diff --git "a/reddit_finance_43_250k_78.txt" "b/reddit_finance_43_250k_78.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_78.txt" @@ -0,0 +1,10000 @@ + +Hi again, I published this post yesterday [The SR-NSCC-2021-801 CAN be approved AUTOMATICALLY this week. (MAY THE 4TH BE WITH YOU).](https://www.reddit.com/r/Superstonk/comments/n3gxsq/the_srnscc2021801_can_be_approved_automatically/) + +I saw some people saying that this rules had changes. But anyone could confirm that if these changes can change the rule of 60 days. So I decided to send an email to the people who propose the law changes. + +https://preview.redd.it/bkdv949ekzw61.png?width=718&format=png&auto=webp&s=0f1e34047d1b59fc5193cafac91c8c135f404b75 + +The first answer to my email was + +https://preview.redd.it/ets55fupkzw61.png?width=1579&format=png&auto=webp&s=898f31b98913239c480c27f648bc70ce00734d7b + +>The SEC does have an initial 60 day period (following the date of filing) to review the proposal.  If the proposal is approved, NSCC would implement the rule change within 10 days of that approval. + +Okey, the first part is easy the SR-NSCC-2021-801 has to be approved and after that the NSCC has 10 days to implement. + +But my dude about when we have to start to count the 60 days, the 5/3 or the 18/3 wasn´t resolved. So I email again and here there new answer. + +&#x200B; + +https://preview.redd.it/asj8dc6skzw61.png?width=1581&format=png&auto=webp&s=05b72fb262da8a016c35be48e59ac88d5e486c17 + +>Hello, +> +>Please note that this filing is not proposing new laws.  NSCC is not a regulator, and does not issue regulations.  This is a proposed change to the NSCC Rules, which govern the operations and services of NSCC and are applicable to NSCC Members. NSCC Members are mostly banks and broker dealers.  You can learn more about NSCC and find our Rules on our website. +> +>The proposal was filed on March 5, 2021 and the SEC has not requested any changes to the proposal.  +> +>**The initial 60 day review period for file no. SR-NSCC-2021-801 began on the March 5 filing date.**  The initial review period for file no. SR-NSCC-2021-002 is approximately 45 days after the filing was published in the Federal Register, which was on March 18 (and, therefore, approximately 60 day after the March 5 filing date).  You are correct, the SEC would need to both approve file no. SR-NSCC-2021-002 and issue no objection to file no. SR-NSCC-2021-801 before the proposal can be effective.  + +**"The initial 60 day review period for file no. SR-NSCC-2021-801 began on the March 5 filing date."** + +For the people who doesn´t read my last post: + +**"The proposed change may be implemented if the Commission does not object to the proposed change within 60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received."** + +&#x200B; + +[Spanish calendar](https://preview.redd.it/zotyzrjukzw61.png?width=668&format=png&auto=webp&s=9d9de4a9d995ca49dd9080a16264b0d0bd1b8274) + +So may be we are going to have "May the 4th be with you". + +But if the SEC wants to implement this rule of the **SR-NSCC-2021-801,** change has to approve first the **SR-NSCC-2021-002** and no saying any objection to the **SR-NSCC-2021-801.** + +If everything goes well for this week the sec will have both rule chanegs approved. Because without **SR-NSCC-2021-002** the **SR-NSCC-2021-801** can´t be implemented. And after the rules are approved they have 10 days to implement them. + +But take a moment and read again the **SR-NSCC-2021-801:** + +**"The proposed change MAY BE implemented if the Commission"** + +And again the ball is on the roof of the sec. + +&#x200B; + +https://preview.redd.it/0vz7el5wkzw61.png?width=634&format=png&auto=webp&s=fa99d485d3ce37b75259a569ca767d8d24b7a683 + +In this link [https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) they have not yet place anything about this two rules. + +And again [SEC WANTS US TO GIVE THEM ONE CHANCE](https://www.reddit.com/r/Superstonk/comments/n2e9t9/sec_wants_us_to_give_them_one_chance/) (this is a post reviewing the last [SEC](https://www.sec.gov/news/speech/werewolves-of-change) speech) + +I really believe that they want to start doing the right and correct things. + +# THEY KNOW WE ARE HERE AND WE HAVE COME TO STAY. + +## 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: [Timelines for NSCC-801 and NSCC-002 approvals](https://www.reddit.com/r/Superstonk/comments/n445l7/timelines_for_nscc801_and_nscc002_approvals/) +This is my personal/fun investing account. I have a Roth that's fully invested in ARK and qqq. + I'm split 50/50 with non diverse etfs and individual stocks in my fun account and wanting to invest in emerging sectors. Right now I'm invested in +POTX, DRIV, SUBZ, UFO, CLOU & ICLN. +Any other emerging sectors ETFs I should look into? + +Also Blockchain is the future - though I'd rather get the actual crypto than invest through the stock market on this. +A lot of our clients already max out their National Pension Scheme (NPS) accounts. We wrote about how investing in a Tier I NPS account can ensure significant tax savings [here](https://www.thegalacticadvisors.com/post/national-pension-scheme).The Hindu has reported some interesting changes to the NPS scheme. This might make investing in NPS significantly more lucrative. + +**No need to invest 40% in Annuities** + +One of the biggest problems currently with the NPS scheme is that it forces you to invest 40% of the accumulated corpus in an annuity plan. Poor yields and high inflation means these might end up being a dead investment. + +Add to this, the annuity is actually taxable. This was one of the major reasons for avoiding investing in an NPS. + +The proposed amendments to the NPS scheme does away with this need to invest 40% in annuities.Comments from PFRDA Chairman, Supratim Bandyopadhyay below: + +>"Post-retirement, a person has to take 40% of the total corpus as an annuity as per the law’s mandate, and 60% can be commuted and taken as a lump sum. But the annuity rates always track the interest rates in the market which have come down drastically. So much so, if someone opts for a lifetime annuity at retirement with a return of purchase price to the nominee when the person dies, the rates are varying between 5% and 5.5%" +> +>Since annuities are taxable, deducting the tax and factoring in inflation means annuities are yielding negative returns. “A lot of people are complaining about that. We have thought of giving them one more choice of retaining the 40% with our pension fund managers, and giving them a better return,” he said, suggesting a systematic payout scheme could be offered to them over 15 years instead of an annuity. + +This might be absolutely excellent to make NPS a useful retirement tool. First, you get the tax benefit of investing in an NPS. + +Add to that, the retirement proceeds might be tax exempt. Even if the 40% locked in the systematic withdrawal is taxable, you may receive significantly higher returns than the current rule of having to invest in annuities. + +**Limit raised to INR 5 lakh from INR 2 lakh** + +If your NPS corpus amount is less than INR 5 lakh, you can now withdraw it lump sum. There's no need to invest in an annuity in this case. This limit was earlier just INR 2 lakh. A welcome move in our opinion. PFRDA chairman sums it up perfectly in his statement: + +>“Suppose somebody reaches ₹2.1 lakh at retirement, he will get an annuity component of ₹84,000 which today will fetch an income of ₹400 or ₹450 a month — a pittance,” + +**Entry Age increased to 70** + +With over 15,000 people joining the NPS after the age of 60 in the last three years, the NPS has decided to expand the entry age into the scheme from 18 to 65 years to 18 to 70 years, with those joining after 60 being allowed to stay invested till the age of 75. + +**New fund managers** + +A 30-day window will be opened next month for new fund managers to register themselves with the NPS. The number of managers is expected to rise from seven to ten.Let's see what the new rules say. + +We'll keep you guys posted once the actual rules get notified. + + +Article link: [NPS update - No need for annuity, limit raised to INR 5 lakh (thegalacticadvisors.com)](https://www.thegalacticadvisors.com/post/national-pension-scheme-update-systematic-withdrawal-5lakh) +When I first started trading, I used to add all indicators on my chart. MACD, RSI, super trend, ATR, ichimoku cloud, Bollinger Bands, everything! + +My chart was pretty messy. I understood nothing and my analysis was pretty much just a gamble. + +Nothing worked. + +Then I learned price action trading. And things started to change. It seemed difficult and unreliable at first. + +There's a saying in my country. "Bhav Bhagwan Che" it means "Price Is GOD". + +That holds true in the market. + +Amos Every indicator you see is based on price. RSI uses open/close price and so does moving average. MACD uses price. + +Price is what matters the most. + +Everything depends on the price, and then the indicators send a signal. + +Price Action trading is trading based on Candlestick patterns and support and resistance. You don't use any indicators (SMA sometimes), use plot trend lines and support and resistance zones, maybe Fibs or Pivot points. + +It is not 100% successful, but the win rate is quite high if you know how to analyse it correctly. + + +How To Learn Price Action Trading? + +YouTube channels- +1. Trading with Rayner Teo. +2. Adam Khoo. +3. The Chart Guys. +4. The Trading Channel +(and some other channels including regional ones). + + +Books- +1. Technical Analysis Explained. +2. The trader's book of volume. +3. Trading price action trends. +4. Trading price action reversals. +5. Trading price actions ranges. +6. Naked forex. +7. Technical analysis of the financial markets. + +I think this is enough information to help you get started. + +"Bhav Bhagwan Che". + +-Vikrant C. +So I've had my EV for just over 12 months and have been tracking data on cost of ownership since I received it. There is a lot of misinformation out there regarding EV ownership costs, that's the reason I decided to do this. Tracked all the data via Teslascope. + +Reasons I switched is price went down last year + $3000 rebate one car was still available (got in just before the backlog) and my car was coming up to needing replacement and I have access to free charging at work. I was going to purchase a car in similar price range anyway and didn't want another ICE car. + +Car: Tesla Model 3 SR+ 2021 + +KM driven in 12 months: 33,576 km + +Total kWh of power used: 4,466 KwH + +Average energy used per KM: 133wh/KM or 7.51 KM per kWh + +Maintenance cost: $0 (no scheduled servicing) + +Cost of Supercharging (road trips only): $309 + +Cost of Charging at home: $141 (charged primarily at work for free) + +Cost of Charging at home if charging at work wasn't available (no solar): $725 + +EV road tax (VIC): $839.40 **<- great disincentive.** + +Comprehensive insurance: $1252 + +Car rego: $745.90 (- $100 EV Rego VIC) + +12 Months total cost of ownership: $3287.3 ($4012.3 with full charging at home, no solar) + +Happy to answer any questions. + +EDIT: Forgot insurance cost, rego. +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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Title pretty much says it all. The restaurant that I work for is coming under new ownership at the end of this week, and the new owner is promoting me to the general manager position. This is my first job that will be paid salary, not hourly, and my boss told me he expects me to counter his first offer, so i can gain experience with how contract negotiations will work in the future. However, the raise I’ll be getting is significant already, plus he has told me I’ll be getting a week’s worth of vacation per year (which is a week more than I have now), so it all sounds pretty great to me already! What else should I negotiate for? Is a week of vacation a normal amount? Any guidance is appreciated! + +Edit: Thank you so much for all of your advice and kind words! I did NOT expect this post to garner so much attention so I really appreciate it. I’ve got a good list of things started here but I’d like to know more about tuition reimbursement if anyone has any knowledge to offer on that. I’m 23, about to graduate college, staring down the barrel of $60,000 in student loans and counting. Are there any benefits to him tax-wise or anything if he were to make a contribution? Should I only ask for a small amount? I have no idea how that works so any advice regarding tuition reimbursement would be appreciated! +John Oliver just pushed out his [latest episode](https://youtu.be/R652nwUcJRA) - this one focusing on the crisis of rising eviction rates in the Unites States in the midst of a pandemic. + +Slight trigger warning - the episode does not look upon nor portray landlords in the most positive light. + +Regardless, the episode is still interesting in so much as watching fascinating PR moves made by a few individual landlords highlighted in the episode. +Here's a quick TLDR of the top 30 cryptocurrencies. Hopefully this can help guide your research. https://steemit.com/cryptocurrency/@kjnk/top-30-cryptocurrencies-tldr +I have bolded two parts that say #**start reading here** and #**stop reading here** for the original post since due to all these edits it has become a bit difficult to read. HOWEVER, please read the entire post with edits once you are done to get additional information and to see some of the rebuttals from Questrade and their legal team. Thank you. + + +_____________________________ + +**Was contacted by their legal department, please scroll to the bottom of this post for my trading activity that day.** + +edit 4: Guys if you want to help get the word out and potentially save other Canadians from signing up with this nightmare of a broker **please tweet this thread at Questrade or Business Insider or marketwatch or bloomberg or anyone else that can write about it.** I don't have an active twitter account so can't really do it myself but would appreciate it immensely. + +_________________________________________________________________ +Edit: lmao, I just got an email telling me to delete these posts or risk legal action. One sec let me reply. + + +edit 2: This is the email they sent me: + +>I have just been notified that you have posted information from our private discussions on Reddit. These discussions were confidential and constituted good faith attempt to resolve your complaint. Your Reddit posts are inaccurate, misleading and contain defamatory content. As we discussed, you incurred a loss as a result of trading in high risk options, which you failed to mention in your posts. + +>We ask that you remove these posts immediately and you cease to use social media to post defamatory and misleading statements about Questrade in an attempt to extort funds from the company. If you do not remove these posts, you are put on notice that this will become a legal matter. Our legal department are already investigating two prior posts you made where you stated that you were ready to "burn down the building" as well as making the following statement: “ if I can’t get my money back I’ll be sure they lose an equal amount in whatever way I can.'' + +>If we do not receive your confirmation by 12pm on March 31, 2020, that you will discontinue posting defamatory content on social media, you will leave us no choice than to commence legal action. + +>To keep things in perspective, the world is reeling from a tragic situation. Thousands of people have lost their lives. Our staff have been working around the clock to help our clients get through this unprecedented crisis. In response to our genuine attempts to find an amicable solution, you have threatened and insulted our staff. I urge you to think about your actions. + +__________________________________________________________ +I replied that I'll go through all my posts and comments and edit any lies I may have said unintentionally. + +But just to clarify guys **the position that I held was 0DTE options purchased day of. This is obviously a high risk position.** Options in general are. If I had purchased and ETF or stock then I obviously would not have incurred such a loss. I just want to make that clear. + +__________________________________________________________ +#**START READING HERE** +I had a 0 DTE options position worth around $50000 CAD that I opened that day. My broker (Questrade) had serious outages for hours that day (and for 3 days in the previous week) leaving many clients unable to access their positions. + +My position expired worthless and I was obviously very upset that I couldn't access such a volatile position for multiple hours. +_______________________________________________________________ + +(*note*: I was able to access the position before it expired worthless, my point is that I was unable to access it for even 1 second is unacceptable, the position didn't expire worthless because I couldn't access it at all for the entire day. Just putting this in in case they think this is the defamatory part. Again, these were risky 0DTE OTM options. They carried significant risk regardless) + +*edit 6:* I was able to access the position before it expired worthless. They were not down for an entire trading day. I just had trouble exiting the position during outages and during times when I could've taken a significantly smaller loss. By the time I was able to exit the position I got around $2500 CAD for it. I just want to make this clear. + +Again my issue and the larger point I am trying to make is not that I lost money but rather that the positions could not be accessed for a long time which is unacceptable. If I had made 500k from this trade I wouldn't be complaining but I would still be scared shitless that my broker keeps going down. + +________________________________________________________________ + +I wrote to their compliance department while also commenting everywhere on their sub warning clients and potential not to trade with Questrade because of this. The previous week after losing $10000 from a similar issue I asked a CS rep for $200 in compensation (the commissions from that day) and they refused. + +After I made such a scene on the questrade subreddit the mod reached out to me to have someone call me to discuss my issues. + +After a phone call and a short email chain he requested I delete all my negative comments because there was clearly a "bias" being shown. + +I complied in order to see what their compensation offer would be. + +Their offer? $1200 USD. + +My commissions for the past month plus ~$350. + + +In addition I would have to sign an NDA + +Here's the relevant part: + +https://imgur.com/a/q0vGiw0 + + + +The Releasor(s) further agree(s) to do the following: + +a) immediately refrain from making or posting negative comments about Questrade; and + +b) within two (2) days of executing the Release, remove all negative comments made on internet websites, including but not limited to blogs and to social media such as Facebook, Instagram and Twitter (collectively referred to as “Social Media”), about the Releasee, to the satisfaction of the Releasee. + + + + + + + +What a fucking joke. + + +I am still waiting to hear back from compliance but I'm not holding my breath for a real offer. + +Maybe this gives all you guys who got ruined from Robinhood's outages some hope. Maybe you can get back all your Robinhood commissions. + +On a serious note though, if you were affected by Questrade's incompetence over the last few weeks check out my profile. I've made a small guide on how you can formally submit a complaint and get some kind of compensation. I'm sure for some of you the few hundred dollars is worth it. But even if not I've included steps you can take to potentially get a better offer through the ombudsman for banking. + +Best of luck. + + +#**STOP READING HERE** +_______________________________________________________ + +edit 3: [This is a link to the full ~~NDA~~ release if you are interested](https://www.reddit.com/r/wallstreetbets/comments/frz0fp/my_broker_questrade_wants_me_to_sign_an_nda/flz1e38/) + +**Someone (I think Questrade) sent Reddit a DCMA Takedown Notice to this so it is no longer viewable** + +edit 5: So apparently this isn't an NDA but rather just a standard release. It was referred to as a non-disclosure waiver so I thought that meant NDA. My bad. + + + +______________________________________________________ + + +**edit 7:** + +Questrade just posted this in their sub: + +https://www.reddit.com/r/Questrade/comments/fsi5we/response_from_questrade/ + +>"The story being circulated by a customer on social media is factually incorrect. + +>These losses were due to this customers trading behaviour while our platforms were fully operational. +We will not tolerate any spam, hateful language or unfounded disparagement or harassment." + +Essentially saying that I'm lying. + +Interestingly I have this email from the rep that offered me $1200. + +"I did not see the technical issues as being that much of a factor in terms of losses. Lot of the trades were done after the technical issues. In some cases the delays may have hurt you and some cases got you better pricing. Again trading related gains or losses are not relevant in technical issues as they are not in our control nor can we take your gains if it works in your favor." + + +So my question is that if "These losses were due to this customers trading behaviour while our platforms were fully operational." why in the email offering me compensation the rep said that the technical issues were not "that much of a factor" instead of saying that they were not a factor at all? + +Any downtime at all is unacceptable but I find it laughable that I am being accused of defamatory statements when Questrade writes this kind of response lmfao. + + + + +**edit 8**: Was contacted by their legal team. They sent me this and asked permission to post my trading activity and log in activity. I of courses said they could and to be completely transparent I will post it here as well: + +https://imgur.com/a/dTQTUDT + +Seems the text is a bit small in that screenshot so here is another one: + +https://ibb.co/wJFgDDL + + +Here is my response: + +https://imgur.com/a/Jm5k1Tp + +https://ibb.co/mtn3Q4R + +If you can't see the screenshots[ click here for text copy of their emails.](https://www.reddit.com/r/wallstreetbets/comments/fsnubq/contacted_by_questrade_legal_team_for_permission/) +It was so degrading. Everyone behind me was giving me weird looks. Even worse is that I work at this store so everyone will know how poor I am. I feel bad for whoever had to put everything back. They looked angry with me. I could’ve sworn I’ve had food stamps left but apparently I was dead wrong. Being poor is so embarrassing. +&#x200B; + +https://preview.redd.it/invn7a47rft61.png?width=1354&format=png&auto=webp&s=ac92dab535457b17e24eae84f1e1b5ef550099ff + +I would just like to firstly say this is just theory, don't listen to anything I say as i'm a smooth brain. + +So if you didn't see yesterday JP Morgan's net profit soars [5-fold to $14.3 billion](https://www.marketwatch.com/story/jp-morgan-net-profit-soars-5-fold-to-143-billion-and-revenue-tops-expectations-but-stock-slips-2021-04-14). I find this to be a little unlikely to be honest. We are on the the biggest bull run this market has ever seen, and the money printers keep on running. You honestly think a bank isn't going to get greedy when the going is hot? of course not. **They have over-leveraged hedge funds and they realize shits gonna go down.** + +&#x200B; + +[Why would they need to pay off so much debt if they are supposedly after X5 profits?](https://preview.redd.it/fvjwtbywhft61.png?width=1594&format=png&auto=webp&s=4172ce776e05c85fc4de6aac8f6d66e15f1e82b2) + +Coincidentally, one day after their so-called killer earnings they issue [13 Billion worth in bonds](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever) in the "**largest deal ever by a bank**". My thoughts are that they were loaning too much money, in desperation to get enough money to keep them afloat they issued these bonds. They are definitely well aware of the GME situation and there are many catalysts are going together are the one time, they're spooked. Don't think banks don't lie about their positions or aren't that stupid to over-leverage? Read this about Bill Hwang leaving Credit Suisse holding a massive [$4.7 Billion dollar bag.](https://www.forbes.com/sites/siladityaray/2021/04/06/credit-suisse-takes-47-billion-hit-following-archegos-collapse/amp/) No one has learned a fucking thing from 2008 and now people have to suffer again because of billionaires being greedy. They are gonna be holding the biggest [bag of excrement.](https://www.youtube.com/watch?v=K05sxfa4zdM) + +&#x200B; + +[28 Jan, 2021 - https:\/\/www.spglobal.com\/marketintelligence\/en\/news-insights\/latest-news-headlines\/citadel-securities-allocates-3b-term-loan-for-refinancing-terms-62337677](https://preview.redd.it/dve5ad9zuft61.png?width=2320&format=png&auto=webp&s=d22f1c735c220b027d5418045af2457582a8fe2e) + +Just a side note; It's been noted that Warren Buffet has really cut away on some of his [bank stocks](https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-pared-down-its-bank-holdings-that-looks-like-a-10-billion-mistake-51616500847) \[[additional source](https://edition.cnn.com/2021/02/16/investing/berkshire-hathaway-warren-buffett-stocks/index.html)\]. Also, with Michael Burry [deleting his twitter](https://markets.businessinsider.com/currencies/news/big-short-michael-burry-deletes-twitter-profile-warning-market-bubbles-2021-4-1030275994) this would lead me to believe that the wrinkly brains actually know what's going on. Something big is about to happen. I believe that GME wont be it's own thing. I firmly think the GME margin call will be a catalyst for an even bigger bubble lurking over. + +&#x200B; + +[Oh look, it's ol' trustworthy MarketWatch trying to pump bank stocks. i wonder why that is? :\)\)](https://preview.redd.it/twyeq0x9rft61.png?width=1948&format=png&auto=webp&s=f70e104c563beb4f0f1aed57abb2475547466968) + +&#x200B; + +**TLDR: banks loan out too many bananas to hedgies, and GME has the potential to be a catalyst for an even bigger bubble popping.** + +&#x200B; + +*This is just me speculating, none of this should be seen as financial advice. If i am tinfoil hatting or their is something i'm missing please let me know. Ape peer review ape. Moon soon 🚀🚀🚀🚀* + +\-Socrates ( ͡° ͜ʖ ͡°) + +&#x200B; + +&#x200B; + +edit: getting a lot of downvotes but no one giving counter DD in the comments. Hello shills, whistleblowing to the SEC can earn you a lot of money. Just give it a consideration.🙂 + +edit 2: [**Jpmorgan Chase (JPM) CEO Commercial Banking Douglas B Petno Sold $1.7 million of Shares**](https://finance.yahoo.com/news/jpmorgan-chase-jpm-ceo-commercial-031501920.html) **-** this news just came out today (16th April 2021). Now i know this seems conveniently timed. Just remember $1.7 million is chump-change to these people so i wouldn't read too much into it that they are expecting Armageddon, I say he is just doing some profit taking. Regardless, market watch articles pumping bank stocks around the same time is convenient to say the least. + +edit 3: [**JP Morgan with a 43% chance of Bankruptcy**](https://www.reddit.com/r/Superstonk/comments/mrxln5/macroaxis_a_company_started_in_the_wake_of_the/) **-** make of this what you will. +>The rules for letting companies to list overseas may come up in the February budget, as some issues are yet to be resolved and are under discussion, Revenue Secretary Tarun Bajaj said at the launch of EASE 4.0 banking reforms in Mumbai on Wednesday. +> +>The announcement should be some consolation for investors such Tiger Global, Sequoia Capital, Lightspeed and many Indian startups who, in a joint letter last month, urged Prime Minister Narendra Modi to swiftly announce rules governing foreign listings that were given the go-ahead almost a year ago. +The heads of 22 top startups and venture capital firms had written the joint letter. According to the letter, while several companies are looking to list in India (Zomato being a recent success story and trendsetter), startups need access to international capital to level the playing field with foreign technology giants and be globally competitive. It said the total market capitalisation of all the companies listed in India is about $3 trillion, while the comparable number for the US is $50 trillion. + +[https://economictimes.indiatimes.com/news/economy/policy/india-may-announce-rules-for-overseas-listing-rules-in-the-february-budget/articleshow/85620676.cms](https://economictimes.indiatimes.com/news/economy/policy/india-may-announce-rules-for-overseas-listing-rules-in-the-february-budget/articleshow/85620676.cms) +This afternoon got my 3rd call, plus 2 emails (in a 6 week time period), from a "Relationship Manager" at Fidelity. Spoke with them the first call and told them I have a specific plan for my investments (quite a lot of GME left in my 401k--the rest of my money went to shares that have already been DRS'ed) and don't need any of their help, thanks for the call. Done deal, right? A couple weeks ago, I got another call, telling me they want me to come in and discuss my investments. I let it go to VM and didn't respond. Followed that up the same day with an email and a link to the guys calendar, saying they NEED me to set up a time to come in. Ignored that as well. Today I got another call on my VM saying they need me to come in for an "account review to make sure I am meeting my financial goals". + +I've been at Fidelity for a long while. Have had quite a lot of money invested with them for years. Never have they called me to offer their services. Hhhmmmmm. Wonder what has them so nervous? + +DRS what you can so we can get this damn show on the road. LFG!!!!!!!!! +I purchased my first home this year and it is a duplex. I have grew to hate the house and the stress of being a landlord. The house is 100 years old and it just not my style. I put a 15 percent down payment and have already done about 6k in repairs. I think and stress about this house 24/7 and want to desperately move on with my life being that I just turned 25. Am I being realistic here? Should I wait a couple more years? + +Purchased at 205k + +15 percent down payment + +1 side rented at $900 +Hi, I was wondering what was the difference between a first-time real estate investor (or better yet, how were you as a first-time investor and what were some of the things that you've focused as a first-time investor and how have you changed as a more experienced real estate investor? + +**TL;DR:** What are some things that you look for when investing in real estate properties? +They're saying I don't have the authority to remove myself.. how is that even legal? What can I do to get it removed if we don't speak anymore? They're nearly maxed out and while I'm aware I don't have any obligation to pay, I'm really not thrilled that it's killing my credit. +I have roughly 15k saved up as a 24 years old and I’m not quite sure what to do with it. I have all my debt paid off and all short term expenses are not issue. + +I mean the S&P500 is safe but boring. + +Anyone else have any ideas what I could do with the money. +I'm 40. Landed a role that's 95k plus super. + +I have no assets and very little super because I used to be an addict. (Sober 8 years. Took a while to get where I am now). + +What do I do? I've never had this kind of money before and I have no real experience with managing funds. + +There's lots of choices and I don't really have anyone to reach out to for guidance. + +Any help is really appreciated. +I don’t think “gag order” is the most accurate description of the provisions in his standstill agreement, as the primary limitation was on him buying more GME stonk. + +But when the agreement lifts, he will be able to buy as much as he wants. + +Why is that important? +BECAUSE DRS. + +He can check the DRS count to see how many shares are registered, and with the press of a button, he can bring the drs number to 100%. + +Nuclear option. +Hedgies fukd. +Check mate. +I'm mostly investing in Vanguard's All World ETF (Ticker: VWCE), since it seems to be the "safest" and "most diversified" etf when it comes to exposure. What I'm wondering is: Do these kind of ETFs give too much exposure to USA market? + +[VWCE](https://www.justetf.com/en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80#overview), for example, shows the following market allocation: + +1. USA 55.7% +2. Japan 7.4% +3. China 5.4% +4. UK 4.1% +5. France 2.7% +6. .... + +Wanted to add additional Small Cap world ETF to the portfolio, but these seem to have highest allocation in USA as well. Now, I understand that "USA might have the strongest economy in the world" etc, but are any ETFs more balanced? + +I'm not saying VWCE is not great etf, I'm just wondering how would it compare to, for example, having 3 ETF portfolio: EM, EU and USA Large caps. +And what should buy pressure do? + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Every broker that handed out IOU’s opened themselves to 3x the risk. You could at least make them go buy them for realsies. + +The time to expose this shitshow is the greatest time to be alive. Expect crime. Don’t risk more than you can lose. DRS your shit for your shareholder rights. + +Edit: Maybe I’m forming wrinkles, but even if shares are not ‘bought’ by brokers, they still have to go out and balance their ledgers instead, which ultimately means going to remove shares from the DTCC. +Even with the price drop from $250, we saw GME & meme stocks (which it is not) running due to BBBY issuing a share buyback. There is zero logical explanations as to why that would occur, but do you know what crazy, conspiracy theory, dumb-money, ape explanation there is? + +They just confirmed the ETF/basket theory. We aren’t crazy, we’ve got the DD, and we aren’t leaving. Shine the light on us now, MSM! To the moon 🚀 +Let me premise this by saying I have never bought a house before and currently am unmarried. I live in Tennessee and they live in Indiana. I make 5k/month, they make 6k/month. My BIL has low credit due to his previous ex wife poorly handling finances with their home. Their home is worth around $225k. + +About a year ago my BIL recently tried to refinance his home in order to lower their interest rate. The company he switched to was a scam. He never actually sat down with anyone and only heard about them through a mailing offer he had received. Well they just took his mortgage payments, pocketed them. Somehow property taxes were funneled through this company and never paid to the state. The house went into delinquency and after 12 months the county decided to sell the property at a sheriffs auction. A new owner bought the house for 90k and has given my BIL & sister 90 days to either buy back the house or get out. Well because the house was in my sisters name, her credit is now screwed and my BIL needs about 15 points back before his now creditable mortgage lender will give him a loan. They basically want me to buy the house, they'll pay rent to me for 4-6 months or however long it takes for his credit to improve, then they buy the house from me. I'm obviously a little hesitant, but come from a very close and strong family and really want to help them out. + +Edit: First off, thank you everyone for the advice. I have a lot to think about moving forward. While I want to believe they wouldn't do anything to jeopardize my future, I need to cover my bases. I am having them forward me all the paperwork they have from the beginning and having them sit down with another attorney. I myself may even sit down with an attorney with the paperwork they have, but it'll be tough being in a different state. + +This is one of the hardest decisions I've had to make. I do love my family and would do anything for them, but need to be cautious moving forward. + +My wife and I were just talking about this this morning. I've always believed that paying off your mortgage early should be prioritized as equal or above pumping money into investments. My argument has always been more about psychological comfort and financial freedom than maximizing wealth. My wife has always felt like we could be making more money by putting it in the market. The fiscal argument is pretty clear in an era of low-interest mortgages. Part of the fiscal argument has always been: if you run into hard times and need money for your mortgage, you can pull it out of the market. + +However, we were talking about what it would be like to have a mortgage right now. If we had to pull money out of the market at this point to make a mortgage, we would take an absolute beating. We don't have a mortgage and feel incredibly fortunate. Our monthly spend is really low right now which extends our 6-month emergency fund into more like a 12-month emergency fund. + +I guess what I'm curious from all y'all is do you feel like the current situation is changing the conversation on the value of paying off a mortgage early vs. putting that money into the market? +The same happened to the internet. If someone was murdered by someone they met on the internet, media blames the internet. + +20 years later people are over it because they all use the internet now. + +Will we ever get impartial news? When are people going to stop forgetting society always does this? + +Edit: I mean currency as a system (USD, not cash) +Edit: I don’t have the headspace to fuss about capitalisation anymore sorry folks, if it’s not Github it’s GitHub, BitCoin, Bitcoin, whatever, you understood the message +Clueless new investor here who invested majority of my portfolio into QQQ near ATH in early February. Now QQQ is finally slowly creeping back up to break even. My question is should I liquidate the majority of my QQQ and switch to VTI? Or just add future positions to VTI and keep QQQ? + +Looking back at historical charts, it looks like QQQ outperforms VTI in 10 year, 5 year, 1 year comparison whereas VTI outperforms QQQ in 6 months & YTD comparison. Assuming I have 20+ years before retirement and can weather the QQQ volatility, is it wrong to hold QQQ as the majority portion and switch to VTI majority when I get closer to retirement? + +Thanks in advance. +NotSafeMoon is an anti-shitcoin. It's a shit-seeking destroyer with a powerful use-case. It's safe, NotSafemoon. + +NotSafeMoon is developed by Ryan Dunn who has revealed his personal information and renounced ownership shortly before the initial presale. He created the token after noticing flaws in Moon coin code forks that enables contributions from the liquidity pool for other moon coins (from taxes on transactions) to be skimmed into developer wallets... And after performing an audit on several popular coins, noticed this was occurring several times a day at a rate of over $750,000. + +NotSafeMoon has a moon-coin analytics dashboard that connects directly to your wallet and monitors all your coins in one spot providing analytics built on top of the features of the already running twitter price prediction bot. + +The bot is able to look into liquidity pool balances, and produce a warning of an incoming dump and token devaluation minutes before it occurs! The idea is similar to bogged where the more tokens you hold, the more features you'll unlock in the dashboard. + +Currently at 3.2M market cap and growing - Liquidity Locked 20 Years - Ownership Renounced + +8% Tax on all Transactions 2% Directly to Burn Wallet 6% Distributed to All Holders + +Check out the AMA [here](https://www.youtube.com/channel/UCrBZjNyERNWPYtZGm6sXJTA) that should answer most questions + +Check out the amazing Twitter bot [here](https://twitter.com/NotSafeMoon) to see the utility of this project in action! + +[Buy on Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F) 8-9% Slippage + +[Whitepaper](https://notsafemoon.com/public/docs/whitepaper/whitepaper.html) which is definitely worth a read + +[Contract address](https://bscscan.com/address/0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F): 0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F + +[Website](https://notsafemoon.com/): [https://notsafemoon.com/](https://notsafemoon.com/) + +[Dashboard Beta](https://notsafemoon.com/public/dashboard/dashboard.html) so you can see it in action for yourself before first major release. View reflection gains, liquidity pool reserve balances, fee and reward exclusion data, "moon" dev token and LP token balances, estimated time until a tokens liquidity dump.... too much to list + +[Telegram](https://t.me/NotSafeMoonOfficial): NotSafeMoonOfficial (800 members) +Overall is this a good idea? + 1. I think it would be a better idea to just have them put aside an account and leave it as inheritance. But, I don't know which option is better for tax purposes. +2. The other issue is we don't want our son to have access to blow money when he is 18 years old, even if we instill good financial mindset and habits + 3. I feel like this is leverage that they have over us or possible wedge, I dont't know how to describe it but it feels like a power move. + +We have the means to start such an account for him without their help. Would appreciate any other considerations we haven't thought of. +What's up fellas at Theta Gang. I made called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +\***Smaller Accounts:** Tickers under $50 will be **BOLDED** + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|**RIOT - Riot Blockchain Inc**|886M|$13.10|195%| +|**MARA - Marathon**|695M|$10.93|189%| +|**FUBO - fuboTV**|2.98B|$44.18|156%| +|**BLNK - Blink Charging Co**|1.6B|$49.63|155%| +|**SBE - Switchback Energy Acquisition Corp - Class A**|1.45B|$46.10|151%| +|**AMC - AMC Entertainment Holdings Inc - Class A**|273M|$2.51|150%| +|**DGLY - Digital Ally Inc.**|69.6M|$2.60|141%| +|**GME - Gamestop Corporation - Class A**|1.41B|$20.15|140%| +|**LAZR - Luminar Technologies Inc - Class A**|7.23B|$33.08|140%| +|QS - QuantumScape Corp - Class A|2.64B|$114.77|139%| +|**RIG - Transocean Ltd**|1.35B|$2.20|131%| +|**APXT - Apex Technology Acquisition Corp - Class A**|585M|$16.37|126%| +|**HYLN - Hyliion Holdings Corporation - Class A**|2.63B|$17.10|125%| +|**SRNE - Sorrento Therapeutics Inc**|2.07B|$7.86|124%| +|GSX - Gsx Techedu Inc - ADR|0|$55.00|119%| +|**ACB - Aurora Cannabis Inc**|1.26B|$8.87|119%| +|**JMIA - Jumia Technologies Ag - ADR**|0|$43.62|118%| +|**NKLA - Nikola Corporation**|5.28B|$13.76|118%| +|**CODX - Co-Diagnostics Inc**|306M|$10.81|118%| +|AI - C3.ai Inc - Class A|0|$161.00|117%| +|**TLRY - Tilray Inc - Class 2**|1.15B|$8.57|117%| +|ARCT - Arcturus Therapeutics Holdings Inc|2.4B|$98.09|116%| +|**CRSR - Corsair Gaming Inc**|3.34B|$36.33|115%| +|**APHA - Aphria**|2.13B|$7.13|109%| +|**WKHS - Workhorse Group Inc**|2.77B|$22.95|109%| +|**NIO - NIO Inc - ADR**|47.1B|$45.77|103%| +|**PLTR - Palantir Technologies Inc - Class A**|40.8B|$27.75|102%| +|APPS - Digital Turbine Inc|5.2B|$58.46|93%| +|**PLUG - Plug Power Inc**|14.8B|$35.59|91%| +|OSTK - Overstock.com Inc|2.43B|$56.72|91%| +|**COTY - Coty Inc - Class A**|5.5B|$7.18|91%| +|**SPCE - Virgin Galactic Holdings Inc - Class A**|6.06B|$25.85|91%| +|CRSP - CRISPR Therapeutics AG|12B|$168.33|90%| +|**GRWG - GrowGeneration Corp**|1.52B|$41.21|89%| +|**XPEV - XPeng Inc - ADR**|0|$41.87|87%| +|MRNA - Moderna Inc|48.8B|$123.44|86%| +|**CNK - Cinemark Holdings Inc**|1.95B|$16.51|86%| +|**PSTH - Pershing Square Tontine Holdings Ltd - Class A**|5.21B|$26.03|85%| +|**BBBY - Bed, Bath & Beyond Inc.**|2.34B|$18.61|85%| +|U - Unity Software Inc|44.7B|$164.92|83%| +|**FEYE - FireEye Inc**|5.09B|$22.36|83%| +|**CRON - Cronos Group Inc**|2.66B|$7.49|83%| +|ABNB - Airbnb Inc - Class A|93.3B|$154.67|82%| +|**HOME - At Home Group Inc**|1.04B|$16.06|79%| +|FROG - JFrog Ltd|6.28B|$68.74|78%| +|DASH - DoorDash Inc - Class A|0|$158.46|76%| +|ENPH - Enphase Energy Inc|22.9B|$181.38|76%| +|**SAVE - Spirit Airlines Inc**|2.39B|$24.42|75%| +|**PRPL - Purple Innovation Inc - Class A**|2.07B|$34.13|75%| +|FVRR - Fiverr International Ltd|6.82B|$211.56|75%| +|FSLY - Fastly Inc - Class A|9.98B|$97.49|74%| +|**CGC - Canopy Growth Corporation**|9.63B|$25.83|74%| +|**GLUU - Glu Mobile Inc**|1.66B|$9.66|74%| +|**CCL - Carnival Corp. (Paired Stock)**|23B|$20.84|73%| +|**NCLH - Norwegian Cruise Line Holdings Ltd**|5.28B|$24.58|72%| +|**AAL - American Airlines Group Inc**|9.47B|$15.66|72%| +|**OXY - Occidental Petroleum Corp.**|16.5B|$17.67|72%| +|**IQ - iQIYI Inc - ADR**|12.7B|$17.45|70%| +|**M - Macy\`s Inc**|3.34B|$10.75|69%| +|SNOW - Snowflake Inc - Class A|16.4B|$323.04|69%| +|DKNG - DraftKings Inc - Class A|20.4B|$52.11|68%| +|**UPWK - Upwork Inc**|4.61B|$37.79|68%| +|**X - United States Steel Corp.**|3.7B|$16.79|67%| +|PENN - Penn National Gaming, Inc.|14.7B|$94.63|67%| +|SEDG - Solaredge Technologies Inc|16.6B|$323.80|65%| +|**LL - Lumber Liquidators Holdings Inc**|973M|$33.70|64%| +|TSLA - Tesla Inc|627B|$661.93|64%| +|PTON - Peloton Interactive Inc - Class A|41.6B|$162.62|63%| +|NET - Cloudflare Inc - Class A|26.1B|$84.98|63%| +|**CLDR - Cloudera Inc**|4.65B|$14.88|62%| +|EAT - Brinker International, Inc.|2.61B|$57.71|62%| +|CVNA - Carvana Co. - Class A|12.9B|$274.71|61%| +|SFIX - Stitch Fix Inc - Class A|4.36B|$69.33|61%| +|CZR - Caesars Entertainment Inc|12.8B|$75.90|60%| +|**UAL - United Airlines Holdings Inc**|12.7B|$43.22|59%| +|TAN - Invesco Capital Management LLC - Invesco Solar ETF|3.51B|$102.80|59%| +|RCL - Royal Caribbean Group|15.9B|$70.66|59%| +|W - Wayfair Inc - Class A|18.4B|$252.82|58%| +|CHWY - Chewy Inc - Class A|41.4B|$104.01|58%| +|**HUYA - HUYA Inc - ADR**|326M|$18.91|58%| +|PINS - Pinterest Inc - Class A|43.9B|$71.04|58%| +|CREE - Cree, Inc.|11.4B|$103.37|57%| +|**RKT - Rocket Companies Inc Class A**|2.4B|$20.83|57%| +|CHGG - Chegg Inc|11.9B|$92.41|57%| +|ZM - Zoom Video Communications Inc - Class A|107B|$375.00|57%| +|**HAL - Halliburton Co.**|17B|$19.21|56%| +|ROKU - Roku Inc - Class A|38.9B|$356.79|55%| +|**BIG - Big Lots Inc**|1.64B|$44.10|55%| +|**SNAP - Snap Inc - Class A**|61.9B|$50.15|54%| +|CRWD - Crowdstrike Holdings Inc - Class A|41.6B|$221.08|54%| +|AMD - Advanced Micro Devices Inc.|110B|$91.86|53%| +|BYND - Beyond Meat Inc|8.56B|$136.48|53%| +|**LB - L Brands Inc**|10.8B|$38.96|53%| +|DDOG - Datadog Inc - Class A|22.1B|$106.24|52%| +|ETSY - Etsy Inc|24B|$190.25|52%| +|**ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean**|4.27B|$27.82|52%| +|**LYFT - Lyft Inc Cls A**|15.1B|$48.83|52%| +|SQ - Square Inc - Class A|97B|$228.28|52%| +|ARKG - ARK Investment Management LLC - ARK Genomic Revolution ETF|6.79B|$103.10|52%| +|**GPS - Gap, Inc**.|7.64B|$20.43|52%| +|WYNN - Wynn Resorts Ltd.|12.3B|$114.41|51%| +|YETI - YETI Holdings Inc|6.36B|$73.09|51%| +|TWLO - Twilio Inc Class A|50.9B|$362.88|51%| +|BABA - Alibaba Group Holding Ltd - ADR|601B|$222.00|51%| +|**GE - General Electric Co.**|93.3B|$10.65|51%| +|TDOC - Teladoc Health Inc|30.1B|$207.95|50%| +|Z - Zillow Group Inc - Class C|31.7B|$138.51|50%| +|SE - Sea Ltd - ADR|84.3B|$193.18|50%| +|SMAR - Smartsheet Inc - Class A|8.86B|$72.50|50%| + +&#x200B; +With the crazy volatility going on, it���s easy to let the FOMO get the best of you and deploy all your capital on stocks that are down for today/this week, only to have the stock crash further. It’s important to know when to just sit on your hands and ride it out for a bit. Some of you are playing ThetaGang like you would WSB/PennyStocks +Edit to add: I've been reading all the replies. Thank you taking time out of your day to comment. After reading all the input, I'm convinced I should not quit on Monday. I will take advice here to try extra hard to find part-time work. I guess many of you are right - 20 hours at Starbucks would probably feel just as shitty as 20 hours in a finance job, except I would get paid 4x more at the finance job. I don't know. I realize I should think much, much more before quitting this thing. + +---- + +I'm 31 and I have just crossed over $500k invested between my 401k and trading account...zero debt. I have $50k in a checking account to last me a couple years without work. All my money is from me working, saving, investment gains. I live in Kansas City. I don't own property but I live with my elderly parents who are almost 80 years old. We are from Calcutta so it's not that odd for unmarried adult kids to live with parents. They are very independent both financially and in everyday life. My monthly expenses are barely $1000 since I don't pay rent. My parents absolutely refuse rent. But on their birthdays and holidays, I give them each a stack of cash, $1000 or so and I have to force it onto them, they don't want my money since they are FI but I just want them to have it. I spend probably $20k a year including those cash gifts. + +I will stay with my parents until they pass. I refuse to ever put them in a home. + +I don't hate my job but I hate wasting 9 hours of my life here every day. I am an analyst on my company's finance team and I earn $85k gross. I want to get a part time job where I work 3 days a week to get health insurance and spending money. I think Starbucks or Costco. I'd like to let my $500k grow to $1m in about a decade, then completely stop working. Why? Because 4% @ $1m will be enough to cover health insurance and spending. + +My other idea is to get contract finance jobs where it's only a 6 month term, make $25k to cover spending + health insurance, then I have 6 months off. + +I think I'm ready. I want to quit. I have my resignation letter typed up. I'm so scared. My plan is quit, decompress for a couple months, then go visit India for a month (I haven't been there since we left when I was 3 years old) then maybe start looking for part time work. Like I said, I have $50k liquidity set aside to last me a couple years. + +I'm going to think more over the weekend then quit on Monday. +Been looking into Facebook lately. It’s getting really cheap at a < 20 forward PE. Does anyone think that is is a stock that’s always going to stay at a lower multiple because of antitrust and government / FTC always being on them. I personally don’t think so but I want to hear other thoughts. +Good Morning Reddit! + +It is me again! Due to requests for an analysis on AMD after i posted a detailed analysis on [INTC](https://www.reddit.com/r/investing/comments/ycpfr9/intel_analysis_serious_dd/?utm_source=share&utm_medium=web2x&context=3), soon AMD will have the earning calls so I worked expeditiously to provide you a quick one on the matter! + +I must warn that this is just a quick observation of the 2021 balance sheets, ratios and calculations and price forecast. With that, i can already confirm that the company is already over my expectations in regard of revenue, even tho costs have surpassed it too. Net income is still in range to forecast. + +**TL:DR** + +* **$51.28** factoring Earning Based growth rate +* **$54.94** factoring in Earning Based growth rate and ROA +* **$58.15** average of all the factors considered +* **$4B** net income by EOY +* **10.15%** overvalued +* Hold and Accumulate + +# Table of Contents + +* Assumptions +* Data +* Risk Analysis +* Sector Comparison +* Ratios +* Evaluation Methods +* Google Search Trends +* Institutional rating changes +* Final Comment + +# Assumptions + +* Stable **average** growth until 2026 +* Company does not pay dividends and reinvest all the earnings into the company +* Slowdown of the economy and the semiconductor sector + +# Data + +|Data|Number|Source| +|:-|:-|:-| +|Levered Beta|2.05|Yahoo Finance| +|Unlevered Beta|2.04|Computing| +|Market Expected Return|9.4%|Motley's Fools, 50y average, 1972-2021| +|US Interest Rate|4%|Trading Economics, end year forecast rate 31/10/2022| +|Risk Free Rate|4.054%|Yahoo Finance, 10y US Bonds| +|Risk Premium|5.19%|Computing| +|Corp Tax|13.98%|Computing, Tax provision / Income before taxes| +|CAPM|14.95%|Computing, using unlevered beta| +|WACC|14.89%|Computing, taking in count credit rating| +|RRR|11.51%|Computing| +|AAA Bond Yield|5.31%|Moody's Seasoned Aaa Corporate Bond Yield 31/10/2022| +|EPS|2.49|Yahoo Finance| +|Average US GDP Growth|3.18%|TradingEconomics 1947 - 2022| +|Outstanding shares|1,614,321,000|Excel Stock Data 31/10/2022| +|Next Years Analyst growth estimate|7.5%|Yahoo finance| +|Next 5 Years Analysts growth estimate|25.46%|Yahoo finance| +|Growth Rate by earning retention|30.88%|Computing| +|Growth Rate by ROA & Retention|34.16%|Computing| +|ROA|25.46%|Computing| +|Earning Retention Rate|100%|Balance sheet| +|P/E|24.9|Yahoo Finance| +|PEG|0.81|Computing| +|Market P/E|20.29|Mutlpl.com| + +# Risk Analysis + +Taking in count the stock's price movement from its maximum timeline, from 1985 to 2022, we have the following data: + +|Expected Return|1.91%| +|:-|:-| +|Variance|3.26%| +|Standard Deviation|18.33%| + +# Sector Comparison + +By taking the Semiconductor Sector in count, which include machinery producers like Murata MFG or TE Connectivity Ltd and differentiate if from the Semiconductor Industry, where we have only the closely related to chip making companies like TSMC, NVIDIA or Intel, we have the following comparison: + +|Indicator|Numbers| +|:-|:-| +|AMD Unlevered Beta|2.04| +|Sector Beta|1.33| +|Industry Beta|1.40| +||| +|P/E|24.9| +|Sector P/E|21.54| +|Industry P/E|20.63| +|Market P/E|20.29| + +# Ratios + +**Profitability** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|Gross Profit Margin|46.01%|31.49%|22.00%| +|ROA|25.46%|27.78%|5.66%| + +**Efficiency** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|Accounts Receivable Turnover|53|74|84| +|Accounts Payable Turnover|114|140|151| +|Asset Turnover Ratio|1.54|1.30|1.27| +|Inventory Turnover|84|94|93| +|Days sales in Inventory ratio|4.35|3.87|3.93| + +**Management Effectiveness** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|ROE|42.18%|42.66%|12.06%| +|ROIC|43.20%|23.73%|12.06%| +|DuPont Analysis|62.87%|11.42%|17.12%| + +Note: DuPont Analysis has the following numbers for 2021: + +* 0.192 net profit margin +* 1.537 asset turn over +* 1.603 financial leverage + +**Financial** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|Cash Ratio|85.09%|94.75%|63.71%| +|Working Capital|2.02|2.54|1.95| +|Acid Test|1.49|1.81|1.43| +|Debt Ratio|5.32%|5.93%|12.08%| +|Debt to Equity|8.82%|9.10%|25.75%| +|Interest Coverage Ratio|233.21|92.49|30.51| + +**Value** + +|Indicator|2021|2020|2019| +|:-|:-|:-|:-| +|Price to Book Ratio|13.35|16.50|34.07| +|Income Quality|1.11|0.43|1.45| + +# Evaluation Methods + +In this evaluation, i used the following methods: + +* Adjusted Graham Formula +* FCF Evaluation Method +* Discounted Unleveread Free Cash Flow + +The Final Price is the average price extrapolated from those three ways. + +**Note:** *Dividend Discount Model and Total Payout Model are not considered due to the fact that they do not pay dividends.* + +**Adjusted Graham Formula** + +|Data|Number| +|:-|:-| +|EPS|2.49| +|P/E|7| +|Growth Rate|30.88| +|1g|1| +|Corporate Bond|4.4| +|AAA Bond Yield|5.13| +|**Intrinsic Value**|**$80.90**| + +**Free Cash Flow Evaluation Method** + +|Data|Number| +|:-|:-| +|FCF|3,220,000,000| +|Discount Rate|14.89%| +|Growth Rate|30.88%| +|**Per share Value**|**$16.33**| + +**Discounted Unleveread Free Cash Flow (2022 to 2026)** + +|Data|| +|:-|:-| +|Discount Rate|14.89%| +|UFCF growth rate|30.88%| +|Average US GDP Growth|3.18%| +|Shares outstanding|1,614,321,000| +|**Current Value**|**$56.61**| + +# Google Search Trend + +Observed Trend, 12 months worldwide, category: "internet & communication" + +|Intel|\#1|80| +|:-|:-|:-| +|NVIDIA|\#2|65| +|AMD|\#3|56| + +# Institutional rating changes + +Changes in rating as for the 2nd November 2022 + +|Institution|Previous|Current|Rating| +|:-|:-|:-|:-| +|UBS|$80|$75|Neutral| +|Keybanc|$100|$85|Overweight| +|Deutsche Bank|$70|$68|Hold| +|Raymond James|$100|$80|Strong Buy| +|Mizuho|$102|$95|Buy| +|Stifel|$100|$91|Buy| + +Changes in rating as for the 31th October2022 + +|Institution|Previous|Current|Rating| +|:-|:-|:-|:-| +|Morgan Stanley|$86|$77|Overweight| + +&#x200B; + +# Final Comment + +As we can see, AMD is a good and stable company, with huge potential from its fundamentals. We can expect at least 1.91% return in perpetual from this stock if we want to hold it forever, with a probability to see swings between +20% and -20%. + +AMD had a high beta compare to the sector and the industry, this makes it riskier and potentially very lucrative than the average peers. + +Its P/E is above the industry and the market itself, probably a little bit overvalued. + +High profits margin and ROA suggest us a potential growth, same for ROE and ROIC. DuPont Analysis shows a positive 62.87%. + +Financial indicators point out the fact that AMD's financials are stable and not in danger in any front in the short and mid run. + +We shall take in mind that 2020 and 2021 were outliers years, and due to the lockdown the company had huge profits came with speculative bubble of those two years. The speculative bubble pushed for a positive trend on the company, inflating its price well over its fundamental value. We shall expect to see a regression towards the mean growth range and the price to stabilize to its fundamental, discounting off the hype and trend. + +If this company paid dividends, it would have a higher evaluation. + +Its **current** fair value is + +|Price|Factors considered| +|:-|:-| +|$51.28|WACC + Earning Based growth rate| +|$47.80|WACC + Earning Based growth rate + interest rates of 4%| +|$54.94|WACC + Earning Based growth rate + ROA based growth| +|$50|WACC + Earning Based growth + ROA based growth + interest rates of 4%| +|$86|RRR + Earning Based growth| +|$58.90|RRR + Earning Based growth + Interest rates of 4%| +|**$58.15**|**Average of all the factors considered**| + +&#x200B; + +Reminder that this is based on the balance sheet of 2021 business year's end, in fact, growth in revenue is already over expectation, as well as costs one, but net income not yet, still under 1B missing until now, expecting a **net income of 4B EOY** + +The company is a Long Hold and have high probability to pay dividends in the future, but as for now, it is **overvalued by 10-15%** due to last year trend. Good buying positions shall be around 50-55 dollars + +&#x200B; + +Edit: added "Institutional rating changes" and included different factors in the final price + +What do you think? Any ideas? Suggestions? Feel free to comment! :D + +*This is not financial advice* +I'm 19F and almost 2 years back, I got acquainted with Benjamin Graham's The Intelligent Investor and Security Analysis. However, I have often heard that as classic as they are, they seem to be losing relevance over time. Would you agree? Also, I would really appreciate other recommendations for beginners! + +Thanks! + +Edit : Thank you everyone for your valuable recommendations and insights!💖 I really appreciate them :) +I know there are a lot of Bogleheads and Vanguard followers in this sub - http://www.philly.com/business/a/john-bogle-dead-vanguard-obituary-20190116.html +From [one of my posts a while back](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/) I wanted to show the newer apes and those who didn't see it the first time. How we got here and how it looks eerily familiar. + + + [Goldman Sachs, Deutsche Bank and Bear Stearns created](https://www.deepcapture.com/2010/04/goldman-sachs-john-paulson-and-the-hedge-funds-that-pumped-and-dumped-our-economy/) self destructing CDOs to crash the market in 2008 + +> In a civil suit filed Friday, the Securities and Exchange Commission charged Goldman Sachs with fraud for helping hedge fund manager John Paulson create collateralized debt obligations that he had secretly designed to self-destruct. That is, Goldman Sachs, at the direction of Paulson, hand-picked mortgages that were certain to go bad, and stuffed the mortgages (or rather, “synthetic” derivatives of the mortgages) into collateralized debt obligations that temporarily masked the true value of the loans. + +> Goldman isn’t the only bank that created these CDOs. Deutsche Bank, UBS, and smaller outfits, such as Tricadia Inc., perpetrated similar scams. All told, well over $250 billion worth of these  “synthetic” CDOs were sold into the market in the two years leading up to the financial crisis of 2008. Indeed, there is a distinct possibility that a majority of all the CDOs sold during those two years were deliberately designed to implode by hedge fund managers who were betting against both the CDOs and the financial system as a whole. +&nbsp; + +Here's [what they were doing](https://www.deepcapture.com/2010/01/john-paulson-and-the-greatest-pump-and-short-fraud-ever/) + +> An example of a particularly sordid scheme, orchestrated by hedge fund billionaire John Paulson, was discovered some time ago by David Fiderer, a blogger for the Huffington Post. The information in Fiderer’s blog is rather incriminating, and, of course, the mainstream media is not on the case, so I think it bears repeating. + +> As Fiderer explains, Paulson asked the banks to create those CDOs “so that they could be sold to some suckers at close to par. That way, Paulson’s hedge fund could approach some other sucker who would sell an insurance policy, or credit default swap, on the newly minted CDOs. Bear, Deutsche and Goldman knew perfectly well what Paulson’s motivation was. He made no secret of his belief that the CDOs subordinate claims on the mortgage collateral were close to worthless. By the time others have figured out the fatal flaws in these securities which had been ignored by the rating agencies, Paulson could collect up to $5 billion. + +> “Paulson not only initiated these transactions, he also specified the terms he wanted, identifying which mortgages would be stuffed into the CDOs, and how the CDOs should be structured. Within the overall framework set by Paulson’s team, banks and investors were allowed to do some minor tweaking.” + +&nbsp; + +The only guy to go to jail, [was running from this](https://www.deepcapture.com/2009/01/strange-occurrences-and-a-story-about-naked-short-selling/) and turned himself in (this story includes Jim Cramer) + +> Evidence suggests that Bernard Madoff, the “prominent” Wall Street operator and former chairman of the NASDAQ stock market, had ties to the Russian Mafia, Moscow-based oligarchs, and the Genovese organized crime family. + +> And, as reported by Deep Capture and Reuters, Madoff did not just orchestrate a $50 billion Ponzi scheme. He was also the principal architect of SEC rules that made it easier for “naked” short sellers to manufacture phantom stock and destroy public companies – a factor in the near total collapse of the American financial system. + + + +[Part two](https://www.deepcapture.com/2009/10/on-rolling-stone-penson-financial-the-mafia-and-naked-short-selling/) + +> Things become all the more weird when you consider that regulators and law enforcement do almost nothing to stop naked short selling, even though a growing number of prominent people – everyone from U.S. Senators to George Soros – insist that criminal naked short sellers helped take down Bear Stearns, Lehman Brothers, and the American financial system. Then there’s the weird fact that anybody who tries to shed light on this weird state of affairs is quickly subjected to smear campaigns that are…weird. + +&nbsp; + +By 2011 the FBI is saying publicly its still a problem and they're capturing regulations. + +> [They may be former members of nation-state governments, security services, or the military. These individuals know who and what to target, and how best to do it. They are capitalists and entrepreneurs. But they are also master criminals who move easily between the licit and illicit worlds. And in some cases, these organizations are as forward-leaning as Fortune 500 companies.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> This is not “The Sopranos,” with six guys sitting in a diner, shaking down a local business owner for $50 dollars a week. [These criminal enterprises are making billions of dollars from human trafficking, health care fraud, computer intrusions, and copyright infringement. They are cornering the market on natural gas, oil, and precious metals, and selling to the highest bidder.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> These crimes are not easily categorized. Nor can the damage, the dollar loss, or the ripple effects be easily calculated. It is much like a Venn diagram, where one crime intersects with another, in different jurisdictions, and with different groups. + +> How does this impact you? You may not recognize the source, but you will feel the effects. [You might pay more for a gallon of gas. You might pay more for a luxury car from overseas. You will pay more for health care, mortgages, clothes, and food.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> Yet we are concerned with more than just the financial impact. These groups may infiltrate our businesses. They may provide logistical support to hostile foreign powers. [They may try to manipulate those at the highest levels of government. Indeed, these so-called “iron triangles” of organized criminals, corrupt government officials, and business leaders pose a significant national security threat.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +&nbsp; + +And these days we've got Citadel [playing games with Goldman Sachs](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) who was the center of 2008 and [is still being sued over it.](https://www.reuters.com/article/goldman-sachs-lawsuit-idCNL1N2ST1UU) + +> NEW YORK Dec 8, 2021 (Reuters) - Goldman Sachs Group Inc must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities before the 2008 financial crisis, a judge ruled on Wednesday. + +> U.S. District Judge Paul Crotty in Manhattan rejected Goldman's claim that its general statements about its business, including that client interests "always come first" and "integrity and honesty are at the heart of our business," were too generic to mislead investors and affect its stock price. + +&nbsp; + +.... Do you remember [what came back in 2019 a few months before the secret $4.5 trillion bailout?](https://www.bloomberg.com/news/articles/2019-05-02/hedge-funds-resurrect-cdo-trade-this-time-they-say-it-will-work) + + +> [Out of the $4.5 trillion in loans for Q4 2019, the bulk of it went to Goldman Sachs (103 instances), JPMorgan Chase (197 instances), Deutsche Bank (200 instances), and Citigroup (143 instances).](https://tokenist.com/fed-finally-identifies-banks-received-4-5t-q4-2019-repo-program/) + +&nbsp; + + +Now we're currently in a situation [where Moody's is refusing to downgrade defaulting companies to prop up the place](https://www.reddit.com/r/Superstonk/comments/s6hlww/moodys_is_the_one_seemingly_lagging_behind_in/) even going as far as [upgrading Citadel](https://i.imgur.com/jGrjr5F.jpg) in the middle of all this. So that insurance won't have to pay. + +&nbsp; + +*** + +Change of topics, rehypothecation - 2008 to now. + +> [LibertyView Capital Management Inc. of Hoboken, New Jersey, owned by Lehman's Neuberger Berman unit, told investors on September 26 it had suspended "until further notice" attempts notice" attempts to calculate the value of its funds. LibertyView was not included in the Sept. 29 sale of Neuberger to Bain Capital LLC and Hellman & Friedman LLC.]( +https://economictimes.indiatimes.com/news/international/lehman-hedge-fund-clients-left-cold-as-assets-frozen/articleshow/3551534.cms) + + +> PricewaterhouseCoopers, Lehman's bankruptcy administrator in the U.K., where its European prime brokerage was based, doesn't know how much money is at stake. [PwC said last month it's trying to recoup about $8 billion in cash that Lehman's parent company allegedly withdrew from its European unit before the collapse. It will take weeks, if not longer, to sort out the mess, according to PwC.](https://economictimes.indiatimes.com/news/international/lehman-hedge-fund-clients-left-cold-as-assets-frozen/articleshow/3551534.cms) + + + +&nbsp; + +> Oak Group used Lehman's unit in London because it allowed the fund to borrow more than US prime brokers, James said. Operating under different regulatory requirements, European prime brokers have been more generous than their US counterparts, sometimes even within the same parent company, said Michael Romanek, principal at Rise Partners Ltd., which arranges financing for funds from London. "A lot of US managers would rather deal with Europe than New York," said Romanek. "Rarely do you see it go the other way." James's account had pledged equity securities as collateral that Lehman then lent to other investors under a practice known as rehypothecation. It's the fate of that collateral that worries many Lehman hedge-fund clients. + + + +&nbsp; + + +Read that again! These guys rehypothecate shares on top of [internalizing orders with PFOF](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) (Madoff) + + + +> James's account had pledged equity securities as collateral that Lehman then lent to other investors under a practice known as rehypothecation. It's the fate of that collateral that worries many Lehman hedge-fund clients. + +&nbsp; + +Then... 2009 + + +> MR. NAGEL: On behalf of Citadel Investment Group, I'd like to thank the Commission and the staff for the +opportunity to be here today. At Citadel, we have over 19 years of experience as an active securities lending market participant. + +> And to support our private fund and market making businesses, we've built infrastructure that allow us to deal directly with the primary sources of securities loans, supply and demand, rather than rely entirely on intermediaries. Based on this experience, we believe that a well-functioning securities-lending market benefits all investors. + +> [Owners of securities can generate additional income or obtain financing by lending securities. Securities +lending also contributes to tight bid-offer spreads and market liquidity by enabling the orderly settlement of short sales.](https://www.sec.gov/news/openmeetings/2009/roundtable-transcript-092909.pdf) + +> At the Commission's May Short Sale Roundtable, I +explained Citadel's view that short selling benefits all investors and our economy by promoting liquidity and price discovery, and serving as a risk management tool for investors. + +> While the securities lending market has made great strides in recent years, we believe there is still +substantial work to be done before the securities lending market can reach its full potential. Despite its growing size, the securities lending market remains relatively opaque because there is little centralized collection or dissemination of loan pricing data. + +> Many securities loans are still bilaterally +negotiated between market intermediaries on the phone or by email and each party to a securities loan generally faces the credit risk of the other party for the duration of the loan. + +> Until recently, no centralized venue existed where borrowers and lenders could readily find each other and transact directly + +&nbsp; + +> In the U.S., margin regulations allow a customer to buy securities and they can pay for half of it and borrow the other half from their broker dealer. The portion of the securities that they don't pay for when they buy the securities -- the piece that they've, in effect, bought on margin -- the broker dealer is allowed to use those securities to help raise cash to replenish its own bank account for the money its lent to the customer. That term is rehypothecation -- I'm sorry, it's a very long word -- but it means basically to borrow securities in this case. + +> And the broker dealer can take those rehypothecated securities, those securities that were bought on margin, and pledge them to a bank to borrow money to replenish its cash supply, or it can lend securities to another party, and by doing so it replenishes its cash supply + + +That last part is important, the list of prime brokers/custodian’s that [Citadel has access to](https://imgur.com/a/67S62yU) means they could weave one giant web with themself/VIRTU + + +&nbsp; + + +Here's [Citadel's 2019 financial statement,](https://www.sec.gov/Archives/edgar/data/1146184/000114618420000006/CDRG_StmtFinCndtn2019.pdf) saying this. + + +> Collateralized Transactions +The Company enters into reverse repurchase agreements, repurchase +agreements and securities borrowed and securities loaned transactions to, among other things, acquire securities to cover short positions and settle other securities obligations and to finance certain of the Company’s activities. The Company manages credit exposure arising from such transactions by, in appropriate circumstances, entering into master netting agreements and collateral arrangements with counterparties. In the event of a counterparty default (such as bankruptcy or a counterparty’s failure to pay or perform), these agreements provide the Company the right to terminate such agreement, net the Company’s rights and obligations under such agreement, buy-in undelivered securities and liquidate and set off collateral against any net obligation remaining by the counterparty. + + +> During the year ended December 31, 2019, the Company had reverse repurchase and repurchase agreements with Citadel Securities Institutional LLC (“CSIN”), an affiliated broker and dealer, and Citadel Securities Swap Dealer LLC (“CSSD”), an affiliated swap dealer (Note 6), and non-affiliates. Securities borrowing and lending transactions are collateralized by pledging cash or securities, which typically include equity securities and are collateralized as a percentage of the fair value of the securities borrowed or loaned. Reverse repurchase and repurchase agreements are collateralized primarily by receiving or pledging securities, respectively. + +> Typically, the Company has rights of rehypothecation with respect to the securities collateral received under reverse repurchase agreements and the underlying securities received under securities borrowed transactions. As of December 31, 2019, substantially all securities received under securities borrowed transactions have been delivered or repledged. + +> The counterparty generally has rights of rehypothecation with respect +to securities collateral pledged by the Company for securities borrowed by the Company. The counterparty generally has rights of rehypothecation with respect to the securities collateral received from the Company under repurchase agreements and the securities loaned from the Company to such counterparty. Also, the Company typically has rights of rehypothecation related to securities collateral received from counterparties for securities loaned to those counterparties. + +> The Company monitors the fair value of underlying securities in comparison to the related receivable or payable and as necessary, transfers or requests additional collateral as provided under the applicable agreement to ensure transactions are adequately collateralized. + + +&nbsp; + +Here's [Dennis Kelleher talking about rehypothecation during the GameStop hearing](https://www.youtube.com/watch?v=chogYSWCA24&t=802s) calling it "a house of cards" + + + +&nbsp; + +ELIAPE: + +They call a bank and get a margin loan, half the securities they get with it can be rehypothecated. They, have those agreements with themselves. So they get one loan, and then get the same share multiple times, giving themselves money in the process. + +> > During the year ended December 31, 2019, the Company had reverse repurchase and repurchase agreements with Citadel Securities Institutional LLC (“CSIN”), an affiliated broker and dealer, and Citadel Securities Swap Dealer LLC (“CSSD”), an affiliated swap dealer (Note 6), and non-affiliates. Securities borrowing and lending transactions are collateralized by pledging cash or securities, which typically include equity securities and are collateralized as a percentage of the fair value of the securities borrowed or loaned. + + +One can use it to 'fulfill' naked shorts, one can use it to short the ticker, one can use it to sell at market, not on a dark pool to crash the price. + + +All they need is a shady bank, or 5 to help them. Bank makes a kickback for how many places buy it, they don't care that all forms of Citadel are using it to crash the price in the name of "liquidity" + + +> In the U.S., margin regulations allow a customer to buy securities and they can pay for half of it and borrow the other half from their broker dealer. The portion of the securities that they don't pay for when they buy the securities -- the piece that they've, in effect, bought on margin -- the broker dealer is allowed to use those securities to help raise cash to replenish its own bank account for the money its lent to the customer. That term is rehypothecation -- I'm sorry, it's a very long word -- but it means basically to borrow securities in this case. + +> And the broker dealer can take those rehypothecated securities, those securities that were bought on margin, and pledge them to a bank to borrow money to replenish its cash supply, or it can lend securities to another party, and by doing so it replenishes its cash supply + + +They also can all use the same share as collateral for more loans, to do it again + +&nbsp; + + +*** + +New subject, naked shorting. + +2008, the SEC [admitting it's happening and issues new rules.](https://www.sec.gov/news/press/2008/2008-204.htm) + +> Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against "naked" short selling. The Commission's actions will apply to the securities of all public companies, including all companies in the financial sector. The actions are effective at 12:01 a.m. ET on Thursday, Sept. 18, 2008. + + +> New Short Selling Rules + +> "These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling," said SEC Chairman Christopher Cox. "The Enforcement Division, the Office of Compliance Inspections and Examinations, and the Division of Trading and Markets will now have these weapons in their arsenal in their continuing battle to stop unlawful manipulation." + +&nbsp; + +[It currently is possible through Canada](https://www.reddit.com/r/Superstonk/comments/suvxgc/hot_potato_through_the_tunnel_under_the_border_a/) well, guess who [has Canadian companies](https://imgur.com/a/4sbeJCq) + +&nbsp; + +And then [this happens and the SEC hides names](https://www.natlawreview.com/article/sec-brings-naked-short-selling-case) + +> on May 19, 2021, the SEC charged a broker-dealer (“BD”) with violating the order-making and locate provisions of Regulation SHO.[1] Regulation SHO regulates short sales of securities and, broadly speaking, is aimed at minimizing naked short selling, failures to deliver, and other practices. + +> According to the Complaint, the BD mismarked 96% of a certain hedge fund’s short sale orders of two separate issuers’ stock, totaling more than $250 million, as “long” or “short-exempt.” This mismarking allegedly generated $1.6 million in brokerage fees to the BD. The effect of the mismarking was that the hedge fund was able to sell the securities short even though it already had a short position in the securities and did not borrow or locate additional shares to sell short. + +&nbsp; + +Well [look who has been sued for that situation before](https://www.reddit.com/gallery/qd27v5) and there's a lawsuit from 2017 [detailing what bullshit their algos actually are](https://imgur.com/a/xfpedtI) + +&nbsp; + +*** + +Craziest part about this? + +[Citadel's money is mostly foreign](https://imgur.com/a/sroliPP) + +Now let me remind you [what Hester Peirce](https://www.reddit.com/r/Superstonk/comments/rl2bfw/hester_peirce_the_other_dissenting_commissioner/) and [Elad Roisman](https://www.reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/) of the SEC were protecting. + +> [As a law firm representing a number of clients actively involved in markets for swaps +and securities-based swaps, we appreciate the opportunity to comment on selected issues raise by +the proposed rules issued by the Commodity Futures Trading Commission (the "CFTC") and the +Securities and Exchange Commission (the "SEC," and, together with the CFTC, the +"Commissions") that define key terms used and exemptions provided for in Title VII ofthe +Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf) + +> ***Non-U.S. Governments and their Agencies Should be Excluded or Exempted.*** + +> The Commissions' final rules should exempt or exclude non-U.S. governments and their +agencies from the definition of "swap dealer" and "major swap participant." Many such entities +enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + +> We do not believe that Congress intended the requirements of Title VII to apply to these +entities, many of which are active participants in the swaps markets for legitimate governmental +purposes. To require non-U.S. agencies to register with the Commissions as swap dealers and +major swap participants would produce an incongruous result and would represent both an +unwarranted extraterritorial application of U.S. law and an unacceptable intrusion on the +sovereignty of foreign nations. + +> While it may be unlikely that any non-U.S. government or any of its agencies would meet +the definition of swap dealer, they are unquestionably significant participants in the swap +markets. Under the proposed rules, they could face the prospect of registration with the +Commissions, reporting sensitive financial data to a foreign, !.~. U.S., government regulatory +authority, and business conduct rules designed for commercial entities. + +&nbsp; + +*** + +You think this is bad? [Citadel internalizes treasury orders too](https://imgur.com/7vEp7KK.jpg) that's probably not good when [Citadel is 7 of 8 of the clearing members](https://i.redd.it/qcsfdlq0by471.png) for treasuries + +> [Fixed Income Clearing Corporation (FICC), a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (DTCC), is the leading provider of trade comparison, netting and settlement for the U.S. Government securities marketplace. FICC’s Government Securities Division (GSD) was established in 1986 to provide automated comparison and settlement services, risk-management benefits and operational efficiencies to the Government securities industry](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) + +&nbsp; + +Oh wait, the FSOC told us it wasn't good. Right after the sneeze, (which they state there was a $1.1B Backtesting deficiency days before) [they say the treasury market suddenly lost liquidity](https://imgur.com/a/P3qYrOl) + +&nbsp; + +*** + +Now we ask, why are these things not showing up on anyone's books? + +Well [BNY Mellon holds them in Brazil for you](https://imgur.com/2uTQgH9.jpg) and we know they are American based holdings as [BNY's ADV form says they have ZERO foreign clients](https://imgur.com/a/s9uoeHA). + +Maybe you're asking yourself how this could happen, [well, Goldman has been there too](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) and BNY [didn't exactly care before](https://i.redd.it/4rsmlzn90vu71.jpg) + + +&nbsp; + +Final food for thought [look at the VW squeeze over the 2008 crash timing](https://www.reddit.com/r/Superstonk/comments/scgfs5/spy_vs_volkswagen_during_2008_crash_on_daily/) with all your new knowledge. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +https://www.thetimes.co.uk/article/burger-king-uk-cooks-up-600m-float-67tw3vnpr + +> The UK arm of Burger King is close to appointing advisers in preparation for a potential £600 million stock market listing next year. +> +> The company, owned by the private equity firm Bridgepoint, is understood to be in talks with bankers from Investec and Numis, with an appointment of one thought to be imminent. +> +> Burger King UK holds the master franchise for the UK from New York-listed Restaurant Brands International (RBI). It was bought by Bridgepoint in 2017, when the private equity firm also acquired Caspian UK Group, one of the UK’s largest Burger King franchisees with 74 restaurants. Today, it operates about 530 sites in the UK, some 400 of which are owned by franchisees. + +>Burger King UK and Bridgepoint are expected to formalise the listing plans in the coming days, and could yet run a dual-track process where a sale is also explored. +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) +My strategy is to collect as many top-rated stocks like JNJ (AAA) when they bottom + +https://preview.redd.it/6xteyfgy7m591.png?width=1992&format=png&auto=webp&s=d8e5f7d38644227cfd8c4d9d247a488e70a70b1c +My strategy is to collect as many top-rated stocks like JNJ (AAA) when they bottom + +https://preview.redd.it/6xteyfgy7m591.png?width=1992&format=png&auto=webp&s=d8e5f7d38644227cfd8c4d9d247a488e70a70b1c +*Re-posted from* r/FIRE *after a recommendation from one of the folks there...* + +I'm 46, I earn 1M+ per year working for a tech company. I have about USD 2M in cash, \~1M in stocks & retirement accounts, and about 4M in real estate assets with around 800K of debt, wife, 2 kids. Total net worth of around 6M. (real estate is residences though, not investments) + +I'm aiming/hoping to retire in 5 years, and have been working my spreadsheet-fu, but have hit a snag. The 2M cash I was planning to use to leverage about 6M in real estate, with the goal of accumulating enough cash over the next 5 years to pay down that debt and pivot the assets into income-generating. + +I've run the numbers, and with modest capital growth (spidey sense says real estate might slow over the next 5 years), I end with a NW of around 11-12M. OK.. seems fine, but that 6M in real estate (call it 7 by then?) will \*optimistically\* gross a 5% yield, and once property taxes, maintenance etc are deducted, it's more like 3%. Even with the tax benefits of depreciating the assets, I'm looking at a taxable income of around 220K. That might seem like a reasonable amount, but we burn through around 250K right now and we're not "living large" at all (California is expensive AF). + +I basically replace mortgage payments with paying for my own health insurance, and our monthly expenses are the same. + +What am I doing wrong here? In what crazy universe is 11M NW not enough to "get by"? +Has anyone heard from the ape who was forced to live from their van with two school aged kids? Out of nowhere I thought of you this morning and felt compelled to ask how you’re doing. It’s now ‘back to school’ time and I remember you saying this would be particularly difficult. Just wanted to make sure you’re ok, ask how the kids are doing, and see if there’s anything you need. Were you able to sort out some housing? +My dad was laid off in June 2016 and has struggled to find a stable job since. He and my mom live in a $350k house that they’ll never pay off. I’ve told them until I’m blue in face to sell the house and find a cheaper living option but they refuse to do so. + +This morning he sent me this email: + +>“I am in deep financial turmoil and need help. My credit is shot and can't get a loan on my own. I need $6,000 for the following expenses. + +>Mortgage $3,800.00 +Neighborhood HOA $1,400.00 +Utility_Gas $288.17 +Utility_Water $202.36 +Utility_Electric $191.00 +Wells Fargo $140.00 + +>You can get a personal loan for me from Sun Trust or Wells Fargo bank. I will make the monthly payments till the loan is paid in full. If you don't want to do it or, can't do it, please let me know.” + +The last thing I want is a high interest bank loan in my name, but I also don’t want my parents to be broke. My solution is for them to sell the house, pay off the mortgage and get back the roughly $70-$80k they have tied up in it, and use that to rent somewhere cheap. That amount could potentially sustain them for years until my dad is old enough to collect social security (he’s 61 now). However, I don’t know a lot about how mortagages and home ownership work to know if this is a viable plan. Any advice is appreciated. + +EDIT: To clarify, these are not just one month’s worth of expenses. Their monthly house payment is about $1600/month and the HOA fee is yearly, but both have late fees because they’re overdue. +[https://medium.com/@james.waugh28/corelogics-dirty-little-secret-db1314faf6d7](https://medium.com/@james.waugh28/corelogics-dirty-little-secret-db1314faf6d7) + +Two of the most widely sourced indicators for the state of the property market are the Corelogic daily and monthly indicators. + +Many people have recently observed that an increasingly high proportion of property sales have been published with “price withheld”, and I got curious about how and when these sales would be included in Corelogic price indices. Following enquiring with Corelogic and doing some of my own research, I came to discover the most widely cited price indices Corelogic publishes, namely the daily “hedonic” index and the monthly price index *do* use the “price withheld” sales, but that these are only incorporated once these sale prices are revealed to the valuer general some months later. + +If it were to be assumed that stronger sales are more likely to have their prices disclosed by the agents, and weaker sales are more likely to be “price withheld” the upshot would be that agents (or potentially shy vendors) have the ability to make the market appear stronger than it really is by simply reporting the prices of mainly the stronger sales. + +If this were to be true, it could mean that in times of weak conditions, you could expect that biasing to include mainly stronger sales (by reporting prices on mainly those sales) would bolster the index, and then later down the track, when the prices recover, and agents / vendors choose to report more sale prices again, the “price withheld” rate would start to drop. + +So how prevalent is this issue today? Well the answer is ***extremely.*** I looked into the auction results for the week ending 28 June 2020 for 25 different suburbs in NSW with the highest number of results and what I found was shocking even by my own cynical standards - 49% of sales were "price withheld" out of 100 sales in Sydney. + +The above shows that *around half* of property sales in Sydney had their prices withheld for week ending 28th of June (49% - and we can be 95% confident the true proportion is between 39% and 59% statistically speaking). + +What this means is that the recently reported “minor dip” in property prices is likely actually more akin to the prices cratering. Consider that if it were assumed that every “price withheld” sale on average is achieving a sale price that is 10% weaker than a reported sale price, the true property price index would have fallen by around 5% more than the reported fall (calculated assuming a 49% “price withheld” rate). + +It also shows very significant statistical evidence that the rate at which prices are withheld from sales is different within Sydney vs. outside of Sydney (p value = 0). “Price withheld” sales appear to occur at a far lower rate outside of Sydney. From the results I saw, it also appeared (anecdotally) as though the higher “price withheld” rate suburbs included more unit sales as opposed to houses. + +In statistics, basing conclusions from a sample of data that doesn’t represent the full picture is what is known as “sampling bias”. It’s pretty simple to understand; an example would be if the Government numbers for Australia’s average annual income were calculated from a survey conducted solely within Mosman, Point Piper and Kirribilli. Obviously, you couldn’t assume the sample is representative of all Australia. + +If it were to be true that “price withheld” sales have lower sale prices on average than reported sale prices, it would mean the market is seeming to be far rosier than it actually is in months when this rate climbs, since in those months, the index values are based only on the (assumed) stronger results (and prior months are closer to the true market state). So any growth trends are seemingly bullish, regardless of whether the market is flat or even declining. + +What’s even worse? [Real-estate.com.au](https://www.realestate.com.au/sold/in-dee+why,+nsw+2099/list-1?source=refinement) appear to have recently taken to suppressing the “price-withheld” sales from their search results, to conceal the extent to which this is taking place. The only way I could determine the extent to which “price withheld” sales are manipulating the current state of the market was by looking at individual auction results. + +A saying I like that summarises this problem perfectly is “you wouldn’t ask your barber if you need a haircut” (because he has a conflict of interest), however it seems in our property obsession, Australians have come to rely on asking agents how they think the market looks. The data above (very high withheld rates) seems to indicate that they can’t be trusted with this power. + +It is scary that the true state of the market is likely being hidden from potential buyers by a few highly motivated parties with questionable ethical standards, and even more depressing that the Government has done so little to regulate this poor behaviour. + +**Addendum — what will this mean moving forward for the index / market?** + +Some helpful users on reddit pointed me toward some information that implied that “price withheld” sales *are* included in the calculation of the CL Hedonic some months later when their prices are eventually disclosed to the Valuer General. What is not clear, and doesn’t appear to be disclosed by any Corelogic documentation is which date is used for these properties when they are interpreted to calculate the index; the date of the sale, or the date that the price was eventually disclosed to the Valuer General / Corelogic. + +The reason that is *very important* is because the calculation of the CL Hedonic uses a linear time weighting of prior sales when estimating how important the information of the sale was to our estimate of prices today (with more recent dates given a higher weighting than older dates). + +If it were to be that CL was using the sale date for “price withheld” sales, then these sales would never be an important data point in the calculation of the index (since by the time they are included, they are already ‘old’ sales, and hence are given low importance). Agents / shy vendors would therefore be able to manipulate the index & market sentiment by selectively only disclosing higher sale prices. + +If it were to be that CL was using the date at which the sale price arrives to the valuer general / CL as the date/age within their linear time weighting, we can expect the index to have the mother of all hangovers when these prices finally arrive into Corelogic’s data-set in 4 to 8 weeks and are given a high recency weighting when calculating the property index. + +All of this seems very unclear from their documentation online. Considering this is currently roughly half of the Sydney market today, this is certainly worth clarifying. +https://preview.redd.it/p3yfpss97t171.png?width=1600&format=png&auto=webp&s=825ffd179bc212c737f844969d365702c1f58530 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/68e62rxa7t171.png?width=680&format=png&auto=webp&s=8cd05d5b888f0e83fb63311336b019f1f35a1187 + +Let's start with the basics once more! + +https://reddit.com/link/nmsqhr/video/mcpqcoid7t171/player + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +([some 6/9 reading right here quoting Queen kong Dr T](https://www.reddit.com/r/Superstonk/comments/nm9kuc/getting_your_hopes_up_on_the_69_vote_is_fud/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)) + +&#x200B; + +https://preview.redd.it/754fz228ct171.png?width=500&format=png&auto=webp&s=e9a25097bb62cc42c950fef6bb8d50e8fccfe343 + +Rip Harambe + +Today marks the 5th anniversary of our OG King. + +Let's all take a second of silence and pay our respects for Harambe, Never to be forgotten. + +Ook ook oook! + +&#x200B; + +https://preview.redd.it/o1vo7pd0gt171.png?width=960&format=png&auto=webp&s=4500fae62893c1f614c5dd02aa8a3af0bdefb7a2 + +# The 411 on AMC + +Now there has been some discussion going on here over the past few days, and the mod team and others have noticed something, a metric fuckton of shills. + +To be clear on the AMC situation I need everyone to be clear on a few aspects. (which I will go into a little detail below) + +&#x200B; + +* there are genuine apes who hold AMC +* Amc has been seen as a distraction +* There is a theory that Adam Aron is a plant +* People who are trying to divide apes + +# There are genuine apes who hold AMC + +Remember we have been seeing the same behavior happening with GME BB NOK AMC and other very heavily shorted stocks, as a lot of people joined in the long long ago of January we have seen apes buy more than just GME. So keep in mind there are people here who own AMC and they are genuine, and we should be happy for them + +# Amc has been seen as a distraction + +Due to the nature of Citadel filings ([found here](https://www.reddit.com/r/Superstonk/comments/nmd04p/according_to_fintel_citadel_increased_their_long/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)) they have increased their long position on AMC to 163%, meaning they could be using the AMC squeeze the stave off a margin call, as we have theorised for months now they would pump another stock as a distraction (just like we have seen happen with certain crypto like CXC) in the hopes that the apes would FOMO into the other stock. + +Little did they know that we already figured this strategy out since February, and it's ok, just imagine if the AMC apes took their AMC squeeze tendies and put them in GME, that's the point that SHF's forget, we can keep retarded longer than they can remain solvent. + +# There is a theory that Adam Aron is a plant + +Now there has been a theory floating around that AA may be a plant by SHF just like Jim Bell(end) was for GME, this in and of itself is not a weird theory as if you look into things like this is it's not out of the ordinary for things like this to happen. + +Because if this is true (and lets for a second hypothesize that it is) if you were to make billions or go tits up, would you instal someone in the company you want to do this with to make sure this happens? because I would, now is there also a case to be made for AA just being... well AA and nothing more?Yes! both options are possible as of right now as we have not found exclusive evidence of either, meaning we can't rule out either. + +[link going into that a bit here](https://www.reddit.com/r/Superstonk/comments/nmnfby/apes_under_attack_how_hedge_funds_and_banks_are/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# People who are trying to divide apes + +This one is the easiest, I've been posting since January that people should be Excellent to each other, and for the most part people have listened, for which we (the mods and fellow apes) are extremely thankful for because if we just were dicks to one and other this would've ended a long time ago. + +We have now cultivated a culture of extreme helpfulness, kindness and generosity, this is our biggest strength because due to that we have formed a community which helps one and other in such an effective way that shills usually have zero ammo to fight with. + +Now if you look at this culture, this sub, and apes on other subs, the culture remains fairly much the same. + +Now AMC had a spike yesterday, and suddenly OUT OF FUCKING NOWHERE, apes start "fighting" but when you look into them they're either fairly new accounts, or all they're doing is trolling across all kinds of subs, so what does that tell you? for me it's easy, that's a shill + +So just don't engage, if a person is "fighting" with you verbally and you just don't respond there is no problem because it takes two to fight, just ignore the shills who want to fight, be nice and done + +&#x200B; + +([some reading regarding AMC](https://www.reddit.com/r/Superstonk/comments/nmhm1s/amcs_spike_today_and_what_it_means_for_gme_hfs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) pump possible) + +Just remember MSM has never been on our side this entire time, we have not trusted them for the longest time because they inaccurately reported everything, don't start trusting their bs now, even if it feeds your confirmation Bias. (this includes Jimmy Cramer suddenly saying "YeAh Im On YoUr Side NoW" piss off Jimmy + +[be like water, and chill](https://preview.redd.it/z15owkhset171.jpg?width=960&format=pjpg&auto=webp&s=c6530f6415af48014682b556c506dfdece83009d) + +# Reverse repo now reaches $485 Billion + +Just eum... gonna leave this here as this is an all time high... + +[https://www.ft.com/content/cdec7f2e-6129-412c-b118-8906a2a0f92f](https://www.ft.com/content/cdec7f2e-6129-412c-b118-8906a2a0f92f) + +&#x200B; + +https://preview.redd.it/a28vz7b0ft171.png?width=1080&format=png&auto=webp&s=15ab8f862d3fc4a88df0cb8dcf6a8ae84a17e3f1 + +Just... totally normal to see this.... 👀.... + +&#x200B; + +https://preview.redd.it/5ha2ja4oft171.png?width=960&format=png&auto=webp&s=3f619b78c45d20ff8af2333ab11b5abe456d29f4 + +[WTF DID HE JUST SAY? (VIDEO)](https://www.reddit.com/r/Superstonk/comments/nmiygi/unmitigated_disasterdamage_united_states_for/?utm_medium=android_app&utm_source=share) + +Did this dude just say **the treasuries are close to defaulting** ????? + +Wasn't this... like HOC1's thesis?\*looks at repo... \*looks at videofuuuuck + +https://preview.redd.it/gm6pn6al9t171.png?width=960&format=png&auto=webp&s=5d474983a3ad00bceee6a708424b4f066ed8cc62 + +# SR-OCC-2021-003 approved - That one was needed for SR-OCC-2021-801 + +[https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf](https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf) + +thanks to u/C3ll3 their thread [here](https://www.reddit.com/r/Superstonk/comments/nmjbov/srocc2021003_approved_that_one_was_needed_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall**\*The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.\*This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation.Filed 2021-02-24Effective 2021-05-31 (expected no later than 05-31, unless further opposition is filed) + +\*This paragraph is from u/nothingbuttherainsir [DD](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) (very interesting please go give it a read). + +&#x200B; + +https://preview.redd.it/ma6vlwg8ht171.png?width=758&format=png&auto=webp&s=c1ca694e4945dedb6fb7e3c8e8a35423d88628de + +# To summarize: + +The stars are aligning but expect fuckery, if you see someone fighting someone else because they hold another stock let them be and ignore them (old 4chan saying "don't feed the trolls"), be kind, check your own bias and be excellent to everyone! + +Amc apes are still apes, all apes are friends, but remember this sub is GME focussed. + +&#x200B; + +https://preview.redd.it/izturryvht171.png?width=554&format=png&auto=webp&s=132d9b3cc33e59d2dff499d8b9f9362d5a2ccbfb + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +&#x200B; + +https://preview.redd.it/gval82iyht171.png?width=400&format=png&auto=webp&s=2155b97e25c57656405e297dd6cd0387cb26b803 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +Also a side note, The NYSE will be closed on Monday the 31st for Memorial day. just so no one forgets ;) + +**~~Addendum:~~** ~~the stock market will also be closing earlier today, at 2 p.m.~~ + +I accidentally mixed up the NYSE and the BONDS market, my bad +Hi there + +I am a bit embarrassed to ask this.. + +I am totally new to FatFIRE. + +I am a self made entrepreneur. I am 42 and I have a NW of 4.8 million. I have no kids and I am single. + +Some day I will also inherit money, although I try to never think about that and I don't care if my parents leave me anything.. + +..but its likely I probably will never have to work again if I don't want to. + +I have no loans and I own my condo. But I also do not have a solid income as I am trying to grow my new business. But I am quite sure it will make multiple six figures this year. + +I made most of my money selling my last business. + +I am def no financial genius and I have my money invested into stock and (soon) real estate.. but my strong point is starting things that make money .. not really using money to make money. + +&#x200B; + +I don't like many luxury items.. but I have found this car I am completely in love with. + +Its 300 grand, and its over sticker because of the demand for cars right now. + +Its just truly a work of art. + +&#x200B; + +I realize a car is just a material item, but I've had Porsches in the past and the feeling they provide just seems to have good emotional return on investment :) as they put a smile on your face every time. + +Just wondering -- is 300k on a car a bit too much? I guess it really comes down to many factors. +I would like to move to the US, but before I do that I want to have dividend income that will let me live middle class lifestyle in the average State (excl expensive states). + +Can anyone share his own experience (with numbers) investing in dividend stocks and living completely on them? +As the title states, my parked car was hit by a guy backing out of his driveway at the end of September. Right after the accident, I called the police, got an accident report, and the other driver admitted fault. I submitted a claim with his insurance, got a letter stating my claim was in process...and I haven't been able to get anything else from them since. I have spoken to their higher ups, left hundreds of messages, and nothing happens. No updates, no one who answers will give me any information, nothing. + +I think I am at the point where I need to file with my insurance to get my car fixed, but I wanted to see if there are any other steps I can or should take. Is getting money from the other driver's shitty insurance company a lost cause? Will my insurance go after them? Do I get a lawyer involved? + +Thanks in advance everyone. + +UPDATE: Thanks for taking the time to give me advice everyone. I just filed with my insurance company to get this going. + +UPDATE: Great feedback, Reddit. Thanks for all taking time to reply. This was my first accident and I feel like I am now much more prepared to handle this. For others like me, go ahead and file with your own insurance, especially if the offending party's insurance is unresponsive. There is no good faith with these people, even with a straight forward accident with a police report. This should be illegal, but it isn't. My insurance has already scheduled repairs at the body shop of my choice and is going after the other party/company. I will check my rates but have been assured they won't go up as I wasn't at fault or even in the vehicle. Again, thanks everyone. You people are great. +MoonStop 100% NO HYPE price prediction. + +Are you tired of scrolling through CMS and only seeing hyped up coin after hyped up coin? Yea me too. + +So let me give you a NO HYPE price prediction on a project that I got into a few weeks ago and has continued to impress me. + +MoonStop has been on the market for about 45 days. This is important to know because most projects are literally dead by this time. + +It also had an ATH just two days ago which is important to know because most meme coins peak out at about 30-35 days while MoonStop is still going strong... + +**Granted it just got listed on Hotbit and Coin Gecko which obviously helps BUT the real magic is the active Dev and Team that are constantly working on the improvement of the project. + +In fact if you do your own due diligence you will see that the triple threat use case separates it from any other meme coin, which is why it has held up so well in current market conditions and will continue to fly. + +What are the 3 use cases that make it so special?? + +✅ Exclusive partnership with Typhoon giving us the ability to transact MoonStop privately from wallet to wallet. Privacy will become a cornerstone in the market as more regulations roll out in the near future. + +✅ NFT marketplace on Unifty for Intermediate/Pro Gamers and Artists to stake and farm their content and for you to buy, sell and trade. + +✅ Anti whale and Power to the People tokenomics. 9% transaction fee(5% liquidity/4% to holders) also remember that privacy feature???  + + +You can now swap MoonStop wallet to wallet 100% free. No other meme coin with redistribution has this feature… none, zero, zilch, nada. + +So whats my NO HYPE price prediction? + +I believe its 2.5 million dollar market cap(8 Million ATH 3 days ago)  is about 5% potential of what it can do by the end of summer and about 2% of what it will hit by the end of the year as word continues to spread about its utility and memability. + +So by October/November I can easily see it sitting around a 100-125 million dollar market cap which would be a 50x from where it currently stands… and that's a 100% NO HYPE price prediction. + +CA : 0x150159C72F0F9Ef9000BF95E242dE6682480D6D3 + +(Make sure u buy on pcs v1 OR hotbit) + +https://t.me/officialmoonstopcoin + +Join the telegram, ask questions… its 100% rug proof and welcome to the darkside of the moon… MOONSTOP💎🎯 +https://www.cnbc.com/2020/04/09/jpmorgan-now-sees-economy-contracting-by-40percent-and-unemployment-reaching-20percent.html + +They seem to come out with bleaker forecasts every time they run their models. Already priced in? I really find this rally hard to believe. It's based on hopes, dreams, wishes and inkjet. +Why would I not max this out? I understand that I-bonds exist to simply keep up with inflation and if the S&P moons I have missed out, but this kind of no risk return is not something I have come across in my short time investing. The other side of the coin is the S&P could continue to struggle. + +Someone explain to me why I shouldn't throw my money at this. + +8.37% comes from 7.12% from the first 6 months and the calculated 9.62% for the second 6. +Link: https://www.mcgillpersonalfinance.com/ + +I haven't tried it out yet but I'm planning to soon. + +Edit: Ooh wow my highest upvoted post. Glad you guys find it useful! +I see on reddit a some comments about how owning timeshares “can be a good deal” and thought it was prudent to point out this is just not true in any evidence I could find. They are a really predatory and deceptive business whether resale or points based and especially when bought from the developer. Let’s go through the options if you **own** a timeshare: + +* You buy from a developer/direct - + +They immediately decrease in value if bought from the developer, sometimes to literal worthlessness or even negative value. Every. Single. Timeshare. Decreases. I don’t care if it’s Disney Vacation Club or whatever the salesperson told you. You buy it from the developer and you just wasted tens of thousands of dollars. Check Ebay if you don’t believe me or literally any of the resale sites. You just lost thousands of dollars. Find a single one that has increased in value vs inflation, post the link and I’ll buy the first person gold. Even DVC which is considered the most valuable timeshare currency sells for under initial purchase value when accounting for inflation. + +* You buy/gifted from a reseller/family member - + +Let’s say you get it for literally zero dollars on ebay. Pretty sweet right, free vacation? Wrong. Maintenance fees will be very expensive. At least 500-800$ yearly. So you are paying 500-800 a year, to hopefully go on vacation to the same place at the same time (if the word “points” just jumped into your brain, go to the next paragraph). This may be a discount of 0%-50%. So this is the one thing I will conceded this may provide you with a *small* discount. So a small discount to have a liability and complete lack of flexibility in a vacation is a terrible financial tradeoff. People that post that “the same room/condo would be 5k that week!” are always quoting the developers “stated rate” which is not market at all and basically made up. Give me an exact example if you think I’m wrong along with screen shot of your maintenance fees and again, gold to the first person. + +* “But 16semesters, I get points! I have plenty of flexibility” + +Points are garbage. Garbage. They oftentimes include an additional fee to use a different resort. No matter what the salesperson told you, there *are* byzantine rules on dates, switching out, etc. They are restrictive and expire after *at most* 3 years. They sell for fractions of their “value” on resale sites. Why would points be selling for so little on the resale market if they are such good deals? Wouldn't it be prudent to just buy the points at a significant discount and use those instead? Let me know your company your timeshare is through and I can promise I'll find points well below "retail". + +A lot of people also get second hand information on these things from family members that may be inaccurate or outdated so I’d caution passing off “well my aunt only pays X” unless you’ve seen some proof. It’s okay if you’ve been scam by a timeshare or someone in your family has. I’ve been scammed on other scams before, it doesn’t make you stupid. I write this post on the personal finance subreddit so that people can be informed moving forward. If anyone has disagreements or something I missed let me know. +OCTANS is still here with no plans of going anywhere! We are a sleeping giant primed for liftoff! +We are a fully doxxed and payrolled team of developers, graphic designers, public relations officers, marketing team and moderators looking to unleash the Octaverse onto the world! We have been around for nearly four months now and are laying a strong foundation for the eventual market rebound! +🔥 BSC Contract Address: 0x86c3e4ffacdb3af628ef985a518cd6ee22a22b28 🔥 High Quality Whitepaper available on our official website 🔥 MAJOR developments happening behind the scenes! 🔥 Buy directly with Octaswap directly from our official website 🔥 CERTIK AUDIT completed with Skynet activated 🔥 64k+ holders and counting 🔥 LISTED ON WHITEBIT NOW🚀🚀🚀 🔥 Listings on Bitmart and Gate. io exchanges in the works! 🔥 Clothing Store launched and taking orders! 🔥 News articles with TechTimes, Cryptocurrenciesnews UK, and TechBullion published 🔥 News article with Yahoo Finance publishing soon 🔥 10 contracts with YouTube influencers signed with videos releasing over the next two months +🔥 Backed by a solid, multi-million dollar company (Capital Games Portugal) with a fully doxxed team of developers, marketing professionals, public relations officer, graphic designers and community moderators on payroll! 🔥 See the company headquarters on our official YouTube page 🔥 The team at OCTANS are focused on the creation of an OCTAVERSE. The Octaverse will include: an Octamarket, an NFT marketplace, and the ability to use the token within video games. 🔥 The company backing OCTANS has direct third party merchandising partnerships with Disney, Star Wars, Marvel and DC 🚀🚀🚀 +🔥 Visitors to the Octamarket will have the ability to purchase a wide range of licensed video gaming products and peripherals at below market cost! 🔥Two video games are currently in development which will incorporate the use of the token 🔥 Giveaways for holders as rewards every day in JULY 🔥 Live Octawatch on Twitch every Monday: Weekly news and updates with team members 🔥 A presence on every major social network online 🔥 Listed on Coingecko, CoinMarketCap, Blockfolio, Coinstats and many other coin ranking sites 🔥 More listings, partnerships and sponsorships to come! +Discover more on our socials at the following links. Official Website: https://octanscrypto.com Twitter: https://twitter.com/octans_octa Telegram: https://t.me/OCTA_OCTANS Discord: https://discord.gg/XVS8FfUgYc YouTube: https://www.youtube.com/c/OctansOCTA Twitch: https://www.twitch.tv/octanscrypto Instagram: https://www.instagram.com/octans_octa +Hey /Ethtrader! I've been a 100% ETH hodler up until these last few days. I recently took out a grand or so to dump into ANS. It seems like it's a Chinese-centric version of ETH. Similar coin supply (ultimately), smart-contracts, etc... Curious to hear thoughts of folks in here. Thanks! +I was too young and uninvolved with real estate when the last crash happened. + +It seems people all figured it was going to keep going up. All greed and no fear. + +This time around, so many people are calling for a crash? Have times changed and the majority is able to see what’s happening or is there a possibility for a dip and major continuation? +[https://finsharing.com/posts/in-q1-2020-tesla-produced-almost-103-000-vehicles-and-delivered-approximately-88-400-vehicles-making-it-tesla-s-best-ever-first-quarter-performance-a5fca217](https://finsharing.com/posts/in-q1-2020-tesla-produced-almost-103-000-vehicles-and-delivered-approximately-88-400-vehicles-making-it-tesla-s-best-ever-first-quarter-performance-a5fca217) + +&#x200B; + +>In the first quarter, Tesla produced almost 103,000 vehicles and delivered approximately 88,400 vehicles. This is Tesla's best ever first quarter performance. +> +> +> +>Model Y production started in January and deliveries began in March, significantly ahead of schedule. Additionally, Tesla's Shanghai factory continued to achieve record levels of production, despite significant setbacks. +> +>Tesla's net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. The company's delivery count should be viewed as slightly conservative, as Tesla only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles. +I have found myself visiting ethtrader less and less bc of the continuous controversy machine that is donuts. + + +I feel like I am at a never-ending PTA meeting where everyone is getting heated about how much of a budget we should dedicate to the decorations at the bakesale. + + +they seem to be good for nearly nothing, except amplifying drama, which they do quite well. + + +it has been a fun and interesting experiment, but we now have the results. i'm happy we tried it out, and I will be happier when it get back to moderating posts and discussing things like a community. +**Phil continues: "GameStop’s extensive store base, focus on digital transformation in an omni-channel environment and expert gamer associates remain an important part of our gaming ecosystem, and we’re pleased to elevate our partnership.”** + +[GameStop announces multiyear strategic partnership with Microsoft - Oct 2020](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) + +edit: related [post](https://www.reddit.com/r/Superstonk/comments/s76l3h/game_informer_which_is_owned_by_gamestop_hyping/ht7zefc/?context=3) + +edit 2: An Ape who would like to remain anonymous DM'd me this thought: + +The Microsoft acquisition of Activision IS our pathway into the microtransaction revenue. I couldn't figure out how we'd get in on it. More than 50% of Activision annual revenue is microtransactions. So I figured GameStop had a plan. Microsoft is a big player in Ethereum blockchain already. They've already made statements about a decentralized future and shit. I'm so fucking pumped on this. The stars are fucking aligning. +[r/Economics](https://www.reddit.com/r/Economics/) is the largest economics community on Reddit with over 2.1 million subscribers. However, that size brings its own challenges in terms of moderation. Our rules do a good job of increasing the quality of the subreddit when they are applied, but our mod team is too small to consistently apply them. + +That's where you come in. More consistent enforcement of our rules will increase the quality of discussion. We need more moderators to do that. + +What do moderators do? + +* Ruthlessly enforce our rules. Remove off-topic posts. Nuke comment threads. Ban Nazis. +* Answer questions in modmail, communicate our rules to [r/economics](https://www.reddit.com/r/economics/) users +* Coordinate with the [r/badeconomics](https://www.reddit.com/r/badeconomics/) and [r/askeconomics](https://www.reddit.com/r/askeconomics/) mods. +* Cool projects to make the subreddit a better place. This could include dedicated threads to current events, expanding the FAQ, restarting journal day or article of the week, ect. + +What are we looking for? + +1. History of well-written comments and consistent engagement in any of the REN subs ([r/economics](https://www.reddit.com/r/economics/), [r/askeconomics](https://www.reddit.com/r/askeconomics/), [r/badeconomics](https://www.reddit.com/r/badeconomics/)), as well as a mature behavior on Reddit as a whole. The number one reason we have rejected candidates is they have very little history in any of the economics subs. In our experience moderators without ties to one of the REN subs tend to quit moderating after a week or two. +2. Interest in economics and evidence of a decent knowledge in the subject. We're not looking for subject matter experts (and we do not require any formal education in economics, though it never hurts if you have it), just a passion for the subject, and an ability to distinguish links that are good for [r/economics](https://www.reddit.com/r/economics/) from those that really should be in [r/politics](https://www.reddit.com/r/politics/), [r/investing](https://www.reddit.com/r/investing/), or [r/business](https://www.reddit.com/r/business/). +3. Ample time to devote to moderating. We recognize that mods have lives and don't expect that mods are constantly online. What we do expect is the ability to check in and pull weeds for 10-20 minutes a day on regular basis. + +Please leave a comment in this thread if you are interested! + +Please write a few sentences about your background, time spent on Reddit and anything else which may help us evaluate your fit. Including links to a few high quality comments would also be useful. +The website of a farmers market states that by buying directly from farmers, you cut out the middle man and farmers get to keep more of their money. My question is, when you cut out the middleman, do you displace workers employed by the middleman and possibly do more harm than good? +I don’t know if this is the correct place to ask this question, but I’m going to ask anyway. + +I am a final year undergrad Economics student. I am from Sub Saharan Africa. I am very heavily considering doing my postgraduate degrees in Economics/ Development Economics. I however am not sure what the job market for economists is like in Northern America (Canada and the US) or Europe since I am considering on moving out of my home country for a period of time. +Please thank u/WendoverProductions for the following video: [The Super-Fast Logistics of Delivering Blood By Drone](https://www.youtube.com/watch?v=bnoUBfLxZz0) + +The drones' blood deliveries help service Rwanda's hospitals, and Rwanda has a [Universal health care](https://en.wikipedia.org/wiki/Universal_health_care) system. How come Rwanda doesn't suffer the following problems with it?: + +* Overcrowding (unless the supply of medical care meets the level of demand) +* [Brain drain](https://en.wikipedia.org/wiki/Human_capital_flight) (i.e. why don't its medical staff leave for higher-paying countries) +* Lack of supplies (i.e. what happens due to a [command economy](https://en.wikipedia.org/wiki/Planned_economy#Planned_versus_command_economies) that grants free healthcare but lacks [hard currency](https://en.wikipedia.org/wiki/Hard_currency) to buy supplies) +* Budget deficit (surely, providing healthcare would be expensive, especially in a sub-Saharan African country dealing with high prevalence of HIV/AIDs and tropical diseases) +* Corruption and inefficiency (generally, you don't want to give too much of the economy to a government because they would become inefficient, or worse, corrupt) +*DISCLAIMER: If you are a new investor I highly encourage starting off in your own back-yard. If you do decide to expand out of state than its crucial that you have folks on the ground that you trust with 1,000’s of dollars.* + +**The Initial Silo** + +Before you spend any serious time analyzing a market you need to understand what kind of investor you are; financially and emotionally. Are you risk averse? Limited capital? Looking for day one cash flow? Short term appreciation? + +Investment strategies and metrics can vary by region. If out of state and starting from from ground zero. Begin with choosing a region (i.e. mid-west, west coast, sunbelt, east coast) based on your investing style. Then narrow your search to metros, and then neighborhoods. + +Now on to research. + +## Important Demographics + +I break demos down into three categories. (1) Demand Drivers, (2) Economic Health, and (3) Supply & Demand. + +**Demand Drivers**. Insight into past & present growth.  + +* Population Growth (historical and current) +* Household Income Growth (historical and current) +* Job Growth (historical and current) +* Home Value Growth (historical) + +**Economic Health.** How costly, temperamental, and diverse the economy.  + +* Unemployment Rate +* Median Household Income +* Cost of Living +* Poverty Level +* Economic Diversity + +**Supply & Demand.** Insight to how competitive a market. Rising supply over demand = lower prices. + +* % Renter Occupied  +* Inventory +* Vacancy +* Under Construction Units (as % of inventory) +* Absorption +* Delivery + +Once you understand the supply side of the equation you can layer the demand numbers on top. Be sure to read up on local legislation and zoning to find/understand supply constraints. + +**Example of how supply effects rents:** + +Let’s say a metro has 750,000 households. 25% of the population are renters, or 187,500 renter households. 50% of the renter households live in multifamily units (93,750 units). Vacancy rate is 5%. So, there are 89,063 occupied multifamily units. AKA Demand = 89,063 rental units. (750,000\*.25 =187,500 ; 187,500\*.50 =93,750 ; 93,750\*.05 =89,063) + +&#x200B; + +||Year 1|Year 2|Year 3|Year 4|Year 5| +|:-|:-|:-|:-|:-|:-| +|Inventory Units|93,750|93,750|93,750|93,750|93,750| +|Vacant Units|4,688|2,016|\-736|\-3,571|\-6,491| +|Multifamily Renters|89,063|91,734|94,486|97,321|100,241| + +*No New Supply* + +How many units per year would need to be built to keep up with growth? + +With a population growth of 3%, developers would need to deliver 3,000 units per year to keep up with demand. Here’s what the forecasted supply would look like if 3,000 units were brought online per year. + +&#x200B; + +||Year 1|Year 2|Year 3|Year 4|Year 5| +|:-|:-|:-|:-|:-|:-| +|Inventory Units|93,750|96,750|99,750|102,750|105,750| +|Multifamily Renters|89,063|91,734|94,486|97,321|100,241| +|Vacant Units|4,688|5,016|5,264|5,429|5,509| +|Vacancy Rate|5.0%|5.2%|5.3%|5.3%|5.2%| + +*3,000 New Units Annually* + +## Applying these demographics + +You now understand what kind of investor you are, what region fits that style, and what demos to keep an eye on. It’s time to apply this knowledge. + +The first step is identifying the metro. Start by compiling a list of possible metros and use Neal Bawa’s rule of thumb guide to filter\*\*.\*\* + +**Metros:** + +1. Population Growth + 1. Large cities (i.e. LA/NYC) = 10% growth since 2000 + 2. Smaller cities (i.e. Phoenix, Orlando, Las Vegas, Columbus) = 20% growth since 2000 +2. Income + 1. 30% growth since 2000 +3. Median House/Condo Value + 1. 40% growth since 2000 +4. Crime + 1. Sub 500 on the [city-data](http://city-data.com/) crime index +5. Major Employers + 1. No one employer has greater than 20% market share + +Time to niche down to neighborhoods. + +**Neighborhood:** + +1. Household Income + 1. Between $36-$70K +2. Poverty Level + 1. Sub 20%.  +3. Unemployment Rate + 1. Not 2% greater than the metro rate. +4. Diversity + 1. No on race is 75% or more of an entire population + +## Path of Progress + +Next – identify the path of progress. This further solidify’s what neighborhoods are of the best quality and which neighborhoods you can expect to see growth. + +Use the Wendy’s Model. Wendy’s historically followed McDonalds in order to attract demand. Like Wendy's follow the national retailers. They will find and create demand. Let them do the dirty work for you.  + +The best tool for this is Google My Maps. You can search major retailers (i.e. Target, Whole Foods, Costco, OrangeTheory Fitness, etc.) and pin them to your map. Be sure to keep the pins to a minimum. Be selective. By adding too many tenants you will muddy the map — defeating the point. + +## Comps and KPI’s + +You now know what neighborhoods are good or bad and where growth is headed. Time to focus your attention on the real estate -- comparable’s and key performance indicators. + +Key performance indicators in real estate + +* Vacancy +* Cap rate +* Annual rent growth +* Absorption +* Delivery +* Market rent/unit +* Market sales price/unit + +## Rent Surveys & Sales Comps + +First, run rent surveys on each neighborhood you identified as “good”. There are a myriad of resources for this — craigslist, apartments.com, hotpads.com, etc. Build out these surveys in excel. Make sure your noting things like Class A vs. Class B and renovated vs run-down. + +Next, run comps using actual sales data and rents at time of sale. This will give you an average sales price, average rent rate, gross rent multiplier, and cap rate. Make sure date of sale is within a reasonable time frame (2 years). + +Use this info alongside your underwriting and you over time you will be able to clearly see good deals vs bad deals. + +**Done.** +\## CALLING ALL DEGENERATE ~~GAMBLERS~~ INVESTORS!!!!! /r/ASX_BETS IS 6 MONTHS OLD!!!!!!!!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +Once upon a time, long long ago (Well, 6 months)….. A Degenerate Australian on WSB began searching for a place to get local information. He found the r/ASXbets subreddit and discovered it to be a ghost-town. Gates were locked and signs posted ‘access never granted’, no matter how much he yelled. He called to the Shadowy Gods of reddit (well, the admins) for access. He waited and waited,but no access came. + +&#x200B; + +During this time in the wilderness, a shadowy figure appeared on the desolate landscape. The figure demanded knowledge, "has your access been granted solitary one?" “Nah mate” replied the solitary wanderer, “it has not…”’. + +&#x200B; + +In their fury, the two began discussing the ways of gay bears and their interest in random sci fi from the 90s. Whist they waited, many snaggas were made as the market crumbled and ~~market manipulators~~ Central banks awoke howling and thrashing. + +&#x200B; + +Then, in a moment etched in Reddit history (or at least the reddit logs), one turned to the other and uttered those immortal words "Why not add an underscore?". + +&#x200B; + +That day was 6 months ago this week. + +&#x200B; + +One created a new account to hide their shame from the world and the other the Sub and together they began calling across the Reddit wilderness, into the great beyond, seeking the elusive Autist. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +In the dark seething hellholes like r/Ausfinance, they would make offhand comments like "Sounds crazy enough for r/ASX_bets.! to draw in…the others. + +&#x200B; + +Slowly, Autists began lurking… + +&#x200B; + +From nothing, A community was formed. + +&#x200B; + +Who would have thought that ASX\_Bets would survive this long without a rigorously supervised counseling intervention program? + +&#x200B; + +But we have and we are thriving. + +&#x200B; + +Great moments such as The Purge, The discovery of the BBUS Limit down bug, that time Plucky went off their meds, BRNaggedon, when we finally added more mods (this is actually very important), the "do stocks last a day?" question, managing to get a Z1P/cuckold reference into the AFR and of course, Shit-hands-posting. + +&#x200B; + +So, to celebrate our anniversary in this glorious corner of the Reddit cesspool we are throwing our own gala celebration and you are ALL invited to participate. + +&#x200B; + +Families and especially children squabble, especially highly autistic ones so the Mod team have devised a little game to help you all shake out any little festering rivalries you may have developed recently. Do you believe that your wife's boyfriend is another member? Maybe it's time to settle the score instead of bringing it up during the filming of your onlyfans. + +&#x200B; + +You must chose a stonk, challenge another and they must chose better than you for a 1 day battle. + +Its going to be user VS user in the ASX Arena. The aim is to have sweet Snags delivered to our Accounts and our vanquished rivals deliver pizza to our doors. Any ASX\_Bets Autist may call out any other degenerate in a ‘’stonk off’’, pitting your rocket picking skills against each other in the ultimate battle to the end of market day. Here. THERE ARE NO RULES. Oh wait. There are rules, see below. Good luck and may the charts be forever in your favour!!! + +&#x200B; + +\### READ CAREFULLY Rules: + +&#x200B; + +\- Autist must call out rival Autist on this THREAD ONLY (any other bets will be deleted). + +\- In your comment you must tag your rival and name your stonk. Options, Warrants and other forms of leverage are not allowed. + +\- Rivals, reply to your comment thread ONLY. + +\- Rivals, in your comment you must either accept or reject. If you accept, name your stonk. + +- Only one challenge per Autist. If your rival has already been challenged (or a challenge they gave was accepted) and they have accepted, you were too slow. + +\- Challenge close Monday 21/09/2020 at the time the daily thread for Tuesday is posted (around 6PM Eastern time) . + +\- All stonks must be bought and sold on Wednesday 23/09/2020. They can be purchased or sold at any time the market is open that day, 10:00AM to 4:10PM. The order can be placed at any time the night before, ready for market open. + +\- $500 minimum buy in. No Maximum. + +\- Greatest % gain wins. You may even chose the same stock as your opponent, if you think you have better timing than them. + +\- You must chose the amount of money that is going in at the first purchase. You may sell it at any point, wait some time, then get back in. However, brokerage must be deducted. (Also remember, its % based not $$ based) and you need to sell by end of day. + +\- When you make a buy or sell, make a post in the sub. This is to prevent people making stupid rebuys, losing it all and "forgetting" to post those. + +\- Proof of buy/sell order MUST be posted in the relevant thread. One will be posted. + +\- Loser is responsible for organising 1\* large pizza of winners choice, delivered to said winners door or available for pickup by the end of weekend 26-27/09/2020. + +\- Proof of delivery MUST be posted by WINNER by end of weekend 26-27/09/2020 Losers are recommended to get their own proof (as receipts) Autists may by mutual agreement donate pizza money to charity instead, proof required. + +&#x200B; + +\### CONSEQUENCES: read this shit carefully + +&#x200B; + +\- Rejection of contest – no penalty, just a lot of trash talk directed your way, maybe even a shiny (or shitty) flair to remind you if you're very, very lucky. + +\- Edit your comment after the challenge has been accepted = 1 week ban and the challenge is void + +\- No proof of buy AND sell order = 1 month ban (trading halts excepted, but sale must be as soon as reopening) + +\- Failure to deliver Pizza to worthy victor = 3 month ban + +\- Winners not posting proof of PIZZA delivery by weekend ending above = 1 week ban + +\- Winners posting information about another members address or using it for anything other than Pizza = Lifetime ban. + +&#x200B; +The short version? Chose someone to challenge. Challenge them to a bet. Buy your Stonks on Wednesday. Biggest gains wins. Loser buys the winner Pizza. + + +All buy/sell proof and subsequent pizza posts will need to be tagged with the **"Salty Toppings"** flair, don’t make the mods do this for you or we might get salty…. +So I was in the shower, pondering life's mysteries and throwing out some comebacks to my school bullies 4 years too late, when I began to start thinking about the positive changes I've made financially. They saved my ass a couple of times, and so I wanted to share. + +I. The saving accounts. + +- Get a saving account with interest. Period. I use Discover for a cashback debit and a savings account. Shop around for one that best suits you. + +- Some people still don't know you can have more than one dedicated savings account. If you don't know, now you know. You can get creative with these hoes, too. I had one dedicated to 3x rent, utilities, and groceries. +I say have a minimum of 2x, but if you can add more, add more. + +- I had another one dedicated to emergencies. I have $4.5k in there. This covers car problems, anything my insurance doesn't cover, hotels, food... you get the idea. Much like everything else, your goal will and should depend on your financial situation. Again, add more if you can. Always. + +- If you can, have a "fun times" account. +I, at my core, am a materialistic motherfucker. I love watches, cars, clothes...everything. But, I refrain from living like one, because I've developed discipline over the years. However, I'm also in a position where I can throw in money into a more "flexible" account like this, so I do. This gets last priority. If I have any money left after R/U/G and my emergency account, then I'll throw it in this guy. + +II. The talk. + +*You* know *you.* And sometimes, you just have to get real with yourself. + +When I see that Lego set, I'm telling myself "you lazy motherfucker, you're not going to spend your time building that." + +And when I see that beautiful Solar G Shock that can be submerged for 17 years at 50000 meters, I think "but when's the last time you actually went outside?" + +Think things over. Find reviews. Imagine yourself using it. Then repeat the process. I sit on purchases for MONTHS sometimes before actually going through with the purchase. Sometimes, by the time I'm ready to buy whatever it is, there's a nice discount on it. Other times, they raise the price and I just repeat the process again. It happens. + +III. Eating out is your enemy. + +As I grow older, I find that most of that "fun time" money is going towards eating out. The money is fair game, so financially, it's fine. But mentally? Imagine the toll. Postmates and GrubHub are cancer. It's convienent. Too convienent. And the additional fees are outrageous. + +Do yourself a favour. Go to the grocery store more often. Buy shit you'll actually want to eat. Buy what you crave. Live a little. Remember, it's fun money. Not grocery money. +$20 of food from the store would have satisfied me more than  $20 of delivery fees from Postmates. + +And that's it. Budgeting can suck at first and can be hard depending on what your situation is. I just wanted to share some points and tips that might help the average guy out. + + + +EDIT: Firstly, thank you for the gold, stranger. + +Secondly, I wasn't expecting this to blow up, but I'm glad I was able to make some points that resonated with people! + +Also wanted to note that I'm an amateur when it comes to saving and budgeting. This post wasn't intended to go into the realm of investing, 401k, etc. Not to say you shouldn't! There's plenty of people that have recommended investing, and that have also given some tips on where to start. + +Thanks, y'all. +Here is how to reproduce the issue: + +1. Visit https://www.angelbroking.com/open-demat-account + +2. Enter the phone number you want to view details for. + +3. If they signed up for the platform, you will get all their details and see the documents they uploaded. They don't do any mobile number OTP verification. + +For proof: I created a dummy profile using 9324116954. Try entering this number in the form. Don't worry it's unused phone number from angel broking support team, so no harm to anyone. + +The example shows the account which is not fully created. While I am yet to test for a fully created account, I think it might also work for them too (although with some extra complicated steps). + +[Screenshot](https://varunagw.com/wp/wp-content/uploads/2020/06/angel-broking-1536x722.png) + +**Edit:** I have already contacted them. Posting it to raise awareness since they obviously don't care. +What is the likelyhood of the European financial crisis bringing down the rest of the world? Can someone give me a potential timeline that would lead to this? Is there limits on the collapse (i.e. How far can we fall)? Just how much is the US invested in Europe? Can the far-east economies survive during a western collapse? What would the world look like with all financial institutions bankrupt? Politically, will the US stay together? To what extent is Europe royally screwed?Any other input is welcome. + +I understand that we have never experienced this before, so it is truly difficult to predict what would happen. I also understand that was a lot of questions. I am an 18 year old high school student, so I don't have the educational background to fully understand global economics. All my economics knowledge has come from self-teaching. I'm just trying to best understand exactly what is at stake here. Thanks in advance, and any input at all will be greatly appreciated. +I sold most of my company two years ago. My net worth is 35 million. + +Since that time I have done nothing with the money. When I first got the money I put the whole lot in a 6 month CD because I figured that it was better to just chill and not make any rash decisions. + +Well, 6 months just kind of flew by and so I put it in a 6 month CD again. And again and again. Yes, I know I should have invested it. + +But the problem is that I just can't fucking get myself to actually do it. I know everyone says to just plow the whole lot into an S&P500 ETF and that dollar cost averaging is bad. Blah blah blah. + +But this is all the money I have and probably all I'll ever have. And everything just seems to overpriced. It keeps feeling like there is going to be a crash soon but it just hasn't come. I would feel like a total fucking idiot if I put it all in and lost a huge percentage. And yeah. It will all come back over the long term. Just hold through the crash. But what if it didn't? It didn't in Japan. + +But then I look at what the S&P500 growth has been since I got the money and I feel totally retarded. I often see posts around on reddit where people say things like "Anyone really rich doesn't have their money in the bank" and feel bad every time. + +So then I start to justify it. Like, this is enough money that I literally could just leave it in CDs and burn through the capital at 600k inflation adjusted per year for the next 60 years. It would be basically zero risk. + +But then my brain starts thinking "But what about climate change". "But what if US dollars have a crash". "But what if there is a war with china". That could make even holding cash a bad idea. + +So then I think I need to really diversify my money. Like, make myself immune to all the shit that could happen. But then I start thinking about how I'll be giving up on growth then. That I'm wasting my oppertunity. But then I'm wasting my oppertunity right now by just hording cash. But then what if there is a crash really soon. And on. And on. And on. + +ARRG. + +This shit just cycles through my brain and I'm completely paralysed. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +**AMCs guilty of doing this** - Axis, DSP, HDFC, ICICI Pru, Nippon, SBI. + + +**Equity hybrid/Balanced/Equity savings funds which are getting affected**: Axis Equity Saver Fund, Axis Dynamic Equity Fund, DSP Equity & Bond Fund , HDFC Balanced Advantage Fund, HDFC Hybrid Equity Fund, HDFC Equity Savings Fund, ICICI Pru Balanced Advantage Fund , ICICI Pru Equity & Debt Fund, SBI Equity Hybrid Fund, Nippon India Equity Hybrid Fund + + +**Imagine being exposed to the volatility of equities and the credit un-worthiness of AA and low A- rated papers.** That is that the fund managers of these amazing funds are putting the investors through. All while charging a hefty TER of >1%!! Jeez. + +All these funds are just snake oil. An average investor really needs only liquid funds + index fund. + +https://themfguy.com/2020/05/19/some-mutual-funds-transferring-credit-risk-to-hybrid-funds/ +Elon Musk Tweeted today that they need a sustainable climate effective cryptocurrency, this project was launched months ago!, now the people at the top are finally starting to see how important something like GREENTREE is + + + +PRESALE for GREENTREE will launch in the coming days, join our telegram for more information! + +Telegram: https://t.me/greentreecoin + + + +Youtube: Greentree Video #1 https://www.youtube.com/watch?v=of0CzZc6QjQ + +Youtube: Greentree Video#2 https://www.youtube.com/watch?v=zYCUQAFSgek + + + + + +GREENTREE - The Worlds First Fully Interactive CLIMATE & ENVIRONMENTAL Coin - Committed Too Bringing Back Forests/Wildlife/Habitats + + + +This is a nice, short sweet and hopefully encouraging reason to invest in the absolute greatest COIN of our generation, and no I'm not saying that lightly, this coin has the potential to be up there with the greats. + + + + + +Website: https://www.greentreecoin.com + + + +The whitepaper is simple - the more people who invest into GREENTREE, the more GREENTREE can use its allocated tokens to PLANT TREES and REVERSE Deforestation & Cryptocurrency Blockchain Energy Use. + + + +We all know how much energy is used in the crypto space, and its not stopping, we cant stop it, but we can do our part and JOIN GREENTREES Cause! + +So, What makes this easily THE BEST investment of 2021? ill start here: + + + + + +(REFORESTATION PROGRESS) - https://www.greentreecoin.com/pages/tree-planting-worldwide + + + +1,000 TREES Planted Over The Last THREE Days - AUSTRALIA / USA / CANADA + +- 840 Trees Planted In Important Locations The FIRE Ravaged 2020 Australian Bushfires Had Destroyed + +- 100 Trees Planted Within CANADA/QUEBEC Where They Are Needed Most (Aid Natural Habitats) + +- 60 Trees Planted In Oregon USA Where They Are Needed Most + +- CERTIFIED by onetreeplanted.org one of the greatest worldwide non-profit 501(c)3 Tree Planting Charities + +- Reforestnow.org.au + + + +They are also currently scheduled to PARTNER with https://onetreeplanted.org in the coming two months, this has been officially confirmed by our community, for more info join the telegram. + + + + + + + +Whitepaper & Tokenomics - https://www.greentreecoin.com/pages/project-whitepaper + +Telegram - https://t.me/greentreecoin + +Twitter - https://twitter.com/greentreecoin + +Reddit - r/greentreecoin +I sold a company I created, and after the press release went out, I was inundated with very gracious offers to take and manage my new found money for fees. At the time, I presumed these wealth managers, after managing hundreds of millions - if not billions - of other people’s money for decades, would have developed advanced strategies and tactics for ensuring success. Surely, they would have teams of analysts scouring the markets for opportunities, technical indicators, news events, macroeconomic data and breakthrough innovations at all times to stay a step ahead of the pack. I was dead wrong. + +What I discovered was an antiquated industry that relied heavily on the belief that they knew better and were on top of things. In fact, there was very little effort that went into managing OPM (other people’s money), and that most of the energy went to finding and onboarding new clients. + +I’m not saying that their strategies were bad or didn’t work. I am only stating that they were neither complicated nor impressive. In short, anyone here could repeat the same strategies and save 1% of their money a year in perpetuity. Without further ado, here’s what I learned: + +**Goldman Sachs** + +It’s important to note that there are various divisions within GS wealth management that handle money differently. I break it down into low net worth, mid-net worth, and high net worth offerings. The low net worth folks are given Marcus, an automated investment system that simply relies on ETFs paired with some basic bond funds. It’s the same as buying Vanguard Target Retirement funds. + +The mid-net worth offering is where I spent the bulk of time understanding. They find 30 stocks to invest in from different sectors with an attempt to represent the sector weighting of the S&P 500. As the SPX is largely tech, they are overweight technology. Basically, they take the SPY and cut it down from 500 companies to 30 companies. + +Why would they offer a less diverse array of stocks? + +They state as the reason that they are better able to manage 30 investments than 500, and since they are not trying to beat the returns of the index - their words - they’d rather find stocks with lower beta (volatility) and thus likely lower returns. + +They locate these stocks by running basic stock screens within the S&P 500 once per quarter to ensure solid performance and find better investments. They target a 6% annual return after accounting for their 1% fee on your money and they offer some financial planning services if you have over a certain amount of money invested with them. This amounts to $10,000 per year for a $1M portfolio for many years - a lot of money to part with. + +Did I mention, you have to liquidate your entire portfolio prior to working with them, unless you happen to already own one of the 30 stocks they pick? So there are tax consequences of getting involved. + +For the HNW folks, the above offering is available and they offer additional products, such as the ability to invest in private equity, REITs and hedge funds. As you might imagine, the more money they manage, the more “free” accounting services they include. + +**Personal Capital** + +This may actually be my favorite, given the simplicity of it. They take the main sector ETFs and eliminate any stocks that are losing money, to recreate their own ETFs by sector. They charge you a fee to use their ETFs. + +They start with an equal amount of capital going to each sector ETF, but allocate more money to the sectors with the worst performance record from the year before. They do this annually. They do nothing all year. + +They charge a fee for managing your money. I recall it being 25 or 35 basis points, but you have to also pay to use their ETFs so it creeps towards the better part of a percentage point very quickly and is much more expensive than simply buying a Vanguard S&P 500 fund or a group of the sector ETFs calling it quits. + +**Ritholtz Wealth Management** + +If you’ve watched CNBC regularly, you’d recognize the commentator Josh Brown - a partner of Ritholtz Wealth Management. He’s the one with the thick New York City accent. When I found out I may have the chance to have his insights managing my money, I was excited as he always seemed so knowledgeable. But the wealth management shop was not impressive. + +In fact, their model was exactly the same as that of Goldman Sachs: they pick about 30 stocks, stick your money in them, rotate them every quarter, and keep volatility low on the stocks they pick. They target 5-6% annually, net of fees. Yes, you heard that correctly, 5-6%. + +The next group of wealth management shops all fell into one of three other categories: SPY collars, ETF aggregators, or tactical investors + +**SPY Collars** + +This strategy involved putting all of your money into the SPY ETF then selling call options on that investment out of the money a few months out at a time. They take the income from the sale of these options and purchase out of the money puts on the SPY for similar expiration dates. This strategy enables them to control your target return while limiting downside. For those who are not used to options, here’s how it works. + +Let’s say the SPY is trading at $400. You own it. You sell someone else the right to buy it from you for $440 for $40 per call. So long as the SPY stays under 440, the other person will not execute the call and you get to keep the money for the call premium. If the SPY goes above 440, you have to either sell your shares at $440 (plus pocket the $40 per call option premium, making this a sale at 480) or buy the call back at a higher price than what you sold it for. You’d lose money on the call, but the SPY shares have gained in value, so you still come out ahead. You are just not as ahead as you would be had you simply bought and held the SPY all the way to $490. This creates a ceiling in terms of the max amount you can obtain on the upside of your investment. + +The option puts work the other way, protecting your investment on the way down. Since you used the premium collected on the sale of the call to buy the puts, you haven’t spent any new money but have bought yourself insurance. If the SPY drops, the value of your put option (a short on your own investment) increases. This increase offsets your losses, protecting you, especially in the case of extreme correction. + +If the SPY rises, you lose the value of your put, so you have to account for that in your net income for the investment. + +If you don’t follow this, don’t worry, the net effect is they use options to prevent a major loss but in doing so, they also prevent you from having any major gains. You are trapped or collared within an acceptable range of returns. Over time, you will not beat the S&P 500 index with this strategy and they say this. + +So there is only value to this strategy if you simply are unwilling to trade a really bad year once in a while for a great year once in a while. It’s mostly about your investment time horizon and whether you need regular access to the money. + +**ETF and Mutual Fund Aggregators** + +About 7 firms I interviewed used this strategy. I heard the same thing so often, I thought maybe they were dumbing it down for me. Essentially, they just bought all sector ETFs or a basket of mutual funds for you. A few of the firms would use the collars I spoke of above if the market got a little choppy, but most did not. + +This strategy was most common with smaller wealth management shops - under $250M AUM - which tried to differentiate themselves as financial planners that happen to look after your money. The bulk of them did very very little to watch the market and most flat out stated they only looked at these quarterly. + +I could not understand what they did all day until one referred to himself as a market psychologist because his job was to calm clients down when the market shits itself. I have vodka for that, so this strategy was not for me. + +**Tactical Firms** + +These firms were harder to find and their DNA was more similar to day traders in terms of their mentality. They invested in a basket of stocks they thought represented a blend of value, growth, and good dividends. They chose them annually but were much more likely to liquidate and go to cash if they thought a correction was coming so they had cash to buy the dip. + +One thing I did learn from them though was tax loss harvesting - a term for specifically taking losses on investments to offset gains on others. + +The best way they did this was by rolling calls on equities that had risen in value. Imagine holding Apple stock and selling a call on it. If Apple goes up, you must then choose to sell the stock or buy the call back at a higher price for a loss. If you do the latter, in year 1 and sell a second option in year 2 at the same price or more than the call you bought back, you can write off the loss in year 1 while avoiding actual losses. + +You can roll calls like this forever, amassing paper losses while you actually gain in the value of the underlying equity. It was a nice trick I’ve used many times now, especially when I want to sell something I’ve held for years with significant gains. + +Their desire to protect the portfolio, I felt, prevented them from participating in the quick rebounds in the market. In 2019, when I spoke to them, they felt a crash was imminent and had gone to 60% cash in their portfolio. I never reached back out to see how they did, but I suspect they were buying the dips in March 2020. + +Their overall returns were around 10% but not as good as simply buying the SPY and holding. But they did seem to be able to minimize the downside of some on major events. + +**In the end, I never hired any of them.** I decided instead to use what I learned and what I knew and manage my own money. In case you read this far and are curious, yes, my returns have beaten all these firms’ average returns and I’ve actually learned a lot in the process. Sharing in case anyone could use the strategies. +I just managed to get an extra large Big Mac meal at McDonald's without having to spend any Fiat!! + +When going to pay at the counter, the cashier asked card or cash? I responded by saying that I can pay with Nano which is fast and feeless, arriving in their wallet in under 1 second. + +She looked a little funny at me and said they only accept Visa or Mastercard. I responded by saying that this isn't dirty centralised fiat money which is being hyperinflated to nothing by "money printers going brrrrr" (I made hand signals to emphasise how fast the printing is). + +At this point she looked really scared but I think that's because she understood the reality how badly the dollar value is being inflated. + +She called her manager to presumably explain this amazing opportunity, whilst I pulled out a map of some Nano faucets we could go to and test out how amazing Nano is. + +The manager said I can take the meal if I promise to leave immediately. I'm assuming it's because he was so excited to close up and start adopting Nano. + +I can't believe it, not only is Nano fast and feeless but it also gets you free things!!! This is real world adoption and I can't wait to get every single McDonald's on the Nano train. + +P.S. Please don't harass front line workers. Remember that most people don't know about cryptos and try not to come of too strong when trying to get adoption. +[Amazon deals yet another huge blow to Blue Apron](https://finance.yahoo.com/news/amazon-deals-yet-another-huge-123700083.html) + +Yet another example of Amazon simply broaching an idea and the market (over?)reacting. + +Blue Apron is also down after receiving a $2.00 PT from the first WS firm to release a target. +Etsy sent the IRS a 1099-K form with my SSN stating over $20K in sales. Back taxes and penalties are over $8,800. I don't have and had never had an Etsy shop. I don't even know how to sell on Etsy or how to make anything anyone would want to buy on Etsy. The letter from the IRS says + +"If the income shown on this notice isn't yours, send us the name address, and taxpayer identification of the person who received the income. To prevent future incorrect reporting to the IRS, notify the payer to adjust their records to show the correct name and taxpayer identification number" + +I've contacted Etsy customer help through chat and email, they have no customer service phone number. So far they don't seem to understand the problem. They want me to tell them my shop account number so they can fix the 1099-K, I've told them multiple times I don't have a shop and never have. After one email they've stopped responding. + +Not sure what my next step is. If Etsy doesn't respond how do I resolve this with the IRS? +Because you guys/girls asked: +Hell yeah I'll be here in 11 hours, THIS is our subreddit! +I'm 100% standing with the mods on this sub and if they ever need something from me, I will gladly help them 👍 +These mods just like the stock and that's what matters to me! + +Much love to every single one of them! ❤ +See ya tomorrow ✌ +My girlfriend is selling an old prom dress for $100, she got a call from what seemed like a nice older woman, who wanted to buy it, but she needed her to hold it for her until this weekend, in exchange she said she would pay an extra $70. The woman said she would have some relatives coming into town to pick up the dress. So far so good. + +Then today my gf got a check from the woman for $1,980, much more than the agreed $170. The dress itself was bought new for $400. I wondered if the woman mistakenly added another zero. So we called the woman and sent her a picture of the check asking if the check was correct. The woman said that it was correct and she wanted to give her a little extra for her trouble. We haven't even given her the dress yet. + +I think the woman still could have made a mistake and still hasn't noticed. Or maybe the check will bounce, but then why did she send the check before she got the dress? + +My gf thinks that woman's "relatives" could come to kidnap her. + +My mom thinks we should cash the check at a check city so that we can get it in cash without any bank information being involved. + +Is this some sort of scam? + +EDIT: We called her back and she said $1,800 is for the movers, aka family members that are picking up the dress. + + +No no, seriously. Thank you for all of their fuckery. Why? Why would this old wrinkly ape be thanking the enemies of the people? Because there is nothing like the enemy laying their cards on the table so you can see their hand. + +So they have willfully provided a means to short $GME infinitely. What a sense of timing right before the Splividend! Wow, no hiding which side they are on now! So much for GG and GG (Gurbir Grewal, don't forget him. We had high hopes for you Gurbir :( ) + +What do you do when the enemy plays out their hand, pulling one last card out of their sleeve to play 4 aces and all of them are diamonds? We all know they cheated, so how do you respond? You withdraw your securities from the DTCC of course and put them on your own exchange where only demand and perceived value determine the price. You walk away from the house's table and set up a game of your own at your house. YOU make the rules, you determine the stakes. And how do the cheaters win on a table where everyone can see the cards all the time? They don't. It's a fair game played by real people and not high-frequency trading algorithms manipulating the pot in their favor. + +So yes, thanks SEC, Citadel, Susquehanna, Melvin Capital (Hahahaha, gotcha!) and anyone else on the wrong side of history on this one. FUCK YOU! We ain't leaving. No cell, no sell. We'll make our own market. Maybe with blackjack but let's leave the hookers alone. I am sure they are tired after working at the SEC all day anyway. +I'll just throw a few small statistics at you first + +China has the highest reserves of rare earth metals, 44 MT twice as the next country Brazil in [2019](https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/rare-earth-reserves-country/#:~:text=%20Top%20Rare%20Earth%20Reserves%20by%20Country%20,but%20its%20reserves%20are%20lower%20at...%20More%20), largest producer of [Cadmium](https://mcgroup.co.uk/researches/cadmium), and the [edit: fourth] most reserves in [Lithium +](https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-reserves-country/#:~:text=1%20Chile.%20Chile%20was%20the%20second-biggest%20producer%20of,of%20reserves.%203%20Argentina.%20...%204%20China.%20) + +>"It is found that the maximum annual copper and silver demand up to 2050 equals 79.6% and 58.5% of China’s annual production in 2019. Similarly, the baseline scenario projects maximum annual demand of Tellurium and Indium corresponding to 598.1% and 161.8% of China’s annual production in 2019" + +https://www.sciencedirect.com/science/article/abs/pii/S0306261920315580 + +We can see they dominate the materials market needed for solar, batteries and even wind (neodymium for the turbine generator). + +They also dominate the manufacturing of solar panels in the world + +https://en.wikipedia.org/wiki/List_of_photovoltaics_companies + +So with all this in mind, what implications could this have in the future growth potentials and volatility? +I think this should go without saying especially in this sub but value investors(stupid term), people who look for asset mis-pricing’s with a large margin of safety that are trying to beat the market should be looking at the stuff people do not want, not can’t get enough of. If people are buying semiconductor companies hand over fist, it’s probably good form to stay away from the bunch. The biggest winners that are selling semiconductors right now? The people that were buying when market participants could care less. This is where we want to be ideally, in the places people don’t want to be. To beat the market, you NEED to deviate from it. Buffets says, “It is better to pay attention to something that is scorned than something that is being championed”. Recently I’ve seen talk of Apple being a “safe haven” stock and China being un-investable. Im sure you’ve seen the same rhetoric on these subs, on CNBC, ect and the prices reflect that. Our job is to unpack these underlying assumptions and try to understand them. If people are treating a company’s stock as a “safe haven”, it’s safe to assume that people are not paying enough attention to the valuation and respective returns that come with it. We know this is a recipe for disaster. We see this in reverse in China. Go look at any financial sub where the topic is Chinese stocks and count how many replies say “wouldn’t touch with a ten foot pole”. Investors are saying there basically is no price low enough to be interested. This is literally the opposite of investing. Safe to assume China is one of the most bargain ripe markets on Earth if not the most. I am not advocating for Chinese investments or against Apple, I’m advocating for looking for these pockets of irrational behaviors. If we want to catch the big fish, we have a better chance at the ponds with little to no anglers standing on the banks and not vice versa. +Hello everyone! + +I created a short list of the books that I find more useful in order to become a better investor. + +I leave you with a quote from Nomad Letters which point out the importance of psychology in the process to perform to become a good investor and most important a better human being. + +“there are three competitive advantages in investing: informational (I know a meaningful fact nobody else does); analytical (I have cut up the public information to arrive at a superior conclusion) and psychological (that is to say, behavioural).” We concluded that the enduring advantages are mainly psychological. +Nicholas Sleep – 2005 Nomad partnership letter + + +https://dscompounding.wordpress.com/2021/09/09/books/ + +I will soon share the last chapter of my course titled +"Cash Flow statement analysis" + +I hope the blog will be useful as it is useful for me to write it. +A throwback to maybe Oct/Nov of last year where Bitcoin was having its height of the run and everything seemed primed for 100k EOY. People were happy and euphoric. The only complaint and the big one was to have bought more. Then we go to end of Nov and the first people started calling for a 80% dip so that they can load up. + +Where are those people now? Well they are probably too scared right now and the majority likely already left the market in January of this year or so. + +It's easy to call for a 80% dip but it's hard to stay for it. The dip won't be sharp down on one day and sharp up the next one. For most altcoins it will be a question of survival. +I sometimes think about all of the funds I could have saved by splitting rent, utilities, was less wasteful with food... 😞 Just reflecting. + +I’m hoping to buy an apartment soon so I can at least put rental income towards the mortgage/build equity. But still, it’s a ton of money when you think about it and calculate it, which I do from time to time :/ + +EDIT: in response to a couple of great thoughts below, I expect that me and my future spouse split all expenses 50/50 (I’m a woman in case that matters) and I expect to work until retirement. So I think it’s reasonable my individual expenses will decrease, plus tax advantages of being married (if I’m not mistaken). + +Also, I agree kids will be an additional by far nontrivial expense but that is a separate question from expenses I’m incurring now (at least there’s the additional benefit of having a family). + +I don’t have an option of living with parents and roommates yes - definitely a great pout. It after multiple less than optimal experiences, coupled with the fear of living with strangers (founded or unfounded) and it’s a choice that I’m making. But I would love to have a roommate that I’m actually married to. +Every industry is suffering from lack of employees. Be it education, health, retail, hospitality. One train of thought was that Australia relies so much on immigration / overseas workers that when covid hit and a lot of people went back overseas, we lost a lot of the workforce. However the rest if the world is facing the same situation. The US, Asia, Europe - every nation is asking - where is everyone? Does anyone on /Ausfinance have any thoughts on this? +**Tl;dr:** There was a 2015 blog post on BCG's website about their transformation plan for PulteGroup, apparently as recently as April 7th. It is no longer there, but [here's the Wayback Machine link.](https://web.archive.org/web/20220407185915/https://www.bcg.com/publications/2015/value-creation-strategy-pultegroup-transforming-business-model) + +Alright so I wanted to learn more about this Pulte guy that's suddenly all over the sub and...look just put on your jammies and grab your tin foil. We're going for a ride. + +I stumbled across [this](https://www.youtube.com/watch?v=UhrqjgGS9rI) video from 2016, wherein Bill is interviewed by Superstonk's favorite financial pundit about whatever boardroom battle Pulte was swept up in at the time. In it, Bill mentions the name of the CEO, Richard Dugas, with whom he had some disagreements. I remembered Bill has been posting vaguely about some bad executive that brought BCG on and wondered if this was our guy. So I plugged "Richard Dugas BCG" into good ol' DuckDuckGo and the 4th result that popped up was a blog post from BCG's website. "PulteGroup: Transforming the Business Model," it read. "Neat," I thought. But when I clicked the link it just redirected me to the BCG homepage. + +So I opened up a new tab, brought up the Wayback Machine and plugged the link from DDG in. Lo' and behold, the page had been archived a few times since 2020, the most recent of which came on Thursday. Thursday also, weirdly enough, being the day RC liked Pulte's tweet. + +"Well maybe they just made some changes to their website. Maybe they just got rid of some old archived blog posts. Or maybe they changed the site map, so the post still exists just somewhere else that hasn't been picked up by the web crawlers yet." But nope, that doesn't appear to be the case. If you search for "PulteGroup" on BCG's website a couple of articles mentioning PulteGroup pop up. [All from 2015, all with the same authors.](https://www.bcg.com/search?q=pultegroup) But not that one. + +So, yeah. Seems like at some point between Superstonk becoming aware of Bill Pulte's existence and, well, now, BCG tried to scrub a Pulte related blog post from their site. [Here's the internet archive link again.](https://web.archive.org/web/20220407185915/https://www.bcg.com/publications/2015/value-creation-strategy-pultegroup-transforming-business-model) There's a lot of talk about "value creation," some nice pictures, a discussion of optimal floor plans. Real exciting stuff. Probably nothing, though. +Our investigation into unusual lending data is ongoing, but here are some preliminary findings thus far. GameStop $GME was not the only affected stock, but is the most prominent stock that exhibited unusual data. + +This week has seen several stocks show similar patterns of extreme increases of booked stock loans that subsequently disappear: $MULN on Monday; $SLB on Tuesday; $NIO and $CRO on Wednesday; $GME, $BKR, and $ISRG on Thursday. + +We share details and findings in an effort to be as transparent as possible, and will not tolerate abusive comments directed at our team. The alternative would be to silently ignore these issues, which would be a disservice to our users and the broader trading/investing community. Trolls will be promptly ignored or blocked, while we are glad to engage in honest, reasonable discussions with investors around questions and concerns that may arise around our data. + +Our platform covers literally millions of data points every single day, and our team cannot manually review them all. When valid issues emerge, we work with our data partners to investigate and implement additional checks and alerts that are designed to flag data that is potentially incorrect. + +All of that being said, we continue to investigate and will share more information as soon as feasible. Like the trading community, we are trying to find the answers and will explain our findings as best we can. +Seriously, what is the point of not having a washer and dryer in every home, other than for laundromats to stay in business? + +I hate that laundry is a chore that I have to do outside of the privacy of my own home. I have to deal with carrying detergent in my car, lugging a big bag of laundry around, strangers seeing my underwear, and spending a crap ton of money just to get my clothes clean. + +One of the shitty things about being poor. + + +I have $50 towards a house deposit at the moment, it's been in there for an ENTIRE WEEK without being touched. This is a huge moment for me! + +ETA +Thanks everyone for the kind comments, and thanks for the award! But mostly, thank you to the person who gave me $5 towards my deposit +Figured maybe the sub also wanted to know what that drop was about. + +So here we go.Don't worry it's not all text, I've included pictures! + +But.. I'm a bit lazy and tired so I just Copy pasted what I said on discord: + +The drop:Yeah.. that was fun eh. almost 150 one moment, 130something the next. + +This was Sponsored by Intermarket Sweep Orders (ISO) (find best (read: \*\*lowest\*\*) price possible): + +>**Intermarket sweep orders** (**ISO**) is a type of [stock market order](https://en.wikipedia.org/wiki/Order_(exchange)) that sweeps several different market centers and scoop up as many [shares](https://en.wikipedia.org/wiki/Shares) as possible from them all.[\[1\]](https://en.wikipedia.org/wiki/Intermarket_sweep_order#cite_note-1) These work against the order-protection rule under [regulation NMS](https://en.wikipedia.org/wiki/Regulation_NMS). + +How do I know this?Well.. the trades came by in the order book with Condition F, which is Intermarket Sweep Order. + +&#x200B; + +https://preview.redd.it/p2vgjl1zflb91.png?width=544&format=png&auto=webp&s=1c475385040b19b85babd849969eba86e25090b5 + +Pages filled with it. + +https://preview.redd.it/2lzy88mlflb91.png?width=809&format=png&auto=webp&s=db6e5acf0c7316f6bee703f6d96abbe226f106c1 + +The big drop a few days ago.. same thing.The Flash crash years ago, with a book about it? Same thing. Intermarket Sweep Orders. + +Now, ISO's are pretty common, don't get me wrong.From what I saw in the order book the cause was multiple ISO's directly after eachother constantly going for lower prices.Since it's all about NBBO changes basically. Enough downwards pressure changes NBBO to lower, and exchanges adjust to that. lower NBBO means lower price.ISO sweeps up shares at best possible (read lowest) price and there she goes. + +&#x200B; + +Now, fancy pictures. + +I Made a signal charts, because why not! + +Picture 1: the Drop. + +https://preview.redd.it/a63t6qikglb91.png?width=1865&format=png&auto=webp&s=fa2583fbf2af98571045409df6601de221c954a8 + +Picture 2: the drop, extended horizontally. All the blue icons are for "400 - keep it sideways". if you look you can see it actually does go sideways! + +https://preview.redd.it/wpl35r0lglb91.png?width=1858&format=png&auto=webp&s=12f4f7160e7237843e22f113766c98b0b88aef8d + +Picture 3: an inflection point! but it wasn't allowed to go up, hence the red dot saying "1000 - don't let it run!" + +And guess what: it went down again, ISO's right?! + +https://preview.redd.it/3bgr2gxlglb91.png?width=826&format=png&auto=webp&s=05f06f94d0ed2fb51930abf606aa9c387e0f2bf2 + +Picture 4: at the end of the drop you can see white icons. These are "900 - Trade and float freely", signaling the drop is done and normal trading can resume. + +https://preview.redd.it/414t4jsmglb91.png?width=1878&format=png&auto=webp&s=c813ccf96c7e8dc86023095f00b9e17c075b9958 + +If you look you can also see red downwards arrows which are "300 - Down." indicating the price must go lower. + +Enjoy the pictures, legend is on the right. + +If you want the whole chart, u/mlebjerg will post his daily!Edit: Daily post is online! [https://www.reddit.com/r/Superstonk/comments/vz6mvs/market\_maker\_signals\_today\_20220714\_chart\_link\_in/](https://www.reddit.com/r/Superstonk/comments/vz6mvs/market_maker_signals_today_20220714_chart_link_in/)Check it out, their chart is Interactive! (unlike my pictures) + +\[Edit\]Seeing a few comments asking about the MM Signals, so here is some more reading:[The Market Maker Signal post](https://www.reddit.com/r/Superstonk/comments/u7iox3/it_is_time_to_talk_about_market_maker_signals_i/) by [u/mlebjerg](https://www.reddit.com/u/mlebjerg/). He did a great job going into details there and I expanded on it with my own data and ways in my own study: [Market Maker Signals Study on GME - Breaking Down Charts and Trades into Milliseconds.](https://www.reddit.com/r/Superstonk/comments/ufmm9o/market_maker_signals_study_on_gme_breaking_down/) + +&#x200B; + +Now, theories here about the why can be anything at this point.Critical margin line, upcoming splividend, them just showing control? + +Honestly, I don't care which one it is. I just look for weird things and this is one of them. + +Personally, I find this a very interesting display of 'MM signals'.Yeah yeah.,, I know the controversy around it, yet here we are. Looks like on that part it's exactly what they are supposed to do. + +&#x200B; + +Anyway, hope you enjoyed this tiny bit of information. + +Moass soon, peace. +My mom and I are trying to start investing in real estate and originally planned to start an LLC and purchase properties through it. However, I'm hearing that when just starting this might not be the best approach. Instead some people have mentioned putting properties intro trusts and getting umbrella liability insurance. + +My Questions: + +1. If you're not starting an LLC, how do you protect your personal assets? +2. We would still like to get a business bank account to keep finance and accounting separate from our personal money. How have you gone about this if you did not start an LLC? + +For reference we're planning to start in Texas. + +Thanks! +Air Canada will move ahead with plans to layoff 15,000 staff due to the coronavirus pandemic. + +The company made the announcement in a memo obtained by CityNews. + +“Other than returning the remaining Canadians home and continuing a skeleton operation, **we will be essentially ‘closed for business’ for most of the quarter,”** said Arielle Meloul-Wechsler, executive vice president, chief human resources and communications officer + +https://toronto.citynews.ca/2020/03/30/air-canada-layoffs-coronavirus/ +So recently the mods announced an increment of karma and account age requirements (along with new amazing technology to combat shills, holy shit, good work) to prevent FUD attacks on the sub. + +https://old.reddit.com/r/Superstonk/comments/nplhx7/game_stop/ + +**It really is necessary** + +This means genuine apes won't be able to post (although you can still post DD with the help of u/SuperstonkBot) and comment on the sub. But the silent majority is still really important for the community. + +You are still important, even if all you do if upvote and downvote stuff. Even if all you do is lurk, apes together strong. 🦍🦍🦍 + +DIAMOND FUCKING HANDS 💎🙌 + +Edit: Please read the mod pinned comment. You can bypass the karma requirements if approved by Satori, and I am really optimistic about this but it can't be perfect from the start, so *some* genuine apes will be restricted. My point is, upvoting good posts and downvoting FUD is still very important for the sub. For the stonk, all that matters is BUY HODL VOTE! See you apes on the moon 🚀 +Hi everyone, + +*First of all this is not financial advice, I'm retarded, this is an individual opinion and is just me sharing some data I found, I am an individual investor.* + +So let's start with the TLDR, + +***TL;DR*** \- Ortex lists historical, daily information on loans. This includes new loans opened per day and loans returned per day. I totaled these numbers and determined that since end of 2017, there have been *71,119,269* more shares loaned than returned. Yes, **71,119,269**. + +***TA;DR*** \- According to data ape can easily see, banana sellers still need to return **71,119,269** bananas. + +# Okay, the explanation and my methodology, which you can do yourself quite easily: + +I'm gonna skip over how I think GME stock movements have always been a result of share lending metrics (new loans, returned loans, CTB) and how derivatives are just a way to cover this up/hedge/suppress it, and go straight to my point. + +I noticed that new loans opened per day is almost always greater than new loans returned per day, except for a few key periods such as the January sneeze. So, I went to Ortex, tracked **new shares LOANED per day** vs. **loaned shares RETURNED per day**, exported to CSV, calculated the difference (new shares - returned shares) and totaled since 2017. The number that came out was **71,119,269.** That is **71,119,269** shares that have been loaned but not returned. + +Does this mean that they have to buy 71,119,269 shares? I'm not sure, maybe these were fulfilled with some other method, maybe it was fuckery, I don't know. + +*Here are some pictures to illustrate what I did, and also a few key observations.* + +# New Loans often exceeds returned loans, except in key periods where the stock goes up, a LOT. + +[Please note that the left axis is displayed as a percentile but the green line actually tracks # shares, same as the black line. I don't know why they do this, but I prove this below:](https://preview.redd.it/mlp3idhd99q81.png?width=1029&format=png&auto=webp&s=869c7a3808d1c5e9cec46b00ba08404154676371) + +[See, it's both just number of shares, Idk why the axis is like that. ](https://preview.redd.it/ev8sg2uh99q81.png?width=322&format=png&auto=webp&s=09d22b666d9128ac0746036c2110aed0443dae92) + +The above graphs show that the majority of the time, new loans exceed returned loans. Even in periods of price increase such as September 2020 - December 2020, new loans exceed returned loans; shorters are shorting into price increases. + +However, rarely, such as the period from Dec 2020 - Jan 2021, returned loans exceed new loans. These result in meteoric price increases. + +# How about right now? Is this big spike caused by returned loans? + +**Short answer; No.** + +[Nov 2021 - Now](https://preview.redd.it/bhuj3zc1a9q81.png?width=1042&format=png&auto=webp&s=ce051f627cc0a9b5c745e5b0bb04b0c674ad4243) + +As you can see, new loans have continuously exceeded returned loans. We have yet to see a period where loans are returned such as January 2021. Indeed, shorts have CONTINUED TO SHORT into this huge price increase. + +# What about those price increases in 2021? The cycles? + +Yes, it played a factor, but not by much. + +I went ahead and calculated the net shares returned - net shares loaned during several important runup dates. The resulting data is listed below. + +**2/24 - 3/10:** *2,016,186* shares were *returned* during this period. Interestingly, on 2/25, 3,021,665 shares were loaned and only 152,499 shares were returned. + +**5/11 - 6/9**: *352,206* were LENT *during* this period. Yes, 352,206 shares were lent during this runup from 137 to 300, meaning it was not a result of returned shares. + +**8/20 - 9/1**: *185,878* shares were *returned* during this august runup. + +**10/25-11/23**: *1,105,735* shares were *returned* during the november runup. + +So, the lending plays a role in these runups, but not always in the direction one would expect and possibly insignificant to the volume that actually occurs during the runups. + +# How many shares were returned during the January sneeze? + +I mentioned before that January 2021 was one period in which shares returned did in fact exceed shares loaned. By how much? + +During the period of January 13 to January 29, *31,491,180* more shares were returned than loaned. Indeed, you can say that January was indeed driven by these loan metrics, at least a good portion of it. + +**To illustrate this, I have made a chart of loans outstanding over time** Higher y axis means more shares loaned, if it goes down, that means they are returning shares). + +[\(Y axis = shares on loan, X axis = date\) Higher y axis means more shares loaned, if it goes down, that means they returned shares\).](https://preview.redd.it/8akqm16be9q81.png?width=1183&format=png&auto=webp&s=b19ab4ecb6c52e63c8a6f120eea059c96dccc6be) + +As you can see, about 20 million more shares have been lent since 11/23. Bear trap? + +&#x200B; + +*Please* draw your own conclusions from this. I am simply sharing data that is available from an open source (free trial at least, via. Ortex). All I will say is that there is 71 million shares lent, 75.9 million shares outstanding, and a float of 62.48 million shares. Do note that outstanding loans began to rise around when DRS really caught on. Interesting. + +Once again, this is not financial advice, I am a retard. + +Also, I will be filing this to the SEC and DOJ, might as well. + +BUY HODL DRS. + +Edit 1: + +Someone recommended I use a non memestock as a control to make sure ortex's data is not flawed overall. I am currently working on this data for AAPL and will post shortly + +Edit 2: Repeating this methodology on AAPL gives a result of 81,421,801. With a float of 16.31 billion shares, that means that 0.49% of the float is currently lent. Reported short interest of AAPL is 0.68% which means that this methodology is actually UNDERESTIMATING outstanding shorts according to AAPL as a control. + +Edit 3: Chart for AAPL: + +https://preview.redd.it/gux76v7kr9q81.png?width=1174&format=png&auto=webp&s=5220db4730691ae61afe0e12c775c20ffad0ec03 + +Edit 4: By request I have uploaded the .csv files from Ortex to an anonymous repository so other people can check this work. + +[https://anonymous.4open.science/r/gmeloandata-243C/Ortex%20Loans%20AAPL.csv](https://anonymous.4open.science/r/gmeloandata-243C/Ortex%20Loans%20AAPL.csv) + +This includes the AAPL control, so see for yourself. + +Edit 5: Heading out now. Cheers to Tuesday morning. Leave feedback in comments + +Edit 6: Update on Monday runup; about 150k new loans opened during the runup. Oops! + +https://preview.redd.it/n0937e3iecq81.png?width=629&format=png&auto=webp&s=3158fe5fa236aaeb0c8b60f16c0f26f67fec7f7a + +Edit 7: A lot of people have requested data for certain tickers to compare to. Here is the STEP BY STEP on how to get this data yourself. + +1) Start an Ortex free trial or get Ortex + +2) Put in the ticker of choice to the top left corner + +3) On the top bar, go to the "Shorts" section + +4) In the menu to the right of the chart, click "Show Advanced" + +5) Deselect everything but Price, On Loan- New, and On Loan-Returned. + +6) In the 3 horizontal bars above the indicator options, click the bars and click "Export CSV". + +7) Subtract New loans from Returned loans to get a "Net loans opened" number (negative means loans were returned, positive means new opened). Drag down all the way to apply to all columns. + +8) Create a column of "Outstanding shares loaned". This column should be box to left + box on top = box. Drag down to get a continuous outstanding shares loaned. + +9) Profit + +10) If you just want to quickly see the outstanding shares loaned, just take a sum of the column created in 7. + +Feel free to post your findings on this and link my post. Cheers. +I (M32) would like to marry my gf (F33) someday soon. + +I have weekly deductions to savings and an active 401k I started 10 years ago. I have student loans and personal bills that get paid every month. I’m financially sound. + +I just found out that my gf, who still lives elsewhere, has no long term savings plans or 401k. She has a full time salaried job. After a brief conversation, she says she’s not concerned about this type of “stuff” right now. + +I honestly don’t know how to tackle this or have future discussions with her. When is the right time to talk about this with her? And how to I tell her that it’s important to start planning now? +A very wise person spruiked NEA last week and it has mooned today. Tonight I pour myself a glass of wine in your honour. Maybe I will send you a carton if this continues. Can we please have more speculative stock discussions and less of this BBOZ/BBUS dumbfuckery? Everybody should know by now that you cant fight the printer and that stonks only go up, FFS. +G'day cunts, this is a quick one. + +On the Monday afternoon last week, I noticed an [announcement GTR had slipped at 6:59 pm on the previous Friday.](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02417754-6A1048940?access_token=83ff96335c2d45a094df02a206a39ff4) To an unnamed entity, they had issued $250k worth of stock at $0.015 per share for the provision of "Issue of shares in lieu of marketing services". By now we all know what this means. + +GTR was first introduced into the Next Investor portfolio in April 2020, but curiously the last targeted pump email was sent on [August 2020](https://www.nextminingboom.com/gtr-primed-maiden-drilling-emerging-wa-gold-hot-spot/). + +You can see the effect this neglect has on the stock price when you [line it up next to the other mining exploration stocks in their portfolio.](https://i.imgur.com/gf7Z90r.jpg) This image was made on Tues 07/09/21, and I've greyed out a stock I suspect to be their next pump. Not spoiling here. + +I managed to snag GTR at $0.030 on Monday close. I thought a pump email would be imminent as the spot price of Uranium had just begun to explode, hence my original T+2 strategy. However, they had other ideas of the appropriate timing. I had to let Tom take care of my rent money and punished myself with one week in /r/asx_banned purgatory. Warning, don't go there during work. + + +As of 2:57pm AEST 16/09/21, the stock price was $0.036, a cute +20% return thanks to the effect of the spot price. However, at 2:58pm AEST 16/09/21, the next investor email was sent. To be honest, I haven't even fucking read the thing, but I am predicting their renewed email campaign to create roughly $50m in value in the company, pushing its MC from $25m to ~$75m, which will place it in the middle of the pack of their other explorers that are yet to produce a single cent of profit for investors. + +We should also note that the price spiked ~8% to $0.039 within 5 minutes of the email being sent, these are the algo traders snatching it up. It continued to rally further to a $0.047 close, marking a 30% jump since the email was sent, and a ~55% return from the price which I purchased at. This is what I call the unaware investor effect. Because it has been so long since GTR was pumped by Next Investors, the initial algo pump creates FOMO in the mind of the average retarded retail trader. + +My main thesis is that Next Investor explorer stocks trade at a premium to the market. When they are actively campaigning, the price is driven unreasonably high. Just ask any EXR holder who fell for the $0.35 cap raise. Despite +14.29% today, they're still in the red. + +I think GTR still has some legs to it, when you combine the effect of the Uranium spot market going berserk with the additional two emails I expect Next Investors will issue within the next four weeks as per their modus operandi. When I see the market cap top $50m, I will begin selling, probably top slicing into a free carry as Next Investors recommend you should do with the following words printed on their website in 2013. ["Do you want to get into a stock before the price spikes, sell out at a profit, and let other people desperately hang onto the falling stock for a change?" .](https://imgur.com/cXzqxGO) As of today's close, their MC is $37m. + +By no means is GTR a bad company or anything, but they are an explorer. From my account, they have reasonable prospects at hitting a jackpot in their upcoming explorations, I just think they will be overvalued relative to their likelihood of succeeding thanks to the Next Pumpers. I think there's enough money to be made already in Junior Producers who already have a viable path to successful productions, this is just a little sidebet. + +Keep a cool head out there, markets gone wild right now, and I'm still calling a crash 🌈🐻 +Fatties only please: Even thought you’ve still built a Fat NW, what good-sized mistakes have you made along the way AND how much higher do you think your NW would be if that mistake(s) hadn’t happened? + +Goal: Hopefully these comments help Fat-strivers realize that mistakes can be made but fatFIRE is still very doable. + +Edit: Maybe a few less "should've bought bitcoin" and "shouldn't have sold bitcoin" please. Neither of those are teachable moments for aspiring others (and you selling bitcoin at multiples of your purchase price was probably a wise decision anyway, as it would've been with most stocks). +You guys all remember the Ken Griffon video where he talks about surviving one more day, right? + +Last night, RC basically told us "MOASS in coming this summer whether you like it or not" with the share dividend announcement. + +If you're a SHF, you have two options. + +1) Lose infinity money today by closing your position + +2) Lose infinity money in July when you're forced to close your position. + +If your goal was to survive one more day, would you give up today, or would you do a bunch of shady shit to get the price below max pain so that you don't have to cover now? + +Just remember that they want you to be frustrated and make decisions based on emotions, not on logic. +Vitalik highlights the importance of decentralisation when considering scaling proposals. + +https://ethresear.ch/t/scalability-with-block-creation-by-a-random-masternode/884 + +"EOS’s scalability is NOT because of DPOS or anything similar; its claimed scalability comes entirely from the fact that it requires each node to have a much higher computational capacity, making it impossible for anyone but large businesses to run full nodes. We could do that too, but won’t because it’s contrary to the goals of decentralization. + +Asterisk: it’s actually a totally reasonable strategy… inside of a Plasma chain. Hence why there’s https://github.com/ethereum/plasma22, https://github.com/ethereum-plasma23 and several other projects. " + + +GME will run decentralized apps through their website browser and iOS app. There will be many more to come, but by far the most important (in the short term) is 0x ZRX using ERC-741 Protocol (ERC-721 and ERC-20) + +Link from [https://wallet.gamestop.com](https://wallet.gamestop.com) scroll down to see Image below showing the circle of partners as confirmation of partnerships. But what does 0x do exactly? + +[GME, ETH, LRC, IMX, 0x ZRX, UNI](https://preview.redd.it/u9ttowlmcrx81.png?width=3900&format=png&auto=webp&s=910133b4e29c4c4d9e9eb101a33ef62f58e2c944) + +&#x200B; + +[GME and 5 Horseman of the Stockpocalypse ](https://preview.redd.it/25aa8mbb7sx81.png?width=3648&format=png&auto=webp&s=d2c83c9e23b4b128d1201b2a6f42ce2149047574) + +&#x200B; + +[https:\/\/www.0x.org\/-0xDAO. https:\/\/www.0x.org](https://preview.redd.it/airetoci7sx81.png?width=874&format=png&auto=webp&s=bb3cfd33c1005e8a8a44d3ba9b1058b5adb04044) + +ZRX Token (likely dividend awarded to shareholders) = Voting share. Will house future shareholder voting and counting. (DAO’s, Governance, Voting platform for shareholders) + +[https://0xdao.gitbook.io/0x-dao/](https://0xdao.gitbook.io/0x-dao/) + +0x is Decentralized finance company that has its functions performed for the companies it works with on the blockchain using ZRX. It works directly with Crypto Brokers like Binance, Coinbase, and now LRC/GME. + +# 🔥💨With 0x, users can create markets for representing any form of value – these could include markets for tokens representing physical real estate, to tokens representing shares of stocks and bonds, to tokens representing other crypto assets. 0x is important infrastructure for the emerging crypto economy and enables markets to be created that couldn't have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past. 💨🔥 + +Using the 0x protocol, users can both tokenize assets and buy and sell tokens running on the Ethereum blockchain. + +# 0x will allow anyone to Automatically create orders that can be passed directly through your smart contracts (LRC) to be settled on-chain. (ETH) in GME Wallet. + +Two types of users are needed to operate any 0x market: + +&#x200B; + +* **Makers** – Those providing liquidity to the order book. Makers place orders on the exchange that do not trade immediately; rather, they wait for it to be matched. +* **Takers** – Those who take liquidity from the order book. Takers place orders that are instantly matched with existing orders. + +# Folks. The definition of “Stock Market” + +*Stock markets are venues where buyers and sellers meet to exchange equity shares of public corporations.* + +*Stock markets are vital components of a free-market economy because they enable democratized access to trading and exchange of capital for investors of all kinds.* + +*They perform several functions in markets, including efficient price discovery and efficient dealing.* + +## Why does ZRX have value? + +The ZRX cryptocurrency derives value from the role it plays in operating markets on the 0x protocol, rewarding relayers for hosting order books and facilitating trades.  + +In addition, ZRX is also used as a way to allow users to govern the software and set its rules.  + +For example, users can stake ZRX to gain the ability to vote on network upgrades and policies, with each vote being proportional to the amount of tokens they stake.  + +Users can also delegate their tokens to other validators, allocating votes to them while still earning a portion of the block reward.  **(proxy in market terms)** + +Lastly, there is a finite supply of ZRX that can facilitate 0x markets.  + +As of 2020, only 1 billion ZRX tokens are scheduled to be created. This provides a certain scarcity to ZRX tokens, which could help their value increase over time. + +&#x200B; + +0x works with (LRC) and not against many exchanges. LRC will take care of trading and 0x will take care of the back end of the securities servicing. + +For example: Voting on board, share/token holder activism, Voting on vision, receive dividends, provides proxy, distributes filings, and it offers rewards for using that will likely be implemented into the dividends. + +&#x200B; + +[Wonder who those Users will be?](https://preview.redd.it/9zjex6iq8sx81.png?width=1186&format=png&auto=webp&s=79f1e72d94398fdb31c4d4917ab06b34e12a7e20) + +# 0x could allow GME to become the next source of decentralized funding for new companies looking to bypass venture capitalist and the wall of the elite. Think Shark Tank, but with the entire world through decentralized investors each contributing different amounts and having the same voting rep rights as shareholders. + +&#x200B; + +*0x is the global backbone for decentralized exchanges (DEXs), making it easier for teams to create or operate a DEX.* + +*Building DEXs Made Fast 0x is open-source, if you want to start a DEX, you can simply use 0x's API and quickly tap into multi-chain liquidity. Making it that much easier to incorporate exchange functionality into apps designed on L2.* + +*Because so many businesses rely on 0x for their success, the 0x team needed a developer platform that could trust 24 hours a day to: - Scale infinitely - Maintain complete - data accuracy - Provide 100% reliability* + +*"Want to help build a tokenized world where all value can flow freely?* *📷" sounds a whole lot like:* + +\-Power to the Collectors + +and + +\-Be your Own Bank + +&#x200B; + +[https:\/\/twitter.com\/loopringorg\/status\/1490529748593823744?s=20&t=1QYejnV83EthKN2KKqdQCQ](https://preview.redd.it/zc4me52zasx81.png?width=1176&format=png&auto=webp&s=925952ee61850506aa5b201c0609bbc266f37303) + +&#x200B; + +[https:\/\/twitter.com\/macro\_diary\/status\/1517070821889609731?s=20&t=1QYejnV83EthKN2KKqdQCQ](https://preview.redd.it/91i8a1ycasx81.png?width=1162&format=png&auto=webp&s=eec1edd03de4bfd87c2343565b722d17d62f3a63) + +&#x200B; + +[https:\/\/twitter.com\/macro\_diary\/status\/1521523987607703552?s=20&t=1QYejnV83EthKN2KKqdQCQ](https://preview.redd.it/t7c73ze7asx81.png?width=1174&format=png&auto=webp&s=bf952f3db9d62cef838068c3785031138e2e8c26) + +[https:\/\/twitter.com\/macro\_diary\/status\/1459276514474840069?s=20&t=1QYejnV83EthKN2KKqdQCQ](https://preview.redd.it/mqaghhn2asx81.png?width=1172&format=png&auto=webp&s=a695c70eb89d2911610b61d2460f634590c23e0b) + +&#x200B; + +[https:\/\/twitter.com\/AlchemyPlatform\/status\/1518973685209649153?s=20&t=1QYejnV83EthKN2KKqdQCQ ](https://preview.redd.it/ov7cv5r79sx81.jpg?width=1418&format=pjpg&auto=webp&s=39473c6c901d73491dbe191cda0f5832c112cf17) + +&#x200B; + +&#x200B; + +[https://support.blockchain.gamestop.com/hc/en-us/articles/4411152558355-What-are-ERC-20-ERC-721-and-ERC-1155-tokens- ](https://preview.redd.it/zoyjfgljerx81.png?width=1198&format=png&auto=webp&s=e9260cf39190d32f139e7880df6f81197778b4ca) + +https://preview.redd.it/wt3y1g8q7sx81.png?width=1198&format=png&auto=webp&s=1a71e1077afeff82b861b390f3269bc74b222a83 + +[https://support.blockchain.gamestop.com/hc/en-us/categories/4408905918099-Crypto-NFT-Basics ](https://preview.redd.it/2dpjyp6rdrx81.png?width=2004&format=png&auto=webp&s=e4b1c475ace8fc447b522134e76e20da3cbece79) + +&#x200B; + +[Kagny Support on GME page](https://preview.redd.it/texor1vr7sx81.png?width=2004&format=png&auto=webp&s=11a081416475e2a5faf22a01e499b8ca031d2aa4) + +&#x200B; + +Final Edit: 4 Facts to Consider before Replies. + +&#x200B; + +1. 0x's business model described above is not a theory. +2. Their partnership with GME is not a theory. +3. The only theory is my *opinion* of the implementation of the two technologies, now that the partnership has been officially announced. LRC and others will have an equal impact on GameStop's NFT future. +4. I do not hold a single bit of 0x or ZRX. + +&#x200B; + +# What Cohen wants, Cohen gets. Master of supply chains in real and digital world. + +&#x200B; + +Angry that an NDA is allowing the value of your token to tank because you can't assuage holders? Too fucking bad. + +***Gotta grow corn to make whiskey.*** + +&#x200B; + +&#x200B; + +# TL;DR + +&#x200B; + +Courtesy of: + +u/[abatwithitsmouthopen](https://www.reddit.com/user/abatwithitsmouthopen/) + +# "GME: I’m the market now" + +&#x200B; + +$GME STO (Standardized token offering) on blockchain using #0x $LRC $UNI $IMX #ETH + +Gamestop and the Five Horseman of the Stockpocalypse + +Just because a Billion shares will be authorized in June doesn't mean they will put a Billion for sale. They have to authorize what the numbers tell them for the dividend. + +Outstanding Shares / Split (Dividend) + Shares Short needing to be bought and returned= What will be issued from the 1 Billion. Why the potential large amount left over? + +SEC may not allow a split without confirmed numbers and because they cooperated together in an investigation (confirmed Dec 2021) they both know that's impossible without forcing a return. Hence 1 Billion shares authorized to deal with the theory of a .7 Billion Short interest count. + +Ryan knows 2/3 parts of the equation, but that doesn't mean they add to a billion (later on) nor that they will stay that way after all outstanding shares existing are returned by recalling. This would trigger all shares including the illegal ones to be returned and reissued through dividend process (on Blockchain) with an SEC certified vote count. + +We are about to see the ushering in of a new age of financial protection for individual investors. I believe this is where Gamestop comes in. Someone has to pilot this new system and launch the very first American Security Token Offering (STO) as a replacement for the DTC defaulting on their fiduciary responsibilities. These shares/tokens will trade on decentralized lit exchanges as well as traditional exchanges (NYSE) while still being tied to the blockchain. Every owner tracked. Every share accounted for. In perpetuity. + +&#x200B; + +[https:\/\/www.sec.gov\/litigation\/investreport\/34-81207.pdf](https://preview.redd.it/nlzfvui2dsx81.png?width=1602&format=png&auto=webp&s=3bf4a90b2b018832d482991aba8c3840b8855109) + +[Credit to 3for100Specials](https://preview.redd.it/rps3eh6ghzd81.png?width=1602&format=png&auto=webp&s=00e034ead41aa35012e505c98ef699592112c30c) for breakdown of SEC filing +So for a bit of background, i live in norway, and have 2 years left of study. I currently have about 30k$, that i'm looking to invest long term. That is, put them in a fund, or combination of funds, and not touch them again for 20+ years. I might however start adding more monthly whenever i get a job. + +&#x200B; + +So I obviously have no experience or knowledge on this, but from what i've seen passive index funds are what's looking best for me. Is it okay to put it all in the MSCI AWCI index? My bank reccommended an active fund with heavy investments in norway, which i didn't really like the look of, and I want to do it as simple as possible. Thoughts? +I've never used a chargeback but seeing how Ryanair treat their customers makes me want to go to any airline other than them even if it costs me double to fly. + +https://www.theguardian.com/business/2021/oct/12/ryanair-bans-covid-refund-passengers-from-boarding-new-flights +Everyone talks about the learning curve and paying tuition to the market. If you are consistently profitable now, what changed - what got you over that hump? + +Was it just screen time? A strategy? A setup? A mindset shift? Etc. +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). + +## Solanyx finally listed on CMC and CoinGecko TODAY! + + +NFTs, GAMING, STAKING, CASINO, MARKETPLACE RUN BY A GIRL DEV + + +Solanyx Token will be used inside the Solanyx ecosystem. It will be used in upcoming games and casino platform. + + +Virtual Reality Game + + +Solanyx is developing the Generation VR game. NFT used as your personal avatar in the game and will be necessary to start the game. By playing this game, in addition to the fun it provides, you will also be able to earn Solanyx tokens by solving various missions. + +By owning one (or more) Solanyx NFT, you will not only become the proud owner, but you will also gain many other benefits. +Solanyx will have multiple applications, and each of them will provide you with passive income. Zombie Ape 3D NFT collection will be airdroped to all Solanyx holders. + +Solanyx Casino + +The Solanyx Casino platform is will be available after the collection is minted. + + +Solanyx token will be launched to be used to play all games at the casino, such as: multiplayer poker, slots, betting, etc. In addition to being a place to have fun, and hang out with friends, all Solanyx owners will receive 25% of the tokens from the casino profits on a weekly basis. Another 25% of casino profit will go to the charity wallet. + + + +Website: [https://solanyx.com/](https://solanyx.com/) + +Twitter: [https://twitter.com/solanyxnft](https://twitter.com/solanyxnft) + +Tg: [https://t.me/solanyxofficial](https://t.me/solanyxofficial) DO NOT JOIN TO SPAM AND OFFER PROMO AND MARKETING! ! ! + + +Coingecko: [https://www.coingecko.com/en/coins/solanyx](https://www.coingecko.com/en/coins/solanyx) + + +CoinMarketCap: [https://coinmarketcap.com/currencies/solanyx/](https://coinmarketcap.com/currencies/solanyx/) +Few days ago I read the article on his proposal for rent price increase limitations. Now this... + +[Link](https://theweek.com/speedreads/865930/bernie-sanders-proposes-25-percent-house-flipping-tax-new-housing-plan) + +What do you think will happen if this would gets pushed through? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm 16 years old and I'm about to finally get my tax return, problem is my father doesent want to give it to me. I'm wondering since I signed the check, does he have any right to the money? +Let me know if this isn’t the right sub and I’ll move the post. + +I read that only about 2 million people in the UK have a stocks and shares ISA. I found that to be extremely low. + +I imagine that a big chunk of people will have money in the stock market through their workplace pensions but that decision is automatically made for them by their employer unless they opt out. + +So when there is the ability to personally opt in to investing by contributing to a S&S ISA why do so few do it? + +How did you get into investing? +My mother has been in charge of my finances since I was 16 years old. I recently discovered how much student debt has accrued in my name. + +Back story: my mom went on disability when I was 15 for PTSD. She continuously told me we could not afford rent or bills with her social security check. I felt guilty and got a full time job when I turned 16. At this point, I was giving her my entire checks to help out. Eventually she over drafted this account and opened up a new one in my name. This was eventually over drafted, too. + +I began going to college in 2011. I noticed I was receiving large rebate checks from the university, but was under the impression the bulk of it came from grants and scholarships. I was still working full time and allowing my mother to be in charge of the finances. She told me since I was working so hard I didn’t need to stress over getting the bills paid and that she was taking care of it. Between these rebate checks, she would complain about not having enough money. + +I noticed she was taking out credit cards in my name. We had argued over it, and eventually she told me they were all paid off. A couple of years ago, my checks began being garnished for a debt that she said she didn’t know about. At this point, I should have looked further into everything but continued to trust her. She said it was the only credit card. + +She has stopped receiving help for her PTSD long ago. There was an issue with her doctor who was giving her terrible advice and drugs that didn’t seem to mix well. This doctor no longer has their license and my mother has never made an effort to seek new help or get back into a career. She blames it on trust issues. + +While only bringing in her social security check, she was making extravagant purchases, like a SUV off the lot for 50k. In retrospect, she must have been using money from my federal student loans. She would have never been able to afford this. + +We have been arguing non stop the last year over unrelated things. In May, I decided to really dig into my own finances. I discovered my student debt is currently at 75k, that I have 3.5k in credit card debt, and 4K in credit card debt that’s in collections. I told her she owes me back a minimum of 50k for the SUV she bought, since I don’t even have a license and never drive the vehicle. I explained that I would pursue legal action if I had to. + +I made the decision to move out by the end of this month. It seems like the only way to fully cut ties and begin to figure out how to handle this situation. I finish my masters degree next fall, in which I will have to start paying back my student loans after 6 months. For the time being, I am staying in my graduate office to save up for a little bit while working two service jobs. + +She has tried to convince me to stay for the remainder of her lease (I am not on it) and to co-sign for a cheaper car. The engine blew on the previously mentioned SUV and I have been paying for her current car that I was guilted into co-signing for. I have told her no to both staying with her and co-signing. Last week she was hired at a company that I think she could do well in, but she is claiming she is going to get evicted and the car repossessed if I do not stay. She said that there is no way to pay me back if that is the case. + +This is a very layered, complicated situation. I know I should have looked into things much earlier. It was stupid to let someone else control my finances. Prior to looking into my debt myself, I estimated being 20k in and was willing to pay that. I was way off. + +Does anyone have advice? Should I try to pursue legal action if she does not begin to help paying me back? Due to other situations that have not been mentioned here, I am not worried about saving our relationship. + +Edit: To be clear, the credit cards were taken out without my approval. +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! + +Shares of Games Workshop, famous for tabletop gaming, fell 7.7% on 29th October (from **10,450** to **9,645).** + +[https://todayuknews.com/banking/market-report-games-workshop-shares-drop-sharply/](https://todayuknews.com/banking/market-report-games-workshop-shares-drop-sharply/) + +The cause seems to be a report from Jefferies: + +Quote + +‘The catalyst for this seems to have been a much more aggressive approach to protecting IP, particularly around the creation of fan sites and animation. This change has led to popular fan content creators ceasing their involvement (under pressure from Games Workshop), a lot of negative community feedback, a raft of downvotes to Warhammer video content, and, with other factors also rolled in (price increases, employee pay), calls to boycott the business.’  + +The impetus for the crackdown appeared to be Warhammer+, Games Workshop’s subscription service that provides access to exclusive Warhammer TV shows as well as figurines and apps unavailable elsewhere.  + +Jefferies said while the current noise seemed to be from a ‘vocal minority’, they trimmed their target price for the group to 12,250p from 13,200p, saying they would be ‘keeping a close eye’ on the situation. + +End Quote + +While there is no denying that some fans are unhappy, as can be seen from Reddit and Youtube, there are fans who can see why GAW needs to crackdown to protect its IP. + +Also notable is that the creators who have been producing content were asked to come onto Warhammer+ to create official IP. It is not as if GAW declared war and initiated lawsuits against the creators. This is a gentler approach, compared to the old GAW when lawsuits were their preferred means to protect their IP. + +1) Based on the "stickiness" of fans of the IP, this does not look like a permanent impairment to the business. + +2) The arguments against this is that Warhammer+ has sparse content, compared to established streaming services such as Netflix. This is something that can be salvaged, but it does suggest that GAW has a long ways to go to create enough content for the platform. + +I would argue that Warhammer+ is a necessity to diversify revenue streams. The revenue from selling tabletop models dwarf the revenue from IP (such as royalties etc). GAW has every incentive to make this work. + +Would love to hear critiques on the company and the above points, thank you. +This will get downvoted because most people in this sub seem to be younger, in the accumulation phase, and love dividend growth, but heed this advice: you should consider T. + +I’ve been a dividend investor for 14 years — started when I was 23 — and you just don’t find too many solid companies like this with this type of dividend yield and reasonable payout ratio. I received about $250 of dividends my first year and now I’m up to over $1,000 a month in my Roth IRA and traditional IRA. + +So, I’m not saying it should be a huge part of your portfolio necessarily but I’ve been buying blue chip stocks like T for some time now and this is a great time to jump in at these valuations. These are the kinds of stocks that can help you build generational wealth. + +Disclaimer: I own T and have a cost basis of around $28 a share. + +Edit: I own a large basket of dividend paying stocks. T is one of my largest holdings and I have held it for more than a decade but had bought the majority of shares in 2020 as the price continues to drop below $30. +I'm just lost for words and want to fucking cry . I posted here about 7 months ago venting about how hard it is to live on your own with no family. I can't seem to get out of this rat race. I'm moving in about 2 months to Florida with my girlfriend and her family which will help me save money ( hoping my boss lets me work remotely) but for now I'm behind on everything. Health Insurance , Car Insurance , phone bill , and a plethora of other shit. + +&#x200B; + +I just don't understand how anyone does this. +I will go first. Trusting my contractor when he said his guys could do the more complicated tile work in the primary bathroom, instead of subbing to a tile specialist. Let me learn from your experiences so I don't do more of that kind of dumb stuff in the future. +The news this morning is full of inflation worries and a few people have said the issues in the energy sector are a canary for things to come. + +What's the "smart" thing to do to protect savings during this time? +SafePalestine is our charity token; we aim to do more than simply raise awareness for the plight of the Palestinian people, we will use our platform to generate vital donations to registered charities, operating in the heart of Palestine. + +We understand that SafePalestine is being launched amidst a backdrop of scam coins. That’s why we encourage buyers to use safe purchasing practices when buying any new coin, ours is no exception. After the release, the dev will lock liquidity and renounce ownership. Once the dev has provided proof via the telegram group and twitter, then you can purchase with confidence. Stay Safe. + +🔎 THE DEV IS DOXXED 🔎 + +The Dev is doxxed and has posted a video for all to see, pinned on our telegram channel and our twitter page + +[https://twitter.com/safepalestine1/status/1395097042586935296](https://twitter.com/safepalestine1/status/1395097042586935296) + +✈️$1000 Airdrop + +Complete these 4 easy steps to enter for $1000 of $SPN. Follow the link, and follow the instructions. + +[https://forms.gle/eqxwPVGajkzbHjXAA](https://forms.gle/eqxwPVGajkzbHjXAA) + +🆘 5% to Charity + +5% of every transaction will be sent directly to the charity wallet. This will then be used for donations to the charities chosen by our telegram community; Paliroots and Muslim Hands. Transparency is key with SafePalestine, donations will be shared with our telegram page for all of our members to view. + +🌐 Website and Roadmap + +Launched today, find the link below. + +🔒 Redistribution and liquidity + +2% Redistribution - Holders will receive tokens through a static reflection; every transaction will be taxed 3% and distributed to holders. + +3% Auto Liquidity - Every transaction automatically contributes to the locked liquidity pool. + +80% liquidity will be locked - The rest will be allocated for Airdrops and marketing. + +🦎 Exchange listings + +Coinmarketcap, Coingecko and Coinhunt listings will follow. + +📸 Marketing + +A Marketing strategy is in place, with posts from major Tiktok influencers on the way and many large Instagram pages are ready to share our project. + +🤝CRYPTO FOR THE PEOPLE!🤝 + +Telegram: [https://t.me/SafePalestine](https://t.me/SafePalestine) + +Twitter: [twitter.com/safepalestine1](https://twitter.com/safepalestine1) + +Website: [safepalestinecharity.com/](https://safepalestinecharity.com/) + +This is not financial advice,please do your own research. +I recall seeing a post where I saw what congress members were investing in. I remember that the redditor said, “I think this is illegal.” Anyone know the site or the post? +As the market is declining I'm looking for new investment opportunities. + +Let's help each other by, sharing what value stocks are on our watchlists :) + +I'll start: BABA, GOOGL, INTC, META, HPQ +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’ve worked my ass off to be able to afford a mobile home. I’ll still pay lot rent but that’s 25% of what renting an apartment would be. But damn everyone is so snooty. I tried to post about it on r/ real estate and got ripped to shreds because it “isn’t even real estate”. Obviously if I could afford some nice single family home I would, but not everyone has that luxury. These people don’t understand how expensive it is to be poor. +MEMESTOKEN $MEMES + +&#x200B; + +AUDITED and DEV DOXXED (public) ! + +&#x200B; + +We are building a fully Decentralized Marketplace ,social platform/network that allows meme creators to get revenue for their work. Seeing the rise of the blockchain NFTs and the lack of specialized platform for memes, we thought about making this community-centric meme hub, in a totally decentralized fashion. + +&#x200B; + +Our aim is to integrate all of the meme ecosystem into a unified blockchain protocol, which will make sharing and interacting with the platform as transparent and easy as possible. The final objective is to have the platform 100% decentralized and to reward the content creators automatically . + +&#x200B; + +App & marketplace launching in May, official demo is out ! + +$MEMES token has lots of potential to become something very big! + +&#x200B; + +IMPORTANT INFORMATION: + +&#x200B; + +Website: [https://memestoken.com/](https://memestoken.com/) + +&#x200B; + +Pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x40b165fd5ddc75ad0bddc9add0adabff5431a975](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x40b165fd5ddc75ad0bddc9add0adabff5431a975) + +&#x200B; + +Chart: [https://charts.bogged.finance/?token=0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975](https://charts.bogged.finance/?token=0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975) + +&#x200B; + +Contract: 0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975 + +&#x200B; + +Reddit: [https://www.reddit.com/r/MemestokenOfficial/](https://www.reddit.com/r/MemestokenOfficial/) + +&#x200B; + +Discord: [https://discord.gg/rQQWY3auAG](https://discord.gg/rQQWY3auAG) + +Telegram group: [https://t.me/MemesTokenOfficial](https://t.me/MemesTokenOfficial) + +&#x200B; + +Coingecko: Application done! + +&#x200B; + +Do Your Own Research, im not affiliated with memestoken team, i just copied this text :) +I work for a bank and part of their company policy is that you can only trade through their broker and have to disclose any accounts and shares you have. You also have to get "clearance" if you want to execute a trade. + +I don't have many shares and want to sell, but now they are requesting I tell them the shares I have (they don't know if I have any yet) and to transfer the shares to their broker if I want to sell. + +My question is can I just sell without them knowing. I know they have requesed account closure statements from other employees.l before too. Could they find out if I traded or not? The only information they have is which broker my account is with and the account number. +An MP has been in the news today saying the following: + +The Labour MP told The Telegraph: "30 years ago, things were built to last, I had a dishwasher I gave to my sister that was 30 years old. Why is it that dishwashers that are built today break after 10 years? They are designed to break down because this creates profit for the companies." + + +My priors tell me that there is a trade-off between price and durability and consumers are choosing to go for cheaper options that aren't as durable aware of this trade-off. Is there any evidence that planned obsolescence is a strategy commonplace among firms. I would have thought that if a producer is known for being unreliable then people would switch to a producer that offers a more durable product but perhaps at a slightly higher price. +I'm pursing a B.A. in Economics and was just wondering what jobs do graduates of either a B.S. or B.A. ECON program have currently... Also, if you don't mind mentioning what was your starting salary compared to what you have now? + +Thanks! + +&#x200B; + +EDIT:SORRY FOR THE CAMERA EMOJI +Hi, + +I have a small rice mill in Kadaba, Karnataka (around 1500kg annually). We get paddy from farmers, mill it and give it back to them. A small portion of our operation involves buying paddy from the farmers and selling it to wholesale distributors in Mangalore (around Rs.45/kg). But the profit margin is very low. All of our farmers use organic means to cultivate the rice but they don't have "India Organic" certification because they cant afford the fees. + +I want to explore getting "India Organic" certification for the rice that we buy from the farmers so we can sell it for more margin. Is it possible to get that certificate if you are the mill owner and not the farmer? +In the first half of 2010s I invested mostly in HDFC hybrid funds for my equity portfolio. I thought I would invest in 40% in hybrid funds, 30% in flexi cap/large cap and 30% in midcap. Due to this I accumulated lot of HDFC hybrid equity fund units. For some time I was thinking of exiting this investment and move the money to PPFCF and Motilal nifty midcap 150 But was differing due to tax. + +Finally decided to exit this fund last week. I redeemed about 65% of my HDFC hybrid fund units. I will redeem remaining in next financial year as redeeming them this year will move me to next surcharge level for Income tax. So redeemed amount is around 73L with LTCG of around 25L after considering grandfathering provisions so around 2.8L+ tax. + + +**1. Redeploying the redeemed proceeds** At first I thought of just switching to HDFC nifty 50 fund but decided against it as I wanted to move the money to a midcap and flexicap fund. I use Citi Bank as primary account and they have 15L cap for online money transfers in a day but that means it would take 5 days to redeploy all the money and doing a transaction every day. Other banks seems to have even lesser limit for online transactions. Then found out that HDFC bank while keeps the default limit at 10L, has the option to increase the limit to 50L. That means I can redeploy in 2 days. I increased the limit. Hopefully it goes without issues when I will receive the funds next week. + +**2. Market movements** One of the thoughts in this scenario is always what if the market runs up in those 3,4 days. For a long term investment these 2,3 days should not matter actually but the thought is always there. + +**3. Tax** I will be paying around 4% of the redeemed amount as tax. One of the advantages of mutual funds is it allows for tax deference. Tax deference is useful as it helps generating more money on the money otherwise would have gone to the tax. I did some calculations and if the new funds outperform HDFC hybrid equity by 0.5%, it would cover for this. +I reread the terms of conditions of my employment and realize that my employers 401k match doesnt vest for 3 years… + +Does that mean if terminated or we part ways, the 401k match will be pulled out of my retirement account? If so, what happens to all the reinvested dividends and gains which occurred from me investing it? + +Also wondering if this is the standard… + +Thanks +I'm a physician in a high earning specialty and ever since discovering this sub I've had more profits than I have ever had before. I am selling CSPs on stocks I wouldn't mind owning with roughly $100k of cash. + +My corporate account has around $800k cash lying around from the profit of the sale of my property that I was going to dump in SPY for 6% a year. I am wondering if there's anyone out there who is selling option premiums or spinning the wheel with an account nearly as large as this? + +I've been profiting 3-5% a month for the last 3 months and if I start using more then I can potentially work less and spend more time with family. + +Would appreciate thoughts and experiences so far. +Results were published early March 2020 (so survey was before the crash ) , interesting part is millenials are keeping cash rather then investing ,perhaps saving for homes ? 40 percent of holdings in TFSA and 20 percent in RRSP are cash! , People need to be educated about the utility of a TFSA and RRSP + . +As usual most people who do invest buy high fee mutual funds or low return GICs and bonds . +Kind of sad I think many people have been programmed to believe that investing in stocks and ETFs is akin to gambling or are just too lazy to open a self directed brokerage account and do some investing research. + + +https://newsroom.bmo.com/2020-03-02-Majority-of-Canadians-are-Investing-but-Many-Still-Prefer-Cash-Savings +I’ve seen a lot of comments and posts saying that real estate takes time to grow and requires consistency + +From what I understand from several other posts is that it can take you up to 50 years to get a 100k salary from real estate alone. + +But from what I can infer you are proposing the scenario in which you and you alone work in real estate and start from zero. + +Now by following this process maybe you can retire between 100 properties or a 1000, I’m unsure on this but what I know is this, there’s some people worth more than 5000 properties, he’ll some with tens of thousands or more! + +This leads me to suggest or to question the following. + +Wouldn’t it be a more effective way to grow in real estate if you made a firm/corporation to do so, scaling a business on the grand scheme of things bringing in more profit and capital to expand? + +I ask this since I’ve never seen someone on the subreddit suggest this yet many corporations if not all of them have real estate firms or business with banks. + + +I inspired myself for this post by another redditor who asked advice since he was 18 and wanted a 100k salary +I’m currently 17 +Went to an auction today in Melbourne. The listed price was 900-990 (the 10% range agents have to quote) however at the auction we found out the reserve price was 1.2 million (20% above the maximum range) with the property selling for 1.25 million. + +Surely this is the text book example of under quoting if the reserve was 1.2 right? + +Can anyone point me in the right direction on how agents are able to get away with this? +Despite all of the NIMBY-ism that's rampant in the Bay Area... Oakland has outdone itself. + +It might be illegal to conduct background checks on potential tenants. This isn't good for tenants or landlords alike. + +[https://www.mercurynews.com/2020/01/21/oakland-may-ban-tenant-criminal-background-checks/](https://www.mercurynews.com/2020/01/21/oakland-may-ban-tenant-criminal-background-checks/) +As mentioned in some of my previous posts, the majority of my money invested in my ISA each month is in ETFs. + +However, I am happy to put a small amount into individual companies each month. I have taken numerous approaches to finding possible investment opportunities from literally going through every company in certain sectors on Trading212, to looking through the randomness that Motley Fool/OPTO/Seeking Alpha pumps into my inbox, to reading articles on FT and Marketwatch. I have a mate who literally watches TikTok videos for investment suggestions and then just jumps on that with no more DD (perhaps it is my age but I find myself distrustful of recommendations via TikTok, though saying that my mate seems to have done okay so far using the that as his sole way of finding new opportunities). + +What other ways of finding the next possible investment opportunities do people use? + +EDIT: Can't change my title but I wasn't necessarily suggesting just looking for one single 'thing' each time you look, just opportunities in general. Sometime you find one interesting thread worth looking into more, sometimes loads and sometimes none at all. +THE WEB3 PROJECT + +At the vanguard of DeFi, GameFi and Social Finance. + +TG: https://t.me/TheWeb3Project + +Website: https://www.theweb3project.com + +This are some of the first utilities that will come out: + +🔥Whistle - Decentralized Lifestyle + +Mystery boxes + +NFT Collections + +Social Gaming Platform + +The Upfinity League (Online P2E Game). + +The Oshies Club + +DEX SWAP + +Marketplace + +💸BUY. 💰HOLD. 🤑EARN + +Doxxed Founders + +Audit + +KYC + +Comparing with titano, libero, safuu, we are: + +1. Higher + +103,864,155,400.73% APY + 475.65% APR + +2. Faster + +Rewarded EVERY 3 SECONDS + +Gives 5% daily (103,864,155,400.73% APY + 475.65% APR) + +Other projects give reward in every 15 or 30 minutes or more due to their limitation. + +People have to wait that next 15 or 30 minute period to get next reward before doing something. + +Our project divides reward into smaller portions and give reward every 3 seconds. + +You cannot miss or wait any reward as this is theoretical maximum speed based on block + +by combining with the APY, it gives higher reward than any other projects. + +3. More Safe + +Others use EOA wallet for burn. No one knows they have key to control that wallet or not. + +Our burn address is a verifiable contract which has no owner. + +4. More Stable + +We have same manual buyback like others. + +But we also have auto-buyback for each sell + +5. More Healthy + +Others have big price drop when adding LP. + +We do not. + +6. More Consistent + +Unlike others, we have fixed exponential decay of interest rate change at each year. + +meaning we have fixed rate for 1 year and changes every each year. + +7. More Sustainable + +Others have price drop at each rebase. + +We have not. We have a special algorithm to avoid this (testing) + +Don't miss out! + +https://dextools.io/app/bsc/pair-explorer/0x9f7d235b7d3f4403133a559b0968361687e4fc62 +Elon Musk tweeted Thursday that The Boring Company received "verbal" government approval to begin building an underground Hyperloop, saying it would take "29 minutes" to go from New York to Washington, D.C. http://www.cnbc.com/2017/07/20/elon-musk-says-he-got-verbal-govt-approval-for-hyperloop-between-ny-and-dc.html +Hi all - not sure if anyone saw this BBC article: https://www.bbc.co.uk/news/business-62417010 that got posted earlier today but it’s getting harder and harder to stand by as our beloved company is continually referred to as a ‘meme stock’ by the MSM - so I want to share with you this letter as sent to the author. + +.............................................................................. + +FOA Peter Hoskins, Business Reporter + +Hi Peter, + +I’m reaching out in regards to your article: https://www.bbc.co.uk/news/business-62417010 + +I would like to discuss with you the use of the term 'meme stock'. In my understanding, this is a derogatory term used in the attempt to discredit or undermine the fundamentals of a company and being that you state the following within your article: + +“US retailer GamesStop and cinema chain [POPCORN] were two of the most high profile meme stocks that saw their shares soar last year.” + +It could be interpreted that you are being instrumentalised to perpetuate this stereotype – being that a company’s value success is only reflective of online rallying and dismisses any fundamental value as exists beyond that. + +So what basis do you have to refer to these companies as such? + +Considering the impartial standpoint that the BBC is recognised to have in the reporting of the news, I find this language to be contradictory and the utilisation of such an unwelcome term allows for this wrongful perception of the companies as associated with it to persist. + +Furthermore, to what basis is there to state that the AMTD Digital stock has been 'likened' to a ‘meme’ stock as stated below, and who are these commentators? The statement in reference is as followed: + +Some commentators have likened the rise in AMTD Digital's value to so-called "meme stocks”. + +Do you have any evidence of this, and if so – why not use this to support the claims you have articulated in this article. + +I would argue that there is good reason why “AMTD Digital did not immediately respond to a request for comment from the BBC” and I think if you are looking to gain more insight into the bigger picture, such as – how it is possible that HKD AMTD became the 25th Largest Company in the world in 2 weeks – Larger than Pfizer, Coca Cola, Bank of America, Shell or McDonalds – may I suggest you start by looking on Reddit: r/superstonk (type HKD into the search bar for a more specialised search on this topic). + +Perhaps mainstream media’s need to perpetuate the term “meme stock” is a convenient distraction away from a more disturbing truth. + +I await your response. + +.............................................................................. + +EDIT: If others would also like to forward this to the BBC for a response, here’s how: newssiteerrors@bbc.co.uk + +Credit: u/eaparsley + +You can also complain to ofcom about content standards: + +https://www.ofcom.org.uk/tv-radio-and-on-demand/information-for-industry/guidance/procedures + +Credit: u/DontGoGivinMeEvils + +They also have an online complaints form. + +https://www.bbc.co.uk/contact/complaints/make-a-complaint/#/Complaint + +There were a couple of forms, but this was for complaints that require a response. + +Credit: u/TankTrap + +Newswatch - newswatch@bbc.co.uk, + +Complaints - https://www.bbc.co.uk/contact/complaints + +**Let your voices be heard.** +Smooth brain 🦍 checking in. + +My first shot at something like this, please feel free to poke holes in my conclusions, I will be happy to redact my post in case I got it wrong. Also, TL;DR at end. + +u/brachr8 shared this [wonderful article](https://www.reddit.com/r/Superstonk/comments/o1inbj/nyse_president_admits_to_off_exchange_price/) about the NYSE President admitting that price in some stock does not properly reflect supply and demand. + +As a January HODLER I am very tired of reading all this FUD in MSM and many apes in the comment section of the post were pointing out that this is just another article that should be mistrusted. + +Ok, ok... I agree that Reuters should not be trusted blindly, but the fact the NYSE makes such statement is big. And I believe, very big. Here's why: + +So, when somebody says: The price does not reflect demand and supply they are really saying: the price is manipulated. And if it's the president of the NYSE saying that: wtf? + +Imagine the following: Every week, you go to a vegetable market, like thousands of others, to buy your vegetables. And one day you hear the owner of the market say: "Hey guys, the prices of some of the vegetables in here like ~~salad~~ carrots are manipulated." What do you expect to happen? Even if you hate ~~salad~~ carrots, you will still be worried about the price of your favorite vegetable to be manipulated too, right? You might consider going to another vegetable market the next time, until you know, that this market has resolved the problem. + +I mean, this sub (thanks to smarter apes than me) has figured this out already a long time ago and also, it's true what I read in the comment section: It's not just PFOF that is manipulating the price. It's naked short selling + FTDs, dirty plays in the option market and you know.. all the stuff you can read up in here. + +The NYSE also stated, that the price manipulation is systemic, by relating it to PFOF. Even if it is maybe not the most import factor and surely not the only factor, this says: The price of some stocks is systematically manipulated. Well, if it's systemic, the systemic possibility of price manipulation is applicable to all vegetables in the market, not just ~~salad~~ carrots. If this statement gains traction and trickles into the heads of all retail investors (not just apes), this will shake the confidence into transparent price finding massively. And I really doubt that this would be a good thing for the American financial system. + +And here is another thing implied in that statement. + +Stock prices is one thing. But now consider the plethora of derivative products around stocks. So, if the price of stock can be systemically manipulated and according to the opinion of the NYSE is being systemically manipulated for some stock, what does this mean for the value of derivative products? + +If the NYSE says GME price is manipulated and you had 250c calls in April, which now have expired worthlessly, I guess you could say that somebody found a way to take away your money. Again, apes know that, but I think that some wrinkly brain retail investor that have never heard of this sub might be able to come to that conclusion as well. So, if all of this means that in the worst case, many of derivatives around stock are just a way to take away your money and in the best case, you're lucky that nobody actually took it away and you might have a shot on profiting from your investment, I guess this might change the view of some people on the derivative market substantially. + +Now that the cat is let out of the bag by the statement published in the article, I think that authorities need to act fast in order to avoid that trust in the price finding mechanism of stock in the market vanishes, spilling over the derivative products. + +I actually think that this remark by the NYSE will mark the beginning that we actually hear about concrete steps being taken to address the price manipulation we have been seeing for months now. + +TL;DR: + +It's big that the NYSE acknowledges that prices are not reflecting demand and supply properly, this cannot be left standing in the room, so I believe we will see some action being taken to eliminate price manipulation. + +Edit 1: Not financial advice of course and I forgot the most important part: 🚀🚀🚀🚀 + +Edit 2: TIL: Salad is not a vegetable. Also, the German word "Salat" only roughly translates to the English word "salad", because it also means "lettuce". Changed to a vegetable now lol. +Hi! + +I have joined Reddit after lurking around for a long time just to ask this. + +I am a 25 years old EU citizen and I live in Luxembourg, although I am not originally from here. I have recently finished my studies here and I am earning 3400 euros per month after taxes. I live on 1200 euros per month including everything (I don't have a car and I rent a small studio in a cheap area in the country - as much as anything can be called cheap here). + +I have a nest egg with 4k. I also put into IWDA and EMIM 1700 euros per month (until now I have 10k there distributed 85-15 from previous student jobs). Finally, I put into a different "holiday, tech, and hairdresser" bank account 500 euros per month (although I may as well call this bank account "stuff I don't need but that makes me happy"). + +In the future, I don't want to have kids and neither does my partner. We will most likely relocate at some point due to our careers, so we are not planning in buying a house. In any case, we are not even living together yet. + +In a sense, I am writing here today because everything feels too easy. I don't know what to do with all this money I am earning, I am used to living on 1000 euros per month in Luxembourg from when I was a student. Am I supposed to just keep putting in money in IWDA and EMIM? I know how compounding interest works, and I know that if I keep this up it will grow. I guess I am just looking for reassurance - my parents never taught me anything with regards to investments, so all of this has been self-taught during the past year. + +Thank you!! +I first bought ETH on Jan 16th. At my worst, my portfolio was -75%. I'm now at -15%, and it looks like I'm hitting the 0 soon. Gonna celebrate that 0 like it was 10x, bois. +As I looked back over my cost basis info tonight fury rose up in me as I saw some of the purchases I made in the 300s back in January. Obviously I never sold a share, so the loss on those purchases remains on paper, but it doesn’t change the fact that criminals cheated me out of my hard earned money and hugely devalued those shares through illegal means. + +No one who bought in the 200s 300s or 400s made a financial mistake. Those shares were headed into the thousands without those cheaters intervening to rob retail of a fairly won victory. +**TLDR: any meaningful increase today (>2%) will significantly increase the chances of a squeeze in our near future.** + +**Edit1: We obviously finished at \~1.8% today instead of 2%. Green is green and any increase is good (like always). Think of it like we were playing in a special bonus round today that would've quadruple our daily GME points, and we probably didn't get those bonus point. Still a good day! I'm excited to process my options data dump when I get it in an hour or so, and will be sure to share the results.** + +**Edit2: AH price movements still definitely help! My options data dumps are near end of day (\~15 min before close), so I won't see the impact of AH movement when I process tonight, but it's all still good!** + +**Edit3: Just to be clear, I was not predicting a >2% increase today. My sensitivity testing goes from 2% to 10%, so I was saying that my sensitivity tests show even a 2% increase will get some awesome bonus delta today (more than usual). Since we were at \~1.8% today, that doesn't mean we get nothing. I'm sure we will still get bonus delta, but my sensitivity tests just didn't go below 2%, so I couldn't tell you what was it was. We're good though! It was a good day!** + +I apologize for my absence. I've been on vacation for the first time since 2019! California was beautiful. Definitely making me think about a move :) + +Since it's been a couple of weeks, I'll do a full refresher below. + +***Background*** + +My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. + +&#x200B; + +[Hedgie doing its Hedgin'](https://preview.redd.it/ck93r8xvg1871.png?width=168&format=png&auto=webp&s=ab98f88b94e4fa0198174029e71061abe2891686) + +There is a new methodology/assumptions section at the bottom that gives my method in full detail. This section gives a high-level of the key pieces of the analysis described in this post. + +**Delta** + +The Delta of an option represents the expected change to an option's price based on a $1 change in the security's underlying price. For example, if the GME underlying price is at $100,000,000 and a GME $102,000,000 strike call has a delta of 0.2, then that call option price will increase by $0.2 if the GME underlying price moves up to $100,000,001. Note that the price is also affected by gamma so will actually be higher than the $0.2 price increase estimated by delta, which will be covered later. + +&#x200B; + +[Call versus Put Delta by Strike Price for an Underlying @ $100](https://preview.redd.it/ugpgf1wjg1871.png?width=987&format=png&auto=webp&s=8ecf759c7f1119d70b9f5765674590f866168fb5) + +Delta hedging is a trading strategy employed by market makers (MM's) to minimalize the directional risk associated with price movements in the underlying security. Traditionally, you can think of a MM buying 20 (0.2 x 100) stocks of the underlying security if the price increases by $1 (using the example above). However, it's important to note that hedge funds often use other derivatives to hedge, not just buying/selling stocks because it requires less capital to do so. However, these indicators can be used as a directional proxy for some of the MM behavior as the underlying price increases/decreases. + +The total market delta share equivalent represents the sum of delta x OI across all strikes/expiration prices in a given trading day. I will say it one more time, hedge funds are not actually holding this number of shares on a given day to hedge. They often hedge with other market derivatives. However, it can give us an indicator for hedge funds buying/selling underlying equity relativities. + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma** + +The Gamma of an option represents the rate of change of the Delta of an option with respect to a $1 underlying price movement. From our example above, if the GME underlying price is at $100,000,000 and a GME $102,000,000 strike call has a delta of 0.2 and a gamma of 0.05, then that call option price would actually increase by $0.25 (0.2 + 0.05) if the GME underlying price moves up to $100,000,001. + +&#x200B; + +https://preview.redd.it/14jxduhrk1871.png?width=670&format=png&auto=webp&s=b3d64c2e70ae8961359d1b1c5f708ea70f1ed9c8 + +MM also hedge against gamma risk, but the impact of buying/selling securities to hedge is often much lower than the impact of delta hedging (also remember that they use derivatives to hedge too). However, you are probably familiar with gamma because of the "gamma squeeze" that happened back in January. A gamma squeeze happens when the underlying stock price begins to go up very quickly in a short period of time. This forces more buying activity from rapidly increasing deltas/hedging, which continues to inflate the price. + +&#x200B; + +**Gamma Neutral** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +General notes below for observations on how this indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +***Delta/Gamma Neutral Graph*** + +Here's the graph you're used to seeing, and it includes the Close Price (green), delta neutral (blue), and gamma neutral (orange), on a log-based 10 scale so you can see those spikes in all their glory. + +&#x200B; + +[GME 1\/4\/2021 - 6\/25\/2021 ](https://preview.redd.it/3w8in2bxn1871.png?width=910&format=png&auto=webp&s=8ee0e0f575df7fcc96a93eef105b6107024dc69a) + +A few things that happened the last two weeks: + +* The delta neutral floor continues to rise (yay!) It's currently at $176. +* GME likes to hang out between 10% and 30% higher than the delta neutral price if nothing unusual happens, which gives a range of $194 - $230 for the underlying. +* GME's high is 214% higher than the DN back on 1/27, so certainly able to break higher, but it is hard to break through that resistance. +* No significant action with gamma since 6/8 + +***Total Market Delta*** + +The graph below summaries the total market delta share equivalents (dark blue) versus the underlying close price (green). See the "Delta" section above for information on what the total market delta share equivalent amounts represent. + +&#x200B; + +[GME Total Market Delta Share Equivalent versus Underlying Close](https://preview.redd.it/valw8po1s1871.png?width=909&format=png&auto=webp&s=5241a6231a0d442eb3cfa268e37ea5957827fbf5) + +You will notice above that the total market delta increased significantly BEFORE the January and February/March squeezes. This helped to contribute to the buying pressure to push GME upwards. + +The graph below provides a sensitivity test for the total market delta share equivalent (blue) based on +5% (light red) and -5% (dark red) shifts to the underlying price. + +&#x200B; + +[+\/- 5&#37; Underlying Price Sensitivity Test](https://preview.redd.it/g01npebyr1871.png?width=909&format=png&auto=webp&s=3720955ff7a40a4e03937176115c34e9f736301c) + +Now you can see that the impact to the total market delta increases significantly BEFORE large changes to the total market delta share equivalent, which happens BEFORE large changes to the underlying price. + +Note that there are also potential for large DECREASES if there is also a potential for large INCREASES. The total market delta sensitivity tests have also been indicating a potential for a large decrease as the market has been dropping the last few weeks. + +For example, back in January: + +* The sensitivity test on 1/8/2021 showed a 5% increase to the underlying on 1/8/2021 ( a Friday) would've increased the total market delta by 91%. +* On 1/11/2021 (Monday), the price increased by 13%, and the total market delta increased by 305%. +* The underlying price then increased by 200% between 1/11/2021 to 1/14/2021. + +Now! My sensitivity tests as of 6/25/2021 close showed that a 5% increase today would lead to a 60% increase in the total market delta equivalent! As of writing this, we have already been up > 5% at a high for the day, and currently at a 3% gain. I expect this will lead to a significant increase in the total market delta shares, which will put us well on our way towards another squeezy squeezy lemon peezy. + +&#x200B; + +https://preview.redd.it/leipjjemu1871.png?width=1280&format=png&auto=webp&s=eceb696974c5897f08ffe7b3c51e9d5d936931c3 + +***Methodology and Assumptions*** + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options summaries produced by [https://www.orats.com/](https://www.orats.com/) +* Their options summaries use "near end of day" snapshots (i.e. 15 minutes before close), because they say its more reliable for producing Greeks. They say the last 15 minutes is not a reliable source for options prices to represent the rest of the market day. Therefore, you may notice +* I still rely on [www.historicaloptiondata.com](https://www.historicaloptiondata.com) for my stock information, but working on converting to orats. + * Note that the Underlying Price in the graphs above is the Close price, not the near end of day price. +* For the Implied Volatility (IV), I use the following method: + * Orats produces a smoothed IV that I like, which I use in conjunction with the mid-price call/put IV's to produce a final IV. + * The orats smoothed IV cleans the quotes, and solves for a residual yield based on the put-call parity formula. This lines up the call and put implied volatilities, to account for estimating hard-to-borrow stocks, or stocks with differing dividend assumptions. + * Next, the IV curve is smoothed through the strike IV's using cubic splines. This is helpful for producing reasonable IV's in low volume stocks or strike prices. + * The smoothed IV methodology above produces the same set of IV for both calls and puts. Theoretically, the IV should be the same for both calls/put, because it should represent the estimated volatility of the underlying price for both calls and puts, which wouldn't differ. + * However practically, the IV never actually just represents the estimated volatility of the underlying. The IV used in the Black-Scholes (B-S) price calculation is usually always higher than the historical volatility, because options sellers attach an IV premium to the raw IV that helps make them money. + * Because calls can produce infinite losses to options sellers, the IV premium tends to be higher for calls than for puts. I use the following methodology to adjust the orats call/put smoothed IV: + * I pull the orats options database for each ticker, trade date and expiration date. + * Calculate the relativities of the raw mid-price call / smoothed IV, and the raw mid-price put / smoothed IV for each strike price. + * Fill in any missing relativities with the nearest relativity, within its own ticker/trade date/expiration date. This mostly just applies to far OTM strikes. + * Smooth the relativities using rloess, which is a local regression using weighted linear least squares and a 2nd degree polynomial model. This method assigns zero weight to data outside six mean absolute deviations. + * Apply the smoothed call/put mid-price relativities to the smoothed orats IV estimates to get the final call/put IV estimates. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel/#gamma-in-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* For the sensitivity tests, I adjust the underlying price in the snapshot by +/-5%, and run the algorithms as described above, to estimate what the total market delta/gamma would be at the different underlying price. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. + * Note that I'm currently working on my own algorithm to estimate same-day OI, but I'm not done yet. + * However, it should be noted that using the prior day OI is a limitation of the data available to me. + +&#x200B; + +*Disclaimer: I'm just a person that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. Nothing is certain in trading. It's all probabilities and what increases/decreases your chance at a profit. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.* + +*I'll do my best to respond to all comments, including the negative ones. I'm happy to have a productive chat about any of my logic. I've gotten a lot of good ideas from posting on this forum, so thank you! However, if I can defend myself in a dark parking lot with nothing but my high heels, I can certainly defend myself against online trolls. So be nice.* +It’s like everyone there has a 50,000 dollar emergency fund. 100k in savings. Getting paid 100k a year. Meanwhile I’m unemployed and struggling to meet my basic needs. It’s just so depressing. +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 /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/EKU2tVBp9u). +Maybe some wrinkle brains can help me out with the details, but we’ve seen one dirty trick after another, all used to fudge data and hide their ridiculous short positions. We know they have been abusing their market maker privileges to help out other SHF’s, a slap on the wrist is not enough. The American people should demand more from their politicians and financial institutions. We’ve been living in a rigged system long enough. +A nice buffett of semiconductors. I don't want someone to "do the homework". I've mentioned that before, I want to learn how to better value a company. + +But I'm struggling with the basics on the semis right now. INTC P/E is perfect for the coming inflation storm. + +The margin isn't bad, the growth is going to pick-up, that's the point of CAPEX and building future capacity. + +So why is it that of all of them, INTC is the dog with fleas? + +What am I missing? Is slightly less profit margin really that big of an issue? Its business departments have been growing well as well. And frankly, as the US shifts from import to made in the USA, INTC is the only option. + +AMD I think is getting hammered precisely because its overvalued and its future is more bleak than people may think. +Just looking at Rob Vinall's portfolio on dataroma, he is down across the board, by quite a lot, including Carvana \~80% and Wix \~ 50%. I think it would be quite hard to come back from that, for example if a stock is down 50% it has to double just to get back to break even. Even if it tripled over a 3 year period thats 'only' \~ 17% return considering how difficult a triple is. How difficult do you think it will be to turn things around? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +We have seen banks spent the whole week preparing for an oil price collapse and the margin calls that would come with it. HSBC took a big hit from the Singapore oil trader’s default. + +What are the Chances the other banks are currently under distress and are masked by covid 19 situations? +Hey guys. + +I'm 29M, single, still living with my parrents and would like to get some outside perspective on my financial plan. + +I live in Slovenia, my net monthly salary is 2700€ (quite above average). +I have a brokerage account where I put 150€ a month into ETFs, I also contrubute to individual pension fund (similar to 401K I guess). I am currently putting 1500€ cash aside every month, and my cash reserve currently equals 83.000 €. + +This money has just been sitting and growing in my account for the last 3 years. My plan was to use it as a down payment for an apartment, but I was travelling a lot for work up until 4 months ago, so I never got around to actually buy anything up until now. I know It's not ideal for the cash just to sit in the bank, but anyway, here we are... + +&#x200B; + +My plan is to take all that cash, take out another 50.000€ mortgage (20 year fixed at 3,4%) and buy an apartment that I found and really like for 130.000€. +My reasoning is that even though I could pay those 50.000€ in 3 years, I would rather stretch it out over 20 years, pay some extra in interest, but this way my monthly payment is like 290€ a month. So It gives me a lot of flexibility. At the beggining I would throw all the extra money into the mortgage to pay off principle faster. But after 1 year for example, I could decide to invest more into a brokerage account and lower the mortgage payments. Or if the real-estate market "collapses" and there are good deals on the market, I could buy an additional apartment as an investment. + +&#x200B; + +My concerns are: +\- that it's not a good time to buy real-estate right now (maybe wait for a couple of months for some discounts?) +\- that it's not ideal to take all that cash and put it as a down payment, where there could be better opportunities out there +\- i'm not confident in my 20-year instead of let's say 5 year mortgage reasoning + +&#x200B; + +Any and all comments and ideas are welcome. Thanks in advance! +https://www.cnn.com/2022/03/17/business/china-russia-sanctions-friction-intl-hnk/index.html + +Fears that Chinese companies could face US sanctions over ties with Russia had contributed to an epic sell-off in Chinese stocks recent days. That slump was reversed Wednesday when Beijing promised it would pursue policies to boost its sputtering economy and keep financial markets stable. + +Analysts say that China is attempting to strike "a delicate balance" between supporting Russia rhetorically but without further antagonizing the United States. + +Beijing and Moscow share a strategic interest in challenging the West. However, Chinese banks cannot afford to lose access to US dollars, and many Chinese industries cannot afford to be deprived of US technology. + +While China is Russia's No. 1 trading partner, Beijing has other priorities. Trade between the two countries made up just 2% of China's total trade volume. The European Union and the United States have much larger shares, according to Chinese customs statistics from last year. + +China's currency, the yuan, doesn't trade completely freely, moving instead within bands set by officials at the People's Bank of China (PBOC). Last week, they doubled the size of the ruble trading range, allowing the Russian currency to fall faster. + +If China allowed Moscow to convert its yuan reserves into US dollars or euros, "that would clearly help Russia's current impasse," García-Herrero noted. However, "the reputational risk of potentially breaching Western sanctions would be a huge step for the PBOC to take and therefore makes it highly unlikely," she said. + +"The long-term gains of moving closer to Russia might not match the impact of Western investors suddenly losing interest in China," she added. + +In response to CNN's request for comment, China's foreign ministry reiterated Beijing's opposition to sanctions adding that China and Russia will maintain "normal economic and trade cooperation." +https://arstechnica.com/information-technology/2019/05/pornhub-wants-to-buy-tumblr-and-restore-site-to-former-porn-filled-glory + +> "Verizon Communications Inc. is seeking a buyer for blogging website Tumblr, according to people familiar with the matter, as it tries to steady a media business that has struggled to meet revenue targets," The Wall Street Journal reported yesterday. + +> Pornhub quickly announced its interest after the news broke, although it isn't clear whether the two companies have talked. Verizon banned all adult content from Tumblr in December 2018, and Pornhub wants to restore the site to its former porn-filled glory. + +> The WSJ report said Verizon's sale process for Tumblr "is ongoing and may not result in any transaction," and that "[i]t is unclear how much Verizon might get for Tumblr." The WSJ report didn't mention any potential buyers. + +> Yahoo bought Tumblr for $1.1 billion in 2013, but it later wrote down about half of that value. Verizon bought Yahoo's operating business, including Tumblr, for $4.48 billion in June 2017. + +> Verizon hoped Yahoo and previously acquired AOL would help it create a huge online advertising business. It hasn't gone well. Verizon laid off 7 percent of employees in the Yahoo/AOL division in January this year, a month after telling investors that the media division had "lower-than-expected revenues and earnings" as it lost ground to online advertising industry leaders Google and Facebook. **Verizon recorded a non-cash goodwill impairment of about $4.6 billion, wiping out nearly all of the Yahoo/AOL division's goodwill value.** + +I knew Verizon was struggling with AOL/Yahoo. I didn't know it was that bad. +Wow I'm still in shock. I just need to know where to start. + +I know that I need to have 4 weeks notice if over 5 years, but theres not much more that I am across. I'm a bit of a noonce with finances. + + +Does my Long Service Leave get paid out in full or is it taxed? + + +My period of employment is only listed as full year amount rounded down, not years + month.. does this matter? As in 12 years (12.0) not 12 years 8 months for example. + + +What is the minimum amount of weeks paid out for redundancy (south aust) or is it solely based what my contract says? + + +Thanks in advance. + +UPDATE: sorry for no response on this thread. Going through comments and answering as much as I can now after busy making seek profiles, resume and LinkedIn thing. +As seen on TV probably put the impulse buy sweet spot at $19.99 for average consumers. What is fatfire's limit? What was your last unplanned big toy? Share your dollar limit or legendary stories. +Firstly, congrats on your success. I hope you find your time in fat fire ever as good as you had hoped. Secondly, I am curious if anyone of you have ever looked back and realized you have accumulated more than you need? As in...you could have gone into ER earlier as opposed to accumulate more. No one has a crystal ball optimize financial planning forward, so I am trying to learn from your hindsight. Thanks! + +Edit: thanks for the insights. Takeaways: +1. Many over accumulated not because they wanted or needed to. It was just a by product: some because of their passion for their work, or others who have yet to find non-work related outlets (either can't, or don't feel the need to) +2. Those who didn't enjoy work as much should aim right as opposed to aim high +3. Keep family and your physical / mental health as top priority. Getting a bigger stash while sacrificing these is a poor choice. +4. Err on the side of caution is likely the reason why we all over do it +Sup apes + +Not financial advice, I'm financially and literally illiterate. literally. + +As the title suggests, it is **mandatory** to play this song before reading : [https://www.youtube.com/watch?v=oVaBgcJwkI4](https://www.youtube.com/watch?v=oVaBgcJwkI4) + +mobile apes, here's a spotify link: [https://open.spotify.com/track/5lLNBIyjp72btcnrjBG751?si=9adfe92dc69943e5](https://open.spotify.com/track/5lLNBIyjp72btcnrjBG751?si=9adfe92dc69943e5) + +Title felt fitting, I've got a lot to go over, so without further ado, let's jump right into it! + +If you follow me for regular EW updates, you'd be wrinkly enough to remember that in my "return of the uptrend" post, I said that in order for the uptrend to remain in tact, it was **imperative** that we hodl above 197. Here's the direct quote if you missed it: + +"What's important is the LOW IS IN MOTHAFUCKAS (so it seems, i'd love more cheapies), AND we had a seemingly definitive wave 1 on a smaller scale complete. Identifying a wave 1 is often times the hardest part of EW, but the trick is to look for the end of a downtrend. It is imperative that the wave 2 does not cross below the low of wave 1 (197), or the move is invalidated." + +Where did we bottom on friday? + +[1m](https://preview.redd.it/74si1n35d3871.png?width=2794&format=png&auto=webp&s=79e0188ef7e65035fa8cef1dd78699dfce642feb) + +198.5. + +Nice. + +So the uptrend is intact, though in the grand scheme of things this doesn't really change anything if we broke below. All this does is solidify the uptrend, as higher lows relative to our recent low is quite literally the definition of an uptrend. + +I don't quite know where to start, I guess I'll go from today. + +If you follow me on [twitter](https://twitter.com/gavinmayreal) for intraday analysis, I took a closer look and am providing updates here. + +I initially made the assumption that our move to the high of today was a 1234 impulse, which would put 5 finishing somewhere around 228 (on an intraday time frame). What I believe is actually the case is the move up to 224.45 was a minor wave 1, you can see this by the notations in blue numbering (i) to (v). + +I see it this way as the move at close on friday was actually a hyper extended minute 3. If you watched my EW tutorial video, I briefly touched on this subject. Mass hysteria in markets can result in hyperextended waves, that target the 4.326 extension of wave 1. Visualized below, you can see this happen friday: + +[hyperextended minute 3](https://preview.redd.it/8kgn4dg7d3871.png?width=2796&format=png&auto=webp&s=0b53e6216f75e9b96771cbec252955844a36594f) + +This lead be to believe that there wasn't too much upside left in the move, sure enough we topped out intraday at 224.45. + +So wut mean for tomorrow you ask? + +First of all, this is intraday waves, so for one it really doesn't matter, but pay attention because remember, smaller targets come together to identify future larger scale targets. + +My thinking for tomorrow, given that todays peak was a minor 1, we can expect our minor 2 to retrace at least 50% of the move, though ideally 61.8% of the move. + +Tying this concept into different types of corrections, the typical correction in ABC form is the A = C, or a 1:1 extension of A. + +Visualized you can see the 61.8% target and the 1:1 target of A, they land very close to each other which confirms my bias in the analysis (look at the letters in red) + +[30m](https://preview.redd.it/waqhrd2ad3871.png?width=2790&format=png&auto=webp&s=2adaf9e3889a1229120b5baa8cbab33fb2452851) + +So, not only does this mean that we can expect a nice little discount towards the beginning of the day tomorrow, but the overarching setup is screaming BUY! + +Remember how I said it was imperative we hold above 197 for the trend to remain intact? because we did, that means that after the minor wave 2 completes around 208.5 (assuming we target the 61.8 level and not the 50 or 78.6, it really doesn't matter haha), means that the setup is technically a 3 within a 3 within a 3 within a 3 (nice) + +This puts the intermediate (3rd 3) at a minimum of 227, though the 1.618:1 extension comes out to 245 (note the (3) annotation): + +[1hr](https://preview.redd.it/m0ago9sbd3871.png?width=2816&format=png&auto=webp&s=fbe9b5028166cae497a2b170360f059b2cdf5910) + +What I'll be watching for is holding above 197 still, other than that I'm inclined to believe the visualized count is correct as no rules of EW are broken, and all targets have checked out thus far. + +It is entirely possible we don't retrace to the 61.8 level and we witness something called a flat corrective 2 wherein the A and C hit the same level, in this case around 212 (technical traders refer to this as a double bottom, a buy signal) + +After the C wave completes, the 3 within a 3 within a 3 within a 3 begins. This will also likely take place tomorrow and Wednesday. idk about you, but I love Wednesdays. + +Now let's talk bigger picture. + +[4hr](https://preview.redd.it/32f2k64dd3871.png?width=2800&format=png&auto=webp&s=9c04a447363222ffa65d2eb35239a039abbda9be) + +4hr + +Looking for some study material on bullish charts? look no further. + +I've never seen a chart more bullish than this. seriously. I get hard thinking about how explosive this is gonna get when we get volume upticks. + +There are a bunch of targets to watch out for, but the major ones I'm watching for are 428, 484, 517, 572, 660, and 862. + +I think everything before 862 isn't super relevant tbh, I only say this when comparing GME to the movie stock. There has been some work to show there is a correlation between the two, and that GME is lagging a few weeks behind said ticker. + +Using this same ideology, eyy emm sea hit the 1.618:1 extension of its january move (35 ish) before retracing to 22 then 70. This was a 12345 impulse with a slightly extended 3rd. + +By this logic, GME is still in its biggest wave 3, which at a minimum is targeting 547, though using the movie stock as a precursor, that puts GME at 862. + +Note though, movie stock 35 correlates to GME 862. not current prices. + +nice. + +I'll need to see where GME retraces to after said move is complete, though it'll probably go a little something like 862, 600 ish, then break into the thousands. + +note, THIS IS NOT THE SQUEEZE! These are all pre squeeze targets. + +Something else to note, friday we finally filed the minuscule gap up I mentioned a few days back, visualized by the tiny green box: + +[BULLISH](https://preview.redd.it/4k3di9dyd3871.png?width=2812&format=png&auto=webp&s=319fbf8ffcdbc0c06f7ed2c39a37b7c0a2c9b15d) + +If you're a true OG and have been following me for a while, you know how I always emphasize gaps, and how GME has a tendency to fill them rather quickly. This was the only gap to the downside that had to be filled. + +Now you ask, wut mean, and are there any more? + +In short, when the gap to the downside fills, now stonk can go up. + +There is a gap on the DAILY chart around 300 from a few weeks back, in the image below I highlight all daily chart gaps so you can visualize they do always get filled: + +&#x200B; + +[DAILY gaps](https://preview.redd.it/uhfxxoppe3871.png?width=2794&format=png&auto=webp&s=aed6a9a8d9ea89db6525a3a304b65699a2610e35) + +these are only daily gaps, not intraday. all intraday gaps are filled. + +For smoothest of brains, we can expect resistance at 286 and 292, but once we break this level, it then becomes support. + +GME is starting to get pushed on (double u ess bee, automod blocked first post) again too, which is interesting. Seems like the only thing the shills can do at this point is encourage day trading, which I do not endorse. + +Personally, I could have a much larger share count If I sold upon target confirmation, but this is not the way. The way is buy and hodl. I love every price I see, the lower the better. + +Let me repeat that. + +Do NOT day trade/swing trade GME. By selling, you allow shorts to close their position. By holding, they are forced to find another source to short from, or just create synthetic shares. I for one love when they pump more fake shares, it's just more shares that have to be bought back later. So by all means, keep flooding the market shitadel. I know you're reading this ;) + +I think I covered everything. In short I like the stock and am incredibly bullish on said security. I will not sell said security until it reaches 8 figures, and when this happens I will only sell a small portion of my xxx shares for the sake of the infinity squeeze infinite money glitch. + +Imagine finding a GTA V modder who dumps money bags on you and suddenly you can buy every car at west coast exotics. In this scenario, we found the modder, he's just hesitant cause he doesn't wanna get banned from the game entirely. But you know he'll do it anyway and likely get permabanned... + +TLDR: buy and hodl, moon soon, godly setup, don't day trade, be nice to each other 🚀 +I figured you guys of all the group would like this story. + +GME is going crazy. I am long term bearish on GME, but shorting is not for me, options are too high IV for my taste, and anyway I never play long options. But I was looking at a way to play on GME. + +&#x200B; + +In those cases, I like to buy calendars with a low strike, to take advantage of theta, and potentially higher volatility in the drop, something not as risky as a directional play. Kind of what I did on Hertz last year (108% ROI). See this [post](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) for more details. + +So I was looking quickly last week and then I saw that the GME puts for the $5 strike were off for the months of March / April. The month of March was pretty much the same price as the Month of April, due to the volatility skew. + +&#x200B; + +Last week, I tried to buy a few hundreds of PUT calendars $5 March/April for $0.00 but TOS would not allow me. Then I bumped it to $0.01, nobody bites. $0.02, and then I start getting few contracts being sold, many more to go. Over the next few days, they ended up all being bought. Wow. I did another batch that completed right away too. And then I figured, let me add another set of contracts for $0.01 this time. And somehow, 20 contracts got filled this morning. + +Exit strategy is to way the short month to expire worthless and sell the long month to $0.05 or more (even if GME has a high price), and more if GME actually drops (the real money maker). + +Well, guess what, today around noon, the march/april $5 calendar started to be priced correctly, and it was now worth $0.10. In a rush I sold everything, paper hands. Sigh. I tried earlier $0.15 and $0.12 nobody would bite, but it seems I could have sold it $.15 a bit later, and more if I had waited for the full plan. Oh well! + +&#x200B; + +At $0.65 per contract, that cost me $3.30 per calendar after treading fees, which I sold for $8.70, for less than a week, with little overall risk. And no directional play. I tried to re-enter the same trade just after, because why not, but TOS prevented "complex" trades (it must be a circus for the GME mm right now). + +&#x200B; + +Anyway, I figured I would share this story and would love to hear if you guys have similar setups recently that could be reproed. I did enter one with Tesla with a $500 calendar a few weeks ago. Not as good of a ROI yet, but taking advantage of the volatility skew and I am nicely profitable despite Tesla going up. Huh. Crazy market. +This has been a long time coming. I originally agreed to buy the house in late Oct/early Nov. It turns out the people I was buying it from actually had purchased it for only $2K!!!! But, they had never bought a house before and that $2k represented all the money they had in the world. The previous owner had rented to some people who ended up squatting there for months with no power or other utilities on. She was so desperate to get out of the situation, she agree to sell it as is to these people who she knew cleaned houses as a side hustle. They were able to get rid of the squatters, but they had no idea where to go from there. The squatters ended up stealing the AC unit and some of the wiring on their way out. After spending the $2K to buy the house, they didn't have anything left to fix it up themselves, and quite frankly didn't have the knowledge of what to do or where to even begin. So they listed it on Craigslist. + + This is where I found it....I can't remember the exact listed price. I think it was $12K, but I could be wrong. After seeing the condition of the house, (still full of junk, and lets just say both cats and humans had been using it as an outhouse for a long time....) I debated on even making an offer. I went over it with a lot of scrutiny and determined it had good bones and it was worth trying to save before the city got a hold of it and tore it down. We initially agreed on $7k, but after we got into the process we discovered property taxes had not been paid in a while, and the people I was trying to buy it from didn't have the money to clear everything off the books so they could buy/resale the house. I offer to cover all the back taxes and liens, which made the final total price after closing fees $8,500. + +I initially budgeted about $8K for renovations. This is going to include a lot of cosmetic work, some minor electrical work, some minor plumbing, new flooring and paint throughout, new light fixtures, fixing and upgrading the kitchen cabinets, some work to the sub floor, drywall work, and many many things not listed here. The house will look and smell completely different when we are finished. The budget is going to be flexible on this one. It might be less, or it might be a little more depending on steps we have to take to get rid of the smell. + +The plan is to rent the house for $575 - $600. We might be able to squeeze in a small second bedroom...if so we might be able to get slightly more. The house is in a desirable area on a corner lot, has a large fenced yard in back and a large detached garage. + +I've tried to avoid any of the stomach churning pictures, these are the sanitized versions after we got the house mostly cleaned out. [https://imgur.com/a/SquXsZP](https://imgur.com/a/SquXsZP) As always, feel free to ask any questions. +More and more I’m seeing questions and advice about long term investing. Ie. people asking how many days to hold stocks for and good ETFs to invest in. Remember seeing a post yesterday about advice for trading and one of the recommended books was in reference to the boglehead methodology. Just a few minutes ago I saw a post about day trade ideas and one of the comments talked about holding BIDU for 3 months. Like what? Can the mods enforce that this sub is only for day trading? We have plenty of other subs for swing trades or long term investing. Would like if this one was used only for discussion about day trading. +I recently went from minimal liquid to $14m overnight. I’ve got about $1.5m that I’ve trickled into equities and the rest is cash at the moment. I’m wondering how some folks would approach getting into the market with all of the volatility at the moment? + +Thanks to everyone on here btw. This forum has helped me a lot. + +Edit: + +Thanks so much for the wonderful replies. My financial advisors are using DCA which I learned about yesterday. Going to let them slow roll things. I’m 42, no crazy rush rush to retire or get richer. I was not born with the silver spoon, so this is a huge learning experience(money). +I'm searching the internet for strategies or methods applicable only to the crypto market if any but I can't find much. Do most of algorithmic traders use the same strategies as mean reversion or momentum and technical analysis? +I got a real gut check today on whether tax lien and tax deed investing are for me. I'm pretty sure I'm done pursuing foreclosures on tax debt. + +Today, I knocked on the door of one of my tax lien properties. I purchased the lien at a county tax auction 6 months ago, the grace period has passed and now I can pursue foreclosure. + +I came hyped up with the potential to make a lot of money and just felt the moral need to tell the homeowners, if I could find them, that I will be foreclosing on the property ASAP. I assumed the house to be vacant, there weren't many signs of life during my pre-auction drive-by. + +Instead, I met an old woman that owns the house and heard a compelling story that reminded me that we all run into hard times. She told me what she'd been doing to get out of this debt and had thorough, knowledgeable answers for all of my victim-blaming probes. She had done the work, but got hosed in a few bad situations. In her situation, I would have taken the same actions and I would be standing right in her shoes. + +When thinking about REI, many of us think about our riches, our potential futures, and the bravado of managing a successful business. This interaction has me spending more time thinking about my vulnerability, my privilege, and my decades-long string of luck. + +I have to think about the person I want to be and the example I want to be to my kids. On one hand, I could be making efficient use of the "system", foreclosing on and making a profit off people who aren't paying their fair share to society. On the other, I will be bringing homelessness to someone, someone who's shoes I could very quickly be in. + +I'm not looking for advice, the situation is already resolved. I just wanted to share the feelings that can (and perhaps, should) come to you when you pursuing foreclosure-based real estate investments. +Finances are the main reason I'm on the fence about having any children, as I would really like to FIRE asap. If you time travelled back to your pre-child self, would you still make the decision to have children? +Hi , + +I've got around 25k saved up and currently in Sydney. I was looking into apartment prices in Melbourne and they are MUCH cheaper than Sydney. (Currently living with parents with a 2 hour commute per day in Sydney, yes it's killing me) + +There are a few 1 bedroom apartments apartments under 300k near Melbourne CBD and Southbank . My job should roughly pay 75k-90k. (I'm a mid level software developer). + +Is this a good financial choice or should I buy a small house further from CBD. (Although I have no need for a house since I'm not married and won't be having children anytime soon) . + +Or perhaps I should be renting? + +Very new to this sub, so apologies if my questions come off simple +I froze my credit after the Equifax breach, but have had to lift it a few times since then. When freezes became free I wanted to confirm that my credit was frozen with each bureau. When I got to the Experian site, I went through the process of adding a new freeze, and when it asked for a PIN I put in the existing PIN I had. The confirmation page said something along the lines of "You already have a freeze, and the PIN is 123456". + +I was slightly worried and so repeated the process in a new incognito browser window and when it asked if I wanted to enter a PIN or have them generate one I let them generate it. I got the same confirmation/error page with my current PIN displayed. To be clear, the second time I did this, all I provided was name, address, SSN, and DOB. I did not provide the PIN. I did have to answer some of those security questions you tend to have to answer when confirming your identity online (eg, "What bank is your home mortgage with?"), but the entire point of the credit freeze is to prevent people who may have that type of information from opening new credit. + +I wanted to warn people, that while the credit freeze is a still a good idea, it's not iron clad. It would also be nice if there was some pressure on Experian to change this. I googled to see if this was already documented, and was shocked to see this article from over a year ago outlining the exact same process working the same way. + +[https://krebsonsecurity.com/2017/09/experian-site-can-give-anyone-your-credit-freeze-pin/](https://krebsonsecurity.com/2017/09/experian-site-can-give-anyone-your-credit-freeze-pin/) +Some humor in the title there but the question still stands. Im a fairly young guy making a decent salary and i have been dreaming about getting into this business since i was a kid, and i just want to do it right. Im aware that it’s a journey but if someone who is experienced and been through things has the willingness to speak some wisdom to some knuckle head kid with too much money for his age. That would be priceless. +I’m new to investing and schd hold a little over 10% in my roth ira. Soo my time horizon is 40 years from now. Is schd a good choice for dividends growth over that period of time? +Edit: **TL:DRS: Citadel swaps are real and RC knows. Citadel is fukct, SHFs are fukct, banks are fukct, markets are fukct, the economy is fukct, its all fukct. DRS your shares and HODL.** + +I’m a quiet ape. I’ve been here since before the beginning, watching, buying, learning. I’m not a financial ape, just a humble ape with a knack for patterns and big pictures. [I have 496 shares purchased directly through CS and 100% DRS in my name](https://www.reddit.com/r/Superstonk/comments/xpkkhz/i_put_my_money_where_my_mouth_is_428_for_the_bot/). Everything below is my own due diligence, is not financial advice. We are individual investors who happen to share common end goals. I chose to share this theory because this community has given so much to me, most importantly this investment opportunity. We become stronger through community, through research, strength in numbers, and in anonymity. Internet points mean nothing to me and I’m happy to forever remain anonymous. + +&#x200B; + +**First, if you aren’t familiar with the Citadel Cycle Swap Theory, or need a refresher**, go read my posted titled [Citadel swap cycles, Headphones, the meme basket, and the tombstone tweet. A detailed look at how we got here.](https://www.reddit.com/r/Superstonk/comments/vn0kyi/citadel_swap_cycles_headphones_the_meme_basket/) "MEME STOCK" = Popcorn. At the time (due to my first post??) even "popcorn" was banned. The rest of this post will make a lot more sense and the read doesn’t take too long. + +Seriously, you’re doom scrolling Superstonk New upvoting purple circles, go spend a few minutes and read it. + +**Then go check out my short update on August 9th** [REVISITED: Citadel Cycle swaps and RC 11 dimensional chess. Recent action hints I was right?](https://www.reddit.com/r/Superstonk/comments/wkhitl/revisited_citadel_cycle_swaps_and_rc_11/) for a fascinating “in the moment” read on what was about to happen, and my call on BBBY. + +I apologize for the term “meme” but im lazy and for this post it works. I detest the MSM use of the term. + +# Tinfoil moon hats strapped on? Buckled up? Let's jump in! + +**Scientific Method** + +*noun* + +1. a method of research in which a problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested. + +&#x200B; + +https://i.redd.it/yngxh0n8nfq91.gif + +In other words, we have a problem: **The major market participants and regulators as a whole are complicit in criminal market manipulation to destroy companies and profit.** + +I’ve gathered the relevant data from Citadel’s own reporting and used readily available market capitalization data to spot a unique pattern. + +Next, we need a hypothesis to test. + +The hypothesis as outlined in my previous posts: + +1. **Citadel (among other market participants) are involved in large off the official books swaps involving GME, Popcorn, BBBY, EXPR, KOSS, BB, and NOK. Ryan Cohen knows this.** +2. RC Ventures has made two large GME stock purchases, each time causing these swaps with popcorn to flip against Citadel. Approximately 133 days after the first swap flip against Citadel, we had the January 2021 sneeze. +3. **August 15th 2022 was approximately 133 days after the swaps flipped against Citadel for the second time. Therefore, these stocks should spike and/or act oddly the week of August 15th 2022.** This spike or odd behavior should be less than Jan ’21 because RC ventures purchase was only 1.6% of the company vs 9.6% in August 2020. + +\----------------------------- + +**THE TEST PART I: SHOW ME THE DATA** + +Pictures are worth a thousand words: here are stock prices, last 3 months for GME, popcorn, BBBY, and KOSS all spiking exactly as predicted: + +https://preview.redd.it/0bnypf9fnfq91.jpg?width=1125&format=pjpg&auto=webp&s=fb69da195ac82717b7beaff6360e3922e5f7eb87 + +&#x200B; + +https://preview.redd.it/4y01qrsonfq91.jpg?width=1125&format=pjpg&auto=webp&s=1843e221a5ceab5858494a31319ec2316a17617a + +&#x200B; + +https://preview.redd.it/wo5duy6qnfq91.jpg?width=1125&format=pjpg&auto=webp&s=b139313e50c793e151b1341f52b601605059ba4e + +&#x200B; + +https://preview.redd.it/do4ngdpsnfq91.jpg?width=1125&format=pjpg&auto=webp&s=61d0b8e2abf14e37c94b1cb23ad7e9e4ffdffc6b + +And my favorite because no one is talking about EXPR, anywhere. It just magically follows and no one would be the aware if it’s buy button wasn’t removed in Jan ’21. + +&#x200B; + +https://preview.redd.it/cnkh2dxtnfq91.jpg?width=1125&format=pjpg&auto=webp&s=f120f9dbcca2a7426c29d001c726e747da33db8c + +Those are some very volatile yet coordinated jumps across a unique set of stocks. It seems like they are pulling up the entire market: + +&#x200B; + +https://preview.redd.it/0lcltravnfq91.jpg?width=1125&format=pjpg&auto=webp&s=ba49ff58d1816fc20b47befefa8eb0a754a72c49 + +&#x200B; + +https://preview.redd.it/fsqxxf6wnfq91.jpg?width=1125&format=pjpg&auto=webp&s=5a46434556e2378bc8274e53fe4bcc8660b137e4 + +&#x200B; + +https://preview.redd.it/5423mi3xnfq91.jpg?width=1125&format=pjpg&auto=webp&s=8d61999940aed0cdee35d09cbb0c970a1b319d5c + +Note: Crypto starts crashing on Saturday August 13th. Liquidity? HKD can only go so far (keep reading for the HKD tie-in) + +&#x200B; + +https://preview.redd.it/vphsky90ofq91.jpg?width=1125&format=pjpg&auto=webp&s=069f5d41ee37ed24933f61fa81183caa2d8618ee + +&#x200B; + +https://preview.redd.it/nigq20b1ofq91.jpg?width=1125&format=pjpg&auto=webp&s=6121912eae31d500499b9c37cf09f6dba1212a59 + +**THE TEST PART II: RC KNOWS** + +**A key piece of the hypothesis is RC’s awareness of these swaps and is making financial moves and communicating via twitter based on this knowledge.** + +[August 16 and 17th RC sells entire BBBY position for $68.1M profit.](https://www.thestreet.com/memestocks/other-memes/ryan-cohen-made-a-very-profitable-trade-with-bed-bath-beyond-stock#:~:text=GameStop%20Chairman%20and%20activist%20investor,after%20the%20news%20was%20released.&text=Ryan%20Cohen%20sold%20all%20of,halting%20the%20BBBY%20meme%20rally) This sale then causes the entire stock market to crash /s + +# Or + +It took nearly three weeks for Citadel and company to swallow the load and we appear to be back on the same algo downward slope as before that August micro sneeze. + +RC ventures has made four declared financial transactions, two GME purchases (technically August 2020 was two purchases 5,800,000 shares and 415,326 making it five total declarations), one BBBY purchase, and one BBBY sale. + +The two GME purchases led to sneezes and the only sale occurred during the second of these sneezes. I lost several nights sleep debating investing in BBBY options after my post in June, I didn’t. However, I think it was a win win for RC. He either gets what he wants from BBBY and can fight Citadel on two fronts, or he pulls the rip cord during the inevitable sneeze. He just needs to know which path within the 133 days. These are my own opinions and, I for one, am happy to see that gain porn! + +**RC knows. Warren Icahn knows.** + +\--------------------------------------- + +**CONCLUSION: HYPOTHESIS IS CORRECT, SWAPS EXIST AND MANIPULATE THE MARKET** + +>Both times RC ventures has made GME purchases, the swaps with popcorn flip against Citadel, and approximately 133 days later all hell breaks loose! To my knowledge, no other theory, or TA projecting this behavior. + +\------------------------------- + +# SO WHAT? Why does the Citadel Cycle Swap Theory matter? + +&#x200B; + +>**It means there are tens or hundreds of millions, maybe billions, of synthetic shares in the market.** +> +>**It means we must HODL! Patience is on our side** +> +>**It means that RC is watching and will strike at exactly the right time.** +> +>**However, for it to be the right time, we must first DRS.** + +&#x200B; + +https://preview.redd.it/7m67i817ofq91.png?width=940&format=png&auto=webp&s=47f730aec3e426134e73bf7a282bee1ffaac3a33 + +—————— + +Thank you for reading. At this time, please slowly and carefully remove your tinfoil moon hat and set it down. Close your eyes. Take a deep breath. Exhale. Breath slowly. Think about what you just read for a minute or...ten. + +**This theory actually isn’t crazy.** + +1. I’ve shown the numbers. +2. u/criand has posted dozens of amazing DD posts. [Go read everything he/she/it/they/them/etc has written here](https://www.reddit.com/user/Criand/submitted/) +3. [September 21st the SEC met to discuss swaps](https://www.reddit.com/r/Superstonk/comments/xil14x/interesting_discussion_going_on_september_21st/) + 1. Credit to u/French_Fry_Not_Pizza + 2. Take special note of the second paragraph: + 3. “**where investor holds long positions in corporate debt** \[GME stock\] **but also larger positions short positions via swaps** \[take my popcorn, i’ll take your GME and sell it short\].” + 4. That sounds exactly like Citadel Cycle Swap theory. Am I the only one? +4. Actually no, because this is exactly what [ARCHEGOS](https://en.wikipedia.org/wiki/Archegos_Capital_Management) was doing. +5. [What does the CFTC, swaps, and the number 741 have in common?](https://www.reddit.com/r/Superstonk/comments/xnz7f8/found_741_its_the_swaps_code_from_doddfrank_act/) + 1. Credit to u/edwinbarnesc  +6. [Boom](https://www.reddit.com/r/Superstonk/comments/xogeng/the_big_swap_those_who_do_not_learn_from_history/) + 1. Credit to u/Kikanbase  + +# BONUS tinfoil hat time: + +Remember that whole HKD thing? That was weird, really weird. Here it is to help refresh your memory: + +&#x200B; + +https://preview.redd.it/p8y6zd8bofq91.jpg?width=1125&format=pjpg&auto=webp&s=e80f25710647b3fde223549a6a45d7613bea36f9 + +It peaked August 2nd and returned to \~$200 on August 9th. If someone sold lots of HKD August 2nd and 3rd, trade settles August 4th or Friday August 5th. + +Monday August 8th pre-market and intraday spikes on all the meme stocks with huge volume. Go look at the charts above and the REVISIT post linked at the top. + +**GME Peaked August 8th:** + +https://preview.redd.it/9f5er65eofq91.jpg?width=1125&format=pjpg&auto=webp&s=e58834784a17f07ef3839d74c2cb55b58c7daf24 + +[And RC tweeted this](https://twitter.com/ryancohen/status/1557541659323248640) + +&#x200B; + +https://preview.redd.it/gla43ymgofq91.png?width=1186&format=png&auto=webp&s=e985374c01bca28656a07082c7b9ceb7e80a86c4 + +# Coincidence? Debate in the comments. +For those of you who are not entrepreneurs running your own show, what was the favorite non-monetary perk your company gave you as an employee? We all have heard about the free lunches, ping pong or massages. But what was it for you? + +Mine was when my company informed me there was no need for me to get approval for travel, even international. They trusted me to know when I needed to be somewhere. There was still an approval signature on the reimbursement, but it felt very empowering as an early 30's employee (but ten years in the company) to be trusted as such. + +But what has been your favorite non-monetary perk? +So much misinformation, confusion, unclearness and unanswered questions in the path to trying to become consistent, which the path in and of itsself is not clear. Can't just go to university to learn how to trade stocks.. It's all the much harder doing it alone with no mentor or coach to guide you what you're doing wrong vs right as well. I've read almost 7 books on this subject and still feel like there's so many unanswered questions when it comes to trading that aren't talked about in the books i've read. But to be fair i really don't think daytrading is as hard as becoming something like a doctor or lawyer, so i'll stay objective. To me, the reward of having the lifestyle and income is worth the pain going through. I also think every great day trader had endless struggling and confusion in the beginning, plus most small businesses fail. Trying to treat daytrading like a small business and survive in the long run, no matter how much pain and confusion i experience, i will not give up +I swear I'm living in a dystopian hellscape that instead of being happy that my wife got a $4 raise, we're sitting here trying to figure out how the fuck we're going to afford her healthcare now. It pisses me off so much that instead of being able to take rewards that she rightfully earns, we have to keep constantly beggaring ourselves so that she can continue to get her medication and healthcare so that she can work and you know we can pay for shit. I am just so fucking tired of living in a shithole country that refuses to have proper healthcare and instead is fine with wasting billions. + +Edited to add: Wife is currently on MAWD (medicaid for workers with disabilities) +Im in college on a full scholarship, food and accom included. No rent forseeable for a long time. I have lots of cash sitting around, I have been having a mini crisis recently regarding enjoying my youth etc. I have 25k cash and quite literally no expenses for anything, no car payment, no rent, no food costs. I can always make 25k back when im 35. I feel like 25k is worth way more at 19 than 35, especially with inflation. + +Would it be stupid to give up 25k and spend it on random crap now and enjoy life or just invest and forget. + +[View Poll](https://www.reddit.com/poll/ws1kcv) +I don't know what most of the words I just typed mean, but the gist is I'm sitting on the poverty line and curious if there are things investors do without thinking much about it to get modest amounts of passive income. I'm not looking for a "get rich scheme", just "oh I thought everyone was doing this already" kind of thing that a farm kid from the Midwest would really have had no way of knowing about. +I am currently in college and almost 22 years old, but since I'm going to be coming to the end of my college life at the end of this year, I have this delusional thinking pattern that once I finish school I have to move out of my mom's house and become an adult-adult. But even before I have my first job and learn how to do adult things like pay taxes and try to not go to jail for whatever reason when it comes to money and all the responsibility behind it, I get so fucking stressed. + +My biggest anxiety is not having enough money, making minimum wage, becoming extremely stressed and depressed and only living that way for the rest of my life and dying without enjoying life. Meanwhile, there will be people who make enough money and I'll be standing on the sidelines crying every day about the deadline of my rent bill that I CAN'T pay because I don't have the 100 dollars. And then I'll live in a cardboard box on the side of the road, but be too prideful to tell anyone just how much I'm struggling, so I'll suffer. +Hey all, I work at a FAANG company as a SWE making \~$320K a year. + +Age: 29 / Net worth: $1M / no kids + +For the last 1.5 yrs, I've been working on a side software business that now generates \~$120K in annual subscription revenue, with some deals in the pipeline. It's not highly scalable, but nor is it pure consulting / custom software. + +I own 50% of the business (partner does sales and gets clients). I negotiated a deal to work full time on it and make $150K for the year so we can make some product improvements and try to raise capital or go for an exit. + +Should I go all in and work on this full time? + +My gut says there's a 20% chance of raising > $2M to build a more ambitious product and a 20% chance we could exit for >$1M. This is a highly speculative guess. + +I could continue both the day job + side biz, and I'd have a clear path to increasing my net worth to $1.5M in the next two years. + +However, here's the cost: + +* It's been very stressful and challenging to do both my day job and the side biz. +* Won't have a real shot at an exit or a capital raise (need time to pitch & work on improvements). +* I strongly dislike my day job. I feel like I'm not learning much of value nor am I making the best use of my abilities. It's soul-sucking: I'm just there to pocket the earnings and increase my NW. + +It feels scary to walk away from $380K a year in total earnings. It's a lot of money and I remember the grueling stretch of interviews + failures I needed to get the job. + +What should I do? Sell my soul for a few more years? Or work on something more fulfilling and interesting for lower guaranteed earnings + potential upside? + +Thank you for reading and giving your input! I've learned so much from this community and appreciate any wisdom. +Hello, + +I only started investing a few months ago and that included dividend investment. I was so happy that I actually received dividends even though it was literally pennies, I loved the fact that I’m earning money from saving and actually having growth instead of just spending it on stupid things. + +I live in the UK so might not be on similar pay scales as the US but I can only really afford to pay £75 a month into my dividends portfolio and that’s now a stretch as I’ve quit my job last month. + +Although I am happy that I am now investing in myself and all but I just wanted to know will £75 a month really do anything for my future? +This weekend I had my first real world crypto conversation. I was out with some friends (we're all in our late 20s, early 30s) and someone in the group made a Bitcoin joke. A couple of other comments about it being a crazy phenomenon were made and I added my two cents as well; something along the lines of "well, the underlying idea is trustless, decentralized currency and I really like that idea in theory. I think the implementation needs to be worked on and they need to work on scaling it to handle transaction volume. But the real innovation is the underlying protocol and all the potential applications of the blockchain." + +Everyone looked at me with a blank stare for a few seconds. They had no idea what I was talking about, but then the questions started coming. Do you have bitcoin? Have you made money? Is it all a scam? What about these new bitcoins coming out, will they go as high as bitcoin? + +I answered the questions adequately, but didn't want to go too deep into the rabbit hole and didn't want to disclose my holdings. I'm the finance guy in the group so I was able to play it off like this was something I had picked up in the workplace. + +Here's my take away summary: + +* American millennials understand very little about economics and how our currency works. It just does and that's good enough for them. + +* All of them had heard of Bitcoin + +* No one in the group (7 people) personally knew anyone who had bought a cryptocurrency + +* Two of them had watched (together) the Banking on Bitcoin documentary on Netflix. They said it went over their heads. + +* None of them were aware of Coinbase + +* They referred to alt coins as "new bitcoins" and only one of them was aware of an altcoin by name - it was Ripple. + +* They had no concept of what a blockchain was or how it could be used for anything other than currency. The idea of industry specific uses cases were completely off their radar. I was asked, "so how do you buy blockchain?" + +* The conversation lasted about 10-15 minutes and by the end everyone had concluded that early adopters had made it big and the window was now closed and everyone else was priced out. None of them indicated that they would look into it more or had any plans to purchase. + +I don't mean to knock my friends, they are all college educated and are very successful in their respective fields (most of them more so than I). They're smart people and we had a great evening together. It just surprised me how uninterested they were. + +According to most of the crypto demographic research, investors are most likely to be college educated millennial males. I'm just not seeing that among my peers. I used to think that crypto would have to go mainstream at the grass roots level before it was adopted by the corporate world, but I'm beginning to think that scenario is less and less likely. + +So after this conversation, I began thinking about bubble talk and market caps and I think we're still very early. This is a new asset class and the sky is the limit. Novogratz said that the herd is coming, but they're still in the distance. I think Ethereum is going to be bigger than any of us could have ever imagined and even when it is, it may still be subject to the linux-phenomenon - everyone will be using it without knowing it. + +Hodl your ETH. Don't let the corporations or anyone else take it from you. You're holding a tiny piece of a very big pie. The name of the game for 2018 is accumulation. + + + + +I've seen a lot of posts recently in relation to March 17th. I understand that there is some significance and relation to the day based on RC's prior tweets about his dad and there surely could be some correlation to MOASS being on March 17th. Out of respect for Ryan and his family, who he seems to be private about, can we please avoid using them unless directly referring to the tweet he posted it in? Especially of his late father. Let's show some respect and courtesy for Gamestop's Chairman, it's the least we can do. + +Edit:the title is supposed to say "father," I can't spell. +Edit:~~unpopular~~ opinion +Matt K went on Fox Business yesterday. +https://twitter.com/tradestrey/status/1399803305757454338?s=21 + +Matt K today with Benzinga. +https://twitter.com/benzinga/status/1400547511044034562?s=21 + +Trey Trades went on Fox Business today. +https://twitter.com/matt_kohrs/status/1400513773216190464?s=21 + +Trey Trades to be on CNBC tomorrow morning. +https://twitter.com/tradestrey/status/1400613993006481412?s=21 + +Matt K and Kevin O’Leary exchange on Twitter: +(O’Leary seemingly supports apes but if you read between the lines, he’s setting us up as the ones causing the squeezes and not the shorts.) +https://twitter.com/matt_kohrs/status/1400492048210448393?s=21 + +The message these guys are spreading is also that we’re organized and forcing a squeeze. This sets us up as the bad guys in this saga even though it is the fault of the shorts if there’s a market collapse or crater. + +Also both Trey and Matt didn’t make any mention of naked short selling when they had the chance on national television. + +AMC ticker is spammed on MSM and GME isn’t even ever displayed or mentioned. + +In my opinion this shit is too coincidental and seems pretty sus. + +Not trying to spread any FUD here. I just found this very suspicious and wanted to bring it up here for discussion or visibility for those not following on Twitter. + +Edit: Yes, I know we shouldn’t be discussing theatre stock here but I’m using it as a reference to validate further how much GME info is being suppressed and naked short selling was entirely ignored as a topic as well. + +Edit 2: Okay so I just want to address the point a few of you made about these two YT apes not mentioning naked short selling to avoid being threatened or for legal reasons. In one of my comments below I wrote there are ways of saying it without saying it directly. Frankly, these guys didn’t even ‘try’ to hint at anything suspicious or wrong with the the stocks movement that first made people get behind them. No real reasons beyond “we’re sending a message”. For what purpose? I believe they could have said “on the surface it looks like stock movement of failing brick and mortar companies. But apes have been researching the stock and it��s a little scary what you find below the surface when you start digging”. Or even something more cryptic than that. Just enough to actually draw some attention to “well something is wrong”. + +To just simply say we’re sending a message to short sellers sounds like you’re proving the media’s narrative that apes are performing pump and dumps. I think Matt and Trey are great on their streams. I just think they not only missed a golden opportunity to put some thought into the message and deliver it but they also played right into the media narrative. Sure it’s David vs Goliath. But David is apparently doing a pump and dump…? +I updated my spreadsheets today for the first time since early December and the total came to **$100,803.34**! Six years ago I was living in my parents basement paying off student loans. I want to share how I got here since it happened in large part due to this subreddit. + +&#x200B; + +Some background on my life that influenced how I think about money: + +* My parents were very frugal. +* I was in a relationship as a teen (an abusive relationship… more on that later). My ex-boyfriend got kicked out of his home at 18. He put himself through his first year of college on scholarships, got multiple jobs to pay for food and an apartment. We worked at the same place, so I saw how he took on as many shifts as he could handle with his other jobs. It wasn’t healthy and he was definitely in a bad spot in life, but what I took away was that hard work, perseverance, and strict budgeting can get you what you need and want in life. +* My parents were straightforward with me about money; they paid for necessities, but I had to earn fun money. This meant a lot of my time outside of school went to jobs. I got my first job at 14 and have been working ever since. I had friends whose parents gave them fun money. They eventually weren’t my friends anymore because I “didn’t have time for them” … because I was working to make money so that I could do whatever activity they wanted. This was a good lesson in keeping people around (or not, in this case) who align with my values. +* I got scholarships to cover some of college, got jobs that covered parts of housing and food, and my parents covered what they could. I saw friends who took out loans for all of it and knew I wanted to avoid that, so I was smart about leveraging my good grades for more scholarships and jobs that covered costs. I took out loans when I needed to, which was thankfully rare. +* During college, my mom got very sick and ended up dying (more on this later). Long story short, how to pay for school, housing, and food was always on my mind. Money was always on my mind. I stressed about how to eat for the last two years of college. During this time I grew to hate relying on money. + +I didn’t know about FIRE at this point, but I knew I didn’t want to stress about money all the time. I decided whatever my career path was going to be, I was going to make a lot of money and then not have to worry. + +I want to pause here and acknowledge that privilege has played a huge role in my life and in my family’s life, specifically being white, having a financially secure family as a safety net (most of the time), and having a good education. My journey would not be the same without those factors in play. + +&#x200B; + +Okay, on to the numbers year by year. The networth is from the end of the year. + +# 2015 NW: -$12k + +* Graduated with an art degree with a concentration in graphic design, knew I was interested in web design, found a company doing tech-related things and took the internship they had available. This job is how I found out about UX, my now career. I’ll call this Job A. +* Salary: $38k +* Debt: -$12k student loans + +# 2016 NW: -$10k + +* Debt: -$10k - Paid off my student loans in 6 months. Bought a used car for $15k, $5k down in cash (thanks dad), and planned to pay the rest off in 3 years to build credit. +* Salary: $42k - I was very aggressive about getting raises. I was underpaid and knew our company’s finances favored squeaky wheels, so I was the loudest squeaky wheel. I don’t recommend the squeaky wheel approach. +* Job A often did not pay on time or in the correct amount, but the work was exciting and I loved my coworkers. I was learning more about UX and getting to apply those skills to real world projects. +* I moved from my parent’s basement to a relative’s empty house where I lived for free. + +# 2017 NW: $0k + +* Salary: $49k, then $63.4k later that year - Still at Job A, I got other offers and threatened to leave if I didn’t get a raise that matched. This was the only way anyone saw raises, and then when they did get the raise they were shamed for going about it that way. I do not feel good about this, but knew that I wasn’t getting paid fairly. Looking back, this company was taking advantage of it’s employees in more ways than one. I should have left around this time, but I didn’t. +* Debt: about -$7k +* Started contributing to a Roth IRA. +* This year I realized that my previous abusive relationship from high school had really affected me. I had repressed the abuse for almost a decade. I began seeing a therapist and was diagnosed with anxiety. +* Met my now boyfriend, which was the brightest spot of 2017. +* This was the year I made a reddit account and discovered FIRE, propelling me to spend less and make more. +* The free living situation was no longer an option, so I moved into an apartment with a roommate. + +# 2018 NW: $12k?? + +* Salary: $77k - I was moving into management at Job A and in high demand for my skill set regionally. This had me thinking about leaving. Also, the company was straight up abusing its employees, so I was balancing shielding my team from that and getting myself out at the appropriate time. +* Debt: about -$3k +* My therapist was crap so I saw a new person. Diagnosed with PTSD from the abusive relationship. +* This year I also had a very specific medical event that involved me not being able to walk for 6 months. That, combined with the PTSD stuff, really put me into a downward spiral. + +# 2019 NW: $37k + +* Salary: + * $90k at Job A - Quit Job A without a plan because my mental health was so bad and Job A was making it MUCH worse. I started a small UX consulting firm which was meant to be temporary. I did that for 6 months and made enough to live on. I was mostly focused on finding the right PTSD treatment during that time. I was only able to do this because I had some savings, which, given how committed I was to FIRE, was a big deal for me to burn. I am not sure where I would be if I had not taken this break from work/life. + * $110k at Job B - the company I’m with now. It offers benefits (Job A didn’t) so I can use more tax advantaged savings options. Still doing UX at Job B. + * Debt: $0k! Paid off my car. +* Found a new therapist and discovered I actually have Complex PTSD, or CPTSD. This therapist helped me put two important things together. First, I was in an abusive relationship in high school (although I didn’t know it at the time) and my brain repressed ALL of that. A decade later, 2019, I started having flashbacks of things I had no memories of. I started having panic attacks. Second, after this relationship is when my mom got sick. For two years before she died, every day, I thought “My mom might die today.” So this is what the therapist helped me figure out: For about three and a half years in my early twenties my brain was on stress high alert thinking something life-threatening was going to happen at any second. +* Moved in with boyfriend, so living costs went down. + +# 2020 NW: $85k + +* Salary: $110k plus equity (worth very little at the moment) + * Mandatory, company-wide reduction in salary for 6 months of 2020: $82.5k. +* Debt: $0k +* Got more serious about tracking where my savings/investment were going and how they are growing. 2020 ended with: +* Cash: $38k +* IRA/HSA/401k: $45k +* Other (life insurance, brokerage): $1,600 +* My therapist died unexpectedly, then Covid happened, my salary took a hit, and more medical problems happened. Initially Covid really helped my mental health, but overall has not. I found a great therapist halfway through the year and am seeing hope in the work and treatment we’re doing. The medical problems are being managed but I’m paying a fortune for healthcare (not a great year to choose HSA). + +# 2021 NW: $100k so far + +* Salary: $110k - I’m used to getting aggressive raises every year. I’m feeling the itch to go get another offer and bully my way into more money, but I know that won’t fly. I’m not used to working in a good culture, liking the leadership, and trusting the company finances. I definitely want to stay at Job B, so leaving just for a pay bump isn’t an option. I am working with an outside personal mentor who is coaching me to get what I deserve and handle it in a way that builds our culture rather than break it down. +* Debt: $0k +* Cash: $48k +* IRA/HSA/401k: $51k +* Other (life insurance, brokerage): \~$2k +* Total NW right now: $100,803.34 +* My partner and I are looking to buy a house (we rent) and that is not going well in the current market. We’re planning to keep an eye on things this year and hope for more inventory, but buying in 2021 would be ideal. +* My health, mental and physical, remains a concern. I am seeing improvement on all fronts, but it keeps me up at night. FIRE means nothing if I don’t have my health. + +# Some other stats: + +* Late 20s woman in M/LCOL area. +* FIRE goal: $3.3MM by age 45 at 3.6% WR for annual spend of $120k. This goal is for my partner and myself. Our combined NW is ~$250k right now. +* I don’t budget much. I have tried every method out there and none stuck. My version of budgeting is I have a spreadsheet where all my fixed expenses and variable expenses live. Those total about $2.5 - $3k per month and that includes savings for Roth IRA and a couple hundred bucks for my savings account. I know I spend a lot on food, but in Covid times I’m fine with that. I am happy to spend money on good quality meats and takeout from my favorite places when there is no place to travel. +* My savings rate is near 25% - 35%. +* Planning to get into investment properties as a way to make more income (with my partner). + +&#x200B; + +I am so proud of using my art degree in the tech world and being able to make a living off of it. I was originally in school for something else, but my mom was planning to go back to school for her dream career before she passed away. She regretted not doing that sooner. When she died I knew I would regret not going to art school, so in a way my whole journey is a reflection of the bold choice she was about to take. I have to thank both my mom and dad for encouraging me to "do something with computers," even in art school. That advice directly led to my career in UX. + +Writing this was a surprising reflection on how much CPTSD has affected my career over the last several years. It often feels like it’s impossible to have a job and handle CPTSD. I look back on this post and see that I can handle a job and manage my mental illness - it is possible! + +To those of you that made it this far, thank you. The only person in my life I will tell about this milestone is my partner, so it felt natural to share it with you all too. Thanks for reading! +https://www.cnbc.com/2020/09/22/biden-calls-for-401k-tax-break-overhaul-what-it-means-for-you.html + +tl;dr Biden is proposing that 401k contributions get a credit based on a flat 26% tax rate. Assuming you're in the 37% marginal tax rate and contribute $19,500, this means you'll pay $2,145 more in federal taxes. + +I'm hazy on whether or not this would mean more people would end up with a higher AGI (and thus a higher marginal tax bracket in general) or not. Details matter. + +The upside is that the majority of taxpayers would see a benefit on their taxes, thus boosting both the stock market and the overall economy. +There's one thing I've noticed about this bear market is that all this "Eth killer" speak has been hushed to mere whispers. The biggest Cardano and Solana fanboys have been faced with the bitter truth. Their asset is incredibly over-valued. Their networks bring nothing but centralization and empty promises. Solana a "decentralized platform" had 30,101 against taking control of one person's $170m SOL and 1,155,431 in favor of this. one individual person had 1 million votes. Safe to say I wouldn't be touching Solana with a 10 foot poll. People are beginning to realize this. + +Cardano promised thousands of dApps. Why are there only 579? Where are all the promises? Don't get me wrong I feel incredibly bad for people who are down during this bear market but it is necessary. When the tide is low what is beneath the surface comes to light. over-valued assets will be cut down and rock solid fundamentals will remain. Despite the market conditions, The sentiment towards Ethereum is more bullish than ever, when the index is at massive amounts of fear. Belief towards Ethereum remains rock solid, why do you think that is? + +I'll tell you why, Ethereum's fundamentals are rock solid and will remain rock solid despite market conditions. The merge is around the corner and sharding is coming. This will make Ethereum and scaling solutions like Polygon as well as their ecosystems even better. Ethereum is building towards dealing with technical limitations and will remain the bedrock of web3. Not only does it have it's own ecosystem but is the foundation to many other L2 ecosystems. Polygon has put 1B$ towards ZK research, Loopring, ALGO, Optimism and every other L2 or scaling solution is putting in work. + +I've always liked Ethereum but now I love it. This is what is going to be making it throughout all this. We keep improving, we keep building and we remain fundamentally rock solid with all the utility a man can ask for from his blockchain. +**TLDR: Got sick of managing a diversified portfolio, made a Binance trading bot that handles it for you.** + +[https://www.hodlbot.io +](https://www.hodlbot.io/?utm_source=reddit&utm_medium=social&utm_campaign=cryptomarkets-subreddit) + +Over the Christmas break I realized I was spending close to 5 hours a month manually rebalancing my portfolio of ~20 cryptocurrencies weighted by market cap. + +I got sick of that pretty quickly so I decided to make a bot that +uses Binance’s API to automatically handle that. For the memes, it’s called HodlBot. + +A few months later, I’m releasing the hosted version of the bot. Now anyone can put their trade-only API keys into HodlBot, and it will automatically trade into the top 20 cryptos. It will also handle monthly rebalancing automatically. + +**What does the algorithm do?** + +The algorithm take the top 20 coins and assign each coin a % allocation based on their weighted market capitalization. + +Then it caps every coin to be at most 10% of the total portfolio value. Anything above 10% gets redistributed to all the coins below by weighted market capitalization until the entire sum of the portfolio adds up to 100%. + +**What’s the minimum amount I need to have in Binance?** + +$200 is the minimum. + +**How much are Binance transaction fees on rebalancing?** + +I simulated monthly rebalancing on a 3 year period, and found that the average transaction fees were 0.26%. + +This can be higher or lower based on how volatile the market is in the future. The theoretical max is 1.2% (if every coin in the top 20 turned over every month). + +**How much does it cost?** + +For the first month it’s $1. Afterwards it’s $10 per month. We don't take a % fee. + +**Will HodlBot diversify all the cryptos on my account?** + +Yes. If you want to keep some coins separate, you'll have to move them to another account. + +**How can I trust HodlBot with my API keys?** + +We encrypt the keys on our end. Also we don't require withdrawal permissions, just trade-only. + +**More Info:** + +I dig into the portfolio construction and share the algorithm in this blog I wrote here: + +https://medium.com/@AnthonytXie/hodlbot-cryptocurrency-investing-on-autopilot-dce2e4c9a7f7 + + +Hi guys, why is technical analysis so popular these days? + +I mean, technical analysis doesn't make any sense and watching candlestick charts with daily volume will not tell you absolutely anything about the company, and it certainly doesn't predict the future. + +Thank you for the answers. +In my opinion, the current system of student loans don't align the student's interest of getting a high paying job with the school's interest of making money because the school is guaranteed to be paid by the federal government. A college education could be viewed as investing in a startup where most of the value is intangible, so equity financing seems like a good solution. Instead of taking out a loan, the graduate pays X percentage of their gross income to the school for N years. The government wouldn't be involved economically, but it could enforce legal restrictions to close loopholes that hide income. You can even have forced withholding to make sure people don't overspend their budget that they can't make the payments, but the end result is the cost of your degree is solely based on much that degree increased your earnings. There are probably still some loopholes like intentionally taking a minimum wage job to run out the clock, but in general the graduate is incentivized to earn more money as long as marginal utility from working more is positive. + +The equity scheme is also similar to progressive taxation because unlucky graduates who didn't find a high paying job pay less than the lucky ones that did get. Some tech schools like coding bootcamps already have such a payment structure where the cost is based on your salary after graduation rather than a fixed amount of debt. + +Why or why wouldn't this work? +I’m not too well clued you on economics but if there’s one thing I hear a lot about it’s national debt. When does this debt become dangerous? +And what are the solutions to it? +Been here since January 2021, and guess what? + +I'm chill as f$%@ right now. How about you? + +2022 is going to be the year of the activist investor. IDGAF if you don't like the term, get used to it. + +The "Diamond Hands" needed where we're going, requires more fortitude than money alone can provide. But i'm going to happily take the money too. + +“I support these retail investors, their ability ***to make a statement***.” - Keith Gill + +Last Edit: This is THE ONE [https://www.reddit.com/r/Superstonk/comments/sbb0fi/popular\_opinion\_the\_sub\_is\_fine\_apes\_are\_fine/](https://www.reddit.com/r/Superstonk/comments/sbb0fi/popular_opinion_the_sub_is_fine_apes_are_fine/) + +Edit: I'd just like to add. Do you wanna know why "top dd writers" went dark? Same reason DFV went dark. They've given what they can. The info was fucking amazing. It's very appreciated. And that's it. No need to expose themselves more than is necessary to this media/government manipulation. Fuck em if they think they're getting away with this crap anymore, cause they're not. Certain people will return one day, mark my words. + +Oh and btw, look how retarded I am. I wrote "chalk" instead of "chock" and "cmpletely" instead of completely, and didn't even notice. Good fucking luck with this sort of stupidity. Shorts r truly fukt + +Edit 2: I should add. This guy is sorta right. [https://www.reddit.com/r/Superstonk/comments/sb49l2/unpopular\_opinion\_this\_sub\_has\_devolved\_or\_is/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sb49l2/unpopular_opinion_this_sub_has_devolved_or_is/?utm_source=share&utm_medium=web2x&context=3) + +I'm all for fun and memes and hype up videos, but DD and INFORMATION should ALWAYS take precedence. I wish the Mods, could keep all that good shit at the top. That said, I think everyone is still here and chillin. + +Edit 3: I have to wonder if the post I just referenced is actually just cleverly disguised FUD. Devolved? If anything, it's evolving. Meh, don't care. I'mma DRS more this week. +[Part 1](https://www.reddit.com/r/Superstonk/comments/o2xz48/the_sun_never_sets_on_citadel_part_1/) | [Part 2](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/) + +&nbsp; + +First, apologies for the delay. This took a lot longer, but for good reason - so read on. Also, mental health is important, ape gang, we live in interesting times. Take care of yourselves. + +&nbsp; + +*Note: DRS IS THE MUTHAFUCKIN' WAY. I've moved 100% of my personal shares to ComputerShare. [Don't let all of the Citadel talk distract you](https://i.imgur.com/VeAd7b0.jpeg) from how effective DRS is (not financial advice - just some wild shareholder shouting)* + +&nbsp; + +#Preface + +##Apes, this one is long. But the payout is ***W I L D***. + +This is **a 2 part piece** that aims to tie together Citadel's different operations and strategies and present *why* and *how* this ties to $GME. **It continues into Part 4** (guys I'm sorry I'm a giant fucking tease). It's not financial advice. + +I am citing excellent DD from other Apes. **I’ll give credits in the comments** because tagging them won’t notify them. Everyone's DD has its own merits but also contains another piece of the puzzle. + +&nbsp; + +So... you ready? + +&nbsp; + +*** +*** + +#3.0 Introduction + +The price of $GME is artificial. Prior posts have shown how wholesale Market Makers (MMs) – Citadel and Virtu – have captured a controlling stake of the securities marketplace. **Citadel’s assets and risk appetite gives them a chokehold on the exchanges, and offers them influence at the heart of the market: prices. However, by solely supporting so much volume, Citadel is creating functional dependencies which only they can fulfill. There is no single firm that can compete with their offering and volume – for better or worse.** + +&nbsp; + +Buckle up. + +*** +*** + + +#3.1: The Throne Room + +**Put yourself [there.](https://i.redd.it/a3zj2h6s27q71.jpg)** You are in the Citadel Securities trading desk with all their tools at your disposal, and your entire career is on the line. A quote pops on the screen: + +* *420 shares of $DOOK at $6.969 – bid* +* Wat do? + +***This is where our journey starts. You are the maestro, and all of Citadel’s actions are like keys on a piano.*** + +* First you decide the "where" of the trade: + * exchange/lit venue + * dark pool + * internalize + +* Then you decide: + + 1. *Order type* (venue-restricted) + * [Order type overview](https://www.investopedia.com/terms/o/order.asp) | [More](https://www.investopedia.com/trading-order-types-and-processes-4689649) + * *Price* + * NBBO limitations – [NBBO](https://www.investopedia.com/terms/n/nbbo.asp) price “goalposts” for trades + * Bid/ask spread + * Costs, venue coupons, profit, other factors + * *Trade framework* + * Venue responsibilities (i.e. MM obligations) + * Other limitations (i.e. regulation limits, rule violations, reporting requirements, etc.) + * Solo order / combo order + * *Hedging* + * Best hedge – options or shares, sell/buy, quantity + * “naked” hedge – not hedge at all ¯\\\_(ツ)_/¯ + +* (Note: if the quote is spread across several venues, or if you are sourcing the other side of the trade, then you will be looking at these variables.) + +* (*This is not an exhaustive list.*) + +Obviously, **the goal is to maximize profit.** The right combination will let you arrive at the most profit. Whatever you plan, we'll call that **your play**. + +* The job will be to set up a system of plays that generate profit EVERY TIME. +* But… there’s a catch: + +&nbsp; + +You’re doing it at volume. + +&nbsp; + +*What kind of volume?* + +* [WATCH: this is a *fraction of a second for a single ticker* (AMZN):](https://i.redd.it/iuxh7unu2nb71.gif) - [sauce](https://www.youtube.com/watch?v=-DvwrmvGdpY) + * Look at the clock in the video. This is ***less than one hundredth of a single second for one ticker***. + * NQEX is Nasdaq exchange. Remember: Citadel does almost as much volume as the Nasdaq. + +The volume an MM deals is *insane*. + +**Volume is king**. + +*** + +#3.2: The Regicide, I + +Your opponent is obvious: **risk**. + +* And what makes being an MM risky, since they’re only dealing with fractions of a penny per share traded? (if it wasn’t already evident) + +**Volume.** + +* You can lose a lot of money verrrrry quickly (guh). + * To illustrate: there's speculation that Citadel’s entire naked short position in $GME was due to a brief formula “glitch” – yikes. (This anecdote is only speculation, but shows how real the risk is.) + +**Citadel views risk as their primary opponent. Their volume makes it that much riskier.** + +* Citadel is in a position where it has volume for ***every second of every day for every ticker it has available to trade.*** It trades after hours, OTC, internationally, not to mention krypto assets... +* Citadel has invested in substantial infrastructure to handle this volume - but it’s only useful if it is profitable. +* Their goal is to create the opposite of risk: **CONTROL** and **CERTAINTY** (*remember this*). +* Or said another way, it is trying to achieve “not losses”, lol. + +These images speak for themselves: [1](https://i.redd.it/56kqt4eb6ld71.png) | [2](https://i.redd.it/qm5wkbml6ld71.png) | [3](https://i.redd.it/jbg3gxr46ld71.png) + +&nbsp; + +Something is different about Citdael's risk, however. + +* Transaction volume is limited. So as Citadel takes more and more transactions, it absorbs the risk of that volume, +* and at a certain point, Citadel is no longer assuming only the risks of those transactions... + +**Citadel is absorbing the risks of the entire market.** + +* Do you remember [this image?](https://i.redd.it/idkn9cchpn571.png) +* The flip side of that massive volume is: ***Citadel is absorbing almost as much risk as every transaction on the Nasdaq.*** +* Think: ONE COMPANY handling the potential losses of every transaction on the US’s second largest exchange. + +&nbsp; + +**It's as if the entire market is concentrating its risk on a single firm.** + +*What could go wrong?* + +*** + +#3.3: The Royal Navy + +*Uhh… so how does Citadel, like, do it?* + +* There is no simple solution. They address every risk individually. +* Citadel has assembled a massive technological infrastructure, piece by piece, to this end. + +I anticipate they have systems for objective risks, like: + +* *Robust price modeling for every security they trade in* + * i.e. how likely is a security to change price and by how much + * ...taking into account TA patterns, Elliot waves (s/o u/possibly6), other factors... + * (for example, [here is a paper](https://iextrading.com/docs/stoikov_micro-price.pdf) that dlauer linked in one of his posts, a heady read on the considerations that go into pricing models.) + +* *Cost-benefit analysis* + * What is the cost range, variables, upside, and exit target for a given position? +* *Projections and simulations* + * risk/reward variables + * impact assessments that consider repercussions + +I also expect they have systems for subjective risk (better known as **opposition research**) including: + +* *Player modeling* + * ascertaining another player's positions & interests +* *Strategy mapping* + * other firms plays based on available market data, insider info, deductive analysis +* *Counter-strategy* + * Threat analysis – who is in position to undermine Citadel’s plays + * Attack strategies – how to “combat” opponents of Citadel’s plays + +&nbsp; + +**Too far?** + +* Here is a revealing [quote from **2007**](https://dealbreaker.com/2007/12/would-you-make-citadel-your-prime-broker): + + > One hedge fund manager we spoke with this morning laughed out loud when we asked if he would run his trades through Citadel. + > "***Then again, they seem to know my positions and strategy anyway.*** So why not? Maybe they'll accidentally tip me off," he said. [emphasis mine] + * (*Note: While this article refers to Citadel’s hedge fund, there has been no statement made that Citadel does not share its information between its various companies. They have only stated that they do not execute* [trades between companies](https://outline.com/StRbPa)) + + +**So what does competing against Citadel's technology even look like?** + +* Given Citadel’s best-in-class risk assessment, are you really “beating” Citadel in a trade? Or are you just taking the losing side of a bet? (i.e. absorbing risk Citadel is unwilling to take - a bad bet) +* Also, technology becoming more sophisticated means fewer individuals able to build those kind of systems - a smaller talent pool. + + > *Only a few people out there really have the technical competency to design these features. Way less than 10.* – [Haim Bodek](https://en.wikipedia.org/wiki/Haim_Bodek) - [sauce](https://www.youtube.com/watch?v=kFQJNeQDDHA&t=168s) + +* Citadel gains an advantage by cornering the market on talent, depriving the market of people who can build these systems. + +**Basically, Citadel's technology is in the business of deterring competition.** + +* Better technology not only allows Citadel to "beat" their competition head-to-head in trades, it also allows them to capture more volume – meaning less volume for everyone else. +* This becomes a destructive cycle for competitors: + * Less volume -> Less revenue potential -> Less attractive to investors/clients -> Less capital to invest -> Less attractive to talent -> Competitive disadvantage -> Less volume captured +* ...and becomes a virtuous cycle for Citadel: + * More volume -> More revenue potential -> More attractive to investors/clients -> More capital to invest -> More attractive to talent -> Competitive advantage -> More volume captured + +Citadel is leveraging their technology to manage risk, but is also preventing other firms from acquiring the assets (capital, infrastructure, intellectual property, personnel) required to compete against them. + +And if you haven't noticed, addressing every competitive risk has *one* outcome: +&nbsp; + +>!*A monopoly.*!< + +*** + +#3.4: Twin Kingmakers + +So, have you figured it out? Did you see what the key ingredients are for winning a trade and beating risk? + +There are two (*remember these* - and technology addresses both of them): + +**INFORMATION** + +* All of the modeling & pricing is about getting the RIGHT information – the right risk assessment, the right price, the right timing… +* …while LOSSES are all about WRONG information - the timing was wrong, the price was wrong (bitch), the risk assessment was wrong. +* Whoever has the better actionable information is in position to win. Every time. + +**SPEED** + +* Every transaction operates on a “first across the line” system: the first accepted quote wins. + * It doesn’t matter if a better quote arrives 1 nanosecond after a transaction is completed. +* Also - the first across the line IS the information: the winning quote becomes a trade and prints to the tape. +* So being the fastest to quote can win the transaction (first across the line) AND can bend the information (tape) to your favor before the opposition can react. + +&nbsp; + +Pretend that you could freeze time. At that single moment the [quotes in transit from the exchanges are also frozen.](https://i.redd.it/bv8yqzgilud71.png) + +If you were positioned at both ends of the quote line, you could gain superior **information**: + +* You know where a quote is headed and when it will arrive. +* You know which was the highest/lowest price. +* You also know how a given price will change (up or down). + +(This gives you *advance knowledge* for your plays.) + +If you could also ACT while time was frozen, you would enjoy superior **speed**. You could use the above information to: + +* Cherry-pick the price/exchange combo that met your goal: + * Buy at the lowest price / sell at the highest price + * Use the best exchange (transaction structure, order type, reporting speed, etc.) + * Benefit from up/down price movements +* But since your actions affected your situation, you could also: + * Buy/sell shares ahead of demand + * Change the price to your favor (buying in a way that moves the price higher/lower) + * Affect opponent’s positions, risk equations, etc. +* ...and so much more! + +This is called ***latency arbitrage***, or, profiting off of a delay in information by moving faster than the information travels. As long as you could move faster than your opponents you would enjoy a severe advantage in the markets ([OODA loop, anyone?](https://fs.blog/2021/03/ooda-loop/)), and… + +…you could create **control** and **certainty** in your transactions. + +&nbsp; + +*Fortunately this doesn’t happen because exchanges are a competitive, level playing field...* + +&nbsp; + +*...right?* + +*** + +#3.5: The Anointers + +Exchanges are for-profit. And these days, clients demand more than just a venue. [A lot more.](https://i.redd.it/db8oemaarzc71.png) + +* It turns out that exchanges now only make a minority of revenues from “exchanging”... +* ...and the majority of their revenues come from related services: [NYSE](https://i.redd.it/53i3oscerzc71.png) | [Nasdaq](https://i.redd.it/p0ow7k7ta3q71.png) +* So, "other services" are exchanges’ primary business now. + +*Wait… did you just say “exchanging” is no longer the EXCHANGES’ main business? What are these “other services”?!* + +* Let’s take a look. Hmmm…. + * NYSE doesn’t really [mention much](https://i.redd.it/ixfb1oom83q71.png) + * Let’s look at [Nasdaq](https://i.redd.it/99g7b8vgjjp71.png) + +*”Colocation" and "microwave technology”? What are those?* + + * [Huh, here’s colocation...](https://i.redd.it/vytcf9sge0d71.png) + * ...and [microwave technology.](https://i.redd.it/axtvp3bkd0d71.png) – [sauce](https://dailyhodl.com/2020/01/19/algorithmic-trading-from-microwave-technology-to-colocation-and-neural-networks/) + * Looks like the exchanges are selling *information* – data feeds and real-time information – and *speed* – faster access to transactions. + +&nbsp; + +*[Holup](https://c.tenor.com/l-ahhNsT778AAAAd/hold-up-tf.gif)… the exchanges are selling INFORMATION and SPEED?!* + +&nbsp; + +Yes, the NYSE and Nasdaq are selling the ingredients to win transactions because, [guess what makes more money than exchanging?](https://i.redd.it/f8v960e677q71.png) + +*Whhhh... how can they do that!? Who are they selling it to!?* + +* NYSE does not disclose their client list +* Nasdaq only mentions they don’t have any clients who account for “more than 10% of their revenue” (*…so we can assume one client makes up for 9+% of Nasdaq’s revenue, lol. Wonder who?*) + +But we can figure out some key microwave dish factors. Let’s do some maths: + +* [Here](https://www.nyse.com/publicdocs/Wireless_Connectivity_Fees_and_Charges.pdf) is the NYSE price sheet for microwave usage. [Here](https://www.nasdaqtrader.com/content/productsservices/trading/colo/nasdaqcmemicrowavefaqs.pdf) is the one for Nasdaq. +* The top package at NYSE – the US largest exchange – costs **~$0.09 per second** (at 20 trading days/mo). +* That requires **421,200 shares traded @ $0.005 profit per share traded, per day**. +* This is the cost for the fastest speed – not regular “slow” trades (i.e. you need to do enough fast trades to justify your need for speed, lol) + +**No, I’m sure it’s a long list of companies that can profit from 400,000+ shares/DAY at** ***extra fast*** **speeds on a** ***single exchange.*** + +&nbsp; + +The gamers here know what this means: + +&nbsp; + +>!*Exchanges are running trades as “pay to win”*!< + +>!*...selling the ingredients to win trades with - which gives more money to win even more trades with, which gives them more money to win even more...*!< + +>!*[here's a visual](https://i.redd.it/p3hpwtfae3q71.png)*!< + +&nbsp; + +But wait, there’s more! + +* Since it is a major source of revenue for them, exchanges know EXACTLY how their customers are using their services. +* So they know how Citadel operates and what they are doing with their systems… +* …and they know that Citadel – moreso than any other player – has influence in other products and exchanges (it’s literally why they need the microwave technology)… +* …as well as having access to other OTC channels, such as dark pools and ATS’s… +* …and are internalizing transactions at a massive scale. + +That’s one part. Then, when you remember that the NYSE also... + +* Provides Citadel with MM powers that further allows price-affecting activities +* Equips Citadel with 1 of only 3 DMM roles – in exchange for fees – which has [far-reaching powers over securities’ prices, beyond an MM’s](https://i.redd.it/n16pu83yiw571.png) +* ...in addition to selling bulk microwave access to Citadel, + +…the whole picture starts coming together. + +&nbsp; + +>!**Citadel, and Virtu, have all the tools to influence securities’ prices.**!< + +>!**Because the exchanges are providing it to them, so they can each increase their profit.**!< + +&nbsp; + +Don’t believe me? Maybe you should believe [one of the guys who set up Citadel’s systems.](https://i.redd.it/4gm6jijdkbp71.png) + +&nbsp; + +[WHAT THE FUCK](https://i.redd.it/pb3kfhpkeud71.gif) + +&nbsp; + +“Free market” + +&nbsp; + +[Note: this barely touches the subject of high frequency trading (HFT), which there is plenty to [read about](https://www.reddit.com/r/Superstonk/comments/n6z8rs/recommended_reading/) (I’ve mentioned him a lot, but I can’t recommend u/dlauer enough. Check his tweets). What’s important to note is that the exchanges in some instances make **more money from selling speed/info than from the transaction itself**. The Nasdaq even mentions in their 10-K under “Conflicts of Interest” that **it oversees one of the primary channels/standards of data distribution** – WTF.] + +*** + +#3.6 The Throne Room, II + +So that order on the screen: + +* *420 shares of $DOOK at $6.969 – bid* +* *Wat do?* + +Naturally, you set up a system that profits from latency arbitrage. You front-run transactions. You [internalize](https://www.investopedia.com/terms/i/internalization.asp) as much as possible. Not only because internalization doesn’t incur exchange costs, but because you can influence the price even more, moving specific transactions either to lit exchanges or off-exchange (OTC) to your advantage. + +* Most MM transactions have tiny, well-measured risks. The vast majority of their trades are quickly closed, avoiding exposure. +* The impact of these is also incredibly small: fractions of a penny, either profit or loss. +* However, taken in aggregate, **a volume** of trades (especially at speed) can influence a security's price. +* And since your entire business is tied to the micro-variance in prices, if you can push prices - even in minute ways - you can grow your profits. +* Have I mentioned that MMs can hold their own positions? i(.e. they can hold securities for as long as they want to(. Holding a position or [delaying a trade](https://www.reddit.com/r/Superstonk/comments/nrh013/liquidity_providers_and_market_makers_and_how/) for even a few fractions of a second could net even more profit, especially if you are gently directing it in near-undetectable ways. + +But… + +&nbsp; + +...there’s still risk. + +&nbsp; + +Other players can still win transactions. Holding a position exposes you to potential downside. And Citadel is still exposed to market wide events. + +&nbsp; + +* *So… what now?* + +&nbsp; + +[*Soooo.... you ready for the good stuff?*] + +*** + +#3.7 The Subjects + +Taking a step back - the “market risks” Citadel still faces are not iMpOSsIbLe unknowns: + +* The risks are unintentional groupings of trades, buying and selling products at prices and times that Citadel didn’t anticipate. +* Usually the risks are other players blindly acting in lockstep or changing positions: + * it's banks and brokers, who are following instructions of their large investors + * or they are responding to the whims of their “retail” client interests. +* Citadel needs to account for these risks. + * While they have other ways of keeping track of large investors (***more on that later***)... + * ...**Citadel has no retail clients.** + +So how can Citadel get ahead of retail trends? + +&nbsp; + +Think. + +* If Citadel… + * …internalizes more volume than most lit exchanges, + * controls for risk with sophisticated technology, + * constantly takes the other side of trades due to MM responsibilities, and + * handles a volume comparable to the Nasdaq, +* ...then, all that’s missing is a broker. + +Maybe, maybe, maybe... + +* Citadel could sign up a broker in such a way that... +* ...clients believe they are dealing with the broker... +* ...but are actually interacting with Citadel,... +* who "acts" like the market and executes all of the orders. + * (Citadel could use them as their little "control bubble" of retail clients) + +**So could Citadel use a broker as a "cutout" to access retail clients?** (Since they already have everything else they need.) + +&nbsp; + +>!*This is* ***Payment for Order Flow*** (PFOF)!< + +>!(But it's more than just paying for clients - read on)!< + +&nbsp; + +“Payment” means Citadel is paying brokers to route transactions to them, so they “own” the orders. + +* Citadel gets the *transactions themselves* (i.e. is obliged to fulfill), plus the retail information. + * These transactions have already been "won" by the vendor (Citadel)… + * …which provides Citadel additional volume, profit, and price control… + * …and takes yet more market share from the competition, because the PFOF demand never hits the open market (i.e. completely non-competitive) – it can be internalized. + +* (And of course, even though it has total control over the orders, Citadel only acts in the best interest of the clients... + * ...and would never [maximize profit](https://jp.reuters.com/article/us-usa-stocks-probe-exclusive-idUSKCN0Y11CJ)… + * …at the [expense of the client!](https://www.reddit.com/r/Superstonk/comments/opphr6/shitadel_caught_delaying_orders/)) + +**It’s a monopoly in the micro, as Citadel moves toward a monopoly in the macro.** + +But it's also *really profitable.* Citadel discovered that they get much more out of PFOF: + +* *Speed:* Citadel gains *entire seconds* of transaction time (remember, they are used to dealing with 1000x less). Or it can disregard speed altogether, because it has "won" the transaction as a foregone conclusion. + * You or I might not care if our personal transaction took .5 of a second or .8 of a second, or even 2 seconds. Citadel does. +* *Information:* with enough retail volume, Citadel can anticipate retail trends. +* *Certainty:* since PFOF uncovers retail behavior, it removes an upstream risk; they’re less likely to get caught off-guard in their plays. + * PFOF means Citadel can likely anticipate retail *better than their competitors.* +* *Control:* since PFOF orders are not going to the competition, Citadel can exclusively reap the benefits of these transactions - to the disadvantage of the rest of the market. (Not to mention that it makes hiding other nefarious activity easier... ^^C^F^D ) + +There are many benefits of PFOF for Citadel. + +&nbsp; + +But you wanna know what Citadel is ***really*** getting from PFOF? + +&nbsp; + +>!***Leverage.***!< + +&nbsp; + +Citadel isn't paying for order flow because it doesn't want to compete, **it's paying for orders so others CAN'T compete.** + +* Citadel “owning” the volume is a foregone conclusion that the competition CAN’T beat them on. +* So competitors won’t have the technology to handle the volume, because there is no volume to take. + +***THERE IS. NO. VOLUME. FOR. COMPETITORS.*** Citadel is sucking the air out of the room. + +Think about it. All of the issues apes are having with long wait times for DRS – it’s because of Citadel’s PFOF: + +* Brokers are contractually obliged to send trades to Citadel, but +* they are also operationally dependent on Citadel (their systems are integrated with Citadel’s fulfillment), +* and they are also financially dependent on Citadel’s PFOF revenue, +* while there is no competitive replacement available. + +It’s like Amazon vs. Sears, where Sears is 30 miles away and everything costs $5 more. Or the Sears went out of business because everyone was buying from Amazon. + +* (don’t mean to hit a sore spot, just an analogy) + +*But… but surely the brokers can do* ***something?*** *Don’t they have their own trading desks? Couldn’t they go to Virtu?* + +* Why would you go to Virtu if they are a slightly worse offering and are also aligned with Citadel (i.e. exposed to the same risks)? It’s paying the same for less. +* In house? You cut back on your trading resources when you signed up for PFOF, so it’s not there anymore. Because why would you have your own trading infrastructure when Citadel does it better *AND PAYS YOU FOR IT*? + * (...not to mention that having your own trading desk makes you a [*competitor* to Citadel on exchanges.)](https://c.tenor.com/iI6e0e3gv6cAAAAC/house-of-cards-underwood.gif) + +&nbsp; + +This is Citadel's gameplan for capturing the transaction market: **creating dependencies.** + +* **Brokers** become dependent on Citadel to fulfill the trades (operationally dependent), but ALSO on revenues from PFOF. +* **Prime Brokers** become dependent on product selection and availability via Citadel Connect +* **Exchanges** become dependent on Citadel for their best-in-class MM services +* **Exchanges** become DOUBLY dependent on Citadel for their revenue in "other services" (since "exchanging" isn't their primary business now) +* **The market** becomes dependent on Citadel's technology to fulfill industry-wide volume +* ...and **countless clients** depend on Citadel simply for transaction execution + +&nbsp; + +By securing the volume it has through either PFOF, client dependencies, market dependencies, technology, or exchange relationships, Citadel has achieved a critical mass where... + +&nbsp; + +>!**Citadel has a** ***de facto*** **monopoly, where the entire financial system relies on them**!< + +>!***and Citadel [is actively leveraging it](https://i.redd.it/56xpgp75paq71.png)*** - [sauce](https://www.reddit.com/r/Superstonk/comments/pv76ic/how_citadel_restricted_trading_by_weaponizing/)!< + +&nbsp; + +Dennis Kelleher captured this reality perfectly in [his congressional testimony:](https://www.youtube.com/watch?v=GNhhfTUrU88) + +> There's a risk on the infrastructure side and there's a risk on the institution side... if Citadel shut down today, even for a day, that means 26% of all US equities volume in 8,900 listed securities would stop. [Citadel] executes 47% of all US-listed retail volume, it represents 99% of the traded volume of 3,000 listed options. To say that the system would work perfectly fine if all that evaporated today... you're going to have a systemic event." + +&nbsp; + +Yeah, and I’m just gonna [leave this here.](https://i.redd.it/exrtjnuxsvq71.png) + +&nbsp; + +##[WHAT. THE. FUCKING. FUCK.](https://c.tenor.com/YdluX9Iz5ccAAAAC/south-park-eric-cartman.gif) + +*** +*** +#3.8 Summary + +**TL;DR** Citadel has achieved a *de facto* monopoly through market dependencies: + +* Citadel alone has the technology and risk management infrastructure to handle its share of market volume. +* Citadel continues to capture market share by playing - and winning - a "pay to win" system set up by exchanges, via their exclusive technology and paying for boosts to speed and data. +* Citadel is also expanding its foothold across institutions, via its offerings and patronage,... +* ...or by strong-arming competitors out, either directly with PFOF, or indirectly via scarcity. +* Across the board, exchanges, prime brokers, brokers, and financial clients depend on Citadel either for key revenue or for basic operations including executing trades. +* The market is increasingly exposed to Citadel's risks. Currently, the financial sector has no answer for what happens if Citadel shuts down. +* Thus, Citadel has created a *de facto* monopoly, or duopoly including Citadel's aligned partner, Virtu. + +&nbsp; + +This is all prelude to part 4. + +#And if you thought this was crazy, part 4 is where shit gets ***W I L D*** + +*** + +#Oh, and I'm pretty sure Citadel wants you to forget about DRS. No biggie, just keep on forgetting about DRS. +Edit 2: Damn at least 1K downvotes. Bots, are you there? + + +My friends after all of this, there is absolutely 0 reason to sell at 600 dollars a share when everyone is telling you sell sell sell the media says it! or some other apes (fake bots) are selling already! + +NO, we are to make hundreds of thousands or millions a share. The DD shows it and we have outplayed them in their own game! + +Also, MOASS may reach 1000 then drop down to 500. You will watch it drop down to 500 slooooowwwwly enough so that you panic and panic and panic and give them enough cheap shares to cover. + +Edit: 1000 is just an example. I mean it might go up then drop down by 50% or so to scare you in thinking it's over. DO NOT SELL because it is going back up its a trick!!! + +&#x200B; + +As a disclaimer... this is not financial advice.... hate to say this but I must. + +However this is advice from someone who has been Determined, Patient, and Smart enough to beat the media, the bots, the naked shorting, the lies and the corrupt system along EVERY SINGLE ONE OF YOU APES! + +btw, this 3 min video of Andy Lee gives us an idea of how MOASS will be like if it does not end up a Long Straight line Up: + +[https://www.youtube.com/watch?v=mVDGU-iFLIU&t=97s&ab\_channel=AndyLee](https://www.youtube.com/watch?v=mVDGU-iFLIU&t=97s&ab_channel=AndyLee) + +Posted this to Super Stonk and AMC, No F%@$ ups Ladies and Gentlemen! +I’m going to hold it to 2025 , Do you recommend it ? + +Edit: thank you everyone for your suggestions. As someone like me who is new to crypto in general and ethereum in specific I learned a lot from your reply’s. I’ll post my conclusions later this week. + +(Please ignore retards Reddit have a lot of them) +I’m going to hold it to 2025 , Do you recommend it ? + +Edit: thank you everyone for your suggestions. As someone like me who is new to crypto in general and ethereum in specific I learned a lot from your reply’s. I’ll post my conclusions later this week. + +(Please ignore retards Reddit have a lot of them) +From https://www.cnbc.com/2022/10/12/fed-minutes-october-2022.html + +> Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the central bank’s September meeting. + +> In discussions leading up to a 0.75 percentage point rate hike, policymakers noted that inflation is especially taking its toll on lower-income Americans. + +> They reiterated rate hikes are likely to continue and higher rates prevail until the problem is showing signs of resolving. + +tl;dr: hikes will continue until morale improves. +It is FEBRUARY. And i'm not complaining in the slightest because I am seriously impressed. + + +It has been MONTHS and we have gotten shit information. (literally 😆) + + +--------------------------------------------------- + +Like i GUESS they announced the NFT market to the creators + +(Power to the Creators) + +--------------------------------------------------- + + + +But they havent had a human leak AT ALL. That is one tight ship and there aint a single set of lips loose enough to fuck up the maiden voyage for themself. EACH and EVERY individual in the company is in it for themselves because they chose to be there, and keeping head down working is their best individual decision. BECAUSE THAT IS WHAT IS HAPPENING. They left big companies to do this. + + +Im just impressed HOW FUCKING QUIET IT IS OVER THERE LIKE WHAT THE FACK. I FEEL LIKE I'M IN A CUSHY ROOM GOING NUTS AT HOW QUIET IT IS. + + + +Like wow. Not bad news. Not good news. JUST NOTHING. What a crazy company to be invested in. + + + +I see news about web3 this and crypto that and NFT this or that and i just now my money is good. GAMESTOP is cooking over there. AND THE SILENCE IS DEFENING 🤪🤪🤪🤪🤪 + Walmart just dropped their equivalent to Amazon prime called Walmart+. This definitely could rock the ecommerce market and do potential damage to Amazon by splitting the consumers down the middle. $AMZN does make a lot of it's money from AWS(Amazon web services), but consumers know them for their insane ability to ship on the same-day (prior to coronavirus at least). What's your thoughts on this? Any potential other ways to affect the stock market that people (like myself) would not think of? + +&#x200B; + + [https://www.cnbc.com/2020/07/07/walmarts-answer-to-amazon-prime-set-to-launch-in-july-according-to-report.html](https://www.cnbc.com/2020/07/07/walmarts-answer-to-amazon-prime-set-to-launch-in-july-according-to-report.html) +September marks the end of the moratorium on insolvent trading. Many, many Australian companies will enter administration between now and mid 2021, but most will restructure and continue to trade. + +When a company enters administration it means that they can’t make a profit any more, can’t meet debt obligations and need a third party to step in and take over. At the point, this party (the administrator) acts in the best interests of the creditors to get some money back. The bigger the company and the stronger their brand is, the more likely it is. + +Amongst many others, so far this year, Harris Scarfe, Sea Folly and Jeans West have entered and exited administration. The administrator axed unprofitable business units and then sold a profitable core to another party to recoup some of what was owed to financiers and suppliers. + +If there is nothing to salvage, the company may go to liquidation which is where it really ceases to exist. + +We will see many, many more. STA went into administration today - they’ll probably close a few stores that were losing money, shake rental obligations then reopen is a smaller chain. + +TLDR: administration means someone took over to work out what can be salvaged from a business to get some money back for suppliers. Liquidation means they’re gonezo. +Today I read [an article on common investing mistakes from 80,000 hours](https://80000hours.org/2015/10/common-investing-mistakes-in-the-effective-altruism-community/?utm_source=pocket_mylist). One part was about asset allocation and caught my attention was the following passage: + +> Many people I’ve spoken to are almost fully invested in US equities. I think the rationale for this is that equities have been the best returning asset historically, so there’s no reason to own anything else. Another rationale is that since you can’t beat the market, you should put everything into equities. + +> But US stocks do not equal “the market”. If you try to tally up all global financial assets, you get something like this: + +> * 18% US stocks + +> * 13% Foreign developed stocks + +> * 5% Foreign emerging stocks + +> * 20% Global corporate bonds + +> * 14% 30 year bonds + +> * 14% 10 year foreign bonds + +> * 2% TIPs + +> * 5% REITs + +> * 5% commodities + +> * 5% gold + +> This represents the truly agnostic portfolio. If you think you have no ability the beat the market, then this is the portfolio with the best risk-return. 100% US equities is a huge bet on just one asset. + +> From 1973 to 2013, a portfolio like this returned 9.9% per year. In comparison, stocks returned 10.2%. So you only gave up a tiny 0.3% to switch to this portfolio. + +> In return, you had far lower risk. The volatility of the 100% equity portfolio was 15.6%, whereas this diversified portfolio had a volatility of only 8%. The maximum drawdown was also only -27% compared to -51% with equities. The wide diversification also makes you less vulnerable to unforeseen tail risks. + +This is different from the standard bogelhead three-fund portfolio that I've heard about here on the r/financialindependence. Assuming that it isn't trouble/hassle for me to buy these funds in these percentages, is there any reason why I should stick with a three-fund portfolio? If I am planning for a long retirement, this seems like it would be pretty beneficial compared to the three-fund portfolio, right? It doesn't require a lot of extra work, and it has noticeably lower volatility. Does anyone have any thoughts on this? + +EDIT: formatting. +I've just recently gotten into wheeling, selling covered calls on stocks I already own. I originally freaked out when my call went ITM, and would buy it back rather than have it be exercised. But now it occurs to me that I effectively was setting a limit sell price for my stock, and getting paid for it. Same for cash secured puts, you're effectively setting a limit buy order and getting paid for it. Am I crazy? +Hi all, + +Dumb question: If property prices are already out of reach for most working people AND the wages are stagnation/regressing... Who is buying all of these unaffordable properties? + +I read somewhere that the prices are something like 9x the price of a an average working person's salary. + +Yes I am sure there are wealthy people... but that doesn't make sense? Sorry I am a bit confused as there is a wide gap between what people earn and the ridiculous prices of a home. +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). +Netflix's documentary "Eat the Rich" is another bad portrayal of us retail investors. They are setting us up to be the bad guys. We have seen it with all the other documentaries that were released in the span of a year. + +Why release so many freaking documentaries of GME? Isn't it supposed to be done with and over according to MSM? It's because they, the elites, know they are fucked. They know they fucked over America and quite possibly the world. They know how tremendously fucked they are better than anyone else. Even us. So taking that into consideration all these documentaries were made to paint a picture that retail investors are: 1.) Stupid 2.) Greedy 3.) Evil 4.) The ones to blame for the economic disaster 5.) Selfish. + +They are sowing seeds of misinformation into the American peoples head that we are to blame for the economic disaster that is currently taking place. They are already saying we are to blame for teacher pensions. I am sure most of us have seen that chilling interview where Ken 'MAYOBOY' Griffin made us out to be sociopaths hurting teachers. + +So going back to Netflix we can clearly see this is another attempt at brainwashing the American people into thinking we are to blame for the economic crisis and that the Wallstreet elites are just victims. We can not let this shit go on any longer. If Netflix wants to take the side of the vile Wallstreet elites then we need to let then know there are consequences. Yeah, we may not have enough power to force the SEC to actually care about retail but God Damn we have power over who we pay a subscription service to. If Netflix wants to fuck with us then let's show them what it feels like for a million plus people to stop paying for their service. + +Hurt those corporate executive sociopaths where it hurts ✊️ +I mean, seriously the dude started out in the seats of a high frequency trader and saw that it wasn’t right. At first, he tried to fix it internally from a high frequency firm and was laughed out. + +Undeterred, Dave then turned to pushing the government to see the injustice and prosecute for the truth. But, the snail-like reaction of government action is unable to adequately take the problem on. + +Still undeterred, he is literally starting a company to fight the good fight on the front line. + +I mean, what a chad + +Here's to it, + +https://i.redd.it/fw2n0s6hv0d71.gif +From my experience of investing so far I notice that lots and lots of people in the UK (where I live) seem to have little to no knowledge on investing in stocks, but rather even may have the view that investing is limited to 'gambling' or 'extremely risky'. I even found a statistic saying that in 2019 only 3% of the UK population had a stocks and shares ISA account. Furthermore the UK doesn't even seem to have a mainstream financial news outlet, whereas US has CNBC for example. + +Am I biased or is investing just not as common over here? +Im 31. I currently travel 90 minutes to work by public transport. I have a severe sleep condition with not much of a cure and can't live by myself. Severely mentally ill. I currently male 53.8k not including super and I have to work Saturdays to earn that. + +I got a new job offer. 8 minutes from home.55 including super. I did the maths and it would be 100 less take home pay. + +Would you do it. I'm low in savings, only 34k. Just need a kind ear +**Edit:** Wow! Thanks for my first gold, stranger! Also, thanks for all the great comments! I made one or two small changes to fix some insensitive word choices :) + +\*\*This is about appearances. I do not recommend faking your personality or changing into someone you don't want to be. Yes, basic manners are important, but you don't have to go against your own values to be successful :)\*\* + +&#x200B; + +I’ve been meaning to write this for awhile, and finally have time! A little background on me – We are a family of 3 (4, but the eldest is away at college and financially independent from us now). We have lived below the poverty line for most of our small family’s existence (as in 20-30k/year in one of the most expensive states to live in). And, we exuded the poverty mindset, unbeknownst to us, until about 2017. Once it dawned on me and I made a few changes in how the world perceives me, my world opened up. I’m back in school to be an environmental scientist. I’m finally taken seriously by peers and professionals – Last year I had a part time research position with a professor and I will soon be published in my first scientific journal. My own self esteem has gone up, and the rest of our small family unit has followed suit. We are still broke, but we are no longer “poor.” The poverty mindset has been broken! More importantly, we are on a path to a way out and we reap a few more benefits of the middle class daily. + +How, you ask? Presentation is everything. Here’s my guide to looking the part of a successful human when you are poor. + +**Bathing** + +Until six months ago we paid our water and power bill (it’s now included in rent). Long, hot showers meant expensive bills we couldn’t pay, so we followed a three showers/per person/per week rule. This is how we still looked like a million bucks: + +· The Pits and the Bits are what matters most. If you can’t bathe every day, at least scrub the smelliest areas with a rag, soap, and warm water. + +· Avoid greasy hair. I would wash my bangs in the sink, since this was the most obvious part of my hair to look dirty. + +· DIY dry shampoo is a lifesaver. For blondes, sprinkle some cornstarch on your roots, let it sit a minute to absorb oil, then brush it out. For brunettes, mix in some cocoa powder with the cornstarch to the desired hue. Bonus, the cocoa makes you smell delicious :D + +· Don’t over scent. A lot of us poor peeps have a psychological fear of smelling bad. Unfortunately, many try to prevent this with cheap perfume, too much perfume/cologne, or fruity Bath & Body Works style crap. Unfortunately, these types of scents are really only considered suitable for middle school girls and high school boys amongst the middle and upper classes, so it instantly marks you as poor and possibly trashy in the subconscious of others. You are better off wearing nothing but deodorant. If you do want a scent, get something of medium quality, at least, and wear it sparingly. It will last just as long as the crappy stuff that others are bathing in. (Plus, those with fragrance allergies will thank you!) + +**Hair** + +I inherited the family curse – going white at the temples in my late teens. Every female on my mom’s side does this, and the females tend to be long lived (I only mention this because premature graying can be a sign of heart disease and other illnesses, so see a doctor if you go gray early, at least if you can afford to). Unfortunately, as a brunette, this made me look tired and old before my time. + +· Just for Men rocks. Seriously, they have a product that comes in a tube that retails for about $5. No mixing, and you can cap the leftovers to use later. Skip the comb that comes with it (it wastes the dye) and get a highlighting brush for $1 (one time purchase). I just brush it onto the gray roots once a month, and a single tube last me for at least 8 months. Bonus, it looks more natural since some grays are still in my hair, but I also look 10 years younger and less tired. This tips works for guys and gals. + +· Cut your own damn hair. Seriously, you don’t need anything wacky or complicated, and youtube will teach you any style you desire. If you have a young kid handy that doesn’t care yet about their appearance, they are great to practice on (my boys hold no ill will against me for the horrible haircuts they sometimes experienced as toddlers)! Some people, both males and females, can pull off various shaved and buzz cuts with style, so count yourself lucky if you are one of those. The various “shag” cut for men and women are also great for beginners because they don’t show small mistakes. For myself, I simply wear my hair long. I learned how to trim bangs, put in a couple of long layers to frame my face, and trim the back. Hair scissors are preferred, but you can use regular ones if you ONLY use them for hair cutting. + +**Dental Hygiene** + +My teeth aren’t perfect – I have a slight gap in my front teeth and my bottom teeth are a bit crooked, but I get compliments on my smile still. That’s because hygiene can cover many other shortcomings! I quit smoking about 8 years ago, and my reward was early stage gum disease. If you’re poor, you don’t have dental coverage. I managed to scrounge up the funds for treatment (periodontal cleaning and antibiotics) at a local dental hygiene college, but keeping up with the six month appointments hasn’t been in the cards – I’ve only been able to swing it every two to three years. Good news is, my gum loss stopped and reversed some, even without the cleanings, thanks to better hygiene. + +· Get an electric toothbrush if you can. If you watch for deals, you can pick up a Sonic Care or similar for under $20. Prolong it’s battery by only putting it on the charger when it is dead (mine is over 5 years old and still going strong. I have to charge it weekly instead of every two weeks, but it works still). Oh, and brush twice a day, please! + +· I buy a 12 pack of off brand brush heads for around $20 a year off Amazon. Read reviews, though, because not all off brands are a good value. + +· When choosing brush bristles, go soft or medium soft. Harder bristles may make your teeth feel cleaner, but they also can lead to gum loss and abrasions on the tooth enamel – which leads to staining. + +· If you can’t get an electric brush, at least watch a few youtube videos on the proper way to brush – there is more to the technique than you may think! + +· Don’t have a stained smile! I whiten my teeth for $7 a year. A tube of Plus White 5 minute whitening gel and a $2 sports mouth guard from Walmart or similar is all you need. Smear the gel on your teeth and pop in the guard before jumping in the shower. By the end of the shower, you can rinse it out and go on with your day. I did it once a week for the first month, now I do it monthly. (I’m a huge coffee drinker, but my teeth are white!) FYI, I mentioned this to my dentist and he said it was fine, but you may want to check with your own dentist if you can. + +· Floss, damnit. It will be uncomfortable at first. You may bleed a little. Within a couple of weeks, though, your gums toughen up and it’s much easier. Floss prevents plaque buildup, which leads to gum disease and decay. Just do it, at least once a day before bed. I can get a spool of floss that lasts 6 months for less than $1. I can find a $1 in change walking across the parking lot at Walmart. There is no excuse! + +**Nails and Makeup** + +I’m not a girly girl, and my hands are in dirt a lot thanks to my major and career aspirations. Yet, my hands look nice. The old adage that employers look at your hands during an interview is based on fact, so be kind to your hands. + +· Lotion is cheap, so don’t let your hands get chapped. If they are badly chapped, smear on some Vaseline and put on an old pair of non-vinyl, non-leather gloves for an hour or two. Problem solved. + +· Clip your nails (and shape them with a file, if necessary) at least once weekly. Even working hands look better if nails are trimmed and hangnails are cleaned up. If you have a ton of hangnails, work on staying hydrated and take a multivitamin. They’ll likely go away. + +· If you like polish then do it yourself. Skip professional manicures. + +· Makeup is cheap, so really no need to stop wearing it. Just…don’t go over the top. Turn off the beauty bloggers, most are ridiculous. You aren’t a pop star so less is more. An overly groomed brow and airbrushed face may actually make you look poorer. Most true middle class people have a more natural look. For myself, I opt for mascara and tinted moisturizer only, but I know I am minimalist with makeup by all standards. it’s okay to do more. Just remember to look at the people with the type of REALISTIC jobs/lives you aspire to and emulate their look. + +**Clothes** + +Style is important, but I know from myself (and from witnessing others with a low income), that too often we go with the style that we think “defines our unique personality” rather than the style that will help us achieve our goals and dreams. I may be punk rock, but I am not the frontman for NOFX. Torn jeans, corsets and leather jackets, and a green bouffant are not going to help me out in life in the ways I need. Kim K may be your idea of the perfect woman, but what works for a person famous for being rich isn’t going to help someone struggling to get by. Which brings me to my first tip: + +· Look the part of who you want to be, realistically. So if you want to be a legal secretary, dress like one and not like Gwen Stefani, if you catch my drift. Do you want a desk job? Then look at how others with the sort of job you want dress – both at work and on their own time. This varies a lot by region. Where I live, middle to upper class peeps tend to wear nice flannels, fitted tees, or sweaters with well tailored jeans and hiking boots/trail runners, both at the office and on their own time. You might occasionally see a sports coat or skirt. Some areas are more formal. You can still go crazy for a party or night on the town with friends, but in your everyday life you need to look like the person you are working to be (You can still add your own style twist, by the way. A nose ring, streak of blue hair, or tasteful tattoo are all more accepted in our society now – just make sure to emulate how your desired financial/career class does it, not necessarily how your broke peers are doing it.) Every style you desire has a classy and a trashy version -- choose the classy for everyday, and the trashy for only when it's appropriate (like at your best friend's party). + +· Get over to a thrift store. Don’t tell me yours sucks! I’ve been in some pretty nasty thrift stores, and there is always something. You will need to go back, frequently if you are building a wardrobe from scratch. In the early days of my own makeover, I went twice a week, and sometimes I walked out with nothing. Within a couple of months, I had a 12 piece wardrobe that served my basic needs. You really, really don’t have a good thrifting option? Then look into garage sales or Facebook buy nothing groups/clothing swap groups for free to cheap clothing. + +· Learn basic mending and you will strike it rich on thrifted clothing. I’m short and always have to hem pants. Thrift stores are also home to outdated boxy shirts, but I can give them an instant face lift by making them fitted with 2 quick seams. Same for mom jeans – make them skinny or relaxed fit with a simple seam on each leg, or make pants/skirts fit better with a dart or two in the waist band. A machine makes it easier, but you can do it by hand while watching TV or chatting with friends. Some libraries check out machines and even offer classes. Otherwise, youtube will teach you everything you need to know about mending and alterations with or without a machine. + +· Shoes – first, if you are a sneakerhead or shoe hoarder, just stop. You’re broke, you can’t afford it. Instead, get a couple of decent pairs of shoes – one respectable daily shoe (not something you would see a sportsball star or music icon wearing) and one respectable dress shoe. For me in my casual region and future career field, this means a good pair of trail runners and hiking boots. I opted for plain brown leather hiking boots because when paired with slacks, I look dressy. I also went with black and gray trail runners, just because they don’t show stains and match anything else I’m wearing. For men, you may be able to get by with a pair of tennis shoes and some dress shoes. Women, depending on your style, tennis shoes and flats or low heels may be all you need. If you don’t spend a lot of time on your feet, don’t be afraid of good condition used shoes. + +**Attitude** + +Finally, attitude. If you give off the vibe of the poverty mindset, if you look beaten down, or conversely, if you act too cocky, then you are holding yourself back. Cool confidence with empathy for others should be your goal. + +· (I am not talking about genuine accents. I’m talking about the over the top affectations many of us knowingly learn when we choose our clique identity in our teens or early twenties.) Drop the affected accents and slang. If you do it, then you know what I’m talking about so don’t pretend otherwise. Talk like an educated human being and choose words that others, regardless of their age and cultural affiliations, will understand. If you aren’t actually a famous rapper, mafia boss, valley girl, New York cabbie, or any of the other personas we poor people tend to adopt to protect ourselves from the judgement of others, then don't pretend to be. The way you talk could literally be the reason your are poor. + +· Stand up straight. Your mama was right, slumping isn’t just bad for your back, it affects how others view you and it also affects your own self confidence. Set a reminder on your phone to check your posture every hour, if you have to. In a few weeks, you’ll see improvements and good posture will become second nature. + +· Watch your hands. We all have nervous mannerisms that we pick up, and I know being poor probably gave me a lot more than the average person. Always shoving your hands in your pockets? Stop! Constant nervous knuckle popping? Not anymore! Over the top hand motions when talking? Dial it back! If you aren’t sure if you have mannerism or annoying body language habits, ask someone you trust and whom you respect for full honesty (and don’t get offended if they are honest)! I'm not referring to tics or things that can't be changed, just the bad habits that anyone can develop. + +The above may seem like common sense to some, but if you come from a long line of poverty, these basic things likely weren’t learned. Classism is real. Even those that think they aren’t classist still may have some subconscious feelings that can be set off if someone meets some stereotype of poverty. Plus, many of the above issues can further add to a poverty mindset without us even realizing it. Improving your appearance won’t solve your money problems, but it can provide a confidence boost while helping others to take you more seriously – and these are the things that can open up opportunities for a better life. + +I hope this helps someone! Please feel free to add any more tips or ideas that will make this guide even more useful for us broke folks 😊 +So I have always had the impression that to do HFT successfully, you needed lots of things in place that are typically only available for trading firms / institutions like infrastructure, Co location, different teams working on it. + +However this seems to suggest otherwise as this appears to be a single guy in his basement killing it. Granted he is spoofing but still is it possible to do HFT on an individual or retail level? + +Anyone have any opinion on this? + +https://www.bbc.com/news/explainers-51265169 +https://www.bloomberg.com/news/articles/2018-04-25/yielding-21-in-bond-market-the-no-1-retail-lbo-is-in-trouble + +> Perhaps most disconcerting about PetSmart’s struggles is they are coming even as Americans spend more on buying and taking care of their pets -- $70 billion in 2017, compared to $41 billion in 2007, according to the American Pet Products Association. Its first quarter with Chewy on board last year saw earnings fall almost 40 percent under the weight of debt. + +> its post-buyout CEO Michael Massey abruptly resigned, and has yet to be replaced eight months later. This year, Chewy’s founder and CEO Ryan Cohen quit too. + +> BC was so keen to prevail that it even bid against itself in the auction, raising its own final offer by 50 cents -- to $83 per share -- before any opponent had matched the lower price, according to court records from a subsequent lawsuit. Apollo, the next highest bidder with an offer of $81.50, or about $150 million less, later told PetSmart’s investment bank, JPMorgan Chase & Co., that it "never would have paid” what BC Partners did, a filing shows. JPMorgan declined to comment. + +> BC Partners managed to pocket an immediate $800 million dividend, but it had a long road ahead. The acquisition marked its first-ever foray into the U.S. retail sector. And the new management team had no experience with the pet industry. + +> One of Massey’s tasks was making a big e-commerce acquisition to retain customers moving online. He zeroed in on Chewy.com, an online supplier with loyal customers and workers it called ‘Chewtopians.’ + +> Massey reasoned that Chewy would establish a defensive line against Amazon and shore up earnings that had sagged since the takeover. But the plan backfired. PetSmart’s financials deteriorated even more sharply as Chewy, which has yet to turn a profit, dragged on earnings. In the third quarter of 2017, the latest available, the combined companies lost $56 million. + +TL;DR: Extremely aggressive leveraged buyout is causing PetSmart to stumble even in a growing pets' goods market, and expanding to e-commerce only made the losses worse. +This is a reminder that the significance of this date was never to believe that today's shareholders meeting would spark the MOASS immediately. Nor expect the price to sky rocket straight away. + +From yesterday's weak flash crash, its obvious the stock can still be manipulated pretty hard. They will use MSM to find negatives in the earnings and play all of their dirty tricks. However, their attempts are clearly becoming weaker and weaker. + +Expect the fuckery that was always there and remember to do the same thing you've always done - + + +**BUY AND HODL** +https://twitter.com/tree_of_alpha/status/1494951540339187714?s=21 + +For context this is the account of Mr. White Hat. The vulnerability in question could have allowed the white hat hacker to change the order prices of cryptocureencies listed on Coinbase (think he can out any price for any crypto he wants and buy or sell BTC ETH at any price he wants). Not wouldn't have affected just Coinbase. Many DeFi projects also use Coinbase as a price oracle... so something like this happening could have triggered an extinction event to all crypto markets, possibly liquidating tens of billions, maybe a hundred billion dollars. + +Mr. White hat wasn't joking when he said this was potentiallytially market nuking. The person who fixed optimism critical vulnerability was awarded with a $2 million bounty. No matter where you stand, this vulnerability was much bigger and it's impact could have been massive. + +Coinbase being Coinbase, deemed fit to reward our hacker with $250k, and there wasn't even any epic item to go with it. 3/10 would not do this quest again lmao. + +This also shows a classic human behavior. You'd skim on $50 worth of protection all the time but when you suddenly smash your head on the pavement and be bed ridden for the rest of your life you're gonna wish you didn't forget your protective gear. But of course you only appreciate your protective gear when you're bed ridden. When nothing happens you think even $50 is too expensive, maybe you could haggle it down to $9.69. + +Kek. +https://www.sfgate.com/business/article/LinkedIn-laying-off-nearly-1-000-amid-hiring-15422429.php + +Interesting timing here, releasing 'bad' news ahead of earnings can sometimes be an indicator that a miss is coming and this could appease the markets some. + +That may be reading too much into the tea leaves though. +I’m looking to do an FHA loan with a 3.5% down payment = $9K + +Closing costs are anywhere from 2-5% of the purchase so = $12.5K on the high end + +Emergency fund/ extra money for small repairs/ buying furniture or appliances = $10k + +Is there anything I am missing or should I aim to have about $32K saved to purchase a $250k home? + +I plan on living in the home for a year or two, maybe with a roommate and then eventually renting it out. +**Note:** The term poison pill refers to a defense strategy used by a target firm to prevent or discourage a potential hostile takeover by an acquiring company. Potential targets use this tactic in order to make them look less attractive to the potential acquirer: https://www.investopedia.com/terms/p/poisonpill.asp + +**Article:** + +https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-pill-after-musks-43-billion-offer-to-buy-company.html + +Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday. + +The board voted unanimously to adopt the plan. + +Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount. + +The plan is set to expire on April 14, 2023. + +Such a move is a common way to fend off a potential hostile takeover by diluting the stake of the entity eying the takeover. + +“The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,” the company said in a press release. + +Twitter noted that the rights plan would not prevent the board from accepting an acquisition offer if the board deems it in the best interests of the company and its shareholders. + +Musk already owns a more than 9% stake in Twitter as revealed in a Securities and Exchange Commission filing last week. Soon after his stake became public, Twitter’s CEO announced plans for Musk to join the board. But days later, Musk reversed course and decided not to join the board after all. + +If he had joined, Musk would not be allowed to accumulate more than 14.9% of beneficial ownership of the company’s outstanding common stock. + +Also on Friday, Bloomberg reported, citing anonymous sources, that Twitter brought on JPMorgan to help respond to Musk’s bid. Twitter had already been working with Goldman Sachs and Musk has been working with Morgan Stanley. + +Several outlets including The New York Post reported Twitter was also fielding interest from Thoma Bravo, though it’s still uncertain a bid will materialize, according to sources who spoke to Reuters. + +JPMorgan has history with Musk, suing Tesla over a matter related to his 2018 tweet claiming he had “funding secured” to take the company private. Tesla later countersued the bank. + +JPMorgan, Twitter and Thoma Bravo declined comment. + +In a live-streamed interview at the TED2022 conference in Vancouver on Thursday, Musk laid out his vision for making Twitter’s algorithms more publicly accessible and limiting content moderation. + +He also acknowledged he’s “not sure” if he’ll actually be able to buy Twitter, though he said he does have “sufficient assets” to fund the deal if accepted. Despite his fortune, Musk has much of his assets tied up in equity in his companies including Tesla, meaning he’d likely have to liquidate or borrow against his assets to come up with a large sum. + +But Musk said “there is” a Plan B if his initial offer to buy the company and take it private, which he called his “best and final,” is rejected. He declined to provide further details in the TED interview. + +On Friday, Twitter’s former CEO and current board member Jack Dorsey tweeted that “the real issue” is that “as a public company, twitter has always been ‘for sale.’” +Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! Holy moly! + +Edit: 24 mins to hit 2,000,000 volume!!!!!!!! + +Edit 2: 32 mins to hit 3,000,000 volume!!!!! Hold me!!!! + +Edit 3: 36 mins to hit 4,000,000 volume!!!! Hedgies R Fukt!!!! + +Edit 4: 42 mins to hit 5,000,000 volume!!!! My wife's boyfriend said this is good!!! + +Edit 5: 57 mins to hit 6,000,000 volume!!!! Green dildos for everyone!!!! + +Edit 6: 78 mins to hit 7,000,000 volume!!!! Be right back, gotta get a new pair of underwear! + +Edit 7: 123 mins to hit 8,000,000 volume!!!! Okay, I'm back, what'd I miss? Was it crime? + +Edit 8: 160 mins to hit 9,000,000 volume!!!! You smell that? Smells like fuckery! + +Edit 9: 251 mins to hit 10,000,000 volume!!!! I just had some dip for lunch! I wonder how many billions it cost SHFs to crime the price back down? Oh and if you paper handed like a little bitch today, I hope you get an ingrown hair right next to your butthole. + +Edit 10: We hit 11,000,000 about 10 mins before close. Let's see some more crazy AH! Remember, remember November 5th! + +Peace out you sluts! Buy, hold, DRS + + +I dabbled in Bitcoin years ago a bit not knowing what it could actually turn into. I made a few bucks holding for a little bit and got out. Silly me. I stayed out of crypto until just a few years ago it was all I was hearing about. Seeing how much the price of BTC had blown up, it didn't feel like the big pay for me. But I did grab a small moonbag. Upon looking at other options to invest in; I took to reading all the white papers and details on each coin and what they planed to be used for. Of course I won some and lost some, as I'm sure many of us have. + +Binance smart chain tokens came out and seeing how much they were picking up, I decided to try my first. Here's what happened; + +1. I was reccomended a token that had not started a presale yet. But had a lot of members active on social medias. +2. After sweating the token's presale release it happened. My transaction went through and I got in at the coveted presale price. After a launch spike, price dropped, everyone sold, and with no marketing taking place the token died in about 2 days it seemed. +3. lp was removed after the price was going up nicely website gone, I was so confused at first. +4. Did some research, and what had happened slapped me in the face. +5. Owners sold all their holdings after price went up and stopped any marketing and community engagement. + +I wont go on but you get the idea, out of 73 projects only 6 were actually legit and had a team behind them, but with no real use case they eventually died. On another night, I got involved in another project and to no surprise, the dev did nothing. They claimed it to be a community coin and price dropped at launch. Kaput. After talking with some folks remaining active in that very same TG group, I met a few people with some different skills and we kind of formed a team of our own to make a better token. With little planning and know-how, within 2 weeks we did it. We launched. My main focus was marketing and it was working great. The price went up nicely for just about 3 weeks we were solid. At this point, the rest of the team stopped responding in team chats very frequently. I kept plugging away before eventually taking more of a back seat and just managed chat and started to give away my holdings as marketing airdrops. + +I then met my current partner. He and I were discussing what we could do to make the token better and we made some real progress. Price went up. We were still getting new members in telegram and holders. But being the only person doing all this I thought there has to be a better way. My now partner wanted his ideas to create something. Something that he with some folks he trusted could be set up with all details and planning from the very beginning. No stone left unturned. + +Chatting to him one night I made a joke about "What if I had made a website and contract already for that idea we had?" But it wasn't a joke. I sent him sent him a draft website and a contract I had came up with, he liked the idea behind the token and what I wanted to do. A real, highly marketable token that was worthy of a large following that rewarded holders. the next day I woke up to a barrage of messages from him. Suggestions and ideas to improve on my work towards the idea and take it to the next level. The more we talked about the more we saw how much work would need to go in to the token to make it different from all the others, a token that would last and positively affect those that stayed involved. + +My partner is and always has been really finicky about the subject, this is not right, you need to do this, that wont work-a true credit to his perfectionism. Everything had to be right before we could move on to the next step, constantly researching why other tokens failed, what their issues were and what we could do better. Eventually, we did it. We created a website we were happy with, worked out the transaction taxes, and partnered with marketing and moderation specialists in EU, the US and Japan, to ensure perfection and watchful eyes at all hours. We had already been team building during the creations process, but we exceeded even our own expectations and came to assemble a team who have a range of different skills ranging from back end dev, marketing, sales, community manager mods, and a multitude of artists so that the community is able to have excellent materials to share even themselves about the project. + +Now we are getting ready to launch, working on marketing and building our twitter before linking people to out Telegram group before our crowd funding sale (Marketing is huge and everybody knows it costs money) We do as a team have a budget, and has been/will be effective. But to do what we know this project is capable of, we are preparing to launch a pre sale and public sale to fund our marketing campaign for the community before we hit listing on Pancake swap. + +Our plan is to have enough money to apply to list on a bigger exchange right away and enough members to apply for CMC and CG so out application gets processed asap. We want people to hear from this from multiple trusted sources to ensure maximized outreach and holders see it forming a strong establishment early. + +Poocoin banners are up already and we are actively working to ensure our roadmap is achieved! + +💮 KawaiiDoge ❀◕ ‿ ◕❀ Will be launching on DxSale when the Telegram reaches 2k members, been shilling for three days and now over 1,500! Holding KawaiiDoge in your wallet will provide you with more cute doges over time. Who doesn't want that? + +$KADOGE- The cutest Doge on the internet! + +Pancakeswap V2 is Kawaii + +💸Total tx Tax is 6%💸 + +🐕 4% Is redistributed to the liquidity! + +🐕 2% Is redistributed to all holders! + +📌 Contract Address BSCscan: + +[https://bscscan.com/address/0xB9fBeF2D6F162975b80E4661C70C42FeE8c89851](https://bscscan.com/address/0xB9fBeF2D6F162975b80E4661C70C42FeE8c89851) + +🔥 Team Tokens burned: [https://bscscan.com/tx/0xf6d83053adcf5c78ef027e7efbf863927b55cc28ddbbab3a00b77cf270222e81](https://bscscan.com/tx/0xf6d83053adcf5c78ef027e7efbf863927b55cc28ddbbab3a00b77cf270222e81) + +🔐Liquidity Locked (LP Tokens) + +💰Purchase on Pancake Swap TBA + +📍 Important Official Links 📍 + +twitter- [https://twitter.com/KawaiiDoge\_0x](https://twitter.com/KawaiiDoge_0x) + +website- KawaiiDoge.info + +Tokenomics: + +Total Supply after burn: 8,100,000 + +Tokens for Pre-Sale: 5,000,000 + +Tokens Burned before Pre-Sale: 999,999,991,900,000 + +Tokens for PancakeSwap Listing: 3,000,000 + +DxSale Platform Fees: 100,000 + +Soft Cap/Hard Cap: 400 BNB / 500 BNB + +Min/Max Contribute: 0.1 BNB / 2.5 BNB + +Pre-Sale Price: 10,000 = 1 BNB + +PancakeSwap Listing Price: 10,000 = 1 BNB + +DxSale: Auto locks the liquidity until October 1st, 2022 + +telegram- [https://t.me/KawaiiDoge](https://t.me/KawaiiDoge) +Not financial advise. I see a lot of yield chasers on this sub, especially younger folks just getting started. I understand, that's how I started out too when I was 18 (I'm only 30 now BTW). It's an easy analysis to look at the yield and do a quick assessment of whether you think the company can keep it up. But the reality is, high yields come at a cost. I've learned this over and over the hard way. And the cost is either A) that dividend ain't gunna continue (ultra high yields); or, B) it's barely going to grow (mid-high yields). So when you look at yields today we see a 10 year treasury giving 1.3-1.5%; and the S&P500 giving an effective 1.1-1.3%, you have to ask why are those so low and I can find energy companies, dinosaur telecom, tobacco, and distressed REITs giving 5,6,9% div yields? Is everyone else stupid or am I missing something? Probably the latter for the majority of the positions but of course not always (explained more in 4th section here). I do own some higher yield positions but it's not the foundation of my portfolio. My dividend growers are. My yield plays are either betting that the market has something mispriced at that time or they are just a better (and more tax efficient) bond alternative for my portfolio. + +I did a little scenario here to illustrate the concept of dividend growth vs. yield (see bottom of post). Security A has a 7% yield today but is only growing it's dividend by 1%. However security B has a 2.5% yield but is growing it's dividend at 15%. With security A you'll make more dividend income over the next 10 years. But with security B you will have a better 10 year yield on cost. It's probably not completely kosher but the logic is the same. Security A is fine if your priority is yield today. But security B is better if you're still a ways away from passive income. Bonus is security B will have much better share price appreciation along the way. + +The higher yield companies are generally going to grow their dividends slower then the lower dividend yield companies. Or they will be cut or suspended at some point. That's why the yields are higher. It's either because they have a higher payout ratio and management has less income left over to reinvest into growth & sustainability. OR it's because they are distressed, facing competition, weak balance sheet, etc. etc. Personally, I would take the lower yield that has the higher probability of growing it's dividend more aggressively. + +Anyway, it depends on your age, goals, etc. My point here is only that you should not only prioritize yield because yield comes at a cost. It's risk. Of course there are exceptions. I bought AVGO at a 5.5% yield, CAT at 3.9%, TGT at 3.6%. And I'd consider all of those great dividend growers but they were all during steep sell-offs or just immense pessimism about the stock/ industry that I thought was overblown. Like wall street loving AMZN and thinking it'll put every retailer out of business. March of 2020. Etc. For every one of these higher yield positions that ended up being spot on, I have another that's just pussy footed along giving me my 5-6% each year. + +There's no such thing as a free lunch. There's a reason you can buy a stock with a huge yield or low PE. In the words of Warren Buffett, "**I'd rather buy a wonderful company at a fair price over a fair company at a wonderful price**." Put that somewhere you'll see it every day. It's my favorite quote for investing, business, and life in general. + +[Security A looks good today but in 10 years, would you rather have A or B?](https://preview.redd.it/q08im3u6k7b71.png?width=448&format=png&auto=webp&s=76e34aafbbb757b3ae769903c638742b24e4bfaf) + +Edit: alot of blow-back on this being unrealistic. Because Company B won't grow it's divs at a 15% clip for 10 years. Agreed. But ALSO, it's very likely that Company A won't be able to sustain it's dividend let alone grow it at 1% for the next 10. This is not meant to be overly realistic, just a helpful framework/ mindset to have when you're screening. + +Bonus edit: assuming this is realistic (it's not), company B will have a much lower payout ratio and will reinvest in its growing business which will most likely result in higher (tax deferred) share price appreciation. +I bought a house recently and I can’t stop thinking that we could have and should have bought a better house. I am thankful that I’ve purchased, but also having buyers remorse at the same time. + +There are so many issues that I wished we considered more closely, small living area, only 1 bathroom, sloped land, disconnected garage. + +I know I should just enjoy the house but I can’t help but thinking about the “what if’s”. + +How have you guys felt after you purchased your home? Is this normal? + +EDIT: Thank you r/AusFinance for all your encouraging words/advice. It made me feel so much better knowing that this is normal and I'm not the only one who goes through this. Have taken on your advice, and I'm looking forward to enjoying the house for what it is. Thanks all! +My financial advisor is trying to talk me and my wife into life insurance. We are late 20s, no kids, so he says we can sign up for term and then later roll it over to full life. From what he told us it sounds like the whole life policy would turn into an investment. I don’t really see how this will be all that beneficial. Why wouldn’t you just invest elsewhere. I have another meeting with him soon so I’ll ask him about it again but I wanted another opinion on the topic. +Perhaps it is too early to call, but it seems that the community has spoken, and has already moved on. If this trend continues, the /r/ethtrader sub will only exist to confuse newcomers to Ethereum. If there is a lack of quality content being posted here, it will inevitably lead to the subreddit being filled with spam and scammers. Having a large abandoned subreddit and a smaller active subreddit is confusing to everyone other than us ETH nerds who are obsessed. + +Unfortunately this situation has escalated to the point that you stepping down as lead mod is the only real solution. I am politely asking you to do the right thing for the greater Ethereum community, step down as lead mod and keep our subreddits unfragmented, and easy to navigate. +**Why this RTI was required:** I closed my bank account with ICICI and forgot that I had an APY linked with it which has to be transferred to another bank account. What happens to my APY contributions now? Is all my money lost? According to ICICI employee, YES. They said that my money is lost, APY gets closed immediately if bank account is closed. Open a new APY if needed. + +So, i filed an RTI. Here is the reply: + +https://imgur.com/a/HU3ZF6C + +The details are as follows: + +**APY remains active when the bank account is closed.** + +You can find the details of your APY using the below link:https://npslite-nsdl.com/CRAlite/EPranAPYOnloadAction.do + +You can do the following two when the bank account is closed: + +1) Close your APY as well by visiting the bank. Write a small application in a blank paper with APY details and attach with ID proof. APY will get closed and the contributions will be paid back to you. Mention any active bank account where you want the money to arrive. This is a voluntary exit. + +2) Link it to a new account. Same procedure. Visit bank. Write application on blank paper with ID proof. + + +**Lessons learned:** + +1) Better do this procedure before closing your bank account. Will be easier + +2) Do not trust bank employees. They themselves are not aware of all their products. Do your own research. + +Regarding RTI, you can file RTIs online for free. I filed it using yourti.in, Public RTIs are always free. Money is required only for private RTIs(only 10 rs). Takes around 45 days to get a reply. +Ladies and Gentlemen, I aped $100 into Pornrocket on Friday and am currently 9x. The market cap is approx $38m right now and I personally feel this is very very cheap for what this project is and what's coming. + +Pros: + +1. The team have already signed some big names in the adult world: Briana Banderas, Annabelle Rogers, Lissa Aires, Megan Hughes and more to come with announcements being posted on the official TG most evenings. +2. The app mockups look very professional and I think it will explode when launched. +3. CMC is listed, and CoinGecko should be coming imminently. There's about 10k members on the official TG. 4)There's also a very good promo on YouTube but I won't include the link here because CMS doesn't like too many. + +Cons: I appreciate there's a few tokens of this nature out there, I was an early investor in another one, but I honestly feel that $pornrocket has the action to back up the mouth. I just sold my bag on that other Rocket and put it into this + +Anyway this is not financial advice , do your own research and then check it out. I believe this is a serious moonshot, and am going to go up my bags after I drop this post. + +Marketing on this token is nuts. Check out these articles : + +https://thebitcoinnews .com/the-new-onlyfans-soaring-cryptocurrency-pornrocket-launches-worlds-first-decentralised-adult-content-sharing-app-with-no-fees-for-creators/ + +https://meetcrypto .net/the-new-onlyfans-soaring-cryptocurrency-pornrocket-launches-worlds-first-decentralised-adult-content-sharing-app-with-no-fees-for-creators/ + +Contract: 0xcf9f991b14620f5ad144eec11f9bc7bf08987622 + +Website: [www.pornrocket.co](http://www.pornrocket.co/) + +TG u/prnrocketbackup (original got deleted for too much NSFW...) +My FIRE date is now about 7-10 years away. I'm considering a $320k mortgage on a $400k listed home after a 20% down payment on a home. I have two quotes, a 15 year @ 2% and a 30 year at 2.5%. (Moving from Bay Area to L/MCOL area.) + +The 2% 15 year is $2,059/mo. A 2.5% 30 year is $1,264. My income is $15k/mo after taxes, so both are extremely easy affordable. + +I'll look at a FIRE date of 10 years and a typical FIRE date of 15 years. + +Normally I'm an "invest the difference" kind of guy. It should be easy to find an investment that yields more than 2.5%, right? However, the 15 year is so cheap in monthly payment too, which quite frankly, is rare. It's tempting me. The $1,264/mo payment stream at a 3% SWR is $505,600 nominal to avoid sequence of returns risk. That is a lot of portfolio to carry around that investing the difference may not overcome. + +Investing the difference may or may not pay off either - I'll be using cherrypicked dates and investing in 100% stocks in VFINX - Vanguard's S&P 500 index fund. (For today - why invest in 1.5% bonds when you have a 2-2.5% mortgage to tackle?). + +# Mortgage Payoff Results +At year 10 of the 15-year mortgage the payoff is $117,483.53 +At year 10 of the 30-year mortgage the payoff is $238,606.83 + +At year 15 of the 15-year mortgage the payoff is $0. +At year 15 of the 30-year mortgage the payoff is $189,622.47 + +# Investment Results of Investing the $795/mo Difference + +1985 - 10 years later: $173,324 +2000 - 10 years later: $98,854 +2002 - 10 years later: $122,926 + +1985 - 15 years later: $646,159 - wow, over our SWR value! +2000 - 15 years later: $272,352 +2002 - 15 years later: $299,635 + +10 years cost basis: $95,400 +15 years cost basis: $143,100 + +# Lots of Math figuring out after-tax payoff values +Under the worst case year 2000 stock market case we're at: +238,606.83 30 year payoff - ((98,854-95400) *.85 + 95400)= 140,270.93. +117,483.53 15-year payoff -140,270.93 = -22,787.4 worse than the 15 year mortgage. + +Year 2002: $119,809.73 payoff after taxes, -2,326.2 worse than the 15-year mortgage - break even. +Year 1985: $76,971.43 payoff after taxes, $40,512.1 BETTER than the 15-year mortgage. + +All 3 portfolios have returned higher than the year 15 payoff. I'll just focus on the worst case and see if the taxes can possibly change the result: + +238,606.83 - ((272,352 -143,100) *.85 + 143,100) = -14,357.37 payoff amount (credit). We're AHEAD $14,357 by investing the difference. + +# TL;DR + +Invest the difference 10 years - 1985 start date - Huge winner +Invest the difference 10 years - 2000 start date - Huge loser +Invest the difference 10 years - 2002 start date - Breakeven + +Invest the difference 15 years - 1985 start date - WINNER CHICKEN DINNER - SWR hit +Invest the difference 15 years - 2000 start date - Winner +Invest the difference 15 years - 2002 start date - Winner + +A 15 year mortgage really warrants consideration if it's affordable, and your FIRE date is under 10 years. If given enough time, yes, it is mathematically advantageous to invest in the difference, but the shorter you're desiring a paid off house before your FI date to avoid a much higher SWR requirement, the more advantageous the 15 year becomes compared to the short-term possible riskiness of the stock market (or buying the $400k house in cash vs keeping a $505k portfolio invested in SWR terms). + +Going through this exercise made me re-think the 15 year mortgage for my FIRE goals. +Hey, + +I'm a bit confused and nervous with the current situation (title). + +Currently, I'm DCA-ing MSCI World+EM with the classical 70+30 proportion. + +Seeing EUR-USD rate, stock market going down, and the inflation makes me question my investment strategy. + +What are the best alternative? + +1. **Buy EUR hedged MSCI (or rather S&P 500):** betting that the higher TER+Tax when EUR regains its strength won't eat up the currency gain and S&P return. The stock market is going down though... + +2. **Buy (US?) Bonds now that the Feds and ECB hiked the interest rate:** betting stock market wont recover anytime soon, and the YTM won't be eaten by currency risk and the opportunity cost for future stock comeback. + +3. **Buy gold as store of value now that it's cheap**: betting it will goes up again when interest rate is going down. Reinvest to usual MSCI World+EM. Currency risk is there though, gold price RN in EUR actually is pretty high, thanks to EUR/USD rate. + +4. **Buy USD:** betting EUR will go down further, and buy back EUR when it regains strength, reinvest to usual MSCI World+EM. + +5. Some/all of them, but at what proportion? I can only DCA €1000 p.m., so my options are limited. + +Option #1 and #2 are definitely taxable where I live, 3 and 4 is nice from tax perspective as they are tax free after 1 year holding period. + +Thoughts, please? **What are you guys doing** + +**EDIT**: I'm super grateful with all these answers, some of y'all took your time explaining the basics to me. +Hi all - + +Current real estate investor here with 3 properties (1 SFH, 2 triplexes), 2 have a mortgage, 1 is fully paid off. Net cashflow is a little over $4k/month. + +My intention is to keep growing my real estate holdings in the next 10 years. But ultimately I want to get into larger commercial buildings. Maybe even luxury condos. +I'm involved in a a couple commercial deals as an LP. But what steps should I be taking to get to a 10+ unit building? + +Should I look into positioning myself as a future sponsor in these commercial deals? + +Does it make sense to go the "build" route and create an LLC, round up investors, hire a GC, etc.? (I constantly see advice on this sub dissuading people from building: "buy instead," is what they always say.) + +Or if I don't build. Should I just apply my same model (looking for deals, applying the 1%+ rule, rehabbing, forcing appreciation, etc.) but just for a building 10x the size? + +Sorry if this sounds very theoretical. But I'm just wondering how to get from where I am now to where I want to be in 10 years - owning 10+ unit up-scale or mid-market buildings. Maybe even a reduced number of buildings but with more cashflow. +[Previous Post](https://www.reddit.com/r/financialindependence/comments/gkpoom/fi_on_my_birthday/) in May. + +Today was my last day of work. I ran the numbers and retired with $3.23 million CAD against a target of $3 million. Target withdrawal rate is $100k / year. + +I hit the $3 million FI number 4 months ago today. I planned on retiring on Aug 15, but due to uncertainty in the market and a bit more equity coming in today, I decided to push retirement out one month. + +All my goodbyes were virtual (as well as all work for the last 6 months), I explained FIRE to a few people, they seemed interested but confused and a bit skeptical. + +I am really looking forward to the future, but it seems surreal to not be concerned with work or an external force driving my schedule. I have worked full-time for 23 years, and was in school full time for 19 years before that. Tomorrow is the first day of the rest of my life. + +Finally, I am going to have a few drinks to celebrate, so I won't reply until tomorrow morning. Cheers! +I needed to buy a plain shirt for work, so I visit the thrift store for the first time in a few months (haven’t gone back because of reasons I’m about to write)..racks of clothes that are either: overly priced and/or the items are heavily used and look terrible. I’m not trying to be picky, but it’s frustrating watching scalpers/resellers walking around and pulling all the best stuff to resell. Seriously? If these people really needed the money, they’d understand that others who come in to the store actually need these items at a discounted price and leave those items on the racks. I’m frustrated. + +Edit: I understand there are special cases..this is a RANT, people. I am not looking to have a discussion about who “deserves” to do this or not and why it is better to be a scalper. +I am fairly new to the Indian stock market (recently moved back to India) and have been doing some research on some stocks. I have noticed this recent trend of high dividend payout from most of the dividend-paying companies from March 2020 to up to recent months as compared to their historical dividends. Is there a particular reason that companies have been paying a higher dividend in recent years? Can someone please enlighten me? (For example, Britannia paid a DPS of 157.5 in FY2021 compared to 12.50 - 35 in past three years) +especially after the big crash rn + +people say its gonna peak again in the long term + +but how do you know, or is it wishful thinking? + +just curious + +&#x200B; + +Edit: Well.. with 800 comments i went and spent a day researching bitcoin. + +now i see money and the economy with different eyes. + +im not into bitcoin religiously but it definetly has a LOT of potential and is extremely important for non-super rich people on the world + +thanks for every comment + [https://www.spglobal.com/spdji/en/corporate-news/article/sp-dow-jones-indices-reports-us-indicated-dividend-payments-increased-12-9-billion-in-q2-2021/](https://www.spglobal.com/spdji/en/corporate-news/article/sp-dow-jones-indices-reports-us-indicated-dividend-payments-increased-12-9-billion-in-q2-2021/) + +**NEW YORK, July 7, 2021:** S&P Dow Jones Indices announced today that indicated dividend net changes (increases less decreases) for U.S. domestic common stocks increased $12.9 billion during Q2 2021, compared to $18.0 billion in Q1 2021, $9.5 billion in Q4 2020, -$2.3 billion in Q3 2020, and -$42.5 billion in the COVID-inspired Q2 2020. + +For the 12-month June 2021 period, the net dividend rate increased $38.0 billion, compared to a net declined of $22.7 billion for 12-month June 2020 period, as increases were $58.1 billion versus $46.9 billion, and decreases were $20.0 billion compared to $69.6 billion for 2020 period. + +“Dividends are starting to be back in vogue as many companies that suspended their dividends have started to pay again, while others who decreased their dividends or left them unchanged in 2020, have resumed increasing their payments,” said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices. “The overall increase in U.S. common dividends stems from the quick vaccination rate, which has led to significant increases in consumer spending and fueled U.S. record profits and cash-flow.” + +Silverblatt continued, “given the general acceptance of the reopening and absent a virus upswing, corporate confidence should continue to improve, as more return to resuming dividend payments and increasing them. At this point, for the S&P 500, 2021 is well on its way to a record payout with a 5% increase in the actual cash payments in shareholders pockets.” +Even though my tits are insanely jacked at this point, the NFT marketplace will get announced when it's ready, not when apes want it to. By creating expectations for Q3 earnings report, you are setting people up for disappointment when the hedge fuks inevitably tank the price during AHs/premarket on that day. Let's just keep focusing on Buy&Hodl&DRS. Q3 earnings report will be positive, therefore the price is likely to dip. + +Chill out folks, stay zen. Trust in RC. Assume fuckery during hype dates. Can't get disappointed if you didn't have expectations in the first place. +Hi all, + +Thrilled to share the GameStop NFT marketplace integration with Immutable is officially live! + +[https://twitter.com/0xferg/status/1587174624701255682](https://twitter.com/0xferg/status/1587174624701255682) + +**Why this matters:** + +This is one of the largest milestones in web3 gaming history. Fundamentally, games want audiences, and GameStop is poised to be a mainstream NFT marketplace (plus much more), leveraging the power of one of the world's largest communities + 50 million retail customers. Marketplaces also require content - and I'm thrilled to share Immutable has onboarded more games in the last quarter than in the last two years *combined*, and more than any other L1 / L2 in the world. + +We're taking Web3 gaming mainstream. And let me be clear -- this is not some passing fancy of GameStop exec, or crypto. More money has been invested in Web3 gaming in the last two years ($14 billion) than almost any new tech vertical *in the world.* It's more than the first decade of gaming investments of this century combined. This is a trillion dollar opportunity, but where the $ don't go to incumbents - they go to the players and users themselves. + +We are the beginning of a decades long shift to true digital property ownership. We're at the forefront. Let's show everyone what the future of gaming is - and make sure it's on games people actually *want* to play. + +**The future:** + +Looking forward to working closely with you, and the GME team, over the next decade. This is the first step of many. *Let me know any questions you might have in the thread below and I'll try and get to as many as possible!* + +**Start trading:** [https://nft.gamestop.com/](https://nft.gamestop.com/) \- every trade earns extra $IMX as a reward for the launch period. + +For now, + +[Robbie](https://twitter.com/0xferg) + +[THE GAAAMES](https://reddit.com/link/yine8g/video/fp9yycnu47x91/player) +Buffet seems to be a textbook example of the manager who loses touch with the drivers of the market. A failure to adapt to changing market conditions of fund managers over time is a point that is harped upon in A Random Walk Down Wallstreet, and is a symptom Buffet has admittedly been suffering from. + +I’m curious to see how those here reconcile the differences in investing approaches [Active (Berkshire)//Passive (Index fund)], since Berkshire seems to be mentioned frequently here as a prudent investment, as is index investing. + +EDIT: Many are questioning my saying Berkshire has underperformed an index fund for the past decade. [Link.](https://drive.google.com/open?id=0B929EowLRMEWdGRJNTZkT2ZaSnpWcnZwTFlkMXotYWxSQ0FB) +I read [this article about JPMorgan hoarding cash](https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html) ($500 billion so far) waiting for higher rates because they think inflation is going up and is here to stay. + +How does this make sense? Wouldn't that cash become *less* valuable with inflation? Shouldn't they be doing the opposite: leaving as little cash as possible uninvested? +I have an internet business that’s always been doing quite well, but has now entered a period of hyper-growth. My team and I are handling day to day operations fine; the business itself is quite resilient. However, I’m now dealing with stuff that’s an absolute drag on my mental state: I’m suing a former high-ranking (C level) employee, I’m engaged in disputes with competitors, etc. Part of my business is in a highly-regulated space, so I’ve had to constantly engage in discussions with my lawyers and obtain their sign-off on pretty much anything I do, keep up to date with the latest regulations and case law, etc. I feel overwhelmed by everything that’s going on. How do those of you who are business owners, especially in regulated spaces, deal with it all? +I don't know who needs to hear this but if you're new and thinking of getting into this industry you should know that true trading is incredibly boring, you won't find fulfillment in trading unless you find making money fulfilling. Once you pass the learning phase and get into the profitable phase, it's all about coming to the charts taking your setups and just letting your edge play out. The excitement and emotional rushes you get from winning and losing should not be there if you have an edge because in the end you should be at a level of understanding that the numbers will play out. The only fun part of trading is when you are in your learning phase. Some of us are actually in the phase of profitability already but mess it up because it's boring and we have a need for emotional excitement or don't trust our system because of how many times we've failed in the past. But truly in the end Trading is a very boring yet lucrative profession. +I've been thinking of options to help them long-term. A share portfolio, long-term savings, pay their school tuition? + +I want to do something to help set them up in life and not necessarily a large sum of cash they can blow on silly things as 18 year olds. + +Edit: I'm not their guardian just want to provide for them. I have every intention of also offering love and security. They are under the age of ten. + +It would be a gift but I can't help thinking that as their parents didn't have a long enough opportunity to grow their wealth the children won't receive very much inheritance down the line. + +They are taken care of for the immediate term. +On August 25, 2021, a mobile game based on the Marvel Universe was released - named Marvel Future Revolution. In connection with the launch of the game, we are announcing the launch of the Marvel Future Revolution Coin. + +You will find not only familiar game zones such as New Stark or Hydra Empire in the game, but also special zones in PvP modes, special challenge zones and the Secret Zone, where Marvel Future Revolution Coin will open up new opportunities for you. + +Players will be able to choose one of 8 superheroes. Using Marvel Future Revolution coin, you will be able to promote your superhero, customize his skills and appearance. + +There are over 400 million skins combinations in the game. If you buy the Marvel Future Revolution coin among the first, you will receive a unique skins as a gift. + +Join Telegram: https://t.me/MarvelFutureRevolution_coin + +Token Name: Marvel Future Revolution Coin + +Token Symbol: MFRC + +Token Supply: 1,000,000,000,000 + +Burn: 500,000,000,000 (50%) + +Team tokens: 50,000,000,000 (5%) + +🔒Team Wallet lock in 1 year + +No tax. + +No fees. + +Initial liquidity: 10-20Bnb + +🔰Using Marvel Future Revolution coin.🔰 + +✅Promote your superhero + +✅Customize skills and appearance + +✅NFT Market + +✅Skins as a gift for buy MFRC + +✅Huge Marketing + +📌OUR OFFICIAL CONTACTS + +🔘TELEGRAM https://t.me/MarvelFutureRevolution_coin + +🔘TWEETER https://twitter.com/Token_Avengers + +🔘WEBSITE https://mfr-coin.tech/ +So I am the son of a mechanic of 35 years. He's been able to keep up with the current technologies and has worked on some of the most basic and advanced vehicles in the modern era. + +It pains me to see people say, "buy a cheap reliable car" as if that is something easy to do. Unless you know a good mechanic that has access to dealer trades and auctions it can be tough. Here in SW PA, cars over 150k miles are usually junk. Rust due to salt, transmissions blown due to hills, etc. Unless you live in the suburbs, cars are not garage kept. My dad and I set out to find my grand mother a replacement car. I gave her a 2005 grand prix in 2014 with no rust and in 4 years of being outside, the rockers cannot be patched anymore. + +We looked at around 35 cars and unfortunately my dad is retired. So he does not have access to dealer trades or auctions and most of his contacts have moved on or retired as well. This is a compilation of what we saw. + +&#x200B; + +35 vehicles total + +&#x200B; + +20 costing between 4-8k + +* 11 had rust beyond belief +* 6 had check engine lights for multiple things (dad had a scan tool) +* 3 had a fair bit cosmetic or mechanical issues (suspension or a ton of wear items) + +&#x200B; + +15 costing 8-12k + +* 6 had too much rust +* 3 had check engine lights for multiple things +* 3 had a fair bit cosmetic or mechanical issues +* 2 were priced way over market value +* 1 we found for just over 12k that we bought (was listed at 14k) + +We looked at a wide range of cars. Sure about half were GM, but the rest were Subaru's, Toyota's and Honda's. So this idea that people can "easily" find a "cheap but reliable" beater is a but insane. Many of these cars would cost even us thousands to maintain for a year. They could easily strand my grandmother as she travels to my uncles house every month (2 hour drive). Her old 2006 grand prix started to have issues, water pump, suspension work and the rockers were shot, patched 3 times. + +Now I am not advocating for buying a new car. But we ended up reaching out to my other uncles and they all put together money for a 3 year old chevy trax for her. It has far more safety features than her old car, does much better in every crash test, should be reliable for 3-5 more years, etc. We could have gotten her a sonic/cruze but she didn't feel comfortable in them (too low and small) and she's in her 80's so comfort is a thing. + +But the moral to the story is, when offering "advice" you need to understand that a "cheap but reliable" car is not an easy find and if you live up north very difficult to do in many cases. Don't assume that everyone has connections and has a reliable mechanic that can easily find good and cheap deals. My dad found me that 05 grand prix that I drive for 5 years and it was about 8k when I bought it in 2009, but that was back when he had unlimited access to thousands of cars. + +&#x200B; + +\*\*\*EDIT\*\*\*I want to clarify something. Reasonably safe & reliable vehicles do exist under 5k. Even in my area. Out of 1 gem there are 10-20 POS Junkers. My point is, the average person cannot change their own oil. They wait 6 months after the oil light comes on to change it, drives tires to the cords and didn't know you need to replace brake pads. Those same people also don't have a reliable mechanic, know someone at a dealership or someone who goes to auctions. They do not have the know-how to find a cheap but reliable car. And if you take a look at the marketplace or Craigslist, people who are selling most of these cars say, "Only needs $20 part to pass inspection". And if you're on a 5k budget, can you afford to take 10-15 cars to a mechanic charging $100-150/car? + +Let's also take a look at safety. Back in the day, without automation, head-on collisions were far more common this is why there was not need to put the front brace all the way across the front of the car. Due to better safety features, small-overlap is more common. You're 2004 civic has no front brace at a 15\* offset but that 2017 Cadillac the other person is driving does. So surviving a small overlap crash in an older vehicle is actually very low. + +I am not saying buy a new or expensive car. My point is, once you're financially sound, you should look to save and buy a more reliable and safe vehicle. Spending 10-14k on a CPO vehicle, unless you're in a financial mess is not a bad idea. Those Sub 5k beats can cost more than double in maintenance in just 2-3 years. Take that 5k, put it down in a 2-3 year old CPO vehicle and pay off the other 5-9k over a 2-3 year period and drive that car for another 5 years. If you HAVE to get a beater, PLEASE get someone who can help because I've seen hundreds of people get swindled. + +&#x200B; + +\*\*EDIT 2\*\* I own a 2017 golf which will be paid off this year and wife drives a 2015 Sonic which will be paid off in a few days. We plan on driving these cars for awhile. We are considering upgrading her in a few years to a 2-3 year old car but with cash. +If you read the GDAX update, you know you're not getting your money back. This is for those with their stomach dropping as they realize that so much of their principle and gains (if not all) is now gone: take the day off from work; call in sick and grab a drink. Vent to a friend. + +I remember that stomach-drop feeling after I sold my 2k ICO ETH for less than a dollar about two weeks before it began its climb to $6 (I had no more fiat reserves to buy back in). I remember that feeling after I traded my hard-earned 750 eth (regained over a year after I sold the 2k) for ICN to make a 'quick return' about a week before it climbed to $30...then $50...then you know the rest. I remember that feeling from about 3 weeks ago when I accidentally sent about 100 ETH to a bad address. + +But life goes on. It's not over. Crypto is still a baby. Ya know one time in head-to-head poker I was down over 90% of my stack--the other guy thought he had it in the bag and then I came back and won. Ya know how? Patience. Waiting for the right moments to go all-in. + +I am thoroughly convinced that you can take a small sum of money today: a thousand dollars or less, do your due diligence in upcoming projects like Cosmos, Polkadot, Tezos, and others for ETH-like future returns. There will be **so many** more opportunities to ride the wave up. Buy it and forget it; don't try to trade it and you will be pleasantly surprised in a couple years. I guarantee it. That 2k ICO ETH I told you about a few paragraphs above cost me $550.00. + +There will be more black swan events that cost the entire ETH market 70%+ of its price tag. There will be more coins and tokens that trade for $0.20 today or at ICO which will go up thousands of percent in the future. + +Good things are ahead. You didn't miss out yet. Take a break and take a breath. Then start over. Good luck. + + + +Additional questions: does the attractiveness between these asset classes change when not in a recession? What is seen as the least valuable asset class during a recession? Why? +First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. + +Economists surveyed by Dow Jones had been looking for 2.4 million claims. + +The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of decline following the record peak of 6.9 million in late March. + +In addition, a review from last week brought the number down substantially, from 2.98 million to 2.69 million. + +https://www.cnbc.com/2020/05/21/us-weekly-jobless-claims.html +Love math, love stocks. I'm 26, trying to go back to college. + +I know that Hedge Funds that rely on math and statistics are the future but I don't know anything about the Quantitative Hedge Fund industry and how competitive it is. The older you get, the less delusional about your goals and ambitions you become. You start wanting to just have a normal job that will pay you decently to support a family. I was wondering if this is a risky career choice for people who would want a family in the future. Also, how much do those guys get paid on average? +Recently turned 18. I've seen the YouTube videos of people starting with nothing and achieving financial freedom. I'm a full send type of person. My parents would think I'm crazy. My dads been a real estate investor for 20 years, i know more than most investors and agents. I've ran dropshipping stores, Instagram pages, I can run Google ads like a champ. I am thinking about moving about an hour away (to Nashville) and trying to go from $1000 -> financial freedom. Any thoughts? +My husband and I are in our twenties and both college educated. We have one child who is not school aged yet. Between us we pay almost $1000 in loan payments a month. We have one car paid off and one care we pay on. We are both making between 25-30k before taxes. We send our son to daycare three days a week and my MIL watches him the other two.... We are currently living with family rent free, to help save us for our own place. When I think about paying a mortgage, full time child care (if we decide to move away from family), another car (when one inevitably dies), etc etc., I just don't think we will ever be able to do it. On top of that, I don't picture either of us making much more money w/o going back for another degree. After spending hundreds of thousand of dollars on school, how are we supposed to make ends meet on these salaries? I am just lost.... I feel doomed to live here forever. +>Radius Financial, one of Canada’s most competitive insured mortgage lenders, just launched a new **0.99% adjustable-rate mortgage (ARM)** for default-insured mortgages. + + +Canadian mortgage rates are *unbelievably* low. I seek to understand why there are people willing to lend their money at 0.99%. Considering that there are products out that garantee a 4% return for large sums (though illiquid), why are (a) credit union investors and (b) private lender investors interested in lending at 1.5%, and now.... at 0.99%? + + +I'm told it has to do with a tax-payer backing that removes too much risk. That it's effectively free money as us, the tax payers, are always making it a "risk-free" investment. + + +**Question**: Is that true and can someone working in banking here can give a good explanation? + +From RateSpy this morning: +[https://rates.ca/resources/new-record-low-canadian-mortgage-rate](https://rates.ca/resources/new-record-low-canadian-mortgage-rate) +Hi Everyone, + +I’m new to the game of buying stocks. Just recently got into it this last month. Just want to make sure I have secure future. + +I’ve been reading about ETFs and looking to invest. Everything I invest in is for the long run. Not looking to make a quick profit (but hey if that’s possible too just let me know how lol). + +Anyone recommend a good ETF for a beginner like me? Any other advice would be highly appreciated. + +P.S. Was able to secure some $AMC last week and am holding! +do* + +(this can go for any sex btw...prenup with your bf - this is just my personal situation) + +I'm actually single now, but in my last recent relationship my girlfriend asked me if I was going to make her sign a prenuptial agreement. I said we would figure out something thats fair especially if kids came into the equation. But I didnt have a great answer. + +I guess ideally I think that a spouse should vest into wealth over time instead of expecting a payday if things dont work out. For instance if we marry for 3 years and she files papers I dont see why she gets anything at all. However, if we are together for 15 then that starts to change. And if kids come into play then it changes a lot but within reason. Maybe like 1-2% of my net worth (after year 2 or 3) per year for 15 years with a maximum of 25%? Do they even get structured like this? + +And what if you built a business, do you ring-fence that somehow? At the very least id want my net worth calc to be based on the book value of that business and not a multiple. I cant imagine buying your spouse out on future outlook value of a business, that would be a nightmare. + +This is all up in the air though and Im still thinking about whats fair. + +What are your thoughts? +Not only are most current accounts in the UK free, but many banks actively *give* you money if you switch your current account to them. Presumably the cost of admin required to maintain customer services is not insubstantial either. + +My question is, what are the banks getting out of it? Do enough people end up paying overdraft fees to make the sums add up? +So I missed out on profits today. More importantly I missed out on tax deductions from no capital losses. On top of this I lost money on the pokies. + +Can I sue the Asx for all this plus the beer while on the pokies, it's really ASXs fault +[Source at IRS.gov](https://www.irs.gov/newsroom/irs-opens-2019-tax-filing-season-for-individual-filers-on-jan-27) + +The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020.  + +Taxpayers can get free help preparing and filing taxes through [IRS Free File](https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free) online or [free tax help from trained volunteers](https://www.irs.gov/individuals/free-tax-return-preparation-for-you-by-volunteers) at community sites around the country.  +I've created a tool that helps me find the best credit spread to sell for the 0 DTE SPX strategy. I'm making it public, hopefully it will help other people as well. + +It finds the optimum spread width for each short option, while calculating various other values like return on buying power and distance from the current price. All the data is calculated in realtime. + +https://www.spxcreditspreads.com/ + +Your feedback is very welcomed and highly appreciated! +As some of you may be aware of, there's some controversy over at WSB. As r/thetagang, I believe we are more obligated than ever to take their tendies away from them. Selling options is great, but what do we do about these big moves both ways in the market? We're going to follow a trade Brittany from tastytrade made so we can see the effects of management real-time and hopefully learn some techniques to prevent losers and minimize losses. + +&#x200B; + +https://preview.redd.it/y618ncg2acr41.png?width=1577&format=png&auto=webp&s=43287ca18bf2690686132c61a7f1e8ec34f66aaf + +Brittany sold the May 15 157/159 207/209 Iron Condor for $0.73 on 4/2 (before the rally): + +&#x200B; + +https://preview.redd.it/4862fwmracr41.png?width=1641&format=png&auto=webp&s=7df11109fc76799e0e4b979881a84de1acfe01c4 + +&#x200B; + +No one likes to see a rally like that right after they sell a Condor. While the underlying is still between her short strikes, it's in a much less favorable position: + +&#x200B; + +https://preview.redd.it/eec3yv12bcr41.png?width=1638&format=png&auto=webp&s=9eb9c1f84cdb243d586ad7b76216ddc8d7e26cd4 + +&#x200B; + +That's dangerously close to her short Call strike, and there's still plenty of time in her trade. So what does she do? + +&#x200B; + +https://preview.redd.it/svq3g569bcr41.png?width=1577&format=png&auto=webp&s=d4c71eb9f0895a7dd4041a14bb464f3f203d9bc2 + +She buys back her 157/159 Put spread (for a profit because of the rally in QQQ) and sells the 171/173 Put spread closer to her short Call strike, collecting an additional $0.15. This is referred to as 'rolling the untested side'. Let's look at how it affected her position: + +&#x200B; + +https://preview.redd.it/jf2sbtjqbcr41.png?width=1638&format=png&auto=webp&s=e822beb5e5942c2ae77cee1d381035f28e39520d + +Her credit received went to $0.88 from $0.73. + +Her max loss went to $112 from $127. + +Her Delta in the position was reduced (and therefore her directional risk). + +So for no additional capital (and more importantly, no additional risk), she increased her max profit AND reduced her max loss, while IMPROVING her probability of collecting 50% of her max profit (which was her original profit target). The only thing she gave up? The green area from 159 to 173. But QQQ is pushing 200, so who cares? Let's take a look at her break evens now: + +&#x200B; + +https://preview.redd.it/7pxr057yccr41.png?width=1638&format=png&auto=webp&s=f3dd6afbfe1ff4d4c0f28af38ca6632b54e60eee + +Looks pretty solid to me. + +&#x200B; + +I'll do a follow up post once she closes the trade and we can look at any other managements she made and whether or not they worked for her as well as some overall takeaways. + +&#x200B; + +Don't let Vega get your tendies +Nasdaq had its worst day in over two years, S&P was down over 3%. I've personally never lost so much net worth in a day as I did yesterday. https://www.cnbc.com/2018/10/11/us-markets-focus-on-wall-street-rout-as-it-batters-global-markets.html + +Futures point to another big loss today. This could all be a blip and we're back to a new record next month. Or it could be the start of a multi-year bear market. We might lose 20 or 50% over the next few years. I have no idea what will happen. + +If you were too heavily exposed to stocks yesterday morning before this happened, it's too late now. *Don't panic*. Hold on tight :) The people who made a killing over the last decade did not panic sell when the market started to self-destruct a decade back, and instead spent years buying up more equities. +My dear friend is stressed. + +He recently finished building a home and decided to sell it on completion (to move in with his new gf). He sold the new house at auction. Unconditional. Deposit was paid. + +Ever since the contract was signed that weekend, the buyers have clearly got cold feet. Mentioning that they paid too much. And I think they are spooked by interest rate news. + +Basically, they are combing over the property trying to find a reason to cancel the contract. + +At the moment they are claiming the rainwater tank is too close to the fence line in breach of council rules. + +And as such they are claiming grounds for cancelling. + +Does anyone know if this is legitimate grounds for cancellation. + +I thought buying at auction means it is unconditional? + +My friend was happy to move the tank but the conveyancer has insisted not to touch the property now without amendment because the contract is signed and final. + +I don’t think the buyer wants it fixed. They just want to get out. +I am fatFI, though not as fat as some others on this sub. I have always had a strong career drive, but lately it has just fallen off a cliff! I am 41 and still working, but I can't seem to get motivated to do anything at work. I make more passively than my total comp at work at this point. + +I am in a weird funk. The world makes less sense to me everyday. Maybe I should stop coming on reddit, twitter, etc. Everything is so toxic. I don't know why I should work to make something better...why bother? Definitely nihilistic vibes over here! + +I am starting to accept that I might be "done". At 41 that is kind of scary to me. I'm trying to focus on other goals (getting in better shape, family etc.) to keep my ambitious side alive. Does anyone here relate to this? Any advice? +For almost 7 years I was a dyed in the wool value investor. I did very well. + +As I would look back on stocks I passed on investing over the years I saw many of them went to zero or close to it. + +So, I got the bright idea of using LEAP put options on companies I would never go long on. + +I started in the casino, hotel, and resort space. I spent two weeks one by one researching and then ranking each company based from strongest to weakest on all the metrics and benchmarks Graham talks about in the Intelligent Investor (interest coverage, what their bonds yielded, working capital, credit rating, etc.) + +My goal was to find the absolute weakest company in the sector/industry. A company with an atrocious balance sheet that was barely surviving. + +In my mind I thought it would be the perfect one to bet against. + +I found it. It was Penn National Gaming (PENN). They ranked number one as the weakest company. They have billions in debt, negative working capital, negative tangible book value, and not enough money before tax to cover the interest payment. + +They have had to continually issue new shares and dilute their stock. Their current shares outstanding are 200% higher than they were 4 years ago. + +PENN reached a low of $3.50 during the March crash. When I finished my research it was at $28. + +My thesis was that with the company being in such horrible financial shape and their casinos being closed for so long would take the stock back down and potentially make the company file Chapter 11. + +Even if their casinos reopened I did not think that they could survive on a fraction of their former traffic. + +With all that in mind it seemed like it was possible for the stock to go back to what it was in March. + +I had such conviction I invested $1,000 in puts with a $3 strike that expire in January. + +I made one big mistake. I didn’t know about Dave Portnoy when I initiated my position. I didn’t think Barstool could generate enough revenue to save them. + +Dave Portnoy is the equivalent of Elon Musk in the sports world. Just like Elon’s tweets move Tesla Portnoy has been able to move PENN. + +I don’t blame him. I just made the mistake of overestimating the influence one person can have on a stock. + +Today the stock is worth $49. I bought my puts when stock was at $28. + +I’m down 70%. The money I lost does sting, but it doesn’t bother me. + +I went in knowing I could lose it all or make 42X my money. I saw it as an asymmetric bet. + +But, at 24 years old this lesson will stick with me the rest of my investing career. + +Look beyond the balance sheet +Hi everyone, bob here. + +I posted this same data yesterday (with less detail) and have gotten a tidal wave of requests from fellow apes to repost for visibility, so here I am reposting an update to the update on FTDs because: + +https://preview.redd.it/93f8misf0q981.jpg?width=622&format=pjpg&auto=webp&s=dc513ba7e06e516766e895303a7b9974e6b123e1 + +[Original post](https://www.reddit.com/r/Superstonk/comments/rv6k8o/an_update_to_cycles_ftds_and_options_oh_my/) (with some juicy updates) follows. + +I'm bringing you another update on the FTDs and how they might play with the cycles upcoming I'm tracking. + +# The FTDs + +[C35 from options fuckery leads to ups a few days later, and we have large incoming FTD pile from abusive ETF shorting in our most recent delicious ass dip](https://preview.redd.it/6fmehf7p5l981.png?width=1291&format=png&auto=webp&s=f00aac3f7119ea62b31c6e25a5c0d5173ba2cd6e) + +**Also in Crayon** + +[Same basic date range. Things are stacking up.](https://preview.redd.it/qsb4uhaq5l981.png?width=2014&format=png&auto=webp&s=0a16c735b89d0ed09d5919063ed3019997b88bb2) + +**And Crayons of a different flavor:** + +[u\/bobsmith808 ftd data projections, overlaid with u\/gherkinit's futures theory & u\/leenixus' SLD cycles theory.](https://preview.redd.it/6c3abtx56l981.png?width=1590&format=png&auto=webp&s=dcde60f83839cca7b3880b9e675ebd758262099d) + +**I'm pretty jacked for January. At this point, I'll not be a broken record on what this may mean - have a look at my other DD on that subject.** + +1. [DD Cycles](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/?utm_source=share&utm_medium=web2x&context=3) +2. [Intraday price suppressions/manipulation](https://www.reddit.com/r/Superstonk/comments/p7sofm/update_analysis_to_options_fuckery_to_manipulate/?utm_source=share&utm_medium=web2x&context=3) +3. [Older cycles and exploration of interactions](https://www.reddit.com/r/Superstonk/comments/o32geb/update_on_t21_cycles_and_dd_on_dd_by_ucriand_and/?utm_source=share&utm_medium=web2x&context=3) +4. [All My Data (and other wrinkly ape's contributions) on the markets, GME, and popcorn, for comparison](https://drive.google.com/drive/folders/1poM5S5qaiyyLd40gWSgKdn3ONzWbgdfj?usp=sharing) +5. Check out Gherk's DD [on the futures theory here](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/?utm_source=share&utm_medium=web2x&context=3) to understand some more of the cycles +6. Also you should see the SLD DD by u/leenixus as well to understand everything that is coming together right now. +7. Also check out this post for a [basic understanding of the sld periods](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/) by u/dentisttft (wherever he is) + +# TADR? + +I expect we start seeing slow climb on 1/3/2022 that will lead into some type of violent price action when the pileup of FTDs, Cycles, and SLDs converge. + +# Bonus: + +**An ape that actually found the last post wanted to see how the data looks compared to last year.** + +Well, you be the judge: + +I put together what should be very familiar looking charts. These are of the same time period as above - just a year earlier. + +# The FTDs + +[Looks pretty familiar eh? The big difference is the threshold list, and the RC buyin. Also liquidity... more to follow after we play with crayons.](https://preview.redd.it/l38mr0vi4q981.png?width=2104&format=png&auto=webp&s=6bfe48fc3321c6072992780b339dfe9602ed5448) + +**Crayons of a different flavor, part deux** + +[Oh, my tits!](https://preview.redd.it/kqbajdnx8q981.png?width=1517&format=png&auto=webp&s=d0cfb57e97dd36e481b89ed84293bf199301f54b) + +**Deeper Data Analysis** + +[Goddamn, i can only get so erect...](https://preview.redd.it/n83eggk0gq981.png?width=924&format=png&auto=webp&s=49c6dabf759f19c61ffc7a1db3cb588e6dd60aa3) + +In closing, the bonus analysis has me running to the fucking doctor to see if i can get them to calm the fuck down. + +# See you on the moon. +Early 30's married DINK in upper MCOL area (Triangle area in NC), recently bought our single family home this past summer. $700k with 20% down, 4.5% interest rate. Make $200k combined, no debt. Retirement could be better ($50k combined) but we are working on that. Our friends and family are implying we made a huge financial mistake and put too much into the house. They seemed shocked when I told them our mortgage was $3000+... + +Financials below. + +Post tax monthly income: $11k + +Mortgage: $3100 + +Utilities: $400 + +Gas: $150 + +Phone: $60 + +Groceries/eating out/household: $550 + +Subscriptions: $30 + +Pet supplies: $100 + +Car insurance: $140 + +=Left over roughly $6500. Roughly $5000 will go into retirement and the rest will go into our savings for whatever. + +Savings: currently $60k (emergency fund, sinking funds, house repairs fund). We have already spent $30k on new floors, new HVAC & water heater. + +We do not plan to have kids. I have considered renting half our house out if needed. Did we really make a mistake here? +I am a 23 year old pizza delivery driver currently saving up money to transfer to a 4 year college when the pandemic ends. Right now I have $13,000 in savings and by the time I go to college next fall I should have about 20,000. I have heard that if you put $100 a week into a 401(k) when you are 20-30 you’ll have $1 million more than if you wait until 30. The college I am going to is in a small town so I’m not certain I will be able to find work. My father has agreed to pay most of my tuition and housing cost but I need to pay living expenses. I’m tempted to start a Roth IRA but I feel I Might need the money for 4 years of college while I get a MD +I'm a simple ape. + +Someone mentioned Sears surging 100% today. And it got a lot of attention. Which is good, cause crime. I tried posting about sears Canada in the at thread and I felt like it didn't really get the attention (the topic, not my comment) it deserved. + + +I don't know how to post anything other than the stuff I type. + +So go check it out. That's the biggest surge I've ever seen on any stock or any crypto for that matter. Sears Canada. +I had to let myself have 2 months of "playtime" where, for example, I went kind of wild and embraced the "treat yo' self" ethos I felt I'd been denied for so long. At last, I could get groceries delivered from a premium store instead of lurking the reduced section at my local low-tier supermarket and lugging it home myself. + +I've now since reigned that in and have gone back to a more balanced grocery budget. I think allowing myself to splurge for a little bit scratched that itch of wanting nicer things. I'm back to basic groceries and watching deals/offers like a hawk instead of throwing whatever I wanted into my online cart. My overall budget is looking a lot healthier and my debt is steadily on the decline. + +But what other traps are out there, ready to rope people back into poverty, even if their income has increased? +The 29-yr old co-founder of MakerDAO, Nikolai Muchgian has been found dead in San Juan, Puerto Rico after tweeting the following from his personal twitter account: + +>CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death. + +Link to the original tweet: [https://twitter.com/delete\_shitcoin/status/1585918718088970241](https://twitter.com/delete_shitcoin/status/1585918718088970241) + +Announcement of his death: + +[https://twitter.com/omnicraig/status/1586432239105060864](https://twitter.com/omnicraig/status/1586432239105060864) +It's been an absolute grind. I've had horrific jobs, almost been homeless, definitely been hungry, but I've finally moved past it. About 7 months ago I landed a new job selling basic pharmaceutical equipment and I've been able to get out of the poverty grind and actually save up enough padding to really work on my debt. + +I cried this morning when I checked my balance. I still can't believe it isn't a prank. All thanks to a new job and tips I learned here. + +Thank you! +Last week several of you said to not do anything until the CPI number is released. Well, if that was you, that was a good call. + +The next question is, does this CPI number cement a 75 basis point increase? Is that now built in to equity prices and would a surprise 100 basis point increase crash the market more? +I see many posts of people trying to double their accounts selling high delta, usually on high growth tech. Im not knocking it, just curious if anyone out there like me with a much more “basic” strategy. I’m sitting on a large portfolio and perfectly happy selling low low delta/way OTM calls with little risk of being assigned, I do occasionally have to rollout but rarely. I usually close at around 70%. These pennies add up and usually end the year with an added 4-6% from my CCs on top of whatever my portfolio returns. My portfolio mirrors and performs closely to the index so I’m very happy with this when I add it to my portfolio appreciation. I will never return more than this but I’m ok with that as I see this as basically “free money”. The stocks I own have little chance on running a crazy amount on me in the 30 DTE I usually sell as I avoid earnings. Any similar “boring theta-gangers” out there. + + +I want to open a bank account at 17, without my parents finding out. I have money saved and my parents know I have some, but they don't know how much. They could take it whenever they wanted. I want to be able to keep it somewhere my parents can't find it. + +I currently have a bank account, but they fully manage it, and don't share the details even after I ask (I need to focus on studies, my money is theirs, family has no boundaries, etc. ). I know that they will continue doing so for as long as they can, and I don't want to end up financially dependant on them, even once I'm older. + +I have done some research about this and have found stuff like a [halifax account](https://www.halifax.co.uk/bankaccounts/current-accounts/youth-account.html#), but I don't know how the process would work, or if it is even safe/smart. Does anyone have any advice/suggestions? +There seems to be an influx of new "traders" that literally spam the same questions about the same 2 tickers on a daily basis, asking us if they should spend their life savings on a single position or how they can buy a certain hype stock as quick as possible because they heard that those might go up indefinitely, never having made a financial decision like that in their life before, most don't even seem to know the very basics but want to make quick money. WSB used to be a funny little subreddit in which you could discuss serious DD and also post your losses on stupid trades (no upvotes for green accounts), now it's some kind of weird echo chamber and it's suddenly "cool" to be part of it and also take part in every stupid idea people there come up with, not to mention it's toxic, e.g. harrassing Andrew Left is not okay, you might not agree with him, but he has made some valid points most people don't even want to consider because of mob mentality, just the keep the insults out of this sub please. + +It feels like the same kind of people are now slowly taking over this sub, sorting posts by "new" is pointless because the same stupid questions that could be answered with a 10 second Google search are asked every 10 minutes, if you don't have the patience for that, or even reading the sidebar you shouldn't be able to post here and spam this sub because it drowns the few actually interesting questions and discussions that don't concern Gamestop, Palantir or Blackberry or gambling away your family's life savings. The worst thing is that people who have no clue get positively reinforced by members of this sub "yeah totally yolo all your savings into GME". This is not WSB, people should at least put some thought into their posts. + +The moderators should be a lot tougher again and curate the sub more, keep out the toxicity, make sure people get useful advice and are not lead into financial ruin (some can't tell the difference between irony and serious advice). Several uses have suggested to put more of an emphasis on to FAQ and Q&A sections as well, many people already use the daily threads and and post good questions and discussions, let's increase its use. + +The quality has deteriorated so much, I almost don't feel like scrolling through the sub anymore. + +Excuse the wall of text but it's been bothering me for a while now, anybody else feel the same way or am I just delusional? + +Edit: Thank you all for your contributions, seems like we got a real discussion going here, which is great, let's all stay civil though, even if it's a controversial topic, please don't insult the posters you don't agree with. +We’ve elected to start school online this fall and I want to add some items to my daughter’s curriculum that she wouldn’t get in school. + +I’d like to teach her how to budget her money. I plan to start giving her an allowance of $100/ month. + +I’m looking for some creative ideas of how she should allocate that money as though she were an adult with a household to manage. + +I have my own ideas, but I’d to hear other ideas or whether someone has done something similar. + +Thanks in advance for any suggestions. +Is anyone here old enough to remember how market sentiment was surrounding the Big 5 banks during the 1989-1996 burst of the Canadian Property Bubble? I can see on historical charts that the stock prices went down about 15-20% on average in 1990 and then returned in 1991 to about what they were in 1989. They then treaded water until 1996 when they surpassed their previous highs. What were people saying about the banks at the time and the housing market in general? + + +You can stop reading here if you just want to answer the question but I will provide backstory on why I am asking: + + +I know that the crash of Canadian housing has been predicted a million times in the last 20 years, but it occurred to me recently to at least be aware of the possibility it could crash as interest rates rise in the coming months. + + +A relative of mine owned an attached house in Hamilton which is 700 square feet, the house opens into a small living room which can fit only small couches in it with no table space and a small galley kitchen on the bottom floor. It then has an extremely steep staircase that leads up to a one bedroom that can only fit a bed, a spare room which is even smaller and a small bathroom with only a shower. This house is located on a one-way road in an area with street walking prostitutes and somehow has a stray cat and rat problem at the same time. There is no driveway and the backyard is just a stone patio. It is not a safe neighbourhood or anywhere where you would want to raise a family. + + +My relative bought this house in 2017 for $139,000 and it just sold for just under $500,000 in the summer. + + +I calculated the expenses and market rate of renting that house and estimate that at 5% down the renter would be out of pocket around $550 a month without any maintenance budgeted for. 20% would be better but still out about $200 a month not budgeting maintenance. + + +I have looked at the cause of the 1989 crash and I can see some parallels to today. In the 1980s inflation was so high that people were buying to preserve the value of their dollar and were certain it would continue and their mortgage would grow to be a smaller and smaller percentage of their household budget due to wage inflation. This inevitably was counteracted with interest rate raises that brought inflation down and people found that they had drastically overpaid and could not handle the increase in interest payments. + + +Today people are buying at higher and higher rates because they feel that housing prices are going to continue to soar for years to come and the price growth of the house will outpace the extreme price that they pay today. People are becoming less and less concerned about being cash flow positive and many people are overextending themselves on loans to buy properties which will be sensitive to rate increases. Today we also appear to have an inflation issue. + + +One more interesting thing: the government increased immigration from 190k people per year to 250k people per year from 1989-1993 but the property prices continued to decline. In 1997, Hong Kong was handed over to China and a ton of money left Hong Kong to foreign property markets (notably Vancouver) which seems to have ended the downtrend at least in BC. +I’m really encouraged by this community. Whether its the noob questions or pro advice, I’m finding that I know a lot more than I give myself credit for, but also always have so much more to learn! I’ve been trading for 2 yrs now and what keeps me going is finding people I can relate to. Most of my friends are locked into careers so sometimes it’s hard to find people that can relate. Hope y’all have a good profitable week! +copying text from post by /[u/fightforthefuture](https://www.reddit.com/user/fightforthefuture/): + +**RED ALERT: The Senate is about to vote on a bill that could kill crypto** + +This is a red alert. A provision that’s so [poorly](https://www.techdirt.com/articles/20210802/17045447294/bidens-infrastructure-bill-shouldnt-undermine-cryptocurrency-infrastructure-process.shtml) written it could crush the cryptocurrency ecosystem and dramatically expand US government [surveillance](https://www.eff.org/deeplinks/2021/08/cryptocurrency-surveillance-provision-buried-infrastructure-bill-disaster-digital) has been added to the must-pass bipartisan infrastructure package at the last minute. Fortunately, Senators Wyden, Toomey, and Lummis have introduced an amendment that would fix the language and clarify that the expansion of the definition of a “broker” doesn’t apply to open source software developers or validators like miners or stakers. + +**Call your Senators right now at 517-200-9518. We'll connect you to their offices and guide you through the process.** + +**When a staff member answers, tell them:** + +**“Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”** +I've been postponing buying at 3, 5, 7, 10, 12, 15, and now 23. I did buy some when it was a .8 though... I've just been expecting a correction and didn't finish dollar cost averaging. And well... it's fine... though, now I'm at this point... is it worth buying in again? Do you guys think price will crash once it hits a major exchange? How it's gone up is just unreal... but there is clear value in what Raiblocks is delivering +I know a few people on here have made some money either short or medium term with various algos/bots, but does anyone on here use income from trading bots as their primary source of funds for rent/food/booze? +Hey everyone hows it going ? + + +I think I am going through he classical Kubler-Ross stages of grief when it comes to Sydney house prices (denial, anger, depression, bargaining and acceptance) and I think I have now reached the bargaining stage. + + +I believe a lot of us wannabe bears here have begrudgingly turned into reluctant bulls since things aren't looking so grim anymore and there wont be that miraculous 50% crash we were all hoping for. So time for plan B. As much as I call Sydney home, there is life beyond Sydney /Melbourne and certain professions are more transferable than others. In hindsight as long as I'm in a state capital city with adequate services and things to do I'm content. I think I only clung onto Sydney/Melbourne because of the sizeable Asian population here and that people are more 'used to us' here whereas I would stand out so bad in places like Townsville and not sure if I would be completely accepted with open arms elsewhere. At least this isn't the deep US south. + + +Anyway, for those of you who were priced out of Sydney and Melbourne property and moved on, How has it worked out for you ? Do you regret it ? Do you miss Sydney/Melbourne ? How is your current lifestyle ? Any other tips or pieces of information you would like to share. + + +Thank you for your time and have a great day. +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! + +Citron research on twitter: + +>Congrats to Hindenburg for exposing what appears to be a total fraud with [$NKLA](https://twitter.com/search?q=%24NKLA&src=cashtag_click). Citron will cover half of all legal expenses. You can’t SLAPP the truth away. Explains why Milton sold at $10 this June [$NKLA](https://twitter.com/search?q=%24NKLA&src=cashtag_click) response warrants an SEC investigation to maintain integrity of EV mkt + +Trevor Milton was in full damage control mode yesterday, claiming he had worked for 14 hours writing a rebuttal to claims by Hindenburg which was to be published ahead of market open. Instead he published a statement by Nikola that they have retained legal council and intend to bring the actions of Hindenburg to the attention of SEC. + +Weak response from Nikola sent the share down in early trading but real pressure started to build up with the Citron tweet. I imagine large shareholders are re-evaluating their position. +I know many people missed buying 30 cent ETH and want to become rich by buying the next Ethereum. I definitely think if you get in early enough on another token or coin you can still make some decent profit. But don't confuse this with that token/coin being an Ethereum Killer. When it comes to smart contracts the only threat to Ethereum is Ethereum itself. The network and developer effects are too powerful at this point to overcome. If you believe Ethereum won't be the smart contract platform of the world than you believe the core developers and thousands of other developers behind Ethereum wont figure out a way to scale. You also believe that your coins much smaller developer team will figure out what Ethereum's developers can't. Don't be blind to the powerful forces of network effects. Look at history for examples of tech that became dominant. In most cases it wasn't even the best technically. TCP/IP, VHS Format, Inability to switch to the Metric system in the US. Hell even IPv6 is having a difficult time replacing IPv4 due to network effect. Also don't forget BTC. It's by far not the best crypto money out there but it's not going anywhere as it continues to show all of us. Keep your eyes open for what is happening around you and what reality is shaping up to be. + +Edit: many of you are making a good point that there is room for other chains. I dont disagree. I am talking about chains claiming to be Ethereum killers which would mean they plan on dominating what Ethereum is trying to do with smart contracts. +My friend Pete works in tech in New York, and he was interested in making his first real estate investment. He found a 3-unit apartment building in Brooklyn where he’d be happy to live in one unit, and rent out the other two for income. His hope is that he’d get both cash flow and property appreciation driving his investment returns. + +Pete wasn’t sure if he could apply for a residential mortgage to buy this building, or if he needed to pursue a commercial mortgage. He did know that I worked in commercial real estate finance, so he gave me a call. + +“Should I be using a residential mortgage or a commercial mortgage in this situation?” + +I answered, “Well, it depends”. + +## How it depends + +It depends on a couple of different factors. For one, it depends on whether the property will be held in an LLC, or if Pete will own it in his own name. It depends whether Pete has any other investors who will contribute equity capital, or if it’s all his own money. It depends on a few other questions too. Sometimes, you can simply choose which type of mortgage loan to take out against the property. Here’s how to choose: + +#### Pros of a residential mortgage + +* Full 30 year term available +* No prepayment penalties +* Non-recourse (you can lose the entire property, but no more) +* Lowest rates + +#### Cons of residential mortgage + +* Cannot use in an LLC +* Messy if you have co-investors +* Cannot be used for mixed-use property (like having a retail store on the ground floor) + +#### Pros of a commercial mortgage + +* Borrower can be an LLC +* Underwriting more directly tied to property income +* Property can be mixed-use + +#### Cons of a commercial mortgage + +* Loan comes due before fully paid off (“balloon payment”) +* Somewhat higher rates and fees +* Can include prepayment penalties +* Can include recourse (you can lose even more money than what you put into the property) + +## Limits of a residential mortgage + +We’ve already stated that you can’t use a consumer mortgage for an LLC or a mixed-use property. But there are a few more limits to note: + +* A residential mortgage is **limited to properties up to 4 units**. If the property has 5 units, you’re required to apply for a commercial mortgage. +* One person may only serve as guarantor on a **maximum of 10 residential mortgage loans**. + +Oh, what happened with Pete? He ended up pursuing a consumer mortgage (synonymous with residential mortgage) in order to secure the lowest possible interest rate in this case. +It has come to my attention that several members have been the targets of hacking attempts. If you notice edited or deleted posts on your account, or cannot login, this is likely a sign that you have been the victim of a dastardly shillfiltrator. + +This is possible due to someone logging into your account if it has a weak password, having clicked mysterious links, or other creative methods utilized by bad actors. Therefore, I am writing some quick security tips for moving forward. + +[010101ook1010011ookook](https://preview.redd.it/pcpakt2xmb371.png?width=640&format=png&auto=webp&s=02d9efc0b74e6037456174a9bb2401110736f822) + +Here are some tips for keeping your account secure: + +1. Use an email or Google/Apple account that **does not match your username.** Your username is public, so remember that anyone can enter it just like you, or add ["@gmail.com](mailto:"@gmail.com)/@appe.com" and either try to guess your password, or use a program to make attempts. +2. [**Enable TFA / 2FA (Two Factor Authentication)**](https://www.reddit.com/r/announcements/comments/7spq3s/protect_your_account_with_twofactor_authentication/) with your reddit/Google/Apple account; this will require you to link your account to an email, phone number, or authenticator app, and any logins will require typing in a text/email/authenticator code to login. If someone tries to use this, you will receive the notification and become aware of the attempt immediately. +3. **Be very careful with messages** received via reddit messages, chats, and especially links sent to you. These can be very dangerous as they can take you to fake sites or track your IP address. We also know that, because bad actors cannot post or comment, they switch to chats/messages, which we cannot track or moderate. You should consider any private message to be potentially suspect moving forward. +4. Use a [**VPN service**](https://www.pcmag.com/picks/the-best-vpn-services) (ProtonVPN / NordVPN / others, please do your research on best option); VPN's basically turn your internet connection from YOU---REDDIT into YOU---VPN---REDDIT, so any attempts to track you are filtered through a middleman server. The best VPNs are available for a modest monthly or annual cost; you can also use the browser Tor for a crowd-shared VPN of sorts. +5. Finally, make sure your password is complicated enough so that hacker programs cannot easily crack them. For example, do not use "password123" or even "ilikethestock" but rather "MoNkE2021StOnKsGoUp4p3$t063th3r$tr0n6" - make them work for it. Every second they waste is a second we gain. +6. If all else fails, and you find yourself a victim of hacking, you will need to resolve through reddit. You can [recover a username](https://www.reddit.com/username) or [get more information about security](https://reddithelp.com/hc/en-us/sections/360008917491-Account-Security), but also you can [contact reddit admins for assistance](https://www.reddit.com/contact/). + +**Why would they target us?** + +Does this really need an answer? We are exposing their dirty laundry for the world to see. Therefore, it is cost-effective for them to spend money on professionals to try and destabilize the sub. Additionally, many trolls and bad actors exist on reddit who would love to see us break apart and fall. Our Approved Users list can also be discovered and they may be targeting our Satori-sanctioned apes in an attempt to undermine its use. + +Therefore, we all need to be extra careful, especially with the MOASS impending. I would not forgive myself if I was lazy in regards to keeping you all informed and protected. As mods, we truly understand the importance of your safety and protection, and this is why we are working diligently to keep your educated on the dangers and to implement new technology in an effort to counter their attacks. + +Please leave comments if I missed anything and I will try to make sure I see it and update this post. + +Let's make sure the rocket isn't sabotaged. *Moon soon.* + +[o7 fly safe, fellow apes](https://i.redd.it/lmov6v9mmb371.gif) + +Edit: u/FordicusMaximus shared [this link](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/)for additional security options. + +Edit 2: u/Gremayre provided [a comic on how password strength works](https://xkcd.com/936/). + +Edit 3: u/xfan10 shared this: Password managers should be mentioned like 1Password. You can use the password generator built inside of it. Can go up to 100 characters randomized. No need to remember it. To take it to the next level, Reddit supports Yubico/Yubikey which means you have to physically be next to the USB key to log in via finger touch. So people trying to login elsewhere will not work even if your password is 'password123' +I spent 7 years in Australia, living relatively frugally in Sydney, an expensive city. The weather was always wonderful and there were miles and miles of beautiful beaches. I biked to work and had a flatmate (roommate). We lived by a bay where I watched the sun setting and the pelicans flying in for the night. + +I saved $100,000 living like that. Then, after 7 years, I became a naturalized citizen of Australia. Around the same time, I lost my job due to the economic downturn, but I got a severance package. So another $100,000, straight in the bank, still there too, with interest. Found a new job a week later and got a $10,000 per year raise too. + +My fiance dumped me when I lost my job (when it rains it pours), I didn't like the new job so much, and this was at the same time US real estate had crashed to the bottom. My brother's wife was selling foreclosures for Fannie Mae through a contract company. She was pregnant and couldn't keep up. My brother said come on back and help us out. So I moved to the Rocky Mountains and learned to be a real estate agent, mostly taking the courses online. I sold foreclosures and short sales, bought a condo of my own, and found a regular job on the night shift at a local factory. This condo was right downtown, new construction, a luxury condo, near everything good, but the building was only half full. Nobody was buying them, except fools like me. I thought it was awesome and it seemed cheap for what it was with floor to ceiling windows and spectacular views of the snow covered Rocky Mountains. It had a swimming pool, hot tub, a gym, and I could walk to bars and restaurants. + +Two years went by and I just kept on saving. Still biked to work, but also bought a motorcycle. I was the only real estate agent who used a motorcycle, lol. I didn't really see myself as a real estate agent, that was always temporary. In my mind, I was just helping people sort their way out of a crisis. My real job was on the night shift, in the factory. Then a facebook friend from my old job in Australia (the one that laid me off) told me she'd just turned down a job offer in Indonesia with our old boss. She had little kids and couldn't do it. It sounded great to me, so I sent him an email. + +I got the job, incorporated myself one afternoon, and moved to Indonesia. Suddenly I was a genuine independent international consultant for a big time Dow Component company, on the preferred vendor list. The deal was I worked for 1 month, then I was off for 1 month, then another month of work, another month off. I did that for 4 years. During that time, I spent 800+ days in hotel rooms. I never went home. I rented out the condo. It's been occupied 100% of the time since then and the rent covers all the costs, plus I make a little bit too. + +Then I got married. I was 39 years old by then. I rented a house on a golf course in Indonesia, adjusted my contract with the company, bought a minivan, and started working full time again. We had two babies almost immediately. + +After the second baby was born, the company offered me a full-time in house job in Singapore, maybe the best city in the world all-around. Since mama didn't raise a fool, I left that consulting gig behind. It was a good run, but trading the chaos of Indonesia for the stability and lifestyle of Singapore with two babies was a no-brainer. + +So now I'm 41 years old and I live in a rented apartment in Singapore. My savings is just shy of the 2 comma number, but not by a lot. We have a live-in maid/nanny. My wife doesn't work. My job is pretty intense at times, but I am proud to have it and enjoy the opportunities for learning that it provides. They pick me up for work with a shuttle service in the morning and drop me off again at night, so I don't need a car. After the sun sets, I put my 2 year old on the back and we bike ride a little ways down the bike path and up a hill and look out at the boats floating by on the South China sea before bedtime. + +Before lunchtime today, I have heard my 2 year old greet his visiting grandparents in Arabic, count in English, express his thanks in Mandarin, ask for food in Javanese, and tell his mom he was finished taking a bath in Bahasa Indonesia. He only turned 2 this month. + +I don't really aspire to retire, I just want to do what I want, or what I like. Ever since I had no debt and $4,000 in the bank for emergencies when I was 27, that's what I do, what I want. Work brought me to all these places and plugged me into the community, made me a contributor. Every place I went, I made it better and contributed somehow. I made real friends, people I worked with and lived with too. + +Airplanes changed the world, and that's only really happened in the last 50 years. People buy a round-trip ticket and they go on a tour and take some pictures. I do that too. It's really fun, but I sometimes think how it's really different from how it used to be. Not so long ago, people got on a boat and left, maybe forever. They didn't look back. That's how I thought of it, I just don't look back. I might go back, but not in a backwards direction, just because the world is round. + +I got a lot of passport stamps I guess. I don't know how many, fewer than a lot of people though since that was never my goal. I think probably 20, maybe 30 countries. Here's a picture of how I multiplied my US passport since 2004. There's a lot of access represented in this photo to education, healthcare, ownership of homes and businesses, etc. I couldn't put a number on what it's all worth, priceless I think. + +https://imgur.com/7DGTkFs +> The Enforcement Directorate (ED) has issued a show cause notice of about ₹10,600 crore to e-commerce major Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. + +> They said the notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 people last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal, among others. + + +https://www.thehindu.com/business/ed-slaps-10600-cr-fema-contravention-notice-against-flipkart/article35738548.ece?homepage=true +It’s been a few months that I have been scrolling and studying new DApps. I was just making my DYOR and a new concept has captured my attention. + +The project in question is [Amnext](https://amnext.xn--io-pka/). Initially I was intrigued by the name that literally is an abbreviation of “I am the next “. I started an investigation on the project and discovered a cutting-edge feature that I have never heard of, the concept of **Lifetime Lottery Ticket.** + +I am not a lottery player and even though I do not believe in gambling, I was very impressed by Amnext and its innovation in this field. + +**The main features of Amnext are:** + +* *Lifetime Lottery Ticket* +* *No-Loss Lottery* +* *Staking Rewards* +* *Referral Rewards* +* *Rewards in AMC by depositing in Prize Pools* +* *Doxxed Developers* + +Lifetime Lottery Overview: + +The **Lifetime Lottery** follows an easy but smart procedure. Once a user buys the lifetime ticket the funds are sent to the **Amnext Staking protocol**, it will generate Interest. + +This is where the magic happens. The interest produced is accrued to the to the lifetime jackpot depository which allows users to **keep their lottery tickets forever** without the necessity of putting in money repeatedly to participate on the drawing of the next lottery. + +In simple terms, the money used to buy the tickets **does not become the jackpot** as it happens in classic/national lotteries but it is used to generate the interest, which will form the jackpot and allow **the birth of the lifetime ticket!** + +No Loss Lottery Overview: + +**Another unbelievable concept** inside the Amnext ecosystem is the **No-Loss Prize Pools.** + +The members can deposit funds in different stable and well-trusted Tokens like **BNB/CAKE/USDT.** + +The amount deposited follows the same workflow similar to the lifetime lottery protocol. The Tokens deposited are invested in one of the most active and secure platform of the Binance Smart Chain, **Venus a Lending and Borrow** Dapp that permits the invested tokens in Amnext to generate the interests which form the jackpots. + +Instead of the lifetime lottery, you can remove your investment whenever you want and accrue AMC tokens as a simple staking system. There is also a **bonus that is added to the jackpots,** the fabulous **LootBox;** a fair amount of AMC tokens that is provided by the tokenomics logic of the project. + +My Review + +The confidence of the doxxing team is amazing and **should sell itself early enough**. I advise you to join the **telegram group** to connect with the community of developers to clarify any doubts you may have. I personally believe that the project has a lot of potential and will be for sure a **long-term DeFi application!** + +Website: [amnext.io](https://amnext.io/) + +Telegram: [https://t.me/amnext\_official](https://t.me/amnext_official) + +Whilst the whole crypto space took a beating this week, nothing stopped at Bingus. Instead of moping around constantly refreshing the price, the team stuck their head back down and kept working. Within a few hours, we bounced back with an easy 3x because people know how comfy a hold bingus is. At the moment, we're at an excellent entry price for newcomers. As the market rebounds, so will Bingus, and oh boy will we bounce back hard. + +So why are we so bullish in the upcoming weeks? + +* Well Bingus was JUST listed on two new centralized exchanges (CEX) and a new decentralized exchange (DEX) in the last 24 hours. +* ProBit, HotBit and Snowgecoin +* Just hours ago, Bingus launched a new staking mechanism (thanks to our partners at Blowfish) where you stake Apeswap BNB-BINGUS LP and earn more Bingus! +* Next week, Bingus has a massive event hosted by our partners at Dogira.net. They will be auctioning off 5x NFTs of our celebrity endorsers (see below). And the best part? They will be sharing it to all their fans on their social media platforms +* In recent HotBit AMA, the lead developer Mike Cerisano announced that he is in discussion with Rocky Kanaka and his team, as well as many animal shelters around the USA to build a tool for them that would track, store and unify information about animals that go through their system, taking instruction and guidance directly from the end user. + * This was a soft announcement, with a more concrete roadmap to follow in a few weeks + * They have already secured the developer team that will be building this + * Bingus is creating utility #notjustashitcoin + +Quick facts: + +* The project donates to animal charities by collecting a percentage of all transaction fees. +* 1% charity, 1% burn, 1% reflect +* 876 billion circulating supply (down from 1 Trillion) +* Market cap $5 million (but not for long!) + +DEXs: + +* PancakeSwap (still v1 for now) +* Apeswap +* NEW Snowgecoin + +CEXs: + +* NEW Hotbit (listed 24th May!) +* NEW Probit (listed 27th May!) + +Passive income opportunities: + +* 1% reflect from holding in wallet +* BNB-BINGUS Apeswap LP yield farm on Takodefi and earn TAKO +* TAKO-BINGUS Apeswap LP yield farm on Takodefi and earn TAKO +* Stake GNANA and earn BINGUS on Apeswap in the Apezone +* NEW stake BNB-BINGUS Apeswap LP in the new staking pool and earn BINGUS + +Upcoming and recent events: + +* Hotbit listing (complete) +* Hotbit AMA (complete) +* Hotbit trading competition +* Probit listing (complete) +* New staking pool (complete) +* Dogira.net NFT auction for charity in partnership with all our celebrity patrons + + +Celebrity endorsements who will feature on Dogira NFT auction + +* Michael Rainey Jr, lead actor on the TV show Power +* bbno$, billboard top 100 USA rapper +* Moist Cr1TiKaL, streamer and Youtuber +* Rocky Kanaka, Emmy award winner, Netflix TV star and Youtuber +* Crispy Concords, Youtuber + +Donations: + +* Over $50k donated (and an extra $20k raised with Dogira last week) +* See the donations page on the website for a full breakdown + +Come find out more on the telegram channel: t.me/bingus_token +Or discover Bingus on their website: [bingus.io](https://bingus.io/) +https://finance.yahoo.com/news/40-chance-apple-acquire-netflix-084744946.html + +Inteereeesting. + +A third of Apples cash stack is sufficient, and it will be beneficial tax-wise due to the new reform (according to the article). +I am two years into a 30 year fixed mortgage. I collect around $4k in dividends annually. Right now they reinvest automatically. I have been reading about how paying down the principal on a mortgage can save a lot of money in the long run. So I am looking for ways to do this and thought about taking the cash from the dividend payments and putting it towards paying the principal of the loan. Thoughts? + +Edit#1: +Thanks for all the comments. Firstly I have fixed my spelling to 'principal" but I cannot edit the title. It seems pretty clear that dividend reinvesting into itself has better potential ROI in the long run but there are still tangible benefits to lowering the principal on the loan. One suggestion was to make bi weekly payments. That seems pretty easy and wouldn't impact my dividends. I am also considering taking all the cash back from my credit cards and putting that towards principal. I am flirting with the idea of just putting my QYLD dividend payout towards principle. It represents about 8% of my portfolio and pays $60 each month. +There are only so many times you can get the hell scared out of you by those dips...I really don't bother anymore. Any of you have reached the same state of "I don't give a fuck?" +Smart Beta: An Approach to Leveraged, Market Neutral Long-Short Strategies + +*Background: I have been reading this sub for a while and impressed with some of the experience here, so I wanted to share a (probably way too long) project i am working on in the hopes of getting some helpful feedback. I am a current MBA student at a top 10 program. I have no industry experience within finance, aside from an account with an investment manager and a few years of lurking on WSB. Over the past year, I have gotten more interested in automated trading strategies and have been researching and ideating different approaches. The strategy I am outlining below seems to be promising, though I am not sure if the real world results will line up with the expected return.* *Any feedback is hugely appreciated,* *I am trying to master some basic strategies before moving on to more complex approaches. I welcome people poking holes in this - I am considering funding an account with my savings and see if the first quarter returns track with my predictions.* + +*Disclaimer: I have not gotten to the programming/implementation phase yet where this would be input into a quant program, this is just an outline of what the strategy would look like. I am interested in the quant side of things as a way to automate this process, and run numerous different tests and iterations of assets and scenarios in order to increase its accuracy.* + +1. Overview + +In the MBA program I am taking, a number of market strategies are outlined in our classes - well known academic approaches including CAPM, Fama-French, Sharpe Ratios, Efficient Frontier, and Applied Linear Regression. These concepts are all compelling, and I have been thinking about ways in which to combine them all into a rules-based approach which reduces risk while outperforming the market benchmark. One promising way to do this, in my opinion, is through a “smart beta” approach which would look to achieve better risk-adjusted returns to the market-cap weighted strategies of passive investing. Plenty of research has already been done on this topic relating to factor weighting and semi-active investing, including Lo ([Can Hedge Fund Strategies Be Replicated?](https://alo.mit.edu/wp-content/uploads/2015/06/CanHFReturnsReplicated2007.pdf)) and Asness ([Buffett’s Alpha](https://www.nber.org/system/files/working_papers/w19681/w19681.pdf)). + +Exhibit 1 - Smart Beta Illustration + +&#x200B; + +https://preview.redd.it/sxws0mvlah661.jpg?width=1280&format=pjpg&auto=webp&s=f2d9bfa4f98dd7c883b50f10169a85276e9992fe + +I wanted to test these theories, to see if they could be applied to a “total market” portfolio with exposure to major sectors, indices, and factors which drive the market, but are more carefully selected than a buy-and-hold the S&P approach that an average retail investor might take. In fact, Smart Beta approaches have been claimed to be more successful when applied to a broader set of assets and asset classes ([*AI-CIO*](https://www.ai-cio.com/news/how-to-implement-smart-beta-strategies/)*).* In order to do this, I have run through the following steps and come up with what seems to be, on paper, a way to accomplish this. It includes elements of Portfolio Optimization/Efficient Frontier, CAPM and Fama-French, Linear Regression Predictions, and careful use of Leverage. Below, I lay out my steps and initial results. + +&#x200B; + +https://preview.redd.it/5datrhrmah661.jpg?width=1280&format=pjpg&auto=webp&s=db7ab41acdf9ab87eeaf07079d0bbca8e0d344c9 + +1. Portfolio Selection + +Since I want to test whether these academic theories provide value in the broadest sense, I attempted to create a highly diversified portfolio, reflective of large portions of the market, which can still outperform the benchmark through careful selection and risk management. To do so, I chose only ETFs which have one of the following elements: 1) represent a broad market sector 2) have outperformed the market recently 3) are Factor-based on the traditional high-performing factors (which are known to be: small cap, momentum, value, quality). + +After reviewing historical performance, and removing those selections which would not have significant weight in the efficient frontier portfolio, I selected the following list of ETFs: HYG (High yield corporate bond); QUAL (Quality factor); MTUM (Momentum factor); DGRO (Dividend growth); FXI (China large cap); ACWF (MSCI multifactor); ARKK (ARK innovation); QYLD (Nasdaq covered call ETF); XT (Exponential technologies); IYH (US healthcare); SOXX (Semiconductor); SKYY (Cloud computing); MNA (Merger arbitrage); BTC (Bitcoin); XLF (Financial Services). + +Next, I pulled historical price data from Yahoo. I chose the timeframe of monthly returns from 2016-current. This is because certain ETFs only go back that far, and I figured this was enough data points (55) through diverse enough market conditions (bull market, trade war, Covid, etc.) to be valid. Then, I calculated the monthly return for each month for each ticker, and created a grid for each ticker with the key information I am seeking: Average Monthly Return, Average Annualized Return, Annualized Volatility, and the Sharpe Ratio. + +**Exhibit 2** \- Monthly and Annual Returns, Volatility, and Sharpe Ratio + +&#x200B; + +https://preview.redd.it/1sl58kdoah661.jpg?width=1280&format=pjpg&auto=webp&s=80e04e5c6479871fc878f8d83b5837081d937098 + +I also calculated the same data points for what we’ll use as the Benchmark (IVV = S&P500 Index), which came out to: Average Yearly Return: 15%, Average Monthly Volatility: 4.5%, Yearly Volatility: 15.5% and Sharpe Ratio: 0.97. + +1. Optimal Portfolio Calculation + +As we know, buying and holding any portfolio at an indiscriminate, or market-cap, weighting is not necessarily the key to achieving optimal returns. So, next I attempted to construct a portfolio with the proper weighting with the goal of maximizing returns and decreasing volatility (i.e. achieving the highest Sharpe Ratio possible). + +For this step, I created a grid of the average Expected Excess Return (annual return minus the Risk Free Rate (1 year Treasury)) for each ticker, and the average annual volatility. I also created a blank chart with a weighting percentage for each ticker, which I left blank for now. Next, I created the formula for the total portfolio expected return: + +*(Ticker 1 exp return \* ticker 1 weight) + (Ticker 2 exp return \* ticker 2 weight) … + (Ticker t return \* ticker t weight)* + +And the total portfolio Volatility: + +*SQRT (Ticker 1 volatility\^2 \* Ticker 1 weight \^2) + …. + (Ticker t volatility\^2 \* Ticker t weight\^2)* + +And finally the Sharpe Ratio: + +*Portfolio Exp Return / Portfolio Volatility.* + +Now, the weights are blank but the formulas are ready to go. I then use the Excel data analysis add-in SOLVER to run through every possible combination of weights in order to achieve the maximum potential value in the Sharpe Ratio cell. + +**Exhibit 3** \- Optimal Portfolio Solver + +&#x200B; + +https://preview.redd.it/q2g78kgqah661.jpg?width=1280&format=pjpg&auto=webp&s=74feed56101450ec2c835702ab5fef815acdba0b + +I was surprised and excited to see an output with an extremely high Sharpe ratio - 3.77 compared to the Benchmark 0.96. (*I’ll come back to this later, as the other way I calculated the Sharpe Ratio later on is much lower, though still higher than the benchmark.*) + +1. Leverage / MVE Portfolio + +So, now we have the optimal weights, but can we do better? One way to potentially increase returns is through the use of leverage. So we can include the use of leverage (standard 2x) in our portfolio by doubling the weights (e.g. 21.2% weight instead of 10.6 on HYG, for example), or, alternatively, using a Weight on MVE formula based on the investor’s level of risk aversion. + +I am also looking into short selling risk free rate equivalents (SHV, NEAR, BIL) to further increase leverage. + +*Output of the expected MVE / leveraged portfolio are: Expected yearly return ; Expected yearly* + +*volatility, Sharpe Ratio* + +The addition of the MVE portfolio with leverage increased returns over the Benchmark by 88%. + +Ultimately, the increased leverage increases the volatility significantly, which is why the MVE portfolio has a much lower (1.34) Sharpe ratio compared to the Optimal Portfolio calculated by Solver (3.77). + +1. Factor Analysis - CAPM and Fama-French 4 Factor + +I ran a CAPM and Fama French analysis to determine the Alpha, Beta, and factor-weighting of the portfolio. The analysis runs a regression on the following historical performance factors: Size (Small minus big), Value (High book to market minus low), and Momentum (Up minus Down). The CAPM Beta was 0.81, and the Alpha was 0.004, consistent with a low Beta, market neutral approach. In the Fama French model, we got a high weighting on Momentum Factors, and minor positive weighting on Value and Size. The Beta was even lower in the Fama French, further justifying our approach. + +**Exhibit 4** \- Factor weighting + +&#x200B; + +https://preview.redd.it/xbifnarsah661.jpg?width=1280&format=pjpg&auto=webp&s=46413d6cd16ff68f553719e1ce3bef58261a6ec1 + +1. Regression analysis - Colinearity + +In order to try to supercharge our returns - I aim to build a predictive regression model to help determine optimal bet sizing and direction. To do this, we need to find the proper coefficients from which to build this model. I took the following steps to do this. First, create a correlation matrix of the our portfolio against the components individually. + +**Exhibit 5** \- Correlation matrix + +&#x200B; + +https://preview.redd.it/j2tmvq4uah661.jpg?width=1280&format=pjpg&auto=webp&s=5e26c87ea8fe81a300ed0ecbbf2948da9b5396d4 + +We aim to remove all the highest correlated assets, which are plentiful. To test this further, we’ll also run a full regression across the portfolio and its components. The output is not helpful, with an R-squared of 1, indicating it is likely not of value. We can also compute the Variance Inflation Factor (VIF) of each asset, removing those with a value over 5. This leaves us with three non-correlated assets - FXI, BTC and MNA. The regression on these assets are consistent with our expectations, though not large enough to indicate a sure relationship. The R square is low, with a value of .49. But the P-Values are consistently low as well, and the Mean VIF has been reduced to 1.15, from 13.3. + +**Exhibit 6** \- Regression output - FXI, BTC, MNA + +&#x200B; + +https://preview.redd.it/4gd7yd6vah661.jpg?width=1280&format=pjpg&auto=webp&s=0e391145e02fe02d67b21be1c826940494328b5c + +This left me with what I thought would be an OK starting point of coefficients from which to create the predictive regression model. + +1. Long - Short Portfolio Construction + +So how can we do better? + +By using linear regression to predict estimates of next months return, and then go long positive predictions and short negative predictions. You want the Mean Square Error of the predictions to be low, but ultimately you just care more about whether it was directionally correct, not necessarily by how much. This is another way to increase the level of returns. + +Divide data into training and testing sets + +Regress expected monthly returns on your non-correlated returns over different time horizons. For this test, I chose timeframes that I felt could be leading short term indicators, from 1-3 months. Use the output coefficients to test the regression on the testing data set. For each month, use the coefficients to calculate the Predicted Return, the Long/Short signal, the Long/Short % return, and the Prediction Error. + +Of the 55 months, it correctly predicted the direction 42 of 55 months, including predictions to go short in Feb and March 2020, and flip to long by May. + +The addition of the Long/Short prediction increased the portfolios returns of the MVE portfolio further by an additional 72%. + +**Exhibit 7 - Comparative returns - SP500, MVE Portfolio, Long/Short MVE Portfolio** + +&#x200B; + +https://preview.redd.it/1uzdlyawah661.jpg?width=1280&format=pjpg&auto=webp&s=a0a2f79f89572716fb8626bca61c433755393fbb + +In order to risk manage and maintain the optimal weight - i will rerun the optimal weighting every month or every quarter. + +So, this is where I am at. And frankly, it seems overly optimistic. Where am I going wrong, what am I missing? + +Feedback appreciated. +For months investors have been raising questions about ICN. The team's solution for the downtrend and the questions it raised was to ban from their sub whoever dared to ask, not without first being accused of spreading fud. + +The result is now in plain sight. Falling like a rock and no bottom to be seen. A project that has been proving to be consistent, put together with competence, is only failing due to one simple thing: arrogance. + +Take this lesson, Iconomi team. Next time listen to your investors and address the issues they're concerned about before it's too late. It will save you a lot of hard work, and you sure prefer spending time, energy, and money on development rather than fixing fuckups. +Node-TS, AWS serverless configuration, React & Firestore for my db (for now). + +My reasons for Typescript + React is based upon familiarity and the lean mindset of getting to market. + +AWS serverless as it’s cheap/free and a lot of fun for me to architect out. I’ve roughed in my infrastructure, which looks like: + +Semi-automated infrastructure: + +AWS Event -> Lambda (pull list of stocks tracked) -> SQS them individually (~1,600 tickers tracked atm) -> lambda (iexcloud api to get latest, query db for x amount of past data, calculate + map for charting + save the latest, &, finally, if signal -> SNS (text or email) + +I’m considering more modularity in the second to last step. I do have in mind a fully automated variant, but I’m not there yet. + +I hope my nerding out is fine. All of this is a a lot of fun to think & read about! +…so I did some research, see Section 2 below. Before I started, I would have guessed it would be between 5% to 10%. I was actually shocked how high it was. Nearly everyone I know has kids or planning to have kids. + +Please know, this post is not anti-kids. I do like kids and have many lovely nieces and nephews, but for personal reasons I decided not to have my own. The decision was nothing to do with FIRE, but it did make it quicker to achieve. + +This is my first post and first account after reading posts for months, I decided it was time to share my thoughts. We actually FIRE’d before we knew this was an actually thing! + +&#x200B; + +**Section 1: Our FIRE journey** + +I met my husband at 30 (he was 31) and we had 2 years of dating, spending, travelling and going out 4-5 times a week. + +**Age 30-32**, our joint take home pay was not massive and we had no family money. He is a journalist, I am an accountant. + +* 42% went on mortgages (with modest over-payments) we already had our own one bedroom apartments. +* **58% went on “expenses / living / entertainment / stuff”.** + +At 32 we eloped and got married. No friends. No family. No stress. No silly fights. Very romantic. That saved us so much, our FIRE journey had begun. Most of our friends were having the big fat wedding, buying a large house, 2 new cars and having 2 or 3 kids. + +I squeezed into his small apartment and put tenants in my larger one. We also had a MAJOR life style change. Our nights out reduced, travelling nearly stopped, and buying “unnecessary things” totally stopped. We also did usual money saving things. + +**Age 32 to 41**, from our net salaries and the one rental income + +* 85% now went into repaying the two mortgages (with large over-payments). +* **15% for “expenses / living / entertainment / things”.** + +**Dropping from 58% to 15%** was down to sharing one small property, economies of scale, the incoming rent, long hours and salary increases AND the major life style change. In our 20’s we were single (on and off), carefree, partied and travelled extensively. So we were now happy to be a boring married couple. + +With both mortgages repaid at 36, the savings climbed quickly. We both did not really enjoy our jobs much due to the long hours and stress, so it was amazing to resign. FIRE at 41. We sold both properties and moved 180 miles where properties were much cheaper. + +We both could still have work for more years and saved more money, but what is that saying: **“You do a job you hate, to buy things you don’t need, to impress people you don’t actually like”.** + +We are now 48. For the last 7 years, very chilled and live a humble simple life. NW c$1.95m (Is that classed as Lean? Some of you guys have a huge net worth!) + +&#x200B; + +**Section 2: The “kids” vs. “no kids” debate and the 17.9%:** + +Yes, our FIRE was achieved quicker by not having kids (joining the 17.9%), but FIRE was not the reason for the childless decision. On our first date, I don’t know how or why it came up, but we both said we did not want kids. We both had our personal reasons and difficult family histories. + +The average statistics from random reports (see Note 1 and 2 below) covering the USA, Canada and UK: + +* **80.1%** have children. +* **17.9%** are childless. (USA 17%, Canada 19.5% and UK 19%, see Note 1 below) +* **2.0%** cannot have children. (see Note 2 below) + +It is not an exact science, due to timing, margins of error – so still very subjective. I guess out of the 17.9% there are women who actually wanted kids, but circumstances were against them. + +**Bringing up one kid to age 17 can cost up to $390,000** – depending on your earnings / lifestyle (see Wikipedia “cost of raising a child, Note 3): Again – very subjective and no calculation for opportunity costs and all those expenses for a kids 18+ (university, weddings, boomerang kids, grandkids etc.) + +FIRE is harder and takes longer with kids. We have huge respect for those who achieve FIRE with kids. + +So it is down to you in the end. What do you want? There is no right way or wrong way! With or without kids. FIRE quick / slow / fat / lean. If you have a FIRE partner, it also helps if you are on the same page! + +Good luck to those just starting out! + +&#x200B; + +**Note 1:** + +Simple average of all 12 percentage found: + +USA: 18.8%, 17.1%, 14%, 14%, 20%, 15%, 20% + +Canada: 18.94%, 20% + +UK: 20%, 20%, 17% + +[https://www.dailymail.co.uk/news/article-5227051/Britain-nearly-women-not-having-children.html](https://www.dailymail.co.uk/news/article-5227051/Britain-nearly-women-not-having-children.html) + +[https://www.statista.com/statistics/241535/percentage-of-childless-women-in-the-us-by-age/](https://www.statista.com/statistics/241535/percentage-of-childless-women-in-the-us-by-age/) + +[http://www.pewsocialtrends.org/2018/01/18/theyre-waiting-longer-but-u-s-women-today-more-likely-to-have-children-than-a-decade-ago/](http://www.pewsocialtrends.org/2018/01/18/theyre-waiting-longer-but-u-s-women-today-more-likely-to-have-children-than-a-decade-ago/) + +[https://www.nytimes.com/2018/01/18/upshot/the-us-fertility-rate-is-down-yet-more-women-are-mothers.html](https://www.nytimes.com/2018/01/18/upshot/the-us-fertility-rate-is-down-yet-more-women-are-mothers.html) + +[https://www.psychologytoday.com/gb/blog/savvy-auntie/201112/unnatural-women-childless-in-america](https://www.psychologytoday.com/gb/blog/savvy-auntie/201112/unnatural-women-childless-in-america) + +[https://www.theatlantic.com/health/archive/2017/05/how-people-decide-whether-to-have-children/527520/](https://www.theatlantic.com/health/archive/2017/05/how-people-decide-whether-to-have-children/527520/) + +[https://gateway-women.com/tag/how-many-childless-women-are-there-in-the-uk/](https://gateway-women.com/tag/how-many-childless-women-are-there-in-the-uk/) + +[https://www.independent.co.uk/life-style/childless-women-on-rise-more-than-ever-before-fertility-crisis-menopause-career-study-reveals-a7882496.html](https://www.independent.co.uk/life-style/childless-women-on-rise-more-than-ever-before-fertility-crisis-menopause-career-study-reveals-a7882496.html) + +[https://nationalpost.com/opinion/joe-oconnor-selfishness-behind-growing-trend-for-couples-to-not-have-children](https://nationalpost.com/opinion/joe-oconnor-selfishness-behind-growing-trend-for-couples-to-not-have-children) + +**Note 2:** + +The 2% - who cannot have kids + +[https://www.bionews.org.uk/page\_93930](https://www.bionews.org.uk/page_93930) + +[http://globalfertilitymap.com/#3.8642546157214084,-18.28125,2](http://globalfertilitymap.com/#3.8642546157214084,-18.28125,2) + +**And Note 3:** + +[https://en.wikipedia.org/wiki/Cost\_of\_raising\_a\_child](https://en.wikipedia.org/wiki/Cost_of_raising_a_child) +I've been watching documentaries/interviews surrounding the financial crash of 2008 and one thing that's pretty consistent - and I do see in everyday life - is how little people seem to understand what the rate on their mortgage means and how even a small increase in that number could lead to problems. + +I wondered if there are other examples of this you've seen in real life, especially if they're quite common. Things that we really should have a better and wider understanding about. +I checked my workplace pension (salary sacrifice) and the value as at today is lower than 6 months ago, even though I have materially increased contributions over the last 6 months. I understand funds go up and down and it’s about long term growth but was quite surprising to see. It’s a lifestyle strategy fund if that matters. + +Has anyone else noticed a drop in the value of their pension? Is this due to global market turmoil since Russia’s invasion of Ukraine? A combination of the ‘mini-budget/uk gov incompetence? + +Your thoughts are always appreciated +I'm have electric now so I can charge my phone and then run my computer. ($5 a month) A box fan just seems needed. It's hot as hell here. So I've been saving where I can. It took me two months. This week, if all goes well, I will finally have sine breeze to make living in my tent a little more comfortable. I can't wait! +After taking a 9.2% stake in twitter, Elon musk has now offered to buy the entire company for $41.39 billion. This comes after some recent news announcement of Elon Musk not accepting the board seat position at Twitter because of some alleged background check. + +According to Twitter CEO, Parag Agarwal, Twitter and Elon couldn’t come to an agreement regarding the board. Parag notified his employees that there could soon be noise around the company. Twitter shares closed at a market cap of around $36.7 billion as of Wednesday. Shares are up 11% pre market as of this writing. +I just quit my prime and will never buy anything from Amazon again! + +Thats it! Game over! There is plenty of stuff all over the internet and many times even cheaper, but we are to lazy to search, so we go to amazon. Also because its easy with returns, damages or loss of package. (At least in Germany) + +Im done! I buy my stuff over Gamestop or any other (non slavery) supplier. + +Edit: info +https://www.reddit.com/r/Superstonk/comments/pgr21q/stop_using_amazon/?utm_medium=android_app&utm_source=share + +Edit 2: old dd +https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/?utm_medium=android_app&utm_source=share + +Edit 3: +Thanks for all the ups and rewards. I feel so apeish + In a recent interview with Cathie Wood, ETF Trends’ CEO Tom Lydon, asked the popular fund manager about her expectations for the markets, and specifically strategies for recent volatility for the Ark Innovation Fund (ARRK). + +**The ETF has fallen over 50% from its high.** Wood discusses specific plays while highlighting the importance of the technology companies the fund invests in. She explained her belief that deflation, not inflation, is the more worrisome risk over the medium term. + +I really don't understand how she can say deflation is more of a risk then inflation at this point. I love ARKK's approach to the markets but this maybe quoted as delusional in hindsight + +[Full read no ads or paywall](https://www.channelchek.com/news-channel/How_Cathie_Wood_Plans_to_Manage_Market_Volatility) + In a recent interview with Cathie Wood, ETF Trends’ CEO Tom Lydon, asked the popular fund manager about her expectations for the markets, and specifically strategies for recent volatility for the Ark Innovation Fund (ARRK). + +**The ETF has fallen over 50% from its high.** Wood discusses specific plays while highlighting the importance of the technology companies the fund invests in. She explained her belief that deflation, not inflation, is the more worrisome risk over the medium term. + +I really don't understand how she can say deflation is more of a risk then inflation at this point. I love ARKK's approach to the markets but this maybe quoted as delusional in hindsight + +[Full read no ads or paywall](https://www.channelchek.com/news-channel/How_Cathie_Wood_Plans_to_Manage_Market_Volatility) +This will not help oil but will make it even more scarce. I can easily see oil prices going up far more in the interim + +U.S. House approves bill to take aim at gasoline ‘price gouging’: https://on.mktw.net/3lJvhrv +# Dance of Darkness: The SEC and Dark Pools + +Hello everyone, as requested I am trying again to get this on r/Superstonk so this stays documented, and allows the light of transparency to be shone upon Darkpools, hopefully this time it uploads, and if it does, enjoy: + +Hello everyone, thank you in advance for your patience and for reading this thesis on dark pools and the SEC. First, please note that this is strictly not financial advice and just research I have compiled over weeks for entertainment purposes—it's all-public information and not intended to affect the price action of any stock in any way, shape, or form. + +The article will be divided into 3 major parts: SEC and the financial derivatives market, dark pools of credit swaps and synthetic shares today, FUD dispersal, and legal ramifications of naked shorting. I was motivated to write this article as a result of two conditions: the ongoing process of appointing Gary Gensler as the SEC chairman, and the revelation of the existence of massive dark pool trading certain meme stocks, in an effort, to bamboozle the retail investor. + +\---THE SEC SECTION--- + +Gary Gensler, the former chairman of the CTFC (Commodities Trading Futures Commission) is currently in the process of being appointed the SEC chairman. Currently, the senate banking committee has approved Gensler at a 14-10 vote ([https://www.investmentnews.com/senate-banking-committee-approves-gensler-nomination-203813](https://www.investmentnews.com/senate-banking-committee-approves-gensler-nomination-203813) , [https://www.c-span.org/video/?509429-1/sec-chair-cfpb-director-confirmation-hearing](https://www.c-span.org/video/?509429-1/sec-chair-cfpb-director-confirmation-hearing) ), and he will be voted on by the Senate proper in a weeks time on April 12th ([https://www.thinkadvisor.com/2021/03/31/schwab-expects-activist-sec-under-gensler-senate-sets-confirmation-vote-date/](https://www.thinkadvisor.com/2021/03/31/schwab-expects-activist-sec-under-gensler-senate-sets-confirmation-vote-date/)) . He is expected to have bipartisan support and to be sworn in as the new SEC chairman. Gary Gensler is extraordinarily hated by Wall Street for a couple of reasons, the primary being that he is a hard-nosed regulator interested in the transparency of the marketplace and democratizing the information within it in favor of the little guy. This fundamentally goes against the closed country club nature of Wall Street, which is shown by the enforcement of the Dodd-Frank Act ([https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank\_Wall\_Street\_Reform\_and\_Consumer\_Protection\_Act](https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act) , [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ). + +The last time Wall Street made a grievous market error was in 2008. This was due to the financial derivatives market and credit default swaps market having a massive correction ([https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp), [https://www.investopedia.com/terms/d/derivative.asp](https://www.investopedia.com/terms/d/derivative.asp) ). The financial derivatives market (futures, in particular) was designed by markets to allow farmers, ranchers, manufacturers, industrialists, producers, etc., to lock in prices and mitigate risk in the production and operation of businesses. Thus, the core of what these markets are about is to lock in prices for commodities and to manage risk for the supply chain. Thus, the derivatives market is quite essential to the supply management side of the real economy (the part of the economy where you and I work), as such any meltdowns in the derivatives market further deteriorate our economy; in 2008, this spilled over to the real market—which combined are gigantic markets, estimated at 640 trillion dollars ([https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp) ) in market capitalization. According to Gary Gensler that represents roughly $22 of hedging for every dollar exchanged in the real economy ([https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection](https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection) ); this is from 2010 though, so it could be a lot higher right now. Such futures and swaps are invested in almost every aspect of our lives (food, fuel, mortgages, credit rates, interest rates, etc.). So, given the importance of the derivatives market, it must stay transparent and competitive; this was not the case in 2008. + +Due to two things being in play in 2008, dark pools and credit default swaps, specifically CDSs insuring against CDOs composed of collapsing mortgage bonds. As a result of the underlying assets (mortgages) defaulting at a rapid rate, causing the collapse of the bonds, causing the CDOs composed of the bonds to collapse/default in price; causing the CDSs to kick in and insure against the original value of the bond upon inception of the CDSs. This transaction occurred, you guessed it, in dark pools. dark pools will be covered highly in-depth so bear with me, Gary Gensler’s response needs to be analyzed first. First definitions: + +CDOs; collateralized debt obligations, think of these as financial products composed of multiple other financial products backed by assets like bonds, collateralized loans, etc. ([https://www.investopedia.com/terms/c/cdo.asp#:\~:text=A%20collateralized%20debt%20obligation%20(CDO)%20is%20a%20complex%20structured%20finance,derived%20from%20another%20underlying%20asset](https://www.investopedia.com/terms/c/cdo.asp#:~:text=A%20collateralized%20debt%20obligation%20(CDO)%20is%20a%20complex%20structured%20finance,derived%20from%20another%20underlying%20asset) )). + +CDS: Credit Default Swap; in short, it's insurance against a value of a security in case its value drops. It works by taking out a policy against a security and paying somebody else to take the risk of its valuation falling. This risk is taken off your shoulders, by you paying the other party a premium to maintain the insurance policy (i.e. you hedge against your securities dropping in value). As such, the value of the security you are insuring is safe if you keep up your premium payments, insuring you against risk. Furthermore, if you choose to exercise your insurance, as the value of the security falls, you are paid out your insured amount; if the value of the security rises and you choose to close out/exercise, you will take that loss + premiums ([https://www.investopedia.com/terms/c/creditdefaultswap.asp#:\~:text=A%20credit%20default%20swap%20(CDS)%20is%20a%20financial%20derivative%20or,with%20that%20of%20another%20investor.&text=To%20swap%20the%20risk%20of,the%20case%20the%20borrower%20defaults](https://www.investopedia.com/terms/c/creditdefaultswap.asp#:~:text=A%20credit%20default%20swap%20(CDS)%20is%20a%20financial%20derivative%20or,with%20that%20of%20another%20investor.&text=To%20swap%20the%20risk%20of,the%20case%20the%20borrower%20defaults) ). + +Dark pools: Dark pools are exchange forums that replicate open stock exchanges, closed off to the public designed to hide institutional trading intent. In other words, by Gary Gensler himself, dark pools are designed to lack regulation, transparency and the light of transparency must be shone upon them ([https://www.investopedia.com/terms/d/dark-pool.asp](https://www.investopedia.com/terms/d/dark-pool.asp) ). + +As definitions have been established let us quickly reiterate the chain of events in 2008, and Gary Gensler's response as the CFTC chairman; and how he dealt with dark pools before (meme stock synthetic shares are in dark pools I would speculate): + +Banks relax loan requirements to make cash of interest and mortgages-> package those into bonds --> package those into CDO's --> market them as a great investment, while the underlying bonds are absolute garbage (this became garbage around 2006) --> Michael Burry and co notice this and take CDS on them --> wait 2 years, 08 roles around --> the market corrects itself violently where CDS are basically used to wipe out mortgage CDO's; these transactions occur in dark pools, away from the public eye; all the while like right now the media say everything is absolutely fine, you should totally hold onto your mortgage and get it refinanced (sell your meme stocks today, the squeeze is definitely over, you should totally believe us). + +Thus, the unregulated swaps market split over into the real economy and exposed everyday Americans to real risk (with meme stocks it’s reversed, the shorter are at real risk right now). + +In comes Gary Gensler and the Dodd-Frank Act: [https://en.wikipedia.org/wiki/Gary\_Gensler](https://en.wikipedia.org/wiki/Gary_Gensler) . + +Due to the crash, the Dodd-Frank Act was designed to curb excessive market abuses and speculation due to the lack of transparency from dark pools—it had 3 main goals according to the prospective SEC chairman ([https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection](https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection) , [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ): + +i) Bring transparency and competition to swap dark pools + +ii) Lower risk + +iii) Increase market integrity + +As such, according to Gensler, 90% of unregulated swaps and futures were brought from dark pools and mandated to use clearinghouses, so position data could be marked real-time for the public to view. + +Furthermore, the Dodd-Frank Act established several other protections ([https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ), these are as follows: + +i) Protections against the formation of too big to fail institutions (so Citadel can fail, and everybody will be fine hypothetically), as a failure of any one of them, could negatively affect the US economy. + +ii) The Consumer Financial Protection Bureau (CFPB), established under Dodd-Frank also worked to curb predatory mortgage lending, deterring high commission mortgage brokers from closing high-interest loans with high fees; stopping the feedback loop of bad loans being dished out in exchange for high commissions, fees, and interest. It also protects consumers from excessive credit and debit card fees and interest, by my understanding ([https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) ). + +iii) Volcker Rule: It restricts banks investing in speculative trading and eliminates proprietary trading ([https://www.investopedia.com/terms/p/proprietarytrading.asp](https://www.investopedia.com/terms/p/proprietarytrading.asp)); moreover, banks are not allowed to be involved with hedge funds or private equity firms considered to be too risky; lastly, to minimize possible conflicts of interest, financial firms aren't allowed to trade proprietarily without sufficient "skin in-game". Furthermore, the Volcker Rule: "regulates financial firms' use of derivatives to prevent "too big to fail" institutions from taking large risks that might wreak havoc on the broader economy" (Citadel may be intimately familiar with this). + +iv) Whistle-blower Program: The Dodd-Frank Act also goes ahead and strengthened and expanded the whistleblower program. As such it specifically established a mandatory bounty program (you heard that right, if you hunt down a shill spreading "insider information", that alludes to collusion or any other illegal activities, you get a big fat reward). I'll let the text from Investopedia take this one here: + +"Specifically, it established a mandatory bounty program under which whistleblowers can receive from 10% to 30% of the proceeds from a litigation settlement, broadened the scope of a covered employee by including employees of a company's subsidiaries and affiliates, and extended the statute of limitations under which whistleblowers can bring forward a claim against their employer from 90 to 180 days after a violation is discovered". + +Meaning, you as a whistleblower can receive up to 30% of the litigation settlement amount if you can provide concrete evidence of collusion (we'll expand on naked short fines in a bit after the in-depth dive through dark pools as promised.); so if you have proven insider information, happy hunting: [https://www.sec.gov/whistleblower/frequently-asked-questions#:\~:text=Under%20the%20program%20eligible%20whistleblowers,regulatory%20and%20law%20enforcement%20authorities](https://www.sec.gov/whistleblower/frequently-asked-questions#:~:text=Under%20the%20program%20eligible%20whistleblowers,regulatory%20and%20law%20enforcement%20authorities) . + +Lastly, to end this section I'll leave the actual Dodd-Frank Act here in case any legal scholars are reading this and would like to dissect this: [https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) . + +Now going back to the man who enforced this and brought the banks and other bad financial actors under control the last time by busting these dark pools, Gary Gensler. If Gary Gensler is appointed, and if these hedge funds have their short positions in dark pools to dupe the consumer; they will not only be breaking a litany of federal financial regulation laws. Furthermore, the SEC, DTTC, and hedge funds/institutions long on meme stocks (Blackrock) have already started swimming around sensing blood in the water, once Gary Gensler comes in, based on his previous behavior of effectively curb-stomping illegal actors into submission, I can see him litigating Citadel and co (if they are guilty) out of existence and forcing them to close like he did last time as the Future's chairman. + +\*Recap for Apes\* + +So let us recap, swaps and dark pools were used in 2008 to insure against the financial collapse created by the greed of financial institutions. The reason why we haven't had an exact repeat of 2008 is because of the Dodd-Frank Act; and the enforcer that took out Wall Street Gary Gensler is going to be running the SEC during meme stock chaos; which means the shorts lose their friends in high places that haven't been enforcing the rules. + +From here on we shall take a deep dive into how dark pools work, then talk about the hypothetical legal implications of shorter being caught with illegal naked shorts in dark pools; so, let us begin. + +\---DARK POOL SECTION FOR APES--- + +Dark Pools for the layman are exchanges off of exchanges. A growing problem that brokers and retail investors noticed is that if a lot of small-scale orders are going through a relatively large and complicated fee system, for instance with the NYSE ([https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE\_Price\_List.pdf](https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf) ). + +Both retail and broker-dealers have issues with this due to a convoluted pricing model; if a certain threshold of clients is reached, internal off-exchange trades can begin—this is the basis for a dark pool. Morgan Stanley ([https://www.morganstanley.com/disclosures/morgan-stanley-dark-pools](https://www.morganstanley.com/disclosures/morgan-stanley-dark-pools) ), Goldman Sachs ([https://www.thetradenews.com/guide/goldman-sachs-sigma-x/](https://www.thetradenews.com/guide/goldman-sachs-sigma-x/) ) and of course Citadel ([https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327](https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327) , closed in 2015 after harsher reporting requirements, go figure), all have dark pools. + +This creates a buffer of exchanges, as shares circulating in dark pools can fulfill buy and sell orders to 100% outside of the exchange during normal trading activity. + +However, any buffer can be used as an amplifier. As such if a hedge fund wants to make a quick profit by shorting a stock, they lend as many shares as possible; dump them on an exchange and watch as the retail investor tries to “cut their losses''; while spreading FUD by calling in the media, till even the least sophisticated investor sells. As volatility spikes, smart money comes in and the shorts are covered in a dark pool. This allows you to buy shares on a downward momentum, influencing the price immediately on the open exchange. The reverse works for long positions as well, if you would like to dump it at a profit, just sell it off in a dark pool. Cramer admitted to part of the process in an interview ([https://www.youtube.com/watch?v=jIfixbq\_u0Q](https://www.youtube.com/watch?v=jIfixbq_u0Q)), on the dark pools, while not mentioned, it is certainly part of the process. + +An illustrate how this might work in an example: + +Company A wants to acquire company B ASAP by buying up let's say 30% of shares of company B. Company A, therefore, goes to market maker M to buy shares for them. M then proceeds to start buying shares on the exchange to drive the price up a bit. + +Meanwhile, they try to buy up as many shares from the dark pools as possible, to not drive the price up on the open exchange. The price on the exchange usually reflects in the dark pools, but not vice versa (because people look at the exchange prices, shortages in dark pools only show after a slight delay). + +If you were to say that a purchase of 5% of the float would drive up the price of shares from B up by 5%, that would mean that after the buy the price would be 30% higher with around 15% higher than the start price average. + +That is if people were not to start day trading the shares, which probably will happen. + +However: if you were to do the same thing with dark pools you suddenly see that while the price on the exchange goes up, M is suddenly able to buy shares from places that do not influence the share price. + +Again, a 5% purchase on the open market equals a 5% price increase. If 10% can be covered over the dark pools, only 20% affects share price, leaving us with an average of about 10% higher than starting price. + +This is 5% that was "saved" for M and A. M obviously wants a small fee for the service totaling 2%, which leaves A with around 3% saved. + +That 5% came from the retail investor that was not aware of the movements in the dark pools. It costs the retail investor money. It robs you of your 30% gain in that scenario and gives you 20% instead. It costs you. + +Remember Crammer stated sentiment is key in pulling the stunt off: ([https://www.youtube.com/watch?v=r07Gg92YjOI](https://www.youtube.com/watch?v=r07Gg92YjOI) )? It would be exponentially by simply getting the order flow, as such sentiment can be deduced without any bias. This allows the fund to take opposites of trades by going short negating buying pressure, either in dark pools or exchanges, as well as directing how the orders get executed. This possible order execution delay has been brought up in Congress ([https://youtu.be/RNgzOr-m6ok?t=89](https://youtu.be/RNgzOr-m6ok?t=89) ). This amounts to a hedge fund/ moneymaker being able to make a small money printer for themselves (Citadel), which we can confidently speculate exits. Furthermore, if Citadel doesn’t like your decision to buy, they can simply take the other side of the trade giving you a shorted share. + +This is where Citadel and CFD trading comes in: + +Using dark pools, Citadel as a market maker could in theory capitalize on such scenarios massively; furthermore, until 2015 they ran their own dark pool, called Apogee ([https://www.iotafinance.com/en/Detail-view-MIC-code-CDED.html](https://www.iotafinance.com/en/Detail-view-MIC-code-CDED.html) ) which was decommissioned in 2015 possibly due to increased reporting/transparency requirements ([https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327](https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327) ). + +By operating Apogee, however, Citadel as a market maker was able to capitalize on such scenarios massively. Since then, Citadel switched to Citadel Connect, which does not qualify as an alternative trading system requiring no reporting. + +The best-case scenario for Citadel, if they wanted to short a stock would be to not have shares involved at all or making a contract for difference with you; this means you make an agreement with Citadel to get the current share price at any time you like from them, without ever having to buy or sell the shares. This kind of trading is heavily regulated, however, thus not common. However, they have engaged in similar tactics: naked shorting. + +Under Reg SHO 203 b 2 iii ([https://www.law.cornell.edu/cfr/text/17/242.203](https://www.law.cornell.edu/cfr/text/17/242.203) ) market makers are allowed to short a security under a bona fide agreement, meaning without ill intent. As such, to naked short a stock, good faith is pretended to be in effect, from there they buy naked calls from another party they control (Citadel LLC in this case). From here, the equivalent amount of shares are lent out to either "Citadel LLC" or any other party, which are then dumped on the open market. After 3 days, since the “shares” never existed on the open exchange, becoming FTD’s. As FTD status is reached, they simply go to a shell company or “Robinhood” and write ITM call options, exercise them, replacing FTD-IOUs with the ones from the shell. As these reach FTD, the reverse happens, as Citadel IOUs replace ones from their shell. Repeat to infinity and a stock price can be crashed by printing shares faster than the Feds print money (these shares will quickly add up dark pools though and need to be cleared). As institutions bailout, only retail would remain, if retail has no strategy on the security, a run by retail to get rid of the bag happens. + +Now what I've said may sound despairing and should get you angry, however, I believe this cycle has almost been crushed, due to apes buying and holding. Allow me to present to you this diagram (the link below contains a flow chart of how dark pools operate within the market): + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-darkpool-methods.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-darkpool-methods.html) + +As shown, they can use synthetic share production mechanisms, blatantly creating synthetic shares in a dark pool as a market maker (citadel runs it), making phantom shares using calls, Failure to Delivers, explicit naked shorting (creating IOU's), etc. (there are tons of illegal production mechanisms, most of which we're covered in my old DD's and a quick recap example above. Once they have determined which method they'll use, they target the security, and the flowchart begins. If they use the dark pools, they can theoretically create an infinite number of synthetic shares (they'd have to buy infinite real shares to buy though to cover though if they are a) caught with synthetics or b) get margin called). + +Apes for the last months have been buying up all synthetics and creating price floors as you've seen, a hedge fund at this point has 2 choices; cover all the shares (the smart choice), or digging themselves in the hole deeper hoping you will sell creating FUD (Reddit/discord infiltration will tell you when their getting desperate); so they can finally cover, as such if investors keep buying and holding, either more rocket fuel gets added to the rocket or they cover; either-or, doesn't matter what anybody else says. + +Lastly here's a list of dark pools that I found that have existed in "the state of play", back in 2014, I apologize I couldn't find any more recent data: + +[https://link.springer.com/content/pdf/bbm%3A978-1-137-44957-3%2F1.pdf](https://link.springer.com/content/pdf/bbm%3A978-1-137-44957-3%2F1.pdf) ; (FYI Goldman Sachs has one, and they just got margin called for context: [https://www.youtube.com/watch?v=mP4yaoQll7I](https://www.youtube.com/watch?v=mP4yaoQll7I) (if your r/wsb YouTube links aren't allowed for sources sorry) due to Bill Hwang) + +\*Recap for Apes\* + +Now let’s recap, the SEC chairman Gary Gensler is well versed in bringing swaps out of dark pools which caused the last crash and is coming in during the point of the SEC during a speculative short squeeze that will top all other short squeezes in human history (in my speculative opinion), This may cause the greatest wealth transfer in history. + +The elites from any society would not like this as it would mean, their status would be tarnished; as such they will resort to any amount of financial war crimes to try to make sure that doesn't happen. However, during the last financial war (2008), Gary Gensler came in and enforced the rules congress passed, this time he's coming in again. I believe he will enforce the rules and bring justice to these financial war crimes again as shown by his record; as such before that happens you will see FUD intensifying (which is already happening, expect more of this); as such if you've been in the game this long, you should know the drill by now. + +\---LEGALITIES FOR APES--- + +Let’s talk legal; if Citadel as a market maker is using order flow, dark pools, and synthetic shares to balloon to the height of being too big to fail, they violate a half dozen federal laws and policies, targeting you the consumer. Let’s go over them (I'm a physicist by training, not a legal expert so I'll link the laws and tell you guys my speculation and let legal experts handle it): + +Sources for these laws are coded in this link (I apologize there's a 40k reddit field limit): + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-legal-sources-for-apes.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-legal-sources-for-apes.html) + +As stated above, I am no legal expert; however, I will tell you of my understanding of them based on the sources I have read, any legal expert reading this is; feel free to correct me and post them in the comment section below (I want a specific rebuttal based on the legal text though, your co-operation is appreciated). + +If a market maker like Citadel, or any other firm that has shorted meme stocks, uses dark pools, collusion, and synthetic shares to try and dupe retail investors that simply "like the stock" and are buying and holding, by my understanding they violate: + +i) Anti-collusion and market manipulation laws: By working together with other institutions they are colluding and manipulating the price, that simple. + +ii) Naked shorting: Borrowing a security that doesn't exist to shorting is straight-up illegal, and if you are caught using naked shorts the fines can range from $5,128 - $14,887 (USD) per naked short (sources are given in the naked shorting section). + +iii) Synthetic share creation: This in my opinion would qualify as a naked short and market manipulation; as not only are you shorting a share that doesn't exist, you are manipulating the market so the price goes down by diluting supply, which also illegal. + +iv) SHO rule violations: From the SEC: Regulation SHO requires broker-dealers to identify a source of borrowable stock before executing a short sale in any equity security to reduce the number of situations where stock is unavailable for settlement ([https://www.sec.gov/investor/pubs/regsho.htm#:\~:text=Regulation%20SHO%20requires%20broker%2Ddealers,stock%20is%20unavailable%20for%20settlement](https://www.sec.gov/investor/pubs/regsho.htm#:~:text=Regulation%20SHO%20requires%20broker%2Ddealers,stock%20is%20unavailable%20for%20settlement) ) ; as such if a broker-dealer cannot identify the source of a stock, before a short sale, it’s illegal. + +v) Dodd-Frank Act violations: If Hedge funds are found colluding with each other to rig the market using short shares to become too big to fail, that violates the Dodd-Frank Act as it is explicitly designed to stop according to you guess it Gary Gensler the new incoming SEC chairman. + +vi) Insider Trading Laws: Trading based on non-public information; in my opinion, this is blatantly illegal as such the debate is black and white; thus illegal. + +vii) Order flow payment: The SEC and Congress are currently debating whether order flow payment is legal in the first place; we shall see what conclusion they come to. + +This is all I've found so far, but if you find any more illegalities please go ahead and comment down below. + +Wrapping up these financial war crimes (their war crimes, because they are explicitly designed to hurt the innocent; retail investors). If Citadel is using synthetic shares to make itself too big to fail hypothetically it would break anti-collusion laws, the Dodd-Frank Act, prohibition against naked shorting, SHO rules, prohibition of Market manipulation, insider trading, etc. (lawyers have at it); as such, if they are caught, would be facing legal and financial extinction (of course this is just speculation by a dude on the internet, confirm it for yourself; if this is true however and can be proven in court, I believe it can be constituted as a financial war crime and should be dealt with accordingly). Furthermore, if you have insider information proving this, you by the Dodd-Frank Act's whistleblower program are entitled to up to 30% of the settlement amount, so happy hunting apes. + +If you are reading this on r/wallstreetbets (if this gets on there) this is as far as I can go without it violating the new rules, due to the subreddit’s size; as such, I thank you for reading my work, + +List of additional sources: + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-additional-sources.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-additional-sources.html) + +Thanks for your attention, and I hope you have a wonderful day; none of this was financial advice, and purely opinion based on the sources given for entertainment purposes. Lastly, I am not a cat, and like the stock. + +If you are still here, this is for subreddits other than r/wsb. We shall begin the meme stonk section for both GME and AMC; let’s dive in: + +\---MEME STONK SECTION--- + +I apologize this isn’t on reddit, however it has an absurd 40kb strict limit: as such I have coded back up links: [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-meme-stonk-section.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-meme-stonk-section.html) . + +Within this link you shall find the full extent of the darkpool arguments and memestonks, as well as evidence of 4.6 billion, and 630 million synthetic shares of GME and AMC circulating in darkpools, while entertaining the idea that this is simply just 1 darkpool, using empirical evidence to show it is not the only one; I hope you enjoy it (This is also my first time modularly coding together blog pieces, so feedback would be appreciated)([https://www.reddit.com/r/amcstock/comments/mbuti6/another\_sighting\_of\_that\_possible\_4\_billion\_share/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/amcstock/comments/mbuti6/another_sighting_of_that_possible_4_billion_share/?utm_medium=android_app&utm_source=share) , [https://www.reddit.com/r/GME/comments/mcpyid/after\_exposing\_the\_525\_million\_shares\_in\_the\_otc/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/mcpyid/after_exposing_the_525_million_shares_in_the_otc/?utm_medium=android_app&utm_source=share) ). + +Going forward this will be a 3 part series for AMC, and 2 part series for GME; you beautiful apes have held so far despite all this and you my friends have nothing but my highest respects, I believe your efforts will be rewarded with Martian tendies sooner rather than later. + +Quickly touching on the next piece FUD: the desperation of shorts, will consist of me addressing "mUh gOvErNmEnT wIlL iNtErVeNe aT 500 #trustmysourcesbro", share dilution (in my opinion will not happen, it's a ploy to get the share recounts), the squeeze not happening (total FUD cause math). As DFV said, hang in there, helps on the way. + +Recap apes; firstly the crucial point is they most likely owe more than 10x float on AMC, and 13x float on GME hence they're desperate, they are resorting to financial war crimes breaking a dozen laws trying to prevent you from picking up your tendie orders, this happened in 2008 and in case anything drastic happens, memestonks are your insurance and you will more than likely have your insurance policy be exercised, all the mathematical indicators for a squeeze are there, now it's just a when, dark pools are designed to hide the truth and hide intent, and because of those synthetic shares in these pools, they are most likely panicking; lastly when this squeezes, you holds you apes hold all the cards, and you, not the institutions, you determine how this timeline and the future plays out. + +\---HIGH LEVEL SUMMARY--- + +A lot has been covered, let’s summarize. This is a repeat of 2008, but this time we hold the insurance policies, in case this moons. The similarities are quite startling, from the SEC chairman Gary Gensler coming to bust this down, them using dark pools to screw the average person out of tendies, committing financial war crimes in broad daylight to shake apes. Furthermore, the dark pools explicitly showing both meme stocks have been naked shorted by at least 10x, this squeeze is mathematically confirmed, and we are looking at a fallout, how big the fallout will be depends on how big the hole they dug themselves with these dark pools; but in any case, apes hold the insurance policies so I believe we should be chilling, and if we continue to buy and hold we are simply buying more insurance for stonks we like. As such to sum it up in one sentence, their hiding in dark pools, Gary Gensler is starting the hunt and we have the insurance policies. + +\---What you can look forward to in this series-- + +As stated above, this series will diverge into 2 hyper focused parts; one GME focused, another one AMC focused. The AMC series will be: + +i) Dance of Darkness: The SEC and Dark Pools + +ii) FUD: the desperation of shorts + +iii) AMC the climb to 10k and battle of 12008.01 + +GME: + +i) Dance of Darkness: The SEC and Dark Pools. + +ii) GME, the journey too Olympus Mons. + +\---TLDR--- + +They’re hiding in dark pools and using ETFs, naked shorting and synthetic shorting to manipulate the market hoping people will sell so they can exit the feedback loop as illustrated; there are most likely multiple dark pools with synthetic shares hence their desperation (+ their overleveraged). These memestocks have become swaps (CDS's: Credit Default Swaps), and those who hold them hold insurance against any financial disturbance. The longer this manipulation continues, the larger the correction will most likely be. + +Lastly, I’d like to offer you two links, that I had to develop due to reddit’s archaic code (best crowd communication technology we have so far though): + +i) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html) + +ii) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html) + +In those links, you will find the unaltered cuts of this DD, the first one is edited; however, the Snyder Cut is as raw as it gets. I hope you enjoy them + +\---Final Commentary and Thanks--- + +Thank you for sticking with me and going through this rather long article, the reason why I keep this article long and extensive is because I believe in transparency and integrity. I believe all data should be put on the table, for the reader to determine what they should make of it. I don’t believe in hiding data and guiding people, I believe the average retail person is best suited in making choices that affect their future, as such the data should be transparent and visible. Moving forward, these articles will remain extensive and mathematical in nature; to bring transparency and integrity to the marketplace. Furthermore, I understand there is a lot of FUD floating around on meme stocks, these articles serve as papers that bring transparency, as they are designed to investigate memestonks. + +I understand there’s a lot of FUD going around, as such I usually don’t ask much other than a request that you give me feedback and try to break my thesis in the comment section below; however, this time I will ask you to share this on your favorite social media (mine is stockwits) using #DanceofDarkness. I believe a lot of people will benefit from market integrity and transparency so thank you in advance for sharing this. I hope it helps a lot of apes; and as DFV, during congressional testimony, alluded to Hang in there. + +&#x200B; + +Here's a quick quote to encapsulate the entire article in my opinion: "You will never do anything in this world without courage. It is the greatest quality of the mind next to honor"—Aristotle. + +Finally, to reiterate here's a quick hashtag you may use if you feel like using social media to make this article spread fast: #DanceofDarkness; and the original cuts are as follows: + +i) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html) + +ii) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html) + +Legal Disclaimer: None of this was or is financial advice, this is purely speculative opinion based on the sources as presented in this article—as such, it should be both viewed as and taken for entertainment purposes (i.e. the entertainment of ideas). Lastly, I am not a cat, and I like the stock. Thank you for your time. +So, its been a big fortnight. + +We hit 35K members, the Lithium bug has bitten hard, **Z1P** was back on the menu, everyone suddenly wants an options or a US trading account and the **NOOB** flow is increasing rapidly. + +&#x200B; + +Oh, and something or other happened with some gaming mob somewhere. Unless you've been absent and somehow missed one of the most epic market moments in memory, you can catch up on it all at Big Daddy Sub r/wallstreetbets. + +&#x200B; + +We have seen a lot of our more seasoned users commenting on the amount of pumpy crap in the daily. The daily is largely un-moderated, we realize y'all need an outlet for your fictions but try and keep it to a minimum. + +&#x200B; + +And as always - **RULE 5** + +&#x200B; + +That being said though, we have heard your cries and the [rules have been updated.](https://www.reddit.com/r/ASX_Bets/comments/l63yvj/no_youre_not_the_first_one_to_decide_to_arrange/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Oh, and another friendly reminder to the uninitiated: READ THE [INTRO POST](https://www.reddit.com/r/ASX_Bets/comments/iqpmfe/welcome_to_rasx_bets/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Now lets pick up some highlights before we get into the nitty gritty... + +&#x200B; + +&#x200B; + +**UPDATES AND HIGHLIGHTS** + +&#x200B; + +\- r/ASX_Bets made the news, well [AFR at least](https://www.reddit.com/r/ASX_Bets/comments/l6qpow/aussie_reddit_taders_shut_down_short_squeeze_plot/?utm_source=share&utm_medium=web2x&context=3). the sub is gaining more and more traction, exposure and notoriety, which can be a double edged sword. + +&#x200B; + +\- [u/w-j1m](https://www.reddit.com/user/w-j1m/) posted a [million worth of coward gains](https://www.reddit.com/r/ASX_Bets/comments/l2i0w3/im_a_memellionaire_mum/?utm_source=share&utm_medium=web2x&context=3). Mods have since been sent more proof that looks legit, big ball player has entered the game here. + +&#x200B; + +\- There have been a few **YOLO** claims for highest upvoted stonk, both users came good on purchasing. + +Well done [u/Hoarbag](https://www.reddit.com/user/Hoarbag/) and [u/coomon\_beef](https://www.reddit.com/u/coomon_beef/), we had a rash of users making claims last year and not following through, looks like we are trending upwards this year. + +&#x200B; + +\- u/Evilshogun is now the proud owner of **DLC,** coming good on their [claim of purchase pending lockdown](https://www.reddit.com/r/ASX_Bets/comments/kfh6o3/weekend_thread_for_general_discussion_december_19/gg8juat?utm_source=share&utm_medium=web2x&context=3). Enjoy that shiny new flair.... + +&#x200B; + +\- u/atayls dumped [250K onto TPW](https://www.reddit.com/r/ASX_Bets/comments/l59cx8/daily_thread_for_general_trading_and_plans_for/gkx1be6?utm_source=share&utm_medium=web2x&context=3) just to spite some cuck on the sub that shall not be named. There is no way around it, that's a fucking hardcore play from our resident hairy bear.... + +&#x200B; + +\- u/StinkyFatWhale has made a most noteworthy [pledge post](https://www.reddit.com/r/ASX_Bets/comments/l6hwxu/rasx_bets_gives_back_a_pledge/?utm_source=share&utm_medium=web2x&context=3). Its stuff like this that sets us apart, I mean, besides the pubes, shit claps and hat eating....... + +&#x200B; + +\- The *'Does* r/ASX_Bets *affect your blah blah blah'* posts have slowed down ever since Mods passed the [random ban length act](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_source=share&utm_medium=web2x&context=3). + +Still, a few have chanced their arm and given us an opportunity to run our exponential ban length test program to good affect, so we appreciate your sacrifice. + +Mods have a collective twitchy trigger finger when it comes to these and other posts, (*insert Liam Neeson voice here*) and we have a particular set of skills, we will find you.... + +&#x200B; + +https://preview.redd.it/dd5ao3m50md61.jpg?width=277&format=pjpg&auto=webp&s=aa12ac6e5eb080ac17065b7c6d6a1a17e0c7fe88 + +&#x200B; + +**NEW BETS** + +&#x200B; + +\- [u/LackOk2824](https://www.reddit.com/user/LackOk2824/) has made a **Perma-Ban** bet with the mods, by their reckoning [LKE will be $1 by Easter](https://www.reddit.com/r/ASX_Bets/comments/l2g0sm/to_all_my_lke_autists/gk59cud?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- In a twist of fate, u/9ballnoob has also promised to [host a stripper party](https://www.reddit.com/r/ASX_Bets/comments/l4hwib/nofap_and_stonks/?utm_source=share&utm_medium=web2x&context=3) if **FFT** or **AGC** 10 bags. + +&#x200B; + +There is a lot going on with these users, caution required when handling as they have many complex layers, like a demented little onion.... + +&#x200B; + +\- u/Crafty-Clerk has claimed that [ARR will be up 50% by the end of the week](https://www.reddit.com/r/ASX_Bets/comments/l2j2zp/weekend_thread_for_general_discussion_and_plans/gkh41w2?utm_source=share&utm_medium=web2x&context=3) or they will take a Ban. + +&#x200B; + +\- u/mercuryingatoraade has bet that **LKE** will be $1 by Easter or they will [dye their fucking hair purple](https://www.reddit.com/r/ASX_Bets/comments/l4j654/daily_thread_for_general_trading_and_plans_for/gksfivh?utm_source=share&utm_medium=web2x&context=3). Proof will be required in the event our new favorite **MeMe** fails to reach the outer orbit of Pluto.... + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +\- u/seeking_angerments has been **Perma-Banned** after a number of [personal attacks](https://www.reddit.com/r/ASX_Bets/comments/ky7sme/new_to_the_game/gjfof6p?utm_source=share&utm_medium=web2x&context=3) on another user. This type of shit will not fly here, we love your Autistic squawking's but this user crossed the line. + +&#x200B; + +\- [u/demisexgod](https://www.reddit.com/user/demisexgod/) will be on a months holiday after their reverse psychology ploy on [SOR failed](https://www.reddit.com/r/ASX_Bets/comments/l0x2ur/if_sor_doesnt_reach_10_this_week_i_will_take_a/?utm_source=share&utm_medium=web2x&context=3). + +It was a brave move, I think................ + +&#x200B; + +\- u/MaximoTDz has been banned for a month for [low grade karma farming referral codes](https://www.reddit.com/r/ASX_Bets/comments/l4j654/daily_thread_for_general_trading_and_plans_for/gkridrr?utm_source=share&utm_medium=web2x&context=3). There is a fine line with this shit gang... + +&#x200B; + +\- u/Jody8 was banned for 30 days after they made a [30% or bust claim on SOR](https://www.reddit.com/r/ASX_Bets/comments/l3vbst/daily_thread_for_general_trading_and_plans_for/gko5zdy?utm_source=share&utm_medium=web2x&context=3). + +Its going to be a lonely Valentines without you too Jody.... + +&#x200B; + +\- u/Clean_Ad_6178 has been banned for a month for a shitty pump attempt. + +fuckwit. + +&#x200B; + +\- u/YowZa666999Z was banned as per point **3** from the updated rules post. + +&#x200B; + +\- u/InFronttttt has been banned for waging a private war on Auto-Mod, Auto-mod won. + +&#x200B; + +\- u/glenngillen has been banned for **3 months** as per our new rule regarding orchestrating an attempted coup. + +&#x200B; + +&#x200B; + +**STILL RUNNING** + +&#x200B; + +\- [All the Shit from last time...](https://www.reddit.com/r/ASX_Bets/comments/kxnyei/2021_time_to_face_the_music_bans_and_updates/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +**TLDR**: σταματήστε να μεταφράζετε αυτές τις περιλήψεις +&#x200B; + +https://preview.redd.it/6v9d6yjegu271.png?width=1600&format=png&auto=webp&s=81e2c4a9c5be73110a35260e84126bf0b52d4b2c + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +&#x200B; + +https://preview.redd.it/syeowj1ggu271.png?width=680&format=png&auto=webp&s=b4e14923782fca77558ba56a2d9cc5c20f9efb8d + +&#x200B; + +https://reddit.com/link/nqhkj5/video/4r8d58bogu271/player + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +[https://www.reddit.com/r/Superstonk/comments/nlpz4h/your\_votes\_are\_important\_the\_time\_to\_vote\_is\_now/](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +https://preview.redd.it/6hcar3ywgu271.png?width=1440&format=png&auto=webp&s=eae379185d20bb181fe25312e04ac4fbcd9aa553 + +# DFV IS BACK BABY! + +After being silent for a few weeks our boy is back shitposting once again, even if he's not putting new DD forward or doing videos at the moment, but just seeing signs of life brings me joy to see. + +Now there have been some people posting yesterday "oh we shouldn't look up to dfv, no hero worshipping" I'd say you're right, no one should be hero worshipped (we've seen this go wrong many a time) but DFV is our boy, a friggen time traveling cat so I'll just quote a person who is smarter then me to give a retort + +" Authority is not given to you to, steward, to deny the return of the king." + +[ credit to u\/TheOtherCausby ](https://reddit.com/link/nqhkj5/video/xse24t5rgu271/player) + +There is also a theory going around as to why he went silent, and lets go over some of the logical ones. He was being sued in what may be called a "slap suit" a lawsuit making sure someone stays silent, his lawyers would have most likely advised him to stay silent for a while, to show there is no involvement between him tweeting and the price going up or not. + +Meaning that at minimum his lawyers have said "yeah sure you can shitpost again", which is always a good sign! glad to have the king back, and would love to see him post here on superstonk, wsb or anywhere tbh, and I'm looking forward to him livestreaming once more. + +And for the people who say "don't hero worship", he's the OG, he had the foresight none of us had, and none of us would be here today if he didn't see it first. + +(caveat: even though he was the first and the og, we are not here because he is here, but because he raised a good point and that made us look into the stock of GME and we agreed on our own accord that it would be a good investment, we in no sense imply that Deepfuckingvalue himself has had any affect in our decision making. + +The we in the above segment is the "royal we" so in no sense meant as "us" in a collective sense) + +&#x200B; + +https://preview.redd.it/1h68oj11hu271.png?width=4096&format=png&auto=webp&s=884ea6ad5704fea58194ade954252a57ba262354 + +# Short data + +This was made by a friend of mine on twitter and shared publicly [here](https://twitter.com/js76651030/status/1399852769058693120?s=27) + +This data in and of itself does not tell us how much has been shorted, how many short/synthetic shares are out there, but it does tell us that they are shorting it even now, even at these high prices (high in contrast of the $3 usd we've seen last year where they started shorting it into oblivion), that in and of itself does tell us one thing, it's not over, and like Kenny said about the 2008 situation still Applies here and I'll paraphrase:"we where working every day to get one more day" + +Keep going Kenny, dig me that infinity pool just a lil bit deeper plox <3 + +&#x200B; + +https://preview.redd.it/vxekubh2hu271.png?width=640&format=png&auto=webp&s=0ef79586e6fda50923c7ab89eed47996294fff49 + +# DTC-2021-005 + +Seems an awesome ape here finally got a response to their Foia request + +as you can see in their thread [here](https://www.reddit.com/r/Superstonk/comments/nq2l2f/sec_acknowledges_foia_request_on_everything_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +it's short so, just go look 😉 + +&#x200B; + +https://preview.redd.it/ex5762h5hu271.png?width=599&format=png&auto=webp&s=5e7a72f1c019a11116a6f5152fefa43f322de3d8 + +Bloomberg + +Another awesome ape was kind enough to share some screenshots of their bloomberg terminal [here](https://www.reddit.com/r/Superstonk/comments/nq3o0g/01062021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I always love seeing these, my brain may be to smooth for me to completely understand this but I enjoy the bright colors on the screen, and the wrinkly brained smarties between us can explain quite a bit to us using these bright screens. + +&#x200B; + +https://preview.redd.it/m4mhpjd7hu271.png?width=640&format=png&auto=webp&s=7ccf7165bd20d298db00bc2264ab4acc4c908415 + +# Sec statement regarding proxy voting + +found and shared by [u/Staccado](https://www.reddit.com/u/Staccado/) + +[https://www.sec.gov/news/public-statement/corp-fin-proxy-rules-2021-06-01](https://www.sec.gov/news/public-statement/corp-fin-proxy-rules-2021-06-01) + +I have no clue what this means but something tells me.. something is up + +# Reverse Repo Rates + +the reverse repo rates have decreased + +But the amount of participants has also decreased. Past Friday saw 479.5 billion for 50 participants, and today's rate is 448 billion for only 43 participants. + +[https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) + +&#x200B; + +https://preview.redd.it/f4kb32xchu271.png?width=640&format=png&auto=webp&s=c28f401c14d3e8f6f1be4b8323694d6dd0a1f9b8 + +# Gamestop NFT + +I've been seeing some misinformation about this in the past few days, this either stems from people not understanding it or not having all the info available, for those I'd advise checking this one out: + +[https://gmedd.com/transformation/gamestop-unveils-official-nft-project/](https://gmedd.com/transformation/gamestop-unveils-official-nft-project/) + +It has all the information currently available on the NFT so it would be a good start for anyone who feels like they need some help, or want some additional information. + +&#x200B; + +# The japanese are calling for our aid + +And the Ameritards and Europoors will answer + +[u/StupidMonsters](https://www.reddit.com/u/StupidMonsters/) started a thread [here](https://www.reddit.com/r/Superstonk/comments/nq8idk/japanese_apes_calling_for_support_please_im/) + +Going over some problems our Japanese apes are facing, give it a read and look if you can help in any way shape or form, what I've read so far I fucking love it, people have an issue and 300+k people pile in to see how they can help one and other <3 + +&#x200B; + +https://preview.redd.it/q5i5idehhu271.png?width=625&format=png&auto=webp&s=142d55674d695dac5df8ac9561ff0b37c1c9a717 + +# You want another Gamma? + +Our in house wrinkle brained [u/Criand](https://www.reddit.com/u/Criand/) just posted a thread [here](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) + +in his own words a TLDR + +>**June 1st has kicked off with the DTC, ICC, OCC auction and wind-down plans officially being in place. This means it is OK to launch the rocket because those three entities are now protected. We're seeing very similar price movements and gamma squeeze signals compared to the previous T+35/T+21 runup that occurred from February 24th to March 10th. This means that we could very well see another gamma squeeze of similar or greater magnitude which would begin to go parabolic around June 9th.Note: This does NOT mean that a gamma squeeze WILL be coming. This is data supporting the fact that it COULD be coming. Do not take this as financial advice, and be aware that if you day trade you could miss the rocket.** + +Not saying there will be another Gamma right now, but it seems that there are some markers which would leave one to believe it's at least likely that we see something like that happen again. + +&#x200B; + +&#x200B; + +https://preview.redd.it/qr5jbuskhu271.png?width=554&format=png&auto=webp&s=26133806662ba0a861c32f8134cedb53decb3d20 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/1bxcv7wmhu271.png?width=400&format=png&auto=webp&s=93adb3ca499017a7335fcf73eea087b9427c2b2f + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +Countdown to the Annual shareholder meeting 7 days to go + +Edit 1: AnnihilationGod was kind enough to also research the trades starting April 1st, 53,40% of all gme shares traded during market hours were traded short. + +&#x200B; + +https://preview.redd.it/05enpnophu271.png?width=1061&format=png&auto=webp&s=54d729bea3357b40fc71bac085c7e76030d76a4c + +[https://twitter.com/js76651030/status/1400035934716968963?s=21](https://twitter.com/js76651030/status/1400035934716968963?s=21) + +Edit 2: updated the Short data up top, AG had to make a change so I changed the image. + +in his words: + +>Looks like i got an error in my chart from yesterday - Doesnt change much - forgot to add the short exempt vol to Total short, this increases the number of shorts during market hour. This lead to an amount of 0.5% up to 4.4% of market hours shorts missing in my chart. + +Edit 3: something went wrong with the formatting of the post so redid it. + +&#x200B; + +Edit 4: DFV tweeted +[https://twitter.com/TheRoaringKitty/status/1400089824015626240](https://twitter.com/TheRoaringKitty/status/1400089824015626240) + + The gains so green, + +Skies so blue + +Gamestop is Really great! +I always try to temper my expectations, but seems like something is coming up (again). + +&#x200B; + +Would he just buy a bunch of stock, raise the stock price, just to do nothing for months again, allowing SHF's to slowly drive the price back down? I don't buy that. Except *maybe* if he's making a statement to the SEC/DOJ etc. + +&#x200B; + +Either way, something's up. He's gotten a lot more bold, less cryptic, and most importantly, PUTTING HIS MONEY WHERE HIS MOUTH IS (following up on his previous tweets). + +&#x200B; + +Stonk gonna blow soon! But I'm ready to be disappointed again. +Ignore anyone who is promoting a service in this space. Most of thier content is a click funnel for thier course and will lead you down the wrong path. Learn from people who aren't trying to sell you $#!+ +https://www.cnbc.com/2020/05/29/us-savings-rate-hits-record-33percent-as-coronavirus-causes-americans-to-stockpile-cash-curb-spending.html + +Pretty staggering jump that far exceeds the previous record of 17.3% from May 1975. +This is huge tomorrow’s testimonies for the congressional hearing are out check them out on the links below. + +We need a wrinkled brain ape to go through this testimonies. + + +https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-genslerg-20210506.pdf + +https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-bodsonm-20210506.pdf + +https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-cookr-20210506.pdf + +EDIT: after going through Gensler testimony it looks promising indicating a full blown out investigation! I will only believe when I see actions. +The federal reserve has increased interest rates by 75 basis points, the biggest move since 1994. The dollar has gained, and stocks have pared some gains as of posting, although still remaining positive for the day. + +In the new statement, the Fed has removed the statement that household spending and business spending has remained strong, as well as its forecast that inflation will return to the 2% target while maintaining a strong labor market. + +Officials also significantly cut their outlook for 2022 economic growth, now anticipating just a 1.7% gain in GDP, down from 2.8% from March. +I recently started a new job after college and I work the typical 9-6 40 hours a week. The salary is decent but I want to make a lot more and I would like to work more (this position does not allow overtime). + +This brought me to thinking, "Are there many 9-6 40 hours a week jobs that pay a lot after five years of experience (let's say $120k annual or more)?" + +Certainly, there are leaders/CEOs that have a situation where operations are conducted by their subordinates, but these people got to where they are after working many thousands of hours. Physicians typically work long hours, and you have to consider the cost of several years of school/training. Professional service careers as lawyers/consultants/finance, they generally work long hours, too. + +Perhaps it is realistic to live a relatively comfortable life working 40 hours a week and still make a lot if you specialized and are skilled in a highly sought after field such as technology or engineering. (This is from an outside perspective based on what I've heard from a few friends in these fields. Could be entirely wrong) + +Do you make "a lot"? Do you work "very long" hours? Are these two basically connected most of the time regardless of career path? + +Edit:Clarification + +Edit 2:Wow! Thank you for all the great insight, everyone! I have to go run some errands but I'll be back and read everything. +The company I work for gives "annual reviews" to employees, but it doesn't seem like anyone ever gets a raise. I know I haven't, despite always being given positive feedback on my performance. + +So what is the point? How does a pat on the back compensate for increasing costs of living? +https://www.investopedia.com/terms/t/tombstone.asp + + + + + + +Death to RC Ventures - RIP to the dumbass that thought he could take on Amazon and turn around a failing brick and mortar + + + + + +New CUSIP for the newly merged entity = share recall + + + + + +Could this be the catalyst? +10 Best Stocks To Buy and Hold For 5 Years According To ARK’s Cathie Wood + +.. + +I am not a big fan of sharing "analyst's" predictions. Yet, consider the love of ARK funds and many considering Cathy one of the top wealth managers of our generation, I think it's worth a quick read. + +https://finance.yahoo.com/news/10-best-stocks-buy-hold-194232017.html + +The context and content is quite good, I definitely recommend you read the whole article, but tl;dr is below. + +- 10. Proto Labs, Inc. (NYSE:PRLB) +- 9. LendingTree, Inc. (TREE) +- 8. Teladoc Health, Inc. (NYSE:TDOC) +- 7. 2U, Inc. (NASDAQ:TWOU) +- 6. Zillow Group, Inc. (NASDAQ:Z) +- 5. CRISPR Therapeutics AG (NASDAQ:CRSP) +- 4. Roku, Inc. (NASDAQ:ROKU) +- 3. Square Inc. (NASDAQ:SQ) +- 2. Invitae Corporation (NYSE:NVTA) +- 1. Tesla Inc. (NASDAQ:TSLA) + +Honestly this is not a surprising list, considering many holdings are in ARKK. Yet, I'm sort of surprised to see Roku on the list. Their OS isn't great and most smart TV makers will opt in for their own app stores and OS versions over Roku. Although it's probably a good stock for the next five years, just wouldn't put at #2 (edit: #4) I guess. +I'm thinking this is the time to start doing some serious adult stuff like wills, life insurance, and advanced directives (like if I'm in a coma with serious brain damage, pull the plug pls). I'm wondering what documentation is necessary as a married couple and what other stuff I might be missing. We're planning to start trying for a kid in the next few months so I'd like to get a plan in order and execute on it before we become sleep deprived zombies with a cute kid to play with. +TL;DR + +* Sad-ass dude that got kicked from the board by RC a year ago gave a shitty interview to Bloomberg this weekend crying over RC not wanting to reveal his strategy to him +* MSM shills are at it now posting misleading headlines suggesting that GameStop leadership is currently collapsing +* InvestorPlace is directly claiming that GME went down 15% because Reggie resigned this weekend. + +Usually what MSM shills are posting makes me laugh but this is just fucking crime. I was curious what InvestorPlace has to say about yesterday's action as it popped out in my GME-related newsfeed and it fucking pissed me off this time. + +[https://web.archive.org/web/20220314215213/https://investorplace.com/2022/03/why-is-gamestop-gme-stock-down-today/](https://web.archive.org/web/20220314215213/https://investorplace.com/2022/03/why-is-gamestop-gme-stock-down-today/) (link through Web Archive to have it documented and not give these fuckers any clicks) + +So what made me furious is this part: + +>**On Saturday, the former face of Nintendo America, Reggie Fils-Aime, stepped down from GameStop’s leadership. Indeed, Fils-Aime departed the company’s board, citing disagreement between leaders. This comes just a year after he first joined GameStop.** + +Now I'm not a native speaker but for fucks sake this literally means that he **stepped down on Saturday, one year after he joined GameStop.** + +But the dude joined in April 2020 and resigned (got kicked off by RC along with the rest of the predators in BoD) in March 2021. On Saturday though he just started criticising GameStop for not listening to him and not including him in the inner strategy circle. + +This is not a mistake at this point, it's blatant lie and misinformation that is aiming to justify the disgusting shorting festival that we witnessed yesterday. I don't give a fuck how desperate they are. This is an intentional fake news that is aiming to affect the price action of GME. + +Can someone send me the link where I can report these assholes to DOJ? + +# Edit + +Submitted it here ([https://tcr.sec.gov/](https://tcr.sec.gov/)) as this is where DOJ fraud report redirected me. + +https://preview.redd.it/ikpqc4u9ijn81.png?width=947&format=png&auto=webp&s=f644a6dd5b8d64272a35cc660a17c8bc7868c779 + +# Edit 2 + +Reported also here: [https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + +https://preview.redd.it/vhghizcwwjn81.png?width=1010&format=png&auto=webp&s=243800a15a6b830f5bbbab29522c9acdb5279c6e + +# Edit 3 + +Dickheads updated this paragraph, changed "announcement" to "commentary" and added that he is a "former" director, and that the "stock tumbled 15%" after he "shared why he departed" 😆😆😆 + +https://preview.redd.it/09k0z1724ln81.png?width=1754&format=png&auto=webp&s=95249d9591845d857c8cce0fb5f0aa87234e8307 + +Luckily there is [web.archive](https://web.archive.org/web/20220314215213/https://investorplace.com/2022/03/why-is-gamestop-gme-stock-down-today/) +A lot of people on various different subreddits claim that Economics students (bachelor's) are generally in support of free markets. Moreover many left wing people are really skeptical of the study of economics. + +And I've also seen many right wing people cite economics against left wing and democrats in terms of scarcity being an argument against Welfare . + +And this is honestly really confusing . And it seems to me like a lot of people in politics really don't know what economics is . And I'd really like this to be cleared + + +TL;DR + +So where do economists lean politically ? +Hi, + +So I’ve read over the past couple of weeks that mortgage interest rates have been rising. + +I thought that in a low-interest environment mortgage rates would drop? + +Looking for an economic / financial explanation if possible beyond “to curb demand”, and how the secondary market (i.e bond prices) would affect that. + +I would have thought that low interest rates -> bond prices high -> lower mortgage rates. Can someone explain where I’m misunderstanding? +"If GME hits $73,000,000 by next century I will cut off my left nut" + +No one gives a fuck, just do the thing. Stop flooding the subreddit with garbage. You are not original, cool or funny. I REALLY don't get why people upvote these. Comments are fine but these posts only drown out other good content here. + +Inb4 a billion downvotes so might as well turn off replies to inbox +Per the character limit, I decided to make my own post to get this across to everyone. This is in regards to this post: https://www.reddit.com/r/Superstonk/comments/okxio7/delisting_gamestop_the_recent_letters_between/ + + +THIS IS ROUTINE - VALUATION ALLOWANCES ARE A NORMAL OCCURENCE. + +Aka, fuck this post. They wouldn't be able to delist Gamestop, it's straight FUD for something of this nature. These annual reports are already audited by an outside auditor. See their comments for the past annual report below: + +> We have audited the internal control over financial reporting of GameStop Corp. and subsidiaries (the “Company”) as of +>January 30, 2021, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee +>of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the Company maintained, in all material +>respects, effective internal control over financial reporting as of January 30, 2021, based on criteria established in Internal +>Control — Integrated Framework (2013) issued by COSO. + +>We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) +>(PCAOB), the consolidated financial statements as of and for the 52-week period ended January 30, 2021, of the Company +>and our report dated March 23, 2021, expressed an unqualified opinion on those financial statements. + +Unqualified opinions are want you want when you look at a financial statement. They are essentially a statement of "nothing being materially wrong". A qualified or adverse opinion is worse, and a disclaimer of opinion is worrisome because it implies that accurate information wasn't supplied to even complete the audit. + +Now let me continue by saying that a deferred tax asset arises when the Company's taxable income (for tax purposes) is lower than their book income (per financial statements or SEC filings, etc.) because of a temporary difference in the accounting treatment between book and taxes (i.e. timing of expense for book purposes vs. deduction for tax purposes). There are a variety of instances in which a DTA could arise, an NOL is just one. + +A deferred tax asset may or may not be utilized in the future depending on a variety of circumstances (this relates to the Valuation assertion of some balance sheet items). To reflect this uncertainty in the financial statements, a Company may determine that a valuation allowance to offset the DTA balance is required. Atleast one of which should be present for a VA not to be established: + +**1) Future reversals of existing taxable temporary differences** + +**2) Future taxable income exclusive of reversing temporary differences and carryforwards** + +**3) Taxable income in prior carryback year(s) if carryback is permitted under the tax law** + +**4) Tax-planning strategies that would, if necessary, be implemented to, for example:** + +4a) Accelerate taxable amounts to utilize expiring carryforwards + +4b) Change the character of taxable or deductible amounts from ordinary income or loss to capital gain or loss + +4c) Switch from tax-exempt to taxable investments. + +-Should really only be evaluated annually as constant reevaluation/reestimation of the valuation allowance can be used by management to smooth earnings (the change in the deferred tax component of income tax expense). + +In summary, the removal of a DTA VA means that the Company expects to have book income in the future to offset with the DTAs. This is all clearly surmised from the letters and annual report filings. +As we know it now, crypto is worth 92 billion as a market cap. But, it is still relatively unknown. Very few people know about crypto, and even fewer actually know how to invest in it or even care to. Most people just label it as another fad, another kind of geeky thing that computer geeks are talking about with each other like how a 16 year old kid would talk about the new call of duty or xbox scorpio. Yet, it is far far FAR from that. So let me explain. Smart contracts, stores of value, Dapps, ICO's, and much more have the potential to revolutionize the way the world spins as we know it. For once in our lifetimes, we have the chance to grab something by the balls and come out victorious. We have a rising asset class with the potential to change the world. To disrupt over 50% of every job on the planet of the earth (maybe more maybe less). Now you tell me, do you know any other investment in the world that can generate the returns we have seen like crypto? Many people think that since the price has gone so high, we are overvalued. Yet the reality is, we haven't even begun to be applicable in the real world. Just imagine what is going to happen when things go live. When BP announced that it is using ethereum for it's supply chain management. When a bank is using ethereum to review it's asset management. When these things happen, that is when we are going to see the REAL boom. But right now, we are getting a very very tiny taste of what is yet to come. + +This world, and this opportunity may not ever happen again in your lifetime. Take it wisely. +I was lucky to jump in and pump up quite a bit of dividend stocks during last year's market crash. However, like many others, I was cautious and did not buy as much I could have. many of us are in this situation now - There is money and desire to deploy but the following three factors are stopping us from pulling the trigger. + +1. All time high prices - Almost every blue chip dividend stock is at all time high (ATH) Take examples of Canadian bank stocks for example. +2. Yields have dropped off a cliff - or at least that is what it seems. BMO and CIBC were yielding 7-8% last year, something like a once in a life time bargain. Now yields are really low, 4% ish. +3. Buying stocks at ATH has a risk that while one may continue to reap dividends in future, there is a serious risk that one will have to see a sea of red for a long time if market decides to go lower in coming few years. Plus the lower yields. + +So what are your suggestions? Are you still buying your favorite blue chip dividend darlings at these ATH prices? If yes, are you buying small quantities to scratch the itch off or doing serious capital spending? +I made [a post](https://www.reddit.com/r/Superstonk/comments/r8etct/boomers_just_dont_get_it/) in which I was just ranting about government/wall street boomers and Mr. u/1978CR250 responded. Because he hasn't enough karma and also wasn't too bothered to figure out how to post on his own, we decided he was gonna mail me his story after I asked him to expand a little bit. + +Here it is: + +I am a 63 year old "Boomer" and I have been investing directly into companies through DRIPS, Dividend Reinvestment Plans, and DRS since the early 90s. I was self employed and wanted to create my own retirement. I came upon this strategy as an excellent way to build my retirement.  I could invest a portion of my income every month which worked very well with my cash flow and raising a family. I enjoyed researching good companies to invest long term. DRIPS were Large Cap Companies. Large Caps paid dividends, which back then direct investments from private individuals, as apposed to employees of companies, required the company to pay a dividend. Never researched why. I didn't really care. + +I would buy one share through a intermediator. I do not recall their name. They would set up my accounts with the company of my choice. Once the account was set up I could create a monthly or bi-monthly investment plan directly investing in the company. Examples were, MMM, Coca Cola, Home Depot, and many other good strong reputable companiesI also had a brokerage account through a bank, Glendale Federal Savings. Trading fees were quite high. Depending on the amount of shares purchased dictated the fee...ie, 100 shares may be $125.00 fee. Trading in odd lots was very pricey back then as well,. So DRIPS was a great way to invest x amount of dollars every month and purchase odd lots, 1 and 2 or fractional shares. DRIPS were also attractive because I was directly investing in the company and not through a broker. I new back then purchases through a broker were not directly invested in the company. I new brokers would use my dollars the same as a bank uses individuals savings accounts, for their own investment strategies. Also the internet, dial up, was just starting at the time. There was no trading on any line via computers. If I wanted to make a trade with a broker I would call via telephone.  I never had heard of naked shorting and or synthetic shares at anytime in my investment years, prior to "SuperStonk", I have been on Reddit and the Sub for almost 1 year. + +I will say I am very appreciative of the younger generations computer savvy and putting the energy and time into the "DD".  + +I have used Computershare for years. My Drips I had started were then directed to Computershare which established separate accounts for each of my investments. Another DRS is  "Sharowneronline". They do the same as Computershare. When I first Started my direct investing, I would have to wait for monthly statements via snail mail to view my accounts status. With CS and Shareowner I could easily browse companies to directly invest in and view my account status anytime I wanted. I do not recall when CS and Shareowner started.  + +I will end with my wife and I are XXX holders. We have averaged in through the months. I wish I new how to communicate better on the Sub. Had I been more knowledgeable with the ins and outs of Reddit I would have suggested CS. Hey I'm a Boomer, what can I say. We all know now. + +GME, firstly for me is just a down right good investment. RC and the Board, the technologies they will tap into two generations of gamers, the young here and yourr kids. I took my kids to Game Stop back in the day. Bought them a PS2 for Christmas, had Nintendo etc... good days.  + +Then there's the icing on the cake, Bonehead Ken Griffen and all his and other Hedge Fucks bulshit. I have been enlightened tremendously and am in the fight, + +Again I appreciate what I have read and have been educated on. + +Sincerely, + +1978CR250  +While studying Econ, and learning about the increasing economic inequality in the US as well as the massively growing gap between classes, I have always heard the same argument on how to combat it: tax the rich. + +Now, I understand the sentiment and why that would seem like it would be a good idea. If you can afford to buy a third home in Nantucket, you should be able contribute more than John down the street who lives off of raw ramen noodles and spare change. But, in practice there is no way to guarantee all of the upperclass pays their “fair share” so to speak. Whether it is through net loss re-works in your books, or foreign bank accounts, or tax havens, there will always be a way for a tax-savy accountant to find a loop hole for the wealthy when it comes to income taxes. + +Whenever we increase income taxes, intending on getting more from the higher groups, it is always the middle class that pays the most and we repeat this cycle over and over and over again. + +So, now for my theory. What if we got rid of the income tax all together? Instead, we switch over to a purely sales based program? There would be a flat 10-15% tax on everything anyone purchases (exempting things like food, and utilities.) There’s no loopholes to skirt through, no accountant to pay off, just a simple: if you buy more you pay more. + +There would be no way around it, and we wouldn’t be suffocating the lower classes with high tax rates. + +Is this a stupid idea? Or am I onto something here. Let me know if I’m being naive or missing the whole point here. +After years of searching, I’ve found land to build a custom home on. I intend to fund the purchase of the land ($700k) and new construction build ($1.1m) primarily with my former FAANG company’s stock, which comprises a scary 40% of my $5.7m net worth. I didn’t work for the ‘F’ or the ‘N’ in FAANG, but seeing them battered this year is a harsh diversification reminder, and I’m hoping a real estate purchase is a good way to achieve this. + +**My net worth is split between:** + +* $3.1m (54%) Vanguard index funds +* $2.3m (40%) former company stock +* $300k (6%) cash + +**My plan:** + +* Make a cash offer for the land ($700k) using my on-hand $300k cash and liquidate $400k in company stock. +* In the second half of next year, liquidate $1.1m of company stock to fund the builder draws. I’m hoping that construction prices will ease next year and stocks will recover some. I know this is a big bet. + +**Questions:** + +* Taxes: Anything I should watch out for when selling $400k of stock one year and $1.1m the next? All shares have long term capital gains (15% tax rate) and I’ll sell the lowest gain lots first. My wife and I are early retired and our only annual income is from dividends ($40k). I’m guessing I should contact my accountant afterwards to begin estimated taxes, so I don’t get hit with a penalty the following year? We’ll also lose any ACA subsidies. +* Percent of net worth: Afterwards, my house and land will comprise 33% of my net worth. Reading past fatFIRE threads, the average seems to be in the 20-25% range. I know this is relative to how much I spend in a year ($50k after dividend income) and what income generating assets I’ll have left ($3m in mostly index funds), but does 33% seem too high? A 4% annual withdrawal rate on $3m in index funds is $120k. 2% is $60k, which is close to what I expect my annual expenses to be. +* Betting the housing and stock markets switch directions: Earlier in the year, real estate went up and stocks went down. I’m hoping the opposite will play out over the next year: the bottom is in for stocks, especially the best-in-class tech ones (my former company), while much higher interest rates will kill demand for premium new builds (builders will have to reduce prices). Would you make the same bet? +* Any other risks you see? The biggest one I see is that if I purchase the land now and then stocks crash before I sell next year to fund my build, I’m left sitting on the land for years while stocks recover. +I'm no expert, but this simple change in thought has saved me more money over the past year than ever before. + +I was constantly thinking of ways to make more money in life, and would do anything it took to create multiple incomes. + +I was saving, but not really actively focused on it. + +I would just save what I planned to, and spend my budget as freely as possible. + +I then had a thought that if I actively tried to save and make better decisions under my budget, it would be like making money. + +I guess what it boils down to is this - + +Just because you have a budget, doesn't mean you need to spend all of it. + +I know that's a fundamental idea, but I never realized how just changing my thought process would make it that much more enjoyable to save. + +Now I look at money saved as money made. + +Didn't buy lunch and ate at home? I just made $15. + +Didn't buy the more expensive brand and went with the generic version? I just made $7. + +Went to the movies on discount night and didn't get snacks? I just made $20. + +Constantly doing this has increased my savings dramatically, and its actually a fun concept to keep me motivated. +Hey guys. + +I was literally fired less than hour ago, and this subreddit is the first "person" I'm telling. + +I just want to point out how incredibly important savings are. I am 24, and this was my first real job. I am fortunate to have saved $5,000 in savings (enough for about 4 to 5 months expenses) and that isnt even considering unemployment and my last check. + +This is a huge reason why I didn't cry when I was fired lol. It didn't feel like my livlihood was gone. + +That is all, just a PSA. + +Edit: Thank you all for the comments and support, I really appreciate you all! + +Edit 2: As the comments have pointed out, I was laid off and not fired! I appreciate the distinction now +This sub is for advice on how to live thriftily when you're trapped in poverty. Great you made it out, but a lot of us are still trapped. I'm curious how many people posting wins were "in poverty" because of covid vs have been living in it for most of their life. I am gatekeeping, call me out, idc. Just because you had to use your credit card for a few months between high 5 figure salary jobs doesn't mean you were in poverty. +Well well well... this is interesting, given we just got a refresher here at SuperStonk in regards to Bain Capital and Goldman Sachs bust out schemes. + +It seems they might be facing RICO charges because a whistle blower has come forward. Apparently the guy has been blogging about it here: + +https://medium.com/@laserdliquidator/my-whistleblower-choice-be-disparaged-arrested-or-dead-7bab6e2708bc + +And here: + +https://medium.com/@laserdliquidator/if-you-want-you-can-follow-my-etoys-sec-whistleblower-case-from-the-beginning-514a20198666 + +What really pisses me is this guy is getting ~~visited~~ harassed by LEOs because he’s blowing the whistle on fraud and racketeering. That’s F$#!’d up, FBI in the pockets of the criminals much? +As mentioned previously, I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. + +Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + +# Random ASX Stonk of the Week - Week 2: + +**Company name:** McGrath Limited + +**Ticker:** MEA + +**Industry:** Real Estate + +**Headquarters:** Sydney + +**Market cap:** $102m + +**Current share price:** $0.61 + +**P/E ratio:** 10.5 + +**1-year Performance:** \+110.17% + +**What they do, smoothbrain version:** slimy real estate agents who charge shitloads of commission on houses for doing fuck-all + +**What they say they do, wanky version:** *"We are a real estate company built around a community of genuine, like-minded professionals with one goal - to achieve the best result for each and every client."* 🍆👋 + +**What they do, actual version:** You may not know the stock ticker MEA, but you probably sure as fuck know the company McGrath if you've walked through any major Aussie east coast city suburb in recent years. + +Like vampires, they have expanded to cover most of the eastern seaboard - wherever there is sweet, delicious and sustaining commission on housing to be leeched. + +McGrath Ltd are a Sydney-based chain of real estate agencies with over 100 individual offices across the country, who have been around since 1988. They derive their revenue mostly from commissions/listing fees for sales of property, but also through an ongoing rent roll of rental properties and via loans. + +**What looks good:** + +* Investing in a company like McGrath could potentially serve as a proxy for "investing in Aussie real estate" for those who either can't afford, or choose not to, buy their own house. It seems like a more fundamentally sound substitute vs. something like RealEstate.com.au (REA) on the ASX given REA currently trades at a ridiculously overvalued 136(!) P/E ratio. A.k.a, if you think the Aussie real estate industry is going to keep booming for the foreseeable future, MEA might be a good bet as a mid-term hold. + +* Their increase in sales pretty much directly aligns with the post-Covid property bumrush we are seeing, with a 22% increase in total properties sold over the previous reporting period. + +* Total value of properties sold in the first half of FY2021 was $7.6 billion vs. $5.9 billion for the same time the previous year. Given current market trends, this looks like it will be all but guaranteed to increase over the current period. + +* It's not just the *quantity* of Aussie houses being listed increasing, but the rising actual *prices* themselves, making for a double-whammy of potential increased revenue for not much extra effort or innovation required on MEA's end. + +* They have recommenced payment of a dividend as of this year. + +* Even though the system's calculations are a bit retarded, [SimplyWallSt](https://simplywall.st/stocks/au/real-estate/asx-mea/mcgrath-shares) lists the company as "Trading at 96.4% below our estimate of its fair value", which would place the SP at around $17 (retarded x 999); however even removing their JobKeeper & office sale revenue from the picture would still place it well above the current SP for "fair value" in the same system. + +* No (zero) debt to be concerned about, financially healthy overall. + +* Management should still be seen as strongly invested given, you know, the guy with his name on the company sign still owns over 20%. + +**What doesn't look good:** + +* Their most recent financials are propped up by a couple of abnormalities. They sold their Parramatta office for a chunk of revenue, and also received JobKeeper, combining for around \~$4 million of revenue which made up a huge chunk of their turnaround back to profitability. + +* ...however, even without this amount their after-tax profit still increased from a \~$1 million loss in the same period of 2019, to a $4.4 million profit in the Dec period 2020. This came about as a combination of increased revenue (16%) as well as a \~$1 million cost reduction in "cost of doing business", which probably means they fired a bunch of unlucky junior cunts during the pandemic who now gamble their Centrelink money on this subreddit. + +* The current Real Estate market might be a stimulus-and-low-rate-fuelled mirage that could come crashing down at any time if rates rise. + +* No debt can also sometimes signal a lack of growth ambition as far as listed companies go, and decreases "rocket potential". + +* Has had a couple of wonky years in the past couple of years revenue-wise. + +**Overall rating (strong buy/buy/hold/avoid):** seeing the Aus property market is retarded and growing moreso, you'd think their revenue is pretty insulated - especially via the endless backing by the government for the real estate industry - so as to increase. I would say Buy. + +MarketIndex page: [https://www.marketindex.com.au/asx/mea](https://www.marketindex.com.au/asx/mea) + +Feel free to add more DD/comments below. + +Would you buy this stonk? Why or why not? Feel free to vote in the poll. + +Link to previous Random Stonk of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +[View Poll](https://www.reddit.com/poll/lyojgx) +**Preamble:** There is no way around it. A vast majority of us Redditors absolutely hate The Motley Fool. I feel that it’s justified, given their clickbait titles or “5 can't miss stocks of the century” or turning 1,000 into 100,000 posts designed just to drive traffic to their website. Another Redditor summed it up perfectly with this, + +>If [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) and [r/stocks](https://www.reddit.com/r/stocks/) can agree on one thing, it’s that Motley Fool is utter trash + +Now that that’s out of the way, let’s come to my hypothesis. There are more than 1 million paying subscribers for Motley Fool’s premium subscription. This implies that they are providing some sort of value that encouraged more than 1MM customers to pay up. They have claimed on their website that they have 4X’ed the S&P500 returns over the last 19 years. I wanted to check if this claim is due to some statistical trickery or some outlier stocks which they lucked out on or was it just plain good recommendations that beat the market. + +Basically, **What I wanted to know was this - Would you have been able to beat the market if you had followed their recommendations?** + +**Where is the data from:** The data is from Motley Fool Premium subscription (Stock Advisor) in Canada. Due to this, the data is limited from 2013 and they have made a total of 91 recommendations for US-listed stocks. (They make one buy recommendation every 4th Wednesday of the month). I feel that 8 years is a long enough time frame to benchmark their performance. If you have seen my previous posts, I always share the data used in the analysis. But in this case, I will not be able to share the data as per the terms and conditions of their subscription. + +**Analysis:** As per Motley Fool, their stock picks are long-term plays (at least 5 years). Hence for all their recommendations I calculated the stock price change across 4 periods and benchmarked it against S&P500 returns during the same period. + +a. One-Quarter + +b. One Year + +c. Two Year + +d. Till Date (From the day of recommendation to Today) + +Another feedback that I received for my previous analysis was starting price point for analysis. In this case, Motley Fool recommends their stock picks on Wed market close, I am considering the starting point of my analysis on Thursday’s market close price (i.e, you could have bought the share anytime during the next day). + +**Results:** + +https://preview.redd.it/qg04a2wabbw61.png?width=623&format=png&auto=webp&s=0486800be95f3c49097df601935236a2bc500b11 + + As we can see from the above chart, Motley Fool’s recommendations did beat the market over the long term across the different time periods. Their one-year returns were \~2X and two-year returns were \~3X the SPY returns. Even capping for outliers (stocks that gained more than 100%), their returns were better than the S&P benchmark. + +https://preview.redd.it/xq68n5kbbbw61.png?width=623&format=png&auto=webp&s=327a831304a22ffb7588037b74da15e2de559e9b + +But it’s not like all their strategies were good. As we can see from the above chart, their sell recommendations were not exactly ideal and you would have gained more if you just stayed put on your portfolio and did not sell when they recommended you to sell. One of the major contributors to this difference was that they issued a sell recommendation for Tesla in 2019 for a good profit but missed out on Tesla’s 2020 rally. + +**How much money should you be managing to profitably use Motley Fool recommendations?** + +The stock advisor subscription costs $100 per year. Considering their yearly returns beat the benchmark by 13%, to break even, you only need to invest $770 per year. Considering a 5x factor of safety as historical performance cannot be expected to be repeated and to factor in all the extra trading fees, one has to invest around $4k every year. You also have to factor in the mental stress that you will have to put up with all their upselling tactics and clickbait e-mails that they send. + +**Limitations of analysis:** Since I am using the Canadian version of Motley Fool’s premium subscription, I have only access to the US recommendations made from 2013. But, 8 years is a considerably long time to benchmark returns for the service. Also, I am unable to share the data I used in the analysis for cross-verification by other people. + +But I am definitely not the first person to independently analyze their recommendations. [This](https://www.researchgate.net/publication/321057021_Evaluating_the_performance_of_the_Motley_Fool%2527s_Stock_Advisor/fulltext/5a0af7be458515e482743bf9/Evaluating-the-performance-of-the-Motley-Fools-Stock-Advisor.pdf?origin=publication_detail) peer-reviewed research publication in 2017 came to the same conclusion for the time period that was before my analysis. + +>We find that the Stock Advisor recommendations do statistically outperform the matched samples and S&P 500 index, since the creation of Stock Advisor in 2002 regarding both short-term and long-term holding periods. Over a longer holding period, the Stock Advisor portfolio repeatedly outperforms the S&P 500 index and matched samples in terms of monthly raw returns and risk-adjusted measures. Although the overall performance of the Stock Advisor portfolio benefits from remarkable recommendation performances between 2002 and 2006, the portfolio still exceeds the benchmarks regarding risk-adjusted measures during the subsequent period between 2007 and 2011 + +**Conclusion:** + +I have some theories on why Motley Fool produces content the way they do. The free articles of the company are just created to drive the maximum amount of traffic to their website. If we have learned anything from the changes in blog headlines and YouTube thumbnails, it’s that clickbait works. I guess they must have decided that the traffic they generate from the headlines and articles far outweigh the negative PR they get due to the same articles. + +Whatever the case may be, rather than hating on something regardless of the results, we could give credit where credit is due! I started the research being extremely skeptical, but my analysis, as well as peer-reviewed papers, shows that their Stock Advisor picks beat the market over the long run. + +*Disclaimer: I am not a financial advisor and in no way related to Motley Fools.* +[Article in question](https://www.bbc.co.uk/news/uk-53894998) + + + +Maybe I'm being unreasonable this early in the morning, but I thought the messaging in this article was quite misleading by mistaking spending for saving. The original headline for this article was "I saved £150 doing Eat Out to Help Out" based on the experiences of a woman who must have eaten out at least 15 times in two weeks. + + +I would only call this saving money if you were originally planning to eat out 15 times on a Monday, Tuesday or Wednesday in the space of two weeks and the govt deal allowed you to reclaim some of that cash back. + +Otherwise a better headline would read "I spent £150+ taking advantage of EOTHO" +Here is a year old article which listed "Analysts' Stocks to Watch in 2018". The list included, Large Cap, Mid Cap and Small Cap stocks. + +[https://www.marketwatch.com/story/analysts-expect-these-large-cap-us-stocks-to-rise-at-least-25-in-2018-2017-12-04](https://www.marketwatch.com/story/analysts-expect-these-large-cap-us-stocks-to-rise-at-least-25-in-2018-2017-12-04) + +Almost a year late here is how these lists fared in 2018. + +[https://docs.google.com/spreadsheets/d/1HRJcbrCQJZ54IVZA2d2Sj-YMDL7ebPJiKPBQBFCQ7XU/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1HRJcbrCQJZ54IVZA2d2Sj-YMDL7ebPJiKPBQBFCQ7XU/edit?usp=sharing) + +tl;dr: They sucked. +I see a lot of dividend investors recommend Apple and Microsoft for the sake of future dividend growth. + +&#x200B; + +Currently Apple pays a 0.70% dividend yield at the share price of $127. + +And Microsoft pays a 0.91% dividend yield at the share price of $247. + +&#x200B; + +For Apple that's a \~27% dividend payout ratio based on the trailing 12 months. + +And for Microsoft that's a \~39% dividend payout ratio based on the trailing 12 months. + +&#x200B; + +Apple has been increasing their dividends consecutively for 8 years now. + +and Microsoft has been increasing their dividend consecutively for 11 years now. + +&#x200B; + +Correct me if i'm wrong but, if i'm not misunderstanding this then if you buy shares now at the current share price and with the current yield, and they both continue to increase their dividends then doesn't that mean that your ''personal'' dividend yield will be a lot higher then 0.70% or 0.91%? + +&#x200B; + +I mean that the price you paid for it per share ($127 and $247) will likely be a lot lower then the price other investors will have to pay for it in the future but you still get the same dividend per share. + +I think this is called ''Yield On Cost'' but i'm not sure. + +And if this is true then doesn't it mean that long-term (like 20+ years in the future) it's probably better to buy stocks that have a low yield now but are continuously increasing their dividends and have a lot of room for that dividend to grow? + +&#x200B; + +If the question above is true then, the point i'm trying to get to is why Apple and Microsoft in particular? + +&#x200B; + +EDIT: thanks everyone for the answers, i read through all of them. I'm gonna go do some calculations and see where these 2 fit in my portfolio. I appreciate this sub. +I can't believe that the front page post about porn coins being "the next big thing" has been so massively upvoted. Is it being brigaded? Or do people think it's tagged as comedy? + +Why the heck would we need a brand new coin to buy porn? If I wanted anonymity then surely i'd use one of the already existing, perfectly functioning, time-tested privacy coins like XMR, DASH or ZCASH? Why would I want to take the extra steps of going to some dodgy exchange to buy a coin that I can solely use for one thing? It literally makes zero sense + +Plus, every single of those coins OP listed is an ERC-20 token. I don't know how many of you are familiar with ethereum gas prices (i'm guessing the majority are) but I don't really feel like paying hundreds of dollars in gas fees just to see Tyrone bang somebody's wife. I make transactions with XMR all the time and end up paying a few cents + +Unless i'm missing something here then it's pretty clear that porn coins will NOT be the next big thing +Hi /r/ Personal Finance + +I live overseas and recently I started working with a new company. About two weeks ago I received an email with some information that needed to be reviewed by HR and one item (out of many) ended up being partial company payroll information for employees in my department. My best guess is that the file was accidentally saved under the wrong title. + +No one knows I have this information. What is shocking was to see how little I'm earning in salary compared to several colleagues. I'm the new head of my department but I'm not earning close to what several other employees are earning; even some with lessor positions. Those with equal-ish footing to my role are essentially earning about twice to three times the amount I earn. + +Obviously I want to now renegotiate my salary and a better package; but as I'm new to the company I want to proceed with some caution. + +Not sure the best way to go about this to keep myself protected, increase my salary, and to avoid this biting me in the ass somehow. + +Any advice? + +**Edits** + +Didn't expect so many messages this morning. To answer a few questions, I should point out a few things. + +1. My job pays 6 figures and is above the current market rate. + +2. The payroll information indicates monthly compensation, not YTD + +3. The payroll information indicates people hired within the last 1 year to company. Not for all employees + +4. The information is for people locally in my office; so not factoring in cost of living for discrepancies. + +5. There is no currency difference + +6. This is not typical U.S. "at will employment" as some people are saying. However, as an expat in a foreign country, I'm aware I have many limitations/lack of protections. + +6. The information received is accurate + +I don't care about pay discrepancies of $10k or $20k; However this is double and triple my earnings; This is not cross-departments either; this is in my department and I oversee many of these people. + +Market-wise; yes I'll be looking for other employment as a back-up, but my earning wage is higher than market rates and my industry is a bit unique. + +My interest was to get advice on the best way to go about increasing my salary to these new levels; with the information I have. Not necessarily by tomorrow! + +**Edit 2** + +Because seniority keeps being brought up . This payroll information only includes the people ***newly hired during the last 1 year***. The company starting date is listed on the document, and I've been able to confirm that information is accurate. + +Also, I'm located in Asia - This is not an expat relocation package. I live here and the people in my office are also from said country. + +Pay differences aren't a big deal. However, 2x to 3x pay difference is a big deal. Salary was negotiated, I'm earning more than my counterparts at different companies of the same industry. Been in this industry for 10+ years and know the market rates. + +My information is listed on the document, so I can see how the calculation is being done. + +Edit 3 + +Lot more response than I expected. Will do an update post later and include some more information. + +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 believe the main reason for the wait right now is the launch of counterfactual wallets. Daniel Wang specifically hinted at this while being interviewed about smart wallets and the counterfactual wallet update. + +*”Right now on the Ethereum mainnet, each wallet will cost about 650K gas, which translates to, you know, about $100 sometimes.”* + + +**”This is a huge barrier to our massive adoption.”** + +*”So the idea now for us is that we want to allow people to try more wallets before they pay for the wallet creation.”* + +Link to interview: + +https://medium.com/loopring-protocol/counterfactual-wallet-nfts-on-loopring-229d38a3c28a + +To put it simply, Counterfactual wallets are kind of like a try it before you buy it approach to creating wallets. They also remove the roadblock to massive adoption. + +So simply put, why launch a marketplace without removing that massive barrier to new user adoption? They would set themselves up for failure if they did. This is why I believe it makes complete business sense to launch the NFT Marketplace alongside the counterfactual wallet release. + +Okay so when does this counterfactual wallet get released? Well I’ve asked multiple times and they are very hush hush and respond vaguely. So this got me very suspicious! Why the secrecy unless it is tied to the marketplace? That’s when I read that medium interview, it really started creating a wrinkle on my smooth brain. + +So I did some digging and found this discord post that a redditor shared with me. This gives us our best confirmation of a release date for the counterfactual wallets. + +https://m.imgur.com/a/8RY0gnW + + +You apes ready for next week? This discord response was made on 10/22, which means counterfactual wallets would release on or around 11/5. + +Remember remember the 5th of November! + +I should also note that publicly traded companies (like GME) love to release news after hours on a Friday in order to build up hype for Monday’s trading session. Also, What’s everyone going to be talking about around the dinner table on Thanksgiving? This release allows for that hype to spread fast and just in time for the Christmas shopping season. + +To jack your tits even more, here is a summary of all the theories converging on November 5th in addition to mine! + +1. ⁠Twitter Banner Double Countdown starts after the banner has been consistent for months (6,5,4,3)...after apes notice, the countdown pauses. +2. ⁠Mario Party Superstars Banner (2) - countdown continues with "Final Countdown" game edited from original banner with 2's edited in. +3. ⁠Call of Duty: Vanguard (1) - signals the end of the "Final Countdown" - November 5th. +4. ⁠90/60/30 tweet interval from Ryan Cohen led us to 70/40/10 interval between Ryan Cohen tweets and November 5th. +5. ⁠Gamestop tweets the same Alien quote referencing the November 5th tweet by Roaring Kitty/DFV "In an Infinity Squeeze, nobody can hear you scream". + +Thanks to u/Altruistic-sir-6329 for the summary and of theories! + + +Buckle up Apes, the end is here. +I have a bunch of money saved up from working over the last few years (25yo), and it's currently sitting in my bank account. I have a vague understanding of finances/the stock market, but not much practical experience. + +I don't have very specific investing goals, beyond just the fact that I have this money, with no immediate plans to spend it, so I want it to just sit in a spot where I won't progressively lose it to inflation. + +At the moment I live in France (EU citizen), but I'm not necessarily tied to this country, so ideally I'd like something international, so that in case I do move, I won't have to deal with a bunch of extra hassle to move the money over. + +My preliminary plan is to put it in ETFs, e.g. in eToro. So just open an account there, put money in some ETF, something related to S&P 500 or whatnot. Does this sound like a reasonable plan? And if so, and I do that, and get some earnings, how do I figure out the taxes around it? (not necessarily looking for specific directions, but just what I should look up when the time comes) +https://betterdwelling.com/canadas-super-rich-actually-own-a-bigger-share-of-wealth-than-previously-thought/ According to that source and The PBO, the 1% possess a minimum net worth ⠀of $6.1 million (household). There are only 10.3 million households. So that makes 103,000 families in the 1%. How do they get that rich? Does anyone have any insights on what these 103,000 families do? +Hello all, + +I've noticed that despite having over 700,000 readers, this sub only gets about 5-8 posts per day—an extremely low rate of posting for how many people are here. + +Instead, virtually all discussion gets locked up in the daily discussion threads, which tend to get about 700 to 1000 comments each. + +I feel this makes it very difficult to browse, as the daily thread post titles indicate nothing about what's in the comments. It also makes search almost totally useless, as reddit's search only looks at submissions, not comments. + +In other words, this is a poor way to organize content. The stated purpose of daily threads is for anything that 'doesn't warrant its own post', but that has resulted in the vast majority of all discussion getting clumped into a few posts—even hundreds of topics that *could* warrant their own threads, but are instead buried in a vast ocean of comments on a single post. + +For example on today's daily thread, there was an interesting string of comment asking about Traditional vs Roth TSPs. But guess what? That sub-thread is going to be completely undiscoverable in the future (at least using reddit search). + +Suggested alternatives: + +* Loosen, in some way, what qualifies for its own thread +* Choose weekly discussion topics to help group comments around a certain topic together. +* Along with the previous bullet, a meta thread could be maintained to help the community brainstorm topics they'd like to see discussed. +Link: https://www.mcgillpersonalfinance.com/ + +I haven't tried it out yet but I'm planning to soon. + +Edit: Ooh wow my highest upvoted post. Glad you guys find it useful! +Hi everyone, + +I have been working on a new site to better visualize option trades with the ability to change all of the parameters in real time. I am hoping it helps people get a better understanding of various options strategies. (My site includes about 55 pre-made strategies) + +**Here is a quick video:** + +&#x200B; + +https://reddit.com/link/jv7b8d/video/lr0ecirpzlz51/player + +Some nice to have features I've added include: Market events (show ex-divided, earnings, and split dates), liquidity bars to show the relative volume of each strike, and the ability to save trades and see what they have earned so far. (Saving trades requires a free account, but everything else doesn't) + +I'm more of a developer than a trader, so I am very open to suggestions and will be here to fix any issues you may run into (although it is pretty stable at this point). + +**Here are some example strategies:** + +[https://optionstrat.com/build/long-call/SPY](https://optionstrat.com/build/long-call/SPY) + +[https://optionstrat.com/build/bull-put-spread/SPY](https://optionstrat.com/build/bull-put-spread/SPY) + +I also just released a second part to this project, which optimizes trades by ROI or chance of profit (or somewhere in between). You can find the strategy optimizer in the menu as well. +Someone made a thread with [this article](https://invezz.com/news/2021/03/12/georgia-passes-a-bill-to-teach-high-school-students-about-crypto/) and a very clickbaity title to entice and get reactions and comments from all of you (obviously for Moon farming). It got to the frontpage with about 8k upvotes. If you read the article you will see that: + +&#x200B; + +1. It's from March 12, not recent. +2. Any "proposed bill" needs to be approved by both legislature houses (House of Representatives and Senate). It was only approved on the House of Representatives, so it effectivelly wasn't "passed". +3. It's already dead on the Senate [as you can read here: "Status: Engrossed on March 8 2021 - 50% progression, **died in chamber**](https://legiscan.com/GA/bill/HB681/2021)" +4. The proposed bill intended to add a **16 point Financial Literacy course** to 10th and 11th graders **where one of them was cryptocurrency** [as you can see here.](https://www.legis.ga.gov/api/legislation/document/20212022/199139) +5. This is literally in the second paragraph of the original article: *According to the report, the bill aims to amend the current curriculum for 10th and 11th-grade students. The new program would consist of 16 new areas of financial literacy such as cryptocurrency, balancing a checking account, money management, making investments, and completing loan applications, among other traditional subjects.* + +&#x200B; + +Easy conclusion: Georgia is not teaching students about Crytocurrency. People will upvote whatever makes them feel good even though a simple reading of the article and a small amount of critical thinking would make them at least question the way the headline was written. + +&#x200B; + +Let's be better :) +My wife grew up in a family of six with a stay at home mom and money was always tight. Her family was able to get by but money was always tight, financial independence was never on their timeline. That isn't a bad thing, but it sets up the story to come. My mother in law now works part time but would rather be home most days, their youngest is 19yo now. They have a tight sense of family; 19yo, 22yo, and 27yo plus 27yo fiancé are all under one room with the inlaws. My wife is the only one who lives on her own, with me. + +I work for the feds and there is a excellent daycare, run by employees of my facility, on site where I work that is both very affordable and good for the kids who go there. Lots of activities, the teach the kids sign language, reading, etc. My wife is a healthcare professional who's starting income is about 160k/year and she's planning on going back to work next week. To help with her schedule and my schedule, we were planning on putting our kids in day care (under 2yo) for TWO days a week, 5hrs a day. Nothing crazy. Our goal is to pay off our house in the next year and a half before the 3rd kid comes. Great. + +Fast forward to last night, my wife is talking to her parents about the situation and the day care idea comes up. My wife explains our situation about wanting to pay off the house and her parents lay into her about being selfish and ridiculous. "Why can't you be normal and raise your kids the way we did?!" "Everybody pays their house off in 30 years, why do you have to do it differently?" "Why do you have to do this to our grandchildren?" I could continue but you see the point. + +Suffice to say, your business is your business. Her parents are upset with us now and, to be completely honest, my wife is equally upset with them. Another reason to keep your plans to yourself and just run the course. +Howdy! + +I note there was a thread here a little while ago about payday lenders in disguise, including MyPayNow and BeforePay. Shocking stuff. + +I've been researching/writing about this since Oct last year, and made an appearance on a great article by SMH this morning if anyone is interested: + +[https://www.smh.com.au/business/entrepreneurship/up-there-with-pay-day-loans-calls-for-crackdown-on-wage-advance-apps-20210715-p589xm.html](https://www.smh.com.au/business/entrepreneurship/up-there-with-pay-day-loans-calls-for-crackdown-on-wage-advance-apps-20210715-p589xm.html) + +There is more detail in this little thread I wrote, including how proposterous it is that major television networks think it's ok to let quasi-payday lenders be major sponsors of prime-time shows, and the Gold Coast Titans bragging about being a part of what appears to be payay lending campaign: + +[https://twitter.com/Gabe\_Bernarde/status/1417313987251691521](https://twitter.com/Gabe_Bernarde/status/1417313987251691521) + +Lastly, I am writing a formal complaint to ASIC with a lot more detail and would like to get more data from people who have used the service. I put out a call on my twitter, would appreciate any updoots and retweets. + +[https://twitter.com/Gabe\_Bernarde/status/1417318442173034501](https://twitter.com/Gabe_Bernarde/status/1417318442173034501) + +Cheers! + +Gabe +Thought I would have a quick run through of the mid February 13F's to see who has the big positions against GME. Here is the list if anyone is interested, it covers everyone with positions over $30m. I know the majority of this has already been quantified elsewhere, but wanted to make sure (as don't like to trust information unless I see it myself). As always, this is not financial advice. + +&#x200B; + +>It is said that if you **know your enemies** and **know** yourself, you will not be imperiled in a hundred battles; if you do not **know your enemies** but do **know** yourself, you will win one and lose one; if you do not **know your enemies** nor yourself, you will be imperiled in every single battle. + +&#x200B; + +This then lead me down the path of looking who holds big positions against EX R TEHE and some of the other ETFs that hold massive positions in GME. Surprise, it's all the same people, guess if I went down the rabbit hole of all the ETF's that hold GME it would be the same story. Thing is, even in massive ETF's like the iShares Core S&P Small-Cap ETF, some of these guys have very big positions against. + +Biggest surprise to me was to see UBS and Citigroup in there. These guys definitely fit into the too big to fail category. + +If you need any reason why the entire market shakes when GME goes up, just look at the market value of all positions of these organisations. What you have got remember, is that when some of these organisations unwind their positions, the ALGOS follow and it has an amplification effect. Billions of dollars of positions being unwound can amplify into the tens of Billions very easily due to HFT trying to get an edge. + +You also need to remember that these positions are most likely way under what is actually there, mostly down to the fines for mis reporting being pitiful. + +If you can't be bothered to look at the information below, the big bosses are Melvin, Citadel and Susquehanna (SIG). I would even go as far as to say that Susquehanna (SIG) might be the final boss. Guess what? Susquehanna also has a market making arm called G1 EXECUTION SERVICES, dirty fingers across the same pies as shitadel. + +Edit: Guess who also owns 4,225,900 of puts totalling $85,448,000 and 4,196,299 of calls totalling $84,849,000 in RKT, you are right Susquehanna. Big thanks to the u/[Dadri88](https://www.reddit.com/user/Dadri88/) below for this. Guess who else also has a big position in RKT, yep, just your friendly neighbourhood Citadel. $59,770,000 in calls and $37,189,000 in puts. If I had a really big hedge fund, maybe I would put puts and calls on a company, push a narrative on social media and then benefit either way off of the volatility. Not in any way saying that this is what these guys are doing...... + +Let me share with you this line from wikipedia about Susquehanna, + +&#x200B; + +>Poker and other games are an important part of the SIG company culture. The founders and senior traders believe that poker teaches lessons on decision making under conditions of uncertainty. SIG hosts an internal poker tournament annually and has even used poker as a recruiting tool. The company employs Bill Chen, a World Series of Poker star, in its quantitative trading group + +&#x200B; + +The idiots on TV might say we are turning the market into a casino, however we as shareholders are up against a company that has bluffing as a core part of its trading strategy and company culture. Anyway, here is the list, + +# MELVIN CAPITAL MANAGEMENT LP + +**Total GME Position (PUTS):** 6,000,000 + +**Position Value (PUTS):** $113 Million + +**Market Value of all positions**: $22.64 Billion + +# SUSQUEHANNA INTERNATIONAL GROUP, LLP + +**Total GME Position (PUTS):** 4,882,600 + +**GME Position Value (PUTS):** $91.9 Million + +**Total EX R TEHE Position (PUTS):** 1,176,000 + +**EX R TEHE Position Value (PUTS):** $75.64 Million + +**Total IJR Position (PUTS):** 392,900 + +**IJR Position Value (PUTS):** $36.11 Million + +**Total IWM Position (PUTS):** 33,052,600 + +**IWM Position Value (PUTS):** $6.48 Billion (No shit, this is a big one) + +**Market Value of all positions**: $612.15 Billion + +# UBS Group AG + +**Tota GME Position (PUTS):** 3,815,800 + +**GME Position Value (PUTS):** $71.89 Million + +**Total EX R TEHE Position (PUTS):** 700,000 + +**EX R TEHE** **Position Value (PUTS):** $45.02 Million + +**Market Value of all positions**: $295.785 Billion + +# GROUP ONE TRADING, L.P. + +**Total GME Position (PUTS):** 3,657,300 + +**GME Position Value (PUTS):** $68.90 Million + +**Market Value of all positions**: $57.81 Billion + +# CITADEL ADVISORS LLC + +**Total GME Position (PUTS):** 2,224,500 + +**GME Position Value (PUTS):** $41.91 Million + +**TotalEX R TEHE Position (PUTS):** 1,441,600 + +**EX R TEHE** **Position Value (PUTS):** $92.72 Million + +**Total VTI Position (PUTS):** 79,000 + +**VTI Position Value (PUTS):** $15.38 Million + +**Market Value of all positions**: $384.6 Billion + +# CITIGROUP INC + +**Total GME Position (PUTS):** 1,715,200 + +**GME Position Value (PUTS):** $32.31 Million + +**Total EX R TEHE** **Position (PUTS):** 384,900 + +**EX R TEHE** **Position Value (PUTS):** $24.76 Million + +**Market Value of all positions**: $169.392 Billion + +# WOLVERINE TRADING, LLC + +**Total GME Position (PUTS):** 1,642,200 + +**GME Position Value (PUTS):** $31.62 Million + +**Total EX R TEHE Position (PUTS):** 173,700 + +**EX R TEHE Position Value (PUTS):** $11.28 Million + +**Market Value of all positions**: $64.05 Billion + +# MAPLELANE CAPITAL, LLC + +**Total GME Position (PUTS):** 1,600,000 + +**GME Position Value (PUTS):** $30.14 Million + +**Total IWM Position (PUTS):** 880,000 + +**IWM Position Value (PUTS):** $172.5 Million + +**Market Value of all positions**: $7.36 Billion + +\------------------------------------------------------- + +edit: messed up the title due to copy and pasting, as automod hates a certain ticker. + +edi2: watch uncle bruce talk about GME all the way through the trading day, bloody love this guy - [https://www.youtube.com/watch?v=jNAx2H9lO6Y](https://www.youtube.com/watch?v=jNAx2H9lO6Y) + +edit3: Just as a heads up as it has come up in the comments, as some people have misconstrued this as the filings are for everything before February. These filings are from mid February for the last quarter of 2020. Yes their positions can and probably have changed in the last 2 months. However it is all we have. +I am soon to be 20k deep in repairs on this damn multi family I bought less than a year ago. + +- Soon to be all new roof (was told it was in first third of life) +- New washer dryer +- Partial Bathroom Reno(exploded pipe) +- Sump pump fix +- Some masonry work + +My tenant just texted me about water coming from the ceiling. I am at wits end with the never ending bullshit. I feel like I bought a lemon. +[This shit right here](https://www.reddit.com/r/Superstonk/comments/mtnzih/since_citadel_has_been_working_over_the_weekend_i/?utm_medium=android_app&utm_source=share), this we dont need. + +The subs and GME holders dont need this type of attention. Its bad enough we already have and will have the media painting us as the bad guys in all of this, we dont need to prove them right. Honestly the weekend is so slow for some of you that you feel inclined to do shit like this? It paints us ALL in a bad light. This behaviour is NOT the way. + +What part of DONT. FUCKING. DANCE are some of you forgetting?? We havent won yet. We havent even started the full on squeeze yet. Some of you need to remember that this isnt over, and despite how harmless it all seems, they will certainly find a way to push it under harassment, once again, not the attention apes want or need, especially now. + +We have people droning around their offices, sending "gift baskets" with the intent to mock (even playfully) and video/photographing every angle of their buildings. TWO WRONGS DONT MAKE A RIGHT, WE ARE BETTER THAN THIS. They may have mocked us during the crash, but we shouldn't do the same. We need to prove we are better. We need to BE better. + +Sit in your corner, read your DD, keep your eyes on the prize and for GMEs sake, STOP FUCKING DANCING + + +EDIT: This is gaining hella traction, please let me elaborate further. + +Im NOT saying that these posts should be banned, nor should the hype be killed (which sounds shilly to me, look around, theres more hype than ever and its not going away). +What im saying is, GME is against people who dont want to be crossed. People who haven't been crossed, and have never lost everything or anything. They have money, lots of it. Lawyers, lots of them. Good ones. Qualified ones. They CONTROL media. + +Like it or not, to them, we arent the individuals making our own decisions like we know we are. To them we are a collective and we are WE. Please understand that the things you do as an individual do effect ALL APES because thats how it will be portrayed. They didnt say GME was up $30, they said it was down over 50% of peak. +THEY WILL NOT SAY INDIVIDUALS HARASS HEDGEFUNDS. THEY WILL SAY WE HARASSED them. + +there is no we, but thats not their agenda. + + +Stay healthy, stay HYPED AND JACKED, and stay rational. TO THE MOOONN 🚀🚀🚀🚀🚀🚀🦍💎🤲🤲🤲🍌🍌 +I am 18 and i was previously homeless in november, due to personal issues. I was only on the streets for 2 weeks, whilst i applied for an overdraft of 500 and got a job. I am a private candidate student aswell and have to pay for everything myself. I was almost unable to pay for my ucas applications to go to uni in september, until a friend lent me ￡26, so you can understand how bad it was and how that would have ruined my life. If i wasnt studying i was working. This was 8-10 hours depending on my shift and bus times. I was on a 0 hour contract and was released in january. I am with multiple agencies, but non have jobs available. I was even told i would start work again this week tuesday and to call on monday to schedule my training day. When i called they told me all the spots had been filled, even though i spoke to them on the phone on friday and confirmed my position. + +I was relying on this entirely and have to pay rent on friday or i will be kicked out. I get payed around ￡300 from uc on the 11th. I need to pay ￡240 for rent and dont have any of it. Ive just ran out of instant noodles and plan to water fast until im back on my feet, which ive done plently of time safely. Ive been in far worse situations, but i feel like im heading back to where i was at my lowest in Novemeber and it is just traumatic to even contemplate. Im grateful for the experience, but thought i had escaped that life for good. + +My natwest bank closed my account last week for absolutely no reason and i went into the branch and they confiscated my card. If i wanted to get out the ￡43.99 i had left it would take 60 days to process. I have a lloyds account which is where i got the overdraft, so already -500 and cant borrow anymore. I was so desperate and applied for payday loans, but was rejected by them all. Although im now thankful, as after further research, i understand it would have destroyed my credit file for years if not permanently. I need advice on where i would go to borrow this amount of money by friday evening, until im payed next month. Ive been trying to stay calm, but honestly my heart has been beating out of my chest for days. I just want to feel secure again. This whole pandemic has already cost me even more money, due to being out of work. As i will have to pay late fess for my exams, since i dont have the money to enter yet. +As someone on the FIRE path, you can have hundreds of thousands of dollars or a million dollars and still feel perpetually poor. + +That money is for you to reach financial independence and survive on when you're retired, and isn't for you to spend. + +Frugality is a major component of this lifestyle, which I think most of us are fine with, but you feel bad for wanting to buy nice things since it's like robbing yourself. Oh well, that's what we chose to do. + +--- + +Let me give you an example. Your (insert item) broke. Instead of buying a new one, you responsibly found a used, but slightly worse, one off of Craigslist. It works, but you wish you were a normal person and just bought a new one that was as good as the one you had before, or maybe took the opportunity to upgrade. But you don't, because what you have "works" and you want to save that money for FI. + +And you do this for everything no matter how cheap or expensive. It wears on you after a while. The only consolation is seeing your savings go up. +CoinMerge is a Real Company Changing the Way People Trade Tokens While Rewarding 5% ETH and BNB reflections. + +If you haven't heard of CoinMerge LLC yet, it's probably because they have thus been one of the best kept secrets in crypto. They are a legitimate, "Limited Liability Corporation" (LLC) that is registered right in the state of Texas. A very ambitious but not overly flashy Utility token that is on both the ERC and BSC blockchain bringing a revolutionary new platform to Crypto Traders around the world. + +Alt coins all have unique incentives, coin reflections, burns, and the latest fad, ETH and BNB reflections. Well CoinMerge offers both Eth to ERC holders and BNB to BSC holders, many choosing to hold both. + +But CoinMerge LLC is not just a company with a reflection token. These are just the dividends everyone is enjoying while this team works all day everyday on launching their All In One platform to all Crypto Traders. The platform is going to be a single source for everyone to have their favorite chart and data functions and a fully integrated chat room, right on the same tab on their browser. What is more, they will also have a fully functional ERC and BSC swap built into their site as well, making it a one stop shop for new and veteran traders alike. + +What has the smart money investors buying large bags right now is their business plan. Like Dex Tools or other sites, CoinMerge will have sponsored charts, banner ads and other paid advertising available on their site. But CoinMerge LLC only has one currency in mind, and that is their own CMERGE. So other tokens will come to the CoinMerge platform and pay for advertising space, and pay exclusively in CMERGE. CoinMerge LLC then receives that CMERGE and holds it forever, effectively removing those tokens from supply, increasing the Liquidity Pool, increasing the Market Cap, and yes, increasing the token price. And CoinMerge never has any need to sell that CMERGE, because just like regular holders, it is generating BNB and ETH to the LLC to pay for web developers, marketing, staff and other services. + +CoinMerge is a hidden gem right now with a huge roadmap, but they won't be in the shadows for much longer. Always do your own research and check out their site, their WhitePaper, and feel free to talk to any of the many members on their team right in their Telegram and Discord. + +Official Website: https://www.coinmerge.io/ + +FTP to view and claim your Eth: https://app.fairtokenproject.com/ +*Remember to connect your wallet + +BSC Dashboard for Rewards: https://bsc.coinmerge.io/ + +CoinGecko: https://www.coingecko.com/en/coins/coinmerge + +Coin Market Cap: https://coinmarketcap.com/currencies/coinmerge/ + +THIS Discord: https://discord.gg/CoinMerge + +Telegram: https://t.me/CoinMergeMain + +Twitter: https://twitter.com/coinmerge?s=21 + +Facebook: https://www.facebook.com/groups/898383967383962 + +Instagram: https://www.instagram.com/coinmergeofficial/ + +Reddit: https://www.reddit.com/r/CryptoMoonShots/comments/oh23c0/coinmerge_making_telegram_and_dextools_obsolete/?utm_medium=android_app&utm_source=share + +TikTok: https://www.tiktok.com/@coinmerge + +Youtube: https://www.youtube.com/channel/UCSX0TGWLw14Cq1fuoJIA5yw + +Stocktwits: https://stocktwits.com/symbol/CMERGE.X + +Also Important + +Dextools: +https://www.dextools.io/app/uniswap/pair-explorer/0xa2074f8857972ce0049ec8348ac2e75e7a32b821 + +Liquidity Lock: +https://etherscan.io/tx/0x32ab43f959a69dae39f64c77990b8cc512aa175ff3d2cd9972deef3d503d9d23 + +https://etherscan.io/tx/0x8c3ebb4ce92478af0148a7b9890c802a11e07f222eff330b33ff2f99cea7d422 + +Etherscan: + +https://etherscan.io/token/0x1190074795DAD0E61b61270De48e108427f8f817 + + +Multi Lingual Chat rooms (More to come!) + +Chinese: https://t.me/Coinmerge_China +Dutch: https://t.me/coinmergedutch +French: https://t.me/CoinMerge_FR +German: https://t.me/CoinMerge_GER +India: https://t.me/CoinMergeIndia +Japan: https://t.me/Coinmerge_Japan +Romania: https://t.me/joinchat/CfRpyM5aXHc5OWVh +Spanish/Portuguese: https://t.me/coinmerge_spanish_portuguese +Turkish: https://t.me/CoinMerge_Tr +Hi everyone, I'm currently considering quitting my job in tech, I've just lost interest in my role and it's starting to negatively affect my mental health. Despite having a Master's degree in a STEM related discipline, I feel as though I want to try something completely different. + +My question is what kinds of jobs have decent salary potential without requiring a degree related to the job? I'm not looking for a huge salary, something around €40-50k would be fine by me. + +I've been considering trying to get into software, but without a computer science degree or any experience, that's pretty much impossible (and I have a mortgage so I can't afford to take a few months between jobs to do programming courses etc.). + +I'd be more than happy with an office based job, but don't know what type of job I could get without relevant qualifications. I'd really appreciate some advice. +Today marks the beginning of a hopefully successful career in trading full time. I have a plan, a strategy, my management systems are set, my psychological strategy is grounded. I'm ready for it but I am scared beyond belief and I believe that's a good thing. This is my dream, I loved the days when I got off work early and traded. And I'm scared because I don't want to fail at my passion. Beyond the many jobs I've had over the years, trading was consistently my passion throughout it all. Wish me luck guys! + +Edit: ignored y'all because that's how I do but I do have a few things to say: +1. Thank you to everyone for sending their best wishes, I appreciate it dearly. +2. To answer the few people asking about my starting capital. I'm starting with $1k because I truly believe if you can't turn $100 to $1000, you can't turn $1000 to 10k, etc etc. And I've turned 100 into 5k during the testing phase so 1k is to afford premiums and reach my inflection point ~faster~. +3. I've saved up about 2-3 years worth of expenses so I'm good for some time and I can extend it further if I get a part time job paying for the major expenses if I fail to reach my inflection point within 6 months. +4. My strategy is my own so I won't divulge that but what I do plan on doing is try to consistently compound my gains between 2-10% of total port risking less than 5% of total port per trade. It's gonna be a lot of effort but my testing phase determined it was feasible. +5. If y'all want an update later down the line, I'll do one at 6 months or if I fail before 6 months and back to the working class I go. + + +**TLDR: I'm not sure what to make of the GME output in my model, because it's currently testing the extreme limits of my algorithms. This post shows those results, gives a partial look under the hood, and an open forum for anyone that wants to discuss or give feedback. In general though... I'm cautiously psyched....** + +**Read Me...** + +GME is currently testing the extreme limits of my model. I spent last night pouring through my model/assumptions and discussing the output with other amazing GME DD'ers (useless and only know their discord names), OT86, zinko83, denied, campasaurus, greenguy and meeps. This post won't give you definitive conclusions, but an update on what I'm seeing, and a partial look under the hood of my model. + +I've been posting for awhile, but I want to make it clear what information you can (and can't) get from me and my model (mostly indirectly asking.... why are you listening to me again?): + +* I don't know everything. I'm not a professional trader. My full-time job is a mathematician / statistical model builder. + + * I got bored during lockdown and needed a hobby. My husband bought me a crochet kit, and I said... meh... I'll build a trading model instead. +* My model has not been peer reviewed, and it'll stay that way unless I can sell it for $$. As long as I'm offering this output for free, it's staying proprietary, so use at your own risk. +* I have backtested my indicators using various machine learning algorithms, and my side-hustle is exclusively trading options using my model. It does very well. I also often show other tickers/years for comparison in most posts. This is the only proof I can give you. +* I have lots of caveats/limitations at the bottom. Read them. +* [I don't feel like posting my methodology/assumptions in every post (plus hardly anyone ever reads them). If you're interested, they're here.](https://www.reddit.com/r/Superstonk/comments/qfeama/options_market_says_the_price_is_wrong_with_delta/) +* My indicators are based on options data, but this post is not an endorsement to buy options. However, you're an adult and can do whatever you want with your money (buy the stocks, buy options, I don't care), just try to be sensible and don't gamble your rent money.... + + * I'll say that options are an easy way to lose a lot of money if you don't know what you're doing, and it's also an easy way to lose money if you do know what you're doing.... + +**Quick Recap** + +[Last week, I posted that Friday (12/10) had the largest GME delta sensitivity test I'd seen.](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/) TLDR: conditions were primed for significant increases in buying volume specifically from hedging, tune of a \~800% increase in hedgie buying than usual, in a test where the underlying price increased 5%. This wasn't a specific target, just a way of showing higher than normal conditions to get hedgies buying stocks for us. + +Conclusion was, something just needed to give GME a boop last Friday to get a booommmm in price. I think that's exactly what happened when RC tweeted around 3pm EST, which led to an \~8% increase in an hour. + +**Graphs** + +So without further delay, here's the graph in question, with the format you're used to seeing (sensitivity test axis scaled 0% to 18,000% so you can see the full-green spike): + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/aou2s4nfpj581.png?width=1421&format=png&auto=webp&s=2cc61ddde4c34e8ef6ce3542fb509d3a5206c264) + +The primary indicators included in these graph include: + +• **Delta Neutral (DN)** \- This represents the underlying price that would create a total market delta of 0 across all options (all expiration dates) for a given date and ticker. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. + +• **Gamma Maximum (GM)** \- This represents the underlying price that would create the maximum gamma across the market. The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +• **Delta Sensitivity Test** \- This is basically a gamma test, but I like this view better visually with my graphs. This represents the % change in the total market delta associated with a 5% increase in the underlying stock price. Significant spikes represent unusually large hedging patterns based on the options mix, and can indicate the potential for significant buying / selling power on the underlying ticker. + +Here's a log-based 10 view so you can see 2020 as well + +&#x200B; + +[GME 2\/5\/2020 - 12\/13\/2021](https://preview.redd.it/r2kdv7uhpj581.png?width=1421&format=png&auto=webp&s=06cfb484c43d0b073f407890ab4460dbd85468ed) + +&#x200B; + +But here's the master question (Y-axis scaled 0% - 500% so you can see the spikes that used to be considered significant)... + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/3phty5ijpj581.png?width=907&format=png&auto=webp&s=a8b73eceebb9d2126dff08fd7fe285a6cec1e9ef) + +&#x200B; + +Now before I wrote some wild headline that a 5% increase in GME's price would lead to \~16,600% increase in hedgie buying and collect my karma, I had to stop and think... Why is my model showing this, is it reasonable, and what does this all mean? + +Spoiler alert: You will only get the answer to 1 / 3 of these questions. + +***Why is my model showing this....*** + +I'll start off by saying that I actually make two types of Delta Neutral values. The one you're used to seeing is actually a modified version, which cuts out the extreme limits of strikes with deltas of 1/-1/0. This modification is based on discussions with people in the industry, that say it's not normal to continuously hedge those extreme strikes, like they're not continuously hedging those $1 Puts or $900 Calls anytime the price moves 5%. + +Based on a visual review, various machine learning methods to prove statistical significance, and my own money in the options market, I found that this modified version was superior to the unadjusted DN, and that's what I've been using as a standard. + +The graph below shows the same thing as the first graph, but I added in the delta neutral price if all strikes were included (yellow). Delta sensitivity test scale paired down significantly to 0% - 500% so you can see the normal delta spikes for GME. + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/6ktkwm0mpj581.png?width=1421&format=png&auto=webp&s=fe1c90aa7d3f37a4f6ca03ae764353c26a12d5bc) + +&#x200B; + +Log-based 10 view to see 2020 + +&#x200B; + +[GME 2\/5\/2020 - 12\/13\/2021](https://preview.redd.it/qezjohhnpj581.png?width=1421&format=png&auto=webp&s=c21e6003185edc46ff6d1ae6d241f91287ca02b7) + +&#x200B; + +I noticed a few things with this new view: + +* GME worked better with the adjusted DN before July 2021. For example, the price ricocheted nicely off the adjusted DN in March, April and May. +* Then after the June earnings call, the price sunk below the adjusted DN, and eventually bounced off the unadjusted DN in August (accompanied by what I thought was a sizable spike around 100% more potential hedgie buying than usual). +* With the exception of the COVID spring 2020, the two GME DN indicators were generally consistent, with the unadjusted version slightly higher than the adjusted version. This indicated a slightly higher distribution skewed towards the high strikes. +* The indicators started to diverge/converge in cycles after the January spike, with the unadjusted version below the adjusted version (indicating a skew towards the very low strikes). +* The two indicators are very different right now, with the adjusted version holding steady at $192 the past two weeks, and the unadjusted version dipping to $150. +* The sensitivity test spikes are generally highest when the price approaches the unadjusted version. + +Here are a few other graphs for reference that include this new indicator: + +&#x200B; + +https://preview.redd.it/hygb396ppj581.png?width=1421&format=png&auto=webp&s=da173fd64fe98d7e4b65f2330f041f7d3217c794 + +&#x200B; + +https://preview.redd.it/e9qhxm7qpj581.png?width=1421&format=png&auto=webp&s=5cacee60bc332f96872e8a033bfe69e01e4b65ff + +A couple other observations: + +* For these two latest ones, the DN with all strikes is generally consistent with the version that's modified to exclude the extreme strikes. +* The unadjusted version is generally a little higher than the adjusted version +* The adjusted version generally worked better as a lower guardrail, but there are some instances where the unadjusted version seems to work too. + +So here are a couple graphs I whipped up last night to show why GME is diverging so much right now (yes I know... they're not very pretty). First, I'll show graphs for the last two tickers mentioned, which show the distribution of the delta and OI incidence rates by Call / Put delta combination. + +&#x200B; + +https://preview.redd.it/0dv2vcrrpj581.png?width=1423&format=png&auto=webp&s=05cb169169edee95b1ab1f82b6eeb5343090edd9 + +&#x200B; + +https://preview.redd.it/kt6t2nctpj581.png?width=1423&format=png&auto=webp&s=9fff4bd28cf11cbf46729150daa808506cf473cc + +Even more observations! + +* The first ticker has \~12% of its OI and delta distribution at either end of the extreme spectrum +* The second ticker is a little more skewed, but also generally has around 12% of its OI at either end of the spectrum, and 9% to 14% of the delta incidence on the extreme sides. +* Note those extreme are basically what I cut off, and focus on the OI/Delta mix in the middle for my adjusted DN indicators. + +Now here's GME... + +&#x200B; + +https://preview.redd.it/2143whlupj581.png?width=1423&format=png&auto=webp&s=a9492204de9c7e8df72d1e2e5b38c15318685029 + +* Similar to the other tickers, the delta incidence rates at either end of the spectrum is low (4% to 9%), but GME has roughly 35% of its OI at either end of the spectrum, so \~70% total GME OI is located in strikes that hedge funds normally wouldn't actively hedge. + +So how does this all tie back to the ridiculously big green spike? First let's discuss the denominator of the delta sensitivity test: + +* I use the same method for all tickers, so I picked a denominator that would allow me to evaluate opportunities across all optionable stocks. +* I don't use free float, because the volume relative to free float can be very different between stocks +* I wish it was a percentage of 30-day avg volume (or even 5-day), but then that changes so dramatically over time, that any surges can dramatically mute any impact of hedging further down the road. +* So I use the current total market delta as the denominator, because that doesn't normally shift dramatically over time (GME normally has a total market delta that generally stays between \~3M - 4M). However, this DOES create situation where the total market delta gets close to zero, which causes insane spikes when used as a denominator. + +So in my algos, the sensitivity test has the price as the independent variable and tests what happens to each chain's delta if the price increases (or decreases) by 5%. It's basically a gamma test, but I like this view best for helping me identify opportunities for unusual hedging. + +So I think the answer is simple here for why the spike is so high... the total market delta is currently very close to zero with all strikes considered. However, it's a good thing because tickers don't like having a total market delta with all strikes close to zero, or negative.... + +***What does this all mean?*** + +GME is definitely a puzzle box. I generally don't buy into the conclusion that hedgies aren't hedging at all for a few reasons: + +1. GME has generally worked well with my model in the past, indicating hedging still plays a part in the price action. +2. If hedgies didn't hedge, then imagine what would happen during the settlement period? Say 100,000 calls expired ITM, none were hedged and all were exercised (extreme situation for illustrative purposes). That means hedgies would have to buy 10,000,000 stocks through the market within the settlement window, which would skyrocket the price. +3. So much better for hedgies to slowly buy/sell stocks over time so they generally have the right number of stocks on hand before the settlement period. +4. However, there are other methods of hedging besides stock-buying, which will be addressed below. +5. And as shown above, roughly 70% of the GME OI is located in strikes that aren't normally actively hedged because they are too far away from the current price. + +Here are other ideas that came up last night in discussion with OT86, campasaurus, and Zinko83 (I'm not claiming to fully understand these options): + +* "If a market maker has a variance hedge on a stock, they're not actually hedging continuously like they should. They may only start hedging when the price starts going towards extreme situations." +* "I don’t think they’re hedging - like at all. And that’s why the green spikes occur so violently as the price nears the full chain’s DN. Also that’s where we know we can cause then the most discomfort. Right ATM options." +* " usually the RP and the MM are separate portfolio and hedged at different times with different perspectives . you would have a portfolio for the RP and a portfolio for the MM options." +* "I believe it has to do with gamma exposure. Especially for weekly options when the curve goes from a bell curve to a delta function. From my understanding, gamma hedging requires a bit more management, since they have to buy options to cancel out the gamma, then they need to buy shares to cancel out any remaining delta. " + +&#x200B; + +https://preview.redd.it/hw5wac8wpj581.png?width=671&format=png&auto=webp&s=c78db7495fa17648baaf2798572877958b44bd65 + +So basically we are at some crazy unstable point in the price chart … almost like an unstable equilibrium where a slight push can force significant hedging. + +I'm gonna have to stop here, because I have to run to work now, but will try to respond to comments/write more over the day. If things don't go well today... please find a different witch to burn... ya? + +&#x200B; + +[I weigh more than a duck, sir...](https://preview.redd.it/23wroyqxpj581.png?width=400&format=png&auto=webp&s=a24a7cbb7c05b2f067570597b4154d2208e9c508) + +&#x200B; + +**Caveats and Limitations on Use** + +These graphs contain output from my personal model. I am not qualified to provide financial advice, and have no experience trading professionally. This model has not been peer reviewed, so use this output at your own risk. + +This model serves to help Redditors make investment decisions, but still requires Redditors to consider other relevant information, including earnings reports, news, relevant events, momentum and reversion to the mean in the underlying stock. Redditors should think critically about emerging information, and not make decisions solely based on this output. + +In performing this analysis, I relied on raw daily options summaries from historicaloptionsdata.com. I have not audited or verified this data and other information. If the underlying data or information is inaccurate or incomplete, the results of this analysis may likewise be inaccurate or incomplete. + +These graphs are not predictions of the future; they are indicators based on the assumptions. Emerging results should be carefully monitored with assumptions adjusted as appropriate. + +**TLDR: I'm not sure what to make of the GME output in my model, because it's currently testing the extreme limits of my algorithms. This post shows those results, gives a partial look under the hood, and an open forum for anyone that wants to discuss or give feedback. In general though... I'm cautiously psyched....** +Neither of us know much about this stuff. She bought a house during her previous marriage at the height of the market in 2006 for $330k or there abouts. It rapidly decreased in value, so when she moved out, she ended up renting it out for a small loss every month rather than selling and having to cover the gap. Apparently, because she was losing money on the rental, she never took depreciation because there were no gains to offset. She finally sold it last year for around $285k, which is significantly less than she paid for it. Now she is doing her taxes and being told that she owes $18k in cap gains taxes because she technically made $65k on it because of depreciation, even though she never took it. Does this seem right to you? Is there anything she can do to avoid some of these taxes? We both feel way out of our depth here and we do not have $18k lying around. + +EDIT: it turns out that my wife hadn’t deducted the closing costs, so the number is actually quite a bit lower than $18k, but it is still a significant amount. Based on the advice here, we will be hiring a cpa to do this for us and make sure we don’t overpay. I appreciate all the insightful responses! +I hang with you guys, not the YOLO's at r/WSB, but I'm reading tonight and they're all convinced that the crazy run on GME is just starting (they're also high on BB). + +Maybe I'm just feeling a little FOMO, but I have some FU money and thinking about throwing some money at GME and BB next week just for the rush. Anyone else thinking about it? +53, nw now \~$7.5M (down \~$1M this yr). Fire'd in May '21and spent a year diving into hobbies, travel and doing some 1/2 time work for extra cash and benefits. Had an opportunity in July to come back into a ft thing and help a friend with his business. Did it as a) was missing the camaraderie of work (his firm is in the creative space with lots of fun people) and b) wanted to ride out at least part of this downturn with comp and bens...I guess the same thinking that got me to where I am (be opportunistic) led me to this decision. + +Kind of mixed so far. I definitely find myself thinking of the things I would be doing if I wasn't working (e.g. backpacking across Europe) and I really miss my chill daily routine (long walks with dog, lots of learning, naps). The other aspect is that while I knew his business had some issues, There is an intensity to some of the issues (and some personal resistance to fixing them) that I didn't fully anticipate. Net, I find myself kind of looking for some quick wins/outs and not feeling fully committed to being there. + +Curious if anyone else is on this roundtrip kind of journey... +**Market Cap at $500k and 1,500 Real HODLERS.** + +Website: [www.eject.space](http://www.eject.space/) + +Telegram: [https://t.me/EjectElonCommunity](https://t.me/EjectElonCommunity) + +**What Is Eject Elon (EJECT)?** + +EJECT will be the Kickstarter type crowdfunding platform built on the Binance smart chain. On EJECT, retail investors will find up and coming block-chain projects to invest in. + +Instead of private sales, presales, airdrops, audits and marketing being done separately by each individual team on a variety of platforms, EJECT will host each phase of the growth of a Coin. + +$EJECT is the native utility token that will be used for: + +**Developers:** + +* To Create and Launch projects + +**Investors:** + +* To back projects +* To invest in projects +* To trade $EJECT for the project's tokens or get rewarded in EJECT tokens + +**Why Will EJECT be The Next 500x Token?** + +Unlike many new projects, EJECT has a real world use-case RIGHT NOW! If you are a meme-coin/shit-coin investor, you know the drill. When making an investment decision, you have to: + +    1. Find projects that won't rugpull and those that won't be burnt to ashes 3 hours after launch. +    2. Scout the Internet for decent upcoming pre-sales without there being any centralized hub to find them. +    3. Leave a project as soon as you've 5x'd because you know they're mostly just pump and dumps. +    4. Rely on the hype, telegram members, poocoin ads, the relentless Reddit spam to find these projects. + +**Right?** + +And that is why the future EJECT platform ALREADY has a ready market of hundreds, if not thousands of investors/ day traders/ moonshot hopefuls who are looking for a place where reliable information is conveniently available, and where investing is easy and safe! + +**The way things are RIGHT NOW:** + +Under our noses, genuine developers with great projects and a vision go unnoticed because few con-men have learned the art of MARKETING and pulling the rug after launch. + +Imagine a marketplace where the success of a new project is not decided by the marketing that goes into it, but the actual use-case? A place where you can access all the best new crypto projects, learn everything about them, interact through verified channels with the dev team, and invest with great convenience and speed if convinced by the project. + +This also applies to shitcoins or memecoins because, as the community rules, any project that gets backing can see the light. + +Our care is for the best to come to the limelight, irrespective of shenanigans and marketing budgets. We propose to host AMAs on our website, where developers can discuss their ideas with investors, and impose an auditing process for all projects that want to get listed on EJECT. + +**How will EJECT achieve its goal?** + +EJECT will be a centralized platform where potential investors will be able to see the latest pre-audited projects. The EJECT token will be the currency for backing a project through their private sales or presales. EJECT will also manage airdrops and reward customers who stake EJECT tokens and complete shilling tasks. + +With the EJECT token as the currency and a prerequisite for backing projects, there is a REAL world use case for $EJECT, thereby attracting more holders and elevating the price of the EJECT token. + +**When will EJECT Development start?** + +We have started to document the project already. The development of the platform will start in late June 2021 and a beta version will likely be launched in early August 2021. + +The platform will use the same type of safety mechanism that DxSale uses. No one, not even the platform developers, will be able to access the raised funds outside the rules and timelines agreed upon by investors and project leaders. + +Currently, **EJECT has a Market Cap of $500K, with 1,500 REAL HOLDERS.** + +Website: [www.eject.space](http://www.eject.space/) + + +Telegram: [https://t.me/EjectElonCommunity](https://t.me/EjectElonCommunity) + +$StopElon started off like most potential moonshots, with a vision and a out of reach plan. We are becoming so much more however. People from all around the globe are sticking up against the effects of manipulation from Elon Musk and his lies and deceit he used to post a $100m profit on Q1 for Tesla. Billions and billions of USD was lost from investors around the world just so he can barely scrape by with his nonprofitable company. + +If you live in the Bay Area, do not miss out! StopElon team has acquired a Tesla and wrapped it in our new branding. It looks incredible. They will be driving it around Saturday, and the community is hosting a event today, June 6th 12pm at Tesla factories in Fremont, California. Our new merch will be revealed, as people that attend get free shirts, masks, water and more! Also, will be streamed check our telegram for more info. + +Tesla workers deserve a union and fair wages. Elon doesn’t care however, and profits millions off their lack of rights while he also profits off of average investors by manipulating crypto. No one person should have this much power, money, and benefit off of the financial losses and sufferings of the common man, in the way Elon Musk does. + +What no one envisioned however, was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with the rich and powerful not only profiting off of market manipulation, but also; Lack of workers rights, Anti-Union policies, and especially the non stop taking advantage of poorer counties. These people have left the everyday person in their rear view mirror, while they get richer and richer. + +$StopElon is available on Telegram in (18) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. Our community is very active and we have daily voice AMAs with the chat. + +Updates: + +We are completely ready for our meetup in 20 minutes. Going live soon, our fully wrapped Model Y looks incredible in our logo. The team put this together so fast. Flyers all around Berkeley, Oakland, and more. Expecting a good turnout! + + +The team did it. We are officially signed on a contract to be listed on a significant exchange. The devs said we skipped over minor exchanges, our tokenomics will be supported in the form of airdrops, and we with trade under STEL/USDT and STEL/ETH. This is big. + +Daily social media giveaways have started. So do not miss out. Something as simple as just a retweet and a follow can give you many chances to win over the next week! + +StopElon has been completely rebranded with new a logo, telegram stickers, and an whole new website. + +News is completely going crazy again. Elon is in heat with SEC. As shown on CNBC, WSJ, CNN, and more. Also, we are back in the headlines! Firstly, Forbes Mexico/Columbia/Central America. Then News Au, Hlb be, Laptopmag, and Nzherald. As always, fascinating how word wide this movement is. + +When it comes to progress on the actual goal, a core team member, Devacor, has made great progress. After talking to a lot of people regarding legal advise, we are looking to create a voting trust. This voting trust can have shares added to it, and many members have already pledged to add the first shares. Meaning, that we are making our first steps towards Tesla’s HQ. + +We have continued to gain holders, now at 21,990+ and total transactions have now surpassed 63,000 + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet $19M+ Marketcap 21,990+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON_BSC) / Twitter + +📱English Telegram (@StopElon_BSC) + +🌐 Website: www.StopElon.space + +📈Chart: https://charts.bogged.finance/?token=0xD83cec69ED9d8044597A793445C86a5e763b0E3D + +🥞 Buy (v2, slippage 12%, 0,1% max) : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d +Before you read the statistics, completely judge me, and move on. I encourage you to read or check out the daily reports. I know I should be practicing/trying new stuff on paper but that is not the case for me. I do a lot of one share trades to test new features or strategies. A lot of my key statistics are quite skewed in that regard. + +# Key Statistics + +**Accuracy:** 61.86% + +**Long Accuracy:** 62.79% + +**Short Accuracy:** 54.55% + +**Net Profit:** $580.79 + +**Cash Account Balance:** ($9,786.44) - Margin debit + +**Net Worth:** $51,108.95 (Down $2,469.97 from last week - primary cause long positions) + +**Positions:** + +1000 SPCE @ 23.08 + +200 GIK @ 9.13 + +2313 ACTC @ 17.09 + +# Journal Entry + +Well, I am starting to get really excited. This was a large improvement from last week, and last week was a large improvement from the week prior. I really think my strategy is proving to be profitable and the only issue remaining is the trader themselves...yep...me. + +Again, here is [Zalesky's 25-point day-trading margin](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf) which I reference quite frequently. + +I certainly followed rules 1 and 2 this week and stayed disciplined. The market has rewarded me for doing so. A problem I struggled with one day this week was rule #4 (Never turn a winner into a loser). + +Rule #5 (Your biggest loser can't exceed your biggest winner). I learned this lesson really hard on Week 1 and since then I have tried my best to make sure I never break this rule. If you read the paragraph next to the rule it makes a lot of sense why this is such an important rule: + +" If you do allow a loss to exceed your biggest gain then, effectively, what you have when you net out the biggest winner and biggest loss is a net loss on the two trades. Not good." + +Not good indeed. + +Rule number 9 (earn the right to trade bigger) is a rule I have been kind of following but kind of breaking. I say that because I have been trading with really small share sizes due to my first week absolutely crushing me. Week 2 I traded with 1 share and Week 3 I started trading with 10 shares. + +There simply isn't enough leverage being used to have a decent P/L with these trades. Especially when I switch between cheap and expensive stocks. One bad trade on an expensive stock counters like 8-10 trades that were successful on a cheaper stock. + +The point is, while I have been earning the right to trade bigger, I think I already earned the right but I have been too scared to actually move forward with it. This week I certainly took it up a notch and I was rewarded for doing so. I understand that the increased leverage could also mean increased losses. But I think I have been proving that my wins outweigh my losses significantly. + +I think the two rules that drive my strategy are 18 (Make a little bit everyday. Dig your ditches. Don't fill them in) and 19 (Hit singles. Not homeruns). + +My strategy is akin to a swing/scalper. I'm not really sure how to identify the type of trader I'm becoming but I take profits fast like a scalper, but I don't momentum trade. I pick entries like a swing trader, but take profits almost immediately. Typically, I'm in and out on the same candle and if I'm not I really make it past 3 candles (on the 1 minute). + +The final rule #25 (It's the market itself that wields the ultimate scale of justice) couldn't have been written better myself. I certainly have seen that, I mean the market we are in right now is effectively sideways with some volatility and no matter how I trade I am subject to the markets will. + +That too has been giving me confidence. I feel like I'm becoming a better trader every single day and I'm doing it in a market that's no longer hot. It makes me really confident that in the next bull/bear market I could do quite well when there is clear direction. If I could trade in this market, I feel like I could successfully trade in any market. + +All-in-all I am very excited for this week and I hope that I could keep showing WoW improvement. Although, even with me doing trial trades this week I ended up with a decent P/L. + +The three most important statistic for me is win rate, profit factor, and Avg. Win:Loss. Although, win rate gets really skewed because even above 50% without proper risk management you could still lose. So long as I could keep my win rate above 50%, my profit factor above 1, and my avg win:loss above 1, I have a successful strategy. Thus, why this week was so good with a 61.86% accuracy, a profit factor of 6.38, and an avg win:loss of 3.94. That's including all of my trial trades too which make up a large portion of my losing trades. I'm not saying I don't lose trades, I certainly do. But this was a great week. + +I also do not anticipate to have these types of statistics consistently, but man, wouldn't it be great if I did. + +**NOTE:** These statistics do not include mid term swing trades. They are only for my day trades. + +Big thing to notice here is biggest winner and biggest loser. Not only did I make sure to not let my biggest loser exceed my biggest winner, I did my best to make sure the gap was massive. It was indeed. + +[ Total Net Profit \(Use these columns as reference for the other images\) ](https://preview.redd.it/z2c17a1hnww61.png?width=642&format=png&auto=webp&s=12d5e7a841d7751b94f2984168263913c84f9d6f) + +[All Long Short](https://preview.redd.it/xd36kgbjnww61.png?width=641&format=png&auto=webp&s=d07ef89bb2c7fba69804df02e39c65e2397627e5) + +[All Long Short](https://preview.redd.it/q0mrwcxlnww61.png?width=641&format=png&auto=webp&s=9ae44854dd1a9933e06b77b0a7479e306486d1c0) + +[Summary](https://preview.redd.it/rb3p81fonww61.png?width=643&format=png&auto=webp&s=7af0de9894d52abf7e51ae7c10ab088045eb3a75) + +[Equity Line Curve](https://preview.redd.it/oe9u6e5rnww61.png?width=1546&format=png&auto=webp&s=192b41b647644b11903043fc29da7c3987a74b68) + +# Week 2 Summary + +*Note:* I am not promoting my community with these links. These daily updates are a completely different sub that exists only for the purpose of my daily trading journal. + +[Monday](https://www.reddit.com/r/hoomansjourney/comments/mzvv04/w3d1_04262021/) was a great start to the week. Definitely one of those days where I wish I was trading with more than 10 shares. + +[Tuesday](https://www.reddit.com/r/hoomansjourney/comments/n0no0u/w3d2_04272021/) was another amazing day. This was an interesting day. I was using significantly more leverage than I normally do and the reason was I was trying to find a good entry on SPCE. But I kept exiting to find a better one and basically just day traded it all day and had an amazing day. I had around $170k buying power this day and man definitely wish I used more leverage. I had \~4.2% returns this day. + +[Wednesday](https://www.reddit.com/r/hoomansjourney/comments/n1dzhi/w3d3_04282021/)...what a miserable day. I basically just watched my SPCE position go up and down around 10 times without taking any action. Had I actually traded, it would have been another great day. After going the entire day without even really trading I decided to place a few trades in the afternoon, but I was so mad at myself for missing out on so many profits that I was in my head and literally lost every trade I tried to place. Ended up with like a 20% accuracy and only placed 5 trades. + +[Thursday](https://www.reddit.com/r/hoomansjourney/comments/n205eg/w3d4_04292021/) was even more painful. I told myself and everyone else that if the NASDAQ broke ATH I was going to liquidate all of my positions and wait for re-entry. The NASDAQ broke ATH and I...did nothing. Had I sold everything like I said I was going to do I would have made around $1700 this day and would just be trading waiting for re-entries on all of my positions. Instead I diamond handed it like the ape I am and now I'm holding a bunch of red positions AND somehow took a negative P/L on 71% accuracy. This was definitely a learning day for me, but man it was painful. What I really learned today was to trust myself a little bit more. It's sad that it's a lesson I have paid for before and I had to pay for again. + +[Friday](https://www.reddit.com/r/hoomansjourney/comments/n3jvu1/w3d5_04302021/) was kind of neutral. I mean it was another green day, so that makes 4/5 positive days this week. If you go look at these trades...good luck. TradingView ended up having yet another glitch that made me lose money and enough is enough. I will continue using TradingView for my charting software, but I started using TradeStation directly on Friday and boy oh boy there was a lot to learn. So today was an educational day of trading to help me learn my platform better. I think all next week is going to be similar to this day since I will be learning and walking my way around TradeStation. + +Overall, it was a great week of trading. Better than last week which was even better than the week before. I hope that this continued growth goes into next week and I am able to do even better. But we will see what the market is willing to give us! + +# Trades + +[Trades 1-16](https://preview.redd.it/5y0u8xkvnww61.png?width=1444&format=png&auto=webp&s=8ef49f9d56dad11ed2204ea8575fcd53b326afaf) + +[Trades 17-31](https://preview.redd.it/jj5bozeynww61.png?width=1453&format=png&auto=webp&s=a086a2f243198e53b0deb72ec4c129288be87d3a) + +[Trades 32-47](https://preview.redd.it/ttd1f6f1oww61.png?width=1450&format=png&auto=webp&s=622bfe75fb21f88d453d2e5546cf828845abb884) + +[Trades 48-63](https://preview.redd.it/k3j0day4oww61.png?width=1447&format=png&auto=webp&s=ff81275f8019c6d7f1009dedbed4685af6b81018) + +[Trades 64-79](https://preview.redd.it/u0aa6c28oww61.png?width=1463&format=png&auto=webp&s=e0a624af8da42445dc7e802645f15cd33bde75ed) + +[Trades 80-97](https://preview.redd.it/g2yufmedoww61.png?width=1453&format=png&auto=webp&s=c8ad05a04782b44f2fa21a8dc604b12b18e584c1) + +**TL;DR:** I don't really know how to put a TLDR because the data is important. Essentially, this week was really good. It was better than last week and last week was better than the week prior. So far, I am seeing WoW improvement and becoming more and more pleased with my strategy. I am very excited for next week now that I feel it's ok for me to use a bit more leverage. So I think I'm going to start with 100 shares and if I'm feeling good I might go straight to 500. I talk in terms of shares but typically the stocks I'm trading are $10-20, so really I am looking at using a max of around $10k this coming week. + +*Disclaimer: I am not a financial advisor. I'm not even a smart investor. I'm a risky trader. Be very weary about mirror trading or assuming I am some sort of expert. I know what I know, and I am honest about what I don't know. You will get honesty and transparency from me and I feel you will learn from my successes or failures. I am hoping to learn something from all of you as well.* +>The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is buying, the central bank announced Monday. + + + +https://www.cnbc.com/2020/06/15/the-fed-says-it-is-going-to-start-buying-individual-corporate-bonds.html + +----- + +What do you guys think the long term effect of this will be? It's crazy how much money is being printed and funneled into the market. I wonder if there is going to be serious inflation that is going to hit. +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! + +From what i've figured £30k-£35k is kinda the minimum for a reasonable quality of life? Like even if you're flatsharing it seems like you'll be spending around £600-£700pcm for a decent place? +We’ve all see the headlines about SHIB and others, *$1000 a year ago would be millions today,* but at the point when you would have needed to invest to have those gains today — they weren’t different than most of the hype coins that landed people in the red. + +Shib took off yes, don’t misunderstand me — I’m perfectly happy with that. But the gamble those holders took **then** is way underestimated **today** now that everyone knows of it. + +The dozens of other coins that fucked people hard — don’t make for as good of a one year equation. I took the liberty of going through the **most popular** moonshots posts from a year ago.. to bring you some examples: + +- BEYOND PROTOCOL - “bigger than Bitcoin and ETH combined” is the slogan and it was the most popular post in the last year, $1000 a year ago would be worth $647 today + +- BabyKrypto - only 47 days old but if you bought $1000 worth when they started advertising it on Moonshots, you’d have $125 today + +- $1000 in SHIBAFEVER would have gotten you 77 million coins just a week ago, worth $153 today + +After this we started getting into rebase tokens where the “price” doesn’t move they just “adjust” the tokens that you hold, but you can’t sell either so I’d say $1000 into those burned up pretty quickly. + +- There’s also Floki Jr, Floki New York, Micro Shiba and Chopper Inu, Catch Doge, Doge back, and Robo Doge that I can’t even find accurate information on.. but I’m guessing those didn’t make many crypto millionaires. + +Anyway, I’m seeing a lot of posts asking how to jump on a newly listed coin first and where to find them, and I just wanted to say .. I don’t even think those that have held SHIB for a year give themselves enough credit for how big a leap they took. This style of investing breeds a lot more losers than winners, and winners rarely stop there and cash out — they’re on the hunt for the next opportunity to lose money. + +**Do whatever makes you happy — but I think we need to see more of the whole picture** +A colleague just started trading. I recommended a strong stock I’ve done good DD on but cautioned it will take awhile to see any gains. + +A few weeks later it increased 20% on some good news and then dropped 5% for net 15%. He’s texting me days later “wtf poison_ivey this stock blows, when is it going to take off??” + +With all the recent hype some people are looking for X00% overnight and expect massive gains with no effort. It’s also really hard to sell when something you own is on a crazy run and FOMO creeps in. + +The key success here is don’t get greedy. Take your profits and protect your capital core. Every stock is different and nothing is ever a sure bet. Lululemon used to be a really strong buy but took a huge dip a few years back because of allegations against the founder + +My average annual return is 20%. It’s not as sexy as making infinite gains on shorts but it means I will retire a lot sooner than I thought I ever could. If one of my tickers hits bigger than I thought I reassess value and often I take my book value and use the gravy to ride that train the rest of the way + +If you could afford to invest $1k per year you could retire w over a million, and way more if you can increase your annual investment more each year. + +Compound interest at a rate of return of 20% after +20 years = $275k ($20k invested @ $1k per year. +25 years = $775k ($25k invested @$1k per year). +30 years = $1.3M ($30k invested @$1k per year). + +After 30 years you could retire and earn an annual income of $78k with a passive 6% interest without eroding that core $1.3M. + +Start small and be patient. Decide what percentage of your capital you are willing to go YOLO on and what amount you need to protect to avoid that “holy crap what have I done I’ve lost everything and I’m going to vomit” feeling. + +Edit: I’ve been investing 7 years. So as many have commented that isn’t long enough to have seen a huge dip and I agree. I don’t want to mislead. + +The point of this post was not to say 20% forever is easy or hard or that everyone should expect that. The point is to protect your capital and take small risks to learn and build. + +Figure out how much pre-tax $$ you need to live every year and divide that by 5%. That’s what you need to retire. + +Also thank you to all the great comments and awards! Sweet dreams xo +I've been a member of this sub since we were at 400k subscribers + +I'm known for never getting the fuck off this sub and collecting tax payer money as I do it. Seriously you'll see me here 24 fucking 7 even when I'm "working" + +I'm going to give you the quick rundown on Wallstreetbets culture for you newcomers to get acclimated or if you're a CNBC boomer not knowing what the fuck is going on in this sub. + +# First of all lets go over lingo/slang: + +**FD** (stands for "f" word (no not fuck the other F word) delight) + +\-*To buy an FD is to buy a weekly option that is so fucking retarded it might just work* + +**Retard** + +\-*It means your fucking stupid and don't know what the fuck you're doing* + +**Autistic** + +\-*Use autistic to describe someone that actually does due diligence and knows what they are doing* + +**First one is free** + +\-*A phenomena where you are so retarded and don't know what the fuck your doing you somehow make money on your first trade* + +**Ban** + +\-*When you say or ask something so fucking retarded someone has requested a mod to ban you* + +**Diamond Hands** 💎✋ + +\-*It means you never sell. Your hands are literally made of diamonds* + +**Toilet Paper Hands 🧻✋** + +\-*You sell at the slightest red tick because you're overleveraged and are a pussy.* + +**In Scrambles** + +\-*when somebody has made a poor decision and is regretting it* + +**Europoors** + +\-*When the European stock markets open up and they start selling because they lack economic stimulus.* + +**Ameririch** + +\-*When US stock markets open and they buy up what Europoors sold* + +**YOLO** + +\-*$400 into GME weeklies is not a YOLO you dumb fuck. A YOLO should be atleast 4 digits and represent 98-100% of your account* + +**$ROPE** + +\-*what you buy when you make a poor decision* + +**Smooth Brain** + +\-*apparently the grooves in your brain determines your intelligence. To have a smooth brain means to have no grooves which means you're fucking retarded.* + +**FOMO (fear of missing out)** + +\-*when everybody getting paid and you feel left out.* + +**Guh** + +\-*when you account goes from $4000 to $0 in 30 seconds* + +**DD** (Due Diligence) + +\-*It means doing your homework on a specific stock or the overall market* + +**BTFD** (Buy the Fucking Dip) + +\-*Something Warren Buffet said* + +**Plunge Protection Team (PPT)** + +\-*When the money printer gets turned on and prevents a drill from drilling further* + +**Tendies** + +\-*money* + +**Mooning 🚀🚀🚀** + +\-*Either means a stock went up 0.05% or 600%* + +**Drilling / Drill team 6** + +\-*Either means a stock went down -0.05% or -50%* + +**Pleas fly again** + +\-*what you say when your stock takes a shit* + +**"We like the stock"** + +\-*Recent meme popularized by Jim Cramer in regards to Gamestop when he tried to imitate Wallstreetbets users* + +**Jerome Powell / Daddy** + +\-*The chairman of the Federal Reserve. Blessed us with 0% interest rates causing stocks to only go up. Literally prints money.* + +**SEC (Securities exchange commission)** + +\-*Stock market police* + +**Black Swan** + +\-*when your chillin and some shit pops off that makes the stock market moon or drill* + +**Deepfuckingvalue** + +\-*Autist who held GME for nearly 2 years* + +**Mods are gay** + +\-*self explanatory* + +**Buy High Sell low** + +*-what you do as a newcomer.* + +&#x200B; + +No you don't need to report users who call you retarded. + +No you don't need to report users that say they fucked your wife while her boyfriend watches + +No you don't need to report users for saying you probably do blowjobs behind the wendys. + +If somebody says "nobody tell him" they are not being a dick you are just so fucking retarded because your question is probably basic shit you should know before investing. + +# Gang Life + +On your adventure throughout Wallstreetbets you'll notice some retards representing different types of "gangs" heres a quick guide to what they stand for. + +**Bear Gang / Gay bears / Virgin traders 🌈🐻** + +\-*These guys get hard when stocks go down* + +*Note: "gay bear" in NOT an alternative to calling someone "retard". Being called gay bear is 100x worse, true story.* + +**Bull Gang / Big Dongus Crew 🐂** + +\-*These guys get hard when stocks go up* + +**Kang Gang 🦘** + +\-*These guys get hard when stocks go way up and then way down* + +**Theta Gang θ** + +\-*These guys get hard when stocks go sideways* + +**Cash gang 💵** + +\-*These guys get hard watching other people get hard* + +**Late-night gang** + +\-*Any retard on wallstreetbets between the hours of 1am pst / 4am est - 4am pst / 7am est* + +**West coast gang** + +\-*Usually a chad who lives in California or Washington. Heavy presence between 12am pst and 4am pst* + +**East coast gang** + +\-*Losers that have to wake up at 4 in the morning to look at the pre-market* + +**Pajama Traders** + +\-*Usually references people who trade futures or those that trade premarket* + +**Silver Surfers 🏄** + +\-*People that invest in silver commodity* + +**Steel Gang** + +\-*People that invest in Vale, X or other stocks that go up when steel is in demand* + +**Corn Gang**🌽 + +\-*People that invest in corn* + +**Gourd Gang** + +\-[*People that invest in Gourd*](https://www.reddit.com/r/wallstreetbets/comments/kzoh1c/i_am_financially_ruined_agricultural_futures/) + +**Tanker Gang**🛢️ + +\-*People that invest in tankers. rip.* + +# Surviving as a newcomer + +Don't ask retarded questions that are basic such as: + +* "What is an option?" +* "Should I buy X stock?" +* "Is it too late?" +* "What is IV?" +* "Why can't I trade" and the market is fucking closed +* "What are futures?" + +All this basic shit will piss off some degenerates because if you don't know any of this there is really no reason for you to be throwing 10k at weeklies you'll lose 99% of the time. + +&#x200B; + +Not only is it against the rules but nobody gives a fuck about your political thoughts. The only thing we care about on this sub is fucking gay bears and losing money. With this much people in a sub there is bound to be political commentary and I'd advise you to take it to a different sub. + +&#x200B; + +**TL;DR: This sub was created to lose money. Nothing here is financial advice.** + +**-edit: some letter may be missing on mobile, shits fucked yo.** +With all the people working from home and trying their luck in the market, now it feels like the valuation is way past the actual value of the companies by looking at the ground realities, so when this'll end, some traders would be holding the biggest shitpile ever seen and it's coming soon, so when do you guys think we'll see the day of reckoning? +I’ve read most of the usual recommendations but a lot are theory/ not really specific. + +What’s the most practical value investing book you’ve read? + +Would something like Benjamin Grahams interpretation of financial statements be worthwhile? +Hi, + +TSM by all metrics seem to be growing, have good prospects, have gargantuan amounts of free cash flow and be trading at approx 50-60% FVE. + +It seems like a no-brainer. However, I am cautious by nature and need some help in figuring out if there is something I am missing? + +&#x200B; + +Thank you +I'm just putting this out there for folks who are struggling this winter. You can go to a mall or shopping center and just walk down the line, dropping applications. Also UPS, FedEx, Amazon, etc. are staffing up for the increased business during the holidays. + +It's a great time of year to pick up hours and make some extra cash. +My portfolio has wiped out all gains from 2021 and is now in red. Essentially wiping out everything. I don’t want to sell and take the loss but also don’t see the end of this tunnel. How do you deal with this? +I have to call bullshit on a moderator post warning people against medical tourism. I had great dental care in Mexico for a third of what it would cost here. Lots of people I know have as well. They also did not try to upsell me on unnecessary treatments that would have compromised the health of my teeth. I was told I needed SIX root canals in the US by an arrogant ass who said people who went to mexico were idiots. A 3D xray in mexico and proper evaluation led to NO root canals and no crowns. I had a great experience and my teeth are great now. Do your homework when traveling for dental or medical help, we have the internet now. (Also, Tijuana has killer gourmet mexican restaurants for the price of chipotle.) + +American dentists and doctors will always fill you with horror stories because it's their competition, but you can get really shitty, incompetent work in the US. Our health "care" system is completely extortionist, don't be their pawn. In fact, medical care is the third leading cause of death in the US now, and that's for people who can even get in -- many don't even bother with getting care anymore because of how inaccessible it is. I don't, my deductible is crippling. I have mentally prepared that an acute injury or illness is likely going to be my death unless I can get to some place like mexico or thailand. + +EDIT: Because a lot of people are asking, I went to American Biodental in Tijuana. I’m not saying they are the best but they were great for me. If you go to Tijuana check out Airbnb’s near the stadium, less than a mile from American Biodental. Uber is cheap and plentiful there. + +EDIT 2: There are some good resources on this thread, thanks to everyone who contributed. Researching medical/dental tourism is a daunting task and first-hand reports are very helpful. +Screenshot here. Almost no other posts have many awards like this. + +[https://i.imgur.com/QiHJHDx.png](https://i.imgur.com/QiHJHDx.png) + +This "someone" thinks it's worth spending money to grab redditors' attention. Hmm, I wonder why they would casually throw away their money. Unless this would benefit themselves somehow. Hmmm. +im a autistic 15 year old who gets disability payments and my parents let me use the money to get a sense of finance and planning and budgeting. what should i do with this money ? mostly i just buy stuff in my interests but i also wanna be smart with it +We've received a lot of attention as a community lately and it's been for better or for worse. Hundreds of thousands have joined in and rallied alongside us while others have scolded us for being reckless and harmful and stating that we should be investigated or sued. + +Either way, I think it's fair to say that this has been a once in a lifetime scenario and a lot of us have come upon some money that we didn't expect to have. + +In the spirit of being the smooth brains we are, we still have a lot of work to 💎🤲 until Melvin's wife's boyfriend can't buy the prada bag he wants. But, once the shorts fully cover and the tendies are secured I think it's only right for us to give back a little because we know how good it feels when the tendies are spread around. + +So, I propose that, when the dust settles, the mods set up a way for us to all donate money as a group to some charities or efforts of our choice (maybe we can vote and split funds by percentage). Together we can show that we're not the greedy fucks that we're taking this money from and can raise a lot of money for great causes and I think that's a pretty good way to start off 2021. + +🚀🚀🚀 +LunaDoge is a fork of MoonRat and SafeMoon. Both projects have been audited by CertiK, assuring users that there is no backdoor in the code for the team to scam its investors. $LOGE is currently in it’s infancy and is only available on PancakeSwap🥞. + +&#x200B; + +Website: + +[https://lunadoge.finance/](https://lunadoge.finance/) + +&#x200B; + +Why does this token have Moon potential? + +&#x200B; + +✅ Buyback and Token Burn + +· Recent DAO proposal approved by holders + +· 50% of liquidity pool will be unlocked May 28th + +· Half of this will be locked again for 3 months + +· Half of this will be used to BUY BACK LOGE tokens + +&#x200B; + +✅ Hold and Earn + +· Every transaction incurs a 10% fee: + +· 5% distributed to hodlers + +· 5% permanently added to LP (currently $350k) + +&#x200B; + +✅ Liquidity Locked + +· Team tokens (24% of total supply) locked using third party provider DXSALE + +· 15% for 6 months, 5% for 3 months; 4.7% for 14 days which will be re-locked again + +&#x200B; + +✅ Bi-weekly Token Burn + +· Every second week the team will burn 1% of total $LOGE supply from their own tokens · This coincides with team token re-locks. + +&#x200B; + +✅ DAO Voting + + · Project is community driven + +· Proposals made by and voted on by holders + +&#x200B; + +✅ What’s in the Pipeline? + +· CMC listing + +· Cross-chain integration + +· Token farming + +· Partnership rollout + +· Community growth + +&#x200B; + +&#x200B; + +Take the plunge and join the LunaDoge community today! Or wait until after the buyback and burn and finally have an anxiety free investment where you only need to worry about marketing execution and helping in building the brand. + +&#x200B; + +I’ll see you on the moon good sirs! 🚀🚀🚀 + +&#x200B; + +—————————-Additional Info———————————— + +&#x200B; + +📱Contract: 0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +&#x200B; + +📈Poo Chart:: poocoin.app/tokens/0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +&#x200B; + +🥞PancakeSwap: (11-13% slippage might be necessary) [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753) + +&#x200B; + +🔓LP locked: [https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f](https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f) + +&#x200B; + +🔓Team tokens locked - [https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677](https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677) + +&#x200B; + +🔓Ownership renounced: [https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e](https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e) +LunaDoge is a fork of MoonRat and SafeMoon. Both projects have been audited by CertiK, assuring users that there is no backdoor in the code for the team to scam its investors. $LOGE is currently in it’s infancy and is only available on PancakeSwap🥞. + +&#x200B; + +Website: + +[https://lunadoge.finance/](https://lunadoge.finance/) + +&#x200B; + +Why does this token have Moon potential? + +&#x200B; + +✅ Buyback and Token Burn + +· Recent DAO proposal approved by holders + +· 50% of liquidity pool will be unlocked May 28th + +· Half of this will be locked again for 3 months + +· Half of this will be used to BUY BACK LOGE tokens + +&#x200B; + +✅ Hold and Earn + +· Every transaction incurs a 10% fee: + +· 5% distributed to hodlers + +· 5% permanently added to LP (currently $350k) + +&#x200B; + +✅ Liquidity Locked + +· Team tokens (24% of total supply) locked using third party provider DXSALE + +· 15% for 6 months, 5% for 3 months; 4.7% for 14 days which will be re-locked again + +&#x200B; + +✅ Bi-weekly Token Burn + +· Every second week the team will burn 1% of total $LOGE supply from their own tokens · This coincides with team token re-locks. + +&#x200B; + +✅ DAO Voting + + · Project is community driven + +· Proposals made by and voted on by holders + +&#x200B; + +✅ What’s in the Pipeline? + +· CMC listing + +· Cross-chain integration + +· Token farming + +· Partnership rollout + +· Community growth + +&#x200B; + +&#x200B; + +Take the plunge and join the LunaDoge community today! Or wait until after the buyback and burn and finally have an anxiety free investment where you only need to worry about marketing execution and helping in building the brand. + +&#x200B; + +I’ll see you on the moon good sirs! 🚀🚀🚀 + +&#x200B; + +—————————-Additional Info———————————— + +&#x200B; + +📱Contract: 0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +&#x200B; + +📈Poo Chart:: poocoin.app/tokens/0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +&#x200B; + +🥞PancakeSwap: (11-13% slippage might be necessary) [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753) + +&#x200B; + +🔓LP locked: [https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f](https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f) + +&#x200B; + +🔓Team tokens locked - [https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677](https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677) + +&#x200B; + +🔓Ownership renounced: [https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e](https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e) +Hey guys, + +Just thinking out loud here. I would appreciate your feedback and experience on an approach like this: + +**Play 1:** I play 'long the market' with high vol. stocks - covered calls / CSPs / split-strangles, etc. and take $X as premium. Let's say that I book it at 0.6\*$X = Y (Profits) on a monthly basis --> 0.6 here is based on the odds in my favour (long term). + +**Play 2:** I take 20% of Y (which is 0.12\*$X) on a timely basis and buy Puts - I target a specific sector or a segment of sectors that is/are likely to suffer **A LOT** if the market were to dip by, let's say >30%. + +**Scenario 1 (most of the time):** Nothing happens, market keeps moving sideways or upwards. I gain 0.48\*$X on a regular basis (monthly). + +**Scenario 2 (Black Swan):** The market tanks >30%, and I **lose** let's say 10\*$X on my Play 1. But can I design a Play 2 such that I make something like 100\*$X on my Play 2? + +**Scenario 3 (Burn):** The market tanks between 5% and 20%, and I **lose** let's say 5\*$X on my Play 1. Can I design a Play 2 such that I make something like 10\*$X (or at least 5\*$X to break-even) on the play? + +Does any of you have practical experience with a strategy like this? The trouble is to dynamically hedge a setup like this. +Hello Mods, + +As a long time member of this subreddit, I've come to appreciate the research, articles and discussion that have gone on over the years here. But recently I've noticed the dialogue moving from economically driven ideas to political ideologies. + +Now I'm not against the discussion of politics, especially in /r/politics. However, the tweaks to real article titles, and the obvious oversimplification of blaming a political party for all of the issues in the economy are, in my humble opinion, a clear departure from the spirit of the subreddit. + +I understand that as a mod any action you take will leave at least one person unhappy. So thank you for all you lot already do. + +My ask is just that if you see posts with clearly misleading titles or obviously politically charged statements looking to push political agendas over economic analysis and discussion, that you take swift action against them. + +Regards and thank you, +A long time /r/Economics Calculator +I’m 23 years old, had a credit card since I was able to open an account with Discover at the age of 18. For 5 years I’ve never paid an annual fee, never paid any other type of fee, and never paid a single cent of interest. In other words, I’ve only ever made money (cash back) off of my credit card (which, after paying off student loan and car debt a couple years ago, became credit cardS for the different rewards- I now only use credit cards for all of my expenses). My credit score is decently high for only having 5 years total credit history, and a lower average credit history. + +I have several friends/coworkers who think I’m insane for never using a debit card and only “racking up” credit card balances because they seem to associate credit cards with negative consequences. However, I keep my balances at less than 10% of my total credit limit, I don’t pay any fees or interest, and my rewards are being earned on everyday purchases I would be making anyway, from 1.5% on everything to 3% on groceries to 5% on rotating categories. + +Am I crazy here? It seems as though Discover, Amex, VISA would all really like it if I would pay just the minimum every once in a while and pay 15% interest on the balance. But I obviously never do, the only money they make off of me is the fee they charge to the vendor. From my perspective, it’s only people who don’t understand the benefits of credit or the consequences of not paying in full every month that are losing out on rewards or racking up debt. + Not an economist, obviously, but I like to know how things work. We have inflation = rising costs. To fight inflation, I always hear that we raise interest rates. Higher interest rates -> more expensive borrowing -> less borrowing -> less consumption -> less demand ->lower prices. Seems reasonable. If less demand -> lower prices, and that's what we want, 1) would higher taxes/ fees accomplish the same thing by choking demand? Does loan forgiveness or a moratorium on having to pay a loan decouple the feedback? The politics of it aren't the question, but 2) if we are worried about inflation, doesn't debt forgiveness (like student loans) work toward more inflation? Am I thinking about things on the wrong scale? +More and more FUD posts are gaining traction, suggesting MOASS is months and years away. + +The world is in complete and utter chaos, China is on the verge of collapse, hedgies are more fuk than ever, spy ATH, bcoin ATH, loopring (gme?) Announcement due in Q4, MSM actually starting to realise, fuck ton of options expire next week (correct me if I'm wrong) ... add to the list. + +Truth is, no one knows when the muthafuka is gonna blow, but let's get back to hypin' every mother fuckin day. LFGGG. + +Remarkably tickets to the moon are still only $183. + +You know the rest, BUY, HODl and DRS. + +Obligatory 🚀🚀🚀 +The Collectible team is quite proud to announce that our coin will be officially launching tonight at 21:00 UTC. + +This has been quite a remarkable journey and we are extremely grateful for our team and our community. + +Our team is building the World’s first asset based NFT Platform. + +Collectible is the exclusive NFT + Physical Item online platform out there. It’s one of a kind. Just like its items. + +With different unannounced drops happening every week ranging from sport memorabilia to long century old art brought back to life through our NFT creating process making it relevant again. + +Native Collectible Token (COLLT) 👌 + +Improve your platform experience and expand the possibilities by owning Collectible token. + +• ✅Access to exclusive sales & auctions. + +• ✅ Bidding on all sales & auctions. + +• ✅ Boost listings and create more exposure. + +• ✅ Discounts on platform commission. + +• ✅ Increased royalties on sold Non Fungible Tokens + +👀 Collectible Token (COLLT): 👀 + +🛎 PancakeSwap launch date: TONIGHT! Monday, May 17th 21:00 UTC/5:00 PM EST + +Join for more info: + +🔥🔥Join our Telegram group for more information 🔥🔥 + +Important links: + +Website (http://www.collectible.global/) + +Telegram (https://t.me/collectibleofficial) + +Reddit (https://www.reddit.com/r/collectibleofficial/) +Last week, the LSE welcomed MGC Pharmaceuticals (MXC) to the market. Today, we see Kanabo (KNB). Soon we will see Cellular Goods after their IPO is due to go though by this Friday (along with the commotion that they have David Beckham as a backer) + +Both MXC and KNB, whilst having moderate offerings (<25p per share) are certainly first to the market. If we even see a fraction of the interest and growth the US market has seen (UK legislation aside) it could be a very interesting time for retailers looking to invest in the UK Cannaboid market. + +Did anybody jump onto KNB this morning, or planning to do so? What are your long term thoughts on cannabis legislation in the UK and how it could effect the stock market. +I was long at the beginning of the day and held throughout. From the dizzying highs to soul-crushing lows. I even bought a bit more at the midpoint prices of today. From my observations, this is how the institutions conspired to crush the longs in order to give the shorts breathing room to cover. + +1. The beginning of the day was intentional. They let fomo run GME all the way into the sky with almost no resistance whatsoever. + +2. However, at around 10-10:30 AM EST, something odd happened. The brokers suddenly jacked up their margin requirements for GME. My portfolio previously had a lot of buying power, which suddenly disappeared. + +3. We were intentionally allowed to break 150 (which is the highest option strike available) in order to make everyone fomo even harder. Then, the dump came, and it was vicious. At the same time, CNBC started an hour-long segment bashing GME nonstop. Only Cramer provided a bit of token resistance. Every other analyst was calling this move unwarranted and warning that tons of people will be bagholding. + +4. As a result, everyone who chased in on margin got fucked. Even my sizeable portfolio was margin called. Fortunately, while I'm retarded, I'm not the most retarded and was not all in GME and was using only a little margin. I was able to cover easily. The unfortunate morons who fomo'd in on margin above today's open were not so lucky. I imagine a lot of retards got liquidated on the way down. + +5. The cascading effect let us fill the gap completely and even a little past. However, the important point is that we closed above Friday's close at +18% for the day. I see this as very bullish. So keep holding and don't fucking sell into the fear the other side tried to create. Going forward, stop buying GME on heavy margin. Use cash accounts if possible. Don't let yourself be set up as a domino piece for the shorts to knock over into everyone else. + +**TLDR: MMers, brokers, and shorts conspired to screw us. They let us run price up, then jacked up margin requirements, and finally dumped. Despite that, we defended Friday's close quite well so DON'T FUCKING SELL.** +I’m holding to see how high this fucker flies and that’s all I’m doing. Not gonna turn on someone (who has been nothing but helpful and gifting us his time) just because we don’t see eye to eye on this particular situation. Get fucked +After [today's vote](https://i.redd.it/ud1ada6jy1e81.jpg) it seems relevant to discuss why this no troll exists in the SEC, she's paid to be there by the Mercatus Center, she helped write Dodd-Frank and now attacks it for how much it sucks, but also defends wanting no changes to it, and the law firm represents the shit banks in really sketchy situations, they also [are lobbyists.](https://imgur.com/FXhwLNT.jpg) and have [direct financial ties to Citadel](https://imgur.com/XBiRg0G.jpg) (that's a retainer fee from 2004, it went on for more years) + +&nbsp; + +> Peirce started her career as a clerk for Judge Roger Andewelt on the Court of Federal Claims from 1997–1998. Afterwards, she was an associate at Washington, D.C. law firm [Wilmer, Cutler & Pickering (today WilmerHale) between 1998 and 2000.](https://en.wikipedia.org/wiki/Hester_Peirce) In 2000, Peirce served at the Securities and Exchange Commission, first as a staff attorney in the Division of Investment Management from 2000 to 2004 and then as counsel to Commissioner Paul S. Atkins from 2004 to 2008. + +> Afterwards, Peirce worked as part of Senator Richard Shelby's staff on the Senate Committee on Banking, Housing, and Urban Affairs. In that position, [Peirce's work mostly centered on the financial regulatory reform in the aftermath of the financial crisis of 2008 and the oversight of the regulatory implementation of the Dodd–Frank Act.](https://www.reuters.com/article/us-usa-trump-sec-idUSKBN1972K7) + +&nbsp; + +> [In that position, she oversaw financial regulatory reform efforts following the 2008 financial crisis and conducted oversight of the regulatory implementation of the Dodd-Frank Act](https://cle.cobar.org/cvweb/cgi-bin/memberdll.dll/info?WRP=facultyBio.htm&customercd=529136) + +&nbsp; + +She attacks Dodd-Frank now + +> HESTER PEIRCE + +> Testimony Before the Oversight and Investigations Subcommittee of the Committee on Financial Services of the US House of Representatives + +> May 13, 2015 + +> Chairman Duffy, Ranking Member Green, and members of the Subcommittee: thank you for the opportunity to appear before you today. The financial crisis of 2007 to 2009 shook this country deeply. It upended the lives of Americans, many of whom found themselves without jobs and homes. As the crisis unfolded, the desire to do something in response was thick in the air in Washington, DC. + +> The general sentiment in favor of action was not matched with specifics about what the problems were and how they could best be solved. People were angry and scared and understandably wanted to do what was necessary to prevent a similar crisis from happening again. [The hastily crafted response—the Dodd-Frank Wall Street Reform and Consumer Protection Act does not make another crisis less likely. To the contrary, it sets the stage for another, worse crisis in the future.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +> The flaws of Dodd-Frank are not surprising; the drafters were working quickly under difficult circumstances without full information. Rather than relying on its own investigative powers, Congress delegated much of the legwork for determining what had gone wrong to the Financial Crisis Inquiry Commission. + +> That commission produced its report six months after Dodd-Frank became law. [Commission member Peter Wallison points out in his dissent to that report that “the Commission’s investigation was limited to validating the standard narrative about the financial crisis—that it was caused by deregulation or lack of regulation, weak risk management, predatory lending, unregulated derivatives and greed on Wall Street.” That popular but inaccurate narrative undergirds Dodd-Frank and continues to misinform debates about whether Dodd-Frank is working.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +Says the above, defending wall street + + +> In addition to its new responsibility for systemically important nonbanks, Dodd-Frank otherwise expands the role of the Federal Reserve Board. [It has supervisory authority over, among others, a large array of bank holding companies, savings and loan holding companies, and insurance companies. FSOC is looking closely at the asset management industry, so the Board’s supervisory mandate could expand further.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +> A consequence of the Federal Reserve Board’s broad authority over a wide range of institutions is homogenization across the financial industry. Although the Board likely will make some adjustments to accommodate industry differences, similar liquidity, capital, and risk management requirements could lead firms to hold similar assets. + +> This homogenization could increase the likelihood that a problem at one firm would spread to other firms. Stress testing and resolution plans may further enforce a system-wide uniformity, which could prove harmful, particu�larly in a time of market stress. + +&nbsp; + +Now I want to remind you why [the other commissioner's (Elad) law firm is mad about Dodd-Frank reform- they are protecting these people from reporting what they are doing, they put it in place initially](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf) + +> Many such entities enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + +&nbsp; + +She's fully ~~paid~~ sponsored by Mercatus Center + +> [SEC nominee Hester Peirce received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda.](https://theintercept.com/2015/11/12/nominee-to-oversee-wall-street-works-at-think-tank-dedicated-to-blocking-regulation/) + +> her formal title — senior research fellow and director of the Financial Markets Working Group at the Mercatus Center at George Mason University — which sounds a lot like an academic post. + +> But Peirce, new disclosures show, received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda. The Center’s so-called research reflects the lobbying priorities of its corporate funders — chief among them, Koch Industries. + +> The Mercatus Center has been described by the Wall Street Journal “as a coordinating center for lobbyists trying to block a flurry of regulations.” Congressional records show the think tank routinely cited in over a dozen hearings over the last two years by lawmakers seeking to roll back regulations on business interests. + +&nbsp; + +> [At a recent event hosted by the Bipartisan Policy Center, the Securities and Exchange Commission’s (“SEC”) Hester Peirce expressed criticism about the registration provisions for private funds. The SEC commissioner said such funds are not a systemic risk to the financial system, but they are often viewed as banks. Rather than rely on the Dodd-Frank Act-mandated requirements, she wants to do away with the provisions altogether.](https://www.cbh.com/guide/articles/sec-commissioner-condemns-registration-requirements-for-private-funds/) + +> While preferring that there is no mandatory registration of private fund managers, Peirce is open to curtailing the requirements. She highlighted the difficulty in determining where the systemic risk comes from in this part of the financial industry, and the requirements stem from a lack of understanding. Peirce is also open to offering safe harbor to private funds that are examined by another supervisor. If another supervisor reviews the funds, then it can be policed by that supervisor. + +&nbsp; + +Let's check the same pattern as Elad, predatory lending/vulture investing law firm. + +> Wilmer, Cutler & Pickering (today WilmerHale) + +[First court filing](https://imgur.com/fRzsk5A.jpg) seems to [be a similar pattern.](https://imgur.com/8uk5FQi.jpg) and [a second page](https://imgur.com/c85yQZy.jpg) + +&nbsp; + +> [A team of white-collar defense partners from five large firms advised Goldman Sachs in a foreign bribery investigation that culminated Thursday with record-setting $2.9 billion resolution. Under the supervision of Goldman Sachs' general counsel, lawyers from Sullivan & Cromwell, Paul Hastings and Kirkland & Ellis, along with Winston Strawn and ***Wilmer, Cutler, Pickering, Hale and Dorr, handled various portions of the probe, which centered on the bank's role in a Malaysian bribery scandal.***](https://www.law.com/radar/newsfeed/all-the-big-firms-that-guided-goldman-sachs-to-a-record-setting-foreign-bribery-resolution-398-61398) + +They both are clients of Goldman Sach's + +&nbsp; + +2014 + +> [Barclays Plc has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its "dark pool" trading venue, according to people familiar with the matter.](https://www.reuters.com/article/barclays-lawsuit-idUSL6N0P850820140627) + +> Matthew Martens, formerly the chief litigator at the U.S. Securities and Exchange Commission, is among the WilmerHale lawyers working on the case, the sources said. + +*** + +> [“The facts alleged in our complaint show that Barclays demonstrated a disturbing disregard for its investors in a systematic pattern of fraud and deceit,” Attorney General Eric Schneiderman said in a statement: “Barclays grew its dark pool by telling investors they were diving into safe waters. According to the lawsuit, Barclays’ dark pool was full of predators – there at Barclays’ invitation.”](https://www.forbes.com/sites/marcelmichelson/2014/06/27/barclays-dark-pool-crisis-another-dent-in-confidence/) + + +&nbsp; + +Turns out [the law firm is a lobbying firm too](https://imgur.com/FXhwLNT.jpg) with a [giant list of companies that retain them....](https://www.opensecrets.org/federal-lobbying/firms/summary?cycle=2008&id=D000000721) including Google, the entire sugar industry, Northwestern University, pharma, whomever ["Business Roundtable" is,](https://www.opensecrets.org/federal-lobbying/clients/summary?cycle=2007&id=D000032202) JPMorgan, Citigroup, and even [had *CITADEL INVESTMENT GROUP under retainer in 2004](https://imgur.com/XBiRg0G.jpg) as [well as 2003](https://imgur.com/3STJSlT.jpg), Goldman Sachs and more. + +***These guys are the other lawyers and lobbyists for the shit banks and funds.*** +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I wrote a post 1 year ago about how I hit $100k in my (current) 401k and 1M net worth and wanted to give an update on how compound interest is incredible and how life can throw curveballs. + +[Post from 1 Year Ago](https://www.reddit.com/r/FinancialPlanning/comments/hwdfwg/today_at_34_years_1_month_and_2_days_old_i_hit/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I had a baby boy on January 11th and a few weeks into maternity leave/paternity leave - my husband got let go from his start up company. I was shocked. He was shocked. I was taking UNPAID maternity leave for 6 of the 12 weeks I had off. Thankfully, my husbands company paid him through paternity leave, he had 16 weeks plus an additional 2 paid months which takes us to July 2nd. In the meantime around April he got a better job and went from making $100k to $135k with 10% bonus. I took another job within my company one month before giving birth - a little risky but obviously everyone knew I was having a baby. My salary went from $103k with 10% bonus to $109k with 25% bonus base and can be higher depending upon the year. + +Today my 401k stands at $169.5k which is crazy and not a typical year since we all know in 2020 the market ranked and has come up. It went up $69.5 in 1 year. 69.5% is insane. + +We still haven’t purchased that house yet…and my husbands company, the one who laid him off, was acquired - and he owned shares which sold and we were able to pocket $40k on July 20th. Just a few short weeks after his final paycheck. Him getting laid off was an amazing thing for us looking back now though at the time it was less than ideal. We are sitting on about $320k in cash which is insane but do plan on buying within the next 6 months. Original post said we were looking at houses in the $300-400k range which now seems like a dream because houses in NH have skyrocketed. Our new budget is around $525-625k but I’d love to find something on the lower end. + +Lastly, our net worth is now $1.4M. Everyone says compound interest is incredible, and I’m now seeing just how much our investments have grown in 1 year. + +Breakdown: +$320k cash waiting to buy house +$517 in 401ks, Roths, Stock Market (husband and I got really into investing for fun this year during the whole GME craze- which we are still holding shares of and have been loving talking about different stocks together) +$1.15M 3 houses value (3 rentals) +Debt from mortgages: $646k + + +TLDR: Compound interest plus a booming market this year added 33% to overall net worth and 69% to current 401k. +Looking for some advice on a matter that I've been researching a lot lately. A 61 year old that made some poor judgments throughout life (low paying jobs, etc), and has nothing going towards retirement. I have a small (self employed) job that keeps me fed and housed quite easily, but because of some health issues, can only work so many hours a week therefore can't put away a ton of money. I live comfortably; a little low to the ground, but content and not at all hungry. No bill collectors. I'm happy with where I am now but concerned about upcoming retirement money issues. And . . Do not own a house. I rent a small apartment that serves me pretty well. + +Very recently I came into an inheritance of approx. $60,000 CAN. Paid down ALL my debt, and am left with about 50K. I have no intention of touching that money as I don't need anything (9 year old car runs well, etc). Now......what to do with it as it currently sits in the bank awaiting a real destination. Everything I've looked at points me to **GICs**. I am NOT a stock guy, nor am I a gambler. I figure that I do not have the time at this stage to "gamble" and ride out any downturns. I figure my best plan would be to sit that money somewhere really safe and get some points back on it. I guess my question would be, based on my situation and age, is the GIC the way to go? Am I able to put the whole amount into a GIC at once or do I have a limit like a TFSA? Recommendations for solid GIC return? My thought is to hold a small "emergency fund" ($5000) and put the rest into a GIC, and then leave it until I need to draw on it at some point in a few years. Just to add - I have always had **excellent** credit. I've always paid my bills (no bankruptcies), and have a large limit on my LOC and my one credit card (never had a problem with either). And yes, they are both CLEAN now - $0 owing. Sorry for the loooong post, but I just wanted to make my situation pretty clear. Any thoughts? Thank you in advance. +Google pays billions of dollars to other companies -- Apple, Samsung Electronics, etc. -- to keep its search as the default option on phones and in browsers, something the Department of Justice (DOJ) believes creates an illegal dominance over the search market. + +Deals like this ensure companies like Apple stay out of the search business. The practice has gone on for years. Google, at one point, paid Apple between $8 billion and $12 billion annually to appear as the default search engine on iPhones and other Apple devices, according to a law suit filed in 2020. + +DOJ attorney Kenneth Dintzer didn’t disclose the amount Google spends to remain the default search engine on browsers and U.S. mobile phones, but described it as “enormous numbers,” reports Bloomberg. + +“Google invests billions securing defaults, knowing people won’t change them,” Dintzer told Judge Amit Mehta during a hearing in Washington, admitting that Google buys “default exclusivity because defaults matter a lot.” + +In 2019, Google began giving Android users in Europe a choice to select a provider to power a search box on their device's home screen, and as the default in Chrome when installed. The changes complied with a competitive European Union ruling. The EU fined Google, saying it had an unfair advantage by pre-installing its Chrome browser and Google search app on Android smartphones and notebooks. + +The change gave users with a phone running the Android operating system and Chrome browser an option to customize and personalize their device, choose and change their search engine based on their preference. It included selecting the apps to download. + +Google, for example, added private, decentralized search engine Presearch as a default option on all new and factory-reset Android devices in the U.K. and Europe. + +Since Google added Presearch 2021, its daily searches have grown from about 200,000 a day to more than 4 million, said Alex Carrabre, head of growth at Presearch. “At the peak it was 6 million per day in the past 20 months,” he said. “It’s just in the Europe economic area.” + +Carrabre estimates Android has about 70% of smartphone market share in Europe, which means there’s strong potential for the fledgling search engine to grow its user base. + +Google’s private contracts with companies like Apple, and Samsung form the basis of the DOJ’s antitrust lawsuit, which alleges the company has sought to maintain its online search monopoly in violation of antitrust laws. + +The trial isn’t expected to start until next year. Thursday’s hearing was a daylong tutorial where each side laid out its views on Google’s business. + +[https://www.mediapost.com/publications/article/377584/google-exclusivity-and-dojs-battle-over-search.html](https://www.mediapost.com/publications/article/377584/google-exclusivity-and-dojs-battle-over-search.html) + +The DOJ says Google (Alphabet, Inc: GOOGL) creates an illegal dominance over the search market by paying billions of dollars to other companies to keep its search as the default option. How do you think this news will affect GOOGL's trading price? Do you agree that it is illegal? +Edit: As predicted https://www.bbc.co.uk/news/business-58610561 + +Edit 2 it's happening : https://www.bbc.co.uk/news/business-58619418 + +Edit 3 Ruh Roh: +https://amp.ft.com/content/11b1f0ec-5a6b-48d1-8d65-be26ead3a68d + +Edit4: if you are being offered a fix rate deal much north of 20p a kwh you may be better off,for now, on the variable rate at the Ofgem cap. Give it some research and don't be afraid to ask your supplier! Watch out for an increase in the cap being announced by Gov though. + +Edit5: Gov is now considering bail out loans to the likes of Bulb. Not sure it will be enough if gas prices keep rising. + +Edit 6 20/9/21: https://www.bbc.co.uk/news/business-58620167 as per edit 5 + +Edit 7: "Alok Sharma acknowledged that ministers are considering lifting the energy price cap to help keep firms afloat." - warning for anyone on a variable rate + +Edit 8: 2 more bite the dust +https://twitter.com/emilygosden/status/1440679495183130632 +Kwarteng also insists the cap will not be changed + +‐--------- + +ORIGINAL POST: + +I am in the industry (edit: renewable generation not supply; thanks for the downvotes...) and wrote some replies in the inflation thread but realised this might be of general interest. The UK energy markets (both wholesale and retail, both electricity and gas) are currently going absolutely nuts. The last few days in particular have seen the highest day ahead electricity prices, some of the highest gas prices, and the highest electricity imbalance prices on record. + +Gas prices are insane due to Russia/German regulators (under US pressure?) not yet approving and turning on the newly completed Nordstream II pipeline into Europe (but Russia choosing not to use the existing pipelines through Ukraine for geopolitical reasons), exceptional LNG demand in Asia, lowering North Sea extraction, lower US production, and various other factors. + +Electricity prices have been insane due to very low wind recently, and today a 2GW interconnector with France literally exploded, and more significantly, several smaller 'disruptive' electricity suppliers have gone bust due to terrible risk management, with more possibly on the way. + +Several of these suppliers had NOT fully hedged their customers demand for the winter, something the bigger players all do as a matter of prudent risk management but something Ofgem in its infinite wisdom for some reason doesnt force all to do. + +As a result, when these customers of defunct domestic suppliers are shunted to other better suppliers under the regulators' "supplier of last resort" program, the new suppliers have to place massive new forward hedges of gas and power prices for the winter to mitigate their risk, and this surge in demand is driving the market for the winter even more insane. + +To give an idea of what all this means in practice for pricing, in a typical winter the wholesale price of electricity fluctuates between £50 and 90/MW. To lock in pricing for the winter 4 months today the cheapest hedges are closing at over £200/MW. This may go higher. + +The short term and spot markets are also all over the place. Yesterday, to lock in prices for individual half hours around peak demand (5pm) today cost £1,500/MW (!!). Last Thursday, the 'imbalance' price of electricity (essentially the default price you pay if you havent bought in advance) hit £4,500/MWhr in one half hour settlement period. Normal for this time of year is £50ish. + +While consumers arent exposed to these crazy fluctuations directly, as they become more common, suppliers will need to hedge more and more in advance to prudently manage their risk, and this demand for hedging drives up the cost which they WILL pass on to consumers. + +Everyone on the demand side is panicking right now and honestly I think its going to get worse as more and more suppliers go bust. + +Individual consumers cant do anything except plan to reduce demand as much as possible (insulation! LEDs! Heat pumps! Solar! Batteries!), and keep an eye on switching to a better supplier on a fixed rate as prices increase....but they will increase across the board and especially at the largest and the smallest providers. Mid-size providers may have fully hedged their demand and be able to support smaller price increases but will be reluctant to take on too many new customers as this will in turn require more hedging. Edit: Bulb is now in trouble and they have 1.8m customers... + +I should note that Ofgem imposes some price caps on the maximum consumers can be charged on a default variable tariff (but fixed can exceed this), currently £1,277 pa for a typical dual fuel home, however this may prove unsustainable and rise again, as it already did 2 weeks ago. There's also the fear that so much of the market will end up paying at the cap that suppliers won't be able to absorb or hedge the overage. Edit: this now appears to be happening! Edit2: the cap may get suspended! + +A very cold winter is quite possible. This would be a perfect storm for energy prices. It's prudent to batten down the hatches. + +Useful information: https://www.bmreports.com/bmrs/?q=eds/main +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! + +Another twist in the Twitter acquisition soap opera. Posted since quite a few people had been interested in arb-ing the acquisition recently. + +https://www.reuters.com/technology/musk-says-44-billion-twitter-deal-hold-2022-05-13/ + +>May 13 (Reuters) - Elon Musk on Friday put his $44-billion deal for Twitter Inc (TWTR.N) temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5% of users. + +>Shares of the social media company fell 17.7% to $37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in early April and subsequently made a "best and final" offer to take it private for $54.20 per share. + +>The implied probability of the deal closing at the agreed price fell below 50% for the first time on Tuesday, when Twitter shares dropped below $46.75. read more + +>Twitter had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter, when it recorded 229 million users who were served advertising. + +>"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted on Friday. + +More: + +https://www.bloomberg.com/news/articles/2022-05-13/twitter-shares-slump-after-musk-says-takeover-on-hold + +https://www.wsj.com/articles/elon-musk-tweets-that-twitter-deal-is-temporarily-on-hold-11652436335?mod=hp_lead_pos1 +Hi, + +A good chunk of my portfolio (80%) consists of ARKK, ARKG, and ARKF. Now I’m definitely not going to sell that because that would be really ridiculous to lose money on something that will come back. + +So my question is, now that they are down, should I slowly invest in them more to bring my average down, or should I invest in a different ETF? I’ve got about $1k of cash left that I can invest so any advice is appreciated. +I am starting a side account/ project to save some money over the next 15-20 years for my niece's college fund/ whatever she wants to use it on. I plan on throwing $10 per day into a few hand picked ETFs. Let me know what you think of these choices: + +&#x200B; + +$6/ day - VTI + +$2/ day - ARKK + +$1/ day - ARKG + +$1/ day - CNRG + +\+lump sum of around $100-$200 into each to get things started on these low prices! + +&#x200B; + +I am open to ideas/ recommendations, as I'm fairly new to long term investing and ETFs in general. I chose these as I wanted a balance of high growth and stability. Thanks in advance! +Today on my street I observed an auction. Three months ago I watched an auction for the house next door. + +They’re both townhouses on roughly 350m2. One a 3x2 and one a 4x2. I’d view the 4x2 as in a more desirable position on the street even if they were the same size. + +Three months ago for the 3x2. there were roughly ten bidders and about 7-8 neighbours. The bidding was solid between 3-4 bidders at the pointy end. The house sold for 1.16m. + +The REA who also lives on our street went door knocking trying to drum up business and also listed the second house. + +Today the same neighbours were out. But with three bidding families. The opening bid was at the lower end of the range. The second and third bids were vendor bids. 4th being 1.02m. The auction was called passed in. REA went in and reopened at 1.05 which was accepted. + +This is an unadjusted decline of 9% in three months. More considering the desirability of the second property. + +Purely anecdotal. The REAs looked pretty dejected. Personally I was reminded of how punchable auctioneers are. + +For context I’m in the Melbourne Eastern suburbs. + +Edited: for pedants with low mental acuity. +&#x200B; + +[Banner submission by u\/Kidette](https://preview.redd.it/n7gc6x4lcmx61.png?width=1600&format=png&auto=webp&s=6efab1f1d6231c3e2e6f3c1139cb88d7582c0a55) + +# Good Morning Superstonk!!! + +&#x200B; + +It's Friggin Flair Friday!! But not just any flairs... + +**YOU GET A VOTE FLAIR... YOU GET A VOTE FLAIR... EVERYBODY THAT VOTED GETS A VOTE FLAAIIIRRRR🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +&#x200B; + +[VOTEHYPEVOTEHYPEVOTEHYPEVOTEHYPEVOTEHYPEVOTEHYPEVOTEHYPE](https://www.reddit.com/r/Superstonk/comments/n6izbz/dr_trimbath_told_us_how_to_defeat_the_final_boss/?utm_source=share&utm_medium=web2x&context=3) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# 🚨BREAKING NEWS- NSCC-002 POSTPONED UNTIL JUNE 21🚨 + +# + +[More time to buy the dip ](https://preview.redd.it/8g25svjrqpx61.png?width=2000&format=png&auto=webp&s=27de1765464eaf61e7b86ab6e568821354094bd2) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [MORE BREAKING NEWS- Audible announced for Naked Short and Greedy, recorded on behalf of Superstonk, with 20% of proceeds going to the Dian Fossey Gorilla Fund](https://www.reddit.com/r/Superstonk/comments/n71vy9/apes_change_the_world_superstonk_is_donating_time/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Update: Dave Lauer AMA transcript is now live. This mod team kicks ass!!](https://www.reddit.com/r/Superstonk/comments/n7234n/david_lauer_ama_transcriptsummary/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Top Story- The Congressional Hearing + +&#x200B; + +[iiiit's been... 3 weeks](https://preview.redd.it/8ncacq0memx61.png?width=640&format=png&auto=webp&s=08974e095c3672312fe2c1a78930c3bba1167023) + +# Quick rundown: + +* [Rep. Jim A. Himes isn't getting a lot of love for his comments](https://www.reddit.com/r/Superstonk/comments/n6do8a/rep_jim_a_himes_is_a_disgrace_to_the_american/?utm_source=share&utm_medium=web2x&context=3) 👎 +* [Neither is David Scott](https://www.reddit.com/r/Superstonk/comments/n6bwe3/fuck_this_guy_how_do_we_hold_social_media/?utm_source=share&utm_medium=web2x&context=3) 👎 +* It's worth another bulletpoint to point out how much those 2 guys suck \^\^\^\^ +* [Trey Hollingsworth's Feed disappeared just as he started talking about Dark Pools, without another wor](https://www.reddit.com/r/Superstonk/comments/n6gmlr/the_full_unedited_segment_of_trey_hollingsworth/?utm_source=share&utm_medium=web2x&context=3)d +* [Al Green just absolutely fux](https://www.reddit.com/r/Superstonk/comments/n6c6c2/al_green_a_penalty_of_700k_compared_to_a_business/?utm_source=share&utm_medium=web2x&context=3) +* [The CEO of the DTCC said some things that are open to interpretation](https://www.reddit.com/r/Superstonk/comments/n6epps/head_of_dtcc_just_confirmed_short_positions_did/?utm_source=share&utm_medium=web2x&context=3) +* [.... He also made a statement that proves Vlad lied under oath back in February](https://www.reddit.com/r/Superstonk/comments/n6i1k5/did_vlad_do_a_perjury/?utm_source=share&utm_medium=web2x&context=3) +* [Rashida Tlaib says the word "Citadel" like 11 times in 5 minutes](https://www.reddit.com/r/Superstonk/comments/n6g388/rep_rashida_tlaib_raises_really_good_points_about/?utm_source=share&utm_medium=web2x&context=3) +* [Dennis Kelleher is an OG like always and deserves a follow on Twitter](https://www.reddit.com/r/Superstonk/comments/n6f6do/can_everyone_go_to_twitter_and_show_dennis/?utm_source=share&utm_medium=web2x&context=3) + +[That'll do!](https://preview.redd.it/s7jphsmiomx61.jpg?width=950&format=pjpg&auto=webp&s=3a7b4341a434e6db67165dae698d1c4f08f7e39d) + +**Here's** u/Bye_Triangle\*\*'s take on Gary Gensler:\*\* + +While some found yesterdays hearing to be, less than productive. I found it to be incredibly tit-jacking. For the first time, we got to see our boy Gary "The GameStopper" Gensler (as I like to call him) in action... + +After all of the rumors that Gary Gensler was gonna' be our guy, I was pleased with with the sentiment he seemed to convey. I really got the feeling that we share similar interests in this. + +**These were my top three GG moments:** + +1.[This next one completely destroys all arguments that this subreddit or the language we use (such as We or Us) is "Market Manipulation" So that FUD is now dead (1:14)](https://youtu.be/vX2X8xxHEns?t=4448) + +2.[Gary Gensler says that The Sec has a responsibility to protect us from shills. Also, here he insinuates that that all we are doing here is exercising our free speech (1:18)](https://youtu.be/vX2X8xxHEns?t=4717) + +3. [Gensler touching on Payment for Order Flow (PFOF) and how it can end up being opposed to the retail investors best interests](https://youtu.be/vX2X8xxHEns?t=4382) (1:13) + +**Honorable mention:** [**The submitted written testimony is definitely worth a read**](https://www.sec.gov/news/testimony/gensler-testimony-20210505?utm_medium=email&utm_source=govdelivery)**!** + +&#x200B; + +[GG's got our back](https://preview.redd.it/3kxcl49rmmx61.png?width=720&format=png&auto=webp&s=a0fe683c1cb073848ab104a97bf62a52293a3760) + +I am extremely excited to hear more about this "meme stocks report" that the SEC is going to put out "in the summer", that is where the really juicy stuff is going to come from the SEC... + +Till then we continue to HODL, waiting for the slow-moving bureaucracy to catch-up. I will highlight something Dave Lauer said in his AMA to remind us that the SEC is going to help and is our friend here: + +*"They don't move quickly, if there's anything that I can tell you-- It doesn't mean that they're being incompetent, or deliberately dragging their feet. They're a government regulator and they move extremely slowly ." -* u/dlauer + +These things take time. I am impatient though, so I am going to keep buying more while we have to wait. + +NOT FINANCIAL ADVICE🚨 + +# Back to you, u/PinkCatsonAcid! 🦄🐈💎🚀 + +[We love u\/Dlauer ](https://preview.redd.it/lh1c691p5mx61.png?width=602&format=png&auto=webp&s=be53011914dc49535fd3d2196bdb902c4f0e2aa7) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Worth repeating: Control numbers, voting, and Carl Hagberg!!! + +*This is a copy paste of the "Rock the Vote" post.* + +**The focus of the sub from now until June 9 is going to be** ***VOTING*** + +We don't make claims about catalysts around here. So I'm definitely NOT telling you that this could be the catalyst. + +But the importance of exercising your right to vote cannot be understated. **THIS IS OUR ONE SHOT TO PROVE TO THE SEC AND EVERYONE ELSE WHAT IS HAPPENING. GAMESTOP NEEDS OUR HELP!!** + +Fidelity users, TDA, WeBull, Vanguard, Schwab, and more all reported being able to get their hands on their control number and vote as of yesterday. Feel free to drop a comment below if you have already voted and want to show that off!! **WE ARE GIVING AWAY VOTED STICKERS (FLAIRS) TO EVERYONE THAT HAS VOTED!! 🚀🚀🚀🚀🚀🚀** + +Be sure to check your inbox and contact your broker if you have any questions. And also be sure that if you have multiple brokerages accounts, you will need to get a different control number for each one. So if you carry shares in 3 different brokerage accounts (I do, cuz I don't trust a bitch) then you will have 3 different control numbers and will be voting 3 different times. + +**Steps to Voting:** + +1. HAVE YOUR CONTROL NUMBER + +Obtained from your broker, not to be shared with anyone. This number should be confidential. + +2. INPUT THAT CONTROL NUMBER THROUGH OFFICIAL CHANNELS ONLY (THROUGH THE GAMESTOP CORPORATE SITE OR LINKS FROM YOUR BROKER). + +Do not input your control number unless you are 100% sure that the site is legit. + +3. UNDERSTAND WHO AND WHAT YOU ARE VOTING FOR. + +Take a moment to see what the board recommends you vote for if you are unsure. This community can not tell you how to vote, only you can decide that. + +4. SUBMIT YOUR BALLOT. + +5. SHARE WITH EVERYONE HOW PROUD YOU ARE TO HAVE VOTED. + +**Gamestop's Board of Directors is urging everyone to vote as soon as possible.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🐈 **BUT PINK, WHAT IF I HAVEN'T GOTTEN MY CONTROL NUMBER YET?! 🦧** + +**Well, did you...** + +* Check your broker inbox for proxy info✔ +* Check your email✔ +* Send a message via your broker help/chat interface✔ +* Call your broker and request your control number✔ +* Look around the comments and other posts to see if any resources have been shared that might help you in your search✔ +* Check your broker's website for an FAQ- Many have a landing page with GME specific proxy info✔ + +Keep in mind some brokers just haven't issued them yet. And some are anticipating up to a week or longer wait before you can vote. Geez, it seems almost like they're having trouble finding the shares to vote or something. 🤔 + +**I can confirm that Robinhood and TDA are issuing control numbers that come up invalid when you enter them in the official Gamestop proxy website. I don't know what that means. I am still investigating why brokers seems to have their own landing page for proxy voting. Idk am not computer nerd, am just pink cat 🤷‍♀️ I can't wait to see what Carl has to say about that!!!!** + +[More info from Euroapes trying to vote!!](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/?utm_source=share&utm_medium=web2x&context=3) + +[And a report from Degiro](https://www.reddit.com/r/DEGIRO/comments/n4kn6t/degiro_refuses_to_give_out_control_numbers_to/?utm_source=share&utm_medium=web2x&context=3) + +[An important word from our Mod](https://www.reddit.com/r/Superstonk/comments/mxhcnq/beware_phishing_scams_are_trying_to_steal_your/?utm_source=share&utm_medium=web2x&context=3), [u/StonkU2](https://www.reddit.com/u/StonkU2/) about online safety with your proxy vote + +&#x200B; + +[Oh Lawd they Votin](https://preview.redd.it/wcqbux30vlx61.png?width=900&format=png&auto=webp&s=3c1161f45cf24edf40a13319a003bfd20c2f4cac) + +**As with anything, nothing changes if you don't VOTE!! 💪** + +# 📣📣Speaking of the importance of Proxy voting...📣📣 + +&#x200B; + +**Do you apes wish you knew why we keep talking about voting being the most important play right now?!** + +**Do you wish you could ask someone what proxy voting is?!** + +**DO YOU WISH SOMEONE WOULD JUST COME AND EXPLAIN WHAT THE HELL ALL THIS MEANS?!** >!Yes please dear God!< + +**You really loved having Queen Kong, Dr. T on our Superstonk Live YouTube. Now it's time for you to meet** [**~~your Swedish Grandpa~~**](https://www.reddit.com/r/PewdiepieSubmissions/comments/kkc6k5/my_swedish_grandpa_tried_lingonberry_g_fuel_for/?utm_source=share&utm_medium=web2x&context=3)**, Retail Shareholder Rights Expert, Mr.** [**Carl Hagberg**](https://optimizeronline.com/about/) + +&#x200B; + +[OG Carl](https://preview.redd.it/i1u4c075vlx61.png?width=1024&format=png&auto=webp&s=222e4c304ced8bddd12c2120bd7153928369b472) + +*"Mr. Hagberg is considered to be one of the nation’s leading experts on individual stock ownership programs. He has helped over 100 companies (including companies and government agencies in several Eastern European and Central Asian countries) to launch, improve or remarket programs aimed at customers, employees, existing stockholders and other affinity groups.* ***He is also considered to be a leading expert on the proxy voting process and has served as Independent Inspector of Election, both in contested and uncontested situations, at over 300 annual and special meetings of shareholders."*** + +Just like Dr. T and many of the others I first learned about, I first saw Carl while watching the MANDATORY DOCUMENTARY FOR ALL APES, [The Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU) + +. This documentary first made its rounds in the subs in early February during the bleeding red days, and it really helped me gain some perspective. **I'm serious I will give you a 💩 flair if you don't watch this documentary. Watch it and learn of the apes that came before us.** + +[Upon Dr. T's recommendation, everyone needs to read this comment from Mr. Hagberg to the SEC regarding overvoting!🚨](https://www.sec.gov/comments/4-725/4725-4611649-176367.pdf) + +**We are honored and thrilled to have Mr. Hagberg in time to discuss these issues before the annual meeting on 6/9 ( ͡° ͜ʖ ͡°)** + +# 📢This GAME CHANGING AMA with Carl will be Wednesday, 05-12-2021 at 4pm Eastern. Details to come! 📢 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# A note after speaking with [u/Atobitt](https://www.reddit.com/u/Atobitt/) + +As you all know, Atobitt is going to be our host for this **GAME CHANGING AMA** 💯 + +He spoke with our guest on the phone earlier today to do a bit of a walk through before show time next week. He came back so excited he could hardly get a word in. He wanted me to express the urgency and attention we need to pay Carl and what he will be telling us. + +After speaking with Carl, Ato had this to say "I'm literally not worried about any of this anymore, I am now Zen". **THIS IS HUGE!** + +# JUST LIKE WITH DR. T... IF [u/ATOBITT](https://www.reddit.com/u/ATOBITT/) THINKS THIS IS A GAME CHANGER, THEN I AM JACKED TO THE TITS 🚀🚀🚀🚀🚀 + +# Change is coming + +[Artwork by u\/Bye\_Triangle ](https://preview.redd.it/ak07heqwtlx61.png?width=1000&format=png&auto=webp&s=9dbbfdd6ecaaae239bbec6de68287df2c1c0ae58) + +# Good Vibes from Pink Cat ☮✌💖🚀🌝🐈 + +You heard Gary Gensler's statement about social media (dat us). He actually *confirmed* the fact that there are bad actors present online trying to sway public sentiment. **FUD and shills are a real thing. The American government is acknowledging it. There wouldn't be so much attack 24/7 if we weren't on the verge of something incredible.** So I urge you to always ignore (but report) the FUD and the attacks. And continue to live by the Ape's Creed of being excellent, and ape no fight ape. Remember the squeeze will not make us better people. That starts now. + +&#x200B; + +**WE HAVE BEEN LEGITIMIZED ON RECORD, IN 1 OF THE HIGHEST JURISDICTIONS OF THE WORLD-IN OUR STRUGGLE WITH FUD, AND IN OUR RIGHT TO GATHER HERE AND DISCUSS FREELY AS A GROUP. PLEASE TAKE SOLACE IN THAT.** + +&#x200B; + +# THE LAST 5 MONTHS HAVE BEEN LEGITIMIZED. + +# Like Dr. Burry said- I may be early, but I'm not wrong. + +&#x200B; + +Hopefully by now we all realize that we are in charge of defending this golden think tank that has been likened to the city of Athens. We are fostering and nurturing knowledge and growth that is going to *change the trajection of human history*. Look at the caliber of people that are coming to speak to us in our AMAs and helping us address the issues of fraud in our economic marketplace and naked short selling. **Do you think all of this progress would be happening if we were crazy? Especially happening this quickly? We did sign up for a rocket trip, after all.** 🐱‍🚀🐱‍🚀🐱‍🚀 + +**Don't gamble more than you can afford to lose. Make sure GME isn't your life plan. Eat as healthy as you can afford. Drink lots of water. Get a little sunshine every day. Hug your family, your pets, and your GME extra tight every day. And make love, not war. ✌💖🦄🐈** + +&#x200B; + +https://preview.redd.it/k3qxvkm22mx61.png?width=554&format=png&auto=webp&s=e1cff2384ccb99110362b5c80b222776b51e4c2d + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +[Have a nice fuckin weekend!! ](https://preview.redd.it/cyzt4f6nnmx61.jpg?width=539&format=pjpg&auto=webp&s=a8e2d358d42f20de4c45443adf72b9d99d189370) + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# 🚨 ... AND VOTE!!! 🚨 + +P.S. We are going to work through all the flair threads through the weekend and make sure everybody gets their voted sticker/flair!! 💖💖 +This has been a labor of love, here is the IEX AMA you've all been asking for! + +Ronan was certainly one of the most fun guests to host, he's entertaining as hell and tells great stories - so I encourage everyone to watch. There are also juicy tidbits throughout which I'm sure the community will latch onto and dissect, as we do. + +Youtube Link: [https://youtu.be/0fI4YPde-g8](https://youtu.be/0fI4YPde-g8) + +Initial Request Post: [https://www.reddit.com/r/Superstonk/comments/rxzes9/ama\_iex\_question\_request\_thread/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rxzes9/ama_iex_question_request_thread/?utm_source=share&utm_medium=web2x&context=3) + +Hope everyone enjoys it. + +~~I'll be posting the transcript relatively soon in two separate posts (due to the length being more than 40k characters) for those who want to read it.~~ + +Transcript Part 1: [https://www.reddit.com/r/Superstonk/comments/ss5wyf/iex\_ama\_transcript\_part\_1/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ss5wyf/iex_ama_transcript_part_1/?utm_source=share&utm_medium=web2x&context=3) + +Transcript Part 2: + +[https://www.reddit.com/r/Superstonk/comments/ss5xer/iex\_ama\_transcript\_part\_2/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ss5xer/iex_ama_transcript_part_2/?utm_source=share&utm_medium=web2x&context=3) + +Separate to the above, please refer to the AMA request post for **Former SEC Branch Chief Lisa Bragança** here: [https://www.reddit.com/r/Superstonk/comments/sp7j02/ama\_question\_request\_post\_former\_sec\_branch\_chief/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sp7j02/ama_question_request_post_former_sec_branch_chief/?utm_source=share&utm_medium=web2x&context=3) +In 2020, for a couple of months, my employer accidentally withheld my taxes for MD instead of NY. I have only lived in and worked from NY. I've never been to Maryland. Not even a visit. + +I used FreeTaxUSA to file my taxes, and they explained to me that in this situation I don't need to pay taxes to two states and that I owe my taxes to NY, where I lived and worked. When I finished filing, my taxes reflected this. Maryland was supposed to refund me all the taxes that were mistakenly withheld for them and I owed. I owed approximately that amount to NY and paid it immediately. + +For months, I have held the bag on this tax difference. Paid NY and expected to get reimbursed by MD. I called every week to MD and on the rare occasion my call went through they said my "refund is under review", I would explain that I've never been to Maryland, and they would say they are going to make a note about my situation. The next caller would never see any notes. + +Until today. I am holding a letter saying that In addition to the $1100 they have, I now owe them an additional $500. I have 2 weeks to pay before interest accrues. + +I feel hopeless. This $1100 makes a big difference to my finances. Any help would be greatly appreciated. + +Edit: Thank you all for your advice and input. I will try calling the MD tax office relentlessly and also ask my employer for a corrected w-2. + +Edit 2: I have tried calling the MD tax office multiple times. It has a lengthy teleprompt system and then the call just drops because "nobody is available at the moment". Since it doesn't let you wait on hold, you have to keep going through the prompt and it is extremely difficult to get a human being. I tried the ombudsman's office as well, which has a message that says they are not accepting any phone calls and to reach out to their generic taxhelp@marylandtaxes gov email address. Equally frustrating. + +I have requested a corrected w-2 and I'm meeting with a tax professional tomorrow. Thank you everybody. +I may well (and likely have) missed something obvious here but bear with me. + +Ignoring the fact you don't own the shares directly and the CCP will gut your portfolio if it deems it beneficial, what is the endgame of Chinese stocks? + +More so referring to stocks like Alibaba, tencent or baidu. If they pay no dividends, value is returned via share buybacks. + +If I were to buy shares in a Nasdaq listed stock, say, and they bought back until I now have a large portion of the business, that then gives me leverage in voting/encouraging a dividend/liquidating assets etc.