SEC was investigating Gradient and had issued subpoenas to Carol Remond, Herb Greenberg and to Jim Cramer of TheStreet. David Rocker sold his shares in TheStreet. A month later Cramer sold some of his shares. + +Bryne: “Jim Cramer gets a subpoena; you have three days to disclose it. He knows TheStreet will crater, he can’t just go sell it with undisclosed material information. He can get a plan to sell x amount per quarter after he gets the subpoena. TheStreet broke under a dollar.” + +“Why would a hedge fund guy have an interest to own a financial publication? Cramer discloses in his books stuff that is widely illegal. Protection for journalists is about protecting sources about stories they are writing, not about their own corrupt market manipulation.” + +The question is whether freedom of the press extends to reporters whose articles are part of illegal naked short selling scams. Fickes wanted to know. + +&#x200B; + +[Chris Cox- Former SEC Chair](https://preview.redd.it/s650tr5z56171.jpg?width=330&format=pjpg&auto=webp&s=e085154954818611d3c78b7b0ed95a00a02303c7) + +&#x200B; + +He was summoned to Washington to meet with the new SEC chair, Cris Cox. Ultimately, Byrne said, the SEC caved under the media pressure. Cox killed the subpoenas and the SEC dropped its investigation of Gradient. Cox was SEC chair when Gary Aguirre was fired. + +**What should the SEC do now? Solutions are there if it wants to protect investors, not do as it is told by the big broker-dealers.** + +* Require buy-ins. Require the broker of the investor who doesn’t get shorted stock delivered to buy it on the market and charge the seller’s broker. Of course, requiring buy-ins would make the stock go up, the shorters lose money. +* Restore the uptick rule so shorters can’t sell for less that the last shorted trade. That would stop shorters hammering a stock down to bankruptcy. +* Create a consolidated audit trail (CAT) to collect order and trade execution information to identify and enable punishment of illegal trading activities, including naked short selling. More than a decade after the SEC promised it, following the 2010 flash crash, CAT doesn’t exist. +* Impose real penalties on transgressors, like loss of license. +* Send cases of serial trading cheats to the Justice Department for criminal prosecution. +* End the revolving door with Wall Street. +* What will Gary Gensler do? And will he listen most to the pushback from the big brokers or investors like people on Superstonk? + +&#x200B; + +[Gary Gensler- Current SEC Chair](https://preview.redd.it/8x1el37566171.jpg?width=988&format=pjpg&auto=webp&s=296865c7cefe2fbb38b2ce25f4e6730bb498fa2a) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Questions + +https://preview.redd.it/wwox8t4896171.jpg?width=998&format=pjpg&auto=webp&s=01378e780fc8c6f174a6c840b76132b2b9e33c1e + +* You mentioned in your last interview that NSS has been going on for a very long time, but that it ends with Gamestop. Can you clarify further *how* you see this ending with Gamestop? + +\>LK: I meant the story I tell in the book I am writing ends with GameStop. NSS goes on. + +https://preview.redd.it/x8tcjb0m96171.png?width=1234&format=png&auto=webp&s=051d06480a45392f1cf48bd7579fc85a6f609447 + +* Understanding that this is an unprecedented situation, we would simply like your personal opinion: Do you think that Wall Street/ US Gov't could/would pull some "trickery" to prevent the short squeeze from happening? What rules are they unable, or unwilling to break? + +\>LK: We saw in GameStop trickery using dark pool trades of single shares. We know -- even the SEC admits -- that brokers create fake options conversions shares. They will break every rule, helped by the SEC which chooses not to enforce or orders mild penalties. + +[now i want to play stardew valley](https://preview.redd.it/6prc9two96171.jpg?width=1079&format=pjpg&auto=webp&s=5901203d74c13d3f0177dc484a6838a6b62a12e6) + +&#x200B; + +* What is your recommendation for finding a trustworthy, easily digestible news source for those of us who "don't have the time" to watch full hearings or read full bills? + +\>LK: Depends on the subject. An aggregator I like is Naked Capitalism which has a lot of economic stories. The Daily Poster of David Sirota. I think the American Prospect that ran my NSS story is good. You have to try various online media to find the ones that do what your asking. + +&#x200B; + +[ ](https://preview.redd.it/iosfnjcv96171.jpg?width=1080&format=pjpg&auto=webp&s=dc409dc5f02241f1aa8d009096fcb65758e029a9) + +*For clarification- The Hearings will be held: by U.S. Senate Committee on Banking, Housing, and Urban Affairs on May 26, and by the U.S. House Committee on Financial Services on May 27.* + +* Congress has 2 hearings scheduled this week that are bringing megabank execs up to testify. In your opinion, will the correct questions be asked, or do you believe this is just political theatre? + +\>LK: It's political theater. This is the same congress that has not reinstated the Glass -Steagall act of 1933 that separated commercial and investment banking, meaning keeping depositors' money from being used for banks own investments. thanks to Bill Clinton and Robert Rubin, the friends of Wall Street. You can tie the 2008 crash to that. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Thank y'all again for being so awesome through technical difficulties!! The show must go on, right? + +&#x200B; + +# Thanks again to Lucy Komisar for joining us for a second time. Lucy will be back next Wednesday to speak with Wes Christian. Details to come in tomorrow's Jungle Beat! Be sure to follow u/theJungleBeat so you catch the latest news from around Superstonk, every day at market close! + +&#x200B; + +# I did speak to Lucy on the phone tonight and we agreed to both have a glass of wine in honor of Supertonk. And she said she will be sure to charge her iPad ;) 🥂 +I am a sergeant in a correctional facility. There are several inmates in my units that ask about financial advice for when they get out, how to build credit, how to open a bank account, how to fill out a check, etc. Most of the inmates in our facility are short-timers so I would like to help them achieve their goals and stay out of prison. I have started with the information on the sidebar but if any of you have any materials that may help someone with a felony that may possibly be on probation/parole that would be greatly appreciated. My boss is actually going to approve that I teach this in a class once I have enough information to build a curriculum. +[Link to the notice](https://www.sec.gov/rules/ic/2021/ic-34365.pdf) + +[What's New on the SEC Website, August 26, 2021](https://www.sec.gov/news/whatsnew/wn-today.shtml) + +I'll edit the OP later on unless someone beats me to an explanation in the comments. + +**EDIT:** + +The stuff in this notice is pretty juicy - but first, the post title needs some clarity - as per the source: + +>*The application was filed on* ***September 28, 2018 and amended on July 21, 2020, and June 16, 2021***. *Hearing or Notification of Hearing:* ***An order granting the requested relief will be issued*** *unless the Commission orders a hearing...* + +Explain to me how it's fair they can file it 3 years in advance, amend it twice during periods when they're speculated to be on the *really* bad side of some bets, have a history of insider trading, have clear conditions that would allow them to **abuse** the exemptions, and then get it conditionally approved on the verge of a colossal market correction that **they likely made worse and accelerated.** + +The meat and potatoes of this exemption request involves employee exemptions. Here's a juicy tidbit: + +>*A Future Fund may be structured as a domestic or* ***offshore limited*** *or general partnership, limited liability company, corporation, business trust or other entity.* ***Point72 may also form parallel funds organized under the laws of various jurisdictions*** *in order to create the same investment opportunities for Eligible Employees (defined below) in other jurisdictions.* + +Fuck off Stevie + +&#x200B; + +>*Interests in the Funds will be offered in a transaction exempt from registration under section 4(a)(2)* + +Google section 4(a)(2) to get: + +>*What is section 4?* +> +>*This is often referred to as the private placement exemption for issuers. ... A Section 4(a)(2)* ***private placement provides an attractive capital-raising alternative for a foreign issuer considering offering securities in the United States***\*.\* + +Again, fuck off Stevie + +&#x200B; + +LOL - wow + +>*Applicants request an exemption from* ***section 17(j) and the provisions of rule 17j-1 (except for the anti-fraud provisions of rule 17j-1(b))*** *because they assert that these requirements are burdensome and unnecessary as applied to the Funds.* + +Guess the title of **rule 17(j)-1**? [*Personal investment activities of investment company personnel*](https://www.law.cornell.edu/cfr/text/17/270.17j-1) + +Oh, you don't want an exemption from the anti-fraud provisions? *How noble of you.* Out of curiosity, what're the sections of [rule 17j-1](https://www.law.cornell.edu/cfr/text/17/270.17j-1)? + +>***rule 17j-1(a) - Definitions*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(b) - Unlawful actions*** +> +>4 sub-paragraphs +> +>***rule 17j-1(c) - Code of Ethics*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(d) - Reporting requirements of access persons*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(e) - Pre-approval of investments in IPOs and limited offerings*** +> +>1 sub-paragraph +> +>***rule 17j-1(f) - Recordkeeping requirements*** +> +>7 sub-paragraphs + +Wait a second, you want to be exempt from the code of ethics but not unlawful actions? That seems like it works against what GG claims as *the spirit of the law*. Just look at the first paragraph in the code of ethics! + +>***...*** *must adopt a written code of ethics containing provisions reasonably necessary to prevent its Access* [*Persons*](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=3df16bcba79f5e9f4c3cc2c8c60b0903&term_occur=999&term_src=Title:17:Chapter:II:Part:270:270.17j-1) *from engaging in any conduct prohibited by* [***paragraph (b)***](https://www.law.cornell.edu/cfr/text/17/270.17j-1#b) *of this* [*section*](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=ae77e4ab315ae0b3a3e66d2e23fa9ec3&term_occur=999&term_src=Title:17:Chapter:II:Part:270:270.17j-1)*.* + +That's a fucking joke, right? The rules in ***rule 17j-1(b) - Unlawful actions*** are absurdly vague. The code of ethics section (**edit: for clarification**) details requirements for how to communicate to employees what unlawful *actually* means. You'd think that'd be kind of important if: + +>***Point72 may also form parallel funds organized under the laws of various jurisdictions*** + +I'm not even going to get into how obviously necessary reporting requirements are. + +Remember how Stevie got away from his first insider trading trial? The lack of the flow of information. How do *your employees* know what's unlawful when you're not telling them what specific actions would make it unlawful - **especially with respect to different countries?** + +Stevie is a fraudster. Do SEC personnel approve these on their lunch break or what? + +I'll go out on a limb here and say **these exemptions should not have received delayed approval.** Fuckery abound. + +And for any of you **whistleblowing lurkers** out there, there is an opportunity for a hearing if you've got compelling information: + +>*Hearing or Notification of Hearing: An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing by e-mailing the Commission’s Secretary at* [*Secretarys-Office@sec.gov*](mailto:Secretarys-Office@sec.gov) *and serving applicants with a copy of 2 the request by e-mail. Hearing requests should be received by the Commission by 5:30 p.m. on September 20, 2021, and should be accompanied by proof of service on the applicants, in the form of an affidavit or, for lawyers, a certificate of service. Pursuant to rule 0-5 under the 1940 Act, hearing requests should state the nature of the writer’s interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by e-mailing the Commission’s Secretary at* [*Secretarys-Office@sec.gov*](mailto:Secretarys-Office@sec.gov)*.* + +&#x200B; +In the past day since the interview, there have been a flurry of posts saying Gary doesn't know what DRS is, claiming that he said so, telling him to go read his own website, etc. + +Except in the interview **HE NEVER EVEN SAID THAT**. In fact, he said the exact opposite. + +This isn't a misunderstanding. An army of bad players are straight up either lying or it's people falling into the FUD without watching the interview. + +Direct quote and link below. This anti-SEC anti-Gensler push happens EVERY TIME the SEC does anything good. It's fake as fuck. Like or dislike the SEC, you don't get to straight up lie about what they're doing and saying. + +Skip to **48:12** for his reply: [Interview with Gensler](https://twitter.com/i/broadcasts/1YqKDolwamaxV?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1603826335973269505%7Ctwgr%5E30777afa802b9fd45d8a708fdffc2cdae30ea94f%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.redditmedia.com%2Fmediaembed%2Fznm85t%3Fresponsive%3Dtrueis_nightmode%3Dtrue) + +# "I need to learn more about it Dave, I've heard about it. What do you suggest? What are you recommending?" + +He directly says that he's heard about it. Yes, he knows what DRS is. Obviously he can't speak to it too much due to the legal pressure, but to say that he's claiming he hasn't heard about it? **HE SAID THE EXACT FUCKING OPPOSITE.** + +Don't let these shills get away with this bullshit, because being against the SEC and convincing people that submitting comments is useless is how Citadel wins. This sub has had some insanely sketchy behavior lately and there's not enough push back against this. There are very obviously bad actors pushing an agenda on this sub very heavily. + +Oh, and DRS your shares. I'm 100% DRS and I wouldn't trust a broker with a single share of mine at this point. + + +**Edit:** I'd also like to add that Gary explained why he can't take information directly from reddit or twitter. It has to be in comments on [SEC.gov](https://SEC.gov) due to the administrations act of 1940, he explains it in the video. + + +Comment on proposals and sign those petitions! It's actually working, though there are a ***lot*** of people in this sub lately who would want you to believe otherwise. +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? +I got a credit card around 5 years ago in the hopes of building credit and eventually moving in with my then boyfriend. I eventually maxed out said credit card on said boyfriend and after working my ass off for 5 years -- I HAVE FINALLY FULLY PAID IT OFF! + +I feel so free! + +Now to get rid of my student loans, car payment, and medical debts 😩 + +Update: +Wow — I am so overwhelmed by the responses to my post! Thank you all so much for your congratulations! It has been such a hard few years and I’m finally feeling like all my hard work and effort is starting to pay off (pun intended, always). + +I really never felt like this would happen. I spent a lot of time feeling helpless and stupid for wasting my time, money, and credit on that guy. It was a stupid mistake for me to try to save the last three years of my dying relationship with debt but it happens. I’m nowhere near out of the woods with everything else financially, but man do I feel closer now. +I got a credit card around 5 years ago in the hopes of building credit and eventually moving in with my then boyfriend. I eventually maxed out said credit card on said boyfriend and after working my ass off for 5 years -- I HAVE FINALLY FULLY PAID IT OFF! + +I feel so free! + +Now to get rid of my student loans, car payment, and medical debts 😩 + +Update: +Wow — I am so overwhelmed by the responses to my post! Thank you all so much for your congratulations! It has been such a hard few years and I’m finally feeling like all my hard work and effort is starting to pay off (pun intended, always). + +I really never felt like this would happen. I spent a lot of time feeling helpless and stupid for wasting my time, money, and credit on that guy. It was a stupid mistake for me to try to save the last three years of my dying relationship with debt but it happens. I’m nowhere near out of the woods with everything else financially, but man do I feel closer now. +Hey all. So, BSC has been a nightmare lately with rug pulls, pump and dumps, and various other rubbish. It probably doesn't come as a surprise, but the porn industry is also a fairly lawless place, particularly when you are creating your own content (a la OnlyFans). Stuff get stolen all the time and posted for free. + +$PORN is a token by Adam Zhu. A Full-Stack Software Engineer who's friend's OnlyFans content was stolen. As a result, he's spent the past 6 months building a blockchain-based product, to utilise NFT-like structure to watermark content – SPECIFICALLY to prevent this from happening in the future. The token's purpose is to help financially back this project, allowing for the hiring of a few extra engineers and designers to make sure it's really well-rounded! (More on the site link below.) + +I'm obviously not the dev, but I have already put my money behind this as I think it's a great cause and it really has a chance at being a SOLID BSC token. Charts are looking really bullish right now, as well. Give it a look! + +🍊Website: [https://buyporntoken.com](https://buyporntoken.com) + +🥞Purchase: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x31b9773f225408129a90788ef013bd449e283865](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x31b9773f225408129a90788ef013bd449e283865) + +🔒Proof of LP lock and renounced contract: [https://dxsale.app/app/pages/dxlockview?id=0&add=0xa404CC2Ee61f070a18d2B57eB2C98893811aF65b&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xa404CC2Ee61f070a18d2B57eB2C98893811aF65b&type=lplock&chain=BSC) + +📈[https://charts.bogged.finance/?token=0x31b9773f225408129a90788ef013bd449e283865](https://charts.bogged.finance/?token=0x31b9773f225408129a90788ef013bd449e283865) +Apparently 3 years ago I overpaid taxes by $130k due to an oversight by my CPA--total tax bill was about $2.6M so about 5% of it. + +I've been with them for over 4 years now and they seem to do a good enough job, they're responsive, and are very by the book..for better or worse. + +I certainly don't feel like having to build a relationship with another firm and go through all my documents/circumstances again..nor do I want to do my own taxes. + +However this was only spotted because another partner in our business recently went to this CPA and my partner discovered the mistake. + +I get mistakes happen and in our industry we've certainly made our own, but it's of course disheartening to have had this happen. + +Is this something to just let slide? +[https://www.moneycontrol.com/news/business/personal-finance/the-all-new-mfc-platform-will-it-be-a-one-stop-portal-for-all-mutual-fund-transactions-7493061.html](https://www.moneycontrol.com/news/business/personal-finance/the-all-new-mfc-platform-will-it-be-a-one-stop-portal-for-all-mutual-fund-transactions-7493061.html) + +&#x200B; + +Seems promising but my concern is why not upgrade/ improve MFU instead of creating another platform? +I am 38 years old (39 in August). I can’t help shake the thoughts from my mind that I am way behind in my retirement planning. To date, I have a mere ~$8,000 from a previous 403b (no longer a teacher), and a 401k with ~$18,000 (currently contributing 3%, matched by employer). My wife, 28 years old, is a self-employed business owner. She has a mere ~$3,500 from her years as a barista @Starbucks (401k). We have a mortgage, and one car payment, but no credit card debt. We have an emergency fund of roughly $33,000 in a HYSA. Two months ago we opened individual Roth IRAs; we have the means to max them both out. I guess what I am asking is, will we be in ok ‘shape’ come retirement? I know this question is relative, and the answer is subjective to an array of variables… let’s assume we both work for another 28-30 years, and that our retirement lifestyle is nothing lavish… any advice, encouragement, or direction is most welcome! Thank you! +Not as the title may have you believe... + +Myself and the boss are getting married in 2024 and the total cost is going to be in the region of £20k. + +We've heard of people using credit cards to pay for the wedding in order to receive alot of points/rewards. We are thinking along the lines of getting a card that provides rewards that could help out with the honeymoon to South-East Asia in 2025. + +To clarify, the wedding funds are coming from ourselves and both sets of parents. The credit card is not being used as credit and would be paid off immediately. + +Cheers! :) +Hi there! I have been digging in uranium miners (i.e Cameco, Kazatomprom, UUUU, Denison Mines, etc.) but is hard to see how uranium may evolve in the energy decarbonization. Any thoughts or insights here? +Hi all, + +Today I received an Income Tax demand to make an additional payment. Weird thing is, I have already received a refund for the same AY 21-22 last month. + +I filed the income tax returns according to the new IT slabs forgoing exemptions (section 115BAC) + +Chronology: + +1. Received notice for refund of Rs. XX dated 27th April. The Amount was credited to my account in a few days. (the notice says 'Yes' for Opted for 115BAC) +2. Received another notice today, demanding Rs. YY (different amount from above) this time. The notice says 'No' to Opted for 115BAC. + +I logged in to the IT portal to dispute it, but today's demand notice is not there, only the refund one from last month. + +Is it some error from them? Is it a scam? The sender's email looks legitimate (same as previous years), also the pdf was password protected with pan + dob as usual. Any idea what's happening? +"I think I worked one year too long." + +&#x200B; + +My father worked hard his whole life to try to give the best life for his family. While we were certainly never rich, he felt it was important to give his kids every chance at success in life, including paying for all four kids to go through college. That financial burden, along with a career that was far from stellar, forced him to work through his mid-seventies. + +&#x200B; + +Working long hours in a thankless job and battling cancer along the way took a toll on him, both physically and mentally. He understood money, and knew he had to work until he had a certain amount of savings. Unfortunately, he didn't get to his "number" before his health declined. He has been retired for almost 10 years, but got to the point where he can't enjoy the fruits of his labor. His health continues to decline and most of his time is spent in his house. + +&#x200B; + +The thought of working so long and hard that I can't enjoy my later years has haunted me. Since he uttered those words, I have been focused on maximizing my savings and have put together a financial model where I know I've worked long enough to be financially secure...but not too long. This focus has put me very close to my FI number. Thanks dad...you gave me the kick in the butt I needed to set an important goal and achieve it. + +&#x200B; + +"One year too long" is just as scary as "one year too little." +Currently, the average median in the UK is £31,461 for full-time workers. This also doesn't include the people making 6 or even 7 figures in London as this is the **median**, not the average. + +I was honestly shocked by this figure, I can think of significantly more jobs that make a salary in the low twenties as opposed to the thirties. + +The average salary for an accountant is just shy of £30k. Considering that the "regular joe" isn't an accountant, I'm surprised that the median salary makes more than that. + +[https://www.findcourses.co.uk/inspiration/average-salaries-uk/average-uk-salary-2020-2021-19759](https://www.findcourses.co.uk/inspiration/average-salaries-uk/average-uk-salary-2020-2021-19759) +I keep reading that HSA's are the ultimate retirement account because of three criteria (tax deductible contributions, tax free growth, tax free withdrawal for eligible expenses). It is the tax free growth part that I don't understand. Is that growth only tax free if I use it for medical expenses? + +Maybe I can use an example. + +I invest $10k while working. + +It grows to $15k by age 65 ($5k growth) + +If I were to make medically eligible withdrawals before age 65, I can take out $10k and never pay taxes on any of it (if I understand correctly). + +For the remaining $5k of investment growth, is that able to be withdrawn tax free at age 65 for whatever I want since growth is tax free or is it only tax free if it is for medical expenses? If it is the latter, why is that a good retirement investment if I have such limited uses for it? Apologies if I am being dense, but it doesn't feel like a real triple threat if I'm limited to medical expenses. +MiniDoge was created by DevTeamSix. They are a fully doxxed team who has shown their faces and business address. This is a multimillionaire team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They launched minidoge and filled a 5,000 BNB hard cap in 15 minutes ($1.5M USD). The market cap just kissed $350M and is now correcting. This may be the last chance to get in. + +🔐 MiniDoge - from devs of CreamPYE 🥧 +Tired of getting in too late on projects? Let’s face it; most projects being shilled here are posted by people who have already bought in early looking to dump. +The crypto market has been underwhelming lately, and many projects have gone to the grave. CreamPYE is one of the few projects still holding strong, and the team behind it has launched a new sister-project called MiniDOGE. + +Join the NEWEST addition to the DOGE 🐾 family! MiniDoge is the first ever AutoBoost token. HODL and Earn Tokens with MiniDOGE aka Ms Celebrity Doge! MiniPet Adventure App on the Roadmap Q3🚀 MiniDoge is bringing the crypto world to the gaming world. + +AutoBoost Tokenomics (better than Everrise) MiniDOGE is the worlds first ever crypto with an adjusting buyback feature for sells of MiniDOGE token. You Sell, We Buy! +MiniDOGE is built for the holders to win. 12% buy fees and 18% sell fee (extra 5% more reflection to holders). This is made to reward long holders, to discourage people looking for a pump & dump. + +More info here: + +Contract: 0xba07eed3d09055d60caef2bdfca1c05792f2dfad + +Website: https://minidoge.finance + +Telegram: https://t.me/MiniDOGEToken + +Twitter: https://twitter.com/minidogetoken/status1411344252894732288?s=21 + +Reddit: https://www.reddit.com/r/minidoge/ +to brokerage accounts for lending, shorting , general fookery. And it’s also to get people to stop DRSing now, and to scare them from DRSing the splivvy shares. I’m certain. The entire premise of being mad about it is ridiculous. Even at the reduced limit, it’s still way higher than most brokers limits. They must really be on the ropes, time to deliver the knockout blow with more Buy/HODL/DRS/Shop. Apologies in advance but I plan on reposting this in couple other places. +It’s a clever , but will not work. Apes are too dumb. Now LFG!! 🚀🚀🚀 +Hello everybody! + +I’m a 24 year old male. I recently switched over to a new role at work and it came with a significant raise. The last few months have been spent putting together an emergency savings fund, and now I’m looking to heavily invest on growth and dividends trading until(and after, cmon) I become eligible for my employer sponsored Simple IRA this December. + +I’ll be real with you - I have half of an idea of what I’m actually doing because I have little experience in actually trading - so much so that I’m still down $200 in the market since I began trading, but I haven’t traded since 2018 when I tried to get some quick gains on $CEI; however, I’ve been monitoring this subreddit and some traders on YouTube to have a better understanding of how to diversify a portfolio and start aiming toward living like FIRE. + +This past week, I’ve been doing some heavy research into who to invest in and why. Here are the stocks that I’m putting into my portfolio listed in order of purchase priority: + +Dividend: +MAIN +DFS +LTC +O +COKE +S&P + +Growth: +MGNA +QS +INUV +NGA + +Feel free to tell me whatever opinion you have, as I’m interested in seeing if this thought process is even grounded. + +Looking forward to being apart of the community and sharing my experience this year! +Hi UKPF + +The gov has just announced a scheme to allow sponsorship and hosting of Ukrainian refugees. Under this scheme the host will receive a £350-a-month “thank you”. +I’d like to host my friend and her partner in my house. But what implications from a personal-finance perspective will I need to consider? Goes without saying that I expect hosting them will ultimately cost me money. But I’m keen to minimise expenses if possible and get an early idea of what the costs will be. + +1. Are there any hoops you have to jump through in order to host? (Fire safety checks on property? etc) + +2. Can the £350 “thank you” be taxed? + +3. Under the scheme, sponsors are expected to host for at least 6 months. Can we expect to continue receiving the £350-a-month “thank you” after the first 6 months? + +4. In addition to the £350 to the sponsor (which I’m assuming is intended to be spent on the refugee anyway) do refugees receive their own separate allowance or benefits? + +5. If their parents decide to escape Ukraine I’d be glad to host them too. Under such circumstances, I’d be willing to move back in with my parents and let them have my house to themselves. Would there be any implications to this? (essentially a sort of switch from having “lodgers” to “renting” a property but in reality it’s all rent-free anyway). + +I’d really love to hear from anyone who has experience hosting refugees because there’s probably much more to consider! + +Also I’d like to add that I fully trust my friend and her family. You couldn’t meet kinder people. I’m not concerned that they will fuck up my house. But I appreciate that people who also might be considering hosting will be reading this thread. So any information relating to the rights of sponsors and refugees if things go awry is welcome. +DiamondHold, a fresh RFI-like cryptocurrency where the longer you hold, the more you are rewarded! + +DiamondHold works for you by allowing you to not only ***earn more reflections*** the longer you hold, but ***transactions tax decreases*** over time so you can be confident that your investment not only grows, but you save more. It's a win-win! + +This token also will have an actual ***usecase*** with an **ONLINE CASINO**! $DHOLD tokens will be exchanged for online casino chips to use in casino games such as Diamond Hold'Em Poker!! + +Why should you invest in DiamondHold? + +Unique reflection reward system that is the **FIRST OF ITS KIND**, with a **REAL USECASE** \- all for a token that currently only has a $4 Million Marketcap - ***HUGE UPSIDE VERY POSSIBLE*** + +There are ***4 wallets tiers*** for holders: + +💎 **Tier 1** 💎 + +Tier 1 is available to every wallet that has at least 1 token. It receives **15%** **tax** on transactions and receives **1x** the **rewards**. + +💎 **Tier 2** 💎 + +After 3 days of holding at least 1 token, Tier 1 wallets mature into Tier 2 wallets. These wallets receive **13% tax** on transactions and receive **3x** the **rewards**. + +💎 **Tier 3** 💎 + +After 7 days, your wallet will advance to Tier 3. It will receive **10% tax** on transactions and **6x** the **rewards**. + +💎 **Tier 4** 💎 + +Finally, after 30 days, your wallet fully matures into a Tier 4 wallet. It receives **6% tax** on transactions and **10x** the **rewards**! + +Not only this, but you can be confident in the token and the devs as they have not only shown themselves to be transparent with their constant interaction with the DHOLD community on their Discord and Telegram Channels, the locked LPs (see links below) and their first successful Audit! Everything you ever wanted in a token is right here, and the best thing is, there is much, much more to come! + +***Phantom tokens*** are a concept that was coined by the developers at Diamond Hold, which are loosely based on the idea of [bonus issues](https://www.investopedia.com/terms/b/bonusissue.asp). + +The basic definition is: + +>*Phantom tokens are tokens that are temporarily taken out of the circulating supply, which will then be returned to the supply at a later stage.* + +For more on phantom tokens, there is a medium article available: [https://diamondhold.medium.com/what-are-phantom-tokens-73154168fa63](https://diamondhold.medium.com/what-are-phantom-tokens-73154168fa63) + +Supply Breakdown: + +⚖️Total supply of 1,000,000,000,000,000 (1 quadrillion)!⚖️ + +👨‍👨‍👧Public (32%)👨‍👨‍👧 + +🔥Burned (40%)🔥 + +🖥Marketing \[6-month lock\] (19%)🖥 + +👨‍💻Dev Wallet (9%)👨‍💻 + +Statistics: + +✅$4 Million Market Cap + +✅40% Burn + +✅ Audit Passed + +✅ Tier system for taxation and redistribution, the first and only one of its kind + +✅ Liquidity LOCKED + +✅ Low Price + +✅ Huge Upside Potential + +🔓 UPDATED LOCKS 🔓 + +Team Lock: [https://dxsale.app/app/pages/dxlockview?id=4&add=0x9ED5216f5D07aab8710b44322459844540cFDec5&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=4&add=0x9ED5216f5D07aab8710b44322459844540cFDec5&type=tokenlock&chain=BSC) + +Marketing Lock: [https://dxsale.app/app/pages/dxlockview?id=3&add=0x2BA4B1CCa6E240C0e6d938F2C647019179454559&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=3&add=0x2BA4B1CCa6E240C0e6d938F2C647019179454559&type=tokenlock&chain=BSC) + +Liquidity Lock: [https://dxsale.app/app/pages/dxlockview?id=1&add=0x1bA1d0F472f44c8f41f65CA10AB43A038969DF57&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1&add=0x1bA1d0F472f44c8f41f65CA10AB43A038969DF57&type=lplock&chain=BSC) + +🔥 40% BURN 🔥 + +[https://bscscan.com/tx/0xf0c53083e084ad6cdabe24b001981b9257a1bd49ed946bad0a42430f9352db9b](https://bscscan.com/tx/0xf0c53083e084ad6cdabe24b001981b9257a1bd49ed946bad0a42430f9352db9b) + +🛡️ AUDIT 🛡️ + +[https://github.com/TechRate/Smart-Contract-Audits/blob/main/DiamondHold.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/DiamondHold.pdf) + +🗄 Additional Info/FAQs🗄 + +[https://www.notion.so/Links-and-FAQ-0e4150dbbd574d3daa664a266d9bd00d](https://www.notion.so/Links-and-FAQ-0e4150dbbd574d3daa664a266d9bd00d) + +With over 2000 holders already, come and see why this project is growing stronger and stronger each day! + +Don't miss your chance to be one of the first Tier 4 holders to enjoy 10x the reflections! The climb to the top has just started and we want as many people as possible to be a part of it! + +Relevant links: + +[Website](https://diamondhold.net/) + +[Telegram](https://t.me/diamondhold) + +[Discord](https://discord.com/invite/YpEjjvCcVx) + +[Chart](https://charts.bogged.finance/?token=0xeE8feAeE52CE378BA356A5772BBa29d08AF25cdB) +I got this information from Dr. T and Wes (youtube time links to sources are below, with shoddy transcriptions - I recommend listening to the videos yourselves), but the pertinent part is Wes's comments from his AMA about overvoting. He stated if there's an overvote the company (GameStop in our case) can see the huge overvote numbers, but they must be massaged and culled before the final 8K reporting. He said it happens in a dark room, and is a complete joke. + +Dr. T mentioned if an overvote occurs the company can hire an auditor of some sort of investigate exactly what happened. This is an option, but doesn't necessarily mean GameStop will take this line of action, though, it was Dr. T's explicit recommendation. + +[Wes AMA time link](https://www.youtube.com/watch?v=q8-JO3g5bm4&t=82m28s) + +Q (Lucy) : Next question, if proxy votes far outnumber the float, how would that be handled by regulatory agencies, and if it goes to court will there be a squeeze or a settlement? + +A (Wes) : Well there's many parts to that question. So let's start with the proxy vote. So as Susanne Trimbath says in book, the Naked Short and Greedy... It talks about this issue of over-voting is what they call it. The question is called over-voting at the DTC. She dealt with it when she worked at the DTC many years ago. Imagine that it's gotten worse. I'll tell you sadly, sadly how it's dealt with. It just gets wiped out. **I can't get into details but I can tell you that the vote counters and proxy services will actually show that discrepancy the day before the record day, but on the record day, somehow, it all just gets washed out. It just acts like it, you know, I see nothing I know nothing I do nothing. So ultimately it's a joke, and it's a very sad joke.** It does impair corporate governance though... + +End quote -- And Wes goes on to talk about legal options since you know he's a lawyer. + +[Dr. T AMA time link](https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2060s) + +Dr. T : What do you do like you said right now, GME is in proxy season. And there's a story about Overstock in the book \[her book Naked Short and Greedy\] as well about what they, their proxy, what happened at their annual meeting when they got more votes in, and they knew for a fact that members of Patrick's family did not receive their proxies, so were unable to vote, right. There's umm... there's a website called [inspectors-of-election.com](https://inspectors-of-election.com) ... The company has to do this, the investors don't do this, the company hires an inspector of elections, someone like Carl Hadberg for example. Who will actually go in and try to figure out... In my view, and this is Carl Hadberg's view as well, and he's much more experienced on that side of the business than I am, **if you're an issuer and you get more votes in than shares outstanding you should not accept those election results. You need to stop, call in an inspector, and get this thing straightened out. This will help to reveal evidence if there is naked shorting, if there are fails to deliver, whatever's going on, it can be revealed.** There are a few things that bubble up, there's a lot about fails to deliver, and naked short selling that you will never find in public information. Right? Even the issuers have a hard time finding out exactly what is happening with their stock. This is a long term problem. **There are a few things that bubble up, and one of them is during the annual meeting that comes with voting**. + +End quote. + +tl;dr + +The real vote count has in all likelihood been completely hidden, as this whole "process" is a sad joke, in Wes's own terms. This is not GameStop's fault, but merely that the system here is a bit broken (like we all knew)! + +**So we don't know what numbers GameStop saw, and we don't know what their plan is. Ryan explicitly said in the shareholder meeting he won't be telegraphing his plans to his enemies, and instead wants us to be patient and wait to see what action they take.** + +Edit: More info here [https://www.reddit.com/r/Superstonk/comments/mya2a8/dd\_heres\_what\_happens\_if\_there\_is\_over\_voting/](https://www.reddit.com/r/Superstonk/comments/mya2a8/dd_heres_what_happens_if_there_is_over_voting/) +Hey /r/povertyfinance, + +I don't really have anyone to tell this to but you. + +This summer I had no car, a job barely above minimum wage that I hated (hotel front desk is not the ideal job, trust me), and almost no money. I was sleeping on a makeshift bed in my dad's living room. I saved everything I could, which was most of my income thanks to my dad covering the mortgage and most of the groceries (thank you, dad). + +This fall I moved out to go back to school and got an apartment with two friends off campus. I also got my first office job, an internship in software engineering. There was a gap of about a month between quitting my old job and starting my new one, and buying a car was the last of my money. I started the school year and my job with less than $50 to my name, plus a car loan for a few thousand and a maxed-out credit card, thankfully with a $500 limit. + +Now, 4 months later, I am making regular payments on my car loan and credit card, and can pay my bills on time. + +The reason I'm writing this is that I just put $20 into my savings account. I haven't had money that wasn't immediately needed for something since I moved in. It's almost surreal. + +I know it's a small step, but I'm making more than I'm losing. +This is a weird situation. My father lives in rural SC. He turns 65 in May. He receives ssi. My sisters and I live in Oklahoma. + +He owns the house he lives in. It is rundown and has a tiny piece of land. He constantly has freeloaders living in his house, depending on him to pay for them, and not even helping around the house. He has no car. He doesn't work. He only has internet access in his free government phone. + +He never fills out government forms for Medicare and shit like that. Being so far away, it is hard for us to help. At this point, I am pressuring and begging him to leave SC and move to OK. I have a garage apartment he can live in plus he would have family to help him. + +What would happen to his house if I got him up here and he just abandoned it? The house is worthless. I doubt the land is worth that much either. + +**ETA: I am reading everyone's comments and will answer when I get off work. I didn't expect to have this many responses.** +Hi, I'm an international student in Sydney, Australia, currently renting in an apartment with my friend. We're both struggling financially. I am right now jobless, while my friend is holding two jobs. To make things worse, my landlord is now asking us to pay a year's worth of internet bills, worth over $1000. This much money we can't source in such short a time. + +This was NOT in our previous agreement, as it was stated by him that the previous owner of the apartment paid for the internet bills because of good will (fellow countryman). + +I have begun looking for written proof, in text messages and internet correspondence, where he said that internet payment is unnecessary but so far, nothing. Any and all advice on how to dispute this payment is highly appreciated. + +UPDATE: Hi everyone! My landlord decided to waive the internet fee. However, my internet will be disconnected and I have to pay for my own ISP from now on. Will reconsider moving after my lease is up. Thank you for all your help! + +> Talks between Chinese President Xi Jinping and U.S. President Donald Trump have concluded. No additional tariffs will be imposed after January 1, and negotiations between the two sides will continue. https://news.cgtn.com/news/3d3d414f3041444d31457a6333566d54/share.html + +**Previously**, Trump put 10 percent tariffs on $200 billion in Chinese goods, which was planned to go up to 25 percent since Jan 1st 2018. https://www.cnbc.com/2018/09/17/trump-puts-new-tariffs-on-china-as-trade-war-escalates.html + +**The** Trump-Xi talk today agreed to keep their trade war from escalating by halting any new tariffs for **90 days**. It is a good news to the stock market, given that a truce talk between the world two largest economies will give both sides more room to negotiate future terms. + +Edit: Thanks for the Gold Award! My very first one on Reddit. You make my day! +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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Here’s how I see things playing out in the next few years. First of all remember that changes in the RE market move slower than any other market and the usual caveats apply, ymmv based on you specific location, etc. + +That said, the market usually finds a way to keep things moving. + +In this case we’re seeing the demand for higher end, non-starter homes in the 500k-1M category (varies by market obviously) see little demand and prices drop because people in starter homes aren’t interested in exiting their current 30 year fixed rate mortgage and moving up in home. Meanwhile supply of those higher end homes is continuing to grow because most builders can’t turn a profit on lower end 3bd 2bth “starter” homes and continue to put their business resources toward building higher end homes in up scale neighborhoods. + +So between the lower demand for these kinds of homes and the rise in supply, the prices will continue to fall until equilibrium in the market is achieved and people are incentivized to again move up and buy nicer/bigger homes regardless of the higher mortgage rates. + +Also as treasury bond yields inch higher the risk adjusted rate of return will incentivize institutional RE investors to sell at least some of their portfolios to deleverage and reduce risk to appease shareholders. These companies are agnostic about asset class and only care about profit. It’s only the tinfoil hat conspiracy theorists who believe institutional investors will never sell because of some big plot “you’ll own nothing and be happy” or whatever. + +Nothing goes up forever in a straight line. I’m not forecasting a mega crash, but you will see a healthy correction back to reality as the Fed continues on their current path which they no they have no choice but to do. + +If you think I’m wrong or overlooked something I’d love to hear it. +Some points from the speech. + +1. 500 and 1000 rupee notes will stop being legal tender starting midnight on 9th November IST + +2. 50 days(till Dec 30) given to the general public to deposit the money at a bank or post office. + +3. Banks are on leave on the 9th of November + +4. The old notes will still be accepted at petrol pumps, crematorium, burial grounds and hospitals till 11th November + +5. Two new notes will be introduced Rs500 and Rs2000 + +Source +[The Hindu](http://www.thehindu.com/news/national/live-narendra-modis-address-to-nation/article9320548.ece) + +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! + +Hi, my sister and I are college students and our younger sister just recently graduated high school. Were at a loss at what to do as we know nothing of finances-- our mother always handled it. Both of my sisters both received calls that they are owed money o the Debt Collector and, through snooping, we discovered credit cards under our names in our mother's purse. + +A bit of background: our mother is consistently late on payments, bills, rent, everything. My sister and I just recently opened personal bank accounts so we could deposit the refund from scholarships because we were tired of our mother spending it all and, thus, not allowing us to be able to pay for our housing (as we live away from home for school). + +What can we do? What is there to do? How can we ensure this doesn't happen again? + +EDIT: A bunch of thanks to those who were incredibly helpful-- I was not expecting this to blow up. I was simply looking for a process to follow when moving forward from this. I plan to read through the rest as soon as I have the time. +Hey everyone, this is my first post here. I am somewhat new to stocks in general. I burnt my fingers on the sprt/gree merger and lost about halv my savings on it. The rest is still in ETFs and I’m not looking to free up that money. I would like to open a new account sized around 1-2k and build it up, learning on the way. What strategies would you reccomend? I have a basic understanding but if you could try and go into detail about how to execute the stragey it would be much appreciated. Thanks already! +My parents owned a business and sold this when I was a young child, and have been retired ever since (early 40s). While they have probably never heard of the FIRE movement, they are financially independent and have been in early retirement for almost 20 years. + +From my understanding, their income consists of dividends and interest from term deposits. We always lived quite frugally. They had a mortgage-free house each (divorced) and probably spent only $30k each per year. We never had the latest gadgets and getting KFC was a special treat. I've always believed this gave me a good understanding of money and how to be budget conscious, although since becoming an adult I am less frugal than my parents + +They have been retired for a LONG time. + +You have to be very disciplined to dedicate your life to meaningful hobbies. There is only so much mountain biking and cafe visits you can enjoy with a life of leisure (on a relatively limited income). + +After 20 years of being out the job market, they are both essentially unemployable (for any job properly worth their time). Even if they wanted to, it would be difficult to back track and start a meaningful career again. + +AMA if you have any questions +I finally had $2,000 in my savings, and then my bird got sick and the vet bill was $139. I have $400 in credit to pay (gonna try to add at least $100 to pay it off faster), and my poor mom keeps sending me checks to help me stay afloat and I’m embarrassed about it. Next week I have to pay for my eye doctor appointment to raise the power for my lenses (cause my insurance doesn’t pay for it), and then I have to pay for the contact lenses as well. + +Working food industry is making me suicidal and where I live it isn’t easy to find a job (NYC). I want to go back to school but I don’t know what to study. I got an associates in liberal arts. I want to get a bachelors for an easy program and find a better job that doesn’t involve working with people. I also want to pay my mom back slowly but at this point it’s not gonna happen anytime soon. I have food stamps and most of the money I spend is on appointments, bird supplies, and bird vet bills. I haven’t treated myself to anything in so long and it’s making me sad. +mid-20s F who has been on the fatFIRE train for a few years. I am a resident physician and am looking to start settle down soon. How did you meet someone with the same goals? The dating scene is hard enough as it is without adding financial compatibility. When did you broach the topic of fatFIRE with your potential partner? +This week, I will help you understand how insurance policies really work without you falling asleep. This will enable you to make better informed decisions as to what insurance coverages you should get, and what are simply a waste of money. + +TLDR: Insurance is a [negative expected value, but asymmetric payoff](https://investinglessons.substack.com/p/are-you-trading-or-gambling) structure that protects you from catastrophic events. It is the **only negative EV** bet you should take. + +# The Principle of Pooling Risks + +The key concept underlying all insurance is the **principle of pooling risks**. In a nutshell, it is the practice of spreading out risk amongst a group of participants. + +**Suppose you are Aidan**, a mathematically gifted resident of San Francisco. You notice that 10 of your friends are fed up with paying $50 for parking everyday. You also notice that parking officers aren’t very vigilant — there is a slim chance that you will actually receive the $100 fine. + +You run the maths, and propose to them a brilliant idea. Your friends will all give you $15 a day, and not pay for parking — this is called the **premium**. In return, if anyone receives a parking fine, then you will pay for it. You’re effectively selling them **parking ticket insurance**. + +Your friends unanimously agree to this proposal. Afterall, **they are each saving $35 a day** — that is over $10,000 saved in a year. This deal seems too good to be true for them. + +How about for you? + +Everyday, you collect $150 ($15 x 10) from your friends. You gathered some statistics, and figured that on average you need to pay one parking ticket every day ($100). **This puts you at an average profit of $50/day**. + +Remember that this is simply an **average** (or the expected value). Yes, [**this is a positive expected value bet**](https://investinglessons.substack.com/p/the-anatomy-of-a-good-bet) (you obviously won’t agree to this if you are losing money). On some days with **no parking fines** issued, you make the full $150. On other days where **two parking fines** are issued, you instead lose $50. + +This is a pretty **great deal for everyone** — except for the local council that makes some revenue from parking fees. + +# Homogeneous Risk + +If you have ever taken out insurance before, you may have noticed being asked several questions. This might be your age, postcode, or occupation. The purpose of this information is to group you with others with similar attributes as yourself — or being **homogeneous**. + +Individuals in the same **homogeneous unit** generally have similar risk profiles. If we return back to the example with Aidan, what might happen if all 10 of his friends worked at the same office, and had parked next to each other? + +The likely outcome is that if one person receives a parking ticket, then it is very likely all 10 are fined too. This means that you are now on the line for $1000 in fines ($100 x 10). **Your profit of $50, has now turned into a $850 loss**. + +It is important to first ask your friends where they will be parking, similar to a **typical insurance questionnaire**. + +This is why insurance firms go to great lengths to understand the risk profile of their customers. In theory with diversification, this idiosyncratic risk will be reduced as it is better spread out among a larger customer base. **This is a similar concept to how diversification in** [**ETFs**](https://investinglessons.substack.com/p/how-leveraged-etfs-can-return-less) **reduces idiosyncratic risk.** + +# Rising Insurance Premiums and Risk Seeking Behaviour + +**Suppose Amy**, one of Aidan’s friends, decides to abuse the insurance and engage in **more risk seeking behaviour**. Rather than parking in a lowkey residential area, she parks in the middle of downtown where she will be **guaranteed a fine**. + +Aidan, who has been enjoying the fruits of his scheme, suddenly receives 5 parking tickets from Amy in a week, rather than the usual 1. + +There are only two possibilities here. (1) The **probability of receiving a parking ticket has increased**, meaning that everyone needs to **pay more premiums** for Aidan to break even and make a profit, or (2) Amy’s **risk profile has changed**, and she needs to pay more premiums. + +In this instance, it is quite clear that Amy is engaging in risk seeking behaviour, and a rise in premiums should incentivise her against that. This is effectively why your car insurance increases after you have caused an accident, but is lowered after a year’s time of good behaviour. + +# Insurance for Insurance Companies + +While Aidan has been on average making $50 per day, we have discussed previously how it **may be possible for him to lose money if there were multiple fines**. This means that he needs to set aside some money for a rainy day, in case he needs to pay these liabilities — **this is called reserving**. + +There are strict requirements by regulatory bodies that stipulate how much money insurance companies and banks need to hold. Since the great financial crisis, these requirements have further tightened to ensure safety for customers. + +The downside of this, is that huge amounts of a firm’s capital is being tied up in reserves. This money if used, could help grow the business faster. Wouldn’t it be nice if there was a way to limit the amount of risk exposure, to reduce the amount of capital reserves? + +This is where **reinsurance** comes in — the insurance for insurance companies. + +Suppose **Aidan has been keeping a large capital reserve** in case he needs to pay say 10 parking fines in a week. He really wants to access this money, as he could use it to expand his business. Here, a reinsurance firm will be able to take care of **tail risks** for him — say anything over $1000 in fines. + +Aidan pays the reinsurance firm $10 a week, which will limit his exposure to just $1000 — the reinsurance firm pays anything in excess of that. Now, he will be receiving a $40/day profit, but with **limited downside risk**. This is also called **hedging your risk**. + +# Do I Need Insurance? + +In general, **insurance is there to protect yourself against risks that would wipe yourself out**. The reason why actuaries advocate for people to take out adequate cover for insurance such as health, life, disability, home, or car — **is that any of these adverse events are usually greater than our net worth**. + +By **risk pooling**, you are **obtaining the benefits of protection, for just a fraction of the cost**. Worst case, nothing bad happens to you and all that’s lost is the premiums paid. In times when you truly need the insurance claim, **youobtain value far greater than the premiums paid**. + +So when should you take out insurance? + +A **good rule of thumb** is to think about the worst case outcome, and how much it would cost. If that amount will cripple you financially, then take out the insurance. Treat it as an expense, that buys you peace of mind. + +This is also why **purchasing add-on insurance** on kitchen appliances or phones **is stupid** — you are simply losing money. While it is still a lot of money to replace, it certainly won’t cripple you financially (since you could afford it in the first place). + +Edit: The reason why people get motor insurance isn't their inability to purchase a new car, but the huge potential fees you might incur from injuring or killing someone else, or god forbid scraping a Bugatti. It is a protection against damages you cause against others! - which will be 100x the cost of your car. + +**Disclaimer**: *Links may reference other posts I have written in my personal blog* +I am very frugal and live cheaply and most of my current hobbies are inexpensive (basically gaming and travelling, but i travel "slowly" for months at a time which isn't too pricey). I earn about 3-4 times the average income in my hometown in a low CoL country in europe from online businesses i own which require little maintainance and i could consider mostly passive. But my plan is to keep scaling them until i can eventually try to sell them to hit my fire goal. Speaking of which: + +I am starting like I want to pursue fat FIRE even though i am frugal and always been more inclined to lean FIRE. I am 30, male, single and largely uninterested in relationships, but i feel like i may want to start a family when i am in my mid 30s. Possibly adopt a kid as a single parent. Maybe a pet before that. But I feel i could ONLY go through with this IF i reach fat fire. And I'd need to buy a house - I've always wanted an independent house where i could grow some crops. Nothing luxurious but big enough (i spent much of my twenties living in tiny studio apartments and I hated it). Then most of the extra money i earn would go towards education (mine included - studying languages) and traveling. + +Anyone else here living or planning to live the "simple" life with a fat stash? Can i even consider myself fatfire if i want to spend all my money on family and housing rather than yachts and golfing? + +Edit: since I'm getting a lot of DMs asking about my online businesses, it's mostly just websites and blogs about random topics. Check r/juststart as all the info you need is there, i won't share anything more +I got invited to my dad’s company’s kids Christmas party with my kiddos over the weekend. At the end they were giving away some of the left over food. I took a huge box full of 2% milk home for my kiddos and I also got a bag of pancakes! +Since RH clearly is sucking off everyone on Wall Street and making the market completely unfair. I’d like for them to lose as many consumers for their business as possible and I’ll happily join the boycott against RH. Please suggest any brokers that aren’t as fucked as RH, I appreciate any suggestions ty. +Let’s say I have 500 shares of X company trading at $50 and so my total position value is $25000. + +I realized I didn’t want to have so much exposure so I decided to sell my shares and buy 5 call options deep ITM with a breakeven of $50 just about. + +If the stock tanks 25%, would I lose the same amount of money or would it be less from a gross value perspective? I would assume the upside is the same. +I constantly finding myself refreshing stock prices multiple times throughout the day which wastes a lot of time. How often do you guys check your portfolio and any advice that helps you limit the time obsessing over daily stock prices? If it helps I am a long term investor not day trading. Thanks! +If you saw my previous post [here](https://www.reddit.com/r/povertyfinance/comments/rddczo/i_was_supposed_to_get_paid_3k_from_a_client_today/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) you’ll know that I was having a small mental breakdown last week because my client who was supposed to pay me 3k, told me they could only pay $150. + +Per the advice of this community and my IRL support system, I sent them a firm email, letting them know the position they put me in and that they would be penalized with late fees moving forward. + +Well lo and behold, it worked! My client paid the remaining balance in full today, and I am going to be able to pull my bank account out of the negative and pay my bills with money left over for January. + +I’m seriously so happy I could cry. A day ago I was trying to find a personal loan (that wasn’t ridiculously predatory….one I found wanted me to pay 7K for a 2k loan wtf) and now I will be able to rest easy. +Alberta here, my picks would be + +GH - Gambling + +BEI-UN - Residential REIT based in Calgary + +VET - Oil is made in ground + +SU - Then you make oil into stuff + +PPL - Then you gotta get oil places + +EFX - And sometimes oil stuff needs service + +CP - HQ in Calgary, trains ! + +CPX - Utility, Edmonton, they laid me off! + +MTL - Trucks! Okotoks! + +T - HQ is in Vancouver but it was founded in Edmonton, and is anything more Albertan than leaving for BC when you get successful? +>The world’s biggest consumer goods group is to adopt a four-day working week during a year-long trial in New Zealand. + +> From next week Unilever, the Anglo-Dutch company behind Lipton Tea and Dove soap, will pay its 81 staff there for five days while they work four. + +> It will conduct a review after 12 months and will use the findings potentially to change working practices for its 155,000 staff around the world. + +Full article: +https://www.thetimes.co.uk/article/were-taking-the-long-view-says-unilever-before-testing-four-day-week-hhgfxd53j + +What are your thoughts? + +Over the weekend we smashed our all time high! We now have 1k members on our Telegram and we’re trending on CryptoMoonShots for 3 days! So huge thank you to everyone who has joined the project! + +For those of you who don’t know $Bingus is a meme coin (a damn cute meme, here some [fan art](https://imgur.com/gallery/jrPLzQu)). 1% of *all* transaction are given to animal rescue charities! **Yesterday we gave out our 4th donation!** So that’s 4 donations in 10 days since the project started. A further 1% is returned to holder, and another 1% is burned. Making a total of 3% fees, all which benefit the token, the community, and charity! + +**Donation Receipts** + +Donation 1 ($350) [Wright-Way Rescue](https://imgur.com/GjMOBt5) | Donation 2 ($1000) [Forgotten Animals](https://imgur.com/a/Evvmvah) | Donation 3 ($3000) [Reversed Rescue](https://twitter.com/bingustoken/status/1381103970383491072?s=28) | Donation 4 ($2500) [Jersey Animal Rescue](https://www.instagram.com/p/CNlTQO8p1ik/?igshid=c9i35ifw2b0o) | + +Social links for the charities are at the bottom of this post. Please show them your love and support! + +**LISTINGS** + +**Listings for CoinMarketCap and CoinGecko are on the way**, they have been applied for so expect them any day now. So this is a final warning to get in before then! The devs have **spoken to a high profile crypto lawyer** so they can begin registering as an LLC, this massively helps in getting listings as other major moves. As soon as we know more about listings you’ll see on our [Telegram](https://t.me/bingustoken2official), which also happens to be one of the comfiest communities on BSC! Come join us and ask any questions, don’t forget to share any pet pictures you have! + +**AMA** + +**Last night we had an AMA** on our [Discord](https://discord.com/invite/qKdZdd558F) where **one of the two founding members [doxxed](https://www.instagram.com/mjcerisano/) himself** and announced he is talking to a lawyer in regards to further making his identity and status more transparent. He also gave out his Twitch and showed everyone his super cute dog! The $Bingus project wants to become a **leading global charity** and the first of its kind to bring crypto to the mainstream! This kind of transparency is key to achieving that goal! It really gives everyone a sense of trust in a crypto space where trust is vital, and brings us from the online space to the real world. MJ has a huge passion for helping animals and you that came through in the AMA. + +Then **best part of AMA by far was the surprise guest**, the fourth charity! It’s was super wholesome to hear the love reaction to the donation. The charity is small and the donation made by this community will do amazing things for them and help so many animals! Expect this to happen more and more as we grow together. Even though I love the project this secured my complete faith in it! + +As well as the above the AMA covered all kinds of technical aspects of the project, and future plans to get some merch going for you *and* your pets! If you want a full run down of the AMA just drop by the Telegram or head to our Discord. + +**AUDIT** + +**Our audit is complete!** Is was conducted by Desesrt Finance, a highly reputable group and the results are great! Your funds are safu! +You can find a 19 page PDF copy of the results [here](https://docdro.id/hVAjypx). + +**YOUTUBE** + +We also have many **YouTube channels interested in $Bingus** and the charity efforts, including one with **2 million+ subscribers**. We’ve also gained some attention with international YouTubers so expect us to keep **breaking boundaries and reaching wider audiences!** Watch this space! + +It’s been an amazing week for $Bingus and the whole community! Not only have we smashed price expectations but we have grown in so many areas, expect the news to flood in this week! We’re making some really unique gains in the entertainment industry that could be a first for any crypto project. We can’t say too much here but expect great things to come! + +**Story Time** + +For fans of our story time posts on Reddit we have one based on a modern science theory on its way for you. It’s super fun and exciting so stay tuned, $Bingus always delivers! + +Check out our previous ones [Genesis](https://www.reddit.com/r/CryptoMoonShots/comments/mnjg5r/the_genesis_of_bingus_charity_token/), [The X Files](https://www.reddit.com/r/CryptoMoonShots/comments/mooip8/the_bingus_files_season_1_episode_8/) + +If that hasn’t sold it for you then you must be crazy! And it’s okay to be crazy, just remember we’re always here for you, and the animals. + +**Links to Everything You Need** +======================= + +The shiny new website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +Charts are available [here](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +Our [Telegram](https://t.me/bingustoken2official) +^(make sure to complete the captcha in time) + +Our [Discord](https://discord.com/invite/qKdZdd558F) + +r/abingus for all your memes and Reddit fun + +A Bingus giveaway is live on Twitter [@BingusToken](https://twitter.com/bingustoken/status/1380542296219811846?s=28) + +The original art used in the post was created by Manuelfqart and commissioned by a $Bingus community member. + +**Charity Links** +============== + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) + +**THANK YOU ALL FOR YOUR AMAZING SUPPORT — WE’VE HELPED SO MANY ANIMALS ALREADY AND WE’RE JUST GETTING STARTED** + +**Token Stats:** + +Market cap: $5.5M + +Holders: 1875 +According to the Transamerica Center for Retirement Studies’ report, the median retirement savings in the United States by age is: Americans in their twenties: $16,000 Americans in their thirties: $45,000 Americans in their forties: $63,000 Americans in their fifties: $73,000 Americans in their sixties: $117,000 Americans in their seventies: $172,000 + +I have no hope other than crypto to retire. +I’m a bit suspicious when banks and investment companies are informing the public about market predications, Im wondering if they are trying to cause panic so that they can then buy on the dip. Like wise with news articles, i wouldn’t be surprised if most journalists receive input from bank and investment advisors and write articles based on the narrative finance institutions want to promote. Looking fwd to reading what people think. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I recently saw a video about a guy who would buy stock in one exchange (ie US) and sell it in another (ie EU) and he'd make money off it through the difference in price. I was wondering if this is a thing and if it's doable. I read about dual listings but I haven't been able to find anything about people doing this sort of thing, or how to even do it across different platforms. Does anyone know anything about this? +https://finance.yahoo.com/news/these-managers-earning-over-100000-will-lose-their-jobs-next-in-coronavirus-recession-195541040.html + +Recent job cut announcements by companies clearly indicate, however, that more white-collar jobs are on the chopping block. + +“When you see layoffs in management and corporate jobs, it’s a pure indicator of the economic impact of the recession, rather than just the lockdown, since many of these jobs can be done from home and they aren’t necessarily impacted by the lockdown orders,” said Glassdoor senior economist Daniel Zhao. “It’s an indicator that there’s a traditional recession happening beneath the surface of this public health crisis.” + +“The timing [of ongoing layoffs] is demonstrative here. The fact that these layoffs are happening now indicate that companies are revising expectations of how quickly we can return to economic normal,” said Zhao. “ It’s a sign of...some increasing pessimism about the rate of the recovery.” +My question focuses on the second part of FIRE, retiring early. What do you all plan to do with your time once you finally retire? I have been thinking of things and here is my list below. Would love any additions! + +&#x200B; + +Multi day hikes, camp, stargaze + +Travel/Cruise/Rv + +Read, learn, free lecture, know nothing and become an expert at it + +Instrument, Mix, write song, choir, singing lessons + +Running, bike + +Golf, tennis, new sport/ extreme sports + +Scuba/snorkel/kayak/surf + +Meditation, Yoga, Tai chi, stretch, church + +Cook/bake(techniques), wine, beer, drinking, tasting, fermenting, coffee brewing + +Mixology/ bartending/ brewing/ wine making + +Sports/running/workout clubs. + +Theatre club, Improv, acting, modeling + +Rock climbing + +Dance + +Movies + +Chess + +Wood shop. Wood carving + +Badminton, Volleyball, Paragliding + +Body building, cross fit, martial arts + +Astronomy + +Photography + +Pubs clubs wineries breweries + +Live music/concerts/music festivals + +Shows and plays + +Family and Friends, Socialize + +Carpentry, Restoration & reinvention, Mosaics + +Upcycling + +Grow own veggies, chicken eggs, hydroponic + +Write app/computer program/ Build robot/electronics + +Fly plane + +Writing + +Zoology + +Book Club + +Art, Painting + +Non profit/ volunteering, Peace Corps, volunteer abroad + +Tutor, help less fortunate, teach English + +Animal rescue/foster, train seeing eye dogs + +Build a home + +Create a game + +Invention +Going into 2022 everyone and their mother is talking about how we’ll have a sizeable dip because rates are going to rise. Now I’m of the camp that when everyone KNOWS something is going to happen, it never will. But I’m curious about post-2008, was the thought process of people: “capitalism is dead, markets are going to crash again after they raise rates”? I’m in my mid twenties so I remember 2008 but I wasn’t exactly investing in index funds and reading the journal. +I currently trade stocks and stock options but I'm slowly noticing that most pro traders exclusively trade futures. + +So, thinking about getting into futures trading, not necessarily futures options but just futures. Thinking about starting with just trading MESZ22. + +Any advice for a intermediate stock/stock options trader trying to get into futures and some smaller micro futures similar to MES? + +Also, a platform recommendations would be great too since my current broker doesn't offer futures trading. + +EDIT: wow this really blew up! Thanks for all the advice everyone. If anyone is interested in starting a small discord channel or chat group to discuss futures trading for beginners, DM me and let's make a small group where we can learn from each other. +Title. Closed my account with them in 2015/2016. + +I keep getting mail about my accounts with them. Last week they sent the last 4 of the accounts. Called them up and they confirmed that they exist. These aholes opened two new accounts in my name in 2017 l (~~saw it on my credit report~~). + +I'm pissed. Besides closing the account, how else can I punish WF. It isn't right they can just play with my personal finances just to score a few extra sales numbers. + +Edit: Monday I'm going to ask for opening document signatures +https://www.politico.com/news/2020/03/27/mortgage-system-collapse-coronavirus-pandemic-152338 + +How do you think this will affect us as real estate investors? + +Will this cause bank owned (portfolio) loans to become more accessible and cheaper? + +This thread is for speculation y'all, none of us really know. + +Be nice to each other and let's hear some thoughts! +Long time lurker here. I've been in crypto for the last 4 years. In 2017 I held all the way through the bull market and then sat and watched my portfolio shrink to nothing as I was convinced the bull run had not finished. + +Fortunately I was patient enough and endured the whole bear market and yesterday with the new ATH of ETH I was able to sell enough to pay off my mortgage and place an order for my dream sports car. + +I havent spoke on here much but I have lurked in the shadows from the start. Your posts and memes have got me through the bad times and helped me keep hold of my portfolio. Thank you to you all and I hope you are all in a similar situation! +Good morning everyone! + +I want to make a quick clarification and say that this post and list is geared towards day trading, and I am not advocating to blindly buy and hold these at all, in fact I advise strongly against that. + +*With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5-10 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks over $10** + +* Gapping UP: GME, RKT, CCIV, ETSY, BYND, EH +* Gapping DOWN: SPCE, NCTY, VST, WKHS, DASH, RIOT, MARA, CAN, MVIS, SBE, XPEV, NIO, TS, SCKT + +**Stocks under $10** + +1. LIXT: Leading gapper, but I couldn't find a catalyst. Has been seeing strong volume and price action in the premarket, momentum could fade, just don't chase. Premarket high around 7.70-7.73. +2. AFI: Gapping up on sale of property. Seeing good volume and decent price action in premarket. Premarket support right around 4.97-5.00. +3. METX: Gapping up on good news. Seeing high volume at the moment, and good price action. I'll be watching how this one behaves closer to market open. +4. JG: Gapping up on news of partnership. Seeing good volume with decent price action in premarket. Premarket resistance at 6.20. +5. SCO: Corresponds to 2 times the inverse (-2X) of the Bloomberg commodity crude oil index. Oil has been roaring recently, so this could be worth a look today. +6. SRTS: Gapping up after reporting earnings yesterday. Currently showing some weakness in premarket, but I'll be watching to see if it can get back over at least the 4.75-4.80 level. + +Looks like a bit of a mixed open for stocks this morning. SPY is currently sitting just below 384, and like QQQ, they are sitting right above support. If they can hold over support, we could see some upwards movement today. But if they break down through support, we could see another red day. Bitcoin is currently down a bit on the day, sitting at around 46,500. Bitcoin-related plays are hurting a bit in premarket, and I'll be keeping an eye on them. Marijuana stocks looking to open mostly flat, I'll be TLRY and APHA pretty closely. Oil is finally calming down, at least for the moment. The Senate parliamentarian ruled yesterday that they would not be raising the federal minimum wage to $15. I'll be watching UVXY once again to take advantage of any volatility in the market. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) + +Edit: I was getting a lot of PMs about screener settings and all that, so I’m just going to copy and paste what I sent in PMs in a comment. +FOMO3D, the crypto-currency P2E game so big that it broke the Etherium network in 2018 is now back on the BSC network! 🦄 + +Buying token gets you an eternal stake in the longevity of this game. + +We present you FOMO3D/PoWH3D resurrection from back in 2018 Summer that has been completely readapted to work on BSC Network. + +PoWH3D is the native Crypto pay 2 earn token that aims to create a habitat for gambling and cryptocurrency in a single place. + +Games like FOMO3D are one example among many of cryptocurrencies putting a new twist on old ideas. + +FOMO3D is the natural intersection of gambling and cryptocurrency, and the reason FOMO3D is so popular is probably just because it's a catchy game that people want to play, rather than because the world has gone mad, kids are crazy these days or similar. + + +&nbsp; + + +**Essentials** + +- Fomo3D testnet running on BSC(https://fomo3d.net/) + +- P3D website: https://powh3d.io/ + +- 10% tax on sells, no tax on buys + +- Liquidity locked + +- P3D Contract: 0x71c300e7b6d16cf3cdc4695fa5ba713ae636ed9e + +- TG: https://t.me/powh3 + + +&nbsp; + + +**What is P3D (PoWH3D) & FOMO** + +- P3D is the token for the FOMO3D lottery style game. P3D holders will be getting dividends from FOMO3D’s volume as soon as FOMO3D launches on BSC mainnet (currently on testnet). + +- P3D holders will be getting divs from all the money that goes into FOMO3D. + +- P3D has a 10% burn fee when selling, but no fee when buying. 10% tax on unstaking no tax on staking + +- For P3D holders to get divs from Fomo3D, they would have to stake their tokens in the staking pool, once FOMO3D is launched on mainnet. + + +&nbsp; + + +**Here's Fomo3D in a nutshell** + +- This is a lottery game in which the last person to buy a key at the end of a round wins the pot! + +- P3D is the token for the FOMO3D lottery style game. P3D holders will be getting dividends from FOMO3D’s volume as soon as FOMO3D launches on BSC mainnet (currently on testnet). + +- P3D holders will be getting divs from all the money that goes into FOMO3D. + +- During a round, people can purchase 1 or more keys which resets the timer marking them as the current leader. With each key purchase during the round, the key price increases slightly. + +- Players receive a stream of passive income from the game as keys are bought during the round. + +- When the timer reaches zero, last person to buy a key wins! (F3D players/P3D holders get a piece too!) + + +&nbsp; + + +**With a few cool game mechanics** + +- There are two different game modes with distinct rules and round durations: Long and Soon. + +- Players can select from one of four teams which determine certain rules in the round. + +- P3D holders receive dividends on each key purchase and at the end of the round. + +- Players can buy a vanity URL and/or refer your friends to the game for extra rewards. + +- Buying keys offers you a % chance to receive an "airdrop" winning BTC from a growing side-pot! + + +&nbsp; + + +**PoWH3D Platform include** + +- P3D website: https://powh3d.io/ with all the assets needed for users to stay informed, and a Gallery of collectibles that are used to promote the token (Shill Kit) + +- Fomo3D testnet running on BSC(https://fomo3d.net/) that will be later converted to mainnet + + +&nbsp; + + +**Where Can I Buy PoWH3D (P3D)** + +- P3D is available for trading on Pancakeswap DEX https://pancakeswap.finance/swap?outputCurrency=0x71c300E7B6D16cf3Cdc4695fa5Ba713aE636eD9e + + +&nbsp; + + +**Tokenomics** + +- LP Burned + +- 1B Total Circulating Supply + +- 10% Tax on Sells + +- No Tax on Buys +I sell one naked call on GME every week, the 500 call for about .50, which annualized to $2500 a year. Also sell a Tesla 50% OTM call weekly which nets me another $50. Why can’t I do this on a basket list of stocks to become a millionaire setting a stop loss at -300% on my trade?? +I’m 22, working for a company doing inside sales support on 58k +. I’ve been in this Job 6 months today. Previously I was working another job on 45k + super for 6 months prior. Recently I’ve been offered another Job at 72k + super. I’m nervous about the affects of Job Hopping from the past 18 months. Any advice? Pro’s and con’s? Would love to know others experience with Job Hopping. +It's pretty simple really. To get mass adoption to the levels we want, we need an iPhone style event into the market, by some massive and already well-established company. Sure LG and other companies made touch screen phones before Apple did, but Apple did it better and they made it much more simple to use. They've dumbed down the whole thing, so even half-trained monkey could do it. + +This is what we need in crypto. Right now all we have is a crap-ton of different chains, bridges, multiple ecosystems, multiple wallets etc. it's just too much for the average Joe. Heck, even for myself it was truly difficult to sell one coin the other day (not gonna shill here any names). It took me around 12 different steps, moving between bridges, converters and so on etc. before I was finally able to cash it out to FIAT without destroying myself with high fees to make it worthwhile. Sure, I could just cash out via traditional methods, but I'd lose like 15% of my coins doing that. This stuff should be automated a long time ago. + +But this will take time, a lot of time. The true adoption will start when we are allowed to just add crypto to our Google Pay or Apple Pay by scanning a quick QR code from our crypto wallet, without thinking two secs or giving a single fuck if our coins are going to disappear because we've mistyped one or two letters in the wallet. Or because your wallet supports coins X, Y, Z but not coins A, B, C. Until then "mass adoption" is just an empty slogan that won't happen for another 10 years or more. + +Edit: Reddit gold?! Thank you kind stranger! +Im in Florida + +Sorry for the novel..its a lot to unpack; + +My heart hurts..My husband had terminal liver cancer diagnosed in February. But since January or so I started taking care of all the household duties. He fought a good battle but cancer won. It took his life on December 23rd. + +We spent the whole year setting things up so I would be taken care of. We live in a 5th wheel and pay lot rent. He transfered the title to the 5th wheel, our boat and work trailer to me about a month ago. + +We went to his bank and had my name put on the account as well. + +I made sure that he spent lots of time with his family beforehand. While his family was visiting they took care of the cost of cremation. + +Husband wanted to be cremated and buried in a different city, not too far away. His burial lot is paid for but im not sure what else it would cost to place him there. + +He had final expense insurance of 10,000. He also worked for a union. He was also retired. I am wondering how much it would cost to bury his urn (average cost) and if it's possible to keep some of the final expense money, because well, I'm gonna need it to pay for my rent and car. + +We had a car that he co-signed on. Its got 15,000$ left to pay. I need my car for work so I plan on taking over payments ($466) and possibly refinancing it as soon as possible to get a lower payment + +Our "house" is a 5th wheel. Husband spent lots of time prior making the property look great with landscaping, deck building, and also he built a boat ramp with a winch. + +Im sad, scared and confused. Not a fun way to spend the holiday weekend. To top it off, because he died on the 23rd, and before the weekend, I haven't called his insurance or union yet, but I will on Monday. So I've sat here all weekend trying to keep it together. + +Also, I tried looking for a copy of our lease; cant seem to find it. So I wonder what is the best way to tell the landlord about my situation. Im afraid they will tell me to move or evict me if my name isn't in the lease, but I do recall signing lease papers with him for the past few years. Our lease is monthly. Wouldn't that just be grand if they told me to leave?! + +They might do it because its waterfront property that he improved and they could charge more for it. They raise the rents every year. So that's my fear. + +If I did have to move the 5th wheel cant move from its spot, its not roadworthy but it is very liveable. We had a new AC unit and had the roof sealed this year. Husband told me that its worth at least 15,000. So I'd have to sell it to leave the park. We also have a work trailer that's enclosed for storage, that was bought new for 5,000 but I would sell that too, plus the boat for 18,000. + +So many decisions to make..a part of me doesn't want to stay in this trailer because everything reminds me of him. Plus the area gets flooded easily during King tides and hurricanes. So im sick and tired of moving everything around during hurricane season. + +I'd love to find a 2bdrm house (near dry land) that I can rent to own. My credit is 730. How much does it cost to enter into a rent to own house, on average? + +So my questions: + +Best way to approach the landlords? Should I wait to talk to them? How should I word it so I don't get kicked out so they can raise the rent at my property + +Also, final expense benefit..is it common to not spend it all and have some left over to cover the cost of other bills + +And any other advice you can help me with. I work from home doing ecommerce and have a good business that makes 3-4,000$ a month depending. I am willing to listen to any advice that will help give me some security and peace of mind. + +Edit: thank you all so much, all this advice really helped. There are some things I cant take care of right away but it will come later on down the road + +I started a notebook with a list of all the places I am calling, and taking notes on the calls that I made so I can stay organized + +I called his union hall and talked with them. They are sending me an infirmation packet. He had a benefit that I could have used but it expired in 2018. + +I talked to a few other folks today as well, closing accounts. + +Also I downloaded bank statements from this year to see if there was any subscriptions that I needed to cancel. + +To top it off, the park office gave a notice that they are doing a "surprise inspection" of all the sites here. Guess I will have to clean up the old furniture and other things I had stacked from hurricane season. Have no idea yet how i will manage this. Yikes! +Hi fellow apes! 🦍🦍🦍 + +**Today we saw the lowest volumes ever in 2021!** + +While my [voodoo proclamation about today went flat (pun intended)](https://www.reddit.com/r/Superstonk/comments/mlltpu/today_was_the_lowest_volume_trading_day_since/), the fact that we had an even **LOWER volume trading day** today makes me even more bullish. We truly are still on the precipice of something HUGE. + +&#x200B; + +https://preview.redd.it/wypemrh1fur61.png?width=500&format=png&auto=webp&s=d4a93129bb8f9c836722acf35d957f79143be64a + +**---------- BOILERPLATE:** + +I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀🚀🚀 + +**TLDR: Today was the lowest volume trading day of 2021 and yesterday was 5th lowest. Even with such low volume, the price moved over 4%. This rocket is bursting and just needs a little boost to send it off to the moon.💎✋🚀🚀🚀** + +&#x200B; + +**---------- Daily data** + +Here is my ongoing data table. Today I also added in the FINRA short volume as well since an interesting trend has occurred over the past 3 days. + +Note: Assumption used for float is 54.5 million shares + +[A few people have assed for access to this data table and I am more than happy to oblige! Here is a live read-only link. feel free to use the data!](https://1drv.ms/x/s!AomFEIhCN8icgt1xPEpeIuja-2QEoA?e=qfQiHx) + +&#x200B; + +https://preview.redd.it/6nxscvw0fur61.png?width=1168&format=png&auto=webp&s=092d3f4927d8f48ec2fc6fb9f5a398eb4a0023be + +**---------- Volume** + +As you can see we had the **lowest trading volume day in 2021**, just below Jan 5th. This is so low you can barely see the yellow bar! + +As mentioned in my previous post, historically we have seen **very low volume weeks** leading up to a **huge volume (and price increase days)**. **I have bolded the two other times (Jan 12 and Feb 23).** + +&#x200B; + +**---------- FINRA Daily Short Volume** + +[**For those unfamiliar with the daily short volume and its caveats, you can read all about it here on one of my previous posts**](https://www.reddit.com/r/wallstreetbets/comments/ltcdf5/finra_data_now_shows_over_67_million_gme_short/) + +As you can see, the short volume as a % of total volume has been between **55% and 63%** since **February 19.** + +However, the **last three days we have seen a marked decrease in short volume** and are now down in the **40s.** + +We can also see that this ratio went down into the **30s and 40s just before the previous price increases** (Jan 8, Jan 26, Feb 19). **maybe its a coincidence, maybe its not...** + +&#x200B; + +**---------- Shares to short** + +Now these shares to short have been VERY interesting over the past 2 days. + +GME went from virtually no shares available last week, to **950,000** yesterday and then back down to **200,000** today! If those shares were all borrowed and sold today (which i would expect), that means that **37% of today's volume was shorted shares!** I guess we know why the price went down 3.5%. + +Hilariously the cost to borrow actually went DOWN today to 0.9%, but I'm sure many of you have read the different DD around how ridiculous this borrow price is. + +&#x200B; + +**---------- TLDR** + +**Today was the lowest volume trading day of 2021 and yesterday was 5th lowest. Even with such low volume, the price moved over 4%. This rocket is bursting and just needs a little boost to send it off to the moon.💎✋🚀🚀🚀** + + + +https://preview.redd.it/eqiok000fur61.png?width=430&format=png&auto=webp&s=0ebe27310417dd832f7d221ee74d5727a9317752 +https://www.fool.ca/2020/04/08/brookfield-infrastructure-tsxbip-un-plunges-23-on-recession-fears/ + +On April 8, 2020, this contributor wrote that BIP.UN fell 23% and used buzzwords like recession fears. + +What this person completely missed was that at the end of March, BIP.UN created a new entity called BIPC, which we all know and love here. + +Looking at the contributors credentials, there is not a single item which makes me believe he has a basic education in finance. Yes, he may have 20 years experience, but I can say that as I've participated in some high school competition and invested until now, I have x years of experience as well. + +Motley Fool. Garbage. +Seriously, you think it's just you but if a million apes sell even one share when this hits $1000+ before we let it reach its potential then you'd just shot yourself in the foot (you = everyone who does this and everyone else too) + +This is what the hedgefunds want. + +This is all you need to get into your skull for the weekend. + +I'm not telling you what to do but just sharing some knowledge. + +Information is power let's fuck some Hedgies gamers 🧠🦍💎🙌🚀🌚 +I'm finding it incredible just how many people in crypto are confusing the triple halvening/cliffening which comes with the merge and EIP-1559. I have seen multiple YouTubers (and not the shitty bybit link shilling, shitcoin pumping kind) and many people on Reddit thinking that the cliffening is happening in the next month with EIP-1559. The amount of misinformation is frustrating. People are going to look at EIP-1559's respectable change to ETH supply (but not dramatic like the merge) and claim "oOh, LoOk, EIP-1559 diDn'T MaKe eThEReuM DefLaTioNaRy!" When in reality, EIP-1559 was never going to make ETH deflationary except for when gas fees were well into the hundreds of Gwei, something which is unlikely to last now that layer twos are taking off. + +Anyway, let me clarify for anyone who is still unsure: + +- **EIP-1559** will reduce the ETH going to miners by an estimated 30% and burn most of the transaction fees going forwards (it will also make gas fees *a lot* more stable. No more guessing what to pay to get into the next block!). This means ~30% less constant selling pressure from miners and anywhere between 0.5 and 5% of the ETH supply being burned each year. Most likely about 1-2% of supply per year based on gas fees over the last year. This would still leave ETH with a net inflation rate of about 1.5-3%. + +- **The Merge/The triple halvening/the cliffening** or whatever you want to call it is the move from Proof of Work to Proof of Stake. To do this, we will be merging the ETH 1 PoW blockchain with the ETH 2.0 PoS blockchain (which currently is running in parallel and has no transactional functionality, just staking, so if you stake your ETH, you're moving it to ETH 2 and waiting for a future update to allow for full transactional functionality on ETH 2.0). This upgrade will result in a reduction of annual ETH issuance from 4.5%pa to 0.5%pa since miners no longer need to be paid for all of the electricity they waste when securing the network It is also worth noting that after the merge, Ethereum will be the most secure and most decentralised blockchain with its over 150,000 validators and greater security guarantees from Proof of Stake due to the ability to slash (punish) bad actors. When combined with EIP-1559, this will result in ETH becoming deflationary or "ultra sound money" since the fees burned through EIP-1559 will be greater in value than new ETH given to validators/stakers. This upgrade is currently looking like it will go live in Q1 2022. + +Finally, I would like to give my own 2 wei on the effects of these upgrades. For over a decade now the crypto market cycles have revolved around the Bitcoin halvings when the supply of new coins going to miners halves. This is important because miners are majority sellers. They have electricity bills to pay and so the inflation from new coins is almost always being dumped on the market. If halving this amount can consistently create a parabolic run, then what do you think will happen when Ethereum gets rid of it entirely? There will be no automatic sellers and what little ETH is given to validators will be less likely to be sold as stakers by nature are ETH holders and don't have electricity costs to offset. Meanwhile, ETH is still sitting at a middle ground ETH/BTC ratio compared to the low and its 2017 highs set in a time when ETH had no apps, no DeFi, barely any NFTs except crypto punks, ETH 2.0 and PoS were still a pipe dream and there were no layer 2 scaling solutions. At some point the market will realise the significance of this supply shock and the price will adjust accordingly. Until then, I will keep on stacking ETH. +My folks have a decent pension income, but mobility issues mean they rarely go out and spend anything. The £3000 they don't spend each month just goes into a bank account where it earns 0% interest. I'm determined to help them do more with it but I have no idea where to start. Any help is appreciated +I applied to a job that offered $85,000-$100,000 as the starting salary based on experience and education. In terms of experience, I have 18 years in the industry, 10 years experience in a similar role and 1 year experience in that specific role. In terms of education, I have a MBA and a couple other bachelor degrees. In terms of certificates or skills, I can speak two other languages other than English, in which they do business with and I also have a couple certificates that are related to the industry. + +I have had 4 interviews with them and then was offered a job. At the third interview salary was mentioned and I was asked if I knew what the starting salary was. I replied that the listed pay for the job ranged from $85,000-$100,000. At that interview they explained the range and that education and experience determined pay as its set in tiers, $85,000 as one pay tier, $92,000 another pay tier and $100,000 another so on past the starting range until top pay. + +After the fourth interview I was offered the job, but for $82,000. I emailed the HR representative and explained that was lower than the starting pay range that was discussed earlier and I asked for the $92,000 tier since I had experience and education. + +They called me to discuss it saying they recalibrated the pay structure and the pay now starts much lower than $85,000. The new base pay is $74,000 and that $82,000 is the new second tier which was given to me based on the experience and education. + +I have a friend who works for the company and he gave me advice to reach out to a specific person not in HR and let them know I am interested in the job but can’t take it at the new pay scale. + +The new pay scale means they will compensate me less than my would be peers to do the exact same job. I also know some would be peers that have far less experience and education who received an offer of $85,000. + +I know it would be unorthodox to reach out to someone other than the hiring managers, and I am really interested in working there, but I also do not want to be that under valued. Should I reach out to the specific executive my friend mentioned and discuss it with them? + +Tl;dr: employer listed one salary range, even discussed that range with me briefly at the third interview then offered something far below. + +Update: I did not take the job. Thanks everyone for your feedback. +This subject pops up in threads every now and then, and I'm honestly curious to learn why DeGiro is so bad once you hit a certain threshold since I have my portfolio there. Something in their terms I completely glossed over? +I was hoping it wouldn't come to this point but apparently I have no other recourse but to post here and warn others of doing business with Kraken. I have literally been trying to get money out of Kraken for over a month. They use some withdrawal provider for USD called "synapse pay". These guys have complete control over how much money one can withdraw, so even if you are verified "tier 4" and send over everything including a tax return, SSN, drivers license etc. they can still at their whim decide that you don't make enough FROM OTHER INCOME to remove your funds from their exchange. When I asked why my wires were failing (after I managed to troubleshoot myself what my actual imposed limit by synapse pay was because my previous wires were failing), I received this response: + +>David (Kraken Support) +>Jun 6, 19:25 PDT + +>Unfortunately, our third payment processor Synapse has set limits that are consistent with banking regulations. They require the funds to come from employment earnings, and many times, they do not accept trading earnings. Since you have already submitted a tax return, you will have to submit another source of earnings (inheritance, investment account, sale of a house, ect). If you have additional documentation, please let me know. + +>Sincerely, + +>David +>Client Engagement + + + +*What. the. fuck.* +Hey, my husband and I must bring a puppy from Wales home. Unfortunately, the puppy will be around 15 lbs, just a little too close to the weight limit for in-cabin flights on all airlines, and you can't fly first or business with a dog. + +Wondering if anyone will be flying private from Heathrow to ANYWHERE in North America anytime between now and mid-October. + +We could potentially: + +1. Fly back with you and split it +2. Send the dog in the carrier or a pet transport person if you don't feel like meeting us. +3. The dog will stay in the carrier with his head out. We aren't heathens who will have him running around. + +Whatever you feel comfortable with and whatever you want us to pay. + +And if not, does anyone know a transport service that would do this? I thought I would throw this out there because we need this dog, and he is a snub nose, so he can't fly anywhere but in cabin. Thanks. + +Edit: Thank you everyone. We are following up on all the leads today and tomorrow. There are so many good ones. I thought this was a lost cause yesterday. I appreciate all the help. Will let you know if I find any further information on the subject! +Holy fuck. I think my tits are gonna explode. I've been busy all day. Didn't have a chance to tune into earnings. But this. I've been waiting for this. Once GME started giving us the totals I KNEW this would happen. + +You guys ready for Cocaine Bear? Coming FEBRUARY to a theater near you. Let's see if they make it that long. +Between rent, food, an endless struggle to find work and no luck filling for UI, I'm not going to make next month's rent unless I scrounge up about $150. It's pathetic that I seem completely unable to find such a small amount of money. I've looked at Craigslist and local gig and one-off work but it's a complete wasteland out there right now. Not only are far fewer of them available, but the one's that do come up have 100 people jump on them immediately because everyone needs money right now. I signed up with a temp agency, but they also warned me that not only are far fewer companies looking for temps right now but the jobs that do come up have tons of people who want them, so I shouldn't expect anything soon. + +I need tips for any random online work that can be done to scrounge up even small amounts of money. I'm talking filling out surveys, doing mindless busy work, or even writing/editing, essentially anything even if each individual task/project/job pays $5-$10. I'm hoping I can find enough that together I can hit $150. + +If anyone has literally any insights at all please let me know, thanks! + +**Edit:** I'm a little overwhelmed, I made this post, read a couple comments and then left for the day, and I came back to almost 200 comments and lots of incredibly nice DM's. I'm going to start reading through all of your comments now, but seriously, sincerely, thanks to everyone who's offering advice and help. I just wasn't expecting this and it's causing a lot of feelings on my end. It's been a really difficult few months and this is just so kind and unexpected. +I have been meaning to invest this money in something that's not a huge risk but has a decent enough return that it's not wasted (like a savings or even a CD). Was goingA quick list of what I have at the moment, using rough numbers to not completely expose my info. + + - Roth IRA (under $5k) + +- 401k (under $10k) + +- 529 for my daughter (under $1k) + +- Employee stock options (under $1k) + + +- emergency funds (under $7k) (edit: added) + + +We were originally saving to buy a house but at the moment that doesn't seem like something we want + + + +Edit: okay - after careful consideration I am leaving $15k in my emergency funds and now will have $7k to invest. +I have been meaning to invest this money in something that's not a huge risk but has a decent enough return that it's not wasted (like a savings or even a CD). Was goingA quick list of what I have at the moment, using rough numbers to not completely expose my info. + + - Roth IRA (under $5k) + +- 401k (under $10k) + +- 529 for my daughter (under $1k) + +- Employee stock options (under $1k) + + +- emergency funds (under $7k) (edit: added) + + +We were originally saving to buy a house but at the moment that doesn't seem like something we want + + + +Edit: okay - after careful consideration I am leaving $15k in my emergency funds and now will have $7k to invest. + **What is Value Investing?** + +Value investing is the process to find the undervalued instruments by analyzing its hidden value by the use of tools, techniques, and common traits of high-quality businesses + +**How to do value investing?** + +[**Value investing is not as difficult as you think**](http://stocknwin.com/value-investing/) but it requires the control of emotions, patience, discipline, and intense research of a company. + +**What are the common mistakes doing by an investor?** + +An investor's interest is to get a maximum return in a short time by predicting the market is one of the common mistakes to make wrong decisions on their investments. + +It is the responsibility of an investor to avoid common investing mistakes to get high returns from their investments + +**What are the similarities in the undervalued companies?** + +These are the common values sharing by the undervalued companies + +1. The current stock price should be lesser than its intrinsic value +2. The business model should be simple to understand +3. The company's product can sustain long-term economic characteristics. +4. Lead and managed by honest and capable leaders +5. Low debt over the company +6. High return on equity + +**What is the last step in value investing?** + +By investing in undervalued stocks is not the last step for an investor, they have to track the company’s performance regularly after a particular interval of time, especially after every quarter. + +The few things that are necessary to observe to rethink about your investments are:- + +* The company’s management vision is shifted +* The current stock price becomes higher than its intrinsic value +* The company’s product will not suffice the demand of the consumers. +Hello fellow Redditors! I would love to invest in some beach town / beach front property in affordable neighborhoods. I've been scouring the internet looking for the right area and y'all always have some great insider tips so I figured I should ask here too. Some requirements I'm trying to hit are: + +1. Beach town - Where the beach / water is a main attraction +2. Affordable - I'd like to spend <200k USD. (preferably <100k but I don't know how reasonable that is) +3. Airport - Preferably within an hour or two from the airport +4. Something within the Pacific and Eastern timezones +5. Infrastructure - Needs to have access to highspeed internet. This is a given in most developed areas but I don't know if that's true or not across borders +6. Small-ish vibe - This isn't super important but a laidback vacation-like vibe is preferable + +Puerto Vallarta hits all these points except the average home is \_slightly\_ out of my price range. So I'm wondering what other cities I should be looking in. + +Any recommendations are welcome! Also please do PM me if you have a place like this (whether you're tinkering w/ the idea of selling it or not!). +Hey there all, + +I have the opportunity to join a $1B+ start-up as a VP, probably 750k-1M TC annually with plenty of upside on an exit in ~3 years. Founder is a fucking monster name. + +Alternatively, I can stay at my current employer and run NE Asia from Tokyo while my kids are young and possibly enjoy an ex-pat comp package. TC probably 450k, but basically all coming in free and clear given the COL coverage they give. + +Other than the copious dilligence to do on the two options themselves, any remarks or thoughts on how to consider the two based upon this or other information not relating to probability of success of each option? + +Thanks! + +Edits: + +The company is worth 3B and it’s in ai. Not going to name it here. + +I’m realizing the equity component will be significantly more. Given expected growth, my 4Y vesting value will be between 3-9M USD with 3Y being a zero growth scenario (unrealistically low). So I was grossly off on equity comp. +Hi all. I've noticed a bit of repetition in the past month of similar questions being asked about what they should do with 'X' amount of money and the answers are generally the same. +For the sake of decluttering the thread and keeping quality front of mind, please have a read of past posts to see if they are applicable to your question as you can probably pull the learnings from there. +Hope that this request is fair and makes sense. Cheers. +Common sense dictates that any analyst with a vested interest can't be impartial, so why are so many analysts attached to some investment entity and how is it not a pump and dump scheme to issue a "buy" rating when you stand to profit from it? + +Is it even possible for analyst recommendations to provide value? If they're good, they'll shut up and invest their own capital, and if they're bad, then they're bad. The only value I can see is if they calculate fundamentals and stuff for the public, saving us some work. But it's not anything that an algorithm didn't already know, so whenever they issue a "buy" recommendation it's already too late. +If you had the ability to design a tax system for the United States, what types of taxes would you use? Which methods of taxation would bring in the most revenue? +In the US, an individual is considered an “accredited investor” when either NW exceeds $1M (excl. primary residence) -or- income exceeds 200k (each of past 2 years). + +What are some of the most advantageous investment opportunities generally afforded to investors of this status? + +I’ve been getting spammed with targeted ads for CRE/Multi-family REITs and such...just looking for some perspective - thanks! +In the US, an individual is considered an “accredited investor” when either NW exceeds $1M (excl. primary residence) -or- income exceeds 200k (each of past 2 years). + +What are some of the most advantageous investment opportunities generally afforded to investors of this status? + +I’ve been getting spammed with targeted ads for CRE/Multi-family REITs and such...just looking for some perspective - thanks! +Update: Thanks u/al-in-to for the wise suggestion. You can follow my journey at https://latecycle.com + +http://imgur.com/a/UmoRnfZ + +Leveraged: 150k (100k margin @ 4.1%, loan 20k @ 5.5%, loan 30k @ 7%) +Invested: 100k TFSA, 50k regular account, 196k margin + +Plan: Ride out the next five years come hell or high water, re-investing every penny. Unless there’s a sharp increase in interest rates, I plan to stay leveraged for at least five years. + +Detailed Plan: All accounts are set to pay dividends in cash, not drip. I am only looking at my stocks twice per year (end of June, end of December) and at that point will re-evaluate and re-invest. I will also be investing an additional 20-30k from salary/other income. At current yields, I am estimating $25000 cash payout year one (minus cost of borrowing, which is about 6k). This assumes no dividends are cut or reduced, which could happen. + +Assuming they aren’t cut, I’ll take the $20,000 in distributions (after margin interest), $20,000 income, and re-invest $40,000 per year in dividends yielding minimum 7%. This can be a combination of high and low yielding, but the average must work out to at least 7%. I work a stable government job with a defined pension, 30 years old, and playing the long game - don’t plan to sell any stocks unless they stop paying or drastically reduce dividends. + +Feel free to follow my journey to glory or bankruptcy. +Can’t decide what type of ETF to select. Should I go with a higher dividend fund or something that might average more a year in return. I’ve been looking at XIC, VBAL, VTI, SPY. Any suggestions or advice? +Be a multimillionaire and I won't feel the need to passively search for people's approval by getting a tattoo or putting shit up my ass. I will purchase a large boat and escape to a multitude of island habitats for the rest of my life, soaking in sunsets and tropical drinks with people i actually want to be around for a change. + +If the MOASS happens next week, I'll never get on this sub again, all due respect to the masters of DD. This has been an interesting ride, but the bottom line is this: I've been poor for way too long, and I have a lot of lost time to make up for. + +Once I'm free I'm running for the hills and not looking back. +Has anyone tried cloning the MF portfolio? +Meaning... +- pick a list of Flexi Cap MFs that have beaten their benchmark consistently for the last 5 years. +- take their monthly portfolio disclosure. +- pick the stocks that are common in at least 7 funds. +- take the average holding of the selected stock in all the funds shortlisted. +- adjust the weight to make the weight of all the funs 100%. +- calculate the number of shares you should buy of each company based on your investable amount. +- continue with the above process as a monthly SIP. +- Churn the portfolio (if any stock is not there in the list anymore) only once a year. Example Jan of every year. + + +If anyone has tried or any experience with such an approach, I would like to know about your findings. +Is there any argument for the above? I was doing my research on overnight funds, and I was wondering why one shouldn't put their money in overnight funds right now, most banks are offering interest rates around 4-6% right now on FDs whereas Overnight Funds also give nearly the same interest rates with the added advantage of liquidity. Am I missing something here? I am still in the process of learning, still 21. So, any advice would be great, thank you! +So, my mother helped me set up my first credit card, and kept my information. In 2014, she quit working and I started supporting her, believing she would go back to working in 2015. She did not, and until last month, I fully financially supported her. About a year ago, I discovered she had kept my first card open, had racked up $9K on it, but paid it down to $6K. She promised she’d really needed it and was paying it off to close it. +Fastforward, my sister got into law school in the Netherlands, my mother goes with her to get her settled/stay indefinitely. +In an email, letting me know how they are, she casually mentions three credit cards I was unfamiliar with and how I would have good credit by the time they were done. So I called the companies—turns out, between 3 cards she had taken out in my name, as she lived with me bc I supported her, she had racked up almost $25K in debt. + +I literally cannot afford to pay this. When she left with my sister, I discovered additional $1K+ in expenses in my name. +Because we shared an address, one CC company has found this not to be fraud and that I am liable for the debt. My other option is to file a police report. On my mother. Who is out of the country. + + +I do not know what to do. What are my options? Oh, she also cosigned my name to a student loan when she was getting her second bachelor’s degree. + +Options, please. Please. +[https://www.travelandleisure.com/travel-news/people-over-40-most-productive-when-working-three-days-a-week](https://www.travelandleisure.com/travel-news/people-over-40-most-productive-when-working-three-days-a-week) +Always read if you bought Apple 10 years ago at xxxx it would be worth xxxx today. People assume it was luck or smart to buy then and easy hold with how the solid company is. + +I read thousands of articles over the years saying Apple peaked, Android has caught up, techs dated, price to high, sales down...you name it. Holding long is hard is the point, no matter the company. Whether it’s negative press, stock down or stagnant too. + +Apple brand is why I held, they withstood some bad years with making non innovative products due to loyalty and branding product so well. + +And that’s why I’m also long on Tesla, Netflix, peloton....over valued or not. The company to perfect a product first and build a following is tough to over throw, if they stay innovative. +Most experienced investors here know not to rely much if at all on Zillow's "Zestimate" for analyzing property comps. However, it's important to note how much more badly Zillow has muddied the waters with their foray into buying and selling properties themselves, as this account of how they now raise and lower Zestimates based not on comparables anymore, but rather what they want to sell their own inventory for shows: + +https://www.reddit.com/r/Economics/comments/qaboqa/comment/hh3isxv/?utm_source=share&utm_medium=web2x&context=3 +Hello everyone! I just wanted to share my short journey on Forex. + +I heard about forex through a friend of mine and he would preach about “financial freedom.” Of course, like most of us, I thought it was a get rich quick thing so I hoped on the wagon. I did some demo trading which I made lots of money QUICK. It got my hopes up. I was blindly taking trades, I honestly didn’t even know what Forex was. This led me to make a real account with 100 dollars. + +I had some luck in the begging making a dollar here and there. I started watching YouTube videos on indicators and all of these things I didn’t understand. Then I added another 100 dollars and I had around 200. I started testing my luck and gambling away. I got down to 25 dollars. Now 200 dollars is not a lot, but it still hurt. I could only imagine what if I had put 2000 dollars. I started to think forex was pointless and impossible to learn. + +I got a new job in an office where I honestly don’t do anything most of the time. I decided to actually learn what forex is, and how the market works. I started learning about management and the psychology behind it. I learned about price action and built my own strategy. Now, like I said, I’m very lucky that at my new job I could take around 4 hours to do this every day. Then I decided I was going to start building my left of 25 dollar account. + +It’s a small accomplishment but I’m beyond happy that I’m finally getting the ropes of forex. Today I made back my 200 dollars plus 30. My goal is to build my account to a 1000. It has taken a few weeks and few losses. My journey is just beginning and I’m beyond happy I didn’t give up when I started. To all new traders, Don’t give up, and LEARN LEARN LEARN. To my old traders that put information out there. Thank you! +This is going to sound biased because I am a nurse and money shouldn’t be the only reason for joining one of these fields. The main reason why I am stating this is because I think a large majority of people think becoming a MD is a good financial route. + +It takes 4 years to receive a Bachelors in Nursing and you can start working full time at the age of 21-22 if you started right after highschool. Nursing school will put the average individual 20-40K in debt. An average RN will make 50-60K a year starting. In my case, I will easily make 100K my first year because of overtime (50 hour weeks) and union pay. Their is a nurse at my hospital who works 80 hour weeks working nights and cleared 300K this past year. Let’s just assume that a nurse averages 65K for 8 years. That’s slightly over 500K at age 30 while an MD has barely started making money yet and is still in crazy debt. Many RNs have access to unlimited overtime so it wouldn’t be too challenging to gross 1M in 8-10 years. + + It takes 4 years of undergrad and 4 years of med school to just get your MD license. The average med student will graduate 300K in debt. You then start your residency which is on average 4 years unless you are going into a specialty which will be 6-7 years. For those 4-7 years you are making 50K a year working 60-80 hour work weeks. This number is from the residents who I have spoken to at my hospital. After finishing residency, you will become an attending physician. Internal Medicine MDs will make about 220K starting and Specialty MDs will make around 300-400K. MD don’t start making real money till the age of 29-33 if starting right after highschool. + +An MD will also miss 8 years of being in the market meanwhile an RN will be in the market the whole time. Lastly, an RN can become a CRNA (certified registered nurse anesthetist) in 2-3 years of schooling and 2 years of experience. A CRNA can easily clear 200K a year starting. One can easily make the argument that an RN is a better FIRE approach than an MD. In my case, I should easily be able to FIRE by age 45-50 since starting working at the age of 22. + + +EDIT: This blew up. My view has been changed. I think my argument lies more in that nursing CAN definitely be a better FI route in some circumstances (mine for example). From someone coming from a family where I would have had to take on 300K in debt to do med school it wouldn’t make sense. States such as CA or NY where nurses start at $40-$50 before OT can be more profitable in the long term. Obviously, ones reasons for joining healthcare should be far more important than money. I enjoy my job and wouldn’t change what I decided to do with my education/career. + + +EDIT 2: I also think it depends on someone’s definition of FI is. If 1M-2M is your goal, a RN will achieve that quicker in average if starting directly out of college. If 5-10M is your goal, hands down an MD would win no matter what. + +EDIT 3: I think this title should read that nurses become FI quicker than doctors. That seems to be more accurate +Hi everyone. I made this google spreadsheet, which allows you to track basic stock information automatically, all you need to do is enter the ticker and the remaining cells will be filled up. In order to use the spreadsheet, you'll need to make a copy of it. + +The spreadsheet tracks: Current price, Sector, Company Name, Annual Dividend, Dividend Yield, EPS, PE Ratio, RSI, 1 year estimate and analysts recommendation (1=buy and 5=sell). + +I hope this can help everyone here. + +I am working on another spreadsheet which will calculate some of the above and also: Gain/Loss, Growth, Annual Income, Cost Basis, Market value and more, this one will also have graphs and charts. + +Anyways, here is the [spreadsheet](https://docs.google.com/spreadsheets/d/1Q5WHOliGkq59yoXRvjbiv36bUPLTSRxJ6quaJXDgKUw/edit?usp=sharing). If you want to add more stocks just select the rows and drag them down. + +Thanks for reading and I hope it can be helpful. Stay safe + +PD: The information may have some delay (20 min max) + +Edit: The sheet has been updated. It now works with tickers with "." like BRK.B +Hey Shorties, + +I thought I would give some insight into each segment of the wheel and the main implications for delta. + +Professional Options Trading is all about managing delta. Understanding what it is, how it changes, and how to adjust as needed will give you a severe edge over buy and hold/static delta. + +Let’s take a look at the ever-popular wheel and what delta means for it. The wheel starts with a short put, giving you positive delta. Because of gamma, if the short put ventures further out of the money - the delta of the option will begin to decline and your ability to participate in further appreciation will atrophy if left alone. The inverse is also true. As the option ventures in the money, it’s delta will expand and your participation in the decline will accelerate. + +Then we venture into a covered call. A covered call is a short call secured by static delta. Because we are venturing on the other side of the aisle, however, you would think that things would work in reverse, however they do not. As the asset appreciates, your delta will shrink and as it declines it will expand. This is because a covered call reaches maximum profit when it’s delta becomes zero as the short call will have a delta of -1 and the covered shares will have a delta of 1. When called away you are left with premium and 0 delta. + +Here is the fun part however. If you want to participate in the appreciation of an underlying, short a put. You are able to continuously maintain your starting delta by rolling down at each new strike as the previous option moves one strike out of the money. + +If you want to hedge against declines in shares you hold, sell a covered call. As the asset declines you are able to continuously roll down your short call to maintain your starting delta and your negative hedge. + +So how do we out perform an underlying asset using short options? It’s impossible in a bull market, right? Actually… you can. Here’s how… + +Sell short puts at the closest strike to 50 delta. This will maximize extrinsic value. Extrinsic value is a head start, a handicap. Sell it 30+ days out to remove gamma. Remember we want to maintain or delta, and gamma’s job is to change it. Roll your put down a strike as soon as the next one down has a delta closest to 50. Why? We want to participate in appreciation and if we don’t we won’t fully capture the rise. + +Alright well, what happens if the asset falls? Do nothing. Let your delta increase for the same reason as above. We will participate and recoup the loss faster when the underlying rebounds. If your option gets to 21 DTE, roll it out to the next monthly and maintain your strike. You want to keep that built up delta. Keep milking this until you are done with the asset. + +But wait how is this out performing? Each roll down will capture and secure gains that buy and hold and static delta do not. Maintaining equity shares makes you subject to volatility whipsaw. By constantly skimming profit and waiting for recovery before repeating, you are banking incremental rises that are not subject to that same volatility. You will skim profit from the natural price action of the underlying at every available opportunity that would require a firm exit strategy from buy and hold. + + +Think of your entry as a baseline and the current price as a top line. Buy and hold never adjusts their baseline until they exit and re-enter their position. Every time you roll down your strike however you are incrementally raising your baseline by small increments which allows you to exit the position and maintain all your banked profit easier. The secret is knowing when to be done with the asset. I can’t help you there. I usually look for price below a moving average and exit when it reaches mean. But any ole method should work. + +Shoot me your questions below. +Hi everybody! + + + + + + + +I just arrived to the US to work for a company here. I have almost 40yo, I wonder is it worth to start at this age with 401k. + + + + + + + +Will I benefit from it in the future or will be better to use that money on something else? + + +EDIT: + +Wow, a lot of comments. Thank you all! +https://www.cnbc.com/2020/09/18/metrics-show-consumers-pulling-back-on-spending-in-september-as-congress-debates-second-stimulus-.html + +Halfway through September, Americans are curbing the amount they spend even with economies reopening. + +JPMorgan says Americans who use Chase cards last week spent 6.5% less than they did one year ago, marking a fall from the prior week's print. + +The decline in consumer spending may represent a concerning early sign that the effects of federal support for the U.S. economy made be starting to fade. +Original post here: [https://www.reddit.com/r/AusFinance/comments/d3zpwa/sister\_bought\_car\_she\_cant\_afford\_not\_even/](https://www.reddit.com/r/AusFinance/comments/d3zpwa/sister_bought_car_she_cant_afford_not_even/) + +Figured I should post an update since some people were asking what eventuated. + +As a quick summary for what happened: + +* Sister \[19\] went to a car dealer who managed to convince her to buy a 20k car (not financially-savvy, didn't know about interest on loans, and dealer convinced her she could pay it off for $50 a week or so). She had no other savings and only a casual job from which she doesn't even earn enough to pay tax, plus most of it goes to rent (so even $50 a week probably wasn't doable). +* She traded in her old car (totalled) and put down deposit of around 2.5k. She signed a few things. She was given the car (this is all on the same day - has not even applied for a loan). +* I found out about this about a week later and basically told her to return it and get her stuff back. +* Dealer was a pain and lied about many things. Some examples: + * Claimed they had already sold her car she traded in so they couldn't give it back (we later found this to be false). + * Claimed the new car was legally under her name and she 'owned' it, and if she didn't pay for it or give it back (without getting back deposit and old car) they would call the cops and claim it as "stolen". (???) Also found to be false, she never signed anything from what I saw regarding any transfer of registration. + * She asked to be given all documentation that she agreed to. They kept saying they emailed it but they never did. After several days of calling over and over she just went over there to get it physically. They gave her a page which she had signed - "Offer to buy x car" (and right to 1-day cooling period was waived) - without the terms, conditions etc. which she signed to. She asked for the rest of the documentation and they insisted this was EVERYTHING. (clearly wasn't). + +She tried to go to a bank to get some proof that she couldn't afford a loan, but she didn't even meet the criteria to APPLY for a loan. The dealership kept telling her she HAD to buy the car, or trade down. Or she could get a loan with them for around 10k for a different cheaper car. + +Eventually they realised it wasn't gonna happen. They called and said: "We'll give you back your old car (??? thought it was sold? and deposit) if you give back the new car. + +We went there and they said they'd already sent the deposit, it would arrive in a few days. I didn't believe it for a moment. I didn't want her to give the car back until she got the deposit in her bank. The man talking to her manipulated her, trying to establish trust with her by speaking with us in our background language and trying to build rapport which was clearly fake. We asked him for some written statement or proof she would get it back but he refused, apparently feeling insulted we didn't "trust" him (lol). I wish we never gave back the car until we got the deposit but regrettably we did; they were so manipulative, aggressive and pushy. I was probably the worst person to go with her, being shy and non-confrontational. She had also gotten into a big argument with one of the managers about it as he said she may not get the full deposit due to admin fees getting taken out of it, and he threatened again to call the cops for the "stolen" car after she started shouting at him. This left me more stressed and anxious.. + +So you guessed it. She returned the new car, got back her old car. SHe didn't receieve the deposit after a few days. She called them up and they said, "No, you signed some terms and conditions, you won't get it back." So looks like they lied about having already sent it. + +At this point she basically gave up. + +Personally, I was so angry at the ordeal that I wasn't going to let it stop there. Yes, my sister made a stupid mistake from ignorance. I also contributed to the mistake of not stopping her from giving back the car without receiving the deposit first. I felt we had no power, especially with him threatening to call the cops, and I still had no idea what she had signed/agreed to since they still have never given any of the documentation except for the "Offer to buy". Regardless, I felt everything that happened was so unethical and I didn't believe that they could actually keep the deposit. I believed they were withholding the documentation regarding this, again to lie about it. + +So I decided we should post a review about this on productreviews, hopefully to draw some attention from a representative. I realised there was an option to mediate before posting the review. So I highlighted all the lies and unethical things that occurred, and noted we were going to lodge a complaint to ACCC (we actually did call them for advice, but it hadn't been very helpful). + +**A representative got back to us, and sent back the deposit. Just like that.** + +I still don't know what my sister had signed to other than "Offer to buy". I think the car should not have been given to her, and deposit not accepted, without a pre-approval for a loan. The way everything was done was not right, and I hate that they took advantage of her naivety. I think she's definitely learned a lesson from this. + +**edit:** Also I just wanna thank everyone who posted advice on the original post. Honestly I have next to no knowledge on dealerships/cars and the legalities behind it all. I'm appreciative that most comments were constructive and helpful. My sister and I did not really have anyone to go to about this. Also why I was the one to accompany her. My sister and dad don't talk/have no relationship, so the help he could give was limited. I am almost a parent to my sister in that I give her guidance and help in life, since my parents cannot and aren't in good situations themselves, but I'm 22 myself so my knowledge and experience is minimal. +Hey all, usual warning applies as with all my last posts - I'm the OG Dogecoin Dev listed above. Everything I say here will be extremely biased, as I am directly involved with the coin, and obviously would directly benefit from it's success. Never take financial advice from anyone on reddit, especially from someone involved on the project they're talking about. Always DYOR, and Ape in safely. + +--- + +It's been a big week for $DOGIRA - we crabbed down to around 2c recently, while myself and the team did some major restructuring to ensure the coin's long-term viability, roadmapping, and a management overhaul to ensure we have our sights firmly set on immediate growth, and safely wading through the inevitable "memecoin" bubble burst. Following this, we shot back up to our 4c "stablecoin" levels, before rocketing past that on to our current value of 8c/token today! + +Now, on that - Dogira has a meme on the front of the coin, but that's where the memes stop. Behind Dogira, we've a professional team focusing on ensuring that the coin has real utility, and real use cases. Believe it or not, this is exactly what we did in 2013/2014 when it came to Doge - we focused hard on creating the utility, and empowering the developers that made Dogecoin legitimately fun to hold and spend. Nobody wants to just sit around accumulating a currency which has no use case, unless they're fans of tulip mania. + +So, here's the scoop on how Dogira is doing at the moment, and what we've got planned for the immediate future; + +---- + +**Dogira** - The Low-down +---- + +--- + +* **Microcap Token; currently < $7mil in Market Cap** + +* **Currently in the middle of a $100k Marketing Campaign!** + +* **Plans for coin integration/event rewards in [Split or Steal](https://store.steampowered.com/app/1162930/Split_or_Steal/), a game launched/owned by myself which hit #1 in Steam last year.** + +* **Officially Partnered with Feed Every Gorilla, with 4 million Dogira tokens being allocated to FEG's staking pool** + +* **Not an Anonymous Team - Project Leads are doxxed.** + +* **Roadmap released, offering detail & timeframes on our Native Blockchain Gaming & NFT ecosystems.** + +* Satoshi Club AMA scheduled for today, at 3pm UTC! + +* Grew to this level organically - only recently listing on CoinGecko, and our first CEX. + +* First Investment NFTs sold out in 10hrs - generating $35k for our CEX Listing fund. + +* New Investment NFTs dropping soon! + +* Core Team are active, friendly, and well-versed + +* Only 100mil tokens, of which 88mil are in circulation + +* Audited, and approved by War on Rugs (additional third-party audits currently being secured) + +* Community are super friendly and engaged - very reminiscent of old Doge. + +--- + +**Dogira** - The Official Stuff +--- + +--- + +Site: https://dogira.net (new!) **Telegram, Discord, and Buying instructions can be found inside here!** + +Subreddit: /r/Dogira + +TX for DexTools/Uniswap: `0xe9bd6ddc2b13f46715382f74534950e004399d10` + +Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +CoinGecko: https://www.coingecko.com/en/coins/dogira + +--- + +Our next major goals following the end of the current marketing campaign will be to roll out onto the V2 of our token, which is currently in development. This version of our smartcontract is being built specifically to aid us with our goals in developing Native Blockchain Gaming solutions, alongside enhancing our NFT/Token ecosystem, which has already added so much value to Dogira in it's current, far more basic state. + +We'll be doing an AMA with the Satoshi Club as mentioned above, in just under an hour and a half away from the time of this post. Satoshi Club have over 50,000 members, and an extremely engaged userbase - so, if you want to see how we do on the spot, or ask any questions yourself, please consider jumping on! Instructions for joining and taking part can be found on our Telegram Community. + +We're ecstatic to see the current momentum behind Dogira, and the team are greatly looking forward to running with that momentum and ensuring that our efforts continue to pour into creating a coin that has the use-cases, and the tangible value to take us far into the future. If you're on the fence, consider jumping in on our Telegram group to get a feel for the community - or of course, jump on to our AMA with Satoshi Club, and get a feel for how a third-party, massive community takes to the project! + +We're living in an extremely exciting time for the Crypto community in general right now, and seem to be right on the cusp of where digital currencies are quickly moving to become something that's going to see real everyday use, by everyday people in the near future. I'm hugely proud to be part of the Dogira team we've got, and the community we've built around the coin - there's very little more exciting than getting to work with an excellent team to push the boundaries of innovation towards what we can achieve together in this space. + +--- + +As a reminder: I am a core member/developer with the Dogira team. Everything in this post is as biased as it can possibly be. I don't only like the coin, but I also contribute to it, and am vested into it. Always DYOR, and never accept **anything** you read on reddit as financial advice. +Non-profit, community driven projects almost always work better than paid alternatives, just look at wikipedia for example. Stuff just works better when its passionate people doing what they love and for the benefit of other kind people. Thats literally the core behind our community. Ape help ape, and I would love to see this community become a hub, by retail, for retail to point out instances of the big guy fucking over us little guys. To warn the average joe of fuckery they never would have even been aware of if all they had to go on was mainstream companies and their government. Whats happening rn really just proves that the people in power cannot be trusted, and here we have an alternative, real honest people researching for the good of the collective, rather than news outlets being paid off to feed misinformation and fake narratives to funnel as much money from the poor to the mega rich as possible. This sub and community could be the foundation for something really really awesome, and a catalyst for exposing and deposing the parasitic wankers that sit at the top of the hierarchy. + +I really enjoy reading through the DD and theories here everyday, and I dont want this to end with GME. Deep fucking love to 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: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Was just thinking about Margin Call and how I really enjoyed that film (and many others) when I wondered what else would make a great film based around the world of finance. The savings & loans boom/bust? A forex trader in London on 23rd June 2016? The day MF Global imploded? + +What, r/finance, would make a kick-ass movie about the world we work in? + +Edit: Thanks for the comments guys! I've actually discovered a bunch of interesting events/people to read up on now. +I came to Germany in 2019 from a developing country and started investing everything in the VWCE through Degiro. Apart from some necessary cash holdings to cover 3 months' expenses and my return ticket, this is the only fund I have in my portfolio here. Now that it is getting big, it is making me uncomfortable. I still believe in free market capitalism and that a diversified, global equity fund is the best bet we can have to gain from it over long time frames. + +But do you think keeping everything in only one fund is risky? What is your opinion on investing in iShares MSCI ACWI or Lyxor MSCI ACWI to diversify away from VWCE? Lyxor fund has the added advantage that it is domiciled in Luxembourg, different from Ireland where VWCE is domiciled. + +Let me know your opinions. +To be 100% clear, DRS IS THE WAY!!! However, I personally have XXXX shares sitting at various brokers inside of self-directed IRAs because I'm not confident that I can DRS them without tax implications. Each time we try to get clarification, we are told to consult a tax professional (We saw this with the ComputerShare interview recently, for instance). + + +WE ARE APE STRONG, so there must be a few of us who actually are tax professionals who can research this for us. Anyone willing to stand up and bring actual closure to this for us? I'm sure many Apes would love an answer on this. + + +DRS IS THE WAY, so let's do this! +The caveat is this - These loan payments must fall between between March 1, 2020, and May 30, 2020. + +Most Home loan repayments fall due on the 1st of the month and in few cases till the 7th of the month. By coming up with this "moratorium" on March 27th, this effectively means only the repayments of April and May will be a relief, not June. + + [https://www.moneycontrol.com/news/business/economy/rbis-3-month-moratorium-on-term-loans-credit-card-dues-emis-included-interest-to-accrue-on-outstanding-portion-of-loan-5080581.html](https://www.moneycontrol.com/news/business/economy/rbis-3-month-moratorium-on-term-loans-credit-card-dues-emis-included-interest-to-accrue-on-outstanding-portion-of-loan-5080581.html) +So I made the mistake of opening many lines of credit while in my 20s. For years I struggled to pay off the debt... buying things I didn't need, being stupid with purchases and using credit cards for, basically, a payday loan. I have spent an unfathomable amount of money on paying minimums. It's not the first time I've had problems with credit cards, but I NEED it to be the last time. + +Right now I'm in a good situation. I make very good money (not "fuck you money") but enough that I was able to pay off my cards and pocket a bit into savings. I keep my minimum monthly expenses low by cutting out the unnecessary expenses. I eat out once a week, bring lunches to work, cut out the cable bill and unnecessary subscriptions. I have a $217 car note and a manageable $1200 mortgage, both current, so I don't plan on any major purchases in the near future. I have student loans that are manageable but have a long way to go before they are paid off. They've been open and currenr for 10 years. + +My question for you all is: can I close these credit card accounts? Should I keep one open just to show i have the credit available? I know its going to lower my available credit and length of account history, but is it worth the hit? + +I'm waiting for one more month of statements so I can make sure I do not have any residual interest coming and can assure I have a $0 balance for at least 2 months of statements before I close anything. I know FICO looks at utilization rate... how can I keep that from being 0%? I obviously do not have the discipline to just put one or two things on a credit card. Is autopaying an electric bill and autopaying the card every month a good option here? Also, I don't want to have to keep such a fine eye on all these lines of credit with the experian hack. Will future lenders look at me as disciplined enough to close these accounts or will they see it as a liability? + +Hoping for a little guidance here. Thanks everybody! +As a college student I get a monthly allowance from my dad. I told him to invest 20% of that money for me. +So he started buying me these two: +\-ISHARES GLOBAL CLEAN ENERGY UCITS (IE00B1XNHC34) + +and + +\-ISHARES CORE MSCI WORLD UCITS ( IISIN; IE00B4L5Y983) + + +I trust my dad, as I know he is great with finances. I just wanted to ask reddit what you all think? + + +Also, this is a 20% save only at the beginning of the month. At the end of the month, I invest the remaining money myself. I usually end up using \~30% of my money that way, and save 70%. +I have a good chunk of my portfolio invested in QCLN and IHI. Considering how poorly they performed last month when the bond yields were up, do you think it would be a good idea to just sell them now or should I wait longer? +In looking at the overlap between the two it looks like almost all of SCHD is in VTI. I really like having both in my portfolio. But I'm wondering if I'm wasting my time holding both? Should I just consolidate my SCHD holdings into VTI? +Hi guys, + +Since all we hear in this sub is about the ARK funds, I thought it was interesting to share this video with you guys. + + +https://youtu.be/LhluPwDaNAQ + + +It is the latest episode of the Rational Reminder podcast hosted by Ben Felix, a pretty famous YouTuber and also portfolio manager. If anyone doesn't know Ben Felix, he is very against active management and usually backs up his opinions with empirical and scientific facts. + +In this episode he talks about the history of short term well performing funds and the aftermath of the well performing years. They start to talk about it around minute 15 of the video. + +By no means I mean to say it is not a good investment right now, in fact, I don't know shit as I'm pretty new to investing. This is more of a warning/knowledge sharing so people actually know what they are getting into and understand the risks of investing in the new hot stuff, especially those that mean to invest in it for longer terms, not just to 'surf the wave'. + +I'm also very interested in the counter arguments to Ben Felix's arguments since I can't really think of any and I'm sure a lot of people here can debate this more thoroughly. + +I'm interested in the responses. Thanks in advance. +I’m new to ETFs, I am currently only holding ARKG, is it a good choice? What are the other ETFs I should consider for steady growth in my portfolio. + +For aggressive ETFs, is MOON a good choice? +Let’s say you maxed it out and it’s doubled from the 75,000 to 150,000. You want to pull that out to buy a house. Would you be able to put 150,000 back in the following year or only the 75,000 you started with. Essentially can you grow your contribution room as well? +I’ve been looking for well over a year. I’ve seen over 20 properties. I’ve put in 6 offers. I finally have an accepted offer and am happy with the home inspection. + +It’s a 2 family and a single family on the same lot. I’m living in the single family. The owner has the 2nd floor paying for a few common lights so I will need to have an electrician rewire a house meter (I asked for them to take care of it. They said no and are already giving me back $10k for closing costs) but other than that the house is in solid shape. + +I plan on repaving the driveway and installing vinyl on both dwellings but it’s not necessary. I’m moving into the single family dwelling and both tenants in the 2 family are staying. + +Both tenants are paying under market value. 1st floor has been there for 5 years @ $850 for 2 bedrooms. Second floor for 3 years at $750 for 1 bedroom. My plan is to raise the rent to $1000 and $900 respectively after 3 months. Both tenants are tenants at will and the new rents will still be below market value, but will cover the cost of mortgage save taxes and insurance. +Title Says it all - FatFire Failure. I would like some advice of how to handle fatFIRE failure. I have not fatFIRE'd yet, but I have had 3 opportunities which I could have reached this goal. I feel that I have been smart/lucky enough to put myself in the position make it. I feel I reached the point to where I was about to make it, to have it knocked out of my hands by other people. I am feeling ripped off a lot lately and its been heavy on the mind. I'm in a funk and its been hard to get out of my head that I got screwed and those that screwed me fatFIRE'd to 9 digits twice. + +Sorry the above paragraph probably doesn't make much sense, just needed to get something out to someone. Not something I am comfortable venting/talking to Family about. + +&#x200B; + +My question is those of you who have made it, do you have any advice to someone who has failed a few times now and is struggling. Or if you have failed before and hit the wall any advice to get through it. + +&#x200B; + +Thanks! + +&#x200B; + +Edit - Thanks a lot everyone for all the comments! It has given me a lot to think on, and thing/books to look into. Just reading everything from you all has given me a mental boost! Thank you so much! +So mine was at the ripe ol age of 18 in the year 2000 I took a personal loan of $4000 to buy myself a sweet gaming computer (you youngsters have no idea how expensive technology was back then) I defaulted on that loan and was chased by debt collectors for ages. + +However the good was that with that PC I joined a local LAN(that's what we used to do before DSL) where I met a lot of nerdy people and made some really great connections. And having my gaming PC I learnt how to fix PCs setting me on a career path from fast food manager to IT pro. Each of my job advancements came from connections from my LAN days and now I work as a technical data analyst on a pretty sweet project. + + +Best(and only) defaulted personal loan I ever got +The Finance Ministry is likely to provide income tax relief to the middle class in the upcoming Union Budget 2020-21, according to two senior government officials. + +A series of discussions have been held within the government to promote economic growth and a reduction in the tax burden is seen as having a direct impact on boosting consumption. + +An official said the Finance Ministry is learnt to have firmed up plans under which the tax adjustment is likely to be planned in a manner that the effective tax burden of the middle class effectively comes down by about 10 per cent of their overall tax outgo for the year. + +What this could mean is that the tax structure may be tweaked in a manner that if tax outgo for an individual is Rs 1 lakh in a year, then the person may see an effective reduction in his tax outgo by around Rs 10,000. + +... + +... + +In another possible move, the government is learnt to be considering tax incentives to individuals for buying home. An official said that since real estate is a key sector and has the biggest multiplier effect on the economy, there could be benefits targeted for new home buyers. + +Link to the full article: https://indianexpress.com/article/business/income-tax-relief-for-middle-class-incentives-for-new-home-buyers-likely-6203508/ + + + + +Personal view: + +This is highly unlikely that they will cut so much taxes, especially after cutting the corporate taxes. If she does, I will never complain about Shanta Tai. +First post but I felt compelled to say something after a fun day. + +Whenever I log on, I smile from ear to ear at some point during my scrolling. Some days are tough, some days are bittersweet and one of these days will be "the day". Until then, thanks for this adventure and all the lols. + +The list of stupid things that are "inside-jokes" could be a million pages long! + +Roll call on key words, phrases, etc: + + +Peace out <3 +We have just enough people to get our planned artwork out there *and* defend it. + +Anything more and it would be weird. Our mantra is buy, hold, DRS. It boils down to 99% of the time doing nothing. I'm proud to have only 5% of the sub defending our work on Place. It shows how powerful we are even when 95% of the sub does nothing, with a financial plan that leverages that 95% in buy, hold, DRS. Even a minuscule amount of us half ass paying attention can repel a major twitch attack. + +I'm so proud of this sub right now. +I tried to keep this to myself but i know you know who you are, with your nose ring shitty leg tattoo and a big 2100 dollars on robin hood. I just wanna say fuck you, wear a mask, stop picking your fucking nose in public and keep your shoes on.... i hope ur dick falls off +Bear with me, because this dilemma is a hybrid between r/personalfinance and r/legaladvice, maybe even just r/advice as well. Sorry if this doesn't quite fit here. + +So roughly two weeks ago, my dad had a heart attack and was rushed to the hospital. They found that not only did he have a heart attack, he had stage IV cancer that was found on his heart, kidney, bones, among others. He had a surgery to remove the major metastases but the surgery didn't go very well; he lost a lot of blood and had another heart attack, and after being on various varieties of life support he died in the ICU. + +I was living with him, as well as my sister who is in high school. I'm 21, and due to mom not being in the picture I will be taking care of my sister. First of all, I need to keep this apartment. Rent is $1,200/mo, and before this mess my dad and I split it, with him paying the majority share of $800/mo, while I had been paying for groceries and utilities. I pay my dad cash and the landlord automatically transfers from his account. I had considered freezing his bank info but decided to leave everything along before coming up with a plan. Before he died he showed me his bank account and he had roughly $8,000 between accounts. He has also said about a year ago that he has a life insurance policy out in my name for $10,000. I have about $4000 between accounts. My income averages around $1,600/mo, but I have a tipped job so it varies. I also occasionally doordash as a side gig, so I can amp this up as necessary. Our lease is up in three months, so I'm attempting to find another roommate before then if I decide to move. + +I feel like it's completely doable in this tight three months, but I have no idea how to correctly navigate any of this, or the legality of any of it, and I'm kind of lost. + +Some other context, we live in Colorado, and my dad has given me power of attorney. + +Thanks for your help! + +>UPDATE: + +My sister and I were tired and still kind of shocked so we slept in before touching any of this. + +So a couple things I forgot to mention that would definitely help context. As far as my mom goes, she's been divorced from my dad for years and actually has legal custody of my sister, but my sister's been living here for about three years. All three of us are covered under medicaid already, and as far as I know my dad didn't have any debts, but I'm not entirely sure. I went on his laptop and was able to export important stuff like passwords and tax info. I decided to just transfer his entire account to mine to avoid any headaches down the road, from what you guys have said his assets are low enough to completely bypass probate. + +I've contacted the hospital and they're communicating with the local cremation company, and their basic services are completely covered by medicaid. I shot an email to our landlord (I'm also on the lease) but I'm still awaiting a response. It's just a guy who has only one rental property and he's been a good landlord, so I'm not worried as far as that goes. + +The one thing I have no idea about is the life insurance. He already happened to be off the schedule at his work for a completely different thing before he checked in, so I don't know if he was still technically employed or not. His life insurance as far as I know is through his employer. + +Thank you for all of your responses! This post got a lot more attention than I anticipated and I'm feeling a lot more confident about this being able to navigate this now. +FUD right now is out of control but a lot of us can hang in there because we can still pay a bill or two. If we quit our jobs and SHFs find a way to prevent MOASS for a few more months while we are broke then we will experience extreme doubt and psychological warfare. +DON'T QUIT YOUR JOBS YET. +FUD right now is out of control but a lot of us can hang in there because we can still pay a bill or two. If we quit our jobs and SHFs find a way to prevent MOASS for a few more months while we are broke then we will experience extreme doubt and psychological warfare. +DON'T QUIT YOUR JOBS YET. +They say you can go back to rental property and live there for 2 years before you sell it to avoid a capital gain tax. Is it that simple? Is there anyone who has an experience of doing that? +I am probably going to start planning a property with a family member to help him get into a new career, or at least some cash flow of his own. I know the risks about that, and that isnt what I am worried about. Im mostly going in to help the person. + +But how would you divvy up the income for either a flip or rental? Im mostly going to be fronting the money and finding a good potential property while he will be doing the labor for the remodeling. Ive never done a partnership with a property before so Im just trying to figure out some of the snags like this. + +Edit: Thank you all for the help! I appreciate hearing the input. +Hello, I would love to hear what everyone’s preferred platforms are for investing? And what are some of your preferred features if it’s not too much trouble. +Just woke up in the morning, found out my coin exit-scammed. I believed in the project, it wasn't a shitty dog-coin, it was a decentralized casino, which I thought was a novel idea. Today, the team announced they're ceasing operations, price's dropped 95%, can't even withdraw coins from the staking contract from the site, and I don't wanna even bother with it, cause it'd be a tiny amount. Apparently the devs didn't sell any coins, which I don't really believe. What's worse, I could've sold for a nice 2x profit, but I believed in the project and bought the dip. + +The warning signs were kind of there, the audit had some things that in hindsight, were kind of dodgy. Don't even know why I'm writing this, I can survive without the money, but it is a real freacking kick in the gut... + +Lesson 1. Don't go all in on microcaps (really shouldn't have done that). + +Lesson 2. Don't be an idiot. + +RIP my folio, won't have money to invest in crypto for a while. +The story goes like this… + +If you go onto the XRP/USDT pairing on LAToken and scroll back to the 23rd February you can see the price dropped to 0.00004USDT per XRP. I had placed very low limit orders prior to this that have since been filled. + +When I logged into my account after placing these low bids on the market a while back, I was amazed to see I had amassed 632,151 XRP tokens. + +Here’s the heart-breaking bit. I naturally was mind-blown, so I tried to sell some of the XRP in the account then withdraw my profits from the exchange elsewhere, only to have the withdrawal declined and my account temporarily closed for 1 day siting a ‘violation of our terms of use’. I have done nothing wrong and simply set low limit orders that were filled. + +I contacted support asking why this has happened, they didn’t tell me why my account was restricted or what terms of use I had broken. After the 24 hours my account is back up, all the XRP is gone and I’m left with the cryptocurrency I had originally. I contact support again asking for my coins back, I get vague responses not related to the issue. + +For proof of this happening: [https://imgur.com/a/NSYsvqn](https://imgur.com/a/NSYsvqn) +Before we get started, I'd like to point out that these stocks are ordered based on their current (2021) Dividend Yield. This list does not include every single company known to man. What are some of your favorite dividend companies? + +&#x200B; + +[TTM Dividend Yield](https://preview.redd.it/q81apqs549671.png?width=1046&format=png&auto=webp&s=7b91446a9d156d549ab675a389433d02a2272f68) + +*Note: Reddit only allows 20 images per post so the first 10 stocks don't have charts.* + +**30. Caterpillar (CAT)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.95% (2021) + +Highest Dividend Yield in past 10 years: 4.09% (2015) + +**29. Aflac (AFL)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.00% (2019) + +Highest Dividend Yield in past 10 years: 2.75% (2011) + +**28. General Dynamics (GD)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.53% (2017) + +Highest Dividend Yield in past 10 years: 3.66% (2012) + +**27. Procter & Gamble (PG)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.19% (2020) + +Highest Dividend Yield in past 10 years: 3.52% (2015) + +**26. The Clorox Co. (CLX)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.03% (2020) + +Highest Dividend Yield in past 10 years: 3.35% (2011) + +**25. PepsiCo (PEP)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.57% (2014) + +Highest Dividend Yield in past 10 years: 3.15% (2011) + +**24. The Coca-Cola Co. (KO)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.71% (2012) + +Highest Dividend Yield in past 10 years: 3.36% (2016) + +**23. 3M (MMM)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.97% (2013) + +Highest Dividend Yield in past 10 years: 3.44% (2019) + +**22. NiSource (NI)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.43% (2014) + +Highest Dividend Yield in past 10 years: 4.04% (2011) + +**21. Kimberly Clark (KMB)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.90% (2015) + +Highest Dividend Yield in past 10 years: 6.94% (2014) + +**20. Cardinal Health (CAH)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.60% (2014) + +Highest Dividend Yield in past 10 years: 3.74% (2019) + +**19. Federal Realty Investment Trust (FRT)** + +[TTM Dividend Yield](https://preview.redd.it/i6iay0e849671.png?width=724&format=png&auto=webp&s=3afb0ea0efc061872cfe607dc52b03083e6b21b0) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.40% (2014) + +Highest Dividend Yield in past 10 years: 4.86% (2020) + +**18. Walgreens Boots Alliance (WBA)** + +[TTM Dividend Yield](https://preview.redd.it/jw7hybci49671.png?width=724&format=png&auto=webp&s=c5bbce8238003690b5ce5964f8ac2a7673249a98) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.73% (2015) + +Highest Dividend Yield in past 10 years: 4.78% (2020) + +**17. Consolidated Edison (ED)** + +[TTM Dividend Yield](https://preview.redd.it/xnybyqsk49671.png?width=724&format=png&auto=webp&s=5ee8016b3f312146cf0c2f69f06bc767d999d63f) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.07% (2017) + +Highest Dividend Yield in past 10 years: 4.31% (2012) + +**16. Realty Income Corp (O)** + +[TTM Dividend Yield](https://preview.redd.it/qlbu4gem49671.png?width=724&format=png&auto=webp&s=05ffa459e75d0cab90230aed45dc21195010d7c9) + +Dividend Payment: Monthly + +Lowest Dividend Yield in past 10 years: 4.01% (2021) + +Highest Dividend Yield in past 10 years: 5.62% (2013) + +**15. People's United Financial (PBCT)** + +[TTM Dividend Yield](https://preview.redd.it/b22dbjgo49671.png?width=724&format=png&auto=webp&s=e7356917f5f684d074bf115346bf393d991f8ff2) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.59% (2017) + +Highest Dividend Yield in past 10 years: 6.59% (2020) + +**14. AbbVie (ABBV)** + +[TTM Dividend Yield](https://preview.redd.it/c0e9thmq49671.png?width=724&format=png&auto=webp&s=0bec985e2191927aca6b890810392425c2ebe80a) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 6 years: 2.77% (2017) + +Highest Dividend Yield in past 6 years: 5.69% (2019) + +**13. International Business Machines (IBM)** + +[TTM Dividend Yield](https://preview.redd.it/fm9xdd7s49671.png?width=724&format=png&auto=webp&s=138601d82e097792ac1e694099a9c6057c7c1fc6) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.54% (2011) + +Highest Dividend Yield in past 10 years: 5.52% (2020) + +**12. Chevron (CVX)** + +[TTM Dividend Yield](https://preview.redd.it/a8bia48u49671.png?width=724&format=png&auto=webp&s=7abebebc6e90c8533012b1aef7698c37eaf4abaa) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.02% (2011) + +Highest Dividend Yield in past 10 years: 5.80% (2020) + +**11. Gaming and Leisure Properties (GLPI)** + +[TTM Dividend Yield](https://preview.redd.it/jmvssnvv49671.png?width=724&format=png&auto=webp&s=e3e5df8e1e1460d4b105dd35c38f1c36f1096a9a) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 7 years: 5.26% (2021) + +Highest Dividend Yield in past 7 years: 7.86% (2015) + +**10. Universal Corp (UVV)** + +[TTM Dividend Yield](https://preview.redd.it/0s24apnx49671.png?width=724&format=png&auto=webp&s=6aeb8cdc87d2fe7db9094efc18e9c7f705641720) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.67% (2016) + +Highest Dividend Yield in past 10 years: 6.85% (2020) + +**9. ExxonMobil (XOM)** + +[TTM Dividend Yield](https://preview.redd.it/im1pcjcz49671.png?width=724&format=png&auto=webp&s=ac2f1d261cf86740560c3be36db6ab2effb6e668) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.30% (2011) + +Highest Dividend Yield in past 10 years: 9.14% (2020) + +**8. ONEOK Inc (OKE)** + +[TTM Dividend Yield](https://preview.redd.it/q8d0i76159671.png?width=724&format=png&auto=webp&s=b39cc6a4da49082e80a3f5887a057c8047f9a030) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.59% (2013) + +Highest Dividend Yield in past 10 years: 12.36% (2020) + +**7. Altria Group (MO)** + +[TTM Dividend Yield](https://preview.redd.it/ko740qu259671.png?width=724&format=png&auto=webp&s=157c6e3912afabd9451d76723636098b37c7a116) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.45% (2017) + +Highest Dividend Yield in past 10 years: 7.91% (2020) + +**6. AT&T (T)** + +[TTM Dividend Yield](https://preview.redd.it/qpmx9ne459671.png?width=724&format=png&auto=webp&s=6e9bdb59908c2fafc383e8e6f38fb093110d1866) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 4.56% (2012) + +Highest Dividend Yield in past 10 years: 7.08% (2020) + +**5. Magellan Midtstream Partners (MMP)** + +[TTM Dividend Yield](https://preview.redd.it/01mlfk6659671.png?width=724&format=png&auto=webp&s=9d1faf43efd9eb00734c4983e826d25af6074d85) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.95% (2014) + +Highest Dividend Yield in past 10 years: 11.12% (2020) + +**4. Ares Capital (ARCC)** + +[TTM Dividend Yield](https://preview.redd.it/io46rcr759671.png?width=724&format=png&auto=webp&s=c7655c05f741b5859b8942a9b2d8e3f320fdd52d) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 7.86% (2021) + +Highest Dividend Yield in past 10 years: 10.50% (2015) + +**3. BlackRock TCP Capital (TCPC)** + +[TTM Dividend Yield](https://preview.redd.it/j320emb959671.png?width=724&format=png&auto=webp&s=ca35d765293aa66319b2798c834866c562e4efe4) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 8 years: 8.24% (2021) + +Highest Dividend Yield in past 8 years: 10.67% (2020) + +**2. New Mountain Finance (NMFC)** + +[TTM Dividend Yield](https://preview.redd.it/2vpnmz7b59671.png?width=724&format=png&auto=webp&s=3104a460aa8d11a9e69f282e72cb416e3838a6c9) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 9 years: 8.86% (2021) + +Highest Dividend Yield in past 9 years: 10.94% (2012) + +**1.** **PennantPark Floating Rate Capital (PFLT)** + +[TTM Dividend Yield](https://preview.redd.it/m6t0uqvc59671.png?width=724&format=png&auto=webp&s=a8c4c6c7df1f27d95f885b970af8a181146a5901) + +Dividend Payment: Monthly + +Lowest Dividend Yield in past 10 years: 4.32% (2011) + +Highest Dividend Yield in past 10 years: 10.63% (2020) + +&#x200B; + +*Made Using Microsoft Excel* + +*\*\*This is not investment advice\*\** + +*\*\*Do your own research\*\** +Hello Everyone , + +I was wondering if there are people in this subreddit who work or have worked in a company as a FX trader and wouldn´t mind sharing their experience ? + +I´ve been live trading on my account for a couple of months now and have been enjoying it so far and was wondering how the work floor generally looks like and if people have enjoyed the trading environment . + +Gamestop intentionally changed their earning report dates to overlap with running peak of cycle. + +Because they already knew the cycle. + +But I think they should have solved the problem about SEC. + +So they provided share-offering to solve the legal issues. + +and before , The regulations were not in effect. (Mar Cycle , Jun Cycle) + +but this cycle is the first time the regulations will be in effect. + +&#x200B; + +In Sep 8th , they will announce big news. + +The game finally stops. + +Ahh.. MY BAD. + +&#x200B; + +The game finally begins. + +&#x200B; + +&#x200B; + +He already planned this in 2020. + +https://preview.redd.it/g3s469n0ftk71.png?width=400&format=png&auto=webp&s=eb277a10a47f81e079730c348f6449f885818f03 + +&#x200B; + +&#x200B; + +&#x200B; + +Good luck. +Title says it all. We’re a family of seven. Before Covid we thrived without assistance ( besides the kids being on Medicaid, my husband and I have insurance through our jobs ). Sure things were hard sometimes but we could eat three meals a day and not have to worry about not having gas money to get to work. + +Then comes Covid and inflation. I work in a healthcare center so we deal with constant shut downs and hour cuts because of short staffing. Due to this, there are some checks I make a lot more than the next one. Gas is still over $4 in my city right now. Groceries are noticeably more expensive. My husband and I started skipping meals so the children could eat. We spent the last of our savings on a vasectomy for him ( $950 WITH insurance) because I got pregnant with my fifth child with an IUD implant and there’s no way we could let that happen again. We decided to apply for food stamps and we got denied and low and behold they decided to take the Medicaid from the kids too. So now we have to figure out health insurance for 5 kids, groceries, and gas to get to and from work. My car is falling apart and needs Repairs even though I spent $2300 in February fixing it only for it to act up again 6 months later. After our bills we probably have $200 a month left over for ALL of this. We both make over $20 an hour and are considered middle class but it sure doesn’t feel like it. I miss life before Covid. Another job isn’t an option for me because every job I’ve applied for in my field pays less than my current one ( I’ve been there over 7 years) and they also don’t provide the flexibility I need for my kids schedules and school pick up/drop offs. I don’t see how taking a pay cut will help at all. + +My husband and I are considering +divorce to be able to eat and afford insurance for the kids. I hate the dystopian reality we live in. I don’t want to divorce my husband but I have no idea what to do. I just worked a 12 hour shift and I’m starving but the kids need school lunches tomorrow. This is exhausting. + +Edit for Update: I’d like to thank everyone that gave me helpful advice! We are currently looking into applying for WIC as well as my husband got a call for a part time job that will hopefully work around his full time jobs schedule. We are also appealing the Medicaid decision as I believe they miscalculated our income. I’ve decided to disable notifications because a lot of people are berating me for having 5 kids, even though I’ve explained I’ve gotten pregnant on birth control, husband has a vasectomy now, and my first three came from an abusive relationship where I was trapped and almost died when I finally left. It’s pretty easy to judge situations you don’t know about, but I will never be upset when people vent about struggle because most of us have struggled at some point in our lives! I wish the best for everyone and hopefully financial burdens will begin to ease for everyone soon. Thank you all. + +Another Update: the part time job that called was actually my place of employment! They are currently offering a $3000 referral bonus. My manager is very hesitant to have family members working together but I’ve worked for him for almost 8 years and he knows I’ll continue to work hard and not let my husband be a distraction. It will be a great relief for him to get this job and we could use the referral bonus towards gas and groceries the rest of the year, possibly more if we stretch it. Hopefully things will get better soon. +So I've read at least a dozen times on Reddit that, "The IRS will NEVER call you, 100% of the time if you get a call from the IRS saying you are being audited it's a scam." + +Well, I got one of these calls recently. I remembered the countless posts I've seen saying the IRS never starts an audit by phone call. So, thinking I was outsmarting the caller, I asked for their name and what IRS office they were working out of. I told them I'd call them back. + +Welp, much to my disappointment, I called my local IRS office, asked for the auditor, and was connected to the same person. + +The auditor said they are under deadlines to get audits completed and that normally I would have received a certified letter first. + +I thought I would just post this as an FYI. I'd hate to see someone cursing out the caller only to realize they just offended the actual IRS. On the other hand though, I've received far more scam calls from people saying they are the IRS than I have from the actual IRS. I would at a minimum recommend doing what I did- take their name and call them back after looking up the IRS contact info for your local office online. +Looking to do my first flip soon and wondering why people don't just get business card with a 25k or more limit with 16 months (or more) to pay off. + +Why would you borrow money at 8-12% interest when a credit card will give you it for free? Isn't that half the reason for a business card? + +Even besides credit cards, if you're gonna buy appliances or other big purchases, most stores have payment plans. + +Yeah its bad to have various payments for a lot of ways, but if you're going to refinance the money out anyway in a few months.... why not? +Most brokers require a 300% margin for short positions on $GME. So…this must mean the “critical margin line” or “line of hedgies nightmares” for the majority of shorts is currently $49.38 (or 3x $16.46); here, short positions at this entry price begin to be LIQUIDATED! OnAugust 8th, @9:42 am $GME peaked at $48.00. Update the Dorito of Doom! 😂 +APES. It has been a very good week. Don't let anyone try to tell you otherwise. Barely a week ago we were fighting for $180, now we have rock solid support at $245-250. It is all spelled out in black and white (green and red?) on the month-long chart: we are winning this battle. + +I don't know about you but it has been quite a journey to get this far. Lots of twists and turns and emotions. Even though we are not finished by a long shot, I thought this weekend might be a good time to step back and take stock of where we have been, to get a clearer view of where we are going. So, tonight I am going to peel back the layers to a tweet by Michael Burry from back in the beginning of the GME craziness. The seeds of the ending are right there in the beginning, if you look in the right place. So grab your Friday evening beverage of choice, and lets do some looking together, shall we? + +**Michael Burry** + +I like to think of Michael Burry as the original GME ape. Now, I say that of course with all due respect to our boy DFV, whom I have grown surprisingly fond of for a dude I haven't met, and whom I would love to buy a beer when this is all said and done (DFV, in the incredibly unlikely event you are reading these musings of a smooth brain, hiya bud 👋 cheers 🍻 to seeing you back on twitter this week, you cool cat). DFV actually testified in his testimony to Congress back in February that it was (in part) Michael Burry's public interest in GameStop that triggered him to take a deeper look. And if you take a look at Burry's letter to the GME board in August 2019, he makes many of the same points that DFV and even Ryan Cohen have brought up at different points (for example: new console cycle leading to stronger earnings in late 2020-early 2021; massively over-shorted stock that the Board of Directors can and should do something about; and that GameStop at the time was squandering a golden opportunity to develop a new business model based on e-commerce - Burry specifically mentions Twitch and GameSparks being bought by Amazon as missed opportunities - and that if they learned their lesson and made some key changes there was a chance for a big turnaround). + +We all know what happened from there. DFV invested in GME starting in June 2019. He and the WSB retards had some fun with it during the pandemic. A lot of people made fun of him and then deleted their accounts like a month later out of shame. Lol. In late 2020, Ryan Cohen wrote his letter to the board and things got weird. Burry sold his GME position at the end of 2020 for serious profit (GME's price already was up 400-500% from the time when Burry opened his position), just before GME had a lil' mini squeeze in January (sidenote: Burry did NOT paperhands. As manager of a fund, he has a fiduciary responsibility to his investors. He can't sit around waiting for a short squeeze. If you seriously question the diamond hands on that silverback, watch The Big Short again. You must not have paid attention. My man HODL'd in the face of so much stress leading up to 2008 that he almost needed part of his intestine removed. Oh, and if you haven't seen The Big Short... 😑... we'll talk more about that in a moment). + +Even though Burry closed his GME position, he didn't just stop talking about it. Not by a long shot. + +**"Building You Staircases and Knocking Castles Down"** + +Read this tweet. No, seriously, go ahead. I'll wait. + +[🤑🤯](https://preview.redd.it/r9cnzt4sdc371.png?width=960&format=png&auto=webp&s=b2e08f32a36128bf71dc67a2a538ae9a6c0fb276) + +I think about this tweet almost every day. To fully appreciate the impact it had on me, the best I can do is to put you back to where we were and how we felt that day. It was tweeted at market close on Thursday, February 4th (the twitter timestamp says February 5th - this screencap is not my own, but I assume the person who took it was not in a U.S. time zone given the time and the commands being written in Swedish). The January mini squeeze happened the week before and we ended that Friday at $325. Pretty good considering we had just witnessed the worst market manipulation in multiple lifetimes. But then the following Monday, Feb. 1st, GME fell precipitously. It dropped $100 on Monday. Tuesday was worse, down about $150. Pretty dark times. I myself had just YOLO'd my savings into GME the day after Robinhood shut down trading, and was gutted to see losses of over 30% on my first full day as a stock trader. I was a lurker on WSB at the week of the spike, but that first week of February there were times where I was tempted to wonder if I had unwittingly stumbled into an echo chamber of cultists. WSB was suddenly filled to the brim with trolls calling people bagholders. Even among the true apes in WSB at the time, the general sentiment was some version of "I'm with you to the end... but I would be lying if I said I'm not nervous." + +And then Michael Burry tweeted this. + +I first saw it on the evening of Friday Feb. 5th -- a snowy, cold, and dark winter evening where I live. Someone on WSB posted it, just as I was settling in to watch The Big Short for the first time. Apes, I wish I could put into words the level of mind-blown I experienced when I realized after just a few minutes into the movie that the dude Christian Bale was playing was the same dude that, earlier that very same day, tweeted about big money building us staircases via GME. I literally had to put the movie on pause for 10 minutes, reread the tweet, and then paced around my apartment with my mouth open, all the while turning these words over and over in my mind: + +"building you staircases and knocking castles down... building you staircases and knocking castles down." + +HO. LY. 💩 + +At the time of course, we knew there was big money involved in GME -- but not necessarily on the long side. We had thought (or, more accurately, the media had portrayed) that it was a few million retail traders vs. Wall Street. But Burry clearly knew otherwise and, in his usual obscure tweet style, danced around the subject *just* *close enough* to throw your mind into a tizzy. + +So the stock Burry compares GME to is a biotech stock. I won't mention it by name, because it isn't important to me right now, except for how it impacts GME (although, granted, it is on my list for stocks to invest in with MOASS tendies, for one big reason I will get into below). Instead I will refer to it simply as \[biotech\]. + +Let's take a look at the price chart, 6-month view, with the cursor over the day in question. + +[\[Biotech\] 6-month](https://preview.redd.it/1qckf0u8mc371.png?width=3077&format=png&auto=webp&s=e187d04240a23db89f56276ff81b9c9ebdbef7e4) + +&#x200B; + +[GME 6-month](https://preview.redd.it/dg7pjzdbmc371.png?width=3081&format=png&auto=webp&s=d646c2265393ad3dfbdd930cbfb4f39ecfd82d2b) + +Now, when you look at \[biotech\], you might see the big spike and think it looks just like GME or the movie theater stock. We all could probably recognize the GME 6-month chart instinctually at this point, without any numbers or labels. But look closer. The big spike you see on \[biotech\] occurs on February 2nd and 3rd. GME had already more or less finished its freefall from $483 to $40 when \[biotech\] was spiking. So why did \[biotech\] do almost +300% in two days? + +[Interim Analysis Results](https://preview.redd.it/7nub2o3mic371.png?width=3793&format=png&auto=webp&s=fc1b63c3e20f4b699cf43264e28d59eef92c76c9) + +This is why. They announced on February 2nd they have a drug that is a gamechanger in Alzheimer's treatment. As someone who lost a grandmother to Alzheimer's and remembers how disturbing it was, I consider this borderline miraculous. The interim results of this drug show 98% efficacy and improvements in behavior, cognition, and memory. Yup, that would certainly account for the price tripling in 48 hours. + +But it doesn't explain why it would then get cut in half over the next 48 hours. As we have seen with GME, price action on good news can last for months. Look up the price action on any of the companies that have produced COVID vaccines for even better examples. So why did \[biotech\] have a meme-like spike? + +**#BigMoney** + +Let's look at something else. One of the first things I tend to look into on a new stock is who has skin in the game. So here we go. \[Biotech\] institutional ownership. + +[\[Biotech\] Institutional Ownership](https://preview.redd.it/ncqoqesvlc371.png?width=1848&format=png&auto=webp&s=b4ee1f928c026481095c5cb17a9c69b8d3237c30) + +Did you see it? + +[🤔](https://preview.redd.it/j9nha0l3mc371.jpg?width=1848&format=pjpg&auto=webp&s=8de0087e483dd8d597da5c4889175cd3512e3c13) + +Hmmmm... + +So BlackRock, our mythical GME long whale, is also the largest institutional holder of \[biotech\]. Interesting. But that's not all. Susquehanna International is also in the top 10, a noted GME shortie (some would even put them in the top 3 with Citadel and Melvin). Pretty sus if u ask me. Insert \[FuturamaSquintyEyes.gif.\] + +And yep, sure enough, there's our boy Kenny (sidenote: I will never insult the real "Let's have some Sax" Kenny G by calling Ken Griffin that. Nope. Won't do it! As he said himself, "there's only one Kenny G, and it ain't you!!") + +BlackRock owns 2,404,922 million shares, or about 6% of the company. I am comfortable saying that is a long position. By my count there are only three other institutional holders that have more than half a million shares. + +Susquehanna owns 367,827 shares. They also own calls and puts. I don't have the paid version of Fintel so I can't see exactly the ratio of calls to puts. They might be long, they might be short. + +But Kenny boy on the other hand... according to everything I have found, Citadel is only net long on like 6 stocks, and they are all big tech and "blue-chip" stocks (Microsoft, Amazon, Netflix, Facebook, VISA, possibly NVIDIA and AMD,). So if Citadel has a position in \[biotech\], you better believe it is as a hedge against a net short position. + +Let's go back to February 4th. On that day, both GME and \[biotech\] actually started to find support after their respective freefalls - GME in the $40-$50 range, as we all remember. My (not necessarily chronological) step-by-step explanation for what led up to the events of this day are as follows: + +&#x200B; + +1. Citadel (and possibly Susquehanna) shorted both GME and \[biotech\]. +2. BlackRock went long on both GME and \[biotech\]. +3. GME spiked as retail trading, media coverage, and FTDs spilling out converged perfectly to slaughter 🌈🐻 +4. A couple of days later, \[biotech\] spiked on the news of the interim results of their Alzheimer's treatment. +5. Citadel didn't like that. So they shorted \[biotech\] back down to size as much as possible (smh). +6. On February 4th, BlackRock stepped in and said "enough is enough," and provided support for both GME and \[biotech\]. They ultimately stabilized, but the algorithms of the same two institutions fighting back and forth over the prices led to nearly identical charts. + +&#x200B; + +So you see, the day Michael Burry tweeted this, February 4th, was really a perfect storm - a glitch in the simulation - that tipped Michael Burry off to something going on under the hood. Two financial behemoths - BlackRock on one side, Citadel on the other - dueling over stocks in *completely different sectors,* after they had spiked within days of each other, for *completely different reasons*. BlackRock, our GME long whale, apparently won that day, as they managed to stabilize the prices of both stocks well above their initial price before their spike. And, if you look at the months since then on the 6-month chart, I think it is clear who is winning still. + +**My main takeaways from this exercise:** + +1. **I cannot possibly fathom how someone as smart as our boy Kenny would think that a short position on almost every stock in existence is a viable financial strategy. Well, actually, that's not entirely true. I have** ***one*** **idea why he might, but it is a reason that is equal parts sad and degenerate. Maybe the subject for a future DD.** +2. E**very time I, or any one of you beautiful apes, pulls on a loose string in the GME situation, somehow it always seems to lead back to BlackRock.** +3. **Put yourself in Burry's shoes for a moment. If you were as smart as him, manager of a hedge fund, who had been investigated by the SEC and the FBI multiple times due to 2008, had just made serious money off of GameStop in the January runup, and you still knew GME was going to squeeze, what would you do? Would you say or do anything about it? Because I wouldn't. In fact, I probably would close my position (at least my public position) as soon as possible to show I have no "skin in the game" for fear of being investigated again for market manipulation. And then I would probably find a sneaky and indirect way on social media to tip people off that it is still going to squeeze. Like tweeting about staircases being built and castles being knocked down.** +4. **When I first started this I was seriously hoping to learn some stuff from Burry. Now that I have finished, I am just left with a headache and wondering how anyone could ever have that many wrinkles. Wut.** + +&#x200B; + +**TADR: Michael Burry smart ape. Silverback. Looooooots and lots of wrinkles. He said GME go brrrrrr 🚀🚀🚀 even when it looked darkest.** + +HODL my beautiful fellow apes. + +If you made it to the end, good job monke. Here, have a banana 🍌 + +Not financial advice. I literally can't tell my own rear end from a coconut FYI. + +P.S. There are plenty more tweets and things that Burry has said and done that could be looked at under the microscope. I am doing this mostly as an exercise for myself to try and learn at the feet of a master. If this kind of thing interests enough apes I could do more of them going forward. + +**EDIT June 7th: APES. I got the ping on my phone this afternoon that this post is still getting upvotes and awards, 3 full days after I posted. It is over 5k now. It might not seem like much but I am tremendously honored and thankful for everyone reading this and giving it traction. I have never had a post get visibility quite like this, so thank you 🙏❤** + +**Also, I wanted to tidy up a few things, and to in turn give visibility to some really great points that commenters made below (I know I am going to miss some people if I try to tag usernames, so for now I will leave that out of it. But your wrinkly insights deserve to be highlighted here for all to see).** + +\-As a couple of people pointed out, Michael Burry actually closed his position in GME *before* the runup in January, not during it. The post has been edited to show that :) + +\-Just to make it fully explicit in case the analogy is lost on people (I am thinking especially of our fellow apes who might not speak English as a first language, to whom these images might be a little more obscure): + +**Staircases**, on the simplest level, are built to allow someone to ascend from a lower level to a higher level. So big money building us staircases via GME squeezing is simply them giving us the means to ascend from a lower state (poor, marginalized, and with the entire stock market stacked against us) to a higher state (rich, with all kinds of resources, and the ability to reform the markets to be more fair for everyone/ true to their purpose). + +**Castles** are a symbol of power, wealth, and tactical superiority. Historically they were fortresses, often built up on a hill or a mountain so that invaders would be thoroughly exhausted by the time they get to the front gate (if they even got that far). They had all sorts of tactical advantages like thick walls, ramparts and turrets for archers, moats that could only be crossed by a drawbridge, perches where burning hot oil could be poured down on invaders, and multiple layers soldiers and walls inside if you managed to breach the gate. Big money knocking castles down means offering us the most powerful of tactical support (whether out of convenience or out of kindness, it doesn't matter). They are quite literally taking care of the hardest obstacle for us. But we need to **hold** the line (heh, see what I did there?) so that the enemy doesn't have any alternate means of escape. Oh, and by the way... guess what another name for a castle or a fortress is? A *citadel*. 🤯😳 + +\-The phrase "building you staircases and knocking castles down" was taken from a song, "The Big Money," by Rush. Burry actually tweeted about it a couple of days before the February 4th tweet, so he obviously had it on the mind. I knew about it before I posted, but declined to include the entire song originally because I didn't want this to be too long. But some apes have mentioned that the rest of the lyrics have some other interesting things going on that definitely apply to us today, and I fully agree. So here they are in their entirety: + +"The Big Money" + +by Rush + + + +Big money goes around the world +Big money underground +Big money got a mighty voice +Big money make no sound +Big money pull a million strings +Big money hold the prize +Big money weave a mighty web +Big money draw the flies + +*Sometimes pushing people around* +*Sometimes pulling out the rug* +*Sometimes pushing all the buttons* +*Sometimes pulling out the plug* +*It’s the power and the glory* +*It’s a war in paradise* +*It’s a cinderella story* +*On a tumble of the dice* + +Big money goes around the world +Big money take a cruise +Big money leave a mighty wake +Big money leave a bruise +Big money make a million dreams +Big money spin big deals +Big money make a mighty head +Big money spin big wheels + +*Sometimes building ivory towers* +*Sometimes knocking castles down* +*Sometimes building you a stairway —* +*Lock you underground* +*It’s that old-time religion* +*it’s the kingdom they would rule* +*It’s the fool on television* +*Getting paid to play the fool* + +Big money goes around the world +Big money give and take +Big money done a power of good +Big money make mistakes +Big money got a heavy hand +Big money take control +Big money got a mean streak +Big money got no soul… +I am 24 and have been trading stocks for 2.5 years now. I made well from buying puts back in February and then reinvesting that money back into market. I know that was lucky and don't expect to make that again. + +My question is for people who had primarily traded stocks for years before buying real estate investments. Was it to diversity?, Get away from market volatility? or something else? + +I currently own no major assets aside from an 8 year old pickup truck. I was wanting to buy property for myself, but I hate the idea of giving up capital right now with no return. I have been looking into some multi-families to buy to at least have cash-flow, but even then giving up capital significantly hurts my buying power in the market. I'm just wondering how others came to their decision to move most of their money from market to real estate. + +PS. I understand stock Market is risky and majority people don't recommend "day trading." + +edit: People seem to be confused about my wording. Yes I am talking about investment property. I brought up personal property because I had originally decided against buying something strictly for myself because I didn't want to give up majority of my capital at this moment. Sorry for the confusion. +[GME 4:1 Stock Split (in the form of a dividend!) | Everything you need to know!](https://www.reddit.com/r/Superstonk/comments/vtvbl8/gme_41_stock_split_in_the_form_of_a_dividend/) + +[Diamantenhände 💎👐 German market is open 🇩🇪](https://www.reddit.com/r/Superstonk/comments/w52sxo/diamantenh%C3%A4nde_german_market_is_open/?utm_medium=android_app&utm_source=share) + +\------------------------------------------------------------------------------------- + +We 100% get the excitement. Logging into CS and seeing that I am personally a X,XXX holder was a breathtaking moment but right now the sub is literally FLOODED with "I got my shares" posts. I am working on mass removals right now in order to make room for NEWS, MAJOR GLITCHES/ERRORS and USEFUL information. Partial fills and non updated prices are not news. Give it time. + +I don't mean to be a party pooper but please refrain from just sharing the fact that you got your shares for now. Make room for information discovery. This is an evolving situation and I will do my best to keep everyone updated. Back to purging new. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Update 1:** Lots of people in CS have gotten all their shares. some have partial splividend. Give it time and lets see how it works. Current theory is it is going in order of account creation. + +**Update 2:** Please spread the word for people to move to megathread. This makes an RC tweet look like nothing. I have never removed so many reposts. + +**Update 3:** Looks like most book shares have gotten dividend at this point but plan shares have not. + +**Update 4:** Top level comment authors. please help by editing your comment with new info to spread it. + +**Update 5:** lots of reports of partial dividend adjustments like getting 4x shares but price not being .25x and vice versa. Expect errors and fuckery. Situation is evolving + +**Update 6:** German market here [https://www.ls-tc.de/en/stock/gamestop-aktie](https://www.ls-tc.de/en/stock/gamestop-aktie) + +**Update 7:** Big brokers like Fidelity showing dividend shares + +**Update 8:** [Diamantenhände 💎👐 German market is open 🇩🇪](https://www.reddit.com/r/Superstonk/comments/w52sxo/diamantenh%C3%A4nde_german_market_is_open/?utm_medium=android_app&utm_source=share) + +Update 9: For those with questions on how the DRS bot works with the splividend [DRSBOT and the SPLIVIDEND](https://www.reddit.com/r/Superstonk/comments/w4mywr/drsbot_and_the_splividend/) + +**Market Open Update:** Lots of volume, lots of glitches. Thank you to everyone who helped direct people here. We will work on a more robust megathread and keep you updated. Until then do what you do best and contribute to the conversation. + +\------------------------------------------------------------------------------------- + +# For now feel free to comment here if you just wanna celebrate. Please upvote or tag me in anything really important and I will add it to the post. +Interested to hear what are your “must haves” in your dream home? Obviously no wrong answers here - it’s all personal preference! + +Could be a location area (eg. beach views) or a specific feature of the house itself. Some examples: kitchen with an island bench? big backyard or a veggie patch? A man cave? Walk in wardrobe? A pool? + +Share what features you personally prioritise when looking for a home! (Preferably something that’s part of the house, not a piece of furniture you add to it) + +EDIT: you all have such fabulous ideas and wants and needs! I hope you all get your dream one day! +Today at great risk to my life, sanity and internal organs I met u/letsburn00 the mod. I survived with only minor psychological problems, all of my organs and 3 complete testicles. I attribute my success to misdirection, min maxing stats and copious amounts of personal lubrication. Ask me anything. +**TL;DR: There's reason to believe that not only were media outlets and journalists paid to bash GME and publish anti-GME articles, but (at least some) YouTubers were also part of the web of corruption, taking in undisclosed sponsorships/jobs in return for helping SHFs targeting a takedown of GameStop as part of a short and distort scheme.** + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +I want to discuss something that's been on my mind for a while: [YouTubers bashing GameStop](https://imgur.com/a/KyPR7gy). + +If you search up "GameStop" on YouTube and scroll down, you might find some YouTubers consistently bashing GameStop to the point of suspicion. + +Here's some examples of what I'm talking about: + +https://preview.redd.it/m0mbe7z6pb1a1.png?width=509&format=png&auto=webp&s=447fe9b4c945d474bc3026ca6135c6e60acca04d + +https://preview.redd.it/b1ocisj8pb1a1.png?width=701&format=png&auto=webp&s=384510410cf9d7d30e2dbc7ecb28a233b7647e29 + +When I see dedicated attacks like these on GME by the same YouTubers, I have to wonder if there are financial incentives behind making these specific types of videos that we don't know about. + +For instance, Cheryl Wischover from [Vox](https://www.vox.com/2018/8/31/17801182/beauty-influencers-pay-negative-reviews) reported that there's brands out there that do pay influences to bash competitors (same method could be applied by a hedge fund to a company they're shorting): + +https://preview.redd.it/67wxdn0apb1a1.png?width=1149&format=png&auto=webp&s=e64b5b7b7f84910b134e939fd2f456ef96c90ec0 + +So, we do know that this stuff actually happens irl. + +Upon further research, I also found an [alleged confession from a paid shill as far back as 2007](https://www.investorvillage.com/smbd.asp?mb=445&mn=25514&pt=msg&mid=1288319), who was paid to artificially create negative sentiment towards other companies, so this has possibly been happening as early as the 2000's. + +https://preview.redd.it/2babfr8bpb1a1.png?width=959&format=png&auto=webp&s=4d379117c388a3115b3c0a9f35dcd2264b411c0b + +I can't confirm if that post is true, but the fact of paid bashers being a widely discussed topic as far back as the 2000's intrigues me. It's not improbable that this was happening back then, because these would be very effective methods in facilitating pump and dump schemes, as well as short and distort schemes. + +Just a few years ago, a [YouTuber](https://www.youtube.com/watch?v=rkl39ppvTGg&t=0s&ab_channel=ValueInvestingwithSvenCarlin%2CPh.D) exposed a company trying to recruit him as a shill to facilitate pump and dumps, which also exposed a long line of many other YouTubers that actually took the money and kept quiet. + +https://reddit.com/link/z137ou/video/tzgtgxzxpb1a1/player + +So, it seems that only a tiny fraction of people that encounter these recruiters will come out, be honest, and help expose them. + +If it's happening to help long investors pump stocks, then the converse is likely to be true; it could be used as a means to help short investors tank a stock, and profit greatly as a result. + +For those of you that don't know, Ape "[pinkcatsonacid](https://www.reddit.com/r/Superstonk/comments/msdr64/yall_wanted_proof_here_is_the_first_60_seconds_of/)" recorded a phone call with a shill recruiter last year that tried to get her to make artificial DD posts on SuperStonk (distraction DD posts, in particular). + +https://reddit.com/link/z137ou/video/jx7i6zftpb1a1/player + +While I haven't seen a lot of shill recruiter activity recently, there were tons of reports last year of shill recruiters trying to get Apes to mislead the community with artificial DD posts, some trying to distribute negative DD, others trying to facilitate pump and dumps to rug pull options traders. + +A media company actually did reach out to me in June last year. They were talking about how they were going to give me assigned DD posts that I could slightly alter to make it fit more with the community, but the DD was going to look bullish and promote a "date". I deduced that, on that date, or as we got closer to that date, the price of the stock would tank, and whoever was paying these 3rd party companies to recruit shills was making money off options traders being influenced by the DD posts thinking something was gonna happen on that particular date, going heavy in calls, only to get swept under the rug when nothing happened. + +They wanted me to post on a few subs, including this one. I asked the recruiter for an example of what he wanted me to post, and the example he gave me was about promoting July 14, 2021 as "the MOASS date". I kept that information to myself for a long time, even when I exposed them, because I thought if I brought it up, it'd be FUDdy. When I exposed them last year, I received DMs threatening me to delete the post or I'd get sued or some shit. Some meltdowners told me it was a prank and to delete the post, and I was honestly getting 2nd thoughts, because I wasn't sure if it was 100% legit anymore. But, sure enough the stock tanked hard as it approached July 14. Nothing happened on that very anticipated date. Everyone that bought call options expecting MOASS got rekt. Ever since then, I became very skeptical about date hype posts, especially from YouTubers like the pickleboy that consistently spit them out. + +But, I digress. It is very much possible that they have both shills outright bashing GME as well as plants inside the community causing harm from the inside by promoting misleading DD posts that just hype dates. + +As for the YouTubers outright bashing GME, the oldest videos of the YouTubers consistently bashing GME were from 10 years ago, which was still *after* Citadel began shorting GME. + +For those of you that don't know when Citadel started shorting GME, Ape "Freadom6" makes a very convincing argument for why Citadel began shorting GameStop around the end of 2008, in his DD "[Citadel Used 2008 Bailout Money to Begin the GME Shorting Saga](https://www.reddit.com/r/Superstonk/comments/oq7rqi/citadel_used_2008_bailout_money_to_begin_the_gme/)". + +Basically, Citadel got bailed out in 2008, started significantly engaging with GME calls/puts (which we know can be combined to create synthetic short positions), all while the short interest concurrently increased, which leads me to believe that around that time is when Citadel began shorting GME. + +https://preview.redd.it/7ujod3d2qb1a1.png?width=765&format=png&auto=webp&s=01c2bb7d0990c253636b1b4a2dd5e4889e924602 + +However, Citadel didn't do as good of a job shorting GME in the beginning. It wasn't until 2016 when they became GME's designated market maker, when they actually were able to consistently tank GME hard. So, now you know the magic trick. + +https://preview.redd.it/cywiiyj3qb1a1.png?width=743&format=png&auto=webp&s=f84a1d9becd7dc2fe6db8401a8dd010323884dd0 + +That being said, I'm sure from 2009 and on, they were looking for a variety of ways to short GME. And if shills were active as early as the 2000's, then it's entirely possible that Citadel has had 3rd party companies pay YouTubers to bash GameStop since the early 2010's. + +I can't prove it, as these types of back-end deals rarely go disclosed, but I am fairly confident it has been and is still happening. This shit isn't limited to Jim Cramer and MarketWatch. The web runs much deeper than that. + +So, what can we do with this information? Well, we can stay vigilant, percolate the genuine DD from the misleading DD that has no substance except date hyping/options promoting. Furthermore, take this as a sign you're in the right stock. Countless articles, media outlets, and paid professional shills attacking GME over the course of years doesn't tell me that GME is a bad stock—it tells me that GME is a legitimate threat to SHFs, and they've been desperately trying to shut the lid on it to no avail. + +Not many Apes know this, but GME was trading above $10 in 2007 (over $40 pre-split), which, if adjusted for inflation, would equate to over $14 (nearly $60 pre-split). That was *all* the way back in 2007. There was no Ryan Cohen, no DFV, no 58% of the free float DRS'ed. Right now, GME is not even twice the amount it was in 2007. There was no short squeeze in 2021; that was just a run up. We never had a legitimate short squeeze. The fact that we had TONS of documentaries and bullshit movies trying to act like the short squeeze happened is further sign that SHFs really want Apes to believe that shorts closed, and to forget about GME. Are Apes going to forget about GME? Hell no. We all know SHFs are trapped, and DRS will finish what they started. Time is on our side, not on theirs. 🦍🟣🦍 +"The special dividend will be payable July 9 to stockholders of record at the close of business on June 25, the company said." + +https://www.marketwatch.com/story/retailer-tilly-s-declares-special-dividend-of-1-per-share-271623272637 + +If you chase special dividends, there you go! +Edit: Everyone, I know PLTR isn’t renewable. Sorry for the poor phrasing. So I will ask here, in ADDITION to all of the companies I’m high on listed below, I would like your opinions on PLTR. If you don’t have one, that’s cool too. Not trying to mislead anyone like I was accused of. + +I like Lithium America (LAC), iShares Global Clean Energy ETF (ICLN), and Novus (NOVS) which will soon become AppHarvest, possibly the future of North American agriculture. + +I’ve been doing my research lately and just bought 100 shares of each. Not the biggest investment in the world but not small by any means. I’m big on anything renewable and have no problem playing the long-term game. I actually prefer it. + +How do you all feel about these? + +Also, additional opinions I would love from any of you would be your thoughts on Sunrun (RUN), Canadian Solar (CSIQ), and First Trust Global Wind Energy ETF (FAN). I am very high on all of these over the next 5 years. + +Thanks in advance, and I’m still learning along with everyone else. Warren Buffett said, invest in what you know, and it’s better to get a good company at an okay price, than an okay company at a good price. I’m less concerned about the week to week or month to month, and more so confident in renewable energy taking over during the next decade. It’s not a matter of opinion, and it’s not if, but when! + +Thanks all and Happy Holidays and Happy New Year. +I enjoyed the whole banner contest, and then the Lego thing. +I also enjoyed as everything went to gray... but I'd like to see things switch back to color. + +Maybe it is time to switch to an alternate logo/banner as well. The whole crayon cocaine thing has been fun, but I suspect anyone 'new' discovering this sub (and dare say--older) may immediately question their arrival. + +It would be nice to add newer Apes and retail to the cause. +I think some of the banner contest runner ups should get a shot at the top. +So I just finished watching The Wall Street Conspiracy and I decided I wanted to dig a bit deeper to understand how naked short selling works. I highly suggest you watch the documentary as I found it really helpful to understand how hedge funds attack companies to achieve the Bankruptcy Jackpot. Link [https://www.youtube.com/watch?v=Kpyhnmd-ZbU&amp;ab\_channel=Alven1111](https://www.youtube.com/watch?v=Kpyhnmd-ZbU&amp;ab_channel=Alven1111) + +While digging around I found this article from 2008 (I know it's a bit out of date) and it blew me away. I have highlighted a few segments which I found helpful but I suggest you go and read the whole thing as it does a great job of explaining how Citadel can get away with naked short selling using the NSCC and the CNS system and how they can hide FTD data. + +First things first. I don't write DD so smart apes please correct any mistakes I make as i'm learning as I go. I've pasted snippets that i highlighted as I read to keep the post a bit shorter but check the PDF document link if you want the whole article. I'm just going to make comments on what I found and hopefully smarter apes can run with it... + +**TLDR: READ THE ARTICLE. It's a quick read I promise. The FTD data is hidden deep in the CNS system and what is getting reported to the DTC is only the tip of the iceberg. I suspect FTD's are being cycled using Dark Pools due to the high amount of float being traded in them. The NSCC is allowing FTD's to remain open with no consequence to the short seller. Shorts are also using DTC brokerage share pools to cover.** + +https://preview.redd.it/264c5jl8bxu61.png?width=426&amp;format=png&amp;auto=webp&amp;s=1d7a13aa7229d5fd4369d81f5280b056fd519e4f + +So we have known this for a while that Market Makers don't have to actually locate a share to borrow and there doesn't seem to be any real way to know what Bona-Fide activities are. + +&amp;#x200B; + +https://preview.redd.it/k2ysozilbxu61.png?width=398&amp;format=png&amp;auto=webp&amp;s=d8786b8258fb0c0ee3bdf766dd9437ebcc76a5ea + +https://preview.redd.it/q5wwe9fecxu61.png?width=385&amp;format=png&amp;auto=webp&amp;s=3f6e7b9b06fe8260a5eecb8b6eeb4875616a0801 + +So 52% FTD in 2003 and they were only forced to buy in 0.12% of the time (remember this number). Wtf is happening here. Also god knows how much worse this has gotten 17 years later. I don't know much about options but I remember Melvin had a huge Put position on GME. + +&amp;#x200B; + +[I believe the T+3 is out of date and it's now T+2](https://preview.redd.it/fjhow3lkcxu61.png?width=733&amp;format=png&amp;auto=webp&amp;s=8db102a7ad5b736e054ac0bb8ae626357b02eabc) + +&amp;#x200B; + +https://preview.redd.it/8qqb1stncxu61.png?width=372&amp;format=png&amp;auto=webp&amp;s=f2b549715172fc8f41d0d9c46f5a463a15cd5eb9 + +Ok so here's where it gets a bit funky. The DTC just has a number of shares that your brokerage is entitled to on record. They don't know who owns the shares, that's the broker's job to keep track of. + +So Citadel spends all day fucking about with shorts and what not and at the end of the day, as long as the net position is 0, the NSCC is happy! But if you can't net 0 then you will be hit with a FTD. Which is really bad...except it doesn't matter unless the long side of the trade requests a buy in. If they don't, GREAT! Just put it over there with the rest of the FTD's. But when your trading amongst your buddies, are you really going to rat on them to the NSCC? + +But fear not because the DTC has a cool little feature where you can borrow stock from the SBP to cover your FTD! It's easy really. The DTC says fuck me there's a huge pile of shares her allocated to this brokerage who are part of the SBP. Just take a few of those, we don't even know who really owns them to be honest. Congratulations! You just used 1 credit card to pay for another credit card and cleared your FTD. (These are the ones we actually get data on BTW) + +&amp;#x200B; + +https://preview.redd.it/p4f2a5ckhxu61.png?width=723&amp;format=png&amp;auto=webp&amp;s=a6e7e1aaccc58ea8e3ecee74733b2d7a9a603361 + +Ok ok I was getting worried but the DTC is all over this shit and will DEMAND you buy in to fix your FTD's. And this will happen 0.12% of the time, every time! + +The latter 2 examples are Exhibits 3C &amp; 3D. So basically your broker has a pool of shares sitting at the DTC which are available to lend and can't tell you if your specific share has been lent. And if it is lent out, there is no limit to how many times it can be lent over and over again. Going back to u/atobitt Everything Short DD, re-hypothecation can be done again and again. The worst part....Citadel doesn't even need to locate a borrow to start this whole chain reaction. + +And if they do this ex clearing or intra broker, they end up net 0 at the end of the day and no FTD's are recorded. What was the dark pool trade data for GME again? 400% of the float or something? + +&amp;#x200B; + +https://preview.redd.it/6h8hncncrxu61.png?width=702&amp;format=png&amp;auto=webp&amp;s=afd75eb6663121aa86b70488ca930d6cc026a6ab + +https://preview.redd.it/w7889qxbjxu61.png?width=723&amp;format=png&amp;auto=webp&amp;s=56e5b26a737121adb05753c0858df40cbb4823f8 + +&amp;#x200B; + +https://preview.redd.it/fyk4rjhelxu61.png?width=732&amp;format=png&amp;auto=webp&amp;s=8d54aff4d121c4d45ef8c47cdbcee4e6389185dc + +The left part is relevant to the upcoming shareholder meeting. it speaks for itself but luckily it's a simple system...just throw away the extras you don't need. + +The right side....Holy shit! The CNS settles 96% of all trades! And if your net 0 for the day, The DTC couldn't give 2 fucks what your doing. They don't even seem to care about the FTD's in the CNS system because unless the member requests a buy in, they don't even want to know about it. How the hell does a company with 1M shares have 27M FTD's?????? + +&amp;#x200B; + +https://preview.redd.it/hkb0qpubnxu61.png?width=738&amp;format=png&amp;auto=webp&amp;s=eed9340db0b79a4f2c42b0fd1f441a697a2fb532 + +Ok last bit. The DTC doesn't know what the fuck is going on as it only gets the daily net report from the NSCC. The brokers and market makers trading in the dark pools are the ONLY ones who know how fucked they are at the end of the day and why would they tell anyone. I see a couple of familiar names in there as well who got in trouble for failing to mark orders correctly as long or short. + +The worst part about this whole thing is that the big boys are fucking around in their bedroom while the Daddy SEC just wants to read the morning Rensole news and drink their coffee in peace. We are like the neighbours banging on the door complaining about the noise and no one is answering. I think we just kick in the door at this point. + +Link to full article + +[https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf](https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf) + +As usual, the real DD will be in the comments so please discuss, correct and criticise! + +*Edit: Thanks for the awards guys. No sure what they do but i'll show my wife and hope she's impressed. I have to go to bed now (2am here) but please post any questions and i'll try and respond tomorrow. 🚀* + +Edit 2: I’ve had a few questions about Rule 204 so I’ll address it here. I don’t want to write the response here as it’s too long. https://imgur.com/gallery/MmmIkaK +Im based in UK. I am the only son to her. + + +So my mum passed away of severe metastatic cancer. It took 3 months of appointments and scans to diagnose her and then finally taking 9 months from diagnosis to death and cremation. + +One month before passing i assisted in taking her personally to the philipinnes where she was originally from so she could stay with her side of the family for her last remaining weeks. + +Having used most of my savings and overdraft to allow this to happen and take care of her. + +Leaving her there and coming back to the UK was difficult to say the least. She raised me by herself here. + +Being 23. I was not prepared financially. I could not spend my time by her side as i had to come back home to UK to pay for house bills etc. + +Anyway this is a background story thats besides my main point..... + + + + +My mum had no assets. Only uncopious amount of credit card debt and overdrafts that was to pay for rent and food whilst she was sick. + +The only physical asset she owned was a car which im using at the moment as my car engine blew up so its my only way to get to work 15 miles away. It was purchased in her name on finance with around £3400 left to pay. + +I dont have money left to pay for lawyers so some advice would be greatly appreciated. + +I am sending death certificates left right and centre to the bank accounts and creditors i know of and the car finance company are looking in the PPI she had which should hopefully clear the debt. + +Do i now own the car? Or is it "part of her estate" which i need to sell and pay off creditors? This means ill be without a car which sucks. I still have to pay back family for cremation and funeral costs. + +What else should i be doing to close up loose ends? + +What else can i do to make sure im not getting flipped over somewhere? + + +I will use the "gov tell us once" service as well. +This is my first DD so if there's room for improvement, I do not mind constructive criticism, but I felt compelled to write this DD due to some confusion on the company and its timelines as well as having the perspective of working in the medical field in order to interpret all the data. + +Obligatory: I am not a financial advisor, these are my thoughts and opinions on the company. + +All this information is freely available online. This is going to get a little bit sciencey, so I will try and include a simpler TLDR at the bottom, and I apologize for the wall of text incoming and any typos. + +Company: Citius Pharmaceuticals ($CTXR) + +Company Vision: + +Citius Pharmaceuticals ($CTXR) is a tiny company ($255 Million Market Cap/ $2.07) designed with a very interesting and potentially lucrative business model. They are focusing on portions of the pharmaceutical industry that have unmet needs, this is potentially lucrative for a few reasons: + +1. Focusing on unmet needs will allow for faster review process/time to market +2. Will create products with no alternatives once products are FDA approved +3. Product effectiveness does not need to be significantly better, only needs to show a statistical difference and be just as safe as current alternatives in order to be brought to market + +This all means that their products will be relatively easy to get through FDA clearance so long as they are safe. I need to add here that their goal is not to make products that will barely be effective, as you will see by how their current product is shaping up. + +So long as some of the products pan out, the company is set to grow in size in the coming years, especially with great leadership. Current CEO and President is Myron Holubiak, who was the former president of Roche Laboratories (current market cap is $282 Billion). The rest of the leadership team is Leonard Mazar, Jaime Bartushak, Myron Czuczman, Gary Talarico, Alan Lader, and Andrew Scott. Between the entire leadership team, they have put $26.5 million of their own money into the company, and insiders hold 22.15% of all available shares. The company/leadership is obviously very optimistic of their future growth, Vanguard has even bought 4% of available shares as of December 30, 2020. + +Products: + +$CTXR has 4 products in the pipeline, they are most commonly known for Mino-Lok, but they are also working on Halo-Lido (CITI-002), Mino-Wrap (CITI-101), and iMSC (CITI-401). The market for Mino-Lok is estimated to be >$1.5 Billion, the market for Halo-Lido is estimated to be >$2 Billion, the market for Mino-Wrap is estimated to be >$400 Million, and the market for iMSC is estimated to be in the multiple billions (their data is unable to give a more specific estimate on this one). Given that everyone reading this is likely here for Mino-Lok, as it’s the furthest in development, and is the medicine likely to propel $CTXR to a billion dollar company, this will be about Mino-Lok. + +Mino-Lok is a unique formulation designed with the intent of treating Central Line Associated Blood Stream Infections (CLABSI). Central Lines/Central Venous Catheters (CVC) are essentially long IV’s that end near the heart in order to ensure critical and hazardous medications are administered properly into the patient's blood stream. CLABSI’s are a staggering issue in the healthcare industry, as there are over 7,000,000 CVC’s used in the US annually and up to 472,000 become infected. The issue with infection is that the standard of care currently is to remove the line and replace it, because there is no way currently to remove the bacteria from the catheter reliably. This is very expensive for the hospital and can cost anywhere from $46,000-$65,000 each time it occurs, the cost comes from the cost of removing and replacing the CVC as well as the cost associated with treating the bloodstream infection caused by the line. Mino-Lok’s unique formulation is made up of three ingredients: Minocycline, EDTA, and 25% ethanol. These three ingredients create a synergistic effect in order to clean/clear a CVC. Bacteria in a CVC cannot be cleaned with antibiotics on their own because bacteria create a biofilm, essentially a protective layer, in order to separate themselves from coming into contact with antibiotics. This is where Mino-Lok comes in; the EDTA and 25% ethanol are able to eradicate the biofilm, allowing the minocycline (a broad spectrum antibiotic) to destroy the bacteria infecting the CVC. + +These CLABSI’s are a significant factor in patient care as getting a CLABSI can increase mortality by 12-25% because CVC’s are most often used in compromised patients. Currently in order to treat the CLABSI the CVC will be removed and replaced and antibiotics will be started on the patient, however CVC’s can often be difficult to get into patients and removing and replacing them has a complication rate of 5-25%. + +Essentially, before Mino-Lok the CVC was a lost cause, the quality of patient care took a significant hit, and the risk to the patient took a significant increase. I am excited about Mino-Lok because it is the first medication that has shown to reliably salvage CVC’s. Mino-Lok is also given for only 2 hours per day over the course of 7 days, is estimated to cost about $1,400 (compared to the $46,000-$65,000 so adoption will be swift), and the results of the phase 2b trial were astounding. Phase 2 trial was designed to compare the safety of Mino-Lok versus the standard of care of removing and replacing. During the trail Mino-Lok significantly outperformed the standard of care; Mino-Lok had a 0% rate of complication vs the 18% rate of remove and replace, 0% rate of relapse for CLABSI vs the 5% rate of remove and replace, and most amazing to me was that Mino-Lok was able to clear 100% of CVC form their infections (this will become more amazing when I dive into the numbers from another studie) And it performed like this with no discernable risk to the patient. + +Phase 3 of Mino-Lok is putting Mino-Lok up against any other antibiotic locking solution that hospitals wish to use. This is the phase that everyone is currently excited about, and caused $CTXR stock price to increase over February to almost $3. The original date for trial completion was February 2021, but due to COVID the trial had a huge slowdown. However people were optimistic that it would be ended early due to positive results so the stock slowly fell back towards $2 when it wasn't ended early in February. $CTXR has had 2 meetings so far from the Dug Management Committee and during both the trial was found to be safe and the company was found to be hitting its milestones. The February meeting was actually done earlier than anticipated, the trial was estimated to be at 75% completion and it seems that was only at about 60-70% completion. I strongly believe this is the only reason the trial was not concluded early. The next committee meeting is scheduled for early April and I feel this one is going to be the one that causes the trial to end early due to positive results. + +Why am I so confident in this? Because I looked at comparable studies and products to determine if Mino-Lok would be able to have overwhelmingly positive results. Firstly, studies have been conducted on antibiotic locking solution alone, and antibiotic plus EDTA formulation. In the study of antibiotic locking solution alone only 41% of patients were able to have their CVC’s cleared, with \~10% suffering severe complications from the bloodstream infection that developed. In the study with antibiotic plus EDTA, it was found again to eradicate biofilms and destroy bacteria but would require 8-12 hours in the CVC instead of the 2 hours required by Mino-Lok. The second reason I’m confident is because the closest thing to a “comparable” medication is Defencath made by CorMedix, so I took a look at their study. The reason I use comparable in quotation is because researching Defencath I learned that this medication is only for use in Hemodialysis catheters (HD catheters), only aimed at prevention not salvaging an infected catheter, and found to be 71% effective. And the most significant factor here is that with these results, their trial was concluded early due to positive results. So let's take a look back at Mino-Lok: this is a medication with no actual competition, is \~100% effective, requires only 2 hours a day for 7 days, actually reduces risk to the patient compared to the standard of care, and the closes “comparable” medication had its trial ended early with positive results at 71% effectiveness. + +Competition: + +$CTXR stands to have no competition with any of its products due to their company’s strategy of filling unmet needs in the pharmaceutical industry. The closest competitor is Defencath by CorMedix, but as I stated it is 71% has only been tested in HD catheters, and its intended use is prevention, not treatment/salvaging catheters. Mino-Lok can be used on HD catheters when Defencath fails, as well as CVC’s when a CLABSI occurs. Per CorMedix’s own data CVC’s are about 3 times more common than HD catheters, and from my anecdotal experience in the medical field this seems about right to me. CorMedix is currently trying to expand Defencath for use in CVC’s as well, but from what I can find they still have yet to even begin a trial so at earliest the competition will be late to market by at least 3 years, and even then the products are intended for different uses. + +Financials: + +Currently $CTXR is operating at a loss because they have no product in the market. And there was some concern that they would run out of cash. However their first product will likely be approved for the market THIS year, and due to $CTXR recent offering in February they now have sufficient cash on hand to last through the rollout of Mino-Lok. + +Price Targets: + +Currently the $CTXR only has two analyst ratings, however they are both a buy, and price targets currently are $4 and $6. I expect these to change drastically once their results are out. I can only speculate what their price will be but looking at market cap between CorMedix (490 Million) and $CTXR (255 Million) the obvious lowball price target is $4, however given that this medication is going to be entering into a >$1.5 Billion market with no competition, 3 other products in the pipeline going into markets with unmet need, and that CVC’s are three times more common than HD catheters, I believe the bare minimum price target for this should be triple Cormedix’s Market Cap or $11.50/share. Once the phase 3 trials are out we are likely going to hit the current analysts price targets, since $CTXR got to 3 dollars on no news at all, which may prompt an update to analysts price targets when the market starts to realize the potential of $CTXR. + +TLDR: + +Citius Pharmaceuticals ($CTXR) small cap company ($255M market cap/$2.07 ). CEO was former president of Roche Labs. Company targeting unmet pharmaceutical needs. 4 products in the pipeline with Mino-Lok likely to come this year, will likely make them a billion dollar company. Product will treat Central line infections without removing central catheter. $>1.5 Billion market, with no competitors. Phase 2b trials had 100% effectiveness and was found to be safer than standard care of removing and replacing central catheter. Phase 3 trials ongoing, early April will be their next review and I believe they will have the trial ended early due to positive results, because the next comparable medication was ended early with 71% effectiveness. Mino-Lok stands to save hospitals about $50,000 per central catheter infection so adoption will be swift. Has no income currently but has enough cash on hand to last until Mino-Lok is on the market. Only two analysts price targets, $4 and $6; will likely get a huge upgrade once phase 3 results are announced. I see this getting to $11.50 this year. + +If you just want to watch a video, I recommend just watching theWalrus Street video, will cover most of what I have here. If anyone wants info on $CTXR’s other products I can add them, that info will be way shorter. Sorry for any typos. + +Sources: + +(theWalrus video below) + +[https://www.youtube.com/watch?v=0QLnBu3a9mc](https://www.youtube.com/watch?v=0QLnBu3a9mc) + +[https://www.citiuspharma.com/wp-content/uploads/2019/05/Salvage-of-catheters-with-MLT-results-of-phase-2-study.pdf?source=content\_type%3Areact%7Cfirst\_level\_url%3Aarticle%7Csection%3Amain\_content%7Cbutton%3Abody\_link](https://www.citiuspharma.com/wp-content/uploads/2019/05/Salvage-of-catheters-with-MLT-results-of-phase-2-study.pdf?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link) + +[https://www.ajkd.org/article/S0272-6386(07)00737-8/fulltext](https://www.ajkd.org/article/S0272-6386(07)00737-8/fulltext) + +(virtual conference below, needs login) + +[https://onlinexperiences.com/Server.nxp](https://onlinexperiences.com/Server.nxp) + +[https://finance.yahoo.com/quote/CTXR/holders?p=CTXR&source=content\_type%3Areact%7Cfirst\_level\_url%3Aarticle%7Csection%3Amain\_content%7Cbutton%3Abody\_link](https://finance.yahoo.com/quote/CTXR/holders?p=CTXR&source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link) + +[https://seekingalpha.com/instablog/50299941-north-shore-research/5557969-ctxr-blockbuster-pharma-still-under-radar](https://seekingalpha.com/instablog/50299941-north-shore-research/5557969-ctxr-blockbuster-pharma-still-under-radar) + +[https://www.cormedix.com/defencath/clinical-trials/](https://www.cormedix.com/defencath/clinical-trials/) + +[http://www.cormedix.com/wp-content/uploads/2020/09/CorMedix-Corporate-Presentation\_9-1-20-vF.pdf](http://www.cormedix.com/wp-content/uploads/2020/09/CorMedix-Corporate-Presentation_9-1-20-vF.pdf) +[https://imgur.com/a/M25N7UM](https://imgur.com/a/M25N7UM) + +I was making some scripts today to simulate various savings plans, and I produced some results that really emphasize the potential impact of lifestyle creep. + +The attached plot is for two different Roth savings scenarios (added a third with a 26% pre-tax savings rate), one where you constantly live off a certain dollar value (adjusted for inflation) and one where you live off a constant percentage of your wage. The two curves both initiate at the same spending rate of $50k/year post tax. In this case there is a pretty massive difference, keeping your lifestyle constant over the years effectively doubles your real rate of return on investment. + +This is assuming linear real wage growth of about 3% above inflation. The simulation computes taxes and spending each year and saves the remaining earnings in monthly transactions, interest and inflation are compounded monthly. + +&#x200B; + +On a side note, this was done with Roth savings simply because there are less variables in the withdrawal tactics and subsequent taxes. Generally a standard IRA / 401k will outperform a Roth for the FI crowd since the yearly withdrawal rates are much lower than previous income, and therefore have more tax savings. Roth certainly has its place, since contributions can be accessed penalty free before standard retirement age. A split distribution and proper timing of traditional account rollovers is definitely the way to go. This is the main topic I was originally interested in investigating, but I digress. +In case you've never heard the expression, it comes from British bombing crews in WWII. With the HUGE uptick in FUD of all manner, if you have any doubts, just remember that they wouldn't talk about us if we weren't relevant. + +They wouldn't have have delayed swaps reporting till 2023 **THE DAY** after it gained traction if there was nothing to it. + +~~They wouldn't have deleted the~~ [DTC VIDEO](https://bafybeib6xbafn75lo5tegbcl2kuoro3ccsgm3umhziaevq3apyf7y56r7u.ipfs.w3s.link/x6rysc_post_superstonk_video.mp4) ~~about the tip of the iceberg of fails vs actual shorts under the water if there wasn't anything to it.~~ edit: apparently the videos still up, I don't know what ape historian was talking about, my bad. [original link](https://www.dtcc.com/dtcc-connection/articles/2022/august/02/improving-settlement-rates-by-ignoring-them) + +They wouldn't file frivolous lawsuits against RC and towel stock executives. + +They wouldn't hire shills to run campaigns against us. + +They wouldn't lie to us about how the Split was delivered. + +They wouldn't work all night. + +They wouldn't borrow $600 million dollars and fly all over gods creation if they weren't in trouble. + +Inumerable other things I missed, they wouldn't bother with us + +#UNLESS WE WERE RIGHT +If you think most people like crypto or at least are neutral and know something about it you have no idea what you talk about. Minority of people know anything about it. + +Check you tube, tik tok, instagram or other social media. But not crypto channels or sites, those are pro crypto bubble, obviously most people there will like it. Check non crypto related ones that randomly mention crypto and you will regret it forever. Knowlege of average person in the internet about crypto is terrifying. Never saw so big amount of ignorance as superstition. Most people think it is fake internet money or biggest scam in history. And those people are not only boomers but millenials or gen z too. + +Main argument is that it is a scam, but ofc no one can logically answer why, they act like medieval peasants toward "witch". No knowledge, just the same emotional repeated lies that crypto is dangerous, people lose money and my "favourite" that everyone should grow up and work in 9-5 instead of wasting money and thinking about getting rich... Obviously anyone who invest and want to be successful is wasting time for those people. It is known internet hate any advices of making money, business or self improvement, but even most people that are seeking for bussines ideas, financial freedom and investing advices hate crypto. + + +Is visiting those places necessary? I think yes. Too many people in crypto space don't understand real situation and are too optimistic. Some truth will be refreshing like bucket of ice on their head. Instead of only spending time in crypto subs or channels you will see reality. Here everything is about crypto, outside not. And even if is usually not friendly at all. I tell it not to complain, get angry or be sad. But to simply understand "the enemy" and stop being ignorant. Nothing better in politics, music or business than meating people that dislike you. To much compliments lead to delusions. Reality check make you improve and become more experienced. +I grew up really poor and moved around a lot. My SO also moved around a ton growing up. At one point he moved seven times in one year. When we got together and became a little more financially stable, we bought a house four years ago and we both finally felt like we had a home. The market and the area we live in is booming like crazy so we’ve been considering selling. 3-4 of our friends have already sold and pocked over 100k. One bought a bigger home, and the others are renting, and waiting for the market to go down. It is an option to have this be our forever home, but the prospect of a lump sum of cash is tempting. + +Should we sell our home and pay off our debts we’ve incurred, then rent or buy? SO is the only one working right now. I go to school and have about $60k saved up, but have credit card debt and student loans. SO has a lot of cc debt. He wants to rent and wait til the market levels off, but I want to pay down half our debt, put some money towards our wedding, then put down for a slightly bigger brand new home, while still saving a small portion to invest in index funds. We do currently rent out our rooms, and would continue to rent out a room or two in our new home to help pay down principle/create a lovely backyard. We did this with our first home to furnish our entire place within the year. What are your thoughts? + +Edit: +Just woke up and trying to read through the comments, which I appreciate everyone’s input. Just for clarification: + +I only have $8 grand in cc debt (zero percent interest from a balance transfer). The rest is $27k in student loans I incurred when I lost my fafsa because I started making money. $11k of it was when I was an 18 year old idiot and used the money unwisely, but stopped going to school when I was 20 to work and buy my current home. 15k I would like to pay ASAP, because it’s unsubsidized loans ranging from 3-5%, but I still get a better return in the stock market, but I don’t wanna pull out money to pay that down. I own my home with my SO so he would get a portion of the profits to pay down his debts as he sees fit. + +The reason i haven’t entirely paid down my debt is because I’m currently laid off and I think cash is king. I can pay my mortgage, which is priority number 1 with cash, but everything else can be bought with a credit card. I will be working in a couple months forsure. My job can usually net between $50-80k if I work full time, but I haven’t been offered a full time position in two years. All in total, my bills are only $950-1050/month. My car has been paid off for two and a half years and I bought he brand new when I was 18, I’ll ride that bitch til It dies. Anything I make more than that pays debt. I use my credit card for travel points so there’s always a rotating balance, but I do want a significant portion paid down. + +Once I start working full time again, I plan on crushing down my credit card debt and student loans within the year, especially if we don’t sell the house for a profit. Unfortunately my ccs have been carrying me, but I didn’t ask to be laid off. And as I’ve stated, you can delay paying off cc complete, but your mortgage needs to be paid with cash. We pay all our bills on time. + +My SO struggled with addiction and racked up ccs without my knowledge. He’s been clean for 2 and a half years and I’m trying to help him dig himself out the hole. He makes anywhere from 40-55k. I handle all the money and try to make 2-3k in payments each month depending on how much he makes. + +12k is in 401k +47k is in index funds/Roth ira + +I rotate with about $3-5k in cash at all times because I don’t want to touch my investments. To clarify, I’m not waiting for the STOCK market to go down, I’m considering waiting for the housing market to level off. I don’t live in California, so it’s not entirely unlikely, but like others have stated, it’s also all speculation. The other option is to sell my current house and buy 5-7 min away from where I currently live to a “cheaper” area but the house is still $350k. And it would be closer to work. We bought our house for $220k brand new from the ground up and still owe $200k. We would net about $130k. Our new house would also be a brand new build. + +We have considered refinancing and taking out a HELOC, but a lump some of cash is just as enticing. It would prolly shave off $2-300 off of our mortgage which is $1550. + +Soooo if we sold I can just pay off the 8k in cc and 15k in student loans, rent in a cheaper area or put down on our forever home. + +Long term: +-Finish school. +-Destination wedding (I know people have strong opinions, but as we get older this may be the last time our friends and family can get together before life takes up all the time). Plus traveling is very important to us. +-stay in current home or buy our next forever home +-keep funding my index funds + +Thanks for all the comments and insights! Going to watch joker right now, but will continue reading the comments when I get a chance. + +Thanks for the my first gold!! +Good Morning everyone! + +I have exactly 34 days until I finish up my contract and I am free! I am moving to Denver, CO for college in the spring but I am a tad worried about housing in the area cause I have no rental history or credit since I purchased my car in cash. + +I'm curious about how hard it will be for me to talk to landlords about a place to rack out. I understand that a lot of transplants go there at a young age and aren't as serious about life at that stage. + +I'm leaving my home state for CO in late September. I also dont know when I should begin talking to landlords. I have heard 30 days out and I've heard 30+ days out. I would stay home for a few months to save cash until then but my house is packed with my two little brothers and my parents. I'll go insane staying there after being independent for the past 4 years. + +Can someone help a brother out? + +Edit: I want to say Thank You to everyone for the bad ass advice and guidance! Im writing all of this down in a notebook to make sure I have everything looked at and covered. Also, Thank You for the gold kind stranger! + +Edit#2: I tried to reply to all the comments! Its a fuck ton, and I dont like being a dick to people who are genuinely trying to help me, If i didn't reply im sorry! All of yall are great! +Amazon is at $89 right now. Amazon was not at $89 per share since March 2020 (it hit $89 the worst day of the COVID free fall). Alphabet is down to $84 per share within the last hour. Alphabet was not down to $84 since October 2020. Maybe not as extreme as the example with Amazon, but hey, 2 years is still a weird time for a company to relapse to those lows. + +There are so many comparisons a person can make today with everything that has happened lately. I won't continue the comparisons with how stock prices reflect now vs 2020 any more, but I will say I think the worst is yet to come and the recession is just beginning. Back to the times of 2008-2009 when you walk through a mall and 1/3 of the stores are suddenly closed for good. Also remember walking with my dad in 2009 (I was only 14 years old in 2009) and we had walked past a TV set a month prior and it was $640 (remember numbers like this because I am high functioning). We came back a month later when the reality of the recession being just much worse than we thought was all coming crashing down. That same $640 valued display now had a price-tag of $228. + +Get ready for this stuff to happen starting very soon. Was just at a casino and it is always busy and loud. There was almost nobody inside the casino this last week. **We are in a recession is the point of this post.** +I wanted to create this post, just to prevent abuse and to clarify a few things. Mostly the essentials for your safety, feel free to ask about other topics in the comments. + +1) NEVER EVER share the 12-word recovery phrase you received at the creation of your wallet. In all honesty, you should probably not keep a digital copy around, but find (or buy) some piece of metal and keep your 12-word recovery phrase (also called a "seed phrase") on there. You ONLY ever want to use those 12 words if you are 100% sure that you want to restore the wallet on a new device. When in doubt, NEVER even type out these words, don't copy/paste them, just keep them non-digital. + + +2) On the flip side, if you want someone to send you anything (coins, tokens, NFT's), you should give them you wallet address. If you look at your GameStop Wallet it should have a number at the top that starts with 0x... and then a little button you can use to copy it. That is your public wallet address, it almost functions like a username. + + +3) Understand that the Ethereum blockchain, and by extension the Loopring L2 is NOT anonymous, but pseudononymous. What does this mean in practice? As long as nobody knows who owns the wallet with your 0x.. address, you can't be linked to your transactions/funds. However, as soon as you (for example) post your wallet address to reddit, EVERYBODY can at that point link your username to your 0x.. wallet address. Add to that the infinite searchability of the blockchain, meaning that every transaction ever is permanently stored and can be recalled as long as the blockchain exists. This means that, if for whatever reason you can be linked to your 0x... address, everyone can at that point instantly find out all of the transactions you ever performed, AND get a very clear understanding of the collection of coins/tokens/NFT's you hold. Even posting a secondary 0x address and transferring between this address and your primary 0x address doesn't help, as the blockchain would clearly show that these two wallets are owned by the same person (due to the number of transactions between them). + + +4) Your coins/tokens/NFT's don't line 'inside' your wallet, they live 'on the blockchain'. Think of your wallet as a way to 'access' them, or as a way to interact with the coins/tokens/NFT's stored on the blockchain for this specific wallet address (another reason why tip 1 is so important). This implies that you should be fairly careful about connecting your Gamestop wallet to any service. What do I mean? When you visit specific websites, you can allow these websites to 'interact' with your wallet app in order to be able to use the DAPP (Decentralized-App) with your wallet. I suspect the Gamestop marketplace will function in that way, but since you are on the ethereum blockchain, your can technically interact with every ethereum dapp. If this is all too much, remember this: whenever any website asks to 'connect' to your wallet (mostly because your wallet app shows a pop-up you can confirm), think really hard if you actually want this. + + +5) This one will be the scariest, but is maybe one of the most important ones. Expect that the device you have the wallet on WILL be under some kind of digital attack eventually. There are loads of malware floating around, tracking devices that interact with crypto related services/websites. What you should watch out for: +- Never click ANY link you don't 100% trust using the device that has your wallet, it's easy to obtain relative control of your device in this way. +- Always doublecheck if you copy-paste 0x addresses if the pasted address is correct. Malware that detects and changes 0x addresses when pasting them is sadly very common, and if you're not extremely careful, you will encounter it eventually. +- Consider using a hardware wallet to setup your Gamestop wallet. Yes, this would involve you setting up a new wallet with the hardware device (e.g., a trezor or a ledger), but after that anyone wanting to interact with your wallet NEEDS access to your hardware device (as long as you don't restore the wallet to a software wallet using the 12 word recovery phrase, see tip 1). + +I hope that these basic safety tips can prevent some people newer to this crypto world from being scammed or losing funds. Keep these in mind, and you'll be absolutely fine! Final tip, DRS your shares!!! +Seeing a few of these, I'm assuming its fine to post these now? + +Portfolio (Feel free to use this as your own): [https://docs.google.com/spreadsheets/d/1ieiTG6wPm38qFzD\_rUgkbBbmwL4h8tVfokdEm25yH\_E/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1ieiTG6wPm38qFzD_rUgkbBbmwL4h8tVfokdEm25yH_E/edit?usp=sharing) + +A bit about myself: + +I'm a 23 year old college student that's heavy in the "FIRE"/Income Strategy.Thanks to my TFSA (Tax-Free-Savings-Account) I can invest a set amount yearly (increases 5 - 6K yearly) completely tax free. If I go over then I'll start to be taxed. But **Dividends DONT COUNT TOWARDS MY LIMIT!** So I can hypothetically max out my TFSA for the year and continue to invest my dividends, while avoiding any penalties. + +So I plan to invest heavily in "income stocks" that have a high yield of 4% - 19%, max out my TFSA completely (I can invest 44K as of right now (As mentioned above this amount increases yearly)) and continue to invest from the large passive income I'll receive on a monthly/weekly basis. + +With this I hope to compound my dividends faster, and, eventually, start working on an extremely "safe" dividend growth portfolio alongside my income one (which I've slowly started) that will be completely funded from my dividends. + +# End Goal: + +The "End Goal" for me is to live off dividends once I turn 45 or 50, till then my only goal is to "get a large amount of dividends safely, but as quick, as possible". Since I'm young I feel fine taking on the risk that comes with higher yielding stocks and feel confident in each ETF, CEF, REIT, and stock I've chosen even with the higher yields. + +I've done this from investing in REITs (SRU-UN, O) +ETFS (ZWC, ZWK, QYLD, TGIF), +CEFs (FAP, EIT.UN), +Penny Stocks (NWX.V (TSX, floater) | NWXPF (American version (WAY more volatile)) +And the "infamous" Canadian Split Corps (DF, DFN, DGS, FFN, FTN) +Hey Apes, if you're unsure of who I am, I'm a guy who tracks the stats of the community as well as other various GME subs and subs across Reddit. As I write this, there are currently 746,546 total members in Superstonk. 5,204 members are online. I've been keeping track of the community stats since May of 2021. This is the lowest I've ever seen in regards to online activity. I won't lie, Sunday nights are historically low in online activity. But the monthly average for the hours of 10:00PM and 12:00AM EST is currently at 10,727. We're sitting at nearly 5k fewer members for the month, and we just had the biggest news drop of the history of the stock, the confirmation of the NFT Marketplace, and 125,000 investors DRSing 8.9 million shares. This should be a huge deal, it should bring people flocking back to the sub right? + +And it did for a little. During earnings last week we had nearly 50,000 back online. But now we're here, at 5,204 online. The truth is, the community numbers have been on a steady decline since June of 2021 in regards to online activity and new members joining per day (check any of my previous posts to verify this). I believe I've finally found the answer to the question I have been asking for nearly a year, "How many bots/shill accounts are in this sub?". My guess is around 350k. Out of 746,546, nearly half are plant accounts. + +So if there are 350k bots, that means there should be nearly 400k members/investors who are DRSing right? I think at one point it was true that there were 400k investors active on this sub. June was the third big wave in six months where GME traded at over $300 a share. SHF's have been chipping away at this last massive cycle for nearly a year now, bringing it down to what it sits at right now, $90. Their strategy of controlled, slow burn, and methodical price movement most likely caused 200k investors to lose interest in the stock causing them to discontinue caring about keeping up on DD from this sub or other GME subs. These people have either paper handed or are still holding their shares in a brokerage account too afraid to sell it because MOASS is tomorrow. + +So that leaves us with 200,000 active investors left on the sub. Still, it's confirmed 125,000 investors have DRSed, leaving 75,000. In this group of 75,000, there are IMO three groups: the international investors who have been waiting for months for their DRS requests to go through, those who can't DRS, and those who are too lazy to DRS. At this point, I think we've weeded out those who are too lazy, and the majority of that 75,000 are the first two groups. + +As the price goes down, SHF's have been slowly deactivating accounts, playing a psychological game with us to convince us that members of the sub are losing interest in the stock and the sub as a whole. + +I think the honest truth is that SHF's panicked during the initial Jan 2021 runup and overran UUSB with millions upon millions of bots. They wisened up and have been strategically adding bots in the uncensored GME subs slowly to inflate (get it) these member totals, occasionally spreading FUD and forum sliding, or otherwise furthering their agenda. However, I believe right now their most important goal is to cause another moment of discord amongst us, that out of 745,000 members in Superstonk, 620,000 of them haven't DRSed. + +Guys, we're retarded, we're not stupid. We can put two and two together. The true Diamondhands are here. The lower the price goes, the more purchasing power we have, the faster we lock the float. The general consensus is regardless of a new wave of retail investors DRSing, our 125,000 investors are still on pace to lock the float by June of 2023. If we for some reason can't reach the rest of retail to liquidate wall street by DRSing GME, it gives us another 14.5 months to continue building our positions. More time = More tendies. Either way, we're on a countdown and I'm beyond ecstatic to see that the goal is within sight, and it may come sooner than we think. +I personally play the euromillions every Tuesday. + +In my mind this is a 90% entertainment, 9.999% charitable and 0.001% financial decision. + +It's mainly something which allows me to occasionally daydream about "if I won I'd do xyz". But nothing more. + +To some respect, I believe this is a privilege. This isn't my only ticket to financial freedom or living well, as I'm well educated and do believe that I'll be able to fulfil my financial dreams through hard work and determination. + +My question is do you play the lottery, what is your relationship with it, and do you think it holds people back with respect to the financial aspirations? +My mother just informed me that my grandfather asked her for my daughter's social security number because he wants to open up an account. My grandfather has had a shady financial record and I honestly don't trust him. He has been dishonest in the past with family affairs. + +A big red flag is that when his wife dies (probably soon) he will be kicked out of her house. I don't know, but I assume he doesn't have a ton of extra money to spare. + +My gut tells me to tell him no. I was wondering if there is anything harmful he could do with this information. My wife and I are the only ones who know her SSN and don't plan on sharing. Am I crazy? +https://edition.cnn.com/2022/08/28/politics/elizabeth-warren-jerome-powell-recession-cnntv/index.html + +Warren quote at end of article: +"You know what's worse than high inflation and low unemployment? It's high inflation with a recession and millions of people out of work," she told Powell. "I hope you consider that before you drive this economy off a cliff." + +Warren sure sounds like a shill for big business. Also, people keep acting surprised that rate hikes are still continuing, just like clearly outlined for months. Powell only had to be so hawkish because QT deniers kept salivating for more money printing, which caused the marker to ignore QT, only making the goal of the FED harder to reach. + +QT is going to keep going and continue to be a headwind. The more knowledge we have to prepare us for how to invest in these conditions, the better. +I put "inherit" in quotes because my parents are not actually dying yet, but at the age where they want to start to get more help managing the portfolio of assets. They have done amazingly over the decades, but recently got stung by the market volatility, so now they are looking for the younger generation to contribute ideas and strategy, with the eye of turning it over completely over the next decade. + +It's a lot of responsibility for my sister and I. We both have good experience in business, I sold my first business in my early 30s and earned high single digit millions, but put most of it in my current business and a portfolio of income properties which are professionally managed, and put some in stocks and some savings. + +Our goals are to keep this pool for many generations, so that our dependents will never have to worry about the basics of their life, like buying a home or paying for school. Our family has worked hard for this, and we don't want to just squander it or invest it in something high risk for the sake of earning a billion. We are not the kind of people that like private jets, but we do enjoy the finer aspects of life and have that stuff all figured out. I figure if we can make even a 5% return we can still access enough money than we will ever need. I am highly inspired by the way universities manage their endowments. All the legal and trust stuff has been sorted, so we are good on that. + +My questions are: + +\- How do people with this kind of money approach their investments? At the end of the day, we feel that the family needs to have a big picture oversight of the entire portfolio, but we don't have enough to open our own family office. Moreover, my sister and I are business people, but not finance people. So we are looking for an approach that is understandable and simple. + +\- Would UHNWIs actually buy a bogleheads style ETF portfolio? I have a stock portfolio of about US$2.5m which is mostly ETFs individual stocks, which I manage using a Modern Portfolio Theory method. Is Modern Portfolio Theory still the dominant methodology recommended by financial advisors? + +\- I've read a lot online, like the "All Weather" portfolio or the "Swansen" portfolio, which make sense, but they feel very "retail" to me. It seems crazy to me to put 50 million into VTI and a handful of other ETFs but it seems to be still a popular and viable idea. + +\- Do PBs offer any value except for ideas and research, trade execution and lending against assets? We have a few private bank accounts already and have spoke with some MFOs, but they seem very transactional and just bent on selling us structured products and growing their own AUM. + +\- Do hedge funds offer value? Ive invested in some in the past and they haven't done that well. I don't know if we have the kind of money to invest in the best hedge funds, and worry we will be stuck with the 90% that suck. + +\- Any good reading that you can suggest? I have read a lot of books on finance and trading over the years, but appreciate any recommendations. Currently reading Swensons Unconventional Success, as it was recommended by another HNWI friend, but looking to get more recs. + +Thanks for all your thoughts and feedback. +So my monthly profits hit about $6k and I realized I need to do quarterly taxes… 😬 is there a good walkthrough about how to prepare the forms or do I absolutely have to bite the bullet and use a CPA? I thought about using software, but the software that limits my inputs is less than ideal for my uses and others I looked at do not work with crypto & stocks, and I need both. + +Anyone recommend any tutorials? Or should I just absolutely 100% go to an accountant? + +Edit to add: more specifically, I need to know where to send payments to the IRS, if it needs to be in a specific form, etc… +I spent the last 6 months options trading (both buying / selling) and lost 6 digit sums. Here are my learnings shared with all of you so you don't repeat them. + +# 1: Don't buy options in high IV +Don't buy put options when IV is high. I bought put options in March 20th and didn't exit them before the IV collapse. + +Heck, I didn't even know what IV was at that time. This was WSB-days + +# 2: Don't sell when IV / premium is very low +The risk isn't worth it. Always calculate the return on risk (return on nominal capital) before placing a trade + +# 3: Wait for probabilities to play out +Position size and have a plan so you can afford to let probabilities play out. I got rid of a couple of positions too early unnecessarily. + +# 4: No covered calls on individuals +The data & research seems to be clear that covered calls on most individuals is a net loser vs. keeping the underlying and selling part of it. + +# 5: No naked calls on individuals +Sold naked calls on BA before the spike and lost -9k. Combined with #3, I bought back the contract at the peak price + +If you have to sell naked calls, then go for a spread + +# 6: Gamma risk is not an issue if you can take assignment +Just wait it out and accept assignment. Also it means selling weeklies is ok + +#7: Don't sell more than 3 underlyings at a time +It's hard to track the prices and manage the positions + +#8: Early assignment of single leg on spread +This can lead to large paper losses till the other leg assignment + +#9: Dividend risk no spreads +One of my legs got assigned before dividends (short) and I got charged a lot of money which I could have avoided if I bought back the spread earlier + +#10: Start with simplicity +I started by selling too many underlyings and trying fancy things. I should have sold on index underlyings and kept things simple + +#11: Use a portfolio / Analyse tab +Have a plan and use a beta-weighted portfolio to know (a) POP (b) break-even points (c) delta risk + +#12: Have a plan +Have a predefined plan and stick to it. You should be able to win in any market direction + +#13: Stick to a plan +Stick to the plan; Reference back to the plan when you're confused and want direction. Write down plans & goals + +#14: Correlations can change +If you beta-weight multiple underlyings, the correlations can change drastically even day-over-day particularly if there's an individual. + +#15: Short stock can close automatically +I had two short stock positions which I was ok to hold till recovery and the broker covered them because there wasn't enough liquidity. + +#16: Look at recent backtests +Look at recent backtests to verify strategy. Spintwig has a great site + +#17: Look at price movements +Don't sell calls when the price is 52-week high! Add Bollinger bands, etc to help and look at the last 1 year price movement +Title really says it all. + +I first got into stocks through an investing competition held in my country for highschool students and it really was an exhilarating experience. During that time, I joined a bunch of stock related subreddits, including this one, to learn from the best. Lurking around, r/algotrading was probably simultaneously the most confusing yet astounding one of the bunch and it truly peaked my interest; all your projects are so inspirational and I can't even fathom the time and effort they took. Now that we're quarantined, I figured this is probably the best time to actually try my hand at this. I don't expect to get this to work anytime soon but it would so cool if it did - like, I would've made that!! + +Honestly, I would appreciate any general advice or recommendations for books/courses/videos. I am familiar with python and certain libraries including pandas and matplotlib, but aside from that, I'm really in the dark. I can't wait to learn from you! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Given the fast market downturn currently, I was interested in investing in good US stocks (they can be dividend paying or not) but was interested in the following: + +* Rock solid balance sheets/financials to weather any upcoming storm. +* Have a wide moat +* Safe dividends without cuts (if they are a dividend paying stock + +Would you folks be able to help with such a list? I know the following will be safe: AAPL, MSFT, AMZN, but these are obviously tech centric. I'm wondering of other good companies. JNJ? PEP? What else am I missing? There must be tons, I think strong dividend growth US stocks would fit the bill to. + +Looking for your help +I'm curious about what kind of background you all have: + +Did you go to university? Did you study finance there? + +Do you work in finance or do you do something completely unrelated? + +For how long have you been investing in stocks? + +And maybe if you are comfortable sharing: How much money do you have invested in stocks? +So, as you may know we have advertising budget on the subreddit thanks to your kind donations. Since Reddit is kind enough to advertise us for free with a sidebar ad, that money has been sitting idly by waiting for some good thing to spend it on. + +Last time we used the money was to sponsor [a StarCraft 2 tournament](http://www.teamliquid.net/forum/sc2-tournaments/438453-bitcoin-starcraft-scarlett-vs-naniwa-for-14btc) organized by [TotalBiscuit](https://www.youtube.com/user/TotalHalibut). A lot of people enjoyed the show and we as mods thought it was money well spent promoting Bitcoin. + +Today we figured, why not continue working with TotalBiscuit to promote our subreddit and currency? Luckily enough, he is running an esports team - [Axiom](http://www.axiomesports.com/), and they are taking sponsorship deals. + +---- + +So, here is roughly the deal we are talking about: + +- We would like to sponsor Axiom for a trial period of 6 months +- After that period if we like how the deal is going, we can extend the sponsorship deal further +- We estimate to spend about $4000-$5000 worth of our advertisement budget on this (at the moment [we have about $14k in the bank](https://blockexplorer.com/q/getreceivedbyaddress/16KaCJB7fVuT6hvA7wzgzVjAnHz28bNvvh)) + +What we get from this deal? Branding on: + +- axiomesports.com +- All proplayer twitters +- All proplayer streams +- @axiomesports twitter +- Physical branding on team uniform sleeve +- Ingame branding in Gameheart supported tournaments + +As well as some small in-house Starcraft tournament. + +---- + +At the moment we as mods are for the idea, but we would like to know your opinion. Would you like us to spend your generous donations on this? +I know this question has been asked before, but with different scenarios (age, size of house, and NW) that make my situation unique. I also had some specific follow-ups I would love advice on. + +A little about me - this is a throwaway account for the reasons later in the post. I am in my late twenties with one kid, a growing family, and a liquid NW around $30mln from various companies I sold. My wife and I make about $1mln a year from her job and my part time consulting business, in addition to returns and dividends from diversified investments. I do not flaunt or own many extravagant things and am usually a light spender, but I always wanted a stunning mansion. I am considering options in the $5mln-$10mln range and about 7500 sq ft (expensive city but I love it). + + +The houses I look at generally will not have the dead space that is common in mansions - with visitors, two home offices for my wife and I, a home gym, a man cave, a growing family, and larger rooms as opposed to many rooms, I don't think I will feel the loneliness or emptiness oft associated with mansions. Most of my questions are around the effects of the cost of the home rather than the size. Questions to others who have considered this - + + +**How do you go about deciding how much is financially 'right' for your home?** + +Compared to most, I am using only a small part of my assets on my primary home, but it still feels like a lot. It is hard to assess this because to some extent it is a concentrated asset, and to some it is a cost with property tax and upkeep. Does anyone have a good mental model or process to understand how much you should spend here? What would be the maximum? + +**How did it change your life?** + +Did purchasing a large home or other high ticket item change your life or the way people treat you in any way? This applies to family, friends, or others and is maybe the question I am most concerned about. + +Were there any other effects, direct or indirect, that a large or expensive home had on you? + +**Anonymity** + +Somewhat related to the previous question, as of now, my financial situation is unknown outside of very close friends and family. For the most part, this is intentional and I prefer it that way, but how do you weigh enjoying your life and the finer things against how others might treat you? Did you find it harder to hide this fact and was that good, neutral, or bad? + + +I am very grateful for being this lucky financially, but one of the hard things about being in this situation is I don't have many people I can speak openly with this on, so any other input, feedback, or related experiences is much appreciated! +Edit: I have become aware that Zillow has already launched paid listings in several markets. I guess it's going well. + +2020 has been a strangely good year for companies in the real estate business with demand for homes in many cities jumping. Record low mortgage rates and flexible remote work policies have led to many buyers but few sellers. In June, homes were sold at their fastest pace since [2018](https://www.zillow.com/research/active-to-pending-fastest-pace-27382/). Both Zillow and Redfin have [resumed](https://www.geekwire.com/2020/redfin-zillow-resume-home-buying-businesses-scattered-markets-citing-real-estate-rebound/) buying homes through their iBuyer ventures. Redfin went from laying people off to hiring aggressively. + +Now, Zillow is further monetizing their rental marketplace by making landlords in certain markets pay [$40/mo to list vacancies](https://twitter.com/AyeshaSelden/status/1278817946882789379). + +If they don't completely drive away landlords with this move, it looks like a smart way to improve margins at a time when landlords are struggling to find tenants and prospective shoppers are doing almost all of their shopping online. While it's only select markets for now, if it's successful enough I'm sure they'll expand the policy to other markets. +I know we say $1M doesn’t get you that much these days, and that’s true indeed in relation to how much you need to buy a house. +But $1M of debt is another thing and just seems enormous. On the other hand, debt is cheap at the moment so it’s arguably a “good” time to have a large mortgage. + +Technically we can afford this level of loan based on our income ($190k combined) I’ve also done some extra repayment calculations and worked out that we could pay extra whilst still being able to save a bit for holidays/regular investing etc. + +It sounds like I’ve answered my own question but I am keen to hear from anyone has taken on this level of debt and felt ok about it. + +EDIT: I’m 31. This house is intended to be the “forever home” and I’m not particularly willing to compromise on location. I could have bought a cheaper place a few years ago but have been saving with the intention of buying one place, just once. If it’s relevant, I’m not interested in being a property investor (personally against it) + +EDIT 2: +Combined income is $195k plus bonuses (not huge ones). Small passive income from sharesz +We can get a 90% LVR with no LMI and market rates due to employee benefits. +Current deposit is $100k cash, $140k shares but aiming to increase cash to be able to retain some shares for retirement. + +Stress test at 5% has us at about $2.5-$3k surplus income per month (excluding bonuses and passive income) +Here is an email I received from my letting agent today: + +--- + +Subject: Corvid-19 + +Good afternoon, + +We hope you are well. + +Following the latest government announcements in relation to Covid-19, this is an important notice regarding your rental contract. + +We have outlined below some guidance for you to follow which we hope helps bring some clarity to your situation. + +- Rent payments are to be made as normal, on time and in full. + +- We ask you only to report urgent and essential maintenance at this time. + +- All our property inspections are currently on hold until further notice + +- If you have any concerns in relation to your next due rental payment please make us aware via email as soon as possible + +- Any late payment will be treated as normal arrears unless we have discussed in depth with you personally and authorised prior to your rent due date + +- Please only call our office at this time if you have been made redundant or your working hours have been significantly cut due to Covid-19. We will require extensive evidence supporting your case and we will from there endeavour to assist you in every way possible. + +We will be sure to contact you with any further changes and government announcements. + +Please see below link which you might find helpful. + +https://www.moneyadviceservice.org.uk/en/articles/coronavirus-what-it-means-for-you +[Link to the notice](https://www.sec.gov/rules/ic/2021/ic-34365.pdf) + +[What's New on the SEC Website, August 26, 2021](https://www.sec.gov/news/whatsnew/wn-today.shtml) + +I'll edit the OP later on unless someone beats me to an explanation in the comments. + +**EDIT:** + +The stuff in this notice is pretty juicy - but first, the post title needs some clarity - as per the source: + +>*The application was filed on* ***September 28, 2018 and amended on July 21, 2020, and June 16, 2021***. *Hearing or Notification of Hearing:* ***An order granting the requested relief will be issued*** *unless the Commission orders a hearing...* + +Explain to me how it's fair they can file it 3 years in advance, amend it twice during periods when they're speculated to be on the *really* bad side of some bets, have a history of insider trading, have clear conditions that would allow them to **abuse** the exemptions, and then get it conditionally approved on the verge of a colossal market correction that **they likely made worse and accelerated.** + +The meat and potatoes of this exemption request involves employee exemptions. Here's a juicy tidbit: + +>*A Future Fund may be structured as a domestic or* ***offshore limited*** *or general partnership, limited liability company, corporation, business trust or other entity.* ***Point72 may also form parallel funds organized under the laws of various jurisdictions*** *in order to create the same investment opportunities for Eligible Employees (defined below) in other jurisdictions.* + +Fuck off Stevie + +&#x200B; + +>*Interests in the Funds will be offered in a transaction exempt from registration under section 4(a)(2)* + +Google section 4(a)(2) to get: + +>*What is section 4?* +> +>*This is often referred to as the private placement exemption for issuers. ... A Section 4(a)(2)* ***private placement provides an attractive capital-raising alternative for a foreign issuer considering offering securities in the United States***\*.\* + +Again, fuck off Stevie + +&#x200B; + +LOL - wow + +>*Applicants request an exemption from* ***section 17(j) and the provisions of rule 17j-1 (except for the anti-fraud provisions of rule 17j-1(b))*** *because they assert that these requirements are burdensome and unnecessary as applied to the Funds.* + +Guess the title of **rule 17(j)-1**? [*Personal investment activities of investment company personnel*](https://www.law.cornell.edu/cfr/text/17/270.17j-1) + +Oh, you don't want an exemption from the anti-fraud provisions? *How noble of you.* Out of curiosity, what're the sections of [rule 17j-1](https://www.law.cornell.edu/cfr/text/17/270.17j-1)? + +>***rule 17j-1(a) - Definitions*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(b) - Unlawful actions*** +> +>4 sub-paragraphs +> +>***rule 17j-1(c) - Code of Ethics*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(d) - Reporting requirements of access persons*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(e) - Pre-approval of investments in IPOs and limited offerings*** +> +>1 sub-paragraph +> +>***rule 17j-1(f) - Recordkeeping requirements*** +> +>7 sub-paragraphs + +Wait a second, you want to be exempt from the code of ethics but not unlawful actions? That seems like it works against what GG claims as *the spirit of the law*. Just look at the first paragraph in the code of ethics! + +>***...*** *must adopt a written code of ethics containing provisions reasonably necessary to prevent its Access* [*Persons*](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=3df16bcba79f5e9f4c3cc2c8c60b0903&term_occur=999&term_src=Title:17:Chapter:II:Part:270:270.17j-1) *from engaging in any conduct prohibited by* [***paragraph (b)***](https://www.law.cornell.edu/cfr/text/17/270.17j-1#b) *of this* [*section*](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=ae77e4ab315ae0b3a3e66d2e23fa9ec3&term_occur=999&term_src=Title:17:Chapter:II:Part:270:270.17j-1)*.* + +That's a fucking joke, right? The rules in ***rule 17j-1(b) - Unlawful actions*** are absurdly vague. The code of ethics section (**edit: for clarification**) details requirements for how to communicate to employees what unlawful *actually* means. You'd think that'd be kind of important if: + +>***Point72 may also form parallel funds organized under the laws of various jurisdictions*** + +I'm not even going to get into how obviously necessary reporting requirements are. + +Remember how Stevie got away from his first insider trading trial? The lack of the flow of information. How do *your employees* know what's unlawful when you're not telling them what specific actions would make it unlawful - **especially with respect to different countries?** + +Stevie is a fraudster. Do SEC personnel approve these on their lunch break or what? + +I'll go out on a limb here and say **these exemptions should not have received delayed approval.** Fuckery abound. + +And for any of you **whistleblowing lurkers** out there, there is an opportunity for a hearing if you've got compelling information: + +>*Hearing or Notification of Hearing: An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing by e-mailing the Commission’s Secretary at* [*Secretarys-Office@sec.gov*](mailto:Secretarys-Office@sec.gov) *and serving applicants with a copy of 2 the request by e-mail. Hearing requests should be received by the Commission by 5:30 p.m. on September 20, 2021, and should be accompanied by proof of service on the applicants, in the form of an affidavit or, for lawyers, a certificate of service. Pursuant to rule 0-5 under the 1940 Act, hearing requests should state the nature of the writer’s interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by e-mailing the Commission’s Secretary at* [*Secretarys-Office@sec.gov*](mailto:Secretarys-Office@sec.gov)*.* + +&#x200B; +"Now, though it has a challenger, NIO (NIO), the Chinese company that unveiled a new electric vehicle luxury sedan this very weekend that people are going gaga about. Its got tons of features, including an Nvidia (NVDA) based self-driving solution. Lots of bells and whistles that could rival Tesla in the electric vehicle market," he continued. + +https://www.thestreet.com/video/why-jim-cramer-thinks-nio-is-next-tesla +# I'm the captain now. + +If you've been even just a little bit active on Superstonk over the last couple weeks, you will have seen all the talk of RC's Jolly Roger tweets and the tinfoil apes like myself who suspected the Jolly Roger in RC's tweets was a final warning to the shorts. + +I think whoever came up with this idea is right on the money and I'm going to explain in the best tin-foily way possible, what comes next. + +&#x200B; + +https://preview.redd.it/h6os9fsyvcq81.png?width=542&format=png&auto=webp&s=8d1ac01599b45abbe175ac047f82ef4dce9caafc + +So just to touch ~~the tip 🍆~~ up on the subject of the Jolly Roger, here's a quick breakdown of what's been happening and the tinfoil theories behind it: + +RC has tweeted with the Jolly Roger emoji (☠) a few times now: + +First - + +https://preview.redd.it/g05s1by8xcq81.png?width=369&format=png&auto=webp&s=584806106577013d8da9b2e9cd000d0c532f382b + +And this past Sunday - + +https://preview.redd.it/pnzmkl4hxcq81.png?width=377&format=png&auto=webp&s=91f1e552d24859386617452cc1a24402c2ed4f80 + +It's not only RC tweeting the Jolly Roger either: + +[ u\/TheHonorableBahman caught this one on Loopring's Twitter.](https://preview.redd.it/4bimaohoxcq81.png?width=828&format=png&auto=webp&s=b72a1c413762f94b91559131679cdb62c635739a) + +&#x200B; + +I love skulls, I find them fascinating and a trigger of introspection into existential questions, so as the dumb ape I am, I didn't think anything of the Jolly Roger in RC's tweets. That is until u/ducksflytogether_ called out the meaning behind the flag in pirating. + +&#x200B; + +https://preview.redd.it/i3m47oujycq81.png?width=960&format=png&auto=webp&s=1d1695633aff5a6f1eb1dd863a143f7b158c5d14 + +This comment got my titties jacked or in more piratey terms, "it got me booty rustlin'." + +RC was flying the warning flag. Shorts had the chance to surrender.On Sunday RC fired a final warning shot with the Jolly Roger flag still flying - + +https://preview.redd.it/jelu1qlc5dq81.png?width=39&format=png&auto=webp&s=8223436bcde011c19c5aeeb416a8bb6abb104aa4 + +This IMO was the final chance. Monday looked like the shorts were going to surrender and let us run. The energy here was great and everyone was stoked that "MOASS IS TOMORROW!" (as always of course). + +Today however, was a different story: + +&#x200B; + +[Top post on Hot right now by u\/Careless\_Employ5866 ](https://preview.redd.it/gistuglh6dq81.png?width=640&format=png&auto=webp&s=01e69dcf3d955d28b2016c898d5c5a565f446304) + +&#x200B; + +[This post about the spread by u\/decpz](https://preview.redd.it/uy5kf3br6dq81.png?width=640&format=png&auto=webp&s=a40aa51b6e06cfee1805329c4ab5e1af2359e854) + +and of course, what everyone witenessed on their charts this morning... + +[The secret ingredient is crime.](https://preview.redd.it/eug0vfbl7dq81.png?width=450&format=png&auto=webp&s=070bb69073883ef2ab4a48aabb4a36c2be532805) + +Clearly the shorts are not taking heed of RC's warning shot and Jolly Roger flags, and clearly the powers that be are not going to stop the fuckery. They won't call marge (check the SEC report), they won't stop the naked shorting (check out the naked short trading before halt today [https://www.reddit.com/r/Superstonk/comments/tr037a/naked\_shorting\_much\_trades\_before\_halt/](https://www.reddit.com/r/Superstonk/comments/tr037a/naked_shorting_much_trades_before_halt/) by u/dilkmud0002 ... where you at GG? DOJ?), they won't stop the clear and blatant crime. + +So here's what happens when an enemy did not surrender to a pirates warning (according to Wikipedia's page on "Jolly Roger": + +>It is claimed (without contemporary references) that if a ship then decided to resist, the Jolly Roger was taken down and a red flag (in the 20th Century sometimes called the "Bloody Red"[\[40\]](https://en.wikipedia.org/wiki/Jolly_Roger#cite_note-40)) was flown, indicating that the pirates intended to take the ship by force and without mercy. This claim comes from only one source, in the mid-18th century [Sir Richard Hawkins](https://en.wikipedia.org/wiki/Richard_Hawkins) suggested that pirates [gave quarter](https://en.wikipedia.org/wiki/Safe_conduct) beneath the black flag, while no quarter was given beneath the red flag. + +I am going to ~~go out on a limb~~ walk the plank and suggest the next RC tweet will have the Bloody Red 🚩 + +&#x200B; + +https://preview.redd.it/0xdb44b7cdq81.png?width=259&format=png&auto=webp&s=70baab7a27e3da077fef21fa02e8b7fca33a3c7e + +Time's up for the shorts.GameStop is about to stop the game. + +I've written previously about my speculation of a spin-off company, and it seems more and more plausible all the time- especially with the latest trademark filings.I should update this, but for now, take a look at what I think GameStop's attack will be: [https://www.reddit.com/r/Superstonk/comments/sua3fk/gmerica\_a\_spinoff\_company\_of\_gamestop\_and\_the/](https://www.reddit.com/r/Superstonk/comments/sua3fk/gmerica_a_spinoff_company_of_gamestop_and_the/) + +https://preview.redd.it/gx9pqtyn9dq81.png?width=591&format=png&auto=webp&s=93731b0fa4927f3a8d20f7e478e83174ddc844e1 + +&#x200B; + +GameStop has now seen that the shorts are not going to surrender and I know that they have a plan for just this situation. We may not see the attack today, but RC has given warning and it will cum now, and when it does we are going to be a bunch of filthy rich, pirate apes on the moon. + +&#x200B; + +[Art In Ryan Kagy's Metapartment.](https://preview.redd.it/v6suss9mndq81.png?width=783&format=png&auto=webp&s=63387919599015b009b7656f1823d01bcb35e45d) + +We are all pissed about the crime this morning, as we should be. Our anger is completely justified and don't let anyone tell you it's not. Just remember, how and where to direct your anger. We are the pirates led by captain Ryan on our way to r@pe, loot and pillage the shorts for everything they are worth. + +We are almost there and WAGMI! + +And as always... + +https://preview.redd.it/uqj114csbdq81.png?width=800&format=png&auto=webp&s=a1ba175bf7c1b79d03d7d230301539345a870a24 + +Edit: added - "and clearly the powers that be are not going to stop the fuckery. They won't call marge (check the SEC report), they won't stop the naked shorting (check out the naked short trading before halt today, where you at GG? DOJ?), they won't stop the clear and blatant crime." + +Edit 2: added link by u/dilkmud0002 + +Edit 3: u/-donttouchthat- recalled the NFT on Ryan Kagy's metaverse wall of the pirate apes on the moon. I replaced an image with that because it's way better! + +sorry🍁for the multiple edits, adhd is a bitch. +It kinda goes without saying at this point that crypto as a whole is a massive clusterfuck. Initially, bitcoin was created to be a better alternative to corrupt banks, but somewhere along the way, the community got lost. + + +I've never seen as many scams and folded corrupt companies in all my history of watching traditional finance as I have just this year in crypto (and all the years preceding it since I came around in 2016) + + +There are so many bad actors, so many rugpulls, so many hacks and lies and corrupt companies and mismanaged funds and the list goes on and on. + + +Crypto is in fact, worse than what it sought to fix. + + +Does that mean it's over? No. Does that mean you shouldn't buy it? No. It just means that this ecosystem is a lying corrupt fucking joke that should never be trusted or taken seriously. + + +Good luck to you all. Stay safe...and remember, not your keys, not your crypto... +I'm a Canadian recently into the stock market. I've been paying much closer attention to business and government as a result, but I'm still not clear what Fannie and Freddie actually do (or perhaps did is the better choice). + +I've read their wiki's and whatnot, but I'm finding it hard to really understand what it is they did, and how they screwed up so badly at it. + +I also see their stock has gone from ~80 per share to 30 cents, is it worth even looking in that direction, or are these organizations dead? + +Thanks! +DOGS DOGS DOGS DOGS DOGS DOGS DOGS DOGS DOGS. + +&#x200B; + +SHIBA is at an $18B market cap. What the hell? + +&#x200B; + +As everyone on this subreddit knows, dog-based coins are all the rage in the crypto market lately, especially over this past day. With Elon Musk set to appear on SNL in just under five hours, shitcoin apes all around the world are quivering with degeneracy, their primitive brains focused on a singular, far-fetched goal: cashing in on the next SHIBA or DOGE. + +&#x200B; + +The aforementioned apes live up to their expected apish nature quite well. They FOMO with reckless abandon into trending dog coins, regardless of the fact that they have already pumped to a disgustingly risky degree. Although they wish for a 100x, they are hopelessly unaware of a cold truth in the shitcoin-sphere--if it’s already trending with a high mcap, it’s too late. + +&#x200B; + +Said apes will not make it. + +&#x200B; + +To succeed in the current dog-fueled market, one must seek those coins that have not yet pumped, those rare and lucrative tokens that, while legitimate and safe, fly under the general ape radar. + +&#x200B; + +MoonBud is one of those coins. A reflective, deflationary, charity-based token, $MBUD and its community carry all of the best aspects of the current dog coin meme mania; furthermore, the coin boasts an active and transparent team, fully locked liquidity/renounced contract, an upcoming and confirmed $140k USD IN-PERSON donation with Dog’s Trust Manchester, and most importantly, ONLY A $1.37M MCAP! + +&#x200B; + +What? Yes, you heard that right. MoonBud, the best dog coin on the BSC, with its sleek and aesthetic logo, professional-grade website, phenomenal dev team, and an upcoming six-figure donation….IS ONLY $1.37M MCAP! + +&#x200B; + +Don’t continue to FOMO into already pumped, trending dog coins. Don’t continue to get rugged trying to get into the ground floor of one. Instead, buy some MBUD, save some dogs, and arrive early to the dawn of the next massive dog coin pump. + +&#x200B; + +Website: [https://moonbud.space](https://moonbud.space) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Contract: 0xbe8183612f145986a41ad8e8fcfefed1c2f9deba +DOGS DOGS DOGS DOGS DOGS DOGS DOGS DOGS DOGS. + +&#x200B; + +SHIBA is at an $18B market cap. What the hell? + +&#x200B; + +As everyone on this subreddit knows, dog-based coins are all the rage in the crypto market lately, especially over this past day. With Elon Musk set to appear on SNL in just under five hours, shitcoin apes all around the world are quivering with degeneracy, their primitive brains focused on a singular, far-fetched goal: cashing in on the next SHIBA or DOGE. + +&#x200B; + +The aforementioned apes live up to their expected apish nature quite well. They FOMO with reckless abandon into trending dog coins, regardless of the fact that they have already pumped to a disgustingly risky degree. Although they wish for a 100x, they are hopelessly unaware of a cold truth in the shitcoin-sphere--if it’s already trending with a high mcap, it’s too late. + +&#x200B; + +Said apes will not make it. + +&#x200B; + +To succeed in the current dog-fueled market, one must seek those coins that have not yet pumped, those rare and lucrative tokens that, while legitimate and safe, fly under the general ape radar. + +&#x200B; + +MoonBud is one of those coins. A reflective, deflationary, charity-based token, $MBUD and its community carry all of the best aspects of the current dog coin meme mania; furthermore, the coin boasts an active and transparent team, fully locked liquidity/renounced contract, an upcoming and confirmed $140k USD IN-PERSON donation with Dog’s Trust Manchester, and most importantly, ONLY A $1.37M MCAP! + +&#x200B; + +What? Yes, you heard that right. MoonBud, the best dog coin on the BSC, with its sleek and aesthetic logo, professional-grade website, phenomenal dev team, and an upcoming six-figure donation….IS ONLY $1.37M MCAP! + +&#x200B; + +Don’t continue to FOMO into already pumped, trending dog coins. Don’t continue to get rugged trying to get into the ground floor of one. Instead, buy some MBUD, save some dogs, and arrive early to the dawn of the next massive dog coin pump. + +&#x200B; + +Website: [https://moonbud.space](https://moonbud.space) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Contract: 0xbe8183612f145986a41ad8e8fcfefed1c2f9deba +Baby Unicake stealth launched today and already did 100x. $CAKE rewards to holders. Based dev and a huge community. + +If you missed the previous Baby Moonshots this is your turn. BabyUniCake has a groundbreaking contract that offers up to 24% $CAKE reflection to the community! + +What is Baby Unicake?!? + +You have just stumbled across the next 100x Baby token. With over 1k members already, BabyUniCAke is set to moon a it is unique and a real first of its kind in earning cake tokens. Not only does your $UCAKE moon, but you will passively AN ABSOLUTE UNICORN LOAD OF $CAKE from every transaction. Free money from holding, who could say no? Great tokenomics and team, this is 100% a moonshot, get on early. Sellers are getting destroyed, community is growing and coin has only just been released. + +Liquidity burnt 🔥 meaning that the project is scam proof: + +https://bscscan.com/tx/0x6102372443f79c8d81dbfa253c773d3d5dc6db1f037fdd7e76340ce32a2c4210 + +This really is the next BabyCake, but at sub $200k mcap. + +Baby Unicake rewards are second to none! + +Tokenomics + +24% cake reflections hourly + +5% liquidity + +4% marketing + +2% max wallet + +Website: https://www.babyunicake.app/ + +Telegram: https://t.me/BabyUnicake + +Contract: 0x7a886037d072222823100e40ff840e9643f59c61 +Hi all, + +I frequently hear about the phrase above particularly when a user posts about a strategy that seems to be working out for him/her. + +This group is about selling options so I find it a little hard, particularly if you do the wheel, that long term the steamroller would catch you. + +Again I agree that the key to this is picking the right underlying. + +Can you please share examples or your experiences? + +Thanks a lot!! +&#x200B; + +[Remember this post? Yeah. It still holds true today. ](https://preview.redd.it/f5dbd6hwyfz61.jpg?width=1440&format=pjpg&auto=webp&s=bbab73a2b2c2d0f9a956604ee7bdcf04ee143f25) + +# A Few Reasons Why a $20,000,000 Floor is Possible. + +If the following statements are true, then a $20,000,000 floor must also be true: + +**Statement 1: Apes own the float. There is no doubt about that.** + +* If Fidelity transferees own 19 shares each, they’d own over 100% of the shares that should exist. + * Source here: [https://www.reddit.com/r/Superstonk/comments/nbku8x/if\_fidelity\_transferees\_own\_19\_shares\_each\_theyd/](https://www.reddit.com/r/Superstonk/comments/nbku8x/if_fidelity_transferees_own_19_shares_each_theyd/) +* Across all online brokers, if apes own only 5 SHARES EACH on average, which is a severe underestimate, then we own the float. + * Source here: [https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated\_dd\_i\_did\_the\_math\_there\_is\_literally\_no/](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) + +**Statement 2: The amount of shares Hedgies have shorted is MORE THAN the total amount of the float and very possibly even the total amount of outstanding shares.** + +* Just take a look at these SI calculations. Even conservatively, the SI is at 218%. I'm not even going to type the not-so-conservative percentages. + * Source here: [https://www.reddit.com/r/Superstonk/comments/nc1lny/ive\_estimated\_the\_current\_si\_based\_on\_the\_si/](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) +* Even if you don't believe in the SI estimations, you know what will be SOLID PROOF of shorts being more than the float? The proxy votes results. So why don't you just sit back and relax? + * Want some hype? [https://www.reddit.com/r/Superstonk/comments/nb590g/the\_gamestop\_from\_rc\_tweet\_is\_right\_next\_to\_the/](https://www.reddit.com/r/Superstonk/comments/nb590g/the_gamestop_from_rc_tweet_is_right_next_to_the/) + +**Statement 3: When a margin call happens, Hedgies have to buy back EVERY SHARE they have ever shorted.** + +* This is simply a factual statement. There is literally no doubt in that. + +**Statement 4: It stands to reason that for the above reasons APES NAME THE PRICE.** + +* More specifically, only a SMALL PERCENTAGE of apes need to sell at $20,000,000 for the price to be $20,000,000. Remember the geometric mean? Warden can sell at whatever price he wants. As long as say, 5%, of apes sell at $20,000,000, then the price WILL be $20,000,000. + * More on geometric means: [https://www.reddit.com/r/GME/comments/m9td6w/estimations\_for\_the\_total\_payout\_of\_gme\_based\_on/](https://www.reddit.com/r/GME/comments/m9td6w/estimations_for_the_total_payout_of_gme_based_on/) +* You know what this means? This means that even if 95% of apes fall for FUD (which is almost already impossible), the price will STILL be $20,000,000. + +**Statement 5: It is in every ape's best interest that they sell with a floor of $20,000,000.** + +* When you align your interests with the interests of those you have a similar end goal with, then beautiful things can happen. And in this particular case, the interests of apes are definitely aligned. + +**Conclusion: So yes, a $20,000,000 floor IS VERY POSSIBLE and it very much WILL HAPPEN.** +https://finance.yahoo.com/news/bonds-wave-red-flag-u-110000878.html + +(Bloomberg) -- The tea leaves of the world’s biggest bond market are producing a much-more foreboding reading than those of U.S. stock prices. + +America’s equity indexes are holding well above their pandemic-induced 2020 lows, yet the Treasury market increasingly is foreshadowing doubt over the pace of the economic rebound as new virus cases slow re-opening plans in many states. Ten-year real yields, considered a more-pure read on growth since they strip out inflation, have dropped for the past six weeks and hover at about -0.85%. +My current portfolio allocation is Spy 40%, VTI 30%, VYM 20%, and TARK 10%. + +I just switched to this portfolio after losing about 70% of my account value in the last 8 months from holding ROKU, PYPL, PENN, and DIS. I finally realized the losses in those this past week, and switched to the above setup. But now my acct value is like 1/3 of what it was this past October. + +Any suggestions to get me back to where I was in October? Open to hear any ideas. Should I stay in the ETF’s above that I’m in now to try and recover my account value? Or maybe wait the 30-days from selling those ones I was so far down on and buy them again to try and ride those back up? Not sure what the best method would be to try and get my account value back to where it was. I do typically sell covered calls on my holdings. And, I’m using about 40% margin too. Selling the covered calls covers the margin interest I’m paying, but I want to use the margin to hold more stock than I otherwise would be able to. I used it on the way down, so I’m thinking I probably need to try and use it on the way back up also or it’ll take forever to recover the money I lost. + +EDIT: So today, after reading all the replies, I closed my sold covered calls positions, and I sold enough stock to get me out of margin. I right now only have VTI. That’s what my last 30% of my account value is in now. I need to think more about what to do going forward to give me the best gains from here. Adding cash to my account is not an option right now. The only “buy more while it’s low” I can do is to buy more using margin. I’m in my mid-50’s, and live off a small pension that barely covers my monthly expenses. The money I lost was a combination of my life savings, and the profit I made from selling my house a year ago. +After four years at a decent job, thanks to the FIRE movement, I now have the ability to make a huge life change. I have been running extra hard in the rat race for far too many years (even though some would call me young). I worked very hard, even working to support myself through college and the grad school. I neglected my health, my friends, and my family along the way. The COVID quarantine was a wakeup call for me. It gave me a taste of what life would be like when I didn't have to commute across the city to sit in an office for certain prescribed hours each week. I'm hooked and I can't go back. + +The past several years, I house-hacked and side-hustled my way to FU money and to be honest it came so much faster than I anticipated. FU money in hand, I've realized that I can't stay in my day job anymore. I need to be free to do my own thing. In the next 3-6 months, I'm moving from my M/HCOL city to a much smaller LCOL city near the water. I just put a cash offer on a house and I hope it gets accepted. It's a small house that needs work but it's in a safe location near downtown, it's livable, and most importantly in my budget. I plan on renting out the house I currently own which should cover it's mortgage and give me some cash flow. + +Recently, I paid cash for a 4 year old economy car with 48k miles on it which should last me many years so my expenses are going to be very low. I am looking forward to waking up in the morning, working out, then cooking a healthy breakfast before tackling some home improvement projects in between working for clients at my own work from home business. When I land a new client, I am going to treat myself with lunch and a couple of beers at my local joint. Occasionally I'm going to wake up on a Tuesday morning and go to the beach and chill all day because I can. + +And I'm going to focus less on myself and more on the people I care about. I'm not waiting any more. I'm going to do this now while I can. I've had friends die in their 20s and relatives live to over 100. You never know when it's the last time you'll ever see someone again. I'm going to surprise my sister with tickets to her favorite musical artist and take her to a show. I'm going to visit my old college buddy who is married with a kid and have a few beers. And I'm going to help my dad restore the classic car he bought which is very similar to his first new car. I still have my car from high school though it hasn't run in years. Maybe I can get that fixed up and my dad and I can take our cars to a car show together. + +I don't want to stop working. I have no desire to ever fully retire. I think as humans, we crave progress. And progress comes from work. It's not just satisfying, it's a damn privilege to be able to work. But you have to work on something that you're passionate about. I want to invent things. I want to create things. I want to design things. I want to build things. And most importantly, I want to teach and inspire people to do great things of their own. This world is far from perfect, but hopefully by the time I'm gone it'll be one step closer. +**TL;DR** - Promotions to the S&P MidCap 400 have had cumulative mean returns of +9.7% from the time of announcement to the implementation of the change. Like with everything, there is no guarantee that this will occur, however, considering the typical price movement upon announcement AND effective change date, and the relative weight of GME to the indices’ total market cap (read: very little difference), my tits are jacked to the MAX. + +**Introduction:** + +The promotion from the S&P SmallCap 600 index to the S&P MidCap 400 is a VERY different animal than the promotion that GME had from Russell 2000 to Russell 1000. There was never any evidence that showed any potential price movement as I wrote in my previous post, [Watch out for Overhype on Russell 1000 inclusion: It may not affect stock prices as much as we hope](https://www.reddit.com/r/Superstonk/comments/o7qbds/watch_out_for_overhype_on_russell_1000_inclusion/). + +However, THIS time, there is significant data for the S&P promotion that indicates significant movement in the price of stock that face promotion on BOTH the trading day following the announcement (in the case of GME, July 28) and the effective date of the implementation of the change (in the case of GME, August 4) + +**What has happened to other stock in the past?** + +If a stock is promoted from the S&P SmallCap 600 to the S&P MidCap 400, the day after announcement sees an average of +6.7%. On the effective change date the promoted stock sees an average of +5.7%. Promotions to the S&P MidCap 400 has had CUMULATIVE abnormal returns of +9.7% from the time of announcement to the implementation of the change. From about 50-75% of the price movement that occurs up through the implementation date is PERMANENT and doesn’t revert back to pre-movement numbers. + +**What does this mean for GameStop?** + +Since the typical cumulative returns is roughly 10% over the course of a week between announcement and implementation, this could provide the price pressure that might ignite the fuse for MOASS. + +Look for strong positive movement tomorrow, July 28th, then again on August 4th. If this price pressure and visibility of the promotion to the S&P MidCap 400 affects volume, even a little, this has a strong chance to be the catalyst we’ve been waiting for and beat the average positive price movement that has been seen in the price. + +Unlike the promotion to Russell 1000, we will not be significantly net negative in total shares added by ETFs hinged on the S&P indices, which means we will NOT see the same downward pressure that we saw in the Russell promotion. The relative weight of GME to the total market cap of the indices indicate very minimal change in overall shares. And if the jackedness of my tits can be included as an indicator of GME price movement, then we are ready for launch. Buckle Up! Let’s GOOOOOOOOO!!! + +**Reference Docs** + +[GXO Logistics, Victoria's Secret & GameStop Set to Join S&P MidCap 400; Strategic Education, World Fuel Services & Lakeland Financial to Join S&P SmallCap 600](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210727-1426761/1426761_4xpo6lb4wri64spin2.pdf) + +[S&P MidCap 400 Factsheet](https://www.spglobal.com/spdji/en/idsenhancedfactsheet/file.pdf?calcFrequency=M&force_download=true&hostIdentifier=48190c8c-42c4-46af-8d1a-0cd5db894797&indexId=410) + +[S&P SmallCap 600 Factsheet](https://www.spglobal.com/spdji/en/idsenhancedfactsheet/file.pdf?calcFrequency=M&force_download=true&hostIdentifier=48190c8c-42c4-46af-8d1a-0cd5db894797&indexId=2239) + +[Stock Price Effects of Changes in the S&P MidCap 400 and the S&P SmallCap 600 Indices](https://www.academia.edu/1590715/Stock_Price_Effects_of_Changes_in_the_S_and_P_MidCap_400_and_the_S_and_P_SmallCap_600_Indices) +Gamestop intentionally changed their earning report dates to overlap with running peak of cycle. + +Because they already knew the cycle. + +But I think they should have solved the problem about SEC. + +So they provided share-offering to solve the legal issues. + +and before , The regulations were not in effect. (Mar Cycle , Jun Cycle) + +but this cycle is the first time the regulations will be in effect. + +&#x200B; + +In Sep 8th , they will announce big news. + +The game finally stops. + +Ahh.. MY BAD. + +&#x200B; + +The game finally begins. + +&#x200B; + +&#x200B; + +He already planned this in 2020. + +https://preview.redd.it/g3s469n0ftk71.png?width=400&format=png&auto=webp&s=eb277a10a47f81e079730c348f6449f885818f03 + +&#x200B; + +&#x200B; + +&#x200B; + +Good luck. +I remember reading back in October 2020 on some investing newspspaer that we should take profits in Scottish Mortgage Trust as it was due to explode any time soon. I didn't follow the advice and kept on investing. + +We've all seen stories like this. We're in a bubble and the crash is just around the corner etc. etc. + +If nobody can tell when that will happen, are there any theories on what the cause of the next crash will be? What's going to set it off? + +All this fear mongering hasn't done a thing. Stocks just keep going up. Even if there's a crash, the "new generation" of investors follow the mantra "stonks only go UP!", so any sign of a crash is going to be met with more buying on the dip. Especially considering they've all witness the corona crash's vertical recovery. +New Mexico’s sovereign wealth fund brought a federal antitrust lawsuit claiming Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., and other top financial institutions rigged the credit default swap market by manipulating a key benchmark. + +The proposed class action, docketed Thursday, also targets Barclays Plc, BNP Paribas SA, Credit Suisse Group AG, Deutsche Bank AG, JPMorgan Chase & Co., Morgan Stanley, Natwest Group Plc, and three industry groups. + +By rigging the “final auction price” used “to value all CDS contracts market-wide at settlement,” the banks have made “billions of dollars in cartel profits at the expense of non-dealer market participants,” according to the complaint filed in the U.S. District Court for the District of New Mexico. +https://news.bloomberglaw.com/antitrust/citi-bofa-goldman-other-banks-accused-of-cds-antitrust-scheme +I remember a high school exercise to write a paper centered around the saying that, "the early bird catches the worm." Since we had the option, some of my mates wrote on, "better late than never." I remember thinking that the latter sounded more like a consolation, and I'd rather be early than consoled. Years later, I still feel the same way! + +Why am I going down memory lane, you might ask? + +Sure, let's talk about it. + +I've been trading meme coins for a little over a month now. By sheer luck, I tend to be a late entrant, getting in after most people have realised major gains. While the thought that an earlier entry could have EASILY tripled my gains hasn't kept me up at night, it's definitely left a bitter taste of regret in my mouth. If you've ever felt that way, don't worry, I'm right there with you. I felt it with Hoge, Safemoon, and the more recent Pitbull, just to name a few. + +Here is where things can change for you and I. + +**$MOON STOP.** + +**MOON STOP** is only 2 days old, with a little over 360 holders and a 40 - 50K market cap. Let me put this into perspective for you. + +\- If you jump on today, at a marketcap of 1 million, you'd have multiplied your initial investment by 20. Yes, 20X. + +\- At 10 million, you'd have multiplied it by 200. That's 200x. + +\- A $1000 invest could easily be $200,000 in a month or less if we reach these heights, and believe me, we will. + +\- If you think these marketcaps are large, Safemoon is at 1 billion currently. + +I don't need a soothsayer to tell you how life changing this could be. + +&#x200B; + +**How to buy Moon Stop:** + +**Pancakeswap**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd) + +**Contract Adress**: 0x44c928e154d2f8bf41557ac2c93fb398263af0dd + +**Poocoin Chart**: [https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd) + +**TELEGRAM**: [https://t.me/moonstopcoin](https://t.me/moonstopcoin) 740 members + +**WEBSITE**: [https://www.moonstop.space/](https://www.moonstop.space/) STILL A WORK IN PROGRESS! + +\*\***300 Million** Total Moon Stop Supply\*\* + +\+ 50 Million circulating supply pre-launch (16.6%) + +\+ 30 Million available at Presale (10%) + +\+ 70 Million available at Pancake Launch (23.3%) + +\+ 22 Million already burned + +\+ 30 Million Lottery Distribution REWARDS (10%) + +\+ 20 Million Dev Wallet (6.7%)+ 20 Million Marketing Reserve (6.7%)+ 80 Million Coin Burn Reserve (26.7%) + +&#x200B; + +**COIN BURNS** + +\+ 1 million coins burned at 250k marketcap + +\+ 1 million coins burned at 500k marketcap + +\+ 1 million coins burned at 750k marketcap + +\+ 1 million coins burned at 1M marketcap + +\+ 2 million coins burned at 2M marketcap + +\+ 4 million coins burned at 5M marketcap + +\+ 8 million coins burned at 10M marketcap + +\+ 10 million coins burned at 20M marketcap + +\+ 20 million coins burned at 50M marketcap + +\+ 32 million coins burned at 100M marketcap + +\+ 100k coins burned every 1M after 100M market cap until coin burn reserve is 100% depleted + +**Be early, don't get left behind!** +Original Article: [https://seekingalpha.com/news/3682347-hsbc-reportedly-barring-customers-from-buying-shares-of-coinbase](https://seekingalpha.com/news/3682347-hsbc-reportedly-barring-customers-from-buying-shares-of-coinbase) + +You can't buy shares in COIN and MSTR. + +* HSBC (NYSE:[HSBC](https://seekingalpha.com/symbol/HSBC?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)) is said to prohibit its customers from buying shares of Coinbase (NASDAQ:[COIN](https://seekingalpha.com/symbol/COIN?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)) as it sticks to a policy of avoiding virtual currencies. +* The news comes after a report that was circulating earlier this week that that the bank banned customers on its online trading platform [from buying shares of MicroStrategy](https://seekingalpha.com/news/3681111-microstrategy-stock-unchanged-after-report-that-hsbc-bans-customer-from-buying-its-shares?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews) (NASDAQ:[MSTR](https://seekingalpha.com/symbol/MSTR?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)). +* "HSBC has no appetite for direct exposure to virtual currencies and limited appetite to facilitate products or securities that derive their value from virtual currencies," HSBC[ told publication Coindesk ](https://www.coindesk.com/add-coinbase-to-the-list-of-crypto-stocks-hsbc-wont-touch)in a response to a question on Coindesk.  "This is not a new policy.” +* Coinbase shares are largely unchanged in its second day of trading , [one day after the cryptocurrency firm went public via a hot Nasdaq direct listing.](https://seekingalpha.com/news/3682097-coinbase-stock-rallies-in-premarket-trading-ahead-of-second-day-following-hot-ipo?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews) +This is something I have been pondering lately because here, and on twitter, I’ll see people ask “Im 23 and I have (x amount less than $1000), what are the best dividend stocks?”, or questions similar to that. With a portfolio that size, assuming your yield 4%, is it worth it to collect $40 annually? Wouldn’t you be better off going for aggressive growth and then using any possible gains to buy cash flow later? I don’t want to discourage beginners from getting started in dividends, as a matter of fact it makes me happy seeing people younger than me (25) get started investing because I wish I would have started younger! I know we all have to start somewhere, but it’s just something I’ve been thinking about lately. Thoughts? +In 2020 Artemis Capital Management released a paper called "The Allegory of the Hawk and the Serpent," that details now investors could protect and build wealth for the long term (100 yrs). This has been touched upon in a [previous post](https://www.reddit.com/r/investing/comments/mxaojd/the_100_year_portfolio_a_look_at_using_the_dragon/). I won't rehash everything covered there but the key points are that: + +a) Stocks and Bonds haven't always been anti-correlated + +b) The ideal portfolio will perform across differing macro environments (deflation, inflation etc.) and must hold assets that perform when Stocks and Bonds collapse. + +The version laid out in the paper calls for the following allocations: + +* 20% Gold +* 20% Long Equity +* 20% Low Risk Long Duration Bonds +* 20% Commodity Trend +* 20% Long Volatility + +I've been trying to figure out how to replicate this strategy easily, which isn't easy to do as a retail investor because of the momentum and Long Vol. components (the crux of the paper is that Artemis sells Long Vol funds for Qualified Investors). Additionally, the portfolio uses leverage to boost returns and hit a return target. + +In light of the recent bout of inflation as well as market declines I thought it would be an interesting time to put this portfolio to the test. I also discovered a platform, [Composer](https://www.composer.trade/) that made it easy for me to recreate. + +[Here](https://app.composer.trade/symphony/UW3aJor3qOT9fcQXOVPp/details) is how I designed my portfolio. You'll notice that the allocations differ slightly from what is outlined above and that is mostly to reduce costs related to holding VIXM as well as to prevent my portfolio from being overly conservative. Additionally, I used levered ETFs for leverage instead of account level margin. + +&#x200B; + +&#x200B; + +https://preview.redd.it/mfkny2s8b1f81.png?width=1794&format=png&auto=webp&s=6147e5c8dba46a4e68d3f5774c99a05853e067f7 + +As you can see from the backtest the portfolio outperformed the S&P over the past 6 yrs.  + +&#x200B; + +https://preview.redd.it/g29lde3eb1f81.png?width=1794&format=png&auto=webp&s=e494b16602a1372360ae5a17ee5f24363de75c48 + +Zooming into the events of the past couple of months it seems to track the market pretty closely. I'm going to put some money in to it to see how it performs. + +https://preview.redd.it/dd0fl02hb1f81.png?width=1182&format=png&auto=webp&s=da29c58e7c61fd6d09b55d0acc215b337ab4c4d9 + +It also seems to have lower drawdowns and a higher Sharpe ratio than the S&P 500. + +Any feedback or advice going forward is appreciated! +I currently am at about 75%VOO & 25% VUG in my Roth, & I am about to add $1600 to it, which will max my $6000 contributions for the year. I was going to add (4) more shares of VOO, but was thinking about adding (20) shares of SCHD instead. Any thoughts on which would be a better add? +Yesterday for one of my posts, I got a reply that S&P 500 and NIFTY 50 have a very low correlation. I checked the wiki page of the forum which says the same. This was contrary to what I read. + +[https://economictimes.indiatimes.com/markets/stocks/news/in-the-past-15-years-nifty-has-moved-in-tandem-with-sp-500-heres-why/articleshow/48667534.cms?from=mdr](https://economictimes.indiatimes.com/markets/stocks/news/in-the-past-15-years-nifty-has-moved-in-tandem-with-sp-500-heres-why/articleshow/48667534.cms?from=mdr) + +[https://www.moneycontrol.com/news/business/markets/daily-voice-correlation-between-india-and-us-markets-is-about-70-80-naveen-kulkarni-5820541.html](https://www.moneycontrol.com/news/business/markets/daily-voice-correlation-between-india-and-us-markets-is-about-70-80-naveen-kulkarni-5820541.html) + +So I did some data analysis of my own. I have taken data from [in.investing.com](https://in.investing.com) and the indices are total return indices. And correlation was calculated by Excel formula between the returns. + +My suspicion was low correlation was seen when daily returns are considered. Sure enough, I got a correlation of 0.11. If I consider weekly returns I got a correlation of 0.55 and for monthly returns 0.66. I did not check yearly returns as data would be less but I guess it will be even more along the lines of the money control article. + +My suspicion of low correlation is mainly due to the performance graphs look almost the same. As a communications graduate who has to study a lot of probability, I know that can be deceiving and hence had to do this analysis. + +Conclusions + +1. The correlation is low for daily returns. +2. It starts increasing as the duration increases. Makes sense as daily returns are mostly noise and rolling averages smoothen and give a better picture even in the analysis of a single index. +3. It is still not >0.95 correlation but I suspect over the long term we can see a correlation of 0.8. +4. In this era of globalization, the indices should show more correlation as information is instantly available. +5. The S&P500 should still provide some hedge against local changes in the Indian market. It is just that in the 2000s we did not have any local event making us move differently. +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). +We have the land, the plans and building permissions but right now some material costs are rather high. Is there any sense in waiting a year to build our dream home? It means one year less with our dream home but could result in quite some massive savings? Im not sure right now what I should do. Maybe material costs stay that high and all I would do is loose some time? Thoughts? + +Edit: Great replies. I ll pull the trigger! +I have applied for computer engineering masters and confident that will into top 20 colleges. So far I have one admit in ASU (safe for me). I can't decide how to fund my masters though. The government guideline value is much less than what the actual rate is. So I cannot take an education loan with that property as collateral. NBFC like Credila offer collateral-less loans upto 45 lakhs but the interest rate is floating and very high. What should I decide on for completing my masters dream. +I have no debt, but I also have nothing saved for retirement. I was crazy (literally and figuratively) in my youth and am trying to play catch up on alotta things, trying to figure how this settling down and being an adult thing all works. + +I know saving is essential, but I’m also sick of throwing money away on rent. I have about 10grand in the bank, and bring home about 48 a year. + +I will be sitting down with a financial planner and a mortgage broker soon to see what’s what, but would like to hear opinions here! + +Edit: +My employer does not offer anything, no IRA, nada +Hello Everyone, + +I’d like to issue a formal apology. A few months ago, I signed up for a mailing list with Stockzoa for whenever Citadel files anything with the SEC. This morning I received an email from them which included the following information: + +[https:\/\/stockzoa.com\/fund\/citadel-advisors-llc\/](https://preview.redd.it/bf8so2nffji71.jpg?width=989&format=pjpg&auto=webp&s=fc0c79bccb3e4a812747017a4331d358cd358cec) + +I made the one flaw I have preached to others, don’t get excited and post things on here without double, nay, triple checking your sources. Due to comments indicating that the post was misleading, I went ahead and opened the 13F filing for Citadel on the SEC website, and indeed found my information to be inaccurate. I have since deleted the post and apologize for getting people as excited as I was. I have not seen Stockzoa put up misleading 13F information previously, so I was surprised to learn that the information was inaccurate. Let that be a lesson to me. + +This will be the one and only time I make this mistake. I appreciate everyone who quickly checked the information and called me out on it. It shows that we are better than MSM in that we are in search of the truth, and not what we want the truth to be. +One of the things that amazes me currently in this market is that, it feels like we are trying to justify every new coming hot tech/growth company as if they are the next AMZN in their field. I think one of the delusions people are having lately is that they look at what people projected for AMZN 5-10-15 years ago and compare that to what actually happened. + +While it is true that AMZN exceeded any sort of expectation by a huge margin (and did this consistently, year over year) it feels to me that we are taking perhaps one of the most unique success stories ever and then extrapolate that to others, thinking that as if those sort of growth and expectations are in fact more common and easy to achieve than not, regardless of the industry the subject company is operating in. + +I could discuss this for a number of stocks, I wanted to open discussion for TSLA. As we all know, TSLA stock went up almost 8 fold in the last year. Today, it is common occurrence in the market that analysts are justifying these price levels and state why TSLA is just more than a car company. This argument obviously has its own merits, but aren't we little ahead ourselves and already attribute *from today,* all those things that could potentially be achieved and bake it into the price? + +If we went back in in time, we could probably say AMZN was more than just a book company, but could we really say that they would have almost monopolistic power in most of the areas they operated in? Could we really say back in 2008 that AMZN would emerge the market leader in something like for instance Cloud? Or, did these things happen and then we realized how great AMZN became, *after the fact.* It feels like this was much easier to do in hindsight. But what if AMZN is truly that one outlier, anomaly, in the history of stock markets in terms of sustained growth and market power? + +Isn't this what we are trying to do with TSLA here? I do think Elon is one of the greatest minds of our time and can achieve far beyond any other has achieved so I am not comparing Bezos or any other with Elon here. But what I am trying to say is that, just thinking TSLA as a company, aren't we already saying today that they already have monopolistic power in EV cars, autonomous driving, solar-energy trade, underground tunnels, robotaxis, etc. - you name it, as if they are already there and waiting to be switched on? It's as if we have already attributed everything we could imagine could happen and already announced TSLA as the winner. + +Now this is the theory side of things. **How about financial side of things?** + +I don't want to approach this from a car sales point of view, but I will make certain comments. + +But what if we applied AMZN's growth trajectory into TSLA, without focusing too much on car sales, and just see what growth and valuation that would lead us? If TSLA is just more than a car company, what other example could serve best in terms of growth, thinking from an array of products and technological advantage perspective? + +So I did a quick and dirty DCF calculation. In there, my starting point is the first year when AMZN hit $24 billion in revenue, which is 2009. TSLA achieved it's $24 billion in 2019, so from there onwards I am applying AMZN's growth trajectory for the following 10-11 years. Then, growth is gradually reduced in going into the terminal year. What this means is TSLA will be roughly $900 billion revenue generating company by year 20 (2040). From a car sales perspective, I can't really project how many cars it could sell in 20 years, but lets say it is 10 million cars. (I think GS said 15 million). Toyota in 2019 sold around this number I believe so with all the competition that will happen in this space, I think this is by no means and under-estimation. In 2019, TSLA sold roughly 367,500 cars and for a total revenue of $19.2 billion (excluding regulatory credits). On average this equates to $52k per car. In 20 years, car prices will be higher than what they are today obviously, but there will be competition and economies of scale to bring the price down. This one is hard to assume but let's say it grows 1.0% - 1.5% per year with long term inflation, again not necessarily higher because of these offsetting factors. If they do indeed sell 10+ million cars, this is roughly $600-650 billion from cars. + +This leaves you with another $200-250 billion or so for other things, whatever you want to attribute this for - AI, robotaxies, insurance, and so on. Now this figure is a future value, so from today's perspective (using a discount rate of 8% used in my DCF below) that's roughly $60 billion (revenue). This is again a huge number, as it is almost another Facebook, 2x Coca-Cola etc., or half of GM/Toyota type business from revenue generating capability, again, from *today's perspective - none of which has already happened.* + +Once again I want to point out that my revenue projections are not driven by bottoms-up car sales, rather, I am using simply AMZN trajectory in terms of growth, then try to attribute the resulting final revenue figure into parts, obviously majority being from car sales, and the rest from whatever you can think of. (Simply because we don't know what AI/Robos/Insurance/Transportation businesses can generate from revenue/profitability/market share perspective and more importantly what the competition in those areas can be). If you think TSLA can grow even more than AMZN, then I just want to remind you that you won't easily justify 40-50% revenue growth rates once you're in the 50+ billion zone, which is the point of the argument. AMZN, still achieved those growth rates when it had 100+ or 200+ billion, which is what we are already assuming here. + +So in the stock price we have baked in, from a revenue perspective, a car business that will sell at least 10+ million cars (this number can obviously be higher but even 10 million will be big market share), and other businesses that are worth, today, more than most companies you can think of. + +Now this is the growth side of things. How about margins? + +We know TSLA generated a last twelve months EBITDA margin of 14% as of Q3 2020. While margins from car manufacturing is certainly improving, most of this margin is actually attributed to sales of regulatory credits, which are by definition almost 100% profit. And so in reality, the margins are much lower, maybe around low single digits between 1-5%. Now this is important because even with all this revenue growth (and if you disagree with me and think it will even be higher), you still need to achieve big margins on your business. I mean really really good margins, we are talking about 15-25% each year. Interestingly, AMZN, while growing its top line crazily over the years and becoming a behemoth as it is today, always lacked in terms of their margins. That goes without saying they are a tech company that typically exhibit great returns on capital. So the point is they had to sacrifice their margins to be able to achieve this growth and this is an important point. + +In my DCF, I am extremely generous. I kept TSLA's EBITDA margins at 15% for the next 3 years, bumped to 17.5%, 20.0%, then to finally 25.0% every 3 years in going forward. Once again these regulatory credits will not be there forever so those margins are extremely optimistic at this point. They might indeed achieve 25% margins in 10 years or so but it won't be this smooth. + +With these two major factors, other items in the DCF are not super important. The discount rate is 8.0%, which I believe is reasonable, NWC and Capex assumptions are in line with what they are today and I don't think they would necessarily go down (if not go up). I just want to mention that you may completely disagree with some of the assumptions I outlined above. The point however is no matter what sort of DCF you come up with, you will end up either with lower or slight higher value for TSLA, using very, very aggressive assumptions for 10+ years. So the point and question is around the **margin of safety** here. + +It seems I can't directly post pictures so here is the link for the DCF: + +[https://ibb.co/mSHDcBh](https://ibb.co/mSHDcBh) + +You might wonder, well your price is even higher than what it is today so why did you write this. + +Once again my whole point in the argument was that the margin of error in TSLA's stock price right now is non-existent, because we've already treated it the next AMZN, gave the best margins possible, attributed big bucks on its other stuff. I think my DCF is still in the unreasonable side, but I wanted to point this out that even a s*light change in trajectory would mean a totally different path and stock price for TSLA.* + +So the question is, are we ahead of ourselves with TSLA? This could also apply to others as well, this so called growth companies. It is as if we are pricing everything today and think that they have already achieved incredible market share in everything they touched and it's only a matter of time that these revenue/profits are realized. Are we taking one anomaly and applying this rationale for every other great company under the name of "it's tech"? Elon is great and TSLA will be great. But the business model may not just allow them to be the next AMZN, regardless of technology or improvement. + +One final comment I will make is related to autonomous driving and data TSLA is collecting. While it is for certain that this data gives TSLA an incredible power in developing this technology, I see couple of issues with this as it relates to future of this thing. + +Companies such as Facebook are big not because of their software, but because of the network effects they exhibit. And because of those network effects they become larger and larger and are able to collect more data, which creates an incredibly profitable cycle for them as they can monetize that data right away. Data for TSLA here only matters in developing that technology. Monetization however, is another story. + +What I am not entirely sure with all this AI story is that if it needs to continuously get updated for use, then how do regulators/companies determine the older version was safe to use to begin with. What I understand is that AI is something that needs to get constantly updated based on data, challenge here is that you are carrying people's lives here (as opposed to targeting ads) so there needs to be an infliction point where the full autonomous driving AI software should be at a point where it is certainly 100% safe to use. Because if it is not, then the technology fails until it reaches to that point. If it does reach out to that point, then how difficult is it going to be for others to get to that point or use similar technology if what you need is to get from point A to B safely. + +Besides there is the price factor in as well. Let's say TSLA is the only one who can do this. If autonomous driving is too expensive, then how much will people pay for it? Say if the car is 50k and you have to pay extra 50k on top of that - would you do this? Would this have a cannibalization effect? Or if it is monthly subscription fees, would you go on to pay this forever? How significant will the cost be in 20 years from now when others presumably also start providing some sort of service. + +On the other hand, if it is not expensive and only a fraction of the car price, then how are you going to achieve these growth levels with that data and technology to begin with. It is one thing to have a great technology, another to monetize it. They might license it for sure, but then you lose all that power right away. So the question then becomes, will it be a niche product or commodity at the end of the day - either of which will not allow you to have incredible returns. + +What are your thoughts? +There was a post a few days ago from a stable genius about purchasing the 1k homes in Detroit to create an autist shrine. I'm a cuck and my boss made me come in on a Saturday, so I decided to do some more DD on this investment opportunity. I created an account at [buildingdetroit.org](https://buildingdetroit.org) and it turns out that Detroit city employees can get these homes for 50% off. The land itself has to be worth more than $500. I am proposing that the WSB community apply for positions within the Detroit city government. First, we need to get some autists to work in the HR department. An unlimited amount of positions could be created within the government. We are also going to need some autists to work in the tax department so that we can get rid of the tax liens. There also seemed to be some concern about the asbestos issue in the original thread. The asbestos would give us access to mesothelioma money you always hear about on TV, which could, in turn, be yeeted back into the market. I don't see how this could go tits up. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Great MSM coverage (check out the CNBC video posted) +2. EIP 648 - a scaling solution to help address ICO congestion - simply amazing in thought and just response time from the devs +3. Price is holding steady very well, will not go below $300 +4. Gdax refunding customers - a big move that brings a ton of institutional legitimacy to the space + + +Did I miss any? Strap in boys, I have a good feeling about this weekend. +Nifty pe has gone above 30. What are the views of folks here on this? Are we in for a correction? https://twitter.com/SumitResearch/status/1288388493832417280?s=19 +I convinced a friend of mine to invest in GME last august. I thought the august run would be the last and didn’t want him to miss out. + +He doesn’t know anything other than his “GME shares could pay off his house within the next year.” + +That’s how I pitched it. + +Yesterday we were hanging out and he was bitching about GME being down 50% and that he won’t take investing advice from me anymore. + +Being how convicted I am. I wasn’t in the mood to hear it so I said: + +“Then sell it….” + +Know what he said? + +“Fuck no. I’m not letting you get rich without me.” + +He doesn’t know ANYTHING about GME. He doesn’t know about FTDs, swaps, baskets. He doesn’t even know what a market maker is. If you asked him about citadel he would say “what’s that?” + +Here is my point. The fear of missing out on life changing money is greater than the fear of losing whatever sum we have invested. + +They could take this shit down as far as they like. They could write any FUD headline they could think of. + +#We can’t sell our shares. + +Psychologically, from the wisest of apes to the people who just kinda heard about this and decided why not? + +We literally can’t bring ourselves to hit sell. I would almost say it’s impossible. + +If I was a shorting hedge fund or bank, I would be sick to my stomach. Because I would be totally fucked. +In the spirit of the season (to those of you not celebrating Christmas— +Happy holidays to you as well!), I thought it might be fun to discuss ways in which you show or have received affection from your loved ones. + +Sentimental gifts, useful everyday items, experiences and trips— what stands out? +**TL:DR:** GameStop needs to become a gaming brand that people can connect with. Not a soulless corporate retailer. They can do this by pulling a 100 Thieves and sponsoring content creators. More nitty gritty YouTube technical stuff below. + +Edit 1: Holy shit guys, thanks for all the love and support!! + +I was checking r/Superstonk this afternoon like I usually do and saw a screenshot of u/brrrrpopop talking about how atrocious GameStop's YouTube channel is and how they could be the next IGN or GameSpot. + +https://preview.redd.it/be0npf8nfp571.png?width=591&format=png&auto=webp&s=6b143e8e4fcb9b4557ef302179727b3a09cdf070 + +He asked someone to write a DD with recommendations to GameStop so I thought I'd rise to the occasion! :D I've been working as an editor / manager for YouTube channels for 5 years now and have been studying it non-stop for years. I worked as a manager for the leading YouTube production company [Render.GG](https://Render.GG) and have worked as a contractor with many other channels. I've seen how powerful YouTube can be when used properly. I can't imagine how well GameStop could utilize YouTube with all the resources at their disposal. Even if they devoted a fraction of their budget to getting this thing off the ground, it could be huge for them. Let's talk about it! + +# YouTube Gaming is Already Massive - And It's Growing + +In 2020, YouTube Gaming had it's biggest year ever. **100 Billion Hours of gaming content was watched in 2020.** That's TWICE as many hours watched as 2018. Of course, a lot of this had to do with COVID. But this isn't a fluke. The global video game market is expected to hit $204 Billion in 2023 - up 15% from where it is today. YouTube Gaming will keep growing with it. Let's take a look at GameSpot and IGN's YouTube channels and compare them to GameStop's: + +&#x200B; + +https://preview.redd.it/ix9ltvhckp571.png?width=2332&format=png&auto=webp&s=33b4d8405fe134059dd1275082448fbc7281a37c + +&#x200B; + +https://preview.redd.it/cxcjn5pfkp571.png?width=2333&format=png&auto=webp&s=f4386dc421ed48b90bcdff1f742bef07c44038a9 + +GameSpot's YouTube channel has garnered 300,000,000 views in the past year alone. Their channel art is catchy and colorful. The thumbnails are varied and somewhat interesting. (I think GameStop could blow both IGN and GameSpot out of the water but I'll get to that later). + +IGN's YouTube channel has garnered 2,200,000,000 views in the past year alone. Their channel art is modern, catchy and **relevant.** 'Summer of Gaming 2021.' Their thumbnails are also fairly interesting. Both GameSpot and IGN probably make millions off of YouTube ad revenue and sponsorships every year. The kicker is **I know GameStop could do way better.** But let's take a look at GameStop's channel in its current state: + +&#x200B; + +https://preview.redd.it/1nj67j92lp571.png?width=2338&format=png&auto=webp&s=198f1788453ea7e55371f942f3c0855dc87cca9f + +What the fuck is this?? This looks like an amateur podcast channel. The banner is lifeless and uninspiring. Their descriptions lack any semblance of decent SEO. The thumbnails are boring as hell. The production quality in these videos is abysmal. In the hyper-competitive environment of YouTube Gaming, this channel doesn't stand a fucking chance as it is. (I love you GameStop and RC, just being honest here). This speaks to a larger problem that GameStop has that I'm going to cover next. . . + +# How GameStop Can Blow Both IGN and GameSpot Out of the Water + +GameStop still has a huge opportunity to capitalize in areas that IGN and GameSpot aren't. Let me explain. + +1. GameSpot and IGN are huge but they're like cold, corporate news outlets. I haven't met, known or heard of a single gamer in my entire life that feels any personal attachment to GameSpot or IGN. In today's business world, consumers want real connection. Everyone is sick and tired of the clinical corporate shit we see every single day. This is where GameStop has the biggest opportunity in my mind. They need to pull a 100 Thieves and become a real gaming brand. Not just a retailer. A BRAND that people can connect with. For starters, they should probably rebrand their YouTube and all their socials with some legitimate design work. Next they should do what 100T did; go sponsor tons of streamers and content creators with existing followings and actually connect with the viewers. Work out partnership deals with those streamers that incentivize their viewers to purchase through GameStop. Create top tier content with those content creators. Have those content creators plug GameStop in their content. Create content with those personalities that's exclusive to the GameStop channel. Hell, maybe even create fire merch like 100T has done and offer them to viewers. Bottom line, GAMESTOP NEEDS TO BE A GAMING BRAND THAT PEOPLE THINK ABOUT. Not a soulless corporate entity. +2. GameStop should start publishing YouTube shorts. Somehow corporations aren't catching onto the fact that YouTube is becoming TikTok and that shorts are EXPLOSIVE. YouTube has introduced a new system called 'YouTube Shorts.' Vertical videos, under a minute long. It seems that YouTube shorts follow a different algorithm than regular YouTube videos. This algorithm is straightforward and hella powerful. If you create shorts that are entertaining and highly watchable, your channel can blow up in a matter of days. I've witnessed multiple Warzone, Minecraft and GTA channels go from 2k views / day to 1, 2, 10 million views per day simply by posting shorts. These channels start with 2k subs and explode basically overnight. Create entertaining shorts that people can enjoy and connect to. Cover as many games as you can and make them relevant / entertaining to even people who don't play that game for max algorithm juice. Publish like 5 of them every day. Shorts are the hack to the YouTube algorithm. +3. Figure out how to actually do SEO or hire someone who ACTUALLY knows YouTube to do it. The SEO on these videos is pathetic. +4. Make better use of your titles and thumbnails. Interesting titles that make people click. Instead of **'Battlefield 4 Epic Play'** something like **'Dice Forgot This in the Battlefield 2042 Trailer 😮'** or something like that. The thumbnail should add something to the title and should be well designed! The most common mistake that I see people doing all the time is re-stating the video title in the thumbnail. Come on! The thumbnail is free real estate. You get the title and the thumbnail to make people click. Make good use of them. +5. Find a way to keep up with current YouTube / Gaming trends and capitalize on them. Maybe hire someone who knows the system well. +6. Potentially delete and re-create the GameStop channel. The channel is super dead and dead subs factor HUGELY into the YouTube algorithm. + +There are so many more good things they could do with their YouTube channel as far as specific video ideas go - I could go on for AGES. But these are the broad strategic things they need to address first. + +# In Conclusion + +In conclusion, GameStop is wasting their potential with their YouTube channel. They need to hire people who know YouTube in and out and are up to date with trends. They need to find content creators that they can sponsor and get behind. They need to become a real gaming brand that people can connect with. Just imagine the sales and ad revenue they could generate from a YouTube channel that's getting **2 billion views per year or more** with a loyal dedicated audience. + +Thanks for reading! I hope this was helpful and informative to you all. I'm so excited for where the stock is right now. The MOASS has so many good things going for it right now it's crazy. Any day now my friends, any day now! Much love to you all 💎🙌 +If you think our adversaries are happy about the price being down at $20 you’re wrong. By this point in the saga they’ve successfully brainwashed the populace enough that there’s hardly anybody new left to invest in GME. It’s about 250k apes vs. the cabal we’ve all learned so much about over the last two years and that’s it. + +When it finally starts running for real we’ll have a bunch of fomo participants who have been sitting on the sidelines jump in, but I suspect the enemy will manufacture it to make it near impossible to buy during that period. It won’t technically be position close only from major brokers but it will be pop up messages saying ‘in order to buy this highly volatile security you’ve got to call in’. Wait times will be purposefully insanely long and few if any people will be able to buy. + +So this is it in my opinion, the current participants, long and short, are it when it comes to the GME play. And they know we’re not scared of the dip, that we embrace it. They’ve smashed the price four or five times now since the first rug pull during the sneeze, and they had front row seats due to being in control of the order routing to see that apes just ain’t selling. + +But put yourself in their shoes for a second. What other play is there when your back is finally and truly against the wall than to smash the price down to ridiculous lows? They know we’re not selling at $50, $100, $250, and so on. And everything points to their whole game collapsing due to margin requirements if the price were to run up to even $100. + +They couldn’t leave the price where it was in the mid to high 20s because while it was boring price action over the last four months we all kept buying and direct registering anyway. + +So if they left it in those mid to high 20s that would indeed be going out with a whimper as shares outstanding were all slowly but surely registered up until their breaking point. + +Going out with a whimper is not in the enemy’s psychology. These are psychopaths who have always gotten their way, who use fear and intimidation as their sword and shield. The current situation is unfathomable to them, the last two years is unfathomable to them. It’s fair to say they’ve never encountered something like this, where their trusty, relied upon tools of manipulation, fear, control, and intimidation fall upon deaf ears. + +I say to all of you who are short GME or colluding with those short GME, I will never sell. Never. There’s nothing you can do to change my mind. Get this sub taken down on false pretenses, have your slaves in MSM write more of your lies, smash the price down as low as you want. I’m going to keep buying, holding, and putting my shares in DRS book no matter what and I know beyond any doubt that there are at least 250k investors who will do the same until the job is done. +So I'm not sure this is the correct sub for this but I wanted to get everyone's opinion on this. +My Mum inherited approx £1million in 2005 from her parents who both passed away that year. I knew my grandparents were wealthy but ignored it was that much money. +My Mum has limited financial knowledge and always told us that this money would be for her children when she would pass away (nothing before). +Dad works in finance as a stockbrocker so he offered my Mum to pay her 2% APR to be able to use the money to buy stocks and keep the profits to himself. + +So my question is, am I right in thinking my Dad is scamming my Mum and she has lost out on so much potential profit by going into this deal? + +Also I do not get on well with my Dad (neither do my brothers) so all the money he has made off this deal, he will keep to himself. + +What are everyone's thoughts? +FUD will continue to get worse and worse as time progresses. The shills are evolving and getting better at creating FUD that looks like a legit post. This is absolutely nothing compared to what DFV has dealt with because we now have support. He didn't have support for a very long time. + +Seriously this guy is amazing. His determination and willpower is absolutely inspiring. He did his own research and stuck with the DD instead of letting his emotions get to him. No doubt he had some sleepless nights debating in his own mind wether or not he made the right move but in the end he stuck with his own research and the deep value he saw in the stock. + +He delt with more FUD than any of us ever have or ever will in the future. I completely believe shills were targeting him even back when he first started talking about GME. But what he really had going against him was that just a small group of people saw what he saw and he had little support. Most people ripped into this guy for making what they thought was a stupid bet. He continued to post updates win or lose... + +He still stuck with it and now look. He's a multi millionaire and probably gonna be one of the wealthiest people on the planet from this. This man held for so long and didn't sell a single share. He only sold half his ITM calls and most of that profit went to quadrupling his position in the common stock. + +TRUST THE DD! DO YOUR OWN RESEARCH!! THE NUMBERS DON'T LIE!!! EVERYTHING ELSE IS JUST SPECULATION OR FUD!! +Gary D. Cohn, President Trump’s top economic adviser, plans to resign, becoming the latest in a series of high-profile departures from the Trump administration, White House officials said on Tuesday. + +The officials insisted there was no single factor behind the departure of Mr. Cohn, who heads the National Economic Council. But his decision to leave came after he seemed poised to lose an internal struggle amid a Wild West-style process over Mr. Trump’s plan to impose large tariffs on steel and aluminum imports. + +“Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again,” Mr. Trump said in a statement to The New York Times. “He is a rare talent, and I thank him for his dedicated service to the American people.” + +Mr. Cohn is expected to leave in the coming weeks. He will join a string of recent departures by senior White House officials, including Mr. Trump’s communications director and a powerful staff secretary. + +Yet the departure of Mr. Cohn, a free-trade oriented Democrat who fended off a number of nationalist-minded policies during his year in the Trump administration, could have a ripple effect on the president’s economic decisions and on the financial sector. + +https://www.nytimes.com/2018/03/06/us/politics/gary-cohn-resigns.html + + Feels like it should be a bigger story they’re creating a recession on purpose and openly admitting it’s to crush labor. Lot of people are going to suffer and lose their jobs so employers can rest easy knowing their workers can’t demand better pay and/or conditions ... +As of market open, Nio, Xpeng, and Li had market caps. of 71, 35, and 31 billion, respectively. This totals 137 billion. Gm, Ford, and Fiat Chrysler are worth 57, 33, and 29 billion, respectively. This totals 119 billion. + +&#x200B; + +Anyone have thoughts on this? +I am 21 years old and I live in India. I am fairly new to real estate investing. In India, the condition of real estate is slightly different. The builders are selling homes for almost 10 times the price they bought it for. So no one is really interested in buying these houses. There is a very slow depreciation of prices of homes since many years. The correction of these prices were ongoing but covid-19 stopped that from happening. So there is a very less demand of real estate while the inventory is quite a lot. On the other hand, the interest on home loans here is 8-12% which is almost tripple than other western countries. So strategies like brrrr dont really work here. One can use appreciations for gaining profit but that too is not guaranteed which is suggested by the previous trends. I am currently an engineer and my job is quite high paying. So I basically wanted to know how can I go about with real estate investing in India or any other alternatives if you can suggest. +this is, in a way, a repost of my post from last week that went up on WSB here [https://www.reddit.com/r/wallstreetbets/comments/lcry4s/hey\_sec\_remember\_one\_week\_ago\_today\_when\_wsbs/](https://www.reddit.com/r/wallstreetbets/comments/lcry4s/hey_sec_remember_one_week_ago_today_when_wsbs/) + +It was up for about 3 hours...in that time it made not just top post on WSB but top of all reddit before a mod pulled it off WSB. This post was pulled AFTER the new mods were supposedly restored to order...as most of us here know OG WSB remains fully compromised even though current group of mods \*reaaaaalllly\* wants us to believe it's not. + +This is an important fucking message that I'm not seeing expressed clearly and often enough. The sentiment here was inspired by our boy Chamath (see [https://twitter.com/EliBurton\_/status/1356845673908297728?s=20](https://twitter.com/EliBurton_/status/1356845673908297728?s=20))... + +We should be absolutely fucking enraged over 1/28 because it clearly demonstrates that THIS IS NOT A FREE MARKET AND THERE'S NOTHING STOPPING THEM FROM DOING IT AGAIN. These motherfuckers should be placed in prison immediately over this... + +The thesis on GME was almost certainly correct and THAT is what we were trading on, it was demonstrably working and they simply pulled the rug out from under...multiple brokerages stopping the purchase of a security (SERIOUSLY, WHAT THE ACTUAL FUCK) effectively killed the upward momentum of the stock price saving HF's BILLIONS which is absolutely FUCKING UNACCEPTABLE. + +Positions: 122 shares GME @ $75....I just keep holding and upping my position to dollar cost average down. Originally GME for me was "let's see if I can make a quick play off these shorts" and has moved on to "FUCK YOU - I'll ride this motherfucker into the ground on principal..." and also, "Fuck the stock market anyway...DeFi is the future, I'm moving 50% of my portfolio to crypto where the game isn't rigged against me" + +If FUD hasn't rotted your autistic smooth brain and you're still diamond handing GME there are important dates we should be holding through, most notably...2/18: DFV, RH's VLAD and that Citidel HF shithead will testify in congress...and also 3/25: GME earnings report + +BTW, any HF Shills here commenting (yes, they're here too) can preemptively suck my dick... + +TL:DR: just read the title and HF shills suck my dick +Edit: Thank you so much for the awards. Can I buy some HOGE with it?? + +Tokens/Coins with low market caps are fueled by positive news, social media promotions (Elon), new exchange listings and last but not least the community. This is an overview to remind you that we are just at the beginning of the HOGE era. I never invested in a low market cap coin, but I am very glad that I did and I will fill up my bag continuously. + + +HOGE will be listed on new exchanges. +Currently we are listed at Uniswap, Whitebit, Bilaxy and 1inch exchange. BKEX announced to list HOGE soon and many more exchanges and brokers will follow. A quick list of other some exchanges: Kraken, Bittrex, Poloniex, FTX, OKEx, Gate.io, BitMax, WazirX, Big one, Thodex, CoinEx and last but not least BINANCE. +There are many many people and investors out there that hesitate to buy tokens via Uniswap and pay high ETH fees (like I did before HOGE). Once HOGE is available on a known exchange/broker with other pairs besides ETH/HOGE, the nooby investors that hesitated before will buy HOGE. +Have you ever heard of the coinbase effect? Don't get me wrong a listing on coinbase is actually unlikely, but this effect is transferable to other listings. + + +HOGE will be promoted on social media platforms. +McJuggerNuggets announced yesterday on his 400k follower Twitter that he will do a video on the "HOGE phenomenon". He has 4 million subscribers on YouTube! +Other influencers, YouTubers, twitterer and so on will follow. Share with us if you know about any other social media content to come. + + +HOGE community hasn't reached it's full potential. +We are currently ~13,500 HOGLERs (we were 8,600 on 9th March 2021) and only ~1,500 people in this Reddit. These numbers are growing exponentially in the following weeks and months. I haven't seen many memes yet but I know that our community, once we are bigger, will produce memes and content on the fly - which will attract other investors. + + +HOGE is not like DOGE. +If you invest in DOGE you are battling an inflation rate that is bigger than a fiat inflation rate. That means that if the supply and demand side remains stable the value of DOGE goes down due to the high inflation. +HOGE on the other side is a deflationary currency that started with 1,000 billion supply and is decreasing constantly by burning 1% of each swap. So the tokenomics are working ongoing towards increasing the value of each and every token. +That means that if demand and swap rate goes up, more tokens are burned and our tokens will increase in value, while HOGLERS also gain 1% staking rewards with every swap. + + +HOGE will develop further. +Check out the roadmap on hoge.finance and you will see that we are just at the beginning. Games, partnerships, audits, memes, NFTs, a HOGE e-commerce system and other milestones will follow. These achievements will attract new investors. + + +Disclaimer: This is no financial advice, sell or buy HOGE as you like but don't regret buying or selling too early! + +TLDR; More exchanges will list HOGE, more influencers and the community will promote HOGE. The tokenomics are more favourable than DOGE and the road map is promising +Edit- All of the kind and thoughtful responses, sound advise, and relatable stories are truly very much appreciated. I wish i could go through and respond to every comment, and i may continue to try. I’ve had time to cool down and think a little more logically/sympathetically. I figure once i submit all the paperwork to all the necessary entities, things will take their course. I don’t think we’ll be needing to press any charges from our end. She’s going to end up paying for the consequences regardless of whether or not we alienate her even further from family. + +----- + +I’m unsure this is the right place for this post, but i don’t know where else to post it. + +My mother died earlier this month and my sister subsequently attempted to drain her bank account. She was able to weasel her way into getting $500 transferred through cash app as she took my mother’s purse from the hospital only moments after watching moms last breath. + +Now I’ve found out today that she opened a credit card account in mom’s name. + +There’s not much i can do without a death certificate, which is taking the funeral home/hospital an eternity to get. + +What I’ve done so far: +-Filed police report (going to try and press charges) +-Froze mom’s bank account +-Notified social security (mom was receiving benefits) +-notified the credit card company of fraudulent card + +Basically all i get from anyone is “we need the death certificate”, which makes total sense. + +Am i missing anything? Any recommendations on what to do next? I appreciate any guidance +I've been debating sharing with this forum our experience in teaching kids how to save. ultimately, I think there are a lot of us here with kids (we're just too busy to post much), and I certainly love reading posts about people with kids and how they manage their FIRE methods. My hope in sharing this is that it'll be helpful to others and maybe even improve on the technique (and share if you do!). + +​ + +My husband and I are both avid stalkers of this forum and have been saving for years. Neither of us got any formal teaching in how to save - we just observed our parents making frugal choices and not overly-stressing over money and that more-or-less got the message through to us by mid-adulthood. Now we have 4 kids and we've been trying to figure out how to make the desire to save ingrained in a more proactive manner. I've read *"The Opposite of Spoiled"* and while we love the idea, our kids are ultimately still too young (our kids are 5 and 2.5). + +​ + +Here's where we stumbled on a surprisingly successful idea. We had been using "tokens" - ie poker chips - to reward good behavior. Start the day with 3 tokens and earn a token every time you do a big helper job (like taking out the recycle) or lose a token if you're unkind or disobedient. Tokens are not given out for their chores - each kiddo has chores they have to do every day and tokens are not awarded for those jobs done; we didn't want to get into a "pay me for doing any work around the house" scenario. We frequently remind them that the chore list grows as they get older and they've seen it happen, but because we by-large do chores as a family, there has been zero push back when we transfer jobs from token-earning to regular-chores. At the end of the day, the tokens are cashed in for sugar of various forms: right now a jelly bean is 1 token, a buttermint is 2 tokens, and an oreo is 5 tokens. The kids typically end up with a range between 3-7 tokens; on really great days they'll break 10. + +​ + +This worked pretty well for behavior adjustment, and then one of our 5 year olds had a really good day (lots of sugar at the end) and decided she didn't want to eat it all. She got a bowl with her name on it, and she saved the extra. We told her she could eat it the following day whenever she wanted - that it was hers. Our other 5 year old wanted a bowl with her name on it too, but (we were becoming wise) we told her she could only have a bowl if she saved. Now we had two kids saving candy day over day. + +​ + +They started telling the two 2.5 year olds how *awesome* it is to be able to eat candy the next day whenever you want. The littles tried it once, but ultimately instant gratification would win out. Then I decided to introduce interest. Our new rule is: if you save at least one jelly bean or half an oreo through breakfast the next day, you get *another* jelly bean in your bowl. This was life-changing for the littles - they now regularly save over and above what they have to and sometimes ask for their bowls just to count their candies. EDIT: I've had a few ask so clarification: interest is only 1 jelly bean total, no compounding :) + +​ + +At one point my 5 year olds took their candy bowls downstairs in the evening to play video games with me and ate all of their candy at once. I had warned them that it's easy to eat more than you expect while watching TV but ultimately we let them learn simple lessons the active way. And it was so exciting the next day to hear them comment to each other things like, "We shouldn't have taken our candy downstairs." "Yea, my bowl is empty and I'm sad." + +​ + +"*The Opposite of Spoiled"* is a great book and we'll definitely be applying it as the kids get older but my initial mistake was using cash - a currency kids just don't care about. By introducing small amounts of sugar as a currency instead, I feel like we're early on teaching them about the joys of surplus and the avoidance of instant gratification. What's more, they now have the terminology already in place - we talk about saving candy for later, earning interest on it. The hope is that they will have an active understanding of the power of saving from toddlerhood on. + +​ + +EDIT: Gold! Wow, I'm honored, thank you! + +EDIT 2: Thanks to the three of you who delayed FIRE to gild me :) +So what I understand is the US dollar is now very valuable compared to the Yuan, but why is this a thing? Why does China feel like they have to put measures to slow down the appreciation? What consequences are they trying to avoid? +I like strategies where I have as little input into the interpretation as possible, I can find key S&R for targets and such, but entries, exits and such I like to leave to my strategy. + +Has anyone used Helping Ashi, perhaps with Parabolic SAR or something similar for stops and had success? Thinking of testing it out and seeing what results I get in backtesting. + +Also up for discussing how a strategy like this could be managed. +For all the newbies here: we all want 1000% gains, that’s what this forum’s about. But the tokens these posts talk about are almost all shit. Even if they go up, it’s temporarily. They’re built for pump & dump, and you will get rekt if you’re new in the game. + +Instead, focus on real projects with real value. I know, they’re hard to find between all shitcoin posts on this forum nowadays, but they exist! +Hello Apes! + +Another ape and I had it in mind to post something like this periodically, so here we are! It seems to be helpful! Not just Ape no fight Ape, Ape Help Ape. WAGMI. + +I’m just acting as the messenger, hopefully I can make everyone's day better as well. No one has to be struggling or feel alone. + +—— +Hello all, so this has been getting a good reception and helping people in many ways, and I'm just so happy for that. Did everyone have a good week? Do anything for Valentine's day? Or maybe not, it's okay, you're not alone. The market is closed on Monday, and 2sday is looking to be an interesting one, so we all have that to look forward to. + + Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! Cheers everyone 🍻. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄. + +Use your gut and ape help ape! WAGMI +I've got a great job that offers a competitive salary and a low stress environment. I'm more than well compensated for my work, but it's not enough to satisfy my fatFIRE timeline. + +Those of you who have left great jobs for something with more risk (and potentially much more reward), how did you decide to pull the trigger? +\*Obligatory, None of this information is financial advice. I am simply showing connections I have found from publicly available information. + +In [Part I](https://www.reddit.com/r/Superstonk/comments/tj8fvc/my_broker_trust_issues_drs_is_the_way_some/), we reviewed Fidelity funds loaning out a substantial amount of GME shares. Shares are typically loaned so they can ultimately be sold short. + +Part II shows that since the Jan. ’21 sneeze, Fidelity has directly hired on 7 BCG employees. Some of whom are holding pretty high-up positions with Fidelity. Here’s the list ([LinkedIn](https://www.linkedin.com/) is the source): + +# Direct Hires from BCG Post-Sneeze + +* James Brennan, Vice President at Fidelity Investments + * **Hired: July 2021** + * Formerly: BCG Partner (July 2021), Principal (8/2019 – 6/2021), Project Leader (8/17 – 8/19), Consultant (8/15 – 7/17) + +&#x200B; + +* Molly Cunningham, Head of HR, Personal Investing at Fidelity Investments + * **Hired: February 2021** + * Formerly: BCG Managing Director & Partner (1/19 – 2/2021), Principal (7/14 – 12/18), Project Leader (10/12 – 6/14) + +&#x200B; + +* Priyanka Mehrotra, Vice President at Fidelity Investments + * **Hired: March 2022** + * Formerly: BCG Principal (8/16 – 3/22) + +&#x200B; + +* David Nazareth, Competitive Intelligence at Fidelity Investments + * **Hired: October 2021** + * Formerly: BCG Research Lead (9/19 – 10/21), Senior Research Analyst (6/13 – 9/19), Senior Knowledge Analyst (5/11 – 5/13) + +&#x200B; + +* Benjamin French Cobb, Vice President Social Media at Fidelity Investments + * **Hired: September 2021** + * Formerly: BCG Head of Social Media (1/21 – 9/21), Head of Global Social Media & Global Digital Marketing Senior Manager (7/17 – 12/20), Social Media Manager (8/14 – 6/17) + +&#x200B; + +* Jordan Groleau, Product Consultant at Fidelity Investments + * **Hired: August 2021** + * Formerly: BCG Product Analyst (1/19 – 7/21), Global Marketing Senior Coordinator (11/17 – 12/18), Global Marketing Coordinator (3/16 – 10/17) + +&#x200B; + +* Julia Burkett, Senior Director, Strategic Analysis & Insights + * **Hired: May 2022** + * Formerly: BCG Consultant (10/20 – 5/22) + +# Hired Prior to Sneeze (Not all Direct Hires) + +&#x200B; + +* Michael Snell, SVP, Head of Asset Management Strategy and Central Finance at Fidelity Investments + * **Hired: May 2016** + * Formerly: Principal (7/14 – 5/16), Project Leader (7/12 – 6/14), Consultant (7/10 – 6/12) + +&#x200B; + +* Mike Holtschlag, Head of Strategy & Business Development, Personal Investing at Fidelity Investments + * **Hired: July 2007** + * Formerly: BCG Principal (2001 – 2007) + +&#x200B; + +* Brian Kolle, Senior Vice President + * **Hired: October 2005** + * Formerly: BCG Consultant Intern (6/04 – 8/04) + +&#x200B; + +* Scott Levy, Director at Fidelity Investments + * **Hired: 2019** + * Formerly: BCG Consultant (2011 – 2013) + +&#x200B; + +* Che Yii, Sr. Director, Program Management at Fidelity Investments + * **Hired: March 2018** + * Formerly: BCG Sr Business System Consultant (2008 – 2012) + +&#x200B; + +* Cindy Reuter, Operations & Strategic Planning Director at Fidelity Investments + * **Hired: October 2011** + * Formerly: BCG Lead Financial Analyst (1/11 – 10/11) + +&#x200B; + +* Keith Bernhardt, Vice-President and College Products + * **Hired: August 2008** + * Formerly: BCG Management Consultant (2001 – 2003) + +&#x200B; + +* Lisa Welsh, Senior Executive at Fidelity Investments + * **Hired: April 2012** + * Formerly: BCG Executive Assistant (6/1982 – 1/07) + +&#x200B; + +* Allison Buttle, Board Program Analyst – Content Management at Fidelity Investments + * **Hired: October 2010** + * Formerly: BCG Executive Assistant (3/05 – 10/10) + +&#x200B; + +* David Lang, Senior Vice President Relationship Management + * **Hired: 2001** + * Formerly: BCG Financial Controls Manager (10/1995 – 5/01) + +&#x200B; + +* Nathan Strik, Energy Investment and ESG Insight and Thought Leadership + * **Hired: 2002** + * Formerly: BCG Management Consultant (1998 – 00) + +**This is most likely not a comprehensive list.** + +If BCG is comparable to 💩, what does that make Fidelity? Who has a lot of former BCG staff members as current employees, in some relatively high positions within the company, including 7 BCG direct hires since the sneeze. Trustworthy? + +Here's an educational link on GME's Transfer Agent, [Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +Tanks fo reedin + +&#x200B; + +Edit: Grammatical +**What are FTDs?** FTDs are Fails-To-Deliver, meaning that when it was time to settle the trade, the seller couldn't provide the asset that they had "sold" 2 days ago. Small numbers of FTDs are present in many securities, but large numbers of FTDs are associated with naked shorting. Since naked shorting is by definition selling something you don't have, it can be pretty hard to deliver on time. + +**What is DFCF?** Well, DFCF is a pretty boring-looking ETF. It holds 3 types of assets: US Treasuries, mortgage-backed securities, and corporate bonds. It would be nothing at all out of the ordinary if not for the way it has been behaving since its creation on 11/16. + +**Why should we care about DFCF?** I believe DFCF may be one of the most brazenly nakedly shorted securities ever. One merely has to get to the first line and see that *99.7% of day 1 trading volume FTD'd* to realize that something is massively wrong here. + +The "Min FTD %" column is the most conservative possible fraction of that particular day's volume that ended up FTDing on T+2. The actual value could be and is much higher on many days, because some FTDs will be created on the same day that others are closed, but since we can only see the daily total we can only be certain that FTDs are created on days when the total goes up. This is why some days are 0, even though it is extremely likely that some or all of those days created FTDs as well. + +Note that FTDs only show up on T+2, which is why the FTD % column reflects the FTDS for 2 days later. + +Date | DFCF FTDs | DFCF Volume | Min FTD % | Notes +------|--------------|----------------|--------------|-------- +11/16|n/a|586542|99.7%|Fund starts trading +11/17|n/a|204533|31.1%| +11/18|584864|31158|54.2%|**The entire volume of day 1 trading FTDs** +11/19|648416|17586|82.3%| +11/22|665304|10985|34.9%| +11/23|679888|28847|0%| +11/24|683720|26685|0%|Threshold listed as soon as it possibly could have been +11/25|n/a|n/a|n/a|Thanksgiving +11/26|2925|19603|.020%|**Magically, 680k FTDs are cleared on 20k volume** +11/29|1349|204783|34.8%|Spike at 10:48 +10% and back, most action DFCF ever had +11/30|1743|128043|74.9%| +12/1|73059|123536|95.0%| +12/2|168903|35827|0%| +12/3|286230|54514|0%| +12/6|15655|58123|6.66%| +12/7|8683|84785|3.26%| +12/8|12553|75669|81.1%| +12/9|15319|319720|83.2%| +12/10|76673|77459|0%| +12/13|342561|130651|43.1%| +12/14|3934|64783|0%| +12/15|60247|55454|18.9%| +12/16|12310|39927|41.5%| +12/17|22818|74337|0%| +12/20|39396|34741|0%| +12/21|17352|116748|0%| +12/22|1991|392286|6.92%| +12/23|1392|235832|33.4%| +12/27|28522|57969|0%| +12/28|107240|244170|0%| +12/29|13984|149657|1.84%| +12/30|1759|194918|unknown| +12/31|4507|15293|unknown| + +Minimum number of trading days above 80% FTD rate: 5 + +Minimum number of trading days above 95% FTD rate: 2 + +For comparison, MEME, another new ETF (edit: which currently holds 3.37% GME), so we can see that this abundance of day 1 FTDs is not normal. MEME, like DFCF, did indeed go on the threshold list as soon as it could have (actually one day later), but does not show the same absurdly high daily FTD rates. + +Date | MEME FTDs | MEME Volume | Min FTD % | Notes +------|--------------|-----------------|--------------|-------- +12/8|n/a|81814|2.99%|Fund starts trading +12/9|n/a|57254|30.6%| +12/10|2446|60516|16.7%| +12/13|19942|25591|1.39%| +12/14|30064|16865|0%| +12/15|30420|18286|0%| +12/16|30197|13061|0%| +12/17|22640|16729|0%|Threshold listed +12/20|1209|8921|7.49%| +12/21|127|11183|0%| +12/22|795|4311|.557%| +12/23|679|3404|0%|Last day on threshold list +12/27|703|3008|0%| +12/28|28|3493|0%| +12/29|28|18514|0%| +12/30|24|5237|unknown| +12/31|0|7087|unknown| + +**What does this mean?** It certainly looks like someone is using DFCF to aggressively short the housing market, US treasuries, and corporate debt. So like most of the economy. This looks to me like a big player is realizing the crash is coming and trying to get ahead of it, just like Goldman Sachs and others did in 2008. + +**What happened on 11/26**, when somehow 680k FTDs were cleared on a day that saw less than 20k total volume? 11/26 just so happens to be Black Friday, a half day of trading when the S&P was down over 2% and was one of its worst days in months. And it's not the only day we saw more FTDs cleared than trading volume, it happened again on 12/6 and 12/14. + +I attempted to find any other references to this in any media and came up with nothing at all. There were a few puff pieces that mentioned DFCF as a promising new fund and said nothing substantive. Think about that for a moment. 99.7% of the day 1 trading of a new fund was likely fraudulent, and nobody noticed? **Why am I, a rando on the internet, finding this rather than "investigative journalists" or the SEC?** It's from the SEC's own documents, the very least they could do is read them. + +One of the aforementioned puff pieces was [this interview posted 12/20.](https://www.morningstar.com/articles/1071492/2-new-etfs-we-like) The point of the article is to say nothing substantive but pump 2 ETFs, DFCF and SCHY. It was also not the only MSM article that put DFCF and SCHY in the same breath. Gee, I wonder if SCHY might be getting aggressively shorted as well? SCHY just so happens to have gone on the threshold list on 1/12, and was also on it from 12/9 to 12/16, and at many other times since it was created in April 2021 + +Also, SEC, I know you guys aren't interested in doing your job, but seriously? 99.7% of the volume on day 1 failed to deliver and trading was allowed to continue like nothing happened? No public statement or initiation of an investigation? Why did I have to dig through the threshold list and FTD filings in order to find out about this? + +**The current system allowed trading to go on for weeks after 99.7% of volume on day 1 was fraudulent and has yet to take any substantive action about this.** + +Extra special bonus speculation time: ~~I remember months ago a series of DDs that pointed to a short squeeze in the treasury market.~~ Edit: derp it was u/atobitt's [The Everything Short.](https://old.reddit.com/r/GME/comments/mgucv2/the_everything_short/) What if that's what's going on here? These ETFs could be used as a proxy for shorting treasuries in the same way that XRT and others are used as a proxy for shorting GME. + +**TL;DR** + +Someone is likely using DFCF and probably other ETFs to aggressively short large sectors of the economy, getting ahead of the crash just like Goldman Sachs and others did in 2008. + +Edit: I have looked at the data for several other ETFs, and have yet to find any that display the same absurd immediate burst of FTDs as DFCF did. Even SCHY, the other suspicious one from the articles and threshold list gradually eased into FTDing after it began trading in April. + +Edit 2: And just for the record, DFCF is still on the threshold list as of 1/18, which means the high FTDing is ongoing, so expect to see an update to this at the end of the month when additional FTD data are released. + +Edit 3: All FTD data comes from the SEC's website, [here.](https://www.sec.gov/data/foiadocsfailsdatahtm) Volume data was taken from Active Trader. +As we all know XRT is by far the most abused ETF for the purpose of GME share creation. As some of us know, past friday December the 16th was OPEX and quad witching, with a T+2+2 timeframe for resolution. GMEs options chains show that volatility shorts flipped to long volatility. This means they are expecting and are prepared (hedged) for an OPEX run, that may still take place today. However, for this to happen, ETFs, mainly XRT and IJH, must buy to rebalance their NAV. I can't find info on IJH, but XRT has $-848k available according to their own page (https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt ), so it can't afford to buy. This isn't normal, ETFs should be cash rich! Before saying "crime", know that this is a situation we've never encountered before in this saga! We'll see what happens, but all we can conclude for now is that somebody hasn't paid their due fees to XRT! +I'm about to hit you all with some knowledge, so get your big kid pants on! You should read these books in the order they are listed, because they stack up on top of each other and the lessons learned in one are needed to understand the lessons in the next. + +*Disclaimer: I am not a financial advisor or registered securities analyst.* + +*Another disclaimer: If you do not know what exactly a stock is, how to buy or sell a stock or what dividends and earnings are, please look up some crash courses on YouTube or something before starting this list.* + +**Let's begin:** + +1. **The Little Book of Common Sense Investing by John Bogle** \- For those of you who don't know, John Bogle is one of the most important people to ever walk this planet when it comes to stocks and investing for the average person. He founded a little company called Vanguard (ever heard of it?) and he also invented the first index fund. In this book, Bogle gives us a primer on the classical approach to passive, conservative and long-haul investing. He goes into the statistics on how around 90% of mutual funds and most people can not beat the market. He makes it clear and simple that if you want to benefit from stock yields over time, you should deploy your money into index funds and sit back while earnings and dividends carry you to wealth. Many people (probably most people to be honest) can stop here and honestly do perfectly fine. The info in this book is all you need to build serious wealth. You will also understand the theory that picking individual stocks is usually a *losers game*. One of the reasons I believe you should read this book first is because the lessons you learn inside of it may show you that the rest of the books on this list may not even be worth reading! If you aren't content with boring old index fund investing though, you can read on.. +2. **One Up On Wall Street by Peter Lynch** \- This book is dated but the principles written in its pages ring true to this day. Peter Lynch is considered one of the most successful mutual fund managers of all time. He achieved returns that beat the S&P 500 for over a decade straight for his investors in the Fidelity Magellan Fund in the 70's and 80's. Yes I know I said most people can't beat the market by picking stocks, which is why those who can do it consistently are very special. In this book he teaches you about the tools and strategies he used to achieve those results. It's a great book because it doesn't get too crazy in terms of math and logic, and it's easy to understand. +3. **Thinking, Fast and Slow by Daniel Kahneman -** Now it's time to take a break and get into the *psychology* behind stock investing. Let's be honest, we're all pretty stupid and we all have internal biases. These two facts can be serious roadblocks to investing success. The sooner you admit that the better off you'll be. This book will help you understand how to separate your irrational mind from your rational mind when investing and it will make you better at objective decision making. + +&#x200B; + +\-- + +Ok, now at this point you have two paths you can take. After these three books you'll have a good grasp on the *theory* and *mindset* to making money in stocks, but you will be lacking the knowledge to actually ***pick individual stocks***. I mean how are you supposed to do that? Just buy whatever is trending on Reddit or what that idiot Jim Cramer on CNBC is talking about? Well as long as you still understand (from book #1) that the odds are against you when picking stocks, you can continue on one of two paths: + +**- The Value Investing Path** (Finding, analyzing and buying stocks that are "undervalued" and waiting for them to rise back to their fair market value, thus making a ton of money. This is what Warren Buffett does. It's also extremely difficult, boring and requires *rock-solid* emotional stability to ignore the ups and downs of the market.) + +\-OR- + +**- The Traders Path** (Following market trends and sentiment to find opportunities that can make you money. I personally would not consider this path to be an "investors" path. This is a "speculators" path, and they are very different. However, you can make money speculating. This could involve shorting stocks or doing a bit of technical analysis, or maybe even playing with some derivatives like options. This path is also extremely difficult and will cause most people to lose *hours* of sleep each night sweating as they panic about their positions) + +\-- + +&#x200B; + +If you chose **The Value Investing Path**, continue here: + +1. **All of the accounting books you can find** \- You NEED to understand the fundamentals of accounting in order to value businesses. There is no getting around it. Yes, it's boring but if you find yourself enjoying it, you may have an inclination for this. Read everything you can on accounting. Learn to read balance sheets, income statements and cash flow statements. Learn about assets and liabilities. Do the practice assignments in the books and all of that! +2. **The Intelligent Investor by Benjamin Graham -** This is probably the most famous book on this list, and guess what, you're not going to understand ANY of it. This is the book that Warren Buffett swears by. In fact, Buffett studied with the author of this book when he was a lad. This book is the bible of value investing. Every successful investor knows this book. Within its pages you will learn about what to look for in the stock market, how to understand market behavior, what a good business looks like, how to find the *intrinsic value* of a company, and much much more. I recommend reading this book at least twice and researching everything inside it that you don't understand. +3. **Margin of Safety by Seth Klarman -** Physical copies of this book are extremely expensive, so you're better off finding an online copy (shh don't tell). It's a bit more modern than the title above and it was written by a very successful value investor! +4. **The Dhando Investor by Mohnish Pabrai** **-** Fantastic value investing book that offers some fresh ideas and new things to think about that are built on top of the previous books. Also written by a very successful investor. + +&#x200B; + +&#x200B; + +If you chose **The Traders Path**, continue here: + +1. **Reminiscences of a Stock Operator by Edwin Lefèvre** \- A classic that most traders are told to read at some point in their lives. It teaches so many valuable lessons of reflecting on your wins/losses, psychology of trading, knowing yourself and your weaknesses and more fun stuff. It's an old book but definitely worth reading. +2. **Getting Started in Technical Analysis by Jack Schwager** \- If you don't know, technical analysis (TA) is the process of finding opportunity by analyzing the market indicators such as price, volume and trends. It ignores company fundamentals and is often seen as a type of voodoo that you either believe in or you don't. I personally am not a fan, however I do recognize the importance TA plays in understanding some stocks at certain times. I do believe that in combination with other metrics, TA can provide valuable insight. This book will teach you the basics. +3. **Fooled by Randomness by Nassim Nicholas Taleb -** It is not possible to predict the stock market. This book will help you reconcile with that. It will help with understanding how randomness and a bit of luck ties into not only your trading, but your whole life. You will learn about risks and the consequences of taking them. +4. **Market Wizards by Jack Schwager** \- Another great book by the same author as #2 above. This is written in a sort of conversation-like format where the author interviews some of the most successfully traders of the time. There is tons of information in this book on all of the topics we've discussed since it's like you're reading a conversation between two people. + +I hope this post will help some of you. + +**Honorable mentions:** + +\- The Snowball - Alice Schroeder + +\- Security Analysis - Benjamin Graham and David Dodd + +\- A Random Walk Down Wall Street - Burton Malkiel + +\- The Alchemy of Finance - George Soros + +\- The Big Short - Michael Lewis + +\- Common Stocks and Uncommon Profits - Philip Fisher + +\- Value Investing: From Graham to Buffett and Beyond - Bruce Greenwald +I know the obvious inflation hits such as house prices and energy costs have been well documented. But has there been any lesser known prices rises that has impacted you or will this year? For example, an armchair from IKEA that I've been eyeing up for a few months has gone from £179 to £199 now, just under 12% increase. +As a layperson, I'd say that the Big Question of 21st century Physics is "How do we unify Quantum and Relativistic Physics." + +The Big Question of Computer Science is "Artificial General Intelligence." + +The Big Question of Biology is probably (?) "What can we accomplish with CRISPR?" + +Maybe for Philosophy it is: "What is consciousness"? + +I don't know much about chemistry, but questions of battery density and solar conversion seem pretty pivotal. + +So what are the Big Questions that Economists are working on? + +This was commented as a joke in an /r/personalfinance thread and /u/necrosythe made the point that it’s actually an interesting question, saying: + +> Actually thinking about that for a second makes you really think though. + +>what if half of america put all made a post asking PF for help. In theory they all get answered. And they all follow the advice. So they all clear up their debt, follow PF style budgets etc. + +>The economy would figuratively explode. Think of all the businesses that are completely reliant on people's unhealthy habits they prey on. Whether it be credit card and loan debt, unhealthy food and drinks, cigarettes etc. The resulting change in the healthcare industry after people became healthy. + +>The world would instantly become a MUCH different place. + +>A group of actually qualified people quantifying the changes would be pretty awesome to me. + +So what would happen if half of us stopped eating out for lunch every day and stopped buying Starbucks and only bought thing we could afford with cash and put 15-20% of our income into 401ks? + +I’m the guy that got scammed for 200k tether from Twitter. Here are the details: + +Scammer: lin_cutekiller. Edit: name changed to: Leylani_Lin + +Dapp: eth-coin dot info + +Transaction hash: 0xaaf1448c918aed5345fa521cac36e327b22fcccb3437f3cf786ddb211112d7f4 + +Bounty: all of it is yours unless you have some sympathy and want to kick back some to me. Have at it + +I’ve definitely learned my lesson. Although it won’t help me personally, I’ve gone ahead and filed with local police station, FBI internet crimes, and the FTC. Not sure what else is left to do other than work hard and starting over again. Thanks to those of you that were supportive during my last post. +I'll be finishing my bachelor's degree in computer science this July and think about moving to Spain. + +A little bit of context: + +* 21 yo. +* 500 euros salary. ( It's my first job. Working part-time.) +* Monthly expenses have dropped significantly for me since the quarantine ( < 50 euros) - i still live with my parents and give them the Sodexo meal vouchers I get from work. +* I invest about 100eur/month on [EUNL.DE](https://EUNL.DE) through XTB. +* I have about 5.5k eur saved up on my debit card - frugal, don't buy clothes and always cook for myself. +* No debt. + +I'm planning on moving out and switching jobs after I get my bachelor's degree. My employer postponed the annual salary increases because of covid and I won't be able to live with >700eur/month. Switching jobs will probably give me a salary of about 1000+ I reckon but I won't be able to save and invest much then. + +I am highly proficient in English, I grew up in Spain, I can understand and speak Spanish almost perfectly, I have family and acquaintances there. I don't think I will have much trouble finding a job there either. Worst case scenario, I end up getting a job that is not unrelated to my degree. + +I guess the end goal here is to make as much as possible so I can invest as much as possible. + +So what should my plan of action be? + +* Should I start applying to jobs in Spain now? +* Should I leave my job before or after finding a plausible replacement? +* Is this a rash decision? +* Should I postpone my move and save up more? +* Should I not move there at all and instead find a better paying job here? +* What should I take into account before I do this? +This is the first time I will be investing any of my money, so forgive me if I say anything stupid... I still have a lot to learn. + +I just opened broker accounts both with DEGIRO as well as Interactive Brokers through TradeStation Global (since they don’t charge monthly inactivity fees). It seems like as a long term investor, IB would be my safest bet. + +As I said in the title, I have around €40K of savings that’s I would like to invest and I need advice on where to begin. I am a Spanish resident if that helps. + +Given the weird situation in the world right now, do you recommend starting with small amounts in blue chip stocks like Apple, Amazon, Tesla etc? Do I invest everything at once? Or is it safer to spread out the investments over a few months, and maybe wait until after the US election? + +I was also thinking about ETFs like Vanguard S&P 500. Seems like the way to go for a long term investment. + +What would you guys do if you were in my position but with a whole lot more knowledge and experience than I have? +My friend had a mortgage agreement with Halifax and exchanged contracts on a house. They did a final credit check and found a bill had gone into arrears for £63 as a direct debit wasn't taken in October. + +Due to this Halifax is revoking the mortgage agreement and the house is falling through. A mortgage broker has advised they will lose their deposit and owe an additional 5%. + +Is there anything we can do?? They never got notice of the outstanding payment (and has requested a letter from the utility company to say so). The bought furniture and the house they live in now (rented) is being sold. Outside of staying with me, they have no where to live. This seems ridiculously wrong. Please help! + +Edit: I got more info from my friend. Whole situation was the bill was higher one month, an attempt to take payment happened, it wasn't collected and the bill went into arrears. The utility company has responded and said they will write to confirm letters were sent (friend is saying they never recieved) and the account is in good standing now. + +Utility company has advised the missed payment will be removed after 1 month but the Halifax offer will expire by then. + +Before the contracts were exchanged my friend had the mortgage deed. +Wow. Now I'm hoping to see that Warren Buffett and Berkshire Hathaway finished dumping the Activision shares in the 4th quarter. (However, that would raise other very interesting questions.) I guess we'll find out next February. Berkshire Hathaway trimmed 8,259,284 shares of Activision in the 3rd quarter but still held 60,141,866 at the end of September. + +&#x200B; + +[https://www.wsj.com/articles/ftc-sues-microsoft-to-block-activision-purchase-11670527080?mod=hp\_lead\_pos1](https://www.wsj.com/articles/ftc-sues-microsoft-to-block-activision-purchase-11670527080?mod=hp_lead_pos1) + +&#x200B; + +Antitrust enforcer seeks to stop $75 billion deal, saying it will harm competition + +&#x200B; + +By Sarah E. Needleman in New York and Dave Michaels in Washington + +Updated Dec. 8, 2022 4:53 pm ET + +&#x200B; + +The Federal Trade Commission Thursday sued Microsoft Corp. to block its planned $75 billion acquisition of Activision Blizzard Inc., taking one of its biggest shots under the Biden administration at halting a merger of technology giants. + +&#x200B; + +The lawsuit sets the stage for a court challenge over the deal as Microsoft agreed as part of negotiations with the “Call of Duty” publisher to defend the acquisition against a government lawsuit. + +&#x200B; + +“Microsoft has already shown that it can and will withhold content from its gaming rivals,” said Holly Vedova, director of the FTC’s bureau of competition, in a statement. “Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets.” + +&#x200B; + +In its complaint, the FTC said Microsoft previously suppressed competition from rivals through its 2021 acquisition of ZeniMax Media Inc., the owner of game developer Bethesda Softworks. The agency said Microsoft made several of Bethesda’s games, including “Starfield” and “Redfall,” exclusive to its own platforms, despite giving assurances to European antitrust authorities that it would do otherwise. + +&#x200B; + +Additionally, the FTC said that by gaining control over Activision’s blockbuster franchises, Microsoft would have “both the means and motive” to harm competition by changing pricing for Activision’s games, degrading the quality of games on rival consoles and gaming services or withholding content from rivals entirely. + +&#x200B; + +The commission vote was three to one in favor of the suit, with Republican Commissioner Christine S. Wilson voting against it. + +&#x200B; + +In response to the suit, Microsoft said it continues to believe the deal would expand competition and create more opportunities for gamers and game developers. + +&#x200B; + +“We have been committed since Day One to addressing competition concerns, including by offering earlier this week proposed concessions to the FTC,” Brad Smith, Microsoft vice chair and president, said. “While we believed in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present our case in court.” + +&#x200B; + +“This is a somewhat meaningful setback for Microsoft,” Stifel Nicolaus analyst Brad Reback said. “Over the last two decades they’ve worked very hard to stay on the right side of government agencies.” Mr. Reback added that if Microsoft litigates and loses, the company could become limited in its ability to do large deals in the future. + +&#x200B; + +Microsoft’s deal for Activision, which would be its biggest-ever acquisition, is also under investigation by antitrust regulators in the U.K and the European Union. The companies first announced their merger agreement in January and said they expected the deal to close in June 2023. + +&#x200B; + +Microsoft makes Xbox videogame consoles and competes against Sony Group Corp. and Nintendo Co., which are known for their PlayStation and Switch consoles, respectively. All three companies also develop and publish their own games. + +&#x200B; + +Antitrust experts initially expected the deal would clear government scrutiny. But allegations that workplace misconduct was rampant in the past at Activision created trouble for the company in Washington—including with progressive senators who called on the FTC to thoroughly investigate the deal, along with its potential impact on workers. + +&#x200B; + +The SEC has been separately investigating Activision Chief Executive Bobby Kotick and other executives over how they handled and disclosed the allegations, The Wall Street Journal has reported, citing documents and people familiar with the investigation. + +&#x200B; + +“The allegation that this deal is anti-competitive doesn’t align with the facts, and we believe we’ll win this challenge,” Mr. Kotick said in a letter to employees posted on Activision’s website. + +&#x200B; + +Microsoft’s share price rose 1.2%, while Activision’s fell 1.5%. + +&#x200B; + +The combined company would have controlled about 11% of the global digital game publication business, according to Bloomberg Intelligence analysts. + +&#x200B; + +The FTC initiated a review of the Activision deal in February, the Journal reported at the time. Since assuming office in 2021, Chairwoman Lina Khan has moved to investigate more mergers, particularly those involving the largest technology companies. + +&#x200B; + +Ms. Khan and other so-called progressive antitrust enforcers say competition law hasn’t kept up with the evolution of the digital economy. Antitrust law historically focuses on whether mergers that combine competitors—resulting in greater market concentration—would likely drive up prices for consumers. Under the Biden administration, appointees such as Ms. Khan have pushed for focusing less on price effects and examining more vertical mergers, in which companies acquire key suppliers or partners and integrate those firms into their operations. + +&#x200B; + +Vertical deals are historically harder for the government to block, said Jennifer Rie, a senior litigation analyst at Bloomberg Intelligence. The lawsuit will also be hard for the FTC to win because enforcers will have to show that withholding “Call of Duty” or similar games would be profitable for Microsoft, which pledged to allow rivals to continue accessing that blockbuster game. + +&#x200B; + +Ms. Khan “is trying hard to develop case law that pushes things in a different direction than they have been going in the past 30 years, in which has been more and more difficult to challenge mergers,” Ms. Rie said. “This suit falls right into her wheelhouse in terms of what she’s trying to do.” + +&#x200B; + +They have also gone after deals that don’t fit easily into the horizontal or vertical categories. Ms. Khan’s agency this year challenged Meta Platforms Inc.’s deal for a virtual-reality exercise game developer, Within Unlimited Inc. Meta doesn’t have its own VR fitness game, but makes one of the most popular VR headsets and has an app store through which consumers purchase VR apps. The FTC’s litigation over that kicked off Thursday in federal court in San Jose, Calif. + +&#x200B; + +Sony has been the loudest of the critics of the planned Activision deal, arguing that it could hurt competition if Microsoft restricts access to Activision games, especially “Call of Duty,” due to the franchise’s exceptional popularity. + +&#x200B; + +Microsoft has said it doesn’t plan to deny Sony and others access to Activision games and that its deal for the company wouldn’t hurt competition. The company has publicly pledged to give Sony and Nintendo access to new “Call of Duty” games on their respective current hardware the same day they launch on Xbox consoles for the next 10 years. Though Microsoft doesn’t disclose Xbox sales, it has said it would still be the third-largest videogame console maker after Sony and Nintendo after merging with Activision. + +&#x200B; + +The FTC’s complaint, however, points out that Activision’s library of games includes more hits than just “Call of Duty” and that consoles may not play as big a role in the future of videogaming as they do today. New technologies and the growing popularity of subscriptions could meaningfully change that landscape, the agency said. + +&#x200B; + +Microsoft is one of the world’s largest cloud-computing service providers and has been a leader in the cloud-gaming market through its Game Pass subscription service. Sony offers cloud gaming through its PlayStation Plus subscription. Cloud gaming makes it possible for people to play games on just about any internet-connected device. Though the technology is in its infancy, industry analysts and executives have said it could one day make consoles obsolete. + +&#x200B; + +Progressive groups have put pressure on the FTC to block the deal, saying it would create industry stovepipes in which technology companies own lucrative content and user data, and have the ability to make money from advertising as well. + +&#x200B; + +“Microsoft’s recent promises not to abuse that power by making preemptive concessions to Sony and Nintendo reinforce the underlying illegality of the original deal,” the American Economic Liberties Project’s Sarah Miller said in a statement. +Wow. Now I'm hoping to see that Warren Buffett and Berkshire Hathaway finished dumping the Activision shares in the 4th quarter. (However, that would raise other very interesting questions.) I guess we'll find out next February. Berkshire Hathaway trimmed 8,259,284 shares of Activision in the 3rd quarter but still held 60,141,866 at the end of September. + +&#x200B; + +[https://www.wsj.com/articles/ftc-sues-microsoft-to-block-activision-purchase-11670527080?mod=hp\_lead\_pos1](https://www.wsj.com/articles/ftc-sues-microsoft-to-block-activision-purchase-11670527080?mod=hp_lead_pos1) + +&#x200B; + +Antitrust enforcer seeks to stop $75 billion deal, saying it will harm competition + +&#x200B; + +By Sarah E. Needleman in New York and Dave Michaels in Washington + +Updated Dec. 8, 2022 4:53 pm ET + +&#x200B; + +The Federal Trade Commission Thursday sued Microsoft Corp. to block its planned $75 billion acquisition of Activision Blizzard Inc., taking one of its biggest shots under the Biden administration at halting a merger of technology giants. + +&#x200B; + +The lawsuit sets the stage for a court challenge over the deal as Microsoft agreed as part of negotiations with the “Call of Duty” publisher to defend the acquisition against a government lawsuit. + +&#x200B; + +“Microsoft has already shown that it can and will withhold content from its gaming rivals,” said Holly Vedova, director of the FTC’s bureau of competition, in a statement. “Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets.” +