diff --git "a/reddit_finance_43_250k_249.txt" "b/reddit_finance_43_250k_249.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_249.txt" @@ -0,0 +1,10000 @@ +I wonder if some ape were to call them on Monday to find out if a vacancy has opened up recently, that would be interesting to see. + +But I posted all the above because I wanted to get some eyes on the fact that this building has cameras 24/7 live feed in multiple angles and the articles tell us which specific floors are theirs. + +[https://www.425parkave.com/building/](https://www.425parkave.com/building/) + +Go to "Construction Cameras" + +Live Feed. + +Construction cam 4k lite shows the top 2 floors. + +There's so many angles and ARCHIVED FOOTAGE!!! I'm sure apes will have fun with this. + +If they're actually moving in, we should see 3MD movers shortly. +SSPK>MAPS + +A vote date of June 10th was set for the SSPK>MAPS merger to bring weedmaps to the NASDAQ. This is a great way to get cannabis exposure without having to buy OTC. +In my opinion this has a large growth potential. The valuation was good. Forward projections in the investor presentation were very conservative as they did not include new states/countries opening up(NY,etc). Large market share with a rapidly expanding market. A very well put together DD  +/r/SPACs/comments/mppj5z/sspk_weedmaps_dd_merger_q2/ + +Update: Vote passed 22mil for vs 4k against. Ticker will change from $SSPK into $MAPS on Tuesday +The Bank of England have, with a straight face, come out and claimed that Bitcoin could trigger financial meltdown. + +[https://www.theguardian.com/technology/2021/oct/13/bitcoin-could-trigger-financial-meltdown-warns-bank-of-england-deputy](https://www.theguardian.com/technology/2021/oct/13/bitcoin-could-trigger-financial-meltdown-warns-bank-of-england-deputy) + +I live in the UK, and we are in the middle of some rather serious economic problems. + +We have runaway inflation, we have a housing bubble that the government keeps pouring fuel on. We have rock bottom interest rates that the Bank of England are too scared to increase due to the housing bubble. We have energy prices going through the roof, a potential trade war with the EU due to the idiocy of Brexit, and wages that have been broadly stagnant for a decade. We also have a government that has implemented the highest peace-time taxes the Country has ever seen and a social care crisis due to our ageing population. Throw in our endless printing of money and the sums that have been spent on dodgy covid contracts, we are not in a good place. + +And despite all this, they have the audacity to claim crypto is the real threat?!! We can't even seemingly stock our shops properly at the moment and we've just had a petrol (gas) shortage! Crypto is not the issue facing the UK! + +Honestly, the desperation of the central banks is at this point clear for all to see. We have immediate and serious economic problems that need to be urgently addressed, but they would rather create bogeymen. + +I nearly spat my tea out! +Apologies I've been a bit slow to publish the results from the [survey I did on UKPF in November](https://www.reddit.com/r/UKPersonalFinance/comments/jxmtk9/how_has_the_pandemic_affected_your_financial/). + +Thanks to all the 2,300+ of you who responded! It turns out.... + +* 64.2% have either 'increased their savings' or 'saved a substantial amount' +* main reasons for this are: 81.6% 'not socialising with friends & family' + 76.5% not going out for entertainment + 67.6% not commuting or using public transport + 60.8% not buying lunch at work +* 37.6% of respondents say they've used these extra savings to put money aside to buy a house +* yet only 32.9% feel optimistic about buying a property + only 8.4% feel now is a good time to buy + only 7% feel they have a wide range of mortgage options available to them +* 28.8% say the pandemic has made them want to buy a home with outdoor space + 29.5% want to buy a home with a spare room for an office + but only 8.6% feel like they want to move out of an urban location + +Nothing unexpected in there, but it's good to quantify the trends people and press were discussing anecdotally. + +I should apologise for not doing a great job structuring the questionnaire, as was made clear to me in the original post. If there's a next time, I'll make sure to do a better job. +This needs to be addressed and nipped in the bud pronto. + +Many a sub have been eliminated for “inciting violence” whether it’s from the legit users or not. I’m worried our beloved Superstonk is destined for the same destination. + +Ape no fight Ape + +Ape no fight with fists + +Ape fight with newly wrinkled brain. + +That is all. +https://energysavingtrust.org.uk/grants-and-loans/electric-vehicle-loan/ + +- New EV - up to £28k loan +- Second hand EV - up to £20k loan +- New Electric motorcycle - up to £10k loan +- Second hand Electric motorcycle - up to £6k loan +Just splitting off an altcoin adds 7 billion USD to the total crypto market cap. + +I thought cryptotards were pissed off at FED emitting new money, but this breaks all limits. So let us maybe fork Bitcoin 10 more times and we will have 1 trillion total market cap valuation in no time. + +Does this even make sense? +Last week I opened a Roth IRA account with Fidelity and linked my bank account to transfer funds. Fidelity sent a couple deposits to my savings account, which I verified, and then moved $6k over. The next day I get an email notice from Fidelity stating " Your bank has notified us that it will not complete your transaction request because your bank account does not allow this type of transaction. " + +&#x200B; + +OK. The credit union says that ~~ETF~~ EFT (correction) are not allowed on savings accounts. I then link my checking to Fidelity, they send a couple deposits and I log in to Fidelity to verify. Fidelity website tells me that my account is locked and I need to call to reset my password. I call and reset my password. Now I sign in and the verify account page gives an "something went wrong" error. + +&#x200B; + +I call Fidelity again and after a bunch of back and forth I am told there is a restriction on my account and they cannot tell why. I then hold for over an hour to talk to someone in the "back office." They ask me tons of questions to both verify my identity and then questions like 'where did I hear about Fidelity', 'what type of funds were I planning on putting in the IRA' and 'what was I planning on using the IRA for' (uhh.... retirement savings??). I am then placed on hold again for \~20 minutes. + +&#x200B; + +The rep comes back on the phone and tells me **"Fidelity has decided to decline to do any business with you. Your accounts will remain frozen and disabled. Those are the only comments I have."** Why have they decided that they want nothing to do with me?? What looks fraudulent about creating an IRA? + +&#x200B; + +I did not even think about my 401K. It is serviced through Fidelity, when I try to log into that account it now responds "you are blocked" + +&#x200B; + +Edit: I called the Fidelity retirements arm and was told that they essentially can't see why but that I have been marked as "do not do business with." Accounts cannot be unlinked so I must forever do any transactions/changes/checks on my 401K by phone. + +&#x200B; + +**Edit 2**: There is a lot of thought that I may have triggered some sort of money laundering/"KYC"/ Patriot act violation. I make \~$130k/year as a mechanical engineer, however, I did just refinance a house that I bought for a little over $100k \~10 years ago as a foreclosure in a high growth area where the appraisal is now nearly $500k to get a lower interest rate and withdrew $100k cash (bringing my new 15 year mortgage back to \~$150k.) + +I've had some "not terrible/not great" spending habits over the years. So while I have money in 401ks and saving accounts I've never opened an IRA or a any other investment account. My goal here was to drop $6k into the IRA for 2021, then $6k in for 2022. In addition this month I also paid off most my other remaining debt (student loans, some equipment purchases that were low interest rate, etc.) I do know that the credit union only reports mortgages to one of the credit reporting companies (Experian). **Is the issue here that they see me having/spending money that they don't think I should have and won't tell me?!** If so is this something that will quietly solve itself in the background and one day I will magically have access back to the 401K online? + +&#x200B; + +After the conversation I am also wondering if I got one of the security questions wrong. They wanted to know my ex-wife of 10 years birthday and I'm 50/50 I got the month off by one. + +&#x200B; +So I recently accepted a job offer and there’s an interesting choice I have to make. There are two options for the pay: + +$28 an hour with PTO and paid holidays. You accrue 2 hours PTO every 40 hours worked. + +$29 an hour with no PTO and no paid holidays. + +At first I thought it was obvious I should go with the PTO but I’m thinking the math actually works out to more pay with the $1 (assuming you have no unexpected days off). This is full time btw. + +What would you choose? + +EDIT: I clarified with the recruiter and you all were right. The PTO accrues 2 hours every 40 hours worked not every 2 weeks like the other person told me. + +I should have mentioned before- they have 12 holidays off a year. + +EDIT 2: wow thank you all for your responses! Either way I choose this will be the most I’ve ever made and this will be so good for my family. I think I will choose the PTO. +I used to hear about Ethereum almost as often as I did about Bitcoin. And I was wondering if I should buy it. Is Ethereum a good investment, or has it passed its prime? + + +Numerous reliable sources informed me that Ethereum was the foundation for many technologies and coins. But I was still unsure if I should invest in Ethereum. + + +What would be your advice? Is now a good time to invest in Ethereum? + + +I'm interested in Ethereum for many reasons, I know it is new, it came out in 2016 and it still has bugs here and there, but as I've seen so far for people who are willing to be involved and try this new technology, it can prove quite profitable. + + +What I appreciate the most about Ethereum is it's decentralized, the other thing I'm not so satisfied with is Ethereum's expensive gas fees but still, there's Metis as an L2 solution. + + +What would you say what's the biggest NO when it comes to Ethereum? + + +I even did some research on the difference between Ethereum and Bitcoin, as I figured it out, on Bitcoin you can store value and pay for things, while with Ethereum, you can program smart contracts, tokenize assets, and more. + + +The only thing I was worried is that I heard that the biggest security threat to Ethereum happened back in May 2016, how safe is Ethereum? I know that since then, Ethereum has improved its smart contract code and worked on security and this is why no security issue happened ever since. But cryptocurrency hackers are still a threat. Should I be worried about that? + + +So, guys, what do you have to say? +Basically, a Yale economics prof said this in a recent interview. The article, below, left me asking - ok but WHAT ARE THE CRITERIA / CIRCUMSTANCES under which home prices will rise vs fall in the coming years? + +Let's have an "IF THIS THEN THAT" type of discussion/debate to help everyone here better understand what's coming down the line. + +For example: +IF inflation keeps rising, THEN so will home prices. + +Discuss. + +Another: +IF inflation keeps rising, THEN the Fed will raise interest rates and it will become more expensive to purchase a house bc it will require a larger down payment and will come with a higher interest rate. - - So home prices will fall. + +Discuss. (for instance, even if you agree with the premise, what are the factors that might make this happen or not and how likely is it?) + +... That sort of thing. + +The yield on the 10-year T note just ticked up considerably.... Oil prices are rising... Have a theory? (Doesn't have to be all about inflation), drop it here and discuss. + +The (stupid) article : +https://money.yahoo.com/home-prices-will-see-big-declines-in-coming-years-225857861.html +... I just saw that the DRS bot has 1.500.000 shares registered on under 10.000 individual apes so far, meaning an average of more than 150 shares per ape. Only here in tiny Sweden with our 10,3mn citizens, on my specific broker alone there are 20.900 individual GME owners. Here, in this relatively tiny country on a single broker! If we assume the same average, then that would mean 4.350.000 share owned just via my broker! That's insane! + +Then, just think of all the owners on other brokers, institutional ownership etc, and extend that around the world to far bigger countries. There is no chance in hell we don't own the float multiple times over, and don't let the SHF's talking heads tell you otherwise. + +&#x200B; + +The DD is rock solid, the hedge funds are desperate, the price is wrong! +Went to a few inspections in the Preston/Reservoir/Thomastown and Blackburn areas today. + +- First two places were both 2 bedroom units two weeks from Auction day (April 4). One agent said that the owners were open to early offers. The second said that although early offers were being considered, they're still pretty set on going to auction. + +- Third inspection was cancelled - the property was meant to go to auction next Saturday but the owners took an early offer on Friday. Went for about $90k above the top price listed in the statement of information. + +- Fourth place is also going to auction on April 4th. There were three or four groups, including myself. Real Estate Agent was pretty firmly against early offers and set on an auction. + +- Last house was an auction for a 2br over in Box Hill North - 5 or so bidders and about 40 people in attendance, but almost everyone was in facemasks and practicing social distancing so it was very spread out. Auctioneer seemed a bit racist and kept making fun of a Chinese family that was bidding but didn't seem to speak English and had no interpreter. What a dick. + +Takeaways: + +- Real estate agents were shocking on health & social distancing. No real estate agents had hand sanitsier or any visible soaps or cleaning products. Three of the four I spoke to at inspections tried to shake my hand, and the auctioneer mob had a few attempts at shaking hands, most of which were rejected. None kept a decent distance. They all need to lift their game, especially Ray White. + +- Some sellers are taking COVID 19 into account and looking to close early but others seem oblivious and are firm on going to auction anyway. + +- Buyers still seem to be in the market for now, but there was a lot less foot traffic than I've seen previously in the area. +Calculator is here: + +https://rateseeker.com.au/calculators/rent-vs-buy-calculator/ + +Obviously it's in their interest to encourage people to take out large loans, but the calculator is clearly broken. Consider these two scenarios just to illustrate how broken this is: + +**Scenario 1** + +- I pay $1K a month in rent today +- I can buy an equivalent property for $1M +- I have $100K saved + +*Calculator result: I am better off renting by $1M after 30 years* + +**Scenario 2** + + +- I pay **$1** a month in rent today +- I can buy an equivalent property for **$10M** +- I have $100K saved + +*Calculator conclusion: I am better off* **buying** *by $4M* + +Now, **obviously** if I can rent a $10M house for $12 a year then I am better off renting in the long term, but this calculator would suggest that the **worse** the ratio of buy/rent prices the better off you are buying. The higher the purchase price, the better it is for you to take a big loan from rateseeker.com.au. + +I am honestly not sure if this is deliberate or just incompetence. It's obvious where and how the calculator is broken to be giving these kinds of incorrect answers, but it's really not ok to have this as the first google result for 'rent buy calculator Australia'. How many people have been completely misled? If you enter less extreme examples above then the fact that it is entirely broken becomes less obvious. + +Any idea where I can report it? + + + +for reference, the other variables that stay the same in the two scenarios above: Savings rate of return 8%; rent increase 2%; upfront cost $30K; ongoing cost $15K; home appreciation 2.5%; loan term 30years; interest rate 3% + +**edit:** a commenter below has noticed that the assumptions say "This calculator does not take into account the tax implications of buying and renting a property and **return on any savings or investment**". Which means they are aware of how misleading this is. Not taking into account "savings or investment" is the equivalent of saying **"in the rent scenario, we are assuming that the money you save by not making mortgage repayments is being kept under your mattress for 30 years".** +If you live near a university, try calling their psychology department and see if they have a doctoral student clinic. A friend told me about one in our town, and it's $5 a session for students, and then sliding scale for everyone else. For their sliding scale it is also $5 per session for anyone who makes under $30k a year. It is students, but it's doctoral students being supervised via recording. There are confidentiality rules they follow, so it's as confidential as seeing an actual therapist. I know this isn't an option for everyone, but I figured it was still worth sharing in case it did end up helping someone out. They don't usually do a lot of advertising because they would get way too many people. +I have invested and put money away into crypto and now I have enough to completely clear my credit card debt. I have about 6k in debt and only just enough in crypto to pay that off entirely. + +Some pertinent details. Losing my portfolio would be mean losing most of my net worth. I have more money tucked away but probably only about a month or two worth. I am also expecting a new job as a RE agent soon so I’m not sure what’s the best course of action. I just really like the idea of being debt free and credit card debt is just a nightmare to pay off over time. + +Im aware that I’m seeking financial advice from social media so I will take everything with a grain of salt. + +Edit: thank you for defining what net worth means. To clarify, I mean losing my portfolio would mean losing most of assets. + +To clarify further, I am not buy crypto with my credit card. I have cc debt and I also happen to have crypto. +Sorry I know these sorts of posts are a bit annoying but honestly it's taken some time to get here and I'm pretty excited for what it could do for my retirement down the road sometime. + +I want to hold for the next 10 years and fingers crossed it works out well for me! +In the past month, I've double downed on paying off everything. For the first time in my life, I can honestly say that I am completely debt-free. However, I have also watched my credit score go slowly down from the "Excellent" range to the "Very Good" range.... again. + +I had someone here tell me that he would much rather be fiscally responsible, than have a higher credit score rating. My buddy has a credit score, well into the 800's, and he is up to his eyeballs in debt. He needed to make a down payment in cash for something, but since he didn't have any in the bank, he had to borrow it against his credit cards. Yes, that's plural. I couldn't even imagine having to do that, as I always have something in my account(s). + +For all of that, his score stays the same and/or fluctuates very little, while mine is on a slow slope going downward. I click the link in my FICO score to see, "what is hurting my score" and it pretty much tells me that I don't have a "variety" of loans. + +https://imgur.com/xNAVmcm + +It's still a great score, but I feel that if you pay off your debt, it should go up. If you don't pay on your debt, it goes down, right? It seems crazy. +Finally reached my FIRE number, but due to the complications of the current COVID situation, decided to stay at work keeping a holding pattern until things get resolved. I am sharing this information here because I rather not talk about it with family and friends for obvious reasons. + +To be specific about the reason for the delay, SO and I are holders of the MM2H (Malaysia My Second Home) retirement VISA that we applied for a few years ago. Our plan is to retire and settle in the island of Penang, which is the second largest urban center in Malaysia and about 4 hours drive from Kuala Lumpur. However, because of COVID, any non-citizen trying to go in has to file a lot of paperwork and subject themselves to an expensive and very strict 14 day quarantine in a government designated hotel, and you cannot leave your room for any reason during these 14 days. Plus, as of right now, everyone in Malaysia is under severe movement restrictions. Because of that, I've decide that there is little benefit leaving right now and that we'll be better off keeping the status quo, collecting a steady paycheck and pulling the plug once the situation becomes a little more normal. We hope that with vaccines rolling out worldwide, things should be somewhat close to normal by the end of the year. If that assumption holds, I will be quitting my job then. Before you ask: Yes, we have been to Malaysia. Several times, actually. So we know what we are getting into. + +A little bit about ourselves. + +\- SO and I are in our early 40s, with no dependents. We both immigrated to the US when we were teens and met at a local 3rd tier, accepts almost anyone, state university that you probably never heard of. + +\- I work for a FAANG, but on the marketing side. SO stays at home. Total annual compensation is around $400K (salary + bonus + equity). We current live in a VHCOL area. + +\- We rented our entire lives and plan on continue to do so after retirement. We have no real estate investments and no plans on acquiring any real estate in the future. Nothing against it, just not our thing. + +\- $4M total in assets, mostly in VTSAX and VTIAX. About $3M in a taxable account and the rest in a 401K and Roth IRA. + +\- Did not invest a single dime in crypto. Ever. I understand blockchain and its benefits, but I do not understand the value of cryptocurrencies as investment vehicle. Maybe I just too old and stupid to grasp it. But I congratulate everyone who got on the bandwagon early and made it big. You saw something I could not and still can't, so kudos to you. + +We plan on living on \~$45K year in Malaysia. This would get us a luxury condo by the beach, platinum health coverage, plus a quite comfortable overall lifestyle with 1Gbs fiber home internet, generous groceries, budget to eat out, go to events, and the occasional travel. + +Running the numbers, I think I might be able to live off dividends, even though that was not the original plan. We were originally planning a 3% SWR, but after visiting Malaysia, we realized that this might be overkill. The dividends alone from our Vanguard funds should be more than enough to finance our lifestyle. This will also means that I will not need to worry about the ups and downs of the stock market, which I find to be quite liberating. + +To be clear, I am NOT advocating for a dividend investment strategy and we never adopted one ourselves. I only pointing out that for our particular case, we came to the realization later in the journey that dividends might be enough to pay for our needs. + +&#x200B; + +Happy to answer any questions, but will refrain from sharing any details that might help identify us. + +&#x200B; + +EDIT: If you want to know more about Penang and how life is there, [watch this](https://youtu.be/n_uJcAkX-SA). +and we'll buy more. +Ref: https://finance.yahoo.com/quote/gme/options?p=gme + +These PUT contracts expire tomorrow, and they'll try do go down to exercise them and make people think that someone sold. This is a planned move. Pretty amusing I must admit. There are so many wrinkled apes that how they thought this going to go unnoticed? +The loop around the HFs is tightening so this desperation doesn't surprise me. Remember why the volume is so low in the first place, the clock is ticking. + +not an investment advice +Guten Tag to this worldwide community of Apes! 👋🦍 + +Less than 10 minutes into the trading session yesterday, and GME had already hit $231 - at which point the SHF algorithms kicked in and shorted aggressively to try to contain the breakout. That 8-minute candle was quite exciting to see! Nevertheless, with nearly 60% short volume for the day they were only able to push it down a tiny bit. The early-August FTD numbers combined with the tightening vise of the quarterly futures cycle are putting more and more upward pressure on GME. Apes will HODL with Diamantenhände for as long as it takes to see that day come. + +Today is Thursday, September 2nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$210.80 / 178,39 €** *(volume: 794)* +- 🟩 115 minutes in: $211.08 / 178,62 € *(volume: 786)* +- ⬜ 110 minutes in: $210.80 / 178,39 € *(volume: 712)* +- 🟥 105 minutes in: $210.80 / 178,39 € *(volume: 698)* +- 🟥 100 minutes in: $211.16 / 178,69 € *(volume: 696)* +- 🟩 95 minutes in: $211.20 / 178,73 € *(volume: 678)* +- 🟥 90 minutes in: $210.84 / 178,43 € *(volume: 676)* +- 🟩 85 minutes in: $211.08 / 178,62 € *(volume: 673)* +- 🟥 80 minutes in: $210.87 / 178,45 € *(volume: 577)* +- 🟥 75 minutes in: $211.30 / 178,81 € *(volume: 577)* +- 🟥 70 minutes in: $212.66 / 179,96 € *(volume: 541)* +- 🟩 65 minutes in: $213.65 / 180,80 € *(volume: 439)* +- 🟩 60 minutes in: $212.25 / 179,61 € *(volume: 428)* +- 🟥 55 minutes in: $211.85 / 179,27 € *(volume: 400)* +- 🟩 50 minutes in: $211.86 / 179,29 € *(volume: 386)* +- 🟩 45 minutes in: $211.80 / 179,24 € *(volume: 369)* +- 🟥 40 minutes in: $211.75 / 179,19 € *(volume: 356)* +- 🟥 US close price: $212.97 / 180,22 € *($210.57 / 178,19 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1817. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Drowsy 2am rant cause I have nothing else to do!! + +Now seeing a bunch of posts and comments gaining lots of traction about hedgies (JP Morgan) wanting to let it rip to $1000 during the holidays and then crashing it before the "real MOASS" +They are already planting the seed in your brain to sell and get back in at lower price, you think you are very slick and will outsmart thousands of other people thinking the same thing. + +This sounds to me like they are baiting weekly options gamblers and paper hands to try and swing trade, CAREFUL you might sell and wait for a dip that never comes. And have no option but to sit back and watch it hit 5k 10k 15k 50k 69k etc etc etc + +I've read many comments way back say "if ROBBINGTHEHOOD wouldn't have shut off the BUY button all this would have been over and everyone would have sold at $1000", well DONT BE SURPRISED if that's the only card hedgies got 🤣🤣🤣 but we are SOOOO passed that, for me it comes down to NO CELL, NO SELL + + +BUCKLE UP, DON'T JUMP OFF THE FUCKING🚀 🚀🚀 WHEN YOU 1ST SEE SOME CLOUDS!!!!! + +BUY, HODL, DRS IS THE WAY + + +Definitely not finacial advise, as you can see my redacting skills are those of a middle schooler!!! + +Edit: by "rant" I just meant observation or PSA +I been noticing a very disturbing trend. It follows the pattern of “whole life savings on $WISH” gets thousands of up votes. Then the post of people making $100k on some dumb app like Robin Hood. + +I just have a feeling that there is something more. I think there are larger forces behind it. Some people with the means to move the price of a stock. And I think these people of means are fooling people into putting large amounts of money and manipulate the price to rob people. + +Am I crazy? +Good afternoon my fellow autists, + +Wanted to put out a quick update to you all with today's largest options trades for GME. Shown in the image below. + +[GME Biggest Trades 4-8-2021](https://preview.redd.it/l89szr0br0s61.jpg?width=1220&format=pjpg&auto=webp&s=1459b550806b9371a5294172a2b1e32a650901fb) + +As you can see, not a single large trade came out of the PHLX exchange meaning that its very likely these DEEP ITM calls were left totally untouched today. We will continue to monitor the situation to fully understand the impacts of the implementation of DTC 005 and its impact on our beloved GME. + +Keeping this one brief today but feel free to fire away any questions you have in the comments and I will try to get to as many as I can. + +Since a lot of people have been asking: New DTCC rule basically enables a tracking system so they can only use this method once more and then the shares will be tracked and they wont be able to use the same method on the already tagged shares. + +u/dan_bren out +I understand some of you kids got lucky and made an easy profit on GNUS and ran off to tell your friends, but can you be like, a little more witty with your mundane humour and less loud? + +The best thing about this sub was that you sorted by new and you could find great DD on stocks, news on new runners and whatnot. +Now it’s just a bunch of GNUS bagholders and pumpers trying to pump their stocks that are already %200 up, its getting really old really fast, settle down fellas. + +You have mega threads for a reason, use them. + +Your daddy. +Curious to know what others on here take care of as the landlord vs what you pass on to your tenants. + +On the spectrum of changing lightbulbs / smoke detector batteries all the way to repairing water damage / leaks - where do you draw the line? + +For some context, I’m planning on becoming a landlord for my first rental property in the near future and am investing about 2 hours away from my residence. I’d like to manage it myself in the beginning so I’m attempting to gauge what the travel situation might look like. +I'm sure that many iterations of this questions have been asked, but I was hoping to bring a bit more engagement from OP than previous threads have had. + +Generally speaking, if you pick an area like NYC, Bay Area, Seattle, Vancouver, you will be extremely fortunate to break even in your cash flows, STR or LTR. If you pick somewhere like the flyover parts of the Midwest, you will heavily cash flow at a 20%+ ROI for a LTR. I wouldn't try STRs there. + +The sweetspot seems to be some area that is undervalued but is on the cusp of a boom. e.g. Austin, Texas 10 years ago. Obviously this is incredibly difficult to predict, but what I am looking for in this thread is good discussion around why investors see various areas as indicative of high future growth. + +My personal experience has led me to believe that Phoenix is an excellent area for STR investing. Though there aren't many traditional attractions in the area, it consistently gets quite a bit of tourist and business traffic. From a building perspective, due to how dry it is in the high desert, issues of long-term moisture buildup and rot are of much lower concern than temperate climates. Granted, I do not own or operate any properties in this area, so I can't speak to it from a place of much experience. + +Places like Austin, Texas are generally considered to be overbought, and if you purchased now, you'd be overpaying for what you get. However, perhaps there is still a play in San Antonio or somewhere northwest of Austin along the colorado river. + +So: Where do you think are the hottest areas for growth where that growth is not yet fully priced in? +I recently moved into an apartment and discovered two gifts wrapped in a bow. One was a spatula and spoon in the kitchen, the other was a plunger for the bathroom. While the kitchen gift was cute but of questionable practicality to the landlord, the plunger absolutely made sense. I could see this easily saving the landlord $50 with a single one-time use. This had me thinking whether I should include any other gifts for my tenants. +Guten Morgen to this global band of Apes! 👋🦍 + +These are wild times indeed. +Yesterday, I was convinced that the split shares disappearing over the weekend would be sorted out in short order, but the issue appears to have ignited a major controversy. +It seems that the DTCC treated the split-by-dividend as a split, and did not distribute any of the dividend shares. +They told the brokers who they were obligated to provide splividend shares to that it should be treated as a split. +They caused international brokers to do a 4:1 split. +The question remains, though. +Why did the DTCC do this? + +This event, while very unsettling, is also very exciting to me. +While not incredibly common, a split in the form of a stock dividend is far from unusual. +GameStop did not tread some unknown path here. +While some brokerages may have unconventional ways of handling such events, they will undoubtedly have done such transactions in the past for other securities. +The fact that this highly-anticipated, high-visibility split was mismanaged so spectacularly is telling. + +There is a reason that the DTCC attempted this approach. +They knew that they would not have the shares to distribute for the dividend. +The DTCC is likely the one place that knows *exactly* how many phantom shares exist. +They know how many dividend shares they'd receive to distribute. +They chose to tell the brokerages that this was a simple stock split so the brokerages would not come asking for the shares to distribute. + +I have no idea how this is going to play out, but I am incredibly excited for what is ahead. +The split by dividend is the match that ignited a fire that they are scrambling to put out. +Meanwhile, Apes around the world HODL with Diamantenhände, fanning the flames with stacks of DRS confirmation letters. + +Today is Tuesday, August 2nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$34.35 / 33,56 €** *(volume: 3781)* +- 🟥 115 minutes in: $34.21 / 33,43 € *(volume: 3657)* +- 🟥 110 minutes in: $34.51 / 33,73 € *(volume: 2210)* +- 🟥 105 minutes in: $34.52 / 33,73 € *(volume: 2210)* +- 🟩 100 minutes in: $34.52 / 33,73 € *(volume: 2186)* +- ⬜ 95 minutes in: $34.46 / 33,67 € *(volume: 1882)* +- 🟩 90 minutes in: $34.46 / 33,67 € *(volume: 1475)* +- 🟩 85 minutes in: $34.14 / 33,36 € *(volume: 1350)* +- ⬜ 80 minutes in: $34.11 / 33,34 € *(volume: 1325)* +- 🟩 75 minutes in: $34.11 / 33,34 € *(volume: 1308)* +- 🟥 70 minutes in: $34.11 / 33,33 € *(volume: 1238)* +- 🟥 65 minutes in: $34.52 / 33,73 € *(volume: 899)* +- 🟩 60 minutes in: $34.53 / 33,75 € *(volume: 849)* +- 🟥 55 minutes in: $34.53 / 33,74 € *(volume: 768)* +- 🟥 50 minutes in: $34.53 / 33,74 € *(volume: 768)* +- 🟩 45 minutes in: $34.55 / 33,76 € *(volume: 753)* +- 🟩 40 minutes in: $34.53 / 33,74 € *(volume: 724)* +- 🟩 35 minutes in: $34.52 / 33,73 € *(volume: 657)* +- ⬜ 30 minutes in: $34.51 / 33,72 € *(volume: 557)* +- 🟥 25 minutes in: $34.51 / 33,72 € *(volume: 252)* +- 🟩 20 minutes in: $34.52 / 33,73 € *(volume: 245)* +- 🟩 15 minutes in: $34.49 / 33,70 € *(volume: 245)* +- 🟩 10 minutes in: $34.48 / 33,70 € *(volume: 206)* +- 🟩 5 minutes in: $34.48 / 33,69 € *(volume: 167)* +- 🟥 0 minutes in: $34.44 / 33,66 € *(volume: 167)* +- 🟩 US close price: $34.78 / 33,99 € *($34.62 / 33,83 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0233. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +**\*Obligatory - I am not a financial advisor and do not provide financial advice. This post should not be construed as financial advice.** + +[u/PublicServantN1](https://www.reddit.com/u/PublicServantN1/) sent me a link to this comment which was submitted to the SEC by B. Thomas on 2/10/22 for proposed rule, NSCC-2021-10. The reddit user account is brand new so I was a bit skeptical, but reviewing the comment and reading the rule language, this rule comment makes sense to me. Thank you for sending it to me, kind stranger. + +**TL;DR** My interpretation of the comment is this; Securities Finance Transactions (SFTs) will be used to obscure abusive short selling with this rule. + +I am going to copy/paste the comment. Links to the information, including how to submit your own comment will be at the bottom of the post (don't dox yourself if you're going to comment). All investors should review this information for themselves to come to their own conclusions. + +# B. Thomas NSCC-2021-10 Proposed Rule Comment + +Proposed rule change SR-NSCC-2021-010 should be disapproved under Section 19(b)(2) of the Exchange Act. + +Proposed rule change SR-NSCC-2021-010 fails to accurately fulfill the requirements of Title VIII of the Dodd- Frank Wall Street Reform and Consumer Protection Act Sections 806(e)(1)(C)(i),806(e)(1)(C)(ii), and 806(e)(1)(D). + +SR-NSCC-2021-010 Section I omits the purpose of the proposed rule change. The language from Section I, is repeated under Section II(A)(1) titled: purpose. Items (i), (ii), (iii), and (iv) in the referenced section are inaccurately represented as the purpose of the rule change. Rather, these are the privileges that will be granted to the NSCC and NSCC Members as a result of the proposed rule change. The purpose of the rule change should be described as the reason(s) that the listed privileges have been proposed and the equally distributed benefit that all market participants would gain from implementation of the rule change. However this benchmark is not achieved in the contents of the proposed rule change. It is shown that any perceived benefits are disproportionally received by select elite entities, as described herein. It is shown that the purpose is to obscure negligent risk behavior of NSCC members, and potentially even further facilitate this behavior. + +Section II(A)(1)(i) paragraph 2 sentence 1, SFTs largely do not involve the owner of securities.The lender of the securities may have the rights from the owner of the securities to lend the securities, but the lender is not typically the owner. This introduces an additional level of risk that is omitted from SR-NSCC-2021-010. In the case that the lender has legal rights to lend the securities but does not own them, the lender takes no risk in the risk-situation that they have just facilitated, the risk-situations NSCC describes in the rule change, as commented on herein. The lender has directly contributed to devaluing their customer’s asset by lending it to short sellers.The lender takes no responsibility in considering the level of risk being that the lender has nothing to lose, yet market risk is introduced twofold: 1) The lender has contributed to devaluing a customer’s portfolio, which is most likely leveraged on margin as this is common practice and therefore creates customer risk, and potentially greater market risk depending on the size of the customer 2) The lender has created an SFT in which they have no stake in the underlying investment, and are therefore detached from the SFT as an investor. In a true SFT the lender-owner believes that they will make more money from the interest of the SFT to offset any potential devaluation of the underlying from short selling, while the borrower believes the opposite. The lender-owner would not offer a SFT if it is believed that the depreciation of the asset through short selling would be greater than the interest from the SFT. In a detached SFT,this consideration is not made, the detached-lender’s only consideration is that they will receive interest on the loan. This creates a prime environment for abusive short selling, where lenders enabling the short selling take no risk and make no consideration to the risk that they are creating. + +Section II(A)(1)(i) paragraph 2 sentence 4, SFTs are only needed to provide liquidity if Market Makers have failed to operate as required. SFTs should not be justified in the name of market liquidity. SFTs should not be used to make DELIVERY on short-sales, and thereby avoid FTDs. SFTs should be used to ENTER a short sale if the short seller does not own the security(however, this itself presents risk to the market, the only way to adequately manage that risk is to require that the short-seller actually own the security. The counter-argument that, the short-seller is speculating that the security value will decrease and should not need to own the security as an investment, is not a valid rebuttal. Short-selling should be exactly as that statement indicates,which is a speculation that the value of the security will decrease to some extent. The rebuttal defends what all short selling has become today, which is abusive short selling that manipulates the value of a security to be devalued to worthless through trading techniques in no relation to the fundamentals of the security itself. It is seen that the investor would not want to own the security when practicing abusive short selling, and unnaturally creating massive market risk.This point is beyond the scope of this comment response). If SFTs are used to deliver short-sales,that means that the initial short-sale was already a naked-short, which violates SEC REG SHO.Before even entering the description of the proposed rule change, NSCC has confirmed knowledge of market corruption, securities law violations, and market manipulation. The proposed rule change would shield, and possibly further enable, these activities. + +# Capital Efficiency Opportunities + +Section II(A)(1)(i) paragraph 3 sentence 1, NSCC believes that Basel III capital and leverage requirements enacted to protect the market, hinder NSCC Members from entering SFTs. NSCC highlights the inherent risk any SFTs have on the market, by explaining that SFTs require higher capital and lower leverage requirements than normal trading. + +Section II(A)(1)(i) paragraph 3 sentence 1, NSCC believes that Basel III capital and leverage requirements enacted to protect the market, hinder NSCC Members from entering SFTs. NSCC highlights the inherent risk any SFTs have on the market, by explaining that SFTs require higher capital and lower leverage requirements than normal trading. + +Section II(A)(1)(i) paragraph 3 sentence 2, NSCC believes that the rule change will further increase the ability of NSCC Members to enter SFTs. This indicates that the rule change will make the inherent risks SFTs have on the market more prominent, through increasing SFT availability and accessibility. + +Section II(A)(1)(i) paragraph 4 sentence 4, NSCC indicates that the proposed netted balance sheet method helps NSCC Members to reduce the amount of regulatory capital required by regulatory capital requirements. This indicates that the rule change will increase the risk that NSCC Members exert of the overall market, by lowering the capital requirements to make lofty bets. + +Section II(A)(1)(i) paragraph 5 ALL, NSCC continues their profound obsession to maximize the risk in financial markets by facilitating ways for their Members to dodge regulatory capital requirements. There is no reason a securities regulation should be proposed to absolve any select participants from established capital requirements that are used to mitigate risk, other than to facilitate market corruption. These participants are the ones involved in creating the greatest market risk in the first place. + +# Fire Sale Risk Mitigation + +Section II(A)(1)(i) paragraph 10 and 11, NSCC elaborates how their Members already utilize SFTs and create great market risk. If the borrower defaults, there is a potential fire sale scenario where all owners of affected securities suffer loss. The rule change will increase the availability of SFTs to NSCC Members, even though SFTs are already a significant contributor to the underlying reason of Member defaults. This indicates that the rule change will potentially increase the level of negligent risk behavior of NSCC Members. + +Section II(A)(1)(i) paragraph 12, NSCC explains that in the event of a NSCC Member default,the NSCC will only liquidate the Net positions, and not the Gross positions of the participant.The justification is that less positions will be closed, and therefore less price impact inflicted to the affected securities. NSCC indicates that NSCC Members take such negligent risks, on such a high volume of securities, that action must be taken so that in the event of a default, the market impact is minimized. The rule change indicates no proposal to prevent the negligent risk ofMembers. Instead, the rule proposes to protect the negligent NSCC Member activity by making sure that the Member does not go bankrupt in the event of default, and has a high change to recover. Meaning, the defaulting Member will re-emerge in the market to perpetuate their negligent risk behavior. The proposed rule directly stimulates increased risk behavior by minimizing the downside to the risk-taker. In the event of a Member default, the defaulter should in no case be protected from full default, and great effort should be made to maintain the investments of unaffiliated parties of the defaulter. Per NSCC requirements, NSCC and remaining Members are responsible for the open portfolio positions of the defaulting Member.The only reason for a fire sale as a result of liquidation of the Member’s positions would be directly from NSCC’s actions to close the positions haphazardly. The rule not only further facilitates NSCC Member negligence, but it also facilitates the negligence of the NSCC itself.The rule enables the NSCC to limit their own loss as a result of Member negligence, which removes responsibility and accountability from the NSCC as an SRO to ensure that NSCC Members are following securities laws and not engaging in high risk behavior. + +# Liquidity Drain Risk Mitigation + +Section II(A)(1)(i) paragraph 13, generally the paragraph does not warrant comment, it only re-describes that NSCC Members overextend their positions and create high risk situations, which can have far reaching impact beyond the Member itself and cause market wide downturn.Section II(A)(1)(i) paragraph 13 sentence 4, if a borrower needs to re-borrow a security to deliver it to a counter party, that means that the said borrower did not own the security or have the security borrowed for the short sale. This is naked shorting and is illegal under SEC REG SHO. Illegal naked shorting activity has been referenced again in the rule proposal, and glossed over as normal market activity. + +The remainder of the proposed rule change only provides the details of the system NSCC would like to implement to further perpetuate illegal, negligent, high-risk behavior of its Members. As described up to this point, there is significant reason to disapprove this rule change. The proposal itself should be replaced with a new NSCC rule change proposal as to how NSCC will reduce the vast market risk imposed by NSCC Members, to possibly include considerations such as: increase capital requirements, NSCC defaulting Member portfolio unwinding procedures, NSCC obligations to make market participants whole from negligent NSCC Member actions, etc. + +Note, this comment has been refiled under SR-NSCC-2021-010 comment section, from originalSR-NSCC-2021-803 submission on 2/9/22, and has been minorly revised for clarity. + +**End of Comment** + +Here are supporting links to help you review this information for yourself: + +[SEC Rule Filings for NSCC-2021-10](https://www.sec.gov/rules/sro/nscc/nsccarchive/nsccarchive2021.htm#SR-NSCC-2021-010) (You can submit comments to the rule on this page as well by clicking the "submit comments" link. Comment period is reopened) + +[Comment Page for Proposed NSCC-2021-10 (including the above comment by B. Thomas)](https://www.sec.gov/comments/sr-nscc-2021-010/srnscc2021010.htm) + +[DTCC Learning Center: Securities Financing (SFT) Clearing](https://dtcclearning.com/products-and-services/equities-clearing/sft-clearing.html) + +[u/JustBeingPunny](https://www.reddit.com/u/JustBeingPunny/) originally called out this SFT system as "another way to f\*ck retail" about 2 months ago [here](https://www.reddit.com/r/Superstonk/comments/r3pjfx/the_nscc_are_trying_to_set_up_the_securities/?utm_source=share&utm_medium=web2x&context=3). + +EDIT 1: Whole bunch of formatting issues popped up +Guten Tag to this global band of Apes! 👋🦍 + +Apes, after only two days it feels like we've already had a full week of SHF fuckery. Nevertheless, I have never seen the resolve within this community stronger. The third wave of DRS hasn't wavered, shares are rapidly being transferred out of brokers that use Apex clearing, and Apes have been buying at what must be an alarming rate to the institutions that are just trying to shake us off. This pattern has persisted for *months*, but yet they keep selling us phantom shares and we keep buying them and whisking them off to safety at ComputerShare. + +Meanwhile, the broader market is in very unstable territory, jeopardizing the capital that might have been preventing margin calls. While their prime brokers are probably terrified of the day that they have to start closing the short positions, at some point they will have to recognize that the balance sheets get worse each day, and there is no way out that doesn't leave a trail of broken financial institutions in its wake. + +That day approaches, my friends, but they haven't given up yet. Prepare your Diamantenhände for extraordinary levels of FUD, and gather together as we anticipate what is to come. I delight in seeing the far reaches of the world that this movement has touched, and look forward to sharing the MOASS with all of you. + +Today is Wednesday, January 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$98.98 / 87,84 €** *(volume: 2571)* +- 🟥 115 minutes in: $99.03 / 87,89 € *(volume: 2520)* +- 🟥 110 minutes in: $99.09 / 87,94 € *(volume: 2250)* +- 🟥 105 minutes in: $99.45 / 88,25 € *(volume: 1755)* +- 🟩 100 minutes in: $99.51 / 88,31 € *(volume: 1752)* +- ⬜ 95 minutes in: $99.38 / 88,20 € *(volume: 1647)* +- 🟩 90 minutes in: $99.38 / 88,20 € *(volume: 1502)* +- 🟩 85 minutes in: $99.31 / 88,13 € *(volume: 1492)* +- 🟥 80 minutes in: $99.20 / 88,03 € *(volume: 1484)* +- 🟩 75 minutes in: $99.20 / 88,04 € *(volume: 1453)* +- 🟩 70 minutes in: $99.08 / 87,93 € *(volume: 1424)* +- 🟩 65 minutes in: $98.94 / 87,81 € *(volume: 1394)* +- 🟥 60 minutes in: $98.76 / 87,65 € *(volume: 1251)* +- 🟩 55 minutes in: $98.84 / 87,72 € *(volume: 1179)* +- 🟥 50 minutes in: $98.77 / 87,66 € *(volume: 1175)* +- 🟩 45 minutes in: $99.46 / 88,27 € *(volume: 752)* +- 🟩 40 minutes in: $99.43 / 88,25 € *(volume: 751)* +- 🟩 35 minutes in: $98.91 / 87,78 € *(volume: 584)* +- 🟩 30 minutes in: $98.85 / 87,73 € *(volume: 581)* +- 🟩 25 minutes in: $98.73 / 87,62 € *(volume: 574)* +- 🟩 20 minutes in: $98.49 / 87,41 € *(volume: 479)* +- 🟥 15 minutes in: $98.15 / 87,10 € *(volume: 365)* +- 🟥 10 minutes in: $98.21 / 87,16 € *(volume: 335)* +- 🟥 5 minutes in: $98.60 / 87,50 € *(volume: 176)* +- 🟥 0 minutes in: $98.65 / 87,55 € *(volume: 80)* +- 🟥 US close price: $99.79 / 88,56 € *($98.60 / 87,50 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1268. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +*Tl;dr.* I work 2 jobs, purchased a house, and got married all within the last year. My side hobby is starting to become profitable and I might rent out one of my rooms starting in 2018. I normally like doing my own taxes and tracking my own $$. But with all these changes I am worried about missing out on benefits. Would it be worth finding an accountant? Or at least consider professional tax service? + +*Income:* I work 2 jobs. I'm a Federal employee salaried at $67,000 and a part time job that makes about $14,000 for a combined gross income of just over $81,000. I'm considering renting a spare room to a friend starting in April. I've looked at r/legaladvice's landlord & tenants guide and I feel confident that I'll be a functional landlord. I have a lease drawn up and I've read lots of cautionary tales. Additional income would be $5,000 per year from renting. My craftsman hobby just turned a profit this past year, I made $2000 profit selling my works. Normally my products are gifts or done at-cost, but last year i had some business commissions and I made more money than expected. If this trend continues, when do I need to declare this hobby as a source of income? + +*Savings:* $10,000 in employer's 401k program, and $4,000 in emergency fund (aprox 3 months expenses). I contribute the max amount to my 401k that my employer will match, which adds about $5,000 combined each year. I'll be vested in the company this Sept. + +*Expenses:* House was purchased with a VA loan $125,000 @ 3.5%. After all the other things, HOA dues, and property taxes, I pay $780/month for my home. Water&sewage are $60, electric is $100 in summer, $250 in winter. Car is paid off, insurance is $50/ month. Student loans total $18,000 and payments are $380/month. No credit card debt. + +Total debt: $143,000 + +Monthly expenses: $1,370 + +Monthly income: $3,600 (after taxes, insurance, and retirement contributions). + +I eat out WAY too much, and I spend most of my unallocated monthly income on home improvement, project supplies, MTG cards, and travel. + +My wife and I have elected not to combine income yet, as she is teaching internationally and I do not rely on her income to sustain our stateside lifestyle. I know her take-home pay is about $25,000 after taxes. This will likely go up after she decides she's done teaching in China. My wife's student loans will be paid off after 5 years, I do not know the total. So far we have always filed separately. + +So, I guess there's 3 questions in that wall of text: + +1. Should I continue to file my own taxes? + +2. At what point should additional income be declared? + +3. Is this whole financial situation significantly complex to justify an accountant? + +**EDIT** +So... It looks like there is little consensus on what I should do with a slight majority of the comments recommending I get a CPA that is NOT associated with a chain firm. I figure I'll have an initial consultation with a few of the locals here and decide from there. + +Thank you all! +As stated above, there are lots of us like me who are financially okay now and are going to do a few fun things for ourselves but for the most part plan on spending the majority of our Moolah on our communities and so forth. There are those of you who have a fraction of a share or one share or whatever and this money is going to make your life pleasant for you and your family until you leave this earth. Don't for one second feel any guilt that you are not going to give any money to anybody else. There are those of us who are going to have the ability and will gladly take that role. But I don't want anybody on here or in your personal life guilting you into giving any of this hard-earned money away when the truth of the matter is it's needed just to make your own life fantastic! + +Cheers to ALL of us who have earned every God damned dime coming our way!! 🥂🥳 + + +POWER TO THE PLAYERS!!! + + +💎🖐🦧🚀🚀🚀🚀🚀🚀🚀 + + +Edit! First and foremost thank you for the awards all you lovely people! Secondly, it's fantastic to see everybody's dreams! Thanks for sharing with me and the rest of us Apes what's passionate to you! + +To the very few naysayers- quit being a naysayer! I don't expect people who only clear a million or two after taxes because right now they only have a fractional share or whatever to donate their money to other places. Quit being a jerk by implying that they should! There's plenty of the rest of us on here for that! +By £0.02. Yep, you read that right. No joke, I swear. Something went wrong (or right?) with the transfer from HL to Vanguard and now it says on the dashboard that I am 2p over. Do I need to do anything about this, as it does seem a silly situation to be in + +Edit: it seems that it was due to cash interest in HL that accrued before the transfer. I’m just being an idiot. +This is a tinfoil theory and not some DD. I want to make that clear before I discuss this. I don’t have a lot of experience with making posts so I’m not sure how to add pictures to this. Earlier today I commented [Here](https://www.reddit.com/r/Superstonk/comments/w68hqq/rc_tweeted_left_for_dead_on_711_msm_writes_about/ihclzc2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) about what GMErica is and what I think it means for Blockbuster and other potential partnerships GameStop can have with other companies. Someone else may have already thought of this so if this idea has already been discussed sorry to disappoint you. + +What is GMErica? +I think GMErica is an upcoming metaverse mall where other companies can open their own virtual store and help customer shop virtually in the metaverse for items. One stop shop for all shopping online for different companies. Kind of like a real world mall but online like amazon. It will have the best of both worlds. You can interact with other users online, shop around for different companies and read reviews and order it online. + + When you buy some collectibles for example you’ll get an NFT version for it in the metaverse which is tied to your wallet address and you can also get the same item physically by visiting a GameStop location or have it shipped to you by GameStop. This makes sense for limited edition collectibles as now the NFT has value for not just being a digital item but having it tied to a real world physical item. And it’s pretty cool to have both versions and only paying for it once. + +Why is it called GMErica? What does it have to do with America? +Has anyone ever heard of the largest mall in the U.S. and the largest mall in the Western Hemisphere? It’s called Mall of America in Minnesota. It’s a famous mall for being the biggest mall in the U.S. with a bunch of attractions and many stores. They have everything from Lego stores to an actual GameStop store. + +GameStop can build a virtual Mall of America in the metaverse aka GMErica. This is how you crush Amazon, by building a platform that attracts users,, companies will want to partner with you just like they want to partner up with amazon. Many companies already have VR/AR shopping experiences for users but the problem is you need a different app/website for each company. And it works on some devices and not the other. Instead of having 10 different apps on phone to experience their version of AR/VR shopping just go to GMErica and shop virtually for your clothes, iPhones, games, and toys/collectibles. + +What do Sears, Toys R US, blockbuster and GameStop have in common? They are all retail stores which exist in malls where people go to shop. Since Malls are dying and online shopping is taking over this is the next best thing. + +What does this means for blockbuster? +GMErica can allow blockbuster to sell, trade and rent digital movies in the metaverse and everything is traded as an NFT even the movie collectibles. + +GameStop already has great customer service, large warehouses and fulfillment centers. If you builds this metaverse THEY will come. Metaverse is a $40B industry right now. BY 2030 many companies are estimating it’ll be worth trillions of dollars. If GameStop builds a metaverse it’ll be seen as a growth tech company and be valued like other metaverse companies. + +https://www.obsessar.com/the-metaverse-is-the-new-mall/ + +Alibaba’s Taobao has already launched a “Metaverse Mall” in China on May 2022. + +TLDR: GMErica is an online metaverse mall where companies can have their own stores and allow users to shop virtually. You can simultaneously buy NFT’s and real life products shipped to you like regular online shopping. Keep the digital NFT in metaverse, enjoy the real life items in person. Metaverse version of Amazon but better and without fake sellers and fake items. + +Edit: Thank you everyone for the upvotes, comments and awards. Some of you here mentioned that you’ve heard about this idea before. I mentioned in the beginning of the post that you may have heard it before. I have read theories of GME doing a metaverse or GMErica being a metaverse/NFT marketplace before but I only heard about bits and pieces here and there. I sort of got curious today when I started to wonder what happened to GMErica since NFT marketplace is already released and why GMErica is named after America. That was the main reason for this post. Anyone can take credit for this theory as far as I’m concerned. I just wanted to share this conceptual idea and discuss about GMErica, blockbuster and metaverse. +Revenue: $7.87 billion vs. $7.95 billion expected, $7.16 billion Y/Y + +Earnings per share: $3.53 vs. $2.91 expected, $3.75 Y/Y + +Net subscribers: -200,000 vs. +2.51 million expected, +3.98 million million Y/Y + +Down 20% in pre-market + +https://finance.yahoo.com/news/netflix-earnings-preview-q1-2022-subscribers-145328663.html +**TLDR: I just got scammed on Gumtree because I was careless and too trusting. It involves me paying deposits for house-viewing of properties. This is just me ranting my frustrations at myself. Please be careful when handling any 'free party' online transactions, best to meet them in person first or at the very least confirm their identity 100%.** + +Before I begin, let me just say that I am a longtime lurker on this UK Personal Finance subreddit, and overall I find the majority of posts very useful and informative. Keep up the good work guys! :) + +That out of the way, this is just me ranting away (it just happened, and my emotions are raw). And perhaps as a warning for people as careless and trusting as I am. + +I live in England, and applied for a job in Scotland. I managed to get it, and decided to do some house-viewings of property to let (I cannot afford to buy one just yet). + +I was quite picky with my criteria (as I thought, new start, I wanna go all out) as I wanted it to be fully furnished, to live on my own as a sole tenant, to have car parking etc. Because of this, it was rather difficult to find properties to let that meet those criteria on sites like Zoopla, Rightmove, OpenRent etc. + +So I put up an ad on Gumtree, saying what I wanted. I got replies within the day. Two of them (yes, I got scammed by TWO SEPARATE PARTIES), seemed too good to be true. And sadly, they were. + +In retrospect, all the **signs and tells that they were scammers** were right in front of me: + +1. They both contacted me via email with **email addresses that seem that they were 'autogenerated'** eg: person's name with random numbers. +2. They both **only showed pictures of the INSIDE of the property** (no outside pics), and provided addresses which actually do exist. This is so that you can't google map view and see something is wrong. +3. I **never met or spoke to them on the phone**. One gave a mobile number but we never did speak on the phone. The other, said she was deaf and dumb (this was after I deposited money, and although I did start suspecting, it was too late for me). +4. They both gave me **sob stories** (one of them was really elaborate) on how they were let down by other tenants before, and needed assurance by me deposting some money before we can proceed any further. As I write all this, I am just cringing at myself for believing them. + +Things that were not so obvious (and made it believable, at least to me!): They used language and terms that showed that they were experienced landlords including: EPC rating, 'newly refurbished', en suite, Council Tax rating etc. They even asked me to give them full details of myself, move in dates, how many people, pets, smoking etc. One of them provided me with a picture of her driving license, which I now think they phished from another poor victim. + +They even sent me softcopies of documents to read and bring to the viewings. They looked like very long and legitimate legal documents, with details of the property. + +So muggins here, flew all the way from England, to do the houseviewings. I reached the first property 10 minutes early, to find no one there. I called her but got no reply. So I waited until 20 minutes had passed from our agreed time, before knocking the door. It was answered by a sweet lady who was not the person I was expecting. The lady was the one (bless her) that clocked on and told me she seen these things happened to other people before in this area, and that I have been scammed. + +This sweet lady was the one, who advised me to make a police report. My mind was a mess at that time (still is). And then, the penny finally dropped that the other person was also scamming me as well (I told her to refund me my deposit because she asked for 2 months rent upfront and got very aggressive before giving up). + +**What did I do?** + +1. **Made a police report.** The officer was very helpful and understanding. It took us more than 1 hour as he interviewed me thoroughly and made me provide as much information, evidence and the email trails as I can. +2. **Citizens Advice Bureau**. Funnily enough the first thing they advised me to do was make a police report (which I already did, perhaps the only smart thing I did in this tale). They were still helpful though as they provided me more information and who I can contact to seek aid and assistance. +3. **Contacted my bank.** (Barclays) Phone call took nearly 30 minutes as there were many security questions and clarifications to consider. They told me it takes up to 15 working days for a full investigation and *possible* return of my money. They said they would contact me via a letter and to ring if I do not hear from them after the 15 working days. + +&#x200B; + +And here I am, in the middle of the Scottish Highlands (which even with my mood, is gorgeous) far away from friends and outside my 'comfort zone', feeling so stupid and regretful. Please, do not be like me. Please be careful when using sites like Gumtree and ebay when it comes to online transactions (and heed the websites warnings). + +I do read and hear about people being scammed. But never once did I think I'd ever be scammed so badly. It hurts so much emotionally and mentally. In terms of finance, I am lucky enough for it not to affect me too much but I do feel the pinch. + +Anyone care to share any advice or past experiences (although I hope you've not been scammed before)? + +Just feeling very lost and alone at the moment. If you made it this far, thanks for reading :). + +&#x200B; + +EDIT: Thanks for all the helpful comments, best wishes and silver and gold awards (whoever you are!)! Means a lot to me. +Holy fuck guys hold on because shit is about to get real weird. And I don't know if this will change anything but it proves we are playing a bigger game than we all expected. I [touched on last night how I thought the banks were actually the ones pulling the strings in all this](https://www.reddit.com/r/Superstonk/comments/mqca35/its_just_a_bug_bro_part_2_loopholes_edition/). Loaning on ridiculous margins, holding our shares in street name (ie registered with GME in their name but our name on their books), and, as turns out, routing orders in their best interest (IEX is starting to sound pretty awesome). + +**Our Boy Ken** + +Someone posted a pic the other day of Kenny G. in High School and how their mom went to school with him when he was on the math team. This proves to be a lot more important I think than any of us thought. Our boy Kenny, as a Hedgie Manager and mathlete, probably is A LOT more successful than we all think. + +&#x200B; + +https://preview.redd.it/fxts65spg8t61.png?width=357&format=png&auto=webp&s=e627912d985fa2108708d76920991cc660237055 + +Yeah, that one. So I got to thinking, what has Kenneth C Griffin accomplished outside of running a massive hedge fund? Well, here we go to Patent Town (not as fun as tendie town). Outside of duckduck and oggole, his name is tucked away on several patent docs that explain the markets WAYYYY better than anything any of us have read in DD. + +&#x200B; + +https://preview.redd.it/g09spa4te8t61.png?width=1714&format=png&auto=webp&s=f3176cb0a3ef622ae3d9e68319c36ee863723308 + +I guess this kind of makes sense. The guy is probably a math genius, and it would make sense he has developed some decent equations and ideas around the market. But it goes deeper. In particular, the first patent (7587347), then it just gets crazy aligned with how GME is behaving. + +**Citidel's & Ken's First Baby** + +**Computer implemented and/or assisted methods and systems for detecting, tracking and responding to toxic, or likely toxic, orders in an equities order flow using toxicity and/or profit analyzers** + +**ABSTRACT** + +**"Methods and systems are provided which enable equities broker-dealers to execute an equity trade order while simultaneously eliminating (or at least reducing) exposure to the negative consequences associated with toxic (or likely toxic) orders in the equities market. By using toxicity and/or profit analyzers, for example, to detect, track and respond to the level of toxic (or likely toxic) orders present in an equities order flow, a broker dealer can reduce the level of risk inherent in serving as counter-party to order flows, such as anonymous equities order flows. Various alternative embodiments are also disclosed."** + +In the most basic description of this patent, the software inherently recognizes, parses and rejects what are considered "toxic" trades. It seems a toxic trade is nothing more than a trade listed too far above or below the consolidated market price. Now, the information that they use to describe how it works makes more sense than anything else we have seen in market data. For one, did you know NASDAQ stands for "**National Association of Securities Dealers Automated Quotation system**"? Me either. Turns out, my first DD wasn't wrong when I said [Yahoo and NASDAQ were probably the best for accurate, free data](https://www.reddit.com/r/Superstonk/comments/mlqedv/its_just_a_bug_bro/). + +Now, we have all seen over the last couple days that High Frequency Trading seems to be driving the price down on GME. Well guess what pops up in this document as well? Trade routing. Yeah, the kind of trade routing that you would want to have done for, oh I dont know, fast, special price movements? Kind of beating the price down through routing the trades exactly how you want to? + +Well, it makes it even more interesting that they go out of their way to describe professional traders taking advantage of insider information, and how retail individual investors trade purely speculatively. I mean, if you were trying to consolidate power through several different arms, why wouldnt you? Here is a fun line: + +**"In many instances, a consolidating broker-dealer does not know the identity of the investor who submitted the order to which it will serve as counter-party. Thus, a consolidating broker-dealer that accepts equity orders (e.g., internalizes, executes and/or otherwise commits to the execution of the orders) from an OFP may be exposed to significant financial risk due to, in at least one embodiment, the anonymous nature of orders within that order flow. For example, as explained above, professional traders may seek to take advantage of the consolidating broker dealer by trading on information affecting future price movements which is not available to the general investing public (or to the broker-dealer). In such instances, these professional traders may send toxic (or likely toxic) orders to a potentially naive broker-dealer that may consequently acquire net trading losses from serving as a counter-party for these orders."** + +Basically, a broker dealer might experience losses if traders take advantage of fluctuating prices? SERIOUSLY?! Personally, I might experience a loss if a broker-dealer (Citadel) their wholesaler (probably Citadel subsidiary or their FUCKING BANK) decided to allow these HFTs to go through to market. + +Here's on of the first pics to describe the flow: + +&#x200B; + +https://preview.redd.it/offwgo48n8t61.png?width=964&format=png&auto=webp&s=427b8114abefed6bf593cffb58e08cf8221c18d1 + +Oh, and here is how they get away with routing some after hours: + +**"It is common for one or more market-makers on a given market to be provided significant responsibilities, including overseeing the opening, providing continuous quotations in all of their assigned securities, and handling customer orders that are not automatically executed in connection with that exchange. In the case of the U.S. equities and options exchanges, these market-makers, which are responsible for maintaining fair and orderly markets, are generally termed "specialists." Depending on the particular exchange, the "specialist" may be referred to as, for example, a designated primary market-maker (DPM), lead market-maker (LMM), or primary market-maker (PMM), etc. Other market-makers in the crowd on an exchange floor, if any, are referred to as "floor market-makers." For U.S. listed equities (e.g., stocks listed on the American Stock Exchange (AMEX) or the New York Stock Exchange (NYSE)), there are also firms that make markets off the exchange floor, and these firms are known as "over-the-counter" (OTC) market-makers or third market-makers."** + +And here is how they flow some to hide it: + +[ FIG. 2 is a simplified illustration of another example of an order flow in the U.S. equities market, in which an order placed by an investor is internalized by a broker-dealer; ](https://preview.redd.it/5od3gf1qn8t61.png?width=948&format=png&auto=webp&s=8d24f0113a4c789bd71074d6a81bf488cda8092d) + +They can basically buy their same shares OVER AND OVER AND OVER again, through their own wholesaler. We hit the nail on the head again when we said they are routing market sells through their favored markets, and buy orders through their own wholesaler. That's why the HFTs are going lower, and they are probably net positive rebuying the shares at a lower price. Haha fuck. + +But this can't go on forever. It seems to be resetting their risk and probability. Because of course, Ken et al. decided to create their own data platform to communicate between EVERYONE THEY DEAL WITH. + +**KENNYS LEGACY??** + +**Method and system for measuring exposure of an investment fund to an issuer of financial assets** + +I can't decipher this as well other than it is a way for the web of Citadels broker-dealers, banks, wholesalers, markets, etc. to communicate risk, margin, price, everything. They can change what they want with the numbers to kick the can down the road. I am guessing, when "they" (whoever is pulling the strings) cut off Buying on RH and everywhere else, and the price tanked at almost $350 a little while ago, our boy Kenny realized that when they input the price at $350, they were getting fucking margined (maybe, this is speculation at this point). + +But again, I think I have combed through these and things are pretty fucked. It almost looks like Ken had created a lot of this to actually benefit retail traders. Apart from the HF bottom line, he was down to build something that stopped professional traders from hurting the system. But it almost seems like since he wrote the fucking book, he (or the lawyers and rightful investors in citadel) took that away and made the system work in his advantage. + +Buy and fucking Hold (just an opinion), because every share we remove and lock away in our own broker is less they can fuck with. + +Obviously not financial, legal or software advice. And I can only hope a few more people read this. + +TL;DR: Honestly, fucking read it. But because you're a lazy fuck, Ken and Citadel created the financial structure to stop "toxic" trading, and ended up using it to their advantage it seems. And he might not even be pulling the strings. + +[http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=0&p=1&f=S&l=50&Query=Griffin-Kenneth-C&d=PTXT](http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=0&p=1&f=S&l=50&Query=Griffin-Kenneth-C&d=PTXT) +I was scrolling though the subreddit and felt I needed to make this post for people who are brand new here. + +When you browse here, the threads that look the most legit are probably the ones with the most upvotes. Thats our brain associating public approval with quality. + +Unfortunately, it's a double edged sword. The threads with a lot of upvotes may be high quality, but most of the time they are being mass shilled in their telegrams or discords for maximum visibility. + +That's not all. They will also be selectively upvoting and downvoting certain comments. They may even present the project to you in a way that skims over all the cons and shows only the pros. + +Be very careful. This is a lions den subreddit. And while you do stumble upon gold every now and then, for the most part this place is full of people who want to dump their bags on your expense. + +This may be common sense for a lot of people, but I wanted to throw this out there because im seeing a lot of dishonesty around here recently. DYOR! +With interest rates continuing to rise I am curious who is profiting from this. Many are now paying more on their mortgage but where does this money go? Is this not just a roundabout way for banks to take more profits from people savings? + +Maybe a silly question. Did some searching but could not find a good answer. May the finance lords on this sub enlighten me? +The Commerce Department announced Friday morning that it would ban U.S. business transactions with Chinese-owned social apps WeChat and TikTok on Sunday. + +The announcement comes ahead of an expected statement Friday by President Donald Trump on whether or not the government will approve a deal for Oracle to take a minority stake in TikTok and become a “trusted technology partner” for the company in the U.S. + +It’s unclear if the Commerce Department’s announcement means there’s no possibility of a deal going through before the Sunday deadline, and it could be an aggressive move from the Trump Administration to push for its original intention for TikTok to be fully owned by a U.S. company. + +“At the President’s direction, we have taken significant action to combat China’s malicious collection of American citizens’ personal data, while promoting our national values, democratic rules-based norms, and aggressive enforcement of U.S. laws and regulations.” Commerce Secretary Wilbur Ross said in a statement Friday. + +Friday’s announcement from the Commerce Department is an enforcement of Trump’s original executive order from August 6 that gave TikTok 45 days to sell its U.S. business to a U.S. company or face a ban in the U.S. WeChat, which is one of the most popular social messaging apps in the world, is owned by the Chinese company Tencent. TikTok’s parent company is the Chinese company ByteDance. Trump’s executive order cited national security concerns over the Chinese government’s access to user data in those apps to justify the potential ban. + +The Commerce Department’s statement on Friday said that starting Sept. 20, U.S. companies would be banned from distributing WeChat and TikTok, meaning the two major mobile app stores run by Apple and Google would have to remove the apps from their libraries. The statement also blocks U.S. companies from providing services through WeChat “for the purpose of transferring funds or processing payments within the U.S.” + +WeChat is a popular marketing and sales tool for U.S. companies primarily in China, but around the world as well. With U.S. social apps like Facebook and Instagram banned in China, WeChat is the primary app people use for social networking and e-commerce. It’s also a popular app used by people in the U.S. to communicate with people in China, since U.S. apps are banned in China. + +The Commerce Department’s announcement also lays out a separate time frame specific to TikTok, which take affect on Nov. 12. The rules that start Nov. 12 include provisions that block U.S. companies from providing internet hosting and services for TikTok. This could be directed at the deal being negotiated between TikTok and Oracle, which would provide cloud services for TikTok if Trump approves, and could give TikTok and Oracle more time to hammer out a deal that Trump will approve. + +Representatives for Tencent, TikTok, WeChat, Apple and Google were not immediately available to comment. + +https://www.cnbc.com/2020/09/18/trump-to-block-us-downloads-of-tiktok-wechat-on-sunday-officials-tell-reuters.html +I was in some financial trouble and out of sheer desperation, I went to my only option loans2go and they offered me a loan of £1000 with an insane amount of repayment equaling £4000 paid back over 18mths at £57 per week. + +&#x200B; + +Well, I tried to repay the settlement early but was still needing to pay nearly £4000 so I just stopped paying it and it then defaulted + +&#x200B; + +So about 6 months later I tried to make an agreement with them telling them I would pay £2000 and call it quits to just get them off my back. I thought this was acceptable as I'd already paid back over £300 so they would have earned £1300 interest in 6 months. But obviously, the absolute scammers that they are they wouldn't accept. + +&#x200B; + +Well, How glad am I that they didn't because I took it further and went to the financial ombudsman? + +&#x200B; + +Now, I am going to suggest that you all do this because I am pretty sure anyone desperate enough to use this company will have some defaults or CCJ's on their credit reports. + +&#x200B; + +The financial ombudsman ruled that they shouldn't have given me the loan and loans2go should have done more research into my financial situation as it was clear from what they could see on my credit report that I was struggling financially. + +&#x200B; + +The ombudsman ruled that I only need to pay back the money I borrowed with no interest and loans2go have to remove any negative remarks from my credit file. + +&#x200B; + +So please, if you have used this company, please get in touch with the ombudsman as this crooked outfit is so very close to getting shut down so play your part in hammering the final nails into their coffin. + +&#x200B; + +Now imagine they just accepted my offer in the first place i'd have been out an extra 1300 and still had my defaults. + +It feels so good to finally get one up on these crooks. + +&#x200B; + +Edit: I just want to add, that this isn't a debate about the rights and wrongs of me signing this agreement. I know I shouldn't have as does every single person that gets one. + +&#x200B; + +I`d put everything into starting a new business as a genuine last chance of a decent income and some happiness. I was 35, had over 20 jobs and I never found one I could bring myself to do every day. I'm not good with routine through various issues I have that I will not discuss here. +Something happened that had the potential to ruin it all so I got the loan and I signed it knowing I'd struggle to pay it and I'll admit that was stupid of me. + +&#x200B; + +My concerns came when I started reading more and more reviews of the people that are getting these loans. + +Loans2go are literally the only company in the country that are loaning to these people. +They has one demographic in mind and it is people that no one else will loan money to because no one should be loaning them money. + +Most these people are getting them for things like feeding their kids. Proper desperation and being taken advantage off for it. + +It's about the company existing and playing a part in the fight against them by sharing my shitty story. 👍 +Pretty much what the title says, not paying BCG was just another chess move, setting out a pawn to be able to take out the opponent's queen and BCG has swallowed the hook. + +Yes, chess and fishing analogies, that's how you know hedgies r fuk. + +By going through this with lawsuit it will open up discovery into a myriad of records which will likely prove malicious intent of BCG in several instances along with connections to other players. + +-BCG backa down GameStop doesn't pay - Win +-BCG sues and loses, GME gets discovery and doesn't pay Win/Win +-BCG uses crooked courts to get paid but GameStop still gets discovery - small loss with a large Win + +No matter what happens GameStop gets to drag BCG and SHF's through the mud publicly. +Lets say there is a property that is selling for 154k and its bringing in 1300 gross. Would you offer them cash like 135k or finance it by paying 20% down payment. Lets say I am A, that wants to finance, and my partner is B who wants to buy it in cash. Person B's reasoning is, he wants to get it quickly because inflation is crazy high right now and it will get worse. My reasoning is, wait, get pre-approved from a bank and buy it, the money will only sit for a bit longer, then we can buy more. +An older neighbor-friend approached me today and asked if I was interested in buying her home and renting it to her. She has a bunch of small issues in the home that needs repaired, and I think she sees this as a way to resolve all this. We already occasionally help her with issues. I could see this becoming a hassle if she needed a lot of things. +She has family out of state, no husband or kids. +How should I approach this? She has a home that could be worth $550k if it was in great shape. I don’t know what it’s worth at this point since it’s not updated. +My husband and I closed on a personal residence a couple of weeks ago. The home has a basement ADU/studio that we planned to rent out. A little while ago, the city called us to inform us that the basement unit wasn't permitted and couldn't be because the ceiling was 1.5 inches too low. The city became aware of this because the previous owner had rented the entire dwelling to a drug dealer which led to neighbors complaining and the city eventually coming to check it out. First, on the seller disclosures, they checked "Yes" on the box that said "Did any previous owner make any alterations to the home?" and "Don't Know" on the box that said, "If alterations were made, were permits or variances for these alterations obtained?". When talking to the guy from the city, he said that they had added the ADU without any permitting and when the neighbors complained, they tried to get permits and were denied. He also said that he had told the seller about the rejected permits over the phone in March, more than a month before the property was listed. Additionally, the listing description included information about the ADU saying that you could rent it out for $1000/mo. The day we closed, the listing description was changed and any information about the ADU was removed. + +&#x200B; + +I feel like a fool for not doing the same due diligence on my primary residence as I do for investment properties but too late for that now I guess. Had we known the basement wasn't permitted, we definitely wouldn't have purchased the home. Do we have any grounds to sue the seller? If so, what do we even sue for? Outside of legal action and 'do better research next time', does anyone have any advice? Affording the mortgage without the rental income won't really be a problem but it's still about $1000/mo we didn't want to spend. + +&#x200B; + +Edit: I just realized that not only do we take a rental income hit, the value of the home is decreased about 20%. Along with the description change, the total sqft took giant hit. Since the ceilings are low, not only can it not be an ADU, it also can't be livable space. Don't know why it took so long to realize this but that might suck more than not having rental income. +Lets say that I want to enter 6 positions at one time. I want to put $10,000 combined into those 6 positions ( dont worry about stoploss or margin or anything like that ). Each position is assigned one of four tiers: A, B, C, and D where A is the most value and D is the least value in terms of position size. The positions are sorted like this... +1 Tier A position +2 Tier B positions +1 Tier C position +2 Tier D positions + +Positions of the same Tier must be the same position size and positions of higher Tiers must have a higher position size. +What math or statistics concept do I need to implement something like this into my bot? I want to use different combinations of number of positions and total $ to invest... +I was going to flair this as speculation/opinion, but it's such a "hunch" based on my own confirmation bias and desperate need to no longer be poor, that I decided to flair it as a shitpost instead. TA;CR at the bottom. + +This is just a narrative I have in my head to make sense of everything we've seen the past few weeks, and I hope it's helpful, and that apes can provide meaningful contributions in the comments to more fully flesh out or correct/adjust this narrative. It's a bit of hype mixed with a dose of cope and hopium, my favorite crayon porridge. Nom nom nom. Enjoy. + +# The Implications of Desperate Shorting ($250 to $130) + +The hedgies' latest spree of desperate shorting of the stock from $250 a few weeks ago to as low as $130 last week was simply to reduce their gamma exposure to options expiring on Friday, including ETF LEAPS (options on ETFs that have been available to buy for over a year). + +They did this so they would have less to cover -- less shares to deliver -- this week from options expiring ITM (in the money). For those that aren't aware, each GME option exercised = 100 shares delivered to the person who exercised it. For every time a market maker writes a naked call, they're opening themselves up to the exposure of delivering 100 shares if it gets exercised, whether they are synthetic or "real" shares (we know synthetic). As for ETF options, I'm too smooth-brained to figure out how many GME shares an ITM option works out to. + +Anyway, the point is that this shorting from $250 to $130 helped them live "one more day", as Kenny said in that now infamous clip of him talking about Citadel maneuvering through the 2008 global financial crisis. These past few weeks, they forced millions of shares' worth of options OTM (out of the money) so they could no longer be profitably exercised. Instead, people either A) bailed out by selling their options at a loss, or B) let them expire worthless. Either way, no covering required. + +In fact, if the hedgies had been delta hedging at all (buying shares to cover the risk associated with the chance of the option being exercised), then they actually got to sell those shares as options fell further and further out of the money. That said, there is an argument to be made that they're not delta hedging at all or perhaps just not to the extent they should be accordingly. This could explain why they were so desperate to force the price down, because they weren't hedging at all, therefore had zero shares to cover their risk, and thus every ITM option represented a full 100 shares to be delivered within T+2 (ie. today's pre-market). Too explosive to risk, so they atom bombed the price into the low $100s again for the first time in months. + +However, the thing is, in shorting the stock that much, the hedgies dug themselves such a deep hole with puts, synthetic shorting, and FTDs, that I don't think they can now ever climb out without a massive share-buying frenzy that would send the stock to $300 and beyond, back to all-time high (ATH) territory, followed by smaller hedgies getting margin called, forced liquidations, more share-buying, higher price movement, leading to the dominoes of larger hedgies getting margin called and force liquidated, more share-buying and so on to MOASS. + +I think every report they release from here on out, especially Citadel, showing what positions they hold, is now going to be Grade-A 100% BULLSHIT. They're going to simply report that they're continuing to responsibly delta hedge, deliver shares, not creating synthetics, not piling up FTDs, etc, etc, etc until the shit hits the fan because there's no other way around it for them without setting off MOASS. + +It's all going to happen sooner or later, but according to the dictum of "one more day", of course they'll choose later, and to them, who gives a fuck if that increases the collateral damage on the global economy. Perhaps this will give Kenny and Citadel's execs enough time to jump ship and bail with a few billion tendies before the house of cards collapses in on them. + +Regardless of what's happening on the inside of these short hedgies and market makers, and in the boardrooms of the major banks that are backing their margin, something big is coming soon to attempt to scare us all off (and fail again, of course). + +# The Incoming MOAFUD -- Mother Of All Fear Uncertainty and Doubt + +I don't know what shape or form it's going to take, but I believe there is going to be a major move to interfere with MOASS like they did in January with turning off the buy button on multiple brokerages. The Mother Of All FUD, if you will. + +Maybe the theories of them turning off the buy button again, while they cover and MOASS takes off, are right. I hope that's all they do. Just block new entrants from FOMOing in and making the situation worse for themselves and the global economy while we all get our tendies. All us apes who have been holding for months (or even the lucky ones who just got in weeks beforehand) will get paid with intergenerational wealth, while the world watches it happen without being able to take part (don't feel too bad -- everyone has had 12 months to pay attention, read the DD and buy in). + +Whatever shape or form this MOAFUD takes, we just have to ignore it by staying zen and holding the stock we like. My tinfoil-hat-wearing self thinks it might get super serious such as a deep fake of RC getting assassinated playing on repeat on MSM in an attempt to get people to panic sell. Maybe this new global [Log4j cyberattack vulnerability](https://www.wsj.com/articles/what-is-the-log4j-vulnerability-11639446180) will be used as an excuse to shut down all of our brokerage apps for a couple of days and the hedgies will say they covered somehow in the interim (of course they won't have). + +Whatever happens, just stick to the general wisdom and wait 24 hours for the sub to clear the fog of FUD before making any rash decisions. 99/100 times every piece of big bad news meant to scare us ended up turning out false. The only time they actually "worked" at preventing MOASS was turning off the buy button in January, making MOASS 100x bigger because we then had time to understand the enormity of what they were trying to cover up. + +They failed in January because we have unprecedented diamond hands due to our ability to share information and keep each other hyped and jacked to the tits each week. They figured shorting from $483 to $40 would shake off any sane people. Only thing is, they didn't realize how truly insane we are. + +Brings to mind the old saying, "We can stay retarded longer than you can stay solvent." + +**TA;CR: Buy. Hold. DRS. (Don't fuck around with weekly options.)** +For background, I'm 30's, chubby fire $4.25M with \~$450k/yr tech income. + +My relative is C-suite and doesn't expect to live more than a decade longer, and will be coming upon \~$20M soon, they have two kids in their 20's who they'd like to set up for FIRE with \~$1-3M each after they're gone (the rest is splitting up into the extended family, etc.) . + +This relative has high income (\~$1M/yr) but spends for the entire extended family and not much of a saver, unfortunately their two kids struggle with getting jobs partially because of this lifestyle (live in USA, HCOL). Much of our extended family are immigrants with a different background / distrust of stock markets, investing and savings. It's unlikely they'll be able to maintain the wealth given, but that's life. I don't expect or plan to get any of this due to my own success, and in a way I'd prefer it to avoid any strings attached / feeling indebted. + +I was lucky enough to learn about FIRE principles over the last decade and have slowly taught the extended family with varying success. So, they're asking me for guidance on how to set their kids up long term. Of course the first thing I said was talk to a trust advisor, and they will, but they'd like me to guide their kids longer term. They were initially thinking $1M at 10% a year for $100k/yr income for their kids. I told them that was too optimistic, at least $2-3M would be needed for $100k/yr at \~4%, so they're considering that instead. I also told them this will probably stunt the kids growth if given before they start their careers. + +I'm close with the kids right now, and know this would likely sever/strain any relationship going forward. I'm considering some sort of mentorship role for them, where they can choose to ignore me and use up all their money if they prefer, and that's on them. Mainly I've told the parent that no matter what trust they set up, there will be ways for the kids to abuse it, so the primary thing they need is financial education / fire lite I guess, and I'm not sure how one can do that without learning to live on your own / invest your own money, ie... actually have to be independent. + +So I'm at a bit of a loss here as to what to do, I am pretty sure as it stands now any money (for now passive lazy portfolio like my own is what I suggested) will eventually disappear for them after the parent is gone. They're already going to be gifted houses to live in so they'll at least have that. + +But I want to try still, having FIRE family long term especially with these cousins who I love so much would be a bright future. Say I had around a decade to teach by example, are there any strategies I can do to help them at least get to a point where they like FIRE concepts enough to not abuse this gift? + +*edit: Wow, trying out this verified feature has already been helpful, I still get notifications on the removed comments and they're mostly variations of 'that's a lot of money'.* +\*Edits for grammar/spelling/formatting and thank you for the awards, but what would help more? Whether you copy/paste everything, share the link, or simply educate brother and sister apes on the topic, please share this information (I don't even care about credit). Hopefully the SEC can pull away from watching videos of some dude banging his step-sister to at least take a look. + +# Happy Father's Day Apes! + +So u/AnnihilationGod dropped Christmas presents off early last night in the form of [DD](https://www.reddit.com/r/Superstonk/comments/o3e9kg/annihilationgod_presents_the_big_short_data/) just as I was in the middle of an interesting find. 12+ hours later, after I got as much data as I could, I started looking for patterns to see what shook out. I'll be goddamned if Kenny and friends didn't deliver. + +One thing that has been eating at us in our jungle here, is that we know no one is selling, yet on SSR days it doesn't seem to matter cos they short it on the uptick, downtick, sidetick, and anything in between, right? So we all knew it was being manipulated, but no one knew HOW or WHY. I don't even have the full data set (no darkpool data) and nothing with ETF's yet, but I'm about to take apes to school on ANOTHER instance of "Nothing to see here." If you need any of the work, data, whatever let me know. If there is something I'm missing or is wrong, please DM me and I'll correct it. + +So apes, pull up a chair, peel a banana, and get comfy. + +Kenny, hedgies, broker/dealers, and ESPECIALLY our regulatory bodies that say "iT's hArD tO pRoVe MaNiPuLaTiOn Is GoInG oN," this may get a little weird. + +&#x200B; + +[Wall Street, this is gonna get.. a little awkward](https://i.redd.it/efi2njh6zh671.gif) + +# TL:DR: Abuse of the short sale exemption rule allows SHF's to get around the SSR. SEC says nothing wrong here. 🤷‍♂️🚀🚀🚀🚀🚀🚀🚀🦍🦍🦍🦍🦍🌑🌑🌑🌑🌑🌑 + +# Short Sale Rule + +I'm not gonna talk about the legitimacy or not of short selling, because regardless it's been... problematic at best. The [Securities and Exchange Act of 1934](https://www.investopedia.com/terms/s/seact1934.asp) was created, in part, due to the predatory practices of the financial industry setting up The Great Depression. This act established the short sale rule, which was adopted by the SEC, and it restricted short sales to be priced above the most recent trade price. This is also known as the "uptick rule." After that, all of the major players on Wall Street said "we promise not to do it again" and we've had no problems since. 😂😂😂 + +&#x200B; + +&#x200B; + +[Yeah, right.. ](https://preview.redd.it/8b0dm984dj671.png?width=574&format=png&auto=webp&s=5cdb6f9a504ac71bc85ff4822bcbde8b7f048016) + +&#x200B; + +# Status Quo + +&#x200B; + +As the years went on, it didn't matter if it was uptick, downtick, or sideways, shorts just kept right on shorting. How do we know that they kept doing it? Because in 2005, we got [Reg SHO](https://www.investopedia.com/terms/r/regsho.asp). Incredibly, the "myth" of naked shorts, yeah, was not happening so much, that they needed a way to ensure that the shares could be "located." It goes something like this: + +**Me: Hey Mike, can you find a share of GME that I can borrow?** + +**Mike: Yeah, I think so.** + +**Me: Cool** + +**\*sells share that I just "borrowed."** + +&#x200B; + +That's pretty much it... 🤷‍♂️ They don't have to actually find it at that time, just be able to *reasonably locate* said share. Better still, with the way share lending is just free wheeled behind closed doors, multiple people can call Mike up there, and even though he only has the one share somewhere, he says he thinks he can find it to all of them. Now all of them turn around and sell the same share. + +&#x200B; + +[No MM needed! ](https://preview.redd.it/q5ajpkq36n671.png?width=498&format=png&auto=webp&s=4086ea98879ab9012b4d36cd0d8d40c3ba2c1c39) + +&#x200B; + +# Welcome to the shit show. + +&#x200B; + +We won't mention that any FTD pre-Reg SHO were forgiven through grandfathering, 😒 but real quick, the other part of the amendment states; + +**"The "close-out" standard represents the increased amount of delivery requirements imposed upon securities that have many extended delivery failures at a clearing agency."** + +Huh, I think GME would like a word, but that's another time. + +&#x200B; + +Almost there, I promise! + +&#x200B; + +[SEC Office Circa 2007](https://preview.redd.it/cs44u4hg5i671.jpg?width=1630&format=pjpg&auto=webp&s=9b79b3f89f78ace1564f52a585354429a11d385d) + +&#x200B; + +In 2007, while the dumpster of the world economy was just starting to really get warm, the commission had an idea. The SEC, in it's incredible wisdom (pre-Pornhub), concluded that removing short-selling constraints would have no "deleterious impact on market quality or liquidity." As long as you can "locate" the share, you had a free pass to short no matter the price action. Well, we know how the next few years went.... + +&#x200B; + +&#x200B; + +[Thank you, Mr. Baum](https://preview.redd.it/x642aoa23k671.png?width=2556&format=png&auto=webp&s=5721ea9a0cfbce15f044267d44dfde15521d2e2f) + +&#x200B; + +This takes us to 2010, and realizing the absolute stupidity of giving shorters free reign, the commission said "our bad" and amended Reg SHO to include the alternative uptick rule. This is the rule we know and love today that kicks in when a stock's price has dropped 10% below the previous day's close. When that happens the security is placed on the Short Sale Restriction List (SSR), and short sales are only allowed on the uptick for (usually) the remainder of the day and until close of the following trading day. + +&#x200B; + +[Tripping the SSR 06\/03\/21](https://preview.redd.it/yen0bqjggi671.png?width=1085&format=png&auto=webp&s=d304cbce0f02c14a33bf84e5a463c7605a61609f) + +Now, the commission couldn't just let a rule be a rule to actually protect investors, they decided it would be wise to include an exception. Because, of course they did. 😑 Let's take a look at it because at this point, I'm not sure what the fuck the SEC is even for. + +[https://www.investopedia.com/terms/s/shortexempt.asp](https://www.investopedia.com/terms/s/shortexempt.asp) + +[Whoever is lending \(broker-dealers\) the shares marks them short exempt if they \\"believe\\" it qualifies](https://preview.redd.it/b8av8160ji671.png?width=694&format=png&auto=webp&s=2c9c8305b7c820d4d1941ca255bf49d599f3b505) + +# + +https://preview.redd.it/07y32lzaji671.jpg?width=500&format=pjpg&auto=webp&s=4cfb76c2ac49e74e8938f0189112aacb9d5d8848 + +So, wait, even though there is a SSR, if the lender (broker-dealer) decides it qualifies, they mark it short exempt and then off it goes? Yep. "Yeah, but it even says it's a rare exception and can be audited at any time, and it's closely monitored" so that should keep them in line, right? You caught the last line there, huh? About all orders marked SSE will be closely checked by self-regulatory organizations and the SEC? Be a shame if a layman with partial data and in less than 24 hours could see a problem.... + +# Let's look at a couple random boomer stocks from [stockgrid.io](https://stockgrid.io) because I've already driven myself crazy with our stock. + +&#x200B; + +[Facebook](https://preview.redd.it/wbq5bxreki671.png?width=1790&format=png&auto=webp&s=84eb672bb6edc589721b4911fa2700126f1c12b2) + +&#x200B; + +[GM](https://preview.redd.it/8ypciicoki671.png?width=1822&format=png&auto=webp&s=cff5a404cc75fac5c3338716f0a2086d175c98f3) + +&#x200B; + +&#x200B; + +For the most part, looking at just two stocks that are "stable," it doesn't seem too crazy. Some of the volume there is insane with less than 100,000 short sales marked exempt. + +&#x200B; + +# Ready to see our baby? 😁 + +&#x200B; + +[BEHOLD!](https://preview.redd.it/gwtfwikuli671.png?width=1821&format=png&auto=webp&s=d0918517d44bc8269406347fb51a16966dd523df) + +# Well, shit.. That's a lot of exemptions. + +&#x200B; + +&#x200B; + +[Not done ;\) ](https://preview.redd.it/hznybjjcmi671.jpg?width=250&format=pjpg&auto=webp&s=c01c372b70c55fb9a670c04a5f86219ed96adf6d) + +&#x200B; + +Now I got to thinking. With all those exceptions, surely they aren't that stupid... + +# Narrator: They were, in fact, that stupid. + +&#x200B; + +I started digging through all the data for volume, short volume, and short sale exempt shares. Then I pulled the list of days that the SSR trigger has been on for GME (I actually have going back to 2015, but in 2019, GME tripped the SSR all of 5 times for the year. 2020 is where things started to heat up beginning in January. RC buying 9m shares last year dropped a major kink in the bankruptcy lotto plan and hedge fucks have been struggling since. Let's hit it. + +&#x200B; + +[That's a lot!](https://preview.redd.it/15q379h6oi671.png?width=1437&format=png&auto=webp&s=03a1e92c274ac34f3727663c7d11ef52d9ccd618) + +&#x200B; + +[This isn't even all of them. There are 3m more that I didn't add in on SSR dates](https://preview.redd.it/1703k4w0qi671.png?width=640&format=png&auto=webp&s=8e4e6a9c1420a2d6f998bd90d73103591aa59e48) + +Keep in mind, this is missing dark pool data which in some of the cases make up half of the volume. Nor have I even started cracking into ETFs.... Like, seriously? Are they short exempt because it's on the SSR or some shit? Now, you're skeptical on how they are able to manipulate the price, right? I got you. 😊 + +&#x200B; + +[Enhance!](https://preview.redd.it/wxqv4136ri671.png?width=1241&format=png&auto=webp&s=0d91ba892897d9f0cb7adb220f1aa4e3efa662d8) + +Some of our LARGEST drops are on days when there are an AWFUL lot of exceptions to the short sale rule. This is where I'm at now and I don't even need to go further, but guaranteed the longer this goes on, the more I'm going to dig. + +&#x200B; + +Now, in less than 24 hours, on half or a little more of the data, there is pretty damning evidence of manipulation, no? How the fuck are we sitting here six months later, still? + +# Bonus: + +In my search I found short sale exemption codes. What kind of exceptions are allowed? + +&#x200B; + +https://preview.redd.it/kl5oj93ayj671.png?width=817&format=png&auto=webp&s=182c6510138a06c01be4a1a16f4bb39472cd26f7 + +&#x200B; + +[Sauce](https://btobits.com/fixopaedia/fixdic50-sp2-ep/tag_1688_ShortSaleExemptionReason_.html) + +All of them are bullshit, but odd lots... Like the weird order numbers that we see? 🤔 + +&#x200B; + +[Screen from today, 6\/21\/21](https://preview.redd.it/8ue9zholkn671.png?width=454&format=png&auto=webp&s=ebfbdea81ecb76936cb839ad19ae0bc8a2125595) + +&#x200B; + +&#x200B; + +[Fuck you, Wall Street](https://i.redd.it/fcvs90uyri671.gif) + +&#x200B; + +&#x200B; + +# Buy, Hold, and Hedgies R Fuk +Sorry if this is the wrong sub, but considering its a $139K bill it does directly tie into my personal finance hah. + +The background: + +Hurt my back and my primary ordered an MRI. I had multiple herniated discs and fluid around my spine so primary Dr sends me to the ER. + +While in the ER I am told I need surgery. The DR who does my surgery is an out-of-network doctor and now I am being billed for 99% of the surgery. + +We are going to appeal and I am wondering if anyone has experience with this. Any information or help would be much appreciated! + +Just let me know if more information is needed. + +Thank you in advance! + + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +TLDR: Wife will inherit $2 Million apartment eventually, still important to save for retirement? + +My wife is an only child and her mother outright owns a 2 BR apartment in Manhattan, NY worth roughly $1.5-2M. It’s already in her mothers will that the apartment will go to her after she passes (very morbid I know). There is no chance that this apt will be sold or go to anyone else as her mother will eventually move in with us. + +My wife and I have spoken about this before that we’ll eventually use this apartment to finance our retirement. With that being said, how important is it to still save for retirement? I regularly contribute to our 401k, our daughter’s 529 and strictly adhere to our monthly budget. But, with housing prices going through the roof, we may need some more cash and cutting down on retirement savings would help a ton. + +Thanks all advance. +Just sold my SelfWealth shares for a 50% loss! Bought in at 59c sold out at 30c, luckily only put 4K in originally. The new app is rubbish and can’t see them competing with Stakes slick apps and $3 trades going forwards. + +Went to transfer my money out and even though app says available funds it glitches out when try to transfer. + +Fuck SelfWealth 🖕 +OK **fuck faces**, I know it's the weekend but there seems to be more comments lately that indicate the gay bear parade is coming or *"i'm bag holding some shit i was 40% up on now i'm down 20% just gonna cut my loss"*. So i wanted to create some discussion around if the gay bears have there picnic why i believe you should hold and not try to chase back some money at a loss. + + +**The March crash/dip** + +We all know what happened here. Widespread panic and over reaction caused a fierce sell off on even the most high growth stocks. what you may not realise is the sell of actually commenced in February and accelerated in March. to keep this simple. let have a look at what happens if you hold during this time frame other then seeing red like massacre. + + + + +[Notice the dip only took place for a month before bouncing back leading to strong continued growth. Now hitting ATH.](https://preview.redd.it/6cyby1l3vm461.png?width=795&format=png&auto=webp&s=4b838ade7131f09bc13c1669d2192e5d30f64bd0) + + + + +[FMG dropping a couple bucks in march then moving onto a Bull run. no real significant changes occurred over the 2 month Dip but the volume for sell off was huge. The longer term trend matters.](https://preview.redd.it/3obb8wjvvm461.png?width=1498&format=png&auto=webp&s=102a7c8fb61db26ad5c89ef364d35d7505ebf577) + +When looking at the time spent in the market on these you see strong growth so a essentially dips shouldn't matter at all. If anything see them as opportunity. Im not saying catch the falling knife but consider when going in for a buy at this level the only way is up when the oversell is over. Tread carefully it matters what fundamentals are at play. so lets look at the banks instead because they haven't recovered like before to pre-covid levels. + + +[this is westpac for obvious reasons such as interest rates not bouncing as fast but since march is still in an uptrend. other banks such as NAB are almost back to normal levels in 9 months.](https://preview.redd.it/7xr41b04zm461.png?width=1024&format=png&auto=webp&s=4aa6a5b78fb8afe10a6a7a204378a22b04e0ac4a) + +Now i know we all struggle to hold on to a stock for more then a week here due to the liquidity that brings exaggerated price swings but lets look at some more quality penny stocks. + + + + +[AVA massive rises, recently going through a pull back so some might be in the red. Lets be real here how long have you held this stock , A week, a month. give the dip currently some time to bounce back. actually let the fucking thing dip first](https://preview.redd.it/iccvhe2tzm461.png?width=300&format=png&auto=webp&s=fbae6e3305850c7d2cecd9e1d6fa154d826cb474) + +Heres a controversial one. ZIP + +&#x200B; + +[Massive dip through march and for some unknown reason now moving up. Maybe it will hit $10 by Christmas.](https://preview.redd.it/37nacblb0n461.png?width=1004&format=png&auto=webp&s=fb74b2e96d7a75b69b52de865e4d680e7d8b32ff) + +&#x200B; + +**Summary** + +Timing and time in the market is important but if you time it wrong have more patience then a few weeks for something to bounce. If the fundamentals still exist it shouldn't matter. Differences also play out on economic circumstances so consider the diversification of what you hold. Personally my play is some high growth in tech but mainly i play pennies at the low end of town. everyones different. Keen to hear some arguments. + + +Also consider doing some research on how to play a bear market. not everyones got access to shorts but planning to average down can help significantly. + +&#x200B; + +*One more thing:* + +Beware when stuck in a candle and of course if your companies is heading to a state where they actually get investigated by ASIC im sure theyll be let off as per usual due to the spineless nature of investigations + +Cheers cunts + +&#x200B; + +https://preview.redd.it/ju1wn0ue2n461.png?width=266&format=png&auto=webp&s=a7b18a5996f23ebeedbf0a06b8dd4c6ba7e75706 + +[View Poll](https://www.reddit.com/poll/kbdiu6) +Hi there dickheads. + +First, I have to admit that I’m one of those special people who got interested in stonks by the whole GME fuckery. I previously did some completely stupid short term trading during the GFC but basically haven’t touched the market since then, until January this year. Yeah I’m old enough to have traded shares during the GFC. Get off my lawn. + +Anyway, I figured I should try to give something back to the community which has helped me to amass such a large capital loss carry forward this year. So I’m sharing some of the knowledge I’ve acquired on my latest degenerate obsession: MINIs. + +I’m case any of you actually care about my credentials, I am not at all qualified in any way to speak about finance topics. Of course none of this is financial advice, I’m a dickhead, and DYOR you fucking cockatoos. + +**So what is a MINI?** + +A MINI is a type of warrant. They are sometimes also referred to as barrier equity warrants just to be confusing. I couldn’t determine what MINI stands for or if it even is an acronym but it is always written in all caps for whatever reason. + +Hang on, what the heck is a warrant? Geez you’re a curious bunch today. A warrant is a type of investment product which can be traded on the ASX (or Chi-X). They are derivatives, which for those of you who are particularly thick means that their value is tied to the value of something else (like a stonk or an index). I’m going to talk almost exclusively about stonk-based warrants so don’t assume that warrants based on other things work exactly the same way. + +Warrants are created and listed by financial services companies a bit like ETFs are. Don’t @ me I know they’re very different, but they’re like ETFs in that they are an investment product that is created to sell to investors - or in the case of MINIs, to greedy fucks looking for a shortcut to tendie town, gambling addicts, or people with ADHD chasing thrills (I’ll leave it to you to guess which of those categories I fall into). So like ETFs you are paying something for this - a bank gotta make its money somehow right? + +So how do warrants work? Well it depends on the type of warrant and its specific features. There are lots of different kinds, most of which make no sense whatsoever to my primitive brain. But MINIs are pretty easy to understand even for complete morons which is why I’ve been using them and not any of the other types of warrant. + +The tricky thing with warrants is that (unlike options) they are only partially standardised. This means that each “series” of warrants has its own PDS and specific features which might be slightly different to another series of the same type issued by a different company (or even by the same company). So it’s kinda important to actually read the PDS for the warrants you are thinking of buying and try to understand their features instead of just assuming that they work the same as that other one you bought last week. Or that the random on the internet who wrote about them was 100% correct. + +However, if you don’t like reading PDS documents you can instead read this to get a general idea of how MINIs work, which might be good enough for you to lose some money on them. I’ve been using MINIs issued by Citi which seem to be the most widely available. There are some others out there but they don’t exist for very many tickers so I haven’t bothered to examine the PDS docs (as I am a lazy fuck). + +You want me to get to the point? + +OK fine, I get it, you have a short attention span. Most of you have probably already stopped reading and are now watching that fly crawling across the wall behind your monitor. + +**How do MINIs work?** + +The key thing about a MINI is that through some clever financial engineering and complex hedging arrangements which I couldn’t hope to understand, it is designed to move 1:1 with the underlying asset price. So if you buy a CBA MINI and CBA shares move from $101 to $102, your MINI will move up (if it’s a call MINI) or down (if it’s a put MINI) by $1 too. + +So what’s the big deal? Why not just buy CBA shares? + +In addition to making you a boomer, buying CBA shares is different to buying CBA MINIs in two key ways: + +* CBA MINIs cost a lot less than CBA shares +* MINIs can be either calls or puts + +So what does this mean in practical terms? It means you can bet on movements of the underlying asset in either direction. It also means you can obtain exposure equivalent to holding a metric fuckton of shares for a relatively low cost. + +For those of you who have managed to evolve a central nervous system this might ring some alarm bells. Yes, MINIs are inherently leveraged. So you do need to exercise a tiny bit of care and common sense when using them. If this is beyond your capabilities then MINIs are probably not for you and you should just stick with whatever unleveraged dogshit you’re currently bagholding. But I suspect some of you will be smelling the tendie potential that MINIs represent, and a few of you might even be capable of banishing the negative energy which emanates from phrases such as “total capital loss”. If you think this is you, read on. + +**Mechanics (no jokes in here sorry)** + +The key features of a MINI are its underlying asset and its strike price. These are how the value of the MINI is determined. The value is equal to the difference between the strike price and the current price of the underlying asset (for call MINIs the strike is below the current price and for puts it is above). As the gap narrows the value drops and as it widens the value rises, on a 1:1 or dollar-for-dollar basis. + +MINIs also have a stop loss level, which is always between the strike and the current price of the underlying asset. If the asset ever touches the stop loss level (appropriately or otherwise) the MINI is immediately suspended from trading. Holders are then forced to sell at that price or perhaps slightly lower depending on the situation (it’s not a guaranteed stop loss - although there are MINIs which offer this). The one time this happened to me I got back the value at the stop loss level but I have no idea how likely it is to lose more. If you’re not a nematode like me you can probably avoid this happening to you anyway by setting up a conditional sell order before the stop loss level. The main thing here is to look up the stop loss level before you buy so you know how far the price can move in the wrong direction before you get fucked. This is especially important if you’re insane enough to T+2 these, as if the stop loss is triggered they get suspended and you can’t sell until a specific window the next day (so in addition to losing a bunch of money on the trade, if you’re already on T+1 Tom is likely to break your kneecaps). OK so I lied about the jokes. + +The final thing to note is about liquidity. Basically you don’t need to worry about it, at least not that I’ve seen. If you do even minimal research on MINIs you will see that there are a large number of them listed and they are not traded at particularly high volumes. However, the warrant issuer is obliged to buy and sell its own warrants to provide liquidity as part of what they sign up for to have their warrants listed. So while not many are traded there is always an open bid/ask which reflects their current value. If you watch the market depth you will see the bid/ask prices update in real time as the underlying asset price changes. There’s various caveats about how liquidity isn’t guaranteed but it hasn’t been an issue for me so far. + +The issuer’s bid/ask spread is usually a little wider than the spread on the underlying stonk, and this is one of the additional costs you pay for using warrants as opposed to buying the stonks themselves. You can see what a typical spread is just by checking the market depth so if you have primary school maths skills you can figure out what this will cost you. For the parcels I’m trading this cost is typically less than the additional brokerage I’d pay for buying an equivalent parcel of shares via Commsux (which is what I’m using), but YMMV, DYOR, GFY. + +The other component of the cost only applies if you hold a MINI for longer than an intra-day period. This cost is described as the funding cost for the inherent leverage provided by the MINIs. It’s implemented via a small adjustment to the strike price of the MINI (in the bad direction for the holder) which is applied between market close and market open the next day. I haven’t bothered to figure out if the size of this adjustment is calculated per trading day or per calendar day but as it’s essentially an interest charge I suspect the latter. The PDS for the Citi MINIs states what the equivalent annual interest rate is but if you’re only holding for a few days or up to a couple of weeks it’s not significant so my brain has discarded the information as irrelevant. + +The final thing I’ll note from a mechanics perspective is that you get higher effective leverage from MINIs which are closer to their stop loss level, as the cost per unit is lower (but they all move 1:1 with the underlying asset price so the % movements are greater). But obviously you’re more likely to get stopped out by buying one which is close to its stop loss level. Probably depends on how long you plan to hold it for or something. + +**So what are MINIs good for?** + +In addition to the obvious reckless gambling potential I mean carefully calculated short term momentum trades, they probably have some legitimate uses like hedging or whatever but that’s for people with real portfolios and actual investment strategies. I recommend you stay the fuck away from them but if you are as stupid as I am at least you now have a bit of information to help you avoid losing your entire savings. + +**Final thoughts** + +I trade them with Commsux. I have no idea what other brokers offer warrants trading but I know that SelfWealth doesn’t. To set it up in Commsux you need to click on a few things, something about not being a fucking moron, and then a day or two later you can trade them. They just trade out of the same account your shares would (unlike options which have a separate account in Commsux), and have the same brokerage costs and trading limits. This means that you can day trade on T+2 up to $10k worth of MINIs (which is equivalent to approximately $50k worth of the underlying stonk) with only a couple thousand cash as collateral. Don’t do this under any circumstances you fucking muppet. + +One annoying thing about Commsux is that some warrants don’t show up correctly under “derivatives” for their ticker so you need to go and search on the issuer’s website to make sure you haven’t missed any. Another annoyance is that Commsux doesn’t display the stop loss level. If you happen to have IRESS access there is a neat warrant explorer widget which does appear to show all available warrants correctly, and also displays the stop loss level. There are probably better platforms but I am lazy so I haven’t bothered to investigate. + +That’s it, have fun and don’t trade warrants without asking your spouse’s fuck buddy for permission first. + +EDIT: Formatting. +I'm 23, married no kids, making $35-40,000 depending on overtime. My income is our only source right now but my wife plans to get a part time job once she receives her work permit and can begin school. Living in a relatively low COL area in the southeast. We're both in good health. Rent with a room mate. + +My mother is 54, an RN making around $62,000 a year. Not sure where she is on debts and savings but for sure better now than she was a couple years ago. Also in good health overall. Rents a house for herself. + +We started throwing the idea of going in with my mom and purchasing a duplex together, with her living on one side and us living on the other. My thinking is that this benefits everyone because with our combined household incomes we would hope to have the house paid off by the time my mother retires at 67, giving her a secure and paid off living space to retire in, and setting me and my wife up to own it as a paid off rental property after my mom passes away. We have a very good relationship with my mom and want to make sure she is taken care of in retirement, because she hasn't done much of anything to plan for it so either way its going to fall on me as her only child as it is. + +Am I missing something here? In my head this seems too perfect an idea and I feel like theres a critical issue thats not popping up. I appreciate any help I can get! +So my girlfriend has been on and off listening to me jabber about Gamestop since January. The other day, all of a sudden she asked me: ‘are you convinced this will blow up?’ + +After answering yes, she -genuinly interested- asked me about my position, cost basis etc. I always told her I had just 3 shares, and did not tell her I’m actually a XX holder after averaging up all spring. I did that as I aimed to surprise her with my much bigger position once this thing blows up. 🚀 + +I asked her why the sudden interest in this ape-fest/conspiracy i have been rambling about for months now, she answered: + +“If you are getting rich out of this, I want to be rich together. I don’t want to leach of your earnings and willing to lose together if it does not take off. So I want to match your position, can you help me buy in?” + +I then had to confess that I owned slightly more than I had told her at first. She did not flinch, and immediately ponied up some cash to match my position. We now have our buy orders set for the next dip. + +I know she is the absolute best. I ought to get her a nice ring 💍 once this thing moons. But for now we’re equal partners in this adventure aiming for the moon. Like donkey kong and his Princes 🦍 👸 trying to beat the final boss. + +TL:DR: long story short: my girlfriend gave me the go ahead to double down and paid for it. +**Preamble:** Jim Cramer is definitely a controversial figure. While argument can be made on whether he is on the side of retail investors or not, what I really wanted to know was how his stock picks are performing. Surprisingly, there were no trackers for the performance of Cramer’s pick in his program (his program is Mad Money, for those who are not familiar). + +**Where the data is from:** [here](https://madmoney.thestreet.com/screener/index.cfm). All the 19,201 stock picks made by Cramer are listed here. His stock picks are updated here daily. While Cramer mentions a lot of stocks in his program, I only considered the stocks that Cramer specifically recommended that you should buy or sell. (I have ignored the stocks where Cramer says he likes/dislikes the stock since I felt that it’s a vague statement and cannot be considered as a buy/sell recommendation). + +**Analysis:** There were 725 buy/sell recommendations made by Cramer in 2021. Out of this, 651 were Buy and 74 were Sell. For both sets, I calculated the stock price change across four periods. + +a. One Day + +b. One Week + +c. One Month + +d. Price Change till date + +I also checked what percentage of Cramer’s calls were right across different time periods. + +**Results:** + +https://preview.redd.it/uur6fwi5ayt61.png?width=624&format=png&auto=webp&s=e1f8ee2bafe16ef745dd3289826c503317135a40 + +Cramer made a total of 651 buy recommendations over the course of the past 4 months. If you had invested in every single stock, he recommended and then pulled out the next day, the returns were a staggering 555%. He was also right on 58.9% of the calls he made (Benchmark being 50% since anyone can pick a random stock and the probability of the stock going up is 50%). The weekly performance returns are also a respectable 42% but he was barely touching 50% in the percentage of right picks. One month from his recommendations, the stock return is an abysmal -223% and he was wrong more than he was right on his calls. The returns till date are also phenomenal with 446% return and Cramer being right a whopping 63.6% in his stock picks. + +https://preview.redd.it/dcoh4td7ayt61.png?width=607&format=png&auto=webp&s=6fb00595845533eba0e9dfc4769f0e1ac98a301f + +Cramer’s sell recommendations performed better than his buy recommendations across different time periods. This stat is particularly commendable since we were in a predominantly bull market across the last 4 months. 57.5% of the stocks he recommended as a sell dropped in price the next day with a cumulative return of -118.9%. This trend is observed across the time period with returns for the sell recommendations being negative. The only statistic that is working against Cramer’s sell recommendation is the percentage of right picks till date being only 42%. But still the cumulative return for all the stocks was -206%. Please note that Cramer made only 74 sell recommendations against a whopping 651 buy recommendations during the same period of time. + +**Limitations of the analysis** + +The above analysis is far from perfect and has multiple limitations. First, Cramer has made a total of 19K recommendations in his program. I have only analyzed his 2021 recommendations. The site which provides the data is extremely limited in terms of how we can access the data. Also, currently the data is pulled from street.com which was earlier owned by Cramer. They update the data everyday after the show, but I could not verify if they go back and change the calls down the line (very unlikely with it being a large business). Also, for the return calculations, I have only used the closing price of the stock across the time periods. The returns can theoretically be higher if you consider the intra-day highs and lows. + +**Conclusion** + +No matter how we feel about Cramer, the one-day returns on both his buy and sell recommendations have been phenomenal. I started the analysis thinking that the returns would be mediocre at best as there were no trackers actively tracking the returns from his calls. But the data points otherwise. It seems that there is a lot of scope for short term plays based on Cramer’s recommendation. Let me know what you think! + +Google Sheet link containing all the recommendations and analysis: [here](https://docs.google.com/spreadsheets/d/1ah4JvEMIlGopn-zOjNwB8iWCUO4r-W5FV19oX_tM9oQ/edit?usp=sharing) + +*Disclaimer: I am not a financial advisor and in no way related to Cramer or the Mad Money show.* +Why did Ken Griffin get so active in the media lately? Whose he trying to convince? His investors? His opponents? No...He can lock his investors in. He can bury his opponents in litigation. He's pandering to the entire audience.... + +Here's a recent $5m donation to Miami park project - Get that shit in the news! + +[https://www.miamiherald.com/news/local/community/miami-dade/article256373167.html](https://www.miamiherald.com/news/local/community/miami-dade/article256373167.html) + +&#x200B; + +To better understand Ken's motivations for all the recent \*positive\* news appearances, I went through 15 years of archived news on Google. Low and behold, we saw a pattern in 2008. + + + +October 9 2008 + +Ken Griffin is featured in Esquire Magazine article - Oct 9, 2008 + +[https://www.esquire.com/news-politics/a5040/ken-griffin-1008/](https://www.esquire.com/news-politics/a5040/ken-griffin-1008/) + +October 24 2008 + +Ken Griffin denies rumors that Citadel is in trouble - Oct 24, 2008 + +[https://www.nytimes.com/2008/10/25/business/25hedge.html](https://www.nytimes.com/2008/10/25/business/25hedge.html) + +Nov 7 2008 + +Ken Griffin re-assures investors that firm is rock solid + +[https://www.reuters.com/article/us-citadel-reinsurer-idUSTRE4A70G420081108](https://www.reuters.com/article/us-citadel-reinsurer-idUSTRE4A70G420081108) + +Dec 14 2008 + +Ken Griffin Locks in his investors, prohibits withdrawals amid massive losses + +[https://www.ft.com/content/f11ddb7a-ca0f-11dd-93e5-000077b07658](https://www.ft.com/content/f11ddb7a-ca0f-11dd-93e5-000077b07658) + +March 16 2009 + +Citadel accepted $200 million tax-payer funded bailout + +[https://www.businessinsider.com/hedge-funds-got-bailout-bucks-too-2009-3](https://www.businessinsider.com/hedge-funds-got-bailout-bucks-too-2009-3) + +&#x200B; + +Then it goes silent - very few articles even mentioning Citadel or Ken Griffin are archived between 2009 and 2020. Even fewer that can quote the man, as he is not in the habit of making time for reporters. He's also known for paying off news outlets and buying back paparazzi photos of himself and his family. This man has never wanted the spotlight shining on him. + +So why the media storm recently? Ken is HUMANIZING himself, and showing society and those who will judge him, that he has worth and value to the American people. He goes on to say that he's making markets great through PFOF, that he's worried about inflation and poverty, that he believes in the American Dream, that he wants to fight crime in Chicago, that being the best dad is his number one priority, that he's donating money to all the right causes, that he helped America secure vac\_cines out of his own pocket, that we need to be better for the children - this man is quite literally saving the world. He's invaluable. + +He appears disheveled in his interview with the Economic Club of Chicago - yes the one with the fake laugh track. Everyone in the audience thought he was witty and relatable. None of this is unintentional (including the lack of audience). + +He meant to look rough. He had all the makeup and stage lighting to his advantage, so why did he walk out there looking like Harvey Winestein on trial? Because he's going down as a victim in the next scene. He is a victim of fraud in the markets, a victim of economic uncertainty from the pandemic, he's a victim of Meme Stock Mania and the wrath of Gary Gensler, and if he goes down, we lose pension funds and all the benefits of his philanthropy. He's the only honest one in Wall Street, and he cares about us. + +Ken has always been a few steps ahead, and he still is. Only in the next step, things go sideways. He is putting on a show. **He is either trying to win a grammy, or setting himself up for another tax-payer funded bailout.** He already knows how this ends, and likely when. + +Hint: It's the bailout. Ken Griffin is panhandling to America. +Tagging u/robbieimmutable for further insight/implications (ONLY if you’re able :) + +&#x200B; + +Article link: [https://www.prnewswire.com/news-releases/immutable-x-unveils-cross-rollup-liquidity-solution-on-ethereum-with-starknet-supporting-planet-scale-games-with-multiple-layer-2-and-layer-3s-301554372.html](https://www.prnewswire.com/news-releases/immutable-x-unveils-cross-rollup-liquidity-solution-on-ethereum-with-starknet-supporting-planet-scale-games-with-multiple-layer-2-and-layer-3s-301554372.html) + +Notable comment from OP’s post: + +https://preview.redd.it/if1cvfad7q191.jpg?width=1170&format=pjpg&auto=webp&s=7861d177f8ad3f35af016a24eefc16607539b794 + +Full Article Text: + +# Immutable X Unveils Cross-Rollup Liquidity Solution on Ethereum with StarkNet, Supporting Planet-Scale Games with Multiple Layer 2 and Layer 3s + +NEWS PROVIDED BY + +[**Immutable X** ](https://www.prnewswire.com/news/immutable-x/) + +May 24, 2022, 19:00 ET + +*Immutable X Announces Roadmap for Multiple EVM Compatible Rollups to Create Cross-Rollup Liquidity Solution for NFTs on Ethereum* + +SYDNEY, May 24, 2022 /PRNewswire/ -- [Immutable](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=3899898308&u=http%3A%2F%2Fimmutable.com%2F&a=Immutable) X, which is powering the next generation of web3 games as the leading carbon-neutral, scalable platform for trading NFTs on Ethereum, today announced its expansion to be the world's first cross-rollup liquidity platform for NFTs, built on StarkNet. This announcement allows players to directly trade any asset matched across multiple Ethereum Layer 2 and Layer 3 roll-ups, solving the liquidity fractionalization problem that occurs with every individual roll-up today and scaling to billions of users. The protocol will facilitate hundreds of thousands of transactions per second, supporting games with hundreds of millions of daily players to truly own their in-game items. + +&#x200B; + +https://preview.redd.it/84s81fd28q191.jpg?width=500&format=pjpg&auto=webp&s=83db44129238945dbbfcaab80dec6b09b2211c45 + +With StarkNet, developers will be able to deploy custom, composable smart contracts, making it easy for projects to migrate L1 smart-contract based games to Immutable instantly. Immutable X will lead the charge in offering L3s to games with more than 10 million active users who require dedicated throughput and don't want to compete for capacity with others. + +"This is the future of Ethereum - multiple roll-ups for different purposes and games, each abstracted and unified in liquidity via Immutable X - while never compromising on Ethereum's security," said Robbie Ferguson, Co-Founder at Immutable. "The next billion players can scale across hundreds of L3s, while never losing the liquidity and composability that makes Ethereum the strongest blockchain network in the world. Secure, composable and insanely scalable: welcome to L323." + +Ethereum remains the #1 choice for game developers, and Immutable X is focused on bringing the best games in the world to Ethereum. Until now, any web3 project that required both scale and composability had no choice but to choose a less-secure, non-Ethereum Layer 1, which is prone to suffer outages and where assets can incur significant liquidity penalties. Immutable X's mission is to ensure developers don't have to choose between Ethereum's security/liquidity and the UX of their game. + +The integration of StarkNet as a new settlement environment on Immutable X removes many previous developer tradeoffs, including the lack of custom smart contracts, complex migration from Layer 1 to Layer 2, and composability. However, it will be a less performant and UX-optimized environment than Immutable X's current application-specific roll-up. + +World-class games have different needs, and therefore Immutable X will support multiple L2/L3 zk-rollups for different use cases. This update to Immutable X's platform will allow liquidity to flow freely between these L2 and L3 environments so that the biggest games on Ethereum can build without constraints and achieve true planet scale. + +"Supporting multiple roll-ups will increase the complexity of our product but will allow Immutable X to create the strongest ecosystem for gaming content without compromising liquidity," said Alex Connolly, Immutable co-founder and CTO. "Immutable is committed to being the premier platform for solving the challenges that prevent web3 games from reaching a global audience." + +"We are thrilled StarkNet will play a key role in helping Immutable X win in web3 games, "said Uri Kolodny, co-founder & CEO, StarkWare. "Our partnership will seamlessly enable world-class games and projects to thrive on Immutable X and StarkNet across L2 and L3." + +There are currently many projects in development that point to an exciting future for web3 gaming. Although each project shares the goal of creating a fantastic user experience and building a rich, long-term economy, each also has different roll-up layer requirements. Immutable X's plan to support multiple roll-ups by integrating with Starkware's new StarkNet zk-rollup solution will ensure that the company continues to lead the charge in offering planet-scale for games without compromising security. + +**About Immutable X**Immutable X, powering the next generation of web3 games, is the leading L2/L3 scaling solution for NFTs to enable strong liquidity at a huge scale without compromising decentralization or security of the most-used blockchain globally for NFTs, Ethereum. The solution, powered by StarkWare's innovative technology, offers instant trade confirmation, massive scalability (up to 9,000 transactions per second), and a fantastic developer and user experience. Immutable X has announced integrations with leading marketplaces and is powering some of the most prominent NFT plays across consumer apps (TikTok), DeFi (SuperFarm), and gaming (GameStop, Highrise, ESL Gaming, Ember Sword, Planet Quest, Gods Unchained, Guild of Guardians, GreenPark Sports, Illuvium, MyCryptoHeroes+). + +To learn more about Immutable, visit:[ ](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=3783528409&u=https%3A%2F%2Fwww.immutable.com%2F&a=%C2%A0)[https://www.immutable.com/](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=1638740438&u=https%3A%2F%2Fwww.immutable.com%2F&a=https%3A%2F%2Fwww.immutable.com%2F) + +Immutable social media:[ ](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=4041185816&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F18693504%2F&a=%C2%A0)[LinkedIn](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=1989124644&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F18693504%2F&a=LinkedIn),[ ](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=1234662542&u=https%3A%2F%2Ftwitter.com%2FImmutable&a=%C2%A0)[Twitter](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=553346832&u=https%3A%2F%2Ftwitter.com%2FImmutable&a=Twitter),[ ](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=1542486755&u=https%3A%2F%2Fmedium.com%2F%40immutablex&a=%C2%A0)[Medium](https://c212.net/c/link/?t=0&l=en&o=3547221-1&h=3000336487&u=https%3A%2F%2Fmedium.com%2F%40immutablex&a=Medium) + +SOURCE Immutable X + +&#x200B; +Let me start off by saying I am an 18 y/o Male, who loves to see people smiling and in generally a good mood. But because of my attitude, and lack of self control, I often end up spending a lot of money on friends and family. Recently I got a pretty large sum of money for someone my age. I recieved (no jokes intended) $6900. But had to use $2500 to finish paying off a vehicle I had purchased. This left me with $4400, in which I spent around $800 on friends and family before getting around $500 from work. I currently have around $3800 left after making a couple of important purchases to fix my own vehichle. But I have no idea what to do with this $3800, I'm not sure if I should invest it in something long term or short term. I leave for boot camp for military service in September, and recieve a little over $1200 (on average) a month. How should I deal with this money? Should I just lock it away in a savings account? If I should invest it what's the best method for doing so? + +Edit: I just eoke up, and I see a lot of people are telling me to put it in a bank savings account, in which I have already done. Not all of my money is in physical form. +A lot of people don't realize that this is an option! It's an option even if you do not have formal teaching experience. Keep in mind that as you are teaching English, you're probably teaching students in Asia. So, your hours will be skewed from the normal 9am - 5pm. But hey, money is money! And if anything, this can be a second job if you already have one. + +Teaching online has helped me get back on my feet and start paying off my bills. Depending on the company you work for and your experience, you can make 14-26 dollars an hour. + +Just some food for thought! + +Edit: + +Just realized you might not need a degree for QKids. Enrollment in school could be sufficient. Worth a try. + +“Requirements - Eligible to legally work in the U.S. or Canada - Earned a degree or currently enrolled in a university program - Prior teaching experience or equivalent in education, tutoring, mentoring, schooling preferred” +To begin with [PROOF](http://imgur.com/a/7yqTV) + +This was the meeting described in [this post from 3 months ago](http://www.reddit.com/r/occupywallstreet/comments/1arzzd/1er_here_that_won_an_auction_benefiting_the_rfk/). It turned out that due to health problems the fishing trip got boiled down to a long dinner conversation, but that was ok because I can not fish worth a damn. + +As a preface, I was given this opportunity because /u/m0rph3u5 thought my project [The Technocopia Plan](http://code.google.com/p/the-technocopia-project/wiki/About_Technocopia) would produce an interesting conversation. + +The meeting began with a discussion of robotics. One of the contracts my company does is for control systems for [neurosurgery frameworks](http://aimlab.wpi.edu/research/) (skip to 0:33 in the video). A friend of his has cerebral palsy so i was able to discuss with him how the robotic assisted therapy works. From there we segued into robotics and automation of the economy. + +I laid out the basic thesis from [Race Against the Machine](http://www.amazon.com/kindle-store/dp/B005WTR4ZI) in that the rate at which we are eliminating jobs is faster then a human can be trained for any new job. I then further claimed that projects like the Technocopia Plan and [Open Source Ecology](http://opensourceecology.org/) will leverage the community of labor to design the new manufacturing backbone. On top of that, the Technocopia plan is aiming to eliminate mineral sources in favor of carbon based materials synthesized from CO2 (and other air gasses plus trace minerals from seawater). The result will be free and open designs, free and open manufacturing equipment, and free and effectively infinite (emphasis on effectively) material source streams. (since this is not a tech sub, i will spare you all the details of how that will work) + +The response was surprising. In response to "It seems we just have more people than are needed to make ever increasing productive capacity, and that divergence can only accelerate thanks to the technology coming online now", Mr Volcker responded "You have put your finger on the central problem in the global economy that no one wants to admit". This confirmation from the top of the banking system literally made my heart skip a beat! (I have a heart condition, so that was not hard though) + +We then discussed ideas like disconnecting a citizens ability to exert demand in the economy from employment, since it is now clear that there is no longer a structural correlation between them. We discussed Basic Income and the Negative Income Tax (Milton Friedman), as transitory frameworks to allow for the development and rollout of Technocopia abundance machines. As a confirmation that Mr Volcker was not just nodding along, when i misspoke about how the Friedman negative income tax, i was quickly and forcefully corrected. I had accidentally said everyone gets the same income, but what i meant was that everyone got at least a bare minimum, supplemented by negative taxes. This correction was good because it meant he was not just being polite listening to me, he was engaged and willing to correct anything he heard that was out of place. + +Over all, Mr Volcker was a really nice guy, and somewhat surprisingly, he was FUNNY. He made jokes and carried on a very interesting conversation. Even if he had not previously been the chairman of the Federal Reserve Bank, i would have enjoyed my conversation with him. + +Thank you to /u/m0rph3u5 and Reddit for making this happen! + +*EDIT spelling + + + +So to cut a long story short I had a total debt of £2400 ( not including my car payments) this was spread over 5 cc cards which were "credit builders" not seen any credit get built in the time I've had them however February I had a lovely letter off cc1 and cc2 that my interest was doubling! It went from 19.9% to 39% my arse fell out! So I needed to pay them off quick! I was making higher than the minimum payments but I just never seemed to go down I felt that the balances had been floating at this amount for months! + +With not going anywhere and working from home I decided now was the time to use this to my advantage! +Balances as of March 1st + +Cc1 - £900 balance +Cc2 - £600 balance +Cc3- £500 balance +Cc4- £500 balance + +Total available credit was £5k just that was the balances. + + + +Current balances off credit cards as of today. + +CC1- £300 +CC2-£150 +CC3-£300 +CC4- MOVED TO CC 5 and closed. This was because I had a 0% promotion available for 6 months. + +So as of today I have paid off £1250 of my credit cards which has saved me alot of headache! + +End of this month CC1 and CC2 will be paid off. + +Interest saved per month is currently £50! + +Once these have been paid off I will have £150 more in my pocket each month! + +Car will be paid off soon which means within the next 12 months I will have 0 debt! I will never fall into the credit builder trap again! +Tether used to claim that 1 USDT was backed by 1 USD in reserves. This has now been silently changed to + +>Every tether is always 100% backed by **our reserves**, which include traditional **currency and cash equivalents** and, from time to time, **may include other assets** and receivables from **loans made by Tether to third parties**, which may include **affiliated entities** (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always **valued** by Tether at 1 USD. + +They openly admit they send funds to bitfinex. + +USDT is now officially not backed 100% by USD. + +I guess we're back to trusting 3rd parties, running fractional reserves, to run the market. + +https://tether.to/ + +Proof of funds link also leads to a dead page. + +**::Edit::** + +Proof of funds page is now working, still doesn't provide proof of funds. +By now, if you haven’t heard about cryptocurrency, you must be living under a rock. People young and old have been investing in cryptocurrency as of late. With the price of 1 Bitcoin pushing past 60,000USD for the first time earlier this month, experienced and non-experienced investors have been eager to get their foot in the game. + +But making a healthy profit from investing in crypto isn’t the easiest thing to do. You can’t expect to just throw all your money at Bitcoin or Ethereum and make a big profit. It's common for new investors to put money into a token that is at an all-time high because they don’t want to miss out on the profit, but then have the price dump down on them and leave them at a loss. + +Investing without any knowledge of the cryptocurrency environment is a dangerous game. With thousands of different crypto projects out there, it's hard to choose the right one to invest in at the right price. Doing all the research yourself is an option, but wouldn’t it be nice to have people do that hard work for you (without having to pay them fees)? + +You may have heard of ‘pump-and-dump’ groups before. These groups will all coordinate to put a lot of money into a crypto token at the same time, then quickly sell off all their holdings once they reach their desired profit (typically between 100%-300% gains and up to 1000% sometimes). + +The problem with these groups is that it's easy for newbie investors to lose their money during the pump-and-dump, either by not putting in their money quickly enough or not selling at the right time before the price goes below what they paid. Other times, people running pump-and-dump groups will pre-buy the token before everyone else so they can make a greater profit off of everyone else in the group by selling as the group buys. + +Plus, a lot of these groups use ‘bots’ that do all the buying and selling for them, so you’re at a disadvantage when you aren’t using a bot to do it. + +That’s where WhaleSpring comes in. WhaleSpring is a community of experienced and newbie investors that work together to choose great cryptos in which to invest. + +However, WhaleSpring is different from all of those pump-and-dump groups. WhaleSpring is an invest-and-hold group. You don’t have to worry about losing your investment to the ‘dump’. The team running WhaleSpring never pre-buys tokens before a pump so it is fair for everyone involved. Plus, you don’t have to worry about bots buying the token before everyone else because the token is always announced as an image that bots can’t read. It simply becomes a matter of how fast you can type the token into the exchange once it's announced and click buy. + +WhaleSpring has seen massive success in their investments. + +Vethor Token (VTHO) was one of the picks made in early February, and has since increased in price over 1000%. + +Audius (AUDIO) was another, with its price increasing over 500% since investment. + +The chosen tokens always have strong underlying value and fundamentals, and they have a tendency to be low-market cap so that the amount of money WhaleSpring community investors make is much higher. If you talk to those in the WhaleSpring community, you’ll hear how happy people are with the gains made from these investments. + +The WhaleSpring community is very supportive and friendly to everyone. They keep the community focused on investment and education. The community will answer your questions politely, however silly you think the question may sound. It has a real family feel. + +Besides the community investments that happen on Whalespring, you can learn a ton about cryptocurrency and other great projects in which to invest. + +To get started on a successful crypto investing journey, visit [WhaleSpring.org](https://WhaleSpring.org)! +We all know block chain tech is apart of our future, but lets forget about the tech for now, + +Forget about achieving a million transactions a second. 50 years from now our tech is a going to look as techy as a floppy disk. + + +HERES WHY its going to explode in total market cap. These are historically clear signs of an upcoming boom. + + +**Popularity and interest increasing despite bad news and market dips ** + + +Ive seen this happen 3 times in my life. + +In 1999. I was 19. Barnes and noble was my favorite place to visit after computer science classes. I would first hit a bowl or two(in my car in the parking lot), walk in, set up my laptop , grab a coffee and load up my pirated version of the $1,000 Visual Basic enterprise edition . ahh, I miss those free days, I would usually grab a book and practice my VB. + +I loved this place ! I was so eager for the one close to my house in paramus to open up. + +Until one day I was driving , and heard news on the radio that Barnes and Nobles Stock fell to 50 cents from $16 out of nowhere in 1 day . that was a hot topic, + +However I couldnt quite understand why it tanked. They were building them in 5 new locations , and the existing ones where super popular . the lines for books were always long . + +I had a gut feeling , and I had $3,000 dollars to spend. I said to myself.. I should totally buy $2000 worth of shares . but I didn't because I was young and naive. I didnt know how to obtain stock so I just kinda gave up that thought. it recovered to 3 weeks later. I heard the news . I was so pissed. + +Apple. After the realease of the first Iphone. Apples stock suddenly kept creeping downwards at a slow pace, this continued for a few weeks. Pennies at a time, it lost around 60% total. + +Again it made no sense. People where going nuts over apple products, it kept getting more and more popular and expanding. Just made zero sense. A practically dead company on the stock market finally does something innovative and the price goes down?? Wtf? + +Again I didn't buy. Haha. It recovered fast to a new ath. Like x25 its low price. FUCK!! + +NOW I'm starting to see it again only now with crypto. However this time around, I'm prepared. I'm already in! + +Again *Popularity increases despite the bad news and dips* + +Regular people are now wanting it more than ever. My wife's 87 year old aunt and uncle asked me today how to get into it. They wanted to give me 500 to do it for them. I knew there money situation . it was shit. They are running out of money and they want a way out, I actually felt bad so I just gifted them the 500. But hey thats family. They are not gonna be around too long, and I want them to enjoy it while they still can. They insisted on paying me + + I told them pay me back if you gain 5500. Else keep it . done. + +My 60 year old dentist asked me twice already. + +Some middle aged dude at dunkin donuts asked me 2 days ago during a conversation about north Korea. Just "by the way.. Did you hear about bitcoin?" + +Me: yeah I know the bit thing. + +Really??? How do I do that? Etc. + +I mean my fucking Egyptian religious Christian neighbor walked over to my house to ask me about it , HE DIDNT EVEN KNOW I WAS INVESTED IN IT! I never told him. + +Shit!!! This happened after the 30% crash. + +Now telegram and all these companies want to dip their nuts in some coins. + +And the market still goes through dips???????????????????? Dipping while new coins add market cap every day? Wtf? + + + + +So yeah . I do believe it will top 1 Trillion most likely 6 trillion . thats about 9% of the global stock market value. Or 1% of the dirvitives bubble. Then... Then it might crash. It might. But all I know is I plan to sell for big gains when we hit 2-3 trillion. + + +Thoughts on how I could be wrong? Please enlighten me? If I'm wrong then everything I believed in the world was a lie. + +Wait... Most of it was a lie. + +Greatest country ever - lie +Police are on your side - lie +The country will protect you - lie +You have to go to college for the good jobs - lie +Food coloring in harmless - lie +The docotor knows what's best for you - lie +Milk makes you strong - lie + +All lies growing up. + + +A sad end, they just gave shitcoin bcc to people and closed everything now the coin is down 90% and no one wants to buy it. + +I see people going crazy in the bcc subreddit I just hope no one kills himself because of this, please let this be a lesson. + +1- Research what you invest into and don't let the FOMO blind you from redflags. + +2-Don't invest what you are not ready to loose. +Today, I hit my number, today is "SomeDay". + +I'm still happily employed, and fulfilled, but today marks the day that for the first time, I've hit my number. I don't really know how I feel about it all, as the market is fully decoupled from the economy, and there has never been a more uncertain time in my lifetime -- but here we are. + +It's been 20 years of often working 50+ hours, working on growing my career, playing defense with the personal finances and then offence with the investments. I'll try to write up my path for some future Milestone Monday, but for today, it's just a stake in the ground. + +You may all tell me to fuck off now. + +Edit: I'm 44 years old, single-income, two kids. The number is 1.8MM CAD. + +Edit2: That's 1.8MM NW, as if I sold some stock to pay off my house tomorrow, not including any home equity gimicks in there. RE will be in four years. +I wanted to share as I think this is big for making this incredible wealth building strategy more simplified. + +Using the mega backdoor Roth method was cumbersome previously. You had to really know what you are doing and then make periodic phone calls to to a conversion. But I learned Fidelity has now worked it out so that after-tax contributions will be automatically scraped every month and put into a Roth IRA. This vastly simplifies this incredible wealth-building strategy. It essentially eliminates Roth income limits and opens up the ability to save more like $30k per year vs. the $3k per year in a normal Roth. I imagine other 401k providers will follow soon (or have already). If they can manage to auto-invest the monthly contributions into pre-selected funds, that would fully close the circle. + +So what is the strategy? If your plan allows, you can make after-tax contributions to your 401k and roll them into a Roth IRA. After-tax contributions do not normally make sense to do by themselves, but it makes great sense if you then routinely roll your after-tax contributions into a Roth IRA through an "in-service distribution". The in-service distribution should only be for after-tax contributions only to avoid unintended tax consequences. And this should be done routinely to avoid any major gains built up on the after-tax contributions which would also have tax consequences. Once in the Roth, you are golden, free from taxes for life. + +There is no income limit to this strategy vs. a regular Roth and you can contribute much more. To determine what you can contribute, you need to take the $56k annual 401k contribution limit and subtract any before-tax contributions and any matches. For instance, if you do the max $19k before-tax contributions and then get $6k in matches, you can then make as much as $31k in after-tax contributions per year and convert that to a Roth. + +Check with your 401k company if this is a doable strategy for you under your plan before embarking on it. + +After-thoughts: + +I think the standard advice may need to be altered then. It has often been max your 401k match, then max a Roth IRA and then do more before-tax 401k. I think it should shift to max your 401k match and then pump as much as you can into the Roth IRA via the mega backdoor approach, then max a regular Roth, then back to 401k (if you happen to be swimming in gobs of cash!). + +For the disciplined investor, the mega backdoor Roth can also help you tuck away one-time upsides like an inheritance. Say you inherit $60k and want to invest it long term. Over the course of two years, you can max out your after-tax/Roth contributions to your 401k (say $30k per year extra). You can make up for the shortfall in income this causes by replenishing the contributions with the $60k inherited. Over the course of two years, the $60k is drawn down to zero and you now have $60k in a Roth that will grow tax free forever. And the plus with a Roth is, if you really need some cash later, any principle you have contributed can be withdrawn later without tax consequences. (Provided the account is open at least 5 years, I recall. And you really shouldn't do this unless absolutely necessary). +Hey there - just wondering what everyone’s opinion is on what the best credit cards are for everyone. + +We spend around $2-300k on our credit card each year (and always over $100k on travel alone). Anyone have any good recommendations on best cards? I don’t think we’re really leveraging this part of our lives right now. Thanks! +Hello /r/forex! + +We are current looking to fill up to 2 additional mod positions here on /r/forex. + +The mod roles will primarily involve reviewing and removing posts which are breaking the rules or deemed of low quality. + +You do not need to be an absolute expert in Forex or Trading to apply, but preference will be given to candidates who have enough experience to see shit-posts or scams even when they aren't obvious to the average trader. + +If you are interested, please reply here with an overview of your experience in trading and how you plan on contributing to the sub. :) + +If you'd like to provide more personal info for vetting purposes, you can always DM me with it. + +Cheers! + +Jack +If I am a US resident but use a broker outside the US which accepts US clients are my winnings technically illegal if my broker doesn’t abide by maximum leverage, FIFO, and hedging/netting laws? + +Or if I trade with an unregulated broker at all is that illegal? As long as I pay taxes on my winnings right? + +Thanks in advance. +Quick recap, been trading for 14 months and started trading live in February 2019. Alli started by watching YouTube’s videos about the basic like terminology ect. And learned how to trade from a year of back testing on the demo, learning from my mistakes and learning what works for me. + +Since I’ve been live , I’ve been profitable. All my trades since February I’m at a 73% win ratio with about 4 trades a week. That being said, I know what I’m doing for the most part but i know there’s still so much I can learn. + +There’s still a lot of terminology I don’t know. And when the market moves up and down, I don’t know why it does what it does. + +I trade forex by recognizing patterns and trends on the chart itself. That’s it. + +Should I be more aware of the news and how it effects the market? If so, are there any forums, websites, videos, or books you would suggest o read to give me a better understand of how forex actually works? + +I feel like knowing how to read the charts is only have the battle. The more tools in your belt, the better so I’m just trying to gain as much knowledge as possible to hopefully turn this into a career +[from u\/I\_DO\_ANIMAL\_THINGS](https://preview.redd.it/246nzb08by281.jpg?width=2882&format=pjpg&auto=webp&s=ea483c15146b6f56cab91e34868c9e2918775f2c) + +[~~www.gamestop.com~~](http://www.gamestop.com/) ~~(THIS PORTION COMPLETE)~~ + +* ~~go buy toys and ship them to the Irving TFT address!~~ + +[Link to TFT money donations](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) + +[Link to main VGH post](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/) + +&#x200B; + +[turn on the audio lmayo you won't be disappointed](https://reddit.com/link/r6iuw8/video/6ai4220way281/player) + +~~Alright folks I hope you enjoyed that. The sound carries through my apartment so that’s why I had to whisper. Didn’t want my neighbors to hear me recording the dumbest song of 2021 lmayo. Now onto the updates!~~ + +https://preview.redd.it/fem0m7tbby281.png?width=663&format=png&auto=webp&s=c7920e807b4d0e80e0db0361ecc34f7c0520c5a1 + +# IT’S THE FINAL COUNTDOWN! + +**~~DECEMBER 10~~** ~~is the last day that you can order toys and send them to the Irving TFT. So it’s full steam ahead!~~ + +* ~~Name: Toysfortots Gamestop~~ +* ~~Street Address: 3880 Irving Mall~~ +* ~~Between Macys-Dillards on backside~~ +* ~~Irving, Texas 75062~~ +* ~~Phone number: I used my personal one lol its GameStop.~~ + +# BUY FROM GAMESTOP! LET’S BOOST THOSE FOURTH QUARTER NET SALES! LET’S GIVE OUR BOY MATT SOME LOVE!! + +[REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE](https://i.redd.it/akenykzeby281.gif) + +# Wondering how much $$$ in toys we've sent? Welcome the VGHbot! + +Thank you u/MrYoson for building this amazing bot and making it as dummy proof as possible! The bot’s purpose is to figure out how much Apes are supporting GameStop! + +https://preview.redd.it/hrkmrv7hby281.jpg?width=1024&format=pjpg&auto=webp&s=b371078e8fa9ef1604d7bd6a1a272c9894fa0972 + +So for those of you who have made GameStop purchases for the VGH, here’s how to add your receipt to the bot’s total. + +1. Get an imgur link (or similar photo sharing) of your receipt +2. Post the imgur link in a comment with !VGHbot:xxx! + 1. use the subtotal for the xxx like [this](https://www.reddit.com/r/Superstonk/comments/r6iuw8/comment/hmtbiuk/?utm_source=reddit&utm_medium=web2x&context=3) + 2. xxx should be something like 420.69 or 69.69 or 100 or 3.69, all should work + 3. capitalization doesn't matter + 4. With the bots and Reddit limitations, please don’t be alarmed if the VGHbot doesn’t autoreply right away. + 5. You can do this anywhere on Superstonk and it’ll work, but please try to keep it to VGH posts <3 + +# Don’t use the VGH flair for your personal holiday purchases. + +It’s for the kids. **The bot and the flair are JUST for the kids, please.** + +For your personal holiday purchases, please label them under HYPE/FLUFF. Thank you! + +# $89,195.33 of $741,420.69 raised so far! + +Last day to donate money to this fundraiser is December 24. + +And about that lofty $741,420.69 goal...I’m gonna make a PSA right now and tell you straight up that I don’t care whether or not we hit our money goal. EVERY SINGLE CENT that we have raised for the VGH is a win. No matter how this turns out, I will only have pride, admiration, and thanks for this community and what we have accomplished. The Very GMErry Holiday will forever speak volumes of who we are. I love you guys <3 + +And that makes this next part hard to say. + +https://preview.redd.it/2r7u9pbpby281.jpg?width=636&format=pjpg&auto=webp&s=87c2580b9ccc92cd276fbb4e9028c83b70b97071 + +When I joined the mod team during the summer mod drama, I said I’d stay on the team until the end of the year. I only became a mod because I felt in our time of need, someone needed to do *something*. So I stepped up and did what I could. Being a moderator will forever be one of the most important things I’ll ever do in my life and I’m grateful to have had the opportunity to make meaningful change in a community I care so deeply about. + +But I’ve done a lot of thinking, a lot of soul searching, and I know it’s best I stick to that departure date (unless we start getting whiffs of MOASS beforehand 👀). This place doesn’t need me. It doesn’t need any of us because there’s so many Apes and I believe when enough people think critically together, we can solve ANY problem. And in this specific community we’ve built, we have a lot of people who CARE and that kind of passion can’t be understated. + +[I'll never stop making butt jokes](https://preview.redd.it/vkfttmeqby281.jpg?width=462&format=pjpg&auto=webp&s=6d6bb6133e51b11b7f153a0197d13f35198f74dd) + +It’s been a rollercoaster ride over this past year. I’m a better person than who I was last December. And for the first time in a long time, I feel hopeful. The Apes are my people, you are my tribe, and I will forever be grateful to have shared this pocket in time with you all. We’re quite literally changing the world right now. And we’re doing it by uncovering all those little secrets and tricks the wizards in charge used to keep the curtains closed and the veils drawn. But no more! + +I’ve been an Ape since the beginning and I’ll be an Ape when this chapter ends. This is gonna be an emotional last month for me so I’m just gonna have a lot of fun before I say goodbye. Thank you for letting me be me <3 + +In closing, I present another shitpost. For I have found the **secret weapon** in our fight against corruption and fraud! + +[ I’m DRSing another 69 shares later today awwww yeaaaa](https://preview.redd.it/or2lloxsby281.jpg?width=1347&format=pjpg&auto=webp&s=50fb2169f37db1dc48339c099b4cc11ad057203c) + +# Cheers everyone 🍻 let’s give some toys to kids <3 +This is VOO’s highest dividend to date. Who says it’s not a dividend growth stock? + +Sauce: https://investor.vanguard.com/investment-products/etfs/profile/voo#distributions +Hi all :) + +My husband (33) and I (32) currently both invest 15% into our separate retirement accounts. I have $80k saved (started working my career later than him), and he has $250k saved. + +He just accepted a new job as a software engineer. Base pay is $155k. We were planning on doing the 15% still, which will max him out at $19500 for the year. He is also getting a $90k sign on bonus for the first year, and $60k signing bonus for his 2nd year. These bonuses are to paid monthly (about $7500 a month, before taxes). Should we also be saving for retirement with these bonuses? If so, what type of account is best? + +I’m not sure if it’s better to contribute more to retirement, or save in our bank account, or pay off debt (only debt are cars and home). + +Thank you! +I have no idea what specifics to include so I’ma just list some stuff that may be helpful: + +0 debt + +22M in Nashville, TN + +Will be expected to live at home for a few months before I decide to live with roommates in an apartment + +$30/hr, Roth IRA already maxed, going to match company’s 401K, and whatever left over will be going towards personal trading of ETFs + +What other things do I need to consider? +I could really use some advice. + +Our parent passed away over a year ago and we both inherited the house. + +It was built in the 1950s (2b/2b) and our parent who owned the house did the bare minimum upkeep. Valued at 450k. + +We both live out of state, 5 hour plane ride away. + +I want to sell and split the money and move on. + +My brother wants to spend 60k to renovate and then rent it out. He is opposed to an estate sale and thinks getting a property management company is absurd. We both work full time. He flipped one house and lost 20k. + +At first I thought I would give it a try but after careful consideration have decided against it. I have handled all property maintenance over the past year and it has been expensive and exhausting. + +We have had one contractor come out and promise a full renovation in 3 weeks for $60k. + +Issues I am aware of: +-Basement floods during rain +-fireplace gets wet during rain +-basement floods when running dishwasher + +I am no expert and not interested in doing a long distance renovation or being a landlord. I also want to protect our relationship. I worry that there is much more that will be discovered and I don’t even know what kind of permits need to be pulled, or if we are even allowed to rent in the town. + +What are some solutions? What does a buyout process look like? + +Any advice would be massively appreciated! + +Thank you +That’s how much I received per month in welfare money for myself and my daughter in 1993. +I remember going into a department store (anyone remember Hill’s?) at Christmastime and seeing a Barbie house that my four year old daughter would have LOVED! A three story townhouse with lights, an elevator, all the bells and whistles. Guess how much it was? +Yup. $274.00. I wasn’t mad that other people could spend the same amount that I was living on per month on a single toy, but I was confused as to HOW they were able to do so. +Everyone I knew was in the same public housing development receiving public assistance. This was before the 1996 welfare reforms, so we didn’t have to do anything to get benefits. I had a genuine “aha”moment in that toy aisle when I realized that I wanted a different narrative. + +That was a long time ago, and I struggled for most of those years, living paycheck to paycheck, relying on credit cards when the money ran out before the next payday came. But today, I spent $430 buying all the gifts on the children’s wishlist of the family I “adopted” for the holidays. I hope they feel that magic in Christmas morning that all kids deserve to feel. +EDIT: Thanks to everyone who helped me, sorry if i couldn't get to all your questions. I was freaking out and turns out that everything my dads doing is good as long as he keeps up with it. y'all have helped me a lot and ill be looking forward to posting again, maybe not first thing in the morning next time ha. This is my first post so if i'm doing something wrong lmk and ill fix it. also prepare before you read bc it's 7am and im on mobile so expect a mess. +So just a background im 20yo and im about to start school, currently living with my mom to save. I've never had a loan or a credit card or anything of that nature. So when i logged into Credit Karma for the first time i didn't expect much. +Turns out i already had an account (my email, SSN, and pw) and a credit card (not mine) that's been set up for a year. +Now a year ago i lived with my dad in an apartment for about 6 months and he'd always say things like "were gonna get a house soon i just have to get my credit right" and i remember him asking me for my SSN and info bc he said "im putting you on my credit that way you can have good credit when you start using it". my parents have been divorced since i was 3 and my dad lived far so i didn't see much of him and i know not to trust him with things like that (his family has a history of scamming) but he seemed to have his shit together so i trusted him. +When i logged on i had a 720 with 86% utilization and shows me the credit card connected to MY ACCOUNT ASSOCIATED WITH MY SSN AND MY CREDIT. +So i guess what i'm trying to say is i know my dad had shit credit before a year ago, and it seemed like a dream come true when he bought his first house, so did my dad use my lack of credit to restart and piggy back off me? or did he use my SSN to. yield credit and buy a house? idk. i don't know how any of this works and im not okay with sharing credit with my dad so please help what do i do? i feel like something sneaky went on + +td;lr i have no credit, logged into CK and found all my dads expenses, wondering if he used my SSN to buy his new house. + +I post a logical position and people trash it and try to give me opinions that are complete crap. If I sell a weekly spread I'm taking advantage of high IV while defining my risk. You people and your yolo mentalities. I'm not trying to live in a cardboard box. +[https://www.charlotteobserver.com/news/business/a00hgp/picture204441209/alternates/FREE\_1140/IMG\_0910](https://www.charlotteobserver.com/news/business/a00hgp/picture204441209/alternates/FREE_1140/IMG_0910) + +TL;DR Apparently it needs to be said again, even though it’s been fought over for months both here and on the Superstonk discord: Mainstar is BEYOND SUS! + +There has been a concerted effort by mods and shills both here and on the discord to stifle discussion about it, with at least one new post in support of Mainstar being pushed to the front page almost daily, loaded with bullshit awards, and mods look the other way. Mods have been asked on numerous occasions to look into this, and even though they were smart enough to ban Millertime and his horrendous drsgme scam, they refuse to do a single thing about Miller’s chosen SDIRA. + +There are dozens of SDIRAs nationwide, some with an actual footprint and track record, but somehow **a garage in the middle of buttfuck nowhere Kansas** is being pushed as the premier place to send your hard-earned retirement shares. What’s more, Mainstar has been implicated directly in a prior ponzi scheme, in which their clients were fleeced for everything they had. Their defense? We don’t have a fiduciary responsibility to our clients, they’re free to do what they like. No fucking shit. + +Gamestop was VERY clear that they will not advise anyone on the use of a SDIRA or any attempt to DRS IRA shares for that very reason. Your shares get DRSed not in your name, but Mainstar’s, and they are free and clear do what whatever the FUCK they want with them. They could sell them prior to the squeeze, or not at all, claim they were trying to look out for your best interests, and you’d have zero fucking recourse. Is that really where you want to send your shares? For no other reason than that, Mainstar is a garbage option. + +But wait, there’s more! Mainstar works with Northern Trust as their broker. Northern Trust uses Citadel technology, and works closely with them [https://www.nasdaq.com/articles/northern-trust-acquires-citadels-omnium-technology-platform-2018-07-02](https://www.nasdaq.com/articles/northern-trust-acquires-citadels-omnium-technology-platform-2018-07-02). + +Ask yourselves why this shitty little garage is being pushed so hard, day in and day out, for half a fucking year, as THE go-to SDIRA for your life’s work. Do you really want to send your life’s work to a shithole that owes you NOTHING? The mods and shills of Superstonk sure want you to. I can’t claim to know the end goal here, but there is not a doubt in my mind (and those of many, many others that have been banned or silenced by other means) that Mainstar is the sole “play” left for bad actors to get ahead on this trade. And they’ll use every cent you’ve ever saved against you to do it. + +In case you need more evidence, here is another post that was viciously downvoted by countless shills so that they never got the eyes they deserved: + +[https://www.reddit.com/r/Superstonk/comments/w9tso3/mainstar\_trust\_bestcase\_small\_bumbling\_unwitting/](https://www.reddit.com/r/Superstonk/comments/w9tso3/mainstar_trust_bestcase_small_bumbling_unwitting/). + +And the sole mod that seems to give an inkling of a fuck about this had something to say as well: [https://www.reddit.com/r/Superstonk/comments/x6y4tx/drsing\_iras\_concerns\_regarding\_custodian\_method/](https://www.reddit.com/r/Superstonk/comments/x6y4tx/drsing_iras_concerns_regarding_custodian_method/). + +And the initial DD which made Millertime very, VERY angry. Wonder why. [https://www.reddit.com/r/Superstonk/comments/un2kql/dd\_into\_mainstar\_company\_named\_as\_being\_able\_to/](https://www.reddit.com/r/Superstonk/comments/un2kql/dd_into_mainstar_company_named_as_being_able_to/). + +Mark my words. If you have your retirement with Mainstar, chances are you can consider it gone. I’m sure this post will also be lost amongst the flood of pro-IRA-DRS idiocy on here, but consider yourselves warned. + +And to the mods, with the exception of goldie, I honestly don’t know how you live with yourselves. If there was ever, EVER something worth filtering, it’s this, and you’re all asleep at the fucking wheel. Shame on you. I hope one day you have to look the people whose money you are complicit in losing in the face and explain why it was too much effort to put your collective feet down. + +Edit: Nice vicious wave of downvotes after a good organic start. Guess the shills found it, just like all the others. Why do you think I titled it this? I'm not wrong about any of this, unequivocally, and anyone telling you otherwise is a shill or an imbecile. Period. Anyone genuinely interested in learning the truth should do their own further research. Your retirement is at risk. Other than that, enjoy your daily Mainstar front page posts, courtesy of Kenny and your very own mods. + + +Edit2: Kenny, kenny, kenny you're really bad at this. Hire a new team :D +I am a university student and have 4.500€ in savings. I have all my money in a normal conventional bank account. Would they be safer (and easier to use) in revolut? + +For example , i never use my debit card for online purchases because i am afraid something could go wrong , but I'd like to be able to. Revolut offers virtual debit cards tho and from my understanding all of their stuff are completely free. Should I open a revolut account and transfer all my money there , or get a second debit card from another conventional bank (my country is Greece) and use the new card as a shopping card? +Hi, + +I'm a Belgian and I've been researching into investing seriously the last half year. + +I'm already in the crpyto game since 2016 and made some gains there, but now I'm looking for a steady and long-term investment. Pension funds, bonds, ... etc are not interesting for me because I'm not sure if I'll always have a Belgian income to deduct taxes from. + +TL;DR I want to invest in dividend stocks via Keytrade (10+ years long-lasting client, so not going for Bolero or Degiro) + +I watched all the typical blogs, YouTube videos... I have all the basic information I need but I still have some questions I'm not sure off, I hope you can help me out. + +&#x200B; + +1. Is it better to invest monthly, or save up money until a certain transaction cost max. to lower my costs? Choosing between dollar-cost and value averaging or just throw it in each month? +2. Do I need to watch out for foreign or European/Belgian ETF's? I don't want to be double taxed. If I understand correctly, thanks to double taxation treaties the 30% US dividend tax is lowered to 15% tax, but I still have to pay 30% Belgian tax after that... But you can still fill in forms for the U.S.A. Why would a Belgian want to invest in U.S. ETF's? Looks complicated. +3. I know there's a 30% tax on dividends (and no annual €812 tax break since it's an ETF and not a stock). But I won't have to pay those taxes as long as I'm using an accumulating fund? Is this the right way to go? Or better a distrubuting one and reinvest manually? +4. For now I'm looking for ETF's, but I don't want to throw all my baskets in the S&P 500 or certain geographically bound countries/continents. I'm looking for a steady "allround/world" ETF that is offered on Keytrade that is basically invest and forget. VWCE? Is this a mix growth or value stocks? + +Any other tips and advice are welcome as well. + +Thank you. +Hi, + +My wife and I have bought a property in Germany last year. We got 220k at around 1% interest from kfw and 250k at 1.5% from the bank. We have the interest fixed for 10 years. + +Our initial plan was putting our saves into the traditional ETFs recommended here (developed world and emerging markets from vanguard) and when the time to renegotiate the debt comes we would evaluate if it was worth using that money for reducing the debt or if the interest was as low as we got initially just refinance the whole thing. + +I have a guy that takes care of my insurances and helped us with the financing. Some days ago he recommended us to make a Bausparvertrag (sorry I have no idea what the translation to English is). From his explanation I understood that I’d basically put money in a account every month with basically no return and in the exchange they’ll fix the interest rate for us in 9 years. The idea is that we’d be safe with a maximum interest rate for refinancing our mortgage in 9 years. + +I’m unsure if this is worth or not. Having some insurance of a maximum interest rate seems like a good idea but having all this money there sitting (for us sitting, I’m sure the bank will make good use of it) doesn’t sound good. + +Do any of you have experience with such contracts and or have an opinion about it? Any input will be highly +Hey. + + +I want to start managing my finances and start saving for my own house. +I tried user made spreadsheet that i found in personalfinance subreddit but it was quite colorful with different credit cards etc... which i don't have. +My income with my gf is total of 2400 and spendings (rent, food etc...) around 1600-1700 + + +All the help, tips etc are appreciated. +Thank you. +Hey! I have recently started to get into personal finance (never got any education on this) by reading everything I could online, but it feels like information overload and I'd like to run some stats and possible plans by others with experience in the matter. + + +Some info: + +-24 years old (only 1 year in the workforce) + +-Moved to Sweden a few months ago + +-**No debt of any kind** + +-**Current salary ~2000net EUR/month** (steadily increasing due to good performance) and not looking to job-hop at the moment as I've done this recently and I'm comfortable atm) + +-Recently set up work pension plan with employer, **they pay 120[edit] EUR/month onto a global market index fund**, with a 6/7 risk rate (since I'm young, my understanding is that I'd have time to recover it if it doesn't perform great) + +-**I have just completed my emergency fund** (~half a year of expenses) + +-**1.2k EUR in secured shares** in the company I work for. + +-Currently not any other savings since I'll be moving soon and that'll wipe most of what I have (not including emergency fund) + +-I'm also due to get some bonuses (nothing too crazy) but I'd rather not count those and straight up invest them I to whatever is most sensible, it's not like I'll miss that money anyway + +-**Expenses: ~1000EUR/month** +Rent-700 (+home insurance at new apt. - don't know price) +Food-120 +Social-80 +Home supplies, health, clothing,insurance, misc. ~100 + +-**Savings:~1000EUR/month** + + +So,I feel like my expenses seem too high and I'm looking to cut a bit in the last 2 departments I'd like to get a second opinion. Can't really cut on rent as I'm lucky enough to even find a place to live (That's Sweden for you) + +How do these numbers look? I'd really like some perspective. + +Long term goals are to save as much as possible but nothing in particular such a house downpayment or the like. + +Mid term goals, I'd like to purchase a motorcycle + gear and fund cross-continent trips/vacation (I've set a rough number of 7000EUR in a couple of years, maybe a bit less) + +I've looked into Savings accounts, ETFs and buying stocks. I'd like to automate a certain amount of money out of each paycheck to go towards something I don't have to worry too much about managing, but will at least fight inflation + give me some interest. Savings accounts in Sweden don't seem to have very good rates at all; I've checked N26 and other routine banks but I'm not too convinced. + +I've checked Degiro, would this be the way to go? (and just pick a decent looking etf/index fund?) + +I think that's most info I can think of, if there's anything that is important to assess the situation Ill update it. + +So, if you were in this situation, what would you do? How would you rearrange expenses and split and allocate savings and where to have a secure, decently profitable and balanced portfolio? + +How would you change your strategy if you'd needed to be ready to move around Europe or even worldwide every couple of years or so? Can't really find good sources on how to manage income, taxes and investments if doing this. Not planning on it but just in case. + +Sorry for the wall if text and the confusion, it's my first time managing money and I'm still a bit overwhelmed, thank you in advance for your input! + +EDIT: Monthly money going into pension is 120EUR +Hello, + +Could somebody explain the reason for the fairly large overnight price change on European ETFs? + +Is it due to out of market trading or something else? + +Thanks, +*disclaimer/ already posted it on r/personalfinance to see the view of the fellow investors outside the EU. + +I wanted to ask you for your opinion on my ETF portfolio: + +Brief info in advance. + +I am from Europe. +I invest around €900 per month in 3 distributing ETFs. In my country, accumulating ETFs are taxed identically, so it doesn't make sense to switch from the dist ones. I chose the S&P500 ETF because of the low TER, in order to be able to overweight USA shares cheaply. + +1) Vanguard FTSE Developed World UCITS ETF (USD) Distributing = 66%. + +2) iShares Core S&P 500 UCITS ETF USD (Dist) - 17%. + +3) iShares Core MSCI EM IMI UCITS ETF USD (Dist) - 17% + +The only "downside" I can see (other than simply just investing in the slightly more expensive ACWI) is the slight overweight to South Korea. + +What would be your suggestions for improvement or your opinion on this? +FOR HOPEFULLY THE LAST TIME: Some idiot on CNBC is not going to ALERT you to anything of value. EVER. + +This is not financial advice, I still sleep with my Teddy Bear, Mr. Pickles. + +One of these days you're going to be minding your own business, eating some government cheese and out of nowhere, someone will text you: "Did you see that? Wth, is this real?" You'll look at your phone and GME will be at prices that don't seem possible. + +And here's one thing I can guarantee...Every single one of us will wish we'd have bought more when it was 30 freakin dollars. + +Buy what you can afford, DRS, and enjoy the lilies of the field. +EDIT: Amounts removed as it seems to have upset some people. + +EDIT 2: Thanks to all, I don't need anymore comments on this one. We will amend the gift so it is to both of us and not just me. + +#EDIT 3: I called Halifax and they confirmed the money can just be gifted to myself, no need to gift it to my partner as well, and they even said they don't even need a letter or bank statements at all. + +Mum gifted me £x of which £y (slightly lesser amount) will be used for a house deposit. My girlfriend also is putting up £y for her half of the deposit. This means I would be putting in the same deposit as my girlfriend. + +Mortgage broker sent us a template letter for my mum to sign which states that the money is gifted to both me and my girlfriend. My girlfriend isn't comfortable with this, as it was only gifted to me so we can go in with an even amount in the house. + +We asked the broker about this, and she said it would better to have it gifted to both of us and to leave the template as it is. I assume the mortgage application she put in for us states it was gifted to both of us and she can't correct it. We've already had the mortgage application accepted. + +What should we do? +I was curious as to what was the dumbest trade you ever made. + +For myself I can say shorting a biopharma stock on margin while it was in the middle of a short squeeze takes the cake. Needless to say, it basically blew up my account. + +Looking forward to hearing any experiences. +Amazon is at $89 right now. Amazon was not at $89 per share since March 2020 (it hit $89 the worst day of the COVID free fall). Alphabet is down to $84 per share within the last hour. Alphabet was not down to $84 since October 2020. Maybe not as extreme as the example with Amazon, but hey, 2 years is still a weird time for a company to relapse to those lows. + +There are so many comparisons a person can make today with everything that has happened lately. I won't continue the comparisons with how stock prices reflect now vs 2020 any more, but I will say I think the worst is yet to come and the recession is just beginning. Back to the times of 2008-2009 when you walk through a mall and 1/3 of the stores are suddenly closed for good. Also remember walking with my dad in 2009 (I was only 14 years old in 2009) and we had walked past a TV set a month prior and it was $640 (remember numbers like this because I am high functioning). We came back a month later when the reality of the recession being just much worse than we thought was all coming crashing down. That same $640 valued display now had a price-tag of $228. + +Get ready for this stuff to happen starting very soon. Was just at a casino and it is always busy and loud. There was almost nobody inside the casino this last week. **We are in a recession is the point of this post.** +My partner was brought up on what seems like the Australian dream (graduate, marry & have kids, buy house, die). I moved around a lot, overseas and in Australia (army brat) so I have a fairly different view of what life can offer. + +That said, we're married and renting in inner Melbourne, and have a young child. Til now, we've been working on getting our finances up through investments and saving. But lately, she's started wanting her own home so she can "feel free to decorate, and have her own garden and feel like she owns her home". She's also thinking she wants to buy in Ballarat, Bendigo or Geelong (which would mean at least a 3-4 hour daily commute for me, and maybe her if we don't have another kid, because we both work in Melbourne city). + +To me, this sounds like the most terrible eventuality possible; stuck spending a good chunk of my day traveling to a job I don't really enjoy so I can pay off a house I bought in an area I'm not really interested in living in, all so I can "own my own home". + +And all of that in real estate market in decline, which could mean I could save a chunk of money if we waited a bit longer. + +I would honestly rather spend our youth (both early 30s) living overseas and exploring the world a bit more. But she's got her eyes set on blowing our chance at financial independence on an overpriced piece of real estate. + +Am I being insane here? I mean, I'd be way more open to the concept of buying a house after we see some cash rate movement from the RBA (and whatever happens to our economy after that) but all I get is "that's what you always say". + +I know I'm sounding a little frustrated (I am), so I apologise for that. But I'd love any opinions on whether my position is valid or not, and on how to facilitate a more productive discussion. +So some background. I've been out of work for 2 years. I went back to school but couldn't find a job in that field. I've been a stay at home dad for a year and a half. My wife has a full time job making $60K a year. We have 28 years left on our mortgage, recently bought a new car (0% interest for 60 months), and she has some student loan debt. She works in hospitality which has been hit hard because of the virus but she's still currently working (from home, tho she did get a pay cut along with everyone else at her job. She is now making $53K before taxes). +We sold 2 of our cars that were old so we only have 1 car. We have $20K in savings and in the bank. +We are worried that if the shit down goes on for months she will most likely lose her job. +I've been offered a government job. It's an essential job so I would have a job no matter how long this goes on for. The pay however is low. $27K a year before taxes. We would need to hire a babysitter because my wife is busy with work every day and can't take care of our kid and get all her work done. We don't have any family near us to help out so we would need to hire someone. Most of my paycheck would go to a babysitter. We would also need another vehicle so there would most likely go the rest of my paycheck. +So my question is should I take a job that would require my whole paycheck to go toward me just being able to take the job? + +More info +It is an entry level job and I've always been a hard worker and don't forsee a problem moving up. From what I can tell I should be able to move up in a year maybe less. I don't know how much my pay would go up. +My wife has insurance from her job but the government job also offers insurance. +We are located in GA USA +Thank you for your help +Let's accept the fact that most of us really don't know what we are talking about. I know it feels better when giving advices and acting like a crypto veteran but at the end of the day we don't know shit about fuck. + +Recent crash showed us that nobody has any idea what they are talking about. +Hi everyone, + +I'm 23 years old and live in a High Cost of Living city, and I want to start investing in real estate. + +My parents live in a MCOL city about 2 hours' flight from me, and have experience in construction. They have offered to be my property managers if I choose to purchase property near them. This makes sense, but the only issue is that property where they live is more expensive than I can/want to afford right now. I've been told that duplexes are preferable over SFHs in terms of ROI, and duplexes near where they live start in the 230-250k range, which would be around $75k for downpayment and closing costs. My target range is 100-150k, and the only things I can find in that range currently are apartments. + +I'm wondering if it would make more sense to instead invest in real estate in a "random" place that I have no personal connection to, and hire a property manager there. I've heard good things about Cleveland, Cincinnati, Houston, and a few other up-and-coming LCOL and MCOL cities in the US. Would it be more worth it to buy somewhere like Cleveland, where I'm able to just 'get started' more quickly than where my parents live? Also, if I can buy more properties in one of these cities, that also means that I am less impacted by vacancies, right? I.e. 1/2 of 1 duplex being vacant when I own 5 duplexes is less problematic than one of my 2 apartments being empty - right? + +My basic question is - does the benefit of having my parents be my property managers / contact people 'on the ground' outweigh the easier entry / easier continued investment in lower cost of living places? + +Thank you in advance for your feedback! +Has any one used a physician mortgage? I got a rate of 3.125% for 800K with 10% down, but that also includes “mortgage insurance”. I thought the whole point of a physician loan is not having to pay a mortgage insurance? I might as well save up for another 6months for 20% down and go with a traditional mortgage, and probably get better rates too? +Stop brigading the DTCC on Twitter with copy-pasted grammatically half-assed wannabe comments. You wanna look like a Russian botfarm? Well, you're on the right track then. + +&#x200B; + +Stop the low-effort trolling of DTCC, FED, Citadel etc Twitter accounts. We're here to ask questions and hold people accountable for fuckery, not to look like a bunch of pissed teenagers with social media accounts. + +&#x200B; + +IN PARTICULAR, stop harassing individual employees of any of these firms (as has been suggested in some posts here). Very few people deserve to be in the eye of a shit storm for their company's policies. + +&#x200B; + +This is how you loose the goodwill of bystanders. This is how you provide a negative narrative for media outlets. This is potentially even how you open yourself to legal measures and the sub as a whole to being shut down by Reddit. + +&#x200B; + +I am all for asking questions and publicly shaming institutions like the DTCC or Citadel. But this is not the way. Let's be smarter than the average Nigerian prince, please. + +&#x200B; + +I really think this is the latest pathetic forum sliding attempt by the shill army. Don't fall for it, don't jump on the bandwagon. We're above that. + +&#x200B; + +Edit: added "copy-paste" on top to make clear that I'm in particular referring to those low-effort spam comments, *not* polite and legitimate questions and holding the DTCC etc accountable on social media in general. +Today at my university class, the professor asked “whats the point of bitcoin?” The room was somewhat silent, then some responses about it being purely for speculation pop corned around the room. I sat in silence while he proceeded to slander btc and state multiple points of false information, such as “originally the creator pegged bitcoin at 1 us dollar and never meant for it to be priced the way it is, also its backed by nothing, unlike this physical dollar in my pocket. Clearly he doesnt understand bitcoin, but i wonder what would have been the best response to such a question. +Hi fellow apes. Silverback gorilla here, being balls-deep in GME since october-november... when DFV was just another random retard between the 3-4 casual folks writing GME DDs at WSB with almost no followers. At that time, TSLA, PLTR, NIO, etc, were the mainstream stonks and GME DDs were just a piece of info lost in the high traffic of that subreddit. + +I'm a doc. I started trading in september for the first time in my life, and was focused just in biopharma stocks, just trading 2-3k. When I found GME DD's, I recognize I never fully understood their maths, but something quickly caught my attention. I understood their logic. It was solid, so I went all in with 90% of my savings. Logic always prevails above all. And guess what, time showed those apes were right... so I was too. + +Today, nothing has changed. Now I don't know about stonks and market manipulation more than I've learnt in these months, what is much but probably not enough to make my own financial DD. + +But. + +Logic gods are still on our side. Probably, more than ever. Nothing has changed. + +I'm not here to talk about SI, flags, synthetic shares, etc. You have plenty of that from other apes with more financial-trained brains and that's not my point. I'm here to simplify all that. + +Logic. Again. That's all. + +Are they still paying mass media around ALL the world to spread FUD about GME? + +Yes ^((fuck, they even pay local media in Spain, my country, a small shitty piece in all this game).) + +Are they still manipulating the market via short ladders, ETF shorting, etc, etc? + +Yes. + +Is the price still going down, with low volume, despite several pretty good news involving GME? + +Yes. + +Are the big players, like BlackRock or Fidelity ^((which have much more research power, contacts and resources than all apes together)), still in? + +Yes. + +Is DFV, a beautiful cat, GME prophet, still in? + +Yes. + +So the SS is, almost for sure, more imminent than ever. Its pure logic. From my medical-trained mind, if you have all the fucking damn symptoms, you have the disease. I'm not delaying your treatment just because a manipulated blood test is telling me otherwise. + +It may take days, weeks or months, through a slow but relentless bleeding process for the HFs, but eventually, it will happen. Maybe it wont be as crazy as some users guess, but it will happen. Thats what logic tells me at this point. + +I've seen my money grow to absurd digits and shrink to depressing ones again and again, so many times by now that I don't fucking care any more. + +I love you all, apes. You have my ethernal anonymous friendship. Were together in this battle. + +As our beloved u/rensole tells, be excellent to each other. + +Take care. + +. + +. + +Of course, this is not financial advice, I'm just a crap-throwing-crayon-eating ape. + +&#x200B; + +Edit 1: LOL, shills are downvoting this into oblivion. And my comments too. Thats hilarious. Im just a stupid ape sharing shower thoughts. + +Edit 2: everything is my personal opinion, not financial advice again, not a call for a coordinated action of any kind, and of course Im not sure DFV and RC have been in contact. Its just a guess, as thats what I would have done if I was RC, in order to protect the company. Since DFV has become the soul of the GME movement, any legal advice or protection the cat gets to protect himself from the attacks he's getting, secondarily protects GME, thats why I think that. Im not telling RC shares or have shared inside information with DFV. That would be ilegal and theyre not risking it so stupidly. Im just telling he may be helping him other ways, legal ways, like giving him legal support/advice against the HFs attacks. +Edit: thanks all! Yes I was expecting the barrage of YOU CANT TIME THE MARKET and you all did not disappoint! Seriously though, I really value you guys and your responses. Some of you gave some good advice, thank you! + + +I’ll be the first to admit I’m not a very smart person when it comes to finances. Spouse and I grew up lower middle class and our relationship with money reflects that - we view money as a reflection of how many hours worked, and debt doesn’t feel good despite the knowledge that it can be leveraged to make more money. + +Problem statement: we have $630K sitting in an Ally checking account. That’s in addition to about $55k sitting in normal checking to cover bills and emergencies. I have been hoarding cash for a year expecting a market downtown. Yes I missed a huge opportunity to invest and grow. The question is what to do now? + +We are both 41, and while we have always been diligent savers since starting our careers, we didn’t start making the big bucks until about 4 years ago when our household income went from ~$250k-ish to $700k to $1.2M last year. Last year was an off the charts good year that I don’t expect to repeat, I’m planning about $700k each year we both work going forward. + +This is the first year I’m a director and eligible for NQDC program at work, so I defer 25% of my income to that and max our every other pre-tax savings tool available, and as you can see, hoard cash and put a bunch in various equity brokerage accounts. We have about $1.3M in pre-tax retirement accts, $430k in brokerage accts, 250k in unvested RSU’s, 300k in home equity, 630k cash. + +We have $250k left on a $300k mortgage and due to sky-high property tax we are in for $2.9k per month. We have no other fixed debt but between a few expensive hobbies and vehicle-maintenance our monthly burn rate is $7k/mo. + +Knowing all this, and after waiting all this time for a market downturn... I have no idea what to do. We don’t have time, interest or knowledge to deal with RE, and I’m too heavy in tech stocks. I would love to be a silent or minimally active partner in a small business but I can’t seem to meet the right people to form a partnership with. + +So again, I acknowledge I’m not a smart person. What the heck should I do with this cash? +This is probably a silly question for many of the more experienced home owners and investors here, but I am fairly new to this market and I’m still trying to understand how things work. +I'm looking for a way to calculate my dividend reinvestment in a single stock. So I'm looking for a calculator that can take into account my initial investment plus my monthly contributions to this single stock as well as dividend reinvestment over a number of years. Thanks. +I've been on here a few times asking about homeownership, and I've been shot down every time, and not without reason. **However**, everyone simply summed up my situation by saying that I simply needed to make more money to make home-ownership happen. Now that I'm out of poverty (currently right at median income), I'm still technically unable to purchase a home in my area, simply because **median income is not enough to own a home now.** + +That's where Habitat for Humanity comes in. They have programs that help people making anything from 133% of poverty to ~230% of poverty to get in a home. You have to volunteer 250 hours of your time to working on your new home or in their store, take a bunch of courses, and some other things; but in the end––and after about 1.5 years of planning, saving, and volunteering––you will move into a beautifully renovated home. + +If you are in my situation, or even still struggling to get out of poverty, I strongly suggest you contact your local Habitat for Humanity office. They are a kind, smart, compassionate, and patient group. +I understand that monthly provides more premium why not weekly? is it just personal risk tolerance or something I am not aware of? quite new and have a lot to learn. Thanks! +Yesterday was an interesting trading day! + +I'm comfortable enough (or used to be) with the performance and fail safes of my algo that I do not spend any time watching it anymore. It chugs away, and usually makes me money. + +Yesterday was a bad day in what's been a really good month. Around 2oclock I reached my algo's daily loss limit :-( it happens. + +At the time I had 14 long contracts in the MESH3, and 2 open orders, MIT and STP. + +So, my algo calls rithmic BUILT IN function to exit all positions, and then sends another built in function to cancel all open orders. + +For context, when I send or cancel orders in my code, I have checks to make sure the order was received without error. And wait for the order to be returned. + +When I use the built in functions, I assume it's going to work. I wait for confirmation that the message was received from rithmic servers. Then my software quits! + +Welp..... + +When you use Rithmics exitPositions() function, it sees all the positions you're in and sends a market order with the opposite sides. So, within microseconds rithmic sent a market order selling 14 contracts. + +The thing is, 2oclock was FOMC today, and CME rejected the order with message "Order type not permitted while the market is reserved". Which basically means things are too volatile, we're not accepting market orders. + +Like I said before, I wait for confirmation that Rithmic received my message without errors. But do not actually check that rithmic's servers actually do it. There's no callback for that. Only way I can think of doing it is to have my code wait, until positions = 0. + +Apparently Rithmic only tries once.... In some alternate reality there is a version of me that lost 2k today (based on the price at close). + +However, after I sent the exitpositions message I also sent cancel all orders message. With the intent to cancel the MIT and STP orders. It canceled the MIT order just fine. But for the stop order I got lucky. Looking at Rithmics communication logs with CME. CME received the cancel request, but 78 microseconds (i kid you not) after it received the cancel request, the stop price was triggered. + +And for reasons I don't understand but I'm grateful for, CME cancelled the cancellation process and proceeded to fill the stop order. So my positions were liquidated! + +I was 78microseconds (not milliseconds) away from losing 2k today. What a world! + +I am going to add another fail safe. But imo Rithmic deserves some blame also, the server should have some sort of fail safe for this (CME always accepts limit orders, just not market orders). Or at least a direct way to alert if the exitposition method fails. It's a function that usually gets called for emergencies, imo it should be rock solid. +Greetings r/algotrading, + +Does it make sense to setup an LLC for an algotrading business before any substantial trading is taking place? + +I've been passively trading for a few years now, with the plan to slowly ramp into a more automated system as I get more time and capital in place. I'm now at the point where I'm starting to spend significant money on this venture (trading, data, cloud services, books, courses, etc.), and was looking into how I should handle this optimally. It would seem starting an LLC may be a good option to write-off these expenses. + +My concern is that my "business" isn't really anything yet, other than loose research and some infrequent trading, and I don't know if this poses a problem or may cause one down the road. Of course, I don't want to wait until *after* I've spent all of the time and money on building a business to start writing off expenses, so it seems like it would make sense to setup something like an LLC sooner rather than later. + +I'm still looking into some of the ins-and-outs of this stuff, and obviously I'll talk to professionals (such as [Green Trader Tax?](https://greentradertax.com/services/entity-formation/)) before making any serious decisions, but I figured I better get a good understanding of this stuff prior to any of this and assumed people on here would have some insight into this. + +I've searched around and can't find any clear answers, so I'm specifically curious about the tax implications of this or if there's a way to take advantage of these expenses without starting an entity or something. + +Thanks! + +Edit: Although it's pretty far away from this point that I don't think it should be *heavily* considered, I do plan on hiring people (probably contract developers) to help build some of this stuff down the line. Again, I don't think I'd make an LLC solely based on this fact (and I'm not even sure if getting an LLC would be that beneficial with respect to this), but that is a factor. + +Another thing I'm considering is that I've had family and friends who want to invest with me as well. This, like with everything else, is something that I'm probably not going to deal with anytime soon, but the plan would be to do this at some point as well. If getting an LLC can help with this regard, it'd be another plus. +My mother just informed me that my grandfather asked her for my daughter's social security number because he wants to open up an account. My grandfather has had a shady financial record and I honestly don't trust him. He has been dishonest in the past with family affairs. + +A big red flag is that when his wife dies (probably soon) he will be kicked out of her house. I don't know, but I assume he doesn't have a ton of extra money to spare. + +My gut tells me to tell him no. I was wondering if there is anything harmful he could do with this information. My wife and I are the only ones who know her SSN and don't plan on sharing. Am I crazy? +I know Costco has an amazing $16 minimum wage, but I was wondering if you knew of any job that would pay even more than that? I’m sorry if this question seems ungrateful because of course having a $16 hourly wage would be amazing and such a blessing. It seems like many of you know a lot about the best places to work in terms of pay. + +I need to save money for school. Thank you for any help! I truly appreciate it! +I've seen Americans posting about investing in this--- + +The US government has set up warnings that they have undisclosed severe consequences and will prosecute any American investing in anything Crypto from Venezuela. + +This is because it goes against sanctions against Venezuela. + +When you go against Government money you're gonna have a bad time. +I’m a reasonable person. I give people the benefit of the doubt but this situation has became super fishy. + +We transferred 24k USD on the 23rd of October and funds are still not showing in our Bitstamp account. + +Their support team keeps saying the same thing over and over: + +"I have made another inquiry with our Payments department and asked if they could provide me with the status of your deposit." + +Did anybody have a similar situation with them? + +**UPDATE: SOLVED** + +Less than 24 hours after I created this post the funds magically appeared in our account - what a coincidence! + +I guess that in order to be taken seriously by Bitstamp one have to resort to Reddit. + +Thanks for the support, guys! Much appreciated!!! +Here’s the deal. Two young kids in an urban area. Current home is pretty basic and under 1500sq ft but we’re happy. + +Household income ~250k. + +Current home has ~300k equity. + +We’re getting a lot of pressure to move closer to family and buy a larger (~3000+ sq ft) home. + +In this market—new house would prob be 800-900k. + +MIL is a real estate agent and argues that additional equity ceiling in a bigger/nicer house is a good investment. Our current home is cheap but in a very desirable growing area. + +I’m looking for advice on either side. From a purely financial perspective, is it smart to move into a bigger home that is ‘worth more’? It seems like a stupid financial move to me, but I’m no expert. Thoughts? +Edit: I meant to say "January sneeze" in the title, not squeeze. + +If you're only watching the price of GME and the most widely followed indexes in the U.S. (S&P 500, Dow Jones, and Nasdaq) and you think nothing has happened yet - you’re looking in the wrong places. The market has already started crashing. + +The market, represented by these indexes, is currently entering the correction zone. A correction is defined as a market decline that is more than 10%, but less than 20%. A bear market is usually defined as a decline of 20% or greater. + +**Small-cap stocks are already DEEP into a bear market.** + +My trading strategy focuses on small-cap and penny stocks that are owned by hedge funds known to manipulate the market. Many of the stocks I used to invest in are complete garbage, but I look for pump and dumps, obvious manipulation patterns, and anticipate runners based on near-identical charts of multiple companies. + +My current watchlist is **down an average of -66% for the 1-year.** All of the stocks have been following a very similar downtrend and are bleeding for no rhyme or reason. The only thing these groups of stocks have in common is that they are all being heavily promoted by shills on StockTwits and strongly manipulated by hedge funds. + +All these stocks have been in a bear market since February 2021, and all started falling following the January "squeeze." This trend is not normal. + +Here’s my theory: The mass sell-off is certainly not going towards covering hedge funds' short positions, the capital is most likely being pumped back into the market to keep major indexes afloat. If so, they can't keep it up much longer. + +Once they’ve sold off all their small-cap stocks, they’ll have to start selling off securities that represent major indexes and that is when we’ll be entering a bearish market. And considering how poorly the market performed in January 2022, it seems like that is getting very close. + +Below are the YTD charts I was invested in, before January 2021. And let me make this clear because this is an important detail — **I didn’t just select certain stocks that look similar on my watchlist. These are literally all the stocks on my watchlists, besides meme stocks and a few cellarboxed ones. I’m not picking and choosing the ones that look similar to make a claim.** + +&#x200B; + +https://preview.redd.it/2mo78go1p8f81.png?width=2392&format=png&auto=webp&s=01f2f56e37a7efb64015489e5f0962dfd0bf172e + +\[[Here is an album if you'd like to take a closer look](https://imgur.com/a/ViCkSL3)\] + +TL;DR: My watchlist is full of stocks that HFs manipulate and there have been mass sell-offs of every single one since February, even though we’ve experienced record highs in the market for months. +Thought I was getting in on a discount and I’m down over 30% on each stock. It’s easy to say hold but would it benefit me more to take losses and move money into companies like AAPL, MSFT, or DIS? +Fairly new to valuation... + +I'm trying to run a valuation on Goldman Sachs. + +||DEC 12|DEC 13|DEC 14|DEC 15|DEC 16|DEC 17|DEC 18|DEC 19|DEC 20|DEC 21| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Revenue|34,163|34,206|34,528|33,820|30,608|32,073|35,942|35,481|41,462|59,339| +|Net Income|7,475|8,040|8,477|6,083|7,398|4,286|10,459|8,466|9,459|21,635| +|EPS (diluted)|14.13|15.46|17.07|12.14|16.29|9.01|25.27|21.03|24.74|59.45| +|Dividend per Share|1.77|2.05|2.25|2.55|2.60|2.90|3.15|4.15|5.00|6.50| + +Between 2012-2021: + +Revenue growth: 5.68% 10Y CAGR + +NI Growth: 11.21% 10Y CAGR + +EPS Growth: 15.45% 10Y CAGR + +DPS Growth: 13.89% 10Y CAGR + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +For GS, I'm using a spreadsheet that computes the assumed intrinsic value using the 2-stage, constant growth, and H-models. + +My inputs: + +Initial payment: $59.45 + +Supernormal growth: 15.45% + +Terminal growth: 2.00% (using the long-term growth rate of GDP, taking into account the Fed's long-term inflation goals). + +Years: 5 + +Cost of Equity: 10.11% -- Risk free rate = 2.15% (10Y treasury); Equity Risk Premium = 5.37% (I'm using the ERP Aswath Damodaran is using); GS Beta = 1.48 + +When I input numbers into Excel: + +Constant Growth: $747.93 + +2-Stage: $1,291.28 + +H-Model: $994.49 + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +I know I'm doing something wrong here. All of these valuations are +100% above the average analyst price target. + +I \*believe\* this is because there are some periods where Revenue, Net Income, and EPS growth dip 1-20%, and then in the next period jumps anywhere between 40% --140%, which would skew data to represent a higher growth than what a traditional financial institution as large as GS would expect. + +**For example, from 2017 to 2018:** + +Net Income growth for 2017: -42%; EPS growth for 2017: -45% + +Net Income growth for 2018 jumped +140%; EPS growth for 2018 jumped +180% + +**And then from 2020 to 2021:** + +Net Income growth for 2020: 11.73%; EPS growth for 2020: 17.65% + +Net Income growth for 2021 jumped +130%; EPS growth for 2021 jumped 140% + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +My questions: + +1. Would it be appropriate to remove the period 2016--2018 and the year 2021 from my calculations to reflect a more realistic growth rate? Or would this be considered data distortion? Is this acceptable in valuation? +2. Would it make sense to use the EPS for 2020 of $24.74 instead of 2021's EPS of $59.45 as my initial payment? Or should I use 2021's EPS of$59.45? + +The only reason I'm asking these questions is because I noticed If I take 2016--2018 and 2021 out of my calculations, the Net Income 10Y CAGR then comes out to be 2.43% and the EPS growth rate comes out as 48.24%. And if I use 2020's EPS of 24.74 as my initial payment, 2.43% as supernormal growth. 2.00% as terminal growth rate, 5 years, and cost of equity as 10.11% then the valuations turn out to be: + +Constant Growth: $311.25 + +2-Stage: $316.96 + +H-Model: $314.53 + +I know how I'm doing this valuation is still \*off\*, but these numbers look and feel more reasonable... + +Again, I'm fairly new to valuation so I appreciate any critical feedback. +Thought I was getting in on a discount and I’m down over 30% on each stock. It’s easy to say hold but would it benefit me more to take losses and move money into companies like AAPL, MSFT, or DIS? +I am 16 years old. I work at my dad’s shop for $10/hr and I usually work 25 hours a week. I also occasionally do photo shoots for $80/hr. Any suggestions of what I should do with my money? + +I am considering saving up to pay for my driver’s school ($500) and then saving up for a computer to edit photos and videos on ($700-800). But I’m not sure if I should buy anything after these big purchases. I currently have $630 with a $250 check comign in soon. +I drive a 2004 Honda Accord with 360,000 miles on it. I really don’t want to buy another car until I absolutely have to but now that I see that many dealerships are selling cars for 0-1.5% Interest up to 7 years I feel like now may be the time to get one to plan for the future when this car eventually dies, which could honestly be any day or week from now. + +Would anyone recommend getting a car during this virus outbreak since the dealerships are hurting or not? + Hi there, im 33 and my net worth is roughly $390k. I have about 150k in cash/liquid (the rest is either invested in ETFs or earmarked for my Emergency / Operating funds). I’m not great with finances and have no idea how to proceed. + +I’m considering either a) putting it into the market b) buying a condo/house or c) a mixture of both. I have no idea which direction to go but here are some relevant pieces of info. + + +1. I live in Los Angeles +2. I have no family nor do I have plans for one in the next 5 years. +3. I have no debt +4. I have filled an emergency fund and operating fund +5. Currently renting at $2300 per month but would love to level up (whether that be renting a more expensive place or looking to buy something) +6. I know that I dont have much buying power in the LA market with $150k. +7. Based on my budget, It looks like I can afford to put up to 14k per month into some combo of investments/savings/rent/mortgage payments (depending on how I slice it). + +What would you do in this scenario? Should I try to buy a small condo? Should I say screw it and just invest in the market and keep renting? +Building on a previous post ([http://redd.it/i2thge/](http://redd.it/i2thge/)) asking the community to pick underrated stocks, there was interest in seeing the quarterly performance of everyone's picks + +The first quarter can be seen here: [http://redd.it/jti14m/](http://redd.it/jti14m/) + +For this quarter, the key takeaways are as follows: + +* Overall average return of 72.2% (driven by the GME pick) +* If you invested equally in each stock, returns would have been 41.9%, or if you bought one of each stock, returns would have been 37.5% +* 86% of the 254 picks have shown a positive return, with 80% greater than 10% return and 20% greater than 100% return +* Highest returning pick: Gamestock (GME) at 1342% flagged by /u/EmployerOfTheMonth, to which they stated *"If it goes up, people will think I'm some sort genius for going against the crowd, if it goes down, people will just mindly brush me off as a moron for actually thinking this was underrated"* +* If you invested in the top 5 most upvoted stocks (NET, CRSP, STNE, NVDA, NOK), you would have seen an average return of 62% +* If you invested in the top 5 most controversial stocks (TSLA, WD, AMD, LMND, UBER), you would have seen a return of 93% +* If you had invested equally in the stocks with greater than 10% return in the first 30 days, your total return would be 53.1% + +In graphical format, you can also see the results here: [https://i.imgur.com/CzEYTxv.png](https://i.imgur.com/CzEYTxv.png) + +# For those who keep asking for another round of tracking underrated stocks, I'll add a comment below to collect new picks to monitor. Happy to update you on a similar cadence. + +As a reminder, please do not interpret results seen here as an endorsement of the investing prowess of the community. Invest at your own risk. + +For reference, below is a table of the current stocks sorted by performance + +|**Symbol**|**Company**|**Delta**|**Provided by**| +|:-|:-|:-|:-| +|**GME**|GameStop Corp.|1342%|/u/EmployerOfTheMonth| +|**FCEL**|FuelCell Energy Inc|885%|/u/i-kno-nothing, /u/dewaser| +|**EH**|EHang Holdings Ltd - ADR|703%|/u/TheEUR0PEAN| +|**AYTU**|Aytu Bioscience Inc|502%|/u/Bkzkilla2, /u/beefy-ambulance, /u/subaruveganguy22| +|**PLUG**|Plug Power Inc|487%|/u/lukwas_| +|**DQ**|Daqo New Energy Corp|365%|/u/stonk_daddy| +|**NIO**|Nio Inc - ADR|340%|/u/makesalotofmoney, /u/Carrera_GT, /u/Charlie Brown364| +|**APHA**|Aphria Inc|325%|/u/Aprhria, /u/Bdghablig| +|**APPS**|Digital Turbine Inc|303%|/u/toop4| +|**SPWR**|SunPower Corporation|282%|/u/Hadouukken| +|**NTLA**|Intellia Therapeutics Inc|273%|/u/earthmoonsun| +|**UAVS**|Ageagle Aerial Systems Inc|268%|/u/fishkillr| +|**GBTC**|Grayscale Bitcoin Trust (Btc)|250%|/u/asherlevi| +|**JMIA**|Jumia Technologies AG - ADR|218%|/u/Jerund, /u/souptrades, /u/7YearOldCodPlayer, /u/CharlieBrown364, /u/fortnitehead| +|**TSLA**|Tesla Inc|197%|/u/Skurinator, /u/goldcakes, /u/redmars1234, /u/Drortmeyer2017| +|**ALTO**|Pacific Ethanol|187%|/u/adamtejot| +|**BB**|BlackBerry Ltd|184%|/u/mh1t, /u/EthosPathosLegos| +|**XPEL**|Xpel Inc|183%|/u/Bkazzle| +|**SOLO**|Electrameccanica Vehicles Corp|178%|/u/IHaveUsernameBlock| +|**ENPH**|Enphase Energy Inc|172%|/u/deGoblin| +|**TCNNF**|Trulieve Cannabis Corp|163%|/u/grphelps1, /u/Cucumber_Cooling| +|**KLR**|Kaleyra Inc|161%|/u/souptrades| +|**BABYF**|Else Nutrition Holdings Inc|156%|/u/PringlesAreUs| +|**TPIC**|TPI Composites Inc|155%|/u/polwas| +|**ALNOV**|Novacyt SA|149%|/u/Snoopmatt| +|**CRLBF**|Cresco Labs Inc|148%|/u/UncleSlippyFist| +|**PENN**|Penn National Gaming, Inc|147%|/u/Calpool| +|**PLNHF**|Planet 13 Holdings Inc|145%|/u/MMatter1| +|**TUP**|Tupperware Brands Corporation|145%|/u/Scumbaggedfriends| +|**WKHS**|Workhorse Group Inc|140%|/u/VisionsDB| +|**CSIQ**|Canadian Solar Inc.|135%|/u/MrMineHeads, vvv561| +|**SITM**|SiTime Corp|135%|/u/drbh_| +|**TAN**|Invesco Solar ETF|132%|/u/z74al| +|**CDLX**|Cardlytics Inc|129%|/u/whossayn, /u/YarManYak| +|**PINS**|Pinterest Inc|128%|/u/EthanPhan| +|**NET**|Cloudflare Inc|127%|/u/thereisnospoongeek, /u/olliemacg, /u/Boots2243| +|**CVAC**|CureVac|126%|/u/Tangerinho| +|**INMD**|Inmode Ltd|119%|/u/meta-cognizant, /u/craneman813| +|**SIX**|Six Flags Entertainment Corp|119%|/u/EthosPathosLegos| +|**AXON**|Axon Enterprise|117%|/u/ansofteng| +|**MAXR**|Maxar Technologies Inc|113%|/u/Borne2Run| +|**GM**|General Motors Company|113%|/u/Buttershine_Beta| +|**INSP**|Inspire Medical Systems Inc|113%|/u/JPINFV2| +|**PTON**|Peloton Interactive Inc|112%|/u/loosetingles| +|**LMND**|Lemonade Inc|112%|/u/br1ghtness, /u/skkreet, /u/hahadumblloyd| +|**VIAC**|CBS Corporation Common Stock|108%|/u/1987supertramp| +|**XBC**|Xebec Adsorption Inc.|107%|/u/Mug_of_coffee| +|**AIR**|AAR Corp.|106%|/u/paulo92834| +|**SE**|Sea Ltd|104%|/u/scatterblodded, /u/tradeintel828384839, /u/thug_funnie, /u/Meymo| +|**RDFN**|Redfin Corp|103%|/u/shreddit47| +|**EDIT**|Editas Medicine Inc|101%|/u/earthmoonsun| +|**CVM**|CEL-SCI Corporation|100%|/u/Golden_Pineapple| +|**TSE:WELL**|WELL Health Technologies Corp|100%|/u/Unlucky-Prize, /u/IcemanVish| +|**PMCB**|Pharmacyte Biotech Inc|100%|/u/DillieTheSquid| +|**COTY**|Coty Inc|99%|/u/NhatNguyen2112| +|**ICLN**|iShares Global Clean Energy ETF|98%|/u/drheman25Q| +|**AUMN**|Golden Minerals Co|95%|/u/YEEEEEAAAAA| +|**ALLY**|Ally Financial Inc|95%|/u/jcurtis44| +|**VNRX**|VolitionRX Ltd|94%|/u/RiDDDiK1337| +|**RIGL**|Rigel Pharmaceuticals, Inc.|91%|/u/Gay_Demons| +|**IAC**|IAC/Interactivecorp|89%|/u/dvdmovie1| +|**TXG**|10X Genomics Inc|89%|/u/Unlucky-Prize| +|**TA**|Travelcenters of America Inc|89%|/u/jk_tilt| +|**RVP**|Retractable Technologies, Inc.|89%|/u/EmreCanPuns| +|**CRSP**|Crispr Therapeutics AG|88%|/u/emtvaikkajoku| +|**PD**|Pagerduty Inc|88%|/u/throthrowth| +|**IIPR**|Innovative Industrial Properties Inc|88%|/u/Dalis_Ktm| +|**NCR**|NCR Corporation|87%|/u/IAMBEOWULFF, /u/fistymonkey1337| +|**BL**|Blackline Inc|87%|/u/veebeew| +|**RMCF**|Rocky Mountain Chocolate Factory, Inc.|84%|/u/howtoreadspaghetti| +|**ELVT**|Elevate Credit Inc|84%|/u/ScoreFuture| +|**SAVE**|Spirit Airlines Incorporated|84%|/u/Matous_Palecek| +|**UTZ**|Utz Brands Inc|84%|/u/RIC_FLAIR-WOOO| +|**RNLSY**|Renault ADR|82%|/u/jw8700| +|**RAZFF**|Razer Inc|82%|/u/ThatOneRedditBro| +|**DKNG**|Draftkings Inc|82%|/u/boomshalock| +|**STNE**|StoneCo Ltd|81%|/u/GromGrommeta| +|**Uber**|Uber Technologies Inc|80%|/u/DukeBD2021| +|**FLR**|Fluor Corp|80%|/u/lost_searching| +|**NVTA**|InVitae Corp|79%|/u/emtvaikkajoku, /u/CrackHeadRodeo| +|**SQ**|Square Inc|77%|/u/cuti95, /u/ConstructivePlayer, /u/Lfastrsx, /u/jercky, /u/CharlieBrown364| +|**PRLB**|Proto Labs Inc|74%|/u/JEesSs| +|**TTD**|Trade Desk Inc|73%|/u/all_hail_hypno, /u/Kay312010| +|**MU**|Micron Technology, Inc.|72%|/u/Wexoch| +|**ETSY**|Etsy Inc|72%|/u/PeskyShart| +|**NUAN**|Nuance Communications Inc.|71%|/u/IwantmyMTZ| +|**HEAR**|Turtle Beach Corp|69%|/u/chancsc11| +|**WD**|Walker & Dunlop, Inc.|69%|/u/TBSchemer| +|**MAC**|Macerich Co|69%|/u/skvettlappen| +|**TTCF**|Tattooed Chef Inc|67%|/u/Mug_of_coffee| +|**PRPL**|Purple Innovation Inc|66%|/u/jloy88, /u/CharlieBrown364, /u/RemiMartin| +|**TSM**|Taiwan Semiconductor Mfg. Co. Ltd.|66%|/u/Paks_12345, /u/sogladatwork, /u/BlissfulThinkr| +|**RAMPF**|Polaris Infrastructure Inc|66%|/u/CaptainCanuck93| +|**RUN**|Sunrun Inc|64%|/u/FactualNeutronStar| +|**INSG**|Inseego Corp|63%|/u/esoccer141414| +|**TAAL**|Taal Distributed Information Techs Inc|62%|/u/AwesomeMathUse| +|**MX**|Magnachip Semiconductor Corp|61%|/u/samtony234| +|**TWLO**|Twilio Inc|60%|/u/MarconianRex| +|**RAD**|Rite Aid Corporation|59%|/u/ManagerMilkshake| +|**MELI**|Mercadolibre Inc|59%|/u/pontoumporcento| +|**LDL**|Lydall, Inc.|59%|/u/Henisockle| +|**EZJ**|ProShares Ultra MSCI Japan ETF|57%|/u/Necessary_Club_6714| +|**LOGI**|Logitech International SA|56%|/u/CharlieBrown364| +|**OTIC**|Otonomy Inc|54%|/u/Unlucky-Prize| +|**ASML**|ASML Holding NV|54%|/u/EthosPathosLegos, /u/earthmoonsun| +|**DS**|Drive Shack Inc|52%|/u/Bobjenkins97| +|**NYSE:PSTH**|Pershing Square Tontine Holdings Ord Shs Class A|52%|/u/5_yr_lurker| +|**SBSW**|Sibanye Stillwater Ltd|52%|/u/marqui4me| +|**SEDG**|Solaredge Technologies Inc|51%|/u/m4r1vs| +|**ESRT**|Empire State Realty Trust Inc|51%|/u/silverpaw1786| +|**YETI**|Yeti Holdings Inc|50%|/u/boomwhackers| +|**GAN**|Gan Ltd|50%|/u/emcdeezy22| +|**TDOC**|Teladoc Health Inc|50%|/u/staniel_diverson, /u/Raybay192, /u/Drifter 1996, /u/moveitover| +|**ALXN**|Alexion Pharmaceuticals, Inc.|50%|/u/fisk47| +|**WORK**|Slack Technologies Inc|49%|/u/AntwanDixon_| +|**BPY**|Brookfield Property Partners LP Unit|49%|/u/Onarco| +|**MDWD**|Mediwound Ltd|48%|/u/blueblade408| +|**BTU**|Peabody Energy Corporation|48%|/u/aviatoraway1| +|**MS**|Morgan Stanley|47%|/u/wrs97| +|**TGT**|Target Corporation|47%|/u/Kosher-Bacon| +|**SDGR**|Schrodinger Inc|47%|/u/TipasaNuptials, /u/asianmarysue, /u/RattleGoreBitcoin| +|**CYBR**|Cyberark Software Ltd|46%|/u/Kevenam| +|**DIS**|Walt Disney Co|46%|/u/jadenmc2189, /u/biz_student| +|**NYMT**|New York Mortgage Trust Inc|46%|/u/ToKeepAndToHoldForev| +|**FLIR**|FLIR Systems, Inc.|46%|/u/*zerokarma*| +|**SNE**|Sony Corp|44%|/u/drorhac| +|**TMDX**|TransMedics Group Inc|44%|/u/DropoutEngy| +|**AVLR**|Avalara Inc|44%|/u/nomdeplume_alias| +|**BLU**|BELLUS Health Inc|43%|/u/NhatNguyen2112| +|**URW**|Unibail-Rodamco-Westfield SE|43%|/u/eams66| +|**TEAM**|Atlassian Corporation PLC|43%|/u/shadowrckts| +|**CCJ**|Cameco Corp|42%|/u/jh4962772, /u/Commandobolt, /u/3STmotivation| +|**JPM**|JPMorgan Chase & Co.|41%|/u/wrs97| +|**WIZZ**|Wizz Air Holdings PLC|41%|/u/Matous_Palecek| +|**FSLY**|Fastly Inc|41%|/u/AwesomeMathUse| +|**VHC**|VirnetX Holding Corporation|40%|/u/vyts18| +|**SAM**|Boston Beer Company Inc|39%|/u/Top_Island| +|**SDC**|SmileDirectClub Inc|39%|/u/meeni131| +|**GFL**|GFL Environmental Inc|39%|/u/lenadunhamsbutthole| +|**NPSNY**|Naspers Limited|38%|/u/Demandredz| +|**TSE:AC**|Air Canada|38%|/u/priamXus| +|**MTCH**|Match Group Inc|37%|/u/BallinLikeImKobe24| +|**HERO**|Global X Video Games & Esports ETF|37%|/u/sgtyzi| +|**NOW**|ServiceNow Inc|36%|/u/cookingboy| +|**OKTA**|Okta Inc|35%|/u/Bcr731| +|**DRNA**|Dicerna Pharmaceuticals Inc|34%|/u/earthmoonsun| +|**SLP**|Simulations Plus, Inc.|34%|/u/hellohi3| +|**WFC**|Wells Fargo & Co|33%|/u/yehdhbdjdjd| +|**GNUS**|Genius Brands International Inc|32%|/u/due11| +|**CDW**|CDW common stock|31%|/u/plorfu| +|**TAP**|Molson Coors Beverage Co Class B|31%|/u/howtoreadspaghetti| +|**CIBR**|First Trust NASDAQ Cybersecurity ETF|29%|/u/komoggmu321| +|**BFIT**|Global X Health & Wellness Thematic ETF|29%|/u/Venhuizer| +|**NVDA**|NVIDIA Corporation|29%|/u/TBSchemer, friedtea15| +|**TD**|Toronto-Dominion Bank|29%|/u/robbierox123| +|**BYND**|Beyond Meat Inc|29%|/u/Kreisensalat, /u/*Flipside*| +|**SPOT**|Spotify Technology SA|28%|/u/_Hard4Jesus| +|**HR.UN**|H&R Real Estate Investment Trust|28%|/u/CaptainCanuck93| +|**SHOP**|Shopify Inc|28%|/u/AwesomeMathUse| +|**BAM**|Brookfield Asset Management Inc|28%|/u/duongroi, /u/Avaronah| +|**CYDY**|CytoDyn Inc|27%|/u/dufmum| +|**BAC**|Bank of America Corp|27%|/u/oobydoobydoobydoo, /u/wrs97| +|**OLED**|Universal Display Corporation|26%|/u/niknikniknikniknik1| +|**TJX**|TJX Companies Inc|26%|/u/princess-smartypants| +|**STO:TIGO-SDB**|Millicom International Cellular SA(SWE)|26%|/u/joseph460| +|**DNNGY**|Orsted A S Unsponsored ADR|25%|/u/BrentfordFC21| +|**ESNT**|Essent Group Ltd|25%|/u/veggie-man| +|**OTCMKTS:PRXXF**|Paradox Interactive AB (publ)|23%|/u/I_worship_odin| +|**AAPL**|Apple Inc|23%|/u/tcldstnvdw| +|**INTC**|Intel Corporation|23%|/u/ionlypwn, /u/TitanCrasher54, /u/niknikniknikniknik1| +|**VLO**|Valero Energy Corporation|23%|/u/chickenandcheesefart| +|**NEWR**|New Relic Inc|23%|/u/Dalis_Ktm| +|**WAB**|Westinghouse Air Brake Technologies Corp|23%|/u/warman506| +|**ATVI**|Activision Blizzard, Inc.|23%|/u/Mondanivalo| +|**NVR**|NVR, Inc.|22%|/u/Linnake| +|**ARCC**|Ares Capital Corporation|22%|/u/ThemChecks| +|**NATH**|Nathan's Famous, Inc.|22%|/u/howtoreadspaghetti| +|**DOCU**|Docusign Inc|22%|/u/h3ku, /u/Teach-101| +|**TRVN**|Trevena Inc|21%|/u/pacosteles| +|**VTSAX**|Vanguard Total Stock Market Index Fund Admiral Shares|21%|/u/WackyBeachJustice| +|**FSR**|Fisker Inc|21%|/u/bigsexy12| +|**OXB**|Oxford BioMedica plc|20%|/u/arabidopsis| +|**IMKTA**|Ingles Markets, Incorporated|20%|/u/kimjungoon| +|**RTX**|Raytheon Technologies Corp|18%|/u/anon2019L| +|**CHGG**|Chegg Inc|17%|/u/Boots2243| +|**HZNP**|Horizon Therapeutics PLC|16%|/u/thesearchforanswer| +|**VTR**|Ventas, Inc.|16%|/u/Unlucky-Prize| +|**MMX**|Maverix Metals Inc|15%|/u/AwesomeMathUse| +|**BBY**|Best Buy Co Inc|15%|/u/1madeamistake| +|**SRNE**|Sorrento Therapeutics Inc|14%|/u/DowJonesLocker| +|**OTCMKTS:GMWKF**|Games Workshop Group PLC|14%|/u/MAUSECOP, /u/Thenattylimit| +|**HELE**|Helen of Troy Limited|14%|/u/aa341| +|**MSFT**|Microsoft Corporation|14%|/u/TBSchemer| +|**VEEV**|Veeva Systems Inc|14%|/u/JohnSpartans| +|**BRK.B**|Berkshire Hathaway Inc. Class B|13%|/u/Jeroen_Jrn, /u/Cuza| +|**CVS**|CVS Health Corp|12%|/u/handsomeandsmart_| +|**ISRG**|Intuitive Surgical, Inc.|12%|/u/swalloforswallo| +|**AYX**|Alteryx Inc|12%|/u/Kme2| +|**TWOU**|2U Inc|12%|/u/DickDaddy| +|**EW**|Edwards Lifesciences Corp|12%|/u/TheTubbyOlive| +|**WMT**|Walmart Inc|12%|/u/anthonyjh21| +|**NYT**|New York Times Co|11%|/u/jonhuang| +|**HKMPF**|Hikma Pharmaceuticals Plc|10%|/u/Marvins-Room| +|**MMMB**|Mamamancini's Holdings Inc|9%|/u/Jayesslee| +|**AWK**|American Water Works Company Inc|8%|/u/InfamousLegato| +|**LON:KEFI**|KEFI Gold and Copper Plc|8%|/u/Scipio-Africannabis-| +|**AMD**|Advanced Micro Devices, Inc.|8%|/u/ArneGo, /u/apqwer, /u/LoveOfProfit| +|**ZAGG**|Zagg Inc|8%|/u/ni_shi_shei| +|**TRU**|TransUnion|7%|/u/AndyCircus| +|**BEP**|Brookfield Renewable Partners LP|7%|/u/YourPineapplePunch| +|**TSE:FAF**|Fire & Flower Holdings Corp|6%|/u/tobcar| +|**SWCH**|Switch Inc|4%|/u/gce1010| +|**ACMR**|ACM Research Inc|4%|/u/moveitover| +|**BABA**|Alibaba Group Holding Ltd - ADR|4%|/u/helio987, /u/ScreeMart, /u/Necessary_Club_6714| +|**LZAGY**|Lonza Group ADR|3%|/u/Fuck512| +|**VMW**|VMware, Inc.|3%|/u/kingbrow2020| +|**PLD**|Prologis Inc|2%|/u/ImPinkSnail| +|**MO**|Altria Group Inc|2%|/u/ARGENT_UM_PUR, /u/gm14202| +|**ZTS**|Zoetis Inc|1%|/u/BearBearChooey| +|**JBSS**|John B. Sanfilippo & Son, Inc.|\-1%|/u/chris011186| +|**OPK**|Opko Health Inc.|\-1%|/u/CS1026| +|**HII**|Huntington Ingalls Industries Inc|\-2%|/u/howtoreadspaghetti| +|**GILD**|Gilead Sciences, Inc.|\-2%|/u/Leroy--Brown| +|**TNDM**|Tandem Diabetes Care Inc|\-3%|/u/liao24| +|**O**|Realty Income Corp|\-3%|/u/bushysmalls| +|**BAH**|Booz Allen Hamilton Holding Corporation|\-3%|/u/i_smel_hookers| +|**LON:AAZ**|Anglo Asian Mining|\-4%|/u/krenaldi1| +|**CCI**|Crown Castle International Corp|\-4%|/u/jkgator| +|**KR**|Kroger Co|\-6%|/u/bxkrish| +|**EQIX**|Equinix Inc|\-6%|/u/gce1010| +|**NSRGY**|Nestle ADR|\-7%|/u/suburban_robot| +|**DXCM**|DexCom, Inc.|\-8%|/u/InformalAid| +|**GPL**|Great Panther Mining Ltd|\-9%|/u/Tony0x01| +|**OTCMKTS:MMTRS**|Mills Music Trust Unit|\-9%|/u/ARGENT_UM_PUR| +|**AMT**|American Tower Corp|\-10%|/u/editviewgo| +|**FNMA**|Federal National Mortgage Association|\-10%|/u/figbuilding, /u/onkel_axel| +|**PAF**|Pan African Resources plc|\-11%|/u/Fruity_Pineapple| +|**FFMGF**|First Mining Gold Corp|\-12%|/u/RecCenterBall| +|**NOK**|Nokia Oyj|\-14%|/u/perfectriot, /u/LiabilityFree| +|**TSE:GCM**|Gran Colombia Gold Corp|\-15%|/u/Linnake| +|**TQQQ**|ProShares UltraPro QQQ|\-15%|/u/iggy555, /u/Guiterrezjm6| +|**AGRA**|Agraflora Organics International Inc|\-20%|/u/spreeshark| +|**FNV**|Franco Nevada Corp|\-20%|/u/AwesomeMathUse| +|**WTRH**|Waitr Holdings Inc|\-24%|/u/exstaticj| +|**KL**|Kirkland Lake Gold Ltd|\-25%|/u/New_username_| +|**LLNW**|Limelight Networks, Inc.|\-26%|/u/cyberdex, /u/thug_funnie| +|**IMMNOV**|Immunovia AB (publ)|\-29%|/u/jennyther| +|**BBAR**|Banco Bbva Argentina SA|\-29%|/u/GAV17| +|**ALT**|Altimmune Inc|\-30%|/u/Spes-Caritas| +|**OTGLY**|CD Projekt 4 ADR Representing Ord Shs|\-32%|/u/Thtb| +|**IBIO**|Ibio Inc|\-36%|/u/PrairieDogger69| +|**PTOTF**|Patriot One Technologies Inc|\-40%|/u/DanReynolds| +|**BCLI**|Brainstorm Cell Therapeutics Inc|\-43%|/u/BigSexyTolo| +|**SHLO**|Shiloh Industries|\-94%|/u/brainbroked| + +&#x200B; + +For those also interested, there was a stock picking survey back in October of 2018. That overall portfolio is up 58% with an average return of 138% (driven by the triple digit gains in Enpahse and Tesla). You can see the original picks in my history; happy to provide an update on that one if there is interest. +https://www.bloomberg.com/news/articles/2019-12-02/u-s-proposes-2-4-billion-in-tariffs-on-france-over-digital-tax?srnd=premium-europe + +Edit: additional Link for Reuters: https://www.reuters.com/article/us-usa-trade-france/u-s-vows-100-tariffs-on-2-4-billion-of-french-products-over-digital-services-tax-idUSKBN1Y62HC?utm_source=reddit.com +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +We’ve all seen this article, or variations of it, posted all over the sub the past couple of days full of quotes from S3 partners’ IhornDuhawinsky - [example here](https://www.reddit.com/r/Superstonk/comments/z3ui7d/chocolate_drink_media_on_insta/) - but what I’ve not seen is any real discussion of the above line. + +95% of available stock borrows are already being used to *cover shorts*. Not even for actual short sales. + +Pretty much all of the stock that has been borrowed recently is being used, by short sellers, to cover their original short. Which means that, if the borrow is called in, they will have to buy stock to return and will then *still need to buy more if they want to close their original short*. + +~~They’re double fucking short, the idiots.~~ EDIT: I’m mistaken here in that, if they are borrowing a share in order to return the original borrow they are still 1x net short, not 2x as I initially though. However, they can only do this as long as there are shares available to borrow. Once the float is locked they will *need* to buy if they want to close. + +Does this scream ‘I’m so convinced this company’s going bankrupt that I’m going to borrow more stock so I can short it twice’? Because to me it sounds more like ‘I’m so completely fucked if I don’t cover my original short that I’ll borrow even more stock to do that, and worry about the consequences later’. + +Add to this the fact that whoever they’ve borrowed stock from was likely sold it via short sale in the first place, and this whole thing is primed to explode. It’s shorts all the way down, exactly as we’ve all been screaming for two years now, and any serious buying pressure is bound to set it off. + +As soon as earnings flip positive, be it this one or the next, we’re gonna see some fireworks. + +TL;DRS + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Resolution Source: [https://gasprices.aaa.com/](https://gasprices.aaa.com/) + +Answer will resolve to YES if gas price is listed as $5.00 or more for "Price as of 6/24/22" + +[View Poll](https://www.reddit.com/poll/vgb6d2) +Apologies if this is the wrong subreddit, please point me towards a more appropriate one if so. + +I recently attended a job interview which went fairly well. The interviewer called me back and said that he was very impressed with my interview and wanted to invite me in to have an informal chat about the role and meet the team. He didn't specifically say that he was going to be making me an offer. + +Any idea what this could mean? The organisation is fairly reputable so I'm not too concerned that they're going to move the goalposts, although of course that may be possible. Should I be preparing for salary negotiations, or do you have any other ideas as to what may be involved? Thanks in advance. +Am I selling? Nah, never. Am I buying? Yup, every month, what else am I going to do. Am I DRSing? Yes, because I'm tired of being tired. But, honestly dude, it's been a long fucking time and it's just tiring dude. Yeah, I know, blah, blah blah, holding is easy. I'd say it's not that it's "easy", more that there isn't a better opportunity in this corrupt market. Doesn't change the fact that it's been two fucking years. Holy shit, man. +For example when a company announces a succesfull quarter the price usually goes up, why is that? I understand that people buy the stock which causes the price to go up but why do they buy it as a result of the companies good querter? Why does it matter to a shareholder how much money the company makes? It cant be just because of dividend since not every company does it. I know this was a bit all over the place but realy my question is why does the company's profit affect the price of a share, why is there a connection? +I kind of new to investing and I noticed that the market has been down a lot. I was thinking of buying shares of AAPL and MSFT. Should I buy them now? Only reason I’m hesitant is because from my understanding, the market hasn’t reached a bottom yet when it comes to the price drop. Do I wait for a bottom or do I just buy? Any advice is helpful. +Whilst I don’t think she has the greatest command of economics I find her journey quite interesting. + +- aspiring first home buyer +- despair at the system and how hard it is to buy competing with investors +- finally buying an apartment after adjusting her search +- probably thinking she bought the top when Covid hit +- experiencing equity gains and exploring investment opportunities +- deciding property is most appealing due to leverage +- now seeking to become a property investor +- recognises the irony of person position now but still supports reform of the system + +It’s almost like the transformation is complete. It resonates with me as I went on a similar journey. + +Where ever you are on it recognise you’re on a journey and don’t despair. + +[link to article](https://www.smh.com.au/money/investing/i-d-hate-me-too-why-i-ve-decided-to-become-a-property-investor-20210916-p58s1p.html) +I own 3 single family homes and am in process of purchasing my first duplex. Most places I do my research at say that multi-family is eventually the way to go. But most multi-family units (duplex to quadplex) are in lower quality parts of the city. I’m concerned with having constant issues with duplex tenants because I’m not sure the quality of tenant will be great. I do understand that the scalability of multi-family is easier but I’m not sure that outweighs having bad tenants. Any insight would be appreciated. +Interesting news. Bitcoin just hit $10k again! This breaks a psychological barrier and I can imagine the price getting a nice boost in the coming days. + +I am curious what this sub thinks of Bitcoin. Bitcoin has been regarded by most seasoned investors as a bubble, going from $1 to a decade ago to $20000 in 2017, before crashing down to $6000, and now going back to $10000. However, during the dotcom bubble, many stocks crashed including Amazon and Apple. Looked how they turned out today. Point is, even with a bubble there are many winners and losers. Could Bitcoin actually be a long term winner? +Think again! History is absolutely *littered* with stories of the "great" making monumental errors of judgment. Sometimes leading to them suffering enormous opportunity costs, but often times leading to their complete downfall. + +Don't believe me? Need some examples as *inspiration* for another day of hodling? Well, here is a list I have made of ten such examples through the ages (I am sure there are countless more). Note that the last one is an ongoing historical event... + + +**1184 BC:** According to the legend Priam, King of the Trojans - despite receiving advice not to - choosing to accept a giant, commemorative, wooden horse inside the city walls as a gift from the retreating Greeks. *Outcome = The hollow horse held Odysseus and his men, who opened the city gates at night and allowed the Greek army to enter and sack Troy to the ground, burying it under the earth until its eventual discovery and excavation in the 19th century.* + +**50 AD:** The Greco-Egyptian mathematician Hero of Alexandria's invention of a basic steam engine, being treated mainly as a curiosity in the Roman Empire and not put to any real, practical use. *Outcome = The world had to wait another 17 centuries for the English to start the steam powered Industrial Revolution and begin our modern age.* + +**1219:** Content with his conquest of China, Mongol Emperor Genghis Khan sending an envoy to the Persian Khwarezmid Empire's Shah Muhammad II with the message: "I am master of the lands of the rising sun while you rule those of the setting sun. Let us conclude a firm treaty of friendship and peace”...only to be sent back the envoy's head in a sack, as a grisly and emphatic rejection of the proposal. *Outcome = An enraged Genghis invading and killing 15 million Persians as revenge, and from there setting up a platform to capture most of the Eurasian landmass.* + +**1405:** The Chinese Ming Emperor Yongle sending Admiral Zheng He's huge fleet to most of the known world, but choosing to make these expeditions for mainly economic and commercial objectives, rather than gaining territorial control. *Outcome = Within 150 years, the Western Europeans had instead captured most of these lands as colonies, and relegated China from being the preeminent global power to half a millennia of decline.* + +**1520:** Aztec Emperor Moctezuma II allowing Conquistador Hernán Cortés and his troops in as guests to his capital, Tenochtitlán. *Outcome = The Spanish took Moctezuma II hostage, eventually leading to his overthrow and death, triggering a series of events and devastating pandemics that eventually led to their conquest of most of the Americas.* + +**1664:** The Dutch selling Manhattan to the English for only $1143 in curent money. *Outcome = England renamed "New Amsterdam" as "New York", took control of most of the Eastern Seaboard from the Netherlands, and today Manhattan Island's real estate alone is valued at $1.9 trillion - higher than Canada's GDP (the country with the 9th largest GDP in the world).* + +**1876:** Western Union boss William Orton, the largest telegram and communications company of its day, turning down Alexander Graham Bell's offer to sell them his patent for the telephone. *Outcome = As Orton did not see potential for the invention, Bell decided to set up his own business, which became so enormously successful that it had to be split into the "Baby Bells": today's AT&T, Qwest, Verizon and Alcatel-Lucent that still dominate the American telecommunications industry.* + +**1942:** Adolf Hitler choosing to turn the Wehrmacht's 6th Army towards Stalingrad, instead of more strategically important locations in their attempted conquest of the Soviet Union, so that he could score a "symbolic" victory over Stalin. *Outcome = Within six months, by the following February, the Germans and their allies had lost a million men in the frozen rubble of Stalingrad, and the course of WWII was completely reversed towards their eventual, crushing defeat.* + +**1962:** The London based record label Decca's head, Mike Smith, rejecting the chance to sign up The Beatles after a 15-track audition with the feedback: "guitar groups are on the way out" and "The Beatles have no future in show business". *Outcome = The Beatles signed up with the EMI subsidiary Parlophone instead, selling 600 million records and eventually becoming (and still) the most successful musical artists of all time.* + +**2021:** Ken Griffin (Citadel), Gabe Plotkin (Melvin), Jeff Yass (Susquehanna), Douglas Cifu (Virtu), Steve Cohen (Point72) and other hedge fund bosses choosing not to close their GameStop short positions in January for three figures per share. *Outcome = A bunch of retarded Apes - most of whom still don't even know what "DD" actually stands for - called into action and eventually helping to destroy said hedge funds, becoming fabulously wealthy themselves in the process, changing how financial markets operate, instigating social and environmental activities that change the world for the better, as well as taking space exploration to new limits.* + +**TL;DR: History has many examples of (apparently) "great" men making huge errors of judgement, which cost them dearly. Usually caused by arrogance, over-confidence, superiority complexes and a lack of imagination. Apes are living in and creating the next great example of this. HODL AND MAKE HISTORY.** +It's hard to believe, but due to a strong professional year last year (big commission payout), as well as continued growth in the stock market, I'm now just a few months away from very stable FI. (Target 2.285M \* 3.5% = 80k per year.) I'm almost 43. + +So what does that mean for me and my family? Honestly, nothing in the short term. But as I've been mulling over it for the last few months, I've come up with a few items: + +1. The company I work for isn't doing well. My year (heavily commissioned) is looking terrible, but I'm not too worried about it. If they lay me off, I'll probably get severance. Otherwise, I'll probably just ride it for a year and see what happens. I'm not actively applying anywhere else. +2. My manager just resigned. I could apply for his job, but honestly, I don't want it. Not even for a nice raise. His job is way more stressful than mine. +3. I'll continue to take money off the table and maintain a very conservative portfolio. I have the portfolio of a 60 year old -- because I figure once you've won, why keep playing. +4. If I stay employed for another 1-2 years, and if the stock marketing doesn't implode, I'll be beyond my goals -- and this is extra padding/security. + +So I don't know what the point of this post is. It's not something I can talk about with many people. I really don't have any intention of "retiring," but being this close to FI does bring security. On the other hand, it also brings self-questioning around "what am I doing with my life?" and "How can I do something that matters?" + +Any constructive insights? +Edit: Longer source + +https://www.cnbc.com/2019/09/18/fed-decision-interest-rates-cut.html + +2 Fed members wanted a 50 bps cut. One wanted to hold the FFR stable. +PART 1: Should Coinbase Add ETH? (My mini opinion editorial) + +I want to make a personal judgment call / statement on something here...... does Brian Armstrong have a moral and justifiable right to have input into Bitcoin Scaling Decisions? Does he have a moral and justifiable right to expose all of his Bitcoin customers to Ethereum? + +My answer is YES. Brian Armstrong / Coinbase was the greatest single marketside factor in the growth of Bitcoin. And he is being ignored, banned, ridiculed and attacked in the Bitcoin Core/Blockstream world for daring to have a strong opinion on a marketplace that he had ENORMOUS part in creating and building out. + +YOU ARE DAMN RIGHT HE HAS A MORAL AND JUSTIFIABLE RIGHT! + +I would actually go farther and suggest that Armstrong / Coinbase have an OBLIGATION to their 2 million users to offer them an intelligent, arguably safer and more predictable option for their investment monies and crypto holdings. (And I say that as One of those Coinbase Customers) + +TO BRIAN, if you were to look at MY coinbase account. You would see that it is basically empty, but that on regular intervals bank deposits from USD to BTC are routinely made - but they stay in Coinbase for about as long as it takes me to move them onto a trading exchange/Shapeshift, for conversion to ETH. AND IT WILL CONTINUE TO BE THAT WAY FOR AS LONG AS COINBASE IS EXCLUSIVELY BITCOIN! + +However, you have my word and guarantee, that if Coinbase - which I find to be one of the safest, most secure, and most convenient storage methods for bitcoin - were to add ETH - you would see an ENORMOUS influx of ETH into my account overnight. And I would keep it there. I am a HODLer. Now - I love JAXX, and I like the Mist Wallet. + I keep a small portion at Kraken and Poloniex. I even have some at small wallets like HolyTransaction, etc. + +BUT I WILL COME BACK - if you open the door. I am not saying this as a manipulation editorial to get you to do it for reasons of marekt movement, but because I WANT to return to Coinbase WITH MY ETH. I honestly miss the comfort feeling I used to have when I was a Bitcoin HODLer, of having a company like yourself (and Circle for that matter, yes, they had some too) - holding my coins. I have a lot of ETH/Money and I want a good chunk of it in an Internet BANK, which I consider you to be, and a damn good one. So - you actually are responsible for getting me into Bitcoin (Thank You!) BUT I HAVE LEFT YOU AND I WANT TO COME BACK!!!! Help me! + +PART 2: If Coinbase Adds ETH!! (to all you traders/hodlers) + +Coinbase has 2 Million User Accounts. +ref: https://www.cryptocoinsnews.com/bitcoin-exchange-coinbase-just-passed-2-million-users/ + +A Dual Wallet that allows you to hold Ether in Coinbase Accounts immediately allows ETH access to the existing 2 million users. Currently there are about 50,000+/- Eth holders I have seen (?) + +IF Coinbase CEO Brian Armstrong decides to add ETH to their offerings, then the playing field between BTC & ETH will equal very quickly. Coinbase will help do for ETH, what it did for BTC. It will get ETH well into mainstream quickly. + It will most likely get us ETH Debit Cards! (Yayyyy! I used to LOVE my Bitcoin Debit Card - till I abandoned Bitcoin in frustration over the damn circus over there). + +****************************** +CLOSING PERSONAL NOTE TO BRIAN ARMSTRONG: +Brian, if you are reading this, I want to say that as your customer, and as an existing account holder, I can tell you that for me, ETH/Ethereum has proved itself worthy, More Worthy than Bitcoin as a matter of fact. I know this isn't a light decision you may make. But I honestly think it is a decision you owe it to me as a customer to make. You got me into Crypto via Bitcoin. But I honestly cannot stay with it. I really, really tried to be faithful, and I stayed with bitcoin as long as I could. I know you know what I mean - because I have watched your honorable and patient efforts, and I feel the frustration man. Good luck with your deliberations, and thank you for what you've done so far. I will be hoping, praying and sending out all my positive thoughts to the Ethereum and Coinbase gathering on March 23. I really think this could be a milestone. It might be a milestone in which the TRANSITION from Bitcoin to Ethereum launches. BUT it could be the milestone where Bitcoin and Ethereum MEET and start walking together. + +TO ALL::: Let us send best wishes to all on Wednesday March 23, 2016. Ethereum/Coinbase Meeting. I have heard rumours this will be streamed. If so, can someone post link / details. + +Peace! +The wrinkles have called it long ago. + +It was foretold that GME would tank with the entire market at first and then rise from the ashes so highs so high you'd think it's a phone number, I'm preaching to the choir here as I know we are mostly all zen as fuck and know the price is wrong but just in case you had some doubts or fears this is your sign to relax. + +Also want to point out that Popcorn stock is now lower than January 2021 highs even after reaching almost 350% higher than that, that would be the equivalent of Gamestop going to $1722 then dropping back down all the way to $483, and then going even lower than that to $371 had they both stayed on the same path but we know a certain Citadel took interest in popcorn and inflated their price only to pull the rug on them. + +&#x200B; + +Buy, Hold, DRS, and the optional options if you know what you're doing. +Hi, I’m a Potato, and I have a question that probably doesn’t belong here but I’m going to gamble and post anyway... + +Does anyone know if you can withdrawal your RRSP’s early? I don’t plan on being around long enough to retire (a fading illusion of freedom in my opinion), so can I take my money out and utilize it against debt now? + +Thanks for your patience with my idiotness +Politics aside, this would seriously change the FI/RE landscape for a lot of us. Just wanted to see what you all think. + +https://www.paul.senate.gov/imo/media/doc/ObamacareReplacementActSections.pdf + +EDIT: Oops! I thought this was Paul Ryan's plan, but it's actually Rand Paul's plan. Either way, it's the unlimited HSA contributions part that matters. +I had a really good conversation with someone yesterday about buying/owning a home because "that's what they were told was the thing to do". As a result, they are kind of miserable now - they only eat basic food, the same they had at uni, they can't go travelling and they feel somewhat limited. + +I understand this is a delayed gratification type thing but where do you draw the line for quality of life? + + +**Edit:** Consensus is: + +Buy within means - 3-4 x annual income + +Renting offers potentially more freedom but equally heavy weight around ya neck + +Buy small, chip away, refinance + +Don't have kids, own a shit box car and maybe a dog +Good Morning Apes! + +I wanted to apologize for the Daily post cutting short yesterday reddit was having server issues and I was unable to log in. + +GME has stabilized in the 130 range as of close yesterday. With large numbers of puts coming in at the 130-135 range for this Friday there is an obvious effort to keep the price as low as possible. This drive to push the price down can be seen here in yesterday's options flow data. + +https://preview.redd.it/xwwy1pdti2a81.png?width=897&format=png&auto=webp&s=4ef0c0b47f5233ef198e4ba114c5c3d3d7493250 + +With decent open interest in puts all the way down to 110 we could see another push today. Especially with the change in projections from the FED yesterday. + +It makes sense for them to drive the price down as much as possible with XRT beginning the threshold process today and a large chunk of ETF FTDs due Monday they will want the price low before covering. + +**I cannot emphasize enough how great of a deal GME is right now at these prices.** + +Whether you do buy & hold, DRS, options or all three. These prices are the lowest GME has been since March and $65 dollars below the average retail cost basis. If you were looking for an opportunity to get more GME or average down, this is a hell of a deal. + +Some bullish technical patterns. + +GME has relatively similar ascending-double bottoms on every significant run in the last year. + +https://preview.redd.it/ok2t5ewal2a81.png?width=1541&format=png&auto=webp&s=7a618c12090677e7e9dfb66a090af906861f1dd2 + +Today's MM FTDs are due from Dec. 1st + +[Net Short ](https://preview.redd.it/4n8yl7f0n2a81.png?width=195&format=png&auto=webp&s=388482e7dd040339d261e9d9647a5af73fb6028a) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# + +https://preview.redd.it/bm31s7fh35a81.png?width=300&format=png&auto=webp&s=7932e47e25e353ed3242e62bd741febe568c6ec4 + +# After Market + +Today was pretty volatile and we actually had some volume start rolling in 3.4m is significantly above our recent average. We had some discussion on stream today and do not think that XRT has begun the threshold process yet. **It seems I may have made an error in counting the day of inclusion (Dec.17th) as the the beginning of the 13 trading day period when in fact it may have begun the following Monday on the 20th as RegSHO inclusion doesn't happen till after market close.** If this miscount is true it will mean that XRT's threshold process will begin tomorrow. Thank you guys for tuning in, and I'll see you in the am. + +\- Gherkinit + +https://preview.redd.it/tp773qqlu4a81.png?width=750&format=png&auto=webp&s=64cde045b7717ee949368e18bb863e1566c8b619 + +&#x200B; + +Edit 5 3:06 + +Consolidation broke to the upside + +https://preview.redd.it/aftjkyqij4a81.png?width=1532&format=png&auto=webp&s=17f45832aac7d3eede650b68b14d89fc8ab41ec2 + +Edit 4 1:26 + +Another failed attempt to break 135 this fail backed with some short volume. Looking for support to the downside some might be found around 132. + +https://preview.redd.it/0wggw5qu14a81.png?width=1536&format=png&auto=webp&s=dbe7b338654511d962da6c104a938498b5acbc49 + +Edit 3 12:42 + +Breaking to the upside of 135 with max pain at 148 there is very little resistance (1100 oi at 140p) to the upside and we could see a sustained climb back towards max pain. + +https://preview.redd.it/wt82twezt3a81.png?width=1527&format=png&auto=webp&s=da112955d3be45a2909ca479cf60f3ee23491a90 + +Edit 2 11:23 + +Nice series of breakouts driving the price higher but it looks like a second fail of the test at 132.50, hopefully we consolidate in this higher range and push up again + +https://preview.redd.it/9jqlfntsf3a81.png?width=1531&format=png&auto=webp&s=f2f49231defa8faf10554630eff919e476a13a50 + +Edit 1 10:07 + +Ramping volume to the downside after a nice spike to trick people into fomo'ing into options that would shortly have been negative. Remember they still have a large amount of put interest to the downside. + +https://preview.redd.it/3wqaps1g23a81.png?width=1519&format=png&auto=webp&s=5bd9f8cf8fefc6d9655bb347d4c2a6d2d209b406 + +# Pre-Market Analysis + +GME with a choppy pre-market a high at 135 and currently trading at 132.44 on better than average volume. + +Volume: 35.69k + +Max-pain: $148 + +Shares to Borrow- + +IBKR - 100,000 @ 0.6% (250,000 borrowed between 5:48 and 7:16am) + +Fidelity - 389,348 @ 0.75% + +[GME pre-market 1m ](https://preview.redd.it/kprkskz0o2a81.png?width=1534&format=png&auto=webp&s=d748053d4a29dfd5181880a348ba2e97c89a71d0) + +TTM Squeeze: + +[Looking great with 4 fire signals \(5-6 is ideal for a breakout to the upside\)](https://preview.redd.it/f0sruwx6o2a81.png?width=2457&format=png&auto=webp&s=b780130a19287901da612d4ae92ffb0fa5fd78cd) + +BB/KC Squeeze: + +[I expect a false signal here as the Bollinger Bands drop through the bottom on yesterday's price action before snapping back up. A similar signal was thrown before the August 24th run.](https://preview.redd.it/117kxnoho2a81.png?width=2456&format=png&auto=webp&s=2f0c635feaf412174ef8a38464e9243987e3d35c) + +CV\_VWAP + +[Volatility picking up in the pre-market as the spread overcorrects](https://preview.redd.it/64it82a2p2a81.png?width=2461&format=png&auto=webp&s=8ba68ed62bc22c4458e826d273e24556395af886) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +One item I see that doesn't come up often enough on this sub is the understanding of how dividends are taxed. + +Can we get an explainer or links on: + +* how dividends are taxed + +* the implications of an REIT vs Bonds vs regular stocks + +* how you pay taxes even if you DRIP. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [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! + +Everything you read tells you about how ineffecient the USSR was, how the black market was the only way to get anything done, etc. if that's so, how the heck did it manage to rival the US economically? + +Bonus question: and why did the bottom drop out after the USSR was dissolved? One would naively expect things to improve after economic restrictions eased. +Could we fund the federal budget with only taxes on externalities and unimproved value of natural resources? + + +If not, then how much could reasonably be raised? + + +I'm not really sure why central banks are necessary. To me it kind of seems like a scam. They determine interest rates and the value of currency. I feel like that's a little too much power in the hands of one institution. + +Then again, I don't understand their purpose. +We're going to ~~shamelessly steal~~ adapt from /r/askhistorians the idea of a weekly thread to gather and recognize the good answers posted on the sub. Good answers take time to type and the mods can be slow to approve things which means that sometimes good content doesn't get seen by as many people as it should. This thread is meant to fix that gap. + +Post answers that you enjoyed, felt were particularly high quality, or just didn't get the attention they deserved. +[https://imgur.com/a/mLF4fTm](https://imgur.com/a/mLF4fTm) + +If you are making on a profit on each individual unit of ice cream, why would a company sell less of it? The only way I can think of this happening is if the price of the materials or labor gets more expensive as you make more ice cream, but isn't the opposite actually true (economies of scale)? + +This isn't the first time I've learned this material, but I never understand it. +Recessions and depressions before the Great Depression resolved relatively quickly I understand. Why is it that the Great Depression and Great Recession took so long to recover from? Will future economic downturns take a long time too? How are we doing on this COVID crash and does it look like we’re in this for the long haul? +How accurate is China’s official economic data ? + +It looks like brookings and others say China’s numbers are HIGHER than the actual. + +[https://www.brookings.edu/bpea-articles/a-forensic-examination-of-chinas-national-accounts/amp/](https://www.brookings.edu/bpea-articles/a-forensic-examination-of-chinas-national-accounts/amp/) + +[https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/chinas-economic-data-an-accurate-reflection-or-just-smoke-and-mirrors](https://www.stlouisfed.org/publications/regional-economist/second-quarter-2017/chinas-economic-data-an-accurate-reflection-or-just-smoke-and-mirrors) + +[https://www.nber.org/digest/aug19/official-statistics-overstate-chinas-growth-rate](https://www.nber.org/digest/aug19/official-statistics-overstate-chinas-growth-rate) + +But it looks like this paper from 2017 says China’s numbers are LOWER than actual? + +[https://www.nber.org/system/files/working\_papers/w23323/w23323.pdf](https://www.nber.org/system/files/working_papers/w23323/w23323.pdf) + +Is the nber paper from 2019 more accurate? So China **is** exaggerating their economic data? +Right now, Taco Bell is having a promotion where for ever 10 USD gift card purchased, a bonus 5 USD gift card is included for no additional charge. + +The bonus gift cards expire on Christmas Eve, but the regular gift cards don't expire. + +Disregard the fact that merely having gift cards would make me more likely to consume more Taco Bell than is optimal, and other such considerations. + +Also assume that I'll eventually use up the regular gift cards without going out of my way to eat Taco Bell more than normal, so getting stuck with gift cards I will never use is not a concern. + +Using only the bonus gift cards, would it make economic sense for me to consume Taco Bell until Christmas Eve as if it were free? + +Edit: Also assume liquidity isn't a problem. +As a layperson, I'd say that the Big Question of 21st century Physics is "How do we unify Quantum and Relativistic Physics." + +The Big Question of Computer Science is "Artificial General Intelligence." + +The Big Question of Biology is probably (?) "What can we accomplish with CRISPR?" + +Maybe for Philosophy it is: "What is consciousness"? + +I don't know much about chemistry, but questions of battery density and solar conversion seem pretty pivotal. + +So what are the Big Questions that Economists are working on? + +China has a relatively high GDP growth rate, which has been going on for a while as it urbanizes more and more. What doesn't make sense to me is how this continues to happen while its companies are suffering. Alibaba is worth about half it was a year. Weibo too. China S&P 500 is down 25% from a year ago. + +I thought stocks correlated heavily with GDP growth. Will China's GDP pay for this in time? Can their GDP growth ignore the stocks? +I just want to get this message to all sufferers and take a moment to talk about the negativity being thrown around and the potential mental health crisis that could unfold for many people here. + +I know the general sentiment is to shit on all the people with negativity about "you should've sold when you had the chance", etc and I understand why some of them feel that way. But I want to remind the people that you could be exasperating some serious inner self-turmoil for many people based on these words causing their mental health to be in ruins. + +In these times, we have to help these people up and give them good advice without sounding pompous. + +&#x200B; + +**My Perspective about Holding - Hindsight 20/20 - May put your mind at ease** + +Holding is not a bad idea granted you could actually afford to which is what I feel people missed out on. + +The point is, it wasn't completely horrible to get involved because truly, hindsight is 20/20 for situations like this. This was an unprecedented event in the likes the world has literally never seen. How could you possibly have predicted it to the tee? You can't pretend like you're the smartest in the room that saw all this coming. You can only extrapolate the data as it comes and watch as the event unfolds. + +I'd say you can call it more of a gamble than an investment, but it doesn't take a genius to understand that when getting in. The fact is, expectations should have been set better for all the new people that joined. + +Like I said earlier, the only people to worry about are the ones who truly have lost a majority of their wealth from this. I'm all about the movement but realistically if I invested at the starting price before it spiked to $400, I probably would've sold enough to cover my initial investment and kept the rest to be a part of the movement. + +&#x200B; + +**Some Lives Have Been Destroyed... Let's not deny it** + +There are some people here that really went all out. Like I don't know if you've been paying attention, but I've seen it on blogs, on many subreddits, on social media. Some people really have gone ALL OUT or have thrown a majority of their wealth on this. + +If this is the case, I'd start talking to a financial advisor immediately about what your next steps are. My deepest sympathies go out to the guys and gals who are feeling breathless and suffocated in these times, that in it of itself has been giving me more anxiety than anything else. Just looking at all the people who put in way more than they could chew... it honestly destroys me. I have anxiety myself and I can't imagine what you people are going through right now. + +I can see people hurting themselves over the decisions that have been made in the past 2 weeks. Especially with the pandemic at an all time high and already causing mental health ruin, this does not help. + +For the people that feel destroyed - you are going to get through this. I know it really sucks but you will. Life can change at an instant at any second the same way it can go to shit. The same way you feel you're never going to find that person to fall in love with and the next second some gorgeous girl is going out with your ugly bum. In either case, little by little, you'll fix this and you'll have become stronger for it. + +&#x200B; + +**Upside and Lessons** + +On the flip side, I and I'm sure many have had and are having a lot fun being a part of this movement. I hope this was a valuable lesson to many who had thrown everything in to not let emotions get in the way of making smart investment decisions. + +This was a volatile market, and should have come in understanding that this was basically gambling money as much as it was an attempt at a short-term investment. Going forward, if you decide to stick around and invest in the stock market in general, it really can be an enjoyable experience to play with the numbers in a way that doesn't get your heart dropping every 2 seconds. + +If any of you need to talk or are feeling low, the PMs are open, and I'm sure there are many people that can and will help you get through this. + +**Closing thoughts... hold if you can afford it and have been in it for the movement. But don't have any expectations of this giving any real returns going forward.** +EDIT/UPDATE: APRIL 21, 2021 + +We got our money back! Not 10 days later, not 15, but 32. + +We filed a complaint with the FDIC, had a case manager assigned, due to our complaint, from the suntrust regional office, and 3 days later, we got a phone call letting us know "they don't know why the account was flagged, but the issue is resolved , and we can continue banking as normal. our funds were available to us". I don't know about you, but that pissed me off even more. It took a complaint from the FDIC to get a call back from someone. No answers for over a month and all of a sudden, there's nothing wrong. We went straight down to the bank to close our account and withdrew our funds. + +All in all, this experience really opened my eyes to just how criminal the banking system in the USA is. I saw so many comments stating "This must be a fraud case" or "there's most likely flags or reports on our account". I mean, sure, i guess that's a reasonable answer, but we are good people. We work hard, we're honest, and we get all our money deposited to our account via direct deposit. There was no fraud, no strange purchases, nothing. + +Just an incompetent bank system. + +\----------------------------------------------------------------- + +On March 3rd, 2021, my husband was out and tried to buy a cheeseburger, when his card declined. He called me to let me know his card was not working and asked if i could get to the bottom of it. I had noticed the previous day, that the app on my phone for our bank, SUNTRUST, was not letting me login as i was trying to check our funds for budgeting, and i assumed the app was being updated so i didn't bother with it. all in all, i ended up calling the customer service phone number on the back of my debit card, which connected me with a representative to whom i explained the current situtation. The representative began to stutter and could barely get a sentence out without placing an "umm" between every word, which instantly gave me anxiety. As she procceeded to answer my question as to why my card was not working, she stated "The account has been closed, Suntrust decided they will no longer continue banking with you as per a 'routine review' of their accounts". As you could imagine, i was instantly irate, Due to the fact that all of my husband and I's funds were in this one sole account, and i had not recieved ANY notification of closure or review. I instantly hung up the phone, and decided i would go down to my local branch, because surely this was some mistake. + +As i arrived at the branch, i sat down with a banker in a very humid glass office, and kindly explained what the representative had told me on the phone, but that i had no knowledge of why this would have happened. The banker seemed confused as if this had never occured before, and procceeded to pull up my account. As he read over the notes, he remained quiet which i found odd. He turned to me and very plainly stated "there are no notes in regards to the situtation, im not sure why, there is just a phone number provided for you to contact for more information, im sorry." and handed me a paper with the said phone number on it. + +I walked out of the building, and called the number in my car from the parking lot. It brought up the automated system for the suntrust fraud department, which then led to me to a representative with an international accent, most likely indian, which led me to assume this was an offshore phone number. I again had to explain my situation and yet AGAIN no explanation could be provided. + +At this point, i was now past anger, and my emotions grew into fear, where is my money!? + +I walked back into the branch, unsatisfied with the service being provided from this institution, and requested to speak with the manager. He politely led me into his office, as i again explained the situation. as the banker before had, the manager pulled my account up and read through what seemed like an endless amounts of notes, yet could not provide an explantion. He stated he had to call the 'back office' who are responsible for account closures, placed the call on speaker but as soon as someone picked up, placed it on a personal call so i could not hear the responses. The manager explained what was going on, and asked "is there any information that i CAN provide to the client?" which flew a huge red flag for me.. what do you mean what you can tell me? its my money for god sake, don't hide information.. but anyways, he continued on and could only state that the fraud department was reviewing my account and they decided to close the account. he could not provide any timeframe for when i would recieve my money, but that it would come through a check in the mail. I cried right there unapologetically, this bank took all our money, won't give us access to it online to even verify the amount in the account, and won't provide any further information. + +I have no money to pay the bills, feed my family, put gas in the car. I don't know how this is even legal, as i have seen many other people's testimonies reporting the same, with no luck for a resolution. We had thousands of dollars in this account, and they took it all without remorse or explanation. + +What do we do now? Get a lawyer? How do we pay? + +If this has happened to you, i am so sorry, but this just can't be legal. + +what now. +Hi fellow apes, I think even with the acknowledgement of the bystander effect taking place in this community, we are still acting as bystanders. If you really believe in a floor of $50M+, then the majority of your shares should be in computershare. Honestly, I myself am contributing to the bystander effect in this community as well. I transferred 100 shares and told myself I played my part but that isn't enough. I am being selfish in that i'm only playing MY part knowing other apes are going to act as bystanders even though they know its a problem. I truly believe that a floor of $50M+ is realistic and because of this, I am going to commit to transferring 90% of my shares to DRS. I think apes should seriously consider transferring 90% of their shares if we want MOASS to happen. I will show proof in the next coming days. Thanks for listening. + +THIS IS NOT FINANCIAL ADVICE!!! +So i get up this morning and my investments are down around 5% +The only thing keeping them afloat is the BTC I bought at about this time last year. +Everyone I know has sold all their crypto, +Everywhere I look people are telling me to pull out, +Every tracking site shows that the prices are dropping constantly since the beginning of the year, +People are all telling me that is is the beginning of the end, I am so tempted to pull out my money, I can afford to lose it but I dont see why I should when I could just take it all out now. +Can anyone actually give a good argument why or how they think the market can recover ? +I am starting to believe the " crypto is a ponzi scheme " mutterings that I would have laughed off this time last year. +All evidence is pointing to it all being a massive scam, but a voice inside me says to keep holding. + I dont want to lose any more money, thankfully I already took 4k out so I am up even if I pull it all out now. + +Im not sure what to do, I am not asking for advice what to do with my money, just opinions on the market recovering as I cannot see much chance of that happening at the moment. +This whole idea of sticking it to the man has backfired and we are all helping the rich get richer and the poor get poorer just as we were before by funding the banks, I cant see any difference now. +Hey everyone, so basically I sold a couple of positions in my TFSA to free up some capital and am looking to put it all towards one small cap stock. I already have positions in both GDNP and FLT in my taxable account, but once I sense a winner I like to "average up" in my TFSA for tax free gains. + +So I am taking a poll to see what everyone would pick to load up on in the TFSA. + +Note - I have done DD and have positions in both already, just looking to see which one I double up on in TFSA + +[View Poll](https://www.reddit.com/poll/lgl0gc) +Graduating out of penny stock category to regularly TSX exchange + +Definitely a buy for those looking for “less risky” stocks but this isn’t a penny stock anymore so discussion on it will be banned in 1 month +Since markets are opening after a long weekend, what are you planning? Discuss and strategize here! Penny Stocks need volume and being nice and supportive is encouraged. + +**IMPORTANT: Downvotes are strongly discouraged. Sorting by new is recommended** +GBTC - Bitcoin Holding Trust + +ETHE - Ethereum Holding Trust + +BRPHF - Galaxy Digital, Investment company in Mining, Digital Assett Management, Blockchains, more + +DMGGF - New North American Mining Pool and Mining Management + +CAN - Canaan INC, makes mining equipment like the BitMain that make the AntMin + +**Mining Stocks** + +HBTF(HIVE Blockchain), Mines mostly ETH and some ETC + +HUTMF(HUT8), Mines 100% Bitcoin + +ARBKF(ARGO Blockchain) Mines BTC and zCash) + +BFARF(BitFarms) Mines BTC and LTC + +BFCH((BitFrontier) very new and not very transparent, company still in building phase. purely speculative, looks like they might be building a big operation +https://finance.yahoo.com/news/apple-starts-shipping-devices-stores-203514688.html + +(Bloomberg) -- Apple Inc. is starting to use its network of retail stores as distribution centers for shipping products to consumers, joining a trend popularized by other retailers. + +The Cupertino, California-based technology giant has typically shipped devices like iPhones, Macs, iPads, and accessories from warehouses located across a customer’s region or directly from China. Now items that are in stock can be shipped directly to consumers from a network of almost 300 retail stores spread across the U.S. and Canada, according to people familiar with the matter. + +Apple told staff the shift will mean faster delivery times for customers who live further from distribution centers than from stores, according to the people who asked not to be identified discussing internal policies. The products will be shipped through United Parcel Service Inc. in Canada and FedEx Corp. in the U.S. via ground shipping and may be delivered as early as the day after a customer’s order, Apple told its staff. The program will apply to customers who live within 100 miles from a store, the people said. +Hi all, I've been reading this sub for a little while now, and there seems to be done really good advice going around, so I thought I'd ask. + +Here's the run down: + +Wanting to buy/save for a house and get a mortgage for that. +I usually ask a variety of friends and family who I would consider smarter than myself with this things about how much I should be saving up as a percentage of the mortgage for the deposit. + +Some say as little as 5%-10%, while others say I should look around 20%. + +I understand that the bigger the deposit you have, generally the better deal you'll get, but I'd appreciate all you smart people's advice on the topic. What a good number to aim for? + +Thanks all! +I have been given an extremely generous opportunity where someone offered to give me 5 shares of any stock I choose (I assume within monetary reason, but they didn't state a cap.) I am extremely interested in Google specifically due to it's integration and the fact that WAYMO is a part of that umbrella as well. I believe WAYMO and self-driving tech to be an absolute in the near-future. Amazon was the other choice I was considering. I realize Amazon is slightly higher cap right now, but I intend on sitting on these for a while. I have no current portfolio, and only have a few bonds to my name as far as investments go. +At the beginning of this year, I opened a MF Utilities Pvt Ltd ([mfuonline.com](https://mfuonline.com)) CAN account and started investing. + +Yesterday, I placed two separate orders for which I paid via ICICI netbanking. Payments for both orders has been debited from my account and the bank confirmed the transactions too. However, for one of the orders, the payment shows pending on mfuonline while for the other one it shows confirmed. + +Has anybody here faced a similar situation and if so what was the resolution? I am sure I will lose the NAV for yesterday for one of those investments now. + +EDIT: The payment seems to have cleared now. It is showing the transaction with a bank confirmation number now. However it looks like I’ll get tomorrow’s NAV for one order and today’s for the one that went through. +People on this sub do not like Zerodha Coin as it holds the MFs in the demat mode. What is the disadvantage of this mode? How do other brokers hold the MFs? Is that in the "mat" mode? +What is the debt component you use for non-retirement goals(basically without EPF)? + +PPF might be one, but might need to have another liquid debt component that can be used for rebalancing. Also 1.5L PPF limit might get exhausted towards the end as we move from equity to debt. + +If we think of liquid funds as a debt component, say quantum liquid, the returns are like 3% now (SB account returns), is that fine to have such debt component for a 15yr goal? +I get $1,000 from my company every year to spend towards personal education or development initiatives and am having a hard time identifying something I would want to spend towards. Personally not looking to develop anything very technical like coding, but curious to hear any perspectives from what others have found impactful in the past whether company sponsored or not. +What kind of professional can help me take a look at my options related to paying down ridiculous amount of credit card debt? ($50k!!) ugh!!! I don’t want to do a bankruptcy. I own a condo but it needs work in order to get a good price. I also have student loans ($70k) and a car loan. My 401k ($200k on a good day) is really my only good option. I have a teeny amount of stocks (maybe $3k) + +I left an abusive marriage with my 2 girls years ago. I just wanted to get out quickly and safely so I accepted terms that I should not have (some student loan debt is his but mine now per settlement). Been “ostriching” for far too long. + +Is this something a CPA is best for? + +Financial planners seem to feel they are wasting their time with my broke ass. + +I make a decent salary ($112k) but low for my line of work and location... I am working on the income flow but I really want that debt to stop increasing by the second! I’m 45, and no family members can help. + + +I'm passive investor with 5% of my portfolio in Emerging Markets (index). I've been thinking lately that it's not really worth it to invest in these stocks. Emerging market economies may indeed enjoy higher level of GDP growth than developed economies, but their corporate governance is substandard, corruption may be rampant, and the rule of law inconsistent. The result is that much of that growth is captured by insiders rather than by the public investors at large. + +While the market is undoubtedly aware of the problems and presumably takes them into account when setting prices, I'm not confident the market can accurately price in unknown information (for example, we don't really know what goes on in China). Emerging Mkts is pehaps one of the few areas where active management makes sense. Indexing assumes the market is efficient, that assumption may not be true in some emerging markets. + +I feel index investors are better off focusing exclusively on the US and other developed markets where we will get a fair shake. Large corporations like MCD and Coke already have exposure to emerging markets, and unlike locally traded shares, their financials are not suspect. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Like many of you, I thought that sometime soon our 10 year long bull market must end. I began hoarding cash anticipating a drop and a recession that could last years and depress stock prices. + +Until I sat in one of my classes and my professor, a CMT, brought up an interesting point: we might only be at the start of the bull market. He brought up the classic SPX chart showing the enormous returns ever since the '08 recession. Then he brought out other indices such as the Russell 2000 (IWM) and various Emerging Market ETFs (VEA, IEFA, AIA, etc.) and pointed out an oddity: Between 2018 and March 2020, these markets have been stagnant/flat, essentially trading within a range. He explained that while growth in the S&P might have been great the last few years, practically the rest of the world lagged behind. + +Basically his point was this: now that all of these other indices/stocks are joining the rally after being stagnant for years, the real bull market is just beginning. + +Of course, he and I could easily be wrong. But I was interested in finding out your thoughts on this, what do you guys think? +&#x200B; + +https://preview.redd.it/a2jxy1pjjr7a1.png?width=1917&format=png&auto=webp&s=b418872ec373db90357a1dd4749040da603a7e2c + +Shown in the picture is the analysis curve of my month so far. I started trading options and lost quite a bit, made the switch to futures, lost more, and then moved to a strategy that relies on removing your "Indicators that will make you $$$$$$$" and encompasses just pure price action and market structure. I've been decently profitable the last couple of months. The only indicator I have on my chart is the 21 EMA. The win rate of this curve is 69.7% trading ES futures. As you can see you will have losing trades, most of them are from taking a trade when I shouldn't have. Psychology and your emotions can be a bitch when trading lmao. + +I'll start the day out by observing the daily chart, 10,000 tick chart, and I will day trade off of the 2,000 tick chart. + +For those looking for trading strategies (mainly within futures), I recommend price action trading. On YouTube you can find it by watching Thomas Wade & PATSTrading. +Ask everywhere if they accept Ethereum. And if they do, actually pay in it. + +Just ask once every time you go to a new seller, merchant, vendor, whatever. + + +For example: + +* Cashier: "That will be 20.99, sir" + +* You: "Not accepting Ethereum yet I see?" + +* Cashier: "Giggle" or "huh" + +* You: "Never mind" + + +This will achieve a network effect. People will become more and more aware of cryptocurrencies and Ethereum in general. This will slowly, over time program this keyword into their minds. They will be Googling about it, asking about it to their friends. + + +Typical scenario: + +* Cashier to boss: "So this one guy asked if he could pay in Ether today." + +* Boss: "Ether eh? I've heard it somewhere, maybe I should read into it" + + +The more normies hear about cryptos from several people (not just one crazy shill) the more they will want to get into it and start using it. Actually using crypto is the key to mainstream adoption. + +And it starts with people understanding that this is an actual form of money. You have to program the association "crypto" = "money" in the people's brains. Right now it is more like "crypto" = "hackers", "drugs", "ponzi". + +It is our job to help Ether become a mainstream method of payment. + + +I adapted this text from a post by /u/anythingforsuccess on /r/cryptocurrency. + +EDIT: Removed the phrase "Mention it as a joke" as it was clearly the wrong choice of words +Just wanted to drop by and give you bros some encouragement. + +This market is pretty choppy, and it's difficult to make money consistently during months like March. You can have the best chart pattern, a huge catalyst, and even massive amounts of social media attention on your stock, and it will still come down if the overall market is crashing. + +&#x200B; + +Looking at my watchlist of 48 stocks, literally only AMTX and GNUS are green on the day. + +# How to Trade in This Market + +If you guys are familiar with my trading style, you know i use a lot of strict risk management in my position sizing. And the way the market has been this month, is exactly why i do it. Currently on the month I'm +2.7%, but i have definitely lost more trades than I've won. Its why i use 2:1 risk/reward no matter what. I can lose more trades than I win and still be even. IF you buy a stock right now, you NEED to have a stop loss and only risk whichever percentage of your account that you're comfortable with, in my opinion. I only risk 2% of my account per trade and cut my losses at that level each time. + +&#x200B; + +[my spy put day trade from today for +$148 in two hours](https://preview.redd.it/9sdyr98rauo61.png?width=615&format=png&auto=webp&s=ba22120bcd9e7300239f1a2b03ad602d46c2be07) + +&#x200B; + +# Basically, I'm not buying any pennystocks right now + +I'm watching VISL, ACCO, BHAT, (not too much though), GNUS, and others. But I'm not buying any stocks or pennystocks while I think SPY is bearish. I'm only day trading SPY options, and swing trading SQQQ long position. + +If you buy any pennystocks, I would just tread lightly or plan on day trading for a while. I'm still bearish on SPY down to 350, but maybe April will be bullish again for the market. Til then, just have to trade lightly and not hold any options overnight, while managing my SQQQ swing + +&#x200B; + +**Just some reminders** + +You're a great investor. + +You've been profitable in other months. + +You will continue to be profitable once the market is bullish again. + +&#x200B; + +&#x200B; + +cheers bois +I read in a review of a Ha-Joon Chang book somewhere that he presented the following argument against free trade: sure, a protectionist economy does not enjoy the rewards from specializing in its comparative advantage, but if it liberalizes too early, it risks never developing a comparative advantage in a sector which was discouraged from developing domestically. + +While I can think of a theoretical refutation - innovation is spurred on by competition, which is eliminated by protectionism - the idea does seem supported by empirical evidence to some degree. The average Asian developing economy in the 20th century was fairly protectionist, including India which discouraged food imports. Yet the Green Revolution increased its agricultural output to the degree that it is now a major exporter of [several food crops](http://www.fao.org/india/fao-in-india/india-at-a-glance/en/). English protectionism in the mercantilist era raised wages at home and spurred on the Industrial Revolution. + +Is there any stage in a country's economic development in which it benefits from protectionism? Can a version of Ha-Joon Chang's argument be forwarded to defend protectionism by developed economies today like the US and those in Western Europe? +It seems when ever I'm in L.A. or New York(which is very rare) there's always construction going on. Also the number of new permits for these areas being issued for new contractions is still really high along with Seattle which doesn't have rent control but strong tenant laws. Plus D.C, LA Seattle and New York are all slated to have some of the highest volumes of apartments being built according to this [https://www.realpage.com/analytics/2022-will-be-a-record-year-for-apartment-construction/#:\~:text=Over%20426%2C000%20apartments%20are%20under,in%20at%20least%2040%20years](https://www.realpage.com/analytics/2022-will-be-a-record-year-for-apartment-construction/#:~:text=Over%20426%2C000%20apartments%20are%20under,in%20at%20least%2040%20years). so what's the deal? +Say I own a small coffee shop. Can I pay everyone, including myself, an equal share of what is left over after I've paid for all the other business expenses? Is this a thing already, and if so, why is it not how all companies work? + + My friend says it's impossible, but didn't explain why. I thought you guys might know the answer. + +edit: profit sharing workers cooperative + +thanks for your helpful answers +There has been some talk surrounding this article (https://www.reuters.com/article/us-usa-economy-nyfed/n-y-fed-raises-u-s-fourth-quarter-gdp-growth-view-to-near-4-percent-idUSKBN1E9292?il=0) that Trump‘s policies are great in virtue of results of this sort. How ought one to approach this from economics? +It is very common to hear someone say that socialists should read "Basic Economics" by Thomas Sowell, because surely if they read this book or otherwise familiarized themselves with basic economics they would realize socialism is bad. + +I'm not asking anyone to make an argument in favor of or against socialism as a "good" or "bad" way of managing a society. But, insofar as socialism can be charachterised as the workers owning the means of production (and following, the abolition of class, money, companies, private property, and eventually communism), is this somehow incompatible with economic theory? + +I understand that there are many socialist economists, but do they come into conflict with the fundamental tenants of economics, as a study, in any way? +https://www.vox.com/energy-and-environment/2018/12/21/18144138/green-new-deal-alexandria-ocasio-cortez + +https://www.google.com/amp/s/m.huffpost.com/us/entry/us_5c0042b2e4b027f1097bda5b/amp + +Hey Leah: + +I meant exactly what I tweeted: I am disappointed you (or your publishers) chose to publish enough personal information that people can easily find Dorian and his family. + +The pieces might all be public information, but you worked really hard to piece them all together, and the crazy people who might decide it is a good idea to go visit "Satoshi" are likely not as smart or hard-working as you. + +And all of your evidence is circumstantial, EXCEPT for the "I'm not involved in that any more" quote, which might simply be an old man saying ANYTHING to get you to go away and leave him alone. + +Anyway, I hope some good comes of all this; I hope it stimulates more debate on personal privacy and the role of journalists in our "pan-opticon" world. + +If most people there are not from the world of finance. +I'm invited to a Christmas party. I'm not a full time trader yet but if I keep half the pace of the last 1.5 years I could support myself in 3 years. So I'm looking forward to it. +So I've done the unthinkable. Something I didn't think in a million years I'd do but I've decided to get rid of my internet line. I was paying around $80 per month and it basically gave me everything I needed (1000GB and 100mb/s) except my phone plan also had around 40GB of data each month. So I weighed up in my mind if I really need the internet on at my house and realised I don't actually use it all that often except YouTube and Netflix. Netflix is already included in my phone plan so it doesn't chew into my 40GB and I can work on living without Youtube. So to me thats pretty much a win! + + +Has anyone made similar decisions and if so, how's it going for you so far? +A few thoughts/questions, I am an amateur investor but like to follow the financial news and try to piece things together. Would love to hear thoughts from people more coherent/intelligent than me: + +- Today the 10-year Treasury rate shot higher, to a level comparable to the panic last March when people were dumping everything they could to raise cash. + +- This has matched a melt-up in equities and crypto-currencies, as well as the SPAC craze. + +- Treasury yields are rising despite the fact that the Fed is apparently still buying bonds at a massive rate from primary dealers + +- Inflation expectations rising rapidly, Fed has said it will go over 3 percent + +- Washington continues to deficit spend like nobody's business + +- It's always trendy to talk about the "bond bubble" but I haven't seen any of these articles in awhile even though the reasons for owning bonds at these yields defy logic + +Potential Risks: + +- (Perennial) - China dumping U.S. Treasuries + +- Higher Treasury rate = higher mortgage rates, decrease in home values + many delinquent mortgages due to pandemic + +- Does increasing yield on treasuries mean that Washington is increasingly going to be paying out higher amounts of interest on its deficit spending? Could this lead to a credit downgrade? We know a low rate is good for stocks and real estate, but is it also good for a government that's unable to dig itself out of a fiscal hole and in fact keeps digging deeper? + +IDK what I'm talking about really, these are just a few random thoughts that I can't piece together very smoothly. +Edit2: Thank you mods whether you saw this or not for cleaning up front page. Much appreciated!! + +Edit: Lets make it clear - I have no issues with your stock sir. You are just in the wrong place talking about it + +Its pretty clear this is the next shill tactic or you guys cant follow rules to make the mods job easier... THIS IS GME ONLY SUB SINCE DAY 1..... why are certain stocks allowed and talked about in any way shape or form here. We have known since jan about the distraction stocks/trades. why is it ok now when we are coming to D-Day.... And when you call it out they say " ape no fight ape" bruh..... are you guys kidding me.. + +Mods stop sleeping and step it up... Rules are there for a reason..you made them... enforce them + +u/redchessqueen99 + +THISISWENDY'S + +https://preview.redd.it/8wbkzsfk14z61.jpg?width=214&format=pjpg&auto=webp&s=791ad691855ab4cb0859760a07606bd52f862fe6 +Merchant payments and financial services provider, BharatPe, is bolstering its consumer play, foraying into the peer-to-peer (P2P) lending space with the launch of its product -- 12% Club. + +BharatPe’s P2P offering will allow individual investors to invest and borrow at 12% interest through the ‘12% Club’ app. For the consumer product, BharatPe has partnered with LenDenClub and is in the process of onboarding Liquiloans. + +https://www.livemint.com/companies/start-ups/bharatpe-forays-into-p2p-lending-with-12-club-11629792988046.html +What are your thoughts on VPF? With better interest rate and flexibility than PPF, and practically no limits on investment (up to your entire basic pay), shouldn't more salaried people use this before PPF? + +What am I missing here? What can be the cons of using VPF? Why isn't this being talked about or recommended more often? + +Edit: + +Summary of the responses + +There seems to be 2 streams of thought. + +1. VPF in its current form is actually a very good option if you want to save for retirement. More people should actually make use of it. People don't invest in it because of lack of awareness. + +2. VPF in its current form is unsustainable, subject to the whims and fancies of the govt, and the rules are most likely to be changed/tightened to bring the returns in line with other govt small savings schemes. + +Though I personally belong to the first line of thought, the arguments listing out the cons have been very clearly put and they are serious concerns. + +Thanks for the replies. +From this article: http://www.collaborativefund.com/blog/careful-what-you-wish-for/ + +"When Snap went public last month, its investor documents contained a warning that has become common in tech companies: + +> We have many current employees whose equity awards are fully vested and will be entitled to receive substantial amounts of our capital stock shortly after our initial public offering. As a result, it may be difficult for us to continue to retain and motivate these employees, and this wealth could affect their decision about whether they continue to work for us. + +Google is facing this too. Its self-driving car program is suffering an exodus of talent. Bloomberg recently explained why: + +> Early staffers had an unusual compensation system that awarded supersized payouts based on the project’s value. By late 2015, the numbers were so big that several veteran members didn’t need the job security anymore, making them more open to other opportunities, according to people familiar with the situation. Two people called it “F-you money.”" +**TL;DR** + +**The Squeeze Is Happening Now** + + +Let's see see, today is a really big day for the Snake Banks, selling themselves like your mom on the street corner. It's okay though, there's a list of johns she uses. + +Get it, she keeps getting fucked by the same people over and over again. + +Just like you. + +* + +So below this is companies that are selling Notes, Senior Notes, their funds. Apparently the top links don't work, I'm fixing it, but [this one](https://www.sec.gov/edgar/search/#/dateRange=custom&category=custom&startdt=2021-04-16&enddt=2021-04-20&forms=FWP) goes to the list of companies offering sales. + +[HSBC](https://www.sec.gov/Archives/edgar/data/0000083246/000110465921052270/tm2113400d2_fwp.htm) + +> If we were to repurchase your Notes immediately after the Original Issue Date, the price you receive may be higher than the Estimated Initial Value of the Notes. + +Nice language, I wonder what it means? + + +[Bank of America](https://www.sec.gov/Archives/edgar/data/0000070858/000119312521119914/d141072dfwp.htm) +3.5 Billion + +[Morgan Stanley](https://www.sec.gov/Archives/edgar/data/0001666268/000095010321005698/dp149553_fwp-ps1365msfl.htm) + +UBS is being their dealers for a sales commission, great guys those. Real salt of the earth. + +[Bank of Montreal](https://www.sec.gov/Archives/edgar/data/0000927971/000121465921004342/d419211fwp.htm) + +Their subsidiary(holding), BMO Capital Markets Corp. (“BMOCM”), is the agent for this offering. + +[Morgan Stanley](https://www.sec.gov/Archives/edgar/data/0001666268/000183988221005998/msf1361_fwp-03859.htm) + +Republic of Columbia +[1 Billion](https://www.sec.gov/Archives/edgar/data/0000917142/000119312521121876/d117835dfwp.htm) + +Bank of New York Mellon +[400 Million](https://www.sec.gov/Archives/edgar/data/0001390777/000119312521122039/d127542dfwp.htm) + +[Royal Bank of Canada](https://www.sec.gov/Archives/edgar/data/0001000275/000114036121013422/brhc10023364_fwp.htm) + +OH SHIT ARE THEY SELLING TWITTER STOCK + +also + +> The Notes are our debt securities, the return on which is linked to the performance of the Reference Stock. As is the case for all of our debt securities, including our structured notes, the economic terms of the Notes reflect our actual or perceived creditworthiness at the time of pricing. In addition, because structured notes result in increased operational, funding and liability management costs to us, we typically borrow the funds under these Notes at a rate that is more favorable to us than the rate that we might pay for a conventional fixed or floating rate debt security of comparable maturity. + +Bank of America +[4.5 Billion](https://www.sec.gov/Archives/edgar/data/0000070858/000119312521119919/d141072dfwp.htm) + + +[JP Morgan](https://www.sec.gov/Archives/edgar/data/0001665650/000182912621002705/jpm_fwp.htm) + +[AMC fund 19](https://www.sec.gov/Archives/edgar/data/0001857646/000185764621000001/xslFormDX01/primary_doc.xml) + +Those are single offerings, btw, they have more. + +[The link](https://www.sec.gov/edgar/search/#/dateRange=custom&category=custom&startdt=2021-04-16&enddt=2021-04-20&forms=FWP) has preliminary proespectus regarding the Notes they are going to be putting up for sale. Lots of really familiar faces liiiike + +* JP Morgan +* Citibank, +* Royal Bank of Canada, +* Bank of Nova Scotia +* Bank of America +* HSBC +* Bank of New York Mellon +* Republic of Colombia +* Bank of Montreal + +A tidy little list, and by no means is it complete. + +And here's Ally Financial Inc offering up 1 BILLION dollars. I've never heard of them, let's check out their + + * Joint Managers +* Barclays Capital Inc. +* Citigroup Global Markets Inc. +* J.P. Morgan Securities LLC +* RBC Capital Markets, LLC +* BofA Securities, Inc. +* Deutsche Bank Securities Inc. +* Goldman Sachs & Co. LLC +* Morgan Stanley & Co. LLC +* U.S. Bancorp Investments, Inc. + + +Oh dear, those are familiar names. They're co-managers of a LOT of funds guys. + +Probably cause they're never sure who's fucking their wife that day + +[Genesis Energy Finance Corp](https://www.sec.gov/Archives/edgar/data/0001022321/000119312521121461/d150074dfwp.htm) is offering about 250 million in Notes, let's check out these + + * Joint Managers +* BofA Securities, Inc. +* BNP Paribas Securities Corp +* Capital One Securities, Inc. +* Citigroup Global Markets Inc. +* Fifth Third Securities, Inc. +* RBC Capital Markets, LLC +* Regions Securities LLC +* Scotia Capital (USA) Inc. +* SMBC Nikko Securities America, Inc. +* Wells Fargo Securities, LLC +* Co-manager:  Comerica Securities, Inc. + +Boy you guys are just literally everywhere huh? I started out by researching each individual one, but as I learn their names and subsidiaries, they just show up, for free, like your mom. + +**What are they selling?** + +Secured bonds, not always guaranteed, but ones that will make a lot of equity for them. We talk about them needing equity and liquidity, but do they? + +Or does snakey hedgies just want a buffer between their personal banana numbers and apes? + +I'm moving on from these drafted up Sales proposals, but I know who's going to buy them. Another snake bank. If you'd like to hunt yourself, filter for forms FWP and 424B2. + + * + +Guggenheim Capital is being the 'institutional investment manager' for Security Investors LLC, they made sure to file on...today. I didn't know Guggenheim had it's tail dipped in so many pies. [Today.](https://www.sec.gov/Archives/edgar/data/0000791185/000182126821000123/xslForm13F_X01/primary_doc.xml) + +Always great to see a familiar face. + +I'm going to put a pin in this filing, cause Citadel isn't the most uncommon name but. + +[Citadel Investment Advisory, Inc. PO BOX 900 CHESTERLAND, OH  44026](https://www.sec.gov/Archives/edgar/data/0001811907/000181190721000005/xslForm13F_X01/primary_doc.xml) + + * + +[Federal Home Loan Bank of Pittsburgh](https://www.sec.gov/Archives/edgar/data/0001330399/000156459021019552/na-8k_20210414.htm) isn't selling stuff, but I like their language regarding debt secuties. + +**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet** + + > The Federal Home Loan Bank of Pittsburgh (the "FHLBank") obtains most of its funds from the sale of debt securities, known as consolidated obligations, in the capital markets. Consolidated obligations, which consist of bonds and discount notes, are by regulation the joint and several obligations of the eleven Federal Home Loan Banks. The Federal Home Loan Banks are regulated by the Federal Housing Finance Agency (the "Finance Agency"), successor to the Federal Housing Finance Board effective on July 30, 2008 (collectively, the "Regulator"), and the regulations issued by the Regulator authorize the Finance Agency to require any Federal Home Loan Bank to repay all or a portion of the principal of or interest on consolidated obligations for which another Federal Home Loan Bank is the primary obligor. Consolidated obligations are sold to the public through the Office of Finance using authorized securities dealers. Consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the United States government. + + * + +Oh hey! On April 12, 2021, JP Morgan is filing a beneficial ownership of ::checks hand:: [PLBY Group](https://www.sec.gov/Archives/edgar/data/0000019617/000001961721000288/PLBY_GROUP_INC.htm) nearly 3 million of their stocks under Sole Voting Power, and checkmarked + + > x A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); + +Hey, we remember what that is, right? JP Morgan is soooo generous, helping out other companies. BTW, Sole Voting Power means JP Morgan gets to decide what to do with those nearly 3 mill stocks, it's not a Shared Voting power which means the company gets, any say really. + +Also, PEG U.S. Direct Corporate Finance Institutional Investors IV LLC is the beneficial owner of 7.4%. + +Let's keep an eye on that name. + +[Monthly Distribution](https://www.sec.gov/Archives/edgar/data/0001600824/000185362021000002/cgcmt2014gc19_10d_42021.htm) of Citigroup Commercial Mortgage Trust 2014-GC19 just got filed, that's pretty normal. Let's check out the Holders/Sponsors of this fund. + +Citigroup Global Markets Realty Corp. +Goldman Sachs Mortgage Company +MC-Five Mile Commercial Mortgage Finance LLC +Cantor Commercial Real Estate Lending, L.P. +The Bancorp Bank +Rialto Mortgage Finance, LLC +RAIT Funding, LLC + +Aaaand + +U.S. Bank National Association (principal executive offices of issuing entity) + +Issuing Entity, real fancy. + +Okay, next thing. Aww hey it's a stock offering by [Full Circle Brewery](https://www.sec.gov/Archives/edgar/data/0001715599/000166516021000493/xslC_X01/primary_doc.xml), reason for the Amendment is they need to extend their campaign? Let's check this out. Arthur Moye is trying to get someone to invest in him, he even has a website. + +Look at those sweet little numbers, he's offering Class C non voting stocks, the target is 1964 and the deadline is July 19, 2021. He has 22 employees. + +Poor guy, guess he doesn't know the right people. + +I wonder if this is how hedgies find people needing help? You know they wouldn't accept no class c stocks with non voting power tho. Some lawyers are 'ambulance chasers', maybe some hedgies are 'I own your company now fuck you'. + +Sorry, that got away from me. + +[Wookey Technology](https://www.sec.gov/Archives/edgar/data/0001854155/000185415521000002/xslFormDX01/primary_doc.xml) is also offering stock, or a minimum of 5 thousand accepted by any outside investor. He's got 38 investors, bless them. + +Investing is interesting, isn't it? + +Here's another important thing to remember this is included in pretty much all of these contracts, in big bold letters deep inside the language. + +**Hedging Risks** + +Very, very, VERY few times have I seen under that caption that a company states they don't do that sort of thing. + +Let me tell you, if you heard the RBC bank's salty ass answer to the analyst from BoFA, [you'd deffo laugh](https://www.sec.gov/Archives/edgar/data/0001000275/000121465915001685/s225150425.htm). She told him. + +*Janice Fukakusa - Royal Bank of Canada - Chief Administrative Officer, CFO* +Oh, I'm sorry. You were talking about the CAD41 million in earnings. That's strictly foreign currency translation on earnings. + +*Steve Theriault - BofA Merrill Lynch - Analyst* +So there's no hedging offset to that number? + +*Janice Fukakusa - Royal Bank of Canada - Chief Administrative Officer, CFO* + No. + +*Steve Theriault - BofA Merrill Lynch - Analyst* + So that won't necessarily rise next quarter? There's no sort of smoothing on that? + +*Janice Fukakusa - Royal Bank of Canada - Chief Administrative Officer, CFO and Bad-Ass Bitch* + Right, because we do not hedge our future earnings. So that's strictly translation, as we earn it and translate it to Canadian dollars. We only hedge our equity. + +Fucking dead. + +anyway i haven't even participated yet in this beautiful holiday, ill go fix that in a minute. + +Uh right, so stuff. You know that meme where spongebob is angrily showing beneath his bed and the closet and the whole trash heap outside? + +*Where are they going to get the money to pay a floor of a million plus?* + +Yeah, that. So I'm just going to keep meandering through this shit and giving a feel for what kind of money moves around daily, what kind of funds they've got on their end. + +Until the names become ingrained in your head. + +Until the numbers become as familiar and heartwarming and *within reach* to ape's mind as it is to snakes. + +You see, because the squeeze is getting squozed right now, and it has been for decades. On you. + +Take a walk somewhere or a drive, look around. Look at the schools, fuck look at the average person's bank account. + +Ape reading this, most of them anyway, know exactly the pressure I mean. + +It's time to squeeze back. + +Happy 4/20 + +**** + +*** + +** + +* +The Banks Are Selling Government Bonds to the Hedgies- The Floor is 250 Million [Part 1](https://www.reddit.com/r/Superstonk/comments/mtp8y1/the_banks_are_selling_government_bonds_to_the/?utm_medium=android_app&utm_source=share) + +[Part 1.5](https://www.reddit.com/r/Superstonk/comments/mtt8wg/master_feeder_funds_privately_negotiated_loans/?utm_medium=android_app&utm_source=share) (unformatted) + +[Part 2](https://www.reddit.com/r/Superstonk/comments/mubk7t/the_worlds_largest_shell_game_the_floor_is_250/?utm_medium=android_app&utm_source=share) + +[The Banks ARE The Hedge Funds - The Floor is 250 Million Link-Free Edition](https://www.reddit.com/r/Superstonk/comments/muoyq8/the_banks_are_the_hedge_funds_the_floor_is_250/?utm_medium=android_app&utm_source=share) + +Edit 1: sorry about the links guys fixing it + +Edit 2: trying to make it look...neater + +Bonus Banana Numbers + +**Two banks merging** + +>[Webster and Sterling](https://www.sec.gov/Archives/edgar/data/0000801337/000114036121013384/nt10023268x5_425.htm +) are uniting to create a powerhouse bank with over $63 billion in assets. + +>Together, we will have $52 billion in deposits, $42 billion in total loans (80% of which are commercial), and 225 banking centers across the footprint. + +> The combined company will be called Webster Financial Corporation (NYSE: WBS) and the combined bank will be called Webster Bank. Chairman and CEO of Webster John R. Ciulla will serve as the President and CEO, and President and CEO Jack Kopnisky of Sterling will serve as the Executive Chairman. There will be a combined executive management team, and the board of directors will have representation from each company. + +Tis but a drop of blood to them. +How legitimate is the content posted on Zero Hedge? I've found myself reading the site recently, and to me it always seems as though they have a 'the sky is falling' mentality. What are your thoughts on the blog? I'm usually a really big Matt Levine guy.. so I wonder if he's just skewing my view with his god-like understanding. +https://www.cnbc.com/2019/10/13/boeing-737-max-grounding-enters-eighth-month-driving-up-airline-costs.html + +Costs are piling up for airlines as the 737 Max heads into its eighth month. + +The planes have been grounded since mid-March after two crashes killed 346 people. + +Boeing's board stripped CEO Dennis Muilenburg of his chairman role so he can focus on getting the planes back. +I've never been a big spender, but I am about to graduate college and start at a new job with a great salary. I was planning on living "comfortably" with a new car, a nice place to live (read: large mortgage), a few new toys, and some fun overpriced vacations -- and the normal retirement path to "freedom" at 60ish. + +Luckily, I found Mr. Money Mustache, this sub, and YMYL and have been absorbing as much knowledge about FI/RE as possible, and I've changed my whole plan after some life-changing evenings by myself with some wine and spreadsheets (romance is alive and well). I've realized that **those things I wanted aren't going to make me happy**. So my lifestyle plan has changed drastically: + +I have a cheap, practical car; I'm going to keep it. +My job has no dress code and my clothes are good quality; I'll keep wearing the ones I have to work and everywhere else. +I have a nice commuter bike already; I'm going to live close to work and commute on a bike. +I'm very happy with the lifestyle I've had in college; I'm going to keep living frugally and socially. + +And above all, I'm going to avoid debt, save as much as possible, invest in real estate and build side-hustles, and be on track to retire at a nearly-fatFIRE level by age 40 at the latest, by my excel calculations. + +Even better, I hesitantly brought it up to my girlfriend and she was so happy she almost cried - turns out she's secretly big into Stoicism, and she wants to retire early and travel and bike and not own a clothes dryer. Biggest relationship boost ever! + +I'm so glad this community and the critical mass of knowledge is here and on the blogosphere. **You've saved me 20 years of unnecessary working before I even start my career!** Seriously. Twenty. Years. Hopefully other almost-college-grads can find this community ASAP and have make some life-changing life-plan differences. +As an xxx GME holder, I am very worried about the future of the GameStop company & my shares. After reading "The House of Cards" DD by u/atobitt, where he is describing that I am not a real owner of my GME shares and that they have stuck into DTCC members (particularly Cede) hands, and I don't even have a right to ask how many shares are being held by them and how many derivative IOUs traded on the market. + +I am very upset and I have no words to explain how little trust I have now towards the US Stock Market, where GameStop trades its shares. My last hope is to ask you, as a soon-to-be Chairman of the board, to recall the shares of GameStop for a recount. Only this way I will be able to understand what is the real price of the shares I am holding and the real amount of shares outstanding. Until that, trading GME will feel like running in the dark room with eyes closed - absolutely zero understanding of what is happening to the shares and where are they being traded at. + +Sincerely yours, + +u/rudyb0y + +👊 +Original press release - http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html + +Recent press - https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/ +Hey, so I'm looking some advice and guidance on what to do career wise. I currently work in 1st line IT Support but I am interested in becoming a Software Engineer. Would it be wise to quit my full time job to do a degree which also includes a placement year? Bearing in mind I am already 23, I would have to do an access course for 1 year so if all goes to plan I would graduate when I'm 28. Would this be worth it? +1) how much money do professional day traders usually trade with? $10,000 trades? $20,000? What number do these individuals work with at the minimum to make effective profits? + +2) how much are these individuals making from day trading professionally per week, on average or even just a educated estimate. + +I’m trying to save up and learn more about the market so I can invest effectively in the day trade game +Pretty much title but UK jobs only! I found it unrelatable reading about a garbage collector in NY making $100k/year. Curious to see what unexpected jobs bring in the big £££s + +Edit: Let's present figures to back the job title up whenever possible, please! +FIRE'd the first time at 33 with $3.something MM. Went back for more and now have a job that currently pays $1M, very RSU-heavy in a publicly traded company. Now at $5.5 NW. I've been growing to really hate my job with constant work anxiety and troubled sleep. I decided for sure I was done and it's time to quit my job, I've even been counting down how many more mondays I have left, proudly counting it down week by week with my friends who have been great at supporting me with this. + +Well as of today (Tuesday) I'm at 3 more Mondays and should give notice this coming Monday, and I'm getting cold feet. I am struggling with the job and I have more bad days than good, but on the other hand I'm now making the money I dreamed of as a kid, and I still see brief moments in my job of what used to really motivate me. Due to stock growth if I quit and decide to come back I'll probably drop to more like \~$600k income (I grew up poor and fully realize how stupid this sounds). + +None of my friends of family can relate and I sound like an asshole even talking about it - part of the fatfire dilemma - can anyone here offer words of advice or their feelings about the situation? +Most of the mortgage sites only have for primary only. I am looking for cashout refi + +Edit: added more detail + +My first mortgage is at 3.6 something, seems a shame I should refinance that to a higher rate so I can cashout refinance. Are you aware of any lenders that do investment cashout in second position ? + +One of my quotes best so far, + +|rate|APR|points|| +|:-|:-|:-|:-| +|**3.560%**|3.78|**2.329**|| +|**4.625**|**4.662**|0.36|| +||||| +||||| +https://www.reddit.com/r/GME/comments/wkx8x7/follow_up_due_diligence_on_citadel_and_hong_kong/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Follow up to this apes post. I live in Hong Kong so thought I would go by and check it out. + +I went by this building. Confirmed the 23-25 floor is listed as AMTD in the lobby. + +Went into the elevator and it only goes up to 23 floors, so maybe it’s 2 stories and 25 floor is accessible internally. 24 floor may not exist as it’s Hong Kong and they think the number 4 is unlucky so they skip those sometimes (4, 14, etc). + +Tried pressing the 23 floor elevator button but it didn’t register. All other buttons worked. Looks like you need a key card to access. + +That’s it. + +So no confirmation the company actually exists. + +https://imgur.com/a/iPq2zJP + +Edit: +Added some images to the album. + +I count 20 stories in the main building on google maps. Subtract out GF, 4, 14 and that is 23 floors in HK. (Making some assumptions on 4 and 14, I didn’t check the other elevator). + +There is a bit at the top of the building that looks to be 3 stories, but from above on google earth, it is all aircon units and such. Maybe one functional floor. So if they skip 24 also, then maybe the lower part of the top bit is the 25 floor. + +I’ll go back and count in person sometime and check the other elevator. +Hello FP, + +I’m a 22y/o Active Duty Military and I’ve been on the personal finance grind for the last year and a half or so. Up until now I’ve had goals with my money whether it’s getting an emergency fund or saving for trips. I’m at the point now where I don’t really have any goals and I’m just saving money to save money. I’m currently putting 60% of my paycheck into my Roth TSP and my Roth IRA is maxed out as-well as my emergency fund. + +I was talking to people about coming up with goals or things to strive for but I’m just stuck in this weird rut of whether I should continue aggressively saving and investing or relax on it and chill knowing that I’m losing out on prime compound interest years. + +What’s your guy’s opinions on my issue? +Edit: Thank you all for your feedback. Based on your input...for now, I've done a 180 on my plan to go back to college to teach. You all may have helped save me $40k, maybe 2,500 hours, and the heartache of not being able to get the job I want. I'll need to figure out a Plan B, which is likely a simpler thing: just get a different job...which carries different risks. + +\----- + +I would love to hear about those that have jumped off the FI-or-die approach to use their funds to improve their flexibility/their standard of life ***before*** they hit FI, and what their feelings about it were. Mostly, I hear stories about how people felt about either their reactions to achieving FI or those that are in the struggle to get there. No need to read the rest if you have an applicable story, but my background and current thoughts are below if you want to give specific advise to me. + +For my background, I'm 40 with a large, expensive family. I discovered FI around 2014 and kickstarted my efforts to maximize savings to achieve FI as fast as possible. I already had some savings and was probably on track to hit FI in my late 50's and at that time targeted 59.5 due to US retirement access reasons. + +My target for retirement is between $2.2 and $2.5M depending on when I retire due to the expenses of raising 4 kids that will (at some point) dissipate drastically. I'm currently at about $1.1M in retirement assets and look to be on track to hit FI in about 6 years. Even that feels like a VERY long time away, especially with work getting more and more stressful and my kids all deciding they would defy the space time continuum and grow up even faster than expected (they are ages 6-12 right now). + +My goal is not necessarily to retire in 6 years, though...I more expect that I would want to retire in \~12 years when my youngest graduates high school. I don't desire to be fully retired before then because my "why" revolves around long term backpacking trips that I wouldn't be taking with kids still in high school. But I DEFINITELY don't want to stay in my current career beyond FI. If I hit FI...I'm exiting and finding something else to do. + +So that gives me some flexibility. I don't really need to hit my number in 6 years, I have more than double that time...and based on my current assets, I assume I'll hit my number by age 53 even if I don't invest another penny. So the flexibility I'm seeking is a new, lower stress job. + +My expenses are still high right now, so I do need significant income. Here is my current plan: + +1. Go back to college to get my MBA in an evening program over the course of 3.5 - 4 years (application is almost done) +2. Then get a full time job as a JC instructor. +3. I'll take a significant pay cut and would need to dip into some savings to maintain our quality of life. +4. I'll get 20 weeks off a year, do something I feel I will enjoy exponentially more, and significantly reduce my work stress and improve work/life balance to tip way in my favor. + +By this timing, I'll pretty much be hitting FI during my first 12-18 months of teaching, anyway, so the risk seems pretty low to me at this time... + +But I'm wondering if I want to take it another step...I'm considering just quitting my job and accelerating my efforts on the MBA to push me into that career faster. I'd likely have to work some kind of a job in that meantime so I don't "over dip" into my savings, and perhaps my spouse would need to get something that makes more salary (she makes maybe $10k/yr?), but I do think that I can still achieve my goals even if I had to pull out $200k-$300k from my retirement savings (most of which I can access tax free!) to float me through that stage. + +This greatly changes my trajectory to the point that I haven't thoroughly analyzed...but the point would be that it would just be a permanent lifestyle change for me, I wouldn't be reviewing my spreadsheets every day to see how many more years I have to work. I literally keep track of how many weeks I have left! Instead, I can hike/travel with my family for a month in summers! coach their teams! set my own schedule! It all sounds amazing. + +Anyone have stories they can share about how they used their retirement assets to give them a larger sense of freedom that they acted on? A plus if you're in the child raising stage, like me. I'm trying to think of what Future Me will think of all this. Will I be 48 years old and kicking myself because if I had just stuck to the current plans, I'd already be FI? Or will I wish I had just made the change earlier in life because I was happy and content to the point that FI isn't even important to me, anymore? + +My risks are that a) getting full time instructor jobs is hard. Requires some luck...so I'd likely have to work as an adjunct instructor making less money and getting less benefits. I can still float that in 4 years if I keep on my current plan, but if I make a change now, that makes my outlook a bit shakier. b) health benefits plays a role. Not excited about the idea of not having them and my spouse would likely have to pick up a job that gives benefits (she used to work at Starbucks and could go back). c) part time work would take time for me to set up. I think I'd get a home appraiser license. I could flex my work there to make extra money when I wanted to and maybe make similar salaries to what I would instructing while I finish my MBA. That would take me 15 months, perhaps...and would only work out if I quit my current full time job. I'd make a little bit while getting the license. +I’m curious as to if anyone has achieved decent (I leave it to you to decide what decent is) market predictions using Deep Learning. No need to mention scores, but what about time frames? What form of data got you the best results (text, price, fundamentals)? I appreciate you may not wanna share IP, but I’m curious to hear from Academics, Researchers or ML engineers on any general and abstract hints! +I have an algorithm that had a basic trailing stop for the sell logic in BTC. Many times there is a huge spike down in a single candle, or maybe two, then it recovers and keeps going up after stopping out. + +I've tried a few unsuccessful variations on keeping this from happening. This has happened to me a few times. The screenshot example is from this morning. + +Simply widening the stop loss is not a good solution. I've tried things like X number of down ticks in a row needed prior to selling and resetting the number with an uptick with not luck. + +I have a couple more ideas like including some EMAs into the sell logic. + +I figured someone here might also have ideas or suggestions on this topic; any ideas or concepts I would be much appreciated. + +&#x200B; + +https://preview.redd.it/m5e1cxv3amh51.png?width=840&format=png&auto=webp&s=76cb5b797d8040b43fb9434c965068bc0b4150be +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +I'm so sorry for the delayed start today! Fortunately we're all *very* well-versed in eagerly waiting for something to happen while HODLing GME with Diamantenhände. + +Yesterday was another extreme volume day, but there were certainly some stronger forces at play trying to keep the price down. If you haven't yet read u/Criand's most recent DD post, I highly recommend reading it now. It lays out a very compelling case for another run-up in the coming days, perhaps even triggering the MOASS. Either way, apes are ready for whatever happens - shorting the stock clearly doesn't make us sell, bull traps clearly don't make us sell, and we are just as prepared to HODL through the rocket ride to the moon. + +Today is Thursday, August 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$198.90 / 169,48 €** *(volume: 1543)* +- 🟥 115 minutes in: $198.72 / 169,32 € *(volume: 1486)* +- ⬜ 110 minutes in: $198.78 / 169,38 € *(volume: 1331)* +- 🟩 105 minutes in: $198.78 / 169,38 € *(volume: 1327)* +- 🟩 100 minutes in: $198.71 / 169,31 € *(volume: 1307)* +- 🟩 95 minutes in: $198.68 / 169,29 € *(volume: 1276)* +- 🟥 90 minutes in: $198.46 / 169,10 € *(volume: 1208)* +- 🟥 85 minutes in: $199.35 / 169,86 € *(volume: 1093)* +- 🟩 80 minutes in: $200.38 / 170,74 € *(volume: 873)* +- 🟥 75 minutes in: $200.00 / 170,41 € *(volume: 867)* +- 🟩 70 minutes in: $200.47 / 170,81 € *(volume: 797)* +- 🟥 65 minutes in: $199.92 / 170,35 € *(volume: 552)* +- 🟩 60 minutes in: $199.95 / 170,38 € *(volume: 385)* +- 🟥 55 minutes in: $199.94 / 170,36 € *(volume: 275)* +- 🟩 50 minutes in: $199.95 / 170,38 € *(volume: 262)* +- 🟥 45 minutes in: $199.89 / 170,33 € *(volume: 227)* +- 🟩 40 minutes in: $199.92 / 170,35 € *(volume: 207)* +- 🟩 35 minutes in: $199.91 / 170,34 € *(volume: 199)* +- 🟩 30 minutes in: $199.85 / 170,29 € *(volume: 197)* +- 🟥 25 minutes in: $199.83 / 170,28 € *(volume: 175)* +- 🟩 20 minutes in: $199.86 / 170,30 € *(volume: 149)* +- 🟩 15 minutes in: $199.83 / 170,28 € *(volume: 104)* +- 🟥 US close price: $199.65 / 170,12 € *($201.00 / 171,27 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1736. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Note: I made this post a few days ago, before accidentally deleting it 20 minutes later because BaconReader's UI is annoying. Just wanted to repost it, so there would be a record of part 1 before I post parts 2, 3, and 4 in the future. + +**TL;DR: From Spendypants to Survival FI in 2.5 years, on track for fat FIRE in another 4.** + +## The Background + +As I try to prevent myself from discussing FI topics with my friends, I'd like to share a series of four posts with the community over time. I plan to make these posts every time I hit a big milestone. It's a bit of show and tell, but also a log of what I was thinking at each snapshot in time. + +Just for the record, I am aware that I come from a position of extreme privilege. I am a relatively-young, extremely quantitative, high-income Asian male working in the finance industry. I probably underweight the role that luck has influenced my journey. That being said, my path since college has been one of single-minded, relentless optimization to maximize my income. Since discovering FIRE, the objective function has evolved to maximize savings instead of just income. Nearly every decision made along my journey has been one that has been evaluated against my objective function, for better or for worse. That said, this is my journey so far. + +When I first started on the FIRE path, I set our four critical levels, based on levels of estimated expenditure: + +- Survival FI + - I would have a roof over my head, food, internet and a cellphone, but little else +- Lean FI + - I would have the basic necessities of life, a replacement used car every 5 years or so, a modest vacation a year. +- FIRE + - The first level I would be comfortable leaving the workforce. This includes $10k for vacations every year, a larger car budget, etc. +- Fat FIRE + - My ideal number before working the workforce. I doubled my car, food, housing and vacation budget. + +From my estimates of expenditure, I found the level of productive assets necessary to sustain the required income (using the 4% rule), then added the value of non-productive assets I have (equity value of my intended primary residence that my sister currently lives at) to form the net worth required. For added margin of safety, I added on the value of my locked in retirement fund assets to form safe net worth (They would form a buffer in case the safe withdrawal rate is lower than anticipated). These calculations resulted in four levels that can be seen from chart below. + +https://imgur.com/zaH4Tca + +I've been lucky enough to dig through all my tax returns since I turned 18, which gave me reasonable estimates of my income and expenses all through college until now. From that and various bank statements, I was able to get an idea of my net worth over time. You can see big inflection points in the growth of my net worth when I leave college and enter the workforce, then more recently when I decided to take FI more seriously. + +https://imgur.com/EShkEGV + +## It's FI Way or the Highway + +On New Years Day 2017, I started keeping much better track of my income and expenses, and created the first version of my budgeting worksheet. This led me to realize that despite my many pay raises, I was barely saving anything. I went ham on cost cutting and desperately looked to increase income. This was a very stressful year for multiple reasons: + +- To cut costs to the bone, I moved into a tiny dorm room +- I tried investing in a lot of alternative investments to try to boost my investment returns + - Remote student rental startup (We ended up making a bit of money, but it wasn't worth the stress and effort involved. I now know how much I value uninterrupted sleep. We unwound that a year later.) + - Private REIT (Still illiquid and still stuck in, although the returns have been impressive.) + - Crypto mining (Made my money back over the next two years, but it wasn't worth the stress and effort involved.) + +Frustrated with my situation, I knew I was significantly underpaid for my role and experience. I started interviewing for similar roles all across the street. It was an eight month drought, but when it rains, it pours. All of a sudden, with multiple job offers in hand, a three way bidding war developed, and I was able to double my base compensation, more than double my bonus, and move out of an investing role into a more fulfilling and less stressful role. + +My conclusion at the end of 2017 was twofold: + +1. I'm an absolutely terrible active investor for my own PA, and it causes me too much stress. (Odd, as I was in a career professionally managing external capital). Going forward, no more funky stuff - no more crypto, no more private investments, no more rental properties (Although I still had another preconstruction in the works to be delivered in 2019). The lesson learned was to set up a passive asset allocation and HODL. +1. It wasn't worth the time and effort to develop a side-gig, particularly when my main gig is very well remunerated. + +Moving into 2018, my sanity was starting to crack after living in a a room smaller than an standard American prison cell for most of a year, and I ended up moving into a slightly larger, but still tiny coliving (dorm room-like) space. It was inconveniently located with a fairly long commute, but there was a bunk bed, space for a desk, and my own washroom. What else could I want? Until the black mould started growing all over the walls and ceiling, it was paradise. Eventually, my health started to suffer, and completely fed up, I moved into a nice, new apartment costing almost three times as much. This slammed my savings rate, but the quality of life increased significantly. + +Life has been relatively quiet since then. I've manage to maintain discipline better this year, with less volatility in my savings rate. As of the first of the month (Nov 2019), I've hit my first milestone: Survival FI. Based on my countdown to FI, I estimate about 17 months until my next milestone at my current income and expenditure rates. + +https://imgur.com/t5ha8Z5 + +Just because everyone loves Sankeymatic diagrams: + +https://imgur.com/H0Tf5li +## So You Hit Survival FI. Now What? +Head down, breathing focused and counting down to my next dopamine hit. I expect to hit Lean FI in 17 months. In the meantime: + +- I'm trying to pay less attention to FI - it'll be fine. Most decisions are inconsequential at this point and move FI forward or back by a month or two. I find that I spent endless time working on my budgeting spreadsheet, or obsessing about money I spend. I hope that as I get closer and cross these FI levels, this mental anguish will fade into the background. +- I'm trying to pay less attention to the news. There are little genuinely interesting or enlightening news. Most of news is people talking about other people talking or tweeting and is inconsequential in the grand scheme of things. Bloomberg started detecting incognito mode and I don't have a good way around their paywall anymore. I've also learned that not reading Bloomberg has negligible impact on my life. +- I'm trying to go to the gym every day. The last few years have taken a toll on my health, and I'm not getting any younger. I can't slam weights like I used to, but I hope to get some yoga or cardio in every day. I really hate the lead-up to yoga, and I hate the yoga class itself, but I never regret going afterwards. +- I've deleted almost all social media. I got rid of Facebook over a year ago. I got rid of Instagram recently. The only thing I have left is LinkedIn, and once I reach FIRE, I expect that I'll delete that too. I have no regrets - I still hang out with my friends, and there's more for them to update me on now. I'm sure I missed some party invites on Facebook, and missed some details on which high school person married whom, but I figure that if my only contact to someone was through Facebook or Instagram, and I wouldn't reach out to them for a coffee or drink when I travel through town, they probably weren't that close a friend anyways. +- I'm struggling to figure out what to do after FIRE. Right now, I've moved halfway around the world, relentlessly optimizing to minimize my time to FIRE. I'm going to have a lot of time on my hands, if I'm not working a full-time job, and most of my social circle has a day job. In the ideal places for me to live, there is a much higher tax rate, and a much lower prevailing wage. This doesn't make full time employment an attractive option. I think I can do remote or part-time work, but that still leaves a lot of time on my hands. I've given some thought to board work, but not sure how to get started (If anyone knows good resources to look into, I'd be very interested in learning more). I'd like to spend more time snowboarding and chasing powder, but I imagine there's only so many days a year that I can hit the slopes. It would be easy for me to travel the world almost continuously solo, but I feel like a lot of these experiences are shallow and not meaningful when there's nobody to share them with. +- I've spent a lot of time reflecting on the things that are important to me, and the sacrifices that I'm choosing to make. I feel like questions around lifelong commitments have hit me really hard in the past little while. I've made really big sacrifices to move up my FI date and while I don't regret the decisions I've made, I've accepted that some life experiences will be inevitably delayed (like partnership and marriage) or extremely difficult without compromising on FI (children). On one hand, I see some of my friends getting married, having children, and I envy them, knowing that they can raise their children while they're still young and active and in the peak of health. On the other hand, I believe that raising children while not having to work full-time, without money stress, and having all the time in the world to spend with them also has its merits. +My company recently started a new 401(k) plan, but unfortunately, they decided to use John Hancock. + +First and foremost, the representative from John Hancock would purposely avoid my questions about fees and was being vague, and it was like pulling teeth to finally get real numbers from them. + +They are charging everyone enrolled in this plan 1.07% for "record-keeping services such as educational resources (of which there are none), investment platform, quarterly statements and website tools (the website is a joke and seems to be purposely built to be vague and difficult to understand, and I have to go through the statements and calculate how each fund is doing by adding up costs and values - only the overall fund performance is provided, and the numbers provided do not even come close to matching my figures)" plus an additional $24 per participant per year. + +Then there is an additional 0.55% annual fee for "ongoing administration and management, which requires additional services such as fund selection and monitoring, consulting, plan compliance, plan reporting, and other administration services." + +So before we even get to the expense ratios of the funds themselves, there is a 1.62% annual fee just for having the 401(k) program with John Hancock. Now they said that this fee would decrease as the value of the total company fund increased, but they refused to provide actual real numbers for what the fee would be reduced to at what total fund values. + +Overall, I've had nothing but negative experiences with John Hancock, and if your company is exploring starting a 401(k), I highly recommend that you talk to HR and request they stay away from John Hancock. + +Good luck out there, and happy investing! +Hi, PF. First time caller, long time listener. 30, trade worker married, two children (8 and 2). + +My wife and I make a combined $65k, give or take (she works part time to stay home with the kids). My mother lives with us (she works full time still @ 67 years old). She's single, helps with the kids, and I want her to keep saving for retirement. She owns no property and just has a small savings. + +Anyway. The house we're renting now we are being forced to leave within the next 12 months (more like 6 months) but can leave whenever we want before then. I live in New Jersey, where property tax is insane. But all of our family is here, my oldest is in school and loves it, and all of the surrounding towns (that aren't crummy) within a 30 mile radius are the same or more expensive. + +Anything I look at (has to be 3 bedrooms because of my mother) is in the realm of $2500 and up. Even if we split up, our rent would hover around $1500 and my mother's would be in the ballpark of $1100, so we wouldn't be saving anything. + +I've been looking for nearly 3 years and that's just what it is in this area. And even those properties that are for rent are few and far between. Perhaps one pops up every few weeks. The random cheapy pops up (say $2100), but is always a complete shithole when I go check it out. + +A mortgage for a modest house (all we really want. Something along the lines of a 3 bedroom/1-2 bathroom with a basement I can one day finish or is finished already), including the outrageous ~10k in taxes would be on par if not cheaper than rent. On par due to insurance, repairs, etc. But, still likely cheaper. + +Now, with my mother's income as a co-signer, we're around $80k-$85k. We have the down payment, though we've discussed PMI. Our credit scores are 820, 810, and 720, respectively. Yet I still have this feeling we're not able to swing it. Maybe that's just because I was brought up not watching my mother own a house and it feels like a pipe dream. + +We have no debt aside from my $250 car lease (we own the other cars). I just paid off my trade school loan. Credit cards are zero. And so on. + +What do you guys think we should do? Any advice is appreciated. Thank you. + +*Edit: I expect to buy something in the $275k to $325k range. That's a starter around here (or a fixer upper), but I really have no desire to move once I'm in. I'd like to buy and own for good. I have close to 20%, and would likely have that 20% by the time push came to shove. I have 6 months emergency saved. + +*Edit 2: Holy lord. I went to bed and woke up to this having blown up. Will get to reading! + +*Edit 3: Tons and tons and tons of great advice. Wow. So, a few things: + +1. I'm a barber. That's my trade. Everyone seemed to assume that it was some other labor job, but that's it. For what I do, I make great money (the majority of the income between my wife and I) because I work just outside of the city, which leads me to + +2. I can't leave NJ right now. That seems to be the most popular advice. I would never make what I make now outside of the area I'm in. I'm essentially the manager of my store and, for lack of a better term, stepped in shit in the last year. The only way I'd move on is by opening my own shop, which is absolutely in the cards. But there's no way I'm opening something and buying a house at the same time. I don't think my health insurance would handle a stroke without the deductible killing my emergency fund. + +3. I forgot about my health insurance. $550 a month, out of pocket. The rest is covered (4 of us). + +4. I'm not 100% reliant on my mother's income. That is essentially just go get us the loan. I have other small streams of income that I didn't include because it's erratic. Also, my wife will be going back to work in 2 years, replacing my mother's income. Anything from there is just gravy. I'd expect we'd be in the $80k ballpark alone within the next 2 years. And that's a lowball estimate. +Obviously there’s a significant disparity in the two prices, but I believe afterpay is insanely overvalued atm whilst zip is a pretty modest 3.20. Afterpay obviously has the titans share of the market but I prefer zips business model, as a customer being forced into afterpays 8 week schedule surely means more defaults which is reflected in their most recent report. + +Please give your fors and againsts for both businesses and how they compare, and keep in mind I think the whole buy now pay in installments later model is a bunch of bull shit when we are facing a recession but regardless I want ur thoughts. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I've been investing for a few months originally starting with the standard ETFs and then moved on to small-cap mining companies where I have made some good gains. The next step in my path to degeneracy is obviously Options but am also aware it's the stage where a lot of people blow up their portfolio and produce some quality loss porn. What is the best way go get started with Options? I'm with Commsec. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Good evening, everyone. + +First of all, I wanted to say I've been an avid reader of this community over the last few months, and have always found this community exceptionally helpful. My account is new, I know, and I intentionally created this new account to give me anonymity. I've been fortunate enough to reach some wealth quickly at a \~$32M NW and at a relatively young age (I'm 30yo, married, no kids) from my own work. I was also fortunate enough to make some of that wealth very tangible & liquid recently (about $12M). I still find myself "traumatized" by that experience, in a good but stressful way, waking up and sleeping thinking about this topic and what to do with it and how not to screw up. I feel guilty for saying that, because *I know* how fortunate I am, and despite being a massive "distraction", it's a very pleasant and fortunate distraction. I continue to work at the same job, my job is extremely extremely stressful and I feel like I'm burning out a ton, but my upside in the years ahead are way too high to ignore. + +To kick things off, the way I reached it was 3-fold: + +1. I've been working pretty damn hard for the past many years +2. I've also been incredibly lucky to be a very early employee at a high-growth tech company, growing to an exec level over the years. I've helped build the company I work for at the cost of a ton of sacrifice (countless 80-100 hour weeks). +3. On top of the equity that I've built, I've also seen extreme high performance in the crypto space in parallel, which is now a big portion of my NW & portfolio (trying to diversify out of crypto atm to get out of high volatility). + +# My current assets & strategy: + +* $900K - my home. I still have a \~$500K mortgage to pay, but interest rates are low, so I intend to keep paying slowly over the years. Over the past year, my home value went up 25%, which is nuts. +* $800K - Invested in a diversified portfolio, stocks, bonds, REITs, etc. +* $4M - Currently in cash - Recently I had the opportunity of selling a bit of the company stock options, worth $4.5M, which gave me more liquidity all at once. I've been slowly investing in the market week over week (mostly due to psychological comfort of doing it over time, dollar cost averaging into the market). The hope is that over time most of the money will be transitioned to the previous category, the diversified portfolio. This is why my current cash position is smaller than the sale. I've been planning to complete it in a year. I am definitely "afraid" of a sudden recession which is why I've been DCAing +* $7M - Currently in crypto currency, BTC, ETH and many other alt coins, which I've also been selling following the same strategy of cash above, doing it week over week. Overall, I do believe that crypto is here to stay, and have obviously personally gotten a ton of benefits from it, but I also understand I may have confirmation bias given my current position and might be wrong, so my expectation is to diversify a large portion away from it. I know it's controversial and I'm extremely concentrated, which is why I'm reducing my exposure. Similar to the cash situation, I've been doing it week over week, and at the current pace it'll take me about a year to complete. +* $19M - Vested company stocks, the company I work for. It's not liquid because it's a private company. I'll continue to sell over time when I can to diversify further, but still own a significant portion of stocks. + +**My target allocation** + +For the $11.8M (portfolio + cash + crypto) portion, I've been somewhat inspired by [this post](https://www.reddit.com/r/fatFIRE/comments/ce112j/critique_my_portfolio_30m_12m_net_worth/), but modified to my situation, and have been rebalancing over time and for the next year *towards* the following allocations (it's nowhere near there yet): + +* Cash - 25% (high because of opportunity cost, I plan on capitalizing on any potential crashes of stocks or crypto) +* US Stocks - VTI - 22.5% +* International - VWO - 15% +* Bond-like investments / dividends - NUSI - 15% (is this a good choice in 2021? idk what else to pick) +* REITs - VNQ - 15% +* Crypto - BTC, ETH, some other alt coins - 7% (higher than most people because I do believe in this sector long term, but not enough to have such a large part of my wealth tied to it like today) +* Play bucket - stock picking, fun bucket, to own direct stocks - 0.5% (mainly a tip I saw a while back to prevent the impulse of trading constantly, which I've found effective) + +My goal with this allocation is to get some good withdrawal rate in the future and enough passive income to never have to worry much. I've modelled it a bit using portfolio visualizer as well. + +**Advice #1: what do you think of my strategy of diversifying over a period of a year and the allocations above? What do you think of my portfolio target choices?** The reason I'm not rushing into the market is because I feel like the loss of inflation + gains gives me less anxiety than the risk of timing it completely wrong / anxiety of losing a lot of what I've got. Ofc, there's great risk on the crypto portion, but I'm following similar DCA strategy to avoid timing. + +# Upside and Burn out + +The second part of my post is related to my choice of either (1) retiring early at 30 yo or (2) continuing to work for 2-3 more years. I am extremely, extremely tired. I can barely stand going up in the morning and turning on my computer to work. I work in tech, from home, manage people, and feel like I don't like computer engineering or managing engineers anymore. I relate a lot with [this post](https://www.reddit.com/r/fatFIRE/comments/nhfr1u/comment/gywi29x/?utm_source=share&utm_medium=web2x&context=3), feel like I'm not productive a lot of the time, and I still haven't been able to delegate as much to be able to confidently not work as much. *My work drains almost all the energy and youth I have. I have no hobbies. In my free time, I'm just a zombie, always tired. Friends and family think I'm a workaholic and don't understand why I do it, I have relationship problems at times, it's just a bunch of sacrifice.* I know it's weird to feel miserable at the fortunate conditions I find myself in, but I do feel miserable all the time. + +"Just quit and retire, you've got a ton of money already", one might say. + +The 2 counterpoints are: + +1. a lot of it is not liquid yet as I listed above OR highly volatile (in the case of crypto, which I am working on diversifying more) and +2. golden handcuffs: the amount of options that I will have when it's all vested are enough to double my net worth today, so another $30M if nothing changed. If the company continues to grow, it might even go much higher, north of $100M in a few years. It could even 10X. I know I'm extremely privileged to even be where I am now, but have an opportunity to level up even more and won't come across any opportunity like this ever again, most likely. I have no ambitions of having more than $100M to be perfectly honest, but keep thinking it'd "only be a couple years more". + +Hypothetical example: If you had gotten a small piece of Apple Inc. back in the day, would you have left with $30M to retire, or stayed a few years more if it were already in a positive trajectory with the strong potential of doubling your equity and even getting it to become a $300M slice? (to be clear, I don't work at Apple, obviously. This was just an example to put things into perspective) + +I wake up every day wondering whether I should stay a few more years and capitalize on that \*crazy\* high potential, struggle a bit more but stick with it, or go live my life outside of work while I'm still young and have millions to decide what to do with. I also read stories here of people who struggle to find purpose after retiring and I fear the same, wondering if I'm just blind by the burn out. + +**Advice #2: What would you do in this situation?** What do you think is the most sensible thing to do? + +Above all, I am grateful for all the opportunities and success I've had so far. I appreciate you reading my post. Thank you. +I realise this is not really entirely relevant to this sub. However in the past Ive seen really insightful comments here. + +Ok so basically.. I was studying engineering at Uni but found the maths way too hard and didnt have enough focus to study the amount I should have.. after dropping out I somehow got involved with a security company and have been working with them for the past year. + +It pays pretty shit (8.5ph to 10.5ph) depending on the job and my biggest gripe is that you never really know where you are gonna be and weekends are rare. Plus its boring as fuck 99.9% of the time. + +I dont exactly know what I want to do which is annoying (i am 23 now) but Uni is deffo not on the cards. Ideally it would be office based. I think ive seen mentioned here specific IT courses you can do online that can get you entry level IT jobs. + +Literally any ideas of jobs or what to do would be much appreciated.. + +My GF studies Law and is always nagging me that I could do so much better than security.. but Ive been lazy. + +Thanks, hope this is allowed to stay. + +O and by the way this Sub enabled me to save my first 5k so thank you all very much! (i had an overdraft of 1.7k this time last year!!!) +Hi, we got married recently and we have been lucky enough to have obtained about 8k of cash from our wedding guests. Some of that money has come from friends and family abroad. + +We'd like to deposit the money to the bank ASAP but as this is a rather large sum we are afraid that this could raise some suspicions at the bank (money laundering etc). We have a few questions on this: + +1. What would be the best way to deposit this cash? Can we just do it all in one go or would it be better to break it down into smaller sums and do several smaller deposits (say 1k at a time) over a few days/weeks? Can my wife and I split the money between us and deposit it to our separate bank accounts to make this quicker? +2. If we get asked by the bank/authorities where the money came from would telling them that it was a wedding gift and perhaps presenting them with marriage certificate would get us out of trouble? +3. With this money coming from multiple guests would we need to pay any tax on it (gift tax)? + +Any help on this would be highly appreciated! Thanks +Hi all, + +So I'm saving to buy a house in cash. My estimate is that within 5 years I'll have about 200-300k saved. I don't want a mortgage, full stop. + +My question is when I finally do save that much, and if my income continues to be about 80k per year, is there a massive risk to putting about 90% of my net worth into my house? Are there any specific risks I should be aware of? My plan is to have about 20-30k aside for maintenance etc. + +Edit: + +Thanks for the insights everyone, really interesting to get different opinions and much appreciated. For those asking there are a few reasons I don't want to get a mortgage, call me stupid if you want. But that's also why I'm asking for everyone's opinions so these aren't set in stone, just my current thoughts: + +\- I have a (some would say healthy, some would say irrational) fear of debt due to personal history + +\- The nature of my work is that I might have some big payoffs within 5 years but then uncertainty after that, so I don't want to commit to a 15 or 25 year payment that I'm unsure I'll be able to make + +\- I think it would feel really damn good to never pay rent again and not be paying interest to a bank + +\- It would make the homebuying process easier and I am very lazy when it comes to that stuff + +Edit 2: + +Okay thanks everyone, I get it, I will be looking into different mortgage options with shorter terms. I suppose I should've expected this reaction when I said I don't want a mortgage full stop, really what I meant was that it's irrelevant to the question I'm asking, but I also see now that I was wrong about that and it's all too tied together to separate that out. + +I wouldn't say I'm financially illiterate but I'm certainly learning, so for those of you who were polite and constructive in your replies I really appreciate all this info, thank you. +**EDIT 10/7:** I have the results of my simultaneous purchase test. Posted here: https://www.reddit.com/r/Superstonk/comments/q39afs/i_tried_to_obtain_consecutive_computershare/ + +TL;DR: ComputerShare account high score may be off by as much as 10x. + +I hate to bring un-tit-jacking news, but I think it's important to correct things when we find out more accurate information, so here it goes. + +**Calling ComputerShare** + +Starting at the end of last week I decided to do what I could to confirm CS accounts were sequential. To me this was the most exciting thing on this sub, and confirming sequential accounts was the silver bullet to knowing we were close to DRSing the float. + +Unfortunately, it doesn't look that way. I started simple. I chatted with CS and straight-up asked: https://imgur.com/a/Z4zCBga + +Not the answer I wanted. I pushed on and asked where I could get more information. He advised me to call and speak to the GME team. So I did. I explained I was trying to understand the volume of GME since brokers were claiming it was too much to process. He couldn't tell me the volume of shares coming in (unsurprising). So I asked if account numbers were sequential. He said yes! I was pumped. But now I have one no, and one yes. Can't just take the answer I want, can I? So I asked for a favor. I told him my account number, which ends in 12, and asked him to see if the same number ending in 3 existed. He said sure, no problem. + +And he was genuinely surprised that it didn't. I asked him to try 14. Also didn't exist. I asked if he'd keep trying until he hit on one. After a few seconds, he said, "I'm all the way up to 20 and haven't hit another account yet. I'm starting to wonder if they are numbered out of sequence for security. Maybe I shouldn't keep going." At that point, deflated, I said I understood and thanked him for the information. + +I know we have an ape with account numbers 8 apart. That seems to be the closest we know as this test went up 8 numbers without finding a match. I'm assuming there is some sort of random factor contributing to the last digit of the account number. + +**From the broker's end** + +This wasn't my only avenue. From comments in /u/stopfuckingwithme's high score posts we've come to estimate that Fidelity is doing 2000 DRS transfers a day (If asked, they will give out a confirmation number which seems very much to be a sequential counting of the day's DRS requests. Apes were DRSing one share at the end of the day and getting confirmation numbers around 2000.) Through my own battles with TD Ameritrade, I got in touch with their DRS department. Actually, had a really helpful guy there who was calling me back at the end of the day to update me on progress. Chatting with him I asked for a ballpark on the volume they're processing. He said 3000/week "sounds about right". So 600/day. + +So from TD and Fidelity, we have 2600 DRS per day. Now that's not the whole story. We have direct buys, we have other brokers. But we also have some percentage of transfers going into existing accounts. I think given the two largest US brokers doing DRS transactions are combining for 2600 per day, 2500-3000 new accounts daily is within the ballpark. That is 1/10th of what the daily CS new account high score is showing us are being added each day (typically 27-29K). + +**My smooth-brain conclusions** + +I think CS accounts are sequential, but the last digit of the account number is random. (So one account may get 0012345X, the next is 0012346X, the next is 0012347X.) If anyone has two accounts that are the same in all but the last digit, I'd love to see it to disprove my theory. + +What do I think this means? **DRS focus continues to be important**. I think the current mindset in this sub is that the float is close to being fully registered. I saw one estimate saying it's halfway there. I think there is still a long way to go. I do think it will get there. But it's going to take sustained momentum. It's going to take every single ape deciding that the safest thing for them is to own their shares in their name. + +**Please prove me wrong** + +I would also love to be wrong. If any ape wants to take a crack at this and get better answers or more concrete data, please do it. Here are the numbers I called: + +ComputerShare: 800-522-6645 + +TD Ameritrade DRS: 800-652-4584 + +EDIT: u/AllCredits's [comment](https://www.reddit.com/r/Superstonk/comments/q1b2bk/we_have_a_long_road_ahead_computershare_accounts/hfdv23b/) made me think of a detail I should add. I created my account in mid-September. I still have not received the paper letter with instructions for creating my account. It's entirely possible the people after me also haven't gotten their letter, and thus haven't created the account. Their accounts may "exist" but not yet be active/findable because they haven't created an online profile. I would encourage someone who has received their letter to try and repeat my experiment using their account number as a starting point. That would be either great confirmation of non-sequentiality or debunking of my post - which would be awesome. +Eve of the weekend topic for lawyers and other professionals. What will be your walk away trigger? Hitting you minimum number? Hitting your target number? Stress? Boredom? Wanting to give back? + +Any ideas on how you will scratch that “need to achieve” itch? +Background: My wife and I purchased our first SFH rental property in July of this year. We put 15% down on it and this + closing costs consumed about 75% of our liquid savings. We had to put about 5% of the property's value into repairs before listing it, but we were able to float this across the slush from 2 paychecks. + +Interest in this class C area was high, and I posted here about the large amount of interest we got, although from a series of not-the-greatest applicants; but the ones we selected signed a 2 year lease and have, over the limited time of the last 2 months, paid on time and only done one stupid thing to the property that was easily fixed. The monthly CoC return on this property is about 30%. + +We live pretty frugally, so we've built our savings back up to the point where 15% on another similarly-priced rental property in the same neighborhood would consume our entire savings, but should we want to solidify those funds, we could technically afford to push forward on a second one. My question to you all is... should we? Is buying now a smart move, even if it consumes all of our cash savings (we have stocks and CDs and stuff we could liquefy if our personal shit hit the fan), or should we wait for what some people predict is a dip/crash in the next 12-18 months? Or should we wait until our cash savings is a little more bulky and/or we have more than 2 months' experience in this game before deciding if we want to move forward? + +Thanks for any and all feedback. +Just to give some context here, we bought a 70-unit gated apartment complex here in SoCal about 2 years ago and are attempting to self-manage. We’ve had 3 property managers since then (found on Craigslist) that have turned out to be duds (drug problems, not showing up to work, etc). + +What reputable job search platforms have you all used, other than craigslist, that has helped you find quality candidates? +Trying to figure out what to list at for a house that pulls in $3600/month. How much would a cash investor offer roughly? + +Of course there are so many factors. But what does the raw math say? I can't figure out the formula :) + +Some details: +In Austin, TX +Comps around $500k +4/2 with stable tenants (rented for 4 yrs now and no vacancies) +Leases up in June + +The market here is insane rn so I'm trying to figure out the bottom price range that just makes sense for an investor with cash. House are going for $100k over asking with 50+ offers. So the upper limit is tricky to estimate. + +Thanks all! +Guten Morgen to this global band of Apes! 👋🦍 + +Thank you to everyone who joined us for the extended session of Diamantenhände yesterday. +Your participation makes it all so very worthwhile. + +Apes, I have no idea how to even attempt to predict how these next few weeks will unfold. +Crypto is incredibly volatile, oscillating wildly on its downward slide. +International markets are moving in unprecedented ways. +The Fed is taking drastic measures against inflation. + +And GameStop is on the verge of launching the NFT marketplace. + +While many anticipated another round of deep discounts for GME as the broader markets collapse, it has been resistant to the crash. +With borrow rates continuing to be high, it is clear that the SHFs have not given up. +They will continue to fight until they cannot. +DRS remains our surest method to keep the pressure on them. +They cannot defeat the power of our Diamantenhände. + +Today is Tuesday, June 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$137.73 / 130,95 €** *(volume: 1202)* +- 🟩 115 minutes in: $137.86 / 131,08 € *(volume: 998)* +- 🟥 110 minutes in: $136.13 / 129,44 € *(volume: 696)* +- 🟥 105 minutes in: $136.20 / 129,50 € *(volume: 536)* +- 🟩 100 minutes in: $136.22 / 129,53 € *(volume: 536)* +- 🟥 95 minutes in: $136.08 / 129,39 € *(volume: 536)* +- 🟩 90 minutes in: $136.27 / 129,57 € *(volume: 488)* +- 🟥 85 minutes in: $135.94 / 129,26 € *(volume: 483)* +- 🟥 80 minutes in: $135.95 / 129,27 € *(volume: 483)* +- 🟩 75 minutes in: $136.02 / 129,33 € *(volume: 473)* +- 🟥 70 minutes in: $135.93 / 129,25 € *(volume: 469)* +- 🟩 65 minutes in: $135.97 / 129,28 € *(volume: 469)* +- 🟥 60 minutes in: $135.88 / 129,20 € *(volume: 463)* +- 🟩 55 minutes in: $135.92 / 129,24 € *(volume: 448)* +- 🟩 50 minutes in: $135.88 / 129,20 € *(volume: 448)* +- 🟥 45 minutes in: $135.78 / 129,11 € *(volume: 446)* +- 🟥 40 minutes in: $135.84 / 129,16 € *(volume: 441)* +- 🟥 35 minutes in: $135.93 / 129,25 € *(volume: 413)* +- 🟩 30 minutes in: $136.52 / 129,81 € *(volume: 295)* +- 🟥 25 minutes in: $136.49 / 129,78 € *(volume: 294)* +- 🟥 20 minutes in: $136.68 / 129,96 € *(volume: 211)* +- 🟥 15 minutes in: $136.70 / 129,98 € *(volume: 211)* +- 🟩 10 minutes in: $136.74 / 130,01 € *(volume: 203)* +- 🟩 5 minutes in: $136.47 / 129,76 € *(volume: 203)* +- 🟩 0 minutes in: $136.20 / 129,50 € *(volume: 98)* +- 🟩 US close price: $135.14 / 128,50 € *($135.00 / 128,36 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0517. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I know other people have asked similar questions and the reasons given are normally loss through currency exchange rates and taxes on importing large amounts of money. However like I said in the title the primary currency for investment in Cambodia is USD and they have no taxes on money coming into the country for investment. So theoretically could I get a $1 million 3.5% p.a fixed term 3 year loan in the US and then invest that money into a fixed term high interest Cambodian account for 3 years at 7% p.a. This would result in a profit of $35,000 ($12,500 p.a) for almost no work and very little risk. + +This is assuming I'm a Cambodian resident alien (which I am) and a US citizen (which I'm not but my brother is) + +Note: These figures and knowledge of Cambodian tax law come from some quick Google research so there may be errors. I'm not too concerned about exact figures. More looking for proof of concept per se. + + Also I'm probably not going to do this as I doubt I'd be able to secure a million dollar loan at 23 with no collateral. But I was curious. + +Thank you personal finance. +I have learnt that with great rates comes great risk and this is probably not a good idea. Not that I was going to do it in the first place as this was merely hypothetical. I sincerely appreciate all the well thought out responses that recognized this was not a carry trade because the currency remained the same over the investment period which was the crux of my question. + +Thanks again for the advice. +Last September my girlfriend bought a 2008 Nissan Sentra from a shady used car lot in Latonia, KY (Time Auto Sales, avoid this place like the plague). They absolutely took advantage of her lack of information about cars/financing at the time and hosed her on a car loan. I wish I would have known her at the time and I would have strongly advised her against doing business with these shady used car lots, let alone purchasing this car. The car was in decent condition but had 100,000 miles on it, they sold the car her for $10,148 (which is more than TWICE what the car is worth) and financed it at an APR of 19.5%, bringing the total to $12,821 with interest. She is to make 128 payments of $100 until February of 2020, this equates to nearly $400 a month which is nearly a 1/3 of her income. To state the obvious, she cannot afford this. I make decent money and I would struggle to afford this. I don't know anyone whose monthly payment is this outrageous for a car, and if it is they are driving a high-end luxury car. She has been paying on the car for nearly a year now and still owes around $7.5k. + +We have looked into refinancing the car with Navy Federal (she is active Army Reserves), but they will not give her a loan because her payoff amount is more than what the car is worth (they valued the car at about $4k in its current condition). The car has about 136k miles on it and is starting to rack up some maintenance costs. The muffler is rusting out (this was something that was not disclosed to her at the time of purchase) and she is going to need her front breaks done soon. I am afraid she is going to be stuck in an awful situation where her car isn't going to last much longer and she is going to be on the hook for the payoff amount of her loan with no car to show for. + +Besides refinancing, does she have any other options? I know there are some crafty and savvy redditors our there, I would love for your advice/take on this situation. Thanks in advance! + +EDIT: I appreciate all the constructive feedback! I realize my girlfriend made an awful decision and I am not denying her ownership of what she did. After coaching her up, she now understands the significance of her mistake and the financial burden that it is weighing on her. + +I am going to have her start with reaching out to her chain of command at her reserve unit and see if she can get pointed in the right direction. In the meantime, all she can do is try to get this thing paid down and keep up with the maintenance on her car, this will require her to work more hours / pick up a 2nd part time job but she has to do what it takes. + +As a side note her ETS date is this September. She is considering re-upping her reserve contract for 3 more years and that comes with a 10k signing bonus, so this could potentially help. + +Again, I appreciate all the feedback, awesome community! +Tesla Inc. stock rallied 12% late Wednesday after the Silicon Valley car maker reported quarterly earnings that topped Wall Street views and set a goal to “comfortably” sell more than 500,000 vehicles this year. + +Tesla TSLA+2.49%  said it earned $105 million, or 56 cents a share, in the fourth quarter, compared with $140 million, or 78 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $2.14 a share, compared with $2 a share a year ago. + + +Revenue rose 2% to $7.4 billion, compared with $7.2 billion a year ago. + +Analysts polled by FactSet had expected the car maker to report adjusted earnings of $1.77 a share on sales of $7 billion. + +The after-hours share surge continued as Tesla hosted its conference call with investors, and a mention of potential delays in the Model 3 production in Shanghai due to the deadly coronavirus did nothing to temper investors’ enthusiasm. + +Full earnings call and updates from CEO Elon Musk + +https://youtu.be/QXojc7Ji0zU +Hi all, +I am about 6K off from maxing my TFSA contribution room, and am curious about RRSP. +I make about 56K a year pre tax. +I live at home, so my only expenses are cell phone bill and helping my family with groceries (and of course restaurants and personal stuff). +I’ve put about 36K into my TFSA this year, mostly tech and high risk stuff. +Once it’s maxed out, would it be smarter to start building an “emergency fund” or to start putting money into my RRSP? My company matches a % so I think that as a minimum I’ll do, but Is there a point to this year? What do you guys think! I plan to move out in 1-2 years, and do want to buy a house eventually lol. +Thanks! +Look, I get that some of you genuinely tried to transfer to another broker, but that legitimate gambling addiction that you have to the stonk market prevented you from closing out all your positions and letting your trades settle (even though if you did you probably wouldn't have lost 80% by FOMO'ing into weed). + +But by staying in Robinhood, you scream "Oh please daddy Vlad Tenev, please impale my asshole one more time like you did with Geee Emmm eeeEEEEE!!!" + +# Why you should use a real broker and stop using Robinhood: + +**Not being glued to a chart all day** + +How many of you have your eyes glued to a fucking chart all day long because Robinhood is mobile and looks cool? This seriously is not helping any of your positions. You're more likely to dump what might be a solid play too early because you're staring at the ticker and have TP hands and panic when SPY is down 1% for the day. Think about all the times where if you held a position for a little while longer you would've printed. Robinhood looks amazing as an app and keeps your eyes glued to the screen. If the sell button is right in front of you at all times, you're gonna be more likely to dump when you shouldn't. Get a broker with a shitty looking UI so you aren't glued to a chart all day. Trust me, your relationships and work will thank you. + +**Access to penny stocks** + +Ever want to trade OTC penny stocks and make some real bank? It might be a good thing that some people don't have access to them given the inherent risk. But for some unknown reason, RH makes it easy to yolo your whole life savings into 0DTE so penny stocks are pretty safe compared to the options you can trade. + +I wrote a DD on a penny stock on another subreddit and I got DMs about how to buy it on RH. Bruh please stop. Use a real broker. + +**Actual customer support** + +I haven't used Robinhood customer support for anything, but I've heard it's god awful. I'm gonna sound like a shill, but I've been using Schwab for the past six years and the customer support is amazing. + +**Instant transfers** + +Again, gonna sound like I work for Schwab or something (I wish). Schwab and many other big banks allow you to instant transfer from your checking/savings to your brokerage account with no limit. + +**Huge assets under management** + +Vanguard, Fidelity, and Schwab have 6.6, 3.3, and 3.23 trillion AUM. That's a lot of focken money. These brokers had no issues with the clearinghouses and did not limit trading on meme stocks. Gee Em Eeeeee would probably be 2000 if everyone used them. + +**Cool desktop/web apps** + +Wanna look like a cool badass trader to pickup bitches at your local library? Schwab has a FREE trading platform with many cool features like the dark pool block trades. Add fancy crayons and lines to your charts too! Not gonna lie this app probably makes it harder to stop looking at stonks all day thus defeating point number 1. + +[Stolen from google images](https://preview.redd.it/kco97ssy16i61.png?width=1920&format=png&auto=webp&s=ccb7623017890bb5a0ea17d471ea54bec64c0f19) + +**Cons of not using Robinhood**: + +I'm not blind to the pros of Robinhood. + +\- Looks cool + +\- Options are free (Schwab charges $0.65 per option contract) + +\- Easy to use + +&#x200B; + +So please, do yourself a favor and use a real broker :) +By "magical" I mean that if they have any secret formulas kind of stuff in them. + +I understand that it solely depends on the person who's learning and trading to make profit after any kind of courses. + +But I'm curious what these highly expensive paid courses have in them? If the people who are selling them are so sure that this strategy makes money, why aren't they using that same strategy to make more and more money and keep the strategy a secret? +Hello yall, + +I am a 22 year old who just got my first engineering job. I am comfortable with managing spending, but I really want to start creating a good roadmap for my future. Any advice you guys have would be greatly appreciated. Here is my current situation: + +I was making 30k right before this job. Really struggling financially to the point where I was on the Ramen diet. I now have a surplus of money and I want to get ready for my future like marriage and kid's college funds. I have been with my girlfriend for 7 years so all this is not too far down the pipeline. I honestly do not know how to react coming into more money than I am used to so I want to do things right to set myself up for success. My short term goals are to get a new car, and get engaged with a really nice moissanite ring for gf. Mid term is getting a house. Long term is kids college fund and retirement. + +- 75k / yr +- 612 combined FICO score +- $9972 $55 p/mo Student loan debt from 2 years of college +- $3570 $140 p/mo cc 24% interest +- $2309 $80 p/mo cc 19.7% interest +- $1237 $50 p/mo cc 0% 1 more month then 18% interest +- $320 $50 p/mo loan +- $983 $100 p/mo medical bill + +Monthly: + +- $750 rent including utils ( $1500 per mo split with gf ) +- $111 insurance auto +- $300 food +- $100 internet +- $200 misc +Health insurance paid 100% by company + +I understand that I am in a really good situation at such a young age so I want to make the best of it. Thanks in advance! + + +Edit: company matches 6% for 401k +I'm 17 and got my first job a while back and will be getting my first paycheck soon. I make $12.50 an hour and I don't know how much is going to he taken out in taxes, but I have a vague idea. + +My plan was to put 20% of what I get into a savings account I have. + +Is that a good amount to put in? +EDIT 1 (9/25): Institutional ownership has decreased over the past year from a high of 147% (of outstanding shares) to a low of around 50% today. That being said, the 30-35 million share estimate in this post is based on institutional ownership as of 9/23 and may not be accurate going forward. **Increases** in institutional ownership would require **less** retail direct shares to reach the “high score,” while **decreases** would require **more** DRS. I've made a new post that breaks down institutional ownership over the last 4 quarters: + +[https://www.reddit.com/r/Superstonk/comments/pvc54v/computershare\_numbers\_institutional\_ownership\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pvc54v/computershare_numbers_institutional_ownership_and/?utm_source=share&utm_medium=web2x&context=3) + +End of EDIT 1 + +&#x200B; + +TL;DR According to Bloomberg data, retail would need to Direct Register 30M to 35M shares for all shares to be accounted for in ComputerShare (CS). This assumes the Institutions have their shares DRS'd, which appears to be the case based on Criand's post (link and diagram below) and other discussions. Of course, some or all of those Institutional shares are part of the float. I am only trying to determine the current number of DRS in CS and how many more are needed before the outstanding shares are accounted for. Presumably, after all shares are accounted for in CS, legal action could be taken since any shares outside of CS could be identified as phantom shares. + +Criand's post: [https://www.reddit.com/r/Superstonk/comments/ptp3a4/thought\_id\_make\_some\_bad\_charts\_for\_you\_visual/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ptp3a4/thought_id_make_some_bad_charts_for_you_visual/?utm_source=share&utm_medium=web2x&context=3) + +Criand's flow diagram: + +https://preview.redd.it/rgaz4p692cp71.png?width=1061&format=png&auto=webp&s=edfb7ac01b09f8aacc150079e44ed2d2af19a052 + +&#x200B; + +&#x200B; + +My understanding is that, while Institutional shares are part of the float, they are Direct Registered shares. The only non-DRS shares are those peddled by brokers to retail. + +According to Bloomberg (BB), total outstanding shares is 76.5M. Matt Furlong said 75.9M the other day, but let's use BB's numbers to be conservative. + +https://preview.redd.it/jx3lajb6vbp71.jpg?width=1914&format=pjpg&auto=webp&s=723667af00b35bd21c5e7dc19c91443ebf0f68e3 + +&#x200B; + +&#x200B; + +Institutional Ownership is reported as 50.9%, so that's 39M shares DRS'd by Institutions. According to BB, Institutions include Venture Capital, so RC Ventures' shares (9M) are included here. Inside Ownership is reported as 3.43%, so that's 2.6M shares held by insiders. + +https://preview.redd.it/owurzn6xvbp71.jpg?width=1914&format=pjpg&auto=webp&s=d6f9d1009e4f2e0a12eecd82ce63aa33764f513f + +&#x200B; + +&#x200B; + +Here are the current Bloomberg Institutional Owners. There are 400, so I'm only including the first page. Note that the top line (total) of BlackRock (BR) shows 4.7M shares; however, BR Advisors alone holds 5.4M. I don't know how to reconcile the difference. I've exported the data to Excel and the 50.89% number above (39M shares) does NOT include the 5.4M. If BR Advisors is included, Institutional ownership goes to 58% (44.3M shares). I present BR historical holdings in the next picture to suggest why 58% (44.3M shares) may be more accurate. + +https://preview.redd.it/eeceqebbecp71.jpg?width=1896&format=pjpg&auto=webp&s=90872b4a4296390a3cc057c206b6a578203ff08d + +&#x200B; + +&#x200B; + +Here's BlackRock historical holdings Q2 2020 to current. As mentioned, only the top line (total) in Q3 2021 (4.7M shares) is included under Institutional ownership total numbers. I have no idea why the 5.4M is not part of the top line. In every quarter shown below, the top line is always larger than the sum of the subsets - except in Q4 2020 when it's equal to the subsets (checked in Excel). + +https://preview.redd.it/3by7vkzy3cp71.jpg?width=1746&format=pjpg&auto=webp&s=644c20694e9f090e6ceb7832de2f498873724748 + +&#x200B; + +Here are the Insider holdings. + +https://preview.redd.it/04uzx9on1cp71.jpg?width=1160&format=pjpg&auto=webp&s=34c514b91c554428ab3f5a94ebe126731e5a4df4 + +According to Bloomberg, total outstanding shares is 76.5M. + +BloomBerg Institutional Ownership = 50.9% to 58% (39M to 44.3M); Bloomberg reports 50.89% (39M), but BR Advisors (5.4M) is not included. + +Inside Ownership = 2.6M + +Current DRS in ComputerShare = 41.6M to 46.9M + +Outstanding Shares - Current DRS = 34.9M to 29.6M + +So, if 30M-35M more shares are DRS'd, total outstanding shares would be accounted for in ComputerShare. + +&#x200B; + +Edit: "Bloomberg data" instead of Bloomberg to clarify. Can't change title +I feel like there were recently some interesting posts about privilege, family, financial education/values and the impact these can have on people's likelihood to or desire to FIRE. I was just thinking about my own family and thought it'd be an interesting case study to help us better understand other's perspectives. + +&#x200B; + +Background: One parent is from well off-ish family (by the time I was born the wealth was more of a memory than a reality for the vast majority of this side). One parent is from a war torn third world country and moved to the US as a teen with very little support. We (siblings and I) grew up in a middle class to upper middle class town with good public schools, low crime, and mostly professional families. Our parents emphasized educational achievement (probably too much), provided an above average financial education, and demanded obedience. Offered to pay what they could for college. + +&#x200B; + +Parent 1 ended up a semi-disabled drug addict who lost control of their severe mental health issues and became abusive towards everyone in the family. Parent 2 ignored/tolerated/enabled this behavior from the time I was in elementary school until parent 1 died of an accidental overdose when we were all adults. Just hoping to point out that it we had some advantages and some disadvantages, like most people. + +&#x200B; + +Sibling 1: + +Likely inherited some of the family mental illness and also bore the brunt of parental abuse. Kicked out of the house as a minor, but parents still supported financially as they lived with relatives and finished high school. Graduated at the height of the financial crisis of 08 and their college fund, which was still invested, took a major hit. They enrolled in an out of state public school, did very poorly three semesters in a row, and transferred to a less expensive school once the college money ran out. Continued to struggle in school until dropping out after 6 years and working odd jobs with a lot of student loan debt ($40k). Grew up a bit, learned some independence, and returned to school to finish up a degree after a few years. Currently working in a semi-related field making decent money ($45k), working on getting the loans down ($20k today), and saving up for a house in a LCOL area. Current NW \~-15k. Lessons to be learned: college isn't right for every person right out of high school, addressing mental health and previous trauma is really important to moving forward, and you can totally make mistakes early in life and turn it around. + +&#x200B; + +Sibling 2: + +After sibling 1 was kicked out, parental abuse turned towards sibling 2 who dealt with it by working enough to support themselves and then heading off to college on a full ride, disconnecting from family (probably a good decision). Started roth IRA in high school and has always been a saver. Decided to go to expensive professional school funded by a now more robust college fund (having grown for several more years in a bull market), scholarships, and working. Graduated with significant debt but also married a high earner and all debt was paid off within 2 years. Currently in training making about $60k with pay expected to increase significantly after training is complete. Current NW \~$150k. Lessons to be learned: sometimes success is found by removing the things that hinder you. The right spouse can really help FIRE move along! + +&#x200B; + +Sibling 3: + +Largely ignored by parents. Went to in state college on a 50% scholarship, some covered by parents, some loans taken out ($20k total). Turned out to be very good at math, completed a bachelors and paid off masters before moving into corporate job making \~$85k. Paid off student loans quickly and was saving good money but also fell into life style inflation and some vices that had a negative effect on work. Also had some mental health issues to work out and was generally pretty unhappy in life. Recently decided to quit corporate and go back to school for a PhD with the hope of staying in academia. Current NW \~$80k (expected to go down through grad school as stipend is very low!). Lessons to learn: While NW is relatively low, it was enough for a single young person to essentially say "FU" to work and pursue something new. Money doesn't give you happiness but it does give you choices and hopefully you can choose to pursue the life you want. + +Have any of you similarly seen really divergent financial lives from people with similar backgrounds? How has your family/community shaped your FIRE journey? What have you seen to be people's biggest obstacles in reaching their ideal life (whether that involves FIRE or not)? + +EDIT: I am sibling 2, but you all seem to love sibling 3 a lot haha! +Generally my understanding of paying off a mortgage early is financially a bad idea. + +My background is stock trading which I am confident I could earn a higher return than the amount of interest I am paying, probably significantly. + +So I am sure there are tons of better places that money could go to earn you a higher return than you're paying an interest. + +I guess the reason I ask this is because I would feel more comfortable paying off and additional 20% of my principal and then just going on monthly payments from there. + +Right now I Still owe 80% LTV so my interest payments are at their highest point. +Guten Tag to this global band of Apes! 👋🦍 + +Fifty Percent. + +Apes have now DRSed fifty percent of the free float of GME. +While there is still a huge number of shares yet to be locked away at ComputerShare, this is a huge moment in this movement. +It was around one year ago that the DRS movement really began in earnest, and in that year we have reached this point. +If there was any doubt about the power of the Apes, I hope that this erases it from your mind. + +As incredible as this is, even more so is the relatively low percentage of shares that I believe end up getting DRSed. +We've seen efforts along the way to allow Apes who have purchased through retirement funds to DRS, but as yet this is not possible for many. +No matter how easy the process is, there are many who have not yet called their broker to initiate the process. +There are some who have succumbed to the anti-DRS FUD, and have chosen not to send their shares to safety at ComputerShare. +And despite all of our efforts, there are surely many GME HODLers who still do not know what DRS is or have enough information to act. + +I remain hopeful as ever. +I am quite certain that Apes HODL well over the float, and our DRS momentum is going to continue well into the future. +As we await the next quarterly report and accompanying 'official tally' of shares at ComputerShare, please continue to support this movement. +We have seen the impact that removing our shares has had, particularly in the past few months. +Borrow rates are incredibly high. +The price, while clearly manipulated, continues to exert pressure on the SHFs. +As each share reaches safety, the tools at their disposal become less effective. +Diamantenhände will overcome. + +Today is Wednesday, July 27th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$32.90 / 32,50 €** *(volume: 1854)* +- ⬜ 115 minutes in: $32.65 / 32,25 € *(volume: 1844)* +- ⬜ 110 minutes in: $32.65 / 32,25 € *(volume: 1625)* +- ⬜ 105 minutes in: $32.65 / 32,25 € *(volume: 1625)* +- ⬜ 100 minutes in: $32.65 / 32,25 € *(volume: 1593)* +- ⬜ 95 minutes in: $32.65 / 32,25 € *(volume: 1588)* +- ⬜ 90 minutes in: $32.65 / 32,25 € *(volume: 1464)* +- 🟩 85 minutes in: $32.65 / 32,25 € *(volume: 1334)* +- 🟥 80 minutes in: $32.65 / 32,25 € *(volume: 1224)* +- 🟥 75 minutes in: $32.65 / 32,25 € *(volume: 1174)* +- 🟥 70 minutes in: $32.65 / 32,25 € *(volume: 1160)* +- 🟥 65 minutes in: $32.69 / 32,28 € *(volume: 1148)* +- 🟥 60 minutes in: $32.90 / 32,50 € *(volume: 1121)* +- 🟩 55 minutes in: $32.90 / 32,50 € *(volume: 1086)* +- 🟥 50 minutes in: $32.90 / 32,50 € *(volume: 1079)* +- 🟥 45 minutes in: $32.92 / 32,51 € *(volume: 1068)* +- 🟥 40 minutes in: $32.97 / 32,57 € *(volume: 768)* +- 🟥 35 minutes in: $33.06 / 32,66 € *(volume: 678)* +- 🟩 30 minutes in: $33.07 / 32,66 € *(volume: 677)* +- 🟩 25 minutes in: $33.07 / 32,66 € *(volume: 535)* +- 🟩 20 minutes in: $33.06 / 32,66 € *(volume: 535)* +- 🟩 15 minutes in: $33.05 / 32,64 € *(volume: 495)* +- ⬜ 10 minutes in: $33.02 / 32,62 € *(volume: 434)* +- 🟩 5 minutes in: $33.02 / 32,62 € *(volume: 420)* +- 🟩 0 minutes in: $33.01 / 32,61 € *(volume: 404)* +- 🟥 US close price: $32.43 / 32,03 € *($33.06 / 32,66 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0124. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +TLDR; Genetic therapy will render pharmaceuticals obsolete according to this TEDx talk. I'm about to ditch my pharma portfolio and it feels great. + +This discussion is based on the following TEDxBerlin talk: https://youtu.be/W3C23m71Yws + +According to the speaker (a pharmaceutical scientist as I've understood it), the pharmaceutical approach to disease is doomed to fail within our lifetime. More or less as the result of genetic therapy taking over pharmaceutical therapy. + +The speaker bases this on the fact that only 3% of all pharmaceuticals on the market are actual cures, with the remaining 97% only treating symptoms without dealing with the underlying cause. + +This is something that I've personally been talking about for the last 10 years, with pharma professionals and doctors, and they all just accept this fact. They say there's not much we can do, but agree that it sucks that we basically have no cures. + +Since curing disease, rather than just treating the symptoms, should be the ultimate goal of life science, it is only a question of time until scientists unlock a new tool that can start curing diseases. + +Genetics have long been the main contender in this field. With the recent advancements in CRISPR/CAS9, it's for the first time very likely that genetic therapy could actually become an everyday thing. And for the first time, this will allow doctors to cure and fix the underlying cause rather than just hide the symptoms. + +Why would we need the majority of pharmaceutical products if this becomes reality? I.e., what's the role of pharmaceutical companies in the future? + +My inner voice has been telling me to move away from pharma investments and look more into biotech and genetics specifically. Until now, it's been a tough move, emotionally. But with CRISPR/CAS9 on the horizon, and the insights from the TEDx talk, I actually feel comfortable in ditching all of my pharma stocks completely. + +It's a damn good feeling. But of course, I'm open for a healthy dose of criticism. +I got into crypto a few months ago with the intent of making gains long term. I knew it wouldn't happen over night. Sure, I have made some gains since I got in... but not enough to make a difference in my life. That kind of thing takes time. + +Now comes along Safemoon and it's many MANY knockoffs. Everybody is now looking for the next get-rich-quick coin. It has created an impatient mentality in the space that is not good at all. People are dropping money they can't afford to lose on shitty coins that are just Safemoon clones... and they are losing. + +People need to understand that, while there are outliers, earning on an investment takes time. If you're the type person seriously asking 'When moon?' or 'When Lambo?'... then you need to rethink your view of cryptocurrency. Life changing wealth does not happen in an instant. +YOLO'd all the money I've saved over the past few years into $GME calls, using 20:1 leverage. I can't see how this could possibly go wrong. If I lose this money I'm basically fucked. So yeah wish me luck guys... If I go down I will go down with pride! + + +https://imgur.com/a/EYQ8F4i + + +UPDATE!!!: SOLD, 7K PROFIT LET'S FUCKING GO + + +https://imgur.com/a/jvP84Vl + +https://imgur.com/a/mzDYp2f +[https://slate.com/business/2022/06/wife-stay-at-home-work-financial-advice.html](https://slate.com/business/2022/06/wife-stay-at-home-work-financial-advice.html) + +Six months or so ago I wrote into Slate's Pay Dirt column. They never notified me that my question was posted, so I only noticed it when I stumbled across it a month or so ago. + +>**Dear Pay Dirt,** +> +>How can I convince my spouse that we can and should retire early? I’ve been married for 20 years, and from day one my wife and I shared a natural frugality. We didn’t even have a reason for some of the frugal (and cheap) things we did, such as setting the thermostat uncomfortably low or declining to go out with friends because of the cost. Over time, we’ve managed to loosen the purse strings and live a much more comfortable life, but our incomes grew even faster than our spending. We’re sitting on a $3 million pile at this point, not even counting home equity or the six-figure 529 college savings accounts we have for our kids. At some point, I discovered the concept of early retirement and later the financial independence, retire early (FIRE) movement. Based on even an extra safe 3.33 percent “safe withdrawal rate,” we can support our current lifestyle indefinitely. +> +>But it turns out that while my spouse and I were on the same page when it came to saving money, when it comes to no longer earning it, we’re at loggerheads. I can’t see why we should keep working for money we no longer need. She can’t see why I would want to stop working when we don’t have a specific plan for what we’ll do with our time. I feel like I can’t even come up with a plan when all my time is more than allocated between work, trying to keep up with chores, raising kids, and a million other obligations. I’ve been working on convincing her to +> +>ADVERTISEMENT + +1. Go part-time herself2. Enthusiastically agree that I can go part-time, even though it’s nearly impossible to do in my industry3. Take three, maybe six months off + +>She’s explicitly disagreed with anything approaching a year, never mind permanent. To add one more complication, I love spreadsheets, but any numbers make her eyes glaze over. Do you have any advice on how I can get through to my spouse? Or otherwise improve my situation? +> +>—Fe FIRE FOMO Fun +> +>**Dear FOMO Fun,** +> +>Your wife needs to understand that you may not have the same feelings toward work and leisure and that you both need to be satisfied with how you choose to live your lives. She may enjoy working, and the idea of having lots of free time might create some anxiety for her. But she needs to understand that you want free time and are not as attached to work. +> +>It may help to see a financial planner together so that you can make sure you’re on the same page about the financial implications of retiring early. Even if your wife hates numbers, she can probably focus on a third-party expert who will explain to her what early retirement means in terms of what you’ll be able to afford to do. They can help ease any anxiety she has about potential financial insecurity. You can also use the opportunity to, at the very least, set a goal for retirement by a certain point. +> +>You also don’t have to retire at the same time, and if you hate it, there’s nothing to stop you from going back to work. Around 1.5 million retirees unretired last year and [reentered the labor market](https://www.washingtonpost.com/business/2022/05/05/retirement-jobs-work-inflation-medicare/). It may help to argue for a “trial” retirement—like taking an extended period of time off—with the intention of revisiting the issue a few months in. +> +>Regardless, your wife shouldn’t try to force you to work when you don’t need to, and you shouldn’t force her to stop working if she doesn’t want to. +> +>Now is the time to have a conversation about what you both think retirement actually looks like for you, and what you want to do with it. That doesn’t mean you have to come up with a formal plan, but you should both have a sense of what your lives will look like once you are retired. The process of discussing this will help your wife envision the opportunities for you to enjoy retirement together more concretely, and it won’t seem to her like a vast abyss of having nothing to do. + +I had also asked this question here on FI, with what I considered mixed results, but different from the answer in the column and definitely different from the commenters on the column. + +To try to summarize some of the comment threads: (most of the comments are about other letters in the article and not mine.) + +* Arguing about whether $3 million is or isn't a lot of money. The majority opinion was that it is not. +* A whole bunch of people channeling Suze Orman's "I hate it I hate it I hate it" rant. "You'll regret retiring early when you or a loved one gets Alzheimer's and moves into a memory care unit that costs $25k/month!" +* One person said I should divorce my spouse and go live in a van down by the river. +* A few commenters basically accusing me of being controlling for trying to convince my spouse of something? +* "You're too old to be taking financial "advice" from Reddit" +* Very few commenters connected my letter to another letter in the column about someone at retirement age with $7 million who couldn't bring themselves to retire. Nobody explicitly drew the connection between "couldn't bring self to retire in 40s with $3m" and "couldn't bring self to retire in 60s with $7m." There are admittedly differences between the two situations, but I'd argue it's pretty much a straight (or hopefully upwardly curved) line of net worth over time between those two points. +I have no debt/rent to pay. + +The current job: + +- I have no interest whatsoever in the career path + even if i had any, I know eventually someday i will have a breakdown. ( I actually would rather stay in my currwnt position than be promoted because of the stress I'm seeing on my supervisors). + +- The pay is fairly good. + +- The hell to any personal goals/life goals if I stay ( Owning a decent business/ learning and growing / traveling) + + + +The other job. + +- Has less hours ( which will let me to focus more on my business ) and more vacation time. + +- salary is less by 30% from my current one. + +- Its not in customer service, its administrative work. + + +The only downside with the new job is that there is no much room for improvement/promotions. + + +What do you think ? + +Edit: more info + +Edit 2: I have read every single comment that you guys made. Thank you everyone. They really made a difference. + + + +Were not sure what to do but we have a few ideas. Our goal is to have $100k in savings by December and to take out a loan & purchase a home but were not sure how big of a loan to take out, where to purchase or whether or not to move in or rent it out. + +We currently live in western sydney with my family who are happy for us to stay there rent free as long as we need. We think we want to eventually live in the central coast (it's cheap and more relaxed than here), but not 100% sure yet, so were not sure whether or not to buy there and move in straight away. + +The other option we were thinking of is to buy a 300-400k house somewhere cheap in western sydney (mt druitt area) and rent it out until we figure out where we want to live permanently, so at least were in the market early and making some extra money as we both dont make crazy income (he makes under $40k, but looking to change jobs and I'm recently self employed as a personal trainer so money is up & down right now) + +Another bit of info (not sure if relevant) is that were going on a 2 week euro trip this year, so were looking at about 8-10k being spent for that total. + +Any advice is helpful, feel free to ask more questions as needed. +I wanna start by saying I'm fairly new in the world of trading. Over the past \~8 months, I've been trading crypto. For the most part of which, I have lost - I can't even count the number of times I've been liquidated trading futures on crypto. Much of which was because I was trying to copy a strategy I found on Youtube, using too much leverage, and basically never sticking to my plan i.e. not letting my profits run until my target tp, letting losses go waaaay below my supposed sl, etc. But for the past two months I've been building my system and have been more disciplined when it comes to following my trading plan, thus now being profitable. I've also come to the realization that it isn't worth it trading crypto, after all, if I simply invested my money into it and started hodl'ing, I'm pretty sure I'm gonna turn a larger profit over the long run versus actually trying to trade it. Which is why I've finally decided that it's time I started trading on Forex. For the most part, I have enjoyed trading and still wanna pursue it fulltime. I've also been studying Forex for a couple of weeks now. I've just recently opened a live trading account with Capital.com although I'm not so sure about whether or not it's actually a good broker. +Anyway, to cut it short, would you guys recommend Capital.com? Is it any good? Or should I look for a better broker, if so, what would you guys suggest? Also, if you guys have any advice for a beginner in Forex, I'd greatly appreciate that. +Hey guys! + +I’m interested it find out what sort of P/L % you guys average per month? I’m on a demo account and have been making some really good gains but don���t know if I’m living in a wonderland or if the sort of % gain that I keep hitting is realistic to be consistent. +The site is [Tendiechart.com](https://www.tendiechart.com/) + +Right now it tracks every option available for stocks in the S&P 500 and is updated hourly. unusual volume hourly also. + +Coming soon: + +Working on adding hourly volume alerts right now. +Saving each unusual volume day so we can see history (10 day maybe) of the performance of unusual options. +Adding more stonks to track. + +Other ideas? +It's true that unless you are incredibly lucky, success will only come from hard work. Despite what many of are told growing up, or by those more fortunate than ourselves, the reverse is not always true. Just because you work hard, doesn't mean you will be recognized or rewarded. It doesn't automatically get you a promotion or a better job or anything at all. If you walk around believing that working hard will get you everything you want, you are in for a lot of hurt. The world is not that fair. A lot of the bitterness I see from people late in life, while working menial jobs, trying to overcome a hardship, comes from this basic belief they hold and it's simply not true. Letting it go can only benefit you. + +Anecdotally, I can give you a few tales. I was in the National Guard for 7 years. I earned 5 awards, volunteered for everything, worked full time for 2 years a coveted position and earned several It certs. I did payroll, appointment scheduling, dealt with medical records, radios, anntena, servers, IT security, all kinds of great skills. I was there first, left last, had a positive attitude and busted my ass. Guess what that got me? A job at Dairy Queen. But I persisted. I was there first, left last, had a positive attitude and busted my ass. I never called in sick. Showed up for work the day after my mother died without saying a word. Guess what that got me? My boss gave me a bad reference for Fred Meyer, because she couldn't afford to let me go. I could go on. + +Every promotion and what not I've had has been from hardwork, don't get me wrong. The trick is not expect it and not get your feelings hurt when things don't work out that way. Also, take care of yourself. You don't know that skipping your Moms funeral will get you noticed so if it's important to you, call in. If your kid really is sick or hurt real bad and you're scared, call in and go to the ER with them instead of having your neighbor take them. Don't sacrifice your health and family, despite everyone giving you their best "bootstraps" spiel. Hard work is not a guarantee for anything. Set your priorities and keep them. +I started #thetagang reasonably recently (i.e. 6-9 months ago) and first started closing trades at 50% of profit, a la the TT method, which seems popular on this forum. + +I understand that a lot of people manage their margin requirements very closely and as a result always roll rather than take assignment. If that's you, then this post doesn't really apply. + +Others (like me) only really use 20-40% BPu and just take assignment when puts move against you. If that's the case, what's the point closing at 50% if you still like the company? Here are my thoughts: + +\- I'm willing to take assignment, and can take assignment of all my puts at the same time if need be + +\- The only problem with gamma risk is that it can take you from OTM to ITM very quickly towards expiry + +\- However, covered calls and short-puts are synthetically the same. So if you don't mind taking assignment, why bother close your trade simply for gamma risk? You can just take assignment of the put and sell a CC. + +\- Your hit rate would be lower, but I think your overall profits would be higher because you're devouring those final weeks of theta, which can be very lucrative. + +Any one mind pointing out something I might not be seeing? + +Again, if you're worried about assignment, then I appreciate the above doesn't apply because gamma risk obviously raises your chances of assignment. +I took the price of each index on January 1st of each year. I then calculated the percentage change per year for each year. I assumed these percentage changes per year were random and represented samples from the true distribution of percentage changes per year (assuming such a distribution exists). Next, I sampled with replacement 30 years of percentages changes and calculated what $x would be worth 30 years later. I repeated this process 10\^6 times. + +For the NASDAQ-100, I took all the available data, from January 1st 1986 to January 1st 2020. For the S&P 500, I also took all available data, from January 1st 1928 to January 1st 2020. However, I also restricted the dataset to start from January 1st 1986 in order to compare it to the NASDAQ-100. Here are the results for 10\^6 investments, all over 30 years: + +NASDAQ-100 + +Minimum yearly return: -11.98% + +Mean yearly return: 16.95% + +Median yearly return: 13.29% + +Maximum yearly return: 43.36% + +5th percentile yearly return: 4.47% + +1st percentile yearly return: 0.87% + +S&P 500 (1928 to 2020) + +Minimum yearly return: -13.81% + +Mean yearly return: 7.72% + +Median yearly return: 5.95% + +Maximum yearly return: 22.43% + +5th percentile yearly return: -0.42% + +1st percentile yearly return: -3.15% + +S&P 500 (1986 to 2020) + +Minimum yearly return: -9.63% + +Mean yearly return: 9.73% + +Median yearly return: 8.50% + +Maximum yearly return: 21.46% + +5th percentile yearly return: 2.97% + +1st percentile yearly return: 0.54% + +I repeated the analyses a few times to check that the results were robust, which they were. + +This bootstrap analysis relies on some admittedly dubious assumptions. It relies on the assumptions that there is some "true" distribution of percentage changes per year, that percentage changes per year are random, independent and all come from the same distribution and that past performance is an indicator of future performance, which of course may not be accurate. + +Edit: Oops! I accidentally bootstrapped without replacement, when I wanted to bootstrap with replacement. I have fixed this now. + +Edit: Histograms here: [https://imgur.com/a/TfHClrV](https://imgur.com/a/TfHClrV). +I've been investing in real estate since the beginning of the the recovery from the 2009 mortgage crisis. With prices as high as they are now, and mortgage rates increasing, I'm consid selling a property or two and holding cash because cash is king in a crash... So here's my question, when do we think the next bubble will pop? Or do we think inflation and subsequent devaluation of the dollar will outpace and potential market crash? It's gotta be one or the other. Thoughts? +I bought my house in 2013. In 2016 I relocated out of state for work, and have been renting my house out ever since. Even with a property manager sometimes I still get stressed being a landlord, so I've been considering selling the property. + +Market value is around $550k, with a remaining loan of $60k. Monthly rent is $1800. + +The appreciation has been great. I have positive cash flow, but I'm not leveraging my money much at all (disappointing with interest rates still relatively low), and that doesn't take into account vacancies or repairs (spent $15k on AC units a couple years ago!). I didn't increase rent last year in order to retain the current tenants. Also seems like the rental rates are lagging housing prices, so hopefully rent could be increased more in the future. + +The majority of my investments are in the stock market, so it's nice having this rental property to diversify. I thought about doing a 1031 exchange, but I'm not sure that would resolve any stress issues still being a landlord, so I'd probably end up just paying the capital gains tax and putting the money in the stock market. + +From other posts that I've read about properties in Austin, the market is expected to remain hot, and there is a resounding "do not sell". I'm just trying to convince myself whether or not that this is a good investment and it's worth the added stress. +Hey guys, I may be new to Reddit but I’ve been a professional reader/browser for years! 😆 So the time has come for me to ask for advice. I currently own a few multi-families with some owned outright, others with low balances and most just purchased with 20% down. Overall it’s a decent portfolio, one county and best of all generates great passive income. No complaints. Now I’m presented with an opportunity to go in with a partner (good trusted friend) on a new construction multi-complex unit. Long story short, the talk is I’ll double my net, but I would need to cash out on my current real estate. Reason being, I don’t believe in putting all my eggs in one basket and so I don’t want to pull out from my other investments that are generating anywhere from 8-30%. Appreciate the help ahead of time! + +EDIT: My multi-families would net about $1 mil when sold which is what I need to go in with. Currently netting about $120k/yr in passive income from them. + +Proposed complex is a 60-unit new construction that will cost about $4.5 mil to build. We are expecting $1,200/pop. Everything considered, this would net each one of us $250k/yr. + +One big plus is he has the commercial lot and isn’t charging me anything for it. +**TLDR FOR THE CHIMPS: HOLY SHIT A SCRIPT ON HOW TO DESTROY A COMMUNITY, SURE WOULD HATE FOR THIS TO JUST BE CASUALLY LEFT OUT IN THE O- WHOOOOOOOOOOOOOOOOOOOPS** + + + + +[JUST TAKING OUT THE TRASH, DON'T MIND THESE PAPERS I DROPPED](https://preview.redd.it/ldcbcpyi9tu61.png?width=512&format=png&auto=webp&s=aac2a54254a15b23bfdb93b11b3c319c65373d29) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +1. COINTELPRO Techniques for dilution, misdirection and control of a internet forum +2. Twenty-Five Rules of Disinformation +3. Eight Traits of the Disinformationalist +4. How to Spot a Spy (Cointelpro Agent) +5. Seventeen Techniques for Truth Suppression + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +COINTELPRO Techniques for dilution, misdirection and control of a internet forum.. + +There are several techniques for the control and manipulation of a internet forum no matter what, or who is on it. We will go over each technique and demonstrate that only a minimal number of operatives can be used to eventually and effectively gain a control of a 'uncontrolled forum.' + +**Technique #1 - 'FORUM SLIDING'** + +If a very sensitive posting of a critical nature has been posted on a forum - it can be quickly removed from public view by 'forum sliding.' In this technique a number of unrelated posts are quietly prepositioned on the forum and allowed to 'age.' Each of these misdirectional forum postings can then be called upon at will to trigger a 'forum slide.' The second requirement is that several fake accounts exist, which can be called upon, to ensure that this technique is not exposed to the public. To trigger a 'forum slide' and 'flush' the critical post out of public view it is simply a matter of logging into each account both real and fake and then 'replying' to prepositined postings with a simple 1 or 2 line comment. This brings the unrelated postings to the top of the forum list, and the critical posting 'slides' down the front page, and quickly out of public view. Although it is difficult or impossible to censor the posting it is now lost in a sea of unrelated and unuseful postings. By this means it becomes effective to keep the readers of the forum reading unrelated and non-issue items. + +**Technique #2 - 'CONSENSUS CRACKING'** + +A second highly effective technique (which you can see in operation all the time at [www.abovetopsecret.com](http://www.abovetopsecret.com/)) is 'consensus cracking.' To develop a consensus crack, the following technique is used. Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most like develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.' + +**Technique #3 - 'TOPIC DILUTION'** + +Topic dilution is not only effective in forum sliding it is also very useful in keeping the forum readers on unrelated and non-productive issues. This is a critical and useful technique to cause a 'RESOURCE BURN.' By implementing continual and non-related postings that distract and disrupt (trolling ) the forum readers they are more effectively stopped from anything of any real productivity. If the intensity of gradual dilution is intense enough, the readers will effectively stop researching and simply slip into a 'gossip mode.' In this state they can be more easily misdirected away from facts towards uninformed conjecture and opinion. The less informed they are the more effective and easy it becomes to control the entire group in the direction that you would desire the group to go in. It must be stressed that a proper assessment of the psychological capabilities and levels of education is first determined of the group to determine at what level to 'drive in the wedge.' By being too far off topic too quickly it may trigger censorship by a forum moderator. + +**Technique #4 - 'INFORMATION COLLECTION'** + +Information collection is also a very effective method to determine the psychological level of the forum members, and to gather intelligence that can be used against them. In this technique in a light and positive environment a 'show you mine so me yours' posting is initiated. From the number of replies and the answers that are provided much statistical information can be gathered. An example is to post your 'favourite weapon' and then encourage other members of the forum to showcase what they have. In this matter it can be determined by reverse proration what percentage of the forum community owns a firearm, and or a illegal weapon. This same method can be used by posing as one of the form members and posting your favourite 'technique of operation.' From the replies various methods that the group utilizes can be studied and effective methods developed to stop them from their activities. + +**Technique #5 - 'ANGER TROLLING'** + +Statistically, there is always a percentage of the forum posters who are more inclined to violence. In order to determine who these individuals are, it is a requirement to present a image to the forum to deliberately incite a strong psychological reaction. From this the most violent in the group can be effectively singled out for reverse IP location and possibly local enforcement tracking. To accomplish this only requires posting a link to a video depicting a local police officer massively abusing his power against a very innocent individual. Statistically of the million or so police officers in America there is always one or two being caught abusing there powers and the taping of the activity can be then used for intelligence gathering purposes - without the requirement to 'stage' a fake abuse video. This method is extremely effective, and the more so the more abusive the video can be made to look. Sometimes it is useful to 'lead' the forum by replying to your own posting with your own statement of violent intent, and that you 'do not care what the authorities think!!' inflammation. By doing this and showing no fear it may be more effective in getting the more silent and self-disciplined violent intent members of the forum to slip and post their real intentions. This can be used later in a court of law during prosecution. + +**Technique #6 - 'GAINING FULL CONTROL'** + +It is important to also be harvesting and continually maneuvering for a forum moderator position. Once this position is obtained, the forum can then be effectively and quietly controlled by deleting unfavourable postings - and one can eventually steer the forum into complete failure and lack of interest by the general public. This is the 'ultimate victory' as the forum is no longer participated with by the general public and no longer useful in maintaining their freedoms. Depending on the level of control you can obtain, you can deliberately steer a forum into defeat by censoring postings, deleting memberships, flooding, and or accidentally taking the forum offline. By this method the forum can be quickly killed. However it is not always in the interest to kill a forum as it can be converted into a 'honey pot' gathering center to collect and misdirect newcomers and from this point be completely used for your control for your agenda purposes. + +**CONCLUSION** + +**Remember these techniques are only effective if the forum participants DO NOT KNOW ABOUT THEM.** Once they are aware of these techniques the operation can completely fail, and the forum can become uncontrolled. At this point other avenues must be considered such as initiating a false legal precidence to simply have the forum shut down and taken offline. This is not desirable as it then leaves the enforcement agencies unable to track the percentage of those in the population who always resist attempts for control against them. Many other techniques can be utilized and developed by the individual and as you develop further techniques of infiltration and control it is imperative to share then with HQ. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Twenty-Five Rules of Disinformation + +*Note: The first rule and last five (or six, depending on situation) rules are generally not directly within the ability of the traditional disinfo artist to apply. These rules are generally used more directly by those at the leadership, key players, or planning level of the criminal conspiracy or conspiracy to cover up.* + +**1.** Hear no evil, see no evil, speak no evil. **Regardless of what you know, don't discuss it** \-- especially if you are a public figure, news anchor, etc. If it's not reported, it didn't happen, and you never have to deal with the issues. + +**2. Become incredulous and indignant.** Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the 'How dare you!' gambit. + +**3.** Create rumor mongers. **Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild accusations.** Other derogatory terms mutually exclusive of truth may work as well. This method which works especially well with a silent press, because the only way the public can learn of the facts are through such 'arguable rumors'. If you can associate the material with the Internet, use this fact to certify it a 'wild rumor' from a 'bunch of kids on the Internet' which can have no basis in fact. + +**4. Use a straw man.** Find or create a seeming element of your opponent's argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues. + +**5. Sidetrack opponents with name calling and ridicule.** This is also known as the primary 'attack the messenger' ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as 'kooks', 'right-wing', 'liberal', 'left-wing', 'terrorists', 'conspiracy buffs', 'radicals', 'militia', 'racists', 'religious fanatics', 'sexual deviates', and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues. + +**6.** Hit and Run. In any public forum, **make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded**, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism, reasoning -- simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent's viewpoint. + +**7.** Question motives. **Twist or amplify any fact which could be taken to imply that the opponent operates out of a hidden personal agenda or other bias.** This avoids discussing issues and forces the accuser on the defensive. + +**8.** Invoke authority. **Claim for yourself or associate yourself with authority and present your argument with enough 'jargon' and 'minutia' to illustrate you are 'one who knows'**, and simply say it isn't so without discussing issues or demonstrating concretely why or citing sources. + +**9.** Play Dumb. No matter what evidence or logical argument is offered, **avoid discussing issues except with denials they have any credibility**, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect. + +**10. Associate opponent charges with old news.** A derivative of the straw man -- usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with - a kind of investment for the future should the matter not be so easily contained.) Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually then be associated with the original charge and dismissed as simply being a rehash without need to address current issues -- so much the better where the opponent is or was involved with the original source. + +**11.** Establish and rely upon fall-back positions. **Using a minor matter or element of the facts, take the 'high road' and 'confess' with candor that some innocent mistake, in hindsight, was made** \-- but that opponents have seized on the opportunity to blow it all out of proportion and imply greater criminalities which, 'just isn't so.' Others can reinforce this on your behalf, later, and even publicly 'call for an end to the nonsense' because you have already 'done the right thing.' Done properly, this can garner sympathy and respect for 'coming clean' and 'owning up' to your mistakes without addressing more serious issues. + +**12.** Enigmas have no solution. Drawing upon the overall umbrella of events surrounding the crime and the multitude of players and events, **paint the entire affair as too complex to solve**. This causes those otherwise following the matter to begin to lose interest more quickly without having to address the actual issues. + +**13.** Alice in Wonderland Logic. **Avoid discussion of the issues by reasoning backwards or with an apparent deductive logic** which forbears any actual material fact. + +**14.** Demand complete solutions. **Avoid the issues by requiring opponents to solve the crime at hand completely**, a ploy which works best with issues qualifying for rule 10. + +**15. Fit the facts to alternate conclusions.** This requires creative thinking unless the crime was planned with contingency conclusions in place. + +**16. Vanish evidence and witnesses.** If it does not exist, it is not fact, and you won't have to address the issue. + +**17. Change the subject.** Usually in connection with one of the other ploys listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can 'argue' with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues. + +**18. Emotionalize, Antagonize, and Goad Opponents.** If you can't do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how 'sensitive they are to criticism.' + +**19. Ignore proof presented, demand impossible proofs.** This is perhaps a variant of the 'play dumb' rule. Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon.) In order to completely avoid discussing issues, it may be required that you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance. + +**20.** False evidence. **Whenever possible, introduce new facts or clues designed and manufactured to conflict with opponent presentations** \-- as useful tools to neutralize sensitive issues or impede resolution. This works best when the crime was designed with contingencies for the purpose, and the facts cannot be easily separated from the fabrications. + +**21.** Call a Grand Jury, Special Prosecutor, or other empowered investigative body. **Subvert the (process) to your benefit and effectively neutralize all sensitive issues without open discussion.** Once convened, the evidence and testimony are required to be secret when properly handled. For instance, if you own the prosecuting attorney, it can insure a Grand Jury hears no useful evidence and that the evidence is sealed and unavailable to subsequent investigators. Once a favorable verdict is achieved, the matter can be considered officially closed. Usually, this technique is applied to find the guilty innocent, but it can also be used to obtain charges when seeking to frame a victim. + +**22. Manufacture a new truth.** Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively. + +**23. Create bigger distractions.** If the above does not seem to be working to distract from sensitive issues, or to prevent unwanted media coverage of unstoppable events such as trials, create bigger news stories (or treat them as such) to distract the multitudes. + +**24. Silence critics.** If the above methods do not prevail, consider removing opponents from circulation by some definitive solution so that the need to address issues is removed entirely. This can be by their death, arrest and detention, blackmail or destruction of their character by release of blackmail information, or merely by destroying them financially, emotionally, or severely damaging their health. + +**25. Vanish.** If you are a key holder of secrets or otherwise overly illuminated and you think the heat is getting too hot, to avoid the issues, vacate the kitchen. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Eight Traits of the Disinformationalist + +**1) Avoidance.** They never actually discuss issues head-on or provide constructive input, generally avoiding citation of references or credentials. Rather, they merely imply this, that, and the other. Virtually everything about their presentation implies their authority and expert knowledge in the matter without any further justification for credibility. + +**2) Selectivity.** They tend to pick and choose opponents carefully, either applying the hit-and-run approach against mere commentators supportive of opponents, or focusing heavier attacks on key opponents who are known to directly address issues. Should a commentator become argumentative with any success, the focus will shift to include the commentator as well. + +**3) Coincidental.** They tend to surface suddenly and somewhat coincidentally with a new controversial topic with no clear prior record of participation in general discussions in the particular public arena involved. They likewise tend to vanish once the topic is no longer of general concern. They were likely directed or elected to be there for a reason, and vanish with the reason. + +**4) Teamwork.** They tend to operate in self-congratulatory and complementary packs or teams. Of course, this can happen naturally in any public forum, but there will likely be an ongoing pattern of frequent exchanges of this sort where professionals are involved. Sometimes one of the players will infiltrate the opponent camp to become a source for straw man or other tactics designed to dilute opponent presentation strength. + +**5) Anti-conspiratorial.** They almost always have disdain for 'conspiracy theorists' and, usually, for those who in any way believe JFK was not killed by LHO. Ask yourself why, if they hold such disdain for conspiracy theorists, do they focus on defending a single topic discussed in a NG focusing on conspiracies? One might think they would either be trying to make fools of everyone on every topic, or simply ignore the group they hold in such disdain.Or, one might more rightly conclude they have an ulterior motive for their actions in going out of their way to focus as they do. + +**6) Artificial Emotions.** An odd kind of 'artificial' emotionalism and an unusually thick skin -- an ability to persevere and persist even in the face of overwhelming criticism and unacceptance. This likely stems from intelligence community training that, no matter how condemning the evidence, deny everything, and never become emotionally involved or reactive. The net result for a disinfo artist is that emotions can seem artificial. + +Most people, if responding in anger, for instance, will express their animosity throughout their rebuttal. But disinfo types usually have trouble maintaining the 'image' and are hot and cold with respect to pretended emotions and their usually more calm or unemotional communications style. It's just a job, and they often seem unable to 'act their role in character' as well in a communications medium as they might be able in a real face-to-face conversation/confrontation. You might have outright rage and indignation one moment, ho-hum the next, and more anger later -- an emotional yo-yo. + +With respect to being thick-skinned, no amount of criticism will deter them from doing their job, and they will generally continue their old disinfo patterns without any adjustments to criticisms of how obvious it is that they play that game -- where a more rational individual who truly cares what others think might seek to improve their communications style, substance, and so forth, or simply give up. + +**7) Inconsistent.** There is also a tendency to make mistakes which betray their true self/motives. This may stem from not really knowing their topic, or it may be somewhat 'freudian', so to speak, in that perhaps they really root for the side of truth deep within. + +I have noted that often, they will simply cite contradictory information which neutralizes itself and the author. For instance, one such player claimed to be a Navy pilot, but blamed his poor communicating skills (spelling, grammar, incoherent style) on having only a grade-school education. I'm not aware of too many Navy pilots who don't have a college degree. Another claimed no knowledge of a particular topic/situation but later claimed first-hand knowledge of it. + +**8) Time Constant.** Recently discovered, with respect to News Groups, is the response time factor. There are three ways this can be seen to work, especially when the government or other empowered player is involved in a cover up operation: + +a) ANY NG posting by a targeted proponent for truth can result in an IMMEDIATE response. The government and other empowered players can afford to pay people to sit there and watch for an opportunity to do some damage. SINCE DISINFO IN A NG ONLY WORKS IF THE READER SEES IT - FAST RESPONSE IS CALLED FOR, or the visitor may be swayed towards truth. + +b) When dealing in more direct ways with a disinformationalist, such as email, DELAY IS CALLED FOR - there will usually be a minimum of a 48-72 hour delay. This allows a sit-down team discussion on response strategy for best effect, and even enough time to 'get permission' or instruction from a formal chain of command. + +c) In the NG example 1) above, it will often ALSO be seen that bigger guns are drawn and fired after the same 48-72 hours delay - the team approach in play. This is especially true when the targeted truth seeker or their comments are considered more important with respect to potential to reveal truth. Thus, a serious truth sayer will be attacked twice for the same sin. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +How to Spot a Spy (Cointelpro Agent) + +One way to neutralize a potential activist is to get them to be in a group that does all the wrong things. Why? + +**1)** The message doesn't get out. + +**2)** A lot of time is wasted + +**3)** The activist is frustrated and discouraged + +**4)** Nothing good is accomplished. + +FBI and Police Informers and Infiltrators will infest any group and they have phoney activist organizations established. + +Their purpose is to prevent any real movement for justice or eco-peace from developing in this country. + +Agents come in small, medium or large. They can be of any ethnic background. They can be male or female. + +The actual size of the group or movement being infiltrated is irrelevant. It is the potential the movement has for becoming large which brings on the spies and saboteurs. + +This booklet lists tactics agents use to slow things down, foul things up, destroy the movement and keep tabs on activists. + +It is the agent's job to keep the activist from quitting such a group, thus keeping him/her under control. + +In some situations, to get control, the agent will tell the activist: + +* "You're dividing the movement." + +\[Here, I have added the psychological reasons as to WHY this maneuver works to control people\] + +This invites guilty feelings. Many people can be controlled by guilt. The agents begin relationships with activists behind a well-developed mask of "dedication to the cause." Because of their often declared dedication, (and actions designed to prove this), when they criticize the activist, he or she - being truly dedicated to the movement - becomes convinced that somehow, any issues are THEIR fault. This is because a truly dedicated person tends to believe that everyone has a conscience and that nobody would dissimulate and lie like that "on purpose." It's amazing how far agents can go in manipulating an activist because the activist will constantly make excuses for the agent who regularly declares their dedication to the cause. Even if they do, occasionally, suspect the agent, they will pull the wool over their own eyes by rationalizing: "they did that unconsciously... they didn't really mean it... I can help them by being forgiving and accepting " and so on and so forth. + +The agent will tell the activist: + +* "You're a leader!" + +This is designed to enhance the activist's self-esteem. His or her narcissistic admiration of his/her own activist/altruistic intentions increase as he or she identifies with and consciously admires the altruistic declarations of the agent which are deliberately set up to mirror those of the activist. + +This is "malignant pseudoidentification." It is the process by which the agent consciously imitates or simulates a certain behavior to foster the activist's identification with him/her, thus increasing the activist's vulnerability to exploitation. The agent will simulate the more subtle self-concepts of the activist. + +Activists and those who have altruistic self-concepts are most vulnerable to malignant pseudoidentification especially during work with the agent when the interaction includes matter relating to their competency, autonomy, or knowledge. + +The goal of the agent is to increase the activist's general empathy for the agent through pseudo-identification with the activist's self-concepts. + +The most common example of this is the agent who will compliment the activist for his competency or knowledge or value to the movement. On a more subtle level, the agent will simulate affects and mannerisms of the activist which promotes identification via mirroring and feelings of "twinship". It is not unheard of for activists, enamored by the perceived helpfulness and competence of a good agent, to find themselves considering ethical violations and perhaps, even illegal behavior, in the service of their agent/handler. + +The activist's "felt quality of perfection" \[self-concept\] is enhanced, and a strong empathic bond is developed with the agent through his/her imitation and simulation of the victim's own narcissistic investments. \[self-concepts\] That is, if the activist knows, deep inside, their own dedication to the cause, they will project that onto the agent who is "mirroring" them. + +The activist will be deluded into thinking that the agent shares this feeling of identification and bonding. In an activist/social movement setting, the adversarial roles that activists naturally play vis a vis the establishment/government, fosters ongoing processes of intrapsychic splitting so that "twinship alliances" between activist and agent may render whole sectors or reality testing unavailable to the activist. They literally "lose touch with reality." + +Activists who deny their own narcissistic investments \[do not have a good idea of their own self-concepts and that they ARE concepts\] and consciously perceive themselves (accurately, as it were) to be "helpers" endowed with a special amount of altruism are exceedingly vulnerable to the affective (emotional) simulation of the accomplished agent. + +Empathy is fostered in the activist through the expression of quite visible affects. The presentation of tearfulness, sadness, longing, fear, remorse, and guilt, may induce in the helper-oriented activist a strong sense of compassion, while unconsciously enhancing the activist's narcissistic investment in self as the embodiment of goodness. + +The agent's expresssion of such simulated affects may be quite compelling to the observer and difficult to distinguish from deep emotion. + +It can usually be identified by two events, however: + +First, the activist who has analyzed his/her own narcissistic roots and is aware of his/her own potential for being "emotionally hooked," will be able to remain cool and unaffected by such emotional outpourings by the agent. + +As a result of this unaffected, cool, attitude, the Second event will occur: The agent will recompensate much too quickly following such an affective expression leaving the activist with the impression that "the play has ended, the curtain has fallen," and the imposture, for the moment, has finished. The agent will then move quickly to another activist/victim. + +The fact is, the movement doesn't need leaders, it needs MOVERS. "Follow the leader" is a waste of time. + +A good agent will want to meet as often as possible. He or she will talk a lot and say little. One can expect an onslaught of long, unresolved discussions. + +**Some agents take on a pushy, arrogant, or defensive manner:** + +**1)** To disrupt the agenda + +**2)** To side-track the discussion + +**3)** To interrupt repeatedly + +**4)** To feign ignorance + +**5)** To make an unfounded accusation against a person. + +Calling someone a racist, for example. This tactic is used to discredit a person in the eyes of all other group members. + +**Saboteurs** + +Some saboteurs pretend to be activists. She or he will .... + +**1)** Write encyclopedic flyers (in the present day, websites) + +**2)** Print flyers in English only. + +**3)** Have demonstrations in places where no one cares. + +**4)** Solicit funding from rich people instead of grass roots support + +**5)** Display banners with too many words that are confusing. + +**6)** Confuse issues. + +**7)** Make the wrong demands. + +**8)** Compromise the goal. + +**9)** Have endless discussions that waste everyone's time. The agent may accompany the endless discussions with drinking, pot smoking or other amusement to slow down the activist's work. + +**Provocateurs** + +**1)** Want to establish "leaders" to set them up for a fall in order to stop the movement. + +**2)** Suggest doing foolish, illegal things to get the activists in trouble. + +**3)** Encourage militancy. + +**4)** Want to taunt the authorities. + +**5)** Attempt to make the activist compromise their values. + +**6)** Attempt to instigate violence. Activisim ought to always be non-violent. + +**7)** Attempt to provoke revolt among people who are ill-prepared to deal with the reaction of the authorities to such violence. + +**Informants** + +**1)** Want everyone to sign up and sing in and sign everything. + +**2)** Ask a lot of questions (gathering data). + +**3)** Want to know what events the activist is planning to attend. + +**4)** Attempt to make the activist defend him or herself to identify his or her beliefs, goals, and level of committment. + +**Recruiting** + +Legitimate activists do not subject people to hours of persuasive dialog. Their actions, beliefs, and goals speak for themselves. + +Groups that DO recruit are missionaries, military, and fake political parties or movements set up by agents. + +**Surveillance** + +**ALWAYS** assume that you are under surveillance. + +At this point, if you are NOT under surveillance, you are not a very good activist! + +**Scare Tactics** + +They use them. + +Such tactics include slander, defamation, threats, getting close to disaffected or minimally committed fellow activists to persuade them (via psychological tactics described above) to turn against the movement and give false testimony against their former compatriots. They will plant illegal substances on the activist and set up an arrest; they will plant false information and set up "exposure," they will send incriminating letters \[emails\] in the name of the activist; and more; they will do whatever society will allow. + +This booklet in no way covers all the ways agents use to sabotage the lives of sincere an dedicated activists. + +If an agent is "exposed," he or she will be transferred or replaced. + +COINTELPRO is still in operation today under a different code name. It is no longer placed on paper where it can be discovered through the freedom of information act. + +The FBI counterintelligence program's stated purpose: *To expose, disrupt, misdirect, discredit, and otherwise neutralize individuals who the FBI categorize as opposed to the National Interests*. "National Security" means the FBI's security from the people ever finding out the vicious things it does in violation of people's civil liberties. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Seventeen Techniques for Truth Suppression + +*Strong, credible allegations of high-level criminal activity can bring down a government. When the government lacks an effective, fact-based defense, other techniques must be employed. The success of these techniques depends heavily upon a cooperative, compliant press and a mere token opposition party.* + +**1. Dummy up.** If it's not reported, if it's not news, it didn't happen. + +**2. Wax indignant.** This is also known as the "How dare you?" gambit. + +**3. Characterize the charges as "rumors" or, better yet, "wild rumors."** If, in spite of the news blackout, the public is still able to learn about the suspicious facts, it can only be through "rumors." (If they tend to believe the "rumors" it must be because they are simply "paranoid" or "hysterical.") + +**4.** Knock down straw men. **Deal only with the weakest aspects of the weakest charges.** Even better, create your own straw men. Make up wild rumors (or plant false stories) and give them lead play when you appear to debunk all the charges, real and fanciful alike. + +**5. Call the skeptics names like "conspiracy theorist," "nutcase," "ranter," "kook," "crackpot," and, of course, "rumor monger."** Be sure, too, to use heavily loaded verbs and adjectives when characterizing their charges and defending the "more reasonable" government and its defenders. You must then carefully avoid fair and open debate with any of the people you have thus maligned. For insurance, set up your own "skeptics" to shoot down. + +**6.** Impugn motives. **Attempt to marginalize the critics by suggesting strongly that they are not really interested in the truth** but are simply pursuing a partisan political agenda or are out to make money (compared to over-compensated adherents to the government line who, presumably, are not). + +**7. Invoke authority.** Here the controlled press and the sham opposition can be very useful. + +**8. Dismiss the charges as "old news."** + +**9. Come half-clean.** This is also known as "confession and avoidance" or "taking the limited hangout route." This way, you create the impression of candor and honesty while you admit only to relatively harmless, less-than-criminal "mistakes." This stratagem often requires the embrace of a fall-back position quite different from the one originally taken. With effective damage control, the fall-back position need only be peddled by stooge skeptics to carefully limited markets. + +**10. Characterize the crimes as impossibly complex** and the truth as ultimately unknowable. + +**11. Reason backward**, using the deductive method with a vengeance. With thoroughly rigorous deduction, troublesome evidence is irrelevant. E.g. We have a completely free press. If evidence exists that the Vince Foster "suicide" note was forged, they would have reported it. They haven't reported it so there is no such evidence. Another variation on this theme involves the likelihood of a conspiracy leaker and a press who would report the leak. + +**12. Require the skeptics to solve the crime completely.** E.g. If Foster was murdered, who did it and why? + +**13. Change the subject.** This technique includes creating and/or publicizing distractions. + +**14. Lightly report incriminating facts, and then make nothing of them.** This is sometimes referred to as "bump and run" reporting. + +**15. Baldly and brazenly lie.** A favorite way of doing this is to attribute the "facts" furnished the public to a plausible-sounding, but anonymous, source. + +**16.** Expanding further on numbers 4 and 5, **have your own stooges "expose" scandals and champion popular causes.** Their job is to pre-empt real opponents and to play 99-yard football. A variation is to pay rich people for the job who will pretend to spend their own money. + +**17. Flood the Internet with agents.** This is the answer to the question, "What could possibly motivate a person to spend hour upon hour on Internet news groups defending the government and/or the press and harassing genuine critics?" Don t the authorities have defenders enough in all the newspapers, magazines, radio, and television? One would think refusing to print critical letters and screening out serious callers or dumping them from radio talk shows would be control enough, but, obviously, it is not. +**Regarding Ethereum** + +An important point about this project is that we see Ethereum as being a platform first. **If you approach it from the perspective of ether being a coin, with all the smart contract stuff being just bells and whistles on top to make the coin more valuable, you are going to have a hard time understanding this community;** It's really all about the applications first and foremost, and ether is there simply as a token to facilitate payment of transaction fees and incentivize mining (and of course it can also be used as a default medium for inter-application payments and security deposits). (see [FAQ](https://www.reddit.com/r/ethtrader/wiki/faq)) + +&nbsp; + +**Ethereum is not only a Blockchain** + +Ethereum is a platform for the *Decentralized Web*, it includes a blockchain but also other important components such as Swarm for decentralized storage, Whisper for communication, ENS for naming system and distributed computation platforms such as Golem & iExec. + +There are a lot more of *on-going* projects completing the platform too long to list in this post. There is also good synergy with projects such as IPFS. + +&nbsp; + +**The community** + +Generally speaking, r/ethtrader exists for market & price talk, memes, etc.. while r/ethereum is focused on technological and projects discussion. + +If you are new to this community you will quickly notice that generally it's not a maximalist community, other projects, decentralized projects in particular are respected and discussed here. There is no off-topic-when-convenient rule in this sub and freedom of expression is valued. That said, we do also try to keep a welcoming community as per the [rules](https://www.reddit.com/r/ethtrader/about/rules/) of the sub *"You are expected to treat everyone with a certain level of respect. If you can't play nice with others, you will not be allowed to post here. Be excellent to each other."* + +&nbsp; + +**Mod Team** + +* u/carlslarson - Started EthTrader. Investing since 1998. Full stack & dapp developer. +* u/heliumcraft - (aka [Iuri Matias](https://twitter.com/iurimatias)) Lead Developer of [Embark](https://github.com/iurimatias/embark-framework). Early (dev) adopter of Ethereum, Also a moderator at r/ethereum +* u/kashivretwo - Tea enthusiast with a deep interest in cutting edge technology. +* u/AutoModerator - Loyal bot, eagerly waiting for the singularity to occur +* u/_CapR -Watching the crypto sphere since March-April 2013. Also moderates /r/CryptoCurrency, /r/CryptoMarkets, /r/CryptoTrade, and /r/Peercoin. +* u/nbr1bonehead - Crypto-enthusiast since 2013. Programmer/lab scientist by trade. +* u/etherboard - Developer, doesn't moderate but hosts & helps maintain the awesome ticker tape. +* /u/EthTrader_Mod A shared account we're experimenting with. Primarily meant for announcements and receiving PMs. +* u/cosimo_jack - Software developer with a background in cryptography. Lead developer of Cosimo. + +&nbsp; + +**Chats** + +We also have a [telegram channel](http://telegram.me/EthTrader) and a [Slack channel](https://token-trade.signup.team/) + +So long-story short last week I was tricked into sending £7800 in a very convincing investment scam for Forex trading- she asked me to send multiple payments via bank transfer to two accounts which I was told was the UK accountants and it was genuinely very convincing. But she kept asking me for more and more money and always made an excuse as to why she couldn’t pay my profits yet. I then realised it was a scam and reported it to my bank, both the accounts I sent payments to are with the same well-known high-street bank and my bank have informed me that they have sent some sort of letter on a system to the other bank requesting my money back from these accounts. My bank have informed me that I can only get my money back if it still in these accounts and I will have to wait weeks for the other bank to get back to them. I’m concerned I won’t get any of my money back if these two accounts are empty but I thought under the Authorised Push Payment Scam Code that I was entitled to my money back from my bank regardless of whether it is still in the two accounts that I sent it to. + +I guess what I’m asking is, can I only get my money back if it still in the two accounts of the other bank that my bank have requested the money back from or can I get a refund via the Authorised Push Payment Scam Code? + +I know I’ve been an idiot and I’m kicking myself in the teeth but this is my life-savings and I’d really appreciate any advice, Thankyou :) + +Also if anyone has been through similar then I’d really appreciate some tips on how you got through it because I’m really hating myself at the moment :( + +UPDATE: I managed to get a full refund from the bank, thankyou to everyone who replied for the helpful comments :) +I've managed to build up a decent war chest and currently have £115k left on my mortgage with my partner (paying £406 a month total at present, roughly half of which is interest). She's posed the idea of paying our mortgage off entirely in May which is when we're set to remortgage - I always default to "For what we pay in interest each month, I can probably make more in savings/investments". + +£40k sat in Vanguard, £45k sat "doing nothing" in a HSBC current account - I need to make a decision. I've had a good rifle through the new flowchart & paying off mortgage vs investing page on the Wiki but still feel a bit stumped. + +Vanguard is doing about £3k a year which exceeds my share of the interest (£1200 or so) so it feels silly to take that £40k out along with the "doing nothing" money to pay it off. Would overpaying once we remortgage be better so that £85k can still be put to use in investments? Or would paying off the whole mortgage/a good chunk of it to get a decent LTV be wise? For clarity, the rest of the due balance on the mortgage would come from my partner. + +Thanks! +…there’s suddenly tons of mini whales, people in the XXXX and XXX range. I don’t mean to call anyone out and I truly want to believe that all these posts are legitimate. But if I were a shill or someone on the wrong side of GME I would have a strong incentive to falsify large DRS posts in order to: + +1) discourage real holders from DRS’ing by promoting the idea that it’s being taken care of by others + +2) increase FUD when the DRS bot calculations that include these uncharacteristically large DRS’d posts indicate we have the float locked and nothing happens. + +Until Computershare stops registering shares or RC himself says game over, we should be assuming every post could be a fake. Just my two cents. + +EDIT: Clearly some people disagree with me in the comments. This is just my opinion (check the flair) and you’re welcome to disagree with it. Hopefully I’m wrong, and the posts are all real, and the only thing large DRS posts do to the community is hype them up to DRS their own shares. Just thought it was worth mentioning. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Guten Morgen to this global band of Apes! 👋🦍 + +This week is shaping up to be more exciting than I had anticipated! While I'm still expecting some *staggering* levels of RRP over the next few days, the big news of the week is obviously the NFT Creator registration and the implications of that move. While GameStop has been relatively quiet about what this means for the future of the company, I think there is a lot of merit to many of the theories that I have been reading. If there is one thing that I know about Apes based on the past year, it is that they are a very motivated and creative bunch, and I cannot wait to see what all of you wonderful Creators come up with. + +Of course, with any such good news for GameStop, the institutional shorts feel a strong need to manipulate the price downward to make it seem like bad news to anyone who views the market as a trustworthy source of information. Apes learned long ago that there is nothing further from the truth - the markets are completely rigged by those very institutions. We *know* the price is wrong, but we also know that their short positions must be closed, and that the more shares that we buy and DRS during these dips, the harder the MOASS will hit them when we lock the float. + +Today is Wednesday, December 29th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$149.00 / 131,50 €** *(volume: 332)* +- ⬜ 115 minutes in: $149.00 / 131,50 € *(volume: 323)* +- ⬜ 110 minutes in: $149.00 / 131,50 € *(volume: 323)* +- ⬜ 105 minutes in: $149.00 / 131,50 € *(volume: 310)* +- ⬜ 100 minutes in: $149.00 / 131,50 € *(volume: 299)* +- ⬜ 95 minutes in: $149.00 / 131,50 € *(volume: 271)* +- ⬜ 90 minutes in: $149.00 / 131,50 € *(volume: 269)* +- ⬜ 85 minutes in: $149.00 / 131,50 € *(volume: 256)* +- ⬜ 80 minutes in: $149.00 / 131,50 € *(volume: 256)* +- ⬜ 75 minutes in: $149.00 / 131,50 € *(volume: 255)* +- ⬜ 70 minutes in: $149.00 / 131,50 € *(volume: 244)* +- 🟩 65 minutes in: $149.00 / 131,50 € *(volume: 227)* +- ⬜ 60 minutes in: $148.49 / 131,05 € *(volume: 113)* +- 🟩 55 minutes in: $148.49 / 131,05 € *(volume: 111)* +- 🟩 50 minutes in: $148.35 / 130,93 € *(volume: 101)* +- 🟩 45 minutes in: $148.24 / 130,82 € *(volume: 100)* +- 🟩 40 minutes in: $148.21 / 130,80 € *(volume: 98)* +- 🟥 35 minutes in: $148.20 / 130,79 € *(volume: 94)* +- ⬜ 30 minutes in: $148.24 / 130,82 € *(volume: 94)* +- ⬜ 25 minutes in: $148.24 / 130,82 € *(volume: 94)* +- ⬜ 20 minutes in: $148.24 / 130,82 € *(volume: 86)* +- ⬜ 15 minutes in: $148.24 / 130,82 € *(volume: 86)* +- ⬜ 10 minutes in: $148.24 / 130,82 € *(volume: 62)* +- 🟩 5 minutes in: $148.24 / 130,82 € *(volume: 47)* +- 🟩 0 minutes in: $148.21 / 130,80 € *(volume: 37)* +- 🟥 US close price: $146.46 / 129,26 € *($148.74 / 131,27 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1331. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +My brother and I inherited a house from our uncle which I intend to keep so I am buying him out. His half would be $210K and our lawyers have told us that upon closing they will deduct about $950 in tax from that total, but my brother believes he will be taxed much more, up to $45K worst case, so he would like me to account for the taxes and give him more in the payout so we each get a 'true' 50/50. Can anyone offer insight to this? I am not sure how his accountant is coming up with these numbers, unless the payoff will count as taxable income when he does his taxes next year? + +Edit: Don't worry kind strangers, I won't be blindly taking the advice of the internet and will defer to the lawyers, just trying to get a feel for if his suggestion is as outrageous as I think it is. Thanks! + +Second Edit: I shouldn't have called it an inheritance; our mother added our names to the deed upon my uncle's death (hers was already on it). This makes all the difference in the world, it seems. +I am a tech enthusiast and I did some Bitcoin mining on my home computer when one bitcoin was just a fraction of a dollar, mainly as a hobby, not imagining how much Bitcoin would grow. + +Years later those bitcoins are worth over $4million dollars... What is the most tax efficient way to withdraw that money? Any advise? This is giving me much anxiety, any help is much appreciated. +I know a lot of you guys want to retire in your thirties or forties, but I’m pursuing FIRE to maximize my standard of living. I want to go on opulent vacations to exotic places, have expensive hobbies, have a nice house built on some major acreage, and have kids. + + +It doesn’t matter to me if I retire in my mid fifties, I’m totally fine with working for 30 years to maintain a very high standard of living. + + +I’ve done estimates on how long it’ll take me to retire, and according to my spreadsheets, I should be able to retire with $125,000 per year by the time I’m 55. I figure that’s enough for me to basically do what I want when I’m older, and even help my family if I need to. + + +Do you guys feel the same way, about keeping a high standard of living? Or do you just want to retire early? +My car loan was paid off by the maturity date. Today, I was reported by the bureaus that I have a late payment. My scores dropped significantly into the 600s. What can I do to report this error?? +I always hear stuff like “everything is priced in” ect… Most sources and some studies make it sound like it’s insanely hard to beat the market. + +Can someone average and without much luck learn, after a reasonable amount of time, to outperform the market with some consistency? Honestly returns of like 12% a year on average over a long timespan would count for me… + +[View Poll](https://www.reddit.com/poll/wv0osi) +I have a couple of SFH rental properties with traditional bank financing in my and my partners name. They are currently rented and things are going well. Cash flow is good and we plan to continue to add properties as deals come up . + +My issue is that we'd like to get a little more formal/professional and move these into a business structure, something like an LLC. Not for liability but really to grow and eventually even quit our day jobs. There's no pressing need other than I feel like we'll hit a wall soonish on the conventional financing path and the small headache of having it all in our names vs a completely separate entity growing into a larger paper work headache. + +I have found some lenders online that are willing to loan to a new business, and interest rates are ok for a longer term strategy, but fees are high and terms a little onerous in my opinion. Fees are between 3-4% of the loan value between origination, legal, title insurance etc. One place wants us to form a Delaware LLC, but only with a single owner so we'd have to form a 2nd LLC to own that. The combination of both is giving me pause. + +I'd really like feedback or strategies others have followed to get that initial entity formation going. I have called a few banks and heard the line about needing 2 years of seasoning for the entity. I know Fannie has a rule that newer loans can be quit claimed to an LLC without triggering the due on sale clause but you have to work with your service company and the personal guarantee remains. + +I have enough cash to pay off 1 property and move it into an LLC...do i do that and start the seasoning clock? +3 years ago I bought a multi family that I live in with an FHA loan, and I’d like to get a plan together to buy a single family to move into in the next year. Every mortgage broker I have spoken to so far is trying to tell me to refinance my current loan as a conventional loan, and then use FHA for the single family. The way I look at it id now I’d have to pay closing costs in the refinance that would eat into some of my savings towards the single family, and I would still be paying PMI on the single family anyway if I used an FHA loan for that? So what is the point of refinancing out of the first loan? +Hi everyone, first time poster here. Just another long time lurker without the urge to post until recently. I am a 30M (married with a baby) in a HCOL area. NW of $1.7M and HH income (big raise earlier this year) of $650k. Probably just now starting to get past the HENRY phase. Portfolio is currently $400k in cash and HY savings (plan to buy a home within the next 6 months, so I need the liquidity), $300k in pretax accounts (401k, IRA, etc.), $700k in taxable accounts, and $300k in alternative investments including RE and some VC opportunities I have been able to participate in (all very illiquid). Monthly expenses of about $10k including rent, wife’s car, childcare, travel (obviously down this year), and far too much take out. + +I have been going through quite a few major transitions in my life, and have just recently seen my income double. Additionally, my forward looking income ladder has grown substantially (all salary related, no stock/commissions/other unreliable or volatile income sources). + +Six years ago, I bought a used 2012 Jeep Grand Cherokee, which was just recently paid off. While I’ve always considered myself a big fan of luxury cars I’ve never felt financially comfortable enough to go out and buy something that wasn’t “practical” until now. I know, I know...luxury vehicles are terrible investments and are considered a waste of money to some, but I figured that the fatFIRE community may have a slightly different perspective on this, all things considered (lifestyle, personal enjoyment, fulfilling childhood dreams). + +With all of that being said, I’m now at a crossroads trying to determine what direction I would like to take for a new vehicle. As such, I’m calling on the fatFIRE community for help by asking what each of you are driving in comparison to your income and NW in an effort to see what becomes the new “reasonable�� at varying levels of wealth. + +TLDR; Starting to make a lot more money, and I’m in the market for a new car. Interested to see what fatFIRE folks are driving given their income and NW. + [https://www.theaustralian.com.au/business/property/home-affordability-the-best-in-20-years-hia/news-story/f8a7d720e244a0c643b3bb3763ccbc2f](https://www.theaustralian.com.au/business/property/home-affordability-the-best-in-20-years-hia/news-story/f8a7d720e244a0c643b3bb3763ccbc2f) +This is a small update on the previous announcement [we made here](https://www.reddit.com/r/ethtrader/comments/7wdj5p/a_warning_about_myetherwalletmycrypto/). + +Since the prior announcement above, new things have come to light. It appears that the two folks who (primarily) built MyEtherWallet have had a falling out (as now evidenced for certain [here](https://np.reddit.com/r/ethereum/comments/7wgnds/official_myetherwallet_statement/), [here](https://medium.com/mycrypto/mycrypto-launch-6a066bf41093) and [here](https://drive.google.com/file/d/1CHz_Fe5DqM7Aszsr5LwTdol85YsEJaaZ/view)). + +While this is unfortunate for their project, it at least answers the question that no, it does not appear that MyEtherWallet website was hacked. Instead, as a result of their aforementioned falling out, it looks like both developers are going their separate ways and one of them has created a fork of MEW. Both developers claim that they're going to continue updating MEW and the forked version (MyCrypto) respectively. + +If you're still concerned about the security of MEW then you could always look into using an alternative wallet such as GETH, Parity or the MetaMask addon. Also, keep in mind that it's possible to run MEW locally, even offline. You can grab a copy of the wallet from their github [here](https://github.com/kvhnuke/etherwallet/releases?after=v3.11.2). You can even grab older versions if you're concerned about security (if you don't trust a more recent build of the wallet, for example). + +🔥🔥 AstroSurf fairlaunch🔥🔥 + + +We burned more than 40% of the total supply after launch and sent it to a black hole address. + +5% of each transaction is locked to liquidity forever. This contributes to less volatility and a continuously increasing price floor. + +5% goes to  holder in the wallet + +The LP token is locked via a trusted third party "DXSALE.APP" and renounce ownership of the token contract and sends it to an addreess dead so the developer can't interfere with it. + +🚀 Follow us on our social media : +------------------------ +👉Telegram Group: @Astro_Surff + +👉Website: https://astrosurf.finance/ + +👉Twitter: Soon + +👉Medium: Soon + +👉Github: Soon + + + +Token Informations: + +🔥Name: Astro Surf + +🔥SYMBOL: SUFR + +🔥Blockchain: BEP-20 + +🔥Total Supply: 1,000,000,000,000,000 + +🔥Contract: 0xa3056a8692133732918f566833565773C7CB4f35 + +🔥Verified contract: https://bscscan.com/address/0xa3056a8692133732918f566833565773C7CB4f35#code + +🔥 Exchange: +Pancakeswap V2 +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa3056a8692133732918f566833565773c7cb4f35 + +🔥Burn Supply: +https://bscscan.com/tx/0x75d93e266aeb80196d25c0aae7ed0709b281b08faacab3868ccbb3ed3799c289 + +🔥Lock LIQ: +https://dxsale.app/app/pages/dxlockview?id=0&add=0x7ffdc513ed242e96812dF754539bd125c8ba6B4A&type=lplock&chain=BSC + +🔥Renouced: +https://bscscan.com/tx/0x75cfc8edda27ebc2e55144e202e35b060a623eea3936c28a63dc32bf98574007 + +🔥Chart: +https://poocoin.app/tokens/0xa3056a8692133732918f566833565773C7CB4f35 + +👉 3% for marketing & promotion +👉40% send to the dead address +👉57% we bill added to the liquidty pool +👉 Use slippage 10%-15% +I was in a state of mania and desperation so I didn't see the red flags. + +I was about to burst mentally and took time off for work and got my short term disability denied especially as I have one of the worst doctors ever. + +I needed to make rent so was looking on craigslist for odd jobs (as I have had success from there before). + +I fell for the classic 'we will pay you in cheques to advertise our small business logo on your car for a few months' and thought 'there is money in advertising afterall!' + +Well, its a pretty common scam that I wasnt aware about and apparently the cheques are fraudulent - even though my bank cleared all 8 of them lol. I also never knew about counterfeit cheques. I feel so naive. + +Almost daily I was sending $2000 to these 'sticker agents' which is apparently the banks money and the bank told me I WILL have to pay that back since I negotiated the cheques. + +I'm at a loss for words. I feel like an idiot. I feel ashamed. I feel hopeless. I feel alone and like I can slip through the cracks any week and lose everything. My entire years worth salary is basically 28K. And man, if I didn't get denied short term disability payment, I don't think I would be in this position. + +I filed a fraud report, a police report and will be meeting with the bank next week. + +Is it likely the bank will replenish that money or that I will not have to pay that sum back? I have zero money now and this really doesn't help with my mental illness. + +Please no negativity, I couldn't see the red flags with rose coloured glasses on until It was too late. +You are probably smart enough not to open random exe files from the internet? Right? You might even drop an exe in to virustotal.com before you + +open it if you are doubting to see how the rest of the internet feels about that file. + +But you probably don't think twice about opening winrar file. [Well there is a winrar exploit now](https://arstechnica.com/information-technology/2019/02/nasty-code-execution-bug-in-winrar-threatened-millions-of-users-for-14-years/), that is going to make millions of victims. + +Here is how it works. You open the wrong rar file with an unpatched version of winrar and a payload is dropped in to your windows startup folder. Which means on reboot you will load up an exe. + +And nobody ever updates their winrar. And rar files are used intensively on usenet and also in torrents. So there are probably at least a 100 million computers with an unpatched version of winrar on it. + +So this is going to steal a shitload of coins. I can guarantee it. + +So PATCH YOUR WINRAR!!!!! Go to https://www.rarlab.com/download.htm and download the latest version. Search and delete and destroy any version on your computer you can find that's under WinRAR 5.70 + +The .dll file that contains the actual bug is unacev2.dll because [the bug is in ACE](https://nvd.nist.gov/vuln/detail/CVE-2018-20250), not in winrar. Winrar has just dropped support for ACE in 5.7 and removed the .dll file from their install. +**All software with ACE support is vulnerable which is not just winrar but also software like Total Commander among others.** + + +Let your friends and family know. If you happen to be on any random computer with an older version of winrar, please replace it with 5.7 or higher. + +If you downloaded and opened that leaks.rar that was posted here today about a big bitfinex leak, well you are infected now. Check %appdata%\Microsoft\Windows\Start Menu\Programs\Startup\ for a file called "IntelAudio.exe" + + +The payload tries to [fool you into thinking it's teamviewer](https://i.imgur.com/P2U5kwh.jpg), probably not the most sophisticated malware attack but more attacks will follow. Winrar simply is a piece of software that is trusted by almost everybody. And now you can't trust it anymore, unless you update. + +All of this is also again a reminder to use a cold wallet/hot wallet system with a seperate computer that can not go on the internet. To steal coins from such a system you need something as advanced as stuxnet malware. Or use a hardware wallet. + + + + + +I drive a 1998 Toyota Starlet. I get 40MPG, which is much better then most new cars. It never breaks. It costs me roughly 300/Year on repairs. It will soon be a vintage and will appreciate in value, I have seen many 1992-1994 models sell for 4k plus. You can buy a car like this for about 1000 (car in good condition). You can by a car for breaking/parts for about 200 (which will save you on repairs). The engine that is in my car has recorded over 1,000,000 miles in its lifetime, so it is possible that I will never have to change this car in my lifetime. + +Meanwhile several of my struggling friends have taken out car finance, pay more in interest then I do to insure and tax my car each year. Their car often needs to be repaired, parts break that my car doesn't have or need. + +This post is not a brag, I am warning people who are struggling financially think twice before taking out finance to buy a car. If you need a car for work, I strongly recommend a late 90's Japanese compact cars. These seem to be the pinnacle of economical car engineering - that were build just before planned obsolescence ruined cars (and created an economic bubble, in my opinion). +I have about $4000 in debt and $8500 in savings. I was originally going to pay off my debt over time, $300-$400 biweekly but now I'm wondering if I should just take care of it now and if it would help me in the long run. I despise having to put the entirety of my paycheck towards stuff like that. My paychecks are about $750 and my credit card interest is 12.99%. I recently lowered it from 15.99%. + +&#x200B; + +EDIT: I have just paid off my debt completely. Thanks for input, everyone!! + +EDIT AGAIN: Thank you for everyone who has and continues to respond with positivity and support! So glad other people have decided to make the same decision and become debt-free! +I am one of those "Dad's" whose lives got destroyed by the economic damage done by a..holes on Wall Street. One of the fall outs from the 2008/2009 depression was the complete destruction of my industry. I held on for a few years just from mind numbing hard work (80 hour weeks and no vacations) and a huge dose of creativity. But in the end I was Wily Coyote. I woke up one day and found nothing but air under me and I was done financially and I had lost my health. + +I have been rooting for you kids and cheering you on every day. You have no idea how proud I am of your diamond hands and your courage in the face of such overwhelming power. When the dust finally settles on all of this, somewhere near $1000!, our "masters of the universe" will know not to ignore the little guy. There are a lot, I mean a hell of a lot of you little guys (and now, thanks to their losses, not so little guys and gals) again. + +So from this Dad and I know from many others, thanks kids. This dish has gotten very cold and it has been very good to finally enjoy it. + +&#x200B; + +OK, for all you retarded apes out there $1000! is a really, really, really big number with more zeros than even an ape can count. Maybe a little refresher course in math may help. +Pretty much the title wondering if anyone has any insights on why DFV's strategy works so well compared to other deep value methods. If you look at Tobias's ETF Zig it underperformed the market in 2020 compared to DFV who did extremely well. +Doing a brief screening here at the moment and Warner Brother Discovery caught my eye. I've noticed a fall of 50% since the spin-off/merger. My first question to those who might be able to help; - Does anyone know where I could find the data to see the position of legacy holders of AT&T that received shares posted spin-off - what their holding was initially to what it is now? Just want to understand if the fall in price. I can see it's partially attributable to the underperformance of Netflix recently enough. Similarly, there has been alot of insider buying post-spin-off above current price levels and a lot of value guys getting in on the stock including Burry. Has anyone seen any good write ups on the stock? +Just as the title says, with the fed set to meet on Weds Sept 21 at 2pm to announce their next rate hike, there is pretty wide consensus/expectation of a 75 bps increase. There is also a possibility of 100 bps and comments could point to ongoing increases and maintaining higher rates for longer than most would like. In the event of whatever news coming out spooking markets with another leg downward, what are your top value targets to add? + +For me it’s TXN below $153 and GOOGL below $100 +Doing a brief screening here at the moment and Warner Brother Discovery caught my eye. I've noticed a fall of 50% since the spin-off/merger. My first question to those who might be able to help; - Does anyone know where I could find the data to see the position of legacy holders of AT&T that received shares posted spin-off - what their holding was initially to what it is now? Just want to understand if the fall in price. I can see it's partially attributable to the underperformance of Netflix recently enough. Similarly, there has been alot of insider buying post-spin-off above current price levels and a lot of value guys getting in on the stock including Burry. Has anyone seen any good write ups on the stock? +It took me years to find my way into what I consider to be my "career." Between grad school, some crappy positions that seemed great at first, etc., I'm very late to retirement planning. And until relatively recently, I was just working on building up a decent back line / emergency fund. + +All that's set now, but I'm left with the task of trying to catch up without being too overzealous. + +This is my current situation (please don't laugh): + +No debt except student loan (ca. $47k total, all federal.) + +Credit score in low 800s. + +I own my home ($106k left on the note, 30-year fixed at 3.5%). I have a HELOC for home expenses, recently finished paying off after major work. + +$74k / year gross income. No additional income. + +- $27k in TIAA retirement account from previous job. Was $16k when I left three years ago, so it's done okay (ca. 13% average / year). I just moved the money into a different fund within TIAA (Vanguard Large Cap Index). + +- $42k in current 401k. Employer match is 5% , I'm doing 15%, so total 20% per paycheck. Currently allocated to some fairly aggressive funds. + +- $15k emergency fund in high yield savings account. + +- $18k additional cash / savings + +--- + +I'm intending to focus mainly on aggressive ETF investment. Done some research and have several ETFs that have yielded >10% average / year since inception and are at 15% or greater for the last 5 - 10 years. + +At the moment, I plan to shift (at minimum) $10k from savings into a brokerage account, allocated to the various ETFs. + +How can I improve on this? Harsh criticism is fine, the numbers here are a joke compared to a lot of you who are much younger. + +I regret not learning more about investing until recently, but my financial situation hasn't always been all that great, and this is the first time I really have much opportunity to try to truly save/ invest with an eye toward growth. + +**edit:** Adding to answer a few questions... + +No kids, unmarried (partner earns less than I, is younger), good health. Student loan rate is the typical federal rate. + +Should also note that I'm in no way trying to beat or time the market. The funds I mentioned below seemed like a good mix, but it's true, they're all largely overlapping. Probably one heavily diverse fund would be just as effective, if not moreso. Seems like VTI is the go-to. + +**Is there any sense in putting some of this into a more aggressive fund, though? Like VGT, for example?** +I like keeping things simple …for financial planning and life. Assuming that I max my 401k , HSA, and Roth IRA (started at 32) and have 1 year emergency fund and have a comfortable mortgage (with low interest rate) that I am paying down… and that I have stable six figure job/career that i like (so no desire/need to retire early) … I don’t see the point of intentionally saving more. Key word intentional since I usually save a bit by accident and throw into index funds. I have already paid off my student loans and car. + +Seems easier to just go on autopilot (and do basics of not spending more than I make) and anything I save is just cherry on top. No desire for kids … and +no desire for luxuries such as expensive cars or anything. I do like to travel but most my trips per year still end up covered by my annual bonus. + +anything I am missing.. would you do anything different in my shoes and if so why? What would you be saving for if you were in my shoes had no desire to retire early or have kids? + +Just looking for 3rd party opinions so I feel more comfortable telling my wife (she has own seperate funds/job and I just pay mortgage while she handles groceries) why it’s not so important for me to plan/budget or be too concerned about spending most my annual bonus on travel etc. I think she is trained to think we all should perpetually save more and I don’t see the point of intentionally doing it for my situation where I have 1 yr emergency fund and maxing out 401k+ Roth Ira with no desire to retire early. + +Edit : I make $180k in Philly area and feel that even if I get laid off I should be able to get comparable job since I do spend effort making sure my resume/skills are highly competitive for my industry which is big pharma (and feel confident if I have to go to new industry that my educational pedigree, network, and career experiences should get me good six figure job). +I am a 27F and have about 100k saved w credit score on the lower end of 700s. I have been pre-approved for a mortgage loan of up to 525k. I spoke w a realtor and lender and we agreed my best course of action would be to put 50k down in order to keep my monthly mortgage less than 4k a month. I am a travel nurse currently racking in 20k a month. My income fluctuates w each travel assignment but I have made no less than 15k a month for the past two years. I should have much more saved by now but was paying off debt. + +My current apartment lease ends in March and I am currently stuck between buying my first home or to continue renting. I live in southern CA and am particularly interested in buying in San Diego. The 525k max mortgage loan would limit me to mostly condos, however I am okay w that given I am single w no children. I have seen a good amount of condos in SD for less than 450k, giving me a good buffer. + +Living in southern CA, my rent has consistently been 2800 or more the past two years. I made the mistake of living in “luxury” complexes. I am torn between continuing to rent but in a cheaper complex (without compromising safety) or biting the bullet on a hefty down payment. + +Appreciate any insight or advice. I am not open to leaving CA to a cheaper COL state either as that would mean taking a significant pay cut and facing poor working conditions as a nurse. Without getting into politics, nursing in other states is unfortunately not on the same level as nursing in California. + +Edit: my 525k mortgage max is based on my 2021 W2 income being 100k. I made much more than 100k in stipends/non tax earnings, but those do not show on the w2 and only on the pay stubs. I also specifically wanted my mortgage to be below 4k a month. I still have some debt as well. + +I have a Vanguard account set up, and I currently have $1000 in my Roth IRA (which I recently started). I only purchased 2 shares of VTI ($430.60) in the overall stock market. I've only made $1.40 in profits thus far. Can you provide me some tips on how to expand my account? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +My mom makes approximately $40k per year. My grandma no longer works. Uncle lives in the same house and makes around the same as my mom, so *I'm estimating combined household income is around $80k.* I think they keep pulling money out of the equity to 'live large' because they don't perceive any hope for the situation. +_______ +Grandma "loaned" (in good will but with no contract) over $150k to my aunt, and I don't believe she makes enough money to pay that back. Aunt's house is wrecked. 2 of her 3 'boys' (24 - 29) don't work. + +My mom and dad (69) are separated but still married. My dad totaled his van a few months ago and was charged with DUI #2, now living in sober living and scored a handyman/carpet cleaning position with the recovery organization in exchange for housing and pay. + +Family unit across the board is fairly dysfunctional; it's never been functional as far back as I can remember, but things are starting to get better. Everyone has grown up quite a bit, but there's no one in the family that's trying to 'turn over a new leaf' or whatever, and I (24) am barely starting to establish myself in the educational field. My mom can barely stand being in the house with my uncle and grandma because of prevalent addictions, and I feel pretty much out of place while I'm here for the holidays. + +I'm getting a vibe that people are using my grandma for the equity still in the house, she's getting old in age, and I'm getting the feeling that when she dies the whole family is gonna implode via the house. + +_____________________ + +Rent where we live (OC) is $1k - $2k per month for a single room, so I think saving the house is the last, best chance that my mom has to live and share ownership of a place until I'm pulling in decent income. I think rent is essentially burning money just to live in a place and I feel stuck because it's gonna be difficult for my family to get anywhere when over half our monthly income goes straight to rent alone. + +I know how to navigate food stamps and other social services out there; I think my mom and dad have avoided applying for affordable housing and food stamps out of pride, to their own detriment. + +______________ + +I feel like this is a big conversation because of the complexity. I'm looking after myself first and foremost. I'm going into the educational field; I'm currently doing an internship out-of-county until June 2018. I don't have any student loan debt and my credit is great. + +**I understand almost none of this is my responsibility and I should not take the burdens from my family's mistakes upon myself. I do recognize the dire straits we are in, I'm trying to figure out my role, how I can best advise my mom moving forward, and what we [I] can or should do.** +I went into the r/wallstreetsilver subreddit and analyzed comments and posts. I found that 80% of them came from accounts mostly created in the last 2 days. Pretty suspect.. who do these people really work for?! + +I also spent 3 hours of my life going through each post and calling them out on their new accounts. + +Stick to the gameplan, we can focus on silver after. + +Positions: none. My GME covered call got assigned at $14 back at the end of December. Fml. +I read this article today and thought it would be nice to share. It is well worth the read. For those of us who obsess over the numbers and math related to retirement, this was a good meta article about looking at the bigger picture. + +TLDR: We spend so much time focusing on being financially able to enjoy retirement, but we need to be healthy enough to enjoy it too. Just like investing early is a huge financial benefit, exercising early is a huge health benefit. + +[https://humbledollar.com/2021/12/fit-to-retire/](https://humbledollar.com/2021/12/fit-to-retire/) +I am hearing about the hype that is happening around the crypto market, so I have been watching videos, following news, and diving deeper into the crypto market. It is not as complicated as it seems to be honest, however not as easy as all these influencers make it seem. +Hey, thetagang! + +I want to talk about my strategy of **selling 0.25 - 0.34 delta TQQQ covered calls at \~7 DTE and rolling to avoid assignment. It's super profitable.** + +* This play creates about a 0.70% (+/- 0.30%) per week premium. Currently about $100 per call. + * I set aside about \~30% of the premium in case I need to roll. + * I reinvest about 50% on more TQQQ. In a taxable account, you should set aside \~20% or so for taxes. In a tax-protected account, you can increase the overall growth by reinvesting more. + +**FAQs about TQQQ:** + +I've heard that [TQQQ is widely held to be an unsuitable instrument for long term investment.](https://www.reddit.com/r/thecorporation/comments/lg063f/some_tqqq_tips/) (Credit to [u/madmax\_br5](https://www.reddit.com/user/madmax_br5/) for this part) + +Volatility drag does not decay leveraged instruments enough to bleed significant value. + +* It is true that leverage will cause some drag in certain market conditions, but the examples often cited show unrealistic market behavior of daily 5% up/downswings in the underlying index for long periods of time. This does not match the trending realities of indexes, which tend to operate in periods of uptrend and periods of consolidation. Highly volatile sideways markets are not an example case that is replicated in real market data. + +TQQQ as a 3X fund could ***not*** be wiped out in a single day. + +* Daily leverage reset means that declines experience negative compounding and are thus asymptotic in nature. +* The only way TQQQ could go completely bankrupt is if the market had a 33.3% or greater crash ***in a single day***. Not only has this never happened in history (the worst single-day drop ever was a [22.6% drop in 1987)](https://money.cnn.com/2017/10/19/investing/romans-numeral-black-monday/index.html), but it is now impossible thanks to a 20% market-wide circuit breaker. + +High fees ***do not*** offset the advantage of leverage. + +* This is nonsense. The annual fee rate of 0.95% is actually incredibly reasonable considering you get 3X leverage for this price of entry. + +Let's do some backtesting courtesy of [portfoliovisualizer.com](https://www.portfoliovisualizer.com/). + +**Here is a "BUY AND HOLD" backtest on TQQQ** + +[$10,000 grows to $588,657 for a CAGR of 49.8&#37; over a decade](https://preview.redd.it/qbvz8oa6pbh61.png?width=2661&format=png&auto=webp&s=cfe58fc7181c1ff97ccc2e5832070c886f04c6a4) + +**Here is a backtest of buying $10,000 of TQQQ in 2011 and letting it ride.** + +[$10,000 investment grew to $588,657 in a decade with a \\"buy-and-hold\\" strategy.](https://preview.redd.it/bmy9pnirmbh61.png?width=2649&format=png&auto=webp&s=42a123e076745d0ed667f0bb12b4bbef4aef6d90) + +**Here is a backtest of buying $10,000 of TQQQ in 2011 and selling 0.25 - 0.34 delta weekly covered calls at \~7 DTE, reinvesting 50% of the premium, and rolling to avoid assignment.** + +[$10,000 grew to $1,033,016 by selling weekly 0.25 - 0.34 delta TQQQ covered calls at \~7 DTE, reinvesting 50&#37; of the premium, and rolling to avoid assignment. A gain of $588,657 over the \\"buy-and-hold\\" strategy.](https://preview.redd.it/q7q2v9qxpbh61.png?width=2672&format=png&auto=webp&s=4aefd46cfd4d8a536f456d060be10ff0e2fd4972) + +**So this strategy yielded an extra $444,359 in growth on your initial $10,000 investment, WITH an extra $10,000 you paid yourself to cover taxes over the decade of growth.** + +Note: I recommend tax-protected accounts to prevent tax implications. + +If it's a tax-protected account and you don't need to set aside money for taxes, the growth was even more profound. **Backtesting saw a gain of $622,103 over the "buy-and-hold" strategy and $177,744 more than in a taxable account.** + +[In a tax-protected account, $10,000 grew to $ 1,210,760 by selling weekly 0.25 - 0.34 delta TQQQ covered calls at \~7 DTE, reinvesting 70&#37; of the premium, and rolling to avoid assignment. ](https://preview.redd.it/lgssuwzhrbh61.png?width=2650&format=png&auto=webp&s=7220ab200819e749a34452ed4aa4b21e0ae4d2fb) + +**Cautions:** + +* Limit this strategy to 33% or less of your portfolio and have 10-15% cash set aside aside as capital. + * You ***should not*** buy TQQQ on margin. The maximum possible drawdown of TQQQ is quite significant. Getting a margin call at the bottom would ***WIPE YOU OUT.*** + * Buying the dip, on the other hand, would be extremely profitable. You could insure your position with QQQ puts, UVXY calls, vix calls, or UUP calls. Sell these positions for a profit during a correction and use the proceeds to buy the dip and avoid selling your TQQQ shares. + * E.g. a month-by-month UVXY (ProShares Ultra VIX Short-Term Futures ETF) or SQQQ (ultrashort QQQ ETF) call 30-35 DTE at 0.25 - 0.34 delta is about 10% of the premium received from a month of covered calls on TQQQ. +* A \~20% trailing stop loss may not execute in a true market crash. +* 60% TQQQ and 40% TMF limits drawdown to about 30% on [backtest](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=2021&lastMonth=1&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=QQQ&allocation1_1=0&allocation1_3=100&symbol2=TQQQ&allocation2_1=65&allocation2_2=100&allocation2_3=0&symbol3=CASHX&allocation3_3=0&symbol4=TMF&allocation4_1=35&allocation5_3=0). +* This strategy is for those with a long timeline. We can't see the future. + +Good luck everyone, and let me know your thoughts below. + +*Disclaimer: I'm not a financial advisor, this is not financial advice, I'm just excited about this ETF and the collar strategy in general.* ***I'm long in $TQQQ, $NUSI, XYLD, QYLD, RYLD, and SRET. Not being paid to write about this.*** *Past performance doesn't equal future success (except when job searching). Hit me where it hurts if this DD sucked.* +By this I mean, what gives the ETH token value itself? Or is it just like a stock share to the Ethereum company? Is Ethereum making a profit off this project other than just increasing the price of their own token? Since its not a currency? +In the therapeutic endeavor it’s useful to remind patients during their growth journeys that progress is often disguised as a setback. That’s because as we move into the new and unknown we challenge ourselves in ways we weren’t before, and therefore inevitably experience failures we weren’t experiencing before. So those ‘failures’ aren’t really failures, they’re just useful data points in the learning curve that prove we’re gaining self-awareness. + +In this GameStop journey a similar phenomenon is going on where the suppression of the stock over the last six months might seem like a setback but in actuality is progress in that our enemies no longer have the power or the option to both suppress GME and allow GME to run. + +They’re stuck with suppression. That’s progress. The irony is that it’s a proof of the diminution of their powers. On the surface they seem more powerful now than at the early stages since what we see is constant suppression. But the truth is that the stock isn’t running anymore because they can’t allow it to. Their power has decreased, not increased. + +The final stage in the GME growth journey will be when, in addition to having lost their power to allow the stock to run up, they lose their power to be able to suppress it. + +We can call that day GME’s self-actualization. +Hi all, + +Starting a new job and just started the process of enrolling in benefits. My healthcare option is a high-deductible plan with an HSA, into which my employer contributes a small amount (around $1k annually) and I have the option to contribute further, pre-tax. + +An HR rep has been trying to convince me to max out my HSA contributions ($3500) due to the triple-tax advantage, and while I get why this is advantageous, I’m a little cautious given it’s a health savings account and can’t be used for other purposes. I already max out my Roth IRA, and I’ll contribute to the employer-sponsored 401k (at least enough to max out the employee match), but what should my next priority be? I don’t have the funds to max out my contributions to all of these accounts; what’s the best order for me to use these accounts as investment holdings? + +HSA will be held through a large US-based bank and can be invested in pretty much any common holding if/when the account reaches a $5000 threshold. + +Thanks for the help! +Guten Morgen to this global band of Apes! 👋🦍 + +These are wild times indeed. +Yesterday, I was convinced that the split shares disappearing over the weekend would be sorted out in short order, but the issue appears to have ignited a major controversy. +It seems that the DTCC treated the split-by-dividend as a split, and did not distribute any of the dividend shares. +They told the brokers who they were obligated to provide splividend shares to that it should be treated as a split. +They caused international brokers to do a 4:1 split. +The question remains, though. +Why did the DTCC do this? + +This event, while very unsettling, is also very exciting to me. +While not incredibly common, a split in the form of a stock dividend is far from unusual. +GameStop did not tread some unknown path here. +While some brokerages may have unconventional ways of handling such events, they will undoubtedly have done such transactions in the past for other securities. +The fact that this highly-anticipated, high-visibility split was mismanaged so spectacularly is telling. + +There is a reason that the DTCC attempted this approach. +They knew that they would not have the shares to distribute for the dividend. +The DTCC is likely the one place that knows *exactly* how many phantom shares exist. +They know how many dividend shares they'd receive to distribute. +They chose to tell the brokerages that this was a simple stock split so the brokerages would not come asking for the shares to distribute. + +I have no idea how this is going to play out, but I am incredibly excited for what is ahead. +The split by dividend is the match that ignited a fire that they are scrambling to put out. +Meanwhile, Apes around the world HODL with Diamantenhände, fanning the flames with stacks of DRS confirmation letters. + +Today is Tuesday, August 2nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$34.35 / 33,56 €** *(volume: 3781)* +- 🟥 115 minutes in: $34.21 / 33,43 € *(volume: 3657)* +- 🟥 110 minutes in: $34.51 / 33,73 € *(volume: 2210)* +- 🟥 105 minutes in: $34.52 / 33,73 € *(volume: 2210)* +- 🟩 100 minutes in: $34.52 / 33,73 € *(volume: 2186)* +- ⬜ 95 minutes in: $34.46 / 33,67 € *(volume: 1882)* +- 🟩 90 minutes in: $34.46 / 33,67 € *(volume: 1475)* +- 🟩 85 minutes in: $34.14 / 33,36 € *(volume: 1350)* +- ⬜ 80 minutes in: $34.11 / 33,34 € *(volume: 1325)* +- 🟩 75 minutes in: $34.11 / 33,34 € *(volume: 1308)* +- 🟥 70 minutes in: $34.11 / 33,33 ��� *(volume: 1238)* +- 🟥 65 minutes in: $34.52 / 33,73 € *(volume: 899)* +- 🟩 60 minutes in: $34.53 / 33,75 € *(volume: 849)* +- 🟥 55 minutes in: $34.53 / 33,74 € *(volume: 768)* +- 🟥 50 minutes in: $34.53 / 33,74 € *(volume: 768)* +- 🟩 45 minutes in: $34.55 / 33,76 € *(volume: 753)* +- 🟩 40 minutes in: $34.53 / 33,74 € *(volume: 724)* +- 🟩 35 minutes in: $34.52 / 33,73 € *(volume: 657)* +- ⬜ 30 minutes in: $34.51 / 33,72 € *(volume: 557)* +- 🟥 25 minutes in: $34.51 / 33,72 € *(volume: 252)* +- 🟩 20 minutes in: $34.52 / 33,73 € *(volume: 245)* +- 🟩 15 minutes in: $34.49 / 33,70 € *(volume: 245)* +- 🟩 10 minutes in: $34.48 / 33,70 € *(volume: 206)* +- 🟩 5 minutes in: $34.48 / 33,69 € *(volume: 167)* +- 🟥 0 minutes in: $34.44 / 33,66 € *(volume: 167)* +- 🟩 US close price: $34.78 / 33,99 € *($34.62 / 33,83 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0233. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +“It’s easy for one person to tell a lie. It’s harder for 2 people to tell the same lie, and it’s almost impossible for 3 or more people to tell the same lie & get it right.” I think that’s the phenomenon we are seeing with all these brokers around the world. They can lie, but we can start to see the cracks in the facade when they try to coordinate their lies with each other. So fun to watch! +What We Do In The Shadows, Part 1 + +Regulatory Arbitrage + +Ape Mode: SHF (Shitty hedge funds) can hide their short positions and FTDs by using unconventional international lending schemes. They’ve done this extensively on other tickers in the past decade. The reason the short interest and FTDs “dropped” earlier this year is because they’re playing the same game with GME today. + +TL;DR Mode: Two of the most controversial questions since the end of January have been: “What happened to the short interest?” and “What happened to the fail-to-delivers?” There’s been a lot of good DD aimed at these questions but based on FINRA and SEC documents I think I’ve found the smoking gun. Hedge funds know all the loopholes, and it turns out that there’s a loophole they’ve abused extensively in the past that hides short interest, fail-to-delivers, and allows endless rehypothecation that wouldn’t be legal according to the SEC. The trick is to (instead of doing a conventional locate and borrow) to use something called an arranged financing program with foreign prime brokers. Everything ends up getting hidden as the transactions cross international borders and don’t get reported properly on either side of the pond. They also get to take advantage of rules in other countries that are much more favorable to them than the ones here. + +Too Long Mode: I started making forward progress after looking through the recent FINRA Notice 21-19, regarding potential changes to short interest reporting, where they have the following section: + +https://www.finra.org/rules-guidance/notices/21-19 + +> Loan Obligations Resulting From Arranged Financing: FINRA understands that members may offer arranged financing programs (sometimes called “enhanced lending” or “short arranging products”) through which a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account. FINRA is considering requiring members to report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock. + +FINRA is saying that rather than doing a conventional borrow to deliver on a short, a SHF could use an arranged financing / enhanced lending program to do the borrow, and this magically doesn’t need to be reported as a short. FINRA is saying that functionally it is a short, but through the magic of “we wrote the rules” it doesn’t get reported that way. Cool! + +I looked at GME back in January when all the shorts magically disappeared and I said “hey, maybe there’s something to this.” So I started researching enhanced lending and arranged financing and there’s unfortunately not a huge amount written about this that Google can easily find, yet a few of the things I’ve read suggest it’s not a particularly exotic subject in hedge fund circles. + +But I found this document on the SEC website which is amazing and even though it’s written about something happening to different tickers 5-10 years ago it perfectly captures what we’re seeing with GME today. + +https://www.sec.gov/comments/s7-11-15/s71115-19.pdf + +So this is a response to several questions about ETFs, and the first bit is about liquidity issues in ETFs and isn’t very exciting for us. Then it gets into chronic extreme short selling in ETFs. The author demonstrates the absurdity of the size of the short position. Certain ETFs were so heavily shorted that institutional ownership (reported periodically on SEC filings) would sometimes be as high as 700% of the outstanding shares. So the shares outstanding has been shorted at least six times over, just as evidenced by the size of the institutional position. One key difference is that we have a good idea of how heavily shorted these funds were because institutions were buying them heavily and reporting many times as many shares as should exist. With GME we have a lot of DD indicating that retail owns the float multiple times but it’s much harder for us to prove, let alone pinpoint the size of this position, as it’s not reported. + +It gets better though. So we’ve got these ETFs that are comically shorted. 700% institutional ownership should mean a 600% short interest at the bare minimum, right? 100% for the real shares and 600% for the synthetic ones. What does the FINRA short interest report show though? A fraction of that. So we have a stock with a demonstrably massive short position, but FINRA says that short interest is much lower than what we observe based on actual ownership. Remember that FINRA notice I quoted near the top? This document I found at the SEC explains how this happens. Rather than doing a conventional locate - borrow the SHF uses an enhanced lending / arranged financing program to borrow the share. This has several benefits: + +•Your short position does not get included on the FINRA short interest report. + +•The enhanced lending / arranged financing programs utilize prime brokers in the UK. Unlike the US where rehypothecation is a bad word, the UK is very laissez-faire about it. So we can wildly rehypothecate everything we can get our hands on. + +•FTDs also disappear because even if they’re happening they end up recorded off book and overseas, and not reported to American regulators. The funds being discussed in the SEC document had very low FTD rates despite having an insanely large short position with nowhere close to enough shares to cover the long positions. Sound familiar? + +The SEC document explains: + +> One of the reasons the NSCC data is not accounting for an adequate number of fails of U.S. securities is because some large short positions are book-entered with special financing conditions (sometimes referenced as enhanced lending, enhanced or arranged financing, with re- hypothecation as a transactional component). Most special financings are book-entered in offshore jurisdictions and accounted for outside of the U.S. national clearance and settlement system (DTCC/NSCC). The risks from re-hypothecation and similarly named practices have been building since the last financial crisis. These types of transactions appear to have been misunderstood by regulators, perhaps because they were misled regarding the nature and magnitude of the activity. The re-hypothecation process is well understood by sophisticated U.S. clearing firms and was developed to evade U.S. laws, rules and regulations. Arranged and enhanced financing are typically executed through divisions of the same clearing firm and entail loaning/borrowing synthetic assets/shares to/from another affiliated branch. + +So we have here a mechanism that explains two of the biggest questions about GME. Where did the short interest disappear to? Where did the FTDs disappear to? It also provide a mechanism for the sort of infinite rehypothecation that would be against the rules in US markets but sure seems to be at play in how heavily shorted GME is. + +It’s not surprising that a loophole like this exists in our regulatory structure. The rules are written in order to appear to take a strong stand against market manipulation and abuse while allowing these sorts of gimmicky backdoor tricks to persist so that nothing really changes. And it’s not surprising that hedge funds would resort to this specific loophole to hide their short position in GME, after all this is far from their first rodeo using this loophole to abuse short selling rules. Companies like Citadel brag that they make their money off arbitrage. I suppose they figure that playing fast and loose with the rules via regulatory arbitrage is the same thing. +I'm in the process of finding tenants for my first property, and I was contacted by two fire victims. Single mother and child. + +They are working with a company called CRS temporary housing, who would pay me the rent while their house is being rebuilt. As a bonus, they're offering to pay an extra $200 per month! + +They're offering to sign a 3 month lease, but intend to stay longer as rebuilding their house will likely take a year or longer. + +Overall, this seems like a great opportunity to help out some people in need and make some extra money doing it. Just want to know if there are any red flags I should be aware of. +Throwaway. Quick inaccurate numbers for context: both 40yo, married 19 years. NW: 1.5m. + +I own 3 companies, my shares are valued at about 15m (on paper). I expect to sell 2 of them in 2 & 4 years. + +My current comp: 1.2m +Hers: 100k +VHCOL. +2 small kids. +Married 19yrs. + +As an entrepreneur I’m used to ups and downs, hustling, but also taking care of my mental health, mindset, physical health etc. I also don’t mind spending a lot in order to live well now. My roadmap is clear (despite ups and downs). + +I’ve had set backs, which explain the relatively low NW. Generally as a strategy I’ve prioritized a higher eventual NW with a riskier path, over safe NW which might’ve ended lower (at least that was my fear). + +Wife comes from a frugal home. + +Moreover, her dad fatFired, then lost everything in a new business venture, and destroyed the family, plus millions in debt. Never recovered. + +She is obsessed with stability, and our current spending is raising her anxiety levels. + +On the one hand she’s enjoying the area we live in and the lifestyle we can afford. + +On the other hand, she is driving me crazy about money - she keeps feeling like we don’t have enough money, can’t afford our lifestyle etc. + +She refuses to spend on anything that might make our lives easier. + +We’re in couples therapy, and we both have therapists separately as well. She keeps wanting to cancel those because “it costs too much”. + +Ironically, her way of dealing with anxiety is shopping, which causes more anxiety. She keeps finding reasons to buy expensive clothes (I don’t mind, we can totally afford it), but again, gets stressed over it every month. + +She refuses to get help around the house because “it costs too much”, despite us being able to easily afford it. + +Ironically she also owns a business, and talented as hell. Makes 100k/yr in about 3-4 hours per day, but complains she has no time to work because she has to take care of the house and kids etc. + +Refuses to hear about being a stay at home mom. It’s a complex, i guess she doesn’t want to end up helpless like her mom after her dad’s downfall. + +As for me - no expensive hobbies, no status symbols, etc. but I don’t mind spending on things that help me reach my goals (e.g. personal assistant, help with the kids, cook, etc) - anything that frees up my time. + +Unfortunately she won’t cooperate so I can only do things that don’t have to do with the household, and feel like I’m held back and work harder. My ability to delegate ends when I’m out the office, and limited by her mindset. + +The one thing I don’t wanna compromise about is where we live. It costs a fortune, but it’s the best area in the country, best schools, business center of the country, etc. + +Thing is… + +As the kids grow, and with our city getting more and more expensive, decisions have to made. + +We need to either commit to this lifestyle or lower our expenses significantly in the hopes of it helping her anxiety (which I doubt), or her being calmer when I sell the first company, and hit FIRE (which I also doubt). + +At this point I fear we just want different things. She’s my high school sweetheart and love of my life, but I’m starting to think that maybe it’s best if we live separately. + +I kept waiting for her to “come around”. I keep thinking maybe I should’ve switched a strategy and prioritized a higher NW earlier rather than bigger later - but I doubt it really would’ve changed anything. I feel like it would’ve been the same with a 5m NW. don’t think we can realistically stay here. + +I’m tempted to change the strategy “for love”, but I can’t ignore that it will mean a much lower NW, and throwing away a few good millions if I sell now. And again, not sure it will solve anything. + +I can’t figure out how to bridge the gap in our mindset, and the things we want. + +Maybe if we separate and she will live in a lower cost area, on her own income + “alimony”, she will either get rid of her anxiety disorder - or come around and realize what she’s giving up for stability. + +I’m starting to realize I might have to choose between FatFIRE and her. + +Or maybe there’s a solution I’m not seeing? Maybe I’m looking at this childishly? Maybe I’m in an emotional loop I can’t escape? +You don’t have to be rich to pursue FI, but we all have different definitions of rich. + +NYT put out an interesting tool to consider the question: are you rich? It is localized by metro area, which makes it more accurate. + +https://www.nytimes.com/interactive/2019/08/01/upshot/are-you-rich.html?smid=nytcore-ios-share + +I was pretty surprised to find we’re in the top 5% pretty much everywhere except DC and SF. Did this tool change your perspective at all? +Ok... time to get serious. + +Who's getting heavy into Short Positions besides Citadel? + +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +&#x200B; + +WHO'S ALL IN? + +**RC Ventures LLC** \- Good to know the boss is all in! - 9,001,000 Shares - Valued at $159 mil 12.87% Ownership + +**Hestia Capital Partners LP** \- This is an interesting little company. 4,726,606 Shares - Valued $89 million - 6.75% ownership + +Founded and run by Kurt Wolf, who was a previous Gamestop Board Member. + +His Focus on Deep Value Investing: + +The firm focuses on identifying misunderstood companies that are typically generating significant free cash flow. Through intense research, focused on understanding the competitive dynamics of the industry and their impact on the company’s prospects, we believe we are able to successfully pick those companies which are simply misunderstood versus truly broken. + +Love it! + +\------------------------------------------------------------------------------------------------------------------------------------- + +We already spoke about the **Sessa YOLO**, but not to worry... we'll circle back on these puppets. + +\------------------------------------------------------------------------------------------------------------------------------------- + +Another big mover... + +**Prelude Capital Management** 1.2 million shares of GME PUTS valued at $242 million representing 6% of their portfolio and their 3rd largest position. + +**Co-Founded by** [**Gavin Saitowitz**](https://www.linkedin.com/in/gavin-saitowitz-298289/) **and** [**Cisco Del Valle**](https://www.linkedin.com/in/ciscojdelvalle/) + +&#x200B; + +[Gavin](https://preview.redd.it/9dya73jada571.png?width=200&format=png&auto=webp&s=afc114419970fc96f18d14900e095f46111c30fc) + +&#x200B; + +[Cisco](https://preview.redd.it/i7la1cicda571.png?width=200&format=png&auto=webp&s=faabce23b7ab45c2b6361d139d82925ec88be7ea) + +So these guys have owned GME previously, but since their last 13F, have increased that position by 1,264,700 shares of PUTS. + +Meaning... that's more than a 10,000% increase in their position. + +Remember my first DD that started me down this rabbit hole? + +[(Check it out here if not)](https://www.reddit.com/r/Superstonk/comments/nyt6l8/wrinkle_brains_needed_citadel_loading_up_on_high/) + +But that was focused on the junk bonds and particularly $HYG + +Well give a guess who else is HEAVY on $HYG PUTS? + +Yup... Our boys at Prelude. + +Reference: [https://whalewisdom.com/filer/springbok-capital-management-llc#tabholdings\_tab\_link](https://whalewisdom.com/filer/springbok-capital-management-llc#tabholdings_tab_link) + +They own 531,000 shares of PUTS in this junk bond worth $46 million and making up 1.19% of their portfolio after increasing their position by 151%. + +ADDITIONALLY... + +They own 450,865 shares of the stock itself. + +Now you may think this is just a hedge, but they added 419,906 of these shares since their last filing. (An increase of 1,356%) + +So what's interesting about this??? + +Well the top position in these guys portfolio is SPY (PUTS) - 863,100 shares valued at $342,072,000 + +And... in at 7th position they have QQQ (PUT) at 173,100 shares valued at $55.5 million + +So they're betting that the market is going to crash and they are jumping into GME and HYG Puts. + +(Funnily enough, Citdel's largest position is also SPY (PUTS) at 6.2% of their portfolio with 63.8million shares valued at $25 Billion) + +Both Companies have hedged against this, but both companies are betting the market is going down and are jumping to bonds. + +So we all know Citadel's relationship with GME, but why if this company knows EVERYTHING that Citadel seems to know, would they increase their PUTS on GME by 10,000%? UNLESS... they are helping? + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +And this HYG seems to be the lifeboat Apes. Look at the increase of the BIG BOYS jumping on HYG PUTS: + +&#x200B; + +[\(See Taconic in there right at the end too?\)](https://preview.redd.it/qwsqqd21ga571.png?width=1721&format=png&auto=webp&s=5e00c355a48f96e2c6ef4ae1e8f16779b3686926) + +Jane Street has HYG in their top 10 after increasing the PUTS by 150%! + +(Interestingly Jane Street are decreasing their SPY PUTS and Increasing their SPY CALLS) + +\- But lets get back on topic. + +\------------------------------------------------------------------------------------------------------------------------------- + +Who else is jumping on the HYG Bandwagon? + +How about **Ares Management**? A Brand New Position with 2 million shares valued at $174 million and their 4th largest position? + +Ref: [https://whalewisdom.com/filer/ares-management-llc#tabholdings\_tab\_link](https://whalewisdom.com/filer/ares-management-llc#tabholdings_tab_link) + +How about **Jefferies Group**? 1,342,700 HYG (PUTS) valued at $117 million and their 13th largest position. (They also have their top position in SPY(PUTS) - 2,435,608 million shares valued at $965 million. And QQQ(PUT) at 2.3 million shares valued at $759 million. + +Ref: [https://whalewisdom.com/filer/jefferies-group-inc-de#tabholdings\_tab\_link](https://whalewisdom.com/filer/jefferies-group-inc-de#tabholdings_tab_link) + +How about **GoldenTree Assets**? Buying the underlying stock this time, and actually decreasing it's position but still at 1,150,000 shares valued at $100 million and their 6th largest position. (You may remember these guys from Billionaires Boys Club Part 2, who also have a large PUT position in AMC) + +Ref: [https://whalewisdom.com/filer/goldentree-asset-management-lp#tabholdings\_tab\_link](https://whalewisdom.com/filer/goldentree-asset-management-lp#tabholdings_tab_link) + +How about **Blackstone Group**? Brand new position opened up (Late to the party) HYG (PUT) 100,000 shares at $8.7 million value. These guys also have SPY (PUT) at 9,084,800 valued at $3.8 Billion as their 4th largest position. +QQQ Puts at $2.1 Billion at 5th position + +Ref: [https://whalewisdom.com/filer/blackstone-group-l-p#tabholdings\_tab\_link](https://whalewisdom.com/filer/blackstone-group-l-p#tabholdings_tab_link) + +All of these companies seem to be making SIMILAR moves. Not identical by any means, and I'm sure there are lots of differences. + +But the moves also similar to Citadels Moves. + +I mean FFS... They are ALL saying the market is about to CRASH! Including Citadel! + +&#x200B; + +And are we **READY FOR THE BOMB DROP?** + +What do all of these companies have in Common? + +They are ALL run by Drexel Burnham Lambert Alumni!! + +Yup... He's at the center of it again! + +Reference: [https://www.cnbc.com/2015/02/13/where-are-they-now-the-drexel-alumni-25-years-later.html](https://www.cnbc.com/2015/02/13/where-are-they-now-the-drexel-alumni-25-years-later.html) + +&#x200B; + +https://preview.redd.it/hmu5jjnhta571.png?width=1080&format=png&auto=webp&s=e0ca2e7d8d5dc97dd4a4e12758ad79725a67f065 + +I'm not done yet... Just done for today + +BBC Volume 4 will be out tomorrow if you guys are still interested in this shit? + +&#x200B; + +BIG FUCKING EDIT: The Source Date for RC Ventures is Jan 10th and Hestia Capital for 12th June 2020. **ALL OTHER MARKET VALUES ARE AS OF 31ST MARCH**... + +&#x200B; + +Part 4: [https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire\_boys\_club\_bbc\_part\_4\_recess\_is\_over/](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) +My first time...... Y'all seem alright so here goes + +Share price: $1.60 +Mc: $238.158m +Shares: 148.85m +Sector: Materials +Disclaimer: Held + +(Edit: sorry, this is getting long now, was trying to avoid that) + + +About: + +Calix is a science/technology company that has developed a patented kiln technology ('Calix Flash Calciner') to process and extract minerals. Their technology allows them to address major global challenges through practical industrial solutions. The calciner technology is the foundation of their business, so you should try to understand it as well as you can. It will help with understanding future projects, announcements and research wherever it leads you. (Note: Kiln/calciner technology has literally not been updated/modernised for thousands of years) + +Tech - Summary: + +- Calix's patented calciner processes minerals via indirect heating rather than traditional direct heating. This results in a higher potency end-product, and is more environmentally friendly and efficient. + +- This also allows for capturing of carbon as a by-product to be repurposed or sequestered at a later date. + +- it's actually pretty simple and pretty smart. I suggest you checkout their YouTube coz [They explain better I am not scientist](https://youtu.be/88fIfcPLW2s) + +Currently, areas of industry that are being addressed are limestone and cement, waste-water treatment, aquaculture, agriculture, and advanced battery industries. + +Basically, they're addressing climate challenges facing major polluting industries and providing solutions. A major one being the cement industry, which contributes roughly 8% of global CO2 emissions. They are currently building their LEILAC-2 (Low Emission Intensity Lime And Cement) facility in Hannover after successful pilot in Belgium. + +Financials: + +FY20 + +Revenue: $24.44m, up 75% compared to FY19 + +EBITDA: $1.5m up 224% "" + +Profit/loss: -$7.08m, up from -$7.49m in FY19 + +- Acquisition December 2019 - US-based Inland Environmental Resources Inc. for $9.7m (AUD.. I think) + +- FY21 Trading Update (ASX announcements, 6/11/20) Figures as of end October: + +Total revenue YTD: $8.38m (up 124% vs YTD FY20) + +Sales revenue YTD: $5.78m (up 333% vs YTD FY20) + +Most revenues attributable to waste water treatment and aquaculture sales verticals as far as I'm aware. + +Why I like them: + +Great execution thus far. Good relationship with industry. R&d support from Aus govt (incl. tax bens and grants) and European Union. Bloody true blue Aussie business ay. + +Mgmt: + +See here because that's enough words from me + +https://www.calix.global/who-we-are/our-leadership-team/ + +For the podcasters: + https://open.spotify.com/episode/6jri8UaX52Nm05y96PoBit?si=cxrTc8djROWQwLYxIU3xLg&utm_source=copy-link + +KEBAB OUT + + +~ Updated + +Summary of products and solutions on market + +Products/Solutions + + +~ These are just summaries compiled into one doc. Please click links to further research, which will lead to Calix’s pages where you can see examples of practical uses and results in the real world. + + +~ Text is mostly direct from Calix’s website and sections contained within. Few and minor personal additions have been made. + + +~ ACTI-Mag = Magnesium hydroxide or Mg(OH)2 + + + +1. ACTI-Mag for Wastewater + + +a) Caustic soda (sodium hydroxide/NaOH) replacement + + +- While ACTI-Mag is typically more expensive than 50% NaOH on a “price per unit” basis, it is significantly less expensive in use – because every 1.0 kg of 50% NaOH can be replaced by 0.6 kgs of 60% Mg(OH)2 to provide the same number of moles of hydroxide (OH-) for pH neutralization. + + +https://www.calix.global/solutions/caustic-soda-replacement/ + + + +b) Alkalinity and pH adjustment  + + +- ACTI-Mag provides more CaCO3 equivalent alkalinity on an equal weight basis when compared to hydrated lime and caustic soda which lowers chemical consumption. Unlike caustic soda, ACTI-Mag is non-hazardous and non-corrosive, and even beneficial to the environment while sodium is a salinity hazard. + + +https://www.calix.global/stabilise-ph-and-boost-alkalinity/ + + + +c) BOD (biochemical oxygen demand) / COD (chemical oxygen demand) reduction  + + +- Reducing BOD/COD means that the sewage will support the growth of less bacteria and therefore the effluent will be better able to infiltrate tight soils. We can help you reduce the organic component from your wastewater streams. + + +https://www.calix.global/bod-cod-reduction/ + + + +d) Fats, Oils and Greases control  + + +- Higher concentration of FOG can lead to the formation of fat bergs (lol), scamming, pump blockages, pipe restriction, pipe blockage plus the formation of odour related issues like hydrogen sulfide gas (H2S). ACTI-Mag is a safe and environmentally friendly solution for FOGs in wastewater + + +https://www.calix.global/food/fats-oils-and-greases-control/ + + + +e) Odour and H2S control  + + +- Hydrogen sulphide is present due to anaerobic activity, which favours sulfate reducing bacteria (SRB) and results in the generation of a poisonous rotten egg gas called H2S. Unlike other agents, which can be costly, potentially hazardous, and targeted at a single issue, ACTI-Mag offers a safe and cost-effective strategy for managing odour. + + +https://www.calix.global/odour-control/ + + + +f) Phosphorus removal  + + +- Phosphorus – usually in the form of phosphates – has to be treated and reduced from the wastewater in order to meet environmental standards before it is discharged into a local water body, or land irrigation. With a chemistry similar to the antacids used in our human digestive systems, Calix can safely and cost-effectively remove phosphate from municipal and industrial wastewater. + + +https://www.calix.global/phosphate-removal/ + + + +2. ACTI-Mag for Biogas Management + + +- Treating wastewater from water utilities and industries has a dual potential benefit. Treated water can be recycled to help cut down industries’ fresh water use, and the waste load in wastewater can be converted to biogas and used to produce electricity. + +- Anaerobic digestion is a natural process that converts organic matter present in wastewater sludge into biogas for electricity, as well as significantly reducing the contaminant load in treated water. + +- The energy produced from the biogas can be fed back into the grid or used in other parts of the production process, which represents a real opportunity to reduce energy costs. + + +-  Key benefits: +Boost biogas volume by up to 20% + +Reduced soluble phosphate in the waste stream  + +Increased power generation from biogas  + +Less corrosion in generators and heat exchangers + + +https://www.calix.global/creating-renewable-energy/biogas-management/ + + + +3. Aqua-Cal+ for Aquaculture + + +-  AQUA-Cal+ is made by flash calcining a mixture of magnesite and dolomite (contains calcium) to produce a unique, very high surface area powder, and then hydrating the powder to produce a slurry for ease of application to ponds. It has been specially formulated to impact on both the aqueous and benthic ecosystems in the pond. + + +-  AQUA-Cal+ works as a water and pond bottom conditioner; clarifying the water, controlling pH and releasing alkalinity as required to aid in the digestion of organic matter. + + +-  With stabilised conditions in the pond, stress is reduced. When stress is reduced and water conditions are improved, both fish and prawns become healthier and more productive. Reduction in prawn mortality rate.  + + +-  Sludge volume reduced - pond bottom septicity is prevented + + +-  Iron suppression: Conditioning with AQUA-Cal+ removes the iron by flocculation from the water, significantly reducing turbidity and toxicity. The stocking of the pond after the water is conditioned reduces the subsequent mortality of the post-larvae. + + +- Results from trials on both Pacific White Shrimp and Tiger Prawns show that AQUA-Cal+ has a superior performance to probiotics in controlling ammonia, nitrite and pond bottom sludge. + + +https://www.calix.global/food/aqua-cal/ + + + +4. Aquc-Cal+ for Lake and Pond Remediation  + + +-  Algae control  + + +- Eutrophication in ponds and lakes has become a major environmental problem. + +- Nitrates and phosphates, especially from lawn fertilizers, grass clippings and leaves from surrounding parks, run off the land into rivers and lakes, detergents, food and human waste are often to blame. This, combined with little water movement can cause unpleasant odours and persistent blue green algal blooms. + +- Eutrophication can have serious effects, like algal blooms that block light from getting into the water and harm the plants and animals that need it. If there's enough overgrowth of algae, it can prevent oxygen from getting into the water, making it hypoxic and creating a dead zone where no organisms can survive. + + +-  Water clarification  + + +- Ph and alkalinity control, sludge digestion, removal of bad odours, reduction in phosphate and ammonia (struvite reaction), provide additional O2. + + +https://www.calix.global/lake-and-pond-remediation/ + + + +5. BOOSTER-Mag for Crop Protection  + + +-  Calix BOOSTER-Mag is a revolutionary (their words) agricultural solution for increased yield, more efficient fertiliser usage, insect/pest management, and fungal control.  + + +-  Safe, low-cost, environmentally sustainable and easy to apply, BOOSTER-Mag can improve yield and natural resistance to pests and diseases. It demonstrably provides a sustainable safety, simplicity and productivity benefit.   + + +https://www.calix.global/food/making-crop-protection-safer/ + + +6. LEILAC for Carbon Capture  + + +- LEILAC is piloting a breakthrough technology that will enable both Europe’s cement and lime industries to reduce their emissions while retaining, or even increasing international and cross sectorial competitiveness. + +- Carbon capture is not yet included in the available technologies for cement and lime.  The international and EU community recognises that CO2 emissions contribute to climate change, and the approach to reducing such emissions to-date for the cement and lime industries has been to increase kiln efficiencies and utilise alternative fuels. Once tested in LEILAC and scaled up, Direct Separation should reduce the costs of carbon capture considerably and accelerate the deployment in both industries.  + +Calix’s technology re-engineers the existing process flows of a traditional calciner, indirectly heating the limestone via a special steel vessel. + +This unique system enables pure CO2 to be captured as it is released from the limestone, as the furnace exhaust gases are kept separate. + +It is also a solution that requires no additional chemicals or processes, and requires minimal changes to the conventional processes for cement as it simply replaces the calciner. + +https://www.calix.global/reduce-co2-emission/project-leilac/ + +  + +OP’s conclusion: In my personal opinion, Calix’s competitive advantage lies in its environmentally conscious, top-down approach to being part of the solution of decarbonising big industries. They are all highly competitive spaces with a lot of different players working on a bunch of different things. At the end of the day it will be hard for them to be leaders in all, or even one, of these areas. However, the company is still young when you think about the scope and breadth of advantages to different industries that their technologies and processes accommodate.  + + +~ As always this information is for education purposes only, and is in no way a buy, hold or sell recommendation. Don’t seek financial advice from Reddit.  +Keytruda will reach peak sales of USD$24B by 2026.[https://www.evaluate.com/vantage/articles/data-insights/long-term-forecasts-confirm-keytrudas-dominance](https://www.evaluate.com/vantage/articles/data-insights/long-term-forecasts-confirm-keytrudas-dominance) Bisantrene as a platform drug has the potential to surpass this. Buyout transactions often occur at a minimum multiple of 4.8% + (average of industry peer is around 5.6x) + +Whilst i don't think RAC will have time to prove up this much before pharma swoops with an offer - to achieve that range which would = SP $873 per share at an estimated dilution of 200m shares. of course a transaction could Occur at any stage between now and then. (most transactions are done before phase II, some even at Pre-clinical) + +I think we can comfortably get to 10% as a minimum of this by the end of 2022 (Approx 18 months) as we will have trial readouts from all 3 pillars - Approx $17b buyout (immunomedics drug trodelvy was acquired by gilead for USD $21B for triple negative breast cancer which only effects a small portion of this indication) this is Pillar 2 for RAC however we have historic phase II/III data showing safety and efficacy on Breast cancer as a whole. + +Remember the forty seven transaction was for a small indication of AML and was acquired for USD$4.9B + +&#x200B; + +Most buyouts are for a drug that treats 1 - 2 indications, and has limited data of trials in humans. RAC doesn't have this problem, Bisantrene is going after a range of cancers and has been used in over 2000 patients successfully. + +&#x200B; + +What do you think this is worth to BIG PHARMA?? Sky's the limit if a couple of them want it + +&#x200B; + +**From the RAC Chief scientific officer =** + +**Success in Pillar 1 may mean Bisantrene achieves higher revenue that Keytruda.** + +**1. Keytruda faces competition.** **There are a whole lot of PD-1 inhibitors coming on to the market all in competition for patients. Pricing is comning under pressure.** + +**2. Keytruda only works in a minority of patients and we can’t predict well which ones.** **If inhibiting FTO makes Keytruda work significantly better in patients, and we can’t predict well in which patients, then bisantrene would just be given to all patients along with Keytruda.** + +**3. Newer drugs sell for more than old drugs.** **This is just the way the industry works. Bisantrene would be considered a new drug.** + +**4. The potential uses of bisantrene is far more than just as an add-on to Keytruda.** **Inhibiting FTO has a potential role to play in a range of different cancer treatment resistances (TKIs for example). If bisantrene works as a FTO inhibitor in the clinic then the market potential is massive.** +TL;DR - me pretending to be an analyst. If you just want a summary, skip everything that's not in bold letters. + +(Update: updated disclaimer, and my trading styles to make it simpler and clearer.) + +**Disclaimer:** + +**If you disagree with me, constructive feedbacks are always welcome. Please don't just buy stonks because I think they are good. If you like the stonks that I like, you buy. Otherwise, you don't. Keep it simple.** + +**I'm NOT A FINANCIAL ADVISOR.** + +&#x200B; + +Whenever I feel like I need to re-evaluate certain stocks in my portfolio, I'll publish my personal opinions on the stocks I review. It's not DD. It's my simple thought process for what to do with the stocks I hold. If enough people request DD on a particular stock through DM, I'll do a proper DD on it. + +Something you should know about my playstyle: + +* I only buy and hold until I don't like the stonk. I don't do options, and never go short on anything. I'll buy and hold as long as something about the company fundamentally changes. +* I used to be big on fundamentals and values. However, my current trading strategy places more focus on intangibles (mostly potential), because I think that's how the market works these days. If the company has real fundamental problems, I won't touch it. I consider things like how expensive the stonk is compared to its EPS, but it does not dictate my decision. +* I **mainly** like 2 types of companies: 1. ones burning money doing research (I like my lotto plays), 2. ones growing exponentially. +* I really really like buying stocks during its accumulation period. Money keeps flowing in, but the stonk not moving up a lot? Me like. + +My stock buying checklist: + +* **Hotness:** is the company in the industry where I think is booming or will boom? +* **Explosiveness:** do I think that the company has a potential? (investor sentiment, products in pipeline, exponential revenue, profit growth) +* **Dudness**: do I think that the company will survive to realise the potential? +* **Price:** is it at a good buy point? Make sure that it's not heated up too much temporarily. + +So, you see, I try to **buy the bomb, and not get ripped off by the arms merchant.** + +&#x200B; + +**$CSL: HOLD. Moderately bearish. I like the underlying stonk.** + +TL;DR - Hard to tell whether it's cheap or expensive. I just think that the underlying business model and the company's track record are rock solid, and is a great long-term play. I'm not expecting much in short-term. + +I got it as blue-chip, COVID play. It's bet on the vaccine from UQ failed and took the stock price down, and it hasn't recovered since. + +Absolute giant in the industry with a pretty decent growth. It is the number one player in a global plasma therapies industry. + +&#x200B; + +https://preview.redd.it/u32z877tg3h61.png?width=387&format=png&auto=webp&s=84c98f7a06e1907a2cf0ecc8b5138d4d6b2cede1 + +There were concerns of the share price running up too much last year, and there was/is plasma collection headwinds due to COVID. There is a chance that the price may fall a little lower. + +I really like the company and keeping my money in there, but I may pull out if I see a better opportunity elsewhere. + +&#x200B; + +**$ASB: HOLD. Moderately bearish. I like the underlying stonk.** + +TL;DR - I cannot figure out why the stock price of the company has been punished so much. It's underlying performance has been great, and it's still a great defensive stock. I'm still holding it because I can't figure out what would push the stock price lower, but it's one of the more "meh" stocks I hold. + +Geez... I got a lot of these defensive plays last year thinking that Australia was headed to an immediate recession, and thinking that Austal would get tailwinds from the defense spending during recession, and high international tensions. + +Austal is a giant blue-chip shipbuilder for commercial and defense vessels, and growing steadily with nothing wrong in sight. + +&#x200B; + +https://preview.redd.it/woyc4ecug3h61.png?width=368&format=png&auto=webp&s=83061e2a855c2611cf960c0f04225008b42599a5 + +It's earnings per share has been going up whereas the share price has been falling pretty badly. I think it's got to do with the bad media attention it got last year with corruption allegations. + +&#x200B; + +https://preview.redd.it/0audu14vg3h61.png?width=842&format=png&auto=webp&s=506f7d5fec2f0138ecb7b790872b099cc2fe8b6f + +&#x200B; + +**$CRW: HOLD. Neutral. BUT I really really like the underlying stonk.** + +TL;DR - overall, quite a mixed bag. I'm holding, but can't really recommend either buying or selling of this stock.This one is really special. I bought it for no other reason than my friends and I have been using it really well for the past few years. It's one of those, buy-what-you-use-or-see-everywhere things. + +Last year's performance was really bad, so the share price dropped quite a bit since IPO to take that into account. It's been ranging for quite a while, and when you look at the market depth, there is a larger buying interest than selling interest. + +&#x200B; + +https://preview.redd.it/vfw7yvyvg3h61.png?width=377&format=png&auto=webp&s=d8d2f0cf63ba704b6e223baf9fe1b19cad03be04 + +&#x200B; + +**$CI1: STRONG BUY. Neutral (I think accumulation period). Partnership with University of Technology, Sydney on Feb 1, 2021. I super like the underlying stonk.** + +TL;DR - it's a pennystock I'm waiting to absolutely pop! Solid business model, great past performance, and largely flying under the radar. Once people start noticing it, I think it will pop without a doubt. + +I'll do a proper DD in the coming days. Credit Intelligence (ASX: CI1) is a diversified debt restructuring and personal insolvency company. It's a personal pennystock that I'm expecting to absolutely POP. + +I got it for 3 reasons, and those fundamentals haven't changed. + +* I'm a BIG, BIG fan of stocks that doesn't move up a lot in price after mega volume transactions (if it skyrockets, I don't touch it). I believe it's a very bullish signal, and completely pops after a while. + +&#x200B; + +https://preview.redd.it/5n6wg09xg3h61.png?width=1157&format=png&auto=webp&s=cdc55c422c4dbd6112ab2d8a60fbad0289a2a7a3 + +* I'm a BIG, BIG fan of companies that are exponentially increasing its revenue and earnings year after year. That normally results in the stock price exploding at some point. + +&#x200B; + +https://preview.redd.it/iui25s9yg3h61.png?width=380&format=png&auto=webp&s=b0b3da20d558f668a2c27090f27e74933cb63747 + +* This is my hedge play against BNPL, and recession: I'm a big believer in BNPL, and I think that the current hype is completely justified. I personally think BNPL is such a big game changer. It's like how the world was never the same before and after the advent of Internet. Say what you will, but I think that the world before and after BNPL will never be the same. + +&#x200B; + +**$MME: STRONG BUY. Neutral (I think accumulation period). I super like the underlying stonk.** + +TL;DR - it's a pennystock I'm waiting to absolutely pop! Solid business model, great past performance, and largely flying under the radar. Once people start noticing it, I think it will pop without a doubt. (Yes. To me, it's almost identical play as CI1). + +MoneyMe is a Fintech lending platform company growing solidly. Basically, mostly the same as above. So, I will keep it short. + +* Yes, I love that volume and the fact that the price hasn't popped yet. + +&#x200B; + +https://preview.redd.it/e50jsnozg3h61.png?width=1155&format=png&auto=webp&s=77d7659e1b6cc1bac292cb427d287f02fd0a8055 + +* I just like exponential growth. + +&#x200B; + +https://preview.redd.it/ieoct461h3h61.png?width=378&format=png&auto=webp&s=95eef03189a224db58bb222907fac3973e3bd4ab + +* I just like lending and debt collection companies in general. It might not be as sexy as EV, or its super popular sub-category BNPL, but I will really, really like the sector for at least a couple more years. +* Oh, I'll do a proper DD in coming days, but I remember really really liking their product and the diverse talent in their management team. + +&#x200B; + +**$TLS:** + +**(Update 2) Man... honestly, it feels like you get stoned to death for mentioning Telstra here. At least, it hasn't lost me money, but hey, I get the point. I'll put the money into some other stock on Monday. Mention your favourite stonk in comments. If I like it after DD, I'll put my money in it, and upload a proofshot.** + +**(Update) Holy! So much hatred for this stock. I do believe that the community sentiment matters a lot to stocks. If anyone loves this stock, let me know in comments. Otherwise, this must be one stock that needs to disappear from my portfolio.** +These are some of the biggest companies on the ASX, and all have been putting in imo major distribution set ups. Distribution is the process of active selling by major market operators. It's followed by a mark down. Distribution is obvious if you look for it and shows up some key characteristics. The normaly process of distribution is a stock trends/is marked up. It hits an initial point of preliminary supply/selling. Bulls push it further until a buying climax occurs (max bullishness). A selling reaction occurs until a point of automatic buying reaction which creates a distribution trading range. A further secondary test of bulls establishes there is active selling and the price falls again showing a sign of weakness. Bulls attempt to push the price higher through upthrusts, these upthrusts get sold off and show further signs of weakness. Towards the end (right hand side) of the trading range the price can often attempt one final break out rally which fails, further weakness is seen, a final weak rally establishes the last point of supply (this often marks the channel for the subsequent downtrend). Breaks of uptrend channels/wedges are also often seen during distributions. + +IMO the market leaders in all the major ASX companies have been putting in tops since around November 2020, and a mark down phase should be after the market attempts one final break out rally in April. + +https://preview.redd.it/z1p4doo6k9r61.png?width=1475&format=png&auto=webp&s=cdabcc50fa3db7da6e19ea1b87c042171f7cd528 + +https://preview.redd.it/n9zucel7k9r61.png?width=1475&format=png&auto=webp&s=0548c3046229b54f97c1d0dd0e42f261b182a3e8 + +https://preview.redd.it/44chgb09k9r61.png?width=1475&format=png&auto=webp&s=9adc13b159bf05ae3eb42cdd833e8f8d2a10c36b + +https://preview.redd.it/3pldb848l9r61.png?width=1475&format=png&auto=webp&s=3058cd49e0c3f315a5d7b3d024081ff8f3bf84d8 + +https://preview.redd.it/2uplra99l9r61.png?width=1475&format=png&auto=webp&s=224551e80600b3d242fb2098fd710f26b6e7d299 + +https://preview.redd.it/chnb1c66l9r61.png?width=1475&format=png&auto=webp&s=eac2a4bc3e0e483c470ce02c01a8fec0c70d590f + +https://preview.redd.it/fuk87q4jm9r61.png?width=1475&format=png&auto=webp&s=719f94caa4a06d280c572b84a6a27d9bf74df08d + +https://preview.redd.it/zqyzfcbfn9r61.png?width=1475&format=png&auto=webp&s=168e8225c9909080a3e8c7396af84775c487b977 + +People who are new to trading and learning about patterns like head and shoulders etc might also recognise what look like head and shoulders patterns in some of these charts. This is because the BCLX/UT/LPSY aligns with the two shoulders and head from that pattern. Understanding it as a distribution though gives a better understanding of what the market is doing and why. + +The distribution trading range also has to be compared against a re-accumulation trading range since that also consists of range bound trading but is followed by a mark up. The key difference is the presence of quick sell offs of upthrust and signs of weakness in the trading range as these show active selling which pushes the price below prior supports. In reaccumulations tests of the support zone are bought up by the market and the trading range tends to be much more stable and less volatile. + +Also if you think whatever spec company you are putting your money into will be safe during a market wide sell off suggest you go back and look at how most of the spec sector did during Feb/Mar 2020. + +Finally taking a look at the XJO shows a couple of bearish set ups. + +&#x200B; + +https://preview.redd.it/iwbe1rk7u9r61.png?width=1475&format=png&auto=webp&s=1074bfe9638f0ffbd1d4f4d3283a22a6dc0dfb1a + +This broadening wedge set up which I first identified a couple of weeks ago is still in play. The important thing to note is that in the larger set up before the market attempted to make a further 'break out' which in reality was a fake out into the supply line. Note the first rejection occurred in January when many people were still dismissing any potential impact from Covid (Trump and his loons going on about it being contained), market had already well distributed from July 2019 to Feb 2020 before the COVID crash which in reality just completed the broadening wedge set up established from the start of 2018. A similar broadening wedge set up with a rally into the supply line in April (just as everyone gets 'bullish' because the market is rallying) then gets sold into and the market breaks. + +For those who started trading in the last year anyone who was bearish in late 2019/early 2020 was mocked as a "permabear" who "never make money". + +Imo the market is getting to pull back to the long term GFC trend again in the middle of the year, which should provide a really good time to buy the dip. As the charts below show. Daily chart shows how the completion of the broadening wedge would find support, then a weak counter rally, the complete the fall into the trend channel. This aligns with a very long term trend line support (ie the GFC trend line which has been established at multiple points including last september). + +https://preview.redd.it/or7dmn6jv9r61.png?width=1475&format=png&auto=webp&s=138a89037ed6f2b95971be994370291301f9ecd5 + +https://preview.redd.it/3hh4c42gv9r61.png?width=1475&format=png&auto=webp&s=9414966527229e8ec6bd84086433a2f4ec34162b + +This is a message to the admins of Reddit.com + +To the mods of other subreddits, + +And to every man, woman, and in between. Every child, teenager, alien, and furry, and whatever you identify as. As long as you have also wasted countless hours coming back to this site. And occasionally spent worthwhile time here as well. + +Reddit is facing a moment of truth. + +Right now, a situation is happening on the much memed, mentioned, and moonshootin’ subreddit r/wallstreetbets + +I don’t fully know the mechanics at work, but essentially, certain mods have been led to turn on the subreddit and destroy it form within. + +After scrambling for weeks about the GME situation, and unable to loosen the apes of WSB’s diamond hands, despite all manner of disgusting, blatantly transparent crimes, and manipulation, the powers against us, have finally found another way. + +Here is the only thread of this situation, which is being continuously deleted and taken down: + +https://archive.is/Q5Pqr + +And as u/zjz said, this can be stopped, but only if the admins of Reddit step in and do what is right. + +Whether you care about the GME, AMC, NOK, or BB stocks, or the retards (sic) who have thrown their money into this simultaneously capitalist gamble and resistance movement, you should care about people blatantly controlling and manipulating your website and its people. + +I know we all like to throw around the word ‘gay mod’ or your term of choice. +But mods generally, and genuinely do a great job taking care of their subreddits. +Especially the mods of WSB, over the past few weeks, who despite unprecedented growth of the sub, have done an absolutely Herculean job keeping all those apes throwing shit and bananas in a manner that is best for all. All 6 million+ of us! + +Yes, sometimes mods go over the line, usually due to ego. But they don’t try to take an entire subreddit down. + +This is wrong and you know it, and allowing this to go by unchallenged, sets a bad precedent for Reddit and the treatment of its people. + +Please, help us admins, you’re our only hope. +2-3 months ago if such a pump came,pеople would have shouted *end of bear market* *moon lambo* and so on. Now i see discussions about leveraged shorts, manipulation, scepticism towards the pump and overall constructive thinking. This shows how much the average investor has matured and that the dumb money might have really left. Very proud of this sub and im glad i joined it! +Our son has been referred to be tested for potential autism. Unfortunately even though we are insured privately (Europe) we got an appointment that is scheduled for in 12 months. + +Now I feel terrible for all the children and parents that have to wait that long to be seen by a doctor. I still want the best outcome for my family so we are considering to fly to the US to get our son checked out in the next three months (instead of 12). +Does anybody have recommendations of where we should start looking for qualified doctors and hospitals? Or is the Mayo Clinic our safest bet? + +We are happy to throw money at this "problem", but it hasn't gotten us far in our European country. My husband is convinced that it should be far easier in the US. Is it even possible to get appointments in the US in a timely manner? + +EDIT: Thank you for all your tips, suggestions and sharing your own experiences. They were all very helpful to read through! +After reaching FI, many people start optimizing for personal health since this now becomes the limiting factor to quality of life. What are your uncommon tactics for staying healthy? + +There’re the common ones: don’t smoke, exercise, eat properly. Get annual physicals with bloodwork, don’t defer seeing the doctor when you notice something strange. Do genetic sequencing to find genetic disease predispositions. + +Some context: I’m evaluating some uncommon preventative testing like annual full body scan (Prenuvo MRI) and would be curious if you’ve done this and found it valuable, especially given potential false positive rates for certain cancer +Hello, I hope this the right sub, if not could you please point to the right directio please, thanks in advance. +So basically, I am an EU citizen living in UK. +Everything aside I made a disicion to move back to my home country in EU (Lithuania) and since my hit 22's and was enrolled to private pension sheme, and since I was paying around £100 each to it for the last 5 years. +So my question is is there any chance that I can return my money, because I am leaving UK permanently. I can't find any information online. +If anyone has dealt with something similar and can share experience that would be nice. +Thanks in advance. +P.S If this has any difference, but I work in American company, and the name of the private pension sheme company is "BlackRock" whick is also an American company (again if this has a diffrence at all). +The other day I got a statement in the mail at my home address from US Bank. I don't have any accounts at US Bank. I have never had any accounts at US Bank. The statement was a standard looking monthly statement for a US Bank checking account in my name. There were no transactions. It showed a balance of $0.00. + +I thought this might be a prelude to some type of fraud, perhaps transferring money from my real bank account. I tried to login to this US Bank account on their website. I went through the process to register a username for "my" account and they said they would text me a code to my number ending in XXXX (last four digits of a phone number I've never had). So, I couldn't do that. + +I called US Bank and told the customer service rep what was going on. She immediately forwarded me to the fraud department. + +The fraud guy looked up "my" account and told me that it was opened by their "back office" about three weeks ago. He seemed unconcerned. He said to wait a week and see if I get something in the mail explaining it. If not, call back and they can close it. + +Did this ever happen to anyone? I'm wondering what is going on. +EDIT2: **Roth 401k (not Roth IRA) vs. Traditional 401k** + +Since both tax savings are commutative, the only thing that matters is the effective tax rate paid at the end. + +Let I = pre-tax income, r = annual return, x = years invested + +Roth = I \* r\^x \* current\_marginal\_tax\_rate + +Traditional = I \* r\^x \* future\_effective\_tax\_rate + +So the only time Roth is more advantageous is if your current *marginal* tax rate is lower than your future *effective* tax rate. + +Most people won't withdraw more than their annual income from their traditional 401k, so we can assume that *marginal\_tax\_rate >= effective\_tax\_rate*. + +The common advice is if you're at the beginning of your career, you're earning lower, so you should put it in a Roth. The Federal marginal tax rate between 40 and 85k (reasonable starting income range) is 22%. To reach an effective Federal tax rate of 22%, you'd have to earn 227k. Meaning, you would have to expect to withdraw 227k per year from your traditional 401k for Roth to start making sense, a whopping 167% higher than the top income in that bracket. + +Against intuition, Roth seems to actually do better when you're in the 85k to 163k bracket. The breakeven point is 270k per year, only 65% higher than the top income in that bracket. + +Then, once you're in the 163 to 207k bracket, Roth performs considerably worse. The breakeven point is 800k per year, or 286% of the top income in that bracket. + +For the 207 to 518k bracket, the breakeven point is 2MM, or again 286% of the top income in that bracket. + +Once you're past 518k, there's never a breakeven point. + +Additional assumptions: almost all your income at retirement comes from 401k, since the rest are taxed as long term capital gains. If you have rental income, it could flip towards Roth since traditional withdrawals are now taxed at marginal instead of effective. I also simplified the calculations to only federal taxes since each state is different; some have flat rates, and brackets are different per state. + +Caveat: a wrench that could throw off the calculations is future tax increases, which we currently can't predict, but the 65% to 167% buffer is quite high so even moderate tax increases wouldn't put Roth ahead. + +EDIT: /u/Jr712 mentioned a nice article in the comments with visuals: [https://thefinancebuff.com/case-against-roth-401k.html](https://thefinancebuff.com/case-against-roth-401k.html) +We are a Chinese American family living in Silicon Valley. Me and the wife, and 3 kids (7yo, 3yo & newborn). I grow up in Silicon Valley and wife is from Southern China. + +The plan is we should be able to reduce work to a few months a year and live off cashflow from investments. I'll fly back to the US for a few months of work (real estate investing), sometimes alone and sometimes with the family. Currently, we live in the SF Bay Area where the cost of living is crazy high. We make a good six-figure income but the cost of living in this area means the money doesn't go very far. + +I want to be able to spend more time with the kids and really enjoy their childhood with them. I'm looking at the MM2H(Malaysia My 2nd Home: 10yr multi-entry visa) program. We won't have a problem with meeting the financial requirements. + +I've listed some pros of cons to get some feedback from this community. + +Pros: + +* Good and reasonable priced private schools that will teach in both Mandarin and English. (my research is showing a cost of between $3500 to $5000 per student per year) From many examples, Chinese kids rarely learn their Mandarin at a deep level unless they are in a really good immersion program which we don't have access to in our area. My expectation form then tech people I've met is that Malaysian schools are no slouch when it comes to math and science. The kids are American Citizens and will be returning to the US for University and work after. +* First world luxury apartment living at a very reasonable price ($1100 to $1300 for 3 to 4 bdrm \~2000sf) +* Great diversity of people and culture in Kuala Lumpur +* Great diversity in food (many Asian types and western too) +* Great geographic location so it will be convenient and economical to travel to countries. In about 4 hours or less to Bankok, HoChiMan, Shenzhen, Hong Kong, Bali, Manila +* Very affordable healthcare. (premiums of the family of just $350 per month or less (budgeting $5K for premiums and out of pocket): a bargain compare to US premiums of $2200/mo + Out of pocket which I would have to budget $30K in total for medical since my company won't be covering me anymore (face it the US health care system is a vampire) +* The total cost-of-living budget of just $55K in KL vs over $200K in the Silicon Valley + +Cons: + +* Need to find new friends and social connects +* Stepping out of the machine that is Silicon Valley +* Hot and Humid weather +* Having to learn how to get even the most basic things done +* Learning to drive on the wrong side ;) + +Please let me know what I'm missing or leaving out. I'm trying to structure this as a FatFire move and the easy ability to get back to the US if things don't work out as I hope it would. The idea is my cash flow is over $250K with a burn of only $55K leaving plenty to cash to grow my NW. Current NW is around 5m. Originally I was looking to get to 8 or 10m before stepping away from work. But the kids aren't staying young forever. I'm telling myself I'm doing this for the kids as much as I'm doing this for myself. + +I'm choosing KL Malaysia because almost everyone there speaks English (my Chinese sucks). First world living at almost 3rd world prices. + +I know I said we are Chinese American, but this doesn't have to be the case to have KL work for you. I think it's for anyone that wants to raise kids to be global citizens. Malaysia is learning heaps from their neighbor to the south, Singapore. +See title. I couldn't source it but the bedpost tale is not new, I read about it on Superstonk about three weeks ago. And now, the sub is absolutely flooded with it... Okay, Kenny is a neanderthal, move on. Is there some sort of DD that has been pushed to the bottom of all of the spam? +I'm totally aware that this will be probably the most downvoted post in the history of this sub. But I don't care. + +Algo is the most shilled coin on reddit. I am the unlucky one and took the bait and bought Algo because of the shill. I did the research and on paper everything looked great. Fast, secure, reliable. I have read a lot of articles, read whitepaper and bought Algo. But now after half a year of holding I have to say that it's really bad. And I'll tell you why. Keep in mind that I'm talking about the WHOLE ALGO ECOSYSTEM and not blockchain itself. + +1. Dapps - like currently there are 5 or 6 daapps? This is a joke. Younger chains have hundreds of them but in algo ecosystem there are 5 or 6 dapps and they are working really bad (more about this in the next points. The chain being young is not an excuse because other chains have much more cool and usefull daaps. Algo dapps are using AVM (Algorand wirtual machine) so the adoption will be always slower and slower. +2. Dapps working like shit. Many of those daaps rely on a single source of truth that is Algoexplorer API. It has constant problems and because of that platforms like yieldly works like shit. November and December was horrible. There wasn't a single day without any issues. +3. Official wallet... Sometimes is not working. Or not working correctly. It's too dependant on Algoexporer api and AWS. +4. ALGO is CENTRALIZED +5. No rewards for running own node +6. Yesterday the only Algorand DEX tinyman was compromised and hacked and all liquidity pools are gone. +7. Horrible marketing. +8. No clear roadmap for 2022. +9. Unfulfilled promises (example? about increasing TPS) +10. A lot small ones like poor website (doesn't look professional) and poor communication with Algorand Foundation +11. The Algorand community on reddit is so toxic and blind. If the Algo price is increasing they are posting charts and yelling how awesome Algo is and the pump is incoming. When it's down they claim that it's just because of bitcoin? You get it? Algo UP - it's because algo is awesome? Algo down - because of bitcoin. They hate every other chain because only ALGORAND is the best. +12. Poor price action comparing to other scalable solutions. + +Ok some of you may disagree with some points but most of them are straigth facts. Please research about the recent Hack and algoexplorer problems. + +Edit: Thanks for all rewards! +Some of you may remember that last month I posted about C69 cycle and it got to tops and then I deleted it in less than 24 hours because I didnt want it too much exposed because everytime we find out about something they crush it. + +# FIRST STAR + +Lets see the C69 dates again in the next graph. + + +https://preview.redd.it/11iliimm6at91.png?width=1794&format=png&auto=webp&s=a18594747df310159d41f0dc64b451c53369baa8 + +As you can see its not always 69 days. Twice it was 70, once 67 and once 68 if you mark either volume spikes or price spikes (check arrows at bottom). This happened 6 times in a row. You know the odds of that being a random event? Almost impossible. + +Also the big green dildo was not always exactly on the starting date of the cycle. November and March it was 2 days after. I know this cycle was posted and went to the top again and since nothing happened on 10th October the naysayers showed up to the party. + +By the way, it was not supposed to start on the 10th but the 11th of October. I know you felt something different about today's price action. SP500 down big time and GME up almost 5% at one point. + +&#x200B; + +# SECOND STAR + +RC breaks a 48 consecutive day twitter silence on 11th October precisely on the date of C69. What are the odds? Cohencidence? + +&#x200B; + +https://preview.redd.it/z1jg2nfe8at91.png?width=537&format=png&auto=webp&s=bd37e5246fbeb1dd196ddd3423e7f45348511f81 + +https://preview.redd.it/1ssqu1x68at91.png?width=602&format=png&auto=webp&s=138f8d7c9d5e0a65afe80e9e91db19f0edffc6c7 + +# THIRD STAR + +EDIT1: First RC tweeted about sex. You know what that means right? Sex tweets we go up and shit tweets we go down? + +RC tweeted this on May 25th on top of a runup and the following trading day on 28th we went up 25% + +https://preview.redd.it/6ecp8d6v8at91.png?width=600&format=png&auto=webp&s=e326801a326389f3231663c0c020decf2f569afd + +Moon will occult Uranus october 11 - 12 [Link to this article](https://earthsky.org/tonight/moon-occults-uranus-october-11-12-2022/) + +Just another Cohen-cidence + +https://preview.redd.it/tzu7pc9f9at91.png?width=617&format=png&auto=webp&s=764c3af31559e933f95e1c47360ecadcf5e7be33 + +# FOURTH STAR + +On top of all the above we have a 3.8 Milly buy in AH + +https://preview.redd.it/u0lwybpdbat91.png?width=640&format=png&auto=webp&s=89db20c3060a384e886225f7fd51bb0c39af9286 + +**My question to you is:** + +**What are the odds of RC breaking the silence on C69 day after 48 days of silence and on that same day Moon occulting Uranus and 3.8M buy in on AH all in the same day** + +**Do you believe in Cohencidences?** + +&#x200B; + +# Final Remarks + +Also VIX at 34 and SP500 at lowest point in the year right before PPI and CPI and FED minutes and 3rd GDP advance estimate on 27th. If bad news we would have panic selling and the market would drag GME down. But I believe FED will have to be dovish to prevent that because they want a zigzag market and not a straight down market. They still have a lot of shit to unload and they dont want to sell at a big loss. Either way the volatility will be very high because we are at a breaking point in the markets and SP500 is just above 200 WMA. + +&#x200B; + +Thanks for coming to my TED talk +That's always been my only issue with that. Because landlords are some greedy people, and if they raise the minimum wage (which should have been done AGES ago) whats to stop them from raising the rents? + +"Oh, you're making more money so you can pay me more money!" + +Won't that just inevitably keep us in the endless cycle of poverty and living paycheck to paycheck? Can they make a law preventing them from raising rents should we get our wages raised? I mean, otherwise, what's the point? You're making more, but paying more for the exact same shitty apartment. And there's no extra money in your bank account, and it's made zero difference to your savings account. (As if most of us can afford to NOT spend everything and actually put it aside for savings, right now) + +If I am misunderstanding the laws and if there IS already a law preventing that, please let me know. +Lately mainstream media sites are spamming me with "inspirational" stories like: + +* This one lady became a tiktok superstar selling excel spreadsheet courses. + +* These artists paid off their house by making some digital product! + +* These kids are making $1,000 a month designing roblox games. + +So are you guys doing any side gigs in additional to your day job and wheeling to make extra small fortunes on the side? +Assuming GME is done. Any thoughts? + +https://preview.redd.it/j155r6slkhc81.png?width=719&format=png&auto=webp&s=e5e61129f1657aa19930529a4a6d18bf5d1932ce +The title speaks for itself. +Since the introduction of the LISA 5 years back, house prices have risen ~30%, and inflation has been ~10%. In some parts of the UK the house price growth has been even more severe. Did the government just not forsee this level of growth? Or is it time they upped this property purchase cap? + +I personally think the limit does need increasing, or should at least be tied to inflation. I didn't like the Help to Buy ISA which used to seperate out London from the rest of the UK as this seemed somewhat unfair, so perhaps this needs addressing at a national level. +I live in the South East, and £450k gave you a lot more purchasing power 5 years ago than it does today. Of course that's expected, but the level of house price growth we've seen since then has made this sting even more. + +Interested to hear your thoughts. +Watchlist 1-8-21 👀 + +“Stock futures traded flat as the overnight session kicked off Thursday evening..the muted after-market moves came following another rally in equity markets during the regular session, with each of the three major indices rising to record intraday and closing highs” Emily McCormick + +Hot Sectors/Industries: + +1. Renewable Energy Equipment & Services #SUNW #PECK #FCEL #BLDP +2. Auto & Trucks #WKHS #NIU #FUV #AYRO +3. Marine Freight & Logistics #GLOG #DAC #TOPS #SHIP #SB +4. Entertainment Production #LUX #ROKU #BTN #ESGC #GNUS +5. Renewable Fuels #GPRE #HTOO #AMTX # REGI + +BTC/Blockchain: + +$BTC OVER 40K + +$PIXY - ShiftPixy's Blockchain Use Case + +Sympathy/Related #EBON #MARA #RIOT #MOGO #NXTD #EBON #DPW #MGI #BTBT #ZKIN #XNET #PHUN #IDEX $SPI #IPDN #FTFT + +MARIJUANA: + +$SNDL - Over 825 million shares traded today and all of the social media community is behind it strong! If we see a break of $0.70, SNDL will see $1 very soon after. Pot stocks are hot, and this one is cheap as can be with literally no debt and a ton of potential. + +Sympathy/Related #ACB, #TLRY, #OGI, #CGC, #HEXO, #CRON #HUGE #KERN + +RENEWABLE ENERGY/EV: + +$WWR - Currently in a bullish pennant set to break soon. The company recently sold all of its Texas and New Mexico uranium to EnCore Energy. The owner of EnCore Energy believes that uranium is about to have a major change in the next 12-24 months and believes they are buying at a discount. WWR received 2,571,598 common shares of EnCore from the purchase and debt restructuring. + +Sympathy/Related:: #SPI #WWR, #CBAT, #PECK, #PLUG, #CLSK, #FCEL, #OPTT, #SUNW, + +\#GEVO, #AMTX, #PEIX, #VUZI, #NKLA, #WKHS, #NIO + +SPACS: + +$IPOC $ $CLOV - IPOC merged with Clover and the first day on market with new ticker is tomorrow. Social media community already talking it up and wants to run it. Possible to see $30's tomorrow on high volume. + +Sympathy/Related: #IPOE & #IPOF #GHIV, #BFT, #NGA, #SSPK, #STPC.U, #SBE, #ACEV, #ESSC,#THBR, #FIII, #CCX + +EV Sector: + +$TSLA - 52 week high $816.99 - Elon riches person in the world. Jeff Bezos who? + +Sympathy/Related: #PLTR #IDEX #SOLO #AYRO #FSR #$NIO #BLNK #SBE #KDNI #AAPL #FRSX + +TECHNICALS: + +$CCL - CCL is currently in a bullish pennant. With renewed stimulus talks coming again next week to discuss helping the distressed industries of america, this is sure to get a break to the upside. Looking for a quick 15-20% move at the end of the pennant. + +$NAKD - NAKD has finally put in higher highs and higher lows switching the daily trend for the first time in years. There was over 263 million shares traded today in anticipation of a monster move coming, which nakd is known for doing. It isn't out of the scope of reality for this stock to randomly spike 300-800% during a bullish trend. The volume we are seeing here is only the beginning. + +$WISA filed a 13G on the sec today with Lind Global Marco Fund, LP for 838,955 sole voting power & soled dispositive shares for 9.9% stake in the company. + +$GSAT Globalstar Announces Nokia Deployment Over Licensed Band 53 at Port of Seattle. Ran today on this news strong close looking for continuation move. This is big news for this company. + +$UAVS Drones set to deliver packages 'everywhere' in country in near futureUnmanned aircrafts will be able to fly over people and operate at night under new rules cemented by FAA Sympathy/Related: $VISL $MDGS + +$OCG – SWING RSI is set up for a jump. MACD is prep and waiting for any catalyst. First line of resistance $6.52, but if it finds support then we may see a jump to $9.77 + +Backburners: #FTFT #DDD #SOS #ENG #IPOE #SUNW #ANY #PECK #XENT #UVAS #IDEX #WORX #ENVB +Basically owed 433 to Progressive, + +Kept laying it off more and more, until a debt collecting agency grabbed it. + +I don't mind paying for a debt I incurred, so I told him I want to pay in full today, + +He said that there is a convenience fee, I told him Progressive is still allowing me to pay it with no fee, + +He then waived the fee. + +Did I do the right thing? Should I take more caution next time? + +Is there something to look out for now that I paid? + +Do let me know, thank you +Hi all - could really use some help with this, as I am in no way a financial expert. Apparently, part of Biden's Build Back program will limit Roth IRA contributions for those who make over $144,000/year: [https://www.cnn.com/2021/11/29/success/backdoor-roth-ira-roth-401k/index.html](https://www.cnn.com/2021/11/29/success/backdoor-roth-ira-roth-401k/index.html) + +>*The provisions are included in the version of the bill that recently passed the House, and is set to go to the Senate for consideration in December.* +*While you won't get a tax break for your contributions to a Roth IRA, the after-tax money you put in will then grow tax-free and can be withdrawn tax-free once you reach retirement age. In 2022 you can contribute up to $6,000 a year ($7,000 if you're 50 or older).* +***High earners, however, are prohibited from contributing directly to a Roth IRA if their modified adjusted gross income in 2022 is at least $144,000*** *($214,000 if married).* +*But they can still create a Roth IRA through a so-called "backdoor" strategy that involves converting their other IRA savings.* + +I current make above the "single" limit (I'm married, but we currently do all our finances separately for the time being, and we'd go over the $215K anyway) so I'm wondering if my options are to do the backdoor (which frankly seems like a pain in the butt) or start looking at other strategies. + +I have always liked the ease the flexibility of my Roth, and while I support much of the Biden Build Back agenda, this is something that I wouldn't be opposed to getting scrapped. +I’m really wanting a new Chevy Bolt. Chevy just discounted the price of their Bolt less -$6500. With a trade in I’d be looking at about $24k car or about $555 per month with car payment/insurance. + +I’m not usually a fan of car payments. I have an old Honda Fit that I own and is very reliable, but gas prices are so high right now, even after getting 30 mpg in my Honda. + +My current bills are roughly $1100 per month including rent and my personal bills. I’m going to be starting a new job in 2 weeks that’s $85k per year salary. + +I know I can afford it but my question is should I even buy it? Is it worth it to get another monthly bill just to save on gas? Or continue on with the car I don’t have a payment on but pay exorbenant gas prices. +I have recently been reading up on why buying a single family home/condo to live in is a bad investment, and i think there are some valid points in these arguments. However, here in Las Vegas the mortgage (plus HOA fees) on a condo in a decent area would likely be at worse equal to the rent of a comparable apartment, and certainly less then the rent on a house. We dont plan on leaving Vegas in the next few years, so am i off-base in thinking that it makes no sense to rent when we can afford to buy a condo? +Would love to hear people’s property experiences today. Here in Melbourne I wasn’t heading out to any auctions, but one Kensington property priced 1-1.1 hit 1.2 so there’s that... +https://www.domain.com.au/41-brickworks-lane-northcote-vic-3070-2016316842 + +How were things in your area? +This a request to the FOIA activists. Unfortunately it’s not me, but the request should be very specific. + +Any communication where “squeeze” has been used. We should not be asking this request in any context to the current GME situation, but rather has the SEC ever said something as ridiculously unlawful that they would not enforce the rules because it may trigger a “short squeeze.” + +GG may be a good guy, but this is unacceptable behavior past or current leadership. +It’s like no bad news matters anymore. Unemployment, oil, new deaths, trillions borrowed more by the fed, etc. Nothing seems to shake the market. Just look at today. Started red and rallied like crazy. Why? Things aren’t returning to normal anytime soon. It just doesn’t make any sense. +Hello to everyone in this sub. I am fairly new to Forex trading. I have been slowly studying forex since December of 2018. Because of other obligations such as college sports I couldn’t give as much time as I wanted to. So I settled for watching a bunch of different trading videos.. not to necessarily copy them but see what common things all these traders say and do. Just recently I have started the babypips course as I now have a lot more time on my hands! I feel I have been learning quite a bit and it is very exciting! + +I have been using a demo account on MetaTrader4 and I seem to make very decent profit, when I’m focused and locked in. I’m not sure if posting screen shots are allowed in this sub so I won’t show them. I say this to express that I am slowly getting the confidence to put my own money into an account an begin the real deal Holyfield. + +This post is really just to say thank you guys for some of the information posted in the sub. And also if you guys have any tips (not like your secrets or signals, I want to learn this on my own) but maybe stuff like: + +- things you wish you new before starting +- platforms you use for charts (as of now I’ll I have is metatrader4) +-apps / websites you may use for for fundamental information +- some helpful indicators? +- maybe some live streams of people that do live trades or something along those lines +Thank you all! +I'll be having around 500k or so in the next few years and i'd like to get some passive income going my way. Everywhere I see 8-12% is where your ROI should be for rental properties you buy. Is the 500k mark doable, or is there more needed, etc etc? I'm fairly new to real estate so any advice at all would be of great help. 50k per year profit is my goal. +As stated in the title this market is full of fraud and crime , although we already know that. + +It’s such bullshit J powell and yellen and the rest of them are trying to change the definition of a “recession” we all know we are and have been in a recession the last 6 months. Instead fucking spy goes up all time high and no sign of crashing anytime soon. + +Anyways , just wanted to blurp that out. + +Buy. Hold. Drs. + +Power to the players 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +EDIT : SPY IS A CONFIRMED MEME STOCK +This is a follow up thread on this [this](https://www.reddit.com/r/eupersonalfinance/comments/zlhal5/is_euro_the_safestmost_stable_currency_in_europe/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button), where a lot of people are suggesting and are comfortable with the idea that savings should be invested in the stock market rather than depreciate by staying in a bank account. + + +I've posted similar questions couple of times before, asking for advice on how to invest and if this is a safe way to hold money.I got valuable responses but still, as someone that comes from a family that never invested, I cannot see myself doing it. + +I have this fear that essentialy I am blowing my money in the air by investing. +It just seems too risky. +And Ive never gone through the proccess in the past. + +(I literally dont even know how would I withdraw money from the stock market in case I need it.Is the liquidity considered the same as bank account savings?) + +As opposed to bank savings, where from a young age I got a taste of the security and trust that you get with bank savings, knowing that I am essentially two blocks away from my money.(Drive to the bank, check my balance, withdraw amount from the ATM) + +Another problem is that there is always going to be some arguing in the opinions I get, always someone is presenting the option X as the 100% only safe option to put my money in, only for the following commentor to disregard this opiniom as too risky etc. + +I am sorry if this looks like a rant.I would love to hear your advice. +Hello all! I was thinking in investing my money (2k initial + 500€ every month) in this fund. But I have some different questions that I would like you can answer me. + +1: I will invest in Deutsche Borse Xetra. Is it different from Frankfurt Stock Exchange? And should I have any concerns on this topic? + +2: Is it going to be everything in Euro or there are some stocks in USD? Is it Euro-hedged? + +3: I'm going to invest in trading 212. Is it a good platform? I didn't find any commissions there. Do you know how will they earn money with me as I will only invest in this ETF? + +If you only know answer to one question only please answer I'll be very appreciated. Thanks :) +https://www.reddit.com/r/Superstonk/comments/mwgpyp/filing_through_this_proxy_and_we_got_a_non/?utm_medium=android_app&utm_source=share + +According to this post stating that 16 million are publically available, DFV owns 1.25% of the available float. + +The rest of us apes probably own the other 98.75%, plus another 1000% on top of that. +Check the nasdaq daily short volume data. GME was shorted 77% of the volume yesterday. Short attacks and not a sell off. Don’t confuse daily short volume data with short interest data which comes out tonight and twice a month. + +Go to the official government site here + +[https://www.investor.gov/introduction-investing/investing-basics/glossary/short-sale-volume-and-transaction-data](https://www.investor.gov/introduction-investing/investing-basics/glossary/short-sale-volume-and-transaction-data) + +Click on NASDAQ (includes The Nasdaq Stock Market, Nasdaq BX and Nasdaq PSX markets) + +it'll take you to + +[https://nasdaqtrader.com/Trader.aspx?id=shortsale](https://nasdaqtrader.com/Trader.aspx?id=shortsale) + +and go to Access Options -> Short Sale Data Files + +It'll take you to this + +[ftp://ftp.nasdaqtrader.com/files/shortsaledata/daily/](ftp://ftp.nasdaqtrader.com/files/shortsaledata/daily/) + +This proves that the drop was mainly shorting and not selling. Check last week and you’ll find the same proof. + + +Edit: A reminder that this is my opinion and not financial advice. I'm not recommending anything. Look at the data yourself and come to your own opinion. +# Intro + +We often discuss on this sub how the members are not representative of the UK - attracting those at the extreme ends of the scale. + +After improving my finances with *the flowchart* and /r/YNAB I've also started to track my net worth in Excel so I can create additional charts! + +After becoming thoroughly embedded in the purple Step 8 of the flow chart, I recently created a chart of lifetime earnings and net worth, shamelessly ~~stolen~~ inspired by this [article](https://www.mirror.co.uk/money/woman-explains-how-retired-just-25079283). + +I added UK Average as a benchmark (while it won't really change the outcome, a benchmark does add some context). Since I'd pulled the data, I thought sharing it here could promote some interesting discussion and maybe help give some perspective about our community. + +# Charts + +[https://postimg.cc/gallery/bvdsrpj](https://postimg.cc/gallery/bvdsrpj) + +1. UK Average Lifetime Income and Net Worth +2. UK Average Lifetime Income and Net Worth (16-40 at a better scale) +3. UK Average Lifetime Income and Net Worth (40-60 scaled as best I could, note Y-Axis starts at £100k) +4. Change in Net Worth from Previous Year +5. Average Income By Sex +6. Average Lifetime Income By Sex +7. Data Table + +# Sources + +Income: [https://www.ons.gov.uk/peoplepopulationandcommunity/wellbeing/articles/humancapitalestimates/2004to2018](https://www.ons.gov.uk/peoplepopulationandcommunity/wellbeing/articles/humancapitalestimates/2004to2018) + +Net Worth (NW): + +[https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/totalwealthingreatbritain/april2016tomarch2018#total-household-wealth-by-age-of-household-reference-person-hrp](https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/totalwealthingreatbritain/april2016tomarch2018#total-household-wealth-by-age-of-household-reference-person-hrp) + +# Methodology, Assumptions & Limitations + +**Income/Earnings:** Nothing particularly sophisticated - data copied and pasted directly from the ONS source. Average Income calculated on the assumption of 50% distribution between the sexes. I think it's more like 49% male and 51% female. The source doesn't mention gender, only sex, so more data or statistics would be required to draw any further insights. + +Annoyingly, it's not clear whether this is gross (pre-tax) or net (post-tax) income. Compared to other similar statistics, it is *probably* gross income. + +**Lifetime Income**: Running total of income. + +**Net Worth (NW):** I could only find Household NW data for the age group of the "[Household Representative Person](https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/families/articles/familiesandhouseholdsstatisticsexplained/2021-03-02)" (HRP) so there were more calculations/derivations involved in this dataset. Includes property, financial assets (investments, ISAs, bank accounts), pensions and physical wealth (cars, jewellery, TVs, yachts (probably)) + +To calculate individual NW, I divided Household NW by 1.9 (the average number of adults per UK household) . + +For each age group (e.g. 16-24) I picked the middle age as a nominal age (e.g. 20) and assigned the NW figure to that age group. + +For each age group, I assumed that the rate of change in net worth was constant a constant percentage for each year in that age group (16-24 was 6.752%) - therefore the change in NW compounds for each age group, which is *probably* more representative than assuming a constant £x increase in NW each year between the known figures. + +There are 5 main limitations of this methodology for NW that I can think of: + +1. For the age groups under 60, it's likely that the oldest members have more wealth than the younger members, so the data at the bottom of the age groups will be skewed upwards. +2. Since I am using Average (mean) data, rather than median data, this also tends to skew income and wealth data upwards. I'm extremely skeptical that about an "average" 16-24 year old having a £34k NW. I suspect this is because of the way the HRP is decided - most 16-24 year old with low NW are likely to be living with their parents, so excluded from the data. I expect it is more accurate for adults. +3. While typing up the post, I realised I assigned all data for 65+ to exact age of 65. While I did ensure the maths was correct for a smaller 5 year set, I should have either ignored this data or looked up the average age for the 65+ group and used that age, but I've already wasted too much time on this post! +4. The data is somewhat out of date, but given the broad reach, should be reasonably representative (although COVID has probably introduced some anomalies since the last couple of years have been anything but normal) +5. The NW data is based on historic economic events (e.g. rises in house prices) it may be more challenging for some age groups than others to build similar wealth by the time they reach the older parts of the chart ("past performance is not an indicator of future performance"). All you can do is make good financial choices at the time you make them. + +Chart (4) Change in NW from Previous year is probably a good visualisations of the limitations of my data analysis. Smoothing the rate of change between the age groups could be beneficial. + +I hope you find this interesting and/or useful. Let me know if you think there's any other interesting visualisations for this data that I've missed and I'll see what I can do. + +**Edit:** Thanks to you some useful discussions in the comments, I have moved the lifetime income by 1 year of age and updated the charts. + +Example: + +20 = Lifetime income of £26,993 (total of earnings 16-19) \[plus an annual income of £12,049, not included yet\] + +21 = £390,043 = £26,993 (lifetime income on 20th birthday) + £12,049 (money earned while 20) +Just want to thank all the great people in this community for the advice and feedback this week. + +I entered thinking like WSBs and after a week on here I am never going back to WSBs. + +Thanks to the great community here. + +safe trading. +Hi all, thanks for reading, hopefully you guys can help me get a clear idea of what to do in this situation. + +So I'm based in Aus, if that changes anything. + +Basically my Dad's car is about to go kaput, he's looking into getting a replacement for the next phase of his life (he's mid 50's if that helps). + +Throughout his life, he's made some bad business decisions and as a result has terrible credit and has in fact gone bankrupt in the past, he's still on his way out but has around $30k outstanding which he is not wanting to pay out (communication issues between him and my mother - still have a business assett unreturned - not sure if this is an option to help clear the debt). Basically he is unable to get a loan for a new vehicle. + +He has asked me if I'd be interested in taking out a loan and buying a vehicle in my name, which he would use. The car would likely be $60k at least (not sure he wants to budge on this, as it will likely be his retirement/last vehicle, and personally I think this is an okay amount to spend). + +My credit is okay, and if I'm able to secure this amount, what kind of risk am I taking on? Is this legal? + +I do trust him to be able to pay off the amount within 2 - 3 years, and have told him I will need a 10% deposit on the loan that I will hold before and while the loan is taken out, along with number proof that he can and will be able to pay (full budget plan for the loan term). + +Is this a bad idea? Should I tell him he'll need to save for 3 years and buy his car then? And just buy a beater in the meantime? + +He does deserve a nice car, and I want to be able to help him, i just really want to know what kind of risk I'd be taking on this? + +Also might be worth noting - I've already done a small $5k loan for a health issue for him within the last 2 years, and he was able to pay as agreed then, but I didn't really consider the risk of that at the time, so hoping to be a bit more thought out this time. +Hi guys, I wanted to take a look at the upcoming options chain for $GME before Monday and see how it would affect next week and what we need to look out for and the levels we need to break to continue this massive rally. I'll also be looking at historical data that also point to another bullish week coming up. + +*All data found is scraped from various sources and are subject to change based on options buying and selling* + +**What is Gamma and how does it affect the price?** + +Gamma is the rate of change in delta, Delta is the amount of underlying MMs need to hedge their options positions (assuming that MMs are hedging correctly). So a Gamma ramp would cause a massive increase in delta and MMs would then need to buy a massive amount of underlying stock the stay correctly hedged. + +&#x200B; + +[Gamma levels for the 4\/1 and 4\/8 expiry](https://preview.redd.it/xfefj403vsp81.png?width=869&format=png&auto=webp&s=02e683d9c14ea5b5de8050d838c662cc0c57f17c) + +As you can see we have huge notional gamma at the 150, 160, and 200 levels. As demonstrated last week 160 was a pretty big resistance level for us, usually retail would sell their call options as they edge near the money however with such a big push for option exercising I could see that we push straight through these resistances, especially for T+1 options settlement on Tuesday. Looking at the rest of the chain after we push through 160 there are no real resistances until we hit the 200 level so If we break 160 I expect 200 is very likely after. + +*(As more options are bought and sold gamma levels can change and we could see a change in the chain)* + +&#x200B; + +[Open interest for 4\/1 and 4\/8](https://preview.redd.it/5942x9k5xsp81.png?width=797&format=png&auto=webp&s=d8d0ace5b5711070c600d1bd5cdb816826fb4f88) + +Huge open interest on the 200 and 265 strikes and as the price nears these strikes the gamma would increase exponentially, especially for very OTM strikes causing a huge upswing in positive delta and MM buying. It would also cause the negative delta on the puts to be unwound and cause buying pressure as the MMs unhedge those puts that are now OTM. + +&#x200B; + +[Weekly close &#37; based on historical data for $GME](https://preview.redd.it/jypqhqdqysp81.png?width=842&format=png&auto=webp&s=4a86eeaab2f3aaa25efc8a529754fd2be415df3f) + +As you can see Week 13 based on historical data is a bullish week for us, January and February are skewed due to the sneeze but having a historically good week will help for a push up this week. + +&#x200B; + +[Daily average returns &#37; based on historical data for $GME](https://preview.redd.it/sqn56gs6zsp81.png?width=860&format=png&auto=webp&s=c4f2d4c8864209d8d39617cbcdf4cb6f129a1441) + +We also have historically greater returns at the beginning of the week than later so especially with options settlement we could see a very explosive Tuesday and Wednesday. + +**TLDR: We have a lot of positive factors this week that will increase the pressure on the shorts, I would like to see us break above 160 and then likely see a big push to 200. I would expect a big push on Tuesday or Wednesday based on historical data.** +I'm not even talking about private groups, like Brookfield or SmartCentres, but infra funds like Oxford Properties or Cadillac Fairview, owned by large scale Canadian pension funds. + +Looking at [this list](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.peievents.com/en/wp-content/uploads/2019/10/30_10_2019_IIGS-Whitepaper.pdf&ved=2ahUKEwjEx6PRxr7zAhVcMlkFHQylAgUQFnoECDMQAQ&usg=AOvVaw0o4sg1hnDZdO_7HNFWPIV1) detailing the largest infra investors in the world, Canada has disproportionate representation- one would think US asset managers and hedge funds or Chinese state banks and construction conglomerates would be dominant, but they're not- Canadian pension funds are. + +Why is this? + +Why do Canadian funds have a tendency towards infra investment? +Hey everyone! + +So this sub often lists the two above ETFs as true all in ones. I currently allocate a significant percentage of my portfolio to XEQT, a few other ETFs, and several stock picks. I'm trying to get away from stock picking simply because it's time consuming and stressful to do proper DD. + +What is everyone's opinion about holding just XEQT alone or would you add in any other ETFs. I'm interested to see everyone's take on the matter. +so after checking the Crypto Fear and Greed Index which analyzes the emotions and sentiments from different sources and crunches them into one simple number, it seems that this is the end of crypto. + +Everybody saying that now is the time to buy are just a bunch of bag holders who want you to invest so they can sell as soon as breaking even. Even genius investor Warren Buffett has stated that he wouldn't buy bitcoin for $25 dollars, who are we to disagree with 150 years of experience in the crypto space? + +&#x200B; + +https://preview.redd.it/e4hrhnjzxqw81.jpg?width=1284&format=pjpg&auto=webp&s=05dacabdee2543b6080b3b0c9955db5236ddf551 + +as you can see above the crypto Fear and Greed index has hit a new low of (-20) Fire sale + +what does this mean? + +I heard reports that crypto investors are jumping out of their cabanas out in the Caribbean, sure they are landing in the ocean but that besides the point. It really does appear that after a decade Bitcoin has finally died. + +this was a great journey friends but we should probably sell any remaining crypto we have and put that money into a savings account with a high interest rate of 0.001%, we should be able to retire with it after another 50 years. + +good luck to you all! +I was planning on 6mm for 2 kids but having second thoughts that might be too low... Any experience here? + +To clarify, I mean fire numbers in Nyc, but posted in Fatfire b/c any kind of fire in Nyc is gonna be a relatively high number better suited for this sub. + +Edit: looking at brooklyn and one nanny. +So yesterday I was talking with a buddy of mine about the whole GameStop situation (he’s generally educated in investing but not a wrinkly) and suddenly I found myself talking about total return swaps, collateral obligations/margin requirements, settlement cycles, payment for order flow, the CFTC, SEC, etc…and the crazy thing was that I actually knew wtf I was talking about!!! + +And therein lies their biggest threat and worst nightmare; an educated and informed mass of regular everyday people. Just like you, just like me. + +GME isn’t the threat to their game. WE are. + +Last year you probably would’ve found me YouTubing “basics of trading options” and now here I am talking competently about derivatives and the mechanics of the market. + +The shift is here apes. It’s starting and we’re ALL a part of it (as individuals investors of course). Whether you’re here just for the squeeze or also here to push for major reform (or a combo of both), it’s all steering us towards the greater good. + +We don’t all have to become ultimate-wrinkly brains either, just buying and hodling is contributing to the fairer and more transparent market of tomorrow. One that works for EVERYBODY. + +We clearly can’t depend on the crooked politicians, complicit regulators and greedy financial terrorists to turn this ship around, but we CAN depend on each other and I just wanted to say that I appreciate ALL of you guys - especially the wrinklies who selflessly dedicate their time educating the rest of us. + +Endless love to you all. + +And just to reiterate - Yes, WE are their worst nightmare. + +TL:DR - BUY, HODL AND KEEP DIGGING!! +A Fedex truck backed into my parked car (punched a hole in my front bumper). The driver came to my door and fessed up, but then begged me to not call FedEx, gave me his name and phone number and asked to just reimburse me directly for the cost of the repair. + +Should I even entertain that? I know i am totally at risk that he just won’t pay me a dime. But I also don’t want to cost him his job. I don’t know if he is overreacting or not. Dude was shook up. + +If I go through my own insurance my deductible is $1,000. + +Edit: I got the truck plate number and truck number, just in case. +# Yeah, that experiment didn't turn out great. + +# Apparently some people are using the title 'knight of new' to bully apes in 'new' which is the EXACT OPPOSITE of what 'knights of new' should stand for. + +It doesn't matter if it's just agents provocateurs that rally under our banner, or even if it's shit stirrers that pretend like they've been attacked. Because the result is the same: + +Division. + +They are desperately looking for something, anything to use against us because we're nearing liftoff. Yes, this was a good thing, but if there is even the slightest chance that it could be used against us, I'd rather have my flair removed. + +I can sort by new without a flair. + +Mods, perhaps now is a good time to put an end to this - perhaps remove the custom flairs? + +I am happy to support you in any way possible! + +&#x200B; + +Edit: Thanks for the kind words, but I really don't feel bad about it. +I'm flying to the moon, surrounded by hundred thousands of people who I trust and some I even call friends. I'm gonna be rich af in no time. + +So I don't mind if a silly joke kinda backfired 🤷 + +&#x200B; +Hey all, I am 19 and just landed a good permanent job paying 28k p/annum. +I will be getting my first car this July, and have almost no expenses. +The problem is my work commute is 45 miles a day. +I'd like a car that feels good on the highway, thus something a little bit more expensive. +I am confident in my driving skill. +Terrible idea? The car I would get is most likely a mazda3 with a sky active engine + +Another thing: i will be living with parents for at least another 5 years as my uni is in my city thus I have no need to move out. + +EDIT - I HAVE DECIDED TO NOT FINANCE. I WILL JUST PAY UPFRONT UP TO 2K. THANK YOU EVERYONE +actually it was an old ripple wallet. back in the day on the bitcointalk forums, they gave 11k xrp to everyone in 2013... today i saw the price for xrp went up to all time highs .. I remembered i had that old wallet which I hadn't touched since then. boom 20k worth of ripple just sitting there untouched. just converted it to btc. any old school bitcoiners should check to see if you have an old ripple wallet laying around. + +edit - the post where i'm pretty sure i got them was https://bitcointalk.org/index.php?topic=145506.0 +I just turned 19 so I can finally start investing by myself. My parents had never taught me anything about investing in the stock market so I'm kind of on my own. I have been reading a lot online regarding where to start as a beginner and only have a few thousand dollars to play with. + +I am currently thinking about using Wealthsimple and investing in safe ETFs such as VOO or VTI. I plan on leaving the money in the ETFs for a long time. + +Am I going on the right track? Is there anything I should be aware of before putting most of my savings into the ETFs? Any resources to help me with making the best resources? Any suggestions or advice would be helpful! +I failed to notice it in the paperwork signing process. She said "sign here" with her hand on the loan paperwork (not sure if it was covering the amount or even if it was intentional) I signed it, she instantly folded it in half while I signed other paperwork. She kept me busy with stories and small talk. + + + +I feel like I was screwed over...but it is 100% my fault for not paying attention. +A reminder that everyone's new at some point but not everyone's going to let that stop them from thinking they know everything. Be careful what you read on the internet, trust your own confirmation bias. + +Here are some screenshots of posts/comments from WSBs with some censoring to make them more thetagang friendly. As far as I could tell these people were actually serious, if they weren't they did a good job hiding it. + +[ Usability features include inability to buy certain shares and exceptional uptime around this time last year](https://preview.redd.it/5aprw6ptn3k61.png?width=684&format=png&auto=webp&s=2ff91b60bae728ba9e3f21e87bf965984fa3650b) + +&#x200B; + +[WSBs has both \\"Discussion\\" and \\"DD\\" flair, not sure what this OP thinks \\"DD\\" stands for](https://preview.redd.it/0fmpk85yn3k61.png?width=655&format=png&auto=webp&s=aec3ed2acc423b56c99348ad39fe6ba9cd3391e8) + +&#x200B; + +[You don't start making real money till you realize that you can just google a ticker and hit \\"I'm feeling lucky\\" to get its fundamental value](https://preview.redd.it/5s2emxnco3k61.png?width=652&format=png&auto=webp&s=a31591530c6129cdcc34c887f0b8ca3a24011f22) + +&#x200B; + +[This is the only one that I think might not have been serious but I think what most likely happened is they were serious in the beginning then realized what they were saying didn't make sense and tried to play it off as a joke or just got frustrated with people telling them they don't know what they're talking about.](https://preview.redd.it/0sud2kmoo3k61.png?width=726&format=png&auto=webp&s=d7a33b5824eafd3ba845000b60742678d25385a5) + +I originally tried to post something similar to WSBs but it was deleted and I haven't been able to get in contact with the mods to figure out why so I figured I'd post it here and hopefully some of you will get something out of it. +&#x200B; + +Hello boys and girls + +There's been lots of discussion lately about the ideal time to expiration when selling puts. Let's compare the two common schools of thought on the subject: selling weekly (about 7 DTE) vs selling monthly (30 - 45 DTE) + +https://preview.redd.it/h3cbm3fx0r261.png?width=1003&format=png&auto=webp&s=ecfbd631e84ff0f13c88367910eaa6776d8f3403 + +Some of the main differences: + + + +3.8x Max RoC (Margin) (1.9x @ 50%) + +3.3x Max RoC (Cash Secured) (1.7x @ 50%) + +$13 Farther Breakeven + +0.75x ToC (Margin) + +0.6x ToC (Cash Secured) + +2.2x Volatility Exposure + +0.25x Gamma Exposure + +3x Max Expected Loss + +&#x200B; + +Max Expected Loss - Assuming your winrate reflects PoP and all trades go to max profit (or 50% for early management), your average loss must be less than your Max Expected Loss. MEL can be calculated by taking Profit x Winrate / (1 - Winrate) + +*\*It should be noted that MEL will overestimate the performance of strategies not managed at 50%. This is due to the fact that PoP estimates the probability of making $0.01 or more, but the equation assumes that PoP estimates probability of max profit* + +&#x200B; + +Now let's talk about a couple common misconceptions when it comes to selling puts/wheeling + +&#x200B; + +*It's not a true wheel if you close/roll early* + +This is absolutely not true. Taking profits early has shown to improve winrate and expected value considerably. While being willing to take assignment is essential to the wheel, it is by no means necessary to actually take assignment *ever*. In some situations, being assigned and selling a call is the best available option, but we'd rather just make money + +&#x200B; + +*I want to be assigned stock* + +Unless the stock closes just below your strike price, assignment will pretty much always result in a loss. Short puts are a *bullish* trade. You want the stock to go *up*. The fact that you can take assignment doesn't change this + +&#x200B; + +*I didn't lose money, I just have long stock now* + +Unless the difference between the stock price and your strike price was less than the premium you collected, assignment will result in a loss. Being able to baghold infinitely doesn't change this, your net liq will still be lower. The chance to make your money back from the stock recovering is theoretically just as likely as the stock continuing to drop + +&#x200B; + +*Gamma doesn't matter if I hold to expiration* + +This is almost true, but only if you literally don't manage your positions at all. Even if you close your winners at 95% of max profit, Gamma matters. So maybe*,* if you manage nothing at all and just hold everything to profit, selling weekly *might* outperform monthly. But even then, it's not certain, and would come at the cost of significantly more volatility of returns (which is something many of us are actively trying to reduce) + +For option sellers, Gamma describes the *deceleration* of profits and *acceleration* of loss. Here's a visualization of that: + +&#x200B; + +https://preview.redd.it/gkyvzbfa8r261.png?width=1668&format=png&auto=webp&s=a212a420c9ff1f56fed93fed08d6c6971d37a042 + +&#x200B; + +https://preview.redd.it/uiw7pfab8r261.png?width=1668&format=png&auto=webp&s=425a3b453ac4a0c3d5309d0c33781be3ad73c742 + +And the numbers: + +**P/L Tomorrow @** + +&#x200B; + +|SPY|7 DTE|45 DTE| +|:-|:-|:-| +|340|\-$1.84k|\-$1.13k| +|345|\-$1.36k|\-$830| +|350|\-$900|\-$575| +|355|\-$520|\-$350| +|360|\-$225|\-$165| +|365|\-$30|\-$10| +|370|$80|$120| +|375|$130|$220| +|380|$150|$300| +|385|$160|$360| +|390|$160|$400| +|395|$160|$440| +|400|$160|$465| +|405|$160|$480| +|410|$160|$495| +|415|$160|$500| +|420|$160|$520| + +&#x200B; + +To me, the conclusion here is obvious, but I'll let you draw your own. Was gonna flesh this out a little more but I'm tired + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +I am sure this post may not be appropriate to this sub , but couldn't find an appropriate one. + +My two-wheeler insurance is getting expired coming tuesday and have been flooded with automated calls from the current insurer (Digit insurance) and thought of renewing it today and the premium came to around Rs.1650 when I tried to kept the IDV to as minimum as possible as I never used insurance and am pretty sure will not use this one too. + +Then just for the sake of doing it I tried to compare the price if I try to create a new insurance of instead of renewing it and to my surprise I am getting premium of Rs.1200 and that too with a higher IDV compared to renewal route. + +Now as per my understanding renewals are supposed to be cheaper than creating a new policy and paying premium.Is that wrong? OR Digit insurance is playing a game here by bugging me to 'renew the insurance before it expires' to make me believe that that will be cheaper. + + + +Edit : I just had a chat with CC of the insurance to ask about this and they said if it is cheaper you can go ahead with that option , just casually as if they know nothing! +And also they told NCB is applicable only for self insurance part of the premium which was a mere Rs.250 , so I will +be getting a discount of 20% that Rs.50 on the next premium , lol. +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +Someone had posted this old discussion thread from October 2008 on /r/investing today morning. + +[Here's the link, from Boglehead forum](https://www.bogleheads.org/forum/viewtopic.php?t=25126) + +It's from a guy who was freaking out, because he simply didn't know if he had in him to take those hits anymore. He was retired, by the way. I'd highly encourage reading responses from others in that same thread as well. + +Current crisis may or may not be like 2008. Perhaps it'd drag on and turn into something much much worse, or perhaps it'd be over sooner than you think. + +Nonetheless, it helps to look back how desperate people must have felt, how everything might've seemed lost, like the bottom had fallen out and the fall won't just ever stop. We learn from the past. + +I'm posting this to have a discussion around _what you feel right now_. In particular: + +- What do you perceive as threat to your finances? What are you afraid of, financially speaking? + +- How much of that do you believe would come to happen, within bounds of reason and rationality? + +- What's the worst and best case scenario for your current finances? + +- What are you planning to do about this? + I understand that holding a bond directly is different from holding this debt mutual fund. if the repo rate increases, the nav falls. How do I understand this? my current understanding is "there are new bonds now which will give more returns so nobody will buy the old bonds". So that sale value of the bond in the secondary market falls? Will it move to zero? Even then the fund is holding the bond right, so they can keep holding it until maturity instead of trading it in the secondary market? So basically trying to understand how volatile this fund can be. + +I'm investing for a 15yr goal with only N50:PPF 60:40 since 6 months. I want to introduce a debt component that is not locked in, so that I can use it for rebalancing. So thinking of constant maturity gilt fund category. What other options can I choose other than this one? A liquid fund maybe? why is this category not being discussed widely? +As we talk, enmities are about to start. +Elon has been tweeting all day against Apple (hinting he has received secret pressures), Apple has just erased all of their tweets. +It seems twitter is about to be removed from the app store, which means war. + +Since both parties command vast resources in terms of technical expertise, millions of customers, *trillions* of dollars, this is as huge as a financial/tech war can get. + +Before electric cars are crashed from remote and lasers start raining on Cupertino, please place your bets. +Hey all! I know we all agree no one knows clearly when the bottom is so my question is + +What would you buy at market theoretic bottom? Say you have $500k? +Edit: what price(s) are you looking for +Canadian or US - both okay. + +Thanks! +If your freaking out about a 100 dollar correction after over 600 dollar push. You need to get the fuck out of crypto. Your $124 to $160 retrace to $149 isn’t the end of the fucking world. Chill out, jerk off, and go back to playing animal crossing. All your doing is making other clueless people freak out too. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi everyone + +I’ve been lurking on this subreddit for the past few months and really enjoyed reading posts about finances and life in general. + +A bit about me; 26M, single and living with the folks (blue collar, immigrants). Started working from 19, and managed to save up for my first investment property two years ago. Earning $120k a year in the accounting/finance field, will be promoted in a month’s time. Since buying my property I’ve managed to save up ~$50k in cash which has been sitting in my offset account. Anything more than this I’ve decided to invest in ETFs and shares (something I only started a few months ago). + +Currently driving a 20-year-old Toyota and have been wanting to buy myself a nice car for a while now. The $50k cash I’ve saved would be roughly the amount I’m willing to spend on a car, and was thinking of a buying a used Mercedes A-class. Is it stupid for me to splurge this much cash on a car? + +I’ve generally never been a big spender and lived well within my means – I do enjoy going out and occasionally travelling but I’ve never really been materialistic and I don’t buy luxury goods/clothes. I’ve been challenged by my close friends to ‘enjoy life a bit more’ whilst I’m still young rather than constantly saving for my future and retirement. + +Whilst I’m very comfortable with my financial situation at the moment and extremely grateful with where I am in life, I can’t help but to feel that I’ve yet to truly experience ‘life’, and part of the reason is I’m always trying to live for the future rather than the present (i.e. ‘immigrant mentality’). And this feeling has now given me ideas to buy a nice car, for example. Is this the wrong mentality to have? + +I’d be interested to know what people’s experiences have been like as I feel I’m going through a bit of a quarter-life crisis where my life on paper is good, but I’m still yet to achieve proper fulfilment. It probably doesn’t help that I’m in an industry I’m not truly passionate about, but I’m good at what I do and it pays the bills. + +I don’t mean to sound like a brat going through a first world problem, and I guess I’ve digressed from the initial topic but I appreciate all the responses and advice! + +tldr; financial situation is good, should I splurge a bit to enjoy life (e.g. buying a nice car) or continue with what I’m doing and save for the future? + +Cheers + +EDIT: really appreciate all the responses so far! It's got me thinking, but a few key takeaways from this: + +- Don't buy just to impress others, do it for yourself. + +- Make sure I'm not comprimising my overall lifestyle through the additional costs that come with such a purchase. + +- Consider other things / experiences that can provide you with greater utility. As mentioned I do enjoy travelling, maybe it's something I can invest in a bit more (after COVID)? Work overseas for a few years perhaps? + +- Do NOT buy an A-class - that seems to be the general consensus! haha +This is just a light hearted more fun personal finance post... + +Say you have £5,000 to invest, which you had to invest in a product or tangible item. + +It could be a bottle of whiskey, rolex watch, a relatively cheap car. Maybe a painting. Or perhaps a collectors edition video game unopened childrens toy. + +You maintain it in perfect mint condition for those 40 years in storage. + +What would you try your luck with to have a good return? + +This is influenced by watching antiques roadshow and some of the things that have done very well in value..! +I’ve been investing in Tesla since May 2019 at under $200/share pre-split. A year ago, I got introduced to options and decided to try it out. I got hugely lucky with timing. Here are my option plays that gave me the biggest returns (I had other smaller wins and a few small losses): + +Jan 15 171C **$11,400 -&gt; $585,650** + +Mar 16 $150C **$15,780 -&gt; $297,675** + +Mar 19 $240 **$17,160 -&gt; $774,300** + +**Total $44,340 -&gt; $1,657,625** + + +I exercised these all early. + +&amp;#x200B; + +https://preview.redd.it/jgcxjmlmyif61.jpg?width=886&amp;format=pjpg&amp;auto=webp&amp;s=14d1ce44d0b71546455cc8ba527b0366e4c1df59 + + +UPDATE 1: +FAQs since y’all ask the same god damn questions +- Why exercise instead of sell the contracts and just buy the shares? Because they were so in the money I would have had to pay massive short term capital gains taxes. +- when did you buy the contracts? 9-12 months ago. +- do you still believe in TSLA? Yes, it’s my biggest holding. It’s the most innovative company of our lifetime and will probably be the world’s most valuable company before the end of the decade. +- will you teach me options? No, read/watch everything you can to learn. +- what options are you buying right now? Basically none, all you degenerates have driven up the premiums and there are few good deals. I buy shares and I sell options on occasion. Only ~5% of my portfolio is options. +- what stock should I buy right now with my $38? I don’t give financial advice. Read my post history to see what I’m buying and decide if you like any of the ideas. + +UPDATE 2: + +To all the dudes Messaging me: follow me if you want to know my next play. I’m not going to Message it to the 250+ people who messaged me tonight. + +To all the ladies sliding into my messages: thanks for the kind notes. I like volunteering with puppies, sunset walks on the beach, and getting cat-fished. +Should I ask my boss to just make me a full time employee so I can get benifits (insurance) When I started its was only 6 hour days but then I was asked to start coming in an hour earlier when we moved warehouses. She made out the extra hour a day as a temporary thing but its been going on for a few months now. My roomate said I should be getting benefits for working this much. Occasionally I go in for 5 or so hours on Saturdays. + + +Edit: just asked my boss's boss about it and in addition to saying she'll ask HR she also mentioned getting me more hours. Yay! + +Edit #2: its a pretty stand up company and I truly believe they just didnt notice that I was putting in so many hours and wasnt full time yet. My Boss's boss seemed surprised that I hadnt been getting any benefits. + +Edit #3: thanks for the gold and the award! Also my hours are determined by shift. The worst that can happen is that they tell me to return to my normal evening shift. + +Edit #4: Im getting quite a lot of repetitive advice. Please read through before commenting. Im currently at work and cant reply to everyone. + +THANK YOU GUYS FOR ALL THE ADVICE AND LINKS! +A lot of us just can't do it. Health issues or just aren't handy that way. Or the car has extensive issues that needs a skilled mechanic. + +Hey, all you home mechanics, you want to sew a sweater? It's a different skill-set. + +I'm also tired of rice and beans posts. I hate rice and beans and I don't care how much you spice it up, it is still rice and beans. +for the hysterical, the uncertain and the depressed chart watchers, here's stuff i watch to keep me sane and grounded: + + +1. Price has diverted significantly from transaction count, which has held stable at around 600k. Network seems pretty healthy right now following the big hiccups w/ fees in June/July. Price eventually readjusts upward to follow actual network usage. (See October 2016 thru December 2016). + (https://coinmetrics.io/charts/#assets=eth_left=txCount_right=price_zoom=1466221518367.347,1547489946122.449) + + +2. Avg fees have decreased to stable lows for 2018, and Constantinople fork will add some efficiencies to fees. Low fees encourage more network usage, which is good for the price. +https://coinmetrics.io/charts/#assets=eth_left=txCount_right=averageFeeUsd_zoom=1466221518367.347,1547489946122.449 + + +3. Kalichkin's NVT ratio for ETH and BTC are crossing with ETH headed downward (you want a lower value). https://coinmetrics.io/charts/#assets=btc,eth_left=NVT.true_zoom=1369872000000,1523145600000 + You can read about this metric more here --> https://medium.com/cryptolab/https-medium-com-kalichkin-rethinking-nvt-ratio-2cf810df0ab0 + + +4. BTC Dominance chart has begun its bear div on the dominance cycle. This happens literally every dominance cycle, and means that BTC has a little more up in dominance but will soon flatten out and retrace heavily - likely returning to 33-35%. This will take several months, likely completing in Q1 2019. What does that mean for USD prices? EDIT: I'm getting slain on my analysis here. But I'l leave it at this... I'm pretty certain there will be alts to hedge the BTC downtrend. If anything, fiat is a lot safer escape right now than BTC in my opinion. + + +5. The altcoin marketcap is starting to form a bull div on its bottom at 92 billion. It would take a massive selloff to invalidate the div. What's the div mean? At the very least, a relief rally or a bull trap for alts. Probably not a renewed massive bull cycle (not right now, sorry permabulls). These movements are a great opportunity to de-risk. I personally will de-risk to fiat on any big spikes given my comments earlier. + + +6. ALTS / BTC ratio is also forming a massive bull div in its bottom and is hugging its cyclical % lows. + + +7. The aforementioned macro charts are done on coinsignals.trade + + +8. What happens when the smoke clears in 2019? Probably lots of fake outs and sideways action. Try not to lose your mind and your valuable positions as things level off. This is where people get burned the hardest. Sudden price rise, and you have to fomo in to not miss the next big possible bull run, only to have it whipsaw downward in a flat range. Use this range to DCA in if you're in fiat, or DCA out if you're over-invested. This is the range when the big guys really build their positions for the next cycle - don't be their tool. + + +Lastly, USD price may suffer further, but we're really almost through the bad stuff. ETH to zero? C'mon man.... + +EDIT: I sincerely appreciate the counter arguments here. I probably should spend more time on drafting posts like these to make them more waterproof =P. + + + + + + + + +Hi all, I'm in Texas. + +My partner is working $15/hr at Lash Lounge, her position is part time but she works 80 hours every pay period. At first, she was working 36 hours per week but it slowly started creeping towards 40 and even past 40. Her wages weren't adding up so she decided to track them her self, she's quite meticulous and notes as soon as she's in and as soon as she's out. + +One evening, she clocked out at 8:54pm and noted it in her personal log. Upon arriving for work the next day she noticed her clock out had been changed in the company computer to 8:30pm. Only the manager and owner have access to change the logs. +This has happened several times. + +After tracking her hours for the last pay period, she tracked that she worked 85 hours. **Her paycheck was for 80 hours.** She went back in through the clock in / out logs and there was a discrepancy of 2 hours between her logs and the company logs. The computer said she worked 83 hours but her personal logs said 85, presumably from the 20 mins from the end of her shifts that are taken off by the manager or owner. Either way, she was only paid for 80 hours. Officially missing 3 hours from her check, unofficially missing 5 hours due to altered clock outs. + +I know this is wage theft, what can we do? Can my partner use her personal logs as evidence of wage theft? She deserves to be paid for 85 hours. + +Or is the discrepancy from the employee computer the only evidence she can use? 83 hours to 80 hours. + +To rub salt in the wound, there is an informational poster in the break room that says all hours over 40 are paid overtime. +Reading through some notes and no suprise he increased his cash position and made no major purchases of stock through the downturn. + +Keen to hear is view, but expect he will softball the market has further to drop based his indicator (valuation vs GDP). +(New) long-term investor (10+ years) and invested solely in XEQT in my TFSA. + +Recently, I feel like I’m missing out and not maximizing returns in a sense by playing it safe with XEQT. + +Even just watching XEQT vs VFV the past few months It seems like VFV has bigger up and down swings… doesn’t that mean more upside? + +I don’t mind taking risk at all (if anything I buy more when things are red) and really I’m just wondering if I’d benefit from going all in on VFV instead or at least adding it alongside XEQT. +Fox Finance was released almost 48 hours ago and in that time it's gained: + +1,650 holders + +A roughly $1.5m marketcap + +Submitted coingecko application (CMC coming VERY soon) + +A FULLY developed website + +And developed media platforms. + +This is a very low market cap, a solid dev team that responds to every question with speed and accuracy. Definitely my favorite community I've seen in the crypto atmosphere EVER. It's very cheap rn and it's already gotten rid of most whales. I'd personally say at least join the telegram to find out for yourself before taking on any risk. A market cap this low with a strong community has a bright future ahead of itself. + +1,000,000,000,000,000 Supply with 1Trillion tokens burned every plus a 6% redistribution rate and 6% goes to liquidity in every transaction. + +Contract Address: 0xfad8e46123d7b4e77496491769c167ff894d2acb + +Website: [https://foxfinance.io](https://foxfinance.io) + +Twitter: [https://twitter.com/foxfinancebsc](https://twitter.com/foxfinancebsc) + +Telegram: [https://t.me/foxxtoken](https://t.me/foxxtoken) + +Chart: [https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) +Hello UK Finance + +I did something really stupid 9 years ago and wonder if anyone in this sub has any idea what the outcome will be for me. + +I’m an Australian who lives in Australia and recently lost my job – its in an industry in turmoil so not totally unexpected. I was fortunate enough to get a job doing customer service at one of the big banks here. They’re currently doing my background checks – which are extensive being that it’s a bank. + +9 years ago I was living in the UK on a working holiday visa and in or around the middle of 2013 I took out a bunch of payday loans (cannot remember all the companies names – one was Wonga) of about 400-500 pounds and then left the country a few months later. Yes, it was stupid of me and wrong. I made some questionable life decisions back in those days, this is the last of those decisions to deal some potential karma to me. + +They are currently doing a financial and criminal check on me now, and because I lived in the UK within 10 years of applying for this role, they need to check my “financial and criminal history” over there. I know 100% I have no criminal convictions in the UK (I had to do a criminal check 2 years ago for another job), but it says that they’re doing a financial check. Which is fair enough, being a bank. Finances in Australia are in perfect shape. + +Will they find something on me from these defaulted payday loans? Should I start looking for another job? How long does this kind of thing stay on your file? + +Edit: thanks heaps for everyone replying. I got a report from TrustOnline for any CCJs against my name and there aren't any. Hopefully without having any CCJs against my name that's good news. But will wait and see how the background check goes! Will keep you all updated! +And will be applying for a few jobs in the meantime just in case. +El Salvador is a sovereign country that has the full right to choose how it wants to act to build a better future for its people. + +Nayib Bukele chose Bitcoin to try to change the future of his country. Under the current system, El Salvador was condemned to survive by begging for aid from the IMF or the World Bank. + +Nayib Bukele understood the why of Bitcoin and decided to seize this opportunity to change the future of El Salvador and its people. The people of El Salvador overwhelmingly support Nayib Bukele in what he is trying to do for the country. + +El Salvador's bold choice has already changed the way the country is seen around the world. Everyone is talking about El Salvador and more and more entrepreneurs will be coming to El Salvador to participate in this experiment of building the first Bitcoin Nation. + +Who knew where El Salvador was before Nayib Bukele made this choice? Very few people. No one was talking about El Salvador. Bitcoin is already a game-changer for El Salvador and this is clearly just the beginning. + +While the IMF or the World Bank scoffed at Bitcoin a few years ago, now these institutions are getting scared by the growing possibility that the Bitcoin experiment will succeed in El Salvador and motivate other countries to follow Nayib Bukele's path. + +Tonga is talking about adopting Bitcoin by the end of 2022, as are other countries in South and Central America. In short, something is happening and the IMF feels the danger mounting for its obsolete system. + +Rather than letting the people determine for themselves, the IMF is threatening El Salvador saying the country must abandon Bitcoin. The IMF's threats only justify, in my opinion, the very existence of Bitcoin and the absolute necessity for the world to have this alternative system available. + +Since El Salvador will logically refuse to obey the IMF, what's next? Will America eventually orchestrate a coup in El Salvador to overthrow the government and end the Bitcoin experiment? How far are the powerful people in the current system willing to go to prevent countries from expressing their free will in monetary and financial matters? + +El Salvador must continue to resist outside pressure, and other countries that will join the Bitcoin adventure in 2022 must do the same. The world is changing, and the first countries to adopt Bitcoin will be the ones to benefit the most in the future. +I don’t know who out there needs to hear this but, it’s not only OK to change your mind about a position, it can be a characteristic of a very smart trader. Those guys that short the market over and over since 2012 because it’s a huge bubble that has to pop? They can’t change their mind, and it’s costing them tons of money. + +There’s no need to ride a position all the way down to your max loss if it doesn’t sit right with you any more. Take it off, and your head will be clear again. You can always get back if you want later. + +If you’re banking on some fundamentals based thesis, take a step back and ask yourself if you are truly correct, and what it will take to get you to change your mind. If you will never change your mind, that’s a red flag. You need to know how you will not go bankrupt as you wait for your thesis plays out, and what happens if it doesn’t. + +After all, the most important question in trading is not what positions to enter and when. It’s what happens WHEN you are wrong. I can’t believe all these Reddit people selling naked puts for instance. If the market takes a nose dive their face is going to get ripped off. Bye bye premium and then some. There are ways to hedge that risk they should be using. + +Anyway, ripping the band aid off and admitting you were wrong is much less painful to do earlier on. So always be asking yourself — if this position is losing money... directly or by opportunity cost... why the hell am I still in it? + +Anyway, I hope this is helpful. The reason I write is that I went to cash for a % of my portfolio in March due to fear. That was a costly mistake, but I realized shortly thereafter that I was likely wrong and the market would probably go back up. I switched sides, never looked back and now at EOY the loss is minimal. +I bought 2,000 ETH at the ICO for ~$550. I missed out on BTC's rise and thought, "This is enough to make me a millionaire one day--if ETH goes the way of BTC." + +Wanting to pay off some debt, I sold them in December of 2015 for ~$1.00 each, thinking i could buy back in a few months for about the same price. + +Over the course of the next year, envying the rise to $15 (and then $20) I desired to get my original 2k ETH back. I cashed out my remaining bitcoin as the price began to surge in early 2016, and acquired ~700 ETH by January 2017. + +Impatient, I wanted to meet my goal faster so I tried to hop on the ICO P&D train to try to collect more ETH. I had gone through the DAOsaster and now saw the price bobbing between $7 and $10 for months. I made a big bet and got burned. As ETH rose to $12 and $13, I thought "correction soon. Relax." As it heads to $20 and $25, I thought the same. When it hit $30 i thought "unbelievable, but finally stable. Correction soon." In two days it hit $50, and now here we are, flirting with $100 back and forth. + +Have I lost money? No. I'm in the green--and thankful for it. I have a nice-sized portfolio, but I can take no joy from it. Had i just forgotten about my ETH in the first place, my portfolio would be daily swinging between $180 - $200k...a far cry from where it is right now. I am teased by "what I could have had." + +Since I got into Bitcoin in late 2013, I have heard the mantra of "never invest more than you can afford to lose." But how do you figure out what that is? After all, I could lose it all and I still wouldn't be homeless. It would just be exhausting. + +The recent months have taught me that, with crypto, what you can "afford to lose" is the same as what you can "afford to forget about." Lock it up for a couple years, forget the price, and be surprised when you take another look at your portfolio. It keeps you from trading, FOMOing, panic selling, and obsessively checking the price. + +I began trading to reclaim my original 2k ETH stash. It was fear of missing out. And do you know what FOMO made me do? It made me miss out. Twice. + +This is crypto. Stake your position and forget about it. Don't invest more than you can afford to forget. + +If it's a sum you can't forget about--it might be just too much. + +Just some food for thought. +For a few reasons I've been incredibly fortunate and I've currently reached the highest income bracket. The problem now is that out of every dollar I earn this year I only get to keep about half. In addition, for other reasons my income next year will not be nearly as high. I might even start the year completely unemployed. Is there a strategy to tax optimize option selling at this point? Should I start selling options expiring next year and aim to realize gains after Dec 2021? Any advice is greatly appreciated. +As title says, I applied for a store card today. They asked for last 4 of social and my phone number. They then found my info, which was all correct except for some random email. Should I be concerned? Maybe that email was tied to my number before I had it but it seems weird that they had my current address and everything else right. Anyone have thoughts on this? +I’m wanting to meet with a fiduciary to discuss the best course of action for my retirement but I can’t seem to find any. I asked at my bank and the person helping me didn’t even know what a fiduciary is. 😕 +Guten Tag to this global band of Apes! 👋🦍 + +Apes, I expect that the next several weeks are going to be quite the rodeo for GME. The Institutional Shorts were in a perilous position in late January, and kicked many cans down the road with relatively short options plays - many between now and mid-March. We've seen the indications that they continue to use options and short XRT to put downward pressure on the price, but days like yesterday show that they are having trouble maintaining control. The closer we get to their options expiring, the more difficult of a place they will be in, especially with 100% utilization and so many shares being DRS'd and purchased by other institutions. + +Meanwhile, it is exceedingly clear that the Apes are here to stay - we like this company, regardless of the imminent short squeeze. Our Diamantenhände need no refinement - we proudly hold our shares in our own names, and no mini-squeeze will induce us to sell. Ryan Cohen and Matt Furlong are leading this company in a solid new direction, and will set an example of how physical retail can be enhanced through digital ownership and a marketplace that rewards collectors, creators, and consumers. This is the future of gaming; the future of *retail*. The Shorts didn't see this coming, and now it is far too late for them to get out. + +Today is Wednesday, February 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$126.60 / 111,59 €** *(volume: 1065)* +- 🟥 115 minutes in: $126.50 / 111,50 € *(volume: 965)* +- 🟥 110 minutes in: $126.70 / 111,67 € *(volume: 961)* +- 🟩 105 minutes in: $126.78 / 111,75 € *(volume: 931)* +- 🟩 100 minutes in: $126.75 / 111,72 € *(volume: 931)* +- 🟩 95 minutes in: $126.51 / 111,51 € *(volume: 930)* +- 🟩 90 minutes in: $125.83 / 110,91 € *(volume: 657)* +- 🟥 85 minutes in: $125.33 / 110,47 € *(volume: 452)* +- 🟩 80 minutes in: $125.38 / 110,51 € *(volume: 399)* +- 🟩 75 minutes in: $125.21 / 110,36 € *(volume: 375)* +- 🟩 70 minutes in: $125.16 / 110,33 € *(volume: 345)* +- 🟥 65 minutes in: $125.12 / 110,29 € *(volume: 343)* +- 🟩 60 minutes in: $125.19 / 110,35 € *(volume: 343)* +- ⬜ 55 minutes in: $125.14 / 110,30 € *(volume: 339)* +- ⬜ 50 minutes in: $125.14 / 110,30 € *(volume: 338)* +- 🟥 45 minutes in: $125.14 / 110,30 € *(volume: 298)* +- 🟥 40 minutes in: $125.16 / 110,32 € *(volume: 298)* +- 🟩 35 minutes in: $125.25 / 110,40 € *(volume: 273)* +- 🟥 30 minutes in: $125.22 / 110,38 € *(volume: 272)* +- ⬜ 25 minutes in: $125.25 / 110,40 € *(volume: 272)* +- 🟥 20 minutes in: $125.25 / 110,40 € *(volume: 262)* +- 🟥 15 minutes in: $125.28 / 110,43 € *(volume: 262)* +- 🟩 10 minutes in: $125.31 / 110,45 € *(volume: 113)* +- 🟩 5 minutes in: $125.29 / 110,44 € *(volume: 113)* +- 🟥 0 minutes in: $125.25 / 110,40 € *(volume: 13)* +- 🟩 US close price: $126.16 / 111,20 € *($125.30 / 110,45 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1345. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! + + +I have some thoughts on GDNP, I'm interested to hear how others are thinking: + +\- It seems that most attention is on their fully compostable products for individual consumers and retails businesses i.e. food packaging. However they also offer recycled plastics in an industrial format. I know it's not as attractive from a green movement point of view but from an investment point of view I think this segment may represent significant earnings potential. I was reviewing multinationals like Coca Cola, Nestle, Uniliver, P&G etc and their plastics strategies largely focus on recycled plastics and reducing use of virgin plastics by 2025. A supply chain opportunity with an organization of this type could be feasible and quite lucrative and I think this is where the IPF acquisition makes sense. + +\- The flexible plastics packaging market size is enormous at approximately 160B USD globally. A few different reports seem to point to an annual growth rate of 4% from 2020 onward. I don’t expect GDNP to be a major disruptor in this market but I am confident they can take a small portion of this market share given their innovation combined with the timing of this “green movement” and developments such as phasing out certain single use plastics in Canada in 2021. I’m not certain what the competitive landscape looks like for them in Canada however I presume the barrier to entry is quite high for this industry. Hopefully the US under a Biden Administration would follow suit. The Trudeau, Biden continental alliance isn’t a bad place to start. + +\- I see over the last 3 years GDNP revenues has almost doubled YoY. I believe their revenues are expected to be around 16M CAD for 2020 and combined with IPF revenues (17M) they would be looking at 33M CAD overall for 2020. With Canada’s single use plastics ban catalyst, I would imagine their revenues could increase dramatically in 2022. Assuming they can achieve 40-50M revenues in 2021 would it be realistic that they surpass 100M revenue in 2022? I’m not really sure what kind of SP or valuation this would justify. + +\- These points lead me to believe they could become an attractive acquisition target by the likes of an Amcor or Sealed Air or maybe one of those conglomerates named above. I’m not very familiar with M&A but would an uplisting to the TSX increase their value? +For those who took the plunge and bought a vacation home, what were the deciding factors that it made sense to do? Any regrets? Do you get tired of visiting the same place? + +With what we spend on hotel rooms for our family (and sometimes some extended family) on trips, a second home is starting to look like a bargain. Want to hear from others experiences, and anything you with you’d considered. + +Edit: appreciate all the input and stories throughout the day. You’ve given me (and hopefully others) some great food for thought. Have a happy new year FF! + + +This is something that has been occurring to me for some time and I thought I’d lay out my thoughts to the fellows on reddit. + +It’s a national hobby to complain about house prices but I think this might be a case of can’t see the forest from the trees. My opinion is that the house is actually just a proxy for the individual, and the house price valuation is the product of debt to the individual. Our monetary system is predicated on credit expansion to fuel growth. In other words, declining western nations are using the age old and oft repeated mechanism of devaluing their currencies in order to spend money they don’t have, to pay for the things we want. We can’t just print it. We’ve built it into our monetary system to use debt and currency debasement. So the system needs debt to go to the citizen. It wants the debt to go to the citizens that earn and can service the debt, since the currency debasement needs to be an ordered decline (target inflation) not a hurried route (hyperinflation). The system also wants no defaults on the debt, so it needs to be collateralised. + +So we have this debt that we need to get to the citizen, but people are fallible and need to be properly motivated to service the debt. They need something that means something to them, that is important to them. The home is the perfect mechanism. So the home becomes the collateral for this debt that needs to get to the citizen. As the system rolls on, the amount of debt that each citizen accumulates needs to ever increase, to fuel our economies predicated on consumption via debt expansion/currency debasement. For this ever increasing debt burden to maintain the relationship to its underlying security, property prices need to increase. Can’t have more debt without the underlying security being revalued higher and higher. + +Its not about the house price, its about the debt and the individual. The fact that house prices have become linked to this system is a factor of convenience rather than a function of land value and build cost. What else could we have used? It has to be something meaningful to the consumer, that holds strong emotional and functional value. That can be possessed and sold on. That can be inflated to meet the inflationary needs to the debt. +We know the data is real, because of the same spike a quarter ago, and several other quarters going back a long time. + +We don’t know who borrowed the shares, but we have some idea who is holding the bag. + +u/Ortex_official the next part is for you to consider: + +Shares loaned out yesterday exceeds shares possible to loan. +GameStop will release updated DRS numbers with Q3 earnings. + +Right now you can contact the SEC with the information you have available and have a chance to get a whistleblower reward. This window of opportunity is rapidly closing. + +Once DRS numbers are confirmed and we can prove that there are not enough shares for anyone to lend out that ludicrous amount, Ortex becomes complicit. +Ortex will have stayed quiet in a matter of international securities fraud. + +Ask yourself u/Ortex_official if this is a risk worth taking… We know you have the data - but now DRS numbers means that soon we will be able to prove securities fraud and after yesterday you risk getting caught as complicit due to passivity. + +Do a risk analysis and blow the whistle… +Edit: *2022. I’ll still be writing ‘2021’ well into February 🙃 + +I obviously realize if CS told them the float (+ potentially more) had been locked, they would most likely not announce/deal with it in this way. Even if they wanted to, their legal team would probably heavily dissuade them not to 😂 + +I also realize my evaluation of how fast we’re DRSing may be a bit generous. But what I am certain of is that Apes own the float, several times over. + +But... *come. on.* How fucking A P E Y would you get if an announcement like that was given? “Heyyy hedgies 😘 We know. We know *allllll* of it. And we just want *you* to know… that we know.” + +Mic drop. + +Absolute meltdown-chaos ensues. + +\+623758% in AH. + +MOASS 🚀🚀🚀 +Hi Everyone, + +I'm trying to work on becoming a better trader. Been day trading for about 2 years now and still working on being consistently profitable. I used to use RSI, Moving Averages and a ton of other indicators that I found to just be lagging and took away from me paying attention to the chart and price action. + +Lately I've been trying to become better at price action trading and paying attention to the following: + +\-Support & Resistance levels + +\-Supply & Demand zones + +\- Trendlines + +\- Candlestick patterns + +I still use the 200MA on the daily time frame just to see where the market is overall but outside of that I only have the VWap on my screen while trading. + +I'm using the 15M timeframe for charting during market hours and the 5M for entries on a play. + +Anyone provide any tips on becoming more consistent? I watched thousands of hours of YouTube videos and just wanted a different perspective from anyone that may have been doing the same and struggling and found something that worked for them. + +Any help is appreciated. Thank you. +...should not be a regular "thing" we read every day from amateur investors! PLEASE read a book and use a paper-trade simulator, take it incremental and BE SMART & cool-headed about every move. +Hi PF, + +&#x200B; + +I moved to europe when I was 17 to attend school/university. Because I had dual nationality (US/UK) this was very easy for me. I have since graduated and have worked for the last 4 years in London, and have recently moved to Paris. + +&#x200B; + +Here I met another american colleague who was complaining about having to pay taxes/file with the IRS. I have never done this. I assumed the US was like all other counties where you only pay tax when you live there... + +&#x200B; + +Personally I have no idea how to do this, or where i should even start! My family resides in PA. + +&#x200B; + +For more info heres my approximate earnings per year. + +2018:40k + +2017:33k + +2016:35k + +2015:25k + +&#x200B; + +To put it simply, am I screwed here? Please let me know if any more info could help. + +&#x200B; + +edit: Massive thanks to everyone, the overwhelming amount of advice is greatly appreciate. I am much more at rest mentally, but ill certainly get my shit together and file. Thanks! +**Nikola saw another stock crash yesterday, while Alibaba’s stock plunges after-hours with increased pressure from the regulators. Some news about FCEL, DKNG, PENN and other stock market news for today.** + +**\~Very Long Post\~** + +Hello everyone and Good Morning! First of all, I wanted to wish to everyone happiness, peace and prosperity this upcoming Christmas, hope you are all doing well, Merry Christmas everyone. + +And let’s start with the recap of yesterday as we saw the [Dow Jones](https://ibb.co/syhtLB9) leading the way, finishing up .38%, with the broad market [SP500](https://ibb.co/p4bcpsq) also barely finishing in the green for the day up .07% and the [Nasdaq Composite](https://ibb.co/XtPLRkZ) finishing in the red .29%. + +We also saw the [VIX](https://ibb.co/1MHj5jB) dropping again today by 3.8% despite being even lower but seeing a pop in the last hours of trading with a spike of more than 4% with more uncertainty being created in the Congress after Trump [vetoed](https://ibb.co/7RpRq4W) the defense bill, as he continued to distract the attention from the big number of [pardons](https://ibb.co/pn5ZGcn) he keeps giving out, with the latest round bringing the total to almost 50 in the past week. + +More than 60% of the companies were gaining [yesterday](https://ibb.co/wB1W5gZ) with over 200 new highs, but the volume was relatively low in this shortened trading week, as 8 of the 11 SP [sectors](https://ibb.co/tDMkjKc) were gaining yesterday with Energy and Financials gaining more than 1.6% with Financials gaining a boost as the [Treasury](https://ibb.co/XFcwxzV) yields pushed up and the curve continues to steepen, while the laggards were Real Estate, Technology and Utilities as value plays especially small and mid-caps outperformed [yesterday](https://ibb.co/J3LB8fZ), with the large-cap growth companies finishing the day down by more than half a percent. + +You can see this exact thing in this [HEAT MAP](https://ibb.co/QJ78SkH) as the 3 biggest companies in the world, Apple, Amazon & Microsoft, finished the day down more than 0.6%. You can also see that most of the gains were concentrated in the banks and oil & gas industry while the rest of the market was pretty much mixed with companies like Tesla, Google, Facebook having small gains, while others like Zoom, Netflix, Airbnb and many more suffered. + +Yesterday we also got the AAII [SURVEY](https://ibb.co/phzNq0d) that shows how investors were feeling last week. This time we don’t get any good news as this is a contrarian indicator, as people started to move from a bearish sentiment to a more neutral sentiment with more than 4% of investors moving from a bearish view to a neutral view, with only a .1% increase in bullish investors last week, as the stimulus bill seemed to be finally agreed on before Trump making new headlines this week again with the Veto of the NDAA. + +Meanwhile we also got tons of economic data yesterday starting with initial and continuing [jobless](https://ibb.co/bg8K6Dt) claims as initial claims came in way [lower](https://ibb.co/n81QxT6) than expected just over 800K, down almost 90K from the previous week and falling to a 3-week low, with the continuing jobless claims also dropping to 5.3M, lower than last week and what was expected from the analysts. + +We also saw the durable goods [number](https://ibb.co/DYN5hkb) coming in better than expected with a .9% increase, up for the 7th straight month, while house [PRICES](https://ibb.co/DKms26p) rose nationwide by 1.5% in October from the previous month, which continued to push house prices higher by more than 10% since last year, with home [SALES](https://ibb.co/xhLcYy5) falling in November but are still up over 20% year over year as the median sales price of new houses continued to trend up. + +Alongside this we saw the final consumer sentiment read slipping in [December](https://ibb.co/GV1yS3f) to 80.7, lower than expected but higher than the 76.9 in November, with the November Personal [INCOME](https://ibb.co/0QCHRdN) coming worse than expected, losing 1.1% from the previous month. + +In contrast, [today](https://ibb.co/74kjcZD) we don’t really get any critical economic data and the stock market closes early. + +So, we saw Nikola take another stumble [yesterday](https://ibb.co/319S2TR), after the whole Apple & Tesla [disruption](https://ibb.co/n897DvD) as we saw the stocks drop more than 10% again yesterday and is down more than 26% since I made my prediction and just hit my first price target, here is the link to that [post](https://www.reddit.com/r/StockMarket/comments/k4l70a/tesla_news_nio_sales_nikola_stock_crash_stock/). + +Nikola shares skid [yesterday](https://ibb.co/zhjQhMq) again after another deal for the company fell, as that meant the termination of the deal with Republic Services to develop an electric garbage truck for them. The deal was expected to have Nikola produce over 2500 trucks for the company. So, I would trim my sell position on Nikola here, while leaving some for my next target, with that target being a drop in the single digits in the future for the company. + +In contrast to Nikola, we saw FuelCell Energy [rising](https://ibb.co/59M4JB3) for a seventh straight session, this has happened after the Congress has included provisions in the relief bill to extend clean energy tax credits, and seems to be one of favorite plays in the stock market right now. + +In some other stock market [news](https://ibb.co/V3JdsFX), we saw Alibaba shares plummeting again more than 8% on the Hong Kong exchange and more than 7% in pre-market in the US by [now](https://ibb.co/7VXxMCC), after more pressure has been put on the company as the Chinese authorities are continuing to pursue anti-monopolistic investigations on the company while also continuing the investigation on Ant Group which is an affiliate of Alibaba as they hold more than 1/3 of the company. I think these investigations are very likely to come out with fines and structural changes on how the company will work with its subsidiaries and affiliates, and that the high flying, record-breaking, Ant Group IPO will likely be postponed for a longer period until they meet regulators requirements as it is expected that Ant Group will be given some guidelines to follow by the [regulators](https://ibb.co/kBm5431). My personal belief is that Alibaba is a great company and it should trade higher than this, but until this whole mess with the authorities clears, anything can happen as you can see in this [CHART](https://ibb.co/ssR3Ld6), as the stock has underperformed since Ant Group canceled the IPO, with my long-term price target for Alibaba being 300$, but I wouldn’t go to heavy on this trade right now. + +Enough of Alibaba, meanwhile we also saw XL Fleet jumping huge [yesterday](https://ibb.co/MP9XBv2) after the usual short-seller Citron, indicated that there is still more upside for this company. + +And one final piece of [news](https://ibb.co/6Zp3qMw) is that Colorado set another record for wagers in November, this is another confirmation of the gambling tailwinds that will skyrocket companies like DraftKings & PENN Gaming higher in the next years. + +Let’s hope for a good day in the market as the [FUTURES](https://ibb.co/QvL0MV4) seem to be pointing at a good open, with the Nasdaq Composite leading the way, while the European Union and UK are finally nearing a deal for [Brexit](https://ibb.co/M9pkZxY), and remember there are only 5 trading sessions left in 2020 with today also being a short-day of trading. + +Also, don’t forget this is usually when one of the best 7-day period for gains happens, with an [average](https://ibb.co/QbcDDrh) return of 1.33% and a 77% chance of that happening since 1950. But be careful, not every year is a winner, you can see [here](https://ibb.co/16STGsc) some examples, with 1999 being a very bad year as the dot com bubble approached, with another bad year coinciding with the start of the financial crisis. Hopefully this will be the 5th straight year with a positive return in this period. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +Hi all 👋🏻. Alexis Goldstein here. During my testimony before the House Financial Services Committee today, I tried to flag some open questions I have. One of them is, what was the volume of trading in GME (and other meme stocks) by institutional players who, unlike retail, can trade “over the counter” (OTC) options (which they typically still hedge with listed stock). If regulators or Congress had a sense of the volumes of OTC options on GME that traded in periods of high volatility, that would give some insight into their overall footprint in the volatility. + +I elaborate on this a bit more in my written testimony if you’re interested: +https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-goldsteina-20210317.pdf + +And here are some my other observations about today’s hearing, in case that is also of interest! https://twitter.com/alexisgoldstein/status/1372355570196480002?s=21 + +UPDATE: I wrote up some of my thoughts on yesterday's hearing over at my newsletter, if it's of interest! https://marketsweekly.ghost.io/second-gamestop-hearing-in-hfsc/ +Indicators of recession in the housing market are being picked up by the mainstream [media](https://money.cnn.com/2018/08/01/investing/markets-now-lindsey-piegza/index.html). + +> "One of the biggest concerns is the housing market," said Lindsey Piegza, chief economist for Stifel, on CNNMoney's "Markets Now" live show Wednesday. "It's throwing up a very large red flag and suggests maybe this 4% growth we saw in the second quarter is not sustainable." Piegza says that echoes what happened right before the Great Recession in 2008. + +> "We're not there yet, but this is what led us to the housing crash," she said. + +And many metro areas (including my own) have been seeing almost double-digit growth in median home prices for the last year or two. + +When do you, as an individual investor, decide to hold off on acquiring new properties and just save cash? +Only Sri Lanka has suffered a worse single-day drop since 1950 + +South America nation endured similar one-day sell-off in 2002 + +https://www.bloomberg.com/amp/news/articles/2019-08-12/argentina-s-46-stock-rout-second-biggest-in-past-70-years +So you're telling me that we are about to enter a double recession with interest rates, or "cost of capital" near zero %? Do people realize how fucked we are? + +What determines a recessionary period is if REAL GDP is negative for a prolonged period of time. Generally that means that real demand goes negative. However, what we starting to see is nominal retail sales are up, while real retail sales are negative! See chart below (not adjusted to date). + +So, correct me if im wrong. A consumer spends on meat and chicken. both of them are 10 usd. Now, after a period of time, that same consumer only spends on meat, but the price is 20 usd for it. On the first time, GDP was 20, and on the second, still 20. However, the real GDP was 20, and now its 10. So the consumer is worse off at the end. + +So what does this mean? Well, if nominal sales are up, and real sales are down, real GDP is negative, but the consumer is spending more money. + +The biggest problem is that if we do enter a recessionary period, with interest rates close to zero, the FED cant do anything without falling into a liquidity trap or destroying the US dollar. What i mean is, lowering the interest rate with an already extreme level of M2 wont help the future economy as nominal sales will explode, and if inflation slows down, the increase in M2 wont cause real demand to increase because it will stay as cash, or bank reserves like 2008. So the FED will have to increase government budget with fake money, in an already overblown gov debt, to recover real demand and support the economy. + +We already know what happens next. 18 months later, 40 year high inflation. And imagine real wages after getting hit with 5-10 year long high inflation. How can real demand ever recover if wages cant increase faster than inflation? + +We can also think at it like this. If cost of debt is zero, and demand goes negative, than nobody wants it, and we are fucked. + +The US economy is extremely tight and it already looks like the bubble wants to burst. But it wont, cause every country in the world will follow the Dollar. + +And for the stock market, if you check the real value of sp500 by dividing it with M2, you will see how the bubble is still not done. The creation of money will always continue, and the value of the market will always go up. Traders will be burned, hedge funds will always win. + +https://preview.redd.it/dorc76sq2s191.png?width=850&format=png&auto=webp&s=e3b42dd9bac411ab17f6cda60e3e80dcb0b0ce3f +I went to see Inside Job yesterday and I was hoping you guys could help clear something up for me. There was a chart that showed how investment banks' leverage increased dramatically throughout the bubble but I don't understand where this leverage came from. + +From what I can gather, when used in this sense leverage means assets/equity +([wikipedia](http://en.wikipedia.org/wiki/Leverage_\(finance\)#Leverage_and_the_financial_crisis_of_2007-2009)) + +So you would need to borrow money to increase your leverage, right? Who was the lender willing to allow these banks to increasingly borrow more and more from them? Where did this leverage come from? + +I suspect I'm missing something (maybe due to my elementary understanding of derivatives) but can someone explain how this works? +(Edited to add: THANK YOU ALL SO MUCH! These replies are life changing. Ive read everyone and I’m taking notes on what you’re saying. THis post alone makes reddit worth it to me.) + +OK this is a silly question, and I’m not sure ill get much input but its still worth a try. You all are so nice most times after all. + +Background: + +I’m single guy, mid 40s and I live about 30 min north of a medium sized midwestern US city. I own a large (3k sq foot) house I bought 18 months ago when I relocated for this current job. The house is in a very suburban, family-oriented town. Its very quiet here, and boring. As a single dude, its not awesome (even before Covid) but it IS one of the hottest real estate markets in the state. + +Ive recently been promoted to a more executive position at a very good salary with the best perk of being 100% remote and able to live wherever I want. + +Scenario: + +In the 18 months Ive lived here, Ive learned a lot about me and living here: + +\#1- A single guy with no kids has zero to do here. I’m pretty unhappy with it. My quality life isn’t BAD per se, its just .... empty. + +\#2- This house is too darn big to take care of. In warmer times of the year, my weekends are literally 100% chores to maintain the house. It never ends. + +\#-3 I love home owning, but don’t need 4 bedrooms/3 floors etc. I can easily afford the mortgage here though. + +Being that the market is really extra hot now, I THINK I could sell it and at least break even if not make a little. There’s a high chance that it would sell the day I list it. There’s also a chance I could take a loss after you add in realtor fees. I’m NOT savvy with FSBO. + +Maybe rent an apartment, maybe buy a townhome, maybe move to another part of the US and get an apartment/buy something. As soon as I start thinking about the above though I start to fear that this is a really BAD financial move and I don’t know why. Downsizing is something people do at retirement not in their 40s. So, my question is that Ive made a mistake buying what I did, where I did. With the above info, what would you do? + +&#x200B; + +&#x200B; + +EDITED TO ADD: + +\- This is so poignant now because I JUST got the promotion that came with the remote work option. I asked for it during the promotion conversation and they said "of course". I never thought it was possible. + +\- Renting out is probably not an option as the rental market for the cost wouldn't be there. Ive done it before as well, and Ive found Im not cut out for the stress of being a landlord (even with prop managers). +I have a $1500 medical bill for an ER visit that I don't even remember. This bill is after insurance and I'm on my family's plan that's supposed to be really worth the $600+ per month payment. + +I cant afford this and it's completely ridiculous. No ambulance ride or anything, just a brain scan because I knocked myself so damn hard I couldn't stay conscious. I wake up and a week later they send me a bill for $1500. How the hell am I supposed to pay this? I have insurance for a damn reason. + +Guess I'm saying goodbye to my school because I have to drain my college savings to pay for this. +https://finance.yahoo.com/news/burger-kings-impossible-whopper-heres-what-eaters-had-to-say-210643438.html + +“The reason why is the texture,” he said. “It’s very hard to mimic, in a lab, the way real meat is... I do love Beyond, but Impossible beats it because of the texture.” + +Another diner echoed the same sentiment. “I like Impossible better [than Beyond]. It tastes more like meat. I gave up red meat about 10 years ago, and the one thing I missed the most was hamburgers. The Impossible burger brings back that nostalgia.” + +However, competition isn’t the only issue that the alternative-meat producers are facing. Customers have already begun reporting shortages at their location restaurants that serve Impossible burgers. Yahoo Finance reached out to Impossible Foods to ask about how the company plans to meet the spiking demand. +It's July 2022. + +War is raging. MSM is fud. Crypto is "dead". + +Superstonk is quiet. Apes are Zen. + +We screamed and shouted and tried to warn them. + +Some listened, most did not. + +Apes like Pirates in the eye of the storm. + +Silent & hodling to the mast. + +A new world is on the horizon. + +Can you hear her singing? +I remember reading this quote many years ago and it just struck me today when I had run out of quarters for the laundromat how true it actually was. + +Now I have to find time to go to the bank to buy a roll of quarters which doesn't seem like much but over the course of a lifetime it could add up to be days, weeks, or even months of time spent driving to the bank and waiting in line just so I can have clean clothes to wear. + +And even then having access to a laundromat would probably be considered a luxury for some people. I know some of my relatives who live in third-world countries that have to hand wash and hang-dry their clothes because the closest laundromat to them is too far away, not to mention they probably wouldn't be able to afford it either. Imagine how much time it takes for them just to have clean clothes to wear. + +I know this idea scales up even further but this thought just popped into my head and I thought I'd share it with yall. +I remember reading this quote many years ago and it just struck me today when I had run out of quarters for the laundromat how true it actually was. + +Now I have to find time to go to the bank to buy a roll of quarters which doesn't seem like much but over the course of a lifetime it could add up to be days, weeks, or even months of time spent driving to the bank and waiting in line just so I can have clean clothes to wear. + +And even then having access to a laundromat would probably be considered a luxury for some people. I know some of my relatives who live in third-world countries that have to hand wash and hang-dry their clothes because the closest laundromat to them is too far away, not to mention they probably wouldn't be able to afford it either. Imagine how much time it takes for them just to have clean clothes to wear. + +I know this idea scales up even further but this thought just popped into my head and I thought I'd share it with yall. +I've been working since I was 16 years old, and ten years later, I've never stopped. Even when I was in College, I was juggling between classes, my two jobs, and my unpaid internship. Thanks to my master degree, I found a steady job, but I make 1700€/month and my rant is like +1100€ (I live in Paris for reference ; not the cute Paris either like in the *Netflix* serie, more like in a sketchy area where it's not good to come home late). I'm a second-gen immigrant and I always feel embarrassed to ask my parents for help. They struggled all their lives, I feel like I should be the one helping them out you know ? My friends are all pretty well-off too, which doesn't help tbh (even if I'm very happy for them, it's just that they don't really understand my struggles). + +Anyways, I feel doomed by poverty. I've got a ton of mental health issues (depression, bipolar disorder, adhd) and even though i'm powering through it thanks to a wide range of medications, I feel so tired. Every time I cross a bridge, I'm thinking about jumping into the Seine river. I've got to take care of my cats so I definitely won't, but still, it's crushing. I see my friends buying property, having kids, being financially secure, and I just can't help but thinking I will never catch up, like it's too late you know? + +I really try to save up some money but it's like it'll never be enough. And I always feel *so* guilty when I spend money on myself. I know it could be worse, so I'll stop my complaining right there, but, you know. It's hard sometimes. I feel at home in this subreddit haha. Take care, everyone. +Background: I hold a demat in HDFC securities, and do trading extensively. I sold off equity in PNB 12 days back, and was expecting returns to my account at T+2, which would be on 24th. + +&#x200B; + +I have reported it to HDFC, but to be honest I am not sure what I should do next. Thoughts guys? +Gonna use an example apartment with a $650k purchase price. North west Sydney location (Hornsby) about 20km from the city. Building around 14 years old. No pool/gyms. Block of 50 plus units. + +Apartment sold for $530k in 2014. + +Strata is $4k~ pa +Water is $400~ pa +Council rates $1k~ pa. Total Roughly $6k pa + +Let’s say 110k deposit. 540k mortgage at 1.98% fixed for 3 years. + +Weekly repayments of P&amp;I around $450. + +Plus $105 more a week for all strata costs. + +This equates to 28k a year. I’m guessing 2/5 is interest. 1/5 is strata costs and 2/5 is principal. But it’s probably lower. +This is anecdotal but I'm a contractor so I have wealthy clients who I regularly chat with. I've asked a lot of those people who live in very expensive homes in the GTA what they do for a living, they all told me they either own real estate or have some kind of business. From what I read on here and from Ben Felix, VGRO/passive ETFs have a higher return than real estate. Is this just my selection bias? Because the math is clear that ETFs or REITs are better than physically owning properties. I would think it'd be more common though. +Restaurant Brands International Inc. saw the pandemic take a big bite out of earnings last quarter, with sales down 31 per cent year over year despite a rebound during the past month as commuters return to the roads. + +The absence of morning coffee consumers and afternoon snack seekers for much of the second quarter pushed down profits at the parent of Tim Hortons and Burger King by 37 per cent compared with a year earlier, the company said. + +“The pandemic has had an especially pronounced impact on routine-based visits, including on the morning commute and afternoon snack occasions, which each represent a significant part of our business,” RBI chief executive Jose Cil said on a conference call with analysts Thursday. + +Nonetheless, system-wide sales have climbed back to 90 per cent of their pre-COVID-19 levels, he said. + +Most RBI locations in Canada and the U.S. remained open during the outbreak, but the company shifted heavily toward drive-thru and delivery as patrons shied away from bricks-and-mortar locations and dining areas became no-go zones. + +Drive-thru sales - some 12,000 of RBI's roughly 15,000 storefronts in Canada and the U.S. sport drive-thru windows - rose at least 10 per cent at Tim Hortons by June, 20 per cent at Burger King, 100 per cent at Popeyes, mitigating the larger revenue plunge. + +The company has added nearly 3,000 more restaurants to its delivery network in Canada and the U.S. since February, bringing the total to nearly 10,000. + +In spite of the boost in off-premise service, the pandemic drove a steep revenue decline at RBI's two biggest brands, with sales at Tim Hortons and Burger King shrinking by one-third and one-quarter, respectively. + +“It's been a tremendous challenge for folks in our company, at the headquarters as well as our franchisees and the folks in the restaurants that are working every day to service through drive-thru and delivery,” Cil said in an interview. + +A sales surge at Popeyes helped soften the blow, and RBI said virtually all 27,000 restaurants across the three brands are now open again. + +Net income fell to US$163 million in the quarter ended June 30, down from US$257 million a year earlier, RBI said. + +The Toronto-based company, which reports in U.S. dollars, said revenues fell 25 per cent last quarter to $1.05 billion from $1.4 billion in the previous year. + +On an adjusted basis, diluted earnings plunged to 33 cents per share from 71 cents per share, nonetheless exceeding analysts' expectations of 31 cents per share, according to financial markets data firm Refinitiv. + +https://www.bnnbloomberg.ca/tim-hortons-sales-fall-by-one-third-as-rbi-feels-the-pain-of-pandemic-1.1476390 + + +Made a high conviction doc. The rest can be found on google docs here + +[https://docs.google.com/document/d/1cgigzLRDGmCyT-53hXAzqRxeZAR-23l4FJ\_291cUEJg/edit?usp=sharing](https://docs.google.com/document/d/1cgigzLRDGmCyT-53hXAzqRxeZAR-23l4FJ_291cUEJg/edit?usp=sharing) + +**Thesis** + +**Growth, Growth, and more Growth** + +Nuvei is a Canadian payment processing company that is growing at an amazing rate, with 132% increased user volume, 80% increased revenue for the year. The company is integrating crypto, sports betting, and e-commerce payment solutions for both retail and merchant clients. The company recognizes that crypto and sports betting are juicy markets for growth and revenue. The CEO expressed in the 2021 earnings call he is especially interested in facilitating NFT’s and crypto speculation for both clients and merchants. Very interesting! This makes me bullish as the company is acting on its strengths, future trends, and customer needs. + +The company is forecasted to continue growing at a phenomenal rate, 50%-100% user growth in 2021 is forcasted, and will persist for 2-3 years. Companies with high growth and future expected return often produce higher stock returns. The current 10 billion dollar market cap has low trading volumes of $300k-$350k, suggesting the company is still under the radar. It appears the company's growth, financials, and management is mirroring Shopify in its early days. I like that the company is a decent size, 10 billion (US), and is not a speculative micro-cap company. There seems to be real interest in this company from Canadian banks and investors. Another good sign. + +**NUVEI is Profitable!** + +The company is profitable, rare for a high-growth company, and is reducing operating costs while growing its revenues. The company has *positive* operating revenues, *positive* net income, healthy balance sheet, and is investing back into the business. The company’s stock price has risen 110% since its IPO in 2020, not bad for an up-and-coming Canadian company. + +**Possible Earning Beats to Come** + +Referring to Nuvei’s earning transcript for 2021 (refer to Nuvei investor page on their website), Nuvei management has made several large acquisitions of crypto and sport betting processors that it expects will boost revenues more than analysts expect. These acquisitions will make Nuvei’s products even better and attract more users. In Nuvei’s earnings call, management made it clear they are not including all of their acquisition revenues into their guidance because they want to remain conservative. It can be suggested that management's low ball guidance sets up the company to beat earning reports in 2021, and this can push the stock price higher than expected. + +**NYSE Up List?** + +Nuvei currently trades on the Toronto Stock Exchange and OTC markets. I would love to see a future NYSE up list so that options can be played on the stock. Plus the added volumes and hype would create temporary price jumps. + +**Update** **August 20, 2021** + +Nuvei smashed earnings and demolished expectations. Increased revenues forecast, user growth, and profits. Daily stock trading volumes are extremely low as this is a Canadian company. NASDAQ application is now filled and pending approval. It is clear that until $NUVEI starts trading on the NASDAQ, Wall Street will not recognize this company. + +**Conclusion** + +In summary, the company is a cash-generating machine, with increasing revenues, great margins, increasing users, solid financials, and experienced management, Nuvei appears to be a home run tech growth play. Being a Canadian Company, the stock gets overlooked by many U.S investors, and as the company proves out it's business more investors will take notice. + +*My bull case is a 3x-7x return over a 2-5 year time frame. If the company can continue to hit home run earning beats It can go much higher.* + +**Updated Q2, August 10** + +Financial Highlights for the Three Months Ended June 30, 2021 + +* Total volume(2) increased 146% to $21.9 billion from $8.9 billion + + * eCommerce represented approximately 84% of total volume +* Revenue increased 114% to $178.2 million from $83.3 million +* Net income was $38.9 million compared to net income of $14.0 million +* Adjusted EBITDA(1) increased 112% to $79.4 million from $37.4 million +* Adjusted net income(1) was $64.5 million compared to $16.3 million +* Net income per diluted share of $0.26 compared to $0.15 +* Adjusted net income(1) per diluted share of $0.44 compared to $0.18 +* Cash of $533.7 million at June 30, 2021, compared to $180.7 million at December 31, 2020 +Guten Tag to this global band of Apes! 👋🦍 + +First, I'd like to apologize for the inaccuracies of the data in yesterday's post. Occasionally the data sources I use to scrape the data that I post change format, and I did not detect that there was unusual volume and slightly low price data. I appreciate everyone who let me know, and hope that I have now corrected the problem. + +There are several recent indications that we may be nearing another upward breakout, far larger than the 20%+ that we've had over the past few days. Ortex showing 100% utilization, XRT reaching 1300% shorted, the SEC showing some interest in regulating, Ryan Cohen being particularly chatty, and GameStop's series of announcements expected to continue... all of these things have my tits jacked. Add to that the cans that were kicked from last month to this month and the steady rate of Apes DRSing shares, and I see a lot of potential for this to be where the shorts lose control and start falling. + +Until that day does come, I will be here with each of you, celebrating this worldwide movement during what may be the final 'pre-MOASS' days. I never expected to get this attached to this movement, but you all make it a true joy to come back each day. + +Today is Thursday, February 10th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$125.61 / 109,85 €** *(volume: 5276)* +- 🟩 115 minutes in: $125.18 / 109,48 € *(volume: 5094)* +- 🟩 110 minutes in: $124.86 / 109,19 € *(volume: 5080)* +- 🟥 105 minutes in: $124.61 / 108,97 € *(volume: 3182)* +- ⬜ 100 minutes in: $126.67 / 110,78 € *(volume: 2677)* +- 🟥 95 minutes in: $126.67 / 110,78 € *(volume: 2627)* +- ⬜ 90 minutes in: $126.90 / 110,97 € *(volume: 2506)* +- ⬜ 85 minutes in: $126.90 / 110,97 € *(volume: 2401)* +- ⬜ 80 minutes in: $126.90 / 110,97 € *(volume: 2354)* +- 🟩 75 minutes in: $126.90 / 110,97 € *(volume: 2322)* +- ⬜ 70 minutes in: $126.76 / 110,85 € *(volume: 2319)* +- ⬜ 65 minutes in: $126.76 / 110,85 € *(volume: 2295)* +- ⬜ 60 minutes in: $126.76 / 110,85 € *(volume: 2209)* +- ⬜ 55 minutes in: $126.76 / 110,85 € *(volume: 2205)* +- ⬜ 50 minutes in: $126.76 / 110,85 € *(volume: 2203)* +- 🟥 45 minutes in: $126.76 / 110,85 € *(volume: 2201)* +- ⬜ 40 minutes in: $126.90 / 110,97 € *(volume: 2177)* +- ⬜ 35 minutes in: $126.90 / 110,97 € *(volume: 2133)* +- 🟩 30 minutes in: $126.90 / 110,97 € *(volume: 2102)* +- 🟥 25 minutes in: $126.76 / 110,85 € *(volume: 2090)* +- 🟩 20 minutes in: $127.64 / 111,62 € *(volume: 1782)* +- 🟩 15 minutes in: $124.67 / 109,03 € *(volume: 593)* +- ⬜ 10 minutes in: $123.44 / 107,95 € *(volume: 162)* +- 🟥 5 minutes in: $123.44 / 107,95 € *(volume: 105)* +- 🟥 0 minutes in: $123.50 / 108,00 € *(volume: 87)* +- 🟩 US close price: $124.29 / 108,69 € *($123.30 / 107,83 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1435. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Tag to this global band of Apes! 👋🦍 + +First, I'd like to apologize for the inaccuracies of the data in yesterday's post. Occasionally the data sources I use to scrape the data that I post change format, and I did not detect that there was unusual volume and slightly low price data. I appreciate everyone who let me know, and hope that I have now corrected the problem. + +There are several recent indications that we may be nearing another upward breakout, far larger than the 20%+ that we've had over the past few days. Ortex showing 100% utilization, XRT reaching 1300% shorted, the SEC showing some interest in regulating, Ryan Cohen being particularly chatty, and GameStop's series of announcements expected to continue... all of these things have my tits jacked. Add to that the cans that were kicked from last month to this month and the steady rate of Apes DRSing shares, and I see a lot of potential for this to be where the shorts lose control and start falling. + +Until that day does come, I will be here with each of you, celebrating this worldwide movement during what may be the final 'pre-MOASS' days. I never expected to get this attached to this movement, but you all make it a true joy to come back each day. + +Today is Thursday, February 10th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$125.61 / 109,85 €** *(volume: 5276)* +- 🟩 115 minutes in: $125.18 / 109,48 € *(volume: 5094)* +- 🟩 110 minutes in: $124.86 / 109,19 € *(volume: 5080)* +- 🟥 105 minutes in: $124.61 / 108,97 € *(volume: 3182)* +- ⬜ 100 minutes in: $126.67 / 110,78 € *(volume: 2677)* +- 🟥 95 minutes in: $126.67 / 110,78 € *(volume: 2627)* +- ⬜ 90 minutes in: $126.90 / 110,97 € *(volume: 2506)* +- ⬜ 85 minutes in: $126.90 / 110,97 € *(volume: 2401)* +- ⬜ 80 minutes in: $126.90 / 110,97 € *(volume: 2354)* +- 🟩 75 minutes in: $126.90 / 110,97 € *(volume: 2322)* +- ⬜ 70 minutes in: $126.76 / 110,85 € *(volume: 2319)* +- ⬜ 65 minutes in: $126.76 / 110,85 € *(volume: 2295)* +- ⬜ 60 minutes in: $126.76 / 110,85 € *(volume: 2209)* +- ⬜ 55 minutes in: $126.76 / 110,85 € *(volume: 2205)* +- ⬜ 50 minutes in: $126.76 / 110,85 € *(volume: 2203)* +- 🟥 45 minutes in: $126.76 / 110,85 € *(volume: 2201)* +- ⬜ 40 minutes in: $126.90 / 110,97 € *(volume: 2177)* +- ⬜ 35 minutes in: $126.90 / 110,97 € *(volume: 2133)* +- 🟩 30 minutes in: $126.90 / 110,97 € *(volume: 2102)* +- 🟥 25 minutes in: $126.76 / 110,85 € *(volume: 2090)* +- 🟩 20 minutes in: $127.64 / 111,62 € *(volume: 1782)* +- 🟩 15 minutes in: $124.67 / 109,03 € *(volume: 593)* +- ⬜ 10 minutes in: $123.44 / 107,95 € *(volume: 162)* +- 🟥 5 minutes in: $123.44 / 107,95 € *(volume: 105)* +- 🟥 0 minutes in: $123.50 / 108,00 € *(volume: 87)* +- 🟩 US close price: $124.29 / 108,69 € *($123.30 / 107,83 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1435. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +In the early days of the internet, media hit pieces tried to blame the internet for energy consumption. + +>Somewhere in America, a lump of coal is burned every time a book is ordered on-line. + +[https://www.forbes.com/forbes/1999/0531/6311070a.html?sh=12b1b1ad2580](https://www.forbes.com/forbes/1999/0531/6311070a.html?sh=12b1b1ad2580) + +>The current fuel-economy rating: about 1 pound of coal to create, package, store and move 2 megabytes of data. The digital age, it turns out, is very energy-intensive. The Internet may someday save us bricks, mortar and catalog paper, but it is burning up an awful lot of fossil fuel in the process. +> +>There are already over 17,000 pure dot-com companies (Ebay, E-Trade, etc.). +> +>The larger ones each represent the electric load of a small village. + +Media tried to gaslight and brainwash tech companies with the burning fossil fuel narrative. + +Some 20 years onwards, this entire article reads like a joke. + +>Getting the bits from dot-com to desktop requires still more electricity. Cisco's 7500 series router, for example, keeps the Web hot by routing an impressive 400 million bits per second, but to do that it needs 1.5 kilowatts of power. The wireless Web draws even more power, because its signals are broadcast in all directions, rather than being tunneled down a wire or fiber +> +>Just fabricating all these digital boxes requires a tremendous amount of electricity. The billion-dollar fabrication plants are packed with furnaces, pumps, dryers and ion beams, all electrically driven. It takes 9 kilowatt-hours to etch circuits onto a square inch of silicon, and about as much power to manufacture an entire PC (1,000 kilowatt-hours)as it takes to run it for a year. And there are at least 300 of these factories in the U.S. Collectively, fabs and their suppliers currently consume nearly 1% of the nation's electric output. +> +>The global implications are enormous. Intel projects a billion people on-line worldwide. That's $1 trillion in computer sales -- and another $1 trillion investment in a hard-power backbone to supply electricity. One billion PCs on the Web represent an electric demand equal to the total capacity of the U.S. today. + +Does this resemble the current attacks against cryptocurrencies? + +The exact same arguments are now used against bitcoin, trying to fool people into believing that bitcoin is the worst thing in the world. + +Thousands of people believe what these articles at face value despite not having any understanding of the intricacies of bitcoin mining + + +Edit: Lmao @ the dumpster fire the comment section is, everyone shilling their premined scamcoins like Nano. Its hilarious seeing Nano paid shills/bag holders trying to compare Nano's recurring spam outage (that costs a trivial $ amount to attack) to BTC 2018, during which you could still send transactions without any problem whatsoever. **Considering the aggressive nature of the shilling in comments, I am forced to update the thread with what Nano actually is...** + +Nano is a scam that was premined at the press of a button, distributed among themselves by Colin using funny faucets where the insiders themselves claimed most of the tokens, then abruptly the faucet was closed, the team now having control of most of the coins decided to pump it to yahoo land on a fraudulent exchange and ride into the sunset while also cashing out slowly for years. No wonder Nano price has never even recovered past its early 2018 ATH, after 4 years its still down a huge % from ATH. (thats what happened when you have an endless premine ready to dump on you). Nano peddlers are pushing this as a competitor to BTC lmao. A stablecoin like DAI or USDC on any ETH L2 solution renders Nano as useless. Which is why almost no one talks about Nano except their own bagholders who try to push it aggressively. + + +Fraudsters on this tread will try to push such scams to unsuspecting readers lol +I’m in my early 20’s, so I’m on the fence on if I want to stay where I am or go somewhere new. Wondering if it’s worth investing soon or wait until I’m fully decided. Thank you. +I'm sure a lot of people come to FI and feel behind in their goals. Some of us were unfortunately burdened by college debt, while others just didn't save during their younger years. On the other hand, there are those who graduated from college with a six-figure salary and saved immediately. We are all very different. + +Maybe this thread can give us a better perspective, perhaps some relief, or pad the ego, for some of us in the community. + +I'm 29 and have yet to hit 100k. After college, I drug my feet and stayed at a low paying PT job for a couple years while I continued to party and live in a large/cheap shared home. Once I got into the corporate world it took a while to find a path and to grow my income. If the market doesn't shit the bed, I am on track to hit 100k next year, but who knows. +Age: 43 + +all 401k : 230k-250k depending on day. + +I current put in 15% of my gross into a 401k and my awesome company matches 8% of that which means effectively getting 23%. + +Specifically I have around 2100 per month going into my 401k all up. + +Is this considered a lot or am I behind the curve with my reddit peers? I thought about funding a Roth but I drive a sad jeep and wouldnt mid upgrading once the car market corrects. I could start saving now instead of doing a Roth. + +Whenever I talk to my peers at work they live in bigger houses, drive nicer cars and seem to save more than me which is baffling. So wanted a reality check! Thanks! +Title basically says it all but I wanted to show some pictures to go along with it. As you can see through the 2017 and 2018 timelines the Reverse Repos peak at the end of month as demand for collateral skyrockets for debt settlement etc. + + +[Reverse Repo Agreements through 2017 showing EoM peaks.](https://preview.redd.it/fn23csaixs371.png?width=2228&format=png&auto=webp&s=dd3a8b54149cab857c9576834e9ff8ae2eba1dad) + +As we can see in the above charts the peaks follow an interesting pattern. It definitely is explainable (probably by some more wrinkly of our kind in here) and the pattern is predictably comforting. + + +But now, look at what has happened in June 2021: + + +[The reverse repo agreements is sustained past the EoM peak](https://preview.redd.it/5jojr6s3ys371.png?width=2228&format=png&auto=webp&s=69cf8b0a1d2cf14c6cc3974aa1f7996e317652ee) + +Look, I am not going to be drawing any conclusions from this - but there seems to be increased demand for treasuries beyond the end of month obligations (or whatever reason the agreements peak at end of month usually). + + +What will be VERY interesting moving forward is an observation of either increased reverse repo activity OR sustained peak through June. This activity is unprecedented as far as I can tell. + + +This may or may not be related to GME. I really need some smarter apes to sound off below and maybe calm me down? Are we witnessing the great collateral squeeze starting? Who the hell knows really. +Yesterday's WSJ article caused USD to fall vs other currencies. + +Japan declined to confirm / deny if they intervened in USDJPY. + +Fed entered quiet period and early November with NFP, Midterms, CPI and FOMC could cause lots of volatility. + +I am looking at the trendline in EUR/USD. It seems to be important for markets and will hold clues to further USD strength or weakness. + +Link to EUR/USD chart: + +https://www.tradingview.com/x/t4p4Mfll/ +Credit to u/criand for pointing this out in a comment. + +&#x200B; + +edit: here is the damn eggheads that have come to the opposite conclusion (just playing I love the quant guys their work is fucking incredible): [https://www.reddit.com/r/DDintoGME/comments/nype4f/is\_gmes\_price\_related\_to\_the\_reverse\_repo\_rate\_in/](https://www.reddit.com/r/DDintoGME/comments/nype4f/is_gmes_price_related_to_the_reverse_repo_rate_in/) + +Honestly, I would trust their math over my eyeballs, but go head and read anyway so you can make your own conclusions. Criand and several others have commented with some really good insight. + +I just wanted to bring this to the community so some more wrinkly brains could make some assumptions about what may be happening. If you look at the reverse repo rates, they line up pretty well with GME movements. Let's take a looksie here... + +Here is some GME green lines to refresh everyone's memory: + +&#x200B; + +[January price action](https://preview.redd.it/9vszopnl8z471.png?width=427&format=png&auto=webp&s=3bc5900aa156a301ae0a29b3cbd1bbcf46f8491c) + +&#x200B; + +[February cute little spike there](https://preview.redd.it/ksdxq8fz8z471.png?width=705&format=png&auto=webp&s=724d90063ae75c13d27301cc13081ca274e69503) + +And here is the corresponding Reverse Repo graph: + +&#x200B; + +[Reverse Repo for Jan and Feb](https://preview.redd.it/qyeyuplr8z471.png?width=1167&format=png&auto=webp&s=c0286977bcb7086884c091f88eb4edcac830b3e8) + +Well look at that! It appears there is a build up in repo starting on the 28th, which spikes up on the 29th, same day as the second GME peak and following drop (likely some type of short attack with synthetics or something). Then again on the 24th and 25th of Feb, we see a large increase in price in GME and a much larger increases in repos on the 26th and 27th. Hmm... + +&#x200B; + +[Here's that really gorgeous peak in March 10th. Got me some shares on the way up to that one. Absolute beauts. They look fantastic in my collection of positions.](https://preview.redd.it/4rkmdbcm9z471.png?width=565&format=png&auto=webp&s=8a7741d46ece6dc6dcca89c986b80f487fd2db9c) + +&#x200B; + +&#x200B; + +[Here's the rest of the graph there, it important for the next picture...](https://preview.redd.it/a6gbf37taz471.png?width=453&format=png&auto=webp&s=bc55b1cad5cc82a08f66291cdb80aedcbaf84b13) + +&#x200B; + +&#x200B; + +[Here's the repos for a similar period](https://preview.redd.it/6a0scca5bz471.png?width=1154&format=png&auto=webp&s=98b19d10b2c0ca570db29e969db827f9836ae747) + +So here we have another nice little 11 billion spike around march 10. But what I really love about this graph, is that GME didn't really tank again. It stayed fairly strong. And what do you know? The repo rates are no longer flatlining ever. They just start going up and up. + +&#x200B; + +&#x200B; + +[And here we are from mid May till now. Note the Y-axis values.](https://preview.redd.it/063xhomobz471.png?width=1145&format=png&auto=webp&s=c7d1500b555d9788d5a7173d7a53893f730131ae) + +So the rise in repo rates seems correlated (maybe not causally, but that's why I'm posting) to GME. The first spikes in GME price is where we start seeing small(ish) 11 billion spikes in repos. But then GME doesn't go down. Apes are hodling the fuck out of the stock. At this same time, repo rates start climbing. There's no more flat lines near 0 like we see during the period in February when GME was stagnant in the 40s and 50s. + +What does this all mean? I'm not sure. I know that for the banks, cash on hand is a liability. They don't own it and they pay interest on it. So they prob can't use that to balance their books. So they get the bonds instead, then use that as collateral to balance their books so they don't look like they hundreds of billions in the shit, then give it back for their cash? + +Someone please fill me in on what exactly is happening here. +First of all if the mods require verification for any of this, I am more than happy to provide. Everything is, sadly, true. + +So here's what happened. Three days ago I log on to my HSBC UK ebanking because I wanted to make a wire transfer. It looked like there was some kind of bug since it kept telling me that I needed to log onto HSBC China ebanking to effect the transfer. I called customer service and at first they too thing there's some kind of bug, the guy on the phone even reported it to their technical team. So I asked to perform the transfer on the phone. Only when the guy noticed that he too cannot make a transfer involving my accounts did he start to suspect something was really wrong. He asked me to hold on during a few minutes while he spoke to his supervisor and when he came back we had the following conversation: + +- Him: "We are unable to effect payments on your accounts at this moment in time, as the bank is complying with its UK statutory requirements" + +- Me: "So what's the issue, how can we solve it?" + +- Him: "I don't know anything else than this, we're complying with our UK statutory requirements" + +- Me: "What does that mean, our accounts are blocked?" + +- Him: "Yes" + +- Me: "And you can't tell me what I can do to unblock them?" + +- Him: "Correct" + +- Me: "How long is that likely to take to be resolved?" + +- Him: "I don't have any other information, sorry" + +There I started to panic since we currently rely on our savings to live. We have the equivalent of $60'000 in our HSBC accounts (in several currencies) and our plan, my wife being 7-month pregnant, was to live off that for the next few months while we give birth and for the next few months thereafter. It's not just us two, we also have a 3-year old daughter. In normal times we're entrepreneurs, currently trying to start a new business, but we're just starting out and it'll take many months before that activity can generate meaningful income for us, if it ever does. + +Let me precise at this stage that I am obviously not a terrorist nor a money-launderer or god knows what else. I'm a 34 years old dad with early balding, I've been married for 10 years, I pay my taxes and the latest illegal thing I did was smoke joints in highschool. I'm not exactly the crazy type. My idea of a nice evening is me cooking dinner for my family (which I do every evening) and then reading the dictionary with my daughter (she loves it for some reason) until it's time for her to sleep. + +Anyhow, soon afterwards, I received the following email from HSBC: + +> Dear Mr XXXX +> +> Thank you for your emails about the restriction placed on your accounts. I’m sorry you had to raise concerns and I trust the following will clarify the banks position. +> +> Having had the opportunity to review the situation, I can confirm that we are unable to effect payments on your accounts at this moment in time, as the bank is complying with its UK statutory requirements. +> +> I appreciate that you may not agree with our actions; however, I hope you will understand that these are a necessary part of the management and practices by which we operate our business. As such, we will not enter into any further communication relating to the reason we have taken this action. +> +> We realise that this is a difficult situation and we will try to complete these requirements as quickly as possible. +> +> You have the right to refer your complaint to the Financial Ombudsman Service, free of charge, but you must do so within six months of the date of this letter. The Ombudsman is the independent body that looks into disputes between consumers and financial businesses. It looks at what's happened and gives an independent view on the situation. For a copy of the Financial Ombudsman Service consumer leaflet please refer to "Your complaint and the ombudsman" (www.financial-ombudsman.org.uk/publications/consumer-leaflet.htm) and for further information please refer to the Financial Ombudsman Service site. +> +> If you do not refer your complaint in time, the Ombudsman will not have our permission to consider your complaint and so will only be able to do so in very limited circumstances. For example, if the Ombudsman believes that the delay was as a result of exceptional circumstances. +> +> Yours sincerely + +Obviously my next step was to check up on this Financial Ombudsman Service and file a complaint with them, which I did immediately. After my complaint was completed online, I called them to wonder about their timeline. They told me issues typically get dealt with "within 6 months". Six months! + +I replied to the email above from HSBC to wonder if there was anything else I could do. I told them my wife was 7-month pregnant and that we needed the money to live. Their reply was: + +> Dear Mr XXXX +> +> Thank you for your email. +> +> Unfortunately, I am unable to provide any further information and will not enter any further communication regarding this matter. +> +> As per my previous email, we appreciate this is inconvenient and we will try to complete these requirements as quickly as possible. +> +> Your sincerely + +This is absolutely mind-boggling to me that something like this can be legal. That a bank can just unilaterally, without any form of warning, confiscate all the financial resources of a family and leaving them with nothing to live. And that after doing so they refuse 1) to give a reason, 2) to explain how the issue can be resolved and 3) to explain when it'll be resolved. How is that even possible? Last I checked, in a country were the rule of law applies, you first need to be tried before being found guilty and eventually punished. We're punished in the worst way possible as we're rendered resourceless (when 7-month pregnant!) and we aren't even told why! This is obviously causing us an enormous amount of stress, something we don't need right now... + +We're not sure how we'll cope at this stage: for the last few days we've had to rely on our credit cards for our expenses. But soon the bills will come due and we've no idea how we'll pay them since f* HSBC decided - for some unknown reason - to confiscate our money and block our accounts. + +Also, as I've read, we're not the first ones this happens to. The Guardian has several articles with similar stories like this one entitled "[HSBC has wrecked our lives, say customers frozen out and unable to switch](https://www.theguardian.com/money/2015/oct/03/hsbc-derisking-account-frozen-marie-shaun-langley)" with an eerily similar situation. In many ways our situation is worse though because they only had £512 on the account when we have $60'000 and we're a whole family (with a pregnant woman) left resourceless. + +I'd love some help, what can we do? I feel that if we give the issue some visibility it could maybe give HSBC some sense of urgency to get their act together and give us our money back asap. So if you could maybe: 1) tweet about this (linking to this post and including [@HSBC_UK](https://twitter.com/hsbc_uk) in your tweet, 2) speak about this to any journalist friend you might have or 3) [post on HSBC's Facebook](https://www.facebook.com/HSBCUK/). I feel this can only help. Any other thought welcome of course! + +Thank you! + +TLDR: HSBC decided to freeze all our accounts on which we store all our money (the equivalent of $60'000), rendering us resourceless as a family. They didn't give us any warning, won't tell us why or when the issue will be resolved. The only thing they told us we can do is complain to the "Financial Ombudsman Service" which is a process that takes many months. Please help by raising awareness of our situation (tweet to HSBC, post on their FB, etc.) or comment here with any idea you might have to get this resolved. + +Edit: removed part about my contact who works at HSBC since it somehow was a big deal +I literally have never been able to save up any cash. For some reason, if it is in my account I just kind of use it. I've tried so many times. When I found stocks this changed completely, because now I spend the cash buying stocks and building wealth. Honestly, I get so much enjoyment from this, and it is the first time I've actually build any kind of wealth with my money. + + +Has anyone else noticed this "side" effect? Or is it just me that is a degenerate? :) +In my opinion SC / Govt will not let idea go bankrupt. + +But after today’s hearing I am not so sure + +https://twitter.com/cnbctv18live/status/1240145382979624961?s=21 +With cryptocurrency being a big thing right now, I was wondering if the federal government could start their own. That would give people an option for crypto without devaluing the dollar. + +The "AmeriCoin" could be started at $10, and the federal government could always accept them for a minimum of $10, or for fair market value. This would give it a bottom floor but leave room to grow. + +Would this work? Are there any implications for the market that I'm not seeing? + + +Edit: I tried replying to some of the questions but can't seem to open the comments, so I'll add some here. + +The point of this would be to create a hybrid currency. By anchoring it with the dollar, it would be more stable that traditional crypto. But being crypto, would still grant some anonymity that you used to be able to get with physical bills but can't with electronic payments. It would also make sure the US wouldn't get "left behind" by having some other crypto becoming a more dominant form than the dollar (not a likely scenario, or one that would happen soon, but could potentially happen later on). + +Edit 2: "The dollar is already a crypto." LOLWUT? That's too ridiculous to even respond to. + +Edit 3: Central Bank Digital Currency! I figured there must be some term for this, but couldn't find anything. Thanks u/ApolloCreed +For example, I live in a dense urban area and have two grocery stores in the same parking lot: Target and Ralph's. Food prices between the two vary considerably - Ralph's is usually about 20% more expensive, but sometimes it beats Target. + +Or, for that matter, gas prices. Gas is clearly a commodity and all sellers are offering the same experience and the same product. But the gas stations within a mile of me vary by as much as $0.50, and some of them are just across the street from each other. + +Why aren't the higher-priced gas stations forced out of business? Why don't the lower-priced ones raise prices to $0.01 below their competitor's sign? +We subsidize what we want to increase, like business. Want private players to make industries? Subsidize land and electricity and tax less, industries start flocking. Income increases and poverty decreases. + +We tax what we want to decrease. You as a businessman making so much profit, give more taxes as your income grows. It helps distrubute money towards better things. + +But subsidizing welfare for people makes them dependent on it, causing them to become burden on the government and its people. E.g. California's homeless population. If you have more benefit to live on govt money why would you work. + + +So help me understand this concept. Should govt take care of everyone or should govt provide the methods to get a job for everyone but not provide direct money to people? Like make education and vocational training more accessible and free of cost. Govt makes the environment, let people decide how and where they want to get employment. + + +A noob on economics here, please point out my blind spots. Be civil in discourse. Thank you. +IF the stock market keeps crashing and the economy has serious problems related to the coronavirus, but mortgage rates remain low (or get even lower), how would that impact housing prices in popular cities in America? Might they go down tremendously like they did in 2008? +The Bitcoin Standard is a book written by [Saifedean Ammous](https://capitalism.columbia.edu/files/ccs/person/cv/2017/ammous_cv.pdf) about why Bitcoin is the future. There are a lot of instances throughout the book that makes me sceptical. But I would like to hear other opinions about the relationship between debt & war. + +&#x200B; + +>... Today, historians still fail to offer a convincing strategic or geopolitical explanation for why a conflict between the Austro-Hungarian Empire and Serbian separatists was to trigger a global war that claimed the lives of millions and drastically reshaped most of the world's borders. +> +>In retrospect, the major difference between World War I and the previous limited wars was neither geopolitical nor strategic, but rather, it was monetary. +> +>When governments were on a gold standard, they had direct control of large vaults of gold while their people were dealing with paper receipts of this gold. +> +>**The ease with which a government could issue more paper currency was too tempting in the heat of the conflict, and far easier than demanding taxation from the citizens.** Within a few weeks of the war starting, all major belligerents had suspended gold convertibility, effectively going off the gold standard and putting their population on a fiat standard, wherein the money they used was government-issued paper that was not redeemable for gold. +> +>With the simple suspension of gold redeemability, governments' war efforts were no longer limited to the money that they had in their own treasuries, but extended virtually to the entire wealth of the population. **For as long as the government could print more money and have that money accepted by its citizens and foreigners, it could keep financing the war.** Previously, under a monetary system where gold as money was in the hands of the people, government only had its own treasuries to sustain its war effort, along with any taxation or bond issues to finance the war. This made conflict limited, and lay at the heart of the relatively long periods of peace experienced around the world before the twentieth century. +> +>**Had European nations remained on the gold standard, or had the people of Europe held their own gold in their own hands, forcing government to resort to taxation instead of inflation, history might have been different.** It is likely that World War I would have been settled militarily within a few months of conflict, as one of the allied factions started running out of financing and faced difficulties in extracting wealth from a population that was not willing to part with its wealth to defend their regime's survival. But with the suspension of the gold standard, running out of financing was not enough to end the war; a sovereign had to run out of its people's accumulated wealth expropriated through inflation. +> +>European countries devaluing their current allowed the bloody stalemate to continue for four years, with no resolution or advancement. + +This doesn't make a lot of sense to me because we haven't had a World War over the last 80 years. From my limited understanding of economics, I think it may be because of globalisation and trade. + +So here are the questions I am left with: + +1. Does debt enable war? +2. What are the benefits of being able to print money? +3. What would a world with no debt look like? + +Please do answer anything you can :) +I've heard that economists mostly frown on free college tuition because it: + +1. Mostly benefits the affluent - people that are wealthy enough to afford it anyway. +2. Doesn't provide much benefit to low income students, because the students that might benefit from tuition free college often aren't prepared to complete a four year degree anyway. +3. Does not address the problem at its root, which is earlier in the educational pipeline. The money would be better spent enhancing grade school middle school or high school to prevent issue #2 from ever happening. + +So lately I've been thinking about Maryland. Ben Jealous, a gubernatorial candidate for Maryland, wants to install free college there for state residents (2 year schools are already tuition free). And Maryland has is one of the highest rated public school systems in the US. IIRC they held the #1 spot for several years until recently when they dropped to #6. + +So I'm thinking that its possible that Maryland is kind of an optimal place for enacting this type of legislation. Incomes in Maryland are generally higher than other areas, so the policy might not only favor the affluent. Maryland prepares its students better than nearly anywhere else in the country, so more of them are likely to be capable of completing degrees and actually take advantage of the free tuition. + +So, in this type of scenario, what do the experts here think of a free tuition program? +How would measures of inflation vary if the basket of goods were adjusted for various income levels? + +The measure of inflation would probably be higher, and therefore real wages lower, if the basket of goods were more representative of what lower income people spend their money on, since, for example, a higher portion of it would be housing, which has gone way up in price, right? +I have some cardano which already reached ath and I am not sure how much it will continue to rise. + +Which is another good option to invest now and hold for long?? Long as in 5-10 years. I have around 1300 dollars to invest. +I’m a bit wary of putting cash into the market right now, so paying off the mortgage on my primary seems like the best idea. + +I was also thinking about only paying off 75% of it as I have a very low interest rate (3%) and investing the rest when the market bottoms out. Thoughts? + +Edit: thanks for all the comments y’all. This forum seems to be very evenly split across 3 options: + +1. Pay whole mortgage off +2. Pay some mortgage off (including option to recast), invest some (50/50) +3. Invest all (DCA/conservative investments) + +I went ahead and used 66% of the gain to pay down my mortgage and will invest 34% more in I-bonds, DCA, and another investment arm I have access to. This was close to my original plan and was somewhat validated by this forum. + +The house I am in right now as my primary is not my forever home, but my forever home will undoubtedly cost more so I’m comfortable putting a large sum of money towards the mortgage since that housing expense will be larger in the future when I eventually trade up anyway. Better to have more of a principal paid off for when I trade up in the future as well since interest rates on a future home will be sky high. (I live in the highest COL area in the world btw.) + +Another note I will make is that I didn’t have to pay cap gains on the gains from the sale of the income property because it was my primary for the first 2 of the last 5 years before I rented it out. +As a student on a budget, I'm really glad I found this community and made my first investment on ETH a while ago, its just a shame that by the time I'll have a full time job ETH will already have found its new home on Andromeda. To all my fellow students in the same situation as me, I feel your pain. To everyone else congrats! +On Friday, I forgot to close my‍ NEGG 30-35 call credit spread. I quiet $1000 credit for it, NEGG closed at 30.50, so I could have closed it for net $500 profit, but I simply forgot to do it. Needless to say, for several days now I've been having anxiety cranked to the max, unable to think about anything other than how ruined I will be if I get assigned and NEGG opens significantly higher on Monday. Over the weekend, I found out I had indeed been assigned a thousand shares short, which could easily wipe me out if there were any significant gains over the weekend. I placed a premarket order to buy back 1000 shares at 31 and it has now filled at 30.97, so I'm now clear. I cannot begin to describe how relieved I am. This could very easily have ruined my life. I never ever want to ever go through this ever again. Buy to close your spreads, no matter how far out of the money they are the day before expiry. Pin risk can and will get you eventually if you get complacent or just plain forgetful. +I've been lurking r/thetagang since October of 2020 and it seems the majority of us are trading a sub 100k account. + +I'd like to hear how people would trade or are trading account with an account value of a million or more. + +What strategies would or are you using? what underlying's would/are you trading?, how many dte? etc + +Thanks bros +**PsychoMarket Recap - Thursday, November 19, 2020** + +The S&P 500 (SPY) and the Dow Jones (DIA) finished modestly red for the third straight day with market participants closely monitoring rising coronavirus cases in the US and the reimposition of virus restrictions across many states. Despite the positive vaccine news coming out, it will still take some time to establish a global vaccine distribution network. + +Unfortunately, yesterday the United States passed the grim milestone of 250,000 deaths from coronavirus. The death toll surpasses the White House’s worst-case prediction from the Spring ([https://www.usatoday.com/story/news/politics/2020/03/31/trump-coronavirus-pandemic-could-kill-many-240-000-americans/5100446002/](https://www.usatoday.com/story/news/politics/2020/03/31/trump-coronavirus-pandemic-could-kill-many-240-000-americans/5100446002/)) and is predicted to keep rising with the surge of infections and hospitalizations in the last two weeks. According to Johns Hopkins University, the US is averaging a record 161,165 new infections a day in the last seven days. That’s up 27% compared to last week and by far the most since the pandemic began. Data is trending in the wrong directions, with 44 out of 50 states reporting a 10% increase in new cases compared to last week. + +In response to the surge in cases, governors from both sides of the aisle have announced a variety of new restrictions. California’s governor Gavin Newsom announced that the state is “pulling the emergency brake” on reopening and reinstated broad restrictions throughout the state. In Iowa, Republican Governor Kim Reynolds, who once dismissed coronavirus restrictions as "feel-good" measures, has abruptly reversed course, issuing the state's first mask mandate and limiting indoor gatherings. Illinois\*\*,\*\* Michigan, and New Jersey announced additional restrictions that limit gatherings to household members. Indoor event spaces are also being ordered to shut-down or move outdoors. In Massachusetts, the governor announced a stay-at-home advisory. Mississippi, Montana, North Dakota are under state-wide mask mandate. These are just some examples, there are many more. + +The Labor Department released its weekly jobs report. Another 742,000 Americans filed for first-time unemployment benefits last week, an unexpected rise compared to the 711,000 reported last week as coronavirus cases continue to surge. + +* 742,000 new claims vs 700,000 estimate +* Continuing claims, which is the number of people filing for unemployment benefits who have already filed an initial claim, was 6.4 million, equal to the estimate. + +Despite the positive vaccine data from Pfizer (PFE) and Moderna (MRNA), setting up an efficient, global vaccine distribution network will likely take months, even after the vaccines are approved. In the short-term, we expect the worsening pandemic and uncertainty surrounding additional fiscal stimulus will likely drive volatility in the short-term. + +**Highlights** + +* Another vaccine candidate frontrunner from Oxford University in partnership with AstraZeneca $AZN is expected to release data before Christmas. +* BREXIT negotiations have been suspended because of COVID 19 +* Xperi $XPER target raise by Royal Bank of Canada from $21 to $25, stock currently around $18.50 +* Uber $UBER with two target raises. Stock around $50. + * Wedbush from $49 to $60 OUTPERFORM + * BTIG Research from $55 to $65 BUY +* $TJX with too many notable raises to list, but the average price target is $72.50 and OUTPERFORM rating. Stock around $61 so very notable +* Target $TGT with target raise by Raymong James from $180 to $200 at STRONG-BUY. Stock currently around $172 +* Square $SQ with very bullish target raise from Mizuho from $225 to $300 at OUTPERFORM. Stock currently around $192 +* Sonos $SONO with two target raises after blowing out earnings and rising double digits. Stock currently around $21.50. + * Morgan Stanley $MS at $30 OUTPERFORM + * Royal Bank Canada at $24 OUTPERFORM +* Nvidia $NVDA with too many target increases to list here, but average price target around $625 with BUY rating. Stock currently around $537 after announcing earnings. +* Insperity $NSP target raise by Truist from $95 to $105 at BUY. Stock currently around $89. +* $NIO with $50 price target set by Deutsche Bank $DB with BUY rating. Stock currently $48 +* L Brands $LB get target raise from Wells Fargo $WFC from $45 to $60 at OVERWEIGHT. Stock gapped up after positive earnings, currently around $39 +* Keysight $KEYS with two bullish target raises. Stock currently around $118 + * Barclays from $128 to $135 OVERWEIGHT + * Robert W. Baird from $112 to $126 OUTPERFORM +* $JD target raised by Barclays from $89 to $100 OVERWEIGHT. Stock currently around $86. +* Jack in the Box $JACK target raised by Wells Fargo $WFC from $100 to $110 at OVERWEIGHT. Stock currently around $91 +* Heska $HSKA target raised by Raymond James from $140 to $145 at OUTPERFORM. Stock currently around $124 +* Abbot $ABT target raised by Morgan Stanley $MS from $117 to $121 at OVERWEIGHT. Stock currently around $111 + +"Life is like riding a bicycle, in order to keep your balance you must keep moving." -Albert Einstein +aka is it worth holding out on purchasing anything for the time being? + +Also how brutal do you expect the recession to be? + +(I realise the irony that this sort of fear mongering and speculation is self fulfilling too) +Looks like good news for ATZ; US exposure to the brand will be nice. + +https://investors.aritzia.com/investor-news/press-release-details/2020/Aritzia-to-Launch-The-Super-Puff-Pop-Ups-at-Iconic-Locations-in-New-York-and-Los-Angeles/default.aspx + +Keep in minds that earnings are coming out today after close. +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). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Bad timing for up votes, good timing to get the feel of the most enthusiastic. + +How much are you working with? +I have less than 100ETH and am still following this run like my retirement depends on it. + +Just wondering, if it's not too bold to ask, what the stake of the average member here is? +Its not a lot of money and by no means do I need it, but it's a small portion of my emergency fund. Is it wise to give it to my parents as I don't want my mum to take out a loan? And no, she won't be using it on Christmas. +I’ve been pursuing a CS degree with hopes of finding a position where I can develop financial algos full time. As I’ve been learning I’ve realized that my school isn’t, and won’t teach me the things I need to learn. Will a degree in computer science give me a significant advantage in this industry? Or would it be better to simply learn on my own and apply for jobs with results in hand? + +As I’ve learned more about algotrading I’ve fallen in love with it. I could do this all day for the rest of my life and die happy. When I’m not working on school I study ML, finance, coding, and do my own research for entertainment. My school doesn’t begin to cover any of these topics until late into their masters program and beyond, but by the time I get there these methods will be outdated. Feels like I’m wasting my days learning things I will never use, and none of my professors can answer my questions. + +Thanks for any and all advice. + +Edit: + +Thanks again for all the comments. This is a new account but I’ve been a Redditor for 6-7 years now and this sub has always been my safe place to nerd out. Now that I’m seriously considering what direction to take my life and need advice, the opinions you’ve shared thus far have been more helpful than I can put into words. I appreciate the sincerity and advice of everyone in this sub and look forward to the things I will be able to share as I continue to learn. +I’ve been pursuing a CS degree with hopes of finding a position where I can develop financial algos full time. As I’ve been learning I’ve realized that my school isn’t, and won’t teach me the things I need to learn. Will a degree in computer science give me a significant advantage in this industry? Or would it be better to simply learn on my own and apply for jobs with results in hand? + +As I’ve learned more about algotrading I’ve fallen in love with it. I could do this all day for the rest of my life and die happy. When I’m not working on school I study ML, finance, coding, and do my own research for entertainment. My school doesn’t begin to cover any of these topics until late into their masters program and beyond, but by the time I get there these methods will be outdated. Feels like I’m wasting my days learning things I will never use, and none of my professors can answer my questions. + +Thanks for any and all advice. + +Edit: + +Thanks again for all the comments. This is a new account but I’ve been a Redditor for 6-7 years now and this sub has always been my safe place to nerd out. Now that I’m seriously considering what direction to take my life and need advice, the opinions you’ve shared thus far have been more helpful than I can put into words. I appreciate the sincerity and advice of everyone in this sub and look forward to the things I will be able to share as I continue to learn. +...Fed: Your rate hikes would have to be VERY high to stop big corporations from increasing their prices more than their costs — enough to plunge the economy into a deep recession. + +Forget it. + +We need a windfall profits tax coupled with tough antitrust enforcement. + +-- Robert Reich +From my last post I discovered how knowledgeable we all are. There were some fantastic tips. So in these trying times of shutdowns we need to share more. Post up tips and advice and recipes. And ask for advice. Your local shops are out of something but you have this in your pantry then maybe someone can tell you how to turn x into Y! +I have accumulated around $60k of credit card debt over 4 cards from balance transfers and cash advances. I am seriously considering applying for bankruptcy as the interest charged each month is almost the same as my monthly repayments and It is almost impossible for me to reduce the balance. I have gambled quite a bit in the past 4 years, does this effect my ability to apply apply for bankruptcy under BANKRUPTCY ACT 1966 - SECT 271? + +EDIT: +I’m 24 years old at the moment and the way I see it, I rather cop the restrictions of bankruptcy, no loans, no travel ect for 3 years and have the 60k debt cleared compared to maybe paying if not only 5k of the debt off over 3 years +I haven’t heard this term before, but just saw it in [this article](https://www.fool.com/the-ascent/personal-finance/articles/the-new-fire-financial-independence-recreational-employment/) + +I guess it’s pretty much Barista FIRE, but it’s catchy! Lately I’ve been leaning more toward something like this - work in my software engineer job until I have a solid amount of moolah invested, then do something I feel like I’d really enjoy like working in a music store or opening a dog park bar. I could transition before I actually hit my FIRE number and let my investments grow until I’m there, then retire if I want. (CoastFI?) + +Of course, employment in general maybe isn’t so “recreational” no matter what it is. I’ve seen many of you do something like this and realize it’s not fun to have a boss and a schedule again so 🤷‍♂️ + +Anyway, just thought I’d throw another term into the pile of FIRE variations. Happy Friday! +You think you'll hodl, you say you'll hodl, but you won't. + +Here's the thing, I don't know shit, and you don't know shit. So, now that we are both level headed, you and I both agree we are shitbrains that don't know what will happen in the market, let's talk about psychology. + +When BTC 2x, 3x or 5x, your little peepee will get tingly. The memes will be flowing, you'll be big dick swinging in your 1 bedroom basement apartment in the "up and coming" side of town as you check your crypto portfolio multiple times in the middle of the night while people you used to hang out with are out having a good time playing fortnite or whatever the fuck kids are playing these days. + +Despite the fact you've already said that you're "in this for the long haul," you're still checking your portfolio like an instagramer stalks people on their timeline. + +Why the fuck are you checking prices every 15 minutes still if you're a long term hodler? + +The passed10k.gif will come back out of retirement eventually, and you'll be picking colors for your lambo all from your $100 investment into bitshitnect coin. + +Then, it will happen. Nobody knows when, but all it takes is a sudden gush of short term traders to sell and wreck your hard hodl'd gains. + +You will rush to your favorite shitposting site and blast to the world, "I was just up 3x, now BTC is down 50% in the last week! What's going on? It's that damn whale again, isn't it!?" + +A few people will tell you to keep hodling, "This is just the beginning," they say. But you're smarter than that. You just held through a 3x gain, then lost 50% of those gains. You'll soon get your confirmation bias from a couple dipshit redditors, "Derp, 3x gains ain't nothing to sneeze at. Herp, you should have sold then rebought during this correction and you'd have doubled your stack, hurrrr." + +You'll think, "Wow, your hindsight is absolutely right. Next time it happens, I'll be prepared and I will predict the market with 100% accuracy. I'll say I'm a long term hodler, but I'll keep checking the prices 20 times a day hoping to perfectly time the top and bottom. I'm a very stable genius." + +Then, BTC will have a small bounce up of 15% the next week. You'll find someone that you agree with on Trading View that tells everyone, "It's going to go retest the shit support at shit level fibonichi 0.69. The pullout method is upon us, there is a 420% chance I'm right, and .007 chance I'm wrong. I'm not your financial adviser, I'm just a guy shilling my ideas hoping I get enough support to influence the market. No collusion!" + +You'll sell, the market will bounce back up another 20%, you'll fomo, the market will tank another 50%. You'll sell at another loss, it will drop another 10% and you'll run to reddit, "I knew it was going to drop, so I sold! I just made 10% more by selling"...but you didn't actually buy yet because you think it's going to drop a little bit further. + +You won't tell people you also just got wrecked your previous 4 times doing this and you're down more than 70% during a bull run because you kept trying to time the market. + +Of those that are reading this now, my guess is, **at best**, only 1 out of every 100 people will actually DCA or just hodl through the next bull run. + +There are going to be multiple, and I'm talking many month long shakeouts along the way to wherever BTC is going. + +I don't think 99% of people have the patience and the will to hodl through the gains and the massive selloffs. + +You're here now, you've been through a bear market. But, seeing gains is a much different beast. I suspect that once you deal with the 3rd or 4th major shakeout after 3x, 5x, 6x gains, I'm talking truly massive 50-75% selloffs in a few days, that you won't be able to stomach it for long. + +Some have $10,000-$50,000 invested down here. Imagine in a year that you have 2x, 3x, or 5x that. Then, you lose 70% of your gains in a week. + +This is a real possibility, multiple times. Whether you have $100, $1000, or $50,000 invested down here during the bear market, you need to prepare for that feeling of getting absolutely wrecked in a week. + +Some among us are going to have their $20,000 turn into $80,000 or $100,000, then drop to $30,000 or $25,000 in the next 12-18 months. + +Imagine this happening multiple times, this 3-6x then losing 70% of those gains, multiple times in a relatively short period of time. Imagine months long consolidation after a sell off, then another shakeout after you were just wishing you would have sold. + +It's nice to look at a chart in hindsight and say, "Zoom out," but going through it is a lot more difficult than just looking at the past history from a chart. + +You'll be able to hodl through 1 or 2 selloffs, but at some point you're going to be having a stressful week or a stressful month in the next few years. it's going to coincide with a massive selloff and you're going to be sitting there thinking, "shit, I would have been better off just selling last time. This shit is too stressful." + +For the record, there is nothing wrong with selling at a 2x, 3x, or 5x or whatever you choose, but I remain extremely skeptical that people will actually hodl all the way to the top or near the top of the next bull market, let alone being able to predict when and where that is. Even fewer among us will DCA all the way through and sell at whatever the next top will be. + +This is a cruel game, and you won't make it unscathed. Most will fail because of a lack of planning. + +Prove me wrong, fellow hodlers and DCAers. + +Prove me fucking wrong. + +**TL;DR**: Comment based on the title, otherwise read the shit. + +*Edit : For the record, I don't know shit, but I do think the top of the next bull market will be $180,000 to $225,000. I have no idea what happens in between now and then. You don't either. And, again, I don't know that it will actually get there, but my spidey senses tell me that. I'd expect it to be around August 2021 and January 2022 though. In a few years. I'll only have about 50% of my stack by that point because I have certain intervals I'm selling because I know I could be wrong; again, I don't know shit so I'm going to sell as I reach certain targets. I'll be DCAing most of the way through, and I'll see you all in crypto hell regardless, you filthy casuals.* +I've been thinking about this lately. + +Crypto was supposed to be decentralized so it would not have a single entity controlling it. We would not be bond to the whims of a single centralized government or private entity. + +And as of late i've seen crypto being controlled by the fed. They say they will print more crypto pumps, they say they will print less crypto dumps. This is the same as the stock market and it's a shame because it defeats the sole porpuse of decentralization. + +If you think the fed will ever fight inflation think again + +&#x200B; + +https://preview.redd.it/ypt6qrxr98b81.png?width=770&format=png&auto=webp&s=d53e7d664544a3fa7e501f82d9926a4902962655 + +1921- "In the 19th century, deflationary periods were the result of an increase in production, rather than a decrease in demand. During the Great Depression, deflation was the result of **a collapsing financial sector and bank failures**. " + +Demand is higher and production is slower, there's news everywhere of cars unable to be sold because they lack chips. + +This pandemic hit most supply chains everywhere, and that's until it's normalized there will be more demand for some products than actual production. + +Maybe in a couple of years while normalizing the supply chain we will actually produce more than demand requires and it will be 1921 all over again.... + +&#x200B; + +1930 - "During the Great Depression, deflation was the **result of a collapsing financial sector and bank failures**. The deflation that took place at the outset of the Great Depression was the most dramatic that the U.S. has ever experienced. Prices dropped an average of ten percent every year between the years of 1930 and 1933. " + +Prices drop 10% a year is something that won't stimulate the economy, ask yourself why would you buy a car worth 10k when next year it will be 9k or a house. People would spend much less because saving was making them money. + +This is something the economy can't afford right now, many companies are barely surviving and the least they need is people to be willing to spend less money because they don't want to spend their savings which are increasing in value. + +Crypto should be an edge against inflation which is rampant and most likely never tackled with, printing is done there's no way they will reverse course. + +No matter what the fed says I doubt they will actually go for deflationary policy. They might print less. + +Look at Obama's term he started with 2008 crash the housing crash!!! + +8 years of Obama's term with good economy and yet the fed didn't increase rates. Only when Trump became president did they started increasing. + +So if we take into account the same we still have 6 years left of Joe Biden with covid crisis, if he lives that long., with no rate hike. + +&#x200B; + +Resume: Crypto will always be an edge against inflation which will never be tackled, No matter what the fed says crypto should do it's own thing. + +I fear more rampant inflation and the hit on my savings than a crypto crash, because crypto proved to me it can recover, and my savings are still worth less and less. +UTI Nifty 50 index fund gives a paltry dividend that too after many years. This is crazy given that other equity mutual funds have much higher dividends. Why is this so? +I read this post which what linked from /r/economics + +http://www.latimes.com/opinion/op-ed/la-oe-caplan-education-credentials-20180211-story.html + +If education is a waste, that means that University graduates and their employers are paying a premium. + +So, what can students/employer do as individuals to take advantage of this situation and not pay the premium of University? +Listening to Turkish social media, you get the sense that every single thing going wrong with Turkey can be blamed on refugees. And the simple solution is to kick them all out. + +&#x200B; + +Has there been any economic studies that actually looked at the economic impacts of refugees? +I was browsing a thread in r/CapitalismVSocialism where I found a commenter claiming this: + +\>Your assumption you make from the graph is wrong. That data comes from Angus Maddison's data on world GDP. According to him, GDP per capita in CCCP was 27&#37; of USA in 1928 and 35&#37; of USA in 1989. If the ratio between CCCP and USA increases, this means that CCCP had higher growth than USA. However, his statistics should be taken with a grain of salt. Angus Maddison uses the Gerry Khamis method to estimate CCCP GDP p/c. The applied Geary\-Khamis method may suffer from Gerschenkron effect, i.e. may produced biased estimates for those countries whose expenditure and price structure differ substantially from the international average, which tends to be dominated by high\-income countries, since the weighting scheme reflects country shares in total expenditure. This means that Maddison is understating growth in the USSR by a wide margin. + +Is this true? Did the USSR not only grow faster the USA but that growth is only underestimated? +People always say that protectionist measures such as tariffs do not work because the other countries simply slap tariffs on your goods too. Is this accurate in the real world, or can tariffs work for good? +There is quite a few spikes to 1 dollar = 100 rubles and it sometimes manages to hold and sometimes dives? Are those spikes the Russian government buying rubble to keep it afloat? +Hi fatFIRE. I'm hoping to get some perspectives from the business owner / entrepreneur crew here on when to exit and when to carry on. I know there's not any hard and fast rules around this - which is what makes it so hard. + +I'm a business owner. I'm not very liquid, but have pretty good income. Company is growing, current EBIT is around $1.2m and increasing each year. I've been doing it for a while (11 years) to get to this point. EBIT was mid-six figures the previous few years. We're bootstrapped, so most cash is reinvested. + +General net worth snapshot of the major items: + +* PPOR: $800k (no mortgage) +* Investment Property Equity: $100k ($300k val/$200k mortgage) +* Equities: $120k +* Retirement accounts: $600k + +My business is in an in-demand industry, which is why it's growing so fast. Most recent M&A transactions for similar businesses are around ~6x EBIT, which would put a value on the business of around $7m. A corporate finance assessment we had done valued it between $6-$10m. So a huge chunk of my net worth is tied up in the business. It's generated more profit each year, yes, but I also have a fear that something could go wrong majorly. + +I daydream with my wife about cashing out, moving close to the beach and living off the returns from investing the proceeds of sale. It sounds like a fantasy life, and it's within reach for us. Surfing, walking the dogs, spending more time with the kids. No stress. + +However, I do enjoy what I do. It's exciting running a business, but also extremely hard work at times. It takes me away from family - not too much mind you, but it still does. And I'm worried I'd be a fool for giving up an asset that, while lots of work, is growing in value and generating good cash. I may not be able to replicate this success if I get bored at the beach and try to do it again. Social status is also a real thing. I think I'd lose a lot of that if I didn't run the business. + +I'm curious to hear - what choice did you make? Are you still running your company? At what stage did you exit, or are you hanging on until? +I currently have a degree in Computer science and have always had a great interest in algorithmic trading. + +I want to learn more about the pre requisites of algorithmic trading but I'm not sure what to study. + +I know mathematics and finance are important, can someone give me a breakdown on what I should study specifically? Or perhaps guide me in the right direction on what topics I should know at a minimum? + +Thanks! +Alright aus finance - been renting for 5 years at $300 per week, sick of renting and want to purchase my own place - no deposit and no debts, however parents can go guarantor. Id be looking at being able to afford $450k but also renting out a room to a friend. Im on 80k per year. Is this a massive mistake or should i bite the bullet and do it.? Thank you in advance +For tonight's DD, I want to talk about October 13, 2021 and the days surrounding it, as well as what happened since. On or around this day was the day that broke the meme basket and sent 2022 into a heavy downwards spiral for most of the meme stocks, but surprisingly enough, not GME + +&#x200B; + +https://preview.redd.it/ajmbxb5b5hs91.png?width=1009&format=png&auto=webp&s=983ea5a62f85a1221600c20870c3f02553318961 + +Pretty normal enough, right? This doesn't have any significance whatsoever... right? + +Wrong. + +&#x200B; + +Up until 10/13/2021, if you asked me at 9:31est each morning what direction and magnitude GME would move for the day, I would be able to accurately tell you 90% of the time. + +&#x200B; + +I am not a visionary and do not have access to any of the information you don't have, but there is a silly thing in the stock market that appears to be in these types of 'swap baskets' that I will call an anchor. This anchor is a stock with very low liquidity, which can be easily manipulated in Pre-market and throughout the day to give tells on what the other similar stocks will do for that given day. + +&#x200B; + +Let me show you an example of our anchor... + +&#x200B; + +https://preview.redd.it/8fh3ggxj6hs91.png?width=1239&format=png&auto=webp&s=d137342ae344c86fa59d98861a58e4a64a46e182 + +This stock is extremely illiquid and has been a part of the 'meme' basket since the beginning, even though there is almost 0 trading on it. Up until the Jan 2021 sneeze, I would have been able to estimate the closing price each in the morning relatively confidently. The overall correlation in price between these two stocks from 2015 through Jan 2021 was .947. This is incredibly high correlation and has been going on for years. Know what the correlation factor is from the sneeze through today??? .947. + +&#x200B; + +This doesn't let me know the closing price at 9:31am though... + +&#x200B; + +The method on how I could do this is by looking at the difference between open and close from the previous day. If the stock opens at a higher price than it closed the previous day, the closing price would be less than the opening price. If the opening price is lower than the previous close, the price would close higher than open. This also kept a similar magnitude of movement. If the price was something like +10% at open, you would know that it would be a blood red day for the meme basket. + +&#x200B; + +Let me show you an example of the day vs night trends for this stock. + +&#x200B; + +https://preview.redd.it/w2x0910v7hs91.png?width=1284&format=png&auto=webp&s=4737708c65ca9729b5fb8969241e8ee9ba54c0f9 + +As you can see, the nighttime and daytime movements for this stock very closely mirror each other. The two prices have a correlation of -.7 (strong negative correlation) + +&#x200B; + +Here is the day/night trends since the sneeze: + +&#x200B; + +https://preview.redd.it/u5h84yejahs91.png?width=1285&format=png&auto=webp&s=2721a2edee118d45bf5f109236a0de299bbec915 + +As you can see, the jan 2021 sneeze broke the trend for this stock + +&#x200B; + +Next chart: + +https://preview.redd.it/u2qrq5elbhs91.png?width=1291&format=png&auto=webp&s=8e78880b965ce4eafdadc441edc67f18239e7f67 + +Here is the price of this stock vs the towel stock. As you can see, something weird happens around that timeframe. There is an insane volume spike of roughly 3x the entire 4.2 million share float, and towel stock makes a very strange dip straddling that insane volume spike. + +&#x200B; + +Let's see what happens to the other meme stock in the basket? + +&#x200B; + +https://preview.redd.it/9h1nqra1chs91.png?width=1341&format=png&auto=webp&s=dbc44520815ad89e1acce58604551c617ec712d6 + +Last night, I did the math on what a dilution trendline would look for this stock if the dilution was done in the form of naked shorts. You can check my post history to look at that if you want... but I basically said that in Jan 2021, the 400 million share offering completely closed all naked shorts in the system, then the stock was steadily diluted at a rate of 7.5% until october/november of last year. After that point, BAM! 30%-50% of every single share traded is a naked short to the tune of 5 billion naked shorts in less than a year. This inversion happens exactly when the headphone and towel stock make their extremely weird spike and valley. + +&#x200B; + +Now what happened to GME? + +https://preview.redd.it/b9fe6aiedhs91.png?width=1099&format=png&auto=webp&s=510f9f4cf262eec8197b6a50b80607ec5d193f0a + +The wedge broke. + +We have since been looking at "critical margin lines" and other technical data, but it looks like the towel and headphone stock incident broke whatever trends that were going on and caused the entire basket to start falling within days. I believe the reason GME is falling less is because DRS is propping the hell out of the price, while all dark pool shares are being diluted to a tune of 30%-50% total volume just like the other stocks. + +&#x200B; + +My question to the sub is: wtf happened here?? Do we have some fundamental event that would cause this? + +I do have one more interesting point to leave off with: + +&#x200B; + +https://preview.redd.it/7f75be5aehs91.png?width=1279&format=png&auto=webp&s=efbf7d6c0f39a7ea144e750e208ebf51a8b1a71e + +&#x200B; + +Starting somewhere in Late May 2022, headphones stock RESTORED the inverted night/day relationship! I have recently been tracking the relationship and it seems to be fully restored. Better yet, the two stocks still track each other to a correlation of >.90! + +&#x200B; + +The price spike in June only happened with GME and that was the same date that the inversion link with headphones was restored. + +&#x200B; + +https://preview.redd.it/vmw11kn9ghs91.png?width=1201&format=png&auto=webp&s=45226d980c81fdbbe6ec4cfa306578fd1974e554 + +I tracked the price this week on towel stock and it went 5 for 5 on guessing the closing price of itself and GME. Obviously the sample size was not large enough to be significant, but it is definitely something I will continue to track. + +&#x200B; + +As always, please tear apart my theory and let me know your thoughts. + +&#x200B; + +TL;DRS - Headphone stock appears to be an anchor for GME and can potentially be used to predict future price movements. + +Edit: I really want to know what the overnight futures contracts look like among all the basket stocks. When futures for one stock go wild, the entire basket responds as well. If this stock is linked to the collective futures contracts, it is likely a leading indicator. + +Edit 2: I do not believe this stock controls gme. Since it has no options, we can get a window into the overnight futures movements since it shares the same basket with gme. + +Edit 3: Eratic_Knight247 solved this RC tweet +https://imgur.com/a/MKEfFgd +Peter Lynch, in his books, recommends calling a company's investor relations department to ask questions and learn something new if possible. Many public companies have an investor relations segment on their website. I was wondering anyone still calls the companies anymore? I could imagine you may be able to glean some interesting info from a real human call instead of what is just on the website. +The article down below looks at why holding cash is bad, with an interview piece that features Warren Buffett. . The disadvantages of cash, inflation is obvious to most investors. This does not mean you should always invest all your cash. + +[https://www.financialstockdata.com/hold\_cash](https://www.financialstockdata.com/hold_cash) + +Edit: This article does not say holding cash is bad for short periods of time. As the article states deals need to be there. I see a lot of discussion which is great. I think I should have be more clear from the beginning. It is more the title of the article. +I often check what the other value investing Gurus are doing to help aid in the search for stocks to dig deeper into. I saw Michael Burry holds a large amount of his portfolio in GEO group. + +&#x200B; + +It is a private prison company and the growth prospects in the future can be debated, but the valuation metrics are insane. + +* The PE & EV/EBITDA are great +* The Sale the Price is Great +* The margins are all great or good +* The debt to EBITDA is great +* The revenue and earnings growth are not good (Flat) +* Shares outstanding kind of decreasing. + +But the cash flow from operations and to equity is insane. They have a 1B market cap, but produce \~300M in free cash flow per year for the past 5 years. + +I do not even need to do a discounted cash flow to show that is way under the margin of safety. + +Am I missing something important? +Maybe not value investing related per se, but I figured this would still be a good question to ask on this sub. + +Something I've been thinking about is whether the majority of 'investors' - or people in general - were right on an investment. I can't think of an example myself; if anything, when the masses are bullish on an investment it eventually will fail. + +Have been thinking about this considering say Bitcoin and Tesla. For the latter I know that the valuation is very much so out of line with the actual fundamentals. Someone is trying to convince me on Bitcoin but that's when I thought about this. + +So, is it very unlikely that the masses will be right about an investment? What's your opinion on this? +Foot Locker appears to be one of those stocks which are relatively easy to understand and beaten down due to fears of online ecommerce and over reliance on Nike. However, revenue appears to be growing slowly with buying back of shares consistently. Outlets with poor sales also seem to be closing with the number of outlets dropping over the years which has not affected their revenue. + +And finally i would love if you guys could share with me whats the general consensus about foot locker in the states? +I am 50 and I recently received $350,000 but I plan on buying a house if there is a good opportunity in the next 1-2 years. I may need some of that money available - what should I put that money for the time being? Is that amount of money worth using a financial advisor? +I see so many newbie posts. No offense to the noobs, but may we have some solid advice from some TG vets please? What's you're DTE, Delta, what do you look for in a Stock prior to opening CSP, target allocation % size etc. Tons of us on here would benefit from advice from successful traders, we all just wanna make it. +Been living in my car for 4 months. Barely scraping thru DoorDash. Car shit the bed on me a few days ago. I'm basically fucked! + +So out of pure spite I applied to Job Corps to become an auto repair technician. Free room and board, food, a place to shower and work out. Free education. Free stipend. Free everything. They're even paying for me to fly to Vermont because that's where I wanted to go. + +Between 16 and 24 and want a free trade? Don't mind compulsive sobriety and rules that will make you feel like you're lowkey in juvie? I recommend Job Corps. They have locations in every state, each offering different trades such as welding, HVAC, culinary arts, and much more. Check out their website. +I see so many of us Apes who feel the same way. I lost one of my childhood best friends at the start of the pandemic to debt and loneliness, he took his life out of fear, and I've watched many of my other friend's families struggling as they too have been constantly embattled to stay afloat. + +At the start of all of this, many people spoke about how GME was bigger than a payday - it was the first time they felt a sense of promise and hope. I relate to this mindset most of all. Most of us have had our humanity squeezed down to a profit for the majority of our lives, our personhood distilled into misery, and it'd be nice for once to feel an ounce of control and safety that we could share. + +I plan to hold as long as it takes knowing that there are millions of other Apes like me, with millions of more people those fellow Apes wish to help. This may be a rocket ultimately fueled on tendies, but I guarantee we could chart the stars with all this fucking Ape love. + +Genuinely, thank you to everyone. For the education, for the inspiration, and for the support. + +&#x200B; + +\*EDIT: Wow, I wasn't expecting this but thanks so much for all the kind words. Love you, Apes. You're all the best.\* +Sense check please. Friend is being asked to pay a lawyer in cash with suggestion they come to collect from the house, otherwise if it goes through the office it needs to have VAT added. + +Have all the messages saved. Am I mad or this well over the threshold of criminality. Not sure how to resolve - have suggested friend could be breaking the law making the payment. + +Edit: thanks all for the comments. Really helpful. For those asked about the service and cost it’s £500 and it’s to provide advice on a complex conveyancing matter (solicitor not barrister and seems fully qualified) so there is evidence the service was delivered. The texts are all clear and conclude with “okay well it means I’ll have to add VAT and you’ll have to deal directly with the office now. I had thought it better to pick up the cash directly from you. Take care.” + +Edit 2: friend declined cash offer. Has received a £375+ VAT bill for a very short report on a planning matter. Thanks to all who contributed. +Over the past 10 years CPI has risen nearly 20% ([https://tradingeconomics.com/australia/consumer-price-index-cpi](https://tradingeconomics.com/australia/consumer-price-index-cpi)) + +For those who have been in the same job for any number of years - doesn't have to be the full 10, we'll get the idea anyway, (or equivalent sideward moves), how has your salary kept pace? Has your work place at least offered CPI increases? (so that you're not getting a pay cut in essence). +From your own experience, how realistic is it for a retail investor with above-average intelligence who's emotionally stable enough not to make rash decisions and an eagerness to keep learning about the stock market to make at least 10% profits from their investments consistently on a yearly basis? + +I'm wondering because I keep reading that it's highly unlikely to outperform the market (as far as I'm not mistaken, a yearly ROI of 10% would signify an outperformance of the market, ), at least on a consistent basis. Though the more I think about it and the more time passes since I've started investing (admittedly, I've started only a short time ago, but I feel like I already know a lot more compared to when I started out), the more I think it's very well possible and not that unrealistic at all to consistently achieve yearly returns of 10%. If you're knowledgeable about the company you're intending on buying stocks from respectively if you've done your homework, before buying a company's shares (e.g. studying balance sheets, making sure you understand the business model, the industry, competitors, long-term demand in the future of the goods a company produces etc.), you should be able to significantly improve your odds of picking "winners" and avoiding "losers"? + +For example, the DAX index (Germany) composes of the thirty biggest German companies based on market cap listed on the German stock exchange. Let's assume half of them have a yearly growth rate of 0-7,5% while the other half has a yearly growth rate of 7,5-15%. Let's call the first half "losers" (they're not really losers since they're still profitable, yet still less profitable than the other half I'm comparing them to) and the second half "winners". If you invested into a DAX index fund, you'd be basically buying stocks from all those thirty companies, among them 15 companies that perform "badly". + +Now let's assume an investor, who does his homework, decides to buy ten stocks from DAX-listed companies. If he does his research well, 8 of his stocks will turn out "winners" per definition from above while 2 of them will turn out "losers". In other words: he'd have picked 8 companies with ROI within the range from 7,5-15% and two companies who's ROI are within the 0-7,5% range. If he'd invested in the DAX index fund, he'd have picked 5 "winning" companies and 5 "losing" companies, if we take my second paragraph into consideration, which is just a fictional example and thus to be taken with a grain of salt. Now, in this scenario the retail investor with 8 winners/2 losers can expect better yearly results than the one who invests in the whole DAX index fund, since he was able to "weed out" the "losers" more efficiently while increasing the amount of losers in his portfolio, right? If yes, the retail investor who picks his stocks himself could consequently could expect to outperform the market. Granted he knows how to research a company of course. But let's assume this one is a given in this hypothetical example... +Background: Hi, I'm a mod over at /r/cscareerquestions, and sometimes-lurker here. I recently got frustrated by posters using cost of living websites somewhat naively to compare 'effective' salaries, and created [this thread](https://www.reddit.com/r/cscareerquestions/comments/6o0ypv/psa_cost_of_living_you_a_defense_of_big_cities/) as a response. /u/moneysloths then suggested that I crosspost it to this sub, so here it is. + +-------------------- + +*^By ^popular ^demand* + +Every once in a while here, someone helpfully points out that earning minimum wage in Smallsville is the same thing as earning ***one million dollars*** in San Francisco, and then I have to explain that handy dandy cost of living (CoL) data sites like [Numbeo](https://www.numbeo.com/cost-of-living/) or [Best Places](http://www.bestplaces.net/), while useful, don't tell the whole story. Nowhere close to it, in fact. + +Now I'm not here to argue that places like SF and NYC aren't very expensive (they are), but these websites often exaggerate the difference even so. Here's why you can't just take a salary from one area and naively multiply it by the difference in cost of living that a website tells you about. + +(For the sake of simplicity, I'm conflating big city with expensive city here, since those two attributes are usually correlated. I know that expensive small cities (Boulder) and cheap big cities (Detroit) also exist.) + +###Some things cost the same no matter where you are. + +Anything digital, like your Netflix sub, or all those cheap Steam games you buy on sale, same price no matter where you are. Almost any durable good that comes out of a factory, like your laptop or a car, same price across the country. For many nerds this constitutes a sizable amount of spending. + +### Some things are actually effectively cheaper in bigger cities, in both obvious and subtle ways. + +One of the more obvious ones is air travel, especially internationally. It's going to be significantly cheaper (and less time/headache) to travel overseas if you live in a metro with multiple major airports, like SF or NYC, than if you live in Des Moines. A more subtle one may be, say, 'shows', like comedy tours or concerts or plays. Living in a small city, you'll probably have to travel a fair distance, maybe even stay at a hotel in order to participate, whereas the person who lives in a big city can just wait for the tour to come to them. + +And here's an even trickier example: let's say you're comparing transportation in NYC vs Tulsa. BestPlaces, a cost of living comparison site, says that that category is more expensive in NYC. Makes sense, it's definitely more expensive to have a car in NYC, and the transit pass probably costs more there too. Except...transit is nearly always much cheaper than owning and operating a car, and relying on transit is much more realistic in NYC (transit mode share: ~57%) than in Tulsa (transit mode share: 1.4%). Essentially, what these sites can fail to account for is how *viable* different strategies or lifestyles can be, and the financial impact therein. + +### Most things that are good about cheaper areas can be had for more money in expensive areas + +...but the reverse is frequently not true: things that people move to big cities for cannot be had in cheaper areas at all. The most salient point here is, well, usually the biggest thing people cite in favor of smaller cities is the cost of housing, that they can get a big house for cheap. That's something you *can* get in bigger cities, it just costs much more, so that goes into the formulas. Conversely, many of the reasons that people cite for living in a big city, like walkability or cultural diversity or a feeling of "happeningness", simply don't exist in smaller cities, and can't be bought at any price. + +Ok, so what? Consider: if you *could* get walkability in a smaller city by paying a 'neighborhood service fee' of $200/month, that might get taken into account in a cost of living calculator, and it'd make the bigger city look better. But since it's not available at $200, or $500, or $10,000, or infinity dollars, it just gets ignored instead. You can't do a price comparison for something that doesn't exist, so they never make it into any formula, which again slants things against bigger cities. + +### Cost of living calculators use generic calculations that don't take into account *your* particular needs and wants. + +This is sort of a meta-point. Even if a CoL website accounted for all the problems above, ultimately it would still be a ballpark figure based on a hypothetical, average basket of goods. Fine for you if you're average in your spending in every way, but otherwise you need to think about your particular spending habits, and your particular values and priorities. Someone for whom the number one priority is owning a big house will probably be well-served by CoL sites and should target a smaller city. Conversely, someone who places a high priority on traveling the world would probably be better served living in a major city with a major airport or two. + +### Savings is CoL-orthogonal *if* the savings will be used after you move to a different city. + +This is most relevant for retirement savings: if you're not going to retire where you currently live, then it's the absolute dollar amount that you are able to save right now that matters, **not** the amount you're saving relative to your current cost of living. This means that living early in your career in SF tends to give you a life flexibility advantage, since moving will effectively increase the purchasing power of your savings, whereas the opposite is true if you saved money living in a cheap rural area. It doesn't matter if saving $5,000/year is a big deal and could sustain you for years in Middle-of-nowhere Arkansas, it's not going to be terribly useful if someday you do decide that you want to try out living in Boston instead. + +### Cool cool cool, but what should I *do* with this newfound insight? + +Using CoL sites is still okay for evaluating ballpark expensiveness as long as you're aware of their biases and shortcomings. If you want to, say, look at *specifics* comparing two different areas, create a rough budget based on how you would live (for more on that, perhaps check out [/r/personalfinance's budgeting tag](https://www.reddit.com/r/personalfinance/search?restrict_sr=on&q=flair:Budgeting&feature=legacy_search#res-hide-options) or their [budgeting FAQ](https://www.reddit.com/r/personalfinance/wiki/budgeting)) in those two areas. Numbeo's per-item breakdowns are good for this, as are the usual online tools and websites that let you estimate major costs: padmapper, craigslist, zillow, etc. With a budget in place, you can think both about your potential lifestyle in an area and its attendant costs, and also how much saving in that area would affect your financial future. +>Disclaimer from Quora: A true short squeeze is a fairly rare event. There are probably 100 predicted for every 1 that occurs.* + +>There needs to be an unexpected positive event. This could be a huge earnings surprise, a takeover offer, new patent, drug approval, etc. + +>Unscrupulous stock promoters (PUMPERS) often dangle a potential short squeeze as a carrot to entice inexperienced investors to buy a bad stock. For instance, you will find predictions of a “massive short squeeze” on virtually every message board for every penny biotech stock. If you point out that there is insufficient short interest for a squeeze, the promoters just add lies about “naked short selling”.* + +There, nobody sue me for the pennies I have. The following is all for entertainment purposes only: + +**The intro:** + +Sup gamblers. Feel bad about missing the gain train on TSLA? Fear not - something much greater and stupider is here. + +You know Citadel? The MM that took all our money today? Well now we finally won’t be at the mercy of the MMs. Instead, we’re going to temporarily join forces with the Galactic Empire and hijack the death star. + +Our choice of weapon... $GME. + +**The setup:** + +Huh?? Isn’t GME an absolute piece of trash stock? NO (will explain below), and even if it is, it's not entirely relevant. The this turn around is going to make TSLA's short burn look like warm afternoon tea. + +Why? Well, most short squeezes are mostly math. This one is special because we have math AND great underlying news. + +To be clear, this will happen whether or not we participate. I prefer us idiots to be a part of history. Here’s what’s up: + +Short interest: + +GME currently has between 85% - 99.8% short interest, depending on what site you use. For context, 20% is already considered high as the moon. TSLA and NFLX were around 30-40% at their peak. But GME’S ACTUAL SHORT INTEREST IS OVER 110%. In case you think I’ve gone nuts, look below: + +=== + +Shares Outstanding (June 2) = 64.8M + +- Insider Shares (June 30) = 8.9M + +Total = Public Float = SO - IS = 55.8 M + +- Ryan Cohen Shares (8/31) = 6.2M + +Total = Adjusted Public Float - Ryan Cohen = 49.6M + +=== + +Shares Shorted (9/2) = 55.7M + +=== + +% Shorted (Total Shares) = 86% + +% Shorted (Float) = 99.8% + +**% Shorted (Adj. Float) = 112.3%** + +=== + +This is unheard of. Also, the short interest ratio/days to cover is 16 DAYS right now. Shorts are beyond trapped in their position. +And the insiders? They won’t sell. In fact.. they’ve been BUYING. + +Fine, what if the shorts are correct? They’ve been printing for 5 years. Ok fellow gamblers, here’s where the real DD comes in. +The reversal: + +3 big things will cause this reversal. Ryan Cohen, retail option buying, and Kenny G (Citadel) himself. + +Who’s Ryan Cohen? + +Ryan Cohen sold Chewy in 2017 for $3.3 billion. He poured most of his money into Apple and Wells Fargo, saying he hates diversification and only goes all in into things he has high conviction in. Cohen is a Buffet-like investor. He is the largest individual owner of AAPL, and has sat on his hands doing nothing for 3 years. + +**Until last week… he went long on $GME.** + +Who cares right? He’s just another gambler like us willing to lose money. Not in this case… RC is special due to his expertise in e-commerce. He understands how a smaller company can compete against Amazon and Walmart despite heavy competition. THAT, combined with his hatred against diworsification makes his interest in GME a bit special. + +RC can spin this into an e-commerce/tech company, which would make Wall Street drool from their mouths. He’s already caught the attention of a few people, hence the recent 75% run up since the RC announcement. + +RC only needs to disclose his investments every 10 days. If he’s been buying since 8/31, we won’t know until this week. + +Add to that, the original contrarian Michael Burry found that 90% of stores were free cash flow positive before COVID. GME’s balance sheet is healthy with $100M in net cash (around $500M cash and $400M debt), so they aren’t going bankrupt anytime soon. They also added 2 more activist investors, Kurtis Wolf and Paul Evans, who were nominated by Hestia Capital Partners and Permit Capital Enterprise Fund, to turn the ship around. + +All this meaning, prominent figures have sKiN iN tHe gAmE, and if needed (unlikely) they have more cash to see it through. + +Second and third, degenerate gambling retail robinhooders + CITADEL. Told you we’re going to work with him this time. + +Thanks to MMs literally not using their brain and relying on ze maths to configure their entire business, we can take advantage of them sleeping at the wheel for a few seconds, and cause them to ram into GME for us. + +It looks like this: RH Call Option buying -> MM Delta hedging/share purchase -> short squeezing -> Greater retail/RHers price action chasing/call option buying -> MM Delta hedging/share purchase -> short squeezing -> Institutional and new channels flip the script -> GME to $400+ -> cash out. + +By the way. This is NOT a pump and dump. This is a kick in the shorts’ teeth. The stock will STAY HIGH. + +For reference: if $GME was trading at the same P/S multiple as $CHWY, the share price would be $420. + +Maths: + +On being delta neutral - quick refresher from a WSB classic: + +>“Part of the reason we see outsized moves is when a stock starts moving the dealers who are short the calls need to buy more stock to hedge. This can easily double the amount of buying pressure out there and lead to very exaggerated moves. + + +>As the stock goes up, so does the delta of the stocks calls and dealers who were originally perfectly delta hedged before the move effectively become short the stock as it moves higher so they need to buy more stock to “hedge up” or flatten their exposure/risk." + +Remember, since GME is literally 99.8% of float short (ignoring RC’s shares for now) they currently HAVE LESS THAN 50,000 SHARES IN LIQUIDITY. + +https://iborrowdesk.com/report/GME + +As of writing this, delta on average is around 0.200, give or take. Higher for near dated (0.395) lower for long dated (0.195). Let’s be conservative and call it 0.2 for the time being. So now, for every call option I buy, MMs need to delta hedge with 20 shares. + +Here’s where it gets insane: + +If $100,000 in calls are bought from RH, Citadel is forced to buy the remaining 50,000 shares. I’m using 10/16 $15C for this example. This is an insanely small amount of money, especially with Ryan Cohen, retail idiots, and the rest of the SeekingAlpha vultures waiting for this play. It’s a ticking time bomb waiting to happen. + +Let’s say Burry wakes up and decides to drop $600,000 in call options. This is going to force Kenny to delta hedge 300,000 in GME shares. When there are only under 50,000 shares available in PUBLIC FLOAT. This has NEVER HAPPENED BEFORE IN HISTORY. In an accidental squeeze (KBIO, VW), the shorts can’t buy back and get priced out momentarily. Pump and dump. Not what's happening here. + +In a contrarian bet leading to a squeeze, shorts bail their positions and the stock STAYS HIGH (TSLA, PTON). The stock is no longer being artificially suppressed, and the shorts are NOT going short again. + +To tell you the truth, I don’t even know how far this is going to blow up, since there is literally no historical precedent for this. I just know things are about to get very very insane. + +Now also add in the fact that GME is at a 5 year low, which means shorts can be largely satisfied with their gains, and are comfortable covering their shorts. Which, as a reminder, they have to BUY back. + +-Cut to Ryan Gosling toppling the Jenga pieces- + +**The timing:** + +Alright, if you’ve read up to now, I can assume you’re in. IV is off the charts right now. That’s what happens when a stonk goes up 75% in a week. Sorry, but the Ryan Cohen news is actually big news. + +PRE-EARNINGS BET + +There’s no idea how the call will go. So place your bets if you think it will go well. If $GME absolutely misses the mark, this DD is worthless. BTW GME flopped the last 2 earnings - that's why there have been no big gains. Proceed at your own risk. + +Few things I’m betting on: + +First, GME beats earnings. All gaming companies, Nintendo, Sony, ATVI beat due to COVID lockdowns. Same store sales should be flat or up, with 300 less total stores. $GME is expected to post a loss of 1.27 EPS. That's way too low. + +Second, activist investor activity. Cohen is sharp as a knife and will make sure things get aligned correctly. He's more financially oriented than most founder/CEOs. He can probably recite CHWY's balance sheet to you off the top of his head, and he understands the investing environment (bad IPOs, interest rates, SPACs). Meaning, he's not a gung ho YOLO Masayoshi / Grant Cardone coked out founder. He's disciplined. Yea I did some stalking... Well you know I had to. + +Third, positive news cycle due to Console Cycle: http://charts.stocktwits.com/production/original_240233258.jpg + +If you’re wondering why fund managers aren’t covering and going long, remember that they have a JOB. They can’t make contrarian bets at the risk of looking idiotic. Cohen and Burry can because they own their own money. + +They can talk about how $GME is going to be Blockbustered. Only one problem - GME’s Netflix… is GME itself. By the way, VW was also heavily shorted during a recession because everyone thought they would be bankrupt. Jus sayin. + +AFTER EARNINGS + +If GME rockets after earnings, the short squeeze has started and we can pile on weekly 10-20% OTM options to force KG to delta hedge by buying shares, ad infinitum: see $TSLA. + +If GME tanks, buy cheap options in anticipation of the short burn. + +**The trade:** + +In order to capture the biggest upside, the highest strike call option is best. Remember when TSLA was going up so fast they didn't even have existing options to match the parabolic gains? Same will happen here. We only have $30Cs now, so these will have to do. + +15 Jan 2021 $30.00 C. + +Also, since we don’t know when GME will skyrocket, this gives you time to capture any squeeze that happens. + +16 Oct $15.00 C. + +This lets you capture more asymmetric upside in case the squeeze happens quickly. + +LAST, and timing is crucial here. ONLY WHEN I get the confirmed signal that the squeeze is happening, I will pound weeklies 10-20% above strike price. Again forcing Kenny to hedge with shares, causing shorts to cover and BUY back, increasing the delta of the call, getting retail and institutional attention, buying more calls/shares, delta hedge, shorts cover, ad infinitum. + +The weeklies have the highest delta, so Citadel will be forced to hedge the most by buying shares. In other words, we’ll get the biggest bang for our buck in squeezing these. + +There is a chance Citadel/MMs switches to buying puts to delta hedge. Like I said, they’re asleep at the wheel for a second, retail will likely ram before they change their algos. + +However, once the squeeze takes off, not even Citadel will be able to stop it. In any case, if they do start to buy puts, we can sell the puts as a bonus. + +Like /u/dlkdev once said, the only way to beat a rigged game is to rig it even harder. + +This is not fraud. There is no manipulation here. We aren’t forcing anyone to do anything. It’s going to happen with or without us. But I want to ride. + +Earnings will light the match, but we can add all sorts of gasoline to the fire. + +I stole some data/ideas from a couple of different articles on Seeking Alpha/reddit/google/youtube. I’m not claiming credit for this trade, I don’t really care. In fact, I beg you to completely ignore me. I even dare you to short GME. I’ll happily take your money. + +**TL;DR: $GME is vastly oversold.** + +**GME is TSLA one year ago. GME is AAPL in 2017. Add to that the greatest short burn you’ll see in history, and you’re in for a hell of a show.** + +Also GME is uncorrelated with the market. It might even be negatively correlated (it was today). It's only worth $500M (3 Bel-Air houses) and fund managers are happy to cut a high risk/low return position. Let your cognitive biases run free. + +Ryan Cohen & Michael Burry if you see this - you better buy as much as you can now. When GME gets to fair value of $26B+, you won't be able to take over the company and kick out the backwards exec team. Good luck. + +**Edit1: $GME missed and tanked. Not much Cohen can do in 1 week. IV is dead and liquidity is still dry. Get cheap calls while you still can. PLAY IS STILL ON. +I’ve been trading options for about a year now. Like many, I started by throwing my money at something I knew nothing about, and saw crazy losses. Since then, I’ve wisened up and now have much sharper skills when it comes to charting and understanding factors like theta, IV, etc.. + +In May, I decided to do a very small account challenge. I started with $200 and my goal was to reach $1000 (500%) return. I reached that goal after about a month of trading, through mostly consistent, small wins. + +I cashed out half of my cash balance and started back over with $500 in buying power. I immediately blew up my account in a few trades, and was left with $110 in buying power. I was able to turn things around and managed to recover. Last week, my account saw a high of $560, but between Thursday and Friday, I managed to lose the majority of my money again. + +This time I’m left with $38 in buying power, affectively nothing. I try not to get too emotional, but I’m pretty defeated. I’m a young college student who’s trying to make this into a career, but every time I feel like I’m figuring things out, I take two steps back. + +Since I don’t have much left, I can’t really make any trades to turn this around, so I’ll likely be depositing money back into the account. + +With that being said, does anyone have any advice for me going forward? Anything about risk management, when to cut losses, or how to deal with these crushing blows? I just want to have an honest conversation. Cheers. +I am poor and have been for the majority of my adult life. I often feel out of my depth on reddit, because I'll see a conversation about jobs and someone's like "yeah, I was making 96k at my last job, but I didn't like the benefits package so I jumped ship to XYZ company. Now I'm making 125k and I get dental". + +It's like, damn dude, what are all these people doing to end up making piles of money? I have a decent work history and a bachelor's degree and I make about 14k a year. And that's with me actually trying. + +I'm not just trying to bitch about being poor, I just always feel like such a failure when I look at other subs where apparently everybody is a combination lawyer-engineer-doctor-astronaut. It's good to be able to talk finance with people who understand what it's like to choose between paying the electric bill and paying to fix whatever is making that horrible grinding sound in the car. +The thing is, all of my sales last year were out of state. I live in Ohio. I was under the impression that I wasn't required to collect on this. I plan to call the department of taxation when their office opens on Monday, but would like to be as informed as possible. Does anyone know why this would be happening and whether it can be appealed? + + + +Edit: This is definitely not what I would have guessed would be my most popular post. Theres a lot of good advice though and I appreciate it. I did file and report my sales in my tax return. This is most likely how Ohio Tax Dpt. knew to bill me, however I only had one sale to someone in Ohio and that one was returned. Because of this I didn't think I needed to file a $0 return which seems to have been my mistake. + +So my wife and I are in the process of moving and have applied to several houses(for rent) in the last week. I am able to check my credit score and payment history for free anytime I want on Credit Karma, Credit Sesame, the Transunion, Equifax, and Experian websites, I can even see my Fico score all for free on the web. + +&#x200B; + +What I do not understand is why every application requires a $35 to $75 fee for this service as well as adding a hard inquiry to my credit report AND LOWERING my credit in the process. What benefits does a hard inquiry provide, and why can't this information be viewed for free? I honestly don't get any of this and am looking for some guidance from you all. + +&#x200B; + +THANKS! + +&#x200B; + +Edit: Thank you all for the responses. One question I have seen is "Why are we applying to so many places?" We are in Philadelphia and apparently here the housing is pretty competitive. We have seen probably 25 properties and applied to roughly 4 of the 25 or so and were beat out by other people with higher income or credit scores even though we applied first. (one of our realtors explained this has happened to us) Trust me, we saw the properties, had all documentation ready and filled out applications but still aren't getting them because the landlords are cherry picking. In the mean time my score is dropping for literally no reason other than the fact that it seems others have higher scores, my income is substantial and score is upper average. Just a crappy system +Through fortunate circumstances that I won't get into, I've come into £120,000 in cash that is exclusively mine. + +I want to use this money to best create the best long-term chances of supplemental income, and obviously want to invest as prudently and wisely as possible. My parents say I should buy an apartment with good yields and good appreciation prospects, potentially in a high-growth potential commuter town like Ipswich. I'd probably want to sell within 5-10 years to be able to qualify for a help-to-buy scheme in London. + +However, I'm worried they're thinking with an antiquated mindset, as property is potentially not the asset it was 20 years ago. I've done quite well in an ISA through HSBC with my prior savings, and their potential is not lost on me. + +However, I'm worried about: + +a) Tax potential on ISA investments over £20,000 + +b) The fragility of the current market highs. + +2) + +a) Potential wrenches in the buy-to-let scheme + +b) Getting and managing tenants, lack of property appreciation, + +c) Difficulty re-selling + +Thanks very much. +This will be our first multi-unit and we are financing the purchase under our names. We want to put the property under an LLC however to protect ourselves. What I don't understand is the process of transferring the property to the LLC after the purchase completes. We can't register an LLC then purchase through the LLC since the LLC will be new and have no credit history. + +Any feedback is appreciated. +Hi all, so I find myself with a definite good problem to have. I have a property in the Gatlingburg/Pigeon Forge area that has gone up significantly in value since I purchased it. + +1. Purchase $670k +2. $250k improvements +3. Gross revenue around $300k-$400k +4. 20% to property manager and then $4k a month in cost (mortgage, utilities, insurance etc) + +Getting offers in the $2.7m range - unsolicited offers mind you. + +I don’t know what to do - take the huge payday or keep the very nice revenue generation stream… +Hello, + +It's look like we are going to close tomorrow in red week. For the 5 weeks in a row. Last time this happened was back in 2018 from 22th October to 25th November. + +What this can mean? + +If this is really gonna happen and tomorrow is gonna be another bloody sunday, we can look what happened in the end of 2018. +After 5 red weeks back in 2018 there was 1 green week and another 2 red weeks. The second of them found the bottom - 3156$ wich was lowest price for that cycle. + +If history is going to repeat, it all can means, that bottom is really near and we will see rebound soon. + +But this only one way of look. + +The 2nd one is, we know shit about fuck and this thought doesn't mean anything at all. + +Pick one. +Hello! I made a google slides doc that breaks down my day trading strategy as best as I could. I created it for myself, to help reinforce all the things that I have learned, and am still learning. I trade primarily futures at this point, but I also trade options and stock. + +So here is a link to my google slideshow: +https://docs.google.com/presentation/d/19DMFOwmcgSbNoPIvMSC_xM1y9Wdby7AAXnu9JljSJ28/edit?usp=sharing + +Maybe this will help anyone that is struggling with their trading, or maybe reinforce ideas that you are already pretty solid on. All feedback is welcome, and as a fyi, I am not a consistently profitable trader yet. I do find a lot of consistency in my trading, but I am still working on it, and learning everyday. + +I wish everyone the best with their trading journey! +This is [cross posted from here](https://www.reddit.com/r/wallstreetbets/comments/4x2316/how_i_made_356k_on_xiv_in_two_years_and_my/). My post was removed by the mods there. Don't know why. The content of my original post is the same as below. I linked to there because there are a lot of good questions. I'm traveling tomorrow so won't have much time to answer any questions but I'll get to them the following day. Not sure if this is suited for /r/investing. If it isn't let me know and I'll remove it. + +[Proof](http://imgur.com/a/7v26i) (Most of the profits were made in the past 10 months. At the start of 2015 my account size was around $450k. It's now at $807k) + +Reason for this post + +- I want to introduce XIV as an alternative to buying or trading stocks. I've sworn off buying stocks. + +Background + +I am not a professional and undestand about 51% of the inner workings of XIV. I trade XIV on several accounts. The proof I linked to is the biggest and is a retirement account so I can't withdraw without taking a penalty. I have a cash + +account that is up 100% since 2015. I trade my friend's cash account which is up 50% since last Nov. I also help my father and a friend trade XIV. Between us we've made 7 figures this past year. + +History + +I've been in the stock market since 1987. Bought some mutual funds with my hard earned money when I was 17. Black Monday promptly happened. Didn't get back into the market until around 1995. Rode the internet boom up and back down. + +Struggled through the 2000s with not much to account for. Got into a Commodity Trading Advisor that does the strangle on the S&P futures in 2008. It had amazing past performance and relied on the market trading in a range to make money. + + This strategy didn't work so well with the Great Recession. Fortunately I remembered how the market behaved after a big crash so I invested my 401k in natural resource and then gold and had these returns: + +- 2009 - 57.78% +- 2010 - 32.95% +- 2011 - 15.72% +- 2012 - 50.20% +- 2013 - 51.19% + +compared to the S&P500 + +- 2009 - 23.49% +- 2010 - 12.64% +- 2011 - 0.00% +- 2012 - 13.29% +- 2013 - 29.60% + +With the bump, I moved $500k of my 401k to a self-directed account (I own a company so had this set up with the 401k plan). For the next two years my trades again didn't go anywhere. It wasn't until I read a reddit post about buying + +XIV after the market crashed a bit in 2014. I researched it and began trading. It went surprisingly well. Told my friend about it and he got on the game with his IRA account. + +Rambling thoughts on the market + +- As my friend said, the market is the devil. You'll go to the grave and still won't figure it out. +- No one knows what the market will do. Those who say they do are liars and/or are probably trying to sell you something. +- Investing based on fundamentals has never worked out for me. +- Investing based on technicals has never worked out for me. +- Diversifng my 401k never worked for me. It wasn't until I started putting my entire 401k into a single fund in 2009 that I started getting amazing returns. +- I advise people who don't want to or can't actively trade to put their money in an index fund. While history has shown this to be relatively safe there are still risk. + +Basic strategy on trading XIV + +- Wait for a "crisis" that brings the market down. +- Buy XIV +- Wait +- Profit +- Repeat + +These crises (opportunities) happens a few times a year. When it does the VIX spikes above 25 which is a good buy signal. + +I'm not going to say I'm some sort of genius with my timing but so far whatever I'm doing it's working to a certain extent. For example, I bought XIV late last year and then the oil crash brought down the market. I had a huge paper loss + +but was confident the market would recover. It took months and I got out with $110k profit ~20%. Traded a bit but then got out before Brexit happeneded. Afterwards, I was a bit nervous and waited too long to get into XIV but still made + +$140k profit (24%) in less than a month. + +What I like about XIV + +- It's not a company so no one is lying to you. Not the company and not any of the analysts covering it. +- It most likely will not go down to 0. Look at how [XIV behaved during the Great Recession](http://sixfigureinvesting.com/wp-content/uploads/2014/05/XIV-04-14.jpg). It recovered in a couple of years. Some companies never did or went + +bankrupted. +- It benefits from contango. + +What scares me about XIV + +- The prospectus states that Credit Suisse reserves the right to close the fund if its intraday loss goes beyond 80%. On 8/24/15, the DOW intraday dropped 1,089 points (7.1%). VIX rose 90% yet XIV **ONLY** dropped 34%. It would take the crash of '87 to terminate XIV but the market now has breakers in place that suppose to prevent this. +- If I'm caught on the wrong side of the trade, it may take months to be profitable again. I don't use stop orders if I have a paper loss. My reasoning is the market will eventually recover and/or volatility will die down. + +Resources on XIV + +- [Six Figure Investing](http://sixfigureinvesting.com/) +- [Understand Contango](http://commodityhq.com/education/understanding-contango-natural-gas-example/) + +Edit: I'm heading out on a road trip. Won't be back until tonight or early tomorrow morning. A lot of great discussion here. +This is not an accusation but don’t you find it a little curious that on such an important day for our favorite stonk, there’s been such an upsurge of negativity about the livestream and the Superstonk apes who put it together? + +As someone who has gone through the tough learning curve of live-streaming, it’s never as elegant and compartmentalized as a written piece. + +Cut these guys some slack and let’s celebrate the bigger picture of what just happened today. + +If that’s your primary focus, your negative outlook on the livestream, then it comes across as derisive and seems suspicious considering all the positivity of today and our community at large. + +We aren’t just HODLING stocks apes, we have to HODL together too. + +[end of rant] +TLDR: I’m ready for downvotes as this is a very unpopular opinion. + +“DONT BUY OPTIONS” was the greatest and most successful FUD campaign to infiltrate the group. ITM options create market buying pressure for the upside. Simply holding shares allows the market to be shorted with little resistance. + +Ever since “don’t buy options” has become a theme in the group, GME has been bleeding out. This can be proven with the extremely low trade volume. The only time we get volume is during events that revolve around…….. OPTIONS!! + +This isn’t to say everyone should buy them. They can be expensive and they are risky. But simply holding and DRS is not enough. Buying pressure has to exceed selling pressure or else the stock will continue to bleed. +*It doesn’t matter if the float is locked if the market isn’t forced to buy shares* + +I’m ready to be downvoted buy people who had their feelings hurt by the above post. +So we are about to sign a lease for a place in Wisconsin and along with a $929 cashiers check they are asking for a $150 money order to a carpet cleaning company that I can’t find via google. + +Is it standard procedure to have a tenant pay directly to a carpet cleaning company prior to move in and with a money order? I’m pretty sure the carpets are new as well. It just raised some red flags for me. Thanks! + +Edit: Heading to the lease signing and we’re gonna raise concerns with them about the money order. I’ll update with the results. Thanks for all of your comments it’s validated my worries. + +Edit 2: we gave them the money order and we received a receipt for the payment. This money will be used to clean the carpets once we move out. The lease also stated that the Leasee is responsible for paying for a carpet cleaning upon their move out so it definitely seemed much more legit once we met with the leasing company. We didn’t want to make a huge stink about it because we love the place. Thanks everybody for the advice we feel much better now after everything. + +Edit 3: Yeah honestly I think the landlord company is just trying to squeeze more $ out of us. I’m documenting all my payments and I’ll take pics and keep tight records of the place over my stay there. I’ll be damned if I’m paying any carpet charges when I move out. That being said $150 isn’t a dealbreaker for this place. Hopefully the LL doesn’t continue to squeeze us. +I constantly see posts of "Bitcoiner's" stressing and obsessing over the price! Who really cares if it's $50k, $55k, or $200k? + +If you really, and I mean REALLY believe in Bitcoin, and that it's the future, then why don't you just buy, put it in cold storage, and repeat? + +So many posts from individuals over complicating things for no reason.. + +Here's a quote that stuck .. "The hardest thing for any human is to just do nothing" .. Implying that you already bought Bitcoin, but now feel it's not enough, and you have to do something risky to try and double it by putting it into some shitcoin, hoping it explodes! + +I'm asking because i'm genuinely curious to know.. +Hello Fellow Investors, + +I am just starting my dividend portfolio and I am starting with a capital of $30k, I will be adding around $2,500 a month. + +I want to be diversified in all 11 sectors (listed below) and only hold mega and large cap stocks (50B + Market Cap): + +1. Real Estate +2. Industrials +3. Consumer Staples +4. Healthcare +5. Financials +6. Consumer Discretionary +7. Energy +8. Technology +9. Communications +10. Utilities +11. Materials + +What are your top 3 favorite stocks in each sector? Looking forward to hearing them! +A 30 year $1,000,000 mortgage at an interest rate of 2% requires repayments of $3,696 a month. + +At 4.5%, a $729,500 mortgage requires the same repayment of $3,696 a month. + +At 5.0%, a $688,500 mortgage requires the same repayment of $3,696 a month. + +At 7.0%, a $555,500 mortgage requires the same repayment of $3,696 a month. + +Property prices have clearly not dropped by ~27-32% since the peak. So, why are we still paying such a premium on property? + +I realise that prices are not exactly equivalent to how much one can afford to pay and that there are other factors involved. Can anyone please explain these factors are, or what might be causing this distortion or lag? Or are aussies simply mathematically illiterate for the most part? +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Jun 22 2022): **174.84** + +---- + +→ Change from 2020 peak to now: **+27.6%** + +→ Change from all-time high to now: **-1.0%** + +→ Change from now for prediction to be correct: +**-60.8%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.4%** + +⇒ Average monthly change since all-time high: +**-0.7%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +Basically, you apply to get your future salary before you even find/have a job. That easy, you just need to use your grandma as collateral. + +World is ready for you new generation, BeforeWork your life. + +We are also excited to announce that we have partnered with BeforePay and AfterPay. Now it is the time to BeforeWork, BeforePay and then AfterPay those new exciting experiences. +BSC Only- + +[POOCOIN.APP](https://poocoin.app/poocoin) + +[This is a chart like nothing you use, buy and sell tracking showed to you on the chart and you can view ANY wallet. The wallet in the picture is random.](https://imgur.com/a/XWEIn2F) + +We are primed to explode this weekend! Over 1-million visit the site now daily. + +Features - + +* Strong Chart Tracking (Track ANY BSC Token) +* Yield Farm Tracking (Toilet) +* Vetted Promoted Tokens (See what tokens are going to be the next hot thing) +* Non-Vetted Promoted Tokens (Spin the Wheel) +* Buy/Sell Tracking Yours/Any Wallet (Premium 2) +* Track Yours/Any BSC Wallet Including All Shitcoins (Premium 2) +* New Interface coming Next Week +* New Logo coming this weekend + + +**Tokenomics:** + + +* Redistribution / deflationary mechanism. +* 8% fee charged for each transaction, 4% distributed to token holders 4% burned. +* To date over 3.8 million coins have been burned! +* Transaction fee + redistribution incentivizes hodlers over swing traders, YOU SIMPLY INCREASE YOUR TOKENS BY HOLDING THE COIN, and then the token burn deflates supply which creates upward pressure on the price over time. +* No more than 100,000 can be traded in 1 transaction, meaning there’s a limit on huge whale buys / sells. + + +Dextools has rightly emerged as the leading analytics / charting app for Uniswap, with great charts and individual transaction data. BSC / Pancake have been lacking a similarly high-functioning, fast, reliable solution. Poocoin provides that solution – + +Check out the telegram to see how it really is a community-driven project, with users requesting features and the lead developer responding in real-time. + + + +12 Million MCAP (incoming 100!) + +[Poocoin](https://poocoin.app/tokens/0xb27adaffb9fea1801459a1a81b17218288c097cc) + +[Buy on PancakeSwap \(Slippage 9%\)](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb27adaffb9fea1801459a1a81b17218288c097cc) + +[Discord](https://discord.gg/fa8hq6QU9H) + +[Reddit](https://www.reddit.com/r/PooCoin/) + +[Twitter](https://twitter.com/poocoin_token?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) + +[Telegram](https://t.me/poocointokenchat) (Lead dev is on there regularly and is super transparent) + +[CoinMarketCap listing – Pending Charts](https://coinmarketcap.com/currencies/poocoin/) + +Coin Gecko Listing - PENDING (waiting for a logo change) + +[Blockfolio](https://feedback.blockfolio.com/coin-requests/p/httpspoocoinapp) +So, the title says it. I am looking for opinions. Should I invest in tech companies such as MSFT, APPL, GOOGL etc.. now? or should I wait as things currently seem to be unstable while prices are high (looking at the current economic situation). + +If I wait, prices may go higher, and I may end up buying at a high price, but if I buy now, a crah may come, and prices may drop, in that case I would have less money to put in the market to avrege down the cost. + +In 5-10 years I see the stock of these companies up atleast $100 - $200 a share, as these are solid companies, with great balance sheets. So what do you think? +Here’s what Biden calls for: + +Direct payments of $1,400 to most Americans, bringing the total relief to $2,000, including December’s $600 payments +Increasing the federal, per-week unemployment benefit to $400 and extending it through the end of September +Increasing the federal minimum wage to $15 per hour +Extending the eviction and foreclosure moratoriums until the end of September +$350 billion in state and local government aid +$170 billion for K-12 schools and institutions of higher education +$50 billion toward Covid-19 testing +$20 billion toward a national vaccine program in partnership with states, localities and tribes +Making the Child Tax Credit fully refundable for the year and increasing the credit to $3,000 per child ($3,600 for a child under age 6) +The plan is the first of two major spending initiatives Biden will seek in the first few months of his presidency, according to senior Biden officials. + +The second bill, expected in February, will tackle the president-elect’s longer-term goals of creating jobs, reforming infrastructure, combating climate change and advancing racial equity. + +Senior Biden officials, who have been working on the stimulus plan for weeks, also confirmed that the president-elect still supports $10,000 in student debt forgiveness. Biden will formally introduce the plan during a speech at 7:15 p.m. ET from Wilmington, Delaware. +Hi, so I(28F) know nothing about investing and find the language around it quite intimidating so I just kept all my money right where I can see it, in my ANZ savings account. I also didn't get into investing because I was afraid what if I don't have money for any sort of emergency. + +I have the Spaceship app and the amount in there is embarrassingly low ($301) and it says -143 returns , I don't even know what that means tbh. I overheard someone talk about investing in ETFs and wanted to move the $301 to an etf? Is that possible? + +I don't make all that much, maybe $45,000 a year as a casual. Where do I start? + +Thank you! +Ok I’ve been trying my hand at day trading stocks for the last couple months! ITS NOT EASY! + +I’ve struggled to find advice that is reliable, I’ve listened to people I now believe probably know less than me.. i have the following questions that I’d love answered by solid full time day traders. + +They are - + +1 - What market screener do you use, what screening ‘settings’ do you set and why? + +2 - Everyone talks about risk management, what are your risk management rules in regards to entering and exiting trades? + +3 - When performing DD how deep do you go? I struggle to feel like i’ve sufficient DD before entering a trade and will miss out on opportunities because of this. Is there a check list you tick off? + +4 - Which charting indicators do you use primarily to decide entry and exit on trades? Also any suggestions on good free charting software? + +5 - Is this a legitimate way to create an income? + + +6 - Do all day traders use options? They terrify me, I understand the basic principles between calls and puts but would prefer to not use them if that is possible? + +7 - Do all successful day traders short stocks? + + +All answers are massively appreciated! I am by no means in this to get rich quick, i am finding it incredibly interesting and it’s feeding an urge to learn while we remain in lockdown! + +Edit: questions added. +Every now and then, people on here think they have some “brilliant” thought about the markets. Often it’s something they believe no one else has thought of, and will make them money. And it goes both ways, bulls see a coming surge. Bears have analyzed the markets and “know” they’re in for a large dip. I claim that whoever in here believes he or she timed the markets, is fooled by randomness. + +Either way, let’s talk about one common trait among a lot of bearish posts in here... + +... They seem to imply we live in a proverbial vacuum. Every time the world doesn’t end, I see posts and comments along the lines “of only the Fed hadn’t X” or “if only the lawmakers hadn’t Y”. Well, ok, interesting theories, but we live in a developed world. Governments will always do X and Y, and institutions are always ready for Y. And if they’re not, the legislative bodies are ready to step in to fix whatever systematic faults need to be addressed. The whole market economy is just a set of laws and regulations, and those laws and regulations are being adjusted and amended all the time. Therefor, any analysis made on the assumption that the world will just stay passive when there’s a risk of it burning, is sloppy and irrelevant. + +“The Congress can’t just...”, yes they can. “The Fed can’t keep...”, yes they can. Same goes for the EU. Don’t underestimate the political will of the European Union member states. “They can’t save Italy should their bond yields skyrocket...”, yes they can and they will. + +**Tl;dr: Whatever laws and interventions needed to stabilize the economy and induce growth, will be set in place. Always. And the means of production in mature economies will manage.** +*Today marks the beginning of the five-day festival of Diwali, when Hindus worship* [*Lakshmi*](https://www.libertypuzzles.com/userfiles/media/images/10708/lakshmi-image-watermark.jpg)*, the goddess of wealth. It's considered good fortune to buy gold* + +# UNITED STATES + +* The jobs report released Friday beat expectations nicely (Actual 250 | Expected 200) + * Women are entering the workforce at a record rate, outpacing men + * Hourly **wage growth** exceeded 3% for the first time in 9 years  +* Stocks prices are starting to look attractive again with many pricing in close to zero earnings growth ahead + +### OTHER + +* Full-time **employment** in **Canada** came in higher than expected (Actual 33.9| Expected 20) + * The **unemployment** rate remains at multiyear lows + * However, **wage** **growth** is slowing  +* US sanctions were lifted on **Turkey**, giving a boost to the **lira** +* As of today, Venezuelans will be able to purchase the government’s mysterious **cryptocurrency**, the petro +* **Iranians** protested, chanting the classic “death to America” when **sanctions** against its oil and banking industries were reimposed on Sunday + +### CHINA + +* Outlook uncertain  +I can’t understand very well, so if I buy a property at 100k and I do some renovations and its worth 200k now and decide to refinance and get my money out, what happens exactly? The bank knows its worth more so they can lend me more money? +It’s that time of the year between Christmas and New Year’s where time has no meaning and one can watch the fireplace channel and read a good book. + +I enjoyed “thinking fast and slow” about human cognitive biases, and “payback” by Margaret Atwood about the history of debt. A friend also gave me “where are the customers’ yachts” and recommended reading any Berkshire Hathaway annual report preface written by W. Buffet. + +Any great reads that changed how you think about the future and your wealth? + +Edit - I am curious why Rich Dad Poor Dad seems somewhat controversial? + +Edit: of course I didn’t know about the pfc reading list, thanks for the link! + +https://www.reddit.com/r/PersonalFinanceCanada/wiki/reading-list +This is what the historical charts say. The covid flash crash being the major exception - a prolonged bleed of -25% takes at very minimum 4 years to recover, and from 2000 you could say it took 12 years to finally get and stay above ATHs +Just fucking hold your Bitcoin, it’s not a get rich quick scheme. People are finally getting into it and there is so much misinformation being thrown around. I’ve been trading since 2015 and made many mistakes (such as selling early) and seriously regret it. + +If you don’t have bills to pay, just hold your money and fucking stack. A 10 or 20% loss right now is nothing if you compare it to the potential price in 5-10 years. Bitcoin, in my humble opinion, should be used as a secondary savings account. All this Wallstreetbets “ape” shit has got to go man. +I don't understand what the relationship between a companies performance and its stock price is. I get that if a company is doing really bad and is in danger of going bankrupt, the stock's price will drop since it will soon be worthless and demand will be small. + +Other than that though, if a company is doing great and expanding, why would it's stock price increase as well, assuming the stock doesn't pay dividends which seems to be common. You can say that the reason is because there is more demand for the stock since people anticipate that it will rise since due to the value of the company rising, but what good is there in owning a tiny percentage of a company, no matter how successful? It's not like you'd have a say in the company, or share it's profits (in the case of non-dividend paying stocks). + +It seems like people purchase stocks in hopes that increased demand will cause the price to rise and that they will be able to sell the stock for a profit. Demand for a stock rises when more people want to purchase the stock. (This seems cyclical to me). And somehow, the performance of the company factors into all of this. + +I'm sure theres a logical explanation for how this all works, I'm just missing something. Any insight would be much appreciated. + + +xxxNifty is a developing adult NFT platform that aims to bridge the gap between cryptocurrency and the adult industry for users and artists alike. As you can see on their website, xxxNifty has artists and users who are already reaping what they have to offer. Gem Stoned, Sinn Sage, Bonni Good for instance are some of the content creators with countless more to come. Large partnerships are also in the making. If you’re interested, you can see more of the artists here: + +[https://www.xxxnifty.com/adult-content-creators/](https://www.xxxnifty.com/adult-content-creators/). + +The dev team is very active in the TG answering questions from the community and making sure investors feel safe. Just last night there was a contract migration professionally done by the devs. They took a snapshot and all the holders were airdropped the new NSFW token. All we had to do was to put the new contract address in our wallets. The migration was needed because the community asked for a tax system and after several polls and voice chats with the devs they decided to put the 6% tax system in place showing that they have a very dedicated developer team who listens to their holders. + +As of now, Nifty got listed on **CoinMarketCap**. xxxNifty has also been published on **CoinGecko** in **LESS THAN ONE DAY**. There is so much more in the discussion so if you have any further questions, feel free to pop in TG chat. I’m sure the dev and the community are more than happy to answer them :) Become part of an ever-growing community today! + +✅ A list of things are in progress: + +Big star incoming! Tik Tok & YouTube marketing. Poocoin banner ad finalization (already paid) Only fans work in the discussion. Talks with big studio in LA with models. More models incoming. Burn mechanism when buying NFTs incoming. Coingecko ads finalized, will be up most likely upcoming week. + +**ONE OF THE BIGGER NEWS:** + +The big news is that the team secured the spot at the XBIZ Miami Conference on May 24th-May27th. +XBIZ is an adult content conglomerate that connects adult stars with businesses in the space. +This not only will give us big traction recruiting adult stars onto the platform but will put us on the radar of already established Adult Content Businesses, that may be looking to implement NFT’s/crypto into their business. We will also be partnering with their website, and a monthly magazine, where they will feature xxxNifty on a re-occurring basis. + +**PS5 GIVEAWAY FOR ALL THE HOLDERS WHO INVESTED 10$ OR MORE** + +Buy and hold, at least $10 of NSFW tokens for the duration of the giveaway (Only new holders are eligible for the giveaway). + +🪙 NEW Tokenomics: + +6% redistribution 5% LP liquidity, 1% holders + +🔥 Fully minted. + +🔥 PancakeSwap liquidity: + +60% of Pre-Sale is LOCKED 🔒 for 6 Months + +🔥 Total supply: + +69,696,969,420 + +🌐 Website: + +[https://xxxNifty.com/](https://xxxnifty.com/) + +📝 NEW Token address: + +0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +🥞 PancakeSwap (6-7% slippage): + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3) + +💬 Telegram: + +[https://t.me/xxxNifty](https://t.me/xxxNifty) + +🕊 Twitter: + +[https://twitter.com/xxxNifty](https://twitter.com/xxxNifty) + +👾 Discord: + +[https://discord.gg/wAXuEEtDRW](https://discord.gg/wAXuEEtDRW) +Disregarding family and friends, who or what are some valuable and commonly forgotten sources of advice on attaining greater income? + +I'd like to be earning at least $20k extra a year, but my current employer doesn't show much opportunity to earn much more than $60,000 working 44hr weeks. It is considered an entry level grad role but is essentially data entry combined with payroll processing to form a trainee accountant position. + +Information technology is an obvious direction for higher income which I am beginning to consider, however like any industry change I expect to be on a similar entry level wage until I gain more experience to enable greater consideration as an applicant for higher paying roles. + +Edit: typo, current salary including overtime is close to $60,000 + +Edit 2: Thankyou for all the responses. There has been a variety of advice, and the key consistent message has been invest more time in yourself and the opportunities will grow. +Why should we invest in stock market that is completely manipulated when I can buy non counterfeit token that has been created through an open source community? I think that what's happening with GME will speed up the transition to crypto! + +Change my mind + +HODLING to change this shit! + + +Edit: I'm happy to see a lot of people had the same though...i was thinking that a solution could be a stock exchange based on the Blockchain! I think that it will be the future and japan wants to be the first!! + +"Japan to Have Blockchain-Based Stock Exchange in 2022" https://finance.yahoo.com/news/japan-blockchain-based-stock-exchange-151748234.html?guce_referrer=YW5kcm9pZC1hcHA6Ly9jb20uZ29vZ2xlLmFuZHJvaWQuZ29vZ2xlcXVpY2tzZWFyY2hib3gv&guce_referrer_sig=AQAAAEu5MYw1Pm8tAb4BB9JNeZbxJRAvo3c-A4xyss4Lgm3ileO9VeAyHDUNgzps7_W03xHQZXT6s7SU69F5gctao-pNxEAYr6mpZKLhLyBGjmhePa8Mcysa-V04HxWD8VyOA3MQMQvgJUTG1H61m67JEFp8PNpFbx18dkFRtzGtaOcp + +Edit2: I don't want people to sell GME for crypo (what we are doing here will be taught at university and remembered)...I wanted just to show some of my though on why the US government (or any other government even european), by not doing anything, is worsening more the situation. +People will relay more on blockchain than the government after GME! + +🤲💎🚀🪐 +I have built a $1.5 million cash balance that I don't want to invest in the stock or bond market. I will be using this money to build my dream home but the process is 18 months for ground up construction. + +I am looking to take 0 price risk and the capital needs to be liquid. Accessible in 1 week. + +I was thinking of maybe creating multiple brokerage accounts to take advantage of the SIPC. + +[https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php](https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php) + +From their site: Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000). In addition, Interactive Brokers LLC carries an excess SIPC policy with certain underwriters at Lloyd's of London,1 which extends the per account2 coverage by an additional $30 million (with a cash sublimit of $900,000), subject to an aggregate limit of $150 million. They pay 1.83%. + +I am married so 500k is covered via SPIC. + +My wealth manager at GS is recommending a CDARS that will yield 1.1%. + +EDIT: Looks like CIT Bank pays 1.9% with a 0.2% bonus for balances above $1 million. +TLDR: 33M, 800k NW, negotiated a half time job (6 months on, 6 months off) to allow for traveling. I'm stoked! + +Wanted to share my tale, as I love reading success stories and my journey has some twist and turns. Some details are obfuscated to protect my innocence :) + +### Some Background +2004 - Start in internship (during transition between High School and College) with a large defense contractor. My salary for an intern is great ($18/hr) and I'm given retirement benefits. Immediately start sinking 25% into my 401k. + +2008 - Graduate college with a degree in Engineering. The job market sucks, and I take a few months off to backpack around Europe and Africa. + +2009 - Come back to my HCOL city and start working as a government contractor. Salary is $55k. I'm fortunate to have the option to live with my folks so I can save up. + +2010 - Switch job/company for a new salary of $63k. + +2011 - Internal job change to $68k. + +2012 - Switch job/company to $80k. + +2013 - Buy a 1 BR cooperative in in the downtown area. The building is old, and the coop fees are high, but I love the location and the neighborhood. $229k purchase price with 20% down @ 3.75% interest nets me a mortgage at roughly $850/mo. All cooperative fees + additional costs add roughly the same, for a total monthly payment of $1700. + +2014 - Internal job switch. Base salary stays the same, but I get ~$20k in commission, bringing my total to ~$110k. Get married. Luckily decide to keep our finances completely separate, which was a great idea, because... + +2015 - Get divorced. I decide to take a sabbatical in Q4; what was intended as 1 year off balloons into 2 years. I spend a year camping through Africa, 6 months in the Indian subcontinent, and 6 months thru-hiking the Appalachian trail. These were the best 2 years of my life. Total cost abroad for the 2 years was around 40k. When I return, I find that my NW is about the same as when I left. + +2018 - Find a new job with a salary of $132k. My two year sabbatical, surprisingly, does not seem to be an issue at all. + +2019 - Find a new job with an F500 company. Lower base salary, but new company allows me to do mega backdoor roth, and there are stock incentives. Total cash comp ~135k. Over the next ~18 months, my company 401k is over 100k. + +2020 - Get fired; with COVID happening decide to join a family member for a ~3 month camping road trip out west. Think a lot about what I want my life to look like, and how I can build that life. + +### Where I'm at now +* Mortgage down to ~$156k. With appreciation, my place is now worth around ~375k. (Have not refinanced, still at 3.75%. Coop fee is now almost exactly $1k/month, but this is my "all in" cost - includes all utilities, taxes, insurance, etc.) +* 205k in Betterment @ 100% stocks in default allocation +* 200k in an IRA @ 100% stocks +* 140k in a Roth IRA @ 100% stocks (I took serious advantage of the megabackdoor roth with my two years available) +* 13k in a solo 401k +* 6k in an HSA (invested) +* ~20k sitting in cash (for now) + +### My Living Expenses +I don't do a super good job tracking living expenses, but I live a fairly simple life. My main hobbies are weightlifting, bike riding, and reading. My total household costs are roughly: + +* $1850/month housing +* $250/month food +* $30/month cell phone bill +* $30/month transportation (bike share + public transit; no car) +* $45/month gym membership +* $300/month everything else (hangouts with friends, apartment stuff, clothes, etc.) + +At my current salary, I'm able to comfortably save between $5k-6k a month. + +### Back to the story... +While on the road with my brother (this is over the summer, Jul - Sep 2020), I find two candidate companies and take interviews from hotel rooms in between camping under the stars. I'm trying to figure out how to best balance my love for the outdoors with "professional" jobs that allow a couple weeks off, at best. I know I don't want to go back to working full time, but I don't really know how to go about navigating the situation. + +I take one final round interview, which goes really well. This is how the conversation goes: + +> Boss: OK, cool, the interview is over. That went well. We want to hire you. +> +> Me: ...Huh, what? You've decided already? +> +> Boss: Yeah, let's talk about what that looks like, if you want to work here. +> +> Me: ....Uh...yeah, sure. I mean, the company sounds awesome, but I'm not sure it would work out... +> +> Boss: Oh, why not? +> +> Me: Well....I don't think I want to work 12 months a year. +> +> Boss: OK. Not everyone here works full time. What do you mean, you don't want to work 12 months a year? How often do you want to work? +> +> Me: Uhh....I'm not sure? Maybe 6 months on, 6 months off? (I could feel my sphincter tighten up as I asked for this. I was totally unprepared for this conversation!) +> +> Boss: ......We can accommodate that. Any other big issues? + +I was shocked how easy it was! There was almost no push back, and no negotiations on my desire to work only 6 months a year. Luckily, I work as a consultant where projects are typically 6-9 months long, so this ask isn't as crazy as it sounds. We spent some time negotiating what the offer looked like, considering the unusual circumstances, and we settled at $75/hr 1099. + +### What the Future Looks Like +I'm super excited to have the flexibility to travel six months a year, and I know intellectually I shouldn't need to save any additional money to retire at ~60. I'm also extremely fortunate to work in a field where I love going into work every day. I plan on doing a lot more "long hikes" - the Pacific Crest Trail, the Te Aroroa, some hikes in Europe - as well as more backpacking/camping trips. + +In terms of finances, I should bring in 12.5k a month * 6 months = $75k. I haven't run all the numbers, but as a 1099 I should be able to shelter a ton of money from the IRS: + +* $19.5k 401k +* $~12k 401k ("company" match) +* $3.5 k HSA + ~3.6k in health care costs (Bronze Plan as a Single person) +* $6k IRA +* $~12k (20% passthrough as a sole prop) + +So self employment tax notwithstanding, my federal and state taxes should be quite low. + +### The Elephant in the Room - My Apartment +Every time I run the numbers, paying nearly 2 grand a month for my apartment seems crazy, especially if I only plan in living in it 6 months a year. Unfortunately my HOA rules do *not* allow renters for terms under one year. + +Another option I've considered is selling my apartment, and using the proceeds to either pay all cash for a place in a lower COL (Las Vegas? Charlotte?) and never worry about a mortgage again, or possibly try the digital nomad life for a year or two. + +In the short term, I think I'm OK holding it. When I travel overseas, I usually travel quite cheaply - either camping or staying in hostels, eating street food, walking around a lot, things like that. Even if my annual expenses balloon a bit, I would feel very comfortable pulling ~10k/year (5%) from my Betterment account to cover the delta. The other option, of course, is to work 8 or 9 months a year for a couple years if I'm drawing down my Betterment account too fast. + +### Wrap Up +I've been super fortunate with my life, and I'm really excited to see how the next phase unfolds. Please let me know what you think! + +### EDIT - FOLLOW-UP Q+A +*Q: You had help!* + +A: Yes, I thought it was so blindingly obvious that I didn't get here alone that I wasn't super explicit about that. I thought the most interesting part about this post was my desire to go half time, and how that unfolded, but I see in retrospect adding in numbers makes everyone wants to run their own calculation. + +*Q: What help did you get?* + +A: **My grandmother died in early 2019 and left me ~$70k.** This *absolutely* impacted my decision and probably moved my decision up 12-15 months. College was paid for. Leveraging family connections to get my first internship. I also kept about ~10k in cash wedding gifts even after the divorce, but that was mainly out of spite, so let's not dwell on it :) + +*Q: The numbers still don't make sense!* + +A: Technically that's not a question, but yes, they do. I'm not sure where some of the commenters were getting an "estimated NW of 300k running the numbers", but here's a more granular breakdown. These are estimates, I don't have everything tracked super well. + +Years | Yearly Cash Savings | Total Cash Savings | S&P Index Then | Equivalent $ Now | How? +---|---|----|----|----|---- +2004 - 2007 | $4k | $16k | ~1300 | ~40k | Interns were eligible for 401 (+match). I took advantage of this, heavily. I also worked during winter break, so it was more than just 3 months/year. +2009 - 2012 | $25k | $100k | ~1300 | ~250k | I was living at home, with my folks. Expenses were close to zero. My savings rate some years was probably over 80%. $25k/year is lower than I saved, I excluded the ~12.5k/year * 4 years that went towards my down payment. +2013 - 2015 | $40k | $120k | ~2000 | ~200k | By 2014 I cross into 6 figures, these savings rates are not that impressive +2018 - 2019 | $60k | $120k | ~2800 | ~140k | Megabackdoor Roth, primarily. + +Total "stock equivalent" savings = 40k + 250k + 200k + 140k + 70k (from grandma) = $700k in stocks. My actual holdings are less. The lion's share of this delta is when I pulled out $40k between 2015 - 2017 to fund my sabbatical, which has a total "cost", with gains, of closer to $65. (I also pulled out smaller amounts throughout the years for other trips.) + +*Q: There's an error in your math!* + +A: Yeah, probably. It's not intentional. + +*Q: It's impossible to buy a house for $230k in a HCOL!"* + +A: I agree that it's probably impossible to buy an apartment in 2020 in a HCOL for $230k. I bought in 2013, and I technically didn't buy an apartment, I bought a cooperative. These are similar, but coops are typically more depressed in value than apartments because of restrictions. I also bought in what was a lower income, more racially diverse area, so gentrification (and therefore house prices) hadn't quite caught up. But yeah, I got an absolute steal of a deal, if I do say so myself. + +*Q: So you took 2 years off, spent about $40k, and when you came back, your net worth was about the same? Please, explain the magic of compound interest!* + +A: For sure, my dude! I *think* I had about $350k invested in the market about that time. I pulled out about $40k, leaving me $310k. My sabbatical was almost exactly 2 years, Nov 2015 - Nov 2017. In Nov 2015, the S&P index was at ~2020. When I came back in Nov 2017, the S&P was ~2600. That's about a 30% gain. (350 - 40) + 30% > 350. Go, compound interest! (This excludes the ~8k I gained in NW by renters paying down my mortgage for me.) + +[Edit #2] +*Q: You don't understand what "compound interest" is, you noob!* + +A: lol +EDIT: I asked and I received. Lots of good points here. I think I'm going with my gut here and staying put. I'm on easy street right now and should really only leave for the job that seemingly 'checks all the boxes'. This one doesn't. Therefore the decision is clear. I see friends and family every other weekend so it's not like I'm deprived - It just takes more effort than usual to do so. Thank you all. + + +25..I already know which way I'm leaning. I just want someone to play devils advocate with me. + +I work for a big defense contractor 3 hours from home/friends/family. Extremely stable. + +Got offered a 100% remote position for virtually the same amount of money. Benefits not quite as stellar. And it's in the aerospace industry. + +Pros: I love aerospace. I can work from parents house near friends. No more rent. Much better area. + +Cons: 4th job in 3 years. insignificant pay bump. Unstable industry and company. + +FWIW, I WFH here and there currently anyway. i take weekend trips back home consistently. + +On one hand, I want to just chill out in an area for more than a year and get some experience. I'm set up well where I'm currently at. But on the other, I know I will eventually be moving home. So maybe I should just rip the bandaid off. +(Bloomberg) -- Exxon Mobil Corp. is poised to drop out of the S&P 500 Index’s 10 biggest companies for the first time since the index’s inception some 90 years ago, the consummation of a long-term trend of tech titans replacing industrial giants in the top ranks of U.S. stock market. + +Visa Inc. replaced Exxon as the 10th biggest member of the index by weighting on Aug. 1 and two weeks later Procter & Gamble Co. also overtook the oil giant, according to data compiled by Bloomberg. S&P Dow Jones Indices will likely confirm the move when it publishes its month-end weightings Saturday. + +“The oil sector has gone from being the leader of the world economy to a laggard,” said Tom Sanzillo, director of the Institute for Energy Economics and Financial Analysis, who traces Exxon’s presence in the S&P top 10 back to the 1920s. + +The growth of technology giants like Facebook Inc., Amazon.com Inc. and Microsoft Corp. over the past decade coincided with the shale revolution that created an abundance of oil globally, weighing on energy companies. Exxon, once the gold standard in Big Oil, also has made some missteps: betting on Russia just before the country was slapped with sanctions and plowing money into U.S. natural gas in 2010 as prices collapsed. + +With many investors betting on a post-hydrocarbon world, energy faces a battle to stay relevant to generalist investors. The sector makes up just 4.4% of the S&P 500 Index compared with 11.7% a decade ago. + +https://www.bnnbloomberg.ca/exxon-poised-to-drop-from-s-p-500-s-top-10-for-first-time-ever-1.1309462 +I have a Toyota Hilux which I no longer use, I am either going to sell it, or chuck it up on CND. But I am unsure how profitable it’s going to be for me. + +The car is 2017, Cab Chassis with low Kms - 25,000 or so. I can fetch a pretty penny for it on the current used car market, like $24,000+ . + +I am weighting up to chuck it on CND as I live inner city and have parking. I have financing on the car, $350 per month, so in my head, I just need to make more than that per month to start making money. I would have it available 24/7/365 as I have no use for it and already have a primary car. + +Any advice or insight from CND Renter, Carlords or Money Minds is appreciated. + +Cheers +>Shares of Amazon plunged as much as 20% in extended trading on Thursday after the company posted weaker-than-expected earnings and revenue for the third quarter and gave a disappointing fourth-quarter sales forecast. + +-EPS prints at $0.28 vs. $0.22 expected. + +-Revenues came in at $127.1B vs. $127.5B eyed.