diff --git "a/reddit_finance_43_250k_31.txt" "b/reddit_finance_43_250k_31.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_31.txt" @@ -0,0 +1,10000 @@ + +Step 9 - Find a good trading community. Some traders prefer to trade alone, and at some point you might want that as well. But in starting out you absolutely want to be watching and listening to experienced traders as they trade in real time. How do you know if it’s a good community? First off, it’s not free. The types of traders you want to learn from are not going to be sitting in a chat room where people are posting rocket-ship emojis. But make sure you are getting what you pay for - tools that help you learn or find great trades, an active chat room that has experienced traders posting their trades live, and decent reviews. + +Step 10 - Don’t try to “Get Rich Quick”. Focus on finding strategies that work for you and have a high % rate of success. Use a method of tracking your trades. There is software that does this (but again, it cost money), or most brokers allow you to export your trading history to worksheet program. + +Hope this helps. As usual, Trolls will be ignored but I will try to answer all legitimate questions. +Has anyone tried the magic formula on Joel Greenblatts the little book that beats the market? Is it really that simple? I know everything money on YouTube tried to fund $150k worth and was up 60% in 1 year. +Hello Favorite Community, + +I had a convo with my FA today that made my stomach turn… I knew the second he spoke that I’d come here for advice. Thank you in advance!! + +High level details: 36/F, 2 young kids, $9-10M NW (down $2M from a few months ago, I know you all feel my pain). + +I’ve learned a ton from this subreddit (and hopefully contributed as well). You’re a smart bunch of cookies and I am REALLY hoping you can help. + +We are silly and use a Financial Advisor for $3M of our total NW. We know we should just VG and chill and have it in our plans to break up with him. He’s a nice guy and knows his business well but isn’t worth the $20K+ a year we pay in fees. I do really like him and he’s always been very kind to us. ANYWAY… we had a call with him today that really caught me off guard and made me wonder if I’ve been totally miscalculating my life. + +I have two kids and, after working full time nonstop since I was 15, would like to take a few years off to stay home with them. It’s hard for me to walk away from easy money but THIS SUBREDDIT HAS INSPIRED ME to bite the bullet (thank you) and do what I know will make me happy. + +My husband and I thought this wouldn’t be a problem with our NW, his continuing to earn (or not as he’d like to retire early as well), and counting of 3% returns on our investments. However when I told our FA today that I was considering stopping working, he said “my advice would be to not do that for more than 12-36 months, but sure you can do it for a while” —- i really thought he was going to tell us that with our portfolio/etc that I could retire and stay home with my babies but he seemed concerned that I was considering this and that it was a financially irresponsible decision to do for more than a few years … even with a NW of $9M+? I already have a lot of issues/financial insecurities stemming from childhood so his feedback made me suddenly feel like I need to get a second job or something and question my plans! + +I know we aren’t super rich or anything but we don’t plan on living an Uber extravagant life and are even happy to downsize if needed. + +SO, I ask you folks….am I missing something? Or is my FA right? Here are the deets: + +Rough NW: $9-10M + +Assets: +- Cash $400,000 +- Financial Advisor $3,000,000 +- Schwab $6,700,000 +- Opportunity Zone Investment (10 yr) $500,000 +- Real Estate Investment (guaranteed 7.5% returns / yr) $400,000 +- Home value $2,000,000 + +Total Assets = $13,000,000 + +Liabilities: +- Margin (Schwab - 1.9% + SOFR - autopay from investments) $1,800,000 +- Line of Credit (Goldman - 2.35% + SOFR - paid from checking) $1,000,000 +- Mortgage (3.125% Rate | Conventional | 30 Year Term - paid from checking) $730,000 + +Total Assets = $3,530,000 + +Cash flow : +- Monthly expenses (inc liabilities) $20,000 +- Monthly Income today (NET) $35,000 (not including bonuses/equity) +- Income in future if I stop working (NET) $15,000 (mot including bonuses/equity) + +Potential ways to make shortfall: +- Take Real estate Investment earnings as income $2,500 +- Pay off GS LoC with Margin from Schwab $2,000 + + +Questions: + +- thoughts on me just retiring to staying home with my kids? +- thoughts on us both quitting while still having liabilities (our FA said we shouldn't do this) +- FA said they wouldn't be comfortable with a $5k income gap (between exp + income) over a 3+ year timeline. At the same time, they said we should expect to rely on 3% rule for our overall investments. Confused me? +- are there any optimizations anyone could suggest for our investments/liabilities + +Like I said - we aren’t luxury type people and don’t need the high life. We have a mini van and a KIA and are happy with second hand clothes. Our money goes to mortgage, travel, way too high Whole Foods bills and activities with our kids (ok and I do get a massage 1-2X a month!). + +THANK YOU SO MUCH TO SOME OF THE SMARTEST FOLKS ON THE NET! +Holy Shit. Please bear with me as my blood is BOILING and I'm trying to get this message out ASAP! + +I think I've found the "expensive consultants" RC tweeted about: Macellum Capital Management (MCM). In 2019 MCM completed a hostile takeover of BBBY, implementing 9 new directors & completely new Management team. This seems to be status quo for Duskin & MCM. They have infiltrated several of Amazon's competitors, including: Big Lots, Citi Trends, Christopher & Banks, The Children's Place, Perry Ellis, and now they're on the hunt for Kohl's. (sauce [https://macellumcapitalmanagement.com/activist-campaigns/](https://macellumcapitalmanagement.com/activist-campaigns/)) + +If that's not enough 🚩🚩🚩, let's take a step back to see where ole Jon learned how to burn companies to the ground. Jonathan's career seems to be a series of failing up. (Linkedin sauce: [https://www.linkedin.com/in/jonathan-duskin-31550bb/details/experience/](https://www.linkedin.com/in/jonathan-duskin-31550bb/details/experience/)) + +**1998-2005** After starting out as a Managing Director of Lehman Brothers, he decided to be more hands on in the destruction of retail companies and moved to our favorite financial terrorist, Stevie Cohen's SAC Capital.**2006-2008**He left SAC in 2005 and shortly after made his first stint in retail as an "Equity Sponsor" at Goody's. I have no fucking clue what an "Equity Sponsor" is supposed to do, but it lead to Goody's filing bankruptcy just 2 years into his stint (sauce: [https://www.reuters.com/article/us-goodys-bankruptcy-sb-idUSTRE50D4MZ20090114](https://www.reuters.com/article/us-goodys-bankruptcy-sb-idUSTRE50D4MZ20090114)) Also during this time frame, he had the time to join the board of KB Toys. In no surprise, they filed bankruptcy in 2009. + +**2008-Current** He's done a better job covering his tracks since founding Macellum Capital Management (MCM), but I plan to dive into this more extensively and I hope Apes do as well. He served as Director for Wet Seal Inc. and Whitehall Jewelers, both of which have filed for bankruptcy. In 2017 MCM completed it's most contested takeover to date: Citi Trends. They appointed directors: Dyan Jozwick, Lana Krauter, and Paul Metcalf whose experience includes *gulp* SEARS, Kitson, Delia's, and JC Penny WHICH HAVE ALL FILED FUCKING BANKRUPTCY! Here's a good article explaining the situation [https://www.thestreet.com/markets/corporate-governance/citi-trends-tries-to-fend-off-directors-linked-with-failed-retailers-14039739](https://www.thestreet.com/markets/corporate-governance/citi-trends-tries-to-fend-off-directors-linked-with-failed-retailers-14039739) + +His takeover of The Children's Place really makes me sick, so here's an article if you want to read into it [https://www.therobinreport.com/jonathan-duskin-who/](https://www.therobinreport.com/jonathan-duskin-who/) + +**BBBY** It's tough finding info from the time of takeover because search results are flooded with RC's big swinging dick, but I found an interesting video of Coke Rat Cramer chastising the old management and advocating for the takeover... [https://app.criticalmention.com/app/#clip/view/70f9935b-04e4-449a-b306-a1114398211d?token=98429c13-671d-45f8-bf8a-812d73c18fe8](https://app.criticalmention.com/app/#clip/view/70f9935b-04e4-449a-b306-a1114398211d?token=98429c13-671d-45f8-bf8a-812d73c18fe8) + +**Kohls** Right now his targets are set on none other than Amazon's #1 clothing competitor: Kohls. MCM owns 5% of Kohls stock and has been aggressively trying to place 10 new board members in addition to the 2 they placed last year. The usual suspects in financial media have been criticizing Kohl's for underperforming while praising this parasite Duskin as the only hope to save the company... It seems the current Kohl's management has gotten wise to the Short & Distort/ Cellar Box strategy used against so many of their peers and has implemented a "poison pill" to fight back against the hostile takeover (sauce: [https://www.cnbc.com/video/2022/02/04/kohls-putting-in-a-poison-pill-is-unprecedented-after-only-two-weeks-says-macellum-ceo.html](https://www.cnbc.com/video/2022/02/04/kohls-putting-in-a-poison-pill-is-unprecedented-after-only-two-weeks-says-macellum-ceo.html)) This will be an interesting story to watch unfold. + +\*\*TLDR:\*\*Jonathan Duskin's firm Macellum Capital Management placed a new board of directors and management at BBBY in 2019. They've been raking in massive amounts of compensation while allowing the company to fail. He learned from his stints at Lehman and Stevie Cohen's SAC how to burn companies to the ground while personally profiting. This is the same strategy used against GME with plant Jim Bell and potentially others. List of companies he's had a hand in bankrupting: Sears, Kitson, Delia's, JC Penny, Goody's, Wet Seal, Whitehall Jewelers, and KB Toys. The ones that are up next can be found here: [https://macellumcapitalmanagement.com/activist-campaigns/](https://macellumcapitalmanagement.com/activist-campaigns/) + +Edit: to those saying this has nothing to do with RC's mention of "expensive consultants", 3 of the planted board members are literally owners of consulting firms: + +Andrea Weiss[http://www.retailconsultinginc.com/services.html](http://www.retailconsultinginc.com/services.html) + +Ann Yerger[https://www.cii.org/about](https://www.cii.org/about) + +Sue E Gove[https://excelsioradvisory.com/](https://excelsioradvisory.com/) + +Edit 2: Thank you all for the awards, but spend that shit at Computershare! I'm just as smooth as the next ape, anger is a hell of a drug to start uncovering corruption. I've watched too many friends and family members affected by these greedy pieces of shit to stay silent any longer. I encourage everyone to dig into this, it's just the tip of the iceberg. + +Edit 3: These are absolute must read DD's relating to Bust outs/Cellar Boxing: + +u/thabat + +[https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + + [u/jumpster81](https://www.reddit.com/user/jumpster81/) [https://www.reddit.com/r/Superstonk/comments/np33hr/amazon\_bain\_capital\_and\_citadel\_bust\_out\_the/](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) + +[u/throwawaylurker012](https://www.reddit.com/user/throwawaylurker012/) + +[https://www.reddit.com/r/Superstonk/comments/t9vd1z/burn\_the\_furniture\_kidnap\_the\_child\_the\_story\_of/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/t9vd1z/burn_the_furniture_kidnap_the_child_the_story_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; +My 22 year old son was the sole beneficiary of my work insurance policy, my 401k and my IRA. He was the killed in a car accident last week. I would like to make his daughter the new beneficiary but not have a situation where the mother has control of the money. Can someone explain how to do that? Is naming my granddaughter as the beneficiary enough or do I need to setup a trust first and name the trust the beneficiary? + +EDIT: I tried to reply to as many responses as I could but it got a little overwhelming. Thank you all for the advice, which seems to be consistent about what course of action to take and especially for the kind words and well wishes. +Looks like, after-all telecom is the next goldmine. + https://in.reuters.com/article/us-amazon-india-bharti-exclusive/exclusive-amazon-in-talks-to-buy-2-billion-stake-in-indian-telco-bharti-airtel-sources-idINKBN23B1F8 +**TL;DR: The DTCC published (created) a 'Distributions Service Guide on the 30th June 2022. This outlines how corporate actions are to be handled and exemptions for participants under certain distibution events like stock splits and stock dividends. Ie Dividend FTDs aren't tracked in a stock split.** + +&#x200B; + +**Obligatory introduction:** + +Punny again. As always, I'm just a humble user trying to find the truth. Like anyone, I have a little bit of crayon munching smooth brain in me. I may get things wrong but nevertheless, it's in good intentions and an everlasting pursuit of the truth. + +&#x200B; + +**I want to clear something up. From my understanding, The DTCC could not process the dividend as a 'Stock Dividend'. If the corporate event were to be assigned directly as a 'stock dividend', this would have meant that SHFs could have provided a CASH ALTERNATIVE. (Explained further on)** + +**They processed the dividend 'within' the stock split.** ***I think papa cohen did this on purpose.*** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Contents + +1 - The Depository That Clears Counterfeits + +2- Did they even have an option for 'stock dividend'? + +3 - Due bills & due dates...where's the shares? + +4 - Splittin' Facts + +5 - I bowwowed too much stok n now i'm fuk, help + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The 'Depository That Clears Counterfeits'... + +So, where do I start? It all began with u/joddodd post with the DTCC's notification of Gamestop's issuance of a split by dividend. + +&#x200B; + +[Noice.](https://preview.redd.it/eq50vegjhjf91.png?width=791&format=png&auto=webp&s=b13cb73424d83a4054f215adf1b835e09eaeeb84) + +As you can see, the DTCC tagged and labelled this as a 'stock split'...much to everyone's annoyance. Even the brokers, they seem confused as F\*CCCK. + +However, many people in the world rely on the DTCC's portal(?) to engage with them and conduct business. In doing so, they've created mountains of user manuals...which are publicly available...which I've opened....and tried to read...and found some shiz. + +Throughout this DD, I will highlight clear examples (of what I believe) of the DTCC's blatant attempt to mitigate the catastrophe that the stock dividend would've done to short sellers and brokers. + +&#x200B; + +&#x200B; + +[Convenient time to update your policy.](https://preview.redd.it/ub860oe6jjf91.png?width=1439&format=png&auto=webp&s=081de0c1a31c6288a87fc1890b9ca41e69b053b2) + +&#x200B; + +# Did they even have an option for 'stock dividend'? + +Yes. Yes they did. They seemed to have purposely mis-assigned this corporate event to suit them (more on this below). + +&#x200B; + +https://preview.redd.it/jylo3z12jjf91.png?width=1455&format=png&auto=webp&s=c0965e50fa7cb6c104e545e3bda024d42f82e088 + +This isn't something crazy. Gamestop didn't try a specialist tactic. This is clearly a standard procedure (undertaken by many companies before). **However, it appears that in order to process this...** + +&#x200B; + +**IF IT WAS DIRECTLY ASSIGNED AS A STOCK DIVIDEND, THEN A CASH ALTERNATIVE COULD'VE BEEN OFFERED. IMO, PAPA COHEN DID THE DIVIDEND INSIDE THE SPLIT TO PREVENT THIS.** + +&#x200B; + +https://preview.redd.it/fln2oomhsjf91.png?width=1737&format=png&auto=webp&s=faf008e6180abc6ba512e450423ff7a2e9049303 + +&#x200B; + +https://preview.redd.it/9tlo76ymsjf91.png?width=1888&format=png&auto=webp&s=cf50d304dc4ef5637e0f0ac77d1cb16f485257de + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# Due bills & due dates...where's the shares? + +Interim accounting. Yeah that's right. you see the date above labelled 'Due bill - 25 - JUL -2022'? Let's explain what a due bill is and why it's used. + +&#x200B; + +*Interim accounting is an important part of the entitlements and allocations process for distributions. The interim period (also referred to as the due bill period) is the period during which a settling trade has due bills attached to it. A due bill is an indication of a seller’s obligation to deliver a pending distribution (such as a cash dividend, stock dividend, interest payment, etc.) to the buyer in a securities transaction.* + +*For most bonds, the buyer of the security is entitled to the interest payment (the distribution) on trades that settle up to, including the day before, the payable date, even though the buyer is not the record date holder.* + +&#x200B; + +**For smooth brains? - This is what you call a 'dividend waiting to be distributed'. It's also what allowed you to buy shares AFTER the record date but still receive divvy shares. Each share had due bills attached ie...dividends...** + +To be honest, it's a not a bad idea. Maybe that's because it allowed me to grab a few more of those pre-split shares for splitting later on... + +&#x200B; + +**however...** + +**What if those due bills failed to be delivered when the payable date come around?...** + +&#x200B; + +\---------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +# Splittin' Facts + +The DTCC quite nicely tracks all the failed due bills and attempts to sort the mess out! WAHEY... + +I introduce - **The Due Bill Fail Tracking System** + +&#x200B; + +https://preview.redd.it/cfoso96gnjf91.png?width=1151&format=png&auto=webp&s=96858a79a8e548baf9f376b70b55c1a6adced454 + +You might be thinking 'but the DTCC released those shares...'? Well...what if a load of shady brokers that didn't actually have your shares, were now required to find them? Furthermore, the US is known to just be blatantly corrupt, so what about when the German brokers got involved and were expecting shares?... + +**Well why don't they just 'not track' stock splits?...Oh yeah, that's exactly what they did.** + +&#x200B; + +https://preview.redd.it/v0stb3a3ojf91.png?width=1118&format=png&auto=webp&s=bbc6d4f0c37c5595d9327bf8ef6974c152ce88d7 + +**So even if they weren't delivered, their system conveniently DOES NOT TRACK THE FAILS.** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# I bowwowed too much stok n now i'm fuk, help + +**NO. I have a system called the Stock Loan Income Tracking System. If you have borrowed stock and you owe it in a dividend, I AM COMING FOR YOU.** + +&#x200B; + +https://preview.redd.it/2pz5hqt4pjf91.png?width=1129&format=png&auto=webp&s=5f7759339dae48189c05ea9566555fe62329d117 + +**However sweet baby kenny, I love you. I won't let them hurt you.** + +&#x200B; + +https://preview.redd.it/p7vada9cpjf91.png?width=1153&format=png&auto=webp&s=f3c5c5fce2eea2cec11b62cd189d72ef2b25d701 + +**Now you may say, 'Punny, you're contradicting yourself. You said this wasn't processed as a stock dividend'. Now, you may be right. However, I feel obliged to include this due to the many different stories from brokers as to how they received directions on the undertaking of this dividend.** + +The image from u/jaddodd was just one piece of the puzzle, with brokers stating differences. Could the DTCC be picking and choosing what to label it as to different brokers, for the least amount of fallout? I wouldn't put it past them. + +&#x200B; + +&#x200B; + +&#x200B; + +**Can you believe this shit? Well yes, I can but this is clearly planned.** + +&#x200B; + +&#x200B; + +**Sauce - look for yourself <3** [**SAUCE**](https://www.dtcc.com/~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf) + +&#x200B; + +**Love you all.** + +&#x200B; + +Punny out. +If there is one thing Warren Buffett is clear about, it is that gambling type of behavior, whether it is in the stock market or just buying a lottery ticket, will lead an investor astray. And, as opportunities to speculate look ever more enticing, it’s most important to remember that just because you can gamble doesn’t mean that you should. + +“People win lotteries every day, but there’s no reason to have that effect you at all. You shouldn’t be jealous about it,” Buffett said at the 2016 Berkshire Hathaway Annual Meeting. “If they want to do mathematically unsound things, and one of them occasionally gets lucky, and they put the one person on television, and the million that contributed to the winnings, with the big slice taken out for the state, you know, don’t get on, it’s nothing to worry about. Just, all you have to do is figure out what makes sense…When you buy a stock, you get yourself in the mental frame of mind that you’re buying a business, and if you don’t look at a quote on it for five years, that’s fine. You don’t get a quote on your farm every day or every week or every month. You don’t get it on your apartment house, if you own one. If you own a McDonald’s franchise, you don’t get a quote every day. You know, you want to look at your stocks as businesses, and think about their performance as businesses. Think about what you pay for them, as you would think about buying a business, and let the rest of the world go its own way. You don’t want to get into a stupid game just because it’s available.” + +**For more Lessons From Warren Buffett and Berkshire Hathaway news visit** + +[https://mazorsedge.com/lessons-from-warren-buffett-you-dont-want-to-get-into-a-stupid-game-just-because-its-available/](https://mazorsedge.com/lessons-from-warren-buffett-you-dont-want-to-get-into-a-stupid-game-just-because-its-available/) +I just have this little rant as people are so quick to jump on crypto with all the FUD even though it’s a insanely smart and useful technology that will 100% be a part of our future and probably for the better of the world. But the media is jumping around giddy reporting on billionaires in space. People should get their priorities straight and stop being hypocrites. + +EDIT: should have put an /s in there somewhere cause of course I know the ocean being on fire has nothing to do with crypto mining. + +EDIT 2: So many interesting takes in this thread and thanks for the awards. I am by no means an expert on rockets or energy usage of crypto, there are great comments describing these in detail. I know I was being extreme in the title and bringing up energy so please go ahead and roast me for my ignorance. Grateful for the discussion here as the energy usage of mining should be of course a concern to all. I love space and science and I love crypto. I didn’t even think about the whatabout-ism when writing this post but I agree taking two separate subjects and trying to justify something isn’t an argument and that wasn’t my intention. Space is cool, Crypto is cool, let’s save the Earth, come up with technologies we never dreamed of before, and also have common sense and be kind to each other in the process. Have a nice day everyone. +I have seen a lot of posts recently about best practices with car buying, but I haven't seen anything on _how to_ lease a car. So I figured I'd write this up! + +Ok, let's get this out of the way right away: Leasing isn't for everyone. In fact, it's probably a bad idea for most people. But if you are going to lease, you need to know how leases work and where they get the numbers in order to get the best deal. And knowing the numbers may actually make you realize it's a terrible deal and to stay away. + +But for this post, I'm not debating the merits of leasing, just explaining HOW the math works, what your costs actually are and how to realistically minimize those costs. + +This post will include the following info: + +- The math behind the calculation +- What kind of car to look for +- Where to find the info you need +- How to negotiate the best lease + +***The Math*** + +Let's start with how the lease monthly payment is calculated. + +The formula is: Payment = Depreciation + Finance charge. +Your depreciation is: ((Capitalized Cost - Residual Value) / Number of Months) +Your Finance charge is: ((Capitalized Cost + Residual Value) * Money Factor +So your total formula is: Payment = ((Capitalized Cost - Residual Value) / Number of Months) + ((Capitalized Cost + Residual Value) * Money Factor) + +Pretty simple right? So what do those things mean? + +Capitalized cost: This is the amount financed. Did you know in a lease, you are actually financing the depreciation? This can be higher or lower than the price of the car, depending on whether or not you are putting money down, rolling over negative equity, or tacking on fees into your payment. The lower the better! + +Residual value: This is what the manufacturer (or the bank, if using a separate lease provider) thinks the car will be worth at the end. It's expressed as a percentage. 50% or 0.50 means they think it will be worth half as much in the end. The more miles you want, the lower the residual will be. Residual can also vary by trim package (i.e., the "Limited" has a higher residual than the "Sport"). The higher the better! + +Money factor: This is the interest rate. For some reason, it's always actual interest rate / 2400. So 4% = 0.0016 and 0.9% = 0.000375. The lower (more zeroes) the better! + +Number of months: How long you want to lease for. Sometimes manufacturers juice the leases depending on months. For example, VW wanted to move Jetta GLIs off their lots a few years ago, and had insanely inflated residuals and ridiculously low money factors on 2 year leases, making them about $100/mo less than a 3 year lease. + +Refundable security deposits: This is expert level leasing. Almost no one knows about it, even dealerships. But some banks allow you to put down a refundable security deposit in order to lower your money factor. This is usually for people with low credit to secure the rates of someone with higher credit, but some let people with top tier credit put down money to get an even lower rate. I was told by the finance manager and the sales manager at one Toyota dealership that I was wrong. I asked them to call Toyota, and they came back and said "well, you learn something new everyday". If you are doing a refundable security deposit, simply calculate if the reduced payment on your lease will be higher than the guaranteed return on your money. In other words, if you put down $3000 and get $20/mo off, at the end of 3 years you'll have $3000+20x36 = $3,720. That's a 7.44% guaranteed return! + +***Type of car to look for*** + +To get the cheapest lease possible, you want to find a car that the manufacturer is discounting (this will reduce your 'cap cost'), which has a naturally high resale value (think Honda or Toyota), and a low money factor (triple zero!). + +You can monitor for specials, search online for deals, or call around when you are looking for a car. If manufacturers are advertising cheap lease deals, it probably means they are either discounting the car or offering a really cheap money factor. Just realize that if it's being advertised, you can do better by negotiating. + +As with anything, google is your friend as well: I got my parents a great lease deal by googling "current lease deals" and finding out that Mazda was basically doing interest free leases - they're driving a $30k car for $315 a month, with zero money out of pocket. + +***Where to get the info*** + +So now you know you want to lease a car. You need to start filling in the blanks. What are the sources of this information: + +- Dealerships. They won't tell you easily, but if you make it clear you are a serious buyer, they'll share the real info with you. I've found that sales managers and internet departments are the most likely ones to share the info. +- Edmunds TMV. This a great source to find out how much cars are actually selling for in your area. You can option the car and price it out and see if it's realistic to get a car below invoice or at msrp or somewhere in between. +- CarGurus. I've found this site/app super helpful for knowing what specific cars are available in an area, what the average price is, and how long the car has sat for. +- Edmunds vehicle specific forums. This is the best source I've found for up to date residuals and money factors. The mods of the forums answer specific questions on current vehicle offers. +- Google. If you google "money factor + residual + [make/model]" you might find another source that will break it down for you. + +I like to find all of the numbers, plug them in, figure out what the monthly payment would be, and then start calling dealerships to confirm my numbers are right. This makes negotiation easy - figure out what you want to pay, figure out a reasonable price, and then find someone who will sell it to you for that. Speaking of... + +***The negotiation*** + +Here's where it can get tricky. Even if you know the numbers and know what you're trying to do, they'll still try and add stuff on. There are curveballs everywhere. + +Also, it's going to be rare that you'll find a sales person who will dive into calculating at this level. They will ask you about monthly payment, your trade-in, what you want to pay. You need to be firm and stick to your plan. The last time I leased this led to me walking out of one dealership after they wouldn't play ball. Their loss, I walked into one the next weekend and leased the same car for LESS than I was willing to pay at the first one. + +The key strategy is this: _focus on the sale price of the car_. You already know the money factor and residual. Those are driven by the bank and the dealer can't budge (unless they find you another bank). You want to negotiate the lowest sale price possible. This is where the Edmunds TMV and Cargurus info is so helpful. + +Do not talk about down payments. Do not talk about monthly payments. Do not talk about trade-ins. Do not talk about _anything_ except the sale price of the car. + +Why is this so important? Because the residual is always calculated based on the MSRP of the car. But the closer the residual is to the sales price, the less depreciation you are financing. So the lower "sale price" you can base the lease on, the cheaper your payment! + +Some other tips to think about when negotiating: + +- Never put money down. All a downpayment does is reduce your cap cost. But if you drive off the lot that day and get slammed by an 18 wheeler and have the car totaled, you'll never see that money again. NEVER PUT MONEY DOWN. +- If you can, sell your car privately. Don't trade it in on a lease. Why? See above. It's money, and it may disappear. There are obviously exceptions to everything, but in general, don't trade a car in. +- Watch for additional fees. Dealers charge for document fees ($100-$500, may or may not be negotiable) and a host of other factors. Ask for these to be separated out, then decide if you want to lease them. When your money factor is near 0, you may be ok with "financing" these costs. But you may just also want to pay them up front (note: this isn't a down payment). +- Taxes: these vary by state, but in my state they're based on a prorated lease rate. So it's a monthly payment of (6.5% x calculated monthly payment) is added on to your total payment. + +So what are some real world examples: + +I currently lease a 2017 Toyota 4Runner Off Road Premium. The MSRP of my car is $40,500. Toyota was running a lease special of $399/mo with $2,999 down, plus taxes and fees for a base SR5 that goes for about $37k. Seems like a great deal, right? And I should be paying more for a more expensive vehicle than their current special, right? + +Well, I looked up on edmunds and found out that the car was actually selling for closer to $38k. Cargurus confirmed this, and also showed that several were available near me and had been sitting on lots for a couple weeks. I did some research and found out the residual was high for a 3 year, 36k mile lease (I think 65%) but the money factor was kind of meh (0.00225). Let's see the differences, using the MSRP: + +Payment = ((Capitalized Cost - Residual Value) / Number of Months) + ((Capitalized Cost + Residual Value) * Money Factor) + +((40,500 - (40,500 x .65))/36 = ($40,500-$26,325)/36 = $393.75 + +((40,500+ (40,500 x .65)) x .00225) = $150 = $544/mo . + +Ok, now let's play around with this a little bit. Let's remove $3000 from the "capitalized cost" after we learn that the average Edmunds selling price is $2500 below MSRP (and we're going to negotiate a little better than average). + +((37,500 - (40,500 x .65))/36 = $310 + ((37,500+(40,500 x .65)) x .00225) = $143 = $454/mo + +We just dropped almost $90 off the price by knowing what we can actually get the car priced out. How do we lower the price a little more? Turns out, Toyota will drop the MF from 0.00225 to 0.00153 if you put down $3600 in fully refundable security deposits, returned in full at the end of lease completion. Let's run the math again. + +((37,500 - (40,500 x .65))/36 = $310 + ((37,500+(40,500*.65)) x .00153) = $98 = $408/mo + +Another $50 off. We dropped our interest rate from 5.4 to 3.67 and the price came down accordingly. + +Now, let's plug the same numbers in and push for a dream price: $36,500. That gets my payment down to $379. With a tax of 6.25%, my final payment will be ($379*.0625)+$379 = $402. Since my goal is $400, it's now to time to call some dealerships and see if they'll play ball. + +I took out my CarGurus app, found what was on their lots, did the exact math based on exactly how they were optioned (typed the same exact cars into Edmunds), and then made specific offers and was transparent about the info I knew: + +"Hello dealer, I see you have a 2017 4runner on your lot with XYZ options. I believe the residual is 65%. My research tells me the money factor is 0.00153 with a $3600 refundable security deposit. If you'd be willing to base a lease off of a cap cost of $36,500 with no money down, then I will come in today to sign paperwork". + +Notice a few things: I share numbers that show I'm serious and have done research. I make an offer and tell them I'm ready to close the deal. I don't mention monthly payment. I confirm the numbers. + +The results of this effort: Two dealers were interested. One dealership told me to come in, then wouldn't move off MSRP. When I complained to head of biz dev at the dealer, he told me I obviously worked for Toyota - "why don't you just use your own discount to order it from the factory?". He was serious too, and said that no one who wasn't in the car industry would have the knowledge or info I had. I sent him links to CarGurus and Edmunds and never went back. The other dealer told me to come in. + +Now here's where it got interesting. The Sales Manager asked if I'd be open to working with another bank besides Toyota. He brought out a sheet from a local credit union and shared their numbers (this is something I've seen that happens when you make it clear you know what you're talking about and are serious about buying: they stop BS'ing you). + +The money factor on this bank's lease was .00165 (3.96%). Higher than Toyota's lowest, but no security deposit. And the residual was 0.68, also higher than Toyota's. + +((37,500 - (40,500 x .68))/36 = $276 + ((37,500+(40,500 x .68)) x .00153) = $107 = $384/mo + +Another $25! Now this is getting good. Now's when we started the real negotiation. I pushed for $36,500 and said I'd sign on the spot. We ended up settling on $36,900 after some back and forth. + +Final price: $366 for the car, $23 for the tax, $389/mo total, $1500 out of pocket, $40,500 car. +What was Toyota's advertised deal at the time? $399/mo, $3000 down (includes fees), for a ~$37,000 car. + +So by knowing how the lease works, I got significantly more car for less money per month, no money down, and the same out of pocket costs! + +Now, we still had to finalize a couple other things: + +- Gap insurance: You need this on a lease. The bank I was leasing included it, but apparently Toyota does not. So Another $10/mo or so in savings. +- Acquisition fee: Unfortunately, the bank makes you pay an initial fee to take possession of the car. In my instance, it was about $800, which was about $150 more than the Toyota lease. I could have added this to the cap cost and paid about $20/mo more, but I decided to pay this up front. +- First month's payment: Varies by manufacturer, but I chose to pay this up front as well. +- Plates, title, registration, etc: Varies by state. I paid them up front as well +- Document fees: Dealerships often inflate these to make money, since they often don't make money on the car itself. You can push and negotiate on these, but sometimes they'll waive them and sometimes not. And if they do waive them, you'll probably pay for it in the sale price of the car. I'm ok with a business making some money, as long as I know exactly what it is. I paid this up front as well. + +If I had rolled all of those fees into the lease, I would have basically been financing $1500 at 4%. Now there's the argument that if I rolled it in and got into an accident, the gap insurance would basically pay for it. Overall, it would have added about $50/mo to the cost of the lease, so I paid it all up front. + +So in the end, I took possession of the car for $1500, didn't have a payment for 30 more days, and now owe $389/mo for the next 3 years on a $40k+ truck. If I want to buy it in the end, it's simply the residual cost ($27,540). If I choose to buy it out before then, it's simply a matter of getting a loan or writing a check for the current buyout price that month. + +So to summarize, if you are going to lease: + +- Know how a lease works +- Use your internet resources to find out the current manufacturer rates for your car, but be open to different banks +- Learn the points to negotiate the lease on +- Don't negotiate monthly payment +- reach out to multiple dealerships, but be straightforward, respectful, and up front. +- Don't put "money down", but realize it may make more sense to pay some things up front. + + + +***Bunch of Edits/follow-ups:*** + +- well, I didn't expect the front page and 2 golds (thank you!). I was just trying to do a knowledge dump that I could share if people had questions on their lease. I always assumed my pitbulls or cat would be the thing that got me to the front page. +- the audience was /pf, which is generally against leasing. I wasn't interested in that debate, and there are plenty of sources out there to decide if a lease is for you or not, or when it makes sense and when it doesn't. Leasing isn't necessarily the cheapest way to drive (although it can be), but sometimes there's more to life than spending the least amount of money as possible to make it through your day. But there's no reason to overpay for something that you are getting, especially if understanding how it works can save you money. +- if you are going to lease, please do more research than this post! I was just sharing what I've learned. I wanted to share the numbers from mine to show how the payment can go up and down, and then shared where I found the numbers and how I approached the process. Not trying to claim it is the *best* way, just that if you are going to lease you should understand the mechanics of it. +- I got a few PMs and messages that I said not to put money down and then I did. This is a valid criticism. The first payment is due at some point and I'd rather use my rewards card than ACH for that, so the only out of pocket money I paid was the acquisition cost, doc fees, and title/reg, which was about $1100 total. In hindsight, I should have just rolled that all in and had a higher monthly payment. At the time my reasoning was that it's not cap cost reduction and I didn't want to "finance" the acquisition cost. In hindsight, the same logic applies - if the car got totaled, I'd be out that money. So do as I say, not as I do! +- thank you to everyone who provided feedback on typos and errors. I believe I fixed all of the math format edits and mixups on switching cap cost and msrp. If you see any other errors, feel free to PM me and i'll fix them. +- several people mentioned leasehackr.com. it's an awesome site and has a great calculator. If you aren't comfortable with building your own spreadsheet, just use theirs! They also have great breakdowns on things like the deal of the month if you are just looking at getting cheap leases. +- as someone said in the comments, please be respectful to folks if you're buying a car. I personally think having #s and doing research makes it easy for everyone because it removes the "is this guy BS'ing me?" part. Even the dealership that I walked out of in frustration, I thanked the sales guy for his time and told him to call me if his sales manager was willing to budge on price. But the dealer i did buy from, the sales manager said "you'd be surprised how many people think I'm trying to screw them when I offer leasing through our 3rd party bank". + +And finally, I'll say it again: if you are going to lease, please research beyond this post. Don't make 3 year commitments for thousands of dollars based on one guy's post! Hopefully my post helps you understand a little more how it works and provides a starting point for research, but it wasn't meant as a be all and end all comprehensive guide! +If you have an EBT card (food stamp card) you and 3 other people can get into 1,000's of museums across the country for little to no cost. It's all thanks to a not-for-profit called Museums4All. museums4all.org has a list of participating museums, most are free but they never cost more than $3 with your EBT card at participating museums. +Totally bizarre situation. + +My friend (and boss!) has held £2000 premium bonds for years - and with the new rates, decided to invest some more. + +He tries to add more, and they tell him he can't add more as he's maxed out at £50K! + +He hasn't won a big prize. Exactly £5000 has been placed in his account each month - starting about 24 months ago .. right until it hit £50K + +To cut a very long story short: He phoned them up to say they'd been a mistake SO MANY TIMES that they asked him to please stop or it could be considered harrassment - and that they are under no obligation to say where the money has come from and in fact won't as it's come from a private account. + +After deliberating his options he took out £40K and put it into an instant access account - and waited for someone to contact him basically screaming 'We made a mistake, where's my bloody money'!! + +Sure as mustard .. his premium accounts has immediately gone back to going up exactly £5000 a month - it looks like it's just gonna top-out again!!! no phone call. No contact. Nada. + + +So he's got £40K not doing anything good as he's kept it in instant access .. and another approaching £50K of premium bonds. National savings don't want to know. + +The question - as you've probably predicted .. is what would you do? With the premium bonds? And with the £40 you've got sitting in instant-access right now? + +EDIT: His family all swear they know nothing about this +Ive had the same tenants in my property for the last four years at the same rate. They have not missed a single month in that time frame. My rents are probably 150/200$ cheaper than most comps in the area for a 2bedroom unit. My issue obviously over the last 4 years my taxes have increase and who doesnt wanna get more rent if the market calls for it. + +Is it worth causing an issue with a good renter over 100$? Or do i owe it to myself to better my business and move forward with a reasonable +Increase. Whats the best way to handle this situation? + +Edit 1 : (current rent is 1000$) +Edit 2: Location is Rhode Island +News that you all have been waiting for. + +CBDT decided to extend the due date for ITR filing. For most individuals, it is now **31 December 2021**. We'll have a detailed post on this tomorrow with all the new timelines. + +What does this mean? + +Gives you some more time to sort things out. Again, our request is to reach out to your tax advisor as early as possible. Get things done. Don't wait for the last minute. + + https://twitter.com/IncomeTaxIndia/status/1435969941618847747?s=20 +Many people in the West are scared of how governments and central banks have printed lots of money in response to the pandemic and are destroying the value of their cash. Unique to this economic crisis compared to others is how some of this money has been paid directly to furloughed employees. + +Are there any countries that didn’t print much money (if at all) and left their economies to try and recover by themselves? Are there any that didn’t pay for furloughed employees and left them to survive as best they could? In particular, what did China do? + +Don’t post a comment criticising the more inhuman implications of my question (“letting the furloughed workers fend for themselves” etc). Feel free to comment about the humanitarian aspect if you can link it to some economic consequence or reality though. Hope that makes sense. +I’ve seen some people give up a lot in their 20s to increase income or savings. The justification is often that money saved early on is more valuable than money saved later in life, which is true. So get the money saved early, then ratchet it back and live a little more later in life. + +I’ve been reminding myself lately that other aspects of life compound as well. Personal relationships grow over time and open more doors to other relationships, earning opportunities, etc. Good health makes exercise and healthy habits easier (not to mention avoiding irreversible health issues). Etc, etc. + +Basically, it’s true that *anything* done right in your 20s will have more impact on that aspect of your life than taking the same actions in your 30s or 40s. Something to keep in mind when striking the balance between pursuing financial independence and focusing on other aspects of your early adulthood. +Considerations for myself personally + +\- Low tax (salary, dividends, capital gains). I currently run a small business in Asia (Hong Kong). Don't mind having to tax plan carefully, just want to the option to limit paying tax. + +\- Warm climate (Med?). Warm, not too much rain, good sunshine hours per year. + +\- Ability to buy property in the countryside to start a homestead. + +\- Ability to meet people, both local and expat alike + +\- Low cost of living +Are there any metrics that show what percentage of the workers/wages/gdp etc. go to actual “productive” work vs jobs that provide no “real” economic value? Now, when I say “no real value” I don’t mean to say these jobs don’t have financial or societal value, I mean that they don’t directly contribute to producing anything tangible. I would be interested to see how this varies by country and over time. + +Of course, defining productive vs non-productive work is not straightforward. At the extremes you have your paper shuffler jobs- for example government regulators and contractors that help navigate the regulations; and you have farmers and lumberjacks on the other. + +But then it gets trickier when it gets down to value transferors (sales, advertising, transportation), value enhancers (doctors, teachers), producers of goods with no intrinsic value (artists, software), and any number of other grey areas. Nonetheless perhaps there is some accepted convention for this? + +Do any metrics measure what I’m talking about? +Sigh, the good ole days. + +The sub has changed. The majority of us our zen. Up a little, down a little. Nothing. The shorts have lost their bet and the losses are infinite. Writhe as they may to avoid impending doom, the game is done and coming to an end. + +Enjoy this moment now because, as frustrating as it may be, you will never be here again. Life is about to change. So invite it in, but don’t forget what brought you here. Sure you might have a “better” tomorrow, but it’s all relative and today, this moment right in front of you is yours to enjoy. Here. Now. +Welcome to the Daily 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 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 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. + +*** + +* 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! + +Welcome to the Daily 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 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! + +I was looking through some old pictures on my phone, and I’ll screenshot a lot of things I see online (whether to share it or for future reference) and I came across an image of a post either posted in the initial GME sub we went to or the original Bets sub that this all came from that said back in February 2021: + +if this really was over, why would they be trying to convince you so hard? + +Now I know the media doesn’t always lie about everything all the time; that’s the tricky part for some things, that truth is sprinkled in to deceive and cause uncertainty. +I’m not going to be discussing anything else about the media here, just GME. + +But now we can see that not only are they still trying to convince everyone that GameStop is dead, but they’ve spent an entire year shitting on GameStop and telling you to sell. + +The media and the government absolutely do not give a single fuck if you make money or lose money off of investing and trading. Just look at Creep Toes, other stocks, etc. people lose money every single day but you don’t see hit pieces and news media FUD about the Coin of the D0ge. + +Start asking yourself why. +A lot of us did about a year ago. + +Why are they so concerned for us to dump this investment? +Why do you hear about GME so much in the news? + +If it really was that bad of an investment like the media says, the company would be going under, struggling, and the stock price would tank lower and lower, not to mention negative retail investor sentiment (which is so far in the opposite direction of how I really feel about my favorite stock). + +Just something to think about. +I just got increased salary for 3% but I see increases in food prices, housing, gas are much more substantial(10-20%). +Additionally I see the adjustment of wages from companies is very "Conservative" for years now. Is this a sistematical lowering of standard? +I apologize if any of this sounds outlandish. +I am posting this to provide my perspective as a Tenant who understands Landlords are getting fucked. Judge me however you wish LL's. + +I owe 8k to my landlord. I make 40 bucks an hour + OT. During Covid, OT disappeared and I honestly fucked up and did not see the freight train of less money and wound up getting behind on rent. I live in NYC and a lot goes to Child Support. + +Around November of last year I realized I could take several contracting jobs at the same time and work them remotely. This has helped me catch up and I will likely fully pay my rent obligations by the end of August. I just wrote a 6k check. My LL has been cool about it because I have been paying along the way and explained the situation and also what can they do anyways? + +My point is that the Fed should absolutely bail out LL's. The alternative is millions of homeless. A program like paycheck protection except for Landlords will have to happen or shit is going to get real crazy real fast. +Index offers a very small sample comprising companies that may not be the best choices if assessed on parameters such as business fundamentals and valuations + +When one talks about the stock markets and how it is doing; there is only one benchmark: What is the Index? Has it gone up or down? Investors are tuned out of a habit or a custom to look at the index. This is a mental heuristic: the short cut the brain takes to process information, it does not process full information and hence the wrong inference. There are a lot of mistakes human beings make, but since all of them are doing the same thing it becomes difficult for someone to challenge the status quo and do things differently. The acronym “TIPS” stands for “To Insure Prompt Service”. So when we visit a restaurant should not we be giving the tip before the waiter starts serving us? But we do the opposite; give a tip after the dinner. Why? Because it is a custom, everyone's doing it so we follow. Similarly we do that for the index also and thus land up making faulty investment decisions. + +Firstly it is wrong to assume that Index is representative of the performance of the companies in the market. That means when the index goes up, all the companies listed on the stock markets are doing well and when the Index drops all are doing poorly. Here is where we suffer from looking at the wrong sample size to judge the markets. BSE Sensex comprises of 30 stocks and NSE Nifty comprises of 50 stocks. Is it right to judge the health of the markets with such a small sample size when over 6000 stocks are listed on the markets? That is one of the reasons that investors sway between greed and fear upon looking at the Index movements. When the Index goes up one may find that one’s portfolio has not gone up or even gone down and could be vice versa if the index goes down. + +**Moreover one needs to understand that companies come in to the Index because of market capitalisation and trading volumes. Quality of management, sustainability of business model, earnings potential and growth which usually are important factors for judging a company do not play any significant part.** This means a newly listed company in a hot sector with a huge market capitalisation can enter the index and a good , well managed profitable company with a good dividend track record can exit the index if it does not have huge market capitalisation. + +When telecommunications was a hot sector we had Reliance Communications without any track record replacing Tata Power a well managed, consistent dividend paying company. During the IT boom we had technology companies having a weightage of around 25% in the BSE Sensex. Satyam Computers entered the Index and out went Tata Chemicals. Similarly during the Power and Real estate fancy during the 2006/7 when had Reliance Power and DLF with huge capitalisation and hardly a track record to boast about entered the Index. Over time such entries have made investors a lot more poorer. On the contrary investments in the outgoing stocks makes sense as investors would be paying a low price for them as they have lost fancy. When you buy a fancy, you pay a fancy price and soon the fancy ends and you have a fancy loss. + +The availability bias for index investing being safe and secure is so strong that investors have started believing it to be a fact. Why? Because there is no benchmark to judge the index. Hence with the entry of mutual funds we have funds offering Index Funds at very low fees. This is another availability bias that attracts investors to this passive form of Index Investing. What better can it be for a fund house to have an Index Fund which cannot be judged as there is no benchmark to judge it as the Index itself is the bench mark. + +Investors need to understand the basics of investing and creating wealth. It is all about buying a business and not a piece of paper that goes up or down. One has to buy the business when it is available at an attractive valuation that is one pays a price which is well below its intrinsic value. Such times don't come everyday. It is a tough call and requires real hard work , knowledge, expertise and market experience from a money manager. There have been many money managers who have done exceedingly well in beating the index. So just to assume that you don't do any hard work and just buy the index and sit down and you will become wealthy is a misnomer. If one would have bought the BSE Sensex in 2007 when it was around 21000, today even at 28000 after 8 years he has not done well. Imagine the missed opportunities to by at index of 8000 in 2008, or at 18000, just a couple of years back? So in the end we come to the most important question: Are we buying when others are selling or are we chasing along with the others. If you have the discipline to go against the crowd you have won half the battle. The other half is having the patience to think long term. + +If you are wary about investing directly, I suggest you choose a couple of actively managed mutual funds. They are an elegant and tax-efficient way of outsourcing your investment decisions. Besides, there is ample evidence which shows that there are several such schemes that have handily outperformed the index. + +Before choosing an actively managed equity mutual fund scheme, I suggest you verify the following + +- Is the scheme's portfolio 'truly' diversified across sectors, market capitalisations and countries? If not, avoid it. + +- Does its investment mandate merely capture the latest investment fad ? If yes, steer clear of it. + +- Are investors able to avail of all extant long-term capital gains tax benefits? Avoid it if this is not the case. + +- Does it hamper your liquidity by imposing lock-ins ? If so, avoid it. While equity investing must be undertaken with a long-term view, compulsory lock-ins are a sub-optimal way of enforcing discipline. + +- Do the mutual fund's sponsor and employees invest in the scheme ? If yes,you could invest along with them. Such ownership is an encouraging sign, as it is proof that they have their 'Skin In The Game' and that their interests are aligned with those of their investors. In other words, they will win only if you win. + +- Is the mutual fund keen on directly reaching out to their investors through periodic interactions? If yes, it demonstrates that they consider investor feedback to be paramount and also their willingness to hold themselves out for scrutiny. Such funds are usually more investor-friendly. + + +Author is Parag Parikh, Founder of PPFAS MF Group. + +[Link](https://amc.ppfas.com/media/articles/why-you-should-be-investing-beyond-index-parag-parikh.php) To original article + +Posted after reading [this](https://i.imgur.com/s67IW5B.jpg) news. +So, i'm seeing a lot of suicide posts after the recent crash. I don't know how many of them are legit. i'm aware this is Reddit. But i'm also pretty sure there will be people out there seriously considering this. I have no personal or financial advice for these people since i'm not qualified to give advice like that. Please seek help from a professional, they can help you figure things out. Don't be ashamed by it, they have seen worse things. + +I just want to remind every one of you again: Don't spend money you can't lose. This is the most important rule of investing in anything. Every market can crash, even when you expect it the least. + +Most people say they are okay with a correction of 50 or even 80%. This may be true for many of you. But there are a lot of people out there that are not okay with it if it happens for real. And of course, if the money you worked hard for is 'gone' you will feel emotions, that is completely normal. But if you have spent money on crypto that you can't afford to lose (even if you only need it in 10 years) it will hurt differently. + +Don't get to greedy. Don't over-leverage yourself. A lot of times it will work out just fine, but if it doesnt, you are fucked. + +Everyone, please. Think about what will happen to your personal life if your whole portfolio goes to 0, will it change your life in any negative way? Please think again if the investment is a good idea. +In 2010, Buffett claimed that buying Berkshire Hathaway was the biggest investment mistake he had ever made, and claimed that it had denied him a compounded investment return of some $200 billion over the next 45 years. Buffett claimed that if he had invested that money directly in insurance companies instead of buying Berkshire Hathaway for what he perceived as a snub from an individual, those investments would have been worth several hundred times. + +Why, does he mean that if he had founded his company (instead of buying Berkshire stock) he would have avoided having to buy back tens of billions of dollars worth of stock in the future? What I understand is that basically Buffett would be the richest man in the world by a wide margin if he had owned a large part of his own company, instead of owning a smaller part in Berkshire, am I right? Is that what he regrets? + +Although in fairness, Buffett would currently be the second richest man in the world if he had not donated half of his shares in 2006. +I keep seeing people posting about how their coin is pumping because it’s such a great project and the market is finally realizing it. Please don’t kid yourself. Do you realize that DOGE is currently one of the best performing coins in the entire cryptosphere? Your coin is pumping because everything is pumping, and that’s all. There will again be a time when the best projects rise to the top. This is not that time. + +I used to be under the impression you need to put in proper research before making a crypto investment. Nowadays it seems like the worse a coin is on paper, the better investment it is. Blockchain technology is important and will forever change the world, but this cryptocurrency shitshow is kind of a joke. Anyways, let’s make lots and lots of money while we can! +We found an apartment where we want to live... nice deal. $250 for each of us. Not bad. Only one issue: the apartment is "full" and won't let us see a room until we apply (and pay an application fee) and someone leaves their room. + +My friends already applied with somebody else, but that person backed out. Now they want me. Initially I wanted to do it... but the more I learned, the more uneasy I got. In order to put my name on the application, we have to REAPPLY and pay ANOTHER application fee. Even then, they *still* won't let us see a room until someone else leaves. + +Sure, there's pictures online, but how can I tell that the pictures accurately reflect what's inside? They can't even get us in to see a single room apartment. + +My friends are pressuring me into signing... and I don't want to do it because I think it's unreasonable for an apartment to demand that I sign an agreement before I even see the damn place. + +Am I being unreasonable? On one hand I don't think I am, but on the other hand, my friends are pressuring me... so idk. + +*Edit:* WOW. I really appreciate all of the responses. I got a lot to think about. Before I read all the responses my friend invited me to go see them and "Ask questions" about the apartment... I said I would go... but now I'm getting the feeling that I don't want to do business with this company. A company that's putting me through all of this just to see what I'm buying is not a company I need to give money to for the next 12 months. + +My friends are also good friends. They're not malicious. I just don't think they know any better and they're trusting this company waaaaaaaaaaaaaaaay too soon. In this instance, trust should DEFINITELY be earned. + +Anyhow: based on everyone's advice, I'm gonna trust my gut on this one. Again, thank you SO much for the responses. It's really reassuring and it gives me comfort in making the right decision. Have a great day :) + +I live in a duplex, and leased one unit out to tenants. Well, I’ve been living elsewhere recently after one of my tenants with a history of arrests for assaults—including assault with a deadly weapon—went ballistic on me. + +I used Zillow’s background check to screen my tenants last year and what a total joke their screening is. The tenant that Zillow’s background check told me had a 755 credit score, 100% on time payments, and no evictions, in reality, has an eviction from 2019 with a $4k+ default judgment, multiple arrests with convictions prior to moving in, and since moving in, has gotten arrested a bunch of times and now has two active bench warrants out against him. And those are just the court records I was able to find by manually searching court databases. The other tenant? Served jail time for meth possession with the intent to distribute. + +Zillow’s response when I asked them how they missed multiple data points that are extremely valuable in the screening process? First, they tried to shift the blame to the third party vendor that did the check, Checkr. When asked why the prior eviction didn’t show up, Checkr said that they have no record of my tenant even living in New Jersey, which is where the eviction was filed. Meanwhile, a simple google search of this tenant shows multiple New Jersey addresses. Not only that, one of the prior addresses listed in his application was a New Jersey address, and he’s been arrested multiple times in New Jersey. + +After I tried to point out to Zillow that it’s their platform that I was using and they should take at least take some responsibility, they started trying to incorrectly argue that if I’d used the prior eviction and criminal records to reject my tenants’ application, I would have violated Philadelphia Fair Housing law. I guess in Zillow’s mind, a background check giving green flags is the same thing as one that indicates that the tenant isn’t a good fit holistically or that additional research needs to be done on the tenant or that safeguards like requiring a larger security deposit need to be put into place. + +$10k+ in lost rent so far thanks to the extremely slow eviction process in Philadelphia and things are about to get worse given that the alias writ has been filed, they’re still not moving, and they have nothing to lose. + +Instead of using Zillow, I might as well have pulled some drug addicts off the street and moved them into the newly renovated unit with brand new appliances in my $500k+ duplex. I’m not even going to get started about the chaos and disturbance them and their friends consistently cause. Or the unauathorized pit bull they moved in that has prevented me from going into the unit and has created safety concerns for me. + +I’ll admit that lessons were learned on screening through this. Specifically, missing falsified pay stubs from a job my tenant was fired from. And not realizing that when the management company they rented to prior to this said no money was owed and no eviction had been filed was likely the result of either a cash for keys agreement or eviction moratorium related reporting restrictions. + +The bottom line is that Zillow’s background check was completely non-functional and from my experience, cannot be relied on. +The market cap of all these airlines is less than the purposed 58 billion bailout. Why doesn't the government just buy all the shares and then own the airlines? +As I move further up the management chain I can't help but think about buying a small business and leaving the corporate politics behind. + +Currently Mid 30ys, 500k+ a year, being fast tracked further (currently running a division outside HQ but will need to relocate back). SAHW with 3 kids. + +Businesses I've considered buying: + +- Wedding Venues +- High end plastics business (Vandalay) +- SaaS +- Doctors offices + +I've read numerous books on the subject but I can't be the only one who's ego says I can do what I'm doing today but for myself. +&#x200B; + +So, its been another fortnight of mayhem, chaos and disorder in our perverted little corner of the Reddit Universe. + +The [Red Moon](https://7news.com.au/technology/space/super-blood-moon-2021-how-to-see-total-lunar-eclipse-and-best-times-across-australia-c-2926039#:~:text=%E2%80%9CBecause%20of%20the%20reddish%20colour,called%20a%20%E2%80%9Cblood%20moon%E2%80%9D.&text=%E2%80%9CAs%20the%20moon%20perfectly%20centres,sunset%20lighting%20up%20the%20moon.%E2%80%9D) seemed to get you all cray cray in the daily for a bit there...... + +&#x200B; + +Oh, before we get started a little reminder about [Rule 11](https://www.reddit.com/r/ASX_Bets/comments/nr3ckv/a_reminder_about_rule_11_alternative_bets_and/?utm_source=share&utm_medium=web2x&context=3) and the gambling criteria at the r/ASX_Bets table. + +&#x200B; + +Anyhow, we have a shit load to get through, plenty of new business, more than a few accounts that came Due at the End of **May**, so pour out your favorite mixed beer shoey and lets dive in...... + +&#x200B; + +**HOWEVER**.... + +*Before we begin, Lets pause an observe a moments silence for our resident taco,* u/tacomaster33, who has left us recently to devote time to less Autistic enterprises. + +*Taco is one of the earliest users on the sub, who fought the good fight when trying to convince you all to* ***YOLO*** *your job-keeper into slightly less degenerate stonks, posted up great DD and legit discussions on actual relevant topics.* + +&#x200B; + +*I have spoken to the taco at length, he will continue to lurk the dank corridors of Reddit and I'm sure you'll hear from him again.* + +&#x200B; + +*Good luck with the other ventures, salute to one of* r/ASX_Bets *OG's.....* + +&#x200B; + +&#x200B; + +https://preview.redd.it/87av7cqbnl271.jpg?width=480&format=pjpg&auto=webp&s=e14881dc091119f550912e72edac7004a3b70b97 + +&#x200B; + +&#x200B; + +**UPDATES:** + +&#x200B; + +&#x200B; + +\- u/jockr64 has come through on the [Charity Donations](https://www.reddit.com/r/ASX_Bets/comments/nlwu6e/sya_opening_sp_charity_donation/?utm_source=share&utm_medium=web2x&context=3) based on their **SYA** Opening Price Competition. Well done for following through, **Mods** respect all the Donations that come via our little Sub. + +&#x200B; + +\- u/TradeTragic has also come good on their [Donation Pledge](https://www.reddit.com/r/ASX_Bets/comments/nobmwl/vms_didnt_hit_15c_so_donated_10080_or_the/?utm_source=share&utm_medium=web2x&context=3), another fine example of Autism done right.... + +&#x200B; + +\- u/ElevatorRabbit has come through with some lovely [Loss Porn](https://www.reddit.com/r/ASX_Bets/comments/ni5ajy/all_my_doggies_lined_up_at_the_kennel/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/itsdankreddit bought a [TESLA.](https://www.reddit.com/r/ASX_Bets/comments/nhm2d9/lke_ban_bet_i_bought_a_tesla/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/Fun_Understanding_21 has released [Part 2](https://www.reddit.com/r/ASX_Bets/comments/nju9ls/if_you_bought_rasx_bets_dd_stocks_and_sold_them/?utm_source=share&utm_medium=web2x&context=3) of their r/ASX_Bets tracking series, takes a look at the highest/lowest % gains since the initial **DD** was posted on the Sub. + +(***I*** *{****C****an/****O****ften}* ***U****sually avoid pointing this out, but it feels like something is maybe missing from the list, something some lonely Autist posted a* ***DD*** *on a long, long time ago that topped out at a* ***2475***% increase if you sold it at the right time...) + +&#x200B; + +\- [u/DA12kL0rD](https://www.reddit.com/user/DA12kL0rD/) has been upping the shit-post game, with a [Lord of The Rings](https://www.imdb.com/title/tt0120737/) inspired [video effort](https://www.reddit.com/r/ASX_Bets/comments/nnjuuh/help_what_stock_should_i_buy/?utm_source=share&utm_medium=web2x&context=3). Not to be outdone, a single frame [Shit post](https://www.reddit.com/r/ASX_Bets/comments/nqaiwd/never_forget_how_far_youve_come/?utm_source=share&utm_medium=web2x&context=3), courtesy of u/vanillaflyweight, is one of the better ones I've seen for a while. + +&#x200B; + +\- u/StinkyFatWhale agreed to do some weird things if **LRS** [released and after market announcement](https://www.reddit.com/r/ASX_Bets/comments/nmky10/market_open_thread_for_general_trading_and_plans/gzq4glf?utm_source=share&utm_medium=web2x&context=3). Apparently they didn't, so no Whales were harmed in the following through of all the weird shit that's in the link..... + +&#x200B; + +\- **Mods** put up a post with an open invitation for anyone who [Wants their Personal Flair](https://www.reddit.com/r/ASX_Bets/comments/nleiso/personal_flairs/?utm_source=share&utm_medium=web2x&context=3) explained to them, or to hear the story behind a **Flair** they may have seen. + +&#x200B; + +&#x200B; + +**NEW BETS:** + +&#x200B; + +&#x200B; + +\- u/Crashworx stated they will buy a [TESLA](https://www.reddit.com/r/ASX_Bets/comments/nhm2d9/lke_ban_bet_i_bought_a_tesla/gz0azr1?utm_source=share&utm_medium=web2x&context=3) if **VML** ever goes above **25c** + +&#x200B; + +\- u/Dark_Raiden_ has a running [PUR vs VML](https://www.reddit.com/r/ASX_Bets/comments/nm2gyt/premarket_thread_for_general_trading_and_plans/gzmetbq?utm_source=share&utm_medium=web2x&context=3) bet going. + +Short story is its a race to the **9c** or **7c** line respectively, with caveats for NI pumps, other bans being enacted, possible Lizard man invasion etc... + +Its complex, read the link for details. + +Also, u/Dark_Raiden_ I'm going to need a loud, gloat filled '**FIRST**!!' with a tag when whoever ends up winning actually wins... + +&#x200B; + +\- u/AngryTennisDad has a drinking bet with an element of class attached, banking on [EXR touching .40 by Friday June 4th](https://www.reddit.com/r/ASX_Bets/comments/nkbwb3/market_open_thread_for_general_trading_and_plans/gzd3aho?utm_source=share&utm_medium=web2x&context=3) or they will down a [White Russian](https://en.wikipedia.org/wiki/White_Russian_(cocktail)) Shoey. + +Tick Tock........ + +&#x200B; + +\- u/maybethough is betting on Helium to rise, backing **RLT** to hit [$3 on or before June 30th](https://www.reddit.com/r/ASX_Bets/comments/njklkl/market_open_thread_for_general_trading_and_plans/gz8wsm6?utm_source=share&utm_medium=web2x&context=3) or it will be a month in the shadowland. + +&#x200B; + +\- A new bear bear has emerged from the woods, u/Coloneloscoppy. + +User has a running bet with the **Mods**, stating that their [Their BBUS](https://www.reddit.com/r/ASX_Bets/comments/njpq0p/us_market_crash_incoming_i_doubled_my_bbus_holding/gz8q6sm?utm_source=share&utm_medium=web2x&context=3) purchase will be above the buy price of $**1.2575** by the End of **August** or they will accept a years ban. + +&#x200B; + +\- Jumping into the reverse bear position is u/AureusStone, with a standing bet that if u/Coloneloscoppy ever sells their **BBUS** for a profit, they will accept a [Months ban](https://www.reddit.com/r/ASX_Bets/comments/njpq0p/us_market_crash_incoming_i_doubled_my_bbus_holding/gz8pyil?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/StinkyFatWhale is back in the gamblers area, this time with a [TPD + Donation thing](https://www.reddit.com/r/ASX_Bets/comments/nj30l5/premarket_thread_for_general_trading_and_plans/gz7uqnk?utm_source=share&utm_medium=web2x&context=3). + +Its detailed, but its also pretty cool so check the link. + +&#x200B; + +\- u/dunny29 has popped the betting cherry, with the odd claim that they will [Adopt a Penguin](https://www.reddit.com/r/ASX_Bets/comments/nja7t5/ffx_firefinch_dd_26_week_plan_targeting_a_50_gain/gz7wfbv?utm_source=share&utm_medium=web2x&context=3) if **FFX** touches **69c** by **EOFY**. + +Let the record show that Coup's and dodgy governments will not stop the Penguins thriving. + +&#x200B; + +\- u/Blisser_the_Sniff stated **IMU** would be [15% lower](https://www.reddit.com/r/ASX_Bets/comments/nkkbsf/premarket_thread_for_general_trading_and_plans/gzdf0tc?utm_source=share&utm_medium=web2x&context=3) than $0.445 by **Monday,** successfully predicting its dip. + +&#x200B; + +\- u/helloclaire made a bet [signed in blood](https://www.reddit.com/r/ASX_Bets/comments/njklkl/market_open_thread_for_general_trading_and_plans/gz904j1?utm_source=share&utm_medium=web2x&context=3) stating **VML** would close at least **5%** up after a trading halt. + +\- u/fishman101 [got in on the bet](https://www.reddit.com/r/ASX_Bets/comments/njklkl/market_open_thread_for_general_trading_and_plans/gz95as3?utm_source=share&utm_medium=web2x&context=3) + +\- u/GlitteringFuntion5 [made it a 3 way](https://www.reddit.com/r/ASX_Bets/comments/njklkl/market_open_thread_for_general_trading_and_plans/gz97yln?utm_source=share&utm_medium=web2x&context=3) + +\- u/SirSithsalot [made it an awesome foursome bet](https://www.reddit.com/r/ASX_Bets/comments/njklkl/market_open_thread_for_general_trading_and_plans/gz908qm?utm_source=share&utm_medium=web2x&context=3) + +Let the Record show the bet was won, with **VML** closing **9.62%** in the green. + +&#x200B; + +\- u/check_meat bet a months ban **TLG** with be $1.8 [by the end of June](https://www.reddit.com/r/ASX_Bets/comments/nlbgyy/premarket_thread_for_general_trading_and_plans/gzhriz1?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/Rosencrantz1710 has caught the gambling bug, this time around with a [Complex portfolio wager](https://www.reddit.com/r/ASX_Bets/comments/nq851w/market_open_thread_for_general_trading_and_plans/h0a35le?utm_source=share&utm_medium=web2x&context=3). Its due **June 30th**, or its a week in r/ASX_banned... + +&#x200B; + +\- u/WistfulWhiskers has bet **MAN** will be **40c** by the end of June or the will do an [improvised milk keg stand](https://www.reddit.com/r/ASX_Bets/comments/npoqxs/premarket_thread_for_general_trading_and_plans/h06hkie?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/reecej_nz continues to lure people into their [bet](https://www.reddit.com/r/ASX_Bets/comments/monb6t/dw8_ceo_dean_taylor_interview/gu5759i?utm_source=share&utm_medium=web2x&context=3) with u/Bigfoot2077 [agreeing](https://www.reddit.com/r/ASX_Bets/comments/nqznu5/what_a_ride_lets_hope_its_a_half_pipe/h0dspvx?utm_source=share&utm_medium=web2x&context=3) and u/WowVeryJosh [following suit](https://www.reddit.com/r/ASX_Bets/comments/nqznu5/what_a_ride_lets_hope_its_a_half_pipe/h0enkwv?utm_source=share&utm_medium=web2x&context=3) , u/ssTilley [also agreeing](https://www.reddit.com/r/ASX_Bets/comments/mwp3vc/scam_dreams_ziptards_unite_a_mutated_mission_bans/gvmw063?utm_source=share&utm_medium=web2x&context=3) to be in on the madness.... + +&#x200B; + +&#x200B; + +**POLLING TIME** + +&#x200B; + +&#x200B; + +\- u/heavy798 bet that **POG** will touch **$2000 USD** by **August 30th** or [3 month ban](https://www.reddit.com/r/ASX_Bets/comments/njslv8/premarket_thread_for_general_trading_and_plans/gz93rxj?utm_source=share&utm_medium=web2x&context=3). + +However, some drinks were had and some words were said, resulting in an [Alternate option](https://www.reddit.com/r/ASX_Bets/comments/njslv8/premarket_thread_for_general_trading_and_plans/gz95lsk?utm_source=share&utm_medium=web2x&context=3) for the bet. + +So we leave it to the good folk of r/ASX_Bets to decide. + +Below you will find a poll with 2 options. + +&#x200B; + +If they lose the bet, u/heavy798 will: + +*- Accept a 3 month ban* + +or + +*- Mow their lawn in a Golden Speedo. Video Proof required.* + +&#x200B; + +Vote below............ + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +&#x200B; + +\- Before we get started, I'd like to take a moment to acknowledge u/FameLuck and their truly grotesque, but very well produced, [shoey effort to extend a bet deadline](https://www.reddit.com/r/ASX_Bets/comments/noozhu/fameluck_shoey_warning_ginger_face_reveal/?utm_source=share&utm_medium=web2x&context=3) on the **BPH** Approval. + +That's a lot of effort to avoid a Paddlin and as a result this ginger degenerate has earnt a 3 month extension... + +&#x200B; + +**-** All the bans from [Last Time](https://www.reddit.com/r/ASX_Bets/comments/nhlpe2/an_ode_to_the_damned_bans_and_updates/?utm_source=share&utm_medium=web2x&context=3) have been handed out. + +[*u/\_PixelRage*](https://www.reddit.com/u/_PixelRage/)*,* [*u/Jcit878*](https://www.reddit.com/u/Jcit878/)*,* u/keivan1375, u/PianistDesigner1423, u/ChalkyAus*,* u/Rookieblud will all be sent to the Shadow World this evening for various lengths, ranging from **1 week to 1 year**...... + +&#x200B; + +\- u/UhOhNoOnion had a bet that **LOT** will [touch 25c](https://www.reddit.com/r/ASX_Bets/comments/npoqxs/premarket_thread_for_general_trading_and_plans/h069w3f?utm_source=share&utm_medium=web2x&context=3) by **June 4th** or its a **3 Month holiday**. + +As with all touching, we can only hope its inappropriate, its a 3 month sojourn for you to r/ASX_banned. + +&#x200B; + +\- u/Mundane_Document8765 had a bet for **PUR** to hit 9c today [or a weeks ban](https://www.reddit.com/r/ASX_Bets/comments/nqzv6s/market_open_thread_for_general_trading_and_plans/h0evyiz?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/meragy](https://www.reddit.com/u/meragy/) has been banned for a **month** for failing to come good on results from the [Portfolio Challenge](https://www.reddit.com/r/ASX_Bets/comments/k3rpvm/daily_thread_for_general_trading_and_plans_for/ge50gre?utm_source=share&utm_medium=web2x&context=3), robbing the other competitors the chance at glory via a **DLC** purchase. + +&#x200B; + +\- u/Logicorluck bet **Z1P** [would close green](https://www.reddit.com/r/ASX_Bets/comments/nmky10/market_open_thread_for_general_trading_and_plans/gzp9pr2?utm_source=share&utm_medium=web2x&context=3) losing the bet by **3** cents locking in a **weeks** ban + +&#x200B; + +\- u/poimnas bet that [EXR finishes May within 32 - 38c](https://www.reddit.com/r/ASX_Bets/comments/njslv8/premarket_thread_for_general_trading_and_plans/gz9444e?utm_source=share&utm_medium=web2x&context=3) or week ban. + +Let the record show that closing price end of May was **0.235**... + +Ouch, its a week in Plucky land for you.... + +&#x200B; + +\- u/_Smoulder_ will take a weeks ban if **RAC** closes above $**3.42** Monday the 31st + +Let the record show they got cucked by **1c**, its off the the land of the damned for you......... + +&#x200B; + +\- u/here2FuckSpiders2 owes us some [house deposit](https://www.reddit.com/r/ASX_Bets/comments/npgnln/market_open_thread_for_general_trading_and_plans/h05kng7?utm_source=share&utm_medium=web2x&context=3) loss porn.. + +Tick fuckin tock.... + +&#x200B; + +\- u/nickmann owes us some **IMU** [proof](https://www.reddit.com/r/ASX_Bets/comments/nhkrnd/imu_to_the_moon/gyww30f?utm_source=share&utm_medium=web2x&context=3). + +Take note all, that [deleting your post](https://www.reddit.com/r/ASX_Bets/comments/nhkrnd/imu_to_the_moon/?utm_source=share&utm_medium=web2x&context=3) does **NOT** get you off the hook. + +What it does get you is extra time added to the ban if you don't come through... + +&#x200B; + +\- u/AdHot6827 promised us some [juicy loss porn](https://www.reddit.com/r/ASX_Bets/comments/mzbigt/market_open_thread_for_general_trading_and_plans/gw0by3g?utm_source=share&utm_medium=web2x&context=3) by the end of **May** in the event they lost their [Bet.](https://www.reddit.com/r/ASX_Bets/comments/mzbigt/market_open_thread_for_general_trading_and_plans/gw0by3g?utm_source=share&utm_medium=web2x&context=3) + +Contact has been made, yet we see no loss Porn. + +The end result is the terms they suggested in the original post - **3 year ban** + +&#x200B; + +&#x200B; + +**TLDR** + +&#x200B; + +'' όχι, χρησιμοποιώ το Διαδίκτυο '' - u/catch-10110 + +&#x200B; + +'' προσπάθησα πάρα πολύ για αυτό '' - u/Iamgaybear + +&#x200B; + +(Fuck knows what it says, I copy/pasted them from the daily......) + +&#x200B; + +Later c........... + +&#x200B; + +[View Poll](https://www.reddit.com/poll/nry9a9) +Hello whoever took the time to read this. I don’t really know how to start this, but whatever I just really need to vent and have someone listen. +I was slapped with the hand of reality yesterday after a fight with my girlfriend. She’s felt that since I’ve started trading which was a little over a year and a half ago, I’ve become less patient & irritable. Ultimately being the reason why our relationship has been falling apart. + +I’m the type of person that when I get really into something, I try to be the very best at whatever it is. Thus this is the mindset that I took when learning the ins and outs of trading options. +Like most, I started out on Robinhood, and as I felt more comfortable I opened an account with TD Ameritrade. I started with around a thousand dollars which coming for me is a kind of a stretch for me at the time. + +Fast forward I became absorbed by the markets & trading. On the weekends I researched and planned plays for the week & I couldn’t wait for Monday to get back in there and trade. I love trading, it excites me it’s fun, it makes me feel like I’m doing something with my life. However, the emotions that came with it seemed to take a toll on me & my relationship. The losses would impact the mood for the rest of my day, I would just be really upset at myself for not being smarter. She would constantly support me day in and day out, (not financially, but emotionally) +I would take time off to get my head straight and then give it another go. + +Nonetheless, history repeats itself & nothing changed. I’d still get upset with myself over the losses & would start to sell some of my personals to make enough to keep trading. I know I’ll probably get shit for having a gambling addiction, I just would have the mindset of not quitting, and not giving up. Not wanting to become a failure... + +All said & done, she finally told me that giving up trading all together was just not for me, & i just feel useless. Aside from working my shity job, I don’t have anything that I can put my mind and energy into that makes me feel productive, and good, like I’m working towards something. + +Tomorrow is Monday & im dreading it because my mornings from now till God knows when are just meh. + +Thanks for reading. + + +*Edit* +This gained way more traction than I anticipated woah. I really appreciate the support throughout the replies it actually means a lot, thank you honestly. +I’ve also got a gut feeling I’m getting let go from my job this week & everything feels pretty numb.. +If what you’re thinking is I’m just going to fall back to the very same reckless acts of unintelligent trading now I’m not, I just don’t know what to even feel anymore. +I'm just curious on why people even choose to sell options and run the wheel strategy , when all i ever hear is "buy and hold is superior to all" If someone could help explain to me why selling options is actually useful it would help me out tremendously. I do know all the basics + +-Calls +-Puts +-buying +-selling +-greeks + +I just have found my self in a scary dark place where I don't know if options are ever going to actually be useful overall to me , in comparison to just buying and holding stocks. Thanks in advance guys, I know it may be a stupid question . +Update: I'll write a summary post over the weekend. Slightly knackered with the avalanche of support and updates from people contacting brokers to see how things are setup. GameStop can definitely see retail ownership data of DRS & NOBO, which is amazing news and might be why they have started carrying out actions. + +Mainly it seems that US brokers are NOBO as default BUT I'm still looking for people confirming this with live accounts + +**THE EXCEPTION THAT YOU MIGHT WANT TO ACT ON** has so far come from u/bcintx and possibly opens a can of worms that you may want to explore with your broker. + +[https://imgur.com/a/eFOWLpv](https://imgur.com/a/eFOWLpv) \- **TDA are NOBO by default but not for IRAs.** u/bcintx had to request this in chat to be done and you might decide is worth doing. + +This might be the case with all US brokers - where they treat IRA differently from default. + +&#x200B; + +Non-US is more complicated and I need time to write it up and more info back from you guys as you get it. + +&#x200B; + +One slightly FUDdy thing that I want to just nip in the bud is that this only provides access to name, mailing address and share amount. No email address or phone numbers are shared - so no spamming from this. Here is the company that basically underpins the whole of the NYSE when it comes to shareholder comms - [https://www.broadridge.com/intl/resource/nobo-list-requests](https://www.broadridge.com/intl/resource/nobo-list-requests). It's no more than is available when you DRS + +Finally -- DRS is the Gold standard IMO as it removes the shares from the game. NOBO helps show retail ownership levels to Gamestop (IRA possibly shares hidden from gamestop for example) to prove fuckery and adds another possible safety-net to shareholders in brokerages if they try and pull something fucky. + +&#x200B; + +**TLDR: This is my 'I am Spartacus' moment. Scroll to the bottom. I want a moment to tell my story first for the history books. I hope that you see the situation the same way I did, but please make your own personal choice for what suits your position best.** + +&#x200B; + +https://preview.redd.it/wpxtsmwpnvq81.png?width=292&format=png&auto=webp&s=16f8a2afc966941a74b2d8ce054a6f2bede085eb + +I've been here for 40 years and gained approximately 1 wrinkle in that time. + +I thought my main input was going to be ~~dream~~ tweet interpretation, having a theory that involved spotting something that was broken and is akin to watching a bird crap on my face and then predicting stock movements based on the taste and a high volume of 🚀🚀🚀 in the daily posts. + +But this is it - this is the thing that unlocks retails buying power in brokerages. It undoes the harm of vote trimming and Street Name ownership and fuck the DTC already. + +Okay - breathe. Let me take you on my journey. + +1. RC announces a vote on the stock dividend. I immediately try to find out the process to see how a stock dividend gets distributed. Do all the brokers email in saying how many new shares they want on their books? Do they have to provide share certificate numbers? What happens if more shares are requested than are made available? Could a broker just 7x the number in the account - what paperwork would they have to do? + +You get the idea. But there is nothing out there for this topic. Unless you dig. + +And then I came across this: + +&#x200B; + +[https:\/\/www.computershare.com\/us\/Documents\/TA\_Overview\_WhitePaper.pdf](https://preview.redd.it/jnn1nhtnjvq81.png?width=1604&format=png&auto=webp&s=a76799d343466152556f4ca1c85a9f1f0734f83e) + +**16 pages of knowledge. Here** [**is the link to it**](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf)**- Please read and dig deeper from what it says.** + +2) 5 pages in this comment is made: + +&#x200B; + +https://preview.redd.it/c636sbrxjvq81.png?width=726&format=png&auto=webp&s=90c3b7626f8df6006d84e2f46da3947f8bbc61bd + +And I was like WTF. I'm brand new to the market and I have never been asked about this as far as I was aware. + +And I have never seen it mentioned on here or any of our previous homes. + +**It sounded important - but does OBO/NOBO even matter?** + +3) So more digging. [And I find this document](https://www.ici.org/system/files/2021-09/obonobowg.pdf) produced by the OBO/NOBO Working Group to the SEC: + +&#x200B; + +https://preview.redd.it/vw1a28pskvq81.png?width=1252&format=png&auto=webp&s=1ecb329e2e2e468ef2be400b634abbf6ead84a03 + +It is 63 pages but it is amazingly well written and easy to read. The second half is all exhibits, so stick with it if you want a wrinkle. + +&#x200B; + +**What does it even mean then?** + +Objecting Beneficial Owners are those who do not want their details available to the company's they invest in. They prefer all their contact to come via brokerages or the banks and for them to act as a privacy shield. There is merit for HFs and individuals that don't want people to be able to find their moves ahead of went they need to make a regulated disclosure of the fact, or just like not being able to be linked to an investment. + +**BUT** + +**Non-Objecting Beneficial Owners** (NOBOs) give consent for their name, contact address and **Number of shares owned** to be available as a list that can be requested by the company whose shares they are (GameStop in my case). Public Companies and even ETFs are pulling their hair out they are blocked from talking to and even knowing who owns the shares in their company because of this setting. + +This is massive. + +All those users stuck in Etoro or IRA accounts or for their own personal reasons have chosen not to DRS - Ryan Cohen and the team can still see your share number **if you choose to contact your broker and request that your account is marked as a NOBO account.** + +I'm reaching/need more research on the next point, but I think that **these shares can't be 'snipped'/reduced when AGM votes are provided from Brokerages.** So if a broker is reporting 10m NOBO shares and 5m OBO shares, the most their vote count could be reduced to is 10m, even if the overall count is coming in at twice the total amount of shares existing. Which proves the fuckery. + +Fidelity seems to do this as standard from some top level googling - and I expect that GameStop have always being using this for their internal tracking. So DRS + NOBO shares. My speculation is that this is why they have pulled the trigger on the vote as they know between RC held shares, DRS shares and NOBO reported shares, there are enough votes to go past 50% of the 76m, regardless of how institutions and + +&#x200B; + +&#x200B; + +**Please if you read this same as me - contact your broker and request to be NOBO.** + +Also - Can you report back if a broker (like Fidelity) say they apply NOBO as standard so we can get a record and save multiple pings on the ones we know are on our side? + +A braver Ape might want to look into seeing if they are able to request a copy of the NOBO list the GameStop will hold (similar to the efforts in the run up to the last AGM where an Ape requested the list of registered shareholders and got trumped at the last minute by legalese and GME made the move to include the count in the Quarterlies, so was good enough anyway). + +**TLDR:GameStop can see the total number of shares you own in a brokerage if you ask to registered as a NON OBJECTING BENEFICIAL OWNER (NOBO)** + +**GME ownership that RC can see is RC+DRS+NOBO** + +Edit: adding this snippet from the SEC working group report on Brokerages view's on whether this needs to be reformed (everyone else think it does) just so you can see which side of the argument the 'good guys' who just look out for retail 😉 are on. + +[Feel free to laugh](https://preview.redd.it/djr3sow9rvq81.png?width=1310&format=png&auto=webp&s=68dd2b1de94e23965a8a96066b79fefec24fc36d) + +&#x200B; + +Edit 2: + +results so far: + +**IBKR** NO LIVE PROOF YET - looks like they are NOBO by default [https://ibkr.info/node/1212](https://ibkr.info/node/1212) from u/fresh_air_needed. + +**Fidelity** several examples backing up that it's default for all IRA/cash etc. accounts - appears to be NOBO as standard as well from this query on their reddit board last year + +https://preview.redd.it/sjtw7ph44wq81.png?width=1164&format=png&auto=webp&s=139ea024c0c7aa938ddfe50c519f48eb89b24921 + +**First overseas bank confirming** from u/starker86 that their ISA is visible to GME: Just confirmed with me ISA account with Lloyd's who gets its service from Halifax that all shares are NOBO by default. UK APE here + +**Freetrade** have told u/tidsyy that "Unfortunately, this won't be possible I'm afraid, as we're not set up operationally to support this" + +**Avanza** u/shockfella \- Just talked to Nordic broker Avanza and was told that there is no option to become a NOBO holder, since the shares aren't domestic, they hold them OBO through Citi. Avanza made a broker non-vote last year for us and this rep said they'd probably do the same this year. + +&#x200B; + +EDIT 3: It looks like this report by [Computershare on 'transparency of ownership' rules](https://www.computershare.com/News/TransparencyofShareOwnershipShareholderCommunicationsandVotinginglobalcapitalmarkets_12032014_GCM.pdf) around the world suggests that MapleApes should 100% have access to NOBO-OBO settings. + +Edit 4: The NYSE rules [around investor comms that this is all about](https://www.federalregister.gov/documents/2021/03/24/2021-06000/self-regulatory-organizations-new-york-stock-exchange-llc-order-instituting-proceedings-to-determine) mention NYSE member organizations. For the overseas Apes, I'm struggling to get my head around if they use a 3rd party US broker to buy and hold the share, but say you have the beneficial ownership of it, where the rules stop for reporting this ownership and if overseas can ignore the rule as they didn't carry out the transaction. Any help on this one especially please!!! +Even when you compare to other European countries like Ireland and Germany you can see that salaries in the UK are lagging behind and when you look at North America its a whole other ball game where $100k+ salaries are an achievable goal (seeing the total compensation packages people talk about over on /r/cscareerquestions makes me cry a little inside). + +What gives? Why are jobs in the UK so underpaid? It often feels like that the average wage has barely moved in the last 30 years. +What's up, individual investors! + +&#x200B; + +Man, the MOAFF just hit the DTCC website. + +&#x200B; + +This is the most complex, in depth filing I've ever came across, and it will likely take me weeks to interpret this due to the significant amount of PROPOSALS included in this 369 (giggity) pages long rule filing. + +&#x200B; + +On TOP of that, the DTC-2021-014 filing goes hand in hand with this one, and many references found in DTC-2021-014 lead you straight back to NSCC-2021-803 (the Advanced Notice) and/or NSCC-2021-010, the Proposed Rule. That being said, it wouldn't be appropriate to try and decipher 014 until we can first comprehend the legacy filing of which is the MOAFF, The Mother of All Fucking Filings, which NSCC-2021-803, the topic of discussion in this post. + +&#x200B; + +Let's begin. (revvs up artism) + +&#x200B; + +\*NOTE: THIS WILL BE THE "MASTER POST" FOR THIS FILING AS FAR AS MY DUE DILLIGENCE. I'M HAPPY TO COLLABORATE WITH OTHERS, AND DIVVY UP THIS FILING. DM ME AND WE CAN DISCUSS. I WILL CONSTANTLY BE UPDATING MY PROGRESS, AND WILL MARK EACH EDIT APPROPRIATELY SO EVERYONE CAN FOLLOW ALONG AS I/WE DECIPHER THIS. + +I will provide TL;DRs for each edit, as they will likely be lengthy. + +\-------------------------------------------------------------------------------------------------------------------------------------- + +**THIS SECTION OF THE POST IS RESERVED FOR EDITS** + +*EDIT#1:* 07/25/2021 1:09 PM Central. Added definitions. Finished adding the entirety of **Proposed Rule 2C, Sponsoring Members and Sponsored Member**s . Definitions completed up to I. + +*EDIT#2:* 07/26/2021 1:56 PM Central. Added entire structure of the filing from start to finish, added all definitions under rule 56. Will now begin to go through sections one at a time and update accordingly. + +**NOTE: Important things discovered since last update: SFT account will be SEPARATE from Continuous Net Settlement Account.** + +*Edit#3:* + +\---------------------------------------------------------------------------------------------------------------------------------------------**THIS SECTION OF THE POST IS RESERVED FOR TIMELINE PROGRESSION** + +*FILED BY THE NSCC:* ***07/22/2021*** + +*DATE OF PUBLICATION ON FEDERAL REGISTER:* + +&#x200B; + +***\*NOTE: THIS FILING WILL LIKELY TAKE TIME TO BE IMPLEMENTED. WE WON'T KNOW ANYTHING UNTIL THE RULE FILING FIRST APPEARS ON THE FEDERAL REGISTER, AT WHICH POINT IT WOULD BE 45 DAYS FROM THEN UNTIL WE WOULD SEE ANY FURTHER PROGRESSION.*** + +\-------------------------------------------------------------------------------------------------------------------------------------- + +First, let's look at the scope of this filing: + +&#x200B; + +LENGTH: **369 PAGES LONG** + +NEW DEFINITIONS: **50+** + +TITS: **FUKT** + +***BEKKED: YES*** + +&#x200B; + +&#x200B; + +[A-R](https://preview.redd.it/3rso2nzod9d71.png?width=637&format=png&auto=webp&s=92387a1a11247c30fd6f9f0997a17d2888991c73) + +&#x200B; + +[R-V](https://preview.redd.it/65icq18td9d71.png?width=644&format=png&auto=webp&s=d0297e0f7f86326713b144a81615b7b33aa2c5ca) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +**THIS SECTION IS RESERVED FOR DEFINITION EXPLANATIONS / REFERENCING UPDATES** + +I currently have completed A-I. **Keep in mind - many definitions reference the new rules listed above, so it's a task just to define the new terminology. This is in alphabetical order.** + +lmfao wasted like 45 minutes making 50 pictures, only to realize you cant put more than 20. + +DOH! + +**DEFINITIONS ALPHABETIZED:** + +***Edit for progress: A-I*** + +&#x200B; + +[https://preview.redd.it/otvwtjvqded71.png?width=1396&format=png&auto=webp&s=2dc6bf2fa008e5f563725b890b87577dcd935514](https://preview.redd.it/otvwtjvqded71.png?width=1396&format=png&auto=webp&s=2dc6bf2fa008e5f563725b890b87577dcd935514) + +&#x200B; + +[https://preview.redd.it/ay16qunwded71.png?width=1405&format=png&auto=webp&s=9ebcf496d9ece976ff92f65cf064252b82dfad61](https://preview.redd.it/ay16qunwded71.png?width=1405&format=png&auto=webp&s=9ebcf496d9ece976ff92f65cf064252b82dfad61) + +&#x200B; + +[https://preview.redd.it/1luz4uz3eed71.png?width=1394&format=png&auto=webp&s=dbebbd34ec5895bb0958c073ba30c63be864212a](https://preview.redd.it/1luz4uz3eed71.png?width=1394&format=png&auto=webp&s=dbebbd34ec5895bb0958c073ba30c63be864212a) + +&#x200B; + +[https://preview.redd.it/y84qqxg5eed71.png?width=1394&format=png&auto=webp&s=579ff5179afa998565d5e505c9b5c6bc4d7bde67](https://preview.redd.it/y84qqxg5eed71.png?width=1394&format=png&auto=webp&s=579ff5179afa998565d5e505c9b5c6bc4d7bde67) + +&#x200B; + +[https://preview.redd.it/vcwspkx9eed71.png?width=1402&format=png&auto=webp&s=3fd281ad9567e9e18401fd341c931b5b058a4577](https://preview.redd.it/vcwspkx9eed71.png?width=1402&format=png&auto=webp&s=3fd281ad9567e9e18401fd341c931b5b058a4577) + +&#x200B; + +&#x200B; + +[https://preview.redd.it/9mwdvmdbeed71.png?width=1388&format=png&auto=webp&s=b1a6ce26cda94e52483851ba5d9acb4aa9364c88](https://preview.redd.it/9mwdvmdbeed71.png?width=1388&format=png&auto=webp&s=b1a6ce26cda94e52483851ba5d9acb4aa9364c88) + +&#x200B; + +&#x200B; + +[https://preview.redd.it/lqque2gceed71.png?width=1397&format=png&auto=webp&s=ad6b763cf825dbd4ffa6f4f9c8841e55b772938b](https://preview.redd.it/lqque2gceed71.png?width=1397&format=png&auto=webp&s=ad6b763cf825dbd4ffa6f4f9c8841e55b772938b) + +&#x200B; + +[https://preview.redd.it/r6zjeawdeed71.png?width=1211&format=png&auto=webp&s=f0d79a10b0000e8591ad6576de032e9ee2f2fd89](https://preview.redd.it/r6zjeawdeed71.png?width=1211&format=png&auto=webp&s=f0d79a10b0000e8591ad6576de032e9ee2f2fd89) + +&#x200B; + +[https://preview.redd.it/3nt0ws8aged71.png?width=1347&format=png&auto=webp&s=b2c1333d3d0fb0532b44b4ac7c564521c2b42c0c](https://preview.redd.it/3nt0ws8aged71.png?width=1347&format=png&auto=webp&s=b2c1333d3d0fb0532b44b4ac7c564521c2b42c0c) + +&#x200B; + +[https://preview.redd.it/53a0jy4aged71.png?width=1357&format=png&auto=webp&s=8ca7b2f90839321fd9252c79eb74a66d2c7a03f0](https://preview.redd.it/53a0jy4aged71.png?width=1357&format=png&auto=webp&s=8ca7b2f90839321fd9252c79eb74a66d2c7a03f0) + +&#x200B; + +[https://preview.redd.it/or1hwa1aged71.png?width=1366&format=png&auto=webp&s=1c6d90506f55915105a5932d945f32c8d62a545b](https://preview.redd.it/or1hwa1aged71.png?width=1366&format=png&auto=webp&s=1c6d90506f55915105a5932d945f32c8d62a545b) + +&#x200B; + +[https://preview.redd.it/adtkyow9ged71.png?width=1401&format=png&auto=webp&s=b6fc13a09b4a2df0f003fcbf343fe316c5801d00](https://preview.redd.it/adtkyow9ged71.png?width=1401&format=png&auto=webp&s=b6fc13a09b4a2df0f003fcbf343fe316c5801d00) + +&#x200B; + +[https://preview.redd.it/f5thc8r9ged71.png?width=1387&format=png&auto=webp&s=85a751b0d8de413ae02260bba93ab7faf606bd79](https://preview.redd.it/f5thc8r9ged71.png?width=1387&format=png&auto=webp&s=85a751b0d8de413ae02260bba93ab7faf606bd79) + +&#x200B; + +[https://preview.redd.it/ft9p34m9ged71.png?width=1384&format=png&auto=webp&s=a67c5a633acf782f94245b48250a765d5192cb68](https://preview.redd.it/ft9p34m9ged71.png?width=1384&format=png&auto=webp&s=a67c5a633acf782f94245b48250a765d5192cb68) + +&#x200B; + +[https://preview.redd.it/8otk7rj9ged71.png?width=1387&format=png&auto=webp&s=9b08a550b059b31745e40e8fd8fe3ddc67fcf7ff](https://preview.redd.it/8otk7rj9ged71.png?width=1387&format=png&auto=webp&s=9b08a550b059b31745e40e8fd8fe3ddc67fcf7ff) + +**DEFINITIONS EASILY FOUND UNDER RULE 56** + +\*The term “\****Ineligibility Date”*** *would mean, with respect to an SFT, the date on which the SFT Security that is the subject of the SFT becomes an Ineligible SFT Security (as defined below and in the proposed rule change).* + +*The term* ***“Ineligible SFT”*** *would mean an SFT that has, as its subject, SFT Securities that have become Ineligible SFT Securities.* + +*The term* ***“Ineligible SFT Security”*** *would mean an SFT Security that is not eligible to be the subject of a novated SFT.* + +*The term* ***“Initial Settlement”*** *would mean the exchange of SFT Securities for SFT Cash described in clause (a) of the proposed definition of Securities Financing Transaction.* + +*The term* ***“Linked SFT”*** *would mean an SFT entered into by the pre-novation SFT Member parties to a Settling SFT that has the same Transferor, Transferee and subject SFT Securities (including CUSIP) as the Settling SFT. As proposed, a Linked SFT would include an SFT that has as its subject fewer SFT Securities than the corresponding Settling SFT but would not include an SFT that has as its subject more SFT Securities than the corresponding Settling SFT.* + +*The term* ***“Market Value SFT Cash”*** *would mean the portion of the SFT Cash for an SFT equal to the amount of the SFT Cash for such SFT minus the Independent Amount SFT Cash of such SFT.* + +*The term* ***“Price Differential”*** *would mean (a) for purposes of the discharge of offsetting Final Settlement and Initial Settlement obligations, (i) the SFT Cash for the Settling SFT (or if the Settling SFT has a greater quantity of SFT Securities as its subject than the corresponding Linked SFT, the Corresponding SFT Cash) minus (ii) the SFT Cash for the Linked SFT; and (b) for all other purposes, (i) the SFT Cash for the SFT minus (ii) the product of the Independent Amount Percentage, if any, and the Current Market Price of the SFT Securities.* + +*The term* ***“Rate Payment”*** *would mean an amount payable from one party to an SFT to the other party to the SFT at the Final Settlement expressed as a percentage of the amount of SFT Cash for the SFT. As an example, if the Rate Payment is specified as 0.02%, the amount payable would be the product 0.02% and the SFT Cash for the SFT.* + +*The term* ***“Recall Date”*** *would mean, in respect of a Recall Notice, the second Business Day following NSCC’s receipt of such Recall Notice.* + +*The term* ***“Recall Notice”*** *would mean a notice that triggers the provisions of Section 9(b) of proposed Rule 56, relating to a Buy-In in respect of an SFT and that is submitted by an Approved SFT Submitter on behalf of a Transferor in accordance with the communication links, formats, timeframes and deadlines established by NSCC for such purpose.* + +*The term* ***“Recalled SFT”*** *would mean an SFT that has been novated to NSCC in respect of which a Recall Notice has been submitted.* + +*The term* ***“Securities Financing Transaction” or “SFT”*** *would mean a transaction between two SFT Members pursuant to which (a) one SFT Member agrees to transfer specified SFT Securities to another SFT Member versus the SFT Cash; and (b) the Transferee agrees to retransfer such specified SFT Securities or equivalent SFT Securities (including quantity and CUSIP) to the Transferor versus the SFT Cash on the following Business Day.* + +*The term* ***“Settling SFT”*** *would mean, as of any Business Day, an SFT that has been novated to NSCC, the Final Settlement of which is scheduled to occur on that Business Day.* + +*The term* ***“SFT Account”*** *would mean a ledger maintained on the books and records of NSCC that reflects the outstanding SFTs that an SFT Member enters into and that have been novated to NSCC, the SFT Positions or SFT Cash associated with those transactions and any debits or credits of cash associated with such transactions effected pursuant to Rule 12 (Settlement). As proposed, the term “SFT Account” would include any Agent Clearing Member Customer Omnibus Account and any Sponsored Member Sub-Account.* + +*The term* ***“SFT Cash”*** *would mean the specified amount of U.S. dollars that the Transferee agrees to transfer to the Transferor at the Initial Settlement of an SFT, (i) plus any Price Differential paid by NSCC to the SFT Member as Transferor or by the SFT Member as Transferee to NSCC during the term of the SFT and (ii) less any Price Differential paid by NSCC to the SFT Member as Transferee or by the SFT Member as Transferor to NSCC during the term of the SFT.* + +*The term* ***“SFT Close-out Value”*** *would mean, with respect to an SFT Position of an SFT Member, an amount equal to: (i) if the SFT Member is the Transferor of the SFT Securities that are the subject of such SFT, (a) the CNS Market Value of the SFT Securities that are the subject of such SFT minus (b) the SFT Cash for such SFT; and (ii) if the SFT Member is a Transferee of the SFT Securities that are the subject of such SFT, (a) the SFT Cash for such SFT minus (b) the CNS Market Value of the SFT Securities that are the subject of such SFT.* + +*The term* ***“SFT Long Position”*** *would mean the number of units of an SFT Security which an SFT Member is entitled to receive from NSCC at Final Settlement of an SFT against payment of the SFT Cash.* + +*The term* ***“SFT Member”*** *would mean any Member, Sponsored Member acting in its principal capacity, Sponsoring Member acting in its principal capacity or Agent Clearing Member acting on behalf of a Customer, in each case that is a party to an SFT, permitted to participate in NSCC’s SFT Clearing Service.* + +*The term* ***“SFT Position”*** *would mean an SFT Member’s SFT Long Position or SFT Short Position (as defined below and in the proposed rule change) in an SFT Security that is the subject of an SFT that has been novated to NSCC.* + +*The term* ***“SFT Security”*** *would mean a security that is eligible to be the subject of an SFT novated to NSCC and is included in the list for which provision is made in proposed Section 1(g) of Rule 3 (Lists to be Maintained), as described below. As proposed, if any new or different security is exchanged for any SFT Security in connection with a recapitalization, merger, consolidation or other corporate action, such new or different security shall, effective upon such exchange, become an SFT Security in substitution for the former SFT Security for which such exchange is made.* + +*The term* ***“SFT Short Position”*** *would mean the number of units of an SFT Security that an SFT Member is obligated to deliver to NSCC at Final Settlement of an SFT against payment of the SFT Cash.* + +*The term* ***“Transferee”*** *would mean the SFT Member party to an SFT that agrees to receive SFT Securities from the other SFT Member party to the SFT in exchange for SFT Cash in connection with the Initial Settlement of the SFT.* + +*The term* ***“Transferor”*** *would mean the SFT Member party to an SFT that agrees to transfer SFT Securities to the other SFT Member party to the SFT in exchange for SFT Cash in connection with the Initial Settlement of the SFT.* + +\------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ + +&#x200B; + +" In connection with proposed Rules 2C, 2D and 56, NSCC is also proposing to make conforming and technical changes to the following Rules to accommodate the proposed introduction of the new membership categories and the proposed SFT Clearing Service. " + +&#x200B; + +\---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + +**THE FILING** + +\---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + +**Now that we have the terminology, rules, and everything organized above ( will update as I go ), this section will be for the actual filing. It's broken down into the following:** + +**(i) Background** + +1. *Capital Efficiency Opportunities* +2. *Fire Sale Risk Mitigation* +3. *Liquidity Drain Risk Mitigation* +4. *Addition of New Membership Categories for Institutional Firm SFT Activity* + +**(ii) Key Parameters of the Proposed SFT Clearing Service** + +1. *Overnight SFTs* +2. *SFT Counterparties* +3. *Approved SFT Submitters* +4. *Eligible Equity Securities and Per Share Price Minimum* +5. *Cash Collateral* +6. *RVP/DVP Settlement at DTC* +7. *Buy-In, Recall and Accelerated Settlemen*t +8. *Risk Management of SFT Positions* + + **(iii) Sponsoring Members and Sponsored Members** + +1. *Sponsoring Members* +2. *Sponsored Members* + + **(iv) Agent Clearing Members and Customers** + + **(v) Sponsoring Member/Sponsored Member vs. Agent Clearing Member/Customers** + + **(vi) Proposed Rule Changes** + +1. **(A) Proposed Rule 2C – Sponsoring Members and Sponsored Members** + +[PROPOSED RULE 2C, SECTION 1](https://preview.redd.it/v5r12u83h9d71.png?width=827&format=png&auto=webp&s=3154bc97daecb9f574115a68dcaae0911b59ab55) + +[PROPOSED RULE 2C, SECTION 2, PARAGRAPHS (a) - (c)](https://preview.redd.it/tie9olqbh9d71.png?width=822&format=png&auto=webp&s=58d3c3b937603fc72c68c5ce3bff691dca2f4707) + +[PROPOSED RULE 2C, SECTION 2, PARAGRAPHS (d) - (g)](https://preview.redd.it/yshfqiueh9d71.png?width=767&format=png&auto=webp&s=47d9903970d9bb56e2484bf51c20c13b5d6fbbf6) + +[PROPOSED RULE 2C, SECTION 2, PARAGRAPHS (h) - (j)](https://preview.redd.it/irbwd98hh9d71.png?width=784&format=png&auto=webp&s=aac18cf24e419ba87f35038250f13b0fdf5f27da) + +[PROPOSED RULE 2C, SECTION 2, PARAGRAPHS (k) - (l)](https://preview.redd.it/n1s50y7mh9d71.png?width=784&format=png&auto=webp&s=7862062017b52e59c2beb0fdac3789e1e20f11f8) + +[PROPOSED RULE 2C, SECTION 2, PARAGRAPHS (m) - (n)](https://preview.redd.it/qeji7n3ph9d71.png?width=728&format=png&auto=webp&s=c939271068971cd0dab4136f9f85e72e6c04e6b3) + +[PROPOSED RULE 2C, SECTION 3, PARAGRAPHS (a) - (c)](https://preview.redd.it/8864b55il9d71.png?width=761&format=png&auto=webp&s=d80f6e0c0318d15ed1f8260b515c29accc3ec2c1) + +[(PROPOSED RULE 2C, SECTION 3, PARAGRAPHS (d) - (f)](https://preview.redd.it/o7uapizhl9d71.png?width=746&format=png&auto=webp&s=8fabf1c4421c959d64b7dcd0ce8b971417599e6e) + +[PROPOSED RULE 2C, SECTION 4 (COMPLIANCE WITH LAWS)](https://preview.redd.it/eytwv0gm8dd71.png?width=632&format=png&auto=webp&s=0ccc9461d078747b3633c1daea8613e635fb5896) + +[PROPOSED RULE 2C, SECTION 5 (SPONSORED MEMBER TRANSACTIONS)](https://preview.redd.it/8t0tzejq8dd71.png?width=655&format=png&auto=webp&s=96628045502084b5e1c4aedc1156eaa4a0e4a922) + +[PROPOSED RULE 2C, SECTION 6 (SPONSORING MEMBER AGENT OBLIGATIONS)](https://preview.redd.it/8gqn1m1v8dd71.png?width=693&format=png&auto=webp&s=1f63a6c92bc7df12ab207b274b2dc8e93358e322) + +[PROPOSED RULE 2C, SECTION 7, PARAGRAPHS (a) - (b) (CLEARING FUND OBLIGATIONS)](https://preview.redd.it/me4sgghy8dd71.png?width=777&format=png&auto=webp&s=66c2188f34a57cc583d0dca4c2a324634714d58e) + +[PROPOSED RULE 2C, SECTION 7, PARAGRAPHS (c) - (e) (CLEARING FUND OBLIGATIONS)](https://preview.redd.it/v89q9z659dd71.png?width=707&format=png&auto=webp&s=cb9acdc73cc5397565f53a52587cf274c4f0915a) + +[PROPOSED RULE 2C, SECTION 8 (RIGHT TO OFFSET)](https://preview.redd.it/ilxdemf89dd71.png?width=677&format=png&auto=webp&s=5109b4430e24372578a6dce76701200599306820) + +[PROPOSED RULE 2C, SECTION 9 (LOSS ALLOCATION OBLIGATIONS)](https://preview.redd.it/0sanna5d9dd71.png?width=781&format=png&auto=webp&s=ff717cbeb5fa5f83f244e4639fd0ca8c23b597ec) + +[PROPOSED RULE 2C, SECTION 10 (RESTRICTIONS ON ACCESS TO SERVICES BY A SPONSORING MEMBER](https://preview.redd.it/mqt4shyf9dd71.png?width=671&format=png&auto=webp&s=1a3e6a95e1bdd7e26197e71f69e26654f87e99cd) + +[PROPOSED RULE 2C, SECTION 11 (RESTRICTIONS ON ACCESS TO SERVICES BY A SPONSORED MEMBER)](https://preview.redd.it/5ms07mwi9dd71.png?width=703&format=png&auto=webp&s=e4f863c7d73ac7655eb4982b3bfc801d04f8cfbb) + +[PROPOSED RULE 2C, SECTION 12 (INSOLVENCY OF A SPONSORED MEMBER)](https://preview.redd.it/n6do9y7m9dd71.png?width=680&format=png&auto=webp&s=7a24a5ece8ee4f17416829238132058b15e07b11) + +[PROPOSED RULE 2C, SECTION 13 (INSOLVENCY OF A SPONSORED MEMBER)](https://preview.redd.it/85dlv8rq9dd71.png?width=731&format=png&auto=webp&s=18c8bf17b9a421898085cec5dc0539fce05e1c94) + +[PROPOSED RULE 2C, SECTION 14, PARAGRAPHS (a) - (b) ( LIQUIDATION OF SPONSORED MEMBER AND RELATED SPONSORING MEMBER POSITIONS)](https://preview.redd.it/524us5gw9dd71.png?width=691&format=png&auto=webp&s=283b4657db118c297e83b9c189cca83121fe5bcf) + +[PROPOSED RULE 2C, SECTION 14, PARAGRAPHS (c) ( LIQUIDATION OF SPONSORED MEMBER AND RELATED SPONSORING MEMBER POSITIONS)](https://preview.redd.it/7mjjqlw3add71.png?width=700&format=png&auto=webp&s=6d06b3bceefe6e61053a598f15581bb7b07413dc) + +[PROPOSED RULE 2C, SECTION 14, PARAGRAPHS (c - continued) ( LIQUIDATION OF SPONSORED MEMBER AND RELATED SPONSORING MEMBER POSITIONS)](https://preview.redd.it/3nv8ooe7add71.png?width=688&format=png&auto=webp&s=f414439c1b06c49771148a2d6fc68707a58f9615) + +[PROPOSED RULE 2C, SECTION 14, PARAGRAPHS (c - continued) ( LIQUIDATION OF SPONSORED MEMBER AND RELATED SPONSORING MEMBER POSITIONS)](https://preview.redd.it/o6w2d9kaadd71.png?width=689&format=png&auto=webp&s=8238ebf13fe684233fd15ea6b59dace1bb87d76c) + +[PROPOSED RULE 2C, SECTION 14, PARAGRAPHS (d) - (e) ( LIQUIDATION OF SPONSORED MEMBER AND RELATED SPONSORING MEMBER POSITIONS)](https://preview.redd.it/zb2pwyzbadd71.png?width=700&format=png&auto=webp&s=cd13b9f3e20766968b771e0724824da238aedf21) + +**(B) Proposed Rule 2D – Agent Clearing Members** + +1. *Proposed Rule 2D, Section 1 (General)* +2. *Proposed Rule 2D, Section 2 (Qualifications of Agent Clearing Members, the Application Process and Continuance Standards)* +3. *Proposed Rule 2D, Section 3 (Compliance with Laws)* +4. *Proposed Rule 2D, Section 4 (Agent Clearing Member Transactions)* +5. *Proposed Rule 2D, Section 5 (Agent Clearing Member Agent Obligations)* +6. *Proposed Rule 2D, Section 6 (Clearing Fund Obligations)* +7. *Proposed Rule 2D, Section 7 (Right of Offset)* +8. *Proposed Rule 2D, Section 8 (Loss Allocation Obligations)* +9. *Proposed Rule 2D, Section 9 (Restrictions on Access to Services by an Agent Clearing Member)* +10. *Proposed Rule 2D, Section 10 (Insolvency of an Agent Clearing Member)* +11. *Proposed Rule 2D, Section 11 (Transfer of Agent Clearing Member Transactions in Agent Clearing Member Customer Omnibus Accounts)* +12. *Proposed Rule 2D, Section 12 (Customer Acknowledgments)* + +**(C) Proposed Rule 56 – Securities Financing Transaction Clearing Service** + +1. *Proposed Rule 56, Section 1 (General)* +2. *Proposed Rule 56, Section 2 (Eligibility for SFT Clearing Service: SFT Member)* +3. *Proposed Rule 56, Section 3 (Membership Documents)* +4. *Proposed Rule 56, Section 4 (Securities Financing Transaction Data Submission)* +5. *Proposed Rule 56, Section 5 (Novation of Securities Financing Transactions)* +6. *Proposed Rule 56, Section 6 (Rate and Distributions)* +7. *Proposed Rule 56, Section 7 (Final Settlement of Securities Financing Transactions)* +8. *Proposed Rule 56, Section 8 (Discharge of Offsetting Final Settlement and Initial Settlement Obligations)* +9. *Proposed Rule 56, Section 9 (Non-Returned Securities Financing Transactions and Recalls)* +10. *Proposed Rule 56, Section 10 (Cancellation, Modification and Termination of Securities Financing Transactions)* +11. *Proposed Rule 56, Section 11 (Accelerated Final Settlement)* +12. *Proposed Rule 56, Section 12 (Clearing Fund Requirements)* +13. *Proposed Rule 56, Section 13 (Ineligible SFT Securities and Supported Corporate Actions)* +14. *Proposed Rule 56, Section 14 (Cease to Act Procedures for SFT Members with Open Securities Financing Transactions)* +15. *Proposed Rule 56, Section 15 (Sponsored Member SFT Clearing)* +16. *Proposed Rule 56, Section 16 (Customer SFT Clearing)* +17. *Proposed Rule 56, Section 17 (Corporation Default)* +18. *Proposed Rule 56, Section 18 (Other Applicable Rules, Procedures, and Addendums)* + +**(D) Other Rule Changes** + +1. *Rule 1 (Definitions and Descriptions)* +2. *Rule 2 (Members and Limited Members)* +3. *Rule 3 (Lists to be Maintained)* +4. *Rule 4 (Clearing Fund)* +5. *Rule 5 (General Provisions)* +6. *Rule 24 (Charges for Services Rendered)* +7. *Rule 26 (Bills Rendered)* +8. *Rule 39 (Reliance on Instructions* +9. *Rule 42 (Wind-Down of the Corporation)* +10. *Rule 49 (Release of Clearing Data and Clearing Fund Data)* +11. *Rule 58 (Limitations on Liability)* +12. *Rule 64 (DTCC Shareholders Agreement)* +13. *Procedure XV (Clearing Fund Formula and Other Matters)* +14. *Addendum B (Qualifications and Standards of Financial Responsibility, Operational Capability and Business History)* +15. *Addendum P (Fine Schedule)* + + **(vii) Impact of the Proposed SFT Clearing Service on Various Persons** + +1. *Expected Effect on, and Management of, Risks to the Clearing Agency, Its Participants and the Market* +2. *Market Risk* +3. *Liquidity Risk* +4. *Credit Risk* +5. *Operational Risk* +6. *Consistency with the Clearing Supervision Act* + +\----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------THIS SECTION NEEDS REORGANIZING (Discusses Liquidity Drain and Fire Sale Risk Mitigations) + +[Basically, they are fully aware that fire sale risk comes primarily from the rehypothecation of securities, which is why pledged collateral CANNOT be re-pledged. (thanks 005)](https://preview.redd.it/yz7cshkkj9d71.png?width=1397&format=png&auto=webp&s=0d2f62e9a313b6b804f166749f64eaba312b2d5f) + +[https://preview.redd.it/i58lli7rj9d71.png?width=1397&format=png&auto=webp&s=4a7b758b8bab684be00634cbf8d6d484ae23b9aa](https://preview.redd.it/i58lli7rj9d71.png?width=1397&format=png&auto=webp&s=4a7b758b8bab684be00634cbf8d6d484ae23b9aa) + +&#x200B; + +If these mofos get caught with the "hot potato", or the "fuckloads of shit collateral", NSCC can liquidate their gross positions. (thanks 002). See how it all is coming together? + +LIQUIDIY DRAIN:(sounds like a Warlock DOT) + +[https://preview.redd.it/dwkj1fnhl9d71.png?width=1391&format=png&auto=webp&s=382efa451092793de75289b2ad5be7bdd402effd](https://preview.redd.it/dwkj1fnhl9d71.png?width=1391&format=png&auto=webp&s=382efa451092793de75289b2ad5be7bdd402effd) + +\---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + +TL;DR + +This filing is bigger than my wife's boyfriend's D\*ck. + +I'll provide continuous updates as I move through this. + +Community help is welcomed and appreciated. + +Basically, they're creating a service for securities lending, where the NSCC is assuming all risk, therefore making significant regulatory, capital, and other requirements in order to **receive the netting benefits** that come with the service. The NSCC is fully aware of the risks involved with re-hypothecating collateral, or re-pledging collateral, and have designed this service to prevent that from occurring. + +The real TL;DR? One sentence, directly from the filing: + +&#x200B; + +[https://preview.redd.it/fhv2ur8hl9d71.png?width=663&format=png&auto=webp&s=ef1b2c989b4455805e631f7826f9663cf4d69c53](https://preview.redd.it/fhv2ur8hl9d71.png?width=663&format=png&auto=webp&s=ef1b2c989b4455805e631f7826f9663cf4d69c53) + +Keep in mind, this likely won't see approval for sometime. + +Hopefully it gets enacted before MOASS, as this really leads me to believe that if it isn't, MOASS truly will destroy this market, in my dumbass opinion of course. We'll see! + +&#x200B; + +Until then, I hodl. + +I just sobered up.. I'm scared to scroll up. + +Cya on the next update! + +\---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- +Two months ago I decided not to renew my contract with the Army and got discharged having saved 15K€ after a 2 year contract (1000€ net per month), which for me is a fortune since I was used to live paycheck to paycheck before enlisting (not a spendthrift, just come from the lowest possible social class). + +I immediately started researching what to do with all the money (hell I didn't even know what an index fund or a dividend were - just like anybody surrounding me), so I spend quite a few lockdown weeks reading basic economy and investment articles, watching youtube videos, learning about economic history... this sort of stuff. + +After much though and research I came with the following portfolio (nothing's fixed, everything's still on paper): + +* 8K as an emergency fund. I'm receiving unemployment benefits till May which will allow to sustain myself for a while (900€/month, my current monthly expeses are around 600€), but since I'm still jobless I'm reserving this amount of cash, just in case. +* 7K with the following distribution: precious metals (38%), medical crowdfunding (3%), BTC & ETH (10%), 12 altcoins (8%), 2 metaverse-only-related altcoins (1,5%), stocks (23%), UCITS ETFs Equity (3%) and UCITS ETFs Bonds (5,3%). Still got c. 650€ (8,2%) unallocated. + +1. Stocks: I mainly focused on high-dividend American companies (except for Nestlé) related to consumer staples and healthcare, also picked AAPL, MSFT and GOOGL (1 share each). +2. ETFs about stocks: [VNRT](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-north-america-ucits-etf-usd-distributing?intcmpgn=equityusa_ftsenorthamericaucitsetf_fund_link), [VERX](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-developed-europe-ex-uk-ucits-etf-eur-distributing?intcmpgn=equityeurope_ftsedevelopedeuropeexukucitsetf_fund_link), [VAPX](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-developed-asia-pacific-ex-japan-ucits-etf-usd-distributing?intcmpgn=equityasia-pacific_ftsedevelopedasiapacificexjapanucitsetf_fund_link), [VFEM](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-emerging-markets-ucits-etf-usd-distributing/portfolio-data?intcmpgn=equityemerging%20markets_ftseemergingmarketsucitsetf_fund_link), [IUHC](https://www.ishares.com/uk/individual/en/products/280507/ishares-sp-500-health-care-sector-ucits-etf), [IUUS](https://www.ishares.com/uk/individual/en/products/287115/ishares-s-p-500-utilities-sector-ucits-etf-fund), [IUCS](https://www.ishares.com/uk/individual/en/products/287102/ishares-s-p-500-consumer-staples-sector-ucits-etf-fund) (1 share each). +3. ETFs about bonds: [VETY](https://www.vanguardinvestor.co.uk/investments/vanguard-eur-eurozone-government-bond-ucits-etf-eur-distributing?intcmpgn=fixedincomeeurope_eureurozonegovernmentbonducitsetf_fund_link), [VECP](https://www.vanguardinvestor.co.uk/investments/vanguard-eur-corporate-bond-ucits-etf-eur-distributing?intcmpgn=fixedincomeeurope_eurcorporatebonducitsetf_fund_link), [VUTY](https://www.vanguardinvestor.co.uk/investments/vanguard-usd-treasury-bond-ucits-etf-usd-distributing/portfolio-data?intcmpgn=fixedincomeusa_usdtreasurybonducitsetf_fund_link), [VUCP](https://www.vanguardinvestor.co.uk/investments/vanguard-usd-corporate-bond-ucits-etf-usd-distributing?intcmpgn=fixedincomeusa_usdcorporatebonducitsetf_fund_link), [VUSC](https://www.vanguardinvestor.co.uk/investments/vanguard-usd-corporate-1-3-year-bond-ucits-etf-usd-distributing?intcmpgn=fixedincomeusa_usdcorporate13yearbonducitsetf_fund_link), [ITPS](https://www.ishares.com/uk/individual/en/products/251714/ishares-tips-ucits-etf) (1 share each). + +**Just a few things:** + +\- Right now rather than becoming financially independent I'm truly concerned about keeping my humble wealth safe, since every single economy buff out there is predicting 2022 as the next economic doomsday scenario (I'm super paranoid about losing my savings in a finger snap due to inflation). + +\- Asking from pure ignorance: why is everybody recomending all-word ETFs when their allocation is almost exclusively focused on the US? I get it's the most competitive market, but wouldn't it be wiser to invest in multiple region/continent ETFs so you can also get a good stake on emerging markets? + +\- How good are IKBR, Binance and Coinbase for the average Spanish user? + +\- I run out of creativity and simply have no idea what to do with that cited remaining 8,2%. Would you diversify more or get more shares of already-in-mind stocks? Would you leave them and wait for a bear market? + +\- Before someone ever mentions it: No, there is no one in my social circle that can give me professional financial advice (I don't plan to get it from here either, just read and learn from others experiences), everybody is a blue collar worker where I live. + +\- Feel free to ask and shred my plans to pieces. Have a nice day. +Hello everyone. First and foremost I'm hoping everyone is safe and sound during this time. + +Welcome to the world of trading. I will make this post very simple and straight to the point because newcomers that I am aware of are making me CRINGE by the way they speak and are investing into stocks, not only in this sub, but including people I personally know. Here it goes: + +1. DO NOT spill your life savings into trading. + You have worked very hard to make that money. The last thing you need is all that money disapearing in a blink of an eye. Start off with an amount you can truly play around with - and do not jump into the get rich quick scheme by dumping everything. Even if it's just $100.00, it's a great amount to get a feel for the market. + + +2. DD - Due Dilligence + This means to investigate on a particular stock you are interested in investing into. How so? View their accessible financial records, see how they have performed in the previous years, what situation they are in, etc; That doesn't mean, "Oh, someone told me Daddy Tesla tweeted about a Woof Woof currency so I'm going to dump my money there." +Or another example is with people claiming that a certain stock will jump extremely high so "get in right now!!! 🚀." +NO. Just no. +I am not saying ALL those individuals are ill-minded or trying to get you, but if you come across something like this, then research "Pumping and Dumping". +PLEASE, do your own research. I understand everyone wants to make money, especially during this horrific time, but you must do your own part as a trader and not ENTIRELY rely and leech of others. Be Smart. + + +3. Set a target price and limit for a stock and don't be GREEDY. + As you see the stock you have invested in is slowly increasing in value, your mouth will get watery. Pretty soon it will get to the point where it gets high that in an instant it can DROP, causing water to now come out of your eyes. +I know we want more and more, but if you're especially trading for short term, set a price you would want to sell at. Example: + +BAD: +Let us purchase this stock at $0.25, we shall sell at $0.30. Oh wow it's at $0.30, okay let's sell at $0.32, it will surely hit. Ah shit, it dropped $0.22, we have to sell this just so it doesn't go lower. + +Set a limit order ! This will automatically sell at the target price you want it to. Once you get your profits, take off and don't look back saying you wish you invested much more and longer, if the stock value decides to increase. Be happy! Any profit is better than no profit and/or losses! + + +4. Educate yourself + Read up on stocks ! How they work, the meaning of stocks, puts, NASDAQ, ETF's, etc; Familiarize yourself with trading terms. Watch YouTube videos on how to get comfortable with the market, beginner videos on trading, live trading with professionals, etc; Feed yourself knowledge. The more educated you get, the more serene your experience will be within the market. +"Any fool can know. The point is to understand." ~ Albert Einstein. + + +5. Handling losses. + If you are losing a substantial amount of money from what you have deposited and it is affecting you mentally, physically or is causing you to be in a depressive state you can't escape, then you shouldn't be trading anymore. You have to learn to handle losses. Every trader goes through a loss or failure as so does every human being excluding trading. It was your idea to get into trading, so you should be aware of risk consequences. +Learn to enjoy the whole journey man regardless of what happens. Have fun every step of the way and don't let certain things get to you. I've had my losses in the market and I am glad to say it hasn't bothered me one bit. Life is meant to be enjoyed, not to be lived with sadness. + +Best of luck to all of us traders and I wish you nothing but success for this brand new year and the years to come. Please feel free to post other pieces of advice as I am fairly new to the stock market as well (roughly one year). Thanks for reading. +How’s it going guys! posted the other day introducing myself. Stoked with the replies/responses I’ve got, this place seems like a fantastic community! Glad to be here, + +Just thought I’d ask though, how often do wonderful companies go on sale? I’ve read Phil town’s stuff and have now picked up Peter Lynch’s One up On Wall Street (only 20 pages in) and was thinking Is it a case where we have to wait every 10 years for a big crash or do we/you find wonderful companies ‘on sale’ as often as every few months/weeks? + +Thanks guys, finding this stuff extremely fun. New passion. +Starbucks is down 23% since its all-time high at $126/share, so I decided to take a look at the fundamentals and attempt to assess the fair value. Based on my valuation, the fair value per share is $70.14. + +[https://youtu.be/wvviMJ26kh4](https://youtu.be/wvviMJ26kh4) + +Fundamentally, I don't see any other way for Starbucks to grow apart from opening more stores. I don't see a high probability of the company making a huge innovation that pushes the price significantly up. + +Key points for the last 5 years: + +\- Increased presence mainly in China + +\- Increased the debt by $10b + +\- Decreased outstanding shares significantly (1.423b --> 1.173b) + +\- Annual revenue growth - 7% (signs of a steady growing / mature company) + +\- Operating margin - 16 to 17% (except 2020) + +I ran the following assumptions through a DCF model: + +\- Revenue growth 12% for the next year (recovering from the pandemic and the lockdowns), then 6% in the next 5 years, a little bit below the historical growth) + +\- Operating margin of 17%, later growing to 18% + +\- WACC of 5.74% --> Incredibly low as the volatility was not high and the cost of equity is relatively low + +The outcome is as follows: Revenue to grow 70% in 10 years and reach $48.7b and the value per share is **$70.14.** + +I could be wrong, so below are a few scenarios: + +&#x200B; + +|Revenue / Op. margin|16%|18%|20%| +|:-|:-|:-|:-| +|1.7x ($48.7b)|$61.0|**$70.1**|$79.2| +|2x (58.7b)|$70.8|$81.4|$92.0| +|2.3x ($67.9b)|$82.6|$94.9|$107.3| +|2.5x ($72.8b)|$97.3|$100.4|$113.5| + +I'd like to get your thoughts on the company and see if there's anything significant that I'm missing from my assumptions. +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://np.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://np.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* **[EXPERIMENTAL]** - To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Hello All, + +Big fan of this community. Just wanted to bounce some ideas. I currently have 250k saved and I just turned 29 years old. Seriously thinking about putting 150k into a high dividend income yielding portfolio returning around 8.5% (UTF,EOI,QYLD,JEPI). Due to my age, I do not need the income, rather I will be DCA'ing every monthly check back into the etfs forever. Effectively this will give me a "raise" every month/year which is cool. Ive run some calculations and by the time I am 40, re-investing every monthly check evenly, not accounting for any growth in the etfs (even though UTF, EOI, and JEPI have modest growth), the portfolio will be worth 340k and yielding about 29k a year. This will likely be significantly higher because growth was factored in at 0. What are your thoughts on this? Seems pretty reliable to me. + +With the remaining 100k, I will be investing in a mixture of growth and blue chips stock. Would love to hear some feedback on this dividend income strategy. I figure the DCA approach really makes this strategy much more attractive, but what do I know. Would love to hear your thoughts, thanks +I am feeling very confident that all of these massive shortages (lumber, housing, labor, chips, cars, etc) is a sign of increased inflation in the next 1-3 years (thanks, Planet Money). I hope I'm wrong, I but it made me nervous because I do have quite a bit of cash on hand (10k+) that I'm holding to find an investment opportunity. Here's what I found with a bit of research: + +1. Real Estate - I already own my home. Buying rental properties in my area doesn't make sense because of how crazy the market is. I also have no interest in being a landlord ever. +2. TIPS -Treasury Inflation-Protected Securities. I found a few ETFs (STIP, LTPZ, TIPZ). Is this a good play? Would you suggest one of these ETFs over another? +3. Crypto - A lot of people talk about crypto as a commodity which typically go up during periods of inflation. I already own about $10k of BTC and $3K of ETH which have done really well for me. I am bullish on Crypto. + +Is anyone else here feeling this way? How are you positioning yourself if inflation does rear it's head? +I own some rental properties and in the past I've always used biggerpockets as my go-to for getting property management recommendations. + +I just created a new thread asking for Orlando STR managers, and within 2 minutes I was messaged saying my posting was removed because asking for referrals is like advertising and I have to purchase their PRO plan to post advertisements. + +Feels to me like a money grab, I'm very disappointed they're turning this way. What's another good resource to ask fellow investors for people/company recommendations? + +**EDIT:** I understand a lot of people share my frustration with BP's new direction. Unfortunately it doesn't seem like there are any alternatives yet (I'm not going to keep using BP anymore, just sucks there's no other forum to fill the void) +IN UNDER 24HRS FROM LAUNCH, EVERPRINTER IS LISTED IN CG, CMC AND CERTIK Onboarding link is out 🤯 crazy movement by team, utility of Staking will be out in near days with huge marketing plan and big partnerships, 44k$ in marketing wallet after launch 💥 + +Ath close of 2m, 1K Holders in night. Presalers did some x's on launch and team will reverse the chart by power soonly 💥 + +Everprinter ($EPRINT) is a HIGH dividend rewarding token on the Binance Smart Chain. Backed by an experienced team and solid code. Look no further and start printing USDT rewards for yourself. EverPrinter is designed to make secure place for holders to get daily passive income sent to their wallets! Its highest USDT (9%) rewards and we have highest ratio of residual USDT income. + +https://www.coingecko.com/en/coins/everprinter + +https://coinmarketcap.com/currencies/everprinter/ + +EverPrinter is not a hobby, side project or a side-hustle; it's a business being run like a business. Neither time nor money will be wasted on internal development if better, cheaper and faster already exist for purchase. As a business, EverPrinter is about bring service and value to its investors. + +EverPrinter has already been double KYC'd with pinksale and another big company, and the core team is already many times KYC and doxxed in previous projects. There is Certik Audit already onboarding: + +https://www.certik.com/projects/everprinter + +Full audit out soon‼️ + +EverPrinter has an aggressive development roadmap, to ensure all the 'basic services' are accessible by investors early on. Staking, Liquidity Pooling, and other cool utilites are under development and most will be ready on launch week. + +Alongside more aggressive Marketing Roadmap, team is ready to make first 1000x moonshot rewards token from this one. + +Taxes: +Total Buy/Sell 16% + +USDT Rewards 9% + +Marketing 5% + +Auto LP 2% + + +✅ We will also be running some community giveaways and contests over the weekend, so stay tuned! + +Socials: + +Telegram: https://t.me/everprinter + +Website: www.everprinter.finance + +Twitter: https://twitter.com/EverPrinterbsc + +Facebook: https://facebook.com/everprinter.bsc +I am not complaining :). But I am new to this REIT (REITs in general) so not sure if there was a catalyst I missed or some other reason it is through the roof. + +I know there is an upcoming acquisition so maybe that’s it? I am just surprised that what I viewed as a boring high dividend stock is up so much in such a short time. +Hello! One of the main features of Marxist econ is the idea that technological advancement will lead to overproduction, profits will go down, the economy will collapse, and then there will be a Communist revolt. Has this ever happened? From my understanding if profits ever started going down massively capitalists would just leave the industry, thus a decrease in supply, increase in prices and therefore a return of profit. So is it real? +I tried posting this over at econjobrumors, but people were unbelievably rude and then my post was deleted (a few times, actually). I don't know why. + +I'm 40, and I'm wondering how likely it is that I could get accepted into a PhD program. + +My profile is as follows: I am an attorney, but I did very poorly in law school (Tulane). I was too young and irresponsible to live in New Orleans and focus on school. I eventually found my way into securities litigation, where many of our cases dealt with the fallout of 2008. Out of curiosity, I started taking econ classes at Hunter five years ago. I'm now in the econ BA/MA program, where I'm finished with the BA and am halfway through the MA (I still work full time). I have a 3.82 in econ courses and a 3.63 overall. I got a 167V 162Q 4.0 on the GRE. I had time management issues on the quant, so I believe I can raise that score significantly. I'd need to go to a school in the NY area (I'm married), but I don't need a full scholarship. Part-time is fine, maybe preferable. + +Over at econjobrumors, the most constructive comment I got (among comments like "GTFO" and "40yo undergrad lmfao") was "someone might." I'd love it if someone here has something more constructive to say, even if it's criticism. I understand that my question is probably pretty naive. Thanks. +  + + + +HECS/HELP loans have 0% interest but it’s pegged to inflation (CPI). Theoretically, the debt value only goes up to reflect changes in the cost of living. But is that really the case? Are wages keeping up with inflation? If not, doesn’t that mean your debt is effectively increasing not just nominally but also in real terms every year? + +From a recent article in The Sydney Morning Herald: + +“Even before the pandemic recession, wage growth had been stagnant and barely keeping up with inflation. \[…\] Even under the most optimistic forecast, of 2.1 per cent wages growth… wage rises would still fail to outpace the panel’s inflation expectations.” + +[https://www.smh.com.au/politics/federal/wages-to-fall-in-real-terms-despite-sharp-recovery-from-recession-survey-20210226-p5766t.html](https://www.smh.com.au/politics/federal/wages-to-fall-in-real-terms-despite-sharp-recovery-from-recession-survey-20210226-p5766t.html) +Hi everyone, + +I have been lucky enough to have recently gotten a lot of money through a startup that went public. This afforded me a decent payday and I'm now worth about $21-22M at 34 years of age. I'm planning on staying with the company for another couple years, the RSUs I will be vesting during that time should get me to around $30M net worth within the next two years. After that, I'm not sure what I'll do (I'll probably never fully retire, but actually work on what I find valuable and fulfilling, so might have to tap into my investments to maintain standard of living). + +I don't have a wealth manager so instead I'd like to run my current plan by you :-) + +I'm mostly invested in index funds (primarily VTI) and plan to continue liquidating RSUs and reinvest in broad market. I am holding \~4M in company stock that I am comfortable holding for a longer time period. I just bought a $3.1M house (with a $1.5M mortgage at <2% interest), by far my biggest expense (but seemed worth it for the upgrade in quality of life). I have an umbrella policy for up to $5M. I don't have a trust yet, but that's on my todo list. Probably getting married soon and hopefully kids to follow after that. + +Is there anything else I should be doing/am missing? I'm comfortable with my investments (HODL), but I'm not sure whether I'm missing anything else from a wealth management perspective. I was connected to some wealth managers but they all charge a ridiculous fee and I'd rather manage investments myself. + +Thanks for your input! + +EDIT: Thanks for all the responses! I can't reply to all, but created a comment on my own thread that goes into a bit more detail about my experience at the startup, since that was a common question. I can't pin that comment, so just a heads-up in case you're interested. +My daughter is starting at State U. in the fall. When she was applying, I tried to figure out if we needed to fill out the FAFSA, and I couldn't find a definitive answer (I even checked this sub). Our household income is too high to qualify for any financial aid. In addition, I have some tuition benefits through my job, and she received a large merit scholarship, basically making it a free ride. So I ignored all of the reminders and warnings about FAFSA deadlines, etc. And honestly I felt like my income and assets were none of their business. + +Well lo and behold, her course registration is now on hold because of a missing FAFSA. I chatted with the financial aid office yesterday, and they explained why they need the FAFSA: + +1. For evidence of in-state residency. Her scholarship comes from state sources and covers in-state tuition only. +2. For evidence that we're legal US residents, etc. + +I was still able to fill it out and submit it yesterday, and supposedly it will only take a few days to process. So we should be OK. But I'm posting this as a heads-up to anyone else who might be in the same boat. Your mileage may vary (especially at private schools). +https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html + +> El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender, alongside the U.S. dollar. + +> In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest bitcoin event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology. + +> Strike founder and CEO Jack Mallers said this will go down as the “shot heard ’round the world for bitcoin.” +I make $47k a year at my job as an office assistant. + +At the advice of my friends, I took most of my savings and bought 8 bitcoins back in early 2017 for about $7200. You can imagine how I felt when it went up. Around December 2017, I got caught up in the altcoins frenzy and sold most of my bitcoins (about $120k worth) to buy a bunch of different coins. I didn't know this back then but it looks like I owe income taxes on those trades, which adds up to about $50k if I add up state (California) and federal. But with the crash that happened recently, I added up my altcoins and I only have like $30k worth. I only have about $5k in other savings. + +How do I pay this? Do I have to sell my altcoins, and give them what I can? Or is there some workaround? + +Is all my savings gone now? I feel like I might have accidentally ruined my life because I didn't know about the taxes... + + +I have built a dashboard in google sheets which looks at the performance of various stockmarkets, bond ETFs, commodity ETFs and factor ETFs. The google sheet can vary the timeframe being analysed and it can set overbought criteria with reference to a moving average (for example a market which is 20% above its 50 day moving average could experience short-term mean reversion). The aim is to scan for the best performing markets to help with more profitable trades. + +[https://docs.google.com/spreadsheets/d/17n3zjY3azzYhb6zN61LMdudpqCqLRJXQ\_8P9jeGtjSE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/17n3zjY3azzYhb6zN61LMdudpqCqLRJXQ_8P9jeGtjSE/edit?usp=sharing) +hello, this account was set up for just this question. + +I’m 45 years old. I work as an attorney. I chose this profession so I could work as long as possible and never intend to retire. I have about $250,000 in student loan debt. I have $10,000.00 to my name and no retirement accounts. + +My mom just passed away. I’m going to inherit about $200,000.00. + +My intention is to put the money into an ETF like SPY and stay away for 20 years; and go on living my life as usual. + +Thoughts? +And this sub is turning into a cult. + +Say anything remotely negative about ETH, or positive about BTC, and you get downvoted into oblivion. I got downvoted for saying to take some profits at 700. I got downvoted for saying BTC might be breaking out soon. + +I'm all for Ethereum - I do believe it is the future, web 3.0. However, be reasonable and think for yourselves for once. It's okay to have different opinions. Save downvotes for complete garbage and spam. Give different opinions a chance to see daylight so that we might gain valuable insights and ground ourselves. + +**Down voting everything you remotely disagree with is how we end up in a mindset bubble and become ignorant.** + +This also extends to cryptocurrency space in general. [Look at all the hate Vitalik gets for voicing a contrarian view.](https://twitter.com/VitalikButerin/status/940744724431982594) +Whats the point of good corporate governance and fiscal responsibility? The companies that leveraged themselves to the moon, did stock buybacks to hyper-inflate their stock price, live on constant debt instead of good balance sheets are now being bailed out by unlimited QE. Free money to cover your mistakes. Why would anyone run a good business ever again? Just cheat and scheme and get bailed out later. + +Edit: I am truly honored to be the number 1 post on WSB. To get validation from you autists and retards, the greatest American generation, is the peak moment of my life. Thank you all. + +Edit 2: Many of you are saying this post is socialist. It is anti-capitalist. It is anti-wall street. It is none of that. My post is in fact about fixing capitalism so it is done the right way. Don't reward companies that are managed poorly and don't invest their profits wisely. Capitalism is about survival of the fittest and rewarding the winners not the schemers and cheaters. I'd rather have a profitable company that pays its workers livable wages, doesn't use sweat shop labor, doesn't pollute our environment, gives good quality healthcare, paid family leave, sick leave, maternity/paternity leave, reinvests in improving infrastructure, keeps low debt to equity, and has a 12 month emergency fund for a black swan event. Not companies that give all the money to the CEO and Board and nothing to the workers, do stock buy-backs with profits instead of improving infrastructure or saving for emergency funds. Let the greedy poorly run companies fail so we can invest only in good quality companies that treat their workers well. We will all make tons of profits in the market with well run companies and main street America will also be able to live a decent quality life. + +Edit 3: I am not a salty bear. In fact I want the market to do well. But this is not the way. Bailing out weak companies that didn't save for a black swan event because of CEO greed is just making this bubble bigger and bigger and it will only pop worse later on. JPow will ruin our market and the economy with this fake bubble with his printer. Let the market be free so we can shed weak companies and true capitalism can see a rise of the strong companies and the market can moon again. + +JPow and his printer are really helping the Wall street elite. Jpow doesn't care about you. Now the tax payers are bailing out shadow banking. Junk bonds are risky loans that private equity, hedge funds, and other shadow banking institutions give out to desperate companies that can't get loans from regular banks anymore. That's why junk bonds are shadow banking instead of traditional banking. JPow is using his unlimited printer to BAILOUT and give free money to the shadiest and greediest characters of wall street and society in general - private equity, hedge fund managers, shady billionaires. + +PE, hedgies, shady billionaires were screwed because the economy just halted and companies were going to default on these risky loans since they had no revenue coming in. This is who JPow is helping. He just bailed them all out by buying these risky junk bonds on the back of the American tax payer. You may become homeless and starve, but private equity, hedge fund managers, and shady billionaires will be made whole by the fed. + +Currently 8 months into a 24 month grad program with a large Australian company however the program is just exploitive of grads and I have come to learn that I have no interest in the industry as well. I partially rushed into accepting the program as it was the only grad offer I had received. +Would it reflect badly on myself and my resume if I were to quit? I have a business degree and currently searching for other opportunities that interest me +Hey guys, without disclosing too much information both my parents have passed away within the last two years. I'm currently a 20 year old studying finance at my state university. With my mother now gone I am the only person left in my family. I grew up pretty middle class but between life insurance and trustfunds set up after my father passing away I have approximately $1.5m in assets on hand. My trustfund is segmented into 3 payments one of which I just got, one for after I earn an MBA and one when I'm 30 totaling to $3.7m. Truthfully I am extremely overwhelmed with everything going on and the money is the last thing I'm concerned about. I have extremely bad depression from my father passing away and have struggled with suicidal thoughts for years now. I'm very worried I will have to take time away from school because I'm mentally in such a bad place. Between losing my entire family, having to deal with estate bullsh\*t, and school I feel so overwhelmed with everything on my plate. I would like to get a financial advisor but really haven't started looking into what that entails. At the moment I have 2 properties but have absolutely no idea where to start, how to find new tenants since one is leaving, or whether I should just sell them both. Any advice is appreciated. + +&#x200B; + +Edit: Breakdown of the $1.5 + +\~$900k in stocks, bonds, retirement, roth ira, 401k, etc. + +\~$117k cash on hand + +\~$483k in commercial real estate I hold the property titles for +Hi everyone! +I will explain reasons how and why I chose my investment strategy, and I really want to hear your opinion on rather I should stick to it or make some changes. + +I decided to put 85-90% of my portfolio in 5 main ARK ETF's (ARKK,ARKW,ARKG,ARKF,ARKQ) +10-15% in other individual companies I believe. + + +**Reasons I decided to do so:** + +1. I believe ARK investment team, and think disruptive innovation will change our lives in the next 5-10 years. +2. I am young (21yo), and willing to take a higher risk, for potentially having a higher gain. +3. I am investing Long term, meaning I can wait 5-10-15 years without needing to take money from my brokerage account, and I do believe that fields that ARK invests in (Autonomous Technology and Robotics, Next Generation Internet, Genomic Revolution, Fintech Innovation) will be huge in the future. + +I think a lot of people would recommend me to have bigger part of my portfolio in other stocks or ETFs, to diversify it better. - But I think that 1)ARK ETF's are diversified well enough 2)As I mentioned I am willing to take higher risk for higher gains 3) Believing in ARK team, means I also believe that traditional benchmark ETFs may have a lot of value traps, as Cathie calls them. + +**I really want to her your opinion on my strategy but please:** +1)Make it constructive ( Don't just write its Bad or good) + +2) Only comment if you know what ARK does + +Thank you very much in advance, I am very grateful to be a part of a community that helps each other to become better! I will be giving you all my free awards for the next week for helpful info)) + +**This is not advertisement for ARK!) I do not recommend you to invest your money where I put It without doing your research.** + + +I am trying to get my head around how ETF's are priced and im not entirely sure about this one aspect. An ETF tracks the price of an underlying basket of assets and moves in price when they move in price. I understand that the ETF gains its liquidity from the underlyings as well as the ETF itself being traded on an exchange, but its price isnt impacted by it's supply and demand right? + +it makes sense to me that when the ETF begins increasing in price, Authorized participants trade in their basket of underlying assets for the ETF and then they would just sell their ETF on the open market so its an arbitrage opportunity , surely this cant occur. + +I believe that through Creation and redemption, Market makers and AP'S ensure that the price remains at a fair value compared to the underlyings. So if the ETF is trading higher than the underlying price, I believe that an AP can buy the underlyings on the open market and then exchange it directly through the ETF provider for the ETF to then sell for risk free money, this naturally drives the price of ETF's down and the inverse happens to increase them. + +Is this the rough outline? +&#x200B; + +[Banner submission by u\/NitroDildo](https://preview.redd.it/b8veyvpdblv61.png?width=4000&format=png&auto=webp&s=8a53cf543bedde9e0c88c57feed158723d55275e) + +# Good Morning Superstonk! + +\*Passes out green crayons to the class\* + +How about them after hours?! + +&#x200B; + +[Big fat green crayon in AH](https://preview.redd.it/ksrphy0y9pv61.jpg?width=960&format=pjpg&auto=webp&s=a506e249caefdc2d9011854a49f83449ef48e43d) + +Before we hand the banana over to Brick Tamland for today's top story, I want to make sure everyone has seen [u/atobitt's AMA update](https://www.reddit.com/r/Superstonk/comments/mz37ds/dr_trimbath_ama_questions/?utm_source=share&utm_medium=web2x&context=3). **The official AMA question thread** [is now live!!](https://www.reddit.com/r/Superstonk/comments/mzknu6/official_ama_dr_susanne_trimbath_phd_thursday/?utm_source=share&utm_medium=web2x&context=3)**.** + +u/atobitt has been an absolute champ and in addition to modding, finishing up HOC II, and just living life with a big ol' wrinkly brain, he has also been cramming Dr. Trimbath's Books to prepare for our [Superstonk Live YouTube Livestream](https://youtu.be/9rKS92zwh_o). Do you see how dedicated this guy is? I'm so proud we have people of this caliber serving this community on the mod team!! 💪🧠🦍 + +And speaking of Dr. Trimbath's book Naked Short & Greedy, I want to add links and clarify some information. + +[IPG](https://www.ipgbook.com/naked--short-and-greedy-products-9781910151341.php?page_id=21) is the North American Distributor + +[Spiramus](https://spiramus.com/naked-short-and-greedy) is the Independent Publisher (Which also has a chapter by chapter summary) + +&#x200B; + +[She is lurking 👀](https://preview.redd.it/ur5g2fqlbmv61.jpg?width=1079&format=pjpg&auto=webp&s=dc4a20bccc42895475a4c313aebc8e71095874a0) + +Please keep in mind as you peruse the sub, this week and always, that we are garnering some *highly esteemed* attention. And we deserve it!!! But we need to behave as the good apes do when Jane Goodall comes to teach. Don't you want to evolve to learn how to make crayon? Let's keep being excellent, reading, discussing ideas civilly, and evolving. Dr. T is watching. + +&#x200B; + +[Dr. T when she reads our sub](https://preview.redd.it/xkj494mgumv61.jpg?width=539&format=pjpg&auto=webp&s=2634aaa650b2e2743cf74143c534ca5851a4ca23) + +So with that, here's u/Bye_Triangle with today's top story. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Top Story- Gamestop Completes At The Market Equity Offering + +Yesterday was very exciting for everyone, that price increase was the perfect morale booster. Also a nice appetizer for what is likely to come next. Besides the pleasing price-action, something big was officially announced yesterday: + +Not only is GameStop now free from long term debt, but they have completed their aforementioned At The Market Equity Offering Program. + +&#x200B; + +" Why is that a good thing? Sounds like they just sold a bunch of shares? " - My wife's boyfriend + +Very astute of you to point out, well done. + +&#x200B; + +Well, this is a good thing for a bunch of reasons! First off, the capital raised from their ATM offering didn't go to paying off their debts, that was done with capital the company already had. GameStop sold their 3.5mil shares at an average price of $157 which means they raised a WHOPPING... $551,000,000.00 , All of which can go to funding all of the plans that Ryan Cohen and Co. have in store. Furthermore, the remaining debt that the company had, coupled with the concern over raising enough capital to actually pivot, were both key pieces of the remaining Bear-Thesis' for GME. With that out the window, there isn't any evidence that GameStop is bound for failure. + +&#x200B; + +So let's quickly review: + +\[✔\] Debt Free + +\[✔ \] Name recognition + +\[✔\] Amazing, Competent Leadership team + +\[✔\] Clear path forward + +\[✔\] Funding for transformation + +\[ \] CEO + CFO + +\[ \] Predatory Short Sellers in jail + +&#x200B; + +GameStop is looking so hot right now 👀 Looks like just a few more matters to handle. + +Though, with the debt crushed, the capital raised, and the newly selected (and highly talented) board on its way... I personally find it harder and harder to find the risk here. Just as our boy Cat Not-a-cat u/DeepFuckingValue saw, many, many moons ago, there is a lot of value in GameStop. + +Back to you, u/pinkcatsonacid + +[Papa Cohen is debt free and swimmin in tendies](https://preview.redd.it/6c0qtvxiqmv61.jpg?width=1500&format=pjpg&auto=webp&s=ee31696febeb078de715f769c1ff0b80e22cf5aa) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DTCC Liquidity test and the new SEC Filing + +So the DTCC performed a liquidity test yesterday, and they also decided the minimum fund deposit requirement needed to be lifted from $10,000 to $250,000. What does that mean? (Edit: Earlier version implied a direct connection between the 2. [These comments](https://www.reddit.com/r/Superstonk/comments/mzl0dq/superstonk_daily_04272021/gw1c4jj?utm_source=share&utm_medium=web2x&context=3) help explain the procedure in more detail.) + +This is an annual test (simulation), as outlined [here](https://www.dtcc.com/~/media/Files/Downloads/Clearing-Services/FICC/CCLF-Annual-Test-Reference-Doc.pdf). Basically it's a simulation of what happens to NSCC members if SHTF. + +Searching the DTCCs [Important Notices](https://www.dtcc.com/legal/important-notices?q=Capped+Contingency+Liquidity+Facility+Test&pgs=1), we can find out the following information on when they are usually held. Feel free to speculate in regards to the revert of dates back to April from August. + +Year Date + +2021 April 26th + +2020 August 31st + +2019 August 26th + +2018 April 23rd + +2017 April 24th + +There are two parts to the test, part 1 dates are above, where all members from the Government Securities Division (think treasury securities) and Mortgage-Backed Securities Division’s (think 2008) need to partake. + +The simulation of a member defaulting is performed in a non production environment (It won't affect any thing in the real world). + +Well the sim seems to me to have failed yesterday (LOL) and what do you know? We also got some shiny new [SEC Filings](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-005.pdf). + +Basically, hedgies have to keep more money in the bank to keep playing their games. And that money is up for grabs if they step out of line. (Plus a whole lot more). + +&#x200B; + +[All those minimum deposit requirements](https://preview.redd.it/xfv7a05v8nv61.jpg?width=726&format=pjpg&auto=webp&s=a5b9e1c8ef864ab9da9029f6142e875dd3ff57bb) + +# Automod Posting and Commenting Requirements + +Ok listen, it's hard to steer a tight ship while also allowing you drunk ass sailors to run freely around the place, so we have had to come to some pretty strict requirements, at least until after MOASS. I've seen a lot of mod-mail about this, so let's break it down. + +## Automod is currently set to do the following: + +* remove **comments** by accounts less than **30 days old** or with less than **250 karma** +* remove **posts** by accounts less than **60 days old** or with less than **500 karma** +* remove posts and comments that violate our banned word list (the message you receive will have the word detailed) +* some words are merely reported to mods since they are not always removable offensives (you won't notice this) +* remove text posts if they don't have a minimum of 250 characters (about one paragraph) +* change flair of "DD" or "Possible DD" posts to "Discussion" flair if they don't have a minimum of 2000 characters (about 8 paragraphs) +* remove comments if they are longer than 1500 characters (about six paragraphs) +* remove posts and comments that utilize cryptocurrency discussion unrelated to $GME - there are other subs for that and this removal stops a lot of spam + +[Don't have enough karma?](https://zapier.com/blog/how-to-get-karma-on-reddit/) Get out there and get to socializing a bit! 🦋 + +&#x200B; + +[No speaky](https://preview.redd.it/crns4cgy1nv61.jpg?width=640&format=pjpg&auto=webp&s=45e94e8c6f24f3eb4550184dc74cdf7b557cf5b0) + +We realize these rules kinda suck for some apes. That's why I'm providing the resources here to help you interact with the sub. But have you noticed how relatively quiet and peaceful it's been? That's because mods are working around the clock through some [crazy stuff](https://twitter.com/RedChessQueen99/status/1386463002363404290) behind the scenes to keep it clean. + +Pink Cats don't do drama and I don't think we need to go into detail here of why certain conversations have been limited or banned. Everyone is requested to bring receipts if you're going to make claims in your post. Just like I did in my post [Blowing my Diamond Whistle.](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/?utm_source=share&utm_medium=web2x&context=3) We want to run a respectable sub with trustworthy resources for all apes. + +&#x200B; + +**We operate primarily through modmail, so if you see something sus, say something.** + +&#x200B; + +As I said yesterday, I am reading through your comments, taking notes, and we are adapting to build a Superstonk platform that is **NON MONETIZED** and **RESEARCH DRIVEN.** I love this community and the only motivation I have is GME tendies and to see happy apes growing a wrinkle or 2. Also, THANK YOU SO MUCH for all the love yesterday. All the mods were overwhelmed with the love and support for the new daily format! + +&#x200B; + +This place is a gem. It's no wonder they try so hard to tear it down. 💎💎💎💎 + +&#x200B; + +https://preview.redd.it/km3w56dq4nv61.png?width=554&format=png&auto=webp&s=55b556e32fd6fa8eb96478021a5a8196b7b27d06 + +**Be excellent to each other!!!** + +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! + +&#x200B; + +[HODL](https://preview.redd.it/i1fn7ie26nv61.jpg?width=650&format=pjpg&auto=webp&s=77699b152a2e2aa13afa399ea8bee23474d37260) + +&#x200B; + +**Links you should read if you have time:** + +[**https://www.reddit.com/r/Superstonk/comments/mz7c7h/put\_anomalies\_pt1\_were\_127\_million\_synthetic/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/?utm_source=share&utm_medium=web2x&context=3) + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +**Edits** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ +Cleaning house because I'm bored due to obvious reasons. I’ve been seeing lots of questions about people wanting to learn trading. Have received an influx of messages asking how to get started/go full time. + +I’ve been asked what strategy/books/courses/indicators etc. there is that are good. I’ve read over 50+ books (ebooks and hard cover) on day trading: + +[Every book I've read to learn day trading and everything that relates to starting\/running a business. My business's operating agreement\/The business plan](https://preview.redd.it/eii7386ro9r41.jpg?width=1080&amp;format=pjpg&amp;auto=webp&amp;s=c4ed46ae135601e67ced1279f7a66cfcb8281280) + +•**#1:** 90% of books are fluff. Of all of these. Only about 10% of it were great pieces of info. + +(I have a decent amount followers on here. And I might consider posting reviews of every book I’ve read on my personal profile to refrain from spamming this sub) + +I have my recommendations. I'm not saying don't buy them. You'll pick up what you see and it'll formulate a strategy. + +•**#2:** I don’t use indicators. They lag. Ever since I dropped them, my trading became less stressful and way easier to manage. Price does 2 things. Up or down. You don’t need 5 indicators telling you what direction it’s indicating. It’s called Pattern Day Trading. Not Indicator Day Trading. Not News Day Trading. Trade the candles. If indicators work for you. Keep on running them! + +•**#3:** The overall market condition (Bull/Bear/Stagnant) has no effect to a day trader’s equity curve. We trade patterns. We don’t hold overnight. We became day traders because we can take advantage of either direction especially in the immediate. I know my pattern works 47% of the time with 3:1 pay out. (I lose $100 or I profit $300. No more, no less; every single time) + +Of 100 trades. 47 trades I profit. 53 trades I lose. + +I risk $100 per trade. Why do I choose 3:1? I’d win more trades if I was 2:1. Why not 4:1? Because my pattern pays the most with 3:1. I found this by computerized backtesting and manual backtesting. Can you mentally handle being up 2.75:1 then watching it hit back to your StopLoss? ***Trust your edge/statistic. And document your work relentlessly!*** + +•**#4:** You need to write a business plan. + +Not some 2 page Word document of. “I will buy when this indicator says this. This has worked in my backtesting 60% of the time. Here's some screenshots" + +Look up how to write a pitch deck/prospectus/business plan to get a better idea. Learn statistics, that's really the business you're in here. Trading is just the medium. You're managing a statistic. Your job is to find the edge and enter it without hesitation or reservation. + +**Find characteristics of stocks that behave in a similar fashion to make your job easier.** + +**•#5:** This is the most BORING job you will ever have! + +I trade 3 patterns. I have to wait for a lot of prerequisites to be met before I even consider looking at a chart. Out of 7,500 stocks. My strategy has my watch list distilled to 3-5 stocks every morning. And I wait. And watch. Waiting for a pattern. And so many times, 1 out of my 3 patterns is about to form... and the candle printing will pullback too much. Or print with more volume than the previous. Making the trade VOID per my business plan. + +There are days I don’t trade. (1 or 2 times a month this happens). A business plan helped me not care I don’t trade those days, it accounts for that, or if a price kept rising or falling after I sold or covered. Or if my stop loss was hit by 2¢. **3:1 every trade, no questions asked.** **Trust your edge** + +**BONUS**: + +I highly suggest doing this part time for at least a year. Want to go full time? + +Think of the expenses. + +If you trade equities. 25k minimum. (You want minimum 30k due to draw-downs). A lightning fast computer. Lots of RAM. A decent CPU. I have 64GB of RAM and an i9 9900k CPU. No you don't need a bunch of monitors, I wanted a sick office though! + +Don’t forget: + +•Mortgage/rent + +•Car note ( I sold 2 of my pride and joys. I owned both but liquidated them to get into this business ) + +•Groceries + +•Car insurance + +•Health insurance + +•Dental insurance + +•Taxes on the house + +•Wi-Fi (Add cable if you want) + +•Use a scanner? Add that + +•Hobbies. Find cheap ones. I hit up the golf range, shoot trap, and lift weights. You'll be bored when you're done trading at 10AM with 10 hours left in the day. + +Get a part time job or have a side business that has NOTHING to do with trading for your sanity's sake. + +Move in with a friend to split rent if you’re single and young, go back home and live with your parents if you can handle that. The learning curve is brutal and you must be patient. Shrink your liabilities and expenses. You will pay homage to get into this business 1 way or another unless you’re just given a lot of money. + +Trading is easy. It's the mentality required that separates the 95% from the 5% successful. + +Trading has been a wild experience. I've met people at the gym who are well off and I've shared my account statements/business plan with. Resulting in me studying and about to get my Series 65 to become licensed to manage a small portion of their wealth in a garage band long short equities firm ran out of a home office. Oh and that reminds me. Don't buy guru courses that sell some crazy lifestyle on YouTube ads with rented private jet photoshoots, rented Lambos and AirBNB houses they rent for the day. If they were so great at trading. They'd start their own funds! + +**So I definitely got my money’s worth on this post! Due to quarantine shutting everything down I was definitely not bored today to say the least. I didn’t expect the post to blow up but I’m glad many found it informative and enjoyable. Currently lost in the comments so if I miss your comment, send me a chat and I’ll get with you when I can!** +Li Lu is the founder and CEO of Himalaya Capital Management, a value-oriented hedge fund that has returned 20% since its founding in 1998. He manages much of the fortune of Charlie Munger, of whom he is protégé. Munger himself called him "the Chinese Warren Bufett". At one point he was rumored to be the leading candidate to run Berkshire Hathaway when Buffett and Munger left. + +Here are all the books he recommends, from value investing to philosophy and history: + +[https://uploads-ssl.webflow.com/5ef3c7300432b40ed865991a/5f08fb64066bae2514ad82da\_Li%20Lu%20Recommended%20Book%20List.pdf](https://uploads-ssl.webflow.com/5ef3c7300432b40ed865991a/5f08fb64066bae2514ad82da_Li%20Lu%20Recommended%20Book%20List.pdf) +I think we all have done (or not done) things that in retrospect look really dumb and significantly altered our financial trajectory. Every situation and life story is different, but I’m looking to see if there are some aspects/choices/areas that stand out that might not be as obvious for someone just getting started on the path. + +If you could have changed anything about your past, so that fatFIRE would have been a reality sooner, what would it be? +If you check "allow substitutes" you can get free upgrades. I just got two packages of oreos for 80 cents each because they were out of the generic cookies. +So, like most everybody else here, we are poor in basically every common meaning of the word. It's ok, we have love and close relationships with our kids so we are generally happy. This past june my daughter save her salary from her part time job for months to buy my wife something really nice for her birthday. My daughter went out and bought my wife an expensive Michael Kors purse and wallet because: "She always sacrificed for us to have what we needed, often going without for herself or giving up things she already had." in my daughters own words. My wife cried when opening the gift and cherishes that purse and what it meant to her from her daughter. + +So, yesterday while grocery shopping the lady behind her spotted the ebt card and the purse it just came out of. She made a big scene and tried to take my wife's purse because "poor people don't deserve expensive purses." This failed spectacularly because my wife will always buckle her purse to the cart to prevent theft. When the buckle was pulled tight the momentum the lady had started made her sprawl out on the floor. So she just sat there shaming my wife before getting up and leaving. Security was slow to respond and did basically nothing because no theft had actually occurred. + +So now, my wife is ashamed to enjoy this gift from her daughter and wants to get rid of it. It would be safe to say I'm more than a little bit pissed that a stranger took away one of the few things my wife has had that was just for her. + +**TLDR:** A stranger misjudged our situation and proceeded to shame and attempt steal my wifes things because "poor people don't deserve nice things." +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! + +So my ~~colleague~~ wifes boyfriend, who has no reddit account and wishes to have no association with you autists, has been doing some maths (or "math" for you americans, or "fun hobby time" for our chinese autists) in an attempt to back solve Short interest, using short volume & trading volume. The base idea behind his findings was that any short volume over 50% cannot be 100% covered that day... so he just thought - how much can these short boys actually cover, if all shorts opened were intended to be covered... + +Here's what he's worked out spoiler alert:>!shorts r more fuk than bears!< + +"So, I have been freaking the fuck out about this. I am of the belief that at one point, FINRA said the truth about SI%... Being 226% on the 15th of january. I had thought it was impossible to figure out what it was now, but then I started digging into the Short Volume. + +At first, I had thought that it would be interesting if we could see how much they could have covered if 100% of long volume transfers went to covering shorts (Short Overflow)... + +So then, I got a thought... let me manually import the short volume data since the 15th and see where this could go. + +So from the FINRA report I got: + +* Short Volume +* Short Exempt Volume +* Exchanged Volume (Long Volume + Short Volume) + +&#x200B; + +https://preview.redd.it/qvqwl2rw31m61.png?width=1158&format=png&auto=webp&s=7fb1fbc9c5fbb7971d179d9f982ad75d54287d63 + +From Yahoo Historical Data I got: + +* Total Trade Volume +* Day's Closing +* Day's low + +Then I calculated this: Total Short Volume (SV + SEV) + +* Long Volume (ExV - SV) +* SV% (TSV / EV) +* Off Exchange Volume (TV - EV) +* Short Overflow (TSV - LV) + +I realized that this all cost them a fuck ton. + +So I said: If they covered through calls, then they as an extreme minimum paid 40$/share for them AND only would do so when GME was on the way up as it would be a waste of money otherwise. Thus I made MinimalCost of OFF-Exchange as (OEV \* $40). + +If they covered through Long Volume on market, then we'd be able to estimate that CONSERVATIVELY by comparing the days low to the Daily long volume (Day's Low \* LV). + +Then came to the conclusion of the data: + +I wrote down the FINVIZ float, the SI% from FINRA, and derived the Short Volume at the time. THEN, I made 3 tables: + +* Table 1: Shows how many Shorts are there at different intervals of covering on Off-market and On-market. +* Table 2: Shows the cost of doing those coverings. +* Table 3: Shows the new SI%. + +&#x200B; + +https://preview.redd.it/d05jq0jx31m61.png?width=1806&format=png&auto=webp&s=8b1309f6e677e016ba1dbc04208dc8eb0b4ed665 + +IN CONCLUSION: Using My data, I was able to derive that the **535.9% SI%** being passed around would cost Short Sellers 25 BILLION DOLLARS theoretically. + +The **Maximum SI% can be rn is 942.06%.** + +It is **litterally impossible for it to be under 200% rn** as it would be too costly. + +I believe that SI% is over 600%, as I believe that certain companies ran while they could, spending 10 billion dollars AT MOST between them all for covering. + +&#x200B; + +https://preview.redd.it/zyzechcy31m61.png?width=1275&format=png&auto=webp&s=e79ea03302ad64646162736f3f9a39843cc484fe + +Because you cannot justify over 20% of long volume transfers being covering, its mostly algos and day traders as for calls, I just dont see that going over 30% as its abundantly clear calls are being used against them, not for them. and even that is pushing it. + +My point for my want is this: I**t is impossible that SI% is not more than 226%** as was said on the 15th as the costs would be to great and the data is just not there to support it but instead I came to the conclusion that we are way fucking past that for simmilar reasons + +&#x200B; + +https://preview.redd.it/bfuqksue31m61.png?width=1448&format=png&auto=webp&s=3db05997bf1b3d2c6b909b8994888cab21464829 + +NOTE: NONE OF THIS EVEN TAKES INTEREST INTO ACCOUNT FOR THEIR COSTS, IT IS ALL JUST THEORETICAL COVERING COSTS ALONE. THE DATA DOES NOT SUPPORT THEM HAVING COVERED MUCH AT ALL, YOU TAKE FROM THIS WHAT YOU WILL. I AM NOT A FINANCIAL ADVISOR DONT COME BITCHING." + +Thank you for coming to his TED talk. + +**TL:DR SHORTS CAN'T STOP WONT STOP SHORTING. WE GOING TO THE EDGE OF THE UNIVERSE 🚀** + +**TL:DR OF THE TL:DR: shorts r kill gme is moon** +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! + +TL;DR at the bottom + +Hi guys, with the market rallying 20% from its "bottom", many people are expressing the sentiment that we should buy back into the market again because the "fed" or the "government" won't allow stocks to crash. + +We will for sure see unprecedented actions taken by the fed and the government because they have both the motive and the political capital to enact such policies. However, I think this is a misguided reason to believe the market is currently making its "real" rally. + +I am not not a permabear nor am I a permabull. I just try to objectively analyze the facts, apply a healthy dose of margin of safety, and then see if my conclusions are actionable. + +For example, I posted my thesis on why we will enter a serious global economic downturn on Feb 9th 10 days before it happened. At the time we were at the height of the biggest bull market in our history, and I had gotten a lot of attacks on my thesis leading up to me consolidating my thoughts: + +https://www.reddit.com/r/China_Flu/comments/f1fm6y/the_world_economy_will_enter_a_serious_downturn/ + +I continued adding more thoughts on things like the potential efficacy of Chloroquine 2 weeks before Trump announced it in a press conference and the media picked up on it, the potential collapse of American oil producers before the price war happened, casinos going under, helicopter money, bailouts, etc all before they were announced or the markets priced them in here: + +https://www.reddit.com/r/China_Flu/comments/fede69/continued_thoughts_on_the_global_economic_impact/ + +And finally I talked about an upcoming inflection point coincidentally moments before Trump first announced Chloroquine/Hydroxychloroquine and 2 trading days before the "bottom" of the market: + +https://www.reddit.com/r/stocks/comments/fleh7e/incoming_inflection_point_for_general_market/ + +So I'm perfectly happy to make bearish calls or bullish calls, they are dependent variables of independent and unbiased analysis. I hope I made a reasonable case for why I am not personally biased (although, for the sake of humanity, I do wish for progress and prosperity of course). + +I think the market rally is largely a mirage, and we are not getting correct pricings. The rally is probably driven by two main sources: + +- Capital displacement from monetary action + +- Incorrect earnings modeling based on improper historic precedent. + +So the capital displacement is relatively simple: If you're seeking shelter in "risk free" investments that has some yields, you're now competing with a buyer (federal reserve) that prints hundreds of billions up to whatever it wants. They're literally squeezing out capital from the finite treasuries. + +If you want riskier high quality corporate bonds, the fed will be there. + +If you want even equities, you're going to face competition for them in the future. At least that's what former chairwoman Jenet Yellen recently said about the possibility of expanding their powers to buy equities. + +So money is getting squeezed into a smaller and smaller relative portion of the financial markets, and the artificial demand is driving yields down and prices up. I could write a whole thread about this, but let's stick with the explanation of price movement. + +The second main reason for the recent rally is from institutional investors who are incorrectly modeling earnings/yield of equities. So the logic here is: trillions are injected into the economy (fiscal injections), those trillions will become earnings for companies at some multiplier of the original stimulus over x amount of time, and if we add this number to the unstimulated estimated earnings, we can model future earnings. + +My issue with this model, is on two main assumptions: + +The first assumption is the length of disruption caused by the threat of this virus. + +This virus is not going to stop its serious disruption of behavior from economic actors. Especially not in a country like the US where the majority of people have a massive financial disincentive to seek out healthcare. Here's my logic: + +For months I've been praising the governments and response of South Korea, Singapore, and Taiwan. With Taiwan being the absolute best at handling the virus. However, I have also been using them as my leading indicators for how the virus will progress and affect economic actors. What I have seen developing lately is not good. + +Singapore is now calling for a shutdown, after they initially did a herculean job of containing their outbreak. I had hoped that they would develop procedures (that we can copy) needed to run an open economy while the threat of the virus looms in the background. But that is not what has happened. Instead, we are seeing growing numbers of new clusters forming, and quickly getting out of control. They are tightening and shutting down their economy rather than opening up more. This is our leading indicator. A government far more responsible and effective than us is resorting to shutting down. + +Taiwan is faring better, but only because of their prohibitive ban on almost all foreign travelers (this is obviously devastating to their tourism sector and broader economy). Their economy and society remains open, with many if not most people having hardly any interruptions to their lives (aside from mask wearing). They are one of only 3 countries where all children are still going to school. However, even their economy is faltering as they try to balance the prohibitive actions needed to contain the virus and the economic need to keep things open. They are proposing an unprecedented stimulus/rescue package to bolster their economy. And I think it's a safe assumption that if they ever do open up to foreign travelers again, especially with covid19 having proliferated as it already has, then they will have to deal with massive outbreak clusters all over their island. + +South Korea, which has probably the relatable and relevant model for us to copy, has recently extended its social distance campaign. South Korea is a far larger nation than Singapore or Taiwan. They have a climate similar to Seattle/New York. They had a major outbreak in Deagu but didn't shut their country down. They never even banned Chinese travelers, yes, they had Chinese tourists in their country while the outbreak was happening. They were among the first to widely use Hydroxychloroquine/chloroquine as a treatment for Covid19. They had among the lowest fatality rates. They contained their outbreak without shutting the whole country down. + +Even South Korea can't truly return to normal and open their economy up. + +So why, in our incredible American exceptionalism hubris, and far less competent leaders, do we believe we're going to come anywhere close to normalcy in the near future? + +Let's look at the next assumption, that fiscal stimulus would end up as earnings for companies. There's no doubt some will end up as earnings, but only a small fraction of what is being modeled by those on Wall Street. + +The average American don't even have $1000 in emergency funds, do we expect them to return to their normal consumption habits when they risk having hospital bills multiples of $1000 just from walking past the wrong person? Do you think Americans, as much as they love to spend, aren't going to put some of that stimulus check in their emergency funds rather than contribute it to the earning of some companies? Sure, there will be some "forced" spending of the money (food and necessities), but if anyone is modeling the multiplier effect from previous data, then they really don't appreciate how different this virus makes things. Even in the GFC, laid off people didn't really worry about the heightened threat of being hospitalized. + +Finally, some investors believe the Fed and the government literally will do anything to keep the numbers up. If this is true, you should be buying silver (or gold), not stocks. + +Monetary actions can be reversed relatively easily. They are far more dynamic tools. Fiscal actions are not. You put money in the hands of spenders, that money is gonna circulate. And you really don't have an easy way of reversing that. If we think the government is going to keep handing out stimulus checks, grants to businesses, and other fiscal stimulus, then the inflation predicted from the GFC will come true for this crisis. + +The fall out of inflation will be difficult to truly understand. But I do think inflation will be disruptive enough to the economy that inflation hedge assets will outperform other assets at least in the short term. For example, if inflation goes to 5%, who's going to lend to companies for less than inflation? With costlier debt, equity yield goes down, and again, what investor wants yields less than inflation? Inflation is going to cause all kinds of disruptions. I think the disruptions will come down to less liquidity (credit will vanish with uncertain inflation) and higher economic friction (less efficiency). + +So if the response to why the market has to go up is continuous fiscal (and some monetary) actions to prop up spending and earnings, then the question is how will fiscal actions be reversed? How do we get that money out after things go back to "normal"? + +I think if we see equities rise from here, it'll be reflective of inflation rather than inflation-adjusted earnings. Silver would be the play here. + +I have a lot more thoughts on this, especially on the time it takes to turn the gears of the financial system and why the inertia is moving us deeper into global recession, not out of it, but I'm running out of time and must end here. + +**TL;DR this is a fake rally, and if anyone really expects prices to continue rallying, buy silver instead** +TITAN's crash was really absurd, I personally haven't seen anything this extreme yet. It crashed almost 100% in a few hours and now sits at 0.00000005% of its ATH. That's something. I've seen many people in the past two days ask stuff like: "sure, it won't recover from that. But what if I just invest like $10, if it goes back to even just one cent, a tiny fraction of the ATH, that would be a ton of money!" + +And yes, it absolutely would be! And that alone should be enough to tell you that it can't be this easy. The thing is: because of how that whole network works, a lot of TITAN was printed when it crashed. + +10 days ago, the circulating supply was 116 million. Now it's 34 **trillion**, or 34,000 billion, or 34,000,000 million. Yeah, that's a lot. So let's consider the market cap, which is: + +**Market Cap = Circulating Supply X Coin Price** + +A coin price of 1 cent would mean a market cap of 344 billion, putting it on the #2 spot, higher than ETH. At 2 cents it would get close to BTC, at 5 cents its market cap would be higher than all other crypto combined. + +On iron.finance, the creators of the coin state "WARNING: Please don't buy TITAN or IRON.". Listen to them. This coin doesn't have a chance to go up again and as always, coin price is a bad indicator, even if it used to be higher. +Please be safe out there everybody. It's fun and exciting and all but remember that there are also times when you can decide that what you have is enough and cash out. If you have millions going into a Yolo, maybe also make sure you keep a bit on the side. + +At the end of the day, just make sure you find your point where you stop because sometimes it's good to decide that what you have is enough instead of constantly chasing higher up the chain of health. You will always seem poor next to those you compare yourself to! + +Anyway happy trading, just please try not to risk your wellbeing. +Several economics-related subs are chock full of people opining on the current state of inflation and other areas of stress in the economy. Many people point the finger at "corporate greed" and the phrase that always follows close behind: "record profits". + +But nobody ever seems to define what "corporate greed" actually is, who exactly is responsible for it, or by what mechanisms it is perpetuated. Does corporate greed--as I am coming to suspect--live in the same universe as "animal spirits," "the ether," and "vibes"? Or worse, is it the kind of free-floating signifier that politicians can always pin on "them" so that it's easier to side with "us"? Or rather, is there an actual measurable and definable thing that we can point to as "corporate greed"? + +And if there is such a thing, what is the explanation for why it would suddenly have kicked in in a coordinated way at this particular moment, across the entire economy? +Several economics-related subs are chock full of people opining on the current state of inflation and other areas of stress in the economy. Many people point the finger at "corporate greed" and the phrase that always follows close behind: "record profits". + +But nobody ever seems to define what "corporate greed" actually is, who exactly is responsible for it, or by what mechanisms it is perpetuated. Does corporate greed--as I am coming to suspect--live in the same universe as "animal spirits," "the ether," and "vibes"? Or worse, is it the kind of free-floating signifier that politicians can always pin on "them" so that it's easier to side with "us"? Or rather, is there an actual measurable and definable thing that we can point to as "corporate greed"? + +And if there is such a thing, what is the explanation for why it would suddenly have kicked in in a coordinated way at this particular moment, across the entire economy? +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. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search 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! + +Hey everyone I built a free website to help retail investors invest like Warren Buffett: in great companies for a long time. It's called [Moat](https://themoatapp.com) and unlike a conventional trading app, on Moat, you won't see stock prices which makes you treat stocks like lottery tickets. Instead, you'll see the [Owner's earnings](https://stablebread.com/how-to-calculate-and-analyze-warren-buffetts-owners-earnings/) of the companies and shares you own. By focusing on earnings, **Moat helps you Own businesses, not trade stocks.** + +**What does Moat do?** + +Moat puts you in the position of a value investor and helps you own businesses, instead of stocks. + +Value investing at its core is really about **owning companies and the earnings they generate**. It's understandably difficult to feel like you own the company when you buy its shares. We're so detached from its day-to-day operations and we are always looking at its stock price which is why we often treat stocks like lottery tickets. + +However, owning a share of a company is owning a share of the earnings they generate each quarter. Moat puts you in the position of a business owner, not a trader. + +**Why did I make Moat?** + +I made Moat because like many retail investors I used to conflate investing with trading. I would buy a stock hoping to sell it for more than what I paid for (to someone more "foolish" than me). On top of that, I would react and panic when stock prices went up or down which made me trade stocks like lottery tickets instead of investing in and owning wonderful companies that can earn lots of money. Bottom line, it's really difficult to own businesses that can enable you to compound your wealth when you look at stock prices. + +Many retail investors, especially newer ones, go, will go, or have gone through this. Value investing (for the long run) is against human nature and therefore inherently difficult for us to do. I built Moat so retail investors would be able to **invest like a value investor intuitively**. + +**How does Moat help you invest like Warren Buffett?** + +On Moat, you won't see stock prices or your day-to-day portfolio value like you would on a conventional trading app. + +Instead, you will see the Owner's earnings of the companies and shares you own/have owned. Each day you own a company, you're entitled to receive a day's worth of their quarterly earnings. + +In doing so, Moat inadvertently compels you to invest like a value investor: + +1. Invest in companies with wide moats that can generate lots of money for a long time +2. Buy companies when their stocks are cheap compared to their earnings +3. Stay invested and hold on to companies for as long as they continue to make lots of money instead of trading them. + +Ultimately the goal of a value investor is to invest in companies that can one day **earn more** than what they initially invested. This is exactly what Warren Buffett does: buy wonderful companies at attractive prices, and collect the earnings they generate – again and again. Moat doesn't just help you stop trading, it compels you to become an excellent business owner/value investor like Warren Buffett. + +I really hope you guys find value in Moat and that it contributes to a larger discussion of the future of retail investing and value investing and how they can come together. + +For those who are curious, this is a much more powerful and user-friendly improvement of a [spreadsheet](https://www.reddit.com/r/ValueInvesting/comments/ph6vww/a_spreadsheet_that_will_automatically_make_you/) I posted a few months back. + +**Updates:** + +7/4: there was a bug preventing people from signing up properly. It has since been fixed. Give it another shot! + +7/4: I came across a pretty nasty bug that messed up entering your past investments. I've fixed it since but I'm going to make a simple bug report form soon. In the meantime, if you come across a bug let me know in the comments. +(apologies for the inflammatory title) + +I am living the dream. \~3M net worth, \~700k / yr W2 earnings in a tech company. + +We tried avoiding lifestyle inflation for a long time, but after a while it becomes impossible given my goal of maximizing my earnings during this time. E.g., I was in market to buy a chair and desk for WFH. The old me (aspiring for regular FI, not Fat FI) would have done a ton of research, ordered a few items, tried and returned the ones I didn't like to find the best "ROI" items. Now, with kids at home and a demanding (+high paying) job, I prefer to just go to [wirecutter.com](https://wirecutter.com) and order their top recommended item regardless of the price. The amount of time I would have spent researching and agonizing over the best ROI item is not worth it anymore. I did the same recently with a blender, a coffee machine, a kid's bike ... and the list goes on. + +This change in mindset happened only recently when I realized that the time I would have spent on research/trials for lower priced items would be better (with higher ROI) spent with either my family or at my job. + +The effect is that my expenses have gone up. Whereas, earlier, I would have ordered a shitty walmart bike for my kid, now I order woom (or whatever top tier is available). + +This. Is. Lifestyle Inflation. In. Action. + +Not sure how to avoid it, and not sure if it is worth avoiding. + +How are you all handling this? Am I missing something? +**- 27 trillion in circulation** + +**- unlimited supply cap** + +**- only 1 node** + +**- 1% of holders own 30%** + +**- 25% supply minted in the last 6 months** + +**- 38 million notes printed every day** + +**- loses at least 3% of value every year** + +**- in a bear market since its conception** +All day everyday it seems that’s the vast majority of what’s posted. Can we move that to a mega thread or something? I want to really discuss what this sub was created for. +It takes money to make money. I've heard that once you get to 100k, compounding gets to be much more rapid and noticeable. I'm not there yet, but I can see it happening with my own account. I went from 40k-60k much faster than 20k-40k. +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](http://bit.ly/2rMAXmq). + +* **[EXPERIMENTAL]** - 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! + +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! + +Hi all - not sure if anyone saw this BBC article: https://www.bbc.co.uk/news/business-62417010 that got posted earlier today but it’s getting harder and harder to stand by as our beloved company is continually referred to as a ‘meme stock’ by the MSM - so I want to share with you this letter as sent to the author. + +.............................................................................. + +FOA Peter Hoskins, Business Reporter + +Hi Peter, + +I’m reaching out in regards to your article: https://www.bbc.co.uk/news/business-62417010 + +I would like to discuss with you the use of the term 'meme stock'. In my understanding, this is a derogatory term used in the attempt to discredit or undermine the fundamentals of a company and being that you state the following within your article: + +“US retailer GamesStop and cinema chain [POPCORN] were two of the most high profile meme stocks that saw their shares soar last year.” + +It could be interpreted that you are being instrumentalised to perpetuate this stereotype – being that a company’s value success is only reflective of online rallying and dismisses any fundamental value as exists beyond that. + +So what basis do you have to refer to these companies as such? + +Considering the impartial standpoint that the BBC is recognised to have in the reporting of the news, I find this language to be contradictory and the utilisation of such an unwelcome term allows for this wrongful perception of the companies as associated with it to persist. + +Furthermore, to what basis is there to state that the AMTD Digital stock has been 'likened' to a ‘meme’ stock as stated below, and who are these commentators? The statement in reference is as followed: + +Some commentators have likened the rise in AMTD Digital's value to so-called "meme stocks”. + +Do you have any evidence of this, and if so – why not use this to support the claims you have articulated in this article. + +I would argue that there is good reason why “AMTD Digital did not immediately respond to a request for comment from the BBC” and I think if you are looking to gain more insight into the bigger picture, such as – how it is possible that HKD AMTD became the 25th Largest Company in the world in 2 weeks – Larger than Pfizer, Coca Cola, Bank of America, Shell or McDonalds – may I suggest you start by looking on Reddit: r/superstonk (type HKD into the search bar for a more specialised search on this topic). + +Perhaps mainstream media’s need to perpetuate the term “meme stock” is a convenient distraction away from a more disturbing truth. + +I await your response. + +.............................................................................. + +EDIT: If others would also like to forward this to the BBC for a response, here’s how: newssiteerrors@bbc.co.uk + +Credit: u/eaparsley + +You can also complain to ofcom about content standards: + +https://www.ofcom.org.uk/tv-radio-and-on-demand/information-for-industry/guidance/procedures + +Credit: u/DontGoGivinMeEvils + +They also have an online complaints form. + +https://www.bbc.co.uk/contact/complaints/make-a-complaint/#/Complaint + +There were a couple of forms, but this was for complaints that require a response. + +Credit: u/TankTrap + +Newswatch - newswatch@bbc.co.uk, + +Complaints - https://www.bbc.co.uk/contact/complaints + +**Let your voices be heard.** +Hi folks, Tendie Baron here. + +# Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed" + +&#x200B; + +**Here is the proof:** + +[ Screenshot of 6\/21, shows that a small amount of BBBY buy using market orders failed because of \\"Only position closing is allowed\\". Note that the timestamps are in local time, the attempted buy orders were done during market hours. In the screenshot I blocked out the account number from my source. ](https://preview.redd.it/t7mciq80m1791.png?width=1125&format=png&auto=webp&s=409f33bf2fd40aab230edb591cad6360f4b96232) + +&#x200B; + +In the past, my source has shared me reliable information before, so I trust my source. But I figured that checking and verifying could never hurt. That's why I reached out to IC Markets myself, using their customer service widget on the website. At first you get a bot, but after 3-4 questions you can actually talk with a real person. Here are the screenshots of my chat with the customer representative: + +https://preview.redd.it/ytf3a6l7m1791.png?width=448&format=png&auto=webp&s=b30b1adef9bde0c343017f8dfc39255f936ff541 + +[ So the customer representative is actually saying that there was NO PCO on BBBY. Neither this morning or at the moment. ](https://preview.redd.it/p4j70nv7m1791.png?width=456&format=png&auto=webp&s=c5f404c36d448eb4c1f36e1aee324b1c79060ac1) + +&#x200B; + +So I reached out back to my source, sharing the screenshots I've shared here. Most important: **I blocked out the customer rep's name.** + +**But according to my source, he STILL CAN'T OPEN A POSITION, due to "Only Position Close"** + +I asked him to reach out to IC Markets himself to inquire on why he was getting this notification. + +https://preview.redd.it/n9mewpp9m1791.png?width=557&format=png&auto=webp&s=f6eaaeea5ff943feb4604168eecea455d6a69a86 + +[ BBBY IS IN FACT PCO! ](https://preview.redd.it/3m91cb1am1791.png?width=548&format=png&auto=webp&s=cc3c6e4773f699080ec012125a58b30946a8d3ee) + +&#x200B; + +Note: When I shared the screenshot with my source, I had already blocked out the name of the customer rep. When I received the screenshots from him, I saw the name. It was the SAME NAME as the customer rep I spoke with. This is why I have no doubts on the validity of the screenshots received. + +[ Another screenshot with a different time \(local time, about an hour before EOD\), showing that BBBY is in fact STILL PCO'ed! ](https://preview.redd.it/4affz85bm1791.png?width=1125&format=png&auto=webp&s=83ba9d07b39f0a51eadb9e778c4df6d863d50928) + +&#x200B; + +**Speculation part:** + +CFD brokers are basically betting against their own customers. The fact that they have BBBY on PCO, most likely means that they have high confidence in BBBY running. + +Fun fact: They PCO'ed the popular gaming retail chain on 5/19/22, and that stock ran nearly 30% six calendar days later... Probably nothing... + +&#x200B; + +**TL;DR:** + +* **Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed"** +* **Customer representative DENIES that BBBY was or is currently on PCO** +* **The screenshots I received had the same customer rep's name as the customer rep I spoke with** +* **Customer representative says that BBBY is PCO for "risk management decisions"** +* **Screenshot at later time today shows that BBBY is in fact still PCO'ed** + +&#x200B; + +*Did you like this content, and do you want to see more of my content? You can choose to follow Tendie Baron on Twitter or here on Reddit, neither are monetized. Feel free to check out my profile.* +PLEASE READ THIS POST IN ITS ENTIRETY + +A few hours ago a user created a post on r/dividends soliciting feedback for their particular piece of dividend related software. The user was sending the material through direct messages to any individual who requested it in the thread. Unfortunately I was offline and the post quickly gained traction and within two hours had nearly twenty comments. I reached out to multiple users of r/dividends with backgrounds in software programming who examined the file. Long story short, the OP was determined to not be acting entirely in good faith. In response, I took immediate action. + +Here is what I did: + +1. Locked the thread. +2. Removed the post under violation of rule 1. +3. Permanently banned the poster of the content and reported them to admins. +4. To protect the nearly two dozen users who had already commented in the thread, I manually removed your comments from public view. That way, if OP came back on an alt account and tried to look through the post, they would be unable to see your usernames. +5. Manually messaged everyone who posted in the thread with the following: + +>This is u/Firstclass30, lead moderator of r/dividends, +> +>After contact with multiple users, u/ gvalles8 was found to not be acting entirely in good faith. Based upon the feedback of several users, the software may not entirely be as advertised. +> +>As a precautionary measure, I ask you please uninstall any software this user or any other sent you immediately. This is not a joke. We here at r/dividends care deeply about our users and your safety is incredibly important to us. To protect your account, I have removed your comment from public view, so u/ gvalles8 will be unable to see your username. I have also banned the account from participation in r/dividends. +> +>As a reminder, please only download software from sources you trust. Reddit should not be one of those sources. The moderators of r/dividends will never solicit personal information from you or ask you to download any software. +> +>Please reach out if you have any concerns, and please immediately notify Reddit admins if you experience any negative repercussions from downloading any software you may or may not have received from this user. +> +>This message was sent to all users in this thread. u/ gvalles8's tag is intentionally modified so they cannot see this post in their username mentions. +> +>Thank you for you participation in r/dividends, +> +>Firstclass30. + +To the users of r/dividends, please report this kind of content immediately if you ever see it again. This is exactly the reason I do not allow this material. As moderator, it is my job to protect the users of this community from harmful and malicious content. In fulfillment of that goal, please remember to report anything that may even potentially violate subreddit rules, as it is automatically sent to us for moderator review. + +I would like to thank everyone who helped me in this endeavor. I had personally reached out to the user requesting a copy of the program myself to verify it, but never heard back. funny. He was so quick to give it out to everyone else. Regardless, if there are any kids reading this, please take this as a lesson to NOT DOWNLOAD THINGS RANDOM STRANGERS GIVE YOU OVER THE INTERNET. ESPECIALLY ON REDDIT. If you are contacted by anyone about this incident who is not a member of the r/dividends mod team, please delete their message and notify the mod team immediately, so we may block any alt accounts this user may have floating around. + +Thank you for your participation in r/dividends. + +Firstclass30. + +PS. Reddit is perfectly safe, so long as you do not download random things off it. Also, apologies for the eye-burning flair color. I had to get your attention somehow. + +Edit on November 1, 2020 @ 9:33EST: I think it has been long enough. I have changed the post flair back to a normal moderator announcement and have unstickied the post. I will keep it up for archival purposes, but I believe this issue can be considered as resolved. +Reddit’s Latest Money-Making Obsession Is an Obscure Fed Facility https://www.bloomberg.com/news/articles/2021-11-09/what-is-reverse-repo-fed-facility-reddit-superstonk-users-new-obsession + +Prepare for the bullshit storm. We're about to be labeled as the world's worst kind of human beings for doing DD. +Poor poor criminal multimillionaires, you told us to pull ourselves by the bootstraps and now your toys are broken. + +No amount of media manipulation will be able to hide your crimes. Trading is a tough game. + +EDIT: This post got some traction and visibility, so I'll just leave a reminder: "DRS IS THE WAY" +**EDIT**: **Apparently my post has really upset some people. I've been receiving nasty messages in my inbox and on this post. I am not trying to "pretend I'm better than anyone else" or trying to "rub it in" anyone's faces. I have been struggling for a LONG LONG time. I'm sorry that me being thankful and grateful for this unexpected help has upset people. That wasn't my intention at all.** + + +My spring semester officially ended on Monday. I got an email in my student account saying to check my student information center because I had been sent an important message by the college. Not gonna lie, I got scared that it had something to do with my financial aid. (On track to receive the full Pell grant for the 2020-2021 school year). + +I checked my student inbox and saw this: + +**Due to the disruption of campus operations as a result of COVID-19 you've been selected to receive a grant in the range of $1000-$1100. This grant should be used for things such as food, housing, course materials, technology, health care, and child-care. + +We expect to be processing these funds within 2 weeks.** + +I am straight up ugly crying. I filed for unemployment back in March and have yet to receive a single unemployment or PUA check. I'm so behind on bills. Food banks and the kindness of other Redditors are my saving grace right now. When I finally got my stimulus check, it went to back paying my landlord and utilities but now they are racked back up again. With this grant from my school, I'll be able to pay my share of May's rent and the utilities and might even have a little left over to put on my credit card. And hopefully I will start receiving the unemployment payments soon. This couldn't have come at a better time for me right now! +It has become an increasingly problematic situation for r/Superstonk and our nearly 500,000 members that some individuals are repeatedly harassing other subreddits. As moderators, we have declared a zero tolerance policy for brigading and have mentioned this multiple times in our daily news posts, as well as on YouTube and Twitter, so as to reach as many of you as possible. + +# Automod Change - No Subreddit Mentions + +Nonetheless, the problem has persisted. Several moderators from other subs have supposedly reported this to Reddit admins, and we have now received messaging from Reddit admins about this very topic, and the following has been forcibility added to our automod code: + + #do not remove per admins + + title+body (regex, includes): ['\br/ ?(?!superstonk)\S+'] + action: remove + action_reason: "links to other communities {{match}}" + + #do not remove per admins + + title (includes): ["r/"] + action: remove + action_reason: "call outs of other communities {{match}}" + +Also, I have added the following words to automod for instant removal: **gme\_meltdown**, **melvincapitallove**, **wallstreetbets**, **amcstock**, **WSB**, and **AMC**. This list will be adjusted as necessary in regards to preventing discussion of other subs, in accordance with Reddit Admins. + +# No Tolerance for Brigading + +Brigading can include the following: + +* Vote manipulation of other subs' content, either positively or negatively +* Harassing other subs' posts and comment threads with pro-r/Superstonk content +* Making posts on this subreddit about other subs and their members +* Organizing in any way to influence other subs one way or another +* Posting negative comments or posts on r/Superstonk itself +* Posting screenshots of posts from other subs + +We understand that there are many issues coming from other subs. I will not name those issues because of the new Reddit automod rule that says we cannot discuss those subs. But many of us have felt defensive in this regard. I kindly ask all of you to stay focused on r/Superstonk, the stock we all love $GME, and issues of the financial world, and not those of the reddit world. As of today, you can no longer discuss other subs on this subreddit. + +**We have also DISABLED CROSSPOSTING for the foreseeable future, so as to not include other subreddits in any way.** + +Please note that we cannot enforce these rules off of Reddit, such as on Twitter, Discord, or YouTube, unless it is by means of our own individual accounts. However, we do discourage making this a big issue on other social media, because that could also be used against us. + +# No Brigading Rule + +We have also added a new rule that will be used to remove content and potentially BAN users for this behavior: + +>Under NO circumstances, will brigading be tolerated on this subreddit or any other. Individuals who are discovered to be participating in this, risk being permanently banned for this reason. +> +>Brigading includes: +> +>\- organized voting on other subs +> +>\- harassing other subs +> +>\- using r/Superstonk to defame other subs +> +>\- sharing screenshots from other subs +> +>Additionally, Reddit Admins have placed an irremovable code into our automod that prevents linking other subs entirely. + +If you violate this rule, you will be considered an instigator in directly attempting to take down r/Superstonk, and we will respond as intensely as can so as to prevent that circumstance. + +# Additional Measures + +We are currently exploring additional measures on how to comply with Reddit Admins' anti-brigading rules, and that may include increasing karma/age limits considerably as well as bringing in considerably more moderators that we trust and can rely on to properly moderate the sub. We are making these changes due to outside parties reporting us for facilitating brigading and also due to Reddit admins contacting us directly in a very concerning manner. + +If you see brigading, please discourage it as intensely as you can. We do not allow this, and it is a bannable offense. We hope to comply entirely with Reddit Admins' requests, as that is the platform we are on. We need to comply with Reddit rules above all else. Thank you. + +# Edit: Automod Code for Other Subs + +I have also created an automod code that can be easily copy/pasted into other subreddits' automod, which will effectively block crossposts from r/Superstonk. I just tested it and it works great! If other subs are truly having issues with our members crossposting into their subs, they can use this to block us: + + --- + + # SUPERSTONK GTFO + + type: crosspost submission + crosspost_subreddit: + name: ["Superstonk"] + action: remove + message: | + We don' like yer kind 'roun 'ere. + + --- + +As of current, our automod and rules are updated to be strict against brigading, limiting certain words and references to other subs, and all crossposting is disabled. I am unsure personally how to prevent this further, so here is code that other subs can use to block specific words and mentions: + + --- + + # I DONT LIKE THE STOCK + + title+body (regex): ["GME", "$GME", "to the moon", "paperhand"] + author: + is_moderator: false + action: remove + message: | + We don't like the stock, but we haven't read enough DD. + + --- + +Hopefully now it can be evidently clear that we are making zero efforts to Brigade other subs, and are now actively bolstering their capabilities against us. I am confident r/Superstonk will nonetheless grow and continue to unearth the truths of the real market due to GameStop stock and research around it. I like the stock. I love the company. CAN'T STOP; WON'T STOP. +RaiBlocks (XRB) is an extremely scalable currency (7000 transactions per second tested) that has nearly instant FREE transactions, without the need for miners, while still staying extremely decentralized. + +visit raiblocks.net to learn more +visit bitgrail.com to transfer + + + +TIP: transfer using LTC for lowest fees and quickest transactions for XRB 100 xrb buying limit but can be converted to btc which when used on bitgrail has no minimum when buying XRB + +What do all of you think about XRB? + CryptoHeist ($CHST) a fan token for the hit TV series 'Money Heist'. Officially supported and promoted by the actor that plays Arturo + +$CHST is bringing excitement to the BSC network with a real use case. They are launching a mobile game & private crypto wallet. + +The team is very strong including members from various successful projects. They have links with CoinGecko and CMC to get a fast listing. + +They have had promos from big names on Twitter including CryptoMessiah & others. Currently trending on Dextools. + +The team will doxx on CMC listings + +Team has been helpful answering questions on Voicechat and are very involved with the community. + +Only $1.3M MC. This can easily reach $10-50M MC with CoinGecko & CMC listings. + +Our token model is one-of-a-kind! Each transaction will incur a 10% tax: + +🏦3% of each transaction will go to a wallet that will be up for grabs through a variety of games and giveaways TWICE a day! (This will be automatically converted to BNB to ensure the winners do not dump tokens) +✅4% will be added back to the liquidity pool +✅3% will be sent to a marketing wallet + +Join the revolution! + +🔒Liquidity is locked by DxSale + +cryptoheist.io/ + +Twitter: [u/cryptoheistbsc](https://www.reddit.com/u/cryptoheistbsc/) + +[https://t.me/CryptoHeistTG](https://t.me/CryptoHeistTG) +Immigration is commonly mentioned as a solution to population decline for a country, in relation to maintaining the current economy. But how would immigration be addressed on a global level, as those who immigrate must emigrate from somewhere? + +* in the long term, would one or a few countries be regarded as ’immigration pools’ by which other countries solve their own population decline? +* since population decline is associated with improved health and conditions, would the aforemention ’immigration pools’ have to be countries with worse health and conditions? +* if population decline happens in all countries, will immigration be driven mostly by countries competing with alternative benefits for those who immigrate? +* if yes to the previous question: in the very long run, what would happen to those countries that can’t compete with attractive immigration benefits? +I’m an exhausted Ape. I’ve been holding XXX since early January. + +Dates come and go. + +Hype rushes and falls. + +The truth has gotten uglier and uglier. + +My conviction has grown stronger and stronger. + +But I’m tired. + +I’m so fucking tired. + +Tired of feeling afraid to admit this to you all. Because I know that THEY want us to feel broken. Bored. And tired. + +But I think in our weakness we grow stronger. + +When one Ape says to another… “hang tight… I’ve been there too… I’ve got you.” + +Both Sam and Frodo were EXHAUSTED walking to Mordor. + +But in Sam’s exhaustion he was still able to support his brother Ape. + +I feel like Frodo. + +And I’m looking for a Sam. + +Edit: holy fuuuuck. It’s not even been 10 minutes and I’m more inspired by you all than I possibly could have imagined. I’ll be there for you all when you need it too. Trust me. FUCK-ING LOVE YOU ALL + +Edit 2: I’m nearly crying at the outpouring of support and love. I’m out to dinner with my family and choosing to tune out of the market for now. But I promise I will respond to each and every one of you before the end of the weekend. I love this community with all my heart. + +Edit 3: I’m speechless. Absolutely speechless. Went out to dinner with my wife and our baby and I come back to more comments and awards then my retarded ape brain can even count. I absolutely adore every single one of you. More than you know. Many of you are commenting things such as “take a break for awhile” and you’re 1000% correct to be advising that. Another shrewd of apes here are chiming in that this post of mine strikes a chord in your heart as well. That you are also just feeling burned out a bit and that it has been helpful to have a fellow ape just admit that “this hasn’t been easy”. I see you and I just want everyone to know I’m not fucking leaving. And I know none of you are either. In general - I wear my emotions on my sleeve. Everything is a feeling to me. That has its pros and definitely it’s cons. But to watch the markets and GME be manipulated like this has been taxing to watch (no pun intended). I have spent half a year encouraging you apes, hurting with you apes, watching your kids being born, sobbing with you as your puppy’s have passed away…. We have all been through so much together even OUTSIDE of GME. And we are strong because of it all. But I believe firmly that we must embrace the good emotions as well as the hard emotions. For some- that compartmentalization of emotions and logic is easier than it is for others, like myself. + +Finally- another shrewd of apes have asked me “why is it so hard to hold?” It’s because this community has grown beyond me. Initially- it was just a way for me to make some extra money. Now I am here holding for and alongside all my brother and sister apes. And I’ve brought more apes who are close friends of mine into this thread in the past two months. I’ve put on a strong face for everyone at all times- even on the days of pure nonsensical fuckery- where nothing makes sense. But I needed for a moment- to remind you all that it’s okay to show your feelings. To say you’re tired. To ask for support. + +I will be responding to as many of you as I can. But for now I want to tell you all that I will be spending this week focusing on my beautiful family- and making sure this ape brain stays healthy- because I will continue to hold and fight with you all daily so I need to keep my brain strong and vigilant. + +Until this rocket smashes into the sun… apes together strong. + +Much love you all. +**CONFIRMED - HITBTC IS A SCAM** + +Please be extremely cautious, if you have funds on this exchange it's advised you move them to a wallet that you control. At a moments notice HitBTC can decide they are going to keep your funds. + +Anyone else who has a grievance against HitBTC is advised to contact me by private message, more evidence is welcome in the claim I am making against the director (be it a nominee director they'll quickly give up the real owner) we will also get our lawyers to contact the banks to find out who is the signatory on the account. + +Stay tuned. + +---- +UPDATE 26/08/2017: + +HitBTC are refusing to return the tokens, even though I can prove I own the wallet that funded the account, My IP is the same, and I am requesting it be withdrawn to the same address I have always used. + +I contacted lawyers in China on Friday and have requested their legal address and company number in my support ticket. + +My e-mail account being deleted was out of my control, the fact withdrawals did not work for days on end was not my fault. + +In discussions with YouTuber's if anyone wants to make a video please get in contact the world needs to know about HitBTC, if they stole 50k I will happily spend 50k to highlight this fact and cause them more than they've stolen from me. + +Anyone with a website please contact me, blog, etc. + +---- + +Their withdrawals were disabled. +They randomly enabled 2FA. +My e-mail provider decided to delete my account. + +I have: + +1. Requested balance withdrawn to the same withdrawal address I have always used, since day 0 of owning the account. +2. Proved I own the wallet that funded the account, verifiable by block chain. +3. Am logged in with the same IP address used on the day of account creation. + +They are refusing to return the tokens. SCAM BEWARE. NO COMMON SENSE AT ALL. + + +---- + +OK. Let's apply some basic logic here. +*CONCERN 1:* Your concern is that someone could have logged into the account, and requested a withdrawal right? And the original account owner will come along and start a post on reddit saying e-mail 2FA disabled lost my money, that was your claim. +*ANSWER 1:* I am only requesting you withdraw to the SAME address used previously, the only one ever used. If I am someone else, I am sending the funds to the ORIGINAL OWNER of the account as it's the same bloody address. +*CONCERN 2:* We don't know you are the account owner. +*ANSWER 2:* I have proven I am the owner by indisputable facts, I own the wallet that funded the HitBTC account - verifiable by blockchain. I have sent a deposit of 0.1 when I opened this ticket to my account. No one in the world has the private keys but me, thats the way this stuff works. I own the wallet that funded the account. +*ANSWER 3:* Check my IP address, it's the same as the day the account was created. +Please can you answer these facts? Or are you just wanting to steal my money? /u/hitbtc + +---- + +I would like to make the Reddit Crypto community aware that HitBTC.com has in effect stolen 150 ETH from myself and at the time of this post that is $50,000 USD. + +I understand this is partially my fault but it's no excuse for the lack of support. + +On the 2017-08-20 I decided to buy DNT, I deposited 200 ETH worth, at the time that being $59,942.62 and withdrew the DNT tokens no problem. Happy with my purchase I thought I would also buy the ZRX token, so I deposited 150 ETH to buy ZRX. I purchased the ZRX (and got a terrible rate) however when I went to withdraw the ZRX it said due to technical issues I was unable to withdraw ZRX at that time. No problem I will return later. + +I returned yesterday and attempted to withdraw my 50k USD (150 ETH) worth of ZRX to my token wallet, the same one I used for my DNT withdrawal, the only one ever used on my HitBTC account. + +This is when I get an alert saying confirm withdrawal by e-mail, uh oh. I used a free email address, which was disabled by the e-mail provider as I didn't use a real name or details, my fault I know right? However 2FA was never enabled, and suddenly it was. No problem I will contact support. + +Support isn't being helpful, I requested withdrawal or an e-mail address change. + +1. I have proved ownership of the ETH wallet that funded the account, it has in excess of $XXXk USD. I sent a verification deposit of 0.1 ETH to my HitBTC account, to show I am the original person who funded the account. What more do they want? + +2. I am requesting to withdraw all my ZRX tokens to the same address I have ALWAYS used, the only address I have used not a different one. The ONLY ADDRESS ever withdrawn too on this account NOT a different one. + +3. My IP address is the same as the day I opened the account. + +4. I wouldn't be in this situation if 2FA Email Confirmation hadn't been randomly enabled. + +5. I wouldn't be in this situation if ZRX withdrawals were working, I would have withdrawn them straight away on the day I purchased them. + +I am getting nowhere with HitBTC support, I have hit a brick wall. I am not sure if this is a deliberate attempt to steal my funds or just bad service, there is no common sense just canned replies anyone else can see I am the person who created the account I have access to the wallet that funded it, the one I withdrew too in the past, and I am asking it to be sent to the same wallet I withdrew 200 ETH worth of DNT too, not a random address. + +Until this situation is resolved I would just warn others to be careful and not do large deposits to HitBTC. I wouldn't be in this issue had 2FA been randomly enabled or if ZRX withdrawals were working the day I bought them, not days later. + +Yes I understand I shoudln't have used a free email address but it's easy enough for them to update my e-mail address or process the withdrawal to the only address I have ever used and withdrawn successfully too in the past. + +I'm unable to find what country they are incoporated in, nor have they answered my requests for their legal address and incoporisation number of their company. Very shady, beware. + +If a staff member wants me to provide evidence to this I can provide screenshots, the transaction, my wallet with in excess of XXXk USD worth in it, etc. + +What are my options? +I took the severance package from my job and that money has since ran out. This was back in September. I thought I would have a job by now but I’m getting more rejections than I am interviews. The interviews I did have have not followed up with me on an offer or a denial. I’m assuming it’s because it’s the holiday season. + +I’ve done resume courses, paid indeed to review my resume, changed the entire formatting, and I’m signed up with a career management company, still no luck. I even applied for immediate hire call centers because I’m that desperate and no call backs. I had an interview and assessment for one, and I did the whole computer testing thing for the other. I was gonna two job it, but no start dates given. + +Well my mortgage is due, credit cards due, utilities due. The state did pay my past due balances on my utilities last month, but today is a new day. I’m thinking about just applying to McDonald’s up the street until somebody calls me. Everyone keeps telling me not to, that something will come along, but I’m desperate. My only fear is being rejected for being over qualified. I’d be devastated if a fast food joint rejects me. They pay $15 if you’re over 18 and I can get 40 hrs a week with benefits, so why not give it a try. +Suggested someone sell AMC this afternoon on Twitter and got a lot of flak from WSB bros. Getting tired of people hyping that wave given the tickers involved are so overextended. (Sorry if this post is clutter; just needed somewhere to vent.) +Suggested someone sell AMC this afternoon on Twitter and got a lot of flak from WSB bros. Getting tired of people hyping that wave given the tickers involved are so overextended. (Sorry if this post is clutter; just needed somewhere to vent.) +We're trying to save the planet by utilizing the power of the cryptocurrency! + +$SEAS has been in contact with multiple non-profit institutes like WWF for a potential partnership! We've got plans to work together with governments and huge celebrities. This isn't just a meme token, but a token that uses the power of the crypto industry to make this world a better place. Together will make a difference to our wildlife. + +The devs are doxxed and have shown their faces on the website. They have a serious marketing strategy on their medium with future goals and have been in contact with numerous big non profit organizations regarding to potential partnerships. The ownership is renounced and the liquidity is locked for 4 years. They've also made their first donation to the elephant jungle sanctuary in Thailand. + +&#x200B; + +Tokenomics: + +Initial Supply: 1,000,000,000,000,000 + +Launch Burn: 500,000,000,000,000 + +Pancakeswap: 450,000,000,000,000 + +Marketing Wallet: 50,000,000,000,000 + +Locked marketing wallet vested over time for marketing purposes and giveaways! + +&#x200B; + +Transaction tax: + +5% Locked liquidity + +2% Burned forever slowly reducing the supply + +1% Donated to save the wildlife + +&#x200B; + +Website: saveanimals.io + +Listed on rugpullscanner: rugpullscanner.com/token/seas + +Telegram Group: t.me/SaveAnimalsOfficial + +Twitter: twitter.com/SaveAnimalsSEAS + +Pancakeswap V2: + +exchange.pancakeswap.finance/#/swap?outputCurrency=0x6ee90765bd474c7e2d8642069f1f2ed63ded6db3 +We're trying to save the planet by utilizing the power of the cryptocurrency! + +$SEAS has been in contact with multiple non-profit institutes like WWF for a potential partnership! We've got plans to work together with governments and huge celebrities. This isn't just a meme token, but a token that uses the power of the crypto industry to make this world a better place. Together will make a difference to our wildlife. + +The devs are doxxed and have shown their faces on the website. They have a serious marketing strategy on their medium with future goals and have been in contact with numerous big non profit organizations regarding to potential partnerships. The ownership is renounced and the liquidity is locked for 4 years. They've also made their first donation to the elephant jungle sanctuary in Thailand. + +&#x200B; + +Tokenomics: + +Initial Supply: 1,000,000,000,000,000 + +Launch Burn: 500,000,000,000,000 + +Pancakeswap: 450,000,000,000,000 + +Marketing Wallet: 50,000,000,000,000 + +Locked marketing wallet vested over time for marketing purposes and giveaways! + +&#x200B; + +Transaction tax: + +5% Locked liquidity + +2% Burned forever slowly reducing the supply + +1% Donated to save the wildlife + +&#x200B; + +Website: saveanimals.io + +Listed on rugpullscanner: rugpullscanner.com/token/seas + +Telegram Group: t.me/SaveAnimalsOfficial + +Twitter: twitter.com/SaveAnimalsSEAS + +Pancakeswap V2: + +exchange.pancakeswap.finance/#/swap?outputCurrency=0x6ee90765bd474c7e2d8642069f1f2ed63ded6db3 +Background-$6.5MM nw, 49, M, married with 3 kids + +Through a combination having a good income, being a very good investor and watching our costs, I’ve went from deal management and doing everything with costs in mind to mostly not caring. It wasn’t too long ago that I reviewed every grocery receipt and was a strict 20% tipper not including tax. I switched various providers (trash, cable,etc) if I could save $5/monthly. + +Now I buy what I want on deal or off deal. i go the stores I want and stay in the hotels I want without much regard to price. I won’t stay in a $500/night hotel but if it’s $285 or $150, I’ll stay at the easier/nicer place. + +The interesting thing is that I’m still conscious of it but I’m actively choosing not to spend any energy on “managing the small stuff” mentally. I have to admit, I really like this feeling. + +This didn’t happen overnight but rather over the last couple years. And I really think I mostly stopped caring when I comfortably got over $5MM NW. I feel pretty safe in thinking I won’t spend it all. + +What are the things you care or don’t care about? Anyone else go through this type of transformation? +# Their CEO made a speech in the bitcoin festival, along with bitboy Michael Saylor! + +Stay informed with the latest news regarding their community by joining their telegram group + +[https://t.me/afrostarcommunity](https://t.me/afrostarcommunity) + +**💲Where to buy from? Pancakeswap! 💲** + +[https://pancakeswap.finance/swap?outputCurrency=0x2f4e9c97aaffd67d98a640062d90e355b4a1c539](https://pancakeswap.finance/swap?outputCurrency=0x2f4e9c97aaffd67d98a640062d90e355b4a1c539) + +**🚨What are the HOTTEST news around Afrostar token?** **🚨** + +🔥Huge offline marketing campaign – Afrostar is all around London on busses and the tube! + +🔥Incredible online marketing done by the team! + +🔥1600 BNB Presale sold out in less than hour, 700 BNB Public sale sold out in 8 SECONDS! + +🔥9000+ holders for 6 days! Amazing! + +🔥Went from 2m marketcap to 20m marketcap in 1 hour of release, currently at 54m marketcap! + +🔥15m trading volume for just 6 days! + +**👉 What is Afrostar token all about?** + +The crypto currency aims to be THE digital currency that is trusted and used across the continent, and a top crypto currency worldwide. The Afrostar ecosystem will provide a range of powerful real world use cases for the Afrostar token. + +**👉 Multiple steps taken to protect investors:** + +🌟LP Locked – The liquidity pool is locked which means it can’t be rug pulled, thereby protecting investors + +🌟Toxic whale tax – This progressive smart tax helps protect against sudden price drops and aims to reduce price volatility + +🌟Buy back fund – This is used to support the token price as and when needed. It will also boost investor confidence + +🌟Auto LP Generated – The auto LP help create a price floor for the token and also helps make the price more stable + +🌟Bot killer smart code – Their bot killer code helps protect against trading bots that try to manipulate the crypto price + +🌟Multi signature wallet – To provide extra security, a minimum of 3 signatures are required to unlock the Business Angels wallet + +**👉 What is going to be their core utility? I present to you the copy trading Afrostar app!** + +The founders are using their 20 years’ experience in the investment industry to develop a powerful, user friendly one stop crypto trading app. People will be able to buy and sell crypto and also have the choice to auto copy the trades of other people. A range of simple but powerful filters and statistics will give users the ability to select traders that match their criteria. + +The developers plan on launching the app on 2022. + +**👉 Why should you invest in Afrostar? There are some key project facts!** + +✅World class team running the project + +✅Currently $500,000+ are spent on marketing + +✅Extensive marketing both online crypto and mass media + +✅500,000 + existing clients of Afrostar team members as potential Afrostar investors + +✅Massive worldwide PR booked and paid for + +✅Highly experienced tech team who have done successful crypto launches before + +✅Huge offline marketing campaigns already booked (billboards, newspapers, buses, underground, radio) + +**📈Contract BSC:** + +0x2f4e9c97aaffd67d98a640062d90e355b4a1c539 + +**💎Tokenomics:** + +💲Total supply: 1,000,000,000,000,000 + +**📌** 10% taxes: + +2% Buy back fund + +6% Marketing & Development + +2% Holders rewards + +**♻️Token distribution:** + +📍Airdrop: 8% + +📍Liquidity pool: 20% + +📍Private Sale: 10% + +📍Ecosystem/Dev: 7% + +📍Partnerships: 4% + +📍Burn: 5% + +📍Advisors: 3% + +📍Business Angels Project 3% + +📍Presale: 40% + +**🔗 Join the community and feel the great vibe!** + +Afrostar token’s team has given you a wide variety of social platforms that you can engage with and communicate with other people in the project. Right there you can contact the team and ask them anything you feel like it! I have done it myself and they are flawless in their response. + +**🌐 Website**: [https://www.afrostar.io](https://www.afrostar.io/) + +**📱 Telegram**: [https://t.me/afrostarcommunity](https://t.me/afrostarcommunity) + +[**🎮**](https://old.reddit.com/r/CryptoMoonShots/comments/pyw3w0/welcome_to_the_minififatoken_doxxed_dev_90_burn/)**Discord**: [https://discord.com/invite/qrj6AWacH4](https://discord.com/invite/qrj6AWacH4) + +**📃Youtube:** [https://www.youtube.com/channel/UCas9v53n5QXt1ZdTPKHo3Gg](https://www.youtube.com/channel/UCas9v53n5QXt1ZdTPKHo3Gg) + +**🕊 Twitter**: [https://twitter.com/afrostarcrypto](https://twitter.com/afrostarcrypto) + +**🪐Reddit**: [https://www.reddit.com/user/afrostarcrypto](https://www.reddit.com/user/afrostarcrypto) + +**📱 Facebook**: [https://www.facebook.com/afrostarcrypto](https://www.facebook.com/afrostarcrypto) + +**🌐 Instagram**: [https://www.instagram.com/afrostarcrypto/](https://www.instagram.com/afrostarcrypto/) +>It's Justin from the sharding research team. Apologies for the confusion. We are considering changing the Ethereum 2.0 roadmap to skip Casper FFG with 1500 ETH deposits. Instead Casper and sharding validators would be unified from the get-go in the beacon chain, and deposits would be 32 ETH. There's more information in this ethresear.ch reply. It's a recent and unconfirmed direction, but one we are taking seriously. + +https://www.reddit.com/r/ethereum/comments/8pi6mr/casper_and_sharding_coming_together/ + +This would allow many more people to become stakers right off the bat, and not have to resort to using pools. + +32 ETH is around $18k right now, compared to $900k for 1500. + +Exciting times ahead! +I keep seeing posts where people are struggling with their budget but have some ridiculous car payment. Let's have a little discussion for people who are looking to buy a car. Here's some advice I'll give. Your mileage may vary (oh yes I went there). This advice is in USD but works anywhere. + +Don't get stuck holding the bag on a car that depreciates faster than you pay it off. I've done the math at a bunch of different interest rates, and the bottom line is that 48 months is the magic number for loan terms. At 4 years or below, you're typically safe. Maybe you can push the boundary at super low interest rates, but there are other reasons not to finance for too long, including risk of financing a used vehicle for longer than expected reliable service life. + +Next, write out your full budget and see what you have room for. Here's where young folks get trapped: maybe if you're still in school or fresh out of school and have super low living expenses, it will appear like you have tons of room for a fancy car. As soon as you become fully independent with a real place to live and food needs and all that jazz (which will very likely happen within a few years), that magic car budget will vanish before your eyes. Be realistic. Account for all the standard living expenses, fun budget, savings, and then be honest - what do you really have to spend on transportation each month? For a lot of people, it'll probably be a few hundred bucks. Then, subtract what insurance and gas and other associated fees will cost you, and multiply what you're left with by 48. That's what you can afford to finance (including interest!) + +Does the number come out well under $10,000 (or equivalent low amount for whatever country you're from)? For many people, it probably does. Don't be discouraged, for you can get a great reliable car under ten grand. + +Does the number come out to less than $5000? Very common! Save up and buy a car in cash. + +I feel like people tend to look at $20K as cheap for a car, but it's not cheap at all. Include taxes and fees, finance over 5 years at 5% and you're looking at well over $400/mo. Then tack on insurance (easily $200 for a young driver), and then tack on gas. That $20K car costs you $500-700 per month! If you aren't bringing home $5K+ each month, that probably doesn't fit in your budget. The reality is, even a $20K car is not realistically affordable for the majority of income earners. + +What about $30K+ cars? Radio commercials make them sound so affordable, but cars in the $30K-$40K range should be seen as luxury vehicles. We're talking six figure income required. Yet, so many people buy $30K SUVs and get screwed by the monthly payments. Please don't let it happen to you. + +I work in a respectable profession and make a fairly decent wage. People always ask me why I drive a 10 year old car. It's because that's what I can realistically afford! Society in general has inflated expectations on what they can afford. It's time to fix this and save people from ruining their budgets. + +Edit: Thank you to the user who gave me gold! I appreciate it +I've been wanted to write up another detailed post for some time but I've just been swamped with kids and work. For some background, I'm 36 and married (we've been together 17 years) and I have two kids (1 and 3). My wife and I are both lawyers but we don't work together. She is in-house at a large corporation. A lot of lawyers I know hate their jobs or feel like they made a mistake choosing law, and I had a lot of those same feelings when I got out of law school. So I figured I would post my story and also offer advice to others in the same situation. I've seen a lot of big firm lawyers post on this sub and have no doubt that many have wanted to go solo but just don't know how. I also am seeking my own advice on when to pull the retirement trigger and how to figure out when enough is enough. + +I'm just writing this stream of conscious, so please excuse the poor writing and any organizational issues. + +I made a previous detailed post nearly 3 years ago and a lot has changed since then: [https://www.reddit.com/r/fatFIRE/comments/88p5xg/make\_over\_1\_mil\_per\_year\_and\_want\_to\_retire\_in\_5/](https://www.reddit.com/r/fatFIRE/comments/88p5xg/make_over_1_mil_per_year_and_want_to_retire_in_5/) + +**My Background/Pre-Solo Practice** + +I graduated college in 2006 and like many people, had no idea what I wanted to do. My wife and I had tried to start a porn company with some friends after college (producing, not acting) and we really enjoyed researching all the laws surrounding the process. So we said fuck it and we ended up taking the LSAT and going to law school instead. We both went to the same law school and did very well academically. I was on law review and graduated top 1%, and she was the EIC of a secondary journal and also had great grades. + +I summered 2L year for a big firm and really hated it. I started to get depressed thinking that my life would be 30 years of grinding 80 hour weeks in a sterile office building. There wasn't enough money in the world that could convince me to do that. As a result, I was extremely lazy over the summer. I left early every day, skipped out on summer associate events, and checked out mentally for most of the time. At top law schools, it is shoved into your brain that the only jobs worth taking are big firm jobs. So I decided that law wasn't for me. + +When I graduated, my wife got an in-house job close to where we wanted to live (she actually applied for a non-law job at the company and they offered her an in-house job), and I got a non-law job at the same company as a business analyst. The company had thousands of employees, but this particular office had about 200-250 people. We also took and passed the bar exam. At that point, I had committed to just trying to work my way up in a boring corporate job. It wasn't that exciting, but at least the hours were good and I could hang out with my wife during the day. + +After about a month, one of my co-workers came to me for some legal advice. He had been in a car accident and asked me what to do. I had been in a car accident in high school and remembered they could settle for good money. So I offered to help him. I formed my firm, got malpractice insurance, and began moonlighting afterhours taking cases. After a few months, I had a dozen or so cases that ranged from personal injury to bankruptcy. After about a year, I had a caseload of about 40 cases. + +I ended up making more money moonlighting than I did with my non-law job. I also really started to enjoy the law and realized that big law wasn't the only way to be a lawyer. I am a people person and really liked talking to regular people all the time. I also felt good helping every day people with their legal issues and doing some good for the community. After about 18 months at the company, I quit and joined a law firm. The owner of that firm was a super cool and entrepreneurial guy. He gave me a base salary plus a percentage of work that I worked on and originated. At that firm I handled every type of consumer law. + +**Going Solo** + +Eventually, I figured that I knew enough and was confident enough to start my own practice. We had just bought a new house and my wife's salary was not enough to cover all of our bills. The decision to quit my job and start my own firm was scary as fuck. I had a ton of anxiety and went back and forth on the decision for two months. I gave my notice that December, and on January 1, 2014, I started my own law firm. + +The first month went horribly. I got the worst flu I had ever had in my life and couldn't work at all for the first two weeks. I had this dreadful and terrible feeling that I made the wrong choice, and I felt for months like I was an unemployed loser. We are constantly told growing up that we need to work for other people and the measure of success is how good and prestigious of a job you have. Running a small shitlaw firm was not what they tell you to do in law school. + +**Marketing/Growing the Firm** + +I'll make another more about my marketing and firm grown, but I'll discuss some of it briefly here. I grew my firm without any paid marketing, and for the most part, I don't do much paid marketing now. When I first went solo I spent most of my time (and I still do) handing out business cards. I handed out thousands the first 6 months. I would talk to anyone who would listen to me. I also posted ads on craigslist every morning, gave talks to frats/sororities about their rights, and gave talks at local community centers. I took on literally anything that would come through the door. + +Over time, I slowly narrowed my practice areas. First, I cut my practice from everything to criminal, employment, personal injury, and business litigation. Then I reduced further to criminal law and personal injury. Eventually I streamlined it to just personal injury. Having a mix of continency, hourly, and flat fee work was great at the start for consistent cash flow. But once my contingency pipeline got full, it was clear that personal injury was the best money. + +As of today, I have a caseload of over 600+ cases and 10-15 staff (including a few other lawyers). I have a one-third ownership interest in another injury firm that has 200-300 cases. For that firm I do no work, I just send them my overflow cases and get a percentage of firm revenue. I also have a third firm that doesn't consumer class actions that I own 50% of. That firm started this year and we got a mid-seven figure class action settlement last month. + +I still spend very little m oney on marketing, and the vast majority of my cases come from word of mouth (mostly former clients) and handing out business cards. Don't underestimate face to face marketing. I probably hand out 2,000+ business cards a year still. + +**My Firm NET Income By Year** + +This doesn't count income from my other endeavors (real estate or my other firms). + +**2014 -** 300K + +**2015** \- 600K + +**2016** \- 800K + +**2017** \- 1.2 Million + +**2018** \- 3 Million + +**2019** \- 5.6 Million + +**2020** \- 5.5 Million YTD. Should end the year at 6-7 Million. + +**Current Assets/Net Worth** + +Primary Residence (Paid Off) - $1.5 Million + +Rental Property (Rent to Mother-in-Law for zero cash flow) - $400,000 in equity + +Multi-Family Property (12 unit owned with some partners) - $730,000 in equity (my share) + +Retirement Accounts/Taxable Accounts/Cash - $7.5 Million (about 200K of this is in an irrevocable trust for my kids and we are planning on probably moving another chuck to our kids because we are concerned about the gift tax exemption going down in the next few years) + +529 Accounts - $172,000 for each kid (frontloaded 5 years of gifts to them each) + +**Current Plan** + +My business has changed significantly since my last post several years ago. For one, I went from two employees and working from home to over 10 employees and an office in a very short period of time. My overhead now is close to 1 million a year (although my gross receipts are exponentially higher). + +Last year I brought on one of my former business partners in my other law firm to run my litigation department. He basically gave up an ownership interest in the other firm to join mine (he is a lawyer). He isn't an equity partner but his compensation is based on firm performance. As a result he gets paid very well. The benefit is that he runs all of my firm's litigation now and tries most of our cases. I probably would have made more money this year without him but my stress is way down now. I also hired my brother to run my pre-lit department. He isn't a lawyer but ran operations for a large company for ten years. Between my brother and the other lawyer, the goal is for them to run most of the day-to-day. That way I can focus on the things I enjoy (mediations/trials/negotiating) and growing the business. + +At my current rate by 40 I should have 20 million+ NW (assuming similar performance the next few years). At that point I am torn between stopping completely, keeping my firm growing, or something in between like working part-time and having highly paid employees who can run the entire thing. The problem for me is that I am very involved in the business and the clients hire us mostly because of me and my relationship with them or their referral source (usually a former client). I also find it hard to think about anything other than work, and taking a vacation means working several hours a day even when I'm out of the country with my family. + +**Investment Strategy** + +We live primarily off my wife's income (around 160K) and invest most of what I make. I own a 12 unit apartment building, a rental property, and my primary residence. The rest of the money is put into index funds and I have a decent amount in cash to look for other real estate deals. When I posted 3 years ago I wasn't investing much into taxable accounts, but that has changed a lot. I actually dumped a ton of cash into the market in March and it has worked out fairly well for me. My short and long term goals are to just buy index funds as I take distributions and save some to buy a multifamily property every year or two. I also have an estate planning attorney that has been helping me gift over portions of my estate to my kids irrevocable trust. The only other thing I am thinking about doing is setting up a deferred comp plan and putting a portion of my settlement fees into it every year. From what I've read it is fairly easy to do as a contingency lawyer. The only downside is an annual 1% management fee but I figure the tax deferred growth will offset that. + +**Goals** + +My goals have changed a bit since my last post several years ago. I went from making 1 million in 2017 to making over 5 million last year (and a repeat or better this year). I originally thought about pulling the trigger and stopping at 38 but it makes sense to put in a few more years at this income to set up not only myself for life, but my kids. I want them to work but I want to make sure they are covered for college, have enough money to buy a home, get married, have kids, and take risks in business. Because of the lifestyle my wife and I live, our kids won't know the extent of our wealth, and we don't plan on sharing how much they will have until they are well into adulthood. I currently have enough in their 529 accounts to cover college (172K each that will grow over the next 18 years), and they do have an irrevocable trust set up. I plan on funding that over the next few years with the goal of them each having 1-2 million by 25 (and they will get control incrementally between 25-30). + +Even though I have a very high level of motivation and ambition to grow my business and make money, I have very little in terms of monetary needs. My wife is also the same. Despite making millions a year now, we spend about 10-12K/month (to be fair our house is paid off though). We have had practically zero lifestyle creep over the last 5 years. The majority of our increase in spending was as a result of kids. And out of that, 3.5K alone is for our kids preschool/day care. Once they are in elementary school that cost will go away. We have access to great public schools so there is no reason to pay for private school. + + I mostly care about spending time with my wife and kids. My hobbies are cheap, and I would be happy most of the time reading, playing video games, working out, traveling, and hanging out at home with the family. The only real splurge we have is travel and eating out. We do a fancy dinner once or twice a month, and do several trips a year (we fly coach and usually don't spend more than 3-5K per person on a 2 week trip). + +The biggest issue for me is that it is hard for me to disconnect from work. I am very disciplined about spending time with my family (I am always home no later than 530pm, I have dinner with my kids, bathe them, play with them, and put them to bed. I spend 100% of my time every weekend with my family), but I think about work non-stop and have a very hard time turning off mentally. When I go on vacations I always am putting in 3-4 hours a day (usually before the family wakes up) and can't remember the last time I went a full day without doing something work related. I sometimes feel like I should keep going indefinitely because the money is so good, but I already have more than I'll ever need and in a few years I'll have more money than I would know what to do with. + +I would love to hear from other professionals on this forum regarding if they just reduced hours or sold out completely. It is actually very hard to sell a law practice and the majority of the firm's value (besides its current caseload) would be my personal relationship with my clients. I just don't know if it is worth working for another 20 years just because it's a lot of money. I am already at the point where each dollar does little to impact my life. + +**Advice** + +I understand that I am in a very fortunate position and I have mentored dozens of lawyers over the years. I am happy and would be honored to answer any PMs and posts about advice for running a law practice. I'm also happy to chat on the phone or via email too (or if you are local, grab a beer). Just PM me. Even with all the stress, I can't imagine doing anything else as a lawyer and I think people unhappy at law should really consider this path. + +**Finally, I can verify any of this information with mods. So Mods, just PM me and I can send whatever you need for verification.** +Hey thetagang. So, when are you going to quit your job? + +Most of us sell options for that weekly or monthly income. Let's say we hit the jackpot one month, everytime turned out perfect and gained 10k, and we all think that our life long struggle is over and it's time to retire to a paradise island. How do you balance that out with the fact that we could easily lose 10k every month for the next 6 months? + +Do you have a 6 month emergency fund locked away? In that case, you have 6 months worth of money that you're not using to build even more wealth. It just feels like a massive step back. Maybe your entire account won't even pay for 6 months worth of expenses. + +Or maybe you'll just commit to an arbitrary number and say something like, "10k a month is all I need, and I'll move forward playing smaller and less riskier positions as a proportion of my overall account each time as long as I continue to make that 10k. If that's the case, you've just committed to stay stagnated for the rest of your foreseeable life, leaving a large amount of money on the table compared to if you had just continued playing as you usually do. + +Personally, I made my annual salary in the last 6 months, and I didn't get lucky buying some call option either. It was from steadily selling puts. However, there was 1 month where I didn't make any gains, and 1 month were I actually went into the red a little. That creates concern if I were to use this as my primary income for the rest of my life. + +I'm not asking for strategies to mitigate risk. There are a million and a half youtube videos that can tell me that. I'm just wondering about people's mentalities are, what you have to see in order to comfortably shift from "I'm doing this for extra money" to "I'm doing this to live off of without that 9-5". + +Thank you + The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession. + + +In taking the benchmark overnight borrowing rate up to a range of 2.25%-2.5%, the moves in June and July represent the most stringent consecutive moves since the Fed began using the overnight funds rate as the principal tool of monetary policy in the early 1990s. + + +While the fed funds rate most directly impacts what banks charge each other for short-term loans, it feeds into a multitude of consumer products such as adjustable mortgages, auto loans and credit cards. The increase takes the funds rate to its highest level since December 2018. + +&#x200B; + +[https://www.cnbc.com/2022/07/27/fed-decision-july-2022-.html](https://www.cnbc.com/2022/07/27/fed-decision-july-2022-.html) +###[The DApps are coming, the DApps are coming!](https://imgur.com/a/gKING) + +Chin up boys and girls – the DApps (Decentralized Apps) are finally coming. _**Utility**_, not speculation/manipulation/shilling etc., is what, in the end, will give/justify the value of blockchains. + +&nbsp; + +[Of the top 100 tokens, 91 of them are on the Ethereum blockchain (ERC-20).](https://coinmarketcap.com/tokens/) The most valuable non-Ethereum tokens by market cap are USDT (4) and GAS (25). Eventually, ICX (6), VeChain (3) and EOS (1) and several others will be migrating to their own blockchains. Still, this leaves Ethereum with an overwhelming market dominance for tokens (aka DApps) and Ethereum has been clearly recognized as *the* blockchain to launch ICOs/DApps. + +&nbsp; + +We have already seen several DApps successfully launch on mainnet including [CrytptoKitties](https://www.cryptokitties.co/), [Crypto Sportz](https://cryptosportz.com/), [Edgeless](https://www.edgeless.io/), [Etherbots](https://etherbots.io/), [Ethercraft](https://ethercraft.io/), [Etheremon](https://www.etheremon.com/#/), [Etheroll](https://etheroll.com/), [ETHLend](https://ethlend.io/en/), [Forkdelta](https://forkdelta.github.io/) (RIP Etherdelta), [0xBitcoin](https://0xbitcoin.org/) and [Ethlance](https://ethlance.com/) among others. Check out a whole list on [DappRadar](https://dappradar.com/) and track the progress of some lesser known, smaller projects on [StateoftheDApps](https://www.stateofthedapps.com/) (**Note**: I cannot vouch for all of these DApps. There have been and always will be scammers in the crypto space. **Please**, always do your own research!) + +&nbsp; + + + +For the rest of March + Q2 (April - June) we are going see **the biggest implementation of DApps on the Ethereum mainnet to date.** Below I’ve laid out, in alphabetical order and in varying detail, what’s happening between now and the end of Q2 of this year. (I’ve also added some info, where especially relevant, of big stuff coming after Q2). I hope any biases I may have do not come through too much in the writing. + +&nbsp; + +To hammer home on utility once more: One year ago today, the daily transaction count was at 57,000. Yesterday, the network confirmed over 752,000 transactions (a 13x increase) (And remember, ATH in January was 1.349 million txns!) [[Source]](https://bitinfocharts.com/comparison/transactions-price-eth.html#1y) + + +--- +&nbsp; + +###On to the DApps: + +&nbsp; + + +[**Airswap**](https://www.airswap.io/) + +[Subreddit](https://www.reddit.com/r/AirSwap/) + + +* AirSwap is a decentralized exchange for trading Ethereum based tokens. It allows its users to trade tokens in a peer-to-peer fashion across the Ethereum blockchain. The [token trader](https://trade.airswap.io/) is currently live, in a limited capacity, trading AST and (W)ETH. + +* More token pairs will be added before the end of the Q1, as part of the upcoming release, Token Marketplace. A mobile app is also in development and will be entering beta soon. + +&nbsp; + + +[**Aragon**](https://aragon.one/) + +[Subreddit](https://www.reddit.com/r/aragonproject/) + +* Aragon is a project that aims to disintermediate the creation and maintenance of decentralized organizational structures by using blockchain technology. "We provide the tools for anyone to become an entrepreneur and run their own organization, to take control of their own lives." Originally slated for a February release, Aragon Core v0.5 (which is a fully functioning version of the DApp on mainnet) should be released any day now. + +&nbsp; + + +[**Augur**](http://www.augur.net/) + +[Subreddit](https://www.reddit.com/r/Augur/) + +* Augur is a fully-decentralized, open-source prediction market platform built on the Ethereum blockchain for any and all predictive markets. Augur Beta is currently live on Kovan testnet and launch is “months away.” + +* In order to mitigate bugs and problems, the first market on mainnet will be something along the lines of 'Will there be a critical vulnerability discovered in Augur by a certain date?” Given Augur’s development history, this could be launching a little after Q2, but the progress looks promising. + +* **UPDATE (3/7/18)**: [Contract audits are complete](https://medium.com/@AugurProject/augur-weekly-development-update-march-7th-62ffd289420e) and the full audit report of augur-core will be released next week. "Some work still being down on UI, Augur Node, and additional screens." Next step is the bug bounty (first prediction market on Augur). + + +* **UPDATE (3/12/18)**: [Core security audit report is released](https://medium.com/@AugurProject/augur-core-security-audit-report-cd6b4060ccf3) following a four-month long audit by Zeppelin. Augur's contracts are ready to ship and "over the coming weeks we plan to release more details around a bug bounty program and market." + + +&nbsp; + + + +**[BlockCAT](http://blockcat.io/)** + +[Subreddit](https://www.reddit.com/r/BlockCat/) + + +* BlockCAT lets anyone create, manage, and deploy smart contracts on the Ethereum blockchain with just a few clicks. No programming required. BlockCAT will be releasing their first visual smart contract on the mainnet on March 14 (the full details of exactly what this contract does, will also be released when it goes live.) + +* **UPDATE (3/14/18)**: BlockCAT's first visual smart contract, [Tabby Pay](https://medium.com/blockcat/introducing-tabby-pay-9a014d69186f), has been released on mainnet. Tabby Pay is a smart contract that’s built to prevent user error - if you send Ether to the wrong wallet, you can cancel the payment and your Ether will be returned. + + + +&nbsp; + + + +[**Digix**](https://digix.global/) + +[Subreddit](https://www.reddit.com/r/digix/) + + +* Digix is a DAO (Distributed Autonomous Organization) and is composed of two main parts: DGD and DGX, both of which are ERC-20 tokens. + + * DGD is a governance token that allows holders to vote on proposals that are submitted for the growth of the Digix ecosystem and offers rewards to holders on the basis of their successful contribution to the Digix Ecosystem. + + * DGX is a gold-backed token and is slated for a public market release by end of Q1 2018. DGX is backed by physical gold on a basis of 1 token to 1 gram of gold. "DGX represents value on the blockchain that can be retained over time with relatively little volatility; giving it greater utility than Ether for a wide range of use-cases. Retail, Rentals, Salaries, Commerce, Lending, Wealth Management." + +* **UPDATE (3/13/18)**: [DGX will be launching on mainnet this week](https://medium.com/@Digix/digix-dev-update-13th-mar-2018-getting-ready-for-mainnet-kyber-network-exchange-ui-a4d5db6ead98) and Digix will be partnering with Kyber Network to be the first decentralized exchange to offer their asset tokens (like DGX) against ETH at launch. + +* **UPDATE (3/23/18)**: The [first couple thousand DGX](https://etherscan.io/token/0x4f3afec4e5a3f2a6a1a411def7d7dfe50ee057bf) have been created on mainnet and the marketplace opens on April 8. Prior to that, the KYC Whitelist will [open on March 26](https://digix.global/countdown.html) + + +&nbsp; + + + +[**Ethorse**](https://ethorse.com/) + +[Subreddit](https://www.reddit.com/r/Ethorse/) + +* Ethorse is a DApp for betting on the price of Cryptocurrencies and winning ETH from everyone who bets against you. Users bet with ETH on one of the listed coins or tokens to have the highest price gain in a fixed period. Currently live on the Kovan testnet, with mainnet launch before end of Q2. + +* **UPDATE (3/22/18)**: Ethorse has [launched a bug bounty](https://medium.com/@ethorse/ethorse-smart-contract-bug-bounty-adaf4205b886) to stress test the security of its smart contracts and they are estimating the DApp to go live on mainnet [no later than mid-April](https://medium.com/@ethorse/ethorse-project-update-march-19-2018-2d3a798e94a2) + + +&nbsp; + + +[**FunFair**](https://funfair.io/) + +[Subreddit](https://www.reddit.com/r/FunfairTech/) + +* FunFair is a decentralised gaming technology platform which uses the Ethereum blockchain, smart contracts and their own Fate (State) Channels to deliver casino solutions with games that are “fun, fast and fair.” FunFair has been on testnet for many months now and the [Showcase](https://showcase.funfair.io/) has been live for even longer. Currently on-boarding casino operators, FunFair is on schedule to launch with its first operator in early Q2. + + +&nbsp; + +[**FundRequest**](https://fundrequest.io/) + +[Subreddit](https://www.reddit.com/r/fundrequest/) + +* FundRequest is a decentralized marketplace for open source collaboration. It introduces an easy and secure way to reward bugfixes and feature builds on any project. The FundRequest platform will be going live on mainnet in Q1-Q2 and will allow users to fund and crowdfund open source issues on GitHub using the FND token. Developers can claim the FND token after they’ve successfully resolved the GitHub issue. Q2 will also bring the ability to use any ERC-20 token to fund Open Source Issues on GitHub. + + + +&nbsp; + + +[**Giveth**](https://giveth.io/) + +[Wiki](https://wiki.giveth.io/documentation/faq/) + +* Giveth is an Open-Source Platform for Building Decentralized Altruistic Communities. The first working prototype of their “Minimum Loveable Product,” the Giveth Donation Application, is live on testnet and they “expect to fully open the platform for the public in March 2018.” + +&nbsp; + + +[**Golem**](https://golem.network/) + +[Subreddit](https://www.reddit.com/r/GolemProject/) + +* Golem has branded itself as “the worldwide supercomputer.” Golem Brass beta will be releasing on the mainnet before end of Q2, allowing users to sell their computing power and earn real GNT for the first time. + +&nbsp; + +[**iExec**](https://iex.ec/) + +[Subreddit](https://www.reddit.com/r/iexec/) + +* iExec is a decentralized cloud computing platform that is blockchain-based. Using a decentralized cloud that connects users to one another it aims to tackle the current limitations of centralized cloud computing that are holding business and innovation back. + + * Launching in Q2, iExec 2.0 — Cloud Marketplace will include the full marketplace platform network, with the PoCo algorithm [(Proof-of-Contribution)](https://medium.com/iex-ec/about-trust-and-agents-incentives-4651c138974c) enabling the first decentralized cloud. + + +&nbsp; + + + + +[**Kyber**](https://kyber.network/) + +[Subreddit](https://www.reddit.com/r/kybernetwork/) + +* Kyber network is an on-chain protocol which allows instant exchange and conversion of digital assets and cryptocurrencies with high liquidity. Launched on mainnet in February and was at first only available to people on the ICO whitelist but has since slowly started allowing new user on the platform. Currently only has a few tokens listed but that list will continue to grow and will hopefully bring along with it a surge in daily users/volume. + + + +&nbsp; + +[**MakerDAO**](https://makerdao.com/) + +[Subreddit](https://www.reddit.com/r/MakerDAO/) + +* MakerDao is a decentralized stable coin project that is currently live on mainnet. It is composed of two main parts: MKR and dai (both are ERC-20 tokens). + +* MKR is a governance token: "MKR holders are the highest authority in the Maker system - they govern the system and benefit financially when they govern it well, but they also have to foot the bill if things are mismanaged - as a group they need strong social cooperation and a vigilant attitude towards governance." + +* Dai is a decentralized stable coin that is price stabilized against the value of the U.S. Dollar. Dai is used in conjunction with their Oasisdex decentralized exchange, and their CDP (collaterized debt position) margin trading platform to offer "a full solution for global decentralized finance where everyone gets to benefit from the massive economies of scale that become available when global finance is done right." + + * Currently, dai is only collateralized by Ether but multi-collateral dai will be released in Q2. This means dai will begin to be backed by gold (through [DGX]( https://medium.com/@Digix/partnership-announcement-makerdao-and-digix-dgx-gold-tokens-to-play-a-crucial-role-in-the-dai-8ed4c05b622c)) and other ERC-20 tokens. Maker is also looking into collateralizing more traditional investments, like real estate, in the future. + +This project can take a little time to understand, so here's a thorough [ELIM5 walkthrough](https://medium.com/cryptolinks/maker-for-dummies-a-plain-english-explanation-of-the-dai-stablecoin-e4481d79b90). + + +&nbsp; + + +[**Melonport**](https://melonport.com/) + +[Subreddit](https://www.reddit.com/r/melonproject/) + +* The Melon protocol is a portal to digital asset management on the blockchain. The frontend operates on top of IPFS, while the backend leverages off a set of Ethereum smart contracts. Melonport just launched on mainnet and they currently have a bug bounty with 500 MLN in it. In a few weeks, the current version will be shut down for fixes and a new version will roll out. Melonport: "Disrupting the US$84.9 trillion asset management industry, one block at a time." + + + +&nbsp; + + +[**OmiseGO**](https://omisego.network/) + +[Subreddit](https://www.reddit.com/r/omise_go/) + +* OmiseGo is the Plasma decentralized exchange, hosting an open-source digital wallet platform created by parent company, Omise, connecting mainstream payments, cross-border remittances, and much more. They just had their White Label Wallet SDK [public release.](https://blog.omisego.network/the-omisego-ewallet-sdk-is-now-open-source-fce7c61017e9) + +* In Q2, OmiseGO will deliver the OmiseGO network and lay the foundations in preparation for Plasma. In Q2 we will see the OmiseGO Proof of Stake public blockchain release, meaning staking will be possible. + +* (OMG’s cash in/out interface and the Plasma mainnet launch are scheduled for the tail end of 2018/early 2019. Learn more about Plasma from the most cheerful person I know, Karl Floersch, [here](https://www.youtube.com/watch?v=jTc_2tyT_lY&feature=youtu.be) + +&nbsp; + + +[**Request**](https://request.network/#/) + +[Subreddit](https://www.reddit.com/r/RequestNetwork/) + +* Request is a decentralized network that allows anyone to request a payment for which the recipient can pay in a secure way. The first iteration of Request working with Ethereum on mainnet is still on track to launch before March 31. The code for mainnet is currently being audited and when the audits are done, a bug bounty program will follow. + +* **UPDATE (3/16/18)**: Request is currently [undergoing its second smart contract audit](https://blog.request.network/request-network-project-update-march-16th-2018-mainnet-audits-bug-bounties-a-new-hire-2173b8903f5b), which will be followed by a bug bounty program. Request is still on track to be released on mainnet on/before March 31, 2018. + + +&nbsp; + + +[**Spankchain**](https://spankchain.com/) + +[Subreddit](https://www.reddit.com/r/SpankChain/) + +* A cryptoeconomic powered adult entertainment ecosystem built on the Ethereum network. Basically, a decentralized cam site (plus a lot more!) Launching on mainnet in Q2 is SpankChain Camsite v1 which will allow for ETH + ERC20 payments and public and private shows all while implementing a low 5% fee for performers (According to their [whitepaper](https://spankchain.com/static/whitepaper.bbff96f5.pdf#page=4), most adult camsites take between a 30-50% cut of performer earnings on top of payment processing fees). + +* **UPDATE (3/23/18)**: According to community manager Chase Cole, they are aiming to launch the camsite on April 2. + + +&nbsp; + + +[**status.im**](https://status.im/) + +[Subreddit](https://www.reddit.com/r/statusim/) + +* A mobile Ethereum OS. Currently in Alpha with mainnet Beta scheduled before end of Q2 (likely even sooner). + +* (Bonus: some other cool working Ethereum OS apps: [Cipher](https://www.cipherbrowser.com/), [Toshi](https://www.toshi.org/) and [Trust Wallet](https://trustwalletapp.com/) + +&nbsp; + + +[**Streamr**](https://www.streamr.com/) + +[Subreddit](https://www.reddit.com/r/streamr/) + +* Streamr tokenises streaming data to enable a new way for machines and people to trade it on a decentralised p2p network. The data marketplace will be [coming to mainnet by March 31.](https://twitter.com/streamrinc/status/976907510639747073) + + +&nbsp; + + +[**The 0x Protocol**](https://0xproject.com/) + +[Subreddit](https://www.reddit.com/r/0xProject/) + +* 0x is a protocol that facilitates trustless peer-to-peer exchange of ERC20 tokens. 0x protocol is free to use and allows anyone to create a decentralized exchange; we call these relayers. This isn’t a DApp, but allows for the creation of DApps. + +* A list of some of the DEXs, in varying states of development, that will be utilizing 0x: + + - [DDEX](https://ddex.io/) + + - [Dextroid](https://www.dextroid.io/) + + - [ERC dEX](http://ercdex.com/) + + - [Ethfinex](https://www.bitfinex.com/ethfinex) + + - [OpenRelay](https://openrelay.xyz/) + + - [Paradex](https://paradex.io/) + + - [Radar Relay](https://app.radarrelay.com/) + + - [Shark Relay](https://app.sharkrelay.com/#/ZRX/WETH) + + - [The Ocean X (previously called The 0cean)](https://the0cean.com/) + +&nbsp; + + +Also, an informative article about some of the differences between the various decentralized exchange protocols [here.](https://blog.airswap.io/the-lay-of-the-land-in-decentralized-exchange-protocols-55ed00feb3df) + +--- +&nbsp; + + +Some **general Ethereum** news to be excited about: + +&nbsp; + + +* Vitalik recently hinted, in a since deleted tweet, that the sharding testnet will be coming online in the near future (I think Q2 isn’t too early a guess). + + * What is sharding? Sharding is where the entire state of the network is split into a bunch of partitions called shards that contain their own independent piece of state and transaction history. In this system, certain nodes would process transactions only for certain shards, allowing the throughput of transactions processed in total across all shards to be much higher than having a single shard do all the work as the mainchain does now. [[Source]](https://medium.com/@rauljordan/how-to-scale-ethereum-sharding-explained-ba2e283b7fce) + +&nbsp; + + +* [Alpha Casper FFG testnet](https://hackmd.io/s/Hk6UiFU7z) has been successfully running since Dec. 31, 2017. + + * What is Casper? Casper FFG aka Vitalik’s Casper is a hybrid POW/POS consensus mechanism. This is the version of Casper that is going to be implemented first. In a Proof of Stake system, validators stake a portion of their Ethers and start validating blocks. Meaning, when they discover a block which they think can be added to the chain, they will validate it by placing a bet on it. [[Source]](https://blockgeeks.com/guides/ethereum-casper/) + + +&nbsp; + + +(To stay up-to-date on Ethereum research development, check out [Ethresear.ch](https://ethresear.ch/)) + + + +&nbsp; + + + +* [The Ethereum Community Conference (EthCC)](https://ethcc.io/) is March 8-10 in Paris. Talks will focus around “scalability, anonymity, development tools, governance compliance” among other topics. + + * Speakers include representatives from the Ethereum Foundation, Ledger, Metamask, Shapeshift, Oraclize, Uport, Web3Foundation, Melonport, ConsenSys, JP Morgan, Coinbase – Toshi, Parity, SpankChain, FunFair, Aragon, AirSwap, EEA, IExec, Cosmos, OmiseGO, Circle, Gnosis, among others. + + * **UPDATE**: EthCC was a resounding success! If you missed it or want to re-watch any of the talks, check out this [handy thread of videos](https://www.reddit.com/r/ethereum/comments/83mz5q/all_videos_from_ethcc_18_in_paris/), painstakingly culled and timestamped by u/alsomahler. + + +* [The Ethereum Developer Conference (EDCON)](https://edcon.io/) is May 3-5 in Toronto. This will be the biggest ETH dev conference since DEVCON 3 last November. The agenda is still being worked out, but speakers include representatives from the Ethereum Foundation, Polkadot, Parity, Plasma, OmiseGO, Cosmos, Tendermint, Giveth, Maker, Gnosis, and many others. + +* The Enterprise Ethereum Foundation (EEF) just keeps [growing and growing and growing.](https://entethalliance.org/members/) + +--- +&nbsp; + +###More, because I just can’t stop: + + - MetaMask recently passed 1 million installs! + - 5.6 billion requests per day for Infura.io (Decentralized web3 infrastructure) + - 280,000 downloads of TruffleSuit (ETH development framework) + + [[Source]](https://twitter.com/ethereumJoseph/status/963054611237167106) + +&nbsp; + +* [ConsenSys](https://new.consensys.net/) has grown to over 600 employees in six major offices located around the world. I personally think ConsenSys is important (and awesome) because they are huge Ethereum evangelists and provide (in)valuable resources to help bring DApps come to life! + + * From their website: “The ConsenSys “hub” coordinates, incubates, accelerates and spawns “spoke” ventures through development, resource sharing, acquisitions, investments and the formation of joint ventures. These spokes benefit from foundational components built by ConsenSys that enable new services and business models to be built on the blockchain.” + + + * Several of the projects I listed above are ConSensys formations including AirSwap and MetaMask. + +--- + +&nbsp; + + +Thanks for reading this far! Hopefully it wasn’t too exhausting of a read. + +&nbsp; + + +I am certain I have forgotten some DApps, so please feel free to comment/PM any and all suggestions/corrections to make this list more informative/inclusive/accurate and I will update it. + + +[TL;DR](https://imgur.com/a/gKING) +This may be anecdotal, but it felt worth mentioning. I went to a popular chain for a $57 new patient exam, cleaning, and x-rays. They found multiple cavities and I spent $600 on getting them fixed. I could only afford to do half of them at once, and was going to come back to finish on another day. + +In the mean time, I got a new job that offered dental insurance. So I went to a private dentist office instead to finish up the work. They said I had zero cavities or problem teeth. I went to a second office just to be safe, and they said the same thing. + +It seems pretty scammy to me. Just be careful. +This thread will be automatically stickied weekdays at 8:30am, and unstickied at 9:15am. + +Megathreads are now posted automatically based on a few factors, including: + +* Mentions by comment count, weighted by comment novelty and score +* Accounts of users mentioning, weighted by age, posting history, and previous mod actions +* Stock volatility, volume, and market cap + +This isn't an exhaustive list, but to prevent this from being gamed, we cannot share the exact weightings or specifics. + +These megathreads exist to consolidate conversation about interesting topics and make things easily accessible and enjoyable for all. + +**Please do your part in making these threads decent. Don't troll. Don't spam. Don't spread divisiveness (calling others shills / bots).** +I suppose this question is mostly aimed at those who worked long hour, high stress, high risk/reward careers to make it to fatFIRE. + +For some personal context, I (29M) am preparing to assume full ownership of the S-Corp that has been the source of my family's moderate wealth for a few generations. The transfer of the family business from my father to me is set to occur at the end of 2020. I've made it a point to check the right boxes in preparing for the generational business transition - I have an advanced degree in the company's specific business field, I worked for other companies early in my career to get outside experience in the industry before taking an executive role in the family business, and I have been working my ass off to get as much experience as possible in the business prior to the impending ownership transition - I effectively run it now. I have the respect of my management team and all are on board with and ready for the transition. + +Historical business performance is no guarantor of future success, but the business's average yearly profit (which, as an S-Corp, goes to my personal bottom line) after taxes is 7 figures on top of a comfortable annual salary (I live in a LCOL area, so money goes far). On paper, I am walking into a situation that many would kill for. + +Here is the plot twist: the field in which I have chosen to work tends to be cutthroat, intensely stressful, and requires significant work hours - and this is applicable for non-business owners in the field. Running a successful business in any field is tough; running a successful business in a highly competitive field is extra-tough. + +I am married with a young child, and both wife and daughter are the lights of my life. Due to work stress and hours, the past couple years have been tough on my marriage and have taken away from my ability to be the father I want to be to my daughter. My marriage is still solid and my daughter and I do have a special connection, but I've had to accept that the most important relationships of my life are not as easy to maintain as they once were and will continue to suffer somewhat due to aforementioned hours and constant business pressure I have chosen to accept. It is my choice to be where I am in life, but I do find myself envying my peers who work 40 hour weeks and have every weekend off with their families even though their net worth ceilings are significantly lower than mine. + +Despite my opportunity, I go through periods where I want to hit the proverbial "eject" button and work a "normal" job again, and then I feel guilty/crazy for thinking about giving up the opportunity of a lifetime. I was at a low point a year ago when I accepted and then canceled a couple interviews for low hour/low stress positions that would give me work-life balance with a comfortable salary and modest pension. + +My family is intentionally discreetly wealthy (at least in terms of its net worth), and I aspire to fit this mold. Neither my wife nor I crave extravagance, so the whole point of wealth generation for us is to create a comfortable retirement nest egg, quietly travel as we please, and provide for our kids (and any future grandkids) the kinds of opportunities that I was provided by my parents and grandparents. + +Conversely, we could be perfectly comfortable if I worked a "normal" job and still set up future family members for success with a combination of normal job earnings and inheritance money. In this scenario my retirement date would be further in the future, but the path to retirement would be much more leisurely/normal. + +I get that the above paragraph may seem ridiculous in light of the significant opportunity in my immediate future, but I suspect many of you who have walked in my shoes know the internal conflict I am feeling. I make it a point to explain to my close friends who know my personal situation that the path I am taking is not full of sunshine and rainbows. Choosing to pursue wealth at the expense of physical/emotional health and deeply important personal relationships is somewhat dubious - and I have seen firsthand that this is often the cost of accruing wealth, at least to some extent. + +My specific situation differs from many of those in the fatFIRE community, but the overall equation of Business Opportunity + Long Hours + High Stress Work + Near-Mid Term Personal/Relational Sacrifices = potential for fatFIRE holds true. I would love to gain some insight from those who have "made it" - was/is the end worth what the journey took from you? What kept you going? Any regrets? What would you do differently if you started the process over? + +Thanks for the read. + +Edit 1: A sincere thank-you to all for the great replies and discussions to date. You all are a thoughtful lot. +⏳**Read Time =** 11.6 minutes + +\--- + +**Disclaimer:** *This is not financial advice. This is independent research. Please do your own research and invest your own way. This is not a prediction about the future stock price - this is my estimate of what the intrinsic value of the business is. I have not written about, or valued, this company previously. I do not own shares in this company.* + +\--- + +**A young, rapidly growing brewer, distiller and bar operator. Can they stay "punk" while attempting to mature and achieve scale?** + +[BrewDog Plc. Logo](https://preview.redd.it/q457ny7otx361.png?width=1024&format=png&auto=webp&s=da34023e662c4153925100a0cf03b9d7ed90d5a9) + +## The Company - [BrewDog Plc.](https://www.brewdog.com/) + +## [BrewDog](https://www.brewdog.com/), founded in 2007 by James Watt and Martin Dickie (who still run the business together and own a combined 46% of the equity), is a Scottish brewer and bar operator. They make and sell their craft beers to both the on and off-trade markets.  + +Despite still having their headquarters in the off-the-beaten-path Ellon, Scotland, they have grown internationally. Mainland Europe now accounts for \~14% of revenues and North America for \~9.8%. But, the UK is still their bread-and-butter with almost ¾ of revenues coming domestically.  + +[BrewDog](https://www.brewdog.com/) rose to prominence on the back of their [original new-world style IPA, Punk](https://www.brewdog.com/uk/punk-ipa-4-x-can). It is still their biggest and best seller and is the top craft beer by sales in the UK. Over the years, [BrewDog](https://www.brewdog.com/) fleshed out their offering with a host of other beers including [Elvis Juice](https://www.brewdog.com/uk/brewdog-elvis-juice-us-4-can), [Dead Pony Club](https://www.brewdog.com/uk/dead-pony-club-4-x-can), [Lost Lager](https://www.brewdog.com/uk/lost-lager-4-x-can) and the alcohol-free beer [Nanny State](https://www.brewdog.com/uk/nanny-state-4-x-cans). The company has more recently begun developing and [producing their own spirits](https://www.brewdog.com/uk/shop/spirits). + +The company has expanded rapidly and consistently over the past 10 years. Topline growth has averaged \~60% p.a. In that time as revenues climbed from £3.3m in 2010 to £214.8m last year. But, this growth hasn’t been cheap. In order to fund this, [investors have ponied-up almost £237.5m in equity through 10 separate funding rounds](https://craft.co/brewdog/funding-rounds). The company also has taken on £123.7m in senior fixed financing obligations - of which leases are far-and-away the vast majority, making up almost £106m, while they also owe £18m in bank loans and non-convertible bonds (paying a 5% cash and 1% beer coupon (!!)).  + +Because breweries and bars take up a lot of physical space, property leases were always going to be the biggest individual part of their asset base. But, the problem is that large fixed costs - the company owes almost £3.7m in annual imputed interest payments on their debt and leases - are difficult to cover for such a young and growing business. These large commitments and the lack of profitability are partly offset by their access to deep pools of diversified capital. As such, we have rated the company’s debt B1/B+ and given them a 32.7% chance of significant financial distress. + +[BrewDog](https://www.brewdog.com/) has a great number of direct and slightly-more-indirect competitors. Their most direct competitors in the UK craft-beer industry are the London-based Beavertown and Camden Town Breweries. More indirectly, though, they are competing with huge multinational brewers such as AB InBev, Diageo, Heineken, Asahi Group and Molson Coors.  + +As the brewing industry has such enormous fixed costs, scaling is the aim of the game. The industry attracts a lot of M&A as the big swallow the small to get bigger and reduce operational leverage. [BrewDog](https://www.brewdog.com/) is now Europe’s largest craft beer brand by revenue (although how can you simultaneously be the biggest and still be craft?), is the UK’s largest craft-beer bar operator, and Punk IPA is the UK’s most bought independent craft beer. + +So far, 2020 has been a challenging year for [BrewDog](https://www.brewdog.com/). During the height of the UK lockdown, James stated that it was “50/50 whether the business could survive” but that “despite the difficulties, we have managed to weather the storm better than expected with very strong grocery sales and very strong online sales compensating for the temporary closures of our bars and the closure of our on-premises wholesale channel. + +In October of this year, the company launched [another equity capital raise for up to £7.5 million worth of New B Shares (with an over-allotment facility for up to an additional £50 million) at a subscription price of £25.15 per New B Share.](https://www.brewdog.com/uk/equityforpunks/tomorrow-raise/welcome) The company currently has 43.79m A Shares, 13.35m B Shares, and 16.16m C Shares outstanding. All share classes have equal voting and distribution rights, except the C shares have an inbuilt liquidation preference attached. They have signalled that their next capital raise will take the form of an IPO. + +\--- + +## 📖 The Story - “Nobody Likes It When You’re 23 & You Still Act Like You’re in Freshman Year” 📖 + +## [BrewDog](https://www.brewdog.com/) is a young, rapidly growing business. They’re moving quickly and trying to remain ‘punk’ while simultaneously attempting to mature and achieve scale. + +The global craft beer market is forecast to be worth $502.9b by 2025 and is growing at 19.9% p.a. **(1)** [**BrewDog**](https://www.brewdog.com/) **is not only growing with this trend but is also expanding into new product lines and additional markets. Continued rapid expansion (new breweries and bars) and the power of their brand and marketing will help the company continue to capture market share albeit at a less break-neck pace than historically.**  + +The company will have problems balancing their obsessively punk and craft identity with the increasing size and scale of the business. **(1) This identity and their branding are what made them special, but it is difficult to maintain this image when you go mainstream.**  + +In addition, international competition will be much more intense than locally where [BrewDog](https://www.brewdog.com/) had some first-mover advantage, used clever branding and a powerful marketing strategy to scale quickly. This will be much more difficult to replicate in other markets where this style has already been done (think of North America), or where local tastes and competition are already ingrained and expert (think of Belgium and Germany).  + +Over time, as the business grows and develops, economies of scale will reduce the amount of operational leverage. **(2) Their planned closed-loop approach to brewing and zero-waste “tomorrow” bars will reduce wasted input costs and byproducts, and boost margins. There will be some downward pressure on pricing from their large competition and the perception shift as their beer becomes mainstream.** The company thinks that their **(2) sustainability strategy could boost demand and pricing power for their beer, but we think this will instead become an industry norm and customer expectation.** + +The company also has larger employee costs than their competition because of novel and attractive policies such as their real living wage, unicorn fund (10% of profits go to employees) and “pawternity” leave (you get a week of paid leave if you adopt a new puppy). **(2) The labour-intensive nature of what they do means labour will always be an outsized cost, but these policies will make it difficult to generate** ***excess*** **profitability.**  + +These opposing forces will balance each other out and we expect the business to eventually achieve **(2) industry average profit margins across both the bar operation and brewing businesses.** + +To continue growing and eventually achieve this scale, the company needs to continue reinvesting substantially. They will continue **(3) opening new breweries, new bars, investing into R&D for new products (spirits, ciders, packaging) and significant CAPEX for backwards integration and driving operational efficiencies through the existing estate - they want to do everything from their own hop-farming to brewing, to bar operations.** There is a very small possibility that [BrewDog](https://www.brewdog.com/) eventually moves to a landlord/franchise-style business model (ala Greene King or Youngs). + +They have **(3) not signalled a desire for getting involved in any other meaningful acquisitions, but these are not totally off the cards.** With that said, they have signalled that their **(3) next capital raise will be through an initial public offering (IPO).**  + +**(4) Marginal investors in the company’s equity are already many and are assumed to be diversified.** Although the illiquidity of the shares *could* attach an additional illiquidity premium to the cost of equity, we have mostly ignored this as the firm’s next move, likely within the next few years, is to become publicly traded, and the already small allotment sizes are conducive to diversifying away idiosyncratic risks.  + +\--- + +## 📝 The Valuation Model Inputs, Summary & Outputs 📝 + +## Inputs & Links To Story + +>**(1) Growth:** New bars and breweries and entering new markets.**(2) Margins:** Scaling-up to eventually reach industry weighted averages.**(3) Reinvestment:** Huge amounts of organic reinvestment required.**(4) Capital Costs:** Increasingly global brewery and bar business with lots of operational leverage. + +## Valuation Model Summary + +[Figure 1: Valuation Model Output Summary Sheet](https://preview.redd.it/vuynl5hstx361.png?width=1456&format=png&auto=webp&s=d66b4b52a11607f523a87a6f01e0619a9ff15ca5) + +## Valuation Model Output: + +>**Estimated Intrinsic Value/Share =** £22.14**Current Asking Price/Share =** £25.15**Price/Value (%) =** 113.6%**Over/Under Valued (%) =** \+13.6% + +\--- + +## Monte-Carlo Simulation & Scenario Testing + +[Monte-Carlo Simulation](https://en.wikipedia.org/wiki/Monte_Carlo_method) is used to model uncertainty. This is done by assuming that the Inputs to the Valuation Model (above) will come from probability distributions around our estimates. Values are then picked randomly from these distributions millions of times, put into the Valuation Model and the intrinsic value re-calculated and recorded each time. + +## Input Distributions For The Valuation Model + +>**(1) Medium-Term Growth Rate ->** [Pert](https://en.wikipedia.org/wiki/PERT_distribution) Distribution**(2) Mature Operating Margin ->** [Uniform](https://en.wikipedia.org/wiki/Continuous_uniform_distribution) Distribution**(4) Cost of Capital ->** [Triangle](https://en.wikipedia.org/wiki/Triangular_distribution) Distribution + +## Output Distribution Of Intrinsic Value/Share + +&#x200B; + +[Figure 2: Monte-Carlo Simulation Output Distribution of Intrinsic Value\/Share](https://preview.redd.it/h89x5ytutx361.png?width=279&format=png&auto=webp&s=5bbd96fc9088e2c446078a6d4d87753795aa21d7) + +In **98%** of scenarios, each share was worth: **£5.81** \- **£43.07**. + +\--- + +## Asking Price & Simulation Rating + +## Monte-Carlo Simulation Rating + +>**Current Asking Price/Share =** [£25.15](https://www.brewdog.com/uk/equityforpunks/tomorrow-raise/welcome)**Estimated Intrinsic Value/Share =** £22.14**Monte-Carlo Price Percentile =** 78th + +In **78%** of scenarios, each share is worth less than the price.In **22%** of scenarios, each share is worth more than the price. + +## Rating: Reduce + +\--- + +**Do you like this content and would like to see more?** +💌Substack = [https://valuabl.substack.com/](https://valuabl.substack.com/) + +**Do you have questions/comments?** +Please keep them specific, constructive and non-hateful. If you DM me, I will reply. + +**Do you disagree with my analysis?** +Let me know why. I am happy to discuss/debate 1-on-1, but being attacked/trolled makes me sad. + +**Do you like this work and would like to see more?** +Let me know in the comments, or send me a DM. + +Peace and love, until next time. +Edit: Thank you all so much for the thoughtful responses, everyone. I really wasn't expecting all the feedback. Many of your comments have helped me re-think my planning around this a little. While I'm committed to leaving my job, I am open to the idea of generally staying in the industry and working at a job that pays close to what I make now (i.e. up to $30K pay cut below), instead of taking a much lower paying job like I was originally thinking. The strongest itch isn't necessarily to travel or take time off - I'm neutral on that, actually - it's to find meaningful and impactful work, and I'm willing to take a pay cut for that. But you all have made me consider just how much of a pay cut I should be willing to take and how to be most careful with my decision. Thanks again - I will respond to specific responses this weekend! + +Happy to share specifics about my savings and financial strategy so far / any thoughts for what they're worth - feel free to message me privately. + +---- + +Hi there. 25F in HCOL area, with a finance job that pays about $130K before taxes. I’ve been fortunate enough to not have student loans coming out of university, and (personally believe) I have also saved fairly well since I started working three years ago. My total net worth at this point is around $240K, all-in of cash, investments, vested company stock, and retirement accounts. Could probably be higher given my salary, but also feels like an okay place to be so far.. + +I’m thinking about 1) quitting and taking time off to travel, volunteer and reflect on what I want to do; 2) finding a job afterwards that is more satisfying than what I do now - which will likely pay less in a separate industry. Likely I would take 3-4 months off, with another 3 months of buffer to spend actively finding a job. + +I’m torn between wanting the financial flexibility that FIRE provides, and with wanting to have saved properly— and wanting time to properly reflect on my career and decisions I make, and having a job I find meaningful and not just a way to retire early. + +In your view, what are pros and cons to the approach? All feedback is appreciated! +Here's his article https://thegoldforecast.com/video/silver-benefits-redditt%E2%80%99s-wallstreetbets-forum-there-more-story + +My email to him. +Hi Gary I have read many articles similar to Yours in the past day that reddit users are behind this silver push. I'm sorry to say this is not the case. I understand you implied that according to CNBC reports it isn't understood whether it is longtime reddit users or perhaps larger organisations at play here. I don't consider myself a long time user but I joined the community at a mere 1.8m members. That number in the few months I have been a wallstreetbets member has ballooned to 8milion+. I would urge you to check out the site and see for yourself the overwhelming sentiment that silver is simply a distraction. We love GME stock, we are not bored of it and the due diligence shows evidence that an extraordinary short interest DOES still exist for it. It would be wonderful to see a detailed article on this and I'm CERTAIN this would attract a lot more attention and clicks than another WSB LOVES SLV article. I'm not trying to demean your work in any way. +Hope you have nice day, all the best. +Yours, Jordan. + +P.S I really appreciate that your email address is on your article because even if I don't get a reply it makes you seem very easy to contact... A feature not shared with a lot of journalists. So thank you! + +His response: + +jordan + +Thanks for your email. I want to report the truth as accurate as possible. So your email helps me clarify what is really going on. I did join the site over the weekend. + +Gary Wagner + +Let's send journalists some love and welcome them because we need all the help we can get against MSM + +Edit - I've had quite a lot of messages concerning WSB's interest in silver dating back from long ago, long before I was a member so I just wanted to clarify something. +Here is a clarification : +I wanted to reflect the disparity between how few silver posts I was seeing on wsb in and around the time of the media hype and how so many media outlets were pushing the " WSB's next target is silver!" agenda. Of course this community is so big that there must be lots of diversity and it was a little ham-fisted to suggest nobody on the sub is buying silver. The important point in my mind was that MSM as I saw it had blanket reported something about the subreddit I believed was an inaccurate representation of the real sentiment. +I'm a business analyst with almost 2 years of experience, and just got offered 55k EUR gross in Luxembourg. It's definitely better than my current job in Eastern Europe, however is this salary good for the local job market in Luxembourg? From what I could research it seems average or below average, I want to know so maybe when I'm there I can look for a big raise or change to a different company in 1 year or so. +Saw this news today. Buffet is value investing god father for a lot of people include me. But this is not feeling good, this feels like insider trading. I feel this should investigate by officials. Any thoughts? +As the title says now that we are under 50k people are waiting to buy under 40k. People always panic to buy when market is at extreme fear while the **extreme fear** is what we wished for when market was pumping like crazy. + + +Every 40-50% correction people panic to buy thinking what if it’s a bear market then I can buy way lower than that. These are the people who always ask for the **Dip Dip** but never bought the dip. When it's actually arrived. If you are here for long term every correction is a huge opportunity we were asking for when market was extreme greed. I don’t know if it’s a bear market or not but I know it’s a good opportunity to buy low. +Hi Guys, I am an 36 year old single mom of 2 girls that has been struggling to make ends meet lately. + +Details: + +I make $16.50 an hour as an Office Manager in S.FL + +Rent is $1400 + +$60 for internet and cable + +$365 car insurance (I am currently looking for a lower quote, but don't think that I will have the down payment that they will ask.) + +$279 health (my company does not provide health insurance, so I have to pay on my own for my kids and I) + +$120 cell phone + +$340 a month for child care + +Not to mention groceries and pull ups for the toddler (I try to keep it under $300 a month) + +My youngest one's father was giving me $150 a week, but he had a terrible car wreck in March and he is currently rehabilitating so he is unable to work as a truck driver and hasn't been able to give like he used to. + +With all this, I always seem to end the month in the red and feel like I am drowning with no where to go. I spend my nights and free time at work looking for employment that pays more, but haven't been having any luck! + +Any advice would be greatly appreciated. +Background. We live in California. Recently we have decided to sell the house. The market is hot and the interest rate I believe is down to 2.5% give or take a few on a 30 year fixed. I offered to give her the listing and she came back stating that she would like to buy. Obviously now she no longer has my best interests at heart. + +In general a buyer wants the lowest price and a seller wants the best price putting us at a conflict of interest. The bright side is we wouldn’t have to pay realtor fees. + +The house itself is 1259 square feet, 3 bedroom, 2 bath, built 1985. Another thing to consider is there is 1/3 of the houses that are typically available in the area, around just 4%, causing people to overbid a decent amount. + +Here’s where I am at, there are things that need to be fixed that we can spend pennies on the dollar to increase the value by several thousand, an example is we sanded down the cabinets and we now need to buy new doors and paint. To which they are proposing that we don’t fix those things and let them do it. (Obviously their benefit). I have no problem spending 1k to make 4K more. + +Also, a house similar to ours sold for 390,000 on the street directly behind ours at the beginning of July, to which interest rates have dropped further since. + +Fun exercise for thought- +I realize that if we somehow reached an agreement that would potentially save me 22k in realtor fees if the house was priced at 390k. (Not saying that’s the price, but for sake of discussion) + +MY TENTATIVE GAME PLAN +We are going ahead as if they are not the buyer and getting the house ready for the market to make sure the house gets the most bang for the buck. I’m thinking that the best way is to put it on the market and give them first priority to match the highest bid, because if we didn’t put it on the market then we would be missing out on the potential of people overbidding. Then if they did want to match it then that’s when we could figure out the best way to meet at a fair price. (SUGGESTION???) + +My questions are essentially + +1. How do I now navigate that we get the best possible price? + +2. At what point would the waving of realtor fees benefit us/them as far as purchasing price? +(It doesn’t make sense to drop the price to 370k to benefit just them because they would be paying the 390k anywhere else.. middle ground maybe??? Split the difference? + + +Add on- +To be clear I would not be saving 6%. They want to take that number off the top and buy the house at that price. + +market 390k +Commission 23,400 + +She wants to pay 366,700 + +She wants to essentially gain 24k equity because she is still doing all of the work. + +Edit-add on +I won't take much of your time and just list the reasons as to why you should invest in HappyCoin: + +* 4 days old; you are very early! +* Holders and price are increasing every hour; currently at $21M market cap and 23,000 holders. +* Main focus is raising funds for issues involving mental health +* 2.5% of transaction fees are kept for charity purposes while another 5% is redistributed to holders. You basically get richer just by holding while being charitable as well. +* Lead Dev revealed himself in [Twitch](https://www.twitch.tv/videos/997277469) wherein a donation of $20k was made to an organization which help grieving children cope with the loss of a family member. +* Social media influencers with millions of followers are promoting $HAPPY, this will lead to even bigger celebrities knowing about it and eventually shilling it. +* Very active and fast-growing community. Join us at r/thehappycoin and [telegram](https://t.me/happy_coinTG) +* Last and definitely not the least, look at that attractive [website](https://www.thehappycoin.co) + +HappyCoin is getting more and more traction everyday. No other BSC token has grown this fast, be an early investor and get in before we get to even bigger exchanges. Check it out and remember to always do your own research. + +**Website:** [https://www.thehappycoin.co/](https://www.thehappycoin.co/) + +**Chart:** [https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +**Pancakeswap:** [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +**Telegram:** [https://t.me/happy\_coinTG](https://t.me/happy_coinTG) + +**Subreddit:** r/thehappycoin + +**BscScan:** https://bscscan.com/token/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +🙂 Don't know how to buy? Click [Here](https://www.reddit.com/r/thehappycoin/comments/mycraj/how_to_buy_happy_happycoin_s_quick_guide/?utm_medium=android_app&utm_source=share) +Fellow Apes, I have seen a lot of discussion on the possibility of hedge funds covering and whether or not they could have covered during the RH shutdown. I have done some analysis and would like to shares my results. This is not investment advice and should not be construed as such. + +I know you guys can't read, but I highly recommend learning how to read and reading this.🚀🚀🚀 + +**Part 1: What Happened on the 28th?** + +As we all know, last Thursday on the 28th RH and other brokerages disabled the purchase of GME shares at a critical moment that very well may have been the beginning of the squeeze. This is a significant day because it broke momentum, and many users seem to believe that the hedge funds planned this moment to strategically cover their short positions. + +[Here is a graph of the 28th with some of my analysis](https://imgur.com/a/XyG9sfV) + +[Here is a tweet from Ihor (S3) stating the short interest data as of the 28th](https://twitter.com/ihors3/status/1355194252674953219?s=20) + +Per S3, Short Interest was 62.9M as of the 27th and 57.8M as of the 28th. The net SI is (57.8M)-(62.9M)= -5.08M. This means the net short position reduced by 5.08M shares, however, many users claim that hedge funds may have used this opportunity to shift their short position higher so that they could minimize losses by covering on the way back down. + +Well lets say that's what happened, and lets assume it was carried out flawlessly. We will also assume this happened in a vacuum, i.e. retail did not contribute to any volume, so that we can get a liberal estimate. + +To establish a short position at a higher price, hedge funds would be borrowing to short sell shares for the first 30 minutes as the price quickly rose to $482.85. If the entire volume during this period of time was hedge fund short selling, than they would have opened 15.8M more short positions. ~10M in volume happened in the first 10 minutes, so at best they would have 10M more shares sold short between $275 and $350, and the remaining 5.8M positions would be opened between $350 and $480. + +This means that if shorts added to their position at this time, the best they could have done is add ~15.8M short positions at an average ~$300. This is assuming **no covering** was done during this period of time, which is highly unlikely considering the price **went up.** + +Now, during the freefall following RH trade restrictions, there was only 10.4M in volume. If hedge funds used this moment to cover old positions at a reduced price, they would have only been able to cover 10.4M positions, and 5.7M of those positions would have been covered at a cost greater than $300, only 4.7M could have been between $300 and $112. This is a minuscule amount of covering despite the ideal period of time, and it doesn't even account for that fact that **covering would drive the price up, not down.** + +Lastly, after the nosedive there was a bounce of ~9.2M in volume. If we were to assume hedge funds were again able to add more short positions here to transition into a better average, they would only be able to add 9.2M at an average of ~$250. Once again, however, adding positions would have drove the price down, not up. + +So even in the most ideal situation using RH's restrictions and ignoring market mechanics, shorts would have only been able to add 25M ideal short positions at an average of ~$280, while covering only 10.4M at exorbitant costs. + +This likely didn't happen, for several reasons. + +First, S3 reports that short interest decreased by 5M on the 28th. Now of course there is plenty of volume to cover after the first half of trading, however, they would be at non-ideal prices. + +Second, this theory is impossible because when shorts cover en mass, the price would increase not decrease, and when shorts sell en mass, the price would decrease not increase. + +Third, this is assuming that 0 volume was from retail investors trading between eachother, also highly unlikely given the hype at the time. + +Fourth, in order to sell something short you need to borrow a share, and we know that, at that time, GME was **hard to borrow.** + +What is more likely is the **inverse** of the above, which would mean shorts covered 15.8M shares at an average cost of $300, then short sold 10.4M shares at an average of $250, before further covering 9.2M at an average of $250. **Despite ideal circumstances, that is not an ideal result for hedge funds.** + +That means hedge funds **are not** kicking back and counting stacks after swapping their positions to $480 sell points, that would be impossible. + +**Part 2: What About Last Friday?** + +Now this was an important day, GME fought hard and closed at above $320. What makes this day confusing, however, are the claims that short interest drastically decreased. + +[Here is a chart of the 29th with my analysis](https://imgur.com/a/nU0JOXs) + +[Here is a tweet from S3 claiming short positions decreased by 30M shares by the end of Friday](https://twitter.com/ihors3/status/1356018482471718916?s=20) + +Now I won't get into detail about the other factors that call this claim into question, you can look into those on your own. What I want to go over is **how could it be remotely possible?** + +S3 claims 31M shares were covered on the 29th, however the share price had a net decreasing trend. There were only 2 notable upward rallys, and combined they only account for 24M shares. If hedge funds covered the whole 24M in volume it would still be 6M shares off and thats not even accounting for retail investors trading between themselves. Where did the other 6M shares go? I find it hard to believe they could cover 6M shares with no significant upward momentum while retail investors were buying shares in a frenzy on friday. + +[Also note that Short Volume was 17.6M on Friday](https://fintel.io/ss/us/gme) + +So on Friday there was 50M in volume. 17.6M of that volume was due to shares sold short, so SI would be (57.8 SI as of the 28th)+(17.6M shares sold short) = 75.4M. In order for short interest to have decreased to around 27M as [S3 said](https://twitter.com/S3Partners/status/1356317744300490752?s=20), it would have required the covering of (75.4M)-(27M) = 48.4M shares. **How do you cover 48.4M shares when there is only 50M volume and 17.6M of that volume was used to ADD SHORT POSITIONS?** + +**There simply was not enough volume to cover a net 31M shares. At most, 32.4M shares TOTAL could have been covered if EVERY single purchase of GME was by a hedge fund with a short position, which would make SI (75.4M)-(32.4M) = 43M. It is highly unlikely that not a single retail investor, insider or institution purchased GME shares on Friday, so the actual SI is likely much higher.** + +Furthermore I want to draw attention to **other times shares were covered** and their effect on the price, and you tell me if hedge funds could cover 31M NET shares last Friday. + +[S3 claims](https://twitter.com/ihors3/status/1355249817048522755?s=20) that from Jan 12th to Jan 14th, the SI went from ~69M to ~62M, a decrease of 7M shares. On the 12th GME was worth $20 and by the 14th we saw a high of $43, an &gt;100% increase. + +They then claim that from the 14th to the 25th, there was a slight steady increase in SI as the share price crawled towards $50. From the 25th to the 27th there was literally **exponential growth** in the share price **despite no change in SI**. But then, all of a sudden, on the 28th there is a net decrease of 5M short positions and a significant reduction in price, and on the 29th there is a net decrease of 31M shares along with a steady decline in price. How could that be remotely accurate? + +There was 50M in volume on the 29th, how could the purchase of &gt;31M shares by a single entity, not even accounting for retail, result in a net decrease in share price? + +**Part 3: How Could They Do It?** + +[Read this post, and the sources within it, in detail](https://www.reddit.com/r/wallstreetbets/comments/ld5rd9/evidence_pointing_to_shorts_did_not_cover/?ref=share&amp;ref_source=link) + +Shorts can use deceptive options trades to trick you and other short interest analyzers into believing they have covered **when they have not** + +There were $43M worth of mid March 800c purchases, you do the math. + +Why was their a silver rush pulled out of thin air on monday? Why is the media still aggressively spreading FUD? Why are there bots everywhere in WSB? Shorts haven't covered, they can't cover and they wont. They also **did not** shift themselves into an advantageous short position last Thursday, there was only 19M in short volume total and minimal volume during ideal circumstances. They want you to think they covered, they also want you to think they have a better short position. + +They want you to think this is over because there may not be enough shares for them to cover even if they wanted to. If there were they would have repositioned on Thursday. Brokerages restricting buying for retail investors was likely due to the fact that shorts couldn't find the shares to cover, nor could they find enough shares to reposition. They really need your shares and want to funnel them away from retail. + +TLDR: Seriously, read this whole thing. I know you won't, but do it. Hedge funds did not transition to better short positions during the RH fiasco last Thursday, it would have been impossible to do so in meaningful amounts. They also did not cover 31M shares last Friday, it would have been impossible based on volume alone. They want you to think they did, they need you to, but they did not. + +Disclaimer: I am not a financial advisor, nor am I licensed or in any way qualified to dictate or advise your trading decisions. This is not financial advice. This analysis is not meant to influence, inspire, or inform you regarding your trades. This analysis was written purely as speculation and could be entirely incorrect. I found my own analysis interesting and wanted to share my unprofessional opinion. Furthermore, while these numbers are accurate as per their sources, they may not account for other factors that relate to the stock’s activity. I own shares of GME. + +Monke Storng Together🦍, Memestonk to the Moon🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: [Fintel has since altered short volume data](https://www.reddit.com/user/RubinoffButtChug69/comments/lfdcv1/fintel_changed_their_short_volume_data_after_my/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) +I used part of my rent money (have to pay late now) to go to the doctor, because I thought I really needed to and that getting out of pain would be worth the sacrifice. I have had 8-10 canker sores in my throat and all over my mouth nonstop for the past few months. I don't ever have normal, non-painful days anymore. + +Well, I finally gave in and went to the doctor. Even the low income clinic here is a $60 visit. She gave me no answers. She told me it's stress related. Well, yes, I'm poor and stressed and that isn't something I can control or fix right now. No solutions, but I still have to pay 60. + +This isn't the first time I felt like going to the doctor was fruitless. I'm to the point where I don't think I will ever go back to the doctor unless I am throwing up blood. It's all so useless. + +So, my fellow poor friends, what's your red line? When do you decide it's time to see a doctor? I'm feeling like a fool right now for going. +If you have the habit of getting someone withdraw money for you using your ATM card, be warned. If something goes wrong during the transaction, you will lose the money and the bank will not be responsible for it. The sole reason being the fact that you have shared the PIN, which is non-transferable, and hence violated the norms the bank had set for card users as no person other than the account holder should use it. + +https://facelesscompliance.com/13331/husband-cannot-use-wifes-atm-card-sbi +I see many people are upset about Coinbase and their insane transfer fees so I thought I would make a simple instruction about how to transfer Bitcoin outta Coinbase for free. Lets get to it! + +1. Go to GDAX.com and log in with your Coinbase account. GDAX is owned by Coinbase, and it’s their platform for more technical people. + +2. After you logged in, verify your account if necessary. + +3. Press the “deposit” button and then deposit your Bitcoin from your Coinbase wallet. It’s free and takes only seconds. + +4. Press the “withdraw” button, then open the “BTC address” tab and put the address you wish to send your bitcoins to in there. + +That’s it! You have sent your bitcoins to another address and avoided some serious fees. + +Please upvote if you found this useful so more people can see it. :) +Here's the crucial paragraph: + + +>But suppose you, personally, decide to cut back on your meat consumption. +> +>As demand for meat falls, the price of meat will fall. As we’ve seen in the past, Americans on the whole [eat less meat when it’s expensive and more when it’s cheap](https://www.vox.com/2016/8/18/12248226/eat-less-meat-campaign-fail). That effect will be even more pronounced in poorer countries like China, where meat consumption is [clearly constrained by income and has been surging in recent years](https://www.motherjones.com/environment/2018/07/the-chinese-are-eating-more-meat-than-ever-before-and-the-planet-cant-keep-up/) as the country gets richer. + +[source](https://www.vox.com/2018/11/27/18112540/what-can-we-do-to-stop-climate-change) + +Something doesn't seem right, because by that logic, if demand for meat increases, then meat prices would go down? Or in a similar vein, as electric car sales go up, gasoline consumption would also go up? + +I think initially consumption of meat might go up (because of oversupply), but eventually the meat supply will adjust and prices will stay the same (if not higher than they're now, since the economies of scale effect reduces). +Many people living the FIRE lifestyle have some sort of passive income or side hustle that brings in additional revenue beyond the 9 to 5. + +What do you do to bring in extra cash? How did you get started with that side hustle? Would you recommend others take up the gig? + +Edit: a side hustle isn't key FIRE but a lot of people partake in something to bring in additional revenue, so I just want to learn about what people are doing to bring that in. Not everyone makes $100k+ from their day job. + + +MyPayRollHR, a payroll processing provider with about 4,000 small to mid-sized business customers, suddenly closed late last week. In response, the banking system went haywire and began taking funds from employees at many of these firms. Previously deposited pay was removed from their personal banking accounts, or "reversed." Not once, but twice and there are reports that these withdrawals happened continuously. The checking account of one employee of an animal rescue facility was pinged for nearly $1 million. [Her account shows a negative $999,193.75](https://searchhrsoftware.techtarget.com/news/252470457/MyPayrollHR-collapse-stirs-allegations-questions-anger). +One thing that I have been dead wrong about is predicting a massive price correction from 40-50 million out of work and a near depression? It seems like the market is just stubbornly hanging on to pre Corona pricing and people are not even waiting on a correction. + + +I foolishly have been avoiding getting my retirement in order. Today I turned 43, and I just cannot put this terrifying subject off any longer. Therefore, I am reaching out to your experiences to find out how much trouble I am. These are the variables I think necessary for consideration. If others are needed, please ask. + +1. I have $50,000 in a 401k with Fidelity, + +2. I have no other investment instruments, + +3. I can afford to put away $1,000 a month. I may also have a $3,000 annual bonus I can add, but it’s not guaranteed, + +4. I am not counting on social security, + +5. I have medical coverage through the VA at a minimum, + +6. I would like to retire in 20 years, and + +7. I’d like the retirement to be comfortable, but I don’t know what that would be in 20 years. All my debts should be paid by then, so I assume I don’t need a large monthly income. + +Presumably, my situation isn’t good. I welcome any suggestions, even those that are rather unorthodox, but legal. Side note: both Fidelity and my employer’s current investment firm, Charles Schwab, have not responded to my emails and calls since February. Both said they would assemble a strategy to meet my goals. Thank you kindly for your time and consideration. +[Link to the Q1 financials.](https://tesla-cdn.thron.com/static/IOSHZZ_TSLA_Q1_2022_Update_G9MOZE.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q1-2022-Update.pdf%22) + +P/E is now ~130 and EPS for Q1 was 2.86. Forward P/E is ~90. + +Tesla is an absolute financial monster and by retiring the debt they are saving ~200 million in headwinds due to interest payment. They sit on 17.5B cash while earning 3B+ in net income per quarter. Operating margin went from 14.6% in Q4 21 which was fantastic already, to 19.2% Q1 22... + +EDIT; Customary edit, thanks for all the gold. :) +My grandmother died in 2016. My mother said if I want the house I can have it. The house she left has about $5500 in back taxes due and property is worth about 60k because the neighborhood is one of worst you can ever encounter (good ole New Jersey) However I was thinking about paying the back taxes and living there because I need to get out of my mom's house (no freedom) . The house also needs $2000 in kitchen work on the floors and walls but rest of the house is mint. Upstairs was completely remodeled 5 years ago. But as an investment and living situation, what do you guys think? I'm used to rough areas so I was thinking about giving it a shot. + +EDIT: The house is on New York Avenue in the City of Atlantic City New Jersey (across the street from the public housing projects) There is no option of selling CURRENLY. My family has made that pretty clear. Maybe 5 years from now but my grandmothers death is still kinda fresh for the family and doing so wouldn't be worth the hassle and drama. I also need my own place to stay after I finish saving this 10k by August. My mother owns the house and has stated that the deed will be transferred in my name if I agree that I will not sell the house. +I understand basic crypto investing but not the stock market. I understand some crazy event could make the gme 185 dollar stock sky rocket as much as 100,000 % or more? What are the chances of that happening and when? Like for instance, with crypto I can say with the 4th quarter of the year it is likely that x will happen, is it like that for gme? + +Edit: I pulled out my crypto investments and put it all in GME, am I dumb? Probably most certainly yes right + +(Why are you people awarding me) + +(( seriously, if you guys are spending money on Awards to award meet please do not. If you would like to award me something please instead take that money and use it on yourself or a loved one.)) + +((I am overwhelmed by your awards, and thank you for those of you who are being honest about GME stuff))) +I keep seeing people posting about how their coin is pumping because it’s such a great project and the market is finally realizing it. Please don’t kid yourself. Do you realize that DOGE is currently one of the best performing coins in the entire cryptosphere? Your coin is pumping because everything is pumping, and that’s all. There will again be a time when the best projects rise to the top. This is not that time. + +I used to be under the impression you need to put in proper research before making a crypto investment. Nowadays it seems like the worse a coin is on paper, the better investment it is. Blockchain technology is important and will forever change the world, but this cryptocurrency shitshow is kind of a joke. Anyways, let’s make lots and lots of money while we can! +The European market is down to its 2006 peak with 16 years completely lost. + +Any picks you have in the European market that may be a good long term hold? +Hi guys, I figured this would be the best place to ask. + +So just a bit of a background, I’ve managed to finally save £10,000 which is quite a milestone for me as years ago I used to be struggling with money. Anyway, I have a few outstanding debts that I would like to get rid of. I am in no means behind on payments and have paid on time for as long as I can remember, but I want to pay them off so I don’t have the burden of paying every month and start putting the money towards my savings again. + +I have a debt totalling £2174.97, I know it’s not a huge amount, but since I’m in a financial position where I could pay this off and still have a great deal in my savings, what do you guys think? I earn, let’s say £1.7k-£2k every month so I can earn it back in no time and the money I’d save if it were to be paid off would be tenfold. + +I would rather do it this way instead of getting a consolation loan as the majority of them have high interest.. my debt doesn’t have any interest because I’ve been paying on time so it obviously wouldn’t make sense to me. Sure, since the debt is just over £2000 I’d of basically worked an entire month for free if I did pay all of it off, but I feel like the reward of being completely debt free is much greater. + +So, use the money from my savings to finally be debt free and save more money every month, or continue paying in small amounts and keep building my savings? + +Any advice would be appreciated! + + +EDIT!!: Thank you so much for everyone’s replies, I didn’t think I would get this many and they are all great suggestions and answers. Some giving me the harsh truth which I need to hear, some are very informative, and others are congratulating. I suppose now the choice is up to me (as the debt is indeed 0%). I have read and listened to every single comment and I will take them all into account! Very helpful and appreciated. + +Other than a speculative asset with a glorious whitepaper and an impressive "ex workers" of big name companies all around the world, they all promise the Moon but underdeliver. I have yet to see something that has an actual use in realife that is using any of those tokens/coins technology. + +I understand that there are companies looking into metaverse, NFTs or accepting Bitcoin as legal tender, but those are very niche and far +from mass adoption. + +Honestly talking the only projects i've seen of use are cost cutting protocols such as MATIC & LRC for transactions, and Brave Browser (BAT) which i actually find it awesome to use. + +Do you have other opinion? Are we throwing money into the void? + +Are we any different from gambling our money if the rate of uselessness is so high? +I'm asking this because agriculture has been the dominant industry in my country since forever (geography lends itself to it). Even now, after decades of industrialization, about 40% of the labor is involved in agriculture (number may actually be higher as undocumented foreign workers are not accounted for) but the sector only contributes to slightly under 10% of the economy. + +For as long as I have been alive, every government (elected or otherwise, this is a clue which country I'm from) always has "increasing the income of farmers" as one of their flagship policies because the vast majority of these people are poor. Yet, it is also politically suicidal to run on the policy of free-market whereby farmers may have to sell their farms to more productive owners and go work on something else (most farmers actually earn less than minimum wage after subtracting business expenses, although their cost of living is also much lower than those living in the city). The dream seems to be how to protect the jobs and way of live of these farmers, while also increasing their net income literally by at least double. + +This brings me to the question in the title. Is there a nation where there is a competitive and productive agriculture sector that's dominated by small landowners? If so, how are they doing it? Or is this just a pipe dream? +Not entirely sure if this is right subreddit .. apologies if not :/ + +Firstly, the facts + +* GF and I broke up +* Own a house and have 3 pets +* She's with someone else who's going through a divorce +* He wants to move in here (can't currently afford to buy me out until divorce settled- roughly 60k equity split 2 ways). +* Offered to pay half the mortgage, bills and pay me rent (500 quid, mortgage is 1000) +* I would move into a rental. + +My concern is that my long term plan (a year or so) is to move back to Australia. In that year I have to have everything sorted and most importantly have the recieved half of the equity in the house. Obviously I don't trust the bloke as he's been wishwashy with the divorce. My concern is that 6 months down the line, they break up and suddenly we have to sell the house (which could take a while in this market) and i'm screwed. + +The pet's are the main reason we can't just sell the house now and both move into rentals. + +Any thoughts? Are there any legal approaches I can take to protect myself? + +Bit of a pants situation but it is what it is. + +Thanks for your time, + +Rob + + +(edit) thank you for all the replies, it's very appreciated. We sat down and had a long chat last night and came up with what will hopefully be a fair and clean way forward. She's going to see if she can remortgage to free up my part of the equity and her parents are going to act as guarantors (her salary is fairly low). Then the new shinyness will pay her rent. All this obviously down to the banks discretion but fingers crossed with a guarantor they'll be up for it. Thanks again peeps. +Hedgies aren't making this a fair game. They will continue to play unfairly. Unfortunately, the referees in this game are either useless, in someone's pocket or both. It is therefore up to us to sort this out ourselves. + +To all those thinking everyone else will DRS and there's no need for you to bother, you're the exact person I'm talking to. As a collective we can do this. But people need to stop being so naive thinking it'll just get done for them. +🍑 **PAWGcoin** is disrupting the viral meme coin market by providing a cryptocurrency that powers transactions between content creators and content enthusiasts of tasteful noods. + +What is **Pawgcoin**? + +$PAWG is building a decentralized community of those who pay homage to developed posteriors of white girls. 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I live in the UK, and it is possible to view income over time by percentile (and therefore see, for example how the income level of the 10th percentile has changed year on year), but I have been completely unable to find any source of data detailing the yearly or quarterly changes of income for individuals over any extended period of time. + +&#x200B; + +This was not core to my degree, or the work I do now, but I have a genuine curiosity about a) what the financial history of individuals in this country (and many others) look like (how many trend up, how many trend down, to what extent, and in what distribution etc) and b) whether there is any connection between, for example, upwards or downwards trending personal financial history and political orientation, levels of political engagement, etc. I feel like it would be a useful way of collecting and consolidating data, but it also does not seem to be done, so I just wondered why that was. I understand that privacy would be a major concern, and that ethical considerations of data use would be important, but if these concerns can be addressed, would this not be something economists would find useful? PoliSci nerds definitely would. + +&#x200B; + +P.S. If the issue is a logistical one, why is that the case? I understand that it might be tricky to survey large numbers of people independently, and unlikely that all of them would even reliably report back yearly income from far in the past, but wouldn't tax returns serve as a valuable source of info? +I am familiar with the concept of a wage- +price spiral, but if prices rise in conjunction with wages, then how is anyone ever supposed to get ahead? 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Our goal is to spread $ONE philosophy by gaining trustworthy holders through the fair distribution of the token. + +$ONE Vision +Our team truly believes in economic decentralization. However, the most common scenario tends to be that a small number of addresses holds huge amounts of tokens. With $ONE we want to stand up against this kind of distribution and user our in-house mechanisms to work towards this goal. + +Important information you may need to know⬇️ + +-Liquidity it locked for 5 years.🔒 + +-Ownership has been renounced. + +-Contract verified + +-Project will be fully audited by TechRate + + +Phase 1 of the roadmap + +∙ Fair Launch +∙ Website V1 Release +∙ Successful Audit Completion +∙ Daily BSC holders distribution +∙ Daily $ONE holders giveaways +∙ Applying CMC, CG & UniRocket +∙ Poocoin ads Campaign +∙ $ONE Telegram Bot Release +∙ Influencers Marketing Campaign +∙ CEX Listing (medium sized) +∙ Billboard Advertisements + +As always , make sure you do your own research. + +This is not financial advice. + +Telegram - https://t.me/one_token_community + +Website - https://onetoken.live/ +A newbie here, I have been reading about investments and listening to podcasts as well. And there's this one advice that everyone mentions of 'save for your rainy days'. + +As much I understand the need to have an emergency fund, I'm not sure how to go out about. Does one put that in FD? Save that in another account? Make shorter period investments? + +I'd really appreciate if I can get some advice here. + +Thanks in advance. +While the company does not currently have the $ coming in, it is clear that people are finally starting to recognize this company and the potential here. This is very easily a huge gainer if all works out, and in this type of market, warranted a much higher share price. Which is what we are seeing now. The volume is insane!!! +Hi guys, long time lurker and I love this sub. I see a lot of young guys who are starting early and ambitious, and it's a great sign. Wanted to make a quick post about my past for those of us on the other end, who have either lost it all through personal misfortune or what have you, and maybe giving you a boost of confidence about rebuilding. + +&#x200B; + +Almost a decade ago, I went through a nasty divorce. I had an infant child at the time, a great job, and my wife worked part-time from home. Was tucking away some and my 401k, and living pretty well. I was late 20's at the time. + +&#x200B; + +One day, got a call out of the blue - found out my wife had been having an affair while I was working, and a whole lot of other substance issues. Don't want to go down the rabbit hole of how shocking this was and completely blindsided me, but she moved out, and having the benefit of a wealthy family, filed against me, and all of a sudden I became the "bad guy". It became a two year long custody battle for our child, and I depleted my savings and 401k to save my home from going into foreclosure, paying child support, paying for her car (I had signed for it), and lawyer and legal fees so I could have split custody. On the surface it was dumb financial moves, but I would do it again if it meant having fair custody of my child so that's the route I took. + +&#x200B; + +After we sold the home, I lived with my parents for a few months rebuilding and only thing I had left to my name was my car. I think prior to the home selling, with all my expenses, I was -$14 every month. Long story short, when the dust settled, I started slowly saving again, and opened a Roth through Schwab. Every paycheck, even if it was just $10, I put something in there just so it became a habit. + +&#x200B; + +Fast forward a decade and my Roth has grown well, I have rebuilt a lot into my 401k, and bought a new home and am thrilled with life. I am fortunate enough to have made it a habit to tuck some money away each check. Even if you think it's insignificant putting away just 10 bucks when you see a lot of posts about retiring in 30's or buying 1000's in stocks, you'll be amazed about what consistent habits will do and what it will bring you in the future. I know this isn't really advice on dividend stocks, but hopefully encouragement for someone that needs it. + + +As they say, if you're going through hell - keep on going. +Please use the report button for posts you believe belong on /r/politics or are linking to a poor quality reference. + +Use this feature with care; however, because politics and economics are highly interrelated. + +An idea of what we are trying to here was best stated by johnleemk [here](http://www.reddit.com/r/Economics/comments/erxtq/welcome_to_the_new_mods_can_we_get_definitions/c1ag6a8) + +Thank you. + +Edit: **There is no reason to downvote this post. If you have a problem with this policy you may want to reconsider if you are actually interested in economics or politics. Please feel free to send me a message or post a reply with specific concerns or problems you have with the new policy.** +My mom is an emergency physician and makes a pretty big income, around 200k-300k a year. But my whole life we never actually owned a house or lived somewhere huge or something like that and it's always just been 2 bed room apartments. I always knew she was paying off debt but I never knew how much she had. Recently I heard her on the phone say that her debt was almost 1 million dollars. When she goes to the guy that does her taxes they say they take so much from her because she cant buy a house, but she can't buy a house because she has too many loans and so she's in a bit of a loop. I want to help her and i dont know how. She works at a Veteran Affairs hospital for the federal government, so maybe there can be some type of loan forgiveness plan. I just don't know. Any help is appreciated + +Edit: for anyone who is wondering, I'm assuming the loans are from med school debt. + +Edit 2: I should explain her situation more. 3 kids, no husband/childsupport. One kid in college, graduates in 2021 :26k per year. I'm going into college, this fall, 16k per year. She said she wanted to pay for all of it. She's paying out of pocket because her income is too high for aid. + +Edit 3: some more info. +Rent is 2k a month +Graduated med school 11 years ago, started making doctor money 8 years ago. She became a doctor later in life, she'll 53 in a month +We live in an upper middle class town + +She divorced during med school which would mean she did not have financial support during school and must have looked to loans to support 3 children until residency + + + +I just want to say, despite my lack of all the appropriate information, thank you everyone for your advice. I really appreciate it and I'm trying to get through the comments so I apologize if I don't reply. I have a lot to think about now and will try an update this post. +First up to be absolutely clear: this sub supports sex workers. Sex workers are welcome to post to UKPF for help with their financial questions, taxes, budgets etc and absolutely no rude or judgmental responses will be tolerated. + +Things that are banned however: + +## Suggesting OP gets an onlyfans + +This is a very common response to posts about wanting a 'side hustle', needing to earn more to cover expenses, etc. + +* 'get an onlyfans' +* 'tried onlyfans?' +* 'onlyfans?!' +* 'onlyfans lol' +* 'onlyfans.' + +Stop. + +* You're not as brilliantly original as you think you are. Posts about needing to increase income can get dozens of comments along these lines, *overwhelmingly* more so if OP discloses they're female. +* It makes UKPF feel like a boy's club. +* To reflexively suggest 'onlyfans' as a solution to money troubles when OP hasn't mentioned any interest in it does not feel like a genuinely helpful suggestion. It feels inappropriate. It can be actually upsetting. + +If OP is considering sex work, online or in person, they absolutely can ask for advice relating to that. It's not on you to bring it up, especially in a flippant one word suggestion. + +## 'Hookers and blow' / 'coke and hookers' / 'just don't blow it all on hookers and casinos' + +We understand that these phrases are a bit of a meme, and intended to describe lavish spending in a funny and harmless way. + +However, the term 'hooker' can be seen as derogatory. And seeing this meme all over the sub contributes to the 'boys club' feel which can make women (and also sex workers!) feel unwelcome, or at least remarkable and out of the ordinary - certainly not the 'expected' audience of your post. + +Please just pick a different phrase to indicate carefree or irresponsible spending. + +Edit: [a bit more context about this, and how overused this phrase was before this rule came in](https://www.reddit.com/r/UKPersonalFinance/comments/rhyc7i/why_your_comment_got_removed_get_an_onlyfans_and/hottuel/). + +-- + +*Admin note*: this policy was first announced in [this original mod post in Nov 2020](https://www.reddit.com/r/UKPersonalFinance/comments/k22teq/mod_post_hey_ukpf_lets_talk_about_hookers_coke/), which has lots of interesting comments from people talking about the effect this language has had on their participation in the sub from back when it was more pervasive. + +To people reading this newer post, hopefully you actually haven't noticed these problem comments around the sub often, as we've gotten super quick and efficient at removing them :) (but trust us, they're still being posted, lol). +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. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +wonder how many threads we'll hit today + +[WSB Stats](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881) / [Rules](https://www.reddit.com/r/wallstreetbets/about/rules) +Howdy folks, lurker here branching out with my first post - I do not claim to be an expert and I am constantly trying to learn and better my analysis. + +Disclaimer: I only own 1 share of $LMT (I felt I couldn't write a DD without owning *at least* 1 share) as I decided to pickup some value companies (£IAG, $GE, $UAL and $PSEC) who at the time I felt were trading at extreme lows. I am not a financial advisor, and this is not financial advice – this piece has been written to educate, invoke thought and discussion within the subreddit. Please do your own research/DD before making any investment and remember that any money invested into the stock market is at risk of loss. + +TLDR: Buy $LMT, conservative upside of 10.5% + growing dividend. + +**1.** **The Business (Revenue %)** + +Lockheed Martin (NYSE: $LMT) are an American security and aerospace company/defence contractor who operate through 4 business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. + +**Aeronautics (40%)** + +The largest area for LMT with 40% of revenue. In 2020, sales continued to increase with +10.9% increase in sales, +12.8% in profit and a healthy margin of 10.8% vs 10.6% in 2019. The highly successful F-35 program continued to shine with increased sales volumes. The delivery of aircraft to multiple international partners has allowed a degree of stability to revenues as LMT continues to ramp up production. + +**MFC (17%)** + +LMT produces precision aerospace and defence systems for over 50 allied country militaries with a number of contracts with the US military complex. The standout Terminal High Altitude Area Defence (THAAD) and Joint Air-to-Surface Standoff Missiles (JASSM) continue to be popular products with increasing volumes sold and are the largest increases to operating profit in this sector vs 2019. + +**RMS (25%)** + +One of the more diverse portfolios within the business and comes with a very high employee count with 34,000 employees working under the banner. This sector includes radar systems, electronic warfare, logistic systems, and helicopter programs. The standout performer is the Sikorsky helicopter program which boosted volumes and operating profit throughout 2020 vs 2019. + +**SPACE (18%)** + +Highly classified and an increasingly popular sector for investors in general looking for growth opportunities. The launching of a Space exploration ETF by ARK, SpaceX rockets sending astronauts to the ISS and investor fervour in Virgin Galactic Holdings ($SPCE) have made space exploration in-demand. SPACE includes Space Launches, Commercial & Government satellites, and strategic missile lines of business. LMT are currently building a NASA Orion spaceship for the next flight to the moon by 2024, which will land the first woman on the moon. + +**2. Financials** + +The YoY growth in the numbers really speak for themselves, as well as the record order backlog that LMT had in September 2020 ($150Bn). I am not too concerned with the margin decline in the Space sector as volume/production continue to ramp up across the business. + +&#x200B; + +|**Income Statement**|**2019**|**2020**|**Growth**| +|:-|:-|:-|:-| +|Total Revenue|$ 59,812,000|$ 65,398,000|9.3%| +|Net Income from Continuing & discontinued Operation|$ 6,230,000|$ 6,833,000|9.7%| +|Net Margin|10.42%|10.45%|0.3%| + +&#x200B; + +|**Sector Profit**|**2019**|**2020**|**Growth**| +|:-|:-|:-|:-| +|Aeronautics|$ 2,521|$ 2,843|12.8%| +|MFC|$ 1,441|$ 1,545|7.2%| +|RMS|$ 1,421|$ 1,615|13.7%| +|Space|$ 1,191|$ 1,149|\-3.5%| +|Total|$ 6,574|$ 7,152|8.8%| + +&#x200B; + +|**Sector Net Margin**|**2019**|**2020**|**Growth**| +|:-|:-|:-|:-| +|Aeronautics|10.6%|10.8%|1.7%| +|MFC|14.2%|13.7%|\-3.5%| +|RMS|9.4%|10.1%|7.5%| +|Space|11.0%|9.7%|\-11.8%| + +[https://news.lockheedmartin.com/2021-01-26-Lockheed-Martin-Reports-Fourth-Quarter-and-Full-Year-2020-Results](https://news.lockheedmartin.com/2021-01-26-Lockheed-Martin-Reports-Fourth-Quarter-and-Full-Year-2020-Results) + +**3.** **Discounted Cash Flow (DCF)** + +*Numbers in 1000’s, 5th February* + +Enterprise Value $104,301,121 + +Shares Outstanding 280,103 + +&#x200B; + +Current Value $337.04 + +Upside $35.33 + +Intrinsic Value $372.37 + +Assumptions: 10% market return, 2.5% perpetual growth, WACC 9.01%, risk free rate 1.14%. + +After running my DCF model I have concluded that there is a conservative upside of 10.5% in LMT through to 2023, not including dividends. I can add the spreadsheet containing my assumptions as part of the comments if people are interested. + +**4.** **Dividend** + +(As of 29/01/2021) + +Current Dividend: $2.60/quarter + +Yield: 3.23% + +Pay-out ratio: 44.4% + +Chowder rule: 13.0 + +LMT have increased their dividend for a consecutive 18 years with a current 5 year average growth rate of 9.8%. This strong growth combined with a pay-out ratio <60% and an A- credit rating displays the strength of LMT and their ability to pay a dividend to shareholders. + +**5.** **Weaknesses** + +Now why shouldn’t you invest in LMT? Well, there are a number of reasons: + +ESG + +Let us face it, LMT develops weapons which will be used in conflict zones resulting in instability and death. You the investor are placing money into this system. Similar to Altria Group, some investors do not want to put their money into something they cannot morally agree to profit from (smoking). + +US Government sensitivity + +71% of 2019’s net sales came from the U.S. Government. Increased public scrutiny on the high US military spending combined with the 50/50 senate, could cause a slow creep away from profitable contracts. The Biden administration could also shy away from defence spending, coupled with further withdrawal from conflicts could cause a decline in revenues and margin. + +[https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/lockheed-martin-fact-sheet.pdf](https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/lockheed-martin-fact-sheet.pdf) + +Price + +At $337/share, I imagine the average retail investor would balk at having to spend $33,700 in order to pick up a recommended 100 shares. + +TLDR: Buy $LMT, conservative upside of 10.5% + growing dividend. + +Disclaimer: I only own 1 share of $LMT (I felt I couldn't write a DD without owning *at least* 1 share) as I decided to pickup some value companies ( £IAG, $GE, $UAL and $PSEC) who at the time I felt were trading at extreme value. I am not a financial advisor, and this is not financial advice – this piece has been written to educate, invoke thought and discussion within the subreddit. Please do your own research/DD before making any investment and remember that any money invested into the stock market is at risk of loss. +4.36 PE ratio for a bank looks great. + +I monitor closely the banking sector and it was seriously hit because of the war in Ukraine, however the big banks were not hit that hard compared to BCS. Investor sold 1 billion $, but this is barely 1/40 of the market cap. I am talking in general why the market allows 4 PE ratio for a bank with decent 3-4% dividend rate. +I'm in Los Angeles, CA, USA. + +* Are there any financial incentives or coronavirus-specific gov't programs encouraging me to do this? +* For tax purposes, is this a "gift" I'm giving the worker which I can deduct? Or instead, would it be a "loss" against my rental income which I can deduce +* What's the best way to find a frontline worker who needs the help? + +Thanks +The SEC charged by the Inspector General for misleading congress, lying to IG, creating spreadsheets that made false claims etc. .. and there’s those that still doubt the SEC is complicit. Ohhh and Gary Gensler knows as Bloomberg Law obtained a letter from Inspector General Carl Hoecker sent to Gary Gensler. + +Surprised anyone? + +[https://news.bloomberglaw.com/securities-law/former-sec-ombudsman-misled-congress-lied-to-ig-probe-alleges](https://news.bloomberglaw.com/securities-law/former-sec-ombudsman-misled-congress-lied-to-ig-probe-alleges) +Hello guys, hope you all well and safe. + +I am a beginner, according to the news that we are very very likely for no deal Brexit. What is the best ETFs to invest to against weak pounds in the future? I have £1500 on both Vanguard FTSE 100 and S&P 500 now. Should I keep it or move to other ETFs or stocks? + +Thank you for your time and advices in advance. + +Wish you all have a lovely Christmas! +I work as an urban planner in a HCOL American city where prices have skyrocketed, but the problem looks to be widespread across most of the developed world. Factors I've seen mentioned include: + +* Restrictive zoning limiting supply +* Low interest rates increasing demand +* More capital moving into housing due to low interest rates +* Increasing costs of labor and materials +* Fiscal policy such as mortgage interest deductions +* Increasing house sizes and shrinking households + +Housing prices increases can't continue to outpace wages indefinitely, but there's a whole lot of needless hardship the working and middle classes will endure before prices are forced to plateau. I tend to swing relatively far left politically and would love to see more social housing a la Singapore or Vienna, but there's very little political interest in my area to make that happen. + +So my question to you fine folks is: **are there any market-based solutions to increasing the supply of affordable housing? How do we equitably fix the housing supply/demand imbalance**? +So, I recently learned that banks don't need to have the money on hand to lend it. This seemed reasonable to me given that they had reasonable confidence in future payments being able to cover the cost of the new loans, but then I learned that banks will literally create money in this process. Specifically I'm talking about Australia and USA here. + +So, when a banks lends let's say 300k out and receives 360k back, does this mean that the bank profited not 60k (the difference) but rather 360k because the 300k never existed in the first place? + +As an additional side note, what are the consequences of this 'new money' if this is true. This seems like it would be a driver of inflation to me. + +Thanks for the responses. +Context + +I bring home roughly 4k a month. Total bills comes to about 2,100. I spend about $750 on FOOD eating out. I don’t cook at all. I just looked at 3 months of most recent statements and that’s what it came out to. (This is JUST for me, single male) + + +This is a major wake up call. I need to cook from home. My income easily covers everything but I can’t keep doing this. + +(My weight is 220 at 5’11” so losing weight would be amazing to) + +Truthfully I had to get this off my chest and I couldn’t post it there. I hope this opens someone else’s mind. +- **[Another Readout](https://www.reddit.com/r/ethtrader/comments/8enz0g/how_the_myetherwallet_hack_happened/)** + + +- **[Update 3 - Technical Readout](https://doublepulsar.com/hijack-of-amazons-internet-domain-service-used-to-reroute-web-traffic-for-two-hours-unnoticed-3a6f0dda6a6f)** + + +- **[Update 2 - Official Statement](https://www.reddit.com/r/MyEtherWallet/comments/8eloo9/official_statement_regarding_dns_spoofing_of/)** + +- **[Update 1 - MyEtherWallet Twitter](https://twitter.com/myetherwallet/status/988787116015415296)** + + +>Couple of DNS servers were hijacked to resolve http://myetherwallet.com users to be redirected to a phishing site. This is not on @myetherwallet side, we are in the process of verifying which servers to get it resolved asap. + +... + +**Original Post** + +[Report Here](https://old.reddit.com/r/MyEtherWallet/comments/8ek0jj/think_i_got_scammedphishedhacked/) + +The Site's SSL certificate is currently not valid when going to the correct URL. DNS is possibly hijacked, but that is just me speculating. + + +Edit:. yeah looks like DNS was hijacked. Russian IP and name servers in use. + +- [Malicious address Eth being sent to](https://etherscan.io/address/0x1d50588c0aa11959a5c28831ce3dc5f1d3120d29) . + +- [Amazon IP addresses the site used to be hosted on](http://viewdns.info/iphistory/?domain=www.myetherwallet.com) + +- [Current Russia IP](https://www.whatismyip.com/ip-whois-lookup/) (you will need to enter in 46.161.42.42) + +- [malicious name server](https://whois.icann.org/en/lookup?name=ns2.sibway.pro) + +- [Myetherwallet registrar info](https://whois.icann.org/en/lookup?name=myetherwallet.com) + + +EDIT: 11:32am EDT + +Looks like correct addresses are restored when specifically checking Google's name server. If you're unsure, continue to not use site until some post mortem comes from an official source + + > server 8.8.8.8 + Default Server: google-public-dns-a.google.com + Address: 8.8.8.8 + + > myetherwallet.com + Server: google-public-dns-a.google.com + Address: 8.8.8.8 + + Non-authoritative answer: + Name: myetherwallet.com + Addresses: 52.84.35.233 + 52.84.35.176 + 52.84.35.33 + 52.84.35.181 + 52.84.35.240 + 52.84.35.128 + 52.84.35.58 + 52.84.35.49 + +Source: https://www.nbcnews.com/business/business-news/nike-shares-slip-heels-zion-williamson-sneaker-malfunction-n973971 + +> The freshman center, who plays for the Duke Blue Devils, suffered a mild sprain to his right knee, according to his coach Mike Krzyzewski... +> +> ... Williamson was wearing the Nike PG 2.5 basketball shoe when he was injured, according to ESPN. The line of sneakers are a product of a collaboration between the world's largest sportswear company and six-time NBA All-Star Paul George, who plays for the Oklahoma City Thunder. +We are definitely in a bear market and I would like to make a big investment, I think this is a good moment especially if you are planning to hold and go on long term + +My biggest portfolio and bet actually is on Loopring (LRC), why? Low market cap (under 1b) It’s a project under development, once will be finished and mass adopted, I think can go near or over Solana (60/70b map +) this means X70 Devs are working on the project from YEARS, it’s already survived all the others bear market, so we can count on a really seriously team. If you want to see more about, check it : [Loopring](https://loopring.org/#/home) + +Also I'm watching for [ARIVA (ARV)](https://ariva.digital), a project about tourism, check it : [Ariva](https://ariva.digital/whitepaper.pdf) + +Market cap is REALLY low (actually 30m), it's a good idea and a big project to make, if will be completed in the years would be really interesting. + +Those are my 2 crypto actually, I would like to find others. + +**What is your bet guys to make ATLEAST a x10?** +**NOTE: NO DOG SHITCOIN** +My wife and I were looking at getting a bearded dragon for our son for his birthday. A young beardie is only about $60. So we set aside $200 in our budget counting on buying a reptile aquarium and some incidentals. + +Then we learned it needs expensive UV bulbs that last about 6 months and are about $40 each. Also the electricity cost the run this heat 24 hours can be a drain on the electric bill. + +Also the beardie needs to go to the vet every 6 months for a checkup. And finally, food. They have a very diverse diet and can eat up to $15 per week in foods. So I did a total cost analysis for a beardie that lives 12 years and it turned out to be a whopping $10,000 + +Life pro tip, do a total cost analysis on pets before deciding to purchase. Even free pets are absurdly expensive. In 12 years both of my kids are going to be in college and I will desperately need $10,000 then. I will not need an aging lizard. + +Edit: For everyone giving me shit about my poor son, don't pity him. First he didn't know about the beardie. Second we are taking that $200 and taking him to an amusement park. He's fine. + +Edit 2: This post is not about "don't buy pets, they're expensive." The post is about "make sure you're aware of the full cost of something before making a decision." Yes we have kids and dogs. Yes they're more expensive than lizards, but for us well worth the cost. A reptile, not so much. + +Edit 3: Thank you all for the "you're way overestimating" and the "you're way underestimating" posts. The accuracy of the cost really isn't the issue. The issue is we were expecting something minimal and almost made a big mistake. The point is, we did the research and it was way more than we were expecting and wanting to pay. To us, it wasn't worth it. We have other pets. We aren't frugal, but we are smart with our money. I am simply encouraging others to do cost analysis. And at the end of the day if a bearded dragon is worth 10k to you, awesome! Do it. +My manager has announced that she will be going on maternity leave in a couple of months. As I am the next senior person in the team, it's possible that I will be asked to take on her role while she's away (probably for around 6-9 months as she isn't planning on taking the whole year off). If I am offered the role, I was thinking about asking for a pay rise as I would effectively be the team manager. Am I entitled to do so seeing as it would only be for a few months? If I do ask and it is approved, what would I expect to happen to my pay when she returns, and I (presumably) return to my normal role? +Using a throwaway for safety. + +I have come into an inheritance in the form of a Trust worth $1.75M, this wealth is a mix of liquid cash, stocks, bonds, art, and real estate. + +The real estate however is a condo which must be sold. + +When all is said and done, I’ll have a $1.75M net worth. + +I currently have mediocre credit, and do not own any real estate of my own. + +I am searching for a way to maximize the use of this $1.75M and create a large stream of passive income. + +I could really use advice on the best way to go about purchasing property, renting that property out, and legitimately making as much money as possible. + +If you had $1.75M, how would you leverage it to make money in real estate? + +Thanks in advance. +I'm still in uni at the moment and don't have a lot of experience on properly managing my expenses/savings, but from my experience studying in the Netherlands, the rents are fairly high, around 300-600 euros a month, per room, which means buying a house would pay itself off quite quick I imagine. + +Places like Wageningen, which are relatively small places built almost entirely around the university come to mind. + +I imagine one of the main things are taxes? As I understand, in the Netherlands taxes on second homes/renting out are quite high (around 50%?). + +But I feel like even then it seems like a sensible thing to work towards. When will there not be students? especially in big uni's +I will keep the background short and sweet: wife has 40k left in student loans and currently has a taxable brokerage that has appreciated to 40k. She currently pays 2x her minimum payment per month (400+400 towards principal). I have always recommended to keep her money invested in index funds rather that payoff the student loans (at 5.2%) since the market on average returns more. BUT at this point I think the market is pretty overheated so I my mind is exploring just cashing out and applying to the loans to become debt free..... Then start building the brokerage account back up. Curious what the groups thoughts are on this dilemma? +My state is trying to make Personal Finance a required class for graduation. I think this is something we've needed for a long time. -- it made me wonder if any other states are doing this. + +http://www.wistv.com/2019/01/12/bill-would-make-personal-finance-class-graduation-requirement-sc-high-school-students/ +Unemployment rate 3.6%, 2 openings for every unemployed person, etc. Basically there are millions who don't have a job **and** are not looking for a job. + +Anecdotally I see how bad it is as I am sure everyone else does too. My local restaurants have poor services and close early due to staffing issues. Airlines are cancelling flights. Companies have drastically lowered their standards for hiring. I can go on... + +I am still scratching my head why we still have this issue long after government handouts ended. + +I know many have retired and most of them will probably never return to the workforce. But I suspect they make up a relatively small portion of the supply shortage of workers. I have questions about the rest. Are they living on sustenance level somewhere and gave up on the rat's race? Where are the able-bodied workers who for whatever reason are not working and why are they not working? Why is my local McDonalds still so understaffed? +UPDATE 2/6: For all of you who are reading this a day, or days after it was posted, you should know the issue is now resolved. The bad mods are out, the good mods are in, and the casualty of it was was u/zjz. Enjoy the read. + +Original post: + +For those who see my "Top Detective" flair, but don't know [me](https://markets.businessinsider.com/commodities/news/robinhood-trader-made-2400-percent-return-coronavirus-oil-markets-2020-3-1028989430), I'm [the asshole who made videos this post is talking about.](http://reddit.com/r/wallstreetbets/comments/l7b1b7/a_dark_part_wallstreetbets_history_and_why_its/) + +If you subscribe to r/videos, no doubt you have seen my video, [WallStreetBets and the Art of Sellout Out: An Illustrated Guide](https://www.reddit.com/r/videos/comments/lcperh/wallstreetbets_and_the_art_of_selling_out_an/), is climbing slowly to the top. If you haven't watched it, you should. + +While you were sleeping last night (night of 2/3), moderators who wanted to profit from THIS community, removed the moderators you know and love. They were replaced with brand new accounts. Literally minutes old. It was a coup. + +The long and short of it is, there was a movie deal. In fact, there was more than one. There were dollar signs in their eyes. The Gamestop catalyst that propelled our community to over 8 million members attracted media attention, naturally. It's no secret [he who must not be named sold out](https://www.wsj.com/articles/reddits-wallstreetbets-founder-sells-life-story-to-movie-producer-ratpac-entertainment-11612440001), as he has [in the past](https://www.youtube.com/watch?v=caoF3jH7yG4), and some of the bad moderators were just a little behind him. + +For this reason, some moderators are no longer with us. They tried to go behind other moderator's backs to secure money for themselves, and monetize this subreddit. They even went as far to establish a website (blomberg.com) to intercept all media traffic so they themselves could profit. + +So the Reddit Admins intervened. + +Some of the moderators who grew this community, like u/zjz still have not been added back. Perhaps they will be back in the future. The good news is, the right moderators, the mods you all know and love, are coming back, and some already are here. People I know wouldn't take a dime, are taking back control, one meme filled shitpost at a time. + +He who must not be named still has a movie deal, so I leave you with this question: + +**How do you feel about a guy who has been scamming people for most of his adult life, getting paid six figures for a movie deal partially about scamming members of WallStreetBets?** + +One more thing... Instead of guilding me, I request you spend the money on helping end childhood cancer, by donating to [St. Jude Children's Research Hospital](https://www.stjude.org/donate/donate-to-st-jude.html). Thank you. +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) +&#x200B; + +One of the reasons many traders here love the wheel is because of the 'second chance' feeling you get from being assigned stock. But is this really an advantage? Or is it just a trick? We can look deeper by running through a hypothetical scenario selling puts in a cash settled index like the SPX. No charts this time, just a thought experiment + +&#x200B; + +You're Mr. Moneybags and you have a very large account. You've been going all-in selling SPY puts and it's great. You either make money or buy cheap shares. You really can't lose! + +One day, you're friend The Tax Master tells you about SPX and how you can get that sweet sweet 1256. But after doing some more research, you find out that SPX is completely cash settled. That means if SPX closes past your short strike, you have to eat the loss. No shares. Some traders might choose not to trade the SPX over SPY for this very reason. Well what if I told you that assignment was meaningless? + +**Example:** + +**-10x SPY 370p @ $5.00** = $5,000 credit, **$365** cost basis/share upon assignment. Regardless of what price SPY drops to, your cost basis will always be $365 upon assignment + +**-1x** **SPX 3700p @ $50.00** = $5,000 credit + +* **SPX** goes to 3600. Your position settles for a $10,000 loss, minus $5,000 from the credit you collected = a $5,000 realized loss. But now SPY is at 360. You can just buy it at the 360 price to get the same notional as if you had just sold the SPY puts. $360,000 + the $5,000 loss = **$365** cost basis/share upon assignment +* Let's look at another scenario. **SPX** goes to 3000. Your position settles for a $70,000 loss, minus the $5,000 credit = $65,000 realized loss. You can now buy SPY at 300 a share, leaving your net cost basis upon assignment at $300,000 + $65,000 realized loss = **$365/share** + +I think you know where this is going. No matter what price SPX/SPY drop to, as long as you can buy shares, it's practically the same as getting assigned. And this doesn't just apply to cash settled products, or even just to the wheel. All you're doing is entering a new position after taking a loss. You can do that at any time + +For instance, let's say you wanted to sell a put in an underlying, but were fearful of a pullback. You could buy a further OTM put, creating a put credit spread. This doesn't mean you can't get your shares: just close the spread on the day of expiration and buy 100 shares of the underlying. It will be almost exactly the same as getting assigned, except the long put will define your risk, and you'll collect less premium + +**Unless you're so busy that you can't check on your portfolio once a week or so, there's really no advantage to assignment. In my opinion, it should almost never be taken into consideration when choosing a strategy** +Am i being too extreme, or is this blatant market manipulation ? +Robin Hood, TD, and I'm sure many others are stopping people from purchasing $GME / $AMC, among others... + +Hedge funds, and the real people with money were able to play with the market all night, and now that the poors are ready to play they are left on an island. + +I threw money i didn't really care for into buying some $BB And $NOK - It was a small fraction, and was literally dedicated fun money. I didn't join the GME or AMC wagon. + +They are showing us the game is rigged... if you are poor, you aren't meant to win. + +I am sure a bunch of you will say "the kkds at wsb should have known the risks".. but it's still a very fucked up situation, looking in. +I’m dreaming of telling the corporate world to go to hell, and wondering how I can achieve this lofty goal. Seems like a boatload of money needed upfront to make 1k per week in dividend payout a reality. +First I'd like to thank everyone who responded and assisted in my thread previously regarding a property negotiation - original thread link + https://www.reddit.com/r/AusFinance/comments/xd474r/property_negotiating_question/?utm_medium=android_app&utm_source=share + +The update as of today is my deadline of 2pm past for my formal and final offer of $665,000. They came back at 2:30pm with a counter offer of $680,000. + +I rejected this and told them they're dreaming and have now walked away from negotiations. Funnily enough the agent actually asked surely you can add another 1 or 2 thousand? I told her on principal and as a matter of fact I take that as disrespect that a property developer, who would have no real use for such little additional money, would try to squeeze every last penny out of us as a young couple. I refused to budge and I'm very happy to walk away from it without stretching my budget or overpaying the worth. + +She tried all sorts of tactics which I can get into at people's request but I'd just mainly like to use this post to thank everyone, initially I was a fish out of water but thanks to your advice I genuinely had fun negotiating here and can leave with my head held high. +Should I sell my AT&T stock? I bought T stocks 3 yrs ago at 32.30 per share. It is currently 17.17 per share. Should I continue to hold the stock or sell it? I own around 200 shares. +I have been approached by a recruiter who offered a great opportunity in pay and work life balance (9 day fortnight, WFH, etc). However it's for a gambling company and even though I don't gamble, it's such a predatory business model that I inherently don't agree with. + +I don't think I'll pursue it but was wondering if anyone had this issue and did you chose the job or your values? +Edit: Lots of apes are asking for the inputs that I use to generate the version of the indicator depicted below. I’ll drop another post that gives you all the specifics 😘 + +It may not be the MOASS but the ***Game of Stonks*** is about to blow the fuck UP!!! + +How do I know this... Well, let me introduce you apes to a little indicator that has done me well in the past... **CRSI** + +**For the smooth ones:** CRSI is a technical analysis indicator created by Larry Connors that is actually a composite of three separate components. The Relative Strength Index (RSI), developed by J. Welles Wilder, plays an integral role in Connors RSI. In fact, Wilder's RSI is used in two of the indicator's three components. The three components; The RSI, UpDown Length, and Rate-of-Change, combine to form a momentum oscillator. Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions. + +***Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions.*** + +Source: [https://www.tradingview.com/support/solutions/43000502017-connors-rsi-crsi/](https://www.tradingview.com/support/solutions/43000502017-connors-rsi-crsi/) + +If you leverage the RSI indicator in your TA then you're basically familiar with the CRSI but there is a catch... The CRSI is a leading indicator which makes it useful in recognizing moves before they happen, which can be beneficial at times... + +Anyway... I use this indicator on the 1D chart and have been for sometime now. I wanted to show you apes something. Something that has my tits jacked beyond the typical state of jacked tits. You ready? + +[Red = Suppression \/ Green = Run](https://preview.redd.it/lkjvrx5rzg871.png?width=349&format=png&auto=webp&s=f0e25126d36c040edc003ad70ba6b5e200f4f830) + +&#x200B; + +Why is this important? Well, when I look at this I see manipulation. We all know what was happening around this time and the CRSI was showing how hard the hedgies were keeping the stonk down before the March run up... Literally 18 straight days of price suppression and then — **KABOOM**! + +Fast forward to today... I started to notice something... The CRSI was floored again, just like it was in February but I needed more data to confirm, so I waited... And guess what you beautiful motherfuckers — **WE'RE HERE AGAIN!!** + +&#x200B; + +[June suppression @ 14 days and counting 🚀 ](https://preview.redd.it/sib3w3rqyg871.png?width=432&format=png&auto=webp&s=b12b7cd30fa52c2d3da2dba67ff3d7cb834ff444) + +☠️ KENNY'S FLAT LINING AGAIN ☠️ + +Historically, we've seen explosive price action after such a period of the stonk being oversold... I don't know how much longer they have until the next run up, **BUT IT AIN'T MUCH LONGER!** + +&#x200B; + +# TLDR; The stonk is oversold at levels we haven't seen since the March run up, which suggests that there's going to be a significant price movement toward the upside sooner than later. + +# TITS JACKED • NO DATES • BUY • HOLD • BUCKLE UP 🚀💎✊ + +Clearly, not financial advice... +More tendies for us apes, let's prove them wrong! 🚀🚀🚀 + +>We took a small short position in GME (167 USD). We will continuously hedge the position to avoid being forced out at an inconvenient moment for an inappropriate reason. +> +>The risk is that the market continues to value GME more like art, as to say there is no direct link to the capacity of generating earnings. It could be a symbol for the art of betting against the suits (that’s how many of these social media participants call Wallstreet’s elite). GME stands for the social media provoked short squeeze, like Kleenex for tissues, Zamboni for ice resurfacer, or Jakuzzi for a bubble bath. Any important influencers can restart the currently weakened spread of the narrative. Knowing this, other market participants might bet on exactly this occurrence and by their actions, increase the probability of it. +> +>However, I believe that time runs against them. The spread of the narrative tends to weaken over time. There will be new exciting subjects in our fast-moving world. +> +>The whole trade is based on masses trying to destabilize the offer and demand of the shares. There is no double cushion as to say that the holder benefits at one point from an intrinsic value in the form of dividends or liquidation (the trust of being able to perform both is often sufficient). This makes the trade very fragile during stressful market conditions. +> +>We should not forget that GME is still a retail company that faces declining revenues due to the online streaming competition, a company that has been looking for a buyer for years. Of course, the 550 million USD that the company managed to raise will influence its odds, but does this justify a 10-billion USD difference outcome? Also to be noted is that the company lost several key people. +> +>Many market participants have been caught on the wrong side of this trade. They will anticipate that this can happen again and take precautions. So, several significant hedge funds do not publish their short book on social media anymore to avoid becoming a target. Option sellers will increase the price of the concerned call options to make the trade less attractive. + +Source is Seekin Alpha, apparently linking to them is banned on this sub +Consider a salaried individual with high enough salary, say 50-60 LPA. The person ends up 30% + 1.2% + 3-3.12% (surcharge on tax for being above 50L)... <rough calculation for the sake of discussion> + +IS THERE A WAY for this individual to contract with the employer, not as an individual, but as a company (OPC?). If that is possible, then not only the tax slab goes down, a lot of expenses can be used for deductions... + +Just a thought. I could not figure out how to research whether this is possible or not... hence, asking the question here. + +If this is not an option, are there other ways to move away from being considered 'salaried individual' when you are working for an employer. What would be pros/cons for that arrangement, if there is any. +Thought I'd start a discussion - best investment you've ever made, was it luck, judgement, did you yolo off a tip from wall street bets? Here are my two: + + +1. In the recovery after the financial crash I was looking into banking/insurance shares as obviously, they were very low but risky af. Aviva seemed to be weathering the storm so I bought their pref shares at around 100p a share with \~8% yield. Didn't sell at the peak but got \~150p a share after compounding at 8% a year for 7-8 years. Was I lucky? Yes, I put my eggs in one basket rather than going for a corporate bond fund but on this occasion it paid off. +2. Went to a fine wine auction while on holiday as it was torrential rain and only thing happening in the town I was in listed in the local paper. There was a collection of miniature spirits from the 1960s. No one else wanted them so I got them for the min bid of £20. We drank all the benedictine and creme de menthe at a party but all the single malts I polished up and put them in a specialist whisky auction. Sold for £200! Right place, right time. +Like many of you, I try to read as much DD as possible, though I have to admit I don’t understand a lot of it. One good recent example is this post from u/thabat : + +[https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling\_in\_the\_deep\_dive\_hiding\_money\_in\_the/](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +It builds on other DD u/Criand has done to explain how SHF are able to hide money and shorts in the Caymans. If you haven’t read it yet, you really should. Now, as I said, I didn’t understand all of it, but there was one part that really stuck out to me, which was the discussion of the 1940 Investment Company Act: + +[https://www.govinfo.gov/content/pkg/COMPS-1879/pdf/COMPS-1879.pdf](https://www.govinfo.gov/content/pkg/COMPS-1879/pdf/COMPS-1879.pdf) + +“This Act regulates the organization of companies, including mutual funds, that engage primarily in investing, reinvesting, and trading in securities, and whose own securities are offered to the investing public. **The regulation is designed to minimize conflicts of interest** that arise in these complex operations. **The Act requires these companies to disclose their financial condition and investment policies to investors when stock is initially sold and, subsequently, on a regular basis.** The focus of this Act is on disclosure to the investing public of information about the fund and its investment objectives, as well as on investment company structure and operations. It is important to remember that the Act **does not permit the SEC to directly supervise the investment decisions or activities of these companies or judge the merits of their investments.**” + +Sounds good right? Except that apparently “Citadel files exemption from these rules every year since 2009 and is instantly granted.” + +[https://www.sec.gov/cgi-bin/browse-edgar?filenum=813-00397&action=getcompany](https://www.sec.gov/cgi-bin/browse-edgar?filenum=813-00397&action=getcompany) + +So this seems pretty obviously bad to me. I don’t understand why a monolithic investment firm should be allowed to be exempt from a bunch of laws that seem to directly pertain to them and their activities ‘just because they want to be.’ It has made me very angry (along with all the other BS this year, of course), and so I’m taking action, and I hope you’ll all join me. + +I’ve created a petition at Change.org with the goal of imploring the SEC to disallow Citadel from being exempted from the 1940 Investment Company Act. Now, I know what you might be thinking – you see these Change.org petitions pop up all the time, with people wanting you to support this and that cause, and you’re doubtful if they can actually have any impact; but if we can harness the power of the worldwide Ape movement and get MILLIONS of signatures, and then blast it at every relevant government official and agency, well, you never know. Something could happen. + +So here’s the petition: + +([https://chng.it/wK2qdMCCNF](https://chng.it/wK2qdMCCNF)) + +I will be cross-posting this to all relevant subreddits, and I ask that you share it with as many people as you can. Let’s see what we can do. + +**EDIT 1:** + +u/[LegateLaurie](https://www.reddit.com/user/LegateLaurie) has brought up an interesting point: + +"The 40 Act is designed for mutual funds where the general public buy shares. Companies regulated by the 40 Act are forced to have greater disclosure and certain kinds of compensation for managers (it's hard/impossible for ETF or mutual fund managers to have performance based pay (unless it's fulcrum fees)). + +>whose own securities are offered to the investing public + +Note, Citadel does not, and cannot sell securities to the "investing public" due to their exemption from the 40 Act. + +Hedge funds aren't meant to be regulated by the 40 Act, as only qualified investors are allowed to invest in them. This means the funds can take on more risk and don't need to disclose as much. Managers also take far higher fees. + +The reason that these firms have an exemption is to be able to take on far greater risk than the SEC believes is appropriate for the general public. This regulation came about in the aftermath of the Wall Street Crash where many members of the public were defrauded and where fund managers profited hugely with performance based fees meanwhile people lost out huge amounts of money. + +It is not like opting out of other regulations, because to opt out of the 40 Act means that the fund can only sell securities to "Qualified Investors" (a net worth of over a million or income over $200k)." + +So, okay. That might all be the legal reasoning behind the exemption; however, it still points to an unfair and imbalanced system where 'qualified investors' (i.e. the rich) can 'take on more risk' (i.e. do whatever they want) and have way less oversight on them. So it's still all bullshit. + +So if the Act doesn't apply to Citadel and other HFs, we need NEW STRONGER OVERSIGHT LAWS that do. + +**EDIT 2:** + +u/thabat has replied in the comments that the above is actually FUD: + +[https://www.reddit.com/r/Superstonk/comments/pefy3t/petition\_to\_disallow\_citadel\_being\_exempt\_from/haxw4k0/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pefy3t/petition_to_disallow_citadel_being_exempt_from/haxw4k0/?utm_source=share&utm_medium=web2x&context=3) + +**Edit 3:** + +More on the above discussion: + +[https://old.reddit.com/r/Superstonk/comments/pefy3t/petition\_to\_disallow\_citadel\_being\_exempt\_from/hayhg2q/](https://old.reddit.com/r/Superstonk/comments/pefy3t/petition_to_disallow_citadel_being_exempt_from/hayhg2q/) +Im finding it incredibly difficult to work out what to spend money on at the moment. + +As a background, growing up, my parents were divorced and had completely different ideas on money. My Dad despite having a 6 figure salary never spent money on anything, would buy discounted food, wear clothed with holes in; my Mum on the other hand was a teacher but was always incredibly generous with her money, and has the mindset that you can't take it with you when you go, so you might as well enjoy your life now. + +After years of being frugal and saving hard, my partner and I bought a house 3 years ago. We have now cleared most of our debts (from having to fill said house with furniture etc.) and are in a good place financially. I'm just now struggling with the balance of saving for home repairs/a rainy day and wanting to enjoy my life. (I try to set myself a budget of £100 a week for spending but I always feel guilty when I actually spend it) + +So my question to you guys is - how do you balance spending money for fun, and saving. What is it you allow yourself to "splurge" on? +Unfortunately, posts on this topic are not a rare occurrence here. Teenagers are often kicked out of their home without support, sufficient money, or time to prepare in advance, but there are some resources and options for teenagers in this situation. + +This guide also includes some information for teenagers who are at risk of being kicked out. + +# First, please seek help + +If you need help, there are confidential and nonjudgmental services with trained helpers that you can call or contact online. Sometimes these services get busy. If you can't reach someone right away, please try again until you reach someone. + +In the case of a life-threatening emergency, please call the police or the emergency telephone number for your country (e.g., 911 in the United States). + +In addition to the below resources, consider talking to an adult that you trust. There are many options such as: + +- A teacher, sports coach, or staff member at your school +- A school guidance counselor, school nurse, or doctor +- A relative that you trust +- A friend's parent or guardian +- A religious leader +- A neighbor + +## United States + +- Contact the National Runaway Safeline. They provide a valuable resource for runaway, homeless, and at-risk youth. The service is free, confidential, and available 24/7. + + **CALL 1-800-RUNAWAY** + + [**CLICK 1800RUNAWAY.org**](https://www.1800runaway.org/) + + **TEXT 66008** + +- You can also text "HOME" to 741741 in the US to communicate with a [Crisis Text Line](https://www.crisistextline.org/) volunteer anytime, about any type of crisis. Every texter is connected with a Crisis Responder, a person trained to bring texters from a hot moment to a cool calm through active listening and collaborative problem-solving. + +- In most of the US, you can also call 211. They will help connect you with resources. + +## United Kingdom + +- Contact [Childline](https://www.childline.org.uk). Childline is a free, private, and confidential service where you can talk about anything. + + **CALL 0800 1111** + + More information is located under [*Moving out / leaving home* on Childline](https://www.childline.org.uk/info-advice/bullying-abuse-safety/your-rights/your-rights/). + +- If you're in England, aged 16 to 25, and homeless or at risk, the [Centrepoint Helpline](https://centrepoint.org.uk/) offers advice and support to vulnerable young people. + + **CALL 0808 800 0661 (Monday - Friday, 9am - 5pm)** + +- [Here is some additional information about housing and +homelessness resources for young people in the UK.](https://england.shelter.org.uk/__data/assets/pdf_file/0005/23387/ShelterGuide_KnowYourRights.pdf) + +## Canada + +- Contact the [Kids Help Phone](https://kidshelpphone.ca/). + + **CALL 1-800-668-6868** + +- You can also text "HOME" to 686868 in Canada to communicate with a [Crisis Text Line](https://www.crisistextline.ca/) volunteer anytime, about any type of crisis. Every texter is connected with a Crisis Responder, a person trained to bring texters from a hot moment to a cool calm through active listening and collaborative problem-solving. + +- In most of Canada, you can also call 211. They will help connect you with resources. + +## Australia + +- Contact the [Kids Help Line](http://www.kidshelp.com.au/). + + **CALL 1800 55 1800** + +## Resources for other countries + +Country | Organization | Phone Number +-|-|- +Belgium (Dutch) | [Awel](https://awel.be/) | 102 +Germany | [Nummer gegen Kummer](https://www.nummergegenkummer.de/) | 116 111 +Ireland | [ISPCC](http://www.ispcc.ie/) | 1-800-666-666 +Italy | [Telefono Azzurro Rosa](http://www.azzurrorosa.it/) | Casi urgenti e SMS adolescenti: 337 427363 +Netherlands | [Kindertelefoon](https://www.kindertelefoon.nl/)| 0800-0432 +New Zealand | [Youthline](http://www.youthline.co.nz/) | 0800 376-633 +South Africa | [Childline](http://www.childline.org.za/) | 08000 55555 +**Other Countries** | [Child Helpline International](https://www.childhelplineinternational.org/) | [Find a Child Helpline](https://www.childhelplineinternational.org/child-helplines/child-helpline-network/) + +# Some housing options to consider + +Read through all of these before you settle on which options to try first. If it starts to be too overwhelming or you need help, please reach out to one or more of the resources listed above for advice and support. + +1. **If your home living situation was not abusive** and there is an option to make up with your parent(s) or caregiver, please consider it (even if it means a curfew, chores and hard work, or following rules you don't like). You can use this time to save up more money, find work, finish high school, and generally prepare for living on your own. + + If things are uncomfortable at home and you're allowed to simply spend more time elsewhere, that's often a good option to reduce tension at home. Some ideas: get a cheap gym membership, do your studying at the library, get a part-time job, join an after-school group, or volunteer. + + If you have fundamental disagreements with your family or caregivers and this would be a possible reason for you to be kicked out, it's probably best to delay announcing these until you're on your own and doing well independently. Maybe they are not great people. Maybe you don't believe in the same things. As long as you are safe, it can wait until you are in a better position to be independent. As they say, the best revenge is living a good life. + +2. It's generally illegal for your parent(s) or guardian to actually kick you out. **If your home living situation was not abusive**, one option to consider is contacting the police to get back into your home. + - If you're an underage child (under 18 in most of the United States) and not legally emancipated, it's almost always illegal for parent(s) or a guardian to kick you out. + - Even if you're an adult or legally emancipated, but living at home, it's generally illegal to kick you out without following the relevant laws including sufficient notice. The specifics depend on the circumstances and your location (you may consider posting to /r/legaladvice as well). + + Contacting the police may be unpleasant and you will need to listen to the police officer, but your parent(s) or guardian will also need to listen and allow you back into their home. You shouldn't be carrying anything illegal (drugs, alcohol if you're underage, or illegal weapons) in general regardless, but absolutely do not have any of those items on you if you contact the police. + +3. If you have any relatives that you can reach that would let you stay with them for any period of time, this is one of the best available options if you've been kicked out. Aunt or uncle lives in the next state? Call them and find a way to get there. Any non-abusive relative that you know is probably a better option than heading to a shelter. Grandparents, cousins, aunts, uncles, step-siblings, you name it. + +4. Failing that, your next best bet is to contact friends, crash on a couch, and ask anyone you know that might put up with you. Try to consider *any* workable and safe options. For example, your ex's parents liked you and you're on good terms? Call them and ask if you can sleep on their couch for a few days until you figure something out. + +5. While you're living on someone else's dime, in a place that isn't yours, friends, family, shelter, whatever it is, try you best to be on your best behavior. That means: + - Try to avoid drugs and alcohol. If you need help with substance abuse, please reach out to some of the resources linked above. + - Try to respect any rules of the household or establishment and stay out of trouble. + - Keep your space clean and maintain your personal hygiene. + - Try to avoid being a negative presence. + +6. It may be very difficult to find a better option, especially on short notice, but living and sleeping on the street is very dangerous, especially as a teenager. **Contact one of the above help lines and they will help you find a safe place to sleep.** + +# Preparing if you think you might be kicked out or may need to leave soon + +1. Try to avoid accelerating the process and use any time you have to save up money and prepare. Your own safety comes first, though. + +2. Try to make sure you will have a place to stay. If you can sleep on a couch for a month and save up more money before renting a room, do it. You want to save up money as much as reasonably possible. + +3. Try to have your birth certificate, identification, passport, diplomas and anything else you will need. Store important documents at the home of a trusted friend or family member if possible. Note that your parent(s) or guardian aren't obligated to give you their copy of certain documents and you should not put yourself at risk to retrieve these because you can order a copy later ([link for United States](https://www.usa.gov/replace-vital-documents)). + +4. Plan for the worst case even though it might not happen. Your parents may not support you going to school, fill out financial aid paperwork for you, etc. If you can't afford to pay for school on your own, you may need a different plan for continuing your education such as going to community college while working. + +5. If and when you need to spend money for a place to stay, try to spend as little money as possible on rent. That usually means renting a room instead of an apartment, having some roommates, etc. + +# Financial Accounts + +- Joint bank accounts can be emptied by either account holder at any time so if you're old enough to open your own bank account (18 or 19 in the United States), open a new bank account *at a different bank* from the one used by your family. [Local credit unions, online banks, and online credit unions are popular recommendations here. Use a local credit union if you will need to deposit cash.](https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions) + +- If you're not old enough to open an account where you live, see if an adult that you trust will help open a joint bank account with you. When you are old enough to open your own account, open one as soon as possible and transfer your money over. + +- Sign up for electronic statements and consider using a different postal address (e.g., the address of a friend or trusted adult) so statements don't get delivered to your home. + +- If you're having trouble finding an bank or credit union that will allow an adult that isn't a parent or guardian to open an account with you, the [Money account](https://www.capitalone.com/bank/checking-accounts/teen-checking-account/) offered by Capital One 360 is one option in the United States. + +- [Check your credit report](https://www.reddit.com/r/personalfinance/comments/ad5f5h/30day_challenge_1_get_on_top_of_your_credit/) and [freeze your credit](https://www.reddit.com/r/personalfinance/wiki/identity_theft) (sign up for credit monitoring before freezing your credit). + +# School + +## United States + +If you're still in high school, ask a guidance counselor or principal at your school about continuing your education. The McKinney-Vento Act is a federal law that mandates the right of students regardless of their housing status. The law provides resources and support including provide transportation, free meals, and other services. + +If you have questions about Federal student aid, and are homeless or at risk of becoming homeless read [this guide from the Department of Education](https://studentaid.ed.gov/sa/sites/default/files/homeless-youth.pdf). + +# Other resources + +- /r/almosthomeless +- /r/homeless +- [PF Wiki: Advice for high school students and teenagers](https://www.reddit.com/r/personalfinance/wiki/teachme) + +# Edits + +I've been making edits to this while going through all of the really helpful feedback so far. Here are a few things I'll be adding soon: + +- [Job Corps is a great option in the US for ages 16 to 24 (parent/guardian approval is needed under the age of 18)](https://www.reddit.com/r/personalfinance/comments/bgv0wy/what_to_do_if_youve_been_kicked_out_of_your/elnz2vw/). +- [There are many adults that young people can reach out to for help and advice.](https://www.reddit.com/r/personalfinance/comments/bgv0wy/what_to_do_if_youve_been_kicked_out_of_your/elo8kk1/) +What's up fellas at Theta Gang. I made a tool called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of some popular stocks. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +\***Smaller Accounts:** I made [this list earlier in the week](https://www.reddit.com/r/thetagang/comments/l1jagq/iv_report_high_iv_tickers_with_share_price_under/) that highlights cheaper stocks. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|AMC - AMC Entertain...|577M|$3.51|278%| +|GME - Gamestop|4.53B|$65.01|258%| +|MARA - Marathon Patent...|1.16B|$18.34|207%| +|RIOT - Riot Blockchain...|1.42B|$20.91|185%| +|DGLY - Digital Ally In...|72M|$2.63|157%| +|NNDM - Nano Dimension ...|143M|$14.32|155%| +|FUBO - fuboTV Inc|2.55B|$37.90|153%| +|JMIA - Jumia Technolog...|0|$57.05|151%| +|SOLO - Electrameccanic...|666M|$8.21|150%| +|QS - QuantumScape Co...|10.3B|$49.81|144%| +|LAZR - Luminar Technol...|7.44B|$33.20|138%| +|CODX - Co-Diagnostics ...|332M|$11.65|135%| +|ARCT - Arcturus Therap...|1.65B|$67.15|130%| +|SBE - Switchback Ener...|1.24B|$39.63|128%| +|TLRY - Tilray Inc - Cl...|2.4B|$17.98|125%| +|GSX - Gsx Techedu Inc...|0|$92.95|125%| +|BLNK - Blink Chargin...|1.59B|$44.05|124%| +|APXT - Apex Technology...|557M|$15.63|124%| +|SRNE - Sorrento Therap...|2.53B|$9.62|124%| +|WKHS - Workhorse Group...|2.83B|$23.45|118%| +|PLUG - Plug Power Inc|27.8B|$66.43|116%| +|PLTR - Palantir Techno...|48B|$32.07|116%| +|COTY - Coty Inc - Clas...|4.84B|$6.25|116%| +|OSTK - Overstock.com I...|2.9B|$68.08|114%| +|ACB - Aurora Cannabis...|1.51B|$10.64|114%| +|APHA - Aphria Inc|3.85B|$12.89|113%| +|HYLN - Hyliion Holding...|2.68B|$17.36|110%| +|SPCE - Virgin Galactic...|8.03B|$34.15|108%| +|CRSR - Corsair Gaming ...|3.53B|$38.46|108%| +|XPEV - XPeng Inc - ADR...|0|$56.34|107%| +|LMND - Lemonade Inc|8.69B|$153.15|103%| +|BBBY - Bed, Bath & Bey...|3.68B|$29.73|98%| +|NKLA - Nikola Corporat...|7.72B|$20.06|95%| +|FSLY - Fastly Inc - Cl...|10.6B|$103.20|93%| +|AI - C3.ai Inc - Cla...|0|$126.90|93%| +|ABNB - Airbnb Inc - Cl...|110B|$180.72|91%| +|APPS - Digital Turbine...|6.03B|$67.14|91%| +|RIG - Transocean Ltd|1.69B|$2.71|90%| +|PINS - Pinterest Inc -...|45.2B|$73.61|89%| +|NIO - NIO Inc - ADR|96.6B|$61.87|87%| +|SFIX - Stitch Fix Inc ...|6.1B|$94.01|86%| +|GRWG - GrowGeneration ...|1.84B|$49.49|85%| +|DASH - DoorDash Inc - ...|0|$193.17|85%| +|SNAP - Snap Inc - Clas...|79.8B|$53.41|84%| +|UPWK - Upwork Inc|5.05B|$41.06|84%| +|LL - Lumber Liquidat...|858M|$29.58|83%| +|ENPH - Enphase Energy ...|26.8B|$212.25|83%| +|CNK - Cinemark Holdin...|2.31B|$19.56|81%| +|PSTH - Pershing Square...|5.84B|$29.10|81%| +|FVRR - Fiverr Internat...|7.85B|$243.49|80%| +|CGC - Canopy Growth C...|12.6B|$33.64|80%| +|PRPL - Purple Innovati...|2.32B|$38.02|79%| +|CRSP - CRISPR Therapeu...|13.4B|$187.81|79%| +|IQ - iQIYI Inc - ADR...|15B|$20.69|79%| +|X - United States S...|4.17B|$18.90|79%| +|PENN - Penn National G...|17B|$109.33|77%| +|W - Wayfair Inc - C...|21.8B|$299.37|77%| +|MRNA - Moderna Inc|51.8B|$130.83|77%| +|CRON - Cronos Group In...|3.79B|$10.65|76%| +|HOME - At Home Group I...|1.62B|$24.93|76%| +|U - Unity Software ...|41.7B|$154.93|76%| +|HUYA - HUYA Inc - ADR|414M|$24.08|75%| +|DKNG - DraftKings Inc ...|20.6B|$52.78|75%| +|CVNA - Carvana Co. - C...|12.8B|$272.75|74%| +|SEDG - Solaredge Techn...|16.5B|$318.57|74%| +|GLUU - Glu Mobile Inc|1.71B|$9.81|73%| +|FROG - JFrog Ltd|5.91B|$64.82|72%| +|TWTR - Twitter Inc|38.2B|$48.05|71%| +|NET - Cloudflare Inc ...|25.7B|$83.80|71%| +|TSLA - Tesla Inc|803B|$843.86|71%| +|OXY - Occidental Petr...|20B|$21.45|71%| +|SAVE - Spirit Airlines...|2.7B|$27.62|70%| +|PTON - Peloton Interac...|40.8B|$159.88|70%| +|BIDU - Baidu Inc - ADR...|88B|$252.66|69%| +|BYND - Beyond Meat Inc...|8.82B|$141.88|69%| +|ETSY - Etsy Inc|26.9B|$213.13|69%| +|DDOG - Datadog Inc - C...|21.8B|$104.97|69%| +|NCLH - Norwegian Cruis...|5.28B|$24.59|68%| +|F - Ford Motor Co.|45B|$11.54|68%| +|ROKU - Roku Inc - Clas...|53.7B|$421.30|68%| +|M - Macy\`s Inc|4B|$12.87|67%| +|TTD - Trade Desk Inc ...|34.1B|$814.46|66%| +|CCL - Carnival Corp. ...|22.3B|$20.23|66%| +|RKT - Rocket Companie...|2.31B|$20.02|65%| +|TAN - Invesco Capital...|4.94B|$120.91|65%| +|UAA - Under Armour In...|7.75B|$18.55|64%| +|FEYE - FireEye Inc|5.16B|$22.64|64%| +|Z - Zillow Group In...|33.4B|$145.47|64%| +|SHAK - Shake Shack Inc...|4.26B|$110.49|64%| +|ZNGA - Zynga Inc - Cla...|11.6B|$10.71|64%| +|AAL - American Airlin...|9.57B|$15.79|64%| +|ZS - Zscaler Inc|29.1B|$216.33|63%| +|NOK - Nokia Corp - AD...|2.75B|$4.21|63%| +|BIG - Big Lots Inc|1.89B|$50.76|62%| +|CHWY - Chewy Inc - Cla...|41.9B|$104.72|62%| +|EAT - Brinker Interna...|2.86B|$62.97|62%| +|RCL - Royal Caribbean...|16.1B|$72.00|61%| +|DBX - Dropbox Inc - C...|7B|$22.14|61%| +|LYFT - Lyft Inc Cls A|14.8B|$47.99|60%| +|SNOW - Snowflake Inc -...|14.5B|$285.83|60%| +|SQ - Square Inc - Cl...|94.7B|$222.35|60%| +|LB - L Brands Inc|12.6B|$45.37|60%| +|ICLN - BlackRock Insti...|6.84B|$32.88|59%| +|CREE - Cree, Inc.|12.6B|$114.32|59%| +|TWLO - Twilio Inc Clas...|55B|$392.03|59%| +|SE - Sea Ltd - ADR|103B|$235.95|59%| +|YETI - YETI Holdings I...|6.11B|$69.72|59%| +|CHGG - Chegg Inc|12.5B|$97.16|58%| +|TDOC - Teladoc Health ...|38.1B|$261.85|58%| +|ZM - Zoom Video Comm...|110B|$382.66|58%| +|DISH - Dish Network Co...|16.2B|$30.95|58%| +|ARKG - ARK Investment ...|10.5B|$110.40|57%| +|AMD - Advanced Micro ...|112B|$93.00|57%| +|SMAR - Smartsheet Inc ...|8.87B|$72.26|57%| +|ESTC - Elastic N.V|14.8B|$169.10|57%| +|CZR - Caesars Enterta...|13.4B|$79.32|57%| +|WYNN - Wynn Resorts Lt...|11.6B|$107.80|56%| +|SHOP - Shopify Inc - C...|144B|$1198.32|56%| +|UAL - United Airlines...|12.3B|$42.17|56%| +|HAL - Halliburton Co....|17B|$19.16|56%| +|MGM - MGM Resorts Int...|15.5B|$31.58|55%| +|UBER - Uber Technologi...|95.8B|$54.28|55%| +|GPS - Gap, Inc.|8.45B|$22.58|54%| +|SPOT - Spotify Technol...|61.4B|$341.11|54%| +|VALE - Vale S.A. - ADR...|90.9B|$17.20|53%| +|MELI - MercadoLibre In...|98.2B|$1968.40|53%| +|WDC - Western Digital...|15.4B|$50.81|52%| +|CRWD - Crowdstrike Hol...|42B|$223.66|52%| +|TEVA - Teva- Pharmaceu...|13.7B|$12.51|51%| +|GM - General Motors ...|79.3B|$55.41|51%| +|MTCH - Match Group Inc...|36.5B|$141.45|51%| +|TEAM - Atlassian Corpo...|31.1B|$235.53|50%| +|EXPE - Expedia Group I...|18.6B|$136.81|50%| +**THIS IS FUCKING HUGE** + +NSCC decided not to margin call. Why? + +* [See for yourself](https://i.redd.it/y40fvix0yau71.png) +* edit: p.31 SEC report, [sauce](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) +* "Exercised its... discretion" (i.e. "we do what we want") +* Used discretion to NOT margin call. Not because the situation didn't merit it (it did), but because ?? +* NO CRITERIA IS GIVEN WHY IT WAIVED MARGIN +* How many firms were affected by the underlying asset? +* How much were they underwater/what was the VaR? +* What *WAS* the threshold? When *WOULD* the NSCC have made a margin call? +* Why was the NSCC so certain the underlying asset would not become *MORE* volatile and further expose the numerous firms to *MORE* risk? *WHAT ASSURANCES DID THEY HAVE?* + +This all implies the NSCC **KNEW** the stock would become "involatile" - i.e. buy button would be turned off as a solution, or worse - and that it wanted to protect its members ahead of any other interest. + +HOLY SHIT +As the title says, can the stalking of DFVs account stop. We have known for the past year that even though he isn’t posting he is still active. No need for 10+ new posts every day screaming “OMG he has gained 5 more karma in the past 5 minutes”. It’s just weird + +EDIT: Do whatever you want, it’s a free world. Just wanted to see if I was the only one thinking it is a little weird +The market at ATH deserves a separate thread. I was sitting on a decent chunk of cash in the hope market will crash. I have 5-6L sitting on a savings account. I am aware time in the market beats timing and that's why I continued my SIPs but need to park savings account money somewhere. What are you guys doing? +I’m in my mid-30’s and I just sold my business. I received $11.5 million post-tax. Here’s my plan. Please critique. + +I have a multi-year employment agreement with the buying company so I won’t need any cash flow from my investments for a few years, at least. + +At the end of my working commitment, my goal is to have $250k/year to enjoy life and another $250k/year to invest back in my personal balance sheet. + +1 - I’m going to use $500k to buy a new house +2 - I’m going to set aside $1 million for future business endeavors +3 - Invest $5 million in an 80/20 stock/bond ETF portfolio. I’m leaning towards a robo advisor with tax loss harvesting. + +I’d like to invest the remaining $5 million in rental property, as I have some experience in the space, but I don’t want to take an active role in the investments. + +I’m looking at trying to invest in 10-20 deals as an equity partner. Anyone have experience in real estate private equity? + +I’ll share my journey here over the next few years! + +(This is my first reddit post ever, I look forward to a lot more!) +Here's his article https://thegoldforecast.com/video/silver-benefits-redditt%E2%80%99s-wallstreetbets-forum-there-more-story + +My email to him. +Hi Gary I have read many articles similar to Yours in the past day that reddit users are behind this silver push. I'm sorry to say this is not the case. I understand you implied that according to CNBC reports it isn't understood whether it is longtime reddit users or perhaps larger organisations at play here. I don't consider myself a long time user but I joined the community at a mere 1.8m members. That number in the few months I have been a wallstreetbets member has ballooned to 8milion+. I would urge you to check out the site and see for yourself the overwhelming sentiment that silver is simply a distraction. We love GME stock, we are not bored of it and the due diligence shows evidence that an extraordinary short interest DOES still exist for it. It would be wonderful to see a detailed article on this and I'm CERTAIN this would attract a lot more attention and clicks than another WSB LOVES SLV article. I'm not trying to demean your work in any way. +Hope you have nice day, all the best. +Yours, Jordan. + +P.S I really appreciate that your email address is on your article because even if I don't get a reply it makes you seem very easy to contact... A feature not shared with a lot of journalists. So thank you! + +His response: + +jordan + +Thanks for your email. I want to report the truth as accurate as possible. So your email helps me clarify what is really going on. I did join the site over the weekend. + +Gary Wagner + +Let's send journalists some love and welcome them because we need all the help we can get against MSM + +Edit - I've had quite a lot of messages concerning WSB's interest in silver dating back from long ago, long before I was a member so I just wanted to clarify something. +Here is a clarification : +I wanted to reflect the disparity between how few silver posts I was seeing on wsb in and around the time of the media hype and how so many media outlets were pushing the " WSB's next target is silver!" agenda. Of course this community is so big that there must be lots of diversity and it was a little ham-fisted to suggest nobody on the sub is buying silver. The important point in my mind was that MSM as I saw it had blanket reported something about the subreddit I believed was an inaccurate representation of the real sentiment. +Recently joined the company and working on the portfolio page which shows your stocks, mutual funds, bonds, etc holdings. + +I’m aiming to design this page as clear and simple to the user as possible. But I also want to provide good infographics and value so that the user can make an informed decision. + +Some questions: +-What would you like to see in your portfolio page? + +-Which apps do you guys consider has the best portfolio view? +I wrote this out for a friend, thought it might be helpful to share here too. The goal is to provide some context for beginners and show how to get started. I’m open to questions from anyone trying to learn, or critiques from the veterans. + +First off the rule of thumb is to only have your emergency fund and expected upcoming expenses in cash, everything else should be invested. Think about how much cash you need, and in the meantime you can start small by investing a little bit each month and increasing your contributions as you get more comfortable. For how you should be investing, I’m going to recommend putting everything into a Total Stock Market Index Fund. + +A Total Market Index Fund tracks the performance of the entire US stock market. The way it works is it has almost 3,700 different stocks in it, each weighted based on their total value in the stock market. For example Apple is the biggest company in the US by market value, worth 6.5% of the entire stock market. Microsoft is the next biggest at 5%. So if you have $100,000 invested in a Total Market Index Fund, it’s like you actually have $6,500 invested in Apple, $5,000 in Microsoft, and so on based on each of the 3,700 stocks weighted values. + +The S&P 500 is another popular index fund. It is comprised of the 500 biggest companies in the US and makes up over 2/3 of the total stock market, so it has a lot of overlap with the Total Stock Market Index Fund, but it has a little less exposure since it excludes the smaller companies. Historically the performances of these two indexes have been nearly identical. + +The S&P 500 and Total Stock Market have had over 13% annual growth over the last 10 years, so in that timeframe $100,000 invested would’ve grown to ~$370,000, which is a great example of how powerful investing is over sitting on cash, but it’s also important to note that past performance does not guarantee future performance. These last 10 years have had particularly strong growth, and I’d be surprised if it keeps that pace. + +The Total Stock Market fund and S&P 500 fund are both synonymous with “the Market,” and are two examples of low-cost, passively invested index funds. Index funds seek market average returns, but there are thousands of actively managed mutual funds to choose from which are more expensive and exist on the belief that they’ll “beat the Market.” Some do, but in reality most end up underperforming, which is why I’m recommending a cheap and easy index fund. + +You can find these funds at any of the big investment firms: choose from either Fidelity, Vanguard, or Charles Schwab. To use Fidelity’s Total Stock Market Index Fund, FSKAX, there’s no minimum investment, and the fee is only 0.015%, so every $1,000 you have invested will cost you 15 cents each year. Good practice for investing is to consistently contribute every month, as much as you can afford. You can do things like set up direct deposit to have a portion of your paycheck go straight to your investments, or automatically transfer some amount from your bank like $500 every month, or just contribute each month based on how much you have available. They have good customer service that will help you get setup. + +Note on the power of compounding interest: Historically the market has averaged 10% annual returns. At that rate of growth, if you were to invest $1,000/mo for 40 years, you would end up with over 5 million dollars, having contributed a total of $480,000. $500/mo would get you over 2.5 million dollars from $240,000 in total contributions. + +Afterthought: Investing is much easier than most think, you just need to find the right fund(s) and contribute monthly, can even set that up automatically. It does get slightly more complex as you get older and as you accumulate more wealth. Once you cross a certain threshold of wealth, and I’m talking $200,000+ invested, it’d be a good idea to get more diversified. And as you get closer to retirement, you’ll want to invest more conservatively. But both of those are just a matter of adding a couple more funds to your portfolio and choosing how much you want in each one. + +Key concepts to learn +- Asset Allocation: Stocks vs Bonds +- Market Cap: Large vs Mid vs Small +- Growth vs Value stocks +- Rebalancing +- Dollar Cost Averaging +- Paying off Debt vs Investing +- Retirement Accounts: Tax benefits, Roth vs Traditional, 401(k) vs IRA +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 262144 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +I am so proud of all of our community right now. I've only been a shareholder since January, but with prior episodes of volatility there would always be a lot of noise surrounding uncertainty, anxiety, or fear regarding price manipulation by the hedies. + +This time, though, there is nothing but excitement to average down your position. + +It might not be as noticeable to younger apes, but it's freaking incredible, and I couldn't be more proud. + +It's impossible to know when the inevitable will occur, but at this point it just doesn't matter. +I can seemingly view ether prices for any point in the past, but not for anything in the future. If someone could build a price chart (or reconfigure an existing one) to show the future ether price, I think I could make a much more informed decision on when to buy. +We are in dire need of staff which I assume is the reason for the higher than normal starting wage. But I feel underappreciated because of this. + +IMO if they can afford to pay new people as much as they are, they can afford to pay me more. + +Is it wrong of me to ask for a few more dollars per hour raise with this being the only reason? It's been awhile(a year or so) since I have gotten a raise and perhaps I'm using this as an opportunity to ask for more? + +I'm not sure if I am thinking about this correctly. + + + +Thoughts? + +Thanks in advance. + + +EDIT: The consensus is that it is wrong to consider asking for a raise simply due to how much new hires are making, regardless of time in the company considering my work ethic. I agree but was not seeing it that way. + +If anyone has more to add beyond that I would be happy to hear it. + +I appreciate the answers and honesty. Thank you all. + +Edit two: Well this got bigger than expected. I cannot express how much the priceless advice means to me. I have been humbled in more ways than one. + +I promise I will reply to everyone when not on mobile. I really really really appreciate everything said, good and bad. I needed the kick in the teeth honestly. I apologize to those I reacted to negatively in the beginning. I see your point of view and respect it. + +What a great sub this is. I work nights so it's time for housework now. I *will* get back to you all tonight. + +Thank you. Thank you. Thank you again. + +. + +Edit three: So I have spent several hours replying to as many people as I can, but I'm saying much the same thing to everyone so I'll just say it here. + + + I have learned quite a few things from this post. I think an honest upfront conversation with my manager is in order, with the knowledge it may lead nowhere. I have not done any research into what someone with my position and experience is worth. If it had been another, larger, company than my current one I can only assume I would of had more *opportunity* to move up. **BUT** considering my attitude towards my current line of work / the way I have approached it these past 5 years(coasting), I do not think I would have received those promotions. And that's okay. That just means I need to change. I need to improve. + + +*I need to move on.* + +This job is not something I would have pictured working for 7 years when I was fresh out of high school. I like the work but it's just not for me anymore. It's not a career by any means. A career is something I have thought about for a long time. Something I really want. I am not sure what was holding me back, fear complacency laziness? Probably all of the above. I regret wasting so much of my time. + + + +So in regard to the main point here: I do understand and agree that tenure *alone* is not sufficient for a raise, and is certainly a weak argument to make to your boss *if* in that time I have not provided more than a body for the company. Which is the case for me. I also understand the need for the higher wages the new employees will be earning. Seems to simply be a market value thing. We need people badly, so it only makes sense you would offer more money to draw people in. I can respect that in conjunction with my current wage considering the effort I put in and all I offer. + +I really appreciate the advice, the kind words, and you sharing your experiences with me. I needed to hear *all* of it. It has helped me in so many ways. This post will literally change my life, even outside of my job. I won't be replying to many more people, but I will be reading every comment. + +Sorry for the wall of text. Considering what this has all meant to me, I felt the need to express it. + +Take care everyone, best of luck to you and yours. I appreciate it, so much. +## Bingus built an animal shelter! + +Bingus has donated $5k USD to Angels in Wheelchairs based in São Paulo, Brazil! This sum will not just feed the animals, but will facilitate **a complete rebuild of the shelter**, giving top class housing for all the 36 dogs and more when needed. + +Find the full info [here](https://telegram.me/BingusNetworkOfficial/14852) + +## Launch + +**Bingus Network will launch exclusively on ApeSwap on August 30th!** + +ApeSwap are fast becoming the dominant swap protocol on BSC. Competition breeds innovation, and ApeSwap have proven they’re ready to take control from PancakeSwap and become a community favourite! + +## New Partnerships + +As well as being an ApeSwap exclusive launch Bingus Network is also featured on **MadLabs’ upcoming NFT project!** It’s a privilege to be chosen and supported by both communities! + +Bingus Network will now benefit from having expertise from MadLabs and ApeSwap on their advisory board. + +**Together with support from devs of Bogged Finance, RisingSun, and Olympus this will surely benefit the community, knowing we have the best minds on BSC supporting it!** + +## Whitepaper + +In typical Bingus fashion a lot of care, time and thought has been put into it. This isn’t your typical BSC copy and paste. It’s uniquely designed by some great graphic artists, written and proof read with great care, and a well constructed historical perspective of the achievements of Bingus to date! **Oh, and those insanely bullish custom crafted tokenomics!** + + +- - - - + +## Important Links + +**Make sure to drop by the Telegram for any questions, curiosities, or details you could need! It’s comfy and informative!** + +**Telegram:** https://telegram.me/BingusNetworkOfficial + +**Website:** https://bingus.io + +**Twitter:** https://twitter.com/bingus_network + +- - - - +I have been taking some looks at the Level 2 information and it seems that when "they" want to drop the price, "they" use smaller lots of bids and asks - today was lots of 11 - 11 shares were being traded back and forth the entire time we saw a drop in the price down by $10. Other apes have noticed this before. See image 1. + +[IMAGE 1](https://preview.redd.it/8gusyrg3qru61.png?width=2805&format=png&auto=webp&s=453ebbfcddae1c074a635b3e8257da2d0e48d89e) + +I then noticed they stopped trading in these lots, see image 2 below. It went back to the "normal" lots of 100 shares each. I also happened to notice that yesterday (April 21st) "they" did not use this smaller lot tactic to lower the price, there were only these large lots of 100 basically. I think they may have thought sentiment had changed, maybe they saw a shift in our community and decided this would be the best time to make it drop and seem like people are selling + +[IMAGE 2](https://preview.redd.it/lw8nxayppru61.png?width=2833&format=png&auto=webp&s=238fc13b8da52796bc95c48ea8f0c602623e550f) + +I then noticed this sell wall go up. See image 3 1450, at 149. I think they are lowering the price, then trying to prevent it from going back up. + +[IMAGE 3](https://preview.redd.it/6t9im6yppru61.png?width=3011&format=png&auto=webp&s=ff2722813d5cf2c24fd84437b760c37a0ff04e71) + +I think they may have raised capital to prevent a margin call and potentially keep this whole charade going longer than they expect. They may be using DD against us that are promising dates to generate fatigue. I think we are in for a longer haul than we might expect here. Don't lose interest. + +~~They may be synthetically inflating some cryptocurrencies to prevent a margin call. Look at this shit:~~ + +[~~https://coinmarketcap.com/currencies/capital-x-cell/~~](https://coinmarketcap.com/currencies/capital-x-cell/) + +Edit: Weird I have never seen an instant downvote before, someone either troll/shill is instantly downvoting our posts. + +Edit 2: Check out this post on "odd lots": + +[https://www.reddit.com/r/Superstonk/comments/mu8x6r/trader\_using\_odd\_lots\_to\_avoid\_detection\_omitting/](https://www.reddit.com/r/Superstonk/comments/mu8x6r/trader_using_odd_lots_to_avoid_detection_omitting/) + +Some more info on odd lots: + +[https://www.investopedia.com/odd-lot-trading-on-the-rise-4774753](https://www.investopedia.com/odd-lot-trading-on-the-rise-4774753) + +[https://www.wsj.com/articles/SB119501231584492459](https://www.wsj.com/articles/SB119501231584492459) + +I am a bit too smooth brained to figure out exactly what they might be doing here. +So as you can tell, I'm new to investing. As of now, I'm reading up on how to invest on Zerodha Varsity and playing around with a bit of money. + +One thing I have noticed is that I panic and sell stocks with +1.5% profit because I fear they'll fall and I'll somehow end up in losses. + +How do you guys face this issue (and whether this happens for you)? What % profit are you usually looking for? +Like the title says, I was curious how much I spent on commission YTD, and I was shocked to see I spend 11k on commission alone, so that's like 1k a month in commission, holy fuck! + +My trading strategy involves selling naked puts and credit put spreads, and I've been ramping up the number of options I sell as my portfolio grows. + +Fortunately YTD my cap gain is around $680k, so the commission is only 1.6% of my gain. I'm curious how much are you spending on fees. + Edit 3: [NEW GME FILING!](https://www.reddit.com/r/Superstonk/comments/u8xow1/new_form_def_14a_for_gamestop_corp/?utm_source=share&utm_medium=web2x&context=3) Watch for the online user count to grow organically now! + +Hello apes, + +If you're unsure of who I am, I'm a guy who tracks the stats of the community as well as other various GME subs and subs across Reddit ([latest post on this for reference](https://www.reddit.com/r/Superstonk/comments/tj3rhm/counter_argument_i_dont_think_were_seeing_the/?utm_source=share&utm_medium=web2x&context=3)) and recently took up the job of compiling a [master list for BCG scandals](https://www.reddit.com/r/Superstonk/comments/u55n5k/request_help_me_create_a_master_list_of_companies/?utm_source=share&utm_medium=web2x&context=3) (still in process). + +How do you all feel about yesterday’s FUD? Because it sure as hell pissed me off. I gauge when big news drops by how many people are online in the sub. For example, when the stock split dividend was announced, this sub had a peak of 45k users online. Naturally, when I saw the sub was at 35k users online around 12:00PM ET, I thought, "Oh shit, stock dividend info must be dropping at this very moment." I was pissed off to find no such post existed and in fact, we were deep in a forum slide with [this post](https://www.reddit.com/r/Superstonk/comments/u7x9sl/why_is_this_getting_hidden_the_nscc_has_proposed/?utm_source=share&utm_medium=web2x&context=3) claiming that the new rule **SR-NSCC-2022-801** is going to stop MOASS. + +While I agree it's a shady rule that is meant to screw retail over, not a single person had a counterargument to it. The FUD that this rule will certainly stop MOASS was overwhelming. + +Guys, the thesis hasn’t changed. SHF still need shares. We will not provide them with such shares. MOASS is inevitable whether it's tomorrow or not. + +Here’s the thing, the bots are still here. In case you don’t believe me that bots are still overrunning the sub, take a look at these stats below. This is the average online count for Thursday mornings at 10:00AM ET for the last 30 days along with current user counts across the subs I track with a few new subs. + +KryptoKurrency | Average Count - 4210 | User Count – 7700 + +DDintoGME| Average Count - 125 | User Count – 143 + +Diablo | Average Count - 244 | User Count – 535 + +DnD | Average Count - 2626 | User Count – 5045 + +DunderMifflin | Average Count - 2843 | User Count – 5036 + +GME | Average Count - 2319 | User Count – 4025 + +GMEJ - ungle | Average Count - 1974 | User Count – 3047 + +Jigglefuck | Average Count - 264 | User Count - 398 + +NSFW\_GIF | Average Count - 2006 | User Count - 3899 + +StockMarket | Average Count - 791 | User Count - 2792 + +**SuperStonk | Average Count – 22207 | User Count – 36463** + +Popcornstock | Average Count - 6299 | User Count - 7334 + +criticalrole | Average Count - 545 | User Count - 574 + +dogkoin | Average Count - 676 | User Count - 1114 + +fidelityinvestments| Average Count - 86 | User Count – 95 + +gaming | Average Count - 10402 | User Count - 7158 + +lotrmemes | Average Count - 1654 | User Count - 1782 + +mildlyinteresting | Average Count - 8559 | User Count – 8086 + +nba | Average Count - 12640 | User Count – 24197 (NBA Playoffs hype) + +politics | Average Count - 13554 | User Count - 16319 + +rupaulsdragrace | Average Count - 1375 | User Count - 1743 + +stocks | Average Count - 3232 | User Count – 9699 + +trees | Average Count - 1638 | User Count – 2750 + +**UUSB | Average Count - 14634 | User Count – 47847** + +While some subs are slightly over their norm, Superstonk and UUSB are WAY above their averages. I know Netflix took a shit this week and UUSB has been frothing at the mouth over it, but come on. + +Apes, I know you're retarded, but you're not stupid. When major FUD comes on a nationally recognized ape holiday, we need to be smarter. I'm not saying don't get pissed off. I'm saying don't act off of anger or fear. Give it 24-48 hours. Think rationally. Talk with others in the sub about it and let's come to a consensus. + +End rant. + +Edit: [Here's DLauer's](https://twitter.com/dlauer/status/1517150235964760068)[ Twitter post on the new rule questioned above](https://twitter.com/dlauer/status/1517150235964760068). Here's the quote if you don't have a Twitter, " Ok, it's clear that there's a ton of demand for more information here. My first read is that this rule is NOT doing what some of the more extreme views online think it's doing. I would caution everyone about jumping to conclusions on it. I'm trying to setup either a space or AMA." + +and + +"An expert in the space has told me that the rule is the NSCC's attempt to compete with the OCC Stock Loan program, so it's not like this is a dramatic change to market structure:" + +Edit 2: In case anyone wants to keep up with more stats for today. This is the average online count for Thursday afternoons at 4:00PM ET for the last 30 days along with current user counts across the subs I track. I've also included percentage increase/decrease from the average and the percentage increase/decrease since this morning. + +KryptoKurrency | Average Count – 4850 | User Count – 6579 | +35.65% | -14.6% + +DDintoGME| Average Count – 105 | User Count – 78 | -24.7% | -45.5% + +Diablo | Average Count - 312 | User Count – 728 | +133.3% | +36.1% + +DnD | Average Count – 2899 | User Count – 6281 | +116.7% | +24.5 + +DunderMifflin | Average Count - 1803 | User Count – 2700 | +49.8% | -46.4% + +GME | Average Count - 2284 | User Count – 3280 | +43.6% | -18.5% + +GMEJ - ungle | Average Count - 2089 | User Count – 2967 | +42% | -2.6% + +Jigglefuck | Average Count - 266 | User Count – 459 | +72.6% | +15.3% + +NSFW\_GIF | Average Count - 2053 | User Count - 3993 | +94.5% | +2.4% + +StockMarket | Average Count - 831 | User Count – 2598 | +212.6% | -6.9% + +**SuperStonk | Average Count –23220 | User Count – 36134 | +55.6% | -0.9%** + +Popcornstock | Average Count - 5215 | User Count – 7900 | +51.5% | +7.7% + +criticalrole | Average Count – 594 | User Count – 1144 | +92.6% | +99.3% + +dogkoin | Average Count - 626 | User Count – 1185 | +89.3% | +6.4% + +fidelityinvestments| Average Count – 97 | User Count – 94 | -3% | -1% + +gaming | Average Count - 12969 | User Count – 11503 | -11.3% | 60.7% + +lotrmemes | Average Count – 1180 | User Count – 1629 | +38.1% | -8.6% + +mildlyinteresting | Average Count - 7589 | User Count – 10085 | +32.9% | +24.7% + +nba | Average Count - 13210 | User Count – 26237 | +98.6% | +8.4% + +politics | Average Count – 13627 | User Count – 18340 | +34.6% | +12.4% + +rupaulsdragrace | Average Count - 1544 | User Count – 2191 | +41.9% | 25.7% + +stocks | Average Count – 3094 | User Count – 8931 | +188.7% | -7.9% + +trees | Average Count – 1706 | User Count – 3112 | +82.4% | 13.2% + +**UUSB | Average Count - 15293 | User Count – 48018 | +214% | 0.4%** + +**It may not seem significant based off of percentage increases. The oddity is the active users for Superstonk has a difference of 329 users and UUSB has a difference of 171 in the last 8 hours. Considering Superstonk has 770,704 members and UUSB has 11,984,989 members, I find this incredibly suspicious.** +My daughter is starting at State U. in the fall. When she was applying, I tried to figure out if we needed to fill out the FAFSA, and I couldn't find a definitive answer (I even checked this sub). Our household income is too high to qualify for any financial aid. In addition, I have some tuition benefits through my job, and she received a large merit scholarship, basically making it a free ride. So I ignored all of the reminders and warnings about FAFSA deadlines, etc. And honestly I felt like my income and assets were none of their business. + +Well lo and behold, her course registration is now on hold because of a missing FAFSA. I chatted with the financial aid office yesterday, and they explained why they need the FAFSA: + +1. For evidence of in-state residency. Her scholarship comes from state sources and covers in-state tuition only. +2. For evidence that we're legal US residents, etc. + +I was still able to fill it out and submit it yesterday, and supposedly it will only take a few days to process. So we should be OK. But I'm posting this as a heads-up to anyone else who might be in the same boat. Your mileage may vary (especially at private schools). +I’m 18, have $400 in Robinhood in individual stocks, working in retail making 15/hr. I also have $350 in a Roth IRA +My dad doesn’t know I am investing, because he’s anti investing (he was burned real bad in Enron scandal) but I’ve done my research and decided to put a little into the market. + +I am wondering if dividends are worth it for me? Because if invest in dividends, I will have to file them on my tax return and he does my taxes. +OR +I can wait until I move out in a year or two, and then start dividend investing but I think it would be worth it to start now. Even if it’s just index funds. + +Edit: I told my dad and we are good! + +Thanks!! +There is a millionaire in my country (Morocco) who works in real estate. He started trading a month ago... He has a friend who gave him a trading strategy (they trade on Nasdaq) they didn't tell us exactly what the strategy is, but they say that you should just know the point at which the price will not return again in the 1H chart and then they execute the long or short entry depends if it's bullish or bearish... (following the trend) +and they share the results on instagram 5k$ to 50k$ profite a day (they use 3 contract up to 50 in trades)... and i don't understad what the heck is this, is trading are easy like this!!! or they just gambling... this man start trading just a month ago and now he share results like this!! then why people struggle in trading and spend years learning strategies/risk&money managment +me as a newbie in trading (8 month) I did not find any answer to this +Am I a loser? Are all those who spend years learn about trading for a littel resulte are losers? and this person knows a secret that we do not know. +Is it even possible for them to trade in this way? (knowing where the price will not return) +i know that this are silly for all of you guys but I'm sorry this subject hurting me and accupy my mind alots especially when I look at the chart and i see huge moves in the 1H chart drawing evrey day so what will prevent them from not profiting in the midst of that price movment? +I hope someone can explain to me the logic behind this . +Do you know why insurance companies stay in business year after year and are profitable? Of course you do, they charge thousands of people a premium for an event that doesn't happen or if it does happen the company has collected enough premiums to cover the loss. if you run the wheel (or just sell naked/cash secured puts) you are running your own insurance business. + +Puts can be thought of as shareholders protecting their investment (asset). <<I know, I know puts are bought for other reasons, but for the seller the situation remains the same, regardless of the put buyers intention>>. You collect a premium and insure the buyer that if a loss event occurs you will pay them for that event. Like if a house burns down or is damaged in a flood. Most houses dont burn down so all the premiums collected will cover when it does. + +Your probably saying, this dude is messed up I sold a put and got my ass handed to me. If you sold one put one time, on a highly suspect stock then yes this can happen, BUT you werent running your trading like an insurance company. + +Here are a few tips to make sure you dont get burned: + +1. Spread your risk across multiple stocks across different industries. Selling one stock is like the insurance company selling one premium on one house. +2. Dont sell puts on stocks that are extremely speculative. If a stock is pre-revenue, or is at risk of closing its doors, you will collect alot of premium, but the event you are protecting the buyer from has a much higher probability of occuring. Selling puts on stocks that will at least stay in business will give you the ability to cover the loss to the asset holder, take the stock and then work your way or minimize a full loss situation. Insurance companies dont sell one contract to one homeowner in a flood zone. +3. Use delta and/or resistance areas to also give you an edge. Delta is a function of just how likely an event will occur. Like the insurance actuary tables. A higher delta means that the likelihood of the event occurring. A 60 delta means there is a 60% chance you may have to pay out that insurance policy. This is the classic Risk/Reward metric. Higher delta means Higher Premium and thats awesome, but be prepared, the higher risk the higher chance of assignment. Where do you want to run your insurance company? Get a lower premium but have a lower chance of paying out (ie buying the stock) or vice versa +4. Be prepared for the worse. Insurance companies have to pay out claims everyday. its part of the game/business. Same with selling puts. But if you held true to the tips above, you will be just like the insurance company, not too big in any one position, collected alot of premiums along the way and have cash to take the stock and the stock should be somewhat stable since we didnt insure a company like RIDE. Then it happens you take the stock. Here is where we can diverge from the insurance company example. We own the stock now (rarely will an insurance company take ownership of the asset, only payout the claim) we can hold that stock in anticipation of it appreciating, we can sell calls over the stock (ie getting paid why while we wait for the stock to appreciate). + +Bottom line (my father always says this after he goes on a big diatrade) : Approach selling options (ie puts) like a business and you will make out over the long run! +Hi APes, + +Part 1 today went well and I had to keep going. I believe that there are fake companies reporting fake shares. Have a look below. + +Part 1 was here and posted earlier - [https://www.reddit.com/r/Superstonk/comments/t541mf/i\_just\_found\_proof\_that\_fake\_companies\_are/](https://www.reddit.com/r/Superstonk/comments/t541mf/i_just_found_proof_that_fake_companies_are/) + +All the information came from Whale Wisdom... + +[https://whalewisdom.com/stock/gme](https://whalewisdom.com/stock/gme) this shows all the GME holders - + +&#x200B; + +[CMT has calls and PUTS for $15m on GME](https://preview.redd.it/hqh1bkh2q0l81.png?width=1318&format=png&auto=webp&s=0afb907b5ab471d9532fa48a6a8601e6d4be018a) + +[Not Listed On FINRA... ](https://preview.redd.it/i861x977q0l81.png?width=1203&format=png&auto=webp&s=0203647e133bf34e1a46b4972678bbb1db07fba3) + +[Started in 2022 and based out of Chicago lol... ](https://preview.redd.it/hkm5hseaq0l81.png?width=992&format=png&auto=webp&s=22eebad7095672663be963e2018274209c5d4b29) + +[Chicago... ](https://preview.redd.it/b534vq5dq0l81.png?width=168&format=png&auto=webp&s=1558e1e2729decc480c6ffa97ddbdef3fa1d7d94) + +Next... + +[683 Capital Managament LLC is a hedge fund holding PUTS...](https://preview.redd.it/t8lg5t2jq0l81.png?width=1336&format=png&auto=webp&s=adbe8fc5f117a3a68e91847bebe0bca0582b0653) + +[FINRA has no record of these clowns... ](https://preview.redd.it/swx7smwlq0l81.png?width=1288&format=png&auto=webp&s=6a18daf80d43e4ec62516dbd5009b2b11107e5d5) + +**Let me show you what a legit firm looks like...** + +[These guys are long GME and legitimate... ](https://preview.redd.it/nuhvokspq0l81.png?width=1310&format=png&auto=webp&s=cc525f254bcacf84abdd3b37d18992efe9fc1fe9) + +[Notice all the registered staff, and information.](https://preview.redd.it/5d5j3surq0l81.png?width=1357&format=png&auto=webp&s=a1749cccd7344d6a0e57f1b06ea6e2e04ac59d90) + +**TL:DR: Someone is reporting shares for companies that are not real. They are using these companies to bag hold GME.** +theoretical situation: + +you are older, disabled and receive some disability money and also have $400,000 cash to invest in a non-registered account (tfsa maxed), but you need to live off the income right away. which etf/stocks would you invest in TODAY? you can survive off $2000ish a month, but more is good of course + +thank you for your opinions +I tried a Google search but it just came up with Motley Fool articles. Has he ever spoken on the Big 5 before? I'd love to know his thoughts on them. Anyone know? +Hаkunа Mаtаtа tоkеn hаs bееn dоing vеrу wеll fоr thе раst fеw dауs, sincе it wаs lаunchеd! This cоin is thе vеrу dеfinitiоn оf whаt hаkunаmаtаtа mеаns - nо wоrriеs. аnd whу is thаt? It cоmеs frоm thе vеrу fоundаtiоns thаt this tоkеn hаs bееn cоnstructеd uроn, thе рrеmisе оf rеducing thе vоid thаt еxists bеtwееn thе cоmmunitу оf thе tоkеn аnd thе cоrе tеаm оf thе tоkеn. Thе imрlicаtiоn brоught fоrwаrd hеrе is thаt this tоkеn brings cоmрlеtе trаnsраrеncу fоr its invеstоrs аnd thе еntirе cоmmunitу аs thе dеvеlореrs dоcumеntеd thеmsеlvеs lоng bеfоrе реорlе еvеn knеw аbоut thе Tаtа tоkеn. Thеу еvеn hаvе hаd а vidео аmа аs wеll аnd hаvе аnоthеr оnе роst lаunch. аlоng with this thеу аrе ��vаilаblе аll оf thе timе tо tаlk with thе mеmbеrs оf thе cоmmunitу tоо. + +Alоng with this, thе tоkеn hаs vеrу рrоmising аnd еxciting usе cаsеs thаt рrоvidе аctuаl utilitу fоr thоsе whо invеst thеir mоnеу intо it аs wеll. Thеir usе cаsеs роrtrау аn еxquisitе fоrm оf simрlicitу whilе cоmbining dissimilаr cоncерts аnd rеsulting in а bеаutiful nоtiоn thаt is sо еxcеllеnt аnd а tоtаllу оriginаl cоncерt. This will bе brоught оut thrоugh thеir Nft mаrkеt рlаcе аs it аims fоr sеllеrs оn thе рlаtfоrm tо bе аblе tо dоnаtе а роrtiоn оf whаt thеу еаrn thrоugh thеir skills аnd tаlеnts tо аnу chаritу оf thеir chоicе. + +Furthеrmоrе, thеу аim tо bеnеfit еvеn mоrе chаritiеs with thеir cаrеfullу imрlеmеntеd tоkеnоmics аs а раrt оf thе tаx frоm еvеrу trаnsаctiоn gоеs tо thеir chаritу wаllеt. This еnsurеs thаt thеу cаn аlwауs bе аblе tо hеlр thоsе in nееd аrоund thе glоbе. + +[hаkunаmаtаtа.finаncе](https://hakunamatata.finance/) + +[telegram.me/tatatoken](https://t.me/tatatoken) +**Disclaimer: I’m not a financial advisor. This is my own research and personal opinion. As always, do your own DD folks.** + +Pioneering Technology Corp (PTE.V) +Market Cap: 3.923M +52 Week Range: 0.03-0.15 +Share price at time of writing: $0.070 (-6.67%) + +**What is Pioneering Technology?** + +They are an energy smart technology company, based in Mississauga ON, and North America’s leader in innovative cooking fire prevention technologies and products. Their technology provides solutions to prevent cooking fires by making appliances safer, smarter and more efficient. The leading cause of residential fires are cooking related. + + +**Positives:** + +* Pioneering Tech already has a product line that is available for purchase from the following distributors in the US and Canada: + * [HD Supply](https://hdsupplysolutions.com/p/smartburner-2x2-electric-burner-kit-p193006) + * [Home Depot](https://www.homedepot.com/p/SMARTBURNER-SmartBurner-2x2-Cooking-Fire-Solution-for-Electric-Coil-Stoves-Set-of-4-PTI-STBZA/305918578) + * [Lowes](https://www.lowes.com/pd/Pioneering-Tech-Safe-T-Sensor-8482-for-Microwave-Ovens/1003164768) + * [Grainger](https://www.grainger.com/category/brand/Pioneering+Technology) +* Important Financials (2020): + * Revenue was $6,540,550, an increase of 66% versus the same period year ago ($3,941,621). + * Gross margin in 2020 was 41% versus 57% in 2019. Gross margins declined due to US tariffs, special incentives for select customers and inventory accounting consequences of supplier price increases. + * Expenses in 2020 were $3,465,566, a decrease of 29% versus year ago ($4,890,909). + * Loss for the year was $883,267 versus a loss of $3,855,738 in fiscal 2019. + * Adjusted EBITDA was ($352,862) an improvement from Adjusted EBITDA of ($1,778,035) a year ago. + * The Company lost $0.02 per share in 2020 versus a loss of $0.07 per share in 2019. + * Balance sheet remains strong with $2.2M in cash and $3.5M in accounts receivable and inventory. +* They have a plan of five strategic objectives for 2021 to improve finances in the short term and position the company for continued growth. (See PTE Fiscal Year 2020 link below.) +* Projects that were halted due to COVID have expressed they intend to follow through with orders of product once they resume. + + +**Negatives:** + +* Niche product, not sure what margins are currently. +* Share price has basically been on life support through 2020. +* Negatively affected by US tariffs. +* Decline in product shipment in Q3 and Q4 of 2020 due to COVID. +* Pioneering Tech is hoping on speculation that growth will increase due to more cooking being done at home because of COVID. +* **Maybe more of a neutral as it could go either way:** President Dan MacDonald left the company. He is still in ownership of his 405K shares. Since he didn’t dump and run, that’s hopefully an indication that he still thinks there will be return at some point. Regardless, there will be a management gap for a bit. (Announced Jan 28 2021) + + +**Links:** +[PTE Fiscal Year 2020 Financial Results](https://s3.amazonaws.com/media.pioneeringtech.com/wp-content/uploads/2021/02/01065109/Press-Release-Pioneering-Technology-Reports-Fiscal-Year-2020-Financial-Results.pdf) + +[Recent Article by Grey-Swan](https://grey-swan.com/2021/02/05/pioneering-technologies-update-at-fiscal-year-end-2020/) + +[Short Volume Data](https://shortdata.ca/stock/PTE.V/) + + +**My Position**: 1,250 shares @ $0.08, holding long-term. Only had a tiny bit of spending cash left so I couldn’t go in for more. + +**Why I bought:** + +1. Fire safety is an important thing that is often overlooked. It saves lives. Once when living with a roommate they nearly burnt our place down because they left the house with a pot on the stove. We were in a 14 floor apartment complex, and luckily I went home outside of my normal routine. Maybe that’s me being affected by my emotions a bit, but this isn’t a problem that is going away. As long as people need to cook, there’s potential for kitchen fires. +2. What’s worse than fire damage is the water damage of putting out a fire, especially in apartment complexes. There’s huge potential for savings on insurance and damages with this product. This makes the product an attractive investment with potentially high ROI for apartment complex owners, rental properties, post-secondary institutions, and other housing complexes. +3. I don’t think this stock is going to skyrocket, but I feel like it’s a pretty safe long-term hold for the current price. At its peak, share prices were $1.25 in 2017. With currently improving financials, we could see this stock start to climb back up this year. +4. To me, the risk on this one feels mid to mid-low, and with rewards to be slowly gained along those same lines. With my current position, even if this does tank, it’s not like I’d lose a lot. +Close your eyes. It's Friday, the sun is peaking through the curtains and you're eating your Weetabix with no worries on your mind. You're content. + +You sold your GME shares at small loss at the start of the week as you continued to watch the share price plummet due to market manipulation. You got out, you survived. + +It's 9:28am, you're returning from the school run. Your BMW 1 series seats make you feel safe and important. Your house, although small, is affordable and the mortgage repayments don't put too much pressure on your paper wallet. + + +Your phone goes off as you enter the house. You sit on the sofa and turn on NBC as you open Whatsapp. You have 17 unread messages. + + +Your eyes pan up, the news anchor is shouting. You read the title at the bottom of the screen - 'The Short Squeeze Is Happening". Jim Cramer is crying. You quickly open your Whatsapp group chat and only see dollar signs being spammed by your friends. You open Yahoo Finance and see the share price at 600.87, it's still rising. Your heart skips a beat. You open I-phone calculator and work out that your 17 shares would now be worth just over 10,000 US dollars. You feel sick. + + +The share price is still rising. You receive a call from your best friend Mickey, he's crying too. He's telling you about how you were right and he'll be able to pay off his student loan soon. Also his wife is pregnant. You congratulate him with a fickle grin and fake laugh. You look back down at your phone, 828.16. 830.00, 838.26. + +WallStreetBets has crashed due to the traffic. + + +You realise everything you stood for is coming true, but you paper handed too soon. + +You ignored the threads, the experts. You ignored DeepFuckingValue. + +You ignored your god given right to a better life for you and your wifes boyfriend. + + +You try to buy back in, but you have no money. You begin to laugh, and laugh. Despair and anguish turn into humour. + + +You pull the Glock from your $16 AliExpress safe and load it. You hold it to your head, you shiver. + + +You don't pull the trigger. Your paper hands can't do it, and never will be able to do anything of any meaningful value. You drop the gun and admit defeat. + + +As the camera pans out of your window and over your neighborhood, we see Wall St burning in flames in the distance. The transfer of wealth begins, fade to black. + + + +EDIT: DON'T BE THAT GUY 💎💎💎💎💎💎 +To those of you who got in on ARB at 55p, over a month ago, you would be up 53% from today's closing bell (117p). To those who bought near the peak at 135p, you may be relieved to know I am still holding. Q1 and Q2 of 2021 should be their best performing months (based on recent RNS updates), so there is still plenty of growth to be had. With the incoming catalysts, I have a conservative estimate of 200p and 600p by Dec 2021. + +I did a quick search on Reddit and Youtube and was impressed to see that there is little to no mention of this NEXT stock that I am about to present. Meaning that for those of you who do decide to invest, you are getting in super early!! I wouldn't be surprised if these fraudsters on Youtube start mentioning it as part of their "DD" in the coming months. + +I'm still holding 8 stocks, but have recently swapped out some old stocks and now have some new ones, one of which is: + +[**KR1 PLC**](https://www.kryptonite1.co/) + +Who are they? KR1 is like VC on speed. Founded 2016 as KRYPTONITE1, they are a pioneer in the EU digital asset investment space, supporting early-stage blockchain and DeFi projects. Listed as the following: KR1:AQSE. This exchange is actually a huge advantage - in terms of price and being undervalued - more on this later. KR1 (unlike arb) is not a miner, they are focused on investing in smart-contract/token economies, especially those relying on a ‘*Proof-of-Stake'* network that, unlike '*Proof-of-Work'* networks, such as Bitcoin, do not require enormous computing power & energy consumption to guarantee the security & censorship-resistance of the network’ (per recent Kusama RNS). Proof of stake now looks set to be a dominant blockchain technology – esp. with Ethereum 2.0 ready to go live. Also, if you’ve read about/had a friend lecture you about Bitcoin energy consumption eating the world, then KR1’s a genuine green/ESG crypto investment for you (& your friend) to consider. + +[KR1 PLC Chart](https://www.lse.co.uk/ShareChart.asp?sharechart=KR1.PL&share=Kr1-Plc) + +The operational progress of the KR1 team has been nothing short of extraordinary, for a view of their investments to date, see: [KR1 Holdings](https://www.kryptonite1.co/investments) + +**Market Cap: $117 million** (vs a $130 million portfolio) - that generates $10.25 million pa in staking profits. + +**Main Portfolio Value comprises:** (DOT: £58.77mm, LDO: £30.05mm, ATOM: £12.41mm, WNXM: £4.24mm, KSM: £3.75mm, DFN: £3.28mm, ETH: £2.49mm, RPL: £1.03mm) + +For anyone who wants to see the level 2 data, this can be found [here](https://uk.advfn.com/common/level2?symbol=AQSE%5EKR1). + +My main investment thesis is that existing trends with cryptocurrency and blockchain will accelerate at exponential levels in 2021. Some quick highlights from this year are: 1) Elon Musk adding 1.5 Billion BTC to Tesla's Balance Sheet. This is > 10% of their cash position. Wow!! We’ve even seen listed companies like MicroStrategy & Square (Jack Dorsey) buy Bitcoin as a corporate treasury asset in the past. Like it or not, other CEOs will follow suit in diversifying their assets. While writing this I've also read that [Apple are considering to follow TESLA in buying Bitcoin](https://www.fxstreet.com/amp/cryptocurrencies/news/breaking-apple-expected-to-follow-teslas-steps-and-add-bitcoin-to-its-balance-sheet-202102081719?__twitter_impression=true). This is a positive trend, and trends are super important in investing. 2) Long term macro still incredibly positive for bitcoin imo, evident by the fact that grayscale has been buying more BTC than is created. We know a wall of money is coming from family offices, [hedge funds](https://www.theblockcrypto.com/linked/91867/blackrock-sec-filings-bitcoin-futures), pension funds, [corporate treasuries](https://www.prnewswire.com/news-releases/sequoia-to-pay-interested-employees-in-bitcoin-301212016.html) etc; and 3) The whole fiasco with RobinHood and Citadel. Whether or not you believe there was some conspiracy between them (for which I do not), the key takeaway is this: People are losing faith in central exchanges and centralised finance in general. Decentralised Finance (Defi) is moving forwards at an exponential rate and I think it would be silly not to have some exposure to this. I also want to add that crypto is a great hedge from inflation or stagflation if you have a huge expansion in money supply, but households arent spending and only save, added with stricter fiscal policies such as taxes, welfare etc. + +[Summary of 2020](https://www.youtube.com/watch?v=rZqzAH-HUHw&ab_channel=VoxMarkets) from KR1. + +**Expanding on some of their holdings listed above:** + +The diversity & number of investments in KR1’s portfolio is quite unique – globally, maybe a handful of crypto VC/hedge funds come close, while listed crypto & blockchain portfolios aren’t remotely as diversified. Polkadot (DOT) is a digital infrastructure project. Created by the co-founder of Ethereum. Great interview by Gavin Wood [here](https://www.realvision.com/shows/the-interview-crypto/videos/polkadot-a-bet-against-maximalism) where he explains Ethereum's fees and how Polkadot makes this much quicker and cheaper. $DOT outperformed $BTC today which is a very bullish signal. I see DOT going to $30. Just look at their Cosmos ($ATOM) holding from the weekend gone, KR1 is holding more than $16.5million!!! KR1 has also invested a total of US$150,000 in return for 15mln tokens in the Lido project. Last time I checked KR1's 15mln Lido was worth $40million. Reference has been made to holdings in BTC and ETH, thus, this has yet to be priced in. From day one, KR1 eschewed Bitcoin & focused on seed/early-stage investment in token economies/blockchain projects. Because Bitcoin’s ultimately a bet on price while investing in blockchain is a bet on innovation! Innovation will win 10x over and that's why I am invested in KR1 vs BTC directly. + +**Valuation:** + +KR1 is at NAV discount because it is a small illiquid stock on a difficult to buy exchange. This will soon change however with a higher market cap, a move to better exchanges, and public acceptance and understanding of what Defi is. + +With 131million shares that equates to 90p per share. Including the 60p for the staking valuation at PEx10 that equates to £1.50 per share, or £2.10 per share using PEx20. + +In short, I think KR1 is a great undervalued stock as their SP does not reflect the true value yet. KR1 is not a BTC/ETH play, it's a diversified portfolio of 4 dozen crypto projects. The main reason KR1's SP does not track the true NAV is that the BOD still does not provide a detailed portfolio breakdown (by units & value), or a regular NAV update – except via its results, months later! + +**Aquis Stock Exchange Listing:** + +KR1 is listed on the Aquis Stock Exchange (formerly, NEX), hence why more investors haven’t discovered & bought the stock. So how do I buy KR1 you ask? I personally use Hargreaves Lansdown and buy it over the phone using this number: 0117 980 9800 + +**List of brokers where you can buy online:** Barclays, Davy, DKB, Eqi, ING Diba, S Broker, Share Centre, Swissquote, x-o. + +**List of brokers where you can buy over the phone:** HL (I use these), Barclays, C Stanley, Canaccord, Davy, DKB, Eqi, Goodbody, IG, Interactive Investor, ING Diba, Pareto, S Broker, Share Centre, Swissquote, x-o. + +*^(Note: If I have missed any off this list, please let me know in the comments and I can update.)* + +AJ Bell and T212 are currently reviewing telephone options. + +And yes, this should work for non-UK clients & brokers – KR1 settles via CREST, just like any LSE share. If you’re a UK investor, make sure you buy via a tax-free ISA. + +Ultimately, an up-listing is the solution…i.e. an AIM:LSE listing, and/or even a US OTC listing, could deliver a drastic valuation re-rating. + +**Price Target: 150p/share (PEx10) OR 210p/share (PEx20)** + +My largest holdings are ARB and KR1. Full disclosure, I own 10,000 shares of KR1 @ 41p. + +Just to finish, I am not advising anyone to buy this stock. I am not a financial advisor. You have to do your own research. Just wanted to share (in my opinion) a really good stock that I am long-on. +https://www.cnbc.com/2022/05/18/target-tgt-q1-2022-earnings.html + +Earnings were $2.19 adjusted vs. $3.07 expected. Blame was placed on the usual suspects - "supply chain troubles, higher fuel costs and lower than expected sales of discretionary merchandise." +Besides getting multiple quotes, how do you avoid getting the "nice house" price from contractors? + +I moved to a LCOL area. I bought a middle to upper range 4 bed/4 ba house (3k-4k sq ft), and I keep getting contractor quotes 2-3x of what the average should be. + +I've gotten licensed contractors who've looked up what I've bought the house for, which I then ask how is that relevant to your quote? If they start off with saying that I have a "nice house" then I know the quote is coming in high. + +Some of the quotes I've gotten was laughable. $4k in labor to install a variable speed pool pump + 2k for the pump itself, $1k per light - $8k quote. I went with the licensed guy who did it for $500 in labor (pool had to be drained for $250 for the lights so two visits) and I supplied the pump & lights for 2k MSRP. 2.5k out the door vs 8k. + +I had a quote for 4.5k to install a 240v 60a line for a 240v 50a spa. Some reason he needed a team of 4 guys and an entire day to run it outside the house. He stressed big it needed to be to code. I knew I was being fed BS as my parents happened to be electricians. Second guy came out quoted 1.5k to run it through the attic, two guys for an hour or two, all to NEC code. He was surprised I signed with him as he thought he came in a little high. I'm not looking to lowball anyone - I'll go with the first reasonable quote that I feel you're competent in. + +They were out the next day and the techs went the extra mile - they left room on the disconnect for 240v 20a service if I wanted to run a saw or other power tools in the backyard as long as I wont run both at the same time. + + +The biggest successes I've had in reducing the price is I've stopped telling them I moved from California if they ask where I'm from. I've either just said I've been here my entire life or I moved from some VLCOL state with lower cost of living. + +How do you avoid getting the "nice house" price from contractors? +Reading this has made me furious. + +https://www.bbc.co.uk/news/education-61088025 + +Has anyone done an analysis on getting a traditional loan to pay off student loan? Is it a good option? Curious to read stories and suggestions. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +"If it's too good to be true, then it's too good to be true" + +&#x200B; + +I've been doing this for almost a year now, and I can have a few strategies that are profitable (CAGR >40% w/ sharpe ratio > 1.5 over a decade). This probably isn't anything compared to what some of you all can make, but it is significant for me. This data is coming from quantconnect's backtester, which takes into account slippage, fees, etc. + +&#x200B; + +But that had me thinking--what's the catch? Why isn't everyone doing this? Why were any of these sites (quantconnect, quantopian, etc) even created in the first place? If these educators know so much about financial markets and can teach creating successful strategies, why are they wasting their time when they could be making the strategies themselves? What am I missing? +FINRA has just put out [another notice](https://www.finra.org/rules-guidance/notices/21-23) on Payment for Order Flow and Best Execution. They are reminding broker-dealers of their best execution obligations. There are a couple of interesting things in this notice, although I'm not optimistic this will lead to anything material. + +For one, they italicize *best* execution here, which is interesting: + +https://preview.redd.it/buj7ishg21a71.png?width=827&format=png&auto=webp&s=93b59367e9eb608eca7206f42a0c883f97f0366e + +I've often criticized (including to FINRA and SEC personnel) the fact that most brokers are only identifying good-enough prices and good-enough execution, not best execution. It looks like FINRA is echoing that here. + +The most important passage is this one, in my mind: + +https://preview.redd.it/5vifzigm21a71.png?width=834&format=png&auto=webp&s=287d21a3796169c4a6c51b3ca49d38e2bc188107 + +Let me explain something quickly. When Citadel or Virtu gets an order from a retail broker, they have a profit margin on that order. Let's say the spread is $0.02 wide, and they think they can make $0.015 per share, on average. Of that $0.015, they want $0.01 per share as profit to keep, and are willing to pay back $0.005 per share to the broker. (all of these numbers are made up, for illustrative purposes) + +Citadel and Virtu don't care if they are sending that $0.005 per share to the broker as price improvement (where the retail investor receives it) or payment for order flow (where the broker receives it). + +FINRA is saying that brokers CANNOT negotiate higher payment for order flow instead of price improvement. This is actually a big deal, because it's the foundation of Robinhood's business model. If they have to provide the same price improvement as, say, Fidelity, who doesn't accept PFOF, then they'll go out of business. The fundamental paradox between a firm that accepts PFOF and one that doesn't is that the firm that doesn't gives its customers better execution prices, and therefore better execution. So a firm that accepts PFOF, by definition, cannot be providing *best* execution. It's mathematically impossible. + +This could be an important step. Or it could be a regulatory nothingburger. But if it's a nothingburger, it could provide some fuel for class action lawsuits down the road, so ultimately this is a positive development. +“In reality, poverty is on the rise. With inflation going up and federal support ending, households are suddenly finding it much harder to make ends meet. Since the wildly successful Child Tax Credit expired in December, nearly half of the parents who benefited from the program have reported struggling to afford to feed their families, and more than 60 percent say they can’t pay for basic necessities. Child poverty shot up just under 5 percentage points between December 2021 and January 2022, meaning 3.7 million more kids were suddenly thrown below the poverty line. + +It’s not just households with kids: 54 percent of elderly single women and 45 percent of elderly single men either qualify as poor or don’t make enough to pay for the essentials. Just under two-thirds of Americans were living paycheck to paycheck by this past June, up 4 percentage points since a year earlier + +Those that do have work, meanwhile, don’t earn nearly enough from it. News about rising wages often ignores that the cost of everything else is rising, too, and at a faster rate than workers’ pocketbooks can keep up with. One in three workers make less than $15 an hour, which is already worth quite a bit less than it did when the Fight for $15 campaign started ten years ago, while roughly 243,000 workers earn as little as the federal minimum wage, which has been stuck at the same puny level an ungodly thirteen years, and is today worth the least it has since sixty years ago. + +Americans in turn are less and less able to afford the skyrocketing price of keeping a roof over their heads. This past May, the median asking rent for the whole of the United States cleared $2,000 a month for the first time in history after rising 14.8 percent over the previous year. This effectively means that only households making $80,000 a year are now paying rent that’s officially “affordable” by government standards. Even mobile homes have seen their rent shoot up, thanks to private equity firms and other investors buying up them up as cash cows. + +As a result, the already bad US homelessness crisis is getting palpably worse. Shelters across the country are seeing their waitlists double and triple, with single mothers and even families with jobs more and more likely to ask for help. This isn’t just anecdotal evidence: cities and states all over the map are recording an uptick. + +All the while, Americans are winding up deeper and deeper into debt to keep their heads above water. Household debt is on the rise, and 43 percent of Americans expect to sink further in the months ahead, most of it thanks to increasingly expensive mortgages, but much of it through credit cards. For many, it’s the only way they can pay off treatment for health and medical issues, which, coupled with the dysfunctional, corporate insurance-dominated US health care system that chugs along unreformed, has left one hundred million Americans with some form of health care debt today. + +Any sane person would read all this and tell you that job numbers and GDP — which tells us only about the total wealth of a country in a system where those at the very top are taking massive shares of it for themselves — don’t give you a very full picture of this economy. “ + + +https://jacobin.com/2022/08/recession-economy-poverty-underemployment-wages-debt +This happened a few weeks before Christmas, so apologies if it’s old news to you because it seems to have been done quietly. + +The Federal Government has shelved its *Currency (Restrictions on the Use of Cash) Bill*, which in the name of security and governmental visibility (read: tax, though they’ll pretend it’s more about terrorism) would have created new restrictions on our ability to spend our own money (including criminalising the use of cash to buy something, like a car, for more than $10,000). + +As you can probably tell, I welcome the withdrawal of the Bill. Rights, however small, once handed to a government are seldom peacefully returned. + +https://www.lexology.com/library/detail.aspx?g=6dbfe72a-40d7-4dd1-a931-414744795c10 +What timing! + +[https://www.cnbc.com/2020/06/11/moderna-to-start-final-testing-stage-of-coronavirus-vaccine-in-july.html](https://www.cnbc.com/2020/06/11/moderna-to-start-final-testing-stage-of-coronavirus-vaccine-in-july.html) + +&#x200B; + +* "Moderna on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July as the company enters the final stage of testing." +* "Moderna said it has selected the 100 microgram dose of the vaccine for the late-stage study. At that dose level, the company is on track to deliver about 500 million doses per year, and possibly up to 1 billion doses per year, starting in 2021 from the company’s internal U.S. manufacturing site and strategic collaboration with Swiss drugmaker Lonza." +$SNAP has a market cap of $118b on revenues of $3.3b and negative operating income. These numbers imply some incredibly bullish factors behind snapchat, which I just don’t see. + +I’m a young person that uses snapchat a lot. Everyone my age does. There really isn’t much more usage they could squeeze out of us. Their revenue comes from ads, mostly in the spotlight and discover pages. Spotlight is basically just tiktok but worse and discover is full of clickbaitey garbage, and ads. + +From my personally experience, I don’t think they can increase ad viewership much. I’m sure they’ve got some other projects coming along but I don’t believe any of them could justify a $118b valuation. And i think its + far more likely that snapchat gradually becomes less cool and usage begins to drop off than that it increases enough to justify the valuation. + +To me this seems like a good short opportunity. Or if you’re not into bettering against stocks, a short position here could be used to hedge against a market crash, since you can expect snapchat to drop far more than most other things in your portfolio due to the speculative nature. + +Im curious to hear any bull cases you guys may have tho. +The proposed scheme will feed into Vanguard Total Stock Market Index Fund ETF which has an expense ratio of just 0.03%. Under the Securities and Exchange Board of India (Sebi) rules, the expense ratio of the Indian fund house cannot be more than twice the underlying fund. This would cap the expense ratio of the Navi Total US Stock Market FoF to just 0.09%. + +https://www.livemint.com/companies/news/sachin-bansal-s-navi-mf-plans-to-bring-vanguard-funds-to-india-11630421320253.html +I really need to feel like i'm not alone here. + +This morning I was excited to read House of Cards 2 &amp; 3, and after doing so, I just kind of sat there...slumped in my chair for a while. Thinking about how deep and rotted to the core the current financial system is. It's not just *here* either. I guarantee if this shit is happening in a country like America, it's definitely happening in other places. Places with even less checks and balances in place. + +When you're growing up (at least in the 80's/90's) you tend to believe that despite the obvious corruption in some places, that people are fundamentally good. That the positive outweighs the negative. In almost all instances. + +This morning after soaking this all in, i went into the kitchen to try to explain what I just read to my wife (who has been very supportive of "tendies") and as i'm saying the words....as i'm listening to them come out of my own mouth....it dawned on me....I must sound like a *fucking sociopath* right now. + +She's just staring at me talking, blinking a little, and is politely nodding...waiting for a chance to show me this deep fake video of Tom Cruise she saw this morning. + +The comments sections from HoC 2 &amp; 3 are ringing in my head. Are we truly the generation that eats the aristocracy? Can we put aside our (relatively) petty political and religious differences and unite against the one thing that has kept us all down for **GENERATIONS?** + +I asked her if she could read it... + +When I said that, it reminded me of all the conspiracy stuff that's been going on lately (you know the one) and how heavy their convictions are. They always ask you to read it...they say research it.....they point you to a youtube video or a forum post... + +A forum post. + +Now, I know that Ato had HoC peer-reviewed. I know that technically Wes and Dave are *outside* the circle of apes (even if Dave joined in to have some "*skin in the game*") but Wes has been yelling this stuff from the rooftops for years...my mind is saying "*Of course* he's gonna agree with it...he's been saying essentially the same stuff for decades now"..... + +My wife looks at me while i'm making these connections and realizations...I wonder if this is what it's like for the people that found out their partner's believed some pretty "*out-there*" shit recently. Then she says it..."*You know you sound like one of those 9/11 conspiracy people right? You sound like you're 100% sure this is going to happen*" ... + +For a second it hurt, but shit, even i thought the stuff coming out of my mouth was nuts. How could I expect someone who hasn't really been reading all this DD for months now to understand? Don't get me wrong, like I said, she's very supportive...she wants the tendies to land just as much as I do...she doesn't *really* believe it's going to happen though. She's just being nice...and polite....to her bat-shit husband. + +Does anyone else feel like this? + +Do you feel like, you *know*, with your *entire* being, that this **makes sense?**....everything you've seen and believed about people in positions of power finally fucking clicked and you realized just how bad things have gotten?......only to feel like you must be losing your mind? + +I'm not the smartest ape, but i'm not the dumbest either (that award goes to banana-ass guy) but is this a bridge too far? Are we all in some weird collective mania? + +I just need to feel like i'm not alone right now... + + +Edit: Wow... + +I have learned two things from this post. + +1) Apes really love gardening. + +2) I am not alone. 10 thousand apes are with me. + +Thank you all 😊 + +Edit2: + +My wife read House of Cards, then came in to talk about it. We had a great conversation. Thanks again everyone. +In another thread about leveraging an expensive home, several posts marveled at the OP having $4mil in his IRA. I thought I'd post this because the mechanics are pretty basic. + +One of the benefits of being self-employed is the ability to fund a solo-401(k). All in you can defer $57,000 a year. Investing in something like PRGTX over the last 10 years would get you to $2.1mil. (+/- 23% average return). If you ran a business with a spouse and saved $57,000 x 2, you'd have $4.2mil. + +If you add contributions to a defined benefit pension plan, the numbers jump. + +And if you make investments through your IRA into private equity, like Mitt Romney, you might end up with a $100mil IRA like his + +[What's Really Going on With Mitt Romney's $102 Million IRA - The Atlantic](https://www.theatlantic.com/politics/archive/2012/09/whats-really-going-on-with-mitt-romneys-102-million-ira/261500/) +Hi guys, I though this might be useful for someone looking for new additions to their dividend growth portfolio. This list is based on five Kiplinger investing articles, aimed at finding the safe, durable, long-term, favorite, and solid dividend stocks. + +First, a shortlist of 11 of productive dividend shares from this collection more viable for first-time investors. The Dogcatcher ideal stocks for June are: Enterprise Products Partners LP (**EPD**); Exxon Mobil Corp (**XOM**); Gladstone Investment (**GAIN**); Main Street Capital (**MAIN**); LTC Properties Inc (**LTC**); iShares Preferred and Income Securities ETF (**PFF**); Unum Group (**UNM**); People's United Financial Inc (**PBCT**); STAG Industrial Inc (**STAG**); The Interpublic Group of Companies Inc (**IPG**); Shaw Communications Inc (**SJR**). + +Those eleven all live up to the ideal of having their annual dividends from a $1K investment exceed their single share prices. Many investors see this condition as "look closer for a buy" opportunity. + +# The Dividend Dogs Rule + +Stocks earned the "dog" moniker by exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as "dogs." More precisely, these are, in fact, best called, "underdogs". + +&#x200B; + +**56 Kiplinger Outstanding Dividend Stocks Per May 21 Yield Data:** + +[**https://postimg.cc/c6CPprwS**](https://postimg.cc/c6CPprwS) +Hello Everyone, + +This is not a sob story or anything, but both my parents passed away recently and I have no close family or anyone to turn to for advice. My father passed away from cancer three years ago, and my mother passed away this year from covid complications. + +I have no real financial literacy, my college degree was in physics and I was working for a university lab making 43k/year in Western New York but I quit after my mother passed away. I am still reeling from the impact of losing both my parents so close together and figured that I need time to figure things out and try to get a grip on reality again. + +My parents were small business owners who invested in real estate throughout their lives. They retired 8 years ago and sold their business, and invested that money into real estate as well. + +Currently in my name there are 7 properties + +3 houses in Buffalo, New York, valued at around 100,000 to 150,000 each + +4 properties in New York City, two in Queens and two in Manhattan, valued around 1.2 million each one (averaging) + +The three houses in Buffalo are in my name, and the 4 NYC properties are under an S-Corporation because their business (the land they owned was under the corporation) was 1031 exchanged into these 4 properties. How I understand it is that if I sell any of these properties, they will be taxed as income and thus heavily taxed (as opposed to normal real estate inheritance where there is a step up in value and thus no capital gains tax is paid upon sale by the inheritor). All the properties collect about 27,000 per month, but the HOA fees and taxes are heavy so net income is about 12,000 per month. + +I sort of don't know what to do and my head is spinning. During and after college I helped my parents with their tenants so I know how to deal with that (for example I would call the handy men, get appliances replaced when needed, etc), but I have no real overall strategy of what to do. My parents were Eastern European immigrants who were not very educated by modern American standards or financially savvy, so all they did was buy real estate when they could afford it and finally with a 1031 exchange of their business which was in an area which had become popular. + +Does anyone know what I should do, or how to proceed? I know I am lucky, financially, to have been given this kind of inheritance and really it is a gift, and I would like to begin to learn how to use it properly. Thank you. +All day everyday it seems that’s the vast majority of what’s posted. Can we move that to a mega thread or something? I want to really discuss what this sub was created for. +I had a longterm girlfriend who I broke up with just over a year ago. We rented the same place for five years. She was always terrible with money while I slowly saved a small pot of £9k that I always wanted to use towards a house. For a variety of reasons we split up, one of them was that one day I found out she was in debt for around £6k and had kept this from me. This was mostly made up of payday loans. I was hurt and furious. + +When we split up I stayed alone in the flat until the contract was up and then temporarily moved in with my parents while I enjoyed some home comforts and looked towards getting my own place. + +I had intended on staying only a few months but I quickly realised I had underestimated the amount of money I'd needed to move out. This was in June last year so almost exactly a year ago. My parents charge me £120 a month which is meagre and very kind of them. + +I work for the NHS in an Emergency Department. My salary was approx £17.6k this time last year but I worked hard and impressed enough to get a new, higher role which I started in January and as of April pays £19.7k (band 2 to a band 3). Still not great by any stretch but better than it was. The job is also very secure which I have come to appreciate over the last few months. + +I have worked extremely hard and saved money aggressively. I've sold boxes and boxes of my old stuff and raised about £2k on eBay. I've utilised a LISA across the last two tax years and received £2k in government bonuses, and picked up overtime at work wherever I could. In twelve months my savings have gone from £9k to £22.5k so I am in a much better position now than last year. + +And yet it still feels like I am a million miles away. I could probably afford to buy a £120k property at a push - certainly no more - and the propertes in my price range aren't great. I live in Leeds so property prices are quite high for the North. Honestly I didn't think I was going to get a palace or anything but what worries me is the type of area I can afford. I don't want to buy a house in a rough area. + +I honestly can't see me having enough for another few years, and after such a huge effort to get this far that is incredibly soul destroying. I'm 28, don't have a good salary, don't have a partner, don't have my own place and can't drive (I was taking lessons, finding it very stressful and difficult, but Covid has put them on hold for now anyway). I know I need a huge deposit in order to secure a better deal on interest and capital loaned. Mortgages still confuse the hell out of me. My current goal was to save £25k for the deposit and legal fees, then save a £3k emergency fund and £2k for some basic furniture and redecorating upon moving in, but honestly now I think I'll need a whole lot more. + +Honestly I am just feeling so down right now. I had no idea how hard this was going to be and it's all just taking its toll. I'm sorry to unload a bit but I just wanted to get it off my chest. + +A big thank you for this subreddit - I check it every day on the bus to work and it is undoubtedly my favourite sub with a great and helpful community. + + +***Edit:*** I am moved by the responses this post has received. I've literally been moved to tears reading some of the replies. Thank you everybody who has taken the time to reply and I can't tell you how much I appreciate your support. After such a tough year it feels unbelievably comforting to receive some virtual high-fives and pats-on-the-back. + [U.S. Treasury seeks reporting of cryptocurrency transfers, doubling of IRS workforce | Reuters](https://www.reuters.com/business/finance/us-treasury-says-can-shrink-7-trillion-tax-gap-by-10-over-next-decade-2021-05-20/) + +> The Biden administration's tax enforcement proposal would require that cryptocurrency transfers over $10,000 be reported to the Internal Revenue Service and would more than double the IRS workforce over a decade, the U.S. Treasury said on Thursday. +> +> "As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on," the Treasury said in the report, which noted that these assets, are likely to grow in importance over the next decade as a part of business income. +Thank you all for the awards! I have had an absolute blast talking about the industry and its issues, hopefully you all enjoyed it also :) + +Yesterdays post on why [fridges have gotten so expensive](https://www.reddit.com/r/AusFinance/comments/kyseyu/why_has_the_price_of_fridges_skyrocketed_should_i/?utm_source=share&utm_medium=web2x&context=3) during the pandemic, triggered a discussion on the state of supply chain and logistics in Australia and across the world. I will try to keep this as Australia-centric as possible, but when talking about these issues its usually a overseas stone is thrown and the ripples effect Australia. + +Mods: I hope this meets the submission guidelines, almost everything below has had an effect on the economy, and I think it might make for a meaningful discussion about the stability of supply chains in Australia. + +There are some fairly serious issues plaguing Australian supply chains and this has led to record high freight prices over time and that is causing some serious hurt on importers, and as such the consumer. I thought I would order these in a way that I think is most chronological: + +1. Covid Hits - Wuhan Locks Down + +At the start of the pandemic, we're talking January 2020, there were orders in the pipeline that were disrupted because of [China's sudden transport lockdown in Wuhan](https://www.reuters.com/article/us-china-health-transmission/chinas-wuhan-shuts-down-transport-as-global-alarm-mounts-over-virus-spread-idUSKBN1ZL07C). Wuhan is [THE logistics gateway](https://www.scmp.com/economy/china-economy/article/3047426/explained-why-wuhan-so-important-chinas-economy-and-potential) in central China, located on the Yangtze river, its where the trucks go to consolidate their finished goods onto barges and feeder vessels that then go down to the large international ports like Shanghai, Ningbo and Nanjing etc. This process also happens in reverse, so raw product comes up from the international ports into Wuhan and distributed out to the producers. + +Just like in Australia though, there were exceptions to the lockdown for essential reasons. The flow of goods and cargo was an essential reason but it was hindered by red tape and extermely high levels of bureaucracy and corruption. Also, like Australia, China wasnt prepared for this, so it wasnt immediately apparent who was or who wasnt essential; could a trucker from outside Wuhan deliver cargo? Could a feeder vessel enter and leave? Could a worker go to work?. This slowed the flow of goods considerably, it also led to many of the large international freight forwards, i.e. DB Schenker, Khuene Nagel, CH Robinson, Geodis Wilson, etc, to close thier offices located in effected cities and return expats to their home countries. This made organising anything a nightmare and the amount of cargo leaving China dropped. + +2a. Shipping Lines Berth Capacity (Blank Sailings) + +As the amount of cargo leaving China slowed, the ships were moving well below capacity, and as such the [shipping alliances made numerous blank sailings](https://www.offshore-energy.biz/coronavirus-pandemic-sets-off-a-new-wave-of-blank-sailings/). A blank sailing is similar to when an airline cancels a service because there arent enough passengers to make it commerically viable to run the flight. A well engineered supply chains takes into account these types of disruptions, but it doesnt take into account rolling blank sailings, compounded by the aforementioned supplierer issues in China. + +This is where it hurt the most honestly, cargo started to flow out of China only to be stuck at ports for extended periods as the vessel blank sailed. Importers had outlayed their capital and it was sitting at the docks, causing significant cashflow issues. [This went on through Q3](https://www.joc.com/maritime-news/alliances-outline-extensive-blank-sailings-q3_20200603.html) and the price of international freight started to climb as supply was taken out of the market. + +Quick aside, yesterday u/Bongpig said "Surely the big appliance retailers are not paying spot rates. They would have contracts." and he is correct, the major retailers would have contract rates and probably a secondary contract with a back up liner from a different shipping alliance for certainty (mind you the retailers probably arent the ones doing the shipping, they probably buy from Smeg Aus or Samsung Aus and they would have the contracts). The issue comes when you have blank sailings and you have a contractual obligation to have an order in Australia. Say if Harvey Norman ships on Maersk, they have their contract rates with them, and they have a great deal but Maersk blank ships the weekly service Ningbo to Brisbane. They would have no choice but to find a spot rate on another liner, be it Hapag or CMA, or miss their instore dates and pay the financial penalties. Contract rates are also forecast driven, if you miss your contract volume in the low season, liners can and will be less inclined to honor the contract rate in the high season, more on the demand side late. + +This was compounded by... + +2b. Border Closures - Airlines Stop + +Not many people realise this but the majority of airfreight doesnt come in freighter aircraft, it actually comes in the belly of passenger planes, we're [talking about 60% of freight-ton kilometers](https://www.statista.com/statistics/535543/worldwide-freight-ton-kilometer-share-belly-cargo-and-main-cargo/), and this freight is cream for airlines. On a side note that is why they charge exsorbitant fees if you go over your weight alotment, your baggage, even though it may not feel like it, cant be rolled to the next flight - it must fly with you. Your overweight baggage can often lead to very lucrative cargo being rolled to the next flight. + +This has also seen the price for airfreight absolutely skyrocket, because not only do you have unforeseen low supply, you have unprecedented high demand for cargo required to fulfil contracts and to prevent production lines from stopping. Now with the vaccine also being rolled out, in conditions that are very difficult to manage at scale, Cold-Chain is a whole different beast, the airfreight capacity will be spread even thinner. The WHO has recently come out and said that they got a dry ice rate of [$105/kg Texas to Sierra Leone](https://theloadstar.com/who-complains-of-outrageous-air-freight-rates-105-per-kg-anyone/) (pre-covid that was around $8) + +[Belly capacity is still down around 50%](https://www.accenture.com/au-en/insights/travel/coronavirus-air-cargo-capacity) from 2019 levels and we wont see a normal market level until we get back to travelling like we did before. + +I am also of the opinion as this is why Sydney has continued to take the majority of returning Australians, those planes are filled to the brim with cargo and leave here filled to the brim with cargo also, a lifeline to importers and exporters who need this. + +3a. Port Strikes + +Now we come to a very contentious topic and I want to preface this by saying that I see the need for unions, just not in Australia's current form. Having lived 2 years in Germany working in the industry, I believe I have seen how a union should operate and would love to have a similar system here in aus, but thats another topic. + +Planning stop works in the middle of the pandemic is crazy, insisting on mandated pay increases during this time when the economy is grinding is crazy, and this has hurt their cause because I have friends who couldnt care less about the state of the logistics industry, now are hyper aware of the supply issues and are pegging everything on the unions, unfairly as they dont consider the wider issues at the moment. + +Dont think I need to say much more about these, the slowing of goods being unloaded causes delays, connecting coastal ships & trains get missed etc etc. just more strain on supply chains that were already failing. + +3b. Melbourne Lockdown - Truckies, Labourers, Consignors + +Melbourne is Australia's largest container terminal, the lockdown in Melbourne (which I support, this isnt political just a statement of the times) caused issues in that, like in China, it wasnt immediately apparent as to who was an essential worker. Dan Andrews stated that the ports wont shut - win for me, but what about the people taking receipt of goods, the empty container parks, the truckies, the subbie couriers? This is where one of our industry bodies, Freight and Trade Alliance (FTA), stepped in to explain the flow on effects and helped build the framework that allowed the flow of goods in and out of Australia. + +This bottlenecked a lot of cargo into Australia, cargo destined for regional areas not affected by the lockdown was often rerouted to Sydney or Adelaide and railed, depending on proximity. Worst case is it gets rerouted, devanned, and delivered loose in long haul trucks, which is relatively expensive, relatively inefficient and relatively bad for the environment. + +4. Demand Increased, Supply Wasnt There + +The government did the correct thing and stimulated the economy, money is available and with a captive audience unable to leave, they spent it here. Only issue was that all of the above was happening so the supply side was way out stripped by demand. + +We return to the fridges and the contract rates in place. Its late Q3/Q4 and blank shippings are a thing of the past because now the demand means that the shipping lines are using all the capacity they can, still at exeptionally high spot rates. [Shipping lines and NVOCCs (Non-Vessel Operating Common Carriers) are now chartering non-specialised vessels](https://www.projectcargojournal.com/shipping/2020/12/04/dsv-charters-multipurpose-vessels-to-combat-container-crunch/), [placing extreme booking restrictions](https://theloadstar.com/more-misery-for-shortage-hit-shippers-as-ocean-carriers-tighten-booking/), and [canceling plans to decommision older vessels](https://theloadstar.com/scrapping-plans-abandoned-as-aggressive-box-carriers-hunt-available-tonnage/) all to find more tonnage and service the insatiable demand around the world. + +As I said above the contract rates for freight is done on a forecast... i.e. I need 350 TEU (twenty equivelant units, so 175 40' containers or 350 20' containers or a combination) per month specifically for this cargo. That would be filed under a NAC or Named Account, its commodity dependent, and thats what you get. If the demand for fridges or consumer goods out strips that 350TEU a month then yeah get either the fallback contract or spot rate. Shipping lines are out there to make money so they will take the cargo that is most lucrative to them, which is the Spot. + +This demand leads us to our final issue, which is in my opinion the issue that will have the longest effect... + +5a. Actual Container Shortages + +Australia's largest containerised export is fresh air, there you go a little logistics joke, empty boxes back to producing countries so they can fill them up and send them back to us again. **PDF WARNING** [From Port Botany 39% of containers are exported full, 61% are empty](https://assets.kpmg/content/dam/kpmg/au/pdf/2019/quay-conclusions-best-choices-additional-nsw-port-capacity.pdf) **PDF WARNING** + +Now full containers get absolute priority when being exported, because the shipping line makes money on these, the empties are just a cost - port charges, LoLo, trucking, customs etc, far better to have an exporter pay that, or at least some of that. It also comes down to the ports and how the contracts are drawn up between the shipping line and Patricks, Hutchinsons, or DP World. When a ship comes in it is pre-booked with a number of movements. If you have a blanket contract of 2500 exchanges per ship in the month of december, and you have 2000 import containers, you can only re-export 500. This is where the issue lies, import demand means we are getting more containers in and less going out. Normally, pre-covid, these containers would come in and out and never get a chance to accumulate anywhere (remember this isnt just an Australia specific problem, this is a global problem). + +The shipping lines are working really hard to redistribute these, by employing sweeper ships - [empty ships purely collecting empty containers](https://eescair.com/?p=11778) - but they are met with port congestion, there is only so many exchanges that can be done a day at the port (also see point 3a) and we have hit the upper limit to what the infrastructure at the ports can handle, so adding more vessels isnt really the solution - there really isnt one at the moment. + +6. Final Thoughts + +If you made it this far through, I hope you have found a little peek into the logistics and supply chains world interesting. Happy to answer specific questions below, within reason, im quite busy at work (see above haha). While this is as Australia specific as I could make it, again this is a global issue, and while it may sound like supply is constrained just out of China, the container shortages are world wide, especially for refrigerated and specialist containers (like flat racks and open tops) + +A little about me though, i've been in the industry for 12 years and have worked in the US, Germany and Aus. Its a fantastic highpaced industry, but like anything is has its ups and downs. We live on an island that produces damn near no final products so job security is good IMO haha. + +Paging u/atayls u/Macbook_ u/cola_twist u/partytassles here is the post I promised yesteday +Howdy all, + +I’ve popped in on a throwaway account because I’m interested in your thoughts on this situation but don’t want to dox myself. My husband and I (both early 30s) are well on our way to fatFIRE, almost entirely due to his efforts. We met in college and soon thereafter he started a successful start up. A few years into that he learned about leveraged real estate investing. We are essentially living in coast mode now with NW approximately 5M. + +While he’s been incredibly successful financially, I have not. After college I started a PhD in a STEM field. I’d applied for the program before we started dating and it meant being long distance. 2 years into that I ended the program with a terminal master’s and started a *different* PhD program in a different but related field, in the same city as my husband. These were funded programs but I was making ~30k for most of my 20s. Finally in 2019 I graduated, and started a postdoc, for a whopping 60k. And now I’m applying to faculty jobs but confining myself to a small geographic radius around the place we actually want to live (family reasons). Anyone familiar with the academic job market will understand that the odds of landing an academic job with these constraints aren’t great. + +And…now I’m kind of at loose ends. My husband has a new project that’s poised to make us a couple more millions. I could get into data science or something like that and maybe double my income, but does it even matter? Right now my job pays for both of our benefits so that’s great. My postdoc is rapidly burning me out and I can’t see this lifestyle being sustainable as a full-time job, but I can imagine doing it part-time pretty happily. We want kids and are hoping to have them in the next year. But I don’t know that I’d be happy as a SAHM. + +Mostly I just feel like a massive mooch. I’m overworked, anxious, and depressed so it’s not like I’m doing a lot around the house. When things were going well for me academically it felt like I was at least contributing something to our relationship—my husband’s into science and my work is potentially of some societal benefit, so we’d joke that he was taking care of us being rich and I was taking care of us being good people. But now I have a bad feeling I’ll just be another failed academic. There’s lots of literature on alt-ac careers, but I’m not sure that’s even what I’m looking for. + +Most of the posts I see here from couples are from the higher earning half, but I’m hoping you have some insight into how to make something like this work. Is it possible to enjoy an early “retirement” when it’s not a reward for your hard work and discipline but just your luck in picking a partner? Or conversely, how do you stay motivated at a job when the money you’re bringing in means so little to your family? If you take time off is it possible to get started again, or is it a problem to have a massive gap in your resume? How does one make an early retirement feel meaningful rather than just a bunch of dilettantism? + +I really appreciate any thoughts you have on how to approach this. Thanks. + +Update: I am so so grateful for the outpouring of support and advice from this community. I read every one of your comments and this collection of stories about how you balance these things in your life are so beautiful. + +A few summary points I’ve taken away: + +* Mental health comes first! I should have mentioned I’m already seeing a therapist and working on this. We had a talk today about setting better boundaries at work. + +* Academia is generally rough. I’m still not sure whether it’s better to keep pushing a bit longer to see if I can make it work or get out sooner rather than later, but either way there are many people who can relate to this problem and pursuing an alternate career or becoming a SAHP isn’t failure. There’s lots to do out in the real world too. + +* There are many ways to contribute to a family and many ways to define success. I wrote this feeling bad about how little $ I was bringing in but obviously this has never actually been a high priority for me or I’d already be doing something more lucrative. I’m seeing now there are ways having an academic career would contribute (especially if I can set better work boundaries and have more time to take care of stuff at home) as well as ways I could contribute outside of paid work. + +* Communication is key. I do talk with my husband about this all the time. He doesn’t especially care one way or another but would like me to figure out a way to be less stressed. + +* Kids are going to change everything, whenever they come. But there’s no reason to scale back on career stuff until they’re here. + +* Maybe my identity/self-worth doesn’t have to be so strongly tied to my career. But I’m still thinking on this one, because I do want to have an impact on the world and it might be important to me to have something I *do* in the outside world. Maybe it’s okay for it to take some time to figure out what that thing will be though. + +And yes, I know I’m astronomically lucky to have these problems. And yes, I’d be with my husband even if he hadn’t made all this money. We’ve been together more than 10 years and it definitely wasn’t clear from the start that’d happen. The money opens up pathways that otherwise wouldn’t exist though, and I don’t take that for granted. +>“A right to counsel furthers racial, economic, and social justice while helping to address the extreme imbalance of power between landlords and tenants,” + +Per the article the State will be hiring 58 attorneys + additional contract attorneys to fight evictions. At a cost of $11.4 million just in the first year + +For everyone else - Seven other states are currently considering similar measures.  + +[https://www.seattletimes.com/seattle-news/homeless/washington-becomes-first-state-to-guarantee-lawyers-for-low-income-tenants-during-evictions/](https://www.seattletimes.com/seattle-news/homeless/washington-becomes-first-state-to-guarantee-lawyers-for-low-income-tenants-during-evictions/) +It’s the same story after every earnings call; + +“They’re screwing us!” +“That was boring!” +“Why did RC not fly in on a flaming saxophone spraying NFT dividends from his spicy peen all over Wall Street?!” + +In the daily, you can see the disappointment post earnings calls as though apes thought it was going to be some sort of magical Apple keynote or something. + +Try to think more like a traditional investor. Sometimes you may have representatives to gather information for you too. The structure/agenda of any public facing content should be communicated in advance to allow for the appropriate prep to be taken. An earnings call focuses on earnings. That’s it. It’s dry. It’s data. But as an investor, I want to know numbers to gain an understanding of Year on Year differences - this tells me the direction of the financials of the company and what my investment is doing (investment is usually thought of as long term and based on futures, right?). + +Announcing new products/launches/strategic shifts in a company may need to be more public - so you’d have press, a convention, a YouTube video, whatever…what benefit would GameStop have in revealing an NFT marketplace to financial advisors in an earnings call when it’s designed to bring value and joy to the average consumer like you and I? + +This may sound very basic to a lot of us, but I think it needs saying before next week because I know for a fact we are going to hear the same doom stuff all over again when a business talks about earnings in an earnings call. + +If you know that GS and RC are going to transform the face of e-commerce in the most lucrative industry on earth, then nothing changes. Zen and love. + +EDIT: a number of you have informed me that there is a press conference scheduled for after the earnings call. Now THAT is interesting. Perhaps we may see some spicy peen after all? Buckle up Wall Street! + +EDIT 2: the press conference may have been debunked as it seems to have been a recurring date (and hasn’t happened on previous dates mentioned). Carry on as you were! +"It seems that in the United States, at least, app developers and advertisers who rely on targeted mobile advertising for revenue are seeing their worst fears realized: Analytics data published this week suggests that US users choose to opt out of tracking 96 percent of the time in the wake of iOS 14.5. + +When Apple released iOS 14.5 late last month, it began enforcing a policy called App Tracking Transparency. iPhone, iPad, and Apple TV apps are now required to request users' permission to use techniques like IDFA (ID for Advertisers) to track those users' activity across multiple apps for data collection and ad targeting purposes. + +The change met fierce resistance from companies like Facebook, whose market advantages and revenue streams are built on leveraging users' data to target the most effective ads at those users. Facebook went so far as to take out full-page newspaper ads claiming that the change would not just hurt Facebook but would destroy small businesses around the world. Shortly after, Apple CEO Tim Cook attended a data privacy conference and delivered a speech that harshly criticized Facebook's business model. + +Nonetheless, Facebook and others have complied with Apple's new rule to avoid being rejected from the iPhone's App Store, though some apps present a screen explaining why users should opt in before the Apple-mandated prompt to opt in or out appears." + +Source: https://arstechnica.com/gadgets/2021/05/96-of-us-users-opt-out-of-app-tracking-in-ios-14-5-analytics-find/ + • Ticker - $DGMOON + +💻 WEBSITE - https://Dogemoon.me + +💼TELEGRAM- https://t.me/Dogemoonme + +🦅TWITTER- https://twitter.com/dogemoonmain + +BIG IMPORTANT NEWS - Coinmarketcap stealth swap finally completed! Huge marketing campaings incoming 🤑 + +🔥Dogemoon is a passive yield mechanic charity token with Charities partnetship around the world! + +Token was launched via Fair Launch on Monday 2nd of august with 10 billion initial supply, and 62% of tokens are already burnt. + +Heavy promos are coming After stealth swap on Coinmarketcap and Coingecko, which is done a few HOURS ago, so there is a chance to get in really early!!! 😏 + +DogeMoon is programmed to reward holders while at the same time increasing liquidity. 🤞 + +🤯Starting liquidity is 160 BNB’s, which is locked for 265 YEARS 🤯 + +🚨Monthly donations to charities will be decided by community. These charities will help tackle real life issues around the world! 🚨 + +Transparent and trustworthy team who show honesty while also showing proof of everything going on behind the scenes to ensure complete trust from community 😎 + +🤫Solidity Finance Audit to ensure contract is safe for our investors🤫 + +💎Social media influence! 12,000 followers on Twitter and 7000 members in telegram 💎 + +😝Multisig contract which means marketing funds cannot be removed without the whole team signing each transaction😝 + +💼Polite and professional team with active mods💼 + +👏🏻Coming together is the beginning, staying together is progress and working together is success 👏🏻 + +👀Website, White paper & roadmap released 20th of July! 👀 + +Tokenomics +-️ Supply: 10,000,000,000, (10 billion ) + +• Initial burn at launch (62% burnt already, only 3.8 billion left!) 😳 + +• 160 BNB Added to Liquidity💰 + +Tax on trasnsaction - 10% + +• 6% tax for Marketing & charity donations automatically turned into BNB to ensure no mass sell off + +• 2% Redistributed to All Holders + +• 2% added to Liquidity + + +Marketing + +💰 Shill Campaign + +💰 Coinhunt, Coinsniper & Other + +💰 Poocoin Adds + +💰 Reddit CMS & other crypto trending posts + +💰 Google Ads + +💰 CoinMarketCap - Stealth swap (ALREADY DONE RIGHT NOW 🤑) + +💰 Coingecko - Stealth swap (already done! 😏) + +💰 Crypto influencers marketing push + +💰 Coinsniper ads coming + +💰 Coinhunt advertisment + +💰 Running ads on different platforms + +💰 Utility + +Nearest future: + +💰 Dogemoon Merchandise + +💰 IOS/Android Application + +💰 Exchange Listings +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! + +this has got to be the craziest part of the whole saga. here we are, approaching 74.1% DRS and the mods do what? propose a discussion about purple circle? + +what are yall evening thinking? or are you not thinking? DRS is the single most important aspect of all that is GME and superstonk. + +to even think about a discussion about what to do with purple circles is trust shaking. GROW UP MODS. BAD MOVE. + +real money is on the line and it is about time you started acting like it. +little backstory - I'm an insurance agent by day, pizza guy 3-4x a week after work and weekends. + +Last night I was working at the pizza joint, get a call, lady orders a pizza and wings, nothing fancy, I think around $24 total, she says she'll pay cash. It's in the oven cooking and I'm working on something else and the phone rings. + +the caller ID shows me it's the same lady who's order is in the oven. + +* me - \[pizza chain\] this is \[me\] how can I help you? +* lady - yes this is \[delivery address\] I just placed an order, but I don't have the cash to pay for it. +* me - oh I'm sorry, looks like it's in the oven so my driver isn't out there yet, what would you like to do? +* lady - I think my credit card has enough to cover it, here - +* *enters credit card info, declined* +* me - sorry ma'am, it was denied, it doesn't tell me why +* lady - oh, okay try this one - +* *second credit card entered, denied also* +* me - sorry ma'am, same thing. +* lady - okay well I'm gonna have to cancel my order. + +When I hung up the phone I just felt so bad for this lady. Unable to buy $25 worth of food for dinner tonight, credit cards seemingly maxed out, and less cash than she thought she had. + +I spent the rest of my shift thinking about what I'd do with $24 if it's all I had for food. I work this job for extra cash and to help pay off my student loans, but things like that really hit home for me. I hope she didn't go hungry last night. +Long story short, recently saw a Financial Planner as I was about to make my first home purchase. It was a stressful time and I was looking to consult a professional to make sure I could afford long-term. I'm not financially illiterate but I'm not an expert, especially with things like forecasting how finances can affect my future long-term. In retrospect, I really should have seemed multiple planners but ended up going with the one due to time restrictions in the property search (pre-approval and the like). This planner wasn't exactly badly reviewed. + +The process seemed legit, starting off with an SOA (Statement of Advice) being issued and a good amount of questions and direction from me. I wasn't quite sure what this document would entail but basically, it had some basic general advice (skewed a little bit) followed by switching my super to their fund and buying some life insurance through them. I got the piece of paper with this advice and found out that they would cost 11% of my total super to engage for the entire year which is huge. There was more content of disclaimers than actual advice. Probably only 3 pages of actual numbers. + +Basically, after a year of engagement, I'd be worse off financially than if I hadn't engaged them at all. I should have read between the lines but this wasn't clear during the engagement phase. + +Anyway, I coughed up the amount for the SOA (a month's salary) because I had signed for it, but I feel like they shouldn't have engaged me if I was going to be financially worse off after their services. The percentages weren't made clear until the advice was issued which was basically a glorified fee proposal. + +Anyway, let this be a warning to you all to really hone in on what you're getting if you do seek it and decide if it's not something you can figure out yourself. It was a waste of time and money for me and can't help but feel I was tricked as I'm not an expert in this field. I've put it down to a hard lesson learnt. +So I’m $93,168 in debt. I had no control over the loans, my mom said she would handle them as I went through college. + +I currently have 5 different loans at differing interest rates, here they are: + +$24,202 at 5.3% +$20,454 at 7.08%(!) +$26,454 at 7.6%(!!) +$11,131 at 7% +$10,912 at 7% + +Assuming that all stays the same, by my calculations (which might not be fully correct), will be around $1,069. + +My other expansive include rent + utilities which is roughly $700 for me shared with my roommate, and a car payment which is $250 a month. + +I just got a first job post graduation at a whopping $42,000 annual salary, living in PA I expect to take home like $2600 per month. + +So clearly I’m super tight and not sure i can live like this, what are my next steps? +I get it, a famous person doing memes in our favor is fun. We all love the wolf of Wall Street movie. But let’s be real here. + +Belfort is the epitome of what we’re up against as retail. He’s a convicted con artist who actually did so much fucked up shit he didn’t just get a slap on wrist from the SEC, he actually went to prison. + +He was just anti-GME a few days ago, and now he’s meme-ing in its favor? A meme repeating the sentiments being echoed in this sub? + +It’s pretty clear to me. Belfort came to the realization that this is the next generation of decentralized hedge fund. There’s power when a bunch of apes all like the same stonk. He sees the popularity and realizes the potential and impact that crowd sourced DD will do. He knows communities like this will grow. And he wants to use you. + +this is nothing more than seedy opportunist bullshit because Belfort realizes you’re the exact type of person who makes him rich- a retard who yolos into risky investments at the idea of massive % gains. he wants to capitalize on the popularity of GME and this sub. He wants to sell you his shitty motivational book and the idea that he can teach you how you can be rich and famous with his “miNdSeT” when really he got rich by scamming people, and famous for being caught. + +Please. Stop. He is not your friend. I wouldn’t be surprised to see him try to leverage popularity gained here to a “trading community” of his own: + +> “Belfort will share his favourite market sector in “Wolf Report” and give 10 lessons in “Wolf Mentality”, which includes tips on “what it takes to be a trader, how to handle emotions, the intangibles of success, how to take advantage of opportunities, and how to learn from your mistakes”.” + +https://www.fnlondon.com/articles/wolf-of-wall-street-jordan-belfort-to-teach-tips-to-armchair-traders-in-new-tie-up-20200819 + +Yeah, how about you eat my stinky dick instead. I want nothing to do with this shit and this sub should not be strengthening any kind of association with criminals of the finance world. +Background: I've been buying and reselling toys for about 6 years as a side gig and hobby. I'd amassed quite a bit of cash on hand - both as actual cash (stacks of $100 bills in a fireproof safe) and funds sitting in Paypal. + +In March 2020, an old friend who works in the CBOE texted and said "if you aren't in stocks, buy something, buy anything, right now." I wasn't in stocks, so I said how about a few examples. He said Amazon, UPS, and SPY. So, I took that sideline cash and bought those three. Initial investment of $11,000. I've since sold AMZ, UPS, and SPY, and kicked in a few thousand $ more from the side gig. So I'd say I moved $13,000 cash which was literally not invested in anything, into the stock market. + +Current portfolio (all but the last two earn dividends): + +WMT, MPW, CSCO, CMCSA, NLY, T, OKE, ABR, AMCR, CURLF, LUV + +Overall, the current value of the side-hustle business is about $34,500. That's $20k in stocks, $8600 in cash (to remain liquid or for a rainy day), and $6000 in inventory. Over the years, I cashed out some funds for a down payment on a car, bought a fun toy for me (and a toy for the wife to keep her happy), but otherwise kept every penny of this separate from life's other money. + +A few things I've learned in 11 months. Dividends are cool! I got my first stock dividend on UPS, and my strategy shifted. Don't be afraid to sell and take your gains, and when you do don't look back. I sold some AMZ at $2412, oh well, got a nice gain. Sold the rest at $3303 - excellent! Do some research, but don't kill yourself over decisions. If you see something you don't like, go ahead and sell. You can't diversify overnight - it'll take time. +I always see people refer to SCHD as the golden egg for dividends yield. +Everyone here invest in SCHD. +Yes, even you (probably). +Many people tend to compare other ETF's to SCHD performances. + +But why? +I understand it's a great fund. +I understand it gives good dividend yield +I also understand it had a solid growth record. + +Yet, it's not the only worthy ETF out there. +There are so many others. + +So why SCHD became the facto for dividends yield? +It's almost feel like a meme at this point. + +I also see folks who put all their savings into SCHD. +Aren't you scared to put everything in one ETF? That sounds super risky. + [https://www.nydailynews.com/coronavirus/ny-coronavirus-loeffler-coronavirus-georgia-insider-trading-reopen-20200416-6r4mmyd4rbduvfp2623en256vm-story.html](https://www.nydailynews.com/coronavirus/ny-coronavirus-loeffler-coronavirus-georgia-insider-trading-reopen-20200416-6r4mmyd4rbduvfp2623en256vm-story.html) + +&#x200B; + + + +A Georgia senator who’s accused of insider trading on coronavirus information has been named to President Trump’s task force on reopening America. + +Sen. Kelly Loeffler says she’s looking forward to pitching in on the panel to help “get Americans back to work safely." + +Loeffler, a strong Trump supporter, is one of several GOP lawmakers flagged for making suspicious stock transactions shortly after receiving official briefings about the staggering potential impact of the pandemic. + +A wealthy investor, Loeffler made millions of dollars of trades in stocks at a time when the public, and other shareholders, were in the dark about the extent of the economic carnage the virus was expected to cause. + +She contends that she did nothing wrong and says all the trades were made by a financial adviser who knew nothing about her inside info on coronavirus. + +But she later moved to sell all her holdings in stock of individual companies, which rivals called a “guilty plea” to accusations of improper trades. + +Besides Loeffler, GOP Sen. Richard Burr (R-North Carolina) is also under serious pressure to resign over coronavirus insider trading accusations. + +He is reportedly facing a criminal investigation for dumping stocks after getting a secret briefing about the pandemic and while he reassured the public that there was little to worry about. +Hey guys, I did a detailed video about how you can spot financial statement manipulations and how dishonest management of a company can inflate the numbers to paint a rosy picture to attract investors. A dishonest management can manipulate vital metrics like return on equity, sales, earnings and operating cash flows to fool investors and shareholders. I discuss in detail how you spot these manipulations and what red flags you should look for. I discuss examples like AOL which capitalised its advertising expenses to inflate its profits. I also talk about how as investors we can benefit from using tools like the Beneish score to detect financial fraud. Check out this detailed video here: +[https://www.youtube.com/watch?v=DIYKPsaieUM&ab\_channel=InvestingUntangled](https://www.youtube.com/watch?v=DIYKPsaieUM&ab_channel=InvestingUntangled) +The purpose of this post is to document my experience with a recent eminent domain taking. When I first heard it was going to happen, I searched Reddit for similar experiences, and didn't find anything helpful, despite having a huge impact on our personal finances. So, I'm making this post in the hopes others find it when they need it. A quick note that eminent domain (also known as compulsory purchase or expropriation) is when the government takes private land for public use. My example was pretty textbook: the state wanted to build a road, and my land was in the way. So they essentially forced a sale. + +**Background**: My wife and I live 6 acres of land in the Mid-Atlantic region. It's rural, but on the other side of the road is suburban property. The state wanted to take this road, which is one lane in each direction, and make it two lanes one way, and lay down new pavement for two lanes in the opposite direction. And our driveway goes up to the road now, so a new road is being built for us (parallel to the new road) and the end part of the driveway is being removed to prevent us turning onto the highway directly. So the state needed about 2 acres of land, mostly flat pasture, which we were using for our horses boarded on the property. + +[My wonderful representation](https://i.imgur.com/7oUseo8.png). + +**The beginning**: You may first hear about it from neighbors, but there will be mailings sent out to those affected, maybe over a year ahead of time. Keep track of project status and funding, and expect local meetings at nearby schools with the planners. You can talk to them and find out the plans. One thing to note is the plan is never set in stone. The state puts out a Request for Proposal, and contractors respond with proposals, and the chosen design wins the bid. So while the state man plan some minimum requirements, the winning proposal and design may be different. + +**When it gets real**: You will receive official notice at some point that the state is going to try to buy your land. Now, if your state has a "quick take" provision, as ours does, heads up: the state can take your land with no negotiation at all. For us, this is allowed only if a reasonable amount of money, representing the value of the land, is placed in a Court fund, available to the homeowners without prejudice to future negotiations. Three months after the initial notice, our land was "condemned" and the state owned it, and we were defendants in a civil suit. No Deed transfer yet, but it was in effect gone. Along with this letter was an appraisal showing how they got the figure they got to. + +**The appraisal**: The state will hire someone to appraise the land, and it's no different than the appraisal you had done when you bought your house. They look at the land, the comps, and figure a range/average from there. Our county executive in charge of the project had built up a reputation of never having to ever go to court over eminent domain, so the comps were generous. And like other appraisals, the "highest and best use" was used, so this was a decent number, to be honest (1/3rd of what we paid for the entire property, but they weren't taking any structures, just land). + +**The negotiation**: Quick take or not, you're going to want to negotiate with the state. It's quite worth the time - since we have horses, and this land affected them, we compiled a loss per year due to the loss of this land (extra food costs, revenue lost from losing a boarder, e.g). We also compiled costs for restoring the remaining land to similar condition of the land being taken (grading hills to create flat pasture, new fencing, e.g). The state didn't like our loss per year, but only because it wasn't boiled to one simple number. So, I extrapolated the loss from our age until age 65, added restorative costs, and asked for twice what the state originally gave. They knocked it down to a round number, and we accepted. + +**The emails**: I have never been involved in anything so... involved before. Even after all the estimates, documents, meetings with the lawyer and neighbors and agreeing on a price, it was a battle to get the money. You have to deal with courts, paperwork, and if you have a mortgage, your lender. Our lender is pretty chill, but they still wanted some money, as the property is losing value. After that's all done, you need to get your check, and in our case, a second check from the state. All in all, this is one year of asking people "What can we do this week to move the process along?". We're still due some interest, and with COVID-19, I know it's going to take many more months to get one simple check. + +**Taxes**: I can answer questions about this, but read IRS Pub 544 for details. We got $X for the property, that's a gain (or loss if your adjusted basis is higher than that). The $Y we negotiated to restore the property reduces the remaining property basis - so it's not taxable. The $Z in interest (because it takes a year of sending emails) is taxed as ordinary income. + +1) For $X, the gain is $X minus the basis, or what you paid for the property plus expenses in buying/upgrading/selling. Since ours was a subset/parcel of a larger lot, we got an appraisal for just that land (separate from the state's) and a realtor to give us comps from the year we got the house. So say the realtor says it's worth $50,000, we spent $5,000 in lawyer fees and appraisals, and we got $80,000 from the state, then taxes are $25,000×15%. + +2) For $Y, the severance, say that was $40,000, and you paid $250,000 for your home. When you go to sell your home, say $300,000 in the future, your gain is $50,000 normally. Well now it's going to be $90,000. Note the first $250,000 ($500,000 if filing joint) of gains of a primary residence are not taxed if you live in the house for at least 2 years. (*edit*: removed wrong tax info) + +3) $Z is just normal income, easy to deal with + +**Timeline** from getting the first official letter that eminent domain was happening: + + 3 months: The "taking" happens + 6 months: Negotiated new price + 9 months: Lender gets paid, we get paid first payment (from original) + 15 months: We get paid the second payment (negotiated amount) + 18+ months: Still haven't gotten all the interest due + +OK, I didn't want this to be too long, so I'll put this up, and feel free to comment with questions. +How is it that yahoo finance is now re publishing the garbage propaganda from motley fool Canada I was reading a yahoo post regarding the demise of enbridge and how it could be worth 0 in a few decades which I find hard to believe... Then at the very bottom of the page there was a tiny not saying courtesy of motley fool canada and I thought another bullshit market manipulation post in disguise... Has anyone else come across these type of posts? +Well well well well wellllllllllll well. + +Where do I even begin? I'm high, tipsy, and just trying to come to terms with this past weekend. I saw my father for the first time in over a year today. Some of you know me, some of you don't, so I'll give you the quick rundown. Pops is a former MD at a major Wall St firm, reserved and skeptical boomer, who at the same time loathes market manipulators and regulatory bodies. BIG YUGE long-on-GME ape-loving genius boomer. He has his biases, but he's objective to a fault, and this weekend marked an enormous change in our relationship. I've legitimately been on the verge of tears for the last six hours just thinking about what you guys, and he, mean to me, and how on Earth I was going to try to structure this post. + +So I've decided... not to, really. I'm just going to tell it stream-of-consciousness as I felt it, not as I "wrote" it. You can choose to take from it what you will. Take inspiration, take resilience, take whatever, or nothing at all. I truly don't care. I've been found and contacted, received buyout offers, received threats, received threats about revealing threats, it is what it is. What happens to me, you the reader, or any of us, is out of our hands. We stand and fight and what happens happens. But this weekend changed me, so I'm gonna be telling it like it is. Warning: this is gonna be LONG. If you don't want to stick around, I don't blame you. This is just a story of a kid finally meeting his dad on common ground, and there are plenty other BRILLIANT posts. For those still interested... + +My father and I's paths to Finance were vastly different. Out of college, he was pursuing an entirely different vocation before switching to Finance, whereas I went towards it directly after school. He had his MBA before setting foot on a much kinder Street. Whereas mine marked the end of my appetite for endless moral qualms and empty bottles. So he settled in as a much more journeyed and composed adult, whereas I floundered. I tried to salvage it with a graduate degree and a focus change, but it did nothing for me. To this second, my parents still don't know that most of the time they thought I was on the other coast of this continent doing consulting work, I was on another continent(s) working for a couple public sector entities. International Relations was always my greatest educational love, so I wanted to try my hand at humanitarian/peacekeeping work, and enjoyed it a great deal. If I lost a tooth, I'd tell my mother I took up boxing and had a rough day sparring. Or that my constant cough was a result of change in climate and not pollution. If they ever read this, it'll be the first time they've heard. Still haven't decided if I do or don't want them to ever find out. + +Eventually, that experience broke me down, and I returned home to pursue an entirely new industry and career path, which I also love. Diving into behavioral economics and data science has been incredible, and GME couldn't have hit at a more perfect time. Y'all are everything to me, truly. I had barely even dabbled in investing since I'd left the Street, and you not only brought me back full tilt, but have also shown me what I want to do for the rest of my life. As a thank you, if I can, I want to give you the most insight I can into a genuine battle between the skepticism and disbelief that comes from age, wisdom, and shattered expectations, and the hope, optimism, and doggedness that can only be born of youth. + +We discussed everything. [/u/atobitt](https://www.reddit.com/u/atobitt/)'s prescient HoCs, leavemeanon's speculations regarding ETFs and arbitrage, sovereign wealth funds divesting from USD, Fed divesting corporate bonds, MSM brainfarts, etc. You name it, we went over it. And after it all, he was still cautiously optimistic. You have to understand... this man was not born with a silver spoon. I was, thanks to him. He busted his ass, one of many kids, and ascended to the top of the industry. He earned every dollar he ever made, and I would put his moral compass up against anyone else's on Earth, and that's "on God", as the younger apes say. So while he was there, he was able to benefit from having the power of the system behind him. But once he was out, he was just another John Q Public. No matter how he worked, that was how he lived. And he would always tell me, same as you'll hear on Superstonk, "Nobody is your friend. They're always gonna step in and bailout the offender, because it's easier than the alternative." + +And he planted that notion firmly in my head. Thankfully, 6 months with you glorious bastards has eradicated my doubt.... But I was a kid in 2008. This dude lived through '62, '73, worked through Black Monday, Black Wednesday, Dotcom, and, with all that knowledge, watched '08 unfold in front of his eyes with complete and total understanding of the fuckery afoot. He saw, as he calls it, the government's preferred method of "dealing" with these situations. Stepping in and "taking over" the offenders. Years later, those offending institutions are right back to their old game. No justice for retail. NEVER. Like you guys say, they're ALL out to get you, you have no friends in this game, you can't win.... + +"But," I asked, "What if they CAN'T step in and unwind this?" He asked why that wouldn't be possible. So I explained that, if everything we'd just discussed was accurate, there are, at minimum, hundreds of other mini-GME bombs out there just waiting to detonate. The SEC abolished grandfathering/"forgiving" phantom shares in 2008 after the Overstock situation was exposed, swearing they'd never do it again. So...let's say they decided to do something similar and spit in the face of their own regulations. They step in and shut it down, forgiving all those shares. So now you've pissed off 5+ million retail investors, dozens of sovereign nations, and everyone is frothing at the mouth, calling for heads to roll. People might already be out in the streets, orchestrating massive movements that co-opt the many already-existing groups of citizens with massive disdain for the current system.... + +And while that's happening, you've still got hundreds of other companies shorted to the tits that you need to address. What are you gonna do? Start working your way down the list, giving Wall St a do-over on every last one of them? Try that shit with the whole world watching, as their retirement accounts tank 60%, because that's where it's going regardless. "So how do they fix it piece by piece?" + +That was the longest silence of my life. I had gone full tin foil, as far as my family is concerned. I was making connections that bordered on irresponsible, but I hadn't been immediately shot down yet. My father has this..... very judgmental expression that he somehow limits solely to his eyes. But even those alone just scream "You're an idiot, but I love and pity you." Instead, I was now getting "hold on, lemme think." Then he said it. "**They cant.**" + +This was the breakthrough that I'd been searching for, without knowing it was there. I had no idea that his mental block as to the possibility of a deviation from the status quo hinged on the severity of a situation. He had never seen something THIS systemic before. There was always a culprit, or culprits. I was able to convince him to buy in because he believed in the fundamentals, but he never REALLY believed that it had the capacity for such a monumental squeeze until just now. Because by his view of the government's favored "M.O.", they would just step in and take over. Well, if the government needs to "own" Fannie Mae, Freddie Mac, the ten largest banks, most hedge funds, the DTCC, and every other large regulatory and clearing institution just for their citizens not to be destitute, maybe it's time they just take the whole thing over, eh? + +He agreed that this course of action was simply untenable. "So...what's the right play?", I asked. + +**"I don't know."** + +Not sure I've ever heard those words from him before. + +With all his somberness in how he said it, his eyes somehow brightened. Like..... somehow, the fact that his brain didn't IMMEDIATELY take the skeptic's path amused and enthused him. We are different. We were born with this hope, this insane belief that we could somehow claw our way through all the bullshit to a meaningful existence, all thanks to beautiful internet movements like this one. His eyes now screamed "there's something to this. I don't know what this feeling is, but for once it's not disappointment." It was beautiful. I don't think I've ever been more ecstatic to score such a small victory. + +This was his core tenet. After all, one of his favorite quotes is a Superstonk staple, by J Paul Getty: "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." He was amazed that they may actually have dug the hole THAT fucking deep, and he just opened up. He actually entertained a MODERATE amount of my tinfoil! We talked about how the implications of this..... + +Okay, time out. I gotta address this. To the "the market is not the economy" squad: FUCK YOURSELVES. When the hole is THIS deep, it penetrates not just the economy, but geopolitical power dynamics. Take, for example, our relations with South Korea and Japan. When I informed pops that the Russians had divested their USD holdings, he commented about the paltry amount that was compared to an entity like China. Come to find out, Japan, one of our most important allies, holds more US treasuries than the mother fucking PRC. And how Korea had abolished naked shorting a month after learning of its existence. Whereas their greatest strategic ally was allowing this behavior to continue unchecked, to the point where U.S. markets collapse, cascading and destroying the Korean market in turn. How many sovereign nations must we betray before everyone turns on us? How many global citizens must we disenfranchise before we are exiled from the global community? Okay, sorry, moving on!... + +Dont take this the wrong way....but my father hates Europe. Well...mostly France. I kid I kid. He's one of the most inclusive dudes ever. But he's also a rurally-raised, All-American boy that jokes about soccer being communist and the French rifles being "never fired, dropped once". Truly all in good humor, but he's just...that dude, you know? But that dude, swear to god, actually said "If they actually stepped in and stopped this from happening....I really don't know why anyone wouldn't just immediately move to Europe." + +Blew my mother fuckin mind, y'all. I can't even put it into words. + +He drew a connection this weekend. He's a huge golf fan. His favorite golfer is Brooks Koepka, who hates this other golfer Bryson DeChambeau, who hates him back even more. Pops was THOROUGHLY amused to find out that Koepka was offering free beer to people that taunted DeChambeau on social media. He then likened that situation to the power of the GME memes I'd shown him courtesy of Reddit and Twitter... + +He was getting it. He was seeing the value in our way of doing things, and the power it has on society. How it drives engagement, involvement, INTEREST. Leveraging the fascination with social media to drive REAL interest to a cause. + +I don't know what's gonna happen for sure. Neither does pops. All we've managed to see eye to eye on is that the government has two options. In either, the current system goes away. Either you leave retail with one last giant "FUCK YOU!", leaving millions disenfranchised and destitute, chomping at the bit for politician and banker blood. Or you give retail a win. One fucking win, as a gesture of good faith, that whatever new system that arises from the ashes of this fraudulent one might be the SLIGHTEST bit friendly to middle America. + +Pops was mystified by the lengths we were willing to take this. 6 months of endless fuckery. 24/7 FUD, no safe harbor in sight. And still we persevered. He believes that we've finally reached Malcolm Gladwell's "Tipping Point", that us 20% of people were finally doing the 80% of the work necessary to meet the Pareto Principle. That the citizens of the world finally had sufficient interest and involvement to to drive undeniable change. And that that is what we are seeing right now. There are so many eyes, so many fingers, so many minds on this trade, there's no way to lose. We have no liquidity requirements. We have no deadlines. We just BUY. We just HODL. That's all there is. That's all there's ever been. Apes have awakened and discovered this principle, and they truly believe it. Pornstars are posing with 'The Intelligent Investor'. Floyd Mayweather is wearing CRYP70 shorts into his fight. I'm personally seeing Shibecrap headlines by boomer news anchors on NYC cab screens. This shit is really and truly mother fucking unprecedented. + +History doesn't repeat itself, but it does rhyme. Much like the boom/bust cycle, the wave recedes only to crash harder the next time around. The proletariat is only docile until they're not. Is this the wave that levels everything? + +**"I don't know. But it's sure gonna be interesting",** pops said. + +**I'm not sure I can properly thank you all for opening my father's mind up to the idea of a decentralized movement triumphing over entrenched power. I really, truly, deeply, and forever will love each and every one of you. No matter what happens, I know what I want to dedicate the rest of my life to, but I (and papa Brov) are pretty damn bullish about the fact that apes have adopted an entire second job to combat fuckery.** + +Which brings me to my last point. I know you are all just as flabbergasted as me that we've managed to beat hedgies into submission when this isn't even our day job. But that's just the point. If you're still reading this, you've dedicated most of your free time for the last 6 months to this movement. You've read every DD, every News, every Opinion, just to make sure you've got the full picture. And the result? You've got a better picture than the people you're up against. Because you genuinely care. Feel pretty good, eh? Well.... I hate to be the bearer of bad news, but this isn't magic, it's math. This isn't a miraculous movement. You saw a problem, you identified the issues, and went about solving them. Hundreds of thousands of you. And what you were left with was a prime example of "wisdom of the crowds". One step ahead in every way. Smarter, better, faster, stronger. I worry that some of you are viewing this battle in a vacuum, rather than as what it represents... + +We can call for campaign finance reform, to expel outside influences, etc, but at the end of the day, the only person you can trust is YOURSELF. + +This is something you need to understand. This trade, this movement...is not a mistake. Because of the wisdom of the crowds, we accumulated enough data to make an intelligent play. But going forward..... you must understand this is your new second job. Yes, it already has been for months, but now we're making it official. If you want to beat the street, you have to put in the hours. Thankfully, between us, we have hours to spare! But only if you remain diligent. This is your life now. Even if the current system collapses, the next one will be built against your interests. Are you ready to put in the work to combat fuckery? I think you are. So does pops. + +**I saw a light in my father's eyes this weekend that I've never seen before. And I've never felt closer to him, and it's all thanks to you. So much love to each and every one of you.** + +**TLDR: "The price of liberty is eternal vigilance"** \- Wendel Phillips + +🙌💎🚀🚀🚀🚀🚀🚀❤❤❤❤❤❤❤❤❤ +**Only 1 Token just released trackbsc.com to build out a variety of BSC utilities!** + +Currently, the website has a token tracking tool that allows you to look up how much you (or any wallet) has earned from reflect rewards. Coming soon: portfolio tracker that allows you to track all of your tokens. + +#TRACKBSC.COM FEATURES +**Sleek, colorful but tasteful UI** + +**Check the Reflect rewards of any BSC token and any wallet** + +**Liqudity adjusted value with price impact taken into account to get the most accuracte price** + +**Creating a one-stop shop to track, analyze, and even trade your tokens** + +**A lot more features coming soon. Premium features will require that you own a certain amount of O1T.** + + + +This token has performed beautifully recently compared to many others. + + +From new Medium: + +A unique benefit of the O1T portfolio tracker is that it will provide accurate price data while accounting for each token’s liquidity. Following the initial release of the portfolio tracker, we will continue to add exclusive features for O1T holders, and begin developing the fundraiser/charity wallet components as described in our Lightpaper. While the tools we are creating aim to improve the experience of all BSC token holders, the best experience will be reserved for those who hold Only 1 Token. + +https://only1token.medium.com/earnings-and-updates-c7b3078a3f7f + +#WHY O1T? +Only 1 Token (O1T) has to be one of the most overlooked tokens on BSC. A true hidden gem. Some might see the name and the max supply of 1 and think it's a gimmick, but once you take a look under the hood and see how solid the fundamentals are you will be blown away. + +The TechRate audited smart contract itself is a thing of beauty. It's not just some copy and paste; its custom made by some kick a$$ developers. Just like most of the other tokens out there it rewards all holders with 4.9% reflection from all transactions. Just have to hold to earn more. + +There is also a one of a kind / first of its kind mechanic to reward Liquidity Pool providers. All that needs to be done to take advantage of the LP rewards is own some O1T and pair it BNB though PancakeSwap. Once that's done it can be added to the liquidity pool. The reward for doing this is 2.5% of each transaction split amongst the pool providers. This is super lucrative right now because there are only a few smart individuals taking advantage of it. + + +**Contract Address** -> 0xbb994e80e2edc45dce9065bda73adc7e9337b64f + +*insert Billy Mays voice here* +#BUT WAIT THERE’S MORE! + +The website https://only1token.com is a phenomenal and includes a roadmap. The first dApp is being built on it which should launch soon and create quite the buzz around the BSC community. It's a slick BSC portfolio tracker where users will be able to keep track of and trade tokens with ease. O1T holders will get access to some premium features of the tracker. + +There is also a pretty lucky partnership that has been rumored but hasn't been officially announced yet which will add even more utility to the token. + +Listings on CMC and CoinGecko should be coming soon. This is massive. Because O1T has a supply of 1 the price of the token is the marketcap. So for the people that filter by price on CMC and CG Only 1 Token will constantly be at the top of the list. + +#What O1T Offers + +**TechRate Audit** + +4.9% Holder Rewards + +2.5% Liquidity Pool Provider Rewards + +dApps / utility + +Partnerships + +Marketing Budget + +One Strong Community + +CMC & CoinGecko Coming Soon + +DxSale locked liquidity + +📈https://charts.bogged.finance/?token=0xBB994E80E2eDc45dCe9065bda73ADc7E9337b64F +**Massive WINDY UPDATE** + +Hi guys! How is life treating you? The last time we spoke, we had minor events. This weekend though we have some seriously game changing updates. First let’s check off the basics. + +Coin Market Cap ✔️ + +Coin Gecko ✔️ + +Advanced Charting ✔️ + +Working DEX Platform ✔️ + +Staking is now available ✔️ + +Upgrade Of Website + Telegram Bot ✔️ + +More coming soon? Yes! + +Join 10,000+ other investors [➡ ](https://emojidictionary.emojifoundation.com/right_arrow)😀 [https://t.me/windswapmembers](https://t.me/windswapmembers) [👌](https://emojidictionary.emojifoundation.com/right_arrow) + +**Why should I invest?** + +Well. I did some research about DEX tokens, and you can fundamentally divide them into two categories. Those who do deliver and those who don't. So far, the WindSwap team has delivered on every promise they made. Therefore, I believe wholeheartedly and logically that the market cap is absurdly undervalued: 3m for a working DEX is a very low market cap. To sum it up: + +* Low Market Cap - Currently just $3M +* Rug Proof - 80% of Tokens are using for liquidity on Pancake Swap (99% Liquidity Locked on Unicrypt) +* High Organic Growth +* Holders are rapidly growing + +**What Makes WindSwap Unique** + +Windswap offers a comprehensive set of tools to assist our users to have a smooth experience when they transact tokens online. WindSwap already provides a live and fully functional exchange platform which can connect to popular wallets like Meta Mask, Trust Wallet among others and comes pre-loaded with a list of tokens that can be exchanged. + +WindSwap allows you to trade nearly every BEP-20 token on the BSC network. We are now creating interactive real time charts, smart limit orders, due diligence (‘rug checking’) tools, and a cross-chain bridge capability to convert TRX or ETH network tokens to the BSC. + +**Why only WindSwap and not others?** + +The WindSwap team has offered us some things they wanted to implement. They are highly active in the telegram group. Here is a list of things they are working on as we speak: + +* Slippage slider +* Cross-chain swapping +* UI Improvements +* Charting tools +* Automatic Slippage +* Limit Orders + +**In a Nutshell:** + +A fresh competitor on the DEX market with highly engaging and secure features, with a token that rewards early adopters through the aggressive early-on, cycled burn pattern. By the time the burn cycles are completed, (50%)+ of the features will be there for you by the end of June. They are not aiming for a quick buck. Instead, they aim for a good product that will be active in the market for years to come. + +**Links** + +Contract: 0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +Tokenomics Explained: [https://windswap.finance/branding/What-is-WindSwap.mp4](https://windswap.finance/branding/What-is-WindSwap.mp4) + +Bscscan: [https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +Buy here: [https://app.windswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://app.windswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +Chart: [https://app.windswap.finance/#/chart](https://app.windswap.finance/#/chart) + +Liquidity Locked: [https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6](https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6) + +Discord: [https://discord.gg/8guFEsrJ](https://discord.gg/8guFEsrJ) + +Litepaper: [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +Telegram: [https://t.me/windswapmembers](https://t.me/windswapmembers) + +Site: [https://windswap.finance/](https://windswap.finance/) + +Coingecko: [https://www.coingecko.com/en/coins/windswap](https://www.coingecko.com/en/coins/windswap) + +Coin Market Cap: [https://coinmarketcap.com/en/currencies/windswap/](https://coinmarketcap.com/en/currencies/windswap/) +Hi guys! Recently my country is going to have election and it has sparked my interest in economics. I have a engineering in degree and I have zero idea about economics. + +How important is economics for an Engineer or a normal person? + +I'm very good with maths and I love analyzing numbers. Does it have any relation to economics? + +Any YouTube recommendation to learn about economics? + [U.S. Treasury seeks reporting of cryptocurrency transfers, doubling of IRS workforce | Reuters](https://www.reuters.com/business/finance/us-treasury-says-can-shrink-7-trillion-tax-gap-by-10-over-next-decade-2021-05-20/) + +> The Biden administration's tax enforcement proposal would require that cryptocurrency transfers over $10,000 be reported to the Internal Revenue Service and would more than double the IRS workforce over a decade, the U.S. Treasury said on Thursday. +> +> "As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on," the Treasury said in the report, which noted that these assets, are likely to grow in importance over the next decade as a part of business income. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I am an undergrad student who is a senior. Currently my chosen path is finance but a lot of the work in finance seems to be accounting work rather than something relevant to my undergrad degree which is economics. I am wondering if anyone has a career that involves economics? + +Also what do you do in a day to day basis? +Loopring is getting silenced in the crypto sub. I believe is to stop people from asking why loopring is mooning. If the crypto community start doing research on Loopring they'll find Gamestop, and to me that's great!! + +Loopring could get the attentions of millions just like the first doggy coin did. + +I understand this a GME sub, but let's embrace the mess! + +Edit: LoopBros are already throwing cash at GME in solidarity! + +APE TOGETHER STRONG!!! + +There's a LR sub loopring org +Go take a gander +Opinions are my own, do your own DD. + +QYOU is a media company with an international presence + +With the upcoming earnings report, I believe that this is the perfect time to dip into QYOU. + +The catalysts are set up perfectly and with the insane team managing them, this is going to the moon. + +&#x200B; + +[https://finance.yahoo.com/news/correction-source-qyou-media-inc-155500920.html](https://finance.yahoo.com/news/correction-source-qyou-media-inc-155500920.html) + +They recently closed a deal that will be hugely beneficial and sets up the company for a great start for 2021. + +&#x200B; + +[https://ca.finance.yahoo.com/news/iiroc-trade-resumption-hhs-170100325.html](https://ca.finance.yahoo.com/news/iiroc-trade-resumption-hhs-170100325.html) + +Their India branch recently hit record numbers showing that growth in that sector is about to explode. + +&#x200B; + +&#x200B; + +[https://www.sedar.com/DisplayCompanyDocuments.do?issuerNo=00010753&lang=EN](https://www.sedar.com/DisplayCompanyDocuments.do?issuerNo=00010753&lang=EN) + +&#x200B; + +Here is a link to their Sedar filings. If you are interested. + +&#x200B; + +QYOU is on the cusp of breaking out, and in my professional retarded opinion I think now is a good time to go in. The catalysts are in place and we on the way to the moon. +Thinking of quitting my job. It does not pay well. I don’t get enough hours. It’s demotivating and I feel stagnant. + +Has anyone quit their job to just take a year off not working? What did you do in your time off? Did you have trouble getting another job? + +I’m thinking of living humbly for a year, and doing volunteer work/or a 6 month certificate. + +Also spending time with family more and riding the bike more. And working on improving my physical health. + +Another reason why I want to quit is that I have a 4 week notice period and I’m looking for a new job at present. It seems having a 4 week notice period makes me an unattractive hiring option and makes me feel like I’m trapped. + +However I’m a bit scared that I will also be an unattractive hiring option after taking a year off. + +Any advice/experience with the above appreciated. + +Thanks +The recent surge in popularity of Wallstreetbets sub has brought an influx of people to r/investing peddling harmful information for new investors, and it pains me to see a sub that was such a great resource for me when I started out investing become infested with losing strategies. Study after study shows that 90% of options traders lose money, that the vast majority of people who try to time the market lose out in the long run, and that almost 92% of actively managed large cap funds lost to the S&P 500 over the last 15 year period. Despite these facts, these losing strategies have been all I have been seeing on this sub over the last few months. + +If the data isn't convincing for you, I've got a story for you about the smartest man I know. Only person I know who got a perfect score on the SATs. Undergraduate and graduate degree in economics and finance from an Ivy League school, after which he became a CFA. Earned multi, multi, millions as a portfolio manager, before retiring young in his late 30's or early 40's. You want to know how he invests now that he is retired? Index funds. Do you want to know where he told me most of his hedge fund and mutual fund manager friends invest their own money? Index funds. + +Honestly, over the past few months, wallstreetbets has been a considerably less harmful sub for new investors than here. There seems to be an overarching theme over there that they know they are gamblers and dumbasses, where the options traders here seem to think they are the smartest guys in the room. At least they have funny memes over there to help ease the pain when they inevitably lose their money. + +I don't know what the solution to this is, I'm not sure if banning advice that has been statistically proven to lose money for most investors is a good idea. All I know is that this sub has become a place that is peddling advice that will lose new investors money, and I think it's atrocious. End rant. + +Edit: the amount of disinformation being up voted in this thread is staggering, people not knowing basic things like what the difference between an ETF and an index fund is and people thinking that portfolio managers only get compensated when they are successful. Case in point. + +Edit 2: Since everyone seems to think I am saying everyone should just throw everything in VTI and call it a day because they think that is the only index fund that exits, I'll clarify. If you feel like you have very strong knowledge that a particular sector will outperform, or if you have done a lot of homework and think for example growth stocks are going to crash, it's fine in my opinion to use a low cost index fund to overweight your portfolio towards value. For example, if you think large cap growth is going to continue to outperform, feel free to buy some Fidelity large cap growth index at .035 expense ratio. If you think tech is the way to go, dip your toe into some .08 expense ratio FTEC tech index fund. Hell if you have a stiffy for groceries, go ahead and treat yourself to some .13 % expense ratio XLP consumer staples index (I personally wouldn't buy anything with .1% exp ratio or over, but I don't it's a big mistake for someone to do that.) Using cheap indexes doesn't mean only buy things that completely emulate the market. You can diverge from the market as long as you do it cheaply and within reason. +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). +Exactly a month back I started trading with $100 real money before that I traded with 100,000 demo account for at least six months and have been trading options for 2 years in my interactive brokers account. So I knew all the basics of trade. Here are some of my learning which I want to share with beginners like me + +1. A $100 real money account will teach you more lessons than a 100,000 demo account. At the end of the day when real money is on line your mind plays a mental game on you which will affect your trading. So first overcome that. Start real + +2. Simple methods work but when they don’t don’t immediately dump them and go searching for some other methods. I have lost more money and sleep by jumping from method to method trying to find the silver bullet. There isn’t any. Only solid risk to returns and position sizing will save you. Even simple MA cross overs work only thing is you must know when they don’t + +3. Some days your method doesn’t give a signal don’t fret. Maybe tomorrow it will give double. The markets will be there everyday and our aim to survive and fight for another day. Don’t get in to a suicide mission + +4. Drawdowns - this is a reality of trading. I was down from 100 to 50 on the first week and went as low as 35 on the second week. I managed my emotions and survived the trauma to make back the lost money and closed the week today at 108. Mission is to move slow and Last long rather than move fast and die early + +5. I had 270 trades on the first week and on the last week I had 20 trades ( still high, working on to reduce that) it’s better to think yourself as a sniper than a machine gunner as simple as that. Precise targets and clarity will remove all the mental trauma. + +All we want is to have a job which we like and which doesn’t stress us. So our aim is to trade stress free. Don’t focus on profit initially. I think my toughest week is the week ahead since I am on green and mind starts playing games to not let me go below the 100. Hope i survive and stay long and get wise. + +P.s : please share your experiences too +1. Get a mortgage broker but also use your own judgement re: their advice. I didn’t get what all the fuss was about getting a broker but they essentially helped me to get a lower interest rate and no LMI when using 15% deposit. I had 20% deposit and had previously been contacting banks by myself for pre-approval. They would comb through my bank statements so had to be very careful with my spending, but with a broker, they only needed 3payslips and that was it. Broker did advise to borrow way more for investment property which I didn’t want, so stuck to my guns as I don’t want to be stressing about the repayments. + +2. Use a buyer’s agent (BA) if you can. I wasn’t aware that some offer an option where they bid for you at the auction only for about $1300 which sounds a lot but considering how panicked I was and the desperate lengths I would have gone to get the property, it was well worth it. They saved me at least 30k and left to my own devices, at least 100k. For this option, I did my own research and I knew the market well so much so when I was talking to a few BA’s about what and where I wanted to buy, most didn’t think it could be done for what I was willing to pay. However, I was able to provide them the relevant comparators in the same market and how prices were falling, which showed I wasn’t being unrealistic. + +3. Read your contract yourself. They buried the fact that there was asbestos in the bathrooms way into the 174 page contract, but because I read through it I was able to ask my solicitor to find out more about this. I was initially put off till I found out that a lot of properties built before 1982 would contain asbestos so I would have to deal with the issue regardless. I got quotations for how much it would cost to update the bathrooms without disturbing the walls and also for full renovations, so knew my options beforehand. + +4. I listened to a lot of free podcasts on being a first Home buyer and much as people like to hate, the barefoot investor helped me a lot on this journey. I’ve gone from being a spendaholic to being relatively frugal :) so there’s some hope for people with partners that like to spend a lot. There’s quite a few podcasts that explain in great detail the whole home buying process. + +5. I sacrificed my life for years to get the deposit and worked 2 jobs as a nurse. I hope to never have to work 2 jobs again but am grateful for the opportunities Australia has given me, because being an immigrant I’ve had to try and support myself whilst also looking after family back home so it certainly wasn’t easy for me. + +6. I learnt to compromise. I got most of what I wanted in the property and it’s in a great location for me. I decided that if I went up to my purchase limit, I could live with an unrenovated kitchen and bathroom whilst I saved up. Thankfully it won’t be for long. + +7. Now that I have a place, am still quite pleased to see prices falling, contrary to popular belief. Renting sucks and homes should be more affordable for everyone IMO. + +Edit: Thank you for the awards! :) +I purchased a handbag 5 years ago for $80. Now the leather is peeling and looks worn out, so I decided to use black paint from home and painted my bag black - looks brand new. Why waste money buying a new bag when I can just paint it and it looks brand new haha. Do you know any tightasses out there? What did they do to save money that shocked you? +[https://www.reddit.com/r/wallstreetbets/comments/dsb0mz/robinhood_has_inbred_and_made_the_ultimate_autist/?utm_source=share&utm_medium=ios_app&utm_name=iossmf](https://www.reddit.com/r/wallstreetbets/comments/dsb0mz/robinhood_has_inbred_and_made_the_ultimate_autist/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I wonder when this becomes a systemic risk or when the SEC wakes up +Someone posted a question asking how to ensure they get the best product. + +It got me thinking about the most satisfying products and experiences I've consumed in my life. Thought I'd share mine and ask others to share as well. These have brought me true joy. 💕 Adding dates where I remember - because quality can deteriorate over time. + +Concierge level at JW Marriott Mumbai (2011) + +LAN Club Beijing, by Phillippe Starck (2012) + +Virgin Atlantic Clubhouse Heathrow (2013) + +Nigiri at Tsukiji Fish Market (2014) + +St. Regis Bal Harbour Resort + +Model S with AutoPilot (2016) + +Sapiens: A Brief History of Humankind + +Disneyland - through my kids' eyes + +Vipassana Meditation classes + + + + +Edit: love all of the contributions, thanks for sharing so generously. It's amazing to see the wide range of things that bring you all joy. +👶👶👶 MEGABaby in short: PLAY TO EARN ecosystem powered by MEGAtoken / LOW MARKET CAP GEM/ DOXXED, SOLID AND DELIVERING TEAM/ REVOLUTIONARY UTILITY AND TOKENOMICS/ MASS ADOPTION IN THE NEAREST FUTURE/ JOIN DAILY VIDEO CHAT IN TG AND LEARN FOR YOURSELF + +Don't miss out if you like earning money! + +First-generation of INTERACTIVE NFTS sold out under 24H. 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Each evolution stage will have a percentage chance to make YOUR MegaBaby rarer and rarer creating one-of-a-kind collectible - sellable or trade-able on our own Interactive Marketplace. The ability to frequently care for, accessorize and upgrade your little E-Human is what makes this token the purchase of the year. Just imagine this - while having fun caring for it - you can watch your MegaBaby grow alongside your investment - now that’s what I call ABSOLUTELY PRICELESS! I’m pretty sure many of us 80s and 90s babies remember Tamagotchi and how revolutionary that was, there is every reason to believe that MegaBaby will be the next huge hyper trend. + +&#x200B; + +You might think...well that’s great, that’s amazing what else could there be to completely blow us out of our seats? + +The genius Lead Developer is not limiting this to the INFTs, the INFT Marketplace, and MegaFan Merch Store. Although they are all currently available NOW, he's also creating a fully functional ecosystem with features that include a MegaWallet, a Staking Platform, and other inflationary, passive income generating methods. To knock it out of the park there will be a deployment of a mainnet for the central platform - all to be steadily rolled out in the next few months. + +Now I can imagine you jumping up and down thinking how do I purchase this groundbreaking token and receive my Megababy INFT? Well, you can purchase it by simply having MegaTokens in your wallet. + +In today's space, we see 100s of meme tokens being released daily and more often than not they are either scams or have a maximum 1-day lifespan. MegaBaby is here to stay and aims to be the next absolutely game-changing revolution in Crypto. + +Through YouTube videos, his mission has been to clean up the space and educate fellow investors on how to recognize potential scams. 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With the culmination of a career in blockchain development, he has been working endlessly to present his masterpiece — the true work created by a recognized sheer genius. + +&#x200B; + +Telegram: @ MegaBabyINFT + +Twitter: @ MegaBabyINFT + +Facebook: [https://www.facebook.com/MegaBabyINFT-105196465228874](https://www.facebook.com/MegaBabyINFT-105196465228874) + +&#x200B; + +💰 MegaTokenomics 💰 + +&#x200B; + +🔋 4% Liquidity + +&#x200B; + +💵 3% Reflections + +&#x200B; + +📢 3% Marketing / Development + +💻 2% Staking contracts + +💰 MegaBaby INFT Tokenomics 💰 + +&#x200B; + +🔋 5% to Holders + +🔥 45% Burned + +💻 50% Marketing / Development + +&#x200B; + +🚫 Buy/Sell Tax is 12% + +&#x200B; + +👉 Fully doxxed on Telegram video chat + +⚡️ Roadmap⚡️ + +👉 First Interactive NFT (INFT) - Completed + +👉 Next Generation DEFI with the first fully interactive E-Pets +Sitting on the plane yesterday, I was reading over some of the work a friend of mine produced on naked short selling, and it occurred to me that this info belongs in a venue where the public can access it. So I broke my commitment to take a few days off, away from computers, to post this - and then I will really stay offline... + +By way of introduction, let me say that there are authorities, and then there are authorities. The gentleman in question is a true expert on the topic, partly because he’s been studying the issue for about 25 years – his comments to the SEC on Reg SHO have taken on near mythical status, as they so clearly warned of the abuse that would come should the SEC not implement the safeguards he’d advocated. His name is likely familiar to many who have closely followed this topic – Dr. Jim DeCosta. + +The challenge in presenting the true state of the union is to provide data, supported by research, in bite-sized morsels that people can digest. I feel that his work is among the most comprehensive I’ve seen on the subject, so I leaned on him to allow me to publish a small sampling of his material. His premise has always been that the solution to the entire NSS mess lies in educating the investing public, the regulators, the Judiciary, and anybody else with a vested interest in the clearance and settlement system. + +He’s written 2-1/2 unpublished books on naked short selling, which contain more data than any other work on the subject I’ve seen. In Chapter 42 he delineates some of what he calls “Not so bullet points”. He lists 40 of them, but I’m only going to publish the first dozen for now, as there is a lot of information to assimilate. + +So without further ado, the first of Dr. Jim’s bullet points: + +------------------------------------- + + + +“I want to end this Chapter 42 with 40 “Not so bullet points” in regards to DTCC behavior in general. Many of these were revealed in the above analysis of the DTCC’s “Self-interview” and others were covered in previous chapters. My goal here is to get all readers on the same wavelength and build a foundation from which we can tackle the concepts in the last 28 chapters of this book and then move onto Book #3. + +40 NOT SO BULLET POINTS IN RE: NAKED SHORT SELLING + +1) Legitimate and illegitimate electronic book entries at the DTCC: Every trade involving a failed delivery that is allowed to “clear”, or more accurately, is bailed out, by a DTCC Stock Borrow Program (SBP) pseudo-borrow (a) results in a “Counterfeit Electronic Book-Entry” (“CEBE”) – an electronic book-entry held at the DTCC without corresponding paper-certificated shares held in a DTCC vault, or anywhere else, to justify their existence. (a) “Pseudo-borrow” is defined as an illegitimate borrow made from a self-replenishing anonymous pool especially one whose contents are admittedly not monitored. + +Why are these pseudo-borrows illegitimate? Because the admittedly unmonitored contents (or “pseudo-shares” theoretically “borrowed” from the SBP lending pool to cure the failed delivery), are allowed to be replaced right back into the same pool of lendable shares by the new purchaser’s broker/dealer, as if they never left in the first place. (Chapter 4) Even if all of the “Shares” residing in the lending pool at a given time were legally there, i.e. a margin agreement was signed approving their being loaned or hypothecated, this policy would still be insane. + +The DTCC tells us that 20% of all failed deliveries at the DTCC are dealt with via the SBP’s creation of these CEBEs. This violates Section 17A of the ’34 Act, as Section 17 A only allowed the DTCC to convert 100 million “Acme” paper-certificated shares held in their vault [and under their legal custody] into 100 million Acme electronic book-entry “Shares” in their “book-entry” system. The reasoning for moving from paper to electronic book-entries was that electronic book-entries are much more efficient to process - especially important in the midst of the 1969 “paperwork crisis” that drove the move to automation. + +The CEBEs created by the SBP are above and beyond what Section 17 A permitted. NASD Rule 11830 later expanded the one-for-one ratio of paper-to-electronic shares, and effectively allowed there to be 100.5 million Acme shares (0.5% above the number of shares outstanding) held in electronic book-entry format, before buy-ins of the overage of delivery failures was mandated. Rule 11830 provided the critical “metric” in regards to the number of “Unaddressed delivery failures” (the size of the naked short position at the DTCC) above which action was mandated, to halt the incredibly obvious dilutional damage incurred by an issuer, and the investors therein. + +2) CEBEs. CEBEs cause artificial dilution because they represent readily sellable share facsimiles, without any rights attached - misrepresented (a) on an investor’s monthly brokerage statement as being genuine “Shares” (with an attached package of rights). They are readily sellable facsimiles by necessity, because there is no way a DTCC participating b/d could refuse to take a sell order, or refuse to provide voting privileges, for something that it has implied to its client as being genuine “Shares held long” on their behalf (as per the fiduciary duty of care owed as an agent/broker, to its client that paid it a commission). + +Recall from earlier chapters how the perceived value of each of the (dozen or so) component rights which make up a genuine “Share” are what gives a “Share” its value. The components of the rights package are the “Share.” As an example, the dividend “Right” attached to a corporation paying a generous annual dividend, would have a commensurately larger perceived value ascribed to that particular right. Paper certificates and electronic book entries are mere formats to account for “Share” ownership; they’re not the “Share” – and formats have no intrinsic value – it’s the package of rights that has the value. + +(a) (Misrepresentation: A false representation of a matter of fact that should have been disclosed, which deceives another so that he/she acts upon it to his/her injury) + +3) Unaddressed CEBEs kill corporations, via massive dilution, if they are not constantly and rigorously monitored for their quantity, age, and the legitimacy of the failed delivery that procreated them. In naked short selling (NSS), the mere method of placing the bet against a corporation increases the odds of winning the bet, because of the dilutional damage done with each negative bet placed that didn’t involve a legitimate “borrow”. Note that even legal short selling done as sloppily as it is done on Wall Street via “iffy locates” (as the SEC calls them), causes artificial dilution - but legal short selling has a built-in “Governor”: there are only a finite number of legitimate shares legally-loanable. NSS has no such “Governor”, and there’s no limit to the damage that can be inflicted upon an issuer. As mentioned before, “pricing efficiency” mandates that all short sales or “negative votes” against a corporation be counted - but only if they are preceded by a legitimate “borrow”. + +This lack of a “Governor” creates the self-fulfilling prophecy aspect of NSS; just keep selling nonexistent shares until the company goes down. It’s analogous to ballot box stuffing. The mindset of the abusive DTCC participants and their co-conspirators becomes, “don't worry nobody's watching and you'll never be bought in, because the DTCC can be 100% counted on to pretend to be “powerless” in collecting the IOUs owed directly to them as the loan intermediary in the SBP “pseudo-borrow” process. + +4) The only modality available to address archaic, excessive or illegitimate CEBEs is an open market "buy-in" - except for the extremely rare “negotiated settlement” with the victimized issuer. + +5) Buy-ins force the seller of the nonexistent shares (who has refused to deliver them in a timely manner), to open his wallet, grab the investor’s money that he acquired under false pretenses as the share price “tanked,” and spend this money on purchasing the shares that he has already sold, but refuses to repurchase and deliver even after inordinate amounts of time. (See Dr. Boni’s research) + +Recall the 2 parameters from earlier chapters that help address any intent to defraud issues – the length of time of this “refusal”, as well as whether or not the price has been declining during the “refusal” period. An abusive MM that refuses to cover even when the share price is tanking is, by definition, not acting in a bonafide market making capacity, and thus isn’t deserving of the pre-short-sale borrowing exemption accorded to “bonafide” MM’s only, and only while acting in that capacity. Recall that a true, bonafide MM deploys the proceeds from naked short sales at higher levels to post bids at lower levels, in order to flatten out the position and stabilize the markets. As we’ve seen time and time again, abusive market makers with these “stabilizing bids” are nowhere to be found as the share price of a victimized issuer drops - in fact, they’re still selling aggressively. If you know that you’re not going to be caught or prosecuted, why would an abusive DTCC participant decrease the size of the pile of booty taken from naïve investors by covering his naked short position? Why not increase the size of this plunder more yet? Decisions, decisions, increase or decrease the stack of stolen money sitting in front of one. + +Recall the “triple whammy” from earlier chapters that occurs if an abusive DTCC participant did choose to cover. First of all, if you’ve been the only seller for a couple years, the mere action of stopping the selling will cause the share price to gap upwards, as it has been actively forced downwards in the past. Secondly, this increase in share price from the cessation of active selling will increase the collateralization requirements for the naked short position still on the books. Thirdly, if the abuser not only stops selling but actually starts buying then the share price will have am even greater tendency to gap upwards, which will exacerbate the collateralization requirements, as well as the price needing to be paid for future covering. In other words, THEY CAN’T COVER, and the SEC knew this when they grandfathered in all preexisting delivery failures as part of Reg SHO. + +The mandated buy-in approach is extremely efficient because it results in the bill for the buy-in landing in the lap of the fraudster doing the naked short selling, no matter how many layers of “dummy, straw, or nominee” corporations he is acting through (usually in various offshore havens with various banking secrecy laws, that are inexplicably allowed to interface with the DTCC – Canada included). None of the intermediaries in these transactions are going to bail out those that actually placed the order. The clearing firms holding these NSS positions in their “DTCC participant” securities accounts have been well-collateralized, due to the theoretically ultra-high risk nature of the naked short selling of penny stocks -so there is money sitting there ready to be deployed. + +6) The very obvious buy-in solution is violently fought by the DTCC, as well as the SEC, as witnessed in the research results of Evans, Geczy, Musto and Reed (2003), showing that only one-eighth of 1% of Rule 11830 mandated buy-ins are ever effected. Why? In the case of the DTCC, it’s because their abusive market maker participants/owners, aware of how easy it is to steal a naïve investor’s money, are net naked short almost all of the development-stage corporations they make a market in. They know how tipped the playing field is and how these OTC markets are essentially rigged in favor of the DTCC participants owing a fiduciary duty of care to their clients - the investors whose money they are rerouting into their own wallets. They wouldn't be caught net long a development-stage micro cap corporation to save their lives. They may or may not know all of the intricacies of naked short selling, but they all know enough to work from a net short position. The reason why the SEC adamantly opposes buy-ins is a little more problematic, and the subject of a variety of theories held by various securities scholars. We’ll review them in future chapters. + +A truly bonafide MM will hover near net neutral positions, sometimes net long, sometimes net short. He doesn’t get painted into a corner with a massive naked short position that forces him into criminal behavior to avoid financial catastrophes. He’s happy with living off “the spread”. Unfortunately for most MMs, these spreads became razor-thin after decimalization was instituted 5 years ago. Unlike an abusive MM that’s sitting on an astronomic naked short position in need of constant collateralization, the bonafide MM is not afraid to let a market with an imbalance of buy orders over sell orders advance in price until it reaches its own equilibrium level. The bonafide MM would naturally rather NSS shares at higher levels than at lower levels. The truly bonafide MM doesn’t dictate share price – rather, he buffers the wild swings in share price, and injects much needed liquidity into the markets of thinly-traded securities, and provides “pricing efficiency”, as noted in Chapter 18. The abusive MM, however, does not have the “luxury” of allowing prices to advance in buy order-dominated markets, as the cost to collateralize large naked short positions in advancing share price environments makes it cost-prohibitive. Abusive MMs are often forced to put a blanket of naked short sales over markets where they “accidentally” ran up a huge naked short position, but where buy orders keep coming in. You’ll recognize this scenario when you see victimized issuers mysteriously trading their entire float of shares every 3 or 4 days with the market going absolutely nowhere. Does anybody really think that all of these issuer’s shareholders got up one morning and simultaneously decided to sell all of their shares? Unfortunately for U.S. citizens, this buy order-dominated scenario often occurs in promising development-stage corporations with a wonderful prognosis for success, that now have to be snuffed out, lest abusive DTCC participants take a huge financial hit. + +Many NSS proponents are of the mindset that all U.S. development-stage companies that advance in share price are by default “scams” in the midst of a “pump and dump” form of securities fraud. The irony of the SEC’s historical lack of success in stamping out “pump and dumps” is that they inadvertently welcomed an “irrefutable” form of fraud involving the blatant theft of money from naïve investors (NSS), in order to address a “suspected” form of fraud which gave rise to the “vigilante” type of naked short seller. + +7) At the DTCC, the deterrence value of untimely buy-ins (which provides the “natural” deterrent to NSS abuses) has been surgically removed by DTCC policies, making the risk/reward ratio of this form of securities fraud incredibly low. The consistent refusal of the DTCC to buy-in the IOUs owed directly to them as the “loan intermediary” in the SBP’s pseudo borrowing process, is one of the two main factors that creates an invitation for fraudsters to pile on naked short sales on already brutalized victim companies. This refusal to buy-in is one of the most important pillars supporting that which many securities scholars refer to as “DTCC sponsored NSS” – namely the 100% certainty the fraudsters have that the DTCC will refuse to call in their own IOUs (while acting as the “loan intermediary” of the SBP) because of their claim of being “powerless” to do so. + +An equally important pillar supporting NSS “DTCC style” involves the ability to count on the DTCC to claim to be equally “powerless” in monitoring and buying-in the failed deliveries of their participants/owners held in an “ex-clearing” format. The claim here is that these non-CNS delivery “arrangements” (I love that term “arrangements”!) associated with failed deliveries represent “contracts” between the DTCC’s participants/owners, and that the DTCC does not monitor “contract” law – only “securities” laws. This, despite the fact that they volunteer to process the cash part of these naked short sales (leading to failed deliveries), and still “clear” these trades and issue “securities orders” to allow these “non-CNS delivery arrangements”. This de facto serves to artificially delay settlement, as expressly forbidden by 15c6-1 of the ’34 act. + +8) NASD Rule 11830 defines the threshold for the number of CEBEs (above which mandated buy-ins are necessary) as 10,000 shares AND 0.5% of the number of shares legally issued. Any CEBEs exceeding this level indicates that abusive dematerialization (as reviewed in Chapter 3) is occurring. This level is where the alarm bells should create a deafening noise but unfortunately for investors the wire to that alarm bell was effectively short-circuited by several of the rules and regulations of the DTCC and NSCC. + +9) The conventional metric for determining the age of CEBEs (above which buy-ins should occur) would naturally correspond to the spirit of Addendum C to the rules and regulations of the NSCC, which created the SBP for deliveries that for legitimate reasons couldn’t quite be delivered by settlement day. The authors of Addendum C were well aware that it was critical to keep the lifespan of the CEBE extremely short. The assumption was that the DTCC would rigorously monitor the age, quantity, and legitimacy of these representations of shares, as they were clearly capable of causing massive damage via artificial dilution. + +From a statistical point of view, the question that begs to be asked is: Is it a coincidence that the DTCC management: 1) allows its participants/owners to naked short sell with abandon, 2) refuses to monitor the age, quantity and legitimacy of the resultant failed deliveries, 3) refuses to call in its own IOUs resulting from its participants’ abuse of the SBP (because of its self-imposed “powerlessness” to do so), 4) refuses to monitor its participants’ failed deliveries in the ex-clearing netherworld (because of their theoretical “contractual” nature), despite the DTCC being an SRO in charge of “regulating the conduct and business practices of its members” as well as 17 A’s mandate to “promptly and accurately “settle” all transactions, and 5) goes well out of its way to remove the one natural deterrent to naked short selling abuse - the open-market buy-in? A second question begging to be asked is: when does a long litany of coincidences fail to plausibly remain a coincidence? + +Remember, the DTCC is its owners. It's not some independent 3rd party, off to the side. There are 2 parties in the investment arena: the investors, and the DTCC-participating “Wall Street professionals” - with a vastly superior “KAV” factor (Knowledge of, Access to and Visibility of the clearance and settlement system). The DTCC portends to be playing an intermediary role between the buying and selling parties, while acting in the capacity of a “contra-party” to all trades, and the “loan intermediary” in the SBP pseudo-borrow process. But, as mentioned in earlier chapters, you can’t play a legally defensible “intermediary” role when you ARE one of the two parties being “intermediated”. + +10) The methodology of monitoring for the legitimacy of failed deliveries was probably assumed by Congress and the SEC to involve the DTCC’s monitoring of their participating market makers’ usage of the bona-fide market maker exemption, and detection of any suspicious trading patterns and failed delivery patterns. These patterns jump out at you when access to this data is attained, and yet no matter how often an abusive clearing firm fails delivery of shares of a given issuer, all further delivery failures of this issuer’s shares by the abusive clearing firm are still assumed to be “legitimate”, as if by default. Recall the Compudyne case cited earlier, involving nearly a thousand consecutive trades failing delivery, without a single alarm bell going off. Every regulator and SRO seems to think that the monitoring for bona fide market making activity is the job of a different regulator and SRO - which leaves us with a regulatory vacuum, and the resultant “Industry within an industry” we refer to as naked short selling. + +11) As the DTCC has been recently yelling from the mountaintops, the SEC did indeed authorize the SBP in 1981 to address legitimate failed deliveries – provided that the reason for the delay was of a legitimate nature (and there are indeed “legitimate” reasons for short-term delays in delivery). The assumption was that the DTCC would create checks and balances to monitor for abuses of this ultra-risky gamble (which allowed for the deliberate creation of a minute amount of “counterfeit” share “replicas” in an effort to enhance efficiencies in the clearing process). We have already identified over a dozen of these theoretical “quests for enhanced efficiencies” that have been abused by some DTCC participants to gain leverage over the investors they owe a fiduciary duty of care to, so it is questionable if that assumption was a reasonable one. Be that as it may, the other assumption was that the participants of the DTCC would act in good faith with this gigantic new responsibility (and incredibly large temptation to leverage their “KAV” factor and steal from investors). As it turns out there is way too much money “in play” on Wall Street to assume that those with an inherent advantage won’t leverage it. + +12) Dr. Leslie Boni, while working as a visiting economic scholar for the SEC, was given access to the DTCC records. This was heretofore unheard of, except for perhaps the New York Supreme Court’s granting of discovery into the DTCC trading records to the CEO of Eagletech, in their NSS case. + +Professor Boni found two distinct sub-types of delivery failures whose “median” ( half younger than and half older than) age was about 13 days. Half of delivery failures averaged about 6-7 days, assuming a bell-shaped curve distribution, and were of the type that the SBP was created to address. The older half of delivery failures, however, averaged approximately 106 days, again based upon a bell-shaped curve distribution. The overall average, or “mean” age of delivery failures, was 6 days plus 106 days divided by 2, equaling 56 days as opposed to T+3. These findings were obviously not consistent with the intentions of the SBP, as promulgated by Addendum C. Some DTCC participants had obviously chosen to not act in good faith, but rather to leverage their superior knowledge, access and visibility and abuse the SBP for their own monetary gain. They learned that nobody at the DTCC was rigorously monitoring for the age, quantity, or legitimacy of these failed deliveries, and that they could sell nonexistent shares all day long, and actually get access to the unknowing investors’ money. All they had to do was let the SBP allow these trades to “clear” via a pseudo-borrow, from what turns out to be a self-replenishing lending pool, whose contents are also admittedly not being monitored (see the @dtcc self-interview where the DTCC admits that they have placed their participants on the honor system in regards to what they place into the lending pool). Once this bogus trade cleared, then all the fraudsters had to do was to collateralize this debt on a daily marked-to-market basis. The precipitous fall in share price resulting from all of this artificial dilution involving “Share facsimiles” led to an unconscionable result - the investor’s money actually falls into the lap of the naked short selling fraudsters, despite the fact that they were still refusing to purchase the shares required to cover the short sale after inordinate amounts of time. + +As it turns out, short covering is not necessary to gain access to the defrauded investors’ money. One must only collateralize the ever-diminishing debt, as the share price does its 100% predictable plunge driven by all the artificial dilution being created. Unlike the DTCC and its participants, there are those investors and securities scholars who find this concept disturbing – and one hopes that the Senate Banking Committee and the House Financial Services Committee, the overseers of the SEC, will as well. + +Recall from earlier chapters that the risk of being bought-in was essentially zero, as the DTCC could be counted on to see to that via their policies and procedures. The closest thing to a real buy-in was just another trip to the self-replenishing lending SBP lending pool via the DTCC’s “Procedure X-1” Policy. “ + +#SITE REFERENCE + +https://cmkxunitedforum.proboards.com/thread/13156/02-analysis-nss-jim-decosta + +# LAST EXAMPLES + +A quip to the SEC from Dr. DeCosta. The man is savage: “7) In 3 (ii) (B) withholding the proceeds of the crime for 90 days is like handing a bank robber the proceeds of the heist after a 90 day waiting period. This is a crime being committed. The motive is greed. The shares that were sold for real money don't exist, they never did. There was no intent to ever cover this naked short position. The "intent to defraud" is typically present right from the "get go" as there is usually not an imbalance of buy orders over sell orders at the higher trading levels of these "bear raid" victims.” + +https://www.sec.gov/rules/proposed/s72303/decosta122203.htm + + +EDIT: a few users mentioned that the SBP was discontinued officially in 2014 from the SEC +https://www.sec.gov/rules/sro/nscc/2014/34-71455.pdf + +This makes the GME debacle even worse for all official institutions and it’s participants up and down the chain. They’ve banned the process and continue to blatantly break the law. They’ve gotten so comfortable doing crime in broad daylight it’s why we watch 10-20 point drops on the live charts any given day/week. + +#EDIT 2 +This video is from 12 years ago but it shows what we’ve been up against and proves the SEC won’t act even with the GameStop situation. It shows that we must take matters into our own hands by DRS and potentially even removing the physical stock certificates as the final nuke: + +https://vimeo.com/4520843 + +#EDIT 3: + +Dr. Jim DeCosta has been writing to the SEC for over a decade with all the whistle blowing evidence the SEC needs to act and nothing has happened. In the video link above about NSS(Naked Short Selling) 5000 cases were sent to the SEC and not 1 was acted on. Welcome to a Madmax reality meaning we’re on our own which is what they thought would happen. What they didn’t expect is APES STRONG TOGETHER! + +Here are a lot of Dr. DeCosta’s files: + +https://cmkxunitedforum.proboards.com/board/14/dr-jim-decosta-files + +#WHERE’S THE GAMESTOP REPORT GARY! +I'm quite new to stocks and even newer to the concept of ETFs. I have found dividends to be very interesting and found, for example, LEMB pays monthly dividends of almost $2/share. When I worked out the math, $1mil worth of shares at today's rate would be more than enough to live on the dividend payout every month. Even $200,000 would be perfectly "livable". Am I missing something? To me it seems like a no-brainer but if it was this easy wouldn't everyone do it? Perhaps there are limitations, taxes, etc. I'm not thinking of. Thanks in advance for helping this fool! +For example, tax breaks for foreign investment, flat or progressive taxation (despite the fact that some people think taxation is theft, and I agree to a point, but maybe it's necessary), etc. + +Edit: seems like some people are shadow-banned because it says there are comments but none appear. +Let's face it talking about your salary is one of the biggest taboos in the workplace. But if we want to encourage equal pay its something that we need to do more of as workers. + +I recently had to assist in the salary reviews for my department and I was shocked by the disparity which was in no way linked to performance or responsibility btw. + +It's also interesting to see what other people are earning on Reddit too, some crazy salaries going around (if they can be believed). +Doing my research I can see that stock trading commissions on US brokerages - TD Ameritrade, Robinhood, Schwab are basically $0. There are no annual management fees as well. + +Compare that to the UK where some brokers such as Hargreaves charge you a whopping £12 per transaction AND a 0.5% management fee per year. How can this be? Why is the UK so expensive compared to the US. Oh, and we need to pay for foreign exchange to buy USD..... + +Then, since the UK government banned the sale of US ETFs, we need to buy expensive UCITS ETFs which have a comparably higher management fee..... +Hi everyone, + +Not talking about FTSE100, but on AIM there are many companies which seem very undervalued. Anyone else finding this right now? US stocks get hyped beyond belief, yet many UK companies are profitable, debt free, have good business models, and very very cheap. + +One company in the UK is producing a drug to treat COVID-19, its in phase 2 trials, and if phase 3 is successful will be granted emergency approval for drug use in the US, these results should be in 2021. Its one of only a couple of drugs that have made it to this trial of COVID drugs. Is this talked about on UK news, no... Is it talked about much online, no... The market cap is around £300 million... I swear if this was in the US this would be looking at 5x the current MCap without the hype taking it even higher. + +TLDR: many UK stocks very cheap, moderate risk with very big potential. +Welcome to the Daily 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 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! + +Hi, I'm 18M currently living in Pune, Maharashtra. I currently only have a joint account with my mother in IDBI Bank and want to start a savings account in a bank, which will be linked to my aadhar and PAN card so can use UPI. Can you suggest me some of the best banks both private and government to open my account in. +I walked into my boss’s office today and got shown the door. It was surreal. There is major change happening at megacorp, and I had the opportunity to negotiate my surrender. Over the course of the past 6 months, I had a unique set of circumstances that led to a conversation where I got to give input on the decision. I could either ask for a big job, or get a nice package. I don’t love megacorp, so I asked for the latter. Today, boss-man gave me the news. + +I’m not going to lie, it stung a little. I’ve never been fired before. It has been a really long time since I’ve had to find a job. Despite playing a hand in it all, it isn’t pleasant. All these feelings are in spite of the fact that I was almost certainly going to leave before the end of 2020. + +That said, the positives outweigh the negatives by a wide margin. In thanks for my service, my after tax haul will be $1.5M, bringing our NW to $8.4M. A number of friends and colleagues gave me amazing feedback on skills and traits I’ve spent years actively working to improve. One, asked what I wanted, then suppressed his desire to offer me another job in the company. We left it at “we’ll work together in the future.” I’m lucky to have a working spouse and great prospects. After a little break, I guess I’ll be living the rebranding someone posed recently...”recreationally employed.” +I'm considering chartering a crewed motor yacht for a family vacay - 6 adults, four kids aged 2-7. + +A few questions to those of you who have done it: + +* Is this a stupid idea with smaller kids? The older ones can have a lot of fun just island hoping or on the water (I'd charter something with a seabob or jetski). I'm a bit worried about the safety in terms of the smaller ones. +* At a budget of 30-35k€/wk, can I realistically get a chef on board to cook / do grocery shopping? +* Do you have any recommendations in terms of charter companies or concierges who can help with family-oriented planning? + +Thanks! +I noticed some people here say things like "quant firms hire the best of the best math/physics phds and they compete with each other for the smallest of the smallest edge so people in this sub are probably not making any money" or something like that. + +Sure that may be the case for these firms, who are trying to optimize their algo and increase their profitability **to the most humanly possible extent**. + +Who said retail individual algotraders like you and me needed to go **that far** to be able to be highly profitable in algotrading? That's an all-or-nothing way of thinking that should be thrown into a garbage can. + +My algorithm is fairly simple (but not stupidly simple) and doesn't require anything more than first year statistics and high school math (I realize it may actually be not simple at all for others because "simple" is relative and subjective but my point is it doesn't require advanced math at all). And my bot probably doesn't make as much as these quant firms run by dozens of math/physics PhDs. Doesn't matter. My simple algorithm still makes much more than senior developers in software engineering which was my original field before I switched to trading. And I am still improving my algo, with each breakthrough increasing my profitability. + +Also don't forget--there are some manual traders who use very simple strategies that trade with high returns and high accuracy. + +Advanced PhD level math is only necessary if your algo is extremely complicated and your goal is the absolute, humanly possible maximization of your profitability, because even simple algos can be not just profitable, but highly profitable. If you've failed to be highly profitable in algotrading, that's not because your math skills were lacking; it was because your algo was wrong. + +<edit> + +1. My inbox and chat system are overloaded due to this post. I apologize for not being able to answer all of them. I can only spend so much time on this site. + +2. A number of ppl questioned how much I mean by "highly profitable". "Highly profitable" is subjective and relative, so I use that phrase to mean anything that's reasonably considered "highly profitable" by the average person's standard, so anything equivalent to upper class income or more. Or 80k-150k or more. And yes, my bot makes more than that amount per annum. Also, I do not trade with a capital of 8 figures to make 6 figure annual return. I started with 4 figures and turned that into 6 figures within a year. That's "highly profitable" by most people's standard. + +3. Some people asked me to reveal my specific profit rate, such as CAGR. I will not reveal any specific number on this matter because 1) the exact amount of my profit rate is irrelevant to the point of this post and 2) I don't feel safe sharing that information on a public forum. But if you read my post and/or comments you would realize my algo makes 6 figures. That's the most I can reveal about the profitability of my bot. + +4. I do not deny the fact that having advanced math knowledge gives you an edge in this field, as that would allow you to explore much more diverse and sophisticated ways of algotrading, and be able to do things more quickly than if you lacked high level math. MY POINT IS THAT **ADVANCED MATH** IS NOT ALWAYS A **NECESSARY** COMPONENT IN A **HIGHLY PROFITABLE ALGO**. Not only do I use simple math in my bot, but also do many successful traders (both manual and algorithmic) from around the world. + +</edit> +I'm looking for the best black v-neck t-shirts on the market. I'm tired of the standard Target/Old Navy/Costco/etc. options. I want something that's comfy, form fitting, true black, stays black, collar doesn't stretch out, etc. + +This doesn't seem like a good question for this subreddit because it's not FIRE related, but it is luxury related and I don't know who else to ask. Can you guys point me in the right direction? +Okay, probably a weak title for this, but I was wondering how people typically handle this situation. I am self employed and my wife is a stay at home mom, for the most part of 12 years now. She recently looked at her social security retirement planner and saw almost nothing for income. She wants me to report half of what I make to her income for social security so she will have more when retirement comes. + +As far as I understand, when you retire, both gets what they are entitled to, but if one dies, the surviving spouse gets the greater of the 2, which would be mine. My concern is if I give her half of what I earn, my social security will be less and hers will be more. If I died first, it would just mean she would have a smaller social security income. + +I have run this through my head 100 times and the only reason I see to request this is if she was planning on leaving me one day. +Hi Fatfire, + +I probably have a certain bias here because we're in the process of building a house, but it seems like every time we engage with vendors/services, people try to gold plate, overcharge, or even take advantage of us when we're buying things. + +This is everything from vacationing in nice places, getting landscaping quotes, interior design quotes, home automation, etc. I don't want to short change the vendors, but I don't want to overpay, so I'll do research and negotiate down or choose alternate vendors. + +This ends up being a lot of work researching, comparing, getting extra quotes etc. Have folks found a way to make this easier? Do you just accept you will be overcharged for things and and deal with less hassle of just getting things done? Or does this just come with the territory of buying more things in a VHCOL area? +Last year, my husband decided to go back to school, thus losing about half our income. I called our internet company because I knew we were at a lowered rated and was hoping to keep it. The normal rate is $75 a month, we were paying $30 but it was set to expire that month. When we called we said we were thinking of moving to a different company and wanted to know if they could match or give us a lower rate. They agreed to keep our discount for another 12 months. That was last year and since my husband is still in school, we really were hoping to keep it. We made the call again and they agreed to keep it at $30 a month for another 12 months. + + +Bills like this are "negotiable." Call and find out what they can do for you! + + +edit: yep, math was way off. actually saved around $540. Also, I know the post title sounds like Geico commercial. +Still a rookie in investing, just started last summer. I got 10K to invest in ETFs. I am going to need the money for a property down payement in 3-4 years. What medium risk ETFs do you recommend? +I know some of you don't fully understand nft's but run with me here: Each time an nft gets sold from my game on a secondary market, 4% of the price is taken by the market, and 5% comes back to my company. We're not even in the top 30 games on our blockchain and still average $7,000 per month in our secondary market fees. Some of the big players get $2 mil + per year on wax, and wax has tiny games compared to multi billion (yes, with a b) valued nft games like Illuvium, Star Atlas, or Axie Infinity (and many others). Imagine how much the market is taking as their fee here, and it's almost all profit for them. + +Now, I've heard a lot of talk of memes as nft's, and I hope it works out for you guys, but currently gaming is my focus. Nft marketplaces are generally split by chain... If a big player came along and unified the audience as THE safe place to buy gaming nft's on any chain, it'd be a market shifting move. It'd also be a fortune maker. With names like atomic hub, open sea, simple market and many others, how do you know who you can trust at the moment? It's just Google and hope. If only there was a games company with worldwide brand recognition moving into the nft marketplace... + +So as soon as the submission form opened, I signed my company up for their marketplace - because if I make nft games and they have an nft marketplace, I'd be crazy to not want to be part of it. I won't be the only established company doing it either. It's mainstream adaptation, and the company who achieves that first is going to the moon. +I've worked in hospitality since I was 17, doing cafe work to high-end functions, management etc in all different cities. + +I've always been employed full-time because I prefer the stability even though the pay is significantly less. + +Reading everyone's incomes has definitely made me feel more poor than what I am.. + +My last job before I went on Maternity Leave was for $20.41 an hour. I requested a pay rise due to my role was worth more than what I was being paid - and it was declined. + +I have saved enough to live without income for another 4 months (I have already had no income for 3 months after paid maternity leave has run out) + +However I need to re evaluate what to do with my life, as I simply cannot contribute within my relationship as much as I would like with such a low income. + +I don't entirely know the point of my post... but it has been weighing on my mind a lot.. and I feel stuck. + +I have tried studying, however, I simply do not have the brains. + +Unfortunately hospitality will be the road for me.. is there a way of making more money apart from stocks and investments etc? + + +*** Thank you all so much for all your suggestions, kind words and wisdom. I am truly blown away with the support and suggestions I have received. I have spent a good chunk of the afternoon weighing up my options and have started the processes of changing jobs. You're all absolute legends 🙏**** + +UPDATE - + +I have fixed up my resume and have landed two interviews already. Both for DSW work, which is something I have always wanted to do. + +Your comments have given me the push and encouragement I didnt realise that I needed, while building up my confidence. + +I could never thank you all enough. + +Sorry I haven't replied to all of you , however I see you and appreciate the help. + +Thank you all 💜 +I (25F) got a $4/hr pay increase over 6 months. I am up to $22/hr now. I did some rough calculations (my paydays x4, plus $225 insurance bonus). I'm only up $200 monthly than I was before those $4. Now I only make $1k more for yearly salary which is $33k. Is this some sick joke? + +My company is forcing everyone to put up to 10% of their salary into their retirement (25% match). And next year I will have to get my own health insurance. I won't see any of that increase. + +But in my paystub, it looks like I am projected to make $10k more yearly ($55k from $43k). Am I missing something here? Where is that money going? + +EDIT: I will post my paystubs (before and after) once I get home, I don't have them with me at work. + +I think the $43k-$55k yearly is before taxes. I work 40hrs a week with a couple hours overtime each week. The $200 increase per month is only from $2/hr. I looked at my finances after the first $2/hr raise in January this year. So essentially double that for $4/hr as of end of July. + +The 10% retirement contribution has not fully kicked in for me yet. I am contributing $64/w currently. Every year they will bump up the percentage by 2% until I max at 10% + +Sorry I don't have much time to answer replies at work on my breaks. I hope this clarifies some things. +A classic example would be self driving cars. People talk about how the advancement of self driving cars will eventually put all truck drivers out of work. Which of course would be a negative thing for the drivers, at least in the short term. But wouldn’t the reduced cost of transporting things benefit everyone. Shouldn’t most goods that require shipping become slightly cheaper? + +An economy, to me, is where you produce goods or services for society. And in exchange, you get to receive back other goods or services equal in value to what you put in. So it seems like any time we can get a machine to produce goods/services, it would completely beneficial to society. Since the machine doesn’t take anything out, it only puts in to the economy. + +I’m not an economics major or anything, just wanted to see what is right/wrong with my thinking. +Investors wondering whether Warren Buffett thinks that Berkshire Hathaway stock has been undervalued, now have their answer. He does. + +Berkshire Hathaway dramatically increased its share buybacks in the third quarter. + +Approximately $9 billion was used to repurchase Berkshire shares during the third quarter, as compared to $5.1 billion in buybacks in the second quarter. This brings the nine month total share repurchases to approximately $16 billion. + +The average share price Berkshire paid was: $188 for $2.5 billion in July, $210 for $3.1 billion in August, and $215.8 for $3.6 billion in September. + +[https://mazorsedge.com/berkshire-hathaway-accelerates-share-buybacks/](https://mazorsedge.com/berkshire-hathaway-accelerates-share-buybacks/) +Total of $1.038 billion + +https://berkshirehathaway.com/qtrly/3rdqtr22.pdf#page46 + +Only A shares were repurchased, so it appears that Warren now wants to reduce the overall shareholder vote total. +Please correct me if I am wrong and I am more than open to your advises. Maybe, you can enlighten nowadays' Economics students. Will try to less arrogant: + +I chose the major with the mindset that Economics is an interdisciplinary field and in the crossroad of Business and Technology. However, being sophomore undergraduate, I am somehow losing interest as I gradually feel that Economics teaches me the world as it is and kinda does not offer me tools to build something ( sounds egoistic i know but, I like to build, lead things). Building, creativity involving courses such as Microeconomics (Intermediate) fascinates me though. But courses such as Macroeconomics and Money, Banking& Financial Markets are so-so for me ( feel like retired grandpas watching economy news when I read them). once I& my friends thought about implementing startup idea, felt like useless major student and think that even Finance majors would be more useful in this case. When my uncle& dad suggest me to do research on some Economics topics (such as how can we improve our small nation in the Caucasus economically), felt like "what good will it offer me then?". I guess I kinda fond of science entrepreneurship. Fyi, I hear advises like thinking about ML, Data Science and Analytics. What is your perspective? +Denver city council has struck again. Renters and landlords were both against this but they just passed it anyway. Unbelievable, cities just want more and more money and more and more control. + +Also, just think that this is being added while there have been ongoing eviction moratoriums.... + +https://www.denverpost.com/2021/05/03/denver-landlords-rentals-long-term-license-new-law/ +They've done it successfully on two subs already and it has worked to perfection. We are the 3rd sub that was a spinoff from the original WSB phenomenon. They successfully infiltrated that sub and divided it to GME then successfully divided that into superstonk and..... + +IT DAMN NEAR WORKED AGAIN... You tried SHF, but failed... + +Be proud that this mod team and community quickly sniffed this out, corrected any misinformation, and we are now already back on track instead of making a new sub... WHICH IS EXACTLY WHAT WAS JUST ATTEMPTED. + +BUY, HODL, & BE EXCELLENT! + +that's our new motto. + +&#x200B; + +EDIT: AWWWW SHIT.... It's the all seeing eye... DFV if that's you, just know I can't wait to see everything you do after this. I will tell stories of your legend to all who will listen... you will forever be a part of history... Seriously. DeepFuckingLove ... If not, whoever you are... still deepfuckinglove. +I am soon to be 20k deep in repairs on this damn multi family I bought less than a year ago. + +- Soon to be all new roof (was told it was in first third of life) +- New washer dryer +- Partial Bathroom Reno(exploded pipe) +- Sump pump fix +- Some masonry work + +My tenant just texted me about water coming from the ceiling. I am at wits end with the never ending bullshit. I feel like I bought a lemon. +**TLDR** + +As of the last available Retail Liquidity Program report, GME data is no longer showing up in the Tape A data at all, when it previously was available. + +*Please see Edit 2.* + +**TLDR DONE** + +The NYSE runs a program called the retail liquidity program (RLP), which marks orders as originating from retail (i.e. effectively just brokers clearly marking the prey for high frequency traders even though it’s a program that is supposed to “help” retail). + +If you’d like to know more about how the program works and who is involved, [please review my previous post from 5-6 months ago](https://www.reddit.com/r/Superstonk/comments/ofwnfd/citadels_connection_to_retail_orders_and_retail/). While it cannot be 100% confirmed without the NYSE or an insider declaring it, it is highly likely that Citadel operates as the main Retail Liquidity Provider for GME, as they are the designated market maker for GME as well. + +I archived data from the link found on [https://www.nyse.com/markets/liquidity-programs](https://www.nyse.com/markets/liquidity-programs) that’s called *NYSE RLP Performance Statistics* (it’s a downloadable Excel sheet on that page) for the dates. + +You can view the archive at [https://web.archive.org/web/2021*/https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx](https://web.archive.org/web/2021*/https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx) for the following dates. + +* May 7 +* Jun 17, 22 28 +* Jul 8, 12, 20, 26 +* Aug 3, 7, 16 + +I also downloaded the sheets going back to April 26th to 30th, for nearly every week through July 6 to 9th (nice!). I did this each week as they were released. + +* April 26-30 +* May 17 to 21 +* May 24 to 28 +* June 7 to 11 +* June 11 to 14 +* June 21 to 25 +* June 28 to July 2 +* July 6 to July 9 + +But after realizing I was very pleased with my investment in GME, I stopped collecting the data each week, though I wish I wouldn’t have as there is no way to go back to get it (the NYSE doesn’t publish this information in aggregate anywhere that I could find). Even though I remain pleased with my investment, I thought I would look again today and I noticed something interesting. + +**GME shows up on Tape A on the Excel sheets for ALL of these dates above. Oddly though, in the most recent download of the Excel Sheet (for December 20 to 23), GME is NOT included on Tape A at all.** You are telling me that one of the most highly traded and talked about stocks in the world for the past year simply dropped off the face of the Earth in the week before Christmas for retail? Like, not a single fucking order traded in the RLP? Not very likely in my opinion. So let’s discuss. + +Either NO SHARES OF GME were processed through the Retail Liquidity Program in the week before Christmas OR the data was removed. I look through all of the sheets I could access and found GME included on Tape A in every single one until this most recent one. + +**Why is the NYSE removing the data NOW for GME?** + +My guesses? Here are a few possibilities. + +* Retail just packed up their bag and went home this week, nobody traded GME. +* It is simply a glitch. +* Maybe someone forgot to type it in this time /s. +* GME started publishing their Direct Registration Numbers on December 8th. +* Somehow, all of the GME orders by retail this week were internalized. +* None of the brokers marked any of the orders from retail as originating from retail. +* The data was just wrong and of no use to anyone for GME specifically. + +**Which one do you think is likely?** + +I think the direct registration numbers published in the most recent Q3 report have something to do with it. + +Using the data from the RLP program, you could make reasonably good (though they would be low) estimates of how many shares retail is purchasing each week, (and then a portion of these) would then be DRS’d. **A nice direct (but LOW) estimate of how tight the noose is getting and if the NYSE is removing transparency around this program that is bullish as fuck (to me).** + +Additionally, I believe that orders for purchasing directly from Computershare for Retail are done in aggregate, so they wouldn’t show up in this program. + +Since the Retail Liquidity Program was publishing how many shares of retail orders in GME were processed each week, it would provide a look (low estimate) at how many shares RETAIL ONLY has traded each week within the program. **I don’t think it’s a stretch to say that they are simply trying to hide the data for GME as obfuscation of the data and secrecy are the hedgies primary goals, and it is in the NYSE’s financial interests to keep their volume flowing if you will.** + +I guess we will see when the next sheet comes out (also if you have access to any of the previous Excel sheets that do NOT show GME, I would love to hear about it in the comments) to see if this is just a blip or if GME isn’t included again. + +**For my part, I can’t wait until more mainstream IEX adoption/use and blockchain technology wipes these corrupt exchanges (the ones that screw retail with high frequency trading scalpers) off the face of the earth forever.** + +Edit: Fixed a typo. + +Edit 2: While my original intent was to publicly log this discrepancy (as it appeared to be a questionable deviation from previous information AND it's just hard to believe that no orders went through the Retail Liquidity Program on the NYSE), this post exploded more than I would have ever imagined after I walked away from Reddit yesterday. I checked this morning and want to point folks towards this comment ([https://www.reddit.com/r/Superstonk/comments/rtszwa/looks_like_the_nyse_removed_some_gme_data/hqwqrck/](https://www.reddit.com/r/Superstonk/comments/rtszwa/looks_like_the_nyse_removed_some_gme_data/hqwqrck/)) as I would defer to u/MarketMicrostructure's considerable expertise on the exact mechanics here and his incorporation of the BATS data. + + **I still find it very odd that there was effectively no activity within the RLP on the NYSE for GME for an entire week. My intent was simply to log this as a discrepancy and thought a few folks might find it interesting, but y'all apes sent this to the front of r/all and r/popular last night, so RIP inbox**. + +*It will remain to be seen as to whether this will become a pattern where there is a lack of willing liquidity providers on the NYSE going forwards.* I will leave the post up as is, as I don't believe publicly recording these discrepancies and being skeptical about information being reported as intended in the financial world is a bad thing. + +Cheers folks! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Sometimes I might play some CS while I code but that's about it. I just don't find video games interesting anymore after I discovered day trading. Is this true for anyone else? +Is this the most incredible bull run of all time for a stock? Their market cap is now 430B and the good news hasnt even been announced. + +I have personally put stop losses at 10% with anticipation that people would start aggressively taking profits. I was honestly thinking we would see a drop today but the opposite has occurred. Is it possible that Tesla will have an AMAZON run where it far outpaces justification? + +Edit: Why the downvotes? + So how come I need to do MFA to log into my HVB account, but then when I'm sending a message to the bank from within the multi factor authenticated session, the only answer I receive (usually significant time later) is that "we are sorry, but we were not able to authenticate you, therefore please call our hotline or send a snail-mail." + +This is freaking ridiculous... What's wrong with modern technology in Germany? Or should I just change banks? +**NOTE:** None of this is financial advice. I have just shared some thoughts about a stock that I follow, and included numerous links to verifiable information. Please do your own DD if interested in any of this. + +&#x200B; + +**Who on Earth is** u/jasonwaterfalls96 **and what did he do last Friday?** + +Many of you Apes would have seen a very brief post by u/jasonwaterfalls96 (for simplicity, just called "Jason" from now) last Friday, about his somewhat drastic action to "sue" GameStop: + +[https://www.reddit.com/r/Superstonk/comments/qnkoo6/guess\_whati\_sued\_gamestopinvestor\_relations\_44/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/qnkoo6/guess_whati_sued_gamestopinvestor_relations_44/?utm_medium=android_app&utm_source=share) + +https://preview.redd.it/ye853d39r6y71.jpg?width=1768&format=pjpg&auto=webp&s=955343eb105820b212a72add5a6bfd7675d8433b + +One thing Jason did not do, and which caused some confusion to a few Apes, is to give a detailed explanation for *why* he has taken the step of sending a package to the Delaware Court of Chancery. This post is to explan what is going on here, and what we can potentially expect next as a result of Jason's actions. + +&#x200B; + +**What is the Delaware Court of Chancery?** + +GameStop Corp. is headquartered in Grapevine, Texas. However, they are incorporated in the State of Delaware, along with the vast majority of large American companies. Why Delaware? As detailed in the article below, for a number of reasons, the most important being the low corporate tax rate there compared to other states: + +[https://thehustle.co/why-delaware-is-the-sexiest-place-in-america-to-incorporate-a-company/amp/](https://thehustle.co/why-delaware-is-the-sexiest-place-in-america-to-incorporate-a-company/amp/) + +https://preview.redd.it/sevzspkcr6y71.jpg?width=1632&format=pjpg&auto=webp&s=ba15ec1fc15c9955858fad48eaa295b2d08fc7f7 + +https://preview.redd.it/i735vp6er6y71.jpg?width=1558&format=pjpg&auto=webp&s=e3adfe21020e1d316be587608fbeabf10ff020eb + +One other reason so many companies choose to incorporate in Delaware is the presence of a Court of Chancery, rather than a jury system, for resolving corporate disputes. See the explanation below for why this can be far more beneficial, for all parties involved, when such a dispute crops up: + +https://preview.redd.it/pwk7yz0kr6y71.jpg?width=1626&format=pjpg&auto=webp&s=950c7e0bf0617477f584822817ddf1b9f9900c04 + +&#x200B; + +**So why has Jason contacted this Court of Chancery now?** + +GameStop held its Annual Meeting of Shareholders on June 12th. In this meeting, the company announced the results of a number of articles voted on by shareholders. However there was no specific figure given for the *number* of votes were received, only that votes were received from 100% of shareholders. This was despite huge speculation at the time that the number of votes most likely exceeded the float. However, prior and subsequent research indicated that GameStop would have had great difficulty releasing this specific number of votes received: + +https://preview.redd.it/3pdg4fxmr6y71.jpg?width=1768&format=pjpg&auto=webp&s=4910fd33e80411525b582e3175a09a927f199e65 + +Since that meeting Jason, and seemingly a number of other anonymous Apes, have tried to obtain this information using another method: the Delaware Code. The specific section they have tried to utilise in these laws is *Title 8, Chapter 1 (General Corporation Law), Subchapter VII (Meetings, Elections, Voting and Notice), § 220 (Inspection of books and records)*: + +[https://delcode.delaware.gov/title8/c001/sc07/](https://delcode.delaware.gov/title8/c001/sc07/) + +https://preview.redd.it/b3hntt3pr6y71.jpg?width=1743&format=pjpg&auto=webp&s=d16e27856037d696c63f912a02abf03978dec79b + +https://preview.redd.it/d9jufw9rr6y71.jpg?width=1713&format=pjpg&auto=webp&s=9e48ef7df76e5595f20b37eb70021351ed08d004 + +The TLDR of this is as follows: + +* A stockholder can request to see a company's full list of all stockholders +* The company cannot refuse this request, and must release this list within 5 business days +* If the request is not fulfilled, the stockholder who made the request can apply (i.e. complain) to the Delaware Court of Chancery +* The Court will verify whether the person making the request is entitled to the list and has a good reason to request it +* If so, then the Court can basically force the company to release it for an agreed fee, unless the company provides some strong evidence that the person making the request will use it for some nefarious purpose +* Of course, the compay may just release the documents without any objection whatsoever as well + +&#x200B; + +**So GameStop had refused to release the list before???** + +This is where I think things get interesting... If you check Jason's post history, you will see that he first contacted GameStop's Investor Relations department months ago, to request this very information. He shared the letter he sent at that time, and it was *heavily* downvoted on all the GME subs he posted to for being 'hostile' to the company and its approach (see the comments sections!) + +https://preview.redd.it/zg081liwr6y71.jpg?width=1768&format=pjpg&auto=webp&s=0e700ddf8b0f8d1d3a2f9f6ec3b7244dff6f954f + +Undeterred, Jason has been continuing to consistently reach out to Investor Relations for MONTHS now. He has been sharing his results (or lack thereof) in more heavily downvoted - usually single figure upvoted! - posts all this time. An example of his "vigil" is below: + +https://preview.redd.it/7gfu16e0s6y71.jpg?width=1768&format=pjpg&auto=webp&s=0d78ba3be1976eea1bfcf979a9e0277d5b0ed77c + +So the question is: Why would GameStop be ignoring his multiple requests? For a company that now prides itself on the quality of its customer service, this seems somewhat out of character... And especially because it is *highly likely* to present factual data (rather than just mere conjecture) that can help GameStop to potentially shed the SHFs that have been negatively manipulating its stock price and preventing accurate price discovery. Some of the reasons they have chosen not to respond to Jason's (and others') requests *may* include: + +* \[A\] The Investor Relations department is incompetent +* \[B\] The Investor Relations department is too busy  +* \[C\] The requests are not meeting the criteria needed to release the information +* \[D\] They have been instructed not to release the information, by a more senior level + +Let us now assess each of these four possible reasons in turn... + +&#x200B; + +**\[A\] The Investor Relations department is incompetent** + +Personally, I think this is the least likely of the four possible explanations I have given above. GameStop is perhaps more famous these days for its stock than even its operational business. Which leads me to think that the main team responsible for handling stock related enquiries - Investor Relations - is highly unlikely to be left as a neglected department that consistently fails to liaise with shareholders. + +&#x200B; + +**\[B\] The Investor Relations department is too busy** + +For the same reasons as above, I think this is a little unlikely. Yes, the attention on GameStop's stock most likely means this team is busy. However, I am confident they have increased personnel over these last few months, and would be able to handle the multiple similar requests over these last few months. I also want to take this opportunity to share a post that Jason made about 3 weeks ago: + +https://preview.redd.it/m7ulpc46s6y71.jpg?width=1768&format=pjpg&auto=webp&s=0f3bdb85f19f89ae2b2743844984b7bb2b1309ca + +https://preview.redd.it/qf2t7hf7s6y71.jpg?width=1768&format=pjpg&auto=webp&s=7d9e8ce3d4e680062a0c8bed2b18c39e784fb43b + +https://preview.redd.it/is4pu7b8s6y71.jpg?width=1768&format=pjpg&auto=webp&s=4a77db80b852bd05e9762ae8e3268d9708ecbf41 + +Note in particular, this passage below: + +https://preview.redd.it/a27qt7mcs6y71.jpg?width=1768&format=pjpg&auto=webp&s=68ba40fb27ca969378c274bcec63b625ddfb7e54 + +This may seem to give credence to the idea that the Investor Relations team is just very busy. BUT they are actually not forwarding these enquiries to Investor Relations at all, but instead to their Legal team. Why would GameStop be treating this as, essentially, a legal matter...when the Delaware Code is very straightforward and they *ought to* just release the information requested? + +&#x200B; + +**\[C\] The requests are not meeting the criteria needed to release the information** + +When Jason and these other Apes began their "quest" to try and get the shareholders list directly from GameStop, it was long before the vast majority of Apes had any clue what DRS is. Most of you are now extremely familiar with this, but if not then read this fine explanatory post by u/criand: + +[https://www.reddit.com/r/Superstonk/comments/prpum9/computershare\_and\_drs\_is\_the\_way\_it\_ignites\_the/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/?utm_medium=android_app&utm_source=share) + +Before Jason went to GameStop headquarters 3 weeks ago, to make the information request in person, he had not DRS-ed his shares. In fact, it was only a few days before his visit that this mini-whale had registered his shares, and this was his most recent post before the one sharing the details of his trip to GameStop HQ: + +https://preview.redd.it/22yi2t7is6y71.jpg?width=1768&format=pjpg&auto=webp&s=dd453ee796a204711c99efbcd7870c14f59abafb + +What this means is that ALL of his previous information requests, at least by my understanding, were actually invalid. Let me remind you of the definition of a "stockholder" under the Delaware Code: + +https://preview.redd.it/0ko793hks6y71.jpg?width=1768&format=pjpg&auto=webp&s=fc605a2d954a20671488ab61c96c9b0744c808b9 + +Up until he DRS-ed those shares, they were held under "street name", meaning Jason was not *entitled to* receive the stockholder information he was requesting from GameStop. Why? Because for the intents and purposes of the application of the law, he was not really a stockholder, given he was not the "holder of record" for those 396 shares he had legitimately purchased. (Yeah, let that sink in... Makes my blood boil, and want to get all my shares over to ComputerShare ASAP.) Yet, when he delivered the information request in person, Jason went to great lengths to ensure that he notified GameStop that he was fulfilling this technicality: + +https://preview.redd.it/ne6ira0os6y71.jpg?width=1760&format=pjpg&auto=webp&s=d0546bb8a14edf68047e699ba75af2efdf39d3ea + +He also very clearly notified the repercussions of the company continuing to refuse his information request...which has now of course happened: + +https://preview.redd.it/59rh9zsps6y71.jpg?width=1768&format=pjpg&auto=webp&s=6147b3bccab9291b74daf168c978c4b75cf54eea + +&#x200B; + +**\[D\] They have been instructed not to release the information, by a more senior level** + +So to recap, 3 weeks ago Jason made the information request in person to GameStop Investor Relations. He provided incontrovertible proof that he is a "holder of record of stock". His request was deemed important enough that it was already escalated to their Legal team. GameStop also reported that there were multiple similar requests from other shareholders as well. Despite the threat of legal action if they did not comply, the result on their part has been...silence. + +I am purely speculating here, but this appears to me to be a *deliberate* silence. No major corporation wants to operate under the threat of legal action, particularly when it can be easily prevented. GameStop has chosen, in this case, to open themselves up to precisely this scenario, when all they had to do was release the documents to Jason. Which to my mind means that they have made a decision that this course is preferable to simply releasing the stockholder list. + +Why would they decide to follow such a course of action? Again, pure speculation here but what if the information has the potential to cause huge repercussions, to one or more parties? If the detailed stockholder list shows that, for example, "street name" brokers or directly registered retail investors already own a large portion of the float - even before adding in insiders and institutions - it would be all but confirming the existence of an unusually high number of naked shorts. Depending on the date used, it can also show the actual voting data in data OR the *actual* numbers of DRS-ed shares, putting an end to the guesswork we are currently performing to try and figure this out. Such information being made public has the potential to become a catalyst for a short squeeze, hence no small matter... + +GameStop therefore choosing not to release the list "willy nilly" to an unverified potential stock holder is, in such a light, understandable. They would be opening themselves up for far more serious legal action, potentially for a charge of deliberately instigating the MOASS itself, if they had just released it without being extremely careful. They could of course have chosen to reply to Jason and the others requests in the past, and informed them that until they register shares through DRS, GameStop cannot even look at these requests. However they may even face legal threats for explicitly mentioning ComputerShare...hence using cryptic clues to point towards "cone-poo-ted-chair": + +https://preview.redd.it/bmmhlq3us6y71.jpg?width=1767&format=pjpg&auto=webp&s=78891ef1015b599db8e6da832a4b2de5c9aa0e5b + +Hence it would not surprise me at all, if a directive had come down from above to forward any such requests to Legal. GameStop's best way to deal with this situation would, by my estimation, be to precisely follow the path they are currently on: be forced to release the stockholder list by an external body, rather than of their own volition. That way they leave themselves above the threat of legal action from, for example, financial institutions that stand to lose out from the MOASS. Hence getting the Delaware Court of Chancery to force them to release these documents is potentially a very, very smart approach. And it also means that all parties invovled win. I mean, except the hedgies...who r fuk. + +https://preview.redd.it/5ec0pr1xs6y71.jpg?width=1659&format=pjpg&auto=webp&s=d3604fc203fef57abb862345187d735b0b37f6e9 + +&#x200B; + +**So what could happen next?** + +Jason shared the USPS tracking screenshot, which shows that his formal application to the Delaware Court of Chancery should arrive by next Tuesday 9th November: + +https://preview.redd.it/bpi2laozs6y71.jpg?width=1639&format=pjpg&auto=webp&s=c6fb9b1bf566ab263b15079a2371e3049022ec9a + +There is no indication provided in the Court of Conduct for how quickly this will then be processed by the court. However it states that the *"Court may summarily order the corporation to inspect the corporation’s stock ledger, an existing list of stockholders, and its other books and records"*. We already know that the State of Delaware prides itself on reducing bureaucracy and red tape for handling corporate legal matters, so we can hope that Jason receives what he asks for relatively quickly after Tuesday. It goes without saying that the contents of those documents could not only shed a light on some key data we have been chasing for months, and could very well become the keys to MOASS itself... + +&#x200B; + +**TLDR** + +u/jasonwaterfalls96 has made an appeal to a body called the Delaware Court of Chancery, to force GameStop to release the full list of stock holders that they are aware of. Up to now, GameStop has completely ignored his and others' similar requests for this information, despite it being a right for shareholders of companies incorporated in Delaware (as GameStop is). I am speculating that the main reason for this silence is because this list has the explosive potential to trigger the MOASS. By simply releasing the list to retail investors, GameStop could be opening itself to legal action by hedgies. But by having Delaware's corporate law work *for them*, they could let the appeal play out and release the list without such a threat hanging over them as a repercussion. All this could happen very quickly, potentially as soon as next week...and Jason - the hero we need but perhaps don't deserve! - could well come to be in possession of some of the most valuable documents in the history of Capitalism... +Hi guys, why is technical analysis so popular these days? + +I mean, technical analysis doesn't make any sense and watching candlestick charts with daily volume will not tell you absolutely anything about the company, and it certainly doesn't predict the future. + +Thank you for the answers. +I am sure covid caused many people to foreclose but we are seeing even less foreclosure than we did prior to covid + +Forebearance ended a few months back yet not many foreclosures + +&#x200B; + +why is that? +We have notified Craigslist and filed a non-emergency report with the local PD. Anything else we can do? I feel really bad for the victim as they were heart broken. +I can’t find direct details on jnj’s business line segment breakdowns- but this has to effect pharmaceutical sales, right? Coupled with the fine.. Purdue pharma, Teva & others were mentioned as well. This isn’t short worthy news imo because this outcome could have already been priced in, but I’m second guessing getting into jnj as a long term value buy. + + + https://www.cnbc.com/2021/06/26/jj-agrees-to-stop-selling-opioids-in-230-million-settlement-with-new-york.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +We are Zerodha, India's largest retail stock broker. Ask us anything! + +Hello Reddit. +We are [Zerodha](https://zerodha.com). We started out in 2010 as a discount stock brokerage, and have pioneered and scaled discount broking over the last 9 years without ever raising external funding. Today, we're India's largest retail stock broker. We're known for our tech and platforms, free + flat pricing model, and our educational initiatives. + +We've been in the press a lot lately, primarily for beating the "big brokers" to the number 1 spot, and quite unfortunately, for the multiple downtime incidents in the last couple months. While we actively engage with the community on our [blog](https://zerodha.com/z-connect) and our [forum](https://tradingqna.com), we haven't been available on Reddit. + +With all the buzz—quite a lot of funny [memes](https://twitter.com/sandeep_jopat/status/1090880560551976960) and ridiculous conspiracy theories (no, we do not sell customer data! That would be plain stupid and evil)—we figured this would be a good time to do an AMA. + +On this thread, we have: + +- `/u/nithin_kamath` (Nithin) - CEO +- `/u/knadh_zerodha` (Kailash) - Technology - Reddit lurker since 2006 (ಠ‿ಠ) +- `/u/karthikrangappa` (Karthik) - Education - Author of Varsity + +Ask us anything (except for Karthik's age). + + +Proof: https://twitter.com/zerodhaonline/status/1121983497365622784 - From left: Nithin, Karthik, Kailash + +Edit: Add Twitter proof + +**Update:** The AMA's closed (10 PM, Sunday, 28th April). Thank you for the excellent participation! +Average America’s offered $1200 and “thoughts and prayers”. Millennials and Gen Z get to inherit all these liabilities being written by the 75+ crowd in charge now. This is a generational blow, deepening inequality and disenchanting the majority of the country. How do you feel? +Last week I posted about my first $1,000 day. A lot of you were very supportive, and of course, there were a few haters. This one's for them :) + + +https://preview.redd.it/mwpylma1lk581.png?width=1305&format=png&auto=webp&s=35e58eb8e02a81dfb14cd291b20cc7299efd0834 + +https://preview.redd.it/lzi001l5lk581.png?width=1065&format=png&auto=webp&s=948a9cc60a5e046eb724771e2e7c2700ff539814 + +The nice part about scalping is you can really get the feel for a stock. If it feels right and you're doing well, you can scale up. If it's not working out, you can stop trading it or scale down to keep testing the waters. + +I used to be scared to scale up on stocks I was doing well on for fear of losing all my gains. Once I flipped this mentality, I started seeing my green days becoming 10x my losing days. + +&#x200B; + +If you want to see my strategy in action, here's a daily recap from today: [https://youtu.be/PK-tsNGjIF8](https://youtu.be/PK-tsNGjIF8) +So the title is a bit click bait but not untrue. + +I graduated from college in 2019 and have now quit my job and live on a "passive" income of $115k a year from my rental properties. I'm currently in the process of closing on a few more that will leave me at about $160k "passive" income a year. + +I know the "rental properties aren't passive" and "you have a ton of debt!!" comments are coming but I figured I'd share my story anyways. + +After graduating with a BS in mechanical engineering I got my first job in upstate NY making $65k a year. I absolutely hated that job; I had to wake up around 5 am so I could get to my 6 am team meeting everyday. The environment was dusty and dirty and there was no one even remotely close to my age I could talk to during the day. Admittedly it was a pretty relaxed environment work wise and I did spend large portions of the day browsing reddit. + +Fast forward 6 months and I got a new job in western NYS. This job was more in line with what I wanted my career to be and gave me a great name to throw on my resume. For this opportunity I did actually take a pay cut to $62k (was raised to $65k 1 year later however), however the area was super low cost of living (1b1b goes for $550 back before covid). + +This next part is where I might lose some people because while my title isn't click bait, its not exactly a situation people can easily duplicate. Around 2 months into my new job, I opened a brokerage account and put $5k into it. Initially I was buying shares and would get excited when I made $2. I read all your typical [r/investing](https://www.reddit.com/r/investing/) advice etc, etc. However after not even a full month I got bored (I'm sure some of you can see where this is going). That's when I found [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/); I saw all the people leveraging their money into options and making crazy 40%, 60%, 100%, and even 200% returns on a single play. I began to stalk and stalk and eventually I pulled the trigger and liquidated by entire portfolio and began options trading. + +I will the the first to admit that I got very lucky. I turned \~$200 into \~$700 with a LL earnings play, made over $2500 with some far OTM calls on SPCE, and with some other trades, eventually I got my account up to around $65k in less than a year. + +Around this time is when I pulled out \~$30k to purchase my first rental property. I bought a 4 unit (1 SFH + Triplex on the same lot) for $138k. This property was more or less turn key with only the SFH sitting vacant. Once I got the keys I quickly rented the SFH out for $950 /month. This left me with a cash flow of around $900/month after all expenses besides management (I was self managing these since this was my only property). While all this was happening I was still working my FT job and day trading on the side. During the next couple months I was mostly day trading amazon options and managed to get another $30k which I used to buy a 3b1b SFH in cash. This was a bit of a fixer upper and I would spend my evenings working on it. After about a month and an additional $5k in work/materials (plumber for blocked sewer line, appliances, tools, etc) it was rent ready and I rented it out for another $950/month. + +Then in early December of 2020 I read a post on wsb about how undervalued GME was. I dumped nearly $35k into options and shares (I had 10 calls and 1100 shares). Initially I lost about 1/3 of the value but the infamous short squeeze happened and the price shot well past $400/share. I managed to sell everything around $350 leaving me about $375k after taxes. This really poured fuel on the rental property fire. + +Using around $150k I purchased triplex for $70k cash, a duplex for $58k that was financed, and a 6 unit multifamily for $270k (again financed). At this point I was still self managing these property but I had hired a couple contractors to renovate a couple apartments as well as replace the roof on one of the properties. During that time I also bought a sfh for $110k that I would live in as my primary and spent around $35k renovating it myself (minus paying a contractor to remove a load bearing all + install an lvl beam). For anyone that's keeping track, all in these properties (minus my primary) were bring in about $3500/month in cash flow. + +My next big purchase happened just after I finished renovating my primary; I found a 7 property portfolio for $735k. Because of all the work I did on the 2 houses that I paid cash for, I was able to refinance them and get out about $100k and only had to put up about $50k for the down payment + closing costs. + +During this time I was actively looking for a new job down south because I was quiet frankly tired of all the snow. Around the same time the portfolio closed I got a new job down in NC for $70k and moved down at the end of 2021. Instead of selling my primary I ended up renting it out to a group of grad students at a local university for $1600/month. Knowing that I would be a remote landlord I did end up finding a property manager to take care of all the properties. Combining that with the portfolio and my previously mentioned properties that brought my cash flow up to $9600 a month pre tax. + +I was laid off in February of this year and chose to not look for a new job. I don't really day trade anymore but I am continuing to look for new properties in the area. I currently have a few under contract and once those close I'll be sitting at around $160k pre tax. My goal is to get to $300k pre tax before I turn 30. + +Anyways that's my story. I don't have any advice or anything and I don't think I'm in the position to give any anyways; I just wanted to share with someone. Thanks for taking the time to read this! + +&#x200B; + +EDIT: Since this post has gotten a bit more attention than I expected in this sub I'll answer some common questions/comments + +1. Yes I got extremely lucky, nowhere in the post did I deny that. However I believe luck plays a huge component in anyone's success; my story is no different. +2. All these properties are located in western NYS +3. No I am not trying to sell anyone a course, a few people have dm'ed me about it. No clue where that came from. +4. $9600/month is the net free cash flow. The breakdown is below +5. I don't post often to my account, that doesn't mean I don't use reddit a lot. I've been subbed/lurking/and occasionally commenting on wsb since it was 500k users. +6. I currently own 13 properties (33 doors/tenants). I owe about $1.2m and have about $300k in equity between all properties. Market value on the whole portfolio is around $1.5m. +7. $375k was the approximate amount left after setting aside nearly $125k for tax. + +Breakdown (annual to nearest $) + +Gross rent: $310,704 + +Property tax: $39,490 + +Mortgage (PMI): $90,764 + +Common Utilities (varies but never more than): $3000 + +Repairs/maintenance budget: $24,760 + +Insurance: $8957 + +Lawn + snow removal: $2730 + +Management: $24,856 + +Net free cash flow: $116,147 or $9678.92/month + +&#x200B; +Hello fellow autists, + +Not that I think any of you need it, I thought it would be good for ya'll to check out [r/povertyfinance](https://www.reddit.com/r/povertyfinance/). + +Some people are seriously living paycheck to paycheck over there and struggling to pay rent. If you ever lose some tendies in the markets, go over to that sub and be served some humble pie. Also, it's easy to get caught up in checking this shit every 2 minutes and staring at tommsex all day watching your volatile shitty meme stocks. Go for a walk, eat a banana and bobs your uncle. Anyway all i'm trying to say is most of us are pretty god damn privileged to be able to throw 5-50k on some absolute sinky farts so just try have fun and in the future you can tell your kids how you put 600k on dw8 and you had to drink your actual pubes with a $6 bottle of shiraz. + +TL;DR fuck hotcrapper and fuck FB stock tips, i'm proud of you all. +I've been a devote Buffett follower since the beginning of my investment career for better or worse. Through the years the question of diversification comes up quite a bit especially if I am talking to an individual who is new to the world of investing. Before I was wise enough to understand my limitations, I would give them the same advice I followed which was guided by the analogy Munger and Buffett to go big on your best ideas because why would you put a lot of money behind your #8 idea. I took this as gospel and tried to implement it, but I went a little too far and at the turn of this year my entire portfolio was in 3 stocks. + +After watching one of the 3 stocks meltdown day after day I revisited Howard Marks and his section on risk in “The Most Important Thing” which is a perfect place to start if you are interested in value investing. All in all, the idea of, “It ain’t what you know that kills you, it is what you know that just ain’t so” is a good way to put it. Should you heed the advice of Buffett and Munger on investment concentration, you 1) need to be as good at sizing up investments as them (close to impossible) and 2) can underwrite the risks associated with the investments (close to impossible also). I was dumb enough to think I could do both but there is no better lesson than losing money to cause more enlightenment. This process of sticking to convictions and betting heavily on them brings out a kind of risk that not a lot of investors think about, it’s called path risk. + +Path risk is what it sounds like, it is the risk that comes with sticking to one specific path. It could also be interchangeable with opportunity risk. If you choose to invest in an idea you are therefore giving up all the other opportunities. This happens with all decision-making. When you chose to forgo all the other opportunities, or “paths”. + +If you listen to Buffett and Munger’s advice of going all-in on your best ideas you are creating a tremendous amount of path risk for yourself and unless you believe you are as smart as Buffett and Munger, it could sink your ship or at least put a huge dent in your net worth. + +As an investor, my only goal is to avoid big losses and survive long enough to reap the rewards of compound interest. I only came to this clear conclusion of what I am trying to do after losing money on an idea where I thought I had a solid grip on the risks, but I just wasn’t so. + +To minimize path risk the answer is somewhat simple, take more of them. + +This might fly in the face of what Buffett and Munger say but remember, they went all-in on situations where they had a large amount of control and so they could direct the cash flows. Unless you have insurmountable trust in the individual running the show, going all-in when you don’t have control always leaves more risk on the table which must be taken into account and usually compensated for by smaller position size. It might not maximize your IRR but you should live to invest another day. + +I no longer hold only 3 stocks, it’s more than 5 but less than 10, and this group includes two conglomerates that each hold more than 6 interests in different subsidies so I feel comfortable with the concentration. When I think about how concentrated I was before it makes me laugh and feel lucky I didn’t blow up. + +Following Buffett and Munger has led me down a lot of intelligent paths but this one could have ruined me and I am glad I decided to think for myself and not let the “authority” bias affect any further harm from this idea. + +Have any of you experienced the same feeling? I feel like it’s easy to follow Buffett blindly but everything taken to an extreme has its downfalls and this is one example. +🚀💣 🔥**Yeetin out of orbit** 💰 💵 🚀 + + + +We are YeetToken, a community-driven project that focuses on transparency and community contribution. We are very active in voice chat and encourage curiosity. Recently we released our whitepaper regarding our first use-case, [YeetPixels](https://pdfhost.io/v/fngyMfWlu_YeetPixels_White_Paperpdf.pdf). +After community feedback, we've established an official YeetToken Donation Wallet to support marketing and design efforts. Every month, we will take a percentage and donate to a charity/cause of the community's choice. + + +🔅INVEST WITH CONFIDENCE🔅 + +- Ownership Fully Renounced with Active Live Dev Chat! +- Community Teams with Leads in Each Department! +- Marketing and Budget for Promotions! +- Use-case Actually Involves the Community! + + + + +🔅TOKENOMICS🔅 + +- 50% Pre-burn, 4% Back to LP, 2% Back to Holders, 1% Burn +- No Dev Wallets +- Use-Case Whitepaper, [YeetPixels](https://pdfhost.io/v/fngyMfWlu_YeetPixels_White_Paperpdf.pdf) +- 16K+ Holders +- 4.5 Million Market cap + + + +Always 600-1400+ online. +Socials:👨💬👩💬👧💬👦 +Telegram (5800+): https://t.me/YeetTokenOfficial +https://discord.gg/CEQEsE3c +https://www.reddit.com/r/YeetTokenOfficial/ +https://twitter.com/yeettoken_hq +https://www.instagram.com/yeettoken/ + + + + +**Website: https://YeetToken.com** +**YeetToken Donation Wallet (ETH/BNB): 0xCcbbAB37F67d39A469b7c5ea89328449a3d07128** +**YeetToken: 0x7060d3f1cc70a07f4768560b9d9b692ac29244de make sure you’re using this address when buying** +So this Chinese construction firm thats touted as a potential "china's lehman brothers" is supposed to make a bond interest payment of 83Millies next week sept 23. + +If they miss this payment well im just not sure how to profit from this event. There could be some systemic risk / contagion in the APAC financial markets (not commodities)... + +Im thinking long PMGOLD, NCM. Short CBA? +Crypto is incredible. It really is. And I love being part of this space. But I think it would be a magnificent thing if we refocused just for a second away from lambos and turned our attention towards something that can really make a difference on a smaller level for someone we may never know. + +Every year my wife and I pick out a charity on Amazon and donate toys using some of the money we would have spent on each other. I challenge you, EthTrader, the most Gentlemen of subreddits, to do the same. It doesn't have to be huge. We've had years where we could only do $20 each. But I think doing this is worth more than any dollar amount could be. And I know, man- a lot of you guys have families you gotta provide for and your own kids to look after, and I get it. That's ok. But all it would take is you not buying that case of beer one weekend and you can make this difference. + +And it doesn't even have to be a children's hospital- just any charity, any item they have listed. I know when I was a kid one year all I got for Christmas was donated items, and almost a decade later when I finally thought back about it and realized what had happened, it hit me on such a personal level that a complete stranger took the time and spent the money to make sure I got toys for Christmas. + +If we start now, we can get some of the stuff to these kids before Christmas actually arrives. + +To do it, just go to Amazon, and under "Account and Lists", click "Find a List or Registry". Search for something. Anything. And make it happen. + +**Please make sure you pick the Charity's shipping address and not your own lol** + +I just think that if this can be gentlemen for us, then we can make a this is for someone else for just a minute or two, as well. + +[This year we picked a children's shelter.](https://postimg.org/image/94wotiymt/) + +Thank you, Gentlemen. +Yes I’m poor, yes I’m borderline homeless and I see posts on this sub 24/7 talking about depression & suiciii. Just do it, food stamps will help about $50-70 a week which is very very useful for poor people, so if this doesn’t seem much to you move on. +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? +We always talk about how to invest and maintain your fatfire, but let’s do the opposite and say you retired at 40 and only had a couple of years to live to blow $5-10 mil. What are the most worthwhile expenditures to enjoy your last few years and burn thru all the money? +A transfer from broker to broker must be completed in 3 days under Finra rule 11870, putting more pressure on the PFOF broker’s margin and leverage. They can’t stall and buy time like they are with DRS requests. We should all know by now that PFOF brokers ARE NOT our friends. They are trying to fuck with DRS as much as they can, don’t let them. Initiate the transfer on Fidelity's side to give them NO WIGGLE ROOM. + +**E-Trade, TD Ameritrade, Ally, Webull, Tradestation, Vanguard and Schwab** have all been implicated and reported as delaying DRS and fucking around. + +Already 'started' DRS with your shit broker? Likely they haven't begun it and cancelling it won't matter, even if they have they can not be trusted for a good timeframe or trusted in general and DRS with Fidelity will be faster and punish the shit brokers & you should be thinking about changing broker anyway. Many apes dont even bother cancelling their DRS reequest they just start the Fiedlity transfer on Fidelity side and fuck them hard and fast. + +If Fidelity doesn't receive shares in due time they can buy the shares themselves at whatever cost they want and send the bill to your shitty broker once the transfer goes through and they need your shares to DRS + +This slams the PFOF broker as they either have to give Fidelity some of their limited supply of real shares or are forced to buy them now or get a FAT bill from Fidelity putting pressure on their balance and risk levels AND they lost a customer. + +From there Fidelity have the fastest DRS times and they have gained a happy customer and damaged a competitor and the DRS train to full float starts moving faster. + +If this information stops being suppressed and enough apes learn why to do this then the DRS train picks up speed and 741 comes along quicker + +741 - US Code that pertains to Broker-Dealer Liquidation and Bankruptcy. These brokers will crumble and be liquidated and the first BIG dominoes towards MOASS will fall. + +GET out of these AT RISK SCUMMY PFOF BROKERS and make your shares REAL and under your name. Speed the process to DRS up and send a big FUCK YOU to your PFOF brokers by transferring to Fidelity first and then DRS. + +Shills love to downvote this topic. + +Full DD on this: [https://www.reddit.com/r/Superstonk/comments/q5t3c9/important\_drs\_info\_if\_you\_use\_a\_pfof\_broker/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q5t3c9/important_drs_info_if_you_use_a_pfof_broker/?utm_source=share&utm_medium=web2x&context=3) + +For Euro and International Apes you can do similar on IBKR use a FOP transfer to do it though cause otherwise they have a 30 day wait for ACAT transfer. + +Not Financial Advice. I’m REDACTED + +Largely a repost with some additions to keep this info front and centre in the sub after the SEC report (understandably so) distracted us for a bit. +Find something productive to do like a normal healthy mammal. Eat some ice cream, do some push-ups, try doing a couple rounds of meditation. Stop worrying too much about the ticker. Don’t you understand that we are 100% safe. Trust in the fucking DD ESPECIALLY when it’s a DD coming from atobit because LOOK. He was right. The man knows what he’s talking about. He’s always right. Just remember the fight is pretty much over and now all our job is is to sit and wait for hot tendies. Nothing more. The battle is already won. +I’ve been investing for around 20 years but have mostly stuck with index funds or industry specific ETFs. I always had a familiarity with securities through work but was never that interested. Lately I’ve become quite interested in value investing. I’ve been reading a ton and it all makes sense of why it’s a good approach. But while I actually enjoy reading 10ks, having control over where my money is, etc, from a purely financial perspective I just can’t ignore the seemingly endless data that even if you’re willing to put in the time, be patient, be diligent, etc you’re still better off just sticking your money in SPY (or something similar). I may just be looking for confirmation bias, but I’d love to hear your thoughts, especially if you’ve been a value investor for a long time. Thanks. +Just finished up the Intelligent Investor, as someone new to finance it took longer than normal because I would stop a lot to watch or read some supplemental material to help build a better base for myself. + +My questions is now what do I read? I get what Graham and Gweig were talking about in principle with making intelligent investments but how do I get started with finding companies/corporations that would qualify as a value investments? + +I've seen strategies like looking into companies that just hit their 52-week lows or just had a run of bad news or even that were severely impacted by the pandemic but that can be a lot and I don't have hours a day to research and breakdown all of these companies financial records. + +Really just asking what do I do next? +Look, what behavioral psychology tells us is that for a reinforcement to be effective it needs to occur at or around the time of the behavior being reinforced. Seeing endless CS posts doesn’t only keep it front and center in the minds of those who haven’t direct registered yet, it also gives them incentive to do it because they see all the karma and awards being given to those posts. + +I get it, the novelty has worn off. But this is where the grind starts and where intention needs to take precedence over feelings. + +Because keeping the pressure up now and actually increasing the amount of CS transfers is the way to end this thing faster. + +Since January the opposition has been in a constant maneuver of buying time, and with that time figuring out new devious ways to counteract retail’s progress. + +This is the chance to bury them. I for one am going to keep upvoting and awarding every purple circle post I see. I’m so goddamn proud of all you apes taking the power into your own hands words can’t describe it. +Maybe it’s a better question for r/nostupidquestions, but this feels like a fitting sub. If a company makes its shareholders Xthousand dollars this year, why do they need to make 10% more the next year? This growth, in many well established companies/industries is not organic and is predatory, unsustainable, and often downright cruel. So why is it such a standard outlook on business operation? +I'm not asking for how politicians create their speeches but rather how job creation in an economy actually works and is it possible to 'create more jobs'? + +I'm not knowledgeable in this field at all so if someone can ELI5 me a rundown of how it works (I understand supply and demand, expansion of market due to population growth, immigration and tax but that's just it so u can use those terms hehe). + +I am an avid fan of watching political speeches and one thing I always see when they campaign is the whole 'WE WILL CREATE MORE JOBS FOR AMERICA' shtick/talking point and I **just don't know and don't have the knowledge to explain to myself, how?** +Because I provided you all with two plays last week that did really well ($CHMA, $BEST) + +I thought I'd provided you with one that I think has the potential to be the best of them all! + +* THIS IS NOT FINANCIAL ADVICE, PLEASE DO YOUR OWN DD BEFORE PURCHASING SHARES OF ANY STOCK * + +# Zosano Pharma Corp. + +# $ZSAN on NASDAQ + +EDIT: I forgot to include analyst Price Target + +&#x200B; + +https://preview.redd.it/ts80mpji0ag61.png?width=2100&format=png&auto=webp&s=790ad9859e77dd92cb2b7bb053dc3d1c87abda21 + +What is ZSAN? + +Zosano Pharma is a clinical-stage biopharmaceutical company enabling the systemic administration of therapeutics and other bioactive molecules to patients using our proprietary intracutaneous microneedle patch system. We have pioneered a novel paradigm for delivering molecules typically administered parenterally, where the inconvenience and pain associated with subcutaneous, intravenous or other complex administrations present barriers to compliance. Our strengths lie in our diverse team of industry veterans with proven drug and device development and significant commercialization experience. + +# Their staple product: + +# Intracutaneous Microneedle System + +https://preview.redd.it/1abki54az9g61.png?width=1200&format=png&auto=webp&s=7a24505aa34c6cbfd9e0c94beb28bbd05ec2607f + +## What is the intracutaneous microneedle system? + +The system is a single-entity combination product, which comprises a reusable applicator and a microneedle array containing patch, for intracutaneous drug delivery allowing rapid absorption into the bloodstream. The microneedle array patch is applied to the skin using a ready to use and reusable handheld applicator. + +Each microneedle array patch is individually packaged and stored at room temperature.  + +&#x200B; + +https://preview.redd.it/8cp3dqfbz9g61.png?width=699&format=png&auto=webp&s=f153983c0a86a21708235e87cbb191d94f50a1ab + +## + +https://preview.redd.it/4of9mx2ez9g61.png?width=699&format=png&auto=webp&s=7c38d57a7d7b7f7cd96a9b39ae5f2ee1b782195e + +## How does it work? + +An array of close to two thousand drug-coated titanium microneedles is mounted on the skin-facing surface of a backing that resembles an adhesive bandage. The length of each individual microneedle is about 3 times the width of a human hair.  + +&#x200B; + +https://preview.redd.it/4r1zrs3fz9g61.png?width=1202&format=png&auto=webp&s=82b68d6f509b02cb63392fd9a1c43ef0c3de1d14 + +When the microneedle patch is applied, the microneedles penetrate the outermost layer of the epidermis (stratum corneum). The shallow depth of penetration limits the likelihood of stimulating sensory nerve endings and causing pain. Interstitial fluid in the skin reconstitutes the drug and makes it available for rapid absorption into the bloodstream. + +&#x200B; + +https://preview.redd.it/jiz7h54gz9g61.png?width=698&format=png&auto=webp&s=d708915bf29789dc5ea4cef6f28061637d176133 + +## What are the advantages of intracutaneous delivery? + +## Rapid Systemic Delivery without the Needle + +There are instances where a drug cannot or should not be administered orally. For example, some drugs have poor oral bioavailability. In other cases, patients may not be able to tolerate an orally administered drug. In addition, intestinal absorption following oral delivery can be slow, delaying the beneficial effects of a drug. + +Intracutaneous delivery allows systemic drug delivery without the use of a hypodermic needle. In clinical studies, less than 10% of patients reported any pain at the application site. Pharmacokinetic analysis demonstrated \~ 3-times faster absorption of zolmitriptan using our system compared with orally administered zolmitriptan. + +&#x200B; + +https://preview.redd.it/5fp5j64hz9g61.png?width=700&format=png&auto=webp&s=aa4c9b827d928a8288fd61d2ebd5f19ecbc24088 + +They're currently using this technology on a soon-to-be FDA approved Migrane treatment. + +But here's the kicker, and why I think this stock has the potential to 10x... + +They recently announced they're looking for a partner to use this amazing technology to help administer the COVID vaccine, at home. + +&#x200B; + +[From their website](https://preview.redd.it/gad7wgvuz9g61.png?width=1604&format=png&auto=webp&s=60ea24b1b866feb2ee5bfe7d11743bb4bbc8114e) + +&#x200B; + +[From their website](https://preview.redd.it/rdr0bycxz9g61.png?width=1783&format=png&auto=webp&s=665af0733d6782f1920ebb7007953acd28ccdf47) + +Overall, I think this stock has major potential to grow, with or without the COVID vaccine. +It seems I’m often adding new terms to my standard lease given small unexpected things that happen. + +Tired of filling holes and patching walls, I added all wall hangings must use 3M command strips or be done by property management (me). + +I recently added no inoperable vehicles may be stored on the property after seeing a tenant had put an old car on blocks in the garage. + +I’m considering requiring online rent payment after bouncing checks and non-observance of late fees. + +What are some less common lease terms you find valuable? +I recently saw a financial advisor at my bank. I’m 26, have a bit of cash in savings, but know very little about finances. + +This advisor suggested I open a Roth IRA. Great. However I’m a little hesitant about the 5.75% fee that I’ll pay whenever I deposit money into the Roth IRA. + +I don’t know what to refer to this fee as, so it’s difficult to look it up online and figure out if it’s normal. + +What is this fee called? Is the 5.75% normal? +Enough is enough. The US has the most corrupt stock market and regulator (SEC) in the world. + +People often sneer at African nations for having corrupt despot institutions and governments, yet for example Nigeria has a more transparent marketplace than US, and installing blockchain based settlement which makes the issues we have seen here impossible. + +SEC is the only regulator in the world which sees most cryptos as “securities”, why you ask? Because if they are designated as securities it makes crypto absolutely useless as they can’t perform their function with this designation and the hyper laborious loopholes you just jump through. Meaning the incumbent system stays on which means they can just press a button and make their problems go away with a centralised ledger with no public oversight. The opposite of blockchain. + +SEC is one of the few regulators in the world that does no heavily criticise PFOF. The most they said was “we are looking at the pluses and minuses”, as if they didn’t review this for the many years it’s been installed. + +Nothing against the American people, but I simply can not invest into anything American again after this. It’s an absolute shitshow and shameful how brazen the corruption is and how smug they are knowing the “congressional oversight” who oversee them are just as corrupt as the SEC. Bradley Sherman, the head of the SEC oversight in the house, is an absolute corrupted vermin piece of shit. + +Voting will never solve this in USA. + + +Edit: yes of course I will invest in USA again if the transparency and certainty of the game’s rules for everyone, including JPM and Citadel, meets a reasonable standard for 2022, not 2002. +Tonight we’re launching the PRESALE for **TIKI**. **Fully automated 10% BNB redistribution token on BSC.** 🤯 + +I am bringing this project to everyone who wants to listen, this is the same guy who told you to buy EclipseToken at 1M marketcap - x180 afterwards. + +**Tech is the edge.** Nobody else cracked the auto-claiming. **Every 60 minutes, you get paid in BNB** 🔄 + +Marketing team is also great, big marketing has not rolled out but yet TG is **5k organic members** and waiting investors. **+ 1K in Discord**. + +The bigger the bag, the bigger the redistribution. It incentivize HODLING so we can expect a great price action. + +Devs are throwing in **100 BNB from pocket into LP POOL** \+ LOCK. You can guess the team’s commitment in this project. + +**PREMIUM Audit** is paid for. HASHEX.ORG , not your average shitcoin audit. + +Get in now and DYOR , Also big marketing connections on crypto platforms are secured 😉 . Little heads up you will be hearing Tiki Token a lot more even probably by your grandma, lets go! + +**Audit -** Hashex + +**Whitepaper and tokenomics-** [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + +**Website :** [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +**Twitter :** [https://twitter.com/realtikitoken](https://twitter.com/realtikitoken) + +**Discord :** [https://discord.gg/pU2qj7Ja8h](https://discord.gg/pU2qj7Ja8h) + +**Telegram :** [https://t.me/tikicommunity](https://t.me/tikicommunity) +I was wondering what types of jobs/careers that a undergraduate economics major could obtain. What types of jobs can I expect with no experience; or what can obtain later with experience. also what fields are most common for most econ majors? + +Edit: I am based in the US and not near D.C. +https://thehill.com/opinion/finance/490476-the-2-trillion-relief-package-makes-unemployment-pay-more-than-work + +Now I'm in a LCOL metro so this wont apply to everyone. My tenants pay $500-$750 per month for rent. With these new unemployment benefits I'm not seeing why layoffs should result in them being unable to pay rent. Many of them will see their income temporarily increase so I see no viable excuse for them not paying. Is anyone else not really concerned about collecting rent given the boost to unemployment payments? +I have no idea how to ask this question. Apple's stock price is $127.14 per share right now. I would like to know what it's going to take for this stock to go up to $127.50 for example. What calculations is the trading software (or whatever thing that calculates the price of the share at time t) doing to say: okay this happened, so the price goes up by this amount; this happened, so the price goes down by this amount. I know that people buying and selling the stock is what makes the price go up and down. But exactly how will buying let's say $1000 worth of apple share will influence the market? Basically, I want to know the details of how the price of a share goes up and down. Hope this makes sense to someone! +**First off my intention is not to offend anyone. As with NBC before it, I know Fox also has a lot of loyal followers. My intention is not to aggravate anyone, just to warn them and make sure they're prepared.** + +I love what Charles Payne has been saying/doing so far and it's awesome that Wes is getting some much-needed air time to (hopefully) discuss Short Selling, but everyone needs to be ultra careful with this. + +This might trigger some people but I'm sorry because it needs to be said again: **MSM is not your friend. None of them. Not now, not ever**. And Fox is quite literally the most mainstream of all the media even if they like to pretend they aren't. + +Additionally, Charles Payne is an actor. At the end of the day, he'll do what Rupert Murdoch wants. I don't think many people here would argue that Rupert Murdoch is a good person. I won't get into the finer details of it to avoid breaking rule 5, but let me make a quick connection for you: + +1. Rupert Murdoch owns News Corp +2. News Corp owns Dow Jones & Company +3. Dow Jones & Company owns **Marketwatch, Barron's and Wallstreet Journal -** Three of the most corrupt, dogshit publications in history. + +Have you been reading the 900 Marketwatch articles that have been trying to push people out of GME? Yea, that's Murdoch. Don't think for a second that he isn't pissed about the GME situation. + +Also, and I hate to mention this because it might be touchy, but Fox News employs the absolute scummiest psychological techniques known to man and I've gotten to see how nasty some of them are firsthand. As soon as they gain your trust they will poison the everliving fuck out of your brain in different ways than CNBC does. These channels are all scummy, but they use different techniques based on their audiences. You can't fool the Fox demographic in the same way that you can fool the CNBC demographic and vica versa. + +**These. Guys. Are. Not. Your. Friends.** + +When Charles Payne gains your trust, he's going to turn around and stab you in the back, because he isn't the one controlling his actions. What Murdoch says, goes. And when he does flip on you then it's going to put you at risk of paperhanding, particularly the newer apes that don't have the conviction and background information that we do. And even if they decide to 'side' with us and give us a voice, they're going to betray that newfound trust and drag you further in to screw you elsewhere. + +Again, my intention isn't to ridicule anyone's choice in media. Hell, I used to watch and trust CNBC so I certainly can't talk. Just please be careful and do not trust ANYONE inside the yacht club. They're just here to make money. + +&#x200B; + +That being said, good luck in your interview Wes! Hopefully you can use this opportunity in a positive way. +[just\_a\_manatee](https://www.reddit.com/user/just_a_manatee/) is a prolific poster, and these comments are all from the last month. He’s a young guy and has accomplished a LOT. Needless to say, I’m skeptical… + +**I’m 26** + +[Source](https://www.reddit.com/r/fatFIRE/comments/r86p66/comment/hn5hvdx/?utm_source=share&utm_medium=web2x&context=3) + +**My parents did well for themselves, they themselves fatfiring with a 9 figure portfolio of which I haven’t gotten any yet** (although I do have a 529 & a trust, which isn’t a very significant amount but did allow me to buy my first camera gear for my advertising/production business). + +[Source](https://www.reddit.com/r/fatFIRE/comments/r2watv/comment/hmle1cd/?utm_source=share&utm_medium=web2x&context=3) + +***Note: obesefire parents, but he started his career with little cash support*** + +Had a digital marketing agency that got absorbed by someone larger, fatired but got bored & started a new business. Probably coolest swag we did was on family day we had a company there (**this is 10 or so years ago**) where they captured a 3D image of you/your family/whatever & would etch it inside a large glass/crystal. + +[Source](https://www.reddit.com/r/fatFIRE/comments/r87lz5/comment/hn4oahf/?utm_source=share&utm_medium=web2x&context=3) + +***Note: So he started his own business when he was 15 or so? Is this his first or second business? He mentions elsewhere that he went to college.*** + +Currently I own an apartment in my families hometown, an estate in my families home town (current home & will be getting rid of it), an island in the Bahamas, a ranch in Wyoming (future main residence), a remote property in Alaska (truly remote in the center of a park, will have log cabins etc), & then a family home in Europe. I plan to create a lodge (12-24 rooms with a few private cabins as well) in the Bahamas, Wyoming, & Alaska. I plan to operate a boutique service similar to other operations found around the world & use them to socialize with other fats on occasion. Having a second, third, etc property can be great but can also be tedious. **I currently have a staff of 4 people that maintain each property, but I will probably end up employing 50 people at each lodge location to fulfill my requirements of needing to do absolutely nothing but have everything.** + +[Source](https://www.reddit.com/r/fatFIRE/comments/r1md11/comment/hlzwatb/?utm_source=share&utm_medium=web2x&context=3) + +**I currently have 2 employees for my properties.** One is the property manager, takes care of basically everything that is outside of the interior of the house from pool maintenance to lawn care. I also have a maid/personal assistant, which cleans the house twice a week (takes about 6 hours), does daily random crap (from laundry, to taking out trash) & handles my business schedule (my wife & I handle our personal schedules for family time etc). I pay them $150,000 a year (for the both of them, they’re a domestic couple & are married) in salary plus many other benefits (such as retirement, health, transportation, & an annual trip for them to take a 3 week vacation in addition to the regular times they take off). My current house is around 8 acres with about 15,000 sq ft under roof (very large patio & garage, about 10,000 heated). However I’m in the beginning stages of building our forever home, a compound of about 6,000 acres, 250 acre lake, woodlands, multiple buildings (I’ll be my own utility since the property is remote), it’s own landing strip, a resort style pool, with the main home will be about 45k sq ft (10K sq ft will be garage/patio space). In the end I’ll hire 7 people total; 2 maids/PA’s, 2 property caretakers, 1 personal chef, 1 butler/manager & 1 security guard (no real need, but I’ve had people hunt illegally on the property & the majority of land is for conservation (I’m using about 500 acres of the 6,500, & the majority of what I’m using is still for farming/raising animals). Current compensation I’m looking at is around $2 million for all 6 plus the cost of building nice homes for the employees. + +***Note: I’m losing track of the millions of annual spend, and the ever-changing number of people he employs.*** + +[Source](https://www.reddit.com/r/fatFIRE/comments/qpegeg/comment/hjutsgt/?utm_source=share&utm_medium=web2x&context=3) + +Budget wise I’m shooting for $1K a sq ft, plus extra cost for the imax ($1m), pool ($5m), aquarium($2m), garage tools/equipment including lifts ($1m), & server room ($5m). The rest should be covered by the $1K a sq ft. **My best guess for the house will be somewhere between $50 & $75 million.** + +[Source](https://www.reddit.com/r/fatFIRE/comments/r0p7k6/comment/hmdbgzx/?utm_source=share&utm_medium=web2x&context=3) + +Then the mac daddy of them all which will be my homes personal server that will be running everything from automations, scheduling home maintenance, to my personal favorite feature which is a custom machine learning algorithm tied basically to everything (sensors, email, calendar, etc). Basically the goal will be to assign profiles to users, then it will learn what you like & dislike (ie, on a sunny Friday afternoon when both users are home, we turn off the living room lights, switch the tv to Apple TV, navigate to the Disney plus app, turn the fire place on, etc). It’ll recognize pattern in our day to day & hopefully make life easier. I’m minimizing the touchscreens on the walls opting for buttons instead. It’ll also be voice controlled, but I’m more gearing towards it being completely automated based on the users habits\*\*. There are many more parts to this, but basically what I want doesn’t exist in the market so I’m creating it along with some engineers I’ve hired.\*\* + +[Source](https://www.reddit.com/r/fatFIRE/comments/r0p7k6/comment/hn4i6kd/?utm_source=share&utm_medium=web2x&context=3) + +I did inherit things most of which I’ve put away strictly for retirement such as a Roth IRA that was started for me as a child. I had a small trust (5 figure) which I used, but I snowballed it all into more. When my father passed away my mother tried to handle the aspects of her finances but having never done that she didn’t do a good job\*\*. I formed a family office via chase Private client & manage her finances for her. She was traveling every week with her jet card & it made financial sense to purchase her a plane. I sold my main business as well as selling smaller business to convert them into something (such as my aviation leaseback business that I used to purchase my TBM 940 & other small piston/turboprop aircraft.\*\* **I made my money via an advertising/marketing/video production company that got acquired, using that money to short & long tesla, gme, apple (father was an early investor & actually got technical support from Steve himself which I find to be awesome), an ITAR compliance business** (which I’m not fully out of as I plan on starting my own FFL/SOT which will allow me to build legal machine guns & other guns), **& then a few patents in the oil industry that are now used worldwide**. Lots of luck tossed around in there as well. **I’m not fully diversified into ETF’s yet, I have 9 figures in cyrpto that I’m slowly selling off**, but I still make enough residuals from my parents that I can let my etfs reinvest any money they make. It’s a very unique situation where any money I make outside of the patents immediately goes into savings or making a large purchase (such as the land & house), but my patent supports my day to day lifestyle (which I try to make as efficient as possible, I currently live in a 10,000 sq fr test bed house I built to test out some tech for my future build & it costs me around $2K a month to run (includes everything from heating/cooling to all the steaming subscription services\*\*). I’m currently in a tech business I started after selling my others & traveling for a while as I got bored with it (I had already traveled a bunch with my parents growing up). The business is with some friends & I’m using it to elevate them to fat fire status as well so that we can all travel the world together & live on the same property. Think of a religious cult without the whole religious aspect; we’ll just be relaxing in our homes & then decide to travel to Japan for a week together.\*\* + +[Source](https://www.reddit.com/r/fatFIRE/comments/r2watv/comment/hmynnun/?utm_source=share&utm_medium=web2x&context=3) + +***Note: has anyone kept count of how many businesses he has or had? His dad got tech support from Steve Jobs! He is a wizard investor. He has patents.*** + +Context, my family has a global 7500, 2 CRJ’s for charity work, I own a phenom 300e & some various turboprop/piston since I’m a pilot myself. We used to have a netjets card to get around but that proved to not give us the flexibility we were wanting. My mother now uses the global to travel to her hearts content since my fathers passing, & I use it to handle her affairs when needed. Currently we have them with a management company but soon I’ll be starting up my own flight department to handle her travels, mine, & the foundations. The biggest thing you get when you own your own plane is A) Access & B) Personalization. Since we don’t rent the planes out, both she & I have some clothes & other personal items (like an ipad) that live on the planes. It allows me to pack light & “go” immediately in most situations because I know I have things covered. + +Edit: **As far as cost goes, it costs us around $3 million per year for the global, $400K for the phenom (which I fly myself), & then another $400K for the rest of the turbines/pistons.** The global sees the most use at 500 hours a year. + +***Note: He’s a pilot too with over $100mm in planes.*** + +**I also own crypto which is roughly 200 my nm** + +[Source](https://www.reddit.com/r/fatFIRE/comments/r0djfx/comment/hlu3lch/?utm_source=share&utm_medium=web2x&context=3) + +***Note: $200M in crypto*** + +Currently around 75% (NW) is crypto + +[Source](https://www.reddit.com/r/fatFIRE/comments/r0q9bs/comment/hlupbo2/?utm_source=share&utm_medium=web2x&context=3) + +***Note: That extrapolates to a NW of of $266M*** + +***This story just doesn’t pass the smell test for me, and the years don’t match his age. If he said he was 36, it would still be a lot to believe. Obviously there are crypto mega-millionaires out there, I'm not doubting that they exist.*** +Ive heard consumer staples and banks are good? can you name any other companies and why? Ray dalio has been adding a lot of Walmart, coca cola, costco etc so i think hes preparing too as well as buffet with kroger +You’ve heard about Gamestop in the news. You’ve probably also heard the term ‘shorting’ and maybe even ‘naked shorting’, but I didn’t figure out what these meant until recently. So if you’ve been faking that you know what it means like I was, it’s actually not that hard to understand. + +Basically, imagine that I borrow your favorite necklace. It’s a nice vintage thing that you love, but I’m your best friend, so you loan it to me. Now, I know that this sort of thing is really hot right now, so I pawn it. Yeah, I’m a shitty friend, but I really needed the money. Besides, I’m pretty sure that this vintage necklace fad is going to pass, and when you finally ask for your necklace back, I’ll be able to buy it back for much cheaper than I originally pawned it for. And that’s what I do. The fad passes, I buy the necklace back for half of what I got for it originally, return it to its rightful owner, and everything is right in the world once more. Plus, I’ve got some extra cash from the whole ordeal. + +That’s what shorting a stock is. You make money on a stock going down in price. The problem is when the stock instead goes up. You still have to buy that necklace back, but now it’s twice the price, so you’re losing money. The only thing that could make this situation worse is if the pawn shop sold it to someone else. Now it’s gone and I can’t buy it back to give it back to you, the owner. + +This is called a failure-to-deliver (FTD) and is often the consequence of naked shorting, which is a little more complicated. But now that you know how shorting works, this should be an easy next step. + +So, let’s say it’s the beginning of 2020 and you want to make some money. You find a company that’s dying. Has been dying for some time. Let’s call it Gamestop. The share price is down to the single digits. A pandemic has just hit and no one is going to stores anymore; they’re buying all their games off Amazon. Plus, you’ve done your research and know that Gamestop has hundreds of millions in debt that it must pay off next year in April, or it’s almost certainly going to go bankrupt. + +What’s a savvy investor to do? + +Well, you could short the company, just like I described above. You borrow shares that you don’t have to return for a whole year, sell them on the market, and wait for the death throes of the company before buying them back for pennies on the dollar, and then returning them to their original owner. + +Problem is you’re greedy, smart, and have absolutely zero morals. So, it’s no longer a question of what a savvy investor would do, but what a bloodthirsty trader bent on sucking up the absolute most profit would do. And this is what they would do (and did). + +Sell more shares of a company than they actually have. Now, I won’t go into how this is possible, but all you have to do is jump over to wikipedia to see that I’m not just pulling this idea out of my ass. It’s called naked shorting and it’s illegal and a quick way to make some serious cash. Infinite money, nearly, because what’s to stop me from selling hundreds of millions of shares that don’t exist if I know for a fact that I’ll never have to return them? + +And how would I know this so assuredly? Because I’ll make sure of it. + +When everyone wants to buy something, the price goes up. Just look at gaming consoles during their launch and the people who buy ten of them to resell for twice the price on eBay. Conversely, when everyone is selling something, the price goes down. Supply and demand. Basic economics, right? + +So what happens when I flood the market with these shares? The price tanks. It drops and drops to $3 a share. $2 a share. I could get out now with a hefty profit, but I can make more. So much more. You see, if the company goes bankrupt before the due date when I have to sort out my naked shorts, then there are no more shares. They vanish. Like tears in the rain. Which means I don’t have to return shares. I don’t have to do anything except keep… + +All. The. Profit. + +But something unexpected happens. Gamestop turns around. Ryan Cohen joins the board (look him up if you don’t know who I’m talking about. He’s sort of a big deal). Regular investors notice this heavily shorted company and start buying up the shares. Lots of them. Because they see potential. + +Now, remember what happens when everyone wants to buy something? The price goes up. And a position that was sure to gain you, the shorter, money is now going to see you losing everything. Because the potential loss is truly infinite. + +What do I mean by infinite? + +Well, let’s go back to that necklace story. I need to buy the necklace back from the pawn store to return to my friend, but let’s say that owner of the store figured out the trick I was trying to play. He knows I need this necklace back, at any cost, because there isn’t another one like it. Just like a person selling water to someone dying of thirst in the desert, he gets to name his price. + +That’s where we are with Gamestop. The short sellers have naked shorted, lost, and now they need to buy shares to deliver them. They MUST deliver the shares that they don’t have, but since they can’t afford to right now, they keep using little loopholes to push the date back. They’re stalling, but eventually they will have to buy them back, and when they do, the price will rocket. This is called a Short Squeeze. It happened in 2008 with Volkswagen, pushing the share price from around 200 euros a piece to 1,000 euros a pop in just two days, making it the most valued company in the world for all of ten minutes. + +This lead us to the world economy. Yeah, really. + +The fact is that Gamestop isn’t a one-off. This naked shorting scheme happens all the time. Remember Toy-R-Us? Same thing, but they didn’t survive. And when shorters start getting overconfident and selling way more shares than actually exist, banking on the fact that they will never have to buy them back in the end, the house of cards starts to get very shaky. They are essentially writing more IOU’s than they could possibly ever hope to pay back. + +The problem doesn’t end at the hedge funds (which are like investment groups), because the deeper you dig, the more you see that this system is rotten down to its very core. All the way up to the SEC, the DTC, and all those lovely acronyms that we all pretend to act like we know what they are. Basically, the government bodies that are meant to keep a handle on this sort of thing have all of their grubby hands in the same cookie jar. Everyone is liable, and the tipping point could very well be a colossal short squeeze, like the one Gamestop has the potential for. + +With a short squeeze of enough magnitude, all those hedge funds that shorted Gamestop will have to buy back the shares AT ANY PRICE. If the shares go up in price enough, they get margin called, and if they fail the margin call (which is as good as going bankrupt for a hedge fund), their insurers will have to pick up the rest of the tab. If the insurers can’t manage, the buck then gets passed onto the government. The dominoes will start falling, and where that will leave everyone when this is all said and done is anyone’s guess. + +I know this sounds like some horror story I pulled out of my ass to add a little drama to my boring life, but I’m telling you: read into this. Because I left a lot out here. Stuff like the LIBOR-to-SOFR transition that’s underway, which will uncover a lot of this nastiness, but the corrections will leave behind collateral damage. Then there’s Gary Gensler’s recent appointment as chair of the SEC (he was in the same position right before the collapse in 2008), and so many other moving parts that point straight at what I’m talking about. + +I’m not telling you to go out and buy GameStop right now (though if you do, don’t use Robinhood. It looks cool, but they are a part of the problem). What I’m saying is instead of watching Netflix tonight, try and look up some of this yourself. If you’re going ignore me and watch a movie anyway, check out The Big Short. It’s got Christian Bale, Ryan Gosling, Brad Pitt, and even Margot Robbie explaining financial concepts in a bubble bath. It will give you an idea of what’s happening right now, though it’s different this time around. + +This time, it's worse. + +*EDIT: Lots of questions in the comments. Although this is not financial advice, in regard to reputable brokers, I would look into Fidelity and Vanguard. You can also buy through Computershare, which is the company Gamestop uses for distributing their shares. These brokers aren't quite as fancy looking as Robinhood, but they are much more reliable for a number of reasons I recommend reading into. Also, fidelity has a subreddit on which they are very active, so feel free to reach out to them if you have any questions about setting up an account.* + +*Also, while The Big Short is a great movie to watch to watch both for entertainment and for learning how some of this stuff works, remember that the shorters in that movie are the good guys, whereas the shorters of Gamestop are the baddies. If you watch the movie you'll understand.* + +*For any tried and true apes reading this, please scour the new comments coming in. Lots of people asking questions and I can't answer everyone. We have people from all over the world asking about where to find brokers, etc. Help an ape out.* +CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading. + +“It’s a game. If it weren’t securities, let’s say it was monopoly, let’s say it’s Draft Kings ... it would be so much fun,” Cramer said on “Squawk Box.” “Pick a couple of stocks, you gun them in the morning, and then you hope people are stupid enough and they buy them.” + + +https://www.cnbc.com/2020/06/12/cramer-thinks-wall-street-pros-may-be-playing-a-game-with-amateur-robinhood-traders.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +For the new investors: If the money is important to you and you can’t afford to lose it, buy great companies, and hold them, or you WILL lose money in the long run. Trying to time the market and dance in and out of positions is like the following analogy: Imagine playing a slot machine, except the casino is watching you, and they can hit a button to make you lose when ever they want. They can also hit a different button to let you win a little, in order to embolden you so that you bet more, and then hit the button to make you loose money. +The last few days have seen significant flux in the crypto market. Elon declared an end to the “buy a Tesla with Bitcoin” stunt. Binance landed in deep water with regulators in the US. Coinbase continued to underperform against expectations in the stock market. Most coins and tokens trended down. + +It is interesting how Cardano has flowed through this mess appreciating rather than decreasing in value. This is probably due to two simple things. One, it’s not Bitcoin, so it’s not in the primary spotlight of negative news. Two, it’s got perhaps the most momentum of third generation blockchains, and that makes it an easy hedge for those concerned with point one. + +However, let’s not get ahead of ourselves. ADA is probably overpriced right now, riding on a halo due to low interest capital, crypto hype, and the primary market option floundering. A re-pricing will probably occur, I would suggest alongside ETH, as both have surged far ahead of their internal market growth. By that, I mean ahead of the smart contracts or profitable tokens, or practical global deployments matching the scaling of the token price. + +These are heady times. It is a perfect moment to keep your hat firmly attached, stick to your long term plans, and not get distracted. + +== Additional Note == + +I’m bullish about the long term, but I suspect we will have a jolt in the short term as peak crypto 2021 passes. It’s important to remember than the last time that happened, Cardano went from $1.0085 on January 1st 2018 to $0.1508 on March 26th 2018. In the latter part of the year it was trading in the 2 to 4 cent level with spikes to around 8 cent until April 2020, when it started the current upward trend, significantly accelerating in 2021. I don’t expect as dramatic a repricing this time because the fundamentals have improved. Nevertheless… one should reread the paragraph above if one finds oneself getting too excited. +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! + +Hi, + +I am from Spain and me and my brother both moved out abroad to study 6 years ago, and have not lived there since. My father developed an illness 10 years ago and had to be put in a nursing home. As a result my mother was left with a huge amount of financial pressure (which eventually lead to alcoholism) and has since been struggling hard. She currently has around €50k in personal debt as well as a €100k mortgage on the house with a private company (this was refinance to cover a different mortgage). The interest rate for this loan is in my opinion ridiculous, standing at 12%. She claims she was left with no other choice as no bank would approve her, especially during the pandemic. + +She has now been offered a new mortgage of €180k, at a rate of 9%, to pay for her personal debt and replace the latest mortgage on the house. She is extremely keen on taking this loan and I feel she is not thinking rationally. She claims that once she is able to pay off all the debt, she will be able to focus on that single loan and also work on getting refinancing from the bank with a suitable interest rate once the pandemic settles down. + +The house is in me and my brothers name and is currently valued at around €600k. I am looking into possibly selling the property. Do you have any advice on how we can approach this? +I want to start investing my money monthly really bad. I don’t know why but I have the feeling there is an market crash incoming. If I start now, I will be buying on the top. But if there will never be such an crash I will lose a lot of time. Right now a lot of stocks are at ATH. + +I already waited a long time. Made a solid investment pie. Got an dividend goal set. Just this thought holding me back on going all in. + +Do you guys also think there is something going to happen or am I sounding paranoid? Please do be honest. +We've been saying this for years now - Systems are getting stronger. Gone are the days when you could misreport income. The Income Tax Department has tons of information now. + +A lot of people have been receiving an SMS from the Income Tax Department. We've seen the messages come through since yesterday (28 March 2021) + + +>The Income Tax Department has identified high value information which does not appear to be in line with the Income Tax Return filed for Assessment Year 2020-21 (relating to FY 2019-20). Please revise ITR / submit online response under e-Campaign tab on Compliance Portal (CP). Access CP by logging into e-filing portal and clicking on 'Compliance Portal' link under 'My Account' or 'Compliance' tab - ITD + +If you have received such a notice - fret not. Most people who have received this notice have missed reporting Savings Account interest or Fixed Deposit interest. + +If you received this notice, it's probably because you or your advisor forgot to include said income in your ITR for FY 2019-20. + +**Compliance Portal** + +Here's what shows up in the compliance portal: [https://www.thegalacticadvisors.com/post/received-high-value-information-income-tax](https://www.thegalacticadvisors.com/post/received-high-value-information-income-tax) + +**What do you need to do?** + +If you did miss showing interest on fixed deposits and savings accounts, move quickly. You have till 31 March 2021 to revise your ITR. You may also have an additional tax liability because of this. +You want to know how I know? + +Look at the borrow rates starting to increase. + +Look at all the shills come out making posts about how we need to not push apes to DRS. + +LOOK AT THE LAST 2 QUARTERLY EARNINGS REPORTS. GameStop would never add that if it didn’t mean anything. + +DRS your fucking shares and let’s finish this shit. + +XXX shares DRS’d in November. Buying more on computershare every 2 weeks. + +LETS FUCKING GO!!!! + + + +I’m an undergrad whose interested in quantitative finance and mathematics related to the field. I don’t know all of the topics that are covered in quant finance, but I would assume most of it could be covered in a mathematical finance book, however the books I have looked up are rather advanced and theoretical. + +Do any of you have a good recommendation on books/resources as an introduction to quantitative finance related math topics and mathematical finance? My background is in calculus 1-3, and linear algebra, as well as statistics from probability theory to inference. I also know a bit about regression (simple linear and multiple). +This is the #1 piece of FUD I’ve seen for the last 12 months and it’s just been blown to bits. I’ve been all-in on GME since Jan 20, 2021 and every week I see a post or comment either begging for or asking why not has a long whale just come in and blown up the hedgies positions (implying that because it hasn’t happened, the squeeze isn’t real). + +It’s because they’re not allowed to do so by the SEC due to mArKeT mAniPuLaTioN. + +Charles Gradante in his awesome tirade explains that retail, since we’re all just individual investors, were (and are) able to just keep buying and buying more shares and calls, which Melvin and other hedgies hedged by buying more shares, hoping the buying would eventually stop, but retail just kept buying more and more as the hedging raised the price more and more, death spiral infinity loop to Oort Cloud. + +We were allowed to do it because the SEC can’t act unilaterally on millions of people simply buying a stock and options on that stock, it’s completely legal and normal market activity. So instead, the market makers, Shitadel especially, used their influence and power to get brokers to turn off the buy button. + +Then the SEC and Congressional Finance Committee launched BS investigations that completely avoided talking about the real issues and instead talked about RETAIL needing to be regulated, rather than rightly pointing the finger at the market makers who abuse their privileges to swing the market to their whim and advantage. + +So, at least from all this, we can finally put to bed the FUD idea that the squeeze isn’t going to happen because otherwise long hedge funds would just have blown up the whole situation by now. We now know they’re not allowed to and we simply have to continue holding, buying, DRSing, and also playing smart options (far-dated near the money or in the money calls) because THAT is the exact recipe that led to last year’s sneeze, and will ultimately lead us to the short squeeze. + +This January, the end of **this month**, we’re heading into the same conditions as last year but with a fraction of the liquidity, which means the price is WAY more volatile on MINISCULE volume. We’re seeing 10% upswings and downswings on less than 5 million volume. Do you not realize how fucking insane this is? + +Last year, that 10% price swing would take 50 million volume or more. If you were around last February, you remember that we used to forecast “slow days” by measuring if we got less than a million volume in the FIRST MINUTE OF TRADING. Now we’re lucky to see a million volume by LUNCH some days. + +300,000 puts are going to expire this month that the hedgies have been using for a year to manipulate this stock down like sandbags on a hot air balloon. When those expire, the ropes are going to get cut, buying will start in order to roll forward their short positions, but the lack of liquidity is going to cause high price increases on very low volume, leading to a lot of the calls retail is holding going ITM, some of which are going to be exercised leading to more share buying by hedgies, leading to more low-volume price increases, and so on and so forth. + +I didn’t intend for this to turn into a rant about all this. The bottom line is, by holding onto our positions and relentlessly increasing the pressure on them this past year by continuing to buy, hold, DRS, and buy far-dated calls, **we are smoking them out**. It is unprecedented that retail has organized (legally) to fuck over this short position and manipulation because a community like this has never existed before sharing in-depth market information and data for months on end. They never thought we would hold past February so they just kept doubling down again and again. + +The longer they wait, the more expensive it becomes for them to delay closing their positions. We are winning ever so slowly and a catalyst from our company will eventually be the match that blows up this powder-keg. + +Every short squeeze ever begins with a major shorting attack to force the price down as much as possible so they can begin to cover for as cheaply as they can to reduce exposure. One day they’re going to fail to reduce that exposure significantly enough and MOASS will begin. I’m jacked to the tits because I believe that “one day” may very well be at the end of this month. Us being at $130 right now is simply the calm before the storm. + +Edit: after hours GME go REEEEEE. Feeling pretty good about that last line now. +Why on earth would being a moderator of a sub on a website give you a power trip. You need to get your head out of your ass and back down in reality and do the right thing, step down. Don’t shit on everything everyone has contributed to this sub for your own ego trip. You made a mistake. Make it as right as you can moving forward. +Again, the world's major chip and semiconductor companies are watching the conflict closely as the Russian invasion of Ukraine will likely hamper the supply of neon. + +Neon is used in lithography to make microchips. + +Currently it appears the larger chip manufacturers have plenty in reserve but are worried that if the conflict escalates or is prolonged then again, the industry will suffer as a whole. + +https://www.wired.co.uk/article/ukraine-chip-shortage-neon + +https://www.reuters.com/breakingviews/ukraine-war-flashes-neon-warning-lights-chips-2022-02-24/ + +Edit: removed insensitive sentence. +How do I stay away from getting scammed while buying a property? + +My family is buying our first home. We found the agent online & he showed us few flats. We liked one and did some negotiation & now have a good price for it but I'm a bit sceptical because we found the agent online & I've been scammed once before (It wasn't related to property & wasn't a very big amount either but it was enough to make me paranoid) + +Here's some info on the flat: +The ones selling are the first owner of the flat. A little bit of their loan is still remaining which they will clear from the money we give. + +Any help would be very appreciated. Thank you! +This thread is the direct continuation of my previous entry, which you can find [here](https://www.reddit.com/r/Forex/comments/hlcsvz/25_years_and_145_backtested_trades_later/). I have the feeling my rambles may be long, so I'm not going to repeat anything I already said in my previous post for the sake of keeping this brief. + +**What is this?** + +I am backtesting the strategy shared by ParallaxFx. I have just completed my second run of testing, and I am here to share my results with those who are interested. If you want to read more about the strategy, go to my previous thread where I linked it. + +**What changed?** + +Instead of using a fixed target of the -100.0 Fibonacci extension, I tracked both the -61.8 and the -100.0 targets. ParallaxFx used the -61.8 as a target, but never tried the second one, so I wanted to compare the two and see what happens. + +**Where can I see your backtested result?** + +I am going to do something I hope I won't regret and share the link to my spreadsheet. Hopefully I won't be doxxed, but I think I should be fine. You can find my spreadsheet at [this](https://docs.google.com/spreadsheets/d/1WMOoMlc11PAN21rP4rhAv8r4xXL9pdllWYmjXpLcPBA/edit?usp=sharing) link. There are a lot of entries, so it may take a while for them to load. In the "Trades" tab, you will find every trade I backtested with an attached screenshot and the results it would have had with the extended and the unextended target. You can see the **UNCOMPOUNDED** equity curve in the Summary tab, together with the overall statistics for the system. + +**What was the sample size?** + +I backtested on the Daily chart, from January 2017 to December 2019, over 28 currency pairs. I took a total of 310 trades - although keep in mind that every position is most often composed by two entries, meaning that you can roughly halve this number. + +**What is the bottom line?** + +If you're not interested in the details, here are the stats of the strategy based on how I traded it. + +* **Extended:** 223.46 R of return, 2.34 of profit factor, 0.72 R of expected value, 46.13% winrate. The average win is 2.72 R while the average loss is -1.00 R. + +* **Unextended:** 172.20 R of return, 2.19 of profit factor, 0.56 R of expected value, 53.23% winrate. The average win is 1.92 R while the average loss is -1.00 R. + +* The highest drawdown for both systems was 18 R. This seems like a lot, but remember you're splitting risk in half. + +[Here](https://imgur.com/zSHLKLt) you can see the two uncompounded equity curves side by side: red is unextended and blue is extended. + +**Who wins?** + +The test suggests the strategy to be more profitable with the extended target. In addition, most of the trades that reached the unextended target but reversed before reaching the extended, were trades that I would have most likely not have taken with the extented target. This is because there was a resistance/support area in the way of the -100.0 extension level, but there was enough room for price to reach the -61.8 level. + +I will probably trade this strategy using the -100.0 level as target, unless there is an area in the way. In that case I will go for the unextended target. + +**Drawdown management** + +The expected losing streak for this system, using the extended target, is 7 trades in a row in a sample size of 100 trades. My goal is to have a drawdown cap of 4%, so my risk per trade will be 0.54%. If I ever find myself in a losing streak of more than 8 trades, I will reduce my risk per trade further. + +**What's next?** + +I'll be taking this strategy live. The wisest move would be to repeat the same testing over lower timeframes to verify the edge plays out there as well, but I would not be able to trust my results because I would have vague memories of where price went because of the testing I just did. I also believe markets are fractals, so I see no reason why this wouldn't work on lower timeframes. + +Before going live, I will expand this spreadsheet to include more specific analysis and I will continue backtesting at a slower pace. The goal is to reach 20 years of backtesting over these 28 pairs and put everything into this spreadsheet. It's not something I will do overnight, but I'll probably do one year every odd day, and maybe a couple more during the weekend. + +I think I don't have much else to add. I like the strategy. Feel free to ask questions. +Im completely devastated. I honestly have no idea how or when my metamask or laptop got compromised. To think i was planning to get a hardware wallet. Not even in the mood to write anything. My life was already going backwards and now this. Any ideas on what i should do. Also If someone can shed some light on the situation.All the transaction on the 12th of July werent mine. + + + +My wallet: + + +https://etherscan.io/address/0x1ae31f08f63df72b1e15e2ecbb937f132776c422 + + +The wallet they were sent to: + + +https://etherscan.io/address/0xb60a8d6a25e50da0ad0213bd2c1302db9dfe508d#tokentxns + +Edit: + + +My metamask of the compromised wallet doesnt show any transaction history related to the transactions on the 12th. Which means someone most likely got my seedphrase and used their own device to drain my wallet. + + +On top of the 88k usd just when coming to terms with the situation + +I didnt notice i had an additional 13k busd stable coins from bsc smartchain=stolen + +Avalanche network on metmask 12.5k usdc.e stable coin=stolen + +So sucked dry of a total of about 113.5Kusd. Saved what i could save. + +Wallet they were sent to +https://bscscan.com/address/0xb60a8d6a25e50da0ad0213bd2c1302db9dfe508d + +https://snowtrace.io/address/0xbac00ff4628f54a35a2ac107bf38060536125dba +Has anyone noticed that pretty much *every single important financial dapp* gets built upon Ethereum, including two stable coin announcements just today ([[1]](https://www.forbes.com/sites/astanley/2018/09/10/new-york-dfs-greenlights-paxos-ethereum-based-stablecoin/#5bee2f21520c), [[2]](https://www.forbes.com/sites/michaeldelcastillo/2018/09/07/winklevoss-brothers-launch-ethereum-token-backed-by-us-dollars/#34ef0247e1f6))? Name another network that comes even close. The "competition" can't touch this kind of network effect, and the value of that effect is only going to compound over time (especially as dapps become interoperable with one another), even through this bear market. While some investors are panicking, the developers keep building. Ethereum will decentralize many existing forms of economic activity, and more importantly, create entirely new forms of economic activity that were never before possible. + +That activity is hardly limited to stable coins- although Ethereum boasts the first truly decentralized stable coin (Maker Dai). It also now hosts tokenized gold (Digix), decentralized exchanges (0x-powered, etc.), fungible asset tokens (almost all ERC-20 / ICO tokens), all sorts of non-fungible property tokens (CryptoKitties, Major League Baseball collectibles, Gods Unchained and Zombie Battleground collectible gaming cards), etc. The list goes on, and on. And it's literally just getting started. + +*We're at a (temporary) point where a lot of people don't really understand Ethereum, ETH, or its true value proposition.* Some of those people have bought and since sold their ETH. Probably because it's a lot more complicated (and useful) than most projects in this space, with a narrative that may not be easy to understand. "Digital gold" is easy to understand, so is "privacy coin," heck, even "bank settlement coin" (even though XRP has no shot at delivering this, in my opinion). + +But the "world's shared computer" is hard to understand. And what are "trust machines" and "asset ledgers"? What the hell is a "smart contract"? And isn't "digital oil" you convert into "gas" something you consume and burn that is bad for the environment- why hold it? + +*We haven't done a great job with the branding of this thing,* probably because this idea is so revolutionary, it's hard to grasp and explain. And perhaps because so many good people in this community are focused on actually building stuff, rather than trying to hype it. Meanwhile in other crypto communities, *all you have* are people working to create hype, because the assets they're promoting serve no purpose. + +And that's fine, but after these fires have burned out, some of us will work to retake the narrative around ETH from *Other Coin Maximalists* who have attempted to falsely reduce ETH's value proposition to being a "simple utility shitcoin" and continue to wage what I can only call a coordinated FUD campaign. *And they only feel emboldened to do so because they see Ethereum as a legitimate threat, and are frightened by what this increased economic activity on Ethereum will mean for their own coins.* + +For those that don't get it, [ETH could be very valuable in the future and the keystone to an entire decentralized economy,](https://www.reddit.com/r/ethtrader/comments/7mwbbc/will_proof_of_stake_turn_eth_into_the_best_store/) especially as the network transitions to Proof of Stake, where the price of Ether will be directly correlated with Ethereum network security. And with supply inflation that is close to zero or possibly even negative, it *could possibly become the world's best decentralized store of value*. Seeing these financial dapps continue to build upon Ethereum, even in the depths of this bear market only reinforces one important point to me: + +***Ether (ETH) will become the native currency of the internet- it's going to power Web 3.0, and it will be the central pillar of an entirely new, decentralized economy that has never been possible before- all built on top of the Ethereum network.*** + +The next cycle in crypto will show us just how important this innovation will be, even beyond ICO-fundraising, which in of itself was an important use case that was never before possible at scale. Of course there are risks that this may not happen, but name one project that has a better shot at it than Ethereum? I think the world ~~wants~~ needs this type of decentralized finance, and in the coming years, you will watch Ethereum deliver it. + +Call this "hopium" if you want, but I'll call it *focusing on fundamentals* in a crypto-sphere that seems almost entirely devoid of all fundamentals, save for a couple of projects. Run for the exits if you need to, selling off your long term holdings and opening your shorts, but in your panic / greed, I'll be buying your cheap ETH once the dust starts to settle. For those of you who chose to hold through this, remember to keep the long term picture in mind- you will likely be rewarded as a new day of decentralized finance dawns. + We've seen quite a fall in the pound against the dollar since the start of the year which is something quite worrying considering that we are quite an import-dependant nation. In my mind, these recent falls are pretty clearly linked to energy. Firstly, we import a lot if it (paying in dollars of course) and secondly look at what's happened to the Euro - same crisis, same effect. This is not only a UK problem. And only yesterday Deutsche suggested sterling might have to fall 30%. + +So, considering that we might see a fall in sterling, what should I move some money into? I have considered buying dollars but I'm sure there are better options out there. +My mortgage rate on my personal home is only 2.75% so I figure to invest this money rather than pay down my mortgage. The issue is that it's so hard to find anything that cash flows now. I guess I could buy a property and hopefully keep riding appreciation, and meanwhile the renter would be paying down that mortgage. What would you do and what should I look for? I'm worried about being able to qualify for another mortgage since my DTI is pretty much maxed; I know the lender can include some of the future rental income to help. Or I can just throw it in the market and make on avg 7-8% for awhile. +> Google is exploring an investment in Vodafone’s struggling India business in a move that could pit the US internet group in a battle against Facebook for the world’s fastest-growing mobile market, according to people familiar with the matter. + +>One of the people said Google was considering buying stake of about 5 per cent in Vodafone Idea, a partnership between the UK telecoms company and India's Aditya Birla Group that has been under severe financial strain. Another said the process was at a very early stage. + +>Any push by the Silicon Valley-based company into India would come against a backdrop of intense interest in the country’s booming mobile sector. Reliance Industries’ Jio — owned by Asia’s richest man Mukesh Ambani — has in recent weeks secured more than $10bn in investment from Facebook and private equity groups including KKR, General Atlantic, Vista Equity Partners and Silver Lake. + +>Google parent Alphabet has also held talks about acquiring a stake in Jio, and although discussions are still ongoing, it has lagged behind its rival in securing a deal. Pursuing Vodafone Idea would potentially pit Google against Facebook and an increasingly dominant Jio but the company could also make multiple investments in India. + +>Google’s effort to follow Facebook in securing a foothold in India highlights the appeal of the country, where telecom operators enjoy hundreds of millions of subscribers each. + +>Jio was able to attract this money [into India] first; now everyone else wants to play catch-up Anshuman Mishra + + +>Even as India’s two-month coronavirus lockdown upends economic activity, many of these users are consuming more mobile data than ever before and turning to services such as digital payments and online shopping in increasing numbers. + +>But US companies have faced competition from Chinese investors. Rising anti-Beijing sentiment in India linked to coronavirus prompted New Delhi last month to tighten restrictions on Chinese foreign direct investment. + +>“There aren’t that many options for big foreign tech companies to invest in India,” said Anshuman Mishra, who advises Asian corporations on strategy. “Jio was able to attract this money first; now everyone else wants to play catch-up.”  + +>Google has long harboured ambitions for India. It has pushed its Android mobile operating system in the country, though an effort to launch a version tailored for emerging markets had mixed success. But its mobile payments service has grown rapidly since its 2017 launch in India, becoming one of the most popular in a crowded field. + + +https://www.ft.com/content/3f763918-d0b1-4a02-a581-e241753c75eb + Due to limitations of text size, I am posting the entire summary as one post. (edit: I thank the moderators for directing post-budget discussions to this thread.) + +# Budget highlights + +## Part A + +Unless otherwise mentioned, the statements are paraphrases of the speech of the FM. (comments from me are in brackets) + +## Context + +&#x200B; + +* Budget reflects our commitment to the people of India +* /list of the usual suspects of the focus of the government +* Cleanup of bank NPAs and recapitalization +* GST gets the Centre and States to work together for the nation as a whole +* Average household saves about 4% of the monthly budget due to reduced rates - overall 1 lakh crore of benefit +* /Big numbers quoted on the stats of GST +* Between 2006 and 2016, India lifted more than 27 cr people out of poverty +* Central govt debt has come down to 48% of GDP (from 52% 5 years ago) +* Budget is presented amidst two mega trends - Proliferation of technology, and High percentage of working age population +* Three themes:  "Aspirational India",  "Economic development - for all",  "Caring Society - both humane and compassionate" +* <missed the part on indices +* /Kashmiri verse  - sole vatan gulmohar...   Our nation is like the blossomingShalimar gardens,   bloming lotus in Dal lake,  thh bllod of youth...     My nation, your nation, our nation - most beloved in the world" + +## Aspirational India theme + +## Agriculture, irrigation, rural dev + +&#x200B; + +* Committed to double farmer income by 2022  (Note: This is farmer income, not farm income or food income) +* Encourage state governments to undertake model laws introduced by the centre -   contract farming, APMC, livestock promotion  +* **20 lac farmers to be helped for standalone solar farms - on shallow or barren land**, another 15 lac to use solar powered pumpsets to feed the grid +* Balanced use of all kinds of fertilizers - going away from the excessive use of chemical fertilizers +* /Poem from Avvaiyar - "Bhoomi Thiruthi Unn"   -  Tend to your land and get feed from it +* Efficient warehouses at block and taluk level  - in PPP model;  FCI and CWC would also build more +* **Woman SHGs to be encourage in building seed bank** +* IR would have refrigerated coaches for precious goods;  cargo flights focused on agri produce +* Horticultural production - 300+ million tones - produces more than agri sector    -   Focus one product in one district +* Strengthen organic produce +* Double milk production +* Agri credit availability to be enhanced + +&#x200B; + +* More SHGs for alleviation of property + +&#x200B; + +* 2.83 lac crore + 1.3 lac crore overall allocation + +## Wellness, water and sanitation + +&#x200B; + +* Priority to aspirational districts to build AB hospitals +* Proceeds from tax on medical devices to be used for hospitals +* Indradanush to cover 12 more vaccines +* **Committed to ODF Plus, to sustain behavioural aspects** +* 3.6 lac crore for Jal Jeevan - piped water to all homes + +## Education and skills + +&#x200B; + +* India will have world's largest working age population by 2030 +* NEP to available soon +* **ECB and FDI to be allowed in education** +* 150 higher ed institutions to start apprentice linked degree and diploma courses by 2021 +* Local bodies to provide internship to to fresh graduates for 1 year +* Full fledged, online degree programs - only from top 100 in NIRF - for the poor +* **An IndSAT exam in Asia and African countries** +* Police and Forensic Science universities +* Medical college to be attached to district hospitals - viability gap funding to be extended +* Large hospitals can offer DNB and FNB to resident doctors +* 99,300 cr for education and 3,000 cr in skill development for nursing, caregivers, etc. + +## Economic Development + +## Industry, commerce, trade + +&#x200B; + +* Words from Indus scripts - Guild, Wholesale merchant, Assayer of metals, Black smith, tin smith - show long tradition of industry and trade +* Entrepreneurship has always been the strength of India +* Investment clearance cell for end-to-end facilitation +* 5 new smart cities focused on industry +* Further measures for mobile phone assembly, semiconductor boards, electronics, etc. +* Look to reverse the tide of import of technical textiles +* All ministires would be issuing quality control orders +* **Better insurance and refund mechanisms for small scale exporters** +* Every district to be an export hub +* GEM to be expanded further - 3.24 lac vendors already on platform +* 27.3 k crore for the sector + +## Infrastructure  + +&#x200B; + +* National Infrastructural Pipeline (announced earlier too) +* Project preparation facility to involve young engineers and MBAs +* National Logistics Policy to be announced soon +* Accelerated development of hihgways - 2,500 km of access control highways, 9000 km of economic corridor +* **Delhi-Mumbai to be completed by 2023;**  Chennai - Bengaluru to be started soon +* More Tejas like trains; continuation of other recent initiatives +* **140+km suburban rail for Bangalore on metro model**    (Good job Tejasvi Surya!) +* 1.7 lac crore for transportation +* One port to be taken up for privatization +* Smart metering proposed for electricity - goal is 3 years +* More measures to reform discoms +* Moe work on pipelines, gas grid +* 22k cr for power and renewables + +## New Economy + +&#x200B; + +* **Private sector to build data center parks** +* BharatNet to cover 1 lac gram panchayats +* Digital platform for IP +* 8000 cr over 5 years for quantum tech + +## Caring Society + +## Women and Child welfare + +&#x200B; + +* **Across all levels - Gross enrollment ratio of girls is higher than boys** \- 94.3 for girls vs 88-odd for boys   (lots of noise from the opposition on the mention of Beti Padao...) +* Poshan Abhiyan to be strengthened further - 6lac anganwadi workers equipped with smartphones to track health parameters of 10 cr households +* Task force to increase age of women entering mothehood +* 28.5 k crore for programmes specific to women +* 35.6 k crore for nutrition programmes +* Eliminate manual cleaning of septic tanks +* Numbers for specific communities and groups + +## Culture and tourism + +&#x200B; + +* Institute of heritage - deemed university +* 5 arch sites to be developes as iconic sites - Rakhigarhi, Hastinapur, Shivsagar (Assam), Dholavira,  Adhichanallur (TN) +* Mint building to have Numismatics museum +* Maritime museum at Lothal +* 3k cr for Culture +* Rank from 65 to 38 in travel index +* 2500 cr for tourism development + +## Environment and climate change + +&#x200B; + +* India to implement commitments - given under Paris accord - from 1.1.21 +* Advice to close older high-emission plants and re-use land +* Encourage states to implement Clean Air acts in cities over 10 lac in population +* Expectedly one quote from Thirvalluvar -  Jewwls of a good country -  Health, Wealth, Food production, Happiness, Security ans safety +* (associated programmes with each of these jewels...) + +Two hands would hold these themes - Governance and Financial Sector + +## Governance  + +&#x200B; + +* (a few political points) +* Efficiency and fairness of tax adminsitration +* Taxpayer charter to be included in the laws +* Amendments in Companies Act to decriminalize civil violations +* **National Recruiting Agency for non-gazetted officer posts** +* Strengthening of Contract Act +* Improvement in Statistical Institutions - new National Policy on Official Statistics +* India would be G20 president in 2022 - seek to drive global development agenda +* 37k crore for UTs + +## Financial Sector + +&#x200B; + +* 3.5 lac crore infusion in the past for bank capital +* Some PSB may go to capital markets +* Mechanism to monitor health of all scheduled commercial banks  (Note>  Not +* **Deposit insurance coverage to go up to 5 lac per depositor** +* Debt recovery thresholds reduced for NBFC +* Balance govt holding in IDBI to be sold off to private players +* **Universal pension coverage would have auto enrollment** (further info to be awaited on this) +* Amendments to PFRDA - separation of NPS trust of govt model from PFRDA +* NBFCs can extend invoice financing for MSMEs +* Scheme to provide subordinate debt for entrepreneurs of MSMEs  -  would be quasi equity +* 5 lac MSMEs have benefited from debt restrucuring last year - window to be extended till Mar 2021 +* App based invoiced financing loans +* Certain categories of govt bonds would be available for foreigners +* Legislation to strengthen credit default swaps +* FPI in corporate debt to be raised to 15% +* **More debt ETFs - government securities** +* Measures to further improve liquidity of NBFCs +* GIFT city - strengthened further - would have bullion exchange +* **LIC to have IPO** +* 15th Finance commission has given its first report - most have been accepted - final report to be presented later this year +* Balances in GST to be transferred to GST compensation funds +* Budget annexure has list of non-sheet debts used to fund expenses; servicing of interest on these are done from CFI + +## Fiscal Numbers + +&#x200B; + +* 19,32 lac crore of receipts so far +* Nominal growth estimated at 10% +* Receipt of 22+ lac crores +* Expenditure at 30.42 lac crores +* **Fiscal deficit estimated at 3.8%  (3.5% for next year)** +* In line with trigger mechanism of FRBM act - Section 4(3) +* Net market borrowing 4.9 lac crore - 5.3+ lac crore for next year +* Capex being increased by 21% + +## Part B - Taxation measures + +## Direct Taxes + +&#x200B; + +* /Kalidasa quoted now - Prajanam Eva ...  - Sun collects vapours from little drops of water and give backs copiously... So does the king... +* Measures would stimulate growth + +## Personal Income Tax + +&#x200B; + +* Proposal for simplified taxes - **lower rates if you forego exemptions** +* Zero tax till 5 lac +* 10% for income upto 7.5 lac +* 15% for 7.5 to 10 lac +* 20% for 10 lac to 12.5 lac +* 25% for 12.5 lac to 15 lac +* <these are without exemptions. no info yet on which exemptions go away> + +* <examples give benefit even for people maxing out 80c> +* New regime is voluntary +* (this is in line with many OECD countries) +* Prefilling of returns for new tax regime +* More than 100 deductions and exemptions now - have removed 70 of them in the new regime +* Would review and rationalize the others too + +## DDT + +&#x200B; + +* No DDT for companies. Investors would pay tax at their rates (not known if it would be marginal rate) +* Estimated revenue loss is 25K crore + +## Indirect Taxes + +&#x200B; + +* Power companies to get new lower tax rates +* Extension of concessions on various taxes... +* ESOPs to have deferred tax payments - benefit tax to be levied after 5 years, or on sale or exit... +* 100% exemption for foreign sovereign funds investing in infra +* Co-operative societies to have an option to get 22% tax - like corporates; also exemption from MAT +* Audit threshold increased to 5 cr based on turnover for some MSMEs  - but only if you do less than 5% transactions in cash +* Tax holiday for developers of affordable housing till Mar 21 +* Interest exemption extended for 1 year +* 80G to be eased further - pre-fill of information +* Centralized, online registration for charitable institutions +* "Vivaas Se Vishwas Scheme" - to reduce tax disputes    - 4.83 appeals pending now - tax payer to pay only the disputed tax and not penalties and interest - till 31 Mar 2020 +* CBDT would issue a taxpayer charter +* Instant PAN through Aadhaar + +## GST + +&#x200B; + +* Many ease-of-use measures on indirect taxes and GST +* Aadhaar based verification of GST registrations +* AI and data analytics to catch fraud in Input Tax Credit + +## Customs + +&#x200B; + +* Specific measures to curb FTA misues +* Additional health cess on import of medical equipment +Even within economic circles, there is a growing nervousness that the Federal Reserve, the central bank of the United States – with the power to electronically create money out of thin air, bail out insolvent Wall Street megabanks, balloon its balance sheet to $8.8 trillion without one elected person on its Board while the U.S. taxpayer is on the hook for 98 percent of that, + +and allow its Dallas Fed Bank President to make directional bets on the market by trading in and out of million dollar S&amp;P 500 futures during a declared national emergency – has carved out a no-law zone around itself. + +Source: wall street on parade dot com (one word) +Hey everyone, + +&#x200B; + +So lately money has been pretty tight for me, I lost my job a few months ago and have been trying to uber full time to keep up payments, but its been an uphill road. Recently I posted on Craigslist attempting to sell my Switch and XboxOne, and made a deal with someone where they claimed they'd be sending me a check in the mail... + +&#x200B; + +So when UPS showed up with an envelope I wasn't surprised. However, this check is written by the **Harama Entertainment Corp**, for $1,550. I was only selling the consoles for $450 total. Does anyone have any idea where this could have come from? Is it safe to deposit? The check had no context attached to it, just the oversized UPS express envelope. This seems a little too good to be true... + +**UPDATE:** /u/SirGlass hit it right on the money, the buyer wants me to "hold" the cash until his "shipper" can pick up the Switch and the extra money in the check. I'm shredding the check and relisting my consoles asking for cash only next time. I really was trying to talk myself into thinking this could be my debt relief, but this is clearly a scam. Thanks to everyone for keeping me sane. + +**EDIT 2:** For those asking how anyone could fall for a scam like this or even consider it, it's a mixture of desperation and feeling ignorant about banking matters. As a student with bills being automatic and rent going through venmo I didn't immediately see the check as a red flag, just an "older" way of paying for things. Also when everyone else was trying to lowball me, this guy offers me the asking price which made me want to deal with him. Honestly if the check had been the exact amount and not $1,100 more I probably would have just went straight to the bank. +As a part of a broader Reddit investment tool that I'm putting together, I couldn't help notice a trend. pulling out the top 20 DD posts by up votes (tickers below) only three stocks have actually made gains and only one over 5% (pongf). + +&#x200B; + +Obviously do your own DD, but it appears that popular pennystock dd this year has been more of a signal of when a stock has gotten popular based on previous gains than what its going to do in the future. + +&#x200B; + +I plan on doing more digging into the top 200 dd posts, but through about 40 the results are holding. + +&#x200B; + +I know occasionally the sub worries about dd posts from pumpers, but really it looks like the DD is coming right about the bagholding stage as the stock starts to slip. + +&#x200B; + +Tickers + +zsan + + + +CTXR + + + +tloff + + + +sngx + + + +ASRT + + + +CTRM + + + +KTRA + + + +PULM + + + +NVCN + + + +LPCN + + + +RIGL + + + +HITI + + + +ATOS + + + +INIS + + + +pongf + + + +pstv + + + +msnvf + + + +ssft + + + +rxmd + + + +iqst + + + +sgmd +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 +I'm from Kenya but have lived in the U.S. and now Southern Ireland (Rep. of Ireland). My dad who is 50 says that when he was growing up in the 80s, he remembers how Ireland was always seen as a pretty poor and violent country in Western Europe. + +&#x200B; + +In less than a decade, it's gone from very poor to even doing better when it comes to GDP per capita than the UK. +At one point Sally's Beauty Supply would only sell to licensed cosmetologists. Later they changed their business model and opened to the public. It seems like that has dramatically increased their sales. Still though you have suppliers like SalonCentric who will only sell to professionals. + +The you have particular brands like Pulp Riot which only allow their products to be sold in professional only warehouses. They go so far as to included tracking measures to stop licensed buyers from reselling their products online. + +I understand that exclusivity can increase price points, but that seems like it should be limited to very expensive, hard to manufacture goods. Pulp riot products range from $8-32. Wouldn't selling to everyone drastically increase overall profits of moderately prices goods? It not like hair dye is a very expensive or difficult product to manufacture. How do these companies financially justify limiting their circle of consumers so much? Is it a liability issue? Some of their products can harm people if misused? Couldn't insurance and strict warning labels offset the risk of lawsuits if that's the case? + +I don't really care that they limit their sales, I'm just curious about the why! It doesn't seem like "exclusivity" for a $15 is good business. It seems like their company is only worth $11 million at this point. If it's a liability issue, why not mass market *consumer grade products* with their trademark? +For those out of the loop. + +Binance is the no 1 largest crypto exchange in the world. FTX is (or was) the no 2 largest crypto exchange. FTX issues a shit coin called FTT. Binance held a very large amount of FTT (because the crypto world is insanely incestuous) + +CZ, the CEO of Binance, tweeted out that they would unwind the FTT position they held which was quite large, because CZ said FTX's books were suspect. Sam Bankman- ~~Fraud~~ Fried (SBF) , the CEO of FTX, tweeted out that all was fine, no problems, they had the capital to back up FTT. + +A week later SBF admitted that FTX was insolvent and begged CZ to bail them out. CZ said Binance would absorb FTX's holdings. Then CZ got a look at the books and changed his mind, letting FTX and SBF to twist in the wind. FTT was trading in the 30 dollar range last month, now its worth $3 but you would be insane to buy it. If someone offered you the coins for free, run. + +These valuations of crypto companies are f-ing insane. There is largely nothing there. EVery company and every crypto exchange is "collateralized" by buying and selling other crypto companies shit coins and imaginary crypto "assets". Its all a big incestuous shell game and somehow Bloomberg and the entire financial press buys into it. + +Stay FAR FAR FAR away from crypto nonsense. Its chock full of thieves, liars and con men. I mean a teacher union invested in this bul--hit! + +>Fortune: Tom Brady and other super wealthy investors lost big money in the FTX crypto collapse. **Ontario Teachers’ Pension Plan also invested in FTX**. + +https://fortune.com/2022/11/09/tom-brady-ftx-crypto-collapse-lost-investment/ +I came across [this article](https://www.wsj.com/articles/buy-borrow-die-how-rich-americans-live-off-their-paper-wealth-11625909583) ([non-paywall link](https://archive.is/pVrcG)) in the WSJ today. It outlines a strategy often talked about on r/fatFIRE where folks will take loans against their portfolio at very low rates to avoid taxes. + +&#x200B; + +The examples the writer used was allowing founders/CEOs tap into their wealth without selling their shares and losing voting control. However, the writer missed the step-up in basis treatment of these gains on death. + +&#x200B; + +I didn't find anything in the article that wasn't normally discussed in this sub but thought it was interesting as it's finally getting more exposure. +Title says it. I’m 35 with 3.5m. Nowhere near fatfire territory yet but my income increased significantly last year to 7 figures so I might be there in next 5-10 years + +I have a partner with a NW much lower than mine- and I don’t know details because we don’t really discuss finances in details and we have separate budgets. Marriage is not on the cards for the moment (and i’m not in a common law state) but if the time comes, I would like to have a prenup. But I’m not sure how you would pitch it to your partner + +Asking this here rather than in the relationship sub, because rather than a broad relationship advice, I’m looking for advice on how to specifically discuss prenup. And frankly people here would be better positioned to discuss this from a practical perspective, as opposed to another forum where I might see comments from bunch of people with strong opinions about prenup but little experience in practice +2020 has been a strange and stressful year for us all but with the lockdown and covid we have all had a lot more spare time for ourselves. + +Much to the dismay of my girlfriend I spent most of the last year investing in cryptocurrency and pokemon cards. Endless nights staring at charts or bidding on ebay have paid off though and incredibly I have managed to earn more than I have from my entire career as an engineer. + +I'm hoping she will forgive me for "wasting my time on magic coins and children's toys" when I take her on a nice holiday once the pandemic is over. + +What an age to live in! +Warren Buffett’s Berkshire Hathaway Inc. spent the first quarter building up cash as the coronavirus slowdown started to grip the U.S. + +* Berkshire ended the period with $137 billion of cash, a record for the conglomerate. That was up almost $10 billion from the end of 2019, while the famed investor spent just a net $3.5 billion buying shares of his and other companies. + +### Key Insights + +* Buffett, Berkshire’s chairman and chief executive officer, has been on the hunt for higher-returning investments such as acquisitions or stock purchases for years, but has struggled amid what he called “sky-high” prices. +* Buffett will host Berkshire’s annual meeting virtually on Saturday, starting at 3:45 p.m. in Omaha with key deputy Greg Abel by his side. Buffett’s longtime business partner, Charlie Munger, won’t be in attendance. Follow the TopLive blog here. +* Berkshire’s first-quarter net income plunged to a loss of $49.7 billion, driven by unrealized losses in the massive stock portfolio. +* Berkshire bought $1.8 billion of stocks on a net basis in the period as the market plunged amid widespread fallout from Covid-19. +* Berkshire took a more cautious approach to stock buybacks in the first quarter, repurchasing just $1.7 billion. It spent a [record](https://www.bloomberg.com/news/articles/2020-02-22/buffett-spends-record-2-2-billion-buying-up-berkshire-shares) $2.2 billion on buybacks during the last three months of 2019. + +Source: [https://www.bloomberg.com/news/articles/2020-05-02/buffett-stays-on-the-sidelines-amid-market-tumble-as-cash-climbs](https://www.bloomberg.com/news/articles/2020-05-02/buffett-stays-on-the-sidelines-amid-market-tumble-as-cash-climbs) +My wife and I (no kids) live in Houston TX. I am in oil and gas. She is a successful family law attorney. Here is our info: + +ME: 33yrs - Oil and Gas - Safety Professional - $130k. + + I think it's important to note that this us a relatively high salary for my position, and I would be very hard pressed to find anything close to this. + +HER: 27yrs - Family law attorney - $75k. + +She got lucky finding the firm she is with and she loves it. + + + + + +I've worked with the same company for the last 14 years, however things have not been good lately. After numerous rounds of lay offs, they finally got around to me. However they offered me a transfer instead. If I accept, they expect for me to be moved by mid December. If I dont accept, they will lay me off on Monday and give me a severance of 6 weeks. + + + +My biggest concern in this decision is my wife. She has an amazing stable job which she loves and I really dont think she will adjust well to North Dakota. She loves the sun, the pool, the city, etc. And, her job is very stable compared to mine. Even though I make more money, my company is not doing well. There is a chance that I get moved up to ND and get laid off in 3 months (I dont think I'm exaggerating; however things could improve). The last thing I would want is for us to move, turn her world upside down, give up her stable job, just for me to get laid off in ND. + +As I think on the financial aspect of it, and the risk involved, I believe the best decision would be to take the job in ND. At least in the short term. If I allow myself to get laid off on Monday, I could get another job in 1 week or 6 months (it's an unknown). And there is no telling where the salary would be (it's an unknown). To me it's similar to the old saying, "one in the hand is worth two in the bush". And right now, the job in ND is my one on the hand. + +If I get three more months with the company, that's worth more than 6 weeks of severance. Also, I dont think it's a smart move to willingly be laid off, without a similarly paying job lined up. + +This leads me to my question, what's the best financial and caring thing to do for our family? No decision is easy here. I would appreciate any thoughts you all might have. + + Its probably important for me to note that she is the type of person who will put a smile on her face and say "let's go." She wants to support me. But she has never been to ND. She has never been in weather colder than ~20 degrees. + +The best plan I've come up with is: + +I go to North Dakota, while my wife stays in Houston; at least for 2 or 3 months. During that time I can search for and apply for jobs in Houston. During that time if i get laid off, she still has her job and i can come back. During that time maybe things become more stable and she finds a good job posted in Williston? It's all about trying to buy more time to see which way the wind blows. More time = better decision. The cost is our time together; and I see it as a great cost. It pains me to think of not being together that long. + + +I dont know. But this seems like the most responsible choice, both financially and out of respect for my wife. It breaks my heart to have to think about moving her away from friends and a city and job she loves, all so I can keep my job which is located in a horrible place (subjective) and which is (at this time) an unstable career. + +EDIT: My wife and I have saved up ~6 months worth of expenses. I also believe we could get by on her salary, along with the unemployment without even needing to dip into the emergency fund. That obviously comes at the cost of not contributing to a 401k or her IRA, and other cut backs. But we could do it. + +EDIT 2: I think we have decided that its BEST to not disrupt her job. She is stable. She has a great career. Ultimately my job will change. But ultimately we think we need to keep my wife at her current firm in Houston. + +So ultimately, this means the end goal is to get back to Houston, or a nearby city that she has built up networks. + +If that's the goal, then do I move for three months in while looking for a job? Or do I just stay in Houston, take the lay off, and look for a job? + + +We have about 50k in our emergency fund. + +My severance would be about 9k. Unemployment in Texas lasts for about 4 months, at about $500 per week. + +After everything is said and done, I think we could survive for ~5 months just off of the unemployment and severance, without having to dip into the emergency fund. + +So I guess the ultimate question is, do I go to Williston for 3 months with the intent to look for a job back in Houston? Or do I take the lay off, collect unemployment and hope to find a job in 5months (before using emergency fund)? + +EDIT 3: + +This has been a very emotional 24hrs. One thing is certain, things are going to change. And change can be scary. + +But with everyone's help, I honestly feel like the best decision is to stay in Houston. Take the severance. Apply for unemployment. If I play it right, i could go ~6 months without even dipping into my emergency fund. + +And by staying in Houston, I can stay with my wife. I can attend in person interviews. I can dedicate my self full time to finding another job. + +I dont know if that's the best choice. And I have read great points of view. And I thank everyone so so much. + +This reddit post has taken me from scared and worried, to hopeful. + + +EDIT 4: + +My biggest career positive (on paper) is my experience. Though my lack of a degree has me worried. Been working towards me BA in Occupational Safety, while working. This extra time might also help me push closer to that. I'm not sure if "working towards a degree" carries any weight in an interview or not. We will see. + +Besides that I have the standard OSHA 10 & 30, as well as a Petroleum Safety Specialist and Petroleum Safety Manager certification. + +EDIT 5: + +Tonight really helped us get our heads together. She seems okay and she can tell I'm less stressed, which is what she worries about. + +I reached out to my HR lady and she confirmed that IF I DONT take the transfer, which will result in me being laid off, I'll have Medical until end of month. They will supply me with a "Laid off letter" which states I was not fired but laid off. I have a week of vacation to cash in. Ill get one lump sum of 6 weeks. And Im eligible for unemployment (knew that). + +Tomorrow I will start updating my resume and updating out budget to keep us on track. I will reach out to some recruiters and apply if I see something which catches my eye. Thursday, I'll do it all again. + +This whole ordeal has made me reassess my situation. And my eyes have opened up to the importance of cherishing the simple things. We sat on the coach together kind of crying a little off and on, while watching Disney+. That's the kind of life I want. That's the kind of life I have. Moving away would jeopardize that. And I dont know if I would have realized that if it wasnt for you all. +I've been working on a project that involves implementing blockchain within banks and the one limitation that is stopping major adoption is that the information broadcast on blockchains is fully public. Some people may think that something like ZKSnarks can solve this issue, and on a very small level it can, but the issue with ZKSnarks is that once it is implemented, you can't run computation on the larger data set without having some centralized authority know the data. Enigma provides a solution to this. It allows the privatization of data (like your financial data) while simultaneously allowing the company (or 3rd parties if they pay the owner/owners) to run computation off of that data set. This means that companies can draw conclusions, run correlations, etc. on encrypted and completely private data. The utility of the token is for staking (deposits) and to pay for data/the cost of running computation off of data. I feel like people should seriously be looking into this coin as I believe it is essential for future adoption of blockchain tech and cryptocurrencies at large. +Let's be real, a lot of people here think bitcoin's energy consumption is not a problem, or it's just green people envious that they didn't make money. + +The top rated post now is a post saying that banks consumed 520% more energy than bitcoin, even though the top comments are saying it's a bad argument, there still a lot of people who think the article is right, if you go on Twitter bitcoin maxis are always saying people are dumb because they don't get it how bitcoin is more efficient. Banks processed 200 billions of transactions last year against what, 200 million bitcoin transactions? You don't have to be a genius at math to see that there's no way bitcoin would win if it had the same amount of users and transactions. + +I'm not even getting into the argument that there are millions of people working for banks who likely would be working elsewhere and generating co2 emissions nevertheless. Those people work on different areas that you like it or not, are "features" bitcoin doesn't have, banks transaction output is not necessary related with their co2 emission because they do a lot more than sending money from A to B, you can't say the same about bitcoin, transactions = big energy output. + +"but defi is the future, we don't need banks". You may be right, but if you look at sites like nexo/celsius, they are still companies with employees, they are competing with banks providing lendings, customer supoort, cards and insurance, not bitcoin. And they are doing fine. + +"the media attacks crypto even though most a lot of coins aren't using PoW or will move to something else in the near future". Hmmm, so you are saying there are better solutions out there and still its better to not talk about bitcoin's energy waste? Sorry, but this is just delusional. + +Crypto is at its core pushing technology forward and breaking paradigms, and with more adoption it also comes spotlight. If you look into the crypto space in 5 years and see that most coins and decentralized platforms are using something different than pure PoW, and bitcoin is still using PoW and consuming 10x energy from what it does now, you should think that's there's the possibility governments could act against mining, this year you saw hash rate drop with government-instituted blackouts in China, it wouldn't take much for countries to criminalize PoW mining if bitcoin is the only coin doing that and pretending nothing is happening while shouting "I'm the king". + +TL;DR: bitcoin's PoW is a cow infinitely farting, there shouldn't be negationism in this space about it as everyone else is inserting corks inside their cows butholes. +People, I got a problem. And it ain't Wall Street. It is us. + +STOP with the gloating, stop with the dancing. + +STOP with the borderline harassment (that thread may have already been removed). STOP with the cringe level memes of people you have never met. + +I understand your excitement, the idea that you and others like you are about to flip the table. Remember that when the squeeze has squozen, a lot of people are going to be *wiped out*. It isn't just The Man From Bulgaria and Citadel Dude who are going to be in trouble. People who aren't even aware of WallSteetBets and shit are going to lose **everything**. This could be like the 2008 crash. People divorced. They lost their jobs. Their homes. Some *commited suicide*. Most had no understanding of why or how. + +Memes are memes, but the scope of the MOASS is immense. Have fun, but remember to **take it seriously**. All you have to do to not fuck this up for anybody, especially yourself, is *buy on the dip and hold*. Hold hold hold hodl hold on for dear life. That's it! + +Don't tease or harass people who work for RH or Citadel. Don't send them banana themed merchandise. Jesus christ. + +Thank you. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +I am very new to crypto but I understand the basics of ethereum, and how the recent metaverse craze and nft’s will add a lot of value to ether. Do you guys think its a good idea to invest that much, should i be investing more or less, and are there any other things that I should factor in as well? +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://np.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://np.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* **[EXPERIMENTAL]** - 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! + +You’ve heard about Gamestop in the news. You’ve probably also heard the term ‘shorting’ and maybe even ‘naked shorting’, but I didn’t figure out what these meant until recently. So if you’ve been faking that you know what it means like I was, it’s actually not that hard to understand. + +Basically, imagine that I borrow your favorite necklace. It’s a nice vintage thing that you love, but I’m your best friend, so you loan it to me. Now, I know that this sort of thing is really hot right now, so I pawn it. Yeah, I’m a shitty friend, but I really needed the money. Besides, I’m pretty sure that this vintage necklace fad is going to pass, and when you finally ask for your necklace back, I’ll be able to buy it back for much cheaper than I originally pawned it for. And that’s what I do. The fad passes, I buy the necklace back for half of what I got for it originally, return it to its rightful owner, and everything is right in the world once more. Plus, I’ve got some extra cash from the whole ordeal. + +That’s what shorting a stock is. You make money on a stock going down in price. The problem is when the stock instead goes up. You still have to buy that necklace back, but now it’s twice the price, so you’re losing money. The only thing that could make this situation worse is if the pawn shop sold it to someone else. Now it’s gone and I can’t buy it back to give it back to you, the owner. + +This is called a failure-to-deliver (FTD) and is often the consequence of naked shorting, which is a little more complicated. But now that you know how shorting works, this should be an easy next step. + +So, let’s say it’s the beginning of 2020 and you want to make some money. You find a company that’s dying. Has been dying for some time. Let’s call it Gamestop. The share price is down to the single digits. A pandemic has just hit and no one is going to stores anymore; they’re buying all their games off Amazon. Plus, you’ve done your research and know that Gamestop has hundreds of millions in debt that it must pay off next year in April, or it’s almost certainly going to go bankrupt. + +What’s a savvy investor to do? + +Well, you could short the company, just like I described above. You borrow shares that you don’t have to return for a whole year, sell them on the market, and wait for the death throes of the company before buying them back for pennies on the dollar, and then returning them to their original owner. + +Problem is you’re greedy, smart, and have absolutely zero morals. So, it’s no longer a question of what a savvy investor would do, but what a bloodthirsty trader bent on sucking up the absolute most profit would do. And this is what they would do (and did). + +Sell more shares of a company than they actually have. Now, I won’t go into how this is possible, but all you have to do is jump over to wikipedia to see that I’m not just pulling this idea out of my ass. It’s called naked shorting and it’s illegal and a quick way to make some serious cash. Infinite money, nearly, because what’s to stop me from selling hundreds of millions of shares that don’t exist if I know for a fact that I’ll never have to return them? + +And how would I know this so assuredly? Because I’ll make sure of it. + +When everyone wants to buy something, the price goes up. Just look at gaming consoles during their launch and the people who buy ten of them to resell for twice the price on eBay. Conversely, when everyone is selling something, the price goes down. Supply and demand. Basic economics, right? + +So what happens when I flood the market with these shares? The price tanks. It drops and drops to $3 a share. $2 a share. I could get out now with a hefty profit, but I can make more. So much more. You see, if the company goes bankrupt before the due date when I have to sort out my naked shorts, then there are no more shares. They vanish. Like tears in the rain. Which means I don’t have to return shares. I don’t have to do anything except keep… + +All. The. Profit. + +But something unexpected happens. Gamestop turns around. Ryan Cohen joins the board (look him up if you don’t know who I’m talking about. He’s sort of a big deal). Regular investors notice this heavily shorted company and start buying up the shares. Lots of them. Because they see potential. + +Now, remember what happens when everyone wants to buy something? The price goes up. And a position that was sure to gain you, the shorter, money is now going to see you losing everything. Because the potential loss is truly infinite. + +What do I mean by infinite? + +Well, let’s go back to that necklace story. I need to buy the necklace back from the pawn store to return to my friend, but let’s say that owner of the store figured out the trick I was trying to play. He knows I need this necklace back, at any cost, because there isn’t another one like it. Just like a person selling water to someone dying of thirst in the desert, he gets to name his price. + +That’s where we are with Gamestop. The short sellers have naked shorted, lost, and now they need to buy shares to deliver them. They MUST deliver the shares that they don’t have, but since they can’t afford to right now, they keep using little loopholes to push the date back. They’re stalling, but eventually they will have to buy them back, and when they do, the price will rocket. This is called a Short Squeeze. It happened in 2008 with Volkswagen, pushing the share price from around 200 euros a piece to 1,000 euros a pop in just two days, making it the most valued company in the world for all of ten minutes. + +This lead us to the world economy. Yeah, really. + +The fact is that Gamestop isn’t a one-off. This naked shorting scheme happens all the time. Remember Toy-R-Us? Same thing, but they didn’t survive. And when shorters start getting overconfident and selling way more shares than actually exist, banking on the fact that they will never have to buy them back in the end, the house of cards starts to get very shaky. They are essentially writing more IOU’s than they could possibly ever hope to pay back. + +The problem doesn’t end at the hedge funds (which are like investment groups), because the deeper you dig, the more you see that this system is rotten down to its very core. All the way up to the SEC, the DTC, and all those lovely acronyms that we all pretend to act like we know what they are. Basically, the government bodies that are meant to keep a handle on this sort of thing have all of their grubby hands in the same cookie jar. Everyone is liable, and the tipping point could very well be a colossal short squeeze, like the one Gamestop has the potential for. + +With a short squeeze of enough magnitude, all those hedge funds that shorted Gamestop will have to buy back the shares AT ANY PRICE. If the shares go up in price enough, they get margin called, and if they fail the margin call (which is as good as going bankrupt for a hedge fund), their insurers will have to pick up the rest of the tab. If the insurers can’t manage, the buck then gets passed onto the government. The dominoes will start falling, and where that will leave everyone when this is all said and done is anyone’s guess. + +I know this sounds like some horror story I pulled out of my ass to add a little drama to my boring life, but I’m telling you: read into this. Because I left a lot out here. Stuff like the LIBOR-to-SOFR transition that’s underway, which will uncover a lot of this nastiness, but the corrections will leave behind collateral damage. Then there’s Gary Gensler’s recent appointment as chair of the SEC (he was in the same position right before the collapse in 2008), and so many other moving parts that point straight at what I’m talking about. + +I’m not telling you to go out and buy GameStop right now (though if you do, don’t use Robinhood. It looks cool, but they are a part of the problem). What I’m saying is instead of watching Netflix tonight, try and look up some of this yourself. If you’re going ignore me and watch a movie anyway, check out The Big Short. It’s got Christian Bale, Ryan Gosling, Brad Pitt, and even Margot Robbie explaining financial concepts in a bubble bath. It will give you an idea of what’s happening right now, though it’s different this time around. + +This time, it's worse. + +*EDIT: Lots of questions in the comments. Although this is not financial advice, in regard to reputable brokers, I would look into Fidelity and Vanguard. You can also buy through Computershare, which is the company Gamestop uses for distributing their shares. These brokers aren't quite as fancy looking as Robinhood, but they are much more reliable for a number of reasons I recommend reading into. Also, fidelity has a subreddit on which they are very active, so feel free to reach out to them if you have any questions about setting up an account.* + +*Also, while The Big Short is a great movie to watch to watch both for entertainment and for learning how some of this stuff works, remember that the shorters in that movie are the good guys, whereas the shorters of Gamestop are the baddies. If you watch the movie you'll understand.* + +*For any tried and true apes reading this, please scour the new comments coming in. Lots of people asking questions and I can't answer everyone. We have people from all over the world asking about where to find brokers, etc. Help an ape out.* +This is a question for the older guys, like 30 years + investing, who beat the s and p 500 long-term average (9% I think, depending on when you start counting). + +How did you do it? Was it loads of work, or just self control? On my side is my nature of being the opposite of trigger happy. I will sit on a decision for months and usually do nothing unless the draw/reasoning stays incredible for months. I don't feel any pressures and I'm constantly watching for my biases. + +What I don't have going for me is time. I've done some good reading on investing and know more than the basics, but now I don't have time for more than 1-2h a week (MAX). I am cringingly aware of how much I don't know. To compare one company with 7 others, means knowing them all, and also knowing the industry they're in. Across 5-6 industries, it's just a mountain of work. + +Secondly, identifying a truly unshakable competitive advantage is actually very difficult. Most of the Dow Jones companies have been booted over the index's lifetime. Companies do not last forever, and big guys flop too, even when they were kings. So my current strategy is to stay within the safest, obvious blue chips, and to only buy when there is obscene value. I don't like predicting the future, and identifying a moat is begging for stretched assumptions. Nike will NOT be around forever. Neither will Walmart. Titans fall. How many juggarnauts are still here from 1900? Almost none. With a severe margin of error you can correct for that, somewhat, but I put no stock (lol) in expecting competitive advantages to hold. + +So - what was your strategy? Did you go growth as well? Did you focus on cheap dividend stocks? + +Thanks! +[https://github.com/Blankly-Finance/Blankly](https://github.com/Blankly-Finance/Blankly) + +So I've seen a few posts already from our users that have linked our open-source trading framework `Blankly`. We think the excitement around our code is really cool, but I do want to introduce us with a larger post. I want this to be informational and give people an idea about what we're trying to do. + +There are some great trading packages out there like Freqtrade and amazing integrations such as CCXT - why did we go out and create our own? + +- Wanted a more flexible framework. We designed blankly to be able to easily support existing strategies. We were working with a club that had some existing algorithmic models, so we had to solve the problem of how to make something that could be backtestable and then traded live but also flexible enough to support almost existing solution. Our current framework allows existing solutions to use the full feature set as long as **A) the model uses price data from blankly** and **B) the model runs order execution through blankly**. +- Iterate faster. A blankly model (given that the order filter is checked) can be instantly switched between stocks and crypto. A backtestable model can also immediately be deployed. +- Could the integrations get simpler? CCXT and other packages do a great job with integrations, but we really tried to boil down all the functions and arguments that are required to interact with exchanges. The current set is easy to use but also (should) capture the actions that you need. Let us know if it doesn't. The huge downside is that we're re-writing them all :(. +- Wanted to give more power to the user. I've seen a lot of great bots that you make a class that inherits from a `Strategy` object. The model development is then overriding functions from that parent class. I've felt like this limits what's possible. Instead of blankly giving you functions to override, we've baked all of our flexibility to the functions that you call. +- Very accurate backtests. The whole idea of blankly was that the backtest environment and the live environment are the same. This involves checking things allowed asset resolution, minimum/maximum percentage prices, minimum/maximum sizes, and a few other filters. Blankly tries extremely hard to force you to use the exchange order filters in the backtest, or the order will not go through. This can make development more annoying, but it gives me a huge amount of confidence when deploying. +- We wanted free websocket integrations + + +## Example + +This is a profitable RSI strategy that runs on Coinbase Pro + +```python +import blankly + + +def price_event(price, symbol, state: blankly.StrategyState): + """ This function will give an updated price every 15 seconds from our definition below """ + state.variables['history'].append(price) + rsi = blankly.indicators.rsi(state.variables['history']) + if rsi[-1] < 30 and not state.variables['owns_position']: + # Dollar cost average buy + buy = int(state.interface.cash/price) + state.interface.market_order(symbol, side='buy', size=buy) + # The owns position thing just makes sure it doesn't sell when it doesn't own anything + # There are a bunch of ways to do this + state.variables['owns_position'] = True + elif rsi[-1] > 70 and state.variables['owns_position']: + # Dollar cost average sell + curr_value = int(state.interface.account[state.base_asset].available) + state.interface.market_order(symbol, side='sell', size=curr_value) + state.variables['owns_position'] = False + + +def init(symbol, state: blankly.StrategyState): + # Download price data to give context to the algo + state.variables['history'] = state.interface.history(symbol, to=150, return_as='deque')['close'] + state.variables['owns_position'] = False + + +if __name__ == "__main__": + # Authenticate coinbase pro strategy + exchange = blankly.CoinbasePro() + + # Use our strategy helper on coinbase pro + strategy = blankly.Strategy(exchange) + + # Run the price event function every time we check for a new price - by default that is 15 seconds + strategy.add_price_event(price_event, symbol='BTC-USD', resolution='1d', init=init) + + # Start the strategy. This will begin each of the price event ticks + # strategy.start() + # Or backtest using this + results = strategy.backtest(to='1y', initial_values={'USD': 10000}) + print(results) +``` + +And here are the results: + +https://imgur.com/a/OKwtebN + +Just to flex the ability to iterate a bit, you can change `exchange = blankly.CoinbasePro()` to `exchange = blankly.Alpaca()` and of course `BTC-USD` to `AAPL` and everything adjusts to run on stocks. + +You can also switch `stratgy.backtest()` to `strategy.start()` and the model goes live. + +We've been working super hard on this since January. I'm really hoping people like it. + +Cheers +Didn't see this posted on this sub, but it looks like Questrade finally got on the instant deposit train with WS offering it, albeit in smaller amounts. About time! I know they had a similar function, but it was severely limited to like what, 2-3 banks? + +https://questrade-support.secure.force.com/mylearning/view/h/Account/Instant-deposit/ +Rich people aren’t the problem, the problem is half of America makes 50k a year but they defend the rich like they are going to be rich themselves one day. News flash, American dream died along time ago. Wake up and stop defending the obscenely wealthy. This whole system is a fraudulent joke. That is why we are all here, because honest hard work only leads to more hard work in this country now because greedy billionaires have sucked the country dry for too long. +Fellow shareholders, + +My shit is kinda blowing up, huh? Weird. + +1. [I am 100% DRSed](https://imgur.com/Jtm0gGE) — if you are not, sucks to be you because your shit is getting used and abused by the fuckfaces on the opposite site of this trade. + +2. I believe in DRSing every stock I own, not just GME. I'll be posting my direct-registered positions of every stock I own to the appropriate subreddits once the process finalizes. + +3. Two tremendously helpful apes have helped me on this path: + +u/fed_smoker69420 + +u/infinityis + +You two are fucking badasses and we will drink together. You know, if you want to. + +4. The effort I am currently engaged in may come to nothing for the following reasons (maybe others too) — + +a) I may find that whatever's contained in the stockholder ledger isn't exciting + +b) my case may be ill-targeted or ill-executed + +c) I may be compelled or otherwise persuaded to go silent + +I don't anticipate lying to this community or giving up my account to somebody who would lie, but there are things a dollar can do, and other things a lot of dollars can do, and still other things hired goons can do. So what I'm trying to say is what I've always said — DONT TURST ME + +It may be necessary or beneficial for other apes to carry this torch. As such I've provided all my documentation as a service to those coming after. + +[Delaware Code Title 8 Section 220](https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html) + +[Court of Chancery Contact Info](https://courts.delaware.gov/chancery/) + +[Register in Chancery's Best Practices for Filing](https://courts.delaware.gov/help/proceedings/chancery.aspx) + +WHAT GOES TO GAMESTOP + +*A printout of your position, plus:* + +[Demand for Inspection](https://imgur.com/O8Im6jL) — This document must be notarized. + +[Demand for Inspection page 2](https://imgur.com/NgfSkiT) + +WHAT GOES TO THE COURT OF CHANCERY + +*A copy of everything you sent to GameStop, plus:* + +[Certificate of Service to GameStop](https://imgur.com/kmwslBX) + +[Verification to Complaint](https://imgur.com/sMJ1f8F) — This document must be notarized. + +[Verified Complaint](https://imgur.com/ZiarMpP) + +[Verified Complaint page 2](https://imgur.com/3wA8Dy2) + +[Verified Complaint page 3](https://imgur.com/B8OryjP) + +[Verified Complaint page 4](https://imgur.com/YFk0OKO) + +[Letter for Summons](https://imgur.com/a/mXoylIJ) + +~~Motion to Expedite~~ EDIT 11/18/21 Please see Investor Relations 46, this document actually needs to be called Form of Order. + +[Certificate of Service to Court](https://imgur.com/T2gBSr8) + +EDIT 11/18/21 You will also need a document called Supplemental Information Form. Please see Investor Relations 46. + +My last shit is this — I'm used to zero upvotes, so my last couple posts blowing up makes me suspicious. + +If my efforts come to nothing, my bullishness on the stock WON'T be affected. + +Why not? + +Well....... + +Because.... + +. + +. + +. + +. + +. + +....... + + +....... + + + +. + + +. + +. + +. + +. + +. + +. + +. + +. + +. +. + +. + + +. + + +. + +.... + + + +................... + + +..... + + + +.... + + + + + + +... + + +. + + + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +... + + +... + + +... + + +... + + + +.... + + + +.... + + + + +..... + + + + + +.... + + + + + +.... + + + +.... + + + +..... + + + +.... + + + + + +.... + + +BECAUSE THE GODDAMN MOTHERFUCKING SHORTS NEVER CLOSED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! + +Onward and upward. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Joe Rogan, PFTCommenter, or Ariana Grande.z +I feel stupid asking question but, how does it work in event of death? + + +You have demat account, NPS, PPF, PF, BONDS, Foreign equity, all types of insurance, anything and everything you can think of. You know your portfolio and you know where you put all of your eggs. Your nominees (parents, SO or children) however may not have the entire picture or access to all accounts. + +So how does it work in case of untimely death? + +I'm not talking about having a lawyer and having your will written. What about someone who doesn't have lawyer? How does it work in such case? + +Edit: u/bemoneyaware put an interesting information. Just nomination wouldn't be enough we NEED THE WILL. +I went from 250k to 45k in 5 months. I’m a permabull and went from using 20% margin to now using almost 100% with margin calls on some days. + +The short puts on QQQ are no longer able to be rolled down, only out and hope for a rebound and occasionally subsidized by short calls. The short puts on growth stocks like ARKK and NVDA are dead beyond redemption. + +I will be liquidating my assets around noon today. My final play is to take the 45k cash and buy 10 ATM QQQ leaps Jan 2014 Calls. Then selling otm calls calls against it turning into a pmcc. Taking the premiums of the calls to buy SOXL or TQQQ shares. Won’t sell calls against those unless huge rebound and my PMCC passes my short strikes. + +If market dives another 20% then maybe it’s the higher power telling me I’m retarded. + +This is my final play. Time to go back to find a job. +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! + +**Core idea** + +From Android to Youtube, Alphabet has 9 products with over 1 billion users. Good luck replacing Google Search. Or Android. Or <insert another>. Alphabet's core products have exceptionally strong market position and most of them are very profitable. Company's revenue growth still has strong positive momentum which is unlikely to end any time soon. According to Alphabet's most recent report from days ago, revenue growth is +22%. + +Alphabet also has multiple ventures with incredible potential – DeepMind, Waymo, Calico Labs just to name a few. The company itself is very solid. The core question for this investment thesis is valuation. When is Alphabet's valuation attractive? There are many possible answers, and here is my take: when Alphabet is valued lower then f\*\*\*ing Coca cola, it's a good time. + +**Comparative valuation** + +|Company|EV/FCF|EV/OCF|EV/E| +|:-|:-|:-|:-| +|Alphabet|23,3 (23 to 100)|13,9 (13 to 17)|18,2 (18 to 25)| +|Microsoft|37,2 (20 to 40)|23,8 (8 to 25)|28,6 (12 to 30)| +|Coca Cola|32 (25 to 40)|25,5 (18 to 28)|28,7 (25 to 30)| +|Costco|39,7 (15 to 40)|24,2 (10 to 24)|43,5 (22 to 44)| + +* Data above is taken from a paid service called Börsdata Pro+. +* 10yr range (appx. numbers excl. outliers) within the brackets. +* Some of the comparison companies are from wildly different industries and this is intentional. +* Note that Microsoft had low (lower is better) EV/OCF in the past. This was in 2014, and the stock has 7x since then. + +**Notes** + +* As luck would have it, my yesterday's write up on [Meta](https://www.reddit.com/r/ValueInvesting/comments/ud220m/a_case_for_meta_platforms_inc_fb_short_writeup/) produced results immediately, so I got encouraged to share more of my ideas here on r/ValueInvesting. +* I have recently entered a full size position (my regular size) in Alphabet and will increase it if stock price continues to tumble, while outlook remains the same. DYODD, always. +* This is a brief writeup, intended to simply convey an idea I believe in without pages upon pages of text, tables and numbers. +* Vote and share your view, especially criticism. +20 years old and in the army. I currently have around 20,000 saved up and pocket about an extra 1200 bucks a month due to not having any bills. I don’t really know much about the stock market, so I was wondering what would be medium to low risk way of investing my money that would be available to me in around 5 years when I need to buy a house. I already have 6 percent of my paycheck going to tsp (army 401k). +Thanks +*Edit (Disclaimer#2): I think I need to clarify this: I don't think Ripple is a good investment right now and even though I thank you for all the support this post has gathered, I would like you not to take this post as a sign to invest in XRP. In my honest opinion the demand right now is mainly FOMO-driven and far exceeds XRP's fundamentals. It will come crashing down at some point in next few weeks and I hope you're out when it does.* + +*Disclaimer: I honestly think Ethereum right now is the most promising of cryptocurrencies and I'm 100% ETH. The fact that I have to state this in order not to piss a lot of you guys off is worrying though.* + +This has gotten worse since the recent bull run from $10 to $90. It's almost like /r/bitcoin in here now. + +Every third or so post in the daily discussion right now is about what people think about some other crypto. + +**And that's ok.** + +/r/ethtrader is not supposed to be for Ethereum fanboys. It's supposed to be about crypto trading and investment, with Ether at its core. + +I'd much rather hear about what other cryptos are doing compared to ETH than the 1000th chart screencap with badly drawn triangles on top. Every "I predict ETH at $1000 in a year." gets more upvotes than a "What's going on with XRP?". + +Stop the hate. Stop calling every other coin a scam, premined, a shitcoin, a pump, etc. + +If you have actual reason to dislike a coin then please state it. If you think ETH right now is a better investment then say why you do. Try to find both positive and negative arguments for other cryptos so people can decide for themselves. + +**But stop with this stupid fucking emotional crypto patriotism.** You can believe in one thing and invest in another. Stop acting like you need to defend ETH at all costs and talk down every other coin to save your life. + +We'd all prefer if ETH was the only worthwhile investment. It would be simple. It would allow for faithfulness, stability, emotional investment (which *is* fun to be honest), and ultra high gains. But truth is, you would probably make more money by diversifying. People have made money by investing in Bitcoin, Litecoin, XRP, Stellar, whatever. Some believe those do have some fundamentals, some are just in for the pump & dump. Both positions deserve acknowledgement. If they followed the advice in the daily they'd all be stuck in Ether for eternity (which currently looks good to be honest, but still...). + +**My appeal to you:** + +If you see someone asking about or spreading unbiased information about another coin, upvote them, because this is a trading subreddit and I personally would like to hear about what else is out there from an unbiased source. + +If you see someone answering such a request in a heavily opinionated and one-sided way with unsourced "facts" about the coin (e.g. "99% of this shitcoin is premined anyway."), downvote them. They add nothing to the discussion and are simply butthurt that someone would consider a different crypto than Ethereum. + +tl;dr: Don't be a maximalist. Don't get married to technology. Invest and trade for gains, not emotions. Let others do the same. +I've some family from the US visiting and they think the £3 meal deal from Tesco is the bees knees and great value. Until recently it offered a protein bar as snack - worth normally £2.50 itself! I can't find a better lunchtime deal than this, can anyone else? +The Bonfire has been lit. TL;DR : [https://www.bonfiretoken.co/](https://www.bonfiretoken.co/) + +With all of the recent focus in BSC as we enter the meme coin casino phase of the bull run (if anyone remembers this during the 2017 bull run on ETH memes, you know we’re still in for quite a treat) it’s refreshing to see some good come from all this wanton day trading. + +However, all this back and forth and trying to find the next big thing is ultimately, tiring to say the least. We invest in a coin, and fail to notice suspicious stuff the devs left behind. Large dev wallets, no anti-whale measures, or no locked liquidity - and unfortunately, we suffered from it. + +Bonfire's community is so genuine and excited. + +No massive wallets or whales with 25% of the supply (like Doge surprisingly), and an opportunity for each member of the community to support and assist and truly build something from the ground up as we’ve seen elsewhere. + +In my opinion, Bonfire has crazy moonshot potential, having more than 43000 holders in just 4 days, more than double from yesterday, with a really low market cap of about 25 Million, which has more than DOUBLED from yesterday. + +DETAILS: + +\- Ownership renounced. Liquidity locked. + +\- NFTs being released regularly. + +\- CoinMarketCap and CoinGecko listing coming. + +\- Professional grade website. + +\- Poocoin mobile advert running. + +\- Charity events and merchandise in the works. + +&#x200B; + +TOKENOMICS: + +Market Cap: \~$25,000,000 + +Holders: \~43000 + +Supply: 1000 Trillion + +Tax: 10% tax on every transaction. 5% to holders and 5% to liquidity. + +Slippage: 11-12% + +Telegram: [t.me/BonfireTG](https://t.me/BonfireTG) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +BSCScan: [https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Poocoin Chart: [https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Dexguru Chart: [https://dex.guru/token/0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590-bsc](https://dex.guru/token/0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590-bsc) +Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected. + +Apple did not issue official guidance for what it expects in the quarter ending in June. + +Here’s how Apple did: + +* EPS: $1.40 vs. $0.99 est. +* Revenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-year +* iPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-year +* Services revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over year +* Other Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-year +* Mac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-year +* iPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-year +* Gross margin: 42.5% vs. 39.8% estimated +* Apple authorized $90 billion in share buybacks. + +https://www.cnbc.com/2021/04/28/apple-aapl-earnings-q2-2021.html + +Incredible beat by Apple, beats expected revenue by over $12 billion for the quarter. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +After losing The Purge a year ago by choosing scam dream HCT, I knew I needed help. I threw myself before the collective wisdom of [**AusFinance**](https://www.reddit.com/r/AusFinance/). + +As house prices were already overvalued and couldn't possibly go up, they recommended I sell all my penny stocks and consolidate into a 100% VDHG portfolio. All was going well until I mentioned I recklessly didn't have an emergency fund. We then agreed that VDHG was too risky and I should pool all my money into a savings account. They were quite helpful, advising me of which HISA's have an extra .1% bonus interest, which reminds me I have to send my personal Identification off again to open a new bank account with my 13th financial institution, but it will all be worth it once I see that sweet .1% extra interest! + +They also recommended an excellent book by Scott Vape - The brokeback investor which gave me a great idea for my side hustle. Did you know hospitals throw away perfectly good PPE equipment after just one use? Crazy! So each night I go through their bins for PPE to sell on my Ebay store. I've even managed to list the business as a company and been added to numerous Ethical ETFs who see the sensible and sustainable recycling aspect. +1k is a great number. We made it! And a lot of people who have been here a long time have been waiting for $1000 to take some money off the table. + +Also, let’s not forget to mention the huge huge pump in other coins that temporarily boosted them into the #2 spot before bankrupting a bunch of newer investors with 70% plunges from the top. + +It will take time to develop support at this new level. To re fuel the rocket. + +If you are like me, and easily bored, now is a great time to educate new users. + +Things that are really impactful: +Don’t let newbs buy Ponzi schemes. Or other frauds. +Explain the importance of decentralization and dev in blockchains. +Explain security tokens vs app tokens vs blockchains +Friends don’t let friends margin trade! (Unless they are a pro) +Try out a bunch of dapps. Breed a crypto kittie. Use a ledger. + +Be safe! I’ll be looking for more memes! +Hi all, so im coming on here to see if i can get as much help/advice as possible. I want to get my finances straightened up and get on a budget plan. Im currently making $70k in my sales job. I own a home i purchased in 2019 for $256k in central california. My home is currently valued at $410k. I have 23k in my 401k account with my employer. I take home $2k bi weekly. Both my credit cards are also maxed out. I was never taught about finance nor did a lot of learning myself. + +List of expenses/bills + +Mortgage: Monthly $1,657 @ 3.25% interest +Security Camera: $61/month +Credit card #1: $500 limit @ 9% interest +Credit card #2: $500 limit at @7% interest +Solar: $72/month +Personal loan #1: Balance $6,906 @ $290/month +Personal loan #2: Balance $5,685 @ $174/month +Car payment: Balance $9,286 @ $247/month +Phone bill: $195/month +Car insurance: $130/month +Gas: $60/week + +Total: $2,994 a month. + +I want help on how to better attack my bills and get out of this hole. Im hoping someone can help me lead the way to success and change my mentality. Any help will be much appreciated thank you. +Remember when this sub actually involved company analysis? Remember when this sub involved market discussions? Remember when this sub was useful? + +Remember when you didn’t get downvoted and harassed in dm’s when pointing out terrible investments? (Looking at you GME and AMC) + +Remember when you didn’t get downvoted and harassed in dm’s when pointing out pump and dumps? (Looking at you crypto) + +Can we get a fresh start and focus on REAL discussions of ideas, REAL discussions of companies, and REAL discussions of strategies. + +This sub has been on a downhill trend for a while. It’s sad to see. +I’ve been working since I was 16 and saving as much as I can every month since then. Today, 7 years later my mortgage application just got approved & I have enough of a deposit to buy a house. I just wanted to share how happy I am!!! I literally can’t stop smiling :D +sup apes + +Gamestop has announced today they will be replacing their existing $420m facility with a new $500m facility with "lighter covenants". + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-secures-new-500-million-abl-facility-improved-0](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-secures-new-500-million-abl-facility-improved-0) + +*November 4, 2021* + +*GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into a new $500 million global asset-based revolving credit facility (“ABL Facility”) with a syndicate of banks. The new five-year ABL Facility, which was oversubscribed, replaces the Company’s existing $420 million facility due in November 2022. In addition to delivering enhanced liquidity, the new ABL Facility provides for reduced borrowing costs, lighter covenants and more flexibility. Wells Fargo Bank, N.A. acted as Lead Arranger and will serve as Administrative Agent.* + +This is super bullish. + +The below is from recent filings noting the previous covenants which are being replaced: + +&#x200B; + +https://preview.redd.it/pq3xwnutakx71.png?width=640&format=png&auto=webp&s=f9341b7404e90034225dc5f6b1e83e2d4a1f0375 + +Dividend incoming? + +Tits = Jacked + +&#x200B; + +edit: link to 8-K filing with details of the new facility, not read yet 200+ pages long -[https://gamestop.gcs-web.com/static-files/65f2560b-d0c0-4c64-9daf-6b036dd01fcf](https://gamestop.gcs-web.com/static-files/65f2560b-d0c0-4c64-9daf-6b036dd01fcf) + +&#x200B; + +edit 2: heres a great post from 7 months ago about the previous covenants/restrictions that are being replaced: + +[https://www.reddit.com/r/Superstonk/comments/mqc5gh/gamestop\_was\_previously\_restricted\_from\_issuing/](https://www.reddit.com/r/Superstonk/comments/mqc5gh/gamestop_was_previously_restricted_from_issuing/) + +&#x200B; + +edit 3: spicy post here: [https://www.reddit.com/r/Superstonk/comments/qmjbkz/dividends\_are\_back\_on\_the\_table\_some\_wrinkle/](https://www.reddit.com/r/Superstonk/comments/qmjbkz/dividends_are_back_on_the_table_some_wrinkle/) + +&#x200B; + +edit 4: message from ape with not enough karma to post: + +**from** [**uhhcounting**](https://www.reddit.com/user/uhhcounting) **sent** **2 minutes ago** + +Hi Ape, + +I work in corporate finance and was reading the ABS announcement. Something super bullish that I didn’t see anyone comment on is the interest rate. GME is able to borrow money at LIBOR plus a margin of up to 1.5% per section 1.01 paragraph. “LIBOR” is the base rate used by corporate finance professionals and bankers. The 1 year LIBOR rate right now is 0.36% so gamestop is able to borrow money for under 2%. This is among the lowest I’ve seen an interest rate on corporate debt. FAANG companies are some of the companies with debt interest rates this low. The syndicate that underwrote this facility thinks game is among the most creditworthy companies right now. Hope this was helpful. + +&#x200B; + +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS +I was just dumb kid in 08, but reading about the markets during that time is kinda fascinating. What was September and October like? What was going through your head at that time? +I hope this doesn’t break any rules but I’m curious on your perspective on this: + +I’m sure we’ve all seen the news recently about a certain stock (or a group of stocks depending on who you ask) having a very drastic change in market valuation in a short period of time. Almost everyone seems to have their own “hot take” on the subject. + +I know the vast majority of us have a significant portion of our NW in the stock market. Do these events make you feel optimistic or pessimistic about the future of the market? Is your outlook unchanged from before? Do you plan to change your strategy or rebalance what assets your NW is in? + +I would suspect more than a few of our members work on Wall Street or in finance so I would be particularly interested to hearing from anyone in that space. How do you feel about this vs your boss vs people under you? + +I want to make it clear that I’m **not** advocating taking advantage of this situation to advance FatFire goals and this thread is **not** about debating if that’s a good idea. That’s your business and I’m not going to cast judgement. + +What I am asking is have recent events affected you in anyway, do you have any unique perspective on these events and if you are changing your FatFire strategy as a result +[https://github.com/phillipdupuis/dtale-desktop](https://github.com/phillipdupuis/dtale-desktop) + +I know many of us use python/pandas for analyzing data. However, if you're like me you probably waste a lot of time writing the same scripts over and over. To fix this problem, I created a package which can be used to organize python scripts and present them as a data visualization dashboard. + +Dtale-desktop is an interface which simplifies the process of fetching data, cleaning/transforming it, and then feeding it into D-Tale. All you need to do is launch it via `dtaledesktop` and plug in a snippet of code which returns a pandas DataFrame. You will now have a dashboard widget that is present every time you launch dtaledesktop, and by simply clicking a button you can run that code and analyze the resulting DataFrame in [dtale](https://github.com/man-group/dtale). + +"Plugging in a snippet of code" requires that you fill out a form and define two functions: + +1. A function which will return a list of paths or data identifiers (such as ticker symbols) +2. A function which takes one of those identifiers and returns a pandas DataFrame + +In practice, an example might look like this: + +Function #1: + + def main(): + return ["GME", "AMC", "TSLA"] + +Function #2: + + import os + from alpha_vantage.timeseries import TimeSeries + + def main(symbol): + ts = TimeSeries(key=os.environ["API_KEY"], output_format="pandas") + data, _ = ts.get_daily(symbol) + return data + +The dashboard will now render a collapsible section which contains one widget for each item returned by Function #1. Upon clicking the "Table" button for one of these widgets, the corresponding value is passed to Function #2, the code is executed, and an instance of D-Tale is opened for analyzing the resulting DataFrame. + +These code snippets can be added/edited directly from the dashboard, and upon doing so the dashboard is immediately updated. It also automatically caches data to improve performance and reduce unnecessary API calls. + +If you want to you can also run this program as a web service, in which case it will use websocket connections to push real-time updates to all connected users. There are a large number of settings which can be used to configure exactly how it behaves, documented [here](https://github.com/phillipdupuis/dtale-desktop#settings). + +And here's a recording of what it looks like in action: + +https://reddit.com/link/l8zmvf/video/butwgsr07ke61/player + +Disclaimer: it apparently does not currently work on python 3.9 due to a dependency, I have an issue entered and am working on a resolution +Long story short, recently saw a Financial Planner as I was about to make my first home purchase. It was a stressful time and I was looking to consult a professional to make sure I could afford long-term. I'm not financially illiterate but I'm not an expert, especially with things like forecasting how finances can affect my future long-term. In retrospect, I really should have seemed multiple planners but ended up going with the one due to time restrictions in the property search (pre-approval and the like). This planner wasn't exactly badly reviewed. + +The process seemed legit, starting off with an SOA (Statement of Advice) being issued and a good amount of questions and direction from me. I wasn't quite sure what this document would entail but basically, it had some basic general advice (skewed a little bit) followed by switching my super to their fund and buying some life insurance through them. I got the piece of paper with this advice and found out that they would cost 11% of my total super to engage for the entire year which is huge. There was more content of disclaimers than actual advice. Probably only 3 pages of actual numbers. + +Basically, after a year of engagement, I'd be worse off financially than if I hadn't engaged them at all. I should have read between the lines but this wasn't clear during the engagement phase. + +Anyway, I coughed up the amount for the SOA (a month's salary) because I had signed for it, but I feel like they shouldn't have engaged me if I was going to be financially worse off after their services. The percentages weren't made clear until the advice was issued which was basically a glorified fee proposal. + +Anyway, let this be a warning to you all to really hone in on what you're getting if you do seek it and decide if it's not something you can figure out yourself. It was a waste of time and money for me and can't help but feel I was tricked as I'm not an expert in this field. I've put it down to a hard lesson learnt. +Stock splits are all the rage - After Google announced in Feb that there would be a 20:1 stock split in July this year, Amazon has followed suit announcing a similar 20:1 split and sending the market into a frenzy. Amazon’s price was up by 6% the next day and Google���s stock rose more than 9% in after-market trading following the news. + +We do know that stock splits do not affect the underlying business in any way, but it is undeniable that there is price movement around the announcement and execution of a stock split. So in this week’s analysis, let’s deep-dive into the world of stock splits, how and why they are executed, and most important… Is it possible to make money off of a stock split? + +https://preview.redd.it/vqhozfyguio81.png?width=1728&format=png&auto=webp&s=d34bf8569d76ca35df8c8193f84ebbb3d1455d01 + +**What is a stock split and how is it executed?** + +A stock split is a simple decision by the company board to increase (or in some cases decrease) the outstanding shares of the company. For example, let’s say you own 10 shares of company X worth $100 each. So in total, you own $1K worth of shares in the company. If the company announces a 2-for-1 stock split, now you will have 20 shares of the company worth $50 each. But the total value of shares you own in the company does not change. You will still own the same $1k (20 x 50) worth of shares that you started with. + +If you are wondering why companies engage in stock splits, the following are some of the key reasons. + +* **Affordability:** Sometimes the stock becomes too expensive for retail investors to buy into. Consider Amazon - One stock is worth close to $3k now. So the minimum amount you would need to start in Amazon is $3k which might not be affordable to a vast majority of retail investors\[1\]. Also, there is the psychological impact of buying a share worth $3k and a share worth $30. +* **Options:** For the options players, there is a huge difference when a stock is cheap. In options, a single contract is worth 100 shares. So for a covered call strategy incorporating Amazon, before stock split, you would need a single stock position worth more than $275K vs only \~$14K exposure after the said 20:1 stock split. +* **Liquidity:** Since more shares are outstanding for the company after the split, it will result in greater liquidity and a lesser bid-ask spread. It also allows the company to buy back their shares at a lower cost since their orders would not move up the share price as much, due to higher liquidity. + +Now before we jump into the analysis, you should understand how exactly a stock split is executed. On **announcement day**, investors get to know that a stock split is going to happen soon. The stockholders eligible for the stock split are decided on the record date. This is mainly a formality. The actual split would happen on the **ex-split date (or ex-date)**. After this, the stocks would trade at their new price. For example, in a 20:1 split, the stocks would trade at 1/20th the previous price after the ex-date. From our data, we observed that there was an average delay of 36 days between the announcement day and ex-split date. + +https://preview.redd.it/to7zc0zguio81.png?width=1728&format=png&auto=webp&s=53b7fad77e3e22788f442392d2a866ea528cdc25 + +**Data** + +For this analysis, I have used the data from [Fidelity’s stock split calendar](https://eresearch.fidelity.com/eresearch/conferenceCalls.jhtml?tab=splits) that tracks the announcements and execution of stock splits, from as far back as 1980! I have considered splits only from 1993 (due to stock price data availability), and I have considered only companies that currently have a market cap of $1Billion or above. I have also ignored reverse stock splits as the data is too small to be statistically significant. + +This gives us a total of more than 2,000 stock splits to work with. In case you are interested in the raw data, I have shared both the raw data and analysis through links at the end \[2\]. + +https://preview.redd.it/x8h8blyguio81.png?width=1728&format=png&auto=webp&s=c0d041f9f055ee500acd73cf6138a01c7a5ac231 + +**Returns** + +As soon as a stock split is announced, there is bound to be a lot of buying and selling activity. The question is, how much return could you have seen? There are a few scenarios possible here. + +Short Term Returns + +The short term plays possible around stock splits are: + +1. You already own the stock and see its price go up on announcement day. +2. You did not own the stock on the announcement day so you buy the stock just before the actual stock split execution. + +https://preview.redd.it/fl7oqcsjuio81.png?width=619&format=png&auto=webp&s=16d7ec01076f52f08ede2039e8ea7cdd957977c2 + +As expected, the announcement of a stock split sends the stock pumping with a 1.48% 2-day return when compared to only 0.09% return generated by SPY during the same time period. You would still have beaten the market if you had bought the stock one day before the actual split execution day and then held it for two days (albeit by much less - 1/7th of the gains you would have made if you had owned it before the announcement). + +**Long Term Returns** + +Considering that a stock split is supposed to indicate growth prospects, what happens when you hold for a longer time? There are two possibilities: + +1. You buy the stock just after the announcement of the split +2. You buy the stock on the split execution date. + +https://preview.redd.it/essyyjokuio81.png?width=613&format=png&auto=webp&s=f6ccd70cba51ecb914ee701f172edd3cd571b206 + +Buying just after the announcement would have paid off handsomely with the returns beating the market easily in the long run. On average you would have had an alpha of 1.5% over the market in just over a month. + +But, on the other hand, if you buy it on the day of the split, the returns are not that great. You would have lost money in the first week on average and would have been underperforming SPY even over the period of one month. You would have had to wait about a year for your portfolio to overtake SPY. This is to be expected because by the time of the actual split, the hype has died down a bit and the rallies in price are a bit more uncertain. + +**What about H\*DLers?** + +This is another interesting case where you would have bought stocks on their announcement date or ex-split date and held on till today, starting from 1993 \[3\]. Though most people wouldn’t trade by this strategy, it’s interesting to see how it would have fared. \[4\] + +https://preview.redd.it/5ppjqxnluio81.png?width=810&format=png&auto=webp&s=1bee120527137854a90283c09b21fa48aed3be8f + +If you had bought all stocks that underwent a split and held till today, you would have beaten the S&P 500 by close to 200%! + +**How certain are our returns?** + +Next, we have to look into whether the alpha we are seeing here is due to a few stocks that are skewing the results. Even though I have capped for outliers, I wanted to know what % of stocks undergoing a split beat the market over the different time periods that we just saw. + +https://preview.redd.it/3yoxgb6nuio81.png?width=505&format=png&auto=webp&s=04b15b141dec86671bd201fda1a175e2067d281d + +Well, would you look at that! Except in one case, the odds would be in your favor to beat the market if you had followed this strategy. As expected, for short term the highest chance is if you had owned the stock before the announcement (which is not realistic), but even if you had bought it one day after the announcement, you would have had almost a 60% chance of beating the market by the actual execution day. + +https://preview.redd.it/1hrdo5zguio81.png?width=1728&format=png&auto=webp&s=135b16d8f4aa8177feecfe5a184f75b350a1c1d6 + +**The cheap and the expensive** + +The usual rationale behind a stock split is that the stock has become too over-priced, and splitting it makes it cheaper for retail investors to buy into - But the data revealed some contrary insights. Over 90% of the stocks were less than $52 in value at the time of the split, and only 5% were over $230 in value! + +So obviously, the question is - **Was there an advantage to buying cheaper stocks or more expensive stocks at the time of a split**, and how did they compare to the total set and the benchmark? + +The 10 percentile value for the adjusted close at the time of announcement was $3.50 (203 stocks less than this value), and the 90 percentile value was around $43 (203 stocks more than this value). Here are the average returns for these sets. + +https://preview.redd.it/xx0itidouio81.png?width=824&format=png&auto=webp&s=b090eaeadb0c5d22b2ddfb6bde45a8c2aea0bd2e + +The lower-priced stocks seem to have a massive advantage in almost all respects, sometimes giving a return of more than twice the complete set of splits in the long term! On the other hand, the higher-priced stocks have a poor record - Though they beat the benchmark in the short term\[5\], in the long term, their performance is much lower than the stocks having a lower price. + +One of the reasons that the lower-priced stocks have such a high average is because stellar companies like Microsoft, Apple, Nvidia, Nike, etc. were trading for less than 5 dollars per share in the 90s - But this doesn’t invalidate the observation. There were stocks trading for more than 100s of dollars around the same time, and they didn’t do as well as the lower-priced stocks. This insight could mean that ***companies with a lower share price that go for a stock split now have a higher possibility of growth than huge stocks*** like Amazon or Google. + +https://preview.redd.it/rjt6ruzguio81.png?width=1728&format=png&auto=webp&s=e92d0f4b561e06c2964393adae1d218c6a0566b3 + +**Limitations** + +The analysis seems to indicate that stock splits are a sure-shot buy. But there are some caveats to keep in mind before trying to replicate this: + +1. There are a variety of large, mid, and small-cap stocks that underwent stock splits. Comparing the returns solely to the S&P 500 might not be the most ideal way to calculate Alpha since the S&P 500 comprises of the biggest 500 companies in the U.S. So the alpha we are seeing here might just be compensating for the extra risk we are taking buying into smaller companies. +2. The stock splits selected here are companies that have a market cap of at least $1Billion. While this is reasonable and covers more than 60% of the sample set, there will be survivorship bias due to a lot of companies dying out or performing mediocrely (especially applies to the Buying and holding forever strategy). + +https://preview.redd.it/s1b3ad0huio81.png?width=1728&format=png&auto=webp&s=7a369de6aa0bce5728a373106f6deb3788bfcc61 + +**Conclusion** + +Buying and holding stocks at the time they are undergoing a split might not be an outrageously successful strategy - But it definitely has an edge, both in the short term and especially in the long term. This gives some credence to the statement that a stock split indicates good prospects of growth. + +And if you’re wondering whether the right time to buy is during the announcement or the actual split, the data shows that **there is a clear advantage to buying around the time of the announcement**, especially for short-term plays. The probability of success is also 60% and above in many cases, indicating that there is something more to this than mere chance. + +And finally, stocks with a smaller price seem to do much better than stocks with higher prices when it comes to stock splits. While this could just be the compensation for the risk you are taking investing in smaller companies, it’s definitely worth looking into! + +https://preview.redd.it/0nl04w0huio81.png?width=1728&format=png&auto=webp&s=836a39ed3b7f4857638a15aa6786c75fb03e8432 + +**Data:** All the raw data for the stock splits and returns for additional time periods that I could not showcase in this article [**can be found here.**](https://rows.com/market-sentiment/my-spreadsheets/stock-splits-data-6LUbbrOfFLo2cjV25RoXaQ/live) + +https://preview.redd.it/lqm9vg1huio81.png?width=1728&format=png&auto=webp&s=36c6946464d2bd63a0ef7e5b8f383eb67d5dfd51 + +**Footnotes** + +\[1\] Along similar lines, to own a single Class A share of Berkshire Hathaway, you need $489K. There are some theories that certain companies have very high share prices because they don’t want retail investors (who are usually fickle in ownership) to own their stock. This usually leads to lesser volatility for the said stocks. One other point to consider here is that there are more and more brokers who are offering fractional shares these days. So stock splits might not be as relevant as it was before. + +\[2\] This should make your life much easier as we had to use web scraping to pull all the data. + +\[3\] Walmart split its stock [11 times](https://stock.walmart.com/investors/stock-information/dividend-history/default.aspx) on a 2-for-1 basis between their IPO in October 1970 and March 1999. An investor who bought 100 shares in Walmart’s IPO would have seen that stake grow to 204,800 shares over the next 30 years! + +\[4\] In fact, [there was an ETF ](https://finance.yahoo.com/quote/TOFR/)that bought stocks that were going for 2:1 stock splits. + +\[5\] Not shown here, the complete analysis is in the data shared at the end. + +*Disclaimer: I am not a financial advisor. Do not consider this as financial advice.* +Edit: For the record, I think Amazon needs to be boycotted before they eclipse the US Government /$ + +> The MGM deal is Amazon’s second largest in its history, after its $13.7 billion acquisition of Whole Foods in 2017. Whole Foods in 2017 reported around $16 billion in revenue in 2017, the same year MGM reported $1.3 billion in revenue. Those numbers, along with the fact that analysts valued MGM at $5.5 billion in December 2020, shows just how valuable the studio’s assets are for Amazon’s plan to touch nearly every part of its customers’ lives through Prime. CEO Jeff Bezos said in April that 175 million customers have used Prime Video in the last year. Those numbers would put Amazon within spitting distance of Netflix’s nearly 208 million subscribers. + +[Article](https://www.indiewire.com/2021/05/amazon-buys-mgm-1234639843/) +Staking is a phenomenal way for the average person to make money. By staking you are 1. Contributing to something bigger then you and most importantly 2. You will make as much as if you were invested in an ETF in the stock market. Yes the price of the coin can go down which is a notable risk factor. However, staking the right coin is a very great opportunity which everyone should at least look into. + +Edit: Made a new post explaining staking simply. Go into my profile to find it :) +Jeff Bezos and family (U.S.) + +CEO, Amazon + +Age: 55 +Net worth: $131 billion + +Global population 7.7 billion + +$17.01 (if this number is wrong please let me know.) + +Average wages in sub-saharan Africa are less than $2 a day. +I used to enjoy coming to this sub every so often to learn more about how others are investing, saving, making more money, etc. But now it’s just constantly bombarded by pathetic whining. The comment sections of these posts are just so toxic as well, littered with salty or depressive comments. +There's a professor at NYU named Aswath Damodaran who teaches a valuation course to MBAs. He estimates the cost of equity, cost of capital, cost of debt, even the beta. Then he assigns these values into a DCF model that's either supposed to represent free cash flow to the firm or free cash flow to equity. These values can be used to find a target price for some underlying stock. I'm wondering, does anyone who's not an MBA use valuation to this degree? Or do most retail investors just use the Ben Graham approach as far as valuation is concerned? +I am trying to start a thread where advice can be shared for those who have $5,000 or less available for investing. Please feel free to contribute anytime with relevant information. +The thing is, I was actually really happy with where I landed in 2018-2020. I finally got some solid savings going and I felt on the top of the world. It was only $30-40k annually, but that was more than I've ever made before and it was basically like winning the lottery to me. I wasn't dissatisfied at all. + +When covid hit, my business slowed down a little. I could have honestly cracked on and just lost a few grand, and it wouldn't have been catastrophic--I do have savings. But I decided to take the break from constant client work as an opportunity to pivot my business to another angle. + +I'm a self-taught freelance graphic designer, and I've been designing book covers since 2010 for indie publishers. I've probably designed 500 book covers in my lifetime. I actually really love the work and I don't see myself ever stopping. I'm just so attached to design, and especially this industry. I've been a part of fiction since my early teens. It's just where I shine. But there was a problem where I could only ever produce so many covers. Even if I spent 16 hours of my day making covers, there was still a ceiling. Apparently that ceiling was $40k/yr. Which is fine! It's great! But I just got burnt out. + +And tbh, it's really hard to see an author you designed a cover for hit it big. I've had four of them. I can't tell you how difficult it is to get paid $250 for a book cover and have the author come to you and say, "Wow, I made $30k this month, and I owe it all to YOUR COVER!" Meanwhile, I'm rolling dimes to afford a box of tampons. Ouch, you know? + +So I decided to shoot for *being* that author. + +If anyone here has ever done freelance work, you know how important the pivot is. You have to try new hustles and see if there's something better out there. You have to diversify and never let one client/company/business make up your entire income, because that's not secure. One of the publishers I used to contract for went under in 2019, but I saw that in the cards back in 2017. They made up 90% of my income. Scary! Thankfully, I saw the writing on the wall and was able to move to other publishers, never letting one house or author account for more than 30% of my income. + +Sometimes the pivot works out, sometimes it doesn't. You just have to kind of calculate whether or not you can afford to fail for a while. Usually, the answer to that is HELL NO. But 2020 was already a fail on many levels, so I thought why not? Let's write a series! + +It was a bit of a risk, because I've been saving to buy my own home, and as a self-employed person, it's REALLY hard to get a mortgage unless your income is sky high and very solid, and covid just made it even harder to qualify. Luckily, I managed to almost reach my peak income in 2020. I was incredibly lucky with that. My first 3 books did good, earning me a solid $2500/month. They were nothing huge. They never broke #2000 in amazon rank. But they were steady and solid. Usually, in indie publishing, that's what you shoot for--quantity. The royalties add up. One book making $400/month is fine, but ELEVEN books making that is $4400. + +But in 2021, one of my books got big. It peaked at #53 in the whole kindle store and stayed in the top 100 for 14 days. It's really nothing special, I think I just nailed the cover. Finally, one of my best covers is making ME ridiculous sums of money instead of someone else! + +https://imgur.com/9CL5cdK + +In 2021, I have made: + +* Jan 2,075.00 +* Feb 9,919.00 +* Mar 21,717.00 +* Apr 10,504.00 + +$21k in a month?! It's INSANE. I can't wrap my head around that. I've never had that kind of money before, and I'm still reluctant to see it as anything but a fluke. Maybe it won't last. Maybe it's a one-off thing. Maybe Jeff Bezos is about to bust into my house and tell me it was a mistake, and then take all the money back. I do not feel secure in this whatsoever. But I'm trying my best to stop and smell the roses here. + +Here's what my income has looked like up to now: + +https://imgur.com/lasFYY3 + +Maybe if I can keep this going (there are still 2 more books left in the series) I won't even need a mortgage. My dream is to buy a house outright with cash and finally own something for real. I grew up in shitty trailer parks and low-income housing, went into the system at 13, and then spent part of my late teens homeless. All I've ever wanted in life was my own home. I'm getting a little choked up right now just imagining that this might actually be possible. + +Anyway, I don't want this to seem like a boasting post. I wish I could go back to that young woman I was ten years ago and tell her that it'll work, if she just keeps pushing, but I can't. So here I am. I just wanted to tell everyone to hang in there. Sometimes it takes a really long time and there were lots of points where I lost all hope. But I kept on clawing my way back up, because that's what people like us do. We survive, because there's never been any other option. + +Lots of love and luck to you all. + +If anyone has any questions about publishing, saving, or just general business, I'm super happy to talk your ear off! +I’ve been doing STR for a couple of years and it’s still hard to believe how low maintenance and how profitable it is. Makes me wonder why more people aren’t doing it. + +For example, I have a 4 bedroom 3 bathroom property that I paid $342k for. It’s in a smallish city (180k population) on the east coast. + +There are some Airbnb related expenses like $1200 a month on a housekeeper. Obviously I pay the utilities plus the cleaning supplies. + +Mortgage, insurance and taxes are about $2k a month. + +My total costs are about $4k a month, all in, or $48k a year. + +It generated $80k in revenue last year and is on track to do $90k this year. 2019 was a partial. + +It is incredibly profitable for what it is. + +I should also mention that it was set up as fully remote. I have not been at the property for 2 years since it was launched. Messaging is mostly automated so we’re talking about 15 minutes of work per day per property. + +I’ve been doing it for 2+ years but I am still waiting for the catch, for the “gotcha” in all of it. + +Update: + +Thanks to this discussion it’s becoming clearer why more people aren’t doing Airbnb. It invokes a lot of negative emotions. Whether or not those are warranted or really relevant when talking about an investment is a whole other story. +Posting this on a throwaway because I do not want to be identified. + +I started day trading last year and it was a great year to start. I made 7 figues off of options trading, and I owe nearly half a million in capital gains for 2021. + +In January, I stupidly mistook my luck with an act of genius. I thought I knew how to game wall street. I saw the market dip bigly and decided to throw all my money into options again. I thought it would recover, because it always does right? + +I was wrong, the market kept dipping and I lost all my money within weeks. + +I now owe taxes for 2021 that I can't pay. Im 25 years old and my job pays decently, but definitely not enough to pay off 500k any time soon. What can I do? Is it possible to offset the gain/loss? +Hаkunа Mаtаtа tоkеn hаs bееn dоing vеrу wеll fоr thе раst fеw dауs, sincе it wаs lаunchеd! This cоin is thе vеrу dеfinitiоn оf whаt hаkunаmаtаtа mеаns - nо wоrriеs. аnd whу is thаt? It cоmеs frоm thе vеrу fоundаtiоns thаt this tоkеn hаs bееn cоnstructеd uроn, thе рrеmisе оf rеducing thе vоid thаt еxists bеtwееn thе cоmmunitу оf thе tоkеn аnd thе cоrе tеаm оf thе tоkеn. Thе imрlicаtiоn brоught fоrwаrd hеrе is thаt this tоkеn brings cоmрlеtе trаnsраrеncу fоr its invеstоrs аnd thе еntirе cоmmunitу аs thе dеvеlореrs dоcumеntеd thеmsеlvеs lоng bеfоrе реорlе еvеn knеw аbоut thе Tаtа tоkеn. Thеу еvеn hаvе hаd а vidео аmа аs wеll аnd hаvе аnоthеr оnе роst lаunch. аlоng with this thеу аrе аvаilаblе аll оf thе timе tо tаlk with thе mеmbеrs оf thе cоmmunitу tоо. + +Alоng with this, thе tоkеn hаs vеrу рrоmising аnd еxciting usе cаsеs thаt рrоvidе аctuаl utilitу fоr thоsе whо invеst thеir mоnеу intо it аs wеll. Thеir usе cаsеs роrtrау аn еxquisitе fоrm оf simрlicitу whilе cоmbining dissimilаr cоncерts аnd rеsulting in а bеаutiful nоtiоn thаt is sо еxcеllеnt аnd а tоtаllу оriginаl cоncерt. This will bе brоught оut thrоugh thеir Nft mаrkеt рlаcе аs it аims fоr sеllеrs оn thе рlаtfоrm tо bе аblе tо dоnаtе а роrtiоn оf whаt thеу еаrn thrоugh thеir skills аnd tаlеnts tо аnу chаritу оf thеir chоicе. + +Furthеrmоrе, thеу аim tо bеnеfit еvеn mоrе chаritiеs with thеir cаrеfullу imрlеmеntеd tоkеnоmics аs а раrt оf thе tаx frоm еvеrу trаnsаctiоn gоеs tо thеir chаritу wаllеt. This еnsurеs thаt thеу cаn аlwауs bе аblе tо hеlр thоsе in nееd аrоund thе glоbе. + +[hаkunаmаtаtа.finаncе](https://hakunamatata.finance/) + +[telegram.me/tatatoken](https://t.me/tatatoken) +**- 27 trillion in circulation** + +**- unlimited supply cap** + +**- only 1 node** + +**- 1% of holders own 30%** + +**- 25% supply minted in the last 6 months** + +**- 38 million notes printed every day** + +**- loses at least 3% of value every year** + +**- in a bear market since its conception** +I stumbled across this article [here](https://economictimes.indiatimes.com/industry/cons-products/food/bhujia-to-billions-ganga-bhisans-haldirams-has-now-become-3-bn-biz-empire/articleshow/67992895.cms?from=mdr) which values Haldiram's Nagpur and Delhi businesses at USD 3 Billion. They're the largest snack business in the country making double of what dominoes makes in a year (\~4000 crore vs \~1500 crore). What would be the thought behind not taking such an old and profitable business public? + I made a previous detailed post nearly 2 years ago and a lot has changed since then: [https://www.reddit.com/r/fatFIRE/comments/jvdnya/36\_year\_old\_personal\_injury\_law\_10\_million\_nw\_5/](https://www.reddit.com/r/fatFIRE/comments/jvdnya/36_year_old_personal_injury_law_10_million_nw_5/) + +My original post was over 4 years ago: [https://www.reddit.com/r/fatFIRE/comments/88p5xg/make\_over\_1\_mil\_per\_year\_and\_want\_to\_retire\_in\_5/](https://www.reddit.com/r/fatFIRE/comments/88p5xg/make_over_1_mil_per_year_and_want_to_retire_in_5/) + +It's been a couple years since I made a post on Fatfire, and I figured I would do a detailed update on where things are at. The last post I made was pretty crazy. I received a couple hundred DMs from lawyers all over the country looking for advice. I helped several of them start their practices and they are doing great. I even hired a UCLA undergrad student as an intern who saw my post and happened to live close by. Part of my posting is to encourage lawyers to start their own firm and also to show that there are several paths to success as a lawyer. + +Just to refresh my background, I am 38 and married (been together 19 years now). My wife is also a lawyer and recently started as Assistant General Counsel at a large crypto company (she spent 10 years in-house at a different company before that). I have two kids (3 and 5), and live in Southern California. + +Since my last post, my firm has grown a significant amount. Last time I posted I had 600 cases and 10-15 staff. Now my firm has over 900 active cases and we are around 25 people in the office. From 2019 to 2021 my take home was around 6 million each year. Even though the firm grew significantly during that period of time, cases are not all equal. Depending on how many big hits you get in a year, 300 cases could be worth more than 3,000 cases. Overall though I have a lot of stability in my income because of the volume we have. + +Another reason my net income hasn't gone up is because I am paying my staff more now, added great benefits, and give a lot of bonuses to everyone. I also profit share with some of the attorneys as part of their compensation package. Because of that, our turn over is almost non-existent. In the time I have run my firm I have hired around 27 people and only 2 have quit and 2 have been fired. Other than that, they are all still here. + +This year has been great in terms of income and I think I'll finally see an increase in my pay. I've already taken around 3.3 million in profits but I have some very large cases that should settle in the second half of the year. At least one in the mid/high seven figure range. + +**Marketing:** + +Nothing has changed since my last post. I do practically zero paid marketing and almost all my cases come in through word of mouth, former clients, and people I meet out in the world. I still hand out 2,000+ business cards a year. + +We were also fortunate during COVID that our firm not only was OK, but grew a ton. I credit that to the fact that we are a non-advertising firm. As the market of car accidents shrank, people advertising had to spend more and more to fight for a smaller number of cases. Since we don't compete with advertising firms, we weren't hit as badly. + +**Other Businesses:** + +Besides my main firm, I still have a one-third ownership interest in another personal injury law firm. The other firm basically gets all our overflow referrals and has a caseload between 300-400 cases. I have a great partner who manages that office and does a killer job on these cases. + +I also have a consumer class action firm that I started a few years ago that I own 50% of with another partner (who has his own firm too). We still have several active cases (some with 7 and 8 figure potential) that we are working on. But we haven't done much to grow this business at all. We are both just very busy with our own main practices and other projects. No clue what the long term game plan is with this. + +On top of that I'm also opening a Sushi restaurant with two partners. During the pandemic I met a sushi chef who was doing private omakase parties. I ended up hiring him a few times and got to know him very well. His food is top notch and he is an all around great guy. We started talking about a concept for a restaurant and then I got one of my friends who has a body shop to invest with us. Me and my buddy are funding the concept and the chef and his wife will run/manage. It will probably end up costing around 300K to open and I don't count this money in my NW. This is a huge gamble that has a high risk of failure but I look at it as something fun (like gambling), and I just assume the money is gone already. The restaurant is in an LLC and I have no personal guarantee on the lease or any of the debt, so the risk to me is minimal. I'll post about this when we open. + +**Growth Challenges:** + +Right now the biggest challenge is scaling issues. We do great work but a lot of that is based on me micromanaging all the staff. We use task management software but have no CRM. So I manually do a lot of work. We are in the process of switching to practice management software that will automatically create tasks, prefill forms/letters, track progress on cases with more detail, and get rid of a lot of duplicate work. I'm hoping that frees up a lot of my bandwidth. I also spend way too many hours a week on accounting, cutting checks, and doing breakdowns of settlements. One of my goals this year is to hire a full time accountant to do all that. I think once those two things are done it should free up 10-15 hours/week of my time. Plus I can probably come up with some additional stuff for the accountant to do related to payroll/HR. + +**Current Plan** + +My wife and I aren't very material and we spend most of our time/money on experiences and low cost things. Right now our expenses are very low. We live exclusively off my wife's compensation (which is in the 200-300K range). Our average monthly spend is around 12K (and 3.5K of that is preschool) and we spend another 30-50K/year on vacations (usually 1 weekend trip a month and 2 larger trips per year). We don't plan on increasing our spend at all in the future. In fact our son is starting Catholic school in August and our expenses will drop about 1K/month just from that. Once our daughter starts in 2 years our expenses will drop another 1k/month. We were going to do public school but things have gotten pretty bad in the local school districts and Catholic school is a great bargain. + +Since our house is paid off and we live in California our property tax is fixed at only 15K/year (we bought our place in 2016). We live in a nice suburb and our house is about 3.4K/sq ft with a pool. I don't plan on ever moving. I grew up in this neighborhood and I know upgrading my home won't bring me any additional happiness. + +I'm really no closer to knowing what I want to do now than I was when I posted 2 years ago. My goal is still to get close to 20 million NW by 40 (which should be easily doable unless the market really craters). I've also started a trust for my kids and would like a few million in that before I retire/significantly reduce my income. I don't want them to have enough to never work (I know a guy like that whose father was also an attorney who has a huge trust and he never ended up accomplishing anything), but I also want them to have enough so that they will take risks (starting businesses or taking jobs they might not otherwise take) without the fear of being broke. After that I'm still on the fence about what to do. My brother and my main trial attorney both think I'll never quit/retire, and they might be right. + +But I have a few different paths I'm considering: (1) sell my firm outright to the trial attorney who works for me or another of several attorneys I trust (depending on who is interested), (2) sell a portion of my firm and keep some percentage to get a residual for life, (3) spend more money on staff and automate more of my firm and cut back to 10-20 hours/week, or (4) break up my firm into several pieces and start a few firms with attorneys I trust and just make myself a rainmaker without doing actual work. + +My main motivator is that my family is the most important to me. As I posted before, I still always come home by 5:30pm, I eat dinner with my kids every night, bathe them, play with them, and put them to bed. I also spend a couple hours after that each night with my wife. By the time I'm 40 my kids will be 5 and 7. They will be a great age to start doing some serious traveling and I want my 40s to be filled with memories of my kids, wife, and I going on amazing trips and having amazing experiences. I also just don't have very high material needs. + +**Anxiety/Stress** + +I really love what I do. In fact it makes me extremely happy. However, I am also burnt out and the volume gives me a ton of anxiety and stress. I always joke I'm the happiest stressed person in the world. I don't really ever feel unhappy, I don't really ever feel depressed, I just get insane anxiety some times (that sometimes even causes chest pain). I'm doing what I can to manage that but I seem to be struggling sometimes. Being with my kids, traveling, and hobbies helps a lot when I get anxious. Once I get closer to 40 this will probably determine whether I get out 100%, stay in partially, or keep going. + +**My Take Home Income By Year** + +This doesn't count income from my other endeavors (real estate or my other firms). + +**2014 -** 300K + +**2015** \- 600K + +**2016** \- 800K + +**2017** \- 1.2 Million + +**2018** \- 3 Million + +**2019** \- 5.6 Million + +**2020** \- 6 Million + +**2021** \- 6 Million + +**2022 -** 3.3 Million so far (estimate 7-8 million by year end) + +**Current Assets/Net Worth (15.8 Million)** + +Primary Residence (Paid Off) - $2 Million + +Rental Property (Rent to Mother-in-Law for zero cash flow) - $550,000 in equity + +Multi-Family Property (12 unit owned with some partners) - $930,000 in equity (my share) + +Retirement Accounts/Taxable Accounts - $10.4 Million + +Cash - $2 Million + +Crypto (BTC/ETH/SOL/ADA) - $350,000 + +**Kids Assets/Net Worth (1.7 Million)** + +529 Accounts - $177,000 for each kid (frontloaded 5 years of gifts to them each) + +Irrevocable Trust Brokerage Account/Real Estate - 1.35 Million