diff --git "a/reddit_finance_43_250k_99.txt" "b/reddit_finance_43_250k_99.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_99.txt" @@ -0,0 +1,10000 @@ + +The 12 holdings are as follows ([List as Finviz Screener](https://finviz.com/screener.ashx?v=121&t=AFL,AGO,MTB,STT,AFG,XRX,YY,TX,LEN-B,TDS,IBA,JHG&o=ticker)): + +* AFL +* AGO +* MTB +* STT +* AFG +* XRX +* YY (one exception: too new a company to have a long financial + dividend track record) +* TX +* LEN-B +* TDS +* IBA +* JHG + +I want the community's thoughts on this portfolio as it exists. I understand I may be misvaluing the insurance companies and the banks in this list and will need to do more research/understand valuations of those types of companies better. + +Thanks everyone. +Kansas City Southern ($KSU) was the last class 1 railroad after the big 6 (BNSF, Union Pacific, CSX, Norfolk Southern, Canadian Pacific, and Canadian National) that had not yet been acquired or taken private. There were [take-private talks last year](https://www.reddit.com/r/investing/comments/i1f4fc/wsj_reports_kansas_city_southern_usmexico/) valuing KCS at around $208 per share which were rejected, and now CP has apparently swooped in with a deal valued at [about $275/share](https://www.businesswire.com/news/home/20210321005013/en/Canadian-Pacific-and-Kansas-City-Southern-Agree-to-Combine-to-Create-the-First-U.S.-Mexico-Canada-Rail-Network). + +Since the STB has shown reluctance to allow any more mergers between the big 6, this is basically the last big rail merger that's realistically possible. + +Speaking personally, $KSU was my biggest position (over 20% of my portfolio) and my favorite one too, as a strong bet on the growth of the US-Mexican trade relationship. I'll be looking for other ways to play that thesis and would be interested if anybody else has any ideas. Might sit in $CP while looking over my other options. + +E: adding additional info + +[Here is the website that CP and KCS have set up to discuss the new combined company](https://futureforfreight.com/) + +There is an investor call happening at 2pm EST today (in 30 minutes) to discuss the merger. You can find a link at [this website](https://investor.cpr.ca/events/) +Here is the [powerpoint presentation](https://ssl.lvl3.on24.com/event/30/20/89/4/rt/1/documents/resourceList1616341384560/cpkcsannouncementdeck32110amfinal1616341383050.pdf) being shown in this conference call + +The deal is for $90 and .489 CP shares per current KSU share, so the final value may fluctuate from the current $275 number. + +Major synergies identified on the call: grain and bulk food shipments from Canada down to the Gulf and Mexico (KSU already does major business exporting Midwestern/Great Palins grain along this route), chemicals and plastics moving both ways, additional intermodal routes between Mexico and the upper Midwest/Canada, and automotive shipments from Mexico all the way up +These past few days have seen a bit of improvement in post quality. But Gains Flair is still being used by fuckwits who think a stonk going up and a commsec app screenshot order flow is enough for a post. Also, fuckwits are hard to seperate from pump scammers. Rules 1 and 4 are still in play, though it gets hard to keep up when you idiots get excited. + +&#x200B; + +We will still delete those posts, as well as pumpers who post nothing but a ticker and nine rocket Emojis. Or those fucking "I heard this will rocket, thoughts?" Posts. This isn't a FB group full of drooling idiots. I mean, there are lots of drooling idiots, but they aren't that stupid. + +&#x200B; + +If you own a share, it's gone up but you're still Diamond Handsing the deal and haven't sold yet, you may now use the "Coward Gains." Flair to show off all the paper wealth you now have but are too afraid of further rises to lock in and take money to give to your wives boyfriend. Just to make the potential moment your penny that briefly exploded and then dumped that much more embarrassing. Or if it keeps rising, your real Gains post will be that much more sweet. + +&#x200B; + +Also, the FB groups apparently had people photoshopping announcements. A clear shitpost is different (Elon Musk tweeting about fishguts is fake), but this is stuff you should report asap. We don't want to get calls from ASIC. +I'm not sure how it works but I'm imagining Starlink will provide more coverage and lower rates. And once the satellites are up, they will have a monopoly on internet. + +Is that the end of our local telecom business? + +Are we witnessing the beginning of a worldwide monopoly on internet access? How do I invest in this? +Let me explain a few things to you: + +* 1) The Gnosis token sale ended at a theoretical 312.5 Million valuation. + +* 2) Only 4.17 % of all tokens have been distributed to you early investors, the other 95.83 % of the tokens is in hands of the Gnosis team. + +* 3) The Gnosis team now owns 299 million USD in artificial token value. They've invested 0 USD. + +* 4) In contrast, the investors who paid 100 % of the money, invested and own 13 million USD in tokens. + +* 5) Let me be more clear: You paid **31.25 USD** per Gnosis token and as a collective, have only received 4.17 % of all tokens. + +* 6) Now take a seat before you read number 7 + + +* 7) The **actual value** of the Gnosis tokens is 13 million USD (this is all of the actual money brought in by the investors) divided by 10 million tokens. That means each individual token now has a factual value of **1.3 USD**. + +* 8) As of now, your net result on your investment is **-95 %** + +* 9) We did warn you: http://i.imgur.com/WAVLXWE.png - You triggered the worst case scenario in this graph + +* 10) And warned by /r/ethtrader + +* 11) But you just didn't want to listen, did you + +I'm sorry if this is the wrong place but I wanted to share because I'm pretty sure I learned about this here. + +My wife makes just enough to not qualify for medical assistance but not enough to afford her own. She had an extremely bad asthma attack (exacerbated asthma attack?) and ended up in the hospital for about a week. We knew it was going to cost us but I was genuinely scared I was losing her so I didnt care. Thanks to this sub, I think, I knew to immediately request financial aid from the hospital. + +Before we heard from them though the bills started coming in. Totalled more than 85,000 but that's the gist. We just heard back that they dropped it down to 7,500. Itll still be a tough few years because we dont make much but its do able. 85,000 was not going to be do able... so thank you, whoever at some point shared that tidbit and potentially saved our financial future. + New job numbers show the economy has been picking up, with more than 300,000 jobs added in March. But the most recent wave of shutdowns is threatening all those gains. + +Despite a third wave of COVID-19, Canada's unemployment rate fell to a post-pandemic low of 7.5 per cent in March as the economy added... + +[twitter.com/canadainvest...](http://canadgerbo.tk/new-reports-today-canada) + New job numbers show the economy has been picking up, with more than 300,000 jobs added in March. But the most recent wave of shutdowns is threatening all those gains. + +Despite a third wave of COVID-19, Canada's unemployment rate fell to a post-pandemic low of 7.5 per cent in March as the economy added... + +[twitter.com/canadainvest...](http://canadgerbo.tk/new-reports-today-canada) +Has anyone researched Fourier transforms as a signal filter or tried to apply any fluid dynamics ideology to market momentum? If so, do you mind sharing any high level results? +Hey guys, I‘ve already invested a bit, mainly 4k into VT, 500 each into AAPL, NVDA, AMD and PLTR and another 200 into AMD. + +Now I just stumbled upon this subreddit and was wondering what your top 5 stocks/ETFs are that pay out a lot of dividends. Cause I don‘t know too much about the dividends side of stocks I just invested in Companys I believe in. +Who here is investing in ETH and other crypto with a 20-year time horizon? Who here wants to minimize the burden of having to report taxes on crypto-to-crypto trades? + +I do. And I want to minimize my taxes as much as possible. + +It has taken me about two months to set this up. I'm not quite done, but I'm in the home stretch. Just waiting for GDAX to approve my institutional account. + +Basically, what I did was set up a self-directed Roth IRA. On the Roth IRA, you don't pay any taxes on capital gains. + +1. I worked with Broad Financial / Madison Trust. + +2. Madison Trust is the custodian for my ROTH IRA. Broad Financial help me set up an LLC in my home state which is owned by the ROTH IRA. + +3. Total fees paid to Broad came to $1,195. Annual fees to Madison Trust for maintaining the Roth IRA will be about $200 per year. + +4. Broad Financial set up the LLC, obtained a tax ID number from the Feds, and filed and obtained the LLC certificate with the state. The LLC was formed in my home state of Iowa. + +5. With the LLC created, I can then open a bank checking account in the name of the LLC. With the same paperwork, I also opened an institutional account with GDAX (still waiting approval). + +6. I transferred funds from by brokerage ROTH IRA to Madison Trust, which will then issue me the capitalization check in the name of the LLC. + +7. I then deposit that capitalization check into my LLC bank account. + +8. I then fund GDAX from my LLC bank account. + +9. Any gains from GDAX are remitted back to that LLC bank account. + +10. If I want to transfer funds to another ROTH IRA (eg my brokerage IRA), I need to write a check from the LLC bank account to Madison, which will then issue a check to my broker. + +There are a lot of rules regarding what assets can be owned by a self-directed IRA LLC and who you can buy from. Basically, you want to avoid self-dealing. +**In the first stage of an upward market**—one that has been down awhile and that nobody expects to rise again—people aren’t talking about stocks. In fact, if they lumber up to ask me what I do for a living, and I answer, “I manage an equity mutual fund,” they nod politely and wander away. + +If they don’t wander away, then they quickly change the subject to the Celtics game, the upcoming elections, or the weather. Soon they are talking to a nearby dentist about plaque. + +When ten people would rather talk to a dentist about plaque than to the manager of an equity mutual fund about stocks, it’s likely that the market is about to turn up. + +**In stage two**, after I’ve confessed what I do for a living, the new acquaintances linger a bit longer—perhaps long enough to tell me how risky the stock market is—before they move over to talk to the dentist. The cocktail party talk is still more about plaque than about stocks. The market’s up 15 percent from stage one, but few are paying attention. + +**In stage three**, with the market up 30 percent from stage one, a crowd of interested parties ignores the dentist and circles around me all evening. A succession of enthusiastic individuals takes me aside to ask what stocks they should buy. + +Even the dentist is asking me what stocks he should buy. + +Everybody at the party has put money into one issue or another, and they’re all discussing what’s happened. + +**In stage four,** once again they’re crowded around me—but this time it’s to tell me what stocks I should buy. Even the dentist has three or four tips, and in the next few days I look up his recommendations in the newspaper and they’ve all gone up. When the neighbors tell me what to buy and then I wish I had taken their advice, it’s a sure sign that the market has reached a top and is due for a tumble. + +&#x200B; + +Excerpt from *One Up on Wall Street* by Peter Lynch. +My dad was laid off in June 2016 and has struggled to find a stable job since. He and my mom live in a $350k house that they’ll never pay off. I’ve told them until I’m blue in face to sell the house and find a cheaper living option but they refuse to do so. + +This morning he sent me this email: + +>“I am in deep financial turmoil and need help. My credit is shot and can't get a loan on my own. I need $6,000 for the following expenses. + +>Mortgage $3,800.00 +Neighborhood HOA $1,400.00 +Utility_Gas $288.17 +Utility_Water $202.36 +Utility_Electric $191.00 +Wells Fargo $140.00 + +>You can get a personal loan for me from Sun Trust or Wells Fargo bank. I will make the monthly payments till the loan is paid in full. If you don't want to do it or, can't do it, please let me know.” + +The last thing I want is a high interest bank loan in my name, but I also don’t want my parents to be broke. My solution is for them to sell the house, pay off the mortgage and get back the roughly $70-$80k they have tied up in it, and use that to rent somewhere cheap. That amount could potentially sustain them for years until my dad is old enough to collect social security (he’s 61 now). However, I don’t know a lot about how mortagages and home ownership work to know if this is a viable plan. Any advice is appreciated. + +EDIT: To clarify, these are not just one month’s worth of expenses. Their monthly house payment is about $1600/month and the HOA fee is yearly, but both have late fees because they’re overdue. +Backstory: I was wildly successful at a full time retail commission sales job. I made a switch when one of my clients asked me to work for his Energy Conservation startup. He falsely marketed the job to me--sold me on an internal sales position and I'm currently doing everything but sales. At the time it seemed like a good idea because I was willing to do anything to get out of my toxic retail job. + +The company does not have an internal sales team, he is spending more in lawyer fees than the residual monthly income (witholds commissions from contracted brokers...they sue him), and I cannot see it going anywhere despite his strong-willed forward thinking enthusiasm. Note: there are VC investors who see a lot of potential in the company...I don't get it. I've been in the position for four months--almost fired twice (my boss realized I wasn't closing sales even though my workload was geared toward everything BUT sales)--saw two employees (bosses he had me train, to be my boss...) come and go because he is impossible to work for. Think Donald Trump temperament with complete inability to reason with people. + +Here's the catch. He's given me some serious raises in the course of 4 months. I'm currently at $55k/annually...24 years old...with a college degree. But actually no clue wtf the future of this job has in store for me. It could be super successful by some act of God and I'm in a great position to reap the benefits if this does happen. It might happen in a year...it might happen in five...it's hard to tell. At this point I'm bound by the salary. + +I have the opportunity to jump ship and work as an SDR for a fast growing tech company. I'd be starting from the bottom with a lot of college grads willing to take a $40k/year salary because it's their first real job and they're enthusiastic as hell to climb the ladder of tech sales. + +My boyfriend just moved in with me...brought rent from $1650 to $1100. I am less worried about not affording living expenses and more worried about my future. I can make the lifestyle adjustments...I think. I've gone from $70k/year in retail sales, $55k/year in a startup setting with zero direction and utter chaos solely because of the owner, to considering $40k/year just to start from scratch in an industry that could offer some serious longevity. + +The tech position has a lot of upward career trajectory...but this pay cut is hard to wrap my mind around (Approx. $15k!!!) . I do not have kids or a mortgage...part of me thinks this is the only chance I'll get to start fresh in a fantastic industry. The other part thinks I'm throwing away the (confusing) hard work I've put in and settling for a common entry level position with little leverage to negotiate. I probably won't see the money I'm making now for a few years. + +Please advise!!! + +EDIT 1: Holy shit thank you for these thoughtful responses. I'm going to get to everyone..but I had a 2 hour window without my boss in the office and now he's here. + + + +EDIT 2: Uhhhhh it's taco Tuesday and between the spicy pork I roasted all day (sorry guys, no soup tonight) and the amazing feedback I've gotten it's going to take some time to respond. I have a LOT to watch/consider/ask/read etc etc...but I really appreciate everyone's input!!!! + + +EDIT 3: The reason my rent only decreased by $550/mo after my boyfriend moved in is because I live in a 400 square foot studio and gave him a drawer for his 15 articles of clothing and a corner for his guitar and Katana. The spacial distribution is definitely not 50/50 lol. He's inspired by Netflix's "Minimalism" documentary. +For fucks sake apes, have you learned nothing? It dropped on basically no volume at all, nobody is paper handing, nobody has stop losses on, they are manipulating the price in real time...and trying to get you to accuse people of doing this shit....divide and conquer...and you're falling for it. + +&#x200B; + +Get your shit together apes. Ride this out like we have every other time. Trust your fellow fucking primates. + +&#x200B; + +It's a dip.....what do we do with dips? + +&#x200B; + +Edit: To all the people saying this is FUD. I am a god damned Knight of New, there was like 5 or 6 posts accusing people of paper handing and yelling to remove stop losses because this was "there fault" (the people with stop losses) all in a row. It's likely they didn't make it this far which is why you don't see any. BECAUSE WE DID OUR JOB. It was getting on my nerves, so i made this post. Chill the fuck out, not everybody is out to get you. + +Edit2: To the people that STILL don't believe me...the posts are gone now, because as I said, we did our fucking job...but here is a group of reactions TO THOSE POSTS from other apes who were equally as concerned. [https://imgur.com/gallery/VvQFncT](https://imgur.com/gallery/VvQFncT) + It seems everyday, there is a new post where someone's metamask gets hacked for 6 figures of ETH. They post the victim and scammer addresses and go on about reaching out to law enforcement blah blah. If you have ever seen a real scammers account, there are usually tons of transactions and money being moved quick to avoid being black listed by exchanges. The past few post ive seen, the 'hackers' account has only 1 transaction. Seems strange doesn't it? +Let's also take OP's Reddit age into account . + +Now, not all post are scams but unfortunately, it only takes a few bad apples to spoil the bunch. With it being the holidays, people probably feel a bit more generous and want to help out someone in need. +What's the minimum I need for my emergency fund? I think 6 months of spending is too much. + +I'm not in a position that I can be dismissed from work, just like that. Anyway, to be dismissed from my work, they need to warn me at least 60 days before. So, that's 2 months' income. + +I save and invest around 50% of my income. + +So, with 2 months' income, I already have 4 months of spending saved. Therefore, I only need 2 months of spending saved in my emergency fund, which equals 1 month's income. + +My car has insurance. I have health insurance. My house has insurance. I have a perfectly fine smartphone and computer. Besides these 2 months of spending saved, what emergency could possibly happen that I'd need more money? (If, for some unknown reason, I need more capital in an emergency, I can always use a credit card and pay off 100% in the next month, considering that I save around 50% of my income). + +I just want to maximize my ETF's investments without having money doing nothing or earning 0.1% in treasury bills or something. + +Thanks for helping. +Hi guys. So all banks in EU have coverage for 100k in basic/saving accounts. So in theory everyone 's money in banks are safe. But what will happen during some big recession when few banks go under? + +I mean, yes, 1-2 banks down should be fine, but if more of them fall, can insurance cover it all? + +Do you feel safer in old brick and mortar big banks? + +In last recession 2008, there were very few online banks like today's N26, Bunq, etc. Who has better ground to survive problems? Big banks with bigger capital, more clients with different products like loans, housing lease or online banks like N26 which has less risky assets? +So from what I understand, pump and dump is when you inflate a stocks price by coordinating a demand that by normal means does not exist to give a stock an upwards trajection that it should not have, and then selling high once other people are in on it. + +And what most of these hedge funds did was to short stocks that were priced fairly to dip them into lows they should not have been in the first place to profit by covering their positions at low prices. + +How are these 2 things different in any way besides one targeting the bulls and the other targeting the bears? +Nifty P/E Ratio is well above 30, as of September 15: [https://www.equityfriend.com/investment-charts/nifty-pe-chart-nifty-pb-chart-nifty-dividend-yield-chart.html](https://www.equityfriend.com/investment-charts/nifty-pe-chart-nifty-pb-chart-nifty-dividend-yield-chart.html) + +Markets (gauged by Nifty 50 and Sensex) are close to their pre-covid highs, corporate profits have taken a massive hit across sectors. The low earnings, along with high share prices give us this abnormally high P/E. + +I am considering reducing my equity portfolio and keeping some dry powder. How many of you guys feel that it may be a good idea to allocate money to cash/gold/short-term debt for now? +My finances just keep getting worse and worse. I’m always a few steps away from being homeless. I don’t know how I’m gonna pay my rent next week. I only have NEGATIVE 200 dollars and I maxed out every single credit card. My car keeps breaking down and needing a repair that I can’t even afford. No one will hire me despite claiming to be needing workers. I just feel like it’s never gonna get better for me ever. I just keep wishing that a million dollars would just show up in my bank account. +ACTIVE EDITING: I will be adding rules as I find ones in the comments that benefit my trade style!!! + +After a 1k loss in 2 minutes yesterday on a volatile stock I decided it was time to set ground rules but I want to see what everyone else has come up with an potentially add to my own: + +1: after a big drop, don’t immediately buy in as it could just keep going + +2: limit losses on volatile stocks by betting smaller amounts + +3: ALWAYS put a stop loss. Mental stops always get broken by gut feeling that it’ll turn around + +4: ALWAYS limit order on entry + +5: trade on the uptrend not the downtrend, wait for a noticeable reversal + +6: LIMIT the amount of companies on your watchlist. There will ALWAYS be “better companies” trade and make money but focusing on too many at once means not spending enough time on any! + + +7: if something confusing happens with the way a stock is suddenly trading, STAY THE FUCK OUT until a noticeable trend is back + +I learned all these rules the hard way + +I’m usually only in a stock maximum 5 minutes. I usually will watch a chart for 10+ minutes before deciding whether it’s worth it or not. Generally new highs with unusually stupid high volatility. I may only make a single full trade a day + +————————————————————————————— +ADVISORY WARNING: this isn’t financial advice, also I had to reupload because automod removed it for some reason +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! + + In a recent interview with Cathie Wood, ETF Trends’ CEO Tom Lydon, asked the popular fund manager about her expectations for the markets, and specifically strategies for recent volatility for the Ark Innovation Fund (ARRK). + +**The ETF has fallen over 50% from its high.** Wood discusses specific plays while highlighting the importance of the technology companies the fund invests in. She explained her belief that deflation, not inflation, is the more worrisome risk over the medium term. + +I really don't understand how she can say deflation is more of a risk then inflation at this point. I love ARKK's approach to the markets but this maybe quoted as delusional in hindsight + +[Full read no ads or paywall](https://www.channelchek.com/news-channel/How_Cathie_Wood_Plans_to_Manage_Market_Volatility) +Surely the Federal Reserve has excellent economists and mathematicians on staff. People who can compute double integrals in their sleep and find a matrix's eigenvalues without using pen and paper. Surely there exist mathematical equations and numerical models based on huge datasets that attempt to optimize the interest rates to apply to achieve the Federal Reserve's policy goals. So why are these economists and mathematicians not using these equations and computer models to tell the board of governors: "In order to achieve your policy objectives, we should increase rates by 0.1763% at time t1, by 0.8425108% at time t2, and by 0.546858% at time t3". Or if they do, why is the Federal Reserve not listening? +So, I understand how KO could pass SCHD´´\`´'s screening process and be part of the ETF, I just don\`'t get how it could make it to the largest holding: + +&#x200B; + +https://preview.redd.it/tx74tqoto6d81.png?width=2354&format=png&auto=webp&s=102c4e25e19ae0d8cb911ada16302321b13a7cb9 + +&#x200B; + +Let's have a look at the different aspects SCHD takes a look at, which are: + +&#x200B; + +1. At least 10 consecutive years of dividend payments. +2. Minimum $500 million market cap. +3. Best combination of cash flow to total debt, return on equity, dividend yield and 5-year dividend growth rate. +4. Selecting the 100 highest-yielding stocks among the universe of qualifying components. + +&#x200B; + +Then, for KO: + +Points number 1 and 2 are clearly fulfilled. However: + +&#x200B; + +* Dividend yield: 2,78% -> not bad but also not great. Also, lower than the ETF's yield. +* Dividend Growth Rate 5 year: 4,5% -> Again, lower than the ETF's Dividend Growth. +* Dividend Growth Rate 1 year: 2,5% -> In this case extremely lower than the ETF's Dividend Growth. +* Payout:n 82%. + +&#x200B; + +So a I missing something? I am not saying KO is a bad stock, but I guess there are many other stocks out there that fulfill SCHD's own criteria in a much better way, specially taking into account points 3 and 4. + +Would love to hear your thoughts and reflections on this topic. Thanks! +# Changed May 16th: Please see Update at bottom of post. + +Today there is hype about an Italian financial news site reporting that the New York Fed has lent **400 billion** USD to 39 financial institutes over the past two days. It concludes that big Wall Street parties have been margin called and are panic borrowing from the Fed to make margin. Link: [https://www.money.it/Fed-repo-miliardi-Wall-Street](https://www.money.it/Fed-repo-miliardi-Wall-Street) + +[Google translated screenshot of the news article](https://preview.redd.it/x2vo22t7cyy61.png?width=697&format=png&auto=webp&s=8bdb221c2f8ba0330f3a9e5601463ce51a2b2c4b) + +**None of it is correct.** + +**TL;DR** + +* The numbers are about reverse repos, which mean that the Fed is the one borrowing cash and providing US Treasury bonds as collateral. +* The numbers are about overnight reverse repos (ON RRP) which have same day settlement. The cash makes a roundtrip in the same day so cannot be added together: there will be significant overlap between the numbers of subsequent days. +* ON RPP rate is currently 0%, which means the Fed borrows cash at 0% interest and provides US Treasury bonds as collateral. The incentive why someone would lend to the Fed at 0% interest rate is to hold the bond, perhaps for short term shorting. +* The Fed has on March 16 increased the maximum amount of cash they will borrow daily from a counterparty from 30 billion to 80 billion per counterparty. Reverse repo transactions have increased daily since. +* It's not financial institutes borrowing cash because they got margin called. It's the contrary: it's them depositing cash to profit from babysitting holding US Treasury bonds. + * ~~which they perhaps use for nefarious purposes~~ ~~^(this is an understatement)~~ + * Please see Update. + +&#x200B; + +**Good day apes!** This is my first attempt at a DD if you can call it that. I'm actually just formulating an in-depth reply to other daily trending posts: + +* 20k upvotes: [https://www.reddit.com/r/Superstonk/comments/nb9pon/european\_financial\_news\_is\_reporting\_major\_margin/](https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/) +* 11k upvotes: [https://www.reddit.com/r/Superstonk/comments/nbg01m/regarding\_recent\_rumors\_about\_fed\_bailing\_out\_hfs/](https://www.reddit.com/r/Superstonk/comments/nbg01m/regarding_recent_rumors_about_fed_bailing_out_hfs/) +* 8.3k upvotes: [https://www.reddit.com/r/Superstonk/comments/nbbrg6/margin\_called\_front\_page\_moneyit/](https://www.reddit.com/r/Superstonk/comments/nbbrg6/margin_called_front_page_moneyit/) +* 5.3k upvotes: [https://www.reddit.com/r/Superstonk/comments/nbbg13/reverse\_repo\_loan\_amounts\_by\_day\_since\_january/](https://www.reddit.com/r/Superstonk/comments/nbbg13/reverse_repo_loan_amounts_by_day_since_january/) + +If I'm wrong then shame be on me and I will delete this post or leave it up for posterity, whatever the people deem best. If I'm right, a lot of people are getting excited about some news site that is wrongly interpreting what it means when the Fed conducts reverse repo operations: it's the opposite. So here goes. + +**WHERE ARE THE NUMBERS FROM?** + +So first off, what is this $400 billion figure coming from? Again look at the shared news article: [https://www.money.it/Fed-repo-miliardi-Wall-Street](https://www.money.it/Fed-repo-miliardi-Wall-Street) + +400 billion is the lazy sum of 209 billion and 181 billion (context: Italians call a billion a milliardi). Those numbers can be found on the NY Fed site here: [https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) + +&#x200B; + +[The numbers are from reverse repos](https://preview.redd.it/phgs140fdyy61.png?width=1119&format=png&auto=webp&s=50cd1533a4e1000d7238f940ce59ad364e49fcdf) + +Take note that the page contains daily summaries of **repos** and **reverse repos**. Nothing is happening in terms of repos (.000 abound), the numbers are about **reverse repos**. + +**WHAT ARE REVERSE REPOS?** + +I've only learned today what a repo or reverse repo is, but it's enough to conclude that the news site has it wrong. There seems to be some confusion today because of one definition on Investopedia, and another definition on the Fed site. But we are talking about numbers posted on the Fed site, so lets look at their FAQ. + +Here is what the NY Fed's FAQ says: + +"A reverse repurchase agreement conducted by the Desk, also called a “reverse repo” or “RRP,” is a transaction in which **the Desk sells a security** to an eligible counterparty **with an agreement to repurchase that same security** at a specified price **at a specific time in the future**." + +Source: [https://www.newyorkfed.org/markets/rrp\_faq.html](https://www.newyorkfed.org/markets/rrp_faq.html) + +"The Desk" refers to the Open Market Trading Desk which represents the Fed. So in a reverse repo (RRP) the Fed sells a security to gain cash, but has an agreement to buy the security back. That's where we can already conclude the 400 billion is not being lent to Wall Street at all, it's being borrowed from Wall Street. **It has nothing to do with margin calls.** + +If I'm wrong, correct me please, but here is a few more sources to back up this interpretation. + +* [https://www.federalreserve.gov/monetarypolicy/overnight-reverse-repurchase-agreements.htm](https://www.federalreserve.gov/monetarypolicy/overnight-reverse-repurchase-agreements.htm)"When the Federal Reserve conducts an overnight RRP, it sells a security to an eligible counterparty and simultaneously agrees to buy the security back the next day." +* [https://www.learningmarkets.com/the-federal-reserves-open-market-operations/](https://www.learningmarkets.com/the-federal-reserves-open-market-operations/)"When the Fed wants to extract money from the system, it sells Treasury securities to its primary dealers in a reverse repo." + +Moreover, the reverse repos involving the reported numbers are **overnight reverse repos**, meaning the transaction is inverted the next day. Therefore it's also incorrect to just sum up the numbers: the 209 billion of one day and the 181 billion of the day before probably have a lot of overlap. So scrap that 400 billion number altogether. + +&#x200B; + +[Numbers are from same-day settlement reverse repos, i.e. 'overnight'](https://preview.redd.it/ygb2nqbrbyy61.png?width=599&format=png&auto=webp&s=26645b6faf328e475ad1436b39d351ab745e9d82) + +Until this part is just setting the record straight. I do have an alternative theory to propose. + +# Reminder: My personal stance has changed, feel free to entertain the theory but please make sure to also read the update at the end of the post and the referenced counter perspectives. + +&#x200B; + +Remainder of the post is the original theory. + +**SO WHAT IS ACTUALLY GOING ON WITH THESE INCREASING NUMBERS?** + +If you look at the data again on the NY Fed site, numbers have been increasing steadily every week day: 154, 161, 175, 181, 209 billion. That can be seen in this graph, which was made by u/xpurplexamyx today: + +&#x200B; + +[All credit to u\/xpurplexamyx and her post at https:\/\/www.reddit.com\/r\/Superstonk\/comments\/nbbg13\/reverse\_repo\_loan\_amounts\_by\_day\_since\_january\/](https://preview.redd.it/wr801288eyy61.png?width=960&format=png&auto=webp&s=b4821e15abc01e14e0f4ea6401fe1cdbfe03daaa) + +If you look at the graph, you can see the numbers start increasing rapidly after March 17. Well something very relevant happened on that day. Before March 17, any reverse repo (RRP) counter party could deposit up to 30 billion per day at the Fed. **On March 17, this changed to 80 billion.** + +Source: [https://www.newyorkfed.org/markets/opolicy/operating\_policy\_210317](https://www.newyorkfed.org/markets/opolicy/operating_policy_210317) and [https://www.federalreserve.gov/newsevents/pressreleases/monetary20210428a1.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20210428a1.htm) + +Now assuming there is incentive for counterparties (that would be banks) to participate in the Fed's RRP program, it is to be expected that numbers would rise from that point on. Why did it increase gradually instead of immediately from March 17 onward? What is that spike on March 31? I don't know, hope someone can fill us in. Why did the Fed decide to raise the limit to 80 billion? I don't know either but it has something to do with that bRRR-man. I hope someone with knowledge of monetary policy can jump in here. + +**Lets talk about incentives.** Normally the incentive for counterparties to take part in the reverse repo program, i.e. deposit cash at the Fed is because they make interest on that deposit. Otherwise, why wouldn't they rather use that money to make money? So normally, the Fed offers some interest, but not more than other banks. The interest rate for reverse repos is tweaked by the Fed to act as a lower limit to what interest banks charge each other, the latter is called the federal funds rate. + +My crude attempt at summarizing this: the interest rate that the Fed pays in reverse repos can be decreased by the Fed to incentivize banks to borrow from each other, and increased to incentivize borrowing from the Fed. People that actually know economics can come shit over me now. + +What is interesting to me and a bit surprising is that the current interest rate for overnight reverse repos, the **ON RRP rate, is currently 0.00%.** Source: [https://www.federalreserve.gov/newsevents/pressreleases/monetary20210428a1.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20210428a1.htm). + +Again, the interest rate that one would get for using the Fed as a daycare for their cash, is currently 0.00%. Yet participation in the ON RRP program is increasing daily, both in terms of money exchanged and number of counterparties participating as evidenced by those 181 billion, 209 billion and **today 235 billion**. The 400 billion number from the Italian site was summed up where summing isn't valid, but at this rate we will reach it soon on a single day! + +What's the incentive? Well perhaps you **want** the collateral that the Fed offers, which in the case of the reverse repos we are looking at are exclusively **Treasury Bonds**. The Fed gets to babysit your cash, you get to babysit some US treasury bonds. + +The incentive may be that when you park your cash at the Fed and get to hold on to US Treasury bonds, you can do stuff with those bonds for a day since you do own them until the Fed purchases them back the next day. Here are some things I can think of to do with these freely borrowed bonds: + +* Lend them to short sellers for a borrow fee +* Use them yourself to short +* If anyone can come up with other reasons to deposit funds somewhere for **0% interest**, receiving treasury bonds as collateral, please fill me in. I would like to know the least nefarious reason for someone to make use of this reverse repo program. + +I mean, look at what's been trending downwards: + +[Price of treasury bonds has been trending down](https://preview.redd.it/e2ply48ihyy61.png?width=853&format=png&auto=webp&s=85a103ff44d76ff96bec4f4498d2bf3878cd5bad) + +For more juicy cooking recipes with treasury bonds, please refer to the Everything Short by u/atobitt. I'm not saying the Everything Short and this here are the same argument, actually I need to reread it knowing everything I learned today. What I am saying is that **treasury bonds are shiny**. + +&#x200B; + +[And I don't even know what they look like!](https://preview.redd.it/vb55e9krpyy61.jpg?width=650&format=pjpg&auto=webp&s=028788f1a02e5299329a2d00b65f7ea253a5d148) + +Since the value of treasury bonds is trending downward and these financial institutes can borrow treasury bonds from the Fed free of charge via reverse repos, that might explain why so many parties are participating in this reverse repo program and why daily cash deposited at the Fed is ever increasing. Although this mechanism was made by the Fed as a way to withhold money from the market, in effect they are lending out treasury bonds for free. + +They have quite the conundrum: the ON RPP rate is zero, which should be no incentive for banks to deposit cash at the Fed daily, yet they do. That means that babysitting treasury bonds is profitable and the ON RPP rate **should** be negative, which means institutes pays the Fed a fee to borrow those treasury bonds. But the ON RPP rate is also meant to be a lower limit for federal funds rate, which they don't want going negative. + +If I understand all of this correctly, the ability to short treasury bonds is like an exploit that makes the reverse repo program ripe for exploitation. Financial institutes can borrow treasury bonds for free, which can be turned into profit with a little creativity, and the Fed can't charge for it because that could unintentionally cause negative interest rates across the economy. + +**Please let me know your thoughts. I do not have much confidence in this theory, but it's the only one I could come up with to explain things that otherwise don't make sense to me.** + +Why did the Fed increase the daily limit for any RRP counterparty from 30 billion to 80 billion? + +Can the reverse repo program be used as an exploit to borrow treasury bonds for free and then short the bonds using them? If not, why are banks participating in the reverse repo program at 0.00% interest? + +Why is the ON RPP rate 0.00%, what's the objective? Does it make sense for the Fed to set it at 0.00% as opposed to negative? + +# Update: Mostly harmless + +I asked for opposing perspectives to my tinfoil hat theory and received several. Please see u/usefully_useless's [reply](https://www.reddit.com/r/Superstonk/comments/nbt1sp/counter_dd_ny_fed_400_bln_reverse_repos_is_not/gy7zdhr/?utm_source=reddit&utm_medium=web2x&context=3) for a counter perspective that this is just the money market working as intended. The fact that we're seeing record numbers in reverse repos day by day can be explained by record numbers of excess cash. Incentive to store at the cash at the Fed at 0% is due to the obligation of money market funds to lend (forbidden to hoard). Lending to other financial institutions is currently not as competitive as usual (overnight interest only 0.01% on average), so there are clear reasons to park excess cash at the Fed (low overhead, zero insolvency risk). + +On the other side of the equation, u/jsmar18 stressed the role of the Fed in their [reply](https://www.reddit.com/user/jsmar18/) and I would like to highlight that although I posed the question 'why would the Fed do x', I meant it as a general inquiry and not an accusation of suspicion. However read his summary of RRP history and Fed goals. Fed actions sus? No, in line with their monetary policy and their hyperfocus on controlling inflation. + +u/HotBoyFF also remarked with his experience that it's likely not daily short selling, but it could be that the financial institutions desperately need treasury securities for something other, such as reporting reasons. u/jsmar18 in their reply also linked some good information on that. Treasuries are certainly used for 'window-dressing' (cooking books legally). I found this study on that subject if anyone is interested: [https://www.aeaweb.org/conference/2018/preliminary/paper/KdB9i9QE](https://www.aeaweb.org/conference/2018/preliminary/paper/KdB9i9QE) + +A popular question was: does this align with u/atobitt's [Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)? Now that I believe that it's mostly money market funds using the reverse repo program, who cannot directly in a legal way tunnel assets to hedge funds, I think it is more likely that hedge funds would just naked short over exploiting the reverse repo program. The original theory aligned with Everything Short, my updated stance just says: The NY Fed's reverse repo program is probably not an efficient way for hedgies to implement the Everything Short. Here is a little snack that does support the Everything Short, which is [JPow's Q&A from April 27-28](https://www.federalreserve.gov/monetarypolicy/fomcpresconf20210428.htm) time 47:00. "As you know at the beginning of this recent crisis, there was such a demand for selling treasuries, including by foreign central banks, that really the dealers could not handle the volume." Insane demand so the dealers couldn't handle it, could that have included naked short selling? Likely. + +But while we should keep an eye on Citadel and any parties trying to short *attack* the US treasuries, I don't believe Citadel is overleveraged in naked shorting US treasuries because retail and whales catching a falling GME was the big surprise to them. In US treasuries, the 52wk high-low (for example TLT: 177 - 136) is much tighter than GME (483 - 3.77) and the market for treasuries is much more resilient. So US treasuries no squeeze potential in case you were considering it (and I know some of you apes did). The ball is still GME. +>Thank you for the post replies so far. Definitely a mix of tech and non-tech responses here. Lessons learned, and luckily I have other offers so this won't make me homeless or anything like that. Will ask this question to the tech group tomorrow just for the sake of discussion and so someone else can learn from my mistakes. But I know what I should avoid/do better in my next negotiations! Thank you to the 1 idiot (lol, 250k views, 1k+ comments, and you were the only one), the rest of you were harsh but appropriately and I probably deserved a harsh response to remember. :) + +Just trying to learn what mistake I made... + +&#x200B; + +**location**: Toronto, Canada. + +&#x200B; + +**me**: 3 years of professional experience (internship, startup). 2 years as Lead Developer at a startup, 1 year of internship. MSc degree on big data related project (source code is public, demo website is also public, pretty innovative approach to handling big data). Nothing too complex, but still cool project where I was doing everything from design to development to server config. + +&#x200B; + +**company**: startup with 15 employees. No idea about funding status (offer withdrawn rather than give me this answer). Dev team has 5 devs. + +&#x200B; + +**job**: full stack developer, 3 years of professional experience, MSc degree, experience with front-end, back-end, some Android and iOS experience would be an asset. + +&#x200B; + +**Offer**: here's a summary of what happened in series, emails were professional and courteous (I've worked in a formal office environment). + +&#x200B; + +* Company: what is your salary expectation? +* Me: I've made 70k before +* Company: when did you get this? we don't see anything on your resume that would pay this (note: lead position is listed there) +* Me: as a lead developer at last company (startup, linked to the company website) +* Company: here's our offer: + +>\* base salary: 75k +> +>\* hours: min 40 hrs, but variable as needed to accomplish the goals +> +>\* benefits: 80% dental and vision, 3 week vacation, 10 sick days +> +>\* can't have side business +> +>\* 1 month notice required from me +> +>\* company can end employment as per province of Ontario's notice period laws +> +>\* 3 month probation period + +&#x200B; + +* Me: Could I get more details on the dental and vision plan, and could we up the number to 90k? (note: I was looking for some movement up) +* Company: 75k is max we can do, at 90k we would look for someone with intermediate level experience. (note: every company I've interviewed with has put me in intermediate category, 2/5 interviews have been for senior positions BASED ON RESUME AFTER I applied for a non-senior position) +* Me: 75k is fine, I'm looking for a long-term opportunity. May I get answers to the following Qs: + +>would you agree to flex scheduling or work from home on some days? I am okay with 40+ hrs required, but I would prefer some flexibility here to run occational errands or workout etc. +> +>Will company provide dev computer, or will I use my own? (note: there was a clause in the contract that was talking about equipment so I asked...) +> +>Can I bundle sick days and vacation as 'paid time off' +> +>there is a mistake in the contract clause (country should be canada) +> +>Given the 1 month resignation notice from me, could you match that from your side? (note: ontario laws require 1 week notice per year of employemnt, so it would have taken 4 years for me to get a 1 month termination notice/pay) +> +>Is the company a privately held or seed/A/B/C funded? + +* Company: we withdraw, expectations are too far off. best of luck in your search. +* Me: no problem, wish you the best in your search as well. + +&#x200B; + +**May be I made the following mistakes:** + +1. Asking too much $? +2. Mentioning working out? +3. May be sick and vacation bundle is a red flag? +4. Asking for details on the company funding? +5. Asking 6 bullet point questions/consideration simultaneously? Is that bad enough to withdraw offer? + +&#x200B; + +If someone could help me understand my mistake(s) I would appreciate it. I was seriously considering it as a job I can keep for 4-5 years when the CEO abruptly ended negotiations. +I'm going to simplify this story very drastically. + +I trade in an old car for another used car at a used car dealership. I sign a shit ton of papers, they take my car, and I drive "new" car home. They said my first monthly payment bill should come in within 2 weeks. + +An entire month goes by and I receive nothing. I contact them and they said "oh you forgot to sign something and we need your social security card." I'm out of state at this point so I can't go there in person and the contract expires (due to 30 days passing). + +Now they're pissed and either want me to return the car back, OR send them a full check of the difference. The issue is: I don't want to pay the difference in full. So if I return the car, I should get my trade in back. But they already sold my trade in car elsewhere. + +I am very scared of them sending a repoman. How will I know if they sent one? It's not like I don't make payments, I literally can't. +My company recently IPO'd and I've gone from \~$1mm in net worth from savings and investments to \~$8mm. Of the $7mm in stock options, half of that is fully vested (but not exercised) and the other half is still vesting. The stock is extremely volatile and I'd like to diversify. I'm 37. Married. 1 kid. HCOL. + +I've talked to a CPA and will talk to a CFP. My goal is to use this time efficiently and ask about the right type of questions to ask. Most of my questions are around timing the exercises and sales to decrease tax as well as AMT trap. But beyond that, I'm wondering what is worth asking my CFP? + +&#x200B; +Chron ($XCR) is a pure utility token with no tokenomics built into the contract so that investors can enjoy buying, selling and trading without expensive taxes (network fees still apply). Our business model is simple, build useful high quality products and services to generate revenue that will then be shared with investors via buy-back programs and liquidity adds. + +&#x200B; + +Utility will be enhanced over time, but to start we plan on integrating utility through our website such as holding for access to certain services, access to gamification (which will include NFT, Chron and other rewards) as well as accepting Chron as payment for services. + +&#x200B; + +This first phase we are in is focused on getting us through the migration, getting our site launched with some basic features, build up of our clients and getting traffic to the site. + +&#x200B; + +2nd phase will be focused on integrating charting and personalized features along with utility and gamification. + +&#x200B; + +We have already launched our Voting, Listing services, and Marketing. + +&#x200B; + +You can sign up on our website. + +&#x200B; + +Have an amazing team that consists of 5 Devs and 6 Mods. We are really close. Most of us have known each other over a year in the crypto world and definitely will make this token rise. + +&#x200B; + +&#x200B; + +&#x200B; + +Website + +[https://chronofficial.com/](https://chronofficial.com/) + +&#x200B; + +&#x200B; + +Twitter + +[https://twitter.com/Chrontoken?t=aBBsE0K6rFZ0CZdLBoRQfQ&s=09Chron](https://twitter.com/Chrontoken?t=aBBsE0K6rFZ0CZdLBoRQfQ&s=09Chron) Official + +&#x200B; + +Telegram + +[https://t.me/chron\_official](https://t.me/chron_official) + +&#x200B; + +Pinksale Presale link + +[https://www.pinksale.finance/#/launchpad/0x708C7c909B41a6791a2559Aea75EC806803Ca11F?chain=BSC](https://www.pinksale.finance/#/launchpad/0x708C7c909B41a6791a2559Aea75EC806803Ca11F?chain=BSC) +It looks like some of the high growth and tech stocks have dipped low enough to some very appealing prices. I did not think I would say that but Nio, SQ, ETSY, even some of the renewable energy stocks are a steal considering their potential sales growth. + +I’m thinking of taking profits on my value stocks, selling IAG and buying into SMT. +Great to hear what everyone’s plans for this week are. +I am still thinking that we may not have reached the bottom yet but with the stimulus passed, we seem to be close to it. +“The single greatest edge an investor can have is a long-term orientation. In a world where performance comparisons are made not only annually and quarterly but even monthly and daily, it is more crucial than ever to take the long view. In order to avoid a mismatch between the time horizon of the investments and that of the investors, one's clients must share this orientation. Ours do." - Seth Klarman, Baupost Group + +What is your investment time horizon and why? +My husband earns significantly more than I do and is about 5 years away from achieving FI. He is very adamant about splitting expenses 50/50 (we live below our means) and keeping his portion of our joint investment earnings separate from mine. When I asked how I should feel about this in r/relationships I was basically told that it's inconceivable for a married couple to not have joint finances and that he's selfish. He says it is so that he can RE and know he is still contributing financially to our lifestyle, which I understand. I'm curious how people here handle their finances if they are in a domestic partnership. + +Editing to clarify: I'm a happily self-employed creative entrepreneur with no desire to retire. My husband wants to retire early to join me in creative pursuits + +Edit #2: wow I wasn't expecting all of these responses, thanks for your input, it gives me lots to think about! I feel like some more details may have helped since lots of you seem to have an issue with the 50/50 split (but frankly, I forgot how unique our situation is). While my husband makes more money, I *choose* to make less in some ways because I choose my own hours. And while sometimes that means I work 60 hour weeks, sometimes that means I work part-time for three months. And since we have both lived below our means to this point (i.e. our household expenses are currently under $2500/mo and we both make 6 figures), the 50/50 worked out fine. We just bought a house in an HCOL area so things will be a little tighter, so an open discussion will need to be had. +Hey guys, + +Hope you are all doing well. I have been testing on demo the following concept for the past week. I have 500 dollars spare that I would like to go live with and I dont mind losing them. Basically, I would be testing to risk 5% of my account on each trade I make. My risk/reward has always between 2:1 and 3:1. I would be using a strategy which has been pretty profitable for the past months however on that one I keep a risk of 2%. I am just wondering what this new risk variable would do to 500 bucks over time. I havent completely made up my mind yet so I was hoping to read what you guys thought about this agressive risk management. + +Please keep it peaceful, this is more of an experiment I know it will set off some alarms. + +Cheers +I live in HCOL area and the idea of purchasing a place would take up a large amount of my NW. It's hard to justify when rents are "fine." Even in a rent vs own calculator a lot of times the numbers say just keep renting. Have any of you NEVER owned property? Do you regret it? Thanks + +Edit: I did not expect so many thoughtful responses! You’re giving me a lot to think about and I really appreciate it. +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! + +Hello everyone, i am an legal immigrant with a green card in usa. I have been here for 1 and a half year. I have been working at Mcdonald's for 1 year and i am getting paid for 11 dollars per hour in Northwest Florida. + +It is my first job ever i had and i don't have higher education than high school. I wanna make my life better. Go to school, get a better paid job with better benefits. Because i don't get paid more when i work on holidays, i get 1 week paid vacation, i am being on my feet all day long, it is so hard on me because i have flat feet. I hurt 24/7. I don't even wanna go to walks after i am done with job that day. Can't even exercise because of the pain. Ruins my life. + +I don't know where to start. I was good at my school back in my country. So i am just thinking going college or university that i can afford. Do i need to get SAT? Is it better if i get it? Can i get scholarship if i get good score on SAT? + +Or is there any jobs that i can find, pays better and i can train myself for it and land a job. I prefer working at home>working in office>working in a sitting down job>working on my feet>working in a fast food restaurant. :D + +I just don't know what to do. I was reading a lot of stuff to figure it out, i have no family in here and no support, so there is nobody to enlighten my road. + +Thanks everybody who gives me their opinion. It is my first post, i am sorry if i posted it in a wrong section. +I am 55 years old. I make $30,000 year. I am $21,000 in debt. Do not own a home,car is paid for but it is a 2006. I do have $26,000 in retirement. No other savings. How do I pay down debt and be ready for retirement???? +Hey goofs, + +21 days ago I told you that Buffett stuffed 47.6% of Berkshire's $300 billion public portfolio in one single stock - Apple. Here is the original thread: [https://www.reddit.com/r/wallstreetbets/comments/uewroo/476\_of\_berkshires\_300\_billion\_portfolio\_is\_in\_one/](https://www.reddit.com/r/wallstreetbets/comments/uewroo/476_of_berkshires_300_billion_portfolio_is_in_one/) + +https://preview.redd.it/1bsu09rs6o091.jpg?width=706&format=pjpg&auto=webp&s=f7ec9367c7850cc56359ae945043eea0c321d886 + +You down-voted me into an oblivion because I said something against a god Buffett. I told you I was going short on Apple, yet you made fun of me and mocked me for daring to think that I'm better than the oracle of Omaha! + +Where are your 90+ year old gods Buffett and Munger now? + +https://preview.redd.it/z5wz75cv6o091.png?width=1340&format=png&auto=webp&s=b47286e06fe59c90e239dd95ffe8c47cce07cf4b + +After small and mid cap destruction that started in November 2021, I can't hide my happiness that market is coming to destroy the big boys like Ackman (NFLX), Musk (TSLA), Zuckerberg (FB), Bezos (AMZN) and Buffett (AAPL) that you all jerk off to. + +They are not smarter than us. Fuck you and fuck anyone who thought Apple was reasonably valued at $3,000,000,000,000. + +Down vote me again bitches, but that won't save your AAPL castle from burning - muahahaha! +After 2 years of binge watching financial videos and reading books I've come to the realization people are broke because they are getting paid dog shit. According to Dave Ramsey and many like him it's actually because "poor people are spending it on crap they don't need" sure there are the HENRYS (High earners not rich yet) but most Americans are not making 6 figures and living above their means. "Spend no more than 30% on rent" sorry but rent has sky rocketed and that eats up everything so no money left to invest in my roth ira or stocks! Low wages are the reason we are broke! +Reposting this as a verified thread. + +As a background, I've been an entrepreneur since 13. First, I made millions creating online multiplayer servers for a popular online game, then I started an eCommerce business that I still run. It's a subscription based eCommerce product that is ancillary to something that people need and will continue to need in their daily life - that's about as specific as I will get. I take about $3.5mm in distributions from this business annually. + +The problem is this -- I feel that a lot of my early drive and success was a direct result of early childhood bullying. I always felt inadequate and less-than, so I felt that becoming wildly successful was the only way to gain approval and to "show them." Once I achieved this, the negative feelings and low self-esteem gradually evaporated. I thought this would be a positive, but all the rage and feelings of inadequacy that catapulted me here are gone. Now, I'm just surrounded by awesome people like my girlfriend who do nothing but lift me up. The people doing better than me just root for my success, or are otherwise super nice to me. There's no one to get angry at. + +Put another way, I've only ever known "climbing" as my default setting. Building my businesses took an immense amount of persistence and hard work. Now, I've reached \*a\* peak (lots of people doing better than me) that is comfortable for me. I no longer have the motivation to seek new challenges because I have nothing to prove, but at the same time something feels inherently lacking. I still have a voice in the back of my mind all the time that's basically saying "hmm, this is weird. why aren't we struggling anymore? shouldn't we be pondering some new problem? why are there no new problems?" and the response is silence, and it's deadening. How do you get over this and just "settle down"? +I'm an older software developer with a family. + +2+ years I thought it would be fun to make an algo to trade stocks and rolled my own super complicated local Python app using tensor flow etc. that totally failed miserably. + +I came here after and got super depressed, but also realized that alpha is king, and so is the idea. + +I moved to QuantConnect and came up with some really simple ideas, and one worked and after extensive testing brought it live (real money) in January. + +It failed hard, but I didn't give up. I fixed the bugs, and worked with QuantConnect to fix theirs. + +I brought it live again 1 month ago and it's now profitable and following back testing (so far). So I guess, don't give up. I'm not special. + +Algo stats (2015-2019 June 8th backtest): + +* 3.77% / -2.80% avg win / loss +* 65% win rate +* Compound annual return 332% +* 2.475 Sharpe +* Total return over this period 62,158% + +As a note I always back test from 2001 until now, but I only had this one handy. Surprisingly the algo usually trades better in 2008 and bear markets. +Hi, I am a new dividend investor and I started one month ago. Yesterday, I bought one share of Microsoft at $294. Now the share price is at $285. Is this considered a dip, or should wait a little longer? Is there any other stock or etf I should be investing in right now? +I would love to hear stories of traders who have made it to the top. A trader who consistently makes profit in any market condition. How did you get involved in trading? What was your struggle? How did you overcome your struggle to become a profitable trader? How long did it take for you to get there? Thanks! +🦆 Duck Inu 🦆 is a token designed for multiple uses(Staking,Purchasing Nfts, Competing in our P2E Game and exchange in our platform). + +WE applied for CoinGecko and with FastTrack we should get listed in max 36 hours. + +**Telegram** [https://t.me/Duck\_Inu](https://t.me/Duck_Inu) + +💲**Staking**💲 + +Our developers are working day and night to provide a magnificient staking ecosystem to provide the best APRs on the field. + +🖼**Purchasing Nfts** 🖼 + +Our coin will let you Mint our Majestic Low Supply NFT Collection. there will only be 500pieces and their utility will be massive(Passive income,Early Access to our P2E Game, and also presale for our Virtual Land Auction). The value of the coin at the moment doesn't represent it's real potential. But as we launch all our developments we are confident that we can be a very strong competitor against coins like Shiba or Doge. + +🕹**P2E Game**🕹 + +We will have a Alpha phase in mid december which will only be accessible by our very first holders and those who bought our Nfts. then in the 1st Quarter of 2022 the Game will be launched to the public and we are already in talks with multiple influencers to make sure our impact will be massive in the sector. + +💱**Exchange platform**💱 + +Nowadays entering the cryptoworld is getting easier and easier but still there are big obstacles to overcome. That's why we are creating our own exchange platform to trade our Token and other cryptocurrencies too, this will have a massive impact because our data analysts are confident that this will allow even people that are new with the crypto world to buy our coin easily, therefore there will be a massive influx of liquidity, and the coin will skyrocket even more. + +🎁**Daily Giveaways**🎁 + +We are hosting daily giveaway for the most active member of our Duck Community, we want to give everyone a chance to win, so don't miss the chance and have fun with us. + +💰**Multiple Competitions**💰 + +Competitions are and will be a very important aspect of our community, it will make sure engagement stays high and people receive rewards for it. Multiple prizes will be given and will only benefit all of us. We want to have a community that perceives $Duck as their token and feels proud of owning it. + +**Our TOKENOMICS** + +1 Billion Tokens Minted + +10% Buy/Sell Tax + +5% Marketing (which goes to the marketing wallet which is going to be used only for marketing related costs) + +3% Liquidity + +2% Holders + +🚫🐳Anti Whale System in place + +Max wallet 1%(10million tokens) + +Max Transaction 1%(10million tokens) + +Daily Updates from the developers on the ongoing of the project to make sure investors are always updated with the ongoing situation + +❌ No Dev. Wallet + +🔒 Liquidity Locked for 24 years [https://mudra.website/?certificate=yes&type=0&lp=0x76c2e01cddb076d8881edc1fba1d0702371e5aa6](https://mudra.website/?certificate=yes&type=0&lp=0x76c2e01cddb076d8881edc1fba1d0702371e5aa6) + +✅ Contract Verified 0x636df8d8717a4ed1c338681498ac076458bcead0 + +✅ Contract Renounced [https://bscscan.com/tx/0x6a0965b260b2668e9f303043fd04702128dea3195c6eacfae914590269e993ed](https://bscscan.com/tx/0x6a0965b260b2668e9f303043fd04702128dea3195c6eacfae914590269e993ed) + +**Website**: [https://duckinu.app](https://duckinu.app) + +**Telegram**: [https://t.me/Duck\_Inu](https://t.me/Duck_Inu) + +**Twitter**: [https://twitter.com/DuckINUofficial](https://twitter.com/DuckINUofficial) +On Mobile and Not sure if this is the right sub... + +TLDR: IRS took all my money from checking, joint, savings and money market. I have no liquid assets anymore. IRS says the owing party's SS# is the same as mine. + +Story: This all happened yesterday. It was pay day and I wanted to move money to our joint account and take cash out for gifts for my daughter for her birthday and Christmas. I noticed that my checking and joint were in the negative and my money market and savings were zero. I always leave at least $500 in my checking and $1000 in my joint in case I miss recording a purchase and any overdrafts would come out of my money market that had over $8,000, so I should never have a negative. + +I immediately called my bank and they told me it was an IRS withdrawal that is perfectly legal and I must owe back taxes. I always get money back at taxt time so I know that I don't owe any taxes. I then call the IRS. After what seems like holding for hours and then getting transferred around I speak with someone that can actually tell me something. They said there was nothing under my name but when they search my SS# a different name comes up, of which they wouldn't tell me, and that person has liens, the amount they also wouldn't tell me, and that the IRS used my, the same used by the tax ower, SS# to find associated bank accounts to levy and did so when they found mine. I explained the error and she said that under my name it did show that we owed nothing but since my SS# was used she couldn't do anything to reverse the levy. + +I'm going to speak with a tax attorney as soon as I can get with one on Monday but I have no clue what to do from here. I have no money for anything. My mortgage is due one the 15th, my daughter's preschool tuition is due 10th and of course her birthday and Christmas. I do have some gifts for her so thats fine. But I have no clue how long this will take. I am going to call HR and have them stop direct depositing my check for next pay period but I get paid once a month so thats not until January. + +I just wanted some advice on anything else I can do on my end. And I'm wondering how they got my number and what else it could be used for. I check my credit on credit Karma and haven't seen anything new or suspicious. So maybe it was just a transposition of numbers that just happened to be mine. If you made it this far thanks in advance. + +Edited to add paragraphs and make reading easier. +Hey guys, +Thanks to good old covid I’ve gone from comfortable paying a everything to ignoring my phone most days because it just doesn’t stop.... I’ve been trying to avoid going down the hardship route for my mortgage and car loan but after defaulting on my mortgage and my income being constantly changed due to the covid restrictions it’s looking like my only option. + +My question is, as I’m self employed and already getting fucked sideways on interest rates with Low Doc how much harder am I going to get fucked by seeking hardship? +TL;DR: Wells Fargo posted charges to my account in most to least expensive (not the order they were made), causing 4 overdraft fees plus penalties, totalling $176 instead of 1 fee totalling $35. This is COMPANY POLICY. + +This actually happened a few years ago, but a recent Reddit post (https://www.reddit.com/r/personalfinance/comments/88unax/if_youre_ripped_off_by_comcast_or_any_internet/) made me look into it again. + +Below is an excerpt from a letter sent to Wells Fargo at the time: + +"On March 20th, I made 4 purchases, and apparently, due to the fact that someone I had brought from days earlier had not drawn on my account yet, I miscalculated my funds available, and became overdrawn. + +There were 4 overdraft fees, which in turn led to several Continuous OD fees. + +But these overdraft fees were not applied to my account until March 25th and 26th, despite the fact that all 4 purchases which led to the fees were made on the 20th (And I have paper receipts to verify this.). + +At the time, I had over $600 in my other account, which I’d have been happy to draw on to cover the funds, but I was under the impression that credit card transactions were instant – a view that was re-enforced when I got home that night and saw one of the charges (For Hertz Rent a car) already applied to my account. That charge was for around $300, which was more than I expected, and I intended to question it. + +The next day it was gone, and I assumed Hertz had realised their mistake and were in the process of correcting it. But it does show why I believed that there was no delay by Hertz in processing the transaction. + +None of the other transactions appeared to be even “Pending”, and I had no way of anticipating when they would appear. + +Then suddenly, all 4 transactions went through at once, and Wells Fargo put the biggest transaction through first, causing all the others to bounce. Had they put the smallest through first, only the most expensive one (Hertz) would have bounced. This caused 3 more overdraft fees than were necessary." + +Wells Fargo's response was (in part) as follows: + +"In our Consumer Account Agreement (CAA) effective November 2008 regarding the Order of Posting, the Bank may post Items presented against the Account in any order the Bank chooses, unless the laws governing your Account either requires or prohibits a particular order. For example, the Bank may, if it chooses, post items in the order of highest to dollar amount to lowest dollar amount. The Bank may change the order of posting Items to the Account at any time without notice. Enclosed is a copy of page 22 from our CAA for your review." + +Personally, I find this practice disgraceful, and am no longer a customer. If you find this as offensive as I do, or if it has ever happened to you, please consider writing to them, and spreading this information. + + + +Age Mid-30’s w/ NW $18-$20M. + +My family is in the process of trying to qualify for a mortgage. We are in a weird spot, and before throwing up my hands, I wanted to hear the collective thoughts of this forum. + +Personally, our wealth is constructed of a large number of rental properties, an operating business, crypto, and liquid investments. The liquid investments are worth about $6M, but selling them would trigger a huge tax bill, and put us in my opinion, uncomfortably illiquid. + +My wife and I have our eyes on a place that is about $5.5M, but based on the above, I think it’s prudent to get a mortgage. What we are finding though, is that our regional banks (small ones in the midwest) who support our operating business, are choking at the amount of money we need for our VHCOL home. We are trying a mortgage broker, but are having limited success due to the complexity of our situation. + +My strategy from here if things don’t work out, is to wait until I get some more liquidity to just buy what we want in cash, and say, “to hell with it”. Am I looking at this correctly? + +TLDR: Is it normal for people with high net worth, but low liquidity, to struggle getting a mortgage? +Value investing, at its core, is essentially buying great businesses at prices lower than their intrinsic value. Combine good analysis of intangibles, and you can find some really good plays. I feel, however, people have chosen to ignore the potential of lower priced, lesser known companies for companies trading well over their intrinsic values. Apple was trading at around 100$ in the early 2000’s, and the fundamentals made sense for a buy back then, but people didn’t buy it until it became mainstream. There are still many companies TILL THIS DAY that have amazing fundamentals, are in up and coming industries, and also have competitors doing decently well. If you can find these companies and hold on to them, then how is value investing dead? Is it easy to find the next Microsoft or Johnson and Johnson? No. It wasn’t easy in 1995, it wasn’t easy in 1965, and it’s not gonna be easy in 2021. But the notion that value investing is some how less effective would mean that fundamentals don’t matter long term. I think that’s a very dangerous narrative to push. If you’re not betting on a companies fundamentals for the long term, then what are you betting on exactly? Somebody to come along pay more for the stock you just bought? +Apologies for the newbie post. I'm not the smartest when it comes to the market, but I've done fairly well this past year trading individual stocks. I want to move a lot of my portfolio to be more dividend focused so I've been looking into a lot of ETFs, bond etfs, REIT etfs etc. + +I see a lot of talk about VTI on this sub as it just tracks overall market performance. I'm typically a buy and hold type person, but it does look like I'd be getting into VTI super late if I started now. Just wanted to gauge opinions on this sub and see what you guys think of it for someone who's not in any ETFs at the moment. + +&#x200B; + +Thanks! +Hi everyone, I'm in a fortunate place where I can work anywhere in the world as long as there's a stable internet connection. + +I realise this might not be the best place to ask but then again I don't really know where else to ask. + +I'm 29, and I live in Nottingham, sharing a house with 2 other people. I earn £28k and I spend about £550 on rent and bills monthly. I have about £5k in savings and investments. + +I don't feel tied down to the UK at all, despite having friends and family here. I'm looking for a place that where I can enjoy life and building up my savings more. Would I be naive in thinking that moving to a country like Thailand would be beneficial for me? I imagine that I'd save a lot of money with the low cost of living over there. But is that at the risk of other benefits I get from the UK? Such as ISAs and NHS. + +Basically I want to relocate where I can have fun and save a lot of money at the same time. I'm open to living in different countries temporarily to see what it's like and don't feel like the UK has much to offer me in terms of life experiences. + +Am I being an idiot? I know that everyone's circumstances are different but I'd appreciate any insight or personal anecdotes. + +Thanks for reading. + +Edit: I never considered that my employer would have tax implications if I moved out of the country. Gonna need to some research. Thanks to everyone that commented, really gave me more things I needed to think about. +My daughter left her company and has since started to go to school full time. She now received a letter stating she will be charged a percentage for them to keep her 401K since she is no longer working at her company. Is there a better place for her to move her money? Any recommendations? +I recently did something fat for the first time. I bought first class airfare for my cross country flight. I know this probably doesn't sound like a huge thing for many people on this board, but it's a big step for me. + +The psychology of money is weird. Despite my net worth now approaching $5M I rarely spend on luxury items. I was raised in a blue collar town where Yankee Frugality was a big thing. With that ingrained, at times it has been difficult to spend on things that are nice but unnecessary - like upgraded seats on a plane, even as my net worth has grown over time. + +My net worth has been growing quickly lately, helped by a strong stock market. Five years ago I crossed the 1M mark, by the end of the year I might hit 5M if things go well and I think that rapid increase is messing with me a little. Almost like my brain hasn't caught up to the size of my statements, so I haven't given myself permission to spend much yet. Each year I've been expecting a decline but instead I get more increases. + +So, this year I decided to give myself a Christmas present and splurge on first class tickets. What I'm really curious to see is if I will think it was worth the extra money or not. But for now, I bought the first class tickets and am happy I did it. + +Is this concept of giving yourself permission to spend something that others here struggle with as well? + +Are there some high impact things you first started to spend more on and were happy to do so, when you reached a certain NW level? +I recently rented a car with Sixt in France (it has been a nightmare from start to finish, would highley reccomend avoiding them in future...), and just recieved the final invoice. It inculded a €110 fee for a "damage waiver" which i told them i didnt want when asked. + +I have tried disputing with them, but am struggling, especially as they insist on corresponding in french, when the respond at all. + +I did pay on my amex, is this something they can help with? +I know there's no shortage of posts like this, but I wanted to share my story as I'm the [squiggly success chart](https://images.app.goo.gl/ahJeqgA3tkyRqg7RA) and not the 4M networth 35y/o engineer (sorry for the stereotypes). + +Cliff notes on my background: 30 years old, been part of 5 layoffs and laid off in 4 of them, (willingly) took a pay cut at my most recent job for the growth and learning opportunities, live in a HCOL area, and have a decent amount of medical expenses. + +In the last 3 weeks, there have been so many things that would have sent me panicking just a few years ago or been things I wouldn't have dealt with properly, if at all. + +**Exhibit A**: My dog ended up severely injured three weeks ago, to the point that I had to rush him to the emergency vet. X-rays and meds cost $1,000. Didn't bat an eyelash and was just extremely grateful to have my dog alive. Old me would have (embarrasslingly) tried other alternatives before rushing to the vet or asked for other (cheaper) testing. Vet said emergency x-rays, I said go. + +**Exhibit B**: Just a few days later, I left for a $1,500 vacation I booked nearly 6mo before that. Old me would have gone to the ends of the earth to cancel that trip to "compensate" for the vet expenses. I went and tried my best to enjoy every second. + +**Exhibit C**: My grandma just passed away unexpectedly, and I need to get to middle-of-nowhere Europe in less than a week. Flights are INSANE. I've been stalking them all day and they're just getting down to something reasonable, and by "reasonable" I mean *more than double* what I've ever spent on them. This is a horrific situation, and I need to be with my family. I'm so grateful that cost is not an issue. + +I am by no means as rich as some of the folks who post here, but good god am I grateful that I was raised to save my money and spend it thoughtfully. The past few weeks would have gone much differently otherwise, or they wouldn't have but I'd be saddled with debt for the next 5 years. + +I know I'm preaching to the choir, but regardless of how "bumpy" your journey has been, you're still ahead of the curve if you're paying attention to your finances at all. I don't consider myself wealthy, but in my head I define it as being able to take care of things like this without second thought. + +This spending would certainly not be sustainable for me long-term, but I'm hoping life lightens up. In the meantime, I'm thankful to have been able to take care of everything that has come my way. My parents did well. (I'm the product of insanely hard-working immigrants and watched the "American dream" growing up. My dad took me to open my first bank account with just a couple bucks before I could see over the counter!) +Hi all, +Hope you're well. +So I got an email from linkedIn and a certain company would like to give me an interview for a programming job. +So I(29) live in South Africa, born and raised. I've got just over 9 years experience programming on IBM machines(RPGLE). +they're offering €4000 net per month. They will also sponsor my visa and extend after 3 years if I end up staying. +Question is, would that be enough to live fairly comfortably? I'll be going on my own. +I'm still paying off a car and apartment this side, but planning to sell it all. +should I negotiate a bit more? +Company is in Brussels. should I get cheaper accommodation outside the city? +I’m fairly involved with managing a few portfolios and providing financial advice apart from work. There are times every once in a while when I get extremely exhausted with markets with every Tom, Dick and Harry having an opinion on everything, TV pundits and analysts having opposing views etc. + +Time like these, I have a strong urge to just take pause from research and markets while I regain my attention. I usually just stop doing research, dig deeper into lighter books and news and let my passive portfolio do it’s thing. + +Is it just me who’s prone to this market fatigue or are more of you out there? How do you cope with it? +Hey guys, I'm trying to make ethical/responsible decisions here and not sure what to do. + +I have about $20k worth of credit card debt and it's taking a long time to pay off, and it feels pretty overwhelming. + +What doesn't help is that I've had my own businesses that I've been running on my personal cards (I know, stupid moves) and I haven't been able to pay them off. + +I left my businesses and expect to start a full-time job soon maybe about $60k/yr after taxes. I like the idea of a fresh start because spending a year barely scraping by and just paying off the debt really sucks. Should I just suck it up and live frugally until it's paid or file for bankruptcy and start over? + +Thanks for your insight guys + +EDIT: Thanks for all your advice guys, I will make a budget as soon as I get a job and go from there +Guys. We need to talk: + +This subreddit above all else is supposed to be a hub of news, useful discourse, information, and understanding of cryptocurrencies/crypto assets in general. Through it I've found some amazing coins and made investments that I would have never known to make. + +But that's only because I didn't listen to the trash level sentiment being carried out and the hardcore tribalism that causes people to lose out on good, solid investments. So here, lemme break this into 3 categories: + +**FOR THE INVESTORS** + +It has become incredibly clear to me that FAR too large of a portion of our reader base on this sub is entirely unaware of the fundamentals of investing in new tech. This is not a sports team, this is not some TV show or fad, THIS IS A BRAND FUCKING NEW ASSET CLASS THAT CAN REVOLUTIONIZE OUR SOCIETY. And it is MUCH too early to be acting like we've already made our correct bets and that nothing can happen to change the trajectory of our favorite project. + +1) How is the TECH/Whitepaper? (this should always be your FIRST question) + +2) How is the Dev Team? + +3) Do they have a funding scheme? What kind? (community donation, venture capital, institutional investment/buyouts, ICO etc.) + +4) How are they organized? + +5) How is their track record? + +6) Do they have any institutional or prolific backing? + +7) Does it solve a goddamn problem or alleviate friction anywhere? + +8) Does it have competition and where does it stand within that? + +9) How close to ready is it? + +10) Any plans to create, stimulate, and maintain adoption? + +11) Does it have a Marketing and media presence? A good one? + +12) How is its Mainstream visibility? + +13) How about Accesibility and Liquidity? + +14) Growth potential based on current price and supply + +15) Can it survive or at least get around the regulatory hammer? + +Regardless of what you think your coin's shit smells like, these are the things you need to know in order to decide where the hell you're putting your money. Because each and every single one of these questions is important in determining the value potential and sustainability of your coin. If you actually care about making money then you'll shed your need to be on a single team and diversify your assets based on the fundamentals. Yes, I know a month feels like an entire year in crypto, but investment is NORMALLY supposed to be a multi-decade affair. Meanwhile longterm for most of us means 2022 at the latest. DO YOUR OWN RESEARCH. + +**FOR THE DAY TRADERS** + +In general, you have a very simple job. Look at graphs, do some TA, make a plan, invest based on that and do your best to have orders and trading set up that minimizes risk. So just do that. I don't want to hear a single one of you coming through a subreddit and moaning about how you think something is a shitcoin because it wasn't volatile enough that day to make you dumb amounts of money. No one is saying you aren't making hella money or that you aren't right from a daytrading perspective, but keep that to the trading subreddits where other like-minded people are actually impatient enough to care about that. You should understand that when you put up some pissy comment like that, new investors who haven't the faintest clue on anything will take what you say seriously and model their money movement around your words. + +Think about that. + +If I had listened to day traders, as a mid-long term investor, I'd have missed out on NEO (back when it was Antshares), ICX, and XRP. I would have missed out on the following percentage gains: + +NEO: 1150% Gains as of now +ICX: 5080% Gains as of now +XRP: 1720% Gains as of now + +^Why would I want to miss out on that because of impatience and bad philosophy? + +**FOR THE SUPPORTERS** + +For people who are genuinely in this for philosophy, that's great, discuss the merits of your philosophy and vision and why you think the coin aligns with that. Otherwise: + +SHUT THE FUCK UP. + +If you don't, you'll start spreading FUD and lies, it's inevitable, the second you decide to trash another coin you're going to do it as a way to feel superior regardless of how good or shitty your investment is. + +I'm done. +I’m Head of Maths at my High School. For some time, I have wanted to start a “Stock Market” club whereby I would educate students about the stock market and start them with virtual funds and run competitions, discuss investment strategies etc. I wanted to discuss all things stock market but have the students invested in it with virtual money. + +I’ve really struggled to find an appropriate platform. I want something as easy to use as Trading212, but don’t think it would be appropriate to ask 12-18 year olds to open a Trading 212 account, nor if that would be legal in the first place. However, T212 has the “virtual/practice” aspect to it that I am looking for. + +There are programs aimed at schools “The Stock Market Challenge” but it is based on made up stocks etc. I wanted my students to have access to virtual monies and invest in the U.K. and US markets through companies they are passionate in and have researched. + +Can anyone recommend the best way to go about doing this? Something intuitive and is appropriate for students to use. A phone app would be a plus. + +I appreciate any advice - perhaps someone has done something similar? I have checked out a virtual account on the London Stock Exchange website itself but it wasn’t very good at all. +[https://www.ft.com/content/7dd0dd44-1614-475e-b272-c5dd4c206582](https://www.ft.com/content/7dd0dd44-1614-475e-b272-c5dd4c206582) + +"British digital bank Monzo is raising a new round of cash from investors at an almost 40 per cent discount to its previous fundraising, highlighting the pressure the coronavirus crisis is putting on private tech company valuations. + +The bank is close to agreeing a deal that will value it at around £1.25bn, compared with the more than £2bn valuation secured at its most recent funding round last June, according to several people familiar with the negotiations. + +The sharp drop highlights how the pandemic is challenging unlisted tech valuations as growth slows and venture capital funds become more cautious about backing lossmaking companies.  Monzo plans to raise between £70m and £80m to see it through the coronavirus disruption. This would secure its cash position into the second half of 2021 when it will have moved closer to profitability. + +The deal is expected to close within the next month. One person involved in the discussions cautioned that the final value and amount raised had not been confirmed. Monzo declined to comment." +When visiting California this past summer, a whole bunch of gas station were cash only or that they only accept debit cards. Is this more prevalent in the West or is this where gas stations are heading in the future to cut costs? +Just wanted to highlight this, because today I saw a post with some guy posting his buddy's 5 DRSed shares because he was convinced it wasn't worth posting. Immediately after, I saw another post with 25 DRSed shares and the OP saying it was an embarrassingly small number. If I was an X holder, this post would discourage me from DRSing and make me feel like my number was too low to make a difference. + +I'm asking you all to be mindful of your language. I love seeing posts with 1 share DRSed and a title like "GET YOUR RAINCOAT ON HEDGIES CUZ THIS WHALE ABOUT TO MAKE A FUCKIN SPLASH". This is the encouragement X hodlers need to DRS. + +X and XX hodlers, don't feel bad about your numbers. Pound your chest with pride because you are the fucking WHALE. Every single share (even fractional!) matters. Every single ape matters. Brick by Brick. + +Buy. Hodl. DRS. + +🧘‍♂️🦍💎🙌🟣💍♾️🏊‍♂️🚀🌙 +My aadhar is in the default state (no biometric lock) and I've been [hearing stories](https://economictimes.indiatimes.com/tech/internet/watch-out-aadhar-biometrics-are-an-easy-target-for-hackers/articleshow/61183055.cms) about how your biometrics can be misused and it's important to lock it. I want to know if these stories have any substance or it's mostly just fear? From technical perspective, I have a few questions: + +1. Have you already enabled the lock on your aadhar biometric? What's the best way to do it? +2. How difficult it is for the average hackers to misuse your biometric? +3. Are there any cons/issues after enabling the biometric lock? Like your normal OTP verification will continue working as it is, right? +I started reading about real estate since July last year and finally feel confident enough making moves and interviewing people for my team. My impression was that as a new investor who has zero properties under her belt, no one would actively try to find deals for me or work with me and any good real estate agent probably wouldn’t have time for me. + +Well today I am elated because I think I’ve found a rockstar lender, agent, and property management team. My agent is tech savvy and through their platform I am able to indicate whether or not I’m interested in something. Through this platform I showed that I was interested in a property that went on the market today . I had no expectations that I would get a call or any contact from my agent but that I would just keep it in mind for later. Well turns out my agent called ME , looked at the property already, ran comps, and gave me rental and rehab estimates .... and I didn’t even have to ask him to! + +And if that weren’t enough I interviewed a lender today who discussed with me based on my current situation I may not qualify for loans due to my DTI. But instead of leaving it at that , they stayed on the phone with me for 40 min to creatively problem solve and now we have an action plan to get me pre approved ! + +Like what? I thought it was going to take me a lot longer to find great people to work with. I’m just so happy but have no one to share these wins with because no one I know loves this stuff as much as I do so, alas, I thought I would share with the internet. + +If anything I hope my experience encourages some new investors out there that you CAN find some great people to work with even without a ton of experience or track record. + +Thank you for reading. + +TLDR: new investor, found a rockstar team to work with when I didn’t think it was possible. Time for take off! +Good Idea or no? +I see Trailers all over the place for sale for around $15,000 to $25,000 and in decent condition. +And that includes the lot. + +Now, I've never owned a home because I like my minimalist Apartment lifestyle, but want to rent out to tenants as a means to having passive Income. + +In my area Trailers like the ones Im looking at can net up $800 a month or more in Rent from being close to Town. +If I can get my mortgage payment way below that would it be a good idea? + + +EDIT: +1 more question, lets say the Tenant stops paying Rent and I have to kick him out. +But I then, wouldn't be able to afford the Mortgage. +How would I protect myself until I find a new Tenant? + +EDIT: I feel like the answer I'll get to that is. +"Well, you should be able to afford it before investing". +But lets say I cant anyways. + + UPDATE. +I went through and read all the replys. +Thanks, Very Helpfull. +Seams like most think that Owning the land is a smarter Passive Play than the home itself. +So I think I'll try my hand at that. +I’ve been a long time lurker of this sub, and I’m currently in the process of testing some of my hypotheses. I don’t have any association with Quantopian, and strictly use it to test out some of my ideas before pursuing them further. I consider myself a beginner and come from a programming background, so learning the language of finance has been where most of my time has been spent in the space. As a beginner, running through strategies on Quantopian, I realize how discouraging it can be to try, try, try, try and try again different ideas that just fail in backtesting or practice. I love how the principle of Occam’s Razor constantly looms over this field. Anyway, through learning I came across this [video](https://m.youtube.com/watch?v=7PyKtUvuHNU) and I think it’s incredible. It’s actually an entire series but this video shows how simple a hypothesis can be. The video is a step by step process of for developing an algorithm, but the main takeaway is that the strategy that worked. If you don’t watch, all the strategy consists of is the measurement of the percentage change of the forecast of analysts on earnings. Replicating outside of Quantopian might present its own challenges, but if you are someone who is down, check this out and it might help you rethink how complicated your strategy needs to be. +u/Criand and the many others that helped contribute to [The Theory of Everything](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) astonished me, and unless you prefer to keep your brain smooth, I highly recommend reading it before you do anything else. I have been following the "meme" basket of movies, retailors, cell phone makers, etc for some time, and originally theorized the movies and other memes were part of a hedging strategy to offset GME shorts, and became pretty convicted this was the case after analyzing [the trades on 6/2/21](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3). However, after the latest on the theory of everything, it seems much more probable hedging is probably only a small part of the correlated moves, as these positions have been packaged/collateralized, sold as portfolio swaps, and leveraged to the max. While we won't know for sure until bailouts are issued, we do know this is standard operating procedure on wall st. Just about everyone from 08 is still around (with far more AUM), and the moral hazard issues that lead to the 08 crash have been further removed by relentless FED intervention that encourages taking systemic risk, as anything less won't get you a bailout when 💩 hits the fan. Besides, Kenny's history continues to repeat itself, just browse the 59 SEC/FINRA violations from 💩a🔔 if you're looking for more [PROOF Kenny doesn't change.](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +&#x200B; + +I "quanted" to test u/Criand's portfolio swap theory, and was inspired by u/gherkinit to put a VWAP (Volume Weighted Average Price) hat on. I used [Market Chameleon for the data](https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP), so no guarantee its 100% accurate, but should be close enough to draw some conclusions. Additionally, since VWAP is the average price based on where things actually traded, it gives a great look into what happens during each trading day as prices move around to help smooth out fuckery like when they [BANG the close](https://www.reddit.com/r/Superstonk/comments/oxdd1x/dear_sec_on_8321_gme_stonk_was_blatantly/?utm_source=share&utm_medium=web2x&context=3). So here is the raw correlation data of the daily percent change of a hypothetical LMAYO (Leveraged 'Meme shorts' About to Yeet and Obliviate 💩a🔔) Portfolio - + +[LMAYO Portfolio Single Asset Correlations - Daily VWAP Change YTD](https://preview.redd.it/6t2grj0jokj71.png?width=449&format=png&auto=webp&s=ec545078bd13e80c364d2791106c3a6f514b0807) + +Below is a chart showing the data YTD, with GME daily VWAP % Change as the X-axis, and all others on the Y. I've highlighted 🍿 and added an equal weighted LMAYO average - + +[LMAYO Basket - GME VWAP Correlation R2 = 0.7023](https://preview.redd.it/1ya5h4w2qkj71.png?width=842&format=png&auto=webp&s=69b3f66e074c1d6f80007eaced6d5aded85299e4) + +Now, does this prove the LMAYO portfolio exists? I think it's statistically impossible for it not to exist based on my 'dumb money low lizard fuk' data. How do I come to that conclusion? The strongest correlated assets to GME are 🍿 and Express, each giving a R^(2) around 0.57. Individually, these assets are correlated enough to impact VaR (Value at Risk) models, and minimize hedging/margin call risk if the holder was short GME and long the other stonk. **However, looking at the entire LMAYO basket vs GME, that correlation becomes stronger. SIGNIFICANTLY STRONGER!** Take the sqrt of 0.7023 (damn, almost 69) - The basket and GME are 83% correlated during the trading day. + +&#x200B; + +Now, let's take a closer look at what happened on June 2. During the trading of 6/2, 🍿 was on its way to the 🌙, and trading got halted in the middle of the day. Take a look - + +[6\/2 Tape of 🎮&🍿 - Take note of that amazing pink🍆](https://preview.redd.it/ooc2n1cyrkj71.png?width=1742&format=png&auto=webp&s=bdc99cde3298f6cb51190c2b07bc62f94d302da0) + +Before growing enough wrinkles to understand the LMAYO portfolio, and the additional leverage a ETRS (Equity Total Return Swap) and Portfolio Swap could create, while also using futures to hedge, I thought this was the smoking gun of my "hedge trade" thesis, as I stated in the [6/2 Post -](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3) + +*" If there was ever a smoking gun what 💩a🔔 is doing to ward off a margin call, this is it. During the halt, the main vehicle Shitadel has been using to hedge their GME short went away, right before one of the most important times in the day that institutions use in calculating counterparty VaR and margin needs. GME goes parabolic, because they couldn't hedge the short by purchasing AMC stock, they actually needed to start covering, and that volume spike gives all the confirmation anyone should need to infer some serious forced buying started. The exponential price rise continued until the moment AMC reopened. The HFT algos across the markets are currently programmed to respond to AMC price dumps with corresponding price dumps of GME, and the moment AMC reopened, 10 million shares were dumped, bringing AMC down over $10 in 2 minutes (hmm, recalling GME on 3/10 🤔), triggering another trading halt, but effectively stopping GME's exponential price rise."* + +This was back when I thought there was still some sanity and logic behind what's happening. While there is a chance there was some hedging activity at play, it seems much more likely Criand is right, the SHFs and MMs have made the LMAYO basket, created portfolio swaps on the basket, and used those baskets to further leverage the LMAYO portfolio short through those swaps. In fact, I think we can use 6/2 to even estimate the holdings, at least between 🎮&🍿. + +* During the trading halt highlighted above, GME traded \~1MM shares as price went parabolic, roughly 6% of the day's volume of 16MM shares. Lets assume 333k/min for simplicity. +* In the minutes prior to the 12:25 🍿 halt, GME was trading \~75k shares a minute, while 🍿 was closer to 3.5MM/min. +* The difference in volume during the halt vs non halt, since this is a rough estimate anyway, I'm going to assume 250k/min. In other words, a removal of 3.5MM shares a min of 🍿 trades led to an increase in GME shares traded of 250k/min. A simple ratio of this two - 3,500,000/250,000 = 14. +* I think it is safe to assume off the maffs the **LMAYO basket has 14 shares of 🍿 for each share of GME.** +* Using simple market cap as of 6/1, GME started the 6/2 trading day valued at \~$17B, while AMC was \~16B, assuming 70MM shares GME and 500MM shares🍿. This is close enough for a rough estimate to feel confident the amount of the GME and 🍿 shares held in the LMAYO swaps is likely around 14 AMC shares for every 1 GME share, with a value close to being equal weighted, making the equal weight analysis of the LMAYO valid. I don't have the data or time to analyze the other stonks in the LMAYO swap, but I don't think it changes anything material in the analysis either way. + +&#x200B; + +**TA/DR -** u/Criand most likely solved the puzzle, data supports the LMAYO portfolio swap theory, 🔔a💩 and the other members [of the Volton Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) are fukd. Buy, HODL, 💎🖐. This is not financial advice. + +&#x200B; + +BONUS CONTENT - Hell Yeah u/yelyah2! As she shared yesterday, [The GAMMA SPIKE IS BACK](https://www.reddit.com/r/Superstonk/comments/pb2u5i/the_gamma_spike_is_baaaaaaacckkkkk/?utm_source=share&utm_medium=web2x&context=3) \- Buckle UP APES! Feeling discouraged we closed red today? Don't - Hedgies r FUKd! Why? Although from yesterday's close to today's close, we lost $10 - the VWAP from yesterday to today shot up from \~199 to 208, gaining over 4%. While the hedgies fought all day to scare you into 🧻🖐, they couldn't pull it off, and probably ended up creating millions of new synthetic shorts they will need to cover. While on the surface it may look like they won today's fight, taking a closer look you can realize they spent millions, if not billions, today, and they still lost. Oh, also, we never even breached the gamma max price point from yesterday around $190, and instead of trying to minimize their gamma exposure, they created more of it. For all those that like to bet on doing weird things with food, fair waring, if we see upward momentum return tomorrow, the added gamma pressure from not covering today makes a return to $300 much more likely, in a very short time frame. 🚀🚀🚀🚀🌙 + +EDIT 1 - More proof, if you're tits can handle it, that our favorite pomeranian dropped 🔥 - https://www.reddit.com/r/Superstonk/comments/pbshru/irrefutable_proof_of_ucriands_subprime_meme/?utm_medium=android_app&utm_source=share +I'm a 31M FANG engineering manager (TC: 550K-600K, Networth: ~1.5MM, SF bay area). I've been hating my job lately because of the bureaucracy / pointless busywork of a large corp, and a lack of space for me to move up. Having said that, I'm comfortable, and my role isn't all that time-consuming (work 35 hours a week). + + +I received an offer from a Series A startup as an individual contributor. Technically this is decreased scope, but the company doesn't really need managers right now. I'm not sure if that matters but if I do want to be a people manager, it would be hard to get back in with only 1 year of EM experience. The offer is reasonable (170K, 0.50% equity), but based on my calculations I'd need the company to become a unicorn just for me to break even (albeit with capital gains tax treatment instead of earned income). I liked the founders and engineers I talked to. I like the work a little less than what my team does now. + + +Financially, should I stick it out for the guaranteed comp? By my calculations, I could retire in less than 20 years with 10MM semi-guaranteed (not counting spouse income/networth). Obviously, life happens, but my point is that I'm on a path to FatFire with no risk. Having said that, there's substantial upside from the startup. 1 billion valuation is breaking even, but 2 billion cuts my FatFire time in half. And if it isn't panning out after the first year, I can jump ship. When I look around at my former classmates, most of them are at a startup of some sort. +https://www.cnbc.com/2019/12/12/stocks-are-set-to-add-to-thursdays-rally-as-us-and-china-near-signing-of-trade-deal.html + +U.S. stock index futures trimmed gains on Friday after President Donald Trump tweeted a Wall Street Journal report on the U.S.-China trade deal is “completely wrong.” +It's world known that the U.S government is one of the most powerful and questionable governments in the world and they squeeze the U.S citizens for every cent that they can, and if you so happen to find a way around that chokehold they have on you, they just implement even worse laws to regain control of your assets. + +We onlook from our own countries hoping that you muster enough votes to stand against these destructive laws and keep your rights as investors and crypto traders. + +The Crypto world is feeling your pain and we stand with you against the "big brother" tyranny of your government. Stay strong and work hard against these chains they want to put around your digital assets. + + +Lots of love and tendies from across the pond ❤ + + + +Edit - To clarify, this isn't a "high horse post" because believe me, my government isn't any better. This is a post to tell the American investors that we stand with you and watch in anticipation, we disagree that your government is trying to violate your rights as investors and we understand that the standards that they set will surely effect the rest of the world. +Remember your money, your choices. + +Even more love and tendies coming your way America ❤ +A lot of people showed interest. So here's the deal. I'm handicapped and a Dad. So it'll take me some time. + +I don't just want to blurt out recipes without making sure they fit the needs of the community. I think it would be incentive of me to put up a recipe with ingredients that are expensive or just not available to everyone. I will probably retest them once before posting, just to make sure they taste good, and are easy to make. + + If people ask me for a small video, I can manage that. I use tools like a Kitchen Aid and a Instapot sometimes. This isn't to show off, I'm very handicapped. This is to avoid joint pain, and injury, please don't take it personally. + +I just want to share as much information as possible. Already got a good recipe from someone.😁 I know I'll get great ideas from you all so please share. I have gone to recipe books and stuff, but honestly there seems to be a lot of filler recipes in there that aren't realistic. + +I'll share my shopping tips as well. How to get Chicken at .30$/pound or never pay over 1$ for a bread product, even the healthy 12 grain one. + +If I get just 20 upvotes I'll know it's worth doing. +Hey guys! I've decided to start publishing some of my screening and analysis to contribute here and solicit feedback, here goes nothing! + +&#x200B; + +**Overview:** + +I'm screening \~300 different tickers to identify those with potential to profit off of a put credit spread. The initial filtering is done based on 8 criteria and values I have listed below. After that I look to the daily chart, IV data, and premiums to see if anything tickles my fancy. If you have any suggestions/comments feel free to let me know, I believe strongly in constantly evolving the process! Suggestions of new securities to check out are welcome also. + +&#x200B; + +**Goal:** + +Open a put credit spread on an underlying that will stay level or increase in price prior to expiration. + +&#x200B; + +**Filter Criteria** + +Trying to find securities that are generally trending upwards in a steady manor. Ideally they're down from 3 days ago and pulling back toward the SMA20, ready to bounce slightly. Liquidity and IV both should be relatively high and ideally no earnings calls coming up during the duration of the trade. If all 8 of these criteria are met they will be flagged as "Interesting", if 6 or 7 of the criteria are met they will be flagged as "Mildly Interesting". All securities that are Interesting or Mildly Interesting will then be investigated further. It is important to keep very strict criteria, these don't guarantee profit but they find securities that I personally believe fit my strategy and risk level most closely. + +1. Underlying Price: $50+ +2. Underlying 3D trend: Negative +3. Underlying Price relative to SMA20: +/- 5% +4. Underlying Price relative to SMA50: Above SMA50 +5. RSI: <70, not "oversold" or close +6. ATM Implied Volatility: >50% +7. IV Rank: >50% +8. Options Volume: >30,000 + +&#x200B; + +**Trade Attributes** + +1. Spread: $5 or $10 depending on the upward trajectory and underlying price +2. DTE: 30-45 days +3. Sold Put Delta: \~30 +4. Earnings: None during trade duration + +&#x200B; + +**Exit Strategy** + +* Immediately set a GTC order to close the position at 50% profit + +&#x200B; + +**FAQ** + +* Why use a put credit spread, why not a cash secured put? + * The underlying securities that I'm tracker are not necessarily ones that I would prefer to own long term. This specific strategy centers around identifying securities that will hold their value or increase within the next 30-45 days + * Limited downside risk if I'm wrong, I'm not evaluating these securities to potentially hold longer term +* Why sell at 50% profit instead of waiting until 100% at expiration? + * A la TastyTrade, due to theta decay and potential underlying price increase I'm looking to close out 50% profits within the first \~15 days of the trade. Theoretically this allows me to collect 50% of profits 3 times within the targeted 45 DTE +* What tools do you use for filtering and analysis? + * Google Sheets for the initial filter + * [https://docs.google.com/spreadsheets/d/1JEq9rtzUO8zNw\_cfcg01vd2lNzfipCJSiB4C8P7DhUw/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1JEq9rtzUO8zNw_cfcg01vd2lNzfipCJSiB4C8P7DhUw/edit?usp=sharing) + * [Tradingview.com](https://Tradingview.com) for charts + * [Barchart.com](https://Barchart.com) for options data + * [SwaggyStocks.com](https://SwaggyStocks.com) for IV analysis + * TastyTrade for setting up my trades + +&#x200B; + +# 2/14 Results: + +* Total on watchlist: **297** +* Interesting: **0** +* Mildly Interesting: **8** + * **NIO, PLUG**, and **FSLY** both have earnings within the next 30 days so they're out + * **PTON** looks decent with a bounce of SMA50 recently, however, IV is incredibly low so premiums are low + * **BLNK** looks decent, it's riding the SMA20. ATM IV is high, however, it's low IV Rank. Still decent premiums so I might play this + * **NET** chart looks decent but it just got IV crushed and had a terrible earnings report + * **ROKU,** I'll wait for it to drop closer to the SMA20 for an entry point after earnings is released + * **PLTR** looks great except for earnings early this week. Depending how that goes I'll look at this again later in the week or early next week + +&#x200B; + +**Summary** + +I'm going to come up with a position for BLNK which is currently trading at $51.43 with 3/19 expiration date. Likely sell the 45 strike and buy the 40 strike. Currently 1 contract with this will net $203 credit with max loss of $297 and a B/E of $42.97. This B/E will be around the SMA50 which should hopefully act as a support if the price drops further. + +https://preview.redd.it/6dqzidxxpjh61.jpg?width=2707&format=pjpg&auto=webp&s=5e74fc32706997956a3712919b17889a8cfab6b5 + +Edit: Formatting, also fixed a formula that resulted in PLTR and ROKU being added to the "Mildly Interesting" list + +Edit 2: ROKU also has earnings coming up, thanks for point that out + +Edit 3: Wow! thanks for the questions and support everybody. I posted a link above to the Google Sheet that I've setup and included some instructions as well as a "criteria" tab where you can adjust values based on your risk tolerance and strategies. As always, suggestions for improvement are welcome. + I'm thinking about specific items, not just categories, like food. It could be a hobby-or sport-specific thing too. Alternatives could also be things that allow you to produce that item yourself, like expensive bread->bread machine. +Does anyone have advice on living between 2 cities? + +I found a group that I like in NYC that meets on Thursdays, so I'm thinking about visiting there from Wednesday-Thursday-Friday between May and October (as the weather should be good during those months). I plan to stay in a different neighborhood/hotel for each visit. + +I prefer short ~~trips~~ vacations, as I still have some unfinished business in Los Angeles. + +ETA: I will hopefully retire by the end of 2022 and can travel more freely afterward. +I mean we should be a community and help each other. I say ‘should be’ as everyone here is suspicious that all posts are just to farm moons...and that’s quite hilarious...one cannot ask a simple question (on this subreddit - because of moon farming) and he is beloved to be a farmer...the war on moons 😂🤪😂. + +By the way I give moons to every post just because, as I said before, I’m happy if you guys can fix your lives. Even to the moon-farmers, I can’t care less. + + That’s it. I expect a lot of downvotes and crazy comments (like: “this is what someone who’s looking for moons would say”...well think what you want and simply do not give moons if this is your thoughts, I don’t even know what to do with moons. I have eth, btc and I’m DCAing...so...). + +Sorry about my English. +Other than any cash we hold not being worth as much and products becoming more expensive, what will this rise in inflation mean? Is there anything we can do to counter it? Do you expect it to rise further? And what is the impact on any investments? +I see a ton of misinformation on this sub. Suggesting that because an investor is young they should be more focused on Growth stocks vs. Value. This is categorically false and based on recency bias. Yes growth outperforms when interest rates are effectively zero. Because discounted cashflows will favor earnings tomorrow. The opposite is true when rates are higher, we shift our focus to current earnings and pay a premium for cashflows today. Despite growth shining the last decade, value has still outperformed on a 50 year look back. So please, quit telling young investors they should be favoring growth stocks because they are young. They should be focused on growing their portfolio and investing in companies with strong balance sheets, who pay consistent dividends, who are fairly valued or discounted compared to their intrinsic value (VALUE STOCKS), is how you do that. + +Value investing is like hitting doubles in baseball. By virtue of getting on base at a high percentage, you're going to win alot of baseball games. Alternatively swings for home run growth stocks is going to get you points but you're gunna have many strike outs along the way. + +https://preview.redd.it/6upgnnq8d0d91.png?width=1359&format=png&auto=webp&s=be8c84c8e9952606b0593236763901fa6b1ed0af +I did it. I finally did it! I never thought i'd actually make it. It felt like such a giant mountain to climb but i finally made it. No more car loans, no more credit cards, no more rental agreements (for products), no more buy now pay laters. From this day forward every dollar i earn is MINE and ONLY MINE! + +To give you all a rundown here's how it all began. Some of the dumbest choices i made in my 20's. For context i'm 29M now. + +September 2015 at the age of 22 i made a really stupid choice. I got a credit card. I started with $5000 on it and thought i would be able to manage it. And i did manage it for the first 6 months. Paid back what i spent on it on time, no issues right? Well, my smart brain thought it would be a good idea to up the limit to $9000. I maxed it out pretty quickly after that and struggled since to pay it back. I was getting hit with $220+ a month interest + fees. + +In July 2016 i went and got my car loan for $21000 on a variable interest rate. Because i thought "well if its variable and i can pay it off quicker with no penalty, what's the harm?!" How wrong was i... Cue me paying $387 a month until January this year. + +In 2017, my friend introduced me to Zip Money. I thought the idea was brilliant, so dumb me signed up for $3000 and i did well keeping it paid but after 2 years i slipped and maxed it out only to be hit with $87 a month interest after the free periods ended. + +In 2020 i used a rent to own service (polygon) to rent out some camera and audio gear for a youtube project i was working on with a mate. We were getting decent views and while the monthly repayment was about $96 total each it was still something sitting at the back of my mind. + +In 2022 after paying off my car loan with some money i got from a deal i had with facebook gaming (i did streaming in my off time for a few years, that's a whole other story). A month later I decided to upgrade all my DJ gear as my current stuff was 8 years old and falling to pieces. I used the Polygon Rent to Own service again to rent out another $4500 worth of DJ gear. I had already bought one of the decks outright that i needed, so i only "rented" the second deck and the mixer. The payment was $222 a month. I had basically swapped one loan with another... + +However, it was not until late April where i finally realized what i had done. Sure, I had a small win earlier but i had not learned a thing. It was around this time i found out my mother had been diagnosed with cancer and I'd be lying if i didn't get the biggest reality check of my life when i found this out. It was like a light switch flicked in my head and i knew i had to act. Everything around me became so clear. I was earning 86.7K a year on a monthly salary of $5522 and living paycheck to paycheck while being $17000 in debt. I was losing almost $800 a month just on repayments alone, blowing $800+ on uber eats etc. Not saving a cent for myself. I had to change. + +So i found the book "The Barefoot Investor" and before i continue, no this post is not a plug for it. I have not even finished it, i got up to the "domino" your debts part and stopped because that was what i had to do. + +So i read the part about clearing your debts and it all just made so much more sense to me. I was about to get paid for the month of April so i swore to myself i'd put some away. I managed to put $1200 away that month and i left it there. The next month it went to $3300 and then over $6000 the following month later. By the end of June i had over $6000 in savings. I could not believe it. I had been budgeting hard for the last few months cutting every cost i could. When my tax return came back (I WFH so i claimed everything i possibly could) i dumped it all on the credit card. Every last cent. I did not leave any of it for myself. By mid-July i had paid off the credit card in full with some money left remaining. + +I kept at it. By Mid-September i had paid out the DJ Gear i was renting in full. $4000 was the repayment on it. I went down to PAX in October and went a bit harder than i should of, Blew some money, had some fun. But i factored in i'd be done by the end of the year. Last week i paid out the zip money which cost $2700. And today i paid off the remaining of my camera/audio gear which was around $2200. + +So over the space of this year i paid off a total of $22,000 in debt. A mountain i thought was near impossible to climb. I spreadsheeted hard, cut every cost i possibly could. In April i was paying $200+ a month in subscriptions! Now its under $40. To give everyone a brief summary here is what the final pay-outs were like for everything. + +* Car Loan $4000 +* Credit Card $9000 +* DJ Gear Rental $4000 (part of my repayments came off the amount remaining) +* Zip Money $2750 +* Camera/Audio Gear $2250 (part of my repayments came off the amount remaining) + +Total: $22000 + +I hope my story inspires others to try and tackle their debts. I felt like it was impossible but i overcame and finally did it. Finally, i can start the next journey that is saving for a home. +This is a psychological game at this point. We like the stock, and the math is telling us that they are fucked. + +Do yourself a huge favour and don't freak out until this starts getting at least into the hundreds of thousands of dollars per share. + +Like they say, if you can't handle me at my squizzle, then you don't deserve me when I squozle, so let's all just put up our feet and enjoy an ice cold Carlsberg, this is just the undercard. + +Edit: I should say, excitement is good, just be in control of your emotions is all. +Last Edit: he did it: https://www.reddit.com/r/wallstreetbets/comments/msblc3/gme_yolo_update_apr_16_2021_final_update/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +More edit: I regret not putting a “May have” in the title. DFV May have went all in. +Edit: I should probably say this is speculation not a given. + + +Tweet time line: + +First tweet is a pic of Matt Damon in Rounders. A movie about high stakes poker. The last game they play is NO LIMITS Texas HOLD'em. Also a quote, " I sat with the best in the world, and I won". Also what do you do if you think you are going to win a hand in poker? You go ALL IN. + +[Rounders](https://preview.redd.it/vpdrta3audt61.jpg?width=617&format=pjpg&auto=webp&s=b59abccff6f154328a2e322539a9f819619760d0) + +Next tweet is about the VOLUME being turned up to 11. This is 30 min before the spike of the GME at 2PM. I believe its from a movie called Spinal Tap. A comeback story of a British Rock Band. + +[VOLUME as in STOCK VOLUME](https://preview.redd.it/k7dm218kudt61.jpg?width=622&format=pjpg&auto=webp&s=12b0f299c5649ab2797171ec43feb09ee01e9bf4) + +Up next is a tweet about being a Wildcard. I think he has more money then we think he does and was about to go all in. Soon after this tweet, we see the volume of the stock go up! + +&#x200B; + +[Wild Card](https://preview.redd.it/ffsces7uudt61.jpg?width=629&format=pjpg&auto=webp&s=0d71d24429c4b94416109313e7c97fb98a3e5f9f) + +&#x200B; + +https://preview.redd.it/82gzb3bqwdt61.jpg?width=349&format=pjpg&auto=webp&s=33dab82d5dd668b12af0c7f86a98595778232cba + +The next tweet is a clip from Happy Gilmore. On the green on a par 4. Super LUCKY. u/DeepFuckingValue is feeling LUCKY. (this is probably my weakest translation. Maybe somebody can help me out a little). EDIT: [u/successful\_Racoon33](https://www.reddit.com/u/successful_Racoon33/) pointed out HAPPY GILMORE = GOING REALLY LONG!!! Edit 2: u/laurajr0 points out Happy Gill More. Also, u/soft-J points out Happy Gilmore is and amateur who went up against professionals. + +&#x200B; + +[Happy Gilmore](https://preview.redd.it/487pqwe6vdt61.jpg?width=630&format=pjpg&auto=webp&s=baff44df482eac80949fa32555ce0a37502af4fd) + +Next tweet is from a scene in a movie. The letters highlighted is A A T G T A C. The scene is from GATTACA. If you jumble the letters around that was highlighted you get GATTACA. Wanna know what this movie is about? SPACE TRAVEL. The scene GIF finishes by saying "I NEVER SAVED ANYTHING FOR THE SWIM BACK". HE JUST TOLD US HE DIDN'T SAVE ANYTHING. HE WENT ALL IN AND GOING TO SPACE. + +&#x200B; + +[\\"I NEVER SAVED ANYTHING FOR THE SWIM BACK\\"](https://preview.redd.it/by8uv72svdt61.jpg?width=644&format=pjpg&auto=webp&s=f67412a7c3102cd07738b4ffbb432ab87f539abd) + +u/DeepFuckingValue you are our inspiration. THANK YOU FOR NOT GIVING UP BACK THEN SO WE CAN SEE WHAT YOU ARE SEEING. RETAIL WOULD HAVE NEVER BEEN ABLE TO DO IT WITHOUT YOU SO THANK YOU. + +&#x200B; + +TLDR: DFV just YOLOED all his money. Maybe. (That’s an edit just like the top) + +Another edit: to whomever gave me the platinum, Thank you. Now I no longer have to see Montly Fool advertisements every five posts for the foreseeable future. +I've been following semiconductors for a while. There are some great growth semiconductor names out there. But I never in my wildest dreams thought it would be possible to buy AMD for less than 30 times earnings. That's it. +Value investing is inherently contrarian by discussing ideas that are unpopular. It is quite ironic because it means that the more interest a post on this sub gains, the less likely it is to follow the set of principles of an un-popular investment laid out by Graham & Dodd. + +&#x200B; + +* Putting your money in ridiculously expensive and unprofitable clean energy companies is not "investing," it is dangerous speculation +* Stop pasting youtube videos encouraging speculation rather than fundamental analysis +* Understand what attracted you to this sub in the first place (high-quality posts and engagement) + +&#x200B; + +I remember when r/investing was a small, high-quality sub. Then it became too big and went to shit. I went to r/SecurityAnalysis but alas it grew and became kind of shit as well. Please don't let this sub follow the same fate. + + +EDIT: It seems other people feel the same way. Sort your posts by new and downvote stuff of either very low quality, people promoting their shitty YouTube channels and any other garbage polluting the sub +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! + +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? +# How deep is this going to go? + +Although a much smaller developer it seems like every few days we are hearing of new defaults and growing pressure on a key area of China's economy. + +Bloomberg: + +" + +[Sinic Holdings Group Co. ](https://www.bloomberg.com/quote/2103:HK)became the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group Inc. will meet overdue interest payments on dollar bonds this week. + +Sinic’s credit rating was lowered by S&P Global Ratings to Selective Default from CC after the company [failed](https://www.bloomberg.com/news/terminal/R182H9T1UM15) to repay the interest and principal of its $250 million note due Monday, according to a statement dated Tuesday." + +" The strain on real estate companies add to a string of broader risks for China’s economy, which depends on the real estate market for about 30% of gross domestic product. Home prices fell in September for the first time in six years, while real estate investment slid for the first time since last year. " + +[https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads?srnd=markets-vp](https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads?srnd=markets-vp) + +[https://finance.yahoo.com/news/chinese-developer-sinic-defaults-amid-022709836.html](https://finance.yahoo.com/news/chinese-developer-sinic-defaults-amid-022709836.html) +I bought all the crypto in Robinhood. +I found it to be too volatile for me. +My friend made a lot of money on Bitcoin. But I lost money. +Put it in monthly dividend stocks. +I like the monthly returns to reinvest. +Less stressful than crypto and more fun. +This may be a stupid question but in my area home prices are up through the roof right now. My friends just tried to buy a house that before covid would have gone for $400k or so. Now it's above 6, my friend offered $30k extra and got turned down because there were 35 other applicants. Condos are at least 75% the price they were a few years ago. + +While the market will cool off, I feel like practically the only way that housing stock will increase (and prices drop), is slowly as older people who own homes die or retire to other places. I'm not sure how someone who just dropped $600k+ on a house is going to go back to renting any time soon. + +So, even though obviously people are buying for covid-related reasons, isn't this a bad investment long term? I feel like a lot of people are going to try to sell their house in 10, 20, or 30 years and realize that the price hasn't gone up, if at all... +I would like to share some very in depth due diligence done by someone not on Reddit but is of extreme value to many people. + +They are more active on HotCopper which I'm sure everyone here has heard of. I'll supply links for those who are interested can read about further, set aside a good few hours as there is a lot of info to get through. + +Firstly, a primer on the background of the company, management, and the oncology drug they're reviving can be accessed here - [RAC Primer.](https://hotcopper.com.au/threads/rac-primer.5627186/#post-47378954) + +Secondly, FA analysis of the market and further peer comparison with a downloadable PDF accessed here - [RAC FA.](https://hotcopper.com.au/threads/race-oncology-fa.5499225/#post-45836955) + +Thirdly, about Bisantrene and Race Oncology 3 pillar strategy with comparisons on the market availability oncology drugs and usability accessed here - [Peer Analysis.](https://hotcopper.com.au/threads/estimated-bisantrene-revenues-compared-with-oncology-top-5.5795792/#post-49305023) + +These links provide a huge amount of information and a lot to wrap your heads around so I hope everyone enjoys the read and the process. + +Also Mods, hope this is okay, IMO RAC is an undervalued company and because it is tightly held with a very small number of SOI it does not get a massive following. You'll see reading through these threads it's difficult to take a large position in RAC because people are holding long (18 months). Its MC is currently only sitting at $222m but that's because the last few weeks have been a bit brutal, true value should be multiples of this and there is a high probability of it reaching close to $1b in 12 months time. + +The buyout timeframe is within the next 12 - 24 months. I won't put what multiples as the above links provides a range of discounts and probabilities of success for each pillar. + +Enjoy :) + +\-------------------------- + +EDIT: Wombat has been so kind as to provide an update. The HC post can be accessed here - [HotCopper Thread](https://hotcopper.com.au/threads/rac-upside-promising-forgotten-cancer-drug-that-works.5891587/#.YByoddgzaUk) and the associated PDF accessed here - [Analysis PDF.](https://hotcopper.com.au/attachments/rac-upside-5-february-2021-pdf.2883401/) + +More info by an independent professional on LinkedIn, [accessible here.](https://www.linkedin.com/posts/chriskallos_race-oncology-asxrac-initiation-report-activity-6768047859473494016-eDcx/?fbclid=IwAR33rgFqBs7O-RrhoTED_zlUpnx2fwVdLvFSi4NxeEYMCm17EHIpgL2LVuE) + +Positive Early Preclinical Ovarian Cancer Results announcement, located here - [ASX Announcement.](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02344727-6A1021436?access_token=83ff96335c2d45a094df02a206a39ff4) + +Second FTO independent study identifies Bisantrene is a potent inhibitor - [ASX Announcement here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02363873-6A1028517?access_token=83ff96335c2d45a094df02a206a39ff4) and the journal article relating to it [POSTED HERE.](https://hotcopper.com.au/threads/pillar-1-fto-new-thread.5839654/page-681?post_id=52415505#.YHeS3mczY2w) Will have to search for the journal article from the title at this link. +I am a white collar worker working in New York city looking to buy my first rental property in an affordable location. I am looking at Atlanta/Dallas/Austin/Denver/ Tucson at this point which I think are within my price range, and have scope to appreciate as these places grow. + +My plan is to buy a condo close to the city and hire a PM to look after day-to-day operations. Condos in my initial research tend to be within 200-250k. I am preparing myself for a 20% down and 4% closing costs. + +My idea is to close out on total mortgage paying it from my salary along with net rent and treat future rent as passive income. + +Looking for any experiences from out of state passive RE investors. I currently rent in the city, this will be my first property purchase. Any pointers I need to consider as I start this journey. + +Thank you. +So I'm thinking long term about water. Clean water, water rights, droughts, etc. What are your thoughts on it? I have a few shares of FIW, and PHO right now. I think in the very near future, especially out west, water is going to become more and more valuable. Any other ETF's you would recommend? +I don’t have kids. However, my nephew is about 6 months old and I want give him something that is better than a typical baby gift this holiday and all holidays that follow. I want him to have a decent set up in the future. I was thinking $1000 starting principal with $250 annual contribution over 25 years. I like the idea a higher risk ETF for the first 10 years then move to a large blend ETF thereafter. Would love to know your thoughts on which ETF would be a solid higher risk ETF to begin? (Ideally something that doesn’t have an annual capital gains tax, or are all high risk ETFs leveraged? Pretty new to this) +I asked this in the FIRE sub but too many saying that’s unrealistic so I wanted to check here. Honestly that’s my plan. 75/25 stock/bond index portfolio produces about 1.825% per year TODAY. + +I’m not really fat fat like some here yet but I’ve got about 3.65 million invested. That’s 65k/year in just dividends which after about 3-4K in taxes is still over $5,000/month in spending without selling a single stock or bond. + +This is honestly PLENTY for me for now and actually I like that it puts some constraints on my life so I don’t get loosey goosey and get used to a $10,000/month life which is also supported at under 3.5% SWR. + +The idea is to get over the first 5-10 years with low spending and let compounding work it’s magic so the second half of my retirement will be even fatter if I choose to up my withdrawals to the 3.5% eventually. + +EDIT: Side benefit I just thought of is that you don’t have to have a withdrawal “strategy” while you’re just living off the divs. They just show up every 3 months while your index portfolio does its thing and keeps growing... +I don’t know how I got into this. Never ever saw my self in this position but over time I’ve managed to rack up around 10,000 on credit card debts. The minimum payments can be made till September and after that point I’ll have a budget of low 1000s for the whole of next year at university if i only make minimum payments. This is simply not sustainable for my degree. I’ve failed my exams this summer and I’m retaking them in a month. I can pass but the anxiety and depression is killing me. I CANNOT function at all. My day consists of me crying and the constant feeling of anxiety throughout my mind and body. I went to A&amp;E because I really thought of doing it. I simply can’t see a way out of this other than suicide. I won’t be able to work 20-30 hour weeks during uni to pay my debt. I’ve been crying for days on end now by myself in my room away from my family and friends. I literally dream of killing my self but after getting some help for drug addiction I actually feel a bit more hopeful for the future but this financial situation as far as I can tell is going to be the end of me. I would really like some advice please. I’ve learnt all my lessons and want to start a new life rather than ending it. I’m so sorry for my stupidity I’m just looking for some help. +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) +Hi everyone. + +I'm HODLing my coins for 5 years plus, which is great because I don't need to check the chart everyday as the rises and falls don't affect me. + +That's why I've signed up to multiple trading platforms, studied Wyckoff, enabled push alerts, open trading view every 4 minutes, close the chart, re-open it, read the latest crypto news, condemn bearish trends, avoid the FUD, check the sub-reddits, comment on every post, resist the FOMO, provide unwarranted technical analysis, evaluate impulse waves, predict future trends (incorrectly), check staking rewards every 30 mins, mark support and resistance levels, record trading volume, declare bull runs, track whales and erroneously declare that everything I hold is going to the moon. + +See, it really is so much easier to HODL. No sweat whatsoever. + +Thanks and see you all in 5 years :-) +My wife and I have 2 kids in daycare and we pay ~$2750 per month. We live in NY, which currently has a shelter in place order in effect, and we haven’t sent the kids in 2 weeks. We aren’t planning to send the kids back anytime soon. The place has remained open (considered an essential business) and one of our kids teachers texted my wife and told her that there are only a handful of kids showing up daily, and that her hours have been cut. + +Yesterday we received an April invoice for $2450, with a note that they have to continue to pay salaried staff and overhead during these times. + +My wife and I are debating how to proceed- do we suck it up and pay (basically the equivalent of burning cash in our backyard) or try to negotiate a further discount? Thanks! +I’d love to hear from those of you who currently live in NYC (and are planning to stay there) who are on the path to fatFIRE or meet the definition. + +I’d love to hear how you’re currently living: career, total income, NW, # of kids, which neighborhoods you live in, type of home (#bedrooms/bath, sqft, townhouse vs. condo vs. penthouse vs. brownstone, renting or buying, how much you pay), public or magnet or private or elite private schools, own a car?, how you spend your free time and what you do for fun, etc? Do you love it here and plan to stay? + +We are currently on our way to fatFIRE in NYC, but are looking to learn how others are making it in NYC. + +Thanks! + +EDIT: I would love to have a conversation about this topic (fatFIRE in NYC) from anyone who is willing to contribute rather than focus on schooling. Thanks! +Hi, I was wondering which YouTube Channels are best to watch for daytrading? Someone honest that really gives good advice and doesn’t just want to sell you a course or something. +&#x200B; + +https://preview.redd.it/p7ax6xdjpm171.png?width=1600&format=png&auto=webp&s=5d6b0f796524fd55169b33472a462480f1de6a7f + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/nadlij5lpm171.png?width=680&format=png&auto=webp&s=0ffb49b8064b6339dac769268dc4fabbadd47e47 + +Ok lets start off with a couple of obligatory things: + +1st because Ryan Cohen likes southpark this seems fitting + +&#x200B; + +[vote or die - p diddy](https://reddit.com/link/nm3v69/video/hzbrz554qm171/player) + +# Be sure to vote! + +Fellow mod u/nauaf101 made a good thread surrounding how to vote, what banks do what etc. + +be sure to check it out [here](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +Second our in house super big brain u/atobitt has written the banana opus be sure to give it a read + +[Citadel has no clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) + +[The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of cards part one](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) + +[House of cards part two](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) + +[House of cards part three](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) + +I've not personally had the chance to read the latest two parts but I do know these have been fact checked by u/dlauer and Dr T and it seems they check out! + +So this will make for an interesting read today! + +&#x200B; + +https://preview.redd.it/kh7m19bdrm171.png?width=960&format=png&auto=webp&s=130380e04f5dd28716058e233b881ad69901ded7 + +# They closed them in January? then how do you lose.... ooooooh + +In a recent Reuters article we can read that the short sellers have lost $754 million on Tuesday alone + +[https://www.reuters.com/technology/gamestop-amc-short-sellers-lost-754-mln-after-tuesdays-rally-ortex-2021-05-26/](https://www.reuters.com/technology/gamestop-amc-short-sellers-lost-754-mln-after-tuesdays-rally-ortex-2021-05-26/) + +I keep hearing about they supposedly closed their position, we see strange behavior with the stock (FTD cycles) deep money options accumulating beyond the float, glitches showing up which we hypothesise may be shares which may be the number of shares which almost become FTD + +This is far from over imo + +[Volume glitches](https://www.reddit.com/r/Superstonk/comments/nliz0i/volume_glitches_surrounding_t21_dates_finra_rule/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +But seeing we had some good days I need to remind everyone of my favorite leather bound book series + +&#x200B; + +https://preview.redd.it/gq8qomabtm171.png?width=460&format=png&auto=webp&s=cadb7774a0a19d6eaf4ce317b99a20c702f70941 + +it's not over till it's over, so until then expect everything can happen, the only thing we can know for sure is that the stock can go up, go down but one thing we know for a fact the line will go from left to to right. + +But until its over, all we have to do is wait and hodl. + +&#x200B; + +https://preview.redd.it/48lool9tum171.png?width=586&format=png&auto=webp&s=8e5fa530ccac6a54329e701cbce92fa0fc97a81d + +Let me do make it clear this is a cool thing that Ortex is reporting this but ortex also says gme only has a SI% of 17% (which would mean that for them to lose that much in the past 3 days the price would need to be 2k+) so take it with a grain of salt. all I know is that my college math professor would fail them.. hard. + +&#x200B; + +[after yesterday r\/superstonk waiting for the opening bell](https://reddit.com/link/nm3v69/video/ceg3gqo4sm171/player) + +# Reverse Repo... Again? + +&#x200B; + +https://preview.redd.it/1mfirg4pum171.png?width=1440&format=png&auto=webp&s=043b003683e9ec674bdfdf6e66db9e151a29ffe4 + +Ok this one is something that makes me scratch my smooth brain quite a bit, the repo's are being used like... alot, and they keep increasing every day I remember somewhere last week or so these numbers where in the 300 now they're at 450 for yesterday. + +let me explain with some links + +[https://www.reddit.com/r/DDintoGME/comments/nkmoi9/response\_to\_the\_post\_about\_the\_reverse\_repo\_limit/gze53hp/](https://www.reddit.com/r/DDintoGME/comments/nkmoi9/response_to_the_post_about_the_reverse_repo_limit/gze53hp/) + +u/Carb0n12 was a kind enough ape that went through all participants and listed them for us in the above link. + +then u/Believer109 made a thread [here](https://www.reddit.com/r/GME/comments/nljwua/a_user_on_ddintogme_has_discovered_that_54_out_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) but I'll quote his post here for ease of reading. + + All credit to /u/Carb0n12 and /u/BlindAsBalls for this post which is buried + in a good DD about the FED's Reverse Repo process. + + What does this mean??? + + Well, it means that there are 58 total institutions participating in the SOMA. + There is a hard limit on the value of the SOMA ($7.3T), + but an individual institutional limit of $80B each. + Last night we hit $433B total and we know that there were 54 + Reverse Repos (again, out of 58 eligible institutions). + + It is very very likely that one of the bigger banks or players + on that list will hit their $80B limit very soon, + perhaps as soon as this week or even today, + meaning they would be forced to margin call HFs for the difference. + + Not financial advice. + All credit to the users who did the due diligence, + just trying to bring attention to this. + It's huge. + +Thanks for researching this guys, it seems that this in and of itself is... bad (for the economy) but it's not like we're facing hyperinflation or another crashing housing crisis right? + +Welp... fuck + +u/Sh0w3n made a thread [here](https://www.reddit.com/r/Superstonk/comments/nljmgp/hello_the_big_short_hello_michael_burry_over_21/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +And take a wild fucking guess... Over 2.1 million mortgages are ''seriously delinquent'' (have not paid for more than 90 days) and in total 8.2 million mortgages are "behind" so we will most likely be facing another 2008... again, but seeing what we can now see (and know) of the stock market this will be a 2.0 and worse. + +&#x200B; + +https://preview.redd.it/13762xpsvm171.png?width=600&format=png&auto=webp&s=af08c9c336bc46bc61e73942b7f6e9559d3f6bd4 + +# He did what!? + +Ok first of all let me boilerplate this, I thought it was hilariously fucked up, but here is the thing, we can't do that kind of shit here, we are a stock board and even though we may have some juvenile or crude humor from time to time, this is where we have to draw the line. + +Because if we don't what's next? someone taking a crap on their bosses desk? or worse. + +I'm just saying it's all fun and games, but that stuff we gotta keep off of here. + +&#x200B; + +&#x200B; + +https://preview.redd.it/9pru2uugwm171.png?width=500&format=png&auto=webp&s=27435aefb42f375d947337187be03d61961a0853 + +Ok so some last stuff before I go today, here are a couple of links which I believe might be interesting for you guys! + +[https://www.reddit.com/r/Superstonk/comments/nlr9n7/one\_of\_our\_own\_apes\_called\_this\_run\_up\_a\_week\_ago/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nlr9n7/one_of_our_own_apes_called_this_run_up_a_week_ago/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[https://www.reddit.com/r/Superstonk/comments/nfodjb/there\_was\_never\_a\_wedge\_wyckoff\_accumulation/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nfodjb/there_was_never_a_wedge_wyckoff_accumulation/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[https://www.reddit.com/r/wallstreetbets/comments/nlmlev/daym\_it\_feels\_good\_to\_be\_a\_gme\_hodler\_in\_times/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/wallstreetbets/comments/nlmlev/daym_it_feels_good_to_be_a_gme_hodler_in_times/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +&#x200B; + +https://preview.redd.it/fudmlucuwm171.png?width=554&format=png&auto=webp&s=c725b84568142f991da3b03d397182aefffdfd49 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/pdonx5vwwm171.png?width=400&format=png&auto=webp&s=b98ff9e8d9507bfc692528c22fcea8fd200974ba + +emember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +Edit: + +Our Swedish apes can now votehttps://www.reddit.com/r/Superstonk/comments/nm39ni/breaking\_the\_swedish\_broker\_avanza\_will\_finally/ + +Edit 2:Cramer flipped.... again + +[https://www.youtube.com/watch?v=o8dhFQKHRsk&ab\_channel=CNBCTelevision](https://www.youtube.com/watch?v=o8dhFQKHRsk&ab_channel=CNBCTelevision) + +not sure what to make of this 🤷‍♂️ + +Edit 3 + +# ETORO WILL LET YOU VOTE! + +[https://www.reddit.com/r/Superstonk/comments/nm78os/etoro\_vote\_to\_be\_announced\_tomorrow/gzmwjoh/?context=3](https://www.reddit.com/r/Superstonk/comments/nm78os/etoro_vote_to_be_announced_tomorrow/gzmwjoh/?context=3) + +More news to come on this, also I can not personally verify this Email so.. grain of salt and all that. + +Edit 4 + +House financial committee hearing, 27th noon + +[https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756) +I am going through my first time of having to use PHI for a surgical procedure. I pay a rather small amount for PHI as part of it is subsidized by my work but honestly it is a complete waste and it is the highest level of cover from Bupa. + +The only real benefit of it is covering the costs of the hospital but as soon as you have to involve a specialist and other healthcare providers nothing is really covered. If you didn't have PHI, Medicare would give you the same back. It's all based on what the MBS fee is not what the specialist actually charges (my case 3 times more then the MBS fee) leaving a large gap as well as anesthetist, xray, pathology etc. charges on top. + +The alternative is to go public as a public out-patient and pay nothing but its about the wait. Majority of specialists say they participate in PHI gap schemes but rarely use them.. in short PHI is just a waste of time and I'm left with deciding between chronic pain or being in debt with out of pocket expenses. + +Has anyone else had similar experiences? +Unpaid internships is a never ending dilemma for me. I don’t know about other countries but in mine, there aren’t any laws prohibiting an employer from overworking their interns, making them do the job of a full time employee and not paying them a dime under the garb of unpaid internships. They are a facade for rich people to gather even more opportunities and connections under their belt. Now the thing is since these internships are unpaid they are also very easy to get, so making these illegal would again adversely affect poor people as the privileged can get internships using their connections. + +It makes me want to cry seeing that the only reason some of my friends (who are way underqualified than me) get jobs because they can afford to gather experience by doing months of unpaid internships, sometimes even in other states. Not being able to afford to travel to other states for internships or even a job interview has cost me sooo many opportunities. Not to mention the time I have wasted (time I couldn’t afford to waste) doing internships where the employer has screwed me over in the end by not providing proper certification or proof of internship. It is perfectly legal here for companies to hire interns for assessment internships (ie after a very long period of unpaid labour if you’re lucky you get a job) and then not hire a single person at the end of the period. What makes me most angry is the employers who preach “but you’re getting paid in experience” like yeah experience doesn’t put food on my table. + +I hate playing the victim but sometimes it makes me very dejected that no matter how hard I work for even basic things that people are getting handed to them, I would still be at a disadvantage. It makes me hateful that this is such a terrible system which will inconvenience me either ways and will always cater to the rich. +I’m curious for those who left full time employment before buying property, did you have trouble getting a mortgage at a competitive rate even if you presumably can show you have the assets to pay for it? +This is a project I developed myself, I hope that is not against any rules. +# Backtesting in Jupyter Notebooks +My main language for creating strategies is Python and I use Jupyter Notebooks a lot, but what I was always missing was a backtester that integrated well with that approach. The last few weeks I built one that is able to run backtests in Jupyter Notebooks and show pretty plots while it's doing it. This is a work in progress, but it is already used by a few people I have shared it with - who have given really valuable feedback. I want to improve this project, which is why I'm sharing it here, as more users = more use cases & feedback. I'm still developing it, so *there may be breaking changes*, although I will try to keep them to a minimum. + +## [Github Repo](https://github.com/MiniXC/simple-back) +## [Quickstart & Docs](https://minixc.github.io/simple-back/intro/quickstart.html) +*There might be some funky formatting in the documentation in some places, I'm working on fixing that.* + +## A few Key Things +* it is called *simple*-back for a reason, it is designed to offer a simple and quick way to run your backtests, at the trade-off of not being as accurate as e.g. Quantopian. +* it is built for open and close prices instead of intra-day data +* it is built to support adding external data, and ideally takes care of time leaks for you (or at least makes it harder to have them) +* it is much faster than Quantopian & others (mostly because it does not use intraday data), but returns are still within 10% of their results when tested on multiple strategies with daily trades at open and close, over multiple years (I will add a post with details to the docs soon) - getting closer than 10% might not be possible, as they use data that is not available for free +* per default, it caches everything persistently, making your backtests faster as soon as you have requested the underlying price data at least once (it uses yahoo finance for prices, but you can extend a class to include your own data) + +## What I Want to Add +In the future, I want to make the backtester more friendly to use with strategies that use external data + machine learning, mainly because those are important for the strategies I'm working on. If you want any feature to be added, I opened up a feature tracker here: https://simple-back.featureupvote.com/ + +I'm still actively developing this, so there could be significant changes down the line. I'm happy with the core API for now though, which is why I am sharing it here. If any of you end up using it and have questions or feedback, you can DM me any time or upen up an issue on the GitHub Repo: https://github.com/MiniXC/simple-back/issues + +## Machine Learning & External Data +Edit: I just added an example of [how to use simple-back with machine learning & external data](https://minixc.github.io/simple-back/adv/data_sources.html) In the example, we use /r/worldnews "headlines" to predict the next day's price change of the S&P500. Of course this doesn't result in a profitable strategy, but hopefully it can be a good starting point. I'm not super happy with the API for external data yet, I'm keen on any suggestions on how to make it more straightforward to use. + +Edit2: I had no clue so many of you would be interested in this with so many backtesters already out there! I want to release bi-weekly from now on (with the next one adding a better way to generate training samples & targets for ML) until I can tick all the major points that are still on my todo list for this project. I don't think I will post on here again (don't want to spam this sub) - if you want to be notified of updates, [here is my twitter](https://twitter.com/cdminix), or just check the repo now and then :) +Hey everyone, I'm working in tech in Berlin. I save about 2k€ every month. I also have a 1yo kid and my partner does not work. A big chunk of my income goes to taxes, but I do get back my money's worth with the childcare and parental subsidies here. + +I don't particularly like living in Berlin for reasons, but it is also a pretty affordable city. Despite the high taxes, Berlin / Germany seems like the best place to work towards FI while having a family with all the family subsidies. + +Salaries might be higher in other places, but rent and childcare is also significantly higher. Especially as a single income family, it seems like one won't have higher savings at the end of the month to invest. If I were single, Netherlands or Switzerland would have been better options. I'm non-EU, so my understanding of Europe is likely flawed. + +What do others think? Is there a better place to growth wealth while raising a family? +&#x200B; + +[dividend calendar with estimated $1944.71](https://preview.redd.it/l1kv1t48w5z71.png?width=2228&format=png&auto=webp&s=7b8323379910bccde579fa00ca73d6e56b5d50c0) + +Really looking forward to this goal, my average monthly expenses in 2021 are \~$1400 +My mother just joined the cannabis investors association ( [https://nicinvestors.com/about/](https://nicinvestors.com/about/) ) and told me about her investing plans. I know nothing about that particular market, but I'm very skeptical of this decision on her part. I sort of put it in the same category as bitcoin. I talked her down to starting with $1000 instead of investing $5k right out the door, like she was originally going to. I'm very hesitant to support her decision to pour what little money she has into something that is so new and probably quite volatile. Should I be concerned? What are some better alternatives for someone in my mom's situation? +Tried to get a $500K loan from Nab Bank, they said no probs dude. I later asked, what if I was to use Nab Equity Builder and Buy your Stonks, they looked at me funny and told me to shove it. I said ya'll give them First Home Owner's a leverage of 20:1 but only give me 1:1. I want $10,000,000 exposure to NAB shares... They are currently discussing this with their risk management team which they will get back to me soon... +I am a Senior Lecturer and Course Director in Finance at Macquarie University, Sydney. I have been fortunate to give opinion pieces on petrol prices/price gouging in Australia's leading media outlets and have been interviewed on topics such as [why we should increase focus on the digital economy.](https://au.finance.yahoo.com/news/tradie-recovery-010905506.html) + +My research interests in energy economics has led to numerous publications in [A and A* ranked journals](https://scholar.google.com.au/citations?user=XjExgyEAAAAJ). In 2010 I received the Macquarie University’s Vice Chancellors Award for Research. I teach in the areas of Corporate Finance, Financial Management, and Investments. I have developed several courses that are fully delivered by industry professionals working in national and global finance and banking institutions. + +My other research passion is in behavioural finance where I use innovative methods to study how investors use financial information in making investment decisions and how overconfidence can drive bubbles in stock markets. I am also a co-author of an upcoming book on [Behavioural Accounting](https://www.amazon.com.au/Behavioural-Accounting/dp/1138237035). + +A summary of my research and media engagement can be found [here](https://researchers.mq.edu.au/en/persons/lurion-de-mello) and feel free to search my posts and comments on [LinkedIn](https://www.linkedin.com/in/dr-lurion-de-mello-0a800a5/). + + +Proof: https://i.redd.it/9ck0dg8m5kk51.jpg +Background: I'm an attorney, I make $100k. However, I'm in my 8th/9th year of practice, and according to everyone I've spoken to, I'm woefully underpaid for my experience level. As such, I'm actively applying to new jobs, and reasonably expect a bump to $130k or more (on the low end), and increasing from there on up. Current boss has promised that if I meet certain performance goals in the next two months, I'll get bumped to $110k. + +I own a townhouse (mortgage $1600), no student debt, I have a 401(k). I have an investment account with some money in it. I own a foxbody Mustang that is completely paid off. I pay $462 a month for insurance for both cars (full coverage, 250/500) and might be overpaying for that (no accidents or tickets the past 10 years). Utilities are about $400 a month, I have a $40/month gym membership, no other major expenses. + +I've have a C6 Z06 that I bought in 2018 for $35k. It's been my daily for the past 4 years, but it's way too unreliable, and I'm tired of dumping money into it. So I'm selling it. I expect to get around $32k-$37k, and I'll have a fair bit of equity left over from that sale, so some nice folding money in the bank. My current payments on the Z06 are $500 for the loan (informal handshake loan from my day) PLUS $175/month for an aftermarket warranty. + +I want a 2022 Challenger Scat Pack. It took me six months to decide what car I'd want, and I finally found one with the options I want and put a deposit on it. Deposit only holds the car until this weekend (refundable deposit). + +Leasing is right for my life situation. I need a new car, a reliable daily driver with a warranty. And yes, cars are my main/only hobby and basically my entire life. Extremely important to me. + +The payments on the Challenger are $740 a month. + +Can I afford this? Let's say I get bumped to $110k in salary (which my current boss promised will happen in two months). Take home pay (AFTER TAXES) will be $7k/month. So 10% of that is $700 a month. 15% would be 1050. + + +EDIT: *Ok guys. I asked a question looking for real advice and input. I just wanted some advice and you've given me exactly what I'm looking for, and I really appreciate the input. +I'm kind of snapping out of this decision and I think this is too much of an expense for me to handle at my current salary. I think this would be a stupid choice. +I think I'm going to buy a lower mileage used Mustang GT instead (2014). Still should be reliable and fun, and should cost about $35k at the top end of things.* +I am a 15 year old in high school and I recently got $125, I don't just want to waste it on clothes or snacks (idk) and I want to find a way to invest this amount somewhere worthwhile. + +Can anyone give me advice on to where I should invest this money and how? + +Thank You, sebasdboss +&#x200B; + +[Banner submission by u\/JoQuinoa](https://preview.redd.it/fnldxzy897y61.png?width=1920&format=png&auto=webp&s=51903b84e33bed34a0f883b1940880c6f739af74) + +# Good Morning Superstonk!!! + +**MONDAY MONDAY MONDAY!!** + +WHO'S READY FOR ANOTHER WEEK OF HODLING? 💎🙌🚀 + +By the time you're reading this, we'll probably be at 275,000 members!! 🚀🚀🚀🚀🚀 + +*pro tip because I've seen some comments: every word you see that's underlined and blue is a live link to my source material!* + +[🚀🚀🚀🚀🚀](https://preview.redd.it/wbeql6emm7y61.jpg?width=740&format=pjpg&auto=webp&s=f46d8ecf5c569a19e1b02dec84a2ed1a22c90d4e) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Top Story- NSCC-006 + +There's been a lot of posts floating around this weekend pertaining to the new [NSCC-006 filing](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-006.pdf). Lots of hype, lots of mis-info, and we need to set the record straight first and foremost. + +**What does 006 do?:** + +**IT DOES** eliminate the 10 day waiting period before implementation after the DTCC and SEC approval process. + +**What 006 DOESN'T do:** + +**IT DOES NOT** implement any rules immediately. Including 002 or any others. + +**IT DOES NOT** eliminate the need for the approval process on any rules including 002. + +**IT DOES NOT** eliminate the extension already implemented on 002 or any others. + +[not it](https://preview.redd.it/08044elpw6y61.jpg?width=1100&format=pjpg&auto=webp&s=7a45785911869b39ec6abcfe7e156bcda2b0fac0) + +# THIS RULING DOES NOTHING FOR MOASS AS A STANDALONE RULE + +*002 is still put off until June 21. It could be implemented well before then, we don't know. This is just the extended deadline. You can't deny that they are putting a LOT of rules in place that seem directly tied to GME and the exposure of naked short selling.* + +[**Here's a post that talks about it more in detail.**](https://www.reddit.com/r/Superstonk/comments/n7jphk/nscc006_doesnt_change_much_but_looking_forward_to/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# Negative Volume (Again) + +&#x200B; + +[Where go?](https://preview.redd.it/d9sm8mpbv6y61.png?width=924&format=png&auto=webp&s=e4152f7c81d43c45d1dd76da8f6002361fc77bac) + +Remember when I posted last week [about the -1million volume anomaly](https://www.reddit.com/r/Superstonk/comments/n5pk8v/negative_1_million_volume_after_hours/?utm_medium=android_app&utm_source=share) that happened on May 5 and I said it was most likely due to a CTS server reboot that caused a glitch? [Well, IT HAPPENED AGAIN.](https://www.reddit.com/r/Superstonk/comments/n728ty/it_happened_again_last_night_2_million_volume/?utm_source=share&utm_medium=web2x&context=3) This time for -2 million. And once is an anomaly. Twice is something else entirely. + +[And according to the wrinkly math here, it may have been happening for even longer under our noses](https://www.reddit.com/r/Superstonk/comments/n6x24u/finra_and_sec_says_volume_56_yesterday_was_17m/gxam4ot?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Totally trippin' Pink Cats theory 👽 : The dark pool orders being unable to execute caused the negative volume due to cancelled orders. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Carl Hagberg is coming THIS WEDNESDAY AT 4PM Eastern to answer all your questions about Proxy Voting in the Gamestop shareholder election!!! + +&#x200B; + +[Carl Hagberg, OG Ape ](https://preview.redd.it/ddayumr4d7y61.png?width=226&format=png&auto=webp&s=9f5e3906475b194e85efd0a5eaab7afbd168d1c7) + +# [The official Carl Hagberg AMA question thread is LIVE NOW!](https://www.reddit.com/r/Superstonk/comments/n8qq8v/official_ama_carl_hagberg_retail_shareholder/?utm_source=share&utm_medium=web2x&context=3) + +Do you want to know what proxy voting is? + +Do you want to talk about why Euroapes are having trouble voting? + +DO YOU WANT SOMEONE TO COME EXPLAIN TO US WTF ALL THIS EVEN MEANS?! + +Well we gotchu fam. Carl is literally THE OG EXPERT. [We love Carl](https://www.reddit.com/r/PewdiepieSubmissions/comments/kkc6k5/my_swedish_grandpa_tried_lingonberry_g_fuel_for/?utm_source=share&utm_medium=web2x&context=3). And we're so grateful that he's coming to talk to us about [**how exercising our right to vote**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3) **IS THE KEY TO EXPOSING THE CORRUPTION AND ABUSE BEHIND NAKED SHORT SELLING.** + +# Don't miss the AMA with Carl Hagberg where u/atobitt will discuss everything Voters rights this Wednesday, May 12, 2021 at 4pm Eastern! YOU NEED TO WATCH THIS AMA!!!!!👀 + +[**Upon Dr. T's recommendation, everyone needs to read this comment from Mr. Hagberg to the SEC regarding overvoting!🚨**](https://www.sec.gov/comments/4-725/4725-4611649-176367.pdf) + +&#x200B; + +[Also, did you know that Gamestop has access to live poll results ](https://www.reddit.com/r/Superstonk/comments/mxwfyt/proxy_voting_dd_how_the_count_works_and_timeline/?utm_source=share&utm_medium=web2x&context=3)on and after 5/11 (tomorrow). THEN THEY WILL KNOW!! + +&#x200B; + +**THIS COULD BE THE MOST IMPORTANT ELECTION OF YOUR LIFE TO VOTE IN!!** + +[Exercise your right to VOTE!!! \(artwork by u\/Bye-Triangle\) ](https://preview.redd.it/5ydvqyicz6y61.png?width=1000&format=png&auto=webp&s=5e5e43b553b195db7971ea6feacbf2219414c21c) + +# And while we're talking about voting... + +I know so many of you still haven't gotten your flairs, I am so sorry!! Some of you have been asking for weeks and I apologize for not being able to get to everyone. I will continue to try to catch up as I have time!! + +# BUT NOW'S THE TIME TO GET YOUR VOTED FLAIR IF YOU HAVEN'T ALREADY!! + +# Just comment !apevote! and automod will give you your voted flair!! + +HUGE shoutout to u/redchessqueen99 for coding this bad boy and saving the whole mod team some clicks! + +[!apevote!](https://preview.redd.it/ppv9cbsj77y61.jpg?width=660&format=pjpg&auto=webp&s=34f82c401fadc9972d95d5650865346f702daea7) + +# [You can ](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3)[read the Rock the Vote post here to learn the steps for voting! VOTE ASAP!!](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3) + +💎🙌🚀💎🙌🚀💎🙌🚀💎🙌🚀💎🙌🚀💎🙌🚀💎🙌🚀💎🙌🚀💎🙌🚀💎🙌🚀 + +# Kenny doesn't know how to use a VPN + +[The 1 area in Chicago googling \\"Superstonk\\" ](https://preview.redd.it/9d111webe7y61.png?width=2732&format=png&auto=webp&s=8230164480dd0b42d9c4506314bbb96e7ff0cc91) + +# [For those that don't know, here is the location of Citadel HQ (zoom out a bit)](https://goo.gl/maps/MhgSBQhR9njtv5K38) + +Remember the google trend posts? Those were good times. Thanks [u/Tosh\_00](https://www.reddit.com/user/Tosh_00/) for reminding us. + +&#x200B; + +**Also on this note, here are some updated analytics from Superstonk:** + +* 2.24 Million UNIQUE page views last week +* 1.95 Million UNIQUE page views so far this May +* 215,320,908 page views in the month of April +* Last week when the Superstonk Daily and Rock the Vote both made the front page of Reddit, we had 11,037,011 page views *on that day alone,* and we gained 11,993 subscribers *that day* as well. +* Daily new subscriber average still hangs around 3,000 per day + +As you can see, we have **LOTS OF EYES ON US** here at Superstonk. And as I've said before, why wouldn't they be watching? There's magic in this jungle 🦄🍌💎🙌👽🦍🐈🚀 + +# Let's Talk Politics (or don't) + +[This post got everyone talking politics, and we need to clear a few things right here and now.](https://www.reddit.com/r/Superstonk/comments/n727qd/as_someone_works_as_an_advisor_for_policy_makers/?utm_source=share&utm_medium=web2x&context=3) + +We know how eager everyone is to get involved and make a difference. However, please keep in mind that [r/Superstonk](https://www.reddit.com/r/Superstonk/) is a place for people from around the world to get together to share news, information, memes and comments about stonks. + +Our AMAs are for informational purposes only. Our guests are here to inform us and to answer YOUR questions. + +We are not a political group. Mods will not spearhead any political campaign nor will we reach out to any politician on behalf of [r/Superstonk](https://www.reddit.com/r/Superstonk/). + +There are several reasons for this, however the most important ones are: + +1. Many of us, including several Mods, are not US citizens. +2. If [r/Superstonk](https://www.reddit.com/r/Superstonk/) reaches out to potentially "friendly" or "open minded" US politicians to try and "educate" or "inform" them, this is what will happen: + 1. Mods and influential [r/superstonk](https://www.reddit.com/r/superstonk/) users will be targeted as "bad actors" who are attempting to exert foreign influence on US politicians and policy; and + 2. Those politicians we reach out to, who may or may not be friendly, will be targeted as "compromised" and "under foreign influence/manipulation" +3. The result? All of a sudden, any positive changes they are attempting to make will be seen as "an attack on American Sovereignty" because they are "compromised" by "foreign manipulation" +4. Furthermore, politicians are not dumb. **You can bet that many of them are lurking on this sub, reading, watching and learning.** If they want to learn, they can and will do so. + +**If you want to get involved, all you have to do is watch our AMA with Dave Lauer or** [**read the transcript**](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/)**. Here's a direct copy/paste from the transcript:** + +>\*\*WHAT CAN WE DO?\*\*There have been questions about **what can we do** and to me this is one of those things that we can do.Another thing is you can just continue to make your voice heard, **you can file comment letters with the SEC or FINRA, that's an excellent way to get involved**, they do read them and \*\*they do listen to well thought out comments, or well-researched comments.\*\*You can contact your members of Congress because these bills that are going to come up are going to be controversial and they need to hear that there are people out there that support them, for good reasons.You can make use of the SEC and Office of the Investor Advocate who is there to advocate on your behalf and is often focused on institutional investors but would probably like to hear more from retail.And Gary Gensler I think in his testimony before Congress is going to say that they're requesting public input on some of these exact issues.So I think getting involved like that is just an *excellent thing*.It's great to have more involvement and more perspectives in this market structure debate, versus most of the people that are involved generally work for the high-frequency firms, the exchanges, the broker-dealersThere are very few of us out there who are not beholden to one of those types of firms and who are making money, actively, off of the current market structure. + +**If our American apes wish to contact their representatives as individuals, please do so.** + +However, the Mod Team will not be contacting anyone on behalf of the community, nor will we be involved with organizing any "Master DD", slideshows, or political AMAs. + +Many American apes are asking for information/websites/links on how to contact their representatives/SEC/FINRA. + +# [Report suspected securities fraud to SEC](https://www.sec.gov/tcr) + +# [File a complaint with FINRA](https://www.finra.org/investors/have-problem/file-complaint) + +# [Report Fraud to the FTC](https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc) + +[But imma keep doing it anyway](https://preview.redd.it/9vcoe657b7y61.jpg?width=540&format=pjpg&auto=webp&s=102e874a1437684ce8f9326932799b0cedd14bcb) + +Also, here's a message from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/): + +"This subreddit is public space. I think that's even true, legally considering. People all over the world come to reddit and join public forums. We won't condone anything against our rules.Politics must be relevant to the discussion. There are private chat groups and messaging alternatives for those who truly wish to organize.This subreddit is geared toward public discussion and sharing of knowledge and education.This is not a place to organize action on the political battlefield.However, if those organized actions rely on information gained from [r/Superstonk](https://www.reddit.com/r/Superstonk) or other subreddits, that will not be on other community members or the moderators.We are here to facilitate public discourse, not censor information or discussion on the grounds of supposed involvement.**In the end, we all have free will and free speech, and we moderators seek to keep the peace and nurture public discussion, not police it or censor it without good reason.** " + +&#x200B; + +.......With that said... + +# An update has been made to Rule 5, Improper Content: + +**No political posts. Any reference to politics must involve $GME directly.** + +This is the 1 corner of the internet where everyone is equal and none of that dirty talk gets in through the gates. Let's keep it that way as long as we can. There are plenty of other places on reddit to discuss politics, even as they pertain to GME. But there is only 1 superstonk 💖 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢📦INTERNATIONAL GIVEAWAY ANNOUNCEMENT!! 📢📦 + +[Gamestop Limited Edition Bananya Cat Squeezy Plush](https://preview.redd.it/4ajzaoagb7y61.png?width=1300&format=png&auto=webp&s=dc40dc61f9b48fea3afcb8c20427907a2784c60b) + +**I've seen y'all posting about the GME bananya cat and talking about how AMAZING it is (because it is.. it's so SQUEEZY!!!!) but the comments from international apes that couldn't order one got me big sad :'(** + +# SO WE'RE DOING A GIVEAWAY FOR 3 LUCKY INTERNATIONAL APES OUTSIDE THE USA! 🚀🚀🚀🚀🚀 + +&#x200B; + +**They will even come with a Roaring Kitty red headband just like mine has!!** + +[SQEEEEEEzy](https://preview.redd.it/vmb0gczjb7y61.png?width=640&format=png&auto=webp&s=29ec44f557cd0d011ffff62a0677d27019cf5f82) + +I'm also going to use this giveaway to bring some Gamestop corporate attention to twitter, to show how big the demand is for international sales!! [I will be blasting this contest on twitter @ Gamestopcorp et. al](https://twitter.com/PinkCatsOnAcid) to try to get some big eyeballs on the issue!! + +**So, how do you get your diamond little monkey paws on this squeezy? 🦧** + +# 💎🙌🚀SHOW ME THE MEMES!! 👀 + +**I want you to show me your best GME meme**!!! The 3 most upvoted memes from international apes will be declared GOAT and will finally be able to fill the little spoon void that their spouse left when they found out about your GME yolo. **I will ship it to ANYWHERE THE USPS SHIPS TO OUTSIDE THE USA!!** Free of cost, no rules to enter, just show me your best, funniest, most classic memes about the GME saga!! + +# I don't care if they're video or image, just as long as they are OC and they don't break any sub rules. + +**This contest will run through Friday, May 14th at 3pm Eastern, at which time comments will be locked! Upvoting will continue through the weekend. Winners will be announced in the Superstonk Daily on Monday, May 17, 2021 and winners will be contacted via personal message for shipping information.** + +Again, there is no shipping cost or anything to the winners! And tbh, if I end up being able to order more that the 3 plushies, I will give more away to top winners, so stay tuned!! + +**I love this community of apes!! Y'all are like family and you all deserve a hug from a cute lil cat 😻🐈💖💖💖** + +*Plushies will not be shipped anywhere in the USA! The plushy is available online at* [*Gamestop.com*](https://Gamestop.com) *to USApes.* + +# [LINK TO THE MEME CONTEST IS LIVE NOW!!!!! LET THE MEMES BEGIN!!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) *Memes must be posted IN THIS LINKED THREAD to be considered! + +# Memes are not considered to be entered into the competition until they are posted in the giveaway thread (regardless of being posted on the main page.) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/sc5p4uord7y61.png?width=554&format=png&auto=webp&s=5e03438445e0c8725eef273e856c03cda6a49508 + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +[Tweet from EB Games Australia ](https://preview.redd.it/vxy7pjt9k7y61.png?width=1125&format=png&auto=webp&s=d68bf2385a0eaa9bf6fd464457fc151e92df0bb5) + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +🚨 ... AND VOTE!!! 🚨 + +# Don't forget to comment with !apevote! for your vote flair!!✅ + +# + +# Edit: I removed my earlier piece about dark pools as it was determined to be misinformation. Please see [this response by Dave Lauer](https://www.reddit.com/r/Superstonk/comments/n9331h/dave_lauer_clears_things_up_about_the_dark_pool/?utm_source=share&utm_medium=web2x&context=3) to explain. +I am a terrible compulsive shopper who uses spending to cope with crippling depression. Been sending you extra money to mom (don’t judge me) to hold on. Today she texted me that we reached 10k!! I never saved that much before! I’m grateful for my mom to hold on to her old ass 29 year old’s money. Next step is saving on my own. + +I guess it’s the little things! +A kid i went to high school with posts pictures upwards of $10k returns weekly. He just bought a lambo and claims he has made a 6500% return year to date. I have a feeling this is all staged as it seems he is trying to start a pyramid scheme scam. What are the chances he’s actually gotten lucky enough to consistently make these returns? +# [Continuing from 1.1](https://www.reddit.com/r/Superstonk/comments/v65pd0/the_burning_cogs_in_the_wheel_part_11_gamestop/?utm_source=share&utm_medium=web2x&context=3) + +# Private Equity + +These types of hostile takeovers were known by a bunch of private equite companies. The two of the more common ones I came across were Bain Capital and Silver Lake. + +# Bain Capital + +Boston Consulting Group, Bain & Company, and McKinsey & Company are known are [The Big Three management consultancies.](https://en.wikipedia.org/wiki/Big_Three_(management_consultancies)) Here is just Bain Capital history of mergers and acquisitions. + +&#x200B; + +https://preview.redd.it/nol5vvhan0491.png?width=1287&format=png&auto=webp&s=cbd4ca56b1050b97799494a35907f4c9bc3609d5 + +# Silver Lake + +https://preview.redd.it/smt9apobn0491.png?width=1884&format=png&auto=webp&s=0c276a4dae8510de64a370edd48e4974d1813c24 + +# Leverage Buy Outs! + +ELIF: + +A leveraged buyout is when a purchasing company using borrowed money to buy another company, thus, allowing for an advantage for larger companies to be acquired with less personal assets. + +https://preview.redd.it/8us8xcbdn0491.png?width=2320&format=png&auto=webp&s=eb05e57369c692e3df2b9b9117b4aa986dab95f6 + +A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of the purchasing. The assets of the targeted and acquiring company are used as collateral for the loans causing a high risk. This allows a company to purchase a much larger company with a much smaller amount of their own assets. + +&#x200B; + +https://preview.redd.it/qso2lb2en0491.png?width=1144&format=png&auto=webp&s=e9ff0812eb340dfa4f5da33734bb3a45a3752acb + +There are three main reasons to conduct a leveraged buyout: + +1. To take a public company private +2. To spin off a portion of an existing business by selling it +3. To transfer private property, as is the case with a change in small business ownership + +# 2019 Leverage Buy Lawsuit + +A[ lawsuit](https://www.rgrdlaw.com/cases-private-equity-antitrust-class-action.html) was brought in December of 2007 by shareholders, a trust, and a public retirement trust fund of companies that were bought out. The lawsuit focused on company that were a part of buyout deals from 2003 to 2007. It was not finalized until mid 2014. + +The transactions at issue here were ‘club deals,’ whereby two or more private equity firms join together to conduct a leveraged buyout,” the lawsuit said. “The shareholders do not contest the legality of club deals, but instead contest what they characterize as illegal agreements between the private equity firms to allocate the leveraged buyout market on a wide scale. + +Several large private equity firms conspired with one another to agree not to outbid one another prior to the financial crisis. They reduced competition by following “club rules,” where two of more private equity firms would join together to conduct a leveraged buyout. They would often team up on buyouts and providing quid pro quos to influence each other’s behaviors. + +These firms promised to pay less than fair value for the target companies, which resulting in shareholders being deprived of the true value of their shares upon sale of the target companies. + +Specifically, the plaintiffs alleged that the firms submitted sham bids, agreed not to submit bids, granted management of the target companies certain incentives, and included losing bidders in the final transactions, the suit said. + +* Apollo Global Management LLC +* Bain Capital Partners, LLC +* The Blackstone Group L.P. +* The Carlyle Group +* Goldman Sachs Group Inc +* Kohlberg Kravis Roberts & Company Inc. (KKR) +* Providence Equity Partners, Inc +* Silver Lake Management, L.L.C +* TPG Capital L.P. +* Thomas H. Lee Partners, L.P. (THL) +* JP Morgan Chase + +Using a [2019 list of largest private equity firms,](https://en.wikipedia.org/wiki/List_of_private-equity_firms) 9 / 20 of the top companies were associated with this lawsuit. + +https://preview.redd.it/t778696fn0491.png?width=1754&format=png&auto=webp&s=daa3027bdc052d75816ec8113952d8106cf82073 + +# Piling on Debt + +GameStop was just piling on this unnecessary debt through out the years. Here are just 2011 and 2012 Giveaways / Sweepstakes. They keep happening but the list started to become exhausting... + +* An all-expense paid trip to San Diego Ca +* A VIP tour of Guerilla Studios in Amsterdam +* Spend more than $59.99 get + * A free $15 gift card + * One-year magazine subscription + * limit one coupon per visit +* [2012 Mitsubishi Lancer](https://news.gamestop.com/news-releases/news-release-details/gamestop-invites-gamers-go-commando-gears-war-3) +* Xbox Live memberships +* An ATV +* MSI Wind Pads +* Flat screen TVs +* Autographed Gears of War 3 concept art +* [$100,000 in cash and prizes](https://news.gamestop.com/news-releases/news-release-details/gamestop-scores-midnight-launch-events-madden-nfl-12) +* [home theater setup](https://news.gamestop.com/news-releases/news-release-details/gamestop-invites-gamers-become-ultimate-player-saints-rowr) +* [2012 Jeep Wrangle Call of Duty Modern Warfare 3 Special Edition](https://news.gamestop.com/news-releases/news-release-details/lock-your-perks-and-load-prizes-gamestops-call-dutyr-modern) +* Trip around the world +* XBox Ultimate Gaming Bunker +* Zero-G experience +* $10,00 in cash +* [A trip to the 2012 summer Olympics](https://news.gamestop.com/news-releases/news-release-details/win-trip-2012-olympic-games-london-gamestopr-powerup-rewardstm) + * Round trip airfare + * 6- night hotel accommodating for 5 + * 4 ticker to see 3 Olympic sporting events + * 4 tickets for the London Bus Tour +* [Get immortalized in Max Payne 3s on a tombstone](https://news.gamestop.com/news-releases/news-release-details/gamestop-offers-chance-live-forever-max-payne-3) +* [Custom Painted Motorcycle](https://news.gamestop.com/news-releases/news-release-details/gamestop-celebrates-summer-game-love-gamestock) +* Xbox Super Bundle +* Luxury Included Vacation from Beaches Resorts +* Made into an Assassin's Creed character +* The opportunity to crush cars in a tank as part of Activision’s Call of Duty: Modern Warfare 3 experience +* [o A trip to Los Angeles to live the life of a rock star in Rockstar Games’ L.A. Noire, which included a chauffeured Bentley and shopping on Rodeo Drive](https://news.gamestop.com/news-releases/news-release-details/gamestopr-powerup-rewardstm-reaches-20-million-members) +* [4 Passenger Black Ops II Teryx4 side x side off-road vehicle from Kawasaki.](https://news.gamestop.com/news-releases/news-release-details/gamestop-launches-fourth-and-final-wave-pre-order-bonuses-call) +* Helicopter flyover +* and so much more + +They also included rewards with other companies that made no sense. + +https://preview.redd.it/h2yihyprq0491.png?width=887&format=png&auto=webp&s=c691e0d403939ca6ec3a4a3cc300ed89adbc4f30 + +The board even had a [corporate jet.](https://news.gamestop.com/node/17531/html) + +https://preview.redd.it/z84zxr9gn0491.png?width=1726&format=png&auto=webp&s=86ccd9d9907beeff41de49378e00a2bd480a21dd + +# Other similar occurences + +[Toys R Us (2020)](https://pitchbook.com/news/articles/toys-r-us-creditors-sue-former-bain-capital-kkr-execs) + +* Filed a lawsuit against several former executives who were also associated with Bain, KKR, and Vornado Realty Trust. +* The lawsuit is suing claiming + * Breach of fiduciary duty, fraudulent concealment, and misrepresentation + * Acting only in self-interest rather than the company + * Stealing millions before filing for Chapter 11. + * The inappropriate fees of $18M charges by Bain, KKR, and Vornado. +* Bain, KKR, and Vornado were not required to provide actual services despite receiving money from Toys R Us. +* Bain and KKR was charge and ended up paying $20M. + +[Bamboo Sushi (2020)](https://pdx.eater.com/2020/5/7/21249530/bamboo-sushi-lawsuit-owner-bain-capital) + +* Filed lawsuit against Bain Capital for defamation and breach of fiduciary duty. +* Bain purchased Bamboo for $15M and soon after began a hostile takeover. +* Bain Capital considered withholding $7.4M unless + * Company profits quickly increased. + * Bamboo CEO handed over more shares to Bain, which he later did to secure the original $15M offer +* Bain fired Bamboo CEO + * Bain demanded more shares to gain majority ownership and threatened the CEO with false fraud claims over a 2017 accounting error + * Bamboo CEO stated that it was a simple human mistake. +* Bain was considering filing Chapter 11 or a complete company reorganization. +* Lofgren refused to give up more shares so Bain threatened to fire him for fraud for a single + +# TLDR: + +* The 2005 Merger with EB Game was just the start of the manipulation of GameStop +* GameStop underwent a hostile take over via a proxy battle and a tender offer +* Many other companies had the same events happen to them during this time period +* GameStop was acquiring massive amounts of unnecessary debt to be hopefully forced into bankruptcy so a private equity company could purchase the company + +# Note: + +Again, I would like to repeat that I had to break this up into parts so it would more easily be digestible. +Both of us are interested in real estate. I listen to bigger pockets podcasts every day. She also listens and reads about real estate investing. We are young and willing to take some risks. + +Full financials: +Me 62k/ year + +Her 68k/ year with 10% bonus most years. + + +Both have very stable jobs but are actively looking for new jobs closer to home. + + +Savings: she has 30k in an investment account that she wants to move to real estate and I only have 6k which will go to real estate. Extra 50k that we don’t want to touch. + + +Debt: +14k in car loan; 330 a month; 2.3% interest. +26k student loans; 230 a month: 3.5% interest. + +Rent: 780 a month, utilities 30 a month + + +Biggest expense is eating out and golf. I like to golf and we are actively working on eating at home (50% less a month than last year). Golf is around $60-100 a month. + + +Location: right now we live in one of the fastest growing markets in the country. Still affordable rent but we are priced out of any doubles we could get ($300k for a really rough 1900s duplex). We want to move closer to family which is near Chicago. + + +Skills: I worked construction for 4 years and everyone in my family is in construction. Planning on doing everything ourselves. + + +Goals: we want to be able to travel and not be stuck in our office jobs. I want to be able to work a stable job with lots of vacation time while she can stay home with kids. Dream is to live off investments. + + +Worries: Covid house prices are high. Every house is in bidding war. Interest rates are high. + + +Family tells us to wait but we want to start and work on our dreams. It’s a huge step in our lives and we feel like it’s the worst time in the market. +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! + +Hey all! + +I have started Damodaran's valuation course on youtube. In one of his lectures he cites a study that buy recommendations are given 9x more frequently by analysts than sell recommendations. In an effort to combat this overwhelming positive sentiment in stock market websites, I'd like to read bearish views on stocks I am researching. Hopefully, these views will broaden my perspective and bring up points I haven't considered. However, I am finding bearish cases really hard to come by. Does anyone have any resources or websites to recommend? +We subsidize what we want to increase, like business. Want private players to make industries? Subsidize land and electricity and tax less, industries start flocking. Income increases and poverty decreases. + +We tax what we want to decrease. You as a businessman making so much profit, give more taxes as your income grows. It helps distrubute money towards better things. + +But subsidizing welfare for people makes them dependent on it, causing them to become burden on the government and its people. E.g. California's homeless population. If you have more benefit to live on govt money why would you work. + + +So help me understand this concept. Should govt take care of everyone or should govt provide the methods to get a job for everyone but not provide direct money to people? Like make education and vocational training more accessible and free of cost. Govt makes the environment, let people decide how and where they want to get employment. + + +A noob on economics here, please point out my blind spots. Be civil in discourse. Thank you. +I'm sure everyone here is aware of Milton Friedman and Hayek. + + But from my understanding there is a considerably higher percentage of libertarian economists compared to the average population, however from my research it seems to be that the majority of Economists are for Keynesian Economics. + +( I can imagine theres a few) But why is Keynesian economics the more popular than a more pro-free market approach to economics among economists? + +Slight edit: I very well understand how poorly constructed this question is now. Thanks for the info everyone. +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). +Some of you may have missed this story but I was digging into it because of a conversation I had with someone about the value of investing in [NHAI bonds](https://www.livemint.com/money/personal-finance/invest-in-54-ec-bonds-to-get-exemption-from-tax-on-ltcg-1565718687158.html). + +About a month ago, reports started coming in that the NHAI's financial health was not very good, and that there were definitely ripple effects from the [IL&FS problem](https://www.dnaindia.com/business/report-ilfs-contractors-move-pmo-for-rs-2000-cr-dues-2695482). (See also [this](https://www.newsclick.in/the-curious-connection-between-ILFS-NHAI)) + +Reports suggested an unsustainable amount of debt has ballooned, and that there is not enough revenue to support the NHAI's projects, which may lead to a slowdown in infrastructure development.The CAG had [cautioned](https://www.business-standard.com/article/economy-policy/cag-raises-concerns-over-burgeoning-costs-of-nhai-s-projects-cautions-govt-119082801435_1.html) the government about this as well. E.g. Moneylife [reported](https://www.moneylife.in/article/nhais-giant-liabilities-is-there-a-solution-that-doesnt-tax-us-more/58045.html): + +> "NHAI has reportedly been asked to discontinue construction of roads and monetise assets; this has happened only after NHAI’s debt soared from Rs40,000 crore in 2014 to an unsustainable Rs1.78 lakh crore in 2019 under Mr Gadkari’s watch." + +Some of those news reports indicated that the PMO had directly intervened in the matter, advising NHAI to take two steps: stop constructing roads itself, and encourage private sector takeovers to complete projects. + +> In a letter dated August 17, Nripendra Misra, Principal Secretary to the Prime Minister, wrote to Sanjeev Ranjan, Secretary, Ministry of Road Transport and Highways, collating suggestions to improve the operational performance of NHAI. The letter said the NHAI was “totally logjammed by an unplanned and excessive expansion of roads and it is mandated to pay much higher costs for land acquisition and construction." [[Livemint](https://www.livemint.com/industry/infrastructure/pmo-s-suggestion-to-nhai-stop-building-roads-sell-assets-through-an-invit-1566619682822.html)] + +More about the PMO's concerns here: [Livemint](https://www.livemint.com/market/mark-to-market/road-works-at-risk-as-pmo-differs-with-nhai-on-path-ahead-1567361360908.html); [Business Standard](https://www.business-standard.com/article/economy-policy/nhai-at-a-crossroads-on-debt-servicing-concerned-pmo-raises-red-flags-119083001692_1.html); [TNIE](http://www.newindianexpress.com/business/2019/aug/29/nitin-gadkari-allays-fears-over-nhais-financial-health-after-pmo-letter-2025984.html); [CNBC](https://www.cnbctv18.com/infrastructure/pmo-raps-road-ministry-for-reckless-highway-expansion-nhai-responds-4232001.htm); [Bloomberg Quint](https://www.bloombergquint.com/business/nhai-road-construction-projects-pmo-letter-to-morth-indicates-indias-road-run-to-hit-speed-bump) + +The Union Minister for Road Transport, Mr. Gadkari responded by saying, this note was [only a suggestion](https://www.livemint.com/politics/policy/pmo-s-notes-only-a-suggestion-nhai-will-continue-building-roads-1566915635023.html) and not an order, and that NHAI would continue to build roads. + +Then, suddenly, last week, Mr. Gadkari directly contradicted the PMO, saying that there were no financial issues at NHAI. + +> “The NHAI is not financially stressed," Gadkari said repeatedly. “These media reports on NHAI’s finances being stressed are untrue. You should go by my track record. I have always been able to raise money for projects, be it the Mumbai-Pune Expressway or the Bandra-Worli Sea Link. We have very healthy internal rates of return. There is no problem regarding money," he said. [[Livemint](https://www.livemint.com/news/india/nhai-is-not-financially-stressed-has-pmo-s-backing-nitin-gadkari-1568026075719.html)] + +Additional reports suggested that the PMO letter regarding NHAI was not actually from the PMO, and an official was fired for leaking it on social media. The news reports on this are very strange, because they suggest: + +> Gadkari said a person wrote a 1,300-page letter having suggestions on road projects. On the instructions of Prime Minister Narendra Modi, his Principal Secretary Nripendra Misra forwarded it to nine secretaries to look into the matter, including the roads department secretary. +> "One of our officials uploaded a picture of that (letter) on social media and lot of fake news items got published because of that. We have suspended the official," Gadkari said, replying to a specific question on the financial health of NHAI and its ability to execute projects. [[Business Today](https://www.businesstoday.in/current/economy-politics/official-suspended-over-pmo-letter-on-social-media-nitin-gadkari/story/378274.html)] + +"A person wrote a 1300 page letter" - I find this hard to believe. "A person?" A 1300 page anonymous report on road construction? Whose identity is being protected here? Is this just a case of killing the messenger? + +Then, Mr. Gadkari had [said](https://www.livemint.com/news/india/nhai-is-not-financially-stressed-has-pmo-s-backing-nitin-gadkari-1568026075719.html) that NHAI does not need additional budgetary support, and that their revenue streams are sufficient at the moment. But the NHAI chairman [said that](https://www.business-standard.com/article/economy-policy/will-not-borrow-if-government-allocation-is-increased-nhai-chairman-119090400467_1.html) increased budgetary support would be needed and would be preferable to having more borrowings to support NHAI. + +The SBI may be willing to lend NHAI funds, as well. But despite his confidence about financing, Mr. Gadkari is also saying that we will be paying tolls in [perpetuity](https://www.thehindubusinessline.com/economy/logistics/sbi-mulls-lending-35000-cr-to-nhai-for-highway-projects-rajnish-kumar/article29382101.ece): + +> “The toll collections from these projects are very high; our toll income will increase to about ₹4,000 crore a year when these BOT Toll projects as returned to us at the end of the concession period,” Gadkari stated. + +> “Toll is never going to end. Even after the cost has been recovered from the projects, the toll collection will continue. NHAI getting toll income in perpetuity is a very good proposition,” Gadkari said. + + + +Now the PMO has sought a[ status report](http://www.newindianexpress.com/business/2019/sep/14/pmo-seeks-status-report-on-road-projects-2033448.html) on road projects. Meanwhile, also, the current plan seems to be to revert to the old UPA BOT model: + +> According to a Bloomberg report, the PMO is now making a push to revert to the old model used under Manmohan Singh. NHAI would hand projects to developers via auction. Private builders will then build the roads, collect toll for a pre-agreed period and then transfer the asset back to government when that period expires. [[Economic Times](https://economictimes.indiatimes.com/news/economy/infrastructure/busier-roads-bigger-money-inside-modi-govts-new-road-monetisation-plan/articleshow/71047245.cms)] + +At the same time, additional costs are accumulating, as you can see recently an arbitral tribunal has [ordered NHAI to pay Rs. 750 crore](https://www.thehindubusinessline.com/economy/logistics/arbitrator-asks-nhai-to-pay-750-cr-to-developer-for-delays-in-making-land-clearances-available/article29320029.ece) as a fine for delaying clearances. + +I think that there are two sets of issues here - one is systemic, the other is regarding messaging: + +1) NHAI's financial health is undoubtedly weak, despite the government's divided position on this. + +2) There seems to be no clear resolution proposed how it should be resolved (Build-Operate-Transfer/Inv-IT, increased budgetary allocation, etc). + +This is all that I have been able to gather on the situation - and if anyone has any inputs on what is actually going on, I would appreciate it. +Title \^ + +I have a hard time selling sometimes because I noticed that sometimes I sell and it goes back up. Any clear signals you guys know of for reversal? + +&#x200B; + +I completely understand that this isn't a get rich quick scheme and am dedicated to devoting time to learning. I actually have not had a job before and am looking to get one for a stable source. Got any tips for a job to get with short hours since I want to devote a lot of time to learning(I'm fine with low pay, preferably 15$+/hr). I am currently looking at Indeed. + +&#x200B; + +If you have any books(not too long preferably) or videos(I'm a video learner, learn a ton from watching lol) that help improve, let me know! All help is appreciated! + +&#x200B; + +P.S. + +I currently have these on my "channels to watch list": + +* The Boiler Room +* Humbled Trader +* ZipTrader +* Zed Monopoly + +If you have experience with any of these, feel free to let me know! Serious posts only, please! + +&#x200B; + +Hey, so I see a lot of posts about risk management and I know that I should be doing so and am trying to get better at it. Tips in that area would help as well! +[https://fortune.com/2022/07/01/meta-novi-crypto-payments-wallet-end-september-2022/](https://fortune.com/2022/07/01/meta-novi-crypto-payments-wallet-end-september-2022/) + +The remainder of the cryptocurrency project that Meta Platforms Inc.’s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down. Meta’s Novi pilot—a money-transfer service using the company’s own cryptocurrency digital wallet—will end on Sept. 1, the service said on its website, a link to which it texted to its users. Both the Novi app and Novi on WhatsApp will no longer be available, the company said on the Website. Starting July 21, users will no longer be able to add money to their accounts, Novi said, advising users to withdraw their balance “as soon as possible.” Users won’t be able to access their transaction history or other data after the pilot ends. The company does plan to use Novi’s technology in future products, such as in its metaverse project, a company spokesperson said in an email. “We are already leveraging the years spent on building capabilities for Meta overall on blockchain and introducing new products, such as digital collectibles,” Meta said in the statement. “You can expect to see more from us in the web3 space because we are very optimistic about the value these technologies can bring to people and businesses in the metaverse.” + +The stock has been cut by more than half in 2022. Although Wall Street has been in a buying mood last week, real world pressures continue to make META stock one to avoid. Alternatively, if investors can’t help but like META stock at current prices, I’d similarly point to a long vertical spread using call contracts or a fully hedged collar for those interested in owning shares. But again, the belief is those efforts will be in vain and only serve the purpose of vastly reducing downside risk. + +Meta Platforms has many issues to contend with. For example, Facebook Reels’ inability to challenge top rival TikTok, Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube in long form video, competition in ecommerce from Google and Amazon (NASDAQ:AMZN), falling consumer brand value and Meta’s risky metaverse pivot, which might overlook its existing platforms. + +&#x200B; +I’m looking to create an irrevocable trust for my child upon birth, but trying to figure out how much I should put it in it. A few thoughts for this trust: + +1. Pays for their education (if needed) +2. Making sure they have a buffer to help them pursue their dreams if it requires any capital +3. I don’t want to put too much as to discourage them from being productive members of society + +We are happy to announce that SHIBBY.FINANCE are in the process of establishing ourselves as a legal entity. + + +Shibby.finance Holding - is an EU founded, 100% digital paperless company. + + +Shibby.finance Charity - is a non-profit organization founded and managed in Germany. + + +What does that mean for you as a shareholder? + + +First of all, you can see that we are here for the long run. The next YEARs will be awesome. + + +We will be able to place legal advertisements in a timely manner and in high profile locations like Times Square and other iconic places around the world. It will also facilitate future Tier 1 and 2 exchanges and much more. + + +Investors and big money will flow into SHIBBY for the simple reason that we are a real legal company in the European Union. + + +A legal entity is the backbone of a real project, this enables us to expand worldwide and connect with legitimate businesses to grow. + + +A few personal words, I would like to thank everyone who puts their trust in us and in me in this young phase of a project. The feedback keeps me alive, I love it. +You can support me and the whole team by joining in and participating in the Shibby movement. Tell Shibby's story to the world, and share the news of this incredible project. + + +Together we can make history, the only thing you have to do is hold with diamond hands and work to spread news and help your investment grow, so we can fly to Pluto together and help countless dogs in need along the way. +Don't panic about price swings and bearish looking markets. Our plans are independent of these market fluctuations in the long run, and we will ensure that never-ending purchasing power flows from fiat into our Shibby community. + + +Updates will be delivered consistently on a daily basis via live stream to keep everyone on track with a shared vision for Shibby's success. + + +join tg shibby\_finance +Our fearless leader is making his plans dark and impenetrable and he should be. Extremely powerful people, entities, and institutions would take any piece of information given to them and use it to relentlessly bash the plan, try to put as many monkey wrenches in the works as possible, and build a direct competitor as fast as possible. + +It’s hilarious to see msm try the angle that investors are getting antsy in the face of the silence. + +Apes aren’t antsy they’re proud of Cohen and everything he and his team have already achieved in one short year. + +The transformation is moving at light speed and we see it through the totally revamped website, the huge increase in skus, the stories of amazing customer service, the social media presence, the shoring up of the balance sheet where debt is all but eliminated and 1.7 billion cash has been raised, the rebranding of Canadian locations, the constantly improving top line revenue, the over 300 incredible hires from highly respected tech companies, and so much more. +https://www.forbes.com/sites/sergeiklebnikov/2020/04/07/stocks-turn-negative-as-experts-warn-against-undue-coronavirus-optimism/#5e87e8fbe6cd + +https://www.cnbc.com/2020/04/07/stock-market-live-updates-dow-futures-up-800-points-set-to-add-to-1600-point-monday-rally.html + +What do y’all make of this? It was quite interesting to see the Dow slide 600, then go back up, then lose at the end of the day. +https://www.reddit.com/r/Superstonk/comments/t4k6cd/today_collaborated_spoofing_occurred_in_the_last/?utm_medium=android_app&utm_source=share + +Spoofing is not a new subject here, it's basically filling bid and ask orders in order to push the price down, without ever actually buying or selling any shares. + +This is a fucking crime and they have to pay for it. + + +C O N T A C T - T H E - D O J + + +https://www.justice.gov/doj/webform/your-message-department-justice + +You can write messages up to 2000 words on their website. I'm not going to leave a text you can copy and paste because I'm not sure spamming their inbox with the exact same text over and over is the way to go about this. All you have to do is say something about how the screenshots and sources in the post (https://www.reddit.com/r/Superstonk/comments/t4k6cd/today_collaborated_spoofing_occurred_in_the_last/?utm_medium=android_app&utm_source=share) prove that there is spoofing being committed regularly, and that you don't think that's a fair way to control the price of your shares. + + + + + + + + + + + + +Here is the list of everyone that participate in spoofing of GME stock: + +CDRG - Citadel Securities LLC + +CTDL - Citadel Derivatives Group Llc + +SSUS - SUSQUEHANNA SECURITIES + +SUFI - Susquehanna Financial Group, LLP + +TSSM - TWO SIGMA SECURITIES, LLC + +OHOS - TWO SIGMA SECURITIES, LLC + +SOHO - Two Sigma Securities, LLC + +VIRT - VIRTU FINANCIAL BD LLC + +GSCO - GOLDMAN SACHS & CO. LLC + +SGAS - SG Americas Securities, LLC + +XGWD - LATOUR TRADING LLC + +HRTF - HRT Financial LLC + +MSCO - MORGAN STANLEY & CO. LLC + +CSTI - CANACCORD GENUITY LLC. + +WBPX - SUMMIT SECURITIES GROUP, LLC + +VERT - The Vertical Trading Group, LLC + +MAXM - Maxim Group LLC + +BMOC - BMO Capital Markets Corp. + +LEER - SVB LEERINK LLC + +WBSI - Wedbush Securities Inc. + +WBLR - WILLIAM BLAIR + +INTL - INTL FCSTONE FINANCIAL INC. + +LEHM - Barclays Capital Inc./Le + +MLCO - MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (aka Bank Of America) + +WCHV - WELLS FARGO SECURITIES, LLC + +JSSF - JMP Securities LLC + +BARD - Robert W. Baird & Co. Incorporated + +UBSS - UBS Securities LLC + +RAJA - Raymond James & Associates, Inc. + +KEYB - KEYBANC CAPITAL MARKETS INC. + +GTSM - GTS SECURITIES LLC + +RBCM - RBC CAPITAL MARKETS, LLC + +COWN - Cowen and Company, LLC + +AEXG - ALTERNATIVE EXECUTION GROUP + +ETMM - G1 Execution Services, LLC + +FLTG - FLOW TRADERS U.S. LLC + +IMCC - IMC FINANCIAL MARKETS +We have a buy pressure floor that is rising just as fast as the margin debt ceiling is falling. + +Eventually these two "lines" are going to converge - and this is when MOASS will **inevitably** happen. However, at the moment we know that the **Fed is currently unable to print any more money; or sell bonds**. + +Mitch McConnell is fighting with Dems to lift the ceiling; because without doing this; that convergence point is getting ever closer by the day. They need this to happen to delay MOASS. + +Edit : (/u/Careful-Translator51) - **I made some statements opposing this overall argument; but I have** [**learned**](https://www.reddit.com/r/Superstonk/comments/opezb3/recent_events_are_proving_that_we_are_currently/h658i9v) **that I was incorrect /misleading with some statements I made in earlier conversations within this post** + +>McConnell declared he believes not one single Senate Republican would support raising the debt ceiling, which expires at the end of July. The federal debt has reached $28.5 trillion. + +[~~https://www.breitbart.com/politics/2021/07/21/mitch-mcconnell-takes-stand-on-debt-ceiling~~](https://www.breitbart.com/politics/2021/07/21/mitch-mcconnell-takes-stand-on-debt-ceiling/) + +[https://thehill.com/policy/finance/564067-mcconnell-warns-gop-wont-vote-to-raise-debt-ceiling](https://thehill.com/policy/finance/564067-mcconnell-warns-gop-wont-vote-to-raise-debt-ceiling) \- more "PC" friendly link; story / facts remain the same + +Feds **NEED** to lift the ceiling to print more money / sell more bonds. Without this they are FUK and cannot short any longer. + +The only thing that lifting the ceiling would do is push this can further, and make the aftermath even **WORSE**. The sooner this happens, the better off we will be because less damage will be done (versus delaying ever longer). Printing **MORE money** means **MORE inflation** that **WE will have to pay for later** if ~~THEY win~~ the ceiling is lifted. + +We are literally in the end game. Resistance (IE: Las Vegas victims) efforts through shills are picking up; getting more and more aggressive and "violent"...death threats to mods....RedditCares alerts. It is happening - this is undeniable. We are getting CLOSER! + +HEDGIES R FUK. **BANKS ARE BLEEDING!** +Well most of the time we post on what we missed losing for selling too early or buying too high; Sometimes we have to recognize what we did right or in my case, how lucky I got. Two weeks ago I received a $250k check from a house we sold. It'll be a while before we need it, so I thought- what the hell- I should be able to make a quick buck instead of just leaving it in savings. I deposited it to my brokerage account and I tried to buy 225 shares of TSLA at $1,115 or so thinking it would go back to $1200 in no time. My broker blocked the sale because of the waiting period before I could use the funds. I watched as the price went up a little bit so I was pissed.. then I watched it go down and down and down.. so even thought I could trade, I waited instead. + +TLTR: My broker saved me from at least a $60k error because I couldn't use the funds when I wanted to. +Hi all, im here for any suggestions about budgeting/managing our family condition. +Im 35(2500€ netto) , my wife 31(3000€ netto) with 2 Kids (1 and 4yo) +Here some numbers: + +Mortgage :750 (we live in Milan) + +Groceries :800 + +School :100 + +Nursery :500 + +Insurance (house/health/injury/mortgage/cars) :250 + +Gasoline : 450 (im lucky and i go at work in mountain-bike but my wife every day she has to do 110km) + +Loans : 400 (kitchen/bathroom/bedrooms etc..) + +Bills : 200 + +Restaurant/delivery food : 200 + +Sports : 100 + +Clothing : 150 + +Dog/cat : 150 + +Investment mom&dad : 550 (Vanguard lifestrategy 80/20) 15+ years + +Investment Boys: 200 (Vanguard v3aa) 20+ years + +HR investment: 500 (Bitcoin cold storage) until 2032 (3 halvings from now) + +Emergency fund : atm Only 2k, used for a serious unforeseen event past months. +Never thought of this. If you're married does your number needed to retire double or increase substantially? + +Maybe the same question but, what if you have dual incomes? Does the amount needed cut in half or decrease at all? + +I guess my lack of knowing what retirement funds exactly fund is my problem? +This would create major, major headaches throughout the year. + +DFV was right: **We are not locked in here with them. They are locked in here with us.** + +I wrote a post which unfortunately got deleted for wrong reasons, I hope it gets undeleted, where I elaborate on that thesis. + +Somebody pointed out that ATM puts are being used to suppress the price, this is expensive and only works temporary. + +I expect this to go on over year's end so that they can minimize short losses on their balance sheets. +I've been trying to tell everyone who I care about, "PlEaSe JuSt BuY oNe StOcK!" Just to be laughed at, argued with, or ignored. Fuck em' all I only care about apes now </3 +DogeBonk is a completely unruggable, spontaneously formed community token with the most potential to go viral of any meme coin since Shiba. + +Since DogeCoin exploded earlier this year there have been thousands of dog coins most of them scams, false promises and poor ripoffs with devs sole purpose being to make as much money from their holders as possible. Every day another team launches their coin trying to piggyback off the success of others, offering false promises of NFT marketplaces, metaverse worlds and whatever else is the newest trending hashtag on Twitter. These coins have forgotten that what makes you a meme coin is how good your memes are. Once you take a look at DogeBonk, you will understand why people are so excited by the idea of a meme coin with actual memes! + +Ads have popped up on pornhub and a billboard appeared in Manhattan just outside of Times Square! DogeBonk is different. The DogeBonk community spontaneously formed just three weeks ago on a dead dog token someone found with locked liquidity, renounced contract and SafeMoon tokenomics. We have grown from <300 holders three weeks ago to over 4000 today. We have no false road maps promising the world, we just spread our hilarious meme and convince others to join us as we bonk everything. Despite this, the community continues to deliver. The recent Rubic partnership for BonkSwap now means that you can trade any token from many different chains in order to buy DogeBonk, or even buying with fiat. The bonk meme generator was just released at [app.dogebonk.com](https://app.dogebonk.com), allowing for anyone to easily generate a DogeBonk meme. + +The memes and energy coming from this community is crazy. Just search DogeBonk on the search bar on Twitter and you’ll see what I mean. Once you see the quality of these memes you will see how DogeBonk has huge potential to go viral. DogeBonk is the most memeable project in the crypto space since Doge. + +# Is DogeBonk safe? + +* Liquidity was locked forever by burning all LP tokens 🔥 Ownership of the contract was renounced. +* See proof on our website. +* Contract is a 1:1 copy of SafeMoon which was audited by Certik. +* Top holder owns only 1.9% of the supply. +* Audited, listed on coingeko and coinmarketcap + +As microcap gems go, it’s an unruggable beauty. + +# Tokenomics + +* 10% tax on all transactions: +* 5% are distributed to fellow DOBO holders, +* 5% are added to liquidity to create an ever rising price floor. +* Token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) +* There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +Info + + • Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) ([https://t.me/dogebonk\_community%C2%A0](https://t.me/dogebonk_community%C2%A0)) + + • Website: [https://dogebonk.com](https://dogebonk.com) 🌐 + + • Buy on bonkswap: [www.bonkswap.com](https://www.bonkswap.com) + + • Contract: **0xae2df9f730c54400934c06a17462c41c08a06ed8** 📝 + + • Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + + • How to buy: [https://dogebonk.com](https://dogebonk.com) ([https://dogebonk.com/](https://dogebonk.com/)) 📖 +Okay Apes, The DD has been done, The DD has been consumed by apes and there has been no rebuttal to the facts of our DD anywhere. There is new stuff coming out but by now we all should know that it is inevitable. **The MOASS could happen any day now.** There are a lot of possible catalysts approaching fast that each on their own could launch us to Andromeda. + +&#x200B; + +Let's face it. **The decisions you make during the squeeze are going to be some of the biggest and most important of your whole life.** I hope that this post will help some apes prepare to be in a good frame of mind, and in as good physical and mental shape possible in the time we have left. So that as many of us as possible can be in the right shape to make the right decisions for ourselves and all Apekind. + +&#x200B; + +The bottom line is that your preparation before and health and wellbeing at the time of the squeeze will have an impact on your decision making and ability to think accurately. I believe you’re letting yourself down to not prepare and to not look after yourself and be good for the squeeze before, during and after. + +&#x200B; + +This is not financial advice. I'm just an ape trying to share some of what I know that I believe is of value to other apes and give back to this amazing community. I’ve learnt so much on this journey with you Apes and already changed my life for the better regardless of the squeeze. + +&#x200B; + +I’ve always been interested in maximising health and wellbeing and physical/mental performance/self improvement but 5 years ago I developed a long term illness and became obsessed with this stuff. I've now done a tonne of research and experimentation in the last 5 years and found some things that really work and am now in an amazing place in life. + +&#x200B; + +I’m going to split this into 3 sections, one each for preparing and nourishing your mind, body and soul for the MOASS. All of these intertwine to create a truly healthy person inside and out and if one of these areas suffers, sooner or later the others will suffer too because of it. + +&#x200B; + +**Preparing the Mind** + +Prepare and read as much exit strategy DD as possible until you feel confident in what you need to do come the squeeze. Have an exit strategy in mind, this post is not for going into exact exit strategy DD in terms of peaks and dips and price points, others have and will cover that better than I would be able. In short, don’t sell on the way up or before you’re sure it has peaked, it's better to sell on the way down and almost guarantees more profits overall as well as a higher peak if enough apes do it. + +&#x200B; + +This DD is about giving you some practical strategies so you will be prepared to stay calm as the rocket launches and be ready to welcome the 7, 8 and 9 digit numbers like old friends. Do not be scared of the big numbers, they are your destiny. Calm = better decision making = more tendies for all the apes. + +&#x200B; + +Visualisation + +&#x200B; + +“It is now a well-known fact that we stimulate the same brain regions when we visualize an action and when we actually perform that same action. For example, when you visualize lifting your right hand, it stimulates the same part of the brain that is activated when you actually lift your right hand.” + +&#x200B; + +Visualisation and mental rehearsal are the real deal, when not practising physically professional athletes visualise plays and certain movements they perform during play nonstop. This is proven to help performance and increase the CONFIDENCE of being able to execute at a high percentage. + +&#x200B; + +I’ve personally used this in my own amateur sport career to great effect and in other areas of life like business and the gym too. + +&#x200B; + +How I propose this can be used for the MOASS prep and what I have been personally doing: + +&#x200B; + +Close your eyes and imagine yourself in as much detail as you can logging into your broker during the squeeze and seeing certain numbers for GME maybe 10k, 100k, and up to 1m, 10m, 100m. Visualise yourself sitting there viewing the ticker and holding, getting up and coming back to your computer and still holding easily for as long as it takes until your floor. + +Imagine the price dipping and then soaring back up a few times until the peak and then selling one by one on the way down. Visualise and mentally rehearse you pulling off your exit strategy flawlessly. + +Do this once a day and I promise you will be more confident during the MOASS and more likely to achieve your exit strategy goals. + +&#x200B; + +Practising mindfulness + +&#x200B; + +“According to neuroscience research, **mindfulness** practices dampen activity in our amygdala and increase the connections between the amygdala and prefrontal cortex. Both of these parts of the brain help us to be less reactive to stressors and to recover better from stress when we experience it” + +The benefits of mindfulness and meditation are countless and the science is now irrefutable. Practising mindfulness through meditation is in my opinion the number one best thing you can do for your mind to keep it working well and be more at peace with the world. I’ve now meditated everyday for almost 4 years and am able to deal with stressors relatively easily. It's hard to put into words how powerful a meditation practise is. There is a reason such a high percentage of the most successful people have a daily meditation practise. + +&#x200B; + +My favourite meditation quote: + +“Your mind is the basis of everything that you experience and of every contribution you make to the lives of others. Given this fact, it makes sense to train it.” -- Sam Harris + +&#x200B; + +Practise 10 minutes a day to start if that is all you can manage. I would highly recommend trying out some longer duration guided meditations too, the longer the meditation the more beneficial effects you will witness in my experience. + +I find it a lot easier and better lying down when I meditate without having to worry about posture especially if you’re a beginner. + +I recommend the insight timer app for free guided meditations perfect for beginners and experienced alike. Pick a highly rated one, block out some time to chill and work on yourself and trust the instructor and go with it. Remember it is meditation practise not meditation perfect, don’t expect to be a master straight away, be kind and encouraging to yourself for doing something positive. + +The goal is not to have zero thoughts. The goal is to be the witness to your thoughts and observe without engaging in them. + +Once you start to see benefits and enjoy the practise it becomes a true joy. + +If you’re feeling stressed, anxious or overwhelmed during the MOASS or at any point in daily life chucking on a good guided meditation is a surefire way to snap out of that state and gain some clarity as to what is happening and how best to move forward. + +Do this and your MOASS experience will work out better than if you don’t, I’m fairly certain of that. + +&#x200B; + +Be discerning with where and how you spend your mental energy. + +&#x200B; + +Social media is designed by some of the brightest minds of our time to keep you scrolling, to keep you clicking and to keep you getting those tasty dopamine hits. To suck as much of your time and attention per day as possible into their app. With GME this is even more powerful with the delicious hits of confirmation bias that we can deliver to ourselves so easily. + +There is such a thing as too much though and when you’ve already done enough reading and DD and upvoting and Apeing for the day or the week you need to be able to realise that you’ve come to that point and take the power back. Put your phone down and switch off from all of this. You don’t want reddit (or Facebook or IG, youtube etc.) to be taking up too large of a percentage of your day to where you are neglecting other important things in your life, depriving yourself of sleep and healthy living habits etc. It is very easy to do because of how powerful and addictive these technologies are but being aware of it is the first step to taking back control if you think you have an issue with this. + +I personally think it is an unfair fight for us against this addictive technology and the might of the tech giants. I enlist the help of app blockers on my phone and PC to limit my use of certain social media apps and websites. I would definitely recommend at least having them on at night so you can’t stay up too late in the internet wormhole and badly affect your sleep. + +You wouldn’t want the MOASS to start and for you to be tired and dopey from mindlessly scrolling social media all night the night(s) before. You want to be awake, well rested and alert and confident in your ability to execute when you need to during the MOASS. + +**Preparing the Body** + +I’m sure most of you intellectually know the basics of what I’m going to say now but seriously if you don’t have some of these healthy habits in your life already what better time is there to start than now? What better reason to look after yourself so you can perform during and after the MOASS. + +Exercise + +Make sure you’re getting some form of exercise everyday. We will all be at different levels of fitness and know-how but anything is better than nothing. I know during covid it's tough for some but even just getting out in the fresh air once a day and going for a leisurely walk will be very beneficial for mind, body and soul. Don’t jump straight into intensely working out if you’ve been doing nothing, that could potentially have you exhausted come the MOASS which is the opposite of what we want. The goal is to just not be completely sedentary and to be in a better place mentally and physically than you are now even if its just a few steps in the right direction. + +Sunlight + +Getting some sunlight on your skin is such an underrated and overlooked aspect of health these days. We all spend so much time inside on our devices. + +Make an effort to get at least 20-30 minutes of sunlight a day if possible, ideally with your shirt off so you can absorb more of that delicious vitamin D. Vitamin D is responsible for the proper function of an amazing amount of mechanisms inside our bodies and so many of us are deficient. + +This will also have the added benefit of balancing your circadian rhythm and allowing you to sleep better. + +If it's not sunny where you are, get a vitamin D supplement and start taking it. + +Getting outside and in nature and the fresh air even for a short while during the day even if its not sunny where you are will still benefit you. + +Nutrition + +I’m not going to get too deep into this as some people get so attached to their diet and ideologies surrounding food. + +Just make an effort to eat better than you have been, nearly all of us have some room for improvement in our diets. Focus on whole foods that are nutrient dense as far as your budget allows and try to stay away from the shit we all know is not good for you, the heavily processed fatty, carby, sugary shit. Don’t overeat, eat to satiation and stop. + +I believe so many modern health problems are caused by humans having an unnatural relationship with food today. We have changed from treating food primarily as a fuel for our bodies and minds to now using it more as a tool to make ourselves feel good for short bursts when we are eating it. Putting the importance of taste far above that of real nutrition and not giving ourselves the building blocks we need to perform to our best. + +Treat more of your meals primarily as fuel and your health and relationship with food will improve. + +Sleep + +Being well rested and getting your sleep is one of the major keys to being at your best. For some it is not easy and it took me a long time to improve my sleep habits from being terrible to now being able to consistently get 7-8 good hours a night and go to bed at a decent time. + +Here are some basic tips that make all the difference - try to get to sleep before 10PM, hours of sleep before midnight are worth more than the hours of sleep after midnight according to a lot of people and I have found this to be the case in my experience. + +Limit your phone and exposure to blue light before bed, ideally have your phone in another room at night so you aren’t tempted by it and make a commitment to not use your phone for an hour before bed so you can switch off. Create a night time and bedtime routine and stick to it. + +If you have trouble getting to sleep try one or all of these - a yoga nidra guided meditation, magnesium L-threonate or a good quality melatonin supplement. I’m also a fan of CBD as well. + +Doing the other things in this post particularly the sunlight, meditation and exercise should also help you sleep better and more easily. + +&#x200B; + +**Nourishing the Soul** + +if you’re some cyborg that doesn’t agree we all have a soul skip this section lol. + +Enjoy yourself and switch off from this whole GME saga for a while each day. Do what you love, spend quality time with your loved ones, your friends, play with your pets, watch your favourite shows, engage in your hobbies, get out in nature. Do the things that keep you out of your head and bring you into the present moment and recharge and nourish yourself. + +&#x200B; + +Gratitude + +Practising gratitude is very powerful, with research in recent years finding that it has emotional, social, personality, career and health benefits. + +This is a good article that lays this out in detail. [https://positivepsychology.com/benefits-gratitude-research-questions/](https://positivepsychology.com/benefits-gratitude-research-questions/) + +Besides the basic things we all have in life to be grateful for, stop and think about how lucky we are to be in this position. Realise how fortunate we are to be given this incredible opportunity. This is massive. **Out of 7 billion+ people we are part of the few million or so that know about the MOASS and are in a position to change our lives and the history of the world while fucking some greedy hedgies and making ourselves rich in the process.** + +Make no mistake this saga will go down in history and we were the ones lucky enough to be there before it all kicked off and in just the right place to benefit from it. This is truly a one of a kind history making phenomenon and we are here all together on the brink, Ape with Ape doing something so special it is hard to fathom. + +We are going to look back at this as some of the best times of our lives I’m sure of it, **be thankful.** + +&#x200B; + +**And finally lets fucking enjoy this shit!** + +&#x200B; + +This kind of goes along with gratitude but lets fucking enjoy this shit! Being jacked to the fucking tits is fun as fuck and should be a daily occurence. Watch some hype videos and fist pump, dance do whatever, read your favourite bias confirming DDs and get fucking JACKED to the tits with your fellow apes. There is a time for serious DD and a time for laughing and being filled with joy and excitement about this coming MOASS. + +**This is a once in a millenia occurrence and we are part of it, lets fucking enjoy it and lets get fucking JACKED to the tits!** + +Hopefully this post can convince some of you that preparing for the MOASS in these ways is the smart play both for yourselves and Apekind. + +Good luck during the MOASS fellow apes and may we all blast off to the andromeda galaxy and return with mind boggling amounts of tendies and more stories for our grandkids. + +**APESTRONG** + +TL:DR The MOASS is close and could happen any day now. Prepare by looking after yourself so that you are in the best mental and physical condition possible to successfully execute your exit strategy and make the most of it for yourself and all Apekind. Do this by nourishing your body, mind and soul. + + +**EDIT**: I made this post and went straight to bed (Aussie Ape here). I wasn't expecting too much from this so waking up to such an amazing response from all you apes has been incredibly heartwarming and encouraging for me. This is the kind of stuff I would like to do post MOASS so thank you for your appreciation fellow Apes it means a lot. I am truly grateful to be part of this community. +**Company Summary** + +Enbridge Inc. ("Enbridge" or "the Company") is a leading energy infrastructure company in North America with about 17,000 employees that are mainly concentrated in Canada and the United States (U.S). The company primarily operates through five (5) segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution & Storage, Renewable Power Generation, and Energy Services and each of these segments contribute 26.2%, 12.3%, 11.5%, 1.5% and 48.5%, respectively to total revenues. + +Under its key business - Energy Services, the company transports energy through the most extensive and advanced crude and liquids pipeline system that spreads across 17,127 miles globally. The company transports 3 million barrels of crude every day which accounts for almost 63% of the Canadian crude oil production that are transported to the U.S. Enbridge generates stable fee-based revenues from its diversified network of midstream assets.  + +The following fundamentals and factors have been evaluated and summarized to make an investment recommendation regarding Enbridge: + +**Earnings Per Share (EPS) Information** + +* Current Quarter (Q1, 2021) EPS Estimate 0.55 +* Current Year (2021) EPS Estimate 2.05 +* EPS growth in 2020 vs Previous Year -6.52% +* EPS growth in Q4 2020 vs Previous Quarter 19.44% +* Estimated Long-Term EPS Growth Rate 6.00% + +**Dividend Information** + +* Dividend Yield 6.73% +* Annual Dividend $2.61 +* Payout Ratio1.35 + +**Price to Earning Ratio (P/E ratio)** + +* P/E 18.96 +* Trailing 12 months 21.30 + +**Financial Summary (in millions of CAD)** + +[Source: 2020 Enbridge Financials](https://preview.redd.it/x5rnhs3pbbx61.png?width=503&format=png&auto=webp&s=27b80e2123818bdfd521e5579ed4c30749b01dff) + +**Key Financial Ratios as at 2020 FY** + +* Gross Margin 36.75% +* Operating Margin 19.38% +* Net Margin 8.65% + +**Comments and Recommendation** + +Despite the fact that oil prices declined by a significant margin in 2020, Enbridge managed to generate a steady stream of cash flows regardless of the prevailing macroeconomic uncertainty - thus showcasing the resiliency of its business model and making it **a top buy** (especially for value and contrarian investors). + +The company's stock has an attractive forward yield of over 6%. It has increased dividend payouts for 26 consecutive years including a 10% hike in 2020 and a 3% hike in 2021. Tracking the Enbridge stock in line with input from other analysts reveals a 12-month average target price of $52 which is 11% above the current trading price as at the time of writing this report. After accounting for its attractive dividend yield, annual returns will be closer to 17%. + +Through 2023, the Company's management estimates that the Enbridge stock will grow its distributable cash flow per share by 5-7% per year. This should lead to healthy dividend increases of approximately 3-5% in the period. Therefore, ignoring any potential valuation expansion, Enbridge can deliver annualized returns of 10-12% through 2023 and these returns will primarily come from its compelling dividend yield of 7%. + +Original post and full analysis can be found [here](https://info.utradea.com/idea/6091ab39985592700c0400a9) +I'm an accountant and for the last few months, I've received numerous calls from clients wanting to understand what effect their huge Capital Gains from the stock market will have on their taxes - or to simply understand how Capital Gains work as they are first time investors (i.e. how does it work within an RRPS or TFSA). The last time there was this much excitement among clients about their stock market investments was in 2007, the year before the last crash. Everyone's excited about the huge gains they're making and they are all in a rush to get more money in the market to make even more money. + +I think certain investors are going to eventually walk away with the profits before anyone can notice and leave the novice picking up the pieces. +Hi :) + +I’ve been debating on posting this but figured I need the help. I am a single mom who worked very hard to save about $70k and I am still saving away. I had half of that in an RRSP that was “actively managed” and had a MER of 2.04 (literally knew nothing about investing/MER/ETF’s at all, just wanted to build a future for myself and my child). I have not been very financially literate but am really trying to change that. I started to wonder how the investment person was making her money and then did a lot of research. Bought “Reboot Your Portfolio” and learned lots and decided I am going to do my own ETF’s and chose Wealthsimple based on the book and Reddit forums. So, I opened up an RRSP trade account on WS and moved my money there from the other RRSP and my savings account. + +And I haven’t done a goddamn thing with it. I am scared I am going to make a mistake. I don’t know how to get the ratios they talk about in the book (foreign, bonds, US). I was thinking XGRO or VGRO because I don’t need the money for at least 25 years, and that seems like a good option based on my research but I don’t know? I just feel scared I’ll do the wrong thing. I read the “rate my portfolio” section here and am not quite sure how people make those purchases. I also save monthly and want to make regular contributions but don’t know if I would keep buying more trades of, say VGRO, or what. And do I just buy something like a VGRO and call it a day, or do I buy lots of things? I know I might sound ridiculous but I felt like I had a decent understanding and now it’s action time and I am panicking a bit. Would anyone help me here? I have managed to get myself out of a terrible situation and into one that is hopeful and I just want to get this right. + +Thank you all so much. + +EDIT: WOW. Guys- thank you. I want to first sincerely thank you all for taking your time to help me, reassure me and validate how scary starting can be. I am *not* too scared to invest and I am in it for the long game, understanding that things go up and down and I have to look at the long game. I’m not too scared to try, I just got totally freaking overwhelmed at what the hell to buy (lots of new acronyms to wrap my head around). + +ALSO TO MY SISTERS: my inbox is now full of messages from women who lurk this forum like I did. It’s obvious that a lot of us thought this was a “man’s game”- that is certainly how I was raised. I’m really glad I posted, for myself firstly and because you never know who you’re going to help. + +I’ve decided to make some smaller purchases to get some skin in the game, keep learning, make a list of ETF’s that were listed here and watch them, do the Vanguard risk tolerance quiz, and maybe most importantly, to trust that people are decent and genuinely want to help. I’m really appreciative of the support and encouragement. + +Thanks again. +For a long term dividend growth portfolio how many stocks do you think is the sweet spot? In how many sectors? How should it be diversified in terms of individual stocks vs REITS vs ETFs? +If it was not an issue nobody would have delayed it. The DD is correct and just as in January its Buy, Hold, Vote. + +The chasm between what you're told to believe and what truly happens has just widened and deepened to an unfathomable level. The current cash in existence is not enough to cover. More time is needed to print more currency. ♾ + +"Be greedy when others are fearful" + +Position. Strengthening. Every. Single. Day. + +I can hear the eerie but deafening silence on Wallstreet. I can hear the rumblings of a sweeping change on a global scale about to unfold. I can feel the flood gates of centuries of corruption and deceit about to burst... + +*Tick... tock....* +I’ll go first. I was much more financially successful in my early 20s. There was a period of time I was without a washer and dryer. After my first big check I went to Home Depot and purchased their top-of-the-line washer and dryer units cash. + +In the years since I’ve carted those suckers from apartment to apartment. I can barely afford to scrounge to buy a few new outfits a year at the thrift shop but damn it if I’m no longer paying a laundromat. I’ve been told a few times I could get a good price for them and use the money to furnish my house or put into savings but I refuse! + +Sometimes i feel like we get caught in this scarcity mindset society brainwashes us into believing because we are poor we don’t deserve anything nice at all. I call BS. I deserve my Tide Detergent and Luxury W&D. +Around 1 in 7 Australians are [hesitant](https://melbourneinstitute.unimelb.edu.au/publications/research-insights/ttpn/vaccination-report) to get the vaccine. With new mandates being rolled out through industries across Australia, some people are complaining that they are being "forced" to get the jab or they'll find themselves without a job.I don't want to get into a discussion about whether this is a human rights issue or not, rather I'm asking the question of what will (or should) happen to these people as their access to income is challenged? + +Will people be left out of work altogether? Since a lot of industries are requiring vaccination, options will be significantly reduced/limited. +Will they have access to jobseeker payments? As far as I know it's means-tested; since it's a choice not to be vaccinated will/should they be entitled to this allowance? +Do you think there will be government support programs for these individuals to rejoin the workforce? Programs like this, and jobseeker, will require government funding, which taxpayers could find 'unfair.' It may be problematic/unethical to withhold income support for people, however if it were their "choice" to be out of work, exactly where does the line fall? +Finally, do you think this change is going to impact the economy? Housing market? What follow-on effects might it have? + +Interested to see what people think. I understand this may be a controversial discussion so let's try to stay civil and on-topic. + +(Also, for the record I'm fully vaccinated) +I'm new. + +I'm trying to see if Algo Trading is a legit thing. + +Are you successful doing it? + +When did you start? How long ago? + +How long did it take until you became successful? + +What's your winning percentage? + +How much money do you make? + +What platform do you use? + +What do you trade? (Forex, options, all the above?) + +Do you use Python? (I love python) + +What broker do you use? + +Does that broker have an API that let's me run python scripts? + +Is this the main thing you do for a living? + +Do you have a day-job? And just run your bots by day and build them at night? + +How much money do I need to start? $100? $1k? $10k? + +I'm a Software Engineer. How can I start? + +Can you list links to any resources you found useful? + +Is a typical Data Scientist background the main background required? + +Please share! + +Thank you! +So I have a solid NW and high paying job. My mom still works but has essentially no savings and was being forced to move to a new rental a few years ago at age 68. I bought her a house for $800k and put $200k down. She pays $2500 a month in rent to me. I lose probably $10-15k a year after taxes and everything. + +I told her that she should basically treat it as her own house, make any upgrades she wants without my approval needed. + +My mom and her new husband (have been together for many years and I like him) have put in about $40k into various remodeling projects. + +Now we are seeing that the value is maybe $1.2-1.3 million. They are thinking we should split the profits in some way. When we got into this profits weren’t discussed and they have benefited from below market rents and stability. I agreed to never sell it or raise rent. + +We also have some other maintenance repairs needed of $10-15k and the question is who pays for these. + +I realize we likely should have ironed all this out up front and it is more difficult now. + +My thought is perhaps I agree that all of this home equity is essentially theirs for rest of their life if they wanted to move or something then I would agree roll it to a new place and they could cover most of the mortgage so my annual losses are same as they are today. + +If they wanted to downsize or just end the arrangement I was thinking I could take my down payment and figure out what the SP 500 did over same period and pay that return amount first and then split 50/50 whatever is less after paying taxes and everything. This might end up running into gift tax issues and things though so maybe would be paid over a few years time. + +Perhaps it is a personal deal in terms of how to divide it all up. I certainly have more than I need and can help my mom and her partner here but I also took the risk of buying this and had the opportunity cost of not being able to invest this $ in the market while tied up in the house. It now seems that because wit is worth so much more they are thinking they deserve a cut of the profits. I could certainly just stand tall that I own 100% and that was always the deal but it seems pretty greedy and these profits don’t really change my lifestyle at all. +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. +So long story short, I am close to FI but not there yet, due in part to HCOL area and two small kids. My professional job is very stressful and mostly thankless, sometimes (as in yesterday) giving me severe anxiety to the point of physical manifestations and not-so-jokingly considering quitting on the spot. + +I have always been a play by the rules person, responsible, a plan. On paper I could continue this route and be totally FI and RE by 50 (more than 5 years, less than 10). But I just dont think i can do it. I think i need to take a step off the hamster wheel and try something new, almost certainly for less $$, to regain some quality of life. I have some ideas, but some are not immediately available due to licensing timelines. + +I guess I am just venting and/or seeking validation for the idea of *not* doing what is best on paper/family finances in exchange for the hope of having a better quality of life and being less stressed (so more and better time with the family) and making peace with the fact that going off script and not doing the "right" thing is ok. It helps that we have sufficient reserves that this will not put house/529s/food/enrichment activities in danger. Just likely push the RE date back...but if I end up finding something I dont hate, then not so bad, right? Risk is not finding that new balance and still being stressed. But sometimes the Devil you know *is* worse... + +Thanks for listening. +So like the caption says I am very lucky to be in this situation, however I am not sure where to start and don't want to lose it all. I'm in my late 20's so I'm still pretty young, no debt but I work a dead end job. + +&#x200B; + +Should I just get a financial advisor? I'm not sure if they're useful for what they'd cost, and if I can learn what to do on my own I'd prefer that. I see people recommending books like 'A random walk down wall street' and bogleheads, do those tell you most everything you need to know or is there more to it? Any materials you'd suggest would be greatly appreciated. + +&#x200B; + +Any specific tips, or hell - tell me what you would do if you were in my situation. I'd love to hear that as well. +Ihave been having a hard time in these markets. So, I wanted to find the simplest way to make a minimal living through trading. + +What do you think about this: + +Objective: make 2k a month + +How: Sell puts on UPRO At 15 days, 30Delta. If I get assigned, I can sell calls at cost price or more until i sell them off. + +Dollar cost averaging at each assignment. + +Sell more in high IVR. (Great decay) + +I don’t really care at all BPR or about being more efficient with my money. I just want to have this small piece of the puzzle first. + +Easy to reduce cost basis if big sell off. + +Can you please either destroy my thesis so that I can see where this can go wrong or arguments to support it? + +Should I be buying options instead? Which options? +I’m currently reading the BRRRR book, and being the first book on real estate investing, it has a lot of what seems to me great information. + +I was looking into getting two of their other books, Rental Property Investing and The Book on Estimating Rehab Costs, but I would like an opinion on if they are worth it. Obviously, BP is a business that needs to make money, but I just want to make sure i’m not paying money for repeated information without more substance. + +If there other non BP that you think would be helpful feel free to lmk +I find it amazing the amount of bystanders that stand at the side and check the charts 45+ times a day, waiting for the inevitable green dildo to send $GME to the moon. + +It is the same bystanders that hold XXX shares with Fidelity and or Vanguard that could easily send this to the stratosphere. + +If you are passionate about the stonk, put your money where your mouth is and make the phone call. + +Back from Croatia 🇭🇷 +I've seen a few comments on posts lately stating that a lot of investors don't use DRIP to reinvest dividends. Can someone please explain why this might be a good idea or bad idea? + +My current dividend holdings are Apple, Verizon & Walgreens, and have a few others on deck (Intel, Lumen, a couple REITs). + +I have my current dividend holdings set up for DRIP. I know dividends aren't paid on fractional shares but as my holdings increase and the fractional shares become whole, it seems more worthwhile. I'm 32 and plan on holding them for years. My other train of thought would be to take the cash from the dividends and reinvest into something like Lumen or a REIT. + +I know everyone's strategy is different but I'm trying to get some insight on DRIP specifically. Appreciate the help! + +Edit: Thanks for all the great input! +The retirement age where I live is 68 years. I am 24 now but I already had a good portion of health issues. I really doubt I will make it past 70 so the whole social security and retirement system seems totally useless and irrelevant to me. + +I don't want to work until the day I die and I don't have a wife or children to take care of me when I'm old or sick, so I just want to buy myself at least a couple more years of work-free time to focus on my hobbies. + +I was just wondering if there are other people with same motivation. + +*Typo in the title, meant to say "will" instead of "won't".* +It looks like $150k is the new $100k and has been for the past couple of years. Most government pay bands top off at $150k and to go any higher, you would need to be a manager. Most private jobs as well seem to top off at $150k unless you are in a highly competitive field. + +So my question is, how did you break that barrier and what did it take? +After multiple successful green weeks I finally had my worst trading day. + +Started out the morning +800 just to close -3000. I wanted an extra 200 to meet my daily $1000 goal and ended up being down 3000 dollars effectively setting me back 4 days in 1 day. I broke all my rules, traded maybe 300 times, and just lost it desperately trying to scalp back as the market reversed back up. I am genuinely in shock as I thought I left this beginner mentality behind months ago. I'm sorry I just wanted to vent, this really broke me today. I'm not going to trade tomorrow as I'm still tilted and going to continue on Monday. I am still profitable, but today was genuinely embarrassing. + +Edit: I wanted to make an edit I am not homeless or anything (thank you for the pms though), I am still up 33k on the year so far, but obviously a 3k loss is basically 10% of my yearly gains wiped in 1 day. My new rules is 3 strikes and you're out, max loss is 500 a day. Everytime I break a rule I am banned from trading for a week. I will be disciplined even if it kills me. +I realize this is unlikely to be a popular post, because both /r/povertyfinance and /r/personalfinance seem to have a bit of an obsession with trades and trucking jobs. Since there have been [several](https://old.reddit.com/r/povertyfinance/comments/9qndmr/last_year_i_was_earning_the_minimum_wage_and_now/) of these [threads](https://old.reddit.com/r/povertyfinance/comments/9qf37o/i_just_wanted_to_let_you_guys_know_about_an/) posted here lately, all highly upvoted, I think its important people understand the reality. + + +But before doing that I'll just preface this by stating: I'm not saying there is anything wrong with trucking or skilled trade work. It pays OK, and the barrier to entry is low enough that it can be a good option for many people. The issue with this topic is the hysterically large sums of money that people seem to infer is "normal" for these types of jobs. + +The **median annual wage** for *heavy truck drivers* is $20.42/hour or $42k/year, for *electricians* it is $26.01/hour or $54k/year, and for *plumbers* $25.28/hour or $53k/year. Are those all good wages? In most of the country, yes. Will they get you out of poverty? Yes. But remember, those are **medians,** which means you could very likely make less than that. + +Almost no one in the trades or driving trucks is making these large salary numbers that get tossed around here. I have no doubt the people posting are getting paid what they say in most cases - but they are the exception. It seems people are forgetting if you work enough hours in any job, you'll make a lot of money. Truckers making $90k a year aren't normally being paid that much on a per hour basis, they are just working 60 hour weeks most of the year. Work any job that allows that kind of overtime and you'll make good money. And of course there are cases of people in trades making $90k a year with little overtime. They tend to be *in unions* in *very high cost of living areas* (and their wages won't apply to 99% of people in the occupation). + +Finally, most of these jobs are **not** in some sort of "shortage." Trucker jobs, for example, are expected to grow about as fast as all occupations (according to the Bureau of Labor Statistics). Certain regions may have a temporary shortage, but it isn't national and it won't last long enough to drive up wages. Jobs involving trucking and trades are actually very cyclical. During an economic downturn, these jobs get hit worse than other occupations because they rely on commerce or construction activity. +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've not fatFIRED yet, but I've got this question about how the rich differs from the middle class in their spending. + +Read this in WSJ today: + +***For the wealthy, stock portfolios can be spent without a sale using a “buy, borrow, die” maneuver of getting low-interest loans secured by their investments.*** + +This intrigued me. Given someone in his 40's with the region of 7-10M net worth with passive income of 20K a month, would he be ready to switch to the "buy, borrow, die" way of financing his life? If yes, how would be start? + +Thank you! +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +*** + +Enjoy! +My wallet has been hacked- it's adding up to about a $175k loss (not including appreciation later)... trying to figure out how they got access, but is there anyway to track this person down? + +[https://bscscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037](https://bscscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037) + +[https://ftmscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037](https://ftmscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037) + +Should I maybe report to FBI or something? + +Or, dude has to withdraw *somehere*... right? + +Thanks for any advice you have. + +**UPDATE: OMG YOU GUYS!!** + +I don't know if he saw this post and got spooked, or WHAT happened, but he returned back 236 BNB today!!! + +I CAN'T BELIEVE IT! + +He hasn't returned my FTM yet, I am not sure if he sent back \*ALL\* of the BNB, and I am out a few thousand dollars in gas fees, plus the money I lost when accidentally sending DeRace to the wrong wallet when I was trying to move fast. + +I think I'm down maybe $50k, maybe less, need to check. + +BUT HE GAVE ME THE BULK BACK!! THANK YOU SO MUCH!!!!!! + +I'm trying to message back the very helpful people in chat but my chat isn't working so I will respond as soon as chat works. THANK YOU!!!! +https://www.cnbc.com/2020/02/03/tesla-stock-soars-hitting-700-per-share-for-the-first-time.html + +Shares of Tesla soared 19.9% on Monday after Argus Research raised its price target to $808 from $556. + +Argus also raised its earnings per share estimate to $8.01 from $5.96 and expects that to double by 2021. + +The firm’s analysts cited Tesla’s strong fourth-quarter financials, which exceeded Wall Street’s expectations last week. +Since 2013, I have been working over 60 hours a week in one way or another. Twice because I had very demanding jobs, and all the others because I was working side gigs. I’ve worked nights in a restaurant, freelance written after work, and worked in promotional events on weeknights and weekends. + +From a financial standpoint, it was a fantastic boost for my goals. I was always making $15/hr or less, and usually in temp jobs. I needed more security. (As of March, I have a new permanent job that pays $20/hr. Remember this, it’s important later.) + +I paid off my student loans in 7 months, got out of $4,000 in credit card debt, saved $10,000, and was able to move into my own apartment where I live alone. + +I finally settled into my place about a month ago, and I’ve had a lot of time to think. I was looking at my budget thinking and wondering what the next “thing” was. Use side money to begin contributions to an IRA? Get enough money saved for a down payment on a car when mine kicks the bucket? Extra money for a vacation? But nothing was immediate. That was frustrating, so I had to think more about what the side gigs could help me with. + +During this time, I also started thinking about a lot of opportunities I missed BECAUSE of my side gigs. I had to decline friends’ invitations to hang out, visiting my family, and taking up hobbies. I also did not focus as much on things outside of my main job that could have improved my main income, like networking and doing a little outside research. + +I realized something: I was becoming a robot. I was not truly involved in the things I was doing - just going through the motions to get the money I needed. I felt empty knowing there was nothing left financially to achieve... and that made me feel kind of pathetic. My life had revolved around making money. I didn’t even know what was going on in my friends’ lives, and I couldn’t answer “what do you like to do in your free time?” outside of making money and pushing myself to meet goals. + +On top of that, there was no longer a NEED to be a robot. I made enough now to live comfortably and save way more than $200 per month. I’ll be eligible for the 401k next year. We get yearly COL raises and bonuses. There was no reason to continue busting my ass when I had enough now to live in my means, and a little more, and I was in a healthy financial place. + +So two weeks ago, I decided to stop all forms of outside money-making. The only thing I will continue to do is one summer gig that doesn’t pay well, but genuinely makes me happy and doesn’t eat too much of my time. Things are already changing for the better. I’ve had more time to study for my job (which my boss has noticed and was impressed I took initiative on) - that will mean doing my job better, and getting a better raise next year. I have also talked to my friends and family on the phone more and found out what’s going on with them. Even having the space to make healthy meals and exercise has been a huge benefit for my mood. + +And, I did carve out space in my budget for saving for a new car and some vacations. While continuing to put away towards my emergency fund. + +Side gigs are excellent opportunities to get yourself out of bad financial situations. Overall I don’t regret it - but in hindsight, I wish I had made a game plan to know when to stop. It’s easy to become addicted to the extra income, but it’s not worth it at your own expense as a human being. Side gigs are just that - something you do on the side because it’s either fulfilling or getting you out of a bad spot, not a permanent band aid. + +I didn’t expect my rant to be this long! But I hope it helps others not lose themselves in the pursuit of money. + +EDIT: Just wanted to say that I love the discussions happening in the comments. It’s great to hear the pros and cons of side gigs, when to halt and when to take it to the next level, and all the gray area and special circumstances around the gigs and “side job” culture. You hear “find a second method of income” as part of a lot of financial advice, but there’s much more to it than just showing up and waiting for the money. Thank you all for your input! +I never realized how polarizing dividend investing could be until I started researching around Reddit. A lot of people say it's much more worthwhile if you focus on stocks you think will give you more of an overall profit than simply chasing dividends, which makes sense but I don't own a crystal ball. I also see a lot of people say that dividends is just money that you already owned in the first place, but I can't help but think if my assets are still growing in value then I just got a sweet little paycheck without losing any of my money-generating assets. Almost like you sold some without actually selling, in turn generating some decent cash flow. If I assume that my stocks are going to continue to grow then that little paycheck seems like a pretty sweet gig, especially since the alternative would be to sell off your non-dividend shares to get any money back. I know there are tax implications involved but if I focus on ETFs that distribute qualified dividends like VTI and SCHD and take advantage of tax-advantaged accounts then what's not to like? + +Kind of just rambling and researching but what is your argument for people that say dividend investing is useless or not a good idea? +I recently got a decent paycheck (~120k) I've been hanging onto and I am planning to put it in solid index stocks. Mainly VOO an VTI. + +What's everyone else up to? +A few weeks ago I stayed in a beach house vacation rental in South Carolina and noticed it was on the market for sale. I’m now in Florida (near the beach) visiting my parents and noticed at least 2 short term rental homes for sale in their neighborhood (50% of the homes on the market in this neighborhood). Is this a wider trend? If so, why are these short term rental owners selling now? + + +### Key points: + +* Gamestop stock is set to end the year up 724%. +* However, the company is yet to unveil a clear transformation plan. +* As a result, it is risky to invest in the firm at its current valuation. + +The GameStop Corp. (NYSE: GME) stock price is set to end the year up 724% after an epic run that saw the company saved from imminent bankruptcy by retail traders keen to upend the dominance of institutional investors in the stock markets. + +Many wonder what is in store for the company as we head into 2022. The good news for investors is that the company has approximately $1.4 billion in cash at hand after recently selling some of its stock. + +The significant cash hoard can allow Gamestop to branch out into other fields as the video rental market shrinks further, driven by shifting consumer preferences for downloaded movies instead of physical disks. + +Gamestop also has fresh leadership in the name of Matt Furlong, appointed as CEO in June 2021, and Ryan Cohen appointed as chairman. Many will remember that the rally in Gamestop’s share price started in January 2021, shortly after Ryan Cohen’s appointment. + +The rally in Gamestop shares created a whole new category of stocks known as “meme stocks”, primarily driven by buying interest from retail traders after identifying significant short positions held by institutional investors. + +So far, the company has not outlined a clear transformation plan as we head into 2022. Still, one of the ways it can shorten its transformation journey is by acquiring other companies in its target industries. + +Until Gamestop unveils a solid transformation plan, investors risk significant declines in its share price in the new year as it might be hard to justify the stock’s current price of $155 if its current operations are not generating profits. + +Most people agree that the movie rental business is long gone and that Gamestop needs to reinvent itself. The stock remains a significant risk until there is a clear plan for how to revitalise its operations in the new year. + +Therefore, I wouldn’t buy Gamestop shares at current prices. However, we cannot rule out another short squeeze in future if institutional investors start accumulating significant short positions and retail investors get wind of the same. + +\*This is not investment advice. Always do your due diligence before making investment decisions. +Just to promote the other thread in case it gets buried. Not trying to karma whore. +There is evidence that shills may be attempting to make it look like apes are calling for violence or spreading violent ideals within this sub. +This may be jumping the gun but it is better to be safe than sorry. +Please report all posts advocating violence. +I will post a link to the other ape’s thread. + +I just like the stock so fuck you SHF go fuck yourself. + +P.S I am happy +Did you know TacoCat spelled backwards is also TacoCat? Well regardless, that is an obligatory piece of information. Now moving on.. 🚀🚀🚀 + + +TacoCat 🌮🐱 is not your regular BSC shitcoin. Oh no. This thing is picking up steam so fast, and possesses an absolute behemoth of a marketing team behind it. However, I appreciate that these days, people want to see what differentiates this coin from all the other moonshots out there. Allow me to explain. + + +🌮 HUGE LIQUIDITY 🐱 As of writing this post, according to Bog Charts, ~$1.8mil is locked in liquidity. This ensures protection against volatile price action, meaning whales selling will never crash the price substantially. + + +🌮 UNIQUE TRANSACTION FEE 🐱 We constantly see coins returning big percentages of the tx to holders, claiming this redistribution feature to be beneficial. TacoCat takes a 9% fee per transaction, and puts 8% back into liquidity, while redestributing just 1% back to all holders as a small thank you. The 8% going to liquidity means as the project and its holders grow, the liquidity will keep getting larger, and the price floor will rise accordingly. + + +🌮 BASED TEAM AND BOG DEVS INVOLVED 🐱 It’s no secret that everything the devs from Bog touch turns to gold. You can confirm their involvement in the project by joining the TacoCat Telegram and researching it yourself. Furthermore, the core team is ever expansive, and contains incredibly honest and hard working people. The owner conducts regular voice chats daily to directly address any fear, doubt or uncertainty. + + +🌮 HUGE MARKETING PLANNED 🐱 The marketing which is planned for this project is absolutely insane. If you thought that Safemoon or Elongate had incredible advertising and endorsement, just wait until you see what TacoCat has in store 🚀. I recommend joining the Telegram and listening in to the daily voice chat session to find out concrete details, but to share some teases here, think celebrity/influencer endorsements, family friendly mass-appealing merchandise store and branding, and even their very own Tequila brand. 👀🚀 + + +• Here are all the LINKS for your convenience • + + +🌮 Website: https://www.TacoCat.finance + + +🐱 Twitter: https://twitter.com/TacoCatCrew + + +🐱 Discord: https://discord.gg/KBMbkAcz + + +💬 Telegram: https://t.me/TacoCatCrew + + +🥞 PancakeSwap link: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&amp;inputCurrency=BNB + + +📈 Chart: https://charts.bogged.finance/?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020 + + +As always make sure to conduct your own research before investing, and always, always invest only what you are comfortable with. Come hang out with us on Telegram or Discord and see how wholesome and motivated our community is before buying in! We are all dedicated to make this thing absolutely HUGE! 🚀🚀🚀 Soon, even your grandma will hear about the TacoCat 🌮🐱 +In my area, renting a modem from an ISP costs 15 dollars per month. A comparable modem costs about 70 dollars, and will last years. 15 dollars per month comes out to 180 dollars per year. If that were put into investments with a 6% annual return rate, after 40 years, that would turn in a little over 28k before taxes. + +The greater lesson here is that sometimes, shelling out a little more money can prevent rolling costs, e.i. buying nice shoes that will last far longer than cheaper shoes, buying shelf stable ingredients like rice or pasta in bulk, etc. +There is an academic paper written by Hendrik Bessembinder that analyzes the returns of individual U.S stocks from 1926-2016. It can be accessed here: [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2900447](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2900447) + +In the paper he concludes that from 1926-2016: + +1. just 42.6% of common stocks have a buy-and-hold return (inclusive of reinvested dividends) that exceeds the return to holding one-month Treasury bills over the matched horizon. +2. More than half of common stocks deliver negative lifetime returns. +3. The single most frequent outcome observed for individual common stocks over their full lifetimes is a loss of 100%. +4. The 1,092 top- performing companies, slightly more than 4% of the total, account for all of the net wealth creation (returns in excess of one-month t-bills). + +Most notable statement from the paper: + +"just five firms (Exxon Mobile, Apple, Microsoft, General Electric, and International Business Machines) account for 10% of the total wealth creation. The 90 top- performing companies, slightly more than one-third of 1% of the companies that have listed common stock, collectively account for over half of the wealth creation. The 1,092 top- performing companies, slightly more than 4% of the total, account for all of the net wealth creation (returns in excess of one-month t-bills). That is, the remaining 96% of companies whose common stock has appeared in the CRSP data collectively generate lifetime dollar gains that matched gains on one-month Treasury bills." +My bank account is -1400 right now, I'm deep in debt and honestly I don't find joy in what life has to offer me, I'd likely be a minimum wage leech to my single parent until I die. I can't stomach being a wage slave my whole life for it to amount to nothing, everyday I grow more and more depressed at our capitalistic country, and at myself for not being worth anything. I had no hope, and even saved to buy a pistol. Then I found Gamestop, and I began to have hope again, hope that I'll be able to finally live a modest life for myself without being a burden to anyone, hope that maybe for once the kind loving normal people can be the wealthy powerful figures, and make a change in this dystopia we live in. I just wanted to put my thankfulness out there to you apes. I hold not just for a peaceful life, but for real change. I love you all. + +Edit: It's 3am and I've received way more love than I really thought possible, so many amazing apes chimed in with lovely words that I'm honestly beaming like a kid on Christmas, thank you everyone for the encouragement and words of strength. You guys are a big part of why I keep pushing forward, I love you all and can't wait to see what we accomplish after reaching the moon, to a better brighter future, apes together strong!! + +Edit 2; sorry to everyone I didn't respond to I passed out, the amount of comments has been amazing thank you guys, those of you who messaged me personally to offer help and advice you guys are seriously angels, keep being part of the good in the world I love you guys. +Sorry I know O gets mentioned a fair amount and from what I can see is recommended alot. I love my dividend investing, and Ive got some great quarterly picks. Until recently (and thanks to you fantastic people) I didn't even know monthly dividend stocks existed, blew my mind and I got very excited. My question relating to O, does the price not seem a bit high to anybody else? Isnt the P/E of over 48 not scary for a pure dividend play? It's currently about 10 dollars cheaper before its nose dive in Feb, do we think it will reach and surpass that at some point? I'm yet to go into any REITs, so I'm looking for two, one for residential, office spaces and the like, and also one which is more of a warehouse play, which I'm mixing Into my ecommerce stocks, any ideas on that? +What’s the general consensus on the risk of selling ITM puts on this sub? Lately I’ve been targeting stocks that have a large % drop (~10%) in a single trading day and then selling ITM puts at a high premium. The caveat here is that the premium is greater than the difference of the strike and current trade price so even if I get assigned I still win a little bit. + +My hope is that the price rebounds and gets closer to the strike price before I get assigned, that way I collect the premium immediately and then sell the shares immediately after I buy them (or I suppose I could hold for a bit if I were bullish on the stock). + +This seems too easy though. The obvious risk is that the price doesn’t go back up and I get assigned at a price where premium is no longer greater than the difference between the strike and share price. What’s the consensus of this sub? +The interview went well, we agreed on a salary. Got a call from one of the director saying how happy he was to have me on board. Then I got the employment contract, employees handbook, super forms, etc. + +I noticed that the salary was inclusive of super, and I kindly asked to consider stating my salary as exclusive of super; and, then immediately they decided to not hire me.... + +Wtf...? What did I miss + +Edit for clarification: +We agreed on say $100,000+super, and they put in the contract $110,500 (inc super). I asked to consider putting in the contract the former and they just decided not to hire me.... +Hello Everyone, + +This pertains to $GME ownership among the U.S. adult population. If you'd like to know what this post is all about, please take a moment to hit up the original post below. It contains tons of info like **methodology, links to result, surveys for other countries, research bias details, sample size calculators, other resources, and lots more:** + +[https://www.reddit.com/r/Superstonk/comments/o2cnd4/using\_randomized\_representative\_surveying\_data\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o2cnd4/using_randomized_representative_surveying_data_to/?utm_source=share&utm_medium=web2x&context=3) + +So ... my follow on survey completed over the weekend, providing another 400 samples for a total of 700. I haven't checked, but at 700 I imagine the margin of error is around 3%. That said, I just wanted to provide this quick update with this larger sample as I know folks were curious. + +FYI, as this is a randomized sample from a massive pool of participants, combining these sample in such a way is totally kosher. + +Here's how things shook out: + +[\*\*U.S. retail only. Doesn't include foreign retail, insiders, ETFs\/mutual funds, institutional investors, family firms, hedge funds ... or those juicy open shorts.](https://preview.redd.it/5i7269716p971.png?width=1706&format=png&auto=webp&s=7c956f8084d0b63281c9abc00128488b92593530) + +\~If I've made any math error in the above, I assure you it wasn't intentional, but I'd appreciate it if you could kindly point out my mistake so I can correct.\~ + +I should mention that when I posted the initial results, someone reached out and said they started a survey to gather 1,500 samples. I reached out to this person a short while ago via PM, but haven't heard back yet. That said, since my 400 just recently completed, I imagine their 1,500 survey is still running strong. But I will update this post, should I hear back from them. + +**\*\*\*\*\*\*If you have any questions or comments about sample size or methodology, I do ask that you please visit the OP first. Not on;y is there a ton of details in the post, there were also more than 600 comments on the thread with lots of great ideas, insights, suggestions, and just some very good discussion.\*\*\*\*\*\*** + +Finally, this: None of what I am saying is financial advice, and I encourage everyone to do their own research when it comes to $GME, the stock market, and investing in general. + +My personal advice: Never invest more than you can afford to lose. And as an aside ... if you have a guest in your home and they ask for some of your mayo, don't be a dick. Please share your mayo. + +............................... + +Edit #1: I guess I should post the survey result links here, huh? Sorry, there they are for anyone who wants to slice and dice the data: + +Survey #1 (N=300): [https://surveys.google.com/reporting/question?hl=en-US&survey=sv2uhkuhypyl6olmiokx2zzkma&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=sv2uhkuhypyl6olmiokx2zzkma&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +&#x200B; + +Survey #2 (N=400): [https://surveys.google.com/reporting/question?hl=en-US&survey=gei6t23feekehqpuxr5woosr5a&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=gei6t23feekehqpuxr5woosr5a&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +............................... + +Edit #2: I heard back from the person who was running **the 1,500 sample size**, and it's almost complete (1,356/1,500). Below is a quick calc. of the current results, and the link to the survey for anyone who wants to play around and slice/dice the data. Google has a pretty good interface for breaking out demographics, etc. + +So, without further ado ... this larger sample size results in: + +Ownership: 5.6% + +Avg. Shares: 32.5 + +As you can see, these results pretty closely align with the initial 700 sample (5.71% ownership and 39.5 share avg.) ... this larger sample size supports all the above results. The average share count has a little more flex than I'd like to see, but again, I've intentionally capped the count at 101 to guarantee a very conservative number here. + +Here's a link to the survey (I'm not sure if the owner wants to be named, but I am asking ... if they are okay with that, I will update once I hear back): + +[https://surveys.google.com/reporting/question?hl=en-US&survey=emu6442dcciv66jbwetrmxrea4&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=emu6442dcciv66jbwetrmxrea4&question=1&raw=true&transpose=false&tab=chart&synonyms=true) +So...I have a situation since 2020 when my city and the surrounding towns got hit by a powerful earthquake. + + + + +Basically back in December 2020 I took a loan out from the bank to buy an apartment in this city. 20 days later the building was roughed up by the quake as the wave went across our apartment building. The apartment is done, the building lost all its resistance and is still pending demolishment. Nobody lives there anymore since the end of 2020. + + + + +Basically the government declared a disaster and said it will help in rebuilding all the damaged buildings/apartments. They asked EU for help and they sent the money. As per contract with the bank, I notified them of the building situation immediately and they offered me a loan moratorium for one year without the need to pay any of the bank claims for 2021 but they would increase the interest rate the year after and I would need to get more money to them in the end. + + + + +Forward to 2022 Ukraine war started and the only bank at that time that would give me a bank loan was Sberbank (because I run a small SME thus everybody else thought of me as a liability). Sberbank got taken over by a national bank. + + + + +Now I have to pay half the rate every month for the bank loan. Meanwhile, the rebuilding process is not going anywhere. The building is for now standing, threatening other buildings and people around her, government is doing nothing and the EU money that they got is either missing or stolen or they dont plan to rebuild anything. + + + + +As you can see now I'm paying for the loan of the apartment which is heavily damaged and unlivable in a building that is pending collapse. + + + + +I tried to talk to the bank to get out of the loan or settle on half the loan (I managed to gather half the money from savings and various donations) because I dont plan on paying for something I dont own and cant do anything with it like living inside the building. They said no, we want the complete amount. + + + + +Last I heard about the rebuilding is that it will take up to 10 years to rebuild and if they do, they will basically build it like a blank, with no installations in the apartment, no floors only concrete (if I am lucky), no heating pipes, electrical cables etc. which the building had at the time of the quake. Bonus was that the bank loan was taken out in national currency which will be transferred to euro beggining of 2023. As you can see it's a very tough and strange situation and I am stuck. + + + + +Care to offer any helpful advice or thought how I can get out of this situation? + + + + + + + + + + +P.S. I can't get any other bank loan because I'm an SME, and this was my one chance at getting an apartment for me and my family. +Thoughts? + + + +>*Wall Street banks are warning investors to brace themselves for a new wave of declines in global markets after stocks rushed back towards a bull market from the ugly falls driven by coronavirus in March.* +> +>*The US benchmark S&P 500 index had jumped 2 per cent by lunchtime yesterday, placing it 20 per cent above the nadir of March 23 in a bounceback almost as intense as the sell-off it followed. But many strategists warn that while central banks and governments have taken the sting out of market disruption with their interventions, more disruption may lie ahead.* +> +>*“My concern is this relief rally might not be sustainable,” said Mislav Matejka, global equity strategist at JPMorgan.* +> +>*Goldman Sachs and Citigroup have also urged caution, particularly as companies absorb the scale of the shock from the pandemic. “Equity markets may need to fall 50 per cent before they have priced in this year’s likely earnings drop,” Robert Buckland, head of equity strategy at Citi, said.* +> +>*Goldman Sachs’ strategists said this week that equities were already pricing in a recovery in economic growth, even as the extent of the corporate shock remains unclear. “This increases the risk of disappointment near-term,” the bank added.* +> +>*The rebound since late March has coincided with signs that the virus might have peaked in some of the worst-hit countries, raising hopes that lock-downs that have hit economies from the US to India could soon be lifted.* +> +>*But the economic damage has already been done. Yesterday new forecasts showed the German and French economies in the grip of recession.* +> +>*Salman Baig, multi-asset investment manager at Swiss fund Unigestion, believes the bounce is a “bear market rally” and sees a “decent chance” of stocks falling back to last month’s lows.* +> +>*“In a couple of weeks we get corporate earnings season, and investors will get to see just how bad it will be,” he said.* +> +>*Some, however, are betting that the worst is over. “You should have a buy-the-dip mentality now,” said Michael Wilson, chief US equity strategist at Morgan Stanley, arguing that a recession forged out of a public health crisis has led government and central banks to react on an unprecedented scale.* +> +>*“The virus has already created the recovery through the stimulus: it is a timing question now,” he said.* +> +>*Some billionaire investors have also spotted a buying opportunity. Oaktree Capital Management’s Howard Marks, a market veteran, revealed in his latest memo to clients that the investment group he founded had also started to dip back into the market, despite the risk of further declines.* +> +>*“It’s not easy to buy when the news is terrible, prices are collapsing and it’s impossible to have an idea where the bottom lies. But doing so should be the investor’s greatest aspiration,” he said.* + +**Source:** [https://www.ft.com/content/0e9656b7-3693-46d7-b46f-d065e1550e6d](https://www.ft.com/content/0e9656b7-3693-46d7-b46f-d065e1550e6d) +[Listen to full episode](https://youtu.be/U2nULtzlvvo) + +Demetri Kofinas speaks with Tony Greer, editor of the Morning Navigator and founder of TG Macro. This episode begins with a clip from David Portnoy (a.k.a Barstool Dave or Davey Daytrader), in what is probably the most epic hype video ever created for stock trading. + +Portnoy has come to personify not only the recent rip-roaring retracement in equities, but also, the philosophy that the stock market no longer bears any relationship to the real economy. “It took me a while to figure out that the stock market isn’t connected to the economy,” according to David Portnoy. “I tell people there are two rules to investing: Stocks only go up, and if you have any problems, see rule No. 1.” + +Extraordinary monetary interventions remain the single most important causal factor for explaining this phenomenon (what we have referred to on this show as “market nihilism”). Whether investment flows are coming from passive funds or “passive people,” what’s important is that the allocators invest indiscriminately. As the popular fraise goes: “Always buy the fucking dip” ([\#ABTFD](https://www.youtube.com/results?search_query=%23ABTFD)) + +In our past episodes with Mike Green, we have explored the role of systematic passive investment vehicles in driving markets higher. With the recent return of the retail investor an additional layer of passivity has been added. Not only are these investors seemingly “price inelastic,” but they also exhibit a disturbing level of indifference to fundamentals that is qualitatively different from anything seen in past generations. Unlike the Gen-X and Boomer cohorts of 1999 who felt that they could see a future that others could not yet perceive, this generation of zoomers and millennials seems to feel that they have figured out something far more fundamental about how things work today. In their view, the notion that the stock market has any relationship to economic reality is laughable. Fundamentals can’t hold a candle to Jay Powell and his money printer. Along with this realization comes a mocking, self-deprecatory celebration of aberrance. Indeed, going through r/WallStreetBets or wojack images on crypto subreddits exposes you to imagery that is reminiscent of a scene from the Island of Dr. Moreau. + +In their 90-minute conversation, Tony and Demetri explore all of these themes. They discuss the recent rip-roaring retracement in equities and how the Federal Reserve, with its relentless money-printing has broken the economy, turned the stock market into a casino, and sown the seeds for a political crisis unlike any we have seen in more than a generation. +[Algo Trading for Dummies— Collecting & Storing The Market Data (Part 1)](https://medium.com/automation-generation/algorithmic-trading-essentials-collecting-storing-the-market-data-part-1-6257f467efd2) + +[Algo Trading for Dummies — 3 Useful Tips When Storing Trade Signals (Part 2)](https://medium.com/automation-generation/algo-trading-for-dummies-3-useful-tips-when-storing-trade-signals-part-2-e32d3f26d87c) + +[Algo Trading for Dummies — Building a Custom Back-tester (Part 3)](https://hackernoon.com/algo-trading-for-dummies-building-a-custom-back-tester-part-3-1cc1318987e3) + +[Algo Trading for Dummies — Implementing an Actual Trading Strategy (Part 4)](https://hackernoon.com/algo-trading-for-dummies-implementing-an-actual-trading-strategy-part-4-acec5543052b) +I'll give more clarification. Yes, the Korean government is currently only banning credit-granting activities, AKA margin trading within the exchanges. There is no proof or evidence saying that it will ban it entirely, yet. + +According to Joongang (one Korea's largest news outlets) they state that, "there is no regulation on individual investors' investment behavior within the ICO ban." It is possible for domestic investors to participate in ICOs conducted by FOREIGN companies." + +Participation is a different story. Banning it entirely, which is China's case would be devastating. + +This is not confirmed, but in the long run, Korea might come down to only heavy regulation, only. The complete ban of ICOs will hinder technological development within Korea. There would be no way it would be completely banned. + +CALM DOWN! + +Edit 1: SOURCE: http://news.joins.com/article/21983687 + +Edit 2: https://www.cnbc.com/2017/09/28/south-korea-bans-all-new-cryptocurrency-sales.html <- Fake news. Don't believe this. Confirmed this is absolutely BS. The head title is even more astonishingly BS. + +Edit 3: https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-bans-raising-money-through-initial-coin-offerings-idUSKCN1C408N <- wrong again, on so many different levels. Korea has only banned local ICOs, which has no similarities to China's full ban on trading within exchanges. Korea will continue to trade. Regulations will follow, but this was a much needed step for Korea in general. + +Edit 4: Hey everyone, no more news for the time being. Also, please be aware, Korea is on a week holiday until the 10th of October KST, and includes all of the Government. Also wanted to say that Upbit just messaged me saying that they will be up and running in the month of October! Government is just doing their usual business and market manipulation. Don't take this as a hard hit, looks like it's a no biggy. And screw all media outlets with title click baits, especially CNBC and Reuters. They are re-editing their stories like their is no tomorrow. +\- DADDY GOAT is a LEGIT community driven charity token that is 100% Bot protected. We aim to donate to kids without dads, and of course to goats! + +&#x200B; + +\- UNHEARD OF TOKENOMICS! 10% is redistributed to the last 50 buyers! + +You heard it right. When you buy, you will be reflected 10% of the following 50 buys. This will create a MASSIVE buy war, so make sure to tune in and make your buck. :D + +&#x200B; + +\- Releasing NFT'S & GOATED clothing line soon which will both Only Be Bought with our Coins! More goat coins being made with different Tokenomics that will all still be connected to the Goat Fam! + +&#x200B; + +\- We will be having a Fair Launch Release through the Gen Tokens launchpad! This means: bot-proof, no higher then 0.5% holdings, completely SAFU.🚀 Almost 100% of liquidity burned. 🔥 + +&#x200B; + +\- Big Influencers already on Board for promotions & Big marketing push ahead! 📈 + +&#x200B; + +\- Random Airdrops once a week to holders! + +&#x200B; + +Join the Goat Fam now to get in the official public launch for DADDY GOAT! 🐐 + +&#x200B; + +Links: + +&#x200B; + +Website: [https://Daddygoat.net](https://Daddygoat.net) + +&#x200B; + +Telegram: [https://t.me/DaddyGoatcoin](https://t.me/DaddyGoatcoin) +I've been listening to Bitcoin podcasts and reading posts on here and I've noticed a lot of you Bitcoiners are falling into the same logical error that I would expect a Keynesian economist or a particularly smooth-brained chimp to fall into. Fortunately I'm here to educate you guys. + +Money is ***NOT*** a tool primarily for spending. This is ***NOT*** the most important feature nor primary purpose of money and is ***NOT*** why money has value. You do ***NOT*** use money when you spend it on a ham sandwich. + +Money is a tool primarily for saving. This is the most important feature and primary purpose of money and is why money has value. You begin using money when you save in it and you cease using money when you exchange it for a ham sandwich. + +This is why Keynesians and midwits with limited cognitive ability do not and will never see the value of Bitcoin. In their limited minds spending is what is important and this is why they go on and on about nonsense metrics like GDP. Bitcoin is not especially well suited for transacting, certainly no more so than existing monetary options. This is a problem Bitcoin does not solve better than its currently available competitors. So when I listen to a podcast where someone is talking about how they bought an Egg McMuffin in El Salvador with Bitcoin and it "worked very well" it becomes clear they are blind to the real value proposition of Bitcoin. This is not a problem Bitcoin solves. + +Bitcoin's strength aligns with the true though often overlooked primary purpose of money--saving. Instead of saying "I used Bitcoin to buy some McNuggets and it worked really well!" a Bitcoiner with a correct understanding of money would say "I used Bitcoin as a savings vehicle for the past 5 years and didn't get rekt by the inflation that hit everyone else. Bitcoin worked really well!" Home prices have doubled in the last 5 years? That's a problem for people saving in an inferior money but it is not a problem for Bitcoin savers. Housing prices have dropped by about 90% for those saving in Bitcoin. + +It is only when you realize the important function of money is to save that you will realize Bitcoin will *inevitably* replace every other form of money because it meets this need better and more efficiently than any other market option. The other stuff people are focusing on simply do not matter. If Bitcoin had a bug in its code that caused an interdimensional portal to open where by a leprechaun came out and punched anyone in the face every time they made an on-chain transaction, then Bitcoin would *still* be the best money and would *still* supplant the world's existing inefficient monetary systems. + +You're welcome + +-X +What's up Fat FIRE fam (first post for me)- I compiled a list unique countries to travel to in each given month of the year. Once I pull the trigger, I plan to do an epic trip like this around the world to be at specific events in different countries. I find the idea of travel motivates me to keep going hard. + + +Would love to crowd source other experiences and ideas, and hope my list is helpful! Please share the month, country, and reason for being there! + +**January:** Norway- Northern Lights. + +**February:** Switzerland- Skiing in the Alps. Alternative: China- Chinese New Year Celebration. + +**March:** India- Holi festival. + +**April:** Japan- Cherry Blossoms. + +**May:** Czech Republic- 3 week long music festival in Prague, perfect weather. Alternative: Monaco for F1. + +**June:** Tanzania- the great wildebeest migration to Kenya. + +**July:** Croatia- Yacht week 2 -8th, ending at Ultra Music Festival Croatia July 8th - 10th + +**August:** Scottland- Edinburgh Fringe Festival + +**September:** Middle East & Northern Africa- perfect weather and low tourist season. + +**October:** Germany- Octoberfest (I know it starts in Sept but it ends early Oct). Alternative: Mexico- Dia de los Muertos. + +**November:** Tailand- Loi Krathong and Yi Peng festivals with lanterns released into the sky. + +**December:** Chile- Hiking Patagonia, then go bring in the new year in Rio de Janeiro, Brazil. +I have been lucky enough to work from home. With the tax refund, lack of spending on things like bars, dinners, and gas, and the stimulus, my savings went from like 4k to 11k reallllly quick (fwiw, I had 0 in the bank around August once I moved for a job). I am approaching the point where common advice would be to tell me to start investing, I think.  + +Well, Coronavirus showed us all how fragile things are. If I get fired, my first thing is going to look at a gig economy while applying for jobs. WHo knows how long it will take for me to get a job relevant to my career? It took me about 2-3 months of applying for jobs all across the country to find a job that fit well - who knows how long that will take in a hiring freeze? + +So I come to you guys with some questions. Should I consider raising my range from 3-6 months of expenses to 8-12 months? Or should i hit that 6 month, and then immediately start investing?  +This would create major, major headaches throughout the year. + +DFV was right: **We are not locked in here with them. They are locked in here with us.** + +I wrote a post which unfortunately got deleted for wrong reasons, I hope it gets undeleted, where I elaborate on that thesis. + +Somebody pointed out that ATM puts are being used to suppress the price, this is expensive and only works temporary. + +I expect this to go on over year's end so that they can minimize short losses on their balance sheets. +So record low interest rates, record high asset prices, inflation begins to creep up while wage growth is stagnant and energy prices squeeze minimal disposable income. Supply chain issues are causing supply chaos during an unprecedented global pandemic, adding to inflation on essential goods & services. My question is where are we heading? It seems, nationally and globally, we stuck between a rock and a hard place and something has to give. +> With economies around the world sputtering, commercial real estate prices are expected to come down. How much they’ll fall is the key question. + +> Sellers are currently willing to concede discounts of around 5%, while bidders are hoping for about 20% off pre-pandemic prices, said Charles Hewlett, managing director at Rclco Real Estate Advisors. + +https://www.bloombergquint.com/markets/loaded-with-cash-real-estate-buyers-wait-for-sellers-to-crack +So in many comments on this sub I see people recommending investing in things like Visa and Microsoft. These stocks currently have a 0.57 and 0.97 yield respectively. Yes, they are both really good growth stocks. But my confusion is I thought people were here for dividend investing? Even with good consistent dividend raises, if the rate is starting at sub-1% how does that result in much of a significant dividend strategy, whether you’re looking for short term income generation or long term compounding? + +Again, I understand that these stocks have great growth prospects for share value, but if that’s why they’re being recommended then that seems to just be a general stock investing strategy that happens to have a small dividend rather than a dividend-oriented strategy, and would better be on a subreddit devoted to general stock investing. + +Am I just missing something here or does anyone else think that? Thank you for any information you guys can provide :) +📷 Binance Smart Chain Token + +🔥 GreenCoin2.0 🔥 + +✅Great community +✅Strong HODLers +✅Daily voice chat on TG +✅Dev Doxed +✅Community makes all important decisions +✅Amazing team of mods +🔒LP LOCKED + +***COMMITMENT TO THE ENVIRONMENT*** + +GreenCoin2.0 is an environmentally friendly crypto; focused on leaving a carbon free footprint behind that will help change the world. This isn't just some token that has 0 purpose, this is a LEGITMATE environmental token. Very transparent devs who will answer any questions you have. + +***WHY WE'RE DOING THIS*** + +Our mission is to take a percentage of our profits and put it towards environmentally friendly causes to help improve our world. + +***A WORTHY CAUSE*** + +We are focused not only on investing in our future, but the future of the world. One of the very few tokens out right now that's legitimately trying to improve the world whilst making you money. The marketcap is so low, it's such a good opportunity to invest right now! + +⚡️ **Tokenomics**: + +✅10% Tax On All Transactions + +✅4% To Holders + +✅4% To Liquidity + +✅1% Development And Marketing + +✅1% To Charity + +✅Verified Contract + +📝Contract: 0xbe5cbe40f036085ea51f275c13299d77ef801b5e + +Let's moon this together🚀 + +We’re all in the same boat, let’s come together and shoot this to the moon! + +📱 Telegram : [https://t.me/greencoinbsc](https://t.me/greencoinbsc) + +🌐 Website : [www.greencoin.info](https://www.greencoin.info/) +CryptoCandy released 20 days ago and their Online Casino is launching today! Beta version is already online and the design is being reworked. Besides the Casino they also have their first Mobile Game upcoming. And in this game, you can earn their token by accomplishing new lvls. You will also need to hold some of their token to unlock premium features. So get em while they're cheap! + +Application to CG+CMC have been done 2 weeks ago, so expect them to get listed very soon. And you all know what that means.. The price is currently consolidating around $600K MCAP. And if the volume picks up it won't be stopping anytime soon! A big marketing plan is ready to be executed after they get listed on CG+CMC and will get the token known to the world. + +The initial 3 Founders have DOXXED themselves and are very dedicated to the success of this project while also being engaged in the Community. They hold a weekly AMA in their discord channel to address all questions that arise and the AMA is recorded so everyone who can't be there can listen to it in their free time. + +;TLDR + +🌕 Audit Done + +🌕 Crypto Casino BETA is live and full version is launching in 2 days + +🌕 3 founders have Doxxed themselves + +🌕 First Mobile Game under development and releasing 1-2 weeks after casino + +🌕 1 NFT is created and auctioned on the Discord every week + +This is not financial advise and as always. DYOR! + +Website: [https://cryptocandy.club](https://cryptocandy.club/) + +Telegram: [t.me/cryptocandybsc](https://t.me/cryptocandybsc) + +Discord: [https://discord.gg/CUTWZQxQuS](https://discord.gg/CUTWZQxQuS) + +Beta: [Cryptocandy.casino](https://cryptocandy.casino/) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc1999565b29e5fa35a24ecc16a4dcf632fb22d1e](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc1999565b29e5fa35a24ecc16a4dcf632fb22d1e) +I searched the whole internet, but there is nothing i can find on why this stock rose so much percentage in a day ? I know it was recently AAA certified. and was on the news few times before in this month. But still unable to figure out what such a thing happened +What makes econometrics a distinct topic or field from statistics? If a statistician applied his methods to the study of the economy, would his results be different from an economist using econometrics? +I recently got an interview at HEB (grocery store in Texas) and they asked me for a background check (so far everyone has told me that this will more than likely lead to me getting the job). The starting pay is 9.50 an HR and I plan on working at the very least 20-25 hours a week. I will finish highschool in May and I plan on moving out after summer. Any tips? anything is appreciated! +# I think all of you need to ready to wake up tomorrow and see that the price of GME has been decimated. Will it be hedgie fuckery? + +https://preview.redd.it/e3tx3u38lzc91.png?width=960&format=png&auto=webp&s=334ba25ce4ed17b2510b43eb03f4c4973b767d92 + +# There is always hedgie fuckery, but before you freak out, this drop won't be hedgie induced. + +# Here is why: + +https://preview.redd.it/6kj9d09nlzc91.png?width=877&format=png&auto=webp&s=b108688636c0e8629a66f95273b4c15ec8bff0c3 + +# closing price of 7/21/22: $153.47 + +# number of shares: 4 + +&#x200B; + +# $153.47 divide by 4 equal + +# $38.36 + +&#x200B; + +you are welcome for this pubic service announcement + +may the Tendieman smile upon your dreams tonight, you soy boy beta cucks ✌🏼🚀🌕 + +&#x200B; + +# EDIT: i forgot to mention the floor doesn't change LMFAYO YOU SHORTING MORONS, HEDGIES R FUK ahahaha get rekt +https://www.marketwatch.com/story/cathie-wood-uber-and-lyft-missed-the-boat-2020-12-27?mod=investing + +Ark Invest's Cathie Wood isn't betting on Uber Technologies Inc UBER, -1.55% and LYFT Inc LYFT, -2.42% over Tesla Inc TSLA, +2.44%. + +What Happened: Wood, CEO of New York-based Ark Invest, said in a tweet Saturday night that Uber and Lyft missed out on a data opportunity that ties in to AI — and which companies will most benefit from it. + +Wood said the ride-sharing companies "stayed private too long and lost the plot. They could have incentivized their drivers to put sensors on their cars and collect data much faster than even $TSLA." + +The tweet was in response to a question about Ark Invest's portfolio. + +Data collection and AI are closely intertwined because machine learning systems develop faster and with greater precision when they are paired with large data sets. + +Why It Matters: Wood's opinion carries weight. She has become the breakout star of the 2020 bull market as her actively-managed ETFs generate phenomenal returns. Shares of her ARK Innovation ETF ARKK, -1.43% are up over 163% this year. + +ARK has predicted Tesla shares will hit $7,000 in 2024. Tesla is the top holding in the Ark Innovation ETF, at 9.98% of assets. +A couple of things just happened. + +First, the talk with my wife: she needs to do a massive amount of foreign fieldwork to finish the research for her first book. + +Second, the phone call: a close family member who had an outsized (positive) impact on my childhood and now lives on the other side of the world is ill. Prognosis: terminal, and she will pass in a few months. + +I woke up early this morning, drank a couple of cups of coffee, and typed out my resignation letter. Perhaps the bank balance isn't what I envisioned it being when I set down the road of financial independence, but there is enough there to sustain my family indefinitely. + +My wife is flying out to her research destination tomorrow, and I'll follow in a few weeks after I pack up the house and the kids. After a few weeks of getting everyone settled in the new country, I'm going to fly out to my relative to see if I can't make myself useful to her in her last days. + +So yeah, financial independence: it allows you to finally put other people first. +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 went to a university in my state for one semester before withdrawing due to a LOT of issues with them. In order to fully withdraw I had to get a paper signed off from the financial office showing that I did not have an outstanding balance with the school. I even triple checked with the financial office lady to confirm because I had withdrawn from a class which could have affected my scholarship. (I don't qualify for financial aid.) She assured me that I didn't owe anything and signed off on the form to let me go. + +Over a year after withdrawing, I decided to apply to different colleges to finish my degree. Once I started requesting transcripts from the college they said that they would not release anything because I owe them $8,000 and I've been getting calls from debt collectors about 3x per week. It took them over a year to realize that I dropped a class that would have voided my scholarship despite me telling them multiple times. They told me to pay online, but the online portal showed that they actually owed me money and that they were trying to bill me for a semester that I never attended. Thankfully they undid the charges for the extra semester, but I still owe $8,000. + +I know that I have to pay them the money that I owe, but I honestly have no idea how to proceed. I'm only 22 and I don't make enough to pay them everything to get my transcripts in time for the upcoming semester. I will say that I do take some responsibility for not hounding the college enough so they fully updated my account but I feel like they also really dropped the ball... + +Do I go straight through the debt collectors to pay off a little at a time and put off school for a while or am I able to take out a student loan to cover everything? Like my username suggests, I am mega confused about what to do and any help or advice would be greatly appreciated! + + +Edit: Thank you all so much!!! I honestly thought that maybe one or two people would reply so the amount of advice I've gotten so far is crazy. I'm going to get a copy of the form they signed off on and provide it to the debt collector. While I'm at the college I'm also going to try and negotiate the price down since they waited over a year and didn't give me any warning at all. If things don't work out I'll definitely be posting in /r/legaladvice +What the title says. Be ready for some serious bullshit. In this scenario I believe they would be hoping for one of two outcomes: + +1. For faithless paperhands to think it's the real squeeze and sell their shares +2. For apes to see through their bullshit but foolishly try to day trade. + +DONT TRY TO DAY TRADE under the assumption that the squeeze is fake. DAY TRADING HURTS THE SQUEEZE, and obviously can leave you high and dry if you're wrong. At the same time, don't think that it's over just because Melvin goes under. Every ape knows that THIS GOES WAY BEYOND MELVIN. You know your floor, stay true to yourself. They will make it seem like everyone is selling, but THIS WILL BE A LIE. Listen to your gut, remember the DD, and most importantly, HOLD. + +not financial advice^(tm) + +Edit: as this post gains traction I would like to emphasize that this is my own personal speculation. Don't listen to me, listen to the DD and your gut. + +Edit: DAY TRAITORS GET OUT REEEEE +Crosschain, EVM Parachains, Polkadot. What are these things. Do they have anything to do with knitting? Arts and crafts perhaps? No, they don’t. These are very nerdy crypto words, and PolkaDoge, the ETH token that’s soon to be launched on Polkadot as well, is indeed all of these things. + +PolkaDoge, which is available right now on UniSwap, was launched on Ethereum using whitelisting and strict anti bot measures. It just recently passed audit through Solidity Finance which the report of can be viewed here: [https://solidity.finance/audits/Polkadoge](https://solidity.finance/audits/Polkadoge) + +Now is an excellent time to buy into this attractive low cap find with three exciting catalysts about to hit any day now: Coingecko has been applied for, Coinmarketcap has been applied for, and PolkaSwap listing is eminent. + +Marketing funds are being utilized with an active marketing campaign in place by some folks who definitely know what they’re doing. The dev is professional and active. The tg community is active as well. + +Oh and do you appreciate an amazing set of tg sticker art? Cause they’ve got that as well. + +PolkaDoge team will be attending Polkadot Decoded May 19-20, a live event featuring 40 talks and workshops on all things Polkadot. Team will be looking for active projects to partner with there. + +Tokenomics: 100,000,000,000 initial supply. 50% burned. 25% presale 25% liquidity. + +4% fee on every transaction: 2% distributed to holders and 2% added to liquidity. + +Which PolkaDoge HODLer tier will you be a part of? + +[Website](https://polkadoge.fi/) + +[Telegram](https://t.me/polkadogecoin) + +[Chart](https://www.dextools.io/app/uniswap/pair-explorer/0xa32bbc0ebdd3be8cd56aac59f4659593ef0b8923) + +[Buy on UniSwap](https://app.uniswap.org/#/swap?outputCurrency=0xcf8c23cf17bb5815d5705a15486fa83805415625) +Getting fucking blown apart the last two days... got my TQQQ 1/21 65-62.5 PCS demolished, opened when TQQQ was trading at $72. Same deal with my IWM 2/18 200-193 PCS opened back at $217, 10 days ago... + +even my “safe” positions like QYLD, SPHD, MSFT, and NVDA are getting pummeled... + +Any strategies that are helpful given the current market conditions? +I've been watching [Wendover Productions](https://www.youtube.com/user/Wendoverproductions)' video [TWL #6: Big Mac Economics](https://www.youtube.com/watch?v=5XdYbmova_s). It is about the [Big Mac Index](https://en.wikipedia.org/wiki/Big_Mac_Index), which is a useful economic tool because the [Big Macs](https://en.wikipedia.org/wiki/Big_Mac) sold by [McDonald's](https://en.wikipedia.org/wiki/McDonald%27s) restaurants worldwide is standardised. It was designed by [*The Economist*](https://en.wikipedia.org/wiki/The_Economist) as an informal way of measuring the [purchasing power parity](https://en.wikipedia.org/wiki/Purchasing_power_parity) (PPP) between two [currencies](https://en.wikipedia.org/wiki/Currency) and provides a test of the extent to which market [exchange rates](https://en.wikipedia.org/wiki/Exchange_rate) result in goods costing the same in different countries. + +However, in regards to measuring PPP, why wouldn't a "[French Fries](https://en.wikipedia.org/wiki/French_fries) Index" be more reliable than a "Big Mac Index"?: + +||Big Mac|French Fries| +|:-|:-|:-| +|Restrictions|Isn't sold in India due to cows being sacred to Hindus. Contains meat, wheat and dairy products. |Vegetarian, but not Vegan| +|Ingredients (rough estimate from [http://nutrition.mcdonalds.com/getnutrition/ingredientslist.pdf](http://nutrition.mcdonalds.com/getnutrition/ingredientslist.pdf))|Two 1.6 oz (45.4 g) beef patties, "special sauce" (a variant of [Thousand Island dressing](https://en.wikipedia.org/wiki/Thousand_Island_dressing)), [iceberg lettuce](https://en.wikipedia.org/wiki/Iceberg_lettuce), [American cheese](https://en.wikipedia.org/wiki/American_cheese), [pickles](https://en.wikipedia.org/wiki/Pickled_cucumber), and onions, served in a three\-part [sesame](https://en.wikipedia.org/wiki/Sesame) seed bun.|Potatoes, Vegetable Oil mix (contains Natural Beef Flavour \[hydrolyzed wheat and hydrolyzed milk as starting ingredients\]), Dextrose, Sodium Acid Pyrophosphate (to maintain colour), Salt.| +|Perishability|Lettuce is very perishable, bread is somewhat perishable, sauce may go rancid, the rest of the ingredients can be frozen.|Potatoes are pre\-cut into the shape of fries and frozen. Vegetable oil can be transported in bulk and recycled for industry when no longer usable.| + + +In other words, a French Fries Index has the following advantages: + +* Sold worldwide in a standardised form +* Fewer people are not allowed to eat them +* It's not banned anywhere +* French fries have fewer farmed ingredients (just potatoes, oilseeds and flavour) +* No meat in French Fries = less impact from drought, oil prices and feed prices +* Ingredients for French Fries are easier to transport and less perishable +* Less ingredients = less suppliers and middlemen to worry about +This is an argument that seems to come up every time a program that offers some sort of wealth redistribution like increasing the minimum wage or student debt forgiveness is discussed. The idea that if consumers get more money, the inflationary effects will cancel out their increase in wealth/income. + +But the entire history of industrialization and the middle class seems to disprove this concept. + +Am I missing something? +Everyone is talking about the dip these days—and how cryptos are on sale, right? if you had $100,000 to drop into the crypto market right now, which ones would you put the money into? In what percentage splits? And why? + +Curious to see everyone’s best bets and their thinking behind it. Cheers, and good luck to all! +https://www.cnbc.com/amp/2021/11/26/stock-futures-open-to-close-market-news.html + +>U.S. stock futures dropped in early morning trading on Friday as investors geared up for a shortened trading day amid renewed Covid fears over a new variant found in South Africa. + +>Futures for the Dow Jones Industrial Average fell 800 points, while those for the S&P 500 and Nasdaq 100 were also in in negative territory. + +>The downward moves came after WHO officials on Thursday warned of a new Covid-19 variant that's been detected in South Africa. The United Kingdom temporarily suspended flights from six African countries due to the variant. + +>Bond yields tumbled amid the flight to safety. The yield on the benchmark U.S. 10-year Treasury note fell to 1.5380%, a sharp reversal after surging above 1.65% earlier this week. Bond yields move inversely to prices. + +>Oil prices also tumbled, with U.S. crude futures down 6.2% to $73.57 per barrel, while the South African rand weakened 1.7% against the greenback to 16.231 per dollar. + +>Asia markets were hit hard in Friday trade, with Japan's Nikkei 225 and Hong Kong's Hang Seng index both falling more than 2% each. +I was browsing the beginners guide, looking for some canon DD to share with some friends and came across a gaping hole in our library. Hank’s theory of everything was deleted. I looked at the links to some of his other works and they are deleted too. Maybe I don’t know his username correctly, but now I can’t find his account. + +The funny thing is I’m on superstonk all day everyday and don’t remember any mention of him leaving the community or his work being thrown in the trash. The only thing I can think is that maybe he was a part of the Mod purge earlier this year and I missed it? + +If this isn’t the case and his account got wiped silently, we need eyes on this and answers. I really hope I’m just out of the loop here…. + + +Edit link for context: https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I first started learning to trade July 2021, I first deposited like 8k, was actually making money slowly with consistent wins without even knowing about risk management, or psychology, just basic technical analysis. Well of course I blew that account to smithereens and was left with 2k which I withdrew. + +I've also spent like 6k on a shitload of failed 50k and 100k challenges over the course of a year. Pretty much giving ftmo free money every month. + +It hurts alot, has anyone gone through this, how do you forgive yourself (I feel like a fucking dumb piece of shit) and try to get back to trying to trade with a clear head without feeling super angry and vengeful at everything +Market I am in is super hot, 20% appreciation in 2020. The house sold was a centre unit town home, 2 bath. My house is an end unit town home, 3 bath. With similar or better Reno’s done (currently doing), would the home likely get appraised at a similar value to the one just sold? How influential are comparable’s during an appraisal? Looking to refinance. +To add some perspective: + +The entire COVID Crash only lasted 23 trading days while this correction is already at 34 trading days + +While the S&P 500 is down 10% so far from its ATH, the FANGAM names which are often attributed to be the biggest contributors to the market for the past decade are down 22% from their highs. For most of the early stages of the bear market, people attributed these stocks to be the ones that were fundamentally holding up the broad indices while growth stocks plummeted. + +The ARKK ETF, which is the closest benchmark we have to high growth, is down over 50% from its ATH in February of 2021. +https://www.wsj.com/articles/greece-once-in-crisis-joins-negative-rates-club-11570640925?shareToken=st41c05cd052b54d56aa5329eb9f4f571c + +Apologies if there are paywall issues. +TL;DR: Greece issued €487.5 million worth of three month bonds yielding -0.02%. + +It's obviously a short duration, but still a watershed moment. +[https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/](https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/) + +&#x200B; + +This article has a lot of implications for options and not just 'meme' stocks. Basically, this is saying all options are potentially manipulated. It has sent a chill down my spine about options in general. I've made some good money in options but also lost a lot too and more recently. + +How many times have I seen a stock trending upward and suddenly reverse course only to end up finishing the week right on top of max pain. + +How many times must I see OBV barely move and yet a stock is tanking. + +I will watch level 2 and see the bid filled with way more orders than the ask and yet the stock is tanking. + +I feel like I'm staring into the void trying to decide if this whole thing is worth it anymore. + +Edit: [video of NYSE President making this statement.](https://reddit.com/r/Superstonk/comments/o25oi1/nyse_president_admitted_dark_pool_exchanges_are/) + +Edit 2: [Talking heads on CNBC admitting dark pools affect price discovery](https://reddit.com/r/Superstonk/comments/o2bi28/to_me_this_was_the_best_part_of_the_whole_melissa/) +Hi Everyone, + +&#x200B; + +This is the megathread for the April 2020 Jobs report. Please do not do not create new submissions linking to the Employment situation report, or to news articles reporting on the contents of said report. + +&#x200B; + +Here is the official BLS press release: [https://www.bls.gov/news.release/empsit.nr0.htm](https://www.bls.gov/news.release/empsit.nr0.htm) + +&#x200B; + +Key information: + +>Total nonfarm payroll employment fell by 20.5 million in April, and the unemployment rate rose to 14.7 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) pandemic and efforts to contain it. Employment fell sharply in all major industry sectors, with particularly heavy job losses in leisure and hospitality. +Honestly, this has to be one of the most (if not the most) infuriating things when trying to get a mortgage. Most first time buyers have no way of proving they’re financially reliable other than this and other bills and yet they aren’t factored in. However, if you missed a few months over a period of a couple of years, you just know they would get raised as a red flag. + +So yeah, how come it doesn’t contribute to showing you’re a reliable individual who can be trusted with a mortgage? +Sorry for the morbid question so early in the morning, I’ve been feeling a bit mortal recently 😅 + +I’ve been thinking about what would happen if I were no longer around, and how my family would/should know where my money is. I’m young so hopefully just being on the cautious side. + +I’ve got my pension, a couple ISAs, premium bonds, a couple current accounts, a GIA, and my Marcus account. What’s the best strategy for making sure none of that money goes unclaimed and gets to the right person/people? I’ve been thinking of just having a paper and pen “log” in my “this stuff is important” folder that details all my accounts, but that might not be robust... + +Curious to know what you all do. + +Disclaimer: I’m in no way wealthy enough to be considering professional help on this front, like an accountant, I don’t think... + +EDIT: Please don't pay for awards on this post. If you feel so inclined to spend money on me, please instead donate it to the [World Land Trust](https://www.worldlandtrust.org/) +[**DRS/Computershare Megathread**](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +**As of April 30, 2022, 12.7 million shares DRS'd** + +* As of January 29, 2022, 8.9 million +* As of October 30, 2021, 5.2 million + +# Access begins @ 9:30am CDT / 10:30am EDT + +# Meeting will start @ 10:00am CDT / 11:00am EDT + +# [https://www.cesonlineservices.com/cgi-bin/OLSL00.spx?slID=gme\_vm&slCD=r3z](https://www.cesonlineservices.com/cgi-bin/OLSL00.spx?slID=gme_vm&slCD=r3z) + +Don't trust my link? Want to see the Q1 Earnings Report? Check out [https://news.gamestop.com/](https://news.gamestop.com/) + +I made this post an Event so **you should be able to see the start time at the top of the post** on mobile and new reddit. + +For my old reddit friends - What time is it in CDT now? [Let's ask DuckDuckGo](https://duckduckgo.com/?q=what+time+is+it+in+dallas+texas&va=b&t=hc&ia=time). Can't do math? [Here's a countdown 🚀](https://www.timeanddate.com/countdown/launch?iso=20220602T10&p0=70&msg=2022+GME+Shareholder%27s+Meeting&font=hand#) + +# You must have registered by May 27th to attend the meeting + +If you have not yet voted, you probably still can! Attendees are allowed to vote during the meeting, so might as well try and cast your vote too. Check with your broker or Computershare. + +For help with voting see the [old voting/meeting megathread](https://www.reddit.com/r/Superstonk/comments/uddedr/voting2022_annual_gme_shareholder_meeting/) which has a few helpful resources + +[Q1 overview](https://preview.redd.it/hwseqchzl5391.png?width=1428&format=png&auto=webp&s=5f2426a775ca6c2fa1bd7de25c38a02ba84af366) + +[**GameStop Wallet support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +**​**[**What's GME & should I consider investing?**](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +**Library of Due Diligence** [**GME.fyi**](https://fliphtml5.com/bookcase/kosyg) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag [u/Superstonk-Flairy](https://www.reddit.com/u/Superstonk-Flairy/) for help with user flairs +I did my analysis of Clorox ($CLX) and it seems that this boring company is quite fairly priced (intrinsic value of $177 vs stock price of $173). + +I hope to share at least 1 valuation per week and provide a high-quality and meaningful analysis. Your feedback means a lot to me! Below is a link to, well, everything that I know about the company, hope you enjoy it. + +[https://youtu.be/GIM4cmQvgGc](https://youtu.be/GIM4cmQvgGc) +Hi - I’m looking for resources to better understand the financial statements and the different entries. I’ve taken accounting courses in college but I’ve largely forgotten the details. Any recommendations appreciated. Thanks in advance! +I'm sure many of us have heard Buffett saying that if he were only investing $1 million he could easily get 50% CAGR or something to that effect. It is commonly repeated that retail investors have that advantage over funds because it's easy for us to move in and out of any company we want to, regardless of the size. + +One thing I'm struggling with though, is the relationship between small caps and moats. Typically I think of companies with durable competitive advantages as being pretty large - in theory, that's how they got that large. If a company is small, how much of a moat could it have? + +The only thing I can think of is if it is an industry that itself is small or niche enough that there just isn't that much revenue to be generated - even by the dominant players in that industry - thus leaving those companies relatively small, even if they are very profitable and have a wide moat. + +I realize I must be missing something so I'd be interested in people's thoughts. Thanks in advance. +I know that nobody can definitively tell me but what would you guys do with $50k sitting in your trading account? Keep it cash? Wait for things to drop more? Buy now? What stocks look appealing? + +Thanks +Mateys, I be a shark upon the high seas. True, me own leg was carried off 4 years ago, when a Spanish galleon blew off our main mast. Now I have all but this oaken stump to show for the action. + +Now I see behind, an English frigate bearing down hard upon us. We've taken on water, and she's steering heavy. DAMN THE ENGLISH! We'll not be run aground by the beef-eating landlubbers and their lobster-coated marines. + +There remains but one question I must have answered, before we meet their guns in the smoke and death of naval battle. What means the Ethereum Hardfork? Speak! and be plain, for I am but a salty sailor and not a backend software engineer with 19 years experience in the technology sector. +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! + +Modified from original list here: https://www.youtube.com/watch?v=YUfMVFTPXao + +1. **Big profits start with trends** - everyone who makes big money rides and surfs waves. +2. **Adapt your trading to what you see the market doing** - Don't bother guessing what a market will do- you cannot. Trade what you see. +3. **Good traders are made, not born** - a winning trader is disciplined and learned. +4. **React to market movements and follow along** - who cares why the market is moving, don't make up a story as to why, don't predict, just follow along. +5. **Statistical thinking is paramount** - trading is about probability, not certainty. +6. **Market irrationality is your friend** - there will always be irrational exuberance in one direction then (panic) in the other. Go with the flow. +7. **Speculation drives the market** - millions of people speculating to make money moves the market. +8. **Fundamentals can be an illusion** - there does not need to be an explanation for every market move, markets will do their own thing sometimes. +9. **The market is NEVER wrong** - do not pine for the market to go in your direction and offer sacrifices to the trading gods for it to come back in your favour. The market is never wrong. The market does not answer prayers. +10. **Never trust anyone** - experts will speculate why something occurred, what will occur. This rarely translates to consistent profits. You judge what you see the market doing NOW. +11. **Losers average losers** - two wrongs make two wrongs. Don't have one trade result in multiple losses. Do not bet your deli for a pickle or pick up pennies in front of a steamroller. +12. **Forget the market's name** - If you trade the price all markets are the same. +13. **Process beats outcome** - You have NO control over results. You have TOTAL control over your actions. What can you really control? How much you lose. +14. **Kenny Rogers is right** - Know when to hold em, know when to fold em, know when to walk away, know when to run. +15. **Learn to love losses** - Never mind the cheese said the mouse; let me out of this fucking trap! +16. **Slow down** - Be the lion in the grass. Wait patiently and strike when the time is right. +17. **Stay in the game** - In between wins don't lose too much. The market will be there next week, make sure you are. +18. **Price is all that matters** - Keep it simple, understand the market, don't overburden yourself with indicators. +19. **Algorithms give the answer, not the question** - 42. Computers are useless, they can only give you answers said Pablo Picasso. Figure out the question - automating the answer is the easy part. +20. **Your only competition is yourself** - Don't be jealous of other's returns, don't be boastful of yours. This is a game of solitaire between yourself and yourself. +21. **There is no holy grail** - Join Scientology if you want the complete solution. +22. **Performance is uncontrollable** - The market provides what it provides, you cannot control results. Performance is uncontrollable, the process is controllable. +23. **In Africa, leaving the herd means you're dinner** - The herd creates trends. Stick with the herd, it offers safety, confirmation and simplifies decision making. +24. **Don't drink the Kool Aid** - Don't blindly follow a system, a guru or even your own ego. Figure out the process you need to ask the right questions of the market. +25. **The market remains irrational longer than you can remain liquid** - Do not buy and hold, unless you plan to live forever. + + + + +Thoughts? Any that are horribly wrong that you disagree with? Any that have been missed? +So the title's a bit of a mouthful, but initially this is from my TradingView post which was split into 3 separate posts. + +Source is linked. + +For those that don't use TradingView, i created a small series of How to identify Support and Resistance, and how Support becomes Resistance using examples. I also show how to identify a trade, and once identified, how to place all aspects of that trade, including Stop Loss, Take Profit and Trade Closure. + +Here's the complete series, in a single digestible post: + +Part1 - [https://www.tradingview.com/chart/AUDJPY/JDkW7yxC-When-Support-becomes-Resistance-and-Resistance-becomes-Support/](https://www.tradingview.com/chart/AUDJPY/JDkW7yxC-When-Support-becomes-Resistance-and-Resistance-becomes-Support/) + +Part2 - [https://www.tradingview.com/chart/AUDJPY/we3J0SSe-How-to-identify-trades-using-Support-and-Resistance/](https://www.tradingview.com/chart/AUDJPY/we3J0SSe-How-to-identify-trades-using-Support-and-Resistance/) + +Part3 - [https://www.tradingview.com/chart/AUDJPY/W7YV3a9W-How-and-where-to-place-Orders-Stop-Losses-and-Take-Profits/](https://www.tradingview.com/chart/AUDJPY/W7YV3a9W-How-and-where-to-place-Orders-Stop-Losses-and-Take-Profits/) + +What i didn't realise before posting on reddit was you can't mix images and text, so my previous edit was the explanation...without charts. Not too helpful! The links above run through the full explanation, charts and all. + +Many Thanks for your time, + +For\_The\_Many +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* +Ok, so for the past month I’ve been thinking about how this is suppose to work. I believe I’ve finally figured it out. + +First, I want to talk about what a regular split is. A regular split is the dividing of the current number of shares within the supply chain. For example, let’s use GameStop. If GameStop were to do a regular split all 76 million shares that exist, plus options chains, plus short position, etc all would be divided equally. This would in fact split the price per share equally. So if GameStop does a 4:1 split the the price would be 1/4. + +Second, the dividend (you’ll notice I call it a dividend and not a split). GameStop will take the shares that it has issued and issue 3 more shares for every share currently issued by them. In a perfect world where the markets work as intended then YES the price would be 1/4 after the dividend. GameStop even says this in its announcement! I’m tracking! + +This is where things get hard to understand and more difficult. This isn’t a perfect world and GameStop is shorted to oblivion. + +So, let’s say (this is a fictional example to prove my point) for example that there are currently 1 billion shares that are in the supply chain. GameStop is only responsible for 76 million shares, but wait you said 1 billion! That’s right there are 924 million other shares that contribute to the current market value of GameStop (not market cap). So, if GameStop is gifting 3 shares for every one that they have issued the that leave 924 million shares that are currently without a dividend payment. Still with me? For the price to drop to 1/4; shorts or brokers will have to CREATE 3 more shares for every one that GameStop doesn’t issue. That is the only way the price will drop to 1/4 the current price. + +When Tesla did it’s dividend the price dropped 32%. Not because of the dividend itself, but because of all the shares that contribute to the supply chain. Meaning that the new shares Tesla issued only affected the price by 32%. Meaning Tesla was shorted way beyond what was reported. + +I understand that this is a difficult concept so please ask me questions if you don’t understand. I’ve only recently figured it out. +Edit 2: Thank you for all the awards. They really aren't necessary. Also, reddit is a little screwy today. I like to say thank you to everyone who sends me an award. Some awards that I've been given didn't come with a notification. So, I will say Thank You here. + +Edit/correction: The FED is paying the banks to hold the cash, not the banks paying the FED. I'll leave this like this to avoid editing the original post. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +In order to gauge what's going to happen, or to see what's about to happen, the quote has always been "Follow the money". Basically, that means, what are the rich doing? The whales have always moved the markets. Either by buying, or by selling. + +Thursday and Friday showed that the "big money" is running. They aren't making their exits quiet either. In their case, holding the bag could mean billions of dollars and years of waiting. Extreme losses are not something they're fold of. + +The first few start a chain reaction that others always follow. FOMO is very real when it comes to the big players. From their actions, the peaks and valleys are determined simply by how they feel. + +They also have a much larger view of what is happening, or about to happen and their emotions do take over eventually. + +The cascading effects have big implications for everyone that doesn't react. + +I looked at some Financial ETF's, indexes and the two Berkshire Hathaway stocks (BRK-A and BRK-B). + +The game of dominoes has begun.... + +Let's look at the top banking ETF's first. + +(The top 35 are listed here: [https://etfdb.com/etfdb-category/financials-equities/](https://etfdb.com/etfdb-category/financials-equities/) ) + +&#x200B; + +[Top 5](https://preview.redd.it/xsexo9rib8671.png?width=766&format=png&auto=webp&s=ffb111ceacbfc8ac586762160dfe2ba785fece21) + +\#1 on the list with a total asset value of $44,428,000,000. XLF: + +[An 8.18&#37; loss in 2 weeks](https://preview.redd.it/f9muh69ob8671.png?width=1228&format=png&auto=webp&s=c5308bc1d05cd0cf9458328321cb1e948caa5406) + +&#x200B; + +[With that barcode comes a 6.36&#37; loss in 1 day.](https://preview.redd.it/8qlwnvnub8671.png?width=1240&format=png&auto=webp&s=20965a3a7d6b048ef58e566e8090bd0e623c5d1b) + +&#x200B; + +[6 year chart](https://preview.redd.it/q08pua03c8671.png?width=1228&format=png&auto=webp&s=49fd52820dc809a0c7d5486aaf6280f498ae7dee) + +After hitting an all time high this week, a sharp drop followed Thu. and Friday. It's still sitting at 2X the low of spring 2020 but you can see that sharp drops like this don't happen very often. + +On to #2 is VFH with a total asset value ¼ that of XLF: + +&#x200B; + +[VFH 4 year chart](https://preview.redd.it/2s9a9ruzc8671.png?width=1224&format=png&auto=webp&s=cd5a32f27c1b75ab62be41b75ab501117daabaea) + +Again, a sharp drop Thu. and Fri. and sitting at 2X the low of spring 2020. + +\#3 is KRE with a little over ½ the asset value of VFH: + +&#x200B; + +[KRE 4 year chart](https://preview.redd.it/4fnaw24nd8671.png?width=1222&format=png&auto=webp&s=8b9fe244bc3e0bfdd9decba924c4419e20d2de03) + +Sharp 2 day drop but still over 2X from last spring. + +\#4 is KBE with an asset value 1/11th of XLF: + +&#x200B; + +[KBE 4 year chart](https://preview.redd.it/wzjx98l7e8671.png?width=1228&format=png&auto=webp&s=fa28829aad80566a6ff3a2c85a3d1125b86ede3b) + +Another sharp 2 day drop but still over 2X from last spring. + +\#5 is IXG with an asset value of roughly $3 mil. + +&#x200B; + +[IXG 4 year chart](https://preview.redd.it/fkel6orhe8671.png?width=1234&format=png&auto=webp&s=61677d4ca39bec5169c4c7d9d19b07402c4ca915) + +About 2X last spring but the 2 day drop is showing once again. + +From these alone, we can see that the cracks are showing and the big money is starting to run. Confidence in banks is beginning to wain. I believe this has a lot to do with the insane debt crisis that is currently looming. With the end of June fast approaching and housing about to become a huge issue for millions of people, defaults will turn these ETF's into penny stocks in a very short time frame. + +We can see from the RRP's that banks currently have too much cash on hand. Rather than lend it out in the form of more loans, they're choosing to pay the FED to hold it for them. + +When the commercial real estate and housing bubbles burst YET AGAIN, banks are going to become the major holders of a considerable amount of real estate. They're also going to be the proud owners of a lot of vehicles they definitely don't want. + +Normally, this isn't that bad for them if someone defaults. They have a house to sell but this time the numbers will be out of hand and no one is handing out loans to buyers. Many people have had their incomes cut down considerably in the past year. When that happens, it shows that they don't meet the minimum requirements for a mortgage. Or a car loan.... + +Let's take a look at how the OG of diamond hands' stock is doing. Warren Buffett. The man who gave up on Wells Fargo after 31 years. + +[https://economictimes.indiatimes.com/markets/stocks/news/warren-buffett-sells-31-year-old-investment-in-wells-fargo/articleshow/82727758.cms](https://economictimes.indiatimes.com/markets/stocks/news/warren-buffett-sells-31-year-old-investment-in-wells-fargo/articleshow/82727758.cms) + +(Not sure if a paywall is required for that article. I have a paywall bypass extension. If so, just search "Buffett sells Wells Fargo".) + +BRK-A and BRK-B have have 1 major drop in their history. Spring 2020. Here we are, just over 1 year later. + +&#x200B; + +[BRK-A 4 year chart](https://preview.redd.it/6c8qvibgh8671.png?width=1238&format=png&auto=webp&s=6befd29dd1a2b51a69a26f59c1cd14e6c46b7a98) + +With an all time high (ATH) of almost double the spring of 2020 low, we can still see that sharp drop at the end of the week. In the bottom right corner, that red volume spike shows that more than one person is "taking the money and running". For a stock that normally trades 50-100 shares a day, I would certainly say that 1,141 shares being sold in 1 day is a big deal. In recent weeks, there's been some major buying and selling up in the 3,000 shares range after hours. We just can't see it on this chart. + +Let's take a look at BRK-B + +&#x200B; + +[BRK-B 4 year chart](https://preview.redd.it/je9ndq3fi8671.png?width=1232&format=png&auto=webp&s=22baa010e10f3209d3eba97af721f8d55a30d0cc) + +Not quite twice the high of the spring 2020 low but a recent ATH. The volume actually looks pretty stable. Keep in mind, this is the retail version of Berkshire Hathaway. The price is more fitting for small whales and those who want to ride on the coat tails of long whales. + +Now to something a little more fun. Let's check out some indexes and see what's going on. + +&#x200B; + +[Index List](https://preview.redd.it/mghpvyq2j8671.png?width=801&format=png&auto=webp&s=44ffa036222e8366b67ce56db25ca88a7c9fbaf4) + +This week wasn't pretty. When anything in the above list moves more than 0.5% in a week, something big is going on, or about to happen. Above shows just Friday alone. It might not seem like much but those are pretty big numbers. + +The top 4 show a pretty recent ATH. From Wednesday on, the losses have been fairly significant. + +What does all this mean? It means buckle up and hold tight. You're on the back of a whale and you're in for a ride. There's going to be some deep diving, breaching, death rolls, fights and it's going to end with, + +"So long and thanks for all the fish." + +The killer whales are about to attack and the dolphins are about to head for space. All you have to do is hang on and enjoy the show. + +TLDR: This week showed the beginnings of an epic shit show. The losses will be unlike anything we've ever seen and once it concludes, we'll finally be paid. Dancing is NOT recommended. Up your floors and your ceilings. There will be a lot of people in need of help when this is over. + +&#x200B; + + +**How I read/analyse financial statements. This is not a 100% how to guide to determine if a company is big brain, this is just how I like to read and value certain sections.** + +If any of this looks familiar its because its an old old post but reposting for/u/BrettoStevens and figured some of you may find it helpful too with earnings coming up. Also if you want more info on understanding the ratios and how to use them i have separate posts on them + +To start most companies will have their income flow, then gross profit, costs and then NPAT. Then they’ll include tax shit and whatever else they want before they say their total profit for the year. + +The most important out of all of this which I focus on is the revenue and EBITDA (earnings before interest, tax, depreciation, amortisation). The reason I don’t focus on NPAT as much is that smaller companies in particular will often get tax incentives or tax benefits and it can bump up their overall profit to look better than it really is, because all they’ve really got is a cash handout. I solely look at mid/large cap stocks, so tax usually doesn’t play too much of a role but its easier just to eliminate the variable. Depreciation and Amortisation could be argued to be one of the biggest reasons to ignore EBITDA and focus on NPAT, but once again for the sectors and companies I look at i focus more on EBITDA than NPAT. + +Revenue/sales is the 2nd biggest factor and should be read in comparison to a companies profit. There are a few scenarios in which this is beneficial, a company may be reducing spending and revenue to focus on EBITDA growth, a company may be focusing solely on revenue and not worrying about a profit as much (Afterpay for example), or a company may be trying to balance both areas. Revenue growth is important but can come down to macro factors as COVID has shown, it’s an easy way to see how a company is doing without management been able to make up some excuse. A lot of retail have done well for example, and yet very few management teams have said its unlikely to continue (which in my opinion it is unlikely), yet for companies and sectors which did poor management has said we expect to bounce back once COVID is settled (Telstra by 2023 for example). Revenue growth % is not a big important factor for me as the actual number is, I prefer a companies revenue to be around their market cap or higher and if its lower I generally want atleast 20% growth CAGR (Constant annual growth rate) as this gives me some room for error or a bad year (Appen for example). + +The biggest area I focus on is the EBITDA or EBIT same same, nobody really cares about depreciation and amortisation unless its asset heavy companies. This is different for me in the sense the % growth needs to be constant and shown or there better be a lot of revenue growth. If a company over the past few years has shown that their focusing on earnings and revenue is slowly climbing then ill be more happy than if EBITDA is only slowly climbing while revenue is doing well. This is because I typically analyse companies with decent growth and as such I want to see profits and not just spend spend spend. I don’t really have a % I aim for but anything over 20% I consider great and anything under 10% I look for why its not growing much. + +When reading financial statements its important to at least have a quick look how they have gone previous years because you can see a lot of bias usually. Lets say 2019 was a bad year and 2020 is expected to look good, well 2020 may be on par with 2018 and so overall its not as great as it first looks. This is actually common, I cant remember the stock this is for, I think it might be elders ironically in which this is the case. + +Next before I forget is dividend payout. Easiest way to check this is to just go to commsec and they will show the dividend payout % rather than you having to calculate it manually. Usually the company will show how many millions its paid out rather than the %. ASX investors typically rely on dividends and companies who don’t pay a dividend are expected to justify it with growth more than in the US because we have franking credits. This is why a lot of companies will just do a 1-2% dividend even though when you compare that dividend to the previous 12 months share price it has minimal impact, it’s a way to show they’re “putting investors first”. Its like if the RBA cut rates to 0.1% its more of a sentimental thing than a practical thing. The smaller the dividend payout the happier I am because it gives more cash for the business to invest back into itself to keep growing, this is largely because my strategy is growth companies and not income ones. QUBE is the perfect example of an income company. When looking at dividends its important to look at their net cash flow to see if they’re making money from their investments or pissing it away. FCF is a major thing that is rarely mentioned but has a lot of value, if a company can generate FCF then its essentially extra cash to keep investing. Ideally you’d like it around 20-30% but that’s just me, as long as its positive ill generally give it a tick and move on. + +You also have earnings per share which is used in formulas for valuing the company and most commonly the P/E ratio. Some people swear by it, some say its useless, ill leave the debate to you as im sure you’ve heard of it. I personally give it a bit of attention and like a company to have a P/E under 40, if it’s a growth company with a P/E under 10 that’s also a good sign either somethings majorly wrong or it may be cheap. + +Next thing to look at is the actual revenue categories and where the business makes the majority of their money from. Its also important to understand how profitable that category is. If a company such as Elders specialise in crop protection but the margins are 4% then its probably shit or something big has gone wrong. I like the margins to be above 20%, and usually the highest I see is around 30-40%. + +**Balance sheet time**! + +First thing is always cash, the amount of cash on hand is obviously dependant on the business size and I don’t think theres 1 set amount, it depends heavily on their debts for me. + + +CASH CAN BE EXTREMELY BIAS DUE TO CAP RAISINGS! DO NOT GET FOOLED BY A COMPANY HAVING A LOT OF CASH WHO RECENTLY DID A CAP RAISE! IT’S A LIFE HACK FOR COMPANIES TO LOOK GOOD ON THE SURFACE \*cough\* BUBS \*Cough\* + + +Generally the goal I aim for is cash to be greater than their current/short term liabilities. With small growth companies this is almost never the case, but bigger companies generally have no excuse. Trade and other receivables I skip for both the asset and liability side. Non current assets I look at property/plant/equipment if it’s a physical asset heavy company and how much tax benefit they have (if any) at all. + +Then comes liabilities! Managements favourite thing to talk about…said nobody ever. For current liabilities I like to focus on borrowings/loans however the company wants to try spin it. They will have a number for which notes section explains it in more detail and if the loans are more than their cash ill have a check and see why its so high. Once again you can have a look at any tax payable but like the asset side its usually some small insignificant number I don’t care about. + +Next is long term liabilities which I prefer a company has a good amount of debt compared to equity, this is because as a shareholder id rather the company raise money from debt than get it from shareholders as I’m rarely holding it long enough to benefit from the cap raising, and usually they give the bigshot investors 70/80% of the cap raise and us retail small investors the remainder. A company having to raise money is generally not a good sign but once again if they’ve shown they’re good at re-investing into the business then I’m happy for them to have a small portion of debt. Once again though id prefer it be less than the cash but I’m not too concerned especially because its long term. + +Last but most certainly least is the notes where they justify all their bullshit which you can read if you want a more detailed understanding of the company, completely up to you. I only do this if I’m 50/50 on the company which is very rare. But it does help break down a lot of their numbers so If you haven’t read the notes section before id recommend doing it and seeing how valuable you personally find it. + +Once again this is purely from my perspective and how I use it for my strategy. If your strategy is penny stocks then this might as well be thrown in the bin. But if you like mid/large cap then hopefully this helps. +We all heard about DWAC and saw the price action this week. At this time, I would classify the ticker as being in an “orange zone” after a 30% drop from the peak. For those that are new to some of my posts I usually showcase stocks that currently are or have been trending on social media and give them zones based on volatility. Right now DWAC is in trading in a range that is a red flag for me, personally. + +&#x200B; + +**Red Zone** = High volatility, poor risk/reward. + +**Orange Zone** = Medium-high volatility, better risk/reward entry point. + +**Green Zone** = Lower volatility, risk/reward most likely in my favor. + +Here’s what I have for DWAC. + +https://preview.redd.it/k38t8vnhlhv71.png?width=2384&format=png&auto=webp&s=8ff63e72a3a2583b1692dec581d94706056cb90f + +&#x200B; + +For my personal risk tolerance, DWAC \*might\* have a favorable entry point somewhere in the green zone and $60 range. Anywhere above this zone and I feel my preservation of capital will be at risk. Time will tell where it ends up on this one. + +&#x200B; + +# Now for this week’s watchlist + +A few stocks caught my attention last week. Some are simply over-sold and high IV while others have earnings coming up. I’ll go through the method to the madness below. Keep in mind these options prices will all change Monday at market open, but at least I can gauge what my return will be on each play. + +&#x200B; + +**dLocal (DLO)** + +https://preview.redd.it/5b8ycbkilhv71.png?width=2444&format=png&auto=webp&s=f9fcafa8e2aaa0c920eca2006670a0ea2528cf71 + +dLocal was on my “buy the dip” watchlist from several weeks ago. I entered a half position then, and now I’ll have an opportunity to average down into a full position or collect premium and lower my cost basis (CB) of my current position. I’ll be looking for a bounce, even the dead-cat kind, after hitting pretty low numbers on the RSI. I see additional support at $45 and my break-even on the CSP will be below that. + +Current Stock Price: $47.50, IV: 77% + +Earnings: \*Estimated week of Nov 18 + +Sell-to-open option strike/expiration: $45 strike PUT, 19 Nov, 2021 + +Return: Collect $2.85 or $285 in premium per contract. Return of 6.3% in 4 weeks, 82% annualized. + +Break-even: Should the stock drop, my break-even share price is $43.15, which would be my eventual cost basis. + +&#x200B; + +**Robinhood Markets (HOOD)** + +https://preview.redd.it/67b9ok4jlhv71.png?width=2454&format=png&auto=webp&s=d25caa3089661565036f146b3099187b416de3e4 + +Since the HOOD IPO the stock fell sharply to the low 40’s and has remained there ever since. The support formed at $40 is actually incredible. Robinhood holds a large amount of crypto and with the crypto boom that we’ve seen over the last couple weeks Robinhood’s balance sheet has possibly been one to benefit. Earnings are coming up this week on Oct 26 (Tuesday after market close). + +HOOD has highly-anticipated crypto wallets coming soon, a large user-base, and opportunity to expand to new markets. + +Current Stock Price: $39.59, IV: 75% + +Earnings: 2 days away + +Sell-to-open option strike/expiration: $39 strike PUT, 12 Nov, 2021 + +Return: Collect $3.50 or $350 in premium per contract. Return of 9% in 3 weeks, 156% annualized. + +Break-even: Break-even share price is $35.50, which would be my cost basis if I am assigned the shares. + +&#x200B; + +**Duolingo (DUOL)** + +https://preview.redd.it/t6hp5npjlhv71.png?width=2464&format=png&auto=webp&s=e841578a444beea1b1b213aebae2f7bb3bfbfea2 + +DUOL dipped two weeks ago and offered a good entry opportunity. I will be looking to play this as an earnings run-up, which means I will be hoping the stock has a good showing going into earnings. I will be selling before the earnings event. + +Current Stock Price: $178.26, IV: 73% + +Earnings: Nov 10 + +Sell-to-open option strike/expiration: $170 strike PUT, 19 Nov, 2021 + +Return: Collect $10.50 or $1,050 in premium per contract. Return of 6.2% in 4 weeks, or 80% annualized. + +Break-even: Break-even share price is $159.50, which would be my cost basis if I am assigned the shares. + +&#x200B; + +**Riskified (RSKD)** + +https://preview.redd.it/7fxdr7mklhv71.png?width=2450&format=png&auto=webp&s=3660ebb125d4d9b86484f7f2363b78356d49ecc9 + +RSKD is another recent IPO with a share-pricing date back in August. The stock saw a strong performance in September, but has since taken a tumble to below it’s IPO price. In my opinion RSKD has a good business model and I am willing to open a starter position using a cash-secured-put. + +Current Stock Price: $18.74, IV: 87%, RSI: 40 + +Earnings: Early December + +Sell-to-open option strike/expiration: $17.50 strike PUT, 19 Nov, 2021 + +Return: Collect $1.00 or $100 in premium per contract. Return of 5.7% in 4 weeks, or 74% annualized. + +Break-even: Break-even share price is $16.50. RSKD would need to drop an additional 12% for this position to get assigned. + +&#x200B; + +**Ginkgo Bioworks (DNA)** + +https://preview.redd.it/j36m9o8llhv71.png?width=2456&format=png&auto=webp&s=312eb80a35e12310d9eec0248e917b6a9fca9467 + +This merger (with SPAC ticker SRNG) has been highly volatile and is the most risky play on today’s watchlist. IV is extremely high due to the volatility and DNA is down 10% since last week. Notable holders of the stock are Cathie’s ARK ETFs. + +Personally I feel this is still in a moderate-risk “orange zone”, but if we get a continued dip down to the 50 EMA (orange line), I will look more meaningfully for an entry. + +Current Stock Price: $13.14, IV: 100% + +Earnings: Unknown + +Sell-to-open option strike/expiration: $12 strike PUT, 19 Nov, 2021 + +Return: Collect $1.20 or $120 in premium per contract. Return of 10% in 4 weeks, or 130% annualized. + +Break-even: Break-even share price is $10.80, which would be my cost basis if I am assigned the shares. +> A new Spectrem Group report on millennials focuses on income levels rather than net worth in an effort to discover how this generation of high earners is using its significant income to create a portfolio of investment and savings vehicles. + +>Spectrem noted that the oldest millennials are approaching 40, and the way in which they invest their money has implications for the future of the advisory industry. + +>“As America’s largest generation, millennials have fully arrived as investors,’’ Spectrem’s president George Walper Jr. said in a statement. “They matter now to all financial advisors and providers who are paying attention to generational changes among investors.” + +>The research was restricted to millennials with minimum annual incomes of $100,000 for singles and $150,000 for couples. It was conducted between May and August, and involved 443 participants. +Two-thirds of high-income millennials in the study had education-related debt, but only about half reported a personal financial effect from their student loans. + +>This is in contrast to the situation millions of Americans burdened with student loan debt find themselves in. + +>The Spectrem research found that high-income millennials placed a higher priority on saving for retirement than paying off student loans. + +>At the same time, more than half agreed or strongly agreed that their education-related debt prevented them from contributing as much as they would like to their 401(k) or other employer-sponsored retirement program. + +>The study shed light on how high-income millennials are saving or spending their money, and how they are allocating their investable assets. + +>Among the findings, 53% of millennials defined success as the ability to afford leisure activities, while 45% said it was raising a family. + +>About half purported to be more concerned about their aging parents’ health than about their own, which could influence their investing decisions, Spectrem noted. + +>Three in four millennials in the study said they planned to retire between the ages of 50 and 70. Spectrem said this indicated that few put themselves in the “I will never be able to retire” or “I don’t plan to ever retire” categories. + +>Slightly less than half of high-income millennials reported that they had a financial advisor, and a comparatively higher percentage of younger ones said they had found their advisor through advertisements rather than from referrals. + +Edit: article https://www.thinkadvisor.com/2019/09/27/high-income-millennials-put-retirement-savings-ahead-of-student-loans-survey/?amp=1 +Good Morning Y’all. **This was meant to be part 5 of Intro to GME 103: Reg Sho rules.*** but due to recent circumstances I decided to fast track this DD. + +**TLDR: The split dividend, Reg Sho settlement rules and the glitches prove the shorts never closed. GameStop is still massively shorted** + +https://imgur.com/gallery/fq9WAxh + + +**I. Reg Sho recap** + +A. The only way to close a short share is for a long term holder to sale their shares. Otherwise institutional investors are playing hot potato with the short share. + +B. Reg Sho 203(b)(2)(ii) allows an exception of allowing up to 35 trade days for shares to settle, instead of the usual T+2, before they are marked as fails to delivers. + +C. Reg Sho 204 has a close out requirement for fail to delivers. The close out depends on whether the sale was marked a) long, b) short, or c) deemed to own. + + +**II. July 22, 2022 stock split dividend** + +A. For the stock split GameStop delivered shares to DTC to issue as dividend. The DTC issued the shares to brokers it had registered as owning GameStop shares. The brokers which often use internalization to keep shares on their books then delivered the shares to stockholders. + +B. **So what mechanism did the brokers who were internalizing trades use to balance their books?** + +July 6, 2022 the stock split was announced. There was a furry of shares traded between July 7, 2022 and July 22, 2022. Enough time and shares traded that investors could accumulate stock by July 22, 2022 to be considered “deemed to own” when the stock dividend was issued and their sales could qualify as long sales. Thus only requiring a portion of pre-split shares when the outstanding shares were 76 million. + +So on July 22, 2022 the brokers shorted the stock split dividend to provide the dividend to all their customers. As they prepared before hand they were able to report the stock dividend as a “long sale” for purpose of Reg Sho. 35 trade days after July 22, 2022 is September 12, 2022. The shares needed to settle by September 12, 2022 or be marked as FTDs. + +No shares of GameStop failed to deliver on September 12, 2022. No shares of XRT failed to deliver on September 12, 2022. It is extremely unusual that not a single share failed to deliver on those dates. The brokers covered, by buying an equity or finding borrowable shares, to prevent a fail to deliver. The reported volume of GME on September 12, 2022 was 6,175,200, so the shares were not bought. This means the brokers found a counter party to short the shares to them. + +C. **So, how were the shares covered?** + +September 12, 2022 was the day 2025 equity and ETP leaps (long dated expiration options) were added. So the new leaps could have been bought by the broker to cover before the sale became a fail to deliver, leaving the short open. But honestly any call options would be enough to cover the fail to deliver. + +This causes two reactions: + +1. With the calls the broker has bought they have hedged the position so the short remains open and their customers keep their dividend shares. They do not need to exercise the calls, it could be a synthetic long. + +2. The options market maker now holds a short as well since they maybe asked to deliver on the contract. The sale of the contract was a “long sale” as most market makers keep many shares/calls at their disposal to hedge. + + +Now the options market maker has up to 35 days to cover or risk failing to deliver. They may cover by borrowing shares to enter into a short position, which does not have to be reported, or buy shares. 35 trading days from September 12, 2022 is October 31, 2022. + +On October 27, 2022 Ortex reported a [massive spike in shares borrowed](https://twitter.com/ortex/status/1585716589919277056?s=46&t=4nq3fFOY1CMqVzYLpxykuQ), shares borrowed for GME were 115.52 million by the end of the day. Someone borrowed over [115 million](https://www.reddit.com/r/Superstonk/comments/yfnkal/what_happened_yesterday_1027_is_just_cohencidence/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) to cover a short to prevent a FTD. Ortex eventually made a statement that the trading desk that gave them the information erroneously reported it and it was a [glitch that it was viewable](https://www.reddit.com/r/Superstonk/comments/yor0gy/the_borrowed_shares_we_saw_from_ortex_are_real/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). 🤡 + +Apes have made many theories on the origin of these shares. The one I find most compelling is that it was used to cover a FTD for [another trade](https://www.reddit.com/r/Superstonk/comments/yf8ulq/the_4_main_reasons_that_a_stock_may_be_borrowed/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) as in this case the trade occurred July 22, 2022. But who actually traded over 115 million shares. One ape makes a compelling case that it was a prime-broker using [synthetic prime brokerage accounts](https://www.reddit.com/r/Superstonk/comments/ypqcku/synthetic_prime_brokerages_ortex_borrows_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). + +None the less on October 31, 2022 GME price went “parabolic” as previously reported the day prior. 24 million shares traded that day. + +On December 2, 2022 GME “glitched” and reported a [459 million volume close](https://www.reddit.com/r/Superstonk/comments/zbaq9j/was_hesitant_to_post_this_cuz_its_basically_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). That’s almost 4 times the amount of 115 million. This means 115 million pre-split shares borrowed finally settled on C+35 (deemed to own) plus T+2 (market makers have an additional T+3) from October 27, 2022. + +**C. What about the 24 million shares from October 31, 2022?** + +There’s six possibilities: +1. On C+35 (December 5, 2022) from October 31, 2022 we see a run of up to 96 million shares. +2. On C+35 plus up to T+3 (December 8, 2022) a market maker covers and we see a run of up to 96 million shares. +3. Potato is passed around again and is bought in on T+35 December 20. +4. Potato gets passed around again until T+70. February 10, 2023. +5. Further share borrowing. +6. A combination of the 5 above to distribute the 96 million shares at a time when the volume is very dry. + +Edit 1 to update T+70 date for correct year. + +Edit 2 to make clear that the 555 million (459 million + 96 million) shares shorted are the lowest estimate of shorted shares in existence. + +This information likely came from one or two trading desks (if different sources for each glitch). We don’t know the exact number of shorts that other prime brokers may hold as they didn’t accidentally provide the numbers to a third party. +I’ve been reading this sub since 2015 and with the encouragement of my partner, finally decided to post. Throwaway so I can share #s and answer your questions. + +Background: daughter of two immigrants, I was born outside the U.S. but raised here from a young age. My parents are some of the most disciplined and frugal people I’ve ever met - probably due to growing up poor in rural India. We were low income as I was growing up but my parents worked hard and are solidly middle class now. I got what I needed as a child but rarely anything more. + +College: Luckily I loved school and got good grades. Landed a generous scholarship and went to a small liberal arts school. Thinking I wanted to be a lawyer, I got the equivalent of a poli-sci degree. Graduated at 20 years old, and became the first person in my family to get a college degree. + +Post college: Had a crisis while taking the LSATs and applying to law school. Decided being a lawyer wasn’t going to be for me and withdrew my applications. + +So at 20, I had a network of 5k, a “useless degree” and no direction. This was the first time in my life I felt aimless, without school to guide me. But, thanks to my on-campus job in college, I had a few thousand dollars to my name. + +I had the realization that when your parents work manual labor jobs your whole life and haven’t gone to college, you don’t get a road map like other kids. I had no idea how the corporate world worked. But I was willing to work hard and learn, because that’s what I’d learned from my parents. + +Start of my career at 20 years old: +- Left the suburbs where my family lived and moved to a HCOL city nearby. I got a job as a content writer at a startup paying 32k a year. +- I was barely scraping by this time and without the help of my partner, I literally wouldn’t have been able to pay rent. + +Lucky break during this year at the start up: I discovered FIRE and realized how much it aligned with my values, and how much I was already living that lifestyle. My partner and I were already sharing a 500 square foot studio to save money. + +From there, my goal became to grow my income and stay frugal (not that I had a choice with my income at this time lol). My partner was 100% on board and to this day, I consider that my luckiest break of all: I met someone whose financial values align with mine. + +Job changes and networth for the next 5 years: + +- Content writer (32k) &gt; contract role doing content (40k) &gt; got converted from contract to full time in marketing dept at the same company (53k). + +These two years were HARD. My budget was strict and had almost 0 discretionary spend. Still sharing the same studio apartment with my partner. But I worked hard to prove my value at work and saved every penny I could. Networth went from that initial 5k to 50k over two years, thanks to lots of stock market growth. + +- Left the company where I was making 52k &gt; to take a contract marketing type role at Microsoft (74k). This move was entirely to get the big name on my resume. + +Thanks to four years of scraping by, STILL living in a studio apartment and a really strict budget, I broke 100k at the age of 24. + +Finally started to indulge a little in “fun” purchases like coffee shops and date nights. + +Early 2018: +- Started applying to content marketing roles at FANG companies. I had Microsoft on my resume and a better understanding of what non-tech roles existed at big tech companies. +- After 5 months of rejections, I landed a FANG job with a salary of 130k!! +- Had to relocate to another state for the job +and it was now mid-2018, and my net worth was just about 150k. + +Moved into a 1-bedroom apartment for the first time. Expenses went up in my new VHCOL area but my salary increase offset that. + +Been at the same company for 2+ years now and went from 130k to 150k in total comp thanks to two generous raises and working hard to be a “top performer.” + +Hit a net worth of 300k this week. Having a high income, spending less than 40k a year in a VHCOL area, a generous employer match, and the “trump rally” all contributed. + +The last 7 years have felt like a whirlwind. I didn’t even learn English until I was 5 years old and now I’m working at a top tech company. + +The events of the last few months made me feel compelled to share my journey and maybe inspire other people on the FIRE journey who are minorities, don’t come from a secure background or are struggling through the corporate world. I feel INCREDIBLY fortune to be in this position. + +Anyways, thank you for letting me share my story with you all. Ask away if you have questions and I’ll do my best to answer throughout the day. + +Edit: spelling. +I've been fatFire'd for 7 years now but really only "retired" in 2020. This was because I never really wanted to stop building new businesses and creating new products. Now that I've taken the time off I'm starting to really think about what I want to do with my time ... and working is very low on the list ... which is why I'm considering going back to school "just for fun". + +In particular I'm thinking about combining slow-travel with going back to school. My professional background is in software ... but I've always enjoyed playing around with video and animation as a hobby. My thought was to apply to various art programs around the world. + +Has anyone else here done this? Did you enjoy the experience? Any advice or suggestions on where and how? Thanks for the feedback. +Hello! I have been struggling for quite some time. Being a single mother is very challenging and also rewarding. 4 months ago I fell on hard times ended up in a shelter. I would like to say that today my credit has improved, I moved into my apartment yesterday, will start a better job come the New Year, son starts preschool, and things are looking up. +In recent weeks, I've come to the conclusion that ***risk adjusted, it is likely going to be very difficult to outpace ETH for growth potential over the next year.*** As a result, I've dramatically curbed my exposure to ERC-20's and other tokens, which was at ~15% before and is now down to 2%. + +***Why?*** + +2018 will undoubtedly be a year of growth for small cap and mid cap tokens, but it won't be consistent across them- there will be winners and losers, and lots of risk. But I believe **2018 could be tremendous year for the growth of larger cap coins with established network effects.** People getting into the market may want to dabble in the smaller coins as they get their feet wet, but many will want to stick with tried and tested coins with real use and track records (e.g., ETH and BTC). Many smaller coins right now offer purely speculative value, with uncertain track records and little to nothing to show in terms of working blockchains. And coins that already have fiat on-ramps (or will get them in the next 2 months) will have a big advantage over everything else. + +Also, the **introduction of futures** (possibly even physically settled) for ETH could be a game changer. Where BTC futures price discovery has stabilized the price, I believe that ETH futures could actually take the price higher- both before and after they launch, as many believe that ETH is undervalued versus other coins in the market. Just take a look at the tone of mainstream media coverage around ETH so far. Many are suspicious of BTC's value, but are inquisitive about ETH's. I'll be keeping an eye on how this dynamic plays out in early 2018. + +Initial **Proof of Stake** implementation is also expected in 2018. This will have the effect of locking up vast quantities of ETH and will also introduce the concept of a "dividend-paying" token for mainstream and Wall Street investors. I think the price effect from this could be absolutely staggering. I don't want to make wild numerical predictions, but what happens when you take a commodity that is essential to the operation of a growing digital economy and you all of a sudden make it significantly more scarce? **The price goes up, way up.** + +Finally, ETH represents not just a digital "currency" (read asset), but also a **foundational protocol layer**; and one of the few in this space that are actually being used and will likely see dramatically increased usage in 2018. ERC-20 and EEA projects will accelerate and start to deliver tangible results. And new value being collateralized on-chain via ERC-721 tokens (like the Kitties) will also help to create a very durable network effect (i.e., once you have things of value on one chain, beyond the easily tradable ETH currency, you are more invested in wanting to see the overall chain succeed). + +Sure, ***there are risks for ETH, too.*** + +How quickly **scaling solutions** can be deployed is one, but I think people are willing to wait for scaling. Ethereum has a solid roadmap for this, with incremental solutions hitting over the next 1 to 3 years. In the meantime, it's quite possible transaction costs will go up, due to increased network demand, but this could have a beneficial side effect in the short term. Ethereum will continue to be used for important, "higher economic value" transactions- cementing its foothold in this market. And as scaling solutions come online, fees will drop, and provide cheaper and slightly less secure options via L2. No one wants for Ethereum to become an expensive to use blockchain, but the reality is the main net may not be cheap as it is now forever, unless it can scale to near infinite capacity with quadratic sharding. This is just a reality of blockchains and economics. Extreme security may one day need to come at a price. + +**New entrants** are another risk, but I also believe that this will not be a significant detractor to Ethereum's growth during 2018. While many of them may gain in speculative value, very few will be able to deliver a network as strong as Ethereum's in 2018 and possibly even 2019. During that time, the **Ethereum network effect** will grow dramatically. Ethereum is on the cusp of entering the zeitgeist, with mass mainstream awareness about the platform that will occur over the next 2 years. It would not surprise me at all if Ethereum became a platform that many mainstream people see as "cool" during 2018 (think Apple versus Microsoft / IBM). Especially with more Kitties / Puppies coming imminently and Toshi (mobile network browser for Ethereum) becoming more useful. + +***TL;DR: Bullish AF. Buy other tokens with caution, unless you are doing it to have diversification in your portfolio. Really consider if they can beat ETH's growth potential in 2018.*** +Currently entertaining the idea of investing in a 2 family in a town that has a small state school in it. There's also a small hospital there and it holds a steady population of 17,000. Between the state school and the hospital, people are always going to need somewhere to live. + +The house is listed at $230,000 and is 2 units of 3 bedrooms each. They're claiming the property takes in $47,000 in rental income every year which is offset by $10,000 per year in expenses (insurance, taxes, heating, garbage, and lawn maintenance). Thus providing a net income of $37,000 per year. After you factor in the mortgage it comes out to around $28,000 profit per year. That seems like an insane opportunity and I can't fathom why someone would be selling a property with such positive cash flow. + +Am I missing something painfully obvious that would serve as "the catch"? Since it's primarily rented by college students, I would form an LLC and get an umbrella policy to ensure I am extremely covered from a liability perspective as well as getting the students' partents to cosign/guarantee the lease. + +Any insight would be greatly appreciated! +Hey guys, + +&#x200B; + +I'm 28 and I inherited a townhouse that is paid off. My goal is to get into real estate investing to generate income that can eventually help me retire earlier. What are some strategies I can employ to make the most of this ? I am very new to investing + +&#x200B; + +&#x200B; + +Thanks for reading +So my wife and I just had a baby recently. Of course I want the best for her and want her to go to college. I've been looking at 529s and they ALL project public 4 year colleges to be well over $200,000 in tuition. My heart shattered at that thought. I'm curious what everyone feels a good target number should be? Or if this is accurate? + + +I have my own student loans to pay and I want to use the 529 for early birthday money and gifts from family to boost it as well as monthly contributions. +I'm 23, an autistic adult, and I live alone. A few months I had to leave an abusive household to move out on my own and it's been really challenging. Today I had to sell my only guitar (my baby) to pay off some debts that I owe. My parents make a lot of money but are deeply in debt so they aren't able to help out - but even if they could, they wouldn't, because they stopped supporting me around the same time I came out as trans around a year ago. +I live in a college town and it's so frustrating seeing all these people my age whose parents are paying for their degrees, their apartments, sending them surprise gifts in the mail. Being poor makes me feel so ashamed of myself, even if I know it's a feat in itself that I'm able to do all this with a disability and no family support. I guess I just envy people whose parents support them both financially and emotionally. It's so hard to not feel like a failure when it seems like the whole system is working against me. +This is really just a vent, but virtual hugs are always appreciated. Hope everyone's having an okay day today. +After answering their questions, they claim that I took care of my checkbook improperly and that is how the information was compromised. However, they authorized a check that is vastly different than my checks (not even the same routing #) and that has a signature that looks nothing like mine. Doesn't this seems like something they should have a responsibility to protect me against? What else am I paying them a fee every month for? + +Edit: Also they said another reason they can't refund the money is that I have shopped at this particular grocery store chain in the past. They refuse to even look into whichm branch the check was used at. They just immediately rejected my claim within minutes on the phone. + +Edit 2: Thanks so much everyone! I'll be filing a police report and then going into a branch to get this taken care of. I will update later today when I know something else. + +Edit 3: A police report has been filed and we are waiting on an investigator to follow up with us on that. We visited a Chase branch and the banker spent 2+ hours with dealing with the fraud department (as of now the case is reopened but no promises yet) and also moving the money to a new account). Not sure if we will stay with Chase, but the very patient and kind banker has helped ease my nerves and I'm okay with waiting a bit to see what the fraud department does. I will update again when I know more from the fraud department or the police investigator. We are also going to be filing an identity theft report with the ftc when we arrive home. Thank you to everyone who has helped me out so far. The information has been super invaluable and you all have received Reddit silver from me. + +Edit 4. Still waiting to hear back from Chase, but we received a letter from the police department saying they won't investigate due to little evidence. They must have sent it immediately for the snail mail to reach us that fast. I tweeted out to the grocery chain with the information I had so they may be able to provide any more details to the police and have the investigation reopened. + +Final Update: Chase decided to refund the money. Only took like weeks of fighting with them haha. Turns out the grocery store is also doing their own investigation into the issue. We will see what they say, but I don't expect much. Thank you to everyone involved here who gave such wonderful advice!!! +Where is Mr. “retail needs a cop on the beat”?? + +Has he commented or discussed the FTX situation yet? Has he even made an appearance in the past two months? + +Seems so corrupt… is he under arrest or a NDA for his compliance with FTX scheme? + +What is even happening? I feel like we are just spectators to a weird Asian game show where we buy a stonk and make the people in the centre stage fight over the selection and we end up getting a cannon of money shot towards us. What is real life? Where is Gary Gensler? Where is Mrs. Monaco? DOJ? Anybody with a brain cell and common sense? + +Somebody said that white collar crimes in the financial sector specifically, would start to come with prison time. WE ARE ALL WAITING….. +Think about it. Hedgies will have backup plans to their backup plans. Let's say you're a hedgie and you've failed at plan A (stop moass). So now moass is happening and you're fucked. What's plan B? + +Plan B is to mitigate losses. + +So then, how do we think they will do this? + +They'll deploy their shill army to try and get people to sell early. Induce some fomo by making posts like "Ohh I'm so happy! I sold at $500 and bought a Lambo!" with the intention to get paper hands to fold early. + +So, I propose that we ban all of these posts until a certain set of requirements have been met. At the very least, I think that the ape community should unanimously agree that moass is over for at least one month. Or maybe the price is $1 trillion or something ridiculous. + +Ape strong together. Buy, hold, drs! +Renting is such a waste of money I get depressed even thinking about it. I just calculated how much I spent on rent In the past seven years I lived on my own. I’ve spent over 100k in rent. If I had a house atleast I would have some equity to show but nope just threw 100 grand down the drain. +I've been doing this for about a year now. I've learned a ton. In that time I've put together a hodge podge of rules I stick to. I try to be systematic, and stick to them. I consider myself to be a moderately conservative investor, who takes some occasional more aggressive plays. + +As it stands, on my theta gang trades, I've got about a 90% win rate. But, my ROI is between 4.5 and 6% annually, pretax. Better than a savings account, but not great. Not enough to justify not being in VTI, lol. + +I primarily sell CCs and CSPs, and do PMCCs. + +My rules (most of them you guys would care about): + +* Try to avoid memes, focus on a sustainable return + +* Sell CCs after at least 2 green days. + +* Sell CSPs after at least 2 red days. + +* Target 30-45 DTE, but a little further out is ok if it's got better liquidity (55-60 have happened) + +* BTC under the following conditions: 21 days, 50% profit, if I hit more than 25% profit in less than 25% of the DTE when I purchase. + +* On short positions, target 15-30 delta + +* For PMCCs, on the long leg, I target a minimum of 85 Delta, one date shorter than the farthest available expiration date. For short leg, target 20 Delta. + +* Close ITM PMCCs by closing out the spread, do not execute. + +* IV is above HV by at least 10% + +My most recent rule has been to only enter trades with at least 20% annualized return which doesn't seem to have impacted much. I may increase to 30 but I don't find a lot of trades that check that box. + +My watch list (it's short, I know) + +* INTC +* CMCSA +* F +* NOK (getting rid of this, not worth the capital) +* MJ +* XLF + + +I feel like my strategy is working decently well given the win rate. The returns feel sustainable. I'm profitable. + +But I feel like the returns could be much better. I know SP500 averages 11% per year, so I'm not close to beating it. + +For the more experienced folks, what could I do better? Different tickers? Anything I could tweak? Does a high "win rate" really mean I'm being too risk averse? + +I'm just hoping to get some constructive criticism. Any feedback would be appreciated. +Title. Closed my account with them in 2015/2016. + +I keep getting mail about my accounts with them. Last week they sent the last 4 of the accounts. Called them up and they confirmed that they exist. These aholes opened two new accounts in my name in 2017 l (~~saw it on my credit report~~). + +I'm pissed. Besides closing the account, how else can I punish WF. It isn't right they can just play with my personal finances just to score a few extra sales numbers. + +Edit: Monday I'm going to ask for opening document signatures +Hey all, I've been trying to figure this out but need some help wrapping my head fully around it. If this isn't the right sub I apologize. + +I have ~60k saved up to buy my first house, and have been looking in the 250-350k range. Does it make sense to buy a house now while rates are low or wait for prices to drop in the next few years when (assumedly) the rates will be higher? + +I'm currently renting a place from a friend of mine with a crazy good deal, so I'm in no rush to buy but I'm at the stage of my life that I'd prefer to have a place of my own. Not looking for explicit advice since of course we don't know the future holds, but more just a gentle guide of what I should be thinking of when making this decision. I've got a bit of anxiety about the whole thing. + +Thanks in advance! +-Natt + + +Edit- just wanted to say in a blanket statement that I really appreciate everyone's insight into this :) it gave me a lot to think about, plus I have an excuse to make a spreadsheet. Thanks everyone! +We inherited a diversified account from Morgan Stanley set up for an 80yr old man (we are in our 50’s) with about 200k. We keep our savings diversified in Vanguard. Should we use the inherited money to pay off/down our house? Should we combine the accounts in one bank? + +We are not great at planning but we are good at saving. Who do we trust to help us figure this out? +Last Friday, I went to use my Chase Sapphire Reserve card and it was declined. I tried a different Chase card and it was also declined. Upon calling the number on the back of the Reserve card, I was told that Chase has decided to end their business relationship with me, that it's not a decision they make lightly, and that all of my cards and my checking account have been closed. If I hadn't called the number on the back of the card, I would have thought I was being scammed. The customer service agent wouldn't give me any details at all. In fact, they said they aren't privy to any details at all and just repeated a script over and over again (as did their supervisor and all other customer service reps I've spoken to since on the phone). + +The next morning, I went to my local branch and sat down with a personal banker. He looked over my account in detail. He was extremely sympathetic and tried to help, but he said he was blocked from seeing anything related to the closure and that it didn't come from the branch (it came from Chase corporate). He said that typically he can see that a decision has been made based on a drop in credit, churning cards, deposits and withdrawals of large sums for money laundering, other debt risks, or frequent overdrafting of accounts. None of this applies to me. My credit score is 823, I haven't opened or closed a credit card in years, I pay off all my cards and never hold a balance, and I'm not transferring in or out large sums of money. His personal guess was that I was erroneously flagged for money laundering or terrorism by their algorithm and somebody signed off on that nonsense. He told me a letter should be arriving in a few days and that it could possibly clear things up some. + +It arrived today. [It](https://imgur.com/Mg4WjV3) [did](https://imgur.com/fG7KMUz) [not](https://imgur.com/oR93sOn). + +This has been tremendously stressful. All my credit was with Chase - which I'm now realizing was a terrible decision - and I've saved up quite a bit of Ultimate Rewards points that I now have to scramble to do something with. I also have no idea if I've been somehow flagged as a terrorist or if my identity has been stolen. I'm also worried about the hit to my credit score. + +So far, I've transferred all of my cash to a new checking account, have researched what new credit card to apply for, and changed every single one of my randomly generated passwords just in case. + +Has anyone ever been able to get to the bottom of this if they were in the same situation? Were they able to clear their name, so to speak, and get their cards back open? Any suggestions of how to get Chase to tell me what the hell is going on? Any help would be very much appreciated. +Why would you choose physical gold over a gold etf? It looks like with physical gold there is a premium you pay to a dealer. Then once you have it and need to sell it, wouldn't you need to go to a dealer once again selling it heavily discounted? Is the physical gold in the off chance the economy crumbled? Sorry if this is a stupid question, I'm just curious before I make a purchase myself. + + +Edit: wow thank you for all the responses and for my first gold! +I'm in Atlanta. It's not what I would call a huge tourist destination to begin with. My assumption is that we have fewer units than say a beach town + +This is the second ad I've seen like this in the last two weeks. + +We are absolutely about to see a lot of units put on the market at the very least if not forclosed on. + + +Not sure how long the link will stay up :https://atlanta.craigslist.org/atl/zip/d/atlanta-free-airbnb-furniture/7108577887.html +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +There's really nothing more to say. I haven't been happy in my 1 year-relationship. My girlfriend probably moved in with me with the expectation that I'll **pay her $40k Nursing School debt THAT SHE NEVER EVEN GRADUATED FROM (and she never told me about this debt**)**.** She was working as a receptionist but quit when we moved in because of 'mental health issues'. + +Honestly I've taken her to a psychologist, cared for her, even took some leave just to spend time with her and help her recover. I give her alone time when she asks for it. And when I'm at home, I always do the chores and ask her if she's game to go eat something nice and spend more time together. + +One day, I pull up to our condo and my door is open. I see some other *fucking guy* leaving my house, and he looks like he's been on a million different drugs. + +Pissed, I ask her about it and she gets angry at me, asking me why I'm never home and why I always abuse her. She dodges the question over and over and says that it's just 'a friend' she opened the door to because no one was home to keep her company. This happens about 2 more times and one day, I confront the guy in the front door and turns out he's '**rented**'. + +First off. Where did she get the money? Has she been renting guys out with the little "salary" I'm giving her to spend while I'm working my ass off providing for both of us? I'm a freaking security guard earning $19 CAD/hr. Which is not bad but not sustainable for a relationship where one person pays for two. + +I was pissed to hell. + +There was something she didn't know about, though. I've been stashing away a little bit of money, starting with 5K CAD after finding about this reddit site. At that time, I was honestly depressed because I had a hard time paying for our condo and with debt. And perhaps that fueled me with all-inning that 5K with a PLTR options play (call) that expired Nov 27, 2020. Oct 30, 2020 when I bought multiple calls for PLTR it rockets all the way to **wakanda** and to **jupiter**. I'm now 1012% up. I cash out before Citron shorts it. **(DW I'll add that money to buying PLTR STOCKS**, less riskier than doing options). + +***How does this relate to my girlfriend?*** + +It relates. It relates because I'm going to leave her fucking ass. Actually, even if PLTR doesn't hit $40 I'm STILL going to leave her ass. I have to pay spousal support, because of our cohabitation agreement, but when I looked at the calculator online, it amounts to about $82 per month for **0.5** to **1 year**. I'll do it and then cut all ties. And that bitch'll have to handle her debt herself. I'll cut all ties and leave without a fuckin word. + +It's not like we are obligated to one another. I haven't committed to her through marriage. And this is my decision. + +So her, that 'rental' guy, Jim Cramer, and CITRON can go suck my hard, throbbing cock because PLTR is making 50k liters of blood gush into it every time it goes up. Goodbye and I'll see you Monday when that shit pumps to the moon and beyond. +Got dragged to my wife's 20th HS reunion. Luckily it was at a brewery. + +I knew a few of her friends but was kinda bored and nursing a sour beer. + +Wife runs up to me excitedly. Hey this is Sally (not real name) guess where she works? GameStop! + +My wife knows im balls deep in the stock and i guess talk about it enough that I would really want to talk to her. + +Sally lives near corporate hq in Texas and works in a senior position (Not going to dox her). + +I started off the conversation. "I have significant holdings in GameStop and follow the stock daily." + +She smiles and asked me if I'm on reddit. "Of course!" + +I asked her about the morale of the team. "Very high, everyone is very excited with the direction the company is going. I've worked there for a while and there is excitement and joy at work with what we are doing. Especially the NFT marketplace." + +I asked her about the recent layoffs. "Most of the people that were let go weren't engaged in the new direction we are taking." I took that to mean they were dinosaurs or legacy employees that couldn't adapt. + +I asked her, How do you feel about the future of GameStop? "Very very bullish. I have most of my net worth in the stock. Ryan Cohen has done an amazing job of turning the culture around. We have had a revolving door at CEO it seems but I like the direction things are going." + +I asked her about the buy button being turned off. "It was a big deal. We couldn't believe it." + +I then say. "I hope Citadel goes bankrupt." + +She retorts. "They aren't the only ones that deserve to." + +We made small talk for another 10 mins and she was curious about what I did. She told me stories about my wife in HS and appreciated how kind my wife was to her as she was kinda a quiet nerd. + +That last sentence has me really thinking. Who else was she talking about? + +Robinhood? + +Apex? + +DTCC? + +TLDR. + +Gamestop employees after layoffs are energized with new direction company is going in. + +Employees are putting their own money in stock and holding. + +Citadel isn't the only company that deserves to go bankrupt. + +Edit. + +Someone get me a trust me bro flair! + +Best part of this day is I've got many new sour beer recommendations I need to try. Didn't realize there were this many of us in the wild. + +SS is an amazing community. While our convo is based on my memory after drinking to deal with a reunion I didn't want to go too... It is as accurate as I can recount. + +Imagine you have been part of SS for over a year and your wife drags over a GME employee? Not only did my boredom vanish I was giddy with excitement. Sally felt like a vip and she should. My wife might have been a bit jealous... + +Should you be skeptical of posts that can't be verified. 100%. People are going to try to sow discord and create rifts between this community. We should be vigilant. Is me relaying to you the GME employees are excited as we are about this stock a danger to this community? No chance. + +My tits are jacked! + +Going to drs some more today. +Ok let me break down this for you as to how it has been for me. I hope all the newbies in forex read this. + +I started learning forex after a friend approached me to join his MLM scheme. I would never fall for this crap and being an international student in canada I didn't want to lose whatever money I had. I searched about forex and decided that this is something that could make me serious money. This was back in the summer of 2018. + +I watched YouTube videos and started studying all kinds of patterns and candles. Let me save you the trouble, you don't have to memorize them, just keep in mind that if you see a candle or pattern like that while trading there's a possibility that price might do the things that you read about regime learning. Remember it's just a possibility don't go selling on every rejection candle. + +I started with 200$ and scaled it to 500$ pretty soon. That is what I call beginner's luck. Do not ever fall for that. When you win a few trades don't up your lot sizes because you will lose and when you lose you'll lose big. + +At the start of 2020 I had a co-op job and I woke up at 3am every day just to trade the London session. By this time I learnt from my mistakes after I lost all of my gains and margin called my account. I was making consistent 10% gains on my 1000$ account. + +In April I decided to join a prop firm. For me FTMO seemed perfect since if I'm not able to make my target in a month but I don't break any rules I will get a free repeat. + +Now after 4 months of consistent trading I was really confident but I couldn't pass the 10k!! Although I didn't break any rules so I got a free repeat. After getting free repeats for over 4 months I finally passed in October. + +Now I've gotten a few payments from FTMO and I can say they are legit therefore I'm going for the 100k. + +What I'm saying is don't waste your money with prop firms if you're not trading consistently. If you are prop firms are the way to go. + +Yes and about today's big spike in GBP. In forex you have to be aware of news. Go to forex factory and go to the calendar tab. You'll see all the events happening throughout the week and it says what currency it should be affecting. If any folder has a red or orange color to it then expect such spikes and drops 2 mins before and 2 mins after that news event. Look at the forecast value before the news and when the news comes out you'll see the actual value. In forex factory you'll see if actual greater than or smaller than forecast is good for bad for the currency. + +Today's news event all data was exactly same as forecasted which was good for GBP. So the spike + +I'm not saying I'm an expert in forex and you guys should 100% listen to me but I think I've come a long way and if I had to tell my 18 year old self four years in the past this is what I'd say. +https://www.cnbc.com/2020/12/28/jpmorgan-is-acquiring-a-major-credit-card-rewards-business-in-a-bet-on-travel.html + +JPMorgan Chase has agreed to purchase one of the biggest third-party credit-card loyalty operators in a bet that pleasure travel will rebound sharply after the coronavirus pandemic subsides, CNBC has learned. + +“People across the globe want to vacation and travel again, and hopefully that will become a reality for many in the near future,” Lake said in a statement. “Acquiring the travel and rewards businesses of cxLoyalty will provide enhanced experiences to our millions of Chase customers once they are ready, comfortable and confident to travel.” + +Time to buy more jpm for 2021 recovery play. JPM have strong trading revenue and it will be rebound sharply next year. This is a good non-tech stock to own for long term. +Just see so many saps sending this kind of crap across promising they will made x amount over night etc you would have to be a dip shit with two brain cells to fall for this crap seriously seems like every other Instagram account is a forex day trader weekend millionaire. +Maybee I have just been lurking here too long, but everting is all kind of starting to look the same. Tesla + uranium + weed stocks + crypto. Over and over and over again. + +The point of me plugging into a community is to come across new ideas I had not considered before. So lets have em. What is the niche ideas that only you do? +As someone who works from home and should really leave the house more often, libraries have been my saving grace. Who can afford to go to a coffee shop each day? It’s like $3 a visit even trying to be cheap. + +Library Love: + +- The books and media are free. + +- The coffee is a dollar. + +- There’s AC and it’s quiet. + +- The WiFi is free, fast, and without a time limit. + +- The presentations/lectures are actually pretty high quality; one class felt like a $500 value. + +- No one cares what I’m doing, who I am, or why I’m there. + +- Some of my local ones are open until 8pm at night. + + +All I’ve got to say is I love my libraries and they’ve saved me a small fortune in cash and stir crazy mental health. Library Tour 2019!!! +The other day I got a statement in the mail at my home address from US Bank. I don't have any accounts at US Bank. I have never had any accounts at US Bank. The statement was a standard looking monthly statement for a US Bank checking account in my name. There were no transactions. It showed a balance of $0.00. + +I thought this might be a prelude to some type of fraud, perhaps transferring money from my real bank account. I tried to login to this US Bank account on their website. I went through the process to register a username for "my" account and they said they would text me a code to my number ending in XXXX (last four digits of a phone number I've never had). So, I couldn't do that. + +I called US Bank and told the customer service rep what was going on. She immediately forwarded me to the fraud department. + +The fraud guy looked up "my" account and told me that it was opened by their "back office" about three weeks ago. He seemed unconcerned. He said to wait a week and see if I get something in the mail explaining it. If not, call back and they can close it. + +Did this ever happen to anyone? I'm wondering what is going on. +I got a message from my bank a month ago saying something like, “investing in crypto is not safe and it’s dangerous”, I have stopped using that bank now. + +This is actually hilarious, because as I like to bet some money on sports (just a little bit for fun) and I’ve never received a message about the dangers of gambling. + +There has been so many cases of lives being ruined by gambling and if the bank want to advise us about something, they should advise us about not gambling instead of investing crypto.. + +In the end, I do understand their point. They are probably scared shaking about crypto’s threat to their banking system. +Hey, + +I’m 40 with no investments and want to start investing long-term. + +* My current life: +* Live in an EU country in Eastern Europe +* Single and childfree +* I own a flat +* No plans to get a family or relationship +* No car +* Stable savings +* Own freelance digital nomad business with a stable income +* 2 online passive side-projects in progress with low maintenance cost +* Not buying things +* Living a bohemian minimal lifestyle +* The only expenses are low cost own cooking food and other basic necessities like internet bills + +Should I look into global low-cost index funds at this point for long-term investing or any other options? +This subject pops up in threads every now and then, and I'm honestly curious to learn why DeGiro is so bad once you hit a certain threshold since I have my portfolio there. Something in their terms I completely glossed over? +The gift that keeps on giving: https://seekingalpha.com/news/3614289-doj-said-to-be-probing-nikola-on-fraud-claims + +- Another twist in the Nikola (NKLA -8.3%) saga arrives with the Financial Times reporting that the Department of Justice is looking at the company and at least some of the allegations made by Hindenburg Research earlier this week. + +- The latest development follows up on yesterday's disclosure that the SEC was also looking into the allegations against Nikola. +If your a dumb fuck like me and bought NVX because your a stupid FOMO retard what are your plans going forward? Cut your losses or pray big dick Elon sends us all to mars. Personally I only put $500 in because knew it was risky so I’m prepared to ride it right into the ground on the off chance we all get sent on a moon holiday +So, my friend has a tenant in a condo that has taken advantage of the moratorium. Initially when COVID began, my friend panicked like many and allowed a tenant to stay at a much cheaper price than she should through AirBnb. She had an agreement to leave in a month so someone else could come in who was going to school and would be there longer term. + +Well, she won't move and claims she has a disability and thus can't move because of COVID. We have no idea what this disability is. She has only been paying 25% of her rent so my friend has basically been paying for this woman to live there since the beginning of the pandemic. She won't do cash for keys. + +My friend now wants to sell the condo but this woman won't allow for physical viewings. She had a 60 day notice done by a lawyer but now that the new moratorium has been signed it looks like my friend is stuck with her until June. + +My friend doesn't want to do mortgage forbearance because she wants to buy a home eventually and worries about it showing up on her credit. + +Is there anything she can do to ease the stress of this situation? Any help or advice would be appreciated. We're stumped. + +&#x200B; + +Edit: Thank you so much for the advice. My friend is still not sure what she'll do but we are thankful. She is not a redditor which is why I posted this. +I've been buying up MU over the past week, it's multiples are low compared to the other big semiconductor/chip companies and the market as a whole is going to keep growing as demand from mobile/laptop/PC/EV/AI/Gaming markets grow. + + Quick summary as to why I think it's cheap: + +* P/E below 8.5 with Earnings growth projected at above 20% per year. +* P/S below 2.4 with Revenue growth projected at above 14% per year. +* Extremely healthy balance sheet: +* $63.7B total assets, including $21.5B in short term assets. +* Cash & equivalents of $9.1B. +* Low total debt of $7.6B ($7.4B long term) +* Their short term asset balance more than covers total liabilities of $15.85B. +* Cash balance alone could pay off all short-term liabilities of $6.9B + +Please share your thoughts and let me know if I am missing some info that explains the valuation. +As the title says, how probable are fraudulent transactions in India if you follow due diligence, like not sharing CVVs, OTPs, using it mostly for online purchases. + +Can you share experiences of yourself or someone you know who has been defrauded. This would give better awareness over the usage. + +Besides, I have specific questions for which I would be glad to see a response. + +1. There have been newer ATM machines with contactless withdrawal. In an event of loss of card, would the thief be able to withdraw the entire limit in batches of 5k? +2. Is it even possible to do online transactions without the OTP? +3. Is a card protection plan really useful? + +EDIT: Updated the description to add more questions. +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. +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Hello all, long time reader first time caller! + +I'll start by saying that I'm nowhere close to being able to fatFIRE but it has become a goal of mine as I've realized that work isn't as fulfilling as it used to be. I'm in my late 20s with high steady income, and the majority of my money (\~90%) is invested pretty aggressively in the market. I'll also note that I'm primarily using Fidelity. + +I'm currently trying to figure out how to park my emergency and sink funds. For obvious reasons I'd like to keep those very easily accessible and have no chance of losing them. Right now my emergency fund is an Amex HYSA. I also have some cash in my brokerage account that's in limbo while I do a large rebalance and wait for a good buying opportunity. That could be a week from now, or it could be a few months. All the while the buying power is just wasting away. + +With the Fed aggressively trying to counter inflation, interest rates at rock bottom, and everyone worried about a crash, the places that people traditionally put their cash equivalents into don't seem super desirable at the moment. + +For simplicity sake let's compare the current options against a theoretical 2% inflation rate for 2021: + +* HYSA: I currently have 0.50% APY on my savings account. I know there are slightly higher rates out there, but I don't feel like opening a bunch of random bank accounts to chase them. Either way, the Fed seems committed to maintaining dirt cheap interest rates so this doesn't seem like it'll increase much. +* CDs: Any kind of short-term ladder would only yield somewhere between 0.04% (1yr) and 0.30% (5yr). I don't want to lock this money up for a long time, so this doesn't seem like a desirable route until interest rates go back up. +* Bonds: U.S. Treasury bond yields are abysmal - you have to go up to 20yr to get above 2%. Corporate AAA are *negative* 0.39% for 3mo, and also don't really go all that high on the longer-term end. Junk bonds would be super risky in the event of a crash, so seems like a no-win scenario here either +* Money Market: Currently things like SPRXX and SPAXX range between 0.16% to 0.25%, and there's a risk they could go negative if we end up with inflation + +With all that being said, it feels like I'm just completely missing something. What is everyone else doing with any uninvested cash they currently have? Thank you for your time! + +Edit: Thank you all for the suggestions! Sounds like the general consensus is to use a margin loan against your brokerage account and stop worrying about having liquidity. ~~While I agree that it's not super necessary~~ I think it’s absolutely useful to have this kind of emergency fund. I just bought a house and it's good peace-of-mind for me and my fiancee to know that we have enough cash to pay the mortgage for a while if the stock market burns down. I think I'll probably ~~invest some of the extra cash~~ leave the rest in the HYSA for now ~~and look into setting up a margin loan against my brokerage at some point in the future~~ + +Edit2: This post, combined with people raving about the stock market going brrrrr on all the other finance-related subreddits, has convinced me we’re going to have a ‘08 style crash sometime this year and most people will be totally screwed. “Being able to access liquidity is more important than having it.” Y’all are begging to get margin called or have the bank ask for early pre-payment on your HELOC. If you have a bunch of leverage and zero liquidity to use as collateral, they’re not gonna care how many unrealized zeros are on your account. People who really have a massive amount of NW and lived through one of the major crashes wouldn’t care about socking 100K away somewhere +I just had my offer accepted on a home for 412k. My plan is to live in the home for 5 years. North DFW, young couple mid 20s with 300k joint gross income (190k net after maxing retirements & taxes). Which loan do you recommend I take? + +30 yr conventional 5% down (20.6k) at 3.0% interest with 3.291% apr ($99/mon pmi). + +15 yr conventional 5% down (20.6k) at 2.25% interest with 2.414% apr ($56/month pmi). + +Doing the math, if I elect to put 5% down then for a 30 yr loan I am paying an effective 4.78% interest on my first 61.8k and 3.0% interest on the remaining 329.6k loan. For 84 months I will be paying PMI until I reach 20% equity in which I will get the PMI withdrawn. + +For a 15 yr loan, I am paying an effective 3.34% interest on the first 61.8k then 2.25% interest on the remaining 329.6k loan. It will take me 32 months to hit 20% equity and remove my PMI. +Hello everyone reading this. Im a 21 year old guy from a small country of Croatia. Just started investing few months ago. I was hooked on dividends stocks from the start, you know "money making money" and stuff like that. But now I see a lot of people who invest in dividends with very low returns year over year. Also, I read a lot of people saying that if you are young you should invest in growth stocks, and maybe later in your life you can change to dividend paying stocks. Whats your opinion on that? + +Thinking about selling my dividend stocks tmrw and move to some of the growth ones. I was thinking AAPL AMZN MSFT BABA NVDA CRM DIS. Any of your recommendations to add? + +PS Im not native english speaker so if there's some mistakes in my post, sry about that. No hate please hehe :) +This sub is for advice on how to live thriftily when you're trapped in poverty. Great you made it out, but a lot of us are still trapped. I'm curious how many people posting wins were "in poverty" because of covid vs have been living in it for most of their life. I am gatekeeping, call me out, idc. Just because you had to use your credit card for a few months between high 5 figure salary jobs doesn't mean you were in poverty. +As the title states; + +My girlfriend was diagnosed with Leukemia last year and went through Chemotherapy at a number of large medical facilities. + +A year later, she's in full remission, which is wonderful and the best news possible. + +... BUT... + +She now owes money to a variety of Medical institutions including three area hospitals, a few doctors offices, medical testing labs, you name it, she has an account there. + + +She is currently unemployed (Because of the intensive treatment), and unable to work for at least the next year. + + +What compounds and complicates her situation further is that she is young and unskilled with no current future career path. This meaning that her chances of being able to even make payments at all are pretty slim to none. + + +What are her options? + + +Would filing for Bankruptcy be a fitting option at her age (early 20s)? + + +IF so, what does that process entail? +She does not own any property or anything of great value. +11 % returns in a debt instrument is enough to make a lot of people salivate . Including yours truly . + +But before I go on , the usual disclaimer. I am just talking about it , this is not any advice or endorsement . I am usually wrong , don’t believe me , ask the missus . Please do your own math your own voodoo your own advisor . + +We are seeing a new kind of product being sold to retail investor . Called a market linked debenture . I came across this today + +https://www.wintwealth.com/app/assets/Wint-Gold-Jun21-5/ + +Apparently taking a secured bond , adding dual recourse and linking it to an index at some godforsaken level transforms the ugly duckling that is taxed at the marginal rate to a beautiful swan taxed at LTCG . + +I will be taking a small bite into this innovation later, just thought I would leave it here for discussion . +I've taken a few econ classes and have learned about econ obliquely through studying other subjects and it sounds like he doesn't know what an externality is, though I'm not a degree holder in the subject so I'm trying to entertain the possibility I might be wrong. + +If this was true and negative externalities were super common, wouldn't this undermine the notion that markets are highly efficient? Not just in the strict economic sense of resources going to those who are most willing to pay for them, but in the "invisible hand" sense that a proliferation of exchange will inevitably bring all of our qualities of life up. If costs are externalized too much, wouldn't this threaten the gains of trade? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I just had a tenant forge my signature on a fake lease that gave them permission to sublease the house to a family member. Then they applied for rental assistance as the landlord and tenant and collected the assistance. While this happened the property manager did almost nothing and gave me the run around. Emergency rental assistance program accepted the fake leases. The leases were suspicious and phony looking with bad formatting and different font sizes etc. + +Looking for ideas on how to report this or what I should do. Thanks! + +UPDATES: + +[9/23/2021] + +- Contacted PM: They said the reason for not looking further into the assistance program was that normally they deal with the assistance program directly. This was the first time a tenant was taking the initiative to arrange the assistance without them. They didn't smell anything fishy. Told me I'm on my own now that the tenant moved out. They sent me the original application and all the tenant personal info. They charged me a $200 pre-lease fee on that property (currently no turn scope complete after 8 days). They do this because they have a lot of owner attrition at turns and want to recoup their initial turn costs (seems reasonable but is very telling). The PM will be talking the tenant to collections, they say. + +[9/24/2021] + +- Contacted lawyer, he recommended a few things for me to do first one of which was contact the legal team of the assistance program. +- Contacted police, they told me I have to show up in person to make the report, making plans for that, I'm a remote investor. +- Contacted head of the assistance program, turns out the tenant leased to a 3rd party I was not aware of. The are currently applying for more assistance under my address. The assistance money does come from the Federal Government but is distributed through various Duval County charities. Federal assistance money is not taxable so I wont get a 1099. Waiting more info from them. +Related post on reddit: [**Twitter Says It Can Beat Musk’s Claims in Four Trial Days**](https://www.reddit.com/r/investing/comments/vyt06k/twitter_says_it_can_beat_musks_claims_in_four/) + +(Financial Times) -- Elon Musk says he needs more time to prepare for courtroom showdown over his attempt to back out of $44bn deal + +Elon Musk has accused Twitter of an “unjustifiable request to rush” the trial to determine whether he should be forced to complete a $44bn deal to buy the social media company. + +Musk has suggested a trial start in February at the earliest, according to a court filing from his lawyers on Friday. That is several months later than the September timing being pushed for by Twitter in its lawsuit, which was filed in Delaware chancery court just days after Musk announced his intention to terminate the deal. + +Lawyers representing the Tesla chief executive on Friday said in the 16-page response to Twitter’s lawsuit that the question of spam accounts on the network — one of the primary reasons Musk has given for attempting to back out of the deal — was “fundamental” to the case and required lengthier investigation and “substantial time for discovery”. + +Musk’s lawyers described the proposed trial date, and the suggestion by Twitter it could be completed in four days, as being on a “breakneck schedule”. + +“Twitter’s sudden request for warp speed after two months of foot-dragging and obfuscation is its latest tactic to shroud the truth about spam accounts long enough to railroad defendants into closing,” the filing read. + +A hearing on the matter is due to be held on Tuesday. Twitter declined to comment. + +The social media company’s lawsuit accused Musk, the world’s richest man, of trying to back out of the deal on account of the rout in tech stocks that has hurt the value of Twitter and many of its peers. On July 8, when Musk announced his intention to back out of the deal worth $54.20 per share, the stock had fallen to $36.81. + +In a case that has captivated the corporate world, Musk’s defence rests on his ability to convince the court that the issue of bots — automated spam accounts — on the platform is far greater than previously disclosed, representing a “material adverse effect” that would give him the ability to back out of the deal. + +Musk has alleged Twitter had breached the merger agreement by not sharing sufficient information on fake accounts, a position reiterated in Friday’s filing, which again questioned the company’s long-stated estimate that bots made up less than 5 per cent of users. + +Following a meeting between Musk and Twitter’s chief executive Parag Agrawal, “Musk was stunned to discover that Twitter’s process for identifying spam accounts relied on human reviewers to eyeball a minuscule portion of the userbase rather than utilising the company’s machine learning capabilities”, the filing said. + +In its lawsuit, Twitter argued Musk had been well aware of the site’s issue with bots, pointing to tweets posted by Musk highlighting the matter prior to the deal. + +The social network also accused Musk of breaching the terms of the merger agreement that demanded he not disparage the company, by highlighting his tweets that appeared to be goading Twitter’s leadership. + +Addressing that claim, Musk’s filing accused Twitter of being unable to take a joke. + +“With the sense of humor of a bot, Twitter claims that Musk is damaging the company with tweets like a Chuck Norris meme and a poop emoji,” the filing stated. “Twitter ignores that Musk is its second-largest shareholder with a far greater economic stake than the entire Twitter board.” + +Via: [https://www.ft.com/content/50691d5a-f454-4d96-803a-ac31bdf22805](https://www.ft.com/content/50691d5a-f454-4d96-803a-ac31bdf22805) (non-paywall: [https://archive.ph/YCCmP](https://archive.ph/YCCmP)) +Most of you folks probably know this already, but this was a sad discovery for me this morning. I have a 10K dividend producing portfolio that’s 1/3-1/2 REITs, all in a taxable account 🤦 + +Might be great for income if I need it, but for compounding for the future that sucks! Time to reallocate… + +Edit: Thanks for the award! Happy to give something (however small) back to this community. +After 18th July 2022, you will have to spend a little more on a few goods and services because the GST rates have been revised! + +A two-day Goods and Services Tax (GST) council meeting was held at Chandigarh on the 28th and 29th of June. Later in the evening, the Finance Minister, Nirmala Sitharaman, addressed the press and summarised the outcomes of the 47th GST Council Meeting. + +**Things That Would Get Costlier After GST Rate Revision** + +1. **Bank Cheque Book**: A GST of 18% will be levied on the fee charged by banks to issue cheques.  +2. **Packaged Food**: All sorts of pre-packed food such as curd, lassi, paneer, honey, dried makhana, wheat, and meat (except frozen) were earlier exempted but now will attract a GST of 5%.  +3. **Hotel Rooms and Hospital Beds**: Hotel rooms under Rs 1,000 per day will attract a GST of 12%. Hospital beds exceeding Rs 5,000 per day will be taxed at 5% (excluding ICU). +4. **LED Lights, Lamps, Knives**: The next time you purchase an LED bulb, you will have to spend a little more because the tax on LED lights and lamps has been revised from 12% to 18%. Also, cutting blades, paper knives, and pencil sharpeners will be taxed 18%. +5. **Pumps and Machines**: Bicycle pumps, turbine pumps, and submersible pumps will now be taxed at 18%. Also, machines used for cleaning and sorting seeds will be taxed 18%. GST on solar water heaters will also be charged at 12%, which previously was 5%. + +**Things That Would Get Cheaper After GST Rate Revision** + +1. **Goods Carrier Rent**: Shipping items would now become cheaper because the GST council has slashed the tax on carrier vehicles from 18% to 12%, including fuel costs. +2. **Ropeway Rides**: You can now go to Jammu and Kashmir and enjoy a ropeway ride at a lower price as the tax on ropeway rides has also been slashed from 18% to 5%. +3. **Orthopaedic Appliances**: Ostomy and Orthopaedic appliances will now be taxed at 5%, which earlier was 12%. + +**GST Rate Revision as per 47th GST Council Meeting** + +**GST Increase:** + +|**Commodity**|**From**|**To**| +|:-|:-|:-| +|Package Food such as Curd, Lassi, etc.|0%|5%| +|LED Lights, Lamps, Fixtures, etc.|12%|18%| +|Knives, Blades, Pencils, Sharpeners, etc.|12%|18%| +|Prepared and Finished Leather|5%|12%| +|Machines for cleaning and sorting out pulses|5%|18%| + +**GST Reduced:** + +|**Commodity**|**From**|**To**| +|:-|:-|:-| +|Goods Carriers Rent|18%|12%| +|Ropeway Rides|18%|5%| +|Ostomy and Orthopedic Appliances|12%|5%| + +**What Lies Ahead?** + +The recommended GST changes will be applicable from 18th July 2022. The GST council has also postponed the decision to levy a 28% tax on casinos and online gaming. The council has asked the Group of Ministers (GoM) to submit their inputs from the states by 15th July 2022. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I just got off the phone with a Well's Fargo rep. After explaining to them what happened and asking for a refund on a fee, they offered me HALF of what they charged me. + +&#x200B; + +After I declined, they put me on hold and came back a few minutes later saying I got a full refund. + +&#x200B; + +So, if your asking a Well's Fargo for a refund they are expecting you to be stupid and spineless and accept the first offer. Don't! + +&#x200B; + +They are going to try to lowball you no matter who's in the wrong, don't go for it. +In the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 from the previous week's revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous week's level was revised up by 24,000 from 3,283,000 to 3,307,000. The 4-week moving average was 2,612,000, an increase of 1,607,750 from the previous week's revised average. The previous week's average was revised up by 6,000 from 998,250 to 1,004,250. + +See report [here](https://www.dol.gov/ui/data.pdf). +1. why? because I don't care about the life changing money anymore. I care about making the financial sector transparent. +2. sometimes there needs to be martyrs in war. +3. I do not care if Computershare has a $1 Million Selling Cap per day/order. not sure which it is or if it’ll matter. +4. it's time to add pressure. +5. I will continue buying shares through Fidelity, for the sole purpose of transferring them to Computershare. I like the idea of making brokers pay whatever it takes to find MY fuckin shares for MY transfer of MY assets. (maybe a transparent market would resolve what I am taking advantage of) +6. everything in my Computershare account currently is a martyr and will continue to be unless they remove the selling cap. even if they don't I will sacrifice my tendies... for yours. + +&#x200B; + +may God & Ryan Cohen, bless your tendies and bring transparency to the markets. + +&#x200B; + +*it was a fucking nightmare transferring my shares today to Computershare. I went back and forth between multiple agents because NO ONE wants to initiate the transfer and be left buying shares through dark pools!... we are close, and I am pushing us further. "power is not given, it is taken."* + + +&#x200B; + +edit: removed the melodramatics + +*signing off for a few days from posting, will come back to give back all the awards. in case i don’t see ya; good afternoon, good evening, and goodnight - truman ape* +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'm looking for ways you *added* to your spending that increased your happiness the most. Especially ways where you kicked yourself and thought "I wish I started doing this earlier." + +I'm hoping for general answers that ignore my specific circumstances, but mine are as follows: income has recently increased from ~$200k to ~$400k and rising, but my spending is still around $40k in a MCOL area for an unmarried person in their early 30s. I know I can increase my lifetime happiness by adding to my spending without dramatically changing my saving rate, and I want to do that in the best way possible. +Hi all— I'm a tech reporter at Protocol, and I'm writing a story this week about people who work in tech and/or software engineering who got into algorithmic trading during the pandemic. + +I'd love to talk with anyone and everyone who might be willing to share a bit about how they got into it, whether you started creating your own algorithm or took up an old side-project or you're just trying to learn. Just reply to this post or shoot me an email at [akramer@protocol.com](mailto:akramer@protocol.com). Thank you all so much! +Looking online the figures for average pension pot seems to range from £20k to £70k. + +I got this from a financial planning website. I am trying to save as much as possible into my pension but still get anxious as I am in my early 40s but working out the numbers I don't know how I would retire and I also don't know if anyone would want to hire me at in 10 years. +What are peoples plans to fund retirement? Buy to let income??? + + +A 35-44 year old with a pension size over £95,100 would put them in the top quartile of households for their age group + +To remain in the top quartile of the next age bracket would require more than doubling the pension size to over £237,400. This age group looks to be the main point where pension saving increases in preparation for retirement. +Do many economists think America would benefit from a single player, universal health care system, or do they think the current system is doing fine? Are their opinions mostly split? Do economists even study this kind of thing? +TLDR: Did two pointless combat deployments for a government that couldn't care less about preserving a fair and transparent market. + +I joined the MO Army National Guard in 05' at 17 years old as 12B (combat engineer), deployed to Iraq in 07, came home and blew through that money and racked up debt, so I decided to volunteer for a second deployment and went to Afghanistan in 09. + +My Iraq mission was to safe guard a town of ~4000 Iranian refugees known as the People's Mujahideen of Iran located in Ashraf City., Iraq, while other coalition forces worked on disarming them. They did a lot of work for Sadam and were well equipped. Just a few years after that deployment the US turned over control of that mission to to Iraqi Army. The literal next day most of them were killed or driven back in to Iran where they were likely killed. +[Ashraf City Massacre](https://en.m.wikipedia.org/wiki/2013_Camp_Ashraf_massacre) + +My Afghanistan deployment was in Jalalabad at FOB Finley Shields and our mission was to provide security for an agriculture team that taught Afghans how to farm other crops beside poppy. We built solar wells, cold storage facilities, slaughter houses, orchards, and more. Since Taliban has resumed control I have no doubt that they're using the infrastructure we provided them to grow poppy. They were trying to steal the solar panels from the wells while we were still there. + +In total 28 months of pointless deployment time and Gary can't even do his job. What an absolute slap in the face. No cell no sell. + +Edit: I appreciate all the kind words and hearing from all of the other veterans. I'm honored to be holding with all of you. +This is an embarrassing situation I got myself into. I want to share for anyone considering a payday loan. + + +My first payday load was $700. When my checks would come in I had other bills I needed to pay first and just paid interest. I paid this loan off finally after 14 weeks. Total of $980 in interest. + +After that loan was paid I needed some more cash for bills a few months later. $1,000 payday loan. Again, when my checks came in, other bills had to be paid. Took 20 weeks to pay it off. $2,050 paid in interest. + +Total of $3,030 paid in interest for a $1,700 dollar loan. + + +Just don’t do it. I would have been better off paying every single bill late and just paying a late fee. I felt desperate at the time but getting those loans did not help. I have a lot of shame around money and took these loans so I wouldn’t have to call those I owed and tell them I had to pay late. + + $3,030 down the drain to save myself from a few moments of embarrassment. +I'm 22 & made $85k my first year with a full time job. I have 0 expenses but would like to start building my life next year. Have a good amount of money saved up. Should I max out my Roth IRA before Dec 31st? Or what else should I do before the year ends? I'm a W-2 +Update: Thanks everyone so much for your advice! I've listed 2 of our bedrooms for rent today so fingers crossed that house hacking will help us get a down payment. I've learned so much for this thread and I hope others will also. + +Hey everyone! My husband and I are wanting to purchase a rental property next year but we can't borrow to get another mortgage and hard money lenders say we need to have $50k cash. What's your advice? Should we both get part time jobs and save? I feel like there's a better way or a borrowing method we don't know about. FYI we both already have 8-5 M-F jobs and we already own a primary residence. +https://link.medium.com/eA2qqGmqWfb - quote above from this article. + +Given where we are with global and tech equities, I can't see how we are not in some form of bubble but it's interesting view that "everyone is waiting for a correction" to buy statement and that the view is that stimulus / prop-ups are here to stay for a while yet. +https://link.medium.com/eA2qqGmqWfb - quote above from this article. + +Given where we are with global and tech equities, I can't see how we are not in some form of bubble but it's interesting view that "everyone is waiting for a correction" to buy statement and that the view is that stimulus / prop-ups are here to stay for a while yet. +Hi. + +Some of you know me, some of you don't. If you DO, I ask that you not shill for me in the comments below, so we can stay within the rules of this sub. + +This post is for the newbies, it is written as such, if you already know what delta hedging is, this post isn't for you. If you *don't*, well, lads and lasses, this is for you. + +We need to understand a few basic things here, and in keeping with the spirit of this post, we're going to keep it dead simple. + +Market Makers (the big dogs behind the scenes, facilitating your yolos) DO NOT CARE if your options plays pay out for you. They would be crazy to take on the level of risk that selling you an unhedged call or put would represent. These guys make money in other ways. So how can they not care? Simple, they hedge. Generally speaking, they buy enough shares when you buy a call so that even if you win hugely, they simply sell the shares they bought when you bought the call, and remain risk neutral. (Edit, I've been asked to explain that market makers make money by recouping the difference between the bid/ask spread. While this seems small, they do a LOT of it.) + +Why does this matter? + +Well, it matters because it introduces *leverage*. Which simply means it amplifies the effect your money has on the stock market. + +As an example of how this works lets makes up a company. We'll call the ticker ABC. And we'll say the share price is 10 bucks. You, as a degenerate yolo artiste, only have 100 bucks to play with, and you think ABC is going to the mewn. + +Now, you could do the boomer thing and just buy 10 shares of ABC (we'll call this scenario A), but a lifetime of minimum wage and renting a closet for 5k a month has done strange things to your risk management, so you decide to buy calls instead. You go to whatever broker isn't fucking robinhood and take a look at your options - and there you see it. For that SAME 100 bucks you can buy ten calls and leverage a hell of a lot more shares. (We'll call this scenario B) So you do it, you buy the calls. + +How does your choice effect the underlying stock? + +In scenario A, you bought ten shares, you increased demand for the stock by 10 shares, and this does almost but not exactly nothing to the price. + +In scenario B, you bought 10 calls, you made Mr. MM buy a lot of shares to hedge your bet, and you increased the demand for the stock by a much larger number of shares. (This is an over simplification, but that's what we do here) Which does *something* to the share price. Even if it's pretty small. +(Edit, as I said, this was an over simplification but I've been asked to address it. Market makers use a number of metrics to determine how many shares they need to hedge your bet. It is a lot, but it is almost never 100 times your call options) + +Now, if you're part of the "We like ABC stock" gang, and 20 thousand of you buy 10 calls... Well, I forgot my calculator, but suffice to say you've just invited market makers to buy a FUCK TON of shares. Just this, without any actual change in earnings, outlook, of fundamentals on ABC, puts tremendous bullish pressure on the stock *for the term of the option* + +And THAT my friends, is the market we find ourselves in. Talking heads on the news continue to talk about how "CraZy thE p/E raTiOs haVe bEcomE!!!" Without mentioning what is actually driving this phenomenon. + +Its options. Specifically since March. + +So with that I'll tell you something pretty goddamn spectacular. The stock market has become a *derivative* of the options market. Earnings don't matter, fundamentals don't matter, past performance doesn't matter. The OPTIONS matter. + +This has happened before, in a very different way. You know how there was a lot of noise in 08 about all the housing derivatives? We're there again, except for instead of CDOs it's happening with with the shares of the biggest companies in the world. + +Want proof? Go look at 10 day spy chart, right now. Then go look at a GME chart. Look what happens to spy, tick for tick, as GME rises and falls. When the entire options meme market is focused on one ticker. + +So what do we do about it? Nobody knows. I do know this, GME was only the *beginning*. Retail knows it has the bull by the tail now. What happens when the stock market becomes a lagging indicator of the sentiment of retail bull chads? + +I don't know, but it's going to be *spectacular*. + +Edit, much of the thinking around this post comes from months of conversation with a friend of mine. She's pointed out since I posted this that she has written this up in a way 10 of us will understand in her latest blog post - which can be found here: https://nope-its-lily.medium.com/options-degenerate-marketplaces-part-1-b0ddf1c96fa6 +Im planning my first bigger house that will also have a poolhouse with gym, onsen and sauna and I know I will absolutely love this. Looking for more ideas of what to add. +Hello, fellow apes. This is my second posting regarding FTDs, but as I mentioned in my first post, I built a tool to analyze the SEC FTD reports which I've update today. It's [open-source on Github](https://github.com/failedtodeliver/failedtodeliver.com), why don't some of you wrinklier brained apes get in and help make it better. I'd like to correlate options data but I don't have the money to spend on it (\~$1k). All my extra money goes you know where + +Here's the data crunched down - + +[https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU,GME](https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU,GME) + +THIS IS FUCKING HUGE!!! We haven't seen numbers like this since December 2020. What does this change? Nothing, just some validation for you sweaty paper hands who are thinking about making the biggest mistake of their lives. Things are boiling up to a massive event. Could they delay it somehow or indefinitely? Probably, but when December had numbers like this, they were early indicators of the January events. + +&#x200B; + +**TLDR;** About $1B in value failed to deliver on May 14th between GME and associated ETFs. The last time this happened was December 2020. Remember what happened in January? + +&#x200B; + +Not financial advice, but buy and hold my fellow apes. Alpha Centauri will be beautiful. +I worked HARD all of the past year, paid off all of my debt and met my savings goal. + +I should be over the moon in happiness but instead I just feel completely numb empty. + +What is wrong with me? +Title gives the tl;dr, but essentially I'm in a position whereby in the next 12 months, I'll have a NW of $6M+ (excluding primary residence). + + +I'm currently only 25, I'll skip the detailed story (unless you guys actually want to hear it), but essentially although growing up with very little, I launched several successful businesses between the age of 17-25 and have built up a solid chunk of change through this. My latest business is flourishing even more than the predecessors, and I currently am on track to do $2M+ net this year. Me and my partner live a reasonably luxurious lifestyle, but nothing too extravagant (maybe $180k/yr spend). + + +Here's the kicker though, the business takes everything out of me. I work 12-14 hour days, 7 days per week, maybe with 1 weeks vacation per year if I'm lucky. I keep telling myself that this is okay because of the income it brings along with being at an age whereby my body is able to "do it", nonetheless, the burnout is real and I can feel it. At the same time, it seems stupid to not just keep working for another 2-3 years and then have $10M+ NW? + + +My business is sadly not something that I can really simply offload to staff members and although they certainly help - without me putting in serious daily work, the business will cease to thrive and start to decline. It's also not really sellable unless I was to go with it, likely with a 2-3 year earnout clause or similar. + + +My main questions are really: + + +1. To anybody who fatfired in your mid 20's (or younger), did you get bored? I'm pretty sure I can fill my time and be happy for the next several years, but it's hard to even imagine doing that for 3X longer than I've even been on this planet already. Where does your fulfilment come from? a 75 year "retirement" seems like a crazy idea. +2. Do you wish you waited until a higher age? +3. Most people here seem to be under the impression of vanguard funds and chill as the overall strategy. Would you still recommend this for somebody of my age, or should I go more aggressive (in theory I have the time to "weather the storms")? +These aren’t the kind of billionaires that enjoy the spotlight, I.E your musks, bezos, zuccfucc etc. who use their popularity to further enhance their careers and promote their businesses. + +Who the fuck knew the name of a single hedge fund manager before all this bull crap started? I sure as hell didn’t, and that’s just what they want, cause why the fuck would they want you to know who they are. Think about it, what business are they trying to promote here when all they do is commit crime. That’s why they want their name swept under the rug, so that they can continue fucking over the entire world in peace without any repercussion. + +Now, look what’s happening on Twitter, Kenny is getting exposed by Chelsea fans for beating his wife, gabe for being the WORST investor of this generation and now we have tweets from Elon and papa Cohen going viral exposing the FUCK out of short sellers to every day people. + +Make sure to never forget to try your best to constantly expose these criminals, and keep them under heavy surveillance by the people, the government HAS to follow suit eventually the useless fucks. +I am a longtime lurker who mainly uses this sub for motivation from everyone on here so that I can keep grinding and to achieve my own goal of fatfire one day. My goal is $5m by 55 and to retire in NC or somewhere similar cost of living wise where I can get both the beach and mountains (just need a boat and a house with a view:) ). For me personally, I currently have a good job out of university (just happy to be employed at this point given current market) but I know that I’ll have to switch things up a bit in order to achieve my goals. + +I see some of the posts on here which really motivates me to earn more, I think it’s a lot of tech folk who are making a huge amount of money in HCOL areas and at a pretty young age like $400k at 26, because I am nowhere near these levels. I originally had the goal of $1m by 30 but I would need to greatly increase my current income to reach that goal, so maybe 35 is more realistic but a lot can happen in just a few years. As someone on the wealth building journey, I would love to hear stories about those who have fatfired and what their wealth timeline looked like from nothing to something? + +For me right now here are my details/numbers: +Age: 24 +Graduated from College in 2018 Net Worth (NW): $0 +Business Analyst in NC for large Investment Bank NW after 1 year $36k +Current NW: $85k at 24 after 2 years + +Current positions: +Cash: $25k +Investment Accounts (401k/Roth): $60k +Income: $65k (could be promoted soon which would bring me around $75k at 25) +Bonus: ~ $10k to $12k +Saving: 25% of income +Debt: None other than revolving credit card debt to boost credit score around ~$300/month (paid automatically each month) + +I think that given my current path I can’t get to my first goal of $1m at 30 but maybe there are some others here who started off in similar boats where things started to really take off for them? Maybe it was a new job, got tired of the 9-5 and built their own business, or maybe they had to go to grad school to learn a new skill set? I’ve been thinking of an mba myself but that $200k sticker is no joke. + +Thanks for taking the time to read and any of the advice/stories you have to share! + +- sorry if formatting looks weird, posted from phone. +Full disclosure: compared to most on this subreddit, I guess I'm looking more at chubbyFIRE than fatFIRE. Based on my current savings rate, I'll have $200-250K post tax income in retirement. + +We bought our current home for $360K. Based on some rough math, I figure that with our post retirement income we could buy a house worth double that and still be very comfortable. But we'd either be taking a decent chunk out of savings, or signing up for a mortgage again. I feel like the mortgage won't really matter though since we'll still have more than enough money leftover to do anything we want to do. I just can't shake the feeling that we shouldn't spend that much on a house, no matter how much I think it would be nice. + +So when you do finally retire, do you plan on upgrading to a fancy house? + +Edit: For clarity, fancy does not mean large. It just means high quality with features not found in cheaper homes. +A few hours of work, a few hours stuffing around on YouTube, going out shopping, playing some video games. Then back to work. Might do a long 4-5 hour session. Intermittently going back and forth. + +I find that's the only way I can do long, tedious tasks. Sometimes I'll get really focused and will be able to do 6-8 hour stretches. Other days, I'm lazy and will generally only do 2-3 hours of hard work, interspersed by hobbies and other things at home. + +This idea that you have to work 7.5 hours super hard every day is silly. My mind doesn't work that way. I probably end up working more than 7.5 hours but it's just structured differently because I like to take breaks. + +Could never really go back to working in retail or hospitality. Full-time WFH is the future for me... as long as you have a boss that doesn't micromanage it's an absolute dream. +&#x200B; + +Hello, my fellow investors, i spend several hours writing this post in order to gather all information and sources together, but i think is worth it, and i will do it with the last post that [DFV](https://www.reddit.com/user/DeepFuckingValue/) leave in [twitter](https://twitter.com/TheRoaringKitty/status/1359536195689197570/photo/1). + +&#x200B; + +https://preview.redd.it/rgbra6uq7nh61.jpg?width=640&format=pjpg&auto=webp&s=c0d9e79688c15ed9b2d27b23f31fea47d71884aa + +First thought you might have think after seeing this image is because he was being [investigated by corrupt authorities](https://www.businessinsider.com/gamestop-reddit-trader-keith-gill-roaring-kitty-investigation-regulators-advisor-2021-2) for the GameStop case that in fact true, but there is something more.. + +&#x200B; + +This is the original thumbnail of a youtube video called [You Can Get More than 5 Stars in GTA 5! (Sixth Star)](https://www.youtube.com/watch?v=VleqVNMTj04&t=569s) + +&#x200B; + +https://preview.redd.it/em7lks3j8nh61.jpg?width=640&format=pjpg&auto=webp&s=19c26afd88241ba7e8e05d6ef43422e24ad7ba65 + +First is you can clearly see the car standing while there’s a lot of army forces is in front of him, which you can understand this as ***HOLD THE LINE.*** + +&#x200B; + +https://preview.redd.it/z20l9wyo8nh61.png?width=1366&format=png&auto=webp&s=60b186bcbe82f6781e376ea7cdf769e70a35e114 + +In the minute, **9:28** of the video (Almost the time where the NYSE Open), you can read a billboard "*Invest in the red, it's in your interest*", clear message that we're all referring as **buy the dip**. + +&#x200B; + +In Game, the billboard refers to buying [Maze Bank](https://gta.fandom.com/wiki/Maze_Bank) stocks, which you can do in game. + +&#x200B; + +Digging even further if you use [Abstract Logic](https://www.youtube.com/watch?app=desktop&v=b4xQEXDBATw) you can realize that the logo of the maze bank is related to the logo of [Enron](https://en.wikipedia.org/wiki/Enron) which also is in the lore of the game too. + +https://preview.redd.it/y37fw77o8nh61.png?width=1280&format=png&auto=webp&s=6349f93f42fc23cb7e7be739346086157d346217 + +The **Enron scandal** was an [accounting scandal](https://en.wikipedia.org/wiki/Accounting_scandal) involving [Enron Corporation](https://en.wikipedia.org/wiki/Enron), an American energy company based in [Houston](https://en.wikipedia.org/wiki/Houston,_Texas), [Texas](https://en.wikipedia.org/wiki/Texas). Upon being publicized in October 2001, the company declared [bankruptcy](https://en.wikipedia.org/wiki/Bankruptcy) and its accounting firm, [Arthur Andersen](https://en.wikipedia.org/wiki/Arthur_Andersen) – then one of the [five largest](https://en.wikipedia.org/wiki/Big_Four_auditors) [audit](https://en.wikipedia.org/wiki/Audit) and accountancy partnerships in the world – was effectively dissolved. In addition to being the largest bankruptcy reorganization in U.S. history at that time, Enron was cited as the biggest audit failure. + +&#x200B; + +**Resume:** [DFV](https://www.youtube.com/c/RoaringKitty) [twitter](https://twitter.com/TheRoaringKitty/status/1359536195689197570/photo/1) post say, buy in the red and hold, this might be one of the biggest frauds in history, cause we know there's high probability that the SEC ([stocks pushed by HF bots](https://www.barrons.com/articles/the-sec-finally-says-enough-to-one-social-media-fueled-trade-51613135287) later promoted on WSB to make us lose $ and tell we're “manipulating” those stocks) and some brokers might involved in this. + +When brokers as Robinhood and others shut down trades in the retail side, the price drop from 450+ to $50 (where is right now), **with no volume.** + +&#x200B; + +https://preview.redd.it/t056wc819nh61.png?width=606&format=png&auto=webp&s=8e5f3cbd51ac523ac46a0e08dc5223d497992495 + +Not only that, the volume has been dropping over the week that means all our diamond hands are holding. + +Which mean they’re doubling the bet manipulating the market to scare retail investors ( well...paper hands) to sell, that's something they always do to profit from shorting and bring those business down, and, in the process, some even go bankrupt, but isn’t working for them this time, cause we’re not selling, we know what they are doing. + +Let’s remember all their market manipulation strategies: [short laddering](https://marketrealist.com/p/short-ladder-attacks-explained/), [naked shorting](https://en.wikipedia.org/wiki/Naked_short_selling), [long calls](https://www.theoptionsguide.com/long-call.aspx) so synthetic cover, [media manipulation](https://www.cnbc.com/2021/02/01/silver-is-the-new-target-for-reddit-traders-three-experts-weigh-in.html), [front-running](https://www.investopedia.com/terms/f/frontrunning.asp), [shut down](https://www.fool.com/the-ascent/buying-stocks/articles/robinhood-was-flooded-with-negative-reviews-and-google-deleted-them/) ONLY retail side, [pay bots and paper hands](https://www.reddit.com/r/GME/comments/lj3fqd/we_are_looking_to_pay_people_to_post_negative/) to spy and [insult us](https://www.reddit.com/r/Wallstreetbetsnew/comments/lisjk1/amc_i_think_we_might_be_doing_something_right/) and send negative sentiment all this is [market manipulation](https://www.investor.gov/introduction-investing/investing-basics/glossary/market-manipulation), **all this is illegal**, where is the SEC there ? (*insert blind Patrick meme*) + +[ ](https://preview.redd.it/9chzgtyl9nh61.png?width=606&format=png&auto=webp&s=4fc123955ad4f770c8d3a27168ecd7916a898216) + +https://preview.redd.it/85sgi5lf6sh61.png?width=640&format=png&auto=webp&s=4aa0aa50515a70e3f44025cd5fb62ac70a7980bc + +[That username is often seen used in most of the new accounts sended to treat us like that](https://preview.redd.it/3oo9sxto9nh61.jpg?width=960&format=pjpg&auto=webp&s=13ddfdb023f897814067b53706a428039d43b493) + +The [SEC instead investigate](https://finance.yahoo.com/news/sec-hunts-fraud-social-media-192424385.html) WSB forum for [market manipulation](https://www.youtube.com/watch?v=jIfixbq_u0Q&t=14s) when they clearly know who is really manipulating the market, they use the [fake media](https://www.reddit.com/r/Wallstreetbetsnew/comments/lfyyty/informative_broadcasting/), and using practices as short ladders and [naked short](https://www.reddit.com/r/wallstreetbets/comments/lglrg5/naked_shorting_in_gme_and_how_the_pieces_suddenly/) and push stocks as silver, uranium, weed to blame the volatility on us. + +&#x200B; + +https://preview.redd.it/xh54d4zjanh61.png?width=1280&format=png&auto=webp&s=cab665b4fa1bffafcb8e018ac4b15f3ccb0caa83 + +For all the global crisis, for all the families who lose somebody who get desesperated and $rope after he lose all in 2008 (nobody went to prison for that), for all the business they make go bankrupt, for all the money HF have been stealing from retail investors through [illegal tactics](https://www.investopedia.com/terms/f/frontrunning.asp) as the ones we see all this weeks and for years, this is our moment to make them pay for all the did. + +I know when this start to show the real value a lot of us are going to want to sell to recover the initial invest, but remember there's fellow who put their live savings at $400+ don't make them fall, we are here against corruption and [market manipulation](https://www.reddit.com/r/WallStreetbetsELITE/comments/li50zh/wsb_has_been_infiltrated_by_hedge_funds/). + +&#x200B; + +I’m willing to lose all if this stop those greedy people to keep [stealing from us](https://www.investopedia.com/terms/f/frontrunning.asp), keep throwing business and then flex on us with new mansions, new supercars, new private jets, new yachts, this is a legal (*illegal if you know what they are doing*) daylight robbery. + +&#x200B; + +We’re not alone, there is massive hedge funds like BlackRock, [Vanguard](https://twitter.com/Vanguard_Group/status/1360227178185691137), in our side, do you think they buy [AMC](https://money.cnn.com/quote/shareholders/shareholders.html?symb=AMC&subView=institutional) and [GME](https://money.cnn.com/quote/shareholders/shareholders.html?symb=GME&subView=institutional) stocks to lose money?, they probably know something that we don't + +&#x200B; + +**Legal Fightback Strategy:** + +\- **HOLD THE LINE.** + +\- Try to [contact all the authorities](https://www.reddit.com/r/Wallstreetbetsnew/comments/ljfiyy/letter_to_congress/) you can, congress, [FBI](https://www.fbi.gov/), we need to make pressure to investigate all this market manipulation and corruption case (Citadel, Melvin, Robinhood, SEC, etc.), the responsible need to go to jail for this. + +\- If you lose money in Robinhood when they shut down trades (*we all lose money in that let’s be real and together billions*), or don't receive support to transfer your money in order to ditch it, cancel your account with all your money in it for no reason, etc, put a lawsuit or join the class lawsuit and expose all the case to your local authorities, those dogs are laughing at us in [twitter](https://twitter.com/RobinhoodApp/status/1358611669446914050) trying to look like the good ones, we need those fake brokers to go down, they sell our orderflow to the corrupt HF, so they do [front-running](https://www.investopedia.com/terms/f/frontrunning.asp) and steal from us, no more robbery. + +\- Don't waste your time sending reports to the SEC about this case, these corrupt dogs are in HF side too, if not, they would have already done something against all the market manipulation they did. + +\- No sell GME neither AMC [until we get what we deserve,](https://www.reddit.com/r/GME/comments/lkal7q/warning_there_are_several_people_trying_to/) at the end, is the money they have been stealing from us, not lower after they conducted a daylight robbery for years. + +\- Finance laws need to be updated to the new era in order to avoid corrupt HF like these ones keep destroying business and keeps stealing from us. + +\- Downvote all bots and infiltrates HF posting negativity to hide them and report it to the mods to be permanently banned. + +\- If somehow, they get to seduce mods in WSB legit left subs ([WSBN](https://www.reddit.com/r/Wallstreetbetsnew/), [WSBE](https://www.reddit.com/r/WallStreetbetsELITE/), [GME,](https://www.reddit.com/r/GME/) ) and post start being weird and cringe like WSB right now, we will create another sub and if necessary, or our own web page so don't worry. + +\- Leave [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets) so you don't get brainwashed by corrupt mods and HF stocks.(if you buy those stocks they see you as stupid, they just push and dump to keep taking your money) + +\- We need **ALL** WSB mods **REMOVED** those corrupted disgusting dogs they sell us like product for money to the corrupted HF, we need our main sub back and new algorithms to block bots. + +\- Keep doing and posting when you do charity with your tendies in name of WSB, to let the world know we are here making the difference so they will see the fake media. + +\- In the Congress hearing let's try to get a lot of attention thought all social media so the people will see the reality, they have been brainwashed all this weeks by fake media. + +\- No more High-Frequency Trading, in most cases is just a sophisticated way to call [front-running](https://www.investopedia.com/terms/f/frontrunning.asp). + +\- We need a new public institution in charge of regulating the market, to much power in the economic market is what allow them to do this massive robbery for years. + +\- If somebody can [send this](https://www.reddit.com/r/Wallstreetbetsnew/comments/lifb1g/psa_writing_to_your_congressmanwoman_works_aoc_is/) to our queen [AOC](https://twitter.com/aoc) or someone involved in the finances let's proposal that all stocks need to be in [blockchain](https://forum.cardano.org/t/cardano-foundation-ceo-says-blockchain-could-prevent-gme-type-showdowns/46924) or something, in order to verify shares and stop this illegal market manipulation, is a no sense that there’s more than 100% shorted or in holding, if we buy a stock is ours, 👉 [nobody can borrow and short what is not theirs](https://twitter.com/elonmusk/status/1354890601649610753) . 👈 + +&#x200B; + +**Final:** + +Upvote to make all our fellow [see this information](https://www.youtube.com/watch?v=jIfixbq_u0Q&t=16s) and try to repost it in all others subs, in case of [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets) use an account you're willing to be [banned](https://www.reddit.com/r/Wallstreetbetsnew/comments/lgu5g8/psa_wsb_is_a_medium_for_hf_to_spread/) cause we know [mods from WSB](https://www.reddit.com/r/WallStreetbetsELITE/comments/lidkeg/wsb_mods_trying_to_censor_positive_amc_posts_i/) sold us all and their [dignity to HF](https://i.imgur.com/KPGUMBA.jpg) for a few dollars. + +&#x200B; + +**All this is information is public so i encourage you to check the links to contrast all data by yourself.** + +&#x200B; + +**Not financial advice, i'm just an investor writing real facts.** + +&#x200B; + +**PD:** + +*If a corrupt HF intern, hired spy, SEC, or paid paper hands is looking this*, **fuck you**. + +*You are being paid by the target of a federal investigation into market manipulation.* + +*You’re an active co-conspirator in a potentially criminal enterprise.* + +&#x200B; + +&#x200B; + +*“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.”* + +&#x200B; + +&#x200B; + +**Edit 1: Thank for the adwards, wasn't neccesary, love you all <3.** +Update part 1.2: [https://www.reddit.com/r/Superstonk/comments/o28xhx/whats\_the\_deal\_with\_reverse\_repos\_anyway\_dd\_part/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o28xhx/whats_the_deal_with_reverse_repos_anyway_dd_part/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) —————————- + +# Let’s talk about the Fed + +The Federal Reserve’s (the Fed’s) responsibilities as the nation’s central bank fall into four main categories: **monetary policy, provision of emergency liquidity through the lender of last resort function, supervision of certain types of banks and other financial firms for safety and soundness, and provision of payment system services to financial firms and the government**. + +Congress has delegated responsibility for **monetary policy** to the Fed. Monetary policy can be used to stabilize business cycle fluctuations (alternating periods of economic expansions and recessions) in the short run, while it mainly affects inflation in the long run. **Monetary policy** refers to the actions the Fed undertakes to influence the availability and cost of money and credit to promote the goals mandated by Congress, a stable price level and maximum sustainable employment\*\*.\*\* The Fed targets the **federal funds rate** to carry out monetary policy. The **federal funds rate** is determined in the private market for overnight reserves of depository institutions (called the federal funds market). At the end of a given period, usually a day, depository institutions must calculate how many dollars of reserves they want or need to hold against their reservable liabilities (deposits). + +The Fed’s conventional tool for monetary policy is to target the federal funds rate—the overnight, interbank lending rate. Some institutions may discover a reserve shortage (too few reservable assets relative to those they want to hold), whereas others may have reservable assets in excess of their wants. These reserves can be borrowed and lent on an overnight basis in a private market called the **federal funds market**. The interest rate in this market is called the **federal funds rate**. + +* If it wishes to expand money and credit, the Fed will lower the target, which encourages more lending activity and, thus, greater demand in the economy. +* If it wishes to tighten money and credit, the Fed will raise the target. The federal funds rate is linked to the interest rates that banks and other financial institutions charge for loans. Thus, whereas the Fed may directly influence only a very short-term interest rate, this rate influences other longer-term rates. However, this relationship is far from being on a one-to-one basis because longer-term market rates are influenced not only by what the Fed is doing today, but also by what it is expected to do in the future and by what inflation is expected to be in the future. + +The Federal Reserve uses two methods to maintain its target for the federal funds rate: + +* The Fed can also change the two interest rates it administers directly by fiat, the rate it charges to borrowers and the rate it pays to depositors. +* Traditionally, the Fed primarily relied on open market operations, which involves the Fed buying existing U.S. Treasury securities in the secondary market (i.e., those that have already been issued and sold to private investors). Outright purchases of securities were used from 2009 to 2014. Because of the large increase in bank reserves caused by, open market operations alone can no longer effectively maintain the federal funds target. Normal open market operations are typically conducted through **repos** instead. + +# When the Fed wishes to add liquidity to the banking system, it enters into repos. When it wishes to remove liquidity, the Fed enters into reverse repos. + +In a **repo operation**, the Fed lends overnight by providing cash against the collateral of securities. A **reverse repo** goes the other way: the Fed borrows overnight by receiving cash from its lenders while providing them securities as collateral. + +# Finally, we can talk about Reverse Repos and its significance to the current state of the markets, but first we must address the Debt Ceiling issue. + +The **debt ceiling** is the maximum amount the U.S. government can borrow, as directed by Congress, to meet its financial obligations. When the ceiling is reached, the Treasury cannot issue any more bills, bonds, or notes. It can only pay bills through tax revenues. + +Congress previously agreed to suspend the limit through July 31, at which point the Treasury has only a few months of “extraordinary measures” before lawmakers must either raise the amount, or face consequences of **technical default**. + +It has a target cash balance of $450 billion at the so-called Treasury General Account (TGA) on July 31. As of June 9, the Treasury’s cash balance was $674 billion, down from $1.8 trillion last October. It is not allowed to run up its cash balances ahead of the debt ceiling, because doing so is viewed as circumventing the borrowing limit. It has more than a month to pare back its cash, unless Congress raises or suspends the U.S. debt limit. + +As the Treasury spends money from its general account, the cash ends up on bank balance sheets, often in the form of **money market funds**. With front money market yields so low – in some cases on the cusp of falling below zero — investors have opted to place cash with the Fed’s reverse repurchase facility, which pays zero interest rates. + +There is so much cash at the front of the curve and low T-Bill supply from the TGA pay down that money market funds have no where else to go but the Fed **reverse repos**. It is less painful than potentially have to earn negative rates on your cash. + +Imagine you are a money market fund manager and you have $500 million cash. This cash came from a bank like Goldman who is looking to reduce its balance sheet constraint from a recent large deposit from a client and is charging deposit fees (negative rates). Ok so now what? I have all this cash and will have to pay this fee to Goldman unless I do something with it. Since there are no interest options given the abundance of cash across the market, you go to the reverse repo at 0% Better than earning nothing and having to pay fees right? Why not just buy t-bills if you are a MMF? Well, because of the TGA pay down due to the **debt ceiling**, there is just not enough bill supply out there. + +On top of that you add the money that people have been injecting into the banks, due to the fed printing money in the form of **stimulus**, and the American people have more money parked in the big banks than ever before. The big banks are currently losing money on interest payments because of all this money. The banks don't want all this money, so they perform repo contracts with the FED. The banks and the fed are using the repo market as a way to keep interest rates within their targets and control the amount of liquidity they both have. The FED wants to keep printing money to keep the economy running and the banks want to get rid of the printed money to keep the lights on. + +# All of the above has led to this: + +&#x200B; + +&#x200B; + +https://preview.redd.it/h29sjv3hqx571.png?width=1278&format=png&auto=webp&s=74efb03d8265a77b7ca42c35246b9b05b13b5deb + +# Fucking TNT right? Well here comes the Nuke… + +Traditionally this has been the flow of money in the reverse repo operations: + +&#x200B; + +&#x200B; + +https://preview.redd.it/scmne5qhqx571.png?width=545&format=png&auto=webp&s=156810a0b19fd689a26323e4772ebe53f11baeb7 + +This loop is about to be broken due to Citadel and friends. Citadel owns a company called **Palafox Trading** (market maker for repo agreements, yup) and uses them to EXCLUSIVELY **short & trade treasury securities**. Purchasing the US Treasury bond, in conjunction with mortgage backed securities, allowed the fed to keep pumping unlimited liquid cash into the repo market. Things are not as easy when Citadel comes along and borrows the bonds from Blackrock, they throw it into Palafox Trading and collect their cash. According to this case study: [https://www.localsuccess.org/shorting-the-us-treasury-bond-2021/](https://www.localsuccess.org/shorting-the-us-treasury-bond-2021/) + +“**Citadel has shorted more treasury bonds than are available**… With the federal reserve purchasing them monthly from the open market, it leaves room for a shortage when the repo call hits. If an entity like BlackRock hasn’t purchased more treasuries since lending them out, hedge funds like Citadel simply cannot cover unless they go into the market and PAY the bond holder for their bond. It’s literally the same story as all of the heavily shorted stocks… There is TOO much evidence, from TOO many separate events, pointing to the imminent default of something big. That’s all this is going to take. When Ted can’t repay Steve, it means the panic has already started. Just look at how easy it was for the repo rate to spike overnight in 2019. We are already starting to see the consequences of the SLR update with Archegos, Nomura, and Credit Suisse. This is just a taste of what’s to come… and now we know the bond market represents an even BIGGER catalyst in triggering this event… and it’s happening already…With that being said, things finally started to make sense… Citadel doesn’t NEED shares if their investment strategy to go short on EVERYTHING instead of going long. Why bother owning shares? BlackRock and other asset managers simply lend them to you when you need to pony up a margin call for stocks and bonds…Their HFT systems allow them to manipulate the market in their favor so there’s NO way they could fail… **unless… a bunch of retail investors all decided to ignore taking profits.** But that would NEVER happen, right?” + +# LET’S WRAP THINGS UP + +The feedback loop will eventually be broken due to the increasing interest payments of losing short positions. When this happens, the banks won't be able to keep performing these repos, the FED won't be able to perform reverse repos, interest rates will either sky rocket or go negative-hyperinflation or depression. + +What is the FED doing about all this? \*puts on tinfoil hat\* Most likely **colluding**: + +&#x200B; + +https://preview.redd.it/tpzgwj2jqx571.png?width=1117&format=png&auto=webp&s=79e1f6653e662a97bc37b4b21a64c7578bb0ec1d + +[If I had went into this in detail would need a part 2, it's 2:30AM right now so you'll just have to take u/Criand word for it](https://preview.redd.it/apgzo9kavd571.png?width=624&format=png&auto=webp&s=46624db19f3752d401ef9b0e26c09daa102f8077) + +# So we have TNT on top of a Nuclear Bomb in the Reverse Repo Market, on top of that you have everyone borrowing money like crazy: + +&#x200B; + +&#x200B; + +https://preview.redd.it/5grzev1kqx571.png?width=810&format=png&auto=webp&s=4268c20be2871300888871ba6d4d2bc6e3f61b63 + +# Which makes me think what will happen in the event of monster margin calls that lead to the liquidation of blue chip stocks? Who is safe here really? + +Lastly, in this DD: [https://www.reddit.com/r/Superstonk/comments/nxxwqt/tldr\_i\_believe\_inflation\_is\_the\_match\_that\_has/](https://www.reddit.com/r/Superstonk/comments/nxxwqt/tldr_i_believe_inflation_is_the_match_that_has/) + +# u/Dismal-Jellyfish Brilliantly pointed out another ticking bomb to this entire equiation, inflation. + +He says that “Inflation is going to make it impossible to earn positive rates on assets after being adjusted for inflation on anything but “extremely speculative” to “default is imminent with little prospect for recovery” risks… Because of inflation, the shorts are going to drown in their cash. **There is no place for it to go** to earn a positive yield greater than what inflation will eat, or should be acceptable for the level of risk of default…With nowhere to park this cash to generate positive yields and while having to contend with balance sheets that are having assets eaten away, participants will continue to use the Reverse Repo to buy time **until**: + +* Being down in real terms because of inflation is something that cannot be made back up to service the debt and will weigh on balance sheets as they try to protect from margin calls. +* ·Their existing collateral on the balance sheet can get re-rated lower, re-appraised lower, or just eaten by inflation to the point even what they are borrowing in treasuries can’t meet the requirements to hold off a margin call. +* They hit the 80 billion Reverse Repo limit because of nowhere else to place cash, are tapped out on treasuries, and no longer able to post acceptable collateral to meet their margin requirements.” + +\------end of quote + +# That was a lot to recap, sadly I have no TLDR. I do however have my own conclusion from digesting this information. + +It seems like their only way out is bankrupting GME. Which only then they can begin to clean up their mess, as hard as it sounds I believe they can get out of it if they straight up bankrupt a thriving growth company. The fallout from this though… + +I do not believe that will happen. They can however try to get us all to sell so they can cover at a much lower price in a controlled demolition style. I believe they have taken too long and our diamond hands prevailed, giving GME enough time to make the necessary changes they needed to make. + +I made a chart earlier regarding their most recent breakout: + +&#x200B; + +https://preview.redd.it/go9ovndlqx571.png?width=1621&format=png&auto=webp&s=315557c1caf7800a4e98ac585022e68a9abca0a6 + +[trading sideways guy, exponential floor guy, and t21 guy get all the love. But what about dorito triangle guy?](https://preview.redd.it/0yra8u9kvd571.png?width=676&format=png&auto=webp&s=5301fa30def4c424e447e9b2e3f41566c2a9eca2) + +I believe the fundamentals are too strong at this point and the earnings are looking better each time. It’s too late for them now. I have always believed in the company and I’m going to keep holding. They put themselves in this situation, their greed. If the entire financial system comes crashing down because I believe in a company then maybe the system was broken to begin with. I look forward to the opportunity to rebuild a more transparent free market that works for the people when this is all over though. That is just my personal opinion, it doesn’t really matter. I just really like the stock. + +EDIT: I’m currently working on part II which will connect the dots with GME. I know i threw it without much context,but there is a lot of data that needs thorough explanation. As well as a new finding, that the fed is pinned in this and is working their way out. Possibly by margin calling the margin callers, due to them taking advantage of SLR benefits. There is so much to this. The purpose of this post was meant to be educational but evolved into a deep web that I’m currently investigating. There are just so many angles to this. Will post part II as soon as I have a strong enough thesis to connect GME with supporting evidence. +I have been landlording for 22 years and have never had an eviction. + +I currently have 7 doors (soon to be 8). At some point, I will detail this for other first time eviction folks in a different post, but for now... I just want to give a real life story as a warning for using rent collection services (in this case [Apartments.com](https://Apartments.com)). + +The Story: + +Tenant has been in the unit since January of '22 and has paid fine until this incident. + +July 4th and August 4th payments were made and cleared. The funds were shortly thereafter moved to my account. + +On August 11th, Apartments emailed me and said that the funds for July 4th were 'disputed as fraudulent' by the payer. In theory, by the renter. They do not tell me anything about why, or how the payments were made, they simply removed them from my account. + +Please note, there is NOTHING legally wrong with the lease or agreement or level of service or anything like that. + +Whoever MADE the payment (probably by a bank account) disputed the payment with their bank. The bank called [Apartments.com](https://Apartments.com), and [Apartments.com](https://Apartments.com) pulled the funds from my account (a whole MONTH and some days after the payment was made). + +I immediately called Apartments, and they said that I needed to speak with the renter... The renter claimed ignorance and I am shit out of luck. + +In an additional post, I will talk about the eviction process, but for this, suffice it to say that I immediately served her with a 10 day comply or quit (with the legal counsel of my attorney). + +The kicker? a few days ago, It ALSO happened with the August 4th payment. In an effort to protect myself, I have removed her from Apartments, and have taken all of my funds out of that account, but they still pulled the funds, and now I am negative. In theory, this could happen again with June payment? What would I do at that point? + +Note: I can't stress enough that this is NOT a dispute between myself and the tenant that would justify not paying, there is nothing wrong with the lease or the unit or my service as a landlord (it's a lovely unit). This is pure fraud on her part. + +&#x200B; + +So, here is why I post this: + +1. WARNING: Banks and Renters can pull funds that have cleared out of your account, very possibly even AFTER they are gone? + +2. Advice request: Anybody have any advice? + +TLDR; be EXTREMELY wary of rent collection services. +I see all these very interesting posts about valuation and technical analysis and market cap and all these other terms that I've learned a little about but don't feel like I have a very good grasp of. Where did you guys learn all this stuff? Is it taught in business school or econ classes or what? +The Leak is enormous… 128 GB. I will not post a link to said 4chan post, since I guess the linked files/torrent are 100% illegal. But [here is a screenshot](https://ibb.co/Pxv5fZP) + +This is a big hit against Amazon and we‘ll get a brief look into their playbook once information about the unreleased Steam competitor will come in. I’m curious if there will also be some NFT hints too for example. +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? +Hey gang. I’m asking this for several reasons. + +First of all, I love to travel and would like to add some destinations to my travel plans for the coming year. I’m on the east coast but travel all over for work and pleasure. + +Second of all, I’m a semi-retired real estate developer and I enjoy seeing how different towns creatively use their location, natural geography, unique architecture, and local culture to create a “unique sense of place” that makes people want to visit, live and work in one area over another. + +I built my career by giving new life to historic buildings on main streets in small towns in PA. It’s been my passion. But there are lots of other ways to make a place amazing. + +What are some of your favorite unique cities that have stood out to you? +I have 2 kids, my brother has 4. + +My mom and dad are separated, and both have always taken a different approach to splitting gifts of money (e.g. at Xmas, or contributions into JISA's). + +\- My mom has always just given each grandchild £y. + +\- My dad has always given £x/2 to my kids each, and £x/4 to my brother's kids each. + +My dad says if my brother wants to keep knocking out kids, he can but my dad isn't increasing his outlay. + +He also says my mom is now in the position where she will have to either increase her total amount given out, or reduce the amount per child if my brother keeps going. TBF he said this before my brother had the 4th and he was right, because my mom then started dropping subtle hints about how much xmas is costing her. But when I told her to reduce the amount per child, she said she would feel bad. + +I think my mom's method is actually fairer to each child, but my dad's method makes more sense from a financial perspective. + +Interested on hearing which method others would use. +EDIT: thanks for all the amazing tips and kind words. Stoked we’ve got a place and can’t wait to move in, going to save the post and write out big list of dos and donts. Thanks again and have a sweet Sunday + +Just had an offer accepted on a house for a relatively low amount (compared to UK average) - £110k. Nice area in Newcastle so not worried about it being “too cheap” or anything like that. + +Got a 10% deposit mortgage over 30 years for an affordable amount each month and going through all the normal stuff with conveyance/structural survey etc. + +What do you wish you’d done immediately moving into a new (first) home or upon agreeing a house price? Hindsight is worth more than any homebuyers blogs and I’d rather learn from other peoples mistakes if I’m honest! + +Thanks and have a great evening +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Now that the trading week is over, what are you planning for the week to come? Did you make any gains this week or are you a big loser who blew up their TFSA on wealthsimple trade? + +This is unregulated discussion. Remember this is a community to learn. **Downvotes are discouraged** + +Add 🚀🚀🚀 if you serious +Hi, this is my first real Reddit post so I'm a little nervous. + +I'm Matt, I'm 17 and I still live at home. I have a job where I make about 500-700 dollars a month. I have about 750 in savings right now, but I would like to save more money, or for that matter just invest it so I make more, that way I can move out when I turn 18. + +Any advice is appreciated, thanks! + +Update: I've been getting a lot of replies telling me I need to find a career, which I already have something in mind! I'm actually already attending a vocational training program for high schoolers at my local community collage, and at the rate I'm going, I'll graduate high school with my associates degree in fire science. +I'm also a volunteer firefighter at our local department. + + +[Link to graph](https://imgur.com/a/ug9OIr5) + +[Here's the link](https://www.reddit.com/r/financialindependence/comments/fwnrpt/mod_approvedrfi_contest_guess_what_the_sp500_will/) to the original post. I thought it would be fun to see the distribution of the guesses of the S&P close on 12/31 that this sub posted 8 months ago. Fully aware we still have a week+ before the contest closes, but the results YTD speak for themselves. I see this as a reminder of why no one knows where the market will be in a day, month, or year; and instead you should just be ***in*** the market. +So I've been seeing a lot of posts damning GDAX for how they handled yesterday's flash crash, and now I see that some scum lawyer is trying his hand at a class action suit. This is ridiculous guys, a lawsuit (as fruitless as it will be) will do massive damage to the crypto market as a whole. I've outlined my reasons why you're not getting your money back, and why GDAX operated entirely within the law with their actions. + +--- + +1: GDAX is **NOT** required to offer a margin call + +This is a big one for me. The SEC states very clearly that a margin call is offered at the discretion of the exchange, and they're allowed to liquidate your position *without* prior notification to the client. If you don't believe me, just give this page a look. https://www.sec.gov/reportspubs/investor-publications/investorpubsmarginhtm.html + +2: Traders that were engaging in margin trading were likely breaking GDAX's ToS by not meeting their requirements for margin accounts. They require that you meet the "Eligible Contract Participant" requirements that are laid out in Section 1a(18) of the Commodity Exchange Act. Failing to meet these requirements means you lied to GDAX when you signed up for your margin account. Here's their ToS https://support.gdax.com/customer/en/portal/articles/2769116-margin-trading-agreement + +Also note that GDAX is not legally required to vet that the trader meets these requirements. As laid out in the SEC regulations on margin trading, all an exchange is required to do to establish a margin account is get the signature of the account holder. +-- + +3 Finally, traders are responsible for understanding the risks of margin trading, and how to manage/mitigate that risk if they choose to engage in it. It's absurd to expect that GDAX will refund these transactions because some very inexperienced traders didn't know what the fuck they were doing. It's tantamount to demanding a credit card company wipe your debt out because you didn't understand the risks of spending on credit, or that it was "too easy" to get access to a credit card. + +--- + +We as a community need to resist the temptation to demand the death of GDAX/Coinbase, and think about the consequences of one of the largest exchanges in the US being sued. It will greatly damage the public perception of cryptos, ultimately hurting all of us more than the events of yesterday ever did. + +/endrant + +Edit: Class action **SUIT**, not a double room DOH + +Edit 2: Well shit son, this blew up more than I expected it to. I wanted to post an updated response, because I do think there were some issues with the title of this post. The title was shit, and very inflammatory. I still stand by my points though, and truly do believe a lawsuit is pointless (especially class action) - but that doesn't take away from the traders rights to feel wronged and seek justice. +**Tl;dr:** There was a 2015 blog post on BCG's website about their transformation plan for PulteGroup, apparently as recently as April 7th. It is no longer there, but [here's the Wayback Machine link.](https://web.archive.org/web/20220407185915/https://www.bcg.com/publications/2015/value-creation-strategy-pultegroup-transforming-business-model) + +Alright so I wanted to learn more about this Pulte guy that's suddenly all over the sub and...look just put on your jammies and grab your tin foil. We're going for a ride. + +I stumbled across [this](https://www.youtube.com/watch?v=UhrqjgGS9rI) video from 2016, wherein Bill is interviewed by Superstonk's favorite financial pundit about whatever boardroom battle Pulte was swept up in at the time. In it, Bill mentions the name of the CEO, Richard Dugas, with whom he had some disagreements. I remembered Bill has been posting vaguely about some bad executive that brought BCG on and wondered if this was our guy. So I plugged "Richard Dugas BCG" into good ol' DuckDuckGo and the 4th result that popped up was a blog post from BCG's website. "PulteGroup: Transforming the Business Model," it read. "Neat," I thought. But when I clicked the link it just redirected me to the BCG homepage. + +So I opened up a new tab, brought up the Wayback Machine and plugged the link from DDG in. Lo' and behold, the page had been archived a few times since 2020, the most recent of which came on Thursday. Thursday also, weirdly enough, being the day RC liked Pulte's tweet. + +"Well maybe they just made some changes to their website. Maybe they just got rid of some old archived blog posts. Or maybe they changed the site map, so the post still exists just somewhere else that hasn't been picked up by the web crawlers yet." But nope, that doesn't appear to be the case. If you search for "PulteGroup" on BCG's website a couple of articles mentioning PulteGroup pop up. [All from 2015, all with the same authors.](https://www.bcg.com/search?q=pultegroup) But not that one. + +So, yeah. Seems like at some point between Superstonk becoming aware of Bill Pulte's existence and, well, now, BCG tried to scrub a Pulte related blog post from their site. [Here's the internet archive link again.](https://web.archive.org/web/20220407185915/https://www.bcg.com/publications/2015/value-creation-strategy-pultegroup-transforming-business-model) There's a lot of talk about "value creation," some nice pictures, a discussion of optimal floor plans. Real exciting stuff. Probably nothing, though. +I want to start making options markets (automated) on the side and hopefully grow the money over a long period of time + +I already know how being long the asset offsets the delta of a put and short the delta of a call + +&#x200B; + +But how do MMs hedge against theta and vega + +Do they just hope that there's no major moves in volatility and that that they can get an option off of their books within a day? + +And when that doesn't happen they just hope that the gains cover the losses? + +&#x200B; + +Or are there other instruments MMs use +So I was reading a recent post on the pf sub about how to teach your kids how to be good with money. The consensus opinion was to show your kids your paychecks/how all the money is gone at the end of the month to instill good savings habits/money decisions. + +I don't think that advice applies to me (most of us?) as I'd expect my kid to say, "Shit dad, why are you telling me I can't get a PS5 when you're fucking loaded?" + +We're pretty reasonable when it comes to spending, and with little kids I've never liked lying to them by saying "we can't afford that toy." Usually, we just tell them that we can't buy all the toys because we need to pay for our house/food/cars/clothes/etc. things they can relate to. My kids are still pretty young (4 and 7), but money is definitely something they're starting to understand. + +How do you guys ensure your kids don't grow up to be spoiled brats who don't value the hard work/savings/years it took to get you here? +Because of your shady business tactics and a huge error explained with, "someone hit the wrong button," you managed to reignite the DRS drive, so thank you I guess. Now, I plan on DRS'sing 100% percent of my shares. Thank you for inspiring me to go all in, and keep accidentally hitting those buttons whomever you are. + +&#x200B; + +Edit: Thank you for the award(s). Whoever you are. + +Double edit: Just got off the phone with Fudelity and DRS'ed 100%. Sorry it took so long Silverbacks. +I'm looking for portfolio management software for stocks that supports creating multiple portfolios, provides everyday changes and basic statistics. I am not a big fan of google spreadsheets or any online subscription-based tools. If possible, please suggest free/one-time paid software. I am a macOS user, so it should be available for mac. and easy to understand. I appreciate any help you can provide. +I'm in my mid 20s working in finance and I've been looking at buying a multi-family house (3-4 units) in NYC, but wondering if I'm getting ahead of myself. + +I have about $125k in cash / near-equivalents, with $50k in investments (that I don't want to touch). I've been set into the mentality that I should own, not rent, and am looking at a multifamily to generate some income. + +Is this the right way I should be thinking about my investments? Or am I setting myself up for more of a headache than it's worth? Anyone have experience with mortgages or setting up LLCs / commercial loans for townhouses? +u/ResolutionHorror541 **and I keep a tab on the shares available to borrow on FUDelity.** + +We all remember how it peaked to an absurd number right before the latest drop back in November. It's been on a steady decline since. It had been staying steady between 1 - .5 million dropping to a low Friday below 200k at market close. Today, for the first time in a long time, there is no number listed. Just "Call Fidelity". + +&#x200B; + +[Bullish](https://preview.redd.it/ldy1c4gh1va81.png?width=897&format=png&auto=webp&s=a71f6e9d8844eeb73f6856c5ac4e2ad914b45b53) + +Let's get it 🦍🦍🦍. DRS DRS DRS + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +(Yes, they have many other ways to suppress the price but this is at least 1 indicator that they're struggling.) + +Edit: Y'all, they borrowed all the shares they could to give us a DEEP DISCOUNT. Don't be rude. Take them up on their offer and BUY THE DIP!! + +Edit2: u/*Chicken\_King* **put in a call to Fidelity. Here is his comment from below:** + +"So, just got off the phone with Fidelity. Called the support number listed in ATP and asked why the information for shortable shares only listed their phone number and not an actual amount and was told it’s because there is no available shares to short at this time. + +The rep stated they when/if shares come available, then it would be reflected on ATP. + +Here’s a screenshot of my call time with Fidelity and the notes I took while on the phone. Out of the roughly 20 minutes I was on the phone, 15 of that was being put on hold. + +I wish I had more information but that’s all I was given." + +Edit3: u/Mirfster **made a similar post to mine. But his has some great numbers on shares available. Worth a look.** +To preface I understand how fortunate I am to have a job that allows me to work from home but there's a part of me which would love to have a few paid months off. Anyone else working from home feel that way? I think it doesn't help I've always struggled working from home so not having a work-life life separation is getting tough. +THE GERMAN BROKER "TRADEREPUBLIC" ASSURED US AROUND A WEEK AGO THAT WE CAN VOTE FOR A FEE OF $ 30! + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Spielstopp\/comments\/nh24t9\/tr\_affen\_können\_wählen\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/fy44vsf0hz171.jpg?width=828&format=pjpg&auto=webp&s=9d9d3783b75d4a3bc72ced4fab41933927eb56ed) + +&#x200B; + +TODAY WE HAVE BEEN INFORMED THAT WE WILL ONLY RECEIVE A CONFIRMATION OF OWNERSHIP FOR OUR SHARES, WHICH WILL NOT HELP US VOTING AT ALL! + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Spielstopp\/comments\/nmt5bd\/tr\_macht\_einen\_rückzieher\_mit\_dem\_voting\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/of669429hz171.jpg?width=828&format=pjpg&auto=webp&s=d96767353244f1212cde6cef82ca2cbb0c7c3d4a) + +&#x200B; + +OUR BROKERS ARE F\*CKING US AND WE ARE NOT HEARD! + +Edit 1: TradeRepublics Twitter is @TradeRepublicDE https://twitter.com/traderepublicde?s=21 + +Edit 2: We didn't have to pay in advance + +Edit 3: Since some have requested that I provide the emails as text, I will now insert the first and second emails here + +The email stating that voting is possible: + +"Vielen Dank für Deine Anfrage bezüglich der GameStop Corp. (US36467W1099) Hauptversammlung. Du kannst eine Stimmkartenbereitstellung direkt über Trade Republic in Auftrag geben. Du bist nur teilnähme berechtigt, wenn du die Aktie zum Record Date, dem 15.04.2021, in deinem Depot gehalten hast. In dieser Stimmkarte kannst du dann auch die entsprechende Proxy-Voting-Nummer entnehmen, mit der du an der Hauptversammlung teilnehmen kannst. +Du kannst gegen eine Gebühr in Höhe von EUR 25,00 gemäß dem gültigen Preis- undLeistungsverzeichnis möglich. Die Preisübersicht findest du in den Einstellungen der App oder unter https://traderepublic.com/de-de/preisuebersicht . Damit die Bestellung der Stimmkarte erfolgreich verarbeitet werden kann, musst du dich ferner zur Weitergabe der erforderlichen Daten an unseren Abwicklungspartner einverstanden erklären. +Bitte beachte, dass Trade Republic bei einer erfolgreichen Stimmkartenbestellung keinen Einfluss darauf hat, ob du tatsächlich an der Hauptversammlung teilnehmen kannst. +Wenn du eine Stimmkarte bestellen möchtest, antworte bitte bist spätestens dem 29.05.2021 auf diese E-Mail mit deinem Einverständnis zu den oben aufgezählten Punkten und der Kostenübernahme. +Weitere Informationen zu der Hauptversammlung findest du auf der Investor Relations Seite des Unternehmens unter https://ivestor.gamestop.com/home . +Viele Grüße + +Trade Republic Support" + +Translation: +"Thank you for your inquiry regarding the GameStop Corp. (US36467W1099) Annual General Meeting. You can order a voting card provision directly from Trade Republic. You are only entitled to participate if you have the share in your account on the record date, April 15, 2021 In this voting card you can then also find the corresponding proxy voting number with which you can participate in the general meeting. +You can do this for a fee of EUR 25.00 in accordance with the current list of prices and services. You can find the price overview in the settings of the app or at https://traderepublic.com/de-de/preisuebersicht. In order for the voting card order to be processed successfully, you must also agree to the transfer of the required data to our processing partner. +Please note that if you have successfully ordered your voting card, Trade Republic has no influence on whether you can actually attend the Annual General Meeting. +If you would like to order a voting card, please reply to this e-mail by May 29th, 2021 at the latest with your consent to the points listed above and the assumption of costs. +Further information on the Annual General Meeting can be found on the company's Investor Relations page at https://investor.gamestop.com/home. +Best wishes + +Trade Republic Support" + +The rejection of a vote with trade republic: + +"Hallo Ape, +bezüglich der Stimmkartenbestellung von GameStop Corp. haben wir neue Informationen erhalten. +Entgegen der ursprünglichen Auskunft findet die Ausstellung der Stimmkarten in Deinem Fall direkt über GameStop Corp. statt. Um eine Stimmkarte zu erhalten, musst Du Dich an die Investor Relations Abteilung der GameStop Corp. wenden, deren Kontaktdaten Du über die Webseite https://investor.gamestop.com/home findest. +Zur Beantragung der Stimmkarte bei GameStop Corp. benötigst Du eine Bestandsbestätigung zum Record Date, dem 15.04.2021. Diese stellen wir Dir in diesem Fall kostenlos aus. Bitte antworte mir auf diese E-Mail, um Deine Bestandsbestätigung zu erhalten. Mit dieser Bestätigung kannst Du Dich direkt an die Gesellschaft unter investorrelations@gamestop.com wenden, um eine Stimmkarte zu bestellen. +Bitte beachte auch hier, dass die Teilnahme mit der Bestätigung von uns nicht garantiert werden kann, sondern von der Gesellschaft abhängt. +Beste Grüße + +Trade Republic Support" + +Translation: + +Hello Ape, +regarding ordering voting cards from GameStop Corp. we have received new information. +Contrary to the original information, the voting cards are issued in your case directly via GameStop Corp. instead of. To get a voting card, you have to contact the Investor Relations department of GameStop Corp. whose contact details can be found on the website https://investor.gamestop.com/home. +To apply for the voting card at GameStop Corp. You need an inventory confirmation for the record date, April 15, 2021. In this case we will issue these to you free of charge. Please reply to this email to receive your inventory confirmation. With this confirmation you can contact the company directly at investorrelations@gamestop.com to order a voting card. +Please note here too that participation cannot be guaranteed with the confirmation, but depends on the company. +Best regards + +Trade Republic Support + +However, the certificate is useless because GameStop has stated several times that they will not organize the voting. +My post is not intended to be a one-size-fits-all approach. It’s merely a lowly account of how I beat the cycle of poverty. I will mention parts of my personal 30+ year journey as illustrative examples. I’m a very pragmatic person, so I like organizing my points into actionable deliverables and providing practical tips. + +I’ve noted common vs. uncommon advice so that it helps you skim / skip. Even for the common advice, it might be worth the read because I’ve attempted to narrow it down to the most useful / impactful ones that worked for me. + +&#x200B; + +1. **\[Common\] Your greatest asset is your health, don’t overlook it.** I know some of us had to work multiple jobs, myself included.. but I learned this the hard way. Your health should always come first. Without it, you can’t work and you can lose everything. + 1. **Active prevention** \- Eat right, exercise and get an annual physical (if you’re able). You don’t have to pay for a gym - walk 30 minutes a day around your neighborhood at a minimum! A cheap alternative to the gym is the city community center ($30 for the **entire year** in my high cost of living city vs. $30 **a month** at a commercial gym). + 2. **Don’t overwork** \- Each person has his or her own limit, but… don’t take on too much. You can suffer from exhaustion and die from it. + 3. **Keep your mental health in check** \- Talk about your struggles with loved ones, and seek outside help from counselors, a religious leader or even Reddit! Mental health is so important and without it, we can make bad decisions that have irreversible consequences. +2. **\[Uncommon\]** **Sacrifice** \- Unfortunately, living in poverty taught me that it is filled with heavy sacrifices. + 1. **Some social events** \- I was never able to attend school dances. Why? They cost money and I was barely able to afford clothes. I wore a rotation of 2-3 school outfits the whole school year. I spent my early twenties busting my @ss off at work to get out of the projects. There was nothing like drive bys during holidays to motivate me to work harder. People who love you, will make time for you, and vice versa. To some, social events are very important. Although it was painful at the time, I don’t have any regrets. + 2. **Material necessities** \- Having a car is a necessity in my area… and I had to take several hours of bus rides when it could have taken 20-30 minutes by car. As a woman, I was not able to afford beauty products when I was poor. It was tough, but at least there were workarounds... + 3. **Time, effort and sleep** \- Greatest things you’ll have to sacrifice when you don’t have money… + 4. **Dignity** \- Working at the bottom could be one of the most dehumanizing experiences one can face. People use you and treat you like shit. They talk over you, yell at you, tell you you’re not worth it in some form, etc. How I overcame this was by becoming more emboldened and standing up for myself. **DOCUMENT evidence**, my friends. BE VERY SPECIFIC with dates, times, places, quotes, etc. and email it to yourself, should you ever need to use it. Unfortunately, some people just don’t have class, so when they resort to **personal attacks**, I shut it down **immediately** by simply stating that it is below my level of professionalism when someone is unable to stick to the work product. I’m used to having experts nitpicking and tearing apart my analyses… and one of the hardest lessons to learn early in my career was not taking these critiques personally. I used to be afraid to speak up to abusive bosses for fear of losing my job… but I armed myself with knowledge and experience to combat this. So I learned how to argue, come up with counterpoints, poke holes in their logic and reasoning, but most of all - control my emotions and being professional even when others are unprofessional. Don’t get me wrong, I’ve had awesome bosses as well, but early in my career, I’ve had to deal with an inordinate amount of bad ones. Growing up, bullying was common for being poor. I was made fun of for a lot of different reasons, but it taught me to be resilient and enabled me to improve myself. +3. **\[Common\]** **Make friends and network** + 1. I’d say about 33% of the people at a previous firm were hired through friends and/or family. They had a guaranteed interview at a minimum vs. someone submitting a resume had like a 1/100 shot at an interview. + 2. One coworker I had was incredible. She would befriend almost every client we had and was so genuine… She had a personal touch with each person. You better believe she was one of the most amazing people I’ve had the privilege to work with and to learn from. + 3. Networking and making friends allows you to have more job opportunities and tap into a pool of resources. Different people are good at different things. They can help you out in life and vice versa. +4. **\[Common\]** Capitalize on your strengths, minimize your weaknesses and develop yourself. + 1. **Know what your strengths are and cultivate them.** I used to be painfully shy and had trouble speaking to everyone. However, I had to change this in order to get good grades, be gainfully employed and move up the ladder. **Communication skills** are absolutely necessary in order to get ahead in life. The ability to be persuasive and convincing with your viewpoints, the ability to distill complex information in an understandable manner, utilizing humor to lighten intense situations and being able to give valuable input and solutions - all of this is rolled up under communication skills. + 2. **Minimize your weaknesses.** We all have weaknesses, and you need to find out ways to mitigate them. Some people are predatory and will try to use them against you, or we can just fall short at times. It’s good to admit we have them and try our best to improve. +5. **\[Uncommon\] Try to be nice to everyone, even the @ssholes.** + 1. Don’t burn your bridges, if possible. It’s a small world out there. You will most likely run into people again at some point especially if you work within a certain field. Even if someone did you dirty, keep it professional and move on. I don’t waste my energy trying to get revenge, or telling them off, or whatever… things have a way of evening themselves out. + 2. Sometimes, you have to work with @ssholes. Be nice to them, or at the very least, deliver the message without negative emotions. You never know when the jerk will actually help you. +6. **\[Uncommon\] Opportunities** + 1. **Learn how to identify opportunities, prioritize them and take action on the right ones.** First, it might be easy to identify opportunities if you’ve grown up without many. However, there is an art to knowing which ones to take or leave behind. What I mean is that some opportunities are indirect or too speculative. Some are tempting but are too risky… In the end, it depends on what you want and what you value. For example, it might be tempting to take the higher paying job offer that has little upward mobility because you have an immediate need for money, but in the long run, career development and advancement becomes increasingly important. + 2. **Create opportunities.** You can create opportunities especially nowadays. I created my own jobs by learning some musical instruments and providing lessons that paid me twice the minimum wage at the time (which was still much less expensive than what professional musicians charged), and the occasional gig at $100 an hour. For the record, I disclosed to everyone that I wasn’t a professional musician. + 3. **Opportunity cost.** Evaluate your opportunity costs. Although you might have no choice but to be the fixer of your car / water leak / random plumbing issue / etc., be an assembly person, cook, etc. if you’re able to afford it, it might be worth it to hire a professional to save you the trouble. I calculate how much I make an hour and multiple that to the estimated time it will take me to fix it, and then make my decision. Some opportunity costs aren’t quantifiable by money, but might require sacrifices made on life events. I remember not telling my mom about the parent conferences or mommy and me events at school, because I knew she had to work. +7. **\[Common\] Take advantage of the resources available to you** + 1. There’s no shame in asking for help, but be proactive as much as possible. Take initiative, and take advantage of the resources available to you. It goes both ways. One day, when you’re out of poverty, you’ll remember the help you got and hopefully help others! No one can do it alone. +8. **\[Uncommon\] Your greatest business partner is your significant other.** Think of it this way - Who gets half (theoretically) in the case of a divorce? Cut people out that are toxic and get closer to the ones that make you better. + 1. Haters - There will be haters and naysayers around you. Don’t let the hate get you down. + 2. Try to surround yourself with people that make you better, not worse. + 3. One of the biggest decisions in your life is settling down with “the one.” It has a great impact on your financial life. Sometimes, you can get out of poverty from marrying someone well off; other times, you can get into the trappings of poverty from marrying someone who makes bad financial and personal decisions. All I can say is, do whatever you can to be self-sustainable because the divorce rate is 50%, people’s health fail, shit happens, and in the end, it’s up to you to decide how you want to live your life. +9. **\[Common\] Know your audience and learn how to pitch yourself** + 1. You need to know your audience and adapt to their preferences. This means that you may have to study up on the common trends, specific vernacular and small talk in your desired career field. + 2. Learn how to pitch yourself, not only for interviews but to advance yourself in your career. +10. **\[Common\] Strike a balance** +11. Try to strike a balance in all that you do. For major decisions, sleep on it and get other people’s viewpoints - especially opposing viewpoints. Don’t surround yourself with yes people because this will hurt you in the long run. +12. **\[Common\] Grow your money / earnings potential.** +13. **Education** \- Learn the necessary skills to earn a decent paying job. Whether it be college, trade school, certificates, apprenticeships, etc., gain the knowledge in order to get the experience, which leads to more $$$. There are many threads on this, so I won’t go into further detail. It’s worth noting that I tried to get accreditations and degrees on paper from well-established institutions so it minimizes any credibility issues. +14. **Experience** \- Even if it’s an internship, you need to get your foot in the door by getting real experience. I recall many “entry-level” positions requiring some experience… +15. **Branch out into related fields** \- Jobs are becoming highly specialized. Try not to pigeonhole yourself into one niche and be adaptive to the needs of the job market. +16. **Investing** \- Take advantage of any matching offered by your company, learn how to invest your money even if you don’t have it yet. I believe in value investing and investing in companies that have differentiation, a clear path towards revenue, and actually making revenue. I try to stay away from companies that are losing money even if they are well known (even if it’s in a growth stage) - different thoughts on this though and it’s largely personal preference. Diversify your wealth so that you don’t lose it all at once. +17. **Depends on your area, but try to save up to buy a home** \- Rent money goes out the window vs. you’re able to build equity when purchasing a home plus tax benefits. Lots of advice on this elsewhere. +18. **\[Common\] Learn how to manage your money and track it regularly.** This goes hand in hand with building wealth. What good is it to make a lot of money when you don’t know how to keep it? +19. **\[Uncommon benchmark\]** Differentiate necessities, nice to haves, and wants / splurges. Denote the frequency of use. Analyze how much of your spending habits fall within each bucket. When I was living in poverty, 99%+ of the money spent was on necessities. It was rare that I would get a Christmas present, and I remember thinking as a young child that it meant I was a bad child. I cried myself to sleep and then cheered myself up when I came to the conclusion that Santa couldn’t give me a present because my apartment didn’t have a chimney. (I lived in the suburbs, so we didn’t have toys for tots programs nearby.) +20. **Track your spending habits.** This will make you aware of how much you’re actually spending / wasting / saving. It allows you to make corrections expediently and makes you accountable. +21. **\[Common\] Save, save, save.** +22. **Saving money** is the first step to getting out of poverty. If you have a 90%+ rate of spending behavior vested in necessities, then it means that you are getting the required discipline to save. Analyze how many unexpected financial events happened in the past year, and then adjust your savings rate % accordingly, or better yet, use a 5 year average. +23. **Biggest savings behaviors** \- Cooking at home, ability to fix things, being good at administrative stuff / filling out paperwork pay off, big time. +24. **Savings from coupons.** Whether it be online, or the ads you get in snail mail, utilize coupons whenever possible! +25. **Frugality**. Whole subreddit dedicated to this. It’s worth noting that I’m all for saving the environment and saving money and stuff… but I draw the line with reusable toilet paper. + +&#x200B; + +**Mindset-oriented** + +1. **Don’t get trapped in the victim mindset** + +I got trapped in the victim mindset in being dealt a bad deck of cards. I didn’t have much handed to me growing up, and I definitely had a lot of resentment and bitterness for suffering for things I didn’t cause myself. This resulted in a depressive “Oh woe is me!” cycle in which I spent a lot of time crying, complaining, being hopeless, etc. Then one day, I realized that I was wasting time because instead of doing something useful, I was spending my time being miserable. Now, don’t get me wrong. Emotions get the best of us and can’t be controlled at times… but deadlines are unforgiving, and I had to make ends meet. So I realized that although I cannot control what happens to me, I can try to control how I react to them… which brings me to the next points. + +**2. Turn negatives into positives** + +This took a lot of trial and error, but I had to learn how to turn negatives into positives. Stuck with team members that slacked off? I wasn’t happy with them, but I saw it as a leadership opportunity and carried the team. Not enough money to buy breakfast? It’s okay, I don’t have to work out as much. Made fun of for wearing the same clothes? It’s okay, I’m going to channel all the anger I have and study/work more. Success is the best revenge. + +3. **It’s okay to fail.** **Just pick yourself back up and try again.** Try as many times as you need to. Try something different. The key is to not be discouraged or paralyzed from the fear of failing. I didn’t have much to lose, so it explains why I kept at it. Have a back up plan, and another backup for the backup. + +4. **Get out of your comfort zone and challenge yourself.** You’ll need to get out there and make things happen, because no one is going to do it for you! Get used to doing things you don’t like. I had to leave my ego at the door and have a receptive, learning attitude. + +5. **Enjoy the pleasantries but also recognize the faults.** Sometimes, we think in black and white. If you like someone, you can ignore his or her faults, and vice versa. I think it’s important to have a well-rounded, realistic view of everything and everyone, including ourselves. + +6. **It’s easy to say you “know” or say you will do something, but hard to actually do it.** There’s a lot of times when I hear people refuse advice because “they already know” or they say they’re going to do it… but very few times when I actually see people applying or practicing the lessons. It’s not just about knowing, it’s about doing. + +&#x200B; + +**Things I learned while being poor:** + +* Jack of all trades - Because you don’t have a lot of resources available, you end up doing a lot of random things. +* I’ve seen people go either way - Either they become GREAT problem-solvers, or really bad at it. You usually have to go through a milieu of different kinds of bullshit, usually simultaneously, so you get good at coming up with solutions on the fly and putting out fires. +* Learned early in life that my best was not enough. It was utterly devastating. I had to learn my shortcomings and limitations, and saw inequities abound. +* I try not to take things for granted. I thank people for helping me and for whatever contribution they bring - big and small. +* I learned not to be as judgmental. Living a tough life, I know I could have messed up and have made mistakes. When someone makes a bad or unhealthy decision, who am I to judge? It could have been me! +* I was ugly, awkward and poor, of which the most painful was being poor. Being poor means that no matter how smart, capable, etc. you are, you still might get passed up because you didn’t have certain connections or opportunities presented to you. It’s a powerless position in which you see the worst in people, and in rare times, the best in people. +* No one wants to hang around someone who is sad / complaining / etc. Although it’s hard at times, I try to be upbeat and positive. I don’t want to worry others or burden them with my problems - each person has enough of his/her own struggles. +* **It’s expensive to be poor.** You get hit with bank monthly minimums, higher interest rates, etc. +* **Social injustices are real and rampant.** This is another thread in itself. +* **Keep your eye on the prize** \- Don’t lose focus. A lot of small steps and small wins are necessary for the big win. It’s okay to have setbacks and make mistakes - just… keep… going. + +&#x200B; + +**What gave me an edge:** + +* **Good reader of people.** This allowed me to avoid toxic people and gauge situations effectively. +* **Anticipate people’s needs.** This gave me an advantage because people really appreciate when you’re able to deliver what they want/need without them having to tell you. +* Struggling AF during junior high and high school competing against kids that had so many resources. I had to put in 2-3 times the effort. I continued this work ethic and this allowed me to get multiple degrees and certifications while working. +* Ability to quickly pick things up, including thinking on the fly. People don’t really hold your hand in the real world. While I had many good teachers, I had to self study a lot of things in the workplace. Most of all, I had to learn how to react and adapt quickly to sensitive and tenuous situations. +* An open mind to learn new things, flexibility and adaptability, being forgiving, giving without expectations or quid pro quo, motivation to do better and be better, and belief in God. + +&#x200B; + +**Things I learned NOT to do:** + +* Try not to get into unhealthy addictive behaviors. It’s difficult to get out of, and it usually perpetuates the cycle of poverty. +* Don’t blame others for everything. Try to be accountable to yourself, and own it. Of course others are to blame sometimes, but playing the blame game doesn’t really solve the problem. +* Try not to become disillusioned, and don’t lose hope. It took me 20+ years to get out of poverty. It might take some others less time, and some others more. However, the key is to keep trying and know that at the end of the day, love heals the pain and covers a multitude of suffering. +* Don’t be cruel to others, even if you think they deserve it. When we get into a cycle of vengeance, you often become destroyed in the process of trying to destroy others. +* Don’t rely on others to break the cycle of poverty for you. If you get a lucky break, then great! However, the reality is that for many people, we have to break the cycle ourselves. + +&#x200B; + +Thank you for reading! Hope it was helpful. +You can find my original post about retiring and moving to Malaysia [here](https://www.reddit.com/r/financialindependence/comments/m6txvf/reached_my_number_now_i_must_wait_for_covid_to/) + +The "Malaysia My Second Home Program" ([MM2H](http://www.mm2h.gov.my/)) targeting foreign retirees had been suspended since August last year. The Malaysian government has just [re-launched the program, but with some very steep requirements](https://www.thestar.com.my/news/nation/2021/08/11/malaysia-my-second-home-to-be-reactivated-with-changes-says-home-ministry): + +&#x200B; + +* Demonstrable monthly offshore income of $RM40,000 (\~US$9,500) vs 25% of that previously. +* Bank deposit in Malaysia of $RM1 Million (\~US$235K) vs 25% of that previously. +* Must spend at least 90 days a year in Malaysia vs 0 days minimum previously. + +Malaysia used to be a very desirable FIRE destination because it was inexpensive, safe, English speaking, had good infrastructure and it was relatively easy to get a retirement VISA. + +That last item is pretty much gone. If you are FIREd and pulling $10K a month, you probably have better options than Malaysia. + +Oh well. +So when I was 20 I organised to get a car loan for a car that I thought I could afford, the bank said yes and offered me a secured loan. I forget the exact terminology but it was the type of loan that even if things went bad in my life and I ended up needing to declare bankruptcy, that I’d still have to pay it back. I was fine with this because I’d never had trouble paying anything back and found it fairly easy. I was working full time and living at home. I had no real thoughts about what could go wrong to make it so that I’d struggle to pay it off. + +Fast forward a few years and I’ve moved out with my (now ex) wife. Things turned to shit and long story short they repossessed the car. I’ve been paying it back slowly every since (very slowly) and figured I’d end up paying it off one day and fix my credit. + +The bank called me yesterday and said that due to the royal commission into loans that they would be wiping the debt and paying me back any money I’d paid since it defaulted with interest. To say I was amazed is cutting it short. It’s been hanging over my head for 12 years. I had fixed everything else on my credit file apart from that and have learnt some valuable lessons about borrowing. + +I hope if anyone else has a similar situation, that something similar happens for them. + I used to avoid crypto play to earn games because I'd been scammed a few times with most of them, but after reading through Redditt threads some skilled game/crypto devs come up with something that works and seeing how people are bullish on P2E projects and seem to succeed and get through them, I'm getting my hopes up and considering giving it another shot. What play-to-earn game is legit and worth your time and energy? +It seems like every property is underquoted. Every weekend, properties sell for, and even have reserves, higher than the quoted price, which is illegal. It wastes buyers time thinking they have a chance and it also doesn’t benefit the seller either because the additional interest from people with lower budgets won’t result in a sales price higher than what the highest bidder was prepared to pay. The only party that benefits from underquoting and higher foot traffic is the agent themselves who gets to put more names and phone numbers into their databases. + +Consumer Affairs can only take action if you report it. If an agent is found to have underquoted they lose their commission and pay a fine of around $30k (consequences vary state). If we make it financially painful for agents to systemically underquote they will have to stop. Agents try to use excuses like saying they can’t predict what the market will do and that the reserve was only set on the day of auction. Don’t accept these excuses since it is literally their job to know the market. Either they are knowingly underquoting or they are that bad at “knowing the market” that they cannot do the one thing their job requires them to do. Whether they are dishonest or incompetent, they shouldn’t have a real estate license. The key is to get the agent on record breaking underquoting laws and then report them to the Consumer Affairs body with as much detailed information as possible to assist their prosecution. + +Here is a step-by-step list of what do to make it as painful as possible for an agent that tries to underquote: + +1) As soon as a property appears on the market that you want to buy and believe is underquoted, ask the agent if they think the quoted price is reasonable, ask what the reserve is and ask what price they think the property will sell for. Keep a written log of their answers and the date the conversation took place. Don’t be discouraged if they give vague non-answers, which is likely. Any detail you can glean will be useful. + +2) Ask for a copy of the contract so you can make an offer. Do this even when the property is going to auction. Making pre-auction offers is perfectly valid, and even necessary to combat underquoting. + +3) Make a written offer for 10% above the quoted price plus one dollar, or if they gave a range offer one dollar above the top of the range. Include in the written offer a message like “Per our conversation on 3rd April you believed the range of $1,500,000 to $1,650,000 was fair value. Attached is my offer of $1,6500,001, which being **above** the top end of the range I’m sure will be attractive. Please pass this written offer onto the vendor.” The key here is to force the agent to pass the offer to the vendor and then the vendor has to either accept it or reject it. They cannot just ignore it. + +4) If they have provided you a written contract then when making the offer in the previous step sign the contract and include a personal cheque with 10% deposit. Don't' use a bank cheque. Personal cheques are free and can be completed on the spot for the correct amount, whereas bank cheques involve a fee, require knowing in advance what the amount is and who the payee is. If they tell you that the contract isn’t available yet then make the offer anyway over email, saying “In the absence of a contract being available I would like to make a good faith written offer.” The agent cannot use the absence of a having received a blank contract from the vendor as an excuse to not accept a good faith buyer's offer for consideration. + +5) If the vendor accepts the offer then congratulations, you just picked up a property for only 10% above the quoted price, which is virtually impossible in a market where agents are systemically underquoting. + +6) If the vendor rejects the offer ask them what price it will take to get the offer over the line, but expect the agent to give a vague non-answer. Ask the vendor to increase the quoted price or range to reflect the rejected offer. Make it clear that the increased advertised prices needs to be **above** the “plus one dollar” in the offer. This puts the agent in an awkward position of having to increase the range to a round number above the “plus one dollar”. In the example above they couldn’t simply increase the bottom of the range to $1,650,000 since that would still be below the rejected offer so they would probably then increase the range to “$1,660,000”. + +7) If the agent hasn’t increased the advertised price or range within three business days, follow them up asking why they are still advertising a price below a rejected offer, which is in violation of underquoting laws. Do not let the agent drag their feet on updating the range, which they love to do. + +8) When the agent does increase the range, follow steps 3 to 7 again, forcing them to again reject an offer one dollar above the quoted range. If they had just given a realistic range to begin with they wouldn’t have to waste everyone’s time playing these games. Keep doing this right up until auction day. + +9) Save a copy of the advertised price from online before the auction commences since once its sold that information will be removed from online. + +10) When auction day rolls around ask the agent what the reserve is. They might not tell you directly but if during the bidding process the auctioneer says something like “the property is now on the market” it means the reserve has finally been met so take note of that value. + +11) Lodge a complaint with your state’s Consumer Affairs department. The key pieces of information are the advertised value or lower end of the quoted range when the property was first listed, what this advertised value increased to by the day of auction, what it’s reserve was on auction day and what it ultimately sold for. In the complaint you want to demonstrate that the advertised range was always unrealistically low since it was below reserve and below the final sale price. Make note in the complaint about any deliberate attempts by the agent to ignore your offer, to drag their feet updating the range or anything else they did to deliberately underquote. Include in the complaint a timeline of what the agent did and what conversations took place, that support the fact that they were under quoting the whole time. + +Here is where you can report underquoting: + +VIC: [https://www.consumer.vic.gov.au/](https://www.consumer.vic.gov.au/) + +NSW: [ https://www.fairtrading.nsw.gov.au](http://www.fairtrading.nsw.gov.au/) + +WA: https://www.commerce.wa.gov.au/consumer-protection + +QLD: [https://www.fairtrading.qld.gov.au/](https://www.fairtrading.qld.gov.au/) + +SA: [https://www.cbs.sa.gov.au/](https://www.cbs.sa.gov.au/) + +TAS: [https://www.cbos.tas.gov.au](https://www.cbos.tas.gov.au/) + +NT: http://www.consumeraffairs.nt.gov.au/ + +ACT: https://www.accesscanberra.act.gov.au/app/answers/detail/a\_id/2270/\~/fair-trading-for-consumers + +[ ](https://www.fairtrading.nsw.gov.au/__data/assets/pdf_file/0004/367969/Protect_yourself_from_underquoting.pdf) +Do both you and your partner work? How do you find it? Would you rather only one of you worked? I'm asking because I kind of like someone but she's the type who doesn't want to work and now I'm wondering how common that is? I looked at the stats and only 46.9% of women work so it's not unheard of, right? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +No ETFs + +Single companies only and they must pay a dividend + +After alot of consideration I would probably pick KO since I like how consistent and solid it has been + +What company would you buy? +Mainly per the title, but I am asking to understand the community views for those who are getting hammered by current fuel prices. + +Personally, I'm weighing up the switch to full EV or even a plug-in hybrid but have never had a car under finance. So to know people's thoughts on the matter, i thought it would be handy to post here. +Hello Apes, + +I'm Zak, a colleague of /u/dlauer who I've been working with for the past 5 years on all sorts of projects. He told me how fascinating and engaging of a community you all have built, and after spending a couple of days looking around, I completely agree. It's really great how much the general attitude is concerned with really trying to figure out what's true, and that there's a lot of openness and eagerness to learn (especially when a whole lot of people would probably find most of these topics incredibly boring). While I mostly stay buried in development and analytics tasks, I hope to spend a little more time here following along with what you're all up to. + +I appreciate the moderating crew for letting me post some stuff while I work on obtaining that sweet karma. + +# Problems & Background + +Some ongoing themes around here involve questions about if/when/where trades are reported, theories about what small average trade sizes mean, and what dark pools, internalizers, and the FINRA ADF are. These things are all closely intertwined. And since there's a lot of effort going into trying to draw conclusions from the data, I think a lot of those efforts would be improved with a few contexts and ideas. + +Before any of that, I have to admit that I share Dave's skepticism of the usefulness of the modern US market structure. While some vested interests point to certain price-improvement metrics regarding PFOF and internalization as 'proof' that it is beneficial to market welfare, I'm not sure this tells the whole story. Just because the second-order effects on market stability and quality are hard to measure doesn't mean they don't matter. It's possible a narrow class of people benefits at the expense of many more. I'm not ready to draw a conclusion one way or the other, but I am more than a bit annoyed at how easily this gets brushed aside. + +Last disclaimer: everything here is to the best of my knowledge from a few years spent developing analytics for institutional clients to measure their execution quality and assess trading performance resulting from routing orders to different brokers who would then execute the orders in a mix of on- and off-exchange transactions. Before that, most of my career was spent in futures, which tend to be much nicer for simple people like myself. + +# Are all trades reported to the tape? + +Generally, yes (unless someone is breaking the rules). By any reasonable interpretation of the rules, all FINRA members have an obligation to report transactions. Depending on the parties involved in the transaction and where it's taking place, there are also rules outlining who has the responsibility. + +For a very thorough treatment of how different types of transactions generate reporting requirements see [FINRA 6308B](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6380b). There's a lot of concrete examples. + +There were some questions about whether Citadel could have a brokerage account at Robinhood and then trade with Robinhood customers without generating a report. I discuss the different scenarios that this could fall into and show that they all generate reporting obligations in this post: [https://www.reddit.com/r/Superstonk/comments/n9331h/dave\_lauer\_clears\_things\_up\_about\_the\_dark\_pool/gxp36ur/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n9331h/dave_lauer_clears_things_up_about_the_dark_pool/gxp36ur/?utm_source=share&utm_medium=web2x&context=3) + +At the end of the post above, I qualified it with: + +>None of this is to say that rule violations can't happen or don't happen. They do happen. Bank of America was caught [falsifying its trade reports](https://www.reuters.com/article/us-bankofamerica-new-york-settlement/bank-of-america-pays-42-million-fine-in-new-york-masking-probe-idUSKBN1GZ27H) by altering who it said the customers were executing against. Last month, it was reported that Robinhood was [failing to report](https://www.reuters.com/article/us-robinhood-regulation-tradereporting-e/exclusive-robinhood-failed-to-disclose-certain-trade-executions-to-public-feed-idUSKBN2BV0FZ) transactions for its fractional shares. + +Unfortunately, sometimes when we choose our words carefully or point out past abuses in specific cases, people's imaginations can run away with it and start seeing abuse everywhere. + +I think we clearly need much stronger oversight systems to catch abuses much sooner. But it's important to know that when most of these abuses have been caught, it wasn't from analyzing public data. It's incredibly hard to draw any reasonable conclusions from public data. (However, Dave and I have been working on some projects to do this effectively. Hopefully, we'll be able to share soon.) + +# The FINRA ADF is not the boogeyman + +Some people this morning were concerned about the GME volume labeled as FINRA ADF. But this is actually a "catch-all" designation for off-exchange transactions: + +>FINRA ADF is not a dark pool. In fact, no trading occurs on it at all. The volume you're seeing is mostly retail volume from traders like yourselves. +> +>In general, when any FINRA member conducts a transaction, either for themselves or on behalf of a customer, they are required to report the transaction to the tape. Transactions that don't occur on any of the lit exchanges still need a way to enter into the SIP feed so that all market participants can be aware that a transaction has taken place. The FINRA ADF is the exchange code for those transactions. +> +>When a discount broker like Robinhood routes an order to Citadel and Citadel fills the order, that is considered an OTC transaction and is reportable. Citadel reports this transaction to a Trade Reporting Facility and it becomes a part of the time and sales record for that day. + +During the trading day, all non-exchange transactions for reg nms stocks are reported in this way. This includes dark pools and internalizers of retail order flow. + +Below is a sample of some GME trades from NYSE TAQ data, which is historical data from the SIP feeds. From [the spec,](https://www.nyse.com/publicdocs/nyse/data/Daily_TAQ_Client_Spec_v3.0a.pdf) you can see Exchange Code "D" corresponds to the FINRA ADF. When the Exchange Code is "D" the TRF column is populated with one of the three specific [TRF facilities](https://www.finra.org/filing-reporting/trade-reporting-facility-trf). + +[Snapshot of SIP data with FINRA ADF exchange and a TRF code](https://preview.redd.it/s5o4zdhdbjy61.png?width=799&format=png&auto=webp&s=138cca33b04e50133c239f9ba6634a2a7a627bc2) + +In general, the workflow goes like this: one or more FINRA members conduct a transaction; based on the details of the transaction, the member responsible for reporting sends it to the TRF facility with whom they have a relationship; the TRF facility reports it to the SIPs. + +A month later you are able to see more specific venue breakdowns for where the volume actually occurred. The [FINRA OTC Transparency](https://otctransparency.finra.org/otctransparency) website lets you get all that data by week. "ATS Issue Data" is for registered dark pools; "OTC (Non-ATS) Issue Data" is for internalizers. + +# Small average trade sizes don't necessarily imply manipulative behavior + +One of the recurring themes I come across in my work with these sorts of complex systems with a lot of feedback and adaptation is how a tremendous amount of entirely different scenarios can generate the same macro-observable outcomes. This is persistently true with market data. When coming up with an explanation for observed data, it's first important to be aware of many possible ways that data could have been generated. Having good background information will help you estimate what explanations are likely. But to be truly rigorous to where you can be confident with a conclusion, you need to know how to rule out alternative explanations. + +From the previous two sections, we've already seen that retail order flow that is routed to an internalizer will show up as FINRA ADF. Since retail order flow tends to have very small sizes, it is no surprise that the average trade size for FINRA ADF will be small. + +But I've seen some other threads that also try to dig into the dark pool-specific, "ATS Issue Data", from the OTC Transparency website. These threads also reveal the average dark pool trade size can often be 100-200 shares, and many people seem very angry about this. + +Having had the opportunity to analyze the way that the trade desks of large $10B+ funds execute their orders, I will propose a pretty simple explanation for why this happens: + +* It's common to hear institutional trade desks talk about how large their position is in terms of a stock's average daily volume (ADV), because this metric gives a decent heuristic of how much they can execute at a time without having an impact on the market price — or alternatively, how much they will have to move the market in order to close their position in a short period of time. +* As a result, when an institutional trade desk needs to get into or out of a desired position, it will typically break up the total desired quantity into many smaller trades and execute over several days (or longer) so as to not move the market all at once. +* The trade desk will then route the smaller pieces to different brokers with whom they have relationships. This is called sending a "parent order" to a broker. The brokers offer a variety of "execution algorithms" that have different behaviors which the trade desk can select from in order to achieve their target size with the desired market impact and time constraints. +* When a broker algorithm receives a parent order, it breaks that up into "child orders" to route to different trading venues using a combination of active and passive orders. These venues are often a mix of lit exchanges and dark pools. +* The overall goal for institutions trading large size is to not "show your hand" and not let any one venue or broker have all the information about the position you're trying to get into or out of. Because if someone knows you're trying to execute 2 days of ADV, they can rush into the position now and then wait while you have an impact on the market. + +There are many other mechanisms for moving large size, but given the enormous variety of trading venues and the desire to minimize market impact, it is not surprising that the average trade size would be small. + +In general, I think we need to know these sorts of tedious things so that we can make sure we're asking the right questions. If we accept that small average trade sizes aren't evidence of malicious behavior, then we can get to the important question: should we even have all of these dark venues leading to all of this complexity in the first place? +I thought I’d share something I’ve been thinking about lately, which is a slightly different perspective on the downsides of working a full time job. Many posts on this subject are focused on FIRE as a way of regaining control over your time. While I do spend a lot of time working, I find the biggest personal cost is actually the degree to which my job uses up my energy. In fact, I would say that I am often living in *energy poverty*. + +As an analogy to financial poverty, I think this terminology is quite fitting for my situation. Someone in financial poverty might have enough money for food and shelter, but they’re living paycheck to paycheck. Anything that might be a small inconvenience for a middle class person can be a real crisis. Get a flat tire, and they may miss the next rent payment. Need to see the doctor and they might have to go into credit card debt to get groceries. My energy level feels the same way. I can sustain things just barely, but if some issue comes up at work or home that requires more of my energy, there’s no “emergency fund” to pull from. I start borrowing energy that would have gone into relationships, exercise, planning for the future, or other things that are essential in the long term. And much like financial debt, once energy is taken from those things, it requires even more to get them back to where they need to be. This can cause a downward spiral of energy debt that can be tough to claw back out of. I’m curious if anyone else has thought about the cost of working in a similar frame. + +And just to clarify, I actually like my job quite a bit relative to other jobs I could work. I think the issue is much less about my specific job, and much more about my own temperament. I wouldn’t expect to feel significantly different in any other job in my industry. +Posting this here because IMO it's a FAT problem. + +With preparing to sell my company and retire soon we've been making some changes to our finances and moving funds around. What I am experiencing is something I never expected, anytime I want to move any significant amount of money we're being fought tooth and nail about it. My wife had someone at Chase literally start yelling about red flags and questioning why she was converting 50K to Euros and sending it to a French escrow account for the deposit on our vacation home a few months ago. + +The latest situation has my blood boiling. Trying to move mid 6 figures out of a TD Ameritrade account to a bank account. Linked the bank account, verified it and made a 10K transfer into the bank account to verify everything was fine. Liquidated the Ameritrade holdings and 2 weeks later I went to transfer funds via ACH and it was flagged and rejected. Called in, did all the validation and was assured it would go through. It didn't. Called private client services, answered all their questions and was assured the funds would transfer but might take 2 days. Didn't happen, no reason given. Called in and raised hell, told I needed to do it via wire due to the amount. Initiated the wire transfer and it was cancelled with no explanation or notice, I only found out when I looked for the funds in the other account and saw they were not there. Called and raised hell again, sat on the phone for the entire time while they verified everything. Private client services rep confirmed it was all going to happen this time. It didn't. Called in this morning, told someone cancelled it again because the account types didn't match. Told them this was bullshit, the accounts are titled the same and that I'd verified everything last month and done a test transfer to avoid this whole issue. The only difference is the amount. Regardless they had the paperwork from us authorizing the wire with the copies of ID's that they asked for. They looked and confirmed that I am right and was told it will be looked at Monday. + +It's been a full week of this now. My Ameritrade rep pointed me back at private client services. + +We've spent years putting money in and now that we want to start taking money out it's feeling like these places think of it as theirs... + +Is private banking the only real way to avoid these kinds of issues? Or are they just unavoidable? + +Edit: Thanks for all the feedback. I needed to vent and 'my brokerage is being a PIA about moving half a million dollars to let me diversify our investments' isn't a conversation for most audiences. I will be sending a letter to to Ameritrade that I am reporting this to the CFPB, and to the FINRA. Despite my annoyance at the work required when I am approaching the finish line I will likely be moving all of our accounts and my primary businesses 401K employee accounts to another broker. +Good morning Apes.... This is not financial advise - + +I am convinced that GME is going to blow in the next 70 days... If I'm wrong... I will leave superstonk and you guys can ban me.... I will be exiled in to the world and looking for a new group if we dont blow in the next 70 days... + +**I will show you... what the hedgies have been doing... and why they are almost out of ammo...** + +[Shills reading this right now...](https://preview.redd.it/iiraoy9evhr81.png?width=500&format=png&auto=webp&s=1d3de851d864f6a476edbf4a6835b8ec9477d03e) + +**I have the proof...** + +Last week the algo should have broken twice. + +They shut it down Tuesday to stop the Algo exploding... + +On Friday the options were doing weird but the stonk didn't do too much... GME is still under massive pressure and the worst ive ever seen it... (for hedgie fuks) + +If you look at the current cycle... its different to the last three and for that reason we are still very much in it. The cycle is "convoluted"... + +[The cycle is trippin.....](https://preview.redd.it/pchs23uushr81.png?width=714&format=png&auto=webp&s=59ea0af5e8ce4980fe701a96806bf985f91bbbf2) + +The 180 day chart is interesting and needs another look.... + +The start of 2022 was freaking rough for GME longs.... GME traded from 2021 highs of $250 down to around $75 March 2022 lows. + +[We traded from a peak of $250 for a draw down of more than 72&#37; in last cycle from highs to lows \(edit\) ](https://preview.redd.it/xxlphqo4uhr81.png?width=1320&format=png&auto=webp&s=549536af606120c126b63b583581f2cad21dedc4) + +**This was their last attempt to demoralized you... They came out of the gate with everything they had, this was a full on industry blitz coming from everywhere... it was their last power move to shake APES off...** + +**This was one of the biggest, longest, slowest drops we ever had.** Fortunate for Apes, they continued to buy the dip and essentially accumulate many of these shorts. + +Some key things... GME had 2 DRS announcements... Remember on the last two earnings calls... 5 and then around 9 Million shares DRS... + +[December 7th and March 22nd.. ](https://preview.redd.it/yb5znm931ir81.png?width=671&format=png&auto=webp&s=d74df7e0a2b0852c2b327f352db65470f004c72a) + +[As the DRS accelerated so did the shorting... ](https://preview.redd.it/iktgmde81ir81.png?width=1320&format=png&auto=webp&s=86abac58addeb221e96d3109c5e5c9c890c90ba3) + +The Algo drove GME down for a full quarter and when it did finally relieve pressure it was one of our biggest runs yet. + +[GME traded from 75 to almost $200... a 160&#37; gain from the lows... ](https://preview.redd.it/32rb1trl1ir81.png?width=1333&format=png&auto=webp&s=1670f888bd5f93c12f3340c01ff49893af1503e2) + +The difference this time is **DRS.** And it's why im so sure this time is different... even the recent run up is wildly different to the last couple. + +[The circle is the Algo trading after the run-up](https://preview.redd.it/z7pz5wrs2ir81.png?width=650&format=png&auto=webp&s=4d655dddd6e1e61693d22c398c8f03084c1f77f0) + +The last cycle was very different... the circle is much wider and the initial run-up is also much wider than the previous 3. DRS changed the Algo math. + +[Volume has started to increase...](https://preview.redd.it/bsaomrds3ir81.png?width=1320&format=png&auto=webp&s=be4b0e77812e750dd446321745f7a2aedd3d4768) + +Because APES continue to DRS.. Shorts need to wash/trade the shares more for a similar effect. + +**At any day GME could announce a bomb in regards to the NFT exchange, IMX or LRC... Thats just one thing we could speak about.** + +**Game Stop Owes US an Annual Report and its going to show a lot of their plans... I would think? So that is Apeish...** + +https://preview.redd.it/905ydmwr0ir81.png?width=577&format=png&auto=webp&s=d1c7cb9a967083af6f7e9e07a810a23083316c3e + +**TL:DR: Its been a wild Ride and probably the harderst stock to ever call. is seems like thousands have come before me and tried to call the moon... even I have called the moon multiple times and failed...** + +**This time tho, is different. The DRS effect is a real thing. I do believe that hedgies gave it their all and they will not sustain the next run up which is DUE around 05/22/2022. Keep in mind this stonk can blow at any time, it blew Tuesday and was supposed to blow Friday.** + +**DRS while you can... one of these days there might not be any shares left over. Thank you for all the work apes.** + +[https://www.reddit.com/r/Superstonk/comments/tvyjvo/nport\_gme\_deep\_dive\_ii\_the\_web\_so\_much/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/tvyjvo/nport_gme_deep_dive_ii_the_web_so_much/?utm_medium=android_app&utm_source=share) + +u/freadom6 put together a sheet not getting enough looks... most of these shares are lent from their own clients funds - apes bought those shares - and now those firms have to deliver - wait until these firms all start accumulating gme - buckle up + +**P.S. Im not selling ever!!!! I just wont post here if wrong -** + +**Thanks for the Love** +SHANGHAI—An accounting scandal has disrupted dozens of initial public offerings and other fundraising plans in China, intensifying investor concerns about the amount of trust they can place in audited financial results in the country. + +In recent weeks, a string of Chinese companies have halted financing plans, with many saying the China Securities Regulatory Commission was investigating their auditor, Ruihua Certified Public Accountants, for suspected violation of securities law. The regulator and Ruihua officials didn’t respond to requests for comment. + +The apparent investigation into Ruihua, China’s second-largest homegrown accounting firm by revenue, follows revelations of overstated earnings by a client. + +In May, the securities commission began a probe of Ruihua’s smaller rival GP Certified Public Accountants Co., after finding that GP client Kangmei Pharmaceutical Co. had inflated cash holdings by more than $4 billion. + +With economic growth at its slowest since at least 1992, investors and analysts say many companies are experiencing financial distress, which in turn is revealing accounting problems that were easier to hide when credit was freely available and businesses were growing rapidly. + +Beijing is probably also pressuring accountants to be more rigorous, they say, especially since foreign investors are now playing a larger role in China’s financial markets. + +Economic and market weakness has prompted greater scrutiny of listed companies and auditors, as regulators seek to contain financial risk and “purify the market environment,” said Landing Zhang, chief executive of Shanghai asset-management firm CYAMLAN Investment. + +The reliability of financial statements is one of several challenges facing investors in China. There are also question marks over the quality of local credit ratings and official economic data, while critical commentary by analysts and investors is often censored. + +Chinese bookkeeping is also a sore point in Washington, since Beijing doesn’t allow U.S. authorities to inspect audits of Chinese companies listed in New York. + +“There has long been suspicion that Chinese companies have a tendency to fabricate results when necessary. And that seems to be a well-grounded concern,” said Paul Gillis, an accounting professor at Peking University’s Guanghua School of Management. + +Mr. Gillis said part of the reason is that it is extremely difficult to bet against companies by selling stocks short in China. “It’s short sellers who tend to identify most of the fraudulent companies because they have the incentives to do so.” + +Auditors declined to endorse—or endorsed only partially—a record 219 annual reports last year, nearly double the 113 in the previous year, according to Wind Information Co., a data provider. These actions suggest an auditor has found issues with the results or has doubts about the company’s status as a going concern. + +Earlier this year, the securities commission found a Ruihua client, Kangde Xin Composite Material Group Co., had overstated profits for the four years through 2018 by $1.7 billion. After endorsing Kangde Xin’s financial statements for three years, Ruihua said it couldn’t express any opinion about the most recent annual report. Ruihua has said it completely fulfilled its auditing duties. + +Since then, at least 23 listed companies that are Ruihua clients have flagged delays to refinancing plans, which can mean selling shares or convertible bonds, as have 28 IPO candidates. The Shanghai Stock Exchange has also postponed reviews of four Ruihua-linked applications to list on its new Science and Technology Innovation Board. + +This is isn’t the first time Ruihua and peers have gotten into trouble. In 2017, the Ministry of Finance and the CSRC suspended Ruihua and rival BDO China from auditing public companies for roughly two months, according to the ministry’s website, after each was hit by two disciplinary actions within two years. + +Ruihua was also fined by the market regulator in December 2018 because of problems with a client’s annual reports, and three years ago, served a one-year ban for some work related to the interbank bond market, after failing to assist a regulatory probe into a client that defaulted. + +The local arms of international accountancy networks are the largest players in China, but vie with many local outfits, to whom they have lost market share in recent years, according to the Asian Corporate Governance Association. + +Firms affiliated with the Big Four—PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG—and midtier player BDO are the five largest players. + +Their combined revenue made up 26% of the total Chinese accounting market, according to a 2018 report by the Chinese Institute of Certified Public Accountants. In the U.S., arms of the Big Four and BDO audit about half of all listed companies, according to Audit Analytics. + +Amy Lin, a Shanghai-based senior analyst at Capital Securities, said the cost of breaking the law was too low in China. The maximum fine for false financial disclosures is 600,000 yuan ($87,000), while the top criminal punishment for hiding or destroying accounting records is a prison term of five years and a fine of up to 200,000 yuan. + +On July 26, the market regulator said it would increase prison terms and fines for capital-markets misdeeds, and would revoke licenses of intermediaries, including accounting firms, that failed to fulfill their duties. + +“The authorities have a clear intention to use the outburst of financial fraud as an opportunity to clean up the market, partly because they have limited capacity to bail out all the troubled companies,” said Shen Meng, director at Chanson & Co., a Beijing-based boutique investment bank. + + + +https://www.wsj.com/articles/chinese-auditors-are-on-the-hook-after-clients-are-caught-cooking-the-books-11564746460?mod=mhp +I was doing some casual Zillow browsing today for multifamily properties (it's my form of entertainment). Today's market of interest was Salt Lake City. + +Literally every single multifamily property was priced at points rents that did not even cover the PITI -- who the hell are buying these places? + +First one I click on: [https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982\_zpid/](https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982_zpid/) +Price - 520k +Total Rental Income - 2.1k + +&#x200B; + +Second one I click on: [https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982\_zpid/](https://www.zillow.com/homedetails/149-S-Jeremy-St-Salt-Lake-City-UT-84104/12735982_zpid/) +Price - 400k +Total Rental Income - 1.8k + +&#x200B; + +How do you afford to lose money every month and then have to worry about vacancy, repairs, property management, etc. I understand more-so for SFH since at lease it has inherent value. +**TL;DR: GME's FTX token has 2nd highest volume around the time RC bought more shares. May be worthwhile to track correlation matrix of how FTX/crypto tokens track each other and the stocks that underlie them. Also, crypto token for BBBY (BBBY. cx) has biggest volume spike around Aug. 17th, for RC announcement of sale. Needs more digging.** + +&#x200B; + +https://preview.redd.it/skxjanlxu50a1.png?width=1930&format=png&auto=webp&s=8b9839fd24d755d43943e80f0e0744ca61b199eb + +&#x200B; + +Kudos to u/thebigfart123 and u/danceswith2socks for this rabbit hole and sourcing. I was digging into why GME FTX token had such large volume spikes on two different days: the "sneeze"... + +&#x200B; + +https://preview.redd.it/d0yzj4uzu50a1.png?width=920&format=png&auto=webp&s=54be02287b790c075351c5451be814f6bfb6000d + +...and March 22, 2022. + +&#x200B; + +https://preview.redd.it/1v4ehls0v50a1.png?width=802&format=png&auto=webp&s=03b76593c783abe084773967afb98bfdedf8aa62 + +I was originally digging into GME's FTX token volume to see if there was any overlap between the Ortex "glitch" from about a week or so ago. During that search, found that super high volume around March 22nd. + +However, the spike in volume started around the day before: + +&#x200B; + +https://preview.redd.it/q1oskwlrv50a1.png?width=806&format=png&auto=webp&s=79ed5c5153494f28313dc5da26a3051ad10eb0e5 + +Here's what GME's stock chart looked like: + +&#x200B; + +https://preview.redd.it/gw9e5i26w50a1.png?width=2292&format=png&auto=webp&s=eb4ee9574450fd83a42cc6390164706da590bb12 + +&#x200B; + +&#x200B; + +Here's the SEC filing page for RC Ventures: [https://sec.report/CIK/0001822844/amp](https://sec.report/CIK/0001822844/amp) + +&#x200B; + +&#x200B; + +https://preview.redd.it/iaznjpylu50a1.png?width=2566&format=png&auto=webp&s=5398e292887fd77ef8642213c87937022949a58b + +&#x200B; + +https://preview.redd.it/skx3ruwhu50a1.png?width=2504&format=png&auto=webp&s=3e6a7849c6d7ed1705ec43a9b50406d20c01ed65 + +I'll need to dig more into the timelines as to this and when the volume started going haywire on the FTX token...but because we can safely know that the token can trade at all hours of the day (vs. the stock market) it might be worthwhile to track WHEN the volume starts going crazy on tokens vs. the stock. + +&#x200B; + +**I talked in another post how BlackBerry's stock began trading A FULL DAY before the launch of the GME token:** + +&#x200B; + +https://preview.redd.it/bnmnpvmfw50a1.png?width=1946&format=png&auto=webp&s=dfc7b51b3ffcce9919a1a729742f2f1f97e4f252 + +&#x200B; + +&#x200B; + +**Eventually, it may be worthwhile (and I'll try myself) to track what the correlation matrix between the TOKENS vs. STOCKS looked like. Kudos here to what** u/BurnieSlander **found some time back:** + +&#x200B; + +https://preview.redd.it/t2fnpdwtw50a1.png?width=2002&format=png&auto=webp&s=9648305b6599f7ce7f5c049df0ed1afe8d37be02 + +&#x200B; + +&#x200B; + +Last thing: in a recent post, I talked about how there was already at least one BBBY token floating around before the sneeze called BBBY.CX and how its volume spiked the day of the sneeze on January 28th. + +https://preview.redd.it/3jkkopelw50a1.png?width=1564&format=png&auto=webp&s=d83eb9db15de31c1b1792a329e38420ad001aa7a + +It also spiked even HIGHER elsewhere. Went to look back at the same chart and someone is fucking changing it on me since I first posted about it: + +&#x200B; + +https://preview.redd.it/g77mdqmux50a1.png?width=1600&format=png&auto=webp&s=d97659e9567b05043d57fed93cc40f8c5eb664e2 + +&#x200B; + +https://preview.redd.it/5lla9z5kx50a1.png?width=1624&format=png&auto=webp&s=d0c5e24f01bc756f1d93a2eb5e7d9c7281823dbc + +The data SEEMS to line up so far but not sure why the chart looks like this. Either way...a giant spike on Wednesday, August 17th, 2022 for that token. What happened that day? + +&#x200B; + +https://preview.redd.it/ae85652ay50a1.png?width=938&format=png&auto=webp&s=b0ccbcc273125ad2279e915fd7a3ae388c7d681b + +I'm not really sure of what to make of this then just yet...but it seems like some of the crazy volume on the FTX tokens (and others) may be tracking SPECIFICALLY Ryan Cohen's buys and sells. + +Hopefully some of you can dig further into this. + +&#x200B; + +&#x200B; + +EDIT: words, formatting, tagging + +&#x200B; + +\---- + +&#x200B; + +EDIT 2: Double checking can someone explain this to me again: [https://sec.report/Document/0001193805-22-001199/](https://sec.report/Document/0001193805-22-001199/) + +RC's BBBY filing was on the August 16th date (even though the BBBY token biggest drop and the MSM articles came out the next day), what does the April 21, 2022 date refer to again? + +&#x200B; + +https://preview.redd.it/xeb4vx4lf70a1.png?width=2538&format=png&auto=webp&s=9097be283aca6270ed8b2776610fb075d7bb4deb + +per u/HereIGoAgain_1x10 **is this what you mean?** + +&#x200B; + +EDIT 3: Also a comment from dlauer....anyone looking or already tracking data analysis on these tokens? + +>dlauer: + +I think your correlation idea is right. The first thing to do would be to simply see how correlated token and stock volume is. I suspect they're extremely correlated - when there's a lot of stock trading, there's a lot of token trading. If not, then there's probably something to dig into to understand the conditions that drive differences. + +&#x200B; + +&#x200B; + +EDIT 4: some great comments. Here's one from u/outrageous-yams: + +>Hey isn’t FTX and alameda currently being accused of frontrunning ICO’s? (Basically insider trading + extra crime) +> +>Wonder if they’re doing something related to this too. +> +>No idea. + +This theory is spicy af....FTX/Alameda if they knew this was gonna happen frontruns the ICO for the GME FTX coins then dumps them + +&#x200B; + +https://preview.redd.it/422nnezaq70a1.png?width=1716&format=png&auto=webp&s=6fa4ed5ae6baf18db54fe2a103143ad06a99525c + +EDIT 5: yet another GME token to track found by u/anthonystephenmark called DGME: [https://www.coingecko.com/en/coins/gamestop-tokenized-stock-defichain](https://www.coingecko.com/en/coins/gamestop-tokenized-stock-defichain) + +&#x200B; +Hang onto your helmets and buckle up! + +[When you wish upon a star - a complete guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +GameStop's Q4 2021 Earnings call is scheduled for one hour past market close (5 P.M. EST). + +===== ===== ===== ===== + +You can tune into the call here: + +GameStop official channel: [https://www.youtube.com/watch?v=ZRzzu-Mmgio](https://www.youtube.com/watch?v=ZRzzu-Mmgio) + +[^(https://viavid.webcasts.com/starthere.jsp?ei=1536075&tp\_key=6f4dc40cad)](https://viavid.webcasts.com/starthere.jsp?ei=1536075&tp_key=6f4dc40cad) + +===== ===== ===== ===== + +Company Report on Fourth Quarter and Fiscal Year 2021 Results here: + +[^(https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results)](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results) + +===== ===== ===== ===== + +[10-K Form here.](https://investor.gamestop.com/sec-filings/sec-filing/10-k/0001326380-22-000021) + +===== ===== ===== ===== + +# NFT Marketplace to be launched by the end of Q2 2022! + +https://preview.redd.it/5k8gqhmaf0o81.png?width=847&format=png&auto=webp&s=f15d20cf08bd2ac48d4cc4a39c30920f57f4d299 + +&#x200B; + +*^(This post will be updated as Company Filings are released.)* +Hi everyone. + +I'm HODLing my coins for 5 years plus, which is great because I don't need to check the chart everyday as the rises and falls don't affect me. + +That's why I've signed up to multiple trading platforms, studied Wyckoff, enabled push alerts, open trading view every 4 minutes, close the chart, re-open it, read the latest crypto news, condemn bearish trends, avoid the FUD, check the sub-reddits, comment on every post, resist the FOMO, provide unwarranted technical analysis, evaluate impulse waves, predict future trends (incorrectly), check staking rewards every 30 mins, mark support and resistance levels, record trading volume, declare bull runs, track whales and erroneously declare that everything I hold is going to the moon. + +See, it really is so much easier to HODL. No sweat whatsoever. + +Thanks and see you all in 5 years :-) +Curious if others have had a similar experience. I fatFIREd a few years ago following my employer being acquired. My wife doesn't want to - loves her career. We have two kids of school age. + +For a while I worked on some open source projects (I'm a programmer), tried to find hobbies, trade, and generally enjoy life. But it just didn't quite work for me. We have a nice house in a posh area. We've been traveling to luxurious places, but with the kids we can't really be globetrotters - not to mention Covid. I just grew increasingly aimless. + +I ended up getting back to work. I may be one of those folks "defined by their career" or whatever. Clearly I'd do for free what people are willing to pay obscene amounts for, but in an unstructured environment (open source, define-your-own project) I can't find the motivation to do something heavy. I'm not a good entrepreneur to create a startup. I just ended up having a job with a boss and doing the coding I like anyway. It's a lot better than my aimless days. + +Also, one important thing is what kids see growing up. We believe living under one's means is good to practice. You wouldn't be able to tell we have money if you saw us walking down the street. Our kids know they can't have anything they want because things have a price and the budget is not unlimited. And I think they seeing me working is better than seeing me just moping around the house. + +I have the feeling I'm missing something important, like I don't know how to be rich or whatever. Is that the case? +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. +Palantir Technologies Inc. shares rallied in the extended session Tuesday after the data-software company said it was selected for a U.S. Army intelligence program contract. + +Palantir PLTR, +0.17% shares surged and were last up 14% after hours, following a 0.2% rise to close at $23.21. + +The company said it won a $823 million contract to provide the Army with its Gotham platform, which is “an operating system for defense decision making and is specifically designed to connect the dots between disparate sources,” Palantir said in a statement. + +Palantir said the platform will “support Army Intelligence users worldwide with a globally federated Intelligence data fabric and analytics platform spanning multiple security classifications.” + +“We look forward to the continued partnership with [Program Executive Officer Intelligence Electronic Warfare & Sensors] and the Army’s Intelligence Community in providing new and exciting technology that help them in their modernization efforts,” said Doug Philippone, Palantir’s global defense lead, in a statement. + +The contract falls under the Army’s Capability Drop 2 program. Palantir said the CD-2 contract is “one of several” projects it is working on to modernize Army intelligence. +Hi! + +So, I'm a fairly active young person, and recently I got a hernia. I went to the doctor, who confirmed it was in fact a hernia, told me lay off 90% of the exercise I currently do, avoid exertion generally, and put me on the NHS waiting list for an operation to repair it (waiting times of 5-12 months). + +To me, the idea of waiting up to a year to be able to return to my life as normal feels unthinkable, so I started looking into alternatives. The operation to repair the hernia itself is very simple, and could be done privately in a couple of weeks and cost me about £2,000 all in: about 20% of my emergency fund. The long waiting list is an NHS-specific problem. The hernia's not life threatening, I would definitely survive waiting on the NHS, and it would not affect the way I make a living, but I know I'd prefer not to. The main benefits of having the operation sooner would be peace of mind and ability to return 100% to my normal life faster, ability to perform my hobbies, etc. + +When growing my emergency fund, I've always thought it in terms of covering expenses were I to lose my job etc., and not so much *non*\-life-threatening medical expenses. So, I'm trying, despite being in the heat of the moment, to assess if this is worthwhile expenditure, and something my emergency fund should be covering. + +So my question for you is: is this an emergency-fund problem or a discretionary spending problem? + +Thanks for your help! + +edit 1: it’d take me about 3.5 months to replenish the emergency fund again + +edit 2: thanks so much everyone for your advice! I've decided to go ahead with the operation privatel - health > wealth and all. +I was just on the phone with Ally to verify the screenshots I've been seeing about Ally no longer supporting DRS shares. + +The issue appears bigger than this. It isn't just Ally, Apex no longer wants to be a custodian for IRA shares. Not only do they not want to be a custodian, they are in the process of reversing \*all\* drs transfers. Ally claims Apex is reaching out to ComputerShare to pull \*all\* direct registered IRA shares in their custodial name and sending them back to the self-directed IRAs. + +I then spoke to both ComputerShare chat as well as the GME phone line, both confirmed that Apex is the one in control of a container account and there is nothing an account holder can do to prevent it. + +One small loophole I found while discussing with a rep was that we know the site allows for a transfer to another custodial name, even a nonsensical one, as proven by u/youniversawme's post where he made ComputerShare the account owner. The rep on the phone admitted that if we were able to get this to work, it would transfer custodial ownership. At this point, it very much enters NFA territory. It seems that, on paper at least, they will be pulling our shares and we will need to find another custodian. + +Before the "I told you so's" come here and parade, we knew Ally and Apex were a risk, we always have. But I'd prefer to try to direct register my shares than keep them at a broker, and no I will not break them out of my retirement accounts and eat the taxes on that just for ape points among a vocal minority here. We remain individual investors, and this is best for mine and many other's situations. I believe the path forward for apes not willing to to exit their retirement accounts is to find a new custodian. Again, NFA. + +Edit: So I just followed up as they never emailed me followup statements. At this time, they denied my request to provide anything in writing, but they say they will be sending an email out to investors shortly. For anyone hoping to confirm, I would recommend calling them yourselves, as they have been up front about this every time I called today. Interestingly also, the reps appear to be in-the-know about this now. + +Edit2: I should also add that the rep seemed to indicate this was done for legal reasons, Apex may be arguing that there is no legal case for IRA custodians in ComputerShare when they don't "offer" that option. Not justifying the actions, just relaying what I heard. The official statement should be interesting. + +Edit3: + +TA;DR - Apes who used Ally to DRS their IRA accounts are going to have their shares pulled back out of ComputerShare and into Ally's control because the company they use as a clearinghouse (Apex) doesn't want to support this. Ally will be sending an official notice to the affected investors soon. +*mods asked me to rename the post, hence repost* + +&#x200B; + +[Yes that is an Ortex bucket cap, copyright pending.](https://preview.redd.it/bl5zsk27hmw91.jpg?width=3977&format=pjpg&auto=webp&s=093a0a28ea9b7a389199242a0c436e56aa3fd70f) + +When will someone teach these companies who blindly defend the indefensible to not issue statements which contain absolute clangers? There's one specific line in their statement that I find hilarious. + +*"Clearly, SI did not increase by tens of millions of shares when todays total volume was 2.3million".* + +The suggestion here is that the data Ortex provides for GME is normally accurate using equation X, however yesterday for whatever unexplained reason the same formula suddenly became sentient and went rogue?! + +*Ortex you're supposed to snort the cocaine not the dog food.* + +Now let me tell you something about me, I work in tech, specifically I manage a team which builds complex data dashboards (very similar to that of Ortex) which calculates and displays data from multiple sources. For obvious reasons these numbers are not hard coded, or updated arbitrarily. The only time there is an error in a calculation it's because a human fucked with the data before it got to the formula or because what you thought was a glitch actually did happen. + +**Mathematics is linear, it either is or it is not**, if the formula is right today it's right tomorrow, the laws of mathematics don't change because it's inconvenient for Wall St. + +Do not believe a word they say, when they claim they need to have someone "review the formula". + +If the formula was perfectly fine the day before **the formula was perfectly fine yesterday when it showed Wall Streets hand for the 15th time**, and unless we see a copy of the formula: + +* before yesterday; +* yesterday; +* once updated; + +claiming anything otherwise is gaslighting. + +u/ORTEX_official, how many times are you gonna claim glitch before you just admit that you, like all of us either have no idea what's going on, or that those 150mm plus shares borrowed yesterday could very well be exactly what our community hypothesises they might be? + +**Why jump to a glitch before considering:** + +* Credit Suisse 540k put exposure leak? +* T69 run up theory? +* Covering/rolling FTD's with more bad bets? + +Buying 45more shares just because of this fuckery, DRS incoming. + +**glitch better have my money** + +**IN OTHER NEWS:** [Occam's razor](https://www.reddit.com/r/Superstonk/comments/yfww28/its_credit_suisse_dummies/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + Throwaway account because.... I dunno, stigma? + + +&#x200B; + +Am I crazy, or is anyone else's time and money getting swallowed up by over-the-top celebrations (birthdays, weddings, stag and hen do's)? I've hit a breaking point this week where I've realised I cant afford Xmas presents or anything other than basic food until Xmas because of my commitments to celebrating other people's milestones. + +It's not just me - I've got friends that have had a miserable summer, getting into debt because they're trekking from wedding to wedding. I've got friends that have had multiple expensive events for one milestone (birthday drinks, birthday dinner, birthday party, all for one person), or birthday weekends in other countries. And last year I was basically shuttling back and forth between here and Prague for stag dos. It becomes... joyless. + + +I'm now cancelling stuff I enjoy just so I can afford it all. Fuck knows how I'm meant to save for a deposit. Half of this stuff I don't even fucking enjoy, but I can't say no to my best mate's wedding, can I? + +But as soon as that invite drops through my letterbox, I know I'm down a grand. Stag do flights? £150. Hotel? £150 Food 'n booze? £200. Train to the wedding? £120 Hotel in the middle of fucking nowhere? £120. Suit? £80. Wedding gift? £50 Drinks? £50. Better than a night in the pub? No. + + +It's not like my friends can afford it either, and they're not even the type that are particularly materialistic or showy. I feel like there's this invisible force obligating everyone to very thoroughly celebrate a milestone, even if it becomes a chore. It's also fundamentally unsustainable – there aren't enough weekends in the year for us all to have a trip to Barcelona for our birthday. + + +&#x200B; + +So what's going on? Social media? Creeping expectations? Americanised holiday events? +Am I just a miserable git, or has this shit got out of hand? +It seems like investing in dividend-paying Canadian banks is quite popular (e.g, this [this recent post on this subreddit](https://www.reddit.com/r/CanadianInvestor/comments/rrlj6d/downsides_to_investing_in_cad_banks/)). + +I thought that [growth ETF in general outperform any dividend payer](https://www.reddit.com/r/CanadianInvestor/comments/jnvzsz/30k_in_tfsa_making_the_best_of_drip_growth_or/). So, is it different for Canadian banks because they have unusual growth and dividends, or is it just more of the same? Are they that exceptional, but at the cost of an overconcentration in Canadian markets and the banking sector specifically? + +That is, for someone younger with lots of time ahead, is it still better to go a 100% equity ETF like GEQT instead of ZEB (or the individual banks)? Is the recommendation to go for Canadian banks only useful if you're getting closer to retirement and want stable, consistent income? + +Although there are advantages to capital gains rather than dividends from a tax perspective, assume this is for a TSFA. +Interesting day today - lots of fear out there apparently that the stretched valuations aren't going to hold up. + +S&P down to negative for the year after starting off super hot. +https://preview.redd.it/1s2dv78pw4771.jpg?width=498&format=pjpg&auto=webp&s=55bfc6294370bf1e90a32829a97e3672e9f28b8c + +John J Murphy’s TA as misconstrued by u/Phlanoe + +# Post 3: Support and resistance + +&#x200B; + +We have seen so far that prices move up and down in such a way that they appear as a series of peaks and troughs as shown in the figure below. These peaks and troughs show where sentiment changes – where demand outstrips supply or vice-versa. These points of change in direction are called Support and Resistance. + +The peaks are called resistance. It helps me to think of it as my point of resistance, i.e. “Fuck off, I’m not paying that!” + +The troughs are called support – likewise, “Shit yeah, I’ll support them at that price! Give me a bag to hold!” + +&#x200B; + +https://preview.redd.it/fd3z21r1x4771.png?width=590&format=png&auto=webp&s=a4504f3285abab8a597d6e564edcab66d3c318e4 + +The point made by JJ in the description of this chart is interesting: Support levels can often be previous resistance levels in uptrends. In downtrends, resistance quite often matches earlier support. I was sceptical until I jumped into Trading View for a look. I’d recommend you do the same. It’s surprising, or not, depending on your view of the general population and their foibles (read idiocy). + +If you don’t have Trading View and are interested in chautism, I’d highly recommend you sign up. There’s the free version which I use and the advanced, boss level Trading View for full-blown chautists. I can’t justify the cost as yet but imagine I will at some point. + +It pays to have it, or something similar, as you can fuck around in there, back-test all this stuff, draw lines and see for yourself what all these different aspects look like in real life. Sometimes, things are initially hard to spot but gradually reveal themselves as your eye gets better. + +At this point I have to declare that I was trying to maintain a reasonable skepticism about TA. After playing with Trading View for a good part of Sunday, looking at LOTS of different companies (blue chip to pennies) long, intermediate and near-term, price + volume, support and resistance etc, I can actually see stuff and am finding it harder to be skeptical. + +OK, so identifying support and resistance in an uptrend is important. Each support and each resistance level *must* be higher than the ones proceeding. Should a support point be as low as a proceeding one, It may well be an indicator that the uptrend is over, you’re about to get sideways. If it breaches a previous support level, a trend *reversal* may be likely. You’d be looking for confirmation of either at this point. + +At the same time, every time a new resistance point is being tested, you’ll want to pay attention. Failure to exceed a previous peak is usually an early indicator that the trend could be changing. Again, you’d be looking around for confirmation that what you’re seeing is an indicator of a *reversal*. + +The figure below, JJ says, is a *classic* reversal known as a *double top*. + +&#x200B; + +https://preview.redd.it/r628ncalx4771.png?width=585&format=png&auto=webp&s=d38d4f580faf0c710c54c2f93ff52d2de5dd00fc + +As with many other things we’re learning, the inverse also applies. A pair of parallel support points at the bottom of a downturn can indicate a *double bottom* reversal. This would be confirmed when the resistance level between the two, parallel support points is overcome in the upturn following the second support point. God I hope that makes sense… + +All good so far. Support, resistance, reversal. Then JJ goes and chucks a googly… + +“When a support or resistance level is penetrated by a significant amount, they reverse their roles and become the opposite. In other words, a resistance level becomes a support level and a support becomes a resistance”. + +This hurts but makes sense when we consider the psychology behind support and resistance. + +**S&R Market Psychology** + +To illustrate, JJ divides “investors” into three broad groups: + +1. Longs. Those who already hodl +2. Shorts. Those already committed to sell +3. Uncommitted. Those either already out (sitting on their cash) or still undecided whether to be a long or short. + +To start, let’s assume our fictitious company, ticker NOB, starts to rise after flopping around flaccidly for ages. + +Long NOB holders who bought in at support are cheering, shit-posting like crazy and regretting not buying more. If NOB twitches, they will buy the dip coz free money is just grouse. + +Soon-to-be former NOB holders, (short NOBs) will no longer be holding their NOB and wish they did. They will also pray for a dip coz where Lambo? Need more money. Short NOBs want to get back in where they sold or lower in order to profit, not as is the ASX\_Bets way, at new highs. + +The uncommitted either never held NOB, paper-handed their NOB and are salty AF or are holding but freaking out that this growth is uNsUStaiNaBLe and are likely to paper-hand it. All will be praying for a dip to get back in where they were weak or at least, not at new highs – coz everyone wants Lambo. + +*Everybody* decides to buy the next dip. They all have a vested interest in the previous support. Should prices get close, a buy frenzy will take place and push prices up. The more FOMO and YOLO that takes place around that support, the more significant it becomes and the more interest is vested. The more interest in a support level, the more solid, and less prone to breach, it is likely to be. The longer it has traded (either resistance or support) and the higher the volume the more reliable. + +In this example, a price drop off an increase (resistance) creates new, firmer support. + +Now let’s look at the opposite. Imagine prices are falling and drop *beyond previous support.* The reaction becomes the opposite. All those that “bought the dip” of NOB realize that they are about to be new bag-holders. Stop losses trigger, BUy turns to SeLL, people panic and support flips to resistance. What may have been a solid level of support with good volume and duration now becomes an impenetrable ceiling of resistance. The more solid the support the more solid the resistance should it flip. Long’s, Short’s and Uncommitted’s combined behaviours guarantee it. + +***JJ asks us to pause at this point and reflect on why the chautist can reliably predict what may happen. It’s not magic  – it’s simply knowing people will reliably do the same thing again and again, usually expecting different results.*** + +TA works because it is a historically proven record of what idiots are *actually doing* in the market. Remember old Dow: + +*“The sum and tendency of all transactions represents the sum of ASX’s knowledge coz people are dumb c\*s and stupid is as stupid does”.* + +Or something like that. + +**Degrees of penetration** + +So we now know that support penetrated good and deep becomes resistance and vice versa. Check out the charts below to see what it looks like. I’d recommend taking some time again to go find examples in Trading View and analyse them at some length. It’s worth checking out the conditions leading to it and factors such as volume, duration etc. + +&#x200B; + +https://preview.redd.it/7gji1cyez4771.png?width=608&format=png&auto=webp&s=220fd8405633db67414e95c8a9f353f4d5da80a9 + +So what constitutes a significant penetration? Is seems it’s a matter of opinion. Some say 3% others differ. + +**The significance of round numbers** + +Because we are all a little special, round numbers have quite an impact on whether prices advance or decline. 10 is more attractive than 7, 8, 9 or 11. The same applies to 20, 25, 50, 75, 100 (and multiples thereof), 1000 and multiples thereof. No shit. + +They form price objectives and operate as psychological support and resistance levels. A clever chautist will recognise this and profit from it by selling his NOB at $0.095 before every other idiot does at $0.10 leading to a big dump in price. i.e. taking profit as an important round number approaches. + +The same principle applies when placing a buy order – you would hang a pip or two either way depending on what the other data tells you, if the round number is near your target price. + +For those of you that use stops: JJ says don’t place them on round numbers as a general rule of thumb. The round numbers are a bit magnetic and tend to draw prices in to them at very high volumes – for better or worse. + +He recommends stops on long positions just below round numbers and stops on short positions just above. + +**Trendlines** + +Now we get support and resistance, *trendlines* are the next, simple and logical progression. They are also one of the most valuable tools. + +I’ll admit I’ve always been deeply skeptical about trendlines. It always looked to me that you could draw a line from any support or resistance point to another to prove or disprove whatever stupid idea that came into your head. As has happened many times since I picked up this book, JJ has given me a clip around the ears and shown me how much I don’t know. + +Without further preamble, an up trendline is drawn up and right along successive support points. Down is right and down along successive resistance points. + +&#x200B; + +https://preview.redd.it/83p931ie15771.png?width=1220&format=png&auto=webp&s=789c10a51a990b5dbf76c610b51dc77e5e0026c6 + +&#x200B; + +https://preview.redd.it/3dl11zwf15771.png?width=610&format=png&auto=webp&s=8e041e6cf4b941076a5800522c31a0d991aa92fb + +Note the validity test. The correct drawing of trendlines, like most other aspects of chautism, is a bit of an art. It can take a few attempts and a bit of experimentation to get it right. You may have to alternate between arithmetic and log scales for example, to identify a trend and make the most of it. + +It pays to take your time, fuck around with it until you get it. + +Trendlines are handy because trends in motion stay that way until they’re broken. Draw a trendline, use it for all your buy/sells but once it’s penetrated GTFO. Because the aim of the educated chautist is to buy dips in an uptrend, you have a nice baseline to work from and a nice resistance indicator in a downtrend to help with pricing on the way out. + +&#x200B; + +https://preview.redd.it/4s6ri6kv15771.png?width=596&format=png&auto=webp&s=eddf40cbd83b71e8a27bf3eace6ae97d08cd4a87 + +The point of all of this is to make and take a profit and free up your bread to punt another day. There is nothing smart about becoming a bagholder. Once you see that trendline railed and you are ahead, bail if it doesn’t fit your long/swing/pip strategy. If it does hodl. + +At least you’re making an informed decision. + +Trendlines can be more or less significant. More if it’s been in motion longer and tested more than thrice. You’d trust one that’s been in play for 9 months more than one running for 9 days. The flipside: The more significant the trendline, the more significant a deep penetration. + +If you’re going to draw a trendline on a candle chart, don’t draw it at the day’s close price but at the range point of the day’s trading. It’s like a low res pic of Rose Byrne v hi res. You know which gives you all the info you need. + +So what if it’s only a tickle instead of a deep drill penetration and what if it happens intraday but doesn’t penetrate if you look at daily charts? Do I redraw my trendline, panic, sell my NOB? + +JJ says that closing prices beyond trendines are more significant than intra-day penetration – Barry would agree. + +He goes on to add that sometimes a closing penetration isn’t enough. Most chautists employ various time and price filters in an attempt to isolate valid information and eliminate white noise, or what he calls whipsaws. One example of this is to apply a 3% penetration criteria. He suggests this is useful for longer term trends. The idea being that a trendline being broken by at least 3% on *closing price* is a fair indicator of the vibe turning sour. + +He goes on to provide examples and indicates that 3% is not really appropriate for shorter timescales. There’s lots of whys and wherefores so I’d suggest you check out the fine print yourself and DYOR GALAH but the basic point is that on very short timescales, 3% is a lot and can be the difference between a win and a loss. The basic advice is, this is just one filter or tool, and there are many at the chautist’s disposal – don’t be in too much of a hurry to die on that particular hill. His advice is to apply filters to suit the scale of the trend, your timeframe and trading style. + +As an example of other filters, he offers a time filter. A common one being the two-day rule: To be a valid penetration, prices must close beyond the trendline for two successive days. Of course, all the above caveats apply. These filters apply equally to up and down trends. + +As discussed earlier, Support and resistance become opposites once violated – previous support becomes the new resistance etc. The same applies for trendlines. JJ says it’s worth extending old trendlines out to the right so that you can take advantage of this knowledge as time progresses and new data comes in. + +This has turned into a huge post – I apologise for that but it’s great info and a real fundamental of TA. It was worth getting it all in one go. + +I’m going to pull up there and say a little more on advanced concepts in trendlines next post. + +Catch you then. + +Edit: clarity +I just started dividend investing and I'm 14. I want to focus more on dividend growth more than the yield and I am wondering which companies have a good steady dividend growth rate. Thanks +>It's also spending $40 million to upgrade the facilities for employees, including new LED lighting and cafeteria updates, new break areas as well as parking lot security upgrades. + +>In addition to the Explorer and Aviator, the plants make Ford's Police Interceptor, an SUV modeled on the Explorer. + +>Ford is undergoing an $11 billion restructuring that will shrink its salaried workforce of 70,000. It is also cutting thousands of jobs in Europe, where Ford has struggled to maintain solid footing. + +https://www.cnbc.com/2019/02/07/ford-investing-1-billion-into-chicago-factories.html +Has the UK just been living beyond it's means and now economics and history are finally catching up to them? + +In late 2007 a pound was worth an incredible $2.04, how can that happen? Do people just have more faith in the UK generally than the US? +How can I best prepare us for this new chapter? What advice would you give? Please don't ask 'have you read the flowchart :) + +Edit: Wow I wasn't expecting such a massive response! Thank you so much everyone, there's some great tips here. It'll take me a while to go through them all but thanks again for taking the time! +Is it dumb to put the 150k I have in the bank into index funds to wait out the insane bidding wars in houses right now? + +To be a buyer in this current housing market gives me daily anxiety. I loath it. I don't want to participate in it. + +No option seems good. I'm looking for advice. + +I don't know if I would stay in the house I am buying forever or just one year as I'm in a relationship with someone studying to be admitted into a medical residency and we might have to pack up and move across the country for their job. But I also don't know if we're definitely staying together. The next year is the test to determine that. I am buying the house solo and I would rent it out if I had to move. + +Anyone have any advice on what to do with the money I have in the bank and/or if I should buy a house or not. + +Thank you +Look at the moves they are doing. Manipulating down the premarket pricing daily, trying to shut down the free markets so we can’t buy and only sell + +This stock is holding up against Wall Street trying to make this thing crash. And guess what? All their tricks AREN’T working! + +They know they are fucked. These are desperate moves done by people who know they are backed into a corner. + +We have them right where we want them, let’s finish this thing! BUY more if you still have funds available, HOLD if you’re maxed out like me + +- - - - + +Update - If you have a limit place to sell, please update it to $1,500 or higher. Sell limits in the hundreds are no longer the price target. Continue to update these, and keep in mind THIS ISNT EVEN THE SHORT SQUEEZE YET +&#x200B; + +Recently, Zoom (ZM) went up to 180, which gives it just a market cap of \~50B, even though the entire video conferencing industry is worth 6B. I assumed it was a temporary bubble and cashed out. But even after it dipped today to 150s, some people were saying they're confident it'll go back up and it wasn't just a bubble + +I'm wondering what sort of math they're using/what I'm missing, because I'm just not getting how a company can, in the long run and not short term, be worth 10x more than the very industry it's in, with PE ratio of nearly 2000. Even if Zoom doesn't get overtaken by FB or MS or whoever, the math doesn't seem right to me. Is there some other sort of figure or value I should be looking at? Do people think the video conferencing industry will increase that much due to coronavirus? + +edit: like, I get that because of market hype and word of mouth and FOMO, it can drive stock prices ludicrously high, but I always assumed those prices would plummet back down eventually. Is it possible to, say, have a company like Zoom that pulls 1B, with no foreseeable way to increase their revenue streams significantly more (at least not that I'm aware of), to still sustain a market cap of 50B over months and years? What sort of indicators are people trading on at that point? +Gaps in stocks happen when the market opens after being closed. + +And when the market is closed no trading is done. + +So shouldnt all the "bullishnes"/"bearishnes" from example some great/bad news be applied when the market opens and trading can be done. + +My question is how can investors push a stock price up/down when the market is closed? +I read a statistic that the 1% own half of all US equity. Would this allow them to manipulate the market in their favor? I.e prop it up when they want to, as well as have it show a downturn when they want to? +https://www.cnbc.com/2019/08/15/japan-surpasses-china-as-largest-foreign-holder-of-us-treasurys.html + +Japan surpassed China as the largest foreign holder of U.S. Treasurys in June. + +Japan has $1.12 trillion Treasury securities, and China, $1.11 trillion. +The FED has lowered rates for 40 years.... + +For 40 years corporations issued new DEBT and paid off old DEBT. Investment banks became rich over this time. The Investment Bankers were paid huge bonus's for years to do this. And now... everyone has debt... + +USA has $30 trillion at the Federal Level + +China $7-8 trillion. + +See as rates went down... nobody anywhere actually paid off any debt - they just issued new debt - to pay the old debt - + +And what really drives me nuts is... my cucumbers are up more than 50% this year. The FED talks like a .25bps rise will actually hurt us? + +Let me tell you something - the consumers and people have been dealing with crazy high inflation for a while now - but the FED can't handle a .25% raise... + +The economy will work thru a rate raise - its the FED who can't - + +[Rates went down for 40 years...](https://preview.redd.it/lt7hvz3ckqn81.png?width=1732&format=png&auto=webp&s=e1146caf2bcdb715e72e086a3a67947a68ae5590) + +Once the FED raises this entire fake money scheme comes to an end... I wrote about it last week and how T owes $150bn or so in debt... The DD is below and goes in to the debt problem in more detail in my typical smooth brain edit... + +[https://www.reddit.com/r/Superstonk/comments/t98ws3/usa\_has\_a\_corporate\_debt\_problem\_which\_is\_a/](https://www.reddit.com/r/Superstonk/comments/t98ws3/usa_has_a_corporate_debt_problem_which_is_a/) + +Any rich Billionaire sitting in a $100 million mansion probably sold a tone of shit somewhere that they don't want to cover/close - heck they closed down the LME Nickel trade for a week and nobody even caressssss.... + +So all of this DEBT has piled up around the world and thats the DEBT super cycle that all the DD writers talk about... Thats the fixed income bubble thats gonna pop.... All of that money is going to be transferred to GME - because GME is the first to get paid when everything goes belly up - + +Over the last year - Financial Firms and Market Makers kept shorting GME - even as much as 75% short in a day - last week - in fact, they are shorting it as much as ever. People all around the world, have not stopped buying. + +APES... are registering the shares in their own name - They even have a public count that shows how they are doing. And Ken and Friends kept shorting... The people who oversee Ken and CO - let them keep shorting - And now the debt is due - + +But if the fed doesn't raise today - they can essentially can kick another month... and your gas and food will go up more - and you'll spend less on wants - and your economy will crash - but... those billionaires will get to keep their mansions... + +spread the word... + +**Citizens get beat the f### in every cost - recently they passed the rising gas cost on to us - the FED cant raise rates .25% is all the confirmation I need that this market is being propped up - more on that below.** + +[**https://www.reddit.com/r/Superstonk/comments/tdamv6/the\_fed\_pump\_is\_not\_working\_anymore\_quantitative/**](https://www.reddit.com/r/Superstonk/comments/tdamv6/the_fed_pump_is_not_working_anymore_quantitative/) + +Yesterday Saudi's mentioned working with the Chinese in oil sales... I think this is a warning to the FED - tighten up your slop show or we cant take $$$$ in the future.... + +GME is just $6bn... GME isn't jack sh7t... they have trillions and trillions of dollars in debt - someone needs to get paid - and someone is going to be forced to sell... + +Because GME is a short position it gets closed first - before anyone else is paid - it makes it very SR - + +tagging for speculation - I dont have time to proof read for semantics - DRS your shares before they screw you 2. Theres no way they have enough. Thanks APES!!! + +MOASS incoming... + +Hopefully we destroy this unlimited balance sheet crap once and for all + +Also bonus RC tweet idea - he is actually confirming that the GOV is cracking down on short sellers??? I guess it could be inferred both ways - oh Ryan... why you always gotta do us like that lol +3 months ago, my card info was stolen and I saw a $3,500 deduct from PayPal. In short words, someone used my card to withdraw over $3000 to their PayPal account. I immediately canceled the card and called PayPal. + +Well, PayPal said they couldn’t do anything and told me to file a dispute with my financial institution, Wells Fargo. I called them, and filed a fraud dispute to which I received a mail today saying that the transaction was made by me?! This was clearly a mistake so I called them again, and they said that the decision is final and could not be changed nor appealed. I even went into their in-person branch and they couldn’t help me. + +Someone please! Help me! $3,500 is a large amount of money to me! I make $10.50 an hour and I can’t afford to lose this much! +I'm familiar with enough of the basics of ETFs to feel comfortable with investing a little in them, but there are still some things that aren't clear. + +1) Do all ETFs rebalance regularly? + +2) How often do they rebalance? Are they required to at all? + +3) How common is it for an ETF to have shorts and puts in a specific stock? How does an ETF rebalance when they have done such things? + +4) Where can I find info on which ETF has longs, calls, shorts, and puts in which stocks? Is that information even available? + +Thanks in advance for any and all answers! +http://recode.net/2014/04/14/amazon-says-no-to-accepting-bitcoin-maybe-to-building-an-amex-or-visa-competitor/ + +The article says that "we’re not hearing from customers that it’s right for them and don’t have any plans within Amazon to engage bitcoin.” + +Can you launch a campaign to change this? Let's do something! + +From ARK Invest's Twitter: + +>CNBC may have a 40 minute time horizon, but ARK's is 5 years. Thanks for having us on CNBC, we're happy to pay for your upgraded Zoom account. You can't be a knowledge worker without it! 😉 + +This is after Cathie Wood's 40-minute interview on CNBC earlier this morning. During the interview, CNBC's Zoom Account showed a timer warning that their 40-minute mark for their free Zoom subscription call was about to run up. + +Zoom is one of the largest positions for Cathie Wood and has been one of her highest conviction names according to recent videos +Edit: Went through some investor presentations on Invitation Homes (I believe black rock owned) and provides great data. Additionally provides available inventory to browse through with rents and exact addresses. I’m planning to use a webscrapper to pull all that data on a periodic basis but need figure out how to do that, project for a latter day. Other REITs mentioned here likely have similar data, thanks for the feedback! + +I’ve been trying to find data on areas where investment funds have been buying homes across the US but can only find articles that buying has increased by institutional investors. + +The reason I think this would be useful is that, from what I’ve read, they are buying in areas where there is long term growth opportunities and strong price to rent ratios. While I am not looking to buy now it seems like a good way to piggyback off of their due diligence when the market turns. + +Any resources/first hand experiences would be much appreciated! +So, here I made a losing trade just moments ago. My stop was triggered while I was having breakfast. I didn't look at my phone twice nor did I complaine or rant about it. It's not hurting like it used to 5 years ago when I set feet in this path; as a matter of fact when I saw my stop order trigger earlier, it didn't even interrupt my breakfast. Why am I telling you this? Because this kind of attitude is what I've been training myself for and you should be as well. I see people here posting rants and complaints to show their anger and despair when they're losing and celebrating when they win. A professional just don't do that. They just don't. If you're one of those who celebrate the winnings (myself included months ago) that just shows how much you still have to learn! Doing that is like seeing a dentist celebrate after filling a cavity or a meth cheff celebrating a high-purity yield on a batch that they just cooked. You get it right? So, focus on execution and don't get too emotional, is the moral of the post! +My fiancee and I are interested in moving into a bigger 2 bed 1+1/2 bath apartment from our current 1 bed+1 bath. Our gross annual combined is about $106,700. We are able to live pretty comfortably with our current rent, which is about $1760/mo (including utilities+internet). The apartment we're interested in is $2000, but with utilities it will probably cost around $2120/mo. We live in NJ and our move in date is October, which is a little far out but there is a high demand right now so we wanted to get a headstart on looking. Would we be able to afford this rent given our salaries? + +We are also not interested in buying at the moment because we want to save some money for our wedding and not have to worry about a down payment. +According to [Wikipedia](https://en.wikipedia.org/wiki/Economic_Complexity_Index): + +>The **Economic Complexity Index** (**ECI**) is a holistic measure of the productive capabilities of large economic systems, usually cities, regions, or countries. In particular, the ECI looks to explain the knowledge accumulated in a population and that is expressed in the economic activities present in a city, country, or region. To achieve this goal, the ECI defines the knowledge available in a location, as the average knowledge of the activities present in it, and the knowledge of an activity as the average knowledge of the places where that economic activity is conducted. + +Australia ranks very low on this index. It ranks 87th out of 133 countries. + +This implies a few concerning facts about our economy. It implies a lack of diversification and a deep sense of complacency leading to a lacking impetus to build fundamental knowledge. Instead of building fundamental knowhow, we are going after low hanging economic fruits, such as: + +* Mining naturally occurring resources +* A housing "industry" that revolves around inflating real estate prices to the point that our citizens cannot afford a home +* Marketing mediocre university programs to international students and charging exorbitant prices + +Do you foresee Australia improving its standing? Is Australia taking the proper steps forward? +☕️ MoonBrew ☕️ | $MBREW + +!! Join us on telegram for a giveaway announcement tonight! !! + +☕️ Just launched on BSC. Big marketing push upcoming. + +The MoonBrew team is creating a token with real world goals to help bring to market the first Crypto backed Coffee! There is also a liquidity tax of 5% to ensure the longevity of MoonBrew. + +☕️ The team of seasoned Developers and Community Managers have been working to make this project a success and there are lofty plans to bring this thing to the moon and sustain it. There are videos available of the owner who is very dedicated to this project. + +☕️ MoonBrew works by taking a 10% fee on every transaction. That fee is broken up into 4 parts. + +💥-1% will be diverted and donated towards operational costs. + +💥-5% will be added to liquidity. + +💥-1% will be redistributed to holders, + +🔥-3% will be burned. + +This unique and exciting dynamic has been set up to ensure a long-term and sustainable project. + +☕️ MoonBrew roadmap includes: + +💥-Setting up the webshop + +💥-Professional Marketing + +💥-Partnerships + +Tokenomics + +Total Supply: + +Max buy: 3% + +SLIPPAGE 11-13% + +A portion of every transaction will be sent to Brew, liquidity, redistribution, and a portion. + +📲 Telegram: + +https://t.me/moonbrewofficial + +✅ Audit: + +https://twitter.com/MoonbrewB/status/1402743943163432965 + +☕️ Twitter: + +https://twitter.com/MoonbrewB + +☕️ Medium: + +https://medium.com/@moonbrewcoffee + +☕️ WhitePaper: + +https://www.moonbrewcoffee.com/whitepaper + +🥞 Buy on PancakeSwap: + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6e5616f1a717faa1404ec6d6ed1767c17ed40142 + +Contract: 0x6e5616f1a717faa1404ec6d6ed1767c17ed40142 +Hi guys, + + +It is a sinking feeling to know that I have lost around 26k USD in forex till date. This is almost 12% of my current net worth so it is SIGNIFICANT. +I understand most retail traders lose money in forex, so shall I pull out of it? +Editing to put this up here: \*please\* PM for more specific information than is included in the post. With the nature of Reddit being a wonderful but weird place I'd prefer at the very least to have certain things kept off of a public post. Thanks for understanding :) + +\--------------------------- + +Hi everyone, I’m a relatively recent first time home buyer (November 2020) in the US who got bit by the real estate bug and just closed on a house in Italy (north of Torino) a little over a week ago. From what I’ve gathered there are plenty of people interested in doing this but not as many confirmed closings so hoping this will help some folks out there who are interested in taking the plunge. + +Numbers will be at the bottom of this post. + +Background: I’m single, not made of money but with a decent income, and I got an amazing deal on a condo in the bottom of the pandemic market. I’ve always wanted to have a first home and then one second home/investment property somewhere. Initially I was thinking in New Orleans because I have a lot of family there, but as we all know the market is crazy- and besides that it’s really not that easy to come up with the money for a second property. + +Simultaneous with this consideration, I had been hearing for the last couple of years about the €1 houses being sold in several towns in Italy (France and Spain too I think) with the obligation to fix it up in a set amount of time. I had decided to take out a HELOC to finish renovations on my place (I bought it well below what market value had been just before the pandemic and sales had gone way back up again, so I decided to tap into the equity) so I began to also consider renovating one of these properties. + +Now, the renovation on my place in the US started a year ago now, so I was also wary of trying to oversee a major rehabilitation across an ocean while I’d only be able to be there part time. So additionally I started to look at habitable fixer uppers that were a bit more expensive but didn’t need quite as drastic of a project (or have the time constraint to rehabilitate). After looking at listings in various places in the country, I realized that I could actually buy a place in good condition for less than €100k. So I narrowed down my search area and started looking in earnest. + +The purchase process: I decided first and foremost that I needed to have legal representation in Italy. I interviewed several firms who specialize in assisting foreign buyers with the process. They all offered comprehensive services but I ended up going with one specific to Italy that also has a US office (the others did several EU countries). I also did my research and reached out to confirmed clients to pick their brains about the services they received. It’s a leap of faith to pay someone you’ve only ever met on zoom a retainer, but I also found the attorneys’ legal registration in the Italian database, so everything seemed kosher (if it didn’t work out I’d be out the €2500 deposit). + +I had a legal assistant functioning as my case manager/buyer’s agent and we did the typical meet and greet/assess what my wish list was. Despite the internet saying that foreigners can get Italian mortgages, they advised me that in practice this is very difficult to do. So I set a hard upper price limit of €90k cash for everything related to the purchase (sale price, legal fees, closing costs including taxes, wire fees, etc etc etc). She had offered to search for properties for me and come up with a list (this is what they typically do) but I had already narrowed my list to three (really it was two that I was deciding between) properties. + +So we scheduled some virtual visits for these properties. For me it was between one house that had an amazing veranda/view and another house that didn't but was in my ideal location (just on the border of Piemonte/Valle d'Aosta). I had my realtor/good friend join me on these calls just for an extra set of eyes. Once we got halfway through the visit of the latter house I knew it was the one I wanted to buy (what can I say, when I make my mind up I make my mind up!). + +Side note on visits/general agency structure: in Italy, aside from with foreigners, it is not typical to have a buyer and seller agent, but to have one agent for the property. Both sides pay that agent their commission, and it is typically a fixed rate, not a percentage of purchase price. There is also VAT on just about everything (including the commission). In my case though, the law firm acts as a buyer's agent in every way that we in the US/Canada would consider them. + +So once we got off that call (I stayed cool while the listing agent was on so I didn't show all of my cards) I told my law firm person that I knew that this was the house I wanted- as long as I could visit it and it passed inspection. Another note: the real estate market in Italy, especially outside of major cities, is not at all like it is in the US. It is entirely normal for a property to be sitting on the market for months or even years, especially in covid times, and it is generally expected that the list price will be negotiated down. + +So I had a flight scheduled to Italy for about ten days later, and in the meantime had my law firm draft a formal offer and set up a surveyor visit (this is essentially like an inspector- though not as comprehensive. they are licensed by the locality and are focused on the habitability and structure of the property). I knew this would essentially be an "as is" purchase, as most are in Italy. While drafting the formal offer she also had a conversation with the listing agent to feel them out. Right off the bat he agreed to reduce his commission from 4k to 3k, and indicated that the price was negotiable. + +So I advised them to draft an offer contingent on a successful surveyor's visit that I would attend (so I could see the property/town). In the drafting process they also conducted an attorney review period/research on the property, which included pulling municipal documents/certifications on the property, They found that it did not have a certificate of habitability at all. This was because the property was originally a ruin (built in the late 1700s) and gut rehabbed by the seller (who inherited the property) but there were a couple of things they never finished. So everything was permitted but the final certification had not been carried out. + +Luckily as soon as they were alerted to this (even before receiving my offer) the seller agreed to resolve all discrepancies at their expense. They knew I was a serious buyer because I offered a deposit about 5x the normal amount, and as the house had been listed for a while (I found a google earth snap from 2017 with the for sale sign up!) they wanted to move on it. So they even paid for the surveyor's visit. + +So fast forward a couple of weeks later, I attended the surveyor's visit and everything checked out (and I still ADORED the house/location/everything). We had not formally submitted the offer yet as they were still doing research, but it was formally completed and translated by my lawyer within two days. The listing agent (who I had met and told him what I would accept as a final price) met with the sellers and we agreed upon a price. So we were under contract! Woohoo! + +Ok, next. I transferred my deposit to the seller's bank account and we finalized the purchase agreement. It had extensive contingencies that I would be allowed out of the contract if anything involving the certification/legality of the property were to not pass. This was around February 10th, and the surveyor indicated that he thought we could get all the paperwork done by the end of the month. Unfortunately (not surprising) it wasn't until mid march that that was completed, so we scheduled the closing for April 8th. + +I had already signed over power of attorney (which involved notarizing the document in the US and getting it apostille'd) so that the law firm could close on my behalf, but as luck would have it I had a gap of a few weeks in April without much going on so I planned a trip here just before closing so I could attend. + +Once we got all of the certification documents back I was given all of my final numbers and sent a butt load of cash to various accounts in Italy :) note: Wise (formerly TransferWise) is THE best and cheapest way to do international transfers. I also began researching homeowners insurance (which apparently is not common in Italy, but I'm too risk averse not to carry it) and got in touch with an English speaking broker. I got a policy with Generali (one of the biggest insurers in Italy) which covered all of the usual things for €330/year. I also, in the meantime, got my internet account opened and the listing agent assisted me extensively with getting everything set up. + +I flew over and arrived in the region the day before closing, and the listing agent had gotten the sellers to agree to me taking the keys that day. So bonus, I slept in the house that night. + +Closing: closing is conducted by a notary in Italy, who is similar to a lawyer and certifies the legal complaince of the contracts/deed transfers/etc. This is different from the American concept of a notary. This functioned similarly to a title agency, in which I sent the bulk of the purchase price to the Notary's account for security in case something went wrong with the closing. Then basically we (myself and the law firm assistant/my power of attorney) went to the notary's office along with the sellers and the listing agent. The notary read out the contract (similar to the reading of a will), asked if we had any objections, and then went out of the room to sign off on things and produce my certification of deed transfer (I will get the actual deed itself in a few weeks). And then- boom- I'm an Italian homeowner! + +The sellers were absolutely lovely and have been immensely helpful in making sure everything is ok with the house- for example, the hot water wasn't working when I first got here so they came over the following morning and got it to work. We will be transferring the water/electric bills this coming week. + +Note to everyone: Google translate is an absolute godsend. + +Some stats: + +The house: listed for €75k, purchase price was €65k. house is 160msquared, 3bed/2bath. The entire inside of the house is new, along with the roof/foundation/systems/etc. If you picture a tiny little alpine village with cobblestone streets, that's what my town is like. The house still needs some finishing touches, including a kitchen faucet, bathroom sinks, interior doors, and a stair railing. I'm meeting with a contractor this week to get all of this done. + +Listing agent commission: €3k plus VAT (20% I think) + +Law firm fees: €5500 plus €450 for the representative to travel to the closing. This was worth. every. penny. And included everything pre purchase that you can think of. They also offer post closing services for things like utilities, taxes, setting up internet, etc, but I've managed to figure out most of that on my own and with the assistance of the listing agent. I will eventually be getting a property manager (will figure that out at a later date) to oversee the property when I'm not here. My plan is to spend half fish time here and rent it out very occasionally during the other months. + +Notary's fees: included payment to the actual notary (plus VAT) as well as transfer taxes: €4900 + +I'm sure there are helpful things I'm forgetting, so please feel free to ask away! Please PM me if you'd like contact info for the people I worked with. + +Hopefully this very long post has been informative! Have a great week, y'all. +I ask this because all of the investing sub reddits I follow keep saying, "the next down turn is around the corner". Is it though? I would say that what the Fed has already done was pretty irresponsible. Whats to prevent them from continuing to pump up the markets and continue to see ATH? I am not trying to get politial. Just from an investing stand point what is actually going to make the markets go down if everytime bad news is produced, the Fed prints more money? Its like inflation has hit the stock market. How does a bubble actually pop if we just continue to pump it? +Good Morning Everyone, + +After a few hundred questions on this last night I thought it would be easier to link this here + +[T+69](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/) + +This was written a while back and was used as a tool to predict incoming volume due to FTDs it was moderately successful, I think because the data used to determine the outcome date was derived mostly before GME FTDs, after the rebalance in June most FTDs were in ETFs and so it proved to be a less effective indicator. While it still tracked GME FTDs well the ETF FTDs were more numerous and on a different settlement pattern. + +It's also 69 calendar days from the November peak this Monday 1/31/22 + +https://preview.redd.it/tuwopv4imfe81.png?width=1519&format=png&auto=webp&s=96850126f98ea5ec722ae2e5b1a71088ad7b7cd4 + +[and 69 calendar days from the august peak was when our ETF FTD run kicked off leading into Nov 3](https://preview.redd.it/3eri2rwzmfe81.png?width=1525&format=png&auto=webp&s=1f29425fc4d0279ecf0ee8cefdb226bfd25c32e2) + +this is in line with our ETF FTD expectations this quarter + +[ETF FTD pile-up expected Feb 1-8th](https://preview.redd.it/7rkqexvyofe81.png?width=2456&format=png&auto=webp&s=b908cd4ad565b25229305a87a37ae2591a143f59) + +**Yelyah2's Update** + +[\\"DN down to $100 now, but pressure is definitely starting to build up with this drop. The combined gamma\/vega\/delta hedge would add \~1.2m in shares purchased with a 5&#37; rise and an additional 2.3m with a 10&#37; rise. GME has popped a few times, but suppressed straight away, too fast to get the impact of hedging. GME really just needs a good day of an increase to catch this hedging wave\\" - yelyah2](https://preview.redd.it/xot7egesnfe81.png?width=909&format=png&auto=webp&s=5489a89aba700f507e0dc4c323a677d1f6e9e865) + +**TLDR from me;** + +Delta Neutral is continuing to follow price action down as call options become cheaper and are being held long term, we are seeing yet another delta sensitivity spike build up. The shorts can't run away from upside risk forever and if it can sustain a breakout into close a serious amount of hedging will need to be done. + +**DIX Pics** + +[DIX is getting thicker](https://preview.redd.it/5uwz6lscpfe81.png?width=2483&format=png&auto=webp&s=570de05de73ecfcc4a89a0eb43c71ca3a084b3ee) + +**Conclusion:** + +They are still driving asymmetric risk to it's breaking point and with the large influx of ETF FTDs coming in the next couple weeks, it may be the final straw. They have synthetically shorted, and used ETF creation to it's limits and retail only buys more. The pressure is mounting, and their synthetic short positions are approaching zero hour. Like a rubber band the further they pull the greater our potential energy, that delta sensitivity is the kinetic energy when that rubber band is released. + +HODL + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# Aftermarket + +Nice EOD run closing us out exactly + 4.69% for today. Still large numbers of FTDs being settled on relatively little price action. Hopefully next week the flood of ETF FTDs will finally apply the pressure needed to get this thing going. Thank you all and have a wonderful weekend. + +\- Gherkinit + +https://preview.redd.it/8pa6o577uhe81.png?width=744&format=png&auto=webp&s=f49b01b77542af7a6b8a6aab36de05ebe787e1bb + +Edit 4 1:51 + +Still trying to break 95 , large number of ITM puts sold off could maybe seeing some of the downside pressure relieved + +https://preview.redd.it/8gafkpkb6he81.png?width=1516&format=png&auto=webp&s=9da2772f3e870a2eab7d1be8478c7b4e5ed29662 + +Edit 3 12:04 + +GME pushing for it's second test of 95, holding this uptrend from the earlier bounce + +https://preview.redd.it/n8r9ea74nge81.png?width=1514&format=png&auto=webp&s=2c49cb14fff054fbc8e6d856b5d552a369715522 + +Edit 2 11:13 + +Well that's nice + +https://preview.redd.it/cmzzdgh3ege81.png?width=1507&format=png&auto=webp&s=321a61bd8670ef2e2fc6890e8eaff2d484b53095 + +Edit 1 10:45 + +Just ~~shorting the fuck out of~~ discounting GME all morning, basically all shares borrowed, Quest trade borrow rate now at 3%. Recovered at $87 solidifying a double bottom on the daily. + +https://preview.redd.it/v9btrxd99ge81.png?width=1510&format=png&auto=webp&s=58c2942808f45bb26c3cee4e04b72ed64703706f + +# Pre-Market Analysis + +Up about $.50 from market close but still locked in this low channel under 100, I think their best bet is to keep those puts at $100 in the money until close, they will likely exercise them today in order to offset the losses from the theta decay. This creates positive buy pressure next week, but let's them hold those hedged positions right into close today. + +Volume: 38.43k + +Max Pain: $109 + +Shares to Borrow: + +IBKR - 300,000 at 1.3% + +Fidelity - 8,217 at **1.0%** (borrow rate is up) + +TTM Squeeze + +https://preview.redd.it/z2emhtpyrfe81.png?width=2455&format=png&auto=webp&s=61ada0fff2810bb938f6952fc9f4e65f54e6b235 + +CV\_VWAP + +[Arbitrage is getting pretty volatile](https://preview.redd.it/5jaopho6sfe81.png?width=2454&format=png&auto=webp&s=8143daac1cf0f0c129b155f6bba4c38f13fb04b8) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +California, USA + +I filed my state and federal 2013 in 2017 within the 3-year deadline. My federal refund was large, 5 figures, due to an electric vehicle credit. + +I had a situation with my former employer who gave me a signing bonus of $10,000. Taxes were withheld and the check I received was for $5,612.00. Neither the signing bonus nor the taxes were reported on my W-2. Is wage theft as sexy as tree law? + +I spent about a year emailing back and forth with people in the company and they seem unable or unwilling to correct the situation. I contacted the Department of Labor Wage and Hour Division, they said they don't deal with things like this. I contacted the IRS, they said that they don't take reports about tax fraud (seriously). I contacted several other federal and state resources as recommended by the various departments I spoke with. Eventually, I ended up in a loop of referrals with every department directing me to a department that already said they wouldn't assist. + +I gave up on the company fixing this and lost all faith in government enforcement of the law. I filed my taxes anyway so I wouldn't miss the statute of limitations on claiming a refund. Under the advice of the IRS, I + +* filed my taxes using a 1040, +* a 4852 Substitute for Form W-2 that reported only the bonus at the full $10,000 and listed the various withholding amounts that I was provided with using an online calculator, +* an 8936 Electric Drive Motor Vehicle Credit, +* a 2106-EZ Unreimbursed employee business expenses (professional expenses, unrelated to the bonus), +* a 4562 Depreciation and Amortization (also unrelated to the bonus), +* a letter describing the situation, a image of the cancelled bonus check, calculations showing how I estimated the withholdings on the 4852, a copy of my employment offer that stated the signing bonus amount, proof of employment dates, and a printout from the online calculator that showed the estimated withholdings that matched the exact amount that was withheld, +* and, mailed to a different address, an 843 Claim for Refund and Request for Abatement. + +Everything was mailed certified mail with return receipt. The return took many months to show up in the IRS system. Then I was not processed for a long time and IRS agents said they needed more time. Then after about a year, without notice, the IRS closed the file due to them claiming the taxes were filed many months past the SoL. + +I remailed everything from above with an additional second letter now explaining why I was mailing them in again, the certified mail proof of mailing and the proof of delivery return receipt from the first submission of the taxes, the certified mail proof of mailing and the proof of delivery return receipt from the first submission of the 843, and a copy of the 843. The IRS agreed that I had submitted the taxes timely and started to process them. + +Months went by and every several months I would receive a letter stating that the IRS needs more time to process the return. It's now been about a year since the resubmission and about 2.5 years since the mailing of the original submission and I still don't have my refund. + +The IRS says to keep waiting. Nothing appears to be happening with my return. The IRS won't provide any details if the delay is because they are finally pursuing the company that. + +1. I'm unsure if I will run into another timelimit that will allow the IRS to never issue my refund. +2. I'm unsure if I should file a form or letter to help expedite my refund. +3. I'm unsure if I should be contacting a CPA or attorney to handle this matter. +4. I have been issued a state refund but the refund amount was lowered due to the FTB removing the bonus paid and taxes withheld from the amount, should I contest this? +I'm so sick of people telling me to not only want to go into IT for the money, and instead choose something I like to do. Since covid, finding a job that I am passionate about has become very difficult. I feel like it shouldn't be looked down upon, pursuing a career just for the money it brings, because some people just want financial freedom more than anything and that's ok to want. + +Am I thinking too much and change my job or should I stay worth my current job? + +If you could get your dream job with an ideal salary, What would it be? +\*\*Not Financial Advice\*\* + +**EDIT: THANK YOU ALL FOR THE AWARDS, NEVER SEEN SO MANY OF THEM AT ONCE! + + +I did a post just last week to remind ppl to be careful with selling TSLA calls due to its "high IV" or "contrarian play". + +Posting another friendly reminder on TSLA - seems like a lot of FOMO to go long now. + +Market cap jumped by $100B on Oct 25, then another $100B on Nov 1. The increase for these **2 days** is equivalent to COST market cap. The increase from the last **2 weeks** is 40% or \~$400B. + +Usually, parabolic move is followed by deep corrections, not saying a correction is here soon - I don't have a crystal ball. The price can go up and then go down :) + +If you feel the urge to FOMO, ask yourself why 2 days increase in market cap justify to be more than companies like COST, INC, MS, and many others. + +Happy trading and stay safe. +So I make sound 26$/HR and I live in a low cost of living area (small town in South Carolina). I'm at the top of my pay ill never get another raise or cost of living raise again unless I get promoted. My question is should I be looking for another job? With my partner back at work we can afford for me to take a pay cut and still have all of our bills covered plus extra to put into savings. I have been at the same company for 7 years and I am next in line for a promotion but it could be years before there is another opening. Would it makes since to stick it out until then? +What should we discuss or do to be able to go 50/50 on owning this property without ruining our friendship? + +The property isn't too expensive or anything so it is hard for us to justify spending extra thousands on just having an agreement written up. + +Can we just write up our own outlining things like financial expectations, roles and responsibilities, how to settle disputes and whatnot? +Edit: So thanks to /u/Cerlancism for pointing out that you can actually hover over the number of upvotes the post has and it will tell you the % upvoted (on desktop). Still way more subtle and out of sight than it was before, idk if it works for mobile, and that is the sort of thing to be removed very easily with even less fanfare. + +Edit: Ok so it's been several hours and it seems permanent (for me and a couple others who have commented). This post contains an observation which I editorialized by tying to GME (how it will make driving narratives easier). But this seems to be a new feature that will likely permanently replace the %upvoted stat (time will tell). If that happens, it will effect reddit as a whole. Furthermore, much of my observation of narratives is not isolated to GME but this is the community I am active on and which seems to be the most tuned in to this sort of corporate/PR interference with online discussion as GME has been the target of a "[short and distort campaign](https://www.investopedia.com/terms/s/shortanddistort.asp)" for months/years. + +And if you are from all and think this doesn't happen on reddit, you probably weren't around to remember how well known gboob, who made a career out of explaining reddit to corporations, used to be. He isn't alone and the corporations don't pay reddit consultants for fun. + +It must have worked for Youtube, so they are applying it here, though reddit has messed with obfuscating post karma in the past. + +\----------------- + +This change plus that recent "REDDIT rEAlLY nEeds to gEt RiD of PoSt HisTorIES" posts are going to drive two massive changes that will make it way easier for shilling specific narratives or brands. + +The fact that parade on wall street is banned from being linked sitewide, for supposedly "vote manipulating" while literal ads are sitting at 3k upvotes exactly almost permanently (which is obvious evidence of vote manipulation) just further my certainty that reddit is being primed for Wall street control (even more than they already are). + +&#x200B; + +Edit: for those who don't see why this matters - upvote downvote percentage can be a good indicator of bot activity pumping or suppressing a topic. + +Also, I'm on desktop and I use Brave with no reddit extensions and it says "x people here" + +Others are reporting differently in the comments - this is just an FYI. Edit: I feel that this is likely due to a progressive rollout of a new feature, just like what happened on Youtube. + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/883zux7wzq981.png?width=742&format=png&auto=webp&s=3e71c67ea2f58978071a3524a8df0cffe219f8fb + +Edit: 6:42 EST -Still not seeing the %. Also you can totally disagree as to how important this is, just thought it was worth sharing. + +https://preview.redd.it/hrxpc9o5cr981.png?width=711&format=png&auto=webp&s=11c8ef8a8dd3cf9fb61c85a199b364b3a41888e9 +There's currently a misconception floating around that anyone who has not registered their shares with CS once the MOASS hits will be left with "fake" shares that they won't be able to sell when the time comes. This is not correct and needs to be reiterated. Because bad actors might use this perspective to try and convince people to sell their shares now "because you can't participate in MAOSS anyway" - which is bullshit. + +The whole point of registering at CS is to *kickstart* the MOASS. + +But once the MOASS hits, *all short positions need to be closed,* by buying back shares on the open market. And for purposes of closing a short, it does not matter, *it is irrelevant*, if that happens by buying back a synthetic share or a registered share. + +So even if you own only synthetic or "fake" shares, your shares *will* be bought back to close short positions *at the price you choose.* You will not be left behind. + +Having said all that, please, please register your shares at ComputerShare if you are at all able to. It is vitally important, because no-one will be buying back your shares until we trigger the MOASS first anyway. +I'm a dog owner. I LOVE dogs. But I have a dirtbag tenant who hasn't paid rent since 2019. He has taken FULL advantage of the moratorium. We don't have a court date until almost June. He has 7 VERY aggressive pitbulls that he probably uses for fighting. Is there ANYTHING I can do legally to get this tenant out or remove the dogs? It's against city rules to have that many dogs but everyone is so lame-duck these days that it seems the police wont do anything about it. +I (30, M, US) after making 40k or less my whole life just got a job (software engineer) making 95K/yr. I have no savings, no retirement, and no investments but I also have no debt as I didn't go to college and have only had $500 limit credit cards. What should I do with my new income? Thank you! + +Edit: Thank you all so much for your advice, insights and well wishes!! + +I thought I’d also share a project of mine that hopefully will be helpful to someone. https://postsecretvoicemail.com +We Are Nasty is a f$&%king decentralized token on the Binance Smart Chain. The team is currently working on the development of NastyFans, a pay-per-view adult content platform where users pay creators with $NASTY. Below are some features to expect from the upcoming platform: + +&#x200B; + +* Top-notch user experience similar to the video-sharing app TikTok +* Content creators can push their promos by giving a free sneak peek of their content which will be featured on our homepage +* Private profile videos that can be accessed by users as a paid service + +&#x200B; + +* Currently at 780K market cap +* 10% tax on entry 24% on exit + +&#x200B; + +Contract: 0x006DF576e2Eb243B42D79b64c8e07928234c5faF + +&#x200B; + +**F$&KING TOKENOMICS:** + +&#x200B; + +* Total Percentage 1,000,000,000,000 +* Burn + dx sale fees 10.00% +* Team 4.00% +* Marketing 5.00% +* Private 15.00% +* PreSale 40.00% +* Liquidity 26.00% +* Total 100% 1,000,000,000,000 + +&#x200B; + +* Presale per 1 bnb 2,000,000,000 +* Listing per 1 bnb 2,000,000,000 + +&#x200B; + +* Tax for buying is 10% +* Tax for selling is 24% + +&#x200B; + +👨 Dev is undoxxed but did a KYC with Passive Income PSI so when some sketchy shit happens—which it won’t—they have all the dev’s personal information that is ready to be released in this whole space any fucking time. + +&#x200B; + +Join the #WeAreNasty Army! Swear all you want but bring your manners with you! + +&#x200B; + +TG: [t.me/WeAreNasty](https://t.me/WeAreNasty) + +Website: [wearenasty.io](http://wearenasty.io/) +So the title is kinda click baity, but its true. I came about $100k and right now I am about to graduate college and I am really considering buying a duplex and living in it whiling renting out the other half. I have zero knowledge about real estate or anything in that realm. If anyone could please recommend some tips, or some books that I could read, or even some useful knowledge, that would be much appreciated. Im trying to make the best out of my 20's by making smart financial decisions for my future. +&#x200B; + +https://preview.redd.it/6tv9n2023k971.png?width=1600&format=png&auto=webp&s=e7d41e9b0472d64c3baaf515a68cbcc405748dbb + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/jvbsr1y33k971.png?width=680&format=png&auto=webp&s=9fbe18b287ea334f1c04e92f0e7045ed390c7c0b + +The reverse repo's + +&#x200B; + +https://preview.redd.it/8sc0ui1c3k971.png?width=688&format=png&auto=webp&s=95f0c1236f6cef31bb3bdabf8d75eeb00df90ac2 + +seems like the weekend was a quiet one for change + +# Peek-a-boo! I see 103M hidden shorts + +u/WhatCanIMakeToday made a thead [here](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +His post goes into checking the married puts/calls action, worthless OTM married puts are to hide short interest and Deep ITM calls are to hide/reset FTD’s and after Feb 1'st they went up quite a bit. + +It's an interesting read and idea that they indeed try to hide their short position with deep itm/otm married puts and calls. + +&#x200B; + +https://preview.redd.it/dwnri9mr7k971.png?width=720&format=png&auto=webp&s=a8230fbd2f2721f046cd82064813d5aa4398a0c7 + +# The apes of the group + +u/zedinstead made a list of all the apes and what they do in the sub, it's good to keep this aside just in case it ever becomes useful for you, it's ranging from dank memelords to people who post TA. + +the list can be found [here](https://www.reddit.com/r/Superstonk/comments/oek6xl/im_just_a_guy_that_likes_the_stock_and_likes_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[no one is quite sure what it means...](https://preview.redd.it/fnvsu0qt7k971.png?width=1080&format=png&auto=webp&s=0bcd8e88f5e621def441bf0f802f8cb50648843d) + +# US stock falling down + +[https://www.afr.com/markets/equity-markets/goldman-sachs-predicts-us-shares-to-begin-falling-20210705-p586yf](https://www.afr.com/markets/equity-markets/goldman-sachs-predicts-us-shares-to-begin-falling-20210705-p586yf) + +Now goldman is predicting that the us shares will fall soon, now isn't that a thing 🤔 + +But wait there is more. + +Reuters is reporting that our current situation isn't unlike other situations we've had before, mainly the crashes, but this time it's worse. + +[https://www.reuters.com/breakingviews/chancellor-this-time-isnt-different-scarier-2021-06-03/](https://www.reuters.com/breakingviews/chancellor-this-time-isnt-different-scarier-2021-06-03/) + +(also this is written by Edward Chancellor not THE chancellor) + +And the Zoltan also saying there is danger on the horizon + +[https://www.wsj.com/articles/credit-suisses-zoltan-warns-of-trouble-ahead-in-money-markets-11625391002](https://www.wsj.com/articles/credit-suisses-zoltan-warns-of-trouble-ahead-in-money-markets-11625391002) + +&#x200B; + +Now if I were a wrinkled ape, I would think this spells out danger for the banks/stockmarket in the months to come. but I know I'm smoothbrained at best + +https://preview.redd.it/y531tywu5k971.png?width=596&format=png&auto=webp&s=45cccf8065baa9b34f39fae309f98b623d3c4762 + +&#x200B; + +https://preview.redd.it/baxpq78f6k971.png?width=4096&format=png&auto=webp&s=68a0f9c52e856430c184eb047357e7047b4b3544 + +Daily Short volume by [https://twitter.com/Annihil4tionGod](https://twitter.com/Annihil4tionGod) + +&#x200B; + +https://preview.redd.it/2ou631tk6k971.png?width=4096&format=png&auto=webp&s=b1e0d6893c41344d53aaca658ca4650b2557ae63 + +# RC's tweets are timed with ETF FTDs + +u/dentisttft also has a theory that he might need some more eyes on, because perhaps this one holds true, and we can fill in the blanks were needed, or it's false and we can see why. + +Either way it's interesting as hell to think about and think that there may be something there + +You can check out his thread [here](https://www.reddit.com/r/Superstonk/comments/oeahh2/rcs_tweets_are_timed_with_etf_ftds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/xk1lno7y8k971.png?width=799&format=png&auto=webp&s=648c8daad71b0bb7ecfadcf5f02fafa80b30f7ff + +# Technical TA math stuff + +u/MOSfriedeggs made a TA, which shows mostly bullish signals, and even something that's even more rare then we normally see in TA **Historical Volatility Percentile** signal was given off last month, meaning we could see some big rips in the coming weeks. + +Check out his thread [here](https://www.reddit.com/r/Superstonk/comments/od7swq/wen_moon_10_endgame_final_ta/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/pmfn665z8k971.png?width=554&format=png&auto=webp&s=8be07f86f0a4a67e9bb3e2c28dabc2258eee5bdc + +# 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. + +https://preview.redd.it/g6z3wh119k971.png?width=400&format=png&auto=webp&s=dfb1c6d1204518d6404068c60ddc2cb7a54cd0b3 + +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; + +Edit 1: + +Gamestop continues expansion of their fulfillment network + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility) + +&#x200B; +What books, speakers, videos, etc helped for you to understand? + +More importantly, for those who didn't learn while living with parents/being supported, how did you do it while working a 9-5 and supporting your life? + + +Not my work - copy and pasted from loopringorg sub Credit u/PresenceSalt + +I have been doing some research on the GitHub leak that was first posted on [SuperStonk](https://www.reddit.com/r/Superstonk/comments/qnrmxx/more_leaked_github_code_confirming_lrcbased_nft/) some days back, and every piece of evidence supports that it's an actual change made by a loopring dev in support of a potential partnership between GME and LRC. + +For reference, I am talking about this code: [https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23](https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23). + +***To explain, I'll be using some git terms here like:*** + +* **commit** = In simple terms, whenever some code is changed, it is issued a new ID, which we can be called a commit. This is used for version control and if something bad happens we can quickly jump back to the last ID (or commit). +* **fork** = copy the whole source code to a different account to independently work on it. +* **repository** = The root where the whole project is saved. + +***First of all let's look at why people think it could be fake or a fabricated commit:*** + +1. **The commit is not a verified commit:** A verified commit means that the user who is making this commit is an actual user and not spoofed. This serves as an extra layer security that the source user is genuine - but it's not hard requirement. This means even if it's a real user making a commit, it may look unverified. [This article](https://blog.gruntwork.io/how-to-spoof-any-user-on-github-and-what-to-do-to-prevent-it-e237e95b8deb) explains how this is achieved and how to push verified commits. The important point to note here is the date it was committed: **October 26th, 2021**. +2. **This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository:** On top of the page, it mentions this line, which essentially means that Github couldn't establish any links of this commit to that of actual Loopring's codebase. + +***Now after doing some research, I have a story on what might've happened here:*** + +1. [windatang](https://github.com/windatang) pushed the commit on October 26th, giving it the name of **"NFT feature".** +2. Soon she(or he?) realised the mistake and tried to undo the changes. But GitHub is wonderful. It always maintains the history of everything that pushed. Even if you undo it at your end [Source](cannot link source Superstonk rules - just trust me bro it’s there. But once the commit is undo'ed, it will show "This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository" on top of that commit, because in GitHub that commit still exists, just that its not linked to anything. +3. Now the only option was to delete the whole repository, which they did. But GitHub doesn't delete fork repositories, so we still have that repository under Bachopin's account: [https://github.com/Bachopin/loopring-web-v2](https://github.com/Bachopin/loopring-web-v2), which btw is a loopring developer themselves. +4. Fast forward to November 2nd, windatang pushed [another change](https://github.com/Loopring/loopring_sdk/commit/e92e8189501063494222cbae60a5fb93baa2157a) to official loopring SDK giving it the name of "**NFT feature"** (ring a bell?)**.** This is a real commit, made by a real user to official loopring's code. +5. If we look at the changes and specifically what it's trying to do we see patterns from our original leak. For example, the code where they are trying to fetch NFT URI is the same in both code: `const result = await contract.methods[ 'uri' ](_id).call();` +6. There are a lot of similarities between the two codebases which points to the fact that the code on October 26th was pushed as a part of a demo (given it contains the word *demo* and how unorganized the code is), and on November 2nd, the code was officially made part of loopring's SDK which will be used by GameStop. + +**TLDR:** The GitHub leak was definitely legit because that code is now part of official Loopring SDK. + +Edit: added Credit to main body text. +During the start of the pandemic things got really hard, I was working at a restaurant and was doing alright, +I was newly sober and started making changes to my life. +I am now doing side gigs on my own and left the restaurant business. +Side gigs are slowing and I want to make more money to sustain myself and rebuild a savings account. +My credit score is 517. +What worked for some of you when it comes to improving credit scores. +Also how do I successfully get rid of credit marks that are old and somehow still appearing on my credit? +Thanks for the advice and feel free to ask more questions. + +EDIT 1 +I forgot to mention I have $1200 until my vehicle is fully paid off +I am also switching cellphone providers because AT&T is outrageously priced for the +Mediocre service + And last but not least thank you everyone for your input. +I didn't see any posts on this here, so I thought I'd post this here for discussion. Here is a link to an AP article about this: https://apnews.com/article/us-supreme-court-courts-supreme-courts-health-coronavirus-pandemic-157f6feec3197dd34cba492fd1b92f71 + +I don't like this personally as this means that a similar event could potentially happen again. Letting tenants steal from landlords (e.g. living in a place without paying for it) isn't good policy, in my opinion. +**BACKGROUND, CAN SKIP:** I worked a job for a decade where a hostile take over led to a massive payout. At the time this was enough to FATFIRE in our MCOL but after the market turmoil....Probably not (literally sliced in half). Furthermore, I was in the best shape of my life and ended up gaining about 40+lbs in a year, significant other left me despite the windfall, and I have no real passions. To make things worse, I had a serious injury that set me back mentally and physically and hospitalized me for a bit. I am now just recovering... + +&#x200B; + +**QUESTIONS:** I am obviously not the same, however, I have no career to return to as my path was insanely specific middle management. Sure, I could go back to being a drone but I don't want to do that because my skills have atrophied so much during my Do Not Compete and I'm still at a very liveable safe withdrawal. I fear pursuing an inbetween job, such as a barkeep, because i fear it will only leave me more insecure or 'comfortable' with it in these dicey times. **I am in grad school but not doing well at all.** **My father and family simply doesn't understand an extended break (are they right?) and are deeply embarrassed when people ask what I do, despite the years of 'buffer' i have to say the least**. I see my family regularly, and all they ask (understandably) is what are you doing with your life???? At times, I have though have becoming one of those reckless IG world traveler types just to have an excuse, that is how bad it is. I don't love post-grad school but it is a challenging and promising field. Personally, I just want to get back into shape the best I ever have, but that's impossible to explain to someone. I am interested in taking public speaking classes, even dancing, or life coaching but don't even know where to start.... I am also withdrawing from medication which must be kept a secret and is excurciating. Could I buy myself time by just saying 'I'm working on a side hustle?". **What on earth do you guys do to avoid 'what the hell are you doing with your life' at a younger age? Thanks you for any critical input.** + +&#x200B; + +ps this is my burner should probably get verified by mods bc this is my most frequented sub... +This is going to be a long wall of text with a funny awkward experience that I had. It highlights the stark difference between expectations and reality when it comes to hiring a personal chef. + +I posted here a week or two ago asking for advice on how to go about hiring a chef. It wasn’t a hugely popular post, but I did get a helpful suggestion to look for people on thumbtack and try them out. For context, I’m used to hiring people (think engineers, PMs, UI/UX designers, animators, scientists, etc) at my job, but this was new for me in my personal life. + +So first of all, the people advertising on thumbtack aren’t exactly rockstar chefs or paragons of professionalism. If you’re lucky, they might have an old school Wordpress site with some blurry photos of burgers and airport-lounge looking food. I found the most promising candidate was a guy whose recent food pics didn’t look particularly inspiring.. but he did have a video of him competing in some culinary olympics in his younger years. I figured maybe he hadn’t entirely lost his passion and I’d give it a shot. + +Ok so cool, I reached out and we scheduled a video chat. I figured I’d remove the guesswork for him and made a long list of food-related things that make me happy: ingredients, meals, restaurants, cookbooks, chefs - all of it. Then we had a discussion and agreed on a couple of things: (1) he would prepare the food at his place and bring it to me (because pandemic) (2) he would label the food with the calorie counts and (3) this would happen at a twice per week cadence. He mentioned that he once worked for the ceo of a telecom and the nutritionist had him exactly weight out all the ingredient to calculate the macros so calorie counts wouldn’t be a problem. The immediate name drop and something about the way he talked about the client was a first little yellow flag. + +Actually coordinating his first trial cooking session somehow took more than 15 emails. There were logistics changes: he realized he can’t accommodate the cooking from his home kitchen and I offered the shared kitchen in the rooftop lounge of my condo building. Then he wanted to arrange a site visit. A few emails about gaining entry to the building. Emails about making first doing a baby step trial run. Emails with a sample menu asking me to pick a couple items. Clarifying emails stating that I didn’t pick enough items - maybe I want a couple more? + +Anyway, finally he did a site visit and it got weird. More context - I live in a modern downtown high rise. The lounge is a bit on the bougie side, the views are very nice, but really it’s nothing too crazy. Immediately after the visit the emails turned extremely deferential. Along the lines of thank you so much for giving me the opportunity to cook in that wonderful kitchen, I’ve seen some things in my career but this would truly be a highlight of my career, etc. Oh no. + +I got concerned and checked out his professional social media profile linked from his website and there was an uncomfortable article about wealth gaps and the service economy that he was interviewed for. Not good. + +The sunk cost fallacy kicked in at this point. Ok so maybe he’s a bit weird, but I’ve already answered so many emails! I don’t answer that many emails even for big projects at work, but here we are, 15 emails deep. So I gently remind him that he still owes me a quote and he sends it over. Along with a very long wall of text asking me to imagine a future where he serves me personally while I sit at a table on my rooftop admiring the view, promising to make home mode foie gras, complimenting my amazing food palette, etc. + +You guys, there are so many red flags but I can’t just leave it here. I’m going to try it. He’s coming by on Monday and cooking some stuff. If I don’t get murdered, I’ll post an update. + +Edit: I’m female, on the younger side, and live alone while the chef is older and male - this might amplify my sensitivity to social weirdness. + +Edit 2: I’m in Seattle, which isn’t at the NYC or Bay Area level when it comes to the culinary scene. +Highlights from the RBI announcement + +1. Repo rate cut by 75 bps +2. Reverse repo rate cut by 90 bps +3. Banks, NBFCs to get 3 month moratorium on all loan payments +4. Definition of "credit default" relaxed +5. Deferment of interest payment on working capital +6. CRR of all banks to 3% - for 1 year +7. Claimed additional liquidity of almost 3.75 cr +8. "All instruments - conventional and unconventional - would be considered" +9. "Banking system in India is very sound" +10. Some internal dates on reserves postponed to provide additional liquidity + +This does not capture all the announcements... +This is a cautionary tale. I decided to focus almost exclusively on selling options during 2020 to see how it went. I’d say it was a worthwhile experiment, but for many reasons it showed me that active trading like this is a poor use of time and resources. + +___ + +UPDATE Dec 22: currently at $280k in my account, mostly from selling CSP on ABNB at the right times and riding volatility and volume on it. So that gets me closer to $150k in gains for the year, with about $32k in total commissions and fees, so net ~$120k. + +I also forgot to mention that I took a $37k @ 0% interest cash advance on a credit card to juice my buying power, so that means my ROI is even sweeter, at around $120k on $210k, or 57%. Not so bad after all. + + +—— + +Canuck here, so no RH equivalent for free trades. + +I use questrade and have been meaning to switch to interactive brokers for months, but kept telling myself “I can’t take a break for even a week, I’ll miss out”. + +Well after looking more carefully at my October statement, I’m mad at myself and ready to miss out for a week while things get transferred over. + +My gains would have been far more impressive but I fomo’d into a pltr trade 2 weeks ago and lost $24k (I ask for neither pity nor scorn), and I’ve had a few massive losers since July, missing any one of which would have had my account an extra $100k higher. + +___ + +Edit to add account value for context: + +I started the year with about $95k in the account and deposited about $150k over the year, for $245k in contributions (the majority of that was added in June/July after big losses). + +I’ve withdrawn $80k, paid $30k in fees, and have $210k in the account as of today. +So that’s around $75k of gains before fees. + +Fees (as of November) were 40% of gains. That’s appalling. +Return before fees of 30% is pretty good, but net of fees is barely more than 18%. Also kind of appalling, considering all of the work and stress. + +Had I just held my goddamn tech leaps I’d be up 200-400% for the year, easily. +I’d say that pursuing theta and wheeling was a mistake for me. + +If even just one of the massive losses I took hadn’t happened (between $60k-115k each on zs, MSFT, dkng, pltr) then things turn around significantly and maybe it would have been worthwhile. + + +if you’re even remotely invested in crypto, it has been a frightening ride this past week. Sleep has not been easy to come by, but at the least, you’ve probably been watching the beautiful bounce that’s happening right now in the markets. + +It seems we’ve finally found support and are trending upward and with massive news still rolling out daily for $HAPPY, it’s no wonder that it’s been exploding with the rebound. +Just last week, HappyCoin was sitting at a mere 10M mcap, with a whopping 50,000 holders still actively supporting the coin. While some early whales exited during the panic, tanking the price further, **the community doubled down on their positions**, creating rock solid support levels for the project. + +Why? Because $HAPPY is an insanely good find, with a talented, doxxed founder, who actually delivers on everything from their BULLISH roadmap in a sea of shitcoins (more on this below)**.** + +Consider that even through the dip, he’s been out in LA meeting up with **Jesse Wellens** whose locked into the project with his **10.7M Subscribers on YouTube**. Check out their socials, it looks like they’ve been hard chilling. + +You might also notice **Jesse is friends with a recently rebranded Snoop Doge**. Can you connect the dots on what might happen here? + +It’s no wonder yet another **dev doxxed for Happy**, even during a crash, as there is no token out there with as bullish of an outlook. + +**Bilaxy is coming this Friday**, and **Bitmart** is rolling in at the end of the month. It’s going to be hit after hit after hit and when you see BTC at $70k since that’s what the chart is telling me, (scarily similar to the last bull run) you can’t even imagine where $HAPPY is going to be. +I mean, already if you had bought the dip you’d be over double your money, but there’s still time to catch this before it goes another 10x. And we all know China FUD is always a big nothing burger and there’s way too much exposure for anything to stop this crypto train from rolling. +So join the telegram, the discord, watch their live streams where they have **donated $140,000 live to mental health / illness organizations in the past 3 weeks**, and enjoy as more influencers and exchanges pile on one of the fastest growing tokens in all of crypto. + +[Website:](https://thehappycoin.co) +Has anyone made it big from a large sum of inheritance that was invested properly by yourself? + +I always hear about the hard and smart workers in here which is great. + +But let's hear about what your families did to really set some of you up, as I'm sure that's everyone in there's goal to do for their kin as well. +Hey guys! I have an account with coinbase for 3 years that they locked me out with no reason. I have made tickets, attempted contact via Twitter and Facebook. But it seems they are only answering through here. However I need karma to post on their page, otherwise it just gets deleted. Can you guys help me get some karma so I can bring my concern to r/coinbase + +I have three cases open; +03049257 +03169165 +03083311 + +Please guys, I need to get access to that 600 to buy Christmas presents. Thanks!! +Disclaimer: I am one of the lead developers on this coin, having previously been a developer on Dogecoin (2013-2014). Everything I say here will be extremely biased, as I am directly involved with the coin, and obviously would directly benefit from it's success. Never take financial advice from anyone on reddit, especially from someone involved on the project they're talking about. Always DYOR, and Ape in safely. + +--- + +---- + +**Dogira** - The Low-down +---- + +--- + +* **Low Marketcap Token; currently < $21mil in Market Cap** + +* **Currently in the middle of a $100k Marketing Campaign!** + +* **Plans for coin integration/event rewards in [Split or Steal](https://store.steampowered.com/app/1162930/Split_or_Steal/), a game launched/owned by myself which hit #1 in Steam last year.** + +* **Officially Partnered with Feed Every Gorilla, with 4 million Dogira tokens being allocated to FEG's staking pool** + +* **Not an Anonymous Team - Project Leads are doxxed.** + +* **Roadmap released, offering detail & timeframes on our Native Blockchain Gaming & NFT ecosystems.** + +* Grew to this level organically - only recently listing on CoinGecko, CMC, and our first two CEX Offerings. + +* First Investment NFTs sold out in 10hrs - generating $35k for our CEX Listing fund. + +* New Investment NFTs dropping soon! + +* Core Team are active, friendly, and well-versed + +* Only 100mil tokens, of which 87mil are in circulation + +* Audited, and approved by War on Rugs (additional third-party audits currently being secured) + +* Community are super friendly and engaged - very reminiscent of old Doge. + +--- + +**Dogira** - The Official Stuff +--- + +--- + +Site: https://dogira.net (new!) **Telegram, Discord, and Buying instructions can be found inside here!** + +Subreddit: /r/Dogira + +TX for DexTools/Uniswap: `0xe9bd6ddc2b13f46715382f74534950e004399d10` + +Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +CMC: https://coinmarketcap.com/currencies/dogira/ + +CoinGecko: https://www.coingecko.com/en/coins/dogira + +--- + +Our next major goals following the end of the current marketing campaign will be to roll out onto the V2 of our token, which is currently in development. This version of our smartcontract is being built specifically to aid us with our goals in developing Native Blockchain Gaming solutions, alongside enhancing our NFT/Token ecosystem, which has already added so much value to Dogira in it's current, far more basic state. + +We've just gone live on HotBit today, which has caused some massive volatility at our low market cap - spiking to almost $1.50 per token at the open, before cooling back down to the average pricing over the last few days ($0.20-$0.30 per token). This comparatively smaller token price is still up around 10x from one week ago - and given; + +* Our current tiny market cap + +* Over 10% increases in holders day-on-day as per ethscan + +* More AMA's being scheduled across the International Communities (Next scheduled with CryptoIZ, an Indonisian Telegram community with 31,000 members) + +* Immediate Plans for event rewards in [Split or Steal](https://store.steampowered.com/app/1162930/Split_or_Steal/) + +..we're looking at the upcoming few days with a lot of excitement. + +--- + +As a reminder: I am a core member/developer with the Dogira team. Everything in this post is as biased as it can possibly be. I don't only like the coin, but I also contribute to it, and am vested into it. Always DYOR, and never accept **anything** you read on reddit as financial advice. +https://np.reddit.com/r/LifeProTips/comments/61pfte/lpt_if_youre_ever_called_by_your_banks_fraud/ + +> I got a call from someone claiming to be from fraud department of my bank over the weekend. The call showed up on my caller ID as US Bank which is how I have it saved in my contacts. He said there was a fraudulent charge from American Airlines and I was on that their website booking a flight about an hour prior to the call. For a moment I thought it was legit but then he asked for a pin #. Just be careful because the caller ID makes it seem real. The actual fraud department said they have seen this multiple times with the caller ID showing as the bank. :/ +So was doing a little research (watching The Big Short) and thought I would peek at the status of the commercial and residential markets... + +[And boy is something ripe....](https://i.redd.it/xqobk4nbcpv81.gif) + +Pictures are on the weekly timeframe of 5 ETF's that track different mortgages (Commercial Mortgages and Residential Mortgages and their values). I tried to visualize it from the last 6-7 years. [Here is where I pulled them from](https://etfdb.com/etfdb-category/mortgage-backed-securities/)... + +[No big deal....Just over 12 months of decline.](https://preview.redd.it/sumq2szocpv81.png?width=1686&format=png&auto=webp&s=26b5fd62866df095afd7f58a45bb6369974da219) + +[Uh oh....Commercial Real Estate has been turning for last 8 months...](https://preview.redd.it/zdivfuzocpv81.png?width=1696&format=png&auto=webp&s=c9178230253a04de0dfb5846544da3f87ecf44eb) + +[I dont feel so good...](https://preview.redd.it/2rzzgqe3pqv81.png?width=1672&format=png&auto=webp&s=fc82dbbd17eca0f86fbf097d5170351885db6887) + +[I gotta call my mom....](https://preview.redd.it/dj9rxwzocpv81.png?width=1680&format=png&auto=webp&s=fd0b58fa6dbceadf9a57cf9bc06c1ccf7311449f) + +[💩💩💩💩💩💩💩💩💩💩💩💩💩💩💩](https://preview.redd.it/y0vh0szocpv81.png?width=1642&format=png&auto=webp&s=7f97f8c58f21ebf87871126657e56779ff6abf87) + +This moment is occurring now at the same time globally and in almost every major market…instead of just residential homes like in 2008. + +Residential MBS + +Commercial MBS + +Student Loans (SLABS) + +Auto Loans + +Basically any debt you can imagine is being reshuffled and hot potatoed with the big boys until they can find some idiot to hold it for them when the nuclear bomb actually implodes. + +But how could this happen again? + +How could there be such a large upcoming nuclear bomb imploding on the financial system? + +&#x200B; + +[Again.](https://i.redd.it/lckrbwfhepv81.gif) + +If only there was a way to protect yourself from this disaster...something with massive idiosyncratic risk maybe? + +[How? Buy & DRS GME. Get Astronaut helmet. Wait for launch.](https://i.redd.it/css0n1lxdpv81.gif) + +I am screaming to everyone I know and it continuously falls on deaf ears...when I happen to get something that somehow breaks through to some, I like to share it just in case someone else is having issues getting through to those around them for what is coming. I did get a few more responses when I sent them the graphs of mortgages and reminded them of the 2008 clusterfuck and how it happened. + +Then I send [this direct link](https://www-us.computershare.com/Investor/#DirectStock/Summary?IssuerId=SCUSGME&PlanId=SPP1&sv=t) to computershare and GameStop to try and make them drink because this might be the last time I can lead these donkeys to this lunar oasis. + +Fucking Hell...all it may take is 1 share to insure one's entire net worth. I just hope this might shake some other people awake too. + +https://preview.redd.it/to7unrulfpv81.png?width=2850&format=png&auto=webp&s=20f493ee9cd294f76663bc7cfd86899e04045a23 + +["The Big Short" - Jenga Scene](https://www.youtube.com/watch?v=3hG4X5iTK8M) \- For those that need full context. + +&#x200B; + +***Edit:*** + +If anyone can tell how SWAPS and CDO's are valued on any of these MBS or SLABS we could see if [this scene](https://www.youtube.com/watch?v=DQ5VfKSYvSk) has occured yet? + +Obviously no one is wanting morgage bonds anymore, how about CDO's? How are those looking? + +Does anyone want anyone's SWAPS yet? + +[Are we financially inside of Mulligan Capital currently?](https://preview.redd.it/x5f992mmkpv81.jpg?width=1334&format=pjpg&auto=webp&s=053a91913b752b17f8d39ea74b2ac5d98920a741) + +More wrinkles could help see if there is a way to track the price quote history of these weird financial derivatives. +tldr; I'm an algorithmic cryptocurrency trader with my own cross-exchange trading platform that is performing *well(ish)* and I'm looking for ideas, partners, investors etc to help me push it forward. + +I've been trading cryptocurrencies programmatically since 2016 with some success. For about a year I made a modest living executing arbitrage trades across mostly fiat pairs using a bot hurredly hacked together in my spare time. As time went on the margins got lower and lower and eventually I turned the system off as it just wasn't profitable enough. I wasn't sure what to do, so I went back to my career in finance while I considered my options. + +Skip to the present day and I have rebuilt everything from scratch. I now have a cloud hosted (GCP), fully functional trading platform and have some new algos that are running unsupervised 24x7. The platform is far from finished of course, and like all non-trivial solutions to non-trivial problems: it has bugs, both scaling and performance problems and has a number of unfinished features. However, it does *work*, and cruically: it's stable, performant and reliable. In the past 12 months it has traded over $4m (roughly 40,000 executed orders and 100,000 fill events), and 99.9% of these orders are generated by my algos. + +I don't do arbitrage any more, though I may resurrect that algo as my exchange fees come down. My new algos are a little more sophisticated and they seem to reliably make a small profit (between 0.1% and 0.4%). I have a number of ideas cooking away for more algos, I'm just finding it difficult to manage my time. Both the platform and the algos need a lot of work and I only have one pair of hands. + +I'm actively trading on 18 exchanges and adding a new one roughly every couple of weeks. The system records and reports every order, trade, balance change, transfer, fee etc in real time using the APIs offered by each exchange. Each new exchange presents a new set of problems. Some are easy to integrate and have fairly sensible APIs, but some definitely do not. Some exchanges have helpful support, some defiantly do not. Some of the APIs change over time, some do not (although sometimes I wish they would). The more exchanges I add the more difficult it is to keep the system behaving in an rational manner. Some exchanges are so bad, though a combination of API and support, that I've had to blacklist them. + +With every exchange so far, and for varying reasons, I've had to implement both the streaming (websocket / fix) AND REST APIs in order to get a working solution. Exchanges don't typically do a great job with their APIs - some are astonishingly poor IMO, and have been for years. Some *reputable* exchanges do completely miss some really quite basic features. Some are internally inconsistent with things like error reporting. They all report fees differently and the way they charge fees varies greatly (some don't report the trade fees at all). Each exchange of course has it's own symbols for currencies and markets, and they also change over time (typically as a result of forked blockchains: BCC -> BCH -> BCHABC...). Some use different symbols between their own REST and websocket APIs. It's not uncommon for exchanges to delist markets, but surprisingly common for them it ignore the impact on users when they do so. It's also not uncommon for exchanges to delete your old orders after they close, but some exchanges will delete your trade data too after a relatively short period of time (good luck doing your tax returns). They all employ different strategies for rate limiting. Some have helpful metadata API calls, but most don't. And of course the API docs are often either missing, misleading or blatantly incorrect. Exchanges will routinely close markets, or suspend deposits and/or withdrawals of a certain currency (which has a huge impact on prices). The good ones with have API calls that reports this data, but there are very few good ones. I could go on but you get the picture. + +My application currently trades around 50-100k USD per day, and I'm planning/hoping to scale this up to 1m USD per day in a year from now. + +At any one moment it's managing about 100 to 300 concurrent open orders. The order management and trade reporting is the thing I've probably spent most time on. Having an accurate and timely order management system is vital to any trading system. My order sizes are relatively small and I have a pretty solid risk management system that prevents the algos from going crazy and building up large unwanted exposures. Having said that, the number of things that can go wrong is large, and when things do go wrong they tend to go **VERY** wrong **VERY** quickly... usually while I'm out walking the dog. + +I measure and record pretty much every aspect of the system so that I know when and where the time is being spent. Auditing is key. My system isn't what you'd call lightning fast right now. I don't think you would want to use it for high frequency trading. But I firmly believe that knowing where the time is being spent is over half the battle, so that's what I'm focusing on right now. Reducing latency and increasing throughput are always in the back of my mind, and although I've never intentionally designed the system to be fast, I make sure not to do anything that would needlessly slow it down. + +The platform itself is built on asynchronous messaging. It is backed by a cloud hosted SQL database and (apart from the database) all components have redundancy. It's running on a hand made cluster of 12 low cost servers, but much of the workload is distributed to cloud functions. It costs me a few hundred USD per month but as I scale up I expect that to scale up accordingly. + +I have a fairly basic front end (I'm not a UI person at all) built in react and firebase that I use to monitor and report the state of the system. It needs A LOT of work, but functionally it does what I need right now. I can see my orders, trades, portfolio, transfers etc in real time and I can browse and chart the market data that the system is collecting. One feature it has that I am very pleased with is the trade entry form for manual trading (its surprisingly nuanced). + +I only trade on spot markets right now, so other markets (derivates, lending etc) are not supported. Until I have an idea for a algo that trades in these markets I won't be adding them. And currently I only trade on the old fashioned, centralised exchanges. + +I'm writing this because I'm looking for ideas, partners, investors or even customers. I think the system has value, and it's time to move to the next level, whatever that may be. If you have an idea for an algo, adding them to the system is trivial now and if we could work out some sort of profit sharing I'd be keen to discuss it (and happy to sign an NDA of course). Feel free to reach out to me privately if you want to discuss anything. +[https://www.marketwatch.com/articles/vanguard-sp-500-etf-fee-cut-51551457258?mod=bnbh](https://www.marketwatch.com/articles/vanguard-sp-500-etf-fee-cut-51551457258?mod=bnbh) + +$VOO Expense Ratio Lowered from 0.04% to 0.03% + +Congrats to all you Bogleheads -- the most boring investment just got a little cheaper. +Before COVID, we had talk of overvaluation of prices and that a correction was due to come. Then we get hit with the pandemic and everyone hits "Get the f**k out" on their investments + +Few months later, it roars back to comparable levels and now we're all expecting another crash + +What if this is the new normal? - people willing to pay higher P/E and if levels sustain and the economy catches back up in line with current expectations reflected in prices, it could possibly not come back down to March '20 levels again + +Is this noise gonna disappear and prices crash or will we have continued gains despite the situation based on optimistic expectations? + +(Yeah we all don't know for sure, but what do we expect?) +[Original post](https://www.reddit.com/r/UKPersonalFinance/comments/7y3vp1/i_won_1_million_and_feel_completely_out_of_my/) + +I promised after all of the advice that I got with my original post that I'd provide an update. I apologise that it's been a little while, but as you can possibly imagine it's been a little bit of a wild journey for me. Sorry if this is a bit long. + +The first thing to say is that Camelot have been fantastic. I was worried that they would introduce me to financial advisors pressuring me into buying lots of products that I didn't understand. I could not have been more wrong. + +The man from Camelot really stressed the importance of taking things at my own pace. He got me in contact with someone at my current bank who set up a "hidden" bank account for me that wasn't visible to the branch network, and the money got deposited in there. He also arranged a meeting with some representatives from other banks and funds who could offer advice and services. They were really good at just clearly laying out what their products or services were without any hard sell, and again emphasised taking my time and thinking things over. + +Because I had questions about giving money to my Mum anonymously, I was also put in touch with a solicitor with specialist knowledge in the area of gifts and inheritance. She was really nice, and said that it's common that people want to keep their win secret but help put family members, but explained that large anonymous cash gifts just attract suspicion from a tax and law enforcement perspective, and so practically there wouldn't be a good way of doing it without telling Mum. She also helped me write a will, which felt very weird but also means Mum will be sorted if anything happens and that I won't be inadvertently helping Dad drink himself to death. + +I then spent a month going through various sources of information and making a plan. I bought a couple of books (Graham and Hale were the best reads, thanks for the suggestions), and poured over posts here and on moneysavingexpert. I reviewed my budget and decided to keep it the same essentially for the time being. I also think I must have logged into my online banking at least 3 times a day for that first month just to make sure I wasnt dreaming! + +Then I got to work putting my plan in action. + +I put an amount equal to my living expenses for the remainder of my time at uni in a high interest current account, and have cancelled my maintenance loan. I have decided to continue to receive my tuition fee loan, and not to pay off my loan early because my understanding is that unless I make it big time in journalism I'm unlikely to pay back the full amount before it's written off. I can always review the situation later and change my mind if I get lucky (again). + +I decided not to buy any property yet. I don't have any sources of income that would explain how I could afford a deposit, let alone a full property, without arousing suspicion. I'm also now in my final year and have a lot to think about in terms of finals, and going through the additional stress of house hunting doesn't seem appealing at the moment. Also I don't know if I'll end up working in the same location as I'm currently studying. Once I finish uni and get a job (hopefully), then I plan to buy somewhere. I figured I can always pretend that I'm renting it if people ask. + +I lied to my Mum and told her that I'd won a package holiday for 2 to somewhere she's always talked about wanting to visit, and took her on said holiday in the summer break. It was awesome, and she had the time of her life, but I also found it really hard lying to her, and almost told her a couple of times. I think this will continue to be one of the most difficult aspects that I will struggle with over the coming years. + +Dad got pissed off that I didn't ask him to come on holiday instead of Mum, despite the fact that I'm not sure he's even got passport, and now he's refusing to speak to me. I hope he'll come round, but it makes me feel a bit better that I didn't decide to give mum cash because based on how he's acted I think he'd definitely be trying to get some of that out of her. + +The rest of the money has gone into Vanguard index trackers, with the maximum allowance in an S&S ISA and the rest in a regular account. I plan to finish uni, and then hopefully get a job, and I'll give myself a withdrawal of up to 3% each year if needed. My thinking was that this will be especially useful in the first few years out of uni while I'm likely to need to be in unpaid/low paid internships or freelancing. + +One thing I can recommend to anyone in a similar situation is counselling. I've been wrestling with feelings of guilt since the win. It's difficult seeing Mum renting a shitty flat when I know I could help her out, it's hard for me to accept that I now have an unfair advantage in my job hunt outside of university because unpaid internships are now an option for me, and I just generally feel I've done nothing to deserve this money. My university offers free counselling, and it's been a real help having someone to talk through things with and help me identify and work on addressing these negative feelings. Even if I had to pay for the service, I would. + +Again, I apologise for the length, but hopefully this is the sort of update people were looking for. I'm happy to answer more questions if people have any, although they may have to wait until the morning... + + + +I am but a simple primate with a brain not too dissimilar in structure to a pebble you might use to skip into the ruddy waters of a small creek you grew up next to. + +What follows is highly likely to be nothing more than evidence of my early onset dementia and it is *certainly not any kind of advice,* but I felt compelled to share it in the event it is a useful puzzle piece to anyone whose has been wondering about a possible relationship between hedge funds and crypto holdings, the sort that have been circling the rumor mill lately. + +I stumbled upon u/itsblockchain's [post](https://www.reddit.com/r/CryptoCurrency/comments/ngydk5/a_mysterious_bitcoin_whale_who_sold_3000_bitcoins/) about a particular [BTC address](https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ-full) and, on a whim, decided to have a little look-see. A few hours later, here's what I know: + +The collosal whale in question has mostly been in BTC accumulation mode only since early-2019 with its tidy initial investment of some $4 million. It has the unique distinction of selling their crypto (now valued at $4 billion!) at points that appear to coincide with the price action of large GME movements over the last 4 months. I've been trying to map everything to lineup with options expiries, buys, etc., but it's absolutely too much for my velvety-smooth frontal lobes. More on that in the conclusion. + +Before I share these screen grabs, it's worth noting that what makes this address so special is that these are *the only* times they sell from January onward this year. Another interesting point is that virtually all of their sell-off events are in multiples of 1500BTC lots. (This last point may just make for easy accounting since the underlying value has changed so much, but feels worth pointing out). + +Okay, onto the data: + +* On January 11th, GME begins its ascent from $19.94 to a high of $347.51 on January 27th. Our whale sells three lots of 1500BTC, totaling $144,194,982.18. + +[Jan 11 sell-offs.](https://preview.redd.it/60689zct06171.png?width=2308&format=png&auto=webp&s=0ce5c97c93c8d2c05000370e6f2138b79e288c2b) + +* On January 28th, GME drops to $193.60. Our whale sells two lots of 1500BTC, totaling $97,863,593.77. + +[Jan 28th sell-offs.](https://preview.redd.it/rakucqnw06171.png?width=2396&format=png&auto=webp&s=ca598eaa7f0342285c8313f618d207281751d5c7) + +* On January 29th, GME rockets back to $325. At the same time, our illustrious whale appears to have taken a liking to krill-flavored, gold-plated, gourmet Funyuns^(R) and promptly liquidates a whopping $336,754,682.47 of BTC in 3 lots. + +[Jan 29th sell-offs. Probably a coincidence.](https://preview.redd.it/92b8xyuz06171.png?width=2308&format=png&auto=webp&s=14e800ee2d3e8a5f35f6a105a869d176cf3b61fc) + +* By February 4th, GME has come down to $53.50, then rises to $63.77 and falls again to $60 over a 4-day period that resembles what professional investors call a "nipple". The whale liquidates $121,945,686.75 over the same period. + +[Early February sell-offs.](https://preview.redd.it/rpcjmgh516171.png?width=2298&format=png&auto=webp&s=2bda4f94ca4f14c8a29972ea2ba5804f1979deee) + +What follows are 3 more sales of BTC, all in the same 1500BTC lots: + +* April 11th and 13th - 3000 BTC worth $183,717,827.45. + +[Yawn.](https://preview.redd.it/idryq48816171.png?width=2320&format=png&auto=webp&s=566ba29ef7acab9c5f31bede3c88afb21342a849) + +* May 4th and 6th - 3000 BTC worth $167,099,254.90. + +[Nothing to see here.](https://preview.redd.it/742179nb16171.png?width=2300&format=png&auto=webp&s=4481b0d1591cc4cf9525c0ddbf0e1ea5f7d563b3) + +* May 8th - 3000 BTC worth $175,510,763.61. + +[Surely not related to liquidity issues.](https://preview.redd.it/g7zw1iod16171.png?width=2364&format=png&auto=webp&s=d1c50bea05c48fdcf973b17c1926f5482f32577c) + +Here's a helpful chart provided by u/teacoat___ that overlays the dates above (blue lines) on the movement of GME. + +[Thanks, u\/teacoat\_\_\_!](https://preview.redd.it/ky0roqid2b171.png?width=1637&format=png&auto=webp&s=a73824fb477b647c9cc33ab4d65ef79445102068) + +To be completely fair, it's worth pointing out that correlation does not equal causation. We don't know who this account belongs to other than that they are: + +* an entity that has been fortunate enough to funnel *hundreds of millions,* nay *billions* in crypto in 2 years, +* that they pretty much only accumulate, but +* when they *do* spend, it's for who knows what that *just so happens to coordinate with massive price movements in a totally random stock*. +* Also, their selloffs correlate inversely to in-progress or the beginnings of BTC price rallies which would be the worst time to sell off unless you *absolutely needed to.* + * Jan 27th - BTC begins rising from its low of $30,432.55 to $57,539.95 on Feb. 21st. + * April 11th - BTC is in the middle of another of its attempts to reach its zenith that comes at $63,503.46 on April 13th. + * May 4th - BTC goes from $53,333.54 to $58,803.78 on May 8th. +* Also, that their timing is impeccable. In the last two cases, they are able to time the high for the period after which are massive declines in BTC price, the latter of which has not yet been recovered from. This seems to indicate cutting edge *Market Whisperer*\-like abilities of the sorts that are available to those at investment banks. + +To wrap this up, I want to reiterate that I wrote this because both our sub and crypto's are beginning to speculate on the relationship between the two. What we *can* and *can't* say is important and worth pointing out. + +At this point, what I think we need, barring access to some government-grade analysis tools like Elliptic.co, is a way to analyze the blockchain a bit better. It would be helpful if we could, for example, compare similar addresses that *only* have spending dates that correlate with price movement of a particular publicly available stock as this one does in our simple illustration. This would bypass address and routing obfuscation often used by exchanges and stablecoins and allow us to make some *best guesses* without having to actually care about specifically naming names at this point. + +It's also worth trying to figure out what the other handful of pre-2021 sell-offs were a part of, if such a thing can be intimated at. Ditto for the April/May sell-offs and if there is any relationship to margin calls or known liquidity issues on the part of the hedgies. + +**CAN ANYONE LEND A HAND?** + +It bears repeating: I am an exquisitely smooth-brained ape. + +Feedback and comments welcome as this is my first quasi-aspirational DD. **#buy** and **#hodl** + +Edit 1: grammar and an additional question in the follow-up section. + +Edit 2: Another interesting fact that u/Chocowark helped me realize is that this entity also employs address *reuse.* In the crypto space, this is a big no-no because it reduces privacy by letting *any old ape* scrutinize your transaction history just as we're doing here. Trade analysts could theoretically also monitor your activity and front-run against you. Second, it implies that they're using an older wallet that doesn't support address regeneration. Most new wallets do this for you automatically, so the fact that this account doesn't use it would seem to indicate that they either a) don't have a new wallet (and are behind the security best practices curve), or b) that they actively disabled regeneration and *they want a record* in order to meet an obligation of auditing. + +Edit 3: Some commenters in the original post are scrutinizing this from a Bitcoin market-only perspective and seem to be under the impression that this address is just dumping blocks of Bitcoin to create liquidity out of the poor saps who see the drop and sell which lets the whale buy back in. It looks convincing except for the fact that they're NOT BUYING BACK IN when they should be if they wanted to make an immediate profit in Bitcoin as they could have. I tried pointing this out in my bullet points 4 and 5 above. Again, it could be a random fluke that this address just so happens to go active when GME had its biggest trading spikes, but neither Bitcoin nor GME seem to have moved in this entity's favor from the perspective of someone looking to profit in either market unless you consider their need to cover for something not stated. Again, still hypothetical and needs more DD. +Next up in my ongoing Fat Guide series is Prenups, because I am soon to get married and had to do one recently. Note that while I am not a lawyer, much of this advice comes from discussion with my lawyer and from conversations with many of my colleagues at my office, most of whom are worth a lot of money, and their resulting prenups and divorces (in some cases, many prenups and divorces). + +There are a lot of misconceptions about prenups and their purpose. To me, a prenup exists to mitigate risk in divorce by allowing you to pre-negotiate the terms of a separation in good-faith while you still care about your partner, rather than leaving it up to an angry and vengeful you or some random judge. As a result, I think prenups make for fairer divorces. They also help to limit divorce costs, disputes, and risks. Make no mistake, there is almost no better way for your fat wallet to go on a hard-core weight loss regimen than a heavily contested divorce. + +First, I want to discuss what makes a bad prenup. No back of the napkin agreements - you each need your own, independent lawyer. If you are the wealthier party, reimburse your fiance for legal expenses but let them pay directly and pick their own attorney. Also, you can’t typically sign away child support payments, child custody, or visitation, since those are the child’s rights, not your’s. + +Don’t be the person who tries to force your spouse-to-be into a prenup on the altar. Prenups must be signed a good amount of time before the wedding, preferably a few months. Lastly, you must disclose accurately your assets and debts during prenup negotiations. Frankly, you probably should have done this before getting engaged. + +Laws obviously vary by state, but a big reason for setting aside prenups is “unconscionability” which basically means it’s so unfair it “shocks the conscience.” This is somewhat subjective and judges seem more willing to throw out prenups than any other contract, even with severability clauses. Common no-nos include: trying to assign yourself all assets you earned during the marriage (especially if the other party works only in the home), trying to assign household responsibilities (no judge is going to make your wife clean the house every week), and anything that “encourages” or “provides an incentive for” divorce, like lump sum payments. Perhaps the most common issue is waiving alimony, which you normally can’t do (at least entirely), but that depends on state. Basically, don’t try to leave your stay-at-home-mom ex-wife living on welfare with the kids while you jetset across the world with a gaggle of supermodels. Judges don’t like that kind of thing. + +So how do you bring up the dreaded prenup with your partner? You should probably do this when you start seriously discussing finances and marriage. My girlfriend was VERY against prenups, because she saw them as a way for rich people to stick it to the poor people they are marrying. I explained that I felt it was important for us, if we chose to get married, to have a plan for separation if it occurred. We should make this plan together, while we cared about each other and had each other’s best interests in mind, rather than when we were angry, hurt, and stressed. I said I didn’t view a prenup as protecting us from each other, but rather protecting us from our future asshole selves. And it worked - she got on board with a prenup. She is a very risk-averse person, so seeing this as “insurance” or a risk-minimization tool was very useful to her. It is a good idea to frame a prenup not as protecting one person or the other, but as providing a framework to protect both of you and provide guarantees about the outcome of a divorce. + +Most importantly, I made a fair prenup offer after our engagement, and I’ll detail a few provisions from that. We decided to protect premarital assets, inheritance (she has a small one coming, I have none), and our retirement accounts and future contributions. We protected some family heirlooms she’ll be getting and agreed to just sell any house we buy unless we both agree not to. We agreed to alimony payments for time and amounts based on the length of marriage and difference in income. We also tossed in some provisions to protect assets allocated for college/graduate school for future children. + +It’s important to negotiate a prenup fairly with your partner. Prenups are decidedly unsexy, and negotiations can really harm your partner’s trust if you aren’t careful. For example, putting in an infidelity clause with no history of cheating on their part seems like a really good way to indicate you don’t trust them. Similarly, making an obviously unfair initial offer indicates that you think the marriage is doomed to fail or are very selfish. Make sure not to hire a “pitbull” lawyer. Would you really want to set an angry dog against your partner? Perhaps the worst thing you can do is to “play hardball” either because you or your family wants you to. This is a very good way to end up not getting married. + +My coworkers have used prenups to decide on a number of matters: premarital assets, inheritance, family businesses and heirlooms, taking care of children from other marriages in the event of their death, pre-marital debts, marital property (houses, cars, etc), alimony, the value of work in the home or of putting a spouse through school, among others. A good way to think about what should be in a prenup is to think about what is most important to you or your partner in the event of a divorce (or death). Generally, prenup negotiations should focus on protecting those matters and being fair and equitable on others, such as marital assets and the value of work in the home. Because you need a lawyer to have a good prenup and laws vary by state, you (fortunately) are required to have someone there with you to help you guide you through the process. Whatever your situation, I think a prenup is a good idea, as it is the only form of marriage insurance you can buy. And with divorce rates being what they are, insurance is a really good idea. +We got more income coming in recently, since then our bills haven’t changed they actually went down $150(payed off a loan, yay!). Yet while we’re doing the budgeting it feels like we have less money? why is this? +Married, mid 30s, 500k TC (300k personally, 200k wife). Current NW ~$1.6M (750k cash, rest in stocks). + +We sold our Boise home in April for $600k profit after living there for 3 years. We had decided to move to be closer to our families in So-Cal. I’ve since parked that cash in Treasuries and HYSA. + +I don’t want my wife to have to work forever. We have one kid, another on the way, and I’d like a third. My job is remote. + +I’m toying with the idea of purchasing a primary residence all-cash next year. We are seeing some nice homes that have dropped from ~1.5M to under 1M this year. + +Having no mortgage gives my wife the flexibility to not work and also opens the door for incredible family vacations during the summer, as I can be remote and she can be with the kids. + +Anyways, curious if folks think this is a good idea? I’m also curious what the best ways would be to leverage our current financial position to buy a home with a heavily discounted interest rate (PAL or otherwise). + +Cheers. +I posted here three months ago ([Previous post](https://www.reddit.com/r/personalfinance/comments/99pqeq/husband_lost_job_where_to_cut_first/)) about my husband losing his job and your advice about where we should cut. You were all sort of brutal (in a useful way) and so I wanted to provide an update and ask a question. + +We put the student loans in forbearance while we were figuring things out ($783 per month). We realized my husband would need to stay home for a while to get healthy emotionally before going back to work, so we pulled the kids out of daycare (saving $2,370 on daycare and aftercare per month). Then we took your advice about looking into how to live below our means and made the big decision to sell our beloved home we had recently built and significantly downsized and moved to the suburbs (mortgage and escrow now $800 instead of $2,675). I'm a little sad about the home but I also feel so much less pressure it feels worth it. + +The question: After selling our home and putting 20% down on our new home we now have $28,000 left over. I previously thought my $5,000 emergency fund was cushy, but you all quickly corrected me there. How much of this $28,000 should I set aside for a real emergency fund and how much should I throw at debts? All my debts are as follows: + +His student loan: balance $57k at 6.8% + +My student loan: balance $34k at 6.6% + +Mortgage: balance $130k at 4.68% + +Auto loan: balance $17k at 2.49% + + +*Disclaimer:* *As always, take everything with a grain of salt, and do your own research. Some of this is speculation and not entirely based on facts.* + +Enjoy getting your tetas jacked + +" **Comprehensive DD of how Citadel and friends are scamming GME and other shorts and how they are laundering the money.** " + +[https://www.reddit.com/r/GME/comments/n6nr7a/comprehensive\_dd\_of\_how\_citadel\_and\_friends\_are/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/n6nr7a/comprehensive_dd_of_how_citadel_and_friends_are/?utm_source=share&utm_medium=web2x&context=3) + +links to " **\[1/3\] The Ultimate DD guide to the moon!!. Crazy Melon"** + +[https://www.reddit.com/r/GME/comments/n2hgxq/13\_the\_ultimate\_dd\_guide\_to\_the\_moon\_crazy\_melon/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/n2hgxq/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&utm_medium=web2x&context=3) + +by u/sydneyfriendlycub + +"**Citadel Securities Has Over $57,500,000,000 In Open Short Positions On Its Books... I Think I Found Out What Happened In January, and Why Trading Was Halted...** " + +[https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel\_securities\_has\_over\_57500000000\_in\_open/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7g5gp/citadel_securities_has_over_57500000000_in_open/?utm_source=share&utm_medium=web2x&context=3) + +by u/ThatGuyOnTheReddits + +" Also, the one talking about Citadel's total short positions is full of ridiculous assumptions. While it is interesting to see what Citadel's short position value was on 12/20/20, OPs leaps of faith using that info are incredibly shaky (ex. " assuming 50% of these short positions are in GME"....whoa, wait what?). + +Please review and add a disclaimer." - u/justsaysso + +" Don't get ahead of yourself, fellow ape. That's the amount of all their short positions combined, not just GME. Granted, it COULD just be GME, but it's highly doubtful that is the case. Either way, that was how many months ago? They've had plenty of time to keep digging that hole. PLUS, that doc only shows us their *reported* short positions. Them illegal naked shorts aren't going to be accounted for. Ya know, cuz illegal. THAT is the number I'm most interested in, though we may never get to know the truth. " - u/Bradduck_Flyntmoore + +"**Ryan Cohens Kill Shot....the Reverse Merger"** (~~My personal favorite of the day~~) + +[https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan\_cohens\_kill\_shotthe\_reverse\_merger/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan_cohens_kill_shotthe_reverse_merger/?utm_source=share&utm_medium=web2x&context=3) + +by u/Alert_Piano341 + +" I don’t like the reverse merger one. The intercept article it links to is the only thing I’ve read that makes me nervous about the squeeze. It’s worth taking the half hour or so to read through the series. It’s old and talks about naked shorting and how they get away with it. The counter dd people are always looking for: it isn’t that we are wrong. It’s that we are right and it doesn’t matter. I hope this one is too big and too public to be ignored. The new rules and hearings keep me optimistic. " - u/fraygul + +" Clarifying question for you - are you saying you don’t like “the reverse merger one” because it linked to something that made you feel nervous? + +Sure, this question has crossed my mind too because it’s a valid issue. We could be correct and do all the right things but could still get fukd. We won’t know yet. Until we find out. In the meantime, there’s a lot we can do to anticipate and learn about the fuckery that allowed them to get away with it in the past. So the value of articles/information shouldn’t be measured by how it makes us feel but how informed we are after reading it. + +I see that you recommend folks read it but I’m confused by your opening and why you hold that against the reverse merger DD - which only had encouraging insights. + +In other words, I wonder if that loophole is now closed to them for the few reasons I mentioned (and possibly more I haven’t thought of). + +Edit: One thing to add - I’d have to research more into the obligation warehouse mechanism but I’m wondering if, for that loophole to work in favor of the short seller, *that’s* where they need a complicit issuer. Like, would the issuer have to sign off, so to speak, that the FTD’s are accounted for? I don’t know, smooth brain here but it sounds like the reverse merger can be leveraged in different ways, not just in favor of shorts." - u/blizzardflip + +" It's not that the Intercept article makes [/u/fraygul](https://www.reddit.com/u/fraygul/) feel nervous; it's that the Intercept article states that because the old short positions under the old CUSIP can no longer be closed, they can actually be warehoused indefinitely as a liability that will eventually have to be paid off, but no longer have an imminent FTD pressure that the shorts have right now. + +To quote the article directly: + +>Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. +> +>Those trades can sit in the Obligation Warehouse forever, in theory. But the “aged fails” — essentially orphaned naked short transactions — remain on the naked shorter’s balance sheet as a liability to be paid later. + +So instead of being a killshot for the hedge funds, this idea would actually be a killshot for the squeeze and the worst possible thing that could happen." - u/StringentCurry + +Thank you all for the feedback! + +" **AS SOMEONE WORKS AS AN ADVISOR FOR POLICY MAKERS AND HIGH OFFICIALS; THESE ARE OUR NEXT STEPS** " (My personal favorite of the day) + +[https://www.reddit.com/r/Superstonk/comments/n727qd/as\_someone\_works\_as\_an\_advisor\_for\_policy\_makers/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n727qd/as_someone_works_as_an_advisor_for_policy_makers/?utm_source=share&utm_medium=web2x&context=3) + +by u/keenfeed + +" I can’t fully support the one by [u/keenfeed](https://www.reddit.com/u/keenfeed/) because it calls on this sub to get politicians involved in a way that would make them easy targets for the people who don‘t want anything to change. + +I like the idea of sending out a Master DD (even though I doubt it could be a short read), but getting politicians on live stream and having THEM ask us questions to educate themselves is a bit over the top imo. + +[u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) replied to it and outlined some points detailing why it‘s not a good idea and I wholeheartedly agree with her." - u/jonnyHDM + +" Apes, + +We know how eager everyone is to get involved and make a difference. However, please keep in mind that [r/Superstonk](https://www.reddit.com/r/Superstonk/) is a place for people from around the world to get together to share news, information, memes and comments about stonks. + +Our AMAs are for informational purposes only. Our guests are here to inform us and to answer YOUR questions. + +We are not a political group. Mods will not spearhead any political campaign nor will we reach out to any politician on behalf of [r/Superstonk](https://www.reddit.com/r/Superstonk/). + +There are several reasons for this, however the most important ones are: + +1. Many of us, including several Mods, are not US citizens. +2. If [r/Superstonk](https://www.reddit.com/r/Superstonk/) reaches out to potentially "friendly" or "open minded" US politicians to try and "educate" or "inform" them, this is what will happen: + 1. Mods and influential [r/superstonk](https://www.reddit.com/r/superstonk/) users will be targeted as "bad actors" who are attempting to exert foreign influence on US politicians and policy; and + 2. Those politicians we reach out to, who may or may not be friendly, will be targeted as "compromised" and "under foreign influence/manipulation" +3. The result? All of a sudden, any positive changes they are attempting to make will be seen as "an attack on American Sovereignty" because they are "compromised" by "foreign manipulation" +4. Furthermore, politicians are not dumb. **You can bet that many of them are lurking on this sub, reading, watching and learning.** If they want to learn, they can and will do so. + +If you want to get involved, all you have to do is watch our AMA with Dave Lauer or [read the transcript](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/). Here's a direct copy/paste from the transcript: + +>\*\*WHAT CAN WE DO?\*\*There have been questions about **what can we do** and to me this is one of those things that we can do.Another thing is you can just continue to make your voice heard, **you can file comment letters with the SEC or FINRA, that's an excellent way to get involved**, they do read them and \*\*they do listen to well thought out comments, or well-researched comments.\*\*You can contact your members of Congress because these bills that are going to come up are going to be controversial and they need to hear that there are people out there that support them, for good reasons.You can make use of the SEC and Office of the Investor Advocate who is there to advocate on your behalf and is often focused on institutional investors but would probably like to hear more from retail.And Gary Gensler I think in his testimony before Congress is going to say that they're requesting public input on some of these exact issues.So I think getting involved like that is just an *excellent thing*.It's great to have more involvement and more perspectives in this market structure debate, versus most of the people that are involved generally work for the high-frequency firms, the exchanges, the broker-dealersThere are very few of us out there who are not beholden to one of those types of firms and who are making money, actively, off of the current market structure. + +If our American apes wish to contact their representatives **as individuals, please do so.** + +However, the Mod Team will not be contacting anyone on behalf of the community, nor will we be involved with organizing any "Master DD", slideshows, or political AMAs. + +Thank you for your understanding and cooperation, apes. + +🙏💪 + +**UPDATE:** + +Many American apes are asking for information/websites/links on how to contact their representatives/SEC/FINRA. This is information that I'll be happy to provide. I'm at work right now but I'll look into it tonight and post something tomorrow. + +Also, here's a message from [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) regarding [u/mmedici](https://www.reddit.com/u/mmedici/)'s question in the comments below: + +>The subreddit is public space. I think that's even true, legally considering. People all over the world come to reddit and join public forums. We won't condone anything against our rules.Politics must be relevant to the discussion. There are private chat groups and messaging alternatives for those who truly wish to organize.This subreddit is geared toward public discussion and sharing of knowledge and education.This is not a place to organize action on the political battlefield.However, if those organized actions rely on information gained from [r/Superstonk](https://www.reddit.com/r/Superstonk) or other subreddits, that will not be on other community members or the moderators.We are here to facilitate public discourse, not censor information or discussion on the grounds of supposed involvement.**In the end, we all have free will and free speech, and we moderators seek to keep the peace and nurture public discussion, not police it or censor it without good reason.** " + +\- u/luridess + +"**I think I solved the Rubix Cube and... it is so much bigger than everyone thought.** " + +[https://www.reddit.com/r/Superstonk/comments/n7e18t/i\_think\_i\_solved\_the\_rubix\_cube\_and\_it\_is\_so\_much/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7e18t/i_think_i_solved_the_rubix_cube_and_it_is_so_much/?utm_source=share&utm_medium=web2x&context=3) + +by u/SoulSolus + +" Also, the Rubik's Cube one is super fishy. Check my comment history for my take in that post and also peep the comments of the ape I replied to (who was like the only voice of reason in the comments section). " - u/suddenlyarctosarctos + +" **Negative Volume Prints** " + +[https://www.reddit.com/r/Superstonk/comments/n772fg/negative\_volume\_prints/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n772fg/negative_volume_prints/?utm_source=share&utm_medium=web2x&context=3) + +by u/dlauer (Holy shit The Ex-Citadel Employee, David Lauer is posting here! If you're reading this thank you so much for your contributions to the community, what an honor to have you!) + +"**Did you know Citadel is the NYSE DMM for $GME?"** (From yesterday, but still IMPORTANT) + +[https://www.reddit.com/r/Superstonk/comments/n68ooc/did\_you\_know\_citadel\_is\_the\_nyse\_dmm\_for\_gme/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/?utm_source=share&utm_medium=web2x&context=3) + +Another from the man himself by u/dlauer + +"**Recommended Reading"** + +[https://www.reddit.com/r/Superstonk/comments/n6z8rs/recommended\_reading/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6z8rs/recommended_reading/?utm_source=share&utm_medium=web2x&context=3) + +Also by u/dlauer (didn't get much love so when visiting the link make sure to supply many updoots!) + +**"\[Reposting because I aped it\]** **The SEC was potentially complicit in hiding squeeze worthy option data from retail investors after Melvin Capital's debacle, and institutional investors are capitalizing on it today"** + +[**https://www.reddit.com/r/Superstonk/comments/n77xou/reposting\_because\_i\_aped\_it\_the\_sec\_was/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/n77xou/reposting_because_i_aped_it_the_sec_was/?utm_source=share&utm_medium=web2x&context=3) + +by u/StellarEVH + +" **Fidelity changed limit order restrictions to** **~~600%~~** " \*\*UPDATE\*\* now it is at 500% + +[https://www.reddit.com/r/Superstonk/comments/n6zzj0/fidelity\_changed\_limit\_order\_restrictions\_to\_600/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6zzj0/fidelity_changed_limit_order_restrictions_to_600/?utm_source=share&utm_medium=web2x&context=3) + +by u/candleaddict1 + +" [**u/Macnassmat**](https://www.reddit.com/u/Macnassmat/) **looks like it's** [**500% now**](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/)**.** " + +[https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle\_fridays\_change\_in\_limit\_order\_pricing/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/?utm_source=share&utm_medium=web2x&context=3) + +\- u/tikkymykk + +" **May 5: -1M volume. May 6: -2M volume. IT IS NOT JUST A SERVER RESET! This comment of** u/redditmodsRrussians **seems to be aging well. BRB, I gotta call mom. 💎🙌🚀🚀🚀** " + +[https://www.reddit.com/r/Superstonk/comments/n74w2r/may\_5\_1m\_volume\_may\_6\_2m\_volume\_it\_is\_not\_just\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n74w2r/may_5_1m_volume_may_6_2m_volume_it_is_not_just_a/?utm_source=share&utm_medium=web2x&context=3) + +by u/kim2oden + +" **Found something funky on the dark pools** " (\*\*ATTENTION BIG WRINKLED BRAIN APES\*\*) + +[https://www.reddit.com/r/Superstonk/comments/n7ahcl/found\_something\_funky\_on\_the\_dark\_pools/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_source=share&utm_medium=web2x&context=3) + +by u/Pubertus + +"**🚨 David Lauer AMA Transcript/Summary 🚨** " + +[https://www.reddit.com/r/Superstonk/comments/n7234n/david\_lauer\_ama\_transcriptsummary/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7234n/david_lauer_ama_transcriptsummary/?utm_source=share&utm_medium=web2x&context=3) + +" **🚨 David Lauer AMA Transcript Summary 🚨 (2/2)** " + +[https://www.reddit.com/r/Superstonk/comments/n7295i/david\_lauer\_ama\_transcript\_summary\_22/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7295i/david_lauer_ama_transcript_summary_22/?utm_source=share&utm_medium=web2x&context=3) + +by one of our beautiful and honorable mods u/bye_triangle + +" **RH is out of Shares!A day transfer now takes longer. After speaking to fidelity they said it could be because they out of shares to transfer. Im like, but they sold me some shares. Shouldn’t my shares be available for me to grab anytime I want? I can feel it brothers!!!!** " + +[https://www.reddit.com/r/Superstonk/comments/n73mqk/rh\_is\_out\_of\_sharesa\_day\_transfer\_now\_takes/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n73mqk/rh_is_out_of_sharesa_day_transfer_now_takes/?utm_source=share&utm_medium=web2x&context=3) + +by u/rafaelL2303 (Thank you for coming to the light!) + +((Seen transferred initiated on 5/5/21 must have been the tequila)) + +*\*\*Anyone who is still in Robinthehood during MOASS will be inducted in the Hall of Shame\*\** + +*\*\*\*\*Proclamation: If you are responsible for restarting the squeeze due to shit broker such as one who might sell on your behalf or not allow sell limit orders, I will personally pimp slap you\*\*\*\** + +" + +>" RH is out of Shares!A day transfer now takes longer. After speaking to fidelity they said it could be because they out of shares to transfer. Im like, but they sold me some shares. Shouldn’t my shares be available for me to grab anytime I want? I can feel it brothers!!!! " + +To clarify, when you see trades "bounce" (erroneous trades that have been used to make the market but cannot be settled), you don't see the result on your end. The bad link in the chain is the brokers. + +You see asian brokers limiting share purchases to 10 shares max? Or brokers locking down big orders, even for big boy ISDA players? That's where the user sees the impact of erroneous trades. The brokers get fucked and have to sort out the IOU's or just kind of sit there, deal with it, and try to buy more at any opportunity they can. They can't get their hands on the paper because when they try, the trades keep bouncing, so they get stuck with too few shares and have to start throttling things. Brokers are the share bottleneck right now, RH likely worse than others + +The user just sees weird things happening all over the place with brokers and wonders wtf is up." + +\- u/ElleLeonne + +" **About 80% of the Ants in South Korea have already voted. Actually, we didn't even vote ourselves and this is the way.** " + +[https://www.reddit.com/r/Superstonk/comments/n7axoq/about\_80\_of\_the\_ants\_in\_south\_korea\_have\_already/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7axoq/about_80_of_the_ants_in_south_korea_have_already/?utm_source=share&utm_medium=web2x&context=3) + +by u/NyamNyam1227 (Special shout out to our comrades the Korean ants, WE SEE Y'ALL! 🐜🐜🐜🐜➕🦍🦍🦍🦍=🚀🚀🚀🚀 ) + +" **Italian News Article Tells of Incoming US Market Chaos, Starting with Hedge Funds and the Feds - “The Fed's "Catch 22" marks a storm. And a doubt: was Archegos sacrificed?” (translated from Italian using Google)** " + +[https://www.reddit.com/r/Superstonk/comments/n7dqwm/italian\_news\_article\_tells\_of\_incoming\_us\_market/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7dqwm/italian_news_article_tells_of_incoming_us_market/?utm_source=share&utm_medium=web2x&context=3) + +by u/CuriousCatNYC777 (Italianos checking in! Calling out the foogazi Feds and Hedgies) + +" **For those that don't know (I didn't) the legendary Dr. Michael Burry predicted the GME short squeeze two years ago. He might have been early, but he's not wrong.** " + +[https://www.reddit.com/r/Superstonk/comments/n7i5rj/for\_those\_that\_dont\_know\_i\_didnt\_the\_legendary\_dr/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7i5rj/for_those_that_dont_know_i_didnt_the_legendary_dr/?utm_source=share&utm_medium=web2x&context=3) + +by u/Confuciusly (Username checks out!) + +" **Potential Evidence Shorts are FUKT and have not covered and most of the buying pressure has come from retail.** " + +[https://www.reddit.com/r/Superstonk/comments/n7c5ak/potential\_evidence\_shorts\_are\_fukt\_and\_have\_not/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n7c5ak/potential_evidence_shorts_are_fukt_and_have_not/?utm_source=share&utm_medium=web2x&context=3) + +by u/infation + +" **Retail owns over 500M shares** " + +[https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail\_owns\_over\_500m\_shares/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail_owns_over_500m_shares/?utm_source=share&utm_medium=web2x&context=3) + +by u/catsinbranches + +~~"~~ **~~Holy hell! Rule NSCC-2021-006 shows up to save the day! IT'S COMING.~~** ~~"~~ + +[~~https://www.reddit.com/r/Superstonk/comments/n7byxy/holy\_hell\_rule\_nscc2021006\_shows\_up\_to\_save\_the/?utm\_source=share&utm\_medium=web2x&context=3~~](https://www.reddit.com/r/Superstonk/comments/n7byxy/holy_hell_rule_nscc2021006_shows_up_to_save_the/?utm_source=share&utm_medium=web2x&context=3) + +~~by~~ u/Horror_Veterinar + +"**CLARIFICATION OF NSCC-2021-006"** + +[**https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification\_of\_nscc2021006/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/n7in6k/clarification_of_nscc2021006/?utm_source=share&utm_medium=web2x&context=3) + +by u/SquareGravy + +" That guy is actually wrong and painting 006 in a bad light. - the one saying it isn't that important.. I corrected him in another thread which he agreed to. " - u/juventinn1897 + +Good luck trying to get some sleep now! + +Let me know if there are any that someone would like to add, just like to consolidate some of this so it's easier to refer back to since my uncle Renny (u/rensole) ain't here to do so 😥 + +We miss ya Unc! + +Hope you are enjoying your much deserved/needed rest and having a blast! + +You fucking legend! + +Oh and if any mods are reading this would like to petition for an AMA with Kenny G's ex wife or wife's boyfriends + +I'm sure they have VERY valuable information + +Like on his positions.. when she wears strap-on and they double team Ken.. + +You know the good stuff! + +Edit: Holy shit wasn't expecting this to blow up, thank you all for showing this post some love going to do a bit of editing with consideration to the comments below. I appreciate all the feedback this is what makes this platform so glorious! + +Take notes ~~Mainstream media~~ + +We are the news now! + +TLDR: N/A haha +Serious question because most mom and pop investors make well under 10% and most under 8% percent annualized all things considered over a 30 year time frame. + +I'm simply amazed how many investors don't actually realize they'd be better off dumping their entire down payment into an index fund or a REIT focused on residential real estate and letting it sit. + +Most investors (when accounting for debt paydown , appreciation, cash flow, tax benefits yadda yadda ) make run rate returns well under the returns of the sp500. As we all know real estate is far from passive if you are doing right by your tenants and your properties. + +Some people actually seem to believe a property rising in value from 200k (with 30% down) to 800k fully paid off by tenants over 30 years with a break even monthly real cash flow that grows at the rate of inflation is a good deal. Yes it is investing and ALL investing can help you build wealth. But the simple truth is taking that 60k and putting it in something gets market returns would have given you more money and been truly passive. + +Yet people think for whatever reason you can get rich from real estate EASIER than other forms of investing without actually putting in work to improve property or doing the research to buy in the path of gentrification and then cashing out at peak. It is one of the biggest myths of real estate since most people don't put in work and most people don't accurately predict the next hot area. + +In short if you are looking to buy an investment property because you heard from a friend real estate will make you rich, you will get just as rich by dumping your down payment into the stock market and letting it sit (for most people this is true). If you are going to to do work on the property that gives you a 25% or 50% return that's a completely different story. But as we all know most mom and pops don't actually want to do work on property they are just in it for the loan pay down and appreciation which as history shows isn't where the money is for most real estate. + +Just curious on thoughts of others. Do you think it is simply ignorance on the part of mom and pops who don't have a finance background? Do people in America just not understand investing in general? Are people just brainwashed when looking at their portfolio? Ask any investor what his returns are and most will say 20% lol because they are in year 1 and haven't had to actually spend any real money on repairs yet that might even equal the cost of down payment for some lower end properties. Most people think they are cash flowing $200 and they don't even save monthly for reserves. It's madness! + +Edit: I'm not talking about people who buy 30% below market and have immediate built in equity, or people who do house hacks, or people who put 5% down and have extreme leverage. I'm talking about people who put down 25-30% on a property the bank knows is an investment and hold for full duration of loan. I'm talking MOST average vanilla transactions. Yes you can beat these typical returns by buying under market, leveraging 95% , hitting 5% - 10% annual appreciation because you have a crystal ball and selling in 10 years instead of 30. But that is good investing lol and NOT average investing which is what I am discussing here. 😄 + +Edit #2: Of course we are talking about BUILDING wealth here not simply preserving wealth. Low returns (if low risk) are acceptable if preserving wealth. Real estate is a great vehicle for wealth preservation but this discussion is more along the lines of investors looking to MULTIPLY wealth end up buying too many properties not suited for that task and then mismanage them. +Current Diversification: + +*Contributing 7% of salary to 401k so I can get the max employer match. I will increase my contributions by 1% every year I stay with the company. + +*Just invested 6k into Roth IRA for last year (we are before tax day) and will also be doing so for the current tax year + +*I put the bulk of my savings into investing in FXAIX which tracks the S&amp;P 500. Chose this because of historical annual gains close to 10% and extremely low management fees + +*Investing $1,500 in Prosper peer to peer lending, this is the smallest portion of my portfolio + +*I have 48 individual stocks I’ve purchased over the years that I actively manage / hold. + +*I have savings in the bank to cover 6 months for emergencies and live fairly frugally, but in a way I enjoy and I still treat myself to things I enjoy. + +I currently have a large lump sum of money I am planning to invest. I’ve done a lot of research recently and all of the things I’ve read say low cost index funds are the way to go. So, I’ve been planning to put it all into FXAIX but am wondering if I’m perhaps missing something else? + +Thank you in advance. + +Edit: reviewed funds and updated from 3+ months for emergency which was vague to write 6 months as I do have this set aside. +Hey folks! + +So, my wife was accidentally paid for an extra week after she left her previous company back in 2019, and it wasn't realized until this year. The company (and its collectors) have been reaching out to us, but they're asking for the gross amount back, pre-tax, rather than the actual amount post-tax which was deposited into our account. + +I'm not sure how this works. Since taxes were already filed and paid for the tax year in which the overpayment occurred, what are we responsible for reimbursing them? Additionally, am I correct in saying that they need to provide us with a corrected W2 and we need to reach out to our accountants to have them file a corrected tax return? + +This is in NY state, by the way. Thanks in advance for any help 🙂 + +Edit: I'm heading into a dentist's appointment, but I'll answer any questions as soon as I'm done. +Guys. We need to talk: + +This subreddit above all else is supposed to be a hub of news, useful discourse, information, and understanding of cryptocurrencies/crypto assets in general. Through it I've found some amazing coins and made investments that I would have never known to make. + +But that's only because I didn't listen to the trash level sentiment being carried out and the hardcore tribalism that causes people to lose out on good, solid investments. So here, lemme break this into 3 categories: + +**FOR THE INVESTORS** + +It has become incredibly clear to me that FAR too large of a portion of our reader base on this sub is entirely unaware of the fundamentals of investing in new tech. This is not a sports team, this is not some TV show or fad, THIS IS A BRAND FUCKING NEW ASSET CLASS THAT CAN REVOLUTIONIZE OUR SOCIETY. And it is MUCH too early to be acting like we've already made our correct bets and that nothing can happen to change the trajectory of our favorite project. + +1) How is the TECH/Whitepaper? (this should always be your FIRST question) + +2) How is the Dev Team? + +3) Do they have a funding scheme? What kind? (community donation, venture capital, institutional investment/buyouts, ICO etc.) + +4) How are they organized? + +5) How is their track record? + +6) Do they have any institutional or prolific backing? + +7) Does it solve a goddamn problem or alleviate friction anywhere? + +8) Does it have competition and where does it stand within that? + +9) How close to ready is it? + +10) Any plans to create, stimulate, and maintain adoption? + +11) Does it have a Marketing and media presence? A good one? + +12) How is its Mainstream visibility? + +13) How about Accesibility and Liquidity? + +14) Growth potential based on current price and supply + +15) Can it survive or at least get around the regulatory hammer? + +Regardless of what you think your coin's shit smells like, these are the things you need to know in order to decide where the hell you're putting your money. Because each and every single one of these questions is important in determining the value potential and sustainability of your coin. If you actually care about making money then you'll shed your need to be on a single team and diversify your assets based on the fundamentals. Yes, I know a month feels like an entire year in crypto, but investment is NORMALLY supposed to be a multi-decade affair. Meanwhile longterm for most of us means 2022 at the latest. DO YOUR OWN RESEARCH. + +**FOR THE DAY TRADERS** + +In general, you have a very simple job. Look at graphs, do some TA, make a plan, invest based on that and do your best to have orders and trading set up that minimizes risk. So just do that. I don't want to hear a single one of you coming through a subreddit and moaning about how you think something is a shitcoin because it wasn't volatile enough that day to make you dumb amounts of money. No one is saying you aren't making hella money or that you aren't right from a daytrading perspective, but keep that to the trading subreddits where other like-minded people are actually impatient enough to care about that. You should understand that when you put up some pissy comment like that, new investors who haven't the faintest clue on anything will take what you say seriously and model their money movement around your words. + +Think about that. + +If I had listened to day traders, as a mid-long term investor, I'd have missed out on NEO (back when it was Antshares), ICX, and XRP. I would have missed out on the following percentage gains: + +NEO: 1150% Gains as of now +ICX: 5080% Gains as of now +XRP: 1720% Gains as of now + +^Why would I want to miss out on that because of impatience and bad philosophy? + +**FOR THE SUPPORTERS** + +For people who are genuinely in this for philosophy, that's great, discuss the merits of your philosophy and vision and why you think the coin aligns with that. Otherwise: + +SHUT THE FUCK UP. + +If you don't, you'll start spreading FUD and lies, it's inevitable, the second you decide to trash another coin you're going to do it as a way to feel superior regardless of how good or shitty your investment is. + +I'm done. +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. +I’m 31F and in 2 weeks I’m going to resign from my job. I’m so happy that I wanted to share it with you! + +By way of background, I joined an investment bank straight from university, in a front office role. I’ve built up a £750k net worth (joint with my husband), thanks mainly to my healthy annual bonuses. + +For the last 2-3 years I’ve been struggling with anxiety & depression, as the stress of the job has gotten to me. I’ve finally hit my cash savings target (£90k in the bank), and feel comfortable enough to take a leap faith. + +While I’m open to all options (I expect my employer to offer me other types of roles internally), I will only move in to a position that sparks excitement and joy, even if it means looking externally and taking a big pay cut. Perhaps this is the start of my Barista FIRE journey, or a step into a role more compatible with my belief system. + +In any event, I am excited. Thanks for listening. +I’ve spoken to my neighbor multiple times about buying her house and we verbally agreed multiple times on that notion. She even expressed her desired sell price and I agreed to it. + +I get home yesterday and notice a survey line was marked in our driveway. We share a driveway which is why it would be beneficial for me to buy the property. + +I want to make sure my neighbor still wants to sell me her house but wanted to find the best way to approach her about it without seeming pushy. Any thoughts on how to approach the subject without seeming pushy? +Hi, I’m [Mario](https://linkedin.com/in/mariocostanz). I’m the CEO of [Happy Tax](https://gethappytax.com) and [CryptoTaxPrep.com](https://CryptoTaxPrep.com). I’ve been in the tax preparation business for 16 years and a crypto enthusiast for 3 years. We saw the need for a dedicated crypto tax service so we started [Crypto Tax Prep](https://cryptotaxprep.com) earlier last year to help out you new participants in the crypto world figure out the confusing ordeal that is your 2017 crypto taxes. This is especially important because there are a LOT of misconceptions swirling around about like-kind exchanges, foreign exchanges, and more. Ask Me Anything! + +P.S. If anyone is interested in hiring us, you can use coupon code REDDIT100 at checkout to get $100 off on our services that include full service bookkeeping, accounting and tax prep of your crypto transactions by our US based licensed CPAs as well as advisory and 1 year access to our crypto reporting tools. ;) +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! + +Full Press Release: [https://www.wsj.com/articles/disney-proposal-to-restructure-on-mckinseys-advice-triggered-uproar-from-creative-executives-11669928586?utm\_source=reddit.com](https://www.wsj.com/articles/disney-proposal-to-restructure-on-mckinseys-advice-triggered-uproar-from-creative-executives-11669928586?utm_source=reddit.com) + +&#x200B; + +>LOS ANGELES—Walt Disney Co. was working with consulting firm McKinsey & Co. in recent months on an effort to centralize control of major spending decisions, triggering an uproar from top creative executives at the entertainment giant, according to people familiar with the matter. +> +>Discussions regarding the plan were under way in the weeks leading up to Nov. 20, when Disney’s board of directors fired Bob Chapek as chief executive and replaced him with his predecessor, Robert Iger. +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! + +Several months ago, rapidly rising yields on long term treasury bonds (most prominently the 10 year treasury) were making headlines. Many analysts were predicting yields to be above 2% by end of year as inflation fears were expected to persist. + +As of the time of this post, yields on the 10 year treasury are below 1.4%. What are the reasons for the slide in long term treasury yields over the past several months? I understand the inverse correlation between bond prices and yields, I’m just confused on what market conditions have led to such an ongoing slide in yields recently. +Can someone explain to me how Germany grew so much economically after being defeated in WW2? And also, are there any good papers/books about this subject? +Currently an Economic student and was wondering where Econ majors end up at after college? Has anyone made it into finance/accounting with this major? If so, please share your experience. +The website of a farmers market states that by buying directly from farmers, you cut out the middle man and farmers get to keep more of their money. My question is, when you cut out the middleman, do you displace workers employed by the middleman and possibly do more harm than good? +This is a followup post to a recent post here: https://www.reddit.com/r/investing/comments/m61kqh/fruit_juice_and_fintech_a_prime_example_of_why/. Shoutout to /u/JailedByKamala for sniffing this one out. + +--- + +Hello, I want to do a DD today on a bad company which I've purchased puts on. $FTFT (Future Fintech), a 'fin-tech blockchain {insert buzzword}' company that I am near 100% certain is a Chinese scam. + +This is not financial advice. + +--- + +**So, what do they claim to do?** +--- + +Their website: www.ftft.top + +Enter at your own risk. This website is not HTTPS secured and has a "warning" rating from Web of Trust. + +According to their website, they are a leading blockchain R&D company incorporated in Florida, founded in 1998. They own and operate a blockchain-based online mall, a digital payment system, a cross-border e-commerce system, and a blockchain incubator. + +WOW, they do so much! + +**And where do they do it?** +--- + +First thing you'll notice is that while they are incorporated in Florida by their SEC filing, the actual office address is in New York City. Specifically: + +*Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY 10036* + +Now it's interesting that they have Suite 5100 because the Americas Tower actually only has 47 floors. **Suite 5100 doesn't actually exist.** I called the leasing office and they confirmed that each floor's suite is named after the floor itself. Now, maybe there is some secret floors available only to high-end clientele or maybe their counting system is different than the leasing office said. Perhaps, I'm just wrong here. We can give FTFT the benefit of the doubt and say this is a legitimate mailing address. + +> EDIT: It appears that Suite 5100 is a virtual office leased out to Regus who rents out to FTFT. Thanks /u/elcup + +It doesn't matter, their true operations is out of Beijing, China and this is where the fun really begins. + +**A juice company turned blockchain technologist** +--- + +Sound strange? It gets stranger... + +FTFT, in 2017 (at the height of the BTC craze) wowed investors by turning to blockchain. Why was this so surprising, because before this, they were called "SkyPeople Fruit Juice" and they sold fruit juice ([Source](https://www.cnbc.com/2017/12/19/tiny-fruit-juice-company-soars-on-speculated-move-into-bitcoin-that-likely-isnt-real.html)). + +So, juice company into finance, a natural transition, right? + +Well, surprisingly, no. In order to make this jump, FTFT need to start acquiring companies with financial expertise like mad. According to their website, their portfolio consists of 2 companies: + +- Nova Realm City: a blockchain technology value community... whatever that means. This company is based out of China and uses the NRC coin which they claim 35 million exists. First off, only 35 million? That's extremely low float for a "digital asset community". Furthermore, I can find no evidence that NRC actually exists. + +- InUnion: a blockchain-based life insurance platform. This company is also based out of China and as far as I can tell, it does not have its own website. The link provided by FTFT only goes to an information page with a shitty pamphlet screenshot: https://imgur.com/7YWc9OZ. Notice in the screenshot that there are still red underlines in the names as if this was a screen grab from Microsoft Word. This is the real image they used for this company... Also notice that every customer will also be considered a staff member as well as an investor. What!? WTF does that mean? + +Okay, so these are the companies that FTFT publicizes for themselves. But what about the companies they don't put on their website? + +**Their "finance" acquisitions** +--- + +FTFT is reportedly acquiring tons of companies to "expand" its business (presumably blockchain and finance business) and shore up its expertise (presumably in blockchain and finance). + +A quick Google search pulls up a number of subsidiaries by FTFT: + +https://imgur.com/0L70WG1 + +Now, let's first go through some of the companies: + +- Christie Peterson Development Corporation: a company originally under H. B. Covey, Inc. which was later acquired by a non-operations company (they have no operations) Entech Environmental Technologies. ([Source](https://sec.report/Document/0001019687-04-000739/)) What is Entech Environmental Technologies? Well, its none other than FTFT! ([Source](https://edgar.sec.report/CIK/0001066923)) They have also gone under the name of Cyber Public Relations! ([Source](https://sec.report/Document/0001213900-19-005964/)) Neither of these companies have websites including Christie Peterson Development Corp. + +- FT Commercial Management (Beijing): a company formed to acquire Sichuan Tema Supply Chain Management Co., Ltd. This company provides financial services to the supply chain industry. Other than that, it is impossible to find more about this company. Interestingly enough, the revenues of this company actually exceeds the **market cap** of FTFT yet they are purchasing it in common stock. ([Source](https://apnews.com/press-release/pr-newswire/financial-services-technology-corporate-news-greater-china-products-and-services-ownership-changes-6e1794f0cf96194018b5fcb3962c4c2b)) + +- Asiasens Investment Holding: now this one wasn't even in Google it was so recent. But they announced the acquisition here. ([Source](https://www.prnewswire.com/news-releases/future-fintech-enters-into-indonesia-market-and-signs-share-exchange-agreement-to-acquire-asiasens-investment-holding-pte-ltd-301195800.html)) Now, if we look this one up, we get a hit from "The Grid", some sort of yellowbook for corporations. ([Source](https://sgpgrid.com/company-details/asiasens-investment-holding-pte-ltd)) This company, which was purchased for **$15 million** of common stock, has less than 10 employees and a business address of: 195 PEARL''S HILL TERRACE, #01-05, Singapore 168976. If you look up this business address, you'll be surprised to find that it's actually... **a residential address for some dude working out of his apartment.** https://imgur.com/xsUl9Hx. Thankfully, this one was unable to get regulatory approval and has since been cancelled. ([Source](https://sec.report/Document/0001213900-21-012148/)) + +- Blocknance Financial International SRL: This was probably the **only** blockchain company that I saw in their acquisition strategy. It is based out of the Dominican and was to be purchased in... drum roll... common stock. Unfortunately, it was also cancelled due to FTFT's inability to get regulatory approval in Hong Kong. ([Source](https://sec.report/Document/0001213900-21-012148/)) + +I can go through the list of acquisitions and since the cancellation of some of their more recent acquisitions, they have already announced more. You can see this on their own website. https://www.ftft.top/en/news.html. + +Here is the absolutely terrifying part: **EVERY ACQUISITION IS PAID FOR IN COMMON STOCK.** Not only this, but they are diluting their common stock as quickly as possible through direct offers where they issue more stock in exchange for cash. This is all found on their own website! + +In my personal opinion, this is a house of cards just waiting to fall. + +**So, what part of their business IS legitimate?** +--- + +Well, they are rather proud of their "Chain Cloud Mall", a blockchain based online retail front... + +It is true that they own an online storefront which can be found here: http://www.gksharedmall.com/ + +Now, right off the bat it seems like a normal online retail site. It has no mention of blockchain or any blockchain-related technology, but let's let that slide for a second. If you go on the front page and click on any of the advertised products, you'll notice one glaring problem with this site: **NONE OF ITS PRODUCTS ARE AVAILABLE FOR SALE**. + +What??? + +Try it yourself. Change your location to Beijing or another center of commerce in China even. I tried 10+ products and could not make a single purchase no matter my location. All of it is unavailable so unless they had the most monstrous selling season in the history of ever, or these products were never available for sale in the first place. So wtf is this site then? Short answer: I have no idea. + +Okay, maybe let's try their next product, NONOGIRL, a global e-commerce platform whose trial launched about a year ago in April of 2020... + +It doesn't exist. There's no mention of it ever again. It either never went live or never existed in the first place. + +DCON, a coin touted by FTFT for blockchain incubation and technical services! + +And... it also doesn't exist: https://imgur.com/lq9vu2R. + +--- + +So, wtf does FTFT even do? They are acquiring internal advertisement companies, supply chain financing companies, asset management companies, and insurance companies. The **ONLY** blockchain related company they sought to acquire actually failed to go through due to regulations. + +I have no idea what this company does, if it does anything. All I know is that they are liquidating their shares as quickly as humanly possible. Everything they purchase is through shares. They probably offer the baristas in Starbucks common share instead of cash. This looks like a penny stock pretending to not be a penny stock with wild acquisitions announced every week that never go through. + +Is this company a fraud designed to drain investor cash? I can't say for sure. But my findings are above and you should make your own decision. + +> EDIT: Looks like they have an SEC filing for a massive dilution of shares. Though, this is dated Feb 26 and it hasn't hit the market yet. Maybe it will, maybe it won't. https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=14748787&RcvdDate=2/26/2021&CoName=FUTURE%20FINTECH%20GROUP%20INC.&FormType=DEF%2014C&View=html - Thanks /u/boatbitter +Hi UKPF, + +So I made a post a couple of months ago, linked [here](https://www.reddit.com/r/UKPersonalFinance/comments/puhc54/how_do_you_get_into_the_30k_salary_bracket/) and got tons of advice from comments and PM's. + +I would just like to say a big thanks to this community, without your help and feedback I don't think I would of pushed myself. Today I accepted an offer for £45,000. From my currently role paying £26,000.. + +To anyone out there with no degree and no fancy qualifications. Believe in yourself, your skillset and make sure to invest time into your self. Such as your CV/LinkedIn Profile as this does help! + +Thanks again all. Time for a beer. +To all young professionals in AU/NZ, + +I have been with my current company for 4-ish years (consulting) so I have been off the market for a while and decided that I wanted to do something different; and I was shocked at how many interviews / stages are required for a company to make a decision. + +I would have thought two - three 1 hour interviews would be plenty, but in almost all of my roles I've been told / have experienced 4 - 5 different stages of interviewing (outside of testing or HR screens), incl. Manager interview, Director / Partner interview, case studies, business presentations, meet the team. This often leads to at least 5 - 10 hrs of active interview time per job, excluding any time needed to prep or do take-home case studies. + +Normally, I would just tell myself that Company X is not worth my time and continue interviewing with other companies - but every single company I have interviewed with has had a similar process. + +Is this becoming the norm for professionals? How is everyone dealing with or navigating this situation? +Ethereum address: [https://etherscan.io/address/0x664638c364299bbd343d07d7ad0c89df7a339198](https://etherscan.io/address/0x664638c364299bbd343d07d7ad0c89df7a339198#tokentxns). + +Here's my previous thread about the address: https://www.reddit.com/r/Superstonk/comments/otdhum/the_ethereum_address_ive_been_following_with_the/. + +Potentially one transaction of $16,588.95158 away from there being enough to represent every one of the [74.38m outstanding shares](https://finance.yahoo.com/quote/GME/key-statistics/) at $0.001 a share, which is what their value is in the current depository they're held. Please keep in mind this is speculative and it's possible this ends up being a nothing burger, but it is a real possibility IMO, either way I will continue to buy and hold. 🚀 + +|date|amount| +:--|--:| +|8/02/21|9,996.27069| +|7/28/21|5,084.306187| +|7/15/21|3,374.754044| +|7/15/21|19| +|6/27/21|7,173.55795| +|6/23/21|10,594.888128| +|4/26/21|21,548.271421| +|total|57,791.04842| + +edit: **Why was this was debunked?** + +edit 8/5/21: Still haven't heard why this is considered debunked, and **in my opinion it hasn't been debunked only more confirmation** towards it being true as there was a new transfer today of $19,994.098482 bringing the total amount to 77,785.146902! Looks like there's enough to represent every outstanding share! If anyone has the official count for the outstanding shares, please share as the Yahoo number I've been told is low. + +|date|amount| +:--|--:| +|8/05/21|19,994.098482| +|8/02/21|9,996.27069| +|7/28/21|5,084.306187| +|7/15/21|3,374.754044| +|7/15/21|19| +|6/27/21|7,173.55795| +|6/23/21|10,594.888128| +|4/26/21|21,548.271421| +|total|77,785.146902| +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). +ChubbyDoge 🐶 | Chubby & Cute | Got in COINGECKO in 36 hours!!! | Investors get 8% BNB Rewards from buy transactions 💴 14% from sell transactions | Join the Community Now 🔥| + +—————————————————————————————— + +Just Launched 🚀 | Don't Miss Out!! Buy Now!!! + +—————————————————————————————— + +Chubbydoge token project is led by a solid team. The team aim to encourage investors to hold their tokens by imposing extra sell penalty to sellers to award hodlers. +🦎 https://www.coingecko.com/en/coins/chubbydoge + +—————————————————————————————— + +✅ Trusted team +✅ LP locked for 1 year +✅ Nice looking dividend tracker launching today +✅ Dapps is in development +✅ Highest #bnb rewards (8% from buy transactions, 6% from sell transactions) +✅ Own swap is in development +—————————————————————————————— +BUY NOW : +🥞Buy Here : https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3699D20715C750aBa5a108bACA5c555347da034f + +—————————————————————————————— +Join Our Social Media : +🌏Website : https://www.chubbydogetoken.com/ +🌏Twitter : https://twitter.com/ChubbydogeToken +🌏Telegram : https://t.me/Chubby_Doge +https://www.cnbc.com/2020/06/22/the-feds-corporate-bond-buying-is-stoking-bubble-fears.html + +The Federal Reserve said last week it would start buying individual corporate bonds in addition to ETFs. + +Such intervention has boosted markets but also is stoking fears that risk appetite is getting carried away. + +Companies have issued record-setting amounts of debt during the coronavirus pandemic. + +“If the Fed persists in flooding the markets with liquidity, the risk is that the Fed will create the greatest financial bubble of all times,” market veteran Ed Yardeni said. +There's a lot of sturm and drang about gentrification in many cities these days, but most of the argumentation seems to be pure prax. What sort of conclusions can we draw from the current research literature? +I’m currently studying economics in college and was wondering if I could find a job in finance or banking in the future? I would double major in Econ/finance but the university doesn’t allow for that, I can only minor. I know that banks usual recruit from top tier college, business school at that, and I go to an average university. Is an Economics major suitable for banking or should I be looking to transfer school? +Disclaimer, posting on a throwaway due to privacy concerns. + +Hopefully this can help somebody out! + +I was always told that I needed a college degree to amount to anything. I feel like this is a pretty common belief in today’s society. I tried the whole college thing and it wasn’t for me. I ended up failing out only after a year and a half. At that point in time I wasn’t thinking about the future, but after several years of working as a server and/or retail, I came to the conclusion that “this is it for me”. + +I tried going back to school two more times, but both ended in the same result. Me not showing up to classes and racking up additional student debt. Once again, I found myself serving people. I did “move up” in the server world — not to a new position or anything, but each year I’d end up at a better establishment than the last. + +I’ll note that each time I got hired at a new restaurant, I never provided a two weeks notice (do not recommend doing what I did here…). This resulted in the initial 3 of 11 jobs I was FIRED from (at least in my adult life). + +Luckily the restaurants I worked at were not too picky on who they hired. I interview well, and would generally consider myself a ‘people person/pleaser’. At this point in time, customer service was my only skill that had any experience behind it. + +After working years in the food and beverage industry, I needed to make a change. My feet were killing me after pulling double shifts with maybe a couple smoke breaks here and there. I also just knew that there was no way I could do this forever. + +Computers always interested me and when I initially enrolled in college I was going for a CS degree. I was always the go to “Tech Guy” for my family and friends. By no means did I have any relevant coding/IT skills at this point. It was just an interest/hobby of mine. + +With that said, I decided I wanted to get into IT… somehow… + +I started throwing applications out left and right to any entry level help desk job on Monster (this was before Indeed, Linkedin, and Glassdoor all blew up). I got a few interviews, but never got hired. + +I needed to get my foot in the door. I only had customer service experience so my options were pretty limited. Luckily, a very notable tech retailer hired me (10.50$/hr)! I was ecstatic. I busted my ass here and actually got internally promoted 2x. I ended at 15.00$/hr. Ultimately, I was fired for doing some pretty terrible shit that I shouldn’t have been doing, but that’s a whole different story. + +Anyway, I worked there for about 2 and a half years. After getting fired I basically hit rock bottom. I hit the bottle way too hard. Couldn’t find another job. This went on for a year and I was living off of student loans that I took out for classes that I had no intention of going to. It was literally just a source of income. + +Thankfully, my parents decided to take their adult kid back home for a second chance. + +I lived with them for the next year. I took this time to get my shit together. I quit drinking (7 years sober now). I lost a lot of weight. And started dating the girl that I’m currently married to with our first kid! + +I started job hunting again. I was back on the entry level help desk search. After a month or so, my parents told me that I should really just take any job, as it would be better than no job at all. + +I expanded my search yet again to customer service with a tech twist. I knew I could very likely get a job as a server again, but I just dreaded the thought of that. + +I ended up getting a contract job as a billing/technical agent for a game company (8.25$/hr). My customer service skills came in handy here. Also my years of being the ‘tech guy’ helped out as I knew enough — nowhere near enough for an entry level certificate like an A+. But this job really didn’t require the most extensive knowledge. However, I will say it was still EXPERIENCE, which is the name of the game here. + +I ended up getting laid off as the contract expired and I was not picked up as a full time employee. But at least I had a year under my belt. + +The job search started again. I ended up getting another contract job for a field support technician for local schools (12.00$/hr). I worked here for year. This was my first ‘real’ IT job. I took in as much as I could and made sure to do my absolute best, despite how shitty the job really was. I won’t get into the little details, but it actually sucked… but again… EXPERIENCE. I ended up getting laid off after 9 months as the contract expired. + +This lead me to finally get that golden entry level help desk job (16.50$/hr). I had learned enough about the basics of Windows and standard computer hardware between the last two jobs (I will note, that an A+ certificate should be enough to get an entry level help desk position like the one that I had). Also, all of my years of customer service experience definitely helped in getting the job. Not sure how most help desk jobs are, but this one was more or less a call center. + +Again, I made sure to the absolute best that I could here. I received 2 promotions within the department and ended up making 22.50$/hr when I left 1.5 years later. + +Finally, I was looking for a job while being gainfully employed. What a nice change. I actually had room to negotiate pay. I ended up leaving the previous job strictly due to pay as I had basically hit the ceiling (unless I wanted to get some IT certs). + +I found another help desk job for a medical system. I started here at 26.50$/hr. I ended up staying here a year, but got burned out. Again, it was very call center like and the grind was REAL. I’m talking at least 70 calls per day. Most were just end users wanting password resets… barely anything of actual IT substance. + +I decided to dedicate my nights after work to search for a different job that would be more interesting and a better culture fit. The medical system job team were mostly people who have been there for decades. + +I found a network security company and they were hiring. I did not feel confident in my abilities/experience to get this job, but it seemed like a very good culture fit. I researched the company a lot. I looked at all of the job requirements and started trying to teach myself things that were listed. + +I ended up getting an interview and spent many hours preparing. All of the preparation came in handy as I ended up getting the job (30$/hr). I received a couple promotions within the department and ended up at 35.50$/hr. + +Which leads me to now where I recently accepted a position for Technical Account Manager at 127k/yr within the same company. + +I mainly wanted to write this up because I want people to know that “if I can do it, anyone can”. I only have a high school degree. I still have 0 IT certifications. I was fired from almost everywhere I worked prior to getting sober. + +Definitely a cliche, but it’s really just about never giving up and always seeking out opportunities. As much as you may hate your current job, you’re still gaining experience. You can position that experience in your next interview for something new. + +I’m not going to lie, this was not an easy path to get to where I am today. I had a lot of failures and rejection, but I just never let that stop me from moving forward. On that note, it was nowhere near impossible. + +I’m open to answer any questions! There’s definitely a light at the end of the tunnel. +If you're over here, your situation probably seems pretty bleak. You likely don't have a $1,000 emergency fund, and you're close to the worst case scenario. I know it, I've lived it, and I want to help as many people as possible get out of it. + +So, what are you to do in this situation? How can you get through all of this when you’re only bringing home around $600 every two weeks? The answer a lot of people will get when they are honest with themselves is that sacrifices will have to be made. Whether it’s cable TV, the new iPhone, or your free time, if you are in this situation where you have this little cash coming in AND you have debt, you probably are either deluding yourself that if you keep on the treadmill things will get better, but the fact is that interest every month when you don’t pay off your cards is speeding that treadmill up, and eventually you’ll fall off. An overdraft or two, and suddenly you’re eyeing a payday loan place just to solve the problem. Stop. Now. If you’re in this situation, let’s back up the cardiac arrest, take a few deep breaths and give you a rational plan to deal with this: + +Gather up all your monthly bills and pay stubs, pull up your online banking, too. + +Look at what you spend your money on, and decide what you want to cut. + +**Keep cutting until your bills and expenses are less than your take home pay.** + +Next, make calls to all of your credit card companies, and ask for lower interest rates. + +Add up all of your minimum monthly payments and monthly recurring bills. + +Open a new checking account, preferably without a debit card. + +Set up your direct deposit to go to two accounts: one for half the amount you got in step 5, and one for the remainder. + +You’ve now built a self-funding small emergency fund. + +The remaining money should cover your expenses (groceries, gas, etc). + +At the end of every two weeks, the night before payday, take any remaining money, and pay it on your highest interest account. You’ll pay down your debt a little faster and start to see some progress. + +If you’ve made it this far, and you’re still having some trouble making ends meet, go back to step two, and be honest with yourself. Cutting cable TV alone will save you between 600 and 1200 a year. Cutting other things should be on the table. I found myself in this situation almost 10 years ago, and it was incredibly tough, but once I got the stability of an emergency fund, the rest came along much easier. +I’ve unfortunately found myself in a discussion in which someone proposed making a fictional currency backed by Steel. I’m of the opinion that this is a horrible idea, and would cause an incredible amount volatility and would not be suitable for backing a currency. +In Canada, economically it looks like most people are doing great. Like minimum wage here moved up to $15.65, food costs barely moved up. The average warehouse job where there are plenty of is at least $20/hr. + +This is almost better than it was in the past 10 years. My teen brother who is in grade 10 is making $18-$19/hr serving food in a food booth as his first job. + +My first job was $9/hr working my ass off in a fish factory, and then my jobs after that were like $12-$16. There are so many jobs available atm as well. Consumer goods don't even seem to have increased that much, except for popular supplements like creatine and whey protein. + +With all this, why is the economy not recovering, or doesn't seem to be? +I've read a few papers, specifically former IMF chief economist Olivier Blanchard, and even some people here claiming the FED and ECB should be targeting 4% inflation. + +How could that be accomplished? +Specifically, where is there emphasis on the development of robust options pricing models (finite difference, finite element, etc.) for the Black-Scholes PDE if we have the Black Scholes formula that we can use to evaluate the value of an option for any time, volatility, etc. + +For context, I am a senior applied math undergraduate student in the US. I am not *super* familiar with a lot of econ/finance topics. +https://www.marketwatch.com/story/cathie-wood-uber-and-lyft-missed-the-boat-2020-12-27?mod=investing + +Ark Invest's Cathie Wood isn't betting on Uber Technologies Inc UBER, -1.55% and LYFT Inc LYFT, -2.42% over Tesla Inc TSLA, +2.44%. + +What Happened: Wood, CEO of New York-based Ark Invest, said in a tweet Saturday night that Uber and Lyft missed out on a data opportunity that ties in to AI — and which companies will most benefit from it. + +Wood said the ride-sharing companies "stayed private too long and lost the plot. They could have incentivized their drivers to put sensors on their cars and collect data much faster than even $TSLA." + +The tweet was in response to a question about Ark Invest's portfolio. + +Data collection and AI are closely intertwined because machine learning systems develop faster and with greater precision when they are paired with large data sets. + +Why It Matters: Wood's opinion carries weight. She has become the breakout star of the 2020 bull market as her actively-managed ETFs generate phenomenal returns. Shares of her ARK Innovation ETF ARKK, -1.43% are up over 163% this year. + +ARK has predicted Tesla shares will hit $7,000 in 2024. Tesla is the top holding in the Ark Innovation ETF, at 9.98% of assets. + + +Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker is set to expire on Sunday, sources told CNBC’s David Faber. + +The automaker currently owns 102 million shares of Rivian. Ford will be selling the shares through Goldman Sachs, sources said. + +The lockup defines a period of time after a company has gone public when early investors and company insiders cannot sell their shares. That ensures the IPO is carried out in an orderly manner and does not flood the market with additional shares. + + + +JPMorgan Chase also plans to sell a Rivian share block of between 13 million and 15 million for an unknown seller, sources told Faber. Both blocks of stocks are priced at $26.90 a share. + +Shares of the EV manufacturer have plummeted by more than 50% in the first three months of 2022, reversing course from the fourth quarter, when the company held its stock market debut and saw its value skyrocket. + +[Ford declined to comment, when contacted by CNBC.](https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html) +So my course fee is going to be like 12,00,000 for 4 years and 3 lakhs/year. + +My family income can pay the yearly fees but then very less of the income will be left, so we need some financing but not the whole amout to be financed. + +What I feel is, we can pay half of the fees on our own i.e. 6 lakhs (1.5 lakhs/yr) and we'll need the rest as a loan i.e. 6 lakhs ofc. I was thinking if we could get a loan of 6 lakhs only which disburses 1.5 lakhs/year(+1.5 lakhs/yr from our side, the fees can be paid). + +As the loan will have a moratorium of the course period atleast, we will only have to pay half the fees for 4 years and then repay the loan. This would be very helpful for us. + +Problems with full education loan: + +• Will need collateral for 7.5L+ loans. No collateral needed for 6 lakhs so good. + +• Interest on 12 L would be more than 6 L. So I feel we shouldn't really take extra loan of an amount that we can afford to pay ourselves. + +Is this possible? Thanks. +* This is not confirmed news as of now +* This is supposedly a decision from the meeting that concluded today +* Please wait for official news release +* IMP: This is just an update. Please no discussions on previous year's credit, or questions on when this year's amount would be credited, etc. + +One source: [https://www.bloombergquint.com/economy-finance/epfo-approves-85-interest-rate-for-fy21-bq-exclusive](https://www.bloombergquint.com/economy-finance/epfo-approves-85-interest-rate-for-fy21-bq-exclusive) +Like the title says, do you have particular news outlets or analysts that you follow more closely? None of them have a crystal ball, but some of them seem to be very biased one way or another. +How can this even happen - is this really the world we're living in? Maybe just a California thing + +[Source](https://www-mercurynews-com.cdn.ampproject.org/v/s/www.mercurynews.com/2021/12/20/rent-strikes-protests-pay-off-oakland-tenants-convince-landlord-to-sell-building/amp/?amp_gsa=1&amp_js_v=a6&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16400878657145&csi=0&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fwww.mercurynews.com%2F2021%2F12%2F20%2Frent-strikes-protests-pay-off-oakland-tenants-convince-landlord-to-sell-building) +**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. +In my area, renting a modem from an ISP costs 15 dollars per month. A comparable modem costs about 70 dollars, and will last years. 15 dollars per month comes out to 180 dollars per year. If that were put into investments with a 6% annual return rate, after 40 years, that would turn in a little over 28k before taxes. + +The greater lesson here is that sometimes, shelling out a little more money can prevent rolling costs, e.i. buying nice shoes that will last far longer than cheaper shoes, buying shelf stable ingredients like rice or pasta in bulk, etc. +I'm saving for a house in Germany, putting aside 2000 a month for the next 5 years + +Putting in a bank is going to be safest but negligible interest. + +ETF's sound good but there is some risk there. + +Also considering a 50/50 split on the above + +How would you invest this? +Taking a year-long sabbatical made me realize a few things: + +1. Life is precious and youth is fleeting. + +Take time off while you're still relatively young and adventurous. I was a little bit past my 40th birthday but still had a lot of my energy and was in great shape which paid off as I did many physical activities I won't be able to do when I'm older. + +2 Quitting work forever may not be for you. + +After a few months of travel, I grew a bit restless and wanted to come home and achieve great things again. Taking time off re-energized me and created a thirst to learn new things. I worked for the same company but eventually left and I've achieved things at my new company I could only dream of before. I also realized I wasn't ready to quit work completely. I still like the feeling of accomplishment and winning. + +There's more but that's what I have for now. Key note: traveling the world is only possible in a post-pandemic world but there's plenty of time to plan it now. +EDIT: Numbers are in $CAD + +Hello everyone, I've been following this subreddit for almost 2 years and recently hit a milestone I wouldn't have reached this early if it wasn't for all of you. I wanted to give my thanks, as well as show you how I ended up where I am for anyone interested in reading. + +Current financial breakdown: + +- Checking Account: $3201.89 +- Savings Account: $19,199.92 +- Investment/Retirement Accounts:$78,736.47 + +TOTAL: $101,138.28 + + +2016 ($14k NW end of year) + +[June]  - Just graduated from highschool and had no idea what I wanted to do with my life. With college application deadlines coming to an end very soon, and having my teachers, guidance counselors, and parents rush me to make up my mind, I randomly decided to take an accounting major in college because I heard it was in demand. + +[September] - Began my first year of college as well as maintaining 30+ hours at the grocery store I was working at throughout highschool. + +2017 ($31k NW end of year) + +[February] - First semester of college was coming to an end and I was completely miserable. The work was not difficult, the load was not too much for me, but deep in my stomach it just felt so wrong. I knew it wasn't for me and I began showing symptoms of depression because of it that even my close friends began to notice + +[April] - After 2 more months of feeling unmotivated and depressed I decided to pull the plug and drop out. I had no plan B, it was a spur of the moment decision and it felt like the 1000lbs I was carrying on my shoulders was finally gone. + +[June] - Spent the last 2 months working at the grocery store full time and my parents were fed up. We we're arguing every day because of my decision to drop out and after a heated argument they kicked me out the house at 19 years old. + +[July] - Spent 2 weeks with a friend while looking for a place. Ended up finding a basement apartment for cheap and moved in. I knew the minimum wage grocery store job wasn't going to cut it so I found an ad for a construction labourer position paying slightly higher ($35k/yr) and got hired. I spent the rest of the year slaving away and saving every penny I could. I was living VERY cheaply + +2018 ($46k NW end of year) + +(June) - After almost a year of working my ass off, starting earlier then everyone, staying later then everyone, coming in on the weekends to sweep and clean up, the company owner began to be very fond of me and gave me the position of Lead Labourer. This new position almost doubled my income, putting me at $60k/yr. Although the massive pay increase tempted me to splurge, I continued living as if I was still making $35k, and dumped all the extra money into my investment accounts. + +2019 ($72k NW end of year) + +(January - December) - This year not much changed. I was working the same job and still living in the same basement apartment alone. I continued living extremely frugally and was focusing on adding as much money to my investment accounts as possible, even if that meant sacrificing things I really wanted. + +2020 (101K NW end of year) + +(March) - Bought a car for $11k as a birthday gift to myself as I was tired of taking the bus. + +(April) - COVID hit, but thankfully I was able to continue working, most weeks actually working more hours then usual. + +(September) Been working consistently the whole year with no breaks or shutting down due to the virus. The same company owner that gave me a promotion in 2018 asked me if I'd like to train to become a crane operator and I gladly accepted. My wage will remain the same, but once I'm fully certified in about 3 - 4 years I can expect $120k/yr. + +(December) - Just deposited the cheque that puts me at $101k NW! Thank you all for the motivation! +Our current situation is we have our home, and one single family home that we are currently renting. My wife and I work together as a team, we’ve been together since college (10 years ago) and have always had a plan to do real estate as a way to grow our wealth. + +When we finished college we looked for a cheap house that needed a lot of sweat equity. And boy did we find one. We got a single family 3 Bed 1.5 Bath home with a walkout basement for around $80k (probably worth $130k now easily). We lived in the house while we fixed it up. We redid everything ourselves and learned a lot in the process. Learned how to tile when we did our kitchen and bathroom, but more importantly we learned a lot of things NOT to do. + +The goal was to keep buying fixer upper houses live in them while we fix them up, and then look for another one when the house is paid off (kind of a snowball method). That plan was setback due to the fact that my grandparents decided to sell their house and 2 acre property. I always loved the property and worked with my Grandmother to buy it from them. We paid $170k for the house, which was slightly more than it was worth but that was what my grandparents needed to pay for their new patio home without getting a mortgage so I was okay with it for that reason. This is the house we are currently living in. + +Our first house that we bought and fixed up is now fully paid off and has great tenants. Take the time to get good tenants, and make the effort to keep them. Every year our good tenants stay with us we give them an extra $100 off their rent in December. They got $300 off this year. We like doing this, it’s our way of giving back and it makes for a better holiday season for our tenants. + +We are not real estate *moguls* by any means but this is where we are at on our journey. We aspire to pay off our current house (hopefully doable in the next few years) and then start buying more properties to rent. We don’t mind doing the fixer upper stuff which gives us a lot of options when looking for houses. + +Real estate is a long term investment. 10 years ago when my wife and I first started talking about doing this I had no idea what to imagine, but it has been a very rewarding experience. + +Financially we could have bought more properties, and leveraged our debt and credit more, but we are risk averse people and decided to play it safe which is comfortable for us. + +Everyone has a unique perspective and that’s how we are currently doing things. Hope some of you find some insight from this post. And as always I’ll answer any questions you got. +Hi, 48 years old, never invested in a long term instrument in Canada. Lately put some funds in GICs, currently thinking about investing some amount in a diversified ETF portfolio. My invesment horizon is not too long as you can imagine (5-10 years max). Any advice is welcome. Thanks. + WSB was never moving into silver. The media got the story wrong. + +Think about who reads weekend financial news. Old people. The last time silver had a real short squeeze was in the 70s, and these people are now in their 70s. Who clicks on ads? Basically only old people. Dealers of gold and silver love to advertise, and media likes to make money through click-through revenue. Of course they are going to post all these stories of small unit silver selling out at dealers, they will get higher click through and sales kickbacks from the targeted ads on these articles. + +If you are purchasing SLV thinking you are purchasing silver on the open market, you could not be more wrong. **Purchasing SLV is the best way for an investor to shoot themselves directly in the face.** + +I have done some research on SLV and I have come to believe that it is essentially a vehicle for JPM and other banks to crush retail investors by manipulating the silver market. + +So what are these games of manipulation that the banks have played? + +**The general theme could be described as this: If banks hold the silver, the price is allowed to rise, but if you hold the silver, the price is forced to fall.** + +Jeff Currie from Goldman had an interview on February 4th where he dismissed the idea of a silver short squeeze, and he had one line that was especially profound, + +“In terms of thinking how are you going to create a squeeze, the shorts are the ETFs, the ETFs buy the physical, they turn around and sell on the COMEX.” – Jeff Currie of Goldman + +This was shocking to holders of SLV, because SLV is a long-only silver ETF. They simply buy silver as inflows occur and keep that silver in a vault. They have no price risk, if the price of silver declines, it’s the investors who lose money, not the ETF itself, so there is no need to hedge by shorting on the COMEX. Further, their prospectus prohibits them from participating in the futures market at all. So how is the ETF shorting silver? + +They aren’t. The iShares SLV ETF is not shorting silver, its custodian, JP Morgan is shorting silver. This is what Jeff Currie meant when he said the shorts are the ETFs. Moreover, he said it with a tone like this fact should be plainly obvious to all of the dumb retail investors. He truly meant what he said. + +What is a custodian you ask? The custodian of the ETF is the entity that actually buys, sells, and stores the silver. All iShares does is market the ETF and collect the fees. When money comes in they notify their custodian and their custodian sends them an updated list of silver bars that are allocated to the ETF. + +But no real open market purchases of silver are occurring. Instead, JPM (and a few sub custodian banks) accumulated a large amount of silver, segmented it off into LBMA vaults, and simply trade back and forth with the ETFs as they receive inflows. **Thus, ensuring that ETF inflows never actually impact the true open market trade of silver.** When the SLV receives inflows, JPM sells silver from the segmented off vaults, and then proceeds to short silver on the futures exchange. As the price drops, silver investors become disheartened and sell their SLV, thus selling the silver back to JPM at a lower price. It’s a continuous scalp trade that nets JPM and the banks billions in profits. Here’s a diagram to help you sort it out: + +&#x200B; + +[reduce, reuse, recycle](https://preview.redd.it/ewkug02chwo61.png?width=864&format=png&auto=webp&s=a424d1a61b93e9a37541cdf8ff19591a3df9fb88) + +An even more clear admission that SLV doesn’t impact the real silver market came on February 3rd when it changed its prospectus to state that it might not be possible to acquire additional silver in the near future. What does this even mean? Why would it not be possible to acquire additional silver? As long as the ETF is willing to pay a higher price, more silver will be available to purchase. But if the ETF doesn’t participate in the real silver market, that’s actually not the case. What SLV was admitting here, was that the silver in the JPM segmented off vaults might run out, and that they refuse to bid up the price of silver in the open market. They will not purchase additional silver to accommodate inflows, beyond what JPM will allow them to. + +The real issue here is that purchasing SLV doesn’t actually impact the market price of silver one bit. The price is determined completely separately on the futures exchange. SLV doesn’t purchase futures contracts and then take delivery of silver, it just uses JPM as a custodian who allocates more silver to their vault from an existing, controlled supply. This is an extremely strange phenomenon in markets, and its unnatural. + +For example, when millions of people buy GME stock, it puts a direct bid under the price of the stock, causing the price to rise. + +When millions of people put money into the USO oil ETF, that fund then purchases oil futures contracts directly, which puts a bid under the price of oil. + +But when millions of people buy SLV, it does nothing at all to directly impact the price of silver. The price of silver is determined separately, and SLV is completely in the position of price taker. + +So how do we know banks like JPM are shorting on the futures market whenever SLV experiences inflows? Well luckily for us the CFTC publishes the ‘bank participation report’ which shows exactly how banks are positioned on the futures market. + +The chart below shows SLV YoY change in shares outstanding which are evidence of inflows and outflows to the ETF. The orange line is the net short position of all banks participating in the silver futures market. The series runs from April-2007 through February-2021. I use a 12M trailing avg of the banks’ net position to smooth out the awkward lumpiness caused by the fact that futures have 5 primary delivery months per year, and this causes cyclicality in the level of open interest depending on time of year. + +https://preview.redd.it/2vpm42uehwo61.png?width=849&format=png&auto=webp&s=5feb48c0ce3ce1a2a55280e7ec2f79b8b7f33c0a + +It is evident that as SLV experiences inflows, banks add to short positions on the COMEX, and as SLV experiences outflows they reduce these short positions. What’s also evident is that the short interest of the banks has grown over time, which is also why silver is ripe for a potential short squeeze, just not by using SLV. + +One other thing that is evident, is that the trend of banks shorting when SLV receives inflows, is starting to break down. Specifically, beginning in the summer of 2020, as deliveries began to surge, the net short interest among banks has actually declined as SLV has experienced inflows. It’s likely one or more banks see the risk, and the writing on the wall and is trying to exit before a potential squeeze happens (having seen what happened with GME). + +For further evidence of this theme of, “If banks hold the silver, the price is allowed to rise, but if you hold the silver, the price is forced to fall” look no further than the deliveries data itself, + +&#x200B; + +https://preview.redd.it/e6gnlo7ghwo61.png?width=869&format=png&auto=webp&s=cb6ff867907a4de54a27876835cad96ac00ad46e + +You’ll notice that as long as futures investors didn’t actually want the silver to be delivered, the price of silver was allowed to rise, but whenever deliveries showed an uptick, the price would begin to fall once again. This is because the shorts know that they can decrease the price of all silver in the world by shorting on the COMEX, and then secure real physical silver from primary dealers to actually make delivery. Why pay a higher price to the dealers when you can simply add to shorts on the COMEX and push the price down, and then acquire the silver you need? + +But just like the graph of the bank net short position, you’ll notice that this relationship started to break down in 2020, and the price has started to rise alongside deliveries. The short squeeze is underway, and the dam is about to break. + +And lest you think I’m reaching with my accusations of price manipulation by JPM, why not just listen to what the department of Justice concluded? + +https://preview.redd.it/fwjolfmhhwo61.png?width=877&format=png&auto=webp&s=6b1804172cace87c2fb285f1f13bad1d5dcef374 + +For JPM and the banks involved in the silver market, fines from regulators are just a cost of doing business. The only way to get banks to stop manipulating precious metals markets is to call the bluff, take delivery, and make them feel the losses of their short position. + +SLV is by far the largest silver ETF in the world, with 600 million ounces of silver under its control, and its custodian was labeled a criminal enterprise for manipulation of silver markets. Why should silver investors ever put their money into a silver ETF where the entity that controls the silver is actively working against them, or at a minimum is a criminal enterprise? + +And let me know if you see a trend in the custodial vaults of the other popular silver ETFs: + +https://preview.redd.it/8kbb08xihwo61.png?width=607&format=png&auto=webp&s=7da347b06b44433082ab041d11f35d1563c8919a + +Further exacerbating the lack of trust one should have in these ETFs, is the fact that they store the metal at the LBMA in London. Unlike the COMEX that has regular independent audits, the LBMA isn’t required to have independent audits, nor do independent audits occur. I’m not saying the silver isn’t there, but why not allow independent auditors in to provide more confidence? + +So what are investors to do in a rigged game like this? + +Well, there is currently one ETF that is outside this system, and which actually purchases silver on the open market as it receives inflows. That ETF is PSLV, from Sprott. Founded by Eric Sprott, a billionaire precious metals investor with a stake in nearly ever silver mine in the world, so you know his interests are aligned with the longs of the PSLV ETF (in desiring higher prices for silver via real price discovery). Further, PSLV buys its silver directly, it doesn’t have a separate entity doing the purchasing, it stores its silver at the Royal Canadian Mint rather than the LBMA, and it is independently audited. By purchasing the PSLV ETF, retail investors can actually acquire 1000oz bars and put a bid under the price of silver in the primary dealer marketplace. And if a premium occurs among primary dealers, deliveries will occur in the futures market. + +This is what is starting to happen right now, a premium has developed among primary dealers, and deliveries on the COMEX have started to surge, while COMEX inventories have begun to decline. And this is happening after PSLV has added just 30 million ounces over 7 weeks (once the small contingent of silver squeezers realized SLV was a scam and started switching). Imagine what will happen if investors create 100 million ounces of demand. + +Even a small portion of SLV investors switching to PSLV because **they realize the custodian of SLV is a criminal enterprise**, would create a massive groundswell of demand in the real physical silver market. + +After the original silver squeeze posts went viral on WSB on 1/27, silver rose massively over the first 3 trading days following it. But on 1/31 a post was made about citadel being long SLV which got 74k upvotes (compared to only 15k on the original silver post). This lead to a fizzling in the momentum for the silver squeeze movement on WSB. However, given what I've explained here about how SLV is a complete scam meant to screw over investors, is it really that much of a surprise? + +Additionally, that post about citadel showed them with $130m in SLV. That's only 0.04% of Citadel's AUM. Do you really think they were pushing silver because 0.04% of their AUM was in SLV? This post also didn't detail the fact that citadel also had short positions on SLV. That's what a market maker does. They have long and short positions in just about everything. + +There are plenty of banks talking about a commodities super cycle, and a ‘green’ commodity super cycle where they upgrade metals like copper, but they never mention silver. Likely because banks have a massive net short position in silver. + +Lets dig into the potential for a silver squeeze, starting with the silver market itself. + +Silver is priced in the futures market, and its price is based on 1000oz commercial bars. A futures market allows buyers and sellers of a commodity to come to agreement on a price for a specific amount of that commodity at a specific date in the future. Most buyers in the futures market are speculators rather than entities who actually want to take delivery of the commodity. So once their contract date nears, they close out their contracts and ‘roll’ them over to a future date. Historically, only a tiny percentage of the longs take delivery, but the existence of this ability to take delivery is what gives these markets their legitimacy. If the right to take delivery didn’t exist, then the market wouldn’t be a true market for silver. Delivery is what keeps the price anchored to reality. + +Industrial players and large-scale investors who want to acquire large amounts of physical silver don’t typically do it through the futures market. They instead use primary dealers who operate outside of the futures market, because taking delivery of futures is actually a massive pain in the ass. They only do it if they really have to. Deliveries only surge in the futures market when supply is so tight that silver from the primary dealers starts to be priced at a large premium to the futures price, thus incentivizing taking delivery. Despite setting the index price for the entire silver market, the futures exchange is really more of a supplier of last resort than a main player in the physical market. + +Most shorts (the sellers) in the futures market also source their silver from sources outside of exchange warehouses for the occasional times they are called to deliver. The COMEX has an inventory of ‘registered’ silver that is effectively a big pile of silver that exists as a last resort source to meet delivery demand if supply ever gets very tight. But even as deliveries are made each month, you will typically see next to no movement among the registered silver because silver is still available to source from primary dealers. + +So how have deliveries and registered ounces been trending recently? + +Let’s take a quick look at the first quarter deliveries in 2021 compared to the first quarter in previous years: + +https://preview.redd.it/u6vl4z3lhwo61.png?width=669&format=png&auto=webp&s=97d96e5ee4fcc5553bb267603f764a0378123dec + +After adding in the 3.6 million ounces of open interest remaining in the current March contract (anyone holding this late in the month is taking delivery), 1Q 2021 would reach 78 million ounces delivered. This is a massive increase relative to previous years, and also an all-time record for Q1 from the data that I can find. + +Even more stark, is the chart showing deliveries on a 12-month trailing basis (which I also showed earlier) + +Note: You have to view this on an annual basis because the futures market has 5 main delivery months and 7 less active months, so using a shorter time frame would involve cutting out an unequal share of the 5 primary months depending on what time of year it is. + +https://preview.redd.it/o4wjuwfmhwo61.png?width=724&format=png&auto=webp&s=03f45022e0f2d1702d5c3e0aaa2877a654ed884b + +As you can see from the chart, starting in the month of April 2020, deliveries have gone completely parabolic. While silver doesn’t need deliveries to spike for a rally to occur, a spike in deliveries is the primary ingredient for a short squeeze. The 2001-2011 rally didn’t involve a short squeeze for example, so it ‘only’ caused silver to rise 10x. In the 2020s however, we have a fundamentals-based rally that is running headlong into a surge in deliveries that is extremely close to triggering a short squeeze. + +In fact this is visible when looking at the chart of inventories at the COMEX. + +https://preview.redd.it/9907dfnnhwo61.png?width=827&format=png&auto=webp&s=45d5859b4c8cd42a66118d62e6d1a97f2364d774 + +As you can see from the graph and the chart above, COMEX inventories are beginning to decline at a rapid pace. To explain a bit further, the ‘eligible’ category of COMEX is silver that has moved from registered status to delivered. It is called ‘eligible’ because even though the ownership of the silver has transferred to the entity who requested delivery, they haven’t taken it out of the warehouse. It is technically eligible become ‘registered’ if the owner decided to sell it. However, the fact that it is in the eligible category means that it would likely require higher silver prices for the owner to decide to sell. + +The current path of silver in the futures market is that registered ounces are being delivered, they then become eligible, and entities are actually taking their eligible stocks out of COMEX warehouses and into the real physical world. This is a sign that the futures market is currently the silver supplier of last resort. And there are only 127 million ounces left in the registered category. 1/3 of an ounce, or roughly $10 worth of silver is left in the supply of last resort for every American. If just 1% of Americans purchased $1,000 worth of the PSLV ETF, it would be equivalent to 127 million ounces of silver, the entire registered inventory of the COMEX. That’s how tight this market is. + +Right now we are sending most Americans a $1,400 check. If 1% of them converted it to silver through PSLV, this market could truly explode higher. + +And lest you think this surge in deliveries is going to stop any time soon, just take a look at how the April contract’s open interest is trending at a record high level: + +https://preview.redd.it/olei0ejphwo61.png?width=779&format=png&auto=webp&s=e53aa870cf012bdeff94fb0b9f4d07ab8127813f + +It looks almost unreal. And keep in mind the other high points in this chart were records unto themselves. That light brown line was February 2021, and look how its deliveries compared to previous years: + +https://preview.redd.it/llu9bzoqhwo61.png?width=480&format=png&auto=webp&s=cd538ecd2ad375f52aa20ae9932d3b795832f322 + +12 million ounces were delivered in the month of February 2021. A month that is not a primary delivery month, and which exceeded previous year’s February totals by a multiple of 4x. Open interest for February peaked at 8 million ounces, which means that an additional 4 million ounces were opened and delivered within the delivery window itself. + +April’s open interest is currently at a level of 15 million ounces and rising. If it followed a similar pattern to February of intra-month deliveries being added, it could potentially see deliveries of over 20 million ounces. 20 million ounces in a non-active month would be completely unheard of and is more than most primary delivery months used to see. + +Here’s what 20 million ounces delivered in April would look like compared to previous years: + +https://preview.redd.it/n706c9yrhwo61.png?width=478&format=png&auto=webp&s=78c23017586291a4f7efc66a274c8f1c9a99b4f3 + +So just how tenuous is the situation that the shorts have put themselves in (yes CFTC, the shorts did this to themselves)? Well let’s look at the next active delivery month of May: + +https://preview.redd.it/ppuloa0thwo61.png?width=860&format=png&auto=webp&s=680a8cfba0f920b008a6660f52f35d45d82557db + +&#x200B; + +https://preview.redd.it/fkh2bdfxhwo61.png?width=271&format=png&auto=webp&s=86c2bf46c9b547b8e0b0cfe109639ad283a832e7 + +If a larger percentage than usual take delivery in May, there is easily enough open interest to cause a true run on silver. With 127 million ounces in the registered category, and 652 million ounces in the money, most of it from futures rather than options, the short interest as a % of the float is roughly 513%. Its simply a matter of whether the longs decide to call the bluff of the shorts. + +No long contract holder wants to be left holding the last contract when the COMEX declares ‘force majeure’ and defaults on its delivery obligations. This means that they will be settled in cash rather than silver, and won’t get to participate in the further upside of the move right when its likely going parabolic. As registered inventories dwindle, longs are incentivized to take physical delivery just so that they can guarantee they will be able to remain long silver. + +Of course, the COMEX could always prevent a default by simply allowing silver to continue trading higher. There is always silver available if the price is high enough. Like the situation with GameStop, the authorities have historically tended to interfere with the silver market during previous short squeezes where longs begin to take delivery in large quantities. + +There were always shares of GME available to purchase, it’s just that the price had not reached what the longs were demanding quite yet. Given that it was the powerful connected elite of society who were short GME though, the trade was shut down and rigged against the millions of retail traders. The GME short squeeze may indeed continue, because in this situation it’s millions of small individuals holding GME. While they were able to temporarily prevent purchases of GME, they can’t force them to sell. + +In the silver short squeeze of the 1970s, that’s exactly what the authorities forced the Hunt Brothers (the duo that orchestrated the squeeze) to do, they actually forced them to sell. The difference this time is that it’s not a squeeze orchestrated by a single entity, but rather millions of individuals who are purchasing a few ounces of silver each from around the globe. There is no collusion on the long side among a small group of actors like in the 70s with the Hunt brothers or when Warren Buffet squeezed silver in the late 90s, so there’s no basis to stop the squeeze. + +In the squeeze of 1979-1980, the regulators literally pulled a ‘GameStop’ on the silver market. Or in reality, the more recent action with GameStop was regulators pulling a ‘silver’. The regulators will try everything in their power to prevent the squeeze from happening again, but this time it’s not two brothers and a couple of Saudi princes buying millions of ounces each (or just Warren Buffet on his own), but rather it’s millions of retail investors buying a few ounces each. There is no cornering the market going on. This is actual silver demand running headlong into a silver market that banks have irresponsibly shorted to such a level that they deserve the losses that hit them. They’ve been manipulating and toying with silver investors for decades and profiting off of illegal collusion. Bailing out the banks as their losses pile up would be truly reprehensible action by our government, and tacit admission that our government is ok with a few big banks on the short side stealing billions from small individual investors. + +But what about beyond a short squeeze? Is there any logic to buying silver on a fundamentals basis? + +There are two types of bull markets in silver. One is a fundamentals-based bull market, where silver is undervalued relative to industrial and monetary demand. The second type of silver bull market is a short squeeze. Both types of bull markets have occurred at different points in the past 60 years. However, the 1971-80 market in which the price of silver increased over 30x does was combination of both types of bull markets. + +I believe we may be entering another silver bull market like the one that began in the fall of 1971, where both a short squeeze and fundamentals-based rally occur simultaneously. + +Smoke alarms are ringing in the silver market, and are signaling another generational bull market. + +So what are these ‘smoke alarms’? + +I recently went digging through various data to try and quantify where we are in the silver bull/bear market cycle. + +I ended up creating an indicator that I like to call SMOEC, pronounced ‘smoke’. + +The components of the abbreviation come from the words Silver, Money supply, and Economy. + +Lets look at the money supply relative to the economy, or GDP. More specifically, if you look at the chart below, you will see the ratio of M3 Money supply to nominal GDP, monthly, from 1960 through 2020. + +https://preview.redd.it/ltu4vgovhwo61.png?width=852&format=png&auto=webp&s=de4f9f2f0748ca3d86e8cf153175efa78901435d + +When this ratio is rising, it means that the broad money supply (M3) is increasing faster than the economy, and when it is falling it means that the economy is growing faster than the money supply. + +One thing that is very important when investing in any asset class, is the valuation that you enter the market at. Silver is no different, but being a commodity rather than cash-flow producing asset, how does one value silver? It might not produce cash flows or pay dividends, but it does have a long history of being used as both money and as a monetary hedge, so this is the correct lense through which to examine the ‘valuation’ level of silver. + +Enter the SMOEC indicator. The SMOEC indicator tells you when silver is generationally undervalued and sets off a ‘smoke alarm’ that is the signal to start buying. In other words, SMOEC is a signal telling you when silver is about to smoke it up and get super high. + +Below, you will see a chart of the SMOEC indicator. SMOEC is calculated by dividing the monthly price of silver by the ratio shown above (M3/GDP). + +More specifically it is: LN(Silver Price / (M3/Nominal GDP)) + +Below you will see a chart of the SMOEC level from January 1965 through March 2021. + +https://preview.redd.it/5m8y7kzyhwo61.png?width=905&format=png&auto=webp&s=1073a6fa09e9b1151a162b79172d673af515fc93 + +I want to bring your attention to the blue long-term trendline for SMOEC, and how it can be used to help indicate when investing in silver is likely a good idea. Essentially, when growth in money supply is faster than growth of the economy, AND silver has been underinvested in as an asset class long enough, the SMOEC alarm is triggered as it hits this blue line. + +Since 1965, SMOEC has only touched this trendline three times. + +The first occurrence was in October 1971, where SMOEC bottomed at 0.79 and proceeded to increase 3.41 points over the next eight years to peak at 4.20 in February of 1980 (literally 420, I told you it was a sign silver was about to get high). Silver rose from $1.31 to $36.13, or a 2,658% gain using the end of month values (the daily close trough to peak was even greater). Over this same period, the S&P 500 returned only 67% with dividends reinvested. Silver, a metal with no cash flows, outperformed equities by a multiple of 40x over this period of 8.5 years (neither return is adjusted for inflation). This is partially due to the fact that the Hunt Brothers took delivery of so many contracts that it caused a short squeeze on top of the fundamentals-based rally. + +The second time the SMOEC alarm was triggered was when SMOEC dropped to a ratio of 2.10 in November of 2001 and proceeded to increase 2.32 points over the next decade to peak at 4.42 in April of 2011. Silver rose from $4.14 to $48.60, an increase of over 1000%, and this was during a ‘lost decade’ for equities. The S&P 500 with dividends reinvested, returned only 41% in this 9.5-year period. Silver outperformed equities by a multiple of 24x (neither figure adjusted for inflation). There was no short squeeze involved in this bull market. + +Over the long term, it would be expected that cash flow producing assets would outperform silver, but over specific 8-10 year periods of time, silver can outperform other asset classes by many multiples. And in a true hyperinflationary environment where currency collapse is occurring, silver drastically outperforms. Just look at the Venezuelan stock market during their recent currency collapse. Investors received gains in the millions of percentage points, but in real terms (inflation adjusted) they actually lost 94%. This is an example of a situation where silver would be a far better asset to own than equities. + +&#x200B; + +https://preview.redd.it/ir5gcfv0iwo61.png?width=676&format=png&auto=webp&s=7e02b95d63beea8de9b7e067cc40655d7a59da16 + +I in no way think this is coming to the United States. I do think inflation will rise, and the value of the dollar will fall, but it will be nothing even close to a currency collapse. Fortunately for silver investors, a currency collapse isn’t necessary for silver to outperform equity returns by over 10x during the next decade. + +Back to SMOEC though: + +The third time the SMOEC alarm was triggered was very recently in April of 2020 when it hit a level of 2.91. Silver was priced at $14.96, at a time the money supply was and still is increasing at a historically high rate, combined with the previous decade’s massive underinvestment in Silver (coming off of the 2011 highs). Starting in April 2020, silver has since risen to a SMOEC level of 3.37 as of March 2021. Silver is 0.46 points into a rally that I think could mirror the 1970s and push silver’s SMOEC level up by over 3.4 points once again. + +Remember that this indicator is on a LN scale, where each point is actually an exponential increase in the price of silver. Here is a chart to help you mentally digest what the price of silver would be at various SMOEC level and M3/GDP combinations. (LN scale because silver is nature’s money, so it just felt right) + +The yellow highlighted box is where silver was in April of 2020 and the blue highlighted box is close to where it is as of March 2021. + +https://preview.redd.it/af5yjg13iwo61.png?width=644&format=png&auto=webp&s=f34ac3ae181c742c4ab2dbf30f64ae82648d84ac + +**An increase of 3.4 points from the bottom in in April of 2020 would mean a silver price of over $500 an ounce before this decade is out. And there’s really no reason it must stop there.** + +The recent money supply growth has been extreme, and as the US government continues to implement modern monetary policy with massive debt driven deficits, it is expected that monetary expansion will continue. This is why bonds and have been selling off recently, and why yields are soaring. Long term treasuries just experienced their first bear market since 1980 (a drop of 20% or more). The 40-year bull market bond streak just ended. What was the situation like the last time bonds had a bear market? Massively higher inflation and precious metals prices. + +https://preview.redd.it/0e9ncqp4iwo61.png?width=864&format=png&auto=webp&s=21a08435c70609ca534ca672815cc2095358ef5a + +This inflation expectation is showing up in surging breakeven inflation rates. And this trend is showing very little sign of letting up, just look at the 5-year expected inflation rate: + +https://preview.redd.it/esd1tzp5iwo61.png?width=618&format=png&auto=webp&s=5c26a1673a48f884c3e3cba23ef3d393cfc5eac9 + +Inflation expectations are rising because we are actually starting to put money into the hands of real people rather than simply adding to bank reserves through QE. Stimulus checks, higher unemployment benefits, child tax credit expansion, PPP grants, deferral of loan payments, and likely some outright debt forgiveness soon as well. Whether or not you agree with these programs is irrelevant. They are not funded by increased taxes, they are funded through debt and money creation financed by the fed. As structural unemployment remains high (low unemployment is a fed mandate), I don’t see these programs letting up, and in fact I would be betting that further social safety net expansion is on the way. The $1.9 trillion bill was just passed, and it’s rumored the upcoming ‘infrastructure’ bill is going to be between $3-4 trillion. + +This is the trap that the fed finds itself in. Inflation expectations are pushing yields higher, but the nation’s debt levels (public and private) have expanded so much that raising rates would crush the nation fiscally through higher interest payments. Raising rates would also likely increase unemployment in the short run, during a time that unemployment is already high. So they won’t raise rates to stop inflation because the costs of doing so are more unpalatable than the inflation itself. They will keep short term rates at 0%, and begin to implement yield curve control where they put a cap on long term yields (as was done in the 1940s, the only other time debt levels were this high). So where does the air come out of this bubble, if the fed can’t raise rates at a time of expanding inflation? The value of the dollar. We will see a much lower dollar in terms of the goods it can buy, and likely in terms of other currencies as well (depending on how much money creation they perform). + +The other problem with the fed’s policy of keeping rates low for extended durations of time (like has been the case since 2008), is that it actually breeds higher structural unemployment. In the short term, unemployment is impacted by interest rate shifts, but in the longer-term lower interest rates decrease the number of jobs available. Every company would like to fire as many people as possible to cut costs, and when they brag about creating jobs, know that the decision was never about jobs, but rather that jobs are a byproduct of expansion and are used as a bargaining chip to secure favorable tax credits and subsidies. Recently, the best way to get rid of workers is through automation. + +Robotics and AI are advancing rapidly and can increasingly be used to completely replace workers. The debate every company has is whether its worth paying a worker $40k every year or buying a robot that costs $200k up front and $5k a year to do that job. The reason they would buy the robot is because after so many years, there comes a point where the company will have saved money by doing so, because it is only paying $5k a year in up-keep versus $40k a year in salary and benefits. The cost of buying the robot is that it likely requires financing to pay that high of a price up front. In this situation, at 10% interest rates, the breakeven point for buying the robot versus employing a human is roughly 8 years. At 2% interest rates though, the breakeven investment timeline for purchasing the robot is only 4 years. + +The business environment is uncertain, and deciding to purchase a robot with the thought that it will pay off starting 8 years from now is much riskier than making a decision that will pay off starting only 4 years from now. This trade off between employing people versus robots and AI is only becoming clearer too. Inflation puts natural upward pressure on wages, governments are mandating higher minimum wages are costlier benefits as well. There’s also the rising cost of healthcare that employers provide as well. Meanwhile the costs of robotics and AI are plummeting. The equation is tipped evermore towards capital versus labor, and the fed exacerbates this trend by ensuring the cost of capital is as low as possible via low interest rates. + +On top of the automation trend, low interest rates drive mergers and acquisitions which also drive higher structural unemployment. In an industry with 3 competitors, the trend for the last 40 years has been for one massive corporation to simply purchase its competitor and fire half the workers (you don’t need 2 accounting departments after all). How can one $50 billion corporation afford to borrow $45 billion to purchase its massive competitor? Because long term low interest rates allow it to borrow the money in a way that the interest payments are affordable. Lacking competitive pressures, the industry now stagnates in terms of innovation which hurts long term growth in both wages and employment. Of course, our absolutely spineless anti-trust enforcement is partially to blame for this issue as well. + +The fed is keeping interest rates low over long periods of time to help fix unemployment, when in reality low interest rates exacerbate unemployment and income inequality (execs get higher pay when they do layoffs and when they acquire competitors). **The fed’s solution to the problem is contributing to making the problem larger, and they’ll keep giving us more of the solution until the problem is fixed.** And as structural unemployment continues, universal basic income and other social safety net policies will expand, funded by debt. Excess debt then further encourages the fed to keep interest rates low, because who wants to cut off benefits to people in need? And then low long term interest rates create more unemployment and more need for the safety nets. It’s a vicious cycle, but one that is extremely positive for the price of precious metals, especially silver. + +And guess what expensive robotics, electric vehicles, satellites, rockets, medical imaging tech, solar panels, and a bevy of other fast-growing technologies utilize as an input? Silver. Silver’s industrial demand is driven by the fact that compared to other elements it is the best conductor of electricity, its highly reflective, and it extremely durable. So, encouraging more capital investment in these industries via green government mandates and via low interest rates only drives demand for silver further. + +One might wonder how with high unemployment we can actually get inflation. Well government is more than replacing lost income so far, just take a look at how disposable income has trended during this time of high unemployment. It’s also notable that all of the political momentum is in the direction of increasing incomes through government programs even further. + +https://preview.redd.it/mnfd5gr7iwo61.png?width=864&format=png&auto=webp&s=34c7b3ddfc9808b29e08bd7619d47d1f51f840fc + +The spark of inflation is what ignites rallies in precious metals like silver, and these rallies typically extend far beyond what the inflation rates would justify on their own. This is because precious metals are insurance against fiat collapse. People don’t worry about fiat insurance when inflation is low, but when inflation rises it becomes very relevant at a time that there isn’t much capacity to satisfy the surge in demand for this insurance. Sure, inflation might only peak at 5% or 10% and while silver rises 100%, but if things spiral out of control its worth paying for silver even after a big rally, because the equities you hold aren’t going to be worth much in real terms if the wheels truly came off the wagon. The Venezuela example proves that fact, but even during the 1970s equities had negative real rates of return and the US never had hyperinflation, just high inflation. + +During these times of higher inflation, holders of PMs aren’t necessarily expecting a fiat collapse, they just want 1%, 5%, or even 10% of their portfolio to be allocated to holding gold and silver as a hedge. During the 40-year bond bull market of decreasing inflation this portfolio allocation to precious metals lost favor, and virtually no one has it any longer. I can guarantee most people don’t even have the options of buying gold or silver in their 401ks, let alone actually owning any. A move back into having even a small precious metals allocation is what drives silver up by 30x or more. + +&#x200B; + +&#x200B; + +**TLDR: SLV is a scam, as are basically all of the silver ETFs.** + +If you do want to buy silver you'll buy physical when premiums are low, or PSLV. + +Disclaimer: I am a random guy on the internet and this entire post should be regarded as my personal opinion +I’ve saved up $46k and my wife has around $43k in student loan debts. We are trying to get a house soon and we have no other debts. Should I pay it all off now? I have about $20k in stocks I can sell if needed. + +Edit: the highest interest rate loan is 6.6% and lowest is 3.76% +The climb into the atmosphere has begun. + +&amp;#x200B; + +Moon bud is a community owned, rug-proof token, all liquidity has been locked for a year and ownership has been renounced. + +&amp;#x200B; + +In a mere 24 hours since launch, moonbud has raised a mind-numbing $150,000 USD for charity and animals in need, which is completely unheard of and outpaces any other project in the space by a moonshot, get it? The moonbud community is also proud to have grown to nearly 2,000 holders in this timeframe, while placing moonbuds total value at nearly 5M. + +&amp;#x200B; + +Moonbud plans on having multiple developers around the world, (UK, US and more,) be publicly revealed for a charity drive video at animal shelters of the communities choice, at this rate the team is stoked to announce to be shooting for a $1,000,000 USD donation, which is easily attainable if they've already raised $150,000 in a day. From what I've seen the team is extremely business oriented and plans on launching a professional grade site next week and rampant guerilla marketing, while sitting at such a low mcap and raising so much money moonbud seems like the only memecoin that a real steal. + +They're are some huge names behind this and if they do what they promise, this is going to have a safemoon like run, or other projects or going to aim to have a moonbud like run. a $1B market cap due to millions in donations and more is easily attainable. + +I'm stoked to be a part of the moonbud community and have heavy bags that are ready to help animals around the world. + + + +Website(v2 next week): [https://www.moonbud.space/](https://www.moonbud.space/) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +Chart: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +Bscscan: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +&amp;#x200B; + +**PS:** A little birdie told me there's some HUGE names involved in their marketing, take this as you will. + +UPDATE: WE’VE NOW RAISED 400K USD for animals folks, that is nearly half a million dollars! + +UPDATE 2: WE’RE BREACHING 3,00 HOLDERS! +I have seen some past polls on net worth or goal net worth and got curious how much debt do we have. Is anyone employing buy, borrow, die? To what extent? + +I will go first! I have just under 950k in debt. It includes primary home, rental real estate and my car. + +Edit: household net worth is ~2M +Hi everyone, + +We all know careers don’t just materialise out of nowhere. Hard work, chance, and opportunities come along to push you forward. + +But generally, you need a break - a chance to get into your chosen area, to learn vital skills that set you up for a career, or to step up into a more senior role. And from there you go on. + +My question today is: what was the big one for you? The chance that set you on your path and got you started? I’m sure there are a lot of younger Redditors who’d love some encouragement and those of us who are a bit older would be keen to hear from others too +Summary of changes: + +&#x200B; + +\- repeal the age cap for contributing to individual retirement accounts, currently 70½. + +\- increase the age to start taking required withdrawals from 401(k)s and IRAs to 72 from 70½. + +\- encourage 401(k)-style plans to offer annuities by giving certain employers some protection from future liability if their chosen insurer fails to pay claims. + +\- allow parents to withdraw up to $10,000 from 529 education-savings plans for repayments of some student loans . + +\- parents could take penalty-free distributions from retirement accounts of up to $5,000 within a year of the birth or adoption of a child to cover associated expenses. + +\- allow employers without an affiliation to band together to offer a 401(k)-type plan—an effort to encourage companies without retirement plans to offer them. + +\- repeal a 2017 change to the so-called Kiddie Tax that often boosts tax rates on “unearned” income received by children in low- and middle-income families and was causing surprise tax increases for many. + +\- To help pay for the changes, the House legislation would require many people who inherit tax-advantaged retirement accounts to withdraw the money within a decade and pay any taxes due. The Senate version, the Retirement Enhancement and Savings Act, or RESA, would require beneficiaries to liquidate balances above $400,000 at the date of death within five years. + +&#x200B; + +The bill passed 417-3 and the Senate is expected to vote on the House Bill, according to the article. + +From an article here: [https://www.wsj.com/articles/house-on-track-to-pass-bill-making-big-changes-to-u-s-retirement-system-11558625474?mod=hp\_lead\_pos3](https://www.wsj.com/articles/house-on-track-to-pass-bill-making-big-changes-to-u-s-retirement-system-11558625474?mod=hp_lead_pos3) + +&#x200B; + +&#x200B; + +What does FI think? + I moved to a new state a few months ago, and as soon as I arrived, I started applying for new jobs. I quickly landed an interview with a small boutique company, and I made it through all their rounds and they made me an attractive offer. + +I was provided with a solid base salary with standard benefits, and I signed and returned the offer letter. That was around 3 weeks ago and I'm having major concerns about what I've gotten myself into. + +Right after I started, they informed me that they were not able to actually offer me any benefits until the project was completed, which by their estimates was 30-60 days. I figured I could handle that, but now the general consensus is now that things won't be done for another 6 months or so. I plan on emailing my boss to see what the plan is for that, but I almost feel like this is big enough of a red flag to just walk away now and not even bother getting an answer. + +On top of that, I think I was seriously misled about my role. I was supposed to train during the final stages of the project installation, and then provide very basic technical support once it was done. I'm somehow now managing every detail of the project, from dealing with vendors to creating labor schedules. I have zero experience with anything like this, which is bad enough, but the entire project is slowly spiraling out of control. Like I said, they are months behind schedule, and every day, something else goes wrong, and I, even though I'm the new guy, am expected to report and resolve everything. + +I have no idea what to do. I'm up to my ears in emails I don't understand. I don't even know what to say to my boss...how can I tell him he chose the wrong person for this job without just saying he lied to me about what the expectations were? +Hi everyone, I am building up my dividend stock portfolio, I will start with around $1K and add somewhere around $100-200 every month. I have a list of stocks that I will buy in the upcoming months and I was wondering what would you add or remove from this list? + +* IBM (4.56%) +* Coca-Cola (3.06%) +* McDonald's (2.21%) +* MMM (2.91%) +* Altria Group Inc (6.92%) +* P&G (2.37%) +* Visa (0.56%) + +This portfolio currently averages a 3.48% yield annually and provides $55 annually with $1,600 invested. I think this is a pretty good yield. I wanted to merge the dividend kings, and growth stocks altogether but I was wondering if this could be a good portfolio. What do you think? +Edit: I have opened it in HDFC, went smoothly. Super fast opening and deposit process. + +I only have a savings account in HDFC. Don't want to go through the process of opening one at SBI just to be able to get a PPF account there. So wanted to know, is HDFC reliable in its PPF management facilities? Smooth customer care? + +Please let me know if there's anything ultra specific to HDFC I should watch out for, apart from the listed info on their website. New to the sub, but couldn't find exact info on this in the sidebar links. + +Thanks in advance! +The latest [UK regional house prices](https://www.gov.uk/government/statistical-data-sets/uk-house-price-index-data-downloads-december-2020) were recently updated to give the average property prices as of Dec 2020. This should account for the recent CGT inspired boom. + +I put this data into Tableau and created a simple tool where you can enter your income, deposit and the property type, then the tool will tell you which parts of the UK you can (or cannot) afford to buy! + +[https://tarsolutions.co.uk/blog/uk-house-affordability-calculator/](https://tarsolutions.co.uk/blog/uk-house-affordability-calculator/) +End of year report: + +I opened my Robinhood account on December 31 2020. As of today the "1 year" and "all time" charts will say different things, so *that* is a muscle memory thing I need to unlearn.. + +Top of the line: up 35.66% percent this year + +Not only is this like 8% higher than SPY, based on the way Robinhood handles total return graphs this is actually understating it due to the fact that I added money during the year. If I deposited my entire account balance tonight said percentage performance would be cut in half since it assumes all deposited cash increases the initial cost basis. + +Max drawdown: 12% (still haven't fully recovered) + +Measured from my account's ATH in November to the trough in.... well later November. RIP meme stocks. At least we stopped the bleeding. + + +Holdings types: + +Even though I call it my "options account" about 1/3rd of it is in various ETFs (and a microscopic amount of BRK.A) that I'm not using as collateral for options plays. This is the money I had earned from political betting on PredictIt, plus whatever I decide to throw in every once in a while. This is segregated a bit, as I literally haven't rebalanced at all and don't consider selling these ETFs for more theta gang plays. + +The options portion is funded entirely through stimulus checks, tax refunds, and the realized gains from options trades. This is to reduce stress in case I fuck up because why panic sell if it's "fun money"? + +General strategies: + +I did a little bit of everything theta gang related. Debit spreads, credit spreads, wheeling with covered calls and selling puts, diagonal spreads with deep in the money calls to simulate a covered call with leverage, doing the same to simulate selling a put with leverage, etc. Somehow managed to control positions in a way so I could keep rolling for a realized gain rather than be forced to realize a loss (without being stupid and rolling out 2 months for a 5 cent net credit). + +Favorite positions: + +Wheel trading AMC and BlackBerry. No leverage, just selling puts and making money until you're assigned then selling covered calls until you're assigned. Being meme stocks, I could afford to have stupid timing and make money. + +Least favorite positions: + +Buying Ford and Nokia LEAPS with 3 to 1 and 6 to 1 leverage to sell covered calls against right before they both trended down. Yeah... not fun. Haven't worried about a position that hard since. The sweet spot is clearly 2 to 1. Less extrinsic value that way. + +Taxes: + +My taxable gains is slightly higher than the amount I'm up due to unrealized losses. Let's hope I didn't violate the wash sale rule. And I can just import my 20 page 1099. + +Payment for order flow: + +According to regulatory filings, Robinhood makes 60 cents in revenue for each options contract traded. So I generated approximately $530 in payment for order flow revenue for them, more than probably any other financial thing besides my car lease. This is based on the trades I've already done and the inevitable closing of contracts I currently have. + +Targets for next year: + +Use less leverage, don't sell weekly stock options (for various reasons), and buy more LEAPS debit spreads that just need the underlying to not plummet 9 months to a year from now in order to make money while reducing reliance on meme stocks. + +All around a good year. I have no idea if these returns are sustainable absent of a strong bull market or a market full of meme stocks with a much higher implied volatility than realized volatility to take advantage of in options pricing. But since I'm taking advantage of theta decay for almost all of these strategies, I am far less likely to be BTFO'd than if i bought ATM LEAPS if markets go down or sideways. + +But yeah, I'm tempting fate if I go as far to say this literally can't go tits up lmao. + +***Disclaimer: options trading is a speculative investment. It includes market risk, liquidity risk, volatility risk, and getting screwed for reasons you didn't think of risk. Ask a financial advisor if options trading on Robinhood is right for you, and fire them if they say it is. You should not be doing this under most circumstances. I shouldn't either, but it's too late for that. Buy SPY, QQQ, and/or VTI before it's too late, I am warning you.*** + +***Please read the prospectus before considering investing. Past performance does not guarantee future results. Especially if said performance only covers bull markets.*** +Hi All, + + +In short, my Mother In Law has over $600,000 sitting in her savings account after her partner died, she injured her back badly enough that she couldnt live by herself so she sold the family home and chipped in with my Wife and I to buy a bigger place to suit a dual living situation. + + +Problem now is investing the rest, shes terrified of stocks regardless of how safe or diversified I tell her they can be, and she also doesnt want to buy a property that would require a mortgage ontop off (rental income would cover this) the only thing she is keen on are Term deposits which are barely "investing" and just ease inflation. + + +Does Ausfinance have any suggestions on how I can best suggest she use her money to make sure she can live without needing work for the rest of her life? + + +(I did suggest she could pay off our mortgage and I would pay her back over the 20 years remaining at our current interest rate but no dice) +I have just got my feet wet with my first multi-family, and look towards acquiring more and potentially even getting back to construction. I am an Electrician by trade, and know there is a lot of knowledge on the table I may be missing. I’ve tried reaching out to a few CPA’s that aren’t taking new clients. + +I am curious if anyone else with rentals, found tax advantages that were major in helping them in general, and even in scaling their business? +&#x200B; + +https://preview.redd.it/g40qj0t8a6871.png?width=1600&format=png&auto=webp&s=e58711dcbffbcf5b77e22c30f4eb288c5f36b0fd + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/307847saa6871.png?width=680&format=png&auto=webp&s=6b4dbc28ddc45cf587f34f12f53aeba2837d6d5d + +Reverse Repo's + +&#x200B; + +https://preview.redd.it/jz7dl7yja6871.png?width=696&format=png&auto=webp&s=1e43a621422e4cb161dedc121e4e4295111f9dc8 + +Reverse repo's at 803.019 with 75 participants + +&#x200B; + +https://preview.redd.it/npos90oma6871.png?width=960&format=png&auto=webp&s=87545361a47cf911c6f77c7e815f637bd0d8a218 + +The exponential floor by u/jth1 + +Seems like the Sideways trading guy and exponential floor guy are joining forces :P + +&#x200B; + +[credit to u\/VeryUnscientific](https://preview.redd.it/d20n7jmgb6871.png?width=960&format=png&auto=webp&s=bb5c8162fd61d9c125685fb27882bc1d4579f38a) + +# The Russel 1000 + +We've not seen a lot of movement this past week, but we did expect it, so today is the last T+2 day of the Russel 1k, meaning we could see some movement today, but perhaps they are also having trouble to find enough shares to even buy in right now. + +It's unknown, but I guess time will tell. + +&#x200B; + +https://preview.redd.it/2utwjvbsb6871.png?width=828&format=png&auto=webp&s=dd83e06afba9345fc916b85b52ffabbe0ad797f1 + +# NFT + +Foobar posted this screenshot yesterday, so I thought I'd check it out real quick. + +He has since posted an update a couple of hours ago that "Revest" is not in any way related to GME. + +&#x200B; + +https://preview.redd.it/fsrg6q26c6871.png?width=450&format=png&auto=webp&s=aad0117b26451767deb80f258a5b8a205c9a13fb + +So guess we'll still have to wait for some news to come out on that aspect and known what it will be. + +Give it time guys, no rush. + +&#x200B; + +https://preview.redd.it/ld644qcnc6871.png?width=750&format=png&auto=webp&s=05836b2823f26e805d71ea1408ce378fc1c2dc27 + +Reply u/bpawsitive got from the GME Blockchain team. + +Love the sentance "We are humbled, and jacked as ever about the future".... let me feed my bias ok, stop judging me Karen. + +https://preview.redd.it/1na2cc3xc6871.png?width=960&format=png&auto=webp&s=94a037719dea5bec0e02b83f1f381c994c8a0af7 + +Also seems that GME is not slowing down with those Fire hires 🤔 + +&#x200B; + +https://preview.redd.it/zfv4uii2d6871.png?width=960&format=png&auto=webp&s=7ea34624e6b8ffed7172f071c119b7c7b82ff33a + +# Banks go Batshit with Dividends + +Ok so this one is a little tin foil, because this is off of memory and I couldn't find a source for the following. + +<Tinfoil> I can remember in 2008 months before the actual crash happened they were pumping up dividends higher than usual, I was not involved in stocks back then so... yeah the fact I know about it shows that it was a big deal at the time and may have been an indicator of the incoming crash</tinfoil> + +from u/Prof_Dankmemes + +Multiple banks (including JPC) are citing the Federal Reserve Stress Test as the reason for raising their dividends this quarter. + +The lack of oversight and balance of power is fucking criminal: + +Banks own the FED ➡️ FED pushes a “stress test” that cites outdated and underreported data ➡️ Banks then cite the “stress test” as proof that everything’s fine, that ‘hyperinflation is nothing to worry about’. ➡️ Banks and bank-owned MSM use the story to raise dividends and raid their own cash reserves one last time before American Bastille 🤬 + +&#x200B; + +https://preview.redd.it/6y2313s8e6871.png?width=960&format=png&auto=webp&s=f5951228c485962ad39bbf413b9012cd0e19d045 + +Ya'll like barcodes? + +[https://www.reddit.com/r/Superstonk/comments/o9qeq7/russell\_1000\_1\_min\_chart\_wtf\_is\_this\_i\_have\_never/](https://www.reddit.com/r/Superstonk/comments/o9qeq7/russell_1000_1_min_chart_wtf_is_this_i_have_never/) + +it sorta got debunked + +[https://www.reddit.com/r/Superstonk/comments/oa1kvz/about\_the\_russell\_1000\_photo\_going\_around/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/oa1kvz/about_the_russell_1000_photo_going_around/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/4almrsfie6871.png?width=4096&format=png&auto=webp&s=79a8571555f3a978d3460697cfb44426f6fe8bfd + +SVR by Annihil4tionGod on twitter! + +&#x200B; + +https://preview.redd.it/dmw2burbe6871.png?width=554&format=png&auto=webp&s=aa312f680d616fbc84abf6566c91a46c0201d5a0 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/j3q4s2hee6871.png?width=400&format=png&auto=webp&s=9278008a17189e13a276e1979111aeabc40542c1 + +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) +I have some friends and family who are pro crypto. I have other important people in my life that think crypto is a scam. (A tulipe they call it.) Last week I finally convinced one of my best friends to buy bitcoin above 60K. The dump on Saturday effected our relationship. He is very upset with me. I’ve been in the crypto space for almost one year. I would recommend to everyone to avoid giving financial advice to friends and family. It’s not worth ruining a relationship. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + +How do you go about investing in SGBs? I am planning to buy SGBs but I have few questions and would like to kbow what this sub thinks about this. + +Question is specific to investing through primary market and not secondary market (Edit: I changed my mind on secondary markets as I was not completely aware about the facts, please give your views on buying from secondary markets too). + + +1. Do you have a fixed asset allocation percentage for SGBs? + + +2. If yes, how much and how do you plan for it? + + +Let us say your asset allocation calculation comes out as 5k per month for SGBs. How do you invest this 5k as SGB tranches are not released every month? Do you keep this 5k (per month) in savings bank till a subscription period comes up and then buy SGBs? Or do you follow any other way? + + +3. Finally the most important question for me: Do you invest in every tranche to average out the cost (like SIP)? + + +This specific question because SGB bought at higher price gives you higher interest but will (not always but likely) give you lesser capital appreciation (in percentages). + + + +Please discuss, any inputs will help. +I’m realising I’m stuck in a dead-end Helpdesk job that doesn’t pay well. My partner is the same age and getting constant pay rises and moving up the ranks in his field and I’m worried I’ll be doing this forever for very little pay. + +I really want to change fields and study/do an apprenticeship. + +What age is too late? Does anyone have experience with changing careers later in life? Will I still get hired in 3-4 years time with no experience? +Half question, half rant, so I apologize if it leans too far into rant. :) I promise I am genuinely curious. + +&#x200B; + +I'm a 28 Y/O, unmarried male, no children, only debt is some low-interest student loans I've been paying down (started at 40k, currently at 17k). I've been living / working in NYC for the past 4 years since graduating college. For the first 3 years I was making $90k and now I am making $140k. NYC is a very HCOL area but I think I'm doing pretty well for my age. + +&#x200B; + +This entire time I have been trying to do all the "right" things, contributing to 401k (no employer match), saving as much of my pay cheque as I can, etc. I have about 35k in tax advantaged accounts (401k + ira), and I have 35k in liquid cash in my savings account (emergency fund. $1900/mo rent + $650/mo loan payments + general COL expenses (food, phone, internet, etc) I aimed for a generous 6/mo buffer). + +&#x200B; + +So I'm barely scratching 70k living in a crappy apartment and with a high-paying job, and I'm seeing tons of people posting on this sub around my same age / a little older, pushing $1MM+ in NW! hell even 500k is impressive to me. + +&#x200B; + +Wont lie, I am quite jealous, but more than jealousy I would love to learn how I can DO that. How do people get such high NW so early in life?? Even if I was putting all my spare cash into the market I'd be nowhere close to that NW..... How do people gain wealth so rapidly (vs over a 30+yr timeline or something)?? +I am currently single, no dependents, and I live with my parents, who don't charge me rent aside from some insurance and utility payments. I have most of my earnings stowed away in a savings account, so it's kind of just wasted potential there as it doesn't accrue much interest. + +I was recommended Edward Jones by a colleague but after some research I've read that Vanguard is supposedly a better organization, though I'm still at a loss as to what to do, where to start, or if there are better options besides utilizing an investment firm. I'm also thinking of getting my bachelor's, so I'd need to factor that in to my plans as well. +Hi! I'm (F,19) and I have a little more than $30,000 currently saved. $2,100 in a checking acc, 6K in savings acc, another 5k in a checking acc. I have 9k in a 401k through a previous employer. I have 8k in a roth IRA. + +I have so much money just sitting around. I really don't know the smart thing to do w/ it!! Any advice? + +ps. I've been working since I was 17 which is how I've managed to save so much. I also have 3 credit cards (my own, not AU- discover student, chase freedom, and the apple card). i'm a college student, gonna graduate under grad in 3 yrs and going to vet school. don't have any costs for college bc i'm on a full scholarship, just the price of the apartment i would have stayed in (rip, i decided to stay at home since i got a job at a vet clinic which is valuable for experience and high pay) +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! + +Update : A clarification has been released, media has falsely reported the figures. The gold found is 160 kg, not 3000 ton. + +I recently read that around 3350 ton gold mine has been discovered by Geologists in UP, India. Just asking how is this news going to affect gold price in India and the world? +I just refinanced my mortgage. I checked my account and to my surprise my mortgage and someone else's was withdrawn. They withdrew in excess of $4k. + +They admitted the mistake but refused to immediately return the unauthorized transaction. They said it would take 10 business days to "refund" the transaction. I told them it isnt a return as it wasnt authorized. My account is now overdrawn, and my auto payments are bouncing now. + +They acted very smug and like it was something I should just accept. It is their fault, what actions can I take? I'm sure their terms probably attempt to remove most of my abilities. + +My bank locked the transaction, but it really doesnt help. I assume their is a limitation to what my bank will cover. + +Please help. +Hello Everyone + +Hope everyone had a very green week and made a decent amount of cash. With the advent of a number of people getting into penny stock trading and all stocks being on a recent tear recently, I noticed a significant uptick in the number of followers for popular Furu's also known as financial advisors. However not all Furu's have your best interests at heart and might set you up for pumps and dumps and hence it might be a good idea to spend time understand what a pump and dump actually is and how it happens. + +# What exactly is a pump and dump + +A pump and dump basically is a person or a group of people hyping up a stock and once it hits their target goal, dumping the stock which then goes crashing down resulting in people who bought at a high holding bags for a long while until the next pump and dump happens. The hype can be different ways such as claiming that the "charts are primed for a run", "this is an undiscovered crypto or weed stock" and so on. Sometimes pump's can also be done by circulating old news as new and hyping it up. + +# How do they do it. + +Now I wont claim,I understand how every pump or dump happens, but here is the general modus operandi. + +To make this personalized, lets called this Pumper **Mr S** who has a large twitter following and\\or a large chat room + +1. Mr S find a low float stock or a stock which he feels has some relationship to some recent hot sector or news. Sometimes, it might have no relation to a hot sector but just something they can push +2. He then slowly buys small amounts of the stock over the period of the day. This is important. The reason, they dont want to go all in because you want to ensure the share blocks dont hit scanners and alert others. So it might be like 10,000 shares in the morning, 20,000 shares after lunch, another 20,000 shares in the afternoon and so on. These are obviously imaginary numbers and the number of shares mights be in the hundreds of thousands too. Here is a chart showing the purchases + +&#x200B; + +[Quiet buys which dont cause much of a price spike](https://preview.redd.it/7kaukhhpzdh61.png?width=714&format=png&auto=webp&s=e46c5da9c875d0a2923465910048c5557c34c9de) + +&#x200B; + +3. Lets assume Mr S has a number of favorites in his chat room or a private chat room in his larger chat. He then informs them that he is going to post a DD about this hot stock "ABC". The people in the private chat room buy into the stock. + +&#x200B; + +[Getting in his friends to buy](https://preview.redd.it/0w5m0b3rzdh61.png?width=1140&format=png&auto=webp&s=b07d1bd778958d1658f40a2c9c62eedfe9242b83) + +&#x200B; + +4. He then posts to his larger chat room and might post on twitter as well (and stocktwits) and everyone jumps on the stock giving a huge boost of volume as shown here + +&#x200B; + +[The chatroom\\ twitter following jumping in](https://preview.redd.it/hcck92tszdh61.png?width=730&format=png&auto=webp&s=72ac2a7dc7e2c7ca02a65c1c2ff750c6cb32fea5) + +&#x200B; + +5. As the stock spikes, it immediately hits people's scanners (see the volume bars increasing) and shorts jump on the stock. + +6. To prevent it from crashing, he posts more tweets or posts on his chat room or stocktwits saying that *this stock is going to go 5+ or some number* ensuring people who did not see the tweet\\chat room post\\ stocktwits post now see it and get into it and provide more momentum. Remember volume is key. This results in another fresh amount of buying as shown here (also note the volume is still really good) + +&#x200B; + +[The boosts](https://preview.redd.it/n3ooo5jyzdh61.png?width=1004&format=png&auto=webp&s=c5d32d5367cfa96f670fd9ff959398fe7fb8638d) + +7. As the stock goes to its highs, he notices that the volume is dropping and he starts to scale out his position. The selling of the stock (and shorts piling in and people panicking about the stock dropping) causes a downward push + +&#x200B; + +[Take profit area](https://preview.redd.it/1nd78uk00eh61.png?width=1232&format=png&auto=webp&s=b611f0f0df8137ceb652e350ca07ba6316562daa) + +&#x200B; + +8. Sometimes another tweet or a chatroom post might cause a surge in buying but most of the people who might get into the stock are already there or trying to get out and the downward trend continues + +&#x200B; + +[Possible boosts](https://preview.redd.it/souugte20eh61.png?width=1138&format=png&auto=webp&s=01688aa654dd725c7c781accd2ac2e5ecb0293b4) + +&#x200B; + +9. The stock continues its unfortunate downward trend and people who jumped in on this stock at a high are then left holding a bag (see the downward trend and the drop in volume too) + +&#x200B; + +[The sad downtrend](https://preview.redd.it/29a28zv30eh61.png?width=1280&format=png&auto=webp&s=68a9c94d45150a68ede5a0ccfcd1b52fa57c5e7f) + +&#x200B; + +To encapsulate this all , **here is the whole chart for the day. See how the stock was dead and suddenly spiked (also closely observe the volume)** + +&#x200B; + +[Whole day's chart](https://preview.redd.it/ya6gwom50eh61.png?width=1170&format=png&auto=webp&s=c6fb9a5775803157d9be685d1b41bac08d54649d) + +&#x200B; + +# Things to note + +There are a few important things to note + +1. Most of the pumps and dumps happen in after hours. This is because there are no halts which give time to people to check the reason for the run if any +2. The after hours also dont have stop losses which basically means unless people are quick enough to observe the drop in volume or have got in early , they are stuck. It also allows for shorting opportunities +3. The stock was mostly dead through out the day and suddenly spiked + +# So how do I avoid this... + +There are a few basic things you can look at + +1. **Always look to the left**. This is one reason you should never be trading at the 1 minute chart since that doesnt allow you to see how the chart has traded the whole day. I **prefer using the 10** minute chart **though some people prefer the 5 minute chart**. Both Webull and TD Ameritrade (Thinkorswim) allow me to specify the time range for the charts (Robinhood users, if you are still using it, please get off it and get to a [proper broker, this post I wrote about broker options might help](https://www.reddit.com/r/pennystocks/comments/l8e01q/for_those_looking_to_move_from_robinhood_here_is/)) +2. **See the general trend,** if the stock was dead before the sudden spike as the example showed, it most likely is a pump and dump +3. **If you really want to get in (which I strongly recommend against)**, atleast check to see if there is any reason why the stock might be running and keep a limit order set which you can drag up and down in case the stock starts to dump + +As always, few of my previous posts which might help + +[Setting up a scanner for Thinkorswim for penny stocks](https://www.reddit.com/r/pennystocks/comments/l36uwg/a_scanner_which_has_got_me_a_pretty_good_success/) + +[How to filter stocks from your scanner to choose which ones to invest in.](https://www.reddit.com/r/pennystocks/comments/lbgs07/how_to_filter_stocks_from_your_scanner_to_choose/) + +[My broker comparison post which i referenced earlier](https://www.reddit.com/r/pennystocks/comments/l8e01q/for_those_looking_to_move_from_robinhood_here_is/) + +To connect with me, **please view my profile details**, thank you. +This may be a controversial opinion and I'll probably get several "remind me in X years" comments so people can come laugh at me if I'm wrong, but I really believe this. We all know that memecoins like DOGE have pumped and made many people rich. That's why people invest in memecoins, because it's a potential goldmine if you get in early with the right one. However, once a memecoin pumps, how will they attract new investors if they think the main pump has already happened? + +This has already happened with SHIB. Why did so many people invest in SHIB? Because they saw what happened with DOGE and bought into what they believed was "the next DOGE", a new memecoin with a growing community that they thought could "do what DOGE did". And they were right! The early investors have made a lot of money with SHIB. However, after the BIG pump is over, do new investors want the coin that has already had the big pumps, or the newest memecoin that has the potential to do what that memecoin did? + +Memes die, and so do memecoins. How often do you see Ugandan Knuckles memes anymore? The kind of people who invest in memecoins are trying to find "the next DOGE" or "the next SHIB", not DOGE or SHIB. So once new investors believe that the project has already had its big pump, they move on to the next one. Because anyone looking to invest in memecoins for the big money gains will invest into the newly rising memecoin that has yet to pump, not that ones that have already had their day. +I am in recovery from a 10 year addiction. I have never saved money, I have no sort of fiscal knowledge. I have downloaded rocket money, and other well known financial apps, yet I feel a bit overwhelmed. 540 credit score, never had a credit card, about $550 owed in collections. (Hospital bills) I make $450 a week, and I am a full time student. I own a car with 250,000 miles, rent for $600 a month. How do I set financial goals? Is there anywhere to get free financial information? I know this post seems wordy and confusing, that's because I feel lost. +Hey All, + +I’m 28 years old and currently in 22k worth of debt across multiple lenders. I have been on payment plans for some months which has really helped but with some of them defaulting soon, I have opted to pay these up to avoid default. + +With this in mind, my minimum payment will go up making it hard for me to manage payments again and i’m wondering if there is anything else I can do. I earn 32k per annum, live at home and am looking for ways out of this, have been offered an IVA but many people have told me this isn’t the right solution. + +When payments go back up i’m worried I will get depressed again and won’t be able to afford the cmp’s across my accounts. + +Any help would be appreciated. + +Edit: Have spoken to Money Advice service AND StepChange already, they recommend debt management plan which i’m already on. I am trying to avoid further default status however so now have paid these up and will be back to my cmp, hence the worry about the contractual minimum payments. + + + +I was eating dinner with my family when a private number called me. +It was a customer service manager from Etoro. + +He was very polite, he was very patient with me and he was very understanding of why I am requesting what I am requesting. + +Later in the evening he followed up with an Email, I’m going to leave it in the comments. + +The phone call was much the same of my lengthy email chain. +He made it clear he was calling to apologise for the incorrect information given to me from the support team - they can not provide a letter showing the shares they have purchased on my behalf. The chat help lady had literally stated that they will do this. + +We spoke about Etoro not being able to provide proof of ownership and he confirmed I can not transfer out. His thoughts on the situation were for me to close my position and then move to another broker, I responded by explaining that makes me feel more so that Etoro does not have my shares registered in the first place. +I am not closing my positions. +I questioned what’s stopping them from transferring my shares? I’d be happy to pay the buy/sell difference if there is one. And then they have my shares and move them out. It all works the same. + +This can’t be done he said. And so we went around in circles some more. + +He also said that Etoro are doing their best to keep their customers happy when it comes to GameStop stock and it’s situation. They pushed to make sure their customers could all vote. +I agreed that was really cool of them. As I think about that while I’m writing this now, wouldn’t that provide some tiny evidence that they hold GME shares?? … Hmmmm + +I asked what reasons Etoro would ever have to step in and close trades, to sum it up it seems his answer was it wouldn’t be a decision Etoro would make but more so if the exchange made a decision, which would affect all brokers. + +I explained how Etoro closed my positions in January, I said I woke up one morning and my positions were closed and this was apparently because of a ‘glitch’… I said if that had have been tens of thousands of dollars I’d have been really upset. So in January I actually had to buy back in. +I explained that this, plus Etoro not providing any evidence of registered shares gives me enough reason to lose trust. + +He could only offer his understanding. + +I also explained how I believe there is evidence that brokers are struggling to locate shares for customers who have opted to transfer out. I said it is highly possible certain brokers are taking retail investors money and not purchasing stock at all.. + +Long ass story short.. +I think this phone call was initially made to try and close my case, but I made it clear that I am continuing with my open case with the Australian Financial Complaints Authority. +He said I have every right to continue with it even though he doesn’t believe it will get me what I am after. +At the end of the day, Etoro have given me their word that they have registered shares for me. And this simply isn’t enough for me. + +I hope I can to push hard with AFCA. +I am still waiting to hear back from them, and my case is still open with Etoro as it gets pushed up again through management. I am going to receive another phone call. + +Also quick note from my last post, everyone that PM’d me with questions I apologize I haven’t had time to answer. I’ll do my best to reply. And everyone that responded with more helpful tips, thanks so much for every bit of input. + +[Link to original post](https://www.reddit.com/r/Superstonk/comments/q7w0xl/i_have_made_a_formal_complaint_to_australian/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Every time they've kicked the can down the road, we've only gotten more knowledgeable, more invested, and more committed. We've already won. Apes can do this all day/year. I was happy with 10,000,000 million but now I'm going to hold even longer out of spite :) + +We just need to wait now. Buy & Hold. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I've posted some memes on here before but this is my first take on a possible DD. I consider myself to be a two-wrinkle ape. No financial advice here y'all, just pure speculation that is awfully consistent. + +My theory focuses on three of the four times that the price of GME was most overtly manipulated downward, which was in late January, early March and right now. The big decline in late March cannot be explained by my theory but you’ll see that it doesn’t matter for what I’m talking about. I wondered if these blatant attempts had something in common, like getting too close to prices that would trigger margin calls, with the trigger price trending downward given accruing short interest. + +So, I did some simple math. The first peak was at $483.00 on January 28th and the second was at $348.50 on March 10th. The trading day on March 10th was 28 trading days after January 28th. The price difference between the peaks is $134.50. You divide this by 28 and you get $4.80. You could gather from this that the margin call trigger price decreases by $4.80 each trading day, or at least something close to that right? + +If you continue to decrease this theoretical margin call trigger price by $4.80 every trading day after March 10th from that peak of $348.50, then you end up with these amounts for the past week: + +https://preview.redd.it/lg9z1ztcoew61.png?width=600&format=png&auto=webp&s=a53ad88bb8d2be8fd4647f844fa9f55e989f126d + +A more precise rate of decline is $4.8035, so that’s why the numbers are a tiny bit off from $4.80. BUT HOLY FUCK! The closing price keeps getting **closer and closer** to the trigger price and this morning we were $8 higher than it, which leads me to my next point. **The true trigger price is DEFINITELY above this calculation I came up with.** Just because it peaked at $483 and $348 before doesn’t mean these numbers were the same amount below the true margin call prices at the time, which would throw off the $4.80 figure somewhat as well, but probably only by a small amount. I don’t necessarily think the decrease in margin call price is linear either like my model suggests. There are WAY too many variables and I’m just a two-wrinkle ape. However, the linear approach **fits the fucking narrative** of what has happened. + +Think about it. This is the first time that the price keeps getting close or surpasses (for four days in a row) to the margin call trigger price. Back in January and April, once it got this close to it, it fell sharply and they were okay for a while. This is the first time that its been this close and they cannot drop the price like they want to. That’s why we are seeing daily price manipulation in this fashion and this sell wall. They are doing all they can but there’s **no volume! APES ARE NOT SELLING THIS TIME!!!!** They can only drop the price so much and they are just trying to tread water to live another day! I know this analysis is very flawed but the macro-level linear trend corroborates the narrative of what we are seeing. The peaks in January and March provided the baseline to see how much the margin call price declined each trading day over that period of time. If all my speculation has teeth to it, we would have never been able to test this linear trend until this week because **this is only the third time** we have gotten this close to the theoretical margin call trigger price. So basically, three of the four times we have seen the most aggressive downward price manipulation are the same three times the price has gotten closest to some downward trending line of margin call doom. As for the fourth time, the price had been trending downward for two weeks before hand. Also, if you are the hedgies, who’s to say that you are only going to naked short the fuck out of something when your back is against the wall? + +That about sums up my speculation apes. Are your tits lactating yet? Buckle up, cause hedgies r fuk. + +EDIT: I could be completely wrong and just took the indirect route of explaining how the end of the big triangle is imminent. If that is the case, its still great news. +Hello Ausfinance + +Can anyone give me pointers to approach a landlord to buy the apartment we are currently living in? We absolutely love it here and are not looking for a house anytime soon, this will be our PPOR! + +I want to try and understand how to approach the landlord with an offer as if I was a landlord, I probably wouldn't sell if I had a tenant who was happy with the place and I knew the tenant would probably not leave. +**UPDATE BELOW** + +Hey guys, I just gave a short description of me. I am working remotely bringing in 3600 a month after all taxes are taken out. I am living home since I have no reason to leave. However, I have a lot of questions. + +1. I really want a sports car. Like, a camero, charger, challenger in the 20k range. I already have a SUV with 98k miles, but is this a smart decision? +2. This apartments I am looking at range (with parking included) are 2200 a month (Has literally all the bells and whistles and is so perfect, hence the price. Has a Jacuzzi and standing shower, walk in closet which has so much space that I don't even have enough clothes to fit the bottom shelf let alone the other 3 rows above, movie threate in-doors, etc. etc) or should I go with the 1500 a month that is still really nice, but once again, doesn't have all the shiny bells and whistles. + +My main question is what should I be saving. I know what the smart answers are, and even now, Im saying to myself "Lol, dont get a sports car, save in case your car breaks down and get a reliable, fuel efficient Honda/Toyota(Which, the Accords are pretty badass) + + +But, can I splurge on an apartment and pay 700$ a month more for the luxury? What are some random expenses that come up or is it just plain dumb? I plan on living home for another 6 months or whenever COVID is up so I keep on saving, but when can/should I spend it on something big for myself? Cheers + +Edit* THANK YOU FOR THE ADVICE AND GROUNDING ME! + +**UPDATE** + +Wow. I am very lucky to have found this subreddit. + +1. I watched Graham Stephans video of Roth IRA vs 401k. I am investing in both now. (Going to max the Roth IRA) +2. Sports car = out of my head! The adrenaline rush is out of my head. I bought my car for 14k and paid it off in 1 year. I am running it in the ground and then buying a car in the same range when it dies (A reliable car that will last me longer, not a sports car) +3. I am still going to keep 5k in an emergency fund. +4. Luxury apartment = stupid. After doing research, a mortage for a 400k house is 2k a month... What? Haha +5. I am reading every single comment and writing notes - What is the most popular comments/articles & books to read etc. + +Thank you all so very much. I wish I could personally thank you all for the sound advice you have given me. My head is grounded, my emotions are under control with the hype of looking at these (moneypit) cars and how having a nice apartment means nothing when I cant go out with my friends to the bars! I cant express how much my mind has changed and it is really crazy. Thank you all once again :) +Hello, + +&#x200B; + +Is there anyone who algo trades on platforms like QC or others and making a decent percentage every month? You do not need to beat SPY or earn million dollars. + +&#x200B; + +Just looking for some success motivational stories that is real? + +&#x200B; + +Thank you +**Preamble:** The ability of Congress to trade stocks has been controversial from the start. The 2020 congressional insider trading scandal where Senators used insider knowledge to trade large positions in stocks just before the coronavirus pandemic crash was just one example where they used their privileged position for gain.  While there is scope for a lot of discussion regarding the legality/ethical aspects of this, what I wanted to know is + +**Did Congress members** **beat the market and can I beat the market if I follow their trades after its been made public?** + +**Where is the data from:** senatestockwatcher.com + +Massive shoutout to [u/rambat1994](https://www.reddit.com/u/rambat1994/) for putting in the efforts to create this site and make the knowledge public. The website has data of Congress trading from 2019. While I could observe that all the trades may not be captured by the site, given that we have more than 9K trades to work with, I feel that we should be good from a statistical significance perspective. Also, please note that the data will contain trades done by senators who are not currently in the senate (Either they were in Senate earlier and now in the house of representative or another position of power which forces them to disclose their trades) + +While Congress members are supposed to [report the transaction within 30 days](https://www.citizen.org/article/personal-financial-disclosure-requirements-for-public-officials/), the median delay in reporting that I observed for the trades was 28 days and the average delay was 52 days. There were some outliers that pushed the average up and are most likely due to the fact that their broker might not report the trade to them immediately. + +All the trades and my analysis are shared as a google sheet at the end. + +**Analysis:** + +A total of 9,676 trades were made by the members in the past two years. This analysis would be focusing on the stock purchases made by the senators. (The stock sales and the pandemic controversy can be a standalone analysis by itself). Out of the 4,911 Buy’s what I am really interested in is the 1,375 transactions which were over $15K. I decided on this cutoff as I did not want small transactions (<5K) to affect the analysis. The hypothesis being that if someone is putting almost 10% of their annual salary into one trade, they should be very confident about the stock. (I know that some senators are millionaires and this hypothesis would not apply to them, but adding their net worth would again complicate the calculations unnecessarily) + +**Results:** For all the stock purchases I calculated the stock price change across 3 periods and benchmarked it against S&P500 returns during the same period.  + +a.            One Month + +b.            One Quarter + +c.             Till Date (From the date of purchase to Today) + +**Returns made by the Congress** + +|Avg Return|% Change in Price|% Change in SPY|Change over SPY| +|:-|:-|:-|:-| +|One Month|2.55%|2.42%|0.12%| +|One Quarter|8.76%|7.42%|1.34%| +|Till Date|32.40%|26.40%|5.99%| + +At this point, it should not come as a surprise, but Congress did beat SP500 across the different time periods. But what I am really interested in is if it's possible to follow their trades after disclosure (after a time lag of 30 days) and still beat the benchmark. + +**Returns if you followed their trades (after the disclosure)** + +|Avg Return|% Change in Price|% Change in SPY|Change over SPY| +|:-|:-|:-|:-| +|One Month|2.0%|2.48%|\-0.48%| +|One Quarter|10.46%|7.89%|2.57%| +|Till Date|29.62%|23.73%|5.89%| + +If you had invested in the stocks Congress bought, even after adjusting for the lag of disclosure, you would beat SP500 over the long run. My theory for this is that Congress usually plays the long game and invest having a time horizon of more than a year as sudden short-term gains can put a spotlight on their trades. This gives the retail investors a window of opportunity where they can follow the trades and make a significant profit. + +**Limitations of analysis:** There are multiple limitations to the analysis. +