diff --git "a/reddit_finance_43_250k_89.txt" "b/reddit_finance_43_250k_89.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_89.txt" @@ -0,0 +1,10000 @@ + +The public participation phase is where chautists and other plebs like us get in on the action and is where price increases and business news improves. + +The distribution phase is where cabbies start giving you tips, your stonk appears on a 9 News pump and everyone is bullish AF. Volume, prices and participation increases across the board. Anyone who can download an app joins the fun. + +This is leads to the distribution phase and is pretty much where our original astute investors quietly get out and the remainder slavishly buy up future bags to hold. This is disturbingly recognisable. Are we there yet? + +JJ says Elliot Wave Theory closely resembles these Dow divisions. + +4. **The averages must confirm each other** +Dow thought that a bull or bear market indicated in the rail average needed to be confirmed in the industrial average to confirm. This will be discussed later. + +5. **Volume must confirm the trend.** +*Volume should expand in the direction of the dominant trend. i.e. in an uptrend, volume should increase as the price does and diminish as prices fall.* + +*In a down trend the inverse should apply i.e. Volume should increase as prices drop and diminish as they rally.* + +I have come back from the future chart section in post 2 to underline and italicise this. You will see it soon. + +JJ says savvy chautists check volume and price to ensure each confirms the other. + +6. **A trend is assumed to be in effect until definite signals that it has reversed.** +Familiar from premise #2. Trends in motion tend to stay that way until they aren’t. This is where TA comes in. There are lots of indicators which are helpful in identifying when this is likely to occur. We will spend a lot of time on these down the track. + +**Criticisms of Dow Theory** + +The big one is that Dow theory misses 20-25% of a market move before generating a signal. This is a lot. However, it wasn’t his intent to predict trends and be a day trader – he was interested in long-term trends and taking profit from the long mid-sections of these trends. Apparently his theory does that quite well. Dow theory isn’t excellent at picking market tops and bottoms but it’s pretty bloody good at what he intended it do. He was a clever bastard. + +**Summary of Post 1** + +This first post covers what TA is and what Dow Theory suggests. There’s a fair bit of overlap. Already I can see that those who poo-poo TA actually use elements of TA in their trading. + +TA is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends. + +1. Market action discounts everything + +2. Prices move in trends + +3. History Repeats + +If you accept this as fact, you can use accumulated knowledge to gain a bit of an edge in understanding what prices are likely to do next (within reason) and profit from that knowledge. This knowledge may enable me to be less of a gambler and more of a trader. Or not. + +***Next post in a week or so: Chart construction and basic trend concepts.*** +If you want to join the big boy club and actually start making money on Crypto - stop wasting your money on the latest 'trends' because I can guarantee they will die quicker than the flowers you bought for your mother last valentines day. STOP buying things that are copies of EverRise and Shiba Inu. + +Just buy a real god damn utility token BEFORE it comes into real world use (hint: Velorex) + +&#x200B; + +&#x200B; + +**"So what do you recommend I invest in, Mr. Know-it-all ??"** + +&#x200B; + +VELOREX! + +Velorex is have solved the problem of the unbanked countries, countries that are having problems with crypto regulations, and all countries in general because their idea is ground-breaking, by putting crypto ATMS out there, worldwide, trading at least the top 20 cryptocurrencies directly from and into Fiat currencies. No longer will the people have to rely on traditional banking structures to access and store their funds. + +That means, in other words, that you will be able to withdraw/deposit fiat with the ATMS through automatic transactions via Velorex, so Velorex token will have an extremely high amount of daily volume which (due to deflation) will make the price just keep going up. + +Usually the best crypto ATMS in the world right now are trading max 6-7 tokens, so this is tremendous, being able to trade top 20 cryptocurrencies minimum is a major USP (Unique Selling Point) + +&#x200B; + +&#x200B; + +**"What makes you trust this project with all of the scams, honeypots , etc going on right now?"** + +&#x200B; + +The core team includes 3 members who's names and faces are available on the website with their linked-in profiles, and so far they have done everything in their power to gain community's trust. The rest of the team have been nice and trustworthy so far as well. There have been some struggles in the past but the current owner Todd has done an immense amount of work for the community and has rightfully gained the trust of all of the current investors due to following through with actions, time and time again. + +The owner Todd, has a linked-in account here : [https://www.linkedin.com/in/todd-taylor-5739b4215/](https://www.linkedin.com/in/todd-taylor-5739b4215/) + +&#x200B; + +&#x200B; + +**"So how can you actually make a million on crypto?"** + +&#x200B; + +Current marketcap is insanely low for this type of token sitting around $1m at the time I am posting this, with tokenomics being 10% tax total (6% long-term funding, 2% redistribution, 2% burn). It has an initial supply of 500m and by what the devs are saying, their plan is to reach around 175m supply. + +I have a position of $x,xxx and I expect a minimum return of around 290-320x before I will be pulling profits. I expect this to happen within 1 year of the release of the ATM machines. Many countries are beginning to legalise cryptocurrencies and I can see an extreme demand for Crypto ATM machines coming in the near future. + +&#x200B; + +&#x200B; + +**"What else do I need to know and where can I do my own DD, I can't just trust this reddit post?"** + +&#x200B; + +I would recommend speaking on the voice channel with the lead developer / owner Todd - or you can contact any of the team like John etc who will be able to answer any questions you need. I always keep the Telegram channel open so I will provide that below along with their website. + +&#x200B; + +Telegram: [https://t.me/velorex\_net](https://t.me/velorex_net) + +Website: [https://velorex.net](https://velorex.net) +This is an excerpt from a comment + + +" When you reduce humanity to being solely motivated by money and benefits then you miss the entire point. For as long as people have existed, thousands of years before capitalism people have been creating stuff. Not because they were getting paid but because they've simply wanted to. + +If this were not true we wouldn't even be here today. The economic system wants you to believe that humanity would not get out of bed unless money existed but that's a lie. Sure people say they wouldn't work if they didn't have to. But put them in that situation for long enough and they will create something to do besides snoozing under palm trees. + +The human spirit is a restless thing and it always dreams of what could be. That dream is the real motivator nothing else. + +Now I'm not saying people would be willing to go and sit in a horrible office and eat shit sandwiches if they weren't being paid to do so. Absolutely most people would stop that kind of mindless busywork tomorrow. They would instead choose to go and do something that has inherent meaning (and therefore inherent worth) to occupy their time. + +And before you ask - yes I have a degree in Economics and I also happen to think Economics is a load of bullshit. Mostly because it doesn't take into account basic human behaviour and motivations. I spent three years earning a degree in it and came to the conclusion that it's a false premise. It has no business being called a social science. Science has nothing to do with it. It's a theory and there is no experiment you can do that will produce repeatable, measurable proof of it's validity out there in the real world." + + +Is this a good argument against economics and capitalism in general ? +You guys all remember the Ken Griffon video where he talks about surviving one more day, right? + +Last night, RC basically told us "MOASS in coming this summer whether you like it or not" with the share dividend announcement. + +If you're a SHF, you have two options. + +1) Lose infinity money today by closing your position + +2) Lose infinity money in July when you're forced to close your position. + +If your goal was to survive one more day, would you give up today, or would you do a bunch of shady shit to get the price below max pain so that you don't have to cover now? + +Just remember that they want you to be frustrated and make decisions based on emotions, not on logic. +No, this is not another *"guys I'm sure we're in a bear market this time"* post. It's just that most of the threads catastrophising about a bear market don't really elaborate on what people should be doing. + +I'm new and since my experience investing is mostly in this absurd bull run betting on growth tech stocks with infinite P/E, I'd like to learn what to do in a bear market so that I have some prep when it happens. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +hi folks, + +I'm still a noob and reading sub and a website called optimized portfolio ([www . optimizedportfolio . com](https://www.optimizedportfolio.com)) has been helpful in learning the basics. There is a section where the author lists 52 lazy portfolios, all back tested. + +I looked at them and have no idea which is the best! Maybe it's staring me right in the face and I can't see it. Obviously I am looking at maximum growth with minimum risk. + +How do i see which is the best portfolio for me? ( [https://www.optimizedportfolio.com/lazy-portfolios/](https://www.optimizedportfolio.com/lazy-portfolios/)) +Hi everyone! + +This is probably going to be a long post but bear with me… + +Ever since I (M30) can remember, I’ve been a very impulsive spender and I just can’t help myself. My wife (30) is much more reasonable than me and a lot more stingy but somehow I always manage to convince her (and myself for that matter) that spending whatever money I’m about to spend, is OK. Despite all the very detailed and elaborate Excel sheets and budgets I prepare for every month, we still somehow manage to spend it all. We are both 30 years old and still living paycheck to paycheck. We both have solid and stable 9-5 (more like 9-9 really) jobs and have a combined monthly income of $11.5K after tax. After our monthly fixed costs of about $5K (apartment, utilities, cars, motorcycle, insurance, phones, gym, groceries, haircuts and whatnot) we still manage to somehow blow through about $6.5K a month (I honestly don’t even know where it all goes). We’ve been living like this for at least 4-5 years now (making a little less at first and slowly increasing). We’re still paying off about $10K in credit card debt which doesn’t seem to move and we only have about $8K in savings and roughly the same invested in liquid assets. We don’t have kids btw and don’t plan on having any for at least another 2-3 years. + +I really want to get a grip on our financials and start paying off our debt quicker (this really shouldn't be so hard with all the "extra" money we have every month) and putting more away into savings or investments but I just can’t seem to stop my impulsive spending, mostly on trips, eating out, parties, clothes, motorcycle parts etc. I’m even considering buying a new car or a 2nd motorcycle which I realize is crazy even if I can afford it. I guess I’m just torn between enjoying the next couple of years before the kids come along or slowing down a little and start building a more solid “foundation” for our family. I do want to stress the fact that I am mostly at fault here. My wife sort of goes along with my spending but, for the most part, she does make a much bigger effort to spend less money than I do (she grew up sort of poor whereas I was pretty spoiled). Anyway, I just can’t seem to figure out what’s wrong with me. I am completely 100% aware of my recurring mistakes of overspending and I do make concrete budgets and plans to spend less money and I have every intention of doing so but in the heat of the moment, I’ll always be like “f\*ck it, YOLO” and out goes another $1K just like that... + +Do I need professional help? Is seeing a shrink my only option? I'm seriously considering this! + +Edit: Wow, I didn't expect to receive this many responses! Some are much more comprehensive than others but they are all still valid and helpful. I just want to say THANK YOU to everyone for taking the time to give me your extensive advice and sharing some of your wisdom and stories, some of which are quite similar to mine. I have read most of your comments and still have some to read but this has already given me very valuable guidance and, more importantly, the motivation to change my ways! I just had a chat with my wife and told her that I want to get VERY serious about getting our finances under control and I did mention some of the things I read in your comments. She seemed very excited and is 100% supportive. She has my permission to yell at me, slap me and even kick me in the balls if I'm ever about to go on another random f\*ck it YOLO spending sprees! +Nobody can take anything away from Cathie Woods and Ark Invest. Their success has been amazing but at this point caveat emptor. Because of all of the new money (at one point more than Blackrock YTD) coming in, she now has to buy stocks at any valuation and cannot be as concentrated; the returns will suffer. I'm not saying that she isn't a great stock picker or anything about her ability to pick up on trends. You need to make sure that your time frame matches hers. Her time frame is 5-10 years. What we are seeing is not anything new. It has happened many times in history. I know what you're thinking, this is different. Do some research on the Munder Net Net Fund. I'm not saying that she can't get great returns or beat the S&P 500 over time, but you need to manage your expectations and strap in for some serious volatility and drawdowns. +Folks, CCIV is a SPAC with a net asset value of $10 per share. That means that when the managers negotiate the price with their target, whether Lucid or anyone else, they are offering cash for a percentage of the company at a valuation that assumes $10 per share is fair value. If the market then wants to meme something higher after that, fine. + +But Lucid is already a meme with known hype, so they're not going to give away a percentage of ownership to CCIV except at a ridiculous valuation. The current $58 CCIV price assumes that Lucid is worth 5.8x that unknown price. Except there's a chance of failure incorporated into that price so it really assumes an even stupider multiple. + +So what happens when the deal is announced and the (moronically high) valuation is announced? Everyone with any brains is going to dump their stock on any fool who will take it without knowing or caring about this stuff. + +It's dangerous as hell. Be very careful with your strikes and expirations, the only winning move at this point is to get out before the announcement on some favorable price movement. + +Edit: At rumored $12B valuation on the deal the stock price is valuing it at $70B. Ford is worth about $44B. Good luck out there. +I have some cash set aside to write some CSPs this next week and as I was doing my research, I wondered how many CSPs does everyone else write weekly or monthly. + + +I noticed some of you do this for as a job, but enjoy the hell out of it. I would like to get to that stage in the future but want to know how much money does a full time trader set aside for their weekly/monthly trades and how many companies you all write puts for.. +It’s like everyone there has a 50,000 dollar emergency fund. 100k in savings. Getting paid 100k a year. Meanwhile I’m unemployed and struggling to meet my basic needs. It’s just so depressing. +https://www.wsj.com/articles/recession-fears-hit-risky-mortgage-debt-amid-default-concerns-11666141828 + +TL/DR: Fannie and Freddie issue essentially what are credit default swaps to investors. Investors take on the default risk of Fannie and Freddie's mortgage securities instead of the taxpayer. Investors selling them back, don't want the risk anymore. + +What do you think? Inflation is high, Fed increases rates, anybody with an ARM can't afford the payment and defaults. This has 2008 written all over it. Anybody else seeing this? Get ready for a good buying opportunity! +I'm seeing a-lot of comparisons going on to the bubble in 1999 with the crazy valuations going on. Furthermore, I see the same things like 08-09 was the last time we had a serious correction and increasing Covid cases with the weakening dollar could be the catalyst blah blah blah. Who the hell cares? This fear mongering of what might happen tomorrow is some shit i'm tryna leave behind in 2020. The bigger picture here is that our very landscape has changed in the last 2 decades and we have to stop being scared of change and fear of a correction. Can it happen? Sure, in fact it probably should happen but will that change anything in the long term? No. Here's a few differences between our very economy now versus what it was like 10-20 years ago... + +We live in a day and age where more people have access to investing in our history with zero commission trading fees and apps like robinhood, acorns, or betterment that appeal appeal to the beginner investor. The result is that the younger and younger generations are becoming more involved in the investment sector of the economy. Coupled with the fact that a large part of these young investors Millenials and Gen Z, do not own a home and/or live with their parents they have more freedom to put their disposable income into the market. What's interesting is that millennials are actually one of the most cynical generations towards the stock market mostly because we have lived through two major recessions in recent times and have a large distrust placed in large financial institutions. This seems to have fundamentally changed proportion of americans who are benefitting from the stock markets bull run from an individual standpoint. However, with the rise of 401(k) benefits offered by employers and expansion of these plans, millennials are shifting more disposable income towards these options as opposed to self directed or individual plans which tells a different story. + +We live in a day and age where new financial instruments and investing options are dominating the market popularity. The historic rise of ETFs approx +6,000 since 2009 have ushered in a new era of low cost diversification for the average investor. Employers are increasing 401(k) benefits and company match policies allowing for large capital accumulation among younger investors who are reaping the benefits. The rise of cryptocurrency has brought in an entirely new method to invest in the future which is particularly attractive to the younger generations who have lived through the technology era and have seen what investments in the future can look like. + +We live in a day and age where we are exchanging information at the blink of an eye with a simple google search. Trend identification and data analysis in this day and age is easily accessible and a powerful tool to the average investor. Things such as cloud computing, AI, Genomics, blockchain, green/renewable energy are changing the foundation of our future and these ideas aren't going away anytime soon. Access to social media, blogs, investment forums have never been easier and will continue to advance our general education and understanding. + +Who knows what the next 10, 20, or even 50 years will bring? I don't know but i'm certain that **change is here to stay** so stop worrying and embrace the unknown. + +While I do agree with you in the fact that some of these company valuations are insane and this bull market cannot be seen as sustainable in the short run I think it's important to weigh those concerns with the macroeconomic factors that have changed the investment landscape in the last 10-20 years. You should have a healthy dose of skepticism otherwise you will be caught off guard but you should also take into account the investing world is evolving and traditional metrics and guidelines in which investors have traditionally based their investment decisions on needs to adapt with it. What remains true is that not all great things can last forever and a healthy correction is brewing in the future and trying to time it is, and always will be, the worst mistake you can make. DCA into your positions has and always will be no matter what the best way to invest. + +Who knows what the investment landscape will look like in 10-50 years? Creative destruction in our world knows no bounds and we are constantly advancing toward it. Change is brought on by optimism and in a 2020 lacking that - heres to a forward looking future built on the backs of bulls! + +&#x200B; + +Edit 1: Been getting a lot of traction and appreciation as well as hate for this post so I want to clarify a few things about what i'm tryna say here. + +1. I am not saying invest heavy into Technology/Clean energy or any of the other crazy shit that's been popping cause it will stay that way. I am saying that look at what technology and advancements we have made just in the last 10-20 years as a global population and tried to tie it to financial advancements related to technology. What will the next 50 years bring? I don't know but i'm excited to find out. +2. I am aware that we are in uncharted waters here as a country and there are a lot of risks regarding the economy right now. You'd be an idiot to think that there are not going to be consequences for the amount of money printing we've been doing. The M1 money supply just shot up this last year and if we hit inflation we could be in trouble. Invest smart, look for value, average in, don't buy into the hype/FOMO, you'll be setting yourself up for some losses. +3. My post is geared to a lot of the newer investors that are coming into this space trying to figure out what the fuck to do with their money. A lot of them are scared about what could happen with the economic factors right now. I am saying that look at us as a whole in a broader sense of the market - look what we have done in the past 10-20 years as a nation and as a global population. It's fucking exciting and that innovation and drive for the next generation future will never stop. Think long term always as a new investors, you're young and can handle losses. I saw a comment on another thread saying "take your initial losses as tuition in learning how to invest" and that is the mindset of a winner in the long run. Investment in yourself and making your dollar work for you is building that future and its exciting. +4. Stop calling me stupid/naive it hurts my feelings lol. I'm a youngin who wants all this 2020 fear and negativity to stop and I want my fellow youngins to join me in building a better future. + +Cheers! + +Edit 2: Thanks for Gold! + +Again, please just take this post at face value and not for what it isn’t. In no way shape or form should this be taken as financial advice or recommendations as everyone’s situation and appetite risk is different. You can nit pick my post for what it fails to cover not consider blah blah blah. My point is plain and simple - there’s a lot of worrying going on right now in the market but investing for your future is the best thing you can do especially if you are young and haven’t started. +EDIT: MY ISSUE ISNT HYPE AT GOING UP. MY ISSUE IS THOSE SAME PEOPLE HYPING ARE THE ONES CRYINF WHEN WE SEE A SLIGHT DOWNTURN. WHERE IS THE HYPE THEN? + + + +I've seen the sentiment in the daily chat change from "WOW 30% JUMP LETS GOOO" to "FUCKING CRIMINALS!! 11% DIP! FUCK THIS MARKET, FUCK YOU ALL" + + +When the MOASS kicks in, you'll see 100% gains, 50% dips. 100$ spikes followed by 200$ dips. + + +If you can't handle this, how are you going to handle the MOASS? + + +The DD is correct and there's been a ton of "theories" that have been proven true recently. + + +MOASS is inevitable. Stay zen my apes +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I have one I need to prep for winter and get filled. As a kick in the butt I asked my daughter if she wants to camp out at it. So we are now in sleeping bags in our own rooms. Am I crazy? +We all received the email. Here is my summary. + +**The main changes are (effective from 21.12.2021), based on the UK fee schedule:** +-------------------------- +***Stocks*** +--------- + +* For all Stocks, ETFs, ETPs, Bonds, Investment Funds the new commission is fixed and does not have a percentage factor. + +E.g. United Kingdom fee was £ 1.75 + 0.014% now it is simply £ 1.75. All the other EU exchanges have a fixed commission fee of 3.90 euros !!! + +* For United States and Canada Stocks, the **new commission is fixed to 0!**. It was € 0.50 + USD 0.004 per share. + +!!!***Concerning the paragraph "Overview of costs of third parties"***!!! +--------- +I have asked Degiro by email and waiting for a reply before I update my post. **However, I understand that there will be a fixed 0.5 euros fee for any buy / sell transaction.** + +NEWS: They confirmed a fix 0.5 euros fee for any buy / sell stock transaction. + +***ETFs*** +--------- + +* For non-free ETF the commission was € 2.00 + 0.03%. Now, **it becomes fixed at € 2.00!** + +***Foreign currency*** +--------- + +* Automatic FX: fee goes to 0.25% from 0.1% +* Manual FX: fee goes from € 10.00 + 0.02% to € 10.00 + 0.25% + +**Example**: If I buy 1000 euros worth of Apple stocks then I will pay 1000 * (0.25/100) = 2.5 euros in FX fees + 0 US stock fee + 0.5 NEW fixed fee (see "Overview of costs of third parties"). Total: 3 euros for a 1000euros investments so 0.3% + +***DEGIRO Exchange Connectivity Fee*** +--------- + +* **Remains the same** at € 2.50 (max 0.25% of your account value) per calendar year per exchange. + +***Position transfer fees*** +--------- +* **Remains the same** (see page 10 of the new schedule or page 9 of old schedule). + +***Debit rates*** +--------- + +Here we have an **increase** to: +* Unallocated debit rate (all currencies) 4.00% | Allocated debit rate (EUR) 3.00% | Allocated debit rate (USD) 3.00% | Allocated debit rate (GBP) 3.00% + +from: + +* Unallocated debit rate (all currencies) 4.00% | Allocated debit rate (EUR) EONIA (minimum of 0) + 1.25% | Allocated debit rate (USD) USD LIBOR (minimum of 0) + 1.25% | Allocated debit rate (GBP) LIBOR (minimum of 0) + 1.25% + + +**Source:** +--------- + +Current fees: [https://www.degiro.co.uk/data/pdf/uk/UK\_Feeschedule.pdf](https://www.degiro.co.uk/data/pdf/uk/UK_Feeschedule.pdf) + +From 20.12.2021: [https://www.degiro.co.uk/data/pdf/uk/UK\_Feeschedule\_December\_Basic.pdf](https://www.degiro.co.uk/data/pdf/uk/UK_Feeschedule_December_Basic.pdf) + +Bonus +----- +How do they still make money? + +1. ⁠They increased the price of foreign currency exchange via auto FX trader from 0.10% to 0.25% +2. ⁠There is a connectivity fee for each exchange +3. The new schedule will attract much more clients so 1. and 2. will produce more than enough revenue. +4. Free list of ETFs: they must profit somehow with deals with the exchanges. + +!!!**VERY IMPORTANT Bonus 2**!!! +----- +**APPARENTLY, the new fee schedule is not common across EU countries**. All the above are based on the UK fee schedule (https://www.degiro.co.uk/data/pdf/uk/UK\_Feeschedule\_December\_Basic.pdf). + +**HOWEVER, THERE ARE DIFFERENCES**. For example, looking at the **French Fee** schedule (https://www.degiro.fr/data/pdf/fr/Tarifs_December.pdf), **the commission fee for ALL ETFs is 0!** (page 2 of 14 of the pdf) +i’m 21 years old and have saved up €16K. All of that money is sitting in a german girokonto doing nothing for me. I have no experience with investing and am lost as to where to start. + +I heard ETFs like S&P 500 are the way to go, but I don’t yet understand what to do with this information. + +Any advice, resources and help are appreciated. +Canada should loosen travel restrictions and ���enable us to do some reasonable amounts of business,” the head of Air Canada said. + +Chief Executive Officer Calin Rovinescu said the Canadian government’s rules on travelers are now “disproportionate” as the COVID-19 pandemic eases in many regions. + +Most international flights have been canceled and the U.S.-Canada border has been shut to all but essential travel since March 21. That could be extended past the planned June 21 expiry, the CBC and Reuters reported this week. + +Prime Minister Justin Trudeau’s government has enacted a mandatory 14-day quarantine on anyone returning to the country, even if they have no symptoms. Some provinces have even barred entry by Canadians living in other provinces. + +“These emergency measures need to be introduced with a certain sense of proportionality,” Rovinescu said Thursday on a webcast with Aviation Week. + +The growth in COVID-19 cases and deaths has slowed in most of Canada and provinces have lifted many pandemic restrictions on businesses. Canada is closing in on 100,000 cases with almost 8,000 deaths. + +Transport Minister Marc Garneau’s office did not immediately respond to a request for comment. + +Years to Recovery + +Airlines are pushing back after months of limitations on travel. A move by the U.K. government to force a quarantine rule on incoming travelers sparked an uproar, with carriers including British Airways parent IAG SA saying they’ll mount a legal challenge. + +Air Canada has cut 20,000 jobs and said it does not see a return to 2019 levels of revenue and capacity for at least three years -- an outlook Rovinescu reiterated on Thursday. To weather the storm, it has raised new equity and debt and expanded cargo services, but it has not tapped into an emergency loan program from Ottawa. + +The airline said last month it expects capacity in the third quarter to be 75 per cent lower than in the same period last year. Bookings reached a bottom in April and the first two weeks of May and have been improving since then, Rovinescu said Thursday. + +The company’s shares were down 9.4 per cent to $17.67 at 12:20 p.m. in Toronto as global markets tumbled on concerns about a second wave of the pandemic, bringing their decline to about 63 per cent this year. + +In response to a comment that the border restrictions have worked out reasonably well, Rovinescu said: “I can tell you one thing. It did not work OK for the 20,000 people who have been laid off.” + +https://www.bnnbloomberg.ca/let-us-fly-again-air-canada-ceo-pleads-to-trudeau-s-government-1.1449078 +We sometimes see questions asking if an individual's tax return is likely to be audited. + +While there is an extremely small chance that anybody's return could be selected for audit randomly, the chance that any return is audited for any reason is less than 1 in 200 overall as of late. (For the self-employed, it's a bit higher, at about 1 in 100.) And those numbers include returns for people not very much like a typical taxpayer, so typical return audit percentages are much smaller than even these numbers suggest. + +Key things to be aware of: + +- First, an audit has a specific meaning, wherein the IRS asks for details, looking more deeply into your financial situation and records to validate what you filed in your tax return. Just getting a letter from the IRS *doesn't* mean you are being audited. Almost all questions about your return are handled by the IRS using non-invasive correspondence (e.g. CP-2000 letters) as opposed to generating an audit. (Even if you are audited, most audits are still handled by correspondence.) + +- Making a minor error or omission is very unlikely to generate an audit. The IRS uses audits to collect revenue, and spending thousands of dollars in staff time to see if your $500 deduction was legitimate is not a good use of their audit resources. + +- The situations that are most likely to generate audits these days are either returns with very large deductions or tax credits, e.g. EITC for households that don't seem to match what they should be getting, or returns with very high reported income, starting at $500,000 annually. The chance of getting audited goes up to 1 in 16 for returns reporting at least $10M in income. + +- You may have heard tales about how certain types of situations are instant audit red flags, e.g. home office deductions (only allowable for the self-employed these days.) You can even find articles, like this one: https://clark.com/personal-finance-credit/red-flags-will-get-you-audited-irs/ That's not usually how it works. The IRS looks for anomalies that suggest someone is engaging in some sort of unallowable tax avoidance, either by underreporting income or taking unallowable deductions, but individual line items are not generally triggers in isolation. + +https://www.usatoday.com/story/money/2020/01/31/taxes-2020-audits-most-likely-happen-these-two-groups/4552393002/ + +If you are still curious what an audit entails, these articles describes the process; first, from the IRS perspective (ignore that it is from the self-employed part of the website): https://www.irs.gov/businesses/small-businesses-self-employed/irs-audits + +Secondly, here's an overview of the whole process from the perspective of a taxpayer: https://www.policygenius.com/taxes/how-an-irs-audit-works/ + +In the vast majority of cases, even if there is a minor issue, you are still not the droid they are looking for. +37F. Single, no kids. $95000 a year before taxes and health insurance is taken out. No retirement. No savings. ⁣ + +Career: Clinical social worker in the private sector. + +Received promotion in late October. Was at $76000, so this is a new income for me. + + +Rent: $1150/month⁣ +Car Loan: $510/month ($25000 left)⁣ +Insurance: $190/month (car, renters and pet)⁣ +Cell phone: $150/month⁣ +Utility: ~$80/month⁣ +Total CC debt: $7900 +Total student loan debt: $242000 (that is not a typo: 1 undergrad and 2 grad programs ain’t cheap) and the total keeps rising due to interest. I have been paying the bare minimum payment ever since I graduated from my last masters program in 2013. ⁣No monthly subscriptions whatsoever. I cut out Netflix, Spotify, ect all last fall. No cable service. My company pays for my home internet. I PAY $790 A MONTH FOR STUDENT LOAN BILL. +Groceries: $200 a month +Entertainment: $50 a month +Other expenses (dog food, toiletries, ect) $100 a month +Eating out: I don’t and if I do my boyfriend is kind and pays. I don’t even buy coffee out. +Vehicle Gas: my company pays for it and use my company cc for that. + +All my other expendable income has been going towards my cc debt, except for in November when I had a very sick dog and had some substantial vet costs. + + +I have been working my way out of cc debt for the past year. One year ago I had about $15000 now I’m down to a little under $8000 over 5 credit cc’s. All of my cc’s are closed except one. I have been using the Dave Ramsey snowball method and continue to focus on the cc with the highest APR. ⁣ +⁣ +When I look on Credit Karma and other credit score sites, they state I only have $919 of cc debt which is the amount on my one open card. Why doesn’t it take into account my other remaining cc debt? If I continue to pay off the debt, will it not improve my credit score? The open cc I have is a Care Credit account and I don’t actively use it anymore. So basically...I don’t have an active credit card. I’m terrified of them after making many bad decisions financially in my 20’s. It’s embarrassing I’m finally getting my shit together now at age 37. ⁣ + +My credit score has gone from 575 (Jan 2019) to 672. I’m very proud of that progress, even though I’m sure many are cringing at the numbers above.⁣ + +How do I continue to improve my credit line? Please be kind, this is my first post and the subreddit overwhelms me a bit. ⁣ + +Thank you in advance for any advice you could give to my situation. + +EDIT: I am completely overwhelmed with the responses and very much appreciate the positive comments. It took me a few weeks to muster up the courage to ask for insight on this sub, and I appreciate all of you. + +EDIT #2: I just got off the phone with Sprint and thanks to ALL OF YOU I was able to get my monthly bill down to $98.41 a month. That includes the lease/contract I already had for my phone and Apple watch. All I had to do was ask and get transferred through a few chains of command and it wasn’t an issue. 👏🏼 I know this is still high but it’s a baby step in the right direction. + +EDIT #3: Tried to list all expenses above since many have asked in comments. + +EDIT #4: If I haven’t responded to you it’s because the feedback has been overwhelming AF. I’m so completely grateful and even though I am embarrassed that this is my situation, I am hoping this helps others out there as well who may be in similar life circumstances. + +EDIT #5: I REALIZE I DONT NEED TO WORRY ABOUT CREDIT SCORE AS MUCH. THANK YOU. 😅 + +EDIT #6: Thank you for the gold and silver. I’m not even sure what to do with that, but can I cash it in to pay off more of my debt. 😅 The support I have been receiving is so appreciated. Y’all have made me cry 3 times already. +I currently have a great corporate job making good money. Been in the workforce for 14 years since graduating college, 37. However, I’ve been investing in real estate/rentals over the years. I currently have 7 rentals and wanting to make the jump to do that full time, but want to make sure I’m not missing anything. Gross rental income would be $316k, net annual income after all expenses (personal and rental related) and taxes would be $62,111, or $5,176/month. This would purely be to put into savings and food/entertainment/travel - all primary home expenses, health insurance would already be paid. I’d also have $350k in a 401k and $250k liquid and low-risk invested. Is that too far fetched in the current economy? +“Now that people are going back out again, GRPN will go up!” + +Stop it. + +“Nobody will be watching NFLX anymore, we should short it!” + +Really, stop it, you sound like an idiot. + +You only hear this type of armchair analysis from new traders. It’s not even fundamental analysis, it’s some arrogant mix of believing you figured out something nobody else has, and a twisted belief that predicting the market is easy (or even doable). + +Long term investors might choose stocks based off true fundamental research into a company’s overall health and prospects, or they might just pick the names of companies they use everyday (AAPL, AMZN, GM, etc.). Honestly, I’m not sure which way has a better success rate. Nor do I care. And why don’t I care? Because I’m a day trader. + +Half the time I don’t even know what company I’m trading, and I don’t want to know. + +All the matters is what is in front of me, what the market is doing, and am I ok holding overnight if needed. + +Roughly 75% of stocks follow the market (SPY is the best proxy), so I want to know how a stock is performing relative to that. If SPY is dropping, is the stock going up? If SPY is going up is the stock going up at a higher rate? + +If I pick a stock that has strength vs SPY and the market suddenly turns, I have some protection. The underlying has strength on its own (or weakness if you’re shorting). + +I also need to look at the 1/5/15 min chart, where are the moving averages, support/resistance, is there a continuation on the HA candles? Etc.etc.etc. + +And I check the daily chart. Why? Because if I do get stuck in the trade, I want to be comfortable holding for the short-term with some confidence it’s going back up (yes, good day traders are also good swing traders). + +Nowhere in this process do I care about the fundamentals or even the reasons why the stock is moving (unless it’s a sudden change - then I need to know if it has legs). + +There is no easy way to do this and anyone telling you different is either selling you something or about to lose a lot of money. + +Do 95% lose money? Maybe, I’m not sure where that stat comes from, but I wouldn’t be surprised if it’s true. I can tell you from my experience that around 95% of new day traders ask the wrong questions and show no desire to put in the time and effort needed to be successful at it. That doesn’t mean you need to spend years reading books on it before you trade, but you should at least know how to read a chart, have entry/exit strategies, use the best method. + +I constantly get questions from people, who are already in a trade, asking how they can find “support”, or wondering why their call option isn’t going up more. + +So stop trying to outthink the market, drop the “common sense” analysis, treat this like the job that it is, and then maybe you’ll become one of the 5%. +I'm a little confused. Let's say NVDA is at 250 and I sell naked calls with 3 dte at 260. Then day of expiration, it is ITM and I'm down $1,000 on the contracts. If I roll the naked calls to 270 to the week after and it ends that week OTM at let's say 265, do i recover the $1,000 from the previous roll + the 270 strike contract premium, or do I only receive the premium from the 270 strike naked call? +Bought 100 shares at $32.35 on Monday and sold a covered call for next Friday with a strike of $34 for $140 premium. The next day it was trading at $36 so i rebought my call for $320 and sold a $37 call exp 2/5 for $350. Since then it's now risen to $45 during trading yesterday and now it's $51 pre market. + +Any ideas how to salvage this trade? I'd be up $1800 if I didn't write any calls... D'oh! +Cisco has just released a new report — [Blockchain by Cisco](https://www.cisco.com/c/dam/en/us/solutions/collateral/digital-transformation/blockchain-whitepaper.pdf) — which includes a high-level overview of the state of blockchain for enterprise. It's revealed that enterprises are very much optimistic about integrating blockchain. The report is long, but it's got tons of gems 💎. + +Here are the [**highlights**](https://media.consensys.net/cisco-blockchain-market-will-be-10-billion-by-2021-de952f170cf5) put together from the r/ConsenSys team. + +* 20B IoT devices will be online by 2020 and will be prone to more attacks +* 10% of the world's GDP will be stored on blockchains by 2027 +* $9.7B will be is expected to be on the blockchain by 2021 +I'm 17 and turn 18 in September. I plan on opening a credit card immediately to begin building credit, and opening and adding to a Roth IRA once I get a full-time job (currently a pizza delivery driver and ice cream scooper). I already have a bank account. What else should I do immediately that will help in the future? +I wanted to ask in this forum specifically since there are a lot of those who are well past this and are still working. + +For those of you who think they would struggle on less than 5M (including their primary residence), what makes you feel that way? What is it that you would have to do away with? Why not pull the chute now? +I’m a reasonably nervous person, avoid confrontation and struggle to have difficult conversations. + +I’d been planning to grind it out at my new job, work my butt off and patiently wait, hoping for a slight salary adjustment year on year. But today, I learnt that knowing your worth pays off, literally. + +At the 6 month mark of being in this new position, I sat down with my manager and asked for a pay rise. + +Initially this was a face-to-face conversation, no numbers discussed. Following the meeting, I sent through an email I had been working on for a few weeks. To back up my request, I had pulled market information from different recruiters, specialised in placing people within my field of work. Four different recruiters reviewed my position description and industry experience and came back with fairly similar data, which reflected my salary in the lower tier. + +Based on this information, I asked for a 15% increase on my current base salary. Two weeks later, they came back with an offer of a 7% increase and I accepted. + +I felt pretty disheartened they didn’t match my request, but I just got on with it. However, my partner was pretty furious they wouldn’t even offer me market rates. He’s seen the hard yards I put in, the late nights and weekends. He believed in me, pushed me and encouraged me to revisit the topic with my manager. + +Finally, two weeks after I had accepted their offer, I built up the courage to go back to my manager and be firm in saying it wasn’t good enough. + +I started off by explaining that I do feel 100% supported and encouraged by my team and manager. However with my salary, I don’t feel valued by the wider business and praise doesn’t pay the bills. This time, no email follow up and again, no numbers discussed. + +The following day, my manager takes me out for coffee and hands me an envelope..... they quadrupled my initial pay rise and offered me a 30% increase in base salary. + +I could not believe my eyes, I was not expecting to be on this level of income for another 5 years into my career. + +Know your worth, believe in your value and remember if you don’t ask you wont receive. + +TLDR: Asked for a 15% pay rise. They offered half. I went back to them saying that wasn’t good enough, they then offered me a 30% pay rise. +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! + +Lurker on this sub for a little and very uneducated in Divs but looking to learn. Seen a lot of “reached my 1k/mo goal” type posts and I was wondering how achievable this goal is and what kind of investment frequency and timeline it takes to get there / what asset level nets this? + +any other tips appreciated for someone looking to start off learning (24yo) + +Thanks, +Here is my take on why I expect NWC 2.0 to reach the moon. + +&#x200B; + +No War Coin 2.0 is a long-term charity coin designed to generate donations which will be given to organizations aimed at helping those in areas troubled by war. You can help people from war torn countries by buying and holding No War Coin. It is a deflationary, anti-whale, anti-bot charity coin. + +&#x200B; + +The team is continuously working on improving the anti-bot features to stay ahead of trading bots and has partnered up with a well-known blockchain developer. So far NWC has been able to successfully block over a 1000 transaction attempts from trade bots. + +&#x200B; + +**Liquidity is locked and the developer is doxed**. The team consists of dedicated and highly experienced marketeers, developers and community moderators. The community consists of more than 3000 members and is continuing to grow at a rapid pace. + +&#x200B; + +With each transaction a % is added to the charity wallet, which currently stands at around 100 bnb. The community votes on which charity this amount will be spent. After 30 days a new charity is selected and the process starts again. Currently, Red Cross and Doctors without borders have been picked for potential organizations to donate to. + +&#x200B; + +# ROADMAP : + +*Continuous ongoing improvements to block bots from trading NWC* + +&#x200B; + +**June:** + +Month of June 2021: Ongoing big name influencer campaign + +2nd of June 2021: Applied for CMC and CG listing + +3rd of June 2021: Applied for source code audit with techrate + +4th of June 2021: AMA with Aaron Mamuyac + +5th of June 2021: AMA with Crypto Eagles + +6th of June 2021: AMA on Twitch TV + +18-21 June 2021: First donation + +&#x200B; + +**July:** + +Improved website launch + +Launch of NWC clothing brand + +Charity NFT launch + +Partnerships + marketing + +&#x200B; + +# Tokenomics: + +Max. supply: 1 quadrillion + +Initial burn: 0.4 quadrillion + +Tx tax: + +1.5% Charity + +0.5% Redistribution + +1% Auto Liquidity + +0.5% Burn + +1.5% Marketing and Development + +&#x200B; + +**Liquidity locked forever:** + +[https://dxsale.app/app/pages/dxlockview?id=0&add=0xDd818fC6A942828b4F8cD7f067c0D8b6e9687B54&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xDd818fC6A942828b4F8cD7f067c0D8b6e9687B54&type=lplock&chain=BSC) + +&#x200B; + +**Charity wallet:** + +Charity wallet currently at 93 bnb!: + +[https://bscscan.com/address/0xe5a5c89cd052c9154f7b69abc28373f79c0340c4](https://bscscan.com/address/0xe5a5c89cd052c9154f7b69abc28373f79c0340c4) + +&#x200B; + +**Whitepaper:** + +[https://www.nowarcoin.com/wp-content/uploads/2021/06/WhitePaperV2.0-updated.pdf](https://www.nowarcoin.com/wp-content/uploads/2021/06/WhitePaperV2.0-updated.pdf) + +&#x200B; + +# Other links: + +**📱 Telegram:** [**https://t.me/NoWarCoinAntiBot**](https://t.me/NoWarCoinAntiBot) + +**📱 Website:** [**https://www.nowarcoin.com/**](https://www.nowarcoin.com/) + +**📱 Twitter:** [**https://twitter.com/NoWarCoin1**](https://twitter.com/NoWarCoin1) + +**📱 Tiktok:** [**https://www.tiktok.com/@nowarcoinbsc**](https://www.tiktok.com/@nowarcoinbsc) + +**📱 Twitch:** [**https://www.twitch.tv/nowarcoin**](https://www.twitch.tv/nowarcoin) + +**📱 PCS:** [**https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc6274cd1609bc8a29f2718de5c8e8872b98863d5**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc6274cd1609bc8a29f2718de5c8e8872b98863d5) +Honestly, and I think EVERYONE needs to hear this if they are having any SLIVER of doubts. From the beginning we had the main pieces of the puzzle from DD when we caught these assholes with their pants down. Yes at first its just HF and banks. REGARDLESS, we still had the math and caught them with it. Today, that math still stands and we know for 100% that there is NO possible way that they have covered. + +&#x200B; + +Amplification data: If you think that banks, government, DTCC, rich, and powerful people who had their hands in this manipulation are suddenly on our side, YOU ARE WRONG. What you should be thinking and knowing is that they are all in this pot together. You should know by now that power helps power to keep their power. If the small man/woman gains power, then their infinite generational wealth ends. + +&#x200B; + +This being said, all of these opinions and random docs and this and that are just speculation at this point. They will exercise literally any means necessary to not have this happen. The thing about this is, they cant stop it from happening as long as we buy and hold. If they made market changes or gave them a pass or this and that, then the entire market would lose all faith and structure and crash. At this point, all peoples would suffer. + +&#x200B; + +What I am sure is happening now is a fight between the rich and powerful to determine who takes the fall for this and loses their position. In all honesty and with years and years in the market its almost obvious. No one wants to take the fall and lose their status, so the DTC starts spam rulings to save their ass, banks are doing what they can do to the same, each member trying to save their own ass. This is apparent. + +&#x200B; + +As for GME moves and NFT and cryptic messages etc... just let them do their thing man. We literally have the math, the squeeze hasnt been sqouze, and Gamestop is literally just giving out hints, NFT (which is a catalyst in itself), and pivoting (without breaking legal rules) to make sure we know that we are in a war and to hold the line. We showed up for our childhood/teenhood/adulthood past time and saved them, and now they are making sure that they save us. All we have to do is hold. Power to the Players. + +&#x200B; + +Edit 1: Please share. I am sure a lot of apes need some reassurance and a pick me up. + +Edit 2: for clarification: the term "we" used in this post is in reference to every individual holding the stock. It is not a reference to a structured group or anything of the sort. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Please find the [Daily Non-Eth Discussion thread here](https://www.reddit.com/r/ethtrader/comments/6xylt4/daily_noneth_discussion_September_6_2017/). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss that in the Altcoin Daily. +- 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. + +*** + +Enjoy! + +Sukanya Samriddhi Account offered by Indian Post Office? + +**Its a 21 year lock in of 7.6%p.a interest compounded annually at the end of year. Max depositable amount is 1.5L per year.** + +The interest rate will only go down and you can not withdraw it unless the account holder can prove emergency. + +Seems like a lot of hoops to jump through. Since im new to investing, wont a Rs.12,500 SIP (Rs.1.5L/year) in an index fund give me much better liquidity and output after 21 years ?! +I'm genuinely curious to hear from people who are invested in tobacco Stocks and what is your view point on future performance. +To me I don't see a future for any tobacco companies and the majority haven't been quick enough to make a big impact in the vaping space which is now flooded with multiple brands all selling more or less the same thing. +Hey guys, I have around 40k in my S&S ISA. Mainly across Fundsmith, Scottish Mortgage, Lindsell. All with Hargreaves I may add. + +Would you say at this amount it is wise to get professional help as well as look to move platforms? + + Cheers +Hey people, i’m a little (very) concerned about BG American Class A and I wanted to get the opinion of people smarter then me. + +At one point in time this fund was doing great and perhaps in hindsight I should have realised this was unsustainable and got out while things were good. Fast forward 27th April 2022 and i’m down 41% on my initial investment. The fund itself is down 23% in 2022 and 39.29% YTD. + +Truthfully, I have been checking this fund religiously (everyday) hoping it will turn a corner but it doesn’t look very promising. If anyone else is invested in the fund or has any thoughts i’d like to hear from you. + +https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F0GBR04RNT + +EDIT: Thanks everyone for all your sound advice and analysis. +On CNBC, the hosts and the interviewees kept circling back to how retail investors are in over our heads. As if we're all so dumb that we don't realize these stocks can go down just like they can go up. Motherfu\*\*er, have you even been through this subreddit? We know exactly what the risks are. + +This is the sub where people post graphs from March showing themselves 1000X'ing on Puts and then losing it all right back. We get it more than you do CNBC. We know there is risk. Stop acting like you need to hold our hands and protect us. That's bullshit. None of you actually care, you're just upset that retail is absolutely killing it while your shitty portfolio is selling off. + +What exactly are we risking anyways? Most people on WSB are young with maybe a few $10K's in the bank. We are the exact people who should be taking risks. $10K invested in the stock market even over the next 30 years isn't gonna change your life. These guys are flying around in private jets telling you to save for retirement so that you won't get kicked out of your shitty apartment at 65 years old. + +This is a moment in history where billions of dollars have flowed from the rich to the poor. Where it'll end up, who knows, but I guarantee that we'd rather play the game and take the loss if it happens than sit on the sidelines and play it safe. The truth is that if you want to make it in this world, you have to take big ass risks. The downside is usually overstated. + +So yeah, fuck off CNBC analysts and stop telling us you're worried we'll get hurt. That's not your real worry. Your worry is that we're exposing how rigged the system really is. +On CNBC, the hosts and the interviewees kept circling back to how retail investors are in over our heads. As if we're all so dumb that we don't realize these stocks can go down just like they can go up. Motherfu\*\*er, have you even been through this subreddit? We know exactly what the risks are. + +This is the sub where people post graphs from March showing themselves 1000X'ing on Puts and then losing it all right back. We get it more than you do CNBC. We know there is risk. Stop acting like you need to hold our hands and protect us. That's bullshit. None of you actually care, you're just upset that retail is absolutely killing it while your shitty portfolio is selling off. + +What exactly are we risking anyways? Most people on WSB are young with maybe a few $10K's in the bank. We are the exact people who should be taking risks. $10K invested in the stock market even over the next 30 years isn't gonna change your life. These guys are flying around in private jets telling you to save for retirement so that you won't get kicked out of your shitty apartment at 65 years old. + +This is a moment in history where billions of dollars have flowed from the rich to the poor. Where it'll end up, who knows, but I guarantee that we'd rather play the game and take the loss if it happens than sit on the sidelines and play it safe. The truth is that if you want to make it in this world, you have to take big ass risks. The downside is usually overstated. + +So yeah, fuck off CNBC analysts and stop telling us you're worried we'll get hurt. That's not your real worry. Your worry is that we're exposing how rigged the system really is. +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! + +First post here! I'm a new comer to the world of crypto. As I was doing my research on alt coins I found market cap to be essential in understanding the relative size and the potential upside of different coins. I found myself constantly doing mental math using CoinMarketCap data, so I decided to build myself a little private website to help with all that! Example: "_if coin X had market cap of coin Y, it would be worth $Z_". I figured others are probably in the same position, so I published it yesterday for the world to use. :) + +I proudly present to you **[thecoinperspective.com](https://thecoinperspective.com/)**! + +**Features:** + +- Supports the top 500 non-stable coins/tokens as per CoinMarketCap data. I can add more, if required. +- Quickly see impact of different market caps using a slider, as well as input a hypothetical amount of coins to calculate total worth. +- Supports multiple reference fiat currencies (USD,JPY,GBP,CHF,CAD,AUD,HKD,CNY) +- Coin data is auto-refreshed every 3 hours, including Fiat exchange rates +- Mobile friendly +- No ads, no spam (LPT: use uBlock Origin if you don't already) + +I'm still tweaking the UI -- if you have suggestions let me know. + +**EDIT**: Thanks for all the feedback! +- Now supports Dark Mode (will default to your OS preference) +- Now supports manual input +- WIP: advanced view, where you can specify all the parameters! + + +Hope this helps someone. + +p.s. Full disclosure: I piloted this website yesterday in a specific altcoin's subreddit and feedback was very positive and their suggestions helped me drastically improve the website. Now it's a bit more polished and I've worked up the courage to post it in such a big community. Fingers crossed :) +I’m 30, very ambitious and have a high NW for my age. I’ve been grinding hard since I was 16 years old and a recent distant friend was just given a terminal prognosis and it really shook me. I find myself wondering if it’s time to let off the gas a little on my career and enjoy the ride a bit more. Did any of you encounter a point on your fat fire journey where you let off the gas a bit? What did that look like in your life? +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) +I paid off a couple thousand in CC debt a couple months ago and have been on top of my bills/starting to save even. But I still struggle with never buying anything for myself outside of groceries and spending on pet care. It feels like a mental condition or some sort of trauma from struggling to pay bills for so long. Is this a pretty common feeling? +Link to original thread. I FIREd and quit my job in the US last year, then moved to Thailand to volunteer at a non-profit teaching English to former prostitutes and low-level criminals for tourism industry jobs. I'm an American, ethnically Chinese. +https://old.reddit.com/r/financialindependence/comments/8pv2yd/38msingle_23_million_submitted_my_resignation/ + +I knew the cost of living in Bangkok would be substantially cheaper than what I am used to paying, but I was not prepared as to how much cheaper. My apartment and utilities were provided for free by the non-profit and I lived with my fellow expat volunteers. Some were older couples who wanted their privacy, so they booked their own apartments. Costs ranged from as low as $200 a month for a cheap, non-furnished studio apartment to $375 a month for a furnished studio in a newer building near a Skytrain station in the center of town with security. I was pleasantly surprised that because I was in the country on a sponsored work visa, I was eligible to buy health insurance there as a local. It came out to about $150 a month. Getting international expat health insurance here in America would have cost me up to $500 a month, so a huge savings. I also rarely ate at home and never cooked, since Bangkok is one of the great street food capitals of the world. All kinds of Thai, Chinese, Malay, Indian and Arab food served on the street for about 35 to 70 baht each entree (~1 to 2 bucks USD). I ended up not getting a local cell phone or local cell plan, my Sprint plan included international roaming and the 2G data was okay for Google Maps and web/email use when I was away from wifi, which was rare. + +So monthly fixed expenses came out to + +* $150 health insurance + +* $200 eating out + +* $100 7-Eleven (drinking tap water actively discouraged by authorities due to corroded pipes. Bottled water is substantially cheaper there than here, thankfully. My problem is that when I went into 7-Eleven every day to get the cheap water, I would get sidetracked by whatever tasty unfamiliar snack I would see at the hot food counter that I would then have to try, hence $100 a month blown. Seriously, 7-Eleven in Thailand is amazing, I highly recommend getting lost in one. All kinds of hot noodle soups and baos and sticky rice snacks and cakes.) + +* $150 Skytrain and subway tickets, Uber/Grab app rides on the back of a motorcycle. + +* $250 random spending money on cheap knock-off clothes or gifts to take home or a ladyboy cabaret show or a concert or pro kickboxing match, etc. + +* =$850/month total. +Let's say I had to get my own furnished apartment and pay for my utilities, add another $500 a month. $1,350 a month total is pretty good considering I lived like a king and didn't budget myself at all. I could get that below $1,000 a month if I was more frugal. + +My non-fixed expenses were for airfare and lodging when I would leave town for the weekend to explore the rest of SE Asia. If I could book trips early enough, I could get round trip flights on Scoot or AirAsia to Chiang Rai or Singapore or Penang for as little as $40 round trip. Other than Singapore, Airbnbs and budget hotels were dirt cheap, so those weekend trips rarely cost more than $200 each. + +I wrapped up my volunteer work and came home to America this past week. Was gone about 10 months. Was a great experience, met a lot of new, nice people. Learned a new (incredibly difficult) language. Regret nothing, would do it all over again. I was able to get a small taste of Vietnam during my time there and am fascinated, will probably go live in Hanoi for a few months when I go back in the future. + +My immediate future is to spend the next two weeks hanging out with my family and doing lots of yard work and handyman work around the house. I'll then get on a plane for Scotland to spend two weeks seeing friends and being a tourist. Was a last minute trip, Delta had round trip tickets from select US cities to London Heathrow for $370, I couldn't resist. Absurdly cheap. + +Also - about three or four months after I moved to Thailand, my former boss called me to see how I was and offered me an online-only job, where I would spend about an hour to 90 minutes a day remotely reviewing other people's work, answering internal emails and listening to ideas he would bounce off of me. I wasn't interested, but he insisted it would not be my old job, that I would still be a digital nomad and never come into the office and I would be eligible for 401k matching and the company's health insurance when I came home. So I said yes and I've been doing the job for about half a year. It's been as advertised, I set aside an hour or so a night on my laptop in front of the TV and it hasn't grown into anything bigger yet. The salary is a small, small fraction of what I used to make but it's worth my time. We'll see how things stand after another year. + +[EDIT] Hey, thanks for the gold. First time ever getting it, awesome. + +[EDIT 2] Am getting lots of questions about how I reached $2.3 million, or $2.6 million as of this morning post-jobs report rally. I cover this in my earlier threads briefly - I left grad school at 24 and worked a job for ~14 years. Socked away about $70,000 per year the entire time, so there's half my money. The other half came from investment gains. I did the majority of buying in the years immediately after the 2009 subprime meltdown and financial crisis, large cap US banks and technology names for pennies on the dollar. Many of you are too young to remember, but I remember all of it. Having money in those conditions was terrifying. Bear Stearns and then Lehmann failing were earth shattering events. I lost entire $20,000 to $30,000 investments in companies in the blink of an eye. The ones that survived and thrived, those gains are still largely unrealized. meaning I have not sold them yet and I'll get slapped with an enormous long-term capital gains tax bill when I do, which is fine. Obvious question, how was I able to save so much for so long. One big reason is living in a southern state with low cost of living and no state income tax. I'm able to hold onto at least $15,000 to $25,000 more per year based on those two factors alone compared to someone in California, for example. The drawbacks to that are the government services in my state are pretty crap and minimal and all our new highways are toll roads, and so forth. + +[EDIT 3] What am I going to do when I get back from the UK in a month? The plan for now is to spend real quality time with my family, I've been gone for a year. I'll be home for three months, maybe longer. Reconnect with friends and so forth. I plan on then leaving at the beginning of fall for a months-long driving trip around the Western US and Canada, hitting up as many national and state parks as I can. For years, I have followed r/vandwellers and r/tinyhomes and wanted to buy a gutted Mercedes Sprinter cargo van with the extended ceiling to build a living space in. I've decided now not to do that for gas mileage and excess space reasons, it's more space than I need by myself. I'm probably going to buy a used Nissan Rogue and spend a week performing minimal modifications. Such as buying plywood to construct a bed platform in the back that allows me to store clothing below the bed. Can install a minimal solar kit on the roof so I have power for my laptop and phone at night. Can either camp at night, stay at Airbnbs or sleep in the car. Can shower at truck stops or Planet Fitness locations with my membership. I'll drive south to Arizona, New Mexico and Texas when the heavy snow and ice starts to fall and resume my trek north next spring. We'll see. +We are currently talking about having kids but worried about the costs. + +We currently manage to save maybe 300 a month, this will increase to more like 700 but we moved into our house last September and we are still getting bits done. + +We also will likely want to move house in 5 or so years, is it realistic to think we can save up to slightly upgrade house then? + +We are currently also relatively early in our careers and should be looking to continue to see salary increases but it is hard to know by how much they will have increased in 5 years. + +I just wanted to get an idea of how much it cost people. It is also worth noting we have. + zero family help so would likely have to be paying for nursery and child minders when they are young as we both need to be able to continue our careers. + +Edit: thanks all, general consensus is childcare is really fucking expensive but having kids is worth the financial hardships. +https://www.marijuanamoment.net/federal-marijuana-legalization-bill-officially-scheduled-for-house-floor-vote-next-week/ +Scheduled for Monday + +As a result, weed stocks are smoking right now. TLRY, SNDL, ACB, OGI, etc are all up double digits. Considering such a high jump, these stocks may already be priced-in. If the bill doesn’t pass, the price is sure to reset. + +With that said, the last time a weed bill went on the floor was in 2020, and it passed the house, but died in committee. + +Is anyone planning to capitalize on this in either direction? IV is pretty high with such volatility +My wife (F26) and I (M31) have just bought our first house together and while it’s been stressful at times, like waiting for our offer to be considered by the vendor, then waiting for our mortgage to be approved, it’s all been a positive experience. + +However, I never even considered taking a mortgage with Barclays and this is why. + +This is more of a rant about my own personal experience with Barclays when I was younger, but I feel it's relevant. + +———————————————————————————————————— + +When I was 16 (Circa 2006), I started an apprenticeship at an IT company which paid me £80 a week plus travel expenses. The first weekend after I started, I went to my local Barclays branch and opened my first proper bank account (I’d previously had an NS&I ‘Post Office’ account when I was a child). + +I didn’t choose Barclays for any particular reason. Their branch had been newly refurbished and looked modern so maybe that was a deciding factor to 16-year-old me. + +The staff were polite and helpful and opened an under-19’s account for me which had no fees, no overdraft and a debit card which I could use at cash machines, online and in shops. + +I never had a problem with it. For over a year, my apprenticeship wages went in, I bought my lunch and train tickets with it, and went out at the weekend with my girlfriend and bought CDs, clothes, etc. + +A couple of days after my 18th birthday in late 2007, I received a call from my local Barclays branch inviting me in for an ‘Account Review’ meeting. I agreed and went in that Saturday. + +I was taken into a small glass office opposite the counters. The staff member explained to me that now I was 18, I could ‘upgrade’ my account from an under-19s account to a regular adult current account. I was told that this would ‘enable’ me to have an overdraft, apply for a credit card, have a cheque book and over time build up a credit file. + +I wasn’t sure and said I’d like to go home and think about it - maybe discuss it with my parents - but immediately she brought in another member of staff who went over the benefits again. + +The second member of staff then told me that if I paid £10 a month for the 'Current Account Plus' (I’ve forgotten the exact name of it) that would give me a free £100 overdraft, AA breakdown cover, ‘room insurance’ (Which never would've covered me for anything because I still lived at home), international money transfers etc. - all of which I had no real use for apart from maybe the £100 overdraft. + +I explained that I didn’t have a car, but this was quickly dismissed with + +**“It doesn’t matter, if you’re in your mate's car and he breaks down, your AA cover will help him too!”** + +Still unsure, I said I’d like to think about it. He then told me that if I signed up today, he’d give me the first month for free and that way if my parents said it wasn’t a good idea, I could cancel it within a month and it wouldn’t cost me anything. + +I agreed, reluctantly because of pressure-selling, and signed up. + +I completed the forms, which I was given a copy of, and a few days later a new debit card and cheque book arrived in the post. + +Later that month, I bought a couple of Xbox 360 games that I wanted. Now I knew that I might not have enough in my account, but I had the £100 overdraft that I’d been signed up to. Also, I was no longer an apprentice and so my monthly wages were due a few days later, so to me, it wouldn’t do any harm by buying them today and then letting £50 of my wages pay off my overdraft. + +So I bought the games, and also bought lunch for me and my girlfriend, along with a few other small transactions (a magazine in WH Smith, a can of drink in Tesco, etc…) + +Payday came a few days later and when I checked my balance at the cash machine, something didn’t quite add up. I knew how much I was due to be paid, and I knew that I’d only spent about £75 of my overdraft. + +But my account had about £100 less than it should. I didn’t have internet banking, and this was before mobile banking, so I went into Barclays and asked to see my transactions. + +For some reason, every transaction since (and including) the Xbox games I bought had**“Account fee - £10”** immediately afterwards. + +These fees added up to a total of £90 for 9 transactions. Some of the purchases were for less than £1. + +I asked to speak to someone and so they sat me down at a desk and explained to me that because I had insufficient funds in my account, they were charging me £10 for every transaction. I told them I had been given a £100 overdraft just a couple of weeks earlier, but I was told that while I was a current account plus customer, I had no overdraft. + +At the time I thought this was a simple mistake on their part; they had forgotten to add it on. + +How wrong I was. + +I was told that the overdraft, which came with the account, was subject to a credit check and I didn’t qualify for the overdraft. This wasn’t because I had a ‘bad’ credit rating; I’d never had credit before in my life. + +I told them that I never received a letter to tell me this and I was told I wouldn’t have received one - I’d only receive a letter confirming my overdraft if it was successful. + +I asked why they didn’t just decline the transactions as they did before when I had an under-19s account and I was told some scripted story that they don’t check the account balance when I make a transaction as it’s my responsibility to make sure I have the correct funds in my account; in fact, I should be grateful that Barclays allowed the transactions to go through because at least I was able to ***checks the screen*** spend £49.98 in GAME. + +I was confused and worried because £90 was a lot of money for me at 18. + +I asked if the bank would refund the charges as this was a simple misunderstanding about this overdraft I thought I was paying £10 a month to use. Before I’d even finished talking she just smiled and started shaking her head. I remember her reply as clear today… + +**“You’ll just have to learn to be more careful next time.”** + +I left the bank feeling sick. I felt as if I’d just lost my wallet with £90 inside, but I knew who’d taken it and they wouldn’t give it back. £90 is a lot of money when you only earn minimum wage at £5.52 an hour. + +When I got home, I started looking at other accounts online and decided the next day that I’d open one with Nationwide. + +With Nationwide, there was no hard sell and they confirmed that if I didn’t have an overdraft and I had insufficient funds, the transaction would be declined. The only thing I’d be charged for were failed direct debits and ‘bounced’ cheques. + +I transferred my remaining funds to my Nationwide account a few days later once the card arrived and then closed my Barclays account, to which they didn’t protest or make any attempt to persuade me to stay. + +———————————————————————————————————— + +Imagine if this had been different. + +If almost 14 years ago, Barclays had been understanding and said that although I hadn’t been given the overdraft that was so heavily sold to me, and they had refunded me my £90, that would’ve left me with a life-long positive opinion of them of being fair and reasonable. + +This means that I would have chosen to keep my Barclays Current Account, and among many other things, applied for a mortgage with them 14 years later. + +But instead, their contemptuous behaviour and lack of support for a young person who simply agreed to upgrade a current account - which was their suggestion to start with - meant that instead of earning a \~£1,000 product fee, plus mortgage interest for at least 3 years (fixed-term) which will amount to about £20,000 - they made just £90 and alienated two customers for life; my wife certainly doesn’t want to open a Barclays account either! + +I'm aware that a few people will agree that Barclays were right to charge me £90, but this isn't so much about the fine print and bank charges, as it is about building and maintaining trust with customers - even if they are just an 18-year old earning minimum wage. +There have been a couple of posts on here about how you could "in theory" pay off a credit card 1p at a time, and round up all your savings into the Chase 5% interest round up pot. + +Well i decided to try it. + +I got access to my account, and after establishing that amex doesnt recognise Chase, so i couldnt pay that, i started paying off my barclaycard £1.01 at a time (min i could pay at a time was £1). + +After a week spending my idle time (on my commute by bus, when my partner was watching something shit on tv), i managed to pay off my ~£900 bill and had pver £400 in my 5% account. + +At that point i called it a day, it was (obviously) extremely tiresome, and id rather spend my time idlely browsing than earning fractions of pennies over the next year. + +Fast forward to today, Chase call me to inform me that the round up function is for "everyday" activity, and if i dont stop they will close my account! So it turns out that even "in theory" you cant do this long term! +Hello, my name is Jess. I’m 17 going on 18, and a senior in high school. Due to a complicated family relationship, I’m more than likely going to be kicked out after I graduate (In June.) I don’t know what to do. + +My high school is a trades school, so I have some of my intro IT certifications. I don’t have a car or any savings, but I am employed now. I live in Philadelphia, and grew up here. + +I don’t know where I can go and afford to live. I don’t know if I’m going to college, I don’t think I can afford to. There is a community college in the county above me that offers student housing, but I would end up in a LOT of debt. I don’t know how I will get a job that supports me without going to college, but I don’t know how I’ll have the money to even keep a roof over my head and make payments to a college. + +Does anyone have tips living on your own as a just graduated 18 year old? Should I go to college in the fall? I have no financial aid because my parents make too much, but they won’t even be supporting me. +I've had the realization recently that a lot of what has motivated me in the past was based around survival and ego. Survival (FI) because I grew up in a family with an unstable financial situation so I've always worked to ensure I'm immune from layoffs/irrelevance. Ego because I want friends, family, enemies, etc to be impressed with my accomplishments and my earthly possessions. + +However as I've gotten into my 30s and added my first child I've easily met my "survival" goals (now on to fatFIRE) and find it hard to be motivated by my ego anymore... I see myself caring less and less about the opinions of others each year... I make tons of money, why do I need the next rung on the corporate/tech ladder? + +As a result I've lost the exciting feeling "urgency" that used to drive me. Now it's perfectly acceptable to do nothing or take it easier which on one hand is great - after all who wouldn't want to settle down and relax with their kids? + +Yet I've felt saddened. I had this great drive and urgency earlier in life that simply can't be filled by hobbies, side projects, or "career growth". + +I'm sure others on this sub feel similarly, so I'm curious what you use to either reinvigorate/motivate yourself or become comfortable with relaxing and puttering around throughout the second less urgent half of life. + +Curious all angles but would especially appreciate books or specific philosophies for this stage. +Some back story- Like I said, I'm 47 and had 20 years 3 months and 7 days of service under my belt when I got injured on a fire last October. After 4 neck and back surgeries, the docs said I have to retire. My medical retirement took effect November 8th of this year. + +I received my pension letter from the fire department yesterday, and I was somewhat relieved to learn that I will be receiving 60.25% of base pay, tax free (the % is based off my impairment, and I had been told it could have been as low as 45%). + +My questions. +My pension papers clearly say that I am allowed to work, however, I have heard that if I make over a certain amount of money, it can make part or all of my disability taxable. The only thing I've found online so far concerns Social Security benefits, but I'm assuming my pension fund has similar rules. I'm not all that concerned about this, as of now I don't plan on filing any w2's in the near future. + +However, I am considering taking a large chunk from my deferred comp (457b) plan, and paying off all my debt (Mortgage, last remaining credit card, and a home equity loan). + +First of all, is this stupid? +Becoming debt free would put me in a position to continue building a savings near the same rate I was able to before I retired (and that's not counting any side income I earn). It also would be a huge stress relief, especially after all the uncertainty of the past year...and that alone seems like the biggest selling point to me. + +My concern is, while there is no penalty for withdrawing the money, it says it will be "taxed as income", which has me worried that it would count against my disability income, like income from working a job would (if that is indeed the case), and I'd have to pay taxes on some or all of the disability income as well, which doesn't seem correct, but unfortunately I'm pretty ignorant with all of this. + +Everything lately just seems like such a huge decision, I just don't want to do anything stupid. + +Thanks in advance for any insight or advice, and let this be a lesson for you young whippersnappers, you're never too young to start preparing and educating yourself about retirement! +Now let me see if I can do this right, I've been practicing- + +GET OFF MY LAWN! +Don’t know if anyone here is watching the NCAA March Madness games but damn, I can’t believe how many advertisements I’ve seen for QQQ. It’s almost every commercial break on multiple channels. I genuinely don’t remember ever seeing an etf pushed this hard on the national stage. Has anyone else noticed this? This is day two that I’ve noticed. + +Edit: I guess they are the official asset management partner for the ncaa games? Still seems like an interesting ncaa partnership. + +“Invesco has been named as the official asset management partner of the NCAA while the Invesco QQQ ETF (QQQ) has been named the NCAA’s official ETF this year.” +This is amazing!!! I seriously cant believe this. This is so wild. We are the best guys. Keep DRSing. We absolutely got this. UNSTOPPABLE! + +EDIT: They also talked about doing an AMA and there being distaste between the WallstBts page and us. But theres apparently an AMA Monday? This is a must listen too stream. Fantastic! + +Link to recorded stream on twitter: https://twitter.com/i/spaces/1ypKdELerLRGW + +Someone asked for a timestamps on the DRS part, it's at 1:00:30 (1 hour 30 seconds) + +57:45 talks about the AMA +I realise people invest for various reasons but for me personally I would love to be able to retire as early as possible using my investments. + +I've always been frugal (some would probably call me cheap) because I hate wasting money. I don't need a luxury lifestyle, I wouldn't need to take two vacations a year, no dining out every month, limiting my shopping etc. + +I live in the UK in an extremely average area in terms of housing and food costs. I was thinking a goal of £1500 a month would be enough to live comfortably for a single man. God knows what inflation will be like in 20 years but I still need to have a goal. + +I'm 19 now and will be making about £2 per month from dividends so I'm still very far off. This is partly because I've put most of my money into growth (like AAPL, MSFT) rather than high dividend %. But with 15 to 20 years of investing I think that's a very achievable goal. Is there anything I'm missing here? I'd love to hear from those of you who are aiming or have already achieved retirement, is it worth it? +Kiba Inu is multi-chain project on both ETH and BSC and you can bridge between the 2 networks. It's not just a meme token as we are building utility unmatched in the crypto space.(see below). If you are on the fence still even after reading everything here, I urge you to join the Telegram channel. There is a wealth of information there along with a bunch of Crypto OG’s. The dev team is always on vc. Monday was the very first Kiba Twitter Space and there were over 700 participants. Kiba Inu has the strongest community backing In the space! GUARANTEED🔥 + +\&#x200B; + +&#x200B; + +✅22,500+ BSC | ETH Holders + +✅12,500+ Twitter Followers + +✅5000+ Telegram Members + +✅Partnership with [Superbid.io](https://Superbid.io) + +✅Exchange listing at Bitmart Exchange + +✅Partnership with Ryan Garcia + +✅Partnership with Tory Lanez + +✅Partnership with Logan Paul + +✅Partnership with Collin Sexton + +✅Billboard purchased near entrance of SpaceX + +✅Other exchanges in the works + +&#x200B; + +😳😳😳😳😳😳😳 + +&#x200B; + +TOKENOMICS + +Total supply = 1,000,000,000,000 + +🚨Sells within the first 24 hours of initial purchase will be taxed 25% to punish sellers and increase Kiba Inu's value.\* + +🚨1% Reflections 8% Marketing Wallet🚨 + +&#x200B; + +🔥UTILITIES UNDER DEVELOPMENT🔥 + +&#x200B; + +💰Kiba Swap💰 + +&#x200B; + +Kiba Swap is more than just a place for holders to swap for $KIBA tokens. Kiba Swap supports BSC and ETH networks to support both chains where Kiba is available currently. + +&#x200B; + +🚨Kiba Charts🚨 + +Kiba Charts is a utility that allows for viewing of charts & transaction data related to any token currently available to be imported into uniswap and Pancake Swap.This allows our users to not have to leave KibaSwap to go to another platform like Dextools, Defined,Poocoin etc. + +&#x200B; + +🔥Kiba Fomo🔥 + +This small piece of utility allows users to see tokens recently listed on Polygon, Uniswap, BSC, and more. It is powered by \[[tokenfomo.io](https://tokenfomo.io)\]([https://tokenfomo.io](https://tokenfomo.io)) + +&#x200B; + +♥️Kiba Honey Pot Checker♥️ + +The honey pot checker will run a test buy and sell from any contract of your choosing. We run the test via code, and will alert the user if it is a honey pot, delayed honey pot, and also when its safe (not a honey pot). It allows viewing the buy and sell taxes of the contract you're checking. The honey pot checker also supports both BSC and ETH chains + +&#x200B; + +🚨🚨LINKS🚨🚨 + +&#x200B; + +BNB Chart \[[https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180](https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180)\]([https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180](https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180)) + +&#x200B; + +ETH Chart \[[https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104](https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104)\]([https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104](https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104)) + +&#x200B; + +\&#x200B; + +&#x200B; + +TG Portal - \[[https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)\]([https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)) + +Announcement Channel - \[[https://t.me/kiba\\\_eth\\\_official](https://t.me/kiba\_eth\_official)\]([https://t.me/kiba\_eth\_official](https://t.me/kiba_eth_official)) + +Chinese TG - \[[https://t.me/KibaInuCHINA](https://t.me/KibaInuCHINA)\]([https://t.me/KibaInuCHINA](https://t.me/KibaInuCHINA)) + +Website - \[[https://kibainu.space/](https://kibainu.space/)\]([https://kibainu.space/](https://kibainu.space/)) + +Twitter - \[[https://twitter.com/KibaInuKiba/](https://twitter.com/KibaInuKiba/)\]([https://twitter.com/KibaInuKiba/](https://twitter.com/KibaInuKiba/)) + +Reddit - \[[https://www.reddit.com/r/kiba\\\_inu/](https://www.reddit.com/r/kiba\_inu/)\]([https://www.reddit.com/r/kiba\_inu/](https://www.reddit.com/r/kiba_inu/)) +If you saw my previous post [here](https://www.reddit.com/r/povertyfinance/comments/rddczo/i_was_supposed_to_get_paid_3k_from_a_client_today/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) you’ll know that I was having a small mental breakdown last week because my client who was supposed to pay me 3k, told me they could only pay $150. + +Per the advice of this community and my IRL support system, I sent them a firm email, letting them know the position they put me in and that they would be penalized with late fees moving forward. + +Well lo and behold, it worked! My client paid the remaining balance in full today, and I am going to be able to pull my bank account out of the negative and pay my bills with money left over for January. + +I’m seriously so happy I could cry. A day ago I was trying to find a personal loan (that wasn’t ridiculously predatory….one I found wanted me to pay 7K for a 2k loan wtf) and now I will be able to rest easy. +Long time lurker first time poster. Would love this community’s advice on a crossroads I’m facing. + + I’m currently a software engineer at a faang on a path to staff (TC will be about ~550k). I can then choose between going into management vs staying an individual contributor. + +I love my job as a software engineer - it’s fun, it challenges me, I love the flexibility and not having meetings, I get to job hop more easily if something doesn’t work. I wake up Monday morning excited for work. I sometimes even work on weekends because it’s fun. + +However I know I will never go beyond staff engineer and will stagnate at this level permanently. + +Compared to management though, I can easily see myself climbing the ladder there to manager of managers (950k), then director (1.6m). There’s a lot more opportunity / business need to do so (a few friends more minted in this industry agreed) and it seems way more doable than trying to climb as an IC. + +However, I’m pretty sure I won’t really like management that much. I find it boring and I’ll have to deal with a lot of bullshit and politics. But I also have great social skills and empathy, and most of my female friends who went into management are doing extremely well. I don’t think I’ll hate it but I also do not think I will love it. + +Right now I’m leaning towards the management path. I’m 29 and don’t know if I can see myself being happy with no monetary career progression for the next 25 years. Most friends are going into management and I think I’ll be jealous of their career growth vs my own. But I feel like I’m going into management for the wrong reasons :/ + +Would love to hear your thoughts and feedback. Thanks in advance +I've been reading a lot about owning farmland as a "recession proof" asset. I know there has been much written about Bill Gates and his recent tear of purchasing farmland. I also know there are Farm REITs to invest in. + +From what I always assumed, farmers are struggling and it's not easy to make money. What am I missing about buying farmland and making money. Does anyone have any insight? +Hi All, + +Wanted to check in and see if anyone has advice on tax reduction strategies they have found useful. Am approaching 1M/year in income as a self-employed solo practitioner, and gonna get killed on taxes obviously. So far I do 57k to the SEP, but other than that, not much else. Am considering a defined benefit plan as my paralegal will be eligible this year for that. Also, considering buying an apartment building or commercial building to do a cost segregation study to accelerate depreciation and offset taxes? + +Anything you guys use that you think might be helpful? + +Thanks! +"**Try to separate a man from his soul. You'll only strengthen him, and lose your own."** + +&#x200B; + +Hello once again, my beautiful dipshits! I find myself in a type-y mood this evening, so I might as well put it towards a bit more confirmation bias. But this wont be all feel-good vibes. I've gotta hit you with some realness as well, and I hope you'll be receptive to it. But first, a little more of that yeezus juice for your veins: + +&#x200B; + +You aren't market manipulators, gamblers, a "cult", or any other form of bullshit MSM or the shorts would have you believe. In fact, they're all holding back smirks as they try to paint you as the culprit when they'd do the exact same in your place. In fact, I'll wager one mooned GME share that Melissa Lee and friends are all long on this bitch. You've made arguably the most intelligent single play in market history, followed closely by the shorting of the British pound. And it fucking infuriates them. You little plebs from all walks of life, with your imperfect information, your memes, and....ugh, your HOPE. Disgusting. + +How could you possibly have found, understood, and capitalized on a decade's worth of education in a matter of months? How could you be holding through the wildest swings and the most extensive fraud the market has ever seen, defying "economic fundamentals" the whole way? As popular as behavioral economics have become in recent years, this is still unprecedented behavior. What good is buying "one more day" when the end result will ALWAYS be the same? How is it possible that NOTHING has an effect on diamond hands?!?! + +&#x200B; + +They've never understood, and never will. They haven't been through what you have. To them, the American Dream is still very much alive. How couldn't it be, when it was handed to them on a silver platter at birth? It takes a special kind of idiot to shirk your birthright, your easy path to easy paydays. To allow the shame and regret of what you're a part of wash over you completely and drive you down another path, rather than bottling it up and hoping it doesn't eventually kill you. + +\*waves\* + +To John Q Public, the American Dream is dead, and has been for some time. As I've said before, the proletariat is only complacent until they're not. History doesn't repeat itself, but it does rhyme. This boom/bust cycle has become steadily and steadily more egregious and offensive each iteration. And as wonderful wrinkly fuckers like /u/dlauer, /u/criand, and /u/atobitt have pointed out, this situation runs SO much deeper than just Gamestop, just "meme stocks", just individual stocks. This has pervaded every dark nook and cranny of the global economy, but especially here in the U.S. And for the first time in history, technology (as obscured as what we have access to is) is allowing us to expose it in real time. + +You'll see a lot of people pointing to '08, Overstock, or recent examples of FTDs being dragged out ad infinitum. And even though grandfathering was abolished after the Overstock situation, with the promise that it would never happen again, who knows what shorties might try this time around? They have access to all these tools and tricks and fuckery we don't, right? Well, yeah, but as many others have pointed out, there are simply too many eyes on this now. Everything they do or try is exposed here and on other social media platforms within hours. And yes, it would be the ultimate "fuck you", the ultimate kick in the balls, the ultimate sign to retail from around the globe to NEVER touch our markets ever again. + +But, believe it or not, the problems for our nation and our government run a lot deeper than just that. + +GME is just the tip of the iceberg. Don't get me wrong, it's a WONDERFUL tip. I can't think of a better example of fundamentals winning out over fuckery. Unlike a certain popcorn stock, there are wonderful, trustworthy, customer-focused professionals at the helm. Our Goliath nation has been holding open auditions for the role of David for quite some time now, and Ryan Cohen couldn't be a better candidate. However, as I've always urged, when you're talking about the likelihood of a scenario happening, you can't ever view that scenario in a vacuum. + +&#x200B; + +**What's Coming** + +Again, as the posters I listed above have pointed out extensively and thoroughly, what we're headed for is scary. Terrifying, even. We will see "the worst economic fallout since the Great Depression, and possibly even worse" (quote courtesy of Broviet Sr.). One is forced to consider the ramifications of letting (or even incentivizing) this to happen, versus what stands to be lost. + +Given the depth of the fuckery afoot in all corners of the market, GME will truly be a drop in the bucket, even if they're paying out millions+ per share. There's more toxic bullshit being traded back and forth than you could shake a stick at. The coming crash is undoubtedly going to disenfranchise and destroy millions of lives. '08 on PCP. Global devastation. So why, with all the other dogshit positions that must be addressed, would they care about making sure the lil ol' Gamestop rocket goes off as it should? + +Just ponder, for a moment, what a monumental pain in the dick it has been to pass just a couple measly stimmies. And even when we do manage to get them approved, they're for a paltry amount of money that does almost nothing to save the average drowning citizen. Yet since they are available to every citizen, even a paltry sum like 1200 bucks adds up to a massive payout. + +A GME mooning would cost the market and the FED the equivalent of a few stimmies. The difference is how that money would be appropriated. First, as has been discussed, the federal and state governments will get back half that can immediately be put to use staving off the disaster that is headed our way. But you have to look beyond just that. If you give a 1200 dollar stimmy to an apartment complex full of people...congrats, you've saved them a month of rent. If you give a GME hodler 50 million dollars, he can buy the damn apartment complex and turn it into a homeless shelter or soup kitchen, etc. + +The consolidation of tendies isn't inherently evil. It's only evil when consolidated by evil people. Any behavioral economist worth his salt could spend a week on Superstonk and tell you that, from a utilitarian perspective, allowing this squeeze to happen (and even forcing it to) is the absolute best thing that could be done for the average global citizen, given the fallout that's coming. This play not only gives the government a ton of cash to play with to address widespread economic distress, but apes will be helping them every step of the way. + +The alternative? Well, that's....much darker. You'd be talking about hundreds of thousands, if not millions, of disenfranchised, homeless, dead. And if that happens, Occupy Wall Street would be choosing a much less friendly verb this time around. + +&#x200B; + +&#x200B; + +**TLDR: I'm not sure how many of you even realize this, but your behavior is indeed "hyper-rational". People always talk about "not investing money you can't afford to lose". Well, when the alternative is losing the shirt off your back anyways, you tend to give far less fucks about that few grand you dumped into the one play that might save your family's lives. There is less than nothing that they can do to force you to paper-hand. It could drop to 20 dollars on Monday, and I'd have not a shadow of a doubt in my mind that 99% of you would be gripping and ripping right back to the promise land. There's nothing that can be done, and they're running out of time. All digging the hole deeper does is widen the prospects of what we can do for our countrymen (no matter where on Earth you are) once the MOASS does hit. The government/SEC may not choose to fuck Wall St outright, but if they've any sense at all, they certainly won't be stepping in on their behalf. It's okay to be "tired" or "scared". But you know damn well you ain't selling until you see a stupid number 😈** + +&#x200B; + +**STLDR: "I'm just bout that action, boss." -Marshawn Lynch** + +&#x200B; + +🙌💎🚀❤❤❤ +Alright so long story short I'm 23 years old and the most I've ever made in one year was 40k. I recently got a promotion at work that will earn me 100k+ (I discuss salary today). I really suck with money. Bills and filling my fridge cost me about 3k a month. My biggest problem is not being able to save money. I always dip into it when my checking account is running low. My goal is to put away a good chunk of money and maybe invest 500-1000 every month. + +I have a child on the way and I need to make sure I get my shit together. The promotion was perfect timing but now I have to make sure I don't blow it. Anyone out there have any advice for how much to be putting away? How can I hide money from myself? Whats a good way to start investing? How can I discipline myself better so as to be more responsible with money? I really just need the most advice possible so even if you aren't answering one of these questions, please leave your thoughts below. Thank you. +This time of year is the best when I dont need to use the AC driving up my electric bill but it's not too cold to need to use the heat, this should last until about early to mid October and I can't wait to start seeing the savings +Dear IBKR Canada Existing and Prospective Clients, + +You may have heard that Canadian Imperial Bank of Commerce (CIBC) launched a new product for investors who want to own a fraction of Amazon.com stock while hedging their Canadian dollar currency risk. + +This product is modeled on American depositary receipts or ADRs used by investors for many years to buy shares of non-U.S. companies on a U.S. market center. The CIBC sponsored receipt or CDR represents 1/200 or 0.005 of a share of Amazon. Although a "new" product in Canada, it is hardly an "innovative" one in our opinion. It is intended to compete with the U.S. fractional shares first made available in Canada by IBKR in 2019. + +The product claims the added benefit of providing a Canadian dollar currency hedge. A CIBC executive was quoted as saying that this feature allows investors to "own the company, not the currency". Unbeknownst to him maybe, IBKR's Canadian clients can already do this easily. + +At the core of IBKR's mission is our relentless drive to provide clients with sophisticated technology to easily manage and "unbundle" the currency risk in owning U.S. listed securities. + +When IBKR clients trade a USD denominated product in their margin account there is no need to convert the account's CAD denominated cash into USD to ensure trade settlement. We create a loan for those USD funds so clients can benefit from a rise in both the CAD and in the underlying share price, which trades in USD, if that is where they see these respective investments going. It is not one over the other unless clients choose to make it so. + +Because we have offered Canadians the ability to "own the company, not the currency" for close to 20 years now, we hesitate to qualify the CIBC CDR as "innovative". + +We do agree that IBKR is the only Canadian broker that allows its clients such flexibility. + +Indeed, Canadian brokers force you to convert your CAD into USD to settle the USD denominated transaction. As a matter of fact, one well known Canadian broker may currently be able to sustain its zero-commission offering by charging its clients currency conversion fees on CAD to USD conversions (and vice-versa). + +In closing, the CIBC CDR is only available on Amazon shares, and it is anticipated to be also made available on, at best, a handful of U.S. listed issuers and this is pretty much the same for the U.S. fractional shares offering of other Canadian brokers. + +Let us remind you that IBKR offers fractional shares on over 10,000 U.S. listed stocks and ETFs. + +Although it is always interesting when a new financial product is introduced, we believe it is more newsworthy when the new product is also innovative. On this note, IBKR has been, over close to 2 decades, a consistent although discreet financial technology pioneer helping the Canadian investors trade like pros. + +It is our sincere hope you will continue to benefit from our transparent suite of services and if you are still not a client, maybe this will nudge you to come and trade with us soon. + +Don't Play Games - Invest with a Pro. + +Warm regards, +Xxxxxxxxxxxxxxxxxcc +Managing Director +Interactive Brokers Canada Inc. +So the cash rate increases, which causes the banks borrowing costs to be higher. Does that mean the banks are paying the RBA more money? + +&#x200B; + +Tried to look up macroeconomics but it got a bit heavy quickly. +GDP per capita in the US is approximately 62,000 dollars but GDP per worker is approximately 130,000 dollars. Hypothetically if every employed person earned an equal salary would everyone be making 130,000 dollars per year? +I’m a high school student planning on studying economics next year in Canada. I really love the subject and feel passionate about it. Business is a bit too general for me and I feel like it’s a degree everyone just goes for because it’s easy and “safe.” On the other hand, economics is like the more prestigious version of business in my eyes. The problem is with research online and some comments on this sub, everyone seems to say that it’s a useless degree and doesn’t open many doors career wise. Honestly, my goal is to become rich and have a good job. I would rather study something else if a bachelors in economics won’t get me anywhere. Please tell me whether your degree has been lucrative for you. I’m stressing out about what to decide. +We know that Trump railed often against immigration and that the immigration numbers went down under his tenure (at least the number of legally admitted immigrants). Is there any evidence that this hurt the size of the labor pool and led to the labor competition that we see now? +I'm sure this isn't the right sub but it is money related, I am very lost on how to sort my money out. + +I'm rounding to keep it simple. + +I make 1400 a month, my bills are 1200 a month, I don't know how, I'm fucked, I've tried so many different approaches including trying to find another job, I don't eat the last week of the month so my kids have got food. + +My missus isn't able to work because of health issues and looking after the kids so for every extra quid I make they take like 70p off of her benifits so I'd have to have a pretty substantial gain for it to matter. + +I've taken pretty much all luxuries away from myself and today I cancelled my Spotify. + +Getting rid of the car isn't an option, I can't take a loan out for some reason and even after looking at that I don't think that would really help much. + +I know I'm ranting but I am genuinely lost, Christmas is definitely off the table, I need help. +Hi all, + +Looking for a few recommendations beyond "contribute to retirement plans" + +I own a pass through LLC business with 10 employees that generated about 650,000 in profit for me. I also generated another 100k in consulting fees and I exercised options for another 100k in revenue. + +My tax bill is DISGUSTING. living in NYS I also have high state taxes. + +I own a home and have a mortgage on it. I've got about 1,000,000 in loose cash I can use for investments. I am married with two children and both my parents are alive and I'm an only child (in case leaving money in trusts under their names would help) + +What can I do to lower my tax bills in future years? + +&#x200B; + +If you guys know any great tax lawyers please DM me recommendations! +So I am 27 years old and a perpetual student (I'm currently a PhD student but leaving to start a full-time job), so I've basically always been "broke". And by broke I mean that my money essentially goes towards tuition, rent, food, and necessities. I have money in the bank that I suppose is "savings" but I have student loans so if you add everything together I am still in the red. + +I'm about to start my first long-term full-time job and I'm a bit lost on how I should be budgeting/saving since I am so used to just having to spend as little as possible and not save. I'm wondering what a good amount would be to save? I want to save for a house and then I suppose I should start saving for retirement. Is there a certain percentage that is advisable to put towards these? And a certain percentage/amount to put towards my student loans (they are about $12,000)? + +I'm also wondering what a reasonable percentage of my income would be to allocate to rent. I would really love to live somewhere a bit nicer since I've been living in old "student" apartments for the past 9 years (rats, bed bugs, I've seen it all haha). However, I don't want to go overboard with my budget. The income from this job would be about 2.5 times what I get as my graduate student stipend so it seems like a lot but I don't want to get overexcited and go overboard. + +Any help is appreciated :) +Back when Warren Buffet came up with this saying, people were rather uneducated on the stock market, they were greedy when stock's were going up and fearful when they were going down, causing them to sell and buy at the worst times. + +These days it seems everyone knows this quote and has this knowledge, and everyone is buying the dips, everyone is being greedy when the market is going down or is supposed to go down, like july 28th. Now the masses are doing exactly what Warren Buffet would suggest to do, no one is fearful it seems and every investor knows to invest when the market is going down or is "supposed" to. + +How does everyone buying when stock's are falling, instead of everyone selling out of fear affect the market? How is it recommended to act? It's as if this quote is saying: "Do the opposite of the masses", but it doesn't make sense to just flip it. I'm quite the newbie in stock market investing so please share your thoughts +I'm reading a book on forex trading (in general). **should I be reading a book on Forex day trading specifically?** + +**What's the most common (or best) style of trading used with forex trading?** + +&#x200B; + +P.S. as I'm sure you can tell, I'm a noob + + +Edit: Thanks for the advice everyone! I read and upvoted everyone's comments! +In 2011, when I was young and dumb, my older sister asked me to sign for a car loan for her and her husband for a 2011 Infiniti QX56 totaling about $60,000. At the time, her husband was the sole earner while my sister didn't work for religious reasons even though she has like 2 masters degree. I had pretty good credit while they had very bad credit. At the time, I was saving money along with my then girlfriend to buy a home. I initially turned down the request from my sister but my family pressed me and I stupidly relented and signed the contract which cost me my relationship with my then girlfriend. At the same time, I also signed a contract to rent a home in Texas for them (i lived in DC at the time and now Seattle) because of their bad credit. They kept up with the payments on the car and home until about 19 months ago. Due to financial issues, they started slipping up in their payments eventually leading up to them being evicted (and I only found out about the eviction after the fact due to an alert on my credit report). The landlord sued them (me) and got a default judgment against me for about $5000. In addition, the financial institution I got the car loan for contacted me today trying to repossess the car. My sister and her husband failed to inform me that they were 96 days past due to the tune of $4,000. I had to pay $4000 to have the repossession activity halted. + +Here's my bind. My sister and her husband can't make payments so I have to now. The car loan is valued at $29000 with a monthly car note of $1054. I make above $4500/ month with my biggest expense being rent of about $1500. I lead a pretty streamlined life so this new expense feels overwhelming. Question, how can I get this debt under control? How long will it take to fix my credit? I used to be in the low 700s and now my credit is hovering at 615 and the credit bureaus have not yet reflected the late payment of the car note. Can I rent with the civil judgement showing up on my credit report? Please help me. + + +TLDR: Solely signed for a $60,000 car loan for sister, now she can't pay and now I'm on the hook. Also stole my SSN. Yay! +Are Sovereign Gold bonds backed by Actual Gold? + +I know that Gold ETFs are mostly not backed by actual gold. But SGBs are issued by RBI, and RBI has Gold reserves as well. So risk of non-payment on redemption is very low. + +But still good to know if those Gold reserves back these SGBs in any way? +This question was verbatim asked in /r/askphilosophy, and I'm interested in seeing how it's responded to by this field compared to the other, even if you all know relatively little about the inclusivity of philosophy departments. Rather, why does the mainstream rarely, if at all discuss Marxian thought? +Do I make millions a year like the youtube robinhooders "supossedly" do? No. But 500-1000 a week on top of my normal job is easy. Hete it is: go to your screener, filter avg volume more than 1 million, price below 10, and above sma20 and below sma200. increase: 5%, then choose stocks that are in "downgraded status"....buy what you can afford and wait. Put your alerts on "status upgrade" for each stock. If it upgrades post market, up your position for pre market. (Yes you will have to get up early to buy/ watch the pre- bell)If its rising, sell profits after morning bell. Then hold initial investment and ride it to its restriction point and sell profits again. DONE. if it keeps rising during day or post market than keep buying with only your profits! If it starts selling off, no worries just do a stop loss at you original entry point. This method works 99% of the time because small caps always go up avg 18% on upgrade news. I do this on a simple 300 weekly budget and always see 20% to 100^ returns on a 5 different stock portfollio. +AMA Today, 19th May at 5PM EST with me on Twitch! Let's have a ball! [https://www.twitch.tv/hoodrattoken](https://www.twitch.tv/hoodrattoken) + +We will also announce the giveaway winners so come numerous! + +This chart has done quite well during the last day of mayhem, holding strong with an even stronger reversal in progress. AMA today, should learn more about the roadmap and additional details on the rug but they're developing. + +$HOODRAT launched 1 week ago, with a mission to protect investors from the murky waters that are BSC DeFi. In a nutshell, these guys are building a bot that scans contracts to help investors make better decisions or know when to pull out. + +"HoodRat is committed to helping protect you and your hard-earned gains. Our proprietary bot will scan new and existing contracts, providing key insight to you and the community. This will allow you to make the most informed investment decisions on the fly." + +Check out all they've done since launching 1 week ago: + +[Solidity.finance](https://Solidity.finance) Audit ✔️ + +Blockfolio Listing (progress) + +CoinMarketCap Listing (progress) + +Website and Community Building ✔️ + +Team Reveal AMA ✔️ + +Mass Marketing Campaigns ✔️ + +CoinGecko Listing ✔️ + +Stocktwits Listing ✔️ + +Delta Listing ✔️ + +The chart has been healthy and continues to break ATH. The team has been moving fast and efficiently, establishing key relationships with strategic partners like Moe Bradberry who is currently onboarding additional partners. They've had a focus on building a strong relationship with their community. They have been available on voice chat since pre-launch, explaining every step of the way. Immediately after launch, they hosted a Team AMA / Dox Event on their Twitch. They just got listed on CoinGecko! + + + +🧀 BUY ON PANCAKESWAP + +🧀 1,000,000,000 Total Supply + +🧀 50% of supply burnt at launch + +🧀 5% Of Every Transaction is automatically burnt + +🧀 5% Of Every Transaction Redistributed To Holders + +🧀 Liquidity Locked + +🧀 Website: [https://hoodrat.finance](https://hoodrat.finance) + +🧀 TG: [https://t.me/HoodratToken](https://t.me/HoodratToken) + +🧀 Twitter: [https://twitter.com/FinanceHoodrat](https://twitter.com/FinanceHoodrat) +I park cars for a living so please forgive my poor communication skills. This is not financial advise. Hang with me this starts off slow but speeds up fast. + +&#x200B; + +Yes this is about a frustrated DFV, tin foil RC theories, and how they point towards Computershare. In fact its DFV returning to try 7 times and tin foil speculation is RC tried 3ish times. This is 100% speculation. + +2/24 thru 4/8: A 'jump' into 'cone' 'poo' 'chair' mixed in among other tweets. We've all seen these RC tweets over the course of a 6 week period. Nobody i saw put any of these guys together back then. /shrugs "meh" + +&#x200B; + +[RC 1st - Cone Poo Chair](https://preview.redd.it/jhzykbrvntr71.png?width=614&format=png&auto=webp&s=6b3a4367f405eda5ad88cba666ff40292766cf82) + +&#x200B; + +4/16: DFV aka roaring kitty posts what i believe he truly intended to be his final twitter post. cat hugged by ape /tears + +4/20 thru 4/29: RC tweets ted jerking it which has recently been interpolated to mean 'cum' and mr hanky the Christmas 'poo'. These are mixed in with other tweets and still not sequential. /shrugs "it rips when he tweets shit memes lul" + +&#x200B; + +[RC 1.5 - Cum - Poo](https://preview.redd.it/3e9jq7xyntr71.png?width=614&format=png&auto=webp&s=7f20c0aa5e81b0a02615bafc5706513b5a36a7ce) + +&#x200B; + +this is where things get exciting, i promise + +6/1: DFV ruins his perfect public exit with a tweet expressing "roaring kitty is back!" and "has had a breakthru!" + +&#x200B; + +[DFV new DD! I'm back and have had a breakthru](https://preview.redd.it/sd2slx29otr71.png?width=829&format=png&auto=webp&s=7f19ee3c6eeca999fa2a6fa1c981748af4e3cfaf) + +&#x200B; + +6/1 (cont): The next two tweets express that we dont have to be locked up with the shorts, rather they can be locked up with us! how can this be? the next video is edited for a specific dance scene for with computershare's logo on the floor 'everybody....yea.....' + +&#x200B; + +[DFV1st attempt: lock it up...everybody...yea....in computershare](https://preview.redd.it/kdk7s6bcotr71.png?width=760&format=png&auto=webp&s=a60d319b03ea6785604309208e0d7392aa257440) + +&#x200B; + +6/2: DFV probably sees this didn't have any reaction on reddit, his first tweet 6/2 is about a poem that to the reader doesn't fully appreciate, but he's super proud of the 6/1 sequence. it is poetic perfection and was alot of work but we dont get it. oh well, he'll try a 2nd time. + +In fact he'll try the same formula again. 'Our common goal' (so this next sequence will be about us as investors).....DFV is Parzival and has figured something out (re: aka had a breakthru) ...the other player (ape) riding gamestop (logo on the bike) then asks Parzival to tell what he knows!...then the bike aka gamestop 'launches'....but we know how this sequence went after in the movie. You have to go backwards (thru the share chain of custody to Computershare) if you want gamestop to successfully launch!...the next meme is him communicating that he's sending the same message that he just tried to communicate on 6/1 + +&#x200B; + +[DFV 2nd attempt: new day same message and formula](https://preview.redd.it/r8xmrdefotr71.jpg?width=1020&format=pjpg&auto=webp&s=649d2258a5899be0760fae80bf42c7648efbf440) + +&#x200B; + +6/3: The next sequence is the cat (DFV) waking up and then checking the HOT in reddit to see that again, nothing has come of his now 2nd sequence of Computershare tweets (joker's bomb not going off). No problem, he's got a really really clear 3rd sequence. Enter mystery men scene putting together RC's 'cone-poo chair' images that had previously not been combined like this, in an easy spell it out WHAT DO YOU SEE format. He then follows this up with 'when the world deals you a .......got to the furry wall. Look at that wall! The Computershare logo is literally dark purple in the video clip and he's rubbing on it telling you to go there. The final tweet for the day is DFV (the old man) expecting to sit back and now for a 3rd time watch the hopelessly ill-financially knowledge equipped apes (the rider struggling in the stream) chew on this sequence. + +&#x200B; + +[DFV's 3rd attempt](https://preview.redd.it/5cxftt0iotr71.jpg?width=1020&format=pjpg&auto=webp&s=c63726046425c8e966139483dbc0191deae03a56) + +6/3 (cont): RC tweets sears sign being torn or 'tear' down. some folks have indicated this could also be 'ars'. /shrug 'a stretch'. reddit digs into sears etc. Its confirmation bias for DFV seeing this possibly com together for a 2nd time on RCs end. + +&#x200B; + +[RCs 1.75nd attempt](https://preview.redd.it/kkl8ofsjotr71.png?width=340&format=png&auto=webp&s=30163c94bd6568dd0f2a56b36d299bcc8d07b868) + +&#x200B; + +6/8: DFV is back to try again! "Stop him if we've already heard this one" is a reference to this being the 4th attempt with the same message. He then has another 'launch' tweet via that cat song, thats the objective here. The 3rd tweet is DFV thinking, how he can say the same thing again. 4th is 'its ok i've got another bullet in this meme chamber' for this. I haven't seen a good explanation of the 5th, i'd love to hear a theory but so far i think he's trolling us and its purposely confusing as an expression of his frustration with us. (edit: the cat communicating and us talking jibberish, not getting the cone)...which ties in with the 6th tweet with 'us' just asking to be told what to do. I imagine that this has been difficult to meme together and he never expected it to be this unclear for this long. + +&#x200B; + +[DFV's 4th attempt: Anguish about trying to come up with another way to say the same thing](https://preview.redd.it/nw4lmmpmotr71.jpg?width=1020&format=pjpg&auto=webp&s=d0021531f3d1907acb0eafea27c4bae41aa366ff) + +&#x200B; + +[Edit 6: emphasis on the 'O' after asking to be just told what to do 'O'](https://preview.redd.it/idnix2cervr71.png?width=750&format=png&auto=webp&s=43ea7366f424b479cb82e71f0da4492c4cd1e39f) + +6/9: He's back and has another idea for how to convey this, maybe a little weaker this time because its getting extremely difficult to come up with shiat to meme at this point. The top gun with GME 'launching' off the deck (3rd time we've got gamestop 'launching' in these sequences)....run.....to call the shares yours (gamestop logo on/is the coin we are calling here)....but why please explain it harder....he cant do it for you everyone has to do it for themselves. This is attempt 5. + +&#x200B; + +[DFV's 5th attempt](https://preview.redd.it/xfhmt6frotr71.jpg?width=1020&format=pjpg&auto=webp&s=e31aea7af43cb1043dd82d4baabfa1908d69b700) + +&#x200B; + +6/15 + 6/16: This still isn't working. Here [u/deepfuckingvalue](https://www.reddit.com/u/deepfuckingvalue/) is really stretching for content....so this time he exaggerates colors in the first 3 tweets "Red".......(let them stare at that one overnight alone so they get that i'm focused on the COLOR) - "White" (maybe? or him telling us to look harder) - "Blue" ......mix it together = ahha! (purple). 6th attempt. + +&#x200B; + +[DFV's 6th attempt](https://preview.redd.it/9fexxprwotr71.jpg?width=1020&format=pjpg&auto=webp&s=5baa3882a15475c09764afbb0fd61aafae8fb787) + +6/17: At this point its really hard for DFV to find content. Its a guy in purple (edit2: this guy IS computershare) turning nothing into something (ie fake phantom broker shares into real registered shares!). Go look at that one yourself. 7th attempt. + +&#x200B; + +[DFV's 7th attempt - pretty clear and consise actually.](https://preview.redd.it/ky7oi0h2ptr71.png?width=1020&format=png&auto=webp&s=c5bc9cca86680ba5450359231fa7b6b2652a5ada) + +6/18: DFV gives, he's out again. + +7/23: RC has watched this transpire and DFV totally fail to communicate his message (because we are r3t4rd3d). He chews on this for weeks. He still has one more tweet to communicate 'chair' but sees its failed once on his end and now 7 times on DFV's end. He tweets out the 'compooterchair'. Apes are excited with the interpretation that "hE's WoRkinG 24/7"...which is true but yea he's playing 4D chess so this both completes his 2nd attempt and is its own stand alone attempt. Still fail. + +&#x200B; + +https://preview.redd.it/fqhng416ptr71.png?width=438&format=png&auto=webp&s=3d275da3caefde57f81c2f7b999384e96dcefef3 + +RC 2.0 and 3: compooterchair + +Apes figure out Computershare is the way independently, hedg are fuk, and we live happily ever after. + +&#x200B; + +edit3: credit u/moronthisatnine has been trying to show us that RC might have a 4th here using the same color formula DFV used. Dowvoted to hell RIP + +[https://www.reddit.com/r/Superstonk/comments/q1yx0t/grab\_a\_blunt\_drink\_some\_whiskey\_listen\_to\_this/](https://www.reddit.com/r/Superstonk/comments/q1yx0t/grab_a_blunt_drink_some_whiskey_listen_to_this/) + +&#x200B; + +Edit 4: Excellent point someone sent me! + +Remember the FUD about no computershare insurance but brokers up to 500k? Like to convince us to stay at our safe brokers? Imagine your Keith with \~$30M in some broker and RC is tweeting out 741s like a machine gun (broker liquidation?!). 500k on 30M is not acceptable risk!!! No chance the cat is still in a broker, he's gonna be mostly if not all DRSs to protect his wealth....DRS lets you only worry about the solvency of gamestop.....broker you have two companies to worry about... + +&#x200B; + +edit 5: holy sheet just got back from work and i've got more messages than i'll ever be able to respond to. There seem to be ALOT more references to Computershare in those tweets people have found than listed here........i suggest everyone go back thru DFV's tweets from june and start filling in the blanks for yourself with those i haven't referenced above. +Here's the article: http://www.bloomberg.com/news/articles/2016-09-20/make-six-figures-there-s-a-decent-chance-you-ve-got-almost-nothing-in-the-bank + + +**For millenials, a little pat on the back:** + +"There is a bit of good news in the study. Older millennials—those aged from 25 to 34—were slightly better at saving than their Generation X counterparts. While 10 percent of Generation Xers had from $5,000 to $9,999 in the bank, 13 percent of older millennials had saved as much, notwithstanding their shorter time in the work force." + + +**And something we already know: it's hard to save when you're poor** + +"Only 11 percent of those earning less than $24,999 annually had more than $10,000 in their savings accounts. The majority, 38 percent, had saved $0, and 35 percent had less than $1,000 in savings. For those making between $25,000 and $49,999, 72 percent had either nothing or less than $1,000 in savings accounts." + + +I thought I’d head this off before some ape got ideas. This happened with bananas a few weeks ago. That is not something apes need to do. Sending random packages to places opens up another level of problems because they can claim it’s threatening and get FBI and others involved. GME hodlers don’t need that type of publicity. Be smart. + +edit: dang I was crazy busy all day and couldn’t check the sub. this blew up. Thanks for the rewards. Buy and hodl +I've seen someone say once many moons ago that using rude or weird comments on bank transfers can look bad when looking at mortgages, is this absolute rubbish or have any truth? + +Do I need to change the comment that I send rent to my boyfriend to from "sex money"? + +Eta, thank you all, for the sake of a very unfunny and dead joke I will change it *just in case* + +Eta 2: have been doing it for about 3 years with no issues +Well carrying on from my previous threads (link below) I bring to you the finale... + +https://www.reddit.com/r/AusFinance/comments/xfkohm/update_property_negotiation/?utm_medium=android_app&utm_source=share + +The agent called me yesterday to ask if my price and offer were still valid and if I'm still interested as she believes she has the developer over the line for around about my price. I said yes my offer is valid but not a cent more.... + +Today she has called to congratulate me. They accepted. + +I'd like to thank you for all of your support! Genuinely could not have gotten through this, my first property negotiation, without the help of every single one of you who contributed to my threads. + +Today is a good day! Here's to the little guy, the underdog, the consumer, the winner. Cheers errbody! +&#x200B; + +[Graph of net worth, fiat + crypto](https://preview.redd.it/q5mfjdlf3a861.png?width=676&format=png&auto=webp&s=81e71b5c50daaf2b3f83327bfd419732334e8e2d) + +* I can't tell anyone around me, but I'm so happy. +* My holdings are 60% ETH, 20% BTC, and the rest alts. (Edit to add, 449 MOONs.) My fiat is in index funds. +* I bought BTC at around $1000 in 2013. +* I bought ETH at around $10 in 2017. +* I haven't sold anything or taken profits, with the exception of a couple of ETH a few years ago for a trip to Vegas. +* I will sell 80% of my holdings when they reach $5 million. I'll quit my job and buy a house. +* I'll hodl 20% forever. +* Everything is in cold storage. +* The graph starts at $100k because I didn't keep track of my money until 2013. +* Please don't wrench me. +Apart from all the strong points of the Indian Economy due to which India is attracting so much foreign inflows during the COVID-19 period, how much is the effect of global policies for these increased inflows to India? + +What I am curious about is, how the COVID-19 recovery packages in developed countries, have led to increased foreign inflows in India? + +Is it like counter-cyclical policies across the world has made it easier for investors to access cheap money and they find India a preferred investment haven? Also, interest rates across the world are much lower than that in India and maybe once the rates begin to rise, we may see a taper-tantrum of sorts in the emerging economies, like the one in 2013. + +Would love to know what you all think about this. Please forgive any factual inaccuracies in my argument, I am still learning about these things. +It's not free money from the government. It's money you paid through payroll deductions that was in excess of what you actually owed. + +The tax return is the stack of forms you send to the IRS. + +Thank you. +Are there any ETFs with comparable exposure to these two? 0.75% expense ratio seems excessive to me and will significantly eat into returns over 15 years. +# Boda V2 Certik Audit Passed! [https://www.certik.org/projects/boda-token](https://www.certik.org/projects/boda-token) + +With an additional audit from Dessert Finance - [https://dessertswap.finance/audits/BODAV2%20BSC%20Audit%2012589865.pdf](https://dessertswap.finance/audits/BODAV2%20BSC%20Audit%2012589865.pdf) + +**BODA V2 is a hyper deflationary token built on Binance Smart Chain token, rewarding holders with an incredible 19% in BUSD dividends! BODA V2 is already listed on CMC & CG, along with listings on FTX (Formerly Blockfolio), LiveCoinWatch, Watcher Guru, MoonScan, CoinSniper, and many other sites. Partnership with FEGex, MDEX, & SokuSwap exchange.** + +BODAV2 Holders earn Busd in automatically paid in dividends! The highest paying Busd dividend token on Binance Smart Chain! Earning Busd in your dividends will protect your earnings from price volatility, which is great during market dips! You will continue earning BUSD for as long as you keep holding. The BUSD printer will never turn off! + +Fair Launched on 22nd Sep 2021. + +Over $770,000 in BUSD Paid out to all holders! + +**On average, an investment of $100 could earn you up to 19 BUSD per week. The more you HODL, the more you will earn!** +**BUSD dividends continue for the life of the token as long as buy and sells occur. There is no limit on how much BUSD you can earn per week!** + +Anti-whale and Anti-Rug mechanics are in place to protect investors. + +Automatic burns - 2% from every buy and sell will be locked forever and taken out of circulation, meaning the rewards per token will increase more and more over time. + +Manual Buy-Buy & Burn - +The team will do Quarterly (every 3 months) manual token buy-back of BODAV2 tokens and then burn the tokens to reduce supply to ensure the value keeps moving upward. +When the team does a buy-back of the tokens, BUSD dividends are also earned from the manual buy-back. So every 3 months BODAV2 holders get an extra boost in rewards! +BODA V2 now has a merchandise store, where 100% of all profits will contribute to the buy-back and burn initiative! + +1,000,000,000,000,000 total BODAV2 supply. +32% already Burned. +638 Trillion is currently in circulating supply. + +Contract - 0xdc847755343c3a2b94d6afc0aae57651e1b14064 +Decimals – 18 +Symbol – BODAV2 + +\- Liquidity Locked on Deeplock until 2024. Extra Liquidity locked on Unicrypt. +\- Doxxed Honest Team with experience in Crypto since 2016 from Australia. +\- Strong Community. +\- Across all social media such as Facebook, Twitter, Instagram, TikTok, YouTube, Rumble, Reddit, Discord, and Telegram. +\- CoinGecko and CMC Listed. +\- Certik Audited. +\- Dessert Finance Audited. +\- Earn rewards in BUSD just for holding. +\- BUSD Rewards are paid automatically. +\- Yield Farm and Governance token are almost complete! (Pending audit before launch). + +Marketing includes; + +Twitter Influencer promotions! +Telegram promotions! +YouTuber Influencer Videos! +Banner Ads on PooCoin Charts! +Banner Ads using Coinzilla! +Facebook Ads! +Watcher Guru Ads! +Crypto Press Releases seen in Yahoo Finance, Business Insider, Marketwatch, Bitcoin Insider, Crypto Daily and BSC News! +Billboard ad in Times Square, NYC! +Billboard ads in Los Angeles booked for December! + +Links - + +BodaV2 is now live on Pancakeswap V2 - [https://pancakeswap.finance/swap?outputCurrency=0xdc847755343C3A2B94d6aFC0aAE57651E1b14064](https://pancakeswap.finance/swap?outputCurrency=0xdc847755343C3A2B94d6aFC0aAE57651E1b14064) + +Telegram : [https://t.me/Boda\_Token](https://t.me/Boda_Token) +Discord: [https://discord.gg/XMF4UctSnv](https://discord.gg/XMF4UctSnv) + +Twitter : BodaToken + +Website: [https://bodatoken.org/](https://bodatoken.org/) +Per Bloomberg data, Musk’s 9.2 per cent Twitter stake would make him the largest shareholder in the company. Notably it’s more than quadruple the 2.25 per cent position of founder Jack Dorsey. At pixel time, Twitter’s stock is up 25 per cent in pre-market trading to $49.09. + +[https://www.ft.com/content/29b9c884-02d7-4d1c-a4ab-c862242fa76e](https://www.ft.com/content/29b9c884-02d7-4d1c-a4ab-c862242fa76e) +I'm seeing a-lot of comparisons going on to the bubble in 1999 with the crazy valuations going on. Furthermore, I see the same things like 08-09 was the last time we had a serious correction and increasing Covid cases with the weakening dollar could be the catalyst blah blah blah. Who the hell cares? This fear mongering of what might happen tomorrow is some shit i'm tryna leave behind in 2020. The bigger picture here is that our very landscape has changed in the last 2 decades and we have to stop being scared of change and fear of a correction. Can it happen? Sure, in fact it probably should happen but will that change anything in the long term? No. Here's a few differences between our very economy now versus what it was like 10-20 years ago... + +We live in a day and age where more people have access to investing in our history with zero commission trading fees and apps like robinhood, acorns, or betterment that appeal appeal to the beginner investor. The result is that the younger and younger generations are becoming more involved in the investment sector of the economy. Coupled with the fact that a large part of these young investors Millenials and Gen Z, do not own a home and/or live with their parents they have more freedom to put their disposable income into the market. What's interesting is that millennials are actually one of the most cynical generations towards the stock market mostly because we have lived through two major recessions in recent times and have a large distrust placed in large financial institutions. This seems to have fundamentally changed proportion of americans who are benefitting from the stock markets bull run from an individual standpoint. However, with the rise of 401(k) benefits offered by employers and expansion of these plans, millennials are shifting more disposable income towards these options as opposed to self directed or individual plans which tells a different story. + +We live in a day and age where new financial instruments and investing options are dominating the market popularity. The historic rise of ETFs approx +6,000 since 2009 have ushered in a new era of low cost diversification for the average investor. Employers are increasing 401(k) benefits and company match policies allowing for large capital accumulation among younger investors who are reaping the benefits. The rise of cryptocurrency has brought in an entirely new method to invest in the future which is particularly attractive to the younger generations who have lived through the technology era and have seen what investments in the future can look like. + +We live in a day and age where we are exchanging information at the blink of an eye with a simple google search. Trend identification and data analysis in this day and age is easily accessible and a powerful tool to the average investor. Things such as cloud computing, AI, Genomics, blockchain, green/renewable energy are changing the foundation of our future and these ideas aren't going away anytime soon. Access to social media, blogs, investment forums have never been easier and will continue to advance our general education and understanding. + +Who knows what the next 10, 20, or even 50 years will bring? I don't know but i'm certain that **change is here to stay** so stop worrying and embrace the unknown. + +While I do agree with you in the fact that some of these company valuations are insane and this bull market cannot be seen as sustainable in the short run I think it's important to weigh those concerns with the macroeconomic factors that have changed the investment landscape in the last 10-20 years. You should have a healthy dose of skepticism otherwise you will be caught off guard but you should also take into account the investing world is evolving and traditional metrics and guidelines in which investors have traditionally based their investment decisions on needs to adapt with it. What remains true is that not all great things can last forever and a healthy correction is brewing in the future and trying to time it is, and always will be, the worst mistake you can make. DCA into your positions has and always will be no matter what the best way to invest. + +Who knows what the investment landscape will look like in 10-50 years? Creative destruction in our world knows no bounds and we are constantly advancing toward it. Change is brought on by optimism and in a 2020 lacking that - heres to a forward looking future built on the backs of bulls! + +&#x200B; + +Edit 1: Been getting a lot of traction and appreciation as well as hate for this post so I want to clarify a few things about what i'm tryna say here. + +1. I am not saying invest heavy into Technology/Clean energy or any of the other crazy shit that's been popping cause it will stay that way. I am saying that look at what technology and advancements we have made just in the last 10-20 years as a global population and tried to tie it to financial advancements related to technology. What will the next 50 years bring? I don't know but i'm excited to find out. +2. I am aware that we are in uncharted waters here as a country and there are a lot of risks regarding the economy right now. You'd be an idiot to think that there are not going to be consequences for the amount of money printing we've been doing. The M1 money supply just shot up this last year and if we hit inflation we could be in trouble. Invest smart, look for value, average in, don't buy into the hype/FOMO, you'll be setting yourself up for some losses. +3. My post is geared to a lot of the newer investors that are coming into this space trying to figure out what the fuck to do with their money. A lot of them are scared about what could happen with the economic factors right now. I am saying that look at us as a whole in a broader sense of the market - look what we have done in the past 10-20 years as a nation and as a global population. It's fucking exciting and that innovation and drive for the next generation future will never stop. Think long term always as a new investors, you're young and can handle losses. I saw a comment on another thread saying "take your initial losses as tuition in learning how to invest" and that is the mindset of a winner in the long run. Investment in yourself and making your dollar work for you is building that future and its exciting. +4. Stop calling me stupid/naive it hurts my feelings lol. I'm a youngin who wants all this 2020 fear and negativity to stop and I want my fellow youngins to join me in building a better future. + +Cheers! + +Edit 2: Thanks for Gold! + +Again, please just take this post at face value and not for what it isn’t. In no way shape or form should this be taken as financial advice or recommendations as everyone’s situation and appetite risk is different. You can nit pick my post for what it fails to cover not consider blah blah blah. My point is plain and simple - there’s a lot of worrying going on right now in the market but investing for your future is the best thing you can do especially if you are young and haven’t started. +If u look at a 5yr chart, most CAD banks remained flat for the first 3 years - like no growth whatsoever. They then had a great run afterwards, and now it’s coming back down to earth. + +What factors go into believing that the next 3-5 years will consist of another run as opposed to a flat horizontal line? +I remember seeing another teacher comment on a post here a while back, so I wanted to see if there were any other people here who are on a less common path to FatFire. Most of the FatFire stories we read here are people who have started their own business, invested in a tech startup, do real estate, etc. and I'm interested in hearing if there are any other less common stories. + +I'm a high school teacher (along with quite a few other side jobs I do that make up the bulk of my income) and I'm planning on hitting FatFire around age 50. For me, FatFire would be a monthly income of $25k which would mean having $7.5 million in retirement funds. + +The salary I get from the school district is about 20 - 25% of my total yearly income, and the benefits I get from the job are fantastic. My school district contributes 10% of my salary directly to my 401(k), and I've automated an additional withdrawal to max out the 401(k) every year. + +As a public employee I'm also eligible for a 457 plan which is basically just another 401(k) with a max of $19,500 per year. I've also automated this to be maxed out from each of my paychecks. + +My health insurance is an HSA plan that the school district contributes to every month. I'm also automating paycheck withdrawals to max out the HSA every year, and we pay for all healthcare expenses out of pocket. We still haven't touched the HSA money, but we have all the receipts so we can withdraw it tax-free at any point. + +My wife and I both have IRAs that we max out each year, and we have an additional brokerage account where we invest any additional extra money. + +Overall, we make about $200k - $250k per year, and should have enough saved for a nice, fat retirement at age 50. The other side jobs I do are various types of online teaching for students all around the country. I have a computer science teaching endorsement which is pretty rare, and this has allowed me to contract with school districts all over the country as a remote computer science teacher and student mentor. + +I love this path - it's very low stress, I only work 185 days a year, and I work from 7:15 am to 2:45 pm every day. I've also been teaching long enough to have our district's equivalent of tenure, so I have extremely high job security here. Even if my side jobs all fall through, I still have a solid, guaranteed paycheck from my school district. + +I enjoy having somewhere to go every day, and it's very enjoyable to be around high school students. I teach computer science which is a really fun subject, and I love teaching kids valuable programming skills they can use to make money in the real world. + +Anyway, I've been lurking on here for a while and just wanted to share my story. I'm also curious to hear any other less common paths to FatFire that people might be on. +I was going to post on a burner, but I'm not afraid of typing this. + +Got a child on the way within a few months, so it made sense to get some more life insurance. My job's open enrollment just finished so I signed up through my health insurance provider. Got about 200k on myself which meant I needed to do an EOI (basically answer health questions). I'm 6'0 and over the past year hit 300 pounds and turned 30. Outside of that, no health issues. That easy "NO" to every question. Not even high blood pressure! + +Stock denial when completing my EOI. Letter in the mail? Height/weight. + +Of course, my membership to the Y has officially been dusted off as of today. Of course, I'm eating oatmeal. Of course, I could get life insurance through other various outlets instead of my insurance provider (AETNA). Of course, In a year I'll probably be much, MUCH lighter and back to my weight 2 years ago....but this struck me deeply, as when reading this forum, it's usually monetary issues. The "how can I get out of debt?" or "what do I do with this extra money?" issues. + +This is the first time where myself and others on this forum have probably experienced this and felt ashamed. I can't continue to build my personal finance and be comfortable in life until I handle this weight issue, and I hope someone else who is reading this post realizes that their weight may be as bad as a credit score issue in the eyes of an organization. + +That's all. Be healthy. Might help you actually spend that huge pile of cash you're sitting on for retirement! + +*The "obligatory edit"* + +- May be the first time on this forum's history that its been taken over by various fitness subreddits. So much great knowledge in here. + +- Many folks from /r/keto have sent PMs. Thank you. I have access to a dietitian so I'm going to discuss those options first before diving into a diet. + +- The oatmeal discussion is interesting. I'll finish out the canister I have before going to a more "fiber" solution, or just research further + +- Might be awhile before I can respond to PMs, but I thank y'all for those who want to assist me outside of Reddit with this. May not take you up on the offer, but I appreciate it. + +- Of course, I love the minority who send nasty PMs...never change, internet. +I have listed my house through a management co. -responsible for placing tenants and managing the property. They said they can share the criminal background reports and pay stubs with me. And can tell me the credit score, but not send the credit report. Also I am told I will not have any interaction with the tenants. Will not get a chance to ‘interview’ them and all correspondence will be through the management co. only + +Is this normal? + +Edit: As a first time landlord I am trying to learn and thus it was a naiive question, Thanks all for your comments, suggestions and time. I saw that it triggered some of you. Sorry if I got your blood pressure up. Just a novice here. Trying to get into real-estate investing. The only direct/indirect experience I have of this is my friend renting his house and managing it by himself. Thanks again!! +We started building a new home in October. It’s almost finished and our closing day is May 6th. + +I just got laid off this morning. Does anyone have any advice on what we can do? Would it be possible to have a job offer before closing day and that be enough to close? +The Dow jumped more than 500 points today despite the rise in COVID-19 cases. SPY rose by more than 1%. I think for all the traders thinking that we are due for a pullback because of the worsening COVID-19 situation need to think again. It seems the market does not believe that rising COVID-19 cases in the US and across the world is a relevant issue. I would be extremely careful about shorting right now. +Here's what I think is happening. + +DTCC has everything set (via new rules) to vaporize Citadel et al. but they haven't. + +Because they are waiting to see if apes crack first. + +The price has been steadily dropping. As other apes have pointed out, when volume is low, Citadel has strong influence over the price of the stock. + +They know about the hype for this week. They know what the TA indicators are saying. + +They also know that if they can drop the price despite all this, some will paper hand. They hope it will be enough to trigger a sell-off. They hope to survive another day. + +But deep down, they also know it won't be enough. The price could drop to $40 again and enough diamond handed apes will hold. + +Eventually there will be a catalyst. Likely very soon. The next T+X cycle or an announcement from GameStop. The price will start to rise. FOMO crowd will jump in. DTCC will say enough is enough. Prepare for lift-off. + +If you're tired of holding. I get you. + +If you're pissed at the recent price action, I get you. + +If tomorrow you are disappointed that the 14th might be a dud, I get you too. + +But look. What apes are doing? This has never been done before. And will likely never happen again. The opponent is formidable, but not all powerful. They have a breaking point and it will be found. The only question is will you be there when it happens. + +Remember. Through all the fuckery so far apes never left. + +And for whatever fuckery happens ahead, apes aren't leaving. + +Apes aren't leaving until fuckery is punished and apes get paid. + +Ape price or no price. + +💎 🚀 +Where in the world is ~~Carmen San Diego~~ SR-DTC-2021-005 otherwise known as "stop counting your shares twice" rule. We have passed record number of rules in the past month, and yet we have **still** not seen my (now second favorite to [SR-ICC-2021-007](https://www.sec.gov/rules/sro/icc/2021/34-91894.pdf)) rule come back in **any** form. It's gone, vamos, does not exist on the internet. **What the fucking** ***fuck***\*\*?\*\* + +The contents cannot be found on the federal register: [Federal register with search applied](https://www.federalregister.gov/documents/search?conditions%5Bagencies%5D%5B%5D=securities-and-exchange-commission&conditions%5Bterm%5D=dtc-2021-005) + +The file cannot be found on the DTCC rule filings: + +[Where in the world is DTC-005](https://preview.redd.it/06gy8vb3j6z61.png?width=904&format=png&auto=webp&s=722af39eb0b6ece1a6389c9f8da643864ac152ee) + +A smart ape copied it to the paste bin: [https://pastebin.com/adT3ZUZ0](https://pastebin.com/adT3ZUZ0) \- I have a copy of the PDF on my machine. Let's review what the **Purpose** of this rule filing was to be. + +Let's review the **purpose** of the filing: + +&#x200B; + +>... The Securities remain credited to the Pledgor’s account until the Pledgee releases the Pledged Securities or makes a demand for the Pledged Securities, as discussed below. Rather, a notation is placed on the Account of the Pledgor that the Securities are Pledged to the Pledgee and the Securities remain in pledged status until the Pledgee instructs otherwise. + +**And enter king fucking kong:** + +>As described below, this bookkeeping method does not adversely impact the rights of the Pledgee in that the Pledgee maintains Control over the Pledged Securities and the Pledged Securities cannot be used by the Pledgee for any other transaction unless the Pledgee releases the Securities from the Pledged Status through an instruction to DTC. + +***Wut mean Bobby?*** + +&#x200B; + +[A pledge, ie. collateral to buy your shit](https://preview.redd.it/lfz45upfm6z61.png?width=652&format=png&auto=webp&s=35fd91b20cf4386e8d49488ebba55f597ba559ca) + +\- **Pledgee:** A Pledgee may but not need be a Participant. A Pledgee is required by DTC to sign a Pledgee’s Agreement unless it is also a Participant. ***This is the person who selling shit.*** + +\- **Pledgor**: ***This the person who's trying to buy shit*** + +&#x200B; + +**What are they changing?** + +&#x200B; + +[Collateral is NOT RELEASED TO THEIR GENERAL ACCOUNT](https://preview.redd.it/p0w14o31n6z61.png?width=1215&format=png&auto=webp&s=c6475cca0fe26894a980945580a2a3f97a247419) + +What else? + +[When you pledge your securities, they are NOT RELEASED BY THE DTC until they clear it.](https://preview.redd.it/erylgxvfn6z61.png?width=1283&format=png&auto=webp&s=a0b6faa0b2b6dbe8757a5256dce03dfbe3ed168a) + +**Break it down again** + +\- When the pledgor puts money into the DTC, it get's credited to their account, just like your brokerage account + +\- When the pledgor uses that to buy shit, they get the shit they bought credited to their account, and the the pledgee get's the collateral credited to their account + +\- When the pledge is released by the Pledgee \[***see below***\]- i.e. settled - both of the particpants get there shit for real + +\- Until the pledge is released you may **not** use these assets to do any other transactions + +&#x200B; + +[Only a Pledgee can release a pledge - only if the seller agrees](https://preview.redd.it/lajomoe3p6z61.png?width=1012&format=png&auto=webp&s=df5a089cdc94248945adac517e8ff4e356c73cb2) + +*Hard Pledge - sounds a lot like a Hard Locate.* + +Furthermore + +[The pledgor \(borrower,buyer\) is credited through the DTC but NOT released and the same for the pledgee.](https://preview.redd.it/anz6x6zfp6z61.png?width=1333&format=png&auto=webp&s=6fb096c9ea60b2790b3e33f214ea85ea4d973c8e) + +So this is like when you make a trade on your brokerage and the brokerage removes the funds from your account, but you still can't use them until the other person says they're happy with what they got and vis versa. *Still with me?* + +Why is the DTC so concerned with the pledgor / pledgee not moving their shit to their general account? **Because if you get the assets transferred to your general account where they don't have access to them, you can shuffle them off to your shell companies and shove them right back into the DTC or another exchange while you wait for your pledge to settle.** The DTC is effectively not releasing your assets to you **until they know they cannot be rehypothecated inside their system**. + +**Wut Bobby? WUT?** + +How do you re-use assets to create failure-to-delivers? Easy, you make deal with a pledgee, you take their collateral and shuffle it out to an affiliate, and then do that process again and again until you get the leverage you need. 1, 2, 3, 10, 20 times leverage, so long as you can do these things quickly, you should be able to get participants to agree before the DTC comes to find \[**LOCATE**\] your outstanding balance. Or even better, if you could still use your general account, take that collateral/asset and put it through foreign markets and let them all play the locate game through 50 layers deep of rehypothecated asset chains. **WHO HAS THE SHARE?** + +So you see, SR-DTC-2021-005 wasn't removed for formatting. It was removed because the DTC threatened to pull the fucking market apocalypse on the shorts - since they are the ones who would be rehypothecating assets through the DTC. + +If you were the DTC, you would have wanted this, because of another holder of shares comes knocking on your door for those locates and you're about to fail-to-deliver, it's your ass. So in your deals you're going to be on the hook for whatever blow up happens. And if you don't have enough leverage on the bad actor, you are going to have a really bad time. + +&#x200B; + +**Speculation at the end** + +I suspect that this rule directly relates to Archegos, Goldman Sachs, Credit Suisse and Morgan Stanely. This bill was supposed to be effective April 1, very close to the $4.7 billion realized losses for Credit Suisse. I am guessing this rule and, an aggressive pledgee, spooked Goldman and Morgan Stanley to liquidate assets in order to satisfy the DTC locates, or they were going to go nuclear and liquidate their holdings. Credit Suisse didn't do it fast enough so they got fucked over. + +&#x200B; + +**Addressing the "It's a technical change, it's nothing"** + +I don't believe this anymore. After the month of DD that has come out on the sub, it's apparent to me that the global financial market is currently playing the shell game with phantom/rehypothecated/short-sold shares. Lucy, Atobitt, all the bigger brained apes are all coming back to this one problem - **WHERE ARE THE SHARES**. The DTC was about to hold them hostage, they were pulling the fucking nuclear option and hiding it in plain sight. + +To quote: + +>As discussed below, the proposed rule change relates to a technical aspect of the operational processing of Pledge transactions ... + +and + +>... while enhancing clarity with respect to the book entries performed by DTC as they relate to pledge activity + +and + +>... would not impact the rights or obligations of a Participant or Pledgee + +This means: + +\- There is a technical change that will affect the way money moves within the DTC for our participants + +\- It says exactly what you are not fucking allowed to do now + +\- They should already be playing by these rules, so it ***should*** have no impact on their **rights or obligations** + +&#x200B; + +**BRING BACK SR-DTC-2021-005 AND BRING IT BACK TODAY.** + +&#x200B; + +Edit: Before the shills come, a screenshot for proof that this was indeed DTC-2021-005 and not NSCC or any other rule + +&#x200B; + +https://preview.redd.it/viukxaprv6z61.png?width=564&format=png&auto=webp&s=c7585bea221dc8d1fce654d520a0e1347be52cb4 + +&#x200B; + +[Contacts](https://preview.redd.it/enmot9qiz6z61.png?width=519&format=png&auto=webp&s=665bfafaf5e3beccd9e13884e478649f68c38e5d) +I’m in my 30’s NW 15M-20M. + +Looking for some advice from the FAT Folks who have been FAT for a while…. + +It’s been a great couple years, and I am trying to enjoy life a bit. I am noticing though, that regardless of how much money I have, I’m still getting blocked out of some marquee experiences that I am very much willing to pay more for. + +For example, I tried to get hospitality/premium tickets the F1 Race in Miami only to learn that it’s completely sold out already (pre-sale hasn’t even opened yet). + +Same with a local tennis club up the street from me. It’s not particularly prestigious or anything, but they are completely full to capacity, literally no matter what. + +The economist in me, scratches my head, because there should technically always be a price for almost all goods/services. + +So to you more seasoned FATfire folks, is this a new phenomenon? Or perhaps I am missing something? + +TLDR: Why is everything selling out or at capacity regardless of price nowadays? +Hello everyone + +I own property in Ukraine that i have to fully pay off, because interest rates are insane. 10 - 15% is absolutely normal there, while most EU countries have somewhere between 1 - 3%. If ukraine ever gets to join, will the interest rates also go down to these levels? Because if they would, id assume a huge price increase in my property. Does this make sense or no? +I came across this article from an economics professor that basically goes into more detail on the topic I used in the title. I’m curious as to everyone’s feedback on this idea because it seems to combine the two things typically advised against the most: taking money from your 401k and paying off your mortgage. + +The author proposes using the latest 401k tax adjustments from the CARES Act that waives the 10% early withdrawal fee, but also claims it would be savvy even with the fee. + +Do these rules continue to hold strong and this is a doubly bad idea or would unprecedented current events make you reconsider? + +I thought this was relevant to FI because housing costs are typically the primary concern for many. If paying off a mortgage earlier rather than later allows you to focus on additional savings and financial independence, is it worth it? Especially if you plan to stay in the same house for the next 10+ years and have another 20 or more left in your career. Personally if our mortgage were $500 a month, we would have a lot of freedom to decide what comes next and not necessarily take the highest paying job. + +[Read the article here. ](https://www.forbes.com/sites/kotlikoff/2020/04/08/given-current-rates-cashing-out-your-401k-to-pay-off-your-mortgage-can-make-you-a-bundle/#6ef7ed24b09b) + +Under the act, loan limits have doubled from $50k or 50% of vested balance (whichever is lower) to $100,000 or 100% of your account balance (whichever is lower) total without the 10% early-withdrawal penalty. + +I am by no means an expert on how the CARES Act work, but there appears to be two kinds of applicable benefits in terms of your 401k: + +1) Withdrawal - under the act, you don’t pay the 10% penalty normal to individuals under 59 1/2. Additionally if you replace the money within 3 years, you are able to recover the federal and state income taxes that apply to the withdrawal according to the American Retirement Association. + +2) Loan - To qualify, the loan must be made within 180 days after the act was passed. The participant won’t owe income tax on the amount borrowed from the 401k if it’s paid back within 5 years according to the American Retirement Association. +I’ve been saving since I was a student, and now that I’ve already saved about $120k, it’s getting harder and harder for me to treat myself. I eat out sometimes but I haven’t bought myself something expensive like designer clothes/bags, flagship phones, etc because I feel guilty for spending so much money on materialistic items. I’m into travelling and while I enjoy it, I still end up spending a lot of money which causes a lot of stress. Any advice? +SFHs have this week circled on their calendar for the last year as a potential risk and natural period for high expectations from retail. So think to yourself if you knew there will be a lot of buzz and activity around this date, wouldn't you do everything in your power whether legal or not, to make these next few weeks as bad as possible. + +They want to make people say screw it, I guess nothing is going to happen. They can't afford another run-up from FOMO and are desperate to have this not start to follow the same pattern as last year. They still have to close their position from last year, but don't think they haven't been scheming on how to achieve for the last year. + +This changes nothing Gamestop is transforming and the potential for this company is massive. Buy hold and DRS and things will play out. All they are doing is kicking the can down the road, its they will have to cover and close their positions at some point. + +I do think a catalyst will hit at some point that will send us to the moon but don't expect it to happen on the anniversary of the last one, it's just too obvious. +Looks like another red day on the stock market, and Im so excited! + +Can't wait to see how low this thing is gonna go! + +What do you think is the main driving factor of the downturn? + +Hope we will see some good opportunitues in the near future! +For anyone interested, I created a website to help you do a discounted cash flow valuation: [ezdcf.net/](https://ezdcf.net/) + +It's a passion project of mine to simplify finance/valuation concepts. It doesn't have any blog posts or articles, but gives a guided tour of how business fundamentals drive valuations. Hopefully, I've designed it to be intuitive and easy to pick up! There are clearly some kinks to be worked out and it only works for companies that have 10 years of public financials, but regardless, give it a try and let me know what you think! +No meme or hype here, sorry. And yeah, everybody says to hold, mostly in the context of *triggering* MOASS. But it's incredibly important to hold *throughout* MOASS. If we aren't selling, then prices are climbing. + +We have to put a seemingly unlikely and incredible amount of faith in each other to not panic or get greedy. Holding is the only thing that is going to add commas to the share prices. + +Remember that scene in Dark Knight where the Joker puts bombs on two ships full of people, waiting for one to blow up the other? Even though they were very uncertain, they still held fast and in the end, it worked out for the best for everyone. It's kind of like that. + +Now, if you're about to be evicted, or you can't afford your medicine, or something major like that, nobody is going to fault you if you have to sell a share (or a fraction of a share). But it's important to not look at those numbers that seem high at the moment and lose control. Those numbers will keep getting higher. And yeah, they might even dip from time to time - but they *will* keep climbing. If shares are worth millions, you only need to sell one to buy your houses and cars - just leave the rest in there to keep prices high. + +It's ok to not even fully understand how it works - we have a lot of helpful, super smart people who have figured this stuff out and have tried to break it down so the rest of us apes can understand it. + +I'm just making this post in the hopes that people see it and remember it when things start to kick off. HOLD for you, HOLD for the rest of us, HOLD, HOLD, HOLD, and remember that your fellow apes will be doing the same! + +P.S. It's absolutely not too late to DRS your shares. +Yes, that's quite the title, I know. But after seeing the hundredth post on the frontpage talking about altcoins that have real use cases, I can't stop thinking about this one. + +You all know Venezuela, right? The country with space-high inflation rates, the one that /r/cryptocurrency says crypto adoption is feasible. + +Well, it's finally really happening. + +I'm Venezuelan, so let me explain some weird things about our economy. First, prices double every 3 months. Second, we don't have access to USD bank accounts in the country. And third, physical cash is scarce: Bolivares because you need a lot of them to pay for little, and USD because the "dollarization" isn't official, small change simply doesn't exist (coins, for example). This creates the perfect variables for digital, exact payment. This is where the Reserve Protocol comes in. + +We have been using some digital payments app since a while ago, apps like Zelle, PayPal or Transferwise. The problem with those apps is that they often close accounts in Venezuela to avoid problems with the US government. Simply put, those companies just didn't want to deal with the problem that is Venezuela related legislation. + +Enter [Reserve.](https://reserve.org/) The team at Reserve created a stablecoin alongside an easy to use app for mainstream use. The app allows people to deposit Bolivares (the local currency) from their bank account and instantly exchange them for dollars (RSV stablecoins!). You might be thinking, well, that isn't that big of a deal, is it? Thing is, it is. Venezuelans can't just exchange Bolívares to USD legally because there aren't any bank accounts in USD inside Venezuela. The only way to save in USD would be to open an account in Panamá or risk your money getting lost in Zelle or PayPal. The app allows people to send RSV, pay with RSV, receive any crypto and convert it to RSV or Bolivares and so on. Reserve is literally saving people from hyperinflation. + +Well, why do I say mainstream crypto adoption is happening? Because people aren't paying in bolivares anymore. It is estimated that in 2020, 55% of transactions were made in foreign currency, and that number just keeps growing everyday. Now, the great part. + +**The Reserve app has more than 100k downloads.** **People are using** **crypto, not as a way to invest, not as a store of value, but as it was intended: a currency.** And it's happening right in front of us, but we're too worried about the price going up or down so much that we missed the real reason crypto is here: to serve as a currency when fiat fails us. In my case, fiat failed me. And crypto, for me and many more, is the way. +I (31M) met my cousins over thanksgiving and also some old highschool friends the week before. In both meetings, I was made to sit and listen to unsolicited advice on what I should do to improve my situation. + +Everyone knows I’m struggling to get by right now because I work 3 jobs including a nightshift watchman to pay my bills. I grew up in POVERTY poverty. The kind where your “house” is just one tiny room shared by the entire family. I didn’t have the same opportunities as a lot of people. People think that I got bad grades because I was lazy. No. I came home from school and had to take care of 2 younger siblings while my father would be out drinking with his construction crew and my mother just didn’t care about anything. I WISH I could do homework. I WISH I would have had the opportunity to study for the SAT. I WISH I could have gone to college. I wish for a lot of things. + +I’ve applied to a lot of jobs and have received a lot of rejections because of my lack of degree. Then I have to sit here and listen to my old friends saying things like “just show up at the door and don’t leave until they give you a job” advice. Dumbass me actually did do that. I showed up with copies of my resume, was made to sit in the lobby by the receptionist and eventually told to apply online. Their advice was that I “should have stayed and demanded to speak to a manager and been more resilient”. + +My cousin advised me to learn front end development. I have no laptop, so how am I supposed to lean that? His advice? “Just save and buy a laptop.” These people just don’t get it do they? I don’t have the luxury to save more than $20-$30 per paycheck and even that gets wiped so quick with emergency situations. More unsolicited advice continuation: “learn it on your phone”. Ok. + +I don’t need this unsolicited advice. Just let me be. I can’t work 3 jobs and then come home to study coding. I’m already drowning and you’re making me sink further. + +Idk what the point of this post was. Sorry. Just needed to rant. +With the way they handled the share offering they showed their true colors and it is green crayons all the way baby. + +Let's recap what happened: + +Gamestop announced an update to their previously announced share offering to be 3,5M shares with a maximum of 1B dollars. This equates to about 285 dollars per share. With this announcement they made EVERYBODY think they were going to sell at a price level at least close to 285 dollars, which turned out to be a giant head fake that everyone fell for. + +Usually a share offering is considered unfavorable (at least in the short term) for existing shareholders because it dilutes the share pool and drops the price. Especially in a heavily shorted stock like GME it allowes shorts to potentially cover at lower prices to diminish squeeze potential. The upside being that the company raises capital which in turn should translate to increased stock value over time. + +BUT nothing about GME is usual and RC knows (I would love to give him all the credit but I'm sure his team helped plenty with this play) that the stock price is being manipulated to stay in a certain price channel. The shorts are using high frequency trading algorithms to suppress the price and aren't covering so by leaking out the shares over time RC is using their HFT algorithms against them. The price doesn't drop because it's artificial, shorts aren't covering because they assume it's only their synthetic shares being algo traded leaving all of the 3,5M shares to be gobbled up by apes. + +All of the upside of raising capital, none of the downsides of diluting the stock and allowing shorts to cover. Check mate. + +It's truly a masterful play and it showed two things. + +It showed GME is game. They showed that they are not just going to take it laying down to be messed around with by market manipulators like a play thing, they bite back. And I love it! + +It also showed generosity, trust and commitment towards apes. They could have EASILY held out and sold for the full 1B if they wanted to but instead they chose a way that fully fuk the shorts and empowers the apes at the cost of leaving $450M! on the table. + +All the tweets and subliminal messages showing support for apes was great and all but it was ultimatly just words. With this thing they put their money where their mouth is and gave up dollars to empower and support apes. That to me is the loudest a corporation can speak and it has me convinced without a shadow of a doubt that the entire Gamestop team is fully on the side if it's shareholders and in this battle with the apes. + +My tits are permajacked and I can't wait to see what else Gamestop has in store for us going forward (pun intended). + + +UPDATE: LIQUIDITY GOT LOCKED. HUGE POTENTIAL. + +Okay without too much shilling how this is gonna be the next SafeMoon, ElonGate or whatever, I'm geniunely inviting you to DYOR and check out AutToken. + +TL;DR + +* first Autism focused charity token +* 2% of each transaction goes into the donation wallet +* weekly donations towards various autism charities (decided by the community on a weekly twitch stream) +* ownership renounced, presale done, pancakeswap launch in 30 mins +* devs fully doxxed +* contract: 0x47b80b600d5e4d2a6c2e1bda0e2d460ef6689850 + +AutToken is the autism focused Charity Token on the Binance Smart Blockchain. It benefits both its investors and the Autism community by donating 2% of all transaction fees to various autism charities live on Twitch every week. + +A message from the devs: + +>We’re committed to investing our expertise and resources in order to do something good for a cause very dear to us. With so many rug-pulling schemes out there, we wanted to create something which would benefit the large autistic community and also be a safe, worthy and rewarding investment opportunity for the tokens community, and so we Created AutCoin, the Worlds First Autism Focused Charity token. We are completely transparent for your peace of mind. +Our plans focus mainly on donating through the donations wallet. Every so often, we, with the help of the community, will choose charities or funds which are in line with our goals and donate a sum of money to them live on stream. We will take steady and honest steps to fulfill our goal; to help change attitudes and create a society that works for the autistic community. + +Tokenomics: + +* 2% of tx will automatically go to the charity wallet +* 2% of tx will be redistributed to holders to incentivize long-term holding +* 2% of tx will go towards the locked liquidity pool + +DxSale successfully done, 300 BNB hard cap reached and sold out within 10 seconds. + +website: [www.autcoin.io](http://www.autcoin.io/) + +telegram: [www.t.me/AutCoinn](http://www.t.me/AutCoinn) + +bscscan address: [https://bscscan.com/token/0x47b80b600d5e4d2a6c2e1bda0e2d460ef6689850](https://bscscan.com/token/0x47b80b600d5e4d2a6c2e1bda0e2d460ef6689850) +Edit: I just wanted to add an edit to address you guys because I can’t keep up with all the reply’s. I am so grateful that some of you have found these tips useful! I never would have expected over 1k people to see this. These things have made a huge difference in my life and I hope maybe they do the same for you. Yes - as a few people mentioned.. some of the things listed are definitely more involved and time consuming. Not all of these things will work for everybody, and that’s okay. We all start somewhere, we all come from different paths, and all have different goals/needs. Nonetheless, the impact they made on my life was huge and I wanted to share that. We’re all looking for ways to help improve our financial situations and better our financial awareness - with that being said, be kind. No need for rude comments below to others. Thank you all for the awards and love! + +1. Canceled every premium service we had (e.g. Pandora Plus, Spotify Premium, Weather Plus) Saved us almost $60 a month. +2. Switched phone plans to a prepaid option with a smaller wireless company that uses the same towers as verizon. Saved us $70 a month. +3. Kept only one streaming service (Netflix) and asked friends/family to share accounts and vice versa. Saved $24 a month. +4. Sold unused electronics/video games at pawnshops, eBay and Facebook market place. Earned about $150. +5. Went to our local food pantry about once a month for a staple food box when we were really struggling. +6. Used the app “Basket.” A grocery store tracking app that uses your zip code to find the cheapest items in your area at different stores. +7. On grocery shopping days, we went to multiple stores instead of one to get the cheapest items we needed at each (used the basket app to find these) +8. Started buying knock offs and non brand name items (e.g. Kroger brand bread, knock off crackers, knock off cereal) +9. Got a savers/discount account at every single store we used regularly for the gas points. (I get like 30-40 cents off per gallon every 1-2 weeks) +10. When I didn’t have the gas points, I would use the app “Gas Buddy” to find my areas cheapest gas. +11. Double up on coupons and cash back using Ibotta, coupons.com and other retailer coupons. +12. Sold unused clothing in decent condition to platos closet and other shops similar near me. +13. Did a lot of the survey sites on r/beermoney to earn Amazon gift cards. These are hard to make money on sometimes, but I found that the game downloads pay out like $10-40 a piece for reaching a certain level. +14. Used these Amazon gift cards, paired with Honey for discounts to buy household items that were on sale on Amazon. (E.g. cleaning products, dog items, toilet paper.) +15. Switched out disposable products for reusable. You kind of have to spend money to get these, but in the long run it saved us. (E.g. We replaced the swiffer with another option that has reusable machine washable pads and refillable solution tank) +16. Did doordash on the weekends for a few months. +17. Did instacart on the weekends for a few months. +18. Donated plasma. +19. Started cooking in larger portions with cheaper ingredients - like chili. It would feed my husband and I for 4-5 days and beans are cheap. +20. Avoided eating out as much as possible. +21. I have hypoglycemia, so I started adding snacks to my purse before we go anywhere.. so I’m not out and about and need something to eat. Helped me stop buying snacks while out. +22. If we had to go out to eat for any reason (family event, bday etc) we would check if they had any deals, or coupons. +23. We started using Rxsaver to find the cheapest pharmacy in our town. There are also similar websites that give rebates on prescriptions for humans and your furry friends too. +24. Got Apples Family Plan. It’s free to use and allows you to share services and apps between family members/friends. I didn’t even know this existed. Some of the services you still have to pay for(regular price) but you can get services paid for on only device and have every person able to use it. +25. Medical studies. If you are in good health, check in your area for medical research departments. I’ve done multiple ranging anywhere from a 1 night stay at $400 and others a weekend stay for $1000. +26. If I have a left over giftcard balance in my Amazon account, I’ll look to see if they are having any sales for “buy $50 worth of Amazon gift cards, get $10 free.” I’m using money I got from surveys, to get more money, without using any money from paycheck. +27. Check for checking account bonuses. Some may question the ethical value of this, but hundreds of people do it. A lot of larger banks will have a promotions where you open a checking account, transfer your direct deposit there and they give you whatever bonus amount. +28. Paid off our smallest account with highest minimum payments. We had multiple accounts sitting at $100-300. Paid them off and it saved us almost $100 a month in payments. +29. Used the app “Fetch Rewards.” All you do is scan your receipts. It’s easy to earn points and you usually do every single scan. I’ve earned over $70 in Amazon gift cards doing this in just a few weeks. +30. Opened a secured credit card with no credit check to lower my utilization rate. +I'm at my desk at work listening to people sing happy birthday in the cubicles over from me as they blow noisemakers. I hate office birthdays. + +Obviously this isn't my primary reason, but it's motivating me right now. Anyone else have a ridiculous reason? +https://www.bloomberg.com/news/articles/2019-02-16/u-s-student-debt-in-serious-delinquency-tops-166-billion?srnd=premium + +> Student-loan delinquencies surged last year, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth. + +> The total in arrears is about twice the amount the U.S. Treasury provided to bail out the auto industry during the last recession. + +> Loans at least 90 days past due are considered to be in “serious delinquency.’’ The age group transitioning into this category at the fastest pace is 40-to-49 year olds; **that’s partly because of parents borrowing to pay their children’s expenses.** + +My personal opinion: Student debt will drag down the economy over the long term, as apparently both students and their parents are piling on debts. + + +Edit #3 : +Just stats for data lovers. +https://www.reddit.com/r/Superstonk/comments/qj3xrd/online_activity_tracker_guy_here_its_time_to_talk/?utm_medium=android_app&utm_source=share + +Edit #2 : +*UPDATE*!! +It seems the post for DRS/CS has been pinned again! Thank you for listening. Enjoy your weekend!!! + + +Edit : In case anyone needs it, here is a complete guide with everything to know about DRS, and further links inside . Thank you to u/DropDeadDevon + +https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Mods have been acting up. Drs and cs should be pinned. Its the kryotonite for hedgies. + +This is not the 1st time they unpin it!! + +I am requesting mods to repin it and provide an explanation. Fellow apes we cannot let this slide. + +If you haven't drs , you need to get on it to have fun ownership and help end this once it.for all. + +The mods have constantly been pulling fuckery. + +We need the drs computershare to be pinned + +I need to see more purple rings!!! + +Thank you for reading. +Stay safe fellow apes!! + + +I dont know if I have to reach 250 words but if I do just know that I don't plan on shovings things up my butt but I don't condemn any ape that partake into these kidn of activities. Do you. + + +DRS IS THE WAY +I started trading in high school. Like most I was ready to start making bank so I could make a pool of gold coins and dive in like Scrooge McDuck (always thought that shit would hurt like a MF). As I continued learning, I got to a stage where before entering a trade, I would present it to my mentor for feedback. He would ask probing questions to ascertain my disposition, management plan, PnL targets, research, etc. Then he asked me a question that for whatever reason triggered the weight of placing the trade. + +Does this trade stand a chance against firms and institutions with billions of dollars in resources and traders who've been doing this for 50 years? + +He didn't exactly mean it literally, although derivatives do have a counter party. What he was impressing upon me was to slow down when forming trades. I would dig bunches up and want to start establishing positions to make that money -fast. He wanted me to understand that at no matter what point I was at in my trading career / understanding, that there is a wealth of knowledge out there that I haven't hit the surface of. + +The rigor in the trade screening made more sense. I began to shape a very comprehensive trade checklist: TA Disposition, FA Dispo, Trade Structure, Risks to trade, News/earnings, liquidity metrics, Profit targets, Loss target / management, scaling procedures, supporting positions, impact on portfolio - we'd go through it all. I still do this today and think it has saved me from more than one shitty trade. + +The next lesson was mindset in learning. Will share soon. +I've noticed that people in this sub are getting more and more interested in DeFi (Decentralized Finance) applications. With this guide I would like to help you getting started with learning the basic fundamentals of DeFi and setting up your wallet and tools. I tried to make this guide as complete as possible. + +# Fundamentals + +Let's start with some fundamentals first. + +# What is Decentralized Finance + +Decentralized Finance (DeFi) is a movement that uses decentralized networks and blockchains to transform traditional financial products into trustless and transparent protocols that work without intermediaries. + +Currently, almost all DeFi applications are built on the Ethereum blockchain and Binance Smart Chain (EDIT: Binance Smart Chain is NOT as decentralized as Ethereum and is therefore often labeled as CeDeFi). Like Bitcoin, Ethereum and Binance have a blockchain that acts as a shared ledger in which digital value is tracked. Rather than a central authority, the participants making up the network control the issuance of ether (or BNB), the network's cryptocurrency, in a decentralized way. + +Developers can program applications that can create, store and manage digital assets, also known as tokens, on the blockchain. For this to work, smart contracts and decentralized applications (DApps) are written and built. The expiration of these contracts and agreements is automatically enforced if the blockchain receives the correct data. You can make complex, irreversible agreements without the need for an intermediary. + +Anyone is able to create, adapt, mix, link or build on an existing DeFi product without permission. DeFi protocols are modular, so they can be stacked on top of each other to build an increasingly dense system of interacting parts. + +# Wallets + +You can download a wallet on a PC, tablet or telephone. With this you can store, send or receive Bitcoin or other cryptocurrencies. Three related concepts determine whether someone has ownership of a certain wallet, these are your digital keys (also called public & private keys), your wallet address and your digital signature. + +The most important aspect of a wallet are your digital keys, as they give you access to your wallet. It is important to know that these keys are not stored online on the blockchain but are instead stored independently within the digital wallet itself. Each key consists of both a public key and a private key. + +Consider your public key the same as the bank account, which also consists of an address. Your public key works more or less the same. The pin code with which you subsequently gain access to this bank account is then referred to as your private key. + +It is very important that you ALWAYS keep your private key to yourself. If someone else has the private key, he / she can send and steal all coins, so keep it safe. With the public key, people can only send coins, so that can't hurt. + +Every wallet has a unique code, which we also call the wallet address, which consists of a random letter and number combination that is different for everyone. This address is in fact the name of your wallet and makes it possible for others to transfer cryptocurrencies to you. + +Example of just any bitcoin address: 14J5Q7ageKhM3miKd94DX44Kf6b7ko4BZe + +Some people assume that your public key is the same as your wallet address. This is not entirely true, but the two are mathematically related. + +In order for you to start using DeFi platforms, a browser wallet is needed. + +# Coins vs Tokens + +A coin runs on its own blockchain, on its own system. It is therefore completely independent. A coin could be compared to a contemporary currency, such as the Dollar. Bitcoin is a coin and has been developed with the aim of serving as a digital payment method and store of value. + +Then there are tokens. Tokens by definition do not run on their own blockchain, unlike a coin. They have been added to an already existing blockchain. Tokens can have the same functionality as a coin, although this is not common. + +Tokens that are created on the Ethereum network are typically ERC-20 tokens. When we talk about ERC20, we mean the standard that is implemented in certain tokens. ERC20 stands for 'Ethereum Request for Comment 20'. The Binance Smart Chain uses a similar standard, which is the BEP-20 standard. + +These standards contains numerous functions that allow any token that has implemented this set of functions to be traded. Examples of those functions are: + +* Sending tokens. +* Request balance information from any address. +* List the number of available tokens. + +# Layer 2 solutions + +Because of high demand, the Ethereum network is getting overloaded. This resulted in very high transaction fees, making it to expensive for small investors to use it's dapps. + +This is the main reason why many investors moved to the Binance Smart Chain, which has much lower fees, untill Ethereum 2.0 has been implemented, which is an update that will drastically lower the transaction fees for the network. + +However, in order for the Binance Smart Chain to maintain such low transaction fees, it had to sacrifice it's decentralized properties. This resulted in that the Binance Smart Chain is much more centralized and less safe compared to Ethereum. + +Fortunately, there are various projects working on Layer 2 solutions to improve both the scalability and speed of the Ethereum network. Layer 2 refers to a secondary framework, chain or protocol that is built on top of an existing blockchain system. By doing so, the mainchain can be unloaded and can solely focus on the safety of the network. + +In the case of Ethereum, there are currently 2 sidechains that are pegged to it. These chains are the xDai chain and the Polygon chain. The latter of the sidechains is the most promising Layer 2 solution so far. + +By bridging your assets from the Ethereum mainchain to the sidechains, you are able to interact with various dapps that work on these sidechains for almost an negligible amount transaction fees. + +# Getting started + +Now that you're aware of the fundamentals of DeFi, let's dive into how you can move your assets into the various DeFi protocols. + +# Setting up your wallet + +In order to move your assets from your wallet on the exchange that you're using to either the Ethereum network, Binance Smart Chain, or Sidechains, you will need a browser wallet that can interact with these DeFi protocols. + +I'm currently using MetaMask, so I will use this browser wallet in this guide: + +1. Go to the official MetaMask website in your browser ([https://metamask.io/](https://metamask.io/)) +2. Press “Get Chrome extension”, “Chrome Firefox Opera” or “Get Brave Browser”. This of course depends on the browser you want to use at that time. +3. You will now be taken to a page where you can add the extension. With Chrome, for example, there is a button with: + ADD. TO CHROME. Click on the button. +4. A popup appears to confirm this +5. You will now see a MetaMask logo at the top right of the browser. Click this to set up MetaMask. +6. Accept the terms and conditions +7. Create and confirm a new password. Please remember this password. +8. You will now see 12 words. With these words you can always recover your wallet - in combination with the password. Write these words down and keep them safe. Preferably offline - just on paper. +9. Congratulations! You have now installed and configured a MetaMask extension. You can now use the buttons “Buy” and “Send” to buy or send Ether to your wallet. You can now also send Ethereum to the address under “Account 1”. + +Your MetaMask wallet will be automatically connected to the Ethereum network. In order to connect your MetaMask to the Binance Smart Chain, Polygon or xDai, follow these steps: + +1. Click on the network in the top right corner. +2. Go to settings. +3. Click "Add network" + +In order to setup your wallet for the Binance Smart Chain, enter the following parameters: + +Network Name: Smart Chain + +New RPC URL: [https://bsc-dataseed.binance.org/](https://bsc-dataseed.binance.org/) + +ChainID: 56 + +Symbol: BNB + +Block Explorer URL: [https://bscscan.com](https://bscscan.com/) + +&#x200B; + +In order to setup your wallet for the Polygon sidechain, enter the following parameters: + +Network Name: Matic Mainnet + +New RPC URL: [https://rpc-mainnet.maticvigil.com/](https://rpc-mainnet.maticvigil.com/) + +ChainID: 137 + +Symbol: MATIC + +Block Explorer URL: [https://explorer.matic.network/](https://explorer.matic.network/) + +&#x200B; + +In order to setup your wallet for the xDai sidechain, enter the following parameters: + +Network Name: xDai + +New RPC URL: [https://rpc.xdaichain.com/](https://rpc.xdaichain.com/) + +Chain ID: 0x64 + +Symbol: xDai + +Block Explorer URL: [https://blockscout.com/xdai/mainnet](https://blockscout.com/xdai/mainnet) + +# Faucets + +In order to be able to perform transactions on these chains, you need to have some of their coins/tokens in your wallet in order to pay for the transaction fees. + +* In order to use Ethereum you need Ether +* In order to use Binance Smart Chain you need BNB +* In order to use xDai you need xDai +* In order to use Polygon you need Matic + +Luckily you can get small amounts of the currencies for free from so called faucets. + +A faucet is an app or a website that distributes small amounts of cryptocurrencies. They’re given the name “faucets'' because the rewards are small, just like small drops of water dripping from a leaky faucet. + +However, in the case of crypto faucets, tiny amounts of free or earned cryptocurrency are sent to a user’s wallet. In order to get free crypto, users need to complete tasks as simple as viewing ads, watching product videos, completing quizzes, clicking links (be careful!) or completing a captcha. + +You can use the following faucets to receive small amounts of crypto: + +* xDai: [https://blockscout.com/xdai/mainnet/faucet](https://blockscout.com/xdai/mainnet/faucet) +* Matic: [https://matic.supply](https://matic.supply) + +Unfortunately. I wasn't able to find any faucets for Ether or BNB. + +# Sending crypto from the exchange to MetaMask + +In order to receive send your assets to MetaMask wallet, you need to fill in the correct address. This is probably straight forward for most of you, but please make sure to quadruple check you're MetaMask wallet address before sending your tokens from the exchange to your address. + +When you're sending tokens from Binance, it will ask if you want to send them as BEP20 or ERC20 tokens. Please choose the correct one! Sending BEP20 tokens to your Ethereum address can result in a loss or they end up in your Binance Smart Chain wallet. + +# Bridging: An important step! + +Please notice that you can't send your tokens directly from the exchange to sidechains such as xDai or Polygon! You need to send them first to the Ethereum network (as they are both sidechains pegged to the Ethereum blockchain). Once received, you can bridge them to xDai or Polygon by using the following links: + +* [https://bridge.xdaichain.com/](https://bridge.xdaichain.com/) +* [https://wallet.matic.network/bridge/](https://wallet.matic.network/bridge/) + +Keep in mind that for during the bridging, Ethereum transactions fees have to be paid. After the bridging, you play by the rules of the sidechain (which means cheap transactions). + +# I can't find my tokens in my wallet! + +If you can't find your tokens back in your wallet after sending them from the exchange, you can follow these steps: + +* Check the transaction record, is the transaction completed? +* Make sure you look at the right network. Your MetaMask wallet might be connected to the Binance Smart Chain network, hence not showing your assets. +* Add the contract address of your token to the wallet. You can find the address of your token via [https://etherscan.io](https://etherscan.io/) (Ethereum) or [https://bscscan.com](https://bscscan.com/yieldfarms) (Binance Smart Chain). The token address can then be copied in to the MetaMask wallet by clicking on add custom token. + +# Setting up your dashboard + +To make things a bit more clear, I would advice you to use the DeFi dashboard [Zapper.fi](https://zapper.fi/). Zapper is an interesting platform that lets you quickly and easily deploy and manage your DeFi positions within a single interface. It is a DeFi portfolio management dashboard that helps you stay on top of your portfolio, liquidity pools, and liquidity mining positions. + +Zapper supports Ethereum, Binance Smart Chain, xDai and Polygon. In order to connect to the right network, you must first connect your MetaMask to the network you want zapper to connect to. By clicking in the top right corner of your MetaMask wallet you can connect to the network you want Zapper to manage for you. + +The first tab of Zapper, shows an overview of your account. It shows the value of your assets in your MetaMask wallet and how your deployed assets are performing in the DeFi protocols (if you deployed any already). + +In order to reduce gas fees, Zapper has several features that can "Zap" your assets fast and "cheap" in order to: + +* Start providing liquidity in a pool. +* Swap tokens. +* Bridge your tokens from one network to another. + +Zapper also keeps track of the estimated APY's (Annual Percentage Yield) of the various pools from different DeFi protocols as well as farming opportunities. + +# A list of DeFi protocols + +Before wrapping this post up, I want to share the following website: [https://defipulse.com/](https://defipulse.com/) + +DeFi Pulse records the top performing DeFi protocols on the Ethereum main chain as well as their TVL (total locked value) and ranks them accordingly. This page is really worth checking out as it can help you to pick the right protocols to deploy your assets in. + +In order to monitor the DeFi space of Binance Smart Chain, Polygon and xDai I like to use [https://dappradar.com/rankings/category/defi](https://dappradar.com/rankings/category/defi) and [https://defiprime.com/#defi\_projects](https://defiprime.com/#defi_projects). However, If you use other resources in order to find the right dapp, let me know! + +# That's it for this guide! + +I really do hope that this guide helps you to get started on your DeFi adventure.If I missed something or whatever let me know so I can change it. + +&#x200B; + +* If you found this guide helpful, [please read my DeFi (Decentralized Finance) series](https://www.reddit.com/r/CryptoCurrency/comments/mdjsrj/defi_explained_defi_wallets/). I've covered a wide plethora of subjects and linked all posts to make it more convenient for you to read. +* Interested in Layer 2 solutions? [Read my post about ZK Rollup](https://www.reddit.com/r/CryptoCurrency/comments/nctot7/defi_explained_zk_rollups/)s! + +&#x200B; + +EDIT 1: All right, there’s some confusion here whether Binance Smart Chain is decentralized or not. It’s NOT decentralized. The Binance Smart Chain is a fork of the Ethereum blockchain that sacrificed it’s safety and decentralized aspect in order to maintain low transaction fees and higher scalability! + +EDIT 2: As pointed out by some comments, this post doesn't explain WHY you want to use DeFi. Unknown to many, this guide is part of a long series of posts, called "DeFi Explained". If you're interested in why you should-/want to- use DeFi, the following posts will be useful for you: + +* [Liquidity Pools](https://www.reddit.com/r/CryptoCurrency/comments/mfk2oi/defi_explained_liquidity_pools/) +* [Lending and Borrowing](https://www.reddit.com/r/CryptoCurrency/comments/mnzv1c/defi_explained_lending_borrowing/) +* [Yield Farming](https://www.reddit.com/r/CryptoCurrency/comments/n0yng2/defi_explained_yield_farming/) +* [Indices](https://www.reddit.com/r/CryptoCurrency/comments/muonht/defi_explained_indices/) +* [Derivatives](https://www.reddit.com/r/CryptoCurrency/comments/mt8c67/defi_explained_derivatives/) +* [Margin Trading](https://www.reddit.com/r/CryptoCurrency/comments/mslzt8/defi_explained_margin_trading/) +* [Wrapped Bitcoin](https://www.reddit.com/r/CryptoCurrency/comments/mh2oc7/defi_explained_wrapped_bitcoin/) +* [Stablecoins](https://www.reddit.com/r/CryptoCurrency/comments/mysxvz/defi_explained_stablecoins/) + +Like many, my employer furloughed about 75% of its staff due to Corona in April. My boss informed me that the company is (in his words) restructuring and if I return to work my salary would be X amount, which is about 45% less than what it was. However, I can receive about 7% commission of online sales that I assist with. I would basically be doing my old job, plus my assisting with online chat. + +I guess I am wondering if anyone has been in this situation or can give me advice on what I should do? Is this a good offer or should I run for the hills? + +EDIT: I don’t feel comfortable disclosing too much information about my job. + +Salary was, $40,000. Would now be $22,0000 plus commission. (These are not the true numbers. I gave these figures for anonymity. The current pay would just meet legal range for salary. I apologize for the confusion) + +Average sale could be $800-$5000 + + +There are other associates on site who’s actual job is sales so I’m not sure how often I would have a sale. + +Also, I am currently on unemployment and have been since being furloughed. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +*TL;DR: Once we are rich we should organize and change the world together, we have already started doing so over at* r/Apephilanthropy *where we will share charity DD, coordinate donations, and potentially also create our very own ideal organization/NGO and fix the worlds problems, together! Come join us!* + +\--------------------------------------------------------------------------------------------------- + +**How to change the world in four simple steps:** + +1. Hodl GME +2. Get squeeze tendies +3. Organize +4. Change the world for the better! + +Title says it all, together we could do so much good with our combined tendies after the squeeze! We would be an unstoppable philanthropic horde of apes the likes of which the world has never seen! + +# Just imagine: + +* World hunger, eradicated +* Amazon rainforest, saved +* Wildlife at the brink of extinction? Not on our watch! +* Stop climate change? Check +* Veteran homelessnes? "You get a house, you get a house, everyone gets a house!" +* etc! + +# The possibilites are endless once we are rich! + +We are already a community dreaming about this and much more over at r/Apephilanthropy, come check us out if you too want to join us in changing the world (**after the squeeze**). + +The plan is to share charity DD so that we don't donate to shills and scammers, coordinate donations (imagine 200 000 apes donating 10 000$ each to any organization!), share charity porn (the best kind) and some have even dabbled with the idea of creating our very own NGO and buy an Airbus for apes to just fly around the world and fix stuff; extreme makeover/queer eye style, just with world problems! + +I have already started dreaming of a better world. Together apes can do great things! As another user once said: + +>Be a better 1% + +Much love, u/A_scandinavian + +&#x200B; + +[Our logo by u\/electriceasel](https://preview.redd.it/vy1x8wpxywx61.png?width=398&format=png&auto=webp&s=3469c1a9011d08885c1c155f5982f61f8db10b62) + +\------------------------------------------------------------------------------------------------ + +Edit: Moved the TL:DR to the top +The wordings a bit rough, but essentially minimum wage just went from $11.40 to $14 (In Ontario, Canada). I have a job as an Analyst in a lab, and my starting pay was $14 (before the wage went up). After 3 months, it was automatically going to be re-negotiated to $14.50 (which will be sometime this month), but now i'm wondering if I can try for something that reflects the current minimum. + + How can I go about bringing this up to my boss? How would I even word it, or argue for it? + +Edit: Hey everyone! Thank you so much for sharing your advice! I can't believe this exploaded the way it did, but I honestly appreciate each and every comment. To do a mini update, here's my plan of action : **Nothing!** + +Not in a bad sense however! I recognize this is in inopportune time for such a talk, and that my value as a worker does not necessarily reflect upon what others around me make. Rather, its a reflection of what I bring to the table, and should be compensated accordingly. Now, this beind said, staying in this job isn't my long term goals. I'll let the dust settle, garner as much experiance as I can in this field, and polish up the ol'resume to start finding a career that suits my needs and pays me the good monies. + + Its known where I work that you have to fight for every cent, which isn't really my forte, nor do I wish to do so. I'll work my way up to the next level of Analyst (Intermediate requires 2-3 years exp), and cast my net out in search of greener lands (heres looking at you big pharma), but damn if I won't be sending out resumes all the while. + +Again, thank you all for the advice! I really appreciate it, and wish y'all a happy new year! Please accept a photo of my cat, Her Ladyship, Nori, as an appeasment for the fact that I can't get around to replying to everyone : https://imgur.com/gallery/8wh4h +For those of you directly messaging me with questions to ask in the AMA, please save them for tomorrow! + +u/redchessqueen99 will be posting an AMA intake forum where questions will be selected based on YOUR upvotes. This gives you total control, as a collective, and eliminates the need for us to stream so many questions, live. + +I will make sure to get to as many of these as I can. + +Thank you + +EDIT: I have also been asked to address counter DD on the HOC post. Before I do so, please wait for the AMA. Dr. T has provided me with feedback, personally *(IKR, super stoked).* + +The reason I haven't removed my post is because she didn't argue my message. Instead, she provided *VALUABLE* insight into the problem, as well as clarified some of my talking points. We want to make sure to give her *PLENTY* of time to address these, as they relate 100% to the narrative within [Naked, Short, and Greedy](https://www.amazon.com/Naked-Short-Greedy-Streets-Failure/dp/1910151343). So without spoiling the convo, I'll leave it at that. + +Finally, we will transition to some of my data points that are building the HOC II. This will give our listeners 100% disclosure into the talking points, BEFORE they are posted. This should help solidify our credibility before the HOC II is released. + +&#x200B; +33M, NW: 2M USD, DINK. Annual household income: 400K USD + investment income of 100K USD. + +Targeting to retire at 40 with hopefully 6MM - 8MM net worth. + +Just wanted to see if there are any “non-west” stories worth sharing on fatfire? For example I am originally from Philippines, moved to Singapore (higher pay, lower tax) and work in fortune 500 non tech company before I want to fatfire retire back home when I hit 40. Cost of living is generally lower so 5MM exc primary residence should be sufficiently fat. + +Just curious how many people in the sub have similar stories/backgrounds! +I'm not the only one putting 2 and 2 together. Business acquisitions are a terrible way to acquire businesses because it reveals your cards. + +AMD, Xinlinx has revealed AMD is 20% overpriced. Xinlinx estimates their fair value at $91. + +And this guy is also betting big on it but for technical, not fundamental reasons alone. + +https://www.google.com/amp/s/www.cnbc.com/amp/2021/08/05/one-options-trader-bets-7point5-million-on-a-breakdown-in-amd.html + Here's my current investment portfolio + +Investments: 50% VTI, 30% VXUS, and 20% VUG + +Full portfolio: 60% investments, 30% crypto, 10% cash + +Longterm investing for 20+ years. I'm not that risk-averse and want to maximize gains for the long term. + +I've also seen some portfolios where they only keep 5% cash, but not sure if that already includes their EF or maybe their accounts are already so big that just 5% is a huge amount. Any thoughts? +I’ve been debating on what to invest my cash into. + +25 years old +Looking for an aggressive growth ETF +Investing in an taxable account and looking to stay in for at least 20 years. +Want to invest during this time period specifically for building wealth for purchasing more investments in the future. + +I’m wondering if anyone knows all of the fees associated with owning ARK Innovation ETF. + +I understand there is a .75% expense ratio and that it’s taken out of the performance and not a direct payment that needs to be made but does ARKK have any other fees such as short term or long term capital gains taxes on active trading that does have to be paid to the IRS on a taxable account? +He gets \~800 social security which only covers his other food expenses. + +Edit1: Do I need to show that I am co-lease signer or that I have written checks from my bank account bill pay to that group home's account? + +Edit 2: Does anyone know about claiming him as beneficiary will affect his SSI benefits? I will definitely contact tax attorney in few weeks. But due to monday deadline, looking for quick advise about adding him as dependent today. + +Edit 3: Deduction I get when I claim him dependent is just $500. So I don't think it is worth all the trouble. I may drop him as a dependent for now and file the taxes. Thanks all! Next, I will talk to professionals and come up with a plan to help support him financially going forward. +Alright guys. We had our first day of earnings season, and while the banks posted big earnings there's reason for pessimism moving into the 2nd half of the year. I'll be focusing on the corporate investment bank portion of the earnings in this post. This is my best attempt at foreshadowing what's to come based on how their investments performed and what we could expect from other banks based on JP Morgan Chase Corporate &amp;amp; Investment Banks earnings report. I am not perfect and this could be completely wrong, but I'm confident in my analysis and open to criticism. If this was posted earlier I apologize. Just got off work and had some time to sift through the earnings and thought this was important. + +EDIT: Link to my post on Goldman Sachs... [(59) Goldman Sachs &amp;amp; Why todays earning release was good for GME : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojuvh1/goldman_sachs_why_todays_earning_release_was_good/) + +Edit2: Link to post on Bank Of America: https://www.reddit.com/r/Superstonk/comments/okjs13/bank_of_america_why_todays_earning_release_was/ + +**TL;DR: JP Morgan Chase Investment Bank posted a net revenue slump of nearly $1 billion in whats been a bullish market. Real revenue slumps couldve been much larger if not offset by other factors. Moreover, They are compressing margins and thus warned hedge funds of margin calls/liquidations. They also pulled out of the Depository Trust Company (DTC) for their Municipal Bond Dealer, possibly due to a 44% net revenue decrease. In other words, the house of cards is crumbling and we've been watching it this entire time and we called it. Enter cheat-code: SHOW ME THE MONEY** + +JP Morgan Chase Investment Bank posted a net revenue decrease of 9% in Q2 2021 with net revenue of $13 Billion. Q1 saw a net revenue of $5.74 Billion and Q2 was $4.99 Billion. + +Corporate banking revenue was at $5.1 Billion (+1%) and Investment banking revenue was at $3.4 Billion (+1%). The only reason they turned a small gain in net revenue here is due to a 25% increase in fees. + +**In addition, JP Morgan received $1.5 billion in wholesale payment revenue (+5%) but offset by margin compression.** In other words, corporations or investors had to deposit more money due to JP requiring more to cover margin trading accounts to prevent margin calls and this offset their net revenue gains in wholesale deposits. **JP Morgan is tightening down on their leverage to reduce risk and required at least $1.5 BILLION IN MARGIN DEPOSITS! MEANING MARGIN CALLS WERE LIKELY ISSUED BUT MET!** + +Moreover, lending revenue was $229 million **(-15%)** due to lower net interest revenue. Meaning they realized a decline in revenue from interest bearing liabilities like commercial loans and securities. Could be because of closed/satisfied loans or defaults on loans. I'm not sure about you, but I've seen the unfortunate closing of many small businesses in my area and different states so I'm leaning towards this being the reason why they've made a net-loss here. + +Markets & Securities Services revenue was $8.1 Billion **DOWN 28%** so they are legit bleeding this money. That's 28% net revenue decline in just 1 QUARTER! The following is the breakdown: + +Markets Revenue was $6.8 Billion **DOWN 30%**! *What the f JP?* This breaks down into 2 buckets for JP: + +*Fixed Income Markets and Equity Markets:* Fixed Income Markets revenue was $4.1 Billion **DOWN 44%!** JPMORGAN CHASE BANK/CORPORATE MUNICIPAL DEALER recently was removed from the DTC and this is probably why! Equity Markets revenue was $2.7 Billion (+13%) and is their other investments in the stock market. Seems like they did okay here and offset some of their huge slumps in the Fixed Income market. Still a huge net-decline. + +*Securities Services Revenue:* was **$1.1 Billion (-1%)** and was mostly driven margin compressions, meaning margin deposit requirements. Again, margin calls were likely issued at some point this quarter! They also had a net revenue gain of $233 Million from Credit Adjustments &amp;amp; *Other* because of valuation adjustments this year. This is huge because this is driven by the funding spread on derivatives. + +F in the comments for JP Morgan. Looks like the end is near for at least one of our friends and their friends. + +*This is not financial advice and is just my opinion on what the earnings report means for JP Morgan. I'm just a retard who likes to gamble and loves GameStop stock.* + +Sources: + +1. [(43) JP MORGAN WARNS HEDGE FUNDS TO EXPECT MARGIN CALLS🚀🚀🚀🚀 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ojdfqi/jp_morgan_warns_hedge_funds_to_expect_margin_calls/) +2. [JP Morgan warns hedge funds to expect intraday margin calls - Risk.net](https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls) +3. [To: (dtcc.com)](https://www.dtcc.com/-/media/Files/pdf/2021/7/13/15625-21.pdf) +4. [2Q21 Earnings Press Release (jpmorganchase.com)](https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2021/2nd-quarter/e5628b2a-f923-4c04-8008-58236a2f7999.pdf) +My husband just got scammed out of $45,000. + +He received a call today to say that we had money fraudulently taken from our bank account and my husband had to “reverse” the transactions by logging in, downloading Any Desk and transferring funds to a bank account. + +The guys was convincing to say in the least. + +My husband made the transfers. I’m sorry to say that he did it 3 times until I understood what was happening and stopped it. + +We raced to the bank while on the phone to a Fraud team to cancel the transactions. Probably within 2 hours. This was done from a business account. + +Can someone just tell me the truth. Is it all gone? + +This will actually probably bankrupt us as we have a small business that we need the funds to pay our suppliers, staff and the money was going to be used to gear up for Xmas. + +I wish I was exaggerating the situation but we had a deposit on a house and land package that is due to be financed soon. We had a deposit on it, so we will lose that if we do not get financials approved. + +How can we earn and income if we cannot afford supplier costs that we already have used, lose our Christmas trade to remain ahead of our competitors and in business plus live. + +We’re in a dark place. I can only see that we will lose everything. + +If you can’t help me, double down and have the security checks in place so that you don’t lose your life like us. +So, I have a little more disposable income after receiving a promotion and a raise. I save a lot of my salary into safe investments (index fund), but I’m now looking to invest a small amount (around £100 a month) into more asymmetric bets. Things with a low cost, but potentially massive upside. I have considered a few things like crypto, investing in Alternative Investment Market (AIM) and US penny stocks. Are there any other ideas anyone on here has? Am open to anything honestly, it can even be non-financial. +I'm thinking about selling a relatively small online business to a PE owned company. The business is small ($2.75M EBITDA, $5.25M Sales) but is growing rapidly in an industry with a lot of perceived future growth and actual current growth. We've recently received an acquisition offer from a company in our industry. We haven't negotiated at all yet. + + +I think the headline price (8.5x EBITDA) is fair based off industry dynamics, but I'm concerned about being protected from all the pitfalls you hear about from PE deals. Additionally, about 30% of the expected comp is in equity in the acquiring co. + +FWIW, we have a good lawyer who has done a number of other deals in our industry. However, our business is somewhat unique in our vertical so there aren't a ton of great direct comps, this deal likely wouldn't be "cookie cutter" based off other deals the firm has seen. He's already told us it may be challenging to know how to structure this. + + +Questions: +\-I'm told by some friends we should absolutely hire a banker. Should we? Who? My understanding is we're talking about \~5% of the deal here. The issue I see is there's really only a couple of companies we think that would be a good fit for owning our business. If there was a more robust market I would feel more confident the bankers would be worth it. We're also not thrilled about going through a time consuming process here if we can avoid it. +\-On the initial offer, we're looking at about 40% of the comp subject to an earnout, which seems high to us. There are realistic scenarios based on what's proposed where we could received no further money in the earnout (ie, only 60% of the headline transaction price). Any advice on what to ask for and/or look out for is appreciated. How normal is this? It seems off to us based off other deals we've seen and based off how competitive the market is. +\-I'd love to hear ways people generally get screwed in earnouts, what we should ask for, etc. +\-What to ask for to provide more upside to us if things go really well (as proposed, there's really not much upside for us if things go better than a base case) +\-Part of the comp is proposed as equity in the acquiring company's stock. It's PE owned, private, and we don't have a view on its future prospects. How negotiable is this type of thing, typically? Our view is the PE owners feel very optimistic about our equity and what can be built around it relative to theirs. How do we avoid getting screwed if some of this comp is paid out over time at allegedly "fair market" rates which we have no visibility into how they are calculated? + +&#x200B; + +Thank you. +Unfortunate Criminology student here, think it’s a popular degree so probably lots of people in my boat. 12 months out of Uni, was unable to get my foot in the door with an internship due to COVID and now working part time at a clothes shop for $22 an hour while doing an extra Diploma to try and make myself more marketable. I’d imagine it’s a similar story for a lot of people so would love to hear from you! And if you’ve managed to graft yourself into a good position then would also love to hear your story! +Seriously, I get 4 phone calls a week with some lowball, fast close bs (I have 7 doors). If I want to sell my investment property, I know who to talk to. Is the hope to find a little old granny who doesn't know anything about selling property? +Is it true that, as John Green says, "Textbooks are somewhat impervious to the law of supply and demand."? + +https://www.youtube.com/watch?v=CneL0GoZ3tk + +"The actual consumers, students and sometimes teachers, often don't have a lot of choice when it comes to textbooks, which I think limits innovation, and also makes them artificially expensive." +Found an interesting post on a property Facebook page calling a softening of the market. + +Despite being bullish on property, I’d have to agree with their point and think sentiment is going to change at some point mainly because +“in real estate, perception (or rather mis-perception!) can be a very powerful driving factor.” + +Thought you lot may be interested. + + +Post by Henny Stier: + +After what can only be described as the most surreal quarter of Sydney real estate, we are starting to notice some signs of the market shifting gears. I write this not as some keyboard warrior reading lots of articles. But as a Buyers Agent whose team physically inspects 50-60 properties per week and attend 10-15 Auctions each week. Because we really pound the pavement hard, we are able to really pick up on even the most subtle of changes in the market which I'm pleased to share with PTA. + +This is our on-the-ground observation of the past couple of weeks in metro Sydney area (we don't cover outer Sydney, regional or interstate so we can't comment about that): + +1. Most Auctions are still going very strongly. However, quite a number of properties have sold just a day or two before the scheduled Auction. Indicating that perhaps there was not as much interest as in the initial weeks or there was just one stand-out buyer in the end and a better outcome can be achieved by doing a deal prior. Fear of Missing Out (FOMO) is slowly being replaced by Fear of Over Paying (FOOP). + +2. The number of new listings has gone up dramatically and we expect this will continue in the coming weeks. Especially once school holiday ends. + +3. Vendor expectations and greed are at an all-time high. Every agent we speak to is having a hard time managing their Vendor's expectations - which seem to increase exponentially week by week! These are Vendors who have watched their neighbour's property sell for a ridiculous sum at Auction and automatically assume their property is superior (even when it’s not!) and therefore should get even more. + +4. Vendors are inflating the figure that they would sell their property for because they are factoring in the amount they think they would need in order to make their next move. "I know my house is currently worth $X; but the market might go up another 15% in the coming months when I will be buying, therefore I won't sell my house unless I get $X + 15%." + +5. Many buyers are feeling horrified, fed up and priced out. Therefore, many are either voluntarily or involuntarily taking a break from house hunting. Many still want to buy but quite simply can no longer afford the area they want to be in. So, they are calling time-out for now as they wait for the craziness to settle down. A dramatic rise in house prices of 20-25% in 6 months is just not sustainable no matter how you look at it. + +6. Q1 this year was characterised by panic buying and massive overpaying just for the sake of buying something. We expect Q2 to be a period where agents have to try and bridge the widening gap between astronomical Vendor expectations/greed and decreasing number of buyers who are prepared to pay anything. The most desperate of buyers have bought in Q1. There will still be some really desperate buyers - but each week that goes by, there are less and less of them. Those who are still looking will have a lot more properties to choose from in Q2 and Q3 - reducing the pressure to pay big bucks. + +7. As soon as the number of listings go up, the lemon properties will no longer trade so swiftly or at such high prices. There is an influx of lemon properties on the market at the moment. Many of them were only bought recently and the owners are keen to off-load them quickly while the market is still hot and buyers aren't as discerning. Once buyers have more choices, the lemons are going to sit around or get passed in at Auctions. + +8. As more and more properties get passed in or withdrawn from Auction last minute (due to the gap between Vendor expectations and buyers' willingness to pay up), there will be the perception that the market is not holding up. This won't necessarily be the case - but in real estate, perception (or rather mis-perception!) can be a very powerful driving factor. + +Our advice to anyone looking to sell is to do it sooner rather than later while there is still a surplus of highly motivated buyers. + +Our advice to anyone looking to buy has been pretty consistent. Focus on buying only A-grade properties which will stand the test of time. The more inflated the market is, the more you have to be careful with whose advice you trust and what you buy. If you overpay for the wrong property, you will be stuck with an asset that will underperform in the future and that you won’t be able to easily recoup your money from if you want to sell it for whatever reason. +Hey all, + +I'm setting up my wife's work computer so I've got a few minutes. + +I have done fuck all today. I went to my favorite bar with an old friend for breakfast, came home, took a shit because I had a big bloody Mary and a steak, then took a couple hour nap. + +Honestly, I have not paid much attention to DD's recently. Partly because I'm retarded, yes, but mostly because I really don't give a shit anymore. + +I buy and I hold. I wait for rule changes, I wait for hedge funds to start bleeding out of their bellies, I wait to see some good interviews (not congressional hearings. That's cool and all, but those mostly appeal to boomers.). + +But most importantly + +#I will wait patiently for mine pound of flesh. 👹 + +And you should too. Okay, Warden fucked up big time on his DD because of his detailing. We don't compromise here, dude. Sorry. + +*We will not negotiate with terrorists* - George W. Bush + +*We got this saying in Tennessee... Fool me once-* -Also George W. Bush, who's from Texas right? Who gives a shit? I don't. I know the fuckers not from TN though. + +Wait patiently apes. The prophecy has been foretold. + +Edit: whoever the fuck decided to give me a platinum, thank you! + Down 28% in AH as of 6pm. + +Credit: u/juaggo_ + +Peloton on Thursday reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter, prompting the company to slash its outlook for the full year amid softened demand for its exercise equipment and ongoing supply chain challenges. + +**Loss per share: $1.25 vs. $1.07 expected** + +**Revenue: $805.2 million vs. $810.7 million expected** + +“We anticipated fiscal 2022 would be a very challenging year to forecast, given unusual year-ago comparisons, demand uncertainty amidst re-opening economies, and widely-reported supply chain constraints and commodity cost pressures,” Chief Executive Officer John Foley said in a letter to shareholders. + +Peloton posts wider-than-expected loss, slashes full-year outlook amid softening sales [https://www.cnbc.com/2021/11/04/peloton-pton-to-report-fiscal-q1-2022-earnings-.html?\_\_source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard](https://www.cnbc.com/2021/11/04/peloton-pton-to-report-fiscal-q1-2022-earnings-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) +I’m mid-30’s living in a HCOL with NW ~$19M. + +Of that, I have majority ownership of a privately-held business that based on my percentage of ownership, the stock is worth roughly $8M. It has an EBITDA around $1.5M and in 2020 saw 9% sales growth, while in 2021 it will end up with about 42% sales growth. + +After 2020, I realized I was just kinda “done” with this business emotionally, and instructed my CFO to start a search for a buyer. + +For all of the exciting talk of these big exits, this is a more sobering tale, as my company had a signed LOI from a PE Firm that went sideways at the 11th hour. + +Long story short, it was a deal brought in by my CFO and once they dug in, they realized the valuation they put on us was too high (basically double of what I am being quoted by some brokers we have since engaged) and the management team that would stick around in their view couldn’t manage towards growth as they pegged me as the engine of the growth. I’m likely not willing to stay onboard post-close and have been transparent about that. + +Why don’t I want to continue? + +I’m not particularly passionate about the industry although it is growing rapidly. It was a means to an end. Additionally, I am quite geographically removed from this business as I re-located a couple years ago, and have been able to leverage the existing management team to keep the ball rolling. Lastly, I would say, I have found that after passing what I think is my “number” of $10M NW, I don’t really want to get too cute with highly concentrated/high risk positions that still get me emotionally charged up like this company does since I founded it. + +Other Considerations: + +Through this process, the relationship between the management team (who are also minority shareholders) and myself has soured to the point where they are insisting upon me selling, or they potentially will leave. + +I got a revised offer from the original PE Firm for my shares that I think was mostly a “mercy” offer to save face on the initial valuation miss, for about $9.5M. Which sounds great, but there is a 20% earnout on that, 10% equity roll, and other nonsense. So when my CFO modeled out what I would be walking away with after tax at closing, I’d get about $4M guaranteed which just seems like a rip-off. + +So realistically, what should I do here? In my mind here are my options: + +1. Sell the company for a value lower than I think it’s worth. + +2. Basically, call my management team’s bluff and have them either quit so that they can be replaced, or continue to run this company which spins off about $1M a year personally for me. + +The obvious risk of #2, is that doing a management transplant in general let alone in this economy, is going to suckkk. But it may be unavoidable to get reasonable value for this company. + +Where do things stand currently? + +I challenged my team to find an offer that produces $6M after-tax guaranteed No-BS cash at close for my shares. I feel like I could live with that as it would at least net out to a bit more than the “mercy” offer referenced above. They seemed interested in seeing if that would be possible. + +What would you do here? +By comparison, Burgerking is 12billion and Michael Kors is 9Billion. +https://www.reuters.com/finance/stocks/overview/300431.SZ + +Baofeng offers Internet audio and video playing solutions. + +Justin Sun's tweet: +https://twitter.com/justinsuntron/status/950992805932838913 + +Tron Labs article: +https://medium.com/@Tronfoundation/baofeng-and-tron-opening-a-new-era-of-blockchain-based-online-entertainment-63fd6c97ca4d +I’m considering trying to buy a 3-4 unit place where I can live in one for free or cheap and rent the others out. Been looking for a few months and don’t understand in what world any of these are a sound investment. Found one that looks to be in good shape in a decent neighborhood that’s $3.1M for 4 units. Monthly overhead is nearly $20k at that price, and each unit probably rents at $4k/ month or less. Why would anyone buy that? I would need it to be priced ay closer to $2M for it to make any financial sense. What am I missing here? +Guess what Lowe it is not a surprise to the rest of the World and I will give a hand: + +- Unemployment will keep rising +- People wont be spending more because they are full of debt +- Tax cuts wont do anything because money will go to paying more debt +- Don’t ask businesses to invest or hire more, they won’t do it and they will keep the tax cuts for themselves +- Banks around the World are reducing interest rates more aggressively and they are ahead of you + +Lowe, hope this helps smoothing your surprise and you can use this for your next speech +Hey guys, + +One thing I kept seeing on the discord server is that small caps SIP are bad over long term than investing in a large / mid cap. Any reasoning for this ? + +I thought it would be better since if you're a long term investor you could wait out the downturn in the small cap market and withdraw when it bounces back again. + + +Edit: Found the link that was posted in regards to this on the discord server, want to know if that truly has merit. + [https://freefincal.com/why-a-sip-in-small-cap-mutual-funds-is-a-waste-of-money-and-time/](https://freefincal.com/why-a-sip-in-small-cap-mutual-funds-is-a-waste-of-money-and-time/) + +&#x200B; +[https://github.com/jesse-ai/jesse](https://github.com/jesse-ai/jesse) + +I know many of you are already familiar with other projects such as Gekko and Freqtrade, etc and would like to know why I started Jesse instead of using them. So here are a few reasons: + +* Simple syntax for defining strategies. I have years of experience and a deep understanding of frameworks such as Laravel and Vuejs which are popular for their simplicity. I designed Jesse the same way. So #1 thing that you'll like about Jesse is how easy it makes it for you turn a strategy idea into actual code. +* Support for using multiple timeframes and symbols in a single strategy. I haven't seen any other project that can offer this **without the look-ahead bias**. Jesse does that. +* Trading more than one pair at the same time. Jesse allows doing this. I designed it using Routes, which is a concept borrowed from web development. +* It is accurate. This part was a real pain. I did it tho. Through hundreds of unit tests. + +## Example + +Here is an example of a profitable strategy that shows the usage of TA and the syntax of the framework: + + from jesse.strategies import Strategy + import jesse.indicators as ta + from jesse import utils + + + class SampleTrendFollowing(Strategy): + @property + def long_ema(self): + return ta.ema(self.candles, 50) + + @property + def short_ema(self): + return ta.ema(self.candles, 21) + + @property + def atr(self): + return ta.atr(self.candles) + + def should_long(self) -> bool: + return self.short_ema > self.long_ema + + def should_short(self) -> bool: + return self.short_ema < self.long_ema + + def should_cancel(self) -> bool: + return True + + def go_long(self): + entry = self.price + stop = entry - 3*self.atr + qty = utils.risk_to_qty(self.capital, 3, entry, stop) + profit_target = entry + 5*self.atr + + self.buy = qty, entry + self.stop_loss = qty, stop + self.take_profit = qty, profit_target + + def go_short(self): + entry = self.price + stop = entry + 3 * self.atr + qty = utils.risk_to_qty(self.capital, 3, entry, stop) + profit_target = entry - 5 * self.atr + + self.sell = qty, entry + self.stop_loss = qty, stop + self.take_profit = qty, profit_target + +And here is the backtested results: + + CANDLES | + ----------------------+-------------------------- + period | 365 days (12.17 months) + starting-ending date | 2019-01-01 => 2020-01-01 + + + exchange | symbol | timeframe | strategy | DNA + ------------+----------+-------------+----------------------+------- + Bitfinex | BTCUSD | 6h | SampleTrendFollowing | + + + Executing simulation... [####################################] 100% + Executed backtest simulation in: 22.61 seconds + + + METRICS | + ---------------------------------+------------------------------------- + Total Closed Trades | 24 + Total Net Profit | 3991.39 (39.91%) + Starting => Finishing Balance | 10000 => 14063.47 + Total Open Trades | 1 + Open PL | 97.15 + Total Paid Fees | 498.22 + Max Drawdown | -15.9% + Sharpe Ratio | 1.18 + Annual Return | 26.46% + Expectancy | 166.31 (1.66%) + Avg Win | Avg Loss | 558.76 | 383.12 + Ratio Avg Win / Avg Loss | 1.46 + Percent Profitable | 58% + Longs | Shorts | 67% | 33% + Avg Holding Time | 2.0 weeks, 12.0 hours, 53.0 minutes + Winning Trades Avg Holding Time | 1.0 week, 4.0 days, 6.0 hours + Losing Trades Avg Holding Time | 2.0 weeks, 5.0 days, 2.0 hours + +This project took me \~2 years. I did it for my own trading needs and I am very happy with the results. Now that I'm releasing it to the public, I hope you guys like it too. + +Cheers +[https://github.com/jesse-ai/jesse](https://github.com/jesse-ai/jesse) + +I know many of you are already familiar with other projects such as Gekko and Freqtrade, etc and would like to know why I started Jesse instead of using them. So here are a few reasons: + +* Simple syntax for defining strategies. I have years of experience and a deep understanding of frameworks such as Laravel and Vuejs which are popular for their simplicity. I designed Jesse the same way. So #1 thing that you'll like about Jesse is how easy it makes it for you turn a strategy idea into actual code. +* Support for using multiple timeframes and symbols in a single strategy. I haven't seen any other project that can offer this **without the look-ahead bias**. Jesse does that. +* Trading more than one pair at the same time. Jesse allows doing this. I designed it using Routes, which is a concept borrowed from web development. +* It is accurate. This part was a real pain. I did it tho. Through hundreds of unit tests. + +## Example + +Here is an example of a profitable strategy that shows the usage of TA and the syntax of the framework: + + from jesse.strategies import Strategy + import jesse.indicators as ta + from jesse import utils + + + class SampleTrendFollowing(Strategy): + @property + def long_ema(self): + return ta.ema(self.candles, 50) + + @property + def short_ema(self): + return ta.ema(self.candles, 21) + + @property + def atr(self): + return ta.atr(self.candles) + + def should_long(self) -> bool: + return self.short_ema > self.long_ema + + def should_short(self) -> bool: + return self.short_ema < self.long_ema + + def should_cancel(self) -> bool: + return True + + def go_long(self): + entry = self.price + stop = entry - 3*self.atr + qty = utils.risk_to_qty(self.capital, 3, entry, stop) + profit_target = entry + 5*self.atr + + self.buy = qty, entry + self.stop_loss = qty, stop + self.take_profit = qty, profit_target + + def go_short(self): + entry = self.price + stop = entry + 3 * self.atr + qty = utils.risk_to_qty(self.capital, 3, entry, stop) + profit_target = entry - 5 * self.atr + + self.sell = qty, entry + self.stop_loss = qty, stop + self.take_profit = qty, profit_target + +And here is the backtested results: + + CANDLES | + ----------------------+-------------------------- + period | 365 days (12.17 months) + starting-ending date | 2019-01-01 => 2020-01-01 + + + exchange | symbol | timeframe | strategy | DNA + ------------+----------+-------------+----------------------+------- + Bitfinex | BTCUSD | 6h | SampleTrendFollowing | + + + Executing simulation... [####################################] 100% + Executed backtest simulation in: 22.61 seconds + + + METRICS | + ---------------------------------+------------------------------------- + Total Closed Trades | 24 + Total Net Profit | 3991.39 (39.91%) + Starting => Finishing Balance | 10000 => 14063.47 + Total Open Trades | 1 + Open PL | 97.15 + Total Paid Fees | 498.22 + Max Drawdown | -15.9% + Sharpe Ratio | 1.18 + Annual Return | 26.46% + Expectancy | 166.31 (1.66%) + Avg Win | Avg Loss | 558.76 | 383.12 + Ratio Avg Win / Avg Loss | 1.46 + Percent Profitable | 58% + Longs | Shorts | 67% | 33% + Avg Holding Time | 2.0 weeks, 12.0 hours, 53.0 minutes + Winning Trades Avg Holding Time | 1.0 week, 4.0 days, 6.0 hours + Losing Trades Avg Holding Time | 2.0 weeks, 5.0 days, 2.0 hours + +This project took me \~2 years. I did it for my own trading needs and I am very happy with the results. Now that I'm releasing it to the public, I hope you guys like it too. + +Cheers + I’m 32, NW $10.5M. (Throwaway) + +Spent my 20’s grinding and building businesses. Had a couple of failures and had 2 successful exits by 30. Burnt myself out, took a couple of years finding the next opportunity and doing some investing. Working on a new venture now, but not feeling super excited or motivated, even though it is taking off. + +I didn’t really get to enjoy my 20’s, and now I’m at the age where all my friends are getting married and having kids. I’m in a great relationship, but she works all day and I end up spending my days working out and working on the business. + +My goal was always to get to $10M, and now that I’m here, I’m feeling disillusioned, a bit lost, isolated and overwhelmed with options. + +What would you do if you were me? Find hobbies? Keep building companies? Volunteer more? Travel aimlessly? Take ayahuasca? :) + +Thanks FF! +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! + +What’s everyone’s approach on the decision to opening a position in a company? Other than hearing about it from someone on Reddit or yahoo and then looking the charts and seeing an uptrend through time. Some questions I have: + +Q1: What does it mean if a company is overbought or undersold? And how do you find that out? + +Q2: How does a P/E ratio work and is it a good or bad thing if it’s high compared to its competitors? + +EDIT: if someone could link some informative videos explaining how to read the spreadsheet of a company that would be fantastic. Been watching lots of different ones but as someone with a learning disorder it’s hard to find one that clicks with my brain sometimes. Thanks I’m advance. +I find that a lot of my friends and family don’t really understand day trading. They always think it’s just gambling or luck. Or if I’m making consistent profit some might think its because it’s a bull market. How do you guys deal with constant doubt you hear from others? + +Edit: thank you everyone for the helpful comment :) +Getting into the hypotheticals as I haven’t done enough homework on this but.. + +Let’s say my mortgage payment was $ 2300, but the rental market priced my unit at $ 2100/mo. + +Has anyone ever ended up in a situation like this? What happened? + +*my thought was I live w my gf who pays me rent, I own the unit. I could afford the $ 2300 if we broke up but I would never live in the area I’m in now as a single person and would want to move locations within my state. + +If I went back into the city and found a place for $ 1500 ish, and ended up where I could only find a renter for $ 2100, would the 200$ out of pocket not be a big deal to hold onto a property if it did come to this ? + +Edit: Good discussion, learned a lot as a first time home buyer. I have no intention of leaving my GF my high ass came up with that scenario as to why I might need to rent out my spot, with the ‘curveball’ the rented spot could be significantly cheaper. + +Edit 2: I just did the Zillow rental calculator and they put me at $ 2175 - $2340 rental potential. Also worth noting 308$ of the $2300 is HOA, which I included because it’s still a cost I would want covered (I’m in a condo). +Hello, + +I recently purchased a large house in Spain, Europe. It’s part of a development which we bought off the plan 2 years ago. We recently moved into the house approximately 1 week ago and we’re not happy with the way the house is finished. It was delivered 5 months late and they out sourced a lot of the contract workers so it would be done faster because the developers had other developments which they needed to start. + +I will likely get in contact with a lawyer, but I just wanted to get some general advice and potential questions or points I can bring up. + +Here are some photo as examples + +https://imgur.com/a/HjfOhFA + +It’s mostly the last 5-10% of the house which was basically rushed and finished terribly. Things like skirting boards, the micro cement finish, the artificial grass on the terrace flew away in some wind because it wasn’t attache properly. The lights on an entire floor didn’t work, the electrical blinds didn’t work. Some things they’ve agreed to fix but other no. In general we are just quite unhappy with the experience. It was sold as a luxury house with high quality finishes. +Hello Fellow Apes! + +Hope everyone is staying hydrated. + +I wanted to share an archived version of some of the most popular DD on this sub, available offline in case any fuckery happens during the MOASS when Reddit decides to disconnect our banana phones. Here is the link to the PDF version of the archive with clickable links and easy to use navigation: + +[Superstonk DD Mega Back Up](https://pdfhost.io/v/Us4Bw~boF_Superstonk_DD_Mega_Back_Up.pdf) + +This pdf is located on pdfhost.io + +[Superstonk DD Mega Back Up Mirror](https://owi.su/vnhU.pdf) + +Each post has a hyperlink to jump to that specific content. Each post contains the original poster, within the table of contents, that also contains a hyperlink that will direct you to the OP! At the end of each post, there is a link to direct you back to the TOC. + +Everything I have used has been credited to the OP of each post. + +Disclaimer + +This is not going to be perfect. All DD is not archived. Only the most popular, or posts with most attention. Think of this as your 'MOASS Survival Kit' if or when things go dark. It's meant to keep your hands diamond. + +I tried everything my smooth brain could muster in order to keep the correct formatting of each DD posted. Some of the pictures contained in DD posts will be compressed to save on space, however, most still contain their hyperlink that will redirect you to the full quality image. (May not work if Reddit shuts down.) + +If you would like to use this archive for something else, go for it! The only thing I ask is if you could credit the archive as a whole, as it took me 3 days to put together. + + +Hope you all enjoy it. See you on the other side! 🚀 + +EDIT: thank you to u/hamsterpotamia for providing another great pdf to have in your kit! + +https://pdfhost.io/v/wfta95JS8_DIAMONDHANDBOOKpdf.pdf + +EDIT 2: thank you to u/siffkopp for providing direct links for a more mobile friendly version! + +Superstonk DD Mega Backup: + +https://pdfhost.io/pdf/d28903a9-7132-46c8-a935-f343a20b1068/289bc076-abb4-44e8-8ce8-3590c18c90d7.pdf + +Diamond Handbook: + +https://pdfhost.io/pdf/d28903a9-7132-46c8-a935-f343a20b1068/0ef0c535-fccf-4d77-bbda-89acbe08cf30.pdf + +EDIT 3: u/touuqe has provided a mirror link as well: + +https://owi.su/vnhU.pdf + +EDIT 4: hey all I know the links are dead right now. Currently on vacation. When I get back to my desktop, I will reupload! + +Edit 5: I have reuped the pdf! Should be working now, along with the mirror. + +Edit 6: Been having issues with pdfhost not loading the content. Use the mirror link provided above! +Suppose you are a U.S. citizen. + +How would you protect against a scenario where the U.S. has political instability that wrecks the banking system (say, [a civil war](https://www.nytimes.com/2022/01/06/opinion/america-civil-war.html)). Suppose that the euro and RMB are still functional currencies, but Vanguard and Schwab are not returning your calls because of the U.S. instability. + +Put assets in an account in Canada? (Don't you need to be a Canadian citizen?) + +Buy some gold? (But it's too heavy to take much anywhere.) + +Yes, this is an unlikely scenario, i.e. "tail risk." Also, yes, if the U.S. were chaotic, the rest of the world's financial systems would also be chaotic, but does that mean just throw up your hands and don't bother? + +**EDIT:** Thanks to all who answered! This was a serious question, and I am reading your replies. + +**EDIT 2**: I tried to summarize (without editorializing) in [this comment](https://www.reddit.com/r/fatFIRE/comments/rynnrt/comment/hrtux5u/?utm_source=share&utm_medium=web2x&context=3). Thanks all! +I don't know the broker's address, but this is a welcome relief. Hopefully the sell pressure will be significantly reduced. Release the bulls! + +https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4 +Two posts are on the front page right now: ["El Salvador angrily rejects IMF call to drop Bitcoin use"](https://np.reddit.com/r/CryptoCurrency/comments/she2t3/el_salvador_angrily_rejects_imf_call_to_drop/) and [El Salvador Treasury Minister Alejandro Zelaya angrily rejects IMF demand to drop Bitcoin as legal tender, “We are a sovereign nation. No international organization is going to make us do anything, anything at all!"](https://np.reddit.com/r/CryptoCurrency/comments/shs9au/el_salvador_treasury_minister_alejandro_zelaya/) + +You guys understand that the IMF isn't just randomly going around demanding stuff, right? Most replies don't seem to understand that. El Salvador has tried to get [$1.3 billion in funding from them](https://www.reuters.com/article/us-el-salvador-economy-exclusive-idUSKBN2AW1GV) for almost a year now. That's a ton of money. And sure, edglord Bukele and his corrupt, idiotic government can keep their stance that nobody can "make them" do anything - but nobody is trying to force them to do anything. It's more of a "yeah we won't give you money as long as you are gambling with your economy in an irresponsible manner". Which is a completely reasonable attitude. Why would they just give money to them without conditions? + +El Salvador doesn't hold any power here. They're an irrelevant, tiny economy, the IMF couldn't care less about them. If they want money, they'll have to comply. Or the dictator once again makes a stupid decision for his country... +I just don’t see the point of having too much cash laying around (if you have a steady income) but you can make 1 percent a month in this dividend monster.. +I would like to share my story. I want people to know you don't need to be a "tech bro," or have a $100k/yr salary to start the journey to FIRE. I am a 24 y/o woman who came from almost nothing, and I am setting myself up for greatness. + + +I didn't have the best home life growing up. I grew up in an impoverished area where 80% of people have no education beyond high school, my family included. A child of divorce. I have parents whose bodies broke down at a pretty young age. The works. I took some community college classes at 15. I moved out for university at 17 with some scholarships and lots of different jobs to keep me afloat. + + +At 20, I dropped out of university without a solid plan. I hated my major. I hated my research. I also struggled with a lot of health problems, including a brief period of (oral) chemotherapy. I rotated a bunch of little jobs and ran a small ebay business to pay bills. I eventually got into another school for a 3+1 program, but I had to wait until the next school year. + + +At 21, I was doing full-time unpaid clinical rotations and for a brief point, did not have a roof over my head. I slept in my car, crashed on couches, and relied almost exclusively on expired food from the sweets/bread truck from a guy at my site who drove bread trucks as a second job. The program before the rotation was HARD, but less impactful. + + + +I obtained a STEM degree on my 22nd birthday (yay!) with a -$28k NW. I quickly got my certification and started a career in healthcare with a pretty average salary, but almost unlimited potential for more money to be made. I work exclusively nights, weekends, and holidays. I have above average exposure to COVID-19. The job satisfaction is unreal- I can save lives without people ever knowing my name. The rock-solid job security doesn't hurt either. + + +At 22, I lived in an 80 sq foot room in a place with 5 loud roommates, 3 dogs, and a bird who lived on dayshift schedules. My sleep schedule was a wreck. However, I made it a goal of mine to not leave this place until I paid off every penny of my student loans and landlord, who was kind enough to waive my security deposit and provide basic furniture (she wasn't great in other aspects, however). I deprived myself of a lot, but I was able to pay off government loans before the end of the grace period and knocked out personal loans soon after. In addition, I created a rock solid emergency fund. Lastly, I contributed to the employer match in my 403b. + + + +23 is boring. I started to contribute more to my 403(b), a teeny pension (I was an adjunct for a semester), and developed a Roth IRA. I got a place of my own to rent close to work. Same thing at 24, but Im trying to max my accounts out. After the market going up and down due to current events, I can say with confidence that my retirement funds reached and stayed at $50k. I could not be more proud. + + + +Here are some stats. + +Career: Medical Laboratory Scientist + +Location: Northeast, HCOL area + +Base hourly (Fixed): $26.70/hr now, was $26.18/hr from Jan-Oct 2020 + +Bonuses/Differentials/Overtime (Variable): $20k-$30k/yr- differentials are the majority of this + +Income from adjunct (2020 only): $1,920 + +Roth IRA, pension, and 403b as of 11/11/2020: $53,630.74 + +Additional things of value: I own my vehicle and have 6 months of living expenses in my emergency fund- about $18.5k total (using the KBB trade-in value to estimate the worth of my car) + +Debt: $0 + +Expenses: $2.5k-$3k a month. This includes fixed expenses, variable expenses, and saving for my Roth IRA. + +After tax savings rate is ~45% for 2020. Im not sure how much that raise will change this number. + +FIRE goals: $70k/yr at 3.5%. Healthcare is expensive and I dont want to burden people with my long-term illnesses. I would love to transition to coastFIRE sometime in my 30s and let compound interest take over, if possible. + +My future goals include: following my passion for art, mentoring young females in my family, finding a good life partner, having an easier work schedule, and FI + + +I am thankful for the gifts of resiliency, discipline, and education. These strengths got me to where I am today. I hope building up these strengths, or your own strengths, get you to the greatness you deserve. + +EDIT 11/11/20 1300: Thanks so much for the kind words and awards! I would love to reply to each and every one of you, but I need to sleep for work (I forget if these posts get flagged/removed if OP abandons the post.) I will read comments when I can. +Someone from our Telegram group reached out to us and wanted us to put this message on CMS: + + + + + +Been on to crypto for a month or so and already been rugged a couple of times. So I am being very careful. I like YEET Token for short and long. The use case they just announced seems really unique - an on going pixel canvas that holders can buy into. Has anyone seen this elsewhere? Sounds like a form of the /r/place canvas that went viral. Pretty cool and may really catch on. + + + +I also like the crew running it. The key people come off as professionals (can’t say that about every token) and they’re looking to grow the token’s utility for the long term with ongoing use cases to be announced over time. + + + +Also like how active the devs are publicly. I heard them talk a couple times in the Telegram voice chat. Seem like good guys that are on it, smart and transparent. Marketing is getting ramped up and it’s already has a strong community after just a week or so. So, it looks like it’s ready to pop. I think it’s definitely more than a meme coin, but has the potential and moon. + +[https://YeetToken.io](https://YeetToken.io) + +&#x200B; + +Written by u/JLav7 (Telegram) + +&#x200B; + +YeetToken address: 0x7060d3f1cc70a07f4768560b9d9b692ac29244de +I’ve heard crazy stories of people saying in 3 months they were getting ridiculous returns and I know it’s fake cause forex ain’t a walk in the park. That why I ask to gauge how long it “normally” takes a trader to see steady profits into their accounts. My opinion is that a year should be enough time to learn and apply a good system to see constant returns. More than a year you should be seeing constant profits. But that’s what I think. I could and probably am wrong. +I just want to kindly give a heads-up to all the people who have been trading for 3 months and having lots of success. This is a market that is not exactly rare but maybe uncommon. It’s a bull market in a hard time, which makes it seem like not such a bull market. + +At some point, the market is going to act very differently. What worked recently might not work in the future. Please remember to preserve your capital first, don’t chase and be willing to change. + +I’m not trying to take away from your success. I just want you folks to preserve your capital first! Happy trading! +Hello Everyone! + +Ape help ape. + +Hello all, I've been so happy for the good reception this has been getting every time, and all of the helping people in many different ways. I'm just so so happy for that. Now just like I always ask, is everyone holding up okay? Still lots of turbulence in the world right now, as well as in people's personal lives. Alot of people have been feeling it. It's okay to take a breather! In, out! Ahhhhh! + +The hype for the marketplace grows as more versions of the wallet begin rollout, and there is only a matter of time before the split dividend drops as well! Also as always, the number of DRS shares keeps growing! Congratulations and good job! Also for many apes, the firework day long weekend approaches! Should be a good simulation for when GME rockets for good! You know the motto, buy hodl DRS! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post and could be considered FUD. No fud please. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone had a good month of June, and will have a great 4th of July, or just an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍🎆🎇 + Stay cool +Today was my last day of work. It feels surreal to say it. + +The backstory: 39, married, 1 kid, $2.3M NW, zero debt. Yet another tech guy. I've always been a pretty good saver, but I didn't know much about investing and was keeping most of it in cash. I discovered Mr. Money Mustache in 2015, and it was the wakeup call I needed. Once I understood the principles of FIRE, it seemed so obvious I couldn't believe I hadn't figured it out for myself. I put the pedal to the metal and focused on cutting out unnecessary expenses, paying down debt and building up a taxable brokerage account. Through sheer luck, I picked a good time to do it. The markets have been very kind to investors these last few years. + +I've been working for 15 years, full-time for 12 of those. In the last few years of my career, I cut back to part-time, and I recommend it to everyone. It's a far more civilized way to work: less stress, more free time, the ability to run errands on weekdays while my kid was in school and the stores aren't busy. It was like a test run for FIRE. + +I'm planning on a WR around 2.5%. I lean pessimistic about future investment returns. The stock market is really expensive, verging on overpriced, and I expect climate change and population decline to take a bite out of economic growth in the next few decades. If I'm wrong about that and growth continues on the historical trajectory (or even accelerates!), I'll be rich later in life, which is fine with me. + +This is a higher NW than I expected to retire with. My original plan was to quit in 2020, until COVID threw a wrench in that plan. While the world was in lockdown and no one could travel or have fun, I figured there was no harm in working OMY and throwing some more cash into my accounts while the markets were down. The post-COVID snapback was a lot more vigorous than I expected. + +Oh, and the markets gave me a nice little bump today. That was a pretty neat farewell present! + +I don't have any ambitious plans for the near future. My wife is working a little longer (she'll probably retire in 2022), and we're tied to my kid's school schedule. I've heard that most early retirees need a few months to decompress, and I want to give myself that time. + +I'm planning on reading lots of books, working on my garden, establishing a regular exercise routine, fancier home cooking, and doing chores and projects around the house I've been putting off for years. I'm staying local for now, but planning a lot of travel as the vaccine rolls out and more countries open up. I want to see as many U.S. national parks and UNESCO World Heritage sites as I can. + +Happy to answer questions! Or you can just tell me to GFY, that's fine too. +After taking a 9.2% stake in twitter, Elon musk has now offered to buy the entire company for $41.39 billion. This comes after some recent news announcement of Elon Musk not accepting the board seat position at Twitter because of some alleged background check. + +According to Twitter CEO, Parag Agarwal, Twitter and Elon couldn’t come to an agreement regarding the board. Parag notified his employees that there could soon be noise around the company. Twitter shares closed at a market cap of around $36.7 billion as of Wednesday. Shares are up 11% pre market as of this writing. +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 + I am a Software Engineer. I don't have too many expenses. Been putting money straight to savings account. I want to start making more money on the side. How should I invest it? + +EDIT: Thanks everyone. Didn't expect to get so many responses. Thanks for advising me. +Something is wrong with reddit at the moment could not upload any pictures, and keeps giving me errors but in getting the news out asap I thought I'd get it out now and try to add images later if needed. + +# (Superstonk header) + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +# (stonks ↗) + +# + +# Reverse repo's + +[https://www.reddit.com/r/Superstonk/comments/o7s3ux/daily\_reverse\_repo\_update\_0625\_770830b/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o7s3ux/daily_reverse_repo_update_0625_770830b/?utm_source=share&utm_medium=web2x&context=3) + +It seems the reverse repo's are now at 770.830 with 74 participants. + +I'd also advise to check out the top comment pinned to that thread as it explains quite a bit on how the repo's have been increasing and even includes this : + +[Reverse Repo's explained](https://www.reddit.com/r/Superstonk/comments/o27k2h/reverse_repo_operations_explaining_their_purpose/) + +# + +# The exponential floor + +[https://www.reddit.com/r/Superstonk/comments/o7va1q/0625\_update\_floor\_guys\_log\_stonkdate\_268\_russell/](https://www.reddit.com/r/Superstonk/comments/o7va1q/0625_update_floor_guys_log_stonkdate_268_russell/) + +Seems we are still sitting bellow the exponential floor u/JTH1 came up with, again I believe this shows that standard TA is hard to pin down on this sub, but its good to keep an eye on models like this because it does show us what was previously thought of, and gives us a good starting point for the next possible model. + +With enough data collected someone like JTH1 could start making a new accurate model. + +# + +# The Russel 1000 + +[https://content.ftserussell.com/sites/default/files/ru1000\_membershiplist\_20210628.pdf](https://content.ftserussell.com/sites/default/files/ru1000_membershiplist_20210628.pdf) + +It's official GME has been added to the R1K, I believe I even read somewhere that GME is only 1 single good quarter away from joining the S&P 500, but I'm not sure about that (as this is from memory) perhaps a wrinklebrain can help out and check this out to make sure we are indeed about to join that as well. + +Also good thing to note, I believe the Q2 is about to close at the end of June🤔 wait wouldn't that be... heheh + +&#x200B; + +# Fud campaigns + +[https://www.reddit.com/r/Superstonk/comments/o8pk79/what\_i\_see\_when\_i\_zoom\_out\_shout\_out\_to\_uayyyybro/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o8pk79/what_i_see_when_i_zoom_out_shout_out_to_uayyyybro/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +u/bah2o was awesome enough that they created a timeline of all the FUD campaigns we have seen up to this date, you can see the stuff they already tried to pull, it doesn't matter if these people who were part of this fud campaigns were trolls/shills/bots + +The important thing is just what was posted. + +Thanks u/bah2o for giving satori some more food to process 😉 + +&#x200B; + +# DTCC-011 + +[https://www.reddit.com/r/Superstonk/comments/o908v9/thought\_sausage\_my\_take\_on\_dtcc\_the\_011/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o908v9/thought_sausage_my_take_on_dtcc_the_011/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Here is a thread about the dtcc 011, join the discussion and lets see if we can all form some new wrinkles. + +My take on it so far is that the amendment was something along the lines of "cut off the foot to save the leg" kindof action, but what the hell do I know 🤷‍♂️ + +[https://www.reddit.com/r/Superstonk/comments/o7vfvs/dtcc\_update\_submission\_of\_rule\_filing/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o7vfvs/dtcc_update_submission_of_rule_filing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +# A pattern of memes + +[https://www.reddit.com/r/Superstonk/comments/o92cmg/i\_think\_i\_noticed\_a\_pattern\_a\_bunch\_of\_the\_meme/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o92cmg/i_think_i_noticed_a_pattern_a_bunch_of_the_meme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Good writeup about why certain stocks have recently perhaps been offering shares and others have not. + +It could be (imo) that some stock companies are doing an ATM share offering so that when legal action does indeed come they can't say "well we couldn't cover" can now be met with "nah bitch you had 10 million shares coming out in less than six months, you CHOSE not to cover". + +(yes I still hope they go after the SHF who do illegal shit with jail time). + +&#x200B; + +# Possible Crypto Dividend. + +[https://www.reddit.com/r/Superstonk/comments/o933f5/crypto\_hints\_being\_dropped\_in\_gmes\_prospectus/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o933f5/crypto_hints_being_dropped_in_gmes_prospectus/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Seems like we missed some stuff in the filings, thank god people like u/loggic found this. + +Give his thread a look they go over how they possibly could offer crypto dividend and other things my brain is to smooth to explain for. + +[https://www.reddit.com/r/Superstonk/comments/o94pad/why\_didnt\_we\_read\_the\_prospectus\_the\_reset\_button/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o94pad/why_didnt_we_read_the_prospectus_the_reset_button/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Another one by u/JustBeingPunny again focussing on the prospectus and possible "non traditional + +[https://www.reddit.com/r/Superstonk/comments/o91v8m/dividend\_other\_than\_cash\_taken\_from\_their\_filing/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o91v8m/dividend_other_than_cash_taken_from_their_filing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# GameStop's NEW 700,000 Sq Ft. Fulfillment Center in York, PA + +[https://www.reddit.com/r/Superstonk/comments/o83m79/update\_gamestops\_new\_700000\_sq\_ft\_fulfillment/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o83m79/update_gamestops_new_700000_sq_ft_fulfillment/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +# Insert bill and ted be excellent picture + +# 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. + +# I'm Ron Burgundy, stay classy San Diago + +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) + +&#x200B; + +&#x200B; + +&#x200B; + +Again sorry for no pictures but reddit is not letting me upload any, keeps telling me they failed to upload -\_- + +&#x200B; + +Edit 1: + +[https://www.reddit.com/r/Superstonk/comments/o9a2ty/dont\_get\_scammed\_by\_fake\_gamestop\_nft\_tokens/](https://www.reddit.com/r/Superstonk/comments/o9a2ty/dont_get_scammed_by_fake_gamestop_nft_tokens/) + +Because some people have pointed out that there may be some scammers out there, be careful with Crypto tokens, because unfortunately this is something that happens a lot in the crypto world. + +Tomorrow we'll be getting a DD from our Kiwi ape u/Lucent_Sable on Crypto scams/tokens. + +(seeing GME is offering a nft/crypto/token soon it's good to be informed about this so no one gets screwed) +Hello, this morning u/rensole did a request in his synopsis to analyse all the Failure-To-Delivers contained in the ETFs. So I made a Python script where I get all the latest FTD data from the 72 ETFs including GME. I will from now on post the FTD data for you apes. I hope you guys enjoy it! 🦍🦍 + +EDIT: Thank you so much for all your kind words! Love you all! ❤ Have a nice weekend! 🍻 + +&#x200B; + +March 2021, second half: + +GME FTDs = 14,031 (0.9%) + +ETF FTDs = 1,460,311 (99.1%) + +\-------------------------------------------- + +Total FTDs = 1,474,342 (100%) + +&#x200B; + +ETF data: [https://www.etf.com/stock/GME](https://www.etf.com/stock/GME) + +Failure-To-Deliver data: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +Cleaned FTD data: [CleanedData](https://github.com/NibbieHub/FailureToDelivers/blob/main/data/cleaned/GMEandETFsLast.csv) + +Repo: +(https://github.com/NibbieHub/FailureToDelivers) +hey, im currently trying to set up my TFN but am required to present three proof of identity documents which i am unable to do since 1) i have no parents and live with my older brother 2) my brother refuses to help me in anything saying im on my own 3) the internet has no information as to how someone in my position should proceed given said predicament. the reason for me need said TFN is so i can work and move out of a household where i do not get fed and/or paid for anything in the slightest, sorry if this isnt the right subreddit and if thats the case could i get directed to a better option? + +PS: my v key is slightly broken sorry about the title +PPS: Thank you for all the support! it means the world that this many people can give me there advice! im currently working on getting a copy of my birth certificate and have some friends who are helping me with food, taking this one step at a time and thanks again! +I am not savvy when it comes to IRAs or financial investments. We trade a little in the market, dabbed in cryptos, but besides employer retirement, I have nothing. +I don't want that for my children. I'd like to drop $1,000 or so on both my boys to help them when they are older. Maybe something they can add to as well?? Or is it better to just drop it and let it sit for 50 years? I appreciate any wisdom passed to me. +I’m 24 in my last semester of college and will be working full time at Microsoft doing coding. + + +I’ll have more income than I even would know what to do with and one thing I have been hearing to be “smart” with money is the potential to buy a condo early on in my life and sit on it. The reasoning is the amount that I would pay for a mortgage would be only about $1k more than what I would rent for a very nice 1 bed room in Seattle. + + +However, as I am new to this all I do want to make sure I use my money as efficiently and wisely as possible. I have about $25k in student loans and not that much credit card debt and I have paid off my car in full already. + +I am just wondering what the feasibility of this route is or is just better to rent and then take a mortgage for a nice house instead. I am also single with no dependents. + + +UPDATE: Thanks everyone for the advice! I’m meeting with another financial planner later today but I’ll tell him about what I have in mind and some ideas from this thread! +>“We now have a firm understanding of the resources required to pursue opportunities in gaming, as well as high potential growth categories like collectibles and pre owned businesses…[i]f a strategic asset or complementary business becomes available in the right price range, we want to be able to explore those acquisitions.” +- Matt Furlong + +Thanks /u/ImpressiveOkra for transcribing the quote for us. + +I've been listening to these calls for two years, and I certainly don't remember Matt mentioning something this exceedingly bullish in past calls. + +Am I taking crazy pills? That single sentence from Matt was far more interesting than any DRS psyops that are going on. + +-- + +And now a poem for all the kids + +Who DRS; we're in it to win it + +Can't have a short post; heaven forbid + +Good thing we have a character limit -.- +Comment on this post if you’ve bought the dip this week. + +If this post makes it into hot, then we can get a pretty good idea of how many shares we’ve accumulated this week. + +Imagine 20% of this sub has bought the dip. 140,000 diamond handed apes. At just 4 shares each we would have more than 500,000 more shares locked up THIS WEEK ALONE. + +Hedgies r fuk. +It's a legitimate psychometric test on money attitudes that I've found quite useful. It gives some insights that felt accurate. Disclosure: I do know the people who made this, but it's legit and I think useful for anyone who spends time thinking about how to manage their money. My money type is Optimizer! + +[https://www.quirk.money/](https://www.quirk.money/) +&#x200B; + +[Wut do?](https://preview.redd.it/8fn8dn5alpk81.png?width=680&format=png&auto=webp&s=fed22ccadd903fbed8a4d840f7c2ee9c82eb1fb0) + +Source: [https://www.reddit.com/r/Superstonk/comments/t3x2z0/we\_are\_unstoppable/](https://www.reddit.com/r/Superstonk/comments/t3x2z0/we_are_unstoppable/) + +All credits to u/einfachman AKA u/healansonfiree + +🚨WARNING : This Reddit account will be deleted at midnight \[12 a.m, Pacific Standard Time\] + +This is einfachman. I impulsively deleted my original Reddit account several months back, due to serious threats against me. I regret that, but that's all in the past. My time on Reddit is no more. That doesn't mean I don't want to help the Ape community. I love you guys, and I have been trying really hard to find a way to share this DD with all of you. I tried creating a new account, but was shadow banned every time I tried to message or comment to an Ape to share this DD for me \[Reddit algo thought I was a spam bot\]. So, I bought this aged account from some website today for the sole purpose of posting this DD. I'm not interested in having an account on Reddit anymore. I still lurk from time to time, but right now I just want to publish my DD, and head back into darkness, where I don't have to deal with getting threatening DMs against me and my family. This account will be deleted at midnight, PST, so please, I would very much appreciate it if an Ape could save this post and copy and paste it on the sub, so that it's in the records and doesn't disappear after this account gets deleted. Thank you very much, and see you all on the moon. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +My post: + +Einfachman here, back from the grave. It’s been a crazy year so far, and there’s very essential information I don’t see in the sub that needs to be addressed. This DD will be going over a variety of topics, but it all boils down to 1 point: Apes are unstoppable. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Recommended Prerequisite DD: + +1. [The Numbers Are In: Mountains of GME Synthetic Shares & Mathematical Proof : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/) +2. [Are Citadel Client's Leaving? Is This Why Citadel Is Losing It? : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/pze6e3/are_citadel_clients_leaving_is_this_why_citadel/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +We Are Unstoppable + +§ 1: Relentless Dip Buying + +§ 2: DOJ and DRS + +§ 3: The Price Suppression Quandary + +§ 4: Geometric Mean + +§ 5: The GME Community At-Large + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +§ 1: Relentless Dip Buying + +If you read my past DD ([The Numbers Are In: Mountains of GME Synthetic Shares & Mathematical Proof : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/)), you’ll know that my conservative estimates where that, as months would go by, average shares would slowly lower to 150 shares/Ape from 160 \[and I still used 140 as a conservative number in my calculations to ensure that I would have hard proof of synthetic shares in my extrapolations; hence, the results in my DD have been strongly solidified over time\]. Average shares per Ape, according to DRS Bot, did decrease slowly, as I predicted; however, it rose back up to around 160 shares/Ape (159.85 as of February 26). + +https://preview.redd.it/9ljpv4c6dpk81.png?width=1292&format=png&auto=webp&s=fb1dfa5dc1760597b76ff9b9eb2ef40f9f4dc1d4 + +This is curious, because on November 29, the average shares per Ape were 151.1 shares/Ape. But the price of GME was $200+ at the time. + +https://preview.redd.it/n39n7o77dpk81.png?width=1292&format=png&auto=webp&s=1de6926b2a0377a37e90213948e6aa99f1099f21 + +Just as I predicted, the average number of shares per Ape was slowly decreasing for consolidation around a 150 average. However, the price dropped significantly since then. It now stands at $118 today. If Apes were selling, as MSM and shills are implying, then we would reasonably expect new DRS Apes to be lowering the average, as they would not be DRSing at an average of 150 shares/Ape anymore. The inverse is the case—the number of shares/Ape has steadily increased to where it is now (Approx. 160 shares/Ape). What does this mean? Apes are legitimately buying the dip, and since the price is much cheaper now, they can afford much more shares to DRS. Therefore, Apes are defacto buying the dip. This can also be reflected on Fidelity’s 9:1 Buy/Sell Ratio when the price was hitting local minimums for the month of January: + +https://preview.redd.it/hrbfpl08dpk81.png?width=1173&format=png&auto=webp&s=7ac46657ad6d5dac14cb655968ee42ff1474eeaf + +This brings us to the question, why has GME dropped significantly? + +The answer is simple. SHFs have thrown everything they had at us the past months, so much so that all the indicators went from near all-time lows to exponential increases to yearly all-time highs. + +https://preview.redd.it/hjufvnp8dpk81.png?width=2586&format=png&auto=webp&s=40012ec0856c47f0a52fe5d6a05e485b4a5c3319 + +The last time utilization (percentage of shares available to borrow that have been lent) was at 100% was pre-January run up. Ever since January, 2021, utilization slowly decreased…up until December when it started skyrocketing. As of now, we’ve been at 100% utilization for 2 weeks. + +As you may know, GME has been listed on IBKR’s Hottest Shorts since February, and every week that has gone by, GME short ratio on their website has been increasing significantly: + +https://preview.redd.it/tayj5rk9dpk81.png?width=1934&format=png&auto=webp&s=f2eecc637e0fdb58e4be9f06fc848631c6ea1271 + +These are all signs that SHFs have been throwing everything they have at Apes these past few months, explaining the heavy downward pressure on GME’s ticker price these past months. Despite all their efforts, Apes have only been buying the dip and accumulating more shares to DRS. + +I should note that it is possible that indicators are also increasing due to the ongoing DOJ investigation into SHFs, as now SHFs can’t be as careless with synthetic shorts and illegal activity to manipulate GME’s price. But, this would also explain why they’d want the price so low. Now that the DOJ is watching them, they have much fewer options to suppressing the price without illegal activity drawing the attention of the DOJ. So any run up, similar to the June run up, may be the last. + +§ 2: DOJ and DRS + +I stated this before in my past DD ([The Numbers Are In: Mountains of GME Synthetic Shares & Mathematical Proof : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/)): + +“I expect the closer we get to locking 100% of the float, the stronger the pressure the government will feel to taking initiative themselves, as once the float is 100% locked, there's no going back, and the entire world will witness the synthetics shitshow that will reveal itself and completely undermine the market's regulatory bodies. Moreover, as we also get closer to locking up the float, shorting GME back down will be a lot more costly and difficult for SHFs to do, which is why it's highly likely to me that the MOASS will start before the entire float gets locked up.” + +Well, according to computershared.net, about 43% of the float has been locked by Apes already. And 73% of all outstanding shares have been locked and registered. 73% of all outstanding shares locked is already enough to warrant a response from the government. + +I highly doubt the government will stand idly by while 100% of the float is locked and the curtains of fraud in the market are lifted for the world to see. GME isn’t some penny stock. It’s listed on the NYSE; its market cap practically makes it a blue chip stock. If the world sees how brutally manipulated GME is, it will create lasting economic damage, reverberating into each financial market. If common folk don’t trust the market anymore due to all the fraud and corruption, they’ll pull out their investments. ‘Investments’ being a variable of which GDP is contingent on \[GDP = C+I+G+NX\], it’s safe to say there will be long-term damage to the U.S GDP due to risk averse behavior prompted by domestic and international investors upon witnessing the blatant corruption polluting the market. + +**In other words, this is a legitimate national security issue.** + +Which is why the government is getting involved. So, if the DOJ’s data scientists project that the float will be locked within 6 months, they will initiate MOASS before then. If they have to shut down Citadel and force them to close their positions before the float gets 100% registered, they will. Right now the situation has gotten too big for them to ignore and these SHFs pose a national security risk to the government. + +§ 3: The Price Suppression Quandary + +This dilemma didn’t start until Computershare started becoming popular among Apes. I call it the price suppression quandary. Ever since Apes have begun to DRS in mass, the countdown to MOASS has started. The MOASS can no longer be can kicked indefinitely. This is due to the following conundrum: + +If the price of GME exceeds a certain point, margin calls will ensue, starting a snowball effect which will lead to MOASS. The more they short, the more money they lose, the more margin requirements pose a problem to them, and the more they will need a lower price. + +Now, if the price of GME declines too low, as I’ve demonstrated in “§ 1: Relentless Dip Buying”, Apes will double, triple, quadruple, etc., their ability to buy up the float and register it. + +Example: Let’s say, at the price of $120, it will take 10 months to lock 100% of the float. If SHFs decrease the price to $60, it will now take 5 months to lock 100% of the float. $30? 2.5 months. $15? A little over a month. By taking the price down so much, they effectively accelerate their demise, which is why they need a higher price. + +This is also not including any outside entities purchasing the dip (e.g. institutions, pension funds, or even angel investors, such as RC, Musk, etc.). + +Thus, they have no other alternative than to do their best to keep the price in the middle to, as financial terrorist, Kenneth Cordele Griffin, best said it, buy 1 more day. + +Note: there is 1 additional factor that may accelerate the removal of margin from Citadel that should be taken into account as well, which I brought up here: [Are Citadel Client's Leaving? Is This Why Citadel Is Losing It? : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/pze6e3/are_citadel_clients_leaving_is_this_why_citadel/). Considering the DOJ investigation into short sellers (including Citadel), it would possibly make it easier for clients with decent exit clauses to withdraw their funds from Citadel, since they have reason to believe their investments could potentially be misused for fraudulent purposes. Hence, the price suppression quandary only becomes even graver for SHFs going forward. + +§ 4: Geometric Mean + +MOASS is inevitable. There’s no getting around that. But, there are some (most likely a mix of price anchoring shills and misinformed Apes) that don’t believe that when the price begins rocketing off that GME can in fact hit prices in the millions. The main argument is “how can it hit $100 million when GameStop would be worth quadrillions, and the world economy is only $80 trillion?” That argument is invalid and mathematically flawed. + +Firstly, anyone saying that the payout will be in the quadrillions is assuming that every single one of us will sell at the exact same price…at the exact same time. This is nonsensical. + +To better illustrate what will actually take place, I will use a simplistic model, such as the bell curve: + +https://preview.redd.it/tkgz1fradpk81.png?width=952&format=png&auto=webp&s=f541904c5b664921ff50af868c74a4d07b3c601f + +As the price starts to take off, you will have your common paper hands selling at $20,000, $50,000, $100,000, etc. After all the paper hands are gone, SHFs have to buy back shares from the Diamond Hand Apes, which will be the hardest to obtain. These are the Apes that will refuse to sell no matter what. This is what could take the price up from $500,000 straight to $100 million for a few days (which, by the way, is why I say in my past DD that it doesn’t matter if 90% of GME investors paper hand, its because the final millions of shares SHFs will need that will drive the price up past the millions easily). From whatever peak, such as a brief stop at $100 million, the price could drop back down. There will be paper hands that practically gave their shares away for free, Diamond Hands that valued their shares at $100 million, and people like RC that decided to either HOLD or HODL, refusing to give up their shares at all. + +The geometric mean measures the compounding effect of numbers. Simply put, it’s the average of exponential growth. + +https://preview.redd.it/wotrld9bdpk81.png?width=1173&format=png&auto=webp&s=f2a476dba56acf1949d6847c00a2d4059d76ab0e + +Calculating the geometric mean of a $100 million GME price from an initial price of $120 using the formula above give us an equivalent price of approx. $109,545, and a payout of around $8 trillion. + +We can also assume that GME’s price, after hitting $100 million, could drop and consolidate around a fairer price than $120, such as $30,000, which would place it among the big tech stock market caps. The geometric mean would put us at an average payout of $71,000 per share and the payout from DTCC would only be around $5.41 trillion. + +Here, the payout is much smaller, because with the price consolidating around $30,000 after hitting $100 million, many Apes still kept GME shares, so the overall payout wouldn't be as large. + +Outcome #2 is more likely (GME hitting $100 million and consolidating around $30,000 when dropping instead of dropping all the way back down to $120, because we’re only at $120 due to heavy manipulation to begin with), so the DTCC has way more than enough money to pay out around $5 trillion. + +In other words, yes, a $100 million GME price can be achieved, but the average payout per share will be approximately around $70,000-$100,000, and DTCC insurance will only end up covering around $5-8 trillion. $8 trillion isn’t much when they can cover up to $63 trillion. Anything not covered by DTCC will get handled by the FED. Hence, an extremely astronomical price is more than mathematically possible. + +§ 5: The GME Community At-Large + +I brought this up before ([The Numbers Are In: Mountains of GME Synthetic Shares & Mathematical Proof : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/)), but didn’t take the time to elaborate. I strongly believe there’s at least 5+ million GME Apes. + +To reiterate what I previously said in my last DD: “αmc Apes were informed by CEO Adam Aron that there were 3.2 million Apes within the U.S & Canada alone. + +In early June, they were informed that the numbers were 4.1 million Apes (worldwide). \[The data was recorded on June 2nd and released on June 9th\] (twitter.com/ceoadam/status/1402723600398946306?s=21) + +Since this was the number of Apes for αmc, and since both stocks are similar in many respects to the Ape community, we can deduce that in June, there were 'at least' 4.1 million GME Apes (highly likely the number was floating around 5 million). + +This was almost half a year ago, mind you. There has been significant and consistent growth every week since then, within this sub, social media platforms, etc. I can't use June data in my analysis, as it would be considered obsolete. Furthermore, I am confident that the real number has increased substantially since then. + +This is the growth in members Superstonk has had since its inception: + +https://preview.redd.it/paonor4cdpk81.png?width=1374&format=png&auto=webp&s=ff317dd3d42c3d0011bebfb3ccb36ab4f6efc1f2 + +Consistent organic growth from new Apes as of June-forward + +Superstonk had about 400,000 members in the beginning of June. As of today, it has approx. 690,000. That's an over 70% increase from when 4.1 million Apes were recorded. If we were to apply these percentages to the 4.1 million, we'd come out to 6.97 million Apes. We could say that half of those new users were a combination of shills, alt accounts, etc.; however, that would still leave us with approx. 5.5 million Apes, up 1.4 million from June, which would be a conservative estimation for growth within 6 months. + +I honestly believe there's way more than 5.5 million GME Apes worldwide (e.g. in Hong Kong alone, there were 900,000 GME Apes trying to vote 6 months ago, just to give you a perspective of the numbers we are dealing with), but let's work with 5.5 million, as a conservative approximation is favored to ensure the results aren't overstated.” + +A few things that I’d like to add: + +The number of GME investors on Futu has increased from 900,000 to 1.2 million as of now (30+% increase). + +Furthermore, I would like to elaborate on my previous statement regarding deriving the number of GME Apes by using the number of αmc Apes. We have definitive proof that in June there were 4.2 million αmc Apes, yet their largest community on Reddit is much smaller than the largest GME community. The largest GME community is about 60% larger than the largest αmc community. This comparison can’t be ignored. + +Both stocks have an almost identical market cap, very strong Ape community that share the same ideals, etc. It’s reasonable to infer that GME has millions of shareholders as well (I believe it’s easily 5 million). So, when some Apes tell me GME doesn’t have millions of shareholders, I find it quite puzzling that they would think that. + +If you look at the SEC Report into GME, you’ll see on page 20 they state that on January 27, 900,000 accounts alone were trading GME. This was over a year ago, mind you, and it didn’t even include anyone that only held GME on that date, not just traded. Meaning that there were likely already one or two million Apes in January, and the number has only increased since then to around 4 million in June, and definitely at least 5 million now, if not much more than that, but I’m going to keep the numbers conservative. + +With all said and done, what can we infer from this? There are easily well over 5 million GME Apes. A rule of thumb I learned in the past is that normally only 1%-10% of viewers end up upvoting a video (on YouTube or elsewhere). You can test this for yourself when you ratio video views online to likes. If we apply the same rule of thumb to Reddit posts, you might see 30k upvotes on a SuperStonk post, but the actual post was viewed by anywhere between 300k-3 million people. You don’t need a Reddit account to check out SuperStonk and you’d be surprised the amount of people that just lurk around Reddit without even an account, but I digress… + +The point is that the 741k+ SuperStonk members are just a fraction of the vast number of GME Apes out there. I’m sure there are many of us that have friends and family invested in GME that aren’t engaged in SuperStonk, many that don’t know about DRS that we could reach out to and spread the word. I believe there’s hidden communities out there, like Futu with over 1 million GME Apes, where we could send out envoys to provide them with strong DD on DRS and the importance of registering shares (perhaps these hidden communities are on other social media or trading platforms as well, similar to Futu), but if we can tap into them as well, we could potentially increase the rate of DRS’ed shares by a sizable margin. + +Nevertheless, taking all this information into account on the high likelihood that there are well over 5 million+ GME Apes out there, SHFs literally can’t compare to our power. If Apes had their own country, it would be larger than 100+ countries by population-density. It would also be larger than the entire U.S military, or any military in the world. + +We have some of the brightest minds researching, working days and nights to provide us strong DD and reinforcement. Among our ranks include: doctors, lawyers, economists, artists, professors, psychologists, accountants, engineers, people of all sorts of backgrounds providing valuable information, intellectual capital, and significant support towards GME and restoring actual fairness and transparency to the market, while forcing our government to hold hedge funds accountable for their gross negligence to our economy. + +This is what SHFs have been up against. And patiently waiting over a year for our tendies has only emboldened us, made us stronger, more resistant from MSM gas lighting and shills, more stoic upon seeing hard volatility and manipulation with the GME ticker price, more focused on registering our shares despite all the attacks and fear mongering to scare Apes away from registering. We came in like amateurs, and evolved into iron strong Navy Seals… and it’s beautiful. + +No matter what SHFs throw at us, no matter how many times they get Cramer to go on CNBC and bash GME, no matter how much drama or forum sliding they pump out, no matter how many shills they send to our communities try to divide Apes or scare them away from DRSing, we will never be subjugated. No matter what they do, we are unstoppable. + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +Additional Citations + +Hoehn, L. and Niven, I. \`\`Averages on the Move.'' *Math. Mag.* **58**, 151-156, 1985. + +Morrow, K., 2020. *DTCC Launches Pilot Program for New Insurance Information Exchange (IIEX) Platform | DTCC*. \[online\] Dtcc.com. Available at: [https://www.dtcc.com/news/2020/november/23/dtcc-launches-pilot-program-for-new-insurance-information-exchange-platform](https://www.dtcc.com/news/2020/november/23/dtcc-launches-pilot-program-for-new-insurance-information-exchange-platform) \[Accessed 27 February 2022\]. + +Sec.gov. 2021. *Staff Report on Equity and Options Market Structure Conditions in Early 2021*. \[online\] Available at: [https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) \[Accessed 27 February 2022\] (pg. 20) + +# Additional Commentary by Einfachman/healansonfiree + +# [https://www.reddit.com/user/AzureFenrir/comments/t3zc8v/einfachmans\_commentary/](https://www.reddit.com/user/AzureFenrir/comments/t3zc8v/einfachmans_commentary/) + +# [https://www.reddit.com/user/healansonfiree/comments/t3usrd/reminder\_that\_shills\_exist\_in\_the\_sub\_get\_paid/](https://www.reddit.com/user/healansonfiree/comments/t3usrd/reminder_that_shills_exist_in_the_sub_get_paid/) + +# Does DRS remove shares from DTCC Cede & CO? (by u/MommaP123) + +# [https://www.reddit.com/r/Superstonk/comments/t39lu1/that\_fast\_contract\_yeah\_it\_doesnt\_say\_what/](https://www.reddit.com/r/Superstonk/comments/t39lu1/that_fast_contract_yeah_it_doesnt_say_what/) +Aside from having an emergency fund, of course. + +Are there certain purchases, investments, or expenses that are more appealing, for example? + +Interested to hear from others that have weathered some storms! +I know this is old news, but just in case I thought I'd post a warning. + +Yesterday I noticed a pending charge for a single penny from something called "Cprint LA". Naturally I was curious so I googled them and it's apparently a textile printing service, which I would have zero business with. + +So I went ahead and blocked my card intending to notify my bank when I had a break from work. Work got busy and I just kind of forgot about it. The next day I received a text from my bank informing me that my debit card was denied a transaction in the amount of 2500 dollars for a company called "Nebotools" because my card was locked. Coincidentally, that's the maximum purchase allowable without calling the bank first. So I went ahead and cancelled my card and ordered a new one. + +I'm not sure if the current state of the economy will result in increased scams, but keep an eye on your accounts. If your bank has the option, I'd recommend setting up text notifications for every time your card is used. That way you'll know immediately if someone uses it. +The truth is, nobody knows - especially those who are short Gamestop. It has never happened before in the history of the stock market. + +What we *do* know, however, is that if the entire free float is directly registered and people still have shares in their brokerage accounts, there will be **irrefutable proof** of egregious naked short selling that has resulted in more shares existing than were legally issued by the company. + +This is what scares them - Gamestop shareholders are on a path to proving, once and for all, that the ‘cOnSpIrAcY tHeOrIeS’ are really conspiracy facts. + +The reason I felt compelled to write this is that there has been a noticeable uptick recently in the sentiment (organic or otherwise - I expect not) that DRS isn’t doing anything because, although we are DRSing, the price is still going down. + +This is a red herring - we know that liquidity can be created by market makers through naked short selling and various other fuckery in the derivatives markets, and they will continue to create that artificial liquidity in order to drive the price down right up until Gamestop confirms that the number of shares directly registered is equal to the free float. + +After that, all hell breaks loose. + +Let’s fuck around and find out. + +**Buy. Hold. DRS.** + +Edit: Yes, I’m aware of Robert Simpson, and as far as I’m aware he purchased the entire float of Global Links *through a broker*, in 2005, out of the wider public eye, and without a year’s worth of prior press on the company in question. + +Plus, the only source I’ve been able to find linking that case in any way to DRS is one single huffpost article claiming that he ‘kept the shares in his sock drawer’ - which, given the fact the float was 1,158,064, seems wildly implausible. Every other source I’ve found states that he purchased *via a broker*, and his shares were delivered *into his brokerage account* the next day. + +Funny how insistent some people are that DRSing the whole float is pointless, despite the fact that the board of Gamestop took the almost unprecedented step of publishing the number of Directly Registered shares in their last quarterly report… +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +**First Things First, What Is A Synthetic Covered Call?** + +For those of you who don't know what a synthetic covered call is I will briefly explain using SPY as an example. + +To execute a synthetic covered call (SCC) you buy a long-dated option, it works best with leaps in my experience, and sell an option with less DTE for a premium. If the stock price goes above your short call then you cover your position with your long call. If not you rinse and repeat. However, it is generally not profitable to let your short call expire in the money because the LEAP will have cost way more than the premium and differences between strikes. So we buy back the short call before it is in the money. Now you might think that since you had to buy back the short call for a loss that you lost money on this trade, but actually you'd be wrong. The spy LEAP we are long should have gained more value than the short call because they have almost no theta decay. So if the price of the stock moves up we remain profitable as long as we don't let our short call expire in the money. But let's think about what would have happened if the stock moved down? Well in that case the call we sold expires worthless and we get to keep the premium. Then the next week we can sell calls against our LEAP again. However, if there is a downward movement in the stock price than our LEAP is going to lose value as well. This is why you should only perform this strategy on a stock you are long term bullish on. (pretty much the same criteria that apply to searching for stocks to wheel applies here.) Much like in the wheel, our covered calls constantly reduce our price basis + +Let's walk through an example on SPY. Spy is currently 309.10 The SPY January 2021 309 call is 20.99. The .30 delta strike for this Friday is 1.48. This means we can long the LEAP and short the 315 strikes for a net debit of 19.51. The best-case scenario for us would be for SPY to end the week at 314. If this happens we will get to keep the 1.48 premium we received and our LEAP will be worth approximately 23.73$ leaving us with a net profit of 1.48 + 2.74 = 4.22. Leaving us with a 21.6% return on our risk. (Our risk is 20.99 - 1.48 = 19.51) The worst-case scenario would be if SPY took a deep nose dive. In this case we would have to sell calls to reduce our cost basis much like you would on a wheel. However, since we are long term bullish on SPY (one of the requirements for this strategy) then we won't mind holding the LEAP and reducing our cost basis until SPY recovers. + +**Why Use a SCC over a Covered Call Strategy?** + +I will again use our SPY example to demonstrate why the SCC is better than the CC. In our example, the max risk on the SCC was 1,951$ while if we were to use a covered call strategy we would have to risk $30,900. The max gain for a CC would be 315-309 = 6 + 1.48 = 7.48. Which is a 2.4% return on risk. Much less than our 21.6% return on risk for the SCC strategy. Now if you're really insistent on using 30,900$ on a SPY play then we really see how the SCC outperforms the CC strategy. You can perform approximately 14 SCC with the same capital as a CC. If the stock were to expire at 315 for the CC strategy you would make 722$ while if it were to expire at the 315 strike in the SCC strategy assuming you brought back the contract at 315 you would make approximately 111$ per spread \* 14 spreads = 1554$. + +**Managing A SCC Strategy** + +Rises in implied volatility are one of your biggest threats with this strategy. Performing this on something like SPY that is trading like a pharmaceutical company right now can be extremely risky because it can gap up 10$ or down 10$. Rises in implied volatility will also make it more expensive for you to buy back your short option while the price of the long option will stay roughly the same. When performing this strategy you want either falling implied volatility or volatility that is staying the same as when you sold your call. To combat this you need to be aware of the news surrounding the company beforehand. Don't play during earnings or other high IV events. If you are caught by surprise with rising IV it is best to buy back your short position and either hold your long position until IV decreases, sell your long position, or role your call to a higher strike. + +Another thing to be aware of is a drop in the price of the underlying. If this happens and you are still long term bullish on the stock just sell more calls to reduce your price basis. If this is happening because of a change in the fundamentals of the company you want to close your position as fast as possible. (If this happens it may be tough to find volume on your LEAP so be aware of this.) + +**Some Extra Notes** + +All option prices were calculated using a Black-Scholes model adjusted for dividends. + +When calculating the profit points of the short option I didn't account for theta decay. Obviously, if the stock is at 311 and you sold your call for the 315 strike then your profit would be higher with one day to expiry than 5 days to expiry. + +I also assumed you would hold your options till expiry in both cases, but pick your profit point and take profits. Taking profits at 50% is a long term profitable strategy, but everyone has a different risk tolerance so do what is best for you. + +This is not financial advice. + +As far as I am aware you cannot perform such a strategy on Robinhood you'll need to use a real broker. :) + +If you made it to the end congratulations! + +Feel free to ask questions or share your opinions in the comments. + +Edit: Fixed acronyms + +Edit 2: I was informed this is more accurately called a Poor Man’s covered call. A synthetic covered call would require a short put. Sorry for any confusion that may have caused. + +**TLDR:** Synthetic covered calls are 1000x better than covered calls. +As indicated in the title, I own a large commercial building in a desirable "*Heart of downtown*" location and would like to connect w/ Gamestop and donate my entire second floor area for "Experimental NFT usage". Basically, Beta NFT concepts, in a real world setting. + + + +We all know NFTs are faaar more than Monkey JPEGs. We also know that blockchain, NFTS, & Brick&Mortar are beginning to intertwine. Digital and Real World are becoming blurred together. We are still in it's infancy as to what is possible... + + +**...And I want this space to be the GUINEA APE to any Real Life NFT ideas Gamestop may want to beta test. Let's Get Weird.** + +***Potential Ideas:*** + +NFT Barcade + +Interactive Art Gallery + +...Or whatever weird/new/beta concepts Gamestop would like to try. + + + +**About the Space:** + + + +[Layout Diagram](https://i.imgur.com/JTtlgIA.jpg) + +* The space is approx 5,500 SQFT. It's quite literally a blank canvas. Open concept. +* It's located on a second floor. Has multiple entry/exit points and ADA elevator access. +* Located in the Heart of Downtown on "Main" Street. Heavy Foot traffic. +* Minnesota Location. A college town (3 colleges). +* Building has multiple other retail stores including a high-end bar/pizzeria, gym, and other retails stores. +* GameStop would have the entirety of the second floor to themselves! + + +Not sure who to contact in regards to Gamestop, but if anyone has any further info/connections, should shoot me a PM. Also, any Architects, Interior designers, or RE Lawyers... that could help in anyway in regards to brining this to fruition, would be amazing. + + +*HODL. +DRS. +FUK YOU KENNY, PAY ME.* + + +EDIT: +https://twitter.com/gold_flake222/status/1541641240831213570?s=21&t=VqnYtsbG8NCJOI4N7oJ9Tw + +You guys know what to do 👆 +Verified account. US account. I've wired tens of thousands to it before. Suddenly, a $50,000 wire is still not credited with no resolution or support from Coinbase. It's been 3 weeks. + +Check my post history. I've sent wire documents, had the bank trace the wire (Coinbase has the money), forwarded these documents to Coinbase support, and still get no help. I request a direct contact number for support, no reply. No help through phone support. I'm pretty much getting a "kick rocks" treatment by Coinbase. + + +Everyone thinks this kind of stuff won't happen to them until it does. + + +EDIT: Upvoting for visibility would be greatly appreciated. Perhaps then someone from Coinbase can help resolve the issue. Thank you. + +~~Edit #2: Case 3077489~~ + +Edit #3: **Woke up to a reply from support and the money in my account! I love you reddit. I hope Coinbase can fix their support system soon so this stuff doesn't happen, and when it does there is at least a steady line of communication regarding the status.** +Today I paid off my credit card debt. Or my douchebag debt as I like to call it. I was married to a man who was severely bipolar, who constantly spent money we didn’t have. We spent 8 years together and during that abusive relationship, I thought I was bad with money because somehow I ended up with $11000 owing on a card with a $9000 limit, on top of a multitude of other debts that would get docked from my pay, or from his. We never had anything, lived in a shitty, moldy flat, and he regularly racked up parking fines, speeding fines, fines for no warrant or registration (he once managed $600 in fines in an hour). Rent would somehow not be paid when he was asked to pay it, until the landlord would ring me. And then he would come home with $400 headphones and tell me they were $30. Or new speakers for his ‘DJ business’. I was constantly cleaning up and paying the bare minimum on debt. I never got to spend a thing on myself. + +He walked out on me 3 years ago, leaving me to pay rent and all the bills on my own. Didn’t give me anything. Claimed bankruptcy for himself when I tried to get him to pay. I was left with $9000 on the card, plus other debts because things ended up under my name – even though he was supposed to be the one paying. I was stupid. But he left, and even though I had over $16000 in debt to pay I was free. Every week I paid off a little bit– religiously. And even though I had $5 left to my name each week, my debts were getting paid, my bills were paid. My power didn’t get shut off like it did when we were together. And that was on my meager salary. I was doing better than I was when there were 2 salaries. + +So today I paid the last of it. It’s gone. And I have an amazing partner who has convinced me of my self worth, and I’ve discovered I’m actually good with money. I just made a really bad life decision. + +Side note- he’s now gotten his new partner into over $60 000 debt by managing to convince her to start a business that failed within a year. + +Edt: Wow. Just wow. Thank you so much for the awards and amazing comments. I never thought this would resonate so much with other people. + +I want to clarify about the bipolar though - I never blamed the bipolar. He got diagnosed near the start of the relationship and we spent years trying to get him to a place of stability. He was on medication, and in therapy until they deemed him 'well enough'. He was diagnosed as severe, high functioning bipolar 1 with mutiple manic episodes per year. + +The spending was only one very small part of the shit he did unfortunately. But I stayed because you don't ditch someone just because they're sick. I also stayed because I didn't think I had enough money to survive on my own. All the things he did are things that happen due to bipolar impulses. At the end of the day though, he didn't want to put the hard work in anymore, he enjoyed the manic feeling. So he left. And I realized he's an asshole with bipolar. + +I 100% believe people with bipolar can lead stable, + happy lives. But the hard work has to be put in. + +(The name douchebag actually came from me needing something to call him when I met my current amazing partner - they both have the same first name!! So naturally the debt gained the name douchebag debt. I advocate for giving your debt a name though - it makes it more of a solid thing you can chip away at) +Even if you’re just starting out trading you can make 2020 a successful year for yourself. + +Consistently profitable trading comes down to one thing and that’s **DISCIPLINE**. + +You need to have the discipline to hold yourself **ACCOUNTABLE** after every trade no matter what the result. Admitting that you probably risked too much on your last trade is a huge step, it begins to remove ego and replaces it with forward thinking. + +You need to have the discipline to **REFLECT AND JOURNA**L every single position you take, the only way you can improve something is by reflecting on what you did and whether it helped progress your results or whether it held you back. Also, keeping a journal will allow you to see how far you've come and where you started, looking back on times you didn't know as much as you did now will put fuel back in your tank when you feel like quitting. + +You need to have the discipline to **SHOW UP**. Show up every single day and make the best decisions you possibly can and your results will change faster than you know it. + +**Study the charts every single day**, seriously put some hours behind you and your brain will click into place with the market, but only if you’re correctly backtesting and reviewing both your profits and losses efficiently. + +*Psychology and Structure* + +**To be consistent in the markets you have to be consistent in your daily life**. You can’t roll out of bed late and expect to be an absolute God when trading, you need to be disciplined and your life needs to have structure. **Start by making a daily routine**, instead of waking up and not allowing a few minutes for your mind, meditate or do yoga instead. Trading is all mind based, if your mind isn't in peak performance neither will your results. + +If you find it hard to not watch the charts constantly when in a trade reduce your lot size for a few weeks until you feel comfortable, this will work wonders on your psychology since you’re not concerned about risking too much. + +**Always make sure to take a break**, don’t listen to these fakes on social media who post that they're always working, they're not. Taking breaks is how you progress and ground yourself, your brain can’t work at peak performance if you're slamming in hours and hours of straight working, just take 20 minutes every now and then. + +And finally, **don't listen to anyone who says a certain way of trading doesn't work**, they ALL work if implemented correctly. + +Good luck in 2020. +29 year old female, living in Los Angeles + +Sold a business earlier this year and combined with some other money I had from earlier investments, now have $3.5M post-tax, liquid cash. + +I live with my bf, no kids, love our apartment that we split ($6k per month rent between us). No other notable investments or overheads. + +*NOTE: I did just put $3M into t-bills as it felt like a way for the cash to do something for me whilst I figure out what to do. But obviously this is completely liquid as and when I need it.* + +**My lifestyle:** + +I like living in LA... I spend money on meals with friends, buying clothes, exercise & wellness and going on vacation two or three times a year. I think I could quite easily live on $200k per year, but maybe $250k would be more suitable as I do have the occasional splurges that i'm probably not factoring in. + +**My mindset:** + +From a career standpoint, i've definitely got a few battle-scars from many years running high pressure start-up businesses... off the back of that, I had contemplated trying to find a way to make the $3.5M cash flow me ⁓$200k pa "passively" which would pretty much cover my lifestyle allowing me to retire and chill out - but after doing a lot of thinking this year i've come to the conclusion that I don't want to opt out of the ratrace right now... I still have more energy left in me and I feel excited about starting another business. + +Therefore, my plan is to start another company, most likely VC backed, which I will be able to build out over the next 3, 5 or even 10 years... I have a bunch of ideas already, but let's save that convo for another day. + +The **practical** benefits of starting another company to *me personally* are as follows: + +1. Keeps me busy and stimulated +2. Gives me a sense of purpose +3. Provides me with a salary (maybe a modest one to begin with) +4. Gives me exposure to big upside that I wouldn't get with a job +5. VC backed means that get all of the above upside without risking my own money + +So with the above in mind, my current thinking is I would like to find a way to invest the money I have in my bank to just grow and mature whilst I live on the income from my next business and continue to build. + +In essence, I don't need nor want to touch the little stack that I have made. My assumption is I will have to carve out $200k or so as a cash runway to last me a year whilst I get my next business going, but the remaining $3.3M can be left alone. + +I've read Bogle's Little Book of Common Sense Investing (amongst other books/materials often recommended here) and my default approach will be to just buy into low cost index funds over the next few months and then just try to check the prices as little as possible! + +Side-note: I do question the dogmatic certainty that surrounds the index fund approach - Michael Burry recently warned against an Index Bubble... I think is healthy to question the unwavering belief that the Bogle approach will return guaranteed wins over a long term horizon. + +But with that said, I don't really have any other ideas so will most likely go down the low cost Index Fund approach anyway. Real Estate sounds like a pain in the ass, I don't want to manage tenants or even deal with the managers that would manage tenants on my behalf - but I suppose I could have my mind changed. + +Thank you for reading this far. I would love to hear any counter views, suggestions or ideas around how I should invest my cash or honestly any other aspects of my "plan" in general. + + +EDIT: My FIRE objective is to land somewhere in the region of $6-$20M NW within the next 10 years. + +M + + +I'm 59 and spouse is 62, no kids, no debt, 3.2 million in the bank, house is paid off and somewhere in the 600k range in terms of equity.Not exactly big time fatFIRE+++ but I'm posting this more as a reality check and because I am at my spouse's annual work retreat where everyone is now hearing about retirement...so it's REAL. We aren't necessarily retiring "early" but had planned on maybe 3-5 more years of work, but professional frustrations (categorized under "being over it") as well as some unexpected personal losses (friends and family passing at what seems to be an early age) just made us realize that it's time. We are not unprepared - we have done countless budgets, are both well educated and understand financial forecasting, and have put our financial advisor through the paces multiple times. + +I'm now at that scary (for me) point if giving notice to my employer. But as I type this, I am on a balcony overlooking the Pacific, as opposed to my work cubicle (which looks out at a parking lot and a couple dumpsters). + +What am I worried about? Our biggest expense is going to be health insurance (no surprise there) and obviously without LTC coverage that's a huge risk. An overall financial downturn would hit our investments. And these are the "known knowns". I am trying to educate myself by reading a book on Thriving in Retirement as a Couple which is well written and talks about the psychological and social and physical aspects...because I think for us, we spent all our time wondering if the financial stability was there. + +I just want to thank this reddit community for insight and support over the last couple years as I have gotten my thoughts (and finances) in order. + +Thanks for listening to my TED talk +Basically what the title says. + +Once upon a time, I had a BA in a social science field that was getting me nothing but low-paid jobs, and I would have needed to go to grad school to ever have a real chance of landing a salaried position. I paid my own way through college and was not willing to take on additional debt for a graduate degree in an already very competitive (and low-paying) field. I wanted to go in a different direction. + +I had worked part-time at a law firm during college, and I decided working in a support position (i.e. paralegal/legal assistant) was something I was very interested in. I applied for positions at every law firm in my general area and received nothing but rejection and one invitation to intern for free. No thanks, I had bills to pay. + +The military had always been something I'd considered and I did a lot of research on the different branches and what they offered. Turns out the Army offers an enlisted position that was exactly what I was looking for--Paralegal Specialist, and since I had a degree I would enter the military as an E-4. The Army also guarantees that the specific job you select is written into your contract. + +It's now a little over four years since I raised my right hand-- I now work for the Department of Justice. My military service counts towards my federal retirement and also put me in a higher leave bracket. The high-ranking connections I made in the Army JAG Corps combined with the job experience I received are what landed me this position. I have thousands of dollars in the bank that I saved because I didn't need to pay for housing, food, or health insurance while I served. I'll be able to use a VA-backed loan to buy a house when I choose to, and if I want to go back to school I can do so for free using the GI Bill. + +I write all this because I read this sub regularly and there are so many posts by people who don't make a living wage, or majored in something unmarketable (like me) and don't know what the next step should be, or who have student loan debt, or are just kind of lost in life. And I think military service could benefit a lot of those people. + +Of course this comes with a large caveat: the military comes with risks. You could deploy, you could be in combat, you could die, you could be involved in a freak training accident, etc. You could also get stuck in a terrible unit with toxic leadership. It's all luck of the draw really. I was incredibly fortunate in having a positive experience but I know many aren't so fortunate. It's the ultimate 'your experience may vary' scenario. + +But at least for me it was a great way to kickstart my career in the direction I wanted to go and set myself up financially. I just wanted to share my experience in case it helps anyone who may be considering the service. +We need to hold our government accountable for knowing what is about to happen and saving their money. If any politician sells before crash the need to be removed in my opinion. If they will not hold our governing agencies accountable but still use information to keep their money they should be indicated with the manipulators and sent to jail. + +Edit: someone said a guy posted about politicians and a site that tracks their selling. If this is real time data or close to real time I think we need that post pinned to top of board daily + +Edit: the more eyes on potential signs of fuckery the better off we are. +Hey guys, + +So a quick rundown: I’m a recent college grad with a STEM degree who was contacted by a recruiting firm about a year long contractor job for a large software company. Originally the offer was for $25/hr but I talked them up to $30, which I was pretty happy about, so I took the job. + +How recruiting companies work, if you’re not familiar, is that I’m basically a full time employee of the recruiting company, all my paychecks and benefits come through them. The company I actually work for pays the recruiting company a salary for my work, and from that salary I get my $30/hr. + +So my role gives me access to the companies ticket system and one day I was browsing through it and came across my onboarding tickets. It had all the paperwork and contracts between the company and the recruiting company, which included the amount they were paying for me, $45/hr. I’m pretty sure I wasn’t supposed to see this. + +I’m not too surprised with this number, the recruiting company has to make money after all plus finders fees and all that. But what I am curious about is how much money I should ask for at the end of my contract when the company wants to hire me on full time (very common and likely). Should I try to get the $45/hr? More than that since I’ll have another year of experience at that point? What do you think? + +Thanks for any help! + +Edit: +Further questions + +How would I go about negotiating? Should I mention at all that I know how much they’re paying the recruiting agency? + +Edit2: +If it helps any it’s an IT role in New England. I have a CS degree but wasn’t having much luck finding a job and I didn’t want to sit around all summer doing nothing so I took a decently paying job in a semi-relevant field. +Using an alt here from my regular account. + +One of the things allowing me to be on track to FATFire as a W2 employee is a high position at a somewhat demanding corporate job in a still growing company. + +My kids are at the age now (preteen-tween range) where they notice dad puts in more than a standard amount of hours. I'm not talking a huge amount of late hours (50 hrs/week usually), but the kids know a normal job is 9-5, whereas dad works till 7 most nights. Pay the cost to be the boss. The nature of the work is such that those hours are while other people are also working; in other words, I can't just log off at 5pm then go back to work after bedtime. + +To drive home the fact that this isn't all for nothing, I communicate to the kids when a certain lifestyle element they enjoy is made possible by dad's extra work. For instance, when we check into the suite/villa on a vacation and the kids are running around it going "wow!", I point out the reason we're staying here instead of a normal hotel room is those extra hours dad puts in. Same when we went to Disney and did the all day VIP skip-the-lines package, that they all have new iPads and computers, and so on. Note this is always done in a matter-of-fact way, not a braggy way... I'm trying to instill in them that rewards come from hard work, and that those hours I put in benefit them as well. + +My wife has started to take offense to this. Her take is that I'm putting too much focus on money for them at a young age, and that there's no need for me to be imposing anytihng about my career into their still young lives. + +Curious as to how you all handle this. Thanks. + +**Edit:** Wow. The amount of people making horrible assumptions here is astounding. It seems a lot of you think working 50 hour weeks equates to being an absentee father who doesn't care about this kids? That 50 hour weeks means you don't have full sit-down dinners with quality converstaion every night (we do), game/hangout time every evening (we do), to be coach of their sports teams year-round (I am), and to be highly involved in their education. + +A lot of you also misread that my wife is begging me to work less. She's not; with both of us coming from modest means, she is thrilled that this job is going to gaurantee us financial security for the rest of our lives, and on top of that she is highly content with our tight family life and relationships with our children. She's merely saying don't try to create an equivilance between my career success and material benefits to the kids. + +To those who gave thoughtful advice, much thanks. To those who responded "lol enjoy your kids growing up to hate you", thank you for proving money can't buy class. +Nike - An Expensive Blue Chip Stock + +In my last post someone asked me to write about Nike, so I did a little research and here's my analysis. + +The Bull Case: + +Nike is very safe investment. It is one of the most recognized brands in the world, and it is able to command a premium price for its products. Earnings and cash flow have been steady and growing for decades. It pays a small dividend which has been increasing since the 1980s. For the last 20 years, Nike's stock price has increased by 16% a year, far outstripping the market. To me it feels like a Buffett company, except ... + +The Bear Case: + +Nike trades at an inflated valuation. Based on consensus estimates, the forward P/E is around 32. This means Nike is priced like a growth stock. Sadly, it is no longer a growth stock. For the last 10 years, revenue has grown by about 7% annually, and earnings have grown at a rate of 10%. These numbers are respectible, but generally not worthy of a high PE. + +Nike, like many companies, has benefited from multiple expansion in a low interest rate environment. This means that, over time, the price of Nike stock has risen faster than its earnings. From 2010–2017, Nike's P/E generally hovered around 20. But after 2017, the stock price inflated rapidly, and it reached P/E of around 44 in late 2021. + +I have a couple other concerns. One is debt. While Nike's debt is small and manageable, it exists, and is growing. In 2012, it had essentially no long-term debt. Today the debt is nearly $10 billion. Another concern is the shares outstanding. For years, Nike was slowing reducing its share count. From 2012–2020, shares outstanding decreased by 15%. Sadly, this virtuous cycle seems to have come to a halt and the share count has slightly increased. + +Conclusion: + +Nike is a fine stock to own. Feel free to put it in your portfolio and forget about it. It's not going to crash. But I don't expect good returns either. This one doesn't compound as quickly as it used to. I rate it a hold at current prices, but a sell if the P/E increases over 35. +Seems something is definitely brewing…. First, we have Ken G breaking his silence via Twitter, next we have Kenny doing numerous PR stunts and interviews trying to project a cool/calm demeanor that everything is a-ok… and now we have updated client terms limiting withdrawals and/or paying a fee… In my humble opinion this move speaks volumes. Citadel is clearly worried about something whether it be their current financial state or their future financial condition. Year end (YE) reporting is here and if they’ve been successful padding accruals for quarter end reports (or maybe not exactly being forthcoming in previous communications with their investors about exposure or estimated returns), this maybe a hint that YE financials might be ugly… but then again, they might just be preparing for fallout due to an imminent crash… either way, they are bracing for impact. + +Edit 1: forgot to add that it’s been reported that Citadel recently cut multiple portfolio managers as well as a portion or entire global fixed income arm… sure sounds like citadel is working on cutting expenses which additionally supports the above theory.. +I only wish I had more money to buy as many shares as possible at these fire sale prices under $10,000. I will continue to buy up to and beyond $1,000. Shorts keep picking up pennies in front of our freight train. I am a maniac when it comes to LONG term focus. In a 20 years, GameStop will be paying $15 dividends. + +Imagine you could go back in time and buy Coca cola at $3/share.. + +What is sell? +You see megarich people with super yachts but I always end up remembering the phrase "The two happiest days in a boat owner's life: the day you buy the boat, and the day you sell the boat". + +Like even if I was pulling in an 8 figure income, I cant imagine owning a boat would be worth it for the few weeks a year i'd actually use it. A private jet I could maybe justify I was flying... a lot (like several times a month). +I'm sure I'm not the only one who feels "behind in life" and feels like I'll have a hard time moving forward in life financially (buying a house, getting to a sufficient and comfortable level of income, having enough in the pension pot to retire etc - and this is without thinking about kids or marriage). + +Context - I'm 31, single, 30K going to a 35K job (but happy to work and qualify for something higher paying but don't know what), will have decent savings in about 3-6 months and I don't come from money/won't get anything from parents. Everything feels like it's not enough and I don't know what will be. + +So if you've felt anything like this, what psychological and practical steps have you taken / do you take to manage these feelings? +What if I told you hedge funds have been shorting companies and profiting without having to pay taxes if the company goes bankrupt. And that this practice has been going on for 50 years. + + +What if I told you people who wanted and profited from these companies going bankrupt actually worked as board members of these companies. + + +What if I told you external consulting groups were hired to improve the company, but actually actively wanted the company to go bankrupt. + + +What if I told you this practice happened to companies you've heard of, like Toys R US, Circuit City, and Sears.  + + +What if I told you that a guy in 2005 bought 100% of all shares of a company, and over the next two days the same stock traded 50x the total volume and the price dropped 99% in 2 hours with no shares avaliable to buy or short.  + + +What if I told you brokers lend out the shares you bought to hedge funds who then use your shares to short the stock and push the prices of your investments down.  + + +What if I told you hedge funds and market makers have ways of creating synthetic shares for any stock they want, and that this practice is illegal. However they can hide their illegal activities by "failing to deliver" and paying laughably small fines compared to the amount of money they make by doing this illegal activity. + + +What if I told you that in 2022 the DTCC did not issue a split divided correctly and instead issued it as a split. In so doing, committed international securities fraud.  + + +What if I told you that recently in the Toronto stock exchange some stocks went up as much as 3,400% on 0 trading volume. That credit Suisse which holds 755 billion in assets is probably going bankrupt. That the SEC recently lost all comments surrounding security swap fraud and short positions. That a number of brokers turned off their buy buttons for a number of stocks in January 2021.  + + +What if I told you a group of people figure out that a stock was oversold and have been buying it up enmass and that currently 57% of all shares avaliable to retail investors now has been directly registered, removed from brokerage accounts and unable to be lent out or shorted. That this community of people do not sell and in fact keep buying the stock at any price, as well as keep directly registering. That this is the first time in history that 3 billion dollars in shares has ever been directly registered by 200k individuals, each holding an average of $15,000 in directly registered stock. That they are hungry to support the company through thick and thin and continue to hold even while the stock price changes by as much as 1000%. +Hello, + +With ISA allowances to reset, I'm ready to fill my S&S ISA immediately. However, I'm unsure which approach to take: + +1. Put £20k in as soon as the allowance resets to have the longest time in the market + +2. Space the £20k out over a few months in case the market is pumped as soon as the allowance resets from people taking approach #1 + + +I think #1 is more sensible, but I'd appreciate a second opinion. + +# edit: went with option 1 +And the inverse, why do customers of said tower-owners like Verizon have to pay more, when Verizon gets supplemental income by renting out towers to smaller providers? + +I was always under the impression that when you own the infrastructure, its cheaper for you to use. What obvious fact am I missing? +I've heard that property taxes are a [regressive tax](https://www.investopedia.com/ask/answers/042415/what-are-differences-between-regressive-proportional-and-progressive-taxes.asp) because low-income individuals will pay a higher % of their income for that. So why aren't there property tax brackets similar to income tax brackets so that, for example, a multi-million dollar home would have to pay a higher % property tax than a home worth only $100k? +A huge token of thanks to /u/solidfact4 for bringing this to my attention. + +The government has introduced a *5% TDS* on all LRS transactions exceeding a sum total of Rs. 7 lakhs in a year. This is applicable for all remittances under LRS made from April 2020. Including maintenance of family/friends and college fees. + +[Capitalmind explains.](https://www.capitalmind.in/2020/02/budget-2020-tax-at-source-for-foreign-tour-packages-lrs-transfers-and-ecommerce-vendors/) + +In light of the above, I now have to fundamentally recalibrate my investment strategy. This government has decided that they want to throw everyone to the dogs when the recession hits. + +Compliance will be a PITA for any FX dealer, because now they will have to check if their customer has remitted 7 lakhs or more across one or more institutions. I'm sure the customer is responsible for all declarations. But even so it means you are sending 5% less out of the country and then claiming it back in taxes. + +Now, given my precondition that you have to invest a pretty large chunk of money *every year* for foreign remittances to be worth it (in my case it was over 10lpa), the 5% adds up to a LOT of money that you have to claim a tax credit for in your annual returns. This has made tax compliance way more complicated than it needs to be. + +The new budget says that the TDS is 5% on PAN-quoted transactions and 10% on PAN non-quoted transactions, but the irony is that capital account transactions (such as offshore investments) require you to quote PAN, and the bank actually stringently checks the transaction before approving the transfer. I've had remittances rejected before because of this, requiring me to correct the remittance form and declaration in the past. They even have to check if the LRS limit has been reached. + +I suppose the only viable option now is to invest in Motilal's upcoming/new SP500 Index Fund, subject to expense ratio data. + +This government is just completely out of its mind. My dad also sends money abroad for a relative's college tuition and the TDS just makes it extremely expensive to do so. I am sure you're aware that in countries that don't subsidise education for foreigners, the cost of living and tuition fees can approach thirty lakhs or more annually. +So it's been 1 month since MOAMC opened The S&P 500 Index Fund. The Index is up 9.4% in last 1 month however the Fund is only up 4.2%. Isn't this an abnormal tracking error? What am I missing? + +**Edit: Apparently I was missing a lot. The difference is much lesser and even the same was on account of the rupee appreciation. Please refer u/pratikoswal 's comment below.(https://www.reddit.com/r/IndiaInvestments/comments/gvwsm2/motilal_sp_500_index_fund_1_month_on/fstxwo3/)** +I’m 24F and really want to move out at least for a year just to gain some independence/spend some time away from my family who drives me crazy sometimes…but I don’t know if it’ll be a mistake. + +My essential monthly expenses for my car payment, car insurance, health insurance, pet insurance, groceries, medications, etc while living with my parents (and not paying any rent/utilities) comes to $900 right now + +I cannot find any good apartment under $700 so right there I’d be paying $700 + $900 so $1600 + +Utilities on average apparently cost $200 + +That’s $1800. + +I only make $2100 a month. Which is great if I keep living here…but it’ll make me poor if I move out. + +I’d only have $300 left over for emergencies and just basic shopping/having fun as opposed to the $1200 I have leftover monthly now. What am I gonna do if there’s a big emergency? + +Thinking about all this just makes me second guess moving out at all…that way I can keep saving. Especially if I decide to go to college. Tbh I have a pretty huge cushion that I’ve saved up myself, however, if I only am able to save a tiny amount a month that big cushion could get blown pretty quickly, because life happens. + +Should I suck it up and stay with my parents? I just sometimes feel judged by people for being a grown woman still living here. But if I leave it might be an extremely stupid financial decision. But I feel like if I don’t move out I may be missing out on a rite of passage while I still technically have my parents alive and able to help if something were to go wrong. I don’t want to regret waiting too long to do it when I’d REALLY be on my own, yknow? Any advice? +The newest member of the extended doge family is growing extremely fast and getting over the top in the short time. It has a huge marketing right now and it is expanding to global with this way. + +📣Reached to 18k holders in 48 hours! + +📣Btok ads are coming within 48 hours! + +💰Uncle Doge is designed to reward long term holders. Community is first and foremost. Uncle Doge is proud to run with his founding father and provide transparency and fairness to the community! + +🔰Doge is a true patriot to his homeland and he is willing to prove it by allowing everything to be subjected to a vote; + +- Where will the marketing funds go❓ + +- When do we turn on our buyback system❓ + +- Who should be the coin’s new president❓ + +The community is deciding these questions so that it shows how community-driven Uncle Doge is. + +📌No matter how big or small, as long as you are a citizen of the Uncle Doge republic and are a proud holder of our token, your vote will be counted and you will determine the direction of Uncle Doge. + +✅ Huge marketing plan ongoing - Influencers with millions of followers promoting Uncle Doge everyday and more and more coming on its way. + +✅ Promoted by Rae Sremmurd and Soulja Boy + +✅ Buy-back function with rewards for holders + +✅ No developer team wallet + +✅ Anti-Bot & Anti-Whale mechanism + +✅ Liquidity Locked + +✅ Doxxed Dev + +✅ Audited + +⚙️Tokenomics: + +Every transaction within Uncle Doge token taxed by 11%. The tax is split in two parts: + +- 10% Tax to liquidity + +- 1% Reflection + +Uncle Doge wants you in the doge family❗️ + +🌐Website: https://uncledoge.net + +🐦Twitter: https://twitter.com/UncleDogeBSC + +📱Telegram: https://t.me/UncleDogeOfficial + +💵Buy Link: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xD2618bC9c9cDC40ff19e200a7d14A09799C0a152 + +🔰Contract: https://bscscan.com/token/0xd2618bc9c9cdc40ff19e200a7d14a09799c0a152#balances +26, 95k salary, no debt, supporting parents at home \~$600 a month. I want to move out and rent my own place in downtown Chicago. Rents are approximately $2000-$2200 for a luxury apartment, I will be working from home and using almost all the amenities. I kind of want to splurge on a nice apartment but coming from a middle class family, never imagined making so much money but feeling guilty about spending so much. Do I ignore the imposter syndrome and go for it? +What would happen if people decided to send a lot money abroad? To relatives in other countries, let's say. At which point would this become problematic, if at all? +I've been interested in crypto recently but mainly because of the underlying tech. I come from an engineering background and appreciate it through that lens, but I want to learn more about the economics involved with having tokens. Are there any books, research papers, blogs, etc. that I can read to better understand the economic properties behind the tech? +According to a post by [RxSaver](https://www.rxsaver.com/blog/cost-of-insulin-without-insurance) the current cost of a vial of insulin without insurance in the united states is $444 + +As of right now, using Monero, you can have a vial of insulin sent to your doorstep for $ 91.18. + +I say this so when people try to make the drug argument, it's important to remember not all drugs are illegal, and for some people, using Monero and darknet markets are their only option to survive. + +For as much as people will label XMR as the devil's crypto, remember it is the one saving the most lives. + +That is all + +-edit- + +To those arguing the specifics of Insulin please understand the specific drug isn't the point. Any drug that is in one way unobtainable is obtainable, feel free to swap out the prescription drug of your choice. + +Also please don't ask questions that can lead to bans. +# Interview with Robert Carver: Former manager of a multi-billion dollar portfolio at leading hedge fund, Man AHL + +This is one of the most interesting interviews I've done so far. Robert has a very different approach to the bank traders I've spoken with and is far more systematic, less discretionary. For example, his views on take profits and risk:reward are at odds with how bank traders tend to approach things. In the interview you'll get this thoughts on backtesting, common mistakes retail traders make, bet-sizing and continuous vs discrete trading rules ... and much more. As with all interviews, we will also take a quick journey through Robert's career and see how he began trading professionally in the first place and where things went from there. I hope you enjoy it and it useful! + +Official bio: *Robert Carver is an expert on systematic trading and a guest lecturer at Queen Mary University of London; a former head of fixed income at multi billion dollar quantitative hedge fund AHL and former investment bank trader, and the author of three books: "Systematic Trading", "Smart Portfolios" and "Leveraged Trading".* + + +&#x200B; + +[Robert Carver ](https://preview.redd.it/7ts160t50xs61.png?width=600&format=png&auto=webp&s=6bbbfe43d1a06bb808b82d499afafa2800de3d54) + +# The background story + +&#x200B; + +**How did you get into trading?** + +The first trade I ever did would have been in mid '99, during the tech boom and just as online trading was becoming a big thing in the UK. + +One of the early internet service providers, Freeserve, was IPOing and it was massively oversubscribed. I believe I had about £80 worth of shares. It got me really interested in markets and investing. + +I’d originally studied Computer Science at university and started down a different career path - nothing to do with trading or markets - but decided at the age of 25 to go back and study Economics. + +&#x200B; + +**What about your first job in this area?** + +I worked part-time whilst studying. I’d got a job at one of these up-and-coming online stockbrokers. The timing wasn’t great, of course, as the dot com bubble was bursting but they still found interesting stuff for me to do because of my background in IT and skill with computers. + +In the second year of uni, I applied for internships at various places. The only one that came through was at a firm called AHL, a quantitative hedge-fund. I think they liked that I had what was - in those days - a somewhat unusual background combining an interest in finance and markets but also computer science. That was an interesting mix, as far as they were concerned. + +I did the internship over summer and I felt sure they’d offer me a job afterwards. I’d got on really well with everyone there. They were a small company at that time and not particularly well organised so I decided it would be sensible to apply to some big companies, too: the classic investment banks. + +The banks were far more organised. On the applications I’d indicated I was interested in roles within the Research department. However, I ended up being interviewed for Trading roles. The only thing I can conclude is that they processed my psychometric test and thought “This guy is clearly a psychopath - let’s put him in Trading!” Anyway, this bank offered me the job. + +&#x200B; + +**What happened next?** + +I took it. The money was great for someone coming straight out of university. I’d just got married and my wife told me I’d end up hating the job. She was right. Ethical concerns aside, it was a terrible mix of being mentally demanding yet not intellectually stimulating. + +I was working on the exotic rates options desk, which was about as complex as you could get at a bank. The best way I can describe it is: imagine trying to do a Sudoku challenge with lots of people shouting in your ear non-stop for ten hours a day. + +I did a few years there and then decided to get a part-time Masters in Economics, whilst working full-time in a new job at the Centre for Economic Policy Research. At that point I thought I’d found my calling. + +&#x200B; + +**I’m guessing fate intervened?** + +Yes, by chance I saw a role appear over at AHL. I thought that I’d apply for it - if nothing else it’d be fun to see everyone again. + +I ended up having the choice between continuing a career in economic research or joining AHL. I picked AHL. I had really enjoyed the whole interview process and the people I met, which left me with a pretty strong conviction that it would be the right decision. + +&#x200B; + +**What did AHL want you to do for them?** + +At the time AHL was purely focused on technical trading. By “technical trading” I mean price and volume are the only inputs into trading decisions. For example, if you have a strategy that’s looking at dividend yields that wouldn’t fall under this category. + +They wanted me to introduce a new set of strategies that were focused on non technical trading. Say, for stocks, you might use things like Price/Earnings ratios as an input or macroeconomic data such as GDP or inflation readings. + +This has its own challenges. When you get a price - that’s it, that’s the price. When you get GDP, it is often revised after the original release. The data is also very low frequency: many fundamental data points only update monthly or quarterly. + +&#x200B; + +**But you must’ve also used price to some degree? Even if your model is using fundamental inputs there must be some concept of price and value.** + +That’s right. It is a bit of a grey area. For the bond model we’d look at interest rates of course and interest rates are clearly related to the price of bonds. + +After a few years the business decided that this fundamental and technical style split made less sense. They decided to bring it all together but split it along asset class lines. The usual kind of split: FX, commodities, equities and fixed income. + +Because of my background in fixed income at the bank I was a natural fit for that group. There were people around who were cleverer than me but - I think in part because management thought that I could communicate well and get the other quants working together as a team - they put me in charge of the fixed income group. + +That was a big job. You’re talking 40% of the AUM at a $30billion dollar hedge fund. A huge portfolio and huge volumes of trading. + +It was also an interesting period. This started in 2010 and whilst we were managing the portfolio we had the European sovereign debt crisis and quantitative easing in the US. Markets were moving and at times it got a bit hairy. In our worst week we lost one billion USD. + +&#x200B; + +**Ouch. Do you still think of it in monetary terms or are you able to abstract it away to a percentage? Like “we’re down 11%” rather than $1 billion.** + +I always advise people to look at it in percentage terms for exactly that reason. If you look at it in nominal terms it is psychologically hard. + +Even now - perhaps especially now - when I am running my own money and the sums are far, far smaller, I still try to think in percentages. Of course it would only take me a fraction of a second to do the conversion but I want to try and keep it abstract. + +Anyway, we’d had a new guy join the team recently at AHL and so I was catching up with him for a coffee. I asked him how things were going. He just sat there shaking his head, saying “I cannot believe we are down a billion dollars and everyone’s just going about their work like everything is fine.” + +He was right. If that had happened in a discretionary hedge fund there would’ve been screaming and shouting and so on. However, in our team people were calm and unflustered because they had successfully abstracted performance to a percentage and it was not an extreme percentage - we simply had a large amount of assets under management. + + +\------------ + +# Views on various aspects of trading + +**Your background is heavily systematic. Yet in one of your books you describe a purely discretionary trade. You managed to bottom-tick the UK banks during the Global Financial Crisis. I’m curious as to why you would sometimes trade like this when you are so clearly a believer in systematic trading?** + +I always say that I personally don’t have enough skill to be a discretionary trader. + +What I’ve managed to do fairly successfully is pick two market tops and two market bottoms within a few months of the event. In 2009 I felt the market was close to the bottom. However, that’s happened a handful of times over fifteen years. + +There’s two problems with this. You cannot make a trading career out of picking four occasions over fifteen years. Then I put my statistician hat on and think: there’s not much of a sample size, is this just luck? + +I might have some ability to sense big moments of change. However, that’s not how I do the vast majority of my trading. The reason I put it in the book was to illustrate a point: because I had no system for risk and position management back then I ended up not putting enough size on. I had the right idea but I didn’t make as much as I should have from it. + +I split the world into three categorie + +* People who cannot make the right discretionary calls (most of us); +* People who can sometimes make the right discretionary calls but don’t have a system (that was me in 2009); +* People who can make the right calls and also have some intuition for risk management and position sizing. + +There are really only a tiny, tiny group of people in that third category. People in the first category should let the system decide when and what to trade and also do the risk management. People in the second category might make the trading decisions themselves but should use a system to help them decide risk management parameters such as the size of position and exit points. + +&#x200B; + +**One sentiment I get from a lot of your writing is that people should spend far less time on trade ideation and far more time learning to avoid making basic mistakes. Can you talk about this?** + +The three big mistakes I think people make are overconfidence, over-trading and over-leveraging. + +The core problem people have is they do not have a good appreciation of luck. In most things humans do there isn’t that much luck involved - or at least the luck isn’t obvious. Think about learning to drive: the more you practice then the better you’ll get, up to a point. That is a reliable outcome. + +If a formula one driver, say, took a driving test 100 times you might expect them to pass it every time or at least the vast majority of times. The markets just aren’t like that at all. There is far more noise. The equivalent world-class trader might only be winning just over half the time on her trades. + +&#x200B; + +**Can you give an example of how this overconfidence manifests itself?** + +Let’s say someone has made 100% returns over a three-month period and they start to feel invincible. + +Let’s look at what they did; they just bought Gamestop and held it. That unfortunately tells us very little. You need a large sample of trades - hundreds or more likely thousands - before you really have any idea if a trader has skill or not. + +This leads us onto the subject of over-trading. Because of apps like RobinHood that market themselves as 'free trading' people think they can trade for free but this is not true. There’s still the spread. It might only be 0.5% but after 200 trades you’ve lost it all in spread. + +People are overconfident and feel like they can overcome the spread but in reality - even if they’re highly skilled - there’s a lot of noise in their results. Even if they can make enough on average to cover trading costs, there will be periods of low performance whilst trading costs are always there and will constantly chip away at your money. + +Over-trading is probably the one thing that most people get wrong. Certain apps even gamify this and do things like make confetti appear on the screen whenever you trade. Over-leveraging is also a huge problem but I think there is more awareness of this. People know too much leverage is dangerous and the regulators make some attempts to dampen it. + +&#x200B; + +>There are two reliable ways to lose money. You can do it quickly through too much leverage or you can do it slowly by over-trading but either way you end up at zero.**Robert Carver** + +&#x200B; + +&#x200B; + +**What kind of trading horizons do you have yourself? It would be revealing to see what you consider to be not over-trading.** + +It depends on the cost of trading each instrument. The more times you trade each year, the higher the costs are. The tighter the spreads of an instrument happen to be, the more times you can afford to trade that instrument each year. + +The most liquid thing I trade would be the S&P 500 futures contract. In practice I probably have an average holding period of about two weeks for that. + +I could maybe stretch that to one week. However, forgetting about costs for a moment, the reason I do not trade faster than that is a property of moving average systems. When you start to reduce the time horizons the behaviour is different. I’m simplifying to make this point but below two weeks you’ll often observe mean reversion characteristics whereas beyond that instruments will typically trend. + +The most expensive thing I trade is the Eurodollar interest rate future and there you’re looking at a holding period of several months. There are many less liquid instruments that I would never trade due to their transaction costs. + +&#x200B; + +**Let’s talk about these online leaderboards and copy trading. I feel they’re very unreasonable. They are set up by default to rank strategies by nominal return, which simply rewards high risk strategies rather than high quality ones.** + +I hate those sites. + +One issue with them is that a very easy way to game yourself to the top is to submit dozens and dozens of strategies doing opposite things and people will only see the one that worked out. + +You also have questions around how ‘live’ are the live trading results, really - do they include real-life transaction costs and so on? + +I knew a guy who went to work for one of these firms and genuinely wanted to make them better. As you say - he wanted to give a notion of risk adjusted return and trader skill. However, he couldn’t get it past the marketing department and nothing changed. + +What you really need if you are comparing strategies is some basic measure of risk-adjusted return. Imagine you have Strategy A which takes one unit of risk but makes 25%. Now imagine you have Strategy B which takes two units of risk but makes 30%. Well you could just leverage Strategy A 2:1 and have 50% return instead of Strategy B’s 30% for the same level of risk. + +Now let’s think about what “risk” means. There are problems with this. Some people like to look at max drawdown. Some people calculate standard deviations of returns, although the problem with this is it makes assumptions about the distribution of returns which will not always hold. For example, it is unlikely to be the case that returns fit a symmetrical distribution where the characteristics of positive days exactly mirror the negative. Extreme events are also far more common in real life than you would expect from using many such models. + +&#x200B; + +**At this point it might make sense to explain skewness?** + +Skewness is an interesting concept. + +&#x200B; + +[Characteristics of each distribution](https://preview.redd.it/coiuktod0xs61.png?width=1200&format=png&auto=webp&s=cfc8690cdc1a7a9cfac5973876bc22e8fa98a56d) + +An asset that is negatively skewed is one with a higher proportion of winning days but where the losing days are larger in magnitude than the winning days. An example would be selling options. On the majority of days you will collect a small positive return from the premium of the options you have sold. However, there is always lurking in the background a tail risk of an extremely large loss. A lack of appreciation of this has [caused many firms to blow up](https://earlyretirementnow.com/2018/12/18/the-optionsellers-debacle/). + +On the other side you have positive skew assets. These have a bias to lose a small amount on the typical (modal) day but can have explosive upside when they do win. Owning VIX would be an example of this. + +Now let’s think about leverage: if you calibrate your leverage for the average day and have a negatively skewed strategy then you might do really well for a period. However when the infrequent but extremely large negative day arrives you will find yourself over-leveraged and in a lot of trouble. You have to be especially careful with leverage on negatively skewed strategies. + +Many strategies that look the best in terms of risk-adjusted returns tend to have negative skew. FX carry is another example of this. So there’s nothing inherently wrong with having a negatively skewed asset but you simply don’t want to have too much of it. You want these strategies to be part of a diversified portfolio of other strategies that have positive skew as well. + +**I'd like to turn to backtesting. An area you've discussed often. A lot of new traders have little or no statistical training and use off-the-shelf backtesting software. Why is it that so many traders are sure they’ve found the holy grail - “I will be rich in six months!” - yet invariably this turns out not to be the case?** + +&#x200B; + +I’d always written my own software and had never used one of those off-the-shelf optimisers until some of my students - I’m a part-time university lecturer - came to me, convinced they’d found a too-good-to-be-true strategy and wanting to get my thoughts. + +The first thing you have to make sure of is that you are only backtesting using out-of-sample data. You cannot mislead yourself by letting the system ‘trade’ on data that it has already seen when generating your model. This sometimes creates problems for people as they feel they don’t have enough data but this is non negotiable. If you have a slow trading system like mine, you will want years and perhaps decades of data for backtesting. + +The second issue with these commercial back-testers is how the fitting actually takes place. One of the dangers is that they offer a huge amount of fitting options, most of them pretty black box so it is hard to get intuition for what they’re doing under the hood. + +What you want when fitting is robustness, meaning that you haven’t over-fitted parameters to the past. I’ll give you an example. I use about eight different moving averages and a not very robust way to do things would be to run them all and just pick the one with the best performance on the backtest. That makes no sense: there is little evidence to suggest that a particular moving average will remain the best in future. A more robust method would be to trade an average of those things. Keeping it simple and equally weighting them is generally a reasonable starting point. + +&#x200B; + +**You’ve also written about ‘implicit fitting’ which is interesting as it is an even more subtle mistake. What is ‘implicit fitting’?** + +Imagine I do everything right and am only using out-of-sample data and the model outputs some performance data. + +However, I look at it and think “Hmm. I’m sure we can do better than that” so I go and tweak some of the higher level parameters and re-run it till we arrive at a more appealing result. + +That is still cheating because you are using in-sample data! My changes are informed by the trading results i.e. from seeing the price data which in real life can only be known after the fact. The model will appear better than it is likely to perform in real-life, where it is not encoded with knowledge of what the future holds. + +&#x200B; + +**If we take a motivated retail investor - someone who makes an effort to do things properly but not from within an institution - are they better off sticking to simple and well known strategies like momentum and carry?** + +I think that everyone should start there. + +There’s a lot to be said for trading a well established strategy that is intuitive and has a long track record. This is the beginning of a learning process and you are going to develop risk management and the other parts of the system from the experience that you gain. + +Some people will be happy sticking with this kind of system for the long-run and that’s fine. Others will look for ways to refine the starter system further - this is where I sit - and this is perfectly reasonable if you are deeply interested in this stuff and willing to spend lots of time on it. + +The third approach is people who have some reason to believe they have a strong discretionary ability to pick trades. They may choose not use momentum and carry directly but even they will benefit from sticking with the principles of risk management that are encoded in the system with which they started. + +&#x200B; + +**Given carry and momentum are so widely known and used, why do you think they still exist? Why haven’t they been arbitraged away?** + +The answer comes in two parts. They exist because of psychological biases that afflict investors and they don’t disappear because they’re not slam dunks. + +These kind of strategies do not make large profits every single year. If they did then everyone would use them and they’d disappear. On average, over the long-run they work but this stuff is not going to provide supernormal returns day-in, day-out. + +If you pick an arbitrary trend following system on a arbitrary instrument the Sharpe ratio is going to be something like 0.2, which is not brilliant. Where it really hums is when you diversify across many markets and that requires more capital than most individuals have. You also have to avoid making the sorts of mistakes we’ve discussed, which clearly many people do not manage. + +Now, why do they exist? Because they do things that humans find uncomfortable. The technical term is that they are 'risk premia'. Think of it like an insurance premium, where you’re being paid to take on some risk so someone else doesn’t have to do so. + +If we look at FX carry, for example, you make money overall but returns are punctuated by sharp drawdowns. People don’t like those so they don’t like to put on carry trades. So if you are willing to put the carry trade on you are getting compensated for this. + +Similarly trend following works because many people take profit too early. If they buy something and it goes up, they worry about it going back down and sell it when they really should just hold on. There is [a lot of literature on this topic](https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/prospect-theory/). + +&#x200B; + +**You are really not a fan of take profits are you?** + +I think one of the reasons it is a popular idea is this concept of risk:reward. People will say things like “I’m risking X to make 2X.” The nice thing about that, of course, is that you don’t need to get every trade correct. Even if you only call half your trades you’d make money on a 1:2 ratio. + +However, I don’t like it at all because it ignores basic facts. For example, over the kind of time horizons a retail trader should be trading, markets tend to trend. So I find it particularly odd when people combine this methodology with a trend following strategy. + +The market doesn’t know or care about your two risk units. If your system believes that the trend is likely to keep continuing you should stay in it. Your system or your stop loss will tell you when the trend has ended. + +I’m talking here about arbitrary take profits. If you have a model that is specifically predicting that, say, the fair value of an asset is 200 then of course it makes sense to take profit and exit once that price has been reached. + +I do think that trailing stop losses are a useful tool that more traders might consider using instead of arbitrary take profits. + +&#x200B; + +[Illustrative example of a trailing SL](https://preview.redd.it/6glbs5gb0xs61.png?width=1200&format=png&auto=webp&s=37a31fd421490c47f0d8d3e8617a45301e6efc0e) + +&#x200B; + +**This is similar to the classic mistake of picking a stop loss level, based on PNL.** + +Yes. Where you leave your stop loss should be decided by taking into consideration the volatility of the instrument and your time horizons. It should absolutely not be chosen based on the nominal amount of PNL that you would lose, should it be triggered. + +All else being equal, traders with large and small accounts should have the same stop loss price level. The only thing that should differ according to account balance is their position size. + +The market doesn’t care if you’ve lost 10% of your account at a certain price. You should calibrate your position size for the risk you are willing to take, after you’ve selected an appropriate price level for your stop loss. + +&#x200B; + +**Perhaps this is a good point to talk about continuous trading rules, which you’ve written about recently. This is a method that I’ve observed frequently amongst professional traders yet seems uncommon in retail. Can you explain how it works?** + +Most people trade with binary trading rules. Say, for example, a moving average crosses another then I do a trade. I buy one unit of risk, let’s say. At some point you want to get out of the trade - say you hit your stop loss - so you sell one unit to go flat. + +The important thing to take away is that you are treating all trades the same. You risk the same every time. You are ignoring any difference in expectancy. + +&#x200B; + +**Unlike, say, poker where you bet more when you know your hand is stronger or less when you are uncertain or know it is weaker?** + +Exactly. Now, if I think a trade is fantastic I should put on a bigger size. If I am less certain, I should risk a smaller amount. + +Think about trend following and momentum. When a trend has lasted a long time and is smooth - meaning it has trended in a fairly straight line without significant reversals - there’s a statistically higher chance it will continue than if the trend is short-lived or very jagged. I should be more confident in the former scenario than the latter. + +So let’s think about how that looks in practice in a continuous system. The moving averages first cross over and you might buy a small amount as you have positive expectancy but you are not yet highly confident. As the trend progresses and the moving averages fan out more, you know the trend is stronger so you add to your position to reflect your increased confidence in the trade. You keep doing this until at some point the trend slows down and you start to gradually reduce your position all the way until you might flip short. + +&#x200B; + +**That is quite clear. And discretionary traders do something similar. For example, Druckenmiller has talked about ‘pyramiding’ into a big position.** + +Yes. Even if you are making discretionary calls you still need to score them. One idea might be a 10 and another a 5. You will still trade the 5 but perhaps in half the size. + +If you are systematic it is much easier to evaluate if continuous trading works. You can look and see if the trades your model was most confident about do indeed outperform the others. If you are discretionary that is harder to do but at least by recording your scores pre trade you can review them afterwards and get a feel for it. + +&#x200B; + +**Do you require a level of intuition behind the strategies you trade or would you trade something when you don’t understand why it works, provided the data looked good enough and the back-testing process was rigorous?** + +I personally would not. There are firms who do trade this kind of stuff - ‘ghost patterns’ they’re sometimes called - and some of them are extremely successful. However, I wouldn’t recommend it for the average retail investor. You need a huge amount of experience and skill to avoid falling into traps like subtle over-fitting. It is dangerous stuff. + +Even at places like AHL you could see people struggle with this at times. We did a data mining exercise, looking for pairs or triplets of instruments that we could use in relative value trading. By this I mean we’d, for example, buy one instrument and sell a linked instrument and wait for the two prices to converge. + +A particular result looked interesting: live cattle futures and the NZDUSD. The researchers tried to rationalise it by talking about all the sheep in New Zealand and people choosing between eating beef and lamb and so on. The reality is that if you look at enough instruments you will end up finding some relationships that appear to be real but turn out to be spurious and don’t last. They were rationalising post hoc a pattern that they’d found due to sheer chance. + +&#x200B; + +**You publish your trading and investing results every year. Does the act of publishing them change how you trade and invest?** + +I don’t consciously do things differently. Subconsciously I do think I feel like I should set a good example and practise what I preach. A good example would be around the pandemic last year. I decided to dial down risk based on one of my one-in-five-years views and I had to hold my hands up and put it in the report. + +This happens in systematic funds, too. The managers do not aim to interfere with the trading system but they may well use human discretion to dial-up or down the risk at a given point of time - thinking about investor reactions to big drawdowns, for example - and this can have a big effect on performance. + +I’ve only published my results over the last seven years, whilst I’ve been an independent trader. In that period I’ve also made a concerted effort to become more systematic in how I approach trading and investment so this is a style change that coincided with my public reports but I am not sure it was motivated by them. I do think that the act of writing it up has probably made my thinking more structured. + +&#x200B; + +**The point about having investors to whom one must answer is an interesting one. The clear fact is retail traders overwhelmingly lose money - around 7 in 10. However, the independent trader does have some advantages over the institutional trader. For one thing she is likely to have a smaller account so she can be nimble and not worry about market impact and excessive trading costs. For another, there are no external investors to constrain her behaviour. What do you think about this? Is retail trading a reasonable activity or should people stop doing it?** + +It comes down to why you are doing it. + +If you are trading purely for financial reasons, the average person should do very little. Just buy a diversified passive tracker. + +I believe trading done well will get you a better risk-adjusted return than passive investment because you can get access to these other sources of risk premia. However, it requires a lot of time and effort to do it well. + +What worries me is people who view trading as an easy way to get rich quick. That is highly unrealistic, especially with a small starting account balance and little to no experience. + +Then there are people for whom trading is more like gambling. People who go into it, expecting to lose a small amount of money, but consider it fun and just another form of entertainment. We saw a lot of this recently with Gamestop. That is probably okay as well but I do worry about ‘problem gamblers’ as this industry is regulated differently to gambling and the same level of consumer protections do not really exist. + +&#x200B; + +**If they take nothing else away from this interview, what advice would you have for a retail trader?** + +Keep it small and keep it simple. + + +&#x200B; + +\---------------- + +*Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.* +This a bit of a noob questions but I couldn't find the answer anywhere on the interante. It is about the mechanics of options trading. + +Say I sell a call on my shares and I receive a premium on robinhood. Who is paying me this premium? Is it robin hood hoping to sell them later? Is it the underlying stock exchange? Or won't I get paid until someone buys the call? And in the case no one buys a call who is paying me the premium? or am not going to be paid at all? + +And what do you suggest I read to get more to the ground details on the subject of finance and trading? +There is a millionaire in my country (Morocco) who works in real estate. He started trading a month ago... He has a friend who gave him a trading strategy (they trade on Nasdaq) they didn't tell us exactly what the strategy is, but they say that you should just know the point at which the price will not return again in the 1H chart and then they execute the long or short entry depends if it's bullish or bearish... (following the trend) +and they share the results on instagram 5k$ to 50k$ profite a day (they use 3 contract up to 50 in trades)... and i don't understad what the heck is this, is trading are easy like this!!! or they just gambling... this man start trading just a month ago and now he share results like this!! then why people struggle in trading and spend years learning strategies/risk&money managment +me as a newbie in trading (8 month) I did not find any answer to this +Am I a loser? Are all those who spend years learn about trading for a littel resulte are losers? and this person knows a secret that we do not know. +Is it even possible for them to trade in this way? (knowing where the price will not return) +i know that this are silly for all of you guys but I'm sorry this subject hurting me and accupy my mind alots especially when I look at the chart and i see huge moves in the 1H chart drawing evrey day so what will prevent them from not profiting in the midst of that price movment? +I hope someone can explain to me the logic behind this . +What would be the best and fastest way to learn how to trade? If you had plenty of time and money how would you go about learning with the best chance of success. I realize YouTube has plenty of videos but I’m thinking of one on one training? +IG Trading's platform crashed yesterday, web platform, app, and all linked platforms they connect with like L2 Dealer,DMA etc + +I've heard horror stories but this is the first outage that affected me. I was ready to sell off a position profitably then the crash came, nearly an hour later they get things going again, just before day's close, of course I'm now down. + +&#x200B; + +Now it's not a huge deal over the grand scheme of things, but it was massively frustrating at the time and it shook my confidence a lot. I'm new to IG and was checking social media at the time with other people complaining and implying this happens regularly with them. + +&#x200B; + +I'm now looking at another broker and platform, but have send them an email asking if they'll compensate the trade. You think they should compensate or is it a case of tough luck? + +&#x200B; + +Ciggie packet calculation makes it look like if they compensate me and I stay, they'll get over at least 4 times the amount from me in fees over the rest of this year alone. +**THE RICO case has never looked more clear in my eyes...** + +Some people are defending Susquenhenna's low cash positions - let me tell you something... $6,000 cash for a giant investment firm aint right. If it doesn't look right, or smell right... it probably aint right... + +**P.S This post is focused on reported cash - not account receivables, for all we know they could all owe each other money...** + +[This is not right \^ Do they have $1.3bn in securities borrowed? IN ASSETS](https://preview.redd.it/f39ajs8kvkl81.png?width=850&format=png&auto=webp&s=7534122301a1f0541de401855f3c8d6a39d8e1d6) + +**Then $1.2bn in securities borrow - or sold short. Listed in Assets -** + +Sourcy source: [https://sec.report/Document/0000881182-22-000001/](https://sec.report/Document/0000881182-22-000001/) + +Lets look at Jane Street... Jane Street is another big market maker... + +[Jane Street has $12.2 million](https://preview.redd.it/ars6bwl4wkl81.png?width=877&format=png&auto=webp&s=12f37e2ec838aa1e0eef05c78688dedfed80a1cf) + +**The Jane St is not reported in thousands... why is this? I did say they have $12bn in some other comments but upon further review have discovered Jane St does not report in thousands and they have $12.2Million cash.** + +**((speculative bonus bullet: Jane ST is reporting this way to appear bigger... its an odd way to report and someone going over this stuff quick would think they had $12bn in cash like I did in some lost comments out there) its manipulative in my opinion... ))** + +sourcy source: [https://sec.report/Document/0001572095-22-000002/](https://sec.report/Document/0001572095-22-000002/) + +**Virtu....** + +[Virtu has $661million in Cash](https://preview.redd.it/1ez2672rwkl81.png?width=872&format=png&auto=webp&s=05ab092582353f75cf0036621cb8acdcc4c388ef) + +**AGAIN, SECURITIES BORROWED - $1.3BN - AND ITS IN THE ASSETS...** + +sourcy source: [https://sec.report/Document/0001457716-22-000005/](https://sec.report/Document/0001457716-22-000005/) + +**Citadel...** + +[Ken has $546million in cash...](https://preview.redd.it/1cyr7hm1xkl81.png?width=893&format=png&auto=webp&s=ff4217b23a61793a41fb5d34bfb518f8204ef879) + +**Ken sold short $73bn and as we know he is negative $65bn or more at cost - when he actually tries to buy the GME he will go bankrupt almost immediately imho... the only thing keeping Ken alive is selling more synthetics every day -** + +&#x200B; + +[The market makers control 99&#37; of the trades... ](https://preview.redd.it/pghnrywgxkl81.png?width=871&format=png&auto=webp&s=f51f08d014a88a23d5cb896deb7dcd478e8c8ec8) + +Everyone has the same chart as schwab - + +[https:\/\/us.etrade.com\/l\/quarterly-order-routing-report](https://preview.redd.it/m7ny4do90ll81.png?width=861&format=png&auto=webp&s=3deb84b8ce70b13e8c68e5d1e5c41345e6ddd3e2) + +**No seriously, they all use the same report... its like it came from one super computer algo... its like here... heres your free money... we use your assets in our super computer...** + +&#x200B; + +[https:\/\/cdn.robinhood.com\/assets\/robinhood\/legal\/RHS&#37;20SEC&#37;20Rule&#37;20606&#37;20and&#37;20607&#37;20Disclosure&#37;20Q1&#37;202021.pdf](https://preview.redd.it/s9esfgni0ll81.png?width=855&format=png&auto=webp&s=7458042cd7c964e03b3fee345c065bdf96c633ef) + +I do think Citadel runs the main algo... the participants all help the algo use them to move funds around and swindle retial- this is speculative but come on... same formatting on all the reports? + +This is SEC rule 606... oh yeh the SEC knows all about it... lol... fuckers... + +[https://www.sec.gov/tm/faq-rule-606-regulation-nms](https://www.sec.gov/tm/faq-rule-606-regulation-nms) + +[https://content.schwab.com/drupal\_dependencies/psr/606/2021-Q4-Schwab-Quarterly-Report.pdf](https://content.schwab.com/drupal_dependencies/psr/606/2021-Q4-Schwab-Quarterly-Report.pdf) + +[Major Index's are down 7-13.5&#37; YTD... ](https://preview.redd.it/cigghm2zxkl81.png?width=1015&format=png&auto=webp&s=bf82507e087a0b69e594a9d80e919f9001f45432) + +Once the markets start to tank next week these market makers are going to have to sell. SUS can't even pay staff with the cash on hand... they literally have to sell to keep the lights on. + +[The FED is about to start unloading this... ](https://preview.redd.it/k2vbdlt5ykl81.png?width=717&format=png&auto=webp&s=f9b09a82ea48336ea2630ab3075c81605ce3f0c1) + +The FED has already started to shrink its Balance Sheet - [https://www.reddit.com/r/Superstonk/comments/t6q3x6/the\_new\_fed\_numbers\_released\_on\_march\_2nd\_show/](https://www.reddit.com/r/Superstonk/comments/t6q3x6/the_new_fed_numbers_released_on_march_2nd_show/) + +**TL:DR: The Major Market Makers are the case for RICO... I would not be surprised if they one day discover the super computer... works on all of those market makers - to siphon money from retail to those "mostly" private co's... It seems that now the Gravy train has run out... that the market can't go any higher... I think that this crash is going to be really really big... they know this and thats why they have tried so long to suppress it. The situation the markets are in is very scary and if I didn't have GME DRS I wouldn't know what to do... thanks for listening to my talk... NOT FA** + +**They all owe Billions in securities sold - its a giant scam about to collapse - market Makers are reporting their short sold securities as assets - wtf - Virtu for $1.3bn, ken has $73bn sold short and SUS has $1.2bn in securities sold short - they are listing these as assets -** + +**They have no where near enough Cash to cover the securities they sold short and the market is about to go in to a wild free fall - these firms are toast....(remember they have long positions also)** + +**The one thing people always say is... "but those market makers are properly hedged" bitch please... Ken is negative $72.5bills... its a fugazi...** + I am having a discussion with u/[Trystiane](https://www.reddit.com/user/Trystiane/) about the source of economic growth in Europe and the U.S. Here is the full conversation for context. [https://www.reddit.com/r/TrueReddit/comments/x93gr5/slouching\_towards\_utopia\_why\_the\_years\_from\_1870/inye6v3/?context=3](https://www.reddit.com/r/TrueReddit/comments/x93gr5/slouching_towards_utopia_why_the_years_from_1870/inye6v3/?context=3) They were arguing per this collection of books and papers [https://sites.nd.edu/western-european-history-at-und/bibliography-colonialism-and-imperialism/](https://sites.nd.edu/western-european-history-at-und/bibliography-colonialism-and-imperialism/) that colonialism was core to the creation of the modern economy. I was arguing, per Joel Mokyr [https://aeon.co/essays/how-did-europe-become-the-richest-part-of-the-world](https://aeon.co/essays/how-did-europe-become-the-richest-part-of-the-world) That technological change was core to Europe's economic growth. They told me to ask [r/AskHistorians](https://www.reddit.com/r/AskHistorians/) if technology drives economic growth, then later said that neither of us is qualified to debate the specifics and that is why I should contact a historian. But, I suspect that this sub-reddit is a more appropriate forum for this question, because its about economic growth over a long period of time in many different countries instead of the events specific to one country. So the questions are: Did Europe become rich because of technological change or because of colonialism? Or is the entire question non-sense because one caused the other? if so, which caused which? Did colonialism cause technological change or did technological change cause colonialism? if both contributed to Europe's growth, then did one contribute more than the other? if so, then which was the greater contributor? technological change or colonialism? +My aunt died and after it was all said and done there was about 25k left. She was very explicit that she wanted her “adopted” granddaughter to get the money when she was 18. She also was very adamant she didn’t want the mother of the “granddaughter” to receive any of this money. I’m not close at all with this little girl, I don’t even know her age. I believe her to be between 11 and 13. But I understand this is my aunts money not mine and I would like to honor her wishes. What low risk options do I have to keep this money until I can ensure her mother will not get any of it? Like is a CD a good option? I’m not well versed in finance but I know enough that I shouldn’t just sit on this money for 5+ years. Any help would be appreciated. Also im on mobile so sorry if formatting is weird. +[https://www.marketwatch.com/story/the-sp-500-is-on-the-verge-of-tumbling-by-the-most-it-has-ever-fallen-on-christmas-eve-2018-12-24](https://www.marketwatch.com/story/the-sp-500-is-on-the-verge-of-tumbling-by-the-most-it-has-ever-fallen-on-christmas-eve-2018-12-24) + +I wonder if anyone here remembers the market 'crash' in December 2018. Pundits blamed the market plunge on Fed hiking rates, the 'china trade war', and fears of economic slowdown. But recall that 1) the market recovered in a V shape days after December ended, without the Fed deciding to reverse course on the rate hike, 2) that the market was unfazed by trade war headlines nearly all year long, and 3) the economic growth data remained incredibly positive and strong. **The December 2018 drop was irrational.** + +This look back at recent history goes to show how irrational markets can be and it is up to us to take advantage. + +For today: + +1. the Fed is NOT raising rates and have said this repeatedly. + +2. the economy is recovering and there is little data suggesting any upcoming slowdown or recession. + +3. The fear now is about the fear of inflation/yields rising. Note that we don't have any data suggesting inflation is permanently here to stay. + +I think there are two solid conclusions: + +1) This is not a bear market happening before our eyes. It's a correction and buying the dip is the likely right move. An overall selloff right now, is irrational, **just like in December 2018**, with the exception of growth stocks that are very overvalued especially in the context of rising yields. + +2) No one can predict how deep this correction goes, but it would be prudent to buy the dip on cyclicals, financials, and growth stocks that are already undervalued + +Please also note that the SP500 is now so heavily weighted to the top market cap growth tech stocks like FANG, that a 10% correction in them will require 90% increase in the bottom 100 stocks of the SP500 to avoid a fall. So the best way to increase your portfolio CAGR may not be to simply buy the dip in the SP500 index, but rather choosing the above sectors or stocks that avoid this weighting. +Just read this on the fact sheet for workers 49-60: + +"The Social Security taxes you pay go into the Social Security Trust Funds that are used to pay benefits to current beneficiaries. The Social Security Board of Trustees estimates that, based on current law, the Trust Funds will be able to pay benefits in full and on time until 2034. In 2034, Social Security would still be able to pay about $780 for every $1,000 in benefits scheduled. Learn more at "https://www.ssa.gov/people/materials/pdfs/EN-05-10229.pdf " + +Edit: The link was going wrong due to a . at the end of the sentence. +I got into my dream school with a decent scholarship a couple weeks after the stock market crashed in 2008. My parents had saved diligently for myself and my twin sister in a 529 account, but we saw that get cut in half overnight. Despite all that, my mom told me to pick the school that would work best for me and to not worry about the cost because "we'd figure out a way to make it work". I applied for hundreds of external scholarships, but didn't get any. So, I chose my expensive private dream school, signed my life away to Sallie Mae (the solution to pay for it after my savings was exhausted, which I didn't know in advance), and started college in fall of 2009. + +I was lucky to graduate with a good job thanks to the school's incredible co-op program, but also saddled with $120k worth of loans ($30k federal, the rest private). I met my amazing husband while there, and he was in the same boat. Together, we make a pretty decent living, but we currently owe more on our student loans than we do on our house. Even paying an extra $1k/month (our breakeven with our budget), it'll still take us many years to pay them off. It's so incredibly frustrating watching our friends from school (most of whom don't have loans) be able to live their lives the way they want while we continue to be slaves to our loans for the foreseeable future. No switching jobs because we want a new career, that doesn't pay enough. No moving to a different city, can't afford the hit to the salary in cheaper areas, or the huge cost of living increase in more expensive ones. + +I'm happy with my life and that I was able to have the experiences I did (I absolutely loved my school), but not a day goes by that I don't wonder how my life would have been different if I'd made better financial decisions. Parents, don't tell your kids to follow their hearts if the only way there is through massive student loans, particularly if their career will not let them have any hope of paying them off. Students, have those conversations with your parents. If they say don't worry about it, question what that means and what the plan is. Now is the time to be having those discussions, before you've already registered for classes and are looking to pay that first bill. Don't make the same mistakes we did. + +Edit:added paragraph breaks + +Edit 2: Wow, I did not expect this to blow up so much! Thank you for the awards! It's reassuring (and a bit sad) to hear so many of your stories that are so similar to mine. For all the parents and high school students reading this, please take some time to go through the comments and see how many people this truly affects. Take time to weigh your college financial decisions carefully, whether that be for a 4 year school, community college, or trade school, and ask questions when you don't know or understand something. I hope with this post that everyone is more empowered to make the best decision for them :) +Hello all + +As you can see I have come into a lot of money. Some earned income and some unearned. I was wondering what stocks I should invest in to really maximize my monthly dividend returns + + +I have very little experience with stocks. I bought about 300k shares of Siriusxm back when it was about .05 a share. All because I bought a new car with the lifetime Sirius subscription back in the day when they offered it + + +Thank you for your advice in advance + +Edit: only debt I have is my mortgage which is under 800 a month +No credit card, or car payment debt +I'm legitimately blown away how many people I see defending the banks/credit companies banning crypto purchases as some type of attempt to protect their customers from a volatile market. Credit is predatory by nature. The bank doesn't care when you max your card out on alcohol, designer clothes, gambling, or any other worthless and risky commodity. Your bank doesn't give one single tiny little shit about you in any way beyond your capacity to generate revenue. You are a revenue generating unit and nothing more, end of story. They are building artificial barriers to crypto because they view it as a direct and fundamental threat to their industries... and with good reason, because it is. The reality is anyone who invests wisely in crypto right now is going to make a significant ROI over the next few years, opening up the opportunity to pay off large balances, which decreases the revenue they earn from interest. This is nothing more than a desperate attempt at self preservation. + +Again I would encourage anyone who has their bank or credit card company create a barrier for them to purchase crypto, to immediately end doing business with that institution and make sure they know why. If my bank halts my purchases, I'll liquidate my account and close it the same day. Same goes with my credit cards, they will get cut up and never used again. DON'T bend over for them. + +EDIT: Also massive downvoting of anti-banking sentiment and massive upvoting of the 'banks are looking out for you, this is a good thing' sentiment. The shill bots are out in force. +Hey all, I wanna know what do you guys think how should I plan my life. Specifically, where should I move to be in the best financial opportunity. + +I (M22) am an electrical engineering and computer science student from a Balkan country in eastern Europe. I've been into crypto and investing for many years now. My current net worth is approx. $2000 which is about two median monthly salaries where I live. + +The thing is that I have very ambitious goals and ultimately want to be financially independant ASAP. It is very common for everyone here in Balkan to immigrate to Germany, Austria or similar countries to work in construction and other typical blue collar jobs, although many are higher educated as well and find much higher paying jobs. + +I love to do extensive research about other countries around the world so the most important metrics I've found to be most informative are GDP per capita, median salary, human development index (HDI), purchasing power index, cost of living index, quality of life index and so on. Most often the best all-around countries tend to be Switzerland, Denmark, Norway, Sweden, Finland, Netherlands, Germany, Ireland, US, UK, Canada and Australia and some others like Qatar, Saudi Arabia, Singapore, UAE and New Zealand. + +Honestly, what attracts me the most is Los Angeles. My dream is to have a big ass mansion in Malibu where I would live permanently with my future family, but at the same time have houses/apartments in many other parts of the world as well like Las Vegas, Phoenix, NYC, London, Amsterdam, Australia, Tokyo, Seoul, even Africa... But also in small towns and rural areas where I could disconnect in nature and enjoy the wonders of our beautiful planet. + +As you can probably conclude by now, I have crazy and maybe overly ambitious life plans but I know everything is possible if you work towards it. Heck, even if I achieve 5% of this that will be fucking amazing. + +How do you suggest I go about doing this? Which countries are the best for high tech industry and financial independence? Maybe first move to Germany and then to US in my 30s? Or some other way around? If you were in a similar situation, what is your life story and what would you do differently if you could start over? + +(also if you have career path stories and/or advices, I would LOVE to hear it) + +TLDR; where to live in the world for most moneyz? +Hi everyone, I'm 19 currently living in italy with my parentes , doing my bachelor in economics here and than planning on changing city to get a good master in finance. My granparents have about 80k saved up for me( could be even more)(yeah I'm lucky) but I also work (youtuber, make about 2000-2500 per month after taxes, save and invest 85-90% of this, hopefully it might even grow to 3000-3500 or more in the future) + +Now I have 3 options: get the master at: +an italian public school : Bologna, so I would spend close to nothing. + +Bocconi - Milan (as far as I know they are in the top 10 for finance masters in EU) I would spend about 10k per year for the university + Let's say 15k per year living (I'm very very frugal, so that's just an assumption)(Always lived with my parents, idk how much rent, food, ecc could cost and also it would really depend by the city) so that would be 50k for the master + +Go abroad (HEC paris, Tilburg, Rotterdam) there are a lot of options that would cost me between 50k-150k + +Now my choice would be go to bocconi and that's it. Super good master, again one of the best in EU but still it wouldn't cost too much. And that would be the best option if I wanted to live in italy. But i don't want to, I want to live outside italy. So my question is: would a degree made outside italy help me get a better job in EU in general? Is worth spending that 50-100k more? How's bocconi master in finance seen in EU, that much worse than for example one got at HEC Paris? + +It's still early, I've just finished my first year, but I the earlier I get my mind made up, the earlier I can decide how to get the money for example, how much I need to save and how Much I can invest ecc. + +Thanks in advance. + +EDIT: +Thanks so much everyone for the comments, I really appreciate all of your answer really. I will try to answer every post, but atm can't because tomorrow I have an exam, but seriously thanks so much for the help +Hey Guys, + +Wanted to hear your thoughts on my first ever property investment. Australia so money might be different to what you're used to. Buying a 4x2 house for 280K only 10 minutes out from the city (seemingly under market price for the area). +Currently tenanted at $380 per week while mortgage costs me $230 a week. Bringing council rates, water rates, landlord+building insurance, property manager costs and interest on the loan into the mix I am still net positive about $6500 per year. I understand the risks around time it could be untenanted, but I feel that $6500 is a healthy buffer. Over time the interest will go down and hopefully rent prices will go up. Location seems good, no reason that I can see for the suburb to underperform at all. + +I work a well paying job so cashflow isnt much of a problem. It seems too good to be true, is there anything I havent accounted for? Our offer has been approved and we are waiting for finance approval to come back. In a few weeks the house will be ours. It all just seems too simple, what am I missing? + +Bonus info: we were there at the very first house viewing and put our offer in the very next day. Current owner needs to sell because he has other investment opportunity that he needs the cash for quickly (allegedly). This house was on the market for only a couple days before we put our offer in. +The Fed just injected $1.5 TRILLION and shit immediately started dropping again right after. + +Petition to MOD the Fed, biggest loss porn we’ve ever seen +I'm currently a senior software engineering manager at a FAANG. I'm contemplating batistaFIRE in a few years when I turn 40 to spend more time with adolescent kids. My thinking is to go back to an individual contributor software engineer role at a tier 2 or 3 company. I figure that I can get the job done in 20-30 hours a week and have plenty of time. This would give me some income still to subsidize our spending and healthcare plans for the family. I think I'd also enjoy just coding again after so many years in management. + +However, I do have my doubts: + +- Will I be bored out of my mind? + +- Am I too ambitious to actually follow through? + +- If I ever want to go back to a FAANG one day when the kids are older, will it be possible? + +- Will any company even hire me for a software engineering role after I haven't coded as my primary job for 5 years now? + +- Will I really be okay with the significantly reduced compensation? + +Has anyone done this switch before? How did it go? +Curious to ask those who are retired as of today how much they have saved for retirement and how did they save for retirement? How old are you? What worked for you and what didn’t work for you? +Thanks for your responses! +The conventional wisdom in the investment world is that volatility in stocks means that the underlying security is risky. I'm going to break down this post in 3 sections (1: What is Volatility? 2: Why Investors view volatility as risk and 3: Why it isn't risk) + +**1: What is Volatility?** + +Volatility simply means changes in stock price. So a stock price that fluctuates in value a lot is a volatile stock. If you go to Yahoo Finance and look at the 52-week difference between the highest and lowest price of the company it's usually very wide. And most of the time (Not always) it has nothing to do with the real value of the business. I mean, could you imagine that in the real estate market, each year the price of a house fluctuates by more than 50% in a given year. For example, you buy a house for $1,000,000 and next month it's worth $500,000 and the month after that it's $1.5 million. It doesn't happen because there is some bipolar (no pun intended) realtor knocking on your door every 5 minutes offering you a new price. But because it's so simple to invest in stocks and there is Mr. market coming at you with different prices 7 hours a day, 5 days a week, people will naturally be drawn to speculation. + +**Why Investors view Volatility as Risk:** + +There are plenty of articles and education sources that explain that the higher the volatility, the riskier the stock. They advice to invest in dividend stocks for the sake of it, or defensive stocks since it's 'safer'. Also, a lot of investors see constant price fluctuations as a risky investment because if they buy the stock and it fluctuates downward in the near term, the investor has an 'unrealised loss in paper value' and if they were to sell it, they would lose money. A lot of investor compare a stocks volatility with the overall market by checking their BETA score. + +**Why Volatility Isn't Risk:** + +It isn't risk because changes in stock prices is simply the changes of opinions of investors in the marketplace and if a stock goes up say 5% in value on Monday and goes down 6% by Friday, then it has nothing to do with the intrinsic value of a business. If you learn the economics of the business and you find it's a good investment, and it's offered at a good price then chances are its a good investment. And as long as the underlying business characteristics are solid, you can take advantage of volatility when the market offers you more buying opportunities when the stock price goes lower. And if the stock price is lower and the business fundamentals are good, you have a margin of safety (reduced risk) and more growth (once market is more optimistic). + +This video describes it well for those who want to listen: [https://youtu.be/NROGvgwnMh4](https://youtu.be/NROGvgwnMh4) +My wife and I have lived in the first home we ever purchased for the past 7 years. In that time, we've had 2 kids (they are 18 months and 3 yrs old atm). We currently live in Minneapolis proper and have been exploring schools for our oldest in case we want to move into the school district we feel suits our needs/priorities. + +Over the past year and half, my wife has become obsessed with Dave Ramsey and we have paid off 20k debt (student loans, new car, yet have another 10k to go) all while making around 100k. Day care is 30k a year, so I'm actually pretty impressed with how strict we have been budgeting. + +My In-laws have taken notice and feel we have a solid budgetary mindset, and they want to help up on this trajectory. They have consistently said they'd rather help us when we need it rather then watch us struggle and inherit their hard work after they die. What a generous philosophy! + +So...here I am. I'm looking for the best way to go about accepting their gift. + +-Do we sell our house and take out a mortgage on the new one and simply have them send the lender a banknote? + +-Do they purchase the home, and then we buy it from them minus 200k? + +-We owe about 190K on our current home. Should we have them pay off our current Mortgage and start fresh with sizable downpayment? + +-Other ideas? + +My father In-law doesn't really have a financial adviser, just a guy at the bank he talks to. He's the one that recommend he start selling some property and "liquidating" his assets since he's near retirement. That's where this idea sort of came from. + +Thanks in advance! + +Edit 1 - Thanks for all the suggestions, advice, and anecdotes. We truly are blessed to be in this situation + +Edit 2 - Renting out the house isn't an option. I have ZERO interest in being a landlord or dealing with a rental management company + + + +The meetings are being held on Oct 29 - one meeting per scheme. Below are some notes from the UST meeting. TLDR - Even with a yes vote, there is one more voting required to choose the liquidator; half the NAV is in cash and could be given out when the second vote is complete + +&#x200B; + + Specific to Franklin UST + (there are separate meetings for each of the six funds) + + +Text below is paraphrased from the answers given by Sanjay Sapre + + +1. Timeline if vote is yes -  **We need a second vote to appoint the liquidator. After that, the fund can start monetizing the assets.** In the past few months, half the holdings have returned cash via maturity and coupon payments. No securities have been sold since Apr 24. We expect that we can accelerate monetizing if we are allowed to proceed. We also feel that the environment is conducive to accelerated monetization. Much of the collections so far have been securities rated A, many unlisted securities, and also where FT schemes were major stakeholders.   Money would be paid out in batches and we don't need to wait till all the securities are wound down. + +2. When will the vote be known? - The process would be similar to the other corporate votes. However the scrutinizer's report has to be given to the Court in a sealed cover and only they can disclose the results. + +3. How would value be preserved? - With a yes vote, there is no undue pressure to fund redemptions.  We can optimize the sale of securities to preserve value. Fised income markets are returning to normalcy. Many of the illiquid  securities have shown trades and volume since May.  We don't see need for haircuts. The NAV has actually gone up from April 24 even with the presence of a lot of cash. + +4. Expenses - FT has not charged management expenses since Apr 24. We have only charged custody fees, audit fees, etc.  Expenses for legal cases, auditing of the schemes, etc. have been borne by the AMC and not charged to the fund(s). +5. Why no distribution so far? - The winding up procedure and the court orders prevent any distribution till the liquidator is appointed. +6. Why only FT schemes were affected? - Liquidity issues in April were mostly in below AAA bonds. A large portion of FT schemes held these kind of bonds. So the liquidity issues affected these schemes. FT also runs another set of debt funds oriented towards higher rating and these were not affected. We indeed were large players in the sub-AAA market and hence were affected. + +7. Was the risk profile correct?  - Franklin UST was put as moderate - this is the highest possible for debt funds. Other schemes in this category had lower risk profiles. This shows that the risk profile of UST was shown correctly per the regulations at that time. + +8. How does UST have 1-year, 2-year maturity etc? - SEBI uses Maculay duration to define the schemes. This measures the interest rate sensitivity. Duration of each security is calculated independently by third parties. The AMC calculates the weighted average based on these.   Duration is not the same as maturity profile. Also since we use weighted average, even the duration of some security could be higher than 6 months.  More of the collections in the last few months have been from the longer maturity securities. + +9. Can investors choose when to get proceeds? - This is not possible. In the case of liquidation, the process would be the same of all investors. If the scheme is opened, investors can choose when to redeem. + +10. What was interest rate charge to the scheme till Apr? - Regulations specify how much of the interest rate can be charged to the scheme. I can confirm that the charges to the scheme were compliant with the regulations. + +11. Can retail investors be given priority for redemption? - If the vote is No and the fund is opened, it would be open for all investors and it is not possible to prioritize one set of investors. If the schemes are opened, we have no way to model what would be the redemptions. The scheme would have to meet the redemptions from the cash balance, and then from sale of holdings.  +12. Is it individual contract with the AMC or collective? - Mutual funds are collective schemes and are different from say, PMS. The voting process requires participation from all.  +13. Risks in realization - This fund invests in corporate credit. Liquidity and credit risk exist. Any changes here could affect future realizations. In the winding up process, the liquidator can do an orderly sell of the securities without redemption pressure. The share of unlisted securities has come down in the fund. The liquidity profile looks better now than in April. + +14. What happened to the SEBI forensic audit? - SEBI ordered this audit and we co-operated with the process. SEBI and the court have both held that the report is confidential. FT does not have a role in making this public.  + +15. What was the strategy followed by these funds? - Our factsheets called out the different strategies. The mandatory disclosures provide only some information. FT had given more information on the 'managed credit' funds. These funds had more AA and A securities. This was disclosed to the unitholders fully, This strategy did give better than category returns in the past. + +16. Why can't you do segregation of 'illiquid' securities - The regulations lay down events which can trigger segregation. in most cases this is actual default or downgrade to below investment grade. The AMC can't create segregation on their own +Verified account. US account. I've wired tens of thousands to it before. Suddenly, a $50,000 wire is still not credited with no resolution or support from Coinbase. It's been 3 weeks. + +Check my post history. I've sent wire documents, had the bank trace the wire (Coinbase has the money), forwarded these documents to Coinbase support, and still get no help. I request a direct contact number for support, no reply. No help through phone support. I'm pretty much getting a "kick rocks" treatment by Coinbase. + + +Everyone thinks this kind of stuff won't happen to them until it does. + + +EDIT: Upvoting for visibility would be greatly appreciated. Perhaps then someone from Coinbase can help resolve the issue. Thank you. + +~~Edit #2: Case 3077489~~ + +Edit #3: **Woke up to a reply from support and the money in my account! I love you reddit. I hope Coinbase can fix their support system soon so this stuff doesn't happen, and when it does there is at least a steady line of communication regarding the status.** +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) +I've only worked in-store for a short time but I've learned a lot about what maximizes profits for GameStop and what doesn't--and though you may be spending what you think may be a lot of money, if you REALLY want to boost those numbers, here's how to do it most effectively. Frankly I'm surprised I haven't seen other GS employees speak up and make a thread about this, maybe because they're afraid of "leaking insider info" and getting fired, but I fear no such silly things and everything I'm about to tell you is public information if you were to ask an associate directly anyway. SO: + +First thing's first: **PRE OWNED vs. NEW.** + +This is an easy one. You want a copy of Zelda: Breath of the Wild because you know your girlfriend will be riding your dick like a Kanye fanboy on the release date of Donda 2 if you can hook her up with that sweet Mushroom Risotto cooking-sim action. You stop into your local store, see they have new and pre-owned in stock--only like 5 bucks difference, why not just get the new copy so it's "fresh" and doesn't have an air of "stale gamer" around it? Because NUMBERS, that's why. You may be spending more money, but LESS of that is profit for GameStop. Every pre-owned purchase is a 50% profit to GameStop, versus (if I recall correctly) a 5% profit for buying new. So, if you want your girlfriend to "Keep it Burnin' (feat. Future)" while still keeping GameStop from being "Closed for Business", then spring for the pre-owned. This applies to hardware too, not just games--every accessory that is traded in as pre-owned is tested on-site for functionality and cleaned, so if you're looking for a PS5 controller but are worried about stick-drift, rest assured unless the person who took the trade was a complete doofus we will not sell you a less-than-stellar piece of hardware. Any sign of rough and tumble treatment and it gets sent off for refurbishment, which is marked separately from the pre-owned items. + +Side note: let's say you go in for a pre-owned copy but they're out of stock and only have new. Just ask for a list of stores nearby that have pre-owned in stock, takes two clicks and they'll print off an address and phone number of every store in like a 25 mile radius that has it. GG Donda fans. + +Second: **WARRANTIES.** + +Yes, we're very impressed with how "careful" you are with your things, every game and accessory you buy you handle with the grace of Marilyn Monroe giving JFK and Robert McNamara a double handy in the powder room of the Carlyle. You decline warranty coverage for your shiny new Animal Crossing Switch Pro Controller because "I don't have kids/pets, and I've never had issues with my things in the past". Yes you fucking have you dirty little liar, if you've played video games for more than 10% of your life like most of us who spend all day stuck on this sub you have at least 3 stories in your back pocket about how you gripped a controller too hard after losing to Pinwheel like a chump (skill issue); or how your dog knocked over your 360 while you were playing Halo 3 and carved an apropos ring into the surface of the disc; or how you left your headphones on your gamer-desk and a burning candle was bumped while you were vacuuming and the hot liquid wax spooged all over your earcups and ruined them. (That last one was definitely not based on autobiographical events, trust me bro.) + +By declining warranty coverage, you're not only risking having to buy that same item at full price in the future when ~~un~~foreseen events occur, but that little bit of extra money is **100% profit to GameStop.** If that's not enough motivation for warranty coverage, keep this in mind: warranties cover EVERYTHING. If you're locked out of your game because an update borked your system; if it gets slathered in marshmallow fluff and becomes unreadable; if it snaps IN HALF and then those halves are accidentally tossed in a blender and then that blender is accidentally shot by the cops who just happened to bust down your door at that exact moment to nail you for the meth lab in your basement, guess what: as long as you bring that sparkly disc-dust into the store with the warranty sticker you purchased with it, you will receive a replacement copy free of charge. Again, same with hardware: bring the crumbled ruin of your Dualsense controller in, and as long as we can discern that it was once shaped like a controller you're good to go. The ONLY thing we cannot cover is lost or stolen--you have to bring SOMETHING in to be replaced, that's how it works. + +**GAME RESERVATIONS.** + +Looking forward to the new God of War or Modern Warfare II? Thinking you want Pokemon Scarlet or Violet but don't know which version you want because one has the exclusive Pokemon Glupshitto but the other one has Fuccwatto, so you want to "decide later"? Fuck that, stop thinking, throw down a 5 dollar deposit. Every single transaction that receives a game reservation attached to it is not only a win for GameStop, but makes the employees look boss by boosting that store's numbers. Get enough reservations per week/month/quarter at a store, along with good warranty and pro membership numbers, guess what: that store gets a "Prestige" status upgrade, meaning exclusive events and items will be hosted at that store in the future. A better performing store in your neighborhood makes GameStop look great as a company and puts cooler products in your home. And, yes, reserving that copy of Pokemon DIRECTLY affects that, so every single game you THINK you want, put down a deposit and you can decide later if you don't want it and just move that reservation credit over to another game you actually want. IMPORTANT NOTICE: this may not be true for EVERY GameStop store, but I've been informed that many stores going forward will only be receiving AS MANY COPIES of a game as get PRE-ORDERED, rather than the good old days of just ordering 100's of copies of whatever hot new game is being dropped, because supply chain issues are making it expensive to make too many physical discs. So, if you want that game on release date and don't want to risk waiting for it to be back in stock weeks later, then reserve it. Win-win. + +Last but not least: **PRO MEMBERSHIPS.** + +This one is the most covered of the bunch but I'm gonna give it a once-over anyway, and then give you some tips on how to make the most of your membership. + +So, for 14.99 USD a year (apologies I don't know the international conversions for that), you get the following benefits: + +A 5 dollar coupon every month that can be used in-store or online on almost ANY product (the exceptions being no external retailer gift cards like Amazon or iTunes, etc.) + +A digital subscription to GameInformer magazine. (For 5 bucks extra for the whole year, you can receive physical print copies mailed directly to your home). + +Access to Pro Day sales--every fiscal quarter the majority of items carried in-store are DEEPLY discounted depending on what needs to move and how market conditions are for certain products. You must be a Pro member to receive these discounted prices. + +Alerts when the PS5 or Xbox Series X are in stock. You must also be a Pro member to purchase these consoles in-store. + +2% cash-back on every purchase in the form of rewards points that stack in perpetuity and can be redeemed for coupons, $1 for every 1000 points saved. + +Additional credit for any trade-in. + +And, every so often, though it isn't advertised, loyal Pro members will receive discount coupons towards renewing their membership near the time of their expiration. Don't ask store associates about this one because we can't apply it unless it's automatically offered and we don't know who is or isn't eligible, they sort of just appear on their own at random. + +The big draw here is, of course, that 5 dollar monthly coupon--don't know what to buy with it? I've seen people ask for a $5 Nintendo eShop code when they couldn't find anything else they wanted, save those codes up, and at the end of the year they can redeem it for a full priced new Nintendo game. I've got people who come in and use that coupon for a free Pokemon card booster pack, unwrap it in front of me--boom, $40 holographic Mewtwo they can instantly turn around for a profit. Me personally, if I can't find anything, I'll just spring for a Steam card, get 5 bucks off--why not, it's all free money anyway. Another side note: these 5 dollar coupons DO stack with other discounts, so if you came in to buy a pre-owned controller that was on sale, you could potentially slap on the 5 dollar monthly coupon, a birthday coupon, and a redeemed coupon earned from accrued rewards points all on the same transaction and walk out paying only 3 bucks for a 75 dollar controller. NOT BAD. + +Oh, and this is something that doesn't get said enough--you can absolutely create a Pro membership account for someone else as a gift and pay their sign-up fee for them. As good as a gift card in my humble opinion, but rather than being burned once in a mad rush the day after New Years, they've got a whole year to ape (heh) off the benefits of it. With the potential of using earned points to renew the membership free of charge after that year, it is quite literally the gift that keeps on giving. + +&#x200B; + +Final thoughts: generally, the rule is if a GameStop associate asks you any series of questions when you're checking out, 99.9% of those questions are being asked to generate more profit for the company off your purchase. So, if they ask you if you want new or pre-owned, if you want warranty coverage, if you want to renew your membership early (we often run promotions where you get additional rewards points for doing this), if there were any games you were looking forward to soon: PICK EVERY OPTION THAT YOU NORMALLY WOULD NOT PICK. Support the company by supporting them directly, not just by showing up. Walking out of the store having spent an extra 23 bucks on a new Pro membership, a 5 dollar reservation for Hentai Girls: Soul Transitions Exogenesis 3, and a 3 dollar game warranty is more important to the company's success--and by extension OUR success as investors--than just "spending hundreds of dollars in-store". + +&#x200B; + +You've got like 2 days before the end of the fiscal quarter. Get out there and buy those pre-owned items with warranties and renew your Pro memberships, but don't forget to reserve a game while you're at it. All of this is fuel for the rocket, and therefore directly makes a better future for us all. +Highly recommend taking a look at these links. I may write something more detailed in the future but I don’t have time unfortunately right now so this was the best I could do. I wonder how many bank headquarters were built with massive tax exemptions like this. The other thing on my mind is what the quality of these bonds are. + +To quote Wall Street Journal + +“Liberty Bonds are tax-exempt private-activity securities authorized by Congress in 2002 to jump-start redevelopment of lower Manhattan. Most private-activity bonds have to meet stringent Internal Revenue Service tests to qualify for tax-exemption, but Liberty Bonds have carte blanche.” + +https://www.wsj.com/articles/SB112783196927053276 + + + +These bonds were used specifically for the area labeled the “Liberty Zone” affected by the 9/11 attacks. They were supposed to spur development in the area after the clearing of damaged surrounding buildings. + +https://www.gao.gov/assets/gao-04-72.pdf + +Instead Goldman got a big chunk of it for their new corporate offices. + +“More singular still, state and local governments decided to give the firm another big subsidy by letting it use $1.65 billion in tax-exempt Liberty Bonds, intended to stimulate economic development after 9/11, to cover part of the building’s $2.1-billion cost. Last month, Goldman announced that it had made a profit of nearly three and a half billion dollars in the first quarter of this year—enough to have paid for the entire building, in cash, in a couple of months, without any help from taxpayers.” + +https://www.newyorker.com/magazine/2010/05/17/shadow-building + +My statement of them getting the largest share of the bonds was from this government report + +“To date the largest allocation of Liberty Bonds was for $1.65 +billion issued for Goldman Sachs to remain downtown, where the company +has been located for 136 years” + +https://www.govinfo.gov/content/pkg/CPRT-109HPRT20452/html/CPRT-109HPRT20452.htm + + + +A government report looking back at the program I found interesting as well.. + +“. For example, the actual usage of the benefits before authority expires, such as in the case of the New York Liberty Bonds, is uncertain. Also the Internal Revenue Service (IRS) is not tracking actual use of the Liberty Zone benefits and, consequently, little data will be available on the value of the tax benefits to the Liberty Zone. Further, even if IRS were to collect data, it would at best only be able to make an estimate, not a verifiable measure of the tax benefits. “ +https://www.gao.gov/assets/gao-04-72.pdf +Pg 84 + +Here is what looks like the official document for this deal where these “Liberty Bonds” are classified as Series 2005 Bonds which were also classified as “Original Series 2005 Bonds” . This document appears to be about a second set of bonds they secured valued at over 19 million dollars. +https://esd.ny.gov/sites/default/files/2016_NYLDC_OfficialStatement.pdf + +Original article about people choosing to not go into the headquarters. + +https://fortune.com/2022/03/11/goldman-sachs-return-to-work-employees-david-solomon/ +[https://www.reuters.com/technology/twitter-has-legal-edge-deal-dispute-with-musk-2022-07-09/](https://www.reuters.com/technology/twitter-has-legal-edge-deal-dispute-with-musk-2022-07-09/) + + WILMINGTON, Del, July 8 (Reuters) - Twitter Inc **(TWTR.N)** has a strong legal case against Elon Musk walking away from his $44 billion deal to acquire the U.S. social media company but could opt for a renegotiation or settlement instead of a long court fight, according to legal experts. + +Delaware courts, where the dispute between the two sides is set to be litigated, have set a high bar for acquirers being allowed to abandon their deals. But target companies often choose the certainty of a renegotiated deal at a lower price or financial compensation rather than a messy court battle that can last for many months, three corporate law professors interviewed by Reuters said. +I’m really new to this and still using a demo account. I’m not planning on going live with real money for at least a couple months of consistent success on my +Demo. + +Legitimately, I’m confused how you can lose a substantial amount of money doing this if keep your margin % healthy. + +In my demo account, as long as my margin level hovers around 500%, I can just hold onto a loss until the trend turns around and it becomes profitable. + +Understandably, there are some crazy events like say the coronavirus outbreak that would completely destroy some currencies. But on a day to day basis, am I missing something? + +*Update* + +I think I misrepresented myself here. I did not mean holding onto downtrending positions without any stop loss or means for exiting. + +What I meant was holding onto floating losses that remain below your break even mark but above your stop loss. + +Now with that being said, as long as I’ve got reasonable stop losses in place to avoid the catastrophic as everyone has pointed out, does it just come down to hitting stop loss on less than 50% of my trades? +I live in Las Vegas, an epicenter for tourism and large conventions. I work as an on-call cocktail server at one of the major resorts on the strip. I usually average about 4 shifts per week, money is good even in slower months. + +They’ve cancelled all banquets, conventions, and buyouts for the rest of this month. Work has already been so incredibly slow nobody is getting called in. There’s talks of shutting down McCarren airport, canceling more and more conventions/events. Everyone at work is deeply struggling, as our money relies on tourism. I haven’t worked a single shift this week, and I’m started to get really nervous. + +My car was repossessed three months ago and I was FINALLY digging myself out of that hole. Paying my family back, and managed to get my savings back to $500. Now this shit happens. Now I’m hardly working. I’m worried it’s going to get worse, especially watching the news hearing about all these large events being canceled. I’ve been frantically applying for a second job/gigs today, pretty much everything and anything as I’m bracing for the worst and potentially not working at all this month. + +Combined with my savings and my checking account I have $650 to my name. My rent alone is $850. How can I prepare myself for this month and possibly the ones thereafter? What other gigs/jobs can I do to make quick money? I desperately need advice/help/guidance/direction before my head explodes from anxiety. + +EDIT: Just received word today, they are closing the lounge I work in temporarily some days out of the week. Some restaurants will also be closing temporarily. Being updated on exact days later today or tomorrow. This is really bad. +Not to sound like the Motley Fool, but has anyone been holding companies centred around 5G, especially listed on the ASX (besides the obvious, Telstra etc) Gonna be a trillion dollar industry when it takes off, and obviously we want to to get on that rocket ship. +I generally have no trouble justifying to myself why I should buy stocks. But now that I've bought a few Ive realised I have no idea how to justify when to pull out and sell. + +Can anyone offer insights as to how you determine when is the right time to sell a stock? + +This is a general question but specifically I own AVZ, LMG, ARU and NC6. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I see a lot of people getting down on where they are at in their FIRE journey when seeing people of the same age or younger FIRE’d or further along than they are. We talk a lot about not buying a fancy car or buying more of a house than is needed just to keep up with the Joneses. But that mentality also applies to the FIRE journey itself. + +As long as you’re following all the steps that are available to you and are comfortable with how much you’re saving, then that’s all that matters. Not that someone half your age is already FIREd. The fact that you’re even considering this path means you’re far ahead of most other people. +New weekly unemployment claims spiked far more than expected last week to reach a five-month high, as the coronavirus pandemic and stay-in-place orders weighed heavily on the labor market. + +The U.S. Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results in the report, compared to consensus estimates compiled by Bloomberg: + + Initial jobless claims, week ended Jan. 9: 965,000 vs. 789,000 expected and a revised 784,000 during the prior week + + Continuing claims, week ended Jan. 2: 5.271 million vs. 5.000 million expected and 5.072 million during the prior week + + +https://finance.yahoo.com/news/initial-jobless-claims-week-ended-jan-9-2021-coronavirus-pandemic-191640522.html +* Since March, the Federal Reserve has purchased $1 trillion in mortgage bonds. It bought approximately US$300 billion in bonds in March and April, and since then, it has purchased approximately US$100 billion each month. +* The Federal Reserve currently has nearly replenished bonds backed by U.S. housing loans +* The purchase of securities pushed down mortgage interest rates, ending last week, and the average 30-year interest rate fell to 2.91% from 3.3% in early February. +* Morgan Stanley analysts pointed out in late March that such purchases are eight times faster than the Fed's purchases under the previously called quantitative easing program +* Just before the latest round of financing, the principal payment of its mortgage bond holders had reduced this ratio by 21%, but it has now returned to 30% +* If the Fed maintains its current rate of purchases, it will once again own 34% of the mortgage sector by the end of the year +We have been on this GME rocket for almost two years now, full of ups and downs, elliot waves, golden crosses, etc. etc. I know we say it all the time, but this week genuinely feels different and like the end game. We are seeing so many DD's beginning to show themselves as true, and finally it appears people outside of our sub are starting to take notice. The world currencies are literally collapsing all around us, inflation going crazy, Europe about to go under. The list can continue. + +I feel total Zen being 100% in GME, but not everyone is, and just a quick scroll through social media is showing the panic starting to set in for most people. The hurt is going to be very real and very deep. We have an opportunity to really make a difference. Maybe I am wrong, but this week feels different and who knows what next week will bring. Stay zen this weekend, enjoy time with family and friends, stay away from FUD. I'll see you retards Monday. Love you. +You want to know how I know? + +Look at the borrow rates starting to increase. + +Look at all the shills come out making posts about how we need to not push apes to DRS. + +LOOK AT THE LAST 2 QUARTERLY EARNINGS REPORTS. GameStop would never add that if it didn’t mean anything. + +DRS your fucking shares and let’s finish this shit. + +XXX shares DRS’d in November. Buying more on computershare every 2 weeks. + +LETS FUCKING GO!!!! +Nikola (NKLA) has the title! + +After massive scandal and lies that gave both SPACs and EVs a bad name. Sporting stylist trucks that can roll down hills the users of Yahoo Finance voted it the worst. + +They had everyone fooled for a while. GM was even ready to invest billions until the short report was released and their fraud was uncovered... + +https://finance.yahoo.com/news/nikola-is-the-worst-company-of-the-year-according-to-yahoo-finance-audience-150712361.html +Experienced investors and traders, I call upon you to help answer these questions and maybe start a little discussion: + +1) What are the biggest disadvantages of investing in ETFs instead of the same individual stocks? + +2) What are the biggest advantages of investing in ETFs instead to the same individual stocks? + +3) What are the biggest mistakes you've made/hardest lessons learned regarding ETFs since you started investing? + +4) What is one random and/or recent ETF you've been excited about? +I have a tenant who moved in 3 years ago to a quadraplex and since has been fighting with the other tenants. The other 3 tenants have been there 5 years. + +Yesterday he got into a physical fight with one tenant and then called the police on them and said he's going to file a restraining order so he's hoping they move out. Is there a way I can evict the tenant who is filing the restraining order? Before him, there were no problems. He even fights with my maintenance guys too. + +Anyone know what I should do legally? I'm in CA. +Hold your applause, I am only a humble ape + +EDIT: First of all, how dare you. + +How dare you award me with potential Wiki/crayon money!? + +To the people saying that they can be biased: I agree, however I've made my pledge and believe that Wiki is an incredible resource that continues to serves its users internationally, and is much better at organizing and sourcing information than say, Facebook or even here on Reddit. I firmly believe that it is more of a positive influence than negative (*incoming poorly written Master's/Doctoral theses*). +**TL;DR: Susquehanna's recent 13/G filing shows over 3 million shares in GME. However, the footnote states that this ownership** ***'includes options to buy 2,957,000 Shares'.*** **You can't unless you're engaged in security based swaps or other derivatives...and I'm here to try and prove it.** + +&#x200B; + +**Let me be clear..'options to buy' doesn't necessarily mean traditional options...** + +&#x200B; + +u/Criand \- I think your little dog tittays are gonna be jacked to fuck. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The inital filing + +Susquehanna have been on a bit of a rager recently, reporting over $2 TRILLION in assets from SPY Calls and more. However, their GME filing flew a bit under the radar and if it wasn't for u/DIAMONDHandsHotchy, I'd have missed it. + +&#x200B; + +[Filing link](https://fintel.io/doc/sec/1326380/000110465922022357/tm225754d8_sc13ga.htm) + +&#x200B; + +https://preview.redd.it/ne76eefosjr81.png?width=2833&format=png&auto=webp&s=acefe8a9f66f31b521829678d2faeb95d4e6feb2 + +**HOWEVER :** Let's understand exactly how they have this. + +&#x200B; + +https://preview.redd.it/1zxbiuo8tjr81.png?width=2980&format=png&auto=webp&s=695692b2a001899d31bfebdadb5f50909920b0f4 + +**So two things to pick apart here :** + +1: Includes the option to buy 2,957,000 shares. + +2: The purpose of the filing was to report that they have ceased to be the beneficial owner of more than 5% of GME. (So they were previously?!) + +&#x200B; + +So far I haven't explained much...but hold fire, I'll get back to it. First, I wanted to just highlight the filing but now, I want to dig on the purpose of an 13G/A Filing. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The purpose of a 13G/A filing + +Okay straight off the bat, the A stands for 'amendment'. Nice and easy so far? + +I won't get too far into the history, but simply put - + +*Schedule 13G form is an alternative filing for the Schedule 13D form and is used to report a party's ownership of stock which exceeds 5% of a company's total stock issue. Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements. Schedule 13G can be filed in lieu of the SEC Schedule 13D form as long as the filer meets one of several exemptions.* + +&#x200B; + +Takeaway - Susquehanna previously beneficially owned more than 5% of GameStop via 'options to buy. So why did they make an amendment filing? + +*You must continue to make appropriate amendments so long as you continue to manage more than 5% of any class of an issuer's voting shares. If you fall below the 5% threshold, you must make one (final) amendment notifying the SEC of this.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Where it gets GOOD... + +The main question - How the f\*ck do they beneficially own over 3,000,000 shares? It's been theorised that it's swaps...and it is. Let me show you... + +Let me remind you that the purpose of a 13/G (or 13/D) form is **to report beneficial ownership, whether directly or indirectly.** With all the DRS talk by now, we should all be aware that being a beneficial owner can also mean **NOT YOUR SHARES**. + +A person may generally file a short‐form statement on Schedule 13G in lieu of a Schedule 13D if the person qualifies as either:  + +&#x200B; + +* a “qualified institutional investor” (under Rule 13d‐1(b)); (has to report within 45 days at the end of the year) + +  + +* a “passive investor” (under Rule 13d‐1(c)); (has to report within 10 days of acquiring) + +&#x200B; + +* or an “exempt investor” (under Rule 13d‐1(d)) ((has to report within 45 days at the end of the year) + +&#x200B; + +**We can work out what Susquehanna is based up on the time they reported the filing and the definitions. They're either an 'exempt investor' or a 'qualified institutional investor;...** + +I'll save the time - They fall under 'qualified institutional investor - as they are defined as a broker or dealer registered under the Securities Act. + +&#x200B; + +&#x200B; + +https://preview.redd.it/p3e6eq5n0kr81.png?width=614&format=png&auto=webp&s=4683651c6e5dcaf303c56ea00bad8eec5623c0e7 + +&#x200B; + +https://preview.redd.it/ntg16czn0kr81.png?width=2927&format=png&auto=webp&s=c1d606b6a8014d2ca2ed0366abdcbec91c7f0923 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# THE KEY PART + +***Section 766 of the Dodd‐Frank Act (“Section 766”) also amended Section 13(d)(1) by providing the SEC with the authority to require beneficial ownership reporting of security‐based swaps (“SBSs”)*** + +&#x200B; + +**READ THAT OVER AND OVER... NOW HERE IS THE QUESTION...** + +&#x200B; + +***Must a holder of more than 5% of derivative securities in an issuer make a filing on Schedule 13D or Schedule 13G?*** + +**Yes.**  Under the SEC’s current rules, holders of SBSs may be subject to beneficial ownership reporting requirements where an SBS “confers voting and/or investment power (or a person otherwise acquires such power based on the purchase or sale of \[an SBS\]), grants a right to acquire an equity security, or is used with the purpose or effect of divesting or preventing the vesting of beneficial ownership as part of a plan or scheme to evade the reporting requirements.   Under Rule 13d‐3(a), where an SBS provides a person with “exclusive or shared . . . voting and/or investment power over an equity security through a contractual term of the SBS or otherwise,” the person is considered a beneficial owner of the equity security. + +&#x200B; + +BONUS - U.S. courts have also held that holders of other forms of derivative contracts, in addition to SBSs, will constitute beneficial ownership for purposes of Section 13(d) or 13(g). **SPICY.** + +&#x200B; + +So...Can we realistically discern that this is proof of Security based swaps? I think the evidence is pretty damning if you ask me.... + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Case Study + +&#x200B; + + **Okay...stick with me. I understand we're getting bogged down in text. This one, is worth the read for sure...**. + +In CSX Corporation v. The Children’s Investment Fund Management (UK) LLP et al., the District Court **ruled that holders of cash‐settled equity total return equity swaps (“TRSs”) held by short counterparties “would be deemed to beneficially own those shares for purposes of \[the\] Williams Act’s disclosure requirement.**” + +In CSX Corporation, CSX Corporation, a U.S. publicly held railroad company, claimed that funds associated with two hedge funds, The Children’s Investment Fund (“TCI”) and 3G Capital Partners Ltd., violated Section 13(d) when they failed to timely disclose the formation of a group, and that TCI violated Section 13(d) when it acquired a significant amount of CSX Corporation’s outstanding equity prior to launching a takeover attempt of CSX Corporation.   + +In making such determination that TCI was a beneficial owner of the TRSs, the District Court noted that the definition of beneficial ownership under Rule 13d‐3(a) is very broad “as is appropriate to its object of ensuring disclosure ‘from all . . . persons who have the ability \[even\] to influence control’. + +&#x200B; + +**OF COURSE THIS HAS HAPPENED BEFORE.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Conclusion + +We have always suspected that SHFs were engaged in swaps. This is more evidence and pieces to the puzzle that indeed shows this to be true. + +&#x200B; + +Furthermore - why be a beneficial owner when you can directly own your stock? DRS your shares people. + +&#x200B; + +My sauce and reference - [the sauce](https://media2.mofo.com/documents/faqs-schedule-13d-g.pdf) + +&#x200B; + +Love you all. + +Punny out. +There is literally no turning back now. Tomorrow (or even AH today) is the day to put the final nail in the coffin by breaking $150 (or even $175)and setting up one of the most incredible options gamma squeezes in history, potentially leading to MOASS, too. + +RC has shown he is ready to rumble. I am 💯 certain that even if he has to buy a few millions shares tomorrow to push the price up, he will. This is literally the last big push. Buy, hold, DRS. In my opinion, it all depends on 2 things: 1) Call options need to be exercised and 2) No paper hands. T+2 from tomorrow might be needed before the gamma comes into play, or else the final push tomorrow puts the writing on the wall and it’s a mad dash to start closing positions to be in front of the rest of the shorts! + +Options people, this may or may not come down to you all to EXERCISE YOUR CALLS!!! We will never have 8 days of incredible green-day volume backed up to this many ITM calls, along with the 90 other cards seemingly in our our favor, ever again. If you don’t exercise, this entire week of upward progress and build up could be for naught. Don’t forget team GME over greed when coming to your own decision on what you want to do with your investments! + +Guys/Gals, think about it. Do you really think RC would go this far with this much gusto just to get to tomorrow’s potential options Gamma and say “Oh well, I tried. I will just try again next cycle.” Hell no! This is absolutely it! + +**Not Financial Advice. Just Common Sense** + +I hope this ages well! + +Edit: an ape friend clarified that RC is not restricted to 5.9Mil shares. He can apparently buy as much as he wants now that the standstill agreement is over. Either way, the point remains that I believe he will buy shares to support the price tomorrow no matter what, because the perfect storm has arrived and the pieces are already in motion! +1) Do you think the US would be better off if half of Bill Gates' wealth had been distributed among the bottom 45 percent? + +2) Do you think Bill Gates would have been significantly less motivated and thereby contributed significantly less social value if he had earned half as much? + +3) Is it unreasonable to say that the only reason why Bill Gates made so much money is because regulators failed to intervene in Microsofts de facto monopoly? + +4) Should the state work to regulate markets better to avoid such wealth disparity? + +Any thoughts? Because I'm pro-capitalism as hell and I don't mind people making millions a year, but does anyone else feel that one individual having *that* much money seems socially counter-productive? + +**EDIT** + +*the numbers don't even matter, I would have used Carlos Slim if I wanted to make a case just using numbers, I just used a well known quote to try and get some opinions. + +And I'm not trying to make a case for confiscating assets of the super rich, I'm asking whether it would be beneficial to society if we were more active in preventing people like Bill Gates to become super rich. Ie. we would actively encourage competition and shut down monopolies so you would have a real choice between microsofts latest product and something else *and* have lower prices. + +**Edit 2** + +Fine, next time I try to make an argument I'll just use entirely arbitrary XYZ values. Apparently, all the trees were making it really hard to see the forest. +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/edyt4p4xjo271.png?width=1426&format=png&auto=webp&s=4b0e3095dcb23e3a19183f9f81cac69e004d94bd + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎶🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤🎶 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $249.02 + +Open Price: $233.51 + +Daily High: $254.95 + +Daily Low: $227.07 + +Volume: 9.35 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ✏🚌 GME 101 🍎🖍 + +*If you're new to Superstonk, start here!* + +&#x200B; + +[WeBull's $GME rating 06-01-2021](https://preview.redd.it/yx44si56dp271.jpg?width=1079&format=pjpg&auto=webp&s=2cf3586300412671d3e92158cc7934cc100c10ca) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎮 Game Stop 🛑 + +&#x200B; + +**If you haven't yet, you need to read** [**this VIP (Very Important Post)**](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) **by** u/redchessqueen99\*\*. Every ape must read!\*\* + +&#x200B; + +https://preview.redd.it/xkrglcsfxo271.png?width=2084&format=png&auto=webp&s=0214e588471e036a282ed27436896ac68b16afaa + +So last night we kicked off **SATORI, our shill detecting AI.** + +&#x200B; + +# Here to answer ape's questions is our wonderful ape-bassador, u/Bradduck_Flyntmoore with this awesome TL;DR FAQ: + +&#x200B; + +Howdy apes! [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As the Ape-bassador, it brings me real joy to see how excited everyape is about this. I can assure you, the mod team is equally excited. This new endeavor has a lot of potential, and I cannot wait to see it in action. That being said, the point of this sticky comment is to answer some of the questions (paraphrased) apes are having about Satori. I will be updating this sticky comment as I find more questions to answer. 🙏 + +&#x200B; + +**Q**: I haven't been approved yet, does that make me a shill? + +**A**: *No, ape, it does not. Satori is approving apes in waves, and likely has not gotten to you yet. Just hodl on and all will be well.* + +**Q**: What if the new bot overlords get carried away? + +**A**: *I also fear potential technological overlords, fellow ape! Because of this, I asked the dev team for a LOT of clarifications on function, method, and execution. Obviously I can't say too much, but please have my assurance that the mod team is able to turn it off any time. Additionally, mods are able to prompt it to do things, or prevent it from doing things, or even undo things it has done. Again, anytime mods feel it is required.* + +**Q**: How long will it take Satori to get through the waves of approvals? + +**A**: *Sorry, fellow ape, you'll just have to be patient. Mods played this one close to the vest for a reason, and to give away extra info now would be counter-productive.* + +**Q**: Does Satori work retroactively or will it just look at the content on Superstonk moving forward? + +**A**: *Yes. Both. Satori looks at ALL publicly available posts and comments on the sub.* + +**Q**: How does approval work? Do I need to do anything? + +**A**: *Just sit back and relax. Approval will come automatically; no action is required.* + +**Q**: Why was Satori approved without unanimous approval from the mods? + +**A**: *This is a fair and honest question, and I believe apes deserve to know the answer. The final vote tally was 10 for; 0 against; 2 abstain. Unfortunately, sometimes IRL events prevent mods from voting (decisions need to be made in a timely manner, after all), hence why not all mod votes are accounted for.* + +**Q**: What if my karma/age requirements are already high enough, do I still need to be approved? What if I do not receive approval, does that mean I get banned? + +**A**: *The approval process is to allow apes without the karma/age requirements the ability to participate in the sub. If you already have the required age/karma, AND if you do not get banned, there is nothing to fret over. Just carry on like Satori isn't even there.* + +**Q**: What sort of transparency exists between mods for how Satori is used? + +**A**: *All mods have access to the equivalent of a mod log for Satori. We can all see what actions it, and each other, take.* + +**Q**: Will Satori continue monitoring users after they have been approved? + +**A**: *Yes. Yes it will.* + +**Q**: If Satori is going to be banning users, should we expect to see a drop in membership? + +**A**: *This is entirely plausible, though the number of bans would have to exceed the number of new apes coming in daily. Don't be surprised if there is a dip, but also don't be surprised if there is not.* + +**Q**: Can mods release info on the actions taken by Satori, like how many users were approved, how many users were banned, how many posts were deemed FUD-y, etc.? + +**A**: *The dev team is meeting next Tuesday to review their first week of results. I won't have any additional info regarding this question until then. Stay tuned.* + +**Q**: Is the requirement age AND karma, or is the requirement age OR karma (whichever is greater)? + +**A**: *This is an AND scenario. Apes must have the necessary age AND karma requirements to comment/post. Lacking either will result in automod action unless the ape has been approved by Satori already.* + +**Q**: How do I know if I am approved? + +**A**: *Apes will receive a notification saying as much.* + +&#x200B; + +[ Satori \(覚, \\"consciousness\\"\) in Japanese folklore are mind-reading monkey-like monsters \(\\"yōkai\\"\) said to dwell within the mountains of Hida and Mino. ](https://preview.redd.it/arhuulwo7p271.png?width=389&format=png&auto=webp&s=9b2c2d68cb30f1883cdcf61c628ef2c0b53b6579) + +Back to u/Pinkcatsonacid 🐈🦄 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# THE RETURN OF THE KING- DFV TWEETS AGAIN + +&#x200B; + +It's been 6 weeks. + +&#x200B; + +**The Kitty Has Been Watching** + +[The Kitty has been watching us the whole time](https://preview.redd.it/ypporfm3ap271.jpg?width=1080&format=pjpg&auto=webp&s=693fb1d3b75e16b1bd09d00c64d46811a6662b72) + +&#x200B; + +In the video of the comeback tweet, a cat is seen perched, casting an ominous shadow behind him, while *O Fortuna* plays in the background. + +u/tropicalsecret translated the lyrics for us: + +*O Fortune, like the moon you are changeable, ever waxing, ever waning, hateful life first oppresses and then soothes as fancy takes it; poverty and power it melts them like ice fate – monstrous and empty, you whirling wheel, you are malevolent, well-being is vain and always fades to nothing, shadowed and veiled you plague me too; now through the game I bring my bare back to your villainy fate is against me in health and virtue, driven on and weighted down, always enslaved. so at this hour without delay pluck the vibrating strings; since Fate strikes down the strong man, everyone weep with me!* + +&#x200B; + +**OUR KING KITTY HAS RETURNED 👑🐈** + +&#x200B; + +🚀🚀🚀 + +&#x200B; + +**Breaking Through the Floor** + +[John Wick prepares to fight back](https://preview.redd.it/2m46chtkap271.jpg?width=1080&format=pjpg&auto=webp&s=1a7c08ac3d495bab67c61e67d037bec910055751) + +[Here is the scene for context.](https://www.youtube.com/watch?v=52Ikr4574fM) + +&#x200B; + +John Wick had his ass kicked. His dog killed. He was down and beat. And this is the scene where he decides to fight back. And he breaks through the floor to find his weapon- the pencil. + +&#x200B; + +🚀🚀🚀 + +&#x200B; + +&#x200B; + +[\\"... you're locked in here with me!\\"](https://preview.redd.it/yqqakg4cgp271.jpg?width=1080&format=pjpg&auto=webp&s=7673e7d9b7eb557119de7f2648153e424b32d8f2) + +&#x200B; + +Self explanatory, I think. + +&#x200B; + +[pls stay with us](https://preview.redd.it/ifdy8l5njp271.png?width=512&format=png&auto=webp&s=b050a60e98bf97459c2c319d64b1595a60bd453a) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/BodySurfDan and [u/RiverJumper84](https://www.reddit.com/user/RiverJumper84/) + +&#x200B; + +u/BodySurfDan [**dropped another bop on us with lyrical flow that will make you dizzier than Death Spiral Financing.**](https://www.reddit.com/r/Superstonk/comments/npts59/get_jacked_good_lord_gamestop_the_gamestop_saga/) + +&#x200B; + +[me](https://preview.redd.it/zlyfmuy7fp271.jpg?width=1080&format=pjpg&auto=webp&s=a0919e6196c9627bb1e3c07728c55e92bc4f407d) + +How many times did I bump this while driving around this holiday weekend?? More times than my family can quite understand. + +&#x200B; + +[u/RiverJumper84 **is repurposing old Gamestop commercials.**](https://www.reddit.com/r/Superstonk/comments/nokxvf/im_repurposing_some_of_gamestops_old_commercials/?utm_medium=android_app&utm_source=share) **Get a hit of humor and nostalgia with these masterpieces.** + +He's doing a series so check that out! + +&#x200B; + +*This is the most creative and amazing community. I'm so proud of the art apes make every day! You make the sub, and the world, a better place! 💪* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Lucy Komisar and Wes Christian AMA🎤 + +&#x200B; + +**Tomorrow we will be welcoming back Lucy Komisar, this time as a special guest host for fellow AMA veteran, Wes Christian!** + +&#x200B; + +[Wes Christian](https://preview.redd.it/h6y6nt1qkp271.png?width=170&format=png&auto=webp&s=daf79a5cb171c64fe5bebdaf8d8520ef5e7a5245) + +The topics of discussion are going to be Naked Short Selling and Death Spiral Financing on a broad, market-wide scale. + +&#x200B; + +[There is still time to submit your questions in the official thread!](https://www.reddit.com/r/Superstonk/comments/np7tmd/official_ama_question_thread_for_lucy_komisar_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +# [Tune in tomorrow- Wednesday, June 2, at 4:30 pm Eastern on Superstonk Live YouTube!](https://www.youtube.com/c/Superstonk/featured) + +&#x200B; + +&#x200B; + +[Lucy Komisar](https://preview.redd.it/0mdo7wjmkp271.png?width=1542&format=png&auto=webp&s=0a41910a51cf988dfcb12e972f41fb7fc8c278df) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE! by [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +&#x200B; + +Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares. + +We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us. + +By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end... + +There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation. + +&#x200B; + +https://preview.redd.it/kjx3hmccqo271.png?width=1000&format=png&auto=webp&s=c1909cbc65550b7246a59426796b41022f37f517 + +And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions. + +&#x200B; + +**There is proof that this works, as we are receiving news that** [**Etoro**](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/)**,** [**Tiger**](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share) **and** [**FUTU**](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) **are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.** + +&#x200B; + +[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/) + +&#x200B; + +[**Also, be sure to read this piece by**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [**u/Nauaf**](https://www.reddit.com/u/Nauaf/) [**on how to vote your shares!**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +[Meme credit u\/PikePies](https://preview.redd.it/k0bxwrzvap271.png?width=720&format=png&auto=webp&s=bb47d5d166d66b9ddfa0864f14ddd4baec53d191) + +&#x200B; + +**Comment ! apevote ! (without spaces) to receive your custom voted flair!** + +&#x200B; + +&#x200B; + +[Credit: u\/OfficialRedditMan ](https://preview.redd.it/vuod38t9pp271.png?width=960&format=png&auto=webp&s=f08d4a6412863d95600bb3a004f6cd53282f57c3) + +&#x200B; + +If you lost your custom flair teaching others how to get the voted flair, thank you for your service! We do flair threads every Friday, and u/Bradduck_Flyntmoore does wild flair threads all the time! + +&#x200B; + +Back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 🐈🦄 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Note from your friendly local Pink Cat 💖🐈 + +&#x200B; + +So Red's post also addressed the fact that myself and u/Bye_Triangle have been promoted to full Admin Mod positions. This means we have equal mod permissions to u/redchessqueen99 and u/rensole. Red and Ren discussed the matter privately, then approached the mod team for a vote. I know I can speak for both Bye and myself when I say I am humbled and truly honored at the responsibility given to me. Honor is a big deal to me personally, worth much more than money or even $GME. + +&#x200B; + +I won't speak too personally here, but I want you all to know a little more about one of the apes you have representing you and fighting for the cause. I love reading the motivation posts and knowing every ape's personal reason for HODLing. This is mine. Feel free to skip if you don't like the fluff stuff. + +&#x200B; + +I would like to share with you all here and now, that as a Native American woman, my story goes deeper than just GME. My personal motivation in the GME saga is not only because I love the stock and think it's going to change the face of retail, especially with RC involved.... and not only to enrich the lives of my family and change the system.... but I also hope to bring water back to my tribe- both literally and proverbially. I have intentions to completely change the lives of my registered tribe and all indigenous tribes after the Tendieman comes. This isn't an attempt at being political or anything, I hope it isn't received that way. I just feel compelled to share this with you as I'm appointed to help steer this ship. This is so much bigger than Gamestop. And you have my word, on my honor, that I will fight for every ape and do every one of you proud in this position. + +&#x200B; + +**They've criminalized our free market.** + +**They've shorted the very foundation of our financial system.** + +**They've robbed the Treasury.** + +**They've taken our businesses.** + +**They've taken our homes.** + +**They've taken our families.** + +**They've taken our land.** + +**They've taken our water.** + +**They've built this system on a House of Cards.** + +**And now, the people fight back.** + +&#x200B; + +As our friend u/StonkU2 always says, + +# Profit to the People, Power to the Player. ✊ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉HYPE WEEK🎉 + +&#x200B; + +**Monday**\- NYSE Closed for Memorial Day + +&#x200B; + +**Tuesday**\- DFV TWEETED- THE KING IS BACK!!! + +&#x200B; + +**Wednesday**\- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern! + +&#x200B; + +**Thursday**\- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern + +&#x200B; + +**Friday**\- Take your protein pill and put your helmet on. 🚀🚀🚀 + +&#x200B; + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week... + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +https://preview.redd.it/zxfi7po1ko271.png?width=1600&format=png&auto=webp&s=f68c0bdaad9ae771c712bdcf29b0220b7d384909 +It finally paid off. + +Foregoing the fun Friday nights. + +Not spending my salary on a new vehicle. + +It all paid off. + +Me and my girlfriend can afford our normal lifestyle for a year. No matter what happens. A year. I haven't been laid off, but if it does happen we're okay. I'm so proud of us, even though it took sacrifice. We're not scrambling to figure out "what next?", because we budgeted and planned for this. + +*EDIT* Below I have included financial information. A recent job change has possibly made me not "poverty" level anymore. If so, I will remove my post. I dont want this to be a "pat me on the back", and would like to share how we have prepped for the "apocalypse". + +Financial Information: +Job: Inside sales. (27K base, extra 13K if quota is reached) + +Previous Employment: Truck unloader + +Education: Bachelor's in Business Administration (cheapest state school I could find. Had one scholarship). + +Current Debt: 16.5K (All Student Loans). + +Rent $736 a month + +All Bills: Approx. $200 a month. The season is a factor. + +How we did it: +Canned foods, Intermittent fasting to put us at 2 meals max. Paid off my vehicle with double employment. Cheap meals where leftovers gave us 2-3 meals a week. Light prepping in the pantry, so we wouldn't have to shop if something kept us in. MOST IMPORTANT: Odd Jobs. I made some very decent money on ranches, and farms. Hard work but it paid. In some cases I lived on the ranch, did work, left for my evening job, then woke up to do it again. It was how I paid for my car, and a chunk of my education. + +Sorry if the salary no longer makes me poverty. It was a pretty recent promotion. +We've just hit the 200,000 subscribers, congratulations everyone! + + +Throughout the years this subreddit has seen a lot of donuts, lambos and bags but one thing that has remained the same is our tiny community <3 (well not so tiny anymore now). + + +Thanks to everyone for making this subreddit great. + + + +Just seems to be a lot of high salary earners on here interested in what your careers are? I am making a terrible wage and I’m 30 and wish I could get out of hole that I am in currently. Just want a career change and some stability in my life I currently work in the healthcare sector in the UK which is badly underpaid and undervalued. + + +Hello all, + +I have recently left my organisation and had to return some bonuses (including tax) that had a 12 month retention period. + +The thing is the bonus was paid on Feb of 2021. I have already filed my taxes for FY20-21 last year. + +I contacted my org, they told me that they have updated TRACES. They aren't assisting me beyond this... + +I'm not sure just how to get my tax refunded and what those steps are. Would appreciate some help to understand this. + + + +Update: I was able to file a revised return with a CA. Got the tax refund! +FFS we've been over this already. Some ape already did this a few months back and it was not publically accepted then, and it shouldn't be now. + +Sabotaging public information makes us look bad. We don't need to give the media any more reason to target us. Yes, the SEC has been quiet and hasn't done shit, but that doesn't mean we should edit the Wikipedia articles. + +We only have to do one thing, everything else is noise. + +Edit: If you want to protest, buy the stock, do some research, publish DD. All changing Wikipedia articles do is force some random Wikipedia editor to change it back. + +Edit 2: "How do you know it was an Ape?" Top post literally asks "which one of you did this" and I don't see any of you correcting that. We DO HAVE A HISTORY of changing Wikipedia articles. It was a funny meme that got shut down by mods. I'm asking you guys to keep it that way. + +Buy. HODL. VOTE. +I currently work in a sales role where I work 6 1/2 days a week and always take work home with me. I really like the job and next year if I continue on the course that I’m on I’ll be earning 110k but that is working my ass off. + +Yesterday I got a call from a client asking me if I wanted to go work out at a mine site driving trucks on a 7/7 roster earning 110k a year and then it goes up each year after. + +Has anyone left a job they liked to go out to the mines ? Did you enjoy it and would you recommend it ? +Hey bud. + +Take some deep breaths, nice and slow. Put your hands on something solid... Your desk or table or something like that. + +Be right here for a minute. Just focus on your breathing. + +I know things are a lot right now and this dip is scary, but also right now you're ok. Walk away from the charts for a while, enjoy your friends/family/pets and come back after a while. This shit happens all the time in crypto and we are still solidly in the midst of a bullrun. Give the whales time to shake out weak hands in order to scoop up more on discount. If you can buy the dip, if you can't buy the dip just hold and you'll be ok if you just have patience. + +If you're panicking right now, maybe reconsider how much you have invested or what coins your invested in. This is a volitile space and your mental health is more important than some quick gains. Take care of yourself, stay hydrated, check your posture, and keep a big picture perspective. +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! + +These days I am fearful of what 2022 has + +High inflation rates and high infections rate in Australia (some might say we now have the highest infections rate in the world). High gas prices and empty shelves all in an election year with the potential of a hung parliament. During the past 2 years, billions of dollars were wasted (or spent or injected into the economy (pick whichever aligns with your political view)) and a national debt that was not imaginable just a few years ago. A whole generation is locked out of the property market. Different sectors of the economy are hardly hit by the virus and a government that doesn't have any practical option to help without adding to inflation. + +ASX 200 has lost more than 6% in the past 5 days alone. Just today 59B was wiped off the market. We are just %2 off the correction territory and if the last 5 days trend is anything to go by less than a fortnight away from the bear market. + +GSFM advisor today publically admit that “The RBA stuffed it up,”. + +Things are even worst in the US. Last night for a brief period S&P 500 entered the correction territory. And if the futures are any indications of what is to come, tonight they will enter the correction territory right after the bell. This year is the US midterm election and people are not happy with the high level of inflation (%7+). There are now talks of even more than 4 interests rates. (Keep in mind the way they calculate their inflation is different than us.) + +And then we have the potential of the first European war in decades. Nobody expects the market to react favourably to that news when it happens. So even if things stabilize, there is a good chance of a huge drop when the first shot is fired. Why would anyone want to invest when the environment is so clearly unfavourable? + +Is it just me or things are getting unimaginably gloomy? + +Where is the safe haven in times like this? +$EVM. Love the automatic buyback function? Don’t miss EverMars! + +Automatic buyback is the new auto-reflection, but better! Built to actively manage dips and protect investors from Whale dumps. This function has been showcased on a number of projects so far, and works incredibly well! + +EverMars had a small 100 BNB presale that filled instantly! This shows the project has plenty of hype, but also plenty of opportunity once the token launches! You will not want to miss this one! EverMars features the automatic buyback AND reflection to holders. You get the benefits of both!! + + The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will rarely ever see 2 sells in a row! + +Why should you invest in EverMars? + +EverMars token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time, unless ofcourse it is manually switched off, to be efficient. Manual buy back is what gives EverMars an edge, and so it is important that they are efficient. + +Important Links: + +Contract: 0x57c56665B2bcdf3CB86E40A9D3DC21f5b0AeD7Ad + +Telegram: https://t.me/EverMars + +Website: evermars.cotwitter + +Twitter: https://twitter.com/EverMarsBSC + + +As I always say. PLEASE do your own research before investing. Do not invest more than you are willing to lose. Any project is not without its potential pitfalls, so be smart! That being said, I highly recommend this project! +The two available to me right now are political surveys (hardly anyone picks up) and taking calls for SBA, which is mostly listening and transferring. For a second job, it’s pretty sweet. The hours vary, some go as late as 11, cst, but it’s sign up for it then work it, not assigned shifts. + +Hope it helps! + +Edit- gotta have a pc and internet. + +Edit - I’m locked out for some reason, I can’t answer questions?!? Maybe dm me? +Bit of an odd question maybe but I've been curious. I have a few ETFs, one example being the iShares S&P 500 Financials (£UIFS), which are UK-listed and £-denominated but obviously seek to track exclusively the US market, in this case the S&P 500. + +How are these funds priced on the UK market between 8am-2:30pm given that the US market is closed at that time? Bearing in mind they are ETFs and not investment trusts like SMT whose price reflects supply/demand? + +I did Google this but didn't find anything helpful! + +Edit: Probably should have said priced\* rather than valued! + +Cheers! +We know you’re here. You know we know you’re here. + +It hasn’t gone without notice that a narrative foundation is being laid to blame retail investors for meme stock volatility, and to justify intervention “for the sake of the market and to protect unsophisticated investors from their own choices”. + +Today’s wild swings were caused by institutional investor sell off and further hedge fund antics. Retail investors are holding. If there is volatility, it’s only because the “experts” are gaming the system and losing at it. + +The little guys are going to come out on top for once -provided you can avoid the lobbyists’ calls to save them or bail them out. Don’t repeat 2009 please. +Hello, I'm 19 years old in Canada and want to buy a property so that I can rent out a part of it and live in the other. I like my privacy so I only feel comfortable in properties that are separate (ex:duplex,etc). My question is what is the best property to buy for beginners, in terms of safety of investment? What I'm looking for is simply to break even on living expenses or needing to pay less than 100$ out of pocket for expenses. PS. I'm not looking to buy soon just looking into it to buy in 1-2 years. +# [Brett](https://twitter.com/Brett_FTX) has agreed to do an AMA with us🥳 + +We're still discussing all the details but we want to start collecting questions. + +[Partnership announcement](https://preview.redd.it/fg3evysyf1n91.png?width=1156&format=png&auto=webp&s=e2bcbdcf7b6c6b628477b1b59f4d21cdf241f4b2) + + [https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx](https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx) + +What is [FTX](https://about.ftx.us/)? + +FTX.US is a brand new US-regulated cryptocurrency exchange, built from the ground up. Our mission is for FTX.US to grow the digital currency ecosystem, offer US traders a platform that inspires their loyalty, and become a market leading US cryptocurrency exchange over the next two years. + +Brett's Bio - Prior to joining FTX US, Brett was Head of Semi-Systematic Technology at Citadel Securities, where he managed technology for the firm’s Options, ETF, OTC, and ADR trading globally. He began and spent the majority of his career at Jane Street, where he led the firm’s algorithmic trading system development. He also previously worked at Headlands Technologies as a senior software developer. Brett received his M.S. and B.A. in Computer Science from Harvard. + +Thank you in advance to anyone leaving a well thought-out question!! We always get compliments on the questions💖 + +(shoutout to [u/rimjeilly](https://www.reddit.com/u/rimjeilly/) for reaching out to him! Here's [their post](https://www.reddit.com/r/Superstonk/comments/x9mjre/mods_ftx_brett_replied_to_me_and_agreed_to_an_ama/) showing Brett's response) +So over at r/abrathatfits. We a while back I asked them about where I could find bra sizes that wasn't +45 bucks per bra. And they sent me over to https://lingerieoutletstore.co.uk/ + +I've ordered three times from them and the bras are great good quality and they hold up, my last order I got 5 bras for around 70 bucks. + +They do take a very long time to get to the US but they are worth waiting for at that price. (I do suggest playing a little more for the shipping. Cause that last order took a little over a month) +The story of the game is about a Flapjack Octopus with a dream of visiting the moon. When he tells the others his dream, they laugh and call him crazy.  He didn’t give up  and became the oceans first astronaut. During gameplay Flapjack octopuses first mission is to get out of the ocean to take off to the moon by fulfilling tasks and completing levels. Once they become real Moonjacks, there will be new missions to be accomplished and many more planets to be discovered. + +The Main utility of #Moonjack tokens when game has been fully developed: + +1.Earning $Moonjack as rewards and Spend $Moonjack for all in-game actions. + +2.Our Collectable NFT MOONJACKS are ultra-rare and unique non-fungible tokens, featuring characters and stories from the upcoming Moonjack game. + +Once the game is ready, developers will increases the utility functions ( NFT staking and more) + +The Moonjack project is only 2 days old and have done everything what they have promised so far. The project owner is very transparant and is looking into partnerships with experienced game developers. + +Become a Moonjack and join the Moonjack community + +🔥🔥Join Telegram and become a Moonjack👇 +@moonjackchat + +🔥🔥Check the website and whitepaper for more details 👇 + https://www.moonjacks.io + +Right so this one looks good the main reason I say this is due to the team behind the project who are constantly working on making it a success. + +I believe in them. Hop in the telegram to find out more! +This is a popular technique by HFs, to slowly let a stock fade intraday. + +Crymer explains it pretty well, since he is a slimy HF and told us those neat tricks: https://youtu.be/gyaPf6qXLa8&t=55s + +They are ON PURPOSE creating a negative feel towards the stock, now we all see the 3 to 1 buy ratio on Fidelity, other brokers most likely look the same so you know us Apes are panic buying the dip. I personally today wired another batch of cash in, due next week. Because these prices are a gods gift. Thanks again Hedgehogs for the discount. I'll make sure those shares never see the eye of the open market again! + +The price now is FAKE and it is costing them money to drive it down, BUY THE DIP AND KEEP HODLING. SOON MAY THE TENDIEMAN COME TO SEND OUR ROCKET INTO THE SUN. +Hello I have two 401k accounts from my 2 previous jobs and I would like to have them both under the same roof. I was thinking of rolling then into my current 401k plan but I don't know what would be best. + +Thanks in advance +EDIT - Thanks for the gold! Much appreciated. + + +I didn't have a good grasp on money as a kid, and my folks didn't give me much direction. Got married, had kids. + +I realized I was doing the same things my folks did with me, as I was doing with my kids. + +It all came to a head my daughters freshman year in HS when she got her first job. She did very well, but I realized she was spending every penny (I was co-account on her checking/ savings). After a couple of months of watching the money get spent her mother and I sat down with her, and discussed every latte, snack, clothes bought. She was stunned to learn she spent 1K and really couldn't recall on what or when. + +We immediately implemented the 2/3 rule. Every check she got w/out question was immediately split. 2/3 went in her college/ savings account. The remaining 1/3 was her "free cash" to be used at her discretion. She grumbled and complained (initially). + +We held our ground though, and did the same with our other 2 younger children. + +Exception to the rule was 1. Money gifts, we only asked that 50% be deposited. 2. Around Thanksgiving we allowed only 1/3 of earned money went in savings for 2 checks (1 month) to allow for gift giving etc. + +By the time she was done with 4 years of HS jobs she'd saved about 6K. Enough for her to pay for college expenses we didn't cover. + +One child bought a used car for cash out of her savings, including insurance and the other is still saving, but used some to do some travel. + +They now have a solid foundation for saving, understand that we were never "taking" their money but rather instilling in them how good it feels to have a little financial stability. + +TDLR- if your kids have summer jobs, create a savings account and put 2/3 in it each time they are paid. By the time out of HS they will have a nice pile of cash for college and/or other large ticket items. +EDIT: This got more attention that I expected! Thank you to everyone for your advice and well wishes for me. Really means a lot! Sorry to anyone I haven’t replied to. + +Obviously this is a specific situation that many may not have experience with. + +However if there is anyone out there that can give me some tips/advice on how to best plan for this, it would be greatly appreciated. I have a strong support system with my family that will hill help me any way that they can. + +I have a small amount of money in my checking account, and also a couple thousand in stocks that I would prefer not to touch. +**Why will Casper FFG like be a tailwind for ETH price (expected to be deployed in Fall 2018)?** + +Here are 4 factors I believe to be significant (ordered by importance): + +1) *It helps prove full-Proof of Stake could work.* Right now, PoS is an implementation risk for Ethereum, but if hybrid PoS-PoW works, it shows that Ethereum's full value proposition of becoming an energy-efficient blockchain may be possible. So far, all has gone well with on test net. This will create additional hype behind Ethereum as a successful project with even more potential. It will also reduce Ethereum's reliance upon mining pools, and the risks that come with them. + +2) *Mining rewards / supply inflation will plummet.* Issuance is expected to drop by 80%, dramatically reducing ETH inflation. It is also possible that burned fees could result in supply deflation, but I wouldn't expect this early on. It also reduces the risk of a 51% PoW attack (which even now is unlikely for ETH). + +3) *ETH becomes an income producing asset.* ETH will generate between 2% and 8% income for validators / stakers. Right now, it looks like they are targeting 5%. This income will come from fees, and if necessary, from modest inflation. Staking pools will soon be in place to allow for staking with any amount, and it's likely big companies (like exchanges and other TBD custodians) may make the staking process very easy for users after some time. + +4) *Provable lockup of supply.* About 10% of ETH supply is expected to be staked at the start. Those ETH must stay locked up for the duration of a staking period (a period of several months). This could reduce market liquidity and help drive up the price. It may also spur a round of buying by individuals and institutions who want to get to the minimum staking amount (1500 ETH at the start). + +*Bonus Factor:* Also, at around the same time, we are likely to see many different types of Plasma implementations as L2, thus adding much needed scaling to the system. I expect this will increase the volume of tokenized assets on Ethereum and overall bring more activity / usability to the Ethereum ecosystem (thus boosting developer and user adoption, and further entrenching network effects). + +From where I sit, things are looking pretty good, as an ETH-investor and an Ethereum ecosystem fan. Excited to be here and a part of this community during these eventful times! +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. +Throwaway for privacy etc etc, but long time lurker. Background: + +I grew up what would probably be described as lower middle class, my dad working as a self-employed mechanic and my mom as a receptionist. I got into tech, had a windfall, now NW of \~$21m in my early 30s. + +My parents are now in their early 60s and still working, but starting to slow down, and I recently had a conversation with them about retirement. It was fun but a little heartbreaking to hear their excitement of trips they'd like to take, hobbies they want to try, how they want to spend more time with my nephews, but they are stressed about the future and feel like they'll need to keep working for a while. + +I'd guess they probably currently spend around $40k/year. + +It sounds like they have about $200k from an inheritance sitting in a savings account, but no other savings or retirement planning. They own their home and should stay there for another good while. This conversation came up because my dad was asking what to do with what they do have, so I talked to him some about various Vanguard index funds we could set up. + +Anyway: + +I'd love to and am obviously financially able to help them, but I'm not sure the best way to do it. They are a little stubborn about accepting money. One thought I had is that once they get a Vanguard account going, also hooking up my bank account so I can contribute without directly making them accept a check or whatever. (Will need to see if that's, uh, legal.) + +Would love to hear any thoughts if anyone has been in a similar situation, or advice on what a structure to help them live their dreams would look like – or even how to talk to them about it. Thanks! +Full press release here: https://www.businesswire.com/news/home/20221120005104/en/The-Walt-Disney-Company-Board-of-Directors-Appoints-Robert-A.-Iger-as-Chief-Executive-Officer + +BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately. Mr. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney’s CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term. Mr. Iger succeeds Bob Chapek, who has stepped down from his position. +Having been an Aldi shopper for 5 years, I’ve seen them gone from undercutting every supermarket to suddenly taking advantage of the current situation and hiking their prices up at a rate that means they are no longer the cheapest anymore. + +I understand everything is going up, but I feel like it’s a coincidence that Aldi have now taken over every town and city, have taken customers away from the traditional supermarkets, and opened new stores in the last year while rising their prices. + +It feels like their was a plan to get us all on board and now that we are, they’ve lost their competitive edge. + +I keep my receipts and made comparisons with lots of products and some are quite surprising! + +ridge salted crisps now 99p (6pack) +Morrisons currently have 24pack of Golden Wonder for £2.50. + +Cream cheese for cheesecakes etc, was 45p last year, now 85p (200g) +Morrisons soft cheese - 79p (200g) + +Penne pasta was 29p now seem to only stock the 69p version in my store. +Asda essentials penne - 32p + +There are lots of others similar products which can now be bought a for a lot cheaper at rival supermarkets and I guess this post was just me highlighting my shock. + +Have you noticed any radical price changes at Aldi/lidl? +As most of you know, we can't evict tenants due to non-payment of rent. + +I have a tenant that owes me ~6k. Can I write it off as charity so I can get some sort of benefit out of the government forcing me to let them live here for free? + +Edit: More details: + +* I purchased the property with the nightmare tenants in February. +* Other tenants stopped paying for a while during covid, but worked with me to apply for assistance programs. +* Tenant stopped paying for water, electricity, and rent in September (which is when their lease expired). They have not paid a penny since then, have refused to file for covid assistance, and refuse access to the unit for pest control or for us to fix the broken water heaters on the unit. +* We filed for eviction in November. Got an appointment in December during which tenant told judge they couldn't pay and we're applying for assistance (which is a lie). +* We have filed for an appeal 3 times now. No date has been assigned yet. +* Tenant is on social security, which my lawyer says cannot be garnished after covid ends. +* This question is serious. I don't expect to be able to write it off as charity, but many people are acting like me providing an expensive service for free is the same thing as not collecting income due to vacancy, but its clearly not. If grocery stores were forced to give out groceries for free you can bet their tax accountants would find a way to write it off. +I’ve been in involved in California investment properties for 40+ years. The landscape has changed, significantly for the worse for landlords IMHO. My last two negative experiences and status of rent controls: + +-apartment tenant brought in unauthorized pitbull and girlfriend. Obviously I wrote stern letter to correct or quit. City paid tenant attorney wrote response accusing me of discrimination. Then they filed bogus mold claim. + +-foreclosure on a first trust deed (investment) in default. Took five years to wind itself through court proceedings before foreclosure sale, first judge was anti-landlord and granted several questionable delays in debtors favor. + +-CA, has state wide rent control limiting rent increase to 5% plus CPI not to exceed 10% per annum. + +-many northern California cities are adding rent control and or eviction controls or restrictions, Antioch is the latest with a max allowable rent increase of 3% per annum. Other cities include Hayward, Emeryville, San Leandro, Alameda, Union City, Mountain View, Concord. And of course Oakland, San Francisco, Berkeley. + +With difficulty of operating rentals in California, should an investor even consider buying California small multi unit properties in the current anti-landlord impossible to evict bad tenant environment? If not California, what Geographic markets beckon? +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! + +What up Autists, Retards, Autistic retards, retarded autists, re-tistic au-tards, tardau tisticsre, degenerate gamblers, wise investors, YOLO kings, loss queens, dumb cunts and the rest of you that resides in this hive of scum and villainy. + +It's ya boy BigJimBeef coming at ya with Fridays Bets and Bans and [Big Bouncing Breasts](https://www.youtube.com/watch?v=25GNYaiEDhs) post. I am absou-fucking-loutley honored to have been asked to do this and as the 1st person to have a go at it I am going to knock back 6 shots of Tequila 2 shots of Rum and see where this night takes us. So before I black out or become completely incoherent lets act like a highly trained malnourished Olympian and [dive](https://youtu.be/T33IE_RohGM?t=6) right in: + + + +Coming in hot u/ChalkyAus bet that LKE will make another Market Sensitive announcement (not their quarterly) before 10 August or he will take a fortnight with the sad sacks on the other side of the fence... in other words he will have 2 weeks ban. [Graph](https://imgur.com/a/ar5ziVr) + +Next with his/her/they/their smouldering good looks and meme stock investing skills is + u/_Smoulder_ who bets that if Z1P, everyone's fav BNPL meme stock, doesn’t reach $11.5 before Aug 31st he’ll take a 31 day ban. With only a few days to go the tension is palpable. Let's see what news drives the price up 50% :P + +I have some skin in the game on this next bet and I am shocked and appalled that anyone would make a ban bet about this particular dodgy fucking penny stock BPH. Seriously guys how many brothers have to fall to NOPTA approval? Anyway BPH to get approval by 31st of May hold up a sec, fucking scratch that u/FameLuck extended this one by 3 months by doing that [shoey](https://www.reddit.com/r/ASX_Bets/comments/noozhu/fameluck_shoey_warning_ginger_face_reveal/?ref=share&ref_source=link) so at the end of August if BPH don't have NOPTA approval u/FameLuck gets a one year ban. Flash forward to 2055 when it's still not approved and the robot overlords rule us all. + +So anyone remember that fucking [poll](https://www.reddit.com/poll/nry9a9) about the ban or mow the lawn in a pair of golden speedos that u/heavy798 was involved in? Well it comes due on the 31st of August. Tick tock motherfuckers. Looking forward to that video, get your popcorn ready. + +u/Coloneloscoppy has a bet due on at the end of August as well. Pretty fucking high stakes, a year ban if BBUS below 1.2575 on August 31st. + +Ok so if u/yaals doubles their money on YOW within 3 months u/debtandregret1984 will eat a yowie toy. Did this happen? Will u/debtandregret1984 eat a yowie toy? I have no clue. + + + If RAC touched $2 yesterday on August 5th u/theoriginaluser01 has some to do a pretty standard warm milk shoey. Taste that milky goodness. + +OZL going to be hitting $30 by the end of September or a 1 month ban for /u/daddyhitch + +2 week ban if LKE doesn't fall on its balls back below 45c by 13th August ban for /u/BillyZaneTrain. +Looks like it wasn't even close so a ban for BZT. Also I am semi-reliably informed that the big BZT is dating an actual gold medal winning swimmer. Big if true and would be nice to know that at least one person in the relationship is doing something with their life. + +CXO finish green on Friday the 6th or /u/Take1tez takes a 1 month ban. It didn't so that's a swift banning. + + +u/Logicorluck bet a weeks ban if ROG does not hit .015 by Monday close... I am not sure about the exact date but I am going to take a wild guess and say it didn't since the highest i see is 1c over the last month or so. + +u/thub1990 bet 1 week ban if LKE doesn't hit 70c by close on Monday at some point. Once again... Yes that's a banning. + +LKE to trade within the 25-30c range by the end of August. Not long left and it looks like u/billy2608 will take a month off and donate $50 to charity. Unless of course it drops by 50% in the next few days. Seems as unlikely as z1p to $11. Also u/ewanelaborate jumped in on this i believe. + +This one is slightly complicated but + +u/darkraiden u/FameLuck u/Texas_Tom u/LittleTimmysGrowFund u/VintageKrumb Losers on the PUR bet to take 4 week ban. +The bet was: PUR will hit 9c before VML hits 7c or vice versa. Condition: Close on the day they hit must be at least 90% of target (8.1/9c and 6.3/7c respectively). [To counteract next investor pumps] + + + +u/redditanomalyy bet 1 year ban ABB will trade above $4 by end of year. Looks likely from where I am sitting. Tick tock! + +noted IXR to close grey or u/logofpoo purchases 1 share of DLC. Can you even buy 1 share ? I believe the minimum is $500 so I have no idea how this will work, sort it out! +Proof or ban u/c-migs user was banned for not having any proof. + +Our resident mod u/mcfucking called a proof or ban on u/camthebogan for saying he had 6 figures worth of BRK. Looks like he deleted his post and his account possibly as well. What a coward. + +u/BrianWright45 banned for spammed. What a jerk. + +u/ggidd has a 30 day ban for shilling. If you want a link to the said shilling you are shit out of luck cause the link i was sent dosnt work. I hope this one wasn't in error. + + +Quoting u/itsdankreddit :I'll take a one week ban if it (RFX) doesn't close above .063 this Friday close. Lets see how this one plays out. + + +Ol' mate and big swinging granny tits /u/rhythm34 won a quick bet that KNI would get a speeding ticket. Low hanging fruit but a bets a bet. + +u/sayayyy bet if CLT doesn't close at or above 0.080 by Friday close he'll take a week's ban + +Also u/flemdiggitty has probably a new ASX_BETS record on VUL. Bought in at 20c and is still holding. A Congratulations and well deserved fuck you is in order. I never felt comfortable that a retard like me was holding the record so i am glad someone else has it now. Unless of course i still have the biggest realized gain percentage record in which case can someone sell some VUL and take it off me. + +When I started this i had no idea the amount of work that went into these posts. Fuck a duck it goes on and on. The amount of ban bets is ridiculous! The mods put in a stupid amount of work and we need to put some damn respect on [ them] (https://www.youtube.com/watch?v=4jLT7GQYNhI) . + +SO i have a funny feeling deep in my balls that this will not be the end of the guest posts. Who will be next? Will Melvin Butters make a triumphant return? Will Plucky finish up with the butt stuff long enough to put a massive bet/ban post together? Could it be someone back from the dead? I will let the speculation go wild. Or mild. Its probably going to be some crazy cooky cunt anyway. + +On a slightly more personal note I am quite sorry that i have not been posting as many memes as i used too, work has been getting [crazier](https://www.youtube.com/watch?v=3fHl9bxVT58). I enjoy the extra money but I do miss the time i used to spend researching stocks and making memes for you all. Also I have been noticing a definite downside in my portfolio since i cant spend 5 hours a day looking into every aspect of the market. Might be a life lesson there. + +See you all! +I hope this is in the right place. + +&#x200B; + +I spoke with an employee via phone at my local LA Fitness about cancelling my membership 4 months ago. I am a month to month member and she told me I could cancel via email and to send it to a specific manager in XX department. I did so and I believed I have cancelled. I got a new credit card number due to fraud and now I'm getting calls everyday from LA Fitness saying I've missed my payment. 6 days in a row I'm getting these calls. The first time I spoke to a young lady and explained what I had done, how I followed instructions and cancelled the account via email and she acknowledged that was in the notes and she would have a manager call me to reimburse for the last 3 months (Yes, they continued to charge me) and to confirm my cancellation. Problem is everyday they call back (from a different phone number), it's a different person, with the same story ... "You've missed a payment, would you like to update your card" and I have to explain and they apologize and say the manager should call the next day, except .... + +&#x200B; + +Today when they called he said I couldn't cancel via email and that my account was still active. What is the best approach to get this situation fixed? + +&#x200B; + +EDIT: WOW! This is the first time I've had a chance to check on this post since yesterday and it's completely blown up. Thank you all for your responses, I will be reading through everything and will update on what path I take and the outcome. Also, thanks for the gold internet friend! +When I was out of work at the beginning of 2017 I decided to take the risk of investing some Christmas money into making my own laundry soap. It’s not a huge amount of money but when you don’t know when you’ll have money again it can be a huge risk. I’d heard it was much cheaper than conventional laundry soaps and I was looking for anyway to help ease the financial strain on my partner. I bit the bullet, went to get the supplies at my local Walmart, and I’ve never looked back. It lasted an entire year! It doesn’t leave any smell on my clothes (something I hated but if you enjoy and decide to go this route you can use essential oils to scent it). And it doesn’t even take up that much space. + +All you need to do is take 6 bars of Purex Fels-Naptha Laundry Bar & Stain Remover ($1.24 per bar or $7.44 total) and grate them. If you have or can barrow a food processor this makes the job a lot easier. Louder but easier. Now take your grated soap and mix it with 6 cups each of Arm & Hammer Super Washing Soda Booste ($3.97 a box) and 20 Mule Team Borax Detergent Booster & Multi-Purpose Household Cleaner ($4.47 a box). It’s recommended you use 2 tablespoons per load. Depending on your family size and activity level this could last you a year. Our household (myself, my partner, and a roommate) aren’t overly active people and I’ve found 1 tablespoon works fine. If you have a very labor intensive job or kids you might need 2. + +I got these prices from Walmart’s site as it’s the only place I can locally find these items. Sales tax in my state is 6.35% so it cost me roughly $16.89 to make one large batch of soap. You will have a small amount of borax and washing soda left. I roll mine over into the next batch but you probably could get away with using the whole box of washing soda (you’d be 1 oz short of the actual recipe) and an extra cup of borax and a bar of soap. Alternatively if you don’t have quite enough money to spare for a huge batch for $10.29 you can get a box of borax and washing soda but just one bar of soap and then buy more as you need it. It doesn’t change the total cost of the soap + +Edit: +1. I never mentioned I also have oxi clean which I use a small amount with the laundry soap when I do whites or spilled oil on my clothes. +2. There are comments that this recipe will damage your washer. There are also comments saying they’ve used this recipe for years with out problems. Please do your own research as washers can be different +3. For those asking if this is cheaper than X or Y option. I didn’t specify but this recipe makes roughly 384 tablespoons. That’s 4¢ per tablespoon. . +Here are just a few examples (plenty more if you just Google it): + +https://www.reddit.com/r/Superstonk/comments/mvu4nc/bofa_on_why_they_closed_their_banks_today_nothing/ + +https://www.reddit.com/r/Superstonk/comments/mv4q9i/bank_of_america_isnt_explaining_their_closures/ + +https://www.reddit.com/r/Superstonk/comments/mvce10/i_checked_how_many_locations_were_closed_for_boa/ + +This whole BOA thing is just recycled distraction and it's really concerning how easy apes are forgetting things that already happened. + +Just DRS your shares. That's literally all we need to do at this point. Don't worry about driving to your local BOA branch just to snap a picture of it being temporarily closed so you can post it on Reddit for karma. If BOA is really on the verge of collapse, apes posting about it won't make it a reality. +Happy Halloween Month everyone 🧛‍♂️🎃, + +I am eagerly awaiting the next bull run leg from the cryptomarket and possibly our last chance for this year until the bear market returns. + +Until then we have plenty of opportunities to make a lot of money especially in the altcoin space. + +Today I would like to introduce you to a BSC project that I have been following for some time and I am very excited about the next few months. + +The BSC project Aurum launched their new smart contract upgrade today. + +In general, the tokenomics: + +\- 1 Billion Total Supply + +\- 10% tax (buys, sells & wallet transfers) + +\- 5% to power automatic rewards distribution + +\- 4% for operations & marketing + +\- 1% for liquidity + +\- dynamic BuyBack + +Contract Address: 0x1deb45c74e0192d9272adf54e9a7519c48c2bd81 + +The new Smart Contract was successfully audited by Solidity Finance. + +The tax system is variable and can be adapted to the market situation at any time. + +Aurum has the unique feature that you can select your rewards in any BSC token. Whether it's $BNB, $BUSD, $CAKE or $Binance-Peg ADA...any BSC token you can imagine. And you only need to hold at least 100 $AUR tokens to automatically get the rewards!!!! + +But it gets even better... + +The Aurum team is pleased to introduce their very own BSC wallet with special features. + +The BSC Wallet is in beta for the first time and it is available as a Google Chrome Extension. + +Link: [https://chrome.google.com/webstore/detail/aurumwallet/dbjalbkmmlddppgjjdinppbjikfmhfmg](https://chrome.google.com/webstore/detail/aurumwallet/dbjalbkmmlddppgjjdinppbjikfmhfmg) + +Features that make it worth taking a closer look: + +\- Create BSC Wallet + +\- Import existing wallet with private key + +\- Send/Add tokens + +\- Swap tokens via PancakeSwap or ApeSwap + +\- Reveal private key + +\- Preset GWEI + +Other features will be added over time such as minting & showcase nft, copy-trade function or the live price charts in collaboration with ChainLink, which ensures accurate price data for investors. So stay tuned and try out the BSC Wallet! + +And as they say, all good things come in threes! + +The Aurum team is always on the lookout for new partnerships and opportunities to expand and discover new potentials of this project... + +Therefore, it can be announced that $AUR will be traded on ApeSwap on October 2nd. + +Furthermore, you can all look forward to the Aurum HQ or Aurum Cryptocentric Security Browser later this year. + +Check us out on Telegram + +[www.t.me/AUROfficial](https://www.t.me/AUROfficial) +I grew up really poor and moved around a lot. My SO also moved around a ton growing up. At one point he moved seven times in one year. When we got together and became a little more financially stable, we bought a house four years ago and we both finally felt like we had a home. The market and the area we live in is booming like crazy so we’ve been considering selling. 3-4 of our friends have already sold and pocked over 100k. One bought a bigger home, and the others are renting, and waiting for the market to go down. It is an option to have this be our forever home, but the prospect of a lump sum of cash is tempting. + +Should we sell our home and pay off our debts we’ve incurred, then rent or buy? SO is the only one working right now. I go to school and have about $60k saved up, but have credit card debt and student loans. SO has a lot of cc debt. He wants to rent and wait til the market levels off, but I want to pay down half our debt, put some money towards our wedding, then put down for a slightly bigger brand new home, while still saving a small portion to invest in index funds. We do currently rent out our rooms, and would continue to rent out a room or two in our new home to help pay down principle/create a lovely backyard. We did this with our first home to furnish our entire place within the year. What are your thoughts? + +Edit: +Just woke up and trying to read through the comments, which I appreciate everyone’s input. Just for clarification: + +I only have $8 grand in cc debt (zero percent interest from a balance transfer). The rest is $27k in student loans I incurred when I lost my fafsa because I started making money. $11k of it was when I was an 18 year old idiot and used the money unwisely, but stopped going to school when I was 20 to work and buy my current home. 15k I would like to pay ASAP, because it’s unsubsidized loans ranging from 3-5%, but I still get a better return in the stock market, but I don’t wanna pull out money to pay that down. I own my home with my SO so he would get a portion of the profits to pay down his debts as he sees fit. + +The reason i haven’t entirely paid down my debt is because I’m currently laid off and I think cash is king. I can pay my mortgage, which is priority number 1 with cash, but everything else can be bought with a credit card. I will be working in a couple months forsure. My job can usually net between $50-80k if I work full time, but I haven’t been offered a full time position in two years. All in total, my bills are only $950-1050/month. My car has been paid off for two and a half years and I bought he brand new when I was 18, I’ll ride that bitch til It dies. Anything I make more than that pays debt. I use my credit card for travel points so there’s always a rotating balance, but I do want a significant portion paid down. + +Once I start working full time again, I plan on crushing down my credit card debt and student loans within the year, especially if we don’t sell the house for a profit. Unfortunately my ccs have been carrying me, but I didn’t ask to be laid off. And as I’ve stated, you can delay paying off cc complete, but your mortgage needs to be paid with cash. We pay all our bills on time. + +My SO struggled with addiction and racked up ccs without my knowledge. He’s been clean for 2 and a half years and I’m trying to help him dig himself out the hole. He makes anywhere from 40-55k. I handle all the money and try to make 2-3k in payments each month depending on how much he makes. + +12k is in 401k +47k is in index funds/Roth ira + +I rotate with about $3-5k in cash at all times because I don’t want to touch my investments. To clarify, I’m not waiting for the STOCK market to go down, I’m considering waiting for the housing market to level off. I don’t live in California, so it’s not entirely unlikely, but like others have stated, it’s also all speculation. The other option is to sell my current house and buy 5-7 min away from where I currently live to a “cheaper” area but the house is still $350k. And it would be closer to work. We bought our house for $220k brand new from the ground up and still owe $200k. We would net about $130k. Our new house would also be a brand new build. + +We have considered refinancing and taking out a HELOC, but a lump some of cash is just as enticing. It would prolly shave off $2-300 off of our mortgage which is $1550. + +Soooo if we sold I can just pay off the 8k in cc and 15k in student loans, rent in a cheaper area or put down on our forever home. + +Long term: +-Finish school. +-Destination wedding (I know people have strong opinions, but as we get older this may be the last time our friends and family can get together before life takes up all the time). Plus traveling is very important to us. +-stay in current home or buy our next forever home +-keep funding my index funds + +Thanks for all the comments and insights! Going to watch joker right now, but will continue reading the comments when I get a chance. + +Thanks for the my first gold!! +This guy does not get the respect he deserves. Every time someone talks about purchasing with bitcoins, everyone just says ‘I don’t wanna be like the guy who bought pizza with his bitcoins.’ Did anyone know bitcoin was going to be worth 60k 10 years ago? Fuck no. This guy normalized paying with bitcoin so other people could take it seriously, and here it is years later performing stronger than most fiat currencies. Satoshi nakamoto created bitcoin with the intention of replacing the centralized monetary system. Give the pizza lover the respect he deserves. +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. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +FYI: This [WSJ story](https://www.wsj.com/articles/the-crypto-party-is-over-11655524807) was posted before bitcoin fell below US$20,000 today + +*The cryptocurrency industry was built on swagger, enthusiasm and optimism. All three are in short supply these days, as losses and layoffs mount.* + +By Corrie Driebusch and Paul Vigna +June 18, 2022 12:00 am ET + +On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the 30-second spot for the popular cryptocurrency-trading platform. The words that splashed across the screen as the commercial ended read “Fortune favors the brave.” + +Last week, Crypto.com laid off 5% of its workforce as its chief executive officer said on Twitter that the company was making “difficult and necessary decisions.” + +The cryptocurrency industry was built in part on swagger, enthusiasm and optimism. Bitcoin backers’ rallying cry to rebuff skeptics was, “Have fun staying poor.” Those who didn’t buy in were letting the future pass them by. + +At times, crypto has looked like a combination of Beanie Babies, dot-com stocks and the Velvet Underground: It is manic, it is money, and all the cool people are into it. It has also shared characteristics with other bubbles throughout history, marked by speculation bordering on delusion, disregard and disrespect for risk, and greed. + +Now, with markets sliding and inflation plaguing the global economy, cryptocurrencies have been among the first assets sold. Since bitcoin hit an all-time high in November, roughly $2 trillion of cryptocurrency value—more than two-thirds of all the crypto that existed—has been erased. Bitcoin itself has plunged to $21,206, roughly 69% off its all-time high of $67,802.30. Crypto exchanges are bleeding users, crypto companies are laying off workers with at least one contemplating restructuring. + +The crypto world is no stranger to booms and busts, which many in the industry refer to as “winters.” But many investors and workers are feeling this crypto crash more acutely than previous ones. When the dust settles, some crypto products and companies may no longer exist. + +“The reality is that like stock, with crypto, everyone is a genius in a bull market,” said Mark Cuban, who became a billionaire during the dot-com boom in the ’90s and has more recently invested in a number of crypto projects. “Now that prices are falling for both, those companies that were unnaturally sustained by easy money will go away.” + +**The fever pitch** + +Bitcoin was launched as a form of electronic money in 2009 by an anonymous creator who went by the name Satoshi Nakamoto. + +Its price rose—unsteadily, haphazardly, often violently and with big crashes sprinkled throughout—as more people jumped in. Numerous factors drove the rise, but crypto investors often shared a belief that the existing financial system had failed and crypto was the future. + +In April 2021, the largest U.S. cryptocurrency exchange, Coinbase Global Inc., went public with an $85 billion valuation, becoming the first major bitcoin-focused public company. It was viewed as a watershed moment for the crypto world. + +In August, the city of Miami debuted MiamiCoin, a city-branded cryptocurrency. + +The cryptocurrency complex pushed individual investors hard to join in. Crypto.com’s spot featuring Mr. James was one of several crypto ads that ran during this year’s Super Bowl. Ads for crypto companies are now splashed across Major League Baseball umpires’ uniforms and several major-league and college-sports venues. Coinbase ran an ad during the NBA Finals. + +In May 2020, well-known hedge fund manager Paul Tudor Jones revealed that he had a small portion of his assets in bitcoin, and called it a “great speculation.” At the time, bitcoin was trading around $9,000. Other professional investors followed. Bill Miller. Alan Howard. Stanley Druckenmiller. Suddenly, crypto was OK for the mainstream, it appeared. + +Last December, the red letters spelling out “Staples Center” were pulled down from the famed Los Angeles venue, replaced by new signs reading “Crypto.com Arena,” after a $700 million naming-rights deal, believed to be the biggest in history. + +Earlier this year, more than 25,000 people showed up for a Miami crypto conference, a slew of events across the city and the endless parties. Miami Mayor Francis Suarez presided over the unveiling of an 11-foot long, 3,000-pound, black, techno-styled bull, to rival New York’s famous one on Wall Street. The centerpiece at the conference’s expo hall was a giant, smoking, papier-mâché volcano. A party at the Versace mansion featured live music and synchronized swimmers. + +The panels and speakers raved about bitcoin and its future. MicroStrategy Inc. co-founder Michael Saylor, who leveraged his business-software company and put more than 100,000 bitcoins, worth more than $6 billion at the peak, on its balance sheet, said: “I am more bullish than ever on bitcoin.” ARK Investment CEO Cathie Wood said bitcoin would rise to more than $1 million. PayPal Holdings Inc. co-founder Peter Thiel suggested bitcoiners should make an “enemies list” of people opposed to the cryptocurrency. + +At that conference and others, “you could see this certain amount of euphoria and sense of invincibility,” said Dan Gunsberg, who started investing in bitcoin in 2015 and today is the chief executive at crypto-based Hxro Network. Mr. Gunsberg said he knew the ebullience was a sign of trouble: “Nothing that moves that fast, that parabolic, can stay high. Gravity pulls it back to earth.” + +**The crash** + +As fear of inflation rages, traders and investors are dumping assets in their portfolio that they deem risky. Shares of unprofitable companies have dropped swiftly, with many newly public technology companies losing more than half their value in the first half of the year. Also high on the sell list: crypto. + +So far this year, bitcoin has lost more than half of its value and currently trades at its lowest level since late 2020. Ethereum, another popular cryptocurrency, has fallen around 68% so far this year. + +“There was absolutely a lot of hubris across a lot of asset classes. That led to a lot of greed and unsustainable business models and a lot of leverage in crypto. That’s collapsing now,” said Alex Thorn, head of firmwide research at Galaxy Digital Holdings Ltd, a crypto-focused financial-services firm. “A large number of crypto funds will not survive this.” + +Many don’t appreciate the degree to which the sector’s growth has been aided by a long-running bull market in stocks and the market-juicing policies of the world’s central banks, said Joel Kruger, a strategist at asset exchange LMAX Digital. It was the very system crypto sought to replace. + +“The irony of it all is the easy-money conditions since the 2008 crisis have lent themselves to the greatest period of risk-taking we’ve ever seen,” Mr. Kruger said. “That benefited cryptocurrencies.” + +**The fallout** + +In retrospect, Mr. Jones’s “great speculation” remark may end up being the most prescient comment on bitcoin. The braggadocio that marked so much of the crypto world is fading as those easy-money policies have been reversed and the bull market in stocks has disappeared. + +The carnage has spread from the cryptocurrencies themselves to companies that provide services in the market. For exchanges, trading activity drives the majority of their business, and with the selloff, revenues have fallen. Coinbase reported a $429.7 million first-quarter loss in May and said its users were fleeing the platform, even as its executives sold stock and pocketed profits. In June, for the first time since its founding in 2012, it laid off staff—nearly one-fifth of its workforce. Its stock now trades around $51, compared with its high of $429.54 on its first day of trading on April 14, 2021. Gemini, BlockFi, and big-spending Crypto.com have also let staffers go. + +In early May, persistent downward pressure in the crypto market broke something big: the stablecoin terraUSD, a cryptocurrency meant to hold a steady $1 value, collapsed due to what was essentially a run on the bank, taking along with it its sister coin, Luna. Almost overnight, $40 billion worth of the two cryptocurrencies were gone. That collapse has had downstream effects. Earlier in June, a large crypto-lending service called Celsius Network LLC, which had about $12 billion in user assets, froze withdrawals. The money is currently still locked up and the company has hired a law firm to try to work through its obligations and debts. Another lender, Babel Finance, on Friday suspended withdrawals and redemptions. + +Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has been considering strategic options, The Wall Street Journal reported Friday, including asset sales or a rescue by another firm, after it suffered major losses. + +Despite the losses, some investors remain optimistic. Marshall Johnson Jr., a 54-year-old education-television producer in Maryland, started buying bitcoin in 2021, when it was around $38,000. His plan at the time was to slowly put in enough money to own one full bitcoin. He still believes in bitcoin’s future, and hasn’t changed his plan despite the selloff and despite the fact that on paper he has lost money. In fact, given the drop in price, he figures he’ll reach his goal sooner. + +“I’m closer than I was a year ago,” he said, laughing. + +C.J. Wilson first heard of bitcoin in 2012. At the time, he was a Major League Baseball pitcher who lived in California and had spent his downtime buying and selling silver bars and gold coins. He said he viewed the digital currency with skepticism because he wasn’t sure how currency could be created on a computer. In 2019, after he retired from MLB, however, he read the white paper by Satoshi Nakamoto on bitcoin and was intrigued. + +A self-described insomniac, Mr. Wilson said he began trading bitcoin in the middle of the night, and soon started dabbling in other cryptocurrencies. “Sometimes you just look at them and think that’s a cool name,” he said. He attended crypto conferences all over the world, from San Francisco to London to Las Vegas. + +Mr. Wilson eventually refocused his attention on bitcoin. This past year, though, he said he started noticing signs of froth. When Crypto.com sponsored the Lakers’ arena, he started wondering, “Where are they getting all this money from?” He said he received invitations to yacht parties from people who had made it big in crypto. He noticed Coinbase’s CEO, Brian Armstrong, bought a home in California for $133 million. At the bitcoin conference in Miami this spring, he attended a glitzy party hosted by Gemini at a mansion. + +“To me, it makes you realize that was probably the top of the market,” he said. Mr. Wilson said he still believes in bitcoin, but this spring he started trading bitcoin more than simply holding it. + +The current flushing-out of the crypto world strikes some investors as similar to the late-1990s and internet companies. On the one hand, investors were correct during that bubble: The internet was the future. But that didn’t stop many of them from losing boatloads of money as hundreds of internet companies failed. + +“Long-term, we’re huge believers in crypto,” said Shaun Maguire, a partner at Sequoia Capital who invests in crypto. “But short-term, watch out.” + +Before the pandemic, Kelly Miller, 35, was a professional musician in San Francisco. He watched his income go to zero as the world shut down, and started investing in stocks through Robinhood Markets Inc. In January 2021 he decided to try buying some crypto coins, and purchased some dogecoin. He watched his small purchase soar in value before swiftly falling back. Despite the roller coaster, Mr. Kelly, who now lives in Istanbul, said he was hooked. Over the past year and a half, he’s bought bitcoin, Ethereum and solana, among others, with the most of his money in solana, he said. The latest downturn, which has hurt his portfolio, drove home to him the need for changes in the crypto world. + +“This space needs to be regulated, it needs to be safe for consumers,” he said. He said he believes there’s a lot of value in the underlying technology, and in NFTs in particular, but he said he’s worried selloffs like this current crypto winter will erode trust among investors. + +Dan Held got into bitcoin in 2012, attracted to the idea of a new money system at a time when most people hadn’t even heard of it. He moved to San Francisco from Texas, started going to bitcoin meetups and immersed himself in the culture. + +Mr. Held has been proselytizing bitcoin for years, and has a sizable Twitter following, but he was surprised earlier this year when he started getting recognized, both on the street and in an elevator in a Texas hotel. It was a sign to him of just how widespread the phenomenon had gotten. “I get recognized on the street? Walking around Austin?” he said. “That was really surprising.” + +His fervor is driven by the idea that bitcoin solves fundamental problems with the existing system. None of the crashes—not even the current one—has shaken that belief. + +“My thesis is the same as in 2012,” he said. “There’s so many other people like me, I don’t see this being the end of bitcoin.” +This subreddit is a haven for high earners so wanted to create a thread for average/medium income people to share how they are finding things these days and if they have any tips for managing my money related anxiety. + +On 37k, have bought house (fixed rate & remortgaging next March) bought house in 2021 to just starting to save money again. + +I have around 2.5k in savings and owe around 2k on a credit card that is interest free until January (was used to furnish house) + +I own my car outright and only pay for petrol and maintenance. + +Each month I stick 150 on the credit card, 300 into savings and around 2-300 on my everyday spending credit card (paid off in full every month) + +I have a trip to New York for me and my partners joint 30th coming up which I think will wipe most of my savings. I was in two minds about booking it due to this but as the rest of my money is under control I thought it would be fine. These are big life moments that we need to celebrate + +Because of the recent house purchase, Ive only now built up a decent amount of money again and I’m worried about this trip eating all my savings. Every penny is planned out each month and I don’t live an overly lavish lifestyle. I have nothing on finance and debt is limited to that credit card, so really I’m in a okay position. + +Today I had to spend about 400 quid on a new suit for a few weddings I have coming up (I’ve relied on the same suit for the last 5 years and it was getting very worn out) and some new shirts for work as we’re heading back into the office. + +I don’t really know what I’m saying or looking for, but I think any large purchases or outlays are really stressing me out these days with just the general cost of living crisis and I’m really just looking for some reassurance that whilst my situation isnt perfect, it’s not bad either. And maybe a little bit of advice as to how to be sensible with money whilst still enjoying life and stop stressing out over it +It's been just about a year since I started making big life changes that have dropped me into an early and somewhat unexpected retirement. I thought I'd document (and share) a bit of this. Here's my story: + +I was 48 in 2018, am 50 now. Married, VHCOL (SF Bay Area), two kids (ages 15, 17). Career is a low level tech executive (director). + +In the Fall of 2018, I had a combination of health events that made me start wondering about my life...this included depression (I'm treating this), chest pain, ER visit, diabetes, abnormal EKG (everything is fine, thanks), my doc pointed our that I had a 40lb weight gain and a spike in (already high) blood pressure...I also felt an existential dread every time I thought about going to work. I was acting like an ass to my family, and just generally not very happy. This all despite a wonderful job managing an organization of top notch software engineers in a thriving company. I found myself just not caring about my teams, my managers, or my work. + +Fast forward to Feb of 2019. Depression was under control, my doc added another BP med, and I took some time to think about life and what I wanted. I've been tremendously lucky to be in the right place at the right time and once I pulled together a financial inventory, I wondered if I had "enough"...My investment assets stood just under $4.5M plus another $2M in home equity for our VHCOL residence. I posted in /r/financialindependence asking for advice and was more or less laughed out of the room - "you're already FI, are you just bragging now?"...but someone pointed me here. My confidence increased and I decided I needed to step back from working. + +Took a four month leave from my job, did some amazing traveling with the family, and after that talked to my boss. It was clear to both of us that I didn't really want to come back and we negotiated an exit path for me. I formally separated from the organization in the Fall of 2019. + +Financially, things are going just fine, I suppose. I'm very, very concentrated in a couple of tech stocks that I need to whittle down and haven't yet. About half my investments are in two tech stocks and half in 401ks predominately sitting in S&P index funds. I've been selling $40k/quarter of one tech stock for a year now to fund our cash needs. I also pulled $200k into a money market account as a hedge against a downturn in the market and a cushion for upcoming college bills (they'll start about 18 months from now). + +Net worth has increased from apx 6.5M to (ahem) almost 8M in that year (home equity hasn't really changed - maybe up 100k, all the gains are driven by appreciation in the stock market). My blood pressure has returned to near normal. I've lost 65lbs (I'm back down to my high school weight, actually). Diabetes went away with the weight loss. I exercise nearly every day, and I'd say I'm generally happier - even if at times I do feel isolated and lonely. I have zero desire to return to a job in tech right now. + +The wife and I have been looking at second homes - recently on Maui but also closer to home in the Sierras or in Oregon. I don't feel wealthy enough to buy the property I want, though. Dammit. + +Downsides include the often-mentioned lack of purpose (to be fair, I wasn't getting that from my job anyway, so that's not so much a change as an acknowledgement). It's hard because my friends work during the day and I usually spend evenings parenting my kids. Loneliness is an issue. I've taken to planning frequent trips: either short road trips or longer jaunts with or without other family members. Having more time to myself also highlights the weaknesses in my other relationships; Maybe more on that later. I have a couple of siblings who haven't been as lucky as I have - they flip between thinking I'm...lazy? a mooch? an idiot? a burden on society? someone who can't get a job?...and thinking I must be fantastically wealthy which makes them a little resentful that I haven't done anything to lessen their financial burdens. + +There's lots to do...I have chores that I am criminally remiss in getting done. These include: a viable will/estate plan, diversification of holdings, and consolidating our myriad accounts under one umbrella (likely centralizing into Vanguard, but we'll see). There's likely a bunch of college related stuff to do with my son. And hopefully that second home once I find the right property. + +Life, overall, is good. All the unhappy bits were also here when I was working - other than maybe a bit more boredom (though I was often bored at work, too). I've given myself permission to spend a little more freely (not that I was ever all that restrained) and I'm plotting adventures for the Spring and Summer. + +Am I fat? I don't feel that way...I think I'm comfortable. And, as I explain it to people who want to listen, I have enough money now to never have to do anything for cash that I don't want to ever again. I may not be able to fly private or drop $2M on that second house, but I do OK. + +(Are stories like this interesting? It feels a bit like self-stimulation to write all this, but I think it's good to document things once in a while and I enjoy reading other people's stories so I'm trying to give back. Feedback appreciated.) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am 43, self employed as a consultant of sorts, and debt free. + +I am an only child and I lost my dad five years ago and my mom this week. They too were debt free and from what I can tell I will be getting around 600k in IRAs and their house is worth about 300k. + +My current net worth is around 3 million. 800k in my IRAs, 1 million in taxable brokerage accounts, 800k in property (my home and two rentals), 350k in cash. While this inheritance is a lot of money it isn’t like bomb going off relative to my financial picture. My concerns mainly are how to keep the governments hands off of it as much as possible. + +From what I gather I must transfer her IRAs to what is called an inherited IRA and I must deplete them within ten years. I can take as much or as little as I want each year without penalty but it must be emptied within ten years. Any withdrawals from it are essentially added to my income and taxed as regular income. + +My income is high and all this will be hitting in the top tax bracket of 37%. + +I see two options and am debating between the two. + +1. Since this inheritance is all going to be in the top tax rate anyway while I am working just let it sit and take it all out in year 10 so it can grow tax deferred as long as possible. I guess the only potential downside is if tax rates are higher then or the market is down big time at that point. +2. Work three more years and then retire. Live off the inherited IRA for 7 years, depleting it. This gets me to age 53. At around 100k a year the taxes would be much lower. Live from 53 to 59.5 off my taxable brokerage accounts. Live from then until I croak off my IRAs. + +I hate a love hate relationship with my job. I enjoy what I do but it is 100% travel and while I only work about 15-20 days a month those days are on the road often in other states and typically 14-16 hour days, seven days a week. The pay is very good. Scaling back is not really feasible as I have five employees and 90% of my work comes from two customers. If I get rid of either of the two I wouldn’t have enough revenue to keep my employees and I need all five of them to do any of our work. I also have massive insurance and other overhead costs. My job is either an all or nothing type deal I have thoroughly explored trying to slow down but continue working and it just isn’t feasible. + +Any advice would be appreciated. On one hand it seems insane to quit a job at 43 that pays in the mid to high six figures but on the other hand I have been doing this over 25 years and am just tired of being gone so much. My oldest son is going to graduate high school in two years and I have missed so much. My youngest is 9. I feel like a rat in a wheel. I work like a mad man 2-3 weeks a month, catch up on rest for a couple days when I get home, spend a few days completing the the paperwork for the project we finished, fix everything at the house that went wrong while I was gone, then get everything ready for the next project and leave again. + +My mom who just passed has been in really bad health for about eight months. During this time pretty much all my time i wasn’t out of town working I spent with her which I guess might be as be making me feel even more burnt out and missing my wife and kids more. +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. + Yesterday my grandparents received a call where the caller attempted to get money from them by pretending to be one of their grandkids who was making a call from jail because they had hit a pregnant woman with their car. They said something along the lines of "we are calling because we are scared to call mom and dad" continues to ask for 15 k in bail, switches to accomplice who pretends to be public defender and confirms story. They claimed to be calling from Arlington, Va. I'm not sure if they gave a name or just said hey grandma. There were a lot of hints that it was a scam and thankfully my grandparents didn't give out any personal information or money. They contacted my parents and after a bit of panic they all got in contact with me. When they tried calling the number back it was disconnected. So yeah guard your old folks. + + +Edit: if this is common I hadn't heard of it and I frequent this sub and Reddit and the internet, so this is a PSA for anyone else in my boat. Maybe remind your friends and co-workers if you believe this to be common knowledge. + + +Unfortunately, a call from the drunk tank for me isn't unlikely so maybe it seems more clever to me than it is. +https://finance.yahoo.com/news/chevron-ceo-says-dividend-shareholders-224518677.html + +HOUSTON (Reuters) -Chevron Corp Chief Executive Mike Wirth said on Wednesday the company prefers to return money to its shareholders rather than use it to inve... +What do you think about this statement? I've read so much in the news this year about the explosion of retail investing. Most of it has been overtly critical of the apparent inexperience and irresponsibility of new retail investors despite strong evidence that retail investors don't do much, if anything, in terms of actually moving the market. Meanwhile, industry insiders are effectively engaging in the same risky plays you see on WSB, just on a way larger scale that actually has implications for the market. Think the whole Softbank story earlier this year. + +I think most people agree that this market is a bubble that will eventually pop. And I feel like Wall Street, as usual, will find a scapegoat to deflect blame onto. I have a feeling this time is will be retail investors. +I have 75k cash ready to invest. I don’t want to time the market but I also don’t want to just buy stocks today because there’s uncertainty (gas’s prices, inflation, rates going up, Ukraine war, …etc) so I’m doing dollar cost averaging, but at this rate it will take about a year to invest the full amount. +Should I increase the amounts? Should I wait and try to time the market? +Also I wouldn’t be touching these stocks for at least 4-7 years. + +Here’s what I have right now: + +Weekly purchases + +Microsoft $250 +NVIDIA $375 +Apple $250 +Spy $350 + +Should I invest more or less in Spy? What do you recommend? +What are your thoughts on Alibaba (I’ve never seen an opportunity this interesting personally but would like some feedback) I’ve held the stock for a month and a bit and have been increasing my position ever since. I’m still starting out in investing (16) but I got a fair value of $330 after my DCF valuation. I am also very interested in some of the big tech giants in China that have seen investors selling because if regulatory concerns with the CCP. + +Thanks 😎 +**I have been asked this question a lot in the AMA's I have posted. I wanted to expand on the question a bit below. Let me know if you want me to expand on anything else! Thanks! - mep42** + +Does someone who wants to achieve fatFIRE need a wealth manager? + +The simple answer is no. The long answer is maybe. + +As a member of the fatFIRE community, you have already taken the reins on managing your wealth and planning for the future. For some, the idea of hiring a wealth manager seems excessive, too expensive, and simply not needed. For others, a wealth manager can bring assistance in the areas that you might not be as familiar with or simply give you a second set of eyes on your plans. Achieving fatFIRE can be a very straight forward process, but each person is different. Below, I have highlighted offerings that a wealth manager might offer and additional comments on what to look out for. + +1. Anyone you work with needs to build a plan around YOUR goals. + +a. Financial Goals + +i. Risk + Return Expectations + +ii. Accounts Structures - Trust / Estate + +iii. Philanthropic Goals + +iv. Future Generations + +b. Personal Goals + +i. Your vision of wealth + +ii. Confidentiality + +iii. Comfort + +2. Provide a framework to understand your financial life as it is today. + +a. What is your current risk profile? + +i. What does your asset allocation look like today? + +ii. Are you taking to much risk or not enough? + +b. What are your liquidity needs, how does your income effect asset allocation decisions? + +c. Tax situation + +d. What are your assets, liabilities, and current financial holdings? + +3. Build a plan for the future. + +a. Goal Setting + +b. Liquidity management to maintain your lifestyle. + +c. Risk Management – Will you hit your financial goals without taking excessive risk? + +d. Portfolio Construction + Implementation + +i. Implementation costs for the portfolio + +ii. Investment vehicles (Single name, ETF, MF) – internal fund fees + +iii. Best practice for asset class implantation ex. Bond funds or individual bonds + +e. Rebalancing + +i. Active management provides the ability to keep portfolio risk + return expectations in line to meet your goals. + +f. Tax Management + +i. Income + Estate tax planning + +ii. Tax-efficient + tax advantaged vehicles + +iii. Gain deferrals, tax-lot management, wash-sale avoidance + +g. Private Markets (Equity, Debt, Real Estate, etc) + +Above is the core attributes of what a wealth manager can offer their client. There will be differences and similarities and all these items can be different depending on the managers expertise. Regardless of what path you chose to take on your fatFIRE journey, there are a few things everyone should ask a financial advisor. + +1. Are you a fiduciary? I would only use an advisor who is a fiduciary. +2. How are you compensated? I would only use a “fee-only” advisor. +3. Have you ever received any disciplinary actions from the SEC? + +a. Review their form ADV from the SEC. [https://adviserinfo.sec.gov/](https://adviserinfo.sec.gov/) + +There are a plethora of reasons someone choses to higher and advisor, ultimately you need to evaluate if it makes sense for yourself. At the end of the day, the biggest reason most choose to hire a financial advisor is peace of mind. The client knows that there is a layer of protection between their portfolio and markets, their own emotion driven decisions, and an experienced team focused on meeting their goals. +https://markets.businessinsider.com/news/stocks/coronavirus-fuel-recession-forecast-us-europe-economic-july-market-jpmorgan-2020-3-1028994637 + +A new economic-growth estimate from JPMorgan projects that a recession will hit the US and European economies by July. + +The bank said its views of the coronavirus outbreak "have evolved dramatically in recent weeks." JPMorgan economists now expect US GDP to shrink by 2% in the first quarter and 3% in the second. + +Eurozone GDP could contract by 1.8% and 3.3% over the same periods, the economists added. + +The "sudden stop" to economic activity through quarantines, event cancellations, and social distancing contributed to the downward revision, alongside recent weeks of financial-market chaos. + +"As we resign ourselves to the inevitability of a large and broad-based shock," nations' economic policy responses are key to preventing an even longer downturn, the economists added. +Do you have specific MFs for specific goals like child's education or buying a property etc? + +I have these for my respective goals - + +&#x200B; + +**Retirement (40K) SIP**- + +\- UTI N50 - 25K + +\- PPFAS - 10K + +\- PGIM Midcap - 5K + +\- Want to add US fund here but it doesn't have any room here, due to small SIP + +&#x200B; + +**Child's education** - + +\- UTI N50 - 8K + +\- Mirae ELSS - 7K + + +**how much corpus do you plan to build for your child's education and after how many years do you need it? Also what's your monthly SIP for that goal?** + +The dilemma is - while Nifty index fund is a must in both the folios, I had to distribute other 3 kinds of active funds - flexi / midcap / ELSS in the 2 folios. I couldn't get the Flexi one for my child because 15K a month is too less for 3 funds & I need to have an ELSS fund. + + + +How do you manage the funds overlap in your various folios? +Hello Fellow Apes! + +Hope everyone is staying hydrated. + +I wanted to share an archived version of some of the most popular DD on this sub, available offline in case any fuckery happens during the MOASS when Reddit decides to disconnect our banana phones. Here is the link to the PDF version of the archive with clickable links and easy to use navigation: + +[Superstonk DD Mega Back Up](https://pdfhost.io/v/Us4Bw~boF_Superstonk_DD_Mega_Back_Up.pdf) + +This pdf is located on pdfhost.io + +[Superstonk DD Mega Back Up Mirror](https://owi.su/vnhU.pdf) + +Each post has a hyperlink to jump to that specific content. Each post contains the original poster, within the table of contents, that also contains a hyperlink that will direct you to the OP! At the end of each post, there is a link to direct you back to the TOC. + +Everything I have used has been credited to the OP of each post. + +Disclaimer + +This is not going to be perfect. All DD is not archived. Only the most popular, or posts with most attention. Think of this as your 'MOASS Survival Kit' if or when things go dark. It's meant to keep your hands diamond. + +I tried everything my smooth brain could muster in order to keep the correct formatting of each DD posted. Some of the pictures contained in DD posts will be compressed to save on space, however, most still contain their hyperlink that will redirect you to the full quality image. (May not work if Reddit shuts down.) + +If you would like to use this archive for something else, go for it! The only thing I ask is if you could credit the archive as a whole, as it took me 3 days to put together. + + +Hope you all enjoy it. See you on the other side! 🚀 + +EDIT: thank you to u/hamsterpotamia for providing another great pdf to have in your kit! + +https://pdfhost.io/v/wfta95JS8_DIAMONDHANDBOOKpdf.pdf + +EDIT 2: thank you to u/siffkopp for providing direct links for a more mobile friendly version! + +Superstonk DD Mega Backup: + +https://pdfhost.io/pdf/d28903a9-7132-46c8-a935-f343a20b1068/289bc076-abb4-44e8-8ce8-3590c18c90d7.pdf + +Diamond Handbook: + +https://pdfhost.io/pdf/d28903a9-7132-46c8-a935-f343a20b1068/0ef0c535-fccf-4d77-bbda-89acbe08cf30.pdf + +EDIT 3: u/touuqe has provided a mirror link as well: + +https://owi.su/vnhU.pdf + +EDIT 4: hey all I know the links are dead right now. Currently on vacation. When I get back to my desktop, I will reupload! + +Edit 5: I have reuped the pdf! Should be working now, along with the mirror. + +Edit 6: Been having issues with pdfhost not loading the content. Use the mirror link provided above! +If you had 40k lying around, which you will need to spend in one year time, where would you put it? Any EU country applies. The money is currently sitting in your bank account. +Just to change up the "SCHD is bae" and "started investing yesterday here is my 2M portfolio" posts, I was thinking of a discussion about where you are now, where you want to go, and a realistic plan to get there. For example + +Age 30M + +25k invested in a mix of growth and dividend stocks/etfs + +Goal is leanfire / fire / 4000 monthly (LCOL area with house owned) + +I'd like to hit 900k+ by my early 40's and then re-evaluate if now is the time to retire + +Main holdings: VOO/VFV (\~60%), SCHD/Big 5 Canadian banks/ENB/BCE (\~40%) + +Investing 1000 monthly DCA + DRIP. Also expecting some money via inheritance in the next year and will use that to max out retirement accounts. + +&#x200B; + +Maybe we can help each other with recommendation and encouragement? +Edit: got it. Basically I’m young, naive, and only see the world with rose colored glasses. Will continue contributing. Not quite close enough for coast fire yet + +Edit 2: {Just a follow up for those late to the party. I’m actually in one of the few State pensions that hasn’t cut corners. As of 2017 we were 90-100% funded and had been since inception. A 2021 stress test noted that volatility was extremely low and basically economic collapse would be about the only real potential damning factor. + +Granted ours is capped at 50% of 4 highest years earned. It probably makes just as much sense to have faith in the pension as it does to have faith that the S&P 500 will repeat the last 100 years. + +I don’t see this as anything different than hedging my bets in case the market doesn’t produce the advantages it did for the last generation. + +Plus any savings I would have from curbing my contributions would go towards a home down payment. Which is itself, a form of retirement planning. } + +So I don’t really have anyone to talk to about and wasn’t sure where to post. Would like some feedback. Have I really finished saving for retirement already? + +I’m 29, $62k a year. I have an estimated retirement income of $94k a year, assuming I never received another raise, took all benefits at 62, and stopped all contributions to my Roth IRA ($42k saved) and my 401k ($31.5k saved). + +My employer makes an automatic 5% contribution to my 401k (no match required). I have a pension with for life annual payments that essentially works out to 50% of my highest income + +I have an emergency fund. I don’t own a home and have very little saved for a down payment. Single, no kids, one poodle. + +Can I really afford to stop contributing and direct money to other things? It just seems so counterintuitive +It's difficult to get a mortgage when retired (having assets but no employment income). + +Recent commenters ([here](https://old.reddit.com/r/fatFIRE/comments/o6h2t9/level_of_assets_required_to_obtain_a_mortgage_wo/h2sjqhw/) and [here](https://old.reddit.com/r/fatFIRE/comments/od3uzy/using_margin_to_buy_a_house_vs_paying_a_large/h3ybago/)) here were lifesavers. They showed how to get a mortgage with terms and for amounts much better than I could get with an asset depletion mortgage. However the comments lacked details and without a reference trust document, I had to do hours of research to get started. I thought I would save others this time by passing on what I learned and detail the process from start to end. + +I started by creating a Trust Agreement. I am not a lawyer but I combined language from different boiler-plate trust documents to create an agreement written in an optimal way to qualify for a loan. Note that many brokerages require that the Grantor (creator of the trust), Trustee (administrator of trust), and Beneficiary (recipient of benefits from the trust) be the same person. However, note that some states, such as Texas, do not recognize trusts where all 3 are the same person. However, you can define the governing law of the trust to be any state you wish. By having the trustee have the same identity as the grantor, and by being a revocable trust, you can use the SSN of the grantor for the trust, and no additional filings are required when doing taxes, nor are any new tax IDs required so long as the grantor lives and administers the trust. + +Here is the [Trust Agreement](https://docs.google.com/document/d/17u6Lhubtg-4JDupfsi1kCOcgAqfsrN77iTp_KOWqBBE/edit?usp=sharing) I created and used. To edit it, you can go to File > Make a Copy, or alternatively, you may download it as a Word Document. Then you will have your own version, visible only to you, to edit. Simply modify the highlighted text with the details appropriate for you, and update the assets listed under Schedule A. + +The most important section of this trust document for obtaining the loan is the language defining the payment schedule (the top of page 3). To be a conforming loan, your total debt to income ratio (including any existing mortgages (if you don’t sell prior to closing on the new property) and all taxes, insurance, etc.) must be less than 45%. So if your total monthly spend on properties and debts is $10,000/mo, divide $10,000 / 45% = $22,222. Your Trust must therefore define payments of at least this amount to qualify for the loan. To be safe, round it up to say $25,000, and then define it as a quarterly payment of three times the monthly amount, so $75,000. + +The reason to make it quarterly is that according to Fannie Mae’s [Requirements for Trust Income](https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B3-Underwriting-Borrowers/Chapter-B3-3-Income-Assessment/Section-B3-3-1-Employment-and-Other-Sources-of-Income/1035647451/B3-3-1-09-Other-Sources-of-Income-12-16-2020.htm#Trust.20Income), the trust agreement or a statement from the trustee must confirm the amount, frequency, and duration of payments, but the payments need only be verified through bank statements if they are received on a monthly basis. By specifying the payments as quarterly, no payment history is required. In addition, he way the trust defines the payment schedule, payments out of the trust are optional, and you can leave those payments invested within trust, so you don’t need to actually withdraw/divest etc. any assets when proving income. You can keep the trust open as long as you wish without liquidating any assets. Powers granted to the trustee also allow taking loans based on the assets, so you could take out a pledged asset loan or margin loan based on the trust assets. + +The next most important section of the trust agreement is funding the trust, which you do by declaring assets you intend to transfer to the trust and then completing the transfer (funding the trust). The assets are defined in Schedule A of the trust, and should define the number of shares, the name of the security, and the account number they are held in prior to funding the trust. + +The total value of these fund assets must be sufficient to fund at least 3 years of payments starting from the date of the mortgage application. If you can, make it enough for 3.5 to 4 years, so you can easily demonstrate to the lender that it is funded to continue for at least the required time. By using this trust document, I was able to obtain approval from all 3 of the lenders I reached out to and it was for a conventional, conforming standard loan. The whole process of creating, and funding the trust, once I printed the pages of the trust agreement, took only a day. + +The following are the exact steps I undertook. Note that I used Charles Schwab as they support trust accounts, and Pledged Asset Lines based on trust accounts, which may be useful to you for paying for closing costs or down payments, or acting as a bridge loan between selling properties, but any brokerage supporting trust accounts should do. + +1. Update the Trust Agreement with your name, address, state, and desired quarterly income level necessary to qualify for the loan. +2. Updated the trust assets with a listing of the shares in your existing (individual) brokerage account which you intended to transfer into the (PAL) Trust account. +3. Print the Trust Agreement, and take it to a [UPS store](https://www.theupsstore.com/tools/find-a-store) which you should call to confirm they have a notary public, and two other witnesses on staff. The whole signing process took 15 minutes. They didn’t read the document, they just sign the signature pages. +4. Scan the signed trust agreement into a single PDF of all pages. +5. Open the PDF and print it as a PDF, but when printing, instead of selecting to print all pages, first specify to print only the first page (the title page), then a second time print just the range of the signature pages. These sets of pages are the only pages that Charles Schwab is interested in seeing as part of the application to create the trust account. They don’t need, and prefer not to see any of the details of the trust agreement. +6. Apply to create a [Trust Account](https://www.schwab.com/trust-account) from this page. I submitted the application for this trust account as well as the PAL account on the weekend, and the next Monday morning both accounts were created, funded and ready to use. The assets automatically transferred from my brokerage account into the PAL Trust account. +7. Apply to create a [Pledged Asset Line](https://www.schwab.com/pledged-asset-line) (PAL) selecting Trust as the account type. If you don’t intend to use a PAL you can skip this step. I chose to create a PAL and have it entirely funded with assets from my existing individual brokerage account. + 1. The default interest rate on the PAL is not ideal. You can call the pledged asset line number (at 800-838-6573 from 8:30 am - 8:00 pm ET, Monday - Friday) and negotiate for a better rate by comparing to the rate you see from [Interactive Brokers](https://www.interactivebrokers.com/en/index.php?f=46376) which is a spread based on LIBOR. They get back to you within a day or two with a newly negotiated rate. + 2. I created a [schwab one checking account](https://client.schwab.com/secure/cc/service/open_account/investor_checking_schwab_one), and after a day or so I was able to move funds from the PAL directly into the checking account via the [online transfer form](https://client.schwab.com/Areas/Service/Transfers/Index.aspx). They allow loans of up to 70% of the value of assets in the account. +8. To create proof of the funds in the trust. There are two methods you can use: + 1. The first is to generate a balance letter, which charles schwab will generate on the fly through [this page](https://client.schwab.com/Apps/accounts/balanceletters/#/balanceletters). Just input an amount necessary to prove at least 3 years of funding based on the payment rate. It will generate a PDF that looks [like this](https://archive.is/SpQUm). + 2. My lender was not satisfied by the balance letter and requested two months of account statements as well. Since this was a new account, I provided a PDF printout of [positions](https://client.schwab.com/Areas/Accounts/Positions) for the account, as well as two months' statement history from the accounts that sourced the funds in the trust. + 3. My lender e-mailed me asking what I could provide to verify “The amount, frequency, and duration of the trust income for must be verified the borrower by the Trust Agreement or by the trustee's statement confirming the amount, frequency, and duration of payments. This income cannot be used for qualifying unless it will continue for at least three years.” + 1. I replied with the statements, position print out, balance letter, and wrote: “The Trust Document (page 3) specifies the amount and frequency of the payments (totaling $250K per year). The statement letter from charles schwab indicates the trust is sufficiently funded for the payments to continue for at least the next 4 years (as it is presently funded with over $1 million in assets). I am attaching statements from the past two months showing the source of funds used to fund the trust account. I am attaching a print out of the current holdings in that account, but there is not a statement issued for this account yet as the account was just created this month. + 2. The above statement and documentation satisfied the lender. + +A word of caution: using this technique can qualify you for a mortgage up to 10X larger than what a conventional asset depletion mortgage allows. This is because for asset based loans, income is calculated by dividing the assets over 360 months. This method proves income by by dividing trust assets over just 36 months. To make sure you don’t buy more house than you can afford when you are FIREed, a rule of thumb is to take the total value of your total invested/income producing assets, and divide it by 800. The result should define a relatively safe cap for the most you should spend on housing per month. This 800 number is derived from 1/(3.5% SWR \* 43% DTI \* (1/12)). If your monthly mortgage/taxes/insurance are much more than your assets/800, you may be spending too large of a fraction of your safe withdrawal rate on housing. +HDFC index fund Nifty 50 direct plan and HDFC index fund Sensex direct plans expense ratio increased from 0.10 to 0.20 from 15-Apr-2021 + +HDFC index fund Nifty 50 Regular plan and HDFC index fund Sensex Regular plans expense ratio increased from 0.30 to 0.40 from 15-Apr-2021 + +Checkout the notice from official site https://www.hdfcfund.com/statutory-disclosure/total-expense-ratio-of-mutual-fund-schemes/reports + +Edit: +As many pointed in comments, even UTI increased TER from 0.10 to 0.18, thanks to u/IndependentMistake and others for pointing that out + +https://doc.utimf.com/v1/AUTH_5b9dd00b-8132-4a21-a800-711111810cee/UTIContainer/Notice%20for%20change%20in%20Base%20TER%20w.e.f%20April%2016,%20202120210408-113741.pdf +I was thinking about investing in some property overseas and even here in the US. I would like to know which would be a good option especially where I want to invest overseas, now is the good time to purchase or look at property to buy. + +I thought of purchasing the land and then building it but then I see what they do in HGTV is that they buy a really old property or a run down property and then renovate it. Then where I want to buy property overseas they already have many apartments and houses being built. The only issue with those is that they are not really my style. +So I grew up on Rice and Beans (and tortillas - Mexican parents and hella poor). + +I know that everyone on this sub recommends rice and beans all the time, so I thought I’d offer some ways to jazz the flavor for pennies, and make your life easier for cheap and save time too. Maybe common sense for some, but others may not know it. + + +Rice: + +Get a rice cooker! Make your life easy! Walmart sells $5-$10 ones that last for years. They are small, and you don’t even need a kitchen, just an outlet to make rice and other foods in it. You don’t need the fancy Asian ones that can turn into terminators. My little $8 one Lasted me through college and years beyond. The optimal rice to water ratio is for every cup of rice, 1.5 cups of water. Perfect rice in rice cooker every time. + +Flavor: +Add salt! +Add some garlic powder! +Add some kind of oil/fat! (Helps with the texture too) Butter for extra tastiness. + +Sometimes a dash of bouillon powder adds a Little flavor kick a la spanish rice. + +Don’t be afraid to throw cheap frozen or canned veggies (sometimes proteins) in for a quick and super easy way to cram your veggies in. (They will steam cook with no extra effort on your part just add a tiny dash more of water). + +Do the above for easy and better than plain rice! + +If you want to go a little asian flair, if you can get your hands on some Furikake (flavoring) powder of some kind, or even some cheap seaweed from the Asian supermarket, wrap your plain rice in it for a dash of cheap cheap flavor to help satisfy the hunger. + +———— + +Beans! + +While I am partial to black beans myself, white beans, kidney beans, even lentils could all benefit from the following. + +A la rice cooker, invest in those cheap and small slow cookers that Walmart sells around the holidays for $10, or find one at a thrift shop. Beans are just easier that way. Or a pressure cooker, or whatever works to save you the extra labor. + +Flavor: + +Take as much (metric fuck ton) onion as you can. Chop it up into bits. Then take a frying pan, or if you decided to just make it in a soup pot, into the soup pot with some oil (or lard if you want a nice kick of flavor). Grill up 3/4 of those those onions and then add the water and beans into your pot, or the grilled onions into the pressure/slow cooker. Add salt, and either fried or powder garlic to taste. If you want a wee kick feel free to add some crushed heat pepper of some kind (use those packets in your drawers people). Let those babies simmer simmer simmer! + +(For my friends who do eat pork, don’t be afraid to throw in the cheapest cuts of pork you can find - tails, knuckles, feet, bones etc. the meat will cook beautifully and the beans will soak up the flavor wonderfully - if you don’t eat pork, or can’t afford it... skip this) + +(If you have a can of tomato, feel free to add that in for a nice flavor profile change towards a chili - But not necessary) + +About 5 min before the beans are done, add the last bit of your onions and let it cook in for the last dash of flavor. + +Enjoy. Drink up the broth (especially if made with bones). Serve the broth over your rice. If you’ve got leftover beans, mash them up and fry them. + +Spread the beans on toast like hummus and sprinkle with cheese if you have it. Toasted this is the best (mollete) + +If you’ve got tortillas refried bean tacos. + +Good beans are delicious on any carb at hand. And the proteins keep you full. + +——- + + +I know there are lots of ways to spice this up further, but honestly onions, garlic and salt, and some kind of fat/oil are enough pantry staples to make even the simplest ingredient taste like a feast to a hungry belly. + +If you then have a little Siracha or hoard other flavor packets or fresh tomato or whatever even better. But sometimes you don’t, and you make do with the simple. + +I hope this helped at least one person to avoid bland rice and beans. + +I grew up eating rice and beans pretty much every single day for years and years and years, and never got sick of them. + +Tweak with what you’ve got too + +Edit: I kept it pretty simple and generic because sometimes some people can’t/don’t have access to a large pantry of spices. But def creep the comments for more tasty ideas :) +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! + +Curious how long it took people to reach milestones? +It took me a long time to hit $1M. +1 year to hit $2M. +9 months for $3M. +10 months to hit $4M. +5 months to hit $5M. + +I think I’ve just been lucky with stock picks but wondering if this kind of rapid growth is common after a certain point? Wondering how long it took people to go from $5M go $10M? + + +The Supreme Cannabis Company, Inc. engages in the production of medical cannabis products in Canada. + +Supreme Cannabis co has been receiving a lot of attention the last few weeks currently trading at .35 cents CAD. The company is releasing earnings February 12th 2021, [SPRWF Supreme Cannabis Company Inc Q2 2021 Earnings Call | AlphaStreet](https://news.alphastreet.com/earnings/sprwf-supreme-cannabis-company-inc-q2-2021-earnings-call/) , + +There company website: [www.supreme.ca](https://www.supreme.ca/) ( Awesome website name right ) + +An article with info on the company here: [The Supreme Cannabis Company, Inc. (TSE:FIRE) Is About To Turn The Corner - Simply Wall St News](https://simplywall.st/stocks/ca/pharmaceuticals-biotech/tsx-fire/supreme-cannabis-shares/news/the-supreme-cannabis-company-inc-tsefire-is-about-to-turn-th) + +Highlights from the article: + +They anticipate the company to incur a final loss in 2020, before generating positive profits of CA$20m in 2021. + +Analyst estimates they expect the company to grow 78% year-on-year, on average. + +Do you believe in FIRE to continue this upward trend? +While the company does not currently have the $ coming in, it is clear that people are finally starting to recognize this company and the potential here. This is very easily a huge gainer if all works out, and in this type of market, warranted a much higher share price. Which is what we are seeing now. The volume is insane!!! +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! +A couple months ago I quit my job to sell options full time, and so far it's been going well. However, I'm at a loss when people ask me what I do for a living. I'm not a day trader, because I mostly make weekly trades and actually make money. I could say "options trader" but most people have no clue what options are. What do you say when people ask what your job is? +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? +SOMETHING is going on + +Not sure what. Not sure if these 2 items are related. + +A) Susquehanna (one of the largest short sellers of GME shares) is looking to sell $500 million of its Tik Tok stake + +[https://www.bloombergquint.com/business/top-bytedance-investor-is-said-to-weigh-500-million-stake-sale](https://www.bloombergquint.com/business/top-bytedance-investor-is-said-to-weigh-500-million-stake-sale) + +a) Tik Tok is being valued in $250 billion to $370 billion range + +b) Susquehanna owns 15% of Tik Tok. That's $37 billion to $55 billion + +c) If you want to know how Susquehanna got 15% of Tik Tok -> [https://www.inquirer.com/business/tiktok-susquehanna-bytedance-walmart-oracle-microsoft-philadelphia-fortune-15-billion-20201003.html](https://www.inquirer.com/business/tiktok-susquehanna-bytedance-walmart-oracle-microsoft-philadelphia-fortune-15-billion-20201003.html) + +2) Thanks to this post -> [https://old.reddit.com/r/Superstonk/comments/qd0o6w/wut\_doin\_snap\_fb/](https://old.reddit.com/r/Superstonk/comments/qd0o6w/wut_doin_snap_fb/) + +from [https://old.reddit.com/user/DIAMONDHandsHotchy](https://old.reddit.com/user/DIAMONDHandsHotchy) + +FB is down 5.27% After Hours (it was up 0.32% during market hours) + +Snapchat is down 23.35% after hours (down 0.71%) + +For a company of $118 Billion Market Cap (SNAP) to be down 23.35% in After Hours is SUS as heck + +Intel down 6.79% + +Twitter down 3.52% + +Anyone know what is going on? + +Edit 1: Adding a Few Updates + +A) CryptoeStuff was massively pumped earlier in the week, and is now down 3.51% (a commenter said 5% so might be more). Overall cryptoestuff is down 2.37% in last 24 hours across all coineses. It may or may not be liquidation + +B) Yes, earnings are an issue. That explains Intel. That does not explain Snap being down 23.35%. A company of $118 Billion Market Cap being down 23.35% is quite a big deal + +C) Littlet98 had a good point - There is expected to be possible Evergrande Default - some are saying this week, some next + +D) Susquehanna selling TikTok is a slightly bigger deal than peanuts. Turns out they funded Tik Tok Founder's first company in China, and have been in a working relationship with him for 10+ years. Tik Tok is not a company you sell out of. There are so many other stocks they could sell out of. We should try and figure out what other companies they are selling out of, and whether this is a move by Susquehanna to liquidate parts of more than one of their holdings + +E) TaraDon's Social Network could definitely be a factor. It would be very anti Short Hedge Fund if it takes off. How crazy would it be if the destabilizing factor that causes market crash is Ex President TaraDon launching his own Social Media Network + +&#x200B; + +Mods, it's ridiculous that you removed this post for mentioning that Ex President is launching his own Social Network. Please have some balance in moderation +I currently have 43 properties that cash flow around $200-$300 a door. I have a good amount of equity in each. I see everyone suggesting selling and using a 1031 to level up. If all properties cash flow, why do I need to 1031 and level up? + +Am I missing something? +https://www.marketwatch.com/story/consumer-prices-soar-again-cpi-shows-and-shove-rate-of-inflation-to-a-13-year-high-11623328693?mod=mw_latestnews + +>The cost of living surged again in May and drove the pace of inflation to a 13-year high of 5%, reflecting a broad increase in prices confronting Americans as the economy fully reopens. + +>The consumer price index jumped 0.6% last month to mark the fourth large increase in a row, the government said Thursday. + +>... + +>Another closely watched measure of inflation that omits food and energy also rose 0.7% in May. The 12-month rate climbed to 3.8% from 3% — a 29-year high. + +Edit: https://www.bls.gov/cpi/ and their news release: https://www.bls.gov/news.release/cpi.nr0.htm +So I keep hearing about these new platforms from the Crypto space who are paying very attractive interest rates on stablecoins and even FIAT currencies such as EUR, USD or GBP. Currently I'm quoted 10% interest rate on Nexo for my EUR ballance. For i.e another similar and popular platform is Celsius. + +How safe do you think these platforms are? + +Context: I'm also DCAing into VWCE and investing in some other areas but I have some cash I'd like to park outside of stocks. However, I'm kinda on the fence because these platforms are quite new and the interest rates sound too good to be true. +Good evening my fellow apes, what it do baybeeeeeeee. It's your boy, u/letthebandplay777 back at it again with a major PSA for all apes who haven't fully DRSd their holdings from Fidelity. + +I gave my broker a call today regarding the remaining shares I did leave behind, more specifically, how Fidelity would be handling the upcoming stock split/dividend that GME is proposing. Among calling Fidelity, they informed me that my account is essentially automatically setup to receive dividends of any kind as a CASH EQUIVALENT. Fidelity DOES offer you the option to switch that dividend election to REINVEST INTO EQUITIES, but that is not the "default" selection. You literally need to call them in to change that for you. I'm not 100% positive you can change it yourself via their website, it is possible. + +However I just wanted to point out that if you're either on the fence about DRS, or left some shares behind in your fidelity account, you absolutely need to call/chat with a fidelity representative to make certain your upcoming stock dividend is going to be reinvested as more stock and not just parked into a government mutual account that is a cash equivalent. It seems to be auto enabled. + +Frankly this has spurred me to just consider DRSing my remaining stocks. I find that to be a very shady that they just automatically enroll you into that. However for those who are on the fence and don't want to roll the DRS dice, you absolutely need to call in and elect to receive dividends as equities , opposed to a cash equivalent to gain the full benefits of the split/dividend that is upcoming. + +I figured I'd point this out since I haven't seen it discussed yet. + +That's it for me, apes. Till next time, I'll see you glorious bastards on the moon. 🚀🚀🚀 + +Edit: According to some much more wrinkle brains than myself you can update this on fidelities website too. Me personally was just easier to call and have someone else do it but you most definitely can do it yourself +💜 LOF Cryptp (LOF) 💜 + +&#x200B; + +✅ Only $1.5 Million MCap right now, great entry point 📈🚀 + +✅ Over 30,000 holders + +✅ CoinGeko Listing (3rd Day) + +✅ Blockfolio Listed + +✅ CMC listed + +✅ Full Techrate Audit + +✅ Ownership Renounced + +✅ Doxxed Team + +&#x200B; + +🔒 LP, Team wallets and Marketing wallet Locked!!! + +&#x200B; + +🔥 Listed on Coinsbit with more to go 😏 + +&#x200B; + +🔥 Partnered with 15 Only Fans models and more on the way. + +&#x200B; + +🔥 Regular competitions for holders to win free OnlyFans subscriptions 👀 #FreeNudes + +&#x200B; + +🔥NSFW NFT market place almost complete. ETA end of June/ early July. Form of Payment will be LOF (First to do it) + +&#x200B; + +🔥 Staking farm available in different tiers to earn NFTs from our lovely models 🤤 + +&#x200B; + +👀 In talks with a top tier artists that is well known, 6.6M follower base. + +&#x200B; + +👀 In talks with celebrities and rappers + +&#x200B; + +TOKENOMICS: + +\- 3% burn 🔥 + +\- 3% reflection to holder💰 + +\- 3% sent to LP 🔒 + +&#x200B; + +&#x200B; + +🔎 Website - [https://lofcrypto.com/](https://lofcrypto.com/) + +🔎 Telegram - [https://t.me/Lonelyfanschat](https://t.me/Lonelyfanschat) + +🔎 Contract - 0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96 + +🔎 Twitter/IG - LOFcrypto +DRS is the silver bullet. + +It's undeniable now. To everyone who's skeptical, this is the evidence you should need to change your mind. + +If DRS wasn't working, why would they care? They'd just ignore it. It's the exact same line of logic as the "Forget GameStop" headlines. If GameStop was truly a nothing burger then there'd actually be no news about it, but they won't shut up about why you shouldn't buy it. + +If DRS wasn't working, they'd ignore it. But they didn't. They orchestrated a targeted attack to shake your resolve. What does this reveal? + +They're scared. They're specifically scared of DRS. So scared in fact, that they tried to stop it with psychological warfare. There's no other explanation for why they'd do this. + +What they don't realise is their tactics are far more transparent than their business practices, and this latest trick has had the reverse effect. + +Instead of feeling demotivated by an attempted (and failed) drop in figures, I feel even more resolve now than ever. + +They've shown their weak point and confirmed once and for all that this is how retail can win. + +TL;DRS: + +"When you tear out a man's tongue, you are not proving him a liar, you're only telling the world that you fear what he might say.” + +Hedgies just tried to cut off DRS, and in doing so have shown that it terrifies them. + +The only explanation of why it terrifies them? It's working. +I signed up to a PlusNet contract for broadband in a rural area without realizing how slow the actual internet speeds they were quoting would be. + +6 months in I've taken up 4G internet for the home from another company. Was being quoted 175 to cancel my PlusNet contract early. + +Simply read a post here, called them up and told them I'm moving to Hull. + +Cancellation fees dropped. Hull doesn't have any OpenReach suppliers! + +Thank you all! 😍 +I signed up to a PlusNet contract for broadband in a rural area without realizing how slow the actual internet speeds they were quoting would be. + +6 months in I've taken up 4G internet for the home from another company. Was being quoted 175 to cancel my PlusNet contract early. + +Simply read a post here, called them up and told them I'm moving to Hull. + +Cancellation fees dropped. Hull doesn't have any OpenReach suppliers! + +Thank you all! 😍 +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +&#x200B; + +So I spent this morning's pre-market browsing some 13Fs, (This is the way) and I came across a little-known hedge fund called Sessa Capital. + +What stood out to me about this hedge fund, was their huge overweight position of 1.8 million GME puts. (Correction 1.8 million shares of GME Puts estimated at $351 million value) + +This is now the fund's biggest position, accounts for 13.5% of their portfolio, and get this... they had not traded Gamestop prior to Q1 2021. + +So I thought to myself... what could have possibly INSPIRED this fund to go all in on a Gamestop short after the Jan mini-squeeze. Isn't that a bit of a suicide mission? Especially for a fund with such a good track record... + +...AND they have not even hedged this position... + +So I looked into the fund a little and found it is run by a guy named John Petry. + +My immediate thought was... I bet he's connected to Shitadel somehow. + +I looked him up on Linkedin... not a past employee. + +I checked his Fund's New York Address expecting it to be in the same building as Kenny. + +It's not... + +But it's not far: + +&#x200B; + +https://preview.redd.it/m42d7mvqs7571.png?width=2556&format=png&auto=webp&s=7de380cddfe0397e50cff8667a8ddea56041e5b0 + +And even closer to Kenny's gaff + +&#x200B; + +[\(Could easily pop around for a cup of tea\)](https://preview.redd.it/7wpgbmq0t7571.png?width=2555&format=png&auto=webp&s=c940633bb3865cfb7e5da6c64797ecc1337feac7) + +But realistically... proximity in New York means nothing. + +So... + +I decided to dig a little deeper. + +I discovered that John Petry is on the Board of a company called "Success Academy", which is a New York City Charter School Network. (Part of the "Billionaire's Boys Club" which is described as a crew of hedge fund managers and philanthropists who are the angels behind private management charters) + +\- Reference: [https://preaprez.wordpress.com/tag/education-reform-now/](https://preaprez.wordpress.com/tag/education-reform-now/) + +John Petry got on the board by being one of these early Angel Investors in the Carter School. And give a guess who's name is right there along side his? + +Yup... + +Mr Kenny "Give me my Tendies" Griffin was also an Angel Investor of $10 million in this charter school. + +Reference: [https://www.philanthropyroundtable.org/philanthropy-magazine/article/the-school-success-sequence](https://www.philanthropyroundtable.org/philanthropy-magazine/article/the-school-success-sequence) + +These guys even play Poker together! + +Reference: [https://www.cdcgamingreports.com/scene-last-night-einhorn-hellmuth-sabat-cornwell-weinstein/](https://www.cdcgamingreports.com/scene-last-night-einhorn-hellmuth-sabat-cornwell-weinstein/) + +&#x200B; + +So let's Dig a little deeper... + +Reference my Previous Post about Junk Bonds that I couldn't really piece together: [https://www.reddit.com/r/Superstonk/comments/nyt6l8/wrinkle\_brains\_needed\_citadel\_loading\_up\_on\_high/](https://www.reddit.com/r/Superstonk/comments/nyt6l8/wrinkle_brains_needed_citadel_loading_up_on_high/) + +&#x200B; + +And a better write up from commenter u/Get-It-Got here: + +[https://www.reddit.com/r/Superstonk/comments/ns7k6q/could\_gamestops\_liftoff\_unravel\_corporate\_junk/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +So when I was reading up on our new friend (And Kenny's old friend), John Petry, something that stud out to me was this: + +***" Petry’s Gotham Capital LLC, founded in 1985 with $7 million from junk-bond king Michael Milken "*** + +Junk Bonds again... + +And who was this Junk Bond King, Michael Milken... and how is he connected to all this... + +AND OF COURSE... IT'S THIS GUY: + +Milken and Griffin Conversation 1: + +[https://www.youtube.com/watch?v=vFeKmMBky40](https://www.youtube.com/watch?v=vFeKmMBky40) + +Milken and Griffin Conversation 2: + +[https://www.youtube.com/watch?v=2iDDDRfZ0I0&ab\_channel=CitadelCitadel](https://www.youtube.com/watch?v=2iDDDRfZ0I0&ab_channel=CitadelCitadel) + +Kenny Talking at the Milken Institute again + +[https://www.youtube.com/watch?v=4IDyyq5Hh2k&ab\_channel=MilkenInstituteMilkenInstitute](https://www.youtube.com/watch?v=4IDyyq5Hh2k&ab_channel=MilkenInstituteMilkenInstitute) + +And I'm sure there's a bunch more out there... + +So who the fuck is Michael Milken? + +&#x200B; + +https://preview.redd.it/nxqeipdhx7571.png?width=220&format=png&auto=webp&s=57747b773d9ddad4538ffd495201ec970f3f4d96 + +Michael Robert Milken (born July 4, 1946) is an American formerly convicted felon, financier and philanthropist. **He is noted for his role in the development of the market for high-yield bonds ("junk bonds")**,\[3\] and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws.\[4\] Since his release from prison, he has also become known for his charitable giving.\[5\]\[6\] Milken was pardoned by President Donald Trump on February 18, 2020. + +&#x200B; + +**Milken was indicted for racketeering and securities fraud in 1989 in an insider trading investigation.** As the result of a plea bargain, he pleaded guilty to securities and reporting violations but not to racketeering or insider trading. Milken was sentenced to ten years in prison, fined $600 million, and permanently barred from the securities industry by the Securities and Exchange Commission. His sentence was later reduced to two years for cooperating with testimony against his former colleagues and for good behavior.\[7\] Since his release from prison, Milken has funded medical research.\[8\] + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +So the guy who INVENTED the Junk Bond market, gets banned from ever trading again... and then all of a sudden becomes best buddies with Kenny G... who trades extensively in Junk Bonds? + +And... the same guy funds the company prior to John Petry's current Fund, and the current fund decides to Yolo into GME shorts AFTER Jan mini squeeze. + +And just in case you are thinking this guy would be too afraid to break a lifetime ban? + +***In February 2013, the SEC announced that they were investigating whether Milken violated his lifetime ban from the securities industry. The investigation revolved around Milken allegedly providing investment advice through Guggenheim Partners.\[42\]*** + +&#x200B; + +***Since 2011, the SEC has been investigating Guggenheim's relationship with Milken.\[43\]*** + +&#x200B; + +\---------------------------------------------------------------------------------------------------------------------------------------------- + +These guys are all fucking connected! + +But of Course... this is just my opinion and I can't prove anything... nor am I a financial advisor. + +&#x200B; + +Edit 1: Sessa Puts Source + +Sorry Apes, I don't trade options so my terminology was off. It's 1.8 million shares of GME Puts valued at $351 million. Not 1.8 million puts + +Source: [https://whalewisdom.com/filer/sessa-capital-im-lp#tabholdings\_tab\_link](https://whalewisdom.com/filer/sessa-capital-im-lp#tabholdings_tab_link) + +&#x200B; + +Edit 2: Part 2 is on the way... + +&#x200B; + +EDIT 3: Part 2: [https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires\_boys\_club\_part\_2\_the\_inner\_circle/](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +&#x200B; + +Edit 4: BBC Part 3: [https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires\_boys\_club\_part\_3\_the\_big\_boys\_i\_just/](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +&#x200B; + +**BIG FUCKING EDIT: ALL MARKET VALUES ARE AS PER 31ST MARCH 13F FILING DATES** +WSB! All the degenerates, even the apes, I've missed you. Things are going well here. I'm still getting used to society. I have a lot of little restrictions that are annoying, but I'm mostly back to normal. + +What's up with the stock market? There is a lot of arbitrage/alpha out there. Times like these separate classes of traders and define future superstars. My advice: don't use leverage, hold cash, sell anything you're not 100% sure is a great investment and consider alternatives to just buy and HODL (selling options, shorting, etc.) + +I'll be around every day from here on out. Any questions, anything you need from Wall Street, any stock you want me to buy or sell, just let me know. I have always been trying to represent for the "little guy", having made hundreds of YouTube videos on investing and answering as many questions as I can. That doesn't mean every stock is going to make it, or that I'm always right. Investing/trading is a humbling and difficult exercise. Nevertheless, I'll have some original stock picks & DD coming in the next few days. + +AMA!!! +[Link to the original discussion](https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671/highlight/true) in german (only the screenshots were translated with Google Translator) + +*Just for Safety:* + +* [*https://web.archive.org/web/20220801191157/https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671*](https://web.archive.org/web/20220801191157/https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/td-p/243671) + +[Comdirect user asks about the correctness of the split after the crazy off- and on-booking of GME shares last Friday after market close at many German brokers](https://preview.redd.it/f6m8e17kv3f91.png?width=884&format=png&auto=webp&s=4610c137dbb8773713aecd72565a3ff08952a570) + +[Comdirect first admits to having booked the dividend split incorrectly as a stock split and clearly names the corporate action as a stock dividend. Then Comdirect support corrects itself half an hour later and says it is a regular stock split and claims that a stock dividend is just a rumor](https://preview.redd.it/n2zz7xx0n5f91.png?width=872&format=png&auto=webp&s=11724bc57e3b20addeba1f4704a4a067e70d17ab) + +[Comdirect has no idea and a lot of it ](https://preview.redd.it/r6l39cxcw3f91.png?width=887&format=png&auto=webp&s=0de663e25a4540ced454d267318748d07152c4de) + +[Ape explains to support that GameStop itself says it is a stock dividend](https://preview.redd.it/xt2fevojw3f91.png?width=895&format=png&auto=webp&s=cedda8b554a3321538578ebe8d0102de9de420ff) + +[Ape explains to support the difference between a normal stock split and a stock dividend split](https://preview.redd.it/2wioddtqw3f91.png?width=881&format=png&auto=webp&s=0cfc173fb6aa4aabb9a04ecb74a5e253e49670d8) + +[Comdirect will handle it like a normal stock split on instructions from DTCC. Another community user thanks Comdirect for the clarification and now thinks that GameStop's wording is a misinformation](https://preview.redd.it/00cm9vjyw3f91.png?width=877&format=png&auto=webp&s=ec548ff42ef48b95a2f368ce5d951f826469c2a2) +Holy shit this is good TV don’t miss this Apple TV has a free 7 day trial!!! I paused this show and JON STEWART saying FUCK this GUY to come tell you all to watch this damn show and show some love ❤️ we need shit like this to be in the spotlight and get the message out!! First 2 spots are basically Fuck Robinhood and FUCK KEN he literally says FUCK THIS GUY 😝🍏❤️🦍🏴‍☠️🐍🚀🚀🚀🚀🚀🚀🚀🚀🚀 +LETS FUCKING GO!!!! + +Edit Thank you all!! I tried hard to keep up and respond but Wow!! 😁❤️🦍. This group is awesome and I’m so proud to be here with all of you!! 🚀 +EDIT: I was told to mention that I manually compiled it :) + +This spreadsheet ([https://docs.google.com/spreadsheets/d/1KwHoOnIR8Gn9gRJXPDla9Wq4QaM4euMgFQXmHvjarfA/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1KwHoOnIR8Gn9gRJXPDla9Wq4QaM4euMgFQXmHvjarfA/edit?usp=sharing)) contains several hundred careers mentioned throughout subreddit history by category. + +Hopefully this will end the many "which industry" posts we see on here. +[Info](https://twitter.com/JimPethokoukis/status/1240987869709250560) + +Some perspective: Worst year in the Great Recession: -2.5% decline in GDP. + +Goldman is now saying -3.8% this year. Last time that happened was 1946 (-11.6%, post war) and the Great Depression years. +Year 2021 is in the books now. An interesting year for the markets, followed by an eventful 2020. + +Time to look back and introspect on the takeaways. + +In particular: + + - What did you learn / experience about investing, that weren't so clear to you before? + - How has your portfolio performed? Any personal achievements? Regrets and learnings? + + - Would you do anything differently with respect to your investing / personal finance management? + + - Important investing related events you'd remember this year for? + +How do you plan on turning 2022 a year for your investment happiness and getting closer to financial goals? + +Previous threads: + +- [Looking back at 2020](https://reddit.com/r/IndiaInvestments/comments/kpgssk/your_year_in_review_how_did_you_do_in_2020/) +I hope to drop banking entirely at some point, but I'm not there. + +I needed to open a new business account, but information about crypto friendliness of banks was scattered everywhere. Thus, Moon Banking. + +[Moon Banking](https://moonbanking.com) lets you rank banks on crypto-friendliness, as well as share your stories about banks. + +https://moonbanking.com -- Feedback appreciated. + +edit: A lot of good feedback. Thanks for that. + +Several updates have been made with your suggestions. I've been trading ETH for a few years, so it's nice to get feedback from you guys. +Hey there, + +I catch flack a lot (both IRL and here) for referring to buggy market data as "glitches". I'm not complaining, I understand why - these anomalies clearly stand out and rightfully should be noticed - but I wanted to share my perspective on their root cause, and provide some context on them, their importance, and my history fighting this battle. + +Am I someone who is too quick to label something a "glitch?" Do I just throw the term around recklessly? Are these serious technology problems that I'm minimizing? Let’s see ... + +https://preview.redd.it/x8z3qn846sc71.png?width=623&format=png&auto=webp&s=0f8bf5a5f1275668329a2504247281e40289233c + +If only there was some way to travel back in time, and find out my long-standing stance on "glitches.” Here’s, the intro to [my statement](https://www.sec.gov/comments/4-652/4652-32.pdf) on the SEC's Technology Roundtable in 2012: + +https://preview.redd.it/hj3lhvskusc71.png?width=839&format=png&auto=webp&s=8bb74d5bdefd73e29977f3cb3efad68cca835dfd + +So .... in black and white from nearly a decade ago … the [first opportunity](https://www.sec.gov/comments/4-652/4652-32.pdf) I ever had to testify before, and present to the SEC- way back in 2012 - I accused the industry of doing EXACTLY this: Minimizing the import of - and mischaracterizing - technology glitches! + +I hadn't thought of these comments in a while which is why I’m sharing them now, but look at the difference between what I label a "glitch" on Reddit (generally speaking, I'm talking about poorly processed market data on broker or data provider platforms, and have never used the term to refer to actual market operations or data dissemination) and what the industry has attempted to label a "glitch" (Knight Capital's $440M "[glitch](https://www.henricodolfing.com/2019/06/project-failure-case-study-knight-capital.html)" when their software spammed the market, the [failure](https://money.cnn.com/2016/04/04/investing/bats-ipo-embarrassment-exchange/index.html) of BATS to IPO on their own exchange, Nasdaq's [failure](https://www.cbsnews.com/news/facebook-ipo-trading-glitch-sullies-nasdaq/) to successfully IPO Facebook, etc). + +Now, if you're interested in building SOLUTIONS like I am, take a look at my [full statement](https://www.sec.gov/comments/4-652/4652-32.pdf) outlining better tech design and development, and a system I proposed to the SEC in order to monitor trading algorithms and conduct credible surveillance of market manipulation. + +It's terrible that the platforms most retail investors have access to have these kind of display or data processing problems. I believe, however, there's a big difference between serious market infrastructure problems, and poorly designed charting / market data processing systems on websites. But know that when I call something a glitch, what I mean is that either trades that were supposed to be filtered out were not, resulting in the display of trades that look like they occurred outside of the NBBO, or to a market data system that messed up processing data and is showing data out-of-order. There have been times where I've offered to take a look at our raw data to see if we see the same problems in it, and every time I have not seen the same problems. That's how I define a glitch. And they are a persistent and pernicious problem. + +&#x200B; + +https://preview.redd.it/l2tzxb747sc71.png?width=621&format=png&auto=webp&s=08cece84814d4c4b3283a231a226630857e849fa + +Now, real quick, on to a broader point - when I try to explain how things work, I'm only trying to help focus attention on the real problems, and away from issues that, in my opinion, are either not real issues or are red herrings. + +I believe: + +* There are serious problems with shorting, short sale marking violations, FTDs piling up or being deferred through warehousing and options trades; +* Payment for order flow and retail internalization are bad for markets - a massive conflict of interest that prevents brokers from getting best execution, and which artificially widens spreads across the entire market; +* Market manipulation exists, I’ve seen it with layering and spoofing on exchanges when analyzing data in unique and proprietary ways; +* There are conflicts-of-interest nearly EVERYWHERE you look on Wall St.... +* I could go on. + +I've been fighting to change a lot of this for a while now, and I'm excited that there is such popular interest and attention to all these issues. I also believe that together we can make change happen, and that this movement is in its early stages. As many of you know I am [building something new, something exciting](https://www.reddit.com/r/UrvinFinance/comments/oo3qb8/crowdfunding_access_is_open/) \- that I don’t want to talk too much about here out of respect for sub rules - but in many respects this project will cure many of the shortcomings I’ve seen and will help empower apes and all retail investors with accurate, clean, reliable information - which, in my view, is the bedrock for prosperity. +So, I was long term unemployed. I’m talking 12 years. + +I escaped domestic violence last year, he was a large part of why I was unemployed. Every time I looked serious about getting work, sending off applications etc. He’d threaten to commit suicide or similar. It was a baaaad situation. + +After getting myself healthy emotionally, I asked some friends for some help with my resume. Turned out, a lot of the emotional abuse had rubbed off on my resume. To the point where I looked like I had no life experience whatsoever. Not surprised that I got no interviews. Now my resume reflects all the volunteer stuff I did and really shows my skills. Took a few months of edits and re-edits. But first job I sent it off to with the new approach, landed me an interview. + +I also rang to ch could the hiring person had received it. They didn’t, internal emails etc. did an impromptu interview on the phone. Which got me the official interview. + +I got offered a job in September, took a little while for me to get all my vaccines etc done (health care) but I’ve been working for a few weeks now and absolutely LOVE MY JOB!!! + +I’m a casual, but that’s ok. I’ll work towards trying to get permanent hours soon. I did volunteer work and un-paid stuff over those years, also got a degree, but I’m just so excited about my job. Thought that you’d all understand. + +Edited to add some more details. + +Second Edit: +A few people are confused about how I could survive without a job. I qualified for a disability support pension in my country (Australia) due to a car accident ten years ago. I was a wheelchair user, but have since been able to get back to walking without any aides. + +After bills each week I would have between $75-100 to buy food and fuel. Each trip to University was about an 80-90klm round trip. To be able to afford rent or a house, that’s how far away we had to live. So fuel cost $1.30/L most of that time our fuel requirements took most of that money. We took advantage of a local low cost food option where for $5 you got a heap of past best before date but still edible food. + +In Aus we don’t have to have health insurance, healthcare is free or else quite cheap, so long as you’re happy to wait. +6ixbuzztv on Instagram made another page offering membership in a discord for advice on all things stocks betting etc. Posted up a pic of how much money they made off 1 night of betting. Thousands. They're looking for 300 members which would be a profit of $15,000 a week. When I called them out and said it's robbery they blocked me. Anyone making that much off stocks betting shouldn't need to charge people $50 a week giving them false hope to make thousands themselves +Charity tokens are hot and now everyone is doing a voting app, huh? Well, I've been in Charitas since the early days. Ya, the early days, April 9, 2021 was their first day and they're CURRENTLY at $1,000,000 mcap (previously hit 6M) - and they're about to blow up after coming back from the dark days of the crypto crash. + +Market conditions aside, Charitas has spent their energy building a stellar team to bring their revolutionary voting platform to fruition: + +• Vetted charities + +• Fundraisers for individual projects + +• Gamification and great use case for $CHAR - it's going to be huge!! + +For now, they've been giving their 1% charity fund to charities as voted by their community. And they've already done fundraisers with great influencers - NOBODY ELSE IS DOING THIS! + +🚀 **The Price is already starting to moon but here's why I think the market cap of CHAR is on the cusp of EXPLODING** 💥 : + +• Major Marketing and Branding Experts added to the team (Worked with Nike, NASCAR, Verizon, SuperBowl commercials, and more) 🤯 + +• Major Partnership in the Works (unnamed for now as fine details are being ironed out) 🧐 + +• Legal Entity Created 🏢 + +• Use case for $CHAR devised and partnerships formed 🧳 + +• Expanded team to help build new revenue streams 👨‍👦‍👦 + +• Application for small exchanges ✅ + +• Website Refresher 🔜 + +• Voting App Launch 🚀 + +• Major Website Redesign 💎 + +• Exchange listing 👀 + +• SUPER 🔥🔥🔥 MARKETING PUSH + +• Everything you've ever dreamed of is now yours AND you're getting monies to charities you love. + +Charitas’ fundraising agility far surpasses popular cryptocurrencies. 🗻 The small market cap and volatility allows for speculative behaviour that in turn increases volume, allows increased fundraising, and means that community members stay updated and contribute to voting. 🗳 + +Charitas’ community is attentive to global events and pivots to raise money for disaster relief. 🌋 With their newest team members putting together processes to vet and onboard charities to their platform, they will be the premier charity token. +THEY ARE THE CRYPTO BUILT FOR CHARITY FOR A REASON. + +Check out what they're all about on their [Website](https://charitas.fund) + + +DYOR - but seriously just listen to me because I know what I'm talking about. 🌝 +Hi everybody. I am located in the Czech Republic (sorry for my English) I need an advice, how to protect / diversify my savings, if the political situation here goes more bad. Czech Republic has its own currency and I would like to tackle the risk of currency manipulation (in my family, we have an “experience” monetary reform - terrible) by our central bank by holding different currencies too, especially USD and EUR - but outside the Czech Republic (from what I have read, it is not recommended to open bank account in different currency in “home country” - to lower the risk). + +Can you recommend me, how to tackle this problem? I was thinking about something like Wise, N26 - just to open bank account outside my country (Swiss? Unfortunately there is no online bank for non-residents solution) and hold some part of my savings there. Is it a good idea? Can you recommend me a solution or bank I should check out? I already have a stocks portfolio and hold some bitcoin.  + +Thanks! +https://www.cnbc.com/2020/11/02/apple-tv-available-on-xbox-series-x-xbox-series-s-playstation-5.html + +Apple TV will launch on the Xbox Series X and Series S game consoles, Microsoft confirmed on Monday. + +Apple TV will also be available for the Sony PS5. + +Both consoles launch this November, and the app will help get Apple’s services in front of more people. + +This is a good sign the apple is trying to expand the apple tv service. If apple can spend some money to purchase contents, apple tv will become more competitive. So apple stock is still a long term solid hold. +I get credit for 2 kids and my wife is a student. I think those are the things I thought might hold it up. +I did not qualify for EIC. + +Edit: accepted Jan 28. No other notification, it just appeared. +Here's the deal: + +* We've been renting an older, outdated house in an AMAZING neighborhood for the last few years. This is the type of neighborhood we could see ourselves living in for the rest of our lives. Currently month-to-month on our lease. + +* Landlord comes to us a few months ago and says he wants to offload some of his properties since he lives far away and doesn't like driving so far over here to fix things. Offers to sell the house to us off-market. There's no rush and we tell him we'll think about it. + +* In the meantime, spouse gets a new job in a city about 2 hours away. It's a good job. Our combined income allows us to live comfortably and achieve our financial goals. His job is currently WFH due to COVID, but will be returning to in-person full-time starting around Sept/Oct. I will be permanently WFH and can go wherever. + +* We hate moving. We agree that the only way we move to this city 2 hrs away is if we can buy a house there so we can settle down for at least 5 years. However, the competition is absolutely insane and we've been outbid on every single decent house we've looked at. We don't feel confident that the market will get any easier by the time his job forces him to return. + +* Buying our current rental house would force spouse to quit his new job and find another one locally. That means subsisting on one income (mine) for potentially several months during this job search. Mortgage would be around $2800 all-included (PITI) and I make $117k by myself. Spouse currently makes $100k in a non-tech field. + +What is the more responsible decision here? Buy the rental, lose a really lucrative job, but satisfy our housing needs for the next 10+ years, or keep the job and move to this new (less desirable) city 2 hrs away? +Welcome to the Daily Discussion [Moontalk] 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 free and relaxed than 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 inside 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. +- Important news worthy content is not permitted here and should be submitted as a separate post. + +*** + +* 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! + +Hold your applause, I am only a humble ape + +EDIT: First of all, how dare you. + +How dare you award me with potential Wiki/crayon money!? + +To the people saying that they can be biased: I agree, however I've made my pledge and believe that Wiki is an incredible resource that continues to serves its users internationally, and is much better at organizing and sourcing information than say, Facebook or even here on Reddit. I firmly believe that it is more of a positive influence than negative (*incoming poorly written Master's/Doctoral theses*). +Ok, this is fairly simple. + +You may have seen a pinned post over at ‘bets’ sub talking crap about DRS and GME. + +DON’T FALL FOR IT. + +Aside from the fact it’s rattling cages and the mods are apparently throwing out bans as quickly as they can hand them out, any good faith arguments *may be seen by Reddit admin as BRIGADING.* + +Is this fair? No. Is it worth the risk of getting this sub getting shut down? Also , no. + +Be smart. Don’t give anyone ammo. Be like RC. + +🏴‍☠️ + + +Edit - FOR CLARITY, I am not suggesting you go over and get a ban for lols, quite the opposite in fact. 🤦‍♂️ +I contacted Fidelity today to ask some questions regarding fees taken from my account. After chatting with the representative for about 10 minutes, my situation was handled. I went to say thank you for helping out and was about to hang up when the representative stated one more thing. “… And stay off Reddit, it’s going to get you in trouble with GameStop.” I assume he saw my GME position and figured that he needed to throw that in at the end. + +Jokes on him I’m going to buy and DRS more now 😂😂 These nerds are going to lose all their money to us “Redditors”. + +Edit: Tried to obtain a call log. Was told I need a court order. https://ibb.co/D5ZnDHF +Short summary of myself. I’m 25, been living on my own since I was 18 (renting) Never went to college and always have had the hustle type of mentality and always been really good At saving money. By the time I was 23-24 I had about 130k saved and last year I put about 70k of that into a duplex and another property with a family member so I still have about 70k give or take in savings). On the duplex I pay a small mortgage and the house that I have is fully paid off. (All three units are being rented) unfortunately the one lady in the duplex hasn’t been paying since March because of covid and there is nothing to do to get here out till March so that’s almost 7k she would owe me which I will unlikely get any of because of her having no income. So total worth of properties is about 140k for duplex and 110k for house. + +I know real estate is a long term investment so I’m not worried about missing out on that money right now as it was just sitting in cash before. My question is what do you think my smartest investments are? I am in the process of refinancing my properties so I will be getting pretty much almost all of my 70k back( so hopefully will have back around 130-150k) and still would come out to be making some money on top of the mortgages even tho the one lady is still not paying. Should I keep investing into more properties? I have a property manager so he handles literally everything for 10% of the monthly rent as well. + + +So realistically what would you do in my position? I have 0 debt as well. + +Edit: forgot to mention what my current income is. +Run my own business making about 50k a year give or take. And then also the properties I own so give or take another 700-1500 profit a month + +Realistically in my 25 years of life I’ve honestly have made over 350-400k but as I said in the post I’ve been living by myself since I was 18 so I’ve spent a ridiculous amount on expenses at an early age. +For the last year, my husband has been trying his hand investing. He started off with currency trading and lost his first $8k there. Then, he withdrew all his shares from various stocks to try his hand at investing through Tasty Works platform. He lost All his money there. After having a discussion, he agreed to put the rest of our savings in a mutual fund but went behind my back and instead withdrew $22K from his IRA. On Friday, he made another bad trade and lost everything he had in his IRA and told me that we now owe 10% to the bank for early withdrawal of his IRA. I am past the point of being furious and now looking to see what our options are. Is there any way to at least get the 10% early withdrawal fee waived? +Hello! +I have received £230 from an account called CountrySouth Nottingham and it was paid by VIS. Does anyone know what that is? I googled it and found nothing. What should I do? +We are being bent over by 10 shills with 5 accounts each because THEY sort by new and downvote every post worth looking at. + +Remember BCG? Do YOU? + +Because nothing about BCG will come out if YOU DONT SORT BY NEW. + +YOU think the CFO of BBBY jumping out his fucking window isnt related to GME? + +YOU think Evergrande isnt related to GME? + +YOU think the Treasury Bond market isnt related to GME? + +YOU think nobody should be allowed to talk about it? + +IF I found PROOF of where the shorts were hidden YOU WOULDNT FUCKING KNOW BECAUSE YOU DONT SORT BY NEW + +and some fucking shill named BIFF just clicked the downvote button 5 fucking times.. + +This is HOW they win + +You have beef with the most influential and powerful people in the world and they + +can win by clipping off the fruit at the vine before the sun comes up. + +You cant pick a fight with the biggest financial institutions in the world and expect everything to be spoonfed to you like a baby. + +I have been called a shill, clout chaser, karma whore - but they are all wrong, + +I am a DRSd APE and RC is my father + +DO YOUR FUCKING DUTY + +**SORT BY NEW EVERY TIME YOU TAKE A SHIT** + +**BUY+HOL+DRS+RESEARCH+VOTE IN NEW** + +SHILLS CANT SUCK MY NUTS + +This is a really interesting concept from SoFi, and definitely worth a read. It’s an ETF to track SoFi’s Sustainable Dividend Index that pays weekly dividends, and I wanted to see this community’s thoughts on it. + +https://www.etf.com/sections/daily-etf-watch/equity-etf-offers-weekly-dividend-payout +Gavin Adresen posted that he's going to visit CIA to give a presentation at an Emerging conference for the US intelligence community. Remember that he was invited by the CIA for this conference. That means CIA I knew about Bitcoin. + + +This is what he posted + +>I want to get this out in the open because it is the kind of thing that will generate conspiracy theories: I'm going to give a presentation about Bitcoin at CIA Headquarters in June at an emerging technologies conference for the US intelligence community. +> +> +> +>I accepted the invitation to speak because the act that I was invited means Bitcoin is already on their radar, and I think it might be a good chance to talk about why I think Bitcoin will make the world a better place. I think the goals of this project are to create better currency, create a more competitive and efficient international payment incompatible with goals of government. +> +> +> +>I'm only very slightly worried that talking about Bitcoin at the CIA will increase the chances that they'll try to do something we don't want them to do. I think accepting their invitation and being open about exactly what bitcoin is will make it less likely they will see it as a threat. +> +> +> +>PS: Full Disclosure: I'll be paid a one-time fee of $3K to cover expenses and pay me for my time. I don't want any "Gavin is on the CIA's payroll" rumors to get started, either +> +> +> +>as always, comments and questions and discussion welcome. I'd really rather not hear any conspiracy theories about how they will secretly implant a mind-control chip in my head while I'm there, though. + +&#x200B; + +https://preview.redd.it/kg6ngk6hr4w81.jpg?width=1199&format=pjpg&auto=webp&s=8ef5921104fb19d1e9871ea4638dc2ad48cae672 + +After that Mr. Satoshi never made any post again. + +Source: [https://bitcointalk.org/?topic=6652.0](https://bitcointalk.org/?topic=6652.0) +# Last Week’s Review + +The SPY and QQQ ended flat last week while IWM and small-caps closed down -1%. The market did not react well to the Fed hinting of a potential taper by the end of 2021 or early 2022. Growth names took a beating, but most of last week’s list performed relatively well being down only 2-3%. + +Jackson hole Fed meeting, virtually, is taking place this Friday August 28 and will be a big tell in what’s to happen next for the market. They will discuss economic policies that, as we know, rule over the stock market and dictate where valuations should be. If you are an investor this will be a key event to keep an eye on. Due to the meeting I will be trading light this week, but I’ve still put together a few names on my watch-list down below. + +&#x200B; + +The market is in a peculiar place. We have: + +* Retail sales lower than expected +* China retail sales lower than expected +* China stocks still in hot lava +* Fed saying it’s time to taper +* Inflation being transitory and also maybe not transitory +* Covid news flip-flopping daily between good and bad + +&#x200B; + +There is more information than the market can even digest, which is a possible factor for this increase in volatility and choppiness. + +&#x200B; + +I want to eventually get into all the details of how I find stocks to choose from. It’s really nothing fancy like boilinger bands or ichimoku clouds, but rather simple technicals such as support and resistance lines, moving averages, and trend channels. + +&#x200B; + +There will never be a clear leading indicator of when to buy or sell a stock for max profit. Most of it is knowing about the stock/company and finding a reasonable entry point for it, like we’ve been doing with out “Buy The Dip” charts. Next week I’ll cover some of these charting and technicals a bit more in-depth, but for now I’ll leave you with several questions I ask myself before entering the play. + +&#x200B; + +* Is the company fundamentally strong? If not, am I playing a bounce or what is my game-plan, aka how long will I hold the position? +* Is the stock in an up-trend? If yes, is it near the top of the channel, or at the lower trend-line and a decent entry? +* Is the stock in a down-trend? Has the stock price settled or bottomed? If yes a base might be forming. If not, am I catching this knife because I think the share price over-reacted to bad news? Is the company still trading at ridiculous PE or P/S? Did the company’s moat get threatened? Has growth slowed? +* Am I trading on stock hype? Has the hype died off and provided a potential entry, AKA my green/orange/red zones? Am I FOMOing into the trade or should I re-visit this stock in 7 days and see if it’s still something I want to buy. + +&#x200B; + +These are all important questions to ask yourself before you enter any position. Figure out your game-plan and strategy and fine-tune it into something that works for you. + +&#x200B; + +What do a pizza, gambling, and tech stock have in common? Nothing, but let’s buy the Fing dip. + +&#x200B; + +# The MEME List + +**DraftKings (DKNG)** + +https://preview.redd.it/9el4sox3qzi71.png?width=2254&format=png&auto=webp&s=5de68b377fa204ea5b9afe50c4fff31f37fcd8ad + +DKNG had a great run up to $70 earlier this year, but since then it saw a steady decline, with most other growth stocks, back to the $40 level. Looking at the 50 EMA line it was clear that it was in a downtrend, but it just recently crossed back over. I wouldn't say an uptrend is confirmed just yet, but we are almost there. This may prove to be a good entry and I'm willing to take the risk on this fairly risk-averse play. + +There is potential it could drop back to $45 level, but IMO this could also be a $75 stock. I see 10-20% downside risk with 50% potential upside and that is a risk-reward I prefer. + +&#x200B; + +**Snowflake (SNOW)** + +https://preview.redd.it/6b6a9co4qzi71.png?width=2266&format=png&auto=webp&s=5744ab52d9758e585851ccce306556b29f712154 + +The over-hyped IPO of SNOW that shot the stock up to over $400 per share and eventually into a quick reversal back to the high $200's. I added an orange zone box to show where the stock started to bottom out. SNOW has lost most of it’s volatility that surrounded the IPO and since May has been on a SLOW grind back up. SNOW is down 8% over the last 5-trading sessions and is sitting at the 50 EMA (orange line). I'll be looking for a bounce off this line. + +&#x200B; + +# The BTFD List + +**Paypal (PYPL)** + +https://preview.redd.it/rd70goj5qzi71.png?width=2266&format=png&auto=webp&s=fdad24c92f5ef76a043ff84dbe7b4332e6a041f9 + +Paypal stock dropped recently on earnings after Ebay announced a transition to their own managed payments system. PYPL did post impressive earnings, but had soft guidance for Q4 and the stock tumbled. + +Unlike meme stocks PYPL's trends have been steady and consistent. Looking at the chart it just recently dipped below the 50 EMA to potentially form a reversal (but not yet), and is sitting at the 100 EMA where I am looking for a bounce. Should we lose this level I might exit the position as the trend would be confirmed to the downside and potentially $240. + +&#x200B; + +**Dominoes Pizza (DPZ)** + +https://preview.redd.it/sua96256qzi71.png?width=2270&format=png&auto=webp&s=7bb2822afdbc1f1bf1098a64d0070dede62074f3 + +Led by international expansions and strong domestic growth Dominoes pizza has been one of the most out-performing stocks of 2021. Similar to PYPL above it has been on an extremely consistent uptrend. The recent 5% dip has given an entry point and IMO any dip to the 50 EMA can also provide an entry. The stock is also hitting some over-sold indicators which would agree with my bias. + +&#x200B; + +**Taiwan Semis Manufacturing (TSM)** + +https://preview.redd.it/smbvapp6qzi71.png?width=2262&format=png&auto=webp&s=b28776d485adae6ad33738bd6ae2c07bbccc9e98 + +The semi-shortage has been affecting many industries. With how cyclical production can be analysts are nervous about the over-production and over-supply that might eventually hit. However, I expect chip demand to remain robust for the foreseeable future. TSM was trading in a range for almost 6 months and oversold levels are starting to show, but IMO this is a value play. TSM trading at a much lower PE relative to their competitors of NVDA and AMD, and not getting much love. To be able to buy this name back at almost the same price as 9 months ago is a value entry. + +&#x200B; + +That’s the end of this week’s edition! Hope you all are able to take something away from it. For those that are interested in the memes I’ll be bringing some of those back as well. Hope you had a great weekend all and see you next week! +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + + + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +&#x200B; + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Ok Apes... Last time we spoke, we talked about Charter Schools and questioned the reason why SO MANY Billionaires we're interested in investing in them. + +I'll let you make your own interpretations: [PART 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +This time... we are going to talk about the OTHER thing that Billionaires all love to pump money into... + +# FOUNDATIONS + +Now... don't get me wrong here. I'm sure there are lots of foundations out there that do a lot of good. This is merely an examination of the FUNCTIONALITY of these foundations and why they potentially get so much attention from the super-rich. + +Let's start with one we all know... + +&#x200B; + +https://preview.redd.it/4gktjg5nvm571.png?width=976&format=png&auto=webp&s=533ec0528af455a3b5eeeeb05a7866d1cf365efe + +# The Bill and Linda Gates Foundation + +Now... maybe you already know this, maybe you don't... but Non-Profit Foundations get significant tax breaks from the government... but they still need to report to the IRS through what's called a FORM 990. + +So I decided to look at The Bill and Linda Gates Foundations FORM 990. + +Specifically, their last filled one which was sent in 2020, for year 2019. + +So let's take a look-see... + +The Gates Foundation: + +**Received $3.3 BILLION in Contributions** (Makes sense so far) + +**Earned $826 million from Dividends and Interest from Securities** (Wait WHAT?) + +The Gates foundation is trading securities? + +Am I the only person who didn't know this? + +**Gross Sales of all assets of $260 BILLION** + +**Net Profit from Sales of Assets of $2 Billion** + +**Capital Gains Net Income $6 Billion** + +**Net Revenue $6.4 Billion** + +**Net Investment Income $7 Billion** + +And then what are their expense? + +THE BIGGEST ONE... + +**Total contributions paid: $5.8 Billion** + +Meaning... + +**Their NET INCOME was just $320 million** + +**But their NET INVESTMENT income is $6.9 BILLION?** + +So they take money in... invest it... pay it back out... but keep the investment profits? + +\+ They don't have to pay capital gains tax as it's a charitable foundation. + +\+ Total Tax Paid on their investment side was $25.6 Million of $7 Billion in Profits!! + +\+ That's a 0.3% tax rate! + +But this COULD be just speculating on high-level numbers right? + +NAH... + +\------------------------------------------------------------------------------------------------------------------ + +They actually break it down for us... + +* **Investments in Government Obligations: $8.9 BILLION** +* **Investment in Corporate Stocks: $33.5 BILLION** +* **Investment "Other" (WTF?): $5.8 Billion** + +**TOTAL ASSETS $50 BILLION** + +(That's more than Citadel has AUM) + +\------------------------------------------------------------------------------------------------------------------ + +And they ACTUALLY list this... + +**Net Value of NONCHARITABLE-USE ASSETS for 2019? $47.6 BILLION** + +So MOST of their assets are not actually for Charitable use??? + +Fuck me... + +\------------------------------------------------------------------------------------------------------------------ + +How much investment has gone into the Gates Foundation? + +* **Mr William H Gates? Management Fees $64 million** +* **Mr William H Gates? Securities $452 million** +* **Mr William H Gates? $55 Million** +* **Mr William H Gates and Melinda French Gates? $10.8 million** +* **Mr Warren Buffett? $2.7 BILLION** + +**Non-Cash Property Given**? Class B Berkshire Hathaway Shares valued at… **$2.7 BILLION** + +So really… Warren just put in $2.7 Billion of Shares as Assets on their books? I wonder why… ? + +\------------------------------------------------------------------------------------------------------------------ + +What **CONTROLLED ENTITIES** have they Contributed to? + +* **The Global Good Fund $100 Million** +* **GreenBriar Equity Fund $6 Million** + +(These are the only ones they are obliged to document) + +Contributions from **CONTROLLED ENTITIES**? + +* GreenBriar Equity Fund? $174 million + +Hang on… lol. Did they just report that they gave GreenBriar $6 million and GreenBriar gave them back $174 million? + +Nice returns.. lol + +Lol… I’m not wrinkled brained enough to know what that means really… but lol. + +\------------------------------------------------------------------------------------------------------------------ + +I've taken on board the feedback that my last BBC was a little depressing... SO + +Here's a puppy Break to cheer you up... + +&#x200B; + +https://preview.redd.it/z5hxsotuym571.png?width=680&format=png&auto=webp&s=89a0ee3bf65f351ac919e09439c4d39d57524f8c + +\------------------------------------------------------------------------------------------------------------------ + +They **EVEN LIST THE STOCKS** that they are invested in… + +(Gamestop is not one) + +But look who has got $11.3 Billion? Berkshire Hathaway + +(Remember Warren only invested $2.7 Billion) + +Disclaimer: I fucking love the shit outta Warren Buffett + +Other big numbers: + +* **$1.5 Billion in Canadian Natl Railway** +* **$1.6 Billion in Caterpillar** +* **$1.3 Billion in Walmart** +* **$2.2 Billion in Waste Management Inc** + +What do these stocks have in Common? They are NOT Berkshire Hathaway stocks… because that would be WAY to obvious. But LOOK like they are nice safe, solid, FUNDAMENTALLY sound positions. I’ll say no more. + +They list their Corporate Bonds too, but nothing stood out to me. Feel free to take a comb through + +\------------------------------------------------------------------------------------------------------------------ + +# INVESTMENTS OTHER + +This is an interesting little section in the Form 990. + +They actually break down their other investments, which if you remember was listed as a total of $5.8 billion. + +Some wrinkle brains should def go through this, as I have no clue what I am looking at, but here are a few points that stood out to me: + +* **Citadel is listed on there as a Bank Loan, but for only $1.5 million. Breadcrumbs...** +* **Bridgewater Pure Alpha Lead was given $87 million listed as a partner? Interesting…** +* **Canada Housing Trust was given $752 million as a Foreign Government Issue** +* **China Government Bond and Treasuring were given $750 million, listed as Foreign Government Issues** +* **100s of Millions went to different pools that I don’t understand** +* **700 million went into buying PHYSICAL Gold Bars -- WTF Bill? Lol** +* **$223 million went to GreenBriar as a partnership? (Remember GreenBriar were the ones that donated $174 million earlier)** +* **100 million went to GTI 8 Institutional Investors (Whoever they are)** +* **$805 Million went to Mexico CETES what ever that is?** + +I think you get the picture right? + +NOW…. + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------ + +There are a couple of sections in this document that for some stupid reason are printed **SIDEWAYS**… + +(Maybe they want these to be more difficult to read?) + +But I did read one of them… + +This is **TITLED**: + +Net Gain or LOSS from Sale of Assets not on Line 10 + +* Ok, so first up wtf with this as a title? +* Is this additional revenue that they just don’t have to list at all? +* How it’s required is just listed as purchased or donated +* Date Acquired is just listed as **VARIOUS** +* Date Sold is just listed as **VARIOUS** + +But… remember that number I threw out right AT THE START OF THIS POST??? + +(Go on… check… I’ll wait - See if you can figure out which number I am referring to?) + +&#x200B; + +https://preview.redd.it/97r93dt30n571.png?width=450&format=png&auto=webp&s=1041de8497a9914909bcc23a24921c0f13c43358 + +I said… + +Listed as having **GROSS SALES OF GROSS SALES PRICE OF ALL ASSETS?** + +That number was **$260 BILLION**… + +Take that in for a second… + +The total AUM of Citadel is $35 Billion + +**$260 Billion is 7 times that size!!** + +(I did the math) + +Well that $260 BILLION is also listed on one of these SIDEWAYS PAGES that they don’t want us to read… under Net Gain from Sale of Assets Not on Line 10??? + +They even break this down for us! (On a SIDEWAYS PAGE of course) + +The big numbers… (The ones in the billions) are: + +* $11 Billion in Equities +* $87 Billion in Fixed Income (How is this amount a fixed income) +* $162 Billion in Cash Equivalents + +WHAT THE ACTUAL FUCK? + +AND THAT”S THE END OF THE REPORT! + +SOURCE: [https://apps.irs.gov/pub/epostcard/cor/911663695\_201912\_990PF\_2021021717709925.pdf](https://apps.irs.gov/pub/epostcard/cor/911663695_201912_990PF_2021021717709925.pdf) + +\------------------------------------------------------------------------------------------------------------------------- + +So it’s safe to say… that **JUST LIKE THE CHARTER SCHOOLS**, these foundations are all REALLY in the business of making money right? - Just MY OPINION of course… + +But let’s check if the pattern holds true… + +I tried looking up different foundations… and lot’s of the WELL KNOWN foundations, I couldn’t find ANY Form 990s on. + +(Sometimes these foundations are known by one name, but listed as a different name) + +But here’s the ones that I have and show a similar pattern: + +Example: **The Lynn & Stacy Schusterman Foundation** is **ACTUALLY** listed as Charles and Lynn Schusterman Family Foundation + +(Charles is the Father, who was an oil Tycoon) + +* Donations: $5.7 million +* Dividends and Interest: $34 million (They invest both directly in companies and through Stocks) +* Net Gain from Sale of Assets: $151 million +* Total Revenue $207 million +* Net Investment Income $197 million +* Total Assets: $2.2 BILLION + +Reference: [https://apps.irs.gov/pub/epostcard/cor/731312965\_201912\_990PF\_2021021317706329.pdf](https://apps.irs.gov/pub/epostcard/cor/731312965_201912_990PF_2021021317706329.pdf) + +\-- I**MPORTANTLY HERE**… this example lists their PAYEES. Alot of which are foundations themselves. + +Want MORE examples? + +Charles Koch - Koch Industries + +**The Charles Koch Foundation** (Christ, they all name them the same) + +* Donations: $128 Million +* Dividends $15 million +* Revenue $168 Million +* Investment Income $39 million +* “Other” Investments Balance $617 million +* Total Assets: $685 million +* What are the “Other” investment? +* Elliot International Fund $50 mil +* EFPRP (What ever the fuck this is) $535 million +* BAIH (What ever the fuck this is) $60 million + +Source: [https://apps.irs.gov/pub/epostcard/cor/480918408\_201812\_990PF\_2020012117047703.pdf](https://apps.irs.gov/pub/epostcard/cor/480918408_201812_990PF_2020012117047703.pdf) + +I’m not going to go through ALL of these foundations, because 1… they are hard to track down due to naming variations… 2… My Head hurts from reading this shit and being shocked. + +But I think it’s safe to say that it most CERTAINLY is possible that other foundations are doing similar right? + +So let me get this straight… + +\------------------------------------------------------------------------------------------------------------------------------- + +Rich People, Create Foundations to avoid tax, take in donations, Invest the donations, make profit from the investments, and then donate the incoming donations out to Charter Schools (Which Make them profit), Political Campaigns (Which Gain them influence) or other Foundations (Which likely do the same kind of shit)... and maybe help some people along the way too for some good PR? + +\----------------------------------------------------------------------------------------------------------------------------------- + +Is this the world we’re living in? + +Who else has a foundation? + +\----------------------------------------------------------------------------------------------------------------------------------- + +But first... PUPPY BREAK! + +Aww... look it that little cute smile on him! + +&#x200B; + +https://preview.redd.it/7rqeiuu72n571.png?width=1200&format=png&auto=webp&s=4621ba0224be8b3ecc6dd8737085f72668533612 + +\----------------------------------------------------------------------------------------------------------------------------------- + +**Kenneth C. Griffin Charitable Fund** \- Couldn’t find anything on this… (I Checked all variations I could think of) + +**The Citadel Foundation** \- There is money going through here, but not being invested + +Source: [https://apps.irs.gov/pub/epostcard/cor/364482467\_201812\_990PF\_2019032916200160.pdf](https://apps.irs.gov/pub/epostcard/cor/364482467_201812_990PF_2019032916200160.pdf) + +(Lots of Educational Donations though) + +**Michael “Milky” Milken**… you can bet he’s got some. + +**The Milken Family Foundation** $100 million in assets and you can bet he’s trading through here too… (Lots going through Apollo) + +[https://apps.irs.gov/pub/epostcard/cor/954073646\_201911\_990PF\_2021040817913329.pdf](https://apps.irs.gov/pub/epostcard/cor/954073646_201911_990PF_2021040817913329.pdf) + +But of Course… + +He’s got the **Milken Institute** aswell… + +$500 million in assets + +He’s trading Securities through it, with Gross sales of $37 million, and $230 million directly invested in securities, + +He donates through it (Lots of Educational), + +Source: [https://apps.irs.gov/pub/epostcard/cor/954240775\_201912\_990\_2021040217865675.pdf](https://apps.irs.gov/pub/epostcard/cor/954240775_201912_990_2021040217865675.pdf) + +The List Goes on Apes I’m Afraid… + +So I’ll be brief with these: + +* **George Soros** Has the Open Society Foundations +* **Charles Feeney** has a foundation +* Intels **Gordon Moore** has a foundation +* The **Broad Family** has a foundation +* Renaissance Hedge Fund Manager **Jim Simons** has 1 +* **Mark Zuckerberg** and **Priscilla Chan** have 1 +* **Michael & Susan Dell** have 1 +* **Leonard & Ronald Lauder** have 1 +* Oil and Banking **George Kaiser** has 1 +* Hedgie **Julian Robertson** (You remember him right?) has 1 + * (Yup… I checked, it follows the pattern) +* **Ted Turner** Founder of CNN has one called the United Nations Foundation - And he’s trading securities through it! + * (The UN can not raise funds itself) + +The list goes on Apes… + +\---------------------------------------------------------------------------------------------------------------------------- + +**AM I SAYING THAT ALL FOUNDATIONS DO THIS?** + +Most certainly not. + +**AM I SAYING THAT IT IS POSSIBLE THAT FOUNDATIONS ARE USED FOR PROFIT THROUGH INVESTING AND TRADING SECURITIES?** + +Most Certainly - In my opinion at least and from what I can see in these Form 990s + +&#x200B; + +\---------------------------------------------------------------------------------------------------------------------------- + +Well that's it for today Apes... + +I hope this doesn't slant your view of humanity! + +Remember, there are lots of beautiful things out there including this community and each one of you GLORIUS BASTARDS! + +&#x200B; + +**LET ME KNOW WHAT YOU THINK OF THIS SERIES AS IT REALLY HELPS KEEP ME MOTIVATED!** + +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +&#x200B; + +STAY TUNED FOR PART 6 + +(There's more) + +&#x200B; + +EDIT 1: Third puppy... by popular demand... + +Awww... look at the little fella... give me the paw... give me the paw... + +&#x200B; + +https://preview.redd.it/cz9g8k6y4n571.png?width=1080&format=png&auto=webp&s=da9e475f11fef8bf8c821081d735f34ddf47e255 +You learn about an ASX company that is currently on a 50% SP run-up and get curious. + +You read DDs here, you read HC forum threads and decide you like the company too. It's green and future and meme-worthy. + +&#x200B; + +You see that early investors are apparently on track to become **M**ILLIO**N**AIRE**S** when the company finishes their project and is likely to get fully re-rated + US-listed for possibly multi-billion valuations. You now really want in to earn some of those sweet, *sweet* tendies. + +&#x200B; + +You want a 10-bagger, but at current SP you can only earn 4-baggers during this run up to the target price most holders are predicting. + +You want to buy the dip so you decide to wait for a cheaper entry (more units for the same amount of capital). You think perhaps you can still make a 5-bagger profit, which is clearly better than a 4-bagger. + +&#x200B; + +You decide to wait a week for the pullback because surely it can't keep running like this forever. + +&#x200B; + +The stock ends up rocketing for another week and then finally pulls back from a new ATH, but it doesn't pull back much. Now all you can earn is a 3-bagger if you buy in at the new stable share price. + +&#x200B; + +You see the stock stay at these price levels for a solid month not seeing another pull-back to buy into, you give up altogether thinking it might've already run its course, people have lost interest, and won't hit the original price target or go further down, even though nothing has changed about the company's ambitions. + +&#x200B; + +While you've moved on to other stocks waiting on their pull backs, the company keeps reporting decent progress ANNs, and actually completes their project and becomes profitable, albeit around a month later than the original timeline. + +&#x200B; + +The share price finally re-rates to the target price at the last ANN after a bullish piece by Murdoch media (who manufactured the previous silence to give time for their insto buddies to buy in). Company's success even gets a retweet by ScoMo because he loves to shake hands and rub shoulders to borrow others' public goodwill. + +&#x200B; + +Now with a completely materialised SP squiggle on SelfWealth, you realise that if you had DCA regularly every time you waited for a pull back, your average buy-in would've still given you a 2-bagger overall. + +You could have earned a 4, 3, or 2 bagger. But now you are a no-bagger. + +&#x200B; + +You cry a little when you see the diamond hand holders celebrate their F U money. You find that you're not alone, as you share a tissue with the paper hands who early exited, the AusFinance pussyman who always watches from the sidelines wearing their Vanguard sneakers, and the downrampers/haters who can't comprehend that a company that used to be shit is somehow able to stop being shit and turn its management/operations around. + +&#x200B; + +Perhaps you've learned a lesson from this experience, a little bit wiser for further down the road. + +&#x200B; + +Or perhaps you're still looking for another rising star to have a pull back so you can buy into the dip. + +&#x200B; + +After all, a 5-bagger is better than a 4-bagger. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +^(tl;dr) **^(MNS share price target $4 by Jun 2022)** + +EDIT: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💎🙏 +All weekend, aside from creating a WSB Zoo, (which is great and thank everyone who contributed). We had people celebrating this is the week. I’ve saw those comments over and over all weekend. If I’m seeing it, so are the hedgies. March 19th has been marked on our calendar for weeks. EXPECT THE WORST CASE SCENARIO! + +If this was poker, we are literally showing our hands before we go all in. The hedgies are seeing our cards and folding just to prolong this squeeze. + +We just need to continue to be patient and buy what we can afford and most importantly HOLD! + +The numbers are on our side. All they are trying to do is cause fear and doubt. They NEED OUR SHARES! + +This is not financial advise, this is 💎🙌🦍 advice. + +Edit 1: So I’m been getting a lot of comments about me being a shill, hedgie, bot, etc... So let me end this retardness + +Yes, I joined Reddit 41 days ago. The same day Mark Cuban came here to chat with us. I like some apes here bought GME in January out of fomo. I saw the stock go up and then crash down to the 50s. I’m usually a low risk stock trader, but I saw an opportunity to “get rich quick.” When I saw my portfolio go red for the first time ever, I was panicking, like wtf is going on. I knew RH and other brokerages restricted us from buying which led to the dip, so I HELD. So when I saw Mark Cuban on here and he told us to “HOLD!” I felt reassured. Since I created a new account and joined wsb, I thought to browse through all the post and memes. Here I saw stories of how people were effected in 2008, and their parents lost their homes due to these 1%. I saw stories of how people have been poor or barely making ends meet have this once in a lifetime opportunity to turn their life around. I’ve seen stories about expensive medical bills, rent, buying a first home, and other necessities, how this opportunity can change their lives. I seen stories about just wanting to get their tendies so apes can buy a lambo. All these stories really touched me and changed my whole perspective about life, stocks and this short squeeze. I originally bought these stocks for the money, but now I know it’s much much more. It’s NOT about ME, it’s about 🦍. APES STRONG TOGETHER! And anyone else who doesn’t agree with this movement and only cares about their money, you’re just a selfish paper hand to me. So the past month and a half, I took the time to learn, learn about stocks, options, shorts, GME, etc... because I believe in this stock and I was to help others. I know firsthand how it feels to be a newbie and buying due to fomo and seeing the stock dip. So I’m trying to help and educate the fellow apes as much as I can, because every ape is important no matter how many shares they hold, because there’s more than one way to help the cause than buying. + +So some of y’all can continue to criticize me, I really don’t care. I’m going to continue to help and educate others. + +Finally if that story isn’t convincing, IF GME CLOSES AT LEAST $350 on FRIDAY, I will eat a Green Crayon. + +Hopefully that convinces the naysayers that I’m a 💎🙌🦍! +That's right. According to the WSJ article today, part of the 1.5 billion deal included a seat on the board for this guy >>> [https://www.forbes.com/profile/alfred-lin/?sh=5629fb8a17b0](https://www.forbes.com/profile/alfred-lin/?sh=5629fb8a17b0) **Alfred Lin** + +Relevant quote from WSJ: + +>"Venture-capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15 billion in the Chicago-based firm, the company told The Wall Street Journal. Sequoia partner Alfred Lin will also join Citadel Securities’ board." + +If you read the blurb you'll see Reddit mentioned. I looked further, and voila! + +[https://www.sequoiacap.com/companies/reddit/](https://www.sequoiacap.com/companies/reddit/) + +So yeah. That's just fantastic. + +*Shits getting spicy!* + +Edit: F$ck around and find out. New decentralized social platform being worked on. + +[https://discord.gg/eJYW3SHB](https://discord.gg/eJYW3SHB) + +The internet remains undefeated. +The tax man is currently butt fucking me to the tune of $40,000+ a year. +I don't have the capital for an investment property yet, but I still want to lower the amount of butt fucking I have to take from them. + + +I'm going to take out a $10k loan every month for a year to buy shares. +At the end of the year I should have roughly a 120k loan @ 3.75% = 4,500 yearly interest payments which I can deduct from my taxable income. + +There are no margin calls, dividends will be fully franked (hopefully), and stonks only go up. +It literally can't go tits up. + +&#x200B; + +Has anyone else done this, am I missing something? It almost sounds too good to be true. +The only downside I can see each month I will have $3k less to put into my meme shares. +($3k is the deposit required for a 10k loan) +Hi everyone, 30 months ago I sent mistakenly 1 BTC to the Huobi's cold wallet. Yes, I'm retard, I feel terrible. + +**Transaction**: + +[https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b](https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b) + +&#x200B; + +**How I send mistakenly 1 BTC to the Huobi Cold Wallet?** + +A day I was watching a BTC rich list and exploring the addresses. I'm unsure how exactly it happens because I verified the address, but when I sent 1 BTC I did mistakenly to the wrong address!!! I verified that I was sending to the correct address, but I had to remake the sendship because the wallet crashed, probably there was the problem, the huobi's cold wallet address was in the clipboard. Anyways I don't have certainty how it happens.List: [https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) + +It was a mistake, I work often sending and receiving BTC. When you do a certain task all the days copying wrong data could be a **TERRIBLE** but **EASY** mistake to do, because we are humans and we fall in the trust. **As you did a task correctly many many times you earn trust on yourself and try save time.** If it didn't happens to you ever you aren't being honest. + +&#x200B; + +**7 months talking with Huobi Customer Support (part 1)** + +I tried to contact Huobi's customer support. First they first didn't understand me, thinking that I tried to deposit on Huobi and sent to a wrong address. After they understand they told me that the address doesn't belongs to Huobi and they can't help me. That is false, I did an investigation and they have direct relation with this address, they can help me. Read my following analysis please: + +&#x200B; + +**Huobi Ownership Analysis** + +Searching, sites says that the address belongs to Huobi Huobi support says that address doesn't belongs to Huobi + +I don't know if belongs to Huobi or not, but I can deduct and track that the address is related with Huobi + +Why? The address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 regulary sent big amounts to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D + +Then, is VERY PROBABLY THAT 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER KNOWS 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER And the 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER can help me. + +Searching, some sites (and sites like USDT Official page [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist)) says that the address 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D belongs to Huobi + +Again, I don't know really if the address is of Huobi, but I can deduct and track that the address is related with Huobi + +Why? On my Huobi account I made only 2 BTC withdraws from Huobi in the past + +2018-05-08 18:36:45 , txid: 0e6bf02323ebc166b6638afcd6170ecb73948748235e687def7e7a3cb1902fca , it has 239 inputs 2018-05-08 20:17:10 , txid: b59b988d642fe3773268e246ef1a0d048bbd3f734a611d00722b39126ed9e20b , it has 239 inputs too + +In both transaction, all inputs are addresses that BELONGS TO HUOBI, because you huobi are sending me BTC + +Both transactions has 39 addresses as inputs in common (all huobi address, maybe deposit addresses of anothers huobi users) + +Example: 1M9ndPSQ4fmMKaKW2oX7LtjduDqYUcFKCW + +Analyzing the transactions of this address, we can found many transactions sending BTC to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER + +[https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77](https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77)[https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87](https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87)[https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2](https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2)[https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1](https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1)[https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56](https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56) + +User withdraw? No BECAUSE the amounts are lower than the quantity required for a Huobi withdraw (0.01 BTC) VERY VERY PROBABLY that 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi And seeing all transactions, probably all of them are being used to pay USDT fees (i didn't study this part but isn't relevant) + +Then, if 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi, you can help me High probably that you know the 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER , address which I mistakenly sent 1 BTC + +Please, tell him that give me back my 1 BTC + +See my transactions asking the 3CBq.. owner give my BTC back: [https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7](https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7)[https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e](https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e) + +sending to 1SentYou1BtcP1sBackToMeP1sNznQ1zH(read the address) and to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 with the same addresses used to send 1 BTC to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 + +&#x200B; + +**7 months talking with Huobi Customer Support (part 2)** + +After understanding this , they asked me my consent to pay a fee. I agreed. After they asked me sign a message with my privates keys. I did it. And finally they tell me "Wait". I'm waiting 7 months ago, all months I ask and they ever reply the same "We will contact you". Now they told me " Hello，sorry for the inconvenience, we feedback your problem to our technology department.  After a series of research and development, but it can not be solved.  Please understand this.  " + +I want to think that the team is failing and Huobi isn't wanting steal my BTC. What they are doing maybe could be illegal. I'm thinking to talk with lawers on Singapore, I don't know what more to do. + +I tried to contact the CEO Livio on Twitter ( [https://twitter.com/livio\_huobi](https://twitter.com/livio_huobi) ) but they don't reply me! I want to think that someone else is administering their account. + +&#x200B; + +**My ownership evidence**: + +Message: + + I sent mistakenly 1 BTC to the address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 on these transaction + TXID: 4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b + + Please send me back to 3J4n1P9qX1nnPHxb8e63B8z7HQs65QXRoz or 1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL or 1K8JEvgg3sketnpExziFupBb2UQaQaCiaE + +( Pastebin: [https://pastebin.com/K6bXr6Mz](https://pastebin.com/K6bXr6Mz) ) + +Signature (1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL) + + H/443F0x29qHAQJj8FoizXCX4V+kVzjifKq2LYhsJisjGf5iyBotpF0W7y74lg7vMV9ebsHgaW9FEfzzd8TIA6U= + +Signature (1K8JEvgg3sketnpExziFupBb2UQaQaCiaE) + + H7GCXHHb+Iy6T9xu8c6867Wd7u6jc9sabbMVvGsUtEvddKqbslwajYBfFe3stQvIVJ7mK3Nuyh2aKOOdnjfU840= + +***Huobi CEO contact me please, my UUID is 19951559*** + +&#x200B; + +**UPDATE 16/06/2019**: + +All the balance of **3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64** was sent to **1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D**. That is an address which is PROPERTY OF HUOBI.834dea449693ac8380eecd906936db0eb514ae9b4426def3e3534c8525447fea + +Read my analysis. Tether saying that this wallet is owned by Huobi: [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist) + +&#x200B; + +\*\*UPDATE 13/02/2020:\*\* + +Now my BTC is there: [https://www.blockchain.com/btc/tx/00e702abddccf05a7da50143c3139436a5c6ef0e613593af01cba8c983faa99f](https://www.blockchain.com/btc/tx/00e702abddccf05a7da50143c3139436a5c6ef0e613593af01cba8c983faa99f) + +They blocked me from telegram and support don't help or ignores me + +**Upvoting this helps me (I'm not suggesting it but I will appreciate)** + +**If someone knows how contact the CEO please help me** +I always remember the Bill Gates AMA and someone asked what is your “rich guy thing?” and IIRC he said he had an unnecessary trampoline park in his house because it makes him and his family happy. + +What luxuries do you know you massively overspend (or overspent) on - but you do (or did so) because it brings joy and happiness into your life? + +Edit: UKPF loves spending money on watches, bicycles and wine +Long time lurker - rarely a poster. + +I’m in my early 30’s and come from a poverty background. Dented cans, financial anxiety, instability like many of you. I am a first gen American, first generation college grad, and a first in family graduate school graduate. + +Today I checked my retirement portfolio and finally eclipsed $101,000 in savings and investments for my retirement. I know it’s not a million, yet, but I have diligently saved for 10 years and can’t really celebrate this with anyone in my family without making them feel bad, so I had to celebrate it here! + +I started saving at 22 and have done so every week since. Nobody in my family has the luxury of retirement, or even a safety net to fall on. I am proud of where I came from and hopeful about where I am going. + + +Free Advice: + +If you’re starting out working, even if you think you can’t afford to save, OPEN A ROTH IRA, or something else. You can adjust to the missing $125.00 a paycheck if you forget you have it. Chances are you have done with less before and in the long run, it will pay off. +So I have about $70k that I can just let sit in the bank, invest somehow into something or whatever. Not quite sure what the right move is here. I know I’m not receiving professional advice on here but I am interested in your opinion. + +Help a brother out! +Specifically it’s a model 3 performance. I currently have a fully paid off 2015 VW GTI which I’ll be using as my down payment. + + +I guess I am trying to find reasons not to get this Tesla as it is a dream for me to have that car but I also want to be as pragmatic as possible to avoid having lifestyle inflation happen to me. + +I already have been investing in my 401k I contribute 15% and my employer matches at a 50% rate. I also have a Roth IRA that I contribute $500 to a month so I can max out easily at the end of the year. I am also 24 with no children. + + + +PROS: + +First brand new car ever + +Chance to build credit with on-time payments + +Saving a ton on gas per month + +I would finance to own it not lease so it would be mine after a while + +EDIT: My bank offers a 2.50% APR with no payments for up to 90 days auto loan option and more discounts since it is an EV + +CONS: + +I don’t drive that much since I am a “hybrid” worker (stay home to work more than go in) + + +Could be using that money to invest even more in the stock market + + +Would be over most estimations of car-value to income ratio limits (would be about 55% of my gross income [$64k configuration price] + + +Depending on if something happens, could cost a fair amount to repair and would mess up the auto loan. +I posted this over in the ETH sub but I was censored. Hours later it still doesn't show up when I search by "new", and the mods ignored my private message asking why. I think they are absolutely terrified of this possibility and that is the reason. This question has been posted before, but the last discussion about it was over a year ago and I think it needs to be taken more seriously, as no clear answer has ever been given and no conclusions have been reached. + +What would happen if someone uploaded illegal content to the ETH blockchain such as child pornography? Wouldn't every single ETH miner and individual with a copy of the ETH blockchain thus be committing a felony? Would this be an effective way for someone to destroy/criminalize Ethereum? + +I am under the impression that deleting things from the ETH blockchain would undermine its mission, has never been done, and is not currently possible without the majority of the miners agreeing to do so. How would the ETH community handle this, what would happen next? + +The ETH creator's only response to this is that it would be too expensive to upload image files (UNTRUE, see my edit below), but for someone who just wanted to harm the ETH project I'm sure they would be willing to pay any price. This is no excuse for not having a plan. Somebody somewhere is going to do this, it's just a matter of time. + + +The laws about this are extremely clear: "Undeveloped film, undeveloped videotape, and **electronically stored data that can be converted into a visual image of child pornography are also deemed illegal** visual depictions under federal law." + + +EDIT: Just did some quick math and it costs about $250 to store 45 KB on the ETH blockchain. This is way more than enough for a clear image or even several images. What the ETH creator said about doing this being prohibitively expensive is total bullshit. It's not a practical way to save your photos but there are countless black hats who just enjoy ruining things for everybody else, and $250 to throw a wrench in the ETH project would be a very small price for them. + +This image is 11.5 KB and would cost $65 to store on the ETH blockchain: https://i.pinimg.com/originals/0c/56/2b/0c562b3a3cbf007072b45d35532d7250.jpg + +I've built a browser extension called [Property Seeker](https://github.com/cheesestringer/property-seeker) to automate /u/pectusbrah's [post](https://www.reddit.com/r/AusFinance/comments/p28a7u/heres_how_to_find_the_price_range_of_any_house_on/) on finding price ranges for property on RealEstate. I've also taken a look at how Domain does their filtering and use the same technique as [Salary Seeker](https://github.com/cheesestringer/salary-seeker) to find their hidden price range. + +Previews: + +[Domain](https://i.imgur.com/VzCciD5.png) + +[RealEstate](https://i.imgur.com/NgtIQNM.png) + +Viewing prices for Domain will be a bit slower since the extension needs to do extra requests to figure out at what price range the property stops appearing in. Domain seems to only set the upper range for a property so the extension will show an estimate rather than a range like RealEstate. + +As mentioned in comments from the previous thread, these numbers are an advertising range so don't use them as fact. Hopefully it gives you some useful context for those annoying "Contact Agent" and "Enquire within" listings. + +The extension is open source and only communicates with Domain and RealEstate servers to protect your privacy. +Let me know if you have any issues or suggestions for improvements. + +[View source on GitHub](https://github.com/cheesestringer/property-seeker) +**TLDR - BCG were the ones creating the plan to restructure TAP (the Portuguese flagship airline) in which the Portuguese citizens are expected to spend 4.000.000.000EUR (at least...)** + +Some quick background about me, I'm a Portuguese ape 🇵🇹 (PORTUGAL CARALHO!) that loves the stock and has been invested since Jan 2021. You won't gather much from my Reddit history, since I wipe it from time to time. (This post will eventually be deleted as well...) + +So anyway, I'll try to keep this short and as non-political as possible, specially since this refers to Portugal and probably most of you can't even point it on a map, much less care about our internal economics. Feel free to visit after MOASS though. It's a great country! + +So after the recent posts by RC and seeing everyone digging dirt on BGC i thought about googling the obvious *site:.pt "boston consulting group"* and right away I came across this: [https://www.dn.pt/edicao-do-dia/11-dez-2020/-reestruturacao-da-tap-com-receita-conhecida-despedimentos-menos-avioes-e-rotas-13126946.html](https://www.dn.pt/edicao-do-dia/11-dez-2020/-reestruturacao-da-tap-com-receita-conhecida-despedimentos-menos-avioes-e-rotas-13126946.html) + +All alarms started to sound, because this TAP thing has been a very HOT topic in Portugal. The short version of this is: TAP has historically been a struggling company. It was a national company and a few years ago was privatized. I'll jump over how it was managed over the last decades and go straight into Covid. Airline companies were hit bad with the lockdowns, and TAP was no exception. The European governments gave financial help and some were even able to pay it back already; not TAP. The Portuguese government then came up with a plan to keep TAP afloat which required the injection of 4.000.000.000EUR - despite most of the population being against it, people from all over the political quadrats being very vocal against it, books being written about how bad of an idea that plan was - the plan was present to the European Commission and the deal went through. + +Now, who wrote that plan, that by the way IS NOT KNOWN BY THE PUBLIC, for a coapany that has close to zero chance of being kept afloat, but in the meantime costs Portuguese citizens tens of millions? Our very own Boston Consulting Group. + +As I said, I won't make any political readings about this, but fuck BCG. + +I'll leave some more links (all in Portuguese, sorry. Maybe translate can help here): + +* [Boston Consulting Group's Choice Is "Deplorable" Ethically, Says Sitava (Union)](https://www.dinheirovivo.pt/empresas/escolha-da-boston-consulting-group-e-deploravel-em-termos-eticos-diz-sitava-12894170.html) +* [TAP Boston Consulting Group "has not yet presented any strategy" for restructuring](https://rr.sapo.pt/noticia/economia/2020/09/02/tap-boston-consulting-group-ainda-nao-apresentou-qualquer-estrategia-para-reestruturacao/205700/) + +BONUS HOLY FUCKS: + +* If you are Portuguese you are very aware of the BES scandal. Guess who is tied up to it as well? [https://onovo.pt/economia/o-que-diz-o-relatorio-sobre-o-bes-que-carlos-costa-escondeu-IL278082](https://onovo.pt/economia/o-que-diz-o-relatorio-sobre-o-bes-que-carlos-costa-escondeu-IL278082) +* NOS has two execs from BCG [https://www.nos.pt/institucional/PT/assembleia-geral/Documents/RC%20NOS%202020%20PT.pdf](https://www.nos.pt/institucional/PT/assembleia-geral/Documents/RC%20NOS%202020%20PT.pdf) +* REN, EDP and BCG being raided by PJ [https://www.tsf.pt/sociedade/pj-faz-buscas-na-ren-8528842.html](https://www.tsf.pt/sociedade/pj-faz-buscas-na-ren-8528842.html) +* it goes on and on and on... seems like all the major Portuguese companies are involved with BCG at some point, and most have scandals to show for it. +As any Day Trader knows **a lot** goes into being consistently successful. + +For this post I am going to focus on **one** technique - it is not the only thing one should focus on, nor should it replace indicators that are currently working for you. + +As a final caveat (and on Reddit caveats *are* needed) - *this does not apply to momentum-based trades on low-priced gappers that you are trading within the first 30 minutes.* + +It is really quite simple - roughly 70-80% of all stocks follow the market. And when I say "market" here, I am referring primarily to the S&P 500, which is reflected in the **SPY** ETF. However, you'll notice that every day there are some stocks that seems to be relatively strong or weak against SPY. Sometimes this is due to a news event or earnings, but others the stock is just weak/strong on its own. + +There are four types of these stocks: + +**1) SPY is up, but this stock is stronger than SPY proportionally** + +**2) SPY is up, but this stock is down** + +**3) SPY is down, but this stock is weaker than SPY proportionally** + +**4) SPY is down, but this stock is up** + +These are the stocks you want to focus on to day trade. As an example on Friday - SPY was up, but at around 2 hours into trading **DGX** began dropping, even as SPY continued to push upwards. Shorting DGX around 2hrs and 30 mins into trading, right around 137.50 and you would have made a quick $1.50 a share. Seeing the weakness in the stock you could have even done a lotto play and bought the 135 puts which were going for about 20 cents at the time and within an hour were at 60 cents (a 300% return). + +Another example on Friday would have been **UPST** \- it gapped up $4 and then within the first hour is jumped up another $10 before pulling back and consolidating. But then at roughly 1:45pm (est) it started to move up again, even though **SPY** was flat. This answers the age-old question of - "The stock is already way up, isn't it done for the day?" Clearly it wasn't and increasing while **SPY** is flat is a signal of the stock's strength. Going long at 1:45pm (est) and selling at the first pullback would have given you $5 on the trade (as well as an insanely good lotto trade with the 100 calls). + +*Note I am not talking about RSI which is different than Relative Strength or Relative Weakness against SPY*. *Nor is this Beta which measures volatility compared to the market.* + +Trading these stocks also gives you an advantage - if you are shorting a stock that is relatively weak against SPY and the market starts dropping - that stock will drop even harder. If the market goes up, that stock will at worst just stay flat most of the time. + +When you Day Trade stocks that are not Relatively Strong or Weak against SPY than you are at the mercy of the market. + +It is very simple, very basic and very essential to Day Trading, particularly once you are out of that first hour of momentum trading. +As any Day Trader knows **a lot** goes into being consistently successful. + +For this post I am going to focus on **one** technique - it is not the only thing one should focus on, nor should it replace indicators that are currently working for you. + +As a final caveat (and on Reddit caveats *are* needed) - *this does not apply to momentum-based trades on low-priced gappers that you are trading within the first 30 minutes.* + +It is really quite simple - roughly 70-80% of all stocks follow the market. And when I say "market" here, I am referring primarily to the S&P 500, which is reflected in the **SPY** ETF. However, you'll notice that every day there are some stocks that seems to be relatively strong or weak against SPY. Sometimes this is due to a news event or earnings, but others the stock is just weak/strong on its own. + +There are four types of these stocks: + +**1) SPY is up, but this stock is stronger than SPY proportionally** + +**2) SPY is up, but this stock is down** + +**3) SPY is down, but this stock is weaker than SPY proportionally** + +**4) SPY is down, but this stock is up** + +These are the stocks you want to focus on to day trade. As an example on Friday - SPY was up, but at around 2 hours into trading **DGX** began dropping, even as SPY continued to push upwards. Shorting DGX around 2hrs and 30 mins into trading, right around 137.50 and you would have made a quick $1.50 a share. Seeing the weakness in the stock you could have even done a lotto play and bought the 135 puts which were going for about 20 cents at the time and within an hour were at 60 cents (a 300% return). + +Another example on Friday would have been **UPST** \- it gapped up $4 and then within the first hour is jumped up another $10 before pulling back and consolidating. But then at roughly 1:45pm (est) it started to move up again, even though **SPY** was flat. This answers the age-old question of - "The stock is already way up, isn't it done for the day?" Clearly it wasn't and increasing while **SPY** is flat is a signal of the stock's strength. Going long at 1:45pm (est) and selling at the first pullback would have given you $5 on the trade (as well as an insanely good lotto trade with the 100 calls). + +*Note I am not talking about RSI which is different than Relative Strength or Relative Weakness against SPY*. *Nor is this Beta which measures volatility compared to the market.* + +Trading these stocks also gives you an advantage - if you are shorting a stock that is relatively weak against SPY and the market starts dropping - that stock will drop even harder. If the market goes up, that stock will at worst just stay flat most of the time. + +When you Day Trade stocks that are not Relatively Strong or Weak against SPY than you are at the mercy of the market. + +It is very simple, very basic and very essential to Day Trading, particularly once you are out of that first hour of momentum trading. +Just curious what everyone here is doing to protect themselves against the eventual correction in asset prices. + +A bit of context here: I’m a chartered accountant working in senior management at a real estate developer. I have experience in valuations across most asset classes (stocks / real estate / business valuations etc). + +This is the first time I have ever seen every single asset class so substantially inflated: stocks, real estate, crypto currency. Whatever it is, every asset class is at all time highs. We all know the reasons why this is the case: excessive money printing & all time low interest rates have created a yield hungry environment with inflated asset prices. + +I don’t want to waste time talking about why this is the case, but I would like to know, what are you doing to protect yourself against the eventual correction in asset prices? + +Quite honestly, I’m not sure what to do here. You either hold money in cash and risk missing out on further price appreciation, or you are fully invested and exposed to asset price corrections. Thoughts? +This is a big deal for me! I was asked to step in and pick up the slack for someone else who dropped out. I am the only other person with that job in the organization and I said I would be happy to pick up the slack immediately for 2.25X my current rate. That will work for me! + +Weather or not they say yes or no won’t feel so good as having this understanding of my value. So so proud of myself and wanted to share. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot)|[**Education| Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot)| +|:-|:-|:-|:-|:-|:-| +|[**News | Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot)|[**Mega Thread**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot)|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot)| +|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot)|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot)|[**AMA**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot)| +|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot)|[**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot)||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Please help me, this subreddit has always given me hope that it is possible to rebuild but I don't know what to do anymore. I ask that you please provide sound advice to get through this and not scold me for my mistakes; I've had a couple nervous breakdowns this week. + +&#x200B; + +I left a job that offered me a promotion (to avoid burning bridges) because the company I interviewed with extended me an offer. The difference in pay between the two companies was roughly 30K and the role was a step in the right direction for me career-wise. + +&#x200B; + +I never thought my bad credit would get in the way of getting me a job and grossly assumed that because I don't have a criminal record that I would move forward. + +&#x200B; + +Long story short I hit a rough patch early in 2018 and wasnt able to pay my credit cards (they went to collections). I'm 30K in the hole in CC debt and 20K in student loans. Even though I knew this was ruining my credit I figured if I worked hard, pay for the essentials to live (rent,food, car insurance,utilities, medical bills) and land high paying job that I would be able to get back on track. + +&#x200B; + +I finally landed that job, accepted the offer only to be told a few weeks later that because of my credit history they would not move forward with me. This broke me. + +&#x200B; + +Not only did I leave a job that offered me a promotion but now I no longer have an income. I've already asked for my job back but have been told their isnt a spot for me there anymore. + +&#x200B; + +I've been aggressively applying to other jobs in hopes of finding something fast but also terrified that I will run into the same issue again. + +&#x200B; + +I have 4k left for me to survive. I started consulting again with a company I used to work with in the past (25 hourly) to earn some kind of income; the problem is that its only a few hours a week. + +&#x200B; + +I don't know what to do, and I'm getting desperate. +What's up fellas at Theta Gang. Not long ago I made a post about an IV tool I made called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. Right now it's only tracking about 300 "popular" tickers, but soon I will have it be much more inclusive. + +\*Good News: Starting THIS WEEK the tool/IV tracking will be inclusive of many many more tickers. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV or Earnings and filter by ticker. + +Here's some of the top tickers from the list this weekend. Instead of listing just the tickers by IV, I'll share some of the more common tickers mentioned and their IVs. + +Also starting next week I'll make this list with some better formatting with company names, etc. + +&#x200B; + +|Ticker|Average IV (%)| +|:-|:-| +|AMC|150| +|GME|142| +|DGLY|136| +|NKLA|130| +|WKHS|129| +|TLRY|122| +|JMIA|119| +|COTY|112| +|NIO|104| +|OSTK|97| +|SPCE|90| +|HOME|89| +|ZM|82| +|PLUG|79| +|APPS|79| +|CLDR|77| +|CCL|75| +|SFIX|73| +|FSLY|71| +|TSLA|71| +|MRNA|71| +|DKNG|68| +|PENN|68| +|FANG|67| +|PTON|67| +|CHWY|66| +|SNOW|65| +|PRPL|65| +|AAL|63| +|WORK|62| +|GPS|62| +Not sure if it's just me but this subreddit seems to have an underlying war going on between 2 users that are for/against the messaging around a housing crash. + +Except that neither replies to each other (yes, I'm aware it's likely a 1 sided ban) and so it's essentially just 2 people yelling at their "supporters" and creating seperate echo chambers. + +Surely people that want to create their own echo chamber has the ability to create their own Subreddits and stop essentially recruiting/brigading their views here to steer a certain message? + +Keen to hear thoughts, personally I'm feeling like I'm starting to feel a strong polarisation that's splitting the community apart and seeping into other topics too. +I'm in SoCal and woke up to 6 notifications for houses I marked as favorites that had price reductions. $8-$30k in reductions. Also seeing a lot more new listings that are actually coming in priced well. I expect this to continue through the winter as no one is usually moving during that time. + +Where are you and what are you seeing? +I’m not the first person to say this and I won’t be the last, treating bitcoin as an investment and leaving it in a wallet for years at a time does nothing for the coin or the community. As much as it puts a bad taste in congressional mouths and casts a dark shadow on bitcoin, people who use it to buy stuff on the dark net are using bitcoin for its intended purposes + +You know, as a currency? + +Look, I get it, when you buy in at 10 grand you don’t want to buy a hotdog with bitcoin at 4 grand, everybody’s afraid of becoming the next million dollar pizza. But putting the coin in a wallet and doing nothing accomplishes nothing (except for added anxiety) + +*disclamer* I’m not advocating for using bitcoin to buy illegal goods, just stating my thoughts on the matter + +Edit: why did this get flared as misleading? How can an opinion be misleading? +# 0. Preface + +Hello apes. I am not a financial advisor and I do not provide financial advice. + +A few things need to be cleared up, since there's some, uhh, chaos. + +Options **are** extremely risky but **it is not** a demon-spawn that should be avoided like the plague. It is another tool at retail's fingertips just like DRS / direct registration. If you don't understand them, ignore the posts and do not participate in options. + +But, the discussion should not be muted entirely just because a few people YOLO'd into deep OTM CALLs with 0 delta and lost their life savings. That is not the fault of options. That is the fault of their misunderstanding or greed of the play. + +**If anything, this can hopefully at least draw eyes back on the Variance Swaps DD which has oddly disappeared from discussion lately.** + +[By fire be purged](https://i.redd.it/6g30aqd1j2081.gif) + +# 1. Clearing Some Stuff Up + +* No, you should **NOT** sell shares to play with options. I was hoping that was implied. I don't know how that idea spread around, but it is absolutely not something that should be done. It was a lack of foresight on my end to not state that immediately. + +&#x200B; + +* **DRS is the way** and in my opinion should be the #1 priority because it locks the float. Apes should keep on direct registering their shares as this puts pressure on the SHFs and MMs by reducing the amount of shares in their pool to borrow. + +&#x200B; + +* The reason that options are being floated around is because it can be used as additional pressure on the SHFs and MMs - especially for their Variance Swap hedge. I tried to touch on Variance Swaps in the previous post but I think it got overlooked heavily. I'll go into this for the next section. + +&#x200B; + +* I did **not** imply to bet on weeklies or short-term option plays. The strikes that I posted were simply a reference to show how options effect hedging versus buying shares outright. In fact, I personally would **NOT** do short-term plays (expiring within the next few 8 weeks). If you're trying to do short-term option plays, there's a good chance you will get burned. Pickleman ( /u/gherkinit ) and others are thinking that the [best strategy](https://www.reddit.com/r/Superstonk/comments/qra8h0/awesome_stream_with_gherkinit_and_houston_wade/) for the proposed [upcoming futures cycle](https://www.reddit.com/r/Superstonk/comments/quj97o/gme_evidence_of_predictable_cycles_gme_explained/) are ITM / ATM CALLs for February 2022. + * Does that mean to follow suit? No. Does that guarantee that there will be a runup next week? No. Do your own research first. The DD around the quarterly movements is pretty solid but it is not 100% going to happen. They can manipulate the price or avoid hedging completely next week to fuck over retail. But note that it is **well** away from November 23rd, so it's not a YOLO bet that will be destroyed by theta decay unlike weekly options. + +&#x200B; + +* I emphasized it in the original post but I should do so again: OTM options **WILL** feed the MMs your premiums. Buying a November 19th $800 CALL has a delta of 0.0009 so it is literally doing nothing. They do not have to hedge a single share for that contract. It should also be noted that **Wolverine is the Designated Market Maker for GME, so premiums would feed to them rather than Citadel.** While the OTM options are feeding them cash, it isn't exactly to Citadel. It's still bad don't get me wrong but it's a bit misleading. + +&#x200B; + +* You need to have an actual strategy to exit your option. You can't just slap the buy button for CALLs every week thinking "this is the week!" because you probably will lose all of your money. Various DDs have shown that the quarterly spikes are probable. So personally, those are the only times I would even consider betting on a CALL. Will the quarterly spikes continue on? **Especially now that these kinds of DDs are coming out and they know about them?** Not necessarily. We don't know what they are capable of to manipulate the price, if the previous quarterly movements were entirely faked out, or if they'll bite the bullet and simply not hedge that week of expected volatility. + +&#x200B; + +* There was a mistake on my end when describing the leverage of options. If you exercised your options, yes, you would receive 100 shares. However, due to delta, apes would not necessarily cause 100x shares worth of hedging for an ITM or ATM CALL. Using the GME $200 CALL expiring November 19th as an example, the delta is 0.7185 which means the Market Maker will hedge around 72 shares. Not 100. So while it's not as much leverage, it's still substantially more than buying shares outright. + +&#x200B; + +* Do **NOT** suddenly think, "I get it now! I'm going to buy up thousands of dollars worth of options!" after reading some DD. If you have little to no confidence, you need to read more. If you feel like you're confident, you need to read more. You need to continue doing your own research, and never invest more than you're willing to lose. **Because unlike buying and holding, you can lose the entire option premium which could otherwise be used for shares. Poof. Gone.** + +&#x200B; + +* Never ever blindly believe or follow a post just because a username is attached like my own. Read the content and judge it. + +# 2. Variance Swaps + +Note that the rest of this post is not my work. I am talking to /u/zinko83 as I write this so that we can summarize his thoughts on Variance Swaps which has oddly disappeared from discussion. Arguably **the** most accurate DD on the OTM PUTs we have been seeing is posted and vanishes from discussions entirely. + +The DD around Variance Swaps is the reason I even **considered** posting about options. If this is correct and what is happening, then it makes sense that Citadel would push retail to stay out of options since it makes hedging against their Variance Swaps cheaper and more predictable as long as retail fucks off. And therefore it is easier to control volatility in the stock to pin it towards max pain every week. + +I've been talking to /u/zinko83, [/u/MauerAstronaut](https://www.reddit.com/u/MauerAstronaut/), /u/Digitlnoize, and many other apes about Variance Swaps, but notably these three whom have all been digging into Variance Swaps for the longest time. Where /u/zinko83 posted about Variance Swaps not too long ago: + +[Volatility, Variance, Dispersion, Oh my! - /u/zinko83](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/) + +**I highly suggest that apes brush up on the above post.** + +It is solid. It explains the Deep OTM PUTs we saw. It explains the strange option chains we see every week and max pain. It can explain why we see quarterly movements because they lose their hedging ability in certain weeks. It can explain why Citadel would have taken on Melvin's short position, because they got cocky and wanted to profit until retail got bored. + +The following is a diagram of a Variance Swap and what Citadel most likely entered: + +[Variance Swap Purchase by Citadel \(per \/u\/zinko83 DD\)](https://preview.redd.it/nrz4a1o5u2081.png?width=834&format=png&auto=webp&s=e657afbb5f8f3dc5465744c6c69baae9d57ba34f) + +The gist of the Variance Swap DD is that they've opened up Variance Swaps to bet on the volatility in the stock, and to use them as insurance against their short position. They then sell a replicating portfolio (it replicates the swap with options) into the market. Doing this hedges against the swap. + +Per /u/zinko83's findings, they're hedging Variance Swaps **every single week** with the options chain available via option Vega. This is literally [textbook spelled out](https://www.researchgate.net/publication/246869706_More_Than_You_Ever_Wanted_to_Know_About_Volatility_Swaps) that Variance Swaps are hedged via option Vega. In which they need to get **exponentially** more OI for the more OTM strikes due to Vega approaching zero. + +[Variance Vega Replicating Portfolio \(per \/u\/zinko83 DD\)](https://preview.redd.it/sojf4430z2081.png?width=572&format=png&auto=webp&s=a35669d694a062bdb7002d46f05f7778be005601) + +In the above: + +* A) A perfect hedge. Perfect across all strikes. This cannot happen in the real world. +* B) A non-ideal hedge. This occurs in constrained strike week options. Such as the week of November 26th. Notice how the highest PUT strike is $100 for November 26 expiration unlike the $0.5 strike for November 19th. The lower and upper bounds of (B) fall off, and it makes it so that the prices outside of the range is unhedged. +* C) An ideal hedge. A distributed Replicating Portfolio across all strikes. The ramp up you see in the image above is basically the OI required, increasing more as the strikes go more OTM. This is due to the smaller Vega on each contract the further OTM the strikes go. Which leads to an exponential increase in OI required to create the Replicating Portfolio. + +This applies both to CALLs and PUTs. Where as things go more OTM for either option, the amount of Vega drops, so more contracts are required to hedge against that strike. Which then essentially leads to an exponential curve on both sides of the chain as things go further OTM, but distributed out among strikes to achieve the Replicating Portfolio shown as (C) in the above rather than wasting capital on every strike possible. + +That explains the Deep OTM PUTs we were seeing such as the $0.5 strike. If you take a look at January 21, 2022 options, there is an **OI of 136,176 for the $0.5 strike PUT.** The only reasonable explanation for that is that it is a hedge, and the Variance Swaps lines up perfectly with the data we're seeing. In no way shape or form is someone betting that GME will go to $0.5 by January 21, 2022. + +**Variance Swap hedging also explains those smooth exponential curves of options that we see every single week when people post "max pain"**. They're using the options chain to suppress volatility of the stock and they **absolutely** want to avoid volatility since their swaps print when volatility is contained. And the main way they avoid volatility is by pushing retail to avoid options since they'd be forced to delta hedge the CALLs (with delta close to 1) that are purchased. + +They can easily hedge with option Vega with strikes between $0.5 -> $900 around monthly options due to a wider chain, which achieves (C). This allows them to clamp down the stock to avoid it shooting upwards. But the week of November 26th, the option chain will be more constrained and they'll be unable to fully hedge with option Vega for their Variance Swaps, leading to a situation of (B) in the above. Next week's strikes for PUTs start at $100 rather than $0.5, for reference. + +If the variance swap DD is correct, they'll be forced to start buying up CALLs next week to hedge, causing them to trade the underlying and unfortunately for them resulting in an increase the stock price. + +Additional information per /u/zinko83 himself: + +>Next week \[November 26th expiration\], the risk they are hedging with the weeklies is the “tail risk”. The closest expiry weekly chains are the most efficient way to hedge tail risk. +> +>Does that mean they always use the most recent chain? No of course not, as always it’s weighted pros vs cons. +> +>Last week \[November 12th expiration\] was a good example of them not using that chain and skipping ahead to this weeks \[November 19th expiration\] more favorable one to hedge. Probably a bit more expensive due to theta, but the cost of that theta probably was cheaper than letting the price action the previous two weeks go on for another week causing more risk that might have to be internalized which puts a strain on the balance sheet. + +The following post by /u/MauerAstronaut also goes into depth about the explanation behind the option chain "max pain" curves we see each week if you want to read more: + +[How Variance Swaps can explain OI in far OTM Puts and many other of the Weirdnesses that were observable this year. - /u/MauerAstronaut](https://www.reddit.com/r/Superstonk/comments/qoz68k/how_variance_swaps_can_explain_oi_in_far_otm_puts/) + +Speaking of /u/MauerAstronaut, he left a great comment which pretty much sums up the situation if you're looking for more of a TLDR: + +>I have made arguments against options in the past. This was mostly based on the fact that we had no clue what made the stock go up or down. However, researching variance swaps I came to the conclusion that demoting options might not be in the best interest of apes. +> +>This is not about gamma sQuEeZeS that options bulls came up with in the past. **This is about the fact that retail staying out of options makes hedging short variance exposure cheaper, easier to model, the stock becomes easier to control (less actual volatility), and also that SHFs absolutely want MMs to diamond hand the short options (in synthetic forwards), if any, that they sold to them.** Retail, and subsequently whales trading in the shadows, could fuck that up very easily by attacking at the right time. +> +>That said I don't recommend anyone play options unless you have an idea what you are doing. We have an ape specimen on our Discord who shows us everyday what happens when you trade on sentiment instead of data; the Dollar symbols in their eyes turn into GUH real quick. But it is important to learn this shit, and labeling it FUD isn't going to help anyone except the SHFs. (Also, there's absolutely bullish ways of playing options that are very safe, like selling puts into high IV on a dip.) - [Link](https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/hkr6l2g/) + +Hopefully it's a bit more clear on why I felt the need to post about options with the above. These guys are smart - go read their posts. It's pretty much universally agreed with other apes I've talked to that smart options plays can demolish their Variance Swap hedging strategy, and it is why they'd push the anti-options narrative all this time: + +1. The DD around Variance Swaps is pretty solid, and it goes hand-in-hand with the futures cycles that we see every three months. +2. Citadel is able to hedge to pin the stock around max pain and prevent it from exploding while they maintain an ideal hedge of their Variance Swaps. Some weeks, when they have a constrained options chain, they're forced to induce volatility in the stock by trading the underling. This is because they're forced to buy up CALLs themselves just like in January, March, June, August. +3. By introducing **smart** option plays, their Variance Swap hedging can become difficult to fund and model. Not only this, but they also need to hedge delta against the CALLs that retail purchased. Meaning more shares for them to buy. Which then causes them to **re-hedge their Variance Swaps**, and so forth. It can become a snowball effect for them. BUT.... that is **if** the DD is correct. Research it for yourself. Don't trust myself or others because I made some flashy post. + +# 3. Well, They're Just Not Going To Hedge The CALLs + +I've seen this quoted a bit today and I honestly don't see much truth in this. People are referencing the [SEC report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf), so let's dig that up and break it down: + +[SEC Report, Page 29](https://preview.redd.it/5z8eeh6ra3081.png?width=1348&format=png&auto=webp&s=d5c7add24318953c25962518b9e5fc890eccd8e7) + +1. They did not find evidence of a gamma squeeze per hedging against retail CALL option buys. **However, pay attention to the wording**. They are saying that it was **not a gamma squeeze** that caused the price action, but, **it was something else**. This does NOT imply that they weren't hedging. In nowhere of this document does it state that they did not hedge. +2. A minor gamma squeeze occurred due to retail increasing option trading volume substantially, and they hedged against them per "an influx of call option purchases, which causes market makers to hedge their writing of the call options by purchasing the underlying stock". But this was so miniscule in comparison to the other driver of the January sneeze, that it was ruled out as a gamma squeeze being the cause. +3. They state that the main driver was that market makers were buying CALLs rather than writing the CALL options. Hmmm. Suspect, right? What happens with their Variance Swaps that they have to hedge against when rebalancing? They have to buy CALL options! It wasn't a gamma squeeze, but a Vanna/Volga Squeeze since they were hedging the Volatility Swaps and were forced to trade the underlying! + +On top of this, /u/zinko83 pointed out in the following that for the Market Makers who are in Variance Swaps, they **MUST** delta hedge **at the end of every market close** because they are short gamma via their replicating portfolio through options: + +[Effects of Variance Swap Hedging \(per \/u\/zinko83\)](https://preview.redd.it/ujg1q6ou93081.png?width=832&format=png&auto=webp&s=9e7f37df0a7d492c4ba47feab0832059f87006fd) + +Particularly take note of the 2nd page. If they don't delta hedge properly, every day on the close, then the counterparties of the Variance Swaps are going to come knocking. They can't simply "not hedge" otherwise they will make no money on their trade. Delta hedging has to occur. + +# 4. Closing + +Go read section #1 again. Don't mess with options if you don't know what you're doing. + +And if you **think** you know what you're doing, go read all of the DD again. Don't enter this space if you aren't absolutely sure on what you're doing. Your confidence better be through the roof. + +The main reason I posted about options is because of how solid the Variance Swap DD is, and the supporting evidence around it. It's pretty damning because it explains why they'd try to avoid retail catching on to options plays, which can mess with their hedge bets and catch them red handed. + +Don't sell your shares to play options. + +DRS is and always will be the way. Stick to it no matter what. Not financial advice. + +Options are not taboo. Let those who understand them discuss them. If you don't understand them, ignore the posts. + +Hedgies R fuk. +Hello all, + +After my last post about my depression and suicide attempts in the wake of my loss, a few people wanted me to share what exactly happened. + + +First of all, I would like to thank the majority of people. There were some kind comments and very few people took the opportunity to rub salt in the wound and call me stupid (which I expected). + +The short story is I got lucky using 1:500 leverage for the first year, thought I had a system which made me a genius trader, then got unlucky. + + +Turning £50k to £200k seemed relatively easy to me. I was trading before the Brexit deal was confirmed around December time, and was playing the volatility around what ministers were saying. Then the following months, I continued to do well. I had pretty big SLs at around 50 pips, which rarely hit. The ones that did hit, usually bounced because my SL was on the support or resistance. However, being the clever guy I am, I decided I would make more money if I removed those SLs and doubled down on the bounce – it's the gambler's fallacy. + + +I lost £250k trading this way, so then brought in another £250k from my stocks and crypto. This too got eaten up pretty quick. + + +It's basically stupidity, over-leveraging, and not using SLs – the perfect cocktail to fuck up your life. +So my wife was cutting wood on a table saw on Friday morning and the cat brushed up against her. And yes, this is going where you think it's going. She looked at the cat for one split second, but that was all it took. Her hand followed her eye movement and she cut all five digits off. I'll spare you the entire story, but the doctor tried to re-attach as much as possible. He's hopeful the pinky and the index will heal but there are no promises. The rest are nubs if that. Needless to say we are heartbroken. My wife just accepted an early retirement package from teaching at 42 but we don't want to touch her retirement yet as there will be penalties. She was moonlighting at the local hospital as admin but now typing fast will obviously be an issue so who knows if she will even have a job. I am on SSDI as I've had a stroke. Does anyone know of any routes we can take right now? Any help would be greatly appreciated. We have some savings but bills will pile up quick and I don't want to go into this blind. Thank you all. + +&#x200B; + +Edit: We are in PA if that helps + +&#x200B; + +Edit 2: Well, it seems that she is not covered under our homeowner's as she is listed as a primary owner and not a 3rd party. As for the employer's taking out a group disability insurance, they did not and they said she would not be covered anyway because she is part time. Also, I want to note that she retired from teaching at the end of last year, not this year, so she is no longer considered an employee of the school. Unfortunately, we are likely just screwed right now until she can go back to work. We have already requested Dragon voice to text and I've ordered a one handed keyboard for her to start getting used to using. + +I thank all of you for your input and your kind words. I have read everything everyone has taken the time to write and will continue to read the new ones. I appreciate all of you very much. +Hey all. + +Ive been self employed as a sex worker in a legal state (grey area, no brothels allowed but independant work is legal) for the last 5 months. + +So far it is all in cash, I dont want clients knowing my banking details or anything to track me down. + +I keep spreadsheets of all my clients etc. Ive already hit 70k. + +I know im going to have to apply for GST etc, Do i need my own abn? can i do it as a sole trader etc? + +The other question is banking.... + +I WANT to pay all my tax on this money, i want to eventually be able to buy a house outright so need this money in a bank account. Does anyone know any sex-worker friendly banks that will basically note what i do for a living, ill be depositing roughly 3-5k a week in cash into this account and i dont want them to think im doing anything illegal..... Is it as simple as going down, opening an account and just depositing everything i make every week/fortnight etc. + +Sorry if this is long winded or has stupid questions involved.... +It is my belief they are shitting themselves right now. Latest RC tweet. Publishing DRS numbers is a direct shot at the SHF and they know their time is numbered. + +They are now trying to control the narrative...trust us, we told you about the squeeze, trust us, its over, trust us, we fired coke head cramer, trust us, blah, blah, blah. + +Until I hear GME plans from the mind master himself, I plan to keep Buying, Holding, and DRSing...no mater what the price. +I’ve got “friends” who are texting me about the price, sort of expecting me to to “admit they were right all along” saying “wow, look how low it’s dropped” and I’m just like “I’m loving it, I bought more at $107”. Imagine buying the thing you love the most at half the cost. Whether you like golfing or going to concerts or whatever you like to do, our very favorite thing on this earth is less than half the price it was two months ago. Apes know the value is there. Apes know the price is wrong. The lower it goes the more I buy. I loved it at $250, I loved it at $180, and I’m doing cartwheels at $110. +The only noticeable difference I could catch from Google is that Current Account has no limit to the number of transactions whereas Savings Account does. But I was unable to find the maximum number of transactions allowed in Savings Accounts in the Indian context. Nor have I encountered any troubles with my SBI savings account despite doing a good number of transactions via Internet Banking, UPI etc. +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 have two: + +Failing to buy Dominos and Union Pacific about ten years ago. I thought dominos faced too much competition and I thought I had enough "exposure" to railroads by owning berkshire hathaway. Woops. +ℹ️ Early Bird is one of the most AMBITIOUS multi-paying dividend token on the BSC with an incredible road map ahead of it. + +🏆 One Day 2 of launch we have just added STAKING. You heard that right! + +🤫 There is plenty more to come still.... Over delivering on our promises is the way of the Bird. + +💹 Get paid in BNB, BTC, ETH, ADA, DOT, MATIC, LINK, XRP, MOONRISE, SAFEMOON. FEG or even stable coins BUSD, DAI, USDC. + +📲Log into to our dashboard to manage your earnings and investments. + +🚀 That is not all we are the first one to implement tax free reinvestment, do it automatically or manually! + +ℹ️ The team comprises of a wide array of talented individuals from around the world such as: developers from Canada, marketing genius and guru and wide array of moderators. + +💥 No developer or marketing tokens making this token SAFU! + + +💥 Devs buy back tokens to pump the chart and use token for give away prizes + +💥 Incentivizes holder with lower buy taxes and higher sell taxes + +💥 20% rewards are taken from the paper hands and given to the diamond hands + +💥 5% rewards to the diamond hands + +💥 Staking coming .... soon 🤫 + +💥 No minimum amount of token required to receive rewards everyone gets paid regardless of market cap + +💥 Fully functional dashboard + +💥 Fully audited + + +💥 Staking states explained: + +🔒"Staked" : You will not be able to sell in this state until your duration is elapsed. + +♾ "Matured" : After your staked period unlocks, you will grow into a "Matured" state and continue receiving your bonus. +🐣 "Inactive" : If you sell ANY tokens while you are the matured state you will enter the "Inactive" state where you no longer receive the bonus. + +Staking dividend reward breakdown: +3 days = 2️⃣5️⃣% additional rewards +7 days = 5️⃣0️⃣% additional rewards +15 days = 7️⃣5️⃣% additional rewards +30 days = 1️⃣0️⃣0️⃣% additional rewards" + + Come and join the Early Bird community and be part of a great success-story!! + + +🌐 Telegram: https://t.me/EarlyBirdOfficial +🌐 Website: https://ebird.finance/ +🌐 Dashboard: https://ebird.finance/earnings +Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions Segwit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy Segwit for everyone ASAP. Let's make it happen. + + +**Exchanges:** Find out if your exchange has deployed Segwit already. If not, politely request that they do so within 30-days or they will lose your business. Sign-up for an account with a Segwit deployed/ready exchange now + +- Bitfinex +- Bitonic +- Bitstamp (deployed) +- Gemini +- LocalBitcoins +- Shapeshift +- HitBTC + +Full list: https://bitcoincore.org/en/segwit_adoption/ +___________________ + +**Wallets:** Make sure you have a Segwit capable wallet installed and ready to use for your next bitcoin transaction + +**Hardware Wallets:** + +- Ledger Nano S +- TREZOR + +**Desktop Wallets** + +- Electrum +- Armory + +**iOS Wallets:** + +- Edge (AirBitz rebranded) +- GreenAddress +- BitWallet + +**Android Wallets** + +- Samourai Wallet +- GreenBits +- Electrum + +______________________ + +**FAQs** + +If I'm a HODLer, will it help to send my BTC to a Segwit address now? + +- No, just get ready now so that your NEXT transaction will be to a Segwit wallet. + +Can you please tell me how to move my bitcoins to segwit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its Segwit functionality. Download Electrum v3.0.3 to generate a Segwit address. + + via [HowToToken.com](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-segwit-transactions/): + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a Segwit Tx if the sending address is a Segwit address. + +Is there a hardware wallet that does segwit addresses? + +- Yes, Trezor supports Segwit by default. Ledger Nano also has support. + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +____________________ + +**Segwit blog guides** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-segwit-transactions/) + +______________________ + +**Previous Day's Threads** + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SEGWIT TX. DOWNLOAD A SEGWIT COMPATIBLE WALLET AND OPEN A SEGWIT COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_segwit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) + + +Edit: added FAQ's to the list, corrections, BitWallet +[Pic of the GLOWING building](https://i.imgur.com/1QC3wBV.jpg?s=sms) + +He says it is never glowing this late. He thought it was strange even before i called him! + +I found the hotel using Google Maps cuz i went on a hunt for an ape friendly eye-witness confirmation that could confirm whether this is typical. “This is STRANGE!” he said. “The building never glows this late. It is glowing.” He was a foreigner. These were his words. + +Unbelievable! +I haven't reached FATFIRE yet or even close to FIREING, but I'm starting to think that the magical feeling of "making" it never seems to happen. Looking back, I've gotten through some very challenging hurdles (i.e. got into a top school, job at big tech company, earning 6 figs out of undergrad, etc...) all on my own merits (neither of my parents graduated from high school and they make less than 30K per year), but it seems like each time you "level" up, you realize there is a HUGE pool of people who've also made it this far and of course, people that are above you. Before I got into my school or my job, I used to think that once I have move past it, I will be at the top of the universe. The opposite is more true. + +There's the illusion that you haven't accomplished that much, because you're just an ordinary i.e. 1/10000s Amazon engineer. When I reflect back, it's not the job offer that I remember, but the journey and the unique struggle to get to this point that makes me feel fulfilled. + +I feel like most people out there wouldn't be able to relate as to why you would want to push for more when you're already **set.** I'm not sure if this is a personality disorder, but I always want to accomplish what many people can't. Personally, I never cared too much about money or prestige, but it's more about shattering your beliefs of what you're capable of. It's helps that I started off at the bottom, because I have more milestones to crack. + +For those who have FatFire, do you feel like you've made it (w.e. that means)? +There was an update to the Robinhood app today and the banking section which later became the cash management section has completely disappeared without explanation or press release. Looks like they're giving up on it for the time being. +I think many of you would consider Ethereum Classic a terrible investment, considering (1) it was the result of a hack, and (2) the hacker still has their bags of ETC available, which they periodically dump on unsuspecting investors. Bitcoin Cash doesn't have such a problematic origin, but might also be considered an unwise purchase given the lack of usage and development compared to BTC and other good projects. + +So, when I open the charts and see that specifically BCH and ETC have been pumping hard for the last couple of days, my only conclusion is that new retail investment money has arrived and these noobs are dropping cash on 'cheaper' projects with the name Bitcoin and Ethereum in it. I should know, I did this exact thing myself earlier this year! + +Here's hoping this signals the start of a another massive pump too. + +Edit: spelling +A few years ago my wife bought us a scratch off map. That started our hobby of traveling and exploring every country in the world. We are far from complete but had to take a pause. Ever since Covid started we have been staying local to avoid risking spread. In the meanwhile I have been in search of new hobbies but haven't experienced the same spark that I get from going somewhere new and trying a new dish in an unknown land or learning a new language and practicing it with the locals. + + +Was wondering what are your fat hobbies and how you discovered it. +Banks are pulling a fast one on customers. All these people getting 3 to 6 months relief on loans are in for a shock when the forbearance period is over. Had a family member check with 5/3- after six months you make a Balloon payment for past payments or you are forced to refinance. That opens up a massive amount of variables that may be unaffordable to the borrower. + +I predict a very large amount of foreclosures in the next year. +Got my first “big” dividend from my 4 shares of Coke this morning @ $1.28!! Definitely not a lot, but feels great, especially with drip activated! Love this community! +Hello. + +Unfortunately my friends are splitting up after a fairly long time together. Let’s call them M & F, to reflect their gender. + +I’m friends with both but I have known M since childhood and consider him one of my best mates. + +Overview: +M&F own a house together, worth around £160k, based on similar sales in their area. They have around £80k left on the mortgage. + +They are not married and do not have children. + +The split is not friendly and they are not on speaking terms. There is zero chance of reconciliation (confirmed by both parties). + +M has moved out to a friend’s for now, but is still paying his half of the bills. + +F’s parents gifted a large sum (around £20k) as a deposit, but the house is legally 50-50. + +The problem here is that both M&F want to buy the other party out of the house, and neither seem willing to budge. + + +Finances: + +F works and earns around £30k p/a and so would likely be able to take on a mortgage of £135k. I am unsure of any savings F has, but her parents have money and have shown that they are willing to help. + +M is disabled and his income is £20k p/a. He has already inquired and can get a mortgage of £90k. No real savings (less than £2k). + + +Equity: +Given they have around £80k in equity, M&F each have c.£40k as a deposit. + +Options: + +Any party looking to complete a buy-out would need to take on the £80k mortgage and the £40k of equity, so would require a mortgage of £120k. + +Is this correct? + +Option 1 - M buys out F +M would be able to afford a max mortgage of £90k and so cannot afford to buy out F. + + +Option 2 - F buys out M +Ignoring unknown savings, F can afford a max of £135k through a mortgage. F can comfortably afford to buy out M. + + +Option 3 - Sell the house +Sell the house, pay off mortgage, ERC and other fees, and split the remainder. +The house is 3 bedrooms, well maintained, and has a big garden. It should sell easily, especially in this market. + + +The problem: +I have tried to illustrate to M that he cannot afford to buy out F. He is adamant that he can and refuses to consider the option of F buying him out, or them selling the home. + +I recommended he allow F to buy him out, as this would avoid estate agent fees so his cut would be a little larger than if they sold the property. + + +The solution: +Can anybody please provide some insight so that I can help M. I want to help him make the right decision and ideally end this situation ASAP. + + +My knowledge of mortgages is from buying my own home, which I did alone. I am no expert and have not experienced this situation before. + +Thanks. +'Twas the night before MOASS and all through the sub +Not a shill was posting their falsehoods and FUD. + +The stocks were all DRS'd safe with Computer Share, +With hopes that the Wu Tang Clan soon would be theirs. + +The Apes were well nestled, all snug in their beds. +While visions of lambos danced in their heads. + +GME was *WAY* shorted, with it's small market cap. +I smiled as I settled in for a pre-market nap. + +When out on my screen there arose such a candle, +I calmed my tits, but couldn't get a handle. + +Away to the sub I tore like a flash. +The moon hadn't been posted. My keyboard I mashed. + +"The moon, what a sight! It's glorious to behold!" +The hedge funds had placed bets they just couldn't hold. + +When, what to my wondering eyes should appear, +But mine account's current value and eight digits per share. + +I thought "I should sell, and secure my good luck." +Then "nah, what's the hurry? Hedgies R Fuk'd." + +My floor was a market that's free and that's fair. +I hope for an SEC that honestly cares. + +On Cohen, on DFV, Our accounts are quite a sight. +To all a merry MOASS, And to all a good night. + +\-------------------------------------------------------------------------- + +I don't really write poems. But this one was a blast. Enjoy, apes. + +edited formatting to make it easier to read + +&#x200B; +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in May on a seasonally adjusted basis after rising 0.8 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008. +> +> +> +>The index for used cars and trucks continued to rise sharply, increasing 7.3 percent in May. This increase accounted for about one-third of the seasonally adjusted all items increase. The food index increased 0.4 percent in May, the same increase as in April. The energy index was unchanged in May, with a decline in the gasoline index again offsetting increases in the electricity and natural gas indexes. +> +> +> +>The index for all items less food and energy rose 0.7 percent in May after increasing 0.9 percent in April. Many of the same indexes continued to increase, including used cars and trucks, household furnishings and operations, new vehicles, airline fares, and apparel. The index for medical care fell slightly, one of the few major component indexes to decline in May. +> +> +> +>The all items index rose 5.0 percent for the 12 months ending May; it has been trending up every month since January, when the 12-month change was 1.4 percent. The index for all items less food and energy rose 3.8 percent over the last 12-months, the largest 12-month increase since the period ending June 1992. The energy index rose 28.5 percent over the last 12-months, and the food index increased 2.2 percent. + +&#x200B; + +Press release here: [Consumer Price Index Summary (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) +The post is on bets subreddit, can't link to it because of brigadiering... + +If this number is similar for GME individual investors my tits are non existent... I think GME has even more tho. + +quick maffs if 4 million apes hold the ultimate stock, we just need + +62.84m / 4m = 15.7 + +# 15.7 FUCKING SHARES ON AVERAGE TO HODL THE FLOAT + +# WE OWN THE FUCKING COMPANY MANY TIME OVER KENNY YOU DONE GOOFED + +🚀🚀🚀🚀 +> Eastman Kodak soared on Tuesday after President Donald Trump announced a deal to work with the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. + +https://www.cnbc.com/2020/07/28/kodak-soars-another-40percent-after-trump-announces-deal-to-manufacture-generic-drug-ingredients.html +Edit 5: the title is misleading, I should have added one word. "Give Fidelity REPS a break!" + +My brother has worked for Fidelity for many years. He is a licensed broker and works on the individual investing side with high net worth individuals. + +I talked with him on the phone yesterday about this whole situation, and he said that he personally takes about 6 to 10 calls daily from people wanting to DRS shares to Computershare. He also mentioned that they have thousands of customer service reps that are getting even more call volumes. + +He tried to explain to me why transferring to CS was a bad idea, but his entire understanding of the situation is that people don't trust Fidelity. He gave me the same explanations of how Fidelity can do instant sell and buy orders while admitting that he doesn't know for sure how Computershare's system and interface works. + +Once I took the time to explain to him what I am doing, it clicked for him. He had no idea about how direct registering pulls those shares out of the available float. I let him know that I was not pulling every single one of my shares out, and those shares that I have pulled out are ones that I intend to hold long term. + +I also let him know that by and large, we understand that Fidelity is a good, reputable company and that once this is over (however it may play out), they will likely be getting a massive influx of customer orders because by and large, the sentiment is very pro-Fidelity. I also made it a point to tell him I was impressed by the resources they have been able to put towards training their customer service reps on how to handle this unusual situation. + +My main takeaway from this conversation is that even as a licensed broker who sat for incredibly difficult exams, he is lacking some fundamental understanding of how the system even works! Imagine the normal customer service reps who haven't put in the years of study that he has. All they see are customers leaving. + +Edit 4: ignore the following section, this is my opinion only and I appreciate that y'all may not share my feelings. + +So if you are getting push back when you call, reassure them that you appreciate Fidelity and the service they provide to their customers. Let them know you are loyal, but you just want to do your part to ensure a fair and level playing field by not allowing hedge funds to be able to naked short your favorite company. + +Edit: some words for clarity + +Edit 2: this important comment below. Please read, evaluate, and make your own decision https://www.reddit.com/r/Superstonk/comments/ptrrwn/give_fidelity_a_break_they_dont_understand_why_we/hdy4i6l?utm_medium=android_app&utm_source=share&context=3 + +Edit 3: I'm not a financial advisor and I'm not telling anyone to stay with a broker you don't like or trust. Personally, I feel that Fidelity is the least shit company in a shit system and I feel safer with Fidelity than any of the other four brokerages where I hold GME. +I have created a crypto currency monitor for ETH, BTC, USDt and the largest ERC20 tokens and I wanted to share it with the community. The monitor keeps track of all transactions made in real time and gives a warning when unusually large transactions are found. Using the information that is gathered and information from other sources the monitor is able to identify many transaction to exchanges and their deposit wallets. It also gives a warning when USD or EUR tethers are created. + +&#x200B; + +The reason why I have made this into a public Twitter bot is because it is hard to identify every source and destination of a transaction. If enough people contribute, it should be able to find and identify most of the whale transactions and, if they are moving their assets to an exchange, act accordingly. + +&#x200B; + +See it in action here: [https://twitter.com/whale\_alert](https://twitter.com/whale_alert) +Well, here we are again. What a fucking year it has been indeed. + +&#x200B; + +Generally I'm feeling inspired to create a bit of a spectacle for the Christmas post, as [evidenced](https://www.reddit.com/r/ASX_Bets/comments/kiek27/merry_christmas_ya_filthy_animals_presents_from/?utm_source=share&utm_medium=web2x&context=3) by the [last few](https://www.reddit.com/r/ASX_Bets/comments/rnfujn/merry_christmas_ya_filthy_animals/?utm_source=share&utm_medium=web2x&context=3) years I imagine, but this year finds me in a more introspective mood. Granted, that could be due to the relentless thrashing of our beloved stonks this year and whilst that no doubt plays a part I suspect it goes a little further than just financial wreckage. + +Indulge me for a moment and I'll attempt to explain. + +This year, the sub has changed. + +I mean, it changes every year but I guess its fallen into a little sharper focus this time around. + +Every year, I do the '*'history of* r/ASX_Bets *posts*'' which always give me a broad overview of the sub trajectory. Over time, things have changed from the beginning and a few hundred members, to the madness of BRN and countless other memes, the outlandish bets, tattoos, shoeys, shit clapping, hat eating, pube drinking, daddy fucking, sister bangin, cum guzzling and so many others than I've (*semi*) successfully repressed. I mean, some fucker is actually going to remodel a forest into the koala logo, a fucking forest. + + We now have multiple banned subs, where the damned go to lurk before returning to the mother ship, we are perilously close to 100,000 of you retards here, we have a media presence and are quoted, reviewed, interviewed and fuck knows what else, we are banning pumpers and fin-flogs, things have generally gotten big. + +So why then, does this year seem different? + +I'd say that partly, it's the first hard slog of a year on the markets for a-lot of our members. Although we like to fuck around a-lot, the economic uncertainty is our reality and it finds many of us looking for alternative ways to supplement or increase (*or decrease, mostly decrease*) our financial security. As those changes have come to pass, it seems as though the sub has morphed to suit. + +&#x200B; + +We love the lunacy, but the vibe is uniquely ours. It seems like this year, in the face of real uncertainty, you fuckers really embraced that ethic and even though this is a place of dank memes, shit-posts and foolish investment ideas its also a place some of you come to remind yourself that you're not alone out there, ~~dribbling~~ howling at the moon. + +It's become an oddly comforting thing about this sub that whatever time of the day or night, you can always drop in and some tard will be rambling on about something or other. In an ever-changing world, its comforting that some things remain. + +Christmas can be an amazing time for some, it can be rough for others. If its a great time for you, count your blessings. If it's a little harder, then come lurk down the sub and you'll always find another degenerate about to make a bad decision. + +Thats it from me, its Christmas for fucks sake, so raise a glass to your fellow degens and your friendly neighbor-hood Mod team for the the year thats been. + +&#x200B; + +I'm not crying, you're crying. + +&#x200B; + +&#x200B; + +https://preview.redd.it/mlmuqn1z976a1.png?width=819&format=png&auto=webp&s=c03487d8390253abd1d9788d7323478d4ff5007f +For more info, start here: https://www.reddit.com/r/Superstonk/comments/spsa4v/a_warning_about_twitter/?utm_medium=android_app&utm_source=share + +These guys are adding nothing to this community except baseless speculation. They're virtual doomsday-ers pushing a misinformation campaign. One of our greatest failings as a sub has been to let their trash rise to our front page. It's a bad look to be associated with these type of accounts. + +I'd like to see how the community feels about banning all their lazy Twitter screenshot posts. + +Discussing the content of their tweets is fair game, but should be backed up by data. + +No more of this "Trust me bro" bullshit propaganda. +Hello all. + +I am the first in my family to seek financial freedom sadly. By 23 I had achieved $250k in a combination of stocks, 401(k), Roth, and other investment ventures. I also have no debt. + +I am not an only child though it seems I will be responsible for my separated parents when they age. They are amazing people though they have no savings or retirement at all and I have no clue where to start. +They are both in their mid-fifties. + +My partner and I do not have children, we do want to start trying soon and also save for their future. + +What should I do to make sure I am preparing for my mother and father’s future as well? + +Thank you all :) +I work a restaurant job that has been open during the pandemic. I have no car and so I need to take the train and bus. + +On reddit, it seems like if you aren't in 24/7 lockdown mode, then you are part of the problem. + +But how am I supposed to take shelter when I cannot afford to be out of a job? +This forum doesn’t give financial advice. Stop with all your “you convinced me.” Posts. We didn’t convince you to do shit. We are not a “group” or an “organization” and we don’t buy together. There’s people here for entertainment purposes only, and people who enjoy buying, holding and trading certain stocks, but we are NOT an organization of any sort. Any purchases YOU MADE are YOUR decision and YOUR decision alone. Not ours. + +Any post saying “you convinced me” should result in an INSTANT BAN for trying to help hedge funds build a collusion argument. Stop with them. Now. Hedge funds commit Rico. We aren’t organized or a group enough to do so. Stop. +Hey bud. + +Take some deep breaths, nice and slow. Put your hands on something solid... Your desk or table or something like that. + +Be right here for a minute. Just focus on your breathing. + +I know things are a lot right now and this dip is scary, but also right now you're ok. Walk away from the charts for a while, enjoy your friends/family/pets and come back after a while. This shit happens all the time in crypto and we are still solidly in the midst of a bullrun. Give the whales time to shake out weak hands in order to scoop up more on discount. If you can buy the dip, if you can't buy the dip just hold and you'll be ok if you just have patience. + +If you're panicking right now, maybe reconsider how much you have invested or what coins your invested in. This is a volitile space and your mental health is more important than some quick gains. Take care of yourself, stay hydrated, check your posture, and keep a big picture perspective. +I'm about to enter my second year of Economics at Bachelors level and am being told that I will be assessed on my ability to use STATA; I find this rather annoying as I'm already trained in other statistical software like R and Python which are of more use, particularly in the private sector. My tutor has told me that STATA is preferred for econometrics but hasn't given me much of a reason as for why that may be? + +Further, for those who ended up getting jobs in the private sector in data analytics or data science, which proved of more use to you? + +Thanks. +I've been ghost following this subreddit for a while now, and I'm currently enrolled in State Uni for Economics. I've been debating for a long time whether or not I should go the full length and get my Doctorate in the field. If I did, what would be the modern use of the Ph.D. and what career employment could I find? +In my opinion, the current system of student loans don't align the student's interest of getting a high paying job with the school's interest of making money because the school is guaranteed to be paid by the federal government. A college education could be viewed as investing in a startup where most of the value is intangible, so equity financing seems like a good solution. Instead of taking out a loan, the graduate pays X percentage of their gross income to the school for N years. The government wouldn't be involved economically, but it could enforce legal restrictions to close loopholes that hide income. You can even have forced withholding to make sure people don't overspend their budget that they can't make the payments, but the end result is the cost of your degree is solely based on much that degree increased your earnings. There are probably still some loopholes like intentionally taking a minimum wage job to run out the clock, but in general the graduate is incentivized to earn more money as long as marginal utility from working more is positive. + +The equity scheme is also similar to progressive taxation because unlucky graduates who didn't find a high paying job pay less than the lucky ones that did get. Some tech schools like coding bootcamps already have such a payment structure where the cost is based on your salary after graduation rather than a fixed amount of debt. + +Why or why wouldn't this work? +I’m not too well clued you on economics but if there’s one thing I hear a lot about it’s national debt. When does this debt become dangerous? +And what are the solutions to it? +Current job: +85k. WFH fulltime. Easy and low-stress. Management isn’t great but tolerable. Feels like I’m not growing anymore + +Job offer at another company: +115k. Go to Melb CBD office 3 days a week. More challenging role but will learn a lot. Commute would be an hour per way + +The only thing I have an issue with in the new job is the commute. Am I being too unreasonable for getting deterred by it? That’s six hours of my life I’ll never get back every week. + +On the other hand, I’m also worried that I’m too comfortable in my current job and maybe staying here might harm my hiring potential in the future. And the 30k payrise is pretty damn good. + +I don’t really have anyone to talk to about this so I’m hoping to get different points of view here. +I haven't seen a lot of discussion here around the recent I-bond interest rates but [the composite rate is currently at 3.54%](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#compositerate). + +You can buy up to $10k/year/SSN and you're almost guaranteed to beat inflation every year. +If you use your tax refund you can buy up to $15k, I believe, and you can get paper bonds that can be cashed at any bank. + +It's a great place to store your emergency fund if you want to get more than the 0.x% rate in savings accounts. + +The only caveat is you can't sell the bond within the 1st year and you lose 3 months of interest if you sell before 5 years have passed. +Multi-millionaires and even billionaires who are invested with Citadel LLC, I am your god now. Heed what I say. + +Maybe you heard the news from your holographic personal news anchor, or your internal AI sent you a neural audiobook. You heard that Citadel was named in an active DOJ investigation. And just yesterday you heard the word "Racketeering" getting thrown around. + +I'm assuming you're clueless to what any of this about, similar to a retail investor who didn't follow GameStop for the last year. Pull your head out of the popcorn cuz I've got some knowledge for you. The term investigation is new, within the last week. The DOJ claims they've been looking at this since early 2021. + +The regular people here have been on it longer, and we didn't have the Patriot Act to tell us where to look for evidence, we just had publicly available information sources and that was enough to produce multiple great DD series' from multiple motivated authors. + +From publicly available information we've been aware of this entire time, racketeering comes as zero surprise. + +Now I'm assuming you haven't gone and read the DD because to read such rabble is beneath you, and even if you do watch financial news media you are missing a major part of the story there. Let me be the first to assure it is all true. + +These hedge fucks hit a button and make free money for 10-20 years while a company assuredly goes bankrupt, then Citadel's market making arm naked shorts the bankrupted shares at $0.001 for an eternal and riskless grift. If they are being investigated, there is plenty of material there for Kenny and his brothers to be locked up. + +Retail is committed to GameStop stock which has a massive short position built up due to this 10-20 year exercise of naked shorting to force bankruptcy. Retail's commitment means the exposed shorts will have to be covered instead of relying on turnover rate to stem the impact of naked positions. This will happen, it is a certainty. + +When it does, Citadel will be liquidated. You know, the guys who restricted your withdrawals almost certainly after hearing they were under investigation. Yeah, that money they just said you couldn't have, it's all going to be gone. They were hoping it would either be gone or they would win (they can't win) before the investigation goes public. There's zero chance any of you stumbled through this sub or the other subs prior to knowing about an investigation, they were preparing themselves for the day you finally did. + +When they get liquidated by the banks, you lose everything. Citadel's obligation isn't to you anymore, it's to us. And I'm not letting any of you fucksticks jump me in line. + +I don't care if Citadel is the one to pay me, or if it's a bank, or if I have to get JPow himself to come hand draw me dollar bills once his printer busts. But you do care. You only get one shot. You ignored the signs for the past couple years and you built up precisely zero leverage, nice work smart guy. + +So here's what you successful and smart people who got yourselves into this situation and blinded yourselves to any amount of true information should do now. Liquidate Citadel yourselves. Breach that contract. It's racketeering for fucks sake, you think they pursue that when they want to find evidence or when they want to make the damning shit that they have into a permanent example? Pull your money and create some of that leverage you never thought you'd need. + +Liquidate them. You multi-millionaire, you sexy little billionaire you. You big strong American citizen who worked so hard and was so smart to get yourself into this situation... Liquidate them. speed the process up I want to see banks popping, I'm sated on hedge funds going under. + +I really don't feel like putting a not legal or financial advice disclaimer in this because if any billionaire actually decides to act on this then he's way more retarded than me. Alas I was pretty heavy in some places so this isn't legal advice or financial advice. If you want that go ask Ken Griffin and see what those licenses are really worth. + +Do whatever the hell you want, just know that to an extent, we are looking out for you. Ape help Ape, and brother you may not be invested in GameStop but your financial decision making certainly makes you an ape. + +Redeemable ONLY to investors in Citadel who withdraw 100% of their funds: >!Congrats, and Fuck You.!< + +&#x200B; + +edit: Just want to remind the vocal minority that I flaired this under hype/fluff, not DD, because it's supposed to be light. That said, I do believe that if I were an exceedingly wealthy person who had been told by my contact at Citadel for over a year that reddit conspiracies are something I should stay far away from, then I start seeing "Citadel" included in an investigation into "racketeering" I might consider going to see what these conspiracy theorists have been saying. I'd bet my DRSd left nut that at least one Citadel investor has scrolled through here, and I'd bet my ACAT right nut that they won't be the only one when all is said and done. Edit over. + +edit 2: doing my best to catch up with every ape who gave an award. Please take this edit as a blanket "thanks" before I reach out to you :) +As we start seeing Mass Effects (Oops, \*moass\* my bad) from meme stocks and idiosyncratic risks, keep this in mind: + +[Comment in VV S Bee AMA with Mark Cuban \(\\"Hey everyone, Its Mark Cuban. Jumping on to do an AMA.... so Ask Me Anything\\"\)](https://preview.redd.it/13gukq3e04191.png?width=2156&format=png&auto=webp&s=2cd22564bf491f37f42449f17213535e2eba7746) + +# Has anything changed? + +1. Payment For Order Flow (PFOF)? Still here. +2. Synthetic / Counterfeit shares in our market? Still there. +3. Dark pools? Check. +4. Swaps? Still unreported until 2023. +5. Transparent markets? Nope. +6. Legit price discovery in our markets? Nope. + +After the 2008 Financial Crisis \[[Wikipedia](https://en.wikipedia.org/wiki/Financial_crisis_of_2007–2008)\], **one** guy went to jail in the US. Kareem Serageldin \[[Wikipedia](https://en.wikipedia.org/wiki/Kareem_Serageldin), [NYT](https://www.nytimes.com/2014/05/04/magazine/only-one-top-banker-jail-financial-crisis.html)\] for mismarking prices. As a result, the **prices are** ***still*** **fake**. + +With Kevin O'Leary \[[Wikipedia](https://en.wikipedia.org/wiki/Kevin_O%27Leary)\] recently mentioning how a [big institution needs to be sacrificed sometime in the next 10-20 days](https://www.reddit.com/r/Superstonk/comments/uurzhq/well_there_it_is_moass_in_1020_days/), will there be real change? Kareem was sacrificed for the 2008 Financial Crisis, who will be sacrificed this time? [Bill Hwang](https://en.wikipedia.org/wiki/Bill_Hwang)? [Archegos Capital](https://en.wikipedia.org/wiki/Archegos_Capital_Management)? Melvin Capital? Credit Suisse? Citadel? + +This certainly doesn't seem to affect Gabe much. According to Kenneth C. Griffin ("Kenny"), pension plans of teachers are going to take the fall; not Gabe Plotkin. + +>"Great, you basically helped wipe out the **pension plans of teachers**. Do you feel good about that? **It's not Gabe's money** you're taking down, you're taking down the **money from a pension plan from a teacher**." +> +>[Kenny Destroying Teacher Pensions and Blaming Apes](https://www.reddit.com/r/Superstonk/comments/utlh7m/kenny_destroying_teacher_pensions_and_blaming_apes/) \[[Sauce Video](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)\] + +Will just some hedge funds going bankrupt be enough to bring about change? Probably not. Systemic change requires a much bigger upheaval. + +Remember the [SEC GME REPORT: Shorts didn't cover & DTCC/NSCC are responsible](https://www.reddit.com/r/Superstonk/comments/qax0tj/sec_gme_report_shorts_didnt_cover_dtccnscc_are/). + +# What to expect when you're expecting MOASS? + +I (and many others on SuperStonk) have been predicting what would happen with MOASS on the horizon. \[[Things to Watch For During MOASS](https://www.reddit.com/r/Superstonk/comments/p8y046/things_to_watch_for_during_moass/)\] + +**Trading halts:** Retail apes can't sell during a halt, and those naked shorts need to buy shares to close their naked position. + +**Fake squeezes:** Expect a roller coaster ride. + +**Fake prices:** Without any systemic changes, the **prices are** ***still*** **fake!** Until there's change, the LAST price reported on the ticker tape is not a real price! The price is *quite* *literally* whatever the market makers want us to see. + +>"There's an understanding that many dynamics of how humans behave can be, in a sense, taken advantage of by technology. **If we know how humans behave and we can predict that, we can use that to better position our portfolios**. And a number of quantitative strategies rely on upon human biases and behavior to be successful. So as we understand this, look at the recent Nobel Prize in behavioral economics. As we understand this, we will use computers in new and innovative ways to **better drive the pricing of assets in financial markets**." +> +>\-Kenneth C. Griffin \[[Video on SuperStonk post](https://www.reddit.com/r/Superstonk/comments/um4abk/they_are_blaming_retail_because_we_are_not_doing/)\] + +Look carefully at Kenny's words: "we will use computers ... to **better drive the pricing of assets** in financial markets". His literal words are they will use computers to **drive the pricing of assets**. That's not price discovery. Kenny's bragging about how they use algos to **CONTROL PRICES** to better position their portfolios! + +# MOASS isn't real until there is real Price Discovery + +🦧🔥🚀🌝 + +Edit 1: oops, missed the Wikipedia link for Kevin O'Leary. +I ask because the people I ask say they have more than that in savings, and I know I have more than that in savings (much more), So I am wondering if Americans are really as bad at saving as the internet says they are. I live way below my means but still live with my parents, My father is upper class and he has a ton more than $1000 in savings, so I am wondering if it is really true that Americans can't save like the internet says, not to say there is anything wrong with the people who don't have that is savings, just wondering why. +I'm not even sure if inflated is the right term to use here so I'll try to explain. + +1 USD is around 100 Japanese yen or 1000 Korean Won currently, but why is this the case? + +Are the "inflated" numbers of the latter two due to post-war inflation? + +Why haven't the values "equalized" since then, now that they are much stronger economies. +With a whopping 230% national debt, Japan is still doing alright not great but not as terrible as the debt percentage would imply, they don't even recognize it as an immediate threat. +My question is why is that? +Hello + + +The neutral rate of interest consistent with full employment seems to have fallen significantly over time since the 1980's. I was wondering what the main factors for this change were. +I'm considering reading this book but I'm reluctant due to the controversial chapter on climate change, so my questions ostensibly consist of are the practicalities of geoengineering over carbon capping preferable from an empirical standpoint. What are your thoughts on the chapter and a book as a whole? +Right now I make a good salary for my position. I’ve been at my current company for 5.5 years, so although I’m comfortable here and I’m paid well, I wouldn’t mind leaving for an even better offer. + +Is it rude to basically say to these recruiters reaching out, if you can offer me more than X then I’d be interested. Or do we have to keep pretending that money isn’t one of the biggest factors in life these decisions? +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: 262144 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Hello everyone. I am a young man in university pursuing an early and wealthy retirement. I have had a discussion with others around me on the topic of essentially whether marriage/a serious relationship can stunt a person’s growth. + +This may seem odd to ask in this subreddit, and I apologize if it’s the wrong place to ask, but seeing how this sub attracts successful and high-achieving people I figured it would garner very valuable responses. + +My question: At what age did you get into a serious relationship/married, how do you feel it may have disadvantaged you, and how do you feel if helped you grow? + +Thank you for your time, and thanks in advance for your response. + +EDIT: Thank you to everyone for all your insights! I appreciate all your responses and advice. + +I am definitely not one to choose a partner on how rich she will make me, however growing up in a poor to middle class environment has motivated me to do what it takes to be a high earner. + +I have always thought that one would be able to grow with their partner (in more ways than just financially). There are many people that preach that a long term relationship slows/stops person from reaching their full potential. All of your responses have shed light on this discussion and have given me more clarity in my thoughts, so thank you again. +I’m 25 and have just had my mortgage approved! I never thought I’d be able to do it on my own, on minimum wage, but I managed to save a good deposit over the years. My parents have always been terrible with money, and growing up listening to it, with no monetary guidance, I was scared I’d be just like them. But here I am! It’s a small flat but it’s perfect for me and I’m so happy! Now just 16-20 week wait to get in there. I’m sure I will be posting here a lot for advice and tips very soon +CoinMarketCap is seriously underrepresenting Ethereum: + +1) On the first page of CMC, you can not differentiate coins and tokens in any way. And even if you could, there is no indication of what platform they belong to. I think this should be updated. This would be eyeopening for many people. Most don't realize just how many tokens there are in the top 100 and how the majority of these are Ethereum based. Currently 46/100 are tokens and 42 of those are ETH based. ...Yes, that means **43 of top 100** cryptoassets (ETH+tokens) are directly in the Ethereum ecosystem. I bet that a lot don't even realize that EOS, the fabled Ethereum killer, is still yet a token on Ethereum. + +2) If you click on a token, on its page it has an indication that it is a token, but still nothing about the platform it is on. Only if you separately choose to list tokens, it is that you can see which platform the tokens use. + +This should 100% be improved. If you agree, then at the bottom of CMC, there is an option to fill a request form. Alternative would be to contact CMC somehow through reddit, which someone here probably knows how to do. + +If there is a problem with space on the main page, then in my opinion, the circulating supply should be dropped. Otherwise an option is also to not have the platform name fully written out, but a small logo of what platform the token belongs to, listed just next to the coin name would be enough. + +**EDIT :** Don't think the issue will be resolved just by upvoting this post. Asking CMC for a fix is something you personally can do to make new investors understand just how capable cryptoplatforms and especially Ethereum already currently is. Coinmarketcap.com supposedly has [a global website rank of 255](https://www.alexa.com/siteinfo/coinmarketcap.com). A lot of people will be educated. +So it's looking like a lot of us are going to be rich AF! + +CONGRATS to everyone who had the foresight and acumen to see the potential of ethereum and supported the project early on (& it is still very early) - could turn out to be the best financial decision you ever made. bravo! + +That said, can we please all not turn into a bunch of rich, entitled, assholes? Money can make you fucking crazy so take this new wealth seriously. In our capitalist society great wealth means great power, and many of you, very soon, could have the ability to use that new found power for whatever you like. I really hope it's not just to buy the fastest car you can find and to make it rain at the strip clubs (speaking of, the hyper-alpha male machismo bullshit on this sub is off the charts around here lately. I was just painfully reading a post by some douchebag bragging about getting his dick sucked and somehow relating that to ether - tons of upvotes! who the fuck are you people?? When did this turn into middle school? It's so cringey & embarrassing to read that shit - but i digress) + +Anyways my point is you all could have the potential to do some truly great, society transforming things with your new wealth & ethereum is the perfect vehicle for it. So instead of two lambos, maybe just get 1 and then think about something more philanthropic ;) + + +Did you join another one? Work for a big company? How were you able to fatFIRE in spite of the failure? + +EDIT: Thanks for all the great responses everyone, this is definitely valuable to me thinking about the future! +I am still far out (8-12 years) from reaching FIRE, but was wondering how people are doing that took the leap in the past 12 months, seeing that markets have been struggling recently. +The first time Bitcoin and Ethereum reach ATH at the same time in a long time. + +Congratulation to all BTC and ETH holders who have held it through consolidation of long and hurtful month. It sucks when you see other coins pumping and BTC and ETH stays where it is but nothing hurts more than selling the coins you believe in to chase the coins that are pumping just to missed the pump of the coins you believe in. (been there done that) + +Lets celebrate today and hope BTC and ETH can find footing above previous ATH. To infinity and beyond!! +Cars are currently overpriced and seem to be selling way higher at the dealerships than MSRP ever since the chip shortage. I have a 2004 Malibu that is starting to have more issues than it’s worth in cost of repairs but I’m trying to hold out and make it last because the current state of car lots. I haven’t decided if I want to try to go with something new or close to new (I know Gordon Ramsey wouldn’t want me getting new) but I’m wondering if you guys think the vehicle market will go back to normal any time soon? How long will shortages and higher car price tags last? Is anyone else holding out on getting a vehicle right now? + +Edit: Dave Ramsey +Hi all, + +I recently sold a part of my company that I’ve been running for many years and got a large sum of money (around 4 M USD). After a few months of research, I am starting to get an overview of an investment portfolio. It’s been quite difficult, as I’ve had no previous experience with investing, and everyone seems to only promote what they think is the way to go (banker wants me to invest in their funds, crypto friends say 100 % crypto, fire people say “index ETFs and chill” etc.). + +As I will keep working on my business, which is not at all related to investing, I want my investments to be fairly hands off. Additionally, I am a quite conservative investor. I do not want to risk losing my capital over long term. I have calculated that withdrawing 1.5 - 2 % per year from the portfolio would be enough to cover my living expenses. + +Would love to hear your thoughts on my portfolio, as this is the best sub I’ve found so far. I am planning to DCA over next 3 years or so. + +Cash: 7.5 % (5 years expenses on HY savings account) + +Equities: 40-50 % (All world ETF iShares/Vanguard) + +Bonds: 15-20 % (Haven’t decided exactly which ones yet, probably a split between Inflation Linked bonds and Long term Bonds) + +Gold: 5 % (Physical and via ETF) + +Crypto: 2 % (BTC and ETH) + +Own new projects: 3 % + +The last 20-30 % of the portfolio I am not sure about yet. I am leaning towards Real Estate as I want more diversification in the portfolio, but on the other hand I’m a bit resistant as I’m not looking forward to be a landlord, yields are super low in my city (like 3-4 % gross), and RE prices have increased with 50 % in past years. + +Thanks in advance! +So, you might remember earlier this bull run we dealt with a bit of FUD. Biden had announced capital gains doom upon us all and there was a wee pullback as people began to panic amongst the crashing market. + +While things seemed grim, the following weeks featured a plethora of new meme coins exploding out the gate and old dogs reaching new heights in what was an unbelievable run. + +It may seem grim, but the market is elastic. It will bounce back, and bounce back hard. In the meantime, meet your escape from the sea of red, Pornstar Finance (PornRocket Killer) 600BNB Presale Filled in 2 Seconds. + +With a roster of Brand Ambassadors like Sophie Dee, Reena Sky, Kylie Kingston, Richelle Ryan, and so many more with a network of more adult influencers, Keep in mind the guys behind this project have been in the porn industry and they know these pornstars personally, Ive never seen anything like it before: Sophie and the rest of lineup was on the AMA last night just talking + +In other words, there’s a lot of big money interested to see this project succeed, so expect those dips to be eaten right up, and know that as opening day continues, there’s still time to get in for the inevitable 10x, 100x gains from here, although the window is closing quick. + +So don’t be surprised if this absolutely moons out of control today, and be glad you got in when you could, where you’re safer from the carnage of this market. But when the bulls do come back out to play, watch out. + +You might end up looking back here where you found Pornstar Finance and think fondly of how you first built your fortune. Or you might think about how you missed out on the opportunity of a lifetime. Your call. + +Website: [https://pornstar.finance/](https://pornstars.finance/) + +Chart: [https://charts.bogged.finance/?token=0x248C1e2b50C72F04704c71BcC953799351aB30a8](https://charts.bogged.finance/?token=0x248C1e2b50C72F04704c71BcC953799351aB30a8) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x248C1e2b50C72F04704c71BcC953799351aB30a8](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xD91Ec3f540d8aB6d488cCD4e155200fF1D45bD25) + +Telegram: [https://t.me/Pornstar\_Finance](https://t.me/Pornstar_Finance) + +Instagram: [www.instagram.com/pstarfinance/](http://www.instagram.com/pstarfinance/) +I have an internet business that’s always been doing quite well, but has now entered a period of hyper-growth. My team and I are handling day to day operations fine; the business itself is quite resilient. However, I’m now dealing with stuff that’s an absolute drag on my mental state: I’m suing a former high-ranking (C level) employee, I’m engaged in disputes with competitors, etc. Part of my business is in a highly-regulated space, so I’ve had to constantly engage in discussions with my lawyers and obtain their sign-off on pretty much anything I do, keep up to date with the latest regulations and case law, etc. I feel overwhelmed by everything that’s going on. How do those of you who are business owners, especially in regulated spaces, deal with it all? +CRM flipped a bunch of household names ([source](https://assetdash.com)) with one of the biggest surprises of earning season. A software, that you would think would be prone to cuts due to the global economic condition, saw increased usage, sign ups, and contract extensions. + +Salesforce reported its first $5B quarter in company history and added another cool **$46B** to its market cap today. + +https://preview.redd.it/bqby8u53ldj51.png?width=1175&format=png&auto=webp&s=ad2f07adc50d7db4ce754932830b4bdf956a5970 +# 0. Preface + +I'm not a financial advisor. <Insert witty comment here before posting>. + +Speculative post? **OR REAL SHIT**? I'm pretty hyped about April 16th being a doomsday clock for the hedgies, since that's the time they started working the night shift. "Give it up for day 15!" as Mr. Krabs would say. + +Do you like dates? **I like dates.** I'd be happy to take you on one. Just ask. 😉 + +I would like apes to pick at this, because I feel like we're **really close** to finding the secret sauce to the price movements and predicting the next surge (maybe even MOASS ignition). Is it T+21? Is it T+35? Both? I've got some charts for you to take a peek at and help discuss! + +Shoutout to the big brain apes lately who started to bring traction to the FTDs again. I'd love to get all of your guys input and any other apes I've missed or who want to join in: + +/u/juventinn1897 + +/u/Suspicious-Singer243 + +/u/Horror_Fishing_2523 + +[/u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) + +Let's DRAGON BALL FUSION this! + +[Idea courtesy of \/u\/435f43f534](https://preview.redd.it/ch9tiqqwwsz61.png?width=1442&format=png&auto=webp&s=51e2817ea22f633f88092b6a5d2d04653c3712e0) + +# 1. How to Determine T+35 and T+21 + +Before we move forward, I think it's important to talk about T+35 and T+21. I've made the mistake of counting T+0 from option expiration, which I don't believe is right. The clock actually starts ticking on the Monday following options expiration. So, big whoops on my behalf. + +Quoting from [this post](https://www.reddit.com/r/Superstonk/comments/ml3exp/the_foass_speculation_yeah_foass/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) describing different T+N settlements: + +>**It is not until T+35 (calendar days) when a clearing agency enters into a forced covering position.** + +Ah, interesting. So after T+35 calendar days, the clearing agency is forced to start delivering. + +And if I recall correctly, T+21 derives from brokers having a limit of T+16, but a Market Maker gets an additional +5 days, which results in T+16+5 = T+21. So, Market Makers will be forced to deliver after T+21. + +Let's walk through an example of T+35: + +1. April 16 Options Expiration. T+35 clock starts the following Monday, April 19th, as T+0. +2. Each **calendar day** following is +1, not including Holidays. This gives us: + +|April 16th Options Expiration|| +|:-|:-| +|Date|T+N| +|April 19th|T+0| +|April 20th|T+1| +|April 21st|T+2| +|...|| +|April 26th|T+7| +|...|| +|May 21st|T+32| +|**May 24th**|**T+35**| + +&#x200B; + +Cool beans. Let's walk through an example of T+21: + +1. April 16 Options Expiration. T+21 clock starts the following Monday, April 19th, as T+0. +2. Each **business day** following is +1, not including Holidays. This gives us: + +|April 16th Options Expiration|| +|:-|:-| +|Date|T+N| +|April 19th|T+0| +|April 20th|T+1| +|April 21st|T+2| +|...|| +|April 26th|T+5| +|...|| +|May 17th|T+20| +|**May 18th**|**T+21**| + +So depending on if the Market Maker or the Clearing House is forced to deliver for April 16th options, if they are significant, then we're looking at one of two possibilities here: + +1. Market Maker delivers on T+21, May 18th +2. Clearing House delivers on T+35, May 24th + +# 2. Support for April 16 T+21 Theory + +/u/juventinn1897's post is awesome. Take a look. It got my Pomeranian senses tingling again, so I took a look at the charts again once I looked at their findings a bit more: + +[https://www.reddit.com/r/Superstonk/comments/ne3ra6/t21\_from\_put\_expiry\_dates\_could\_be\_key\_to\_the\_ftd/](https://www.reddit.com/r/Superstonk/comments/ne3ra6/t21_from_put_expiry_dates_could_be_key_to_the_ftd/) + +/u/juventinn1897's theory is that we have had T+21 links to January 22 and February 5th, resulting in the February 24th and March 10th bursts due to large amounts of PUT OI increasing since the middle of January. Remember, we don't count holidays. So it all lines up perfectly when you ignore February 15th (Washington's Birthday): + +|January 22nd Options Expiration|| +|:-|:-| +|Date|T+N| +|January 25th|T+0| +|January 26th|T+1| +|January 27th|T+2| +|<Ignore Feb 15>|| +|February 16th|T+15| +|...|| +|February 22nd|T+19| +|**February 24th**|**T+21**| + +&#x200B; + +|February 5th Options Expiration|| +|:-|:-| +|Date|T+N| +|February 8th|T+0| +|February 9th|T+1| +|February 10th|T+2| +|<Ignore Feb 15>|| +|February 16th|T+5| +|...|| +|March 8th|T+19| +|**March 10th**|**T+21**| + +With that relationship established, T+21 from April 16th truly points to tomorrow, May 18th, because we need to start T+0 from the Monday following the option expiration. May the force be with you, prophet /u/juventinn1897! I sure as hell would like tendies tomorrow! + +# 3. What if it's Actually a Combination of T+35 and T+21? The Missing Link? + +**Now... with that being said, I'd like to throw a curve ball at you. Instead of T+21, perhaps it starts with T+35 from major options dates and then it triggers an ever-looping T+21 cycle from those initial options dates:** + +1. The option expires and then T+35 calendar days later the Clearing House starts to deliver. + 1. Clearing House -> Market Maker delivery complete +2. Once the Clearing House delivers on T+35, the Market Maker gets the delivery and enters a T+21 cycle of kicking the can down the road because they don't want to deliver to retail. Price suppression baby! + 1. Market Maker -> Retail/Institution delivery cancelled! + +**Theory? The Clearing House delivers to the MMs. The Clearing House is out of the picture now. No more T+35. It's all on the MMs to complete the delivery to retail (or institutions). The MM (Citadel) does not want to deliver, because fuck that! The price will skyrocket! So, they suppress the delivery and continuously can-kick in an infinite T+21. This is an infinite T+21 loop because the MMs are obligated by T+21. Hey! It's FTD squeeze theory! I've come full circle!** + +In an actual example, let's look at January 15: + +1. January 15 options expire. T+35, February 24th, Clearing House delivers to Citadel. +2. Citadel caps the delivery to not let the price run wild. Nuh-uh retail! You're not getting deliveries! +3. Citadel kicks January 15th deliveries further down the road T+21 more days. +4. T+21 March 25th arrives and Citadel has to act quick to kick the can T+21 once more because they are obligated on T+21 as a Market Maker. +5. T+21 April 26th arrives and Citadel has to act quick to kick the can T+21 once more. +6. Repeats indefinitely until all of January 15th options deliveries are satisfied, or DTC-005 pulls the plug. + +Or take a look at February 5th: + +1. February 5th options expire. T+35, March 15th, Clearing House delivers to Citadel. +2. Citadel caps the delivery to not let the price run wild. +3. Citadel kicks February 5th deliveries further down the road T+21 more days. +4. T+21 April 14th arrives and Citadel has to act quick to kick the can T+21 once more because they are obligated on T+21 as a Market Maker. +5. T+21 May 13th arrives and Citadel has to act quick to kick the can T+21 once more. +6. Repeats indefinitely until all of February 5th options deliveries are satisfied, or DTC-005 pulls the plug. + +Ew. I don't like text. I like visuals. And I'm sure you guys do, too. It just helps so much more. Don't worry - I got you! We'll plot the January 15th and February 5th examples on a chart! + +Take a look at this chart of GME. Purple boxes are indicating T+35. Green boxes are indicating T+21. I'd love if someone had data to back up February 5th, or if that's just a red herring. Still, T+35 and then T+21 loop lines up perfectly with February 5th options date when you take into account holidays. + +[Figure 1: GME T+21 and T+35 Cycles](https://preview.redd.it/fnj6sd2srsz61.png?width=1427&format=png&auto=webp&s=a7731b7e3aaacee2dcdaff9e46bdc767c0a90f9f) + +Huh? March 15th didn't have a surge! Yes, you are correct. It had a biiiig surge down though. Now take a look at our friend AMC. I've plotted **THE SAME EXACT T+35 AND T+21 CYCLES**. Notice how similar AMC is? How its following the same spikes? Notice anything different about March 15 for AMC? AMC went up! I bet you they wasted a lot of ammo on March 15th to avoid GME surging up because it was in the $280s at the time. Danger Zone!! + +[Figure 2: AMC T+21 and T+35 Cycles](https://preview.redd.it/1vzoarafqsz61.png?width=1423&format=png&auto=webp&s=6df4b3db90f5ab0a635444fa6116bdd23ae73142) + +The similarities in these charts is **too much to pass up**. Both AMC and GME are heavily shorted stocks and we need to apply the same analysis to both. AMC seems less suppressed compared to GME - fewer attacks - because it's not as big of a problem as GME. + +Once I saw the surge on March 15 for AMC it started to click that the T+35 initiation followed by T+21 loop is probably happening. + +Again though, February 5th is strange. It's not one of the major option dates that were provided last year. The only major option dates provided in early 2020 were: + +* **Janaury 15, 2021 (Possibly started T+35 and then subsequent T+21 cycle)** +* **April 16, 2021 (Possibly starting another T+35 cycle and subsequent T+21 cycle)** +* **July 16, 2021** +* **January 21, 2022** + +Could be a red herring. Could be that they fucked up thinking GME would have been dead by February 5th T+35 = March 15th. PUT OI and PUT volume skyrocketed during the January runup to absurd amounts (we peaked at 2 million PUT OI = 200 million shares worth). They very well could have chosen February 5th as a date to hide deliveries. This is where I'm hoping I get some help from fellow apes. + +Now once more - this isn't throwing T+21 April 16th theory out just yet! I've plotted it on the charts which signals May 18th as T+21 from April 16th expiration. I just believe that we're probably looking at this T+35 and T+21 relationship instead. Regardless, I'm excited to see what happens tomorrow. + +# 4. TL;DR: + +The FTD loop is most likely based around an initial T+35 from the Clearing House, and then an infinite loop of T+21 by Citadel (Market Maker): + +1. Major option date expires. The Clearing House will deliver to Market Makers after T+35 **calendar days** because the Clearing House is obligated to deliver after T+35. +2. The Clearing House is now out of the picture after T+35 and the Market Maker has the delivery. The Market Maker then has to deliver to retail/institutions. +3. The Market Maker (Citadel) doesn't want to deliver, so they cap the deliveries and kick it down the road. The maximum time Citadel can kick the can down the road before it comes back is T+21 **business days** because Market Makers are obligated to deliver by T+21. +4. Once T+21 arrives, they kick the can some more, and maybe a few deliveries spill out, resulting in the price surges we see every T+21 days. +5. The resulting relationship from major option expirations is T+35 -> T+21 infinite loop +6. You can follow this example with January 15th options expiration. + 1. January 15 T+35 -> February 24th + 2. February 24th T+21 -> March 25th + 3. March 25th T+21 -> April 26th + 4. April 26th T+21 -> May 25th + +&#x200B; + +* April 16th's T+35 delivery from the Clearing House arrives on May 24th and should initiate another T+21 loop if the theory holds. +* January 15th's T+21 loop will hit again on May 25th. +* Combination of #6 and #7 could be a Wombo Combo. + +Cheers! :) +🌐 Website: https://www.everrisecoin.com + +✍️ Bsc Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +📢 Telegram: https://t.me/everriseofficial + + +EverRise is establishing the new standard of DeFi tokenomics with its innovative Buyback system and game changing use-cases. + +On the EverRise protocol, $RISE tokens are bought back from the market, resulting in an immediate effect on the price. These repurchased tokens are then instantly burned, permanently removing them from the circulating supply. + +The EverRise buyback function, also known as The Kraken, is funded by the strategic buyback fee. The tokens are converted into BNB and securely stored in the EverRise contract (while also sending the project sustainability percentage to the marketing wallet). + +The BNB locked and stored in the EverRise contract is known as the Kraken’s Strategic Reserves. + +The EverRise contract is coded so that the Kraken’s Strategic Reserves can only be utilized to buyback $RISE from the open market via the liquidity pool. These funds cannot be sent to any external wallet. + +Once the $RISE tokens are bought back, the new BNB amount is added to the liquidity pool and the $RISE tokens bought are immediately burned. This creates a true burn and guarantees the price per token will increase every time a buyback is activated. + +🔥35K BNB used so far in strategic buy-back burns (22.16% of circulating supply)🔥 + +The Kraken Strategic Reserves are deployed at specific moments to create stable floor prices during downward market trends, chart manipulation, or whale dumps. + +Holders are additionally "auto-staked" instantly receiving 2% of the transaction volume and you can watch your wallet grow in real-time. + +💎 THE EVERRISE ECOSYSTEM 💎 + +EverRise’s game-changing ecosystem and EverRise dApps will bring a true revolution to the cryptocurrency space. + +Our dApps: EverOwn, EverWallet, EverSwap, EverLock and EverSale will solve key problems on the crypto industry and will bring a new dimension in personal and project security for crypto. + +All dApps are coming to both the Binance Smart Chain (BEP-20) and the Ethereum blockchain (ERC-20). + +The EverRise Kraken Strategic Reserves will be fed both by the volume of transactions on RISE/BNB and the external ETH and BNB revenue from the dApps. This provides stability not only for the EverRise native token, but all projects within the EverRise ecosystem through their required reserve holdings of EverRise. + +This further protects EverRise ($RISE) investors and allows more power for the true price increasing buyback burns that the Kraken performs. + +📄 TOKENOMICS AND PROJECT SUSTAINABILITY 📄 + +The EverRise contract is coded to collect 11% in fees from all transactions (buys, sells and transfers), to be dedicated into the following: + +* 6% for strategic buyback funds + +* 2% as commission to holders (rewards through reflection) + +* 3% contribution to project sustainability: enhancements, operations and marketing + +✅ ACHIEVEMENTS ✅ + +* CoinPayments integration for payments on Shopify, Magento and WooCommerce +* MyCryptoCheckout integration for payments on Wordpress Sites +* Listed on CMC, CoinGecko & Blockfolio +* 4K BNB Presale sold out in 10 seconds +* 71K+ Holders +* 34K+ Members on Telegram +* $23m+ Market Cap +* 6K BNB ($1.9M USD) "Kraken" Strategic Reserves +* 35K+ BNB used in Strategic buy-back burns (22.16%) +* Code audited by Certik and Techrate +* Included on PancakeSwap Top 100 List +* Most searched token on CoinMarketCap https://twitter.com/CoinMarketCap/status/1411859090964467714 +* The most engaged community in the crypto world and the most trusted Dev & Team +* Just hired experienced Legal and Business Director + +💰 MARKETING 💰 + +* Big marketing wallet for non-stop promotion +* DAVID GOKHSHTEIN joined the Core Team as Branding Consultant +* Wasso from Hodge finance (Marketing) has joined the Core Team +* Marco Calicchia from CertiK (Business Development) has joined the Core Team +* 2nd July NY Times Square Billboard +* Luna PR as agency of record +* Donated $100,000 to Binance Charity Fund +* 11th July Btok ads in China started for 5 weeks +* Certik AMA with Doxxing on July 15th +* 21st July London Billboard on the dominating Europe’s largest financial district, The Screen @ Canary Wharf +* Poo Coin and BTOK Ads running 24/7 + +🔼 NEXT STEPS 🔼 + +* EverRise to become a registered company +* Ads campaign on more platforms +* dApp EverOwn (Contract locking; allowing community vote to unlock if fixes need to be made) +* dApp EverLock (Liquidly locking) +* dApp EverSale (Pre-sales) +* dApp EverWallet (Wallet) +* dApp EverSwap (Swap) +* More big announcements coming soon + +🌐 Website: https://www.everrisecoin.com + +📢 Telegram: https://t.me/everriseofficial + +🐦 Twitter: https://www.twitter.com/EverRiseToken + +✍️ Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +🔝 Or type EverRise into PancakeSwap and select RISE from "Top 100 List" + +📋 Certik Audit: https://www.certik.org/projects/everrise + +🔒 Liquidly locked for 1 year (Connect wallet to see it correctly): https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC + +🔐 Dev wallets locked until January 2022 + + +☀️ With #EverRise, we all $RISE together ☀️ +I recently wrote that too many on this site have never experienced a market crash. The link is here: [https://www.reddit.com/r/stocks/comments/ru0ic7/too\_many\_of\_you\_have\_never\_experienced\_a\_stock/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/stocks/comments/ru0ic7/too_many_of_you_have_never_experienced_a_stock/?utm_source=share&utm_medium=web2x&context=3) + +Now, I am beginning to believe that too many don't know what a bear market is. Bear markets occur when prices in a market decline by more than 20%, often accompanied by negative investor sentiment and declining economic prospects. + +The S&P 500 closed at an all-time high on January 3, 2022, at 4,796.56. We are now at 4615.50 midday on January 10, 2022. We are only down 3.8%. That is nowhere near the 20% to qualify, and it doesn't even qualify as a correction (-10%). + +In the meantime, people need to chill, stick with fundamentals, and focus on quality. +This is an article that was shared with me. I don't know enough to know how good or accurate it is. I don't know of the author's credentials either. But I thought it might be of interest to others here, that's why I'm sharing. There are some references to comments made on this sub as well. + +[https://nakedbeta.com/mutual-funds/the-fundsindia-saga-is-just-a-sign-of-things-to-come-indian-mutual-fund-platforms-are-in-trouble/](https://nakedbeta.com/mutual-funds/the-fundsindia-saga-is-just-a-sign-of-things-to-come-indian-mutual-fund-platforms-are-in-trouble/) +#TLDR: JP Morgan statement seems sus, strong possibility of a fake squeeze over the Christmas period. + +So I’m guessing the majority of you have seen the CNBC statement from JP Morgan regarding a short squeeze towards year end into January. + +Here it is: https://www.reddit.com/r/Superstonk/comments/rim08q/just_on_cnbc_by_jpmorgan/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + + +Seems bullish right? Well, how about we just remember who’s mouth this has come out of. + +Do you really think they’d just announce that after the whole shit storm that we’ve seen for the past 11 months? All the money spent on propaganda, for them to just throw it all away like that? + +I speculate that this is all part of the master plan. The plan that they think is foolproof, the plan that would work on anyone. + +#EXCEPT US + +Christmas is the most expensive time of the year. Everyone needs money and they know a lot of us (individuals who like the stock) have the majority, if not all of our money invested. What better time to fake a squeeze right? Try to shake the desperate ones off at levels around 1k for example. + +The fake squeeze has been predicted by alot of people for a while now as it doesn’t seem logical not to do it. Why just let it squeeze without trying a fake one? + +While everyone is with their families over the Christmas period, why not let GameStop run a little to get you excited? You’re on the edge of being rich and your family are there begging you to sell. Some people would cave. BUT NOT US. + +#They will try everything. Stay zen. HODL TILL PHONE NUMBERS. HEDGIES R FUK. + +Not financial advice. + +Update: Since this post has gained traction, I’d like to emphasise that 1k is a random guess, could be 400 could be 500, I don’t know. Just stating this as there’s lots of posts about it hitting 1k and coming back down. I am not a time traveller lol. Also there could be no fake squeeze. This post is pure speculation (see flair) +I’m 26, and I’ve been able to nearly double my income over the last few months. I’ve set up automatic payments into my Roth. My goal was to be able to max it out. + +I can now comfortably do so. I’m on track to do so. But I’ve just been putting the additional money in savings or blowing it. Usually on food or little getaways. I love to travel. Im stuck between enjoying the extra income and being responsible for later. + +I wanna make sure I’m not shooting myself in the foot here by doing too much. + +My job has a 401k but no match. + +Any thoughts or ideas of where best to put my money now that my Roth is maxed? + +Appreciate the help and insight in advance. :) +I (28m) and my fiancé (27f) are struggling worse than we ever have and we don’t know how to get back on our feet. I work full time as a diesel tech making $22/hr and put in about 100 hrs a pay period. She recently lost her job and is doing door dash to try and make ends meet but it’s not enough and we’re falling behind. We have 3 kids and between bills, food, rent, and other living expenses we’ve fallen short more than a couple times and put ourselves in a horrible cycle of overdrafts and payday loans just to stay afloat. Of course, when the next pay period comes and the loans are due, it doesn’t leave much left to get ahead again and we end up overdrafting our account to cover whatever remains. And this cycle keeps repeating and we don’t know how to get out of it. Rent is due in a couple days and after I got paid for a 100 hour period today I’m still $600 short. And that’s not including the late electricity bill or our dwindling food supplies or the payday loan that’s due today that I can’t pay. I just don’t know what to do anymore. + +Edit: I wanted to edit my post to answer some questions I’ve received in the comments, as this got a lot more of a response than I was expecting. First of all, thank you to everyone for the advice and suggestions, I’ll be spending my Saturday researching all of the options you have provided. + +As for the questions about my specific situation; my fiancé was not exactly fired but also didn’t exactly quit and we weren’t sure where that left her for unemployment. She was hired as a shuttle driver for a large Midwest car dealership, but after a few months didn’t like what she was doing and asked for a different position. They created a new position for her directly under the service advisors so she could learn to do their job and eventually become an advisor herself. After a few months of training (standing behind them and watching) her boss told her she wasn’t where they wanted her to be even though she’d been asking for proper training the whole time. They told her they were eliminating her position and she should call around the other locations in the dealership family and find herself another position. She told them she didn’t want another position and wanted to stay there and get the training they were supposed to provide. They told her if she wasn’t going to call around and find something, they’ve accepted her resignation as of the day before this meeting and told her to go home. So we weren’t sure if unemployment was an option but we will be applying regardless now. + +As for my job, I got into a position as an automotive tech about 1.5 years ago, and when my boss overextended himself and couldn’t afford myself and my best friend working for him anymore, he found us openings at a semi dealership as diesel tech apprentices. After about 6 months we graduated with Masters Certifications for Volvo and Mack trucks. This company has been the best employer I’ve ever worked for, flexible with schedule when life gets crazy, no mandatory OT but allow you to work as much as you want, steady pay increases, and the general family dynamic of the employees from the service manager to the janitor has been exactly what I’ve wanted in a job and the thing that’s made me want to stay. I’m currently at $22/hr which is about average for a semi diesel tech in Iowa with only a year of experience. Everyone that has left my company for another has come back and told us that they should’ve stayed and either the pay is only marginally better but the dynamic is awful or the benefits are not great taking the pay down with it. I’m truly happy where I am right now and don���t think I’ll be leaving anytime soon. + +As for her parents mortgage, that’s a tricky situation to be honest. Her parents moved to the states from Puerto Rico to be close to their youngest daughter and our kids. This house was built by her fathers hands and she grew up in it. Nice plot of land on a mountain overlooking the beach. It’ll be paid off in just a couple years. Her older sister still in PR was supposed to rent it out paying for the mortgage, but she has her own issues and is being extremely difficult about it. When my grandparents passed, my mom told her parents she would use the inheritance to buy the house and then kept changing her story and making excuses while she blew through her money till eventually she couldn’t even afford to pay the mortgage monthly. My fiancé doesn’t want to lose her family home like I just did because of my moms financial recklessness. So we volunteered to pay the bill. This was at a time when my fiancé was making very good money and we could afford the extra expense. Her parents are on disability and can’t afford their rent here while also paying the mortgage so we took it over so they could be here with us. That house is going to us when it’s paid for and her parents pass and that is where we plan to spend our retired lives if we ever make it that far. As long as we can stay on top of it, that house will be paid off in a couple more years and we’ll have an actual asset in our names. I’d really prefer not to give up on it so close to the finish line and regret it in the future. + +Again, I want to thank everyone that’s commented and made suggestions and told me some hard truths that I needed to hear to get us out of our situation. All of it is being taken in and processed and I’m working on a plan today. We will be sitting down and taking a long hard look at our lives and trimming the fat around here. Finally, to the kind redditor that sent me a little money over cash app, thank you for your generosity in an unforgiving world. I used that money for a few groceries and necessary household items we’ve needed for a while. The world needs more helpful souls like all of you. +Hello, 21M here. I recently finished my UG. I have a job offer in hand and am excited to begin my journey as an independent man. I was fortunate to receive financial advice from family and friends. Most of them mentioned delayed gratification as a way to live a stress-free, successful life. But, personally, I'm concerned that our lives could come to an abrupt halt. I'm having trouble striking a balance between spending in my youth and saving for retirement. Have you ever been in a situation like this? Please let me know if you have any suggestions or tips. + +Thank you in advance.... + +Edit: Wow, this is my first time on Reddit, and I wasn't expecting such a large response. I feel like I'm part of a nice community where I can get advice and share my ideas... + +Thank you to everyone who gave up their time and offered some sound advise and life lessons. Please accept my apologies if I haven't responded personally, but I am reading all of your suggestions. +I was looking at the company and it seems to have gone done by a lot and it pays a hefty dividend (granted that may not be the case in the near future). Any thoughts on this company? +Binance(through CZ) was the company that said that users should get their funds off exchanges. They claimed customer assets are fully backed on Binance. They said you shouldn't trust (other) exchanges and championed proof of reserves. Then they published their proof of reserves *article* on 10th November at about UTC 13:00:00 or 1PM UTC (the actual snapshot taken earlier obviously) . But **only 20 hours** after publishing, Binance moved 2.7 Billion USDT to another wallet. This wallet is not disclosed or tagged as a Binance wallet and not present in their "Proof of Reserves" publishing. + +&#x200B; + +[Transfer Out of 'Proof of Reserves' Wallet](https://preview.redd.it/dd1yvaxnzi0a1.png?width=1279&format=png&auto=webp&s=9c7c5d1a8cb03b83dceecd45089068521dd1cc08) + +Then **only just yesterday**, 200 Million tokens were transferred back into a disclosed Binance wallet leaving around 2.5 Billion Tether left in the new undisclosed strange wallet. + +&#x200B; + +[200M from strange wallet transferred back into official Binance Wallet](https://preview.redd.it/5eghzjbm0j0a1.png?width=1279&format=png&auto=webp&s=813b7fb832d88a884f382599a616022685ec093e) + +&#x200B; + +[2.5 Billion still sitting in strange undisclosed wallet](https://preview.redd.it/2elm78iszi0a1.png?width=1316&format=png&auto=webp&s=8c804a4894c5bf193769edc4021f51b3213b7b82) + +There are also some additional funds missing from other wallets in their proof of reserves snapshot. The second Tron Binance wallet is missing around 2.4 Billion and the third is missing 500 Million(screenshots in Appendix). The bulk of these funds seem to have went missing on the 14th Nov. + +. + +In the case of the second and third wallets, at least these funds *might* be explained by users actually withdrawing although this can be up for debate. Even then, there's no way to explain an exchange simple shifting billions in funds into some brand new undisclosed wallet in the case of the first wallet. And they did this **only 20 hours** after publishing their 'proof' of reserves snapshot. + +Sure, companies have the right to manage and store their funds in whatever way they like. They aren't bound to keep it in any particular wallet. But that begs the question, why not just disclose their new wallet with a simple addition to their published proof of reserves statement. Why not properly organize and manage their funds so that they wouldn't look shady making such transactions after the fact(of publishing reserves). Why not even post something as basic as tweet to provide transparency to users in all of the chaos we are experiencing now as the CEO tweets about things of much less significance. They should know trust in the space is at an all time low. But instead, users like me have to dig through tons of data to figure out something they could have easily disclosed. Shady as heck. Whether this is funny business they are engaged in or just management incompetence, either way it is not good at all. + +&#x200B; + +Appendix: + +[Proof of Reserves Wallets 2&3](https://preview.redd.it/0hl8pbyn3j0a1.png?width=785&format=png&auto=webp&s=535f61001c360a66a370259c49dd2c640dd1e120) + +&#x200B; + +[Wallet 2 Down to 3.35 Billion](https://preview.redd.it/ozxbrngt3j0a1.png?width=684&format=png&auto=webp&s=05abcca560d21d9c03ce22c232b497c2389b5fd3) + +&#x200B; + +[Wallet 3 down to 1 Billion](https://preview.redd.it/dr6a4inq3j0a1.png?width=689&format=png&auto=webp&s=f188d834ace7d0b86bc66546b4a39d752fc8dc3e) +I’m in a bit of a predicament and put myself into a bad position and just need some advice on the best way of clearing this debt. I have a personal loan which I needed to take out earlier in the year as I didn’t have an emergency fund and needed the cash quick. + +It’s with my bank which is on 12.9% APR and costs me £224.74 per month over 4 years. Ive been paying this off since June 2021 and the settlement figure is currently at £7,790.03 + +I’m 23 and feel like I’m doing alright with earning currently, but the monthly costs are eating at me trying to save as much as possible. Take home is £2650 and outgoings are £970 per month. I’m working on reducing these outgoings by switching providers, gyms etc. + +I’ve started a side hustle in March and been saving as much as possible through work and have just under 13k to my name. + +I have considered paying this off in full but ideally want to buy a house within the next year or two and it kind of feels like resetting with my savings if I was to do it all in one. Would I be better off paying it in full or overpaying to say £500 a month total through my earnings and clearing the debt within the next year whilst still saving a smaller amount? + +May seem like a simple answer to some but it’s just constantly on my mind and playing with me. Any advice is really appreciated. +RooCoin is the crypto version of GoFundMe which has already donated $30,000 to community causes with regular donation rounds. + +They have been live for 4 weeks, therefore are 100% safe and NOT a rug. + +Additionally they are building real utility with their own DEX, NFT Market Place and Wallet Application that allows NFT Staking. + +Already they have 8300 holders, a mature community of experienced investors and a market cap of $2.5 Million. + +RooCoin tokenomics are amazing and with only 400 million total supply (10 million burnt already) they will easily hit $1 this year. + +The team behind RooCoin are filmmakers and have created a viral video advert campaign which will see weekly commercials totalling 52 a year minimum, the first one can be seen below. No other crypto project has ever done this and its groundbreaking. + +[https://www.youtube.com/watch?v=ozZvwv4UcCQ](https://www.youtube.com/watch?v=ozZvwv4UcCQ) + +THIS WEEK: + +In the next 24 hours RooCoin will commence trading on Stex Exchange + +CoinMaketCap listing is later this week + +Additionally they are dropping their next commercial on Friday! + +ONCE THAT HAPPENS THIS PROJECT WILL EXPLODE!!!!!! 🚀🚀🚀🚀🚀 + +I highly recommend you check out this hidden Gem before you see them everywhere as their ad campaign is going viral already and will soon be on streaming services and television. + +Website: [https://roocoin.com](https://roocoin.com/) + +Great Telegram Community: [https://t.me/roocoincommunity](https://t.me/roocoincommunity) + +Forget the countless hype coins, this Gem is a sound long term investment that will hit $1 and beyond this year. +27 year old here - I used to have really bad money habits and have made several mistakes financially (especially during my early twenties). Luckily I have learnt a lot more about money to know not to make those same mistakes again. Just curious about what kinds of money mistakes you’ve made before. +Air Canada will move ahead with plans to layoff 15,000 staff due to the coronavirus pandemic. + +The company made the announcement in a memo obtained by CityNews. + +“Other than returning the remaining Canadians home and continuing a skeleton operation, **we will be essentially ‘closed for business’ for most of the quarter,”** said Arielle Meloul-Wechsler, executive vice president, chief human resources and communications officer + +https://toronto.citynews.ca/2020/03/30/air-canada-layoffs-coronavirus/ +Air Canada will move ahead with plans to layoff 15,000 staff due to the coronavirus pandemic. + +The company made the announcement in a memo obtained by CityNews. + +“Other than returning the remaining Canadians home and continuing a skeleton operation, **we will be essentially ‘closed for business’ for most of the quarter,”** said Arielle Meloul-Wechsler, executive vice president, chief human resources and communications officer + +https://toronto.citynews.ca/2020/03/30/air-canada-layoffs-coronavirus/ +https://twitter.com/ddale8/status/982027310529417218 +https://twitter.com/ddale8/status/982027704433348609 + +[Article](https://www.axios.com/trump-takes-next-shot-in-china-trade-war-1522968511-f76d51e9-f07b-4bcc-b99d-11f32291fe96.html?utm_source=twitter&utm_medium=social&utm_campaign=organic&utm_content=1100) +Some of you might recognize me from my previous posts shlopping hot moist wisdom into your head. + +[New traps](https://www.reddit.com/r/ASX_Bets/comments/kuzvjs/newb_traps/) + + [Newb traps 2](https://www.reddit.com/r/ASX_Bets/comments/kyve7b/newb_traps_revisited_dont_trust_internet_randos/) + +They were well received and i thought I would do another one. With the influx of new users we have had lately (yay 32000) i have noticed some of you autists are swinging to the window licking stupid end of the spectrum in your quest for quick money. + +If you want to be a day trader I reccomend checking this dude out: [Ol' mate john](https://www.youtube.com/watch?v=1h8YeFOEwjg&t=72s) +if your attention span can't last the full 5 minutes i'll give you a brief run down. over 90% of day traders lose money. I will say it again for those of you at the back: OVER 90% OF DAY TRADERS LOSE MONEY. So how do you make a quick buck? You either get fucking lucky or you DONT FUCKING DAY TRADE. I cannot express this in a more concise way. + +DONT DAY TRADE. + +It is really easy to lose money and the people who are taking your money are for the most part not day traders. They are institutions and banks and rich fuckwits. Anyway, how do you make money then? + +You research. You hold. You wait. You wait a bit longer. You fucking WAIT EVEN LONGER. Then one day the news you were hoping for comes out, or FOMO builds and your stock starts to go up. Here is a post i made [7 long months ago](https://www.reddit.com/r/ASX_Bets/comments/heyc1p/bph_and_buy_fomo_is_hitting_hard/). + +I know some of you can't remember back that far and to be honest even the beginning of this week is a bit hazy to me but sometimes you just have to wait. + +The reason you research as well is because if you are holding a shit stock for a long time that is not called patience or wise investing, that is called Bagholding. + +What is the difference between a baghold and a wise investment? Fucking nothing until it rockets. BPH was a long shot gamble and it paid off this once. If it failed I would have lost my money. I did not know it was going to go to 20c. I did not know it was going to go to 10c. If i did i would have put a kidney on it. But i had a strong suspicion it would rocket on FOMO and a bunch of other stuff eventually so i put as much money as i was prepared to lose on it. + +TL:DR + +Do your research, have patience in good stocks, dont buy bad stocks, dont take advice from internet randos,dont day trade, watch out for your cat it is a Warren Buffet spy bot. +I've been working in this factory for about two years now, and as much as I like the job it has been hard to make ends meet with my ongoing debt and alcohol problems. I've mostly been sticking with it because it's frightening to abandon a sure thing for something unknown, especially when I have no real savings or anything to fall back on, but I won't pretend that there are a lot of opportunities out there for someone like me anyhow. + +I was asked to come see the factory heads this week to talk about something, and I was terrified. I thought I was going to be reprimanded or even fired - that everything I had feared was finally coming home to roost, and that all my attempts to ward it off or make up for it had collapsed. Instead, they told me that they had noticed I've been the common factor in my line-team's success for quite a while now, and that they wanted to give me a raise to reflect it. It wasn't much, just another dollar an hour, but the practical upshot of it is that it will basically pay for my groceries each week on its own. + +I've spent the last two years in revenue neutrality at best, making just enough to survive while saving nothing. This new money is going to be enough to let me go back on the anti-depressants I had to abandon, or maybe even get an appointment or two with someone to help work through my addiction again. I don't know if my bosses know that I'm an alcoholic or not (there are many other people on the floor who are, and for whom it's an open secret with everyone else who works here), but they've still given me a real chance here that I do not intend to fuck up. + +I cried in that meeting, much to all of our embarrassment. At least they know I'm seriously thankful. Getting so worked up over a small raise is some /r/LateStageCapitalism shit, I guess, but it's *real*. This is the smallest thing that has ever had the possibility of changing my life, and I am fully prepared to let it. +New here, + +Have a kid on the way, wanted to setup a dividend portfolio so by the time they’re adults they would have a second stream of income...maybe 500 a month put into it... is that something that can happen with dividend investing or is that too low a number? Tried googling just thought I’d ask before I reached out to financial advisors etc + +I understand some basics like slowly increasing dividend over time with solid companies and yields etc + +Thanks! + +Edit: thank you everyone for answering!! Scared and excited at the same time. +Also as an aside I feel blessed to be in a position to be able to save for my kid, I’ll never take it for granted and I’ll be praying that everyone can be in a similar situation as us. +This forum doesn’t give financial advice. Stop with all your “you convinced me.” Posts. We didn’t convince you to do shit. We are not a “group” or an “organization” and we don’t buy together. There’s people here for entertainment purposes only, and people who enjoy buying, holding and trading certain stocks, but we are NOT an organization of any sort. Any purchases YOU MADE are YOUR decision and YOUR decision alone. Not ours. + +Any post saying “you convinced me” should result in an INSTANT BAN for trying to help hedge funds build a collusion argument. Stop with them. Now. Hedge funds commit Rico. We aren’t organized or a group enough to do so. Stop. +I'm just curious. I know most people didn't start learning or taking interest in economic and financial topics when they were kids. How different would your life be now if you did? +Hello, + +this is gonna be a longer post because i've ran into a really weird problem and i have no clue what it could be. Maby i'm to inexperienced in this kind of field but, oh well... + +I managed to get a trading strategy going in Binance with their no Fee BTC/BUSD trading. The Bot can trade every minute, if the trading condition is true. Buying and selling one minute apart. Currently it's all hooked up and running. Backtest showed promise that this "should" work. (Yeah i know, past data is no indication for future results). + +Parallel to the real bot i ran a simulation bot that does not trade on Binance, but just reads the prices of the asset and simulates "trades" without really pushing orders. + +Now here comes the funny bit. + +The simulation bot shows really promising results and works like my Backtests suggested. The real bot on the other hand constantly looses money. + +I've tried ruling out spread by increasing the time frame from 1 to 15 minutes but also this dosn't change the fact, that the simulation bot, given enought trades, ALLWAYS has more money than the real bot. + +The real bot also has like 50 BUSD for now, so matching the order shouldn't be a problem either. + +My question at this point: What am i missing that is diffrent between those two bots, besides one trading for real and the other one simulating trades with the prices. + +I would be really happy if someone could shed some light into this. Im really out of ideas here... +I opened up my front page to see these, all within the past 2 days: + +https://www.reddit.com/r/financialindependence/comments/8p6act/help_me_convince_my_girlfriend_that_financial/ + +https://www.reddit.com/r/financialindependence/comments/8p287e/young_and_unsure_if_i_want_to_retire_early_should/ + +https://www.reddit.com/r/financialindependence/comments/8os1vi/im_21_years_old_struggling_with_now_vs_later_do_i/ + +https://www.reddit.com/r/financialindependence/comments/8oojrr/advice_for_a_21_year_old/ + +https://www.reddit.com/r/financialindependence/comments/8ong3l/pursuing_a_software_engineer_degree_or_pursue/ + +https://www.reddit.com/r/financialindependence/comments/8oox7e/help_me_with_my_10year_plan_to_reach_fi_new_grads/ + +I think it's great that some young bucks are out there thinking about FI early on. But personally, seeing the same threads / requests for information on a daily basis is exhausting and kind of defeats the purpose of this sub. We're dangerously close to r/personalfinance at this point. +The rest of my money would be in smaller amounts for ETFs like Real Estate or Transportation. + +I looked at a bunch of ESG funds. I couldn’t find any that fit with my morals. + +I realized Tech, Finance, and Utilities are pretty much the only things I can morally invest in. + +How safe/screwed am I? +This morning on Radio 4 it was announced the Bank of England was asking high street banks if they were ready to implement negative interest rates. + +My understanding of this part of finance is sketchy at best, but plainly the bank of England is worried about money being kept in pockets and not changing hands. + +Can someone explain to me the knock on effects on a wider level? +I've really place the word investor in between " for a reason. I see too many speculators who think for superficial reasons that "it's the right time to invest". + +A word for you: you are not the first smart ass who thinks "to buy low sell high" as if it was the backbone of a stock market "strategy". + +I don't mean to offend anybody but i feel like the risks are REALLY underestimated by a lot of Redditors at the moment and I would like to put down a word of caution: The world is not at the end of their trouble with Covid19. Or let me rephrase: It is just the beginning. + +Think twice before to listen to the advice from the cousin of your brother in-law, or someone from this subreddit (including me why not, i could be wrong). + +I personally beleive that its not the time to invest but i will let this for another discussion. Meaningwhile to sum up, I strongly recommend to people here to consider and reconsider the current economic situation and its high risk to worsen. +My wife is tired of hearing me talk about stocks, and I wanted to share my first week's success in selling CCs on INTC and SNDL! Looking forward to seeing how Week #2 goes. + +Also, I'm geeking out about how you can use the =GOOGLEFINANCE function to update stock prices in Googlesheets. +I googled this shit 5 times and I cannot get a basic answer to: + +* **How does a normie pay IN STORE with this?** +* Also, please confirm to use it, you have to go online prior (afterpay/zip site etc), and sign up / connect a credit card? +* Why is this shit any better than just using a credit card? (55 days interest free etc deals) + +&#x200B; + +Thanks +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I'm new to this Subreddit. I kindly apologies for asking dumb questions here. + + + +So after the appraisal, my package has been updated to 5.3 LPA. And now I believe that my income tax slab has been changed. As per old regime, I am liable to 20% tax and as per new regime, I am liable to 10% tax. + +I do not have any investment declaration like HRA or 80C documents to reduce my taxable income. This is because I do not have any dependent family member or senior citizen. All in all, I cannot make any investment declaration. + + +Will you please advise me how my tax would be calculated (per month) and what tax regime I should go with? + + + +Thanks. +