diff --git "a/reddit_finance_43_250k_87.txt" "b/reddit_finance_43_250k_87.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_87.txt" @@ -0,0 +1,10000 @@ +[https://ftp.nyse.com/](https://ftp.nyse.com/) + +&#x200B; + +https://preview.redd.it/r0c51cybxrz61.png?width=651&format=png&auto=webp&s=09ed8102c962ab2f04b243d4244b6ec5fa76e35d + +Ive been cross referencing the ArcaAmex data with the OCC data, because on OCC you can actually check option data (which seems awesome because you would think the main derivative clearing corp would have up to date info). And there is definitely some weird data coming from the OCC. + +&#x200B; + +https://preview.redd.it/6hkc2jbfyrz61.png?width=297&format=png&auto=webp&s=c437168f9d1cad8b2663d52847586eda0a97db92 + +0 OI for GME May 14 Calls (all in the money in this case). + +0 OI for GME May 14 Puts (all in the money). + +Ok but ok. Maybe they dont update it. But the May 21 Calls are there... + +&#x200B; + +https://preview.redd.it/mat2h8ltyrz61.png?width=307&format=png&auto=webp&s=52f3d526485cd19469ff1d87056c56309f5df70c + +Ok... And before you say these arent sourced from everywhere: + +&#x200B; + +https://preview.redd.it/qqluvrv2zrz61.png?width=954&format=png&auto=webp&s=65e87312e800ff73309689899b93f3efaed9cd71 + +The info is here [https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Search?symbol=gme&symbolType=Options](https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Search?symbol=gme&symbolType=Options) + +These should literally be updated daily. And depending on who's buying and paying attention, there should definitely be some movement. But anyway, lets go look at TODAYS data for May 21 GME options, through the company that OCC links all their derivative data through. + +[https://oic.ivolatility.com/oic\_adv\_options.j;jsessionid=a-dh\_HwzV6lh](https://oic.ivolatility.com/oic_adv_options.j;jsessionid=a-dh_HwzV6lh) + +&#x200B; + +https://preview.redd.it/iwi1zukvzrz61.png?width=1905&format=png&auto=webp&s=a5d5a158b26d1831c2170a8ecc8fb48fa8a2db88 + +Notice anything weird about the IV? And the cost of the option vs the strike price? Literally the Deep In The Money calls mean worth is the exact same cost as a share. And we know that everything about "free and fair market" in the last little while has been about "taking the best average cost at market value for our clients" (my broker touts this - I assume most do). + +And the IV is significantly lower than what other sources are saying. Barchart has $10 calls at 1600% IV, yahoo same thing. Odd that this data is almost purposefully deflating the IV of GME, considering after the last massive increase in IV was Jan. No, seriously: + +&#x200B; + +https://preview.redd.it/6ro04put0sz61.png?width=547&format=png&auto=webp&s=5a1e601fc6c657a49ec675ced38e8852f81917ed + +And if we go back to the NYSE Arca data, the consolidated short interest changes with how many shares are short as well. Check this out, I am only going to go to the end of Jan because there is a ton of data, but maybe Ill do the rest after to prove their algo is betting against retail. Because they only changed it once WSB reallyyy started to get into GME mid January. And they didn't expect the upward buy pressure, so they manipulated the market through the OCC to make this work in their favor. + +&#x200B; + +https://preview.redd.it/cjoc7rzc4sz61.png?width=562&format=png&auto=webp&s=2b3635a3b7388c689b51820f2ec251819e3b6380 + +**The short volume literally started to MIMIC THE FUCKING BUY VOLUME AFTER MID JAN. HOLY FUCKING PYRAMID SCHEME BATMAN.** + +I said it before, and I personally think this definitively concludes that the banks, shitadel and other hedge funds, and the regulatory bodies like the OCC are working against us through algos, reddit scraping, and OTC. Thanks for attending the fucking TedTalk. I hope we can all buy and hold more. Not financial advice. Just an ape who wants tendies from these people who have made a fortune off our hard work and lower class lifestyle. Buckle up hodl, and dont forget your hellmits. + +&#x200B; + +https://preview.redd.it/suvwgwjq5sz61.png?width=487&format=png&auto=webp&s=35219ddfceb080e409f2bf4cd0790476d237d3ca + +References: + +1. [https://ftp.nyse.com/](https://ftp.nyse.com/) +2. [https://www.theocc.com/](https://www.theocc.com/) +3. [https://www.theocc.com/Company-Information/Board-of-Directors](https://www.theocc.com/Company-Information/Board-of-Directors) +4. [https://oic.ivolatility.com/oic\_adv\_options.j;jsessionid=a-dh\_HwzV6lh](https://oic.ivolatility.com/oic_adv_options.j;jsessionid=a-dh_HwzV6lh) +5. [https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows](https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows) +6. Oh and the fucking terminal drops. +Alright fellow retards listen up for some real DD. I bought the top of GME and AMC and sold for a loss. I bought the top for APHA and TLRY and sold for a loss. I bought TSLA calls last year and the stock tanked costing me my entire $10,000 that took me half a year to save up, gone in a day. I’ve lost so much money this year already I’m considering changing my name to Melvin. I’m going to go all in on SPY tomorrow. RIP to your portfolios. +I have a 3 bedroom house and have them sign one single lease stating the total amount due etc. I do not have parental cosigners. So one kid is trying to not move in, do i make his roommates on the hook for his portion of the rent, just him, or all 3. Never had this happen before. should i look into small claims court? ty +I'm 25F and my boyfriend and I would love to buy a house eventually. The only debt I have left is around $13K on my car loan, which I plan to have paid off in 2 years, but my bf has a ton of student debt left. + +My question is, how much should we save to buy a house, and how do we save that much? Typical houses in our area are between $300K and $400K.. Putting 20% down just seems absolutely impossible, as neither of us currently have much savings due to paying off our debt and spending $1650 total per month on rent and utilities. If we each can save $20K in 3 years, that's still not even enough for a down-payment on a one bedroom, one bathroom house.... + +I'm getting very discouraged :( +Hey guys, I have a close relative who's thinking about becoming a doctor, and I was wondering how much that pays? Like how much would a GP make in a year or something that takes more time. Is it worth it after all the studying? +“Sorry, i’d like to go to the party but my personal risk tolerance for tonight is only two O’Douls” + +“Why would i buy options when I receive enough dividends annually to cover the maintenance on my ‘89 civic?” + +“I mean i could afford a nice 2 bedroom home but renting a studio allows me to dollar cost average the rest of my savings. When my wife has her boyfriend over for dinner (I keep the pantry well stocked with rice and canned peaches), I just sit in the bathroom and play my switch until they are done. A worthy sacrifice for 1.7% yearly interest in my Ally account” + + + +EDIT: You’ve been banned from posting in r/politics +It really is insane that this sub grew from literally 250 people to 110,000 in around 12 hours since the gme saga + +That only means y’all are really dedicated to the stock. I really doubt many (if any) of those 110k people don’t have any shares in gme. therefore, we could potentially guesstimate how much shares are being held. + +At a *very* *very* conservative estimate of 10 shares a person (i know you degenerates probably have a hell of a lot more) at 110,000 investors + +comes out to 1,100,000 shares being held by very dedicated investors at the bear minimum. + + +Which is really insane to think about. And I seriously think this is a gross underestimate especially with y’all buying every dip. + +obligatory: 🚀🚀🚀🚀🚀🚀🚀🚀🚀 +It was supposed to be easy, they said. + +Back when I was but a young trader, deep in my truly wilder swing-trading days (last month) I had grown quite fond of picking up whatever shitcoin was being plugged on this front page. + +FWD, BOSE, HODL, PIG, whatever seemed even mildly legitimate was fine by me. After all, I’m supposed to be rewarded just for being on BSC, a place where few dare roam. As long as I get enough different coins, eventually I’ll strike gold. + +But hours went by. A full day even. And I didn’t have my fortune. So I started selling off all these coins that I honestly hadn’t even really done a lot of homework into. It just wasn’t worth spending all day checking this stupid SAFEMOON, and honestly, what does PBOM even do? + +Oh yeah and LIGHT? These transaction fees are completely outrageous, 11%? Sorry, no way, doesn’t work for a swingie like me. Lucky for me, it just 3x’ed, so I’m out. + +The next few days unfolded like a nightmare that wouldn’t stop. If I had only been battered to that point, I was surely broken as PBOM and SAFEMOON enjoyed their nice 100x ride. And Lightning? Well, Lightning made another leg up, and another leg up, and another leg up. I stopped paying attention after a while and vowed to forget the price I sold at. + +I honestly still don’t remember, but I know it was more than two weeks ago. So, considering it’s at $.34 currently, and it was $.03 just two weeks ago… well, safe to say, I’ve been Bogged. + +So why the hell would I buy back in? Is it because I’m a FOMO buying SOB whose doomed to stay forever poor? How could I go back to Lighting after I abandoned it due to its lackluster website and because I couldn’t understand what problem it was solving through it? + +Well, for starters, I’m a changed man looking for smart long-term holds and to enjoy the pleasures of a full nights sleep again. I’m no longer a swingie begging to be punished by the  Lightning Protocol’s holder-friendly system. **And while I’ve changed, the market and Lightning have changed even more drastically than I could have imagined.** + +As anyone who has a pulse on BSC has noticed, we’ve entered the era of the useless deflationary asset. Memes, NFTs, whatever even mildly interesting asset they can pitch to convince you they’re not selling a complete pile of garbage. + +But Lightning’s **not fucking around** like that. No, Lightning has cut off its dead weight, hiring a brand new **designer who previously worked with Google** to give a level of presentation that matches **Lucas, the founder and lead developer of Lightning, and his previous experience working as a software engineer for Allianz.** + +Lightning has moved onto rebrand completely with a revised whitepaper in the works and a focus on their upcoming **Lightning Incubator, the Lightning Protocol now serving as the engine for the ecosystem**. While there are many launchpads looking to help legitimize the Wild West that is BSC and put an end to the ceaseless rug pulls, most have just ended up as disappointments providing IDO’s that flounder after listing or are just copycat ideas of things already on Ethereum. + +Knowing full well that it only takes a handful of failed launches to shake investor confidence, Lightning is determined to create an ecosystem of success for each project it brings on. With its network of promoters and project partners, Lightning will be rolling out their Lightning Incubator so they can act as a true angel investor seeing each project through to completion well after their IDO. + +This dedication to ensuring each and every project is a success and one that truly disrupts the space is what will separate it from the low-effort launchpads out there that are only looking for the next project to dump on their investors. After all, if those companies were serious about it, they’d be offering these types of incubation services, **much like Polkastarter, which was at $.20 in November and is now at $4 for a 20x.** + +We all know someone is going to step up and be the **leading incubator on BSC** (of which several can succeed) so why not trust the developer who was forward thinking enough to create an entire system around dynamic fees creating what Lightning calls “Deflationary Elasticity.”  Through paying holders frictionless yield on rebasing, it’s basically big brain for rewarding holders and punishing swingies. + +And Lightning definitely understands marketing, if you’ve seen an AMA with Lucas you’ll come away impressed, and its role in providing exposure to a project as well as the importance of real functionality, which is why they’re already working to get Lightning listed on a CEX to bring in even more eyes. + +**So if you want presale allocations for projects selected by this team**, basically the surest way to maximize gains during the bull market and survive through the bear market, you’re going to want to scoop up Lightning now. **You’re going to need to hold LIGHT if you want to be sorted into the best tier for the highest allocations, currently separated into Bronze, Silver, Gold, and Platinum.** + +But don’t worry if it turns out you’re not in their highest tier. **Each tier will have access to a share of an airdrop of 1% of the IDO’s token**, and the dev has committed to decreasing the requirements of Lightning holdings over time due to the deflationary nature of the token. + +So don’t be like me and miss out on this opportunity because you don’t understand the rebasing or the transaction fees. Just set that slippage high, swap for some Lightning, and let the team do the work for you in picking projects and making gains. Because besides being well-positioned at a $23M market cap, there’s still time before you’re stuck like me, buying at 10x the price I first saw it at, whenever it hits POLS ‘s current $250M market cap. + +**Tl;dr -** Lightning has rebranded and reinvented itself into a full ecosystem designed to help new projects flourish through it’s Lightning Incubator, and to keep holders happy through the tokenomics of its Lightning Protocol. With a strong team that has experience from Google and Allianz, they will be launching IDO’s with only projects designed to change DeFi from BSC, not copy Ethereum, as they become the leading incubator on BSC. LIGHT holders will be placed into tiers allowing for IDO token airdrops and presale allocations. Lightning is at $23M, most similar competitor is POLS at $250M. + +Website: [https://lightningprotocol.finance/](https://lightningprotocol.finance/) + +Telegram: [https://t.me/lightningprotocol](https://t.me/lightningprotocol) + +Medium: [https://lightningprotocol.medium.com/](https://lightningprotocol.medium.com/) + +PancakeSwap: [exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f](http://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f) + +CoinGecko: [https://www.coingecko.com/en/coins/lightning-protocol](https://www.coingecko.com/en/coins/lightning-protocol) +Today I used the last of my toothpaste. I showered with the last drops of shampoo- using it for my entire body. I used olive oil to style my hair- which has not been cut in at least two months. I postponed my phone bill until the last of the month, and I sent a text to my landlord begging him to forgive my late rent and promising to pay as soon as possible. I postponed my electricity bill until the first of January. My fourteen-year-old dog is eating half-rations. I spent half of all the money I have on an Uber to get to my part-time job on the other side of town- which I am overqualified to do and underpaid for. I ate nothing. My friends have no idea. + +I wake up every morning, take a shower, dress like I’m going to work, and I keep busy. When I’m not actually at work, I’m behind my computer screen applying for work, or updating my resume to bend my skills and experience to fit whatever job I can find. My friends have no idea that I can’t afford to eat, or why I am absent from our weekly trivia date, or that I am a hair away from homelessness and total destitution. + +I have been supplementing my income with odd-jobs for some friends who own real-estate. I enjoy the work, but it’s not steady or dependable. I’ve learned how to do things like drywall repair and simple plumbing and electrical work. I have been donating my plasma at the local plasma center- which is probably the most embarrassing indignity. I spend each day applying for work both within and outside my field, and taking steps to improve my lot or at least to hold on to what I have. I have no idea how I will even pay this month’s bills, lessmore pay next month in about two weeks. I do not have a financially or otherwise supportive family. There are no bailouts. I worry I am close to homelessness. + +What a fall from grace this has been for me- or rather a return to the circumstances I crawled out of to overcome many years ago. I was born to poor parents from good families. My grandparents made sure we had food to eat and clothes to wear and contributed an enormous deal to my very humble upbringing. Where my parents lacked the maturity, money, discipline, or wisdom to bring good children up in the world, they filled the gaps. I became estranged from my parents when I was fifteen for reasons I’d rather not write because it’s still such a sore spot. I graduated high school a year later at 17 while I was considered “homeless youth.” In reality, I was working two jobs and maintaining an apartment during that last year of high school- where I actually just transitioned from the honors track I was on previously to auditing grade-level classes so I would be free to work. When I started college, I was working full-time with more than one job and barely able to concentrate on class. I was so miserable and hungry all the time, that I promised myself I would never be that low again. + +Soon after, through some extracurricular activism I was involved in, I got a job working for a congressional campaign in Queens, NY, and subsequently for a progressive outfit based in Brooklyn. I came back to South Carolina and was steadily employed by progressive organizations and I had food, and a place to live. I was not rich, but I was comfortable and happily employed. I thought I had made it. Save a few brief stints being unemployed, I remained mostly employed and stable. When I was in between campaigns, I would stay with my grandparents for a month or two at a time and help out at their house. I miss them so much. + +It has been one year since I have been employed by a campaign or a cause. I was eligible for $3500 in unemployment benefits(some $250/week) for the first part of the year, as well as federal COVID relief for some of that time. I looked for work hard, but could only manifest small odd jobs for friends of mine who owned real-estate. I went hungry a lot. My dog went hungry a lot. My clothes and body went unwashed. I became more depressed than I had ever been in my life. Finally, my lease ended and my roommate moved out- leaving a huge mess and move-out for me to contend with. A friend of a friend was renovating a house that his tenants left in a disgusting state. He offered to let me stay there rent-free and to pay me to do some simple renovations and painting over the summer. I made a room liveable and began to tackle to enormous task of setting that house straight. Finally I made enough money to pay a deposit and rent a very small apartment in my favorite part of the city. I was so happy to make a space of my own and to keep it clean. Nothing makes me more anxious and nervous than to think I could lose it all now. + +I can't blame my current situation entirely on Coronavirus, or depression, or lack of support. Certainly a combination of those things- circumstances I have no control over- have resulted in my being here, but I am not without blame. There are things I could have and should have handled differently that might have prevented my present situation. It’s difficult not to be hard on myself even though I know nothing happens in a vacuum. During the time I am not working or applying for work, or hustling to scrape together enough money to feed my dog or myself, I am not worried… I am horrified. What is going to happen to me? I don’t know what more I can do to prevent myself from sliding further down. I am against a wall and out of options. + +Sometimes the worry grips me so bad and the hopelessness sinks in and I even think of suicide- purely from a practical perspective. I don’t have a plan to commit suicide, and it goes against every instinct I have, but the fact that I consider it as a practical solution to this destitution illustrates the sheer desperation of a man who has run out of options. \*\*Reader, don’t worry- my practical analysis of the situation says that my committing suicide would be an enormous financial and emotional burden on my family and thus not something I would do. + +It’s nearly Christmas and that thought absolutely takes my breath from me. I am just horrified by all of this. + +I think my purpose for writing this is to illustrate what it looks and feels like to be so close to homelessness and how many people walk among us with their chins up and their shoulders back- even though they are carrying the weight of the world. Maybe my message to this end is to be kind and gentle with people. Life is not always what we present to the world. Maybe I just needed to write these things down because I have been so embarrassed and ashamed that I can not say them to anyone. +When my kids (just turned 8 & almost 6) were about 1 year old each, we started 529 plans for them. We didn't always have a lot to put in, but we contributed to each one every month. + +It's tax deductible in our state up to $4000 per beneficiary per year, but up until 2018 the limit was 2000. [EDIT: My number were off - We contributed about $1200 per kid for a couple years, had a couple bad years where it was less than 500, then the last 2 have been 2400] + +There have been times we were late on mortgage payments, or couldn't pay a credit card bill. Once we even had our gas turned off, and couldn't pay it for a couple days so we used space heaters. We've had to get creative with groceries to make food. We haven't been there for a couple years thankfully, but we never stopped contributing. [EDIT to clear up confusion- we contributed after the behind bills were paid, not instead of paying them! Just trying to illustrate we always contributed. I also realize this was a terrible decision and we should have focused on emergency fund / retirement first.] + +We constantly asked our family members to purchase fewer toys and contribute to the 529 instead. They never have - I don't know if they somehow think we'd have access to the money or if they want to be the "fun" grandparents/aunt/uncle whatever, but everything in there we've put in ourselves. + +Before our oldest hit 8, I took a look at it just to see. We have over $20,000 saved between the 2 of them! + +Just start. The sooner the better. It doesn't have to be used for college specifically - any post secondary education, trade school, cosmetology, whatever! You can change the beneficiary once per year, do if they don't use it all you can use it on yourself or someone else. Worst case scenario, you pay taxes and 10% fee to just take out the cash - but that's waived if the beneficiary gets a full ride. + +There's almost no downside. Put in 20 bucks a month if that's all you can afford. You'll be happy you did. + +***Another edit: I get that this was the wrong way to go about it, and we are on the right track now re: emergency fund and retirement. But I am still excited about it*** +Stocks in mainland China plummeted about 9% on Monday morning as they returned to trade following an extended holiday amid an ongoing coronavirus outbreak. + +The Shenzhen component plunged 9.03% in the opening minutes while the Shenzhen composite fell 8.882%. The Shanghai composite dropped 8.6%, according to Reuters. + +In Japan, the Nikkei 225 dropped 1.59%. The Topix index also declined 1.25%. South Korea’s Kospi also shed 1.46%. + +Meanwhile, shares in Australia tumbled as well, with the S&P/ASX 200 dropping 1.69%. +Overall, the MSCI Asia ex-Japan index traded 1.39% lower. + +Investors will be bracing for the return of trade for mainland Chinese stocks at 9:30 a.m. HK/SIN on Monday, following an extended holiday amid an ongoing virus outbreak that has taken more than 300 lives in the country so far. + +The People’s Bank of China announced Sunday that it will inject 1.2 trillion yuan (approx. $173 billion) worth of liquidity into the markets via open market reverse repo operations. The Chinese central bank said the overall liquidity in the system would be 900 billion yuan (approx. $130 billion) more as compared to the same period last year. + +“While this will be the largest single-day addition since 2004, it implies a mere net injection of RMB150bn as commercial banks are scheduled to repay RMB1.05tn of funds on Monday,” strategists at Singapore’s DBS Group Research wrote in a note. “The authority may need to inject more cash in the rest of the week via reverse repo and/or medium-term lending facility to soothe market nerves.” + +https://www.cnbc.com/2020/02/03/asia-markets-china-markets-coronavirus-caixin-manufacturing-pmi-in-focus.html +We were talking about investing and I shared with him some of my thoughts (and some evidences I guess?) as to why I don’t trust the market right now. + +I was asked if I held any stock at all. +I then told him I’m kinda all in with GME. + +He was like: “Why? 😅” + +I made a quick summary of the DD to him (no need to deep dive here. All things 🦍s know) + +His reaction was: “So, you read it on Reddit? 😂” + +I was like: “Yeah man, happy to share with you some stuff via email also” + +He kept laughing at me. I kept quite. +Inside me I had Mark Cuban’s “All you need is to be right one time, just one time”. + + +TL;DR +Buy, hold, vote for me guys too. I was made fun in front of a table full of friends and I girl I really like. I kept cool, in the end I don’t need to proof anything to anyone 😎 + +I know it’s just a little thing,in the end, and no big deal. +But I also thing that these little behaviors, compounded over the years, fucked up our system. +U.S. new weekly jobless claims unexpectedly rose to 770,000 last week even amid a wave of abating social distancing restrictions and improving weather. + +The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: + + Initial jobless claims, week ended March 13: 770,000 vs. 700,000 expected and 712,000 during the prior week + + Continuing claims, week ended March 6: 4.124 million vs. 4.034 million expected and 4.144 million during the prior week + +Initial unemployment claims were expected to hold below 800,000 for a fourth consecutive week. Still, initial jobless claims remain above the Great Recession-era high of 665,000 from 2009. And new claims still need to fall significantly further to return to 2019 levels, when new claims averaged just over 200,000 per week. + +https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-march-13-2021-pandemic-165400695.html +Hi, Just wanted to share that our family’s net worth reached $4 million for the first time ever today. Wanted to share the milestone with this group that has become a friend, philosopher and guide for me...though I don’t post here much (mostly admiring the VHNW success stories here) Keep rocking! If this lower middle class kid can reach this level just shy of age 50, anyone aspiring can. Single income (largely), family of 4, currently at senior management level. Started my career at $60k/year after graduate school, now at $400k+ income. Annual expenses $80k at MCOL place. From aggressive allocation over the last decade, have about 40% cash and bonds now (60% equities). Still nervous about the frothy market while pandemic is ravaging the real economy. Hoping to FIRE at 55 or at $5 m net worth, whichever comes first. + +update 4/15/21: Hard to believe it. In just over 7 months, NW hit a new milestone of $5 million, still shy of 50! The markets have been kind but I remind myself that things can change. These are just numbers. Plan to continue working till 53 at least to give more cushion considering today's peak market. +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. +I first invested in crypto during the 2017 bull run, and I wanted to pass on a lesson I learned the hard way. When the market crashed in early 2018, my immediate response was to buy the dip because I wanted to DCA and recoup my losses. Then the market dipped again and I bought the dip again…then again…then again…then again…you get the picture. By chasing every single dip, I broke the golden rule of crypto - never invest more than you can afford to lose. I financially struggled for a while because of the position I stupidly put myself in. + + +Have a game plan, space out your money, and be patient. Every time I bought the dip, I thought “Wow, these prices are insane! It can’t get much lower than this.” Well yes, it can go much, much lower. +Bitcoin has spectacularly 'died' several times + +📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack + +📉 - 36% June 2012 from $7 to $4 Linod hack + +📉 - 79% April 2013 from $266 to $54. MTGox stopped trading + +📉 - 87% from $1166 to $170 November 2013 to January 2015 + +📉 - 49% Feb 2014 MTGox tanks + +📉 - 40% September 2017 from $5000 to $2972 China ban + +📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500 + +I've held through all the crashes. Who's laughing now? Not the panic sellers. + +Market is all about moving money from impatient to the patient. You see crash, I see opportunity. + +You - OMG Bitcoin is crashing, I gotta sell! + +Me - OMG Bitcoin is criminally undervalued, I gotta buy! + +N.B. Word to the wise for new investors. What I've learned over 7 years is that whenever it crashes spectacularly, the bounce is twice as impactful and record-setting. I can't predict the bottom but I can assure you that it WILL hit 19k and go further beyond, as hard as it may be for a lot of folks to believe right at this moment if you haven't been through it before. + +When Bitcoin was at ATH little over a month ago, people were saying, 'it's too pricey now, I can't buy'. + +Well, here's your chance at almost 60% discount! + +With growing main net adoption of LN, Bitcoin underlying value is greater than it was when it was valued 19k. +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/) +I just finished reading [The Psychology of Money](https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681), written by Morgan Housel. Great book and I recommend everyone to get a copy (I found one at the local library). + +&#x200B; + +Here are my [key notes](https://frost-bearberry-394.notion.site/The-Psychology-of-Money-ab24536eec154c81bb17d52480a43e53) that I'd like to share with the community. + +&#x200B; + +*Few things matter more with money than understanding your own time horizon and not being persuaded by the actions and behaviors of people playing different games than you are.* +Ya, I get it. Dips are buying opportunities. And bear markets present potentially great opportunities. And I know some of you mean it when you say you hope it keeps going down. But I don't think a huge continuous slide down is good for crypto long term. I'd rather not have prices drop 50% or 85% more. At whatever price you buy, up means profit. So, I am going to go against the trend and say I hope the market shoots up like crazy and doesn't go down further. I am ready for my downvotes now. 😆 +So from what I understand, pump and dump is when you inflate a stocks price by coordinating a demand that by normal means does not exist to give a stock an upwards trajection that it should not have, and then selling high once other people are in on it. + +And what most of these hedge funds did was to short stocks that were priced fairly to dip them into lows they should not have been in the first place to profit by covering their positions at low prices. + +How are these 2 things different in any way besides one targeting the bulls and the other targeting the bears? +Raise your hands if you've heard some version of this: + +> I noticed fund A / stock B has outperformed Nifty over last N months / years. + +This would be a determining factor for the investor to eventually go with fund A or stock B. + +For instance, someone in our [Discord](https://discord.gg/hqBNg4u) had asked yesterday, since Tata Resources & Energy Direct Growth fund has outperformed Nifty in the last 3 months, is it a good time to enter this fund. + +Even SPIVA reports have given index chasers the kind of peace of mind that in last N years, x% of active funds have failed to beat the index. Therefore, picking an active fund would mean x% chance of failure, going forward. + +In this story, x is usually much higher than 50, across different long term durations. + +This doesn't compute! It's wrong. All kinds of wrong. Even simple mathematical formulation would show that's not how it works at all. + +--- + +Let's look at some real data. + +Starting from January 1st 2019, Axis Bluechip Direct Growth has outperformed UTI Nifty Index Direct Growth, till yesterday. + +This is a well-defined time period (1st Jan 2019 - 7th May 2021). + +[From Valueresearch fund page of Axis Bluechip Direct Growth](https://i.imgur.com/0w70GC2.png) + +Clearly, if someone had invested a lumpsum amount in Axis Bluechip direct growth on 1st Jan 2019; they'd have done better than investing same amount in UTI Nifty Index fund on that same day. No question on that. + +But what if you're more of an SIP investor? Which most average retail investors would be, because of monthly income and investing in the markets. + +An SIP of 10k / month, starting from same 1st Jan 2019 in both funds would behave very differently. + +[SIP in Axis Bluechip Direct Growth is valued at 375,055 INR, at 23.2% p.a.](https://i.imgur.com/l8xXq5o.png) + +[SIP in UTI Nifty Index Direct Growth is valued at 375,211 INR, at 23.3% p.a.](https://i.imgur.com/mOnELDP.png) + +As you can see, for an SIP investor investing in UTI Nifty index fund would've done better than investing in Axis Bluechip direct growth, **even when Axis Bluechip has outperformed UTI Nifty index fund**. + +--- + +**So, you're saying index funds are better?** + +No, not even remotely the point I was making. + +All I'm saying is over same time duration, if asset A beats asset B in point-to-point returns, that doesn't mean investors in asset A would see better returns in their portfolio, than investors in asset B. + +It might often even be the opposite. + +For instance, you could be able to show me situation (a given time period, a set of transactions; where active fund in a portfolio does better than index fund, even when the fund has failed to beat benchmark over same time period) where the opposite is true. + +--- + +**Well, duh! Past performance is not indicative of future performance** + +No, look closely. It's over **same time period**. + +Not different time periods. Same start date, same end date. + +--- + +**You are comparing lumpsum returns vs SIP returns. We know these would be different. What's new about it?** + +Keep reading, it's not just lumpsum vs SIP. Not saying SIP is better or worse. + +All I'm saying is _do not make a guess about SIP returns based on lumpsum returns_ over a given period. Not only these would be different, they might even be opposite. + +--- + +**But what does this mean? Why does this happen?** + +[Take a close look at this diagram](https://i.imgur.com/5IRc0gq.png), of two assets' price movement over a certain period. + +Asset A has beaten Asset B over a certain period of time (between `t0` and `t1` ), but as you know from our discussion above, SIP / DCA investor in asset B would've done better. + +[NOTE: DCA stands for **D**ollar **C**ost **A**veraging. It's _firangi_ version of SIP] + +If you intuitively think about it, asset B gives more opportunities to buy at relatively lower prices. + +But asset A keeps purchase prices higher as well. + +And now, shift the start date from `t0` to closer to (but before) `t1` - you'd see that over this smaller time period, asset B moves up _more_ than asset A. + +Meaning, it outperforms asset A in a smaller time period later down the line, with same end date as before. + +In our example of Axis Bluechip vs UTI Nifty earlier, [if you change start date to 23rd March 2020, it becomes apparent](https://i.imgur.com/njtkvBm.png). + +Notice how the tables have turned! + +To summarize: + +- buy more when asset is undervalued or underperforming another asset +- wait for the asset to start outperforming the other asset + +This is same as saying **asset returns are not portfolio returns**, which is a well known general principle. + +--- + +**So, instead of looking at outperforming funds, should I now start looking at underperforming funds?** + +No, not at all. + +It's not the underperformance that made the asset B better. That's just one part of it. + +It's the subsequent outperformance. + +If anything, this should **not** be taken as a way to make better asset selection. + +Rather look at it as _even when you invest in assets that can outperform another asset and get it right, you might not be seeing any outperformance in your portfolio._ + +The timing math, just got much more complex. + +--- + +**Transaction Pattern** + +Return one would see in their portfolio, would depend on transaction dates, relative amounts in each transaction. + +Just like we compared lumpsum and SIP; we should also look at actual transaction pattern of each investor. + +Most investors won't be running a steady SIP of same fixed amount every month. + +Rather, they would do some of these as well: + +- step up SIP every time their incomes increase +- stop / skip some SIP +- invest more during red days, trying to time the market +- switch to other funds or add new funds + +Each of these, give birth to a new transaction pattern. A set of transactions / cashflows, in a given asset / set of assets. + +It'd be unique to each investor. + +And therefore, the returns they'd be seeing would also be unique to each investor, and **in no way related to the returns next generation of investors would be seeing in the aggregator portals**. + +Next time you're wondering _why is a certain finance blogger holding a dud fund like Quantum Long Term Equity in their portfolio_, entertain the thought that they might be seeing something very different in their portfolio. +Here's the link to that PDF: [Insider Trading Data - Mar'20](https://www.dropbox.com/s/f3lyqap8086wfzs/Insider%20Trade%20Data%20-%20Mar%202020.pdf?dl=0) + +You can notice that most of these companies continued to fall even after 28 days when it was just the start of a bull run. But overall, (till today), most of the companies rallied greatly. + +Someone might argue that every company saw an upswing during this time, but these are the companies in which their promoters believed and invested their own money. + +**What is it and how to read the PDF!** + +* This is a consolidated data of insider trades done within a period (mentioned). +* It shows the intimation date (the date on which the company/promoters intimated NSE/BSE about their transaction) followed by Close column, the closing price on the intimation date. +* The value column shows the total net value (buy-sell) of all the promoters and promoter groups (not including others), followed by number of shares and average buying price by promoters. +* CMP is current market price. +* %Change shows the percent change between the average price and current price. +* Ignore shareholding and pledged as most of them are null or empty. +* Last three columns show the percent change in price after the intimation date (7 days, 14 days, and 28 days) +I've been trading stocks for about 3 months now. I consider myself a total noob and I'm trying to learn how to do stock trading the right way. + +This week I just happened to be at the right place and at the right time when $FAMI went from $0.75 down to 0.29 after the new shares were released. I managed to buy 420 shares at 0.3019 or so. I have no idea what this stock is worth, but I swore to myself that I would play responsibly on this one and take my profit rather than risking a loss because, in case you guys haven't noticed, Farrmi has been on a losing streak for years. So today, when I saw that the stock hit 0.45 and starting dropping, I decided to play a sell order for 0.43. + +Sure, I probably could have made more money if I held it for just a little longer. Who knows that that stock is going to do Monday. But I'm trying to learn responsible trading and I made an easy $60ish or so and I'm pretty proud of myself for playing responsibly. +Author, #1 Amazon trading book Diary of a Professional Commodity Trade, Peter Brandt just twitted it. + +https://twitter.com/PeterLBrandt/status/934165886440701959 +The past few days it’s been non-stop talk of other stocks, unrelated events and lots of misinformation. If I didn’t know better or if I was new to the sub, nothing of use is coming to the front page. + +I think people need to make more of an effort if you’re browsing the sub to downvote irrelevant Shit. + +I think right now, they are trying to prevent FOMO. Everywhere I look on Reddit, there is something negative about our favourite stock. It’s either shilling NFT’s, calling superstonk a cult, trashing the marketplace or just straight up FUD campaigns. + +We all know if we get more enemy’s, we heading the right direction. Just keep DRS and keep buying +Hey there good folks at Reddit! u/bhanugurram and u/shrehith_karkera here, co-founders of Finshots and [Ditto Insurance](https://joinditto.in). Ask us anything! And we'll try our level best to succinctly answer all your queries :) +What makes me especially bullish is that Gamestop is not the normal type of company that he would look at. Which could mean his son Brett Icahn could have been the one to put the idea in front of Carl and Brett is credited to be even sharper than his father by Carl himself. Nonetheless Carl is a master of the universe investor and would not have taken that picture unless he was getting himself involved and he makes no mistakes! + +Nothing has been more the killshot than that picture, these are the last moments. + +Edit: I have always been a quiet ape here so I appreciate that this post has gotten so much feedback. Thank you all, stay zen, and keep those tits jacked to the max till the bell rings +Hello. So my situation is that I have a pretty stable job but also a big mortgage. + +I have 3 to 6 months' cash on hand and with a stretch am able to put $2k per month in shares. + +I really want a thing. If I tell you what it is, you will mock me. It costs $14k. + +How do you decide when to splurge. To get it would mean saving for 7 months and not investing. I kinda feel like it's irresponsible but also, what if I get hit by a truck in a year. + +How do you decide when to splurge? + +Edit. Outdoor LED sauna. SO NICE. I can't even keep my own secrets 😂 +I'm a 14 year old that wants to save for the future. + +I don't have a job or allowance so the best way to save that I thought of was to put €2 away for each €10 I receive. Is this a good idea or is there a better way? + + I still want a good bit of money for other things. I think I'd want about 80% of money I receive to be used for whatever, and the rest to go into savings. + +Edit: I'm posting this at night, may not be active for a while. + +Edit 2: You can tell I posted this at night cause of the typo (I meant € not £) +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) +Hello all, today I present to you a Toronto-based company in the form of Converge Technology Solutions. Before I get started, I just wanted to bring to light a type of bias that may show prevalence. If you have heard of this company before and are already thinking of investing, read the definition of confirmation bias: “tendency to interpret new evidence as confirmation of one's existing beliefs or theories.” Read through the next paragraphs with a neutral mind, free from bias, I present a devil’s advocate argument at the end to subside the rest of the information. Confirmation bias is definitely prevalent on any subreddit, so be careful! + +**Who is Converge Technology Solutions?** + +Best represented by their own description: + +Converge Technology Solutions Corp. is a North American Hybrid IT Solution Provider focused on delivering industry leading solutions and services. Converge’s regional sales and services organizations deliver advanced analytics, cloud, cybersecurity, and managed services offerings to clients across various industries. + +Converge supports these solutions with talent expertise and digital infrastructure offerings across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. + +The company has 71, not to be confused later with 17, Strategic Alliances with software, hardware and general programs that are offered by companies around the globe. Some include: Gold Microsoft Partner, Titanium Dell Technologies Partner, and Advanced Amazon Web Services Partner. + +**Traded on:** + +1. TSX Venture Exchange: CTS.V +2. OTCQX (Highest OTC exchange): CTSDF +3. Frankfurt Stock Exchange: 0ZB + +**Family of Converge Technology Solutions** + +Since October 2017, CTS has acquired 17 companies. This is huge, CTS’s operation seems to be acquiring different IT companies focusing in on Cloud, Cybersecurity, Digital Infrastructure, etc. and forming the companies into an arm of CTS for offering leading-tech solutions in the software industry: + +1. **Corus360** – Cloud, Dad Center, Talent Solutions +2. **Norther** **Micro** – AI & Advanced Analytics, Cybersecurity, Cloud & Edge computing +3. **Becker**\-**Carroll** – Strategy & Planning, Design +4. **KeyInfo** – Computing, Storage & Networking solutions +5. **BlueChipTek** – Hybrid Cloud, Global Logistics, Full Rack Integration +6. **Light** **House** **Computer** **Services** – Analytics, Hybrid Cloud, Infrastructure, Security +7. **SIS** – Managed Cloud, IaaS, Data Protection +8. **NSI** – Data Center, Cloud Security, Enterprise Mobility Solutions +9. **EssexTec** – Cloud, Cognitive, Cyber Security +10. **DataTrend** – Data Center, Cloud +11. **VSS** – Managed Services, Portfolio Management & Services +12. **PCD** – Virtualization & Cloud, BC/DR, Enterprise Architecture +13. **Unique** **Digital** – Infrastructure Implementation & Support +14. **Workgroup** **Connections** – Cloud, Software Development, Licensing, Consulting +15. **Vivvo** – Identity Management, Vivvo Trust Platform +16. **Vicom** – Full-service Multi-cloud infrastructure +17. **CarpeDatum** – Analytics, AI, Performance Management + +**Public Recurring Revenues for each Subsidiary;** + +Found only 6 of their 17 acquisitions: + +1. **EssexTec** – $52 Million +2. **VSS** – $80 million (USD) +3. **Unique** **Digital** – $70 million +4. **Workgroup** **Connections** – $14.7 Million +5. **Vivvo** – $1.85 Million +6. **CarpeDatum** – $6.7 Million + +These acquisitions of substantial revenues will add to the portfolio of CTS; obviously, there are other financial aspects to consider such as EBITDA, Goodwill (synergy, etc.) of each transaction to see if it adds benefits. Other considerations, qualitatively, would be to look at each of the company’s specialty and understand that each one of these 17 acquisitions brings in management experience, growth to the global network, and brand extension. Each one of these acquisitions will feature “A Converge Company” underneath their logo to show their presence within the broader network! + +More info on what each of these companies do can be found here: [https://convergetp.com/portfolio-of-companies/](https://convergetp.com/portfolio-of-companies/) + +**Current Financials:** + +All data is from their most recent filing of 9-months ended September 30, 2020: + +1. **Revenue:** + 1. 39% Increase to $659,242,000 from $473,090,000 (Dec31,2019). + 1. Mostly attributed to by the acquisitions of DataTrend, EssexTec, VSS, and PCD. + 2. Allocation of Revenue: + 1. Where does CTS do most of it’s business? + 2. **Banking & Financial Services** – 21% (Prior Year – 19%) + 3. **Technology** **Companies** – 19% (Prior Year – 17%) + 4. **Government** **Contracts** – 19% (Prior Year – 15%) + 5. **Healthcare** – 16% (Prior Year – 25%) + 6. **Other** – 25% (Prior Year – 24%) +2. **Gross Profit:** + 1. 50% increase to $162,079,000 from $108,234,000 (Dec31,2019). + 1. Increased drastically due to management’s priority to sell high-margin software and cloud services to maximize net income. +3. **Market Capitalization (As of 1/15/2020)** + 1. CAD$ = 870.496M + 2. Price: 6.31. + 3. Outstanding Shares – 168,144,125 (as of 1/15/2021) + 1. As of 9/30/2020 – Approx. 130,000,000. - Increase of almost 40M shares. + 2. This will be addressed in the “Devil’s Advocate” Section. + +**Future Opportunities & Growth** + +As we all know, we as a collective, are in the midst of a global pandemic with most countries currently in lockdown and implementing stay-at-home orders. This improves the case for work-from-home (WFH) becoming more prevalent. This is one of the key growth drivers for Converge Technology Solutions and will continue to be as large companies around the globe have already mentioned to their employees that in the future WFH will be more flexible and even in some cases companies will have closed their offices as they see their efficiency can be matched by working remotely. The recent acquisitions, and the planned acquisitions ahead will drive revenues and bring qualitative benefits for years to come. + +**TSX Up-listing** + +As I previously mentioned, Converge Technology Solutions is currently traded on the TSX Venture Exchange which in basic terms is the junior exchange to the Toronto Stock Exchange (TSX). + +In a news release on November 19th, 2020 the company stated that it has received conditional approval from the TSX to graduate from the TSXV to list the company’s common shares on the TSX. The final approval of the TSX listing is subject to Converge Fulfilling certain standard and customary conditions required by the TSX on or before February 17th 2021. CTS is very confident it will satisfy all the conditions and further communicate to investors about the process. + +This is a large opportunity to take advantage of as institutional investors may start to get on-board with the up-listing as 0.74% of all outstanding shares are being held by institutions. Similarly, insiders hold a relatively high % of outstanding shares at 15.47%. + +Speculation: With the up-listing to the TSX, this may show further opportunity to cross-list their security on any US-exchanges such as NASDAQ, NYSE, etc. + +**Devil’s Advocate** + +In order to subside all the positive information above, I must bring to light something that may concern others moving forward. This topic has to do with **Dilution** and the increasing number of common shares over the past year or so. Public offerings (closing date) include: + +1. **February 20, 2020** – Approx. 6,000,000 shares. +2. **July 31, 2020** – Approx. 10,800,000 shares. + 1. Proceeds: $17.5 million. +3. **September 30, 2020** – Approx. 14,650,000 shares. + 1. Proceeds: $30.0 million. +4. **January 15, 2020** – Approx. 17,825,000 shares. + 1. Proceeds: $86 million. + +In a previous section above, I highlighted the increase in common shares within the Financials section. The company continues to publicly offer shares in order to raise capital to fund its acquisitions. This allows the company to gain cash in order to fulfill its obligations; however, investors may be torn whether to invest or not because when they publicly offer their shares to underwriters, they list a price well below the current market price and this causes people to panic or even scare potential investors away. The increase in the common shares dilutes each individual share so it decreases in value proportionately to how many shares were offered. + +**Summary** + +All in all, with the presented information above, Converge Technology Solutions as a company is a huge buying opportunity for investors to take advantage of, the share price has been on an upward trajectory for the past year and I believe this will continue with the future catalysts of TSX up-listing and future acquisitions. Dilution remains present in the eyes of investors but it’s definitely a growing pain; the funds are actively being used to grow the business and the stock price has never been set back with the constant public offerings. Converge’s growing family network of 17 companies will continue to grow in the near and far future. + +**Disclosure** + +To be fully transparent, I am an active investor in CTS.V on the TSXV. I will not disclose how many shares or the share price in which I acquired my shares but know that I have been adding to my position on dips for the past month, the dips that happened this week I took advantage of and added to my positions confidently. + +Thanks for reading! I really enjoy understanding companies in-depth and being passionate about what I am invested in so know that this post was created out of sheer passion and not for any other gains! Please provide me some feedback on what to include/not to include in my future DD posts, this is my second DD post so check out my profile for the first one! <3 +Hello all, + +I have been working on a bollinger band strategy an was looking to get some feedback on it. I have created this in Tradingview. The strategy is looking for low volatility in price action and then pouncing once price starts to move outside of the bollinger bands. Would love to hear your thoughts on it. I have backtested this strategy on the EURUSD 1 min and 3 min charts. I only have access to the last month or so of data so I would love to hear some results of older backtests if possible. + +&#x200B; + +Enjoy: + +&#x200B; + +[https://www.tradingview.com/script/x6kTAoX5-BOLLY-Bands/](https://www.tradingview.com/script/x6kTAoX5-BOLLY-Bands/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/pb4l03tk06w91.png?width=1496&format=png&auto=webp&s=85fb842f0702d2c5b66ae2ea860f1df4754a10b0 + +https://preview.redd.it/c35zncri06w91.png?width=1495&format=png&auto=webp&s=b65928c0dad04eab2dd562b700320f0455aaf03e +Assuming that it ever was: a relatively low stress job that allows you to live relatively well enough. + +It feels like either you're having to fiercely climb the ladder and work your guts out OR you'll slip through the cracks. So the lack of career stress will be eclipsed by life stress and desperation. + +I guess it depends on your interest and competency within your job, but say I want to work full-time in a music store selling equipment because that's my passion and I have no interest in becoming manager or opening my own store or anything, that might allow me to stay afloat, but how would I be able to finance having kids? + +Also, could you guys recommend any cruisy jobs/careers? +Currently have 100 shares of AMZN which I bought at an average of $118.67. Is this the time now to sell $95p and collect premium? + +I’m assuming the risk with this is, IF it hits this price, & I get assigned, I’ll lose a lot, right? +I have seen people lose everything on stocks and very few people gain a lot too. + +Many people say mutual funds will give handsome returns if invested for a long term. Many financial advisors use SIP calculators say one can earn even 10 crores rupees by investing small amounts regularly for 3 decades. + +Is it true? Do you personally know anyone that became wealthy by investing in Mutual Funds? + + +Edit : Most people are advising me thinking I am looking to become rich quick. Thanks to those people who are advising me and stopping me f making a bad decision. + +What I wanted to know was merely if you guys know someone who became rich through mutual funds. Any personal experience +The main goal for all of us should be pushing people towards using Cryptocurrency. Even if someone starts by buying a coin that you don't like, at least they are entering the market. I first got into the market because of Bitcoin, now I've purchased all sorts of different coins. + +The best way for all of us to succeed is to increase the Cryptocurrency market cap. +There was a shill post this morning trying to sow discontent with the $5m share sale, u/bosh023 hit the nail on the head with his response and its important we all understand what has been laid out.... the user deleted their post to quickly for anyone to really see it or for it to gain traction (while his COMMENT is good the post is getting buried). So here is what u/bosh023 said: + +" If you think it's negative you are mad! Read the prospectus and read it again! This is Amazing!!! It's smart, I mean super smart. It gives provisions for dividend payment via investing the sale proceeds into interest bearing short term securities, those gains are paid as a dividend back to share holders. Also allows new stock class which the company can essentially use to convert common shares to preferred shares which give capital rights to prevent hostile takeover or bust out . Also allows a fractional shares to be issued like a dividend then fractional can be exchanged for whole shares at a later date. Have you got it?....Only evidenced shareholders can be issued with new fractional stock and a treasury receipt, these fractions are fully owned with full rights! HF's will only receive treasury receipt for genuine shares so naked shares have to be purchased or paid for. No treasury receipt = no exchange of new stock. It's the only way it can be exchanged. It's exposures every hidden share...the fucking lot! The combined documents are the real Queens Gambit....every angle is covered, it's the play of a pro. Did Ryan take the easy option to make underhand play that matches HFs low life tactics....No!...He waited and has played the ultimate game that ABSOLUTELY fucks HFs. Best about it, it's on his terms, he says when the extermination button is pressed. It even stops likes of black rock from changing how sale proceeds are used, it's the boards decision. Ryan will be King of Wall Street...Why? Because this is the blue print for EVERY other company being fucked over by shorts, essentially allows a loss making company to issue a dividend that it wouldn't of otherwise been able to do when reporting a current loss. This blue print shows them how to outsmart HFs and take control back! So Kenny you might be the richest but you are certainly not the smartest! RC you rock " +https://www.cnbc.com/2020/09/06/amazon-reviews-thousands-are-fake-heres-how-to-spot-them.html + +Since Amazon's early days, reviews are the one big metric customers have relied on to determine the quality and authenticity of a product. Amazon's listings often have hundreds or thousands of reviews, instead of the handful found on competing marketplaces. But many of those reviews can't be trusted. Thousands of fake reviews have flooded Amazon, Walmart, eBay and others, as sales have skyrocketed. + +The repercussions are getting more serious, too, as shoppers stay home and increasingly turn online for things they'd normally want to shop for in person. In recent months, fake reviews have boosted sales of unsafe products and hurt business for legitimate sellers, causing huge brands to sever ties with Amazon. +https://www.dividendchannel.com/drip-returns-calculator/ + + + +Put in your stock, put a good time horizon such as 10/15 years, click "compare with s&p500', look at the top graph of "With dividends reinvested." + +If your chosen dividend stock outperforms or is at least somewhat competitive with s&p500, then you can ignore the rest and keep browsing. + + +BUT if the blue s&p500 line rockets over your chosen stock line and never comes back to orbit, then it's better to just invest in the s&p500 than your chosen stock. + +"but chillstep, I think that my multi-decade flat line/decreasing dividend stock has a better future than FAANG" + +Good luck with that my friend, and in 10 years from now, that gap would have just gotten bigger. Dividends absolutely play a good part in a balanced portfolio and compound interest is great, but you can't outrun basic math. + +edit: Let me clarify that I am absolutely not against divvy stocks. Divvy stocks can be great based on their total rate of return. What I am talking about is if I plug your particular divvy stock into the calculator, and I see the blue spy line go up and up and up, and your divvy stock just gets demolished in comparison to spy, then there isn't much of a point in investing that in particular stock compared to other better dividend stocks or just buying the sp500. +I am down about 30% + +What's yours and are you looking to average out your positions? + +Mods, if it is not allowed, do tell me. + +If possible do tell your major holdings. + +Mine are ITC, BDL, RIL, HDFC. +Calling on economists smarter than me. + +I work in the finance field and one little tid bit I've used and heard other people use is "GDP growth has to accrue to somewhere, either its going to reflect in corporate earnings, wage growth, or likely some combination of the 2". Now what I'm guessing is that is a slight oversimplification. + +But I also know that when we talk GDP growth we're typically talking about real GDP growth and if inflation is 8.6% then that means we need 8.6% nominal growth to get a real print of 0%. + +So what I can't square is this (and hoping someone can provide much needed color): + +-Wage growth/inflation does not appear to be anywhere near 8.6%. + +-Aggregate corporate earnings growth doesn't appear to be at or in excess of 8.6% + +-The typical financial talking head or financial institution report in the US is still talking about 1/3 or 1/2 risks of recession *a year from now*. + +-We've already had a down gdp growth quarter. + +I've been doing this little equation in my head for months and being like "what 3rd category is getting all of this nominal increase?" or "What do I not understand about how GDP growth is calculated?" 1 thing I never just assumed is that my super simple logic had an answer "maybe we're already in a recession" that is superior to the macro/econ departments at Goldman, UBS, Merrill, etc. + +Any help for me to better understand how the components of GDP such as wage growth and corporate earnings growth reflect in the official GDP print is appreciated. +I’m 22 years old and make 73k a year. I’m 15% of every paycheck into a Roth 401k with a 6% match. My monthly expenses for living come out to around 1500 when considering rent parking utilities. I’m expecting to have multiple promotions in the next 5-8 years which is my time horizon to buy a house. Ideally I’d like to skip the starter home and get my home home around 30 years old. What I’m planning on doing is investing X% of my paycheck into an investment account and buy various etf / mutual funds in order to save up for a down payment. I’m curious if anyone has additional ideals / advice. Thanks! +Is it too risky if I wish to invest in VOO and hold it for at least 15-20 years without any change of strategies? I am a big believer in passive index investment. What would be a better strategy that is relevant to my age? +&#x200B; + +https://preview.redd.it/v2cwv7i0dl571.png?width=1600&format=png&auto=webp&s=7a0314497ec2f2be33fa6e4963c2578debac0bcd + +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/uljellh2dl571.png?width=680&format=png&auto=webp&s=69b1bc04b2df95353f08ccd90dd041153d859223 + +The Reverse repos + +&#x200B; + +https://preview.redd.it/zyzn29f9dl571.png?width=640&format=png&auto=webp&s=73d7dfef856590820243365d4070db0278802085 + +509 billion, not the ATH we've seen before but back to the levels of... well last week. + +[ made by u\/JTH1 ](https://preview.redd.it/fs1wy7andl571.png?width=8226&format=png&auto=webp&s=1ccba8adeac1adf0951be9bb358fb2a4f64b661d) + +&#x200B; + +https://preview.redd.it/jt1fu6wwdl571.png?width=828&format=png&auto=webp&s=b98063b9f316d2893ba51862d7e30e97e3a6d1b0 + +Obv still rising even though we have a "dip" thanks to u/*Badtothebone* + +&#x200B; + +Also it seems we may have broke this guy + +[https://www.youtube.com/watch?v=ZB\_jobcKY5Y&ab\_channel=RichIrvin](https://www.youtube.com/watch?v=ZB_jobcKY5Y&ab_channel=RichIrvin) + +&#x200B; + +https://reddit.com/link/o10ltc/video/xbx2z7hhel571/player + +# Bloomberg terminal drop! + +&#x200B; + +https://preview.redd.it/gufkwttlel571.png?width=1916&format=png&auto=webp&s=c0b369e53623b249ea45d46ab0f31a97b9dd0277 + +[https://www.reddit.com/r/Superstonk/comments/o0ogwo/15062021\_gme\_bloomberg\_terminal\_information/](https://www.reddit.com/r/Superstonk/comments/o0ogwo/15062021_gme_bloomberg_terminal_information/) + +&#x200B; + +https://preview.redd.it/txrhw6eoel571.png?width=975&format=png&auto=webp&s=4fac22643240643f3c2e1789bcaabe75f13a5995 + +&#x200B; + +https://preview.redd.it/ol2oxseefl571.png?width=640&format=png&auto=webp&s=36e2ba970b1edbd76733d320d74c233c22a43c53 + +# The 005 + +I've been seeing a lot of things involving the 005, but remember this dropped late last night, so give it some time, just like last time we see a lot of oh "OH NO" reactions with a data dump, but give it time and we can analyse what the document says and in what way. + +If you've offered your feedback to the 005 on their site, do know that your email is now public, there has been a thread made [here](https://www.reddit.com/r/Superstonk/comments/o0n8li/apes_who_wrote_regarding_the_rule_005_your_email/) give it a read to make sure all your data is secure. + +the most important thing is, we can let gamgam out of the cage again + +&#x200B; + +https://preview.redd.it/o9y9an69fl571.png?width=960&format=png&auto=webp&s=13f77ff195afd18479e355649db5b37849ed445f + +# The SEC meeting + +SEC Announces Annual Regulatory Agenda "Transparency around stock buybacks, short sale disclosure, securities-based swaps ownership, and the stock loan market" + +[https://www.sec.gov/news/press-release/2021-99](https://www.sec.gov/news/press-release/2021-99) + +&#x200B; + +And per final I'd like to close with this, Detective u/buttfarm69 made this statement and I couldn't agree more, no matter what happens we are all individuals, no leaders no nothing. + +I like the stock + +&#x200B; + +https://preview.redd.it/odqlk42bgl571.png?width=640&format=png&auto=webp&s=d7008c557b49346040f4cae0d61754a4ed60fa0e + +&#x200B; + +https://preview.redd.it/kko6lrndgl571.png?width=554&format=png&auto=webp&s=bf644c020e9c50b8a82594fddc6f587c129af408 + +# 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/8n15yn4hgl571.png?width=400&format=png&auto=webp&s=4ae759ff46c04f80d70d8f8b0a5d16a0fab76f76 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +(p.s. yes I'm aware that today there isn't a lot of stuff but I'm neck deep in researching stuff) + +Edit 1: + +u/Criand made a DD in [this thread](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) + +it goes over the fact that we are currently facing the same exact problems we faced in 2008 but in a much greater magnitude, aka The BIGGER short. + +Edit 2: + +[AnnihilationGod](https://twitter.com/Annihil4tionGod) was kind enough to analyse the traffic once more! + +&#x200B; + +https://preview.redd.it/07uuc3aujl571.png?width=4096&format=png&auto=webp&s=dd1a98fef302ce0f588eca34c83b102327980ec3 + +Edit 3: + +Thanks to ape AndyLeeck, he found out that Citadel Luxembourg has been dissolved effective Apr/30/2021 + +source: [https://gd.lu/resa/2mng1G](https://t.co/ta7pTq0Ij6?amp=1) + +https://preview.redd.it/wm7udo27ll571.png?width=828&format=png&auto=webp&s=36e2584d41113b847e459ed6cdd4c666000631db + +&#x200B; + +https://preview.redd.it/pvxnsv08ll571.png?width=828&format=png&auto=webp&s=2f880a720b75f78e9d46c0cdd49a0a999c7fae53 + +&#x200B; +I just finished reading Free to Choose by Milton Friedman, and over this past summer I read Capitalism and Freedom. What are modern economist's critiques of Milton Friedman, and his ideas in his books? + +Also, what other books should I read as a college freshman who wants to learn more about economics? I already took AP Macro Economics and am currently enrolled in an introductory microeconomics course right now. I've already read The Wealth of Nations by Adam Smith. +Hold for yourself, hold for your family but remember the single digit apes and small quantity holders. Do it for every one of them. No ape left behind. + +Holding 42, hopefully 45 after this week. Generational transformations for all. + +EDIT: Holy wow! This blew up, thank you all for the awards and great commentary! So pumped to be a part of this community. Holding like I’ve only got one share, for each and every one of you. Let’s change the world 💎🙌🏻 +Was your first property and investment property or a first home? + +Has anyone bought their first investment property outside of their current state? + +I dont own a home and I've been looking into purchasing an investment property. I'm getting a lot of backlash from realtors telling me its a bad decision. + +I currently have a stable rent situation and I know my landlord personally. +&#x200B; + +https://preview.redd.it/nep79owacm471.jpg?width=225&format=pjpg&auto=webp&s=3cca985daeb2c3eaf586b39dcb91e16d71fdbd89 + +&#x200B; + +u/CreamyChickenCock posted a really interesting thread [here](https://www.reddit.com/r/options/comments/nwvxr4/gme_recieved_a_90000000_premium_purchase_on_the/) which is worth reading in its entireity. + +Highlights: + +\- price action is "mind blowing" (in an odd way) + +\- drop may have been due to the share offering ("buckle up" theory) + +\- "The price action is totally insane. If the shorts covered in January how is this still happening? Are they hiding their short positions with deep in the money puts? Is that possible?" answered in our numerous DDs + +\- " Funny thing is when the media down plays the seriousness of GameStop and then you see someone drop 90mill on puts. If this was just some penny meme stock, there would be no completely public searchable information showing how hard shitadel and others have been manipulating the hell out the value. Yet fraud news agencies are not investigating. I feel like “the news” used to do detective work, journalism... for the people. Now they lie and harm people. " + +&#x200B; + +\- drop may be due to shorters closing their positions (300k shares) from earlier in the week + +&#x200B; + +\- " If you're at the same time a hedge fund and a market maker, you can play options by shuffling money on the books to "force" your MM arm to make plays to stay delta neutral and get the desired price movements. Normally that would be incredibly expensive and not realistic, but if you're just shifting pretend monetary obligations between two wings of the same company, it's effectively free. Welcome to your free and fair market. + +Edit: If you want a market maker to use his legal ability to naked short what might you do? Force him to sell to stay delta neutral? Oh neat what would you do? Buy a shit ton of itm puts so he's "forced" to sell a shit ton of shares naked as he is "required" to do to stay delta neutral? Oh shit that would be super expensive..... Unless you're a hedge fund AND a market maker." No idea who this could be referring to.... + +&#x200B; + +The Hedgies are running out of options (literally) to cover themselves. As usual there is NOTHING from the mainstream media to report on this. + +Research is solid, jet is fuelling. **Buckle the fuck up fellow apes!** +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/) +Good Morning Everyone! + +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! +After doing some research, etfs that interest me are VFV, VXUS, EDGE, HXT, QCLN, QQQ, XEQT and XQQ and XWD. + +I have been told to diversify but put the majority of my money into world economy, then us then canada with other etfs to cover the tech, equity, green energy etc. + +What are your thoughts on this? + +Is this too many etfs to hold in one portfolio because they carry some of the same companies anyways and Im going to be paying too much in MER? + +Would it be better if I did more research and bought individual stocks? + +I have a good steady income and I am planning on keeping this money for retirement. + +I have an additional savings account as Im trying to save up for a down payment on an apartment or house (big dream I know) + +Any advice is appreciated! + +Thank-you +It’s literally at COVID crash lows - marvel is now huge. Disney plus losing some money but long term should be fine? Disneyland raking in money - plus more cash to flow from Shanghai Disney world once China went over the COVID disaster? + +I’m waiting for another drop to start wheeling it. What do you think? + +After more than 4 months of researching and DD. + +We need a serious change. + +The DTCC needs to disappear: No more private owned (by the elite and 1%) self regulated institution full of greed and corruption taking advantage of businesses and retail. + +No more IOU’s: No more virtual assets or imaginary shares. Back to physical or completely transparent system, if you buy something you own something and can claim it anytime, no more middleman holding assets forever. + +SEC needs a reform: Real reform and real power fully transparent and fair. No more going on favor of banks approving rules favoring them and giving exceptions to favor them. They need to be fair and partial to keep a healthy market and economy. + +Blockchain system: a completely transparent, honest and fair system that favors all parties in a win-win-win scenario, honest with no massive gambling bets and simple. If the company grows then the owners or the company benefit, if the company is in trouble and is going bad so is the stock. + +Wealth distribution: The money the DTCC (elite and big money) has been stealing and taking from businesses and retail for years needs to come back to the people they disrupt for so long, all the jobs, houses, struggles, technology lost and advancements everyone lost because of that elite greed and control needs to be paid. + +It’s time, we need to wake up and make this world a better place. Enough is enough. + +No financial advice, this is what needs to be done so we can recover as society and have a better world. Starting from the economy. + +Edit: The saddest things about this whole situation is, we are being fucked by the middle man. This middle man are banks and big money that control and bought the government. + +They are taking advantage of the transactions when all we want to do is support businesses and markets and at the same time benefiting for that support and help. + +Edit: video worth to watch https://www.youtube.com/watch?t=10&v=Kpyhnmd-ZbU&feature=youtu.be + +They never learn… +I have to make this a teaser post for the real DD or my wife is actually going to leave with her boyfriend, but I think I found more evidence of options fuckery from the infamous January sneeze! + +I'll be the first to admit that I'm no expert on Options contracts. I'm just a data donkey digging into some sketchy data that doesn't make any sense. + +&#x200B; + +This post dives a little deeper into some of the content covered in [This OTM Puts post](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) by u/Criand from July 19th. + +Also, a big shout out to u/Yelyah2 for compiling all the GME Options data. She pulls the data from [https://www.historicaloptiondata.com/](https://www.historicaloptiondata.com/). You'll see some colorful screenshots of her data below. + +&#x200B; + +[Here's a link to my first post about the tens of millions of Puts purchased on 1/27](https://www.reddit.com/r/Superstonk/comments/p9ma8x/tens_of_millions_of_worthless_otm_puts_were/). + +Like many other aspects of the Yahoo Finance data, I had to change my VPN location multiple times in order to get all the data I needed. They're actively filtering this data.... + +# I'll start with the juiciest: $0.50 Puts that expire 1/21/2022. + +Current Open Interest for January 2022 = **359,152** ([http://maximum-pain.com/options/GME](http://maximum-pain.com/options/GME)) + +&#x200B; + +**$0.50 Puts** + +Over 12 million options contract volume for $0.50 Puts that expire January 21,2022. Yet the Options Volume for all strike prices for 1/27 was **1,186,681** and the Open Interest for 1/27 only increased by **264,731.** These Puts are not reported in the Options Volume data or current Open Interest data. + +[ 12.04 million Puts purchased 1\/27 - Shitadel - Wut doing? ](https://preview.redd.it/79gljwwbnbr71.png?width=1704&format=png&auto=webp&s=544012e426e33cc4982a4591b41cd1622bce3cc7) + +And here's a link to the data so you can have a look for yourself: [Yahoo Finance GME $0.50 Puts](https://finance.yahoo.com/chart/GME220121P00000500#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) + +But that's not the only anomaly... + +**$1.00 Puts** + +[1.3 million puts!](https://preview.redd.it/nldcbxk4tbr71.png?width=1239&format=png&auto=webp&s=e471ded22a2868affd71ae38e23b567e2eec26e1) + +[Link to $1.00 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00001000/chart?p=GME220121P00001000#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). + +**What about $1.50 Puts?** + +[Over 57,180 Puts!](https://preview.redd.it/zga8lz0wrbr71.png?width=1262&format=png&auto=webp&s=e1302be5bb8693cb5cc7e65278804e25613c17be) + +[Link to the $1.50 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00001500/chart?p=GME220121P00001500#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--). + +$2.00 Puts + +[Over 491,320 Puts!](https://preview.redd.it/suouuo7evbr71.png?width=1236&format=png&auto=webp&s=61f3051c271d3668749be9995a0c1b1cc036dbb6) + +[Link to the $2.00 Puts (Yahoo Finance)](https://finance.yahoo.com/quote/GME220121P00002000/chart?p=GME220121P00002000#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-). + +$2.50 Puts + +[Over 58,760 Puts!](https://preview.redd.it/kq4f9s76sbr71.png?width=1244&format=png&auto=webp&s=fb94207017ccfbbe4f989892ac7d46644b23428a) + +[Link to Yahoo data for $2.50 Puts](https://finance.yahoo.com/quote/GME220121P00001500/chart?p=GME220121P00001500#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--). + +$3.00 Puts + +[Over 278,450 Puts!](https://preview.redd.it/1wi5megtxbr71.png?width=1232&format=png&auto=webp&s=3a8ddfc8b6b7989df83fc1cdc2257e4906071cf9) + +[Link to $3.00 Puts (Yahoo Finance).](https://finance.yahoo.com/quote/GME220121P00003000/chart?p=GME220121P00003000#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) + +&#x200B; + +That's a lot of Puts... why is the Open Interest only 359,000, including all Calls and Puts for all strike prices? + +# What about January 2023 Puts? + +Total OI for January 2023 is approximately 84,783. + +&#x200B; + +$2.00 Puts January 2023 + +[1.72 million purchased on 1\/27!](https://preview.redd.it/35vq7p63ybr71.png?width=1269&format=png&auto=webp&s=2c9a9a84c00901ab04e491201b26923b3befbcd1) + +$3.00 Puts January 2023 + +https://preview.redd.it/5iyunzu6ybr71.png?width=1285&format=png&auto=webp&s=93f63dc2fda0d5941223dbf3205caabf66b50bc8 + +I took a small sample of way out-of-the-money (OOM) Put options expiring January 2022 or January 2023. I found this sample using the Options volume data on Yahoo Finance. + +I also used u/yelyah2's awesome Options Data, which I hadn't seen until this weekend. Here's a link to her data and here are the screenshots I used for my calculations: [Options Volume Data](https://www.reddit.com/r/Superstonk/comments/mvqxep/with_all_this_talk_about_low_volume_wanted_to/): + +[ 12\/24\/2020 - 2\/24\/2021 ](https://preview.redd.it/83die562nbr71.png?width=1584&format=png&auto=webp&s=a8e37bec34aae8d5045b26b69bdd67c0a842dac0) + +[ 2\/23\/2021 - 4\/21\/2021 ](https://preview.redd.it/d4kkmlizmbr71.png?width=1579&format=png&auto=webp&s=41b770b7851049384a22f65b9b5e17537fda72e0) + +Here's my updated data. I still have more to fill in, but wanted to get this out before the start of the week and generate some discussion so that we can figure out why these Missing Puts are not reported on the Open Interest or Daily Volume. + +I used 15 different strike prices for way OOM Puts (less than $20) expiring January 2022 and January 2023 and added up the Yahoo reported volume for each day. I then compared that to the Total GME Call volume and Put volume, compiled by u/Yelyah2 . I subtracted the volume and the change in OI from the Sample volume, and came up with the Missing Puts. The actual number will be much higher than my calculations, as I only took data from 15 strikes and the volume data includes all GME strike prices for all dates purchased that day (i.e. it includes February weeklies, July monthly, etc.). + +[Check out that volume in Deep Out-Of-The-Money Puts purchased on 1\/27!](https://preview.redd.it/ah0bv7pxkbr71.png?width=1718&format=png&auto=webp&s=b0c824fd37edaf329ef0fe037b8acc62db3cb77d) + +Let's go back to u/broccaaa 's awesome chart showing Suspicious Deep ITM call volumes from January 27th. This is evidence of 110 million synthetic shares being created out of thin air, right as Citadel told RH to turn off the Buy button. + +https://preview.redd.it/4lgm23a32br71.png?width=1712&format=png&auto=webp&s=9ac01e8995c83d99ef2803348b508128d72c2f87 + +This is the same time when 1.1 million Puts were purchased and showed up in the Open Interest data. But these only included the reported Puts Open Interest. Where are the millions of unreported Puts for deep out of the money strikes in January 2022 and January 2023? + +https://preview.redd.it/vzkd3l172br71.png?width=1716&format=png&auto=webp&s=8961dfd8bc4f69b4db5314897825799e4590c3cb + +As u/Criand explained, this was likely used to reduce the reported Short Interest before February 12th Short interest report date using Buy-Write trades. She u/Criand's awesome DD putting it all together in the [Theory of Everything post](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/): + +[ \\"Rough Calculation of SI Dropping Based On ITM CALLs\\"](https://preview.redd.it/rnwyhavhlbr71.png?width=2030&format=png&auto=webp&s=3a2646ee7b9cafd7c5dbfada26a0695735b5de24) + +&#x200B; + +# Let's look back in time to October 2020 + +Here's the 2020 GME Daily volume. As you can see, in back to back days in October, we had almost twice the next highest daily volume of 2020. Yet the price barely moves. It's almost as though these shares were purchased Off-Exchange. + +[77 million in volume in back to back October days](https://preview.redd.it/zvj4yu2pobr71.png?width=1769&format=png&auto=webp&s=a7d15f125bd8cb3702a002a0b1b80eb77a1db85b) + +&#x200B; + +That sure seems to correspond with the "reduction" in FTDs on that were piling up in October 2020, also from the [OTM Puts post](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) by u/Criand: + +[ FTDs October 2020 to January 2021](https://preview.redd.it/u8scf95sobr71.png?width=2195&format=png&auto=webp&s=91a9a010135ab7fbcf1065b80a3d2f1f75049986) + +As u/Criand states in his post: + +"...there is a spike of FTDs reaching 3,000,000 aggregate around October 12th. By October 13th, the FTDs dropped to around 1,000,000. By October 15th, FTDs dropped to a meager 40,000." + +Well look at these January 2023 $3.00 Puts + +[21,400 $3.00 Puts for January 2023](https://preview.redd.it/yaryi1mh1cr71.png?width=1239&format=png&auto=webp&s=e13d3327b27c942684bf6a67df566a6050d32838) + +And look at these $5.00 Puts for January 2023... + +[Over 12,350 Puts purchased on 10\/8](https://preview.redd.it/5j53ntw21cr71.png?width=1250&format=png&auto=webp&s=df4c76dba9ead72d1447e34bd2aacfa32da827ad) + +If you take these 2 options strikes and add up 10/8 and 10/9, you get 49,080 contracts which are equivalent to 4,908,000 shares. + +Is that how they knocked off over 3 million FTDs? + +&#x200B; + +[As you can see, over 50&#37; of that volume was traded OTC or ATS](https://preview.redd.it/dokbtpzb4cr71.png?width=1463&format=png&auto=webp&s=1477b22970c82e2f2c8a3ff3df3a4af202022d62) + +&#x200B; + +# So here's the Summary Table: + +[Check out that volume in Deep Out-Of-The-Money Puts purchased on 1\/27!](https://preview.redd.it/ah0bv7pxkbr71.png?width=1718&format=png&auto=webp&s=b0c824fd37edaf329ef0fe037b8acc62db3cb77d) + +# TLDR and Unanswered Questions: + +1. Using the chart above, why does a majority of the options Call and Put Volume not directly add to the Open Interest? Are these contracts executed right away? As u/Criand hypothesized, as Buy-Write Trades or options fuckery to produce synthetic shares? +2. Why do these **15 strike prices** for **January 2022 and January 2023** show over **17 million** in **unreported Puts volume** was purchased on **January 27th** \- the day in question between Robinhood and Citadel? +3. Hopefully more to come... +4. Buy, HODL, DRS, and Buckle Up! +So my wife and daughter went shopping for back-to-school clothes this weekend and were surprised by what we all already knew; the dwindling selection and seemingly obvious signs of mass brick-and-mortar closures. + +This got me thinking about the future of retail beyond the obvious migration to online, and wondering if we also see consolidation inside stores like Target, Walmart, Kohl’s, etc... for those higher-end brands which historically have had their own stores / curated retail experience. + +Putting this out there to see what you all think and if anyone else have been thinking about this beyond the obvious? +I earn around 100k a year and have saved enough to put down a 20% downpayment for a 800k property. Except I don't really feel as though I want to make a purchase given what it'll get me. + +800k is enough to get me a two to three decade old two bedder in the inner city suburbs. That's about it. No house and no backyard. Place will be okay by myself but god forbid if I want kids or a larger dog - suddenly everything will be way too cramped. I can buy something further away from the CBD - sure - but my company doesn't do WfH and even places that are 30-40 minutes down the train line aren't that much cheaper...especially if you want a suburb which is relatively safe and modern. + +Its just...not worth it I feel. Don't get me wrong - Sydney is a big city in a developed country. But its not exactly NYC or London - yet the house prices are comparable. Why is that? I just feel its not worth it to get myself into a 20-30 year loan for a property that is most likely older than I am. Like you save and you scrooge and you work your butt off but what do you have to show for it? + +I don't know - the whole thing makes me depressed. +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) +In 2004 a man bought every share in existence of a company on the OTC [article](https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist) (he actually bought >100k more than existed actually) the next day the company traded 37M shares then 22M shares (entire float was 1M which he owned every share of). The SEC is not coming to save you, the DTCC is complicit, MM and hedge funds have buddies in the government who are paid shills. + +I saw this case referenced recently and someone had asked if locking the float was even enough. Even if MM continue their fuckery and trade 8M shares the day after the float is locked then what? This would be cause for GameStope to officially announce a share recall (please see my edit below recalls can only be done by the lender of the shares). “when the stock is recalled and the short position is closed by force, the shares leave the on-loan set and the lending pool simultaneously, i.e. the recalled shares are not recorded as being available for further borrowing but are returned to the ultimate owner.” So shorts are forced to close when a recall occurs, at this point in time the “official” short % is 25% which everyone knows is bullshit, but out of curiosity I looked into cases where naked shorts were forced to close. + +I looked into the naked shorting and came across an article about knight capital a market maker who was suspected to been involved in naked shorting. They traded stocks on the DTC’s “chill list” which essentially are stocks that the DTC deems to have high levels of fuckery ($GME anybody?). Even if the shorts are naked MM’s do not have the exemption to never deliver, typically you’re given an IOU in your brokerage (DRS!!!) which allows the MM to continue driving the price down before delivering your shares for a fraction of the cost. + +However knight capital took advantage of a system called the “obligation warehouse” which circumvents the DTC and facilitates self cleared trades (sounds like some fuckery). “The Obligation Warehouse instead simply asks the buyer and seller of these ex-cleared trades if they “know” the transaction. If they both agree, the trade gets confirmed with a journal entry — and the buyer receives their stock purchase. It actually shows up in the buyer’s brokerage account. The trades still have active IOUs, but according to DiIorio’s theory, buyers wouldn’t clamor for the trades to be closed because they would’ve already received their purchase.” + +The article states this creates a sort of shadow clearing system which is never made public. The article also admits that this level of fuckery is extremely common due to the SEC having too much on their plate. Imagine you and your wife had 35,000 kids some of them would likely be put on the back burner and ignored to take care of others. Reverse mergers seem like a huge benefit to naked shorts as they no longer can close these shorts (thankfully GME isn’t trying this) as the CUSIP # changes which is a unique ID # assigned to a public stock. + +“If DiIorio was correct, Knight was driving penny stocks down over and over again with naked shorting, then not actually closing the trades, and racking up enormous paper liabilities.” Link to article: [naked shorting](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/)This last bit is telling. + +Tl;dr Hedgies never intended to close their shorts at all, but apes found the loophole, DRS. A share dividend can force shorts to be recalled in order to provide proof of ownership through the share dividend. The naked shorts are still linked to the CUSIP# and therefore will also have to be closed as well. + +Edit: as someone has pointed out it’s up to lenders to recall the shares, the company can request but be denied by the lender. When shares are lent they can not vote with those shares (runups prior to quarterly meetings). However a dividend could “force” lenders to recall shares as with no proof of ownership they may lose out on that dividend. + +Edit2: Some people pointed this out as FUD, my intentions were not to create any uncertainty. My point was more or less that in this instance the owner of the shares did not DRS which in turn did not allow him to show evidence of ownership but rather IOU’s (he couldn’t prove he owned all shares in existence). Moral of the story DRS good IOU’s bad, be your own savior. Luckily we’ve got a GOAT of a chairman on our team this time around unlike in this case. +The rep on the phone sounded frazzled during the call + +~The service agreement with rbc states it has to be done in 7 days. + +~Are you holding real shares for me? Or just a contract for difference? + +~Can I please have the name and direct number for the head of the fulfilment Center? +I’d like you to transfer me because I don’t think you are in compliance with the law stating you need to acquire and hold the securities that I paid for. + +Good luck apes + +I am now talking to another guy at direct investing. He’s now telling me my shares are now sitting waiting for computershare to grab them. 🤷🏼‍♂️. And tips to push this guys. It sounded like a deflection. +I'm curious to hear from others who've seen their expenses reduce after FIRE or have calculated the "Cost of Working" as a percentage of their Cost of Living. + +I've seen a few articles about parents who cannot afford to work due to [childcare](https://www.theatlantic.com/family/archive/2020/01/working-afford-child-care-so-you-can-work/605206/), and while I'm childfree I've started wondering how much of my expenses are actually due to work itself. + +When covid hit, I began living out of short term rentals. In order to work I need very high quality internet. And honestly in order to focus all day I need a pretty decent work environment. I also find that I end up paying for convenience so much more with a long stressful work week. If I were not working I might #vanlife or similar.. I can be very happy with a cell phone and basic connectivity. + +At least with Covid, I only need one "zoom meeting shirt" rather than a pile of dress clothes. With an informed guess, I think maybe I see 15-25% of my monthly budget that is really due to a Cost of Working. + +So, back to the top: I'd love to hear from others who've seen their expenses reduce after FIRE or have calculated the "Cost of Working" as a percentage of their Cost of Living. +I am putting together my investment portfolio for 2018 and made a complete summary of the current Top 100. Interestingly, I noticed that all coins can be categorized into 12 markets. Which markets do you think will play the biggest role in the coming year? + +Here is a complete overview of all coins in an excel sheet including name, a full description, market, TPS, risk profile, time since launch (negative numbers mean that they are launching that many months in the future) and market cap. You can also sort by all of these fields of course. Coins written in bold are the strongest contenders within their market either due to having the best technology or having a small market cap and still excellent technology and potential. https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=0 + +The 12 markets are + +1. Currency 13 coins +2. Platform 25 coins +3. Ecosystem 7 coins +4. Privacy 11 coins +6. Currency Exchange Tool 8 coins +7. Gaming & Gambling 5 coins +5. Misc 15 coins +8. Social Network 4 coins +9. Fee Token 3 coins +10. Decentralized Data Storage 4 coins +11. Cloud Computing 3 coins +12. Stable Coin 2 coins + +####**Foreword** +Before we look at the individual markets, we need to take a look of the overall market and its biggest issue, scalability, first: + +Cryptocurrencies aim to be a decentralized currency that can be used worldwide. Their goal is to replace dollar, Euro, Yen, all FIAT currencies globally. The coin that will achieve that will be worth several trillion dollars. + +Bitcoin can only process 7 transactions per second (TPS) currently. In order to replace all FIAT, it would need to perform at least at VISA levels, which usually processes around 3,000 TPS, up to 25,000 TPS during peak times and a maximum of 64,000 TPS. That means that this cryptocurrency would need to be able to perform at least several thousand TPS. However, a ground breaking technology should not look at current technology to set a goal for its use, i.e. estimating the number of emails sent in 1990 based on the number of faxes sent wasn’t a good estimate. + +For that reason, 10,000 TPS is the absolute baseline for a cryptocurrency that wants to replace FIAT. This brings me to IOTA, which wants to connect all 80 billion IoT devices that are expected to exist by 2025, which constantly communicate with each other, possibly creating 80 billion or more transactions per second. This is the benchmark that cryptocurrencies should be aiming for. Currently, 8 billion devices are connected to the Internet. + +With its Lightning network recently launched, Bitcoin is realistically looking at 50,000 possible TPS soon. Other notable cryptocurrencies besides IOTA and Bitcoin are Nano with 7,000 TPS already tested, Dash with several billion TPS possible with Masternodes, Neo, LISK and RHOC with 100,000 TPS by 2020, Ripple with 50,000 TPS, Ethereum with 10,000 TPS with Sharding. + +However, it needs to be said that scalability usually goes at the cost of decentralization and security. So, it needs to be seen, which of these technologies can prove themselves decentralized while maintaining high TPS. + +Without further ado, here are the coins of the first market. Each market is sorted by market cap. + +##Market 1 - Currency: + +1. Bitcoin +2. Ripple +3. Bitcoin Cash +4. Litecoin +5. IOTA +6. Dash +6. Nano +9. Decred +14. Bitcoin Atom +15. Dogecoin +16. Bitcoin Gold +17. Digibyte +19. Bitcoin Diamond + +##Market 2 - Platform +Most of the cryptos here have smart contracts and allow dapps (Decentralized apps) to be build on their platform and to use their token as an exchange of value between dapp services. + +1. Ethereum +2. EOS +3. Cardano +4. VeChain +5. Neo +6. Aeternity +8. Stellar +18. Ethereum classic +11. Ziliqa +6. QTUM +7. Icon +8. LISK +9. Rchain +10. ARDR +11. Ark +11. Ontology +12. Bytom +13. Nxt +14. Stratis +15. Status +17. Neblio +18. NEM +19. Bancor +20. Dragonchain +7. Skycoin + +##Market 3 - Ecosystem +The 3rd market with 11 coins is comprised of ecosystem coins, which aim to strengthen the ease of use within the crypto space through decentralized exchanges, open standards for apps and more + +1. Nebulas +2. Waves +3. Salt +4. CHAINLINK +6. WTC +7. Ethos +9. Aion + +##Market 4 - Privacy +The 4th market are privacy coins. As you might know, Bitcoin is not anonymous. If the IRS or any other party asks an exchange who is the identity behind a specific Bitcoin address, they know who you are and can track back almost all of the Bitcoin transactions you have ever made and all your account balances. Privacy coins aim to prevent exactly that through address fungability, which changes addresses constantly, IP obfuscation and more. There are 2 types of privacy coins, one with completely privacy and one with optional privacy. Optional Privacy coins like Dash and Nav have the advantage of more user friendliness over completely privacy coins such as Monero and Enigma. However, the question is if full privacy coins will be hindered in growth through government regulations or not or if optional privacy coins will become more successful through ease of use and no regulatory hindrance. + + +1. Monero +3. Zcash +4. Verge +5. Bytecoin +6. Bitcoin Private +6. Komodo +7. PIVX +8. Zcoin +9. Enigma +10. Navcoin +13. Tenx + +##Market 5 - Currency Exchange Tool +Due to the sheer number of different cryptocurrencies, exchanging one currency for the other it still cumbersome. Further, merchants don’t want to deal with overcluttered options of accepting cryptocurrencies. This is where exchange tool like Req come in, which allow easy and simple exchange of currencies. + +1. Cryptonex +2. QASH +3. Kyber +4. Achain +5. Req +6. Bitshares. +5. Loopring +8. ZRX + +##Market 6 - Gaming +With an industry size of $108B worldwide, Gaming is one of the largest markets in the world. For sure, cryptocurrencies will want to have a share of that pie. + +1. Storm +2. Fun +4. Electroneum +5. Wax + +##Market 7 - Misc +There are various markets being tapped right now. They are all summed up under misc. + +1. OMG +2. Power ledger +3. Populous +4. Monacoin +5. Revain +3. Augur +6. Substratum +7. Veritaseum +8. TRON +9. Syscoin +10. Hshare +11. BAT +12. Dent +13. Ncash +14. Factom + +##Market 8 - Social network +Web 2.0 is still going strong and Web 3.0 is not going to ignore it. There are several gaming tokens already out there and a few with decent traction already, such as Steem, which is Reddit with voting through money is a very interesting one. + +1. Mithril +2. Steem +3. Rdd +12. Kin + +##Market 9 - Fee token +Popular exchanges realized that they can make a few billion dollars more by launching their own token. Owning these tokens gives you a reduction of trading fees. Very handy and BNB (Binance Coin) has been one of the most resilient tokens, which have withstood most market drops over the last weeks and was among the very few coins that could show growth. + +1. BNB +2. Gas +3. Kucoin + +##Market 10 - Decentralized Data Storage +Currently, data storage happens with large companies or data centers that are prone to failure or losing data. Decentralized data storage makes loss of data almost impossible by distributing your files to numerous clients that hold tiny pieces of your data. Remember Torrents? Torrents use a peer-to-peer network. It is similar to that. Many users maintain copies of the same file, when someone wants a copy of that file, they send a request to the peer-to-peer network., users who have the file, known as seeds, send fragments of the file to the requester., he requester receives many fragments from many different seeds, and the torrent software recompiles these fragments to form the original file. + +1. Gbyte +2. Siacoin +3. Maidsafecoin +4. Storj + +##Market 11 - Cloud computing +Obviously, renting computing power, one of the biggest emerging markets as of recent years, e.g. AWS and Digital Ocean, is also a service, which can be bought and managed via the blockchain. + +1. Golem +2. Elf + +##Market 12 - Stablecoin +Last but not least, there are 3 stablecoins that have established themselves within the market. A stable coin is a coin that wants to be independent of the volatility of the crypto markets. This has worked out pretty well for Maker and DGD, accomplished through a carefully diversified currency fund and backing of each token with 1g of real gold respectively. DO NOT CONFUSE DGD AND MAKER with their STABLE COINS DGX and DAI. DGD and MAKER are volatile, because they are the companies of DGX and DAI. DGX and DAI are the stable coins. + +1. DGD +2. Maker +10. USDT + +_________________________________________ +EDIT: Added a risk factor from 0 to 10. The baseline is 2 for any crypto. Significant scandals, mishaps, shady practices, questionable technology, increase the risk factor. Not having a product yet automatically means a risk factor of 6. Strong adoption and thus strong scrutiny or positive community lower the risk factor. + +EDIT2: Added a subjective potential factor from 0 to 10, where its overall potential and a small or big market cap is factored in. Bitcoin with lots of potential only gets a 9, because of its massive market cap, because if Bitcoin goes 10x, smaller coins go 100x, PIVX gets a 10 for being as good as Monero while carrying a 10x smaller market cap, which would make PIVX go 100x if Monero goes 10x. + +If you liked this post, follow me on my profile for upcoming analysis posts https://www.reddit.com/u/galan77 +I’m 19, still living with my parents. I’ve got almost $15k saved up over the last couple years. I make $14.50/hr now. Going to school. Do I keep saving it with hopes of buying a small house or start investing? +I’m 18 years old (not working right now because I am overwhelmed with school) going to college in toronto and staying in a residence. I only spend my money on groceries, w33d, nicotine and quick meals/fast food. My savings/debit (I combine both because I don’t tend to spend too much) is at around 4.5k. My mom says it’s not good enough and I need to double it but the majority of my friends have around 30 dollars to their name. She compares me to my sister (who overworks herself and constantly vents to me about how stressed out she is , I feel bad for her) because she has almost 12k in her account from working basically full time while taking university prep courses and doing in sports in highschool. I’m not able to multitask like that because I get very overwhelmed, and I am constantly stressed out about money. I don’t even go out sometimes because I am worried about the numbers going down. Do I have enough saved so far? +My wife and I have good jobs, a fair amount of savings and enough coming in each month to keep adding to our savings… + +But for some reason I don’t feel any more financially secure than I did when we were earning less than half this amount. + +I always freak out when we need to take money from the joint savings to buy a £250 appliance for the house or something, even though we would t even notice that money being gone. + +Is there a way to chill about this kind of thing and realise that toy have enough and just enjoy life? + +Thanks! +Never thought au would post some shit like this lmao. + +I am in desperate need of rent $, and the job I have pays so low per week that I do not know how else to speed up the process. I need it before or by September 1st. I have been taking care of a sick family member, the reason why I have had a difficult time with this. + +Any ideas or suggestions? +I’m 17. I recently moved out of my moms house back to my dads. I didn’t have a bank account with my mom but I did with my dad. I had saved 300 but my mom put it into her savings account. She’s only letting me use this money for college but I have told her I wanted to go straight to the marines. Isn’t it illegal for her to keep my money? What happens if she does keep it? Am I out $300 bucks. What should I do if she refuses to give me my money. Thank you. +I am a Guy, 14. I am soon starting my job at a grocery store ( I live in the Netherlands, it’s pretty common to start here at a young age with a simple part time job after school. Usually a stock clerk.) and I already have so many ideas on what to do with my money, But I mainly want to save it. I will earn around €150 (around 157 USD), I plan to save around 70-100 (around 73-104 USD) euros. Does anyone have any tips on how to save, for what to save and how I can go out with my friends and but stuff I want while still saving and being responsible with my money? +If you're still sleeping on this, I don't know what to tell you. In a few months everyone will be trading with [Bogged.Finance](https://Bogged.Finance) on BSC, and $BOG will be easily 10x what it is here because of demand. + +[Bogged.Finance](https://Bogged.Finance) is clever, it doesn't try to start a new swap platform, but instead is leveraging the liquidity from pancakeswap. Meaning that all pancakeswap tokens are supported for Limit Buys, this also means you can actually place a limit buy and it will **actually** go through as soon as the token hits that price. + +There are a few other DEX's that try to do limit orders, but they simply don't have the liquidity that bogtools does thanks to its clever system. + +Additionally, bogtools now lets you check all your shitcoins charts/stats easily with [charts.bogged.finance](https://charts.bogged.finance) for free. They're using this as a marketing tool for $BOG as everyones going to be comfortable going to [charts.bogged.finance](https://charts.bogged.finance) and soon everyone will be trading with [bogged.finance](https://bogged.finance) + +Further, while some of the fees for limit orders are being used for gas to run the system, 50% of it is going to stakers. Meaning that staking BOG LP is one of the only non-ponzi staking systems on BSC currently, and is "safe" to do! Just set and forget! + +$20m\~ marketcap, if you're still sleeping on this, it's an easy 10x from here. +🚀 TATA Stаtus Rеpоrt 🚀 + +✅ CMC аnd CG listing + + +✅ Dеssеrt Finаnсе аnd Sоliditу Audits + + +✅ 300T+ tоkеns burnt + + +✅ $10,000 dоnаtiоn tо Chаritу: Wаtеr + + +✅ Mаrkеting аgеnсу оnbоаrd + + +✅ Sосiаl mеdiа аds + + +✅ Givеаwауs + + +✅ Winnеrs оf Mоndау Mооnshоt оn SSB + + +🔥 Imminеnt + +🌘 An аudit frоm Cеrtik + + +🌘 A listing оn Prоbit + + +🌘 Billbоаrds аnd bus аds in Lоndоn + + +🌘 Mаnу mоrе Influеnсеr pаrtnеrships + + +🌘 10,000 GBP dоnаtiоn tо ICRC Yеmеn Prоjесt + + +🌘 Furthеr push fоr mеdium tо lаrgе sizеd еxсhаngеs + + +🌘 Cоnsistеnt givеаwауs with еxсiting prizеs + + +🌘 SSB AMA + + +💭 Fооd fоr Thоught 💭 + +📌 Dоn't аllоw rеd саndlеs tо sсаrе уоu аwау + + +📌 Studу а prоjесt dееplу аnd lооk аt thеir fundаmеntаls + + +📌 Dоn't fоllоw thе сrоwd, fоllоw уоur rеsеаrсh аnd gut + + +📌 Onlу invеst whаt уоu саn lоsе + + +📌 Tаkе уоur initiаl invеstmеnt оut аnd lеt thе rеst оf it ridе аs thеrе аrе nо еmоtiоnаl аttасhmеnts tо lоsing уоur invеstmеnt + + +📌 Its bеst tо аsk quеstiоns bеfоrе соming tо соnсlusiоns. At TATA dеvs аnd mоds аrе аlwауs аvаilаblе tо аnswеr уоur quеriеs + + +📌 If уоu bеliеvе in а prоjесt, kееp buуing thе dip аnd strаtеgiсаllу inсrеаsе уоur bаg + + + +Links + +🗣Tеlеgrаm: ++ httрs://tеlеgrаm.mе/tаtаtоkеn ++ + +🌎Wеbsitе: __ httрs://hаkunаmаtаtа.finаnсе __ + +📊CМC: httрs://соinmаrkеtсар.соm/сurrеnсiеs/hаkunаmаtаtа ~~ + +🐦Twittеr: /\ httрs://twittеr.соm/tаtаtоkеn \/ +I'm in my early 30's and I've worked for about 10 years doing IT integration work for the federal government. I've built a lot of automated tools/scripts in that period to help me shorten integration times from months to days. I was the typical office drone collecting my paycheck and saving. Having grown up poor and seeing my parents struggle, saving was super easy. I was set to breeze into FIRE by mid 50's with something like $40k/year of spend. + +Then when things went into overdrive. Over the last 1-2 years, I launched a startup, monetizing my portfolio of tools. 10 years of work compressed into the one year. I now make about $1-1.5M with maybe 15-20 hours of "real" work a week. But this "success" is constantly challenging the principles and beliefs that I've held for the last 2 decades and it's confusing the fuck out of me. + +For example, this past weekend, I found myself still doing unit price comparisons on potato chips. While checking out, a part of me is wondering did I really just spend 15 minutes trying to save a dollar. + +My perspective of the value is distorted and no longer aligns with my circumstances. But at the same time, I am anxious about the startup imploding so my scarcity mindset continues to manifest. And it feels wrong knowing that the behavior is not warranted but I don't know what else to do? + +How do people coming from making $50k a year into $1M a year change their beliefs and principles? What if that $1M/year was not guaranteed and could easily turn back into $50k/year? Is a Big Mac still a Big Mac if you're making $50k? $100k? $200k? $500k? + +I'm lost and I'm hoping those who have walked a similar path can offer me some guiding principles or point me to good books/resources or even just share your stories. +Title sums it up. 4 doors on 3 buildings and sob stories left right and center. I may have been OK without a pandemic but I'm bleeding money and just can't give people ANOTHER reason to stress out. My tenant who is behind thousands since March decided he needed a new toilet which resulted in the subfloor basically crumbling. Entirely new subfloor, flooring, toilet and it went through the shower drain. Not one call about his toilet being a problem. I obviously need to rehab these properties but people have to leave for that and .. I can't. I'm chatting with my realtor this morning to get his opinion and estimation of the situation. I guess I'm not cutout for real-estate. Any advice on getting out? Holding on somehow? Property manager isn't an option as these properties aren't cash flowing as is and until tenants leave I can't really fix e'm up not that I know what i'm doing there anyway. +back in march 2019, the engine fan in my ‘17 jeep renegade quit working. (bought the car used in september 17 from a reputable used car dealer in town). took it the jeep dealer and paid $660.85 to get it fixed. fast forward to a few weeks ago when i was browsing the r/jeeprenegade and came across a post from july 2017 about a “customer satisfaction notice” aka a safety/recall notice from Fiat Chrysler detailing that the engine fan may quit working on certain 2015-2016 renegades and they will get repaired for free. + +i went to FCA’s service website to check my VIN but my car wasn’t listed as being affected even though i had the exact issue described in the notice. so i emailed FCA and explained everything that happened and mentioned their safety campaign number. they emailed back asking for a copy of the rework invoice and proof of payment. sent that off. and just last week i got approved for reimbursement from FCA! + +keep any copies of repairs to your vehicles, as you could get reimbursed in the future! +My kid needs $7000+ in dental work. And needs to see a private paediatrician who charges $500+ per appointment. And she needs to eat gluten free, which is crazy expensive. Ok, I’ll start doing food deliveries while looking for a part time job. Oh great, now my car is making weird noises despite just spending $1000 on the fucking thing 2 months ago. Oh and now I have a suspicious lump that’s going to need looking at and knowing my luck is probably cancer. For fucks sake. +I own an electric Golf, I got a loan to buy this car for £18,500 4 months ago. I've just been offered £19,950 by the dealership to buy it back off me. + +This will pay off the loan + some profit, lovely! I currently pay £385 per month at 3.2%. + +I live comfortably right now, I save £650 per month, all bills & mortgage paid etc. But with the cost of energy going up, every day shopping going up etc then maybe now would be wise to cash in? + +I have use of my fiancé's car. She cannot drive yet. We car share using her car to give her driving experience 3-4 days a week. (We pass her work on my commute so makes sense to let her drive). + +Would I be an idiot to pass up this opportunity? I love the car, I get free charging at work, but maybe it's a good chance to get rid and be sensible. + +EDIT: thanks for the responses everyone. A lot of good points for each side. Going to keep the car. If something came up where I’d need to get another car I’d likely be paying more. I like my car, I’m happy to keep it. +Hi everyone! + +We’re really excited to be here engaging with the passionate [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) community. + +Today, both me (Sunny Lu, [/u/cryptoSunnyL](https://www.reddit.com/u/cryptoSunnyL/)) and my colleague Peter Zhou ([/u/PeterZhouzzz](https://www.reddit.com/u/PeterZhouzzz/)) will be representing VeChain as CEO as well as Chief Scientist to answer any questions from the community. + +[https://twitter.com/sunshinelu24/status/1387375448355524611?s=20](https://twitter.com/sunshinelu24/status/1387375448355524611?s=20) + +[https://twitter.com/PeterZh47977516/status/1387373043278704640?s=20](https://twitter.com/PeterZh47977516/status/1387373043278704640?s=20) + +We’ll be answering your questions for a duration of **3 hours (April 28 2021, 7AM PST - 10AM PST (10PM to 1AM UTC+8)**, so don’t hesitate to ask any questions now and live during the session and we’ll answer them as best as we can! + +**We've also just launched** [**a brand new 1 Million USD Grant Program**](https://medium.com/vechain-foundation/announcing-one-million-usd-grant-program-for-the-vechain-enft-ecosystem-7e2e6eea02e2) **for developers to build their NFT, DeFi, Gaming, etc projects on VeChain to kickstart our eNFT ecosystem. Join us and take advantage of our huge community by being a first mover in our ecosystem!** + +The [VeChainThor blockchain](http://vechain.org) has already been applied across a diverse array of use cases including **Walmart China, Bayer China, BMW Group, BYD Auto, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group** and more. We've pioneered [VeChain ToolChain](https://www.vechain.com/product/toolchain), a BaaS suite that allows enterprises to deploy full featured blockchain solutions without any technical knowledge required. Numerous products on shelves in Walmart China are already being tracked using VeChain with more being gradually added, and we have tens of thousands of transactions daily just for Walmart alone. Our journey has just started. + +We’re also [a smart contract and dApp platform](http://docs.vechain.org) that is fast, low cost and scalable. For those of you who didn’t know, we welcome you to build your project on our blockchain. NFTs, DeFi, Gaming, Yield Farming, you name it, we can support it. [Grants are also available](https://www.vechain.org/builders/) to kickstart your project. + +Ahead of our numerous progress updates this year and the **PoA 2.0** upgrade, which will massively upgrade our scalability and security even further, we’ve decided to engage with the crypto community with this AMA. + +We’re also working on something exciting: [An Enterprise NFT Ecosystem](https://vechainofficial.medium.com/the-future-of-vechainthor-enterprise-nft-enft-ecosystem-137589e53974), that will support enterprise-related NFT applications, with a system and resources readily available to help enterprise-level users to create and issue NFTs to support their ecosystem growth. + +Without further ado, ask away anything related to enterprise blockchain adoption, VeChain related topics, NFTs, and anything on your mind! See you soon! + +***What is VeChain?*** + +VeChain project launched in 2015. VeChainThor is an enterprise-level public blockchain and we have worked tirelessly to build the bridges between blockchain technology and the real world. We’ve been through the entire process of building an entire network dedicated to be scalable, efficient and cost-effective, transitioning from consortium network to best-in-class public blockchain platform using our Proof of Authority consensus. + +The VeChainThor blockchain is powered by the VET and VTHO currencies with a dual-token model, offering best-in-industry transaction speed, scalability and costs. We’re a public blockchain, and we support dApps as well! + +&#x200B; + +**\[AMA Closing\]** + +Thanks everyone for joining this AMA! It’s been a blast answering all your questions for the past few hours. + +So much more progress is coming to the VeChain ecosystem and we can’t wait to reveal what we’ve been working on. Make sure to follow us on our social media platforms to stay updated. Until next time! + +Sunny&Peter out. Peace yo! +Wells Fargo, Morgan Stanley, Goldman Sachs, JPMorgan, Citibank and hundreds of other banks are already preparing their own products based on [cryptocurrencies](https://swapzone.io/currencies?utm_source=reddit&utm_medium=social&utm_campaign=promo). Because it becomes increasingly difficult for them to compete with services such as Coinbase, which just today launched USDC deposits at 4% per annum, which is several times higher than bank rates. + +When big banks openly start mass adoption, the media will immediately support it - just like they did during the technology boom in the late 90s. + +https://preview.redd.it/jzd4s8w0jjl81.png?width=2880&format=png&auto=webp&s=d062be3cff5b5a78b3713aa15daafe812139a423 +Hello Everyone, + +I'm 32 years old, work in Tech and got married a couple of years ago. My wife is 28 years old and works in HR. My take home is about 1.9 L/mo. post tax where as my wife brings in about 50 K/mo. post tax. I also get a yearly bonus 1.5 times my monthly post tax take home. + +My mom owns an apartment (valued at around 25 lakhs) in my hometown which I'll inherit sometime in the future. She'll be working for a few more years before she retires. + +We live in Bangalore and rent an apartment. Our apartment rent is probably the biggest expense at around 32 K followed by groceries, ordering food, going out, gifts, clothes and donations, if any. Our monthly expenses fall in the range of 50k - 70k/mo. Average expenses since the beginning of lock down are 60k and that includes a holiday in Goa, couple of hometown trips, 2 laptops (one for me and my mom), setting up home office etc. + +We live close to my office , so before the pandemic I'd either walk or take a Yulu. My wife's workplace is about 6 Km from our apartment so would either share a ride using Quickride or get a Uber auto. Now that we're working from home we're able to get rid of these costs.We don't own any vehicle and have no plans to buy one at the moment though we briefly considered getting a car before the pandemic. + +Over the years, I've spent a lot of money traveling domestically and internationally till the pandemic paused it. I've also spent lavishly (per middle class bachelor standards!) during my late 20s, only putting money into occasional FD/RD and ELSS. No regrets whatsoever but in hindsight I can see that cutting down on some of my expenses and investing them in equity would have made me wealthier. + +Since the beginning of lock down, my savings rate has gone up by 30% and I've seen very good returns. + +My current savings/investments are around \~45 lakhs and my wife's savings are around a couple of lakhs. + +About 45% (\~21 lakhs) of my savings are in equity - mostly mutual funds and etfs but a stock here and there - and the rest are in bank deposits. I also have some savings in NPS, PF and have a term insurance. Even though currently bulk of my savings are in deposits, I'm allocating more than 70% of my future investments into equity. + +I tend to invest about 1 - 1.2 L every month depending on the expenses. Here's a breakdown of my current investment strategy: + +1. Recurring Deposits - 30 K +2. Nifty 50 Index Fund - 30 K +3. Parag Parikh - 20 K +4. Nifty Next 50 - 10 K +5. Small Cap fund - 10 K +6. NPS - 4.2 K + +Term insurance premiums are included in the expenses. Depending on my expenses, I tend to put in about 10-15 K every month ad hoc either into individual stocks, a smallcase or a S&P 500 fund. On top of this, I also invest 1.2+ L/year in ELSS to max out my 80C. My wife invests about 16-20 K every month - 50% in index funds and 50% in bank deposits. + +I don't have any plans to buy a home on an EMI and we don't have any plans for kids in the next couple of years. With that in mind, I want to maximize my savings rate and double my portfolio in the next 2.5 -3 years. + +Please let me know what you think and provide suggestions on how to reach my goal. +The amount of accounts that are either a couple months old, or literally just started participating in this sub in the past month saying how "the sub is going downhill" is unreal... + +I've literally been around this sub for several years on various accounts, and this is still a great sub. Just because you're a paper handed lil b***h doesn't mean the rest of us are gonna cry that we don't wanna play the game anymore cuz were down. Once this is all over, sure, We will be back to shitty dd and random unnecessary bets, but this what were doing right now. +Hi all, update that may interest any IHL holders on these threads. I was going to do another update but it seems Canary Capital has done a great little update so I will just be copy pasting what they ahve wrote. Sums up what I would've spent 15 minutes writing anyways. + +Previous Posts on IHL - [https://www.reddit.com/r/ASX\_Bets/comments/n0wnwu/incannex\_2021\_snapshot\_29042021/](https://www.reddit.com/r/ASX_Bets/comments/n0wnwu/incannex_2021_snapshot_29042021/) April 2021 + +[https://www.reddit.com/r/ASX\_Bets/comments/llr1ao/sugar\_spice\_and\_everything\_nyse\_asxihl\_update\_2021/](https://www.reddit.com/r/ASX_Bets/comments/llr1ao/sugar_spice_and_everything_nyse_asxihl_update_2021/) February 2021 + +[https://www.reddit.com/r/ASX\_Bets/comments/jz5jm8/asxihl\_incannex\_healthcare\_biotechmedicinal/](https://www.reddit.com/r/ASX_Bets/comments/jz5jm8/asxihl_incannex_healthcare_biotechmedicinal/) Nov 2020 + +**Investor note that was put out by Canary Capital the other day:** + +This morning Incannex (ASX:IHL) announced that it had submitted its registration statement to the United States Securities and Exchange Commission (SEC) for a proposed initial public offering. We see this as a very positive step for the company for a number of reasons: + +• The company will list on the **Nasdaq main board under the code IXHL where the market places far higher valuations on companies involved in cannabis and psychedelic research compared to Australia.** + +• The company will gain exposure to a large group of investors based in North America which will lead to a dramatic increase in the number of people following the Incannex story. + +• The IPO will raise a minimum of US$25m at a price to be determined which will provide sufficient funding to advance its six drug development programs for Obstructive Sleep Apnoea, Traumatic Brain Injury, Inflammatory Lung Conditions (ARDS, SAARDS, Pulmonary Neutrophilia), Rheumatoid Arthritis, Inflammatory Bowel Disease and Generalised Anxiety Disorder (GAD). + +**• Incannex has selected Roth Capital Partners to be the sole book-runner to the offering and companies they have raised for have substantially increased in value following listings on the NASDAQ (Imugene – ASX:IMU raised $24.6m at 3.6 cents per share, now trading at 29 cents per share; (This is 11x from Roth's raise and 14x at highs)** + +**Lake Resources- ASX:LKE raised $20.6m at $0.165 cents per share, now trading at $0.60 are a couple of examples). (This is 4x from Roth's Raise)** + +**Roth also helped ASX:PLL list on the NASDAQ last year, and the share price has done 11x since.** + +**The valuations of companies in the psychedelic space are multiples of IHL’s market capitalisation.** Cara Therapeutics (NASDAQ:CARA) is currently conducting clinical trials using an analgesic opioid peptide called difelikefalin to treat a condition called pruritis which is an unpleasant sensation that provokes the desire to scratch. + +**The company is capitalised at US$637 million (A$880 million) with only one program underway compared to Incannex’s A$320m current market capitalisation with 6 programs**. Another comparable is Compass Pathways (NASDAQ: CMPS) which currently has one psychedelic research program underway and a market capitalisation of **US$1.29B (A$ 1.78B).** Jazz Pharmaceuticals (NASDAQ: JAZZ) acquired **GW Pharmaceuticals PLC for US$7.2B** after their cannabidiol medicine Epidiolex® was approved by the FDA to treat epilepsy. + +**We believe Roth Capital Partners considers IHL is substantially undervalued given the number of programs the company currently has targeting unmet medical needs that can be fast tracked to commercialisation with the FDA. We also have confidence the psychedelic program will draw a lot of interest from the North American market given this is a unique trial combining psilocybin with psychotherapy to treat GAD; the first of its type globally.** + +My previous post compared CARA, Compass Pathways, MindMed and GW Pharma back in February as IHL's likely peers once we ended up on a US Main Market. I would give that post a quick skimread and check out the valuations on those companies. + +Now here we are on the verge of entering the NASDAQ, in remarkably fast speed. It's my opinion that the company is about to undergo an enormous re-rate in the coming 6-18 months. Godspeed and good luck to you all. +Hey guys, Long term lurker first time poster + +&#x200B; + +I am a CEO/CFO of a small-midsize regional hospitality chain (\~45mm in revenue.) Old family business that I have been running since my dad passed away 8 years ago. We have around 400 employees and manage a chunk of commercial real estate. I've led a few major renovations, construction projects and purchases of smallish real estate deals (<5mm). Due to the family nature of the business I also have a working knowledge of estate planning/law. + +Although things are going well and numbers are stable, Covid has taken its toll mentally. I am ready to transition away from this business into other areas. I am a quick learner and have a B.S. in ECON, but don't have the background of many on this board (tech/finance). Has anyone made the move from one industry to another? How did you make it happen? +I know they say 3-6 months of expenses but if my current paycheck orals up to $3400 every month + +6 times that = $20400 + +That seems like a lot of money to just be sitting in a Hysa and doing nothing + +Is that right? +They told me someone of my income should be spending more per month than I was and they wouldn’t approve the refinance without me increasing my expenses declaration. I said I was frugal and that’s why I own a house as a single young female on an average wage and have good savings. The lending specialist said I need to revisit my expenses, for example I left personal grooming empty, what about hair cuts? I said I haven’t had one in two years, I’m growing it out and trim the ends myself. She said what about internet? I said yeah I hotspot my phone that I only pay $28 a month for, no monthly home internet account. It was very strange. I feel like I just got shamed for saving my money? This is a bit of a vent I guess, just was a very bizarre situation. Is this... normal? Like I get some people might underestimate to look better but they could have just checked my bank accounts to see it’s legit. Oh well. I’ll look at other lenders lol. +Honestly 200ish sounds fairly reasonable. I mean I get it, dont get me wrong. And we're not so bad off that diapers, clothes, ect is going to hurt us. But with health care bills piling up, the expected 2k delivery copay (assuming all goes well) and existing bills already, where does it come from?! + +We've been able to save about 400 a month, and with just eating out less (we go out out [40ish] once a week and probably 3-4fast/cheap takeouts each week) well recoup some money to the tune of 100 bucks a week. We'd have more discretionary income if I stopped putting renovations in the house, but not a lot... a new spigot here, a paint job there... I redid the floors in hardwoods recently and still have moldings to buy and install. The new (5 month old) privacy fence needs stained. It's all ( relatively) little stuff and I save a small fortune by turning my own wrenches on the cars, fixing my own plumbing/electrical/interior stuff. + + We've got a couple grand in savings which I know isn't enough; in fact that number represents slightly less than what my wife nets in a month at her hourly job. Of course theres maternity to think about too- complete job security but its unpaid due to her lack of tenure. + +Everyone says "oh you did it in the right order; you moved out, went to college, got married, got good jobs, bought a house BEFORE you got pregnant" but we've not been graduated long- 3 years for me, 2 for her- so the extra I used to throw in savings is gone to eliminating my college debt, the car I have, the downpayment on the house, the fence... + +...I'm realizing this is super long. Where have yall found the money to be responsible for this whole other human life? (Mostly the childcare part) + +EDIT: Thank you guys all so much for the help. I'm talking to my wife about all this and we feel a lot better. There are some great people out there (and some not so great?..) and I thank you guys for crafting and maintaining this discussion. I'll check back tomorrow for more. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your 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) +Waay too early to be hopeful of a full recovery but certainly some good news to at least hang on to in the short term + +https://www.cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html +what language should i learn to write a trading bot? + +do you think college is a good way to learn to write software or should i save me some money and do it on my own at home? +Im concerned by my nephews new found day trading vibe. He's been in to it about 4 months. He said he took a course to learn the basics and he looks for patterns to make his picks. No offence to the lad but he's 19 and pretty dumb, not clever at all. Some of the comments he's come out with in the past weeks include: + +I'm up $10k so far. +Im up $17k (literally a week later). +I just made $500 (while sitting next to me on the couch at 7pm at night - what would he be trading at this time of day?). +I have a feeling lithium will go well today (like wtf is this comment?). +I make more trading than I do at my work (he must make 30-40k year). + +He can't stop talking about it. I don't even answer back any more. Hes booked 1 big trip and is planning another cause he's claims he's making bank. He probably had about 10-15k savings to start with. + +Im concerned he's blowing all his savings gambling which he was saving for a car. What is the likelihood he's actually making this kind of cash? + +What questions can I ask him, or educate myself in to quiz him on it? + +Edit: I commented this below but got lost in the answers. What is going on in this pic he sent me? + + https://i.imgur.com/grSTgGN.jpg + +Is it possible to gain that much in a day? +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! + +Everyones favorite ETF ... ARKK. What are your 2021 predictions? + +**Questions** + +* Will ARKK beat S&P 500 in 2021? + * If you're brave, give a price target. +* Why? + +Thought it would be fun to make predictions and look at them in a year ... Should be a learning experience. + +I'll start. I've been an ARK bear for a while (probably a little biased to be honest). + +**Prediction** + +* Underperform the market. + +**Why** + +*The fundamentals of many of the top holdings are out of hand* + + * P/E are crazy + * P/S might be more accurate, given growth focus. This metric is also crazy. Top 10 holdings all have P/S ratio above 10 (remove SQ and most are around 20). + * AMZN, GOOG, AAPL never had these P/S during most of their growth story (my data doesn't go back to founding). Today are all WELL below 10. + * TSLA valuation is too high. Stock price is currently \~$400 above overly optimistic [valuations](https://www.youtube.com/watch?v=BVc6CfAjAbM). Only 10% of the fund, but a significant pullback would hurt. + * Many of these stocks are pure momentum at this point, not good long-term. + +*The comeback isn't great for ARK funds* + + * During COVID personal savings rates were the [highest in recorded US history](https://fred.stlouisfed.org/series/PSAVERT) + * In a low rate environment, with many companies impacted by COVID, this money found its way into tech/innovation. When the present is temporarily bad and rates are low, bet on the future. + * When the world comes back, a lot of this money leaves savings, which hurts all equities ... slightly + * Withdrawan saving is spent on discretionary, these beaten-down sectors start to look attractive and opp cost of tech/innovation investment increases. Potentially kills momentum. + * As we get closer to rate increases, growth stocks look less attractive (future cash flow discounted more heavily) + +What do you think? +Preface: I'm not very knowledgeable about all this, just starting to look into it, so mostly just wondering if there's something I'm missing here. + +I live in a major city (Seattle), housing is really expensive (especially in the current real estate climate), I get it. But I also make good money, am still young, have lots of career growth to come, and work in a high paying industry with a lot of opportunity. + +But yet... Looking at mortgage calculators and the like online, and comparing to house prices around the metro area, I just don't get how people are able to afford it, at all? But yet I know my older colleagues (say 5-10 yrs older, as a range) all have houses, and I also know roughly their salaries. Something doesn't add up... These so called mortgage calculators seem like houses around here would be out of even their price range. + +To be fair, maybe they bought when prices were lower, but (correct me please if I'm wrong) even tho prices have gone up, they've always been high in major cities in recent history. + +So... Am I missing something? Or do I really need to be making $250k+ to even start to think about getting a house around a major city? + +I'm sparse on personal details here for privacy but if certain details would help, let me know. I'm starting to think my only option is to wait for some sort of price collapse. +For me, its housecleaning. It is without a doubt one of the best investments I make every month. I have always hated cleaning, but thought that I was supposed to be disciplined enough to clean my own house. My god, I was so wrong. It is such a relief to not have "I need to clean this house" constantly hanging over me. I can focus on work better, and I can relax in my downtime better. All for just a couple hundred a month. +I was having a look at [Ken Griffin's profile](https://littlesis.org/person/15052-Kenneth_Griffin) on littlesis + +https://preview.redd.it/ncffolgu5w091.png?width=1193&format=png&auto=webp&s=28c08a41c65cd017580b340b790db2ae14262cdb + +the site keeps track of rich people's business connections, board seats, donations, + +https://preview.redd.it/cpivafiv5w091.png?width=1468&format=png&auto=webp&s=889e799efa89f99139871ba2e1faab7bfa350843 + +political contributions, holdings, memberships, it's pretty neat. + +https://preview.redd.it/shk3o9nw5w091.png?width=1079&format=png&auto=webp&s=be7ccb525315c914f696cdb06f3da5f5dba99e12 + +Ken holds a number of "philanthropic" positions + +>Board Memberships +> +>Committee on Capital Markets Regulation • Committee Member +> +>Whitney Museum of American Art • Trustee +> +>University of Chicago • Board of Trustees +> +>The Chicago Public Education Fund • Board Member +> +>The Art Institute of Chicago • Trustee +> +>Chicago Museum of Contemporary Art • Board Member + +impressive how deeply entrenched he is in Chicago education, public funding, regulation committee, art, money laundering. you can probably find shady dealings in all of these engagements, the one that caught my eye was The Chicago Public Education Fund. This is their website [https://thefundchicago.org/](https://thefundchicago.org/), twitter [https://twitter.com/TheFundChicago](https://twitter.com/TheFundChicago) + +Ken is indeed on the Board of Directors. [https://thefundchicago.org/who-we-are/board/](https://thefundchicago.org/who-we-are/board/) + +https://preview.redd.it/qzrp0z8z5w091.png?width=1583&format=png&auto=webp&s=e7b75ad206a25a5b3f64e8fb0e9ed6528fdee08f + +in fact he's listed as Vice Chair. now who else do they have + +https://preview.redd.it/gysj3uo16w091.png?width=1562&format=png&auto=webp&s=7431d265872d74dbb6acd937f0b4639bc4acdc0a + +a fella from BCG called John Garabedian + +https://preview.redd.it/vmpzi6f46w091.png?width=1320&format=png&auto=webp&s=5a003c900a048e5088e207a3898e362c5ccc1b67 + +Jennifer Husbands from the Bill & Melinda Gates Foundation + +&#x200B; + +https://preview.redd.it/3sy9i7276w091.png?width=1200&format=png&auto=webp&s=cf70e4df3b5df0527b0bd7c7b4c89012c7f64f08 + +https://preview.redd.it/5kx6vm4a6w091.png?width=1267&format=png&auto=webp&s=64080f167af936dc161cba23069df7a9a2aef7d6 + +more BCG and Citadel. another familiar name comes up in the [list of investors](https://thefundchicago.org/who-we-are/investors/), the Pritzker Foundation. remember the sleazy governor that looks like a total mobster? meet the [Pritzker family](https://imgur.com/a/g7HSQAM) + +what an incredible amount of philanthropists assembled here, donating time and money to *offer leadership development opportunities for both current and aspiring principals in public schools all across the city.* what do they actually do? + +https://preview.redd.it/1s459fjg6w091.png?width=1424&format=png&auto=webp&s=ad02b9a9a7244227074cd97079b94d16ab153dc6 + +it keeps going on like that about strong leaders. they target principals, enroll them in a "program" and gain control of leadership in exchange for funding. + +https://preview.redd.it/rr7jp0hj7w091.png?width=1268&format=png&auto=webp&s=1e60e3da9127b3c128941d5227362e551de0171f + +blatantly building a network for corrupting influence in public education. bragging, not confessing. they have this incredible map to keep track of the progress on individuals they control + +https://preview.redd.it/ts734ftqaw091.png?width=1036&format=png&auto=webp&s=115b721ebbe64ba29020e83eae3345396ead3dc0 + +[https://thefundchicago.org/our-work/programs/](https://thefundchicago.org/our-work/programs/) + +honestly their programs read like a complete Ponzi scheme with made up roles and ranks you have to go through, get *mentored* for years to eventually end up in the role of a *Top-Leader,* by the grace of Ken. the amount of empty corporate fluff and consultant buzzword bullshit is mindboggling, here's more of their descriptions of the programming + +https://preview.redd.it/26wew1crbw091.png?width=1396&format=png&auto=webp&s=0ed39e2f5bd9d711c101f91fe99fc338b509049a + +https://preview.redd.it/wxnr4b0r7w091.png?width=1112&format=png&auto=webp&s=324bbee87cb43fc9a9579433cc3394d6574ed854 + +The Fund also lists the University of Chicago Urban Institute as one of their [Partners](https://thefundchicago.org/principalpridechi/partners/). the same University of Chicago where Ken Griffin is on the Board of Trustees, as we know from the first screenshot in this post, and the University confirms [https://trustees.uchicago.edu/university-trustees/](https://trustees.uchicago.edu/university-trustees/) + +https://preview.redd.it/mv0j94ju7w091.png?width=1407&format=png&auto=webp&s=fcd98479be9c6edae6844d9e5334bd4f084a1048 + +Sitting on both ends of the table again, classic Ken.. and interestingly, they link to the Conflict of Interest Policy, I'd say it definitely applies + +https://preview.redd.it/s8ikecw48w091.png?width=1537&format=png&auto=webp&s=0fcc7ad79b19cd13888f7bdfac07e4a2f588d587 + +so we have Ken Griffin, Citadel, BCG, Gates Foundation, Pritzker Foundation all tied to the same entity working to infiltrate the educational system for their interests. supported by the University of Chicago, where Ken is on the Board of Trustees with a ridiculous conflict of interest. +I’ve maxed out my TFSA. Here’s what I know about the RRSP: +- It’s an investing account used to put money aside for retirement in a tax-deferred fashion. +- I don’t pay taxes on anything in it until I take it out. + +I feel like there are gaps in my knowledge. Can someone please explain to me the RRSP like I’m 5? + +- What’s this “employer matching” thing that everyone talks about? +- How is putting money in an RRSP tax deferred? By the time I put money in my RRSP, didn’t I already pay taxes on my income? I’m lost on this. +- What’s a deduction limit versus a contribution limit? +- How can an RRSP benefit me when buying my first home? +- When do people usually open an RRSP? + +EDIT: Thank you, everyone, for your answers and help, I will be reading them as soon as I can! +Hi UKPF, + +So I made a post a couple of months ago, linked [here](https://www.reddit.com/r/UKPersonalFinance/comments/puhc54/how_do_you_get_into_the_30k_salary_bracket/) and got tons of advice from comments and PM's. + +I would just like to say a big thanks to this community, without your help and feedback I don't think I would of pushed myself. Today I accepted an offer for £45,000. From my currently role paying £26,000.. + +To anyone out there with no degree and no fancy qualifications. Believe in yourself, your skillset and make sure to invest time into your self. Such as your CV/LinkedIn Profile as this does help! + +Thanks again all. Time for a beer. +Hi all, I really love doing write ups on companies that I feel have good value on offer. I have known about Nouveau Monde for around 2 months now and in that time I have bought, sold and re-bought again. My latest buy entering at $1.25 USD via the OTC market, the stock is also listed on the TSXV and Frankfurt exchanges. For total clarity, I own 11,400 shares and currently sitting at around £700 down. However I do have the stomach for penny stocks and value a safe range on this anywhere between $1.14 and $1.40. I have put quite a lot of hours into researching all this and likely to share across a few boards, so please don't get angry if you see it posted elsewhere. + +**Company History & Notable Checkpoints** + +Nouveau Monde Graphite Inc. engages in the acquisition, exploration, evaluation, and development of mineral properties in Quebec, Canada. The company primarily explores for graphite. It owns a 100% interest in the Matawinie property that includes 319 mining claims covering 17,585 hectares situated to the north of Montreal, Quebec. They claim to be building the largest Graphite operation in the Western World. They have a very healthy split in terms of ownership and have recently been raising private equity to fund the next stage of their operation - raising $20m CAD via the Pallinghurst Group, Charles-Admand Turpin and the Bank of Montreal. + +**Bear Case** + +I'll start with my open and honest views on the bear cases against this. The permit decision - quite openly this is the single biggest challenge facing the business at this present moment. As many of you will know who have been following this stock, there has been an on-going negotiation with Atikamekw Nation which now appears to be drawing to a close. The decision will likely be announced on the Quebec Ministry Of The Environment page first and if you follow that link, you can sign up for notifications. That said, nothing is given and failure to obtain permits would see a huge shift in the fortunes on NMG. They would likely have to operate as a processor of Graphite material, lose control of their dominance over their supply chain and lets face it, the stock price is probably worth around $0.80-$0.90 then until they can evidence a sustainable operation. + +Despite their claims, there are other mines being established - however it does take a considerable amount of time to move from discovery, through permit application/grant and then manufacturing etc. So whilst there will be competition in the future, it could well be that the competition is slightly too late. Still something for consideration. + +Future share dilution - personally I have already factored this in. It is clear that they want to up list and a stock price of $4 is needed. In the short term, could see a reverse split but again I would like to say in my view this is unlikely with all the hype around the EV market, one or two bits of good news could propel this well above $4 a stock (will come onto what this good news could be in the Bull Case) + +**Bull Case** + +I am invested in this stock - chart on the TA will show my position, so please take this into consideration when making any judgement about whether to invest. I always look for actions when it comes to a bear case - what has actually happened, what are people doing and where is the company going. + +Major and key mining equipment recently landed at NMG - which was manufactured in Italy and has been subject to testing for the past year. Not only has physical development started taking place but the single biggest thing I look out for in a performing company has happened - a healthy level of insider buys. The CFO who joined from Imerys has bought stock, but most notably a huge buy from Charles-Armand Turpin of 690,000 at a price of $1.45 CAD, shows there is huge belief in what is happening inside the business. This is important to investors because we want to see they are confident and view that better stock prices are on the horizon. + +The CEO said in a YouTube interview that he is highly confident about reaching an agreement (on the permits), but also very candid about the trust issues of the final roadblock in getting this project 100% enable. As I mentioned in the bear case, this is still something that could put very cautious investors off NMGRF and I would totally understand that, but equally ask yourself why an insider has just paid $1.45 CAD a stock when the clause in the agreement states he did not have to purchase until all the necessary agreements were in place (Bank of Montreal are yet to enact their confirmation, but the same agreement is in place). C$20m worth of financing - read more here if you're interested, but why would either party spend time reaching an agreement like this with all the heavy admin burden that comes with it, unless the permits were near complete. + +They are under NDA with Tesla, VAG and some battery manufacturers - It's well known that Tesla want a clean supply chain, NMGRF can provide that and around 30% cheaper than the cost of Graphite from China due to using renewable hydro Electricity only and saving a hefty sum of money on the logistics costs. Due to the Pallinghurst connection, NMGRF already have an order for 25,000 tonnes per annum from the Traxys Group. This equates to c.25% of their annual capacity based on a 26 year mine life. + +I could go on and on about the positives I've found, a lot still to do but the timing on this is brilliant. All the exciting stuff is about to happen. + +**Technical Analysis** + +First Screenshot is zoomed in to see the MACD and Awesome Oscillator lines in detail. The blue pen is where the stock has generally been trading, at the present moment it has been trading sideways and looks good for another take off, if it can breach $1.40 then based on what we've seen elsewhere on stocks like ABML, this could easily trade in the $2-3, $3-4 range with the right news (permits and Tesla agreement for example) The red line shows where it could drop to and if you wanted to wait it out and see what happens, entry around $1.08 might be possible but please factor in that $20m of financing has just taken place at $1.45 CAD, therefore suggesting $1.14 USD is probably the lowest this goes. The data stacks up with this, only breaching $1.14 USD for a short period before bouncing back up to $1.35 USD. + +On the hour view which is what I like to use for penny stocks due to volatility and reacting quickly - the MACD line has crossed over, the price is also above the 200 EMA line. For those that are into TA - this is extremely positive. Awesome Oscillator has also had several green bars and appears to be close to a positive swing. + +In the chart below, I have zoomed out to show you where I think the major support lines are. Upper around $1.44, break this and $2 should be easily in sight. The lower, $1.17, if it drops below, could drop to $1.08 but personally don't view this as likely unless there is bad news. + +**TL:DR - Exec Summary** + +A stock with a positive outlook, if permits are granted (targeted Q1 2021) then should be in the $2-4 range to enable up listing. Under NDA with Tesla and several other major players - already got an order for 25% of their annual capacity. A few bear points to consider, but generally bull points, however there is a level of invested bias in there as obviously I believe in this project. + +Hope you enjoyed! Any questions, give me a shout... any topics to debate, also very happy to discuss and share alternative views as these are what help educate us and make us grow. Happy investing. +***$BOG \[Bogged.Finance*** *is the name & Binance Smart Chain is the game - aka yo mommas favorite crypto.* + +\- **Potential 10-100x** within a few months - This is a STABLE & STEADY growth coin - Watch this post age like fine wine! :) + +\- **Buy HERE :** [**BogTools.io**](http://bogtools.io/) **/ PancakeSwap** + +\- **Contract : 0xd7b729ef857aa773f47d37088a1181bb3fbf0099** + +Why BOG you ask? + +1. This is a project with a real use case - Read the **lightpapers** [HERE](https://bogtools.io/lightpaper.pdf) + +2. They have confirmed partnership with UniRocket on Telegram - Basically Bogs new charts are about to be promoted on EVERY UniRocket you see which is **HUGE. - ONCE AGAIN BOG IS ABOUT TO BE ON EVERY FRICKEN UniRocket!** + +3. They just released [**limit order trading on PancakeSwap**](https://bogged.finance/trade) **-** This means you can place a buy order on ANY moonshot crypto you'd like without having to be glued to the screen all day. It will execute the order once it hits that price. - **Limit sells & stop losses are incoming as well!** + +4. Their [**charts are HANDS DOWN the most accurate**](https://charts.bogged.finance/?token=0xD7B729ef857Aa773f47D37088A1181bB3fbF0099) and up to date available on BSC. - Prove me wrong. + +5. The [roadmap](https://bogtools.io/limit-orders/) is filled with promising announcements & releases. + +6. The staking mechanics are **AMAZING** \- **I make more staking BOG on the daily then I do at my normal job.** Its tokenomics encourages holders to stake their holdings, providing liquidity and supressing dips while at the same time making considerable profits on every $BOG transaction that occurs. - Basically you [**MAKE MONEY EVERYTIME**](https://bogtools.io/token/staking/) someone sells, buys, or transfers BOG. When it dips, your bags go up. + +7. The [**telegram**](https://t.me/bogtools) community is wholesome and informative - It's the best place to get updated, accurate info on BOG. Ask anything and you'll get an answer. + +8. It's not built on hype like... **PREPARE YOURSELF...** Safemoon, Hoge, Safemusk, Elongate, Safemars, PIT, Mando , SMRF, NCAT, Riskmoon , SafeGalaxy , Safeastrost , Fera , Safeorbit , COC , Fox Finance , Safetree... and 99% of BSC coins. Once the hype surrounding those coins die down, so does the coin. With an actual use case & solid staking mechanics, BOG holders are around for the long haul. We believe in the coin. + +9. Your mom will love you when you buy her a brand new lambo & house paid in full with BOG. Don't you love your mom? + +\[If you're still reading this psssst - **Rumored Youtube sponsorships incoming .\_. \]** +Okay let’s cut all the BS out we see on YouTube. My wife and I are 23 and have a combined income of 100k. What is a realistic way that we can own atleast 5 properties within the next 5-7 years? I keep hearing the BRRR method but I live in AZ and I don’t see many depressed homes for 50k. People like graham stephen who say you need 30 units to cash flow 50k a year. I can’t even imagine how that would be possible to be approved for so many loans with a debt to income ratio like that. + +So what’s the truth here? How can we actually get rich by doing real estate and not be on our deathbeds to see it happen ? + +Also, duplexes and triplexes are also rare out here +A little elaboration. Hospital I work at accidentally deposited my bonus check twice and they said they will be taking the unintended addition amount out of our next paycheck. Which is fine. But when we got the payment, taxes had already been taken out. They informed me that when they take the money out of my paycheck, it will include the taxes, so I will he left with less money than before. This is setting off my bullshit detector so I thought I'd ask here if anyone had experienced this or knows more about it before I get upset. +I’ve been involved in crypto for a long time. Whenever it comes to a point where people are buying and selling based on tweets, the market corrects. A year or two later, those corrections never mattered. Bitcoin is bigger than any one person or company. How many posts have we made here where we “should have bought” at $200? $1000? $3000? $10000?? These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you’re going to sell based on one man’s tweets, maybe you should buy something else instead. + +HODL +I don't have any credit card debt (married with no kids). Two cars, financed -- one is 0% (Owe $17k), the other is 1.9% (Owe $24k). I have two consolidated federal student loans totaling $36K at 6.375%. My mortgage is an FHA 30/yr at around $1100 a month (3.5%). I was left with about $60k after my mom passed away and I feel she would nag me to pay off my student loan but I'm just not quite sure. Any help is greatly appreciated, thank you! + +Updated: + +Thanks everyone for the advice. I just paid off the loan this morning, it feels amazing. Fairly certainly my mom would've wanted me to start down the path of being debt free. Much love for you all. + +Update 2: Holy friggin' smokes, thanks for the gold! I don't know what I said/did to deserve that. Thanks again for all of the advice everyone, I'm overwhelmed with the positive notes on my Mom and guidance towards financial freedom. It's been a trying year, my mom spent the last 9 months of her life in the CICU and her life ended during a double lung transplant. I got to spend every single day with her (thanks to my job and wonderful wife). I wouldn't change anything, but even today it's clear to me she's still looking out for my brother and I. I grew up on govt/free lunch and I look forward to giving my kids (someday) that my mom would've wanted. <3 +I’ve been noticing more and more that China is being held in such a high regard by world renowned economists like Thomas Piketty for example. They do mention of course - including Piketty - that the only downside to China is the lack of freedom but I feel as though this counter argument to the Chinese model being an ideal is hand waived away. Like do we really want to look at a country that doesn’t have an independent judicial system as something that we should be striving for? + +So here’s my question really, why don’t economists look at countries like Germany instead as an ideal model instead of China? + +They have more democracy than China ever could, socialized healthcare, socialized post secondary, and many other things that all countries should be striving for in my view. + + +Thanks in advance. +I am a single mother in my late thirties. I lived alone with my daughter across the country from my family around no one we knew for 8 years, moving twice, working for the feds for $51,000/yr. It was so burdensome being alone, so three years ago I moved back home to the Hudson Valley in NY and have been staying with my family. I had +Nothing when I moved back. However, this has become untenable and I need (and needed to before, but COVID) rent a place for us. Rent is honestly outrageous. I cant find a two bedroom for less than $1,800 - so let’s round that up to 2 grand with associated expenses. I will not qualify for any assistance as my take home is around $45,000 per year - but I’m self employed, no retirement, no health insurance. How in the hell can I justify more than half my profit going to rent? I have a foreclosure on my record, I can’t buy - couldn’t afford to anyway. Rooms are anywhere from $700-$1000 per month and I am uncomfortable anyway moving a teenage girl into a house of who knows who. + +Can anyone give me some kind of pick-me-up here? I CAN pay the rent but I’ll be working mostly just to pay someone’s rent and I work 7 days/wk as is. Goddamn. +# UNITED STATES + +* US core **inflation** met the feds expectations at 2.0% +* **Consumer** **spending** is 5% higher this time around compared to last year + * Meanwhile **income** **growth** fell shy of expectations by about half +* The **Dallas** Fed reported very **strong** **activity** in their regional **manufacturing** report + * **Labor** **shortages** are easing + * **Costs** of inputs are still rising, but the pace is slowing + * **Delivery** bottlenecks are easing + +# OTHER + +* The S&P 500 closed yesterday hovering just above **correction** territory + * Close to half of US stocks are in a **bear** **market** + * In terms of market value loss - **global** **stocks** are having their worst run in a decade +* As earnings season wraps up and the buyback blackout period comes to an end, institutional investors and **share** **buybacks** may buoy the market yet again +* **Energy** **shares** shit the bed yesterday + * Meanwhile **US** **oil** **production** continues to climb higher + * If **US** **shale** output doesn’t increase, global supply will not be able to meet demands (I posted a deep dive into US Shale last week, browse my history) +* **Coffee** and **Sugar** futures are falling as the Brazilian real falls following the election of right wing populist as president of **Brazil** on Sunday +* **Mexican** **markets** shit the bed after their president-elect held a vote to cancel a $13bn partially built airpot in Mexico City +* **New** **building** approvals are falling rapidly in **Australia** (Actual -14.1%| Expected -9.0%) +* **South** **Korean** business confidence has evaporated + +# CHINA + +* The **yuan** remains at a ten year low +* Peer-to-Peer lending is slowing fast +Hi all, +I’m 34, engaged/married (partner is stay at home) with 2 kids (1 and 3yo) and recently sold 38% of my company to a Private Equity fund for 1.9M (EURs, I’m based in EU) or 1.55M after taxes. + +I will keep my position as CEO for 300k/y. I don’t plan to retire soon as I both love my job and will keep working consistently on my venture at least over the next few years. Yet, I want to start planning for fatFIRE. + +Last but not least, I’m from a very frugal mid-class family. We live with roughly 3/3.5k month, up until now we basically had no money (±80k/savings) and I’m currently the highest worth individual in my extended family (which is driving lot of attention from relatives). + +I’m seeking for advice from people with a similar story/experience. How do you ensure not to blow all the money? Any recommendation for investment? Should I just drop all we have in index funds and keep a minimum emergency fund in cash? In addition, I’m starting to be chased down by private bankers/financial advisors - any experience investing with them? +1929 market crash, 1987 Black Monday, 2001 dotcom bubble and 2008 housing market crash. (Speculation here but another housing crash is most likely going to happen once people can start getting evicted for not paying when the covid eviction restrictions expire.) + +Wallstreet hasn't changed, when there is another crash, there will be a bailout (again), high ranking CEOs will get fat bonuses (again) and no one will go to jail (again). And really, who can blame them? The SEC hands out trivial fines that are essentially bribes. Wallstreet is happy, SEC is happy, the Fed, in general, is happy and the tax payers get pushed further into a serf class. It was all good in the hood until apes got involved. Now, those high ranking CEOs might actually have to answer to someone as all that money is going to people that aren't in the club and will be used to help people instead of hoarded away. + +I've seen a small amount of people say that POTUS and his administration are with us. They aren't, they don't give one solitary fuck about any of us. Actions speak a hell of a lot louder than words. We're up to, what, 6 trillion in "covid relief"? Where's that money going? Not out to the people racking up debt in these trying times. They could give everyone in the US roughly $20,000 with what they've spent. I know I (and millions of families) could've used that to get some medical bills, car loans and credit cards paid off to cut down on some of my monthly bills. + +If you want more proof, the DTCC is putting in all these rules to ultimately do what? To make sure the Fed isn't the one holding the bag and can retain some amount of power. No one knows more than the government that money is power. The last thing they want are hundreds of thousands if not millions of people being able to have the means to go do whatever the fuck they want while telling those in power to go fuck themselves sideways. No one actually wants this to happen as it completely upends and destroys the power structure in place. + +The only time you will see meaningful action on something is when the pain of consequence is greater than the pain of change. There must be waaaay more going on behind the scenes for the DTCC to be acting with a swiftness like it is. To quote Neil Patrick Harris "It's afraid!" + +This is the one chance to actually get some accountability for this mess they've made and I'm holding until someone goes to jail for this shit show. + +Power to the players. Profits to the people + +*U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.* + +*Many U.S. airlines are cancelling between 60% and 80% of their flights, and under federal law passengers on those flights are entitled to full refunds, Senators Ed Markey, Elizabeth Warren and Richard Blumenthal said in a statement.* + +Read full article here: [https://finance.yahoo.com/news/u-airlines-sitting-10-billion-140848034.html](https://finance.yahoo.com/news/u-airlines-sitting-10-billion-140848034.html) + +The question is if these lawmakers/senators would force the airlines to refund the passengers or would they sleep with the airlines? + + +Edit: original post here: https://www.reddit.com/r/stocks/comments/g3363x/us_airlines_sitting_on_10_billion_in_travel/ +The struggle is real. I was buried under student loans and juggling them one at a time while dealing with unemployment during the recession. I got a lucky break that started me in an IT career. Then I got a job with a company that give me enough tuition reimbursement to get my degree one class at a time over 4 years. Today I just signed the paperwork for a job of my dreams. I never thought I would get here but to anyone out there struggling but working and improving themselves every day it will pay off eventually. +MyCrypto is telling everyone that it's a rebranding; but it's **NOT** a rebranding because MEW still exists...and not all of MEW team is on board (or was even aware of this so-called 'rebranding'. This is the formation of a new company entirely. + +When a new company forms from an old one--regardless of the reason, you start from scratch with customers (followers in this case)...even if you advertise directly to the clients of the other company, it's your job to convince those clients to come to you as opposed to staying with the brand they know. + +The followers of MyCrypto never followed MyCrypto--they followed MyEtherWallet. This was a very dirty, backdoor move and seriously affects my ability to trust MyCrypto. So I for one am unfollowing @MyCrypto. + +I also think it's an excellent time for people to download the official Ethereum wallet until you learn which brand they can trust. +I don’t really care about politics right now. I don’t care if you like Obama or trump. I’m simply looking for facts. How did each of these administration’s policies impact the economy. + +I know critics of trump says he inherited a growing economy and I know supporters Obama say that he inherited the worst economy since the depression so it’s not his fault. + +I also know trump supporters say that it’s due to trump since the stock market soared the day after he got elected. + +But factually and numbers wise, what can we say about this and what do most economists agree on? +I'm considering moving to France as a freelancer and mainly work for a Germany-based company. Is this possible? Would I pay less taxes than if I am resident in Germany and working as a full time there? + +Considering that I can live in France or Germany, and can be full time or freelance (getting paid equally in both cases), what is the best scheme to pay less taxes? Thanks! +Hi guys, I’m just rent my property to two new tenants, both of them are paying me all cash every month. Around 7k monthly that I have to deposit in the bank. Sometimes it’s all 20bills, and bank ask for my ID every time I deposit. Would that be an issue long term? + +Does anyone have similar issue? +&#x200B; + +https://preview.redd.it/nep79owacm471.jpg?width=225&format=pjpg&auto=webp&s=3cca985daeb2c3eaf586b39dcb91e16d71fdbd89 + +&#x200B; + +u/CreamyChickenCock posted a really interesting thread [here](https://www.reddit.com/r/options/comments/nwvxr4/gme_recieved_a_90000000_premium_purchase_on_the/) which is worth reading in its entireity. + +Highlights: + +\- price action is "mind blowing" (in an odd way) + +\- drop may have been due to the share offering ("buckle up" theory) + +\- "The price action is totally insane. If the shorts covered in January how is this still happening? Are they hiding their short positions with deep in the money puts? Is that possible?" answered in our numerous DDs + +\- " Funny thing is when the media down plays the seriousness of GameStop and then you see someone drop 90mill on puts. If this was just some penny meme stock, there would be no completely public searchable information showing how hard shitadel and others have been manipulating the hell out the value. Yet fraud news agencies are not investigating. I feel like “the news” used to do detective work, journalism... for the people. Now they lie and harm people. " + +&#x200B; + +\- drop may be due to shorters closing their positions (300k shares) from earlier in the week + +&#x200B; + +\- " If you're at the same time a hedge fund and a market maker, you can play options by shuffling money on the books to "force" your MM arm to make plays to stay delta neutral and get the desired price movements. Normally that would be incredibly expensive and not realistic, but if you're just shifting pretend monetary obligations between two wings of the same company, it's effectively free. Welcome to your free and fair market. + +Edit: If you want a market maker to use his legal ability to naked short what might you do? Force him to sell to stay delta neutral? Oh neat what would you do? Buy a shit ton of itm puts so he's "forced" to sell a shit ton of shares naked as he is "required" to do to stay delta neutral? Oh shit that would be super expensive..... Unless you're a hedge fund AND a market maker." No idea who this could be referring to.... + +&#x200B; + +The Hedgies are running out of options (literally) to cover themselves. As usual there is NOTHING from the mainstream media to report on this. + +Research is solid, jet is fuelling. **Buckle the fuck up fellow apes!** +I have some PEP stocks and consider adding more. My ideas are quite simple: they're still below the pre-COVD levels and their business will definitely benefit when things will be back to normal. The Debt/Equity is what scares me a bit, but I don't expect them to disappear. +Their dividends are still above the 5-yr average. +Nobody wants to believe it’s true but it’s becoming obvious that investment property as a source of income is fast becoming a mug’s game. + +And the more you pay for the apartment or house in the city, the more of a mug’s game it is. + +It’s the flip side of a mind-bending acceleration of residential property prices over the past two decades that has now left us with yields (or income from the property expressed as percentage of the property price) that are at unprecedented lows. Yields are better as you move to the city fringe and regional areas, but the majority of investors have their money sunk into buildings in big-city districts. + +We already know that cash as an income proposition is hopeless, but the miserably inadequate ­income to be expected from property is a comparatively new development. + +The accepted wisdom for investors has always been to build equity — that is, to work towards owning a property outright. But consider this: a few days ago in the Wealth section we published a contribution by Rodney Horin, who is an adviser at Sydney-based Joseph Palmer and Sons. He mentioned the case of a 57-year-old divorcee with two dependants who had come to him for advice. + +The problem: she had $3m in investments and did not make enough from the portfolio to support herself. Hardly a case for community-wide sympathy, you might reasonably suggest, but here’s the issue — she was only making $70,000 a year from the portfolio and that is considerably less than the national average wage of $85,000. + +Most investors would like to think if you have built — or owned — an investment portfolio worth $3m you would be able to live very well indeed. + +Not so. It turned out most of the money was in very expensive Sydney residential investment property and cash. Horin has recommended she sell property and reinvest in the sharemarket to double her annual income. + +We had hundreds of comments on this story. In short, most readers found it hard to believe the numbers could be so bad. + +Just days later in our weekly podcast The Money Cafe (which I do each week with Alan Kohler), we had correspondence from Mark. Here’s a verbatim extract from Mark’s email: “My father saved for his retirement by purchasing property. Old school, he did not trust the stockmarket. + +“He has $3,000,000 invested in residential property earning 2.1 per cent before expenses. that is, $63,000. + +“Expenses are 0.5 per cent, leaving an income of 1.6 per cent, that is $48,000. + +“But then there is land tax, $25,000, leaving him with an income of $23,000.” + +On Mark’s numbers, the 57-year-old divorcee advised by Horin was doing quite well! + +A deep problem + +There is a deep problem here. Put simply, an older generation who thought they could live off income from investment property are very often extremely disappointed in the reality of investment property ownership. + +Of course, this group has the option to sell and make a profit, which was probably never the plan but may soon have to be. + +A later generation who are buying at the levels where the yields are less than 3 per cent and trying to make it work by hoping for good price appreciation coupled with negative gearing have bigger problems — they are unlikely to make the profits of older generations and the income proposal is hopeless. Perhaps negative gearing can improve the numbers, but with mortgage rates at 3-4 per cent the tax deductions are not what they used to be when rates are so low. + +What on earth is happening? It’s the direct consequence of our artificially low interest rates, which have created a unique set of investment circumstances. + +One way to get a grip on this is to think of city-based residential investment property in the same way you might consider a stock that has surged on the sharemarket to a point where the numbers are stretched beyond belief. + +You can compare investment property to CSL, the new champion of the ASX, CSL’s share price has doubled in the past year. CSL is now on a price-earnings ratio of 54 times earnings and pays a dividend yield of less than 1 per cent. + +AMP chief economist Shane Oliver has just published an interesting exercise in which he attempts to explain residential investment property on the same metrics as shares. Oliver points out that this era of low inflation and low interest rates can go a long way towards justifying the elevated prices we are seeing and he reminds us that shares are still not expensive relative to bonds. The forward price-to-earnings ratio of our market is on more than 18 times earnings. + +On Oliver’s calculations, if we try to create a PE ratio for residential investment property, the PE is a whopping 50 times for residential property compared to about 12 times earnings a few decades ago. + +To put that another way, residential investment property is like investing in CSL for income! + +As Oliver says, “lower rental yields point to more constrained returns from property on a ­medium-term basis”. + +Sure, we will take that on board. But the point to keep in mind is that those constrained returns relate to when you sell the property. + +As for trying to make an income from it in the meantime, owning property and hoping to make an income is a mugs game. + +https://www.theaustralian.com.au/business/wealth/when-property-is-a-mugs-game/news-story/c076f9c44ba4c51fa804bc011536d230 +Drill that through your head. DO NOT SELL. HOLD YOUR SHARES. + +\- You are most likely going to see price dip before a short squeeze. You may see this thing come down to 100$ before it lifts off. DO NOT SELL. + +This is not financial advice....I literally can't read a candlestick chart and I've gambled all my ex-wifes money on GME. +In the 11th hour, the Senate has [snuck](https://www.coindesk.com/podcasts/coindesk-podcast-network/dangerous-28b-crypto-provision-infrastructure-bill) in an infrastructure bill provision that would dramatically expand financial surveillance of the crypto-economy. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. + +As lead negotiators for their respective parties, it is critical that we strongly urge Senator Kyrsten Sinema and Senator Rob Portman to remove this vastly overreaching provision from the infrastructure bill as soon as possible. The Senate votes on this today, so we have to move fast! + +**The most important thing you can do is to call their DC offices 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 remove the cryptocurrency provision from the infrastructure bill. This provision would dramatically expand financial surveillance, harm innovation, and 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.”** + +*Edit: This is not about taxes! This provision would force a vast number entities in the crypto-economy to start recording and reporting information like your name, address, and the public address of a given transaction. That way, from one transaction, they can unmask you, and track and monitor all of your cryptocurrency activity. These details would facilitate mass financial surveillance that is totally overreaching and unacceptable.* +Just a rant. + +Have you ever read John Scalzi’s internet essay “Being Poor”? Well, in it he says something like “being poor is four years of night classes for an Associate of Arts degree” At first, it doesn’t seem like a bad thing, and for many, I am sure it was an accomplishment of a lifetime and a ticket out of poverty. But, I also think that anyone who has gone to community college part time can understand what a burn that is. Because it’s basically a worthless paper you pay for, after busting your ass for years, balancing work, family and school. + +Anyways, that is a preface to what I want to say today. Oh one, more point that Scalzi makes, “Being poor is having to live with choices you didn’t know you made when you were 14 years old.” + +Shit, I’ve been making bad “choices” since the day I was conceived. I grew up with white, high-school educated, working class parents. My dad had six kids by the time he was 30. Bad decision I made being born. We moved four times (that I remember) before I started kindergarten. I was homeless for a month following the death of my infant brother during first grade (SIDS is correlated with poverty btw). In some ways I had privilege, like my race, and extended family that we could stay with when we were in between apartments, etc. And in other ways I got the shit end of the stick, no money for healthcare, ill-fitting hand-me-down clothes, depressed parents who often weren’t around due to work and their own mental illness and addictions, no enriching activities (besides camping), and just a general lack of opportunity that middle class kids are offered. I wasn’t physically abused, so I am grateful for that. + +This all developed into me not being a model student as you can imagine. I got good grades, (maybe because I had a mother who read to me) but my parents couldn’t have told you the difference between AP and remedial classes, they couldn’t tell you the difference between community college and university, they couldn’t tell you want graduate school was, they didn’t have money for dance lessons, tutors, or travel. They subtly encouraged me and my siblings to follow them into their lines of work, restaurant and auto body work. My father’s spelling is adorable and frighteningly awful. My mom used to ask me to call people for her because I “sound professional” as she put it. She knew her class came across in her accent, mispronounced words and inability to form a logical argument. + +I took the inevitable (?) “poor girl route” and got pregnant while I was both young and unmarried. I wasn’t a “slut.” He was my second boyfriend I ever had in my life; there was a very short time between me being able to describe myself as a virgin and as pregnant. I didn’t try to “trap him”, I legit didn’t know how easy it was to get pregnant. I had never gone to the gynecologist before that point (why don’t high schools offer free gynecological services?!) and I was not on birth control. I was 19. I was just scraping by living in an apartment with a friend. My boyfriend said he’d support me in whatever choice I made. I wanted to give this child a chance at life. After all, I had felt that my youngest brother was cheated out of his life. I had the baby. She changed my life, and she is my life. + +Now, she is the age I was when I was pregnant with her. She is on birth control, she is in college, she is on a good path in life. She has had a life of doctors’ visits, enriching summer classes, trips out of town. She had teachers who told her she was smart and that she had a future. She is awesome. We once were on medical assistance and food stamps and free lunch. Now, we are not. + +I pulled myself out of poverty. I do not qualify for assistance anymore. I pay real rent, and I can pay all my bills and even save money sometimes. Two years ago I went on a two-week vacation to Europe. I was miles away from being the little girl in dirty clothes with bad teeth and teachers who told her that she smelled. I was miles away from being the single mom having her hours cut because her daughter was sick and she couldn’t find back up child care when day care wouldn’t allow her in. I should be happy, right? + +Now, I have a job that ways almost 42,000 a year. Why the fuck am I posting to “povertyfinance?” + +Because I am tired. I’m so fucking tired. I work with people ten years younger than me, who make the same or better pay. They are buying houses with gifts from their in-laws. My parents cannot afford to give me a down payment and I know I’ll never be able to save up enough to afford one. My car is literally falling apart, and the idea that I’ll need to add a car payment on top of my other costs is killing me. I am trying to help my daughter as much as I can, so that she doesn’t need to take out loans. I sometimes long for the days of Sect 8 housing and food stamps. Maybe I am just kidding myself. I’m NOT POOR ANYMORE. I know that. Why do I still feel that way? + + +I’ll never get married again (I had one brief and unhappy marriage) Men want to date 25 year olds, not 40 year olds. When I meet men on dating sites, they ask me what my hobbies are. “Do I ski? Do I go salsa dancing? Why don’t I purse a Master’s degree?” + +What I want to say to those men…When did you learn to ski? Who taught you and provided the equipment? Who watched your kid and paid for the babysitter and the dance lessons? WHY the FUCK would I go back to college? Who’s doing to pay for that? Should get more student loans so I can come out making $47,000? I’m making “entry level” wages for a Bachelor’s degree, and yes, of course I earned a terrible, unprofitable bachelor’s degree. Nothing practical or in-demand. That’s something else my parents and I didn’t know as uneducated working class people: the difference between a history degree and an accounting degree. Successful men don’t want to date someone like me. I’ve been treading water for 40 years. + +My parents are at the age where they are retiring with no savings and ill health. FML + +My kid is getting out of this, and I guess that I how I can die knowing my life wasn’t a complete waste. + +Until then, I am living paycheck to paycheck, wondering how the fuck I can’t thrive on the pay I receive right now. I am anti-consumption, I have very few wants, but I just can’t seem to find peace of mind. I’m meditating but I haven’t found peace yet. All I want to do is escape. + +I am so sick of car insurance, car repairs, buying work clothes, paying for medical costs, god damn broken iphone5 screens, the price of everything going up, society’s expectations. Needing “payments” just to live. I just want to live without having to get loans. I want to live without having to get a Master’s Degree. I want to love without throwing myself at successful men, hoping one will share his bounty of resources. I’ve long given up to the “prince charming knight in shining armor” bill of goods sold to little girls looking for escape. I used to pray to be saved, and I worked so hard to save myself. I don’t pray anymore. But I search for peace. I just want a break from these fucking choices I made before I realized they were choices. I want a break from 4 years of night school. I want a break from looking like a desperate whore. I want a break from applying for credit. + +I know that life is suffering and I should make peace with that, and I realize that I am not even suffering. These are first world problems etc. I’m not poor anymore. I just wish I could shake this poor feeling. Does it ever go away? + + +Thank you for listeing to me. + +TfLDR rant about how I grew up poor, had a baby, started to work my way out of poverty,”made it” out if official poverty, but still feel poor/like crap sometimes. + +UPDATE/EDIT Reddit, you all are making me cry, laugh, feel validated. Everything. Haven’t had the chance to thank and respond you all yet. But thank you so so so much for the support and compliments and advice. + +And OMG SILVER AND GOLD?!! Thank you 🙏 💕 this is one of the best days of my life. +$GreatApe just airdropped some of their supply to another community harmed by a scammer + +The Great Ape community is awesome! Think they’ve only been around a couple weeks but are doing good such good work already. This week they decided to collect donations of their $GreatApe token and donate them via an airdrop to Fairmoon holders. This was after Fairmoon was rugged by known scammer Waronrugs. + +The Great Ape token itself is wicked as well. It was created by the dev who wrote the now famous Reflect code in RFI. That code has been used in so many tokens now for the friction-less yield that everyone does these days. + +This is the dev’s first Binance Smart Chain token too. Written from scratch and has lots of new features in the security of it and gas saving features. It’s 100% un-ruggable as well, as it was launched in a new way, with an ownerless contract and the LP was burned automatically on launch. + +Still under $2m marketcap with almost $700k liquidity on PCS too! + +Information: + +Supply: 100,000,000,000 $GREATAPE tokens + +Burned: 20,000,000,000 LP: burned on launch + +Elastic Tax: Currently 7.5% on each tx (5% to LP, 2.5% RFI fee to holders). This will reduce to 5% next week as well (2.5% LP and 2.5% RFI). + +Website: [https://greatape.cc/](https://greatape.cc/) + +BSCscan: [https://bscscan.com/token/0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98](https://bscscan.com/token/0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98) TG: [https://t.me/Great\_Ape\_Official](https://t.me/Great_Ape_Official) + +Twitter: [https://twitter.com/GreatApeCrypto](https://twitter.com/GreatApeCrypto) + +Medium: [https://greatapecrypto.medium.com/](https://greatapecrypto.medium.com/) +I’ve owned a triplex in Philly for 8 years, my tenant is leaving in one of the units in May. I listed it 15% over what I’d normally think is appropriate and I’ve gotten 75 responses in less than 2 days, just from Zillow (usually I list with multiple websites but didn’t think it was necessary now). Is this the same for everyone? +Keep up the great work. Someone once told me the best investors have the strongest understanding of the numbers. + +People might think there are too many of these posts, but understanding a deal and all the inputs / outputs is essential. +Sup Apes, + +&#x200B; + +not financial advice. + +On a mission to prove (some) TA actually works 🚀 + +check out yesterday's prediction: [https://www.reddit.com/r/Superstonk/comments/nvh6xr/i\_predicted\_todays\_peak\_by\_45\_my\_thoughts\_for\_the/](https://www.reddit.com/r/Superstonk/comments/nvh6xr/i_predicted_todays_peak_by_45_my_thoughts_for_the/) + +in my post from yesterday, many of you thought i was shilling by saying I saw 264 coming today. Who's retarded now bitches??? I'm no shill, I just tell you what the chart is saying to me in an unbiased manner. look at the low of after hours today... + +[30m](https://preview.redd.it/rf9utqvhdb471.png?width=2766&format=png&auto=webp&s=e165efd7cccc80764a7c2a54231ee345708e3e23) + +So... now that we know we can accurately use EW to predict movements, i've got some juicy confirmation bias for you. I apologize for my post yesterday not being too enthusiastic, it was only because I had a strong feeling that based off our wave setup that a steepish correction was inevitable. Low and behold, we hit my loading zone from yesterday (visualized above by the purple fib lines). + +Using EW, in the very low chance today was NOT the bottom of our cycle 4, then 238.1 would be our next target. ABC correction targets ideally 50% of the 12345 impulse, tho on a bigger scale we look to have completed our cycle 4, which targets 38.2% of the 123 (im so so so sorry i know this probably makes no sense, but I promise it all checks out and adds up) + +Using this, lets zoom out and see where our cycle 5 should end up, based on the *assumption* that 264 was our cycle 4 completing: + +[specifically look at the white \\"waves,\\" this is our cycle set \(3rd biggest subdivision of waves in EW speak\)](https://preview.redd.it/4vs0tr4reb471.png?width=2130&format=png&auto=webp&s=2c0bb2c6e801f7ad1b8a219efb183a7b1daf5228) + +Idk about you all, but I'm waking up as early as I can and abusing the buy button on my brokerage. this dip won't last long, take advantage of it! + +So lets talk upside price targets now. given that wave 5 targets a 1:1 of wave 1, we can conclude that we should hit AT THE VERY MINIMUM 368 before seeing a strong (ish) correction. Keep in mind, if we crush that target, then we can re assess (granted I'll need to chart out the intermediate waves within the cycle for more precise targets, I'm just too lazy and giving you a basic outlook for the rest of the week. + +For your convenience, should we absolutely crush the 368 targets, watch the levels below for a rejection and show us how strong your diamond hands really are! + +[possible cycle 5 targets should we exceed 1:1 extension ratio](https://preview.redd.it/9ccn44j9fb471.png?width=556&format=png&auto=webp&s=c5ee1dfb0294be41d1494bf10e726b972352c0d2) + +first of all, don't you fucking dare day trade. With this roadmap I hope you have a better idea of what to expect going into tomorrow and the rest of this week. I'm ecstatic. + +&#x200B; + +For fun, lets zoom out and see for the hell of it what my bigger targets are, for the super cycle and grand super cycle: + +&#x200B; + +[hehe](https://preview.redd.it/lg944b4qfb471.png?width=2636&format=png&auto=webp&s=320f403b87ff115f72a15b023a657dd871505c3d) + +and keep in mind, this isn't even the squeeze. This is just the calm before storm. + +TLDR: BUY DIP. VERY LIKELY 264 was bottom of cycle 4, meaning in ape speak, now we go UP to at least 368.68 in the next few days. if by the off chance that 264 was not the bottom, expect around 238, but no lower (should literally be impossible using EW) than 219. CHEEEEEEEERS! + +buckle up ;) + +edit: I see some people saying my "predictions" aren't valid because I lay out a few different scenarios. In the market, it's not so much about being 100% certain of an outcome, rather be certain of the possible outcomes and act accordingly. This is why I give all the possible scenarios. + +edit 2: today feels eerily similar to the day after march earnings where shorts tried desperately to push price down, we all know what happened the next day... + +edit 3: possibly (6) final update for today, looking to have bounced at the 264 level as outlined, I should have mentioned this target in the DD, though it was mentioned in the comments somewhere with another EW ape. keep an eye on 256 as well. + +edit 4: lol just for fun, take a look at $IWM, its laughable how desperate they are at this point + +edit 5: I set buy orders at 264 and 257, went to the gym and saw we were around 245 and got super excited. Thanks ken, threw the rest of my checking account in and set a buy order at 238 and was super happy to see it filled. The fact that we keep dipping slightly below the 238 level tells me SHF are hunting stop losses, but the fact that they aren't pushing it much farther tells me they're running outta ammo. I really hope you all took advantage of today's fire sale, i got a feeling tomorrow will be like march 25th 🚀 + +edit 6: nooooo hahaha we broke below 219. Lower your pitchforks please lol, I'll draft a new theory tonight. All this means is that i have to redraw my cycle wave set, as we broke the rules of EW today. Just means juicier upside targets, cause this would technically be a cycle "2." Imma need to really wrinkle my brain to redraft this, thanks for putting your faith in my abilities nonetheless :) For what its worth the next bounce candidate i had on watch was 213 + +edit 7: holy fuck I'm so jacked, wait till you see my new dd... todays price action confirms something huge!!!!! 213 is THE BOTTOM!!!!! + +edit 8: lol i love y'all so much i went and gave targets on gangnam style for a few minutes when reddit was down, you found my youtube channel if you were there ;) +I recently accepted a job where I will be making 6 figures for the first time in my life. No salary I have had before even came close to this one and nobody in my family has ever had any type of financial success. (That’s putting it nicely) + +Any general advice or tips in terms of managing finances? Anything I for sure need to be doing 401k wise or anything really? + +Thanks for any advice in advance! + +Edit: wow, thank you everyone! I will make my way through each reply. +In about 80k in CC debt with very poor credit (~550) after some poor college and grad school decisions. However, upon graduation am now a high earner (~200K/year). I’d like to get one large loan and payoff all my debt through that, but having trouble finding an option due to my low credit score, lack of credit and high utilization. Any options? +>At least two online financial commentators who run channels on the Google-owned video platform have had clips removed by YouTube this week. +> +>“Right now my main concern is that Nikola is using copyright strikes to silence their critics,” he told the Financial Times, adding that he was considering filing an appeal with YouTube. + +[https://www.ft.com/content/e2d4fa14-b61d-4302-8a6e-02ba43349452](https://www.ft.com/content/e2d4fa14-b61d-4302-8a6e-02ba43349452) +**Update 4/20:** WOW, I woke up to over 5,000 likes, I seriously didn't expect all this love! Thank you all so very much, it truly means a lot!! I posted a [video walkthrough](https://www.youtube.com/watch?v=myc_KexWcrY) as well for anyone interested. + +# Summary + +Hi all, it's your friendly data science guy! There are many opinions on how high ETH can reach this cycle, so I looked at the data to get a better answer. + +**In 2017:** + +* **ETH Dominance** (ETH/Total Crypto Cap) ranged from 9% to 18% (peak) to 30% (July 2017) +* **ETH/BTC** ranged from 0.007 to 0.1 (peak) to 0.15 (June 2017) +* **ETH** was overvalued by \~4096% in 2018 peak relative to logarithmic regression + +**In 2021** + +* **ETH Dominance** (ETH/Total Crypto Cap) held at 7% +* **ETH/BTC** held at 0.016 + +**Takeaways** + +* If we look at ETH Dominance and ETH/BTC tables below, the average of the likely scenarios in red box are in the **upper 8k range** + * The total crypto market cap went up by 55x from 2013 peak (15B) to 2017 peak (830B) + * In 2021, it is certainly not impossible for crypto market cap to go up 5-10x from 2017 peak +* ETH will likely hit a resistance at 1T market cap. Given that this market cycle is faster than last cycle, its possible that we will peak out sooner in \~Aug/Sep. ETH at 1T market cap (adjusted for increased supply) in Aug is **8,511** +* If we look at ETH Log regression in August and apply a similar over-valuation, it puts ETH at **7,805** +* The most likely outcome is that **ETH will reach \~8k this cycle** and any higher is statistically unlikely. + +&#x200B; + +# Details + +&#x200B; + +[ETH Dominance](https://preview.redd.it/no0vrk9bd9u61.png?width=810&format=png&auto=webp&s=98a0be992deca64567383c1e503e9eebb82f330c) + +[ETH\/BTC ratio vs BTC Price](https://preview.redd.it/8wkntkbs89u61.png?width=829&format=png&auto=webp&s=003aebf6cfedf9c0a65d6df2917bd37396b967b8) + +&#x200B; + +[ETH Log Regression fitted to non-bubble data](https://preview.redd.it/mmsaxaeu99u61.png?width=838&format=png&auto=webp&s=e73d0298cb20e5ad16df5ac1749c0f8a056a16f0) + +&#x200B; + +[Bitcoin Cycles compared \(shows how current cycle is moving faster than last cycle\)](https://preview.redd.it/zlblrygta9u61.png?width=960&format=png&auto=webp&s=ef0ce5a0d28a524e8ced03b5e2f6ca52ed712961) +Many users are waiting for S&P 500. + +Why do most Indian investors want to invest in S&P 500? + +Both S&P 500 and Nasdaq 100 took decades to recover whereas our Sensex and Nifty recovered within a year. +So I've been enrolled in my company's sharesave scheme for the past year-ish and re-enrolled this year too. The scheme runs on a rolling three-year basis so I've got 2 years until the first scheme matures, so I'm very much just thinking ahead right now. + +At today's closing price, if I were to sell I'd make a ~45% profit. Though my company's share price is fairly volatile and is only up 1% from 3 years ago. So that 45% gain really only represents my 20% discount plus the recovery since last year's flash crash. Kerching, kinda. + +Even though I'm 2 years away I'm trying to decide now what I'll do, so I can make some plans around it. + +Assuming the share price doesn't nosedive over the next two years, I think I have three options; + +1. Buy the shares at the cheap price, hold them, and enjoy some dividends twice a year while my pool of shares grows every year as the scheme continually matures and renews. +2. Sell the whole lot, take the profit, and just funnel the cash into my ISA or towards a house deposit and a holiday etc. +3. Recoup my initial investment and "let the profits ride". + +I like the sound of all three. I like the idea of my company paying me dividends on top of my salary, it's how a lot of people at my company have made a lot of wealth over the years. But I also appreciate the fact that it's a bad choice for diversification, considering if my company fails for some reason I lose my job and thousands of pounds in savings... + +Additional thought is whether I renew the scheme at all next year. Say I enrolled three years ago, I'd have made a 20% profit, but that's got to be below the returns on just taking the cash and putting it into my regular global tracker... What's to stop that happening again? + +Just wondering what other people do? + +Mods: This may be a better question for UKPF. If so just let me know! +As the title says I received 3 apartments, 2 of which are valued at about 250,000 euros and one more at 350,000. I also got my mother’s house which is worth around 500,000. From what I understand the apartments are owned by a company that my mother created (which has no employees) which I assume was created to keep the income tax low as all three apartments are rented. The house as I understand is on my name now. The problem is that this summer I am leaving my home country to study abroad and I don’t have the slightest idea of what to do. +Wondering what would be the procedure or if anyone has had an experience where a company listed on the CSE, TSXV or TSX has moved to the NASDAQ and what the process was. Thanks folks +**TLDR:** + +* Fuck you Fidelity +* Fidelity refuses to perform the action that would Direct Register IRA accounts. +* Fuck you Fidelity +* Per ComputerShare: IRA's are ready to be received by way of "DTC W/T Transmission" They are ready and waiting. +* Fuck you Fidelity +* Fidelity REFUSES to do this. and REFUSE TO EXPLAIN WHY. They ONLY say they "Can't" +* Fuck you Fidelity +* The SEC said I should ask for a Compliance Director + +&#x200B; + +Remember this Chestnut: [https://www.reddit.com/r/Superstonk/comments/q853fv/per\_the\_sec\_if\_you\_feel\_like\_your\_account\_has\_not/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q853fv/per_the_sec_if_you_feel_like_your_account_has_not/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/dzj0x24hj6381.jpg?width=759&format=pjpg&auto=webp&s=18ba07dcc7ffffc622b150923026ec403ed2debc + +I've been trying to get my IRA's moved to ComputerShare for weeks. I've talked to Computershare many times and we have everything confirmed as doable. + +**ComputerShare is directing customers to request a "DTC W/T Transmission" of their IRA Shares.** Simple as that. This process will send them to ComputerShare where they'll arrive in a separately identified account. There's no hurdles or bullshit.\**Enter Fidelity\**. If you ask them to do this, or any other Direct Registration of an IRA they will tell you that *can't*. **THEY HAVE NO REASON WHY.** + +I've asked multiple agents this specific question: +"Is there anything preventing you from DRSing my IRA account besides your boss's order?" A: **NOPE.** + +The usual response I get is it might be a taxable event. Fuck you Fidelity that's not your business. $6000 of that money is MY MONEY it's been taxed and I'm free to do with as I please. \*\*[^(https://www.reddit.com/r/Superstonk/comments/qd228b/you\_can\_computer\_share\_your\_iras\_without\_getting/?utm\_source=share&utm\_medium=web2x&context=3)](https://www.reddit.com/r/Superstonk/comments/qd228b/you_can_computer_share_your_iras_without_getting/?utm_source=share&utm_medium=web2x&context=3) + +# More specifically, Fidelity agents are saying THEY WOULD GET IN TROUBLE if they Registered your IRA. + +They won't even make the attempt. I practically begged one agent. I asked if the system was in front of them and they said yes. I told them the transfer agent said to follow these specific instructions. The agent said they couldn't. Worse, they said they especially couldn't since they already checked with the back office and it wouldn't be possible to make it seem like an accident. I straight up told the agent I didn't want him to get in trouble but it's bullshit and they should just push the order through and see what happens. They wouldn't do it, which I understand. It's such a bullshit position for the agent to be in. + +The Agents find it odd too. They'll tell you they're not allowed and they don't know why. + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +# So my Karen ass goes to their chat: + +This chat opens from my question, *"I want to perform a DTC W/T Transmission of my IRA to the Transfer Agent"* + +[Womp Womp](https://preview.redd.it/ifukj3m8j6381.jpg?width=1551&format=pjpg&auto=webp&s=5abda0409f157d49d165131cef6b8e884b0490b9) + +The SEC says to ask to speak to a Compliance Director. It doesn't say they need to comply. I think they should. I'm not calling to return a toaster oven, this is business.I shouldn't NEED to talk to the Compliance Director but when I do, I shouldn't have to send a fucking Post Card from Ragetown. That's not speaking. + +&#x200B; + +Teufel hunden gonna raise some hell. +Hi everyone. + +Title says it all really, just landed a pretty decent Software Engineering job at a UK Bank and am really excited to get started. The only slightly odd thing I’ve come across is that they say every employee gets paid into a [Name of Bank] account and if you haven’t yet then you need to open one. Not a huge deal as it’s a solid Bank with FSCS protection and everything, I’ve just never encountered it before? + +Is this a fairly common practice? I’m more curious than anything. + +Thanks! +&#x200B; + +[Banner Submission by u\/DanRamson](https://preview.redd.it/c60q3ck591x61.png?width=10130&format=png&auto=webp&s=0b40e4c466ca5422b6f7e7a292f86363df3a323a) + +# Good Morning Superstonk!!! + +*Welcome to GME shareholding. Where the company eliminates all long term debt and expands fulfilment centers and the price doesn't matter (or move).* + +[**Don't forget you submit your question for Dave Lauer for tomorrow's AMA at 3pm Eastern!**](https://www.reddit.com/r/Superstonk/comments/n3o6ng/official_ama_dave_lauer_may_5_2021_300_pm_edt/?utm_source=share&utm_medium=web2x&context=3) + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +# Top Story- Gamestop Announcements 05-03-2021 + +[Dying brick and mortar mall retailer](https://www.washingtonpost.com/business/2021/02/01/gamestop-retail-stores/) **Gamestop** [**announces voluntary early redemption of senior notes**](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-voluntary-early-redemption-senior-notes)**, eliminating all long term debt (2 years early!) and thus settling all concerns over bankruptcy- and also opening the doors to possibilities like mergers and acquisitions.** + +# DID YOU HEAR THAT MAIN STREAM MEDIA?! GAMESTOP AIN'T GOING NOWHERE 💎💎💎 + +&#x200B; + +**Oh and as if that wasn't BULLISH ENOUGH...** [**they also announced they were expanding their fulfilment center with 700,000 square feet of space!**](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york)**!!** + +&#x200B; + +# 🚨This just in- Gamestop needs more room for cool shit🚨 + +&#x200B; + +**Bullish AF!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +[The future is now, old man](https://preview.redd.it/3e6qg2rua1x61.jpg?width=700&format=pjpg&auto=webp&s=76aa20c65130c5d38d1e0b785a3b1a051fa26b57) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Proxy Voting + +Oook so lots of us are confused on how to vote, when to vote, and what to vote for. So let's remember what u/Bye_Triangle said: + +**CONTACT YOUR BROKER, THEY ARE THE ONLY ONES WHO WILL BE ABLE TO ASSIST YOU BASED ON YOUR EXACT CIRCUMSTANCES!!!!** + +It is extremely important that you aren't just taking advice on this from the subreddit, every broker has slightly different ways of doing things, and in this subreddit there are people from all over the world, using brokers with all sorts of different rules under all sorts of different legal systems. So I reiterate: + +**CONTACT YOUR BROKER** + +So, with that out of the way, we thought it may be important to touch on the process of voting again, this vote is incredibly important and could determine the future of GameStop as a company... Squeeze or no, it should be regarded as a priority for you to take the time to make your voice heard. You have invested time and money into this company and it would be a waste to not vote if you can. + +**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. Many speculate that there may be some short-seller-related fuckery with the votes given how badly they are likely hurting right now. With the untold number of borrowed shares and phantom shares flying around it certainly seems possible we may see a substantial number of over-votes (votes that exceed the total number of existing shares). It is unclear exactly how this will be handled if it does come to fruition, so it is best you vote the moment you are able. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🐈 **BUT PINK, WHAT IF I HAVEN'T GOTTEN MY CONTROL NUMBER YET?! 🦧** + +**Well, did you...** + +&#x200B; + +* 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 2 weeks 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 🤷‍♀️ + +[**Edit: 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) + +As with everything, the first step towards creating real change is to exercise your right to vote 💪 + +[I voted!](https://preview.redd.it/xowmj5skc1x61.jpg?width=960&format=pjpg&auto=webp&s=46c485c050a3f81fd2ee212844d51c68abad7766) + +# 📣📣Speaking of the importance of Proxy voting...📣📣 + +**Do you apes wish you knew why we keep talking about voting?!** + +**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), Mr. [Carl Hagberg.](https://optimizeronline.com/about/) + +*"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.** + +&#x200B; + +[**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 ͡°) + +&#x200B; + +[Carl Hagberg, Proxy Expert and Secret Reddit Swedish Grandpa](https://preview.redd.it/hh8f86s2f1x61.png?width=226&format=png&auto=webp&s=00ca119988538d9ede6a552279e97312d7c41b30) + +**Mr. Hagberg will be hosted by our very own ape** u/Atobitt **on our Superstonk Live YouTube Wednesday, May 12, 2021 at 4pm EST! Details coming soon!** + +# [And don't forget tomorrow's AMA with Dave Lauer at 3pm Eastern!](https://youtu.be/AYct0XX0uTU) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Yo I heard y'all like buildings with lights on](https://www.reddit.com/r/Superstonk/comments/n4awk0/jp_morgan_london_are_working_late_on_a_bank/?utm_source=share&utm_medium=web2x&context=3) + +[JP Morgan London yesterday, all lit up on a bank holiday. Picture by u\/killer3james on their Nokia 3100](https://preview.redd.it/ihlfap3kg1x61.png?width=1080&format=png&auto=webp&s=86ff91cb1fe39f7035c4eb18fbe83d8d659adec6) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Dont Forget This Thursday: The US House Committee on Financial Services Hearing Date set for Thursday May 6, 2021 at 12:00 Eastern + +## Title: Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III + +**The Financial Services committee announced they will be holding** [**Part 3 of their Gamestop hearings**](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748) **this Thursday.** + +&#x200B; + +[That witness list 👀](https://preview.redd.it/t1w38gxrk1x61.png?width=640&format=png&auto=webp&s=97328e09b8cc2bb5cee47582b210783c70a2a7b4) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# They're watching 👀 + +I want everyone to feel safe and welcome in this sub. There is a lot of negativity out there and we mods try our best to shield this community from the unnatural amount of hate we receive as a whole. So while you may see the 250,000 members we have and think that's our entire community think again. + +&#x200B; + +There are a lot more people watching us than you think.👀 Don't believe me? Take a look at these stats for the sub: + +* 651,000 unique views in the last 24 hours +* 2.7 Million unique views in the last 7 days +* 48 Million page views in the last 7 days +* 2-3,000 new members every day +* Superstonk Daily on the front page of Reddit 3 times last week, including a #2 spot on r/All + +Do you see those numbers? Those are **NOT** rookie numbers! And they are growing! Almost 3 million unique devices came and checked us out last week. Now do you believe me that there are *lots* of gorrillas in the mist? + +**༼ ºل͟º ༼ ºل͟º ༼ ºل͟º ༽ ºل͟º ༽ ºل͟º ༽** + +All of that to say, we are growing! And we always have room for more to learn and grow with us. Just remember that not everyone watching has good intentions and we needs to stay sharp. Remember the jungle is *full* of predators. Ignore the FUD and trust your gut (and the DD and fundamentals). Remember nothing here is advice. Except for this: + +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, or your GME extra tight every day. And make love, not war. ✌💖🦄🐈 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/ecxx2abek1x61.png?width=554&format=png&auto=webp&s=cdad6d47fddebfd6ed663d4d324d626456603021 + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +[I've got game save files older than your kids. I can wait 💎🙌](https://preview.redd.it/ksrwupgjk1x61.jpg?width=792&format=pjpg&auto=webp&s=432a4f22a2871ed36dc3064dd1bef9c74f2a3e31) + +# May the 4th be with you 🚀🚀🚀🚀🚀 + +# Thanks for your patience with flairs. Drop a comment and I'll get to what I can!!! 💖💖💖💖💖 + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) +My partner does not have a lot of knowledge/experience about managing finances, and any time I mention loans or investments she thinks it is extremely risky and basically like gambling. She is even opposed to index funds and mortgages. + +How can I explain to her that debt isn't always a bad thing, and that careful investments are actually **safer** than keeping money under your mattress? +This Citadel Twitter thing has flooded the sub without providing anything of substance, just at the time when DRS post were ramping up. Who cares about shit saying fuck when we have found a way to trigger the MOASS. Many have posted about this already but the sliding keeps happening. + +Why do you think Citadel keeps tweeting and tweeting? ITS BECAUSE ITS WORKING. + +Their intentions are as clear as day. FOCUS APES. The only thing that matters now is to put those shares to our names. Lets finish this, we will have time for shenanigans after MOASS. Dont stand on the side lines. I will repost keep reposting this everyday if I have to. + +I am calling all apes X, XX, XXX and beyond. Ameritards, Europoors and everything in between. You are doing a great job, they are hurting. + +Finally… I SEE A POST ABOUT CITADEL’s TWITTER I DOWNVOTE. + +Edit: it has become very clear to me that my view on this topic when I made this post was incorrect. DRS is still the main focus of the sub and we can discuss more than one thing at a time. So much is at stake, and we tend to get paranoic. But at the end of the day we know what we are doing and when we time comes we will have each other backs. + +I am glad that all the different opinions on this topic where discussed. There are some really clever apes in here. + +As many of you pointed out all this tweets from Citadel are a damage control attempt since their image has been severely damaged. The timing seen odd but its time for me to take my tinfoil hat off. +We were on the fence about buying a house since we like our lifestyle in this minimalism apartment a lot but we want to start thinking about school. + +But just for fun, I negotiated our new lease down and swung for the fence. $1k less than our current rent!! + +Shared with my friends and they didn’t get it. They think we should buy a house still, don’t be cheap and just pull the trigger already. + +But, I am just glad that I can lower this giant expense by a lot especially since we love living in this apartment. It is not too big, easy to clean. + +At $1k a month, that’s half of private school tuition I managed to save, you know? + +Just sharing to my homies here. + +Edit: To make this FatFIRE worthy, our net worth is almost $3M and we can easily get approved on 20% down house in Cupertino area. But we reaaally don’t want to. + +Edit2: A little background, me and all my friends are all working for FAANGMAT. We all have substantial RSUs as well (or used to until they trade them all with housing). These stocks have been growing like weeds even during covid (100% year on year the last 10 years). So, it doesn’t make sense to me to trade my RSUs with lower performing asset class. + +Edit3: We actually own 4 unit rental properties, we are not anti RE. +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. +We all hate corporate media. This documentary is not that. + +The upcoming doco is by an ape, interviewing reputable figures talking about live active market manipulation, on a highly reputable channel narrated by an actor who has spent the last 4 years playing a media mogul's son. + +The trailer is like a two minute summary of the last 12 months+. + +This is just the beginning... + +Edit: As requested https://youtu.be/ViEKPjkjEWI +This is my 19th valuation and I went for Kraft Heinz, a company that Warren Buffet admitted he misjudged the value of and paid too much (At least for the Kraft Foods part). + +Berkshire owned part of Heinz before the merger with Kraft foods in 2015 and since then, the share price declined significantly (over 60% from its high). + +As always, below you can find the video to my analysis: + +[https://youtu.be/bY1-weeBPIw](https://youtu.be/bY1-weeBPIw) + +What are the key points? + +Well, the revenue of Kraft Heinz is unchanged in the last 5 years and the same goes for the operating margin (excluding impairments). If this is not an introduction to the most boring company out there, I don't know what is. + +However, it has been a dividend-paying company for a while. The dividend/share was increasing every year, until, well, until it wasn't. In 2014, they were paying $2.15/share and it grow to $2.50 in 2018 before it was cut to $1.6/share as of 2019. It has remained at that level for a while. + +At this rate, the company's net income is around $3.2bn, which is what they would've been paying out if they didn't cut the dividends (now it's down to $2bn). It is difficult to sustain increasing dividends when the performance of the business is not changing. The huge decrease in price was a signal that the shareholders didn't trust the management that the reduction of their dividend would create additional returns for them. + +The management has used the cash mainly to reduce the outstanding debt and I can imagine that Warren Buffet had an impact on this financing decision. + +So, I did value the company based on the following assumptions: + +Revenue - 0% change in the future. + +Operating margin - 20% (based on the recent years) + +WACC - 6.5% + +The outcome: $32.16 / share + +At the time of my valuation, the stock was trading at $36.25, which is a bit higher. In my opinion, it looks like a company that is fairly stable (in terms of performance) and with the recent dividend cut, it has no liquidity issues. I do not see how it can perform extremely well in the next 10 years (let alone beat the market), but as a dividend stock, it might be a good choice for those that are risk-averse. At the current price, the dividend yield is over 4% and it will probably be increased in the coming years. + +What if I'm wrong? Below is an overview of the value of the company's share, based on different assumptions related to revenue growth & operating margins: + +&#x200B; + +|Revenue / Op. margin|18%|20%|22%| +|:-|:-|:-|:-| +|0% ($26.2b)|$27.9|**$32.2**|$36.4| +|15% ($30.2b)|$31.7|$36.5|$41.3| +|25% ($32.b)|$34.0|$39.2|$44.4| +|50% ($39.4b)|$39.6|$45.6|$51.7| + +For the company to grow 15% in revenue in 10 years, that's an annual growth of 1.4% + +For the company to grow 25% in revenue in 10 years, that's an annual growth of 2.3% + +For the company to grow 50% in revenue in 10 years, that's an annual growth of 4.2% + +&#x200B; + + I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. +I have been talking to a good friend about this idea for a while and he just doesn't seem to get it and I don't know why. I really want to help motivate him towards attaining the life he wants for himself and his family. + +To me, the amount of student loans my wife and I have are the biggest obstacle between us and the life we want to live. Saying goodbye to $600 of our hard-earned after-taxes dollars KILLS ME every month. That's why we live incredibly frugally and have a singular focus of being debt free by the age of 30 (we're 26 and have around $50k left). + +A year or so ago I was in a real motivational slump when it came to paying off debt. It happens. But then one day I started adding up all of the monthly payments we no longer had either due to trimming the budget (bye, Hulu) or paying off credit card balances, our cars and other things. That's when I realized that the amount of monthly payments we no longer have to make is around $700! Using this [nifty little calculator](https://www.omnicalculator.com/business/salary-to-hourly) for some helpful visualization I realized that the $700 per month was as if we gave ourselves a $4.04/hr raise over the last three years. Or, put another way, $8.4k annually (after taxes). + +Life is hard, debt sucks and it often seems insurmountable. Especially if the total number is in the tens of thousands owed. How much of a raise would you be giving yourself by paying it off? Any other mental tricks/illustrations you guys would recommend to help motivate a friend into not thinking their own debt situation is hopeless? + +EDIT: Wow, thank you so much everyone for sharing your thoughts and stories. One of the reasons I love this sub and Reddit in general is the opportunity to cross paths with and learn from people I never would otherwise. Keep pressing on! +ETA: Clearly this is actually a popular opinion. That or there are two groups of people in here. Those that Theta responsibly, and those that hit the front page. + +Based on a lot of what I've read here, most people use the wheel in their "fun money" trading account, relying on index funds and the like for their retirement funds. +I think, however, the best place to run the wheel is with a **portion of** a retirement account called a **Roth IRA**. Here are my reasons and rationale: + +* **You're more likely to do your research and choose better stocks.** +It's your retirement. Not a yolo account. And the wheel is meant to be for stocks you want to own or hold for a long time. You're not going to stick GME into your retirement funds. But you'll be happy to get assigned F or AAPL on that big dip, right? +* **No taxes** +Typically your earnings from selling contracts are taxed at your income level. With the new tax plan unveiled, some (not most) are in for even more taxes. However, a Roth account allows gains to grow tax free. +* **It's less emotional.** +How many posts here have involved people getting upset about being assigned or feeling like they're missing out on opportunity costs by holding stock. I think that's mostly due to timeline perception. If you're not going to touch this money for 30+ years, holding the stock is more reasonable. +I've also noticed, doing this myself, that I'm less worried about needing to take a week or two off. I'll leave my cash parked in a fund and step away from trading for a while. This is harder to do with a personal account. +* **It's a cash account** +Many people in here royally screw themselves due to margin. Your retirement account doesn't have that issue. So no worries about day trade limits or overextending yourself. + +Now, I'm not saying you should wheel your entire retirement account. Leave your 401k, IRA, SEPs, 529s, HSAs, all that alone. But a Roth IRA allows $6,000 in contribution a year. I think that's the perfect setup to build your wheel and build it into a habit that aids in retirement. +Like the rest of you I’m watching the inflation drama unfold but I assumed they had plenty of powder considering they haven’t enacted capital controls yet . + +Did a quick Google search and it appears that it’s an absolute mess in that department. Depending on how you read the books they could be 35 Billion in the hole as of now . + +“When swaps and other liabilities such as required reserves are stripped out, Turkey’s net reserves stand at negative $35 billion.” + +https://www.aljazeera.com/amp/economy/2021/12/1/turkeys-central-bank-sells-foreign-reserves-to-stem-lira-crash + +There are a lot of other articles discussing this issue . For those who haven’t seen this dog and pony show before , Foreign capital exits little by little and then ALL AT ONCE . + +The population has already lost confidence from all the on the street interviews with the little man . At this moment we can expect that connected individuals within the government and business community are converting their accounts into other currencies and transferring their funds to accounts abroad . + +Anyone want to take bets as to when capital controls fall into place ? +[https://www.benzinga.com/markets/20/04/15827572/elliott-managements-gut-tells-them-global-stocks-might-lose-50-in-value-from-february-levels](https://www.benzinga.com/markets/20/04/15827572/elliott-managements-gut-tells-them-global-stocks-might-lose-50-in-value-from-february-levels) +A few months ago it seemed like everyone influential in crypto was predicting $100k BTC by the end of the year. However, it doesn't look like that's going to happen with the state of the market at the moment. It would take something absolutely miraculous to essentially double BTC's market cap by the end of the year. This confirms three things to me: + +1.) It seems like many crypto investors, especially the influential onces are still way too optimistic and everything they say should be taken with a grain of salt. + +2.) The "so called" experts that keep being asked for predictions have no idea what they're talking about, just pulling random predictions out of their behind. + +3.) Technical analysis in crypto can only tell you so much. Essentially, everybody (including the "experts") knows shit about fuck, and you're much better doing your own research than investing based on what these bozos say. + +**TLDR:** DYOR +Just as the title says. This is an improvement over last time I was between pays and was -$200 in overdraft. + +&#x200B; + +Times are tough and discovering this sub has helped me feel less alone in this, so thanks all. + New job is doubling my salary. I will be saving plenty. But, if my calculations are accurate enough, I should have about 20-30k I'll be wanting to invest with by the end of the year...that's not including the money I will put in savings. I am in the construction industry and naturally think of buying real estate. I read a book last year that was basically the stock market for dummies...stocks are something I just have absolutely zero interest in...but I know it is something I should get into. Other than those two things...is there anything else that would be advisable to do with disposable income? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +This one is for the people planning to leave India or coming back to India. + +Article link: [https://www.thegalacticadvisors.com/post/the-residential-status-conundrum](https://www.thegalacticadvisors.com/post/the-residential-status-conundrum) + +Planning your residential status is probably the oldest trick in the book. However, so many Returning Indians/ Recent Immigrants miss out on the immense tax planning opportunities. Sometimes, simple is elegant. Simple is all you need. + +Let's start with the basics. + +**Why is Residential Status so important?** + +The taxability of your income depends on your Residential Status in India. See [Scope of Total Income](https://www.thegalacticadvisors.com/scope-of-total-income) + + +***TLDR:*** + +***ROR -*** *Worldwide income is taxable in India* + +***RNOR -*** *Indian income is taxable in India. Income earned outside India is not taxed in India* + +***NR*** *- Indian income is taxable in India. Income earned outside India is not taxed in India* + + +**What are these Residential Status connotations? How are they determined?** + +Glad you asked. Below are the three types of residential status: + +* Resident and Ordinarily Resident (ROR) +* Resident but not Ordinary Resident (RNOR) +* Non-Resident (NR) + +See the below simplified chart to see how residential status is determined - P*hoto available on article link. Sub doesn't let us post pictures.* + + +In the following cases, a person may be NR if he is present in India for less than 182 days: + +1. Being a citizen of India and leaving India as a member of the crew on a ship of the Indian Merchant Navy +2. Being a **citizen of India or a Person of Indian Origin leaving India for the purposes of employment outside India** +3. Being a **citizen of India and a NR, returning to India for the purposes of visit.** + +&#x200B; + +The last 2 conditions are very important for tax planning for NRIs visiting India and people planning to take up a job outside India. + +&#x200B; + +Further amendments were made by the Finance Act, 2020. Read about them [here](https://www.thegalacticadvisors.com/post/residential-status-amendments)[.](https://www.thegalacticadvisors.com/post/residential-status-amendments) Shorter version is as below: + +&#x200B; + +The 182 days condition indicated above will be replaced by 120 days if: + +1. You have income other than the income from foreign sources, exceeding INR 15 lakh. **OR** +2. You have income less than INR 15 lakh but are not liable to tax in any other country or territory by reason of your domicile or residence or any other criteria of similar nature. + +***Pro-tip:*** *Date of arrival and date of departure are both considered as days of stay in India. A lot of people are off in their calculation by a single day which changes everything!* + +&#x200B; + +**How to plan your Residential Status?** + +*Returning Indians* \- A Returning Indian should try to come back on or after February 1 (or February 2 in case of a leap year) of a FY in order to ensure NR status in the year of return. + +*Leaving India* \- A person planning to leave India for the purpose of employment should leave India before 28 September. + +Useful links: + +* [Planning to Return to India for good? We've made a checklist for you](https://www.thegalacticadvisors.com/post/planning-to-return-to-india-for-good) +* [Recent Immigrants](https://www.thegalacticadvisors.com/recent-immigrants) + +&#x200B; + +*P.s. - We are also offering a Residential Status calculation service. Details in original article. Not posting it here to avoid unnecessary marketing and to keep this post informative only.* +Edit: So this smoothveined ape just found out about filtering search only to DD, suggest a lot of you do the same 😂 +Edit: Since some people also need help with filtering 1. Tap the 3 dots menu in a post which has search flair. 2. If you tap on a flair in cards view it’ll search by flair. +3. To search manually; use flair_name in the search field +And for mobile users just go on to the r/superstonk page and click on the about section, then click on DD or whatever flair you like. Peace ooot this English ape needs sleep. +Morning update: Damn good mod team seems to have cleared up a load of the bs from yesterday, let’s keep it this way ape bretheren!! +Sup Apes, + +&#x200B; + +not financial advice. + +On a mission to prove (some) TA actually works 🚀 + +check out yesterday's prediction: [https://www.reddit.com/r/Superstonk/comments/nvh6xr/i\_predicted\_todays\_peak\_by\_45\_my\_thoughts\_for\_the/](https://www.reddit.com/r/Superstonk/comments/nvh6xr/i_predicted_todays_peak_by_45_my_thoughts_for_the/) + +in my post from yesterday, many of you thought i was shilling by saying I saw 264 coming today. Who's retarded now bitches??? I'm no shill, I just tell you what the chart is saying to me in an unbiased manner. look at the low of after hours today... + +[30m](https://preview.redd.it/rf9utqvhdb471.png?width=2766&format=png&auto=webp&s=e165efd7cccc80764a7c2a54231ee345708e3e23) + +So... now that we know we can accurately use EW to predict movements, i've got some juicy confirmation bias for you. I apologize for my post yesterday not being too enthusiastic, it was only because I had a strong feeling that based off our wave setup that a steepish correction was inevitable. Low and behold, we hit my loading zone from yesterday (visualized above by the purple fib lines). + +Using EW, in the very low chance today was NOT the bottom of our cycle 4, then 238.1 would be our next target. ABC correction targets ideally 50% of the 12345 impulse, tho on a bigger scale we look to have completed our cycle 4, which targets 38.2% of the 123 (im so so so sorry i know this probably makes no sense, but I promise it all checks out and adds up) + +Using this, lets zoom out and see where our cycle 5 should end up, based on the *assumption* that 264 was our cycle 4 completing: + +[specifically look at the white \\"waves,\\" this is our cycle set \(3rd biggest subdivision of waves in EW speak\)](https://preview.redd.it/4vs0tr4reb471.png?width=2130&format=png&auto=webp&s=2c0bb2c6e801f7ad1b8a219efb183a7b1daf5228) + +Idk about you all, but I'm waking up as early as I can and abusing the buy button on my brokerage. this dip won't last long, take advantage of it! + +So lets talk upside price targets now. given that wave 5 targets a 1:1 of wave 1, we can conclude that we should hit AT THE VERY MINIMUM 368 before seeing a strong (ish) correction. Keep in mind, if we crush that target, then we can re assess (granted I'll need to chart out the intermediate waves within the cycle for more precise targets, I'm just too lazy and giving you a basic outlook for the rest of the week. + +For your convenience, should we absolutely crush the 368 targets, watch the levels below for a rejection and show us how strong your diamond hands really are! + +[possible cycle 5 targets should we exceed 1:1 extension ratio](https://preview.redd.it/9ccn44j9fb471.png?width=556&format=png&auto=webp&s=c5ee1dfb0294be41d1494bf10e726b972352c0d2) + +first of all, don't you fucking dare day trade. With this roadmap I hope you have a better idea of what to expect going into tomorrow and the rest of this week. I'm ecstatic. + +&#x200B; + +For fun, lets zoom out and see for the hell of it what my bigger targets are, for the super cycle and grand super cycle: + +&#x200B; + +[hehe](https://preview.redd.it/lg944b4qfb471.png?width=2636&format=png&auto=webp&s=320f403b87ff115f72a15b023a657dd871505c3d) + +and keep in mind, this isn't even the squeeze. This is just the calm before storm. + +TLDR: BUY DIP. VERY LIKELY 264 was bottom of cycle 4, meaning in ape speak, now we go UP to at least 368.68 in the next few days. if by the off chance that 264 was not the bottom, expect around 238, but no lower (should literally be impossible using EW) than 219. CHEEEEEEEERS! + +buckle up ;) + +edit: I see some people saying my "predictions" aren't valid because I lay out a few different scenarios. In the market, it's not so much about being 100% certain of an outcome, rather be certain of the possible outcomes and act accordingly. This is why I give all the possible scenarios. + +edit 2: today feels eerily similar to the day after march earnings where shorts tried desperately to push price down, we all know what happened the next day... + +edit 3: possibly (6) final update for today, looking to have bounced at the 264 level as outlined, I should have mentioned this target in the DD, though it was mentioned in the comments somewhere with another EW ape. keep an eye on 256 as well. + +edit 4: lol just for fun, take a look at $IWM, its laughable how desperate they are at this point + +edit 5: I set buy orders at 264 and 257, went to the gym and saw we were around 245 and got super excited. Thanks ken, threw the rest of my checking account in and set a buy order at 238 and was super happy to see it filled. The fact that we keep dipping slightly below the 238 level tells me SHF are hunting stop losses, but the fact that they aren't pushing it much farther tells me they're running outta ammo. I really hope you all took advantage of today's fire sale, i got a feeling tomorrow will be like march 25th 🚀 + +edit 6: nooooo hahaha we broke below 219. Lower your pitchforks please lol, I'll draft a new theory tonight. All this means is that i have to redraw my cycle wave set, as we broke the rules of EW today. Just means juicier upside targets, cause this would technically be a cycle "2." Imma need to really wrinkle my brain to redraft this, thanks for putting your faith in my abilities nonetheless :) For what its worth the next bounce candidate i had on watch was 213 + +edit 7: holy fuck I'm so jacked, wait till you see my new dd... todays price action confirms something huge!!!!! 213 is THE BOTTOM!!!!! + +edit 8: lol i love y'all so much i went and gave targets on gangnam style for a few minutes when reddit was down, you found my youtube channel if you were there ;) +I just want to be able to not have to work for a few years or not be in crippling debt. It's so depressing. It actually wouldn't take much for me to achieve this but it's impossible with my current job and bills. + +I don't care about the technology. I just want to live a little bit before I die. I'm already old and have nothing to look forward to. I'm hoping crypto will be the way for me. + +Anyone else into crypto because of desperation? +Why would I sell GME at this price point when GameStop is: + +1) Beating Amazon at their own delivery service + +2) Expanding their market to more than just video games + +3) Reorganizing with a really strong board of directors + +4) Converting their retail stores to PC Cafes + +5) Made a freaking performance center in Texas - what else are they gonna make? They're also debt free somehow? Good lord + +6) Hinted at a esports department with a brand new Twitter account <- maybe fake but jesus christ it made me jack my god damn tits + +7) Lastly, nft.gamestop.com anyone? + +**The stock is truly undervalued in my honest opinion.** + +If Amazon was just an indie company out of a garage but is now valued at 3.2k - what makes GameStop any different? Seriously, why would you sell even if somehow the short squeeze did not happen? I bet you we'll see the institution have a change in sentiment towards GameStop in the near future irreagrdless of a squeeze or not. + +TL;DR: GameStop is about to be the new G in FAANG. Hedgies are fukt. HODL. + + + + + +EDIT: Alright, I'm glad this is well known lol and we have similar sentiments :) - I just see apes on this subreddit come and go and I'm not sure who read what. + + +I guess the last thing I'll say is: If there's ever an alarm of FUD - just recall our sentiment UwU +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. 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Their projection - India's beer market is a long term game. While I am positive about consumption gains for sure, I really do not know how to look at this from the government policy perspective. + +Also, going by long term investing principles - How would you evaluate the management at United Breweries until now and henceforth? +My partner (23[F]) has been asked by her mom to co-sign on her mortgage (30 years, $300k) so that she can refinance for lower rates than what she is currently paying. + +We are doing quite well income-wise (although not savings yet, as we are young), so aren't worried about the amount outstanding, even if it does look unlikely that her mom will be able to work for another 30 years. We've emphasized that it is very important that she come to us if she has any difficulty making payments, rather than missing or being late - as we don't want to impact our credit score. + +I've read elsewhere that it is apparently very difficult to be on two mortgages for different homes after the 2008 crash - would co-signing on this mortgage make it much more difficult to get a mortgage for our own home later on down the line? We could alternatively just give her mom the difference between her current rate and the new one, but of course co-signing would be easier. + +e: One additional factor I forgot to mention is most likely we would be trying to get a non-conforming mortgage in the future. +Do people here invest in small cap value stocks either in U.K. US or globally. + +If you do how do you take your exposure to them either through mutual funds etfs or individual stock picks + +Anyone know how you go about doing this and where you do this? + +What’s your experience been like for investing in small cap value stocks? +Title explains it well. I have been working with Conserve to rehabilitate my defaulted student loan. I was going to email the paperwork tonight. My HR-ish/office manager just informed me that the person I have been working with just called our office and: +*Offered to give my office manager my social security number to identify who she was asking about +*Told her she was calling with Conserve (identifying it as a dept collection agency) + +Thankfully my HR person isn't a dummy, so she notified me immediately. Can they do any of this legally? They didn't know who our office manager was, if she would even have access to my SSN, nothing. It just happens that in our small company the phone rings to her extension if you don't enter one yourself. If she doesn't pick up, it gets routed to a random employee that would not have any access to sensitive information. I'm just blown away by this. Is this even legal?? + +Can I get them to stop calling my work? I will NEVER discuss anything with them at work because we have an open office environment. How they hell can they offer up my social to whoever answers without even knowing who the hell they were talking to?? What can I do?? + +Edit: we are small enough that we do not have a proper HR department. The person Conserve spoke with does handle office work and payroll, but there is no guarantee it would be her who answered the phone. +I just bought my parents a new refrigerator and the GEStore offers a loan with no interest as long as it's paid off in the first 12 months. I went with that because why not? Why pay $1700 out of pocket now when I can just pay $144-ish per month for 12 months? + +Anyway, I looked at the terms of the loan and the details. It seems like they split your total purchase into 48 monthly payments. Weird. Ok who cares, I'll just do the math myself and make sure it gets paid off within 12 months. Then I saw the interest rate. 29.99%!!! Holy shit!! + +I know that won't matter to me because I'll have this thing paid off in 12 months, even sooner if I want to. Really I could pay it off right now if I wanted to, but no reason to while it's interest-free. But that's insane! Someone who is less conscious of these kinds of things or less educated in finance would probably get screwed over by this thing. + +Be careful with this kind of stuff!! By default, you often will **NOT** get the benefit of interest-free. + +&#x200B; + +Edit: Alright, you've all convinced me. I'm going to just pay this off completely once it appears on the loan so I don't have to think about it anymore. I think I have to wait for my first statement. Now I'm regretting not using my credit card for the rewards :( + +Edit2: I changed my mind again. I might call and see if I can switch payment methods. If so, I’ll switch to my credit card to get the rewards and then pay off the credit card right away. If they can’t switch it then I’ll just pay the loan in 10–11 months like I originally planned. + +I’ve read a lot of your comments, many which say to just pay the loan in 10 months or so and others say to pay the loan immediately. I think there is merit to both approaches and functionally for me it’s not going to make much of a difference +My wife is currently a student. We were married in August of last year; she moved in with me December of last year. She worked a part-time job, I think to the tune of maybe $5,000 all year. Her W2 was mailed to her mother's house (where she used to live) and now her mother is refusing to give them to her and said she's claiming her as a dependent, which is taking a lot of money out of our pockets during a time where we're struggling because I'm the sole provider. + +Can her mother even legally refuse to give her her W2, and can she claim her if she files a joint return with me, her husband?? + +Edit: You've all been very helpful, and I greatly appreciate it. I work third shift, so I'll have a chat with my wife in the morning and try to give everyone an update on what the "final" decision is. Thanks again. + +Edit: I spoke briefly with my wife. She determined that her mother is being ridiculous and just wants the money. Her mother also told her, as expected, that she wouldn't be giving her the money from her savings account. She's going to tell her she's filing jointly with me, and that if she doesn't cooperate, we'll do what we can all the way up to calling the IRS and explaining. If her mother tries to claim her, she'll be audited, not us. The next step is to try and actually get the W2, so we'll see how that goes. Thanks to everyone who commented. I love Reddit and I love you all. + +Update: My wife is new to reddit, doesn't have an account, but I directed her here. For everyone claiming we have such a horrible marriage, nothing has been edited here and she'll see everything that was said. We have no worries. Also she says kudos for the toilet tips lol. +https://twitter.com/Forbes/status/1532732291658797056?s=20&t=UL8NEqc35OckpAwOxsVb9A + +Tesla CEO wants to lay off around 10% of Tesla’s workforce due to his concerns about the state of the global economy, Reuters [reported](https://www.reuters.com/technology/exclusive-musk-says-tesla-needs-cut-staff-by-10-pauses-all-hiring-2022-06-03/) on Friday citing an internal email sent to company executives, a move that could see thousands of workers at the electric car maker lose their jobs amid growing fears of a recession. + +CEO sent an email on Thursday ordering a freeze on new hiring and wrote that he has a “super bad feeling” about the state of the economy. + +Despite the purported email, Tesla’s LinkedIn [page](https://www.linkedin.com/company/tesla-motors/jobs/) continues to show more than 5,000 active new openings at the company as of early Friday morning. +Learning to trade is definitely one of the hardest things to learn and just like learning any other new skill it can be frustrating and overwhelming. I just want to say to all the new traders trying to make it in this business that the feeling of being overwhelmed is because you believe you need to figure out everything at once... and that’s not realistic. A little progress each and every day adds up to big results. So just take it slow, learn every day, don’t quit... just keep grinding and things will start to fall in place. +Hi, **u\\bosshax** here, + +Buckle up...! + +Back in October, 2021 there was a leak showing a new Pokemon Trading Card Game launching on IMX. + +This was **before** anyone made the IMX + GameStop connection. + +You can see the early rumor here: + +[https:\/\/www.youtube.com\/watch?v=beJgqPjdtHg&t=136s](https://preview.redd.it/1k6gfgs408391.png?width=807&format=png&auto=webp&s=cd89da023854e46c2241787bb48b50ba5c33f047) + +This below image is a screenshot of the Immutable X Test Net - you can see the Pokemon Trading Card Game NFTs here (just placeholders). + +&#x200B; + +https://preview.redd.it/x87a3le708391.png?width=1053&format=png&auto=webp&s=f0424102a6a075d48b68dc4afa81d660e892b88f + +Naturally people on Twitter got pretty excited: + +&#x200B; + +https://preview.redd.it/3ndaihz708391.png?width=612&format=png&auto=webp&s=dcf20c8a669b30b347034077d0f4d6427c0068ae + +Then this happened: + +&#x200B; + +[https:\/\/investor.gamestop.com\/news-releases\/news-release-details\/gamestop-formspartnership-immutable-x](https://preview.redd.it/5pul88t808391.png?width=1202&format=png&auto=webp&s=0a66e79b90983e9f570a2ed45b1d8fba09ddb945) + +In Robbies first AMA with Superstonk he reveals he's been in conversations with GameStop about this '**gaming**' project since **day one** and actively working for the better part of half of last year. + +Transcript from AMA Video: + +&#x200B; + +[https:\/\/www.youtube.com\/watch?v=UKQQ3KCiKbI](https://preview.redd.it/58ai5gab08391.png?width=808&format=png&auto=webp&s=24b3376af47aedc0f5c2fabe387b1e9e5483df62) + +Byron, Community Manager at Loopring, was very involved with the GameStop / Loopring integration and had this to share on March 23rd, 2022. + +&#x200B; + +https://preview.redd.it/en36aiqc08391.png?width=823&format=png&auto=webp&s=60d1055db77607fff264413f0ab7c09c31970a74 + +So if by March 23rd IMX hadn't even begun ANY integration work with GameStop... But they had long since announced the IMX x GameStop Partnership... then **what** have they been working on?!? + +Well, Robbie actually tells us: + +&#x200B; + +https://preview.redd.it/71ejptbd08391.png?width=634&format=png&auto=webp&s=23c2f008c1126db2f5d0de613f7c2da3b5ddc8df + +And IMX's whole role is to bring **CONTENT** to GameStop: + +&#x200B; + +https://preview.redd.it/wssdja5e08391.png?width=663&format=png&auto=webp&s=33511a21368a0232256f0d931a6d0c3acecc36bc + +So IMX have been working behind the scenes with secondary partners building content for... quite... some time. + +Pokemon (Nintendo) is probably one of the most famous game brand names- and already a big partner with GameStop. + +https://preview.redd.it/i67ieegf08391.png?width=1091&format=png&auto=webp&s=4695c31a80f7ad9475275390df95879fb198842f + +GameStop already sells their physical trading cards: + +&#x200B; + +https://preview.redd.it/iaubbuig08391.png?width=1479&format=png&auto=webp&s=b5edd4a77f157ea544d51ad03f8404f39e481bc4 + +Pokemon NFTs are kind of the **holy grail use case for gaming**\- a very easy to understand collectible AND useful (game with it) asset. Pokemon Go is a massive game that has brought in over $5B in revenue. Imagine Pokemon Go with NFTs... Incredible potential But there are two big missing pieces... A marketplace... and a wallet. + +The Pokemon Trading Card game is in Beta Now, here's a sneak peak: + +&#x200B; + +https://preview.redd.it/w7jjwxhw99391.png?width=1136&format=png&auto=webp&s=7b0591e3cdee2507cc8eeda795535d83724228e7 + +They just opened the beta to Mexico... + +&#x200B; + +[https:\/\/twitter.com\/PokemonTCG\/status\/1529935622802227220?s=20&t=9oSqip7-I4aKboARab3rZA](https://preview.redd.it/ufpzl58i08391.png?width=608&format=png&auto=webp&s=00b77f7349ed702fe42b183befaab43e74bbbb8c) + +&#x200B; + +Pokemon Trading Card game already has a relationship with GameStop + +&#x200B; + +[https:\/\/twitter.com\/PokemonTCG\/status\/1529911968936644614?s=20&t=D6R5J1t1nIqaOvL97U2jxw](https://preview.redd.it/d1ghpohl08391.png?width=588&format=png&auto=webp&s=c1cc499ea2bb290bd1f0e356edd4f5712f7fd694) + +Pokemon was licensed and brought to America by this guy, Alfred Kahn: + +&#x200B; + +[https:\/\/www.inc.com\/magazine\/202111\/scott-eden\/al-kahn-pokemon-yu-gi-oh-cabbagepatch-kids.html](https://preview.redd.it/39ad1xjn08391.png?width=841&format=png&auto=webp&s=2b5afee2707608dbb212fb78a4a1899d6d1fe021) + +In 2018 Kahns business partner, David Yu (who managed the New Zealand business), **started an NFT company VeVe:** + +&#x200B; + +https://preview.redd.it/rn4nb0po08391.png?width=827&format=png&auto=webp&s=32a3830aa57dca578f1e9166ed72cf1dbfcdcf08 + +&#x200B; + +In April 2021 guess who launched a partnership with **VeVe** and all these license assets? **Immutable x.** + +&#x200B; + +[https:\/\/www.immutable.com\/blog\/veve-immutable-x-partnership-announcement](https://preview.redd.it/11vkysup08391.png?width=803&format=png&auto=webp&s=8d3ab3dbd5dfa671065b1481852f1525ab97a3a1) + +**Veve brings premium licensed NFT digital collectibles to mass market**\- they have all the leading licenses like: **Pokemon, Yugioh, DC Comics, Star Wars, NFL, Marvel, etc.** + +&#x200B; + +https://preview.redd.it/6hukr2tr08391.png?width=1249&format=png&auto=webp&s=ee6eb92c03cbe07a81978e4f6198b0a5ce0fdb4a + +So GameStop, via IMX, gets access to all this GREAT license content via VeVe. + +&#x200B; + +https://preview.redd.it/cx3oj6ds08391.png?width=408&format=png&auto=webp&s=7b9ed977592f46aa3412ca62e1880001147b3cdf + +[On February 3rd Pokémon Trading Card Game announced they will be a Pokémon Go expansion THIS SUMMER.](https://pokemongolive.com/en/post/pgo-tcg/) + +&#x200B; + +https://preview.redd.it/ipm36y8t08391.png?width=840&format=png&auto=webp&s=40e0e5b3516c8d6e3b6109ed175997b0c6c177d2 + +**Immutable really trying to spoon feed us with this one:** + +&#x200B; + +https://preview.redd.it/ooezoktt08391.png?width=612&format=png&auto=webp&s=5d20ddb16e5c416fdb0839d28c9dd15d475068f5 + +# TLDR + +**Pokemon** is one of the most famous gaming franchises in history. + +[**Pokemon Go**](https://sensortower.com/blog/pokemon-go-five-billion-revenue) had **$5B** in revenue from digital items as of 2021. + +**VeVe** is the digital license media company that owns the licenses for Pokemon, Yugioh, Marvel, DC, NFL and others. + +**Immutable X** has a partnership with **VeVe** established in April 2021. + +**Immutable X** announced a partnership with **GameStop** as of February 2022, but Robbie cited they had been closely working since the beginnings of the project, however it wasn't on the marketplace integration side- they have been working with Game Studios to broker deals on game content (just like Pokemon). + +**Pokemon Trading Card Live** is the new game that is going to replace ALL [the existing Pokemon trading card games.](https://support.pokemon.com/hc/en-us/articles/4406895467668-Pok%) It is currently in beta. It should launch this summer. + +[Pokemon Trading Card Live has an expansion pack launching this summer on **Pokemon Go.** This was announced on February 3rd, 2022.](https://pokemongolive.com/en/post/pgo-tcg/) (Oddly the same day as GameStop x Immutable X) Pokemon Go requires Location Services. GameStop wallet requires Location Services. + +NFTs require a marketplace and a user wallet. + +**Veve** have the license content. + +**IMX** have the **NFT minting/trading/oder book** and *collect the trading fees.* + +**GameStop** has the **wallet** and coming **NFT Marketplace.** + +**Get hyped... you're going to be able to catch Pokemon with you GameStop wallet.** + +If you like my DD you can follow me on Twitter: [https://twitter.com/EndOfTheWake](https://twitter.com/EndOfTheWake). Nothing is monetized. +BACKSTORY + +A was injured on the job in June of 2019, had shoulder surgery. I received my settlement and physical restrictions which ended my career. Thankfully I've always lived like a pauper, so even workers compensation was enough to cover my bills and then some. + +FINIACIAL SITUATION + +So now I'm on unemployment, which due to trump is higher than my working wage. My bills are paid after one week, I'm debt free, I'm saving ~$2000 a month and my credit score is a 736. + +I want to start some kind of savings account but I know next to nothing. Any and all help is appreciated! +BACKSTORY + +A was injured on the job in June of 2019, had shoulder surgery. I received my settlement and physical restrictions which ended my career. Thankfully I've always lived like a pauper, so even workers compensation was enough to cover my bills and then some. + +FINIACIAL SITUATION + +So now I'm on unemployment, which due to trump is higher than my working wage. My bills are paid after one week, I'm debt free, I'm saving ~$2000 a month and my credit score is a 736. + +I want to start some kind of savings account but I know next to nothing. Any and all help is appreciated! +I have a part time government job (20 hrs/week) that pays $18.50/hour. I am a third year for computer information systems in college. I have approximately $4000 in my bank account and I have no idea what to do since my school and my job are 13.6 mi apart and I will probably have no car. My paycheck of $1000 will be in my account tomorrow, but I have school MoWe and Work TuThur. + +I have a gym membership for a shower and was wondering about buying a car, and I can probably just live there. If I drop school, my job will drop me since it requires me to be a student at an accredited college. + +&#x200B; + +The reason why I am in a situation like this is because I have a very strained relationship with my family. While I like to say that some of it is my fault, they will never take blame for themselves, and my sibling (currently almost financially independent and out of state) has highly recommended that I do NOT live at home. If I hadn't met the friends I met in my life, I probably would have killed myself a while ago. All in all, it is impossible for my parents and I to compromise if I were to be myself and they were to be themselves. + +&#x200B; + +I really don't know what to do. I have friends that live in houses, but my life shouldn't impact theirs. I consider myself financially stupid and young and foolish but I am willing to learn from my mistakes. Let me know if I missed anything, I'm at work right now and my entire body is shaking in frustration. Thanks. + +&#x200B; + +Edit: I have a makeshift plan that I would ideally like to follow. If this plan is not viable, feel free to throw suggestions. + +* Buy a car with my current funds +* Find a second part time job +* Live with my friends and pay rent/Live in the car +* Shower at the gym +* Laundry my friends can help out with +* Food and Gas is covered by me +* Apply for FAFSA 2019-2020 as financially independent + * Possibly drop out of university and attend community college. I need to be in an accredited college to retain my current job. +* Do I have to do taxes? I know I get something called a W-2 today. + +Apologies in advance for not responding as I am at work. + +Update: Some assholes down at the bottom told me to man up and solve it with my parents, so I did. I’m now covering more expenses on my own as a result, but I’m planning on staying until I get my degree and am gunna book it soon after. I’ll be fine, and thanks for anyone who took the time out of their day to criticize me, support me, or give any type of advice. I will still talk to the financial department at school and see what my options are to get out of home ASAP, since it’s definitely financially more smart to not have student loans. + +And lmao to those people who tell me I’m being a bitch. + CREDITS TO u/lawsondt . This gem (gme) of a post has been heavily downvoted and is extremely worth reading. Thanks again u/lawsondt for the excellent post. + +**TA;DR:** In 2005, investors of CMKM Diamonds, Inc. attempted to pull all their shares out of the DTC and direct register them in their own name. During this process, 68.5 billion phantom shares were discovered and brokers began deleting CMKM shares from investors accounts. Brokers also prevented many shareholders from direct registering and instead had physical certificates issued to *themselves*. While there are significant differences between CMKM and GameStop, this may be the closest example of what to expect as the float gets closer to being locked up in Computershare. If/when shit hits the fan, don’t be surprised if the brokers pull the same kind of bullshit. DRS early and often. + +**TA:DR end** + +\*This post is a selected summary of pages 208-227 of Dr. Susanne Trimbath’s book “Naked, Short and Greedy.”\**1* *If you are unfamiliar with Dr. T (or a douchebag shill), please refer to footnote 1.* + +On November 4, 2005, CMKM issued a press release announcing a distribution that would require investors to get their shares registered in their own name, i.e., out of DTC.2 Deadlines were set for DTC withdrawal and a shareholder task force was created. In July 2007, after several delays, the task force announced the total number of registered shareholders and shares. They also disclosed the existence of over 68.5 billion phantom shares, i.e., > 68.5 billion shares that could not be accounted for (should not exist). + +**Most relevant to GameStop:** + +Many of the investors were unable to direct register their shares because they were holding phantom shares. Although the investors had paid for these shares, the brokers either never obtained these shares to begin with or they had lent them out thereby passing on the “real” shares to the borrower. Dr. Trimbath dubbed these CMKM investors as “UnShareholders.”3 + +A deeper dive into these UnShareholders revealed that: + +* The following brokers were shown to either delete CMKM shares from UnShareholders’ accounts or incorrectly told them certificates were not being issued: Fidelity, TD Ameritrade, UBS Financial Services, Inc., Royal Bank of Canada, eTrade Financial, Bank of America, Charles Schwabb, Bank One, Bank of America, Qtrade, Piper Jaffray, eNorthern Brokerage, LeumiTrade, Fortis Bank Bruxelles/BBH New York +* The following brokers told “UnShareholders” that they could not get certificates. However, these same brokers got certificates for themselves: Bank of America, Ameritrade, eTrade Financial, Royal Bank Canada, UBS Financial, Chase, Charles Schwabb, QTrade, Piper Jaffray, Bank Leumi, Bank One +* Charles Schwabb, Chase Bank and RBC Dain deleted investors share positions at a time when the firms had no shares either in depository or on the books of the issuer + + * Schwabb deleted investor positions (10 million shares) and at the same time ordered certificates for their own trustee accounts + * RBC deleted investor positions (11.5 million shares) and told investors that there were no share certificates available. However, documentation shows that RBC received certificates for themselves and other customers. + * Chase deleted a high number of investor positions + +In the end, all shareholders of CMKM got fukt, including those that were able to direct register. There was no real value in the firm – they did indeed mine diamonds; however, it was revealed that all mineral rights belonged to the founders of the company, not the shareholders. Multiple lawsuits were filed and some are still pending. + +“The allegations of fraud and corporate abuse are the reason why no one heard the rest of the story, the one **where brokers were allowed to cheat investors by taking their money and never giving them any shares of CMKM**” (Trimbath, p. 209). Although Dr. T tells the story using CMKM as the example, she emphasizes that this stuff happens to every company with publicly-traded shares, big or small. + +Some key differences between CMKM Diamonds, Inc. and GameStop: + +&#x200B; + +https://preview.redd.it/g0gsxq2e9ef81.png?width=975&format=png&auto=webp&s=e2b5b3b86ca6f4c897fa800592c183e8b598a965 + +\*There were diamonds being mined but whatever mineral rights claim the founders of CMKM had was only ever owned by the founders. The assets never belonged to the company. + +\*\*[https://www.sec.gov/litigation/aljdec/id291bpm.htm](https://www.sec.gov/litigation/aljdec/id291bpm.htm) + +**The purpose of this post is to point out the behavior of the brokers during the DTC withdrawal process.** Unlike CMKM, GameStop has an extraordinary future and is not going bust. The DTC, SEC, market makers, and brokerage firms will have a harder time sweeping things under the rug of the court system if and when things get spicy with GameStop. That being said, we are in uncharted waters. + +If retail owns multiples of the float, which I firmly believe, what kind of behavior can we expect of the brokers if/when shit hits the fan? DRS, mofo. + +1. Anyone who throws shade at Dr. Trimbath is either a shill or lacks the knowledge of her background. She is a business professor in Arizona who started her career at the Federal Reserve Bank and DTC. She has been fighting the corruption for a couple decades and has even lent her time to Reddit for multiple AMAs. BuT sHe HaS bEEn PUshiNg HEr nEW BoOK “Naked, Short and Greedy.” Yeah, moron, she lays out all the corruption in detail for us. Besides, she deserves every penny she gets from the sale of this book. She has been fighting the good fight long before any of us knew of the corruption. + +2. DTC stonewalled any future attempts by other companies and got the SEC to grant approval for a rule change that prohibited requests for withdrawal of certificates that could be **instigated** by issuers. Hence, we would never see GameStop recommending that we direct register with Computershare. The fact that they mentioned Computershare in the last quarterly report should be telling. I’m hopeful they give us an update in Q4, but I wouldn’t be surprised if a new rule or undisclosed SEC threat prevents this. + +3. Almost anyone who receives a 1099 with “unqualified dividends” when they believe they owned regular shares, are probably UnShareholders, too. +I feel like **$350 at close** is the absolute endgame for hedgies. True, don't place your faith in any dates or numbers however, over the course of the past 5 months, we've got more and more data and are now able to notice certain patterns and trends. Right around the ballpark of $350 (could be $348 or $352 - give or take a few) is where we see a crazy amount of resistance from shorters. Forget about peaking at a really high number for an hour, we are more concerned **at closing at a really high number - above $350.** Margin calls take place after trading hours. Most hedgies have 2-5 days to meet margin requirements and if they fail to do so, it's absolutely game over and they start buying back in, the dominos start to fall and put an unimaginable amount of pressure on Shitadel and other giant hedgies to stay alive. Let's take a look at some dates. + +#Reminder: We've never closed above $350 + +1/27 - $347 at close ($380 peak) + +1/28 - $193 at close ($483 peak) + +1/29 - $325 at close ($413 peak) + +3/10 - $265 at close ($348 peak) + +6/8 - $300 at close ($344 peak) + +It's not a coincidence they absolutely start shitting their pants above $350 and shorting it with everything they have. The only difference between today and Jan/March peaks are the repo agreements which gives hedgies access to fast cash to meet margin requirements (in other words, they are on life support right now unlike back in Jan/March when they didn't need it). The difference for us are the steadily rising support levels. It's not any easily manipulatable gamma spike with paperhands selling early anymore. There's a solid support line for us to keep their shorts from sending us back down to $40 again. In March, the effectiveness of their shorts weakened from tanking the price from 90% to just 50%. Today, it was a sub 20% drop. Their shorts are becoming less and less effective as the price continues trending upwards on utterly miniscule volume. Tick tock hedgies. Sooner or later we'll close above $350. + +Once again, don't place any hope on certain dates or numbers as we've already seen too many come and go, however closing above $350 is just too interesting to ignore. It might be your final chance to buy in. + +#tl;dr: HEDGIES R FUKT +Ive heard that changing jobs relatively frequently, as well as staying well connected, can help drastically improve income from your job. What other tips and tricks have you used to earn more? +I wish I was here with advice or wisdom to help you do the same. I'm not. I'm here as a cautionary tale to tell you what not to do. + +I graduated with a degree in mathematics in 1997. I can not precisely tell you what my loan balance was (cautionary tale, remember?) but it was probably around $30,000. Yep. You read that right. $30,000 and it took me 22 years to get it dealt with. + +Over those years, I defaulted twice. Had wages garnished twice. Went into a repayment program after the first default and was doing pretty darn well until 2016. Had a bunch of personal stuff happen, and ended up in default again. I didn't open my mail. I dodged every phone call from them. I just couldn't face the idea of talking to them. I got really lucky and got a bonus at work. They garnished part of that, and it was enough to finally pay off the loans. I'm free. + +But - if I had just communicated with them and kept myself together, I could have been free years ago. + +I do have a tiny bit of advice learned from the school of hard knocks: + +When bill collectors call you, they can be jerks. However, if YOU call THEM, it's a different story - at least when it comes to student loans. Sit down today and call them if you are in arrears. Talk to them and don't bury your head in the sand. They can do things to help you avoid defaulting - or help you sort it out if you have defaulted. I know it's no fun. I know it's mortifying. But, if you suck it up and make the call, it will be better in the long run. It will give you a path to freedom. +A few hours of work, a few hours stuffing around on YouTube, going out shopping, playing some video games. Then back to work. Might do a long 4-5 hour session. Intermittently going back and forth. + +I find that's the only way I can do long, tedious tasks. Sometimes I'll get really focused and will be able to do 6-8 hour stretches. Other days, I'm lazy and will generally only do 2-3 hours of hard work, interspersed by hobbies and other things at home. + +This idea that you have to work 7.5 hours super hard every day is silly. My mind doesn't work that way. I probably end up working more than 7.5 hours but it's just structured differently because I like to take breaks. + +Could never really go back to working in retail or hospitality. Full-time WFH is the future for me... as long as you have a boss that doesn't micromanage it's an absolute dream. +My parents (68f and 69m) have never been very good with money. My dad is retired and getting social security, but has no other savings, and I found out recently that my mother has almost no retirement savings (maybe a couple thousand in 401k and no IRA) I’ll admit I’m not familiar with how social security works but I know my dad has been collecting for almost 5 years now. + + +I’ve tried to have conversations with them on what their plans are for retirement, but my mom gets easily stressed when talking about finances and my dad is the type that’s too proud to discuss such things with their children. I only know what I know from years of mildly prodding and recently assisting my mother with managing her insurance and 401k online. I have a rough idea of how much they both make, and I honestly have no idea how they’re currently making ends meet. I was always under the impression that they had some kind of plan but now I’m thinking the plan is to have either me or my brother take care of them when they’re no longer able to work. + + +I’m not sure what else is relevant info, but the major issues with their situation are: my brother can’t be trusted with soon to be elderly parents and I’m scared to death of being their soul caretaker and not being able to provide a good quality of life for their golden years. So, I need to sit them down and force this conversation with them, right? I had a thought of hiring them a finical advisor and letting them do all the hard work. However, it’s occurred to me that it’s possible an advisor will look into their situation, give them a solution, but my parents don’t take any of their advice (that’s something my parents have done a lot in the past and present). It’s also possible I might upset my dad and he’ll end up refusing their help. Last possibility is advisor tells them they can’t help them and that would make my mother absolutely distraught. + + +Again, I’m not sure what all is relevant information, but I can explain further if need be. This has been eating away at me and I can’t imagine how my parents must feel. I’d greatly appreciate any advice on how they can save and any resources that may be available to them. Also if anyone has any similar experience with sitting down their parents to get them serious about their retirement- if you’re willing to share your journey it’d help a great deal. + + +TL;DR - My mom and dad have almost no savings. I’m not going to have the means to be their soul caretaker. What can I do to help them? + + +Thank you all in advance. + + +*Edit- fixed some spelling/ grammar mistakes +I'm 38m (married, no kids) and effectively retired: ~$2m net worth, making $800k+ per year, working ~10 hours per week (I started a business a decade ago, scaled it up and have been working on automating myself out of a job over the last few years). I'll be Fat pretty quickly here (if I sold my business, I could do it immediately) + +So at this point I have a lot of free time and money, the problem is, all of my friend have full time jobs with little vacation time, kids, etc... Over the last couple years I've been feeling like I just can't connect with my friends anymore and have been looking to make some friends that are in a similar situation that I can relate to, can go on trips whenever, etc... I just moved to a new area about 6 months ago. + +I'm quite an introverted person and covid had been pretty isolating the last year or so. Now that things are starting to open back up, how do I go about meeting people near me that are in a similar situation? How do I connect with 30 to 40 something's that are effectively retired? +The market's wheels are turning again. +Tokens on the BSC are getting love again. ❤️ + +A project that has been around since April 9 – the very beginning of the BSC coin craze - deserves your attention because in this world it has stood the test of time.👴🏼 + +With a SOLID and organic foundation of over 4.3K holders, and a market cap of just $600K – it would be stupid not to jump into a project that was once 10x its current price. The market battered it but it’s preparing itself for a resurgence unlike any other to pair alongside BNBs upward trajectory. + +Is Charitas a better hodl now than it was a few weeks ago? 🤔 + +- The team is doubling in size every week 👥 + +- Holders are increasing consistently and organically 👯‍♀️ + +- Marketing experts who worked with the worlds biggest brands incl. a SUPER BOWL commercial, added to the team 🏈 🏈 🏈 + +- New partnerships with influencers, athletes, doctors, actors, artists, and philanthropists, are being announced multiple times a week. EVERY week. 🚀 🚀 🚀 + + +- State of the art DApp is nearing completion 🧑‍💻 + +- Advisory board comprising of prominent professionals is being put together 👨‍💼 👩‍💼 + +- Legal entity established 👨‍⚖️ + + +In short Charitas is here to stay. +Charitas is here to grow. Despite price action, despite macro market trends. +Charitas is built for LONGEVITY. + +Best part? +The entry price. +I won't make promises on price targets, but look at what Charitas actually accomplished and what they are building and compare it to other charity coins market caps along with their all-time-highs. + +**If this doesn't excite you, it is because you haven't DYOR on Charitas.** + +**Charitas is THE charity crypto. +Read up what they're all about on their website: [Here](https://charitas.fund)** + + +The Charitas community wants marketing, partnerships with crypto influencers & More, More, More ACTION.. +Well I’ve been in Charitas since DAY 1 and I know why I’m staying with this team and NOW those feelings are extra validated. +Check these connections Charitas made in less than 2 months!: + +-Marco Folino (@runandlift, 1M followers IG) - Medical Doctor, Personal Trainer, Fitness Influencer (Part of Team) +- Rory MacDonald (@romac_gorilla, 200K followers IG, @Rory_MacDonald 250K followers Twitter), MMA Fighter, Past UFC Number 1 Contender +- Stephanie Zito (@selfcarespotlight, 265K followers IG) - Future Clinician, Mental Health Awareness Specialist +- Laurence Fuller (@LaurenceFuller, 30K followers Twitter), Actor, Writer, NFT Artist +- David Bianchi (@DavidBianchi, 5.5K followers Twitter, @davidbianchi_ +- Alex Alpert, Gary Geck and other artists +- Torin Hofmann (Youtube, 41.3K followers) +- The Crypto Room (YouTube, 122k followers) +- UpNextCrypto (217k followers) +- Cryp News TV (43.9k followers) +- Damiano L. (@ChartShark22, 19.9k followers) (Part of Team) +- & many other crypto-related influencers on TikTok and YouTube. +- Feed The Hungry Foundation +- The Adventure Project +- New Earth Foundation +- Global Schoolhouse Initihative +💭 What is $MBUD ? + +$MBUD or MOONBUD is a charity token on the Binance Smart Chain, it has a 5% transaction fee, 2% goes to the charity wallet, 2% is redistributed amongst HODLers and 1% is burned forever, making the token deflationary. Ownership of the contract has been renounced. Liquidity has been locked for a year. + +&#x200B; + +&#x200B; + +🌕 MILESTONES + +The token succesfuly launched a couple of weeks ago on pancake swap. The launch was amazing, price held and rose beautifully and the first day was full of important achievements. Right now the token is aiming for the 7,000 holder barrier, mcap is around $3M. MBUD has already amassed $140,000, prepared for being donated to Dog's Trust, the largest dog charity in the UK. + +&#x200B; + +&#x200B; + +Solidity Finance Audit: + +[https://solidity.finance/audits/Moonbud/](https://solidity.finance/audits/Moonbud/) + +&#x200B; + +Donation Approaching - The Developer will PERSONALLY visit Dog's Trust office and will donate the money from the charity wallet, the whole process will be recorded. + +My Opinion: I made a post about this token before already. Working closely with the dev team the whole time now and I couldn't be more happy about doing this, I see a very bright future for this project. Holding and willing to help a lot of dogs, this is much more than money, this project actually means something. + +&#x200B; + +&#x200B; + +LINKS: + +💎 BUY: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) (USE V1) + +🌐 WEBSITE: [https://www.moonbud.space/](https://www.moonbud.space/) +Sup apes + +not financial advice. I am a degenerate that draws on my computer screen for a living. + +I don't even know where to start, other than play this song before reading: [https://open.spotify.com/track/1E0EOstQRm7YMhFpmDJzaB?si=084bbbb871884c54](https://open.spotify.com/track/1E0EOstQRm7YMhFpmDJzaB?si=084bbbb871884c54) + +What a day! GME was relatively flat but the broad market was a SHIT SHOW! I have a lot to go over, so strap in and get ready for some pretty colors. + +A few weeks back I made [this post ](https://www.reddit.com/r/Superstonk/comments/of4zjh/elliott_waves_gme_wen_the_fck_moon/) going over GME and SPY levels, I believe I said I expected 436 to hit before a sharp selloff. Before going over GME, I'd like to once again update you on my SPY levels. + +As an EW trader you have to adapt to structures as they form and let the trends play out, for this reason I am updating my targets. Hate me if you want, the first one hit. I just see more upside from here, but NOT MUCH! + +Here's an hourly view, see if you can understand what you're looking at before I explain: + +[Hourly](https://preview.redd.it/jhxjyqcoa9c71.png?width=2806&format=png&auto=webp&s=c712dac1994fcf74221cbd84a8d3969ee503a22c) + +If you looked at this and came to the conclusion that there is likely more upside, that is correct. This is because if you look at the minute count (white) you can see today was actually a wave 4. Looking deeper, the minuette count (purple, waves within the white wave 3) you can clearly see the 5 waves up, followed by the ABC down to complete the 4. + +So what does that mean from here? + +Short answer, more upside, at least imho. Today looked to have completed a 4 of 5 of 5 of 5, originally I thought 436 ish would be the top, however after closely exacting the structure, I see one last push. The last hoorah. + +Also, put yourself in the shoes of every retail investor that isn't aware of all the bullshit surrounding the markets. They see "covid delta variant sparks wall street selloff" and think the market is crashing today. + +&#x200B; + +If I'm right, I'd expect more green out of SPY from here, to put it bluntly, I see 444, 447, and 460 as final 5 of 5 of 5 of 5 targets. These are spread out as I haven't seen the new trend play out, as it starts to develop we can re evaluate, but these are BASE targets. Could go higher could go lower, or it could just fall and this entire analysis is wrong. + +Something to consider, today our C wave (purple, final leg down of wave 4) actually hit a super bearish extension level at 2.618. When this happens, lots of speculation that a downtrend is starting is valid. A tip to see if this is the case, is if this truly is the beginning of a bear market, we **WILL NOT** break above the previous high of our B wave at 436.5 ish. If we break above, think the trend is still bullish, as I expect it to. + +Also, the VIX! What a day! + +&#x200B; + +[Finished up 21&#37;](https://preview.redd.it/ztvx3koac9c71.png?width=2778&format=png&auto=webp&s=3589d30fb8ef8ad1f7e73915c2a1aa1c7864dfa0) + +Love to see it, but I wouldn't give it too much attention until it breaks 30. That's when shit will really get interesting. + +I'm also expecting the VIX to settle back down into the week, based on gaps and bearish divergence. + +Pro tip: when looking at RSI, if the stock makes a higher high on a lower RSI reading or vice versa with lows, we can expect a reversal. + +&#x200B; + +[bearish divergence](https://preview.redd.it/0rlfsdz4d9c71.png?width=738&format=png&auto=webp&s=dc7489d093d8a71002b46bf444880e66bd7aaf87) + +&#x200B; + +[bullish divergence](https://preview.redd.it/6hyv4rj2d9c71.png?width=598&format=png&auto=webp&s=8d566815f1cd248526b3707b43010afd17c51e8a) + +Now onto GME. + +real quick before I begin, here's the bull case visualized over the next few weeks/months: + +[visualized wave 3 trajectory ](https://preview.redd.it/fwvd807ld9c71.png?width=1872&format=png&auto=webp&s=dbcf56b837d80c199315d69de47ef936cf421b43) + +this is just a roadmap assuming all common ratios are hit, which GME doesn't always do as it's anything but a typical stock, but nonetheless, good to visualize and manifest. + +short term, this feels exactly like May right before we ran to 344. + +Here are possible minuette wave 3 targets + +[15m](https://preview.redd.it/pszko3nlf9c71.png?width=2422&format=png&auto=webp&s=6e850fec6835a4c41277a4d93558af22a502a5b6) + +Personally, I don't care too much for the intraday action. What I'm happy about is the uptrend is finally holding after a sharp 1.618:1 C wave down from our recent high (154) + +I need the structure to play out more before assigning more targets, but as for now, we seemingly completed our minuette 2 at the .618 retrace level + +[minuette 2 completion ](https://preview.redd.it/dc76lrdxf9c71.png?width=2022&format=png&auto=webp&s=23de19c90ef57935c24844097a2236e297f5c1c2) + +Do note though, it is **possible** this was just the A and B completing. In this case watch for a low of around 157.75 tomorrow. Here's why on a macro scale: + +&#x200B; + +[15m](https://preview.redd.it/itts1qybg9c71.png?width=1828&format=png&auto=webp&s=f11d0312e7dbab3d36027c4ff31ef9e78cc47d9a) + +Note the rejection at the .786 level, this is common in B wave retraces. To find our final C target, we can expect in a typical zig zag A and C share a 1:1 fib relationship, putting C at 157.5 from today's high. This is completely invalidated if we break above 179.47, but doesn't rule out a running/expanded flat. + +TLDR for this nonsensical macro analysis, buy the dip if there is one. + +Visualized: + +[1:1 at 157.75](https://preview.redd.it/8scpemaog9c71.png?width=2400&format=png&auto=webp&s=5c700f59a9286290dddf687b45011bce60340fe0) + +Again, all that matters is higher highs/lows relative to 151. Intraday swings I could care less about, I've been all in this bitch. + +The overarching setup on GME is bullish as fuck... 1 2 within 1 2 within 1 2, starting 3 of 3 of 3 now. the fabled elliott tsunami. Let's see if it lives up to my expectations. + +Tomorrow marks t+2 for option expiration settlement of the monthlies that expired on 7/16, could be nothing, could be huge. I can promise whatever happens I FEEL nothing. + +I leave you with this. + +[:\)](https://preview.redd.it/dh9xaojjh9c71.png?width=1178&format=png&auto=webp&s=e26b261f6be152525e70d1f6770ca142260e18aa) + +I'm out, thanks for reading! If you like intraday analysis, consider following my [twitter](https://twitter.com/gavinmayreal). I'm pretty active about updating levels/charting out SPY on there every day. + +If video analysis is you thing, you might like my [Youtube](https://www.youtube.com/channel/UCw-8U3JJeT3_pz1rOkdgzbA) (I'm not really a youtuber anymore, retired years ago. Started up again by posting EW analysis to try and educate, nothing more. I know some people are against pumping socials and I totally understand, but it might help you understand my analysis a bit more by watching) + +JACKED! + +TLDR: uhh buy and hodl? 🌊 🚀 + +I can feel it coming + +edit: regarding the mod drama, fuck allat. I'm here for the DD and my DD is always crossposted, diversify your subs not your investments ;) + +edit: redacting part about market crashing when people expect it, GME is a black swan. expect the unexpected. +Everybody should just take a step back and think that the fact that you're tracking where you're at is more than what most Americans are doing. I make about 50000 per year and pay 700 a month to rent a house (cheap rentals in my area). I save money for buying a house every month and into retirement accounts. + +As long as you're making progress you're doing better than the majority of people out there whether or not you are in the best situation. It's easy to compare yourself to people who are doing "better" than you are. + +Life is more about the journey than it is about the destination. Invest what you can, spend modestly, take vacations once or twice a year. If you don't spend your money occasionally (not every night out to dinner, on occasion....) you'll become defeated at the point of working so hard and forget why you're working as hard as you are. + +As long as you're not going back in the negative and moving to the positive that's what matters. Health > Wealth > Happiness. It's better to take a lower paying but less stressful job if it means your health and after work life is better quality afterwards. + +Because as long as you are moving in the positive you will eventually become financially independent. I know people who have made it who choose to keep working because they'd be bored sitting their butt at home if they weren't. Or by the time they did make it at 65 their health just declined because they spent their whole life working before they could take all of those trips they've wanted to take. + +The point of being financially independent is to enjoy your free time and enjoy the money you have in retirement by spending, and investing, it how you want. +All of my lectures from university will be going on strike for 3 weeks, which also happens to be one week after reading week so I will have 4 weeks of no classes at all. + +Considering I've paid £10,000 for this course and there are only two terms of lectures, missing this many weeks is a huge disappointment. + +Is there any way I can get compensation for the weeks missed? +I want to buy SCHD after learning about it through your posts here but I see it’s at all time high (or hovering near there) based on the charts. What price would you buy SCHD in? Is waiting for a dip unlikely to happen? +THE BIRTH OF BABY VITALIK - THE NEXT MOONSHOT + +Baby Vitalik is a token on the Binance Smart Chain that offers auto static rewards on every transaction. Our token is father Vitalik’s child, and it will follow in the father's footsteps to become successful! + +Brought to you by bsc lovers, Baby Vitalik’s team unites experiences crypto lovers with tech and marketing background and have the ambition to make this token so successful that father Vitalik will come and take his lost baby home! + +LET’S BRING THIS BABY TO THE MOON WHERE HIS FATHER IS WAITING FOR HIM! + +We will reach out to Vitalik to donate to his Charities. + +TOKENOMICS +💯 TOTAL SUPPLY : 100B tokens +🔥 51% BURNED +🔒 Liquidity LOCKED for 1 month + +TAXES +😮 ETH Rewards: 7% +💰 Marketing: 5% +✔️ Auto-LP: 3% + +We already got tweeted my Maestro and some other influencers. More marketing on the way! + +CA: 0x3ae3d644b1f2840e382e4b40b1a50cf287e38c41 +Telegram: https://t.me/OfficialBabyVitalik +Twitter: https://twitter.com/VitalikBaby +Website: Coming Soon +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 :) +I did my analysis of Clorox ($CLX) and it seems that this boring company is quite fairly priced (intrinsic value of $177 vs stock price of $173). + +I hope to share at least 1 valuation per week and provide a high-quality and meaningful analysis. Your feedback means a lot to me! Below is a link to, well, everything that I know about the company, hope you enjoy it. + +[https://youtu.be/GIM4cmQvgGc](https://youtu.be/GIM4cmQvgGc) +Anyone have any thoughts on $LUMN? I've been keeping half an eye on it since I saw it in Burry's 13-F, noticed it dumping this morning after it triggered a couple alerts I had set months ago. Looks like their revenue was disappointing last Q, and they sold of $7.5B worth of their cable markets. At first glance this 9% drop seems like an overreaction. It looks like they mostly just sold off outdated copper infrastructure to focus more on higher growth components of the business. Only concern I would have is that they might decrease the dividend, but as it stands now they're paying out 8%. Also announced a $1B buyback to take place over next two years. + +Also, dumb question, but I'm hoping someone with a better understanding of these transactions can confirm. If Lumen just sold $7.5B worth of their operations to Apollo, and they also sold their Latin American assets for $2.7B, does that mean they have $10B extra cash on the balance sheet? If so, seems like buying a cash-flow positive company with $10B+ cash at a $12.75B valuation is a nice deal, even if the dividend is cut down the road. +So my understanding is that Brazil is going through an economic crisis. They have high inflation (highest in the world last quarter), unemployment is rising, and there is less disposable income. To combat this they have to (already began to?) raise interest rates. The locals are dumping their stock, foreign investors are just starting to buy in. Additionally, gross government debt is 80% of GDP. + +All of these things have led to fear and subsequently, cheap prices. You can find companies making consistent profits trading for 3-7 times earnings. + +So, is it finally time to be greedy where others are fearful? I think if prices ever got that cheap in places like this in the US, they are nothing to scoff at. Look at when we had high inflation (12%) and negative GDP (-2.5%) in the mid 70’s. It led to what Buffett calls some of the cheapest prices he’s seen. He said it’s unlikely to see stocks that cheap again in the annual meetings. Of course, the recovery back to the top from this crash took over 10 years for most countries. + +So how are we feeling about Brazil? Too much political risk with an election coming up? Or just the right time to jump in when everyone else is slitting their wrists? +Ukraine has [published official addresses](https://twitter.com/Ukraine/status/1497594592438497282?s=20&t=qrsqUrPZKkiucJYWRC54-A) to accept donations for much needed supplies. Please, I'm asking you all to dig deep into your wallets and donate whatever you can. + +Those of you who've been around the crypto space for a long time will remember when donations to good causes were lauded in the community as a way to grow the footprint of cryptocurrency as a way to transfer wealth across borders. + +Right now, we should all invoke that same community giving mentality and put our Satoshis where our thoughts and prayers are. Dig deep, send what you can, and lets show the world why cryptocurrency is the future of finance. + +If you're a miner, point your rewards to Ukraine, if you're staking, stake in the name of Ukraine, if you're a hodler let your grip ease up in the name of a free and independent Ukraine. There is no middle-man here. Ukraine has official wallet addresses to accept donations. This is what crypto was made to be used for-- So lets use it. + +Note: If you do donate, please send the Transx # in the comments below along with an indication of the country you are from so your fellow crypto enthusiasts can give some love. + +Proof of my identity [can be found here.](https://imgur.com/a/O65vPSy) +____________________________________________________________________________ + +Edit: + +If anyone is interested in reaching out to the Consulate/Embassy to inquire about volunteering or other ways to help Ukraine, their websites are down, so here's their contact information: + +**US Embassy in Washington DC:** + +3350 M Street, NW +Washington, D.C. 20007 + +Telephone: (202) 349-2963 + +Email: emb_us@mfa.gov.ua + +Website: usa.mfa.gov.ua + +________________________________________________ + +**Consulate in New York City:** + +240 East 49 st +New York, NY 10017 + +Phone: (212) 371-5690 + +Email: gc_usn@mfa.gov.ua + +__________________________________________________ + +**Consulate in Chicago:** + +10 East Huron Street +Chicago, IL 60611 + +Phone: (312) 642-4388 + +Email: gc_usc@mfa.gov.ua + +__________________________________________________ + +**Consulate in San Francisco:** + +530 Bush Street, suite # 402 +San Francisco, CA 94108 + +Phone: (415) 398-0240 + +Email: gc_uss@mfa.gov.ua + +__________________________________________________ + +For the non-US folks, the entire list of embassies and consulates can be found here: https://www.embassypages.com/ukraine +So if I actually WANT to buy and hold 100 shares of SPY, and it’s trading at $380, instead of putting in a buy order at $379 and waiting for it to drop a bit, I can sell a put at $379 and get paid for my order instead? Not only that but I can sell a put that expires like 2 years in the future and get a couple of grand for it? Am I missing something? Why would I ever try to just buy a stock with a limit order ever again? + +I mean, if I want 100 shares of course. +If anyone went to an auction today I’d be interested to hear how it went. + +I went to an unrenovated 3 bedroom, 1 bathroom, 1 garage villa in Denistone East. I’d say there was about 7 different groups of people. Auction started, no bids. Vendor made a bid at $1.22m. Then a few mins later it was passed in with no more bids. + +The agent only went to speak with one elderly couple afterwards, which made me wonder if they were the ones registered. + +This would have to be the quickest auction I’ve been to. +We screwed up and let this medical bill go almost 5 years ago now in exchange for paying some other bills. We’ve received calls over the years from debt collectors but ignored them. We then began receiving similar letters to this. Each time the settlement amount getting lower and lower. + +But now I’m wondering if I should just pay the $75 (it’s actually like 71.xx something I think) or if she’s better off just letting it go. At this point I don’t know if it will do more harm than good to her credit. So far the debt doesn’t show when we check her credit report. Which seems odd. But, I know it’s a legit bill. I was there. Lol + +Edit: here is the letter + +https://imgur.com/a/EwWhuaz + +The “current creditor” line is the name of the hospital, and the date of service is the correct date of the procedure. The balance due is not what it once was, though. The balance due is $711.21. It was originally something like $2k, now that my wife reminds me. Could the balance due now just be from the last reduced offer they sent us? + +Edit2: we live in Ky, and the date of service will be 5 years here in a few more months. + +Edit3: the original IS on her credit report, but the dollar amount on the credit report is the original amount, while this balance is only like $700, with the option to “settle” it for $71. + +Edit4: holy shit I’m getting so much conflicting advice. Lol +This is a humble-brag since I have no one else to tell this too. + +I decided to pursue FI not so much for the RE but rather for the peace of mind and the psychological effect of knowing that I can retire whenever I want to. + +When I paid off my mortgage my mind set at work shifted from working my butt off and trying to please everyone to working smart, putting in less hours and being vocal about alternatives to my manager. + +In the past I would of put my head down, do what I was told and hope to get a good review at the end of the year. Due to “work smart” mentality, I spent more of my companies money to hire qualified people at a high price so that they can make my life easy. + +I then got the $1M mark and accelerated my “work smart” philosophy and pushed to spend way more money on quality hires. My company is kind of cheap and this was a big deal especially since I was putting my neck out if it didn’t work, but I had $1M saved so psychologically I won’t be homeless if things went wrong. So I kept on pushing. + +Recently just had a meeting with the president of my fairly large company and they want to promote me due to my “strategic” mindset. This new job pays more than double my current compensation and is going to be a life changing jump. + +The best part is that I see my wife and kids every night for dinner and never work weekends anymore. This is all because of you guys and having my FI give me the courage to catapult myself. + +I continue to learn a lot by reading this subreddit daily and promise to not splurge on a bigger house, expensive cars, etc. I hope to build more confidence at work and who knows maybe RE when I’m tired of working. + +Cheers to all of you on your journey. +Growing up my dad was always a dedicated and diligent business man, but a private person. We always knew the broad facts about the businesses he ran, but were never in the loop about the particulars. This disconnect worsened when we moved to the United States in my early teens and dad kept looking after the businesses remotely, often traveling back and forth. We kept being taken care of but had little idea of how the businesses ran, the people involved and especially the numbers. + +That all changed recently when he sat me and my siblings down and opened the books. It was overwhelming. Everything came spilling out: multiple businesses we didn’t know existed, business partners we’ve never met, a trust made on our behalf we didn’t know anything about, lawyers, lawsuits, millions of dollars in foreign bank accounts, properties etc. It was a lot to take in, we also learned he doesn’t have a will or estate plan in place. + +He recently turned 65 and I think it dawned on him that he won’t be around forever. He grew up poor and has done an extraordinary job building all these businesses, but he has done little to prepare us to deal with them. We knew this would come up eventually but we were not prepared for the magnitude of activity he is involved in. + +My siblings aren’t super interested in the business, as the eldest it’s my responsibility to work with him to make a plan. + +I have my own income, career and plans to take care of but putting a plan in place to deal with this just became priority No 1. Also did I mention I live in Asia and he lives in the americas? Where do I begin? + +If anyone has a similar experience please let me know how you dealt with it. + +If anyone can help me find a book, format or document to think through and structure this information, that would also help. + +Thanks! +Hey guys, I posted quite a bit yesterday in [this thread](https://np.reddit.com/r/ethereum/comments/88y85x/if_the_community_wants_fixed_supply_and_people/) on why I think we should seriously consider the 120M hardcap Vitalik proposed two days ago. Here is his EIP proposal in [GitHub](https://github.com/ethereum/EIPs/issues/960), and here are [some Tweets](https://twitter.com/VitalikButerin/status/980745388691922945) he made about it. + +I made the link to the Reddit discussion non-participatory, but if you have a value-added comment to make, you know what to do. *"Yes, do it, so the price moons!"* is not value-added, by the way. Rather than brigade that post, consider posting your thoughts here. Remember this linked post is in r/ethereum, not r/ethtrader. Discussion should be around technical issues, and not about price issues. + +**But what's interesting is that under Proof of Stake, the development/security interests of r/ethereum and the price interests of r/ethrader are going to start to collide, and then possibly align. I believe the community has just not fully internalized this yet. Greater ETH token value is going to mean a more secure network for all of us.** + +There is no doubt in my mind that the price of ETH is lower than it could be because it lacks a hardcap, due to a highly competitive crypto marketplace. Would we need to be sure that the network could technically function with this supply cap? Absolutely, but the fact that Vitalik brought it up leads me to believe that he's already come to the conclusion that it can. It would be great to have more analysis in this regard. + +My thoughts are best summarized by [my comment here.](https://np.reddit.com/r/ethereum/comments/88y85x/if_the_community_wants_fixed_supply_and_people/dwoahs0/) Rather than repeat myself, please take the time to read it if you are interested. + +Yes, implementing a hardcap would likely raise the price, but that increase in price is far more important than just making some people here rich. Ethereum's niche in this growing crypto market is that it is the highest security, decentralized smart contract chain in existence. There may be others who are faster, but they will be less secure (and by the way, Ethereum will still have Plasma and other L2 for those dapps). There may be others that are more secure as a non-smart contract protocol, but lack the extensibility of Ethereum. + +This is a very special sweet spot that I believe the world needs. I one day want my house deed, and perhaps more importantly, the house deed of a slum dweller in a less wealthy part of the world, to be stored on Ethereum. Those folks don't have meaningful property rights, but something like Ethereum could give it to them. In order for us to do that, Ethereum needs to be far more valuable than it is today, especially under Proof of Stake, where token value has a very real connection to security. I write more on that [here in this older post.](https://www.reddit.com/r/ethtrader/comments/7mwbbc/will_proof_of_stake_turn_eth_into_the_best_store/) I also recommend reading [this](https://medium.com/@jonchoi/ethereum-casper-101-7a851a4f1eb0) if you want to learn more about Casper. + +I encourage you to ready my comments throughout [that linked post](https://np.reddit.com/r/ethereum/comments/88y85x/if_the_community_wants_fixed_supply_and_people/) if you want to understand my perspective, and those on the other side as well. There are many nuanced points that I do not discuss in this abridged post here in r/ethtrader (e.g., the benefits and downsides of inflation, the use of ETH as a currency vs a "sometimes" medium of exchange / reserve asset / tradable commodity). + +This is a very important and possibly divisive question for this community. Inform yourselves and develop your own opinions. Finally, I don't know if it will happen, but Vitalik suggests a CarbonVote on this issue could be possible. +If the United states were to put a portion of the money they put towards the military budget, say 250 billion, towards the forgiveness of student loan debt, estimated at 1.5 trillion, for the next 4 years. What would be the general impact on the United States economy? + +&#x200B; + +Use any numbers you want, I just figured those numbers seemed reasonable, tell me if or how I'm wrong. +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! +Investing in GameStop wasn't the first stock purchase in my life, but it was THE investment that made me really learn about the market. I'd learned the basics, maybe even a little more than the average novice, but GME ignited my desire to learn as much as I possibly could about the markets and investing + +Everything about money aside, I'm incredibly grateful for the knowledge that's been shared here and on the other subs GameStop has motivated me to become a much more educated investor and I know that's the last thing any shady ass hedgie would ever want. + +Food stamps or lambos, baby! +💎 🙏🚀 +I’ve seen many stories about traders making tons of money on the market, and I know that those big hedge funds have quantitative specialists. + +I tried automated trading on Forex back in 2011 and failed miserably, I used only tech analysis and some primitive indicators, such as MA, RSI, momentum and few others. After that fail I had an impression that making profits on the market is only an option for big companies (I’m not talking about long term investments here ofc). + + +However, recently I started to see some activity in this area and I started to think that I might be wrong. Is there anyone here who has been profitable for at least a year with automated trading systems? +A 'stock' doesn't seem to have much inherent value except dividends which aren't guaranteed and amount to basically nothing for the average person anyway...I don't know how shareholder voting works but presumably again it amounts to basically nothing for the average person and if it did I don't understand what value *that* practice would have. Seems like 99.9% of people treat the stock market exactly like the crypto markets. + +It just behaves a little bit more in concordance with reality, I guess. But not really? +After working my ass off since college, I FIREd from my job in August 2013, at age 48. I then spent the next ~4.5 years fucking around, which is what I always wanted to do my entire life. +I puttered around the house, I gardened, learned guitar, ran a 10k, hiked with my dog 3x/week, went into therapy, got stoned, got massages, and spend a lot of time on PornHub. +On January 1, 2018 I started working again for a startup company. So, it's been one year working there, and I absolutely love it. I mean, I essentially got a 4.5 year vacation. Then I decided to go back to work because I craved the challenge, the stimulation, interaction with intelligent people, etc. But I can tell you that this time it's different. I don't HAVE to work. If the company goes belly-up, I'll still be fine. This freedom alleviates the pressure I used to feel. The worst thing that can happen to me is maybe I get fired, in which case I'll go right back to hiking and playing guitar. Ironically, I've been working harder and producing more than I ever used to. I love it! I want to succeed, but this time, it is just for the sake of succeeding for ME. + + +So, as the title says. I have ( had. Denied application may have lowered it.) a credit score in the 730s. Applied for a better card. (With rewards!) Credit Karma recommended. With some research nerd wallet gave it a good review. So, I went for it. Denied. + +Where should I go from here? I think it may be my income that held me back from getting approved for the card. As the rest of my credit is squeaky clean. Any advice on what cards I should be applying for? I believe raising my credit limit, having more than a single line of credit to expand my credit history etc. would really help my score and future car/mortgage prospects. +"Most strategies require only high school math" vs "If you don't understand Stochastic Calculus, Advanced Probability Theory, Linear Algebra, Machine Learning, Finance, Econometrics, etc. then you may as well give up" +"As long as you can problem solve, firms don't care about your education background" vs "if you don't have a PhD in a hard science, just give up" +"TA is snake oil" vs "TA shows market psychology" +"All the alpha is in alternative data, price series is just random noise" vs "Price series is enough for most alpha" +"Focus on creating the most realistic backtesting engine, the rest is easy" vs. "Focus on developing alpha, the rest is easy" +"You will never beat the big guys because they have better execution, lower latency, and insider information" vs "with smaller market capitalizations, retail algotraders can find alpha too small to allocate to for the big guys" +"Read books as a starting point" vs "Sorry bud, don't bother reading books because author's won't reveal any alpha, you have to figure it out on your own" +"Understand programming and math first, the finance comes after" vs "Finance is the most important part, the programming and math comes after" +"RenTec hires the best and brightest, so that's why they perform so well" vs "Insider Trading" +"It's impossible for retail to consistently be profitable, any profits are because of luck, algotrading is just a hobby" vs "I live off my algotrading system" +Hey all, just wanted to get some feedback from real day traders. My dad spends every waking moment of free time he has staring at his computers trading stocks. He wakes up at 5am and sometimes trades until 1am where he is down several thousand dollars. He does work a job but he uses his phone while he’s at work to monitor the market. He hasn’t made a single cent in the 5+ years where he’s gotten grossly serious about it, yet it is the ONLY thing he does. He took a vacation off of work for one week and has not gone outside the entire time, has just spend every conscious moment on his computers. This is absolutely not normal for career day traders to do, right? Like you guys do go out and do other things and have hobbies, correct? I am just bewildered that this is even possible for humans to sustain. He takes breaks to eat and such, but immediately just goes back to the screens. What resources out there can I look into to maybe help him? + +(I know some parts of this may read like a shitpost, but I swear to god this post is 100% serious.) +Hi all, + +Was hoping I could help some help with a question I had. I am using Trading212 Invest and ISA. I only use Invest because some stocks I am interested in are not available in the ISA section. + +My question is. If I were to sell my shares in the Invest portion and then move the money I got from selling those shares to the ISA section and invest in stocks there would I need to pay tax on it? + +Thank you. +Hello! I am a 22 year old engineering student with one semester left and projecting a day job of around $75K annually while living with my parents rent free to start. I have always been interested in investing and real estate with intentions to flip a handful of houses to build capital to purchase rental properties and pay off school debt. My dad is down to only a few years left until retirement and agreed to providing a loan for the first couple flips and will help work on the houses with me to split the profits. We both are handy man types and plan on doing the majority of the work ourselves. + +The question is, in your experiences is obtaining a real estate license for primarily access to MLS, potentially whole sale homes, and save on paying commission to a realtor worth the effort and money? I am from Michigan if that helps and fairly inexpensive areas. +I appreciate that even if we are a smorgasbord of shit-flinging crayon-eating monkeys, whenever you speak with us, I can sense the respect that you have towards us, your Shareholders. + +The speech delivered by Chairman Cohen last June was short but telling because, as I'm sure many will agree, you asked us to judge you by your actions, not by your words. + +Many might have overlooked it, but what really struck me here, is that despite many of us working 9 to 5's in blue collars, you subjected yourselves to our judgment, something, that in my experience, one wouldn't subject oneself to, unless there is respect given to the one who will make the judgment, in this case, to us: the retail investors. + +In case a few have missed, though highly unlikely, I also deeply appreciate that it is the Company itself, and not the insiders, that sold shares at market rate, which shows how serious you guys are in transforming Gamestop from a dying brick-and-mortar into a leader in the market, instead of abusing the trust of your shareholders by using our hard-earned, *really hard-earned,* money to ensure yourselves a comfortable life. Because of that, we know that the money we invested really is meant to be used for WORK. + +Please know that some of the money that went into our Gamestop's warchest is earned from the sweat in our brows and quite literally, our blood, and so, even if this is just a small detail, I appreciate that none of your officers and board members online talk to us in a condescending or dismissive manner. Many of us here take this beating already day in and day out at work or elsewhere, and it will hurt if the very company that many of us have trusted with our hard-earned money will also speak to us in such a way. + +I won't deny that some of us really can't wait for the MOASS. It is a fact that it is this thesis that brought many of us here. But then again, as Mr. Larry Cheng said, some companies transform into something bigger than itself and becomes a movement. This is no longer just about the tendies and some loot and leave the company; this is now about justice and the bonds we have shared with many others while investing in this Company. I for one have DRS'ed my shares and if this thing finally pops off, they are never leaving. I will HODL those shares with pride forever. It is proof that I stood by this Company through thick and thin, through MOASS and post-MOASS. + +It is understandable that the way you communicate with us, or not \*wink-wink\*, is through the way you guys do because of legal reasons. But not only was the method fun, you have actually helped us develop wrinkles of our own, we are now more knowledgeable in investing and economics because of this. This even helped strengthen the bond between the retail investors and the Company, because we have exercised the ability to understand one another without directly speaking to one another. I sure hope that this trust is something that you hold preciously and something that will push you guys to deliver the best for Gamestop's customers, employees, and shareholders. + +We as individuals are doing everything we can to support the Company on our side and we can see that you are doing the same on yours. + +More power to everyone and personally, I hope that Gamestop becomes a model company not only for the way they delight their customers, or deliver to their shareholders, but also to their employees. + +Let's win this thing. +Hey guys, +I've always had a strong work ethic. I haven't had a day off sick in 8+ years. The company I work for has given me great recognition and progression over the years. My investments are strong, my FI is exactly where I need it to be in a plan that has been in the making for nearly 5 years. I work really damn hard but what I get back in return feels like a cheat code to life. Sensible decisions and good income has me feeling really good about where I am. However, family have talked about burnout and their concerns surrounding it for years. I never listened, no such thing, I thought, just something that unmotivated people spout as an excuse to not have to work hard. I'm beginning to feel like I was wrong and I don't know what comes next. I am finding myself constantly tired but constantly wired. For a while now I've found myself questioning reality (if I go food shopping with my wife and we get separated I begin to wonder if she even ever existed, if I do anything out of routine I don't know if I've imagined it or if it's actually happened, crazy shit like that). No amount of sleep is enough. Here's the rub though, If I hold out another month or so I will hit the next peak in my career and start getting a true slice of the pie, if I hold out another 5 months my mortgage is paid off. I am so close but I'm starting to become concerned. + +I don't know what advice I'm really looking for to be honest, I've worked too hard to pump the brakes at the finish line but at the same time, I'm really starting to have a new understanding for the term burnout. + +Advice, criticism, whatever welcome. +Cheers +Bill Gates: The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long. + +https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/dux49ll/ + +Hi guys, i think many apes don’t understand that the price of the stock will be adjusted to what ever the stock dividend/split ratio is after a set date. + +I have been reading a shit ton of DD and comments on a stock split or stock dividends across many different finance subs, and i see a lot of you arguing that the price of the stock stays the same “beCaUSe its a sTock dIviDend” + +Just think for a minute ape, lets say you have bought 100 shares of GME at the price of $130, that means you have spent $13,000 in total to buy those shares. + +Now the company comes along after approval from shareholders and announces that they’re doing the stock dividend by the ratio of 7:1, so that means that your shares are multiplied by 7, example, 100 x 7 = 700 shares, you now have in total 700 shares. That means that your brokerage account will be credited with 600 shares, i say 600 because you already have the other 100 shares, so the total comes to 700. + +Now if like many apes seem to think, the price doesn’t split with that ratio and stays the same at $130 after everyone got their dividend, that essentially means you are getting $78,000 of free money (600 x $130). If your originally spent $13,000 to buy those shares then by this logic you will automatically out of thin fart air have $91,000 in your account, without even moving a muscle. + +Does that make any sense to you ? + +If that was to happen, literally the entire stock market across the globe would come down in a steamy pile of shit. + +I just thought i should put this out there so a-lot of people are not shocked and scared when they see the price drop drastically. I feel like a lot of people need to read this or maybe I’m wrong i don’t know. The price dropping in relation to the split ratio is 100% natural. + +Many apes have suggested that i also state the positive side of this situation. The positive side of this situation is that if the current price of $127 is split by 7 then it means you can buy a full share for $18 dollars, and i think many people will buy at that price. Hence making the price of the stock go right back up, plus you have a lot more share now if you bought before the dividend date. However nothing is ever guaranteed in terms of price movement, just do your research and make your own investment decisions and strategies. + + Not financial advice. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - + +Edit: Please read this. + +https://www.investopedia.com/articles/investing/091015/how-dividends-affect-stock-prices.asp + +Edit: If you care about people getting the right information, so they wont be surprised AF when the time comes, then this needs to go up and be seen by a shit ton people it seems. Because if a-lot of people freak out over the price drop it could be drastic to them, after they realise they have fucked up. Not financial advice. + +Edit: also if you want to go on other subs or even on this sub and argue with people that the price wont be effected, please know that you look like a absolute fucking retard and also make the rest of the GME shareholders look like bunch of retards. + +Edit: by the sheer amount of retardation in the comments, it seems this shit definitely needs to be pinned to the top of the sub. 😂 fuck sake people. + +Edit: reading the comments. I’m honestly disgusted and disappointed deeply by some of you, the amount of people that didn’t know this is mind boggling. 🤦‍♂️ + +EDIT: the mods have banned me for 7 days because apparently I was to harsh on some retards 😂 other wise i would reply to those people who are genuinely asking good questions. Apologies. + +Another Edit: last edit i promise lol. Fuck me thats a lot of edits. I just wanted to thank everyone who brought this thread to the top so people could realise and learn. Have a good day. I hope everyone gets rich from this journey, no matter how retarded you are. +So I’ve been going through a disaster with this tenant. He lives in one of my mobile home parks and completely trashed our mobile home after finding out we are evicting him. He broke all the windows, broke the walls inside, ripped the carpet, and made the mobile home pretty much unfixable at this point. I had a sheriff go serve him an eviction and after that day if he was to ever come back on property he will be arrested for trespassing, he’s still on the property but whenever a sheriff pulls up to get him he some how runs and hides somewhere and sheriffs can’t find him. I’ve put locks on the doors but he breaks in. I feel stuck and have no clue what to do. Cops take 1-2 hours to come whenever I do see him on property and by then he is gone after seeing me or the cops. He is also very aggressive and will probably shank me with a knife if I confront. What can I do?? +I will soon be moving to the US for employment purposes and have a question about mutual funds I hold. + +So I recently learned that for US residents (including people who migrate for work), any mutual funds you hold in India is treated as a Passive foreign investment company or PFIC. The IRS really dislikes these PFICs and can even tax you on unrealized gains which is insane. Additionally you would also be taxed in India on redemption. As an Indian I have significant investments(50L+) in mutual funds in India which I'm worried would be liable to tax in US. + +A lot of people I've spoken to, who've moved, are not even aware of this rule. Anyone who's been in this position, what did you do with your mutual funds? + +1. Did you redeem it or do you still hold them? +2. If yes, did you have to report them and pay additional tax? Is it easy to file returns on your own or did you have to rely on a tax professional +3. What's the recommended approach going forward? + +I'd hate to redeem my mutual funds in the current market climate. But if that's the only option I'm ready. +🚀ROCKETBOYS 🚀 + +&#x200B; + +Are you ready for the biggest project of the year? + +&#x200B; + +Are you ready for lambo giveaways? + +&#x200B; + +Are you ready for passive BUSD rewards? + +&#x200B; + +Are you ready for the buyback bot to keep the graph steady? + +&#x200B; + +Get ready! + +Join telegram to find out more information! + +📣 14th July = PancakeSwap Launch + +⭐️ Links ⭐️ + +⭐️ Website: [https://rocketboys.io](https://rocketboys.io) ([https://rocketboys.io/](https://rocketboys.io/))/ + +⭐️ Telegram: [https://t.me/rocketboysofficial](https://t.me/rocketboysofficial) + +⭐️ Telegram: [https://t.me/RocketBoysAnnouncements](https://t.me/RocketBoysAnnouncements) + +⭐️ Whitepaper: [https://rocketboys.io/#whitepaper](https://rocketboys.io/#whitepaper) + +&#x200B; + +Daily Cash Giveaways on Telegram! + +&#x200B; + +🚀 Shiller of the day gets 1 presale slot allocations - last project allocation was worth $50,000 at all time high! 💵 + +&#x200B; + +🚀 Telegram Comment of the day 100 usd 💵 + +&#x200B; + +🚀 Tiktok of the day 100 usd 💵 + +&#x200B; + +🚀 Tweet of the day 100 usd 💵 + +&#x200B; + +🚀 Best AMA question of the day 100 usd 💵 + +&#x200B; + +All the way up to launch on pancake swap on 14th of July when we are giving away a diamond Rolex for best killer Shiller + +THERES LEVELS TO THIS + +&#x200B; + +Launching The Boys To The Moon + +&#x200B; + +The Rocketboys launchpad is positioned to disrupt all that has become toxic in the current presale ecosystem. The launchpad will operate a much higher barrier to entry for prospective projects – KYB (Know Your Business) and pre-doxxing to an internal Rocketboys committee before launch will provide a uniquely safer investing environment for all participants. This coupled with stringent anti-bot measures on the platform will solidify the launchpad as the fix-all for major pitfalls in the current presale landscape. Rocketboys will be the go to platform for serious projects aiming to launch with longevity and with a true commercial business plan. + +&#x200B; + +Tokenomics + +Total supply: 1 Quadrillion + +7% Lambo prize fund wallet + +7% Marketing wallet + +7% Development wallet + +&#x200B; + +Tax + +5% buy back + +3% BUSD redestribution + +2% Marketing + +2% Dev wallet + +2% On sell to liquidity pool +Please feel free to share your tips. + +So far mine are : + +1. I work from home most of the time. So I only keep the heating on in my home office (5 bed makes no sense to hear the entire house ) during the day. I use an electrical heater. My electric bill is minimal because I have solar panels installed. + + +2. Very careful now with my weekly shopping at Aldi. So now spend an average of £50 pw for the 2 of us. +$1000 account set up on Webull for an experiment. + +Taking disproportionate amounts of risk wheeling the crappiest stocks in the armpit of Wall Street. For the candidates see the link below. + +Currently short: + +CLNN $2.5 Sep 16 put, at $0.55 + +ENDP $0.5 Sep 16 put, at $0.2 + +[https://www.barchart.com/options/highest-implied-volatility?orderBy=strikePrice&orderDir=asc](https://www.barchart.com/options/highest-implied-volatility?orderBy=strikePrice&orderDir=asc) + +Need to add 5-6 more, for diversification, whatever that means in this context. + +I have never blown an account, and I have never made any outsized gains. This is an experiment on theta, and if options can be temporarily overpriced. It is not a suggestion or advice to buy or sell any stock or option. + +Will add screenshots with new or closed positions. + +Constraint: never take or add to this account, and never spend more than 30 minutes finding the options and entering the trades. + +Wish me fat theta, and cheers! +I frequent reddit as a lurker more than a poster. I had forgotten about a post I made in regard to my financial situation upon graduating from PA school 7 years ago. [https://www.reddit.com/r/financialindependence/comments/227cwa/please\_critique\_my\_plan\_for\_after\_graduation/](https://www.reddit.com/r/financialindependence/comments/227cwa/please_critique_my_plan_for_after_graduation/) + +Reading it was weird, as I actually put in to play the things I said I wanted to do and I have completely changed my approach to money, versus how I was prior to graduation. Long story short, I was graduating with roughly $150k in student loan debt and if I remember correctly close to $20k on a used luxury car. + +The short version is... I have successfully brought my personal net worth from -$170k to now $500k in 7 years, roughly a $670k net gain. My income began at near $100k and never exceeded $135k. I live in a medium COL area. I used basic principles and no fancy investing. + +\-I was able to secure three jobs out of school and for the first two years sometimes worked every single day of the month, without a day off. I did this to purchase my first home (a small townhouse) and catch myself up on bills and savings. + +\-I sold the luxury car and bought a base model Honda Accord. + +\-I maxed my retirement accounts. I only recently began an after tax account. + +\-I kept my first home when I bought my current primary residence with my now wife. My mother lives in my first home and pays the bills. It does not cash flow, but I gain equity and a write off, more importantly she has a secure place to live. + +\-I cut all my bills to as low as possible. We currently have a cheap cell phone plan and internet only. Our monthly cost is less than $90. We use old phones that are paid for. + +\-I refinanced my student loans 3 times to get to an eventual rate of 2.4%. I aggressively paid them down despite the low interest rate, as I was looking for lifestyle freedom more than total returns. I am aware keeping the loans and investing the money would of netted me more in the last few years. + +\-I utilized every credit card bonus I could. I would use 0% interest credit cards as "short term loans" and use them for all my purchases, while paying down against my debt with my cash. I would then take another out when one was close to being over with the 0% period and pay the original off. This saved me small amounts of money, but built a credit score that hovers in the low 800's. + +\-I invest in broad based index funds in all my accounts. + +Everything was very basic. I lived well below my means, I maxed out tax advantaged investment vehicles and paid off my debt. We have been fortunate enough that through doing all this my wife can be a SAHM to our 1 year old and we do not have to stress about money. I have also been able to leave my original job and take a job much closer to home, with shorter hours, even though it pays less. I am not FI at this point, however we were able to create a debt free situation that allows one of us to stay at home and raise our child and the other to take a pay cut for better hours/commute with more time at home. + +I can say that I learned the majority of these concepts through MMM and financial posts on Reddit. I am appreciative and wanted to give back a success story on how much the basics work if you just stick it out. + +TL;DR Living below your means, paying off your debt and investing in index funds pays off. + +&#x200B; + +Edit: I rarely post on social media and am surprised at such a response. I mainly posted this to show that nothing fancy needs to be done to still have some financial success. No GME, no day trading, etc. To clarify a few things: + +Salary- It is higher than average which allows a higher savings rate. I get that. I do agree it would of been harder on a lower salary. I think its clear that higher salary leads to more money to invest, which leads to higher net worth. That being said, in the north east, I feel like there are many people at or near 100k salaries. I have 3 friends who make over $100k who are not in health care. One has a bachelors degree in engineering, one went to one of those automotive schools advertised on TV and is a mechanic, and one dropped out of college and worked his way up at Walmart. You can make money without an advanced degree. All of these individuals have net worths near or above mine, as they have been working longer and did not have the opportunity cost of many years of college plus high tuition. + +Breakdown of net worth- I have $360k in investments/cash and $140k in home equity between 2 homes. My wife's finances are separate. We have a combined net worth of $750k. + +401k- I received a 5-6% match depending on the year, likely contributing $45k + in just base investment to my 401k. Unsure what that has added with returns. + +I do realize I have been fortunate to have invested and purchased real estate during a time of economic growth. Regardless, the principles don't change. Live below your means, take advantage of tax advantaged accounts, pay off debt and invest. I feel like whether it's Dave Ramsey, MMM, ChooseFI, The Money Guy (my current favorite), that it is all the same core message. + +&#x200B; +https://www.thestreet.com/memestocks/reddit-trends/citadel-securities-accused-illicit-trading-tactics + + +I know it's coming from Cokerat's "The Street", but the article really seems to give some creedence to the plaintiff's accusations of order spoofing, which is just one small part of what we've been witnessing with GME. Still, this is a legit publication citing DOJ involvement and an interesting statement at the end ... + +"The investigation is ongoing, and no indictments have yet been made by the Justice Department. Many retail investors are hopeful, however, that their theories concerning market manipulation by hedge funds and market makers bear fruit once the investigation concludes." + +Sorry if this has already been posted. +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) 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) +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). +Think about it. A publicly traded company with a multi billion dollar market cap, worth over a hundred dollars a share, has not given any forward guidance or announced a single catalyst in 12 months. + +Why? Because they don't fuckin need to that's why. Because the float is locked right the hell up, and advertising/communication is currently unnecessary as long as this ape investor situation remains stable. + +So the question now is, how long can/will they go before they HAVE to say/do something to satisfy investor confidence? + +Answer: Unless someone beats them to market, or theres a regulatory political hit job, its as long as we allow them, in order to debut their new marketplace or whatever they are cooking over there. They KNOW nobody is selling, and so they keep silent. + +It might take money to buy whiskey, but it also takes millions of ape investors to buy your share offerings and pay off your debt, leaving you with a boat load of cash. + +And your still not selling. The board trusts it's investors. + +GameStop really does have the best investors in the world. By HODLING, YOU have given GME the funds and the chance it needs to revolutionize the marketplace. + +Cohen isn't going to release a Cyberpunk mess, he's going to release a fully working, Zelda masterpiece. + +This is what your patience is buying you right now: + +A FINISHED, WORKING PRODUCT THAT WILL DELIGHT CUSTOMERS AND SHAREHOLDERS. + +You've given them the runway and the time they need. Let someone else rush a broken mess to market. + + I'll take the R.C special please. + +Edit: Just dawned on me, there's another stonk that shall not be named, whos CEO just can't shutup about all the nothing they're doing. hmmmm... thought for food +Hey guys, I need your help. I closed a short on Kraken when my equity (unrealized profit/loss + balance) was worth about $40k. I closed my short position by buying 200% worth of the original attempting to open a long while closing (kraken has a feature where you can choose to close your margin position by percentage, and anything over 100% turns into a margin long). + + +I instantly had a -$800 balance on my account (instead of what should be around $40k ). The long didn't open because they halted new margin positions, but the close order went through fine, showing about a -$10k loss on what was a $51k balance, which should have left about $40k--not -$800. + + +What is going on? There seems to be an error in the new system and support hasn't responded. Has this happened to anyone else? + + +Also, for those interested, here is a more detailed overview of the lintany of problems resulting from gross negligence that I have experienced with Kraken this week: + + +I opened a short right before Kraken went down to take advantage of the Korea FUD, but could not close it. Kraken had zero notification on their main website about the update and did not email me about this beforehand. Additionally, it was supposed to last 2 hours. + +To make matters worse they initially said margin trading would be closed for 48 hours after the site came back online and my first attempt to close my short failed, so I assumed they blocked people from closing margin shorts/longs since it uses the margin functions. Later in desperation, as I continued to lose more and more money as eth rallied, I tried to close it, and it worked--but that's when this new problem occurred. + + +The way Kraken announced and handled this update is completely negligent and unprofessional. I should have around $60-$70k in my account had I been aware of the update, and now I should at the least have about $40k, yet it says -$800. + +kraken-tyler and jespow how will kraken rectify this? Your incompetence cost me around $30k and possibly my entire balance if I am to believe the website atm, not to mention the extreme emotional toll this has had on me. + +I have slept 4 hours in the past three days as a result of constantly checking your status update on the upgrade, which consistently grossly underestimated the time until launch, giving false hope to users, and providing reason for me to continue to attempt to stay up a few more hours in order to close my position to minimize damage. An estimated couple hours turned into a couple more hours which turned into 2 days. I didn't sleep for almost 35 hours at the start of all of this. + +All insights into how I can go about receiving support or possibly pursuing legal action if necessary (really would like to avoid this and currently giving Kraken the benefit of the doubt, but this is not a small amount of money) to fix this situation are much appreciated. + +Edit: + +It seems this exact issue has happened to others such as /u/TraderJoeSmo + +https://www.reddit.com/r/btc/comments/7q8um2/psa_major_kraken_bug_resulting_in_missing_funds/ + +Here are the pictures he took documenting his version of this issue: https://imgur.com/a/vyU6L + +Hello there! + +Regarding all that recent hype I’ve decided to look into trading. + +Did a lot of research (I mean, I think so lol), and before beginning to use real money and not excel I’m wondering about the mistakes I’m about to make (or already made as I ended up in this wonderful community). + +It will be great if you guys can share with me some of your experience and maybe give some advice, but tbh a good loss story will be OK as wel haha + +So, what are Top 5 of yours? +Realize this is an ETF forum. But I'm sure much of us also own some stocks. It might not be the absolute best candidate. But JNJ is the stock I'm most comfortable holding, and adding to, when the market is in a confirmed downtrend. What other stock candidates are there? +LIKE THIS SO HE SEES + +WE APPRECIATE YOUR SUPPORT! + +But why not join the fight? + +Nows a great entry point and someone like you getting behind this will sure to have a positive impact just by your name alone. Including the fact that you also have the cash to make a huge influence and move the needle!!! + +This could lead to several billionaires getting involved (financially) and uniting with the people leading to the destruction of these HF MFers. + +Let us apes 🦍 come together over this rocket 🚀 and secure a safe flight for all. + +May the tendies be with you ! + +POS: 279 shares + +Edit: thanks for the awards but go buy $GME it’s on discount (not financial advice) +My kids dad the Forman is frustrated. Something to consider if your looking for a career. + +I’m not simply talking carpentry. There’s plumbing. There’s OSHA inspections. Electrical. Welding. Some of it isn’t even physical. + +Please read the entire comment section. Lots of job opportunities. +Let me preface by stating I have been going to auctions since I was a kid, and one of my sources of income is buying and reselling antiques, vintage items, etc. + +With that said, I cannot get over what items have been selling for lately at local auctions. People have been buying things left and right like everyone won the powerball. + +I was trying to buy some stuff for myself, like some used tools and other items for my garage, and people have been paying more than I could get the same ones brand new at Lowe's or Home Depot. + +Also, if you aren't familiar with online auctions, you also have to pay a 15-20% buyers premium fee on top of what you actually bid. So a $100 bid equals $115-$120. + +I don't get it, if you turn on the news, many people are still suffering from the pandemic and many are also out of work. + +But you would not realize it if you went to some of these auctions. I've never in 15+ years have seen things sell for as much as they have lately. +It seems too easy, but *in my opinion* there exists a no brainer method to handle the actual monster that GME has become, and what it will continue to be. If you already own at least 100 shares at a decent cost basis as myself, consider yourself lucky. Full disclosure: I was assigned on a $59 put i sold a few weeks ago. Sure, one can sell CSP's and hope to get lucky on a heavy dip, but i think selling near ITM CSPs may be the better bet, as assignment would be highly advantageous + +**Call premiums are through the roof, and they will only continue to increase as squeeze hype remains/continues to build** + +&#x200B; + +[These are Friday priced 41 day to expire call options for GME. Can you say easy money?](https://preview.redd.it/w1zy2nhfmil61.jpg?width=1440&format=pjpg&auto=webp&s=67ef4cb32b511056f245ff34de23918734bba14f) + +As long as WSB stands behind it, and the r/GME sub exists, the hype and call buying pressure will not subside. But here's the thing: The monumental MOASS that these types all but promise is not a certainty, in fact it is highly improbable. It is my opinion that GME may go through a Tesla-esque short burn, slowly increasing month after month as new shorts pile in, while Cohen and Co release direction and positive news to slowly churn the price higher. This is advantageous to the company and the stock in the long term. I believe it is in the best interest of the company to pursue this strategy. + +&#x200B; + +Selling 30-45 DTE far OTM covered calls will not only give you padding room for squeeze activity, but also pay out rediculous premiums as long as squeeze hype exists. which if you listen to apes, probably will never go away. My strategy: I will sell $300-$400 CCs and use the proceeds to buy more shares on dips, forever increasing my share count and CC selling ability. + + Cheers everyone! all thoughts expressed in this post are my opinion and do not represent investment advice! +I am dancing right now. This will mean a couple hundred more a month which means that I can actually afford to put a decent amount in savings, pay some debt, and afford Christmas gifts! Just wanted to share my good news with a sub I've been lurking on for a while and who have helped me get through life struggling financially. + +Edit: it's actually not OT, I should have been clearer. I get full time benefits but I only work 32 hours a week so this extra 8 just brings me up to 40 so definitely managable! Thank you everyone for your concern though! +I am dancing right now. This will mean a couple hundred more a month which means that I can actually afford to put a decent amount in savings, pay some debt, and afford Christmas gifts! Just wanted to share my good news with a sub I've been lurking on for a while and who have helped me get through life struggling financially. + +Edit: it's actually not OT, I should have been clearer. I get full time benefits but I only work 32 hours a week so this extra 8 just brings me up to 40 so definitely managable! Thank you everyone for your concern though! +I'm in Canada and finishing university with enough money to pay off like 90% of my loans - the loans are from the government and are fairly low interest. Is the smart thing to do just pay it all off and be poor for a bit? Or pay monthly? Thanks. +No word on where he will be taking his sabbatical. + +https://www.usatoday.com/story/money/2018/03/09/pharma-bro-shkreli-faces-high-stakes-sentencing-fraud-case/409846002/ +Got an interesting proposal today to purchase a winery in Southern CA from a family friend. TL'DR Seller is old 75-85's and his children don't have interest in running/are mismanaging and he wants to sell it for a bargain price 50% off. It would still 10mil+ (hiding specifics for privacy) for just the winery and I'd have to build the resort after which I'm thinking would also be a wedding spot built into the mountains. I'm thinking if I buy the winery for $10mil, put 5mil into to build the resort, I can cash out the equity with a 40mil value 10 years from now. Financing it isn't an issue. + +I have experience with residential multi-family real estate but 0 experience with winerary's or building and managing resorts. I'm interested in this project because the financials make sense (in theory anyway) and it just seems like a cool project for me sink my teeth into. + +So here's the question for the community. + +1. How often do you get interesting proposals like this that are viable? If I pass, are these types of things common enough. Context I'm 27 and haven't had the opportunity to build up my network and don't know if stuff like this is common. +2. Anyone wish they just enjoyed retirement (think travel vs this) instead of taking on projects like these? +3. I'm a software guy and I do own property and have experience managing labor but a winery and resort are a huge shift kinda sorta. + +Do you guys think if you are a competent person with strong common sense and a proven track record in other industries that you can come over to any other field and succeed? I don't want to be Elon Musk overconfidently buying twitter and blowing a bunch of money just because I think I'm 'good' at anything I do. + +&#x200B; + +Edit: After reading the comments, I am now leaning away from buying the winery. Yes I know I'm an idiot for even considering it but I really do think it's viable at least on paper. The land value from the appraisal report I received is 100% of the purchase price. I'm essentially getting all of the buildings, machinery etc for free. Anyone wondering about the acerage its 500+ acres. + +Edit2: People are telling me I'm room temperature stupid. I accept that I might be and I'll very strongly consider not proceeding forward. You're right I know nothing about this business and I'm not willing to sink a lot of my time. Fun fact I dislike the taste of wine and I doubt I've ever had a more than a few glasses in my life. Added that last fact to make the angry mob more angry. I do think the actual business is viable. The math works. + +Edit3: The winery would be a hobby for tours. I'm much more interested in the hotel resort. Also plan on to develop and build residential housing which I can sell/rent which I do have interest in. I've never run a hotel but I know it's fairly easy and straightforward. I've invested in hotels and have experience in how they operate but have never managed one day to day. I can call upon my network for assistance with the resort/hotel. +I was going through the total returns of hedge funds vs S&P when starting at the same date, and SPY almost always has the higher percentage total return. Why hasn't a hedge fund bought Bull leveraged ETFs? Im aware that since the leveraged ETF resets daily that losses could be magnified in the event of a market crash, but that could be played off to investors as one bad year out of almost a decade. And in the meantime for 5-8 years (in-between crashes) you could boast annual returns hardly matched by few consistently. What am I missing? +A stranger sent me $585 "for motorcycle tires" and now he is requesting i send it back. Is this one of those scams where I send the money and then the original $585 disappears, leaving me the loser? +https://www.sec.gov/ix?doc=/Archives/edgar/data/1579982/000110465921042507/tm2110363-5_497.htm + +https://www.sec.gov/ix?doc=/Archives/edgar/data/1579982/000110465920129560/tm2031206-1_485bpos.htm#a_additionalrisk + +- Specify risks of investing in SPACs +- Remove limit on ADRs, warrants, preferreds, etc +- Remove 10% limit on investing of assets in single firm, up to 30% now +- Remove limit on investing in 20+% of a single firm's shares + +Seems to allow them to make even bigger bets on specific plays, i.e they were previously capping Tesla at 10% of their holdings in ARKK as it grew. Not sure how I feel about anything being allowed to run to 30%. + +Edit: "Supplement dated March 26, 2021", no it's not from November, the original prospectus is. +Throwaway account. I am writing this in case it will motivate someone who thinks that things are lost and they will never be able to achieve FI, or at least comfortable life. + +8 years ago I moved to VHCOL area in US to work for $10/hr. The reason was that I wanted to prove myself that I can make it in USA and that I can have much better life here than in my home country. Back then the average salary in my home country was around $9000/yr, now it's around $16000/yr. + +2014 - moved to US to work as "right hand" to the owner of a very small company. Doing data analytics, charts, emails, working in warehouse when needed, working with web developers. Really anything that needed to be done. Started at $10/hr. + +Edit: Got here on J1 visa after replying to a job ad that said it would sponsor it. + +Edit 2: This owner has a popular (in specific circles) business blog which I have been reading for many years. One day he posted article that he is looking for someone good with data, etc...and that he is willing to sponsor J1 visa for the right applicant. I believe around 70 or 80 people applied. And I was one of them... + +2015 - I was doing great job. Boss was slowly increasing my pay to $14/hr. Company was sold to Private Equity in 2015. They saw my potential, and bumped me to $18/hr. + +2016 - After 2 years in USA, I decided to start looking for another job and see what I can get. Found a job for $65k. Doing mostly Partner management and data analytics. Remember, this is VHCOL area, and later on I actually discovered I could have negotiated this to be much higher. + +2017 - Overperforming in the company significantly. Everyone is super happy with me. Bumped to $73,000 + +2018 - Another year of great performance, bumped to $79,000. + +2019 - Changed roles in the company. Now solely focused on Data analytics. $85,000 + +2020 - First year in new role. Overperforming again. $91,000 + +2021 - Same story, overperforming and bumped to $100,000. However denied a large promotion. Dec 2021 due to a re-org, I got the promotion and bumped to $125,000 + +2022 - over 6 years in the company. starting to be little burned out. And more than burned out, I am really getting bored of the industry. And even with all the bumps and raises, I see similar roles online paying more. I started to actively apply for new jobs in May 2022. Had few very good interviews. One job I really wanted, interviews went really really well and I was 99% sure I got it. Then while on a trip abroad, I got email that they decided not to go with me (for very weird reason). It ruined my vacation and I got really demotivated by this, and thought that maybe I am too greedy and want too much. But kept applying and got a lot of messages from recruiters as well. + +Well, on Friday 2 days ago, got an offer from S&P100 company, $170,000 + 15% bonus + $17k in stocks. + +Telling my current boss tomorrow. I think he is going to be devastated. Right now I am 100% sure him and a lot of other higher ups are going to try to persuade me to stay. But that's not happening, even if they tried to match. + + +Across this journey I got also some stock options which ended up being worth quite a lot, but I consider that more of a luck then my skills, so I did not include those in the values above. + +At the end of the day, I was lucky mainly in 2 areas: + +* I am good with data, and I like data and analytics. And there seems to be huge demand for someone who can connect the data and business side of things +* My current employer, although probably underpaid me the whole time, I was getting above average raises and kept learning a lot. Which at the end helped me getting the job that I just got. And the stock options made up for the lack of salary, which was one of the reasons why I stayed for so long + + +Sorry for the long text. I felt like sharing and hopefully it keeps someone motivated. I didn't have any US based education when I moved here. No friends, no connections. Just packed a bag of clothes and flew over 8 years ago for a $10/hr job. Had to prove everything with my skills. And I am not stopping. Hope to retire between 45-50 (I am late 36 now). + +UPDATE + +I want to answer 2 most common questions that were asked. + +**1. Details about my visas**: My J1 was for 18 months. I met a girl here few months after I moved here. US citizen, but not born here. We connected right away - we had a lot in common (immigrants, frugal/not overspending, not making much either...). When we met, she was making I believe around $45k. I married her 18 months after I moved in. It was the only way we could stay together. We are still together 8 years later + +**2. Advice on data analytics**: People ask below advice on tools, certificates, etc. To be very honest, I don't think any of that is the most important part. The most important thing is - try to understand the business and what are you analyzing. That's how I became so valuable to my current employer. I would come up with ideas on how to analyze things that are helpful for the company. I could connect the dots. Understanding the business and coming up with solutions to solve problems is the key. By solutions I don't meet data warehouses or anything technical, I mean using our existing data to answer important questions. + + I have a analyst reporting to me now and he is excellent in SQL, Tableau, Excel. He can do anything I ask him to. But if I just ask him how would he solve the problem, how would he find the solution, he doesn't know. He needs me to tell him how to do it, and then he can do it. So now that is what I am trying to teach him - understand the business, all the connections, ins and outs. That's the most important thing + +**LAST EDIT: Fuck this exploded! Thanks for all the support guys!** +The obvious difference in volume of GME and others in the group is telling me that majority of trade volume that drive up the prices of these stocks come from institutions and other giants. Yes, there is definitely fomo buyers and day traders but that wouldn't account for even a tiny percent. So what that means is what we seeing with huge volumes could be shorts covering, and/or they pumping to hedge their positions against GME short position. And they are definitely NOT covering GME or even letting go of that short button. + +My opinion is simply echoing what u/myplayprofile said in her 2 DD posts, and I think they doing the same tactic on several rising stocks right now. So I believe GME has now separated itself from the pack, yes the prices might move similar like they have been, but GME is now 100% different. There is only one Stonk remained. Super Stonk. + +I'm not predicting future prices or anything here, nor do I tell you to do anything. I'm just stating my opinion of GME being the ONE and ONLY stonk on its own now; further confirm my bias of others being distractions, because I started in January buying in the hype of meme stocks, heavily invested in 4 of them, got caught holding since, but now there is only ONE. + +TLDR- Don't get distracted, nothing changed the past 2 weeks, GME volume is still tiny like 2 weeks ago, shorts are shorting more, and very few real ppl actually bought into or FOMO into amc or bb or others, it's all institutions and their media playing games. +As most of you know, home buying in America right now is an actual shit show. And yet my wife and her family have all but forced me into buying a home in this market. Not that I don't want the house, but I'm the only one who sees the bubble we are in. + +I was THIS close to being forced to sell my shares to help cover the down payment, but I went full ape and instead sold my dignity. Told them all my money is tied up, illiquid, in investments. + +My wife and her parents are practically paying the full cost of the down payment and are reasonably pretty pissed and disappointed in me, but I felt like I would have been giving up the fight. Of course, paying them back will be easy after MOASS so I'm not worried about that particularly. Feel like shit now though. + +I know times are tough for alot of us, not just me, but I wanted to vent and share the struggle that alot of us may be going through. + +Hang in there everyone! 💎✊️🦍 + +EDIT: Holy moly guys! This kinda blew up. I was expecting like 5 comments and for my post to fade in 15 minutes. + +I really appreciate all the kind words and positivity! + +DIP or RIP, I'm fired up for Monday! +Yeah retards, you just got called out on CNBC by Cole Smead \[who?\] + +“They are buying bullish call options that expire inside two weeks. There was ($500 billion) of bullish call options bought in a four-week stretch by small retail traders,” Smead said. \[The horror!\] + +Well Mr Smead, WTF do you expect them to do? Work for minimum wage on zero hours in the gig economy? Go to college, rack up 300k debt and find no jobs ‘cause no experience’? + +[Young and dumb](https://www.cnbc.com/2020/10/15/smead-nightmare-us-stock-valuations-driven-by-young-dumb-investors.html) + +&#x200B; + +https://preview.redd.it/v9hyjt5rn8t51.png?width=2160&format=png&auto=webp&s=3e2f28c796b70aab068f46602066afb8b5757595 + +&#x200B; +**Tldr**: BCG seems to hate shareholder activists. Might explain why BCG is so pissed that their recommendations were scrapped by a shareholder activist of all people and why RC *really* does not like BCG. + +I stumbled across something interesting after reading u/ProbablyAnNSAPlant’s post about the PulteGroup blog post that was scrubbed from the BCG website ([https://www.reddit.com/r/Superstonk/comments/u0wcb9/did\_bcg\_try\_to\_scrub\_this\_blog\_post\_about/](https://www.reddit.com/r/Superstonk/comments/u0wcb9/did_bcg_try_to_scrub_this_blog_post_about/)). Checking out the webarchive link, one of the tagged areas of expertise caught my eye: “Value Creation Strategy and Shareholder Activism Defense.” + +[https:\/\/web.archive.org\/web\/20220407185915\/https:\/\/www.bcg.com\/publications\/2015\/value-creation-strategy-pultegroup-transforming-business-model ](https://preview.redd.it/rvfgolw8bvs81.png?width=4334&format=png&auto=webp&s=0643fc7554eb37cf0ddd21e0aba9e80fbf06b891) + +Turns out that BCG apparently *really* does not like activist shareholders: + +https://preview.redd.it/x8j58ymibvs81.png?width=596&format=png&auto=webp&s=64937ab702c8ccb302ed25d62e329ae9412a473f + +[https:\/\/web.archive.org\/web\/20220407194553\/https:\/\/www.bcg.com\/capabilities\/corporate-finance-strategy\/value-creation-strategy ](https://preview.redd.it/grf4dj4obvs81.png?width=516&format=png&auto=webp&s=55099785099449c25bcc9c1b9ae7bda1594f56b5) + +BCG is “the only major consulting firm that has an explicit policy against working for shareholder activists.” They go on to say that “activist campaigns are all too likely to destroy value, so it’s essential that companies preempt them.” Oh really... + +Seems like an interesting aspect given RC’s significant focus on and beef with BCG. + +Full disclosure, while researching, I saw that u/Useful_Tomato_409 also picked up on this connection, but their post seems to have died in new ([https://www.reddit.com/r/Superstonk/comments/tykyle/bcg\_value\_creation\_strategy\_and\_shareholder/](https://www.reddit.com/r/Superstonk/comments/tykyle/bcg_value_creation_strategy_and_shareholder/)). +https://www.personneltoday.com/hr/uk-employees-fail-to-use-holiday-entitlement/ + +Does anyone find this shocking? + +People, take your entitled holidays, generations before you fought for the working rights, things like working 8hrs a day, lunch breaks, time off! Work is not everything. You are replaceable and your work will be forgotten in a few years so put work into perspective, it's just work, your personal life matters more. +Hello everyone! This might be an unpopular opinion, but I've been a subscriber here for 7+ years and one of my favorite things to read are the humblebrag "how you got to where you are" milestone stories. This is the 3rd milestone story that I've posted: I made [this](https://www.reddit.com/r/financialindependence/comments/atx838/just_hit_300k_nw_26_years_old_82k_income_heres_my/) post once *I* hit $300k and then I made [this](https://www.reddit.com/r/financialindependence/comments/duvs6d/we_just_hit_500k_nw_25_26_years_old_156k_dink/) post once I got married and *we* hit $500k. + +Those older posts have some great background on our childhoods, parents, college years, monthly budgets, and advantages along the way. I won't rehash those things here because I want to keep this post more numbers-oriented. Feel free to ask any questions you have. + +**Current Net Worth: $1,005,850** + +* **Net Worth Over Time** + * 2013: **$2k** + * 2014: **$20k** + * 2015: **$54k** + * 2016: **$76k** + * 2017: **$152k** + * 2018: **$264k** + * 2019: **$361k** + * 2020: **$536k** + * 2021: **$794k** + * Today: **$1,005k** +* **Net Worth Breakdown by Account** + * Savings Account: **$16,499** + * 401(k)s: **$458,687** + * Roth IRAs: **$168,094** + * HSAs: **$32,345** + * Taxable Investments: **$260,148** + * Home Equity: **$70,077** +* **Net Worth Breakdown by Asset Type** + * Cash: **$16,499** (2%) + * Investments: **$919,274** (91%) + * Home Equity: **$70,077** (7%) + +**Current Household Income: $197,000** + +* 2013: Both in college working part-time jobs. +* 2014: Both in college working part-time jobs. +* 2015: **$55k** (My full-time starting salary after graduating. My wife was still in college.) +* 2016: **$65k** (Still just me working. My wife was still in college.) +* 2017: **$122k** (Me: $69k. Wife: $53k. She finally graduated and started her first full-time job.) +* 2018: **$141k** (Me: $81k. Wife: $60k.) +* 2019: **$159k** (Me: $89k. Wife: $70k.) +* 2020: **$169k** (Me: $98k. Wife: $71k.) +* 2021: **$197k** (Me: $121k. Wife: $76k.) + +**Annual Spending** + +* 2015: Still finishing up college. +* 2016: **$30k** +* 2017: **$33k** (Higher because we bought, renovated, and furnished a condo.) +* 2018: **$38k** (Higher because we spent $10k on our wedding.) +* 2019: **$30k** +* 2020: **$21k** (Lower because of reduced travel spending due to COVID.) + +**General Habits Worth Mentioning:** + +* We've maxed out our 401(k)s, Roth IRAs, and HSAs every year since starting our full-time jobs, plus invested the excess in a taxable account. +* We've never invested in bitcoin or anything like that, just boring old Vanguard index funds. Vanguard is showing our personal rate of return since 2013 as 16.30%, which is historically high, but only slightly better than the S&P 500 during that time. +* We love to travel. We go on 3-5 trips per year to National Parks, European cities, etc. that we fund via "credit card travel hacking" courtesy of [r/churning](https://www.reddit.com/r/churning/). +* Unlike a lot of people on this sub, we've introduced the idea of FIRE to most of our close friends. Our parents and siblings also know our FIRE goals, but we set clear boundaries. We're pretty open about our journey and try to help others if they are interested. Because of this, our 15-20 closest friends are all into FIRE as well. We hang out with friends 1-2 nights per week, but instead of "going out for drinks" (we don't drink alcohol anyways...) we go over to each other's homes for home-cooked dinners and board games. I say this because we have a good social network, but don't have to spend a ton to maintain it. **Having a like-minded SO and like-minded friends have been two of the most important contributors to our happiness and high savings rate.** +* Saving this much and maintaining a 70%+ savings rate hasn't been "hard" for us. We don't have to try very hard to accomplish these goals - it's just who we are. We are natural savers. We buy everything that we want...we just find that we don't "want" a lot of the typical things that other people "want" (luxury cars, eating out, 5-star hotels, brand-name clothes, $30k wedding, huge home, etc.). + +Feel free to ask me any questions you may have about our life or FIRE journey. + +**TLDR: 2 like-minded FIRE people fall in love, make decent money, live a very frugal life, and save $1 million by age 28.** +What's up everyone. Here's an updated list of 'popular' stocks with high IV tickers and share price under $50 (for smaller accounts). + +Good luck to all! + +Ticker | Market Cap | Stock Price | IV (%) | Next Earnings Date +:--|:--:|:--:|:--:|:--: +MARA - Marathon Patent Group Inc|1.46B|$22.96|220%|N/A +RIOT - Riot Blockchain Inc|1.61B|$23.88|203%|N/A +GME - Gamestop Corporation - Class A|2.19B|$32.05|182%|N/A +DGLY - Digital Ally Inc.|79.2M|$2.93|177%|N/A +AMC - AMC Entertainment Holdings Inc - Class A|358M|$2.21|177%|N/A +RIG - Transocean Ltd|2B|$3.27|163%|N/A +FUBO - fuboTV Inc|2.42B|$35.62|160%|N/A +CODX - Co-Diagnostics Inc|286M|$10.13|148%|N/A +LAZR - Luminar Technologies Inc - Class A|7.3B|$33.21|148%|N/A +TLRY - Tilray Inc - Class 2|2.01B|$15.02|143%|N/A +SBE - Switchback Energy Acquisition Corp - Class A|1.39B|$44.28|139%|N/A +ACB - Aurora Cannabis Inc|1.55B|$10.95|137%|N/A +SRNE - Sorrento Therapeutics Inc|1.91B|$7.27|130%|N/A +JMIA - Jumia Technologies Ag - ADR|0|$43.81|129%|N/A +NKLA - Nikola Corporation|7.7B|$19.99|127%|N/A +APXT - Apex Technology Acquisition Corp - Class A|600M|$16.75|124%|N/A +HYLN - Hyliion Holdings Corporation - Class A|2.66B|$17.30|115%|N/A +HUYA - HUYA Inc - ADR|376M|$21.82|112%|N/A +WKHS - Workhorse Group Inc|2.96B|$24.59|111%|N/A +CRSR - Corsair Gaming Inc|3.87B|$42.02|107%|N/A +SPCE - Virgin Galactic Holdings Inc - Class A|6.46B|$27.57|104%|N/A +APHA - Aphria Inc|2.99B|$10.03|102%|N/A +CRON - Cronos Group Inc|3.8B|$10.64|101%|N/A +PLTR - Palantir Technologies Inc - Class A|37.5B|$25.45|99%|N/A +RKT - Rocket Companies Inc Class A|2.3B|$19.87|96%|N/A +COTY - Coty Inc - Class A|5.48B|$7.19|96%|N/A +CGC - Canopy Growth Corporation|12B|$32.27|93%|N/A +GRWG - GrowGeneration Corp|1.77B|$47.89|85%|N/A +PSTH - Pershing Square Tontine Holdings Ltd - Class A|5.81B|$28.98|83%|N/A +GLUU - Glu Mobile Inc|1.57B|$9.13|82%|N/A +X - United States Steel Corp.|4.98B|$22.45|82%|N/A +LL - Lumber Liquidators Holdings Inc|890M|$30.95|79%|N/A +OXY - Occidental Petroleum Corp.|20.8B|$22.36|78%|N/A +CNK - Cinemark Holdings Inc|2.09B|$17.50|77%|N/A +HOME - At Home Group Inc|1.4B|$21.71|76%|N/A +UPWK - Upwork Inc|5.04B|$41.35|73%|N/A +FEYE - FireEye Inc|5.2B|$22.84|73%|N/A +SAVE - Spirit Airlines Inc|2.46B|$25.11|72%|N/A +NCLH - Norwegian Cruise Line Holdings Ltd|5.29B|$24.61|70%|N/A +ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean |6.17B|$32.71|70%|N/A +IQ - iQIYI Inc - ADR|14.1B|$19.28|69%|N/A +CCL - Carnival Corp. (Paired Stock)|22.2B|$20.16|69%|N/A +TWTR - Twitter Inc|37.6B|$47.26|69%|N/A +PRPL - Purple Innovation Inc - Class A|2.1B|$34.51|69%|N/A +BBBY - Bed, Bath & Beyond Inc.|2.79B|$23.04|68%|N/A +M - Macy`s Inc|4.1B|$13.21|67%|N/A +CLDR - Cloudera Inc|4.38B|$14.14|66%|N/A +ZNGA - Zynga Inc - Class A|10.6B|$9.81|65%|N/A +AAL - American Airlines Group Inc|9.4B|$15.48|64%|N/A +LYFT - Lyft Inc Cls A|15.4B|$49.78|63%|N/A +UAL - United Airlines Holdings Inc|13B|$44.47|62%|N/A +UAA - Under Armour Inc - Class A|7.75B|$18.38|57%|N/A +WMB - Williams Cos Inc|27B|$22.25|56%|N/A +TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|12.6B|$11.59|56%|N/A +WDC - Western Digital Corp.|15B|$49.51|56%|N/A +DISH - Dish Network Corp - Class A|17B|$32.50|56%|N/A +HAL - Halliburton Co.|19.1B|$21.50|55%|N/A +DBX - Dropbox Inc - Class A|6.99B|$22.11|55%|N/A +MGM - MGM Resorts International|14.8B|$29.96|55%|N/A +GPS - Gap, Inc.|8.32B|$22.27|53%|N/A +VALE - Vale S.A. - ADR|95.9B|$18.16|52%|N/A +LB - L Brands Inc|12.8B|$46.09|51%|N/A +GE - General Electric Co.|101B|$11.59|51%|N/A +GM - General Motors Company|69.7B|$48.59|50%|N/A +BIG - Big Lots Inc|1.79B|$48.12|50%|N/A +DAL - Delta Air Lines, Inc.|25.8B|$40.53|49%|N/A +NOK - Nokia Corp - ADR|2.61B|$3.97|47%|N/A +F - Ford Motor Co.|38.2B|$9.78|46%|N/A +PBR - Petroleo Brasileiro S.A. Petrobras - ADR|23.5B|$11.20|45%|N/A +LUV - Southwest Airlines Co|28.3B|$47.97|44%|N/A +DB - Deutsche Bank AG|24.2B|$11.71|43%|N/A +BP - BP plc - ADR|83.7B|$24.77|42%|N/A +ALLY - Ally Financial Inc|14.8B|$39.63|41%|N/A +WFC - Wells Fargo & Co.|140B|$33.87|41%|N/A +FOXA - Fox Corporation - Class A|17.7B|$30.00|40%|N/A +XOM - Exxon Mobil Corp.|205B|$48.47|39%|N/A +GOLD - Barrick Gold Corp.|42B|$23.64|37%|N/A +FIT - Fitbit Inc - Class A|1.7B|$6.95|37%|N/A +WBA - Walgreens Boots Alliance Inc|42.3B|$49.35|36%|N/A +HSBC - HSBC Holdings plc - ADR|112B|$27.46|33%|N/A +BAC - Bank Of America Corp.|289B|$33.47|32%|N/A +BK - Bank Of New York Mellon Corp|41.1B|$46.47|32%|N/A +HPQ - HP Inc|33.2B|$25.77|31%|N/A +WORK - Slack Technologies Inc - Class A|20.7B|$42.12|30%|N/A +CSCO - Cisco Systems, Inc.|192B|$45.42|30%|N/A +PFE - Pfizer Inc.|205B|$36.84|29%|N/A +MO - Altria Group Inc.|76.4B|$41.20|27%|N/A +T - AT&T, Inc.|204B|$28.66|26%|N/A +KR - Kroger Co.|24.4B|$32.05|24%|N/A +PCG - PG&E Corp.|24B|$12.11|24%|N/A +Ukraine has [published official addresses](https://twitter.com/Ukraine/status/1497594592438497282?s=20&t=qrsqUrPZKkiucJYWRC54-A) to accept donations for much needed supplies. Please, I'm asking you all to dig deep into your wallets and donate whatever you can. + +Those of you who've been around the crypto space for a long time will remember when donations to good causes were lauded in the community as a way to grow the footprint of cryptocurrency as a way to transfer wealth across borders. + +Right now, we should all invoke that same community giving mentality and put our Satoshis where our thoughts and prayers are. Dig deep, send what you can, and lets show the world why cryptocurrency is the future of finance. + +If you're a miner, point your rewards to Ukraine, if you're staking, stake in the name of Ukraine, if you're a hodler let your grip ease up in the name of a free and independent Ukraine. There is no middle-man here. Ukraine has official wallet addresses to accept donations. This is what crypto was made to be used for-- So lets use it. + +Note: If you do donate, please send the Transx # in the comments below along with an indication of the country you are from so your fellow crypto enthusiasts can give some love. + +Proof of my identity [can be found here.](https://imgur.com/a/O65vPSy) +____________________________________________________________________________ + +Edit: + +If anyone is interested in reaching out to the Consulate/Embassy to inquire about volunteering or other ways to help Ukraine, their websites are down, so here's their contact information: + +**US Embassy in Washington DC:** + +3350 M Street, NW +Washington, D.C. 20007 + +Telephone: (202) 349-2963 + +Email: emb_us@mfa.gov.ua + +Website: usa.mfa.gov.ua + +________________________________________________ + +**Consulate in New York City:** + +240 East 49 st +New York, NY 10017 + +Phone: (212) 371-5690 + +Email: gc_usn@mfa.gov.ua + +__________________________________________________ + +**Consulate in Chicago:** + +10 East Huron Street +Chicago, IL 60611 + +Phone: (312) 642-4388 + +Email: gc_usc@mfa.gov.ua + +__________________________________________________ + +**Consulate in San Francisco:** + +530 Bush Street, suite # 402 +San Francisco, CA 94108 + +Phone: (415) 398-0240 + +Email: gc_uss@mfa.gov.ua + +__________________________________________________ + +For the non-US folks, the entire list of embassies and consulates can be found here: https://www.embassypages.com/ukraine +I've heard mixed opinions on this from family, so I'm beseeching your wisdom, /r/personalfinance. + + +My wife and I just bought our first home. I discovered a leak behind the toilet a few weeks in, called a plumber, and ended up discovering that the wax ring had failed on the old toilet and had been leaking water into the subfloor for a few months (before we moved in). Moisture meter readings show that most of the subfloor is wet and all of the tile needs to come up. + + +The guy who will do the demolition and treatment of the subfloor is charging $2000. The guy who will replace the vanity (which has to come out) and re-tile will charge $2500. + + +Our home warranty is covering the cost of the replacement toilet and its labor ($350), but they don't cover anything for the subfloor. Our homeowner's insurance deductible is $500, and my wife wants to file a claim to have as much of this expense covered as possible. However, our real estate agent (a personal friend), as well as our parents, are telling us NOT to file a claim because the company could raise our insurance or drop us next year. Allegedly, if we even try to go to another insurance company, there's a "point" on our record after a fix like this, and new quotes will be astronomical. + + +* What should I do? We DO have the savings to cover these expenses, but it would be nice not to have to. + + +* if the homeowner's insurance actually does cover this expense and then subsequently raise our rate next year, how big a rate hike are we talking? +I’m so embarrassed to even write this as someone has stole money from me and it seems that Capital One is going to let them get away with it. + +Back in Jan I took my son to get ice cream. + +When I went to pay, my card got declined. + +I didn’t think anything of it so I used another card. + +When I looked at my phone I got a fraud text from Capital One and I automatically hit yes to the charge as my card had just got declined so I assumed that’s what the text was for. + +A day goes by and I get a feeling that I should check my account. + +I logged into my account and saw that there were 472 small charges in the amounts of $4.99, $14.99, $19.99, $29.99, $49.99 and $99.99. from a company in Hong Kong called MIHOYO LIMITED totaling $27,090.76. + +Never heard of this company a day in my life. + +I immediately call Capital One and tell them what’s happening. + +They tell me they can’t do anything because the charges haven’t cleared. + +Told me that I’d have to wait til the charges cleared in order to file a dispute but they closed my card. + +48 hours later they finally cleared so I call back and file a dispute. + +At this point I’m thinking no big deal, I’ll get my money back because I didn’t make these charges. + +A few days go by and nothing in my account. + +I get a little worried and call them only to have a gentlemen tell me that my claim was denied as they didn’t find any fraudulent charges and everything looks normal. + +(ARE YOU KIDDING ME! 472 SMALL TRANSACTIONS FROM A COMPANY I NEVER USED BEFORE LOOKS NORMAL TO YOU!!) + +That’s when the circus starts, they tell me that I can request the documents that they used in order to make their decision. + +I request those documents and then wait, they told me it should take 72 hours. + +Well 3 weeks goes by and nothing! + +I called everyday and they tell me each time that they sent it to my email address but I received nothing. + +So, I decided to reach out to the company in Hong Kong MIHOYO LIMITED who after some research find out that they are the people behind the popular game Genshin Impact. + +I received a response from them asking for the transactions IP address so that they can research it. + +I call Capital One and they tell me that this is suppose to be sent with the e-mail that will have the reason why they denied me. + +Long story short, 3 months later after constant calling I get the documents that were used. + +First, no IP address were listed and secondly the only data that they gave was my bank statement with text that read “all transactions are confirmed” + +Guys, at this point I’m devastated this whole ordeal has put me in a bad place. + +What can I do to get my money back? Please help. +We all hate corporate media. This documentary is not that. + +The upcoming doco is by an ape, interviewing reputable figures talking about live active market manipulation, on a highly reputable channel narrated by an actor who has spent the last 4 years playing a media mogul's son. + +The trailer is like a two minute summary of the last 12 months+. + +This is just the beginning... + +Edit: As requested https://youtu.be/ViEKPjkjEWI +Guys, this is the moment we have been waiting for - Bitcoin has finally decoupled from the stock market! + +While the stock market has been pumping for five days straight, Bitcoin completely ignores it and continues to dump further down. + +I've waited for this moment since 2017 and it has finally arrived! We did it, congratz to everyone who HODLed long enough to witness this historic moment. No more price movement following the stock market, from now on we just dump no matter what, what a blessing to be part of this community and the crypto space! God bless us all. +On this and other financial subs, the common trend for younger people is their desire to get rich...and as fast as possible. Many of us wealthy and successful people try our best to educate you...advise you of the steps you should take to create a solid base to build from....give you a game plan even. + +Wanted to ask you younger people....do you kids actually listen and follow through? I personally want to see you succeed in life, and it would help if every now and then, some of you post a thank you if our advice helped you make money or get ahead in life. We want to believe that we gave you invaluable information, and it would be nice of you to...you know...take a moment to let us know. + +Hope that's not too much to ask. Thanks! +Sen. Elizabeth Warren is calling for the ouster of 12 board members at Wells Fargo due to the fake accounts scandal that has rocked the bank. +http://www.cnbc.com/2017/06/19/sen-elizabeth-warren-calls-for-removal-of-all-12-wells-fargo-board-members.html +Bed Bath sold the Christmas Tree Shops in 2020... + +https://preview.redd.it/49hdelu91fm81.png?width=372&amp;format=png&amp;auto=webp&amp;s=c7fd442b9bac76e50696ab4432df79cce4f2fb43 + +[Mark Tritton, Nov 12th 2020](https://preview.redd.it/ou41x68l1fm81.png?width=967&amp;format=png&amp;auto=webp&amp;s=a5aa8f5bd3d60acc58fe43bd970c0e2693df36be) + +[Expensive Consultants...](https://preview.redd.it/nnwpri33xem81.png?width=378&amp;format=png&amp;auto=webp&amp;s=0735308fb6490fbee01490bad67c191f825f7c20) + +[What is it ya do here?](https://preview.redd.it/uh57yxisyem81.png?width=431&amp;format=png&amp;auto=webp&amp;s=5777fd600ef026aaaf354cd41e39b3f5cbb6e1e4) + +So, I was thinking to myself... did anybody look up the consultants... + +And, I think that the CEO "Mark Tritton" is the consultant... Because I think that hes there to help shorts... and thats why hes so expensive... + +BBBY didn't hire anybody that I can see... but The Christmas Tree Shop did. + +[https:\/\/www.consulting.us\/news\/7306\/how-consultants-helped-christmas-tree-shops-with-its-it-carve-out](https://preview.redd.it/pxpejwwpzem81.png?width=765&amp;format=png&amp;auto=webp&amp;s=91efb90bb3ad219a547e22b5faf455253240e523) + +[https://www.columbusconsulting.com/category/team/](https://www.columbusconsulting.com/category/team/) + 80PCT Of this post was removed. -no idea why or how - + + +https://www.reddit.com/r/Superstonk/comments/taoea7/my_post_was_removed_uploading_for_visibility_im/ +Hi all, im here for any suggestions about budgeting/managing our family condition. +Im 35(2500€ netto) , my wife 31(3000€ netto) with 2 Kids (1 and 4yo) +Here some numbers: + +Mortgage :750 (we live in Milan) + +Groceries :800 + +School :100 + +Nursery :500 + +Insurance (house/health/injury/mortgage/cars) :250 + +Gasoline : 450 (im lucky and i go at work in mountain-bike but my wife every day she has to do 110km) + +Loans : 400 (kitchen/bathroom/bedrooms etc..) + +Bills : 200 + +Restaurant/delivery food : 200 + +Sports : 100 + +Clothing : 150 + +Dog/cat : 150 + +Investment mom&dad : 550 (Vanguard lifestrategy 80/20) 15+ years + +Investment Boys: 200 (Vanguard v3aa) 20+ years + +HR investment: 500 (Bitcoin cold storage) until 2032 (3 halvings from now) + +Emergency fund : atm Only 2k, used for a serious unforeseen event past months. + + +Why would a delisted companies spike? + +As I understand it, shfds short a stock to virtually zero, making tons of bank on the way down. +Once the company is delisted it’s technically no longer a threat against their short positions. So they leave them open in perpetuity saving the cost of both closing the positions and any gains associated. + +Here’s the chink in their armor. ( I think ) + +If a shfd gets margin called, liquidated, and goes to the clearinghouse, ALL their positions will be settle to clear their books. Including the open positions on the delisted companies. + +I think the spike may be the death throes of a couple hedge funds. + +There also may be a couple others getting nervous and trying to close their own positions adding fuel to the situation. + +There is probably hundreds of these delisted stocks going back decades with unclosed positions. + +These are my observations. Please add or correct as you see fit. +💎🙌 🚀 🚀🚀🚀 + +Edit: this[post](https://www.reddit.com/r/Superstonk/comments/ph8zcc/zombies_coming_back_from_the_dead_rule_15c211/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) by @jaloosk was brought to my attention about a rule going into affect that could also be causing the spikes in the delisted stocks. I have read the document in the post, but to be honest it is tough for me to follow. Take a look and share your thoughts please. + +Edit: @u/jaloost + +Edit 2: This [post ](https://www.reddit.com/r/Superstonk/comments/phujc2/introducing_the_expert_market_otc_market_groups/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +By @u/hmhemes responds to Edit 1 and has great information. Please read. +Edit: So this smoothveined ape just found out about filtering search only to DD, suggest a lot of you do the same 😂 +Edit: Since some people also need help with filtering 1. Tap the 3 dots menu in a post which has search flair. 2. If you tap on a flair in cards view it’ll search by flair. +3. To search manually; use flair_name in the search field +And for mobile users just go on to the r/superstonk page and click on the about section, then click on DD or whatever flair you like. Peace ooot this English ape needs sleep. +Morning update: Damn good mod team seems to have cleared up a load of the bs from yesterday, let’s keep it this way ape bretheren!! +So, after much deliberation and DD, I finally made the call to dump about 70% of my popcorn stock that I've held since early 2021 and dumped it all into GME. My total shares count took a huge hit, which freaks me out a bit, need some reassurance I did the right thing! I just like the stock, but always second guess myself... +Sup Apes, + +&#x200B; + +not financial advice. + +On a mission to prove (some) TA actually works 🚀 + +check out yesterday's prediction: [https://www.reddit.com/r/Superstonk/comments/nvh6xr/i\_predicted\_todays\_peak\_by\_45\_my\_thoughts\_for\_the/](https://www.reddit.com/r/Superstonk/comments/nvh6xr/i_predicted_todays_peak_by_45_my_thoughts_for_the/) + +in my post from yesterday, many of you thought i was shilling by saying I saw 264 coming today. Who's retarded now bitches??? I'm no shill, I just tell you what the chart is saying to me in an unbiased manner. look at the low of after hours today... + +[30m](https://preview.redd.it/rf9utqvhdb471.png?width=2766&format=png&auto=webp&s=e165efd7cccc80764a7c2a54231ee345708e3e23) + +So... now that we know we can accurately use EW to predict movements, i've got some juicy confirmation bias for you. I apologize for my post yesterday not being too enthusiastic, it was only because I had a strong feeling that based off our wave setup that a steepish correction was inevitable. Low and behold, we hit my loading zone from yesterday (visualized above by the purple fib lines). + +Using EW, in the very low chance today was NOT the bottom of our cycle 4, then 238.1 would be our next target. ABC correction targets ideally 50% of the 12345 impulse, tho on a bigger scale we look to have completed our cycle 4, which targets 38.2% of the 123 (im so so so sorry i know this probably makes no sense, but I promise it all checks out and adds up) + +Using this, lets zoom out and see where our cycle 5 should end up, based on the *assumption* that 264 was our cycle 4 completing: + +[specifically look at the white \\"waves,\\" this is our cycle set \(3rd biggest subdivision of waves in EW speak\)](https://preview.redd.it/4vs0tr4reb471.png?width=2130&format=png&auto=webp&s=2c0bb2c6e801f7ad1b8a219efb183a7b1daf5228) + +Idk about you all, but I'm waking up as early as I can and abusing the buy button on my brokerage. this dip won't last long, take advantage of it! + +So lets talk upside price targets now. given that wave 5 targets a 1:1 of wave 1, we can conclude that we should hit AT THE VERY MINIMUM 368 before seeing a strong (ish) correction. Keep in mind, if we crush that target, then we can re assess (granted I'll need to chart out the intermediate waves within the cycle for more precise targets, I'm just too lazy and giving you a basic outlook for the rest of the week. + +For your convenience, should we absolutely crush the 368 targets, watch the levels below for a rejection and show us how strong your diamond hands really are! + +[possible cycle 5 targets should we exceed 1:1 extension ratio](https://preview.redd.it/9ccn44j9fb471.png?width=556&format=png&auto=webp&s=c5ee1dfb0294be41d1494bf10e726b972352c0d2) + +first of all, don't you fucking dare day trade. With this roadmap I hope you have a better idea of what to expect going into tomorrow and the rest of this week. I'm ecstatic. + +&#x200B; + +For fun, lets zoom out and see for the hell of it what my bigger targets are, for the super cycle and grand super cycle: + +&#x200B; + +[hehe](https://preview.redd.it/lg944b4qfb471.png?width=2636&format=png&auto=webp&s=320f403b87ff115f72a15b023a657dd871505c3d) + +and keep in mind, this isn't even the squeeze. This is just the calm before storm. + +TLDR: BUY DIP. VERY LIKELY 264 was bottom of cycle 4, meaning in ape speak, now we go UP to at least 368.68 in the next few days. if by the off chance that 264 was not the bottom, expect around 238, but no lower (should literally be impossible using EW) than 219. CHEEEEEEEERS! + +buckle up ;) + +edit: I see some people saying my "predictions" aren't valid because I lay out a few different scenarios. In the market, it's not so much about being 100% certain of an outcome, rather be certain of the possible outcomes and act accordingly. This is why I give all the possible scenarios. + +edit 2: today feels eerily similar to the day after march earnings where shorts tried desperately to push price down, we all know what happened the next day... + +edit 3: possibly (6) final update for today, looking to have bounced at the 264 level as outlined, I should have mentioned this target in the DD, though it was mentioned in the comments somewhere with another EW ape. keep an eye on 256 as well. + +edit 4: lol just for fun, take a look at $IWM, its laughable how desperate they are at this point + +edit 5: I set buy orders at 264 and 257, went to the gym and saw we were around 245 and got super excited. Thanks ken, threw the rest of my checking account in and set a buy order at 238 and was super happy to see it filled. The fact that we keep dipping slightly below the 238 level tells me SHF are hunting stop losses, but the fact that they aren't pushing it much farther tells me they're running outta ammo. I really hope you all took advantage of today's fire sale, i got a feeling tomorrow will be like march 25th 🚀 + +edit 6: nooooo hahaha we broke below 219. Lower your pitchforks please lol, I'll draft a new theory tonight. All this means is that i have to redraw my cycle wave set, as we broke the rules of EW today. Just means juicier upside targets, cause this would technically be a cycle "2." Imma need to really wrinkle my brain to redraft this, thanks for putting your faith in my abilities nonetheless :) For what its worth the next bounce candidate i had on watch was 213 + +edit 7: holy fuck I'm so jacked, wait till you see my new dd... todays price action confirms something huge!!!!! 213 is THE BOTTOM!!!!! + +edit 8: lol i love y'all so much i went and gave targets on gangnam style for a few minutes when reddit was down, you found my youtube channel if you were there ;) +9 months of buying and holding and the price is still being suppressed. If at this point you don't think they can continue this facade for another 9 months then I don't know what to say. SHF's will lie, cheat and steal and the SEC doesn't give a shit, the DTC doesn't give a shit, and our government sure as hell doesn't give a shit. + +You know what happens when we get to 300? 350? Anything that would set this rocket off? We'll get shorted to all hell and it'll be the same song and dance over again. This is all well within their power because they hold the cards. They hold the shares. It's time we seriously stop praying for someone or something else to set the rocket off. The power is in our hands, it always has been. + +**#DRSGME** +So my brain has been making this connection recently and I'm trying to understand why. I remember forming the desire to be FI in my teenage years. But before that I remember believing in being good at something as in having a profession. By being confronted with the reality of the world one finds there isn't really anything worth doing other than that which leads to acquiring wealth and subsequently more freedom. In my case I especially don't have a desire of being wealthy but simply of not having to deal with work that I find meaningless. I guess maybe for people like doctors or scientists there is more meaning in what they do. I feel like choosing to become independently wealthy is downright nihilistic because on the deep level it says there is nothing worth doing in this world so I might as well live off my remaining time more comfortably. + +Don't get me wrong, I love the idea of FI and I'm working towards achieving it for myself but I can't help but feeling like I'd trade it off for a job worth doing. + +EDIT: I might be a little messed up in the head. But I see how most agree that the important things in life aren't valued by society so we have to retreat into our little asinine corporate cubicle gigs which later accumulate into our FI nesteggs, which just equals to other people doing those asinine gigs for us, so then we can finally larp out our fantasies about how we think life should be. + +To me, FI is admitting the system is broken, but instead trying to rebuild it, we're just buying ourselves a share in that system so we can get that sweet free ride. +This is the definition of Securities and Commodities Fraud according to the Law + +Whoever knowingly executes, or attempts to execute, a scheme or artifice— +(1) to defraud any person in connection with any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d)); or +(2) to obtain, by means of false or fraudulent pretenses, representations, or promises, any money or property in connection with the purchase or sale of any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l) or that is required to file reports under section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o(d)); +shall be fined under this title, or imprisoned not more than 25 years, or both. + +The DTCC meets the criteria under section 15 U.S. 78 of the Securities exchange Act That they are required to file reports. + +Under section (2) it states that it is fraud to obtain by fraudulent pretenses property in connection with any security of an issuer. So if the DTCC received shares from GameStop for a dividend, issued a split instead, and did not return those shares, it is SECURITIES FRAUD. + +We know that GameStop issued shares to Computershare for a Dividend, and Computershare sent those shares to the DTCC. + +We know that the DTCC did not issue the Dividend and ordered a Forward Split. The shares that the DTCC received from GameStop were obtained fraudulently because they pencil whooped the paperwork and did not issue a dividend. + +What we don’t know is what happened to those shares. We need this information to determine if the DTCC committed securities fraud. If those shares were not returned to Computershare then the DTCC could have their license suspended or revoked under the regulation statute. +BabyDot is the next big Earn Coin which doesn't just simply let you passively earn Polkadot through auto-staking (Staking while your tokens sit in the safety of your wallet!) but also allows you an option to compound your earnings by re-investing back into the token through the website! Claiming itself will be neat, simple and straightforward: you can claim your Polkadot coins at any time you wish by using the claim token from the website. + +Key facts to know: + +>> One of the best reflection token out there, 80% of tax is reflected to holders! << + +>> Coingecko live and in the top gainer list << + +>> Professional marketing agency hired and big influencer incoming << + +>> Audit in progress << + +>> Dex Tools trending incoming << + +>> CMC Fast Track applied << + +>> Big Asia campaign in the works << + +1 Mio Market Cap, there is plenty of room to grow!! + + +🐳 Anti-bot Mechanism + +What's more, there are strong anti-bot measures in place. There was variable tax for buying for the first 10 minutes of launch, starting at 99% and quickly decreasing linearly to 10% at the end of the said time period. This was not only effective against bots, but also gave us a solid liquidity which protects us from dramatic dumps. + +🧑‍🤝‍🧑Team + +As far as the team is concerned, it is a community-led token, but the contract has been developed and will be deployed by the same developers who were behind the massively successful token, EarnAda, which managed to reach a market capitalisation of over 3 million at its All Time High. So you can rest assure that all key aspects of the contract have been thoroughly checked, and there is no scope for smart contract failure, or of a rug or scam for that matter! + +🤑 Tokenomics + +Total supply: 101 tokens +Whale protection : 1% max wallet! + +CLAIM POLKADOT AT ANYTIME! +Claim via the website or the contract! + +10% Buy tax + +-8% PolkaDot reflection + +-2% Auto LP + +20% Sell tax + +-16% PolkaDot reflection + +-4% Auto LP + + +Website: + +https://babydot.community/ + +Telegram: + +https://t.me/BabyDotBSC + +Twitter: + +https://twitter.com/babydotbsc + +Contract: + +0x08bd7F9849f8EEC12fd78c9fED6ba4e47269e3d5 +**1) These people came from the top companies in the world:** + +* [Full GMEdd.com list of hires](https://onedrive.live.com/View.aspx?resid=D645EE2EDB0B6!2167&authkey=!AMFLvwFiMuIKSHI) +* Companies include: Amazon, Apple, Google, Microsoft, Facebook, Chewy, Zulily, Walmart, Zappos, Intel, Disney, PayPal, Target, and the list goes on... + +&#x200B; + +* **2) They signed on KNOWING:** + * They were not going to get paid nearly as high a percentage in cash as at the career position they were leaving + * And that their compensation would be heavily weighted in GME shares **THAT HAVE TO VEST** + +&#x200B; + +* **3) And they are furiously buying up THOUSANDS and THOUSANDS of shares:** + * With their own fucking cash from their already lower % cash paychecks + * Which they started doing the very second the required quiet period after Q4 earnings release ended + +&#x200B; + +# CONCLUSION: + +# THEY ALL FUCKING KNOW WHAT RYAN COHEN HAS COMING + +# THEY ALL WANT IN ** RIGHT NOW ** WHILE THE PRICE IS BELOW ASTRONOMICAL + +# THIS IS WHAT YOU CALL, BULLISH AS FUCK + +... + +**Oh, and RC himself bought 100,000 fucking shares on top of his already 9 MILLION total, like the glorious mad chairman he is.** + +... + +CHEERS, YA FILTHY FUCKING BADASS, DRS'ing APES! + +\-E2 + +# EDIT: + +**Don't miss these outstanding comments!** + +* u/NotBerger: + * [**https://www.reddit.com/r/Superstonk/comments/tnxybp/comment/i240cio/**](https://www.reddit.com/r/Superstonk/comments/tnxybp/comment/i240cio/) + +https://preview.redd.it/1y54sa20dlp81.png?width=1350&format=png&auto=webp&s=8c0c7bf2d6967f8cdd72586783133ea7606362a1 + +* u/a_hopeless_rmntic: + * [**https://www.reddit.com/r/Superstonk/comments/tnxybp/comment/i23zrd6/**](https://www.reddit.com/r/Superstonk/comments/tnxybp/comment/i23zrd6/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/udy7h4vcjlp81.png?width=1008&format=png&auto=webp&s=986815bb87228dbcc876c13b9c1d027765b54c67 + +*Edit: Thanks for the Snek award, Mr. Chairman! :)* +Disclaimer: "maybe we are all living in a simulation." -FCM + +By now, it is well documented, peer-reviewed, and understood that [Total Return Swaps](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) (swaps) are involved in concealing short positions, short interest, and is used to suppress $GME price action. Furthermore, there is a basket of "meme stocks" that are anchored together due to swaps and is preventing the lift-off of Gamestop. + +Plus there's that [active court case with Archegos](https://www.reddit.com/r/Superstonk/comments/xnbcgq/how_swaps_rehypothecation_work_archegos_employees/) admitting to swaps involvement and may likely be linked to the recent Shortex Data exposure from Debit Suisse. I mention Swaps, because it is critical to everything about Gamestop's stock so if you haven't already seen it, checkout what I discovered about [741](https://www.reddit.com/r/Superstonk/comments/xnz7f8/found_741_its_the_swaps_code_from_doddfrank_act/). + +Now before I jump into things, you may want to see where this going based on my last post - [GMERICA: Whale-Financed and The Activist Investors](https://www.reddit.com/r/Superstonk/comments/yefhfd/gmerica_whalefinanced_and_the_activist_investors/). + +BuyBuyBuyYes just released an 8-K statement and what's interesting is that their **official Legal Counsel**, Cleary Gottleib attached a statement too. + +# Who is Cleary Gottleib? + +A globally recognized elite law firm. These guys don't mess around and here's a shortlist of what they've done: + +* Restructured debt for [Countries facing insolvency and bankruptcy](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Notable_cases_and_mandates) +* Involvement in [high-level, Multi-Billion dollar Mergers & Acquisitions (M&A)](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Notable_cases_and_mandates): $146 Billion for T-Mobile & Sprint, $130 Billion for Dow Chemical & Dupoint, and $71 Billion for Walt Disney & 21st Century Fox +* One of their partners, Lee Buchheit, basically [wrote the international law book for debt-crisis resolution](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Buchheit_and_collective_action) +* [Won numerous awards](https://www.clearygottlieb.com/news-and-insights/news-listing/cleary-gottlieb-an-elite-firm-in-chambers-usa-2022-rankings) in prestigious publications in Law, Debt, and Corporate Governance +* Just got ranked in [USA 2023 Rankings as a Standout Firm for "Litigation"](https://www.clearygottlieb.com/news-and-insights/news-listing/cleary-gottlieb-a-standout-firm-in-benchmark-litigation-usa-2023-rankings) (a fancy word for winning lots of law suits, clearly badasses) + +# Now why is this important to $GME? + +BuyBuyBuyYes just released an [8-K filing](https://bedbathandbeyond.gcs-web.com/node/16556/html#d377691dex51.htm) on October 28, 2022 and within that filing made references to the August 30, 2022 [prospectus about ATM](https://bedbathandbeyond.gcs-web.com/node/16406/html) (at-the-market) offering to sell shares and pointed to the **Risk Factors**. Basically RC and company had active plans on-going (for Jefferies to manage the sale of BuyBuyBuyYes shares) since August but officially announced it a few days ago. + +This is NOT the first time RC and company has done this, and you'll see why. + +Even corporate mainstream media (MSM) picked up on it: + +&#x200B; + +[RC & co hinting at the \\"Risk Factors\\" inside the prospectus, basically firing a warning shot to the shorts](https://preview.redd.it/p81i2a1le3x91.png?width=1320&format=png&auto=webp&s=12ff999dc9a209acc03a22e4fe794306c3408833) + +Now going back to 8-K filing, because within that filing, the legal counsel and representatives of BuyBuyBuyYes have officially approved, stamped, and signed-off that the ATM offering is legit and it will happen even though BuyBuyBuyYes filed late. This removes any doubt for shorts to claim bullshit. + +Furthermore, Cleary Gottleib goes the extra mile to list every top lawyer in the firm, including the office locations, and leaving a statement of opinion on the SEC filing. To me, this says Cleary Gottleib is ready to bat for BuyBuyBuyYes (remember those frivolous lawsuits accusing RC of a pump n dump after he already sold BuyBuyBuyYes yet the stock kept running?). + +Here's the certification about ATM offering and opinion from Cleary Gottleib attached to the 8-K filing: + +&#x200B; + +[I've seen my share of corporate letterheads, but damn this looks like a serious message to the shorts: \\"If you want peace, prepare for war\\" or probably nothing](https://preview.redd.it/26q8ay43k3x91.png?width=1272&format=png&auto=webp&s=5786fd0497edc06053b12de5c6ff952d599b6973) + +# A Replay of Gamestop 2021 + +Okay, now for the connection to Gamestop. + +In April 2021, Gamestop also [filed an 8-K](https://news.gamestop.com/node/18746/html) (notice the law firm's opinion on that compared to Cleary Gottleib on BuyBuyBuyYes) with a [late prospectus](https://news.gamestop.com/node/18741/html#suppcov160986_1) pointing back to Gamestop's December 2020 ATM share-offering warning about Risk Factors. + +Here's MSM picking up on it, **again**: + +&#x200B; + +[April 5, 2021 - Gamestop filed 8-K with a late prospectus for ATM offering just like BuyBuyBuyYes](https://preview.redd.it/6xik8tcom3x91.png?width=1328&format=png&auto=webp&s=eeaa51ee2aec7453288e5ec5f9ae502c1063b49c) + +Are you starting to see where this is going? + +Here is a comparison between the two prospectus, beginning with Gamestop: + +&#x200B; + +[Gamestop's December 2020 prospectus, notice the details](https://preview.redd.it/95rrphxty8x91.png?width=1344&format=png&auto=webp&s=3347b07063a4180f69efd027840f2a8da26bd622) + +This was the first-time "short **squeezes**" appeared in Gamestop's SEC filings as a RISK FACTOR (yes, I actually checked the filings). They said SQUEEZES like plural, *as in many*. The prospectus also mentions the price range of the stock and clearly mentions Jefferies as the handler for the sale. + +Now here's BuyBuyBuyYes prospectus: + +&#x200B; + +[Legal Matters & Risk Factors - notice anything?](https://preview.redd.it/7hfwwt6f09x91.png?width=1466&format=png&auto=webp&s=49a03c7e299dda280cc846cd1a87209285e74822) + +Like Gamestop, this is ALSO the first-time "short squeeze" has ever been mentioned on an SEC filing for BuyBuyBuyYes. + +Now, I placed emphasis above, but what's crazy here is that BuyBuyBuyYes has explicitly stated the following: + +>*We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals*, and we do not know how long these dynamics will last. Under the circumstances, **we caution you against investing in our common stock, unless you are prepared to incur the risk of incurring substantial losses.** + +What company tells its investors DO NOT INVEST? LOL. Clearly, that's for shorts unless you are gambling options then whatever - this is not financial advice. + +Credit to u/MamaRemembersUsenet for pointing out that the BuyBuyBuyYes is aware that the price of the stock and fundamentals is completely disconnected from reality, or in ape speak: DTCC is committing international securities fraud. + +RC's hand-picked board members are well-aware the price is being suppressed on purpose and are making it known to all investors of its stock that extreme volatility is coming that's why they also included the range of the stock price for reference (probably to serve as a notice of what's coming to the shorts lol). + +Okay, I think you know where this is going next.. + +# Whale-Played: The Countdown to MOASS + +If you noticed above, Jefferies has been the same handler for both ATM share-offerings. + +This is a BIG tell because Jefferies has been the ONLY analyst that has raised the price target on [Gamestop](https://www.reuters.com/article/us-usa-stocks-gamestop-research-idUSKBN2BG2PQ) (in March 2021). + +And Jefferies is still the ONLY analyst that has raised the price target on [BuyBuyBuyYes](https://www.reuters.com/article/bed-bath-jefferies-idTRNIKBN2Q30MF) (in September 2022). + +Probably, cohencidence. + +Now why is any of this important? + +Let's tie it all together: + +**Because of SWAPS.** + +Guess what happened after MSM posted Gamestop's article in April 2021? The following month in May 2021, the second sneeze began (Gamestop did warn "short **squeezes**"), which was later discovered to be caused by Swaps Rollover, T+69 theory, FTDs covering - take your pick or combine them all. + +Every 90-days, due to swaps, there is a massive spike. However, **this cannot be predicted** since shorting hedge funds have been doing all sorts of bullshit to suppress the price action (like that orchestrated $30 parabolic), but it is without a doubt that the stock will eventually run, again. + +&#x200B; + +[Gamestop running in May 2021 - credit u\/criand for discovering Swaps ](https://preview.redd.it/7st33twx79x91.jpg?width=2438&format=pjpg&auto=webp&s=c21d66eb6f05eaef0a9ffd97157c4507db4bdc8a) + +# Conclusion: A Wombo Combo Squeeze is COMING + +Here's a recap of events that have happened, on-going, or in-progress: + +("A rising tide lifts all boats" -Meme basket 🚀) + +For Gamestop: + +* March 2021 - Jefferies price target hike +* April 2021 - SEC filing with prospectus (Dec 2020) and MSM article coverage +* May 2021 - see that picture above? Ka-BOOM! +* Gamestop used the mini-squeeze to sell shares ATM and save Gamestop from cellar boxing + +&#x200B; + +Now for BuyBuyBuyYes: + +* September 2022 - Jefferies price target hike +* October 2022 - SEC filing with prospectus (August 2022) and MSM article coverage +* November 2022 - it's about to get spicy + +Basically, hedgies about to get fucked: + +&#x200B; + +[NAKED SHORTING MEANS INFINITE RISK, WHICH MEANS INFINITE TENDIES](https://preview.redd.it/agq09m7889x91.png?width=727&format=png&auto=webp&s=af6f69351bd43ec9650d36f077af326b61a57036) + +Now, I am not saying correlation equals causation or because of this then that happened. + +All I am saying is this could be purely a cohencidence and we may be in a simulation. + +BUY. HODL. DRS. + +MOASS IS TOMORROW. + +\-Diamond Fingers out + +p.s. u/DeepFuckingValue says remember November: + +&#x200B; + +[\\"IN AN INFINITY SQUEEZE NO ONE CAN HEAR YOU SCREAM\\" -HAPPY HALLOWEEN SHITTY HEDGE FUNDS](https://preview.redd.it/zoqjg3xgb9x91.png?width=587&format=png&auto=webp&s=99501aca6ed25b64ec47bac82475f8a428047f65) +We have gone from $1600.00 to $2000.00 a month to less than $1000.00 including power & Internet. Next step getting our credit fixed and getting a vehicle. + +I didn't think this day would ever come. We spent our last dollar getting this place. The local food bank fixed us up too. + + +We don't have beds yet, but we can rough it in recliners for a couple of weeks. +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! + +Hello everyone. I’m a freshman econ major trying to explore different topics in the subject. +I was wondering why the meat industry is heavily subsidised(Upto 38 billion $) even though meat production has such negative impacts (mainly environmental impact) that resemble a negative production externality. +Shouldn’t they be taxed according to the Pigouvian taxes concept? + +Thanks for your time and consideration! +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! + +Call your senators. +Call your representatives. +Call everybody that could ever have input. + +We get their support. It’s a good bipartisan bill. They want your vote and they should support this. +[https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/](https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/) +Superstonk, we need to have a talk. + +This [post](https://www.reddit.com/r/Superstonk/comments/z1igo0/the_gme_token_was_a_backdoor_bailout_of_shorts/) has been up for 12 hours, is currently on the front page, and out of all the comments, only ~~1 person~~ a few people, ( u/not0_0funny, u/[CuriousehCee](https://www.reddit.com/user/CuriousehCee/), u/therealluqjensen, u/[TheSeldomShaken](https://www.reddit.com/user/TheSeldomShaken/), u/[Ignitus1](https://www.reddit.com/user/Ignitus1/)) seem to have actually read through the content and asked questions, but their comments are not highly upvoted. + +I started writing a comment but I think at this point it will get drowned out, so I'm dedicating a post to it because I think it's important. + +\--- + +u/uprclass2002 I appreciate the effort you put into your post, but I am downvoting it for multiple reasons; + +&#x200B; + +>"1 GME Token = $100,000" + +You presented 0 evidence this is true, and then used this information in your calculations later in the post. Based on this, all your math is unverified. + +&#x200B; + +>After careful analysis of the *GME Token* + +Token names matter, even spelling. For example [GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) (big S) token is different from [Gamestop](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) (little s) token. You said you *carefully* analyzed the "GME token", which is another unique [token](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8) of that exact name, but you presented data on the [wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496) token. None of which were explained or linked for clarity. + +&#x200B; + +>The GME Token **acted as a blockchain ledger to Trade Swaps** prior to the January 21 Sneeze. +> +>The bailout money received **didn't end up being enough to cover their short positions**, +> +>**so they were left with no choice but to shut down the buy button.** +> +>**The bailout was for up to $1 Trillion Dollars,** +> +>**of which $141.8 Billion Dollars was utilized.** + +Your tl,dr has 5 assumptions stated as fact. I did not see any "proof", as you claimed, in the body of your post to prove a single one of these assumptions. + +&#x200B; + +>So why didn't they sell??? They didn't sell because it wasn't an actual trade, + +To my point above, this is not proof. This is speculation. Maybe it's true that it was a swap and not a trade, but this explanation is unsatisfactory to come to that conclusion. They could have not sold for another reason. + +&#x200B; + +>The token was created/minted on 1/26/2021 at 23:46 UTC, 6:46pm EST, and 3:46pm PST as indicated by the Genesis Block. The first trade took place 6 minutes later, **which is suspicious in its own right** + +It is not suspicious that a newly minted coin was used soon after having been minted... + +&#x200B; + +>It is also, worthy of note that there were 207 unique addresses involved with all transactions of the GME Token. EXACTLY 200 OF THEM SEEM TO HAVE RECEIVED GME TOKENS!! + +Etherscan gives an active count of how many holders of any token there are, this number is not significant. + +&#x200B; + +>All transactions were processed using the Uniswap Contracts (UNISWAP V2: GME 2) and (UNISWAP V2: ROUTER 2) making the sending addresses of the Tokens unavailable to view. Somebody clearly didn't want anyone to know the origins of the senders for these GME Tokens. + +You can always see the addresses on Etherscan. Swap contracts do not mask addresses. + +&#x200B; + +>For good reason too, this was huge bailout to the tune of $1 Trillion Dollars for GME Shorts. The $1 Trillion Dollars was cap for the bailout, but it looks like they only utilized $141.8 Billion of it. + +Where on earth did you get these numbers? Why are you calling it a bailout? How do you know how much was used? Why are you applying hypothetical numbers to other hypothetical numbers to complete calculations? + +&#x200B; + +>So why didn't they use the full $1 Trillion? + +**What** $1 trillon? + +&#x200B; + +>Simple, because as the GME Tokens got swapped for Ethereum and the price kept going up, + +They weren't swapped for Ethereum. *Wrapped Ethereum* was [swapped](https://etherscan.io/tx/0x612c2ac37ac106e90551ffca5913486909979798948a5ed6da02c3e9d7745617) for *Wrapped GameStop.* These are all different things. + +&#x200B; + +>meaning that as the total bailout money increased so did the swap rate for Ethereum to GME Tokens. + +This just...doesn't make sense? + +&#x200B; + +>You can see from the log of Dex Trading Transactions that the rate almost non-stop increased until the final intervention. In other words, the swap rate for Ethereum was an increasing variable rate depending on the total bailout money utilization at that moment in time. + +Which transactions? You didn't link any. + +&#x200B; + +>After careful calculations, it was found that the original 10,000,000 GME were not correlated to shares or direct 1 for 1 in terms of dollars. + +You don't need to do "careful calculations" to verify that 10M wGME does not have the same $ value of 10M GameStop shares. + +&#x200B; + +>So, Melvin Capital got $2.75 Billion from Citadel and Point72...Wow, that's interesting that is the exact amount for the first transaction in GME tokens when converted to BAILOUT MONEY. + +Using your 1wGME=$100,000, which is unverified? Making this argument *extremely* speculative? Did you search for how that actual money was transferred from Citadel and Point72 to Melvin? If they got **any** cash whatsoever then your entire thesis is invalid. + +&#x200B; + +The rest is just more speculation built on top of speculation with no sources. I'll stop there. + +&#x200B; + +Your only saving grace, an unintentional nipple pun; + +>I have come to a complete and udder shocking conclusion +Dear people of Reddit, + +I am completely ignorant of economics. + +I want to rectify this. + +I would like to read from "the ground up" (i.e. start with the classics & then move on to the modern stuff, so I can see how economic thought & practice has actually developed). + +Apparently, John Maynard Keynes only read three writers on economics before he began teaching it: + +* Adam Smith +* John Stuart Mill +* Alfred Marshall + +I have read J.K. Galbraith's 'Almost Everyone's Guide to Economics' , and found it illuminating. + +He, basically, asserts that economics is inherently quite political. + + +Anyway, I have a rough plan to read the following books in the following order: + + +* Adam Smith -- 'Wealth of Nations' +* John Stuart Mill -- 'The Principles of Political Economy' +* David Ricardo -- 'On the Principles of Economy & Taxation' + +Am I correct in thinking that, once I've read all of those, I'll know pretty much everything there is to know (i.e. have a foundation in economics) and then be able to read more modern stuff like: + + +* J.K. Galbraith 'The Affluent Society' +* J.M. Keynes 'General Theory' +* Hayek 'The Road to Serfdom' + +If anyone has any other reading suggestions, please, let me know with a brief comment about what the book teaches etc. + +Thanks, + +\-V +When I look at [per-capita consumption](https://fred.stlouisfed.org/series/A794RX0Q048SBEA/) in the US over time, it was ~10k in 1950 and ~40k today. + +But then I see that the poverty line in the US today is ~13k. Does that mean that the majority of people living in the 1950s would be considered living in poverty by today's standards? +I remember one or two days back, Elon Musk has reached a deal to to buy Twitter for 44 billion and investors will receive $54.20 for each Twitter share they own. However, when I check the share price of Twitter today, it has fallen to $49.68. I am curious, if I were to buy Twitter's share now and hold it until the buyout, does it mean that I will receive a profit of $54.20-49.68 = $4.52 per share? It sounds too good to be true. +Unless you were hiding under a rock or vacationing in Shanghai, you know about what happened with Terra / Luna this week. + +If you don't understand what happened, here's is a [podcast](https://youtu.be/Og2vLA1XFyI) that describes what happened. + +(Essentially an "algorithmic" stablecoin blew up; causing significant downward pressure on the entire crypto ecosystem and a bunch of speculators to lose a ton of money. If you want to understand more, just visit the Terra subreddit, r/terraluna, and you'll see the carnage. I have to warn you though, some of the posts are incredibly sad.) + +For those of you who became FatFires because of crypto, this should serve as a wake-up call that it is not a question of if, but when that Tether will blow up. And when that happens your ability to stay Fat is severely at risk. + +While an algorithmic "stablecoin" behaves somewhat differently to other "stablecoins," they share one thing in common. A Peter Pan level of belief that the stablecoin will continue to be worth a dollar and will continue to do so in perpetuity. However when a crisis of confidence forms, the risk of that stablecoin imploding is extremely high; causing a crash in the crypto market. Given the size of Tether, its impact on the crypto ecosystem would be severe, to say the least. + +It is very likely that all of this is happening because of the significant leverage in crypto markets combined with interest rates rising. + +While people would argue that pegs have been saved before. Those pegs held when liquidity was at significantly high levels with the cost of debt historically low during one of the largest asset bubbles of all time. However, as liquidity is removed from the system, it'll become harder and harder to maintain pegs. At some point it has to crash. It's just gravity and math. + +(The same goes for those of you using PALs for additional leverage. Powell said this week that we'll see at least another two rate hikes of 50 basis points each. But we should expect even more given their desire to keep wages and inflation in check). + +So be careful out there. It is easy to think that you have won the game and that you're invincible because you hit the lottery on your speculations. But that can all turn in an instant; as Terra / Luna showed us this week. + +Best wishes and good luck. +"Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 21, or on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) if from your self-employment activity" + +https://www.irs.gov/publications/p525 +Hi all :) + +I wrote a short article concerning why the U.S. stock market has outperformed its European counterpart for more than a decade. Let me know what you think. + +[http://lucid-finance.com/2021/08/11/why-u-s-stock-markets-have-historically-outperformed-european-stock-markets/](http://lucid-finance.com/2021/08/11/why-u-s-stock-markets-have-historically-outperformed-european-stock-markets/) + +Note: Thanks for all the comments! I can't please everybody, but at least the article made for some interesting discussions :) +> In February, Rivian raised $700 million in a funding round led by [Amazon](https://www.cnbc.com/quotes/?symbol=AMZN), following rumors that GM would also invest. + +And + +> [Ford](https://www.cnbc.com/quotes/?symbol=F) said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. + +[https://www.cnbc.com/2019/04/24/ford-to-invest-500-million-in-electric-truck-maker-rivian.html](https://www.cnbc.com/2019/04/24/ford-to-invest-500-million-in-electric-truck-maker-rivian.html) +*EDIT: Thank you for the gold, kind stranger!* + +Disclaimer: I do not own XRP. These observations are my own and do not provide a single ounce of certainty behind XRP's price movements or decisions that may be made by Coinbase. I've tried to be sure these observations are factual but I may have missed key information.Take these observations for what they're worth: 0 XRP. + +In case you're curious, GDAX's Framework is here: +https://www.gdax.com/static/digital-asset-framework-2017-11.pdf + +**Notable quotes from the Framework, re: a possible XRP listing:** + +>**Decentralization** +>>The network is public, decentralized, and enables trustless consensus. + +**Status:** XRP is not decentralized, it is *distributed* and consensus is achieved, partly, through running a Validator server. Maybe you're thinking anyone can run a Validator. And that's true, you can. But will Ripple or the Banks be using your Validator? Well, here's what Ripple's website says as of today: + +>At present, Ripple (the company) cannot recommend any validators aside from the 5 core validators run by Ripple + +Well that doesn't sound very decentralized... Surely there's a catch? + +Yes, indeed there is, and it lies in the difference between the public XRP Ledger and RippleNet, which leads us to this next observation: + +>**Token Utility** +>>There is utility from obtaining, holding, participating, or spending the token. The team identifies a clear and compelling reason for the native digital asset to exist i.e. the main purpose is not fundraising. + +**Status:** Something that the Ripple company does not make abundantly clear on their website, but that you can find through your own research, is that the XRP token which is publicly traded on exchanges (the XRP you might own right now) is not in fact the same currency being used by all of the big bank announcements we've seen for Ripple. *That* currency is the stuff of RippleNet, and you do not have access to purchase or trade it. It's built on the same technology, sure, but as of today you can't get into that market, and while you certainly *could* sell your XRP to banks they have no reason to buy it because it is not what they use. + +Lastly: + +>**Team Ownership** +>>The ownership stake retained by the team is a minority stake. There should be a lock-up period and +reasonable vesting schedule to ensure the team is economically incentivized to improve the network +into the future. + +**Status:** The majority of XRP is not in circulation. As of this writing, there are 38.7 billion XRP in circulation, out of the total which sits slightly under 100 billion. By far, the current largest holder of XRP is the team itself, with tens of billions of XRP. But, at least they have locked the XRP up in vesting periods. + +Well, just thought those were some things worth considering. Remember, I have no idea whether Coinbase is going to list XRP. I wouldn't be surprised if they do, and I wouldn't be surprised if they don't. This is crypto, anything can happen. Good luck out there! + + +(Edited to fix words and removed some stuff that doesn't matter) + +This is part 2 + +[link to part 1](https://www.reddit.com/r/Superstonk/comments/xi02le/gamestopped_the_mechanics_of_cellar_boxing_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + +10/09/2020 Swap Failure + +[https://imgur.com/a/NRFeVzw](https://imgur.com/a/NRFeVzw) + +Almost the exact same amount of volume (within 1%) So 300+ million shares were force bought in on Thursday and another 300m on Friday. Probably reached the limits of the algorithm to handle before the price got out of control. That is just 2 days of swaps. Check out the next 10 trading days. Failed multiple rolls. Volume is a rough estimation of how many shorts they were hiding in those swaps. Almost a billion in volume from 10/8-10/23. Now some of that might be institutions buying and other buys hitting the lit exchange, but the price only goes from $2.50 to under $4. The problem for them is they are above the 200 MDA. This messes with the VAR on the swaps. They do not want the price above this when they must roll their swaps over. + +Now look what happens that following Monday (12th) and Tuesday (13). They stabilize the price and more than likely rolled swaps and rolled up some of those new short positions on either one or both days (they had to balance all that buying volume out). They must do this by the 15th, otherwise their short positions will show up on the SI report. It doesn’t look like they got them all tho and they got some FTDs because 35 trading days (MM privilege) (+5 days for Regsho) GME shows up on the Threshold security list, 12/08/20. And 35 trading days after being on the TSL, is you guessed it, the baby squeeze and the day they turned off the buy button. + +There’s a lot more to this, including the importance of 8/31 and 1/11 dates and why RC tweeted this really random anniversary tweet. It really is mind blowing! + +[https://imgur.com/a/bv89Tph](https://imgur.com/a/bv89Tph) + +To get a full understanding of his tweets and what is about to happen, it is extremely important to look back in time at the chart. These shitheads have been at this for a long time, probably since GME was listed, and once you know what to look for, you can get an idea of how fucked they are. You’ll see that every 2 years on the same dates, they will have flat candles. 8/31, 3/8-3/12, 4/4, 5/23, 5/25, 5/26, 9/11, a lot of dates in October, 12/6, 1/11, 1/27-1/30. These are only a few but are some of the big ones. These are typically their rollover dates. They got out of the squeeze by rolling it out 2 years. Which brings them to January 2023. + +Once they enter a swap, they must continue to roll them every two years, or every year around historical earning dates because this is when their major swap positions expire. They also roll around the 15th and end of month to clear FTDs but those have way lower volume than the ones around earnings. This is why they suppress the price before Earnings, and let it go after. They must keep the price below the 200 MA for rolls. + +One last thing, they are pushing next week as a big week and while the end of September does have a few rollover dates , they are not major ones. The price may spike but in my opinion this is a fake out. Look to the end of Sept and October 2020 to see when their problems really start. We really are stuck in Groundhog Day, but it’s a 2 year cycle. The events at the end of 2018 setup 2020, and I believe will setup the end of 2022. The beginning or 2021 will setup the beginning of 2023. Everything must come back around. I believe October will set us up for more liquidations, but more importantly, it will set us up for Reg sho to kick in in December. The fact the SEC has a rule coming regarding Swaps being centrally cleared, (they are not regulated now) is a big sign. There’s a lot more info regarding the correlation between cr up toe the index funds, and GME, as well as the significance of RC buying when he did and his tweets. Also the importance of the new rules requiring collateral for swaps with banks that kicked in on Sept 1st. And shout out to they guy who found the significance of the ratio of SPY/GME (I believe they have to keep it above 11.8 or they be fucked). Gonna be kind of hard with a crash any day now. Peace out +Not sure how this sub feels about linking to WSB but I just wrote a mini novella on my gains this year from $35k to $1.75M (50X) trading stocks including detailed history, theses, strategy/philosophy, and my fatFIRE goals + +Thought folks here might be interested in how a high risk/high reward year turned out and the thinking behind each move, would love to hear feedback + +https://www.reddit.com/r/wallstreetbets/comments/kjyzh7/a_sir_jack_a_lot_christmas_carol_my_magnum_dong +all the investments that would've made sense are just wildly overvalued in my perspective. +for example, even ETF's like ICLN have already doubled past 6 months. i cannot foresee much further growth in the coming year. +it feels like they price in what might have happened a year from now.. +P/E's are insane in almost every market as well +^(or maybe there's something bigger going straight over my head, and i'm being ridiculous?) +Hi All, + +As I have seen in this forum, there is very strong opinions about NPS on both sides. Most of the concerns about this product is related to the liquidity & annuity part. I am trying to understand is there any specific use cases where this product can be viable (Possibly better) than the alternatives, Or should we close the door and move on from NPS for once and all. + +Let's say Mr.X is 30 yr old & earns quite well (in 30% tax bracket) & invest 75% of In hand salary. Mr. X has over 70% liquidity in his retirement portfolio (So liquidity is not of concern to him). He is planning to work till 45 & after Coast FI till 60 when he takes full on retirement. + +He is provided with 2 options + +1. Invest 10,000 via corporate NPS contribution (Tax free) or +2. Invest 6,880 in Index mutual fund after taxes (31.2% deducted incl. Cess) + +Investment Assumptions + +Return from Equity = 10% + +Return from Debt = 7% + +&#x200B; + +&#x200B; + +|Aspects|Option 1 (NPS)|Option 2 (Index fund)| +|:-|:-|:-| +|Risk profile|60% - Equity, 40% - Debt|100% Equity| +|Expected Return|(.6 \* 10) + (.4 \* 7) = 8.8%|10%| +|Investment Contribution Tenure|15 Years (Age 45)|15 Years (Age 45)| +|Withdrawal|30 Years (Age 60)|30 Years (Age 60)| +|Contribution/Month (Rs) |10,000|6,880| +|Step Up|7%|7%| +|Final Corpus After 30 Yrs|194.15 Lakhs (116.49 Lakh Cash + 77.66 Annuity)|171.86 Lakhs| +|Final Corpus After Tax|194.15 Lakhs (116.49 Lakh Cash + 77.66 Annuity)|156.75 Lakhs| +|After removing 116.49L from both sides|77.66 Lakhs in Annuity|40.26 Lakhs Cash in Hand| + +Mr.X is aware that Annuities are not tax efficient plus they have low returns, but they do provide income flooring at old age. Currently Annuities return a little over 5%. It ~~might~~ (will) get lower in the future, so does all other fixed income instruments. + +By using 5% return, 77.66 L annuity generates 3.88L annual return. In order to earn it from the 40.26 L corpus, it needs to return 9.6% (Almost twice that of Annuity return) + +Also NPS achieved this corpus with Lower risk (beta) than the index funds, due to the 40% debt exposure. + +IS NPS justified in this case.? + +This thought was running in my mind for a while. I thought of discussing it in the forum (Since most of us here are in 30% bracket & has enough liquidity), so that i can get different perspectives & people can point out something I cannot see. + +&#x200B; + +PSA + +To All the NPS Lovers + +Intention of this post is not to say NPS is good, All of us should invest in it. This is a very Specific case & assumption has been made that Mr.X has other investments, through which he has sufficient liquidity. + +To All NPS Deniers + +I would like to understand what is keeping you from NPS, other than liquidity & annuity clause. In the provided example, I took some assumptions in favor of NPS (Person has good liquidity & in 30% bracket). But is there due to some other reason you are averse to this product? + +&#x200B; + +Looking to have a fruitful discussion :) + Apparently there's been 300% increase in Aussies with gambling addiction over the past year, and my friend also just sent me this [RMIT research](https://rmit.edu.au/news/acumen/pleasure-and-pain-of-gambling-in-covid-19-australia). I'm guessing this must be mostly gambling apps like SportsBet and TAB, since casinos have been closed with covid. + +Curious to hear what everyone thinks - are betting apps the new pokies? + +Has anyone here found themselves on betting apps more than usual during lockdown? I feel like Olympics probably had an impact too! +When I first got into RE, everyone I knew had advice for me. Some people meant well, some people didn't, and some were simply jealous and were trying to keep me down (every investor has these exact same stories). But NO ONE owned any RE whatsoever and NO ONE had any fucking clue what they were talking about !!!! The worst part is, when you're starting out, it's very difficult to decipher information of value from something toxic ..... especially when the toxic information is mixed with facts that are actually true. + + +That brings me to why I'm writing this post. A few days ago a post came up where the OP was trying to vet a deal in Albany, GA. The deal was total shit and nearly everyone told him so. A few of the responses were well thought out, listed a couple of correct points, and then nicely summed up their reasoning but many more of the posts were dishing out some truly shitty advice. The worst part was, much of the shitty advice included some basic facts about the city that was accurate but then they included some truly stupid advice on why they would never invest in that city. Just like the advice I had gotten my first month of business, almost all of the advice on that thread, was fucking TOXIC !!! + +I can't stand the thought of how many new investors were swayed in the wrong direction by the bad advice that was dished out by the morons on that thread. The worst part is is it was coming from non investors (at least in my book) and they probably have never done more than drive through the town, once. But it didn't stop them from running their mouths and giving advice that they had no business giving. + +If you have the time, please read through it. https://old.reddit.com/r/realestateinvesting/comments/pew9hr/my_offer_on_my_first_multifamily_got_accepted/?ref=share&ref_source=link. + +Now imagine you're me. Imagine you know this town inside and out. Imagine over the last few years you invested heavily in that town and have made a substantial profit well into 8 figures. Now reread that thread and try not to be pissed off by how truly awful the advice is on that thread. + +YOU CAN MAKE MONEY IN ALMOST ANY CITY IN THIS COUNTRY and anyone who tries to tell you otherwise is a fool. + +I personally know of maybe 15-20 guys on r/realestateinvesting that are true geniuses and know their shit. This includes all the mods, complexflipper, seattle diarrhei dad, and a few others I cant think of right now. So to you newer investors, you can pretty much bank on any info coming from anyone of these guys ..... for anyone else, I would vet the shit out of anything they are spewing because it may be good info or it may be costing you millions of dollars because it is bad, toxic advice. +Transactions worth Rs 21,000 crore over four years (2015-2019) done mainly to siphon off funds; falsifying records; a Rs 1,100-crore loan from a “brother to a brother” that violated basic fiduciary norms; sales worth Rs 9,000 crore to over 160 customers who are bogus or do not exist, inflated bank balances and a string of defaults — these are among a slew of alleged irregularities highlighted in the forensic audit of bankrupt travel firm Cox and Kings, The Indian Express has learnt. + +Records of the audit, done in February 2020 by PricewaterhouseCoopers (PWC) at the behest of lender Yes Bank, and official records accessed by The Indian Express detail how the company allegedly fudged records and window-dressed its figures. + + +The travel and tour company owes Rs 5,500 crore to banks and financial institutions and was one of the top borrowers of Yes Bank Ltd when co-founder Rana Kapoor was heading it. + +Yes Bank has an exposure of more than Rs 2,267 crore to Cox & Kings Group. Last month, Ajay Ajit Peter Kerkar was summoned for questioning by the Enforcement Directorate (ED) in connection with the money laundering case against Kapoor. + +Kapoor, currently lodged in jail, is accused of taking kickbacks in lieu of granting loans to several companies that have now defaulted on repayments. + + + +https://indianexpress.com/article/business/companies/cox-and-kings-audit-uncovers-siphoning-of-crores-fudging-of-records-and-bogus-sales-6376665/ +I'm really just so pissed off and sad. I feel like I actually only got a raise because they knew my hours were getting cut, and they didn't want to make me feel bad. I can't believe this. And I was getting commission, but since I'm not full-time "for the time being" I don't receive commission. Overall my monthly income is now $1,000.00 less... I'm just venting and I do realize it could be worse. Still, this sucks. I'm 24. I have hospital bills (\~$80/mo), credit card bills (\~$215/mo), other fucking bills, (\~$300/mo). I was saving up to move out of my parents' buuuuuuut that's not happening now I guess. + +My employers have told me not to get a second PT job at the moment because "it's only temporary" and "it could only be a month or two" Well what the fuck does that mean? No one tells me anything at this company. This is fucking bonkers. I feel like sticking my head in a microwave. +**Introduction** + +*Welcome to Theoretical Microeconomics for Apes.* + +This post will discuss the interactions of fundamental microeconomic principles of supply, demand, price, and quantity during the MOASS, pose a theoretical example based on a hypothetical Short Interest, and discuss the possible impact of an Infinity Pool depending on its size. One of many reasons that GME will be studied for centuries is because it will stretch fundamentals of supply and demand to their theoretical limits. There are a handful of terms used repetitively throughout this post, so put your wrinkle-caps on and do some word learnin'. Fortunately, there is no quiz or attendance record. + +* **Section 1: Microeconomic Principles** + +* **Section 2: Microeconomic Principles Applied to the MOASS** + +* **Section 3: Key Takeaways** + +*Disclaimer: I am by no means an expert, nor am I giving advice. My goal here is to understand and discuss theoretical microeconomic principles in relation to the MOASS due to my interest in the underlying mechanics of supply and demand at play. Please refute any incorrect assumptions in the comments and I will amend the post as necessary.* + +**ta;dr: GME is a fascinating experiment of Supply and Demand. Diamond-handed Ape names price for banana** + +***************************************************** + +**SECTION 1: MICROECONOMIC PRINCIPLES** + +I will provide a brief overview of each concept, with links. It is worthwhile to read the entirety of each article if you are interested in the topic(s). + +If you are already familiar with these principles, you can skip to the next section. + +***************************************************** + +**1.1 Theory of Price** - [Link to Article](https://www.investopedia.com/terms/t/theory-of-price.asp#:~:text=Understanding%20the%20Theory%20of%20Price,a%20given%20good%20or%20service.&text=The%20concept%20of%20price%20theory,adjustments%20as%20market%20conditions%20change.) + +> The theory of price—also referred to as "price theory"—is a microeconomic principle that uses the concept of supply and demand to determine the appropriate price point for a given good or service [or in the case of GME, a security]. + +> The goal is to achieve the equilibrium where the quantity of the goods or services provided matches the demand of the corresponding market and its ability to acquire the good or service. The concept of price theory allows for price adjustments as market conditions change. + +Ape Speak: In general, price will go up when demand exceeds supply. When supply = demand, price stay same. When supply exceeds demand, price go down. + +***************************************************** + +**1.2 The Laws of Supply and Demand** + +*Law of Supply* - [Link to Article](https://www.investopedia.com/terms/l/lawofsupply.asp) + +> The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa. The law of supply says that as the price of an item goes up, suppliers will attempt to maximize their profits by increasing the quantity offered for sale. + +> SUPPLY CURVE: Supply in a market can be depicted as an upward sloping supply curve *that shows how the quantity supplied will respond to various prices over a period of time.* + +Ape Speak: higher prices gradually convince more Apes to sell over time. + +*Law of Demand* - [Link to Article](https://www.investopedia.com/terms/l/lawofdemand.asp) + +> The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. + +> DEMAND CURVE: A market demand curve expresses the sum of quantity demanded at each price across all consumers in the market. + +> Changes in price can be reflected in movement along a demand curve, but do not by themselves increase or decrease demand. + +Ape Speak: [Typically, higher prices make people buy fewer of something.](https://imgur.com/a/WlR7tGv) + +***************************************************** + +**1.3 Supply and Demand Curves** - [Link to Article](https://open.lib.umn.edu/principleseconomics/chapter/3-3-demand-supply-and-equilibrium/) + +[Pic#1: Example Supply and Demand Curves plotted together.](https://imgur.com/a/xVsyDnh) + +> The demand curve shows the quantities of a particular good or service that buyers will be willing and able to purchase at each price during a specified period. The supply curve shows the quantities that sellers will offer for sale at each price during that same period. By putting the two curves together, we should be able to find a price at which the quantity buyers are willing and able to purchase equals the quantity sellers will offer for sale. + +Any individual point along the Supply or Demand Curve identifies the quantity that will be supplied or demanded at a particular price (i.e., *Quantity Supplied & Quantity Demanded*). When supply exceeds demand, there is a *surplus*. When demand exceeds supply, there is a *shortage*. + +Ape Speak: Typically, demand and supply move in opposite directions in relation to price. When you put the two lines on a graph, they intersect at a specific price and quantity - these graphs are useful for analyzing prices. + +***************************************************** + +**1.4 Equilibrium** - [Link to Article](https://www.investopedia.com/terms/e/equilibrium.asp#:~:text=The%20equilibrium%20price%20is%20where,in%20a%20state%20of%20equilibrium.) + +Equilibrium (artificial or otherwise) is something GME users have come to know intimately over the last month. During the MOASS, the price of GME will begin moving wildly towards a new market equilibrium (extreme rising and dipping), after which prices will stabilize and return to earth. + +> Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable. Generally, an over-supply of goods or services causes prices to go down, which results in higher demand—while an under-supply or shortage causes prices to go up resulting in less demand. The balancing effect of supply and demand results in a state of equilibrium. + +Because Equilibrium is a singular point on a standard graph where two curves intersect, it produces an Equilibrium Price (the Y axis), and an Equilibrium Quantity (the X axis). + +> A market in equilibrium demonstrates three characteristics: the behavior of agents is consistent, there are no incentives for agents to change behavior, and a dynamic process governs equilibrium outcome. + +*This is where Apes combined with astronomical Short Interest throw a wrench into the market machinery and stretch the mechanics of supply and demand to the limit.* + +Ape Speak: Equilibrium is reached when quantity supplied = quantity demanded. Equilibrium produces a measurable *Equilibrium Price* and *Equilibrium Quantity*. Equilibrium = market harmony. + +***************************************************** + +**1.5 Price Elasticity of Supply and Price Elasticity of Demand** + +[Elasticity vs. Inelasticity](https://www.investopedia.com/ask/answers/012915/what-difference-between-inelasticity-and-elasticity-demand.asp) - [Perfect Elasticity and Zero Elasticity](https://opentextbc.ca/principlesofeconomics/chapter/5-2-polar-cases-of-elasticity-and-constant-elasticity/) - [Inelastic Supply Explained](https://www.economicshelp.org/concepts/inelastic-supply/) + +*Elasticity:* In this context, elasticity is another way of saying "rate of change" of a curve. Both Supply and Demand Curves have their own elasticity, [which determines exactly how steep the curve is on the graph](https://imgur.com/a/xVsyDnh). See Pic#1. Determining the elasticity of each curve is helpful for understanding where the curves might intersect to create market equilibrium price and quantity. + +Elasticity, expressed mathematically, is: E = (% Change in Quantity (Supplied or Demanded) / % Change in Price). It expresses the relationship of how many units become available from sellers or are demanded by buyers in response to changes in price. In theory, Demand and Supply Curves can reach extremes of elasticity - either perfect elasticity, or zero elasticity. It is important to note that elasticity is subject to market conditions, and changes over time - this means that Supply and Demand Curves can have different slopes at different quantities/prices. (Hint: supply being held by a diamond-handed Ape is a market condition that impacts elasticity of supply!) + +* Perfect elasticity means that your Supply or Demand Curve is completely flat, and that Quantity Supplied or Demanded changes by an infinite amount in response to any change in price. (We don't really care about this in the context of GME, except to the extent that it helps us understand the flip-side, zero elasticity). + +* Zero elasticity (E = 0), which is what we care about in our GME example, refers to extreme cases where a % change in price, no matter how large, results in zero change in Quantity Supplied or Demanded. When elasticity is zero, supply and demand are irresponsive to any change in price, no matter how large. + +Ape Speak: Elasticity determines the slope of the Supply and Demand Curves. Low *Elasticity of Supply* means that a big change in price has a small impact on the quantity of shares supplied to the market. Low/zero *Elasticity of Demand* means that a big change in price does not impact demand (in this case, the requirement to close a fixed quantity of short positions). + +***************************************************** + +**SECTION 2: MICROECONOMIC PRINCIPLES APPLIED TO THE MOASS** + +*Disclaimer: This is the point of the post at which my understanding of the material presented above collides with my understanding of the last few months of DD. In other words, the proceeding sections could be most accurately classified as an opinion or educated guess.* + +[We're gonna hypothetical them hedgies' clavicles!](https://imgur.com/a/09lARpM) + +Here, I will apply the above-reference microeconomic principles to a MOASS that uses hypothetical numbers. Short Interest is critical here because it represents the number of shares at which the QUANTITY DEMANDED WILL BE FIXED. (Note: this is not a discussion about the possible short interest. I personally believe that the real SI is much higher than in the example I am about to pose.) + +[Pic#2: Money Glitch Activated: A Hypothetical GME MOASS Supply & Demand Curve](https://imgur.com/a/xVsyDnh) + +**Important Numbers for this example:** + +* Short Interest: ~400% (280m shares) + +* Float: 25m (for ease of calculation) + +* Float repurchases to cover shorted shares: 11.2 float repurchases (the last ~25m shares - the final whole float repurchase - is important later on) + +***************************************************** + +**2.1. GME Demand Curve and Price Elasticity of Demand - Fixed Demand Enables Infinite Losses** + +*GME Demand Curve* + +* When shorts must cover and close their positions, they will require a fixed quantity of shares to do so. + +* This fixed *Quantity Demanded* means that shorts must cover at any price until the *Quantity Supplied* reaches the *Quantity Demanded*. + +*GME Price Elasticity of Demand* + +* Because *Quantity Demanded* is fixed, *Price Elasticity of Demand* is ZERO - the *Demand Curve* is VERTICAL. + +* *Quantity Demanded* will not change NO MATTER THE CHANGE IN PRICE. + +***************************************************** + +**2.2. GME Supply Curve and Price Elasticity of Supply - The Ceiling is Your Imagination** + +*GME Supply Curve* + +* The GME *Supply Curve* is the single most important factor for determining the "price ceiling" of the MOASS. + +* Because the *Demand Curve* is a vertical line, *Equilibrium Price* is determined by whatever point the *Supply Curve* intersects the *Demand Curve* (in other terms, when *Quantity Supplied* equals *Quantity Demanded*). + +* The steeper the slope of the *Supply Curve*, the higher the "price ceiling" of the MOASS + +*GME Price Elasticity of Supply (PES)* + +* In practice, GME *PES* (the slope of the *Supply Curve*) will change over time and according to market conditions. + +* Paperhands lead to higher *PES* and flatter *Supply Curves*, whereas Diamond hands lead to near-zero *PES* and more vertical *Supply Curves* (Remember when I said that having diamond hands is a market condition?) + +* When PES is high, more shares will trade between trading halts. When *PES* is low, fewer shares will be exchanged between trading halts. (Theoretically, as little as a single share could be traded between trading halts). + +* At the beginning of the MOASS, *PES* will be higher as paperhands are tempted to sell in the 3-6 figure range. (Smaller changes in price will cause higher quantities to become available) + +* The real squeeze begins when Diamond hands begin setting/lowering the *PES*, enabling share prices to exceed 7 figures. (Larger changes in price cause very low quantities to become available) + +***************************************************** + +**2.3. GME Theory of Price and Equilibrium - Ape Names Price** + +Bringing it back to this graphic: [Pic#2: Hypothetical GME MOASS Supply & Demand Curve](https://imgur.com/a/xVsyDnh), you can see that a hypothetical *Equilibrium Price* has been established. + +*Disclaimer: This example does not account for the fact that some amount of the final ~25m shares (the final float once rehypothecated shares are gone) will be re-circulated and change the Price Elasticity of Supply as the Supply Curve approaches the Demand Curve. In other words, the Supply Curve could begin to flatten once Quantity Supplied is one whole float away from Quantity Demanded.* + +* In this example, a price somewhere between $10m-$100m is sufficient to convince Diamond-Handed Apes to provide enough supply of shares to meet the demand created by Marge's call and create the required liquidity to close all of the outstanding short positions. + +* When the short positions are closed, *Equilibrium* has been achieved, *Quantity Supplied* equals *Quantity Demanded*, and the price begins to stabilize (crash). This does not imply that the peak occurs exactly at the moment that the last short position is closed. I believe that the peak will occur sometime shortly after the first of the real shares enter the market, and liquidity begins to normalize. + +***************************************************** + +**2.4. GME MOASS, Infinity Pool Edition - The Forever Shorts** + +*But what happens if the Quantity Supplied never reaches the Quantity Demanded?* + +It would look something like this: [Pic#3: GME MOASS Supply & Demand Curve: INFINITY POOL EDITION](https://imgur.com/a/xVsyDnh) + +* An Infinity Pool of any size will reduce *Price Elasticity of Supply*, thus maintaining a more vertical *Supply Curve* even as real shares enter the market for re-circulation. + +* If there is an Infinity Pool that equals or exceeds one whole float (~25m shares +1 share), then the *Price Elasticity of Supply* becomes ZERO, the *Supply Curve* becomes COMPLETELY VERTICAL and never intersects the *Demand Curve*, and Apes can truly name whatever price their broker allows them to enter at the time. There is an absolute *Shortage* of shares. + + +***************************************************** + +**SECTION 3: KEY TAKEAWAYS** + +*I believe these key takeaways are reasonable given the information already known and presented here, but these are best classified as opinions/ educated guesses*: + +* **Current State of Relative Equilibrium:** Currently, so long as shorts create artificial equilibrium by meeting demand with artificial supply, the market will remain in a state of pseudo-equilibrium. When the downward price pressure of artificial supply inverts itself into upward price pressure from buying to cover, a wormhole opens. (This is nothing new, but I have yet to hear it expressed in these terms) + +* **Real-time Supply & Demand Curve:** Monitoring activity on the bid/ask spread and volume between trading halts during the MOASS will provide insight into the current state of *Price Elasticity of Supply*. At times, the bid/ask spread will be as wide as brokerage maximum-price limits allow. + +* **When is the Infinity Squeeze phase of the MOASS truly getting started?** When the *Price Elasticity of Supply* is stupidly low and getting lower. Assuming that Diamond Handed Apes own the float, the real squeeze hasn't started until GME is trading over 7-8 digits. Apes will be some of the last sellers to get in line, so any price action prior to Apes getting in line to name their price is only a buildup to the Infinity Squeeze. + +* **Utility of Volume During MOASS as a Predictor of a Potential Peak:** In all likelihood, total volume is not a reliable indicator of a squeeze peak. You would have to possess a relatively accurate idea of the true size of the short position (a.k.a. *Quantity Demanded*), know that there is no additional volume being created by new short positions that open during the MOASS, and know the impact of real shares beginning to re-circulate. + +* **Infinity Pool Can Create a True Infinity Squeeze:** Suppose that Apes own the float two-times over. If each Ape placed half of their shares into the Infinity Pool, then the final ~25m shares will be inaccessible by the market, and the short positions can't be closed until other sources of liquidity become available. In that scenario, Apes can name their price for the half of their shares that do not go into the Infinity Pool. I cannot personally fathom what would happen to the price if the entire current float could not re-enter circulation - perhaps institutional sellers would provide liquidity to stabilize the price later-on, but I do not know the details of how or how long it would take. + +* **Dips on the way up:** No matter how far the price crashes down on the way up, I will not be convinced that the squeeze has started until the price is rocketing past $100k-$1m and very few shares are exchanging hands between the trading halts. IMO, any dip between $1m-$10m cannot be the true peak, because by that point it is clear that Apes are diamond handing enough shares to allow Apes to name their own price if they continue to hold. + +* **Closing the Last Short Position vs. Timing of the Peak**: When the short positions are closed, *Equilibrium* has been momentarily achieved, *Quantity Supplied* equals *Quantity Demanded*, and the price begins to move towards a new *Equilibrium* with different market conditions. This does not imply that the peak or crash occurs exactly at the moment that the last short position is closed. I believe that the peak will occur sometime shortly after the first of the real shares enter the market, but IDK though. + +* **USE LIMIT ORDERS:** How can an Ape name their price if they let the market name the price for them? + +***************************************************** + +**As many have said, if everyone waits until backside of the MOASS to sell, there will be no backside.** + +My personal opinion on the matter, which is obviously not financial advice, is that holding all but 1 share would be the optimal way to assure an Infinity Pool is achieved! + +***************************************************** + +**ta;dr: GME is a fascinating experiment of Supply and Demand. Diamond-handed Ape names price for banana** + +[Pic #1: Ordinary Supply and Demand Curves](https://imgur.com/a/xVsyDnh) + +[Pic #2: Money Glitch Activated: A Hypothetical GME MOASS Supply & Demand Curve](https://imgur.com/a/xVsyDnh) + +[Pic #3: GME MOASS Supply & Demand Curve: INFINITY POOL EDITION](https://imgur.com/a/xVsyDnh) + +****************************************************** +This is a repost of my content from a month ago. [Further reading on Infinity Pool concept by /u/bluprince can be found here.] (https://www.reddit.com/r/Superstonk/comments/mpvx9n/the_infinity_pool_naming_a_theoretical_posit_for). This is a case of two people independently arriving at the same conclusion using different methodologies, which ought to jack your tits that much more. +Nice example of a contrarian research note from David Rosenberg [here](https://site.rosenbergresearch.com/wp-content/uploads/2021/03/Free-Special-Report_Fade_the_Front_Cover_2021_03_08_Marketing_Upgrade.pdf?utm_source=Special%20Free%20Report&utm_medium=Email&utm_campaign=2021_03_08_Fade%20the%20Front%20Cover&utm_term=Email%20link&utm_content=Upgrade). + +**Excerpt:** The economy did collapse back then, but the government did not blow its brains out on fiscal largesse. So, we went into the 1920s with tremendous pent-up demand once the crisis ended, and balance sheets were in far greater shape. Government debt-to-GDP was 10 per cent — not over 100%. And that better public sector balance sheet allowed the federal government to CUT taxes by the mid-1920s — top marginal rates for corporations were initially raised from 10 per cent in 1920 to 13.5 per cent by 1926 but cut to 11 per cent by the end of the decade; for individuals, the rate went from 58 per cent after the war to 24 per cent by 1929. Does anyone think taxes are going to be coming down in the US any time soon? + +**Tl;dr:** There are major differences between the end of this pandemic and the end of the Spanish flu, notably business productivity, capital allocation, tax rates, starting valuations of the stock market, demographics and especially government debt levels. We are unlikely to see a repeat of the roaring 20s this decade. + +**Additional lesson:** When multiple mainstream business publications are pushing the same narrative on their covers it often pays to go the other way. +I came across a mint article explaining Coverd bonds today. From the article they seemed like a good investment Avenue as they are giving higher interest rates currently and are backed by a trust which gives priority to buyers ,plus it mentioned something called as credit enhancement where covered bonds have higher credit rating than the issuer. + +Just wanted to understand if someone has looked into these in this sub, and if they are a good Avenue to explore given the current low rates scenario. Thanks +I don’t do a lot of trading, but when I do, I really suck at it. This is why I don’t really place a lot of money on it since I know I might end up losing a lot. But with the little amount I use to trade, I thought I could find something that might help me. + +I thought of using trading bots, and came across several like [Tradesanta](https://tradesanta.com/en), [3commas](https://3commas.io/), [Stoic](https://stoic.ai/?r=1), and [Cryptohopper](https://www.cryptohopper.com/). I’m looking through reddit for some reviews for each app, but I want to know what you guys think. + +I have never used trading bots before, so I just wanted to know if anyone out there heard of it or has experience using any of these. I want to know your experience on using it or any other similar trading bots. +To the pros/more experienced traders out there - I’m curious what the most effective ways to spend your time are when the markets are closed, to become a better trader and improve your trading skills/systems. + +I understand that in a general sense ‘backtesting’ is probably the most common answer, but beyond that, what specific tests or things do you do that help increase your trading the most - particularly for traders that are new and/or not yet consistently profitable. + +Here are a few specific examples that I can think of as potential ways to spend your time, aside from a general ‘backtesting’ answer: + +* Browse forex forums for trading system ideas +* Backtest entry and exit systems on historical price data +* Read books about trading mindset & psychology +* Run monte carlo simulation on various money management algorithms +* Seek out trading mentorship/groups and review your trading progress +* Study historical price charts / price action +* Look for trades for the upcoming trading session(s) +* Learn about economics and find out what global economy/central banks are doing + +Another way to put it - what does it mean to ‘put in the work’ to become an expert trader? What are the most important elements in your experience? +Hello everyone, I'm trying to build an algo and I need to define if the PA is trending (UP/DOWN) or neutral. Can anyone suggest a programmable way to test if weather a market is trending or not? I was thinking of MA's but how would I test for a neutral market? + +Thanks +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +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! + +Summarizing what Warren Buffett wrote in the 1970s annual reports about inflation rings true today. Warren Buffett stated that equities on average earn 12 percent for shareholders. Part of it is distributed in dividend and other part is invested into the companies. Most companies earnings amount will increase to inflation but their debt taken on to produce the same about of operating margin will increase. This is why Warren Buffett looked at companies that had pricing power that required minimum capital. This is why I ask the community with your research which companies have moats plus require minimum capital requirements. +What makes me especially bullish is that Gamestop is not the normal type of company that he would look at. Which could mean his son Brett Icahn could have been the one to put the idea in front of Carl and Brett is credited to be even sharper than his father by Carl himself. Nonetheless Carl is a master of the universe investor and would not have taken that picture unless he was getting himself involved and he makes no mistakes! + +Nothing has been more the killshot than that picture, these are the last moments. + +Edit: I have always been a quiet ape here so I appreciate that this post has gotten so much feedback. Thank you all, stay zen, and keep those tits jacked to the max till the bell rings +Why isn't everyone everywhere jumping on the zim ship?? 48 percent dividend ??? So after Israelis taxes you make around 4 dollars a share 4 times a year .. on a 46 dollar stock .. why isn't this the talk of the reddit +A company that is built on porn is totally changing its own business model because banks and payment processors are forcing them to. If crypto was just a little more mainstream this would not be able to happen. We are still so goddamn early. Change is coming. +Banano($ban) is going to the moon + +1) buy [https://nano.trade](https://nano.trade), Mercator, or vitex +2) it’s like doge but less hairy and more potassium +3) It has a finite supply of 2 billion + coin burns +4) huge dancing banana 🍌 meme potential +5) You get in on the ground floor, we’re just starting to take off. +6) it’s a fork of nano. Nano confirmed more transactions in 1 day than bitcoin, litecoin, and ethereum combined and did not go down. +7) banano potassium good for ape brain. +8) bananos are green, there is no mining involved. +9) doge is inflationary. Banano is deflationary. It’s clearly the better meme coin. +10 ) since transactions are free, it’s the perfect currency to train young monkeys on crypto(if you have kids) +11) we just passed 1 cent and are up ~157% over the past week. +12) Did I mention it’s fast? Under 1/3 second per transaction. + +TLDR; feeless transfers, finite supply, and coin burns! + +[https://banano.how](https://banano.how) + +Edit: we’re quickly selling out of bananos, smaller exchanges may be needed until nano.trade refills. +The blatant in your face manipulation going on with GME is some next level shit. This isn’t trying to hide FTDs via deep ITM call options. This isn’t setting up sell walls or purchasing massive conversions to exercise when the price starts getting out of hand. + +This is straight up in your face, fuck you we’ll do what we want, manipulation. + +Dark pools are private exchanges for large market participants to trade large blocks of securities between each other to not move the market one way or the other. Which one can argue has its benefits but the transparency is just not there since it’s a private exchange. + +We are seeing massive amounts of buy orders being funneled to private exchanges (dark pools) to suppress the price. This isn’t something that required brain power or diving into anything to discover. It’s literally there in broad daylight. + +This is huge, it’s not a conspiracy, it’s BLATANT market manipulation. There is NO justification for it other than trying to control the price. This information needs to be everywhere, I’m shocked they’re doing this in the eye of the public with how much attention this whole saga has received. If there’s one thing to take away from this is that they’re so desperate that none of their previous tactics were working, they cut the foreplay and any illusion of subtlety to straight up commit fraud out in the open. + +One important take away; this is literally all the proof anyone would ever need that shorts never covered in case you had any doubt. If they had, why would anyone care enough about the stock price of GME to pull a shady tactic like this? +Shorts didn’t cover 100% confirmed. +I'm very confused right now. There's a lot of rabble about the 'soon to crash economy' and an impending recession, but I haven't seen it. In fact, all of the indicators I'm seeing on the ground seem to be saying that the economy is going up, not down.  + +Here's what I've personally experienced in the last month: + +* I tried to order cabinets for a kitchen remodel. Every single shop or distributor I call is booked out 6 months, working at full capacity. Pre-pandemic, you could get cabinets in 6-8 weeks +* I called a few woodworkers in my area to help with some molding work, they are all turning down work. Way too over subscribed as they said. +* I'm booking trips for work. Ticket prices are at all time highs. Business class cabins either totally sold out or only have a few seats left.  +* Hotel prices still at all time highs  +* Car dealerships are still asking for "market adjustments" for run of the mill cars (not the rare special ones). That NEVER happened pre-pandemic  + +I was in my 20s and a working professional in 2008-2010. I remember people basically begging for work and not just laid off mortgage brokers, plumbers, electricians, etc were all desperate for work. Car dealerships were dropping their pants on car prices. Hotel and airfare at rock bottom prices (in 2010 I stayed at the nicest resort in Bora Bora for $450 a night. Now that goes for over $2k/nt).  + +People are still out there spending like drunken sailors and there seems to be no end. For all the people that say another 2008 is around the corner, this looks NOTHING like 2008.  + +What the f*** is going on? +TL;DR - I'm 32, married, net worth of \~$17.5m ([proof to show I'm not a troll](https://imgur.com/a/z06ZhWa)), thinking I might want to retire now and not sure what I should do next. + +A bit about myself. I grew up super poor (like, couldn't afford heat/food and went to bed freezing/hungry fairly often. Both parents were homeless for some periods of their lives). Because of this, I've managed to live quite a bit below my means when I got money and didn't increase my spending proportional to my income increasing. + +Over the last 10 years, I've been fortunate enough to work my way up quite quickly and most recently luck out with a high growth startup that became a large, profitable, publicly traded company. I currently have a VP level position at this company. I've always been a workaholic (averaging 70-90hr weeks) and thrive on being busy. + +I'm going to spare the details but lets say over the last few months, I had some eye opening experiences that made me realize I don't want to grind like this anymore. I've worked the equivalent of 30 years over the last 10 and I think it's time for a break. That's when my friend suggested FIRE. + +As it stands now, I really have no idea where to begin now that I have enough money. My wife and I spend about $200k/year now but I'd expect that to increase a bit given that we want to travel more, take some classes, and do other things with our free time. How should I invest this money? Should I move to a different state for tax reasons? My financial advisor suggested I hire a wealth manager, but what does that entail? + +I know that once I make the decision, it will take about 6 months to leave my current position at the company. But man, I'm excited to start the rest of my life. I just don't know where to begin. +&#x200B; + +Hello, my fellow investors, i spend several hours writing this post in order to gather all information and sources together, but i think is worth it, and i will do it with the last post that [DFV](https://www.reddit.com/user/DeepFuckingValue/) leave in [twitter](https://twitter.com/TheRoaringKitty/status/1359536195689197570/photo/1). + +&#x200B; + +https://preview.redd.it/rgbra6uq7nh61.jpg?width=640&format=pjpg&auto=webp&s=c0d9e79688c15ed9b2d27b23f31fea47d71884aa + +First thought you might have think after seeing this image is because he was being [investigated by corrupt authorities](https://www.businessinsider.com/gamestop-reddit-trader-keith-gill-roaring-kitty-investigation-regulators-advisor-2021-2) for the GameStop case that in fact true, but there is something more.. + +&#x200B; + +This is the original thumbnail of a youtube video called [You Can Get More than 5 Stars in GTA 5! (Sixth Star)](https://www.youtube.com/watch?v=VleqVNMTj04&t=569s) + +&#x200B; + +https://preview.redd.it/em7lks3j8nh61.jpg?width=640&format=pjpg&auto=webp&s=19c26afd88241ba7e8e05d6ef43422e24ad7ba65 + +First is you can clearly see the car standing while there’s a lot of army forces is in front of him, which you can understand this as ***HOLD THE LINE.*** + +&#x200B; + +https://preview.redd.it/z20l9wyo8nh61.png?width=1366&format=png&auto=webp&s=60b186bcbe82f6781e376ea7cdf769e70a35e114 + +In the minute, **9:28** of the video (Almost the time where the NYSE Open), you can read a billboard "*Invest in the red, it's in your interest*", clear message that we're all referring as **buy the dip**. + +&#x200B; + +In Game, the billboard refers to buying [Maze Bank](https://gta.fandom.com/wiki/Maze_Bank) stocks, which you can do in game. + +&#x200B; + +Digging even further if you use [Abstract Logic](https://www.youtube.com/watch?app=desktop&v=b4xQEXDBATw) you can realize that the logo of the maze bank is related to the logo of [Enron](https://en.wikipedia.org/wiki/Enron) which also is in the lore of the game too. + +https://preview.redd.it/y37fw77o8nh61.png?width=1280&format=png&auto=webp&s=6349f93f42fc23cb7e7be739346086157d346217 + +The **Enron scandal** was an [accounting scandal](https://en.wikipedia.org/wiki/Accounting_scandal) involving [Enron Corporation](https://en.wikipedia.org/wiki/Enron), an American energy company based in [Houston](https://en.wikipedia.org/wiki/Houston,_Texas), [Texas](https://en.wikipedia.org/wiki/Texas). Upon being publicized in October 2001, the company declared [bankruptcy](https://en.wikipedia.org/wiki/Bankruptcy) and its accounting firm, [Arthur Andersen](https://en.wikipedia.org/wiki/Arthur_Andersen) – then one of the [five largest](https://en.wikipedia.org/wiki/Big_Four_auditors) [audit](https://en.wikipedia.org/wiki/Audit) and accountancy partnerships in the world – was effectively dissolved. In addition to being the largest bankruptcy reorganization in U.S. history at that time, Enron was cited as the biggest audit failure. + +&#x200B; + +**Resume:** [DFV](https://www.youtube.com/c/RoaringKitty) [twitter](https://twitter.com/TheRoaringKitty/status/1359536195689197570/photo/1) post say, buy in the red and hold, this might be one of the biggest frauds in history, cause we know there's high probability that the SEC ([stocks pushed by HF bots](https://www.barrons.com/articles/the-sec-finally-says-enough-to-one-social-media-fueled-trade-51613135287) later promoted on WSB to make us lose $ and tell we're “manipulating” those stocks) and some brokers might involved in this. + +When brokers as Robinhood and others shut down trades in the retail side, the price drop from 450+ to $50 (where is right now), **with no volume.** + +&#x200B; + +https://preview.redd.it/t056wc819nh61.png?width=606&format=png&auto=webp&s=8e5f3cbd51ac523ac46a0e08dc5223d497992495 + +Not only that, the volume has been dropping over the week that means all our diamond hands are holding. + +Which mean they’re doubling the bet manipulating the market to scare retail investors ( well...paper hands) to sell, that's something they always do to profit from shorting and bring those business down, and, in the process, some even go bankrupt, but isn’t working for them this time, cause we’re not selling, we know what they are doing. + +Let’s remember all their market manipulation strategies: [short laddering](https://marketrealist.com/p/short-ladder-attacks-explained/), [naked shorting](https://en.wikipedia.org/wiki/Naked_short_selling), [long calls](https://www.theoptionsguide.com/long-call.aspx) so synthetic cover, [media manipulation](https://www.cnbc.com/2021/02/01/silver-is-the-new-target-for-reddit-traders-three-experts-weigh-in.html), [front-running](https://www.investopedia.com/terms/f/frontrunning.asp), [shut down](https://www.fool.com/the-ascent/buying-stocks/articles/robinhood-was-flooded-with-negative-reviews-and-google-deleted-them/) ONLY retail side, [pay bots and paper hands](https://www.reddit.com/r/GME/comments/lj3fqd/we_are_looking_to_pay_people_to_post_negative/) to spy and [insult us](https://www.reddit.com/r/Wallstreetbetsnew/comments/lisjk1/amc_i_think_we_might_be_doing_something_right/) and send negative sentiment all this is [market manipulation](https://www.investor.gov/introduction-investing/investing-basics/glossary/market-manipulation), **all this is illegal**, where is the SEC there ? (*insert blind Patrick meme*) + +[ ](https://preview.redd.it/9chzgtyl9nh61.png?width=606&format=png&auto=webp&s=4fc123955ad4f770c8d3a27168ecd7916a898216) + +https://preview.redd.it/85sgi5lf6sh61.png?width=640&format=png&auto=webp&s=4aa0aa50515a70e3f44025cd5fb62ac70a7980bc + +[That username is often seen used in most of the new accounts sended to treat us like that](https://preview.redd.it/3oo9sxto9nh61.jpg?width=960&format=pjpg&auto=webp&s=13ddfdb023f897814067b53706a428039d43b493) + +The [SEC instead investigate](https://finance.yahoo.com/news/sec-hunts-fraud-social-media-192424385.html) WSB forum for [market manipulation](https://www.youtube.com/watch?v=jIfixbq_u0Q&t=14s) when they clearly know who is really manipulating the market, they use the [fake media](https://www.reddit.com/r/Wallstreetbetsnew/comments/lfyyty/informative_broadcasting/), and using practices as short ladders and [naked short](https://www.reddit.com/r/wallstreetbets/comments/lglrg5/naked_shorting_in_gme_and_how_the_pieces_suddenly/) and push stocks as silver, uranium, weed to blame the volatility on us. + +&#x200B; + +https://preview.redd.it/xh54d4zjanh61.png?width=1280&format=png&auto=webp&s=cab665b4fa1bffafcb8e018ac4b15f3ccb0caa83 + +For all the global crisis, for all the families who lose somebody who get desesperated and $rope after he lose all in 2008 (nobody went to prison for that), for all the business they make go bankrupt, for all the money HF have been stealing from retail investors through [illegal tactics](https://www.investopedia.com/terms/f/frontrunning.asp) as the ones we see all this weeks and for years, this is our moment to make them pay for all the did. + +I know when this start to show the real value a lot of us are going to want to sell to recover the initial invest, but remember there's fellow who put their live savings at $400+ don't make them fall, we are here against corruption and [market manipulation](https://www.reddit.com/r/WallStreetbetsELITE/comments/li50zh/wsb_has_been_infiltrated_by_hedge_funds/). + +&#x200B; + +I’m willing to lose all if this stop those greedy people to keep [stealing from us](https://www.investopedia.com/terms/f/frontrunning.asp), keep throwing business and then flex on us with new mansions, new supercars, new private jets, new yachts, this is a legal (*illegal if you know what they are doing*) daylight robbery. + +&#x200B; + +We’re not alone, there is massive hedge funds like BlackRock, [Vanguard](https://twitter.com/Vanguard_Group/status/1360227178185691137), in our side, do you think they buy [AMC](https://money.cnn.com/quote/shareholders/shareholders.html?symb=AMC&subView=institutional) and [GME](https://money.cnn.com/quote/shareholders/shareholders.html?symb=GME&subView=institutional) stocks to lose money?, they probably know something that we don't + +&#x200B; + +**Legal Fightback Strategy:** + +\- **HOLD THE LINE.** + +\- Try to [contact all the authorities](https://www.reddit.com/r/Wallstreetbetsnew/comments/ljfiyy/letter_to_congress/) you can, congress, [FBI](https://www.fbi.gov/), we need to make pressure to investigate all this market manipulation and corruption case (Citadel, Melvin, Robinhood, SEC, etc.), the responsible need to go to jail for this. + +\- If you lose money in Robinhood when they shut down trades (*we all lose money in that let’s be real and together billions*), or don't receive support to transfer your money in order to ditch it, cancel your account with all your money in it for no reason, etc, put a lawsuit or join the class lawsuit and expose all the case to your local authorities, those dogs are laughing at us in [twitter](https://twitter.com/RobinhoodApp/status/1358611669446914050) trying to look like the good ones, we need those fake brokers to go down, they sell our orderflow to the corrupt HF, so they do [front-running](https://www.investopedia.com/terms/f/frontrunning.asp) and steal from us, no more robbery. + +\- Don't waste your time sending reports to the SEC about this case, these corrupt dogs are in HF side too, if not, they would have already done something against all the market manipulation they did. + +\- No sell GME neither AMC [until we get what we deserve,](https://www.reddit.com/r/GME/comments/lkal7q/warning_there_are_several_people_trying_to/) at the end, is the money they have been stealing from us, not lower after they conducted a daylight robbery for years. + +\- Finance laws need to be updated to the new era in order to avoid corrupt HF like these ones keep destroying business and keeps stealing from us. + +\- Downvote all bots and infiltrates HF posting negativity to hide them and report it to the mods to be permanently banned. + +\- If somehow, they get to seduce mods in WSB legit left subs ([WSBN](https://www.reddit.com/r/Wallstreetbetsnew/), [WSBE](https://www.reddit.com/r/WallStreetbetsELITE/), [GME,](https://www.reddit.com/r/GME/) ) and post start being weird and cringe like WSB right now, we will create another sub and if necessary, or our own web page so don't worry. + +\- Leave [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets) so you don't get brainwashed by corrupt mods and HF stocks.(if you buy those stocks they see you as stupid, they just push and dump to keep taking your money) + +\- We need **ALL** WSB mods **REMOVED** those corrupted disgusting dogs they sell us like product for money to the corrupted HF, we need our main sub back and new algorithms to block bots. + +\- Keep doing and posting when you do charity with your tendies in name of WSB, to let the world know we are here making the difference so they will see the fake media. + +\- In the Congress hearing let's try to get a lot of attention thought all social media so the people will see the reality, they have been brainwashed all this weeks by fake media. + +\- No more High-Frequency Trading, in most cases is just a sophisticated way to call [front-running](https://www.investopedia.com/terms/f/frontrunning.asp). + +\- We need a new public institution in charge of regulating the market, to much power in the economic market is what allow them to do this massive robbery for years. + +\- If somebody can [send this](https://www.reddit.com/r/Wallstreetbetsnew/comments/lifb1g/psa_writing_to_your_congressmanwoman_works_aoc_is/) to our queen [AOC](https://twitter.com/aoc) or someone involved in the finances let's proposal that all stocks need to be in [blockchain](https://forum.cardano.org/t/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns/46924) or something, in order to verify shares and stop this illegal market manipulation, is a no sense that there’s more than 100% shorted or in holding, if we buy a stock is ours, 👉 [nobody can borrow and short what is not theirs](https://twitter.com/elonmusk/status/1354890601649610753) . 👈 + +&#x200B; + +**Final:** + +Upvote to make all our fellow [see this information](https://www.youtube.com/watch?v=jIfixbq_u0Q&t=16s) and try to repost it in all others subs, in case of [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets) use an account you're willing to be [banned](https://www.reddit.com/r/Wallstreetbetsnew/comments/lgu5g8/psa_wsb_is_a_medium_for_hf_to_spread/) cause we know [mods from WSB](https://www.reddit.com/r/WallStreetbetsELITE/comments/lidkeg/wsb_mods_trying_to_censor_positive_amc_posts_i/) sold us all and their [dignity to HF](https://i.imgur.com/KPGUMBA.jpg) for a few dollars. + +&#x200B; + +**All this is information is public so i encourage you to check the links to contrast all data by yourself.** + +&#x200B; + +**Not financial advice, i'm just an investor writing real facts.** + +&#x200B; + +**PD:** + +*If a corrupt HF intern, hired spy, SEC, or paid paper hands is looking this*, **fuck you**. + +*You are being paid by the target of a federal investigation into market manipulation.* + +*You’re an active co-conspirator in a potentially criminal enterprise.* + +&#x200B; + +&#x200B; + +*“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.”* + +&#x200B; + +&#x200B; + +**Edit 1: Thank for the adwards, wasn't neccesary, love you all <3.** +On a red week the forum is full of top posts that say "duh this was overdue to happen" followed by a green week where all the top posts say "duh this is the greatest bull run in history." + +I'm just pointing out that most of what this sub has is confirmation bias which does have it's place and helps with the emotional circus of the stock market. Just remember it's not any better then "the goons at CNBC." I can give you just as many reasons for the S&P to be up 3% tomorrow as I can for it to be down 3% tomorrow. + +NOBODY ACTUALLY KNOWS! Now more than ever. + +That being said, I get a bit annoyed with the "I told you so and everyone should have known" responses. It's easy to boast when you are right and in reality you could have just as easily been wrong. + +It doesn't seem like a big deal until someone who lost a lot of money feels singled out like they are the only one who didn't see it coming. No this isn't about me but more what I witnessed in 2009. + +If a year from now the S&P is down 20% from where we are today we can justify it. If it is up 20% we can justify it. Doesn't mean we know anything today. + +That being said, I'm betting green tomorrow but hoping for red! Need to spend some cash! + +Good luck out there! +I work a fairly high stress job but I’ve recently found myself getting frustrated and blowing up really easily this year and I’ve started to realize it’s the buildup of stress. During covid I’ve had a hard time destressing because I can’t take vacations and excercise is limited without the gym. What are all of you doing to de-stress? +ICICIdirect had convinced me into opening a demat account with them about a year ago, I have a quite small (less than 1L Rs. in holdings) stock portfolio I maintain with them at the moment which is all bluechip stock that I'm holding on for a longer horizon (>1 yr). + +Fast forward a year to today and I'm somewhat financially literate wrt the stock market but now I find the brokerages there really irksome compared to discount brokers (I should've looked at that before account opening but I didn't so that's that), and since I don't trade intraday I'm not really seeing a reason to stay on their platform... other than the research they put out maybe. My MF investments I did directly through PayTM money after doing some DD of my own so I don't see much point in their "full service" thing either. + +So in evaluating whether I should stay on their platform, I'm looking at whether the research they put out is worth anything. I will do my own due diligence into this of course, but I was wondering if anybody here has experience trading using their research with regards to: + +1) Whether it's worth what they charge for it. +2) How it helps you reduce the time you spend on DD. + +I tried searching for a thread on this topic in this sub but couldn't find any so posting one. +🔵[Telegram](https://t.me/BankerDogeOfficial) |🌐[Website](https://bankerdoge.com/?cms24sep) + +**BankerDoge has announced partnerships with nine other projects so far including Ultimogg and Tiki with a combined market cap of over 23 million dollars at the time of writing.** + +* Sell tax will be decreasing each day by 2% until we reach the final sell tax of 18% on September 29 +* Just in time for our BitMart listing (29th September)! +* BankerDoge has already signed with two additional exchanges +* 3 exchanges signed in the first week! +* 4300 BNB raised between all the presales, the initial market cap was roughly +* Market cap post launch rose past 11 million at its peak. + +# ☔Vault development + +* Vaults are one of the core features of the BankerDoge project. +* We expect to launch multiple vaults this week, and will continue to develop new features for more complex and customized vaults. + +# 💸Marketing + +* BankerDoge spent hundreds of thousands of dollars during launch +* Over 13,000 people to the telegram and millions of dollars in market cap. +* While we love the results, we are now transitioning to a more sustainable long term marketing strategy. +* By far the biggest and best source of marketing that BankerDoge will have is exposure to other communities. +* Continued development of vaults will bring in tens of thousands of users who are highly invested in cryptocurrency. +* We have already worked with a cryptocurrency marketing company to develop a plan for web presence on forums, social media, and display advertising. + +# 🔥Burn + +* The team completed a burn today, bringing the total burned to 10.59%, worth over half a million dollars! + +*✨****We are hiring!*** + +&#x200B; + +🔵[Telegram](https://t.me/BankerDogeOfficial) |🌐[Website](https://bankerdoge.com/?cms24sep) + +**Contract**: 0xf06419c638a1d809c024aa693147dbdc42b60145 + +Current Marketcap: 5.2 Million + +**Holders: 5729** +>It's Justin from the sharding research team. Apologies for the confusion. We are considering changing the Ethereum 2.0 roadmap to skip Casper FFG with 1500 ETH deposits. Instead Casper and sharding validators would be unified from the get-go in the beacon chain, and deposits would be 32 ETH. There's more information in this ethresear.ch reply. It's a recent and unconfirmed direction, but one we are taking seriously. + +https://www.reddit.com/r/ethereum/comments/8pi6mr/casper_and_sharding_coming_together/ + +This would allow many more people to become stakers right off the bat, and not have to resort to using pools. + +32 ETH is around $18k right now, compared to $900k for 1500. + +Exciting times ahead! +OK so there are tens of millions of shorted shares and if all apes stay strong together and all the meme bullshit comes true, I can sell a single share for millions? Where will hedgies come up with an amount of money that is higher than the US GDP? reminds me of the scene when dr. evil asks for an amount that doesn't even exist..and another q : why aren't the other WS/big fish all over this, why aren't they buying every share they can at such a low price? + +OK so there are tens of millions of shorted shares and if all apes stay strong together and all the meme bullshit comes true, I can sell a single share for millions? Where will hedgies come up with an amount of money that is higher than the US GDP? (c/p since it didn't let me post less than 250 characters) +I really have nowhere to put this or anyone to tell but I've been crying, freaking out, and going crazy! I got hired at a school for the evenings and **just** accepted the position for a second job at Starbucks **back to back**! I'm scared about failing both after being laid off in March and having my confidence destroyed by so many job rejections but I'm so freaking happy! Things are finally starting to align and I feel like I'm going to burst!!!! + +Edit: Thank you all so much for the love and support. I ended up having a happy cry on the way to the laundromat! Words can never express just how happy, relieved, and loved I feel in this moment and this feeling will always be special to me!! Thank you all again!!! And I hope everyone has a great day!!! : ) +Hey everyone, 2022 is becoming more of a struggle than previous years as we all know. I've been saving up some cash for a long time and last year it went pretty well and now I'm sitting on this pile of cash which is decreasing in value by the day thanks to inflation. I have very small investments which aren't doing great but those are out of the savings amount. + +I wanted to ask, what'd you recommend so that at least the value isn't lost for the next 2-3 years? I live in Finland if that matters. +I have bought u/Enlii on board as a mod as he was a very active member here early on. It wasn't the big community it is now either and it grew a lot. I really thank him for setting up automod and for work he has done. Lately I feel he his overmoderating this sub without discussion and I have thus given him a small time out. None of the arbitrary rules he created have been discussed with the other mods. I don't think verifying users is adding much to the discussion here and its a huge privacy issue. Also the 2K screenshot rule is arbitrarily enforced and pointless. Banning users for 45 days because of it randomly is not helping either. + +Right now I'm not so sure this is the right path for r/thetagang. ~~I would love to get some input on this, also from u/Enlii. I have stripped his moderation permissions for the time being, but have not removed him as a mod.~~ + +After going through the config, I see that he put in his tastyworks referral code disguised as a tinyurl link in the side bar ("Thetagang Preferred Brokerage"). It looked like (actual code removed): + +htt*s://start.tastyworks.com/#/login?referralCode=XXXXXXXXXX + +Wtf. That is a huge nono and a bannable offense. I've removed him as a mod and banned him accordingly. All other bans have been lifted, we'll start fresh. +I started wheeling in Jan and made excellent returns through it. Even though my long positions were in loss due to this year's downturn, the short positions were giving a decent hedge. + +So I started leveraging on the short calls to maximize those returns. Nothing much, just around 15x - 17x leverage. This totally nullified the losses incurred on my long legs every week. + +But I didn't stop there. I wanted to make a big profit even if my long calls went to 0. So I jacked up the leverage on shorts to 25x then 30x and finally 40x -50x in March. The projected returns of my short calls soon exceeded those of my long calls by more than 100% + +I was happy. Afraid but happy to be "hedging" so well. + +But last two days had unexpectedly big upwards move and I've lost 60% of everything I had made since January in just 2 days 😭 Yes, the long legs are in profit, but not even 1/4 of what I lost in shorts + +If anyone else's new to this, please don't get greedy. Don't leverage to the teeth even if your broker entices you with huge margins. Make stable consistent returns + +I became the very embodiment of loss porn I used to laugh at on WSB. Hopefully I recover in upcoming months 😔 +Make sure the person you’re dealing with is the owner before you cough up money to avoid a rental scam. If they won’t provide identification, move on to the next property. If they’re an agent, ask for business card / identification and call their office to confirm they are employed there. I was emailing back and forth with someone about a property yesterday and as soon as I asked the guy what his relation was to the owners, since he wasn’t listed on the public record, he disappeared. +These are available in most or all cities and towns, and accessible to anyone. It normally takes about 1 minute and you’ll save yourself money and hassle. +[RBC](https://www.rbc.com/investor-relations/_assets-custom/pdf/2021q2release.pdf) Net income $4B ($2.79 EPS) + +[TD](http://td.mediaroom.com/2021-05-27-TD-Bank-Group-Reports-Second-Quarter-2021-Results) Net income $3.7B ($2.04 EPS) + +[CIBC](https://www.cibc.com/content/dam/about_cibc/investor_relations/pdfs/quarterly_results/2021/q221newsrelease-en.pdf) Net income $1.7B ($3.59 EPS) + + +Amazing results, but judging by the stock prices, this was expected. +Saturday morning my neighbour had an open home. We live in an “okay” street at best south west Sydney. Over 100 people showed up and lined up in the pouring rain. As it was about to end I popped over to have a stickybeak, the kitchen had a leaking roof with a bucket in the middle of the room. The agent started their pitch to me showing me how many offers they had on paper and told me if I want to put an offer in I better do so before 2pm that day as it will be sold. The house was listed at 650, but the agent disclosed that had already received offers well over 700 as the market is “hot”. + +Just curious. Why are you buying in this market? Is it for a PPOR? Are you a FHB / investor? Are you like many who saved more during covid times? Or why are you holding off, and if so, until when? If you could sell your home but are holding off, why? (I’m curious to know why demand is high but stock is low? Is it too hard to find the next property in this market?) + +Cheers! +I work in private equity and deal with external board members regularly who will "work" on 1-5 boards earning 65-200k at each gig with typically some extra perks like the opportunity to coinvest on a no fee basis or get a small option package. The work mostly seems to be (1) participate in quarterly board meetings to provide feedback and advice to management, (2) make introductions to industry connections to help the company, and (3) probably interview for board positions regularly. + +To me this seems like the logical "off ramp" as I get older so that I don't go crazy from giving up all work instantly while still earning a little bit of extra income here and there. + +Anyone with experience doing this who can comment on whether they thought the experience was worth it? +An increase in interest rates from say, 2% to 4%, is a 100% increase in the amount of interest that needs to be paid. And with people buying houses at very high prices (coupled with paltry wage growth) I just don't see how all the debt can be serviced. Thoughts? +Just as the title says. This is an improvement over last time I was between pays and was -$200 in overdraft. + +&#x200B; + +Times are tough and discovering this sub has helped me feel less alone in this, so thanks all. +Reading a lot of the posts here can be somewhat discouraging when you look at the income levels of some of those down the FatFire path. I'll use myself as an example : + +Early forties, 25 years of experience (started as a teenager), Director level IT engineering, Fortune 50 company. All in cash comp \~$220k/year. I'm crushing it in my career...consistent top quartile performer. I have the personality for Sales, but my passion for engineering keeps me as connected to the 0s and 1s as I can be. + +What the hell am I doing wrong? I keep reading about kids twenty years younger pulling down $500K a year. I am getting a late start on the FatFire journey...should I be jumping ship to increase income? What company profile should I target for a significant change in salary? + +This may not be an appropriate question here...but there might be many people in a similar situation. +About a few months ago, I started to sell CSPs instead of YOLOing all my money into options because it was clear that was not going to work for me. I would get anxious as fuck before the market open because it was clear I was going to lose money. + +Now, I stick to trying to create a consistent income, and I work towards increasing my percentages each month. Thetagang is pretty dope and I am glad that I am starting to understand it. + +I started at about $1500 and was selling CSPs on AAL, AUY, NIO (before it was cool), RKT, PLTR, and now GME. My plan is to usually stick to selling CSPs on extremely high IV stocks, which end up being the meme stocks of r/wallstreetbets + +I have a spreadsheet that documents my trades, and it psychologically keeps me on track and keeps me in check so that I do not go and YOLO all my money. Anyways, looking forward to selling more CSPs, and hopefully implementing some more strategies. + +&#x200B; + +[Came to my senses in mid-August](https://preview.redd.it/oeo1gwi8b2261.png?width=757&format=png&auto=webp&s=020d898b2e5510406e12f0c592e45af71917d3a9) + +[Great spreadsheet to keep track of things](https://preview.redd.it/cgvpyg4ab2261.png?width=1327&format=png&auto=webp&s=844177167b1bc9aff26d4dde7cd1b8d342ee6d84) + +[Tracks the p\/l in graphs](https://preview.redd.it/ejsjfejbb2261.png?width=1146&format=png&auto=webp&s=d48c18c81ef2a56511810878948a20bd764e6f82) + +TLDR: I am selling CSPs to create an income, and I will use that income to buy more shares / sell more CSPs. + +&#x200B; + +EDIT: Here is the Google Drive link to the spreadsheet. + +[https://docs.google.com/spreadsheets/d/1hATD6rIi0jGYJ4rROBAJDRTv1nvsoSF5uIYKviFuhCc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1hATD6rIi0jGYJ4rROBAJDRTv1nvsoSF5uIYKviFuhCc/edit?usp=sharing) + +\*Create a copy and save it to edit it in your own drive. Enjoy! + +&#x200B; +Sen. Elizabeth Warren is calling for the ouster of 12 board members at Wells Fargo due to the fake accounts scandal that has rocked the bank. +http://www.cnbc.com/2017/06/19/sen-elizabeth-warren-calls-for-removal-of-all-12-wells-fargo-board-members.html +We are all seeing that Bitcoin is having its moment right now in terms of mainstream penetration and if Ethereum and alts didn't really profit from it I think everyone would say it's not a bad thing for cryptos at large. + +Now that said there are multiple things making me think we are moving toward a massive bullrun (and maybe even a comeback for a flippening) and that is the best moment to invest in ETH (not investment advices, just my personal opinion), I explain myself: + +* Technically we are clearly at the end of a market cycle https://i.imgur.com/NTNXzhT.jpg Some will argue that using an ETH-BTC scale is not pertinent since it's probably the cryptocurrency that emancipated itself the most from BTC by being available against dollars pretty much everywhere. I disagree with that simply because I think there is not enough liquidity in the market for them to have meaningful growth at the same time therefore seeing how they move "against" each other is the best way to judge ETH market. + +* The ICO fad is slowing down. Some of you maybe remember the explosion of crowdfunding in video games during late 2012/early 2013, things like the infamous [OUYA](https://www.youtube.com/watch?v=xTqhyHuKVKA) were born during this era, a developper could basically spend a week producing some artworks, post his project on Kickstarter and he would receive tens or hundreds of thousands of dollars with pretty much nothing but a CV and promises. It ran out of steam after a year mostly because 1) people don't have an infinite amount of money and there isn't an infinite amount of people 2) "backers" waited for the project they invested in to release something before throwing money at someone else 3) the first scandals appeared. For me it's the exact same phenomenon but x10^6 because this time there is a booming tech, potential big financial ROI and so greed is involved, that doesn't mean we will not have thousands of new ICOs but I think they will raise much less and the investors will be much more severe. + +* We will begin to see the first Ethereum projects release their product during Q1 and Q2 (I'm thinking about things like [Kyber](https://blog.kyber.network/kyber-network-progress-update-october-13-2017-fcab6802ca1f) and its Mainnet in February or [iExec](https://imgur.com/a/22hpJ) with its Version 2 in May, things like Microraiden will go live anytime now too, there are plenty other examples but you get the idea. The utility of Ethereum will move from speculative to real in 2018 and I'm convinced it will carry the price up as strongly as partnerships and updates did this year, especially if Ethereum finds its "killer Dapp" like Microsoft Office was to Windows for the average business. + +* Ethereum has relatively low awareness in the public mostly because it's an extremely complex concept to grasp even for people interested by tech, much more than Bitcoin ("e-money" is easier to grasp than "world computer"). Now I don't know if we are yet to see mainstream interest (ie: FOMO like BTC is experiencing) in 2018, I would more say 2019 but in cryptos things often go faster than thought however it's not really such an issue since the professional world is driving the growth and adoption. + +tl;dr for me it's time. + +Hi guys, + +One of the most common questions I find around here, and around other subs, is “what is the best broker?”. Giving a correct answer to this question is quite challenging, this is because different people have different opinions about what the word BEST means, for some is the safest, for others is the most reputable, for others is the one with the best user experience, and for (many) others is the cheapest. + +I must admit I spent way too much time looking into platforms available across Europe, decided to invest a small amount of money into each, and have a rough idea of the costs and the user experience. + +A quick disclaimer. Please feel free to use this information to inform your decision about which broker to choose but keep in mind this is just my opinion and I did not test all sorts of investment instruments available in the platform, which of course might change the results. This assumes you are a small investor, like me, and invest around 100-200 EUR per month in US stocks and ETFs. + +Here is the list of the platforms I tested from cheapest to most expensive + +&#x200B; + +**Lightyear** + +*Fees:* + +Buying and selling stock is 100%, i.e. you don’t pay fees. The only fee Lightyear charges is a Foreign Exchange (FX) fee of 0.35% to convert EUR to USD. So, for 100 EUR you will pay 0.35 EUR in fees. You can decrease the FX fee by using Revolut, I converted the 100 EUR to USD and transfer it to Lightyear, this way you avoid the 0.35% fee. + +If you have big pockets and invest more than 3000 EUR per month you need to pay xx %. + +*Pros:* + +The UI is polished and simple. + +When you open the app it shows you the performance of your portfolio and relevant news about the stocks you own and the market in general. + +The stock page gives relevant information such as recent news about the company, analysts' price target, the annual revenue and net income, and the expected and achieved earnings of the last 2 years (I believe this will be a premium feature in the future). + +It takes a few minutes to top up your account. + +You get 10 EUR to invest when you create a new account using a friend’s link. If you need one send a DM. + +*Cons:* + +Fractional shares are only available for market orders. Limit orders require you to buy a full share. + +The platform is quite recent and I’m not sure if not charging fees is a sustainable business model. + +Only has US stocks and ETFs. + +&#x200B; + +**Trading 212** + +*Fees:* + +Trading 212 charges an FX fee of 0.15% to convert EUR to USD. So, for 100 EUR you will pay 0.35 EUR in fees. You can decrease the FX fee by using Revolut, I converted the 100 EUR to USD and transfer it to Lightyear, this way you avoid the 0.15% fee. + +*Pros:* + +The UI is polished and simple. + +Trading 212 pies are probably my favorite feature of all the apps. You can define an investment pie, with x % of each stock you want to buy, and make it a recurring buy, thus making dollar cost averaging quite easy. + +The stock page gives relevant information such as the P/E ratio, EPS, and BETA. You can also access more data like valuations, growth, and much more. + +While Trading 212 is a somewhat new platform, it is one of the best new platforms that seems to have a solid team and a good balance sheet as it makes some money with its CFD product. + +It has an ISA account. + +*Cons:* + +Top-ups are usually fast but sometimes I had to wait 2 days to get the money in my account. + +You can only top-up with EUR, so you need to pay the FX fee every time you buy or sell a stock. + +The app is a bit spammy, it sends you a lot of notifications by default. + +You get a free share of up to 100 EUR when you create a new account using a friend’s link. This is a con because it does not allow you to choose the stock and most times is a shitty stock. If you need a link, send DM. + +&#x200B; + +**Interactive brokers** + +*Fees:* + +The fees are a bit messy and hard to understand. See [here](https://www.interactivebrokers.com/en/pricing/commissions-stocks.php?re=amer) for a complete list. But assuming an investment of 100 EUR per month on USD stocks/ETFs you will pay 0.0035 USD per trade plus an FX fee of 2 EUR. For large purchases, the situation is quite different and might make sense. + +*Pros:* + +It has several a lot of different investment instruments. + +The stock page gives all the information you need to evaluate a stock and shows financial statements, analysts' predictions, and some recent news about the company. Probably the most detailed of all brokers I tested + +IBKR is a really solid company with many customers across Europe and the work. It is the most reputable company of all the ones in this post. + +*Cons:* + +It is a bit difficult to get used to the UI. + +The top-up experience is ok, but you can only add money via bank transfer. For EUR transfers it is quite fast, but for USD it takes a while. + +The 2 EUR minimum FX fee makes it hard to justify for small investors. + +You get up to 1000 USD in IBKR if you create a new account using a friend’s link. If you need one send a DM. + +&#x200B; + +**Degiro** + +*Fees:* + +Degiro recently has small trading fees but for small investors, this might not be the better option. To buy a stock or ETF you pay a 1 EUR fee per transaction, this is good for large investors. But if you are like me and invest 100 EUR per month, that’s a 1% fee. However, Degiro has a selection of truly free ETFs, which is a good option for small investors. + +FX fee is 0.25% and you need to pay 2.5 EUR annually per exchange you are connected to. + +*Pros:* + +The UI is ok. + +The stock page gives all the information you need to evaluate a stock and shows financial statements, analysts' predictions, and some recent news about the company. + +Degiro is a solid company with many customers across Europe and has been in the game for a while. + +*Cons:* + +The top-up experience is far from ideal, it has been slow during my testing, and requires you to send money always from the same account. + +The exchange connection fee, the minimum 1 EUR fee per trade, and the FX fee make it hard to justify for small investors. + +You get a voucher o 5 EUR in fees when you create a new account using a friend’s link. If you need one send a DM. + +&#x200B; + +I hope this help. I'm sure I missed some great platforms but if you have some suggestion about what to test next just let me know + +EDIT: Correction of Trading 212 FX fee +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? +Hi everyone, + +A little backstory: I grew up with immigrants parents, both work minimum wage jobs, and this past May I was the first person in my family to graduate from college. I recently landed my first adult job and will be earning more than both of my parents ever have. + +In my culture, if I don’t take care of my parents I’m viewed as a disgrace. I want to support my parents, but I also want to establish a support network for myself so that I can break the cycle of poverty. However, now my parents are constantly asking me for money (rent, bills, home restoration, etc). I don’t live at home. Although I’m earning more money than them, it’s not enough for me to become the literal backbone of the family. How do I establish boundaries without feeling guilty? I want to spoil myself since I’ve never had much to my name but can’t live with the idea that my parents are slaving away at their minimum wage jobs while I’m financially independent. For anyone who has been in this situation, what have you done? + +Thanks! +Read [this article](https://www.moneycontrol.com/news/business/franklin-templeton-what-happened-behind-the-scenes-including-on-risk-management-6553741.html) recently which says that the warnings by FT's risk management were ignored/overruled. Things like these seem to be a constant reminder that the game is rigged and not in our favour. + +What would be the next course of action now? +Between this bait-and-switch and all the “retire early!” crap it’s very difficult to actually connect with other potential partners, private lenders, or just people that have been investing successfully for a while. Besides biggerpockets (virtual), what are the best ways to connect live with investors? +# + +[Credit to u\/bluestar4u for the meme](https://preview.redd.it/ufchoh4nylv71.jpg?width=677&format=pjpg&auto=webp&s=6e0f9bbf64523fe907a10d3d79a01b4fc07411b1) + +\--------------------------------------------------------------------------------------------------- + +# Archived Versions + +Dave Lauer Twitter Space + + +[https://www.youtube.com/watch?v=UBCz6W7WGN0](https://www.youtube.com/watch?v=UBCz6W7WGN0) + + +Official Youtube Channel + + +[https://www.youtube.com/watch?v=0EIpcCdBK-U&t=3300s](https://www.youtube.com/watch?v=0EIpcCdBK-U&t=3300s) + +Thank you u/RestartingMyLife0918 for providing the link! + +\--------------------------------------------------------------------------------------------------- + +# Watch Live Here + +[https://www.youtube.com/watch?v=0EIpcCdBK-U](https://www.youtube.com/watch?v=0EIpcCdBK-U) + +Dave Lauer is also hosting a twitter space discussing this lawsuit live. Please dont forget to keep a muted tab open for the official stream to show our numbers if you would like to listen to the hearing with commentary. + +[https://twitter.com/dlauer/status/1452291952221773824?s=21](https://twitter.com/dlauer/status/1452291952221773824?s=21) + +\--------------------------------------------------------------------------------------------------- + +# Learn More Here + +As Citadel Securities argues that they not only execute the majority of retail orders but also REPRESENT the interests of retail traders they are currently suing the SEC for the approval of IEX's new D-Limit order type. + +[https://www.sec.gov/rules/sro/iex/2020/34-89686.pdf](https://www.sec.gov/rules/sro/iex/2020/34-89686.pdf) + +This was designed to bring more transparency to lit markets and protect individual investors from predatory arbitrage. Dave created a fantastic thread a week ago explaining all of this. Please check it out. + +[https://www.reddit.com/r/Superstonk/comments/qaqv7z/citadels\_lawsuit\_against\_the\_sec\_over\_iexs\_dlimit/](https://www.reddit.com/r/Superstonk/comments/qaqv7z/citadels_lawsuit_against_the_sec_over_iexs_dlimit/) + +More information from IEX + +[https://iextrading.com/docs/IEX%20D-Limit%20Overview.pdf](https://iextrading.com/docs/IEX%20D-Limit%20Overview.pdf) + +Articles discussing the lawsuit + +[https://www.wsj.com/articles/citadel-securities-sues-sec-for-approving-new-stock-order-type-11602889484](https://www.wsj.com/articles/citadel-securities-sues-sec-for-approving-new-stock-order-type-11602889484) + +[https://www.reuters.com/article/us-citadel-securities-sec-iex-group-laws-idUSKBN27201E](https://www.reuters.com/article/us-citadel-securities-sec-iex-group-laws-idUSKBN27201E) + +[https://www.cnn.com/2021/02/04/investing/wall-street-robinhood-citadel-iex/index.html](https://www.cnn.com/2021/02/04/investing/wall-street-robinhood-citadel-iex/index.html) + +\--------------------------------------------------------------------------------------------------- + +# Looking for the DRS post that was stickied earlier? Find it here: + +# [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +For the most part, everything I've seen regarding income inequality is that it is simultaneously a good and bad thing. The good thing is how as the investors and producers of value gain value in whatever stock or company they own, they can invest some of that value back into their companies to drive income flow and possibly greater profits. The drawback commonly seen with this is if investors and executives are gaining such a runaway amount of money that don't return value to the economy, particularly in their own companies, it starts to hurt efficiency and economic and societal wellbeing. The other possible pitfall is if the profits produced are retained by a few people above their own actual value, either through lobbying or strategic tax avoidance moves, such as moving money offshore. Though those are less to do with the effects of wealth accumulation but rather how that wealth accumulation can come to be (by manipulating governments, laws, and other things outside capitalism). All of this is very messy because everyone always talks about it in terms of concepts. + +"Ah yeah, we need income inequality to drive capitalism" +"But what about this, this, and this related to income inequality which are detrimental to societal wellbeing?" + +There are no driving answers to where the lower and upper limits of beneficial income equality are. Everything I've ever been introduced to in economics has some sort of theory, often math and logic, behind it. Are there developed theories on when income inequality is or is not beneficial to capitalist growth? Are there concepts like the economic concepts of socially efficient values, marginal social cost, and welfare loss but with income distributions? I know that's a stretch but it's just to put into perspective what I want out of this thread. +Welcome back fucko's, bring on 2022!!!! + +&#x200B; + +Things have kicked off with an epic green day on Jan 1st to open the **ASX** casino, **BRN** is back on the menu, the mushie express is rolling and lithium had a run too... + +&#x200B; + +However, it turned red pretty fast though since that day.... + +&#x200B; + +**Mods** hope you all enjoyed the Guest Posts, but with the betting coming in thick and fast we will be returning to our regularly scheduled banning of retards fortnightly for the foreseeable future. + +&#x200B; + +There is already a bit to get through, so strap ~~on~~ in and allow me to get reacquainted with the drivers seat of the bans express. It needed adjusting anyway, Big Jim moved the seat back on account of the following Whale, there's fucking Kooksy crumbs everywhere and Wow, some Cunt changed all the radio pre-sets....... + +&#x200B; + +&#x200B; + +**UPDATES** + +&#x200B; + +\- A ways back, u/x2kcheese decided that if sub darling **AVA** didn't crack the **$1** party by Christmas they would [get themselves a tattoo](https://www.reddit.com/r/ASX_Bets/comments/pforvz/ava_to_hit_1_by_christmas_or_ill_get_an_asx_bets/?utm_source=share&utm_medium=web2x&context=3). + +Well, then [This happened](https://www.reddit.com/r/ASX_Bets/comments/rzpt3f/bet_update_stuck_in_isolation_so_i_had_to/?utm_source=share&utm_medium=web2x&context=3)...... + +What the fuck is wrong with you people? + +&#x200B; + +\- We have had our first [Kangaroo Court session of 2022](https://www.reddit.com/r/ASX_Bets/comments/rvr1lm/kangaroo_court_in_session/?utm_source=share&utm_medium=web2x&context=3). **Mods** sometimes throw stuff for mob adjudication to see if the pitchforks are ready. + +As u/lordofruin said in our group-chat, '' *There's no justice like angry mob justice''....* + +Last time, it was our [AWOL hair eater](https://www.reddit.com/r/ASX_Bets/comments/rvr1lm/kangaroo_court_in_session/?utm_source=share&utm_medium=web2x&context=3) in u/Jamesr43 who received a **perma ban** from the court, this time it was the case of u/PortelloKing and the misleading claim. The King will be departing for a **6 month** trip to Plucky-ville, please ensure limbs remain in the carriage and lube is in your stowed luggage... + +&#x200B; + +\- u/amb005 put up an interesting discussion about [Companies expecting a re-rate](https://www.reddit.com/r/ASX_Bets/comments/rtz5z3/which_asx_companies_are_expecting_company/?utm_source=share&utm_medium=web2x&context=3) in the new year. + +&#x200B; + +\- u/theoriginaluser01 posted about [plans and predictions for 2022](https://www.reddit.com/r/ASX_Bets/comments/rt6gss/the_new_years_day_thread_what_did_you_learn_in/?utm_source=share&utm_medium=web2x&context=3), which generated some fairly robust discussion. + +&#x200B; + +\- u/Mast3rfinish25 threw out one of the more highly upvoted [shit-posts](https://www.reddit.com/r/ASX_Bets/comments/rt31k6/ill_try_again_in_2022/?utm_source=share&utm_medium=web2x&context=3) for a while, with some sage investing contemplation. + +&#x200B; + +\- u/plucky26 put up a [poll](https://www.reddit.com/r/ASX_Bets/comments/rspvj5/happy_new_years_comparison_of_japan_and/?utm_source=share&utm_medium=web2x&context=3) that made sense to precisely no one, so its comforting to note that in an ever changing world some things do in fact remain the same. + +&#x200B; + +&#x200B; + +**NEW BETS** + +&#x200B; + +Before we get started on this, a gentle reminder. **1 ban bet at a time folks**. Your bets are not closed out until the **Bans Post** that makes the verdict official. + +&#x200B; + +&#x200B; + +\- u/UncleChunkz is running the mushie bet, stating that **IHL** will [touch $2 by May 31st](https://www.reddit.com/r/ASX_Bets/comments/s3c15d/comment/hsk5ukb/?utm_source=share&utm_medium=web2x&context=3) or it will be a 3 month holiday. + +&#x200B; + +\- u/Instantly-Regret has a complex [multi-leg bet](https://www.reddit.com/r/ASX_Bets/comments/r9rqm6/comment/hnesaoh/?utm_source=share&utm_medium=web2x&context=3) running. It's all in the link, short story is leg one went down so we have a 1 week ban incoming, pending another week on leg 2. + +&#x200B; + +\- u/SavEX_ has boldly claimed the first ever [Tom Reference](https://www.reddit.com/r/ASX_Bets/comments/rrthri/the_greatest_investment_ever_made_to_date_on_this/?utm_source=share&utm_medium=web2x&context=3) on r/ASX_Bets. This is an open challenge, if anyone can find proof of an earlier reference, OP will be [eating their next CHESS statement](https://www.reddit.com/r/ASX_Bets/comments/rrthri/comment/hqiolh3/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/captain007 has bet that **GRR** hits **$1** by [April 23rd](https://www.reddit.com/r/ASX_Bets/comments/ruvlds/comment/hr28di6/?utm_source=share&utm_medium=web2x&context=3) or they will take a month off. + +&#x200B; + +\- u/SunkDestroyer, giver of zero fucks, is straight back on the gambling train, betting that **LKE** will touch **$1.50** by [June 30th](https://www.reddit.com/r/ASX_Bets/comments/ruvlds/comment/hr2aycs/?utm_source=share&utm_medium=web2x&context=3) or its a 2 month holiday with the other **LKE**\-tards. + +&#x200B; + +\- u/ayrexxxx bet **IHL** to hit **$1** before the end of January, or a [months ban](https://www.reddit.com/r/ASX_Bets/comments/rseks4/comment/hqmnc2p/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Technical_Shower_157 bet **GTR** can touch **3c** by the end of Jan or the sub gets to be their [color coordinators](https://www.reddit.com/r/ASX_Bets/comments/rseks4/comment/hqmn65k/?utm_source=share&utm_medium=web2x&context=3) for February. + +&#x200B; + +\- u/Take1tez started talking about their large **PEN,** betting it will inappropriately touch **$0.5** before June 1st or they will [spend 6 months](https://www.reddit.com/r/ASX_Bets/comments/ruvlds/comment/hr44ta5/?utm_source=share&utm_medium=web2x&context=3) in the banned lands. + +&#x200B; + +\- u/Bigjimbeef and u/Mutated_Cunt have made a year-long pizza bet determined by whether **SBW** closes 2022 [above or below](https://www.reddit.com/r/ASX_Bets/comments/rve9m0/comment/hr4ztgf/?utm_source=share&utm_medium=web2x&context=3) **21c.** + +&#x200B; + +\- u/Springoniondip thinks **NKL** will be over **40c** by June **30th** or a [months ban](https://www.reddit.com/r/ASX_Bets/comments/ruvlds/comment/hr5h5pg/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/Joefarnaarkler will take a [6 week break](https://www.reddit.com/r/ASX_Bets/comments/rvo93z/comment/hr7azd8/?utm_source=share&utm_medium=web2x&context=3) if **MNB** doesn't touch **20c** by the end of January + +&#x200B; + +\- Resident troll, u/BrilliantMove7 lives to fight another day after surviving a [Perma Ban bet](https://www.reddit.com/r/ASX_Bets/comments/rx88sm/comment/hrh45li/?utm_source=share&utm_medium=web2x&context=3) , the market closing Green on Friday, **Jan 7th.** + +&#x200B; + +\- u/Butter-Brain risked a month in the shadow realm when they claimed **GTR** will [finish 10% up](https://www.reddit.com/r/ASX_Bets/comments/rx88sm/comment/hrh093n/?utm_source=share&utm_medium=web2x&context=3) on Thursday, **January 6th**. The real winners here are the banned souls that get to enjoy your company for the rest of January, see-ya.... + +&#x200B; + +\- u/Ballbagga went for **3 months** in the hole, after their bet claiming that [BRN will NOT touch $1](https://www.reddit.com/r/ASX_Bets/comments/rwgpsn/comment/hrc1mlp/?utm_source=share&utm_medium=web2x&context=3) this week finally fell through. As with all touching, we can only hope it was inappropriate...... + +&#x200B; + +\- Troll in waiting, u/Aggravating_Set980 bet that **BMM** would jump **10%** on Tuesday Jan 11th in response to the tennis saga or they will cop a [1 week ban.](https://www.reddit.com/r/ASX_Bets/comments/s0ds5v/comment/hs1dmkq/?utm_source=share&utm_medium=web2x&context=3) + +Oddly enough, the Tennis hype about a Serbian National from Belgrade failed to actually translate into a pump for an obscure Balkan mining company so the aggravating one will be sidelined for 2 weeks after trying a double or nothing play, visa pending. + +Credit where its due though, they almost called day 2 correctly. + +&#x200B; + +\- u/Rosencrantz1710 bet **RNU** touches **$0.30** by [Australia Day](https://www.reddit.com/r/ASX_Bets/comments/s2jcye/comment/hsfol54/?utm_source=share&utm_medium=web2x&context=3) or they'll spend a week in the shadowlands + +&#x200B; + +\- u/landkg bets **AR9** will **double** by EOFY or they [will have 2 years](https://www.reddit.com/r/ASX_Bets/comments/s2tqz8/comment/hsgmtei/?utm_source=share&utm_medium=web2x&context=3) of solitude to think about their choices. + +&#x200B; + +\- u/FunkySkateGod made a [whole post](https://www.reddit.com/r/ASX_Bets/comments/s2undp/ban_bet_cob_1_by_march_31/?utm_source=share&utm_medium=web2x&context=3) about their bet, claiming **COB** will touch **$1** by March 31st or Perm Ban. + +&#x200B; + +\- u/slicker_slide escaped a grands worth of fish guts after **BRN** failed to close [Above $1 on Friday Jan 7th](https://www.reddit.com/r/ASX_Bets/comments/rxrbi4/comment/hrkfd7i/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +&#x200B; + +Apparently you all enjoy betting on **BRN**. Below are the current bets on the Brain-Chip, **Mods** are having flashbacks to the [Mega Bets](https://www.reddit.com/r/ASX_Bets/comments/ir9fzf/comment/g4wygiq/?utm_source=share&utm_medium=web2x&context=3) of the past.... + +&#x200B; + +&#x200B; + +\- u/Ragepal has stated that **BRN** will get to **$1** by [Friday 7th Jan](https://www.reddit.com/r/ASX_Bets/comments/rwgpsn/comment/hrbv2q4/?utm_source=share&utm_medium=web2x&context=3) or they will be having a month in the shadow realm. Un-fucking-believably, they won... + +&#x200B; + +\- u/MAPABI has popped the betting cherry, rolling the dice on the relatively obscure **BRN** and claiming that if the dip-chip is above **0.68** on [June 30th](https://www.reddit.com/r/ASX_Bets/comments/rtz5z3/comment/hqwthrg/?utm_source=share&utm_medium=web2x&context=3) they will have a month as Plucky's play-thing. + +&#x200B; + +\- u/Wheresthecheesemoved has taken the contrarian side of this bet, if **BRN** is below the same mark they will take the month of cuckoldery... + +&#x200B; + +\- u/Mitchuation used their wrinkle brain to bet **BRN** would stay below **$1.70** by market close January 13th or they'd [take a permaban](https://www.reddit.com/r/ASX_Bets/comments/s2jcye/comment/hsfawzj/?utm_source=share&utm_medium=web2x&context=3) proving once again, having wrinkles comes in handy. + +&#x200B; + +\- u/poptartape bet **BRN** would [close red](https://www.reddit.com/r/ASX_Bets/comments/s2t69b/comment/hsh3ipf/?utm_source=share&utm_medium=web2x&context=3) today or they'll take a one-week ban. + +Ouch... + +&#x200B; + +\- u/ewanelaborate bet **BRN** would touch **$1.69** or they would also [take a week off](https://www.reddit.com/r/ASX_Bets/comments/s2t69b/comment/hsh6gfu/?utm_source=share&utm_medium=web2x&context=3). A Friday pump has ensured the impregnator will remain lurking in the daily threads... + +&#x200B; + +\- u/AureusStone deciding to shun the naysayers, bet **BRN** [close green](https://www.reddit.com/r/ASX_Bets/comments/s2t69b/comment/hsh4jvw/?utm_source=share&utm_medium=web2x&context=3) or a week's ban. Again, the Friday pump has saved the loather of inverse funds.... + +&#x200B; + +\- u/IncredulousStraddle won their [6 Month Ban bet](https://www.reddit.com/r/ASX_Bets/comments/rwgpsn/comment/hrbwke3/?utm_source=share&utm_medium=web2x&context=3) on the whole **BRN $1** thing, making sure the sub stayed original with totally unique bets....... + +&#x200B; + +\- u/chicken_harness bet **BRN** to close down 5% or greater today or a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/s2t69b/comment/hsjfzp6/?utm_source=share&utm_medium=web2x&context=3). + +Ouch.... + +&#x200B; + +\- u/Alawthrowaway jumped on the **BRN** express, but threw a little twist in, claiming that if it [closes above $1.40](https://www.reddit.com/r/ASX_Bets/comments/s3c15d/comment/hskglwk/?utm_source=share&utm_medium=web2x&context=3) on Friday 14th they will throw away a week of their sub time in the hole. + +Thank you for your sacrifice. + +&#x200B; + +&#x200B; + +**PURCHASE PENDING (AKA TICK FUCKING TOCK)** + +&#x200B; + +&#x200B; + +\- u/smallpenischinese owes the sub a [dildo purchase](https://www.reddit.com/r/ASX_Bets/comments/s05e3u/whats_some_bargain_good_quality_stocks_worth/?utm_source=share&utm_medium=web2x&context=3). Tick fucking tock...... + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +&#x200B; + +\- So lets kick off the new year by banning some flog from the old one. u/JakeDaly18 made a [fucking terrible post](https://www.reddit.com/r/ASX_Bets/comments/kxluzr/nwe_rocket_emoji/?utm_source=share&utm_medium=web2x&context=3) about **NWE** hitting **10c** within the year. Well, the year has come and gone and the highest this managed was **0.034c.** + +So that'll be all from Jakey boy, u/mcfucking asked me to mention the following: + +*''enjoy the 6 month retreat old mate* [*stinky bum*](https://www.reddit.com/r/ASX_Bets/comments/kxluzr/comment/gjb8r9w/?utm_source=share&utm_medium=web2x&context=3)*''* + +&#x200B; + +\- u/BuiltDifferant is the only loser from the above tattoo bet, they will be departing for a **month** after the cheese guy came through. + +&#x200B; + +Unfortunately, we now need to deal with the murky business of outstanding debts, by naming and perma-banning some **Piece of shit coward fucks.** + +&#x200B; + +\- [u/ninenet909](https://www.reddit.com/u/ninenet909/) made a bold bet, stating that [EXR will touch $1](https://www.reddit.com/r/ASX_Bets/comments/m3cyi6/weekend_thread_for_general_discussion_and_plans/gqqpggi?utm_source=share&utm_medium=web2x&context=3) by December **30th** or they will shave a line down the middle of their head. + +The time has come and gone. + +'*The people's* ***Mod***' u/mcfucking got in contact and was told they no longer have any hair to shave, meaning by default they also have nothing further to add to our forum. + +You're fucking gone Son..... + +&#x200B; + +\- [u/ChainImaginary](https://www.reddit.com/u/ChainImaginary/). came up with a bet that [EOS will touch $10](https://www.reddit.com/r/ASX_Bets/comments/mj2chm/i_was_gonna_use_my_profits_on_a_koala_but_bought/gt80hgg?utm_source=share&utm_medium=web2x&context=3) by the end of **2021** or they will get a **VDHG** tattoo on their butt cheek. + +Sadly, the Van-Guard folk will have to go without their free advertising, as OP has fled the scene. + +&#x200B; + +\- [u/Jazzladd](https://www.reddit.com/u/Jazzladd/) has bet that **BGT** will 10 bag from here till the end of the year or they'll [drink their cum](https://www.reddit.com/r/ASX_Bets/comments/mh08yf/premarket_thread_for_general_trading_and_plans/gt009zx?utm_source=share&utm_medium=web2x&context=3). + +Let the record show that the price of **BGT** was **$.135** at the time of betting. Not surprisingly, OP has gone awful quiet. Something incidentally, this particular **Mod** is quite ok with after the horrors of [last time.......](https://www.reddit.com/r/ASX_Bets/comments/lf94gp/alright_you_sick_fucks/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +*-* u/bousta95 bet they would drink blended red wine and steak if **DW8** doesn't go over .07 by [new years](https://www.reddit.com/r/ASX_Bets/comments/r1hfcr/comment/hlziyz4/?utm_source=share&utm_medium=web2x&context=3). + +No follow through. + +Fuckwit. **Perma** + +&#x200B; + +*-* [*u/hellotbar1010*](https://www.reddit.com/u/hellotbar1010/) [*VML to 10c by end of year or a YEAR ban*](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkkr4u/?context=3) . + +No follow through. + +Fuckwit. **Perma** + +&#x200B; + +&#x200B; + +**TLDR:** Καλή χρονιά, ας ξεκινήσουν τα παιχνίδια +What the shill attack that DRS isn’t working relies on is our own human bias where we need cause and effect to occur very closely to one another in order to be able to make the connection between cause and effect. + +It’s the reason that so many of our desired habit changes fall through despite our best intentions, like a healthier diet or more exercise. The effects are delayed too far out from the required behaviors and so we aren’t reinforced to keep going. + +Like I said in a previous post, for positive and negative reinforcements to be effective they need to occur at or around the time of the behavior being reinforced. Like if you touch the stove and burn your finger, the cause and effect are simultaneous and you’re negatively reinforced to never do that again. + +With DRS the cause and effect are further apart but that in no way means that registering all shares outstanding will not have the ultimate desired effect. + +It just means the effect is delayed while our enemies continue to have a percentage of shares not direct registered that they can use to rehypothecate. + +Just like a permanent change to diet or exercise ends up positively affecting your health down the line, and just like a plane halfway over the Atlantic usually makes it to its destination, DRS will eventually achieve its purpose. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +[https://www.ft.com/content/ffa49378-f5b4-11e9-a79c-bc9acae3b654](https://www.ft.com/content/ffa49378-f5b4-11e9-a79c-bc9acae3b654) + +Represents about 30% of the current workforce. + + Mr Claure added: “But I will promise you that those that leave us will be treated with respect, +dignity and fairness. And for those that stay, we will ensure everyone is aligned and shares in +future value creation.” WeWork declined to comment. +One former employee told the FT that there was “a lot of anger” inside the company, with staff +venting their frustrations about the sums Mr Neumann stood to collect under the SoftBank deal, including a $185m “consulting fee”. + + +Many disgruntled WeWork employees hold shares in the company that were issued to them at a +value above the $19.19 a share at which SoftBank is offering to buy them in a $3bn tender. The +SoftBank offer values WeWork at about $8bn, far below its recent funding rounds including a +SoftBank-led round that valued the company at $47bn this year. + + +One person who joined WeWork more than three years ago said he received a grant of stock at the +time that was priced at $20 a share, while the thousands of people who joined in more recent years +received stock at higher valuations. +Join us on r/Superstonk's new [Superstonk Youtube Channel](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) for **SUPERSTONK LIVE** \- a new live stream and discussion platform, that allows us to put on a "show" with guests, discussions, media, and more. + +Our first "show" will feature [Dr. Susanne Trimbath, PhD](https://www.gminsight.com/bio-susanne-trimbath) and u/atobitt, who will be discussing naked shorts and other topics related to Dr. Trimbath's work, **as well as answering questions from this AMA post.** + +Please see the bottom of this post for more information about the Youtube Channel, including the information that **this will never, ever be monetized.** + +# See the livestream here: + +[**Superstonk Live - Dr**](https://youtu.be/9rKS92zwh_o)[**. Susanne Trimbath, PhD - April 29, 2021 @ 3:00 p.m. EDT**](https://youtu.be/9rKS92zwh_o) + +Make sure to bookmark this link, Save the video to a playlist, and subscribe and enable notifications for the channel itself, so you can get updates for any future content. + +# Susanne Trimbath, Ph.D. + +Susanne Trimbath holds a Ph.D. in Economics from New York University and received her MBA from Golden Gate University. Prior to forming STP Advisory Services, Dr. Trimbath was Senior Research Economist in Capital Studies at Milken Institute (Santa Monica, CA) and Senior Advisor on the Russian Capital Markets Project (USAID-funded) with KPMG in Moscow and St. Petersburg. She previously served as a manager in operations at Depository Trust Company in New York and the Pacific Clearing Corporation in San Francisco; she started her career in financial services operations at the Federal Reserve Bank of San Francisco. Since 1989, Dr. Trimbath has taught economics and finance in university graduate and undergraduate programs as adjunct, associate and full-time professor. In 2009, she was certified to teach in the distance-learning environment by both Bellevue University (Nebraska) and University of Liverpool (UK, by Laureate International, Amsterdam). + +[Chief Executive Officer, STP Advisory Services, LLC](https://preview.redd.it/xwe3vp3llov61.jpg?width=500&format=pjpg&auto=webp&s=b2498ae062d4893d1800066c373cf0b756ae0894) + +Dr. Trimbath helped create the Transportation Performance Index for the U.S. Chamber of Commerce (Washington, D.C.) which she used to demonstrate the real economic payoff of investments in infrastructure. Dr. Trimbath authored, edited and contributed chapters to five books, including Mergers and Efficiency (2002), Beyond Junk Bonds (2003), and Methodological Issues in Accounting Research (2006). Her media credits include appearances on national television and radio programs (CNBC’s Power Lunch and NPR’s Marketplace) and the Emmy® Award-nominated Bloomberg report Phantom Shares. She appeared in several documentaries on capital market corruption and the financial crisis including Radio Wars: The Secret History of Sirius-XM Satellite Radio (2012), nominated for Best Documentary by the New York City International Film Festival. Dr. Trimbath’s articles appear in the national publications US Banker, The International Economy, and The American Enterprise in addition to academic, peer-reviewed journals. Dr. Trimbath is a contributing editor at NewGeography.com. + +\--- + +**This AMA Post will remain active for two days until the live stream on Thursday, April 29 @ 3:00 p.m. EDT, at which point this post will be LOCKED and questions will be answered live on Youtube.** Please note that our AMA guests have limited time, and cannot possibly answer all questions, so we encourage you to put some effort into your questions so that they can be upvoted by your fellow apes for visibility. + +\--- + +YOUTUBE INFO + +Please note... **This channel is not monetized, nor will it ever be** (screenshot this and hold us accountable), and is strictly for education and discussion as it relates to r/Superstonk topics and the interests of the community. The idea was approved by the mod team, and the channel was created and is administered by u/redchessqueen99. The stream itself will be handled through a third party service with many live-editing features (omitted for security's sake) that allows a stream through Youtube. + +Finally, we made the choice to create this platform because AMA guests seem to prefer the live stream method, since they don't always have a reliable platform to stream from. This allows us to offer them a choice of platform, and also a means of discussion with our members LIVE, that ultimately will cater to the interests of r/Superstonk and this community of diamond handed apes. +Good Morning, Afternoon or Evening Apes! + +Happy Tuesday. Hope you are all had a fantastic weekend relaxing and taking it easy. + +**AN INTRODUCTION** + +First of all – an introduction. I will need to be vague about certain parts but will endeavour to introduce myself best I can. I have worked as a journalist in media at all levels from local newspapers & TV stations – all the way to the national & international stage. I have travelled around the world and reported on every major news event you could imagine. I have also won numerous international awards around the world for my work. + +I am more than happy to verify my identity to mods of r/Superstonk to help give this post a little more authority and meaning. In fact I would encourage someone from the mod team to reach out because I don't want to be labelled as a fake. + +**WHY ARE YOU MAKING THIS POST?** + +I wanted to put together some thoughts and share with you those thoughts. These include thoughts about the work being done here, the level of research & quality. I also wanted to dive a little deeper into why you are seeing the media act the way they are, and why this story is not the front page of every newspaper or lead story on every TV network on the planet. I want this to be a bit of a different DD - a "cultural DD" rather than a technical DD , so I can try and explain what is happening in the media at the moment, and how we got here. + +**FIRST OF ALL – CONGRATULATIONS** + +Firstly – I want to congratulate the research and DD writers on this sub. + +Without a doubt – the quality of DD, research and investigative journalism that is on display here is unlike any I have seen in my career. + +If the system wasn’t corrupt to its core – some of you would be, in my opinion, in line for some of the most prestigious awards and accolades for investigative journalism (more on that latter) + +Once again, I will reiterate. The kind of DD & in-depth analysis that we are seeing in documents like House of Cards is some of the most well thought out, researched and important information I have ever seen. If you knew the stories I have been involved in, you would understand the weight of this statement. + +**What is being discussed here on this sub is the most important thing in the world right now.** We have stumbled across the largest criminal racket on the planet, in history. It affects every single person, and the criminality and corruption is something that has stolen trillons of dollars from billions of people around the world. For the first time in history, a think tank with different sets of skills, talents and abilities saw the data and worked out what was going on – and they did it in public, not behind the closed doors of some board room or towering sky scrapper. All the research and information are right here for everyone to see. More importantly - the DD is peer reviewed. There is a healthy debate, and many times things are debunked. This is incredibly healthy. + +**IT’S JUST ONE BIG CLUB** + +Media concentration is one of the biggest crimes that has happened to humanity. If you are old enough to remember, it wasn’t that long ago that there was thousands of newspapers, TV stations and radio stations around the country that were independent. They were run by local families or often were set up by a wealthy individual. You use to know the family who was running the local TV station - you would see them at church, or at the supermarket. + +Over time that independence has died. Almost everything you read, watch and listen to is now controlled by only a handful of companies. This includes both factual programming such as news, but also entertainment such as movies and TV Shows. + +Some of the main players are + +* News Corp +* WarnerMedia / AT&T +* ABC Disney +* ViacomCBS +* NBC Universal +* New York Times Company +* Sinclair Broadcasting Group + +These companies have controlling interest in a lot of what the world reads and watches not only in the United States – but around the world. + +Many times these companies will also take a 33% or greater stake in a foreign media company to have a footprint in additional markets / countries as well. There is also affiliate deals that happen – so there are a few local news companies that own hundreds of “local” TV Stations – but in essence they are still run by a corporation. + +An example of this was Sinclair – who owns hundreds of local TV stations sent a “Must Run”. Must Run’s are things that are mandated to be reported on or played in the local TV network. In my experience they are rare, but they do happen. You can see what a “must run” looks like in this clip below + +[https://www.youtube.com/watch?v=\_fHfgU8oMSo](https://www.youtube.com/watch?v=_fHfgU8oMSo) + +Many of the companies you get your information from are also multi layered in their ownership. + +Take for example the website MarketWatch. They are owned by the company “Dow Jones & Company” – who is then owned by News Corp – who is owned by Rupert Murdoch. Of course NewsCorp then owns Wall Street Journal, Fox Business, Fox News…. + +It’s all the same owner. + +And TRUST me when I tell you this – the owners of all these media conglomerates all have each other’s phone number, and do talk to each other and have lunch more often than you might realize. + +&#x200B; + +[The Mouse owns the world](https://preview.redd.it/2057xwo5qza71.jpg?width=2500&format=pjpg&auto=webp&s=da4ddd7295e0de871780325340c3c1ece51be8a1) + +&#x200B; + +**THE GREAT DUMBING DOWN OF AMERICA AND THE WORLD** + +One of the great (and many crimes) that has happened in the United States in the last 50 to 60 years has been what I call “The Great Dumbing Down of America” + +In my opinion, there has been a very strong effort to keep people uninformed about what is happening to them and their life, while at the same time also slowly reducing the attention span of the average adult. + +I can’t even begin to tell you how many times important stories have gone to waste because they couldn’t be explained in under 1 minute 30 for a TV news piece. How the FUCK do you try and explain to the entire world something like MOASS or how billionaire hedge funds have been using peoples pensions and savings to gamble on insane investment products and hiding illegal behavior – the simple answer is you cant. + +A perfect example of how this dumbing down of America can be seen in one of my brothers. I have tried so hard to sit down and show him the evidence and ask him to read things like “House of Cards” or other important documents from this subreddit. + +**Do you know what his response was?** + +**“Is there a TikTok length video that can explain this?”** + +That’s where we are right now. We don’t have an adult population capable of dissecting large amounts of complex data or information, and with the invention of Instagram, TikTok etc – the attention span is getting worse, and worse. It’s not just the population – about 85% of the journalists I work with can’t digest or understand the data I have shown them with regards to the GameStop saga. How do you think the public can be informed when the people that are meant to inform us cant even understand whats going on? + +That’s how these mother fuckers get away with it. Because they KNOW the population including journalists are now at a point where they a) don’t have the comprehension skills to deal with it and b) don’t have the attention span to even TRY and comprehend it. + +It’s the greatest crime that has happened to this country. Not only has the comprehension levels gone to an insanely low levels, but they are actively pricing out many young people from a decent college education – and in my opinion College has started to become a large group think exercise, and not the free thinking place it use to be. This has eroded skills like critical thinking to a dangerously low level. + +And a final note on the Great Dumbing Down – I believe that we have all seen in the last 60 years an insane level of dictatorship level propaganda that has led the majority of the population to believe they live in the greatest country on earth. + +Because of this red white and blue, flag flying brainwashing – we have led the greater public to simply believe they are living the best life they possible can. When in truth America has severe and epidemic proportioned problems with third world issues such as basic workers rights (such as annual leave and maternity leave), healthcare, education, violent crime, infant and child mortality, high level government and business corruption – and a host of everything else. + +I love the United States – and I do believe it’s an awesome country – but we HAVE to start seeing the problems we have that has been caused by corrupt businesses and politicians, and understand other countries figured out how to deal with these issues’ decades ago. We have to start rejecting the propaganda that this is the BEST, number 1 country on the planet, We must start understanding that tens of millions of adults and children are living below the poverty line, and are being left behind. The great lie comes through all forms of media – the movie industry, the nightly news. It is designed to lull you into a sense of “you are doing fine, no need to be any better”. We must strive to be better. We must demand a better level of leadership in this country to make the country better on such basic issues such as letting people take a piss while they are working (I'm looking at you Jeff Bezos) + +I really like this clip from the TV show "newsroom" that kind of explains what I am thinking. +[https://youtu.be/bIpKfw17-yY](https://youtu.be/bIpKfw17-yY) + + +**DO YOU REALISE HOW LUCKY YOU ARE? THE CULT-ISH MINDSET** + +Many of these organisations indoctrinate their staff by having a cult like attitude to the branding of the company they work for – and the name they represent. It is not lost on new staff on the history of some of these organisations – and the people that came before them. They might show them old, famous news reels from major world events. Vietnam War, Desert Storm etc. They might show them the notebooks of old reporters that came before them. + +The idea is to make people realize how lucky they are to be sitting on that desk, in that newsroom. That they are special – and loyalty is demanded of them. **Don't ask questions, don't go against the grain, just do your job.** + +**STAFF – A TWO TIER SYSTEM** + +Please note – the information here is regarding large national newsrooms, and not your local newsroom. + +These organisations are run with a top down, fear-based style of leadership. + +The leader of a news organisation will be the head honcho, and many times will be the person calling the shots on how news is covered, and what news is covered. Below them are a number of “lieutenants” – these could be “Vice President of *insert flashy title* here. The point is – that these organisations are run HEAVILY top down. As a journalist, many times you are simply told this is the story you are covering, now go cover it. + +Now as far as staff go – there are two levels of players. + +The first level are the seniors. These are people that have been with the company or industry for decades – and they are compensated well for towing the line and doing their job. Many of these salaries are low to mid six figures for background staff and management – and then on air staff going from the high 6 figures, and into the 7 figures. + +They live a comfortable life, nice big homes, lots of travel with work, and outside work as well. Why would you ever open your mouth and fuck that up? They don’t. They have a great life and its just best to keep being the cog in the machine that makes it work. + +Then there are the second level – juniors that are out of college. They are paid okay amounts for a first job but live in constant fear. They live long hours, but are promised that if they work hard, they will get paid more – get to travel – get to do bigger and better things. + +For both of these tiers of staff – why would they fuck anything up? They are both living their own dream – and they want to continue working in these prestigious institutions, getting paid huge salaries and living comfortable lives. No one wants to step out on a limb anymore for stories, they just like getting shit from a press release and taking everything as face value. + +Nepotism is also a huge issue in the industry. It is very much an oddity if you manage to land a job within one of these major organisations without knowing someone on the inside. The amount of people who are nieces, nephews, sons, daughters, friends is disgusting. Many times the jobs you see advertised on the career page are done out because rules state they must be advertised externally – they already know who they are employing for many of the roles. + +**TWITTER IS DESTROYING THIS COUNTRY** + +In my humble opinon - the art & science of good journalism died when Twitter became a major platform for newsrooms. Where there use to be a really big push to take it easy, take thing slow to make sure we get the numbers / figures/ facts correct - modern day journalists are SO quick to tweet something out - even if it is speculation. Many of the journalists I have worked with a) Thrive of being a "Blue Ticker" - it gives them purpose and meaning, and B) Get dopamine hits from how many likes / retweets they get from their tweet. + +This is also why we have seen a HEAVY increase in the last few years of what I call "Activist Journalists". People that tweet things to get reactions because they crave the attention. I think we all know one ass clown that craves attention in the financial world more than most - that clown Cramer. + + +I have had some journalists sit down with me, and spend a ridiculous amount of time coming up with snarky ways to say something - they get their thesaurus app out to find words that are longer to sound smarter. It's pretty fucking pathetic. Many of them REALLY get off on being popular on Twitter. + +&#x200B; + +**RELATIONSHIPS** + +First - a picture. + +[\\"Journalist\\" Andrew Ross-Sorkin with Shitadel Leader Kenneth](https://preview.redd.it/yhr9dhlcnza71.jpg?width=719&format=pjpg&auto=webp&s=65ff83899461b7e08987bcb3e0d1e3616b535b7d) + +Many time people go into this industry with good intentions - but the system gets ahold of them and changes them into someone they never thought they could be. + + +You can see the relationships between some people who call themselves journalists, and the likes of Ken Griffen easily if you notice the signs to look for. First of all the body language in this picture above to me says they are much closer than just a Billionaire investor & journalist. + + +Secondly, many times you will notice the ONLY person on a tv network that always has the exclusives with a certain person is the same person. Look at during the January fuckery how many times Andrew Ross-Sorkin was the guy saying "I am hearing Melvin Capital has closed their positions" "I am hearing Citadel is stronger then ever" + + +Its because these people usually have the dudes phone number and are getting texts directly from them. And just like the twitter thing - instead of being a good journalist and asking for proof, or checking another source, they just believe it blindly because they want to a) Help their powerful friend and B) Be the big hero and be first. It's a two way relationship - they both get something out of it. +[https://www.cnbc.com/video/2018/07/23/hedge-fund-billionaire-ken-griffin-markets-bitcoin-real-estate.html](https://www.cnbc.com/video/2018/07/23/hedge-fund-billionaire-ken-griffin-markets-bitcoin-real-estate.html) + +[https://www.cnbc.com/video/2021/02/19/citadel-ceo-ken-griffin-i-dont-see-aeconomic-underpinninga-of-cryptocurrencies.html](https://www.cnbc.com/video/2021/02/19/citadel-ceo-ken-griffin-i-dont-see-aeconomic-underpinninga-of-cryptocurrencies.html) + +He even admits in this clip that he took a phone call from Gabe Plotkin and just went on his word that he closed out of GME completely. + +[**https://www.youtube.com/watch?v=1HYBo5teFTU**](https://www.youtube.com/watch?v=1HYBo5teFTU) + +I tell you one thing - I would fucking LOVE to get Andrew & Gabe under oath and have legal discovery on what was said between them during January, I think it would be very telling of the true situation we are in today. + + +Any journalist worth half their salt would have asked for additional proof before going on air to say "Yup, they closed their position yesterday" - I smell bullshit. + +**I HAVE NO IDEA WHAT I AM DOING** + +[When Payday?](https://preview.redd.it/9mi5uy32tza71.png?width=455&format=png&auto=webp&s=12b1674d7865397ed9df717f7649e8f999df83f5) + +Another major problem in this industry is we are hiring people with no life or work experience at all. They come into these organisations, told they are God's gift to the world - and told to start doing journalism. They have no understanding of how the real world works, or how real working class people live or survive. + +I cant go into names, but I had a discussion with a person years ago with knowledge of the industry about how many financial journalists actually understand what the fuck is happening - and they said many of them don't understand anything past the basics. + + +**This is why this sub has impressed me so much - You're looking at data, graphs, charts and SEC filings in a way no journalist has.** + +These people are meant to be financial journalists, and many of these people couldn't read a chart or SEC filing to save their life. I cant read charts or candles - and I will be the first to admit that. And I would NEVER get on a soapbox and pretend I knew what was happening from XYZ chart. But many of these people do... when in reality they are just getting their information from either a press release, or the very people who have vested interest in a story being portrayed a certain way. + +&#x200B; + +**CONCLUSION** + +I feel like I am dragging on a bit - and I am talking like a crazy person, but I don't really know what else to say. + + +I really just wanted this group to know that the level of research - and the level of peer reviewed research is some of the best I have ever seen. The media don't understand it, they don't get it. Maybe they will after MOASS - but I don't think they will. + + +I have personally put everything into this basket - I have looked at all the information on hand as a journalist, and as an investor - and I continue coming back to the only conclusion there is. + + +I don't want this to turn into an AMA - but if you have any questions, please just submit a comment below. + + +MOASS soon. Have faith! +\[Note: I'm reposting a segment of my original DD I published today: [https://www.reddit.com/r/Superstonk/comments/u48h7r/wall\_streets\_criminal\_legerdemain/](https://www.reddit.com/r/Superstonk/comments/u48h7r/wall_streets_criminal_legerdemain/) + +The original DD post had an ambiguous title because it went over a variety of topics, which is why it might've not gotten a lot of traction. It was also really long, so I've decided to isolate a segment of that DD and repost it here, because I believe this segment to be the most critical information for Apes and would like spread awareness.\] + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +I've always wondered what happened to the really wealthy/influential public figures that had supported GME in the past, if they ever got threatened/scared out of supporting it like many Apes on Reddit got threatened in the past. It was mostly just a theory, until this happened recently: + +Bill Pulte, Founder of PulteGroup, CEO at Pulte Capital, and a philanthropist with a net worth of 9 figures openly supported GME: + +https://preview.redd.it/ki4kvo99trt81.png?width=591&format=png&auto=webp&s=48071945ddbeb138766aa971b34d3862e4025513 + +He made a 6 figure purchase, and as many of you already know, has gone above and beyond for Apes by providing exceptional support to the community, from free publicity to his 3+ million followers, to supporting the SuperStonk subreddit community. Well, soon after he openly announced his purchase of GME shares, a SHF contacted him: + +https://preview.redd.it/77jg82tbtrt81.png?width=701&format=png&auto=webp&s=49a8782b62ee78560003269a9a40bd8d4ddb23c9 + +The SHF told him not to buy GME, their exact words were "just looking out for you". + +https://preview.redd.it/m8egtb8dtrt81.png?width=706&format=png&auto=webp&s=899989a578a3a36f31ad7efc5dfebcd3d6f59966 + +Pulte publicized this information and refused to back down. A little later Pulte Group was shorted heavily, 75,000 puts worth $20 million purchased, the largest single purchase for options in the market that day. + +I made a comment about this shortly after, putting together the pieces: + +https://preview.redd.it/64x44noetrt81.png?width=919&format=png&auto=webp&s=c00f8c74ed556a1f7c6dd5deb689d34209714eb4 + +Put yourself in Pulte's shoes for a moment. You're minding your own business, and then you get a call from a hedge fund telling you not to buy GME, and then they tell you "just looking out for you". After you hang up, what is your thought going to be? "Wow, these hedge funds really care about me?" No, it's going to be "wow, that threat sounded ominous". + +I've personally been threatened before in real life. In my profession where I once got ambitious on a project, someone that wanted to hijack it told me "they'd offer me protection" or "they just wanted to protect me". Then, because I didn't agree to their terms, they initiated an anonymous smear campaign against me as a way to attack me. I lost funding/support for that project as a result. I know how this shit works. A hedge fund calling this guy, pushing him to not buy GME, then telling him "just looking out for you", is sending him an indirect threat. + +He refused, and got attacked shortly after. Although he has no investments in PulteGroup, it's part of his legacy. Family legacy is very important, especially to those in the upper echelon of society, which is why wealthy criminal organizations tend to use family legacy as leverage against a target of theirs, and the short attack on Pulte Group did affect Pulte: + +https://preview.redd.it/3skblyw9urt81.png?width=714&format=png&auto=webp&s=872dababde160a66b098208b1b82644ca17c4c5a + +https://preview.redd.it/d8npotw9urt81.png?width=715&format=png&auto=webp&s=01d26a4adc77b5bdca96f0e51c2c7118d0a43d69 + +https://preview.redd.it/t4ybd04itrt81.png?width=632&format=png&auto=webp&s=0815ce0c8f3cb8e6bb8ea73e2a31ca9c1cd70b79 + +I know there are many Apes out there that got threatened on Reddit, like me and several others, for things like supporting DRS or exposing shills/criminal activity. There were more public Apes like Kat Stryker that got a Cease & Desist letter from Citadel's lawyers when she wanted to fly a plane banner with #CitadelScandal. There was Christian Andrews, CEO of Initiative Equity Partners, that got threatened by Citadel's lawyers when he publicly stated that Citadel was illegally creating synthetic shares. There was Mo that got under CFA Investigation for exercising his free speech by publicly declaring his disdain for Citadel. + +But Pulte is the first one (that being, an extremely wealthy and influential public figure, up there with billionaires), that openly admitted to being contacted (and indirectly threatened) by a SHF to not purchase GME, and we saw that when he continued to support GME, Pulte Group got shorted heavily. + +On top of that, after Pulte Group was shorted, Cramer went on CNBC talking about BBBY & GME, mentioning Pulte out of nowhere. + +https://reddit.com/link/u4jwqy/video/uvx1v43ntrt81/player + +It seems that any big person/company supporting GameStop against SHFs gets targeted as well. It makes sense in the way that anyone allied with Germany (Italy, Japan, etc.) in WWII were considered enemies to the U.S. Basic war tactic. SHFs are fighting bankruptcy here. This is a war to them, their goal is to stay solvent as long as possible (and that means doing their best to prevent MOASS or at least buy themselves time). As financial terrorist, Kenneth Cordele Griffin, best said it, "each thing we did bought us 1 more day", and so anyone providing significant aid to GameStop (in the form of purchased shares, publicity, etc.), is a threat to them, and Citadel/SHFs will probably want to keep that threat on their radar to attack it in the future. + +Which begs the question...who else did SHFs call? I doubt Pulte was the first/only one they did this to. I know Mark Cuban was very supportive of Apes in the past. He did an AMA in February and encouraged Apes to keep holding: + +https://preview.redd.it/rh1dfq1strt81.png?width=828&format=png&auto=webp&s=ca72cc61754cab2f3ac6ac1edf4f9aa459911340 + +https://preview.redd.it/sretmauttrt81.png?width=710&format=png&auto=webp&s=96abd995336d25f47ada35930e788c800e5e0afc + +https://preview.redd.it/yqoiqeyutrt81.png?width=790&format=png&auto=webp&s=b3cac01bfe5aa00ede11fb03e8474119a11da075 + +He was put down by MSM for supporting the Ape community, and after his AMA he came on CNBC and said "I wasn't telling anyone to buy more", showing signs of backing away despite his full on support Apes previously. He never brought up GME again after that or continued supporting it. + +Did he get a call? Did he worry about his Shark Tank IPOs or investments getting shorted? Did he worry about being a target for SHFs by association with supporting GameStop? We have no idea what happened, but it raises some questions. + +Is shorting being used as a tool for weaponized finance to keep other billionaires in line? Weaponized finance gets used in trade warfare, as described by Carlson in "Bretton Woods & Wall Street" (pg. 351). Internationally, exchange depreciation has been commonly used as leverage to subjugate other countries. It's not a far stretch to say the Wall Street Criminal Club uses sinister methods of financial manipulation, such as shorting a company tied to an individual they deem a threat, to undermine and subjugate that individual, as well as to assert dominance over the entity/individual. + +Billionaire Chamath Palihapitiya supported GameStop earlier than Cuban did. He was supporting the heavy rally of GME before RH disabled the buy button. + +He publicly purchased calls in support of GME: + +https://preview.redd.it/flevayfwtrt81.png?width=630&format=png&auto=webp&s=40a01f09232660d5992fdc70443684bb8d068f9a + +And although he did sell those calls, he still continued to support GameStop and the Ape community. + +He was also put down by MSM for his decision to support Apes: + +https://reddit.com/link/u4jwqy/video/g8f7u25ntrt81/player + +Chamath's support and the free publicity he gave GameStop in January helped lead to SHFs losing a lot of money. So, it makes me wonder if SHFs wanted to punish him after they regained control of the stock in February in order send a message to him and other billionaires considering threatening their short positions on GME. Because a few weeks after that interview, this happened: + +https://preview.redd.it/7rodot4ytrt81.png?width=978&format=png&auto=webp&s=889209a9728aee69055834f577dcd151633de629 + +Chamath's SPACs got shorted hard, similarly to PulteGroup after Pulte continued supporting GME despite warnings from a SHF. + +Did Chamath get a call? Was the shorting of Chamath's SPACs an organized shorting by SHFs as a punishment for Chamath messing with their margin positions in January? Again, you need to understand that SHFs collude. They work together as a club. Anyone that messes with their club gets punished. Anyone that doesn't go along with them, or crosses them, can get made an enemy quickly. Think of it like the Mafia of the financial industry. Again, I can't definitively say anything, but after what happened to Pulte, these things can't be ignored anymore. + +There was also Dave Portnoy, 9 figure net worth and founder of Barstool Sports. He bought GME, and although he sold at a loss of $700k (and, believe me, I was roasting this dude with my memes back in the day, especially when Payne called him a 'little bitch'), he did publicly oppose SHFs and straight up called for Cohen to go to prison. Steve Cohen replied to his tweet about him needing to go to prison: + +https://preview.redd.it/x30zwdwztrt81.png?width=562&format=png&auto=webp&s=760365cc6074a80cb5a1eefefa84addda3f82516 + +We don't have all the details of what happened after that argument, but Portnoy's tweet sharing that he's afraid of Cohen is telling... + +https://preview.redd.it/86vudy31urt81.png?width=720&format=png&auto=webp&s=ccc28a0f233c45ed447d1dee951fd2328cdf78ba + +Did Cohen send one of his people to 'call' Portnoy? Did he get threatened? Why is Portnoy afraid of Cohen after he was bold enough to call for Cohen's arrest and tag him on Twitter? + +There were others like the billionaire Winklevoss Twins and Musk that offered support to GameStop in the past, but kept quiet later. + +I know Musk has been threatened against his will in the past (by the SEC), and his company was attacked heavily by SHFs to the point where it was hurting Tesla badly, so he most likely resonates with what GameStop is going through. He also replied to Dave Lauer in February, acknowledging that synthetic shorts exist, which is big. + +https://preview.redd.it/xfrmgkg3urt81.png?width=599&format=png&auto=webp&s=12887721d038e0d8177ade0b32265cc6679ce9b8 + +Musk obviously knows about the GameStop situation and is the type of person to want to support Apes, but hasn't really been publicly supporting GME since January last year. Is he restricted in some way from supporting it? Will Citadel dump all their shares and tank Tesla stock or will a SHF get the SEC to threaten him with market manipulation? Who knows, but it's something to think about. + +The most important thing here is that we should start asking questions about why very big public figures in the past like Cuban stopped continuing to support the Ape community, even though they seemed very adamant with their support in the past. And Pulte should also be protected. Any regular big name public figure, 9/10 figure philanthropist would've stopped supporting Apes as soon as they got a threatening call from a SHF or saw that by associating with Apes, their legacy was being attacked, but despite all the attacks, Pulte continues to fight for Apes. That is a very unique and remarkable trait, and I have a lot of respect for someone like that. Pulte and any other big name that fights for Apes needs to be protected. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +TL;DR: There is a preponderance of the evidence that suggests the Wall Street Crime Club actively holds heavy influence to what is said by public entities, organizations, and big names outside the club, possibly using more sinister means via weaponized finance. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +Additional Citation + +Carlson, Valdemar. “Bretton Woods and Wall Street.” *The Antioch Review*, vol. 4, no. 3, 1944, pp. 349–57, [https://doi.org/10.2307/4609021](https://doi.org/10.2307/4609021). Accessed 15 Apr. 2022. +My wife and I (no kids) live in Houston TX. I am in oil and gas. She is a successful family law attorney. Here is our info: + +ME: 33yrs - Oil and Gas - Safety Professional - $130k. + + I think it's important to note that this us a relatively high salary for my position, and I would be very hard pressed to find anything close to this. + +HER: 27yrs - Family law attorney - $75k. + +She got lucky finding the firm she is with and she loves it. + + + + + +I've worked with the same company for the last 14 years, however things have not been good lately. After numerous rounds of lay offs, they finally got around to me. However they offered me a transfer instead. If I accept, they expect for me to be moved by mid December. If I dont accept, they will lay me off on Monday and give me a severance of 6 weeks. + + + +My biggest concern in this decision is my wife. She has an amazing stable job which she loves and I really dont think she will adjust well to North Dakota. She loves the sun, the pool, the city, etc. And, her job is very stable compared to mine. Even though I make more money, my company is not doing well. There is a chance that I get moved up to ND and get laid off in 3 months (I dont think I'm exaggerating; however things could improve). The last thing I would want is for us to move, turn her world upside down, give up her stable job, just for me to get laid off in ND. + +As I think on the financial aspect of it, and the risk involved, I believe the best decision would be to take the job in ND. At least in the short term. If I allow myself to get laid off on Monday, I could get another job in 1 week or 6 months (it's an unknown). And there is no telling where the salary would be (it's an unknown). To me it's similar to the old saying, "one in the hand is worth two in the bush". And right now, the job in ND is my one on the hand. + +If I get three more months with the company, that's worth more than 6 weeks of severance. Also, I dont think it's a smart move to willingly be laid off, without a similarly paying job lined up. + +This leads me to my question, what's the best financial and caring thing to do for our family? No decision is easy here. I would appreciate any thoughts you all might have. + + Its probably important for me to note that she is the type of person who will put a smile on her face and say "let's go." She wants to support me. But she has never been to ND. She has never been in weather colder than ~20 degrees. + +The best plan I've come up with is: + +I go to North Dakota, while my wife stays in Houston; at least for 2 or 3 months. During that time I can search for and apply for jobs in Houston. During that time if i get laid off, she still has her job and i can come back. During that time maybe things become more stable and she finds a good job posted in Williston? It's all about trying to buy more time to see which way the wind blows. More time = better decision. The cost is our time together; and I see it as a great cost. It pains me to think of not being together that long. + + +I dont know. But this seems like the most responsible choice, both financially and out of respect for my wife. It breaks my heart to have to think about moving her away from friends and a city and job she loves, all so I can keep my job which is located in a horrible place (subjective) and which is (at this time) an unstable career. + +EDIT: My wife and I have saved up ~6 months worth of expenses. I also believe we could get by on her salary, along with the unemployment without even needing to dip into the emergency fund. That obviously comes at the cost of not contributing to a 401k or her IRA, and other cut backs. But we could do it. + +EDIT 2: I think we have decided that its BEST to not disrupt her job. She is stable. She has a great career. Ultimately my job will change. But ultimately we think we need to keep my wife at her current firm in Houston. + +So ultimately, this means the end goal is to get back to Houston, or a nearby city that she has built up networks. + +If that's the goal, then do I move for three months in while looking for a job? Or do I just stay in Houston, take the lay off, and look for a job? + + +We have about 50k in our emergency fund. + +My severance would be about 9k. Unemployment in Texas lasts for about 4 months, at about $500 per week. + +After everything is said and done, I think we could survive for ~5 months just off of the unemployment and severance, without having to dip into the emergency fund. + +So I guess the ultimate question is, do I go to Williston for 3 months with the intent to look for a job back in Houston? Or do I take the lay off, collect unemployment and hope to find a job in 5months (before using emergency fund)? + +EDIT 3: + +This has been a very emotional 24hrs. One thing is certain, things are going to change. And change can be scary. + +But with everyone's help, I honestly feel like the best decision is to stay in Houston. Take the severance. Apply for unemployment. If I play it right, i could go ~6 months without even dipping into my emergency fund. + +And by staying in Houston, I can stay with my wife. I can attend in person interviews. I can dedicate my self full time to finding another job. + +I dont know if that's the best choice. And I have read great points of view. And I thank everyone so so much. + +This reddit post has taken me from scared and worried, to hopeful. + + +EDIT 4: + +My biggest career positive (on paper) is my experience. Though my lack of a degree has me worried. Been working towards me BA in Occupational Safety, while working. This extra time might also help me push closer to that. I'm not sure if "working towards a degree" carries any weight in an interview or not. We will see. + +Besides that I have the standard OSHA 10 & 30, as well as a Petroleum Safety Specialist and Petroleum Safety Manager certification. + +EDIT 5: + +Tonight really helped us get our heads together. She seems okay and she can tell I'm less stressed, which is what she worries about. + +I reached out to my HR lady and she confirmed that IF I DONT take the transfer, which will result in me being laid off, I'll have Medical until end of month. They will supply me with a "Laid off letter" which states I was not fired but laid off. I have a week of vacation to cash in. Ill get one lump sum of 6 weeks. And Im eligible for unemployment (knew that). + +Tomorrow I will start updating my resume and updating out budget to keep us on track. I will reach out to some recruiters and apply if I see something which catches my eye. Thursday, I'll do it all again. + +This whole ordeal has made me reassess my situation. And my eyes have opened up to the importance of cherishing the simple things. We sat on the coach together kind of crying a little off and on, while watching Disney+. That's the kind of life I want. That's the kind of life I have. Moving away would jeopardize that. And I dont know if I would have realized that if it wasnt for you all. +Hi all - someone in passing mentioned earlier today that the Indian market is capable of producing stronger returns in contrast to, say, the US where the returns are more stable. + +I'm yet to verify the accuracy of that statement in all cases, but it got me thinking. Besides the benefits of diversification, what are some clinching reasons why you would decide to invest abroad? + +Thanks! +I'm finding it quite difficult to find good analysis of the UK market/UK shares to invest in. + +For the US, there's Mad Money (taken with a pinch of salt, but provides useful overview of market trends, etc.), and a load of Motley Fool podcasts and analysts on Fintwit to discuss with, and I've done well out of my entirely US based portfolio so far. + +However I want to invest more in UK listed shares, particularly as the £ strengthens against the $. + +What equivalent sources of information for the UK market do people use? + +I know Motley Fool have a UK service but I don't find it nearly as good as the US one. Most of their articles are very clickbaity ('My top three multibaggers' etc.) and lack the more rigorous analysis of their US counterpart. + +Any pointers would be gratefully received! + +Thanks in advance, +Wow, this is an interesting announcement from one of the highest quality dividend growth stocks on the market. + +Johnson & Johnson announced it will separate its drug and medical devices business from its consumer products group, creating two public companies. + +The separation will result in two companies: one focused on its household products, such as Aveeno and Neutrogena skin care products and Listerine, and another focused on its prescription drugs and medical division. + +The company said it hopes to complete the transaction in 18 to 24 months. + +The pharmaceutical and medical device division would retain the name Johnson & Johnson and have J&J’s incoming CEO Joaquin Duato at its helm. Those two segments are expected to generate roughly $77 billion in revenue while the consumer products division is forecast to sell about $15 billion in products this year, the company said. + +The company claims the split is not due lawsuits they are facing over their baby powder. + +[CNBC Article Link](https://www.cnbc.com/2021/11/12/jj-shares-jump-after-ceo-says-health-giant-plans-to-break-up-in-wsj-report.html) +Modest 3 bed houses in Sydney, north of the 'latte line’ or Inner West regularly go for this type of price, often well in excess of $2mil. I’m just wondering how do people entering the market today afford, or more importantly, aspire to afford something that expensive? + +These houses often aren’t anything flash, they are the ‘entry level properties', they often need work, are still a long way out, or have other obvious flaws. I’m literally talking about the bog standard family homes that a lot of millennials grew up in as kids. + +Obvious answers are, Bank of Mum & Dad, inheritance, cashed up immigrants, foreign buyers, flipping cheaper houses until you ladder up? But honestly, are there enough people in that situation to continue at this trajectory? + +If prices take off again, how does this work? Do these just become a captured asset class, handed down from generation to generation? What happens over the next 10-30 years when the boomers all start to sell them en masse, who buys them if the general population can't? + +According to Commbank, you need to be on 250k household to come close to borrowing 1.5m, with an eye-watering 52% of income going to mortgage repayments. Stamp duty alone is nearly 68k. If you earn 260k household, you are in the top 5.5% of all wage earners in Sydney Region. + +What am I missing that seemingly everyone out there seems to know? +So I have a friend who is now 32, whom I have always looked up to. He works 7 days a week (5 days in his FT job and 2 days in his side hussle on Saturday and Sunday). He has been working hard since he was a uni student at 19 and has always lived at home with his parents. Due to his extreme frugality and savings habits, he has managed to buy two investment properties (in good locations 20km or less from CBD) and has a significant share portfolio of about $500K ish. His annual expenses are about $4000 - $5000 (which ius mostly spent on video gfames and goin gout etc because his parents pay for his other significant expenses. + +Reading these forums, I often wonder how many people could have done the same thing. I am sure some people would not have parents as caring or that they would not like to live at home for that long. However, I also hear a lot of frustration even still about housing affordability, cost of living, trying to "escape the 9-5 ratrace" etc. + +And I just wonder for those of you who could go back to the time when you were 19 (and for those whose parents would be willing to allow them to stay at home rent-free), would you do the same thing as my friend? + +Of course, living with your parents has its drawbacks. You lose a lot of independence, depending on their parenting style; and of course it can impact on your relationships. But knowing that you save $30K a year in rent and $15K a year in other expenses, would you consider this as an option, KNOWING that at 32 you would be financially free or at least in a significantly better financial position? + +For me, I'd rather live at home with parents any day than risking it, moving out and becoming beholding to whoever my 9-5 employer is. That to me is not living... You lose your job and you have to find another one. If I lose my job I already have stable accommodation and investments +Ask any true ape if they are selling. + +The answer is a resounding no. + +The wholeeeee fucking globe, people from all over are invested in this butterfly in a mineshaft of a company, so NO ONE in their right mind would fucking sell their shares. + +The PRICE is—AND HAS ALWAYS BEEN— +#WRONG. + +Okay that is all folks, carry on AND of course: +#buythedip + +(Not financial advice.) + +Edit: *Fuuuck me* this really blew up; for any doubtful apes, look at the comments and updoots. No one sold, no one will sell until Valhalla is reached. 🌌 +MAIN TAKEAWAYS FROM THE HUGE ANNOUNCEMENT TODAY FOR EVERRISE! 🚀 + +🔸 David Gokhshtein, a HUGE Celebrity and Influencer in crypto and stocks is now PART of the EVERRISE CORE TEAM + +🔸 Conor Mc Gregor deal was seriously on the table, same for Snoop Dogg, the funds of 500K USD were instead put into the Kraken (Team has decided not to take a meme coin approach, all patterns so far has led to celebrities promoting a coin leaving a temporary pump and a huge dump, happens every time) + +🔸 Wasso, a core marketing member of the HOGE team (he was the one solely responsible for the market increase from 1MILLION MARKET CAP TO 300 MILLION) is now a member of the core marketing team for Everrise + +🔸 Marco is also another member with connections to a lot of people in the crypto sphere and beyond (Certik is one of them). PLUS! He used to WORK for CERTIK! + +🔸 Titan has announced his full departure from his full time job (more developers will be hired under him to speed up the process of the Everrise projects) + +🔸 Extension of the lock on the DEV WALLETS (TEAM REALLY BELIEVES IN THE PROJECT) + +🔸 Certik VIDEO AMA on the 15th (a big possibility, need full confirmation) + +🔸 The Everrise Team is aiming to have real revolutionary utility (the next Link, Cardano, Ripple) +Hey Everyone! + +The [Buffett Score](https://buffettscore.com) has been rather well received by the community here at r/ValueInvesting so I wanted to drop the new updates. + +All-in-all, there are now just north of 100 stocks that meet all 9 criteria. These criteria check for quality and do not factor in price (with the exception of one easy to pass score). Think of the score as a checklist, if a company passes it's a point, if it doesn't it scores 0 in that category. + +All 9 criteria are listed on the about page here: [https://www.buffettscore.com/about/](https://www.buffettscore.com/about/) + +# New High-Quality Buffett Score Stocks + +There were quite a few stocks that joined the list. I hope to personally use this list as a source of ideas and will be taking a deeper look at Crocs / Lockheed Martin over the next week or so. Would love to hear if any of these catch your eye: + +* AOS - A.O. Smith Corporation +* ATKR - Atkore +* CMI - Cummins +* CROX - Crocs +* CTAS - Cintas +* DGX - Quest Diagnostics +* DORM - Dorman Products +* FHI - Federated Hermes +* GNTX - Gentex Corporation +* HUM - Humana +* LECO - Lincoln Electric Holdings +* LMT - Lockheed Martin +* LSTR - Landstar System +* LYB - LyondellBasell +* MPX - Marine Products Corporation +* NKE - Nike +* NVEC - NVE Corporation +* OSK - Oshkosh +* PG - Procter & Gamble +* RGR - Sturm, Ruger & Company +* TROW - T. Rowe Price + +# Stocks Removed From the List + +These companies were removed for either failing to deliver (like SAM), or were acquired (like SMTP). Being removed from the list is not always bad, but it is a bit of a red flag imo. Here's the list: + +* ACN - Accenture +* ADES - Advanced Emissions Solutions +* EVR - Evercore +* FTV - Forgive Corporation +* GNRC - Generac +* HCKT - The Hackett Group +* IEX - IDEX Corporation +* ODFL - Old Dominion Freight +* REGN - Regeneron Phamaceuticals +* SAM - Boston Beer +* STMP - Stamps.com +* TPL - Texas Pacific Land Corporation +* WOR - Worthington Industries + +# Thoughts / Feedback + +The full list of stocks can be found on the [Buffett Score](https://buffettscore.com) homepage, or on [this months blog post](https://www.buffettscore.com/blog/november21-updates/). I do have a newsletter (signup at the bottom of the homepage) to provide these same updates. If the community likes this, I'll continue posting on Reddit. + +I'd love to know what you all think, and how this could be improved upon. +As I work from home now, all countries in Europe are open to me now as new homes. + +I am wondering if it would be a good idea to move permanently to Switzerland, and be physically in Switzerland 6 months per year. + +I am an EU citizen living in London, and currently pay about 35% tax rate on $400,000 in personal income from sales commissions. + +I am not sure how much I would pay in Switzerland, once you add up the federal, cantonal and municipal taxes. Also, I expect it is quite different in e.g. Zug vs. Lugano. + +Also, I expect the property and living costs will be higher in Switzerland, but not enough to really matter. What matters is the tax rate and quality of life. +Hi! I am 23 years old and I make $45,000 annually but am getting a promotion soon and will make about $50,000. I live in a high cost city so almost half my current paycheck goes to rent and living costs. I have been putting about $500 a month into my savings account, sometimes less, sometimes more. My savings is currently at $22,000 and I have 1% of my salary being deposited and matched in a 401k (I plan on increasing this to the match max come November open enrollment). Should I also put money in a Roth IRA or another investment? How should I go about finding what to invest in? + +I am also interested in buying a house in a few years and to rent out the other rooms to save money... idk if this is actually possible but it’s something I’d like to factor in for the time being. +First post so bear with me. I'm curious what you guys think of this strategy. + +I would like to own TSLA at approximately $800 a share. If I were to sell a put at $800 expiring 6/23. The premium would profit me roughly $13k, making the break even price $670 per share. + +Would it be worth it to tie up half my account for that long on a 16% roi for 14 months? Would there even be a buyer? I believe I would be getting TSLA for a bargain at that price if it were to get exercised. + +All suggestions and constructive criticism are appreciated. +Since the market's closed for a few days and there isn't much to talk about today, figured it was a good time to ask this question. + +I sell CSPs mainly, as many of us do. Who are the buyers of all the puts? I'm always kind of surprised that there's a large volume of buyers, even during weeks/months where the market is on an up-trend. + +Retail and institutional buyers who always think stocks will reverse? Seems like most of WSB are buying calls, not puts. +&#x200B; + +On May 21st, 2021, the original $BOG token was attacked, capitalizing on an exploit found in the staking portion of the original contract. This exploit, which was based around an error that paid stakers more tokens than were removed from the total transaction volume, allowed the attacker to effectively generate new tokens en masse. The end result was a massively inflated supply, distributed between stakers after the attacker stole three million dollars of liquidity and sold millions of tokens into the remaining pool. + +&#x200B; + +During the event, the BogTools developers were able to halt all staking-related contract functions, ending the attack before it could be completed. With a massively inflated supply and a broken holder distribution, the developers employed a similar exploit to remove the remaining liquidity in preparation for a token migration and total relaunch. + +&#x200B; + +**Oh no! Have they fixed it?** + +&#x200B; + +The new $BOG contract no longer contains code that can result in this sort of event in the future. BogTools & https://Bogged.Finance are ready to make their return, stronger than ever. Backed by newly-completed and future-planned third party security audits, You can rest easy that your funds will be #SAFU. + +&#x200B; + +**Well, what happens next?** + +&#x200B; + +*Let's find out.* + +Following the events of other prominent coin exploits, many users found chance for opportunity in the potential for a $BOG rebound. Unwary, they stumbled into one of the most ambitious projects on the Binance Smart Chain. With 15,000 new telegram members joining since the attack, we think $BOG is due for some action. + +**Me ape, me not know $BOG** + +&#x200B; + +Bogged.Finance & BogTools.io will be the most innovative token on BSC. Nothing else comes in striking distance of $BOG's ambition, target market, use-case, and functionality. The team is self-funded, the old token boasts over 40,000 holders, and the community engagement spread across Telegram, Discord, and Twitter pushes well over 25,000 members. No, they aren't bots. **Feel free to check**. + +&#x200B; + +**💎 Use Cases 💎** + +* Limit orders (buys/sells) on PancakeSwap v2: A Limit order is a type of buy order that you place with a specific buy or sell price, determined by you. When the market price reaches your target price, the trade will be automatically executed. Limit orders can help you buy dips or take profits to take advantage of volatility in the marketplace. +* Stop-Loss orders on PancakeSwap: Stop-Loss orders are orders that are triggered when a stock moves past a specific price point. Beyond that price point, stop-loss orders are converted into market orders that are executed at the best available price. Remember that massive dump where Bitcoin went from $64,000 to $30,000? You could've kept your money if you had a stop loss set up. +* Easy-to-read and fast-loading charts: Bogged.Finance's clean UI and fast loading times make it a better alternative than Poocoin, making newcomers even more attracted to DeFi. +* Token sniper: A hidden gem. It has 3 tiers, each with different features. Each order uses a dedicated high-performance node terabytes in size, and they use an extreme amount of gas to stay ahead of the game. During testing, the devs were able to get dozens of BNB (hundreds if they sold right away instead of holding) +* ARG: Bogged.Finance also has an ARG, with $10,000+ in prizes. It's perfect for people who like cybersecurity, although it's open to anyone. +* BogSwap: The website also includes a built-in swap that supports PancakeSwap v1, PancakeSwap v2, and ApeSwap. +* Built-in staking with high APY: BOG also has a staking function with a really high APY to incentivize people to add liquidity to the project. In the near future, everyone will also be able to use the solo staking function ,which enables you to stack BOGs without the fear of impermanent loss (this is currently only available to pre-exploit holders in orders for them to recover from the hack losses) +* \- Decentralized Oracles: + +1. The BOG RNG V2 allows smart contracts to get randomness on-chain in a verifiably secure fashion. Hashes of the pending numbers are stored in the RNG contract and assigned to randomness requests in the initial call. The oracle will then call back the requesting contract with the random number which is verified against the stored hash to ensure the random number provided has not been tampered with based on the nature of the request. This is a simple but secure method of providing random numbers on-chain which allows developers to easily integrate it into their project instead of trying to roll their own solution. +2. On-Chain Price Oracles: The charts also use these oracles. Accurate price data displayed in BNB + +\- Many more features that we don't even know about + +&#x200B; + +**🗺Roadmap🗺** + +* Any-to-Any Trading +* Scheduler Oracles +* Price Charts and Limit Orders v2 +* Off-Chain Oracles +* Multi-Chain Oracles +* Toolkits +* Pro Mode +* Scheduler Oracles +* Embeddable BogCharts +* Cross-chain release on MATIC with BOG bridge + +&#x200B; + +**💰 Tokenomics 💰** + +&#x200B; + +* Max Supply: 15,000,000 +* Circulating Supply: 13,300,000 +* Transaction Fee: 5% on trading only. Transfers are free. 2% goes to solo stakers, 3% goes to LP stakers. + +&#x200B; + +‍🔥 Post Launch Burns ‍🔥 + +1. 1530 BNB ($459,000\~) will be paired with an additional 221K BOG as a liquidity boost, this LP will be staked and the yield will be burnt, further reducing supply. + +2. 1530 BNB ($459,000\~) will be used to buy-back and burn BOG, on a schedule of \~109 BNB per day for the two weeks following launch. + +Further burns will be announced after this period and we will use our platform fees to buy-back and burn additional BOG. + +&#x200B; + +* **🔗 Links 🔗** +* Website - [https://bogged.finance/](https://bogged.finance/) +* Twitter - [https://twitter.com/bogtools](https://twitter.com/bogtools) +* Discord - [https://discord.gg/ktNXUkBM](https://discord.gg/ktNXUkBM) +* Telegram - [https://t.me/bogtools/](https://t.me/bogtools/) +* Charts - [https://charts.bogged.finance/](https://charts.bogged.finance/) +* ARG - [https://arg.bogged.finance/](https://arg.bogged.finance/) +I sold out my remaining crypto last night. Still feels surreal to me. Started buying Ethereum at just above $2 in early 2016 after missing the boat on Bitcoin. I put my whole tax return in in 2016 and threw a couple hundred at it whenever I could. I didn't buy a car and biked to work to save money. I remember at the time thinking there was about a 1/3 chance it would 100x, so there was an asymmetrical risk/reward in my opinion. + +Sold a large chunk during the previous bull run in 2017, and sold the remaining in multiple sales this January. Averaged about a 150x on my cost basis across all sales. All long-term capital gains. Now I'm 27 and financially independent. Will be buying my parents a house this year. + +I love this community and hope both the technology and price continues to improve. Thanks to everyone for making this a fun ride! +Of course it will depend on one's personality, the nature of the company, colleagues, commute time, industry trends, world events etc but generally speaking which jobs are easy - even mind numbing - and relatively stress free whilst still paying enough that you can stay afloat and maybe splurge or save a bit. + +I just can't seem to compartmentalize, so a job where I have stress hanging over me like a dangling sword on my weekends or in free time is going to lead me to a dark head space quickly... and I have an immune condition that gets flared up and makes me sick when I get highly stressed, so I've had to cross a lot of possible pathways off my list and now I'm set on minimizing stress. + +Call me lazy, entitled, whatever, I don't give a shit about being a high achiever and leaving behind some legacy I won't even be around to relish, I just want to be able to pay the bills and afford to hang with friends and my girl, read, write music, go to the beach etc. My old man is a senior executive and spends his Sunday responding to emails and taking international calls at 4am..I would rather go test gravity from my balcony. + +But obviously just to stay afloat one needs a decent paying job let alone to afford any comforts. + +So has anyone got any ideas? + +&#x200B; + +Edit: + +Thanks for all the suggestions (even though some of them require 5 years of study lol) also I'd like to open it up to include any jobs that are low stress and average/decent paying, or at least enough to get by on +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). +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I remember hearing about a new revolutionary currency that was going to change the world, bank the unbanked, and allow anyone in the world to instantly send each other money. The plan was about peace, love, harmony, and bringing the world together as one. When I look at reddit, twitter, forums, or the news, the only thing people are talking about now is the market, and how much the prices are going up. Did everyone forget what the original plan was? + +Sure the markets are great for media exposure, but wow did things change in the past few years. Money has converted this movement into a war. Greed has taken over. People are more concerned about their coin "going to the moon" than helping others. + +I realize I sound like a hippy, but I'm just throwing my thoughts out there. I hope everyone enjoys the holidays, a time to consider helping each other. +Don't think about buying back your initial investments. Don't think that the number you see in your screen is enough. + +Think about others. Think about the ones who need it most. Think about the lives that we lost. Think about those who are struggling, those who are going hungry, or sleeping in their cars. + +The longer you hold, the more help others will get. This is one of the few times where doing nothing will return greater things. + +Apes stronger together. Hold the line. Do good things. +It really is insane that this sub grew from literally 250 people to 110,000 in around 12 hours since the gme saga + +That only means y’all are really dedicated to the stock. I really doubt many (if any) of those 110k people don’t have any shares in gme. therefore, we could potentially guesstimate how much shares are being held. + +At a *very* *very* conservative estimate of 10 shares a person (i know you degenerates probably have a hell of a lot more) at 110,000 investors + +comes out to 1,100,000 shares being held by very dedicated investors at the bear minimum. + + +Which is really insane to think about. And I seriously think this is a gross underestimate especially with y’all buying every dip. + +obligatory: 🚀🚀🚀🚀🚀🚀🚀🚀🚀 +This post is a follow-up to the [preceding post](https://www.reddit.com/r/ethtrader/comments/79osxq/ethtrader_dao_token_preregistration/) regarding the opening of pre-registration for the EthTrader DAO. You can pre-register by [clicking here to send a direct message to u/EthRegBot (edit the message with your account address)](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%200xANETHADDRESSHERE). Or [similarly to request your karma breakdown as collected](https://www.reddit.com/message/compose/?to=EthRegBot&message=!ethreg%20karma). + +-- +-- + +It's been noted that the suggestion for this pre-registration is to use a freshly generated account in order to mitigate correlation between ethereum funds or transfers, and your reddit identity. While generating the account is easy (with https://www.myetherwallet.com/ for instance), anonymously funding the account with a small amount of ether is less straight-forward, or at least has enough of a faff factor that it might put off some people from participating. For this reason a [small fund has been created](https://etherscan.io/address/0xf7927bf0230c7b0e82376ac944aeedc3ea8dfa25) with an initial endowment of $100 worth of ether. The **first 1000 empty accounts to pre-register will be supplied with $0.10 worth of ether each**: enough to cover (at a low enough gas rate) the registration tx and a number of subsequent actions like votes or token transfers. (**Note** - you can update your pre-registration address at any time). Some other users have offered contributions to this fund so if it grows then either more people can be served or with a higher amount of ether. Any unused funds can also be returned. + +-- +-- + +As a side note: feedback for any dev who might [review the related solidity contracts](https://github.com/EthTrader/dappening/tree/master/contracts), or from anyone who might [review the dao, registry, and token operating rules](https://www.reddit.com/r/ethtrader/comments/78xelg/ethtrader_token_dao_salient_features/), is greatly appreciated. + +Long story short i was selling an item on facebook market place for £800, a buyer contacted me and asked if he could collect and pay with bank transfer and i agreed.He came over tested it out and paid on the spot.a week after now my barclays account has been frozen due to him reporting the transaction as fraudulent.It obviously is not as he came to collect it amd left with the item.I contacted the buyer several times, he read my messaged and then decided to block me from calls and messages. What can i do in this situation? I have all the chat logs +Everyone will continually tell you to buy in order to boost the value of their holdings. That's it. + +They will reassure you it's "just a dip", another great buying opportunity. That this is "just the beginning". Maybe it is just a dip, maybe it's going to defy gravity forever, maybe it's going to moon in a few months - but no one here really knows that. Any bad news is spun, any good news is hyped. These coins could go down -90% over the next year (just like 2018), and the whole way down you'll still be encouraged to throw money at it. Most people I know into crypto a long time have been cashing out since January/February. While you're pouring money in, we're cashing it out. We're telling you to buy and hold while we are literally fleecing the latest wave all under the guise of "it's okay to take profits every once in awhile". + +I'm sure this will be downvoted and buried quickly, but just to let you know what's really going on + +Edit: Since this is actually getting some attention, to add, I am not trying to come across as a doomsday merchant, I still have crypto. Just be aware of how this really works. It's not complex, in fact it should be quite self evident, zooming right out and looking at the overall picture reveals when the best times to buy were. +So had a very interesting phone call from my Aunt tonight. She had fallen into a windfall from a home sale and was told my by father that I am the one in the family to call about figuring out what to do with the money (not credentialed at all, just an avid PF/FI reader/investor). + +What she wanted to do with it- she had heard (From her grandson!) that TSLA was only going up and that she should put the whole thing into that. I told her why I thought this was a bad idea and that the better was a low cost index fund of something like the S+P500 and then tried explaining what a low cost index fund was. Turns out, this is a hard thing to explain to someone who has no context of financial literacy. + +So I came up with the following analogy. Imagine you are at a casino and each individual table is a stock. Some nights TSLA, AKA the roulette table does amazing, and some nights a couple players get hot and the table ends up losing a bunch of money. Overall, it is very volatile and will swing by more than most individuals can stomach. Instead, I like to invest in the whole casino AKA a low cost index fund. That way I am getting the gains of all of the tables. Some nights the Roulette table will get crushed, but is made up for by the fish over at the craps table. In the long run the casino, just like the low cost S+P500 index fund comes out ahead. + +She told me that it all makes total sense and that this is what she wants to do with her money. I am going to help her set up with a Vanguard account mostly invested in VOO/VSTAX in the morning. + +Cheers to all of you, who like the tech nerd in the family (my brother), gets calls about the families financial solutions. +Hi all, I recently bought 100 shares of at&t for the dividend payments. For some background, I made quite a lot of money off of gme and other “meme stocks,” but I quickly saw those gains disappear when I started options trading (I know, I’m a newbie, what was I thinking?) I am back to about 10% up from my starting point and decided to buy those at&t shares, along with some BAC. Currently 18 and I am focusing most of my efforts into attaining my engineering degree currently. What are your thoughts? Should I start building a dividend nest egg right now? Or, should I invest in some more growth stocks? Thanks! +As much as we’d like to think crypto is popular, it really isn’t that much outside of the reddit community… it’s still not close to mainstream which isn’t necessarily a bad thing. This means it still has much more room to grow and make profits. + +However to reach mainstream status, we need the mainstream market to start accepting full on crypto payments, and we know that’s not happening anytime soon. So we have to integrate a form of traditional kind of payment through these crypto credit/visa cards. + +I’m currently using one of these crypto cards from Zpae and they’re actually very convenient and I also get cashback on my crypto so that’s cool. If more companies keep doing stuff like this crypto will soon charge into the mainstream market. Just wait and see. +I have recently taken a large position (well for me) on The GEO Group. I will explain my reasoning and look forward to your opinion. + +The GEO Group is a REIT that owns and operates Prisons primarily in the USA for State and Federal agencies. + +Reward: They currently pay a 14.2% dividend. Prior to COVID, they paid a quarterly dividend of $0.48 which would result in a dividend of 20% dividend if it returns to that rate. My assumption is they will return to a quarterly dividend of $0.42 in 2 years. + +Risks: + +1. Biden has made a campaign promise to eliminate private prisons. + +My thoughts: + +* Many politicians make this promise but very hard to do because of GEO's political giving and a large number of jobs in key states. +* If Republicans hold on to the Senate it seems very unlikely. There is a 70% chance that the Republicans can hold on to the Senate according to the betting sites. + +1. COVID law suites - There have been a few law suites but they are handling COVID pretty well. + +My thesis, is prisons will remain private, perhaps 1 will be converted to the public for political reasons but that won't happen for 3 to 5 years. Several COVID lawsuits but it will be managed. + +In 2 to 3 years 16% to 20% percent dividend and a 50% stock price increase. My model shows my $12,000 in stock will have a compound return to $39,000 in 10 years and then result in a yearly income of $2300 a year. + +My downside is calculated at 1/2 my investment - $6,000 + +It's a high risk / high reward. + +Please provide your thoughts/analysis. The wife is asking me to clean up before friends come over, so I have to go now : ) + +&#x200B; + +**WOW this blew up into a "private prisons are evil" post. Just looking for investment advice, but I understand the opinions of everyone.** + +&#x200B; +I bought a brand new house by myself using a VA loan back in September 2020 with a 2.5% fixed. I asked my gf to move in with me the following March 2021. My housing payment is $1300 including the mortgage, escrow, & HOA. I charge her $600 in rent and we split all utilities halfway evenly (water, electric, internet). I haven’t had to do any major maintenance since it’s a new house besides changing out HVAC air filters every few months. + +We plan to get married eventually and she has even said we can do a pre-nup. She’s a very understanding and mature woman. + +My question is should I factor in her rent contribution when I decide to sell my house and we go to buy a house together in the future? I mean as in proportionally give her a share of whatever profit I make off the house sale. Would this be fair since she contributes to me paying my house? + +Edit: After reading everything I’ve decided against it. Just wanted to get input and see if doing it made sense and gave my gf a fair share. What’s mine is mine and what’s hers is hers. She’s be paying rent whether she lived with me or not and I’d be paying my mortgage with or without her. Thanks for the inputs everybody! +One of the most powerful things about the FIRE journey is the rejection of status. You know that people are going to think better of you if you have the fancy designation, the fancy car, the big house. But you choose to say – “Hey I don’t care what people think. I choose to NOT chase status. I’ll chase freedom and fulfillment instead”. + +&#x200B; + +What that does is it makes our journey lonely. We crave connect, we crave to be told we’re still valuable and important, we want people to tell us we are doing the right thing. So we come here onto this sub and talk to people like us. + +&#x200B; + +Unfortunately – this sub has slowly changed from a place where people came to seek connect, to a place where people come to seek validation. People have a void in their life from not being able to brag about their car, which they come here and fill by bragging about their income and net worth. + +&#x200B; + +So we have two kinds of posts, again and again with monotonous regularity: the first is the humblebrag (I have $2.8M and an income of 200K – can I retire?). This makes majority of the sub insecure and apologetic, and we have the second kind of post (I’m not an engineer in the Bay area – can I even think of retiring? I’m from a third world country – can I even dream of FIRE?) + +&#x200B; + +**We are the new Joneses** + +&#x200B; + +From being a powerful rejection of the status games that society plays – FIRE has become the ultimate status game. We now have incredibly intelligent, competitive people playing the game of “Who has the highest net worth”. + +&#x200B; + +We need to stop. We need to change. The sub no longer holds the values that made the FIRE path what it was. We no longer have that spirit of crazy rebellion, that heady feeling of freedom and power that comes with creating our own path. + +&#x200B; + +How do we change? I’m not sure. Maybe we refuse to state absolute numbers and net worth – phrasing everything in savings rate percentages or multiples of expenses saved. Maybe we recognize that the need to humblebrag is a natural human one, but restrict it to a daily thread. + +&#x200B; + +What do you feel about this? Is this a natural sequence of events when a sub becomes too big? Can we do something to rekindle that spark (FIRE pun intended)? Tell me what you think. +Millions of Americans can save more in retirement accounts next year, after inflation adjustments made Friday by the Internal Revenue Service. + +The employee contribution limit for 401(k) and similar workplace plans will jump $2,000 to $22,500 for 2023, the largest increase ever in terms of dollars and percentage, according to benefits provider Milliman. + +The amount taxpayers can contribute to an individual retirement account will be $6,500 for 2023, up from $6,000. The limit hasn’t changed since 2019. + +The 401(k) catch-up contribution amount allowed if you are 50 or older will rise $1,000 to $7,500 for 2023. The catch-up contribution limit for individual retirement accounts, which isn’t subject to inflation adjustments, remains at $1,000. + +For workers at companies that allow special after-tax contributions, and self-employed folks who have individual 401(k)s or SEP retirement plans, there is a total $66,000 plan contribution limit for 2023, up $5,000 from this year. That includes employee and employer contributions. With catch-up contributions on top, older savers can contribute up to $73,500 in 2023 to these plans. + +The retirement news follows Tuesday’s announcement of adjustments to income tax brackets and dozens of other adjustments including the estate and gift tax exclusion, made annually under formulas set by Congress. + +The higher limits offer a big savings opportunity. + +“You may not feel the pinch now, and you’ll reap the rewards later in retirement,” says Maria Bruno, head of U.S. Wealth Planning Research at Vanguard, which administers retirement plans for nearly five million participants. + +How do you plan to adjust contributions to your retirement accounts after the new limits kick in? Join the conversation below. + +In Vanguard’s retirement savings plans during 2021, 14% of participants saved the maximum amount of $19,500 ($26,000 for those age 50 or older). Six in 10 participants with income of more than $150,000 made catch-up contributions. + +Thirty-seven percent of households owning traditional IRAs or Roth IRAs in mid-2021 made contributions in tax year 2020, according to the Investment Company Institute. The median contribution amount was $5,000. + +The inflation adjustments also apply to the income thresholds that determine whether taxpayers can deduct IRA contributions on their income tax returns and whether taxpayers can contribute to a Roth IRA. + +In 2023, the deduction for taxpayers making contributions to a traditional IRA is phased out for singles and heads of household who are covered by a workplace retirement plan and have modified adjusted gross incomes between $73,000 and $83,000, up from between $68,000 and $78,000 this year. For married couples filing jointly, in which the spouse who makes the IRA contribution is covered by a workplace retirement plan, the deduction is phased out for taxpayers with income between $116,00 to $136,000 for 2023, up from between $109,000 to $129,000 this year. + +For a saver who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction for traditional IRA contributions is phased out if the couple’s income is between $218,000 and $228,000 in 2023, up from between $204,000 and $214,000 this year. + +For Roth IRAs, where the money you contribute is after tax, eligibility to contribute is based on your income. Once you are in a certain income range, the amount you can contribute to a Roth IRA is reduced, until you reach the income level where contributions are no longer allowed. + +In 2023, the Roth IRA income range where eligibility phases out is between $218,000 and $228,000 for married couples filing jointly, up from between $204,000 and $214,000 this year. For singles and heads of household, the income range is between $138,000 and $153,000 in 2023, up from between $129,000 and $144,000 this year. + +If you earn too much to get a deduction for contributing to an IRA, you can still contribute—it just won’t lower your tax bill. + +If you earn too much to open a Roth IRA, you can open a nondeductible IRA and convert it to a Roth IRA in a move known as a backdoor Roth IRA. + +The adjustments are designed to keep your retirement savings on pace with inflation. “If investors can increase their contributions, that money has the power to compound immensely over time,” says Ms. Bruno + +https://www.wsj.com/articles/inflation-causes-irs-to-raise-contribution-limits-for-401-k-s-and-iras-11666368024?mod=hp_lead_pos11 +From the Justice Department: + +Beginning in approximately October 2020, ISHAN WAHI worked at Coinbase as a product manager assigned to a Coinbase asset listing team. In that role, ISHAN WAHI was involved in the highly confidential process of listing crypto assets on Coinbase’s exchanges and had detailed and advanced knowledge of which crypto assets Coinbase was planning to list and the timing of public announcements about those crypto asset listings. Beginning at least in August 2021 and continuing through May 2022, ISHAN WAHI was a member of a private Coinbase messaging channel reserved for a small number of Coinbase employees with direct involvement in the Coinbase asset listing process. The private channel was used to discuss, among other things, “exact announcement / launch dates + timelines” that Coinbase did not wish to share with all of its employees. + +***The Insider Trading Scheme:*** + +On at least 14 occasions beginning at least in June 2021 and continuing through April 2022, ISHAN WAHI knew in advance both that Coinbase planned to list particular crypto assets and the timing of Coinbase’s public announcements of those asset listings and misappropriated that Coinbase confidential information by tipping either his brother, NIKHIL WAHI, or ISHAN WAHI’s friend and associate, SAMEER RAMANI, so that they could place profitable trades in those crypto assets in advance of Coinbase’s public listing announcements. + +After getting tips from ISHAN WAHI, NIKHIL WAHI and RAMANI used anonymous Ethereum blockchain wallets to acquire crypto assets shortly before Coinbase publicly announced that it was listing or considering listing these crypto assets on its exchanges. Following Coinbase public listing announcements, NIKHIL WAHI and RAMANI sold the crypto assets for a profit. Based on confidential information provided by ISHAN WAHI, NIKHIL WAHI and RAMANI collectively traded shortly in advance of at least 14 separate Coinbase public listing announcements concerning at least 25 different crypto assets. As a result of the insider trading scheme, NIKHIL WAHI and RAMANI collectively generated realized and unrealized gains totaling at least approximately $1.5 million. + +To conceal their purchases of crypto assets in advance of Coinbase listing announcements, NIKHIL WAHI and RAMANI used accounts at centralized exchanges held in the names of others, and transferred funds, crypto assets, and proceeds of their scheme through multiple anonymous Ethereum blockchain wallets. NIKHIL WAHI and RAMANI also regularly created and used new Ethereum blockchain wallets without any prior transaction history in order to further conceal their involvement in the scheme. + +***ISHAN WAHI’s Attempt to Flee the United States:*** + +On April 11, 2022, Coinbase announced that it was considering potentially listing dozens of crypto assets on its exchanges. Based on Coinbase confidential information provided by ISHAN WAHI, RAMANI caused multiple anonymous Ethereum blockchain wallets to purchase large quantities of at least six of the crypto assets that were to be included in Coinbase’s April 11, 2022 listing announcement. + +Shortly after RAMANI traded in advance of Coinbase’s April 11 listing announcement, on April 12, 2022, a Twitter account that is well known in the crypto community tweeted regarding an Ethereum blockchain wallet “that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published.” The trading activity referenced in the April 12 tweet was the trading caused by RAMANI. Coinbase thereafter publicly replied on Twitter noting that it had already begun investigating the matter and a few weeks later stated in a public blog post that any Coinbase employee who leaked confidential company information would be “immediately terminated and referred to relevant authorities (potentially for criminal prosecution).” + +On May 11, 2022, Coinbase’s director of security operations emailed ISHAN WAHI to inform him that he should appear for an in-person meeting relating to Coinbase’s asset listing process at Coinbase’s Seattle, Washington office on Monday, May 16, 2022. ISHAN WAHI confirmed he would attend the meeting. + +On the evening of Sunday, May 15, 2022, ISHAN WAHI purchased a one-way flight to India that was scheduled to depart the next day shortly before ISHAN WAHI was supposed to be interviewed by Coinbase. Prior to boarding the flight, ISHAN WAHI falsely told Coinbase employees that he had already departed for India when he had not. In the hours between booking the flight and his scheduled departure, ISHAN WAHI called and texted NIKHIL WAHI and RAMANI about Coinbase’s investigation, and sent both of them a photograph of the messages he had received on May 11, 2022, from Coinbase’s director of security operations. Prior to boarding the May 16, 2022 flight to India, ISHAN WAHI was stopped by law enforcement and prevented from leaving the country. + +You can read the entire transcript here: + +[https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme](https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme) +Can we make this a place where we can share all the beautiful changes we are making in this world when we become rich? + +I know I will be doing so much to help others in need and I'd love to post it here not for Karma farming but to inspire others to help this world with their new found riches. We must be the force for good! + +This is just an opinion but if you don't give back to the world when this is all over, you're no better than the hedgies. + +A wise man once told me that if you have the means to help someone and you don't, it says a lot about your character. + +I love all y'all, stay blessed and don't forget where you came from. + +EDIT: Seeing all the positive feedback and the awards makes me see that we are going to change the world for the better! Also I can't spell shill because I eat crayons. +**Edit** for grammar/punctuation. Thank you for the upvotes and awards. Feel free to pick at my theory. If you do read the report, it's interesting to note that from Sept on, Bill was barely treading water. Right after someone bought into GME. Tencent was what kept him alive. For a time through Oct/Nov. + +&#x200B; + +Having taken the time to actually read and digest [this report by Credit Suisse](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf) and discussing it with some of the other wrinkle brains, I NEED to write this. There is gonna be SO much fucking DD coming from this report... It's 172 pages, but I promise you it's a worthwhile read and it's FUCKING RIVETING! 😂😂 Please poke holes in this, let me know what I've gotten wrong, or need to fix. This is a bit of speculation backed by data, and I'll be the first to say options aren't my forte, so swaps are an even more dark art to me. I'll do my best though because I'm pretty sure that Archegos was balls deep in shorts for GME. Now the prime brokers are holding the largest bag of excrement known, and with the vanishing puts, you just made my tits harder Credit Suisse (CS). Also, I'm gonna do something a little different and post a visual for a TL:DR... + +&#x200B; + +# TL:DR + +&#x200B; + +[Pretty much this.](https://preview.redd.it/fc8v2a1ft5f71.png?width=719&format=png&auto=webp&s=dfc7e50a2f2f4459713a2784bb7538a94ec784ac) + +&#x200B; + +# What Does Archegos Have To Do With GME? + +Glad you asked. To answer that, we need to jump to page 110 and the only part that mentions GME by name: + +&#x200B; + +[Huh... Looks like GME was involved after all](https://preview.redd.it/hj1gdegjt5f71.png?width=770&format=png&auto=webp&s=1736beaf00a9922c849eb2b2242af1f670d19331) + +&#x200B; + +The footnote reads: + +"116 In January 2021, an historic rally in GameStop Corp. shares sent the company’s stock price from $19 at the beginning of the year to an intraday high of $483 on January 28, a surge of over 2500%. The rally was thought to be driven in part by enthusiasm generated on internet forums. At the same time, numerous large investors held short positions in GameStop stock, and demand for shares among short investors seeking to exit their positions drove the share price even higher. Among other things, the episode highlighted the danger that concentrated exposure to the **idiosyncratic risks** **of a particular stock** could lead to significant trading losses." + +Idiosyncratic risk stuck out to me. In all my 40+ years of being alive and 7 months of trading, I've only ever heard that one other time. Coincidentally, this very situation. + +&#x200B; + +&#x200B; + +Straight from the proverbial horses mouth: + +&#x200B; + +[What's this? Also, note it says SINGLE security. There can be only one. 🤔](https://preview.redd.it/6ajl0drtt5f71.png?width=979&format=png&auto=webp&s=aecc6b2b9e5dbe64a08882161d024e8f2a289cd8) + +&#x200B; + +[https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI\_IOSCO\_Quantitative\_Disclosure\_Results\_2021\_Q1\_1.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI_IOSCO_Quantitative_Disclosure_Results_2021_Q1_1.pdf) + +&#x200B; + +This should start to make your tits tingle by this point and I'm only getting started. I've ended up writing and re-writing this section. Because there are so many layers of complexity and obscurity, you end up on different paths all the time if you're not careful. For this, I have my own theories about the rest of the situation, but please keep in mind, this is only using information from the CS report and I'd argue we'll never find out all the details. + +# Enter the Tiger + +I'd like you to meet Bill. Bill has a voracious appetite for risk and credit. Bill came from Tiger Management, and the Tiger Cub created Tiger Asia, who traded mostly in Asian markets. In 2012, Bill copped to insider trading and plead guilty to wire fraud culminating in being banned from Hong Kong markets in 2014. If you're rich and get caught with your hand in the cookie jar, what do you do? Create a new company of course, which is exactly what they did. They decided to name this particular phoenix that rose from the ashes Archegos Capital Management. I shit you not, this was all they needed to do to get business with CS, no questions asked. + +&#x200B; + +[Gonna tell me it's not fueled by stupidity?](https://preview.redd.it/2sjkj5ieu5f71.png?width=1080&format=png&auto=webp&s=fbce57f2ec51c086125f1603ff9792eb8f20d4b7) + +&#x200B; + +It's important to take this in context, because good old Chad at CS was about as stupid as they come. When your job title is credit risk manager and you systematically fail at that job for years, you have to wonder how these people can be in charge of BILLIONS of dollars daily.... + +&#x200B; + +Now that we've peeled the layer of cat shit away and we see what we're dealing with, let's see if we can find a diamond named GME in the underlying dogshit. + +# The Beginning of the End of Archegos + +Now, I'm going to repost this clip: + +&#x200B; + +https://preview.redd.it/w7wvq204v5f71.png?width=763&format=png&auto=webp&s=e26261fce5a7627d603a4bb94b3198d571b192be + +&#x200B; + +Alright so numbers we need to work this is $800,000,000 which would've been the height of the squeeze in Jan. Now, we're gonna take Archegos ballooning exposure and try to see if they're close. January 6, I have two different numbers. One is $46.2m and the other is $32.5m... Odd. + +&#x200B; + +https://preview.redd.it/oao49l2816f71.png?width=778&format=png&auto=webp&s=67a5560e054ad6cf1bc0e3bcfc501af19ff50578 + +Then the very next page, 107 specifically, and we have + +&#x200B; + +&#x200B; + +[That's some hella coincidental exposure Archegos](https://preview.redd.it/tzu0x2ufv5f71.png?width=799&format=png&auto=webp&s=473f71b8ab7beb5c28b19f4d3d12777eba0462ad) + +&#x200B; + +That's where they fucked up. Me being the retard I am, I decided to go digging a bit. Now, Bill up there had a BAD habit of being SUPER concentrated in his investments. This works in our favor because it's easier to work out the numbers. Wonder why there are two different dollar amounts given? 🤔 Probably because from their own report, we can infer how many shares short they were with JUST CS. + +&#x200B; + +From their very own notes, CS took an $800m loss to THEIR portfolio during the squeeze in Jan. The reason CS took the hit, is because Bill's favored instrument was a [bullet swap](https://fincyclopedia.net/derivatives/b/bullet-swap). + +&#x200B; + +https://preview.redd.it/c4nv2m77w5f71.png?width=829&format=png&auto=webp&s=e42c81ebecd15b17ceaebb9a4cefa03a59aa4ebb + +CS and other prime brokers are actually the ones on the hook for this and why we're basically just going through the motions. The way it works, was that Bill was shorting GME through an option known as the synthetic short call. For this magic fuckery, you short 100 shares and then sell 1 atm put (😉 yeah, cos $.50 strikes are TOTALLY legit). + +&#x200B; + +https://preview.redd.it/lx31ly1by5f71.png?width=763&format=png&auto=webp&s=e526cf72dd69b9875ae54fb6f5aa669fb24e2631 + +[https://www.theoptionsguide.com/synthetic-short-call.aspx](https://www.theoptionsguide.com/synthetic-short-call.aspx) + +&#x200B; + +So, in this scenario, Archegos borrows a stock from a prime broker such as CS, sells that stock short, and then sells a put to that prime broker, or possibly another, no real paper trail to follow. As bullet swaps are Bills favored instrument, these would be on terms of 24 months (if you're looking for GME fuckery, start in March of 2019 as that's the first swap if it is this stock). Funny enough, Billy did this to evade taxes benefitting from the longer capital gains, even though he got the money instantly from the short sale and just paid premiums based on the underlying. I digress though. + +So, let's see if we can build a narrative around the GME run up and Archegos' implosion. Note, it wasn't just GME that took them down. As they were highly concentrated, Discovery, Tencent, and Viacom all played parts in this too since their declines eroded margins as well. + +&#x200B; + +For our "control" we're going to use CS's loss of $800m. Highest closing price to reach that, was Jan 27 with a closing price of $347.51 + +For reference prices, we're gonna use Yahoo + +[https://finance.yahoo.com/quote/GME/history](https://finance.yahoo.com/quote/GME/history) + +# Control: $800m and closing price of $347.51 on Jan 27 + +Let's do the math: + +800,000,000 / 347.51 = 2,302,092.02 = **2,302,092 shares rounded.** + +&#x200B; + +# Experiment + +**January 06 Archegos's Potential Exposure (PE) was either $46.2m or $32.5m** + +[Closing price $18.36](https://preview.redd.it/sh7b7edzu5f71.png?width=888&format=png&auto=webp&s=73d8c52e4b1106aac8d13a9bdee5585228b3cc91) + +We'll do both just to be safe. + +32,500,000 / 18.36 = 1,770,152.5 = 1,770,153 rounded shares short + +46,200,000 / 18.36 = 2,516,339.8 = **2,516,340 rounded shares short** + +&#x200B; + +Well that's interesting. Let's keep going + +&#x200B; + +**January 15, Archegos's PE increased to $143.6 million.** + +&#x200B; + +[$35.50 closing price](https://preview.redd.it/gr0ou3cp26f71.png?width=887&format=png&auto=webp&s=4c19464b447a6b8d39f391e63283ce21a280c131) + +143,600,00 / $35.50 = 4,045,070.4 = 4,045,070 rounded shares short. Wut doing Archegos? + +&#x200B; + +Interesting to note, 144m volume Jan 13. \*Speculation\* This is probably where a lot of shorts tried to exit their positions, leaving Bill with no choice but to short more. + +&#x200B; + +**January 21, Archegos's PE is $213 million** + +&#x200B; + +https://preview.redd.it/s5clwn1436f71.png?width=925&format=png&auto=webp&s=fbd8535adc4611060785ced99ee6224ea1cd4df7 + +213,000,000 / 43.03 = 4,950,034.8 = 4,950,035 rounded shares short... + +&#x200B; + +Note the volumes again. If I'm right, and Bill started shorting GME back in March of 2019, he's already hopelessly over his head. My speculation is that he tried to short more. This is also when alarm bells start to ring at prime brokers. From the report, Bill's portfolio profile by his admission was roughly the same between the prime brokers involved. + +&#x200B; + +[Any familiar names there? ](https://preview.redd.it/pl3uu9on46f71.png?width=801&format=png&auto=webp&s=1ffa48ecffc7742b308289ce338987e671e6cb67) + +&#x200B; + +**January 26, Archegos's PE is $331.3 million** + +&#x200B; + +https://preview.redd.it/gk102teq76f71.png?width=905&format=png&auto=webp&s=84db842f3574112fb9ec3cec6640c6c822346d6d + +331,300,000 / 147.98 = 2,238,816.0 = 2,288,816 rounded shares short. + +&#x200B; + +**January 27, Archegos's PE is $721.3 million. GME Closing price is $347.51** + +&#x200B; + +721,300,000 / 347.51 = 2,075,623.7 = 2,075,624 rounded shares short. + +&#x200B; + +Well, if you look at this and assume that's all GME, you'd think they started to cover right? What if I told you the secret ingredient is crime and that's all bullshit? + +&#x200B; + +# GME hits historical highs and the number of junk puts starts to increase... + +&#x200B; + +[LOTS of puts taken out at $10.00 during GME's run up to ATH's](https://preview.redd.it/bibknlu586f71.png?width=961&format=png&auto=webp&s=f1fcc5efd34506e776036da7c828469e1cf51f9f) + +&#x200B; + +[https://www.barchart.com/stocks/quotes/GME%7C20210319%7C10.00P/interactive-chart](https://www.barchart.com/stocks/quotes/GME%7C20210319%7C10.00P/interactive-chart) + +All taken out for a March 19 expiry + +&#x200B; + +&#x200B; + +[$5.00 puts, same thing](https://preview.redd.it/ha2w754s86f71.png?width=985&format=png&auto=webp&s=6c021afbc008ee985c6a9731d6f59d41d0e1855b) + +That's a shit load of puts taken out that day. How about everyone's favorite coming next Jan? + +&#x200B; + +[Nothing to see here...](https://preview.redd.it/bu60urz996f71.png?width=1013&format=png&auto=webp&s=4074bd15de38a64609755394dc5612ec2ce83d47) + +Wanna see something else? How about we look at the new favorite of Oct 15? + +&#x200B; + +https://preview.redd.it/o07r93uv96f71.png?width=948&format=png&auto=webp&s=2eee6508122b6839d06ab6b157e9ce084c9d7ed5 + +[https://www.barchart.com/stocks/quotes/GME%7C20211015%7C1.00P/interactive-chart](https://www.barchart.com/stocks/quotes/GME%7C20211015%7C1.00P/interactive-chart) + +&#x200B; + +Taken out exactly during our run up in March + +&#x200B; + +&#x200B; + +https://preview.redd.it/8tvtkck5a6f71.png?width=982&format=png&auto=webp&s=f9ebd967ced4037c9204e92bdca57710bdb15679 + +[https://www.barchart.com/stocks/quotes/GME%7C20211119%7C3.00P/interactive-chart](https://www.barchart.com/stocks/quotes/GME%7C20211119%7C3.00P/interactive-chart) + +&#x200B; + +$3.00 puts were all the rage back in January for a november expiry too... + +&#x200B; + +I could go on and on, but you get the point. Major OI increases in worthless fucking puts during every run up INCLUDING June. Disable buy buttons on Jan 28, mark shorts as long, short sell a floats worth just to keep the price in check, and now the puts are being passed around like nuclear hot potato. Is that what's going on here? And this is just ONE prime broker.. + +&#x200B; + +https://preview.redd.it/u4rzxmila6f71.png?width=1918&format=png&auto=webp&s=0c5f3da445343e9e304bcb56aa27d0eebb52bb7f + +Wonder if CS gave us a glimpse of just how fucked everyone is? +PLEASE FORGIVE THE LACK OF MEMES AND THE LIKE. CLEAR COMMUNICATION IS IMPORANT AT THIS POINT. + +TLDR: NFT Marketplace Bug Report Template at the Bottom. Comment below with issues you encounter using it. It will serve to collect info for the development team should they desire to utilize it for fixes and improvements. Comments on this post will be sorted by new for ease of sorting. + +WARNING: In dealing with the marketplace, BE SMART. NO ONE at GameStop will contact you asking for your seed phrase/passwords/private info. Be aware that new tech with this much hype is going to draw a lot of bad people trying to take advantage of things. STAY SAFE. + +Well Apes! BUCKLE UP! + +[https://beta.nft.gamestop.com/](https://beta.nft.gamestop.com/) + +It's here. After months of speculation, research, and hype, Gamestop has officially revealed their NFT Marketplace for use. This represents a huge step forward for our company, and is a very large piece of the long term strategy that Ryan Cohen and Co. have already put into place for Gamestop. + +We have offered very few calls to action as a moderation team since the inception of r/Superstonk. However, given the incredibly valuable opportunity the launch presents, we have a few points of action and encouragement for the community to hopefully join us in. + +To begin, we want to acknowledge the incredible and historical work that the team behind this marketplace has put in over the last year. The fact that we are only now seeing the results of that labor means that they have been spending a great deal of time and resources to getting a product to us as finished as possible. However, as with any tech launch, and especially one that includes so many unprecedented features, there are going to be hiccups and bugs that are going to need to be worked out. We want those bugs found by apes. This community has been so incredible at collective action to solve problems, and I don't think it's a stretch to say that having the wrinkles that need to be ironed out discovered by friendly supporters of the company is significantly more favorable than waiting for them to be organically discovered by users at large. + +We are calling on the community to get to know the marketplace inside and out. It's a tool for YOUR company. And if/when you discover issues that come up with your experience, please use the template below to be able to report it. The NFT team has put in so much time and effort. Let's make their job as easy as possible moving forward. Included at the bottom of this post is a template that we'd like you to use to report any issues you encounter. It will make it incredibly easy, should they choose to use it as a resource, for them to gather the info needed to get fixes happening quickly. + +Secondly, there's going to be a whole lot of news and information circulating about the marketplace itself. It is going to be so important that we accurately represent our experiences and support of the platform. To be clear, we are not asking or encouraging anyone to fill reviews with false positivity and reports. When you utilize the marketplace and have a positive experience, write about it. Post reviews. Get word of mouth circulating. You can bet we're going to see negative reviews spammed to try and undercut this launch. Counter it with the truth of your experiences. + +Finally, and this one should honestly go without saying, but GO USE THE MARKETPLACE. We want traffic, purchases, stories, all of it. The better the metrics look at launch, the more this is going to be able to continue to add an absolute fuck ton of long term value to the company we already love. + +This isn't the end of anything, and there's still work to be done. However, this is definitely a time for celebration. The marketplace going live is proof of the long term success coming for Gamestop. After over a year of anticipation, anxiety, and a whole lot of hopium, we're finally able to start reaping the fruits of our collective support of our stock. Let's do everything we can to ensure that this marketplace is as immediately successful as is possible. + +BUG/ERROR TEMPLATE: Copy and Paste this into a comment below, comment after filling out your information. + +1. OS: +2. Browser: +3. Browser Version: +4. Please describe your problem: {What page are you on? What are you doing? What behavior did you expect to happen? What behavior happened instead?} BE AS DETAILED AS POSSIBLE +5. Additional info: {include further relevant information here, especially the wallet address} + +Example: + +1. OS: MacOS Monterey 12.3 +2. Browser: Chrome +3. Browser Version: 99.0.4844.83 (Official Build) (x86\_64) +4. Please describe your problem: When I am on profile edit page to update my reddit username from foo to barrrrz, I expect the change to be saved however it is not saved. + +Additional info: eth address: 0x23984756289473678054768 wallet provider: metamask if I remove z from my username it is saved + +&#x200B; + +EDITS: A few word for clarification, and notice that this will be an ongoing project for the sub as we keep moving forward. + +EDIT V2. Right now we're looking at wallet connection and profile creation being the active options on the site. Obviously more will be coming at some point. Updates coming as we find them. + +Edit: Warning about scammers added, included specifics about wallet address in submissions +Investors keep on saying to read the letter to shareholders of Berkshire Hathway and learn from it. + +I wanna know if there's any company in India whose annual report and letters are good enough to learn what's happening in a Indian context +(I hope you got the point) + +Also, just put of curiosity, which companies in India have the least cooked up books? +I’ve been taking a look recently at MCD and how well they are at consistently paying out their dividend. Pretty good dividend yield IMO and they have been paying out for 45 consecutive years. I also like the real estate aspect because they receive consistent revenue streams from rent. What’s everyone’s pros and cons as McDonald’s as a long term dividend play? Thanks! +So as the title says, I'd like to buy some land in the next 5-6 years. Should I keep the money in an account or should I put it on something on an market index? Something safer? +**Further conclusions (ADDED sep 22)..** + +* Chinese indexes opened on Wednesday and didn't show panic. Media coverage in China shows that Evergrande news are secondary or even tertiary (possibly sidelined) to avoid stark main streets reactions + +* Onshore (local) bond payments of Evergrande have been resolved through negotiations off the clearing house, which a implies delayed payment schedule. (this is saying bond is paid on Sep 23, without payment actually happening on Sep 23) + +* According to bond covenants (bond agreement terms) Evergrande may have 30 days to pay its unpaid or partially paid bond interests/coupons if not completely paid on the agreed date without facing penalties ... hence the unfolding of the crisis due to unpaid onshore and offshore bond obligations may take months, which provides the Chinese gov with ample time to inject liquidity, trim & restructure the Evergrande empire as well as externalise toxic assets. Thus containment is likely, bits and pieces may resurface in 202 when more data about China based land and property sales is available, steering further market sentiment in positive or negative direction. + +* Possibly most of the upcoming gov & authorities' involvement will happen behind curtains, so we won't learn much about the evolution of this drama in the news. + +* markets in US, EU and Asia will likely calm down short-term until big quarterly data dumps show the impact on China market sentiment, incl. Caixin Manuf. PMI, Services PMI and Commodity Index + + +Assumptions… + +* 70% of wealth in China is held in property (elsewhere average is btw. 20 to 35%) + +* Evergrande’s international payment obligations are due on Thursday + +* 1/3 of current China GDP is created by construction and property related activity (builders, materials/commodities, industrials/machines, services, etc) + +* China property market (sales) has been lagging for some months already + +* a lot of Chinese investors have been harmed by the gov's regulatory actions in respect to Chinese tech companies (declining tech stocks), hence sentiment sensibility is heightened + +* holidays in China until wednesday .. markets are closed... thus delayed reaction of Chinese main street + +* Evergrande's total assets approx. 2trillion RMB (2% of China’s GDP) and complex structure (+200 offshore & almost 2000 onshore wholly and non-wholly owned subsidiaries). Accounts for roughly 4% of China’s total property sales. Its over 123,000 employees and 3.8 million contractors make up a fraction of China’s over 400 million urban labor force. + +* 40% of mainland China based bank loans are backed by properties + + +Further Information + +* Insightful article (English) from China's leading business magazine Caixin (China's version of WSJ/FT) about the internal dealings (various schemes & crowdsourcing debts) of Evergrande https://archive.is/8QjU6 +* based on the article there could be a large volume of hidden debts and other obligations off their balance sheet +* it will likely take years longer to complete the portfolio of 800 building projects under construction, because of unpaid contractors and due to Evergrande having to pay other obligations first +* in respect to the complexity of Evergrande's assets, holdings, financial products and corporate constructs, it may take the Chinese gov months to accomplish at least the minimum of insight into the breadth of the longterm financial obligations +* UBS estimates that $19 billion of Evergrande’s liabilities are made up of outstanding offshore bonds. +* in the case of bankrupt developer Yinyi Group (approx. July 2019) the process from application to restructuring kickoff took 2 years (Dec 11, 2020 signed reorganization Investment Agreement), yet it seems to have partially failed because investors didn't come up with the required funds (Link Bloomberg Law: https://news.bloomberglaw.com/bankruptcy-law/yinyis-investor-fails-to-wire-required-funds-for-restructuring) (2nd payment up until July apparently was also much lower than agreed by courts).... these things take long in China and are very intransparent, yet they may suffice as means of containment + + + +Market impact + +* after digging into surrounding circumstances many analysts (jeffries, JPM, MS, citi, UBS, Barclay, Fidelity) believe that systemic distress is not evident, risks are priced in and that contagion can be avoided ([Bloomberg!] (https://www.bloomberg.com/news/articles/2021-09-21/wall-street-s-message-on-evergrande-china-has-it-under-control) + +* we may see more market tremors once Chinese markets are open (wednesday), so Tuesday may be green in US and Europe in the verge of slight rebounds + +* a large net injection may signal Beijing’s intent to reduce systemic stress. If the Peoples Bank of China withdraws funds, that could mean it’s prepared to tolerate higher market volatility as the developer moves closer to a default. + + + +Outlines of 3x spill over scenarios +---------------------------- +**1.) Unorderly containment + large spill over** + +Evergrande default spills over to other property and real estate firms in China.. with unorderly containment, leading to a considerable decline in many related industries (incl. services) due to panic and liquidity-squeeze-related market actions. Property prices in China would collapse and lead to a moderately sized property sell-off -> the rather significant negative GDP impact would hit Chinese wallets directly, leading to severe repercussions for China-focused firms (global) and China’s future growth in general + +-> large impact on international markets (most sectors), global crisis potential, quicker decline of China’s GDP, FED would have to delay tapering + + +**2.) Orderly containment - moderate spill over** + +Evergrande default spills over to other property firms in China.. with orderly containment, resulting in a moderate decline in a few related industries (construction, concrete/steel, machines, real-estate) -> the GDP decline would impact China’s domestic spending/consumption power moderately and lead to a medium-long term cooling of the China property market with rather big slow down of international commodity markets (spec. looking at Australia, New Zealand, South Africa) + +-> moderate impact on international markets (few sectors only), less long-term effects, slow-paced decline of China’s core GDP + + +**3.) Orderly containment - small spill over** + +Evergrande default spills over to a few selected property firms in China (with extra large debts). China’s gov steps in quickly and aggressively to ensure an orderly containment with a direct relief to calm down markets, resulting in a small decline in a few related industries (construction, concrete/steel, machines, real-estate) -> the slight GDP decline would result in rather short-term consequences for China’s domestic spending/consumption power. The CCP would at least manage to keep China's property prices stable thus not affecting savings/wealth of the main street too significantly; the spill over effects would be barely visible. + +-> only short-term / slight impact on international markets (selected sectors only) + +EDITED: added 2 assumption bullets +EDITED #2 (21.9.21): added info article +EDITED #3 (22.9.21): added further conclusion +[https://www.livewiremarkets.com/wires/aussie-house-prices-fall-for-the-second-month-in-a-row-and-the-pace-of-declines-is-accelerating-quickly](https://www.livewiremarkets.com/wires/aussie-house-prices-fall-for-the-second-month-in-a-row-and-the-pace-of-declines-is-accelerating-quickly) + +&#x200B; + +"In what should come as no surprise to regular readers of this column, Australian house prices have declined for the second month in a row in June--and the pace of losses is accelerating sharply. According to CoreLogic's market-leading daily hedonic index, dwelling values across the five largest cities fell by more than 0.8% in June following on from a 0.4% loss in May. " +We won't stop. We can't stop. This is GameStop. Stop playing the role that the shills want you to play. + +Stop saying we are losing motivation. None of us are. If anything, we keep gaining motivation every day that the MOASS doesn't happen. It gives us times to get our ape paychecks and buy more stocks. + +The MOASS can happen today, next week or even in a few months. Who knows. But what I do know is that it will happen. It's only a matter of time. + + + + +EDIT #1 + +As I said, NOBODY lost motivation. Read the comments to see clearly. The shills are the ones trying to say differently. + +Non of this is financial advice. I sniff red crayons. + + + +EDIT #2 + +Look at all the reinforcement from the apes here!! It doesn't stop! +If you have 50k in cash and you want to generate annual return. Would you rather buy shares or sell OTM or even ATM, blue chips only, LEAP or monthly cash secured puts? + +If you sell 550p TSLA September 2022 for around $5300, annual return is 10-11% which is not bad or you can sell 4 contracts 140p AAPL for $5700. + +Either way, if the market crashes, you will be a bag holder for short term. You will lose dividends by selling puts, but dividends are not appealing in blue chips stocks. + +&#x200B; + +Give me your opinions. +[https://i.imgur.com/HOpqtVo.jpg](https://i.imgur.com/HOpqtVo.jpg) \- the agreement I just received at log in. + +I assume they plan to cease activities soon, otherwise it makes no sense to charge more than IB itself. So, to unsubscribe: Settings/User Settings/Research Subscriptions/Third Party Services. + +Seen a few comments about this rumored $15 but it is official, maybe this helps someone. +https://twitter.com/birdyword/status/1220597057414582272?s=21 + +Edit: some of you are waaay to angry about this, you to need to chill out. It’s just a thought provoking tweet. Take from it what you will... +Apes. I'm really happy to see that Steve Cohen and Point 72 are getting some attention. While we're at it, we need to talk about the fact that Susquehanna has continued to fly under the radar. Along with Melvin and Citadel, Susquehanna has the largest short position on GME. But what sets them apart? Citadel has $35 billion assets under management. Susquehanna has $633 billion assets under management. And guess who gets those assets when margin comes calling and they're forcefully liquidated? I'd also argue that Susquehanna has likely been the biggest player behind the scenes conducting fuckery to drag this thing out. + +On their 3/31 13F they showed 6,151,100 puts on GME, up from 4,882,600 on their 12/31 filing. These fuckers INCREASED their position by 25%. They deserve our attention. + +I get that Citadel, Melvin, and Point72 is much easier to spell, so how about this: Just use "Sus". It's both accurate and fitting. We need to see some lit up offices in Philly. We need DD on their positions, key players, and how they've responded over the last 6 months. And most importantly, we need memes putting them on blast and in front of every ape on this site. + +No more flying under the radar for Sus. +Hi guys, over the weekend I posted a hastily written but researched piece on EM1's affiliate marketing partnership, [here](https://www.reddit.com/r/ASX_Bets/comments/jgjqg5/emerge_gaming_ltd_asxem1/). I conducted further research over the weekend (it was raining, okay) and things got a bit clearer, and a bit worse. I am reasonably confident that: + +* EM1 have partnered with Crowd1 subsidiary TIM to market the EM1 platform under the MIGGSTER brand name, +* TIM is a Spain-based shell company of the UAE-based Crowd1 headquarters, +* Crowd1 is a multi-level marketing scheme, and TIM is a financial holding vehicle; this is borne out in the terms and conditions when you sign up for MIGGSTER, +* The millions of pre-registered users are coming from within the Crowd1 MLM participant user base, not the mobile gaming community, +* It is exceedingly doubtful how many of these millions of users will convert to paying customers and stay for any meaningful amount of time, +* EM1 has almost no legal capacity to collect payment from TIM, +* It is impossible that management do not understand what is going on here, so the important question *cui bono?* remains unanswered, but the answer is almost certainly "not longterm shareholders". + +However, I believe EM1 will continue to fool the market until *at least* January or February 2021. The MIGGSTER launch is November 14, so we can reasonably expect more price sensitive announcements based on this affiliate program. Once it goes live, one can probably even expect some users to sign on and stay for a few months which means the Q2 4C will look like it's pointing to the moon. It wouldn't be until the Q3 4C when the user base dissipates (if I'm correct) that the whole show collapses on itself and even by then we can reasonably expect management will have constructed a supporting narrative or the next best thing. + +Anyone able to share broker data for this ticker over the last few weeks would be doing the public a favour. + +Whether or not you think you can outpace the rest of the herd on this pyramid fiasco, please be aware that at least one of my readers has referred this on to ASIC. +24.92 percent down today.. + +Personally I invested even heavier after this drop. the drop is due to a 25% staff cut and they are exiting the home buying market (for now) + +But they sell other products they are planning on entering the brokerage sector and selling other financial products + they have 260 mil in monthly web traffic, they are the top dog in looking for homes online + +Free cash flow is going to come in from selling the homes at a loss, this can be used to expand their very promising IMT sector (2.8 billion) +The fact that almost everyone I know knows nothing about cryptocurreny except for maybe bitcoin (without even knowing what bitcoin does or really is) shows that we are still friggin early. All they might know is that it’s worth a lot as a “coin”. Other than that it’s completely blank for them. So be happy you guys! Lots of gains to be made😀 + +Edit: Thanks for all the awards guys, this community is awesome! +If you haven't heard about Spaceport, the space airport thing that Richard Branson and Elon are involved with then you're missing out. Elon is bound to tweet about Spaceport multiple times in the future and this coin is going to ZOOM! I've already aped and and am holding until the moon. We have already commenced the development of the browser based game and will be completed post launch with the assistance with our community. +​ + +From their website: On the search for somewhere to place your investment? $SCC has constructed a coin perfectly equipped to launch your portfolio into the cosmos. A Binance Smart Chain-powered token with a real usecase soon to be at completion is now here for your investment pleasure. + +Anyone else like Galactica as much as we do? +​ + +Tokenomics: + +5% Reflections , +4% Marketing/Dev (this will be used for game development and reward payment for the game), +3% Liquidity + +​ + +Spaceport Token Links: + +Website: www.spaceportcoinbsc.com + +Twitter: www.twitter.com/spaceportcoin + +Telegram: www.t.me/spaceportcoin + +​ +Obligatory: Not financial advice. I am merely pointing out some items I have stumbled across during my late nights reading regulatory documents. Much of what I will discuss is my speculative opinion on information I am reading and using deductive reasoning to put this information together. + +TL;dr FINRA confirms calls/puts used to create “synthetic shorts”. I have pointed this out in a prior DD but used a bad title on the post. See my profile or [this link](https://www.reddit.com/r/Superstonk/comments/ofmswd/finra_requests_comment_on_short_interest_position/?utm_source=share&utm_medium=web2x&context=3) for my past DD on this... + +Margin Debt has rocketed up just prior to the previous two recessions since 2000 (DOTCOM/Housing crashes) and it is currently on its largest rapid increase since the 2008 crash, but this time it is going substantially higher in a very short amount of time. When did this rapid margin debt ascent begin? When GME share pricing started turning glorious green in August of 2020. I believe Market Makers/Hedge Funds have been leveraging short sales in margin accounts on GME and other meme stocks and that is the cause of the current levels of margin debt. **Don’t want to read anymore? I don't blame you in the slightest. Look at the charts at the end of the post.** + +SKIP THIS PART IF YOU SAW MY LAST POST. + +# PUTS/CALLS Used as SYNTHETIC SHORTS and are NOT REPORTED, Confirmed by FINRA: + +[Regulatory Notice 21-19](https://www.finra.org/rules-guidance/notices/21-19) + +As my previous DD showed, FINRA has confirmed that synthetic shorts are being created through Call/Put Options and that information is not included in the current short interest reporting numbers. My apologies as I should have titled the post that way, so it got more visibility for those who wanted to see it. Direct quote from regulatory notice: + +**“enhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies.”** + +For additional information on Regulatory Notice 21-19, see my previous DD or go to the link above for the actual Regulatory Notice. + +OKAY, ON TO THE SUBJECT AT HAND: + +# What are Margin Accounts? + +“A customer who purchases securities may pay for the securities in full or may borrow part of the purchase price from his or her securities firm. If the customer chooses to borrow funds from a firm, the customer will open a margin account with the firm. The portion of the purchase price that the customer must deposit is called margin and is the customer’s initial equity in the account. The loan from the firm is secured by the securities that are purchased by the customer. **A customer may also enter into a short sale through a margin account, which involves the customer borrowing stock from a firm in order to sell it, hoping that the price will decline. Customers generally use margin to leverage their investments and increase their purchasing power. At the same time, customers who trade securities on margin incur the potential for higher losses.”** [FINRA Defines Margin Account](https://www.finra.org/investors/learn-to-invest/advanced-investing/purchasing-margin) + +# My Interpration of Current Margin Debt Levels and Why Levels are Rapidly Elevating + +Steady, slow increasing margin debt is expected in a robust and flourishing economy. It means the consensus is that the economy is strong and heading in the right direction and investors are willing to take on the risk associated with borrowing in a margin account because they feel the reward outweights the risk. Steadily declining margin debt would indicate the potential for a bear type sentiment or recession as investors are not willing to take on the risk of borrowing. + +I have not been able to find many well written articles on rapid increases or decreases to Margin Debt from reputable sources, so I have taken it upon myself to chart the monthly reported margin debt numbers compared to the monthly (1st of the month) S&P 500 share prices. As you will see below, we have had two recessions since 2000 with the DOTCOM/Housing crashes. Prior to the crashes, Margin Debt RAPIDLY increased just like it has been doing since August of 2020. However, the increase this time is even more rapid and at substantially higher levels. + +In prior years, Market Makers (MM), hedge funds (HF), etc. found that brick-and-mortar stores were a dying breed with the increase in online shopping and they realized they could make mountains (not piles) of money from naked shorting these businesses into a “[Death-Spiral](https://en.wikipedia.org/wiki/Death_spiral_financing)” where the ultimate result is the bankruptcy of the company, which means the borrowed shares do not need to be returned to the lender because the stock ceases to exist, which in turn leads to full profitability for the MM/HF aside from the fees associated with borrowing the stock to short. + +If you were a MM or HF and you have found it to be highly lucrative (especially when fines for naked shorting are peanuts compared to profits) to bury companies in a death spiral scenario EVERY TIME YOU DO IT (Blockbuster, Toys-R-Us, Sears, etc.) would you feel comfortable using margin to continue doing this to other businesses? Maybe shorting more than 140% of the available float of a company’s stock? I would not, but that is only because I am NOT a GIANT bag of shit. Remember, money sitting in the bank does nothing for these guys, it is best to have all your cash in play so you are making a profit on it versus losing value to inflation while sitting peacefully in a bank account. Some people would think that is a stupid idea (myself included), but if you had the ability to control a lot of the share pricing regarding securities through illegal and manipulative tactics, like MM’s do, you are not overly concerned with the risk. Especially when death spiraling has worked every time before. + +But what would happen if a company so severely shorted reimagined itself, found a large and dedicated shareholder base, and became profitable when the short interest is this high? Enter GAMESTOP. As you will see from the charts below, GME began showing significant positive share price movement in August of 2020. **What happened to Margin Debt when Gamestop share prices went up?** **Margin Debt abso-fucking-lutely EXPLODED**. + +&#x200B; + +[Margin Debt 1997 - Current \(Source: FINRA\)](https://preview.redd.it/6zyntbass7a71.jpg?width=558&format=pjpg&auto=webp&s=1ccb5a9307aeab561438a541af100e8794207275) + +[S&P Share Price 1997 - May 2021 \(Source: https:\/\/www.multpl.com\/s-p-500-historical-prices\/table\/by-month\)](https://preview.redd.it/1j6w8gf4t7a71.jpg?width=555&format=pjpg&auto=webp&s=30ecc48bbca580af33be9fb090e09cf92323f5b4) + +June margin debt numbers will be interesting to keep an eye on if we haven’t begun our long awaited journey by that time. The numbers should be released by the 15th of this month. + +My head hurts. + +Hedgies R Fuk’d. + +Tanks fo’ readin. +Hello. So my situation is that I have a pretty stable job but also a big mortgage. + +I have 3 to 6 months' cash on hand and with a stretch am able to put $2k per month in shares. + +I really want a thing. If I tell you what it is, you will mock me. It costs $14k. + +How do you decide when to splurge. To get it would mean saving for 7 months and not investing. I kinda feel like it's irresponsible but also, what if I get hit by a truck in a year. + +How do you decide when to splurge? + +Edit. Outdoor LED sauna. SO NICE. I can't even keep my own secrets 😂 +Hi guys, + +So it seems that most economists hate price controls as it leads to shortages for example. + +I’m not sure why that is but if I had to guess it’s because things are priced at less than what people are willing to pay them for, so they purchase more of what they need - also presumably because they don’t know how long the controls will last and will take advantage of it while it lasts. + +If this is the reason, I have a potential workaround and was wondering if it would work. + +Let’s say we price controlled food so that it was affordable for all and ALSO placed a limit as to how much you could take. Don’t we get the best of both worlds in this case? + +Food is affordable to all and there is no shortages of it? + +Would the issue be the political ramifications of this? + +I.e. businesses would leave the country etc… + +Thanks in advance. +I focus on the basics; being a business, taxes, government spending - but I know that economics has changed beyond basic supply and demand/ rational actor. I just don’t have a sense of priority with more modern content. +I come from a math background working as a data analyst right now. Lately, I've been getting more and more interested in economics and considering getting a master's. I really like learning about the material and I feel like it could be helpful in a data science job because of econometrics and also the stuff you learn about behavior of customers when there is a change in price/supply. However, I don't have formal background in economics and I also realize that masters' in economics is rather uncommon in the US. And I'm not even sure if I'm understanding economics correctly (probably not). + +At the moment I am debating between a masters in statistics and economics. I know exactly what to expect from a masters in statistics so I don't have any questions there. But for economics masters', I don't feel knowledgeable at all. + +So I would like to hear from economists working as data scientists. Did your econ background help you at all? Also, if you could go back, would you have gotten a degree in statistics or economics? And why? +My primary position went up huge over a two-day period due to a superior earnings report. Realizing where the stock is ultimately headed, I felt I had no choice but to buy back the calls. Of course, that decision completely wiped out the two days of gains in my underlying position. + +I have definitely lost more money on a trade before, but I've never lost big while my primary position was mooning. This is a special kind of pain I vow never to repeat. + +I will never sell covered calls again. They provide the illusion of safety, while simultaneously containing the same danger as any other kind of leverage. + +Losing money when a stock declines in price is pedestrian. Losing money when it moons is devastating. + +Update: You people are very convincing. I'm going to resell at a higher strike tomorrow, so a delayed roll up. + +Update: Rolled up. Sold SI 1/19/24 $200 Call. So 110% OTM for a 20% premium. +This [article](https://spintwig.com/spy-wheel-45-dte-cash-secured-options-backtest/) shows that buy and hold outperforms all thetagang style strategies. + +Am I missing something? Honestly asking, I just want to know if maybe this backtest was flawed. + +Thanks in advance! +Alright 🦍, time to let you all in on the next big thing: Vacay. We have huge announcements coming, maybe later today, perhaps this weekend, but you'll want to be in before the news breaks. Don't believe me, check back on Monday if it isn't too late. ⌛️ + +In just our first week, we have become one of the healthiest tokens on the BSC with some of the strongest and most stable growth over that period. + +We are now in active discussions with major players in the travel industry who have expressed exuberance and enthusiasm to join forces with the Vacay team. Who are they? You'll just have to wait and see, but it won't be long now. + +Our early investors are made up of professional businessmen who don't even know how to sell. Seriously, look at that chart. No initial dump after launch whatsoever. 📈 + +5.7M Market Cap with only 2700 holders. Our foundation is built upon professional investors with huge amounts of capital to support this project until it grows into an absolute behemoth of industry. 🌃 + +🦎 We were listed on CoinGecko in under 72 hours! 🦎 + +$20,000 USD (total value) Bora Bora trip and token giveaway! Make sure to check out our brand new website and socials for the details on how you can win! + +We just appointed a new Chief Operating Officer with major connections in the hospitality and casino industries. Please see our website for more details. + +_____________________________________________________ + +Quick list of our accomplishments so far: + +Launch: COMPLETE ✅ +Whitepaper: COMPLETE ✅ +Solidity Audit: SUCCESSFUL ✅ +Techrate Audit: SUCCESSFUL ✅ +3x Letters of Intent from official partners: SIGNED ✅ +Business Utility: CONFIRMED ✅ +CoinGecko: LISTED ✅ +CMC: COMING SOON ⌛️ + +If you've heard enough, here's the contract: 0xA3424FB48b9FA2FF8D3366eD91f36b4cDa7cAdd8 + +_____________________________________________________ + +However, if you really want to know what we're all about, and you should because I've never seen such a professional project on the BSC, read on fellow 🦍: + +What is Vacay (VACAY)? 🌴 + +TL;DR - You will be able to pay for your travel expenses with $VACAY + +Vacay aims to capitalize on the global tourism, travel, and hospitality industry, which is valued at approximately $9.25 trillion dollars, by leveraging the executive management team’s extensive experience and network in the industry to form strategic partnerships with hotel chains, airlines, rental car services and renowned restaurants around the world. This IS the perfect storm of a "reopening play". + +Tokenomics? 💰 + +Original Supply: 1,000,000,000 +50% Burn Before Launch - Current Supply: 500,000,000 +3% Transaction Tax: This tax is sent directly to Liquidity +Please note that our token has a relatively low supply and is NOT deflationary! +Staking will be coming in a future update. + +Who are the Founders of Vacay? 🏦 + +Paul Mulder (CEO), Johan Bleeksma (CFO), and Peter Keijzer (COO) are the founding members of Vacay. + +You can learn more about them on our website. As of the time of this writing, Paul is doxxed with a video, Peter's information is verifiable with google searches, and more info about our founders will be coming soon. + +Where Can I Buy Vacay? 💸 + +🥞https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xA3424FB48b9FA2FF8D3366eD91f36b4cDa7cAdd8 + +🐥 https://t.me/vacayfinance + +💬 https://www.vacay.finance/ + +📄 https://www.vacay.finance/post/whitepaper +Hello! I'm on the fence to what is the best/profitable route to start building my portfolio. I'm looking at two types of properties: + +1. REO for about 40k-50k (auction). May cost up to around 20k-30k to fix. + + 1. **Note**: I'll own this property outright. After fixing up the place, annual rent profit is potentially $12K - $17k +2. Buy a multi 2-3 unit ranging between 500k-750k + + 1. **Note**: I'll need to take out a 30 year fixed conventional loan. My cash and home equity will be the downpayment. Annual rent profit is potentially $20K - $30k. + +Thoughts? +Hello everyone I just recently hit one dollar a month and super excited towards my next goal of 10 dollars a month. Any advice for someone who is recently starting or on my current stocks. Thanks, also about to turn 16 +Currently my stocks +$mmm +$abbv +$afl +$cat +$clx +$cl +$cvs +$hd +$jnj +$jpm +$mcd +$mrk +$pep +$pfe +$o +$tgt +$ko +$vz +$wm +$sphd +$schd +EVERY SINGLE TIME I sell 0 dte iron condors on SPY... i lose.... + +&#x200B; + +So, here is the thing, i just decided to buy the condor this time, and low and behold, it looks like i will be walking away profitable. Wild. +I am not sure whether my query quality this sub. Mods please remove if it doesn’t. + +I am having a group insurance Medi Assist TPA which I claimed for my fathers surgery at Reliance hospital and cashless claim was approved. Before surgery they have collected 10k security deposit which they told will refund with in 45 days. + +Its been 90 days after the surgery and they have not refunded the security deposit. Upon asking hospital saying they have not received the claim amount from insurance company which they are following up and due to that they are not releasing my deposit. Hospital asking me to do followup with insurance company for the claim release. + +I am confused whether this is usual process or not. Since cashless claim is approved my part is over, right? Why I should followup with insurance company? + +If anyone have any idea please help. +[https://jacobinmag.com/2019/11/rent-control-housing-crisis-affordability-supply](https://jacobinmag.com/2019/11/rent-control-housing-crisis-affordability-supply) +No inauguration today so Citron *may* be able to pull their shit together for 11:30am + +[Seeking Alpha put out some retard level DD](https://seekingalpha.com/article/4400102-gamestop-ryan-cohens-next-chewy) + +[Chillman Boomer is calling us out](https://www.reddit.com/r/wallstreetbets/comments/l1wxey/cramer_challenges_wsb/) + +[And there's the fancy new WSB Mod twitter](https://twitter.com/wsbmod) + +Enjoy. +The pic below is Charles Schwab PFOF information. + +[https:\/\/content.schwab.com\/drupal\_dependencies\/psr\/606\/2021-Q4-Schwab-Quarterly-Report.pdf](https://preview.redd.it/xc6i067cdis81.png?width=1077&format=png&auto=webp&s=82c6be5ad4e117cb4a661f89b286f72f4d5f6a69) + +Edit - ah pricing is .0006 - cheaper than the .001 for normal hours - my error - user notified me in comments - too hard to change the pic above and it’s a minor minor detail - + +**I added up all the GME shares these big 6 own....** + +[Market Makers own less than 304,000 shares... ](https://preview.redd.it/x1gclt5reis81.png?width=697&format=png&auto=webp&s=9a2a77fb9496c3f668f5d30d8b74246e0fa01610) + +DFV owns more than Citadel, or Virtu, or G1.... Heck, UBS has 401 shares - most of yall have more GME than UBS.... + +[Its our company now... Hedgies have to deliver... ](https://preview.redd.it/4qobffhlfis81.png?width=733&format=png&auto=webp&s=8933b52ed11b6edb7c8fb6cfbe685f42e456b78a) + +**The march to zero liquidity was posted almost a year ago....** + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/n3ehw0\/the\_march\_to\_zero\_liquidity\_volume\_or\_bust\/](https://preview.redd.it/7vkg0916fis81.png?width=827&format=png&auto=webp&s=2d1c500d6dd2fab0e068aaa30646889a1675f899) + +**My theory... The ALGO works off the assets of the 6 big market makers. The ALGO is recycling the same shares over and over.** + +[300 in to 2.5million - lets call it 8 cycles... ](https://preview.redd.it/lwf2ogr2gis81.png?width=469&format=png&auto=webp&s=9a5702d032684067539e87c7b82645dfe1566069) + +Below is the GME 1 day chart from FRIDAY... + +[Okay... ](https://preview.redd.it/3mnd007tgis81.png?width=2468&format=png&auto=webp&s=4c2a2d9d2a0ea5c348ecbe65e6633be573b7cc0f) + +https://preview.redd.it/eugv9hndhis81.png?width=2474&format=png&auto=webp&s=a6c599ff278e8166b3f126425b0b019b77ea5852 + +https://preview.redd.it/v5z7fw7whis81.png?width=2486&format=png&auto=webp&s=a69994ba50150da17b65e219bb95a15f86fb34bd + +**The ALGO is working the same 300k shares over and over.** + +GME market cap on close of FRIDAY was $11.16BN. 300k shares = around $45m. + +$45M in to $11.16BN is .004%. EDIT .4pct - still less than half a percent they own - + +**The only real shares they own... is .004% of the entire company... I have a feeling that all the synthetics may be based off these 300k shares....** edit - apparently it’s .4pct - still a baby ass position - my math is retarddd + +&#x200B; + +[Thats money for APES... if true...](https://preview.redd.it/numpaghciis81.png?width=193&format=png&auto=webp&s=c412911806648b9d76d0b571877c66b5069f9ba0) + +Every time an APE DRS - that APE is pulling shares from the 300k... + +How do I know this???? We have sucked up all their shares... + +[Yass sold $4.5 million GME to us short... ](https://preview.redd.it/hbd21h9ejis81.png?width=1235&format=png&auto=webp&s=f77128a8803256876c7f5e38fea7d03bd4aef4a6) + +[They all look the same....](https://preview.redd.it/gwbok670kis81.png?width=1451&format=png&auto=webp&s=de3d5068951d78890a085420dec392c5d950f7fb) + +They all had millions and millions of shares... and now they have 300k... again UBS has 401 shares... why even report that??? + +**Oh you want more evidence to support my thesis...** + +Lets look at trading on FRIDAY - as you all know - we were pinned at $150 - this is a classic case of manipulation - they needed it below $150 on Friday so their options business made money - + +It got super dry FRIDAY afternoon... at some points there was only 1 or 2 trades per minutes on GME. + +https://preview.redd.it/y3kuprehkis81.png?width=387&format=png&auto=webp&s=bb1ed33ece10e32df01390f57e040d0007dc93e8 + +And to keep it under $150 they has to go really hard on options... + +[This was taken around 3:00pm yesterday.](https://preview.redd.it/93ieyzsokis81.png?width=1439&format=png&auto=webp&s=239e9a52e9332c8ebea2cd1868b2587cfa3f0bbf) + +The call IV was 21,000%, and the put IV was 11,000%. This is the highest I ever saw these numbers... + +Its a pressure cooker... + +And to top it all off... they cut retail off from buying the VXX yesterday... and they only cut us off when we are going to make money - So I think the VXX is gonna print Monday - + +And Id assume APES already have 300k shares in transfer/request - + +Looks like MOASS is next week... Get some sun... enjoy your last weekend as a poor. + +Lots of love MilkFUD... + +Edit - thanks for the awards - I love you APES - 🦍 🦧 🦍 drs 💎 🙌🏻 🦍 🚀 🌙 + +Edits - I changed the .004 to .4pct FOR Total Percentage of float - +Edits - the ah price is .0006 not .006 - ah is cheaper than regular hours. +To all the CA folk, this is Prop 10 2.0 + +https://ballotpedia.org/California_Local_Rent_Control_Initiative_(2020) + +It was previously called the Rental Affordability Act, but they just recently changed the wording to call it "California Local Rent Control Initiative". + +Prop 10 couldn't pass because the housing activists wanted a full repeal of Costa Hawkins, so the RAA is a watered down version. For some reason it's flying more under the radar and I am concerned a lot of rental property owners in CA aren't aware of it. Here is what the RAA does: + +1. Allows cities to enact "vacancy control" if they choose to. Housing activists are trying to get people on their side by saying that the RAA doesn't create rent control! And it's true, it does not create it. But if the RAA passes, and a city decides to create rent control, or if a city already has rent control, they have the ability to now apply vacancy control over units that are covered under their local rent control ordinance. This means that property owners who are impacted by this can no longer raise the rent to market rate even when there is a vacancy. And get this, it applies even when it's a long term rent controlled tenant who moves out. Say you have a property in SF, or Santa Monica, or Oakland, or Berkeley, and you have a long term tenant paying $700 on a $2,500 unit. He decides to up and leave. Well, under the RAA you won't be able to raise the rent EVEN WHEN THEY LEAVE. You can raise it only 15% over the first three years of a new tenancy + +2. Allows cities to enact single family home rent control!!! That's right you heard it. But there's a caveat. It exempts property owners who own "one or two residential units". That means your own primary residence is included. We don't know if they include out of state properties. The text doesn't say. + +The activists say they won't go after mom and pop landlords, hence the exemption. Really?! So, let's say I own and live in my own home but also own two rental single family homes. Yep under this new proposed law, I am no longer a mom and pop landlord, because I now own more than "two residential units" in total. So essentially, people with single family home rentals are at risk of having their rental under rent control AND vacancy control. If you are a single family investor in CA this ballot measure could strip you of all your rights. Imagine owning a SFH only to be told that the city you own it in is making it rent controlled, all because you own more than "two housing units". Have fun getting the tenant out! You will either have to "buy them out" or Ellis act/owner move-in eviction, which will cost tens of thousands of dollars. But cities are making it harder to do these as well. + +And if you are already a multi family property owner in CA, this could decimate your property value. Back in the 1980s, when vacancy control existed in places like Berkeley and San Francisco, apartment buildings lost 30-40% of value over night and never went up until the law was repealed. Don't let this new ballot measure fly under the radar. Fight against it! Donate to CAA or other organizations! +Hi everyone! + +Would like to ask the cons and pros of day trading for living. + +Please advise what are the challenges and benefits. + +Only day traders who depend their life on day trading please🤟🤟 +Ask any true ape if they are selling. + +The answer is a resounding no. + +The wholeeeee fucking globe, people from all over are invested in this butterfly in a mineshaft of a company, so NO ONE in their right mind would fucking sell their shares. + +The PRICE is—AND HAS ALWAYS BEEN— +#WRONG. + +Okay that is all folks, carry on AND of course: +#buythedip + +(Not financial advice.) + +Edit: *Fuuuck me* this really blew up; for any doubtful apes, look at the comments and updoots. No one sold, no one will sell until Valhalla is reached. 🌌 +EDIT 1: THE MODS DID NOT TAKE DOWN THE POST. THIS WAS A RESULT OF ME ATTEMPTING TO INCLUDE THE STORY BELOW IN EDIT 4 FROM A BLACKLISTED SITE ARTICLE WHICH CAUSED THE AUTOMOD TO DELETE THE POST. I hoped that the removal of the link fixed the text but it didn't, this is a Reddit issue, not a mod one. LAY OFF THE MOD NARRATIVE + +EDIT 2: Thank you everyone for the feedback so far; I posted this here as a means to incite further conversation and thoughts. I'm modifying this post as I go, understanding that certain elements are simply TOO speculative. + +EDIT 3: There seems to be concern in how I've represented **Swiss Re** as a reinsurer. I'd just like to confirm that they self-identify as such on most of their portals. You can verify this via a quick Google Search. They also [DO handle re/insurance asset management](https://www.swissre.com/our-business/managing-our-assets) contrary to what has been mentioned. + +EDIT 4: [BlackRock appears to be eyeing Credit Suisse fund management arm](https://www.reuters.com/article/us-credit-suisse-asset-management-m-a-ex-idUSKBN2BW2CT). I'll let you speculate what this may mean in relation to their existing relationship with Swiss Re + +EDIT 5: It is not my intention to make this community appear as a team of conspiracy theorists. There are some deep implications with the evidence that I've showcased that potentially show deeper interlinking between hundreds of the biggest companies. I couldn't possibly attempt to explain each and every single web, so I leave it to you to continue digging! + +EDIT 6: Look I get it, some of you feel that the fact we have tax havens around the world AREN'T a big deal. What is interesting however is that all these players are registered to the same place, and it appears that the government wants to do something about it + +EDIT 7 (April 12th, 2021): We now have the inclusion of **Mr. Gary Gensler** to the mix who will be heading the SEC starting the 19th of April (talk about timing huh). He specializes in cryptocurrencies and darkpools - but more importantly he was the only that finally called on the banks during the 2008 recession: [https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/](https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/) + +EDIT 8: In-case you're curious, the former SEC chairman, **Jay Clayton** (brought in during the Trump administration) just took a job at **Apollo Global Management** (which \[Tiger Global Management\] holds a 14.8% stake in, making them the largest shareholder of Apollo other than a private holdings company from Apollo themselves (BRH) ([https://fintel.io/so/us/apo](https://fintel.io/so/us/apo))); + +Lets not forget about **Mr. Heath Tarbert**, who was the former chairmen of the CFTC (Commodity Futures Trading Commission) who just got hired by Kenny boy as one of his Chief Legal Officers at Citadel not even 2 weeks ago. **Heath** had this to say about his friend **Jay Clayton**. + +>“It has been an honor to serve alongside Jay Clayton. He is one of the smartest and most capable transactional attorneys in the country and an even better colleague and friend. As leaders of the SEC and CFTC, we have worked together closely to harmonize our rules where appropriate and hold wrongdoers accountable. + +Directly from the cftc site: [https://cftc.gov/PressRoom/PressReleases/8310-20](https://cftc.gov/PressRoom/PressReleases/8310-20) . Still not a conflict of interest? + +&#x200B; + +Now back to the post, + +**Citadel, BlackRock, Susquehanna, and many others are intricately connected through a variety of sources; namely offshore tax havens as proven through the Panama & Paradise Papers. I attempt to piece together what I believe is the reason we are seeing certain behavior from each of these parties.** + +**What you're about to read is MY ATTEMPT to amalgamate multiple pieces of DD by various users from across multiple subs, discord and private discussions in an attempt to piece together what may be happening behind the scenes in the darkside of the financial world. THIS DOES NOT MEAN IT'S 100% RIGHT, SIMPLY MY THOUGHTS ON HOW ALL THESE ELEMENTS MAY PIECE TOGETHER.** + +I INTEND FOR THIS TO BE THE START OF A FRAMEWORK THAT GETS DEVELOPED OVER TIME. I HOPE TO PROVIDE A STARTING POINT. + +**Now grab yourself a beer and strap in, this is about to get crazy. 👨‍🚀👩‍🚀** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This is an incredibly complicated web with MULTIPLE moving pieces. I will attempt to streamline the findings as much as possible to ease of understanding. + +&#x200B; + +1. Introduction; Prerequisites +2. Follow The Money +3. Let's take a trip to the Cayman Islands and Back Again +4. The Ugland House +5. A New Foe Has Appeared +6. Familiar Faces +7. What does this mean for apes? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 1. INTRODUCTION** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +As a prerequisite I highly recommend reading through [/u/atobitt](https://www.reddit.com/user/atobitt) 's "[The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)" whitepaper. It provides a lot of context as to what's going on under the hood and gets you primed for this post. I'd also highly recommend reading through [/u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid) 's DD "[The Missing 🧩](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/gtneg3m/?context=3)"; for an understanding of how much deeper this potentially goes. Lastly thank you to [/u/tropicalsecret](https://www.reddit.com/user/tropicalsecret) for helping me hash out some missing pieces and their [investigative work](https://www.reddit.com/r/Superstonk/comments/mnlvhf/here_is_all_the_arms_of_susquehanna/) as well. + +My name is [/u/sharkbaitlol](https://www.reddit.com/user/sharkbaitlol) and over the last couple of weeks or so I've prioritized investigating this story further while putting my consultancy on hold - I feel that this is the start of something bigger than any of us can imagine that can improve ours, and our children's lives. I've prided myself in my career as a data scientist and a lifelong gamer in being able to pick up on patterns. I hope that I'm able to help support our community further with this DD. Special thank you to all those who have contributed their time and expertise to getting us this far. I will be referencing other DD written and hope you understand that even if not mentioned, almost every single DD post written by apes has helped getting us closer to the truth. + +&#x200B; + +**With that being said, lets jump in.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 2. FOLLOW THE MONEY** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +As we know **Sus**quehanna has been of interest in recent weeks due to their suspicious nature of their position within the GME saga. This suspicion grew quickly when some Redditors pointed out that Dr. Burry may have been pointing a finger at Susquehanna through a hidden message on [Twitter](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/) (whether this is really what was happening is up to you) - now we have **Sus** attempting to [appeal new DTCC regulations](https://www.reddit.com/r/Wallstreetbetsnew/comments/mmh5jb/susquehanna_is_sus_part_2_elia_the_occ801_rule/) **SR-OCC-2021-003** to make things even weirder. Their growing position prompted me me to start doing a deep dive on their positions across the market; particularly how they've [DOUBLED](https://i.imgur.com/KEE1ZQl.png) in size since the start of the pandemic, parties of association, and conflict of interest across the stock market. What I was able to find has left me baffled at how interconnected all this actually is. **Remember this throughout this post, THERE ARE NO COINCINDICES.** + +We begin by looking at **Sus**quehanna's filings to the SEC. We're able to figure out that they break down into multiple connections with the following: + +&#x200B; + +* Susquehanna Investment Group +* Susquehanna Securities, LLC +* **Capital Ventures International** +* Susquehanna Advisors Group, Inc +* CVI Opportunities Fund I, LLLP +* G1 Execution Services, LLC +* Darby Financial Products + +Now I've highlighted Capital Ventures International **(CVI)** as this will be our main point of interest of now for the peculiar reason that they're based out of **Cayman Islands.** You know, that little island of 64k people where Citadel is laundering bonds? Yeah it turns out they're not the only ones, not by a long shot. + +[\\"The ultimate beneficial owners of Susquehanna and CVI are substantially the same\\". Source: Finra](https://preview.redd.it/uj4px3tl8hs61.png?width=703&format=png&auto=webp&s=aa693f06904bd495f05e773fbd954c580677b2d5) + +You can find the source for the address on BrokerCheck Report [here](https://files.brokercheck.finra.org/firm/firm_35865.pdf) under Finra's website. What they're saying basically saying is that description at the end there, is that Susquehanna Financial and CVI are beneficially owned by the same company (fancy speak for have 25% or more total control of the company); CVI hold around [$839 million.](https://fintel.io/i/cvi-investments) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 3. LET'S TAKE A TRIP TO THE CAYMAN ISLANDS AND BACK AGAIN** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Great now that we understand that CVI is in bed with Susquehanna and owned by them; lets go a layer deeper. It's mentioned that this address is located at **Winward 1, Regatta Office Park, Grand Cayman, Cayman Islands.** I was genuinely curious if this address was even real; after a quick Google search, none other than the **PARADISE PAPERS** come up. Remember the massive investigation that exposed some of the most powerful leaders to tax havens around the world? + +[Offshoreleaks](https://offshoreleaks.icij.org/) is a pretty amazing website that allows you to do a network visualization to see who's connected with what. So we start digging; *keep in mind that the data from these papers are from 2014 so some names/elements have been slightly modified since then.* + +[We connected directly to someone named William Walmsley. Source: Offshoreleaks](https://preview.redd.it/je2dzgbn8hs61.png?width=1174&format=png&auto=webp&s=c9bc1b50175baaad96fb658ad807da37fd0a8f4b) + +You'll notice that **Mr. Walmsley** comes up a few times throughout this post, but for now we see that he's connected to this address that CVI is registered to. We can confirm his participation in CVI via a **13G FILING** through the **SEC**. + +He's the director of CVI as seen [here](https://www.sec.gov/Archives/edgar/data/1649553/000110465919006973/a19-4181_31sc13g.htm). + +https://preview.redd.it/yrsl1u9qchs61.png?width=1341&format=png&auto=webp&s=7fb91baef9bc9b5f159958496da49246d3c4bb2c + +***EDIT: FURTHER VALIDATION OF APOLLO INVESTMENTS LIMITED REQUIRED. THIS APPEARS TO BE A REGISTERED ENTITY IN THE CAYMAN ISLANDS AS A SHELL NAME. I CANNOT CONFIRM IF THIS IS ACTUALLY THE APOLLO INVESTMENTS MENTIONED BELOW YET. THERE'S MANY NAMES THAT COME CLOSE TO THIS SHELL COMPANY YOU SEE HERE. WE GET APOLLO VALUE INVESTMENT Offshore Fund LTD, WHICH IS AS YOU GUESSED - ANOTHER OFFSHORE SHELL COMPANY IN THE CAYMAN ISLANDS. YOU EITHER CHOOSE TO BELIEVE THAT THEY HAVE A COMPANY CALLED APOLLO INVEMENTS LIMITED BY CHANCE, OR THAT IT HAS SOMETHING TO DO WITH APOLLO INVESTMENTS. EVEN WITHOUT THIS PIECE WE STILL SEE APOLLO'S HAND IN THE UGLAND HOUSE:*** [***https://whalewisdom.com/filer/apollo-total-return-co-investors-a-lp***](https://whalewisdom.com/filer/apollo-total-return-co-investors-a-lp) + +We see a second address come up in the above screenshot for a place called the **"Ugland House"** located in the Cayman Islands in this filing associated with CVI. Hold that thought for now, we'll go over it soon. + +Going back our network visualization screen shot with Mr. Walmsley, he leads us to yet another connection called **"Apollo Investments**" (you'll notice that CVI isn't on that screenshot, this is because the first filings we see for CVI is at the end of year 2017 whereas the Paradise Papers were published prior to that). "Apollo Investments" will be the next piece of the puzzle. + +So who are they? Well we know they manage about $13bn and invest mostly in finance, industrials, and information technology (top buys being SPY puts (oof, there goes a chunk of change)) *\[just want to clarify here that Apollo Investments is directly affiliated with Apollo Management, you get redirected on their site to the main Apollo Page\].* + +**So to recap we know that Mr. Walmsley is located in the Cayman Islands, Director of CVI which is owned by Susquehanna, AND some sort of senior title in a a company called Apollo Investment.** + +&#x200B; + +EDIT: For a whole another rabbit hole check out **Jay Clayton** who was chairman of the SEC (as instated during the **TRUMP** administration) who now works for Apollo: [https://en.wikipedia.org/wiki/Jay\_Clayton\_(attorney)](https://en.wikipedia.org/wiki/Jay_Clayton_(attorney)) with the following description: " In February 2021, [Apollo Global Management](https://en.wikipedia.org/wiki/Apollo_Global_Management) appointed Clayton to the newly created role of lead independent director on its board " + +Lets not forget about **Mr. Heath Tarbert**, who was the former chairmen of the CFTC (Commodity Futures Trading Commission) who just got hired by Kenny boy as one of his Chief Legal Officers at Citadel not even 2 weeks ago. **Heath** had this to say about his friend **Jay Clayton**. + +>“It has been an honor to serve alongside Jay Clayton. He is one of the smartest and most capable transactional attorneys in the country and an even better colleague and friend. As leaders of the SEC and CFTC, we have worked together closely to harmonize our rules where appropriate and hold wrongdoers accountable. + +Directly from the cftc site: [https://cftc.gov/PressRoom/PressReleases/8310-20](https://cftc.gov/PressRoom/PressReleases/8310-20) . Still not a conflict of interest? + +&#x200B; + +EDIT 2: Maybe I'm just cherry picking information here, but we see that Citadel had hired Apollo's head of corporate credit trade in the last 2 years; check out this excerpt " + +>Since joining Citadel in 2019, Salame, one of Wall Street’s most prominent trading executives, has expanded the credit team amid a hiring spree at the firm. He last week hired Prakash Narayanan from CQS, who was one of Michael Hintze’s top performers. David Casner joined from Goldman Sachs Group Inc. **last year as head of convertible bonds and equity volatility.**" + +Interesting.. Head of convertible bonds and equity volatility... + +[https://www.chicagobusiness.com/finance-banking/citadel-hires-apollos-head-corporate-credit-trading](https://www.chicagobusiness.com/finance-banking/citadel-hires-apollos-head-corporate-credit-trading) + +&#x200B; + +&#x200B; + +Now have a look at who are the [majority stakeholders](https://fintel.io/so/us/apo%201%20c38) are of **Apollo Global Management:** + +[Hmmm, some familiar faces. Source: Fintel](https://preview.redd.it/opu7bsip8hs61.png?width=981&format=png&auto=webp&s=77e5d78bf2272a6886e22248131749b7e4cd2fc1) + +Wait... TIGER GLOBAL MANAGEMENT? Hasn't one of the Tiger Cubs associated with them -- you know, just gotten blown up? More on [The Archegos phiasco](https://finance.yahoo.com/news/rattled-archegos-stocks-investable-again-201150296.html) and how they screwed **Credit Suisse**. How VANGUARD is associated here, I'm not exactly sure yet... + +**Remember how I said there's no coincidences?** Lets have a look where both **APOLLO** and **TIGER GLOBAL MANAGEMENT** are located in New York. + +**INTRODUCING THE SOLOW BUILDING** + +[I can't remember where I saw it, but I believe Mr. Walmsley had something to do with Highland Capital too. I have hundreds of tabs open guys you'll have to give me a pass on this one. Source: Wikipedia](https://preview.redd.it/n0bywa0r8hs61.png?width=852&format=png&auto=webp&s=f32f2f8de1c3b0a12330dd3aab0efa5869b05e3a) + +We'll totally ignore the other tenants for now; although I'm sure they have their hand in the cookie jar haha (cough\* Chanel, cough\* Bombardier). But lo and behold, one of the largest holders of **Apollo** are the Tigers which happen to be in the same building. [What a story](https://www.youtube.com/watch?v=ddu4Gj3hmgc) huh. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SIDE QUEST TIME** + +**Marc Rowan** of **Apollo** became the new CEO just back in February of this year after the old CEO **Leon Black** stepped down due to links to "the late financier and convicted sex offender **J3FFR3Y 3PST3IN**". [WHAT LOL](https://www.reuters.com/article/us-apollo-global-ceo-idUSKBN2AO2XF). + +Rowan was also quoted saying the following during a **Credit Suisse Financial Services Forum:** + +>“The opportunity, nothing other than that, and in the middle of a pandemic taking a sabbatical is never a good idea,” Rowan said during the **Credit Suisse Financial Services Forum** when asked why he wanted the role. + +&#x200B; + +[JUST WHEN YOU THOUGHT IT COULDN'T GET CRAZIER. Source: Reuters](https://preview.redd.it/usiabvps8hs61.png?width=956&format=png&auto=webp&s=1041a9ba3cdb41004d191f9bf8c308661f95bd0e) + +**SIDE QUEST PART 2** + +Tiger Global Management's Executive **Scott Shleifer** in the last month purchased a lovely $132 million dollar Palm Beach house on a piece of land owned by the former President. He also owns 14.8% of **Apollo Global Managment:**[SEC 13G/A Filing](https://sec.report/Document/0000919574-21-001610/) + +&#x200B; + +[Sounds like someone we know, \*cough Ken\*. Source: Bloomberg](https://preview.redd.it/pthryabv8hs61.png?width=629&format=png&auto=webp&s=3338924d3d43eb65d968c23de215b1ff62453790) + +&#x200B; + +**HOLD YOUR BREATHE, WE'RE GOING DEEPER** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 4. THE UGLAND HOUSE** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Let's go back to that other address we saw registered with CVI Investments; we see another business address labelled under a place called the **"Ugland House, Grand Cayman, Cayman Islands"**. I did some more research around this place and SURPRISE, right back to the **Paradise Papers** we go. + +https://preview.redd.it/bn2g8g0y8hs61.png?width=1341&format=png&auto=webp&s=976494dea948c3d3e40f4d253ba889222718f48e + +This place is so **COOL** that it has it's own Wikipedia page! [https://en.wikipedia.org/wiki/Ugland\_House](https://en.wikipedia.org/wiki/Ugland_House) + +I love this quote from Wikipedia on it: + +>" During his first presidential campaign, U.S. President [Barack 0bama](https://en.wikipedia.org/wiki/Barack_Obama) referred to Ugland House as "the biggest tax scam in the world", raising questions over the number of companies with a registered office in the building." + +Here's a picture of this monster sized building that houses **40,000 entities and businesses** + +[Where do you think they fit all of them?](https://preview.redd.it/juhw8s219hs61.jpg?width=1024&format=pjpg&auto=webp&s=0f8b0ccc24cd7ea9a3c2210c88e74d1c6a0d91d7) + +So lets see what's connected to this address + +That EXACT address (the exact way it was written out on the CVI document), is linked to a company called **MOUSSESCALE** which is owned by **Mousse Partners**. REMEMBER, there's thousands of businesses registered here, but they seem to have some variants or "locations" within the Ugland House. However guess where the Mousse Partners NY office is... 9 West 57th street which is... + +https://preview.redd.it/nj3z25g59hs61.png?width=463&format=png&auto=webp&s=98ebad8992d1e1cbe56a0b6ddcb9433850b63324 + +REMEMBER NO COINCIDENCES + +BTW look what's just around the corner of the Solow building + +[maybe just a coincidence, New York is a small place](https://preview.redd.it/o709v7na9hs61.png?width=316&format=png&auto=webp&s=de1d7224f0d4276daf5d01c43a3d261b4e085677) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**ANOTHER SIDE QUEST** + +Did I also mention that the Chief Investment Officer of **Mousse Partner Limited**, **Suzi Kwon Cohen (can't make this up),** was the principal at **Credit Suisse** in Private Equity? Just 2 floors below **Apollo?** + +There's also only 44 people that work at Mousse Partners... Man what are the *chances*. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**FUN FACT** + +**Sus**quehanna has associations with other "[organization affiliates](https://files.brokercheck.finra.org/firm/firm_35865.pdf) (see **"SAL Trading, LLC"; "DARBY FINANCIAL PRODUCTS"; "SIG STRUCTURED PRODUCTS, LLLP**") at **1201 N Orange St, Wilmington, DE, USA.** You can read all about those shenanigans here: [https://en.wikipedia.org/wiki/Corporation\_Trust\_Center\_(CT\_Corporation)](https://en.wikipedia.org/wiki/Corporation_Trust_Center_(CT_Corporation)) + +Spoiler, it's another tax loophole right in Delaware's backyard with 285,000 separate businesses registered to it. + +**EDIT: Some people seem to think this is a null point; it is your opinion on whether you think this is right or wrong even if it's a legal loophole. This location has been linked to 9.5 billion dollars of taxes have been evaded as a result of this location (as of 2012).** + +Here's the behemoth of a building that houses 285k businesses. + +[I hope they have enough parking space for everyone](https://preview.redd.it/f3c09jwd9hs61.jpg?width=2560&format=pjpg&auto=webp&s=78d8ce5409e0fc6c2ef5c39f1f8c526c5acd6edd) + +**I CAN'T BELIEVE I'M SAYING THIS, BUT WE'RE GOING EVEN DEEPER** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 5. A NEW FOE HAS APPEARED ----- TREAD LIGHTLY, SOME ELEMENTS HERE LIKE THE BLACKROCK -> CITADEL COMPONENTS ARE SPECULATIVE** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now how is **Citadel** involved with all this you may wonder? Well as it turns out, they have an entity tied to the **Ugland** house as well; that's right the same exact building that Apollo and CVI (Susquehanna) are connected to. [\[Citadel Kensington Global is a direct subsidiary of Citadel\]](https://whalewisdom.com/filer/citadel-kensington-global-strategies-fund-ltd) who are due for another D/A filing sometime in May. They manage a cool 17bn. + +[Turns out Citadel is doing some business overseas](https://preview.redd.it/7yerskyg9hs61.png?width=788&format=png&auto=webp&s=449638a65214090de733db68847ab33857716ab7) + +Now we start to getting into [/u/atobitt](https://www.reddit.com/user/atobitt) 's territory of the "EVERYTHING Short" research. They're (Citadel) operating out of multiple places in the **Cayman Islands** and the **Ugland House** is the prime destination. They're flipping bonds here and making bank. + +Now GUESS who we build a direct connection to? + +[Wait a minute, what's BlackRock doing here?](https://preview.redd.it/qofbn2hh9hs61.png?width=1870&format=png&auto=webp&s=cdc0cee399c1623e461f81b4924ff514d424bf53) + +As it turns out BlackRock is the owner of a company called **Swiss Re**. Now who's **Swiss Re**? + +Directly from their [Wikipedia Page:](https://en.wikipedia.org/wiki/Swiss_Re) + +*The Swiss Reinsurance Company of Zurich was founded on 19 December 1863 by the Helvetia General Insurance Company (now known as* [*Helvetia Versicherungen*](https://en.wikipedia.org/wiki/Helvetia)*) in* [*St. Gallen*](https://en.wikipedia.org/wiki/St._Gallen)*,* ***the Schweizerische Kreditanstalt (***[***Credit Suisse***](https://en.wikipedia.org/wiki/Credit_Suisse)***) in*** [***Zurich***](https://en.wikipedia.org/wiki/Zurich) *and the Basler Handelsbank (predecessor of* [*UBS AG*](https://en.wikipedia.org/wiki/UBS_AG)*) in* [*Basel*](https://en.wikipedia.org/wiki/Basel)*.* + +That's right, **Swiss Re** was formed by none other than **CREDIT SUISSE** + +Some more on them: + +They're basically something called a *reinsurer.* In-case you're not familiar: + +*A* ***reinsurer*** *is an insurance company that insures the risks of other insurance companies. A cedant is an insurer who transfers all or part of a risk to a* ***reinsurer***\*. The\* ***reinsurer*** *covers all the insurance policies coming within the scope of the reinsurance contract.* + +They're the insurance, FOR the insurance. Why is this important? Look who owns them as of 2012 [\[BlackRock\]](https://ir.blackrock.com/news-and-events/press-releases/press-releases-details/2012/BlackRock-to-Acquire-Swiss-Re-Private-Equity-Partners-AG-Announces-Strategic-Alternative-Investment-Partnership-with-Swiss-Re-Enhances-Private-Equity-Fund-of-Funds-Capabilities-Deepens-Presence-in-Switzerland/default.aspx). I should also mention at this point that **Swiss Re** manages a cool $240bn in assets as of 2019 - nothing to be scoffed at. Add to the fact that 39% of their investments are in government bonds, and 27% in credit bonds; *directly from their* [investor presentation](https://www.swissre.com/dam/jcr:205daff9-56f9-445f-a2cd-9d3aba31253e/fy-2020-slides-presentation-doc.pdf)*:* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 6. FAMILIAR FACES -------- PLEASE NOTE THAT THIS COMPONENT IS PURELY MY SPECULATION ON THE MATTER YET AGAIN; WE CANNOT DEFINITELY SAY FOR CERTAIN THAT THIS CONNECTION BETWEEN BLACKROCK + SWISS RE AND CITADEL + PALAFOX EXISTS. UNFORTUNATELY THE DATA FROM THE PARADISE PAPERS AREN'T RECENT ENOUGH** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Now that we understand who Swiss Re is; INTROOOOOOODUCING OUR BACK-TO-BACK ALL-STAR, PALAFOX TRADING LLC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!** + +Already made infamous in the "EVERYTHING Short" post once again, **Palafox** has been acting as a direct proxy for **Citadel** as a means to rehypothecate bonds to quickly cash out and add liquidity to the market. + +Now how do THEY connect? First we see that the public accountant is a company called Pricewaterhousecoopers which work with **Palafox**. **EDIT HERE: Thank you to the community for helping clear this point up. We know that this may be a null conclusion considering PWC works across a multitude of clients across the world. For now all that we can say for certain in this section is that Citadel & BlackRock have registered entities to the Ugland House. Do with that information what you will. THIS DOES NOT NECESSARILY MEAN THEY HAVE ANYTHING TO DO WITH EACH OTHER. REMEMBER 40K BUSINESSES ARE REGISTERED HERE!** + +Now lets zoom out on the network visualization from earlier that connect BlackRock with Citadel through the **Ugland House.** + +![img](9xf86o4n9hs61 " +") + +EDIT: REMOVED SECTION ATTEMPTING TO EXPLAIN THE CONNECTION AS IT WAS TOO SPECULATIVE. JUST KNOW FOR NOW THAT BOTH MEMBERS HAVE ENTITIES ARE REGISTERED TO THE SAME TWO LOCATIONS IN CAYMAN ISLANDS AND BAHAMAS + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 7. WHAT DOES THIS MEAN FOR APES** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I believe the connection between **Susquehanna > CVI > Apollo > Tiger Global Management**\> **Credit Suisse > Swiss Re > Citadel > BlackRock** is incredibly complex and has many moving pieces beyond what any of us imagined. I believe that there is a 5D game of chess being played, and apes are just a pawn that is plowing the way to victory. **IT IS IN MY OPINION** that **BlackRock** isn't just looking to kill off **Mevlin. I think they may be working with the government + fed(which has been shown they've done on occasion) to make some major changes happen to the market. What's the end goal? It's not entirely obvious to me yet. You can read a bit more about it on Bloomberg under the title "Why BlackRock is now the 'fourth branch of government' ". Sorry I'd post the link but I don't want automoderator to kick in again (just google that title).** + +As I was compiling this information look for no further than the POTUS himself for confirmation bias just from 3 days ago: SKIP TO 38:20 OR SO [https://twitter.com/potus/status/1379857925875888128?s=21](https://twitter.com/potus/status/1379857925875888128?s=21) + +>*I've also proposed a global minimum tax... Let me tell you what the means, that means companies won't be able to hide their incomes in places like the Cayman Islands or Bermuda* + +**EDIT (April 12th, 2021):** We now have the inclusion of **Mr. Gary Gensler** to the mix who will be heading the SEC starting the 19th of April (talk about timing huh). He specializes in cryptocurrencies and darkpools - but more importantly he was the only that finally called on the banks during the 2008 recession: [https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/](https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/) + +&#x200B; + +TLDR; I think there's a lot of shady things going on in the world. Whether you believe all of it, or none of it; JUST HODL. I hope this framework can help you start your own research in figuring out what we're dealing with here! + +&#x200B; + +We are approaching something huge apes. Diamond Fucking Hands 💎✋🦍 +Waiting for some checks to clear but I had $60. Decided best use of it is to just get some cheap food at the store and stretch it over the weekend. Figured I hadn't had a "sandwich week" in a while so got some ingredients. + +So of course my total comes to $61 and im like "seriously?" + +She hands the cashier $4 and says you can't have sandwiches without chips. I'm trying to think how to pay it forward because this recession has not been kind to me. I might just donate it to the non profit I'm involved in and tell the story because like, people lost a lot of empathy during covid and small gestures like that hit way harder then before. I wished her a merry thanksgiving but need to keep a eye out for them in the future. +Seems odd that all of us poor people on reddit are saying that Hedge Funds are bad and they rarely beat the SPY anyway + +but if that was trully the case, why would the rich entrust their millions to Hedge Funds and other similar institutions? + +seems like a lot of people downplay the fact that you give a fund money, they take a cut and they make you money BUT if this is how the "rich" handle their investments why shouldnt the poor people do it also? + +seems like more "poor" people lose money trying to make money than actually make money + + + +Edit: **u/Ronaldoooope makes a great point** + + +*I know we focus on percentages but 1% of 100 million is quite the gain compared to 1% of 1000* + +I'm assuming the "rich" are a lot more okay with *only* making 5% a year when that 5% is coming from a portfolio of $10 Million + +for the lazy, its $500,000 a year or one VERY expensive Lambo +I want everything we state to be as accurate as possible in order to eliminate any chance that the narrative of retail investors being “conspiracy theorists”, “dumb money”, or whatever other derogatory term being used is rendered worthless and without merit. Give them nothing to use as ammo. + +Regardless, I will continue to BUY more shares through Computershare and HOLD them forever. I don’t want unethical, fraudulent entities to be able to use my shares to destroy the company I love. + +💎🖕 + +Get rekd, hedgies. + +EDIT: These are not technically “disclosures”! I had read a couple things that confidently stated that these were disclosures and seemed to be legitimate, but that is not correct! + +These are allegations in the amended class action complaint that are based on information obtained through the litigation which has a high probability of being proven true through the litigation, but remain unproven until the litigation is resolved. + +Most of the allegations appear to be based on actual documentary evidence, so there is a high probability they are true. + +Many thanks to wrinkly legal brain u/veradico for helping set the record straight. Check out his comments on this post for further clarification. + +This is what I get for making claims about something that is not in my lane, but I appreciate this community for questioning and verifying things that smooth brains like me confidently (and incorrectly) post. +S&P just downgraded Evergrande to “Selective Default” so at least some of their bonds can’t be used for collateral anymore. This might be another interesting step on the road to Fukt City for Evergrande. Although it seems that they seemingly have endless steps to take before an *official*\-official default. I need someone smarter than me (which won't be hard to find) to iron out the details of what this might mean. + +https://preview.redd.it/m3spif7uu2681.png?width=870&format=png&auto=webp&s=05f82fa715fca6526f49862caaa669cf2807e832 + +Info provided by u/jollyradar + +&#x200B; + +https://preview.redd.it/dw626umnu2681.png?width=602&format=png&auto=webp&s=8c571bd102e0a0f56a867865de206dfb98cf7ad5 + +>!Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. Buy. Hold. DRS. Hedgies r fuk. !< +THE PURGE IS OVER. VICTORY WAS NEARLY STOLEN IN THE FINAL MOMENTS, BUT IT HAS NOT HAPPENED. + +ALL HAIL [/U/MOTHERFUCK3RJONES](https://www.reddit.com/u/motherfuck3rjones/) WHO MADE THE DECISION TO GOT FOR IOU. A SHARE WHICH HAD AN INEXPLICABLE JUMP THIS WEEK, ENDING A MASSIVE 97.8% UP. THEY SHALL BE APPLAUDED AND SHALL OF COURSE RECEIVED THEIR SHINY SHINY WINNERS PRIZE. AND BY SHINY, WE MEAN REALLY DULL AND MADE OUT OF THE CRAPPIEST WOOD OR WOOD SUBSTITUTE WE COULD FIND. + +HOWEVER, THEY WERE CLOSELY FOLLOWED BY OUR ALMOST FAMOUS [/U/ESQUATCHO\_MUNDO](https://www.reddit.com/u/Esquatcho_Mundo/) WHO CHOSE EFEOA, WHICH HAD A VERY RESPECTABLE 80% RISE OVER THE COURSE OF THE WEEK. FOLLOWED BY [/U/DEEPESTDESCENT](https://www.reddit.com/u/deepestdescent/) WHO'S CHOICE OF DEL WAS 53.4%. FOLLOWED IN THE READ BY ANL BY [/U/OUTRAGEOUS\_JUNKET817](https://www.reddit.com/u/Outrageous_Junket817/) WHO SOMEHOW MANAGED TO KEEP A HOLD OF THEIR 50% RISE. + +THE MODS WILL NOW GO THROUGH A SPECIAL CASE. [/U/ASHLEY\_SOPHIA](https://www.reddit.com/u/ASHLEY_SOPHIA/) CHOSE CDD. WHICH WAS RECENTLY SOLD, IT STARTED THE WEEK AT $1.965,THEN DECAPITALISED, ISSUED A $1.7 PER SHARE CAPITAL RETURN AND THEN PUT BACK ON THE MARKET AT 22C. IT WAS THUS DECIDED TO SHOW HER TWICE IN THE LEADER BOARDS, ONCE, WITH THE CAPITAL RETURN IGNORED, SHOWING A -85.5%. THE OTHER IS THE ACTUAL VALUE, WHICH SHOWS A 1% RISE. ASSUMING THAT [/U/ASHLEY\_SOPHIA](https://www.reddit.com/u/ASHLEY_SOPHIA/) IS IN FACT AN OWNER OF CDD, THEIR FINAL VALUE WOULD BE $1.985, A VERY SMALL RISE. BUT FOR THEIR STUPIDITY AND FAILURE TO THINK ABOUT THE EFFECT ON OUR MODS PRECIOUS SPREADSHEETS. [/U/ASHLEY\_SOPHIA](https://www.reddit.com/u/ASHLEY_SOPHIA/) IS BANNED FOR A MONTH. + +NOW FOR THE FINAL ONE. THE VICTIM. [/U/LOGOFPOO](https://www.reddit.com/u/LOGOFPOO/) SADLY CHOSE TEM. A MINERAL EXPLORER WHICH SUFFERED ONLY AN 8.3% DROP UNTIL TODAY....THEN CAME TODAY. WITH A DRILL EXPLORATION RESULT THAT MY RESIDENT DRILLING EXPERT MOD HAS EXPLAINED WAS "LIKE THOSE GUYS THAT DRILLED FOR OIL AND FOUND WATER. BUT WITH MORE COLOURED NUMBERS THIS TIME." WHAT HAPPENED AFTER THIS RESULT WAS RELEASED? AGAIN, TO QUOTE A MOD "NEARLY -50% IN A WEEK. IT'S BEAUTIFUL..." TEM ENDED THE WEEK WITH A FINAL RESULT OF -47.9%. YOU WILL HAVE TIME TO SAY GOODBYE TO [/U/LOGOFPOO](https://www.reddit.com/u/LOGOFPOO/) BEFORE THEY ARE BE FLUSHED...I MEAN PURGED FOR ONE YEAR. + +https://preview.redd.it/6v6xxdgj6ba91.png?width=703&format=png&auto=webp&s=d4cd0af8ed8bbabe2183b3ef847e35d602ed17a8 + + AND THUS ENDS THE 2022 PURGE. IT HAD HIGHS, IT HAD LOWS. WILL THIS MEAN THE INFLATION DRAGON HAS BEEN SATED? ONLY TIME WILL TELL. + +I ONLY KNOW ONE THING. I'M HAPPY I CAN FINally stop shouting all the time. It was hurting my throat. + +To another year. +I am looking into clean energy ETFs, the major names being ICLN, QCLN, PBW etc. Yes, they all have performed really good but they are not active ETFs and there is no manager who can go on TV/twitter to explain their choices. Given the success of ARK's approach in providing a rationale for their choices, I am looking for a similar clean tech ETF. Is there something like that? +Hi, so I’ve been researching this company MVMD ( Mountain Valley mD Holdings) who at a first glance appears to be a fantastic company with an amazing future ahead of them. + +Now, It’s a new experience to find a company which quite frankly seems to be a full out scam. + +[mvmd website](https://www.mountainvalleymd.com/) + + +I know this is different but I thought it could be fun if someone wanted to help out. I posted my red flags in the MVMD sub and got absolutely flamed. I’m doing this bc I don’t want ppl losing money to a scam but perhaps more so bc I hate being wrong. + +What I have gathered so far. Writing on my phone so won’t be too long. + +1. Their website. Looks legit but looking in to their leadership, there is too little information. Who is this inventor (Mike Farber for example, what did he do before. All of a sudden he supposedly got BSL 4 clearence. Something very rare from my understanding. + +Dennis Hancock CEO . Instagram (private) facebook (private) + +2. Their new yt channel. Just a couple weeks old. Only fake comments on their channel. Look into their comments it’s hilarious. + +Their Instagram . Majority obviously fake followers here aswell. + +(Now I know this doesn’t have to be the company behind their instagram or the fake comments. But something is certainly off and I don’t like it. + +3. There are no real news reporting on this company. The only thing close is Biznews lmao. All of their achievements etc are just coming directly from the company. + +[Biznews ](https://www.google.se/amp/s/www.biznews.com/thought-leaders/2021/02/11/ivermectin-tech-breakthrough/amp) + + +There are a lot of red flags. And I’m quite frankly amazed as a somewhat new investor to find a company doing what I think they are. Perhaps this is usual in the penny stock world or perhaps not. + +Anyway, would love to hear your takes. And if someone would be intrigued to do some further digging into it. +Sup Apes + +Wave man here. Been a few weeks. Not financial advice in the slightest, I am retarded. + +I can't be the only one jacked going into this week. I been MIA as I was waiting for my last DD to play out, et voila! In case you missed it, you can check it here: [https://www.reddit.com/r/Superstonk/comments/pl885m/the\_dip\_before\_the\_rip\_the\_final\_countdown/](https://www.reddit.com/r/Superstonk/comments/pl885m/the_dip_before_the_rip_the_final_countdown/) + +To all the "TA doesn't work" people: + +https://preview.redd.it/orv23v8etbr71.png?width=600&format=png&auto=webp&s=ff7e2fb4599e2141bf5f444051661e8f346cd130 + +As always, my one request is to get in the mood with some tunes, look no further for your dose of EWG crank: [https://open.spotify.com/track/2KH16WveTQWT6KOG9Rg6e2?si=3aea4e91222746e7](https://open.spotify.com/track/2KH16WveTQWT6KOG9Rg6e2?si=3aea4e91222746e7) + +Before I begin talking about the cycle, why we were looking at it wrong, and wave targets, here's the TLDR of my last piece in a picture: + +[9\/10 prediction](https://preview.redd.it/qsaw8ykiubr71.png?width=1316&format=png&auto=webp&s=2d07823fbf3ec9ac3f44b5770d9174a3dc304b3a) + +Obviously dates didn't play out, but with GME i've found fib dates are very hit or miss. Nonetheless, the trajectory was more or less spot on. + +[actual](https://preview.redd.it/xchfxzerubr71.png?width=2002&format=png&auto=webp&s=432078805ee3f8394e405997e0bdc34d023fb353) + +The reason I'm excited is because I have a very clear read on the structure from here. I'll lay out the possibilities and most probable outcome, but first, I'd like to draw your attention to the cyclical nature of GME and why we didn't blast off a few weeks ago like many expected. + +Remember earnings in march? Stock got clobbered. next day we recovered all of our lost ground, finishing up around 50% on the day. Well, that movement was actually the equivalent to 8/24. + +&#x200B; + +[the proper way to look at the cycle](https://preview.redd.it/xyrx6x3kvbr71.png?width=2792&format=png&auto=webp&s=ebb0eadde2506f787fe99d06a88e5b5637313ee0) + +not digging too deep into the time stamps from the high to low relative to each other, the similarities are there. In wave terms, wave 2 low was about 1 month after the huge upside move. Wave 2 low is supposedly in at 167, similar to the last cycle where we bottomed at roughly 136. That's where the fun began. + +So my working theory now is our current positioning is equal to the cycle low of May. + +BUT this time will be different. + +The cool thing about waves and fibonacci is they tell a story if you know how to read it. Basically, all the "hiccups" leading up to our current positioning has been nothing compared to what's about to unfold. The tsunami is finally about to commence. + +This probably doesn't make too much sense without any visualization, so here's my trading view EW view (targets are just for visualization + +[🚀 ](https://preview.redd.it/eowp9m4xwbr71.png?width=2658&format=png&auto=webp&s=f8552d34ad7b5abbf189b6c84d7da5116c0ebda9) + +Again, price action tells a story, and everything leading up to where we are now has been "test launches." Now we are ready to really explode and shock the world. + +I will say, from a wave perspective I don't necessarily expect this run to be MOASS unless we get some sort of catalyst. + +Look at the chart above and you can visualize the tsunami. Every cycle has been a "12" setup wherein we fail to make a new high relative to the previous. This sets us up for an explosion the likes of which will January will look like some pussy shit. + +Onto targets. First off, I'd like to lay out the bear case wherein we have a bit of downside left. I don't find this super likely, but if time periods relative to the last cycle remain identical (big if) then I'd expect 163 to hit before we go 🚀 + +I think we bottomed because of this: + +[WXY wherein each leg is broken into ABC subdivision. A and C should gain parity at 1:1 level, hence the bounce each time at the yellow line.](https://preview.redd.it/nosa8tqdybr71.png?width=2806&format=png&auto=webp&s=02f22324407ba0b2fc538733c6772e4f55ab03aa) + +If we DO have more downside, we will likely gain W = Y parity at 163, though the bounces at the other 1:1 levels is convincing enough for me. + +if we break 195 to the upside this in theory invalidates more downside, so watch for that as well (upper bound of mini wedge) + +If this cycle replicates the previous to the T, I'd expect the next 3 ish days to finish up, followed by a few days of consolidating before really ripping. + +Current positioning is setting up a wave 1 within the 3 relative to the low point at 145. Trying my best to visualize: + +&#x200B; + +&#x200B; + +[we are here](https://preview.redd.it/6h1xxqv40cr71.png?width=2654&format=png&auto=webp&s=b4a41940bb1a420f57ef0e9522116318380b7876) + +hopefully the visualization makes sense. These are hypothetical targets SOLEY to visualize trajectory assuming we bottom wave 2 at 167. + +Now for the fun part. Let's talk upside TARGETS! + +&#x200B; + +https://preview.redd.it/gn6uyqwm0cr71.png?width=890&format=png&auto=webp&s=e36e3acf4ca4ee18af91859ecee92fe0915acb97 + +Most common multiples are outlined. 306.65 is most expected, though if the move replicates the same ratios as 8/24 where we ran 30% intraday, expect the 2.618 multiple at 393.09 for THIS degree wave 3. + +I think I'll honestly lose myself if I go over every degree target, so for simplicity's sake I'll outline the degree targets that I find most probable over the next few weeks. + +&#x200B; + +https://preview.redd.it/h2z91vv71cr71.png?width=1134&format=png&auto=webp&s=3041cb6945134f20a35c8007438568398c62791b + +IF we replicate movie stock trajectory and ratios, expect it to go exactly like this. obviously I have no idea if it will actually go like this. If most common ew ratios are hit, I'd expect to top around 1200 this run, though movie stock hit the 1.236 multiple for the final wave 5, which in theory puts us at 1700 area. + +absolute highest I see this run going is 2200 area. + +I do NOT think this will be moass, so hodl strong and delete your sell button. Hodl for phone numbers, this will just be the first test of diamond hands. + +I think I've covered everything worth talking about, I'm sure there's a bit I missed but I said what I needed to say and hopefully got you jacked up in the process. + +In terms of outside factors, I'm only the technicals guy, but not your typical technicals guy. Waves and fibonacci are the only form of TA I advocate for, everything else is more or less astrology to me. + +End game, I believe we will run to high 1k-low 2k area, drop down to 500 ish then begin MOASS. if you use this hypothesis to day trade, I hope you lose money and it squeezes when you sell. + +Phone numbers or bust. + +also, not to be that guy, but if you're into my analysis and like real time snippets, consider following my twitter: [https://twitter.com/gavinmayreal](https://twitter.com/gavinmayreal) idgaf about "clout" but for the people that check my profile often checking for updates, that's the place to be :) + +TLDR: we're ready to rumbleeeee! 8/24 run where we finished up 25% is equal to march day after earnings where we ran 50% then went sideways for a month. Fibs and waves support we hit our low at 167, but 163 isn't out of the realm of possibility until we break above 195 area. Expect a few up days from here but not too intense, then 5 ish days of sideways, then BOOOOM! read the whole post, too much to summarize but I expect larger view trajectory to go 860 ish to 550 ish to 1700-2200, then the greatest FUD attack of all time. Fibs tell a story and that's what they're telling me. Buckle up ;) +Both my partner and I are very frugal by nature. We generally have chats about what products we find are good quality, while being low on price and what items we consider "false economy", and mostly come to the same conclusion. One thing we can't seem to agree on though is tea. Full disclosure on this one, I don't actually drink tea (how very un-British of me, I know), and mostly just drink water. + +She enjoys more costly tea such as Twinings tea over Yorkshire tea, but can't seem to get over the price difference between them, and so will generally opt for the cheaper option. Almost double, for anyone that's wondering. + +My stance on this is that even though it's almost double the price, it's worth it for how much enjoyment is gotten out of it. I get the feeling that the main reason she is sticking with the cheaper option on this one is due to how much of a tea addiction she has, compared with how little of one I have. + +This is by no means something either of us are losing sleep over btw (unless she drinks one just before bed). However, I'm interested to see if anyone else has had similar produce debates as I have, and what the outcome was? +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) + +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. +**EDIT 3: I understand that I should not book through a 3rd party - I just learned that a couple months ago! ;) This was my second hotel that I've ever booked (I don't book hotels often) and these 3rd party sites are heavily advertised. I've learned my lesson. I get it!** + +*Edit: I am calling my credit card company now. Thank you all for chiming in - I appreciate it. I've also contacted the health services authority for the region that the hotel is in.* + +*Edit 2: The hotel was* **Travelodge** *- parent company is* **Wyndham**. *I booked through Expedia.* + +*I asked: "Does Expedia have no built in protections for customers if the rooms are filthy or not as described/advertised?"* + +*Their response: "Expedia is subject to the rules and restrictions of the vendors whose services we sell. We act only as an agent for their product and do not have the authority to override or to change their policies."* + +*Needless to say I won't be using Expedia or any other 3rd party again. The true problem however was Travelodge and Wyndham.* + + + +The girl at the front desk told me that the building was just old and all rooms would likely have the mold. It looked more like neglect - they just didn't bother to clean the windows, vents, and AC / heating unit for a long time. + +I've been in contact with the hotel's parent company for 2 months - they're offering a half refund. The hotel's manager will not return my calls and will not authorize a refund. + +Would it be appropriate to try to cancel this charge on my credit card since the hotel will not communicate with me? +Convinced her to buy some when it was at around 30’000 back in July and has now doubled her investment . Granted it wasnt a huge investment but I think she now has a false sense of reality that doubling an investment in 4 months is easy and common. If she ever tries to invest in stocks she going to be hit with a hard reality. + +Update: No I’m not going to dump my girlfriend because of her lack of her financial knowledge and limited perspective. Don’t want my girlfriend to be ray dalio or Warren buffet …but there is some tempting ideas of leveraging her as an asset +Let's say a company X is going for an IPO. Share price is 100 and lot size is 150, so the lot price is 15000. +It got oversubscribed, and got listed in the market for a price of 200/share, which gave the investors who got the shares allotted a clean profit of 15000/lot. +Now here are my questions: + +1. Where is the profit of 15000 coming from? Who is losing money in order for the investors to gain? + +2. How is the listing price of 200 calculated? Are there some complex algorithms at plan or am I missing something very fundamental? +So now that there is actually a reason to buy DLC (albeit a pretty dubious one), do we need a different default meme stock? + +Post suggestions below - and yes, I will buy a minimum parcel of whatever gets the most upvotes. Let’s give it until market open on Wednesday, and I’ll buy by market close on Friday. +I’m moving into my first solo apartment in a couple weeks, and I had to budget for the utility security deposits that many companies require if you lack a history with them. Between electric and internet, I was looking at a couple hundred dollars in deposits—spread out gradually over my next few monthly bills. + +However, today, I learned a deposit was not required due to my solid credit score! + +One less headache to worry about, and my budget is a bit more flexible now, and all it took was managing and building credit responsibly. + +EDIT: Of course, this is just one of the minor benefits of a good score. I just wanted to highlight how credit can be a factor sometimes in less salient circumstances + +EDIT 2: This became more popular than I expected! I won’t be able to respond to replies today, so check out the Wiki on this sub for more information about using credit responsibly. Also, credit and debt are two different concepts—it’s important to understand the difference. +Y’all so good about multiple alerts per day on the way down, where you at on the way up? Fuck you Vlad! You greasy bitch. + + +Edit: I currently have 0.2 shares on RH. Once they IPO, I’m out. + +Edit 2: Thursday 4/15/21 8:42 AM FINALLY A NOTIFICATION *”GME is down 4.9%”* +I cant even sell CCs anymore because my underlying just refuses to stop selling off. I picked up PLTR with a $26 CSP a few weeks ago thinking "look at this deal I got, now just sell some CCs" which I have, but doesn't come close to making up my losses coupled with now my CC premiums are garbage. + +Just stop selling off already! + +Edit: Damn. All I had to do was ask you guys to stop selling and it worked? Thank you!! +I cant even sell CCs anymore because my underlying just refuses to stop selling off. I picked up PLTR with a $26 CSP a few weeks ago thinking "look at this deal I got, now just sell some CCs" which I have, but doesn't come close to making up my losses coupled with now my CC premiums are garbage. + +Just stop selling off already! + +Edit: Damn. All I had to do was ask you guys to stop selling and it worked? Thank you!! +Back when I was a dumb Jan ape I thought that it was all gonna be over in a month or two. That was because of how naïve and clueless I was about the extent of the corruption on Wall Street. Now we know absolutely no one is going to help us except ourselves, and the SHFs have lots of tricks to keep above water. + +They are dragging this out to turn this war into a siege and a war of attrition, because they think their pockets are deeper than ours, even though it costs us nothing to hold. They think that retail will get fucked by inflation and by eating ramen and will eventually sell GME. + +If we don't play this game correctly, if we try to yolo 4-pool ling rush, we could end up doing just that. That's why our mindset should be to win this war no matter what. If they want to play the long game and to fight to "survive another day", then we too must play the long game. As much as possible, we can't sell our house to buy more GME and live in a car and eat canned beans until MOASS, because you could be doing that for much longer than you might realize, and might have to sell some GME in the end to survive. + +You know best what you need to do to survive. For me, I was just gonna work at my current position as an office admin until MOASS. But, after thinking about it, I decided to fuck it, and do a one year certification course and become a Payroll Compliance Practitioner, and make even more money so I can buy even more GME in the long run. + +If I have to, I can hold this for decades until I die. Can the hedge fucks though? Not saying it's gonna take decades to resolve though, just that I'm prepared to do so. + +Lastly, #NoCellNoSell + + +EDIT: If you're in a position to be able to sell excess assets to buy GME, all the power to you. But all I have is one car and a small apartment, and I'm close to living paycheck to paycheck, so I personally don't have much wiggle room to buy even more GME except with the savings that I already had in the first place. +Hey guys, + +It’s dat boi, wattup. + +I stole the idea from another user a while ago to do this, and thank God BF69 paid attention and got both of us involved. I contacted GameStop’s SMRT team about a month ago, another user did all of the legwork to get in touch with T4T. + +This is an amazing show of teamwork and good will. I’m definitely going to donate. You should too. It’s a good thing. Do good things :) + +Edit: before I get carried away my contacting GameStop was my sole involvement and pretty much ended there because of my workload with school and work… really, these guys did a fuck ton of work to put this together. +Fellow Apes, allow me to blow your mind, jack your titties, and explode your hype. + +"I love Coke" - Ryan Cohen 7/14/2022 12:09AM Twitter. + +[https:\/\/twitter.com\/ryancohen\/status\/1547433078796169216 ](https://preview.redd.it/nd93ocpescf91.png?width=289&format=png&auto=webp&s=9e820778a4787844ff4921735ebfe14cf1a0241f) + +As usual, RC is speaking in meme lord, leaving bread crumbs for us to follow. I found the utter randomness of this tweet overpoweringly intriguing, and have been rolling it around in my head nearly every day since. Why tweet this? Why on Bastille day? Well... + +[99!](https://i.redd.it/hm7uhnwhscf91.gif) + +Many apes put up theories on this tweet, some of which I will list here for transparency: + +1: Related to Coke Zero shipped with online orders: + +[Credit u\/Gushlite01 ](https://preview.redd.it/41q3hznjscf91.png?width=960&format=png&auto=webp&s=5937b076057ee3b9de863af3722467772e2ce82e) + +2: A revival of previous GameStop & Coca-Cola partnership: [https://www.retaildive.com/ex/mobilecommercedaily/gamestop-coca-cola-bring-mobile-game-to-in-store-shoppers](https://www.retaildive.com/ex/mobilecommercedaily/gamestop-coca-cola-bring-mobile-game-to-in-store-shoppers) + +3: Speculation that Coke could be moving their highly successful NFT to GMENFT: [https://maketafi.com/coca-cola-nft](https://maketafi.com/coca-cola-nft) + +4: Ryan Cohen loves cocaine. + +5: Ryan Cohen is trying to tell us we're going to be as rich as Coke investors: + +[Credit u\/GMEstockboy ](https://preview.redd.it/nhrni5fmscf91.png?width=3200&format=png&auto=webp&s=2b13d3bde8be130c6c1947d1e80fc7d818597f49) + +6. Ryan Cohen is referencing his previous tweet here: + +[https:\/\/twitter.com\/ryancohen\/status\/1522657414327193601 ](https://preview.redd.it/axae80vnscf91.png?width=527&format=png&auto=webp&s=d16c45a32ed12e065f0567cc4dab5f2b8529e580) + +Though some of these felt possible, they simply didn't scratch the itch at the back of my mind. RC is a master of riddles, and I was not going to settle for anything less than a "HOLY FUCKING SHIT THIS IS IT" kind of revelation. So I kept digging, getting more and more esoteric as I searched. It was a painful process, to say the least. Seriously, go ahead and type "coke" into Google and see the insane number of links. Forget a needle in a haystack, I was searching the desert for a particular grain of sand. Link after link of nothing, page after page of marketing, click after cli-- + +# HOLY FUCKING SHIT THIS IS IT. + +I give you: [https://en.wikipedia.org/wiki/Coke\_Reed](https://en.wikipedia.org/wiki/Coke_Reed) + +[https:\/\/en.wikipedia.org\/wiki\/Coke\_Reed ](https://preview.redd.it/hy61a76pscf91.png?width=279&format=png&auto=webp&s=777b32c5187cb4a9e00d100685373f3bae34c898) + +I am dead serious, get that finger off the downvote, and try not to let any flies in your mouth while I lay down why this is a huge deal for GME NFT, the future of crypto, and the account balance of Apes everywhere. + +First off, Coke is fucking rad: + +>In the 1970s, Coke had taken it upon himself to solve Problem #110 of the Scottish Book, a collection of unsolved mathematical conjectures. Forty years prior, future Manhattan Project scientist Stanislaw Ulam posited on fixed points of flows defined on *n*\-dimensional Euclidean space. His conjecture had gone unproven and its attached prize, a bottle of wine, left unclaimed. Coke’s interest in the problem stemmed from his work on dynamical systems with John W. Neuberger and was driven by a desire to solve the last Scottish Book problem with a prize attached to it and whose author was still alive. While eating lunch alone in 1976 the solution to Problem #110 came to Coke – a moment of clarity at a most unexpected time. A novel way to understand particle movement in a system suddenly formalized. Coke submitted the solution to Ulam who awarded him and his coauthor, Krystyna Kuperberg, each a bottle of the promised prize wine. The solution was published in *Fundamenta Mathematicae* in 1981. + +[Coke Reed and his solution](https://preview.redd.it/a5p1sgprscf91.png?width=267&format=png&auto=webp&s=c64bd89216cd919a728e1476805562f3c4cc67d1) + +Good lord, the glaze on your eyes would make Krispy Kreme jealous. **TADR: There's a book of problems that nobody has been able to math. Problem #110 grabbed his attention. Coke mathed it. He mathed it real good.** + +Secondly, Coke kept going: + +>In the thirty years that followed, Coke worked at institutions that gave him access to Seymour Cray’s early machines and granted witness to a rapid rise in computing capabilities. This growing field offered him a new outlet to wet his intellectual appetite as he observed challenges in fine-grained computation. Existing systems were ill-suited to handle the more challenging problems in mathematics and science. **He started to consider how the mathematical solution for particle movement in Problem #110 could be modified to describe data movement in a computer** – a challenge which would consume him for many years + +MRW "describe data movement in a computer" + +[\*Not the full-of-whiskey-up-to-the-nipples kind either\*](https://i.redd.it/f2cbal0uscf91.gif) + +Third, Coke fucking did it: [https://www.plexus.com/en-us/case-studies/data-vortex](https://www.plexus.com/en-us/case-studies/data-vortex) + +>A new kind of supercomputer. +> +>The unique design of Dr. Reed’s Data Vortex network wasn’t your average incremental step in the evolution of computing technology. This was a huge stride — a breakthrough capable of freeing scientific discovery from the limitations of traditional computing. +> +>The Data Vortex network is a self-routing dynamical system that allows for much faster processor-to-processor communication. It’s scalable with no appreciable increase in latency because it moves small packets in a congestion-free network. It simply isn’t possible to achieve this using a crossbar-based network. The result is that the system delivers huge performance improvements for applications that require massive data movement. For certain problems, a Data Vortex system of equal size has a 32–100 times performance improvement over a comparable system with the same number of x86 cores. +> +>Wherever vast amounts of information need to be processed — academic and scientific research, government and other big data and artificial intelligence applications — Data Vortex can make answers possible more quickly and efficiently than traditional computing. Several Data Vortex systems are now in place around the United States at government and academic sites, including the Department of Energy, Center for Advanced Technology Evaluation (CENATE) at Pacific Northwest National Laboratory, and the Center for Research in Extreme Scale Technologies (CREST) at Indiana University Bloomington. + +[Visual Representation of Coke's Data Vortex](https://preview.redd.it/ozdwvlzvscf91.png?width=996&format=png&auto=webp&s=595fbccb0fbc264242cd3581860879c3a7e6be97) + +Lost again? Alright here, **TADR: Coke's original solution made sense of particle movement in a specific whirlpool pattern. Coke then realized that his solution could be applied to computer data, and essentially bootstrapped the invention of an entirely new supercomputer.** + +Sound to good to be true? Can they actually deliver? Do people take them seriously? + +Well, Coke fucks: + +[https:\/\/www.datavortex.com\/history\/ ](https://preview.redd.it/rfj0pbsxscf91.png?width=931&format=png&auto=webp&s=125496b48190d604387c0d36977f51fdd8e8ff73) + +Dr. Coke himself speaking on his discovery, starts out with more wrinkles than a naked mole rate, but moves into a really nice story about his eureka moment over a hamburger: + +[https:\/\/vimeo.com\/113844392 ](https://preview.redd.it/7b89luozscf91.png?width=961&format=png&auto=webp&s=3c1e1296ffffbcf1f33dd877186379b761cf39de) + +Pretty cool right? What a sweet story! + +What's that you ask? + +"How does it tie in, u/flokki_the_monk?" + +Buckle up: + +[https:\/\/vimeo.com\/731030891 ](https://preview.redd.it/9n0tzpl1tcf91.png?width=946&format=png&auto=webp&s=24e30fcb8334149f914b1cae50b88f8eae0b55f6) + +Seriously, watch the video: [https://vimeo.com/731030891](https://vimeo.com/731030891) + +* Hardware Assigned ID's: "Impossible for computers Outside The Trusted Network to maliciously impersonate Network nodes. This alone eliminates half of all natural and malicious attacks in Byzantine fault scenarios." (A Byzantine fault is **any fault presenting different symptoms to different observers**. A Byzantine failure is the loss of a system service due to a Byzantine fault in systems that require consensus.) +* Predictable Latency: "Eliminates loss of data and performance and guarantees data packets will always be delivered with predictably low latency. Conventional Network simply cannot make this promise as data delivery can fail entirely." +* Non-Blocking Communication: "Bandwidth is also never a problem within a Data Vortex enhanced Network. Unlike conventional networks where high traffic between two or more nodes can preclude other nodes from accessing the network, the data Vortex which promises non-blocking communication between nodes and unhindered access to the network. +* Zero Packet Loss: "Zero packet loss is another benefit of data Vortex technology as packets simply do not get dropped. No matter how much traffic is being pushed through the network, Data Vortex guarantees all data packets will arrive and be accounted." +* Non-Partitionable: "A Data Vortex Network cannot be partitioned. When a conventional network is divided through a malicious attack, the isolated nodes within that Network produce split brain activity resulting in conflicting data records and unrecoverable data, when split brain recovery is attempted." + +This video was published 7/18/2022. In the days leading up to its release, Data Vortex successfully implemented The Raft consensus algorithm on Data Vortex technology. Quick reminder on what also happened in those days? + +[https:\/\/twitter.com\/ryancohen\/status\/1547433078796169216 ](https://preview.redd.it/8amidue3tcf91.png?width=289&format=png&auto=webp&s=4479988a704519f264fe75b0df0530848e16e334) + +# Edit Conclusion: Confident about your investment because GME's blockchain software is so superior that it will dominate the market? With Coke Reed and Data Vortex, GME will have the hardware to match. Hardware that offers security, reliability, and speed that's beyond anything else on the market. Watch the video, it's by far the most important thing in this post: [https://vimeo.com/731030891](https://vimeo.com/731030891) + +[boom](https://i.redd.it/5m88eyddtcf91.gif) + +Edit 2: Reddit butchered my formatting. Improved. + +Links: + +* [https://www.datavortex.com/](https://www.datavortex.com/) +* [https://en.wikipedia.org/wiki/Coke\_Reed](https://en.wikipedia.org/wiki/Coke_Reed) (why waste money on college?) +* [https://www.hpcwire.com/2018/01/15/coke-reed-data-vortex-brief-history/](https://www.hpcwire.com/2018/01/15/coke-reed-data-vortex-brief-history/) +* [https://www.plexus.com/en-us/case-studies/data-vortex](https://www.plexus.com/en-us/case-studies/data-vortex) +* [https://vimeo.com/400983764](https://vimeo.com/400983764) +He has been a long admirer of Alphabet, and has stated on record that he would look at the FAANG stocks if they presented themselves with real value. Munger has agreed with Buffett re Google, though has stated disdain for Meta. They also won't invest in Microsoft due to relations with Gates. And they already own a ton of Apple, and a tiny bit of Amazon. + +So that leaves Alphabet and Netflix. Netflix is in a very competitive space and has shown having a little moat. Leaves us with Alphabet. + +Thoughts? + +Disclosure: Own some GOOG shares + +EDIT: + +Sources: Buffett talking about GOOG [https://www.youtube.com/watch?v=m7QdscwqNgQ](https://www.youtube.com/watch?v=m7QdscwqNgQ) + +Buffett and Munger talking about FAANG: [https://www.youtube.com/watch?v=S8bF49V-rt8](https://www.youtube.com/watch?v=S8bF49V-rt8) + +Buffett and Munger talking about Facebook: [https://www.youtube.com/watch?v=LVaygzxsuTI](https://www.youtube.com/watch?v=LVaygzxsuTI) +First off, if you're lending an ear (or an eye) I want to sincerely thank you. I've told this story so many times when asked about the last 7 years of my life; anything that has had to do with school, loans for school and building my credit/savings. + +April 2009 I started a job at a local Chili's Bar and Grill as a busser. I was 17 years old It was just a side job on the weekends during high school. I was making $2.13/h with added 'tips' from the waiters and waitresses. + +A big thing my dad has always preached to me was to save money, so I decided to open a bank account with Bank of America solely because the check that I received from my job came from that bank. + +I remember, very clearly, being brought into an office to set up a 'student' account with them. The representative made sure to explain all the benefits of the account being that I was a student. However, the ironic part about the whole experience was her putting an emphasis on overdraft protection that came with the account, to protect students from incurring fees that they could not afford. Fair enough. That sold me. It seemed as though it was a solid decision at the time so I went through with it. + +About a week in, I used the debit card that came with the checking account I set up to buy something on the net. I can't remember exactly what it was buy I DO remember this company double charging me and... Low and behold... Over-drafting my account by 5 dollars. + +I was only my making so much while working at this job, and it had been apparent to me, at the time, that I was either lied to by this bank representative about 'overdraft protection' or something fell through the cracks. I didn't want any more trouble so I decided to pay the overdraft fee and then close the account. + + +Then something horrid happens that effects the next 5-6 years of my life, and this is mainly what I'm posting here for: + +**As it turns out BoA had placed something of a 'credit' lock on my social security** + +- Preventing me from taking out loans for myself to go to school when it was time. + +- Opening up any bank accounts at any bank in the country. + +- Opening any credit cards to establish and grow my credit. + +- Flagged me as an identity thief on my own name. + +Besides the slimy legal crap, it looks like I have to go through, I'm here posting this because I'd like to know how do I get out of this rut BOA has put my in. I was able to attend school for two years because my grandfather cosigned for me for two years.. but his passing has forced me to leave school and attend community college where I can only go if I pay out of pocket. + +For years I've been working and trying my best to pay these loans, all while putting food in my mouth.. paying my parents (who I live with) rent, and living expenses. But I can only do so much with the 9-10 dollar an hour jobs and I don't know what to do any more. + +**TL;DR: Bank of America places a sketchy 'ban' on my credit because I closed my bank account after a over-drafting and it has crippled my finances so much, I couldn't finish school and I'm struggling to get by among other things.** + +Any help is greatly appreciated... Thank you!! + +**[EDIT]** A big thanks to /u/Amara313 for posting information about something called [ChexSystems](https://www.nerdwallet.com/blog/banking/blacklisted-by-chexsystems-what-to-know/). This is the exact same thing that has happened and plagued me for the last 7 years of my life. + +I hope this serves as some help by some bizarre consequence it happens to you too! + +**[EDIT2/Update]** I wanted to make this in response to all the support and added discussion. I did NOT expect this post to gain all the traction that it did. Some of you even messaged me personally. I seriously could not be more thankful of all of you chiming in. It means a lot and makes me love this site even more. I have to go to the proper steps to reactivate my case against BoA. Not officially, but it was only up until today I had some time of substantial update to my dilemma. Like, I have actual answers to some things. That's so relieving, so I will pursue this. I will update this post with substantial updates so that it may actually serve as help to people who have had similar problems and didn't know how to go about fixing it. +TLDR: Goldman Sachs / Bank of America / Dreyfus all colluded to hide Short Interest the ONE TIME retail investors were set to win BIG based of sentiment and selfishness alone. + +&#x200B; + +https://preview.redd.it/lvxr9313dzt81.jpg?width=828&format=pjpg&auto=webp&s=2d3cecfbb90db2108f7d256dd268ebb495b84a7f + +After DFV's return we have this gem to start. Ready Player One. A hint at the fact he knows something no one else does. And you have to look backwards to figure out what happened. More points to this are his Interstellar tweet along with Tenet tweet. **In all, you have to look backwards to go forwards.** + +So what did he find out? + +https://preview.redd.it/dfk13cojdzt81.jpg?width=828&format=pjpg&auto=webp&s=eb5e6ecc32f9a52a55856014d9d5546e311f2977 + +This is a grab from Parasite. Where a family colludes in trickery to essentially overtake someones residence. + +"**Was BNY Mellon taken over by Goldman from the inside? To save someone who had 5M $GME puts?"** + +[https://www.reddit.com/r/Superstonk/comments/q50q3j/was\_bny\_mellon\_taken\_over\_by\_goldman\_from\_the/](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) + +&#x200B; + +Interesting.. + +For those that do not know, Citadel unloaded their shit bag of derivatives to Bank of America, and also shifted their risk to the Dreyfus Fund in Florida+JGP Global in Brazil. + +Goldman Sachs is the Prime Broker for the original parties involved. Meaning..Goldman Sachs owned the risk involved if GME skyrocketed. Its their risk, so my guess is that they overtook BNY Dreyfus to manage their own risk however (illegally) they'd wish. + +&#x200B; + +Next: + +https://preview.redd.it/0oa1nvldezt81.jpg?width=828&format=pjpg&auto=webp&s=dd74a7948f73cf00bdd82b12c3752ccb4af1f332 + +We have a grab from True Grit on 6/3/21, of Steinfeld struggling to stay afloat.. sound familiar? + +This was also just days after **Cohen's tombstone tweet on** **5/28/21**. Tombstone=shorts are fucked via share recall/count etc. + +Any finance employee with half a brain knows if you have a (cellar boxed) short position and they issue a tombstone your ass is BIG FUCKED lol. + +I'd assume Cohen's tweet sparked panic and they needed to move some shit around and fucking fast. + +Next, and my favorite. **Who** needed to shift things around or who was involved in the moving of these funds so they didn't break the stock market via their own illegal shorting? + +&#x200B; + +https://preview.redd.it/1pzeyfhxezt81.jpg?width=828&format=pjpg&auto=webp&s=a761fabea1f061ae44ca029c1543ca0157a474a2 + +**A LITERAL GOLD MAN.. if that isn't enough for you its something GOLD next to a sex symbol for a MAN.** + +&#x200B; + +NEXT UP: + +https://preview.redd.it/parxhv7cfzt81.jpg?width=828&format=pjpg&auto=webp&s=4b4c335d35680d4fddd3b81493f5b672725cb462 + +We have a GameStop logo placed right by an ATM. + +Not just any ATM, a **BANK OF AMERICA ATM**. + +&#x200B; + +Okay at this point when going over these I was like okay wait what the fuck. + +Then I started to put things in a lens of "he's telling us what they did with the short interest." + +Eureka. + +&#x200B; + +https://preview.redd.it/uq7tttlvfzt81.jpg?width=828&format=pjpg&auto=webp&s=bc96e9791ef3d20493ea545438b13910b5b15b3a + +Two fellas in a pyramid, One More Time. + +I associated the pyramid with federal reserve/traditional finance. One more time they're going to pump the market instead of crash it while doing whatever they need to make sure the circus market stays a circus for them and GME is stifled. ONE MORE TIME in JUNE. + +Next: + +https://preview.redd.it/rxvofdu8gzt81.jpg?width=828&format=pjpg&auto=webp&s=7de55b515263450ae2d693d272adaad0aabf2843 + +I think this one is about the fact that the Prime Broker, Goldman, can't call it for citadel. It wouldn't be fair, so Citadel has to be the one to say yo please help manage my risk and do whatever you need to do to get it done. + +&#x200B; + +Next, what happened to those positions? + +https://preview.redd.it/8k19uq7igzt81.jpg?width=828&format=pjpg&auto=webp&s=1659a51f9c640973b723e937dd47543a3620848a + +Show: Eastbound and Down. We are well aware Dreyfus took the risk from Citadel (Chicago), and Dreyfus is located in Florida. **The positions LITERALLY went Eastbound and Down to Florida.** + +Next, seems like DFV started paying close attention to the movements: + +https://preview.redd.it/e56rlvfugzt81.jpg?width=828&format=pjpg&auto=webp&s=dc57b89d82f92f3b7dedd4db5b075530274c2c5d + +Grabbed from: **Watchmen**. He's watching them. He sees some shit that gives him goosebumps, **he's on the right track.** + +&#x200B; + +So our guess would be that he watched them get moved down to Dreyfus in Florida right, or maybe this is just some schizo rambles and none of this is true... or maybe....... + +Next tweet (lol): + +https://preview.redd.it/tw1e4ey2hzt81.jpg?width=828&format=pjpg&auto=webp&s=de10fe51be94d0eb537848c3e4a89d1cc6154f82 + +Grabbed: **Contact**. Scene: Cape Canaveral, **FLORIDA.** + +**CONTACT IN FLORIDA.** + +&#x200B; + +Next: + +https://preview.redd.it/rckq1swehzt81.jpg?width=828&format=pjpg&auto=webp&s=6f4bbad5941e778dd4724793787c6f0ea4ccd23a + +Something happened to the short interest.... + +From here on out DFV seems flustered and upset with how this was handled. + +Next, and one of my favorites: + +https://preview.redd.it/f5d7dxc0jzt81.jpg?width=827&format=pjpg&auto=webp&s=d4349496ab113aa416a6c374056653d778d8961d + +5 Year engagement. I think he found the **married** puts loophole and found counterparties associated with them. Also he cut it to only have 5 Yi's. 5 year engagement + 5 Yi's. Something there idk what it is yet though. Something about 5 and married puts. + +Next: + +https://preview.redd.it/tpw83t02kzt81.jpg?width=828&format=pjpg&auto=webp&s=9ce7619ca8f78bcba45871202fb3fef1ef5c7224 + +Tenet: they tried to take him into the backroom to beat the shit out of him but they couldn't. Maybe a hint at dark pools/off exchange / international holdings like JGP. + +Another point at "must look backwards to go forward." + +**I'd bet if we look at Bloomberg Terminal and tracked Prime Broker movements we could see Citadel / Bank of America / Dreyfus + BNY doing some big time fuck shit in January and June with GME positions.** + +NEXT UP: + +https://preview.redd.it/8fum4jnykzt81.jpg?width=827&format=pjpg&auto=webp&s=95dc8821d346166bb372fd9ff2403bda8368148b + +DFV regularly mentions Matt Damon in his meme videos. Usually its about the casino heist doing an inside job. + +Funny enough Matt Damon was the voice for "Inside Job", the documentary about 2008 and it showed how corrupt **GOLDMAN SACHS was during it.** + +Also baby driver meme points me to **inside job as well+the casino heist references.** + +In this one he escapes by using a pen, and the french man charging him jumps out of the window so he couldn't have his identity known. + +Something was penned and it hid their identities (overseas?). + +Next: + +https://preview.redd.it/tputip8olzt81.jpg?width=828&format=pjpg&auto=webp&s=559d635e7adb2439d647f01e416d257c180c7c21 + +https://preview.redd.it/0avmx1nklzt81.jpg?width=828&format=pjpg&auto=webp&s=afe0b89ed5432e78a01195561eb42db9134abe59 + +From 6/14/21->6/21/21 GME continued to go lower and lower, no big peaks, no runs. SO why was **DREYFUS** relieved? Did the pen something to hide short interest in another way and that was the window of risk they had? Did they roll them forward? Interesting nonetheless.. + +&#x200B; + +Next/Last: + +https://preview.redd.it/4k6vtxz9mzt81.jpg?width=828&format=pjpg&auto=webp&s=8a63400167e67c517427f610e0e8fa9ad0034aff + +The Prestige.. solid movie.. but this final trick no one can figure out how this old feeble man can make a fishbowl appear out of thin air. He is wayyyy to old to hide it on himself its super heavy and to move it that fast wouldn't be possible.. until they find out this magicians long con is pretending to be feeble 24/7, even has a cane and shit, when in reality he is extremely powerful and thats the true trick. + +&#x200B; + +DFV goes for a cat nap after this. + +&#x200B; + +I think he was giving us clues onto what happened to the SI. Hence diluted risk=nap. + +&#x200B; + +**I bet if we LOOK BACKWARDS in Bloomberg terminal we can find out WHEN+HOW MUCH was transferred between these groups and find out what the fuck happened.** + +&#x200B; + +https://preview.redd.it/vbnxrthkozt81.png?width=400&format=png&auto=webp&s=2564ad5133de81da782e8c2155a8a6249e1cfe71 + +IF we can find ONE shell company associated with these transfers we have a smoking gun. We have proof that multiple entities colluded against retail to keep us broke the **ONE TIME WE HAD A SURE BET WIN.** + +&#x200B; + +CHEERS! + +&#x200B; + +**EDIT: If we know GameStop is shooting for a split, potential buy back, marketplace launch, and potential blockchain stock integration this summer I say retouching on options is smart here. Right now hedge funds are not hedging GME. They are using 100% of their ammo on price suppression.** + +**I personally would shoot for 200-220 options for July expiry. They will be fighting for their lives finding real shares, they cannot hedge with XRT ETF bullshit. If we force them to hedge, they have less ammo to bring it down, and create our own gamma ramp for us. Then they have to go out and hedge and create a higher gamma ramp up to 300-325 and they cannot sustain that.. giving GME holders a launching pad for MOASS.** + +**That + having to go out and find 7 unique blockchain shares for every short position is going to create MASSIVE BUY PRESSURE and could send this pressure cooker to outer space.** + +**The recent DD from the investor banking side of things also points me to this being a good strategy to grab them by the balls while they're fighting for their lives. Please read this before knee-jerking "options bad options bad."** + +[https://www.reddit.com/r/Superstonk/comments/u5klwf/interesting\_inside\_view\_from\_an\_investmentbanker/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/u5klwf/interesting_inside_view_from_an_investmentbanker/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**DFV and Cohen both run options, good options are good, bad options are bad. If you know companies short term plans options are much safer, we know this is one of their silver bullets and my personal stance is that this will hit em where it hurts.** + +**Options is the single most successful SHF FUD campaign we can't get past. And exercsising them can help someone gain more shares for a fraction of the cost. Then just DRS your shit afterwards. Wombo Combo summer + insane options exposure is fucking sick.** + +Not financial advice, if you aren't comfortable with options then just buy hold and DRS. We'll lock the float eventually or hit blockchain eventually. + +&#x200B; +Title says it all. I just don’t get wrinkly vibes from him too much. I get pretty quacky dumbass vibes actually. Like he’s not highly educated regarding the situation as he’d like us to believe and more or less just getting ready to repeat what others have said, maximize his verbiage, trying to pander to Reddit’s meme stock qualities etc he is no Susanne trimbath in my book. I don’t think he knows 75% of what we know so far. I don’t feel he is going to have any valuable information pertaining to gme stock and yea, unfortunately this is just my opinion so make sure to take it easy everybody. It’s just how I feel and I don’t have a plethora of evidence to support him being super uneducated. It’s my gut. :edit; let me add that I only feel this way due to his recent opinions toward the unmentionable. I honestly feel like he was bought out since he’s pushing what we all know is a trap. (What most of us know*) +Further edit: guys I get he started the evergrande discovery. Think for a minute how big of an asset that probably makes him for the hedge funds. I genuinely think his most recent talk is total BS and he is being controlled much like the media is. You guys can downvote all you want. My gut tells me it’s clear he WAS speaking the true true, and it made him become a perfect asset to buy out. I think that’s what’s happened. +FINAL UPDATE: you guys. Ok he discovered evergrande. I get it. But right now that man is a shill show and his evergrande discovery is fueling the trust for him to push an agenda that clearly is no longer his. I’m not stepping down from that. Its obvious to me and it should be obvious to any others. Let’s step out of the retard zone for a second and perceive the threat. For fucks sake. +I posted recently about a weird iron condor I built on AMC: + +[https://www.reddit.com/r/thetagang/comments/o295rm/amc\_iron\_condor/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/thetagang/comments/o295rm/amc_iron_condor/?utm_source=share&utm_medium=web2x&context=3) + +I don't plan to make regular updates, because there isn't much to talk about while I wait. But some people asked me to update if I modified the position any, so posting again to do that. + +The original position had $3678.11 risk, and max payoff was about 15x that. Several commenters pointed out that I could probably manage the position to eliminate the risk entirely. + +On June 30th, it seemed like AMC had plateau'd and was slowly starting to decline. The short puts had declined from $17.89 to the high $11s, so I bought to close 10 contracts at $11.85: + +&#x200B; + +[Buy to close on 6\/30](https://preview.redd.it/uhi82xv03eb71.png?width=1630&format=png&auto=webp&s=2ed2bfe9992dbe13e0695489e6506e1bedcacadb) + +My bet was just that AMC would move down below $38 at some point between now and December, and I could re-sell them at a higher price. I set a limit order and waited. + +Yesterday was the day. Sold the 10 contracts for $15.65: + +&#x200B; + +[Sell to open again on 7\/14](https://preview.redd.it/58rfjc463eb71.png?width=1600&format=png&auto=webp&s=ad577563e3a06f248c2fd832ca30956f8abb4773) + +So now I have the same position, but I've collected $60,108.12 in premium on a $60k spread. My min gain is $108.12 and my max gain is $60k if I get lucky on the price. + +Optionstrat link with adjusted prices to reflect my actual fills: https://optionstrat.com/tUKjw78GEm +Fellow Chinese speaking ape u/TreacleAggressive663 , who can’t post nor comment, from the GameStop sub has this to say; + + +Cannot comment on Superstonk, but this Ever grande official bankruptcy untrue!!! + +https://preview.redd.it/crnsqoohn6581.png?width=815&format=png&auto=webp&s=434a1cb112767e1bc4c9e8fd46b69db2da50281a + +The author uses a Chinese video on Webo as source. I'm a native Chinese speaker and listened to the video twice. There is no single word in the video saying it officially enters the bankruptcy liquidation process!!! + +Link of the source video: [https://m.weibo.cn/status/4713026726397862?wm=3333\_2001&amp;amp;amp;amp;amp;amp;amp;amp;from=10BB193010&amp;amp;amp;amp;amp;amp;amp;amp;sourcetype=weixin](https://m.weibo.cn/status/4713026726397862?wm=3333_2001&amp;amp;amp;amp;amp;amp;amp;amp;from=10BB193010&amp;amp;amp;amp;amp;amp;amp;amp;sourcetype=weixin) + +There are two parts of the video. + +Part 1 is fact. Mr. Yi, the China' central bank governor said that let the market do its job. The Chinese government will not bail out Ever grande. + +Part 2 is about the video maker's own opinion and analysis. It was primarily focusing on the priority of liquidation beneficiaries. + +China's central bank governor never said it's officially in bankruptcy liquidation process now!!! Untrue!!! + +The original post; + +https://www.reddit.com/r/Superstonk/comments/reixa6/chinas_central_bank_declares_evergrande_officialy/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=web2x&amp;amp;amp;amp;amp;amp;amp;context=3 + +( Insight by u/Danny_boy31 ) + +*There are 2 parts of that post:* + +*An alleged screenshot of an announcement from Mr. Yi, the China's Central Bank Governor who announced that Evergrande has officially entered into the bankruptcy liquidation process on social network platform for investors called XueQiu.* + +*A video on Webo stating who is going to get the priority during a liquidation process. The author of the original post did not say that the video says they have officially defaulted as far as I understood.* + +*They are 2 separate things. Obviously I don't know if either have been verified.* + +On that, I want to add, that Evergrande is the one responsible for announcing/declaring their bankruptcy. NOT the Yi guy or any other financial analyst, even if they are closely associated with the company, the company itself needs to put the word out. + +( u/bravestar3030 ) *Also, you file for bankruptcy and it is a legal process. actual bankruptcy has to be approved by a judge and then shit goes down depending on the terms. between filing and declaration a lot can happen, including a (full or not, see Greece debt crisis) bailout (which the CBoC has ruled out, for now).* + +Disclaimer for clarity from another ape that cannot comment, u/Marsych + +*I also cannot comment, but I don’t think the original post claiming Evergrande default is incorrect, the Chinese CB did not explicitly say Evergrande has defaulted but if you read between the lines they did say they would take a “lawful approach” basically meaning they will follow priority to claim assets in the event of a liquidation* + +Clarification; we all agree EG and its bonds (especially American commercial paper ones) are a dumpster fire ready to blow at any given day. The thing is, the CBoC did not explicitly state the company is (or is ready to be) bankrupt (*even if* they did it wouldn’t make sense, because the company has to do that). It only clarified it will regulate the imminent liquidation/bankruptcy indifferently. (I think all dollar bond holders are fucked) + +Let’s just call it a stage of denial. They haven’t paid, they haven’t filled (and declared) for bankruptcy. Fuck it, who cares? **DRS is the way!** + +Edit; replaced “FAKE NEWS” with “untrue” +Looks like Deloitte will be appointed as administrators. + +Fark. + +https://www.theguardian.com/world/live/2020/apr/20/australia-coronavirus-live-news-nsw-victoria-qld-contact-tracing-app-schools-exit-strategy-latest-updates + +Edit: Its happened. https://10daily.com.au/news/australia/a200420dmspo/virgin-australia-collapses-into-voluntary-administration-20200420 +Department store giant J.C. Penney Co. filed for bankruptcy, punctuating a slow, arduous decline for the once ubiquitous mainstay of America’s shopping malls. + +While the sudden shock of coronavirus-related sales losses ultimately undid the company, J.C. Penney has struggled for years under a multibillion-dollar debt load. Its bankruptcy filing in Houston included $900 million of financing to fund the company through its restructuring, including $450 million of fresh capital. + +The retailer -- once a favorite of middle-class suburban consumers -- had been seeking solutions to address billions of dollars in obligations after revenue evaporated amid government-imposed lockdowns to help stem the Covid-19 pandemic + +https://www.bloomberg.com/news/articles/2020-05-15/j-c-penney-makes-missing-loan-payment-to-stave-off-debt-default?sref=DOTC0U32&utm_source=facebook&utm_medium=social&utm_campaign=socialflow-organic&utm_content=business&cmpid=socialflow-facebook-business&fbclid=IwAR1jGmCTexACr-TVqDlAWbQPDdrYdEHXVFvoZYtMJ4dpSDsRrNk-P2yc6O8 +OK calm down apes, this is a good thing. Filing this now allows them to extract value from any price spike when they see fit in the future. We would be disappointed in the company if they failed to extract any value from the squeeze, as capital allows them to improve the business and service. + +This is the good, sensible play. These guys know what they are doing, and know they can also fuck the hedgies when the time is right. 3.5 million is nothing when 200 million are short. + +Keep the faith. Hold the line. Bide your time. The moon is ours. + +Edit 1. I'm an ape and need to correct autocorrect mistakes + +Edit 2. Link to article, didn't expect this to blow up like it did! + +https://www.stocktitan.net/news/GME/game-stop-announces-at-the-market-equity-offering-4l219uft8s2i.html + +Edit 3. Thanks for the up votes and awards etc but make sure you are doing it for real DD and Indredible analysis - this post is just meant to calm a few nerves in a sea of misinformation, so while I appreciate it, make sure you are giving love to posts that truly deserve it + +Edit 4. A few requests for me to change the title, but I don't intend to. The title is what it is, because that is the topic that is being discussed. There are plenty of excellent DDs diving into exactly what the filing is, and you should go and read their posts. This post is to give reassurance to Apes that have seen this "news" and have panicked. +**Update**: Thank you for your comments I'm really appreciated your inputs. Just to be clear that yes most of the exchanges between me and the agent was text messages but when I put down a formal offer of $740,000, it was a formal email with all of our details as required. + +&#x200B; + +I already posted this in a comment section in another Reddit sub so sorry if I'm repeating myself. So here is the story. + +We went to an inspection a few weeks ago for a house, price range is $750K-$820K. After went home a day or so, I texted the real estate agent if the owner would accept $760K. She got back to me and said she already got offers at low $800K. So I just accepted and moved on. + +Then last week she texted me again and said the house was open for more inspection. I asked back about the offers and she said the buyers had changed their minds. I said to her I liked the place and my offer was firm at $760K though. + +After that, she kept texting me about my offer and whether I wanted to put it down as a formal offer. There was a day I was so busy at work I said to her that I would definitely put down an offer just give me time and she said that I could just texted her my offer if I was too busy and she would arrange everything else. + +I then waited and did a second inspection last Saturday to see if we were 100% sure about the house. Also we bought the building & pest inspection from them so we wanted to go back and check and also other areas around the property (shops, trains station, schools, etc.) + +Yesterday was a day off and she texted me again constantly and asked if I wanted to put my offer in, like the whole day. She asked my preferred settlement day and she said she could do like 30 days, which I could move in before July (I mentioned I would be super busy in July). + +Last night I finally put my offer in at $740K. The reasons are firstly a few similar properties were sold back in February & March at about $760K, and obviously she has been desperate, plus I realised that the property was renovated without permits (they knocked down an internal wall and did a pergola). + +This morning she said the offer was below price range (which I knew) and she already got offer at $795K. I politely replied back "Thank you" and moved on. + +Then in the afternoon she texted me again and asked if I wanted to put in a revised offer. + +I checked the real estate website again and the house is open for more inspection later this week. +Me and my partner (mid 30s) have decided it will be too much of a financial struggle to start a family. Wondered if anyone else is in a similar position? A few years ago we thought we might be in a better position by now, but no, our salaries have stayed exactly the same while our living costs have gone up. + +We're both very good with money, have never had more than a couple of hundred quid in credit card debt, but have been leeched by expensive London/South of England rents over the years (our work really is only in this region). + +Some of our friends have had a lot of financial support from their parents so they could have kids. Others have been stung by childcare fees and the unexpected general cost of kids, and have racked up a lot of debt. I know priorities change when you have kids, but there really is nothing we could physically cut back on. + +It's sad but I don't want to be a stressed parent. I grew up in a poor home and it's taken me 15 years to get to a point in my life where I'm not constantly panicked about how little money I have. I dread having that feeling again, and potentially with a young child. + +Edit: I'm finding everyone's decisions, opinions and stories fascinating, thank you! +&#x200B; + +[Banner Submission by u\/New\_Competition4723](https://preview.redd.it/3xrflle340w61.png?width=1600&format=png&auto=webp&s=5f8ae16a645df808e05a223f43fdd5f6b5e1aab0) + +# Good Morning Superstonk!! + +🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍🖍 + +Does everyone have their permission slips for the AMA today? Did you remember to bring a banana and crayon sack lunch? We [vibing](https://www.reddit.com/r/Superstonk/comments/mzya83/me_n_the_boys_vibin_to_this_every_time_gme_spikes/?utm_source=share&utm_medium=web2x&context=3)? Good! Let's get it! + +&#x200B; + +[3pm EDT](https://preview.redd.it/92uchfw6n0w61.png?width=890&format=png&auto=webp&s=a7c13d8fca5127935aa16d086e519137fa9786bf) + +I've been going on all week about this AMA and talking about how excited the mod team is to be bringing you this level of relevant information on our ~~little~~ growing platform on reddit (and now YouTube). I've been telling you all about [Dr. T](https://www.youtube.com/watch?v=7_Yv0ojfOl4) and getting you familiar with who she is and just how long she has been fighting the good fight, trying to expose naked short selling for what it is. It's admirable. It's legendary. And up until now, she has never met such a large group of apes, willing to learn and evolve to better understand this big, beautiful picture that is coming together. + +&#x200B; + +But I also want to temper expectations. + +&#x200B; + +There will be no planned questions about dO YoU tHiNk ThE sQuEEzE wIlL sQuOzE?! Dr. Trimbath is a professional and we respect her valuable time. She is doing this for us for free. And u/atobitt is a well trusted ape that is perfectly capable of representing this sub eloquently and succinctly. You've got this buddy. Good luck today 💪 + +&#x200B; + +Having said that, Dr. T has been reading up on some of the "God Tier" DDs such as those authored by u/atobitt. So she is familiar with where ape is at on the evolution chart. Spoiler:>!not far.!< But she has not been in this rocket since January with us. She's not aware of some of the nuances that we have discovered with our peer reviewed DDs that we share here. And as much as she has read and seen while lurking, no one has the answers to everything. + +We are capable of continuing to evolve as a community, and the interview with Dr. Trimbath today is proof of that. It's kinda like sitting at the big kids table for the first time, huh? \**Tries desperately not to spill ketchup on the tablecloth\** + +&#x200B; + +https://preview.redd.it/gy0blpp4b1w61.png?width=700&format=png&auto=webp&s=3a65abc1d4ebab76b48c6d25c74bdf44404803db + +[**AMA**](https://youtu.be/9rKS92zwh_o) **starts today at 3pm EDT. Here's a** [**time zone converter**](https://www.thetimezoneconverter.com/) **for my smooth brain babies.** + +&#x200B; + +Here's Brick Tamland aka u/Bye_Triangle with the Breaking News + +# 🚨Breaking News- Proxy Documents Released🚨 + +BREAKING NEWS + +I HAVE BREAKING NEWS! + +... YELLING!!!! + +Most of you know Gamestop released their Proxy Documents. This is a very hot topic and so a lot of people are linking it all over the place. We have received reports of attempts at getting users to click phishing links. We advise you to access the proxy documents and voting site, through OFFICIAL CHANNELS ONLY. That is to say, by one of the following methods: + +\-Through the GameStop Corporate website, accessible through a link on the bottom of [Gamestop.com](https://gamestop.com/) + +\-or- + +\-Through links provided by your broker + +**As many of you know there are lots of bad actors around right now, so it's best we are careful. Just like how we don't talk about positions, just an important precautionary measure.** + +When the proxy docs came out, I excitedly jumped for joy. Another opportunity to bring you apes more breaking news... yes, please! I immediately said to pink that I was going to dive in and deliver a full deep-dive report, I couldn't wait... + +[https://imgur.com/a/v1K08uU](https://imgur.com/a/v1K08uU) + +So yeah, I may have jumped the gun.. 54 pages and then all the supporting research to see what is and isn't actually that relevant. So... instead of a fully fleshed out deep dive, for now, I bring to a broader overview of some of the highlights: + +\-Despite a pandemic year, GameStop only lost 9.5% of sales, which seems pretty bullish considering that all year they suffered closures across the USA and elsewhere. + +\-Perhaps it was because GameStop saw an increase of 191% in their Ecommerce sale! This due in large part to the huge improvements they made over the course of 2020 + +\-The board Recommends voting for ALL nominees (That includes George Sherman) + +How to vote: + +[Lot word](https://preview.redd.it/dftqbwx251w61.png?width=1262&format=png&auto=webp&s=663511e0ba42d84fa8dd0da75c1a83242c86147c) + +There is lots more info these pages, I am still working through them myself. I may do a deeper dive in the future if some wrinkle-brained ape doesn't get to it first. I encourage any and all apes to spend some time combing through the proxy docs, who knows what you'll find! Also, this is the company you are invested in, telling you about your investment, so it's worth reading the summary at least. + +Back to you, u/Pinkcatsonacid! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# + +https://preview.redd.it/mitm2w7ir1w61.png?width=758&format=png&auto=webp&s=a15f203ced7f63ddab7e3b074ca4800005176468 + +# Annual Reports + +Alright, I'm quoting u/luridess on the annual reports because she is wrinkly and lovely and astute and I know you won't read it if I just link it: + +&#x200B; + +**Here's the TLDR 🦍 Translation of a Company's** **Annual Reports:** + +* A company's "[Annual Reports](https://investor.gamestop.com/financial-information/annual-reports)" is just a fancy way of sharing their annual SEC 10-k filing with the public. +* Information in an Annual Report includes: + * Letter to Shareholders (new) + * SEC 10-K filing (not new information - usually submitted at fiscal year end a month or so before) + * Fancy corporate information at the end of the report (new) +* You can find all official corporate documentation on: + * [a company's website](https://investor.gamestop.com/financial-information/sec-filings) or + * [on the SEC website](https://www.sec.gov/edgar/browse/?CIK=0001326380) +* You DO NOT NEED to visit any proxy sites to obtain this information +* DO NOT TRUST ANYONE - Only follow links to proxy sites that you find on: + * the official company website; or + * in documents filed on the SEC website + +&#x200B; + +So please, stop hyping up Gamestop's 2020 Annual Report (regardless of when it's being released) or any legal document or corporate filing, before you actually read it and understand what it's about. + +**What you are doing is:** + +* giving shills an opportunity to make similar posts using fake links for phishing/scam/fud purposes +* setting yourselves up for disappointment - example: OMG ANNUAL FILING RELEASED MOASS CONFIRMED (when that is not actually the case) +* setting yourselves up to be fooled/manipulated by actual shills who want to spread FUD - example: OMG ANNUAL FILING RELEASED BUT NO MOON I'M SELLING THIS IS FAKE YOU SHOULD SELL TOO + +I know we are all excited and we want this thing to moon... but we have to be careful about the information we are posting and read things with a critical eye. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# SEC Director of Enforcement Alex Oh, Former Wall Street Defense Attorney, Resigns + +So [a statement](https://www.wsj.com/articles/new-sec-enforcement-director-alex-oh-resigns-agency-says-11619644474) by the new head of the SEC Gary Ginsler (who, by the way, hired Alex Oh as his first hire in his new position) is really all I want to focus on here. As [sus](https://bettermarkets.com/newsroom/resignation-sec-s-new-enforcement-director-opportunity-break-sec-s-corrupting-practice) as this is, the main takeaway is the quote, "I thank Alex for her willingness to serve the country at this important time." + +It was a very vague, broad statement to make on the matter. Though I wouldn't say much about a new employee that decided to show up for less than a week, get full access to everything currently being investigated, ~~randomly run a few paper shredders~~, then bounce, either. + +But what the hell is this "important time" Mr. Ginsler is talking about? I understand there is still a pandemic and such, but what could the SEC deem so important right now? The market is strong, banks are showing better-than-expected quarterly earnings, just like they did in [2008](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/?utm_source=share&utm_medium=web2x&context=3) and... wait... oh no. Mr. Stonk, I don't feel so good....🤷‍♀️ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A note from your friendly local pink cat 🐈 + +I haven't been able to interact as much in the comments, and I'm sorry for that!! I'm swimming in new responsibilities that I'm taking on with a ferocious appetite! I'm so proud of u/redchessqueen99, u/StonkU2, u/Bye_Triangle, u/atobitt, and all the other mods that have been seriously working their tail ends off to bring you guys the evolution that is happening before your eyes within this sub. It's a labor of love that is starting to feel just a little bit like destiny. Remember when we migrated from WSB to GME? PinkCats remembers. Remember when we made the largest subreddit jump in reddit history and moved to our new home of r/Superstonk? Look at what this community has created. We are broadcasting our peer reviewed findings on our very own YouTube channel today. To the world. And the world is watching (hello world!) because there is magic in this jungle. 🍌🍌🍌🍌🦄🍌🍌🍌🍌🍌 + +&#x200B; + +https://preview.redd.it/8xwfrewpj1w61.png?width=554&format=png&auto=webp&s=f6304d77f8486a0453f742323ff5dd9eeec4ead0 + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +&#x200B; + +https://preview.redd.it/bu7oz9wtj1w61.png?width=540&format=png&auto=webp&s=c6b6acd4ddc777c46d13fb74a984c0b2f8b6c3de + +**Links you should read if you have time:** + +[**https://spiramus.com/naked-short-and-greedy**](https://spiramus.com/naked-short-and-greedy) + +[💖](https://www.reddit.com/r/Superstonk/comments/mzyo82/the_big_picture_is_beautiful/) + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) +Hi Fam, mass at work / peers always ask me why I don't buy my first home ? I simply said that I hate debt, hate being a slave for 30 years and my capital could be used towards something else better. I started talking about stonk's having around 6 figures worth and trying to aim FIRE with 7 figures by 45, they all saying it's risky... I said that losing your job and having a mortgage with kid's is more risky, there's no guarantee I will keep the house ⠀and kid's but my stonk's will be with me for life \*\*HODL\*\*. They all look at me like I'm some sort of retard, but then they go and congratulate a person using 20x leverage to buy a piece of box. Who's the autist ? +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.